Full text of Commercial and Financial Chronicle : April 16, 1887, Vol. 44, No. 1138

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I

HUNT’S

MERCHANTS’

%

W

ftBPRES'ENT[NG TH E IN D U S T R IA L

VOL 44

iib lt j

T H E U N IT E D ’ ST ATES

N E W YORK, A P R IL 16, 1887.

86 TRINITY PLACE,
NEW YORK.

Burin cm Founded 1 7 9 5 .
Incorporated under Lews of Stnte of Now Tork, ISM.
Reorganized 1 8 7 9 .
E ngravers an d P rinters of

BO N D S, P O S T A C E & R E V E N U E S T A M P S ,
L E G A L T E N D E R A N D N A T IO N A L B A N K
N O TES of the U N IT E D S T A T E S ; and for
Foreign Governments.

NO. 1,133.

U itmucinl.

ì f t r a n c ia i.

“ A M E R IC A N
Bank N o te C om pany,
TO

§ jU » » iS p a )w ,

A N D C O M M ERCIAL IN TE R E STS O P

Financial.

78

MAGAZINE,1

F. E. Trowbridge,
DIAMONDS.
Alfred H. Smith & C o.,
IM PORTERS,
182 Broadway, Cor. J o in Street.

BANKER AND BROKER,
N oe. 8 4c 5 B r o a d o r 2 9 W a l l S treets.
(B ranch Office, 290 Bro a d w a y .);
Member of the New York Stock Exchange. Di­
rector of Merchants’ Exchange National Bank,
American Savings Bank, American Safe Deposit
Company, ¿to., Ac.
Securities bought and sold on commission, for
oash or on margin. AU Inquiries gratuitously res*
ponded to. Correspondence solicited.

ENGRAVING AND PRINTING,
BAN K NOTES, SH ARE C ER TIFIC AT ES, BONDS
FOR eO VEKN M EN TS AN D CORPORATIONS,
D RAFTS, CHECKS, B IL L S O F EXCH ANG E,
STAM PS, Ac., in the finest and most artistic style
FROM S T E E L P L A T E S ,
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING,
Special papers manufactured exclusively for
use of tbe Company*

S A F E T Y C O LO R S.

8 A FETY PAPERS.

SOLID SILVER.
G O R H A M M ’l ’g C o.,
Broadway and Nineteenth Street,

V iork Executed in Fireproof Buildings.
LITHOGRAPHIC AND TYPE PRINTING.

AND 9 MAIDEN LANE.

R A IL W A Y T IC K E T S O F IM PR O Y ED STYLES.
Show Cards, Labels, Calendars.

BLANK BOOKS O F EVERY DESCRIPTION
JAMES MACDONOUGH, President
A. D. SHEPARD,
)
W. M. SM ILLIE,
VVice-Presidents.
TOURO ROBERTSON, J
___THEO. H. FREELAND, Sec’y and Trees.

Maverick National Bank
BO STON ,
C A P IT A L ,
SU R PLU S,

-

-

MASS.
-

-

$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0

Aoooants of Banks, Bankers and Corporations
soliolted.
Our facilities for COLLECTIONS are excellent
and we re-discount for hanks when balances war­
rant It.
Boston is a reserve city, and balances with us from
banks (not located In other reserve cities) count as a
reserve.
We draw our own exchange on London and the
Continent, and make Cable transfers and place
money by telegraph throughout the United States
and Canada.
Government Bonds bought and sold, and exchanges
in Washington made for banks without extra chargee have a market for prime first-class Investment
Securities, and nvite proposals from States, Conn*
ties and Cities, when issuing bonds.
We do a general banking business, and invite cor­
respondence.

Floyd-Jones & Robison,
B A R K E R S AND B R O K E R S ,
N o . 2 E x c h a n g e C o u rt, N e w Y o r k .
Stocks, Bonds and U. S. Government Securities
Bought and bold on Commission.
Wm. 0. FloYD-Jones,
W illiam Robibon
Members New York Stock Exchange.

J. A . Kohn & C o.,
B A N K E R S AND B R O K E R S ,
(Mills B uilding ), 19 B R O A D N T ., N . Y .
Members o f tbe New York Stock Exchange.
Execute orders ou commission for B onds, S tock «
and F o re ig n Exchange.
D e a le rs in flrst-ciass Investm ent S ecu rities.
Particular attention given to investments for Cap­
italists, Trust Funds and Institutions.

William T . Meredith,
48

W A L L S T R E E T ,
(Bank of New York Building).
Bonds and Stocks bought and sold at the New
York Stock Exchange.
B0ND8 AND INVESTMENT SECURITIES FOB
SALE

A SA P . P O T T E R , P r e s id e n t.
JOS. W . W O R K , C a s h ie r .

w.

P. Wight & Co.,
M B road w ay,
STOCK B R O K E R S .

Ä Ä Ä

onmargiifOUa ^ t i e s b o u g

Alexander Campbell & Co.,
BANKERS AND BROKERS,
IT N A S S A U J 3 T R E E T , N E W

YORK.

Malcolm Campbell . Member of N. Y. stock Exch.

Memb.N.Y.Stock Exch.

STOCK B R O K E R .

Lansdale Boardman,
Y o r k , so b b o a d w a y a 5 n e w s t .
T R O Y , N .Y ., No. 17 FIRST STREET.
Ex«b. membership} private wire,- all fa*Uitle#.

n e w




Rolston & Bass,
No. 20 BROAD STREET, NEW YORK.
STOCKS, RONDS,
A N D M IS C E L L A N E O U S S E C U R I T I E S
Correspondence solicited.
Quotations cheerfully furnished.
„ W m. h . Rolston,
W. A lex . Bass , Jr,
Member N. Y. Stock Exch’ge,

JAMES T . Clo SSON.
JOHN B. DUMONT
H u m a n Cl a r k , Special Partner.

Closson & Dumont,
BANKERS AND BROKERS,
N o . 4 0 W a l l Street, N e w Y o r k .
All stocks and securities dealt In at the New York
Stock Exchange bought and sold on commission, for
cash or on margin. Deposits received and Interest
allowed on balance«._______________________

Cahoone & Wescott,
1 8 W a l l S treet, N e w Y o r k ,
Exeoute Orders In all Seoorltles Listed
NEW YORK STOCK EXCHANGE.
Special Attention given to

on

Government He other Investment Bonds
Correspondence Soliolted

C. J. Turner,
(18 Years’ Membership in the N.Y. Stock Exohange.)
R A N K E R AND R R O K E R ,
16 A 18 BROAD BT„ NEW YORK.
Transacts a general Banking business, Including the
purchase and sale of stocks and bonds for oash or on
margin.

Frederick W . Perry,
(Successor to J. H. LATHAM <fe Co.)
UNITED BANK BUILDING,
N o. 2 W A L L S T R E E T , N E W Y O R K .
Cl’ y, County. Ftat«», Railroad, Distriot o f Colum­
bia Bonds and Foreign Exooange.

James D. Simons,
(Formerly SIMONS A CHEW )
B A N K E R Ac B R O K E R ,
2 E xch an ge C ourt Si 5 2 B r o a d w a y , N. Y .
All Securities dealt In at N. Y. Sio k Exchange
bought and sold lor Cash or on Margin Special ai tention given investments. Correspondence solicited.
Member in. X. stuck Excuaugo.
Meuxuer N. Y. Produce Exchange.
Hiram Dewing . Cl a r k Dewing , f . t . bonteoou
(Member of N. Y. Stock Exch.)

H. Dewing & Son,
B A N K E R S AND

BROKERS,

N o . 18 W a l l S treet, N e w Y o r k .
Stocks and Bonds Bought and Sold on Commission
Particular attention given to Information regard*
tng Investment securities.
Iowa Loan A Trust Co. 0 per cent Debenture«
bought and sold,

THE CHftONICLÊ.

li

[V o l. X m ,

-JBatiktrs and g ro w e rs o f f f or eteu IÇrcïtaufipe.

Drexel, Morgan & C o., Kidder, Peabody & C o.,
WALL STREET, CORNER OF BROAD.
NEW

FOREIGN BANKERS,

YORK.

1 Nassau Street, New York,

Drexel,Harjes &Co

Drexel & Co.,

P A R IS .

DOME8110 A N D FOREIGN BANKERS.
Deposit* received subject to Draft. Securities
liu g s t and sold on commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers.
Circular Letters for Travelers,
available In all parts of the world.
A t t o r n e y s a n d A g e n t s of

I l e t s r t . J . 8 . M O R G A N Sc G O ..
Vo. 22 OLD BROAD STREET, LONDON.

Brown Brothers & C o.,
Philadelphia,

New Y ork,

Boston.

AND

AND ON THE

N A T IO N A L B A N K O F SCO TLA N D ,
EDINBURGH AND BRANCHES;
ALSO,

CABLE TRANSFERS AND LETTERS OF CREDIT.

J

ohn

M

unroe

&

C<».,

J. Kennedy T od & C o.,

John Paton & C o.,

Schulz & Ruckgaber,

Maitland, Phelps & C o.,

ia u s d l a n U a u k o f U o iu u e r c c .
Ca p it a l , $o,ooo,ooo.

Surplus , »1,000,000.

J. H. biOADBY à ALEX. LA1KD,
AGENTS,
18 EXCH AN G E PLAC E, N E W YO R K
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
ISSUES COMMERCIAL CREDITS, AVAILABLE
IN ALL PARTS OF THE WORLD.




