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:
.
THE
/J
AND
xmtk
W
HUNT'S MERCHANTS' MAGAZINE.
«KPRE3ENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES?
(Kntored aoaordlnR to Act of Congress, In the year 1891, by
VOL.
Wm.
B.
Dana &
Co., In the otilce of tlie Librarian of Congresa,
SATURDAY. APRIL
62.
11.
Wa»hlnnton, D.
189L
NO.
C.)
1.346.
the month, and the fact that the returns cover a full week's
whereas the week ending March 2d included Qood
Friday.
C!ontrasted with the similar period a year ago, the current
Terms of Subscription— Payable in Adrance:
total exhibits an excess of 1'7 per cent, but the observance of
$10 20
For One Year (Inoludlne postage)
Good Friday in the week of 1890 served to reduce the cleardo.
6 10
For Six Months
11 50
Euroiwaii Subscription (luoliidinK postage)
ings, which explains the present gain.
The cities recordinaf
6 75
EuroiH-an Subscription- Six Mouths (including postage).
an important ratio of increase this week are Ualveston, 108-ft
Annual HubsciipUou lu London (iucludlng postage).... £2 8s.
83'1
per cent Minneapolis,
New Orleans, 48'9 Memphis,
do.
do.
do.
£198.
Six Mos.
These prices Include the Investors' Supplement, of 150 pages, 35'4, and Norfolk, 28'6 per cpnt. The heaviest losses are at
35-6;
Denver, 21-9; Omaha, 26-9, and Dallas and Lexluued onc« in two months, and furnished without extra charge to Wichita,
absorlberH of the Chronicle.
ington, each 25 per cent.
A tile cover is furnished at 50 cents; postage on the same la 18
etiiU. Volumes bound for subscribers at $1 00.
Wttk BmMns AprU 4.
Wuk Bnd'Q McK 88
Terms of Adyertisinff.
1881.
1890.
P. Cent.
AdTertlsemeiits ordered for less than one month, in the Comhercial
1881.
P. OMIt.
ft FiHASciAi. Chronicle, nre published at 25 cents per line each insertion. When orders are (iefliiitoly given for one mouth or longer, a libNew York
677,130,850
574,888,087
193332,133
-13^
-I-0-6
eral discount Is allowed, and the net pricen may be obtained on appUca^ SolMo/—
Hon at the olflce. The lowest rates on permanent cards definitely or- (Aoeki
tharu.)
(747,810)
(558.839) (-21-S)
(491,189) (+58-1
dered for one year are 8 cents per line each insertion, making $58 for
bala.)
08^',700j
(Ootton
(178,100) (-t-10-8
(874,100)
tnuhil».) (61,71)1.412) (37,187.000) (-I-39-5
(84,m8,'i00; (f249«
{Brain,
one Inch space one year. Space Is measured in agate type— li lines to
I>M<.)
(1,S44,0»>J
(7,440,000) (-819
business,
:
tkelnoh.
Menra. Edwards &. Smith, l Drapers' Qardens, E. C, will take suberiptlona and advertisements and suppljfsingle copies of the paper at
1m. each.
WIUJ^AH B. DANA.
torn o. rLOYD.
WILLIAin
DANA
B.
&.
Co., Pnbllabera,
102 IVllUatii Street, NKW
Post OfficeB Box 958
YORK.
—
for Oct.
2, 1890,
84,711.860
0,S»a.800
S,Ul.a2t<
i'roTldence...
IlHTtford
New Haven...
Chronicle of Feb. 14, 1891, page 275; those
in the issue of December 27, on page 899.
Portland
1,175.741
Bedford.
New
Total
England..
Philadelphia
PlUsbarii
Baltimore
13,645,)>81
7,042.238
1,515,7«2
880,263
Buffalo
Washington
WIlmlnKton,
Del..
887.SU6
1,588,608
Syracuae
Rochester*
103,016.494
With EnMnt AprU
Herw York.,
miadelphla.
Balttaore
Oklaaco
Bt.Lonls
Hew Orleans
Seven
cities,
6 days.
Otluroltlee, 6 days
Total aU olUes, 6 days..
All
otttee, 1
day
Total all cities tor week..
The
11.
1890.
PerOmt.
-0-9
-0-8
-16-3
+0-8
—10-5
—ail
48,179,557
11,135,400
11,021,075
6,78H,45«
1,398.18J
778,858
-f31-2
7ll,0.i:i
103,018,960!
-0'7
-8-8
+5-9
St.
$736,460,749
134,011,203
$764,966,783
128,275,785
-2-5
4-TO
Dnlntta
8t. Joseph....
Sioux City
«870,46I,952
194,216,911
$880,231,668
189,254,436
-11
Des Moines...
Wichita
f2-6
Lincoln
Topeka,
...
Total Paoiac.
Kansas
City...
Minneapolis...
_-l-31
-t-6-8
101,658,414
20,868,044
1,983.832
-I-16-6
804,616
678,^80
17.379,283
2.066,K40
1,878,054
1,186,185
798,483
686.131
— 10
14.690.858
2,027,702
1,441.955
893,031
1.018,330
663.888
S6,100,10«
84,003,938
-l-io-o
18,391,806
9,855,560
10,142855
-8-8
6,(183.748
3.121,838
3,317,310
1,851,173
-f88-l
7,658,887
1,177.188
-)-24-o
3,068,>ll0
—85
5,U51..358
—8^-3
3,618,601
3,e56,»7l
1,182,148
1.180,866
957.311
4,168,380
3.669,108
1,898,917
1,518.336
l,)ni,636
1,149,377
Paul
Omaha.
Denver
6,04), 576
1,846,186
1,380,044
355,184
87«,SS0
810,096
756,028
538.3S6
373,068
83,966,888
34,301,137
S0J»9,775
91,996.789
7,737,034
8.384.886
2,188,897
2.181,163
1,2)6.866
1.959,857
9803n>
487,156
5'J6,780
,
,
Total Other Western.
the week covered by the St. Loala
Orleans..
above statement will be given next Saturday. We cannot, of New
(.onlsrille
Oourse, furnish them to-day, bank clearings being made up by Memphis......
Itlohmond....
the various clearing houses at noon on Saturday, and hence in Oaiveatoo
the above the last twenty-four hours of the week have to be N'ashvllle ....
Dallas
in all cases estimated, as we go to press Friday night. Below Kort
Worth..
full details of clearings for
•re our usual detailed figures for the previous week, that is Norfolk
covering the returns for the period ending with Saturday Chattaoooita.
BlrmlnRham..
noon April 4, with the comparative totals in 1890.
I.ezlngtoa....
Houston*
It will be observed that the aggregate for all the clearing Waco*
houses records a gain over the preceding week of nearly one
Total Southern.
hundred and fifty million dollars. This increase is ascribable
Total all
to a number of causes, viz. a somewhat greater volume of
2)eculatiye transactions on the New York Stock Exchange, OnUlde New York
the additions on account of interest payments at the first of
* Mut Included lu
-»-8
104,570,001
1,120,SJ1
Los Angeles
-17-9
1,720,339
772,i65
l,5U9,tl74
11,581,365
6.414.145
8,978,751
l,M17,68e
a.«36.657
S,83&.01l
888,160
—5-»
~80,962,588
111,032,701
Seattle
+9-1
+29-1
-^8•9
3.119,600
8,180.145
1,569.6?8
749,411
Salt T.,ake City.
-4-12-7
-00
69,406,400
10,885,850
4,718,717
5,133,788
4,480,988
8,734,700
1,70«,«74
1,681,358
960,865
2,020,0011
Taooma
-f41
-18-;
-8-a
—80^>-83-8
—14-1
1,185,687
Indianapolis...,
-191
(1,069,486,008
65,771,358
14.430.846
18,681,749
6,765,518
1,756,187
87s,17«
738,116
Columbus
(513,402,333
78.931,682
60,013,481
12,931,493
61,267,000
19,867,084
8,789,696
$1,064,678,863
-fio-o
86,198,551
4,8118,807
(608,608,698
73,477,399
60,816,083
10,468,909
60,849,000
17,938,987
9,276,674
-TO
+*»
-0*
—7-e
-l-lt
4,838,478
8,865,a)0
Portland
1891.
88S,I36
827,600
1,094,933
950.380
86,692,094
Clerelaod
San Francisco..
-4-6
—10-4
fl5-l
-HC7
-f-81-8
5,078.559
Peoria
-3-9
-10
1.61!.6(1B
70.S,877
5,8a-4.85-^
arand aaplds...
-^3•4
(-89-85
339,668
Detroit
Mllwaokee
-H17
(416,000)
71,815,607
4,709.800
-I-16S
69,603,640
12,304,650
Clnolnnatl
40-8
-t-25-8
76,811,833
18,^47.550
4,748,0^4
Total Middle Western
Olbajukob.
Bttwm by TtUgrafK
66.386,662
12,808,402
l,148,S)2i
1.0Stf,!ltl2
Chicago
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
TTnited States for the week ending to-day, April 11, have
been $1,064,878,863 against $1,004,457,794, last week and
^1,069,486,003 the corresponding week last year.
98,493,766
I,l!V!2,80e
Worcester
Total Middle..
ULEARINO HOUSE RETURNS.
800.839
636,885
84,001.784
4,653,900
2,070,808
1,884.488
I.IWO.OIO
1.068.688
1,880,101
636,33e
550,038
SprlnKfletd..,.
New
668 will be found the detailed returns, by States,
of all the National Banks, under the Comptroller's call of
February 26, kindly furnished us by the Comptroller of the
Currency. Previous returns were published those for Dec
the
Boston
Ixiwell
On page
10, 1890, in
:
(P«tn)l<in»
London Aeents
;
;
l,oe6,0(ff
885311
1,015.949
8aH,08ll
698.163
170.000
74BJS88
101.671
695300
807,651
639,433
—0-5
-5-B
+16-7
—11!
—81
—47
-hlOk
-6-8
—186
-«-4
-hi 3-1
8
—879
-8-8
-H7-7
-)-88'8
-38-6
—1-1
-18
-10
-6-6
738.818
488,158
ll-<.6t0
187 ,827,544
ii«.8»»,ioa
-Hxn
-8»1»
fiW
-f*l-»
-l-ia-a
-M-a
-»7
-i-i*T
—IM
-28-1
—87-4
-18-1
-ll-»
+88-$
-Me-«
-88-»
-1-7
—11-8
19,591.386
7,881,811
•m-a
3,814,837
—2-8
-9-8
-18^1
+1088
8,157368
8364,453
-H7-»
-l-M-l
1,725.518
-25
—18»
816,089
772.168
807.888
116,100
706.636
311,701
—sn
-81-1
-7-7
—20-0
6,19e,4(V3
1,188,858
561,667
60,87e,l«»
-M-B
832.714
48-0 ~ie,i8S,o5»
887,193,188
tS-s
-I-11-7
28,052,771
720,896
64,117,408
—8;a
-I-38-4
-m
l,aM,S»8
1,004,467,794
+TS
+1-7
-4-88-1
-ri
-1*8
-(-SS-8
-t«ri
4«»
865.618.888
-u-«
368386.186
-=ff»
:
totals.
;
THE CHRONICLE.
646
until
THE FINANCIAL SITUATION.
[Vol. Lll.
June payment
fact or
Aside from gold exports, the only disturbing
been
has
week
this
influence
rumor which has had any
pass
to
likely
was
Albany
at
Senate
the report that the
favor
unanimous
almost
found
lately
that
the bill
rate to five per
in the Assembly, reducing the interest
must have
House
Lower
the
by
action
That
cent.
considerbeen, it would seem, very hasty and without
in a
subject
this
"We have written at large on
ation.
the
that
believe
cannot
column, and we
and prowas a recovery on
of deposits in the national
vincial banks, but subsequently there
it was better for the banks to refuse payment
than to issue a forced paper currency. The news from
Leghorn and Genoa is to the effect that the commercial
houses which failed have obtained an extension, but
These
that the Bank of Leghorn has not recovered.
disasters have seemingly had little or no influence either
Discounts on the Continent were
in Paris or London.
dearer than in London; Paris, Berlin and Frankfort,
the view that
each reporting the open market rate at 3J per cent.
prothe
The Bank of England lost £340,000 bullion during the
like
which,
measure
Senate will entertain a
any
to
benefit
week.
This loss occurred entirely on the interior
no
of
be
to
shown
is
to,
posal referred
subsequent
State movement, as a special cable to us states that the shipone, and is so clearly adverse to the interests of the
atd coun try. The Legislature und erstands well enough ments to the interior of Great Britain amounted to
£343,000 ; there were exports of £33,000, the gold going
to South America and Roumania, but as against this
safe
of
there were imports of £35,000 from Australia.
and
only to points where it is safe,
any
If
Our foreign exchange market was dull and firm until
remunerative.
the
more
places it stays only in
of
danger
in
Wednesday,
when it grew easier for short bills and cable
capital
such
putting
that
thinks
Senator
confiscation in New York in case it takes more than transfers, in consequence of lower discounts in London,
five per cent for its use, whereas it can earn six per which threw the demand chiefly upon long sterling;
cent in every other State in the Union if any Senator on Thursday the market was steady, notwithstandthinks that such conditions are favorable to the devel- ing offerings of short sterling against moderately large
that floating capital has not only legs, but wings as
It goes freely
well, and knows how to use them.
—
opment
had better vote
of our industries, he
for the
As
monetary
to the
situation, the
the interior also are
gold exports con-
Shipments
tinue to disturb calculations.
to
still
of currency
pretty free, though the
return flow being larger than it was offsets that drain
natural result of these movements
in good part.
A
is
purchases of stocks for European account.
Commercial
have been scarce during the entire week. Brown
Bros, made no change in quotations until Tuesday, when
the long rate was advanced to 4 87 and the short to
4 89|^, which rates were maintained by Kidder, Peabody
& Co., the Bank of British North America, the Bank
of Montreal and the Produce Exchange Bank throughGold to the amount of $1,300,000—
out the week.
11,000,000 by Heidelbach, Ickelheimer & Co. and
1300,000 by Belmont & Co.— was shipped to Europe ou
Wednesday. Yesterday there was withdrawn $3,750,000 for shipment to-day— $500,000 by Heidelbach,
Ickelheimer & Co., $1,000,000 by Lazard Freres, $500,000 by Ladenburg, Thalmann & Co., $500,000 by L.
Von Hoffmann & Co. and $350,000 by Kidder, Peabody & Co. The market for sterling closed with rates
for actual business at 4 86@4 86i for long; 4 88@4 88^
for short; 4 88i@4 BSf for cable transfers; 4 85@4 85J
for prime, and 4 84^@4 84f for documentary commerbills
bill.
that the anticipated accumulation of funds at this
centre
is
not as yet in process of being realized.
So far
as the banks are concerned, however, they have not lost
80 largely in reserve this week
would
incline one to
expect; this
as
is
the gold exports
because the Gov-
ernment's disbursements have materially exceeded
its re-
For the same reason the money market has
remained without material change, the supply of call
money being still abundant, though as the week closes
there is a little stronger tone.
So far as represented
by bankers' balances, call money has loaned at 4 and 3
per cent, averaging 3 per cent, at which renewals have
been made banks and trust companies have loaned at
3 to 4 per cent as the minimum.
In time money the
ceipts.
;
increasing business in stocks has caused a better inquiry, but the offerings of money have been liberal
cial bills.
The encouraging outlook
stitutes
eral
for winter wheat conone of the most favorable features in the gen-
situation.
The
reports
of
the
various
State
rates are 4^ per cent for sixty days to four
mouths and bureaus in the West, as they have come out during the
5 per cent for five to six months on good mixed secu- last week, have been about all that could be wished,
rity.
There is a better supply of commercial paper, and the report of the Agricultural Departaient at
but the demand for it does not increase, the city banks Washington, issued late yesterday afternoon, fully
appearing to be indifferent about buying, though the out- confirms the current accounts. Last year, it will be
of-town inquiry is fairly good rates remain unchanged remembered, the condition was quite low, and the con;
at 5@5i^ per cent for sixty to ninety-day endorsed bills
receivable, 5|@6 for four months acceptances and
6@7
trast
now, therefore,
general average for
all
is all
the more striking.
The
the States the present year
is
per cent for good single names having from four to six
stated to be the highest since 1883, being put at 96'9,
months to run.
which compares with only 81. on the 1st of April last
There is apparently a glut of money in London,
due year. In Kansas the promise seems to be unusually
largely to a lack of demand on account of
a lull in good, the condition being reported at 99, against 87,
business and no speculation.
Thursday call loans were but that State is by no means exceptional in this
reported by cable at one per cent, while sixty to
ninety respect ; in Illinois the condition is 97, against 75 in
day bank bills were quoted at 3 per cent ; but
yesterday Michigan 93, against 67 ; in Indiana 99, against 75 ; in
the quotation was a trifle higher, being
3@2^. During Ohio 98, against 87 in Missouri 96, against 83 ; and in
the week the cable has reported a flurry at the
Continen- California 99, against 71. Thus the improvement is
tal Bourses, caused by rumors of
political complications, general and decided, and if no untoward developments
but London apparently was not affected,
and the dis- occur between now and harvest, the crop will be a large
turbance on the Continent was of brief
duration.
On one, the favorable effects of which circumstance will be
Wednesday there was a heavy fall in Argentines,
due to the more noteworthy since prices are on a comparatively
the announcement that the Government
had suspended high level. It should not be forgotten that besides
;
;
APRit n,
THE
isei.j
CHRONICIJ?*
the improved condition of the plant as compared witli
last year, the acreage under the crop is also quite generally larger, thus afford ing a double advantage.
647
when the present management
being independent, but
changed and the loMes
DoubtWhile the veto of the Nebraska Rate Bill is an im- less the Atchison officials think that the same conservative
portant matter, indicating as it does relief to that ex- method should now be followed with the San FranAt any rate, soon after the Atchison got possestent from threatened oppressive legislation, and reflect- cisco.
ing also some modification and abatement of the spirit sion of the property the dividends on San Francisco Ist
It is proper to add
of hostility to railroad interests, the circumstance which preferred shares were suspended.
there
had
been
a reduction from
this
previous
to
encouragement
to
that
perhaps offers the greatest amount of
basis,
which
had
prevailed for so
cent
property
is
the
old
per
the
7
railroad
in
those holding investments
came
into control this policy was
(one-half) brought into the Atchison's accounts.
that whatever the attitude or inclination of many years, to a semi-annual dividend of 2 per
mind, the opportunity for mischief from that cent. The amount of the preferred shares is small,
public
the
but
the
question
only $4,500,000,
Taking being
of
source will not recur for some time to come.
fact
that group of States west of the Mississippi, embracing Kansas, Nebraska, Missouri, Iowa and Minnesota,
its
where hostility to the railroads has of late been strongest, and where radical measures directed against the
roads seemed to stand the most chance of success, we
find that the legislatures of the three States first mentioned have already adjourned, while the term of the
Minnesota legislature will expire in a very few days,
the Iowa legislature not being in session the present
Nor does this mean that the roads will have a
year.
In every one of the
respite simply for twelve months.
States referred to the legislature meets only biennially,
practically
action
has
been
hostile
that
so
And the same
deferred for two years till 1893.
statement applies to most of the other Western States,
like Wisconsin, Illinois, Colorado, &c., whose legisla-
"of the company,"
rights
involved
further
is
that the terms of the stock state that
by
the
" by
fact
resolution
it "has priority of lien on net
"revenues for such dividend (7 per cent) over any
" mortgage bond that may be issued by the company sub-
" sequent to the creation of this stock." The dividends,
however, are not cumulative. It will thus be seen that
the situation confronting the Atchison managers was a
They have evidently considered the
matter carefully, and they now offer the shareholders new
4 per cent gold bonds (part of a general issue of
complicated one.
in exchange for their stock, dollar for
and in addition interest in cash from the Ist of
January last year. We do not know how the proposition will bo received, but we may be sure of one
thing, namely that the Atchison managers consider it
tures will not be in session again, after the present fair and just, and the best that could be offered under
There is one exception to the ruk-, the circumstances otherwise it would not have been
year, till 1893.
namely Iowa. This State also has only biennial sessions, made. It is to be hoped that this effort at adjustment
but they are held in the even years, so that there will be will be as successful as have been the efforts of the
a meeting next year. In Iowa, however, there has already present management in removing and settling all the
been so much adverse legislation, and rates are down to other complications which they have had to deal with
150,000,000)
dollar,
—
—
so lo.w a basis,
can
be
it
seems unlikely
contemplated.
The
much
further
situation then
is
harm
that
the railroads in the West are virtually safe against
further legislative interference
till
since they have been in control of the Atchison property.
Our stock market
this
1893 (always barring activity and great strength.
and in the
meantime there will be an opportunity for the growth
of a sentiment more favorable to the roads.
The good
prices which it now seems likely will be realized on the
coming crops will be a great help in that direction,
since with a reasonably fair yield the effect must be
of course the calling of extra sessions),
greatly to improve the financial position of the farmer,
removing much of the motive for squeezing the car'riers.
The same circumstance may also be trusted to
minimize possible adverse action from the State RailToad Commissions, which of course have it in their
"ipower to inflict much harm on their own account.
The Atchison Topeka & Santa Fe has submitted a
and general advance in
buoyant.
The granger
week has shown increased
There has been a large
prices,
with the tone at times
.
properties have been the special
and the improvement
from Friday of last week,
when the announcement came that the Crovernor of
Nebraska had vetoed the Maximum Freight Rate bill.
feature
in these
This
in
the
may be
market,
said to date
regarded as a turning point in the crusade
and since that event all the Western properties have been bought with increased confiis
against the railroads,
dence, both by investors and speculators.
At the same
time the favorable accounts with regard to the condition of winter wheat, the coincident reports of poor
prospects for wheat in Europe, and the high prices
proposition for dealing with the 1st preferred stock of prevailing for
the cereal, have stimulated still
the St. Louis & San Francisco. It will be remembered further the hopeful disposition prevailing.
The
that
when the Atchison bought the common and
pre- gold exports of Wednesday acted as only a temporary
San Francisco, the 1st preferred deterrent on speculation, but the heavy engagements
stock of the same road was left untouched.
The yesterday for shipment to-day proved somewhat more
change of management of course did not affect the of a damper, the reaction, however, being comparatively
position of this stock in the least except so far as it light and the close fairly steady.
Of course it is
might mean a change in the method of keeping impossible to say whether the upward movement will
Hccounts.
The San Francisco is a half owner in the receive the necessary outside support to carry it furstock of the Atlantic & Pacific, which latter is oper- ther, but the feeling is very confident.
Mr. Corbin
ated at a heavy loss as a rule.
It was never the practice this week purchased the holdings of Messrs. Maxwell
of the San Francisco to charge this loss (or rather one- & Graves in the Long Island Railroad.
Northern
half of the same, that being its proportion), in the Pacific stocks have been weak at times on rumors of a
income account, the advances made to the Atlantic & disagreement between Mr. V^illard and interests on the
Pacific being re-payable. Had the loss been charged up, other side which have always acted with him, but the
it might have made a difference in the
Chicago Gas was addividends paid. The story met with a prompt denial.
Atchison also formerly treated the Atlantic & Pacific as versely affected late in the week by the news that the
ferred stocks of the
.
THE CHRONICLE.
548
I
Vol. lit.
is a mere illustration, used because it is
stockholders at their meeting had agreed to dissolve the .And Portland
not
one
of the larger centres of money, and thereTrust.
following statement, made up from returns col- fore of a class not usually thought of as the feeders
The
lected by us, shows the week's receipts and shipments
of currency and gold by the New York banks^
of the general
is
market
as well as America,
W«fc Endttv'Apri:
10. 1891.
Received bti Shipped 1>«
If.T. Banks. N. r. Banks.
;
true of every point,
Net Interior
Movement.
but what
large
is
true of Portland
and small, in Europe
where money is waiting for investinvestment
and is true of
ment, or
all forms of money which, like the savings deposits
I$2,310,000
Currency
200.000
Sold
of Maine, have the legal right of transfer to banks
$2.540.000 $3.805,000 L08S.$ 7G5.000
Total gold and legal tenflers...
In like manner also a decline in interest
here.
and gold exports
operations
Sub-Treasury
With the
or a disturbance of confidence sets the same capithe result is as follows.
to some better-paying or
flying
some safer
tal
$2,705,000 Loss.j
600,000 L038.
Week Endint AprU
10. 1891.
Into
Out of
BanTts.
Banks.
for
;
365,000
400,000
Net Change i»
Bank
better
locality.
Boldingt,
These simple facts, which are familiar to all, decide
whole issue. Nearly every one in America is in
Instead of having too much it can
$is,«4d,ooo $25.205.0001 LOSS.$1S65..000 want of capital.
Total gold and legal tendera
that no State, no locality, has
truthfully
said
be
The following table indicates the amount of bullion
are
mines, there are farms, there are
There
enough.
in the principal European banks this week, and at the
industries
which need developing. Under
of
all
kinds
corresponding date last year.
such circumstances what must be our first concern.
April 10. 1890.
AprU 9. 1891.
AmIuo/
Most certainly the cost of securing the needed capital
movement, ae above $2,510,000 $3,305,000 Loss. $765,000
8nb-TreaB. oper. and gold exports. 20,800,000 21,900,000 Loss. 1,100,000
BftnlcB* Interior
England.
rrance
SUver.
TotaL
Oold.
£
£
£
21.919,301
21.919.301
23.386.633
48.806,000 49.789,000
98,595.000
27.882.000 13.941.000
5,425.000 16.577.000
41,823.000
50.227.000 60.288,000 100,616,000
26.596.667 13.398,333 39,896,000
6,026.000 16.626.000 22,650,000
Gold.
SUver.
this
is
not the leading consideration.
pay be five or six per cent
shall
Whether the
is
of
rate
we
course import-
is open to us.
But before it can be
comes the question whether the State is
9.820.000
4,679.000 6,792,000 10,471,000
4,210.000 5.610,000
NetberlandB..
receiving more capital than it can use at the present
3,905,000
2,643.000 1.323,000
4,622.000
8,081.333 1,640.667
Nat. B'lgtnm*
In case it is, it would do no harm to lower the
Tot, this week 111.38,1.634 87,457,667 198,781,301 113,557.300 87.225.333 200,783.833 rate.
Tot. preT. w'k 111.489.495 87,396,600'l08,886.095 114,049,748 87,166,233 201.214,981
rate
in fact it will lower itself and reduce the supply.
• The division (between gold and silver) given in our table of coin and
On the contrary, if we still have (as we have
bullion in the Bank of Oermany and the Bank of Belgium Is made fro m
the best estimate we are. able to obtain; in neither case is it claimed to asserted, and as we think every one will admit,) less
be accurate, as those banks make no distinction in their weeldy returns,
merely reporting the total gold and silver, but we believe the division than we desire, really less than our industries require
we make is a close approximation.
Note.— Wereopive the foregoingresults weekly byoable. and while not for full development, would it not be worse than folly,
•11 of the date given at the nead of the column, they are the returns
laaaed nearest to that dat&—that is, the latest reported tigures.
would it not be destructive to our productive activities,
to reduce our bid and thus shut out the flood we might
German;*
...
Anst.-Hnn'T.
22.002.000
that choice
ant,
if
open
to us
—
otherwise get.
THREATENED LEGISLATION TO LOWER
THE INTEREST RATE.
It is
beyond measure wearisome
to
Then
another thought which ought not to
it ought to be within the knowledge of every one. We refer to the obvioas fact that
This
the way to lower price is to increase the supply.
rule holds good with respect to capital as well as with
No one needs to be told
respect to wheat and corn.
that with ten per cent added to the production of
wheat, the demand being unchanged, price will fall.
That is a fact which experience has taught every
farmer.
It is not so clear to him, however, that the
truth applies equally to capital ; but if he would only
have the same old
questions affecting business matters revived year after
year as each new legislature meets.
So many of them,
which grow out of a strange misapprehension with regard to money, and could have but
one side to them were it not for such misapprehension.
too, are questions
Tampering with the
interest law
is
there
is
need mentioning, for
one of these annual
the constant re-appearance of which is
only explicable on the assumption that men delude
occurrences,
themselves into thinking they can control and cheapen watch the fluctuations at any monetery centre and see
by statute, the thing of all others about which how sensitive rate is to any increase or decrease in supply,
the average law-maker most frequently gets astray.
Sometimes in New York
he would hesitate no longer.
capital
Were it fixed capital that was the subject of differ- there is an absolute scramble to secure commercial
ence there would be more of reason in the claim, for paper and profitable time contracts. Lenders compete
that is often so situated that it can even be confiscated, with one another on occasions until quotations drop
though it is scarcely necessary to say how harmful the to figures that bring in new demands which find occuexperiment, when tried, proves to any community. pation for the surplus capital. This is an experience
But a change
is an attempt to con- every large city shares in.
And if the States all knew
but floating capital, somethiflg their own interests, each would introduce absolute free
in the interest law
trol not fixed capital
almost as mobile as the
air itself.
Indeed, is not its trade in money, making a statutory limit to control only
some respects more perfect ? It not only flows in cases where the parties have not agreed upon a
readily to and from near-by sections, but it changes its rate.
location constantly, and is doing so daily and hourly
Coming down now to the practical question underlying
between New York and every place on this Continent, this agitation, let us apply what has been said to the
and in fact every monetary centre in the whole world. farming class. For it is the farming class which it is
These movements, likewise, are controlled by the slight- assumed demands this change, and which it is expected
est of influences. A development of stringency in
The effect of the
the will be pleased by the movement.
money market at Boston may dislodge perhaps a lot of proposed
action
may
perhaps
be
made
clearer by adapt.
.
sayings bank deposits even up in Portland, Maine, and ing it to a small district.
There is no county and no
bring them down on the New England trade centre as town in any county in this State which has not more or
quickly as the telegraph can make the transfer or the less of what may be called home capital.
How can that
same money might come here under like circumstances, capital be kept where it is for investment ? To hold it
fluidity in
j
i
;
|
Apbil
THE
11, 1881.J
(.'HRONK'LR
549
and must earn from us to the portion of the country needing help.
New York thus becomes simply a receiving and disallowed is not as high as that which rules in a neighbor- tributing reservoir, kept in healthful operation, and in
ing county, will it not go outside the town or county to turn keeping the country's industries in healthful
get employment, granting that it is equally safe in operation, through the influence and automatic action
Suppose a township committee or the of the money market.
either place.
authorities of a county, had they the power, should pass
Now what does our Legislature propose to do ? It
an ordinance reducing the rate of interest one per cent proposes to thrust its rude hand into this sensitive
below the rate ruling in the neighboring counties or machine and destroy its self-regulating power. That
townships.
With such a situation existing, can there is no figure of speech, it is a literal truth. The proposal
be a doubt in the mind of any man, whether lie is is to reduce the legal rate of interest below the legal
educated in financial affairs or whether he is not, rate in any State in the Union, and that proposal has
that it would result in driving the homo capital passed the Assembly almost unanimously.
Under this
seeking employment outside of the county where it provision all time money, except such as is willing and
belonged, and that it would shut out the capital of the free to run the risk of the usury penalty, will by an
adjoining counties, preventing it from going there and arbitrary statute bo barred out of New York.
A very
engaging in any of its activities?
Or if any such considerable portion of the funds that come here the
community desired to attract outside money into farm call department of the market cannot influence; that
loans, or into any of its enterprises, must it not offer portion will not move until the opportunity is offered
safer conditions or a larger return than the money is for longer employment than from day to day, and at
now earning before it can dislodge it and induce its rates within the limits of the law. We repeat that all
that money will be barred out of New York, for capital
removal ?
We will not multiply these simple illustrations. will no more flow towards a centre where it earns
On a previous occasion we covered this same point. less than it already earns than water will flow up hill.
Moreover, even if five per cent were the legal rate
The situation we have just outlined represents, so far as
the farmer is concerned, the whole case raised by the everywhere else it would still be hazardous to adopt
That follows as an obvious conclusion from
proposition to lower the legal rate of interest in this State. it here.
What has been said shows that if the plan be carried out what we have said previously. The prosperity of the
it cannot fail to make it much more difficult, and in
State and of the Nation requires that we should be able
most cases impossible, for country mortgages to be negoti- on all occasions to command the money markets of
ated. Money loaned in New York City on bond and mort- the country and of the world.
A free market
gage now gets 5 per cent a lower rate than that is the would go far toward circumscribing the harmful
exception, and can only be obtained on the best influence of
panics.
But if we cannot have
property and at wide margin, conditions which make that, at least our power in the direction of securthe security quickly convertible.
In the vicinity of ing command of the world's money when needed
New York (that is just outside the city) no should not be shortened.
money is being placed at lower than 5 per
cent, and as a rule a higher figure is demanded.
at
as
home it evidently must be
much there as elsewhere.
as secure
If the
rate of interest
;
Accepting
market, is
these
it
as
the
conditions
of
the
not wise for the interior farmer to con-
CHICAGO BURLINGTON & QUINCY.
The Burlington & Quincy furnishes such a complete
what chance he would have in competing with summary of its income and charges each month that
New York City for 5 per cent money. It is well known the results for the year 1890 have already been quite
that the best of farm property and the best of country accurately foreshadowed.
Nevertheless the annual
aider
real estate
is
much less easily convertible than improved
The effect of the proposed change
city property.
report always merits very close study, containing as
it
does the details of operations and also other data and
consequently must be to diminish the chance of placing information which cannot be given except in an annual
country loans and consequently also to depreciate statement. In addition. President Perkins's remarks
country property everywhere.
have in recent years been very interesting, his analysis
Bat the effect on individuals, or even on a single of the railroad situation revealing in a suggestive and
class of individuals, of this change in our law if made, significant
way the difficulties that railroad interests
hardly deserves mention, since there are greater and labor under.
wider interests concerned interests which in a measWe shall refer to some of Mr. Perkins's observations
ure involve the whole United States and its industries. further below, but wish first to present a brief
sum-
—
We
refer to the delicate position which New York mary of the year's accounts.
Taking the Quincy
City occupies ar d the work required of it as the reserve proper that is, omitting the
1,368 miles of roads concarrier of the entire country.
In consequence of that trolled gross earnings were $27,725,967 in 1890,
position there can be no monetary pressure anywhere,
near or remote, which is not quickly felt here and
must be as quickly responded to. Almost before the
announcement of any disaster, the disturbed disdrawn on New York for funds, and the demand becomes more or less general according to the
severity and extent of the crisis.
Of course our
public
trict has
supply of capital could never suffice for this imperative
work were not our Clearing- House institutions con-
—
—
against $26,778,313 in 1889, being an increase of nearly
($947,654); but net earnings, after
deducting operating expenses and taxes, were $111,497
less than in the year preceding, the total being $8,976,268 for 1890, against $9,087,765 for 1889. We need
not go far to discover the reason for the disproportion
between the net results and the gross. There was a
heavy increase in the expenses arising from the great
expansion in the volume of business an expansion
a million dollars
—
currently replenished through the innumerable little which because of
the unsatisfactory rates realized
streams of capital set in motion towards this city by yielded an addition
to gross receipts much smaller than
the higher rates for money which are at once estabthe proportionate increase in work done.
The road
lished and prevail here as a consequence of the drain
carried 23} million more passengers one mile than in
THE CHRONICLE.
650
[Vol.
LU.
This review of the income and operations of recent
but the addition to revenues on
years tells the story of the depression which railroad
the
In
$146,135.
only
was
traffic
one mile was interests have experienced, not wholly or chiefly
case of freight, the tonnage movement
hut the through their own fault. Such a state of affairs, while
226| million tons in excess of that for 1889,
Sta- bearing hard on any corporation, is especially to be reincrease in freight revenues was only $652,286.
gretted in the case of a property like the Quincy. The
increased
ted in another way, while passenger mileage
2 -So Quincy has had the advantages not alone that result
only
increased
8 '83 per cent, passenger earnings
increased as from having a system well located, abundantly supplied
per cent, and while the freight movement
increased with feeders and branches, and running through a good
earnings
freight
the
much as 12-93 per cent,
section of the country, but it has also had those other
cent.
3-58
per
no more than
prevailed merely advantages which accompany careful and conservative
If this condition or tendency had
On this latter point let the figures we
not management.
during a single period of twelve months, it would
speak for themselves. By the balance
cite
imare
about
to
still
perhaps possess so much significance, though
that
up to the end of 1890 no less than
appears
of
sheet
it
state
same
But, as our readers know, the
portant.
paid into the sinking funds,
been
had
been
$17,847^889
and
time,
long
affairs has been noticed for a
or from land sales, or as
earnings
from
either
directly
very
are
effects
The
year.
worse year by
the year preceding,
the total passenger
growing
striking.
Barring 1888, when the locomotive
engi-
the result of accretions on the securities held in the
The
amounts already applied
which will hereafter be applied in
On the same side of the balance sheet
ning of the previous decade, the company earned $10,- that way.
fund for $9,000,000, which represtands
renewal
the
earned
650,001 net on 2,772 miles of road. In 1890 it
contributions
to that extent from earnings for
in
sents
earnings
gross
only $8,976,268 net on 5,216 miles,
and betterments. Then there
making
improvements
dollars
million
from
20^
the meantime having increased
balance
is
income
of
an
$11,248,431, which has also
to 27i millions.
Still more noteworthy is the contrast if we compare gone into the property in one form or another, and
with 1883. That twelve-month period yielded larger is now represented by additional road, structures or
The three items together aggregate $38,net than any year before or since. At the end of said securities.
year the company operated 3,322 miles of road. At 096,320, and to this should be added, we presume, the
the end of 1890, as already stated, it operated 5,216 credit balance of profit and loss to amount of $6,451,miles, the increase thus having been nearly 60 per 582, giving a grand total of over 44^ million dollars
The increase in traffic in the same time was which has been used in adding to and improving the
cent.
That the
enormous, but such has been the decline in rates that property or reducing its indebtedness.
with 60 per cent more road the company earned only management should have been obliged to cut dividends
about 6 per cent more revenue, gross receipts in the down one-half in the face of that fact shows how
seven years having increased only about 1| million severe and how far reaching have been the depressing
dollars, or from $26,110,309 to $27,725,967, while net influences at work.
earnings in the same seven years actually declined not
But there are now indications of a change for the
far from one-third, being but $8,976,268 for 1890, better.
Greater harmony prevails among railroad
against $12,613,891 for 1883.
interests than for a long time past, and rates are on a
The result of these changes in shrinking the returns better basis and better maintained.
Of course, for
to the stockholders is a circumstance within the mem
some months to come the Quincy will suffer from the
ory of all. After paying high dividends through its shortage of the 1890 corn crop in Iowa, Nebraska and
whole history 10 per cent at one time, and 8 per cent Kansas.
So large a part of the country served by the
for a long term of years in the more recent past
the Quincy system, says President Perkins, depends upon
company during 1890 did not quite earn the 5 per the corn crop, that any serious damage to that staple
cent distributed for that year, and a month or so ago must affect business of all kinds for many months. He
reduced to a 4 per cent basis. The income statement also points out that during the first six months of 1890
now furnished reports a deficit for the twelve months the earnings from the carriage of corn shipped from
of $302,435.
This is after including $178,455 income points on the Quincy's lines in Nebraska and Kansas
from the Nebraska land grant, and which is not usually aggregated about 2^ million dollars, of which $520,000
taken into consideration. Without that, the deficit came in January, $382,000 in February, $561,000 in
would be $480,890. It is proper to add that the Quincy March, $294,000 in April, $246,000 in May and
has large sinking fund payments to make each year, $247,000 in June. Very little revenue from this source,
which are charged against the year's income. In 1890 we are told, can be expected during the first half of
the amount taken directly out of earnings in this way 1891.
was $745,492. With this eliminated, there would be
As President Perkins says, however, the effect of a
instead of a deficit of $480,890, a surplus of $264,602.
bad crop is temporary. The " more serious difficulties
But this, while giving a somewhat more favorable com- " come from laws which do not allow us to do business
plexion to the year's results, hardly makes the contrast "
on business principles." This states the whole case
with the earlier years any the less striking. Whether
Mr. Perkins contends with much
in a nut-shell.
we consider that the property earned slightly more or force that as regards profits the railroad industry must
slightly less than 5 per cent in 1890, the fact remains
be allowed to stand on the same footing as other forms
that up to 1887 the company paid 8 per cent dividends,
of enterprise, and that any attempt to restrict the inbesides contributing yearly from $500,000 to $1,500,000
come of the carriers to a basis permitting only the
to the renewal fund, and over and above all this had
a ordinary rate of interest on good securities is not only
surplus in some years of a million dollars or thereAll
unfair, but sure to do a great amount of harm.
abouts.
Since 1886 nothing has been carried to the
men who engage in mining, in trade, or in manufacrenewal fund, and the yearly surplus now, even on the
ture, he argues, expect to make a profit beyond what
reduced dividends, is small.
they can obtain by lending their capital at interest on
neers' strike intervened, net earnings in 1890 were the
In 1880, at the beginsmallest of any year since 1879.
—
—
funds.
total represents
in debt reduction or
—
APRIL
THE (CHRONICLE.
11, 1801.]
good security.
;
;
"
It is a railical
and dungerous
" therefore, to suppose that private capital can
" long run be induced to engage in business
error,
in the
is
651
Fully to appreciate the situation and the prospect, it
necessary to take a retrospective glance, and consider
of any the work which tlio convention was brought together to
On the occasion of the opening, this work
operating
rail- accomplish.
and
building
of
that
including
"kind,
" roads, on the understanding that it shall be sub- was outlined in a series of resolutions which it was
" ject to the risk of loss, but shall not be permitted, declared embodied principles necessary to establish
" however well placed or successfully managed, to earn and secure an enduring foundation for the structure of
" more than the ordinary rate of interest. Ordinary
" rates of interest can be obtained with little risk of loss,
•'
and when men engage in any business it is because,
" and only because, they expect to obtain more, and
" are therefore willing to assume the business risk of
" getting less. Statute laws which while they do not
" lessen this business risk do make it practically im" possible to earn more than ordinary interest, ncces" sarily injure, and if persisted in must ultimately
" destroy, commerce, for the reason stated, that the
" natural law of human action under such conditions
" that is to say, the natural law of trade is that men
" will not take commercial risks without the chance of
" commercial profits." * * * « And when legisla" lation goes so far as to increase the business risk,
" besides making it impossible to earn more than ordi" nary interest, the process of driving capital out of
" business will be rapid."
The resolutions provided that
privileges
and
territorial rights of the sevpowers,
the
eral existing colonies should remain intact, except so
federal government.
far as surrenders
—
might be necessary and incidental to
the power and^authority of the National Federal Gov-
ernment
;
colonies,
that
and
trade
whether
intercourse
by land
or
between
the
coastwise navigation,
should be absolutely free ; that power and authority
to impose customs should be exclusively lodged with
the Federal Government
and that the military and
;
naval defense of the entire union should, be entrusted
to the Federal forces, under one command.
The reso-
and byway of giving effect to these
arrangements, recommended the framing of a Federal
Constitution which should consist of a Parliament
lutions further,
composed
of a Senate
and House
of Representatives
of a Judiciary consisting of a Federal
Supreme Court,
which should constitute the High Court of Appeal
It is gratifying to find that the Western public is in Australia, and whose decisions should be final
beginning to see the truth of such statements. The and of an executive consisting of a Governor-GenMaximum Freight Rate Bill in Nebraska, if it had eral, and such persons as might be from time to time
become a law, would have harmed the Quincy more appointed as his advisers these last sitting in Parthan any other carrier, since it has more miles of road liament and their term of office depending upon
That danger has happily their possession of the confidence of the House of
in that State than any other.
been averted through the interposition of the Gov- Representatives.
Sir Henry Parkes, the soul of the
federation
ernor's veto.
The growth of traffic in the "West is so
rapid that if now the roads are only let alone for a movement from the outset, and the framer of
resolutions, sustained the general scheme in
while, they will soon work their way out of the present the
And in this a speech of great force. He insisted on what he
depression and show improved results.
process the special feature of strength which the Quincy called local self-denial and urged the delegates to meet
possesses, through the investment of 44^ million dollars the work in a broad federal spirit. It was not intended
in improvements and debt reduction, as indicated that federation should cripple colonial power or invade
On the contrary, what was aimed at
above, will be a great help, for it will make recupera- colonial rights.
waa a better government for the whole of Australia.
tion easier and more rapid.
On the question of trade Sir Henry was clear and emphatic. Under any form of federation it was absolutely
THE AUSTRALIAN COMMONWEALTH.
necessary that thei'e should be freedom of trade between
There is now a reasonably fair prospect that Austra- the existing colonies. It was equally necessary that
lian federation, of which so much has been said and the right to legislate on fiscal questions should belong
written in recent years, will at no distant day be an to the Federal Parliament
and as to the right of the
accomplished fact. The convention which has had latter to declare in favor of protection as against the
this end in view, and which has been in session whole world, if such was the wish of that body, there
in Sydney, New South Wales, since the first week could be no question.
In regard to the Judiciary Sir
in March, has, according to our latest news, com- Henry was similarly explicit. From the decision of the
pleted its work.
The Constitution Bill was passed on Federal Supreme Court there would be no appeal to the
Monday, and the convention broke up amid great Privy Council in London no appeal outside of Ausenthusiasm.
tralia.
Under the federal union, he wished it to be
All the leading features of the originial scheme have clearly understood, the Queen's authority would have
been approved and accepted; and among the details of the same force as in the United Kingdom.
—
;
—
a secondary or qualifying character, it has been decided
that the Governor-General shall be appointed by the
It is to be borne in mind that the convention was convened not for the adoption of a constitution, but for
Sovereign, and not elected by the people; that the Fed- the framing of a constitution on which the Colonial
eral Parliament shall fix and control the customs, the voters would have the
opportunity of pronouncing their
present colonial tariffs remaining unchanged, until the verdict.
At the same time it is impossible to
federation shall have been accomplished, and the Fed- overestimate the importance
of the work of the
eral Parliament shall have completed the new customs convention.
On their work the entire question of
arrangement; and that the powers of the colonial par- federation depends.
At one time it seemed as if
liaments shall be untouched, except in so far as con- the trade relations of the different colonies toward
cession
a necessity involved in the very principle of
And further, it has been agreed that the
of the confederated union shall be " The Ausis
each other and toward the outside world would
prove an effectual barrier to federal union. Some of
federation.
name
" tralian Commonwealth/'
the colonies were wedded to free- trade principles
'
others were
wedded
to^ protection.
and
Latterly, however.
..
THE CHRONICLR
552
the tide has been running in favor of protection ; and
the feeling has been growing that protection as against
other countries would provide compensation for free
[Vol.
Ul.
RAILROAD GROSS EARNINGS IN MARCH.
The
of the
exhibit of earnings for the
same general character
month
of
March
is
as the exhibits for the
growing sentimonths immediately preceding that is to say, while
found their
there is improvement in the aggregate over the results
and the result has amply
greatest encouragement
for the corresponding month last year, the improvejustified their calculations.
ment is rather moderate both in ratio and amount.
That the federation scheme was not drawn up withYet the showing can not be regarded otherwise than
out the utmost care, and without the most thoughtful
satisfactory, for the comparison is with heavy totals
consideration of all the interests at stake, has been
last year, and all things considering it would not have
abundantly proved by the fact that all its leading feabeen surprising if instead of a gain there had been a
tures have been adopted without diflSculty, some of
loss.
Our table embraces the returns of 140 roads,^
them unanimously and almost without discussion. It
and
these show an increase of $1,400,746, or 4-21 per
was agreed at once that the federation of the colonies
cent, as compared with the same month in 1890.
As
that the Federal
is not only desirable but necessary
March
completes the first quarter of the year, it is inGovernorGovernment shall be carried on by means of a
teresting to note that for this period there is an
General, a responsible Ministry and two IJouses of
increase of $5,245,035, or 5'31 per cent, over the first
Parliament; that to guard and preserve the dignity
quarter of last year.
In view of last season's short
and independence of the smaller colonies every colony
yield of cereals and the other adverse conditions which
shall have an equal voice in the Senate, and that the
have prevailed, this result must be taken as reflecting
balance of power shall be maintained in the Lower
a very encouraging state of affairs with the railroads.
House by representation on the usual basis of popWe have said that comparison is with heavy earnings
ulation.
It has been agreed, with the qualification
in 1890.
The remark applies to March perhaps with
mentioned above, that trade and intercourse shall be
less force than it did to January and February, and yet
absolutely free between the different federated coloour March statement last year was a very favorable one.
nies, and that the Federal Government shall have the
It showed a gain of nearly 2J million dollars ($2,771,sole power and authority to fix the customs duties for
Moreover this folthe foreign trade; and the fact is noteworthy that 154), or over nine per cent (9-07).
against this double arrangement not a single speaker lowed a gain of over 9 per cent in the year preceding,
trade
among
ment
that Sir
themselves.
It
was in
Henry Parkes and
this
—
his friends
;
;
has been agreed that the military the amount of addition then having been $2,492,151.
and naval defense of the country shall be entrusted In other words, the present increase of $1,400,746
to the Federal forces and under one command; and comes after these substantial additions in 1890 and
raised his voice.
It
there was unanimous consent to the appointment of a
Federal Judiciary. Difference of opinion prevailed
for a time in regard to the fiscal powers of the
of Representatives; but
it
that House shall possess "sole powers in originating all
"bills, appropriating revenue or imposing taxation.'
made
as to the
spheres and relative powers of the two
Houses of the Federal Parliament; and the salaries* of
Senators and of Members of the Lower House have been
distinctive
agreed upon.
We are not yet in full possession of all the points of the
finished
work of the convention. On some we
terly in the dark.
It is
Below we give the March record back to
1880.
House
has been finally agreed that
Satisfactoiy arrangements have been
1889.
in
are yet ut-
understood that whereas from
the first there was no diflBculty on the subject of federation for defense, there was considerable difference of
MUeanf.
Ptrioa.
Bamingt.
Tear
Tear
Tear
Tear
Oiven.
Preceding.
Oiven.
PreceAlng
MUes.
MOea.
16,900,308
13,175,
32,208
*3,232
51,622
39,291
15,392
27,967
14,714,288
13,542,
37,738
20,377,285
18,731
47,301
25,836,925
Meh.,1887 (111 roads)
47,069
61,901
Moh.,1888 (107 roads)
M(!h.,1889(12t roads)
Mali.,1890 (15t roads)
Mch..l8»mo (roads)
63,631
71,312
81,904
87,817
Mcb..l880 (60 roads)
Moh.,1881 (42 roads)
Mah.,1882 (53 roads)
Meta.,1883
(66 roads)
Mota.,18Sl (63 roads)
Moli.,1885 (68 roads)
Idob..l886 (63 roads)
The
Increate or
Decreaie.
t
Inc. 3,724,702
36,025
16,345,626
Int. 1,171,356
Inc. 3.646,174
22,085,,780 Ine 3,761,165
17,276,,001 Bk.
930,375
43,624
17,290,371
18,587,,836 Inc.
46.974
68,804
60,621
(»,265
79,953
17.955,075
85,151
28,781,618
25,183,107
702,539
207,847
24,597.,249' Inc. 4,184,370
926,746
28,108,.853 Dec.
17,747 .728 Inc.
28.844,317
26.362,
33,326,43«
30,655,,282Ini:. 2,771,154
.34,644,501
33,243..(Ssl/nc
2.492,161
1,400,746
increase the present year possessess additional
among the individual roads or
systems there are this time few conspicuously heavy
significance because
opinion in regard to the amount of the standing army to gains.
For instance, it is worthy of note that the
to be maintained. Opinion was divided as to whether or Northern Pacific, which for so long a time contributed
not the right of appeal to the Judicial Committee of the gains of several hundred thousand dollars a month, for
Privy Council in London should be abandoned, as the March has only $55,401 gain.
The Canadian Pacific
federation scheme suggests.
How these points have to be sure has an increase of $250,040, but this is the
been settled we know not.
Important and unsettled largest amount of increase there is, and even that ia
questions are connected with the colonial railroads
and much smaller than in February, when the amount of
telegraphs under the federal arrangement; and
the dif- addition was nearly four hundred thousand dollars.
which has been experienced in dealing with the
consolidation of the public debt has been got
over, for
the present, by leaving the question to be
ficulty
settled
the Federal Parliament.
them
The
by
colonial debts (some of
at least) are heavy. In 1889 the figures
were as
Victoria, £37,627,383 ;
South
follows
New
Wales,
£46,646,449; Queensland, £26,500,850; South Australia, £20,435,500
Western Australia, £1,371,981 ; Tas;
mania, £6,019,050 ; New Zealand,
£37,102,891. The
average Australian debt is estimated at
something over
£45 per head ; but of course it varies in different
:
The total Australian debt, including that
Zealand, was in 1889 £174,814,103.
Colonies.
of
New
Besides the Canadian Pacific there are only two other
companies which have as much as $100,000 gain, namely
the New York Central and the Manitoba (or Great
Northern) system. The Central has added $114,917 to
its total of last year.
The company's statement makes
the addition $300,806, but in this the earniugg of the
Eome Watertown & Ogdensburg are included for the
last half of the month in 1891.
We have taken these
earnings out in order to have the figures on the same
basis in both years and make the comparison correct.
On the Manitoba the gain is $108,020, this including
the Montana Central and the Eastern of Minnesota.
Below $100,000 down to $40,000 gain there are
.
Apbil
'
..
THE (^HRONICLK
11, 1891.1
thirteen roads aUoj{t'ther, the following
boinjj;
»
cDin-
plote list of all gains in excess of the latter amount.
KOAM WITH LAROK UAtHR.
CankdUn
$250,040
Paolflc
RiilT
RoohnnUtr A PItU...
Ark. dk Texas...
Now York OentnU
1U.017
Ht. I.ouls
Munllolia (3 TOttdi)
10H,0'J0
Nortbeni Piiclflo
Monterey JkMexlo'D Gulf.
ChloaooMll. ASt Pnul...
Rlohin'd * Daar. (8 r>ds)
Mobile A Ohio
N. Y. Ontario & Wootern
LouiHVlUeN. O. A Texan. 9l,3UU
Cbeiapeake A Oblo
88,258
AtohlMD and Sau Fran* .. '73,950
Norfolk AJVeatem
71.176
Ohioago A Eaat'n UUnola. 62,630
*
:
.
'
55%
reached an aggregate of no
<U1I.<.)7'J
*Ii),hU
.'t.t,!!)!
.M..^:I7
.'^t,i:m
44.205
in the same.
Our asual detailed statement, showing the receipts at each port, is subjoined.
to participate
SOimiBBN POBTa IN MARCH. AMD WWOU
TO APRIL 1, 1891, 1890 A!(D|1889.
RtCCIPT* or COTTON AT
iJ.Ul
JANDART
40.291
1
Por three weeks only.
It will
Xareh.
&
Western.
The list is larger than
that for February, and the March statement of earnings
namely as regards the roads reporting diminished totals. There are
38 of these, but in only two cases is the loss large in
amount, while in February there were no less than 7
distinguished in that way.
The two roads are the
Rock Island and the Grand Trunk of Canada, the one
having lost 1136,123 and the otlier $64,074. The Rock
Island loss may be ascribed mainly to the poor corn
i.'i
bettter also in one other respect,
crop west of the Missouri River.
SinM Jimuarv
1.
PorU.
be observed that Southern roads are rather
1890.
1891.
prominent here, and that the list also inoludea two Oalraaton
n Paso, Ao
Southwestern systems, namely the Atchison with the New
Orleans
Mobile.
St. Louis & San Fradcisco, and the St. Louis Arkansas
riorUla
& Texas, besides two or three other roads in other parts SaTaunah
Bmiuwiok. Ac
of the country, like the Chicago & Etistern Illinois, the
Cbarleston
Port Roral.Ao.
Buffalo Rochester & Pittsburg and the New York
Ontario
than 385,28f) balei,
loss
only 172,291 bales.
The increase was vprr
general too, only a few very minor points having failed
ajiCainst
bale*.
89.880
Washington. Ac
West
Point,
Ao
ToUJ
»,41«
1800.
ias».*
141.402
10.782
US,*1T
U.778
402.471
47.020
11.648
166.888
80.812
80,886
476,00»
05.070
9,oe«
486
4.048
80,719
1,171
1,720
1M9
168.488
72,707
18.738
«>n)
92,084
10,470
418
1,082
8.8U
2344
08.818
9.891
20,872
8.880
81
2.883
28,105
80,960
12,684
249.329
80.842
14
31.481
28,278
888.280
89,006
1891.
179,908
18,088
012,287
78.488
7,180
Norfolk.
1889.
8.4S4
700
2
40.708
122.322
18"
87.920
18,789
1,018
87.916
101.180
28
1,279
13.116'
17.438
171,681
ie.08l|
48.914
188,178
178»l' 280.888
184J06
79,78*
73,8M
1,64S
106389
191.086
1,004.988 1.130.008 1340,880
In this larger cotton movement we see one of the
which operated in favor of increased earnings during the late month.
But the conditions were
influences
Some, indeed, were decidedly
and foremost was the great contraction
in the movement of corn, from the effects of which
the Burlington & Quincy, the Rock Island and the
not
all
of this nature.
adverse.
First
Atchison appear to have especially suffered. Besides
drawback, the weather conditions were in acme
As regards the good exhibit made by Southern roads, cases unfavorable. This is particularly true of the
the increase of $91,392 by the Louisville New Orleans South, where wet, rainy weather prevailed a good part
& Texa.s follows in part from the fact that the tracks of of the time. It is proper to add, however, that in
the road were under water in certain districts last year, March last year there were also heavy storms, with exhaving been inundated by the overflow of the Missis- tensive overflows of the leading rivers particularly
ROADS WITH LARGE LOSgE9.
Qraml Trunk
OhloagO Rook lard 4 Pac.$l36,l23
sippi.