C A P IT A L , 8 1 ,0 0 0 ,0 0 0 .
Transacts a general banking business.
Receives accounts of banks, bankers and corpora­
tions upon favorable terms.
Issues certificates of deposit bearing Interest.
Makes loans upon approved merchandise.
Solicits mercantile and personal accounts.
B i l l s o f E x c h a n g e D r a w n o n t h e City
R a n k , L im ite d , L o n d o n .
C ir cu la r L etters o f C redit Issued for
tra v e l'-r s’ use and C om m ercial Credits
opened In E urope, A s i a , South America
and the W est In d ies.

tLeidelbach,

Ickelheimer & Co.,

WILLIAM STREET,
29 W IL L IA M ST R E E T ,
BAN K E R 8.
Cor. Exchange Place,
NEW YORK.
Act as Agents for Banks, Bankers and Railroad
Companies.
FOREION BANKERS.
Issue commercial credits, also foreign and domestlo
travelers' letters of credit in pounds sterling A dollars.
BUY AND DRAW BILLS OF EXCHANGE,
O iler In v e s tm e n t S ecu rities.
MAKE CABLE TRANSFERS, ISSUE TRAVEL­
Buy and sell bonds, stooks and securities in all Am­ ERS’ CREDITS.
erican, Canadian, British and Dutch markets on com­
ISSUE COMMERCIAL CREDITS, AVAILABL1
mission. Collect dividends, coupons and foreign and
IN ALL PART8 OF THE WORLD, ON
inland Drafts.
8ell Bills of Exchange on
MesgrR. C. J. Hambro & Son. London.
M E L V IL L E , EVANS Sc CO., I ,
C. J . H A M B R O A SON,
J LONDON.
O lA R C U A R D , K R A U S S A C « . , t P .
H O T T IN G U E R A C O .,
J P A R IS .
J a n k e r s
a n d
b r o k e r s .

N o . 4 P o e t Office S q u a re , B o s to n .
SUCCESSORS TO
Issue Circular Letters of Credit for Travelers’ Use
JESIJP, P A T O N & CO .,
Abroad against Cash or Satisfactory
Guaranty of Re-payment.
5 2 W i ll i a m S treet, N e w Y o r k .
E x c h a n g e o n L o n d o n , P a r le , B e r lin
Accounts and Agency of Banks, Corporations,
a n d Z u r ic h .
flrmB and individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Cr e d it s opened and Payments Made b y Cable .
Act as agents for corporations in paying coupons
and dividends; also as transfer agents.
P arte H o u s e —M U N R O E A CO.
Bonds, stocks and securities bought and sold on
commission, at the dtock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
DRAW ON
B a N K E K b,
THE UNION BANK OF LONDON,
29 W IL L IA M S T R E E T , N E W YO R K
BRITISH LINEN CO. BANK, LONDON AND
CORRESPONDENTS OP THE
SCOTLAND.
I n te r n a tio n a l B a n k o f L o n d o n
( L im it e d ), L o n d o n .
G eo . Co p p e l l .
Th os. Ma it l a n d .
G e r a l d L. H o y t , Member N. V. Stock Lxch.
M e s s r s . J o h n H e re n b e rg , G o ssle r A C o ,
H a m b u rg ;.
M e s s r s . M a r e u a r d , K r a u s e A G o ., P a rle
Commercial and Travelers’ Credits.
B A N K E R S
Bills •f Exchange.
Cable Transfers.
AND
b a n k e r s
an d
b r o k e r s ,
Members of the New York Stock Exchange.
Dealers in Foreign Exchange , Government
and other I nvestment Bonds.
STERLING LOANS A SPECIALTY.
4 4 R a i l S t. a n d 8 2 G reen e s t . N . Y .
Buy and sell on commission, for Investment or on
margin, all securities dealt In at the New York Stock
Rr^nanga

Produce Exchange Bank.

NO. 68

N o . 8 2 N aseau S treet, N e w Y o r k .

Linger, Smithers &, C o.,

F a ll paid.

August Belmont & C o.,

J. & J. Stuart & C o.,

P A Y N E A S M I T H ’ S,
BANKERS, LONDON,
"M A N C H E S T E R A C O U N T Y R A N K ,
“ LIMITED,”
MANCHESTER. PAYABLE IN LONDON ;
ULSTER
B A N K IN G C O M P A N Y ,
BELFAST, IRELAND;

STREET.

Buys and sells Bills of Exchange, drawing 00
Baring Bros. A Co., London, also on Paris and
Berlin.
Messrs. BARING BROS. & CO., London Acts as Financial Agent in the negotiating and
marketing of Securities. Deals In Bonds—Corpora,
C O M M E R C IA L C R E D IT S .
tion, Railroad, State, Municipal, Ac. Executes orden
on commission In Bonds, Stocks, Ac. Collects interest
and dividends. Receives money on deposit, allow,
C ir c u la r C red its fo r T ra v e le r s .
lng Interest. As desirable Investments offer, will
issue Its Debenture Bonds, secured by Its capital and
------Cable T ransfers and R ills o f E xchange on assets.
G reat Britain and the Continent.
WILLIAM BROCKIETpresident.
_
WHARTON BARKER, Vice-President.
HENRY M. HOYT, J r ., Treasurer.
„
ETHELBEKT WATTS, Secretary
Board o f Directors—William Brockie, George 8,'
BAN KERS,
Pepper, Morton McMichael, Wharton Barker, Henry
C.
Gibson,
T.
Wlstar
Brown, William Potter.
N o . 1 2 P in e Street,
Advisory Committee of Stockholders.—George M
1S§UE TRAVELERS’ CREDITS, available In all Troutman, Gustavus English, Isaac H. Clothier,
part* of the World, through
William Pepper, M. D.. Thomas Dolan, John 0
M essrs. N. M . R oth sch ild Sc Hons, L ondon. Reading, Joseph E. Gillingham, John Wanamaker
Henry E. Smith, Charles B. Wright, Henry Lewis,’
“
do R oth sch ild B ros., P a ris.
M
M . A . de R oth sch ild Sc Hons, F ra n k ­ Cralge Lippincott,Hamilton Disston, Clayton French.
Francis Rawle.
fo rt o \ m .
H. M . do R oth sch ild , E sq., V ienna.
AND THEIR CORRESPONDENTS.
THE NEW YORK
Draw Bill* of Exchange on, and make Cable Trans­
fers to, England, France and Germany.

J. & W . Seligman & Co.

BILLS ,OF EXCHANGE ON

CHESTNUT
C ap ital, 8 2 ,0 0 0 ,0 0 0

ATTORNEYS AND AGENTS OF

A L E X A N D E R R R O W N Sc SONS,
BALTIMORE.
Members o f New York, Philadelphia and Baltimore
Stock Exchanges.
Execute orders fur all investment securities. Buy
and sell Bills of Exchange on Great Britain and
Ireland, France, Germany, Belgium, Holland,
Switserland, Norway, Denmark, Sweden,
Australia, 8t. Thomas, St. Croix and
British West Indies.
I s s u e C o m m e r c ia l Si T r a v e le r s 1 C redits
IN STERLING,
B A N K EBB,
Available In any part of the world, In Francs for
N o. 28 B R O A D S T R E E T ,
use In Martinique and Guadeloupe, and in dollar« for
use ’ n this count ry, Canada, Mexico and West Indies.
N ew Y o r k .
Make telegraphic transfers of money between this
country, Europe and British and Danish West In­ Issue Letters o f Credit fo r Travelers
dies. Make collections o f drafts dr two abroad on all
On SELIGMAN BROTHERS, London.
points In the United States and Canada, and of
SELIGMAN FRERES & CIE. Paris
drafts drawn In the United States on foreign coun­
SELIGMAN & HTETTUE1MER, Frankfurt.
tries.
AL8BBKG, GOLDBERG & CO.. Amsterdam.
Their London house, Messrs. BROWN, SHIPLEY
ALTMAN & STETTHE1MEB, Berlin,
A CO., receive accounts o f American banks, firms
Parable In any part of Europe, Asia, Africa, Aus­
and Individuals upon favorable terms.
tralia anC America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
J. Kennedy T od.
A lexander Ba ring .
8 3 N A SSA U S T R E E T .
H. O. Northcote .
Member N. Y. Stock Exoh’ge
SM IT U ,

I N V E S T M E N T CO.
o f Philadelphia.

118 Devonshire Street, Boston. 3 1 0

Cor. of Btïi A Chestnut Stt. 31 Boulevard Haussmann,
P H I LA D E L P H 1A

THE

COMMISSION
22

Sc 2 4

MERCHANTS,

E x c h a n g e P la c e ,
Ne w Y o r k .

BILLS OF EXCHANGE, LETTERS OF CREDIT,
TELEGRAPHIC TRANSFERS OF MONEY ON
LONDON, PARIS, MEXICO, CUBA, Ac.. Ac.

KOUNTZE

BROTH ERS,

J. C. Walcott & Co.,
BANKERS AND BROKERS,
N o . 2 4 P in e 8 tre e t, N e w Y o r k .

Transact a General Banking Business.
Stocks and Bonds bought and sold on Commission.
Orders received in Mining Stocks, and in Unlisted
Securities. Collections made and loans negotiated.
Dividends and interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty.
We Issue a Financial Report weekly.
Jos. C. W a l c o t t ,
(Members o f the New York
Fr a n k F. D ic k in s o n , )
stock Exchange.

Albert Pearce,
1 6 4c 1 8 R R O A D S T .,
dROKER IN ALL KINDS OF INVESTMENT
BONDS. MISCELLANEOUS SECURITIES
AND DEFAULTED BONDS. ______ CORKK8PONDKNCK SOLICITED______ _
L. C. la t h r o p . Oscar b . Smith , j . H.Oliphant.

Lathrop, Smith & Oliphant,
BANKERS AND BROKERS,
3 7 B R O A D S T ., N EW Y O R K ,
6 P A C IF IC A V E ., CHICAGO.
Members New York Stock Exchange, New York
Cotton Exchange, and Board of Trade Chicago.

BANKERS,
120 B r o a d w a y , Equitable Building, New York
L E T T E R S OP C R E D IT AN D
C IR C U L A R NO TES
issued for the use of travelers in all part* of the
tewart
rown s
ons
world. Bills drawn on the Union Bank of Londor,
Telegraphic transfers made to London and to varioi a
ilaces in the United 8tates. Deposit* received «n -.
STOCK B R O K E R S,
eat to check at sight, and Interest allowed t n bal­
ances. Government ana other bonds and iavasUMUt
6 4 B r o a d w a y 4c 1 9 N o w S t ., N e w Tl^rkt
securities bought and sold oaoimmissionJ

S

i

B

’

S

,

ffi

THE CHKONLCLE.