But there
|
of Canada.. $64,074
the Mississippi and the Ohio
are other large gains not accounted
& Ohio reports
Norfolk & Western $71,176
increase, the Blobile & Ohio $42,144 increase, and the
Richmond & Danville system $44,205 increase. On the
Chesapeake & Ohio the $88,258 increase this year is in
addition to no less than $132,517 increase last year, and
the other roads mentioned too, with one exception, had
for in this way.
Thus
$88,258 increase,
gains last year.
serious interruptions
the Chesapeake
the Louisville
&
to
—and
traflic
—
that this caused
operations
on many
But the roads
which suffered in this way were not all the same in the
two years, nor was the extent of damage the same.
The Louisville New Orleans & Texas we have seen,
lines in different parts of the country.
the
On
this
running parallel with the Mississippi River, fared a
great deal better this year than last, there having been
no such extensive overflows as in 1890. The roads
Nashville, the
South Carolina, and several other roads, while the around Chattanooga, on the other hand, like the
improvement now is not heavy, it is yet encouraging, Chattanooga Union, while suffering from high-water
following as it does improvement in the years preced- and heavy rains in both years, appear to have susing.
There are 10 Southern roads (out of 40) which tained greater interruptions the present year than last.
for March, 1891, report a decrease in earnings, the East
In Colorado and the Rocky Mountain regions there
Tennessee and the Memphis & Charleston among the were during the late month some snow blockades
number, but the decrease is in no case large. The which interfered seriously with railroad operations.
following furnishes a six-year comparison for some of The Denver & Rio Grande was affected in that way
the more important roads.
It reflects striking growth. all through the month, and its decrease in earnings
EARNINGS OF SOUTHERN GROUP.
follows
entirely
from
that circumstance.
The
Colorado Midland suffered in like manner.
Besides
.Vorck.
1891.
WW.
1889.
1888.
1887.
1880
this the Atchison had its traffic interrupted early in
t
t
t
I
t
t
Cbesapeake AOhio
089.782!
871.824
430.007
436.593
402.1891 »38:).181
the month by the floods in California.
Cli««.Ohlo*8o.W.
174.3081
184.320
100.081
160,028
I39.001
162.2021
an.N.O.ATex.P.« 0078.418
In reviewing the results for February we pointed out
068.373
935.307
575,041
472.398
620.1201
. Tann.Va. .t 0». 878.299 883.900 509.900 444.017
414.382
344.083
that,
owing to the failure of the ice harvest last year
LonlsTllle A Nub. 1,844,980 1.818.177 1.470.878
1,261,202 1.327.519 1.103.985
Ix>alsT..V.O.ATex.
280,280
194.81J8
220.512
182,468
128.010 on the Hudson and at other points where ice is usually
107.853
Memphis ACbar..
131,388
185.231
143.448
iir,.in
124.618
127.818
Mobile A Ohio
gathered, supplies were brought in from new and un287,840
245.390
2S7.0S2I
lil.;.152
203.683
189.400
Norfolk *We»M..
002,
020,g»7
508.811
:(.<..J7T
840.142
480.374
expected quarters, usually quite remote from the
Rleh.ADanT.Kjst. 1,105,100 1.000.895
979.089
828.095
778.313
South Cvc/liiui....
181,380
142.780
120.390
11:1.937
points of distribution and consumption, and that the
119,863
114.008
Total
0.282,830 8.8B8.49I S.5ie,086< 4.860.492 ToflO."! 4.1111.820
effect was to add materially for the time being to the
KnUre sTatem.
t Includes Scioto V«Uer A New England and Shenandoah
earnings of the roads over which the ice was shipped.
Valler for all the years. 5 Richmond A
AlIeRhanr esUmated.
o Courtb week not reported eamln«s taken
same as last year.
The same explanation must be made with reference to
It is hardly necessary to say that Southern roads the the
results for March, more particularly in the case of
present year had the advantage of a larger cotton the roads running to or connecting with Northern
movement. The shipments overland in March, 1891, Michigan. In March, 1890, the Flint & Pere Marwere 100,140 bales, against 88,258 bales in March, quette earned from the transportation of ice $54,400
1890, and .the receipts at the Southern outports in March, 1891, the earnings from the same source
1
m
riJ.-..ia9
;
;
_
;
THE GHROKICLK
654
were but $200.
The
Manitoba and the Milwaukee & St.
from an increased move& ment of that kind. Still, the increase in the wheat
item therefore will
loss in this
that
cover the loss of $17,765 in the total earnings of
road three times over.
LVoL. Lll,
The Toledo Ann Arbor
North Michigan lost in a similar manner the present
year, and the decrease on the Urand Eapids & Indiana
in
is presumably due to the same circumstance, though
that case we have no precise information.
In the matter of rates on freight and passengers, the
roads west of Chicago at least were better off this year
than last, since while tariffs in 1891 have been on a
to roads like the
Paul, which get great benefits
arrivals is not confined to the spring-wheat markets.
The winter-wheat
points, like St. Louis, Toledo
show enlarged
Detroit, also
This
receipts.
and
may be
taken to be the result both of the high prices prevailing and of the good prospects for the growing wheat,
inducing farmers to forward their old supplies freely.
table gives the grain movement in detail
The following
points.
It will be observed that all had
fairly remunerative basis, in 1890 there were cuts not at the various
only in freight rates but a passenger rate-war prevailed increased receipts of wheat in March with the single
But the advantage in this respect exception of Duluth.
at the same time.
GRAIN FOR FOUR WEEKS ENDED MARCH 28
was offset by the great contraction in the movement of RECEIPTS OF FLOUR AND
AND SINCE JANUARY 1.
grain the present year, or more accurately the con-
traction in the
regards the
movement
traffic in grain,
The
of corn.
JPtow,
situation as
provisions and live stock
Wheat,
Com,
(i)U»ft.)
Ibuah.)
Oatt.
(bush.)
Barley,
(bvuh.)
Rv*,
is
well reflected in the following statement in our usual
form, showing the receipts at Chicago.
4 wks. Mch., 1831
4 wks. Mch.. 1891)
Since .Jan. 1. 1891
Since Jan. 1,1880
291,070
320,907
906.564
4aS,173
1,046,703
1,158,311
2,40.1,994
9,185,98=1 2,829.715
ll,024„'i57 11.811.1,56;.
1,815,277
31,026,680 10,703,086
212,107
270,423
,573,062
69.800
30.181'
143,0011
838,168
378,095
1,445,029
1,235,023
223,720
189,68C
1,021,000
643,000
118.654
10^.594
314,049
337.020
981,021
539,59£
l,997,59f
1,763,48;
6,089,27:
21,315,48f
3,047
7.287
163,33f
lll,50i
313,603
129,211
326,01(
1,788,571
810,281
5,869,000
12,885
14,910
91,56.'
340,26!
300,53.
lf4,688
138,972
432,136
22,773
48,112
129,902
163,612
1,967
3,910
4,087
20,337
1,101,000
771,000
2,881,000
3,093,000
74,400
124,800
375,600
454,400
21,460
10,450
61,600
55,000
4,144,417
4,216.878
840,0419,57,032
3,329,068
3,733,02(
235,751
145,887
674,765
606.373
387,760
471,0 «
1,568,080
1,687,00C
178,186
81,720
406,971
232,990
130,200
192,950
590,100
43,364
68,080
70,854
824.013
66,305
3,600
17,302
10,400
20,802
4.586
7.872
10,619
20.578
120,688
79.444
336.370
438,053
38,811
91,140
169,088
392,131
MHiuaukee—
KECEIPT8 AT CHICAGO DCKISG MARCH AND SINCE JASCARY
March.
1891.
Wheat;bush.
Com... bush.
951,079
1890.
Since Jamtary
1889.
1891.
1830.
1.
1.
1889.
718,974
2,300,709
1.606,192
1,805,093
3,995,950
10,765,970
21,628.355
12,048,456
2,710,839
11,682,668
10,607.311
8,243,400
4,321,596
618,837
10,016,178
Oats., bush.
Bye., .bush.
Barley.busb.
4,511,443
3,083,671
212,999
153,888
56,168
647,608
580.947
295,829
87»,942
1,038,280
1,007,649
3,187,565
3,871.538
3,512,951
Total grain
iTOur.. bbls.
10,037,029
14,809.003
8,518.580
28,474,629
38.092,340
25,935,529
320,246
339,830
238,379
1,011,713
Porlt....bbl3.
6,645
484]
20,574,250 26,403.878
5,374
4,942
18,194,810
75,688,123
78,717,315[ 62.419,223
8,123,341
10,241,283
8,763,823
26,482,922
33,404,765: 22,601.930
881,902
634,086
429.550
2.861.035
Catm'ts.lbs.
l-ard
lbs.
lilTehogsNo
1,119,5771
14.681
1.905,72o!
866,277
13,899
1,472.726
Eoughly speaking, the grain receipts this year aggregate four million bushels less than in March, 1890.
In corn the decrease is about 5 2-3 million bushels,
but this was in part offset by increased arrivals of
wheat and oats. The gain of nearly l^- million bushels
in the latter cereal may seem surprising in view of the
short crop last year, but the very high price which oats
command is a great inducement to forward to market
every bushel that can possibly be spared by the farmer.
As
against the falling off in total grain receipts, there
were, it will be seen, increased arrivals of hogs, 861,-
Mch., 189]
4 wks. Mch., 1830
Since Jan. 1, 1891
Since Jan. 1, 1890
«t.Ii<mi*—
4 wks. Mch., 1891
4 wks. Mch., 1890
Since Jan. 1, 1891
Since Jan. 1, 1890
4 wks.
TnUin—
808.48:
2,251,030
7U.930
6,835,07,'
70i,470
2,167,056
2,502,160
I
4 wks. Mch., 1891
4 wks. Mch.. 18:to
Since Jan. 1,1891
Since Jan, 1, 189ii
JJetrott-
10.67.-
27,274
4 wks. Mch,. 1891
4 wks. Mob.. 1890
Since Jan. 1,1801
Since Jan. 1,1890
12,67f
17,096
46,180
380,729
210,546
743,129
702,628
1891
1890
1891
1890
28,197
23,335
122,331
84,660
197,836
187,400
6?5,092
610,933
63,030
00,537
410,398
182,416
4 wis. Mch.. 1891
4 wks. Mch., 1890
14,5.50
88,500
70.000
281,000
S20,500
973,900
1,081.301
3,230,500
4 wks. Mch.,
4 wks. Mch.,
Since Jan, 1,
Since Jan. 1,
358,000
37.!>8;
Peorta—
Since Jan. 1, 1S91
Since Jan. 1,1890
Dututli—
4 wks. Mch., 1891
4 wks, Mch., 1890
Since Jan. 1, 1891
Since Jan. 1, 1890
Minneavnlis4 wks. Mch., 1891
4 wks. Mch., 1890
Since Jan, 1, 1891
Since Jan. 1, 1890
Tntni rtf nV4 wks. Mch., 1891
4 wks. Mch., 1890
Since Jan. 1, 1891
Since Jan. 1, 1890
10,875
42,000
20,900
72,663
i07,709
628,528
821,491
1,583,885
1,372,310
533,148
5.371,601
28,701'
739,04:
503,786
304,639
1,007,878
839,745
610.851)
78,'"
4,027,460
3,818,830
12,050.935
8,238,868
680,304
827,080
2,380,336
2.617.730
7,947,639
6,653,628
21,474,257
18,097,837
7,918,741 6,686,069
19,705,667 6,046,140
21,089,266 18,973,426
68,105,768 18,650,068
l,487,47i>
485,203
1,902,036
8,193,076
0,941,631
308,590
1,238,806
1,107.281
902 head being received in March, 1891, against only
Besides showing the augmentation in the wheat
534,086 head in March, 1890. Taking the live-stock movement, this statement also indicates clearly the
movement as a whole, we find, according to a statement extent of the falling off in corn. We saw further
given by the Chicago correspondent of the Evening above that at Chicago the decrease in receipts was over
Post, that 26,272 car-loads altogether were brought in five million bushels, but if we take the total of all the
in the month this year, against 22,385 car-loads last year. Western ports the receipts in the four weeks of 1891
Ths Atchison line delivered only 984 cars against aggregate only 7,918,741 bushels, against 19,705,557
and the St. Paul 3,751 against 4,021; but all bushels in the four weeks of 1890. Of course th«
the other large carriers delivered increased amounts— movement last year was exceptionally heavy, but that
the Burlington & Quincy, 6,273 against
5,617; the does not alter the fact that there was a falling off the
Northwest, 6,421 against 4,538 the Illinois Central, present year of nearly 13 million bushels. This loss
2,479 against 1,777; the Eock Island, 2,741 against was offset to the extent of
2J million bushels by the
2,361 ; the St. Paul & Kansas City, 1,114 against 700
increase in wheat and to the extent of 1^ million
1,270,
;
the Alton, 1,062 against 916 ; and the Wabash,
St. Louis received
913 bushels by the increase in oats.
against 680.
On the other hand, the table above only 2,251,020 bushels of corn in the four weeks of
«how8 that the receipts of provisions at Chicago during
1891, against 6,835,075 bushels in 1890, and Toledo
March, 1891, were materially less than in March,
1890 received but 325,019 bushels, against 1,763,571 bushels,
—of pork, only 484 bbls. against 5,545 bbls; of while Peoria and Detroit also lost more or less.
cut-meats, 20,574,250 lbs. against 26,403,878 lbs.,
and
In view of the heavy loss at these various places, the
of lard, 8,123,341 lbs. against 10,241,283 lbs.
exhibit made by the trunk lines and the roads in the
Looking at the grain receipts at other points, we find
Middle Western States must be regarded as very good.
that Minneapolis received 4,027,460 bushels
of wheat The Ohio & Mississippi, the Wabash, the Baltimore
in the four weeks ending March, 28,
1891, against only Ohio & Southwestern, the Grand Trunk of Canada, and
2,848,830 bushels in the corresponding four weeks
of several of the Michigan roads (the latter having lost on
1890.
At Duluth there was a falling off, but it was
the ice traffic), report a decrease in earnings, but the
less than 200,000 bushels.
The great gain at Min- New York Central, we have seen, has $114,917 inneapolis reflects the better spring-wheat crop,
and shows crease, and most of the other roads in the Middle and
what an advantage that circumstance must have been
Middle Western States also report im'proved results.
...
April
. ..........
1
1
CHRONICLE
THi:
11, 1891.J
:
555
While the Northern Pacific this time has only a comincliulos 55 roads altogether from tliat
and of these 39 ehow gains and 16 losses. Tlie paratively small increase, the Paciflo roads as a rule
the Canadian Pacific of conrso very
decrease on the Wabash is $33,010, but last year have done well
Mackay
road.s—
The
Rio Grande Western has enlarged
The
decidedly
so.
gain
of
134,254.
the road had a
Peoria Decatur & Evansville, Louisville Evausville & its earnings from $09,090 to 1101,850, or nearly 60 per
present quite favorable returns, and it cent, the figures covering only three weeks of the month.
St. Louis, &c.
BARNuras or oahadiav facifio and RORTHBRIC FACinO.
is stated that these roada run through about the only
18»0.
1801.
1888,
1888.
sections where there is any corn of consequence left
1887.
18M.
»
»
I
t
t
$
The Chicago & Eastern Illinois confor shipment.
1,484,000 1,S83,»«0 1.128.628
968,623
719,266
e3S,T«S
Canadian PaclDc.
tinues the heavy gains for which it has so long been Northern PaclQc. 1,731,981' 1,670,680 1.626,»«4 1,207,176 1,080,678 858,118
Our statement
section,
—
—
Among the coal roads to Buffalo the
& Pittsburg has increased its earnbut on the other hand the Western New
distinguished.
Total
8,116,081
Buffalo Rochester
ings heavily,
York & Pennsylvania reports a slight decrease. The
latter had a large gain last year, the former did not.
TaCVK
LINES,
March.
AND MIDDLB ASD HIDDLK WESTERN
1890.
1801.
1889.
Balt.JtO. Southw.
Buir. Koch. & Pitt.
CblcacoJkEut. Ul.
ChlcA West. Mich.
CI. Cin.Chlc* 8t. L
Col.Uock.V.iTol.
Det. Lansing A No
EraiuT.ft Terre H.
FllntAP. Marq....
Grand Rap. k lad.*
Gr. Trunk of Can.t
Lou.BTans.&
St.L.
Louts. N.A. i. Chlo.
N. T.Cent.AH. B..
Ohlo*Mluls9lppl.
PlttsburK * West.
Bt.L.A.iT.H.br'B..
Tol. & Ohio Cent.
Wabasli
West. N. r.
4
Pa.
Total
* All
Unes.
*
188.803
200,115
151,072
213,0U
826,381
263,755
131,089
183,766
1,080,74* 1,027.316
824,681
213,023
88.388
101,813
90.807
79,616
274,081
291,270
236,665
257,009
283,181
255,066
1,110,339 1,480,413 1,451,970
118.045
98,216
04.534|
211,503
176,299
194,711
3.001,439 2,046,522 2,861,509
331,534
854.708
309,563
168.161
172,464
183,947
85,316
108,185
98,983
115,180
100,235
78,135
922,095
1,023,339 1,056,349
279,800
284,777
233,314
1886.
0.890.128
t
Pour weeks.
0,527,582
i
t
8.963.757
Chicago
&
183.905
160.688
197,888
133,056
983.979
227,607
106,214
72.250
236,973
255,769
165.634
166.680
205.974
116,116
909.937
182,335
77.392
64,053
208.474
242.898
1,258,887
72.221
1,636,881
of Soad.
1891.
*A.tch Top. &S. Fe..
•R'dsJ'ntly own'a, "a
t
188.079
120,308
H43,023
129.256
816,980
170,480
101,710
68,055
201,677
20J,017
1,228,262
* San
Fran.
*R'd8j'tlyown'n,'a
Atlanta & Florida
Atlanta A West Point
BaJt.
L.
A
Ohio Southw.
Birm'ham
Atlantic
<&
Buff. Roch.
&
Pitts...
Burl. Ced. Rap.& No.
Canadian Pacific
C.Fcar A. Yad. Val...
Cbattanooi;a Union..
Chesapeake & Ohio..
Ches.O. &8o.We3t'u.
Chlc. & East. Illinois.
Chio. MUw.&St. P...
Chlc. R. I8l. & Pac...
Chic. St. P. & Kan. C.
Chlc. & West Mich...
Cin.Geoig. & Ports.
Cln.Jaclt. & Mack
02,343
204.214
141,972
2,019,810
2,759,288
390,607
306,759
160,683
74,487
76,662
78.837
70,658|
933,4041 1.240,420
227,983!
217,319
118,726
•CIn.N.Orl.&Tcx.P.
60.410
55,952
•Ala. Gt. Southern..
'N.Orl. A Northeast
"Ala. & Vicksburg.
162.608
2,810.600
202,020
72,897
.
128.378
8,417..539l
9.485.606
1.022.813
204,743
8,107.485
Indiana Coal not Included here.
'Vtcks.Shrev.&Pao.
Cin. Northwestern...
Cin. Wab. <fe Mich....
*01ev. Akron* Col...
Clev.Cin.
Ch.&St.L.
Peoria & East.Div.
Cleveland & Marietta
'Colorado Midland. .
Northwestern roads show diminished earnings in the
case of 6 out of 20 roads, the Rock Island, the St. Paul Col. Hock. Val. & Tol.
& Macon.,
& Kansas City, thp Milwaukee Lake Shore & Western, Covington
Denv. & Rio Grande.
Des Moiucs &. North.
the Milwaukee & Northern, the St. Paul & Duluth, Dos
M. & N'western..
Bay City Alp..
and the Wisconsin Central being the six in question. Det.
Det. Lansing & Nor
So. Shore &Atl..
The gain on the Manitoba system ha3 already bean Dul.
E. Tcnn.V,'i.& Ga....
alluded to, and the "Soo" road also has quite a large Evans. & Indianap.
Evansv.&T. Haute..
increase, while the Milwaukee & St. Paul, the Burling- Flint &PereMarq....
Florida Cent.
Pen.
ton Cedar Rapids & Northern and the Iowa Central Fort Worth & Kio Q..
Ga. South. & Florida.
have likewise done well.
Gr.Riipids & Indiana.
Cin. Rich. & Ft. W.
<Si
.
.
>fe
EARNINOS OF NORTHWESTEKX
1890.
1891.
~T~
t
Burl. Ced. R. A No
Clilc.Mil.4St.Paui
Chlc. B.I. 4 Pac..
Iowa Central
MU.L.S.4We9t...
Xllwaukee 4 Nor.
Minn. 4 St. I^oul.^.
St. Paul & Duluth.
8». P.
Minn.* Man.
Wisconsin Central
Total
•
1839.
~T
Other lines
I,I>fE3.
1888.
1887.
$
V
1880.
I
300,571
270,
2,131.893 2,077,
1.219,833 1,355,
152.078
137,
236,148
258,
131,691
133
131.240
130,
108.143
112,
737,478
673,
387.381
396,
228.259
2.019,897
1.442,709
117,180
246,999
209,597
1,930.889
2.212.0871
1.530,343
1,343.158 '1 .229,2<i9
97,396
109,536
83,144
642,552
85,204
100,181
02,581
736,720
294,458
6.639,480
5.320.119
Not including the
lines
5,547.421
286,875
241.943
2,,033.611
tGr. Trunk of Canada
tChlo. & Gr. Trunk..
tDot. Gr. Hav.
Mil
Gt. No. -8. P. M.
M.
Ea.steru of Minn
Montana Centr.il..
&
&
. .
Humestou & Shon
...
133.315
247,705
85,474
163,071
83,783
679.803
342,700
67,731
Ind. Dec. & West'n..
Interuat'l& Gt. No..
Iowa Central
Iron Railway
142.712
Jack'villc Southeiist.
82,376
..
5,270,710 15.582.759
4,821.112
124,312
168.438
,332,417
iii,ej8
149.138
801.910
170,791
west of Missouri Birer.
Kanawha & Mich..
Kan.
Kan.
Kan.
& Spr
& Mem.
C. Clin.
C. Ft. 8.
C. Mem.
. .
& Bir.
Keokuk & Western.
Lake Eric All. & 80..
Lake Erie h Western
Loliigh & Ilud. River.
In the Southwest the Atchison has a gain after a loss Little Rock & Mem..
Island
in February, and the St. Louis Arkansas & Texas shows a Long
Loulsv. Evans. A St.L
Loulsv.
iL Nashville..
very decided augmentation. The Colorado Midland and
Louis. N.Alb.A Chlc
Lou.
Orl.
&, Texas.
N.
Denver & Rio Grande have lost by reason of the snow Loulsv.
8t. L. & Tex.
Lynchb.
& Durbam
storms, and the Kansas City Fort Scott & Memphis and
Memph. A Char'ston.
Kansas City Clinton & Springfield have lost presumably Mexican Central.....
Mexican National
•Mexican Railway...
because of the smaller corn traffic.
.
EARNINGS OF SOUTHWESTERN GEOUP.
Sfanh.
Denrer 4 Rio Or
K. C.
.
Kt.S.4Mem.
Mo. Kan. 4 Teias.
Rio Grande West...
Bt. L. Ark. 4 Texas
Bt. L. 4 8anFran..
Teias4Pac*ac....
Total
1891.
1880.
1880.
1
t
1
558.000
401.421
a5S6,485
690,700
421,455
651.152
0144,800
327,145
0608,736
112.090
286.334
493407
605.162
490.466
579.608
888,740
612,613
108,537
211,167
435,349
600.832
1838.
1887.
I
t
641.816
342.227
485,719
603.376
414,607
607.176
105.001
202.121
446.136
621,160
81.546
182,8C0
664,407
622,565
1888.
t
407,183
351.429
285,9i)6
83.868
143.486
359.082
361.053
Mllw. L.BhoreAW...
Mllw. A Northern.. ..
Mineral Range
Minn. A8t. Louis
Minn.8t.P.A8.8teM.
*Mo. Kans. A Texas..
•Kansas City A Pac
Mobile & Birniing ...
Mobile A Ohio
Monterey A Mex.GiUf
New Orleans A GiUf
3,000.747
2,919.310
2.781.346
2,614,521
3,069.636
2.061,987
1,016,161
102,708
327,055
100,i)34
8,871
36,538
188.803
4,539
213,014
300.571
1,484,000
51,425
7,000
6.59,782
174.365
326,381
2,131,893
1,219,863
364,164
131,999
4,677
65,698
222,682
96,013
56,547
30,568
28,590
1,219
50,961
50,838;
1,060,744
134,0151
30,901
99,348
224,6811
10,678
56S,000
8,973
17,284l
37,000
88,388
122,592
573,2991
27,3391
90,207
274,984
125,392
16,776
53,917
19ti.956,
39,279
20,774
1,416,339
311,253
86,303
737,478
52,789
92,310
13,500
36,510
283,674:
152,078,
3,8031
85,144i
26,375,
27,213
401,421
97,094
31,734
5,811
251,445
32,449
48,957
239,756
118,045
1,544,930
211,503
286,260
33,705
13,000
131,388
645,784
352,493
247,096
236,148
131,694
10,300
134,240
163,544
417,1,59
18,713
20,541
287,540
72,637
11,621
N.Y.Cent.AIIud.Riv. 113,061,439
35,241
228,645
Norfolk ,v Western.
692,173
1,731,981
Northern Paciflo
OUoA Mississippi... 331,534
N. Y. A Northern
N. Y.Ont. A West....
.
• ronrth week not reported; earnings taken same as last year.
1,498,881
T749.984
mieage.
1890,
Inereatt or
DecrKut.
1891,
1890,
ROAD!l.
1887.
t
162,332
152.316
207.367
129.165
1,081,203
174,185
97,431
68,690
«,765,617' 2,176,699
aro$i Earnina$.
Kame
St.
t
2,010,641
GROSS EARNINGS AND MILEAGE IN MARCH.
1,568,218
91.631
323,481
89,573
8,467
+47,943
6,527
6,528
+ 11,07''
587
582
+ 11,381
536
105
87
281
32
304
526
105
87
281
23
304
1.046
5,568
1,046
5,407
338
43
931
398
436
296
43
931
398
436
+ 3,574 1,329 1,329
+ 404
124
3(i,293
—11,252
—2,425
200,115
6,964
151,072
270,864
1,233,960
48,352
7,724
571,524
154,320
263,755
2,077,754
1,355,986
378,034
123,766
3,833
+ 61.972
+ 29,707
+ 250,040
+3,073
—724
+ 88,258
+20,043
+ 02,026
+54,139 5,703 5,678
—136,123 3,355 3,339
—13,870
863
863
489
40R
+ 8,233
42
42
+ 814
344
344
+ 18,423
336
336
12,356
295
295
+ 1,014
-1,416
196
196
143
—1,084
143
170
170
+ 140
-197
8
8
165
165
+ 611
194
194
+ 5,606
47,275!
210,326
94,909
57,903
31,652
28,450
1,416
50,350
45,232
1,027,316
136,980
21,585
101,326
213,022
11,852
590,700
7,947
15.795
46,565
101,843
115,235
583,960
23,510
79,516
294,270
97,498
8,698
52,654
229,151
41,581
18,447
1,480,413
292,213
83,433
673,591
29,975
70,991
11,656
35,709
274,272
137,6,50
3,537
60,084
20,7521
37,466|
421,455;
102,6261
28,750
5,727
248,871
26,824
39,108
220,190
94,534
1,518,177
194,741
194,868
25,026
5,171
135,231
560,330
327,303
229,684
258,017
133,744
7,767
130,114
130,273
415,826
17,031
17,910
245,396
18,100
11,003
2,946,522
43,665
188,394
620,997
1,676,580
354,708
I
+ 33,428 1,714 1,714
—2,965
353
353
287
325
107
—22,700 1,575
1,496
-1,174
.
105
105
350
327
107
+9,316
—1,978
+ 11,059
+ 1.026
+ 1,489
42
115
232
323
571
+ 26,753
+ 16,762
+ 91,392
+ 8,679
+ 7,829
2,314
3,196
537]
537
668
121
61
330
42
115
—9,565
232
333
—13,455
565
+7,357
—10,661 1,359 1,131
150
150
+ 3,829
156
156
+ 10,691
—19,286
625
625
574
574
27,894
+
113
40
+ 8.078
339
285
6,263
+
—32,195
409
409
—2,305
86
86
72
72
+ 2.327
—61,074 3,487 3,487
335
+ 19,040 335
189
189
+ 2,870
+63,887 3,010 3,006
71
71
H-22,814
178
179
+21,319
05
95
+ 1,814
152
152
+ 801
825
+9,402
825
509
509
+ 14,428
20
20
+ 206
415
316
+ 25,000
143
142
+ 5,623
163
—10,253
163
—20,031
671
671
—5,532
275
375
143
148
+2,984
61
61
+ 84
732
722
+ 2,574
90
90
+5,628
135
135
+9,849
361
361
+ 19,566
321
386
+ 23,511
800
121
115
—3,843
330;
—14,546 1,527 1,537
+25,190 1,218 1,318
393
293
+ 17,412
699
—21,869
699
—2,050
362
303
17
17
+2,533
363
363
4,126
H
805
805
+33,269
+ 1,333
1,661
131
+ 2.631
150
687
298
65
+ 1,682
+42,144
)
54,537
+ 618
+ 114,917
—8,424
1,465
61
1.650
131
150
637
100
65
1,430
61
371
+71,176 1,077 1.024
+55,401 4,237 3,651
623
—23,174
623
+ 40,291
435
.....
....
....
......... ...
I
'
THE CHRONICLE.
656
Mileage.
Orou Eamingi.
Name of Road.
1S90.
1891.
Ineretae or
18r91.
Decrease.
Name
14,528
15,854
726
1,122
39,381
44,745
50,980
52,677
15,803
22,835
60,650
71,623
3.202
3,789
172,464
168.164
19.750
20,369
Quln. Omaha &K.C..
476,500
507,400
Bichmond & Danville
175.600
184,600
Virginia Mid. Div.
85,400
86,850
Char. Col. & A.Div.
81,270
78,950
Col. &Greonv.Dlv.
81,150
Div.
85,000
Car.
No.
West.
141,400
140,500
Georgia Pac. Div.
8,600
9,800
Wash.Ohio&W.Div,
10,975
12,000
Ashe. & Spar. Div..
69,090
101,850
Western
Grande
•Rio
7,016
7,362
Bag. Tuscola & Huron
98,983
108,185
Bt. L.Alt. &T.H.Brs.
266,334
327,145
Bt. L. Ark. & Texas..
112,718
108,143
Bt. Paul&Duluth....
49,554
54,103
BanFran. &No. Pac.-i
23,034
39,000
Mont.
Amer.
&
Bav.
28,601
23,965
BeattleL. 8h. &East.]
142,756
151,380
South Carolina
15,307
13,713
Tennessee Midland..
499.436
495,107
Texas & Pacific
2,681
3,638
Tex. Sab. V. & North.
104,348
96,927
Tol. A. Arb. & N. Mich
25,882
28,614
Tol. Col. & Cinn
100,235
115,480
Tol. & Ohio Central.
73,180
71,314
Tol. Peo. (fewest
122,421
135,621
K.
City
L.
&
St.
Tol.
Wahash (consol. sys.) 1,023,339 1,056,349
39.379
42,701
Western of Alabama.
284,777
279,800
West. N.y.&Penn. ..
97,194
90,981
Wheel. & Lake Erie..
387,381
396,983
Wisconsin Central. ..
Ohio & Northwestern
Colum. & MaysTUlei
OhloBlver
Ohio Southern
Ohio Valley of Ken
Peo. Dec. & Evansv.
PitU. Marion 4 Chic;
Pittsb. & Western. ...\
+ 1,697
+7,052
108,
+ 396
. .
]
+ 5,361
106
19
209
128
108
254
23
367
134
254
+ 10.973
25
+587
—900
.
393
298
292
518
50
70
369
67
242
393
298
296
566
50
70
386
67
242
+ 1,450
+ 3,850
+ 1,200
+ 1,023
+316
+ 9,202
+ 15,966
-
Memphis & Charleston
Me xican
6,033,645
329,620
1,280,308
322,886
29,944
130,096
543,989
14.192
584,821
818,156
Canadian Pacific.
4,187,715
160.832
Cape Fear & Yad. Val
Chattanooga Union
23,032
Chesapeake & Ohio
1,937,520
568,331
Chesap. Ohio & South w.
Chicago & East. Ill
895,216
5,957,082
Chic. Milw. & St. Paul..
Pac.
Rock
Isl.
&
3,340,222
Ch'c.
928.846
Chic. St. P. & Kan. City
Chic. & West Michigan.
363,290
Cln. Qeorg. & Ports
12,880
Cin. Jackson & Mack.
186.750
•Cln. N.O. & Texas Pac.
907.933
•Ala. Great Southern
403,877
'NO. & Northeastern.
249,929
•Alabama & Vicksburg
140,373
•Vicksb. Shrev. & Pac.
139,485
Cinn. Northwestern
4,906
Cin. Wabash & Michigan
138,543
•Cleve. Akron & Col
186,415
Clev. Cin. Chic. & St. L
3,124,894
Peoria & Eastern
372,091
Cleveland & Marietta, .
81,217
•Colorado Midland
410,160
Col. Hock. Val. & Toledo
614,553
Covington & Macon
35,974
Denv. & Rio Grande
1,753,627
.
.
.
.
.
Des Moines & North'n..
Des Moines & Northwest
Del. Bay City & Alpena
Det. Lansing & North'n.
DuluthSo. Sh. & Atl....
East Tenn. Va. & Ga . .
Evansv. & Indianapolis.
Evanev. & Terre Haute.
Flint & Pere Marquette
.
& Penln..
Fort Worth & RioGr".
Ga. Southern & Kla
Gr. Raiiids & Indiana.
Florida Cent.
.
Ciu.Rich.A Ft. Wayne.
Other lines
tGr. Trunk of Canada..
1Chic. &Gr. Trunk....
tDet. Gr. H. AMllw...
Great Nor. Bt. P. M.& M,
Eastern of
M
Montana Central
Humeston & Sheuand'h.
Ind. Decatur & West
Great Northern
Iowa Central
Iron Railway
Jacksonville Southeast.
Kanawha & Michigan
Kan. City
Kansas C.
Kan.
.
&
Clin.
Spr. .
Ft. 8.4 Mem.
City Mem.
Bir.
&
Keokuk & Western
L. Erie Alliance
&
So.
. .
I
Central
Mexican National
* Mexican Railway
Mllw. Lake Sh. & West.
Milwaukee & Northern
'
I
Mineral Range
Minneapolis & St. Louis
Minn. St. P. & S. 8te. M.
•Missouri Kan. & Tex...'
•Kansas City & Pacific
Mobile & Birmingham
I
.
I
.
+406
124
313
133
90
247
135
—4,349
1,497
1,497
+9.57
38
286
72
235
247
451
286
72
235
247
451
+364
—7,421
+2,732
+ 15,245
38
Northern Pacific
Ohio & Mississippi
Ohio & Northwestern.
Columbus
TO MARCH
1890.
Increase.
&
'
'
.
Maysville
.
Marion & Clue.
Pittsburg & Western
Quinoy Omaha & K. C.
Pittsb.
Decrease.
Richmond & Danville..
Virginia Midland Div.
Char. Col. & Aug. Div.
Col. & Greenv. Div.
.
Lake Eric & Wc.steni. ..
Lehigh & Hudson Rivei
Little Rock & Memphis
2»,.385
45.978
126,273
238,082
332,270
1,807,073
75,411
260,902
755.285
384,261
49,808
191.306
519.377
102,504
53,905
4,354,432
952,301
203,383
1,926,677
134.046
271,584
39,500
109,956
851,055
425.478
9,752
241,064
70,620
76,808
1.142,776
296,383
91,456
15,723
728,595
94,129
181.990
5,796,708
322,645
1,247.828
315,3211
29,499
131,559
564.175
19,707
413,349
759,390
3,214,339
132,652
23,543
1,767.607
483,518
710,856
5,663,311
3,667.379
1,022,139
325,692
11,534
137,214
896,713
422,395
255,789
150,088
146,026
4,643
128,569
163,758
2,984,514
383,343
57,463
371,991
544,576
38,221
1,711,821
18,970
50.920
137,386
262,244
346,293
1,811,225
60,571
228.871
774,835
331,479
26,947
152,996
576,789
106,319
46.957
4,494,782
926,742
248,356
1,627,952
95,676
202,'- 67
35,292
97,626
918,567
391,769
9.632
159,570
61,865
98,799
1.50.645
LII.
Decrease.
445
1.463
20,186
5,513
171,472
58,766
973,376
28,180
511
170.013
84,813
184,360
291,771
257,960
Eastern
20,556
329,213
285,368
18,021
285.427
1,005,378
928,519,
293,983
277,315
121,589
66,604
74,636
434,201
48,100
1,703.804
9,991
276,635
69,282
284,125
222,798
363,513
3,165,098
150,219
121,702
86,085
506,043
46,452
1,610,309
9,882
243,237
76,995
314,282
215.265
373.203
2,962.822
155.261
813,550
276,780
.
Pacific
Tex. Sabine Val. & N.W,
Tol. A. A. & No. Mich...
Toledo Columb. & Cin..
Toledo & Ohio Central.
Toledo Peoria & West'n.
Tol. St, L. ,& Kan. City..
Wabash (consol. system)
—
Western of Alabama
Western N, Y. & Penn
Wheeling & Lake Erie
Wisconsin Central
.
.
792,922
255,735
,085,603
1,051,176
Total (140 roads).... 104,010,682
98,765,647
Net Increase
•
231,044
487,9751
25,298
32,107]
4.53.218
145,.339
.".
'
1
^^.
.^.
Three weeks only of March
in
-
-I-
44,184
39,074
5,010
20,144
39,353
'ii',992
21,173
163,796
160,414
817,213
12,133
374
662
71
14,854'
24,7871
46,468
2,0371
28,194
7,034
55,350
35,200
7,390
265,938,
242,150
477,050
28,030
37,653
& Texas
&
228,.506
494,400,
.
26,590
67,276
73,151
83,525
8,873,781
265,350'
261.3001
.
83.230
93,592
78,876
66.626
147.007
14,223
22,429
9.086
6,876
109,393
149,240
4,683
529,600
West. No, Caro. Div..
Georgia Pacific Div.
Wash. Ohio & W. Div.
Ashev. & Spar. Div...
*Rio Grande Western.
Sag. Tuscola cfe Huron..
St. L. Alt. & T.H. Br'chs
TexM&
238,937
6.973
32,480
7,365
-
• •
each year,
•_-
t
- .1
4,638
11,106
'i0,925
2,752
5, .546
167,850
2.535
43,786
76,859
16,668
23,750!
53,098
11,449
71,842
1,648
93,495
9
33,398
7,713
30,157,
7,533
9,660
262,276
5,042
20,628
21,043
34,427
6,729,939 1,484,904
5,245,035
To March
28.
327,157
93,293
37,598
1.346
49,536
11,220
18,518
5,860
9,715
6,541
263
9,974
22,657
140,380
s-i.iog
69,977
2,217
41,806
5,415
ments at the end of the quarter indeed, on Wednesday a
But the
fair business was done by the Bank of England.
rate of discount is tending downwards in the open market.
The quotation is 2}i to 2^ per cent, but business is being done
lower still and especially the Indian banks are able to place
bills to arrive next week on more favorable terms, sometimes
even below 2 per cent. Speculation in commodities and
;
4,942
11.113
4,162
5,977
'
4,152
securities alike
active than
14,846
32,031'
I
52.782
22,8611
38,310
6,948
'25',559
at a standstill for the time, trade is less
is no spirit of enterprise any-
;
67,512
120
81,494
8,755
21,991
61,105
33,717
753
is
was, and there
where. The probability, therefore, is that the market will
continue exceedingly easy throughout April, unless there
springs up a strong foreign demand for. gold.
57.412
The Continental exchanges are turning somewhat against
3,815
but up to
this country, and a demand may therefore arise
110,350
sending
is
it
gold
than
receiving
more
Bank
is
the
present
the
30,709
2.300
it
19,550
15,027
298,725
38,370
68,617
4.208
12,330
17,305
19,091
31.345
[From our own correspondent.]
London, Saturday, March 28, 1891,
There has been a brisk demand for short loans this week in
the outside market at from 3}^ to 2}4 per cent, owing chiefly
to preparations for the Easter holidays and the usual require;
11,232
23,754
1,193,881
330,100
89,156
14,970
711,290
75,038
|
697.230
337,659
22,880
336,173
489,082
1,642,331
58,636
62,411
784,333
71,500
37,209
1.538,950
.
Seattle L. S.
1,716,942
963,216
913,498
467.250
62,519
San Fran. & No. Pacific.
Savan. Amer. & Mont..
I
1!
122,812
476,678
1,852,944
4,136,888
977,841
43,574
1,934
131,018
133.906
48.166
171,531
8,518
495,414
55,485
1,183,600
. .
&
825,683
79,97
14,571
433,050
2,013,358
4,954,101
965,711
45,948
2,596
131,092
148,760
72,953
217,999
10.555
St. L. Arkansas
Duluth
St. Paul
31.
52.5,111
101,639
640,474
Ohio River
Ohio Southern
Ohio Val. of Kentucky
Peoria Dec. & Evansv..
-1,866
+13,200
-33,010 1,921 1.921
132
132
+3,322
678
678
—4,977
187
237
+ 6,213
828
—9,602
867
1
Increase.
606,617
252,983
4,586,350
41,897|
8,802,2871
South Carolina
Tennessee Midland
•Atch. Top. & San. Fe..
"Roads rntly own'd, ^
'St.Louis & San Fran.
•Roads j'ntly own'd, ^a
Atlanta & Florida
Atlanta & W^est Point.
Bait. & Ohio Southwest.
Birmingham & Atlantic
Buff. Roch. & Pittsburg.
Burl. Ced. Rap. & Nor.
&
I
Lynchburg & Durham..
Total (140 roads). !34,644,504 33,243,758'+1.400,746 87,817 85,151
* Three weeks only of March in each year, t For four weeks ending
March 28. H In this comparison results for the Rome Watertown &
Ogdensburg are not luoluded in either year,
1891.
1
'
+ 8,624
.
Jfame of Road.
I
l
+60,811
—4,575
+4,549
1890.
689,847
346,575
4,665,226
591,737
972,690
94,195
37,000
426,460
1,649,666
1,036,367
997,023
653,016
376,733
27,890
356.319
449,729
1,654,323
67,722
69,290
893,726
220,740;
1
.
MoMle&Ohio
Monterey & Mex. GuU.
New Orleans & Gulf....'
1,227 1,227 N. Y. Cent. & Hud. Riv.
247 New York & Northern.
247
160 N.Y. Ontario <feWest'n..
160
175 Norfolk & Western
190
^32,760
\
GROSS EARNINGS FROM JANUARY
1891.
Loursv. Evansv. & St. L.
Louisville & Nashville.
Louisv. N. Alb. & Chic.
Loulsv. N. Orl. & Texas.
Louisville St. L. & Texas
367,
—4,300
134
+619
+ 30,900 1,112 1,075
355
355
+9.000
—2,320
of Road.
Long Island
106
19
209
128
+ 1,326
^
[9ou
1890.
I
Int«r.
I'
'
Possibly, also, the downward tendency may be
away.
checked by the decision of the joint-stock banks to increase
About three weeks ago the representatives
their cash reserves.
of the London joint-stock banks decided to publish m<Mithly
accounts, and appointed a small committee to agree upon the
form of account. The committee lias now settled the form,
and it is arranged that from July next monthly accounts will
be issued. As the object aimed at by the Chancellor of the
Exchequer, when he asked for more frequent publication of
accounts, was to insure that the reserves kept by the banks
should be increased, it is believed that the banks will increase
their reserves, and that they liave poptponed publishing their
Apbil
THE CHIIONICLE.
11, 1691.]
657
accounts for 8 months go as to be able to add to their reeerree railway* are suffering heavy losses and pricea of railway stocks
are falling here rapidly. Even a company which had in ita
gradually and without diBturbing the market.
The price of silver fell on Tuesday to 44%d. per ounce, and hands the larger part of the Custom House busineas in Buenos
on the following day tb 44?gd. jier ok., chiefly becauae of the Ayres has been obliged to suspend paying the interest on its
weakness in New York and the momentary suspension of the debentures. It placed debentures in this country to th»
Indian demand owing to holidays in Bombay and Calcutta. amount of a million sterling, £800,000 of them having been
There is a good deal of opposition being oflfered just now to jilaced only last year, and it was supposed to be highly proethe attempt of the Produce Clearing House to establish a free |)erou8. In Uruguay the crisis is almost as severe as in the
market in silver. On the one side it is argued that the change Argentine Republic. The Chilian civil war grows more bitter,
will break up t\\e practical monopoly hitherto held by a few- and speculation in Brazil is becoming utterly mad.
large bullion brokers and by the Indian banks. On the other
At the fortnightly settlement which began here on Monday
side it is objected that the Produce Clearing House is really morning Stock Exchange operators were able to get all the
promoting si)eculation
that it is offering facilities to the accommo Jation they wanted from the banks at from 2^ to 8
small operators to do in silver what is now done so largely in per cent. Within the Stock Exchange carrying-over rates were
iron warrants. But the probability appears to be that the exceptionally easy, and in the British railway market several
Clearing House will succeed, at all events to the extent of stocks were found to be short. Brokers report that for years
establishing a market. The Produce Clearing House has an there has not been so small an account open for the rise in
authorized capital of a million sterling, of which half a every department without exception, and they add that there is
million has been issued but only £125,000 have been actually scarcely any floating stock in the market. Practically, speculation has been at a stand-still for months, and especially it
paid up.
Sir D. Barbour, the Indian Finance Minister, in bia budget has been stopped since the revival of alarmist -rumors in
statement, argues once more in favor of an attempt to give sta- February. Of course this week's business has been exceptbility to the Indian exchanges.
His special plan is the intro- ionally slack because the Stock Exchange is closed from
duction of a gold standard at the exchange of the day. He Thursday evening till next Tuesday morning. But quite
admits that it would not be wise to do this, if the United States apart from that the continued distrust, the disquieting news
adopt free coinage. But if they do not, he thinks it necessary. from South America, the uncertainty respecting affairs on
It is not clear from the telegraphic summary of his statement the Continent and the slackness of speculation in the United
whether he recommends the demonetization of silver or only States have all discouraged new risks. It is possible that
the adoption of bi-metallism. But it is reasonably certain in there may be a change after Easter indeed it is probable upw
either case that his recommendation will not be adopted. that the fear of serious failures has come to an end, that
Most Indian officials are in favor of something of the kind, there will be some more activity than there has been for many
but English opinion is entirely against it partly because In- weeks past but there does not seem much likelihood of any
dian official opinion is believed to be prejudiced by the fact great increase in speculation while conditions remain as they
;
;
;
;
all European residents in India suffer from a low ex- are at present.
Trade generally throughout the country has suffered from
change when remitting money home, and partly because so
many thoughtful people here are convinced that an attempt the crisis through which we have been passing since Novemto introduce gold would inflict upon India heavier losses than ber. More particularly the iron trade has felt the effect. A*
the present time, for example, there are only 31 furnaces
she could bear.
It is some slight evidence that the apprehensions that have blowing in Scotland, against 89 twelve months ago.
The
so long existed here are abating that Messrs. Rothschild have Scotch iron-masters have put an end to the arrangement for
this week brought out the Ottoman Defense Loan for conver- restricting the out-turn, as the strike is at an end
but it is
that
;
About a million sterling more is to be borrowed, the
total amount being £6,310,920 in 4 per cent bonds, the price
being 93. Every holder of a bond of £100 now bearing 5 per
cent will be entitled to receive a like amount of 4 per cent
bonds and £7 in cash, payable on the 10th of next month. The
conversion was arranged for last year, but has been twice post.
sion.
poned because of the apprehensions that existed in this marIt is also announced that the Russian Government has
decided upon converting another instalment of its debt. In
spite of all this, however, there is much distrust still remaining both in London and in Paris. It is believed here now
that there will be no serious failures, yet it is known that
many important houses have suffered grievous loss, and it is
ket.
not denied that the amount of capital locked up in securities
that cannot be realized on at present is enormous. In Paris.
again, several banks are in an unsatisfactory condition; one of
the greatest of them has its capital almost entirely locked up,
and other smaller ones have
not thought probable that there will be much increase for the
present, as the South American demand has almost ceasedThe demand for the United States has also fallen off.
And the trade in Germany is very depressed. In spite
of the conventions in thitcountry the iron-masters have been
compelled to lower prices. In other branches of industry
there is less doing than there was last year yet the home demand continues very good, as is shown by the railway traffic
returns. Those issued this"week are especially good. In one
case there is an increase of over £19,000 compared with the
corresponding week of last year in two of over £14,000 and
in two others of over £9,000.
It is true that in the corresponding week of last year there was a great strike in the coal
trade, and that therefore the increases are not as goad as at
first sight they appear to be.
Yet there is no doubt that the
home trade is exceedingly active, as since the new year began
;
;
;
there are increases.
The wheat market is steady without feature.
upon unoccupied and uncompleted buildings considerable sums. In Germany, too,
The following return shows the position of the Bank of
several banks are believed to be in an unsatisfactory state, and E!ngland, the Bank rate of discount, the price of consols, &c.,
the industrial market is still depressed.
compared with the last three years
A telegram from Buenos Ayres this week states that Gen1891.
1890.
1880.
1888.
Mar. 25.
.Var. 26.
itar. 87.
Mar. 28.
eral Roca, who was President of the Argentine Republic be£
£
£
£
fore Dr. Celman and who at present is Minister of the Interior, arculatlon
24,703,115
23,871,215
23.685.510
23.S72.65fr
Public
deposits
13,732,913
11,238,103
12,115,723
11.002,33S
is about to retire from office.
The telegram has caused some Other deposits
29.059,«58
25,010,673
21.198.089
25,981,701
uneasiness here, as the General is a very able man, and it is OoTeniment secorltles
11,399,231
13,795,615
15,199,861
18.009,681
lent
:
,
said that he has been manipulating the
constituencies to get
a nominee of his own elected President. It is concluded that
he would not retire without some powerful motive, and it is
feared that he may make mischief. Another telegram says
that President Pellegrini has come to an understanding
with
General Mitre, the popular candidate in Buenos Ayres, and it
is supposed that this may be the
cause of General Roca's re-
tirement.
If there
were to be
political troubles the conse-
quences must be disastrous. Even as it is, it will take years
before prosperity can be restored. Some sort of compromise
has yet to be made with the creditors of the provinces and
municipaliHes the banking system of the Republic has to be
reorganized, and something has to be done with the cedulas.
:
In the meantime the depression in trade
is
so great that the
other aecurltlea
aeserre
88,192,659
21,213,10»
21,5U,201
14,932.186
Oolnsnd bullion
Prop.aueta to liabilities. per ct.
Bankrate
perct.
23,185.801
16,838,120
21,252,365
2-2,681.659
31^
3
15,216,119.
13
16M
11
516
25,310,977
15,139,716
22,912.621
37 U-16
2
—
Consols
9611-16
98 5-16
97 5-16
aearlns-House returns
116.001.000 12.M27.000 119,165,000 158,901,0«0'
Messrs. Pixlev
Abell write as follows:
Gold.— All arrivals of gold continue to be purchased by tbe Bank, save
a few parcels required for ghlpment to India. £133,000 has been sent
to tbe BaTik of Bngland since our last, and £50,000 has been taken ou1>*
Arrival«-Australi8,£120,000; Natal, £33,000 China, £12,000; total,
«1«5,000. Shipments—To Calcutta per Cbiiseu. £2,500.
Silver— Tha silver market has been sinKularly quiet durtni; the week,
and prices have Kcnerally declined, although quite trifling business has
t«keD place. The price to-day is 44<>8d.. and the market closes witb
some signs of recovery. Arrivals- New York, £25,000. Shipments—
To Calentta Slot Inst., £60,000.
&
;
—
—
THE CHRONICLE.
658
and tbe
Mexican Dollars.—There have been no arrlTals ot importance,
price
18
bullion are reported as follows:
SILVER.
GOLD.
Mar.
X<on4on standard.
gold, coutaln*g
The rates
Cake silver
Mexican dols
money have been
for
Bank
LonOtn
1890-91.
2S'®^
2«®^ im^
3
3
®-
Bills.
i)(sc't
ffw.
mn
2«3 - 2«9- 2«®2X9 - iH®- 2«®2?«®- 2«® - 2«®2?i® - 2H@ - 2H®
@8H 3M@3}i 3M®3H
3 ® - 3«® - 3M®3W
3 ®3M 3 @3% 3 @3>i
2«®- 3 m3% 3 @8J^
2H®3 3 ®3)i 3 ®3K
2M-2M
2«-2M
2H-2«
2H-2M
2«-2W
2
2
2
la
1«
1«
2
2
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows:
March
March 27.
March
20.
~i~
Inly
August
September..
October
November.
December..
January
February...
March
ToUlOmonths..
at
Bank
Bank
Open
Rate. Market
Paris
BerllD
3
Bate. Market
~~m
3
Hambnrg
Amsterdam ....
2H
2«
3
2?«
3
2J«
2«
2«
2«
i«
2«
am
nom.
4
nom.
4
SJi
.4
SH
3M
3«
4
3
Bruissels
3
2«
3
Madrid
Vienna
4
4
nom.
3H
4
4
i
B«
St. Petersburg
Oopenhaeen....
3
3
3
3
3
3
3
6«
3%
3H.
3%
3H
2X
3
2?«
3
2«
3H
3«
5K
3«
:
1890-91.
1889-90.
29.612,151
12,907,467 10,274.339
7,309,052
7,462,810
1,1 23.895
1.068.680
1,799,448
2,007,699
14,769.750 19,685,025
8,647,193
9,939,820
cwt. 30,420,0!i2
Beans
Indian corn.
Flour
1888-89.
34,616,703
12,174,009
8,930,931
1,194,002
1,802,188
15,171,391
8,315,245
1887-88.
26,530.230
ll,192,10ii
9,202,298
2,028,439
1,529.408
12,510,880
10,614,483
Supplies available for consumption (exclusive of stocks on
September
1):
1890-91
Importsof whcat.cwt.30,420,052
Imports ot flour
8.647,193
Bales of liomc-grown. 23,174,107
Total
1889-90,
29,612,151
9,939,820
29,705,783
62,241 ,352
69,257,754
1890-91.
1889-90.
1888-89.
34,616.703
8,315,245
21,468,803
Average
Average
price, week
3*8.
price, season.. 328.
5d,
4d.
92,109,942
1888-89.
1887-38.
29s. 8d.
29s. lid.
The following shows the quantities
maize afloat to the United Kingdom:
This week.
Wheat
30s.
318.
425,000
315,000
EntEllsh Financial
5 a.
SOs.
303.
6d.
of wheat, flour
Last week.
1,946,000
qrs
Flour, equal to qrs
Maize
qra
1887-88.
26,530,239
10.614,483
25,02.5,220
64,400,811
English wheat, per qr.—
1890.
2,331,000
London.
Sat.
212,000
208,500
markets— Per Cable.
a
Con80l8,ncw,2% rcrcts.
do for account
FrVh rentes
liii
Parl8)fr.
U. 8. 4>2S0f 1891
U.S. 48 of 1907
"'^ "
Canadian
Pacific
Clilc. Mil. &8t. Paul..
Illlnoi» Central
Lake Shore
Louisville* Nashville
Mexican Central 48
4411]
967i
9058"
Mon.
44%
96',6
3611,8
TTcrf.
Thura.
Fri.
44%
4411;,
9638
961 l.r
9638
9608
44=8
44=8
907,6
9038
965a
961a
95071s 9507I2 95-05 95 05
il04
Il233i
104
123%
104
104
123%
123%
104
79^8
123%
80%
59%
123%
58%
8018
5914
80^8
971a
98
9814
I12I9
98%
112^
7618
75
„
K.T. Central Hud8on.'l05
K. Y.Lake Erie AWesfnl 1938
.Si
do
2d cons
102
KorfolkA Western, pref. 55
Northern Paclflcpref... 73ia
Pennsylvania
52%
Phlladclpliia i Reading. 165t
Union Pacific
io^
Wabash, pref
la's
113
7638
113>a
77i«
75
75
1051a
1051a
1938
1021a
1938
1021a
55
7314
13,887
C3,107
11,822
d2,438
18,103
12.944
e2,321
23,0". 7
11,985
18,994
9,490
/2,848
01,127
16,373
11,207
7l2,838
181.834ll07.685
11,418
2,189
2,647
2,943
2,868
81,888
36,234
ll,-282
2,696
31,416
33,050
30,717
29,595
38,691
S0,8«
31,778
100,600
25.898 315.262 171.811100,600
S.S,022
«.S,022
295,838
d |307,450
11,817
11,159
11,004
10,681
3,794
1,-85
10,116
/ $245,740
e $2,057,459
1889-90.
Ordi-:
Pen-
In-
Prem-
eiOTu.
terest
iums.
$
$
15,248
11,999
20,039
812
8,738
13,481
201
1,506
2,273
4.313
143| 38,036
15.480
4,694
3,63'
....I
6,133
774
11,097
2,852
Dec... rt8,741
1,C81
/20,009
Jan
014,055
17,311
Feb
481
2,851
876
3b 18,405
9,515
41,998
36,383
17,411
2,292 2»,59a
2,185 25,335
2,803 25,821
2,088 27.858
957 25,060
3,095 17,636
8,175
11,620
10,776
1,910
42.570
21,784
11,344
10,823
1.482
40
23,981
15,680
2,176
7.918
31.728
31.603
9,924
13,881
618
10,847
3,854
1,339
380
719
__-_
$
296
18.277
21,511
18,102 eo,971 28,43t 18.597 a46,7C
96,907 33.754 10.401 207.702
156,8-10
<ume.
$
35,887
34,298
<J17,522
9m08.
terest.
2.054
7,2
18,839
March.. h21.289
In-
eionji.
1,730
4.624
14,863
Sept...
Oct....
Nov....
Prem. lotot.
Pen-
~~$~
$
38,187
13,988
ol4,242
616.331
ce2,4S3
Aug
Ordinary.
llDtaJ.
a $2,279,310.
6 »2.074.431
C$3,202,780
fc $2,440,204.
d 2,109,681
6
/ $3,461,760
e $1,035,467
Bonds Held by National Banks.—The following
interest"
tag statement, furnished by the Comptroller of the Currency,
ihows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
gave the statement for
depositaries on April 1.
March 1 in Chronicle of March 7, page 380, and by referring to that the changes made during the month can be seen.
We
U. 8.
Btieriplion of Bonds.
1891,
to
Secure—
$2,113,000
3,603,000
22,288,500
$7,236,000
24,812,450
108,955,200
$9,369,000
28.415,450
131,243,700
$20,004,500
*141.023,650
$169,028,150
Total
in
1,
Bank
Circulation.
0(UT«ncy 6s..
t>a per cents.
i per cents...
Changes
Bondi Seld April
Pubiie Deposits
in Banks.
Total Held.
Legal Tenders and National Bank Notes to
$173,535,177
Amount outstanding March 1, 1891.
Amount Issued during March
Amount retired during March
Amount
outstanding April
1,
»542,375
1,856,990
2,39a,365
$171,678,187
1891*
Legal Tender Kotes—
Amount on deposit to redeem national bank
notes March 1, 1891
Amount deposited during March
Amount reissued <&b'nk notes retlr'diu Mar
$47,577,942
I8424,27.'>
2,378,445
1,954,170
deposit to redeem national bank
„„ ___
$4 5,623.. 72
notee Apri l 1. 1891
OlToulatlon ot national gold banks, not moluded auuve, $1 20,877.
*
95-05
104
28,803
15,22S
39,804
43,57
28,988
31,370
37,890
Amonnt on
Tiies.
9500
80
58
97 »4
1)5.154
2,321
;
The daily closing quotations for securities, &c., at London,
are reported by cable as follows for the week ending April
10:
Btlver.pcroz
20,800
12,815
1,981
12,395
April 1.— The Comptroller of the Currency has furnished
U8 the following, showing the amounts of national bank
notes March 1, together with the amounts outstanding April
6d
also
the increase or decrease during the month
1, and
2d.
the changes in legal tenders held for the redemption of bank
and notes up to April 1:
Jfational Bank Noiet—
1889.
1,775,500
302,000
676.000
29,418
22,088
~r~
1
t
10,899
National bank redemption fund Included :—
The following shows the imports of cereal produce into the
United Kingdom during the twenty-nine weeks of the season
compared with previous seasons
Wheat
29,611
19,006
21.518
17,779
18,788
16,615
15,925
22,216
18,966
38,607
nary.
a $1,796,769
Barley
Oats
Peas
99
37.i
12,568 a3,733
~1~ ~$~
Jnly....
~2i"
3
3
3
3
iiate.
~i~ ~*~
1890-91.
Open
Bank Open
Market Bote. Market
3
3
2H
2«
3
3
Frankfort
Bank
Open
$
2,329
11.717
DISBURSEMENTS (OOOs Omitted).
itatee of
InUrut
»
Inter'l
toms.
23,953
20,316
1889-90.
Miscns loUU.
Rev'ue Sourc't
CtU-
2otaJ.
National bank deposit fund included :—
6»3.021,000
c t993,720
0*2.700,540
h $390,835.
J $336,145.
March 6.
13.
Kev'ue 5ourc'»
toms.
Inttrebt allowed
for deposits by
®- 3 ®- 3
.
Inter-! Miec'li
Joint
Stock .It 7toll
Four
Six
Ihree
Six
Fcmr
Three
Call. i>ay«.
Months Months Months Months Montlie Months Banks.
1?<-1«
3 @3« 3
3~<mi
Feb. 20 3
" 27 3
Mar. a 3
"
13 3
" 20 3
"
27 3
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Government receipts and disbursements for the month of March.
From previous returns we obtaia the figures for previous
months, and iu that manner complete the statement for the
eight months of the fiscal years 1890-91 and 1889-90.
BECEIPTS (OOOs omitted).
as follows:
Trade
BiOs.
mxd W^isctllmuoxxs Mzxos
Revenue and Expknditxtres. —Through the
oz-
Open Market Bates.
«
1-lfl
15 7-16
ing 5 grs. gold.. oz. IS
oz
77 10
20dwt8. sliver. .01
Spaa, doubloons. oz
S.Am.doubloons.oz
45
oz.
Bar silver
Bar silver, contain-
9
77
d.
d.
d.
s.
B
77
gold, flne
Mar. 28. Mar.
London Standard.
26.
Ii.
>.
Government
19.
[Vol. LU.
(Sfomrtitxcinl
quoted at 4338d.
The quotations for
Bar
Bar
:
.
55
73
62%
16%
52%
46''8
4778
18%
19
16%
77%
74'8
105
1918
1021a
55
7II4
52=8
I6I3
47'8
181a
61
II3I4
79%
75
106
20
103
••>5i4
71T8
5278
1714
48=9
18%
81
611a
99
114
80 la
7514
According to the above the amount of legal tenders on
1 with the Treasurer of the United States to
redeem national bank notes was $45,823,772. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was as follows on the first
of each of the last five months
deposit April
DepotUt by-
Dee. 1.
Jaru
1.
Feb. 1.
Aarch
1.
105%
20%
103
54^8
7II3
5278
1718
49=8
19I4
$
Inaolv't bks..
Uquld'gbks..
Red'c'g undr.
812.031
5,700,004
853,663
5,688,029
1.
$
$
875,315
5,706,850
April
890.349
5,649,172
941,273
5,587,752
act of '74..* 46,609,429 44,948,486 43,048,677 41,038,421 39,091,747
Total
*
53,181,464 51,495,178 49,630,872 47,577,942 45,623,773
Act Of June 20. 1874, and July 12, 1882.
:
April
THE CHRONICLE.
il, 1891.]
National Banks.
—The
following
national
banks Imve
recently been orKanized
4,535- Thn XavoBliik Nntlonnl Bank of Rprt Bank, N.
000.
Jns. 8. Tbro«kuiurton,
Capital, ip.-iO,'
L. Cowiirt,
J.
Enoch
I^csldout;
ClUtllllT.
Citizens' National Bank of Lyona, Inwa. Capital, $1 ()(),
L. B. W'nillcli:!). Preslilcut; VlrtUH I.iind, Caxlilrr.
4,537—The First National Hiiuk of ButhKoto, North Dakota. Cnpllal,
$50,000. l-rocldiMit,
; Cnsliler. charlc* T. UarniiMi.
4,538— The Uocdsvllle National Bank. KeidHVlllc, I'unnHylvanla. ( aiilPresident, Hainncl WuttM Cashier,
tal, S.IO.OOO.
4,539— ThoTunipa National BiinK, Tanipii, Florida. Caiiital, $.">(),i)i)0.
ProHldent. Orlo J. Spairord; Cashier. L. h. SpiWlord.
4,540— TIio Bonhani National Hiink. Bonhnm. Texas. Capital. .'il.">(),(l(K).
President, .lames P Iloiiuos Cashier, OuorKo VV. Uluir.
4,541— The tireat Falls National Bank, (Jrcat FalU. Montana. Capi;
tal, aSO.OOO.
President,
Dauiel L. Trney,
Cashier.
4,542— The First National Bank of Cheney. Washln((ton. Capital,
I're.sUlent. D. F. I'crelval
IfoO.IKH).
W. K. Woygant, Caslil,r.
4,643— The Fariner.t" National Bank of Bio )mshnri{, Ponusvlvanla.
Capital. ifDO.OOO. President, "VVIlllam 8. Moycr; Frank Ikeler,
4,530— The
000.
—
;
;
;
Casliler.
4,544— The Johnsonlmrft National Bank, Johnsoubnrg, Ponnsylvani.i.
President, F.
Caiiltal, 1^50,000.
Johnson.
8.
E. O. Aldrlch,
Cashier.
Imports and Exports for the Week.— The imports of
week, compared with those of the preceding week, show
a decrease in both dry goods and general merchandise.
The total imports were $10,188,068, against §10,836,979 the
preceding week and $12,330,774 two weeks previous. The
exports for the week ended April 7 amounted to $5,696,552,
against $8,511,745 last week and $7,139,984 two weeks previous.
The following are the imports at New York for the week
ending (for dry goods) April 2 and for the week ending (for
last
general merchandise) April 3; also totals since the beginning
of the first week in January.
FOREIGN IMPOBTS AT
For Week.
Dry
1888.
1891.
8,904,698
$3.004,S27
8,684,680
$3,203,855
8,830,541
$2,317,415
7,870,053
$11,170,016
$11,689,513
$12,060,396
$10,188,008
$42,218,819
93,396,739
$4.5.554,.508
$47,932,268
91,590,444
$40,437,839
Gen'l mer'dise.
Total
SiiieeJan,
1890.
1.
Dry Goods
Oen'l mer'dise.
97,054,532
10-1,327,747
Total 14 weeks. $135.615,558 $142,609,040 $139,522,712 $144,705,5 86
In our report of the dry goods trade will be found the
Imports 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 the
week ending April 7 and from January 1 to date :
.
BXFOSTS FBOM
NEW TORK FOB THB WEEK.
1838.
1889.
1890.
1891.
For the week..
$6,4.50,174!
Prev. reported.
73,613,892
$7,535,876
83,085,284
$5,392,334
87,981,271
$5,090,852
89,248,156
Total 14 weeks.
$80,094,006
$90,221,160
$93,373,605
$94,944,708
The following
shows the exports and imports of specie
at the port of New York for the week ending April 4 and since
^' ^^^^' ^^'^ ^°' "^® corresponding periods in 1890 and
iQ^o'
table
1889:
659
— Measn. Vermilye & Co. offer for aubscriptioD at 101 J^
and accrued interest, $1,500,000 first mortgage Oper cent gold
bonds of the Akron & Chicago Junction RR. Cfo., duo fmH}.
The road in Iea.wd for 999 years to the Baltimore & Ohio ^
Chicago RR., which road ia owned entirely by th.-- Baltimore
& Ohio RR. and the lease is assumed and guaranteed by the
latter Co.
Unconditional guaranty of interest is endorsed on
each. bond.
The road is now in proces.^ of construction, and
will give tlie B. & O. a new short line between Cleveland and
Chicago. The bonds are issued at the rate of $20,000 per
mile, covering all property, both real and personal, n<>w
owned or hereafter to be acquired. The siibHcription bonts
oj)en at 10 A. M. April 14 and close at 8 P. M. April 15.
Hie
delivery of the bonds will be made on April 23, 1891.
.
—Investors are invited to notice the list of first-class railroad bonds offered in our columns to-day by Messrs. Worden
& Fanshav/e. Among the bonds offered in this ILst are
the Chicago & Northwestern R. R. Go's consol. gold la,
registered; the Harlem River & Portchester R. R. Go's Ist
mort. 7i<, guaranteed, and other well known securities of &
high chiss.
—
Tlie Fourth National Bank of this city, one of the largest
banks in the United States, announces that its equipment is
especially arranged for handling mercantile accoimts. See
card on first page of the Chronicle.
— The
annual meeting of the Canadian Pacific Railway
will be held at Montreal May 10th.
See notice in
advertising columns.
Company
United States Sub-Treasury .—The following table show
the receipts and payments at the Sub-Treasury in this city, aS
well as the balances in the same, for each day of the week.
Balances.
Date.
NEW YORK.
1889.
$2,20,1,318
Good.><
A;>tU4
"
7
8
9
"
"
"
10
Total
StceiplB.
Payments.
BXPOBTS AND LMPOBTS OF SPECIE AT
Exports.
TOBK.
Imports.
Gold.
Since Jan.
TTccA-.
NEW
1.
Weelc.
Since Jan.l
$159,086
$800,000
500,000
114,790
Germany
West Indies
Mexico
Booth America
105,000
All other countries.
Total 1891.
Total 1890.
Total 1889.
2,022,810
6,378,877
1,291,011
4,075
1,151,500
2,100
$1,519,796 $11,010,059
75,543
2,091,438
260,022
6,945,848
Exports.
Week.
I
$21S,090
329.700
502,208
1,800
13,204
40,1S9
320,093
158
$4,424
233,130
14 ,404
il,
423,904
3,4.54,109
1,901,533
Imports.
Silver.
Great Britain
Fran'"
$2,466
Since Jan. 1
Week.
Since Jun.l.
$224 700 $3,942,777
'
197,334
Germany
West Ind4c3
Mexico
South America
7,850
All other countries.
Total 1891
Total 1890
Total 1889
18,983
$231,535
89l),591
347.639
$20,439
177,208
35,025
275,300
58,885
12,125
3,032
Ol.K.iO
9U.S.32
74,4.53
$4,686,529
7,287,695
$15,157
83.447
53,545
$513.1,30
4.788,0731
$
2.077, 177
2,441, 539
3,4S2, 833
3,341, 599
2.859, 797
2,077, 802
Cert's.
\
Ourreney.
$
2,173,483
2,792,205
3,934,231
3,161,174
3.039,092
3,513,334
147,412.506
147,398,004
140,133,230
140,238,970
146,292,021
143,492,046
11,137,347
7,431,160
7,711,950
7,856,283
7,745,361
7,752,433
7,594,003
10,519,79")
11,189,432
11.373,03a
11,135,026
12,650,9981
18,280,7471 18,615,5191
.1
H. \, and Brooklyn Gas Securities— Brokers' Quotationp,
GAS COMPANIES.
Brooklyn Gas- Light
Ask.:
|Bld.
120
90
103
99
117
Citizens* Gas-Llglit
H8
Bonds. 58
.... 100
Conaolidated Gas
»8
Jersey City A Hohoken.. 170
Metropolitan— Bonds
110
Mutu.%l(N. y.)
IIH
Bonds, (is
100
Nassau (Brooklyn)
in.-i
Scrip..—
100
,
Williamsburg
Bonds, 6s
I
Bid.
A Ik
I
90
130
lOiJ
Metropoli can B fookly n)
Manicipal— Bonds, 78
(
Fulton Manicipal
Bonds, Os
Equitable
Bonds, 6s
il5
120
102
ib2
GAS COMPANIES.
People's (Brookiynl
102
102
130
100
116
106
105
132
IDS
118
108
1
Anction Sales.- The following were recently sold at auction
by Messrs. R. V. Harnett & Co.:
Shares.
S}iares.
26 Leather Manufacturers'
National Bank
260
22 Bank North of America. 170
15 Alabama Min'l L'ndCo.lll
3 Continental Ins. Co
241
1 Chemical Nat. Bank. .4750
1460 Charleston Sumter &
Northern RR. Co
5
225 Mechanics' Nat. Bank.. 204
50 Nat. B'k of Commerce.. 197 Ja
39 Bank of Harlem
98
20 Standard Gas Light Co. 85
3365 BriKantine Co
17—30
800 Brig'Une B'oh SB. Co.$521ot
50 BriKantine Buiiding & Improvement Association.
6 Ocean Isl'd & Brigantine
Laud & Improvem't Co.
5
Ilontts.
Shares.
<S
I!o)i(/«.
7,500 BterlinK Iron & Ry.Co.,
$.50 each
600
10 Nat. B'k of Commerce.. 195
50 Phenii Nat. Bank
130
lOO United N. ,1. RR.& Canal
Cos. lex-div.)
226
100 Montrose Ft. BrlckCo.*4p sh.
10 Thurber.Whvl'ndCo.pf.lOO
100 Citizens' Ins. Co
llOHi
40 Rutgers Fire Ins. Co
120
76 American Bank Note
Co
$380212 per share
ION. Y. Biscuit Co
75
300 Consol. ICiec.gtor. Co.$4p. sh.
900 Lack. & 8. W. RR. Co.$l p. sh.
25 Thurber,Why'd Co.com.IOO
lionds.
$2,000 Ala. .tChat.RR. Ist 8a,
1889 (end. by State of Ala.),
July, 1872, coupons on
16'4
Of the above imports for the week in
1891, $1,613 were
American gold coin and $1 !84 American silver coin. Of the
exports during the same time,
11,419,696 were American
5
$14,000 Char. Sumter <t Nor.
50
RR. Co. Ist 63, 1910
$10,000 Richm. City it Seven
35
Pines RK. 1st Oa, 1918
$2,000 tity of Elizabeth Ad84
justment 4s. 1922
$123,000 Brigantine Beach
RK.Co.lst5s,1919,M.&N. 18-28 ?4
The following were sold by Messrs. Adrian H. Muller
Son:
200,336
449.133
472,407
Coin
Coin.
.
Great Britain
Franco
»
.
.
$4,000 State of Alab. class
&
A
4s, 1900, J.
IO314
J
$2,000 Al 1.& Chat. RR. 2d 88,
1889 (end. by State of Ga.),
Jan., 1872, coupons on. ..$25 lot
$3,210 AtLMu. Ins. scp. 1890.104%
$3,000 Mich. Central RR. Co.
(Grand Riv. Val. Uiv.) con.
1st 68. 1909. M. & 8
11518
$9,500 City of Eufaula, Ala.,
6s, series A, 1899, J. & J... 96H
$2,800Citizcns'Ins.Co. scrip. 75
$15,000 The Buckeye Creek
Coal & Iron Co. Ist Os, 8. f.,
April 1, 1884. coupons on.. 10
$1.(500 United Elec. Trac. Co.
30-ycar68. 1920
693i
$5,000 Car. Cumb. G. & Chic.
75>9
By. Cos. Ist mortgage
Snukiug miA ^luaucial.
,
gold com.
Spencer
°*'; °^ *^™'*''^'
«„"T?«
on
he first: i«ge
Nebraska, whose card appears
of the Chronicle, will be found a reliable
with in connection with commerand sale of securities.
l>ariy to transact business
cial paper or the purchase
Trask
&
Co.,
BANKERS.
Nos. 16 and IS Rroad street, Nciv York OKr.
ALBANY N. v.
i'HOVlDK.NOK. R. I.:
SA UATOGA, N. Y:
TKA.NNArT A
GK.NfiilAl, U.VNKIVli UI'MI.NK.SS.
All classeA uf Sotiurities Boutfhi and Sold on Comiutft-^iun. StH^ci-il attention
luveatment decarltleB, Direct wire to eaoh oOlce and to I'ail idolphla,
Boston and Chicago.
fftren to
..
.
I
THE CHRONICLE.
660
—
United States Bonds. Government bonds have been firm
the week. Purchases of 4"^ per cent bonds by the Treasury, under the circular of Oct. 9 have amounted to $14,668,450.
The daily purchases are shown in the following:
IBawkers' Oiaxette,
glxje
all
DIVIDENDS.
Per
Name of Company,
!
Cent.
Rallroadx.
Cincinnati Sand'sky
& CleT.
Oreat Northern pnf
.
|
pref.j
(quiir.)
i
liOng Island (quar.)
Kashv. Chatt. & 8t. Louis (qaar.)j
j
New York & New England pref..i
St. Paul Minn. & Manitoba guar.
1>4
1
J
IM
313
lia
1
..
»258,100
28,100
161.400
8....
118.000
68,000
7
"
9
HI
to
"
10...
ToUl..
to
May
1H\ May
I April 12 to
May
1
1
April 4.
••
6
1
3
1
2
j
30
May
2
common
1
1
Oentt One 1891.
.
58.000
141,200
760.800
760.HO0
prices at the N. Y.
Interest
A^r.
. April 16 to May 1
Periods
May
1
I April 16 to May
May
4i«s, 1891
reg. Q.-Mch. 102
4128,1891. ..coup. Q.-Mch. 1(j2
WALL, 8TR.KKT. FRIDAV, APRIL. 10. 1S91-5 P.M.
reg. Q.-Jan * 121%
48,1907
The Money Market and Financial Sitnation.—The stock
120%
Do stamp'd int. pd.
1-22
coup. Q.-Jan
market has been the centre of interest this week, and we 48,1907 to J'ly,'91
121
ex-cp.
Do
the
far
by
and
reg.|J. & J. 111
are able to report a decided buoyancy
68, our'cy,'95
114
J
reg.
J.
&
cnr'cy,'96
68,
best tone of the year. With the defeat of anti-railroad bills
reg. J. & J. 117
6s, our'cv,'97
whole
120
the
00....
reg.
u,
J.
.X
iMj
J
eg.
Minnesota
OB,
cur'cj,'98
uurov,
A
Nebraska
and
the
legislatures
of
in
reg. J. & J. 1221a
68, cur' ey ,'9 9
horizon lighted up, and it is generally believed that these ob1
4
.
,
Ofertntt. Pureh'ea. Prices
vHd
t2&8.10O
26,100
161.400
116,000
141,200
The closmg
4 Per Cents diM 1907.
PHcet paid.
Oferingt, PurcTl'M
1 April 16 to
|
(quar.);
)
1 April 19 to A'pril
1 April 16 to May
1 April 11 to May
1 April 16 to May
May
May
May
May
m Per
BookK Closed.
{Days inclusire.)
April 10
:
(quar.)
Istprtf. (quar.)(
do
do
2d pref. (quar.)
do
do
l^dison Electric liliim'ing (quar.);
National Starch 1st pref.
Clafliu (H. B. Co.
Wheti
Payable.
iMay
[May
3
Fir* Insurance.
North River
Mlticellaneona.
American Tohaoco pref.
I
[VOL. LU.
—
—
Board have been as follows
Apr.
^r-
6.
Y'
•
ir-
'102 •102 •102
•102 *102 •102
,«121% 121% *122ifl
121%
121%
'120%*120%l"120% *121
122 *122 •122 •122 •12214
•I2II4
'121
121 *121 •121
*112 112 •112
lllia 111
'114
114 ni4% ni5 •115
'117
1171a, *117% *118 ,•118
'120
121 1*121 *]21 •121
'1221a '1221a *122ia •1221a';«123
102
102
*102
•102
122
I
I
•This is the price bid at the morning board no sale was maile
jectionable laws are not only killed for the present, but that
GoTcrnment Purchases of SilTcr.—The Government purcrisis has been passed and that the craze against railroads
chases of silver in April are shown in the following:
has spent its force.
One of the strong points of the week has been the London
Pncepaid.
buying, as it seemed to indicate a change in sentiment on that
Ounces
(hmces
purthased.
offered.
«ide of the water, and a belief that our stocks at their low
range of prices were a good purchase. The opinions of out911,000 $0-9820 -a $9-9880
Previously reported
siders who are supposed to be cool and impartial observers of
6
393,700 $0-9827 a $0-9835
945,000
April
the course of affairs naturally carry greater weight than the April
470.000 «-9799 a $0-98
8
2,044,600
"
355,,500 !t:0-97875 ® $0-98
views of those who are constantly in the arena and watching
10
(V
a
the tape.
The promising reports of the growing wheat crop in the
2,130,200 $0-97875®»O-988O
Total in month to date..
Southwestern States have been much talked of, and this is
• The local purchases have not been reported this month.
calculated to help such roads as Atchison, Missouri Pacific,
&c., as it is presumed that with prices anywhere near the
State and Railroad Bonds.— The sales of State bonds this
present range the new crop would be moved to market as
week include $13,000 Ala., class "B," at 108i-^@108i^; $5,000
rapidly as possible, and that the farmers would begin to enjoy
La. consol. 4s at 91}^; $10,000 Va. def. trust receipts at "1%;
an era of prosperity.
Notwithstanding the large improvement in feeling as to the $30,000 N. Car. spec, tax, class 3, at 5(351-^: $5,000 S. Car. 6s,
railroad situation, there is a considerable professional element non-fundable, at 3},^; $16,000 Tenn. sett. 3s at W%@11%.
ia the market, and a reaction from highest prices is quite posRailroad bonds have been moderately active, but they have
sible, though it is to be hoped that we are tolerably clear of
not generally shared in the buoyancy of stocks, and some
the doldrums that have kept business dull for so many weeks.
bonds were rather weak, among the latter being Richmond
The open market rates for call loans during the week on Terminal os at 67(2 67}^ and Northern Pacific consols at 821^.
stock and bond collaterals have ranged from 2 to 4 p. c, the The Atchison incomes and Colorado Midland 4s were active
-average being 3 p. c.
To-day rates on call were 3 to 4 and higher up to 48?^ for the former and 67?^ for the latter;
Prime commercial paper is quoted at 5i|@6 p. c.
p. c.
Texas Pacific incomes at 31;^'8; Reading 1st pref. incomes at
The Bank of England weekly statement on Thursday showed 531^, 2ds at 37, 3ds at 27;^. The latter bonds have been
a decrease in specie of £340,000, and the percentage of reserve stronger, in sympathy with the stock and on the reports of
to liabilities was 84-50, against 33-39 last week; the discount the N. Y. Central traffic agreement.
Some of the first
rate remains unchanged at 3 per cent. The Bank of France mortgage 4 per cents have been stronger on a good demand,
ahows an increase of 3,32.5,000 francs in gold and 175,000 the M. K.
Tex. 48
T. 4s, Rio Grande West. 4s, St. L. Ark.
francs in silver.
New England 43 being the most
and Scioto Valley
The New York Clearing House banks in their statement of conspicuous.
April 4 showed a decrease in the reserve held of $2,005,400,
Railroad and Miscellaneons Stock!".— The stock market
and a surplus over the required reserve of $6,389,975, against
$8,442,050 the previous weeK.
has experienced a buoyancy this week such as we have not had
;
the
!
&
&
&
before during the current year. On Saturday last the defeat of
the Nebraska Maximum Freight BiU and the adjournment of
the Legislature seemed to mark a turning point in the Westem railroad situation, which has been reflected quickly in the
Capital
€0,910, 100
....
61,062, 700 60, 762,700
Surplus
advance of Burlington, Rock Island, Atchison and other West63,410, 700i
....
58,249 600 53
Loans and dlec'tn 412,893, 500 Inc. 2, 400.300 40S<,057, 700419 452.700
822,900 ern stocks. The long depression had prepared the way for a
Circulation
3,491, 900 Dee.
10,100
3.718, 100
4,,309.700
rebound, and with hostile legislation out of the way and
Net deposits
415.651 300 Inc
186,700 411,575, 300430,,840,900
wheat prospects increasingly good the reaction came sharply.
Specie
';7,140:,100 Dec. 596.500, 81,8.59, ,700! 77,
,406,300
Ijegal tenders
33,102 ,700 Dec.l, 408,900 22,476, 600 31,,713,500
On Thursday the London buying was an important feature
Beierve held
110,302, 800Dec.2, 005,400' 104,336 ,300 109,,119,800 of the market, and although this was said to be partly for the
Legal reserre
103,912, 825 Inc
46,675 102,893, ,825 107,,710,225 covering of shorts the pffect was the same, a.s it was evident
that London thought the time had come to buy. To-day the
earplug renerve.
6.389,975 Dec.2,O52.075l
1,442,4751
1.409!575
tone was very strong early with Atcliison up to 31 J^, but
Foreign Exchange.—Sterling bills were firm early in the closed a little off.
week, but latterly became easier, with but small inquiry
St. Paul was remarkably strong, partly on London buying
on the
shipments for the week amount and on a newspaper dispatch early in .the week that an English
?^li
o=;^"ri?S'"^;
^°l^
^•.''•^•OOO, including $2,750,000 bv to morrow's
committee of inspection had made a favorable report on the
steamers
A
Actual
rates are : Bankers' sixty days' sterling,
property, though we are informed that this is an old story,
4 86(34 86i^
-^
demand. 4 88@4 SSJ^; cables. 4 88"^® 4 88V.
Reading
tiouisville & Nashville is another London favorite.
Posted rates of leading bankers are as follows
has been higher on the reports of a traffic agreement
with the New York Central and Lake Shore. The Northern
AprU 10.
Pacifies have been weaker on selling that has not been very
Sixty Days.
Demand.
satisfactorily accounted for.
Union Pacific and Missouri
frbae bankers' sterling bills on London
4
37
89I2
4
89®4
rnme commerciaV
Pacific advanced with the other Far- West stocks, and in Union
4 85 a4 8514
Documentary commercial
Pacific dealings were heavy.
4 8419*4 84%
Paris bankers (francs).
5 183»a5 18% 5 161435 \5^
Among the specialties, Chicago Gas was the leading feature,
Amsterdam (g>:
(guilders) hanker'sV
40i5*40»,8
4014a
405,,
selling up to 49% on Thursday and closing at 47%, since the
Ifrankfort orrB:
Bremen (relchmarkmh-nkera 95%3
95'8®96
951s
determination to give up the corporate organization. American Cotton Oil was active and higher on better prices for oil
York at the undermentioned citTesToTay-^S^
and better prospects generally. Sugar is also active and
par
New
Orleans, commercial,^40c
higher on the talk of Spreckels's negotiations, and closes at 91 Jj
^r«i^"°*' ^f'''^^
P?^"?'"-' ^»^-'- for the common against 85i^ last week. Lead Trust is active
ton^buying
^..'bu'^nrpTr'se"'-'-"'^/-*!*^^-'"'par, selling
premium; ^-l.'*^
St. Louis,
f^ |To(X)
premium; Chicago3, 12>ic. per 11,000 discount. 96c. t^r
' -"^ at 19, against 18J^. Silver certificates close at 97?^, against
981^.
1891.
Apr. 4.
1890.
Apr. 5.
Differen'afrom
Prev. week.
18S9.
Apr. 6.
i
1
I
IH
•
'
:
;
%
—
..
.
.
APBIt n,
1
THE (HEONICLR
1891.1
NEW YORK STOCK EXCHANGB— AOTrVB STOCKS
tor week enttxng
561
APRIL
10. and Hnee JAN, 1, Iggl.
HIGHK8T AKD LOWXST PBIOU
8TOCK8.
RR.
Active
Stockm.
Fe
Atohisoii Top. A Banta
Atlnntii' * Paolflo
Caiiailtaii Paotflo
a8>fl
•4\
IMcilli'
II.
iki' .V
I
,1..
I>o
,1.1
I
>..
17%
vol. tr. pert,
1st prof....
51>«
32
124
2(1 i>ref
-CUoago A Alton
CUusgo Burlington A
Ohloago
Do
&
Qiilnoy.
Eastern IlllnoU...
prof.
ObloMo Milwaukee it St. Paul.
Do
Ohloago
Do
prof.
CUoago Rocli Islnn(l<& Paoiiio,
Paul Minn.
A Om.
Do
pref.
Clevc. Cincln. Chic.
4
•4%
B
479
28>s
4%
78%
St. I,...
Do
80'e
'92
SB's
I8I4
17«4
17%
pref.
51>4
52 14
52%
321a
321a
32
Great
•ISH)
2d pref
Torre Haute...
Ji
126
Si's
92
37
110
88%
Niirtliorii.pref
'15
8914
89>s
& Western
58
WH
Do
pref.
Iiake Shore A Mich. Sontnem. iiomio>9
95
95
LoDK Island
74>4 7478
Loulsvillo & Nashville
Louisv. New .\lti. A Chicago.. •22 "n 25
Lake Erie
16>a
122% 123
95
96
7
22
•13>s 14
pref.
•OOi*
Do
Minneapolis
Do
A St.
-75
A West.
pref.
•4
•9
•11
'201s
Ixiuis
pref.
Mo.K.&Tez..ez2din. bends.
Do
pref.
Missouri Pacific
Mobile A Ohio
Nashv.Chattjinooga&StliOuls
718
24
95
81
71a
24
17% 18%
18% 18%
63
64%
4%
m
llOialll
95
95
74% 75%
25
"901*
•75
103
•4
9
1178
95
81
105
22
67S9
67% 68%
43
43
97
44
97
14
IO3I4
14
1st pref
•64
•271a
67
29
•65
29
60
16
I2314
904
32
Do
A Lake
pref.
•55
•14
124
89
96% 96%
8
•7%
8
24
14i<
•23
137g
26
1419
714
751a
767a
|
pref.
1
nUcellaneonM Stocks,
American Cotton
•24
107% 108
108
79
105
•73
108
•4
-20
92%
•9I4
1214
22
21
21
6879
4414
68% b9
43% 44
I214
22
68
97
•92
2018
24%
25181
24%
48
88
92
48
90%i
93%;
48
241a
48
47
H6I3
90
9H8
86% 89%
91% 92%,
47% 49%i
I
I
.National I.ead Trust
North American Co
Oregon Improvement Co
Paoifio. .Mail
7316'
20
727b
85%
3579
:
Pipe Line Certificates }
Pullman Palace Car Co
Silver Bullion Ccrlificates
Tennessee Coal A Iron
Do
pref
Western Union Telegraph
* Thrre are the prices bid
47!a:
36%
36
98
247t
48
37is|
9818'
97% 97%!
441a 44%i 44% 45%
100 101 la 100 100
87% 88
87% 881a
104 la 105
18% 18%
1714 17%
105
1878
17%
•28
•29
29
36 -a 36% 87
73
73
73
193 193
103
98ie
35 14
•87
8079
98ie
3514
90
8078
I
sale
•16
24
26
2579
•20%
58%
112%
94 %
78%
25
25
•10
12
108% 107% 108
2'
20% •20% !20%
94% 95
•92% 95
•75
81
•73
105
4
•9% 10
100
4
103
4
4
12
21
70
43
•20% 22
69% 70
43% 43%
•94
80
105
'9% 10%
12%
12% 12%
111%
72
1,.500
1.020
3,825
5,671
5,254
96.835
1,950
9,159
100
500
100
39
444
20
392
43
97
17%
3779
38%
2,393
8%
•8
8%
15%
33
15
1779
779
779
H
11
30%
14
19
49%
90
•82
73
20
.
31
14%
18% 18%
•40
•82
20
i8ie;
!
37%
731a'
made
76%
27
Apr. 10
Jan. 14
98
29
Jan.
.Tan.
139% Feb.
140% Feb.
9
12
7
9
20% Jan. 13
6379 Jan.
8% Jan.
66 Jan.
19% Jan.
129 Apr.
92% Apr.
103% Jan.
8
Apr.
26 Apr.
15% Feb.
59% Feb.
113% Feb.
96% Apr.
79% Jan.
27 Jan.
18 Jan.
109 Apr.
24% Jan.
96 Feb.
93 Jan.
111 Jan.
6% Jan.
12% Jan.
14 Jan.
Feb.
Jan.
61
2|
2'
14
14
14
14
2
9
14
7
10
5
11
9
7
14
15
15
6
4
8
15
14
10
14
12
7
24
*'eb.
71%
44%
70
Apr. 10
Apr. 7
Jan. 6
Feb. 3
Feb. 10
Jan. 29
31%
21%
Feb. 10
Jan. 14
95
104%
14%
54% Feb. 10
41% Jan. 15
271
Feb.
18% Mar.
11% Feb.
40% Feb.
16% Jan.
57% Jan.
30
74
Jan.
Jan.
1979 Jan.
18
82
Feb.
Jan.
•2479
Mar.
21% Apr.
34% Jan.
3
17
17
18
14
14
14
30
17
7
12
19
6
8
1379 Jan. 14
Jan. 13
19% Feb. 7
76% Feb. 10
37% Feb. 5
55
74
Mar. 25
Jan.
Jan.
9% Feb.
400
90 55 Fob.
100! 24
Jan.
650 85 Jan.
1.804 100 Jan.
3,200 23 Jan.
2,600 1 278 Mar.
134% Mar. 20
r22% Jan. 3
12% Jan. 14
41% Jan.
48% Jan. 14
24% Jan. 14
70
26%
90
111
92,219
1,418
1,460
61
88
21
Jan.
11
8% Mar.
21
1678 Jan.
29% Jan. 26 35%
67% Jan. 2; 7479
18 Jan. 2 23%
.5,340
6,650
4,414
1,485
Jan. 16
Feb. 9
Apr. 10
Feb. 6
31% Mar. 16
16% Jan. 14
20% Jan. 13
;
1
'
1
10
84% Feb. 11
65% Jan. 13
Jan. 13
Feb. 16
Jan.
Jan.
Jan.
Jan.
Jan.
2478 26%
26% 26%
48
49
50
50
50
88% 90% 90% 9179 90
92%
92
92% 92% 93% 92% 93
47% 49% 47% 40
47% 49% 4678 48 108.086 34 Jai<. 2 49%
37
37% 36% 37
3679 37
36% 37% 8,910' 33 Jan. 2 39% Mar.
98% 99
98% 98% 98% 98% 98% 98% 1,395 94% Jan. 24' 99 Apr.
44% 43% 45% 45% 45
45
6,470 41% Feb. 16 49 Jan.
44% 45
98
9878 100
98% 99% 100
99% 99% 1.307, 88 Jan. 3 111 Feb.
86% 87% 8778 83% 87% 88
84% HH
28.711 73% Mar. 11 88% Apr.
105 105%' 105% 105% 104% 105% 104 104%
2.996 101
Feb. 3 107% Mar.
19% 19%| 19
19% 18% 19% 1878 19% 23,197 17% Jan. 2 21% Jan.
1679 18
16% 17% 17
17% 17% 17% 32,.573 11% Jan. 3 19% Feb.
27% 27% •27
28
27% 27% 2778 28% 2,190 15% Jan. 7, 29% Feb.
37%! 37
37
11.800 31% Jan. 26 41% Feb.
37% .17% 37% 37% 39
73 14 73%
73
73
73% 74% 72% 74% 164.1 '00 71 Jan. 2' 81 Feb.
193% 193% 193 193
194 195
1,315 184 Jan. 5 196% Jan.
193% 194
9779 98
97% 9779 97% 97% 97% 97% 949.000 96% Feb. 21 107% Jan.
.<»6i4|
36
36% 36% 35% 36% 36
36% 7,014 3i% Jan. 2 39% Jan.
-87
•87
90
'87
100 80 Jan. 6 87 Apr.
90
87
87
90
12.534 76 Jan. 2 82% Feb.
81
81%l 81% 81% 81% 82%
81% 82
x Ex dividend.
^ Pt Ices from both Exohances.
Ex rights'
;
9
10
10
5
14
113% Mar. 26
108% Jan. 14
138% Jan. 13
2 26%
8,898; 1579 .Tan.
2,180 33% Jan. 2 50
.37
74,629
"a Jan. 17, 92%
13,430 85 Feb. '27 95
•24%
9
26
607e Apr.
670 16% .Ian.
139 45 Apr.
30 81 Apr.
53
90
47% 48%
22% 22%
9% 9%
18% 19%
32% 33
73
73%
20% 21
9%
20
90
Feb.
94% Apr. 10
120
11
90
1,985
3.4C0
17,330
1,432
1,098
20.775
1,410
Jan. la
Apr. 10
Feb. 11
31
Jan.
197g Feb.
64% Feb.
84% Feb.
180 Jan.
93% Jan.
55% Apr.
1,273 100
135
-25
119%
Jan.
Feb.
270 23 J>n.
418 55% Jan.
72
112%
•23
30
14
47% 48%
2278 23%
•9
177,
74
36
108% 108%
46
90
18% 18%
32% 33
72% 72%
21%
33%
15%
52%
-68% 70
30% 30%
14
14%
18% 18%
43
24
•10
11
•68
70
•23
25
89
89%
1081a 10779 109
864
33% 1,940
15%
210
55% 1,381
26% 21,885
69% 96,412
200
17%
16%
220
34
78%
.54%
66
25
90
39.595
8
11,015
235
17%
33% 33%
15
15%
54% 54% 55
26% 26% 27% '26%
70% 6878 70% 69%
•17
19
19
17%
•16
19
16%
75
74
76
78%
•23% 24
•23%
23%
21
•20%
21% 21
33% 33% 33% 33
15
15
15% 15%
51% 52
52% 52%
1779
17% 1779 17%
-73
73% 73% 74
•34
37
36% •35
75
71% 72
72
112% 112% 112% 112%
125 135
135
125
3314
38%
3779
225
17% 18%
6
79%
52%
Mar.
Mar.
6% Jan.
20 Jan.
Mar.
13
34% Mar.
106% Jan.
86 Jan.
71% Mar.
18" Mar.
5 Mar.
96% Jan.
18% Mar.
90% Mar.
73 Feb.
100 Feb.
379 Mar.
8 Mar.
11% Mar.
19% Mar.
60% Jan.
26 Jan.
93 Jan.
100% Jan.
11% Jan.
57 Jan.
23 Jan.
17% Mar.
48% Jan.
32 Mar.
226 Mar.
15% Jan.
7% Jan.
28% Jan.
13% Mar.
52% Mar.
21% Jan.
63% Jan.
15% Mar.
14 Jan.
65 Mar.
19 Jan.
14% Jan.
28% Mar.
12% Jan.
48 Jan.
16 Jxn.
67% Jan.
1,240
21
82% Jan. IS
Mar.
Mar.
90
71% 45,073
93
97
1,'240
3.725
2,774
5J3
1379
4%
Mar.
2.653 __ Jan.
1,475 29 Jan.
250 123% Apr.
154,936 75% Mar.
9,120 41% Jan.
3,336 83 Jan.
253,620 50% Jan.
6,980 105% Jan.
12,041 102% Mar.
400 130 Mar.
93,187 63% Mar.
2,060 22 Mar.
300 77% Jan.
23,405 58% Mar.
242 91 iSar.
2,605 24 Apr.
1.939 129% Mar.
38,672 131 Jan.
30(J
16% Mar.
4,323 56% Mar.
b7s
6% Mar.
im: 52 Mar.
250 15 Mar.
I
19%'
29
63
'.15
17
24%
In 1891.
HIgbeat.
72% Jan.
48
6,'^66 106
326 29
2,151 16
I
105%
I9318
9779 981*
351a 361a
•87
90
80% 8II4
and itkfd; so
72
721a
19% 20
ctfs.
ctfs.
pref.
3779
72
45%
57
230
7279'
19% 19%
24i«
l>o
97
72
24 14
48
Do
pref., temp.
Chicago Gas Co
Colotado Coal A Iron
Consolidated Gas Co
Distilling A Cattle Fced'gCo.
Edison Giiiorai Electric
National Cordage Co
5
12%
I214
18
18%
32% 33 14
9
32%
500
103% 103 103% 103% 103% 103% 103% 2,793
13% 13% 13% 13% •13% 14
14
1,057
•65
67
67% •65% 67%
67^ •65
29% 29% •28% 29% •28% 30
29
29
250
1879 19%
19% 20
1878 1919
19% 1979 10,170
52% 52% 52% 52% 53
54% 53% 54
3,965
Oil Co..
pref.
Do
Am. Sugar Ref.Co..temp.
21
95
80
105
9I4
I8I4
9
24
10779 109
•201a 207e
•92i» 95
27
32%
I
5279
1,870
6.144
16%
125% 123% 121%
89% 92% 91
91
97% 98% 97% 97%
•7%
8
8
8%
•24
•92
IO3I4
1378
•65
45% 47
2278
57
•14
125
27
44
67 12
29
221a
32
14% 14% 1379
58
58% 58% .58
59
111% 112% 11178
111 HI
93% x94
94% 95% •94
7579 7714
77% 78% 77%
9
18
23
52%
101.001
70%
51%
118%
2979
14
3I<S8
-2179
,
Eric
^^
_
Wisconsin Central Co
as
17
124
89
46% I7I4 46% 47%
22% 22% •22% 23
•9
9%
18% 1814 1778 18
32% 3319 32% 32%
45% 45%
I
53
32
31%
6%
5%
133
. .
Union Pacific
Union Pacific Denver A Gulf
Wal>a8h
177s
24
79
105
•4I4
5
•9
10
5
9
12
22
43I3
•92
16
26
27
67%
2d pref
177,
•521,
19
18% 19
New York Lake Erie it Wesfn 19
51% 52%
521a 521s
Do
pref.
37
3618
3658
36%
38% 3714 38
New York * New England
New Y'ork New Ilav. & Hart. •220 235 '223 233 225 235 230
17ie
1714
17%
17%
171s
171s
17H
New York Ontario A Western
8i8
6I4
8^ 8I4 •8
8%
New Y^ork Susquehan. &West, •8
•32»8
33
33
33
33
33
33's
Do
pref.
15
15
•141a 1514 •I414 1514 •14%
Norfolk & Western
54IV
53%
54
53% 53% 54
Do
pref. •53
25%
26% 271s 25% 27
26% 17
Northern Paciflo
69I4
7II4
«!%
7118
71%
70%
71%
Do
pref.
15
16%
•15
•15
iO
20
19
Ohio A Mifisissipi i
'16
•16
"16
19
19
19
Ohio Southern
•72
•72
72
73
73
73
Oregon R'y A Navigation Co. •72
•22%
23 14 24
24
24
Oregon i-h. Lino A Utah North 23 13 2314
21
21
21% 21
21
21% 21
Peoria Decatur A Kvansviilc.
32
32
33
32% 321a 32% 32%
Phila. A Read., vot. trust, cert.
14% 147^ 15
Pittsburg Cinn. Chic. A St. L. •14I3 1514 •141a 15
•51I4 52
•51
51%
52
51
51
Do
pref.
Richmond AWest P't Terminal 17-'9 1778 17% I8I9 1778 1819 17%
•74
76
72
74
73
74
Do
pref. •72
35%
37
Rio Grande Western
351a 36
361a 361a •36
74
74
7Ha 711a "72
Do
pref.
112%
112 1121a 112 112
Rome Waterto wn A Ogdeusb'g 111 113
1'25
135
125 135
125 135
St. Louis Alton A T. H., pref. •125
11
10
10% 10% 1078 1078 -10%
St. I-. Ark A Tex., tnist reo.
66
63
63
St. Lou. A San Fran., Ist pref.
•631a 67
631a 67
•23
•23
•23
25
26
26
26
St. Paul A Duluth
*86
'86
90
89
89
88
88
Do
pref.
108
109
St. Paul Minn. A Manitoba. .. •108
1081a 108 12 10879 109
'29%
30
30»8 31
30
Southern Pacific Co
301a 30 13
•14
1379
1419
Texas A Pacilic
13% 1379 13% 14
I8I4 I8I4
I8I4 18i» -17%
I8ia ISHi
Toledo Ann Arbor A N. Mich
-42
•40
60
49%
Toledo A Ohio Central
60
45
45
•82
*8:i
90
90
Do
81
81
pref. •82
Wheeling
4%
LowMt.
Shares.
133% 133% 134% 13414134%
136% 135% 136% 136% 137
136% 137%
17% 18
•17% 18
171s M7% 17%
5878
58% 59% 59% 5979 59% 59%
714
7
6% 6% •6% 7
7
13314
59
59
llOOglll
96I4
95
10
12
21
13% 13%
.
Do
207,
96 13 961a
13% 14
58 14 58%
•92
102>9 1021-1 103
New York Central* Hudson
New York Chic. A St. Louis
Do
29% 80%
•47«
6%
79% 79%
50% 51%
63
8818
& Texas.
Micliigan Central
8h.
38% 29%
S3
123
90
97
Manhattan Elevated, eonsol.. 107 108>4 107 12 109
•1978 2013
Mexican Central
Milwaukee Lake
29%
4%
Ranfa of talaa
Week,
Friday,
April 10.
82% S3
124 126
124 126
133m24 •123 126 •124 127
8SI4 8414
83 14 85% 8478 87% 86% 87%
8414
sm
49>« 53
5118 53
53% 64% 64% 66%
49
49
937,
94
92
94
94
94% 94%
94
91>a 92
5978 6O79
5779 58%
5678 58I4
58
59% 60%
597fl
112 112% 111% 112%
llOi«110% 110% lllly 111 112
10678 107»« 1U7%108% 107% 108%
106 106% 10618 107
13479 13479 134% 135
•133 1341a 134 134ifi 134 134
73% 75
74
73% 72
76%
71
72% 72
737h
25% 26
•25%
26
27
25
25
251s 25>a •25
•80
•80
•80
83% 84
85
82
83% 83%
82
61
62% 61% 621a 62
62% 62% 63% 62% 63
03 14 93 >4 •91
91
93
93
93
93
93
93
•25
^25
26
26
25% 26
24
26
26
2B
96
7
22
Iowa Central
Do
17
125
nilnois tV'ntral
Louisville St. Louis
April 9.
32% 32
.
Do
Aprils.
I8H
Columbnn Ilooldng VaL <Jc Tol.
133
134
Delaware & Hudson
136% 135%
Delaware Lackawanna ib West ISSi^ 1361* 13579
''17
•17
17^1
171a •17
Denver & Rio Grande
58I4
5814
58
57^8 SMig
Do
pref.
'6%
•6>2
6''6
6%
6%
Kast Tennessee Va. & Oa
•54
•55
60
60
Do
1st pref. •54
Evan.ivillo
7.
I8I4
110
105 "a 106 '8
132 134>«
69«i 71
•22
24 19
•80
82
60% 81
•90
93
24 >s 24^8
183
133 134
pref
& Northwestern
Ctiioaffo St.
iSH 29%
28>«
Thanday,
70%
781a
78"i» 78%
78 >4 78»B 78'«
51%
80% 8O79 SO'g 6U7(, 50% 50%
BO
90
118
115 116% 11618 117
I16>all0ia 116% 118
114>«11S
•29
•29 "a 30
29
29
29% 20% 29%
30
•29
30
CtiDadti Hoiittu'ru
New .Icrsry
Ctaiwapi
April
e.
78l>»
Central nf
Onlrnl
April
tialu
of the
Wedneaday,
TuMday,
Mondar.
BatOTday,
April 4.
14
14
12
14
14
Apr. 9
Apr. 9
Apr. 10
Jan. 14
Apr. 9
16
7
12
5
6
2
17
13
13
26
10
14
IB
14
9
•
.
6
—
u2
1
1
THE CHKONICLE.
562
NEW YORK STOCK
Apitl 10.
Range
[
S5
160
100
100
& Susquehanna
Atlanta & Charlotte Air LU... .100
Belleville & South. 111. pref....lOO
Albany
—
Boston&N. Y.AirlJne pref
Brooklyn ElcvatedT
Buffalo Kochester & Fltts
Preferred
Burl. Cedar Kaplds <feNor
California PacillcIT
Cedar I'alls & Minnesota
Atl.,
&.
{sales)
in 1891.
Preferred
Shore
8.
12
152
50 150
{ 4%
100
J
20
3%
11
10.-! I2
Feb.
Apr.
3738 Apr.
7812 Apr.
25 Feb.
Feb.
Apr.
Jan.
Jan.
Apr.
30
Feb.
152
Jan.
5
IS
Jan.
12
Feb.
5
51s Feb.
11
14
2312
25I3
123i Jan.
18^8 Jan.
85
78 Mar.
83
:
6l2
Hh 6I2 Jan.
Georgia PaciflcH...:
8
Hh 6I2 Jan.
Green Bay Win. & St. Paul....l00|
3I2
2 Jan.
7
lOOj
Houston & Texas Central
9012 Jan.
100 90 100
niinoia Central leased lines
14
Mar.
14
15
100
Micliigan
&
Kanawha
1
Feb.
5
100 • 3
Kookulf & Des Moines
7 Jan.
100, *
7
Preferred
28 Feb.
I/)uisv. Evans. & St. Lo., cons.lOO!
55 Jan.
100 t 63
Preferred
I^n.St.L.&Tex. Beepreeedingpage
50i J 7714
7713 Apr.
Uahoning Coal
101 Apr.
50 104
Preferred
36 Feb.
25
Memphis <s Charleston
5 Jan.
100
Mexican National
143 Mar,
50
Morris & Essex
104 Jan.
100
K. Y. I.aclt. & V.'ostern
21>2 18 Mar.
100 20
H. Y. & Northern pref
6
Jan.
100
6
9
Peoria & Eastern
152 149 Jan.
Pitts. Ft. Wayne & Chicago. .. .10" 150
* No price Xhuisday; latest price this week.
lOdi
lOOl
100
100
9
14%
SECURITIES.
1906
1906
Class B, 58
1906
Class C, 48
1920
Currency funding 4s
Arkansas—6s,fund.Hol. 1 899-1900
do. Non-Holf ord
7s, Arkansas Central KB
Louisiana-78, eons
1914
Stamped 49
Missouri-Fund
1894-1 895
New York
City
to
5
Mar.
Jan.
Jan.
Jan.
Jan.
Phlla. Natural
Gas
913
I5I2
1893 101
108 "4 North Carolina— 68, old
J&J 30
102
Funding act
1900 10
New bonds, J.&J.. ..1892 1898 20
1081s
15
180
7
3
Chatham
90i«
week ending April
for the
two ciphers
(00) in all cases.
Bank
New York
of
Mannattan Co
Merchants'
Mechanics*
America.
Pbefdx
:
City
Tradesmen's
Chomical
Hercliauts*
Exchange
Gallatin National
Butchers' & Drovers'.
Mechanics' & Traders
Greenwicli
Leatnei Mannfact'rs.
Seventh National
State ot New York....
American Exchange.,
,
Commerce
Broadwjiy.
Mercantile
Pacillc
BepnbUc
Chatham
Peoples'
North America.
Hanover
CitlzeDS'..,..
Kassan
Market* Fnlton
St Nlcliolas
A Leather
Kxclinnge
Continental
Shoe
Com
';
& Traders'
Park
Kast Kivor
Fourth National
Second Naiiou.il.
Ninth National
First Natiuual
l-h-'ra National
N. V. Kat'l Kxchanee
'
Bowery
Hew York County.'.'.''
German. American
Chase Nutloma
Filth Avenue
'".'.
Garfield
tilth National...";."
Baakof theMetrop...
West Side
Seaboard
National."!";'
Western ^atlollnl...
Flnt National,B'klyn
.
Legale.
Deposit*.
$
s
S
S
S
S
l,g07.,5
1,478,.5
1,B24,S
2.0ul,8
659.6
2.552,(1
107,3
6,451.0
127,2
2P4
5a7,4
20a,7
143,7
600.
200,0
600,0
300,0
1,200,0
8,000,0
6,000,0
1,000,0
1,000,0
422,7
1,500,0
450,0
200,0
11,*;20,0
10,718,0
7.172,9
9,140,0
14,139,1
4,935,0
10,291,0
'.i.OSG,
22,45.5,
3.52l!,_
B,H20.8
1,748,9
2,060,0
l,5',i7,5
300,0
!l
7:,!!
480,1
2,(IG7,0
1,031,1
944,1
42i,G
96(1,7
758,1
8117.4
B54,(i
1,000,0
500,0
1.001,3
600,0
600,0
760,0
600,0
600,0
421.0
232,b
731.6
103,6
256,2
1,000,0
1,000,0
300,0
1,1(16,4
'-!87,4
SOI.',!
404,5
1.200,4
2,881,4
1,317.6
3,451.4
18,097,0
20,«67.7
5.607,0
8.412,8
2, 3; 8.
10,9f4,8
6,043.0
2,242,5
3,.''«8.1
13,668 5
3.093,0
2,866,4
2 950.7
4 040,7
1,801,1
2,700,0
7,137.0
4,382,8
2.131,1
23,216,0
21.684,4
2,180,0
1,263,0
.,140,0
1.443,.'
623,0
606.7
1.451,0
2,151,4
1,304, :i
l,I7.i.0
1.008.9
277,2
6,491,1
871,3
953,5
420,6
no.(j
189.3
548,2
301.1.
286,3
3,215,0
755,9
6l.'(.0
172.0
1,170,0
139.1
1,733.0
403,8
275.2
64,7
220.0
109.2
3:4.6
C9.1
280.1'
11,925.8
6,403.1
2,938,3
4.085.6
15,133.6
3.123.0
2,975.9
3.862.3
4,125.5
1,788,4
3,147,0
6,66 ;,o
5,013.1
1,870,0
54,052,0
25,438,1
1,118.5
17,882 4
7,223.0
5,818.0
6 074,1
22.529,3
3,687,0
1,414.7
2,H84,0
3.145,2
168.(1
478,0
1,254,3
1,065.4
142,2
4,747,0
5,026,0
205,7
3.069,8
1,687.0
S1G2
374,2
201,1
28U,0
208,0
246,8
287,(.
6,6-^0,0
357 8
320 6
1,462,0
4,477,8
1,'^74,0
9.i6,4
8,757 4
23!61',J,1
'.Oti
3.596,8
1,476.1
2 49S<,0
2,843,
2,759,0
10.808,9
1 3t)7,0
2 88u,3
5,007.5
776,4
585,11
65'l.0
289,3
337.7
280 9
161.9
180,0
147.0
575,3
2,0^2,8
1,040,0
148,1
2,.'>60,3
245,8
66,4
1,039,4
220,2
739,2
4 17f,7
3,678,3
1,289,8
5109
480.7
607.7
38M.5
834,9
301 3
228,2
8ti9,6
6C9,i
2,200.0
1,612.0
12'2,4
1,015,8
838,0
75,0
289.0
68.9
370.1
4«3.8
8i4,7
4'23,2
4
1
809,1
'997,0
19.',0
60.(,4
808,8
236,6
167,5
870.1
4«40,0
2j(l.3
10,0.il,6
914,0
185.0
1.2.0,6
3.722,0
806,0
462,u
225,0
296.0
134.0
1,247.6
158,0
783
1
1
455,0
l.k|22.3
1,908.0
1.168,3
2,523,8
1.428.3
2,641,9
15,491.0
18,K44,7
4,605,8
687,4
167.0
400,7
795,1
265,3
167.8
540,7
100,0
200,0
200,0
600,0
300,0
200,0
160,0
300,0
200,0
600.0
200,0
3.500,0
300,0
4,481.3
1,561,2
17.946,9
139,!
4S8,1
5S8,X
272,7
9»«,0
798,1
4,3:11.0
949,4
413.7
603 3
4,160,0
614.0
629,2
393,7
750.2
110,11
l,062,li
250,0
24,,-'47,3
1,63'2,5
2.598,0
200,1,
1.812.'2
334.0
5,029,(1
750,0
500,0
10,140,9
400,7
250,0
1,000,0
800,0
4.779.11
»23,;i
l,423,fr
i,50n,f-
1 •,^<'9.0
11,580,0
10,011.0
7.346,9
7,880.0
13,725.9
8U4.0
2.519,0
380,9
1,027,!