A pril tt, 188?,

IBattliers aud brokers in gÿetxr tyoxk (flitg.
F. M. Lockwood,

J. heron Crosman

H. L. Horton & Co.,

Taintor & H olt,

5 4 and 56 B R O A D W A Y . New York.
BA RTHOLOMEJV HOUSE, ) LONDON.
BARTHOLOMEW LANE, )

BANKERS,

Lockwood & Crosman,

N o . 11 W a l l S t ., C o r. N e w , N e w Y o r k .

BANKEItS|AND.BROKF.RS,

TRANSACT a GENERAL BANKING business.
Special A tten tion G iven to A m e rica n
N o . 3 1 N e w Street a n d N o . 1 E x c h a n g e
S ecu rities.
DEPOSITS received and INTEREST allowed on
C o u rt, N e w Y o r k .
‘S olicit A c c o u n t s and Orders for the Purchase and balances.
Buy and sell GOVERNMENT, MUNICIPAL and
Sale of Bonds, Shares, Ac., Ac., on Commission, in
Private telegraph wires to Chicago, Boston, Phila­
RAILROAD Securities.
New York, B o s t o n , Chicago, London or Parts.
Private telegraph wires to Providence and Boston delphia and Baltimore.
Interest allowed on deposits subject to drafts at
GILES B. TAINTOR.
GBO. H. HOLT.
We solicit orders for the purchase or sale of any of
G. D. L’HUILIER.
, *Members of the New York and Boston Stock Ex­
the securities of the
changes and of the New York and Chicago Produce
P h ila d e lp h ia dc R e a d in g R R . Co.1
E x ch a n g e s .
_
,
„
.
Private wires to Chicago, St. Paul, Boston, Hart­
on
the
Philadelphia or New York Stook Exchanges.
BANKERS,
ford, B u ffa lo and Utica.______________
N o. 63 C E D A R S T R E E T .

Gilman, Son & C o.,

H. B. Hollins & Co.,
BANKERS,

18 W A L L an d 3 N A S SA U S T R E E T S ,
N E W Y O R K ..
T ransact a G en eral B an kin g Buslneaa.
DEALERS IN GOVERNMENT, MUNICIPAL AND
RAILROAD SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED.
INTEREST ALLOWED ON DAILY BALANCES.

E. L. Oppenheim & Co.,
[ESTABLISHED 1802],

BANKERS AND BROKERS,

51 & 53 New Street and 42 Broadway.
Branch Office, 91 Leonard Street .
Edward L. Oppenhelm.
s.

Walter Del Mar.

M. R o b e r t s .

Pau

l

Schwarz .

Roberts & Schwarz,
(1HILLS B U I L D I N G ,)

Geo

Dickinson & Ailing,

Fred. H. Smith,
BANKER & BROKER,
N o. 3 0 B R O A D S T ., N E W Y O R K .
Twenty rears’ experience In Railroad Bonds. Pai *
ties desiring to buy or sell Unourrent Bonds wl.i
please communicate.
Stocks bought In Fractional Lots or otherwise,
either for Cash or on Margin.
F. II. S m i t h , í Members Consolidated Stock and
S, W, Smith, » Petroleum Exchange. N«w York.
chas . J. Townsend,
Lansing C. Washburn .
Member N.Y. Stock Exchange.
Jno. P. Townsend, Special Partner.

Townsend & Washburn,
BANKERS AND BROKERS,
N o . 6 W a l l S treet, N e w Y o r k .
Stocks and Bonds Bought and Sold on Commission
for cash or on margin.
Special attention given to Unlisted Securities.
Deposits received subject to Check at Sight.
___________ Correspondence Solicited.

Chrystie & Janney,
bankers,

Noe. 3 3 & 3 5 Naaeau S t., N e w Y o r k
Receive deposits subject to check at sight and
allow interest on b i ances.
Deal In Hall Road Bonds, State, County and Muni*
etpai Securities.
Give special attent
to consignments of Bullion
and make liberal advaaces on same when desired.
Walston h . Brown .
Fred , a . Brown .
Herbert P. Brown .

Walston H. Brown & Bros

F IR S T -C L A S S IN V E S T M E N T S ,

Buy and sell oq Commission, for cash or n argir,
BANKERS
AND
B R O K E R S , all securities dealt In at the New York Stock Ex­
change.
N o . 3 0 P in e Street, N e w Y o r k .
Interest allowed on dally balances.
Buy and sell at N. Y. Stock Exchange, for IN­
All deposits subject to check at sight.
VESTMENT or on MARGIN, all classes of Stocks
Particular attention to orders by mall or telegram.
ind Bonds, and allow Interest on deposits, subject to
iheck at sight.
F.C.H oddins. B .H .E merson , I.H.W aggon sR

John H. Davis & C o., Frank C. Hollins & C o.,
BANKERS AND BROKERS,
N o . 1 0 W A L L S T ., N E W Y O R K .
Orders for 8tooks and Bonds executed at all
Exchanges.
Especial attention given to supplying high-class
IN V E S T M E N T S E C U R I T I E S .

BANKERS AND

BROKERS,

Members N. Y. Stook Exchange.
11 W A L L S T R E E T , N E W Y O R K ,
AND
3 4 6 C L A R K STREET. CH IC AGO. I L L .
Ja m e s W h i t e l v
h . C r u d e r Oa k l e y .
Ma y n a r d 0 . E y r e ,

t A > . c J l i b tG tâ à e t.

IN V E S T M E N T S E C U R IT IE S .
We make a specialty of the buying, selling and
placing of first mortgage bonds of railroads, water
works, gas works and other first-class corporations.
We solicit correspondence.

K. Sistare’s Sons,

In addition to a General Banking Business, Buy
1 6 dc 1 8 B r o a d S tree t, N e w Y o r k .
«sd Sell Government Bonds and Investment Securi­ 131 S o u th T h ir d S treet, P h ila d e lp h ia .
ties.___________________________________________ Connected by Private Wire with main office. New
York.
W. H. Dickinson ,
Edw ard P. A dding.
DEALERS IN
Member N. V. Stock Exchange.

cG Co.
N o .

B A N K E R S ,
18 W A L L
S T R E E T ,
N ew Y o rk .

Transact a General Banking Business, Including
the purchase and sale of STOCKS and BONDS for
cash or on margin
B a y a n d S ell In v e s tm e n t S ec u rities.
A. M. Kidder . W aylan d T r a sk . H. J. Morse.
w . C. Hill .

iB o o d ij#
M s ie tia it
&

C o .*

H enry H. Dodge, Washington, D. C.
WM. R. TRA-'f R.% Special Partner.

Prince & Whitely,
No. 64

B R O A H W IY , N E W Y O R K .
J180 Fifth A t .. New York.
Branch Offices, j 63918th st <wash'ngton, D.C.
Buy and sell on commission all classes of Railroad
Securities; also Grain and Provisions.
r rivate telegraph wires to Philedelohla, Wilming­
ton, Baltimore, Washington, Bridgeport, New
Haven, Boston and Pittsburg.

A . Dutenhofer,
BROKER
AND

Dealer in Miscellaneous Securities,
MILLS BUILDING (8d Floor.)
Rooms 35 & 28.
33 W A L L STREET.
STATE AND CITY BONDS OF GEORGIA, ALSO
SECURITIES OF THE CENTRAL RR. A BANKING CO. OF GEORGIA, A SPECIALTY.
Investors wishing to buy or sell are Invited to call
or correspond. Prompt and personal attention given
to all orders._______

B A N K E R S ,
3 S B r o a d w a y , cor. E xchange P la ce , N. Y .
B ranch Office, 3 4 1 La S a lle St., C hicago.
31 PINE STREET, NEW YORK,
TRANSACT A GENERAL BANKING BUSINESS,
INCLUDING THE PURCHASE AND SALE OK
B A N K E R S AND
BROKERS.
STOCKS AND BONDS FOR CASH OR ON MAR­
SUCCESSORS TO
GIN. BUY AND SELL INVESTMENT -‘ K0URITIB8. INTEREST ALLOWED ON DEPOSITS
W O O D Sc D A V IS .
SUBJECT TO CHECK AT 8IGHTExecute orders In all securities Usted at the New
P. 0. Box 447.
fork
Stook
Exchange. For Sale :
D. A. BOODY.
C. W. McLBLLAN.
«'Tnnv.r'T.AHg H a h ROAD FIRST MORTGAGE BONDS.
Reuben Lbland .
GEORGE C. WOOD. O. TT. WUEPTTS. L. M. 8W AN.

W ood, Huestis & C o.,

Douglas & Jones,
7 2 B road w ay,
1 3 N ew S treet.
BANKERS,
(Members of the N. Y. Stock Exchange.)
U N IT E D B A N K
B U IL D IN G ,
Buy and sell Stocks and Bonds for cash or on mar­
gin. Interest allowed on deposits. Correspondence
W a l l S treet, co rn e r B r o a d w a y .
solicited.
STOCKS, BONDS A COMMERCIAL P AP E R .
JOHN F. DOUGLAS,
Of the late firm of Iiawson, Douglas A Co.
Stocks and Bonds bought and sold on commission
WILLARD
JONES,
at New York Stock Exchange. Advances made on Late of W.8.Lawson A Co..H.
Member N.Y Stook Exoh►»UNIR«** futDdPn* and ntbpr
W m. v . carolin .
Charles F. Cox .
Member N.Y. Stock Exchange.

J. L. Robertson,

Carolin & Cox,

BOND AN D ST O C K B R O K E R ,
Dealer in Investment Securities,

B a n k e r« and Comininelon M o ck B r o k e r« ,
NO. 55 BROADWAY,
B A N K E R S.
Office.315 Madison Av.,cor. 42d St.,NewYork.
No. 7 NASSAU STREET,
_lAcc9fi.nt* ofCorporationsand Individuals received Branch
Deposits received subject to check at sight, and in­
Comndsaion Tenns* 8ecurllles Bought and Sold on terest allowed
daily balances. All stocks and secur­
(Continental National Bank Building,)
ities dealt In at the N.Y. 8toe* Exchange bought and
No. 2 0 NASSAU 8 T R E E T ,
sold on commission, for cash or upon margin.
________________ N e w Y o r k .