Z,OflO,ll
600,(
Germauia
Potai
Specie.
750,0
German Exchange.."
^xth
Loans.
3,200,0
2,000,0
300,0
Central National....
United States
Lincoln
Surplus.
700,0
Irving
Oriental
Importers'
Capital.
3,000,0
2,050.0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750,0
300,0
600,0
1,000,0
2U.0
60.910.1 63.410,7 412>9.3.5 77.1401 38
162.7
9.06l',3
'2,76
New York
Bahkb.
liAMKn.
(00< omitted.)
'.,9
2557,2
12,-'11,2
4,683,4
8,3S2..S
2,844 :i
4,494,4
4,'i52,8
4.337,
2,021,5
4.959.7
2,023,0
4.585,0
1,265,0
9,358 4
3,687,
iT^ieTO
331a Apr.
919 Feb.
Mar.
15
M»r.
148
142
Jan.
150
Feb.
42
1
15%
26>4
120
113
80
98
103
16
11 %
19
7212
82
1618 15
107 10312
26
23 Is
18% 15
52
20
17
71
41I2
48
16
15
70
38
40
39
9%
Jan.
Jan.
Jan.
Feb.
26I4 Ai)r.
Jan.
26
80
83
Mar.
Mar.
Apr.
Apr.
Mar.
19% Jan.
Jan. IO8I2 Mar.
Mar. 26 Jan.
2013 Jan.
Jan.
60 Jan.
Apr.
Mar. 16 Mar.
17 Jan.
Jan.
81 Jan.
Apr.
Feb.
423s Jan.
Mar. 12 Jan.
44 Jan.
Apr.
39
6%
6
39
23
Fell.
34
Jan,
Pblln.'
Mar. 21 ...
23
38
6%
5i4Jau.
38 Jan.
10.
SECURITIES.
Bid.
96
65
75
Ask.
100
—
City,
Boston and Pliiladelpliia Banks
Loans,
Specie.
Lf^ials.
Deposits,-' C^i^c'rn
Oleanngs,
*
7.8,667.8 85.431,5 412 173,3
77,655,7 84,820.6 410, 7311,9
77,731,1134,878,4 414, 2'.6,6
77.786,6 84.571.6 415, 461.6
412,39,<,5 77,140,1:83,162,7,115, 631,3
404,823.7
404.158.3
408,112,5
410,493,2
Boston.*
Mar. 21...
" 28 ...
Apr. 4...
Mar.
Jan.
Feb.
settlement, Os
1913 10212 107
5s
1913 100 102
38
1913 7II4 711a
Virginia 6s, old
68, consolidated bonds
6s, consolidated, 2d series, rects.
6s, deferred, I'st rec'ts, stamped
7>s
Surtylxts.
*
W. York.'
Mar. 7 ... 12.-!,549.9
"
11.... 123.810.6
" 21.... 123.810,0
" 28.... 124.261.7
Apr. 4 ... 121.320.8
Feb.
Feb.
123
82
101 13
Mar. 21
New
4
4
Consolidated 4s
1910 97
6s
1919 122
Rhode Island— 6s, cou.. 1893-1894 102
3I2
South Carolina—6s, n6n-fuiid.l888
104
We omit
ER
Special tax. Class 1
92
Feb.
14
S.C. icont.)— Brown consol. Os.1893
Tonnes.see— 6s. old
1892-1898
1912
Comi rouiise, 3 4-5 6s
Ask,
Bid.
New York—68, loan
105
Bank Statement
4, 1891, is aa follows.
SECUEITIE8.
Ask.
H
Jan.
Feb.
Feb.
Jan.
40 Feb.
41
94 Is Apr.
d6'8 Jan.
I6I3 I714 14
100
Mar. I712 Apr.
100 6712I 70
65% J.iu. 70 Jan.
100 ;i42ia'
137 Jan. 145 Feb.
Texas Pacific Laud Trust
U.S. Express
Wells, Fargo Express
Bid.
150
Mar.
38
Mar. 183
5
Jan.
5
Feb.
26I2 Jan.
3I2 Jan.
50
22
Apr.
Jan.
8
I52I4 Mar.
103
108
97
104
IO4I4
28
175
35
NEW YORK STOCK EXCHANGE TRICES—STATE BONDS APRIL
Alabama— Class A, 4
Bighest.
15
]48i«Mar.
110 Mar.
5
33
:
in 1891.
l/owest.
100
Postal Tclegraph-CableU
Quicksilver Mining
100
Preferred
100
Sugar EeJin. Co. trust rects.l.. 100
40
Ask.
sales.)
{sales)
nilsoellancous Stocks.
Feb.
Feb.
Apr.
Apr.
8% Jan.
8I2 Jan.
Apr.
3
92 Feb.
16 Fob.
4 Mar.
lli2Fcb.
3012 Jan.
63 Jan.
85
105
Mange
10.
50
50 3512 36
100 175 185
100 143
AdarasExpress
40
Amerlct n Bank Note CoTT
American Cotton Oil trust ree.lOO} !25?i
American Express
100, 118
100 J 82
Am. Telegraph & Cable
American Tob.acco Co., pref ..100 101
I4I2
100
Brunswick Company
Buckeye Pipe Lino
Chio June. Ey. & Stock Yards. 100
751s
100
Preferred
1 00 J 16
Columbus & Hocking Coal
100 105
Commercial Cable
100 23i<>
Consol. Coal of Maryland
100
1712
Laclede Gas
100 46
Do
pref
I.ehtgh & Wilkes. CoalU
16
ISij
Maryland Coal
100
100
69
Minnesota Iron
100 40
National Lin-sced Oil Co
100 t 10'4
New Central Coal
100
Ontario Silver Mining
38
Pennsylvania Coal
50 260
6
15
25 12
85
—
Bid.
Indicates unlisted.
Virginia Midland
81a Apr.
Mar.
Inlhites actual
AprU
Pittsburg & Western
Pref eiTed
Eensselaer & Saratoga
St. Joseph & Grand Island
St. Louis Alton & T. H
South Carolina
Toledo Peoria & WesternH
Toledo St. Louis & K. CityU
Feb.
418 Feb.
148
5
4>4
100
100
100
100
30
29
74
25
10
lOOi
lOO!
100;
Preferredli
Flint &Pere Marquette
Praferred
16212 Mar. 167
iVo
133 150
100 100
31
100 29
100 {37% 37^8
100 ; YSJa
35
100 20
100 1212 15
100
7h 9
lOOj
& Atlan.TT
Loicesi.
(t
Inactive Stocks.
Highest.
94
Benef. trust rect8.1I..
Cleveland* Pittsburg
Columbia & Greenville pf
Des Moines & Fort Dodge
Duluth
Ask.
Bid.
f Indicates unlisted.
Rallronrt stocks.
Alabama A- ViokbuTgH
[Vol. LII.
EXCHA.N(JE PRICES (Continued)— r,VACr/FS STOOKS.
Inactive Stocks.
Chic.
:
.
.
•
8.523,5 6'20,593,3
3.527,9 570,465,4
3.488.1 602,533,9
3,561,1 40-1,2,12,1
3,491,0 577,130.3
65,842.9 134,161,4 10,035.9 4,185.3 128, 019.8 3.2'28.5
65.842.9 154,072,4 9.K06.li 4.141 8 I2r), 643.1 3,246.9
65,b4'2,9 154,761,2 9,081,11 8,754,5 128. 774,4 3,054,7
88,234.3
74,>»t5,G
81,711,7
35,798,7
35,793,7
35,793,7
86,887,0
26.810,0
813,0 3,130,0 02.667.3
'
28....
95,592,0
23.960.0
897,0,2.143,(1
49,179,8
Apr. 4
96,228,0
25,857,0
653,0 '2.134,0 66 326,5
* We oiait two ciphers in all ttiese figures,
tlncluainA, tor Boaton ana Pan a
delpbla, the item " due to other bancs."
City Railroad Securities— Brokers' Quotations.
Atlantic Av., Bklyn.St'li.
Gen. M., 53, 1909...A&O
Fui. K. -stk.
Bl'okerSt.
Ist mort., 78., 1 900-. JAJ
Br'dway JS 7lhAv.- -si'k..
let mort., 5s, 1904 . JAD
2d mort, 5o, 1914. ..J&J
112
105
21
110
190
105
'^4
8'way let, 68, gu
2nd 6s, int. as rent., '05.
Brooklyn City— Stock..,..
1st mort., 68, 1902, .J&J
104
96
.52
100
108
100
160
117
120
A
B'klvnero3St'n5».. 19U8
Bkn.O'y&N'n53,1988 J&J
Central Crosstown- bt'k..
1st mort., 6s,1922.M&j;
OentPk.N.&K.Riv.— stk.
1(14
Consols. 78, 1902 ...J&D 115
Dry Dk.E.B.& Bat'y— atk. 137
1st mort., 7s, 1898.. J&D 102
Bank Stock
List
lis
107
27
112
200
107
106
106
1011
157
108
110
102
160
12(1
125
117
140
104
Drv DockE. B'y& B.—
in
F&A
Scrip 8»
100
BlKlith Av.— Stock
200
EiKlith A v.— Scrip, 63, 19 14 105
42d
ar'ud St. F'ry— Stk. 235
Isl mort., 73, 1893.
104
42aSt.Mauh.& St.N.Ave.: 38
l.st mort., 63, 1910.. MAS 112
&
210
107
242
104
A&O
2d .Vt,, income.Sa
J&J| 60
Houst.\V.9t.& I'.F'y- Ktic. 200
1st mort., 78, 18'34..J&J 100
Ni,iih Avo
100
So Mind Ave. — Stock
112
l8t mort, 5s, 1909. II&N 101
Sixth Ave.— Stock....
225
Third Ave. -Stock.
280
l3tM., 5s. 1937. ... J&J 107
Twenty-third St— Stock.. 225
Ist mort, 7s, 1893
102
I
40
114
52
107
105
115
106
206"
110
'I'ci"
— Latest prices o£ bank stoclts tins week.
BANKS.
UAtika.
212 2121a' =JaUatln
America
GarUuld
Am. Bich... .Si's 156
German
Asbury Park
"
I
BANKS.
Bid.
300
330
Am. 120
3';2" German
j'o'ii
Bowery
Ex. 320
Germauia
Broadway... 285 290
300
1:5
Greouw*,»h.. 145
Batcli8'& b,'. 170
187
130
Hanover
Central
843
l!;0
(Hna. Klver.. 140
Chase
li)6
i'io" Im. & Trad's' 540
Chatham
4600 51100 Irving.
Chemical
190
480
Leather Mts' 250
CUT
I'ec'
Lincoln
Citliena'
330
260
Columbia
Manhattan,.. 175
Commerce... 195 200
MarketA t'al 225
139
Mechanics'.. 200
Ckmtlnental 185
M'clis'& Trs'.
Corn Exch... 250 251
112
Deposit
Mercantile... 2'l"l'"
Merchants'.. 158
Kast Kiver. 160
Merch'ts Ex. 124
nth Ward... 200
6 '4
1800
rUthAve
Metropolitan
300
Fifth
Metropolis... 100
2000
Mt. Morris .. 450
First
IfirstN,, S. I. 101
Alurray Hill. 800
Nas«au.
14Ui Street. 170
170
170
Fourth
New Yorlc... 243
Bid
N.Y. CoHDty. goo"
i23'
840
N.Y.NatEx.
135
Ninth
iHth Ward..
'r5'o*
N. America.. 165
Oriental
210
300
Pacitio
.
Park
1885
550
People's
281
193
Phenix
Ploduce Ex.
Kepubiio
Seaboard
Second
Seventh
Shoe&Leath.
130
111
___
170
325
123
155
St Nicholas.
12,1
262
206
2'23"
162
126
State of N.Y. U'8
Third
1(15
Tradesmen's. 1(10
Uuii'd States 200
Western
100
West
180
100
Side... •200
135
115
180
109
112
100 <«
—
April
J
F
J
.
'
,
THE CUaONlCLE.
IJ, 1891.]
5«3
AND BALTIMOBE STOCK EXCHAMGJS8.
—
Piic«a
not Per Centnm Prices.
Bales
BOSTON, PHILADELPUfA
(7" Share
Active Stocks.
1
\
11
Iudlcntc'8 iiiiltstod.
At<'h. T.
Atliuitlr
&
A
BHlHmori>
8.
Fn
( lloalon)
.\00
"
100
Pnr.
& Ohio
iBt prcfi-rrod
Jd prpfcrriMl
Monday
April 4.
April 6.
AprU
28
28%
28't
280)
100
100
'•
"
•
4%
Tuesday,
29>ii
4^8
85
•
85
120
202
•
119
202
(nail.). 100 •
4^8
•
118
202
201%
BOBtunA: Albunv C7<o«(o»; .100 202
177 177 •176
"
100 *17« 178
BoatoD & I,owi'll
207
"
Boston A Miiino
100 206 200 •206 207
18>g
"
Central of Mtt«».
100 •18«« 10>s •ISij la's
38
3a»«
"
Prt-forrod
100 37'» 37>« •37
83>9
"
Cl>lo.nur.&Qnln.
100 80'8 81 39 SlOg 84
57T8
5818
5618
57
Chic. Mil. A Ht. 1'. (P/iU.j.lOO
45
46
46
45 >4 40
Chlo. A W. Mkh. (Uotloii).lOO
100
100
"
100
"
FL & Perc Marq.
100
"
Preferred
100
Hunt. & Br. Top. (Phila ) 50
"
Preferred
tO
LehlKh Valley
"
50
Maine Central rBo»<on;. 100
Mexican (Central
"
100
"
N. Y. A N. Eng.
100
Preferred....
"
100
Northern Central (Ball.). 50
Northern Paolllcfi»Ai7a.>.100
Preferred
"
100
Old Colony
(Koslon).lOO
Pennsylvania.. (Phila.). 50
"
Phlladel. & Erie.
60
"
Phtln.&ReadinK
50
Biininilt Branch (Boston). 50
Union Faelflc
'•
100
United Cos.ofN.J.cP/iiVa.noO
WostornN. Y.&PaCi'Aito.; 100
•5»9
'•
'
.
84
84
82
23
43
82>«
•80
•221«
4Sis
200e
3GI3
36>ia
eo»a
•
20Tg
71>4
27
71i«
166% 166%
•
45
48^ 43%
45
48
48%
2014
20!>8
20%
I0718 109
6518
27 12
27
29
2it'8
30
15iSig
163e
29
16
le'ir
*45^
4r,38
46
46%
•225
.
83%
86»s
87
89%
9i)%
90%
9mi
925f.
19713
1778
17%
45
23 14
22 14
2514
2214
(i<o«.)100
(Boston) 100
.
100
Seaboard <k Roanoke. (Bait.) 100
1st preferiBd
••
100
WestEnd
.(Boston). 50
Preferred
"
50
West Jersey
(Phila.). 50
West Jersey * Attan.
"
50
Western Maryland..
(Ball.). 50
Wilm. C0I.& Aucusta
"
100
"
WilminKl'n&Weldon
100
Wisconsin Central. .. (Boston). 100
Preferred
"
100
Worc'st.Nash.&Roch.
"
lOO
,
MIW-KLI.AKKOCS.
Allouez Mining
(Hoslon). 25
Atlantic Mining
"
25
City Passenger RR... (Bait.). 25
State fJas
(Boston).
Boston Land
Centennial Minin)?...
Fort Wayne KUclrlc^
Franklin Mining
Frenchm'u's Bay L'nd
Huron .Mining
XUiuois ateelll
50
10
10
25
25
6
25
100
25
Ask.
94
253
38
87 '4
86
60%
87%
89% 60%
46>a
46V,
461,
6ia
-5%
ei«
19%
19>4
831a
83
19Se
83i«
2514
48I9
48°8
481a
23>9
•84
23
85
23
48%
48°8
48%
ilO's
20 ia 20%
2OI4
21 Is
381s
64% 64%
6518
51l>8
•2914
I6I4
46'>S
38
112
63i«
•65
26% 27%
26=8
68% 70
106
37% 38%
69
166
166
7058
166
29''h
16i«
•2914
16»,s
46>a
471a
48 14
225
112
6514
26% 2718
69% 70%
10614 I66I9
5158 5178
29I4 2Ji2
51% 51%
51%
16 '8
1612161S,.
6
•8I4
81s
838
88
OOH)
90=8
9134
go's
93
88I4
92I4
901a
92
197% 197
ir.ig
4314
501?
17i«
•49 la
18
47
46I4
•50
17
44
45
270
60
•
18i«
431s
2314
I519
•265
92%
93
197
197
44
93 H.
190
265
198
46%
51
4618
-50
461s
161a
45>9
2319
46I4
251*
51
1714
21% 21%
43%
15% 15%
265
265
56
48% -47% 48
I7I3
18
•49I3
50
17
17%
46% 46%
46% 46%
51
51
51
17%
17% 17%
47
47
25%
25% 25%
2178 22%
21% 21%
Bid.
Hlsbest.
Mar. 10 32% Jan.
734
4»8Mnr. 10
6 Jan.
65 85 ."Mar. 4 93% Jan.
8 127 Jan. 7 131
Apr.
14 113
Jan. 6 118 Apr.
116 192 Jan. 3 205 Jan.
27 173 Mar. 12 183% Feb.
1)3 198
Jan. 2 209% Feb.
53 16% Jan. 2 20% Jan.
1,454 34% Jan. 2 40 Feb.
24,346 7678 Mar. 7 93% Jan.
24,600 81 Jan. 2 60% Apr.
i25l 41 Mar. 13 61
Jan.
6 Mar. 14
7 Jan.
3,301 17 Mar. 14 20% Jan.
431 82 Mar. 9 85% Jan.
41(1
18 Mar. 19 25% Apr.
203 76 Mar 12 85 Feb.
323 17% Jan. 2 23 Feb.
883 43% Mar. 20 46% Jan.
1,074 46% Mar. 251 51 Feb.
5 140 .Ian 1.^ 146 Feb
9,636 17% Mar. 23 24% Jan.
8,283 32% Mar. 9 4158 Jan.
777102% Mar. itllO^Jan.
5 64% Mar. 23, 66% Feb.
8,606 2134 Jan. 2i 2958 Jan.
17,182 6358 Jan. 2 74 Feb.
252 1C5 Mar. 5,168 Jan.
3,319 30% Jan. 2 52% Jan.
6001 28
Mar. lol 32 Feb.
30,060 I414 Mar. 10 17J.« Jan.
4% Feb. 5 658 Jan.
5,324 42 Jan. 26 48% Jan.
30 223 Jan. 6,230 Feb.
515
7% Jan. 2 9 Feb.
38I4 Jan. 17
92%
81% Mar. 11 94
501 tl84 Jan. 29 220
1,727 3!»i4Jan. kl 46%
7751 13i4Jan. 2 17
94 246 Jan. 3 280
49i4Jan. 27 55
4241 45% Jan. 7 49
53 4658 .Ian. 3 50%
1,160 15 Mar. 30 24
1,099 46 Mar. 25 48%
3 50 Jan. 3 52
3,310 l'i%Jan. 2 19%
4,489 41% Mar. 10 49
644 25 Feb. 5 26
3,030 21 Mar. 13 23%
4714
1
tEx
Ask.
Apr.
Jan.
Jan.
Mar.
Jan.
13
13
12
8
7
30
6
13
19
2
13
9
9
6
15
6
10
13
10
9
3
11
14
15
15
6
13
10
8
14
10
7
12
12
5
11
10
14
14
31
14
31
27
14
31
Mar.
Feb.
Jan.
Mar.
Jan. 9
Feb. 10
Jan. 9
Feb. 17
Jan. 31
Jan. 5
Feb. 7
rights.
Bonds,
63
1919, Van
Collat. Tr. 4% g
1913, J&DI
Pa. AN. Y. Canal, 7s... 1906, JAD
Consol. 5s
1939, AAO'
J'
IPerkiomen, Ist ser., 58.1918,
IPenna. Consol. Ss, r
I
3
1
13%
Bonds.— Boston.
!'
Q—
At.Top.&8.F.100-yr.l.!;.,19Sn. J&J
101
78
100-year income 5 g., 1989. Sept.
48% !Pnila.AErlcgen.M,5g.,1920,AA0l 110%
Burl. & Mo. River Exempt fis, J&J
113
Gen. mort., 4 g
1920, A&O, 98%
1918. J.tJ 105
Phila A Read, new 4 g.. 1958, JAJ| 79% 79%
Non-exempt 68
53
Plain 4s
1910, JciJ
87
Istpref. income, 5 g, 1958, Febl
53%
36
ibi%
'2d pref. income, 3 g, 1958, Feb. 11
Chic. Burl. & Nor. Ist 3,192(!, A&O 101
36%
27
lOls, J&D, 100% 101%
23
2d mort. 68
,3d ptef. income, 5 g, 1958, Feb. 1
101
1893, AAOl 106
Debenture 6s
1896. JAD 100
2d, 78
Cliic.Burl.&Quiney4s..l922,F&A
87
83
Cousol. mort. 78
1911, JADl 128%
191!»,
9!
92
Consol. mort. 6 g
1911, J&DJ 116% 120
Iowa Division 43
103%'
IChic.&W.Mieh. gen. 5s, 19-21, J&U
ImprovementM.6 g., 1897,
95
96
Con.M.,5 g.,stamped,192'2,M&N| 101% 102
IConsoI. of Vermont. 5s. 1913, J<ScJ
89
Phil. Wilm. A Bait., 4s. 1917, AAO
iCurrent Elver, 1st, 5s. ,1927, A&O!
110
Pitts. C. & St. L., 7s.... 1900. FAA i'l4%i'."ir
Det. Lans.&Nor'nM.78.1907,J&J
44
Po'kcepsie Bridge, 6 g.lOSO, F&A t 43
Eastern 1st mort. fig., I90(i, MiS 121%
Iree.Elk.&M.V.,lRt,6.s.l9:):i,A&0
Schuyl.K.E.8lde,lst5 g.l935, JAD 104%
117
Unstamped 1st, Gs. .1933, A&O
Stenben.&Ind. 1st m.,5s. 19 14, JAJ t
1894, AAO| 104
United N. J., 6 g
K.C.C.& Spring., lst,.">g.,19'.'3,A&0
K. C. F. 8. & M. con. 6«, 1928, M,tN ;107 108 UVurreu A Frank, lst,7a,1896,FAA! 103
i
I
AAO
66%
66
199
48I4
401a
'50
I714
461a
251a
Loweet.
24%
59,288
92% 29,533
43
15%
263
•53
471a 48
50
50
ISk •17
18
838
Week
Shares.
5,3(:4
44
4378
*l5ia
151s
270
4814
sole
1758
4558- 4012
2514 251a
Zl's 21'e
22%
223
•
838
270
"ib"
225
48%
471a
8^4
44>a
16
I6I4
226
*
Inactive stocks.
7%
I
AAO
,
,
. .
,
I
,
I
,
K.C. Mem, & Bir.,I st,5s,19'.;7, MAS
K.C. 8t. Jo. AC. B., 7s. .1907, JA.I
Bonds.— Baltimore.— ,, ,1
& Charl., Ist78, 1907, JAJ 119% 120H
Income 6s
1900, AAO, 100
103
L. RockA Ft. 8., Ist, 7s. 1905, J AJ
97%
98
Loul8.,Ev.A9t.L.,lst,6g.l926,AAO 106% 107 IBaltimore A Ohio 4g., 1935, A&O
99
1936, A&O
106%
2m., 2— 6 g
Pitts. A Conn., 3 g...l925, FAA 104
1925, A&O
Staten Island, 2d, 5 g. 19-26. JAJ 101
106
4
Mar. H. A Ont., 68
19'23, JAU 100%
BnI.AOhio8.W.,l8t,4%g,1990,JAJi 93
62% Exten. Gs
95%
CapcF.&Yad.,Ser.A.,6g.l916, JADj 103
104
Mexican Central, 4 e... 1911, JAJ 72% 73
1916. JADj 102
Series B.,6g
102%
1 St cousol incomes, 3 g, non-c u ni
S6
1916, JAD: 102
103
81
81% 2dcousol. incomes. 38, non-cm.u. "19" 20% Scries C, 6 g
1930, MAS'
Cent. Ohio, 4% g
85
122
83%; N. Y. A N.Eng,, Ist, 79, 1903, J&.I
1905, ,r&J
Ist mort, 68
Charl. Col.&Aug. Ist 7s. 1895, JAJi 108
55
115
108^
1902, F&A
101%
25
2d mort. 6s
Ga. Car. A Nor. 1 st 5 g. 1929, JAJ 101
1900, JAJ 113% 114%
14% 15%! 2d mort., scaled, 5s...l90'2. F&A
104% North. Cent. 68
1904, J&Jj 115% 116%
107
Ogden. A L, C, Cyu,0s.l920.AAO§ fi05%
68
24%
88
'!
Atlanta
i
.
1
j
,1
;
II
I
.
.
n
20% 21%
I
j
Inc.68
Rutland,
2d, 58
Bonds.— Philadelihia.
Allegheny Val., 7 :i 10s, 1896, JAJ
lAtlantic City 1st r,n. g., 1919.M&N
17% Belvidere Del., 1st, 6s. .1902,
1900, FAA
85
Catawissa, M., 7s
32
Cliar. Cin.A Chiclet 5g, 1947,
6
Clearfield AJcir., si, t;s 1<I'27,J&J
icmm)1, MAS
16
Connecting. (!a
13% Del. A B'dTBr'k, 1st, 7s. UH).-|,FAA
l.u-4 EastonAAni. Ist.M. - l!l_'(), .M&.\
6
Elmir. AWilni.,lst.i; lIUO, ,I&J.
3
Hunt. ABrilTop,! "11 •)s.'93,.\AO
16%
80
31%
5%
4%8
109%
101% 105%(
Virginia Mid., Ist 68. ..1906,
2
70
MASi 116%'117%
1911 MAS
1916, MAS
ii7%
3d Series, 68
Q—
4th Series, 3-4-58. .... 192 1, MAS
19<26,MA8:
iijo"
5th Series, 58
West Va. CAP. Ist, 6 g. 191 1, J&jl
i27%
Wcat'n N.C. ConsoL 6 g.l914, JAJ
111%
Wilm. Col. A Aug.. 68.. 1910, JAD
MISCELLANEOUS.
118
H
101
101%: Baltimore—City HallOs. 1900,Q—
Lehigh Nav. 4%8
1914, Q-J tl07
Fuud(ng6s
1900. O-J
1897. JAD 111% 112
2d 68, gold
West .Vlaryl'dRR. 63..1902, JAJl
1916, M&Ni
General mort. l%s, g.l924,Q—
Water 58
100%
1916, M&N
Lehigh Valley, 1st Us,. .1898, JAD 114
M
Fuudlng5s
1 930. JAJ
•.id 78
1910, MAS
Exchange 3 %s
|131%
1900, J&D
1923, JAU
Consol. 6
Chesapeake Gas, 68
1129
1910,
JAD
North Ponn. Ist, 78.... 1896. MAN 114.
Consol. Gas, 68
1939, JAJ
1903. JAJ| VJ5
Gen. M. 7a
6s
1913,
AAOl
Pennsylvania gen. 6», r„1910, Var 128
Equitable Gas, 68
.1905. Var
'120
Virginia (SUte) 3», new. 1932, JAJ|
Consol. 68, c
JAD
101%'i
'
1
12%
1926, J&Jl 109 IllOi*
1925, AAO; 102%
Oxf.&Clark..lut.gu.,6g.l937,M&N 102
103
Piodni.& Cum., 1st, 5g. 1911, FAA, 97% 101
Pitts. A Conneils. Ist 78. 1898, J&Jj 113% 113%
1
15
And accrued Intexeat.
Series A, 58
192(J
1902, M&N
1898, FAA 5100
1st, 6s
I
3%
3
2d8erles,6s
115% 116
107
80
100%; 101
1
1
108% 109%
94
96
117% 113
118
119
I
1
t
IOI4
•37
45
Thom.Europ.E.Weldir (Boston) 100 f 55
••
Water Power
100
"
Westinghouse Elee.H
50 "13%
95
Kearsarge Mining
14
Morris Canal guar. 4. (P/it7a.).100
Preferred guar. 10.
100
Osceola Mining
(Boston). 25
37% 38%
Pewabic Miuiug
"
23
Pullman Palace Car..
"
100 193 194
Qulncy Mining
"
25 105
Tamarack Mining
"
25 156 160
ThOBiB'nElec.WeW'gll
"
100
^ Uullsied.
4518
272
was made.
50
Preferred
Bay
•1819
814
197
51
45
225
8%
83e
198
197
•50
51
50'
5o|
(Bait.) 30
(Phila.) ,30
Rutland
225
8'*
Bid.
(Phila.).
AN. W.
& Gaston
I8I4
3«l4
83
23
46
251a
47%
4619
226
838
*8>4
Ne»quelionln(;Val
"
50
Northern N. 11
(Boston). 100
North Pennsylvania. (Phila.). 50
Oregon ."^liort Lino... CiostonJ. 100
Ealeiuh
20e% 206 4|
207
82
23
45
2014
371a 371s
110 111
a6"x I6S1.
86
•130
•117 119
201% 20214 202 14
178 •177 179
•2278
8014
5%
•85
•
•'
Penn.sylv.inia
83>s
31 Xg
6%
fti«
23
45
80>4
•22
166
29
(Phila.).
Parkershurg
70'8
51%
(i?n».). 100
(7ios/o)i).100
Haven
69ifl
51°g
••
8.
27
5179
100
"
100
Little Schuylkill
(Phila.). 50
Manchester & I^aw.. (Boston). 100
Maryland Central
(Bait.) 50
A
23 ^8
166
166
83
10
30
881s
88
5978
•46 >e
•6
181a
83I9
*5<>s
•18
3738 37'8
IO9I9 112
651&
71%
71
166
l8t preferrea
"
50
58
2d preferred
"
55
50
Central Ohio.
50
(Ball.)
49%
Charl. Col. & AuKusta
"
100
15
Connecticut & Pass. (Boston). 100 fl-20 122
Connecticut River...
"
100
Delaware A Hound Br.(P7iiZa.).100
165
Har.Ports.Mt.Joy&L.
"
50
77
Kan. C'y Ft. 8. A Mem. (Boston) .100
Uill
•
5li9
Inactive Stocks.
Mine
•i"^
22'b
Prices of April 10.
K.C'yFt.8. AGulfpf.
K. City Mem. & Birm.
46
5l»8
N.KuK. Telephone /fl'wfn^lOO •30
North American. ( Phil. ).\00 17%
Thoniaon-H'uEl. 11 riio«('»; 25 •4414
"
Preferred
25 25 14
fl
"
22 14
West End Land..
* Bid and aaked prices; no sale
Catawissa
5908
46
82
"
45
451a
"
16
16
Calumet & Ueula
"
270
27-J
Canton Co
(Balt.).^O0
Consolidated Gas
"
100 '47 '8 "48 14 "ii'^
Erie Telephone CBos(<m;. 100 •49% SO^ •49i«
Lamson ytore8er. '*
50 16
15%
16
Lehi'h CoalANav '^A^7.y 50 •46% 47
4014
& Charlotte
Boston & Proviilence
Camden & Atautic pf.
8314
58 >«
46
6lia
•28
100 107
25
45
25
16
25 272
Atlanta
H33e
6H%
22^8
37
107
8414
Friday,
April 10.
3014
2814
4^8
ISH ISI4
83% 84
203e
3838
Tlinrsday,
April 9.
April 8.
20 >4 2014
8i«
5
5
85 •
85
88
131 131
118
118 118
201
202
201 202
177ij
17H •176 178
207
207
iO:,H 207
18i<! 18
I8I4
19
SCia
ii^ •35ifl 37
82
45
143
107
"
••
84<»
2a
45
20V,
Am.8a>f'rRefln.1Ic.Bo«to«^
Preferrea
Bell Telephone..
Bost. & Montana
Butte A Boston..
•la's
S2>«
*
6
ISH
•22 •«
45
48
.
raiaeellanonnx Stock
•51s
•18
"
Wednesday,
7.
2918
W»
Clevc. * Cantou
Preferred....
FltehbiirK prcf.
Bang* ot Mlea In 1891.
of the
Saturday,
ILaatpfiii, this week.
iio |i2i%
!|
1-26
126>a
106
107
112% 114
98% 99%
103
107
64% 65
J
J
.
.
THE CHKONICLE.
684
STOCK EXCHANGE PRICES
HEW YORK
"~
(Contlnnei).
- ACTIVE BONDS
'
(sola) in 1891.
|Cio»'nj jtange
I
RAILEOADANB
[Vol.
APRIL
l O,
AND SINOH
Closing
MI8CEL. BOUDS. iHlei'st Price
Period. Apr. 10
C^f
lOSTgApr.
80
53
14
75
Jan.
Jan.
Jan.
Jan.
II2I4 Jan.
Jan. il07m"eb.
jlOO Feb.
gin. Jan.
l^gg^^f 95'aJan.
1899!^J^ 115 . n5 - an.
|: j;::Cons.;7.
Srerai
Mar.
75
383e Mar.
11 Mar.
71 Mar.
^ortgage/s . .1987 J
118 Mar.
123 Mar.
Ill Apr.
113 Jan.
96 h'lt^ Ma^r. 97 Feb.
J!106 l3 JOS^ Mar. lOS^a Jan.
111- Mar. 112% Mar.
J 112
117% Mar.
&
J 110^2
Jan
1107
mVn,
9?2
At.DrriTmi.;5s.-.-.-.1921 J
Paciac-Gold,6s..l898|J
Central
1S-*S'«tL"-l8''''
&
&
eSifi
Jan.
loo's Feb.
67
68
Jan.
Jan.
Jan.
Jan.
7II2 Feb.
73 Feb.
& J'<2ya,
b.'104
1071a Jan.
& A 105
cues. 0.&
121'S8
123
Jan.
12m
J
Chic. Burl. & Q-Con.,78.19031J &
99 b. 98>4Jan. lOCs Jan.
Debenture, 58
88i2b.
l^Uv
*
95
Jan.
88
Feb.
A
1922 * &
Denver Division, 48
85 b. 84>sMar. 88% Jan.
Nebraska Extension, 48.1927 M & »
113
115
Apr.
Jan
D
11412b.
&
J
CTiic. & E. Ill.-l8t,8.t.,68.1907
A & OI119I2 11912 Apr. 121 Jan.
Con801.,6g
J •JSSJ M & Nj 96 b. 95
Apr.
Jan.
99
General eonsol. lst,58..l9J/
89 14 Apr.
89 b. 831a Jan.
Chic. Gas L. &C.— l8t,5g.l937 J & j1
I25I2
120
Feb.
Jan.
&
J124
J
CWe. Mil. &St.P.-Con. 78.1900
h 110 Jan. 112 Jan.
J & y
let. Southwest Div., 68.1909
^iHii,^-
do
2dcon.,4g...l989,J
So. W.-«g..... 1911 *
1 1 1
Jan. 114
Jan. IO6I2
9412 Apr.
98
101 Jan. 103
110
104
Feb.
Jan.
Jan.
Jan.
100 Mar. 102% Jan.
87 Feb.
J, 84 b. 8412 Mar.
112 Feb.
S!i"w.^Nt&.^-iS!e68:l9 |a
DllO b. 107 Jan. Ill Feb.
1913 J & ^\\l^l-\\^,'-t^
l8t,con.,68
136%
13912 Jan.
Q-ri3S^).
Feb.
191.51
Cmc&N.W.-Consol., 76..
125 Jan. 127% Feb.
1902,J & »
Coupon, gold, 78
Jf?'*''llo
115
Feb.
115 Feb.
O
A
&
1929
SlnBng fund, 68
1929|A & g IO5I2I). 105 Jan. 108i4Feb.
Sinking fund, .58
b.
Jan.
109 Feb.
N
107
1061a
1933
&
Sinking fund deben., 5s.
& N 104 b. 1041-2 Jan. 105=8 Apr.
25-year dcbcuture, 5. .1909
b
951.2
Mar.
100 Jan.
ii
A,
F
94
1926
Extension, 48
Ist.So.Miu. Uiv., 68....1910|J
l8t,Ch.<S£Pac W.Div., 58.1921IJ
Chle.&Mo.Eiv.Div., 58. 1926,
Wis. & Minn. Div., 5 g.. 1921,
Terminal, 5 g
.-•••}?iiiT
<fe
J|112'4
J 104>2b.
J 94 b.
J 101 b.
J 102 b.
^
1,
18» I.
(sales) in
Lowest.
\
At.Top.&8.F.-lCO-yr.,4g.l989 J & J, 79
19?!*| ^^P'lOO-vear income, 5 (t
?X^
13
Atl. &Pac.-W.p. Inc.. 66.1910 ..^...
Guaranteed, 4 (J
JJJST i ? ^iTn
110
BrookrnEleyaf<ll8t,6,g.l924A& O
can |outl..-lstKuax.,5B 190|J^ &
JAN.
Range
LIl,
I
—
1891-
Highest,
& N 103 b. 101% Jan. IO314 Mar.
126 Mar. il27 Apr.
& J 127
"
& S|*106 b. 106 Mar. 110 Jan,
& Nil22 b. 1211a Feb. 123 Mar.
91 Jan.
95% Jan,
N.Y.Chic.&St.L.-4g...l937|A & O, 92%
;...1906;J & Jill2%b. Ill
Jan. 113
Apr,
N. Y. Elevated— 7s
N.Y. Lack. &W.— Ist, 68.. 1921 J & JjlSO b. 127% Jan. 132 Jan.
b.
108
1923|F&A'109
Feb,
1081a Feb.
Construction, 58
N.Y.L.E.&W.— l8t,con.,7g.l920iM & 8 134 b. 133 Jan. 137% Feb.
DilOeisb.
J
105
107 Feb.
1893
Jan.
&
Long Dock, 7s
1935A&olll7 b. 115 Jan. 118 Feb,
Consol., 6g
IOOI4
J
D
9658
1969
Jan.
101% Feb.
&
2doon801,6g
Feb,
N. Y-Ont. & W.— l8t, 6g..l914 M & S llli4b.,110 Mar. 115
96i2
D
1939|J
Jan.
&
92%
Consol. 1st, 5g
971a Apr.
NY.Bns.&W.- l8tref.,5K.1937 J & J 99i2b. 94 Jan. IOOI4 Feb.
Midland of N. J., 6 g... .1910 A & 0112 b. 112 Jan. 1151a Feb.
Jan. IOOI3 Feb.
Norf. & W.— 100-ycar, 5g.l990 J & J' 94kb. 93
Nortll.Pac.— l8t,eoup.,6g.l921 J & Jill6%b. 113 J.in. 1171s Apr.
llOig Jau. I1414 Mar.
Genei-al, 2d, coup., 6 g..l933;A & 0,1111-2
General, 3d, coup., 6 g..l937iJ & D|110i4b. IO712 Jan. II314 Feb,
82 Jan.
1989 J & D, 8214
857g Jan,
Consol. mort., 5 g
104 Jan. 109 Feb,
North. Pac.ctMon.—6g.. .1938, M & 8,104
North.Pac.Ter. Co.— 6 g-. 1933 J & J'109i2a. 105 Jan. 110 Mar.
Ohlo&Miss.- Con8.8.f.,78.1898 J & J, 111 b. Ill Mar. 112 Feb.
1898 J & J|lll b. Ill Mir. 111% Jan
Consol., 78
IO312 Jan. 110
Mar.
OhioSouthern-lst, 6 g...l92l|j & U,108
19211M AN; 58I3
55 J in.
63 Feb,
General mort., 4 g
J|
57%a.
..1937
J
&
53 Jan.
Omaha & St. Louis—4 g
581a Jan,
Oregon Imp. Co.— 1st, 6 g- 1910 J & D 10014b. 90 Jan. I0312 Feb.
1939|a & O 66
66 Apr.
74 Feb,
ConsoL, 5g
Ore.K.&Nav.Co.— I8t,6g.l90y J & J|108i2b. 107i2Jau. 1091a Feb.
1925 J &D*93 a. 92 Jan. 100% Mar.
ConsoL.Sg
Jan,
Pa. Co.—4i2g., coupon.... 1921 J & J 104i2b 1041a Mar. 106
Mar,
Peo. Deo.&Evansv.— 6g..l920 J & J 105 b.llOO Jan. 105
EvansvlUe Div.,6 g.;..1920iM & S 101 b.| 95 J ID. 103 Feb.
1926,M & N, 74
66 Jan.
74 Apr,
2d mort., 5 g
514
75 Apr.
80 Feb.
Peoria & East— Cons., 48.1940i A & O,
1990 April. 18 b. n
22 Jan.
J,in.
Income, 4s
77''8 Mar.
82 Feb.
Read.— Gen., 4 g.l958 J & J 79%
PhUa.
N.Y. Central— Extend., 58. 1893 |M
1903|J
Ist, coupon, 78
Deben.. 58, coup.. 1884..1904IM
reg...l900,M
N. Y. & Harlem— 78,
|
I
cfe
53 16
4712 Mar. 58 Jan.
1958 Feb.
37
1958 Feb.
32 Mar. 38% Jan.
25 14 Mar. 30 Jan.
27%
1958 Feb.
3d nref. income, 5 g
81 Feb.
Pittsburg & Western— 4 g.l917 J & J 79iaa. 751a Jan
M
&J*,117i2a.|115
Kicb &Danv.— Con.,6g..l915 J
Jan 118 Jan,
M
1936, A & O, SSiaa. 87I2 Feb.
Consol. 5 e
91%Jan.
9618 Apr. 100% Jan.
CIiic.Pco.&St.Loai8-5g.l928M & 8 95 a.j 96 Mar. lOOiaJan. Rieh.&W.P.rcr.-Tru8t,6g.l897 F & A 9618
68
b
8
b.
124
12714
lst&coLtrust,5g.l914|M
&
67
75 Feb.
<t
J
125
Jan.
Feb.
Con
Apr.
Cliic.R.I.&Pac.-68,coup.l917,J
74 Jan.
77% Feb.
Rio G. Western- ist, 4 g..l939 J & Jl 77%
Extension nndcol., 5s.. .1934 J * J, ^6\ L^^^ ^*''- 9912 Jan.
110%
O
114
0100
b.
100
101
Con..
1922
A
&
05
A
&
Feb.
.Mar.
&
Ogd.—
OS...
Jan.
Mar.
R.
W.
Cliic.St.L.&Pitt.-Con.,5g.]932
85 b., 8218 Mar. 92% Jan.
Jan. 119 Jan.
St- Jo. & Gr. Islaud- 6 g. 1925 M & N
Chic. St. P.M. & 0.-68.... 1930 J & 1J118 , 116
87I2 Jan.
Sbi^b.
J|llO%a.lio
9012
J
Alt.
&
T.
H.—
Ist,
78.1894
J
&
Jan.
110%
191/,
&
Feb.
8t
L.
Mar.
J
g..
Cleveland & Canton—5
Jan. 132 Fob.
1894 ,_F & A 107 a.l04iaFeb. 107 Jan.
2d pref., 7s
C. C. C. & l.-Consol., 7 g. 1914 J <St D,*129 b.il29
a.
83
117
Jan.
121
lst,6s,t'8trec.
78%
Jan.
84
J
J
:122
Mar.
8tL.Ark.&aex.—
Apr.
&
1934
General consol., 6 g
18ia
17i4Mar.
21 Jan.
2d,68, 1936,tr.rec..alla8s.pd.'
1900 F & A n03 b. 102 Jan. 106 Jan.
Col. Coal & Iron-6 g
—
A''il02iab.
A
67=8
Apr.
10112
105
&
62
71
L.
&
Iron
Mt
1st
78
.1892
F
g...l940,F
Jan.
St.
&
Feb.
Jan.
4
Col. Midland-Con.,
80 Mar. 86 Jan.
1897 M & N 108 b.'l05 Jan. 108% Apr.
2d,7g
Col.H.Val.&Tol.— Con.,5g.l931iM & S[ 8OI2
lab. 103% Jan. 106% Mar,
105
D
D
1904|J
84
Jan.
Ark.
&
Texas,
1897
&
&
86
87
Cairo
7
J
Feb.
g.
General,6g
Gen. R'y & land gr., 5g..l931 A & Ol 85 b.l 891a Apr.
93% Jau.
Denver&BioG.— l8t,7g.l900M & N119 b. 116 Jan 119i2Feb.
83 Feb.
79 Jan.
StL. &San Fr.— 6 g.,Cl.A.1906jM & Ni*113 b.,110 Jdn, 110 Jan.
1936, J A J 82%
iBt consol., 4 g
9612 Feb.
1906|M& nIi13 b. Ill Jan. 112% Feb..
6 g.. Class B
Det.B.City&Alpeua--6g.l913:J *t J *95 a. 91 Jan
1906
& N 113 b. Ill Jan. lllTsJau.
6 g., Class C
Det.Mac.&M.— L'dgi-ants.l91l'A & Oj 30'4b. 2912 Jan. 3214 Feb.
General mort., 6g
1931 J & J 104
104 Apr. 110 Jan.
Dul. cfeDon Range— 58....1937 A & O 97 b. 95 Jau. 100 Jan.
b.
J
97
95
Jan.
&
8.P.M.&M.—
Dak.
Ex.,
g.l910
& N 117
115 Jat
118 Jan.
99
Feb.
6
M
eh.&Atl.-5g....l937jJ
Dul. So.
1933 J & J 114 b. 114 Mar. 117 Feb.
Ist consol., 6 g
E.Tenn.V. &G.— Con.,5g.l956M & N 101%b. 101 Jan. 104 Jan.
103
10914a.
&
le
100
J
J
Jan.
109
reduced
lag--.
J
b.'luo
g...l925
14
do
to
Mar.
102% Feb.
Apr.
J
KnoxvlUe&Ohio, 6
4
&
a.
90 Jau.
95 Jau.
Montana Extension, 4 g. 1937 J & D 84 b.| 80 Jau.
87 Jan.
Eliz. Lex. ABigSan.- 6g.l902iM ii 8 91
99
D
lOJifib.
&
•7H2a
6g..l921;J
Jan.
105
SanA.&Aran.
P.—
I8t,6g.l916
&
J
62
74 Feb.
'8
Jau.
J
Jau.
Ft W.&Deuv.City—
9414
Gal.H.&SanAn.-W.Div.l8t,5g.'M
931a Jan.
94% Mar.
1st, 6 g
1926 J & J 70 a. 62 Jan.
73% Feb.
112%b,
M
&
8
110
Mar.
b.
128
68.1911
117
8hen.Val.-l8t,7g.,tr.
133
Cons.,
rec.
1909
126%
Jan.
Jan.
Apr..
Han. & St. J08.—
61 14 Jau.
1952 A & O 94 b. 96 Feb.
97 Mar.
Gen'ieg., Tr. rec. aas't'd.l921
55 b. 61 14 Jan.
lUinois Central—4 g
107
1919 M <Si N 113 b. 111 Jan. 115 Jan.
103 Jau. 107 Feb.
So.Oar.— 1st, 6g.,exooup.l920
Int. & Qt. No.— l8t, 6 g.
68 Mar. 76 Jan.
25%
13 Jan.
27 Apr.
Coupon, 6 g., trust rec. 1909 M & 8 70
lncome,6s
1931
S3^
80%jieu.
1938 J
IOII2 Feb. 103% Jan.
84 Jan.
Iowa Central— l8t,5g
80. Pac., Ariz.— 6 g
1909-10 J A J|103
7812 Jan.
Kentucky Central—4 g.... 19871 J & J 82
8212 Jau.
8o.Pacitlc,Cal.— 6g....l905-12'A & OI109 b IO912 Apr. 114 Mar.
98 Mar. 10014 Jan.
KlngBCo. El.— l8t, 5 g. ...1925:J 4: J, 98
Jau. 101% Mar..
1st, consol., gold, 5 g....l938|A & Oi 100 b. 99
78
77 Mar. 8212 Jan.
Lacfede Gas— l8t, 5 g
1919! Q-F
103% Jan.
80. Pacllic, N.M.— 6g
1911 J & Jl 102 I).il02i4 Ja
b,
LakeErio&We.st.-SK....)937|J i J 1081-2 10512 Jau. 109'8Jau.
I.
Ry.—
6g'
88
&
Ten.
D.,
O
94 Jan.
Teun. C.
1st,
A &
86 Jan.
L.Shore— Con.cp.,l8t,78.1900,J & J l^li^D. 12OI2 Jan. 122% Jan.
Birm.Div.. 6g
1917 J & J 94%
93 Jan.
96% Jan.
1903 J & D 122isb. 122 Mar. 124 Jan. Irex. &Pac.— Ist, 5g
Consol. coup., 2d, 7s
D
88%
2000 J &
85% Jku. 8978 Jan.
Longl6rd-l8t, con., 5g..l931i Q— J U5%a. 110% Jau. llSiaMar.
2914 Mar.
35% Jan.
2d, Income. 5 g
2000 March. 31=8
General mortgage, 4 p.. 1938; J & D"92 b. 90 Jau.
9212 Jan.
99% Feb.
iTol. A. A. &N. M.— 6g
1924 M & N 95 b. 93 Jan.
Ix>ul8. &Na8h.—C0U8., 78.1898 A i O 11 113b. IIII2 Apr. 115=8 Mar.
iTol.A.A. &Gr.Tr.— 6g....l92llj & J* 107%a. 104 Jau. 107% Mar.
19301 J & J llOisb. 114 Jau. 118 Feb.
N.O. &Mob. l8t, 6g
Tol. & Ohio Cent— 5 g
1935lJ & J 106% 102=8 Jan. 107% Jan.
2d, 6g
1930 J & J *106 b. 106 Mar. 108 Feb.
do.
77 Jan.
1917 J & J 73 %b. 74 Jan.
Tol, Peo. & West— 4 g
1212b lllisMar. 11314 Apr.
1919' J &
E- H. & N. let, 6 g
91 Jan.
ToLStL. & Kan.
6g..l916 J & D 82 b. 83% Jan.
1930;J <Si D" 104'4b. 113 Feb. lUMApr.
General,6g
Union Pacific— 6 g
1899 J & J 113 b.ill3% Jan. 114% Mar.
193l|M& N,103 a. 101 Jan, 1031a Feb.
Collateral trust, 5 g
Sinkiue f und. 8a
1893 M & S 108 b. 107 Mar. 111% Feb.
Louis. N.A.&Cli.—l8t,68.1910iJ & J 108 b. 101
Mar. Ill Jan.
72 Jan.
Collat. trust 412
a.' 69
1918 M & N
Feb.
Consol. ,6g
1916 A & O, 96 b. 84 Mar. 98 Apr.
*107 b.'ios Mar. HI Jan.
KansasPaciflo- Ist, 6g..l895lF
Louis. St L. ATexas— 6g.l917 F & A 82 a- 7b
Jau.
88 Jan.
l8t,6g
1896 J & D I10%a. 108 Mar. 109 Mar.
Metro. Elevated— 1st, 6 g. 1908, J & J lU'e lll»BJau. 115 Feb.
DenverDiv.— 6 g
1899;m & N lll%b.:lll Jan. 111% Mar.
1899, M &N]07isb. 104 Jau. 107 Feb.
2d,68
lstcousol.,6g
1919 M & N 109%b.ll08 Jan. Ill Feb.
Mich. Cent— Ist, con., 78.. 1902 M & N 12314b. 122 Jan. 1231a Jan,
Oregou Short Line— 6 g..l922|F
102
100 Mar. 106% Jan.
Consol., 5s
1902 M & N 107 b. 107 Mar. 108 Feb
80-% Feb.
Or.S.L.iiUt'hN.— Cou.5g.l919lA & O 77=8
73 Mar.
Mll.LakeSh.&W.- I8t,6g.l921 M & N 127 b. 118% Jan. 126 Mar.
82 Jan.
U.P.Deu.& Gulf con. 5g.l939|J & D 79 b. 78 Jar.
Exten. & Imp., 5 g
1929 F & A, 98ia
98 Jan. 101 'e Jan.
1937!m & N 110% 106 Jau. IIOI4 Apr.
Union Elevated— 6 g
M. K. AT.— Isl 48, g
1990 J & D 76%
74% Jan. 7918 Feb. VirglniaMid.—Gen. m.,58, 1936:M & N 86 %b. 81 Jan. 89% Feb.
2d 48, g
1990,F & A' 3S'e
36i2Jan.
44 12 Jan.
90 Feb.
do
stamped guar. M <k N 89 a. 83 Jan.
Mo. Pacific— 1st, con., 6 g.l920 M & N 1 10 b. IO514 Jan. Ill Mar. Wabash— Ist, 5 g
102 Feb.
1939, M & N 101
98 J.U
3d,78
1906'M<kN116
115 Jan. 116 Apr.
mortgage, 5 g
&
A
74%
Feb.
77% Jan.
2d
1939.
F
70
Pac. of Mo.— l8t,ex.,4g.l938 F & A 97 a. 96I3 Apr. 100 Jan.
35 Jan.
DebcntM., series B
1939 J & J 31iib. 30 Feb.
2dniort.,78
189llJ & J 102 b. 99ia Jan. 102 Mar. West Shore— Guar.. 48
2361 J & J 102 %b 100 Jau. 103 Jan.
Mobile AOliio- New,6g..l927 J & D 115iab. 112 Jan. 115% Feb.
WestN. Y. &Pa.— Ist, 5g.l937'J & J 98%b.! 96 Jan. 101 Feb.
General mortgage, 48... 1938|M & S 66^b. 63 Jan.
70 Feb.
1927;a & O 3214
2d mort, 3g., 580
30% Jan. SS'e Feb..
MutualUnlonTel.—«g....l911:M & N *105 b.'l02 Jan. 105% Feb. WestUn.
Tel.— Col. tr.,5s.l938,J & J 100%b.l 98 Jan. 100 Feb.
Nash. Ch. AStL.- Ist, 7s.l913,J & J 126 b. 125 Jan. 12612 Jan.
1937 J & J •91 b. 93 Mar. 97 Jan.
iWis. CeutCo.— Ist, 5g
Con., 5 g
1928A & O 103 b.llOSiaJan. 107% Mar.
1937'
lucouie, 5 g
40 a.' 34% Jau.
45 Jan..
Note— "b" indloaies price bid;
price asked; the Range is made up tro.n actual s-iles only.
' Latest price this week.
Ist pref. lucome. 5 g
2d pref. income, 5 g
!
!
!
.
. .
,
.
,
. .
.
&N
•
. . .
&D
1
I
'
.
.
1
DM
C—
&A
&A
.
-
'
NEW YORK STOCK EXCHANGE
SECURITIES.
Bid.
Ask.
SECURITIES.
& as.
B.
Railroad Bonds.
(Blioek
Exchange Prices./
Alabama Mid. -1st
Atlantic
Atl.
Bait
g.,
6s ....1928
& Dan. —Ist g.,
& Pac— 2d V.
68.
.
1017
D.,gu.6fc,.1907
& Ohio— 1st, 68, Park
6b, gold
B.l 919 112
1925
1988 109%
W., Ist
g., 4%6...1990
g., g. 5s.
..1919
Bid.
95
BONDS-APRIL
Ask
10.
SECURITIES.
Rap.&No.— (Contin'd)Minn. & St L.— Ist, 76, gu..l927
Burl. Ced.
Bid.
Ask.
Mon. Riv., Ist
Oeni'l Ohio Reor.— 1st, 4i<.8.1930 100% 102
lowaC. & West— Ist 78. ...1909 100
98"
Boat H. Tun. & W.-Dcb. 58.1913 100 100%
Ced. Rap. I. F. & N., l8t, 6s.l920
90
Brooklyn Elevatcd-2d, 3,58.1915
8S
Ist, 5s
1921
8uft. Roch. & Pitts.-Geu., 58.1937
95
C.Ohio— Jol. <StCin.M.lst4%8.1939 "97"
Roch. &Pitt8.-]Kt6s......l921 117
'Jent RR. & Bank.— Col. R.58.1937
ioo"
118
..t'<«i80iidat'dl8t,68.1922
114
ChatRomeA Col.— Gtd.g.Ss. 1937
,>
^
105% 8url Ced. Rap. & No.-lst, 5s.l906 97 14 97% Sav.A West— Ist con.gtd.58. 19 29 81% 83
110
Consol. & c ollat. trust. 5b ..1934
80
Oent of N. J,— Conv. deb., 68.1908 115
.
Odds, mort, goll. Ss
• Mo price Friday
these are the atest quotations
;
PRICES-(Continued).-7iV^C!r/V£
made this'weelFr
Apbil
n
iHE CHUONICLE
1891.J
NEW YORK STOCK EXCHANGE
SECVBITIEB.
Aik.
Bid.
BECCBITIEfi.
Otntral Paolflo—Oolil Mb, Or, 1895 107
1890 109
Ooldbonds, 6*
18971 ....
OoldboodB, 6a
1900 106
Ban Joaqiiln Br.. Sr
Okl. Jk OreKon—eer. B.eR...189'ii*100
MortgoldSa
1939|
Land gnnt, 5«. g
1900,
Wert. Paolflo— Bond*, 68. .1890 *108
Ho. Railway (Cal.)— lBt,«8.1907
lom
99
110
99 ig
111 1121<
115 117
77
Sea. O. i 8<).