NEW YORK.

W. H. Goadby & C o.,
BANKERS AND BROKERS,
N o.

24

B R O A D

S T R E E T ,!

N ew Y o r k .




Simon Borg & C o.,

R. J. Kimball & C o.,
[Established In 1866.]

N o . 1 7 N A S S A U S T ., N E W Y O R K ,
D EALERS IN A L L K IN D S OF

BANKERS AND BROKERS,
1 6 dc 1 8 B r o a d S treet, N e w Y o r k ,

Railroad- and Investment Securities. Members of the New York Stock Exchange and of
Southern Securities a Spec ia lt y ,

Robert

the Philadelphia Stock Exchange.
J. ktmuai.t,.
A l f r e d B . L o o n s b s ir r Y»

!▼

THE CHRONICLE.

[T o t X U V .

■.jBanfeg, Eauhers and 13cokers ©ut o f fjem ’Unvfe.
BANKS.

N E W ENGLAND.

Bank o f Buffalo,

Irving A. Evans & Co.

BUFFALO, N. Y .
8 .8 . J e w e t t , Pres.

SOUTHERN.
T H O M A S B R A N C H & CO.,

bankers an d brokers,

W m . C. Co r n w e l l , Cash’r.

N o. 53 S T A T E S T R E E T ,
C a p ita l....8 3 0 0 ,0 0 0 I - u r p l u s ......8 4 8 0 ,0 0 0
This Bank has superior facilities for making Col­
ROSTON.
lections in and out o f the city on the most liberal
terms, and with careful attention to the best inter MEMBERS OF BOSTON, NEW YORK AND
ests of its corri-spondents.
Co r r e s p o n d e n t s :— Importers’ A Traders’ Ns
PHILADELPHIA STOCK EXCHANGES.
ttonai Bank and Chemical National Bank, New York;
Merchants Loan & Trust Co., Chicago; Union Bank S to c k s a n d B o n d s B o u g h t a n d S old
o f London, London.
In a ll M a r k e ts .
J. 8. A l e x a n d e r , Pres. A. A. A l e x a n d e r , Cash’r.

Brewster, Cobb
& Estabrook

Texas National Bank,
8 A N A N T O N IO , T E X A S .
COLLECTIONS AND INVESTMENTS MADE.
Correspondence inyited.
W . T . B l a c k w e l l , Pres*!.

BANKERS,

P, A . W i l e y , Cashier.

The Bank o f Durham,
DURHAn,

N . C .,

Pay Special Attention to Collections.

N o.

35

C O N G R E SS

STREET,

B O STO N .
MEMBERS OF THE NEW Y ORK AND
BOSTON STOCK EXCHANGES.

H. G a r d e s ,
E .P . h i l l ,
R. A. G i r a u d ,
President.
Yice-Pres’t.
Cashier.

Jo s h u a W il b o u r ,
Ch a r l e s H . Sh e l d o n , J r
B s n j a m in a . J a c k s o n , W i l l i a m B i n n e y , J r .

HOUSTON, T E X A S.

BANKERS AND BROKERS,
N o. 53 W E Y B O S S E T S T R E E T ,

J.G . Fletcher, ( STATE BANK. 1C. T. Walker.
President. ( Incorporated 1876. j
Cashier.

Dealen In Commercial Paper. Government and
other first-class Bonda and Securities and Foreign
Kxohange.
Private Telegraph Wire to New York and Boston

First National Bank,
W I L M I N G T O N , N . C.
Collections made on all parts of the United States.

MERCHANTS’ NATIONAL

BANK,

R IC H M O N D , V IR G IN IA .
Collections made on all Southern points on best
terms; prompt returns.
_
„ „
JOHN P. BRANCH, President.
J o h n F. G l e n n , Cash. F r e d . R. Sco tt , Vice-Pres’t

E. W . Clark & C o.,

Rea Bros. & C o.,
BANKERS AND BROKERS,
AND DEALERS IN FOREIGN EXCHANGE,

4 2 5 W o o d Street, P ittsburg, P a,
MEMBERS
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia.
_________ Baltimore and Washington.
P .I T T 8 B U R G ,

PA.

ESTABLISHED 1871.

Whitney & Stephenson,
BANKERS AND BROKERS,
N o. 57 F O U R T H A V E N U E .
Oldest Pittsburg.members N. Y. Stock Exchange




SOUTH

8TR E E T ,

TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.

I f arm

E Q U IT A B L E
M ortgage Company.
$ 6 0 0 ,0 0 0 .

AND

Chas. H. Potter & Co.,

GUARANTEED FARM MORTGAGES.

Investm ent B an kers, C lev elan d , Ohio.
Sp e c i a l t i e s : Town County and City Bonds; Lake
Superior Iron Mining Stocks. “ Republic,” “ Cham­
pion,” “ Clev< land” and “ Jackson.” St r e e t R a i l ­
w a y s —Denver City Street Railway Co., o f Denver,
Col.; Street Railway Co., of Grand Rapids, Minh_[
Metropolitan Street Railway, of Toledo, Ohio,

O F F IC E S !
L R E FE R E N C E S«
New York, 208 Broadway. First Nat. Bk., New York.
Boston, 28 Court St.
Boston Nat. Bk., Boston.
Philadelphia, 112 S.4th St, 7th Nat. Bk, Philadelphia.
Kansas City, 7thA Del.Sts. Am. Nat. Bk.,Kansas City
F o r ra tes ol in terest and fa ll Inform ation
send fo r pam ph let.

ESTABLISHED 1871.

P. F. Keleher & Co.,
OLIVE

STREET,

S T , L O U IS .
Dealers In Western Securities and Local Bonds,
Stocks and prime Commercial Paper,

N. W . Harris &

B A N K E R S AND B R O K E R S ,
No. 437 CHESTNUT STREET,
P H IL A D E L P H IA .
Members of the Philadelphia and New York Stock
Exchanges.
Cable Transfers, Bills o f Exchange and Letters of
Credit.

7

D E B E N T U R E S

BANKERS AND BROKERS,
N o . 3 5 S o u th T h ir d S t., P h ila d e lp h ia .
Railroad, Municipal and other desirable Invest­
ment Securities for sale.
C H IC A G O an d B O STO N .
Transact a general banking business. Allow Inter­
est on deposits.
RflMDQ of Counties, Cities, Ac., of high grade a
Members of the Philadelphia and New York Stock OUI>IUO specialty. Send fo r D ea crlp tiv eL leta .
BichMKcs, and connected by private wire with New

Narr & Gerlach,

No.

C A P IT A L

W ESTERN.

317

P E N N S Y L V A N IA .

Robert Garrett & Sons,

P R O V I D E N C E , R . I.

L IT T L E ROCK) A R K AN SA S.
C a p ital ( P aid In ) - - - - $ 2 0 0 ,0 0 0
Prompt attention given to all business In our line.
N. Y. Correspondents . - I mporters’ & Traders’
national Bank and National Bank of the Republic.
A. K. Wa l k e r , Cashier.

BANKERS AND BROKERS,
(Members o f Baltimore 8tock Exchange),
B A L T IM O R E .
speclait!8)™ ENT an<1 SOUTHERN SECURITIES a
Correspondence solicited and informatl n fnr.
manea.
N. Y. Correspondents—McKim Brothers A do.

B A L T IM O R E ,

Commercial National Bank, Wilbour, Jackson & C o.,

» . ic. BUKKD88. Pres’t.

Wilson, Colston & Co.,

BANKERS,

D ealers In M u n ic ip a l, S ta te, R a ilr o a d
a n d U n ite d S tates R o n d s .

German National Bank,

B A L T IM O R E .

ALSO,

FIR8T-CLASS FACILITIES.
Hew York Correspondents.—The National Park Bank
and Seventh Ward National Bank.

Capital,
. . . . .
.
8 4 0 0 ,0 0 0
Collections receive onr special attention and are
promptly remitted for.

BANKERS AND COMMISSION MERCHANTS
R IC H M O N D , V IR G IN IA .
„Circulars and Information on funding the debts of
Virginia and North Carolina free of cost: one-eighth
per cent charged for funding. Southern Railroad
and State and City Bonds bought and sold.

Co.,

SOUTHERN.
ATLANTA.

Humphreys Castleman,
BROKER AND DEALER IN ALT, KINDS OF
SECURITIES.
Bonds and Stocks bought or sold on commission!
Georgia and Alabama Securities specially dealt In.
Correspondents; Tobey A Kirk and A. Dutenhofer.
New York.
Ref erences; Atlanta National Bank, Atlanta. Ga.
and k ourth National Bank, New York.

C. W . Branch & C o.,
BANKERS AND BROKERS,
8 t a t e Ba n k b u i l d i n g

R IC H M O N D , VA.
Private wires connecting with Washington, Balt',
more, Philadelphia and New York
New York correspondents, Prlnoe A Whltely

A. L. Hartridge,
S A V A N N A H , G A .,
SECURITY
BROKER.
Buys and sells on commission all olasses of Stocks
ana üonas.
Negotiates loans on marketable securities.
JNewYurk Quotations fumixhdd .by private ticker
•very fifteen minutest

Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts of mort­
gages, Interest 6 p er cent to
7 p er cent, principal and inter­
est absolutely guaranteed. Se­
curities for guaranty held by the
American Loan A Trust Com­
MINNEAPOLIS. pany, of Boston, Mass.
Send for circulars to
Paid-Up Capital,
NEUER A CAnPEN TER,
8 4 0 0 ,0 0 0 .
B a n k e rs , T ro y , N. Y .
Authoris’d Capital
Eastern Managers for Comnany
8 4 ,0 0 0 .0 0 0 .

NORTHWESTERN
GUARANTY
LOAN CO.,

Eight per cent net to Invest­
L O A N CO. o f ors.
N > losses. Interest col­
free of charge to lender,
A L A B A M A , lected
Kirs mortgage on improved
farm
property
in finest agri­
S elm a, A la . cultural districts
In Alabama,

worth three times amount of
Legislative author­ loan.
ity to negotiate loans. Sole Alabama correspond­
ents of several European larm
companies.
R, M. NELSON, loan
Individuals or Trustees de­
President.
siring to make safe loans,
address
the company for par­
W. R. NELSON,
V.- P. A Gen.Man’ger. ticulars
ticuuu» and
»uu references.
reinrouue».
Reier by permission to' Geo. S. Coe, President, and
Dumont Clarke. Cashier, American Exch .nge Na­
tional Bank, New York ; Logan C. Murray, P, esident
United States National Bans, New Yoik.

7 %

8 %

T h e A m erican Investm ent
metaburg, lowa, with a paid-up capital
0 0 0 , su rp lu s 8 7 5 ,0 0 0 , offers V first
Loans drawing seven per cent, both P rln ct ° , ml
Interest fu lly G u aran teed. Also 0 per Ov nlHr«o’
*ear Debenture Bonds,secured by 105 per cent <n
-lortgage loans held in trust by the iVlercaiit. ,
T ru st C o., N. Y . Five per cent certificates o,
deposit for periods under one year. Write for fun
information and references to the company at 130
Nassau St., k . Y .
A . L . OKM SBY,
Vice-President and General Manager,
IN VEST T H R O U G H T H E SOUND
„
R E L IA B L E

AND

WESTERN FARM MORTGAGE CO,

_
LAW RENCE, KAN.
F. M. P e r k i n s , Pres’t.
L. H . P e r k in s , Sec.
P aid Up C a p ita l,
•
8 4 5 0 ,0 0 0
The choicest Kirst Mortgage Farm Loans, also the
Company’s Ten Tear Debentures, based upon its
»m
“
p
v/apiocu
auu
asocbo
U
Y
U
J
$
U
«
a
/^/
w
iuoduo*
” aid up oapit&l and assets of over $850,000., uu
No losses.
Eleven years’ experience, with absolute satisfaction
to over 1,500 investors. Send for circulars, forms and
full Infprmj^rcm, Branch offices in N. Y. City and
Albqjtf. NewYork Office 137 Broadway.
0. 0. HINE & SON. Agents,

THE CHRONICLE.

A p r il 16, 1887. J

V

jtyecial %uviz&tmmts<

t r in a t e c i« !.

Mahoning Coal Co. Stock.

J arvis- Conklin
Mortgage Trust C o.,
SUCCESSORS TO

ments of March fe. 1887, the plan of reorganization

s,.ttdv°Pted and becomes binding.
New Orleans Pacific RR. Land Grant Owners of bo» ds who
have not yet assented should
do so on or before May 2,1887, if they desire to parBonds.
^
ticipate in the benefits of the reorganization and

Jarvis, Conklin & Co
K A N SA S

C IT Y ,

Capital P a id U p

-

-

Richmond & Alleghany

Texas & Pacific RR. Income and Land
R A IL R O A D COM PANY.
The owners of a majority of eaih Issue of bonds
Grant Scrip.
having already given their assent to the amend»

RIO.

Defaulted Railroad Bonds.

$ 1 ,0 0 0 ,0 0 0

OFFICERS:
8 AIHU EL Id. J A R V I S , P re s’ t.
E D W I N E . W I L S O N , 1 st V Ice-P res>t
H E N R Y P . M O R G A N , 2 d V ic e -P r e s ’ t

T O R E Y

&

4 AND 6 RROAD

K I R K ,
STREET,

assenting bondholders should at once present ’their
bond certificates to the Mercantile Trust Company
for proper Indorsement.
w
ctrc,ulai? an<* forms of agreement can
k,® kad upon application at the Company’s office
Room 41, No.2 Wall Street, New York.
04
__________P R W I N D A V I S . C h a ir m a n .
TO THE STOCKHOLDERS
OF THE

NEW

R O L A N D R . C O N K L IN , Sec’ f
W M . F . S H E L L E Y , T re a s»r.
G E O . W . M c C R A R Y , C o u n sel

St. Louis & San Francisco Railway Co.

YORK.

T r u s t C o .’s S to c k s .
ALL OF THE

This Company offers for sale at par and
seemed interest Its

N ew Y ork

SIX P E R C E N T D E B E N T U R E S

° n®.°fth® lawest stockholders, we propose to
attend the annual meeting of the St. Louis & San
cisco Railway Company, to be held in St. Louts
next month, and urge that the surplus revenue be
î ° £he Payj“ eut of dividends on the preKtock’ i ln<1 that dividends on the first pref®rred be made quarterly instead of half-yearly
We believe i he time has come to ohange the policy
of devoting the surplus to new construction Insteacl
lfc n dividends to the preferred stockhold­
ers. We respectfully request stockholders desiring
î>?
S E TL. Oppenheim
n° sen? Vs theJ
,rr Proxies
the name
of Edward
or Walter
Del in
Mar.
„
v
E . L . O P P E N H E I M Sc CO .
N e w Y o r k , A pril 1 2 ,188 7._______

AN D
payable half-yearly at the office o f TH E M ER
CANTILE TRUST CO., NEW YORK. These
B r o o k ly n Companies’
Debentures run for Ten years, but with the
BOUGHT AND SOLD BY
option o f redemption at the end o f Five years
They are direct obligations o f the Company
TO T H E H O L D E R S OF S U B S C R IP T IO N
and are further secured by an equal amount o
96 B roadw a
C E R T IF IC 1T E S F O R P R E F E R R E D
Real Estate Mortgages on Improved and pro
A N D COMMON S T O C K
See my quotations o f Trust and Telegraph Stocks
duetive Real Estate worth from three to five in Dally Indicator and Saturday’s Evening Pott.
OF
times the amount of|the mortgages, held by THE
MERCANTILE TRUST CO., which under special
ailey
Articles o f Agreement acts as Trustee for the
R A IL R O A D COM PANY.
holders o f the Debentures. They are issued in
5>« P I N E S T R E E T .
DEALINGS IN
denominations o f $500, $1,000 and $5,000
HATTTKÜST
^ S F T ac
i?o^m? ,^
BX rQIVEN that the CENT
p a n y f>F NlflW YORK is now
Those Debentures are a very desirable class I N S U R A N C E
to receive the remaining payment of fifty
S T O C K S prepared
50)
per
cent
on
subscriptions
due May 5,1887, and
of Investments for Estates and Trust Fundsdeliver regular certificates of common and proA S P E C IA L T Y .
and for Individuals and corporations desiring
such payment! 0 8Ubsorlbers electing to anticipate
Cash paid at once for the above securities { or they
an exceedingly safe investment, with a com
will be sold on commission at seller’s option.
L . M . S C H W A N , S ecreta ry .
paratively high rate o f interest.
N e w Y o r k , April 11.1887.
’
r
Write for further information and reference
First
Mortgage
«
Per
Cent
Gold
Bonds
to our office at Kansas City, Mo., or to
(8 1 2 ,0 0 0 P E R M IL E ),
R O L A N D R . C O N K L IN , S ecretary,
BOUGHT AND SOLD.
E q u ita b le B u ild in g;, N .Y . C ity .
JACKSONVILLE TAMPA &KEY WES1
J O H N M . S H R I G L E Y , Manager,
W ANTED t
RAILWAY COMPANY.
4 1 1 W a ln u t S t., P h ila d e lp h ia .
Elisabeth City, New Jersey, Bonds and Scrip.
Tf,8«“ 6 limited to $1,550,000. Principal due 1914.
Southern Central Ists.
v
M O R G A N A B R E N N A N , M an agers,
iv.tSr w EaI?y® Jjf New York January and July
Middletown Unionvllle 3c Water Gap Se
Completed ie b . 22, 1886. Standard gauge. Steel
2 7 C u sto m H o u s e S treet,
Indianapolis Sc Vincennes lsts and 2ds., ’
rftij8- First-class equipment.
"®®*
Scioto Valley Bonds, all Issues.
_________ _____________ P r o v id e n c e , R . I .
xrü*v-£°2!<l f^jms a part of the through line from
moli
to
florida, over which the Cuban
A L B E R T E . H A C H F IE L D ,
mall Is now carried. We recommend these bonds as
N o . fit® P in e S treet.

W M .

C.

E.

S. B

N O Y E S,

The Lake Erie & Western

,

Investment Securities

Geo. H. Prentiss & C o.,
N o. 4 9 W A L L

S T ,, N E W Y O R K ,
AND

208 M O N T A G U E

S T .,

BROOKLYN.

G AS ST O C K S

Staten Island Securities
A S P E C IA L T Y .
Gas, Railroad & Amusement Co. Stocks
GEO. R . R IP L E Y ,

AN D

CAS

Street Railroad Stocks and Bonds,
A N D A L L K IN D S OF

BROOKLYN

S E C U R IT IE S

D E A L T IN .
SEE GAS QUOTATIONS IN THIS PAPER.
d r o . h . P r e n t is s , W .D .P b k n t i s s . W .W W a l s h

Memb. N.Y. Stock Exch.

L. F. Oi T e t . Jr

The Investors’ Agency,
2 4 0 L a Salle S t., C h ic a g o , 111.,

(M. L.

SCUDDEB, Jr., Proprietor,)

ANSWERS INQUIRIES CONCERNING

Am erican Stocks a n d Securities.
Confidential Reports,
Moderate Charca

H. L. Grant,
Iio* 145 B R O A D W A Y ,
NEW YORK.

CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
Quotations of city Railroads In this paper

R. T . Wilson & Co
Î S f e î ™ ° ° MMI8SI0N MERCHANT,
* E x c h a n g e C o u rt N e w Y o r k .




r

o

L A N C A S T E R Sc CO .
W a l l S treet.

io

W E O F F E R FO R SALE
A L IM ITED AM OU NT OF

First Mortgage 6 Per Cent Gold Bonds
ROME

G as, In surance, Banks, C ity R a ilr o a d s .
& c . Send for list published ivfondays.
W IN T R ISIG H A M , 3 6 P in e St., N .Y ..
Member Consolidated Stock & Petroleum Exchange
___Member N. Y. Produce Exchange.
f

A.