1893 10*i« 106
IcatroA Alton— lat, 78
Blnkluif fund, 68
1003 121i«
LoiilH. k Mo. Rlver-lBt, 78.1900 II6I4
2d, 78
1900
Bt L. JaokB. a. Chtc— l8t,7B.1894 105
lat,Kuar. (364), 7b
1894 105
aila8.K. RridRe— l8t, 8. f., es.1912 105
Ollc. Biirl. A Nor.— Dell. Os. .1890
Ohic. BiirliiiK. A Q.— 58, 8. f.. 1901 101
102
Iowa I)iv.-8lnk. fund, 6a. .1919 101 Og
Sinking fund, 48
1919 90
Plain, 4a
1921
82>i
97i«
Oblc. A. Indiana Coal— Ist 58.1936
Ohl. Mil. A 8t. P.— lat,88,P.D.1898 117
1201«
2d, 73-lOs, P. D
1898 112>s
let, 7b, * K., R. D
1902 121 124
lat, LaCro88« Division, 7b. 1893 110>4
IBUI. d: M., 7b
1897 113^
lat, I. A D.,7a
1899 116
l8t,C. AM.. 78
1903 12l»s 126
Ist, I. & D. Extenaion, 78... 1908 122
lat, LaC. 4cDav.,&8
1919 100»s 101
l8t, B. d: I)., 78
121
1910
iBt, H. di D., 58
102
1910
Cbtcago & Paotflc Div., 6a. .1910 117 120
Mineral Point Div. 5s
1910 04
C, A L. Sup. Div., 58
1921
99
Farfco d: Bouth., 68, A88U...1924 *110
Inc. conr. alnk. fund, 5a
1916
101
Dakota &Qt. South., Ss.... 1916 93 100 14
Cklc.AN.W.— K8c.<!:L.8.l8t,6s.l901 106
DcsM. & Minn.— iBt, 78.... 1907 121
Iowa Midland— l8t, 88
1900
Peninsula— l8t, eonv., 78...1898 115
Chle. & Milwaukee— l8t, 78.1898 116
Win. &8t. P.— 2d. 78
1907
Mil. A Mad.— l8t, Ob
1905 *lll
Ott. C. F. A St. P.— l8t, 58. .1909 104 1«
Northern III.— l8t, 58
1910 1C418 107
aR.I.&P.-D.M.<StF.D.,l8U8.1905
76
let, 2"sR
1905 54'
Exten.sion, 4b
1905
Keokuk & Dea M.— lat, 5a.. 1923 89>s 91
Ohio. et. P & Kan. City— 58. .1936
Minn. & N. W.— Ist, g., 58.1934
fund, 08.1898
1908
A
West— 2d, 68..19I 1
6s, fTOld, Bcrlcw
.
OhIc.St. P.
&Mlnn.— l8t,68...19I8
St Paul A 8. C— Ist, 68
A W. Ind.— Ist, 8. f.,
Ohlc.
General mortgage, 6a
«n Ham. A D.—Con. b.
1932
t.,
8.1905
St.
94
60
92 >2
89
8t.Ix)U.DIv.-lHtcol.t.Vtls,g.l940
90
C1.C«1. Cin. A Ind.-lBt, 7s,8.tl899
Consol. sink, fund, 7s....
1914
116
.5s...I938
110
Clt've.
AMah. V.-QoKI,
Co oradp MIdland-lst, g., 68.1936
ColumbiaA Green.— Ist, 6s. ..1910 103
2d, Ce
Del. Lack.
A W.— Convert.'78,18!ij
A
BIng.
N.
2d. 78.
102
102>4
•115
119
•119
_
l8t,con., guar., 7b
'ISBM
Bel. 4 Hud. Can.— Ist, ex. 78.1891 103%
Oonpon, 7a
18941 I08ia
Pa. Div., coup., 78
1917-135
Albany A Susq.- ist, gu.,78.190G' '125
let, C0U8., guar., 08
lym; \2tt
Kens. A 8ar.— 1 at, coup., 78.1iij
11..
genver Ciiy Cable-lBt, 6»...iy(i-.
genv. A R. «.— Imp.,g., 5«...192S 83
i
1041s
109
139
129
1201s
1
^^
iJ^"?pivlBlonal 5b
.*
Oa-l «. 7a.
l«t ext.gold, 58
.
.
195o
1930
ido"
86
115>s
"ss"
;i937
£'*-*''"P-8-.58
1938
Mobile A Blrm.-lat, g.,58..1937
09
98>«
l't»f-5a....I918
a,-„..K^riV,
worth A
R.a.-ietg.. 58.19^8
Nu
'
1
'7 .1
I
75>«
Atl.
lat,
68...1921
1980
8.
1040,
gold, 6s
50 year
5^*, g.,
Unified, gold, 48
87
Kan. City
St.
90
58
A 8.— 1st,
110i«
103
83
77
*
A V. B. Bg.— lat, 68 ... 1910
Paul ADuluth— lst,58....193]
i
1161a
Paul Minn
A M.— lat,
78
.
75
60
100
94
93
2d mortgage 5a
8t,
S'*
1924 102=8'
1937 10314 106
1940
103
gold.. .1921
97 19 99
gu. 5».,1937
93
100
99
104
.
115
.
80
86
IO3I9
44
12
101
981s
II914
107
101 !«
52
97
100
02
45
45
1151a
nil*
83
"ia"
ii6%
83
76
Oreg.8.L.AU.N.,col.tr8t.,58.1919
1908
Utah A North.— Ist, 78
1926
Gold,58
Utah Southern- Gen., 78 ..1909 103
1909
Exten., Ist, 78
100
Valley R'y Co. of O.—Con. 68.1921 lOlH
Wabash- Deb. M., 8erie8"A".1939
92I2
1895*
11014
No. Mi.saonri— l8t, 7»
StL.K.C.AN.— B.E.ARR.7S.1895 -105 109
831s
8t.CharleaBr'ge— l8t,Hs...l908 *105
A Pitts.—1st, 68.1911
.'>s, gold. ..1926
104
1930
Exten.'-ion A Imp. g., ,58
108
West. Va. C.
'
82
109
120
Whecl.AL.E.— Ist.
88
mNcellaneoua Bonda.
Amer. Water Works— 1st 68..1907 •
1907
1st cona. 38, g
Boston Un. Gas— Tr.cer. 5a.. 1939
MIn.—
78..1907
Istg.
108
Coal
Cababa
110
100 12!
105
Chlc.Jun.A8.Yd8.— <3ol.t.g,.")e,19i5
Col. A Ilock. Coal A 1.—68,g..l917
Consol'n Coal- Convert. Os. 1897
1041s
Ck)n8inner8 Gas
100
'
98%
54
74
"97'
105
97
100
104%
1936'. ....
82
98%
Edison Elec. Hi. Co.— lat, 58.1910
1905
92
Equitable G. A F.— Ist 68
Henderaou Bridge— Istg. 68.1931 105
1901
Iron Stciniboat Co.—tJs
Met. Tel. ATel.— l8t,a.f.g.58..1918
106
Northwestern Teiegniph— 7 », 1904 -lOSig
Nation'! Starch Mfg.— Ist, 6b,1920
"99" N.Y. A Perry C; A I.— 1 at, g. 6b,1920
People'aOasACoke
1061a
Co..
*
90
891«
lom
no
96>»
Co.— Ist 8. f. 08.1898
West. UnlonTel.— 7s... 1875-1900 112is
Uullaled Boods.
Ala.AVIcka.-Consol..5g.,H»2l.AAO
90
2d M., Income till '94, li>21..AAO 70
96
Vicka. A.VIcrid.,lBtOa, 1921.AAO
100
Atlanta
122
A Charl.— lat 7s,1907.JAJ, 118
ComstockTun.- lne.4s, 1919.MAN
Georgia Pac.-lBt
Conaol.
98
Little
1
68,
6g,1923
Income 58
R.A Mem.-
751s
102
91
lat g.()s,1904
(
r.Jdg.6s,1904
Chicago
Phlla<lelphia
I
79'8l
97
75
112
Chicago— Ist
Co.,
104
105
103
98
guar. 58
55
llOij'
loo's
12118
'
. .
8II9
103
104
102
7»...1911 110
Springfield Div.— lat 7b.... il906
1982
General 5a
week.
9SH
*104
1917 IOII3
190P 1 10
1909 113
2d mort., 6a
Minneap. Union— 1 at, 68 .... 1 922 110
Mont. Cen.— lat, guar., 6s. .1937 "112
East. Minn., Ist div. Ist 58.1908 *102ia
San Fran. AN. P.— lat, g., 58.1919
Shenandoah Valley— Inc., 03.1923 ....<..
Sodua Bay A So.— lat, 5s, g. .1924
South CaroUua-2d, 68
1931
78
80. Pac. Coast— Ist, guar., 48. 1937 * 93
Texas Central— 1st, s. f., 78. ..1909 1911
Ist mortgage, 78
Texas A New Orleans— l8t,78. 1905 *
1912 *100
Sabine Division, 1st, 6«
Tex. A Pac, E. Dlv.—lst, 68.1905 107
Third Avenue (N.Y).— 1st Ss, 1937 1 lOia
1917 81
ToL A. A. A Cad.—6s
1919
Tol. A. A. A Mt. PI.—Os
—
1940*
85
Tol. A. A. A N. M
58, g
1896 lOSSg
Union Pactftc— Ist, 68
1897 llOOg
lat, 6s
1898 112
Ist, 6s
1908
Collateral Trust, Oa
1907
Collateral Trust,53
1895 100
C. Br. U. P.— F. c, 7s
Atch. Col. A Pac.— lat, 68... 1905
Atch. J. Co. AW.— Ist, 68... 1905
75
U.P. Lin. ACol.— l8t,g.,5s. 1918
104%
1984
this
*
1931
1987
68, g...l916
Ft. 8.
oEloAMiaa— 2doon8ol.
made
(la
.
General 5s
ni4%
83
106
. .
Car. A Shawt.- lat g. 48. . .1932
St.IiOU A 8. Pran.— Equip., 78,1895
40
•101
70
pref., 7s
Income,
Ist, trust, gold,
Pens. A At.- 1st, 68,
Nash. Flor. A 8. Ist
Lou.N.Ail).ACh.— Gen.m.g.6a.l940
Lou. N. O. A Tex.— Ist, 48.... 1934
lee Frl lay; these are the lateat quotations
A Char.- let,
*
1909
1 897
1900
Dividend bonds
1894
Bellcv. A So. lU.— Ist, 8s...x896 109
Bellev. ACar.— lst,68
1023
Chl.St.L.APad.— Ist,gd.g.58l917
St. Louis 80.— 1st, gd. g. 48.1931 *
do
2d income, 58. 1931
60
104
98
86^8
A Decatur- lst,7a..l900 115
..1910 " 98
f.,68.— 8. A N. Ala
-115
.
117i« 118i»
Naehv.
58
8. f., g..
do.
103
*
10i«
60
38
Rio Gr. Junct.,lat,giinr.,g.,58.19.38
Rome Wat. A Og.— lat M., 78 189 1 103i«
St. Jos. A Gr. la.— 2d inc
1925
Kan. C. A Omaha— l8t, 58. .1927 *
St. L. A. A T.H-2d m. Inc7s.l894 -106
A U. R.— l8t gu. 58.1938
Louis Division,
'
A
Equip. M.
Kan. C.Wyan.AN.W.— l«t,58.1938
L. Sh. A M. 80.— C. P. A.\. -7s. 1892 104
Buff. A Er.—New bonds, 78.1898 112is 113
Det. M. AT.-lat, 7s
1906*125
LakeShore— Div. bonds, 7a. 1899
115
Mahon'g Coal RB.-lst. 5a. 1034 107>8
2d, 38
114
1
A
A
A
.
St.
1898
1898 IOOI4
Pitta, aeve.
Tol.— let, 68... 1922
Pitta. Junction— lat 6a
1922
Pitta. Mc. K.
1932
Y.— lat 68
Pitta. Palnav.
F.— lat, 5b. ..1916
Presc't
Ariz. Cent.let,0s,g.l916
2d iucfluie, 68
1916
Rich.
Dauv.— Debenture 68. 1927
95
Div., Ist g. -In
1961
Dub. A 8. C.-2d Div., 7s ..1894
Oed. Falls A Minn.— l.<t, 78.. 1907
92
Ind. D. A Spr.— lat 7a, e.\. cp.l90e 103
Ind. Doc. A West.—M. 5»
1947
2d M.,lno. 5a, tnat rec
1948
Inter. A Cit. Nor.— Coup. (is... 1909 * 69
Kanawha A Mich.— Mort. 48.1990 75
Lehigh V.,N.Y.— lat gu.K.4i3a.l940
l.itchf.XJar.A West.— Ist 68. g.1916
liOng Island— 1 st, 78
1898
N. Y. A R'way B.-lst, g. 58.1927
2dmortg., inc
1927
SinlthtownAPt.Jeff.— l8t,78 1901
I>ouie.Evan8.ASt. L.—Con.5a.l939
Louia. A Nash.—Cecil. Br, 7a. 1907
Fensacola Division, Oa
1920
Ilim
L.V.AT. II.— l8t,6e.,7«.1897
2d, 7a
2d, guar.. 78
A
Memp
Kal. All.
St.
Peo.AE.-Ind.B.AW.-l8t,pf.7a.l900
Ohio IiKl.AW.— Istprof 58..1038
Peoria A Pik. Union- lat, 68.1921
2d mortg., 4iaa
1921
Phlla. A Read.— 3d pref. convert
PItta.C.CAfltL.— Con.g.4isBA1940
Div.— Coup., (i«... .1898 108>s
Middle Div.— Beg., 5n
1921 ni2'«
C. St. L. A N. O.-Ten. I., 78.1897
Ist, consol., 7a
1897
2d, 6s
1907
Gold, 58, coupon
1961
116
1897 116 110%
1919 114
1923 106 "a 107
1920' 112
1928' 101 14 102
HelenaAItedM'n— lBt,K.,6B.1937
iBt, cons., fd. coup.,
78::;:::i92o!
131 ig
DuluthAManltolpa-l»t,g.68l936
Reorg let lien (5
1908 108 109
Dul.AMan Dak.Div.- Ist68.1937
131
Coeur d'Alene— lst,68. gold. 1916
* *i-Col- tr.,6B.1922|
1..1088
Gen. l8t,g..t>s
v^ZaA coup.,
runded
Sa
1 oaq
80
85
Cent. Washington— l8t,g.,68.1988
Ir.come.68....:
{gljlj
75
Chic. A Nor. Pac— let g. 6S.1940
Buff, A 8. w.-Mortg.
68::::i908
Seattle US.AEa8t.—l8t,6a.8.igil
Jeffereon-lBt, gu. g. 58 ....1900
103
Norfolk A West.—General, 68.1931
Chicago A Erie, Ist, g.,4-5s.l982
87
1932
86
New River, lat, 68
Income, 58
1 982
27»g 29
1934
Imp. A Ext., 6s
«Tan*4T.H.-i8t.o<;ii;;6;" 1921
1119^8
M., 7s
1924
Adruatment
Mt, Vemon-latOa
109
1923 K
Equipment, 5a
1908
Clinch Val. lat 5s
1967
FUnt A P. Marq.-Mort., 68.
.1920 1
Scioto Val. A N. E.— l»t,48„1990
{119
-Iptoon.
.
Eold.5B
(Told,
'1939
iSSa 101
t,
5b
102%> Ogd. A Lake Ch.-lstcon. 6a..l920
•"U^—lrt. extended, 78
2d. extended, 58.......:.::
3d. extended, 41^8
4th, extended, ."is..::::::
5tb, extended. 4s.
85
68
105
96
es
Sprlngf.
A Pivc.- Ist raorlg.. 58.1936
Minn.S. Stc.M. A Atl.— 1st. 58.1926
Minn. St.P.AS.S.M— Ist e.K.4s.l938
Mo.K.AT.— K.C.AP., Ist,4a,g.l990
Missouri Paciflc- Trust 5s... 1917
1920
Ist ooU.,5s, g
6t.L.AI. M.-Ark.Br., 1st. 78.1895
Mobile A Ohio— 1st ext., 6s.. .1927
1931
St. L. & Cairo—48, guar
Morgan's \ja. A T.— Ist, 68.... 1920
1918
Ist, 78
Nash. Chat. A St. L.— 2d, 68. .1901
New Orleans A OiUf— 1st, 68 .1926
N. O. A. No. E.— Pr. 1., g., 68..1915
1905
N. Y. Cent.— Deb. g. 48
N. J. June— Guar. 1st, 48.. .1986
Beech Creek— 1st, gold, 48. .1936
N. Y. N. H. A H.— Ist, reg. 4a.l903
N. Y. A Northern- 1st, g.. 68.1927
1927
2d, 48
N. Y. Susq. A West.— 2d, 4i«s.l937
1940
Gen. mort., 58, g
North'n Paclrtc—Dlvld'd scrip ext
James River Val.— 1st, 68...1936
1936
Spokane A Pal.— lat, 68
St. Paul A N. P.— Gen., 68. .1923
VIH
I4OI4
1891
1900
1901
1915
?«"J8.78
78011871
A
Minn.
13'.'
lildV
Y.— isl, 7b.190(;
"ornsA Essex- Ist, 7a....l914
Ij-ra.
105
110
19.2(5
Mortgage 78
A
Mexican National— Ist, g., 6s. 1927 95
1917 39
2d, Income, 68, "A"
1917
7
2d, Income, 68, "B"
Michigan Central—68
1909
1031 111
Coupon, 5a
1940
Mortgage 48
Jack. Lan. A Sag.—6a
1891
98
Mil. L. S.AW.— '^onv. deb., 58.1907
1924 115
Mich. Div., let, 68
Aahiand Division— lat, 68 ..1925 115
101
Incomes
1927 100
Minn. A St. L.— Ist, g. 78
Iowa Extension, Ist, 78
1909 lOlia
50
2dmortg., 78
1891
Southwest Ext.— lat, 7s
1910 951a
9412
1921
Paciflc Ext.— lat, 68
1922
55
Impr. A equiiimcnt, tis
1211a
1937
L.A Chic— l8t,g.,48.1936
Conaol.,68
1920
On. Jack. A Mac.-lat, g., 5s. 1936
Clev. Ak. A Col.-Eq. A 2d 68.1930
aO.C. A St. L., Cairo div.-48, 1939
"n-San ACl -Con.l8t,g.58. 1928
I.
102>B
"98%
'64*4
63>i
I2II2 iManbattan Ry.— Cons, la
1990
Alemphi.s A Charl,—68, gold..l924
1131$
lat con. Tenn lien, 78
1915
120
2d, gold, 4128
On.
198T
g. «a (int. gtxl)
1012
Gen. g. 4B.(int. gtd)
1921
Debcnt. tis, priu.
int. gtd.1897
Debent. 48, prin.
Int. gtd.1897
Illinois Central— let, g., 48 ...1951
1st, irold, 319a
1961
2dmort.,58
'1211s
1919
6s. 1919
C—
C—
lat g., 5a (Int. gtd.
Cons.
Bid.
104 >i Ohio River RR.— Ut,6B
1930
96
OhloRlv.-Gen; mort., g., 58.1937 85
Oregon A California— let, 5a. 1927
100
Oreg.RvANav.— fkil.tr. g..5H.1919
86
Ponn.RR.-P.C.AH.L.-lBl,c.,7a.l900
Pitta. Ft. W. A
l«t, 7B...t912iM40
27
2d, 7a
I912:'138
105
8d, 7a
1912*130
Clcv. A P.— Cona., a. fd., 7b. 1900 -12219 123%
4th,sink.rund,
6a.l892>
1102
. .
.
10.
BBCVRITTEe.
Bid.
A San Ant.— ist, 6a. 1010 101
A 8. A.— 3d mort. 78 1905
Weat. Div., ad 6a
1931
Oa. Bo. A Fla
lat, g. tin
1997
Grand Rap. A Ind.— den. .^a..l934
(Jreen U. *. AHt. P.— Ul (Is .1011
2(1 income, all buIw. jiaid .
Houaatonio—Cona. golil Tm
1937
N. Haven A Derby, Cons. 5a..l018
Houa. AT.
'Waco A N. 7a..1908 110
Oal. H.
111
1938
60.yi>ttr .>»
BONDS—fContinue<lJ-APRIL
nal. Bar.
. .
-Piir. M.
Obw. i O.-.
PRICES.-7.V.4Cr/V:£;
566
37
1922... JAJ 106
A40
TO
'
lat
5g.l937.MA8
16
66
Meni.ACImrl.-Cona.7g.,1915.JAJ| 110
71
Stl. Ark.ATex.»j8t4a.Whenlaj<u'd
When iBsn'd 80
art 48. income
• •••
lie
95
80
40
107
71
18
70
116
71>*
89
..
«
.
1
(JflUONlCLK
666
[Vol. LII.
ABSTRACT FROM KEP0BT8 OF THE NATIONAL BA^NKS MADE TO THE COMPTROLLER yEBBUARY
Deposits.
^5
Surplui.
Capital.
Ifl91.
Ci
Maine
N.HainpBbire.
Vermont
JBoeton
Hasf., other .
Rhode Island.
Connecticut...
I Total Dlv.No.l
^
New York City
2,74'!.775
11,444.034
l,f93,o47
1,><00,118
ii.544,961
7,256,ti63
14,047,23^
15,077,587
4,605.246
7,397,557
47.270,066
94,579,027
61,342,952
15.279,413
28 961.631
2i5,411.73l
47 49,800,000 37.375,236
234,539,980
10,917,549
6,988,022
84,204,574
43,846,047
81,285,345
30,783,243
91,376,791
583,941.551
78
52
50
56
206
59
84
5b5
?
_ N. York, other
5 New Jersey..
•
I
Philadelphia.
Pittsburg
Penua., other
Total DiT.No.2
{ Delaware
266
95
45
26
286
776 171,1:24,68;
4 Maryland, otii.
« Wa^mnxton
g DlBt. Col., oth.
E
Virginia
^ Weal Virginia
41
Total Dlv.No.3
147
North Carolina
South Carolina
Georgia
20
16
30
.
.
gj
••
New
Orleans..
Louisiana, oth.
Arkansas
21
..
..
Kentucky, oth.
Tennet'see
I
lTolalDlv.Xo.4
f Cincinnati
h Cleveland
13
10
9
201
....
10
6
53
487
13
10
a Ohio, other ...
^ Indiana
jj Chicago
E Illinois, other.
• Detroit
S Mlcliig'n.othei
100
» WisconsinjOth.
L Total Div.No.5
66
708
210
10(1
20
178
8
Mlhvauiiee
Iowa
'
St.
„
a
3
t
Minnesui.n.oth
4B
8t. Ix)Ul8
8t. Jopeih
• Kansas
8
City...
oth')
^ Omaha
I
Nebraska, olh.
North Dako-a.
South Dakota
I
Total Div.No.6
I
29
40|
6361
S
S
g
r
Nevada
2
San Francisco.
282,000
2
Callfomla,oth.
I
Total Div.No.7
35
39
59
137
2,500,000
6,125,000
4,088.000
5,864,500
18.859,500
f
f
Oregon
Washington
Arizona
Colorado
Idaho
..
'
I
Total DiT.No.8
Total for U.S.
.,
Totals fob
HKHtNVK
ii
CiTiKB, Ac.
a
£0
7
26
11
6
12
11
125
Loans
Bds for
30
5-4
29-4
B«al estate
ii-7
Q.ooln&otff,
OS
U.S.ctfs.
1-3
35
dep
9-2
1,523,294
719,430
1,50,;,407
4,623,131
C.705,:i69
4,439,137
6,504,870
2,348,343
Cl'r'gH.excb
21
iVfil's
8-8
24-2
26-8
1-n
-3
1-6
2-3
11»
630
•«
6-7
•2
220
Circulation..
Dnetodep'rt
Dnetobanki
Other
liab's..
Totals..
565,390
406,380
6.882,62';
45000
380,505
165,000
125,722
164,476
303,819
158,116
109,993
221,533
613.730
248.735
312,028
3,193,194
2,336,952
392,172
1,378,850
8.475,661
36.270
9,230
11,170
5,977,620
267,110
192,080
337,300
6,830,780
5,332,802
30.322,197
9,308,845
6,701.542
569,623
14,782,527
6,143.44«
73.220,984
6.459,5bo
6,159,342
9,438,233
3,813,99!)
102, 2U9
078,350
325,003
121.949
108,582
433,084
282,051
2,ll4,22t
235,030
212.931
417,656
60,538
312.956
3,500
1,861,520
69,760
1,517,250
164.000
40,010
15.860
3.661,900
2,240
400
67,950
18,060
24,34'i
1,595,817
29,869,362
2,368,082
4,918,137
11,394,160
14,961,650
55,000
403,131
218.611
680,245
1.588,444
30S.332
lll,Vi04.650
4.6o-.i,313
157,936.^9-1
19,262,581
13,908,691
60,835,470
29.222,875
54,732,16'
1.448.037
26,437.771
481.871
20.416,53 4
769,198
64,198.876 2,583.253
32,712,379 2,129,596
75,027,477 10,990,932
45,l36.:i9I
2,136,315
15,224,773
923,273
32.464.685 1,407,24
4.690,585
700,145
20,505.100 1,269,07
336.814.571 23,390.937
4-5,000
270,000
123,330
359,330
4,997,000
300,170
61,520
59,270
120,000
1,284,407
1,678,508
652,393
4.'i,24S,683
9,440,945
27.261,312
3,917,647
20,840,635
274,704,006
26,931,424
7,764,531
8,H5.80r11,608,62''
17,002,724
3,40^,343
9,931,484
8,551,247
17,525,6
9,303,831
13,901,479
3,819,784
4.071,108
142,001,047
6,-,i69.u94
201,156
785,214
109,818
55.663
225,000
230,^64
266,58
128
565,360
886,859
2 14..' 9 3
3,570.646
33.288.73-<
12,6."i6,811
237,100
4,500
620,000
225,950
3,791.624
1,267,990!
Leg.tejid'ri
<t XT. S. ctfs.
of deposit.
100,052
84.923
107,158
56,562
83,005
36,387
198,825 1,081,972
523 521 380,396
119,523 160,616
226,014 315,776
219.443
149,067
222,519
4,037,513
1,361,1196 2,116.r.;<ii
1,100,900
76,787
288,532
208,6j3
23,430,911
1.074,973
14,337,469
200,034
2,475,77>-
328,112
4,689,933
3,069.122
49,614,931
97,800
1,871,382
119,966
668,626
212,135
21,147
637,706
241,330
3.900.392
7,459
185,416
52,6.'>3
1,698,818
586,320
793.517
7,7 87,227
86, ,6«2
101, 411
546, 521
371, 494
409 537
409, 270
110, 326
285, ,883
44, 512
2,517,041
313,703
141,968
77,008
109,406
44,760
45,295
272,092
92,378
241,872
140,637
138,188
37,00
34.487
2,000
33,010
1,520
57,610
944,579
388,155
4,039,576
9^,060 3,245,847
15,00J 1,000,500
132,996 3,193,790
150,493 2,110,540
743,389 8,651912
178.099 2,129,338
826,899
09,516
901,584
60,551
296,605
9,809
596,877
82,97
1,534,913 2.953.892
98,300
40,000
7,520
2-(,391
776,010
75,916
182.557
51,811
124,353
20,711
44,746
17,554
42,764
1.71S,i50o 1,512,193
9,180
31,100
198,755
103,131
156,244
498.410
3,399
213,8.i4
8,585
98,671
42,444
2,7 10
6.851
77.977
15.752
219,690
467.43.1
120,840
11.263
122,553
27,726
298,674
6,321
393,812
12,811
523.782
165,226
290,122
7,795
381,106
58,510
2t)0,065
19,467
549,969 1,231,704
81,756
50,570
341,103 2,662,418
112,254
36,563
539,287
2,800
532,931
51,358
136,430 J^086^142
2,537.701 1,442.510 8,694,113
80,550
1,283,570
3t;0,261
141,458
1,820,615
270,852
489,667
34,220
90,379
172,032
263,776
69,919
173,668
77,497
184,886
106,341
815,889
40,137
77,558
109,296
326.323
0,826,730
23,070
10,930
7l,4»:i
582,137
135.897
583.372 l,314,:i29
181, 9!'5
110,500
50,280
4,270
51,900
210,950
5,485,009
14,729.918
10,791.532
14,524.283
46,lh0.901
71.572
140,624
95.054
30,561
61060
37,195
1.686,950
2,031,610
1,505,872
1,781.722
7,016.319
103,059
3;0,73
639,139
53,189
1,116,119
1,857,7S8
7,030
642,000
10,980
170 630
23,520
54,000
56,340
190.500
29,860
224,420
9,780
37,910
51,130
15,600
22,660
29,040
1,827.570
627,129
191,465
67,251
1,538,480
56,122
1,580,497
36,050
313,214
58 4,895
555,753
5,976,373
12,112,229
14,193,016
822,515
26,605,946
885,643
5,336,593
125,720
15,869,025 1,031,98
9,096,15'
322558
901,799
23,913,266
11,457,169 1,928,235
20,6;8,H97
707,099
4,324.965
220,625
227.283
4.743,93 7
194,2 77,2ul 10,841,747
269,082
3,585,141
14,103,673
8,411,691
13,061.732
39,431.219
Silver
Treasury
562,139 6,179.4J3 27.774,534
296,567.889 7,713,,627 55,281,820
110 ,724
74,541
9,164,691
446,850
170,753
671,069
27,039
314,,388
890.660
8 872,525
383,500
21,900
708,560
682,590 305,219 2,868,657
99,407,287 3,229,,073
351,120
301.354 511,967 2,161,093
47,235.389 1.214,,421
613,794 1,207,098 5.242,546
91,418,628 6,434,,893 4,276,670
245.752 263,698 2.226,959
36,511,796 2,056,,441
913,480
99,171.212 3.998,,746
479.290
957.870 564.789 3,830.822
688.379.417 25,217 Fl3 62.846,2901 3,46'>,0'2 ,229, •<47 45,169,340
8,670,207
2,574.367
13,275.251
1,826,810
47,299,487
3,672,760
11,812.286
20 103,853
22.830,401
283.240
725,60
922,352
707.02
1,119,147
474,73
103,389
345,931
137,221
26, 1891.
certific'tes
Silver.
certificates. certificates
4':0.642
1,958
18,000
33,366
22.271
42,106
115.743
4,150
299,871
67,038
180,741
553,758
1,604
28,828 1,390,440
67,036
6,840
632,453
33,441
70,545
2,bO0
42.051
2.',62 J
115,622
29,409
30,965
2.501
131.243 2,370.766
101035409
i.
MUl's. MiVi
»1-1
en
MU'a
365 30 3
li',
1-0
-5
-3
-2
3-2
-3
1-3
-6
ir-1
3-8
r-2
30
1-6
28
1
1-0
10
3-0
2
5
-5
MU's Mil't JMii's MVl's. MU
13 3 118 26-4 20-4 T3-0 15-2
Mil's
16
-6
1-f
-4
•1
•9
4
•I
2-3
-2
2-4
3-3
-1
3-fr
2-0
-6
-1
7-8
1-4
J-1-
4
13-0
3
-3
32
ISO
1-0
1-24
•1
•2
l-I
•2
•1
1-2
•5
2-2
7-5
-8
16
33
10
1-1
11
1
12
6
14
3
31
20
78
44
3-6
34
934 239S 110
396 1730
-4
i
i
212-4 319-3
•2
1
60
19-5
2'
-1
•1
-3
1-8
1-4
11
13
-1
-2
4-1*
3
-2
•3
-3
6
-4
-S
57 -i 43-3
2*7^
IS 23-8
18 12 8
•1
8
r-2
3-2
•J
10-8 12-4
3-0
«-2
1-0
28
1-4
81-8 31-3
23 C 61
1-2
•4
4-3
3-6
4-9
91
17-3
-8
1-8
1-1
•4
2-4
1-2
7-5
-6
-6
-6
4
-8
215 91
17-3
-I-
3-8 20-7
5-0
-2
2-7
3-fi
•1
-1
-3
-7
13'7ll48-l!37-3 43-3I137
28
14
9-0
2
3-1
-t
1-E
43^ 29-0
!>
1
17^ 43^ 290 132- 218
25
1-1
140
31
121
321
79
171
1-0
1-0
*7
17
•8
41
"A
1-7
118
14
52
1-0
6
-4
•1
22
-1
2
2
J
MU'm. MU'lU.
SS-i 1,016 1,928
Afil'mi.
69
173
47
47
15
36
•1
•6
5-6
1-2
1-0
-6
•8
mFs
6
2-8
160 IS-
«lf 498
14-0 3ri
1
I*
J_
1
•1
4-2
319-3
Si
UabaHU:
Capital stock
593 969
21.688.918
11.470,413
13,871.22
145,794,324
101,264,453
36,072 977
48,087,600
381.249.912
1
4-0
1-2
•3
4r-2
Totals...
Bnrplus fnsd
Dodl. prodtt.
i-32,178
365,949
overdrafts.)
Gold
Treasury
16,»-3S,263
33,000
1,916,074
157,000
698,000
2
5-8
1-5
Rat.bk notes
Other re&'cefe
103,000
775,000
_B,_
MUVt. MiU't. 3HfS
14.; -8 29«'6
4-5
3
L.teDdDotefi
1,141,800
2,683,979
2,104,272
16,B7S,80t
18,343,9-,0
I
clrc.
Bll.colndictfs
404,600
3,788,417
113,441
220,000
dis
b
Otb.c. S.bdB
Btks, bd8,4c.
Dne(r.b«iili8
5.003.72O
4,257,743
8t!4,250
3,918,077
1,112,023
3,204.8)7
852,719
942,145
13,161,785
55,00;
5,407,741
1,713,372
61,944,105;
613,811
401,700
1,787,500
176,000
169,474
387,098
212,038
823,977
346.316
153,431
<£
,601 662,518.459 220.515,679 1.483.450.033
29,248,7ii6 1,927.654.56j 86,963.500 83,69 < ,90ol 13.18 1.535(173974-20
5.
Resource*.
4,041,151
21,112,656
8,134,270
9,233.783
1.244,407
204,925
1,053,527
200,000
8,635,000
450,000
3,875,000
1,050,000
350,000
2,433,V60
1,350,000
3
J
5 Montana
ft New Mexico
_ Oklah'a & I. T.
8 Utah
»
C Wyoming
956,000
100,000
2,0b0,500
558,862
10,155.942
12,251,365
3,046,517
4.700,000
1,272,500
4,50 .COO
644,000
4.995,000
982.991
9,700,000
1,271.000
2,000,000
177,000
6,850,000
947,500
4,565,000
683,031
13,350,350
1,895,856
4,000,000
546,500
8,985,280
1.533,342
2,025,000
421,798
2,605,000
636,402
80,526,995 14,058,437
4
10
5S
147
9
lt8
• Missouri,
• Kansas
1,227.231
9,100,000
:i,374,500
7.560,000
1,310,000
25,834,000
6,631,014
12.457,000
3,987,964
17,340.645
7,480,000
15,895.290
5,140,73
4,400,000
602,000
11,109,610
2,851,760
850.000
475,000
5.955,000
1,607,161
110.497,545 32,790,126
5
Mlnucapoll!"..,
968,346
4,275,000
70,50ll,4b9
143
Paul
91,147,545
2,601, 000
1.798, COO
3,936,,000
1,185, OCO
4,329, 000
1,165, ,000
3,625, 000
710, 000
24,444, 869
1,550, 000
4,901; 500
10.126 ,130
10.135, OOOl
e
.,
Louisville
I
'I
1
30
B Texas
2
12
34
lb
f Florida
d Alabama
5 Mississippi...
15,201436
2,133,985
12,413,260
3,395.760
2,475,000
252,000
4,331,300
2.176,000
27,177,305
20
.
1.854,723
1,287.500
10.136,703
6,191,418
12,895,803
6.204.726
1,352,000
1,550,000
33,220,530
14.358,630
23,S08,000
10,900.0CO
36,135,525
18
• Baltimore
I
10,935.000
6,261,050
7,3:0,000
51,800,000
45,217,500
20,184,050
23.774,370
165.481,9 ;u
5
6
i Brooklyn
Albany
g
K
Other.
Individual.
$
r
^
Qold and
counts. (Inel'u gold O. H.
Iioans
-1
14li
7.y
13
8-6
3-5
-8
236
100
38
-1
-8
-3
-1
1»
33-4
9-«
6-0
37
685
361
14
7
21^1
K-n
89
1,446 1,619 3.065
-5
488
31
427
1-20
38
104
663
220
96
1-23
8'i8 1.313
62 4-23
20
27
1,446 1.610 3.063
April
.......
|
.
.
THE CHRONICLK
It, 189:
Roam.
Ft.W.
ilailtoad Intellioence.
A
Investors' Supplement, o pamphlet of 150 pages,
contains extended tables of the Stocks and Bonds of Hailroads, and other Companies, with remarks and statistics coticcrning the income, financial status, etc., of eacfi Company.
It is published on the last Saturday of every other month—
viz., January, March, May, July, September and November,
and is furnished without extra charge to all regular suhaeribers of the Chronicle. Extra copies are sold to xiihscribers of the Chronicle at 50 cents each, and to others at
Tlie
The (General Quotations of Stocks and Bonds, oeeupying
six pages of the Chkonici^, are published, on the third
tiaturday of each month.
Latest Earnings Reported.
Week or Mo
BOAD!>.
Alleghenr Val.. February
Atch.T. 4 8. Pe. Hd wk Mcli
Half owned
id wk Mch
Total svstciu. 3d wk Mch
BtL.&SaiiF.. 3d wk Mch
Half owned..
wk Mch
Tot.S.L.&S.F. 3d wk Mch
.
.
M
AK(t. totil
.. :id
Atlanta Sr, Char
Atlanta & Flor'a
Atlanta &W. Ft.
B.&O.EastLluea
wk Mch
Jaiiuary...
.March
1891.
175.484
575,138
31,404
C0fl,543
119.0U2
30,813
149,875
75H,418
171,235
8,871
March
36,538
February 1,289,973
Western Liue.s February
398,800
Total
February 1,088.773
Bal.AO.Soutliw. 4tliwkMch
56.527
Bait. (S Potoni:\c I'ebruary
122.0G5
.
.
.
March
Atlantip.
4,539
Bir.Sh.&Tenn.K February
13,.509
Bishojisvillc .... January...
Blaeks. Als.&N.. January.
Buff. Roeh.i Pit!
.
4thwkMch
Bur.C.Rap.&S. IthwkMcli
Ati. February
Canada Atlantic February
Canadian Pacific IthwkMch
Op-F-rAYad-Val IthwkMeh
Camden &
.
.
C..r.Cum.C.&Cli. January...
Cen.KR.& Bjt.Co February
Aiixiliarv sys 3 wks. Feb
.
Central of N.j.. February
Central Pacific. February
Central of B.C.. January...
Oentr'lVerm'ut. WkFeb 2S
N.London Nor Wi Feb. 28
.
OKd.&LakeCh WkFeb. 28
Tot. system Wk Feb. 28
Char.Cin. & Chic January.
Oharlesl'n & 8av February
Char.Sum.&No. January...
Chatt'u'KaUni'u March
Oheraw. & Da rl January...
Cheraw.&Salish January...
Ches. AOhio.... 4thwkMch
Ches. O. & 8.
M arch
Ches. A Lenoir January. .
Chic. Bnrl. A Q. February
Chie.A East. 111. -ttfawkMch
Ohlc.Mil. ASt.P. 1st wk Apr
.
.
.
W
.
.
.
AS'thWu. February
Chic.Peo.&St.L. December.
Chic. Rock I. & p.
Chic.St.P.&K.(j.
March
4thwkMch
Ohle.8t.P.M.&0. Febnuiry
.
Chle.&W..Mich. 4tUwkMcli
Cln. Ga. & Ports. Maich.
Oln. Jack cSi .Mac. 4thwkMch
Oln.N. O. AT. P. 3d wk Mch
Ala.Gt. South. 3d wk Mch
N. Orl. & N. E. 3d wk Mch
Ala. & Vicksb. 3d wk Mch
Vlcks. 8h. & P. 3d wk Mch
ErlanKcr Sy.sl. 3d wk Mch
Clnn^ Nortli Wu
i
.
.March
Cln.Wub.&Mich. March. ...
Oler.Akron&Col 3d wk Mch
Olev. & Canton.. January.
.
Ol.Cin.Ch.&S.L IthwkMch
Peo. & East'n. 4thwk.Mch
Olev. & Marietta March
Color. Midland. KfthwkMch
Col.H. V. ATol.lMareh...
Colusa A Lake..] January..
Covin. A Miieon.'March.
Day Ft.W.ACh..iJauuary...
Deny. A Rio Or. 1st wk Apr
Des Moin. ANo.March
DesM. AN' west 1.March
Det.Bay C.AAI|i March. ..
I
1
l>et.Lan3;?ANo'4th«k.McU
DuluthS.S.AAtl 4tbwkMch
East Louisiana. February
E.Tenn.Va.AUa.Decciuber
Knoiv. AOhio Deeemljer
Total system. IthwkMch
Eletn Jol.&East. February
Blz.Lex.AB.8.. January.
.
.
.
i
Jvam.AInd'pll.". 4thwk Mch
SranaT. A T. H. Ithwk .Meh
Pltohburg
lVl)ruary
;
A P. Mara
Florence
glor.
.V.
No
'.lannary,
[Fchninry
.
Geo. Ho. AFIa.. Marih
OcorKcfn A W'n January...
Or. Rap. AI«d..l4tlnvkMcli
Clu.U.A Ft. W. IthwkMch
Other lines. ..IthwkMch
Total
llhwkMob
all lines.
Qrand Trunk. .. .Wk Apr 4
Ohio AGr.Tr. Wk Mch 28
Det.Gr.H AM. WkMch28
Great NortU'n —
Ht. P. M. A M. March.
Kant, of Minn. {March
.
'
t
U
thwk .Mcli
.uuary...
Cent.AP. iltUwkMch
1890,
to
Latest Dale.
1891.
175,396
552,740 6,035,045
33,390
329,620
586,130 6,365.266
114,740 1,280,308
32,613
323,886
147,352 1,603,193
733,482 7,968,460
174.936
171,2,35
8.467
29,944
36,293
130,096
1,311.457 2,725,820
409,259
836,367
1,720,716 3,382,187
61.587
543,989
121,519
258,861
6,964
14,192
14,798
29,760
1,669
2,548
4.123
4.0V 7
48,733
584,821
71,657
818,156
37,612
76,983
52.294
96,873
387.000 4,187,715
11,825
160;«32
2,437
3,618
715,408 1,572,932
275,109
821,702 2,032,484
881,031 2,206,805
11.9.54
11,295
53,990
9,748
10,809
74,517
660,428
8,363
12.915
74,677
159.537
4.461
10.537
7,724
23,032
9.934
13,401
2,541
3,153
176.777 1,937,520
154.320
568,331
6,161
6,875
1,707,842 1,758,062
41.505
32,047
1,219,863 1,355,986
114,451 115,018
457.246
44.093
4.677
19.105
75,573
33,338
17,332
11,388
10,064
147.695
451,975
35.884
3,833
15,595
72,377
30,551
16.096
11,088
9,744
139,856
1,219
50,961
16,643
40,248
332.210
37,221
30,901
35.209
224,681
1,416
50,351
15,043
34,569
314,606
42,148
1,742
10,678
1,206
31,852
39,539
143.000
7,947
15,795
46,565
28.472
36,050
6.466
587,799
21, ,585
34.034
213,022
.50,421
166,529
44,445
52,442
6,994
24,383
495,578
87,057
5,421
26,739
4,567,734
895,216
6,454,104
3,601,249
4-.24,915
3,340,222
928,846
942,982
363,290
12,880
186,750
907,933
403,877
249,92a
140.373
139,485
1,841,597
4,900
138,543
186.413
40,248
3,124,894
372,001
81,217
410,160
614,553
1,742
35,974
45,677
1,891,037
24,385
45,978
126,273
258,0821
352,270
17,100
6,783,836
707,547
1,807,073
95.963
57,809
75,411
260,902
1,051,143
755,285
6,105
384,261
1890.
*
358,<113
5,796,708
322,643
6.1 19,354
1,247,828
313,321
1,503,148
7,682,503
174,936
29,499
131,559
2,792,439
853,033
3,645,474
564,175
255.618
19,707
32.704
1,669
4.123
413.349
759,390
73,095
100,261
3,214,339
132,652
2.437
1,589,375
l,7"i5",678
1,743,100
11,954
673,747
8,363
148,576
4,461
23.543
9.934
2.541
1,767,507
483,518
6,161
5,306,820
710.836
6,158,922
3,610,395
376,165
3,667,379
1,022, i:-;9
940,781
325,692
11,534
137,214
896,713
422,395
235,789
150,088
146,036
1,871,011
4.643
128,569
163,758
34,569
2,984,511
383,343
57,463
371,991
544.576
1,266
38,221
39,539
1,3.34,821
18,970
50,920
137,386
262,214
346,293
16,198
5.832.249
581.504
1,811,223
83,667
52.442
60,571
228.871
991,811
774,835
5,421
331.479
1800.
1«,77«
11.320
179,170
38,917
4,030
04,058
12.I1H)
6,285
82,533
380.969
78,832
22,818
737,478
82.780
02,310
02.«r,4
Jan. 1 (o Laletl DaU,
1891.
l,431,29ii
,270,417
36.510
283,674
35,709
274,272
26,404
3,537
18,767
70,216
5,726
9,632
118,231
27,180
71.382
Iron R.'illway...] Vlarch
Jack'v.South't'n 4lhwkMch
3,803
24,535
90,820
9,319
7,248
113,278
28,704
85,326
9,031
4.053
5,811
73,147
32,449
15,039
239,756
29,459
39,232
478.215
67,428
52,647
7,603
13,000
29,579
166,237
117,302
77,500
48,489
31,417
10,300
134,240
163,544
138,698
6,433
145,131
5,983
287,540
72,63
292.523
167,002
18,812
11,621
.
KanawhaAMIcb IthwkMch
Kan. C. CI.ASp. 4thwkMch
K.C.F.8. A Mem. IthwkMch
K.C.Mem.ABlr. 4thwkMch
Kentucky Cent. Jauuarv...
Keokuk&West. IthwkMch
Kintrst'u APera. 4thwk Jan
L. Erie All. A So March
L. Erie A West.. IthwkMch
Lehl(,'hA Hud.. .March
Rock A Mem. ItUwkMcb
Lou^ Island
March
L.
Louis.&Mo.Riv. January...
Louis.Ev.ASt.L. IthwkMch
Louisv.&JJashv. IthwkMch
Louis.N. AACh. 4thwkMch
Loulsv.N.O. AX. lstwk.\pr
Lou.St.L.ATei. 1st wk Apr
Lynehb.&Dur'm March
Memphis A Chas 4thwkMch
40,808
11.320
372,258
191.800
4,030
519,377
102,501
53,005
675.785
3.421
70,779
13,747
0,501
91,028
382,510 4,770.401
74,002
9.32.301
20,330
203,383
.
27,6.33
l.^t
.5.411
.
882..578
.
wk Apr
Central...!
8,098
100,910
2,800
101,750
13,600
6,200
.
Gulf A Chicago. February
Uousatonlo
February
Humesl'uAShen, March.
Hutch. AHouth'n! February
Illinois Ceuti"'in.[ February
lod.Deo.AWest.lMarch
In. AGt.North'n March
J'k'nv.T.AK.Wff Fibruary
$
373.499
2.548
4,077
72,936
80,391
36.736
52.088
497,000
10,961
3.618
760,708
276,544
943,294
1,017,883
11,295
52,703
10.436
10,216
73,415
12,915
82,121
10,537
7,000
13,464
3,153
194,069
174,365
6,875
2,237.904 2,589.4K)
90,72
67,944
497,022 493,611
45,677
137.400
8.973
17,284
37,000
28,571
40,973
6,600
628,380
05,335
183,472
49,666
57,809
7,950
27,570
515,076
91,022
6.103
40,000
Jan. 1
1801.
673.591
29,975
70,391
774,558
4,272
100,755
11,050
4,220
Montana Cent. March
Tot» system March
Iowa
RAILROAD EARNINGS.
Flint.
RIoOr.lMnreh...
KU
|
$1 per copy.
Chic.
VnliorMo
1800
«
<ia. ('ai''la
(ieurKia
&
687
taU»l Barningt XepvrUtt,
Jnuesttnctxt
Bir.
. ...
8,847
4,324
5,727
73,931
26,824
9,877
220,190
33,532
28,356
474,458
65,413
20.7^6
1,920,677
134,016
271,584
2,332,307
6.1.58
207,432
39,,300
12,010
2,916,170
109,936
831.053
453,131
9,752
241,004
103,985
70,620
76,808
1,142,770
296,383
85.320
91,156
9.586
15.723
728..593
94,129
.181,990
689,847
29.439
346,573
4,663,226
591,73
1,025,337
101,798
37,000
7,079
5.171
34,371
426,460
IMexicauCent... 4thwkMch
182,263 1,649,666
(Mex. National 4tliwkMch
109,383 1,036.367
(Mexican K'way wkMch21
76,894
997,023
Mil.L.8h. A West i.st wk Apr
54,983
701,535
Milwaukee A No ist wk Apr
29,382
408.150
Mineral Range.. March
7,767
27,890
Minneap. ASt.L. March
130.114
336,319
M.St.P. A8..S.M. March....
130,275
449,729
Mo. Kan. A Tex. 3d wk Mch
138,608 1,654,333
Kan. C. A Pac. 3d wk Mch
5,677
67,722
Total Syst'm 3rt wk Mch
144,286 1,723,045
Mobile A Birm.. 4thwkMch
5,204
69,290
Mobile A Ohio
245.396
March
893,726
MontereyAM.G March..
18,100
220,740
Nash. Ch. ASt.L. February.
279,315
650,236
WesternA Atl. January..
167,002
N.JerseyAN.Y. January...
16,908
18,812
Kew Orl. A Gull March
11,003
41,897
N. Y. C.A H.R.d March.... 3,247,328 ,946,522 8,988,176
N. Y.L.F. AW. February. 2,054,403 ,056,487 4,226,632
N. Y. Pa. A Ohio January.
499,438 584,642
499,438
N. Y. A N. Eng.. February
417,781 399,006
863,821
N. Y. ANorth'n. March
35,241
43,663
101,639
K. Y.Ont. AW.. 4thwkMoh
80,350
37,168
640,474
N.Y. Susq. A W.. February
101,535
83.953
216,633
NorfolkAWest.6 1st wk Apr 173,084 176.474 2,186,442
N'theast'u (S.C.I January..
86,811
81,719
86,811
North'n Central. February
969,142
473,580 494,6£2
KortUern Paclllc ist wk Apr 452,641 431,764 5,411,742
OhioAMiss
4thwkMch
74.216
77,337
965,711
Ohio ANortUw.. March
15,854
14,528
45,948
Col. A Maysv. March
726
1,122
2,596
Ohio River
ithwk Mch
12,561
9,843
131,092
Ohio Southern.. March
52,677
50,980
148,760
Ohio Val. of Ky. 4thwkMch
4,764
72,933
7,770
Omaha A St. I... February
66,232
31,076
54,536
Oregon Imp. Co. January.
312,123
312,123 286,373
Pennsylvaula .. Febru.ary. 4,739,320 4, ,831,091 10,051,795
PeonaDeo.AEv. 4thwkMch
217.999
19,184
17,386
Petersburg
43;061
43,148
January...
43,143
Phila. A Erie... February
657,890
304,988 393,730
Phila. A Read'g February 1.470.917
,313,632 3,183.007
Coal AlronCo.lFeljruary 1,145,6471 949,066 2,589,407
Totalboth Cos. February 2,616,564 2, 262.697 5,772,415
Pitts. Mar. A Ch. 'March
3.202
10,555
3,789
Pltt.Sben.AL.E. January...
21,675
19,021
21,675
Piltsb. A West'u January...
107,049
107,049 115,524
Pitts.Clev.AT. .January...
29,371
32.633
29,371
Pitts. Pain. A F. January.
15,589
17,942
15,589
Total system 1st wk Apr
500,579
42,190
33,329
Pitt.Youug.&A. February
103,344
93,045
48,517
Pt.RoyalAAug February.
93,312
49,437
45,901
Pt.Roy. A W.Cai. February
94.461
47,558
47,093
Pres. AAriz.Cen. December.
11.400
134,594
11,088
QuincyO.AK.C.;March
62,519
19,750
20,369
Rich. ADanville. March
507,400 476.500 1,539;950
Vir. Midland. March
529,600
184,600 175,600
Char.Col. A Au. M arch
265,»50
83,400
86.850
261,300
Col. AGreeuv. March
78,950
81,270
242,150
West. No. Car March
81,150
85,000
477,050
Qeorgia Pac
March
140,500 141,400
Wash.O.A W..!March
28,050
9.800
8,600]
Ash V. A Spart. March
37,653
12,000
10.975
Total Sys'ni. IthwkMch 256,000 234,870 3,377.733
25.368
Kich. A Petcrsli. January...!
27,236
25,368
35,991
Kio Gr'de South. Ithwk Mchi
4,400
Rio Gr. West.. 3d wk Mch'
453.218
20.846
42,400
598.374
Rome W. A Ogd. February
287,389 286.968
20.556
Sag.TuscolaAII. March
7,046
7,362
329.213!
8t.L.A.Ar.II.BV IthwkMch
32,928
32,080
St.L.Ark.ATex. IthwkMch 126,154
89,138 1,005.378
293,983
8t. Paul A Uul' th February
10>',143
112,718
B. Ant. AAr. Pass November.
170,220 173,663 1,564,684
145,339
19,260
•.Frau.AN.Pac.|ltbwkMch'
22,576
121,702
23,034
Bay. Am. A Mon. March
39,000
86,085
9.035
Seattle L.S. A E. IthwkMch
9.470
7,025
nil.
SUverton
January.
7,023
65,795
31,846'
Blonx City A No. February .'
.
. .
.
.
.
.
.
.
.
-
j
•
I
'
[
.
:
.
. .
i
:
.
.
-
i
.
.
|
J
26.947
5,Jri
338.328
152,006
3,421
570,780
100,810
40.057
730.004
4,877.29a"
920,7.
1,743
248,,350
1,027,983
05,670
202.967
1,926,595
7.541
201,934
35,202
7,343
8,025,838
97,620
918,567
421.173
9,632
159,570
150,ffl8
61,865
98,700
1,103,881
330,100
71,382
89,150
9,175
14,970
711,290
75,038
1.50,645
606,617
33,532
253,983
4,586,350
525,111
846,409
87,051
14,571
453.050
1.716,942
963,216
913,4^8
752,213
367,041
22.880
330,175
489,082
1,642,331
58,036
1,700,063
62,414
784,333
71,300
587,901
16,908
37,209
8,573,780
4,212,272
584,042
833,413
122,812
476,678
190,419
2,029,418
81,719
1,053,801
4,568,652
977,844
45,574
1,934
131,018
133,906
49,166
101,797
286,573
9,993,402
171.531
43.061
623,541
2,880,363
2,100,322
4,980,683
8.518
19,021
115;524
32,635
17.942
537,634
199,257
78,920
84,244
128,508
55,485
1,483,600
494.400
237,960
265,938
231,044
487,975
25,298
32,107
4,278,322
27,23»
283,368
570,005
18,021
285,427
928,519
277,315
1,266,690.
121.589'
66.604
74638
nil.
..
.
...
....
..
Latent JSamingt Heported.
ttOAsa.
.
80. Pacific Co.—
Gal.Ilar.<&8.A.
Louls'a West
.
Morgau'sL&T.
N.Y.T.&Mex.
Tex. & N. on.
Atlantic eys.c.
system
Total of
all.
i
151,380
.
.
.
.
.
........
641,078
157,262
1,104,586
25,240
237,989
2.183,495
4,982,064
7,165,560
619,798
174,402
829,783
24,915
318,145
1,967,011
4,146,322
6,113,365
129,102
449,580
150,241
74,259
11,937
48,418
243,229
955,213
339.137
177,195
14,056
112,267
245,542
885,571
297,038
147,720
11,937
100.035
2,120
116,495
98,894
215,387
48,100
1,703,804
116,110
New Mex. Div.
153,127
84,531
14,056
57,128
1,058
91.872
63,786
155,657
15.713
178.023
3.638
96,927
9,632
25,838
10,621
18,289
40,520
.
February
cfe Col. January.
Rap. T. Feliruary
fltaten
BtonyCl.AC.Mt.. February
©ummit Branch. Felu-uary
Spar. Uu.
.
I.
.
.
.
Lykens Valley February
Tot'l both Co'a February
March
Tenn. Midland
Texas <fc Pacific ithwkMeh
Tex.8.Va:&N.W. March..
.
.
Tol.A.A..tN. M. March..
IthwlcMch
Istwk Apr
December
IthwIjMch
IthwlcMch
February
Ulster* Del.... February
Union Pacific—
Or.B.L.&U.N. January.
Or.Ey.A N. Co. 'January.
Bt.Jo.&G'dlsl. 4thivkFeb
ToLCol. ACln..
Tol.4 Ohio Cent.
Tola O.Cen.Bx.
Tol. P. & West..
Tol. St. L. & K.C.
Tol.&So.Haven.
1,782
19,623
2,165
969
205,759
53,863
138,572
43,195
344,330
97.057
46,452
15,307
183,293 1,610,309
9.982
2,681
243.237
104,348
76,995
8.075
340.120
27,126
109.312
8,397
215.265
17,880
373,203
40,400
3,495
1,744
39,238
17,301
.
.
.
.
.
.
.
.
.
.
9,991
276,635
69,282
311,251
95,905
222,798
363,513
3.480
34,309
•
632,663 333,043
473,»57 126,249
18,786
12,061
389,060 413,267
tin. Pac.D..SiG.' January...
AU oth. lines January. 1,480,370 1,431,804
Tot.U.P.Sys. February 2.682,218 2.603,622
44,714i 103.9161
Cent.Br.&L.L. January...
536,452
Tot. cont'led January... 3,070.506
60,386
81,607
Hontsiua Un.. January...
2,597
2. 108
Leav.Top. & 8. January
2,689
3.026
Man.Al.cSt Bur. January
32,836
44,871
Joint. own'd.^a January...!
Graud total. January... 3,115,377 2,569,288
235,890 199.033
O.S'kYds.&T.Co February
12,501
12,030
Vermont Valley February
4tliwkMch 311.529 351,870
Wabash
4.673
4,458
Wab. Chest. &W. January...