OF THE

6 6 B road w ay, R o o m 8.

S E C U R I T I E S ,

B.

p ta u t g a g e s .

Important Notice.
TO HOLDERS OF KANSAS REAL ESTATE
MORTGAGES:

&

DECATUR

RR.

Principal payable 1020. Interest June and Decern,
ber at American Loan & Trust Co., Trustee eoem"
Issued at the rate of $15,000 per mile
This railroad runs through the richest mineral and
agricultural portions of the States of Georgia and
Alabama, and forms a direct Western outlet for
roads centering at Rome, Including the East Ten­
nessee Virginia & Georgia and Georgia Central roads
G R O V E S T E E N Sc P E L L ,
6 6 E x c h a n g e P la c e , N e w Y o r k ,
BANKERS AND BROKERS.

T H E W E S T E R N N A T IO N A L B A N K
JOF THE CITY OF NEW YORK
K
T em p ora ry Office, l i P in e S t., R o o m 2 8 ,
Send to HODGES & KNOX, TOPEKA.. KANSAS
for Free Pamphlet containing the complied Laws o^
-r,
_.
,
New Y ork , April 14.1887
Kansas relating to Real Estate Mortgages.
aws °*
Preparatory to opening this bank for business at
Its rooms in the Equitable Building! in the citv Sf
New York, on TUESDAY M A V in i« i w
of Directors has this day called lnth^balanc^due
on the capital stock, 95 per cent, payable at this
office on Monday, May 2 ,1887.
^
u at lms
Sums o f $100 and Upwards on ____________F . B L A N K E N H O R N , C ash ier.

Farm Mortgages

Indiana and Ohio Bonds.

NOTHING SAFER. ALWA VS PROMPTLY PAID
SEND FOR PAMPHLET.
JO S. A . M O O R E ,
8 4 E a s t M a r k e t S t., I n d ia n a p o lls , I n d ,

STOCKS and BONDS
A t Auction.
The Undersigned hold R E G U LAR AUCTION
SALES, o f all classes o f

STO CK S

AND

BONDS,

ON

WEDNESDAYS AND SATURDAYS

A D R I A N I I . M U L L E R & SON
NO. 12 .PINE STREET, NEW Y O R K
(EQUITABLE BUILDING j

*

J. P* Gayle,
REAL

ESTATE AGENT,

F ir s t A t , , bet 1 9 t h a n d 2 0 t h S treets.
Up stairs, opposite Berney National Bank.

BIRMINGHAM, ALABAMA.
Valuable suburban tracts o f land In bodies o f
ten to eighty acres each.

Hamilton & Bishop,
„
BANKERS AND BROKERS,
No. 9 6 B R O A D W A Y , N E W Y O R K .
(Members New York Stock Exchange.)
r„£?00i ni?
Bankers and others received.
Diterest allowed on balances. A strictly Commission
Business in the purchase and sale of stocks and bonds.
Private Telegraph Wire to Albany,Troy, Syracuse.
Rochester, Utica, Buffalo, Cleveland and Clucaao
Cii,y Bank of London in amounis oo suit.
Special attention given to Se mritles for investment,

s
[V ol. XIJV

THE CHRONICLE.

Tl

ffitm ttcial.
^ fin a n c ia l.
^

Kansas Investment Co.
OF T O P E K A , KANSAS,

0 PER CT. SECURED GOLD BONDS,
Principal and Interest payable at the
NINTH NATIONAL BANK. NEW YORK.

9

0

0

, 0

0

0

OFFICE OF D R E X E L , M O R G A N & CO.,
)
23 W a i l St ., New Y ork , March 16,1887. J

.

To the Security Holders of the

TH E

Louisville New Albany Chicago & Atlantic RR. Co.:
Having undertaken, at the request of the holders
& Chicago R ’y Co.

Said bonds are fully secured by first
OFFERS FOR SALE
mortgages on improved real estate in
Kansas, deposited with the
$900,000 o f its Consolidated Mort­
BOSTON SAFE DEPOSIT A TRUST CO., Trustee.
gage G P er Cent Gold Bonds,
They are largely taken by institutions
and conservative investors generally.
D D E IN 1 9 1 6 .
P ric e , P a r an d A ccru ed In te re st.
Represented by
A . D . M ID D L E T O N ,
1 0 W a l l Str e e t, N . Y

Sealed proposals for all or any part w ill b e
received at the office o f the

FARMERS’ LOAN & TRUST CO.

Proposals for Bonds.
TERRITORY OF DAKOTA,

)

up to A pril 22, at 12 o’ clock, noon.
Further Information will be given upon appu
cation at the office o f the Company,
N o . 3 1 N a ssau S treet, N . Y .

OFFICE OF T E R R IT O R IA L TH EASU REIt, >
B IS M A R C K , D. T., March 28,1886. )

Sealed proposals will be received at this office
until noon April 80.1887, for the purchase of the
following coupon bonds:

W M . D O W D , P r e s ’ t.
W i n . D U L L E S , J r ., A s s ’ t. T r e a s .

$35,800 Normal School 4 ^ P er Cent
Bonds,
Bearing date May 1,1887; running fifteen yearn
interest payable semi-annually, on the firstday s of
January and July in each year, at the Chemical
National Bank, New York City.
. .. .
No bid received less than par. The right to reject
any and all bids is reserved^ Envelopes containing
DroDosals must be marked Proposals for tne l ur
chase of Dakota Territorial Bonds, and addressed
to the Territorial Treasurer at Bismarck, Dakota.
J. W. RAYMOND,
Territorial Treasurer.

Seven Per Cent Bonds
FOR

SALE

^ 0 0 , 0 0 0
o f Bonds of the City of Sioux Falls, running twenty
years and bearing 7 per cent interest, will be sold
to highest bidder May 10,1887. For particulars inquire of
MELVIN GRIGSBY,
Sioux Falls, D. T.
WE OFFER FOR SALE

Benlson (T exas) City W ater Co.
6 per ct. 30-year Gold Bonds.
Interest February and August at FARMERS
LOAN AND TRUST CO., Trustees, New York, and

Vincennes (Ind.) W ater Supply Co.
6 per ct. 30-year Gold Bonds.
Interest payable January and July at PHILADEL­
PHIA TRUST CO., Trustees, Philadelphia.
The above works have been accepted by the re­
spective cities and are in full operation. Bor
further particulars apply to

w .

G .

H O P P E R

&

of a large amount of the securities of the Chicago
& Atlantic Railway Company, to bring about the reorganization of that company and to adjust the dif.
fe re n ce s between it and The New York Lake Erie &
Western RR. Co., with the understanding that the
railroad of the reorganized company shall be trans­
ferred to and operated by the New York Lake Erie
& Western RR. Co., we have made a contract with
The New Y o r k Lake Erie & Western RR. Co. with a
view to such reorganization and adjustment.
Copies of a circular setting forth the plan of re
organization may be obtained on application at our
office.
Holders of the securities of the Chicago & Atlan­
tic Railway Company are requested to deposit same
with in accordance with said circular.

COM

_________

New Y o r k ; April 1,1887.

James

River

l d

b
DUE

P R IN C IP A L A N D

o

n

d

BANKERS,
No.

First Mortgage 6 P er Cent

o

Henry S. Ives & Co.,

Valley

RAILROAD COMPANY

g

D R E X E L , M O R G A N & CO.

s

1936.

INTEREST G U A R A N T E E D B T

N O R T H E R N P A C I F I C R R . CO.
ISSUE $15,000 PER MILE. ALL STEEL RAILS
T H E C H IC A G O & N O R T H W E S T
E R N USES T H I S L IN E F O R A D I
R E C T C O N N E C T IO N W I T H M A I "
L i n e O F 1«O R ’f l l E R N P A C I F I C A
JAM ESTO W N .
FOR SAL E B Y

R E E D & FLAGG,
11 P I N E S T R E E T , N E W Y O R K .

Philadelphia & Reading

»5

NASSAU

S T ., N E W

YORK,

P. O. BOX 1,422.
Transact a general banking business, including the
purchase and sale of securities listed at the Not
York Stock Exchange, or in the open market.
Receive deposits subject to check at sight and
allow Interest on daily balances.
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject of invert.
ments for institutions and trust funds.

Fifth A v e n u e
HOTEL,
M adison S qu are,

M E W YORK,

The Largest, Best Appointed and Most Liberallr
Managed Hotel in the City, with the Most Central
and Delightful Lo^atlomc o c K d a .RLING A CO.

REORGANIZATION.
OFFICE OF BROWN BROTHERS & CO.
69 WALL STREET, NEW YORK.
COMMITTEE ON STOCK LIST.
NEW YORK STOCK EXCHANGE.
This committee recommends that the engraved
certificates representing the preferred and common
stock of the Philadelphia & Reading Railroad Com­
pany be admitted to the regular list on April 14,1887,
and that the common and preferred stock (old certi­
ficates) of the said road be stricken from the list on
May 14,1887.
Adopted by the Governing Committee, April 6,11887.
S. T. RUSSELL, Chairman.
GEORGE W. ELY, Secretary.

Bible Hotel,
AM STERD AM , HOLLAND.
Beautifully situated in the centre of the city, cloi
to the Railway Station and the Exchange. Fint
rateoooking. Excellent wines. Moderate prices.
W. P. WERKER, Manager.

Massasoit

House,

S P R IN G F IE L D , M ASS.
Referring to the above, we hereby give notice that
we are now ready to issue here and in Philadelphia THE BEST APPOINTED HOUSE IN WESTERS
engraved deposit certificates, issued under the plan A
NEW ENGLAND.
of reorganization, in exchange for the present stock
Convenient for the tourist or business man. n«h
certificates with the assent stamped thereon. Hold­
Union
Depot.
W - h . CH A PIIers of assented stock, when depositing their shares
with us, will execute a power of attorney, of a
1st Mort. 6 Per Cent Bonds,
prescribed form, assigning the old "stock to the Re­
construction Trustees, and will in due course receive
DUE 1013. INTEREST JUNE & DECEMBER. the new certificates.
Blank powers may be obtained at this office.
Issu e lim ited te $ 1 7 ,0 0 0 [per m ile.
A p r il 14.1887.1
B R O W N B R O S . & CO.
W e offer a limited amount o f the above prime
J o h n G. M o o r e . W. K . K it c h e n . G.B.S chlïî
TO THE STOCKHOLDERS OF THE
bonds at 105^ and Interest. The earnings o f this
road are increasing steadily at the rate o f 60 per S t Louis & San Francisco Railway Co.
cent per annum. The company has no car trusts
BANKERS AND BROKERS,
The undersigned Directors of the St. Louis & San
and no floating debt.
Francisco Railway Company respeotfully request 2 6 B R O A D S T R E E T , N E W YOBS*
For further particulars address
the stockholders to send their proxies, in the name
B r a n c h Of f ic e s :
, '
...
L A T H R O P , S M I T H Sc O L I P H A N T
72 Wall St., N. Y.
114 So, Third St„ Phil».
of DAVID J. SELIGMAN, to T. W. LILLIE, Treas­
Connected with
3 7 B r o a d S treet.
urer, Mills Building, New York, or to either of the
I. A. EVANS & CO., Boston.
_r
C o r s o n & m a c a r t n e y , Washington, d a .
undersigned. These proxies will he voted to con­
E. L. BREWSTER A Co., Chicago.
tinue the present careful, economical and independ­
H u b b a r d A F a r m e r , Hartford.
ent management of the property.
Private Wire Connections.
Buy and sell Stocks, Bonds and MiscellaneoM
JE S S E S E L IG M A N ,
Securities on New York Exchanges; also Grain»«
of J. & W. 8'eligman & Co.;
Provisions on Chicago Board of Trade,
A F F IC E OF T H E P H IL A D E L P H IA
GEO. C O P P E L L ,
COMPANY, 935 Penn Avenue, P ittsburg
o
f
Maitland,
Phelps
&
Co.;
Pa., April 8,1887.
J . PATON,
EIGHTEENTH DIVIDEND.
of John Paton & Co.
The Board of Directors of this Company have this
BANKERS & BROKERS,
New Y o r k , April 11,1887.
day declared a dividend o f one per cent out o f the
IN . V A N W E R T & M IC H . 1S T M TG E .
earnings for last month, payable on the 20th inst.
Cinn. Van Wert & Mlohigan Incomes.
Transfer books will be closed from the 15th to the
Albany, N.Y.
Providence, R L
Chicago Wisconsin A Minnesota 6s.
20th inst., both inclusive. Checks will be mailed to
New York Steam Co.’s Stock and Scrip,
stockholders.
JOHN CALDWELL, Treasurer.
Saratoga.
Scioto Valley 1st and 2d Mtge. Bonds.
r p H E S T . P A U L M IN N E A P O L I S &
Transact a General Banking Busiw^1
People’s Gas, Chicago, Bonds and Stock.
A
MANITOBA RAILWAY COMPANY,
Chicago Equitable Gas Bonds and Stock.
No. 63 W illiam St ., New York , March 80,1887.
N. Y. Equitable Gas Co. Bonds and Scrip.
The usual quarterly dividend of ONE AND ONEDirect Private Wires to each office and W
HALF PER CENT on the Capital Stock of this Com
Chesapeake Gas Co. Bonds, Stock and Scrip.
pany, has been this day declared, payable May ?
PHILADELPHIA,
United States Eauitable Gas Stock.
1887, to stockholders o f record on that date.
b o u g h t a n d sold.
The transfer books will be closed at 8 o’clock P.M
BOSTON,
April 11. and will be re-opened at 10 o ’clock A. M
W
.
B
R
E
N
TO
N
W
E
L
L
IN
G
,
WORCESTER.
May 8,1887.
E. T. NICHOLS,
N o. 2 W a ll S t. and 9 0 B ro a d w a y ,
Assistant Secretary.
No. 28 South Third Street, Phlla.

Milwaukee& RorthemRR.Co

IPwatuctal.

Moore & Schley,

Interest, fJirixlemXs, Sec.




Spencer Trask & Co.,

c

16 and 18 Broad Street, N. *•

HUNT'S

REPRESEN TIN G t h e

VOL. 4 4

MERCHANTS’

in d u s t r ia l

and

c o m m e r c ia l

MAGAZINE,

in t e r e s t s

of

the

u n it e d

SATU RD AY, A P R IL 16, 1887.
O N T E N T 8 .

C h r o n ic le .

Terms o f Subscription—Payable in A dvan ce:
For One Y ear (inoluding postage)........ ................................ $10 20
For Six Months
do
..........................
6 10
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Annual subscription in London (inoluding p o s ta g e )......... £ 2 7s,
Six Mos.
do
do
do
......... £ 1 8s.
These prioes inolude the I nvestors ’ Su pplem ent , o f 100 pages,
Issued onoe in tw o months, and furnished w ithout extra charge to
subscribers o f the Chronicle .
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible fo r remittances unless m ade b y Drafts
or Post Office Money Orders.
A file cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound fo r subscribers at $1 00.
L o n d o n A g e n ts :
Messrs. E d w ard s & Smith , 1 Drapers’ Gardens, E. C.. who w ill take
subscriptions and advertisements and supply single copies o f the paper
at Is. each.
WILLIAM B. DANA, t W I L L I A M B . D A N A & C o ., P u b l i s h e r s ,
< 7 9 & 81 W i l l i a m S t r e e t , N K W Y O U JK .
JOHN O. FLOYD
' (
P ost Office B o x 958.

— On page 492 will be found the detailed returns, by States,
of the National banks, under the Comptroller’s call of March
4, kindly furnished us by Mr. Trenholm, Previous returns
were published—those for December 28, 1888, in the C h r o n ­
ic l e of February 19, 1887, page 242, those for October 7 in the
issue of November 27, 1886, on page 631.

CLEARING

HOUSE RETURNS.

The current exhibit of exchanges—that for the week ending
April 9—is a very satisfactory one. At many of the more
important cities the observance of Good Friday as a full or
partial holiday led to a reduction in the volume of clearings
for the week, while the falling off at Boston and Chicago is
the result, in the first instance, of the occurrence of the an­
nual Fast Day, and in the other of the spring election. Not­
withstanding all this, the loss from the previous week reaches
only about forty-five millions of dollars. Furthermore, there
are nineteen cities which record gains over April 2. Consid­
erable more activity is noticed of late in the speculation on
the New York Stock Exchange. The mercantile failures for
the week are reported to have been the same in number as
during the preceding week, but less than two weeks ago.
Contrasted with the corresponding week of 1886 the returns
make a very favorable exhibit; in fact but three cities record
losses, and these unimportant, the falling off at New Orleans
being entirely due to the intervening holiday. On the other
Hand, there are some very heavy gains, Omaha showing an
excess over last year of 100-4 per cent, St. Joseph 88 5,
Denver 65 6, San Francisco 50-4, Kansas City 49*5 and Peoria
4 « 5 per cent.

NO. 1,138.

800 this year, against $322,079,951 in 1886, or an increase o f

16*3 per cent.
TH E CHRONICLE.
Clearing-House R eturns......... 475 N orfolk & w e s t e r n .................. 482
The Financial Situation....... . 476 Earnings First Week of April.. 483
M onetary and Commercial
Increased Circulation In Nine
English N ews.......................... 483
Months..................................... 477
Commercial and Miscellaneous
New York Grain Receipts and
Trunk-Line Earnings............ 478
N e w s.........................................485
New York............
Railroad Earnings in M arch ... 479
Sales of—
(Stocks... .shares.
I Cotton......bales.
(Crain., .bushels.
(Petroleum, .bbls.

^ tu e

states*

Boston.
Providence..
Hartford....
New Haven.
Portland... .
Worcester...
Springfield...
Lowell........
Total N. England
Philadelphia.
Pittsburg.. ..
Baltimore....

Week Ending April 9.
1887.

1886.

Per Cent.

1887.

Per Cent.

1659,268,800

9580,894,951

+135

9C85.299.546

(2,346,468)
(480,400)
(22.769.000)
(13.718.000)

(1,689,570)
(273,800)
(84.574.000)
(31.038.000)

(+88 9)
(+75-5)
(-84-1)
(—55'8)

(2,089.811) f+2-5)
. (1,168,500) (+104-4»
(30,087,157) (+41-3)
(6,754,000) 1-85-0)

987,958,992
4,694,500
1,694,497
1,156,173
975,201
927,618
1,009,578
530,819

964,289,189 + 86-8
4,045,800 +18 0
1,700,248 —OS
1,072,786 +7-8
869,670 +121
799,399 +160
732,864 +37-8
408,034 +80-1

+7-2

998,917,373

973,917,939

+83-0

996,870,101 + 20-8
4,565,000 +25-1
1,688,470 - 0 0
1,155,907 +16-3
838,978 - 6-1
908,378 +14-1
775,025 +25-2
542,101 + u - i
9106,844,100 + 20*2

956,921,158
8,574.959
11,044,220

950,041,663 +13-7
7,840,641
+0-4
11,151,794
+3-5

963,257,283 +15-4
8,402,876 421-2
12,315,340 +13-6

Total Middle.

977,040,387

969,034,098

+ 11-6

C hicago........
Cinc.nnati ....
Milwaukee......
Detroit............
Indianapolis...
Cleveland.......
Columbus.......
Peoria.............
Omaha............
Minneapolis...,
Denver............
St. Paul ..........
Grand Rapids.
Wichita*.........

950,545,536
12,288,950
3,511,802
3,248,693
1,615,281
8,278,617
2,084,513
960,995
2,941,176
2,730,101
2,831,644
3,365,400
899,638
1,226,686

943,475,707
9,757,100
8.191,568
2.908,592
1,164,059
2,324,598
1,882,065
674,311
1,467,485
2,608,088
1,709,760
2,493,701
384,132

416-3
4254
410-0
48-4
4888
+41-0
+ 10-8
442-5
4100-4
+4-7
+65-6
+34-2
+40

Total Western,.