21,395
20,401
Wash. Southern February
82,794
84,719
February
West Jersey
82,121
60,387
W.V.Cen.&Pitts. February
6,543
7,067
West V. & Pitts February
39,379
42,701
Western of Ala March
93,400
88,200
WeBt.N.Y. & Pa.'4thwkMch
25,334
21,060
Wheeling* L.E. Istwk Apr
WU. Col. & Adr.' January... 107,122 107,807
103,104
98,187
Wisconsin Cent. Istwk Apr
7,358
8,730
Wrlghtsv.&Ten. February
9,741
11,261
Zanesv. & Ohio. January..
.
1890.
7,950
27,570
91.022
40.000
61,058
12,190
6,285
24,535
0,319
7,248
113,278
28,704
9,031
73,147
15,039
39,232
478,215
67,428
88,717
29,579
166,237
117,302
5,983
80,350
74,216
12.561
7,770
19.184
256,000
32.080
126,154
22,576
9,470
178,023
9.632
38,413
18,289
46,520
311,529
88,200
6,994
21,383
87,057
26,738
70,779
13,747
6,501
18,767
5.726
9.632
118,234
27,180
8.847
73,951
9,877
28.356
474,458
65,413
52,233
34,371
182,265
109,383
5.204
7,162,754
6,801,583
333,043
126.249
228,359
413,267
632,663
473,857
104,562
389,060
1,480,370
5,708,010
1,431,804
5.031,158
10H,916
2,536,452
60,386
2,597
2,6S9
32,836
2,569,288
438,017
24,171
3,165,098
4,458
44,516
167,301
129.764
44,714;
3,070,506
84,607
2,108
3,026
44,8711
3,115,377
498,924
24,525
2,962,822
4,673
44,532
177,808
173,900
15,050
155,261
813,550
302,114
107,122
11886
150.219
792.922
276,7rt5
Evansrille & Indlanap...
Evans. & Torre Haute
Flint & Pcre Marquette
Florida Central & Penin
Grand Rapids & Indiana.
Cincinnati R. & Ft. W.
.
.
Other
lines
Jacksonville Southeast
Kanawha &
Michigan
Kansas City
CI.
8.
Kan. City Ft.
Kansas
C.
.
& Spr.
& Mem.
. .
Mem. & Birm.
Keokuk & Western
& Western
Little Rock & Memphis..
Loulsv. Evansv. & St. L.
Louisville & Nashville...
Louis. N. Alb. & Chic
Louisville N. O. & Texas.
Memphis & CharlestonLake Erie
.
Mexican Central
Mexican National
Mobile & Birmingham ...
Sew York Out. & West.
Ohio & Mississippi
Ohio River
Ohio Val. of Kentucky.
Peoria Decatur AEvansv,
Rich. & Danv. (8 roads).
St, L.Alt. &T.H. Brches
StLouis Ark. & Texas...
San Francisco & No. Pac.
Seattle L. 8. & Eastern
Texas & Pacific
.
Toledo Col. & Cincinnati.
Toledo & Ohio Central...
Toledo Peoria & Western
Toledo St. L. & Kan.City.
Wabash
Western N. Y.
&
Penn..
Total (76 roads)
Met iucrease (5'31
The following
p.
Mil.
&
St.
$
497,022
137.400
385,969
27,653
52,647
7,603
48,489
31,417
173,084
457,641
33,329
25,838
25.334
98,187
Paul..
Denver & Rio Grande
•Grand Trunk of Canada.
Iowa Central
. .
Louisville N. O. & Texas.
Louisville St. L.&Texas.
Milwaukee L. 8h. & W est.
Milwaukee dt Northern..
Korfolk & Western
Northern Pacific
Pittsburg & Western
Toledo & Ohio Central.
.
Wheeling* Lake
.
Erie...
Wisconsin Central
Total (14 roads)
Netlncrea«e (215
'
2,001,613
3.411
"h'.'eod
'3,459
1,219
'
31,921
524
7,07!)
54,983
29,382
176,474
131,764
42,190
27,120
21,060
103,104
1,959,413
p. c.i
For week ending April
*
$
493,611
143,000
382,510
26.404
20,726
'
"
"6,494
^.OSS
"3,396
25,877
8,861
1,288
"4,274
"4,9 17
72,750
42,200
30,550
4.
For the 4th week of March the completed statement covers
76 roads.
The
gain,
it
ilh week of March.
ftev'ly reporfd l2roads)
1
Bait. & Ohio Southw
Buffalo Roch. * Pitts
Burl. Cedar Ran. & Nor.
Canadian Paciric
Cape Fear & Yadkin Val.
Chesapeake * Ohio
Chicago & East, fllinols
Chicago & (JranoTrimk..
Chicago St. P. & K. Citv.
Chicago & West Mich
Olncinnatl Jack. & Mack.
.
& St. L.
Detroit Or. Ha v. & Mii...
Detroit Lansing & North.
Doluth 8. 8. * Atlantic.
Clevc.
cm.
Chic.
Peoria* Eastern
East Tenn. Va.
&Ga
.
will be seen, is 5-31 per cent.
1891.
1890.
fit
«
2,405.337 2,388,520
56,527
61.587
72,936
18,733
80,391
71.657
497,000
387.000
10.961
11.825
194.069
176,777
90,721
67.944
78,832
74.682
114,451
115.018
44,093
33.884
19,105
15,595
332,210
314.606
37,221
42,148
22,818
20.330
28,571
28,472
40.973
36,030
183,472
166,529
Decrease
i
60,482
43.665
5,060
24.203
8,731
1 10,000
I
864
17,292
22.7771
4,170
8.209,
3,510
17,6041
'"2,488
09
4.923
16,9431
4,927
216
0.763
3,693
2,384
4,956
1,524
184
804
5,102
10,876
3,757
2,015
36,484
4,792
16,028
7,919
779
23,182
.17,169
3,141
2,716
3.006
1,598
21,130
848
37,016
3,316
435
5,270
1,557
7.162
409
6,120
40,341
5,200
147,341
508.512
361,171
weeks past.
WEEKLY OHOSS EABNINOS.
and number of roads 1890-91.
—
iTicreate.—i
Amount.
1889-90.
P.ct.
includ€<l.
750
535,239
3d week of Sept. (91 roads). 7,671,874 7,136,615
9,786 000 8,779,540 1,006,400 11-46
4th week of Sept. (84 roads)
Ist
week
of Oct.
(90 roads)
2d week of Oct. (90 roads)
3d week of Oct. (89 roads)
6-42
463.849
372,785
200,921
555,802
432,645
423,530
433,762
172,410
296,003
219,115
353,408
7,685,626 7,221,777
7,829,721 7,458,936
7,829,621 7,628,700
11,125,646 10,569,844
7,404,413 6,971,768
7,509,890 7,086,360
7,378,313 6,944,551
8,830,294 8,657,884
7,102,264 6,806,261
7,038,320 6,819,211
7,094,015 6,740,607
9,127,520 8,089,594
5,660,996 5,343,758
6,074,416 5,758,335
6,203,470 5,633,742
8,862,920 8,386,406
6,083,905 5,892,562
6,423,247 6,105,776
6,235,559 5,972,198
6,510,675 6,232,820
6,265,121 6,077,880
6.464,726 6,190,992
6,618,105 6,358,600
7,162,754 6,801 „583
2,001,613 1.959,113
500
1,03^,926
2-63
5-26
6-21
5-98
6-25
1-99
4-35
3-21
5-24
12-83
5-93
5-49
317,238
316,081
571,728 1015
5-68
476,514
3-25
191,343
5-20
317,471
4-41
263,361
1-46
277,855
308
187,241
4-42
273,734
4-08
259,505
5-31
361,171
2-15
42,200
Net Earnings Moutlily to Latest Dates.— The table
lowing shows the net earnings reported this week. A
fol-
full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
The next will appear in the
in the Chronicle of March 31.
issue of April 18.
Oross EanUiigs1891.
1890.
Roads.
«
$
881,031
Feb. 1,017,883
Central Pacific
Jan. 1 to Feb. 28... 2,206,805 1,743,100
583,770
587,045
Jan.
Mexican Central
42,951
Feb.
35,815
Ohio River
86,347
91,636
Jan. 1 to Feb. 28...
25,379
15,926
Ohio Valley of Ky.. Feb.
32,363
50,098
Jan. 1 to Feb. 28...
295,730
304,988
Philadelphia * Erie. Feb.
657,590
623,541
Jan. 1 to Feb. 28...
54.103
49,554
8an Fran. & N. Pac.Mch.
14,5.339
121,589
Jan. 1 to Mch. 31
511,892
612,738
July 1 to Mch. 31...
31,846
Sioux City & North. .Feb.
65,795
Jan. 1 to Feh. 28...
149.161
Feb.
176,916
South Carolina
354,663
291 ,445
Jan. 1 to Feb. 28...
July 1 to Feb. 28... 1,224,966 1,018,895
Southeru Pacific RR.—
116,110
129,102
CoastDlvlslou
Feb.
243.229
245,542
Jan. 1 to Feb. 28...
446.284
449,580
Southern Division. Feb.
885,.571
955.213
Jan. 1 to Fell. 28...
150,241
153,127
Arizona Division ..Feb.
339,137
297,038
Jan. 1 to Feb. 28...
84,531
74,259
New Mexico Div. ..Feb.
147,720
177,195
Jau. 1 to i"eb. 28...
Whitebr'st Fuel Co Fob
Jan. 1 to Fob. 28
July 1 to Feb. 28
.
'
Increase.
6,721
1,557
will furnish a comparison of the vyeekly re-
sults for a series of
Period
956
3,187
3.965
13,262
77,357
9,845
4,764
17,586
234.870
32,928
89,138
19,260
9,035
183,293
8,075
31,281
17,880
40,400
351,670
93,400
c).
4th week of Oct. (92 roads)
107,807 Ist week of Nov. (89 roads).
1,183,790 1,151.280 2d week of Nov. (89 rsads)
14,983 3d week of Nov. (89 roads).
17,830
11,261
9,741 4th week of Nov. (92 roads).
1st week of Dec. (91 roads).
6 Includes In both years
a Whole system, including Iowa lines.
2d week of Dec. (89 roads).
Soloto Valley Dlv.. and MarylanJ & Washington Dlv. (Shenandoah
week of Dec. (85 roads).
3d
Talley.)
c Include.f earnings from ferries, etc., not given separ4th week of Dec. (90 roads).
<t Includes Rome
jitely.
t Mexican currencv.
n Main Line.
1st week of Jan. (84 roads).
Wat. A Ogd. since March 15, in 1891.
2d week of Jan. (87 roads).
3d week of Jan. (86 roads)
Latest Gross Earuiuj^s by Weeks.— The latest weekl> 4th week of Jan. (94 roads)
1st week of Fob. (90 roads).
earnings in the foregoing table are separately sum.'ned up as 2d week of Feb. (92 roads).
week of Feb. (84 roads).
3d
follows:
4th week of Feb. (93 roads)
Only 14 roads have reported for the first week of April, and 1st week of Meh. (92 roacls)
2d week of Mch. (89 roads)
the result is as helow:
3d week of Mch. 188 roads).
4th week of Meh. (76 roads).
l8t week of Apr. (14 roads).
Ut week of April.
1891.
1890.
Iiicrease.
Decrease.
Ohicago
Decrease.
Increase.
«
506,043
446,2.S4
1891.
week of March.
4(ft
142,756
.
[Vol.. LII.
1890.
285,588
80,026
383,414
10,439
112,500
901,968
1,001,278
2.311,091 2,077,984
3,312,369 3,979,951
UK.—
Ko. DiT. (Cal.) February
8o. Dlv. (Cal.) February
Arizona Dlv.. February
Latest Date.
S
I
299,913
70,174
499,352
10,914
113.074
.
to
1891.
434,201
Haroh..
February
February
February
February
February
February
February
February
Jan. 1
1890.
1891.
WeekorMo]
Bonth Carolina
«0,Pac.
..
.
...
.
THE CHRONECLE.
668
Paoiflc
—
1
.
.
.
.
.
-yet Earnings.1890.
1891.
$
393,350
899,406
229,112
10.997
29,397
12,185
22,245
97,250
207,524
10.554
16,388
199,859
14,396
29,505
39.878
120,759
475,007
25,197
55,355
138,952
316.943
47.413
114,574
1
1.146
82.257
9,069
18,475
100,803
%
2,484
56,290
218,159
17.109
38,330
55,187
141,143
4,545
def. 4,141
158,053
94.621
135,349
332,247
38,055
60,228
108,342
186,562
53.916
101,698
27,637
56,030
8,441
28,418
95,701
.
i
!
,
.
April
THE CH1U)NICLE
11, 1891.]
ANNUAL REPORTS.
CFor
the
INOOMK ACCOUNT.
lUetlpU—
1887.
IHRfl.
NeteamlnKS
061,684
489,481
866,416
700,206
579,304
308,006
SflS,8S6
1,141,116
1,064,621
937,300
922,600
Other recoipU
Qnincy Railroad.
year ending December 31, 1890.^
diloAffo niirlin^ton
669
ft
Total Inoome
—
18M.
1889.
840464
PistnirffinenU
annual rep<.)rt of President Perkins is Riven at len^tli Iiitcri-Hton debt
304,699
377,379
800,186
S&l.OSS
OD a subsequent page. There is no railroad in the country HubBldy bonds redeemed.. 64,000
68.000
71,000
76,000
nivldenda
1,610,000
630,000
360,000
whose oiwrationa are of greater interest at the jiresent time
HutwldlM
35,000
85,000
35,000
36,00O
details
of the report for
than those of the 0. B. & Q., and all
StnklDg fund
76,0O0
100,000
President Perkins's com- MttMlUnooiM
181H) will bo scrutinized with care.
27,684
23,099
11,905
10,084
situation,
the
general
railroad
course of
nu'iiti4 upon the
diaburaementa...
Total
631,288
2,114,078
1,183,160
9^3,627
views
these
subjects,
um>n
are
legislation, &c. and his
entitled
619,832 df.4.59,4.57 df. 245,850
df.1,127
to much consideration, as he is President of the leading West- Balanee, aurplua*
developed
materially
local
has
agricultural
road
that
em
' AccnmiUated aurplusDec. 31, 1890, $1,362,953.
resources along its several lines and branches.
The comparativo statistics for four years, compiled for the
Chesapeake Ohio & Sonthvestern Railroad.
CHRomcuK, are as follows
("For the year ending December 81, 1890.^
ROAD.
The annual report of Mr. C. P. Huntington, President,
1888
1887.
1889.
1890.
4.n71
Miles own. A l«d.
4,757
4,969
5,059 states that exceptional causes combined in producing the
160
122
171
MUM op. JolnUy
157 deficit of $40,407 in the year's operations. On the 27th day of
March, 1890, the southwest portion of the State of Kentucky,
4,69.S
4,917
5,140
Totlkl operated.
5,216
and particularly the city of Louisville, was visited by a terrific
OPRKATIONH AND FISCAL KESULTS.
cyclone by which a great number of buildings were destroyed
1889.
(>pfraHont1887.
1888.
1890.
r.iH'rcar.onom.*
268,778,494 292,535,186 and many lives were lost. A number of buildings were deToiiH oar. one m
1,752,248,595 1,978,896,694 stroyed lUong the line of road, but the most serious damage
Earning*—
S
$
$
$
was the destruction of the draw-bridge over the Cumberland
6,146,121
6,223,510
Faaspnger
6,629,8.^9
6,369,646 River, an important and expensive structure.
It is estimated
18.675,655 15,484,035
18,190,818
18,843,104
FralRht
Mall, ex proas, Ac.
2459,011
2,363,986
2,270,564
2,513,217 that the loss of revenue and the additional expenses incurred
to repair the damages caused by this cyclone, affected the net
26,778,313
Tot. (rross earn. 27.576,078 23,789,167
27,725,967 results for the year to the extent of about $2.50,000.
17,690,547
Op.exp. Ataxea 16,097,913 18,832,460
18,749.«99
Owing mainly to this cause, the gross earnings increased
Net earnings.. 11,478,165
4,906,707
9,087,766
8,976,208 only $27,489, or 1 -28 per cent, while the operating expenses
P. 0. of opcr. exp.
increased $140, .335, or lt-83 per cent, over the previous year.
79-37
66-06
58-38
to earnings. ..
67-62
The operating expenses have absorbed 63-97 per cent of the
Tlie
,
:
'
'
Not iDolndiog those carried free.
INCOME ACCOUNT.
1888.
1887.
RfMiplJI—
1889.
«
$
Ket earnings... 11,478.165
859.055
Pr'm Inves'ta, Ac
NetB.,ViM.rdgr't
567,083
Total Inoorac
12,904,303
5,484.863
Dutburtemrntx—
on debt
Dividends
Interest,
8
500,154
Rat<> of divid'nds
Car'd to sink.rnd
Car'd to rcne'l rd
$
9,087,766
672,863
291,443
8,976,268
806,035
178,453
10,0.52,072
9,960,758
$
$
193,709
5,111,527
3,819,678
5
691,474
192,119
5,425,611
3,055,704
4
744,472
$
198,168
4,587,762
6,111,064
Eentiila paid....
1890.
$
4,906,707
169,601
408.555
$
206,078
5,491,992
3,819,630
5
745,492
1887.
Totol disburac'te 11,397,148
9.816,288
Balance, snrplne l,507.155dt 4,331,425
9,417,906
10.263,192
snr. 634,166
def. 302,434
nSNERAL BALANCE AT CLOSE OF EACH FISCAL TEAK.
1887.
1888.
1889.
1890.
d tgfitt—
$
BR., equip.. Ac
gross earnings, against 57-94 per cent in 1889. The physiciU
condition of the company's property has been fully maintained, and a great deal of work has been done during the
current year towards its improvement. There was an increase
in both local and through tonnage carried of 120,709 tons, or
11-99 per cent over the preceding year, but the low rates
which prevailed upon competitive business during the greater
part of the year resulted in increasing the fotal freight earnings for the year only in the sum of $23,187, or 1-54 per cent.
The earnings, expenses and income account for four years
were as below given:
EARNINGS AND EXPENSES.
^
JR
-
A
170,044.0S6 175,337,126 179.710.300 184,176.431
•27.-'73,(>f.0
-27,467,685 27,678.280*31,142,013
4,681.101
4.C'20.430
7.040.316
3.671,187
Ac. 2,738,500 2.579,791
1.304.280
1,698,440
2,498,385
2,137,152
2,863,821
2,27.5,818
10,804,491 11,766,512 12,786,780 13,813,937
BtockeJt btUowned.
Current accounts..
Baniingi from—
Paaaengers
Freight
Total
LiattUitiea
Stock,
217,681,993 224,269,909 231,383,782 236,777,826
—
common
76,392,505
Bonds
lADd grant sink.
85,2.55.708
7.006,137
6,421,067
6.011,000
9,000.000
5.920,743
6,426,706
15,248,127
fd..
Other siDking funds.
Contingent liabill'ts.
Renewal fund
MlscrllancouB
and loss
Income account
Profit
Total
76.393,.505 76,39 l,,'i05 76,394,505
92,7.53,709 100,479,508 10ti,739,-202
7,462.116
7,903,276
8,407,015
6,366,781
7,3.i8,297
6,912,281
9,000,000
7,006,832
0,466.469
10,916,701
9,0(10,000
4.665,616
6.616,214
11,5.50,867
8,376,735
9,471,154
4,720,281
9,000,000
14,375,936
6,451, .582
Totaleamlnga
Operating expenses
Net earnings
Includes nan. A 8t. Jos., Kan. C. St. Jos. A C. B., Ohio. Bar. A No.,
A K. C 8t. L. K. A No. W.. and others.
t In 1890 made up aa follows: Intere'^t due and accrued, $1,215,800;
tinpaid vonohera and pay-rolls, $1,387,438 current aooounts, $1,772,698.
•
Chic. B.
,
1888.
$
493,649
1,''2.5,987
104,146
2,001,723
1,191,857
2,005,168
1,264,458
2,134,195
1,236,669
2,161,685
1,383,005
809,866
740,710
897,5'26
778,680
142,049
INCOME ACCOUNT.
•
Receipts—
Neteamlngs
Other receipts
Total receipts
IHsbursemenU—
Hcntals
Iiiteieatonlwnda
Taxes, general, Ac
Total disbursements.
Balance
1887.
1889.
1888.
1890.
$
$
809,866
11,997
740,710
5,000
897,526
29,513
$
778,680
49,833
$
821,863
745,710
927,039
828,612
67,666
585,098
63,108
68,712
683,128
75,032
80,400
671,787
114,029
92,609
672,151
104,219
715,872
826,872
866,216
868,979
8ur.105.991 def.81,162 gar.60,823 def.40,467
11,248,431
217,681,993 224,269,909 231,383,782 236,777,826
1890.
$
488,467
1,502,799
142,929
1,416,731
Ac
Mall, express,
.
HatcriaU, fuel,
Cosh on hand
Sinking funds
1889.
$
446,656
1,436,734
121,778
$
4.50,846
Camden & Atlantic Railroad.
the year ending December 31, 1890.^
The annual report shows that in comparison with the year
1889 there was an increase in gross earnings of $62,347, equal
to 8-46 per cent, and an increase in expenses of $76,933. or 13
CFor
;
Panama
per cent resulting in a decrease of net earnings of $14,586, or
10-04 per cent.
;
Railroad.
The number of passengers in 1890 was 1,469,550, equivalent
CFor the year ending December 31, 1890.^
to 27,921.541 passengers carried onemile
showingan increase
The annual report of the Superintendent states that the of 62,764 passengers and an increase of 153,831 carried one
diminution of earnings is entirely due to the total cessa- mile. The niimber of tons of freight transported in 1890 tvaa
tion
of work
upon the Inter-oceanic Canal in 1890, 297,335, equivalent to 5,267,107 tons moved onemile showing
while work was still being carried on during the first an increase of 92,8.55 tons and an increase of 936.671 tons
three months of 1889. Although local business has fallen off moved one mile. Tlie average rate per mile was 2-99 cents,
in consequence, yet the through business has been maintained. against 3-05 cents in 1889.
The track has been kept in excellent condition, a'though only
The extension of the double track from Haddonfleld to Ber4,014 lignum-vitsc cross-ties were laid during the year. The lin, 9 81-100 miles, referred to in the last annual report, was
freight traffic shows an increase of 2,632 tons, but diminution completed and put in use in June. The sea-coast has been
of earnings amounting to $88,6.54, owing to largely reduced visited by several severe storms during the year, but no serilocal traffic and to increased tonnage under Pacific Mail con- ous dam.ige was sustained by your road.
In the item of extract.
The passenger traffic shows a decrease in numbers of penses there has been a general increase, caused by the neces886,012 and of $106,420, due to the total cessation of canal sity for the improvement of the property and additional
work during the entire year 1890.
facilities.
The report gives no general balance sheet, but the earnings
Earnings and expenses, and the income account, for four
and income have een compiled for the Chronicle as follows: years, have been compiled for the Chronicle as follows
EARNINOS AND EXPENSES.
EARNINOS AND EXPENSES.
;
;
I
Bamhidt—
Jaasengers
Freight and treaaure
Mall, expreaa,
Ac
:
1887.
1888.
$
525,602
$
563.445
2,306,078
21,930
2,451.8-26
19,674
1889.
1890.
^
221,009
$
]14.58r
1,.550,815
l,468,5itT
27,906
26.467
Total groMoarnings... 3,000,102 2,891,45m 1,799,729 1.609,652
Operat'gexpenaeaAUxca.2,348,468 -2,036,037 l,'220,526 1,027,316
Met eamlnga.
661,634
856,416
679,204
682.336
1887.
1888.
1889.
189a
$
$
$
$
492,225
122,546
63,872
490,9.37
.529,156
136,663
68,.527
132,103
75,886
567,619
157,730
84,343
Total groaa earnings
678.643
696,127
664.636
737.144
691.853
799,491
668,787
Neteamlnga
138,562
131,492
146,201
130,704
£<>min|7*—
Paaaenger
Freight
Mall, expreaa,
Ac
OpenulDg exponaea A toxea.S40.081
:
THE
v70
INXOME ACCOUNT.
Not earnings
Interest,
&c
Total Income
1887.
1888.
1889.
^??'too
1^.522
£
131,492
7,244
145,291
8,165
153,084
138,736
153,456
IHsbursements—
Kentals paid
DlTid'ndonpref.'stock.:...
Miscellaneous
Total dlsbursemeats
Balance, surplus
10,110
92,620
12,697
140,824
12,632
119,802
12,127
13,652
85,120
5,621
140,535
12,549
126,394
12,342
(5)
4,375
m
order
It is stated that
given in deto provide for certain floating obligations, which are
financial condition, the
tail, and to place the company in sound
management of the St. Louis San Francisco ER. has decided
to issue a new consolidated 4 per cent gold bond, to the amount
of $50,000,000, subject only to prior liens of present outstanding mortgages, securing bonds which will be gradually reThe circular says:
tired and be replaced by the new bonds.
The present total outstanding direct mortgage bond issues of the St.
Louis & San Francisco KR i8ia6,077,500. This will leave $13,922,500
consolidated 4 per cent gold bonds available for the following purposes- To provide for retirement of $2,800,000 Atlantic & Pacific
Ballroad Company's second mortgage 6 per cent bonds, guaranteed
by the St. Louis & San Francisco Kailwav Company to provide proper
facilities, machinery and equipment for carrying on the business of the
company lo pay "the floating debt of the company, provide the
treasury with cash resources, and for any lawful purpose.
The Atchison Company wlU offer $4,500,000 of the new bonds of the
gt. Louis & San Francisco Bailway Company, when Issued, to the
holders of St. Louis & San Francisco Kailway Company's first preferred
stock, each eliarc of i-tocli being entitled to $100 in the new bonds. These
bonds draw interest from October 1, 1890, at 4 per cent. The Atchison
Company also will extend this 4 per cent Interest back to January 1,
&
ew
;
;
preferred stocljholdcrs, upon surrender of iheir cerpar in the new bonds and interest in cash
from January 1 , 1 890. The Atchison Comcontinuously
cent
at 4 per
pany, in obtaining these bonds from the St. Louis & San Francisco Company, will expect to pay 4 per cent interest, and will thus provide the
latter company with interest on $4,600,000 of Its new bonds, leaving,
wLen all the available new bonds are issued but $376,900 annual interest devolving upth the St. Louis * San Francisco Company to pay on
the new issue. This sum will be less than the sinking funds, improvements and other charges, heretofore made, but now to be provided for
by the new bond issues and places the fixed charges of the company,
under much improved condition for the property, on what Is believed
to be an absolutely safe basis.
so" that first
tlflcates of stock, will receive
;
'
—
Beech Creek. On listing the first mortgage bonds recently
the following statement was made to the Stock Exchange
'•Referring to the application of this company, dated February 24, 1887, for the listing of its bonds and stock as then constituted, the following statement and further application is
:
now submitted
"The $5,000,000
:
firtt mortgage borvds mentioned in said
application were all issued in the form of coupon bonds,
and were so listed. The mortgage describes only coupon
bonds, but provides the same security for any bonds 'that may
be issued and accepted in lieu, renewal or substitution of
the same;' and, by an agreement between this company and
:
the Knickerbocker Trust Company, trustee, dated May 38,
1890, and duly recorded, provision has been made for the issue
of registered bonds in place of any of the coupon bonds which
may be surrendered and canceled. Provision has also been
made in the lease, hereinafter referred to, for the guarantee of
the New York Central & Hudson River Railroad Company to
be endorsed upon the bonds of this company when presented
for that purpose.
" The capital stock of this company as originally issued
and listed, consisted of 26,000 shares (§50 each) of preferred
Ettxjk and 74,000 shares (§50 each) of common stock.
Provision has now been made for retirement and cancellation of
the preferred stock, and the issue of additional common
stock, share for share, in its place. Provision has also bsen
made for a guarantee by the New "York Central & Hudson
River Railroad Company, of quarterly dividends at the rate
of four per centum per annum upon the common stock of
this company. At this date about one-half of the coupon
bonds herein referred to have been surrendered and canceled,
and registered bonds issued in their place and all of the preferred stock, with the exception of two shares, has been surrendered and canceled, and common stock issued in its place.
The changes herein referred to do not increase the total amount
of the stock or bonds of the company, issued or to be issued.
The railroad of this company has been leased to the New York
Central & Hudson River Railroad Company for a term of 999
years, and said lease provides for the guarantees herein referred to.
Copies of the lease are .submitted herewith; also a
copy of the agreement between this company and the Kniokbooker Trust Company, Trustee, in relation to the issue of
registered bonds, and snecimen copies of said registered bonds.
" Applicniion is hereby made for the listing of the following:
$5,000,000 first mortjrage guaranteed 4 per cent gold bonds in
Iwth coupon and registered forms; 103,000 shares of $50 each
Ruaranteed common stock.
The request is also made that
these securities l)e listed under the same general heads and in
like manner with tho.se of other roads leased and
guaranteed
by the New York Central & Hudson River Railroad Company, and that thereupon all other securities of this company
be stricken from the list."
;
:
corporate seal, duly attested, at
A. D. 189
New York, the
day of
"The New Youk Central & HtJDSON ErvEE Eailroad Co.,
" Attest
By
Secretary.
President"
Called Bonds.—The following bonds have been called for
payment:
Chicago, IlliiJois, Lincoln Park bonds, to be paid at the
American Exchange National Bank in New York City on
1, 1893, fifty bonds, as follows:
Nos. 17,85, 101, 124, 144, 147, 157, 183, 20G, 211, 251, 252, 257, 253,
Ateliisou— St. Lonis & San Francisco.—A circular was issued from tlie Atcliison office in Boston on the 7tli inst., addressed to the first preferred stocltholders of the St. Louis &
1890,
The following
April
GENERAL INVESTMENT NEWS.
San Francisco Railway Company.
[Vol. Lll.
BEECH CliEEK HAILBOAD COMPANY.
is the form of guarantee on the bonds
" ffHara>!'«f .—For a valuable consideration, the New York Central
130.704
guarantees to the holder of
1,225 & Hudson Elver Railroad Company hereby the
principal and interest
the within bond the iiunctual payment of
the-same shall become due and payable In witwhen
and
as
thereof,
131,929
ness whereof the said company has caused to be hereunto afSxed Its
1890.
10,378
92,620
4,415
•^•*<>Z
(2i2)22,001
(3)26,403
43,988
7,008
4,960
85,120
Interesi on bonds
Other interest
(JHRONICLE.
262,296,297,460,467,477,483, 510, 529, 536, £46, 556, 564, 568, 593,
596,615,625,632,657,694,717, 719, 729, 730, 740, 747, 754, 766, 768,
806,818,820,852.892,893.
Canadian Paeilic— The earnings, expenses and charges in
1889 and 1690 were as follows
:
1889.
Total earnings
Operating expenses
Net earnings
Fixed charges
Surplus
1890.
$
$
15,030.660
9,024,601
16,5!i2,529
6,006,059
3,779,133
6,299,701
4,246,618
2,226,926
2,053,083
10,252,828
Notice is given to shareholders that at the tenth annual meeting to be neld on the 13th day of May next, at Montreal,
steps will be taken to give effect to any legislation by the Parliament of Canada authorizing the issue of consolidated debenture stock in respect of the company's Souris Bi-anch Railway, the Columbia & Cootenay Railway, the Lake Temiscamingue Colonization Railway, the Calgary & Edmonton Railway and a railway from Saskatoon to the waters of tho North
Saskatchewan River; and of outstanding obligations in connection with the Manitoba Southwestern Colonization Railway Company, or any of the said matters.
Chicagro Gas. In Chicago, April 9, at a meeting of the stockholders of the Chicago Gas Company (Gas Trust), at which
about 230,000 shares out of a total of 350,000 were represented,
it was decided to surrender its charter and ask the Fidelity
Trust Company, of Philadelphia, which holds the securities
of the various companies in the Trust, to issue its certificates
to the present stockholders of the Gas Trust, which should
entitle each stockholder to his pro rata proportion of the
stocks of the several companies in the Trust, subject to the
pledge to secure the bonds. This action was taken in view of
the decision of the Supreme Court to.the effect that the Trust
had no right to hold the securities of other companies. There
are some 1,400 or 1,500 parties who are owners of Gas stock,
and the certificates to be given by the Fidelity Company will
certify that the holder is entitled to his ratable proportion of
the ownership in all the stocks held by the Fidebty Company,
subject to the lien of the bonds, with the right to receive the
dividends thereon and the right to vote the same aa he may
—
choose.
After the dissolution of the corporation and adjournment,
the meeting re-assembled, ratified the action of the Trust, and
resolved that E. C. Benedict, E. J. Jersmanowski and Walton
Ferguson be nominated and appointed attorneys and agents
for the individual property-owners, to act for them in all
matters pertaining to the management of the property. Tho
meeting further ratified and confirmed any and all things that
Messrs. Jersmanowski and Ferguson may do in the management thereof. It was declared that a majority of this committee shall have power to act and to fill vacancies in its
number. Mr. Benedict, the head of the committee, held
$20,500,000 worth of proxies, which he voted solidly for the
reorganization.
Cincinnati Wabash & Micliigan.— A meeting of the stockholders of this railroad has been called for May 9 at Elkhart to
execute an operating agreement between that road and the
" Big Four," and to consider the issuing of a §4,000,000 mortgage jointly with the " Big Four."
Columbus & Hocking Coal & Iron— Ohio & Western
Coal.— The holders of the outstanding $3,000,000 bonds of the
Ohio & Western Coal Co., who are also interested in claims
against the Company aggregating some $300,000 have proposed to the Columbus & Hocking Coal & Iron Co. to consolidate the two properties, which adjoin each other, and to
issue a consolidated mortgage for §2,600,000 (6 per cent)
covering the whole.
Holders of the $1,000,000 Hocking
bonds to be given a like amount in the.new issue with a bonus
of 10 per cent in stock, and the balance (§1,600,000) to satisfy
the debt of the O. & W. The ca])ital stock of the consoli-
company
j
proposed to make §9,400,000, to be divided
as follows $100,000 to the Hocking Coal & Iron bondholders,
$5,040,000 to the stockholders of that Company, and $3,660000 to the bondholders of the Ohio & Western. One-half of,
the stock shall be held in escrow for two years. The $4,700,-'
000 Hocking stock receives a bonus of 30 per cent in the ex-,
dated
it is
:
change for the new.
j
"The proposition is being considered by the larger holders ofj
the Hocking securities, and if approved it will be submitted
Western Coal'
the stockholders. The property of the Ohio
Co. consists of some 6,000 acres of coal lands, blastfurnaces, etc.
Comstoek Tunnel. The directors of the Comstock Tunnel
Company held a meeting on the 2d inst. for the purpose ot
receiving offers for the redemption of bonds under a call of
&
—
m
|
;
:
April
THE CHRONICLK
It, 1891.]
March 18. In all fifty offers were made at various prices, anil
from these offers the company purchased 1881,000 face vahuof
3
Tbe above does
not, of course, inclade the Wisconsin CenFebruary operations, including the Wisconsin
Central, were
nnxMnnmlnss
91,706,49 3
Operating oxpoDMS
1,275,1 83
tral.
bonds (apparently at figures averaRing under 89), thus reducinR its bonded indebtedness to $1,908,000, making a reduction
The ollkiiiU
interest chnrges of |9,240 per annum.
that there will remain $100,000 in the treasury over and
above the $3ii,160 required to pay the coupon due May 1.
in
571
its
8t;ite
Long Island.— Mr. Austin Corbin states that he, with other
iiersons, has purcha.sed all the holdings in the Long Islatiil
KR. of Messrs. J. R. Maxwell, Henry Graves and Henry VV.
Maxwell, and they, having disposed of then: interests
the
Tlio
Net
Otber Income
9921,300
340, 475
Total net
CbBTgog
$7ffF,77i
m
938,334
Doaoit
$170,4 49
Tlie funded debt increased $1,21S,000 in February, and is
from the board.
now $121,391,500. The increase was in the new 5s, the issue
Louisville New Albany & Chicago.— The litigation iu of which since June 30. 1890, has been $18,414,000. Of these
Chicago against this company in which Mr. W. S. Alley wa.s 810,000,000 took up the Oregon
Trans-Continental bonds.
plaintiff has been discontinued, owing to settlementof the case. The total iss.ue is $!l8,0'13,000.
The Chicago Terminal bondi
Under date of April 4, 1891, the company issued a circu- do not appear in the Northern Pacific debt.
lar to stockholders as follows:
New York Stock Exchange— New Hccaritles Listed.—This
"PursiLint to a resolution of the Board of Directors paBsod item is publislied to-day on page 574.
M.ircli U. 18!il, an Issue of stock of fourteen thousand (14,<MKt)
Rhari's will be made. In accordance with the cbaitcr, for the •buildhiK',
Pacific Short Line. Messrs. Wendell Goodwin, E. L. Bierrcpairinp, equliiplng and conducting of Its road;' and this stock U bower and W. E. Guthrie, receivers of the Wyoming-Pacific
hciehy offcrc<l |>ro rata to iho stockholders of reconl at the clo^c of
buslnoss on April 15, IS'Jl. at its par value of one hundred dollivrs Improvement Co., which was building this road, have made
1*1 00) per share.
In case of the failure of stockholders to subscribe (or the following report concerning its affairs to the creditors and
tilts issue, arningenicnts have been perfected wltli a syndicate, repre
subscribers
sen ted by the tinu of Messrs. Poor & (Jreeuounh, bankers, 20 \V:ill
Bo far as the receivers can aaoortain, tbe property of the corporation
Street. New- York, to guarantee the sutjscrlptlon.for a conslderathiii.
of
The f'onipany has arranged with that tlrni that any stockholder (i( consists
1. The equity of redemption's $2,583,000 of the 5 per cent 40-year
record m:iy parddpate iu proportion to his holding of stock on the
bonds
of
tno Nebraska & Western Knilway Company, secured by mortterms
otlier
members
of
the
syndicate
in
the
same
as all
guarautt^e
referred to, upon satisfactory evidence of his resnonsiblllty. Any gage to the Manhattan Trust Company, bearing date July 1, 1889, and
stockholder desiring to participate is hereby instructed to communicate 25.830 shares of tho capital stock of said railway company, all of
with .Messrs. Poor & (ireeuout'h. on or before the 15th of April lust., which such stock and bonds have been pledged to various parties for
loans made to said Improvement company aggregating $1,HOO,000 or
at which time the privilege will cease."
road, will retire
&
—
—
,
:
!
—
Mineral Kans^e. The funded debt of this company lias
been about all exchanged or retired, and the new capitalization is 8^100,000 stock and §600,000 consolidated first mortgage.
The new bonds are forty-year 5 per cents and over all the property, including $350,000 of Hancock & Calumet stock, which
is tive-sevenths of the whole issue.
The old Calumet Extension bonds were given 50 per cent in new bonds and 25 per
cent in stock the Houghton Extension and bridge bonds leceived 75 per cent in the new issue and the old fours 50 per
cent in the new and 40 per cent in cash.
Nebraska Railroad Bill. Governor Boyd of Nebraska
had the moral and political courage to veto the Maximum
Freight Rate Bill, and though passed over his veto in the
House, it lacked a few votes of the requisite two-thirds to pass
the Senate. The Governor gave many substantial reasons for
his veto, among which we quote the following
;
—
:
"The bill is supposed to be based on the Iowa law. which allows
weaker roads to charge higher rates than the stronger, and this la just.
This lilll puts all roads ou the same basis, without regard to the volume
of business, and the rates fixed are the lowest Iowa rales.
Iowa has
nearly twice thcpipulatiou of Nebraska, double tile acreage under cultivatlon.with two-thirds less territory and less thandouble railroad mileage
The volume of f reiglittrausported is more than four times asgreat. To
put Iowa rates in cllect in Nebraska is manifestly unjust. Tonnage in
Ncliraska this year is 40 per cent less than in 18<J0, and as the bill reduces rates on an average nearly 50 per cent, tliis bill would, in my
judgment, bankruiit every road in the State. I have several letters and
petitions from all over the State, from all classes, and I tind that commercial, manufacturing, financial and industrial interests, and those
who have studied the matter closely, are unanimous in opjiositiou to the
Dill.
I believe that if the bill passed capital would be prevented from
coming into the State, not only for coustructiou of raili-oads but for
many other enterj)riBes." • » " There is not a mile of road west of the sixth principal meridian, except the trunk lines, which Is paying running expenses. Most of our
products must be carried at inter-state rates, and on grain our rates are
very little higher than those in Iowa. These rates cannot be reduced
and might lie materially advanced in self-defense and for self-preservation. In fact, under this bill, they could be increased more than 20 per
cent. In one season the roads could raise rates on grain so as to swell
theuTcvenue over .•i:l,()O0,0OO, all of which would come out of the
rarmer. The railroads would lose on articles iu which farmers are indirectly interested. The railroads have of late done well
by us on outbound shipments, and it is not safe to force them to retract by unfair
preaaure on our part.
•'The prevailing impression that railroads here arc making a high
rate
of interest on watered stock Is a mistake. We
must adniit that the
roads with tcnmnals. etc., cannot t)e duplicated at less than
$25,000
per mile of main track. On this basis we find that sworn statements
were 4:i per cent, in 1889 SMj per cent, and In
?SS)T,-,' P™"'"!" i*^«8
t'"' l"st covering a very prosperous period.
Good
..
s! fe'',V''"t'
autiiorttv
tcUs me that on several roads the decrease is fully 40 per
'- of" tliis a reduction of
out each month compared with 1890. 'In view
40 to (iO per cent in rates could not in all probability be upheld
in the
courts. It 18 unfair, unwise and suicidal on our
part Railroads pay
an 1-7 of the State taxe?. They should beencouraged
be
encouraged
help
to
S"r,'',.l'"!M'"'V,"'L1''^5"**'.'"'^P''ta.
upbuilding the Stat.^. Legislation is for the greatest good to the
grentest numiH-r, and although this bill was passed
with the bcatlnteu''"' "".'^ receive the attention demanded by It^ imJl?rt^.;" '^V'"'''*'' "
'"'^« cx.ieted unjust tribute:
SSdthUni,.,!'..T"*'.'.f'=''''''''"?",™'''l^
'"'' "''
""' "ot 80 »s to inflict iiuustice. If
tte blU
11 was
w « law,
„w wages ™F«<',"«"'
tje
of railroad emi)loye3 would be reduced anu
'»'^1"«««' and
thou.saiids dismissed, overstocking the laiior
snpplv
_^ J '.'"'.^""""/'.'c that my action will be disaiinniv
-'.«-
'
I
bold luy approval of this
™^*^. ""?"''''
round
""*•
bill.
*'***«''*'
to-day on page 574.
lines
T«eT.
.°".":*.'^'""*"
Interest
onbouded debt
of the "
preferred
stwk
:
<
«S2
-.....:::.:.:.:"•.:•.:::•.
".....".'.";;;
Sinklugnind
Total monthly charges
Philadelphia
& Reading.—The
traffic agreement between
and Lake Shore companies, it
The contract is a mutual one
for inter-change of business, and one report states that Reading
will receive 25c. per ton more for coal hauled over the N. Y.
Central to Buffalo, and will give a rebate on goods shipped
to the mining regions.
Reading's heavy orders for new cars, amounting to about
$2,500,000, will not be paid for by an issue of car trust bondsas heretofore. The company issues sixty notes, maturing at
this company, the Beach Creek
is said, will be announced soon.
—
moiithly intervals during the next five years, the holders
lien on the cars until the last note is paid.
Reading's extension from Bound Brook to Arthur Kill is
under construction near Metuchen. The arrangements have
been made with capitalists to furnish funds for the work, as
needed, until the bonds can be disposed of. The road is esti-
having a
—
mated to cost about $1,500,000.
Southern Paciflc— The annual election of the Southern
Pacific Company, controlling the Huntington system of roads^
was held in San Francisco, April 8. Shares representing a par
value of $115,000,000 out of §116,000,000 were voted, and tha
old board of directors was re-elected, as follows: C. P. Huntington, Leland Stanford, Charles F. Crocker, S. T. Gage, A.
N. Towne, J. C. Stubbs, W. E. Brown, W. V. Huntington,
E. U. Miller, Thomas E. Stillman and Tliomas H. Hubbard.
President Huntington presented a report of the year's work
and spoke favorably in general of the year's business and of
prospects during the coming year.
Tennessee Coal Iron b Railroad.—The annual meeting^
at Tracy City, Tenn., on Tuesday, the 7th inst. The
annual report which was presented by President Piatt showed
that the company earned ^200,000 last year over and above
fixed charges, dividend on the preferred stock and a deposit
to the sinking fund account.
The report has not yet come to
hand. The stockholders were presented with the facts in regard to tho offer of $2,500,000 (that is, about $1,100,000 above
Aulhorized.-This item will be the mortgage debt) by an English syndicate for the Tennessee
^''*'"« Heraldsays: President Cakes
nf^lll*'??!",,*''"''
o'"-~J''f
of.the Northern Paciao
furnishes the following figures as the
correct monthly charges ahead
Branch
thereabouts, being about 61 per cent of the par value of the said bonds,
not including the stock.
2. Certain uucoilectcd subscriptions to the company, for which certificates were issued entitling tho liolders t« receive 55 per cent of the
amount of said subscriiitions, when paid, in stock of said improvement
company at par, and 45 per cent in the first mortgage 5 jier cent bonds
of the Nebraska & Western Kailway Company at 90, the total
amount of which unpaid subscriptions is aiiout $211,391 07, of which
amount the undersigned are advised a considerable amount cannot bo
Collected iu any event, owing to the insolvency of subscribers or otherwise. The undersigned are also advised that it is doubtful whether any
of the unpaid subscriptions can be collected so long as there are no
bonds on hand with wliich to satisfy the contract of subscriptions in
that liehalf, if payment were made, and as the improvement company
is now insolvent and its stock wortlileas.
3. Some small amount of cash and possibly some rights in or to certain land or rights of way, of very problematical value. No funds have
come into the hands of any of the undersigned suBlcient for the employment of counsel or to take steps against delinquent subscribers, or
even for the general services recessary to l)e rendered to the receivers.
After considering the entire subject, the undersigned are of the opinion
that the only iiossibility of the unsecured creditors of the subscribers
to tho company procuring payment of their debts or reimbursement of
their subscription lies iu the redemption by payment of the loans above
mentioned, for which the bonds of the Nebraska & Western Railway
are held as collateral by the subscribers or creditors, and their becoming iu such manner the holders of said bonds and ultimately taking
lK)88cs8ion of the property with view to a profitable operation of tho
same iu the future.
•t-,'.
'flip'o
n^So""!
............'.'..
as f'a
;...
^gyg,^-^
was held
Division, and President Piatt requested an adjournment of
the meeting for 30 days in order to give ample time to consider the matter before acting. The following Directors were
elected: J. H. Iniiian, T.
Piatt, C. C. BiUdwin, W. C.
Sheldon, James Stillman, F. T. Brown, James T. Woodward,
Samuel Thomas and A. B. Boardman of New York; Thomas
Barrett, Napoleon Hill and Enoch Ensley of Memphis; N.
Baxter, Jr., and A, M. Shook of Nashville, and T. T. Hillman
of Birmingham. The Directors will meet in New York April
15 to elect officers.
C
.
:
:
THE CHRONICLE.
672
[Vol. LU.
Brmight forward
CHICAGO BURLINGTON & QUINCY RR.
Chicago, January
To
1,
&
Burlington
The Cross Earnings of the Compaay, including
roads and branches, have been
From Freight
•'^'II^E'e^t 59
1891.
Quincy
7
all
The Oj)erating Expenses
Charges have been as follows
P. B.
leased
m
J27,725,966 74
$610,029 54
196,005 29
Bondsof 1927 (Nebraska Extension)
B. & M. E. RR. (Iowa)
Land Grant 7 per cent
178,454 85
$3,517,194 57
$954.907 50
954,907 50
954,907 50
9.54,907 50
202,000 00
275,000 00
38,50000
3,062,006 00
4,613, 194
Net increase of Funded Debt during the year
Funded Debt December
31,
00
$111,459,482 70
1890
Whole amount of Stock and Bonds December 31 1890.$187,853,987 70
,
LENGTH OF ROAD.
3,819,630 00
$302,435 43
1889.
$27,725,966 74
26,778,312 67
Gross Earnings from Operating In 1890
Gross Earnings from Operating in 1889
$947,654 07
Increase in 1890.
.$25,193,26185
24,052,750 41
The number of miles of Eoad owced and leased by
the Company, including all Branches, on Decem4,969
ber 3l8t, 1889, was
Add for mileage leased and operated Jointly with
other Companies and Eoads for which a fixed
yearly rental
1890
1889
$2,532,704 89
2,725,562 26
$192,857 37
Decrease In 1890.
Percentage of Operating Expenses (including Taxes) to
1 890
Gross Earnings
Percentage of Operating Expenses (including Taxes) to
Gross Earnings in 1889
m
is
miles
171 335ijoo
paid
"
5,140 3"oooni'leJ
Report
There have been added during the year—
In Wyoming.
An Extension of the Grand Island
& Northern Wyoming RR., from
Newcastle westward to Merino,
completed and opened for business August "i, 1890
In South
67-62
»sa, 00,
Total number of miles operated by the Company,
December 31, 1889, as stated in the last Annual
$1,140,511 44
Increase in 1890
in
in
6,000 00
Bondsofl893
Total
Deficit
Net Earnings
Net Earnings
36,00000
C.
^^^ ^^^ ^^
M. K. B. B. In Nebraska Land
Expenses and Charges in 1890
Expenses and Charges in 1889
.
Nebraska 6 per
Bonds of 1919 (Iowa
Division)
B. & Q. 4 per cent
Bonds of 1919 (Iowa
Division)
C, B. & Q. 4 per cent
25,193,261 85
$2,532,70189
COMPAEED WITH
iu
720,000 00
Purchased for Sinking
Ftinds and canceled:
C. B. & Q. 5 per cent
Department for the year ..
m
890,500 00
ceutBonds
"iS^SZZ 50
f ?.
5,491,992
745,492 50
m
6 00
Trunk EB.
cent Bonds of 1896,exclianRcd for B. c& M. B.
ER
Dividends have been paid on $76,392,«00 of Capital Stock as foUows :—
per cent
March l.'i, 1890.
June 16, 1890, l>4per cent
per cent
September 15, 1890,
December 15,1 890, 1 >4 per cent
653,000 00
Q. Scrip issued in
purchased
Quincy & Warsaw RK. 8
per cent Bonds of 1890,
purchased
Nehr.ifika Railway 7 per
$3,338,739 72
1890
&
8p. cent Bonds of 1890,
and
LeavingNet Earnings
Add for Dividends and Interest on
Securities of Controlled Roads
Other Interest and Income
Bonds of 1890,
Illinois Griink
:
Kent of Tracks and iJepots
mtereston bonds
Siuliing Funds
&
cent
exchange for H. & St.
J. KE. Stock, purchased
and canceled
0^ratingExpenses......................n7,538,455 68
Net Receipts of B.
p.
paid at maturity
:
o'^Vv^t? 01
2,513,217
$7,675,200 0«
-
:
From PaBseiiKors.:.... -•••-•••,•
From MaU, Express and Miscellaneous.
$36,000 00
have been as follows
C. B. & Q. 4 p. cent Bonds
of 1 890 (Northern Cross
ER.)paid at matiu-ity.. $241,000 00
C. B. & Q. Trust MortRage
BR. Co.
the operaYour Directors submit the following report of dl, 1S9U
endmg December
tions of the Company for the year
EARNINGS AND EXPENSES.
-
p.
The reductions during the year
THIRTY-SEVENTH ANNUAL REPOET.
the Stockholders of the Chicago
%tob,S4b,iSS TO
^7,6jg,2oo oo
cent Bonds ofl918,
issued iu excliange for
Nebraska Kail way 7 per
cent Bonds
6
29
8to, 000
miles
Dakota
of the Grand Island &
Wyoming Ceutral RE from
Edgemont northerly to Dead-
A Branch
,
6606
Completed and opened
for business te Hill City, Nov.
4,1890
wood.
1-56
Increase in 1890.
Total number of Passengers carried one mile in 1890,
(exclusive of Free Mileage)
In 1889
Increase in 1890.
23,756,692
Gross Earnings from Passengers in 1890
Gross Earnings from Passengers in 1889
Increase in 1890.
$6,369,645 59
6,223,50p 93
Deddct—
Mileage from Indianola to Avon
Junction, Iowa, Leased of, and
operated jointly with the Chicago Rock Island & Pacific Ey.,the
use of which was discontinued
July 18, 1890
IS'iOjooo miles
$146,135 66
Total number of Tons of Freight carried one mile in
1890 was
1,978,896,694
lnl889
75i80iooo miles
Total
number
of miles operated
1,752,248,595
Increase in 1890
226,648,099
Gross Receipts from Freight in 1890
Gross Receipts from Freight in 1889
Increase in 1890
$18,843,104 14
18,190,817 68
$652,286 46
CAPITAL STOCK.
There has been no change in the Capital Stock of tlie Chicago Burlington & Quincy Railroad Company since the date
of the last Report.
Capital stock of the C. B. & Q. RR. Co. December 31,
iE7A Qfto RnA on
1890, was
<3«pltal Stock of the Burlington & Missouri River Railroad Company (Iowa) December 31 , 1890
] ,905 oo
Jl-gregate of Capital Stock on
December
31, 1890.. $76,394,505
00
the date of the last
Report, including contingent liabilities for its branch roads,
"*
There have been issued during the year
Bonds as
follows
O. B. & Q. Convertible 5
per cent Bonds of 1903
sold
$7,639,200 00
in
Nebraska
Consolidated Mortgage
5,216S",ooo mllM
by the Company Dec. 31, 1890..
Divided as foUows—
Number
of miles of
Road owned
and leased by the Company, in5,0590S3 goo miles
cluding all Branches
Miles leased and operated jointly
with other companies, and Roads
for which a fixed yearly rental
IS?""! 000 miles
is paid
I
5,21 6S'i7.ooo miles
Average number of miles operated during 1890
5,160* »iooo miles
LENGTH OF SECOND TRACK.
In Iowa 260,00 miles of Side Track were converted into Second Traolt
during the year.
^
The number of miles of Second
'
Track on Dec. 31, 1890,
FUNDED DEBT.
The Funded Debt of this Company at
»
B.&M. R. RE.
59860)000 miles
89600 000 miles
292,535,186
268,778,494
was—
20376,00 miles
InllUuoU
In Iowa
InNebraeka
J
88 0ooniUes
476,oomile8
Total
•
29680i(,«
mUei
LENGTH OF THIRD TRACK.
$106,846,288 70
Length of Third Track reported
Dec. 31, 1889,
was
2370,oo miles)
.
In Illinois, during the year, 6
miles new third track were
6
built
Total Dec. 31, 1890,
Illinois
all
miles
in
29"0,oo
mllM
:
APtIL
THE CHRONICLE
11, 18S1.]
CONSTRUCTION.
94-'>0.'>.->0 2.5
the
ChliiiKo
nurlliiKton
& Qulnoy
Rallmud, ftiid nriinehCH In town:
For Limit and Rlsht of Way
For Now Side Tracks
Interest on debt
46,306,44103
owned by
the C. B,
RR. Co
A
Add
$284,034 80 $7,000,460 92
$314,158 15
for:
tntere«t and Exnhnnge
Net receipts of H. A St. J.
33,50350
RK. Land Department
24,615 14
$374,370 88
of which have been paid
Dividends on Stock
Out
$.336,00824
Surplus for the year
11.58144
$7,404,61907
O.
I,oavtng Net Earnings
»ll,448 77
130 07
On thp Bitrllnjrton * MlsRourl River Rallroml In Nebraska and Branotaec
^127,926 93
For Nrw Hide ITackH
47,984 5'J
For Land and liiifht of Way
17.).320 r>4
For Niiw Bulldin«:9 and Water Works
34,144 70
For Now Fcnpiw
10,'2(ii» 50
For Kido Briiitfr
2,875 80
For Nebraska City Bridge
72,769 00
For Now Track, Houtli Omaha to Bellovuo.
1«,.'S30
85
For Now Vladuots, Omaha and Denver
10.312 09
For Now Teloitraph Linos
12
44,202
For Bolt Lino. Grand Island
14,843 07
For Bolt Lino. Llnooln
For Now Shops, Ilavolock
^^'J'Z?
27,143 41
For Miscellaneous Construction
$48,212 64
amounts paid for Interest and Dividends,
the Chicago Burlington & Quincy Railroad Company receive<l
heltl by it $281,034 90. and for divion
.securities
for intert'Ht
Out
of the above
dends on stocks §320,004 61, whicli are included in the item
" Dividends and Interest on the Securities of Controlled
Roads ' in thi.'i Report.
The total debt or all these properties outstanding, not owned
by the Chicago Burlington & Quincy Railroad Company, December 31, 1890, was $16,858,000.
The net earnings during the
first half of the year were all
could reasonably expect, considering the low rates, but the
injury by drought to the com crop of 1890 in Iowa, Nebraska
and Kansas caused a falling off during the last half of the
year, so that, taking the year as a whole, we have not quite
earned the five per cent dividend. So large a part of the
country served by our company's lines depends upon the com
crop that anjr serious damage to that staple must affect business of all kinds for many months, f But the effect of a bad
crop is temporary our more serious difficulties come from
laws which do not allow us to do business on business princi-
we
674,790 17
$1,142,924 86
On Account of New Lines In 8outh Dakota and Wyoming, as follows
:
Is
673
Brought/orwurd
There hM b«cn expended for Conntnictlon (liirlnir the f'Sar, on th«
CblUMrn Biirllnirtou <& Qiiti ey Ralln)a(I and BrannbiM In 111 DOls:
*U2.58785
For Land and UlKtit or Wny
.-•••
18.274 87
KorNcw BiilUlliiKB
7,805 73
For KiUMiKion iif M»ln KrolghfPraok. Chle.
90
102,034
For Vlnducta, CliloiiKo
For Now IiilcrlcicldiiK SyBtoms and Pneumfttl('.«<l)?iiul»
*l'%i'tQ
3,480 01
For New ToleBrrnpli I.lnnn
140,7m 01
For New Third 'rri>ck,RlYerglde to Hlnwlale
On
:
:
South Dakota.
Island & WyomlnK Central ER.—
Branch, from Edicemont to Deadwood,
$2,233.682 70
complotod to iflU City
Orand
;
In Wyoming.
Grand Island & Northern Wyoming RR.—
From Newcastle Northwest, completed
ples.
644.57231
to Merino
2,898.255 30
$4,041,180 16
for Discount on C. B. A Q. Bonds
purchased for Sinking Funds and can-
Deduct
As was indicated
in the last report, the association formed
it might result in the maintenance
of reasonable rates and the division of traffic among the railroads west of Chicago and St. Louis accomplished little perexperiment
was
haps because the
not tried
long
enough, owing to the early withdrawal of certain imin 1889
with the hope that
;
21,94831
celed
$4,019,231 65
Total Construction
EQUIPMENT.
The cost of Equipment added during the year was
446,755 92
$4,465,987 57
Total Construction and Equipment
There have been added to the Equipment during the year:
56
13 Platform and Coal Cars
Engines
3
Passenger <fe Combination Car.s. 20 Hand Cars
13
Rubble
and
Iron
Cars
24
Cars
Way
1
Baggage,Mailand Express Cars 7 Wrecking Car
The Equipment at the end of the year Is as follows
15
727 Boarding Cars
Engines
Wrecking Cars
9
Passenger and Combination
21,018
377 Box and Cattle Cars
Cars
Platform
and
Coal
Cars
5,767
Mall
and
Express
Bacgage,
5
141 Pile Drivers
(&r8
1,447
6 Hand Cars
Dining Cars"
11 Rubble and Iron Oars
1,077
Officers' and Pay Cars
I
portant
members.
Without
the
possible
to maintain
tation, for reasons which
associated
price of
action
railroad
it
is
im-
transpor-
have been frequently pointed
out and are well understood. The law prohibits pooling, the
most convenient, if not the only effective, form of associated
action, and it remains to be seen whether any substitute can
be found to check the tendency to unreasonably low prices
which always prevails with independent
action. The cost of
railroad transportation to the producer of it, the railroad comof
the
fixed
pany, is made up first
and constant expenses,
such as interest upon the debts, taxes and certain of the expenses of management and operation, these constituting about
two-thirds of the total cost; and, second, of the other expenses,
which vary more or less directly as the volume of traffic varies, constituting the remaining one-third.
The commodity,
as transportation may well be called, which is thus produced
376
WayCars
must be sold when and where it is made or not at all. It can
neither be used elsewhere nor stored away for a future mar* One Dining Car was changed into a Baggage, Mail and Express Car.
ket.
The result is obvious. Without joint action, which asGENERAL REMARKS.
sures to each road the sale of at least a portion of its daily
The achial length of road in operation December 31, 1890, product at rates agreed upon, there is necessarily a struggle
was 5,316 miles, against 5,141 miles December 31, 1889, an among the roads, each acting independently and trying
to sell
increase of 75 miles.
what it can. In the contest to sell a commodity the constant
The average number of miles operated by the Chicago Bur- production of which is compulsory, and which must be sold
Quincy Railroad Company in 1890 was 5,160, against then and there or not at all, and two-thirds of the
lington
cost of
4,969 the year before. The gross earnings per mile of road which must be paid whether the commodity
is sold or not, it
operated were $5,378 25 in 1890, against $5,389 07 in 1889. The is inevitable that when there is not traffic enough
for all the
operating expenses, including taxes, per mile in 1890 were price, like
that of any perishable commodity, will tend to go
$3,633 66, against $3,560 18 in 1889. The percentage of oper- down to and sometimes below the cost of
production, because
ating expenses, including taxes, to gross earnings, in 1890, it is better to
go without profit and get back the cost or even
was 67-62, against 66 06 per cent in 1889.
part of the cost, than to lose the opportunity to sell and
The comparisons given show that Jwhile the tons moved back nothing. Associated action is more or less necessaryget
in
one mile have increased 13 93-100 per cent over 1889, all kinds of trade, and it is absolutely essential to the existfreight earnings have increased only 3 58-100 per cent. Pasence of competing railroads, because they are fixtures, and
sengers carried one mile have increased 8 83-100 per cent, can neither
be removed to other places nor used for other purwhile passenger earnings have increased only 3 35-100 per poses. Without some method of effective
co-operation, comcent. Operating expenses have increased 5 85-100 per cent.
peting lines must become bankrupt and in the end consolidated.
The properties controlled by this Company, whose operaLate in the year 1890 a meeting was held in New York by
tions and mileage are not embraced in this lieport, consist of
the representatives of many railroads west of Chicago and St.
1,113* miles of standard-gauge railroad, ana 169 miles of
Louis, to consider the possibility of forming a new association
narrow-guage railroad owned, and 87* miles of standard- for the maintenance of rates and the division of
traffic.
Ungauge leased and operated jointly with other companies.
,
|
I
I
—
&
They earned gross
From Freight
for the year 1890:
$4,567,200 12
From Passengers
1,762,770 40
From Mail, Express and Misoellaneous.. 1,074,648 55
$7,404,619 07
The Operating Expenses and Charges
have been as follows
Operating Expenses
Settlement of old tire claims H.
:
& St. J. RR.
Taxes
Rent of Tracks and Depots
Interest on Bonds not owned by the
iQ. RR. Co
Sinking Funds
$5,114,060
65,000
242,645
208,058
20
00
47
35
C. B.
1,155,677 00
21,00000
$6,804,441 02
* The decrease of three miles in the mileage of standard gauge roads
owned, and of eight milles in that leased, as compared with 1889, is
due to the abandonment of the Otiumwa <S KlrkviJIe RR., a coal roadj
The mines having been worked out, the track has been taken up.
fortunately the roads were not all represented, but nevertheless other meetings have since been held, and in spite of
the refusal of certain important lines to join, an effort is now
being made to improve the situation.
There are signs also of a growing belief, both in and out of
Congress, that the Inter-StateConirnerceLawshouldbearaended. The law was an experiment, and was regarded as such
bv those who made it. With experience its defects are gradually becoming apparent to everybody, and there is good
reason to believe that it is only a question of a short time
when important changes will be made. The law has cost
I We earned during the first six months of 1890. on our entire system,
from the carriage of corn shipped from points on our own lines in Nebraska and Kansas, about $2,250,000, distributed as follows
January
$520,000 April
$294,000
February
246,000
382,000 May
March
247,000
.561,000 June
We cannot expect to earn much from this source during the first halt
of 1891.
THE CHRONK LE
674
[Vol. LII.
region west of
is costing the country, especially the
Chicago and St. Louis, millions of dollars annually, and
danger of init is an illustration and a warning of the
laws
terfering by statute with what are called the natural
human
of trade, which are only the natural laws governing
other
action under certain conditions. A railroad, like any
business venture, is necessarily more or less hazardous, and
those who embark their means in it assume the risk of losmg
a part or the whole of what they invest. Nevertheless a certain amount of capital will seek that form of investment, just
as a certain amount seeks investment in mines, for example,
provided it can have, as an offset to the risk of loss, the chance
of a proUt beyond mere interest upon the cost. All men who
engage in mining, in trade, or in manufacture, expect to make
a profit beyond what they can obtain by lending their capital
at interest on good security. It is a radical and dangerous
error, therefore, to suppose that private capital can in the
long run be induced to engage in business of any kind,
including that of building and operating railroads, on the
understanding that it shall be subject to the risk of loss,
but shall not be permitted, however well placed or successfully managed, to earn more than the ordinary rate of interest.
Ordinary rates of interest can be obtained with little risk of
loss, and when men engage in any business it is because, and
only because, they expect to obtain more, and are therefore
willing to assume the business risk of getting less. Statute
laws which, while they do not lessen this business risk, do
make it practically impossible to earn more than ordinary interest, necessarily injure, and if persisted in must ultimately
destroy, commerce, tor the reason stated, that the natural law
of human action under such conditions, that is to say, the
natural law of trade, is that men will not take commercial
No one, for
risks without the chance of commercial profits.
example, will face the possible losses of bad years without the
right to the possible profits of good ones. No legislative enactment can change this natural law. And when legislation
West, which is considerably higher than the
average return from railroads, and by the fact that few of the
resident
investors
money into railroads,
put their
presumably because they can do better. Resident investors,
small,
find many ways of using
large
or
their money; in farming, banking, trading, manufacturing
and other industries which can be profitably conducted on
a scale making it possible for one individual or a few individuals to provide the necessary means and management.
Oa
the other hand, railroads, requiring large capital, must be
undertaken by corporations, and this field has afforded an
attractive opening for the use of the small savings of large
numbers of individuals residing in the older parts of the
country.
Laws making it impossible to obtain the natural
return bear heavily upon this class, and tend to drive railroad
property into the hands of the larger capitalists, who can
afford to assume risks which those of smaller means are not
justified in taking, thus directly helping to accomplish precisely what the makers of such laws generally wish to prevent.
In the Chicago Burlington & Quincy Railroad Company alone
there are over eleven thousand individual owners or shareholders, with an average of only 67 shares to each.
Of the
total number of shareholders, 6,850 individunls own 25 shares
or less each, and only 244 persons own 5U0 shares or more
each.
Of the whole number of owners of stock, 5,795 are
either women or trustees, and 332 are either guardians,
administrators, religious and benevolent societies, schools, or
driving capital cut of business will be rapid.
During the last eighty or ninety years probably nothing has
tries, and to attract population, it is not possible that the
largest of manufacturers and traders, the railroads, which
done so much to stimulate progress and promote the well-bping
make and sell transportation, should for any great length of
time be singled out for oppressive legislation, because such a
course is not only directly opposed to the material interests of
the community, but it is at the same time an act of the great-
and
interest in the
colleges.
There are upwards of eight thousand millions of dollars of
accumulated property in the railroads of the United States,
giving employment and support to millions of men, women
and children, and that the public can find it for its interest to
long maintain laws which make that property, or any considerable part of it, unnecessarily and unnaturally hazardous
and unproductive, would seem impossible. In a community
which is trying to build up business of all kinds, and where
goes so far as to increase the business risk, besides making it cities and towns are competing with each other by the payimpossible to earn more than ordinary interest, the process of ment of bonuses to promote manufacturing and trading indus-
the general recognition of the economic principle that trade should be let alone by Government; and
(2) the adoption of the corporate method, which is the democratic and popular method of making small accumulations
useful in business enterprise, and enabling small capitalists to
compete with t&e larger ones.
But the very fact that the
State has been able by law to provide the machinery for
giving practical effect to the corporate idea |has no doubt
tended to create the mistaken impression that the State
can therefore wisely go further, and control corporations
engaged in business by artificial regulations and limitations
opposed to those natural laws of human action which, it is
now universally admitted, govern individuals engaged in business.
Considering, however, that a corporation is merely a
number of individuals acting together, each and all subject
to the natural laws governing human action, it is plain that
legislation which influences individual action will also influence corix)rate action.
Food, clothing, shelter, transportation, are among the first
necessaries of life; and the cheaper these necessaries and
others can be obtained the better for the community, with
the proviso that it is not for the good of the community to
attempt, by law or otherwise, to make any useful product of
human labor, skill, or capital so cheap that men will no longer
of society as
(J)
desire to produce
and men
to those who have invested their means in railroad property as well as to those who have become experienced
est injustice
in the railroad service and depend upon railroad
for the support of themselves and.their families.
employment
For further details relating to the affairs of the Company,
reference is made to the reports of the Treasurer and Land
Commissioner.
By order of the Board of Directors,
CHARLES
E.
PERKINS,
President.
New Bonds and
Stocks Authorized or Offered.— The followis a list of new issues of securities now offered for sale, or
soon to be offered
Akron & Chicago Junction ER.— $1,500,000 let mort. 5 p. o. gold
bonds, due 19a0, are ottered for subscription by Messrs. Vormilye
Co. Full ;)articul,Trs rezarding the issue and terms of subscription
ing
:
are given in our advertising columns.
AtJSTiN, Minn.— New waterworks bonds are authorized.
Afpleton, Wis.—$100,000 improvement bonds are offered.
Bexar Co., Texas.— $300,000 ten and twenty-j-ear
per cent bonds
for county jail and court house are authorized.
Brooklyn, N. Y.— $i,000,000 3^ per cent tax certificates, due in three
years; $17.5,000 I^i^ per cent certificates of Indebtedness, due Jan.
1,1892. Bids will be received till April 21 by Theo. F. Jacksou,
will only desire to produce
the natural return.
Therefore, both
reason and experience have led t> the conclusion that on
Comptroller.
the whole prices will adjust themselves better and make Cincinnati, Ohio.— $500,000 viaduct bonds and $50,000 park-improve
living cheaper if let alone than if thev are interfered
bonds are authorized.
ment
with
by Government. There is nothing in the price of rail- Columbus, Ohio.— $30,000 hay-market bonds are anthorlzed.
HUNTSVILLE, Ala —$20,000 water bonds are ottered.
road transpottation which should make it an exception
On LouisviLLK New Aluany & Chicago RR.— 14.000 shares of new stock
the contrary, it is rather more sensitive than most
are ofi'ered at par to stockholders of record on April 15.
prices to
Lucas Co., Ohio.— $60,000 armory 50-year 4's per cent bonds, redeemthe natural law of supply and demand, because so
large a
able in 30 years. Bids wm be received by Chas. A. Vordtriede,
part of the cost of it to the producer is fixed and
constant
Auditor of County,
Ohio, till April 20.
and it cannot be stored for future use. Railroad transporta- Mahoning Co., Ohio.—Toledo.
$100,000 bridge bonds are authorized.
tion Ls a commodity created by private capital for
Madison Co., Montana.— $100,000 5hi per cent bonds, due in 20 years.
sale and
redeemable in ten yeais, "to be applied to present bonded and
reasonable prices for it are such as tend to encourage
trade in
floating debt," Bids will be received by " Board of Commissioners
U; that IS, the creation and sale of it by private capital
of Madison Coimty," Virginia City, Montana, till Hav 4.
and
the purchase of it by the pubUc. To encourage
Minneapolis, Minn.— $25,000 hospital bonds are authorized.
its creation
North Yakima. Wasu.—$6(),000 sewer bonds are to be issuedand sale prices must be profitable to the railroads, and
to en- Salem, Oi!i:gon —$20,000 funding bonds are offered.
courage purchases prices musi be profitable to the
public
South Denver, C>l.— $200,000 bonds are offered.
eral y
Such reasonable prices will prevail only where een Syracuse, N. Y,— $1,000,000
city water-works three per cent bonds,
thev
are left to natural adjustment, and no different
due In 1S20; denomination, $5,000. Bids will be received till April
prices arbitrn
20 byB. W. Roscoe, City Treasurer.
°'- ''^'^ '^
Wichita, Kan.— $30,000 railway aid bonds are offered.
Si'L^r/ei^hiar^^™"''''*"^
it;
when they can have
'-o-b^r^
There
charged
New York Stock Exchange— New Securities Listed.— The
Governing Committee of the New York Stock Exchange
average,
the
return
have listed the following
upon the capital
them IS no greater than the average returninvested in
Chicago Burlington & Quincy RE. Company.— Additional issue of
from the
aggregate of all other investments i^ the
consolidated mortgage 7 per cent bonds, $502,000, making total
same region amount
li.sted $17,500,000.
and If let alone the natural laws of trade will
regulate this rel
IxJcisvii.LE New Albany & Chicago Railway Company.— Additurn from railroad investments as it does
the return from aH tional issue of general mortgage 5 per cent gold bonds, $800,000, maother investments. If the average profits
of any industrv are king total amount listed $2,800,000,
above the average of other profits, the supply
Eio Grande Wi stern Railway Company.—Additional issue of prein proportion to ferred stock, $1,250,000.
the demand w.lT gradually increase and
the price faUwhie
Antonio
Aransas Pass Rah-way Company,— Engraved CenSan
if the average profits are below
that point, the supplv'in nro
tral Trust Company's certificates of deposit for $1,750,000 first
mortgage
per
cent
bonds, making a total of $ 1.473,000 listed.
6
^"' ^'^,"="'y diminishZrt'k?p?[ce
New York Ontario Land Company.— Additional issue of $443.HI rise. That the
ftr.'*"^
average of railroad profits in the
^
per cent gold bonds, and the Committee on i^tock
West
000
first mortgage
hns
been,
point of fact, lower than the average
of other profit List is empowered to list from time to time the balance of $(!00.000 of
an the same region is clearly indicated
bonds
when
these
itsliaUhavebeeuofliclally
notlttodthatthe said bonds
by the average rate of
can bo nothing unreasonable in
by railroads, taken as a whole,
the
if
nrioe^,
on
the
:
<fc
Kl^e
m
\%
f
<fc
;
1
(i
arc exchaneed and issued.
1
t
;
APRIL
THE
11, iSBl.j
CIIUONWIJ?.
But the temperature is now milder, and
is not active.
with the general resumption of inland navigation in tlio
North and West (whicli is now near at hand), au improveness
may
be looked for.
Some
FiUDAY, P. M.. April 10, 1891.
as Indicated by our telegraim
from the South to-night, is given below. For the week ending
this evening the total receipts have reachcfl 73.418 bales,
The Movkmejit of the Crop,
Friday Nioht, April 10, 1891.
The whole country experienced severely wintry weather in
the early part of tho week, and it was re|K>rted that tho frosts
had doiie imich injury at the South to early veRetation and
budding fruits. This is adverse to seasonable trade, and busi-
in mercantile affairs
said to have been made
57r)
COTTON.
She ^ommttcml Jiiucs.
COMMERCIAL EPITOME.
ment
.
.
progress
toward the removal of obstacles to
is
the importation of tho products of American swine into
Germany, and negotiations to the same end are going on with
France. Unfavorable crop accounts from Europe, and tho
war-liko aspect given to movements of troops by Russia and
tJermanv, served to stimulate a fresh sjiecnlation for the rise
in food staples, and led to a better export business in wheat,
which, however, soon subsided. The sijeculation in cotton
has been more active, a decline having led to more liberal
buying.
Lard on the spot has been rather quiet, with prices variable, showing at times some irregularity, closing, however,
fairly active and firm at 6-50.<«C-60c. for prime City and 6-90 d
6'95c. for prime Western, with refined for the Continent
quoted at 6 -90® 7 •30c. The speculation in lard for future delivery has been moderately active, but values have in their
fluctuations pretty nearly followed the ^ain markets. To-day
a stronger ojiening was followed by a slight decline.
OAHiX OLOsnto priobs of laro ruTmiER.
Wed. Thur,
Mon. Tuet,
FH.
Sal.
7-05
6-93
6-78
6-85
G-90
0.
6 91
May ddlvorr
7-20
6-93
7-06
701
707
709
Judo ileiivoiy
o.
7-35
7-23
7-22
7-20
715
7 03
July (I'livrry
o.
7-49
7-35
7-18
7-26
7-37
7-34
.0.
Auf^ust delivery
7-32
7'40
7-61
7-47
7-46
7S0
Bcpicuibcr delivery
o.
Pork showed some depression, but recovered, with an active
and general trade, closing steady, and quoted at ?12(a$13 50
for old mess, $13 75tl4 25 for new mess, $11 75@$12 25 for
Beef is in moderate
extra prime and $13{a$15 00 for clear.
demand; extra mess, $7 50® $8; packet, $8 50i5$9; family,
$10@$11 per bbl.; extra India mess. $14@$16 per tierce.
Beef hams firm but quiet at $17 50@S18 per bbl.
Cut meats are dearer, but only a moderate business is in
against 91.109 bales last week and 100,803 bales tho previous
week, making the total receipts since the 1st of Sept., 1890,
6,.S70,5I2 bales, against 6,682,608 bales for the same period o|
1889-90, showing an increase since Sept. 1 , 1800, of 787.904 bales.
Rtuiptt at—
Galveston
ElPaso,
Mon.
Sat.
2,916
TKun.
Wed.
Tuci.
«56
2,536
7,727
1,777
Fri.
1,144
73
73
2,046
1,816
393
475
409
18,218
3,576
1,923
1,347
Jic
411
870
741
709
586
Savannah
2,199
2,598
2,077
2,008
1,174
Bruniin'k, &o
Charleston
1,059
2,420
1,502
2,378
,
New
Orleans...
2,751
3,169
MobUe
Florida
.Vorfolk
West Point...
Boston
Baltimore
12
136
83
918
1.009
1,478
1,506
1,453
129
197
7,293
3,836
130
440
193
783
229
887
801
007
527
251
461
413
201
831
138
916
857
1,516
268
451
324
250
886
204
Phlladclph'a.Ao
Totals this
911
422
128
13.270' 16.926 11.003
week 13.1921
409
171
SO
'
N'wp'tN's.&o
Sew York
0,598
12,579
1,347
8,870
12
PortRoyal,&o
A'llmlugton....
WaSli'gton,i&c
Total.
269
627
1.504
3,281
413
959
8.119 10.903
73.41
we
give the following table showing the
week's total receipts, the total since September 1, 1890, and
the stock to-night, compared with last year.
For comparison
1839-90.
1890-91.
Receipts to
April 10.
Thie
Week.
Uobile
Florida
1890.
2,130
18.218 1,906,864
3,576 274,782
43,183
409
12,579 1,045,604
1,347 177.045
8,870 463,535
8,136
1,225
73
New Orleans.
1,
946,249
23,716
9,598
Salves ton...
El Fa80,&c.
Thit
Week.
Sitice Sep.
Stock.
Siiiee Sep.
1,
1891.
1889.
1890.
828,474
23,212
33,865
3,409
,887,924
244,129
29,858
108,959
13,144
95
238,329
31,072
911,236
161,385
314,906
550
36,845
3,321
progress; closing quoted as follows: Pickled bellies, 6(a63^c.;
56
40
1,110
Bruns., &c.
pickled shoulders, 5cgE5}^c., and hams, 9>^(a9%c.
Smoked Oharleston ..
383
33,017
5,467
Tallow is quiet
shoulders, 6(§6J4'c., and hams, 10J^@llc.
69S
1,833
12
P. Royal, Ac
and easier at 5c. Stearine is quoted at 7%'@8c. in tcs., and Wilmington
5.270
54 132,195
6,825
918 183,014
Butter active at 23@27c. for
oleomargarine firmer at 7°gC.
15
3,740
3,744
Wash'tn.&c
creamery.
Cheese is firmer at ll@123>^c. for State factory, erorfolk
15,401
19,987
950 392,234
7,293 598,452
full cream, for old stock, bat the market closes unsettled.
5,100
911 319,011
3,836 321,851
West Point.
with new cheese arriving.
52
382
88,533
385
55,087
527
NwptN.,&o
Coffee on the spot was more active to-day, at 17J^SI18i^c.
1,504 117,380
2,913 110,331 151,791 137,550
York. ..
New
for No. 7 Rio, and the sales including No. 3 Santos at 20}^c.
67,738
8,00Q
7,700
93,644
428
3,281
but mixed grades were dull and weak. The speculation in Boston
6,856
84,504
8,159
656
413
48,553
Baltimore. ..
Rio for future delivery was depressed early in the week by
11,103
69,358
6,880
3,005
959
43,628
Phil'del'a, &o
the full supply on the spot, but recovered on light receipts
and reduced estimates of future supplies, and to day prices
Totals. .,
73.413 6,370.512 23,570 5,632,608 581,362 322,604
made some advance. The close was steady, with sellers as
In order that comparison may be made with other years, we
follows
ports for six seasons.
April
17-250. July
16-75c. October
15-45o give below the totals at leading
Savannah.
..
1,659
.
:
May
I
|
August
Beptember
16'45c. December
14'U5o
leiOo.
showing for the week a slight net decline.
Raw sugars are firm but quiet at 3}^c. for fair refining Muscovado and 33^c. for standard centrifugal. There was a sale
yesterday of 2,000 tons molasses sugar, 82-deg. test, at 2>'3C.
The speculation for futures was easier under European advices,
and 325 tons sold at 3'66c. for May, closing at 3'60,a3-64c. for
April, 3-64.a3-66c. for May, 3-68.a3-72c. for June, 3'74@3-78c.
for July and 3-76® 8 SOo. for August. Refined sugars have
been active all the week, and "soft" grades arc slightly
dearer; standard crushed is quoted at 5c. and granulated at
4i^e. Molasses firmer, with a cargo sold at 13J^c. for 56 deg. test.
kentucky tobacco has been quieter, with a light and
scattered demand, but prices are steady. Seed leaf also slow,
and sales for the week are only 810 cases, as follows 200
cases 1889 crop, Pennsylvania seed, 12@1.5c.; 100 cases 1889
crop, Pennsylvania Havana. 13'c530c.; 200 cases 1889 crop,
Wisconsin Havana, 7t*12c.
100 cases 1889 crop. State
Havana, 14® 28c.; 60 cases 1889 crop. New England Havana,
10® .50c., and 150 cases sundries, 7(d37c.; also 700 bales
Havana, 70c.®$l 15, .but there is hardly any demand for
June
—
17'15o.
17-OOe.
1
|
:
;
Samatra.
^Refined petroleum is quoted at 7*30c, in bbls., »-20c. in
cases and 4-65c. in bulk
naphtha, 6'25c.
crude petroleum,
6-85c. in bl>ls. and 4-30c. in bulk
crude certificates sold today at 73 i* 74c., closing at tho inside figure. Spirits turpentine is easier at 403^(8*0%'c., and dull.
Rosins are in limited
supply, and firmer, at $1 »5@|1 70 for strained. Hops in demand, showing an upward tendency. Wool has been shaded
a.UttIe', to close out old clips.
On the Metal Exchange, Straits tin has been quiet, but was
more active to-day, with sales of 95 tons at 20- 10c. on the spot
for April and 20c. for May
quoted 2005c. for July. Ingot
copper remains entirely nominal. Domestic lead closes quiet
at 4'30c. The interior iron markets are greatly unsettled by
labor troubles. It is reported that considerable sales of steel
rails have been made at $30.
Bessemer pig iron sold at Pittaburg at $15 75®$15 85, and grey forge at $13 753$14.
;
;
;
;
Receipts
at—
1891.
Qalv'ston.&c
Sew Orleans
Mobile
2,225
8,136
1,225
1,659
4,601
8,123
Charl'at'n.ic
Wllm'gfn,&o
918
Norfolk
W't Point, Ac
7,203
4,363
7,913
1,298
7,627
3,519
1,821
1,110
1,070
8,186
10.874
73,413
23,570
40,107
Savannah.
..
Al' others... .
Tot. this week
SlnceSei»t. 1.
383
69
930
1887.
1888.
1889.
1890.
9,671
18,219
3,576
12,579
8,882
1,225
13,891
1886.
1,21)1
7,938
7,741
11,275
800
310
335
811
2,263
1,821
2,610
1,313
227
239
2,073
2,260
4,398
1,347
5,990
9,179
6,454
1,137
9,625
6,314
3,739
28.504
21.627
56,305
561
6370.512 5632,608 5313.744 5162,104 !5091,818 4954,029
The exports for the week ending this evening reach a total
of 130,321 bales, of which 71,436 were to Great Britain, 1,215
Below are
to France and 47,680 to the rest of the Continent.
the exports for the week, and since September 1, 1890.
Week Ending ArtrU
Exportfd to—
From
10.
Sept. 1, 1S90, to Apr. 10, 1891
Exported to—
Bxvortt
Breat
from—
I
1,^,^1 France
QalTMton
1,932
176
1S.230
Orleani.
Mob. & Pcnc'la
410
New
Bavannah
Branawlck
.
West
Total
,iunt.
Weeic Britain, fiance
S.OSl
8,191
14.118| 00,788
10,381
.
10,881
.
Charleston
Wilmington..
Norfolk
u,833l li.aaa
.
S,219
1,300
1,6U
2,820
10,372
9,188
4.010
Point..
N'portNws.Ac
New
York.
Boston
6.93t
B.oes
Baltimore.
805
SOO
Pldla<lalp-a,&c
Total
Total. 1888-80.
eoo
OTtat
Oonti-
600
8,241
300
Conti„„it_
191,217 8S.108
772,609 304,809
71,387
137.024 37,037
96.030
120,6981 10,330
1.017
•8,632
260.851 11.699
127.602
719
71.121
301.801 32.181
169.178
63.138 U.«9a
18.631
71.126
x,no
17.0S01120.32i;2.631.75»,503.230|1.018.7«»
OT.091
t.iio
20.968' 49.490l2.010.775llBS.88all.118.038
—
.,.
«
'
THE CHRONICLE.
576
s
telegrams to-night also
In addition to above exports, our
shipboard, not
mve us the following amounts of cotton on
figures for
S^r^
We
named.
at the ports
Carey, Yale
use by Messrs.
Galveston
None.
None.
None.
None.
8,600
.. ..
None.
Mobtie
Norfolk
3,800
8,700
8,000
New York
Otber ports
None.
None.
None.
Bavannah
7,639
None.
1,000
8,900
None.
1,500
2,050
3,000
6,605
14.633
8,709
1,100
Total 1891...
52,447
7,705
24,089
Total 1890..
Total 1889..
28.805
34.001
4,759
1.300
18.529
24,787
Leaving
Stock.
Coastwise.
Other
France. Foreign
Britain.
Kew Orleans...
Cijr,
IT'S
Total.
479
29,i'61
5,399
1,500
14,108
2,500
18.400
None.
8.400
11,850
11,000
900
None.
3,100
None.
None.
95,619
11,378
^4
a»
I
ootfi
tOoB
——
81^?t
91a
9 '8
lOiSs
im im
.yib.
Low Middling...
Good
9
9
613,,
613,6
7>4
8>e
8H1
7>4
8l8
8J3
8'8
9>4
91,6
105,8
ll'ie
119,6
Middling Fair
Fair
STAINED.
10»16
»lb.
Low Middling
Middling
She
OOQOOOD
8'l6
81316
9
9ia
9'8
10»8
llig
11»,«
8%
8^
878
6\
6%
758
8
838
7=8
8
838
8%
8%
8'6i8
816,6
83,
816,6
o
oso>_to_
9', 6
106,6
119i»
6^
73,6
81,8
8'l6
73i,
«•"
0-18
938
9'8
1014
,10?
,
I
6%
6%
6%
6%
768
81,8
768
gA.LES
^
9
Con-
port.
sump,
I
«
Saturday Dull
Monday.. 'Easy
Tneeday.. Quiet
Wod'dar [Quiet at ,8 dec.
Tborsday l>uUal rev. quo,
1
i'riday... Quiet
Total.
following comprehensive table:
5
2
^
0003
OOOOOQO
Wit-
w
ooop
5
2
(»»
CO
00 00000
*^ OS
O". 05
00
CO cc
6®;
w
'
OS OS
03 cq_
:^
"
0501
&P:
I
ODX
5
2
~a-j
2
».":
»«';
I
CO
ODOOOOO
M-4
c:C3
l^-
rf.
ODOD
CD op
oboD
fcO
V
o
CXQD
QDCC
CO CD
00 00
00 OB
ocoo
0D<0
t3-J
I
O1OS
CJI
OOX
^
obcc
£
I
cnooooD
rf^co
to
ODQO
5
g
».":
03 00000
©^
I
ODOOCOD
5
2
"^
QOO)
-o-j
lt.CC
QOCCOQO
©«=:
ODXCOD
00000
1
:^
If
OOOOOIX)
ODOD
C£Qp
0000
-j-j
:
^>»:
QDQDOOC
WW
CO
0000
toco
H-O
*"
9P:
XCBCX QOXOX
I
I**
obo
IPO
QDODOOO
OOQOOOO
QOQDOOO
ODCD^ob
OCX
XCC
CO©
XX
y.05
ccco
2
QDCtf"-*^
ij
to
xxox
;
<oo
c
OCD
cox
1
sr
I
^c
I
»oo
2
^
coco
««;
C00DO03
5^
coco
*
66
00
ooooooo
cocooco
OA
00
MM o
xxox xxpx
I
OOXOX CO'XCX
coco
60
>0i-
o
cocooco
Cdts
coco
coco
c«co
MM
66
^
cox
»:
«>
I
COi
1
,
I
ox
06
»>
I
t
cocooco
coco
^
CJIO,
-5c»
"
I
'
8
I
It-
m6°6
X
to
5
2
toco
66
I
»
:
to
cocooco
6>^'='6
o6°6
to
»»*toco
66
.^os
e)S:
I
« 01
:
teto
wo
MCO
I
cocooco
®
cocooco
66°6
-40S
V
5
coco
2
**
00
:
>
:,
O
•«
MH>
1
®r:
X
cocooco
XX M MO O
I
S)
coco
5
^1,:.
2
'
to
cocooco
OSOS
OS
2
^
coco
66
osu
66'=6
2
:
66'^6
I
9%
'
cccooc
air;
cocooco
5
e.";
to
cocooco
66
66='6 66'-'6
wtoto
ll^CO
to
coco
«r:
coco
'
coco
I
QCO
2
o
COCDOCO
cocooco
« <0
15
6l<:
66
&3»S
^01
Oo
06
66
COCO
I
oto
coco
coco
00 00
(o
(t
CO
,1
o
cw
^
CCCD
® «:
I
1
^
2
I
COXOCO
XQ&
xost-''"
eco® CD
OS OS
0033
CDCO
I
9
•'CO
^
•I
CO
CO
66
t^M
I
;
tocc
tvM
00
coco
2
®P:
a
XCDOX
e)i»
toco® CD
I
COCOOCO
xop
QOXOX
ccoo
coco
OSOt
CO 00
01
CO«D
2
h-OW^
^r:
I
COVj
00X000
M•I
'
I
*m'
,
mI
*l
«:
:
oto
«M
OS
6ii«
Si'i"
79,6
838
sit.
112
394
254
157
125
1,042
The Sales and Prices of FuTUKES
0000
«
u
OOQOOQO
I
0006*^00
Th. Pri.
t>u
?9 '*
1
are
I
1
V4^
Spec- Tranul't'n
I-*
"^
CO
SI.-
CO
§?>«
8>»,6
OP SPOT AND TBANBIT.
Jix-
coco
OS
00
1
O
0300
diOi
00 00
da
bSbO
ODOOOQO
I
1018
101a
113e
ll's
ll^'s
Mon Taes Wed
7=8
8'i«
OMft
813,6
93,6
938
1018
101a
1138
Ilia
6l8
5
2
"
QOOD
ob-j
!(>»
coco
6%
SALES.
The total sales of cotton on the snot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
.
»•
I
OOQOOOO
Tb. irn
6%
813,6
93,6
9H
6i8
6»,«
9>lie 911,6
91l8
913,6 101,6 101,6
10 'la 1016,6 1016,6
lll,« ll'ia in,6
613,8
714
''
«
^00
MABKET AND
SPOT IiABK£T
CLOSED.
,
a:
coS.
da
Cno
Frl
e'-ie
7=8
8
838
lUia 11 ';e 11
Bat.
Good Ordinary
Strict Good Ordinary
6%
613:6
71I18
916,6
916,,
lUddling..
6618
mon Xnes Wed
914
97,8
Middling
Good Middling
Strict
613i,
71I16
8I16
87,„
813ig
Sat.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
Btriot
6%
638
6i3ie
71I16
8li«
9'8
lOOg
Wed Th.
jnon Tne*
Sat.
GULF.
so
git
*
.
I
hi®
MO
—
—
Iiow Middling
Strict Low MiddMng...
Middling
Qood Middling
Strict Good Middling.
Middling Fair
Fair
-J
^
^
•
«o-
00 00
m
Good Ordinary.
a
<<
SC
p-.-w
05
264.165
413.446
CD"
C3
00
I
58,439
75.888
6,347
15.800
BJ ft
•o
•
UI,
otopS
oas.s
<S 3
CX)
,10."
T85,743
the
developed on the reports of severely wintry weather at
There were killing frosts in extreme southern latiAlabama for the
tudes, causing ice to form, and snow fell
Ihe
years.
first time in AprU, the report said, in forty
strength of the market from this cause was quite temporary,
however, for it was believed that no serious injury to the
in
prospects for the next crop can be done so early
On Tuesday afternoon and Wednesday
the season.
prices steadily gave way, under weak accounts from
Liverpool and the relatively full crop movement, together with some depression in Southern markets, where
stocks are comparatively large. Yesterday a weak opening
was followed by a stronger market, due to a demand to cover
contracts, stimulated by the comparatively smaller receipts at
Memphis and St. Louis. To-day there was a buoyant opening
on a much stronger report from Liverpool. Prices continued
to improve on a demand to cover contracts, and the close was
firm at about the best figures of the day, with May and August the most active months. The next crop was quite negCotton on the spot began to be more freely offered
lected.
on Tuesday and declined l-16c. on Wednesday, but yesterday
the better grades were advanced J^c.@%c. To-day the marmet was firm at 8 15-16c. for middling uplands.
The total sales for forward delivery for the week are 282 ,700
bales. For immediate delivery the total sales foot up this week
for'export, 1,042 for consumption,
1,042 bales, including
bales
in transit. Of the above
for speculation, and
were to arrive. The following are the oflScial quotations for
each day of the past week April 4 to April 10,
Strict
cn
O*
01
South.
...»lb.
85
•
«»
WW,
M r* >
w^
^.
.
wp
j-fc
00
I
w
.34,315
CD a>
CD
t
;?
11,647
29,858
7.001
139,941
25,426
close
UPIiANDS.
5'Cb
n.St>.
•
WW
market
Ordinary
Btriot Ordinary
Qood Ordinary
S) !C
to p.
CD cc
214,768
19,757
The speculation in cotton for future delivery at this
and
was nearly at a standstill early in the week under review, the
Toward
prices fluctuated within the narrowest limits.
feeling was
of Monday's business, however, a stronger
—
n~
CD
:
On Shipboard, not cleared—for
Great
o
"ft «r^
& Lambert. 21 Beaver
April 10 at-
Oliarleston
GO
add similar
special
N^t York, whichare prepared for our
Street.
[Vol.
Total.
Sales 0)
Futures.
112
394
254
157
125
39.200
42,200
30,400
70,200
52,900
47,800
1,042
282,700
shown by
the
I
I
1
I
I
I
«»
I
I
I
I
I
I
I
I
• iSeiuaes sales
September, 1890, for September, 228,300; SepWm
for No vember,
bei-OoJober, for October, 349,300; September-November
BcptemDer
947,300;
382,70(1; September-December, for December,
for f-ebruary.
January, for January, 2.260,800; September-February,
2,447,600.
1 589,100; Soptember-March, for March,
ThefoUowing exchang_es have been made durm^^^^^
excli. 100 July for Aug.
•09 pd. to eich. 100 June for July. 06 pd. to
•23 pd. to exoU. 100 May for Aug.
•06 pd. to excU. 1,700 July for Aug.
Dd. to exch. 100 May for Aug.
04 pd. to excli. 300 Aug. for Sept. •24
exch. 700 May for June,
•08 pd. to exob. 1,500 Aug. for Dec. •09 pd. to
1,500 Sept. for Jan.
•17 pd. to exch. 1 ,200 May for July. •llpd. to exeh.
•07
exch. 100 April for May.
to
pd.
for
Aug.
June
•15 pd. to exch. 200
•14 pd. to exch. 200 June for Aug.
•09 pd. to exch. 400 May for June.
•06 pd. to exch. 2,400 July for Auk.
excli. 200 Apr. lor May.
m
•05 pd. to
up by caow
The Visible Supply op Cotton to-night, as made
The Continental stocks, as weU aa
is as foUows.
are this week b returns,
those for Great Britain and the afloat
are brought down
and consequently aU the European figures
But to make the totals the complete
to Thursday evening.
the item of exports from,
figures for to-night (Apr. 10), we add
only.
t^United Stat^, including in it the exports of Friday
and telegraph,
—
.
APRIL n,
.
.
IHIi CHRONK'LE.
1891.]
I8!ll.
1H90.
1,200,000 1,119,000
15,000
16.000
boles
stock at Liverpool.
Block at London
Total Oreat Britain stock. 1,216,000 1,164.000
4.000
4.000
Stork ni liaiuburg
168.000 135,000
8101'U at lirtMiKiii
8,000
18.000
Btock at Aiii.itei-dain
300
400
Stock at KoMurilain
5,000
8.000
Stur k at A ut worp
155,000
214.000
Stovk at Hiirro
4,000
7,000
Stuck at Mariteilles
98,000
121.000
Stock at liarcdoua
6,000
10,000
Stuck atOcuoa
5,000
21,000
Btock at Trieste.^
571,400
Total Continental stocks
1889.
18MH.
671,000
13.000
881,000
23,000
884,000
2,200
31.000
17,000
904.000
400
100
700
12.000
133.000
8.000
70,000
10,000
10,000
419,300
288,600
4,000
48.200
30,000
178,000
8.00C
68.000
6.000
6,000
382.300
Total European stocks.. .. 1,787.400 1,583.300 1,172.600 l,28i!.;i00
Indlacottonalloatfor Europe. 215.000 381.000 276.000 205.000
;ti:!,000
230.000 275.000 237,000
Auier.cotftiatloatforEurope.
Ifi.tMIO
28,000
21.000
33.000
Eicypt.Brazil.&catlrforE'rpe
381.362 32-',U04 48U.331 610,!K13
Stock lu Uulled Slates porta..
89.519 115.090 223.1
237.030
Stock lu U.S. interior towns..
13.040
7,24
3.573
1 7,833
United States exporw to-day
U
3.244,625 2,640.996 2,362.064 2,565,551
Total visible supply
Of the above, ibe totals of American and otber descriptions are as lollo wp:
Liverpool stock
Co.itlnemal stocks
950.000
444.000
343.000
5S1.362
23T.030
17,833
bales.
American afloat for Europe...
United 8t;ite3 stock
United States luiorlorstocks..
United States exports to-day.
691.000
184.000
275.000
489,334
115.090
13,040
910,000
346,000
230.000
322.604
89,519
3,573
659.000
214.000
237.000
610.903
223.111
7,240
2,573.225 1,901.696 1,767,464 1,951,254
Total American
gati hutia7i, Brasil,
Liverpool stock
iCe.
250,000
16,000
127.400
245,000
33,000
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, Ac, afloat
Total East India, Ac
239.000
15.000
73,300
384,000
26,000
180.000
13.000
104.600
276,000
21,000
222.000
23,000
118.300
205,000
46,000
671.400 739.300 594.600 614.300
2,573.225 l,9il.696 1,767.461 1,951.251
lotal American
CP~ The imports
into Continental ports
tliis
week have been
63,000 bales.
figures indicate an increase in the cotton in sight
to-night of 603,639 bales as compared with the same date
of 1890, an increase of 882,561 bales as compared with the
corresponding date of 1889 and an increase of 679,071 bales
as compared with 1888.
The above
At the Interior Towns the movement—that is
the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1889-90 is set out in detail in the
—
following statement.
BwrrHwz 5H
o rro
Sd— — Sa.!! »
o
r£^ S » 5
?=
S-3 S
=%B Has
E
—
fip
SSr^ts P » »
I^
'
or
p
A2>riC 10.
W
9
Savannah
8>4
STg
8»g
.
Oharleatoa.
WIlminKton
Norfolk
Boston
co*-lccotcc;»»u.-qsDcoosifrtccrccM--i"«i
O )^ O (C OD CO U 00 &3 VI to C ^ U f^ O CC 0>
coos
loco»-'*'
i^'
8M
8''8
8'9
8t»„
9
9
9
9
9
9
9
Ol*
91a
..
8«8»%
8!^»%
...
811, s
!','»«
d>«
8«8
81ii«
§,"'•
919
Memphis
Louis
Cincinnati
..
8\
9i8
Louisville.
..
9>4
dt.
The
8%
9^
9U
FM.
8>4
8«|
S's
e
oa—
8<>8
8U
8»g
8<^
8'»
8»8
Baltluiore..
8I>8
f*
8»i«
9
9>«
9>«
8<>s
8!>8
8»8
8"8
8%
9k
8"ic
9>8
918
914
closing quotations to-day (Friday) at other important
Southern markets were as foUowa:
8^ Little Rock.. ..
81 MuutKomery
Atlanta
Columbus, Oa.
Columbus, Miss
Eufaula
.
8H)
838
838
818
8«8
8'a
.
Nashville
Enleigh
8>s
Rome
Belma
8>s
Shreveport
Natchez
8%
From the Plantations.—The following table
the actual movement each week from the plantations.
.
Kkceipts
Indicates
The figures
do not include overland receipts n'or Southern
consumption; they are simply a statement of the weekly
tnovemeut from the plantations of that part of the crop which
finally reaches the market through the outports.
RecetpU at the Portt. St'k at Interior Tovmt. Btc'ptt from Plant'nf
Week
Mnditnt—
Mcb.
"
"
e.
...
18
SO
«7
Apr. 8
"
10
1891.
1890.
1889.
1891.
1889.
1890.
81.638
80.026
84.273
51,578
46.500
40.407
63,564 112.579 248.002 190,978 3«6,155
64.735 87,541 215,270 175.649|344.04g
38,547 92.675 105,628 154,159 321.139
41.065 100.803 176.633 128.127 296.153
84,377 94.109 U8.217 119.026 277.116
28.670 73.113 128.779 99.005 256.021
1
The above statement shows:
1.
1890.
1889.
I
1891.
I
Sa.SeS: 37.553 100.43*
33.406
17.857
14.768
26.246
19.294
61.631
81.578
19.081
3,649
20,9691
66.484
eo.7«ft
76.817
76,072
61.821
—That the total receipts from
the plantations since September 1, 1890, are 6,611.923 bales; in
1889-90 were 5,719,169 bales; in 1888-89 were 5,437,148 bales.
2.
That, although the receipts at the outports the past week
were 73,413 bales, the actual movement from plantations was
only 51,331 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
tor the same week were 3,549 bales and for 1889 they were
—
30.969 bales.
Overland Movement for the Week and since Sept. 1.
below a statement showing the overland movement
As the returns reach us
for the week and since September 1.
SAtrroed—
Via St Louis
Via Cairo
Via Hannibal
Via Evansville
Via Louisville
Via Clnciunatl
Via other routes,
p
t^
'-J
r*w
tucnx-i- Koo"/ ootseoec'l:
accoo»oscc>-oror:©: <Dr-«jt-*-^i05pf^
M OL oi o w I— o» *a ce v> v><ct(^o.w<i<i^
13,308
4,186
261
591
2,764
2,041
Ac
1889-90.
1,411
Since
Sept.
1.
513,925
270,213
8-1,772
26,384
188,6.30
163,«98
131,630
24,562 1,382,252
Deduct shipments—
Overland to N. Y., Boston,
b^'tOCob.'bcDCTVrfi.
8»»
8«B
8*8
8»»
Week.
M*o^5piC;^c:o^-'Osoooo-Ja'l*^tc•'^Ol'-^^
aD^^bbbci>'b5<J^tO*— MIOIOO'MOt
cj«
tOC"-QOr-QDSO
8i»„
1890-91.
I-
'tnx 00 AOiO*^
^ lu I— o k; <i
8l»i«
April 10.
10
a —
OCOtOCCtOWW*--400r-CCrf*.XaDW-IODtn
CDtoa^^wi-'
9
Philadelphia
Augusta..
oorroii
Thur:
fcO
;
cow
00
9
Salves ton
New Orleani
Mobile
Wednet.
Tuei.
JTon.
Satur.
M
CO
8^
i-JCOMOri' MO<^CTOO:OS^
WWCO®M
M03(Cr-tooi<lar«^c;): y>u:K*JOi*-o»co
0301
r-OSQDO*
•
QnoTAnom roa MioDLnia
otosnfo
Week eiuling
by telegraph late Friday night it is impossible to enter solargely into detail as in our regular monthly report, but all
This weekly
the principal matters of interest are given.
publication is of course supplementary to the more extended
monthly statements. The results for the week ending April 10
and since Sept. 1 in the last two years are as follows:
H
00
o
E;
577
We give
oocf5sii>;^t«]0<oDooDzs3Pas 9*-
so to cB
-1
.
(jOOTATIONS FOR MlODUNO COTTON AT OTHKR Ma&KKTS.—
Below we give oloeing quotations of iniddUn> cotton at Southem and Other priocipal cotton markets for ea< b da7 of the week t
••
3,244,625 2,640.996 2,362,064 2,565,554
Total visible supply
liSud.
6'8d.
5 -Bd.
5» ,.d.
Price Mid. Upl., Liverpool....
lOtao.
Sl'ieC.
lln-O9%c.
Price Mid. Upl., New York....
—
.
.
«Dwbco'/ Osb-^
Ac.
Week.
11,741
596
53
95
769
3,617
742
Since
Sept.
1.
494,183
296,728
58,422
20.368
112.214
201,381
154,405
17,643 1,337,701
6,157
1,113
2,263
303,211
105,624
85,964
7,037
Between interior towns
Ac, from South
11
331,931
52,657
1,048
102,l-i9
Total to be deducted
9,563
494,799
8,096
486,717
14,999
887,153
9,547
850,984
Inland,
rf*CCOl-'0iC5i«k010>0»OO»*^0»J"-J(0OO
b
CO
i£)
'
Cji'ik
Leaving
M
m"
OxCOtO*
5DC0MM»: OlOOl-i;
-i^iFkCOif^'
lOCR
-•
tollk
10
COtt)
M
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 14,999 bales, against 9,547 bales for the sameweek in 1890, and that for the season to date the agsrega'te net
overland exhibits an excess over a year ago of 36,469 bales.
Including
OSCitfrrCMOCO
OtCDi(^UtC:>M^1tO
cH
total net overland*.
|ii
t-*
3
COrO^3Jtt>'WC0IO-.l<)^C;iC0aMWCfl'<ICO
— *-^CO»Orffc©QD*fc^l*-^pS<Uci ^OOCO^k
^—
Voto»bbbuob©*ybb^w>-*boyo
«o — xcoooioccctoMH'i^h-'rfi.v'CCoai'i
M 01 cc M -J ti a» H :c ci X w a c OS <>^ a c
aoocovutCiM'
1890-91.
In Sight and
CD!
O
tOlOM«>.
M
O tOIOCb *3MJ5C0
o^ioooro. aiwioi->cooO)iCkC;iwcoN-o
;
>OU
O^fcO
bi
if^
O VI
WCCif^COtf
CD
S?1
I"
«
|QD
a
s 00
a c^^3>:
o o* o
I
ic c: 10
*fc
•
-J
•
Co:
-J
• LmiiihvIIU' iiirurHs
c
^
X
••
c;"
m
...
10
tcI^Mioo v^j^toV" bbo'co-jx^co
ffiO|dj~_^M o -D w-coiooi-'i«a-r—
umi "
i.tHii
M
.
yearu.
Last year's flsuriis are for Griftln.
This year's flgurcs estimated.
2,500 hale-i deducted from stock for bnmed cotton.
The atxjve totals show that the old Interior stocks havO
dtereased during the week 30,900 bales, and are to-night ]17,5tl
bales more than at the same period last year. The receipts at
the same towns have been 8,377 bales more than the same
week last vear. and since Sept. 1 the receipts at all the towns
are 491.117 bales more than for the same time in 1889-90.
I
;
Week.
Sinee
Sept.
1.
OSOOOOUiOiO'ViiFk'toaf^Ol
CO
*»
1889-90.
Spinttert'
Takings.
Receipts at ports to April 10
Net overland to April 10
Bouthem consumption to Apr. 10
Total marketed
Interior stocks in excess
Came
into night during week.
Total in sight
AprU 10
73,113 6.370,512
14.999 837.4.>3
10,000 429.000
•'««*•
Sept.
1.
23,570 5,632,60»
9,547i 850,984
8,0001 396,000
98.412 7.686.965 41,117:6,879,592
•22,092 241,411 •20,02lj
86.561
76,320
7,928',37n
21,0961
|6,966.163
1,708,493
Il,641,01»
}
Uorth'n spinners tak'gs to Apr.lO
* Loss in stock during week.
It wHI be seen by the above that there has come into sight
during the week 76,320 bales, against 31,096 bales for the
same week of 1890, and that the increase in amount
to-night, as compared with last year, is 962,223 bales.
in sight
.
THE CHRONICLE.
578
Wkather Reports by Telbora.ph.—Telegraphic
advices
to U8 to-night indicate that in the early part of the week
under review the temperature was quite low in the greater
part of the South harming fruit and vegetables. Latterly the
weather has been warmer. On the whole the conditions have
been favorable to farm work which is progressing well. The
rainfall
has been light as a rule and in Texas moisture
is
needed.
Oalveston, Texas.— The weather has been dry all the week.
The thermometer has averaged 60, the highest being 73 and
lowest 49.
Palestine, Texas. There has been one shower during the
week, but more rain is needed. The precipitation reached
thirty-two hundredths of an inch. The thermometer has
—
ranging from 36 to 80.
Huntsville, Texas. We have had dry weather all the week
and rain is needed. The thermometer has ranged from 88 to
80, averaging 59.
Dallas, Texas. Rain is generally needed. Com is coming
averaged
58,
—
—
well and cotton planting is progressing. The small grain
crops look promising. The recent unseasonably cold weather
up
has done no harm except to fruit. Everything is promising
except that we need rain, of which there has been only six
hundredths of an inch during the week. Average temperature
54, highest 78, lowest 30.
San Antonio, Texas. W« need rain, but not badly. There
has been one shower during the week, to the extent of five
hundredths of an inch.
The thermometer has averaged 61,
the highest being 82 and the lowest 40.
Luling, Texas.—There has been no rain all the week.
All
young crops look promising, but need rain. The thermometer
has averaged 60, ranging from 41 to 80.
Columbia, Texas. Telegram not received.
Ouero, Te-ras. Com and cotton are doing well, but are beginning to need rain, of which none has fallen during tne
week. Average thermometer 60, highest 81 lowest 41.
Brenham, Texas. —The weather has been dry all the week.
Com is planted and seeding of cotton has begun. We are beginning to need rain badly. The thermometer has averaged
60, the highest being 83 and the lowest 39.
Belton, Texas.— We have had no rain all the week. Some
is needed.
The thermometer has averaged 57, ranging from
34 to 79.
Weatherford, Texas.— Ratin is needed. The thermometer
has ran ed from 38 to 75, averaging 52.
New Orleans, Louisiana. —There has been no rain all the
week. Avei age hermom- ter 58.
Shreveport, Louisiana. —Rain has fallen on two days of the
week, to the extent of two hundredths of an inch. The thermometer has averaged 57, the highest being 80 and the low-
—
—
—
>
est 36.
the lowest 37.
Savannah, Georgia.— The weather has been clear and pleasall the week.
The thermometer has averaged 54, ranging
from 34 to 74.
Augusta, Oeorgia.— The weather has been clear and pleasant all the week. The thermometer has ranged from 81 to 79
ant
averaging
— We
—
Apr. 9, '91. Apr. 10, '90.
New Orleans
.Vashville
Shreveport
Vickahurg
54.
highest 73. lowest 35.
Tear Great
Brit'n,
Oontinent.
55,
highest 77 and lowest 33
rOlTH TEABS.
Continent.
1.
Receipt*.
This
Week.
Total.
Since
Jan.
1.
466.000 70.000 1,038.000
704.000 79.000 1,024,000
714.000 67.000 1,007.000
410,0O0l68,000 728,000
According to the foregoing, Bombay appears to show
decrease compared with last year in the week's receipts of
9,000 bales and a decrease in shipments of 43.000 hales, and
Che shipments since January 1 show a decrease of 238,000 bales.
The movement at Calcutta, Madras, and other India ports for
lihe last reported week and since the 1st of January, for two
years, has been as follows.
"Other ports" cover Ceylon,
niticorin. Kurrachee and Coconada.
a,
Shipments for the week.
areat
Britain.
Continent.
Calcutta1891
1,000
3,000
1890
Shipmetits smee
Total.
January
1,
Oreat
Britain.
Continent.
16.000
20,000
31,000
48,000
47,000
63,000
3,000
5,000
1,000
4,000
4,000
9,000
13.000
13,000
10.000
14.000
23.000
27,000
32.000
38.000
42.000
66.000
74,000
104.000
1,000
3,000
Uadras1891
1890
others—
1891
1890
Total.
aU-
1891
1890
1,000
3,000
1,000
3.000
The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1891, and for the corresponding
periods of the two previous years, are as follows:
BIPOBTS TO KHBOPE FBOM ALL INDIA.
1891.
1890.
1889.
Shimttents
to all
Europe
This
week.
Jan.
22.000
1,000
23.000
from—
Bombay
All Other ports.
Total
Since
This
week.
Jan.
466.000
74.000
65.000
3,000
540,000
68,000
1.
This
week.
Jan. 1
704.000
104.000
68,000
4,000
714.000
106.000
808.000
72.000
820.006
—Through
arrange-
/Since
ALEXANDRIA RECEIPTS AND SHIPMENTS.
1.
Since
&
we have made with Messrs. Da vies, Benachi Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for' the past week and for the
corresponding week of the previous two years.
ments
Alexanrtria, Egypt,
April
8.
Exports (bales)—
Average thermometer
Oreat
Britain
Total.
^^^'^'s precipitation has been thirtvfl£*l"^'^^'i'.^"'^-~'^.*'^
five
hundredths of an inch on one day
The thermometer
"mometer nas
hL
averaeed .50. ranging from 30 to 73.
^'«''«'?«--There has been no rain all the week
Th'l'Ju'*''"The
thermometer has ranged from 30 to 67, averag
0^48 5
„5^"^";,^'"-"^«-Jhe weather has been to^dfring the
fLf ^° A°° ^°^ ""l^^" ""P« ^^^» been somewhat infured
frost.
48-0
1891 6.000 16.000' 22,000 32.000 414.000
1890 25.0(K) 40,000 65.000 72.000 532.000
1889 21 000 47,000 68,0. 206.000 503.000
1888 10,oOO 35,000,45,000 107.000l303.000
low^tTl
L
13-8
35-5
17-7
27-6
47-5
lo'o
15-3
Shipments since Jan.
this week.
Receipts (can tars')
This week
Since Sept. 1.
by
Feet.
15-5
33-6
BOHBAT BBCBIPTS AND SHIPMENTS FOB
Shipments
^J^°^*a'>"'^'^'flabam<,.-lt has been showery on one day
°'
^^^^ '*>« ^''^ther has been splendid^
tL^Tl^^^'
l**!,
precipitation reached
seven hundredths of an inch
The
^^^''^^^ 56. the highest being 80 and the
ThP
The
Feet.
Nom.—Reports are made in teet and tenths.
India Cotton Movement from all Ports.— The receiplB
and shipments of cotton at Bombay have been as follows for
the week and vear. bringing the figures down to April 9.
Total
mometer
Above low-water martt.
Above low-water mark.
Above low-water mark.
Above low-water mark
Abovo low-watpr mark.
Memphis
Leland. Mississippi.— The weather has been dry all the
week.
The thermometer has ranged from 33 to 74, avera"°
ing 52.6.
Little Rock, Arkansas.— It has rained lightly on two
days
of the week, the rainfall reachmg seventeen hundredths of
an inch. The weather is now clear and pleasant. Average
thermometer 53, highest 76. lowest 30.
Selena, Arkansas.— Rsiin has fallea on one day of the week
to the extent of sixty-seven hundredths of an inch. The
weather has been warm the latter par"; of the week The
thermometer has averaged 53, the highest being 74 and the
lowest 30.
Memphis. Tennessee.— We have had rain on two days during
the week, the rainfall reaching forty-five hundredths
of an
inch. It was coH during the early part of the week,
with ice
on Saturda/ morning, but the weather is now clear
warm. Corn planting has progr ssed well, and ploughing and
for
cotton is active. ThT river is eight tenths of a f wt
above the
danger line and rising. The thermometer here has
averaged
^
64, ranging from 33
'
'
53.
Charleston, South Carolina.— There has been no rain all the
week. Average thermometer 54. highest 71,*lowe8t 38.
Stateburg, bouth Carolina.
have had rain on one day
of the week, the rainfall reaching fifty-seven hundredths of
an inch. The thermometer has averaged 51, the highest being
*
69 and the lowest 83-5.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock April 9, 1891 and April 10, 1890.
All
inch
ihe thermometer has ranged from 31 to 77.
averaging 46
Mobile, Alabama.— The weather is fine and
planting makes
good progress. It has rained on two days of
the wee? the
rainfa 1 reaching two hundredths of an inch.
Ave7a4 tner-"^vera^e
ther!
LII,
Columbus, Oeorgia.— It has rained on one day during the
week to the extent of twenty-five hundredths of an inch.
The thermometer has averaged 55, the highest being 75 and
Columbus, Mississippi.— We have had no rain during the
week.
The thermometer has averaged 50, ranging rrom 33
to 78.
Nashville, Tennesnee.— There has been rain on
two davs of
the week, the rainfall reaching five hundredths
of an
L'^OL,
To Liverpool
To Continent
Total Europe
*
A
cantar
is
1890-91.
1889-90.
1888-89.
34.000
3.917.000
10.000
3.103.000
5.000
2,702.000
This
Since
week. Sept. I.
This
Since
week. Sept. 1.
Since
This
week. Sept. 1.
2.000 259.000
7.000 178,000
2.000 243.000
7.000 137.000
3,000213.000
9.000 437,000
9.000 380.000
7.000 345.000
4.000j 132,000
98 Dounds.
This statement shows that the receipts for the week ending
April 8 were 34,000 cantars and the shipments to all Europe
9,000 bales.
I
.
April
:
Manchester Market.—Our report receiv«l by oaole to-nlRht
from Mancbester states that the market ia weak for yarns and
yarns aio
and
steady for shirtini^s. Stocks of botli goods
and leave
accumulating. We give the prices for to-day below,
for comparison
thoee tor previous weeks of thU and last year
1890.
1891.
SH
A.
Moh.O
7i>8
13
7!>8
CotVn
Mid. 83* Cop.
TwM.
Vpldt
lb:
Shirtiiiga.
I'tcisl.
B.
a.
d.
d.
8.
«7
«6I1
«B 11
a6\\
511 «6 11
»8
6
«7\
Apr. 3 7!% <i7\
" 10.73e *7^
5
U
«6
A.
A.
CoWn
8>4 lb$.
SMrling:
A.
d.
d.
».
Nominal.
Nominal.
Nominal.
85««8n,„
2 a; 3
4^8
8»i,»8lli - 2 -87 3
I's
4> iJ8»>i»8"ig'e 2 «7 3
4»>i6 8»i(.»8",«
•t«l. 8»i(i«8llif
5 11
5 11
5 11
" 20 7% "7^
" 27|73S tti~\
li'gSft 8'»8Hi.
11
Jute Butts, Bagging, &c.—The market for jute
has ruled steady during the week under review, but
Jftrf
Vpldi
<1.
«1|*
«>«
«>«
«%
BH)
6%
bae-ging
dealings
have bten unimportant. Quotations to-night are 5?^c. for
1^ lbs., 6Mc. for 2 lbs. and 6^c. for standard grades. Manufacturers being well stocked up, there is very little doing in
Prices have been maintained, however, and are
jute butts.
to-night li^c. for paper grades and 154c. for bagging quality.
High Wateb.—The levee on the Stella plantation, two
miles below Longwood, Miss., gave way at midnight, April 3.
The break is not as serious as at first supposed, and it is
expected will be soon closed. On Sunday morning a crevasse
occurred at Gretna, La., flooding about half the populated
portion of the town.
exports of cotton from the Uniteo
8tat«8 the past week, as per latest mail returns, have reached
87,348 bales. So far as the Southern ports are concerned, thea*
re the same exports reported by telegraph and published in
the Cbboniclb la«t Friday. With regard to New York wt
Include the manifests of all vessels cleared up to Thursday.
Shipping
679
THE CHRONICLE.
11. 1891.1
82* Cop.
1
.
.
New8.—The
Total batU'
Kbw York—To Liverpool, per steamers
City of Chicago, 2,174
... Nevada. 1.257. ...Teutonic. 1,535 ...Umbrla,839
To Hull. i.ersteaajerGalil-o. 1.241
Too
5,"05
^•f'^i
8AVARHAII— To Bremen- April 7— Bteami r Hartlnglon, 8,981.
To Bar «lon» - Apnl 9-8teamer a\ I > U. 4,800.
0BAJU.ESTON— To Bremen-April 6- Steamer Mary Annlog, o,oow
Ait 9 -Steaiuer Tnrgarui.
Tout Peiersimilt- April rt- Bark Dob, 2.346.
, ..NORFOLK -To Liverpool— April 6 -Steamer Ramon de LurnnMS, 1,407.
To Bremen-Apill 7-Bte«mrr Brunei. l.HOO.
„ .k
Boston— To Liverpool -March 30—Steamer 3 Koman. 1.688 ...Mafon
Sl-flieamerC.hiinb an. 2..^3l ...April -Steamer Bainarla, 488
April 6 -Steamer .Vlloblgan. 4.2-8.
To Aniwero— April 3 -Stuauer Stelnhoft. 600.
BALTIiioBit rii LIviirp'OTi — Miiroli 28-Steamer Barrowmore, 805....
.
I
April
3— Steamer
CJUMnsniore.
.
To Ilremen-Ai.iU 8 Steamer America, 2,165.
To Hainliur*— .Mareh 28 8ieam«' Golhla, 836.
To Ho. terdam— April 2-Steam. r Urbino.
To Antwerp— April i Steamer ftlalt.-, 450.
PHlLAUKLrULA— To Liverpool— April 7— Steamer Ohio,
Below we give all news received to date of disaatera to
Teesels carrying cotton from United States ports, &c.
.
.
BoBlNQUiiN, Steamer (Span.), before reported ashore on Oorafloke
Beach, has ten teet of water In her h ild. supiwseil to have entered
through tlie gratings and ftand hole. A portl.iii of the cargo has
been (llsob^rgoit. 450 bales of ootum lielug Unde<l on the iieao n.
The maenluery Is In plumb and the chief engineer ihluks th»t It 1
whicb to
all right. The wreekers have had ab ut six hourn In
land tack'e from the wrecking steamer, the sea up t Saturday
I'ne
Borioquen
work
safely.
to
them
high
f..r
belug
too
morning
when It
Is lying easy and half of the force of the sea Is broken
trlkesner.
•
Ootton freights the past week have been as follows:
Aiiur.
JH.
H
H
Uvarpool, steam d.
Do
Wtdnst. Thurt.
riM*.
Jlon.
late dellv'y.d.
—
tlavre, a^
saU
Bremen, ateam
Do
'si'
'3a
iija
27>3*
27i«'
e.
I'm
11.
ss
indirect. e.
.
»ii
"IB
27Jfl*
27
V
27"«-.
27
V
Indirect.. <t.
i3g^Sl^^3l3^^s^^
d. iSf^a'sj iSj^aTjj
Seval, steam
Do
•4
-.
'lamborg, ateam.e.
Do via lndireot.e.
Amif d'm, steam e.
Do
H
«•
^i
Do
d.
sail
'i«'9''»a
I
If,
196 iiaioelon>,8team d.
1««,
18.,
IBt.
asgow. lerxteamcr California, 196
'S4
7
xtef-miT Lydlan Miinarch. 7
.d. '•32»ll64 Hi^S>"(H '3!1®'1(.1 '^ii'3'^h* *8a»"64 '» ^''bI
ienoa,
steam.,
600
To Havre, per steamer La Cliamp^Kne, 600
3t>0
H
Meate, steam... d.
To Biemcn. persteaojers Allt-r, 250 ..Lahn. 50
500 Antwerp, steam d.
To Am-terdam. per steamer Spaarndau), 50i>
S3a»2£4_'M»2e«
%*
To .Viitwerp, perstearuers Aii'llo, 50 ..Westeroland, 1.120 l,17i»
• Per 100 lbs.
6iiO
aledonla. 500..
ToGeroa.per teaiuer- BurgnmliH, 100
250
To Naples, ptr steamers '!al.donla, 150 ...Biirgundia. 100.
liTVBBPOOL. By cable from Liverpool we have the following
Haw OBLBAN8—I'o Liverpool, per sleamerB Callfor.ilan, 2,622
statement of the week's sales, stocks. &c., at that port.
8.30.5
MatihewBedllngion. ^.6-13
..
4,601
To Havr.-, per steamer Oswald, 4,611
11,091
EUle, 3,391.
April 3 April 10
To Bremen, per cteam.-rs D(miiu. 7,700
Mch. 20. Meh. 26
5,200
Te NarVM. per ship Prince Albert, .'•,200
2,712 teles of the week
25.000
37, 000
To Barc-Iona, per steamer Miguel M. PinlUos. 2.71'?
74,000
bales
6,307
1,000
Galveston— To Llv-roool, per stea'oerSomercon, 6,307
3,000
1, 3U0
Of which exporters took....
f'SO
1.000
200
Bavannah—To Norrko'i'lnir, per hark N«j den, 850
9,000
1,
Of whloh speoolators took. .
1,650 tales American
20,000
To St. Petersburg, p-ir btrk Melanesia, 1.650
29, ,000
58,000
7.2.^0
4.U00
4. 000
To Barcelona, p rstrtamer Poo .iKSet, 7,250
6,000
Aotoal export
64,000
72, ,000
To Lisbon, p r bnrk Ant.inlo. 1.175
80,000
^•JZ5 Porwuded
,17!l,0O0
4,993
,000
Charl* 8TON—To Liverpool, per St- araer Bona, 4.998
1,1:^5,000
1,168.
rotal Btoo!:- Estimated
To Bn-men. per steamers J hn Dixon. (2,10«ba'63PxYe8ao)
Of whloh American— Eatlm'd 833,000 869, 000 882,000
1,520
79,000
109, ,000
Seots Greys. 1,520 (also 2,2.<4 bale" ex Yi-ssii).
77,000
..
rotal Import of the week
1.310
69,000
99 ,000
To 8t. PetersOurK. per bark Curry Treflfenberg 1,310
62,000
Of which American
2,794
16i
165,000
WrLMINOTON—To Liverpool, per steamer Ceres, 2,79i
,000
225,000
imonnt afloat
60
205,ono 150.000 130,000
Norfolk— To Havre, per steamer Stag. 50
nt which Amerioan
Wbst Point—To Liverpool, per steamer Bamon de Larrlnaga,
2,982
2,982
\:.
The tone of the Liverpool rnarket for spots and futures each
Hewport News—To Liverpool, per steamer Ramon de Larrlnthe daily closing prices
8t1 lay of the week ending April 10, and
aga. 851
343 of spot cotton, have beeu as follovirs:
,343
To Havre, per steamer
Boston—T.> Llvenmol, oer steamers Cephaloula, 1,048
5,540
Georgian. 2,690 .O toman, l,80i
Saturday Jfonday. Tuesday. Wednes. Tkwrtd'y. Friday,
apot.
120
To Hamburg, p -r sreamers Grimm, 120
1
Yarmoutli.
pHrnteamer
Yariniiu'h,
1
To
Moderate
In buyers'
Market, { In buyers'
Baltimore— To Liverpool, per steamers Alexander Elder, 957
Quiet.
DoU.
demand.
faTor.
tavur.
2,972 i:45 p. M. {
....Leonora. 2.015
287
To Havre, per St* arner Yfsso. 2''7
4''8
41318
4is,e
3.2"'^
4>'l8
<ld.Opl'da.
413i4
To Br-im-n. per steamer Karl-Tuhe. 3.208
413i«
269
To Rott- rdaui, per steamer [nil xible, 269
8,000
8.000
6,000
6,000
5,000
7,000
'lales
490.
490
Fhiladklphia—To Liverpool, per steamer British Prince,
1,500
To London, per
(
—
4peo.
rhe particulars of these shipments, arranged in our usua
form, are aa follows:
Hull
Liver-
Hew
pool,
York.
N. Orleans.
Galvesion.
fiavannah
5,505
8,S05
6,i07
01
Spain
Bremen
Tarit Ham- Russia, nnd
it
IS-
goto.
1,447
,
Havre, burp.
600
Charleston.
4,9'>8
WUuilnKt'n
Norfolk ..
West Point
2,'*
News
Boston
Baltimore
Fhlladelp'a
rfc
It'ilu.
mouth.
Tolal.
300 1,670
850
10,872
5,200
2,712
31.-0.*
2,566 8',425
1,310
10 9^5
4,601 11,091
6.307
.
N'p't
600
Aexp.
500
500
500
500
87,248
Total
94
2.982
851
....
1,520
56
".'.'."."
2,794
50
2.9S2
1,194
343
5,.'<40
287
2,972
7,-'28
120
3,208
Market,
4 P.M.
....
Basy at
l.«4 da-
Qnlet at
partially
ollne.
1.64 dec.
Qolst.
Steady at
partially
1-61
adv.
Qnlet and
Barely
steady.
steady.
Ssay at
1.H4 (38-64
decline.
Quiet.
6,736
1 87.248
5,88118,239 10,949 11,987
Below we add the clearances this Wdek of vessels carry <ng
.ootton from United States ports, bringing our data down to
the latest dales:
Galveston— To Liverpool -April 8 --Steamer Queen, 3,932,
To Havre -April 6— st«amer HIghlan 1 Prli.oe, 175.
To Bremen - A^rll 7— Steamer Amethyst, 3,0S4.
2fBW Orleans To LiveriH)ol— April 3 -8i«ia n«r Yuoatan. 4,982 ...
Aoill 4-8teamer< Editor. 3,.')5l); Sir Garnet WoWelev, 4.212;
Khallf, 4.252
Apnl 6— Steamers Corona, 4,846; Hugo, 4,947
April 7 Steamer Red Sea, ri.6rt2.
To Grimsby Apt 11 ;< - St. aiuer Kingdom. 5.463.
To Havrn - .\orii 4 -Ste-mer .Markoiuaunla, 440.
To HumburK-ApiU 4— 8r«amer M .rkomminia. 1.451.
To Antwrrp-Apr 16 -Steamer St.irm King, 5.100.
.
-
To Genoa -April 4 -Steamer Indian
Piluoe, 3,637.
partially
1.64 adv.
Very
steady.
Sat., Apr. 4.
Men.. Apr. 6.
Op«l Hl»» Low. CUa.
Opoit B((ih Low.j Clot,
Tnee.< Apr. 7.
490
1,447
—
Steady at
Quiet.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
btninof Uplands, Low Middlini; clause, unless ottierwise stated ;
py* The prices are given in pence and OUh. Thus: 4 63 means
4 6^64d., and 5 01 means 5 1-6 Id.
6,«'>1
269
490
Total.... 40.741
futures.
Market,
1:45 P. M.
a.
il.
AprU
Apnl.May..
May-Jane...
Jane-July...
July-Aug...
August.
...
d.
448 418 448
4 48 4 18 148
i5.1 463 458
167 4 67 4 67
4 01 4 61 461
4 63 IBS 463
AuK.-Sept.. 4 82
8ept..Oct... 4 82
j
4e:S
4 62
d.
4 48
448
463
4 57
4 61
463
4 42
463 4 62 463
Oot.-NOT.... 4A2 162 4 62 4 62
Nov.-Dec... 4A1 162 4 61 462
Deo.-Jan.... 4A2 16.1 4 62 4 61
Jan..Feb...
600 5 01 600 6 01
d.
a.
147 448
4 47 413
462 4 62
456 4 67
460 4 61
4 62 463
162 4 62
162 463
4 61
4 61
4 62
4 62
4 62
4 63
600 6 01
d.
d.
447
4 48
148
162 4 52
4 47
4 58
4 60
4 62
4 82
1
1
1
4 67
4 61
1 63
4 82
162 483
4 81 462
4 61 162
462 463
500 6 01
Open
£fi»li
d.
d.
148 4 49
148 4 4l>
463 468
4 67 458
181 482
600 600
483 600
483 488
482 483
462 4M
488 483
6 01
Lov. Clo:
d.
41S
418
468
d.
4 49
4 57
419
463
458
4 81
4 68
500
483
483
488
482
600
600
483
483
483
5 01 8 01
483
4 82
5 01
—
-.
..
THE CHRONICLE.
580
Apr. 10.
FrI.,
Open Hioh Low- Clot
d.
d.
d.
d.
4 47
4 47
4 51
4 55
4 59
4 62
4 62
4 48
417
4 48
4 48
4 62
4 57
4 47
4 51
4 65
4 59
4 62
448
4«2
4 62
4 62
4 62
4 61
4 63
4 62
4 62
61 4 62
61
61
61
62
5 00
4
4
4
4
4 61
i
4 61
4 61
4 62
6 01
4 62
6 00
4 52
4 57
4 61
4 63
4 61
4 62
5 01
BREADSTUFF S.
FRIDAT, April 10, 1891.
The markets for flour and meal have been more active on
several days in the past week; better prices have at times been
paid; no uniform advance took place, however, and at the
close there is little call for change in the quotations of last
Low grales and the products of spring wheat
Friday.
showed the most strength, as they were in comparitively
reaction in grain yesterday, the
whole market turned weaker. Today the market was firmer
and fairly active for wheat flour, and we make some advances
n our quotations.
The wheat market has varied sharply in prices for future
With the
small suoply.
delivery, showing at all times a feverishly unsettled tone,
and much uncertainty prevailing respecting the truth of va-
rious assertions that were put forth with the purpose of affect-
ing values. On Wednesday news from the Continent was
war-like, but on Thursday a contradiction. Crop reports
from Europe were not favorable to a full yield, but were
much better from the Northwest. There has been more buying for export, but reports of larger operations for this account
are not fully confirmed. Yesterday the market weakened,
under bf tt^r crop accounts from ne»rly all directions, and the
contradi<'tion of the war-like rumors that were curretit on
Wednesday. To-day the market for futures was variable,
and closed irregular. Crop accounts were favorable, and
weakened distant deliveries, but active buying for export
strengthened early deliveries. The business for export
amounted to 256,000 bushels, mostly on private terms, but
included No. 2 red winter, to arrive, at |1 17, and No. 2
Milwaukee, to arrive at Buffalo, $1 ^i%o., c. f. i.
OAiLT oLosnia PBioas of ho. z bbu wiiitbb wheat.
Hon.
113
111%
IK'-'s
112
lOS'^g
IO8I4
loaia
10278
104!%
109%
Wed.
II5I4
11278
iiO'a
10538
106 ifi
10=. "4
104%
105%
10413
lORifl
107 >«
1091a
llOH
8ai.
May
delivery
June delivery
July delivery
Auijust delivery
September delivery
Deoxmber delivery
May '92, delivery
o.
lisis
o.
o.
o.
o.
0.
10414
103%
10519
Titei.
II4J4
Thur$.
Fri.
11378
llSifl
IIII4
10933
May delivery
Titr:
74>4
72T8
^ifg
eO's
71''a
Jime delivery
0.
0.
TJH
July delivery
0.
713b
73%
7078
Tkw s.
Wen.
74ie
7339
71i«
70i8
72
71
when nt-eded and an entire ab.»enc6 of damatre from freezing.
Brown and bare hpc ts are Feldom met with, growth and color hel g
The Hes-lan fly, wulch was fear d in December
re"'arkrfbl.v uniform
coverinir
in the Central West, is yet In abe\ am e, 1 u- the pi esene- of the pest is
no ed in manv localities, and serious injury mght folow a onid the
early nei son p'l re favorable to Its develo[iment. The g. nernl avi rage
of condition Is the highest repc ted for Aniil sinfo 1882, and Ihe individual state averages are remarka' le for their urlloimity. I is 16
high
points higher 'han Lint year and 3 above the return- for 1-89.
Ai ril condition doe" not la^u^e a 'aige yield, but ii indicates a strei gih
and vitaliti which would ennhle the plant to withstand more than the
The neaiest apnroaoi to the
ordin-ry vicisi'ltudes of the saaon.
present conditlc n during recent years was in 1884, when the larrest
high c ndition in 1886
harviated,
but
similar
a
crop ever grown was
was followed by a crop of little more than avera e propoitiors. The
principal
are:
New Yoik 92; Pennstates
aver»ges of condition in the
sylvania, 97; Tennesfee. 98; Kentucky, 97; Ohio, 98; Mo higan, 93;
Imilana, 99; lUlLOis, 97, Missouri, 96; Kansas, i9; CalilorLla, 99;
Oregon 97.
The returns make the peroentases of losses among farm animals
durlne ihe past year: Of horses, 17; catt e, 3; sheep. 4. and swine.
toik, and
8. Horses receive better care than any other class if
The percentage of loss of cattle Is
annnal losses vary but lit'le.
fllghtly higher than was reported in 1888 and 1889. Ihe s-arcity of
feed swelling th9 figures. In portions of Kansas ai d Nebraska the
l.iBses of sheep have been smaller than u«nal, on account of the better
caie and attentloc, while less disease than usn 1 Is reported among
swine, though there is heavy loss in the regions of last year's cropfailures.
A
The movement of breadscutfs to market is indicated in the
itatement below, prepared by us from the figures of the New
?ork Produce Exchange. We first give the receipts at Westam lake and river ports, arranged so as to present the com
parative movement for the week ending April 4, 1891, and
dnoe Aueust 1. for each of the last thr«e voarn•
StMipti Ot-
7068
Hon.
Tmm.
ftPVi
5912
59
59
58is
58%
59%
5»H
Sat.
May delivery
0.
c.
0.
June delivery
July delivery
SS's
Wed.
59'8
5938
58%
Thuri.
5958
m.
fiflOs
59
59i2
58ifl
58?
Barley remains firm, but trade has lapsed into dulness. Rye
is flrm but very quiet.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly
below
BorKy
Oatt.
88,51)3
217 178
651,548
777.150
55,535
104.650
13,340
41,000
.
Tot.wk.W.
teme <rk.'go.
tama wk.'89
Unet Auo.
1880-81
1888-80
IflRs-.vig.
2,834
182 882
181,545
1.690.118
1..107.838
1,104.602
1,321.S63
284.827
47338
4,878.011
338. 13i
148,431
1,108,805
1,010,850
852,146
327.350
55,853
18,432
7,654.184
8.228,141
8 625.2:i6
86 828 870
B4.764 744 65.529 670
95.879,388 124.747,340 59.970 653
84.877.349
.67.889.042
73,445,117
23.081
22.180.001
23.114.741
28.008
nareland.
10.324
8.465
272.315
138.8X1
4t.Irfral«.....
Paorla
46,200
2,550
1,408
5.07iS
.
Bu. s« I^J
118324
25 863
381.058
580.180
73.854
87,243
41,383
186.560
15.000
.
satroit..
Bin.
B<uK*K'
Bueh.Stth
ittiouro
6,821
112.301
4,408
600
34 .5«
28.065
38,548
33.880
85.435
27,9
1.282,352
17
2.3.733
4,850
3,850
13.2'
128,OU-
1.
8M
3,630.272
4.754,474
4.152.556
Below are the rail shipments of flour and gram from
Western lake and river oorts for four years:
Oats have been wit hout feature of moment. The close today wan moderately active at some improvement on yesterday's figures.
DAILT OLOSnO PBIOB8 OF HO. 2 MIXBD OA1 f.
Corn.
UUwankee..
Oalnth
Polado
Fri
733,
7i5a
Wlieat.
rfcmr.
Bblt.lSMVh, BiMh.flfl(l» Bu»)l.8«'h
109 ><
105
104 la
Indian corn has not varied widely, yet was
The spot market has refl^cted only a local demand
to supply urgent needs. To-day there was a slightly firmer
market, with the speculation more active, but the regular
trade still dull.
DAILT OLOSntO PBIOBS OF HO. 2 MIXBD OOBM.
Mon.
favor ble <<ver the whole Winter wheat area: the soil was cenerally
easily workei, the feed bed prepired with unusual care, and powIdb. was
followed bygentierai'S siiBident t'> properly pack 1 he earih and insure
prompt anil perfect germination. On poctions of the A'ianilcai d GuU
coasts th*i time of feeding" as somewhat prolonped by orcHSionl rains,,
hut the d^-lay wap not ferious, a'd the desired area was planted ano In
§>od growth by the advent of Winter. Suitable " eatntr and soil oonitlons enabled the farmers of the Ohio Valley Sta'es to put in a full
oi'cuoiatau es
breadth
under entirely favorable
and jroper
combinations of sunshine and mois'ure, whi^ h continued until
cold
weathT sent the plant Into Wintir quitters with
In port! 'US of Kansas ard
steady growth and Kood color.
Nebraska the prolonged drought of 1 st summer extended into Ihe
period of free'ilng, in erfeiing eomewhat and rendering germination
slow. But iea»onable weather durine the late fall and early winter
was mfflcieDC to otfstt the riisartvanta^e of a late start. The entire
season was favorable in California, while In Oregon a dry seed bed received moisture In time to secure good though late growth. The
weather was generally mild over the whole area, and while
comparatively lisht
it
came when most
the snowfall was
needed, protecting tt'e plant duri g the coldest wea her The Ohio
Valley and Tra.isMissisi'ippi S'ates were espeoiali.T favored, growth
in many seoticna co' tinulug throughout the winter w th sufficient
\U^
settled.
Bat.
Agricultckal Department Report.— The report of the
Department of Agriculture showing the condition of Winter
wheat on April 10 was issued to-day as follows:
Thn April returns to thR Dftpartment of ARrioulture make the ODndition of WintT wheat **6.9 and of rye 9 5.4. The se»t-ou for seeding was
tftnneapolis.
106
10.^»e
109
108=8
feverishly un-
[Vol. ui.
1891.
Weak
Avril
Plour
bhls.
Wheat
bush.
Cora
Total
W*'le
April
6.
7.
301,691
226.819
773.017
39;t,9^8
543,801
332,528
572.005
1,088. -158
68,4-12
423.307
2,648,227
1,170,703
22{.e31
43.5 :7
3,203,299
4.508.995
14i.l2i
Rye
Wexie
April
5.
35j».211
1.076,981
1,I39.H94
Oats
Barley
Ap-U
1888.
1889.
1890.
Week
4.
39-i,534
746,511
151,449
2.)7.5i5
39.411
1-2,436
1.5)1.4^5
2.543.053
The exports from the several seaboard ports for the week
ending April 4, 1891, are shown in the annexed statement:
these figures):
xporu
FLOITB.
Fine
«
bbl.
»S 00993 60
459 4 iio
759 4 25
4 009 4 60 „Ftne
4 409 4 «0 Com meal
4 90<>5 35
Western, &o ....
5 209 6 OU
Brandywlne
Superfine
Extra, No. 2
Extra, No. 1
Clean
Patent, winter
»5
City shipping, eitras. 5
Rye flour, superfine.. 4
3
3
i
eiralfrbte
Patent, (pring
2
209$5
2O9 5
508 5
75» 4
60
50
00
00
3 15» 3 40
« 3 75
OSAIH.
Wlieat—
0.
Sprtnx, per bnsb.. 1 CO
Bed vlnterNo. 2
Bed winter
White
Bye—
.,1
State and Jersey . .
Barley, WeeterD,,....
Oanadlui
leia»l 18
96 9120
.108 91 18
we«tem, per bosh..
Btate
0.
91 23
90
92
77
82
78
95
9 97
9 83
S2
84
Oat8-Mlzed..V bu.
;^'te.-...
£°-2"*5.?'^
No. 2 white
WewYork
Boston.
Portland
.
PUladel
(f.
77 9 80
78I49 79I0
78
77
9
9
,i^8is9
60 9
&*"«•
60%9
80
7a ij
61
65
<iOh
62
Wheal.
Oom.
203.188
83,020
Buth.
68,706
32,691
Wlowr.
BUt.
76.455
50,689
4,142
Oaf.
ButH.
3,086
Montrt-al.
Baltlm're
Com, per bnsb.—
Weet'n mixed
W'nmlx. N0.2
West'n yellow
Weatem white
frrnn—
Orl'ns.
News..
Blohm'd
tr.
Tot. week.
Bye.
Buth.
Pea*.
Bm'*.
3,933
1.8 4
33.200
....a.
8i".079
33,527
12,84"i
112,000
85,371
40,000
15>',S71
5-',554
40,752
841
31,538
610,638
374,052
226,258
3,086
420,176 3,301.510
212,214
343,255
22,000
......
38,987
8'me time
1890...
35,549
33,407
The visible supply of grain, comprising the stocks in granar
at the principal ooints of accumulation at lake and seaboard
ports, April 4. 1891:
p
:
.
APRIL
rffE
11, 18U1,]
<
HRUNKXE.
581
inglr dull and are not likely to have bpea improved bv the
Printed fabr.'salta of the auction fale referred to »bo»e.
23.3«5
16.750
422.224 7i0.«75
728,132
curreat
10.000 rics were all quiet, choice styUB being ordered at
»doat....
Do
'22,506
4.<">0
lUOtations, but less desirable makes showinK more or leM
15,6
16.406
AllHUiy
23 404 201.701 weakneM. Woven goods, auch as |(ini(ham(, seersackers,
16.965 131,137
24<».395
BaflUo
94 4-9
190 421
259.762 561,474
6,5-3.'<03
aquiet call, while n«ppel fabrica had
.•
OnioaMo
1.156 chambr/«y», etc., had
6,178
109.787
193.150
709.292
nfloAt
Dii
319.3JI more attention paid to tlium. The jotibing tratle was auiet
4,74'!
115,787
38'.«7i
Mlivraakee
Print
8,573
2,7 16
"iYi
for calicoes but of fair dimemions for w«h falKios.
4,530,114
Diilatta
"7,7'li
18,706
344.750
0i»5,149
cloths were dull all week, but closed steadier at 3c. flat for
TolMlo
83.050
Do afloat
2,190 130,6 ^6 64x«4'i and 2 9 18c. for 56x6t>'B.
10.965
8.803
20t,S56
Doi.rolt
4fl,5H«
Domestic Woolen Goods. The demanl for men's-wear
Do aflDat
14B.O
es.boo
45.000
week, both *pot-buying
OsweKu'
29,129 woolens was sloiv throughout the
8.330
33'>.746
2ii',7!ii
1,025,5 iS
fll. Loan
duplicating orders being sm<ll. Tne late cold weather
and
150,000
afloat
Do
'38,0<><>
5.000
15.000
6,roo
has so far ch-cked thn distributioa by retailers of spring
Cluulnnatl
12,313
9.339
86,321
73.435
52.634
Beaton.
goods that they are evidently indispose i to move at present,
92.314
51.0S8
110 569
Toronio
7.835 246.3-<2 '25.183
81.471 and jobbers and minufacturers are finding that their early
489 374
Montreal. .......
enganementf made when fall styles were opened -are just
106.458
77.908
Philadelphia
"0,033
30.970 about all they require for current net-ds.
65.942
187.558
As retailers be^in
14,118
Peoria..
2..P00
'0
2.0
98.480
Inillanapnll*.....
to lii(hten their stocks of cloths aid clothing, matters will
620
34
29.111
253.148
Kansas City
25.2'8"i
probably improve for it is quite cle*r that the fresh impetus
88,745
203,911
235,7'«8
Baltimore.
i,4'H
6.-99
5,9f2.8^8
must com" from the extreme end of the distnbut ng line.
&llnn&aiM>Its
44,730
113,015
40, 00
On Mlsslnsippl...
few parcels of heavy woolens and worsteds, uoionsand cotton98,100
30,200
24,900
7,800
On canal .te nver.
warp cas-i meres were recorded from ti ae to time, and agents
4.55.485 1.37 V193
were making fair deliveries of these and low and medium
TnLAor 4-91 22.1S3.910 2.6<il.2i3 2.51.5.337
1
l.«4.2
471.019
!1
2 94-1.010 2.801.9
T.uMSr'2* -Si' 22 74.5613
grades all wool goods, on ace lunt of previous orders. Over'5 79 I 1.176 .J >y
8*5
662
1.3
707
4.504
412
7
8
21
26
90
T t Apr 5
coatings were slow, what little business there was passing
1.141.377
TsliSr 6 -HO 2" 7-9 33 I 16.501.703 7.0.8.6441,515 991 1,556,112
being mostly confined to cloth-faced beaver *nd kersey
Tntiy?: 7,'8l33;53J.420 8.80J,9ol 3.777.491 327.246
styles, and there was but a light call for cloakings, stockinets
* Oawego-Last week'a stooks; thU week's not receive d
Oom,
In nor* al—
Hew York
Oau,
My,
butk.
&tmk,
iuth.
—
.
—
.
;
and Jersey
NBW
YOBK, Friday
P. M.. April 10.
1891.
uninter^-sting char-
Out-of-town jobbers were in lim'tt-d attendance and
very conservative in iheir purchases. The spot denoand was
thus kept down daily and resuittd in a di.-appointii gly smaU
aggregate business on the week. The re order dt-mand, fr>m
wnich a ureat deal was expect^ d this nnonth, has not so far
come nea riy up to expectations, the South still buying very
little and thrt West and other sections of the country doing
nothing more than filling imperative wants. Yet the week
closes with a noticeable improvement in tone, amounting
here and there to cheerfulness. This is largely on account of
the weather. A succession of fine da% s, O' even comparatively
low temperature, has done something to revive the hope that
wasfaotdyiDKOUtof a supplemen'ary s.nng trade suflSciently
Local climati; surroundings
good to relieve the situation.
are not suffioient to bring this about; the change for
the betier must be widespread before trade takes on an encouraging shape. Southern reports are not cheeriuK, but advices from the West tell of fine, cold weathnr, drying roads
acter.
facilities for distribution.
cloths.
Doeskins were in slow duplicating demand for ftn"»r makes,
but low grades of these Kentucky jeans and satinets were
negl'Cted. Flannels were disappointingly dull, and the distribuiion of blankets was largely confin-d to c-rtain specialties.
Dress goods are firm in price, being as a rule compnratively light in stock, with a steady, if moderate, current
demand. Jobberd report the di-tribution o' plain cashmeres
in spring shades quite a feature of the week's business.
—
—
THE DRY GOODS TRADE.
The market during th« week was of an
A
aioek of Print aiotht—
Held bv Provldeaoe manurers
Fall River manutacturers
Outside speculators (est)
Total stock (pieces)
1891.
April i,
1M90.
April b.
39ti.ooO
lai.'XM)
3t)5,000
1889.
April 6.
22.000
5.000
'ii.'<00
None.
12.000
None.
527,000
393.W)0
27,000
—
FoRitiaN Dry Goods. Imported goods were in very mod*
erate request all weak, a id only specialties aopaired to command an average amount of attention. There have been no
changes in pric-s to report, but ttrmaess is not quit-) so pronounced in some directions as hitherto. The auction sale of
4.000 pieces iiuported dress goa Is was the chief event of the
week; stiple lines brou^hc within It per cjot of market
values, but sjme fancy scylM sold from 35 to 33 per cent
below.
even in the
decided advance on
This,
Importations of Orr Gooda.
importations of dry goods at this port for the week
The
late conditions, and its riasulis mty easily be evident in this ending Aprd 9, 1891, and since Jan. 1, and the same facts
market during the next week or two. In the meantime for the corresponding periods of last year are as follows
tht-re is not likely to be any material alteration in prices to
5
S'
Agents hold standard grades of all classes of fabrics
notice.
in desirable styles with steadiness, and are not encumtiered
^—O E
and increasing
absence of spring-time warmth,
is
a
ver.v
r
Outside of these there is the irregulaiity
previously noticed where st cks are heavier than desirable of
slow selling eoois. The jobbing trade has been of an average
"
character and confined to regular store busmess, no " drives
having been offere.1. Two important auction sales were held
yesterday (Tnursiay). One of 1,470 cases of white eoods was
an extreme disappointment to the manufacturers offering the
go ids bidding was poor, prices low and many lota were
with heavy sto
BB
;
SE
I:
8i
3:1:
? I
withdrawn. The other, some
goods, was fairly successful.
DouESTio Ck)TTON GOODS, The exports of cotton goods
from this port for the week ending April 7, were 1,835
—
17,247 28,819
Week.
mnee Jan.
1.
Other Eoropean. ............
China
India
Arabia
Africa
West Indies
Mexico
.
1
to
IF-
0>
10^
From New
25"i
519
203
3,902
m
b
-J
KICD
Vitotoioit.
-a
to
.40
O'.Cif.t0Vt
M
cotowcco
1^
OSOS^-Mi-*
M M QD CO kv
w
19
WO»-tO J«
(X>
122.032
176,076
27.318
142,614
100,393
"J-'M
46,406
64,495 45,485 84.038 54.497
en
>-to
A ^1 *» uo
00
Vi
506
7,866
1,276
2.071
Vjiocn'toVl
MM wcocsto —
i It
l-'OO
M 1-ce
-409
"0
00 CO coca 10
10,511
67,959
5,598 4,745 6,080
WOD^OBOO
«5
^X
*.l
OD
ife
j-te
2,126 1,425
1,076
gcnoocDOQ
3,648.
s
797
at-
ViosoVsV
iF^Oi^tO'^
gpOP-j^O
1,247
5,604
632
51
788
2,235
8,777
485
51
946
1,825
61,149
12,855
1,762
32,416
7.010
74,001
1,835
Enxland aiUl points direct.
1.762
39,456
Total
China, via Vancouver
*
30
505
75
291
SO
... ..............
South America
Total
539
85.2S8
4,210
3,057
b: 8
1,377
42
259
603
Central America...
•
101
i
10
ic-ktioio
00
Week. Since Jan.
1,349
9
'
«tOCOl^CJI
68
10
526
250
IP
w
1890.
1891.
7.
O
I
5
46,066
packages, valued st $115,lo3, their destination being to the
points specified in the table below:
to April
":
:
WW:
^!
:
4,000 pieces of imported dress
Hbw Tokk
'-Kill
:k9.
1,648
9, -'39
The value of the New York exports since January 1 have
been 13,307,862 in 1891. against $1,909,208 in 1800.
The deman 1 for staple cotton goods was slow all week and
no new features were developed. Brown sheetings, standard
and 3-yaril makes, ruled firm, biding mostly under export
Drills,
control, other weights occasion ally favorirg buyers.
wide sheetings, siiesias, fancy cotton linicgs a&d flat-fold
cambrics have been in hand- to mouth request only, while
colored cottons, such as denims, ticks, ctecks, plaids, etc.,
were in uniformly light demand. White goods were excetd-
V
OS
h-yt'-o
— **
OOUQCOC
i^aotOi^
10
M
K
e-.
bs
ww
0« 100(0*4
ic>uxaco
(©toytxi^
1
177,699
18.958 75.477
01
ft*
fco^:)i>oto
01 1^ en OOM
126,340
89.706
OttC
COS<lO'tO
coo
Slotoabi
"IQtOU
«QDOU^»
•'I
— CcVyi
2|
(C
li
M
I
C? 009(0 CO
Vo*.Mb
f
'i's
<Pi
ss
COM
oovsoip
WM
bSM
oaoo^obo
aoQD
QiW-l — »l
to to
csl iecD
tsoo
^..^^.^ds
co*«c^aoi
M j; C -"'*
MOtOOOD
4
THE CHKONTOT.K
582
Union Trust Company
OF NKIV YORK.
go Bioadway, New York.
BOSTON, MASS.
V
BOtM Executor, AdminiMrator,
ADt^rttea
Oisrdlui. BecelTer, or Trustee, and iB
corDoratl<iin. aid
AstsM TniBlee of mortKairas of
rwistry of »tocK8,
a£wxlib\> tran.rer agency andwhich
may be m»de
deposiu,
TiPow. Interest on
five days' notloe,
at any time, and wltharawD on
wth inierest tor the whole time they remain with
of depositors this company
accords ce
«l.ooi>en°currHi.t accounts subject. In
allows Interest
t'thU- ?uie8, to check at slitht, andSuch
checks pass
ba.ances.
"ScJfSeToDTenenoe
JioDtheresnltlnKd-lly
„,„,„„„„«m Of
tnroHKh he riearlnit House, MANAOKMBWI
oP
Attends special y to the
BBaTh ItaTB and to the collection and remit1
taDC« of eutn.
.
*
cnntles pi ce;- In It. cuscollects and remits Income.
safe ke.pin
f .
tody,
' on which It TKU0TUK8
„ „
Wm. Whltewnght,
t'-'*^»''S''?,'lnL'',?*^
""s H, OgUvie,
Ja
n«nr» A Kent.
w
ood
ward,
T,
•'""'e'
I, T.^uVon.
Wm. F. RusseU,
9«i;''**
'^•,'iiJ^''
C. Vannerbllt,
O.D. Wooa.
James N. Piatt.
Tk o Hn.vfi
Wm.
A. A. Lo".
Q. '.I. Will ams,
K. G. Re™»«',
Bdwaid KlnK.
Amasa J.
Al x. Lner.
Charles H. Leland,
Boward
^'
Schell,
...
....
$1,000,00000
Capital
600,00000
surplus,
Tranaacia a General Banking Business.
on daily balances subject to
Allows interest
check.
Agent In Financial Transactions.
Trustee under mortgages. Transfer Agent, Beg-
'""
BOARD OF DIRECTORS.
T. JelTerson Coolldge. Jr., PresMent,
John F. Anderson,
Frederick L. Ames,
Martin Brimmer.
Ge. rge F. Fabyan,
Francis L. Higuinson,
George P. Gardner,
Walter Hanneweil,
Henry 8. H.'we,
George Von L. Meyer.
William P. Mason,
Richard Olney,
not,
Laurrnce
LndUB M. Sargent,
Henry B. Reed.
John I. Waterbury,
Nathaniel Thayer,
Henry C. Weston.
Stephen M. Weld,
T. JEFFERSON COOLIDGE, JR.,
President.
C. S. TUCKERMAN,
Secretary,
J.ihn L. Bremer.
T. JemTS'.n C. olldge,
M
Parker,
gam^iel F. Barker.
i?B. Wes.ey*'
Geo.O MaK.uu.
D.H.MoAlpln,
Bmlea Roosevelt.
George u. cari;«rt,
Ch nneey M. Deeew,
W
Corner of Wall and Nassau
President.
Co.
Trust
Manhattan
KXI« UTlVm COMMITTEE:
G. a wmiams,
Wm. WhltewriKht,
E- B. Wesley.
Edward Schell.
C, D, Wood,
Qeo. C. Ma«oun,
James T Woodward,
D C Hays
KdVvaRD KING
OLD COLONY
TRUST COMPANY.
Sts.,
AllUI'STUS W. KBLLKY.
J. V. B. THA^ KB. Assistant Secretary.
OF NEW YORK,
4-5 and 47 Wall Street.
CAPITAL, AND SURPLUS, - 89.UU0,0«0
Thl. company Is a legal depository for moneys
paid mto court, and is authorised to act as guardian
or trustee.
INTBKBST ALLOWED ON DEPOSITS,
Which may be made at any time and withdrawn
after five days' nuttce. and will be entitled to Interest for the whole time they may remain with the
Ompany.
Kxecntore, administrators, or trustees of estates,
%Qd wuHEN unaccustomed t" the transaction of
lUBlness, as well as religious and benevolent Instlutlons, will nnd this company a convenient deposory for money
_ President.
JOHN A. STEWART,
QKOKGB BLISS, Vice-President.
CLARK, Second
TRVSTEBS:
8.
Vloe-Pres't,
WUson G. Hunt, Jno.H. Rboades, Wm.Rockefeller,
Anson P stokes, Alex. E. Orr,
Daniel D. Lord, Geo. H.Warren, Wm. H. Macy,Jr.,
vv m. U. Sloane,
Bam net Sloan, George Bliss,
G.H.Schwab,
Wm. Llbbey,
James Low,
Wm. W. Phelps. John C. Brown, Frank Lyman,
D. Willis James, Edward Cooper, Geo, F Vletor.
John A. Stewart, W.B'y'dCuttlng, Wm. W. Aster.
OUaton
Ollbert,
BraetusCorulug
uDv^v^i uiuK, Chas.
S.
Smith,
HUNttY L. TtiORNBLL, -eoretary.
LUUIS O. HAMPT< iN Assistant Secretary.
Holland Trust Company.
MO. 7 WALL. STREET.
Capital and stnrplua
NEW YORK.
Sl.oOO.OOO
ALLOCS 1NTKKB8T ON DEPOSITS.
Accepts and executes any legal trusts from persons or corporations, on as favorable terms as other
similar companies.
Acts as Executor, trustee and Guardian, under
wills for the fixed statutory charges also as Registrar, Trustee, Transfer and Financial Agent for
Estates, Cities, Railroads, Towns, and other corporations, and for Real Estate Mortgages with
Coupon Bunds In New Tcrk, Brooklyn and elsewhere. Collects Rents, Coupons and Dividends.
;
TRUSTEES.
Van Allen.
Warner Van Norden,
James B. Van vs oert,
Q. Van Nostran',
garret A.
John
R. i'lunten,
Ben). K. Vo»bu gh,
OBCb 8. stout,
Geo. M. Vau Hoesen.
William Ueoiren.
otm D. Vermeule,
John Vnn Voorhis,
W. W. Van Voornis,
Geo. W. Van Biclen.
C. W. Hutchinson,
Tunis U. Be gen,
Robert B. kousevelt,
Joiham Goonnow,
Augustus Van Wyck,
Daniel A. Heald,
Metropolitan Trust Co.
•
Street,
New York.
Sl.OUO
IIU"
7UI>,0U0
Deslgna'ed as a legal depository by o dcr .it
ourt.
Receive deposits of money on
Supreme
•
Interest, act as fiscal or transfer agent, or trustee
for c.rporatlons, no accept and execute any legal
trusts from persons or corporations, on as favorable terms as o her similar companies.
Thom s UU h..use, Pres. Fred'k D. Tappen, V.-P
C. M. Jesup. 2d V. Pres.
Beverly Chew, Soc'tary,
George D. Coaney, Asslstaot Secretary.
La Salle and Washington Sts.,
8. E. Cor.
CHICAGO, ILLINOIS.
nNDKB State Jurisdiotion and SuPBBvigios
Capital Fully Paid In
Does all business usually done by Trnat
Coinpanles ot good standing.
Acts as Registrar or Transfer axent at
Stocks and Bonds, and as Trus.ee for Rati,
road and other Corporation mortgages.
Investments of Trust Funds and Title theretoare kept separate and apar from the Assets of the
Company.
DIRECTORS
A. C. Bartlett. of Hibbard, Spencer, BartlettACo
J. Harley Bradley. <'f Davlc Bradley Mfg. Co.
H. N. Hlgiiibotham. of Marshall Field & t'o.
Marvin Uughilt. Pres. fhlc. & PJ.irlhwestern BR.ChuB. L, H utchinson. Pres. Corn Exchange Bank.
A. O. Slaughter.
Martin A. R>erson, of Martin Byerson & Co.
A Ibert A. Sprague, of Sprague, W«rner & Co.
Byron L.Smiih.
_ _.
,^
Byron L. Smith, Pres. Chas. L. Hutchinson, V.-P*
Joseph T. Bowen. Cashier.
Trust & Savings
Bank,
Illinois
CHICAOO,
177 and 179 Montague
CAPITAL
Brooklyn, N. Y.
8t.,
Invested in D. 8.
per ents at par.
81,000,0110
IL.L..
CAPITAL AND SU RPL US, - 82.ie0.00»
ENTEREBT ALLOWED ON DEPOSITS.
This Bank
Is
directly
under the Jurisdiction an6
supervision of the State of
Illinois, Is
a
LEGAL
DEPOSITORY for Court Moneys, and is anthorlied.
to act as TRUSTEE, BXBCUTOR, RBCBIVER ai.d
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.
OFFICERS!
John
J. Mitchell. President.
B. Drake, Vice-President.
Wm. H. Mitchell, Second Vice-PresidentWm. H. Reld. Third Vice-President.
B. Oibbs.Cashler. B. M.Chattell.Ass'tOash'r,
John
D1BECTOR8
John B. Drake,
Wm. H. Reld.
:
L. Z. Letter,
Wm. H. Mitchell,
The Brooklyn Trust Co.,
$1,000,000
•
Pays interest on Deposits.
Legal Depository for Court Moneys, Trust Funds
and other De.'oslts, which may he made subject to
check or returnable nt a fixed date.
Acta as Kxecut' .rani I'ruste under will, as Administrator. Guardl in. Trustee, etc
ALLOWS INTEBB8T ON DEPOSITS. BZBCDTE8 TBDST8 OF EVERY DESCRIPTION. James
BEOIBTBAR AND TRANSFER AGENT
John McCalfery,
John
J. Mitchell.
J.c wcMulUn.
G. Hibbard.
D. B. Shlpman.
Wm.
The Nassau Trust Co.
1
01 Broadway, Brooklyn, M. V.
Capital and Barplna exceeding S ,-.{30.000
CAPITAL
This Company allows Interest on Deposits, which
may be made subject to check atsightor returnable
Deposits received subject to chect at sight, and
Inleresi allowed on the resulting daily bala ces.
for time deposits,
CertiflCMtes of deposits i...Bue
on wnioh sped i rates will be all. .wed.
]ii(ere.<t c minences from «aie ol deooslt.
Authorized by law to act s Executor, Adminisrustee, Recelvei\
trator, Commltiee, Gutniian,
Fiscal and Tcausfcr Agent and at Kegisirar of
is a legal depositury for
Stocks and Bono
ai fix d dates.
It Is authorized
ec tor. Trustee,
<
THUSTEB8.
Josiah O. Low,
Alex. M. White.
A. A. Low,
Mich'lChauncey,
Wm. B.Kendall.
Fred. Cromwell. J.J. Plerrepont,
C. M. Pratt.
H'T K. Sheldon. Geo.G.Reynolds.
C. D. Wood.
S. W. Boocock,
Wm. H. Mala.
JohnQibb,
B. F. Enowlton. Abram B. Bayiis G. W. Chnuncey,
John P. Rolfe,
John T.Martin, B.W. MaxweU, CT.Chrlatensen.
THE
WASHINGTON
TRUST COMPANY
.
-
T"
.
.
Vice-Prettdent.
TBVSTEBS:
George L, Pease,
Wm. H. Hall.
John F. Anderson,
p. c. Lonnsbury,
Charles F. Clark,
George B. Hamlin,
Theo. A. Havemeyer,
geth B. Thomas.
Lucius K. Wllmerdlng.
George A. Morrison,
Joseph C. Baldwin,
Waldo Hutohins,
Jr..
E. c.
JOHN
O. F.
TRD8L0^<r,
f
RICHARDSON. Secretary.
TRUSTEES
Joel F. Freeman,
F. W. Wurster,
Dick,
Bernard Peters, Chas. H. Russell,
A. D. Balrd.
Darwin B.James, Wm. E. HorwllI, Edward T.Uuist.
JosephF.Knapi .Inii.McLouunlin,
H.H. Rogers,
Jno. T. Willetti-, A. M. -uydam.
B. B.Tuttle,
John Truslow, John Loughran, Wm.B.Wneelock,
Thos.F.Rowiand.Wm. F.GarnsoD. O. F.Richardson,
Ditmas Jewell. A. D. Wheelook.
Wm.
Knickerbocker Trust
Company,
COR 27TH STREET.
CAPITAL A^D SURPLUS.
CHARLES F. CLARK
Homans.
INTEREST ALLOWED ON DEPOSITS.
This Company la a learal depository tor
Court and Trnat Fund* and la authorized
to do any and all other business usually
done by Trust Companlea of reaponalblllty
court.
take entire charge of securities during absence or oth*TWi e of owner.
Check- on this Company ore payable through the
New York Clearing House.
A. D. WHEELOCK, President.
WiLLIA" DK'K.
I vice.Prest'a
vice-rrest 8.
v\ ill
9'M»,00i}
FRANCIS H. PAGE. Secretan.
L. T. Powell,
;
Trust Funds and f..r moneys paid Into
Loans made ..n apun.ved collator .is.
S300,00U
President.
Joseph F.Knapp,
David M.Morrison,
Henry H. Rogers,
Charles U. Russell,
George H. Prentiss.
Joel K. Freeman,
•
!i34 FIFTH AVE,.
Branch ofBce, 18 Wall
DAVID M. MOBBIBOnI
a**d atandlnc.
J50O.00O
•
special charter to act as ExdmlnlNtrator.tiuardian, receiver
by
or in any other poslti >n of trust.
As executor of estates it secures a s ife, prompt
and advantageous d stribution of the sa e.
It Is a designated depostory for
ourt monies
and acts as Registrar or Transfer Agent of stock
and b nds, und as trustee for railroad or other corporation mortgages.
Executes orders in all clashes of Investment secur t es. Guarantees Letters of Credit Issued to
travelers.
C. T. Christensen, Pres.
Jas Boss Curran, See.
Abram B Bayiis, V.-Pres. Fred'kC.Colton,As8't8oo.
CAPITAL
SURPLUS
Cbas. P. Daly,
'
87 and 39 Wall
J. 1. Waterbury, V.-Pres.
A. T. French, Secretary and Treasurer,
F. O. French, President.
or THB CITY OF NEW YORK.
Stewart BrntDiNa, 380 Broadway.
W. J. Arkell
BOBBBT B. BOOSEVBLT, President.
JOHN D. VBRMKULE,)„,„„
„„.,.,
.
JOHN B. PLANT KW, J Vice-Presidents.
GEO. W. VAN SICLBN, Secretary.
Pald-I p Cuptlal....
Sarplua...^
B. L. Hlgginsou, Boston. T. J. Coolldge. Jr., Bos.
James O. Sheldon, N.Y,
August Belmont, N.T.
A. S. Rosenbaum. N. Y.
B. D. Randolph. N. T.
Bam'l B. Shipley. Phila.
C. C. Baldwin. N. Y.
rhas. F. Tag.N. Y.
B. T. Wilson. N. Y.
Marshall Field. OUoago. J. I. Waterbury, N. Y.
H. O. Northoote, N. Y.
Bx. Norton, N. Y.
<IDatiipautes.
The Northern Trust Co.,
,
.
.
United States Trust Co.
JAMBS
Xtmst
N. T.
81,000,000
BIRBOTOBS:
H. W. Cannon, N. Y.
F. O. French, N. T.
John B Ford.N Y
B.J.Cross, N.r.
CAPITAL.,
Beer- tary.
Ul.
fVOL.
"gwist ©otnpautes.
atrusi oi^onnjautes.
?o?Xe
:
St.
DESIGNATED LEGAL
and S Nassau
St.
81,000,00<K
DEPOSITORY.
-
Acts as Executor or Administrator of Bst'ites,
and as guardian, lecniver, Hewistrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSEND, President.
CHARLES T. Barney, Vice-Presldent.
JOSEPH T. BROWN, ad Vice-President
DIRECTORS!
JOSEPH
HARKY
8.
AlTBBBACH,
B. HOLI-IKS,
Jacob Hayb.
CHARLES T. BARNEY,
A. f OBTKR HIOOINS,
BOBEKTG. KEM8EN,
Hknky W T.Mali,
ANDHEW H. Sands,
Hon. IBA DAVENPORT,
JOHN 8. TILNET,
V. LOBW
H .n. Edward
DIMOCK,
HENRY
F.
JOHN ". ToWNSEND.
CHARLES F. WAT80W,
David h. King, Jr..
FREDKRirK G.(BOURNX,l
Robert Maclay.
JAMES U. Breslin.
WALTER STANTON,
( HABLES U. WELLING,
Gen. GEORGE J. MAGEK, C. LAWRENCE PERKINS,
1. TOWNSEND Burden,
FBED'K. L. eld RIDGE, Secretary.
J.
HENRT TOWNSEND
Assist. Secretarr
@FedFRASER