Week Ending April 2

982,075,508 +15-7
+19-4
+29-1
+ 21-0
+24‘8
+40-8
+182
46'9
-*■54-5
4 1 ¡9-0
+ ’ 4-6
TÖO-0
+49*4
+6-5

$55,631,121
11,504,800
4,105,217
3,433,810
1,611,821
2,702.145
2,853,818
1,063,800
2,655,538
2,034,239
2.232,387
8,437,001
381,700
1,385,672

989,752,346

974,129,116

+ 21-1

993,746,906

4240

917,555,030
1,268,365
6,859,517
5,584,336
7,884,963
2,119,176
1,105,001
683,635

915,097,663 +16-3
691,214 +83-5
7,731,238 —11-3
4,768,183 417-1
5,273,173 449-5
1,888,460 +12-5
1,216,728
-9-2
621,868
+9;9

915,975,038
1,295,162
8,177,462
6,757,854
7,030,752
1,978,280
783,866
602,630

+25’9
+60-0
+25-4
+44-8
453-2
+10-7
—30-0
—8-0

Total Southern..

943,060,023

937,283,486

415-5

942,601,903

480-0

San Francisco......

914,785,224

99.829,220

450-4

916,575,514

481-2

Total all............. 9982,854,103 9845,088,810 +16-3
Outside New York 9323,585,303 9264,103,850 4-22*5
* Not included in totals.

$1,028,043,477
9342,743,931

+ 11-0
+21-7

St. Louis.......
St. Joseph. ..
New Orleans.
Louisville..
Kansas City..
Memphis......
Galveston....
Norfolk........

As received by telegraph this evening, the returns of ex­
changes for the five days make a favorable exhibit. In the
aggregate for all the cities embraced there is a pretty large
increase over the preceding period, and in comparison with
the corresponding five days of 1886 the gains are quite decided.
For the week ended April 16, the subjoined statement indi­
cates an excess compared with last year in the total for all the
clearing houses o f 26-4 per cent and an increase outside New
York o f 20*7 per cent.
Week Ending April 16.
1887.

Week End'g April 0.

New York.............
Sales of Stock (she.)
Boston........... .
Philadelphia.........
Baltimore.............
Chicago.................
St. Louis...............
New Orleans.......

9641,129,592
(1,899,725)
87,221,262
53,483,494
12,794,617
42,490,000
14,248,870
6,979,014

1880.
Per Cent.
$494,251,619
(1,430,840) (+32-8)
68,681,337 +27-0
44,604,898 +19-0
10,332.415 +23-9
39,518,000
+7-5
12,520,856 +13-8
6,096,914 +14-5

Total, 5 days...
Estimated 1 day

9858,346,840
168,413,452

9675,996,039 +27-0
185,917,423 +23-9

$807,214,771
83,438,482

+23-5
—30-2

contrasts wnh $103,526,000 for the corresponding week a year
Total full week 91,026,760,301 9311,913,462 +26-5
02,200,850
73,138,069 +26-0
i l F o i l i n g our usual plan of deducting two-and-a-half Balance, Country*

$800,653,253
02,216,617

+16-2
+2T9

$982,889,870
$823,601,070

+10-3
+ 22*

On the New York Stock Exchange the dealings in shares

. WeeK l ° Ver a markefc value of $113,896,000, which

Total week, all $1,118,961,151

1885.102,431

+26-4

d e l ! 6! ™
9 i ° m the ^ ew York ^changes to arrive at
gs having other origin, the result reached is $374,528,- Outside New York $352,524,003 $291.916,107 ~+20-7




* For the full week, based on last week’s returns

1887.

Per Cent

(2,346,468) (+76-4)
74,954,466
+44‘9
43,702,290
+3-0
9,182,334
-3 -8
42,811,000
+ 20-0
15,164,350
+17-0
5,754,365
-7*8

THE CHRONICLE.

476

THE FINANCIAL SITUATION.

[Voi» XLIT.

yesterday the tone was reported firm again.
Mr.
Switzler o f the Bureau o f Statistics has made public this
week the March figures o f breadstuffs, cotton, &c., and
they show quite large results.
Cotton values, our own
figures have indicated, would be in excess of a year ago,
but we hardly expected that the increase would reach as
it does 6^ million dollars as compared with 1886, and
over 10 million dollars as compared with March, 1885.
Breadstuffs values are also large, and hence the total of
all articles reported reaches nearly 11 million dollars more
than the same articles last year, and nearly 14 millions
more than the previous year. The following is the state­
ment prepared in our usual form for the three years.

There has been a less feverish feeling and a quieter
tone in the money market this week, with an obvious
tendency towards slightly lower rates. This change is
due mainly to a suspension for the time being in the
demand for funds from the W est and South, evidence of
which has been published from day to day in the advance
in rates o f domestic exchange. First came a rise at Chi*
cago from 40 cents per $1,000 discount to par @ 25
cents premium; next follow ed the movement at New
Orleans to 50 cents per $1,000 premium for commercial
and $1.50 premium for bank; then an advance at Savan*
EXPORTS OF BREADSTUFFS, PROVISIONS, COTTON AND PETROLEUM.
nah and Charleston, and finally a rise at St. Louis to par
from 50@ 75 cents discount. A s this indicated quite a
1884-85.
1885-86.
1886-87.
Exports
wide and general cessation in the outflow o f money,
from V. S.
March. 9 Months. March. 9 Months. March. 9 Months
including all the more important W estern and Southern
Quantities.
distributing points, it naturally relieved anxiety, making Wheat.bush. 7,722,738 78,257,466 5,198,746 34,785,243 3,642,139 71,409,822
805,530 7,596,401
569,547 5,686,707
the demand less urgent and the supply therefore more Floor... bbls. 1,127,540 8,731,942
Wheat, bn. 12,706,718 112,551,205 7,761,707 60,375,424 7,267,024 105,598,626
abundant. The result is seen in the fact that the rates Com...bush. 5,852,130 30,535,919 8,031,481 44,597,371 7,975,960 35,587,780
for call money, so far as represented by bankers’ balances,
Tot. bush.. 18,148,848 143,087,124 15,793,188 104,972,795 15,242,931 141,181,356
1
Values.
I
t
have ranged between 9 and 3 per cent, averaging about 6 per
9
$
2
Wh’t A flour 12,287,963 103,053,255 7,064,243 57,431,593 6,921,415 98,242,304
cent; some of the city institutions also, chiefly up townj Cora A meal. 2,631,875 15,186,067 3,990,955 23,531,664 4,183,837 19,512,272
88,459 1,828,730
87,871
101,908
11,590
109,706
have been in the paper market, and a demand from this Bye.............
856,420 1,981,378
Oats & meal.
25,146
541,359
60,671 2,396,875
315,191
source has caused a reduction of about £ o f 1 per cent in Barley.........
5,112
5,813
786,532
10,151
129,557
Br’dstuffs.. 14,993,668 119,669,121 11,187,610 83,598,895 11,559,743 121,879,875
the discount rate. Other than these there is as yet but
Provisions.. 6,401,765 66,660,079 5,832,795 64,877,584 6,359,052 77,848,453
little evidence of a material or permanent change in money, Cotton......... 22,892,078 191,441,053 15,838,790 164,395,157 12,196,879 180,770,322
while among the officers of some of our larger banks there Petrol’m, Ac. 3,534,912 34,011,004 3,824,394 87,549,531 3,554,706 87,224,715
33,669,880 417,723,365
seems to be a feeling that the smaller outflow of funds may Tot. value. 47,327,453 411,781,257 36,633,589 349,921,167
The
foregoing
figures,
taken
in
connection
with the
be but temporary. A fact of some importance in that
New
Y
ork
statement
of
imports
for
March,
would
seem
connection is the condition o f the money market at Chicago
which was reported one day this week as quite stringent, to indicate that the whole foreign trade o f the United
and according to latest advices active and Arm. Still States for that month will most likely show a balance in
another fact disclosed by our special returns from the our favor of about three millions or more.
On page 492 of this issue we publish our usual detailed
banks is that the East is now drawing from this centre.
The Bank of England discount rate was reduced on statement of the returns of the National banks of the
Thursday to 2£ per cent from 3 per cent at which it had country under the Comptroller’s last call. These latest
stood since March 24. This reduction was the natural figures show the same decided progress in the organization
result of quietness in trade circles, the condition o f of small banks which has been the conspicuous feature
money in the open market and the state o f the Bank’s during recent years. It should be remembered that pre­
reserve. A year ago the official rate was 2 per cent, the sent growth is in face o f the fact that the banks have
open market rate for 3 months’ bank bills 1£@ 1£, and the to buy Government bonds at a high premium as a prelim­
holdings of bullion £21,713,694; now the official m ini­ inary to organization, and o f the further fact that there
mum is 2£ per cent, the open market rate 1£@ 1£ per cent have been during the same time a large number of i|
banks
going
out
of the business, because
and the bullion in Bank £24,135,000; this shows nearly 2£ old
presented (through
the
calling
million sterling more bullion, with the open market rate of the necessity
lower and the official minimum £ per cent higher. It seems in o f the bonds they held) o f giving up their charter or
also that the inquiry for gold for Germany has for the time buying new bonds. W h at better evidence could there be
being subsided and that the outflow now is mainly to the o f the popularity of the act among the people, and why
interior. A special cable to us states that the loss o f bul­ should not Congress in view o f this circumstance strive
lion by the Bank this week, which is reported at £102,000 to strengthen the system and encourage its growth.
was made up b y a receipt of £156,000, “ principally Nearly all the additions now are, as already said, small
bought,” and by an export to Lisbon o f £50,000 and a banks and of course in the poorer sections of the country.
shipment to the interior o f £208,000. The open market W e have taken the trouble to make up from the weekly
rate at Paris is 2 per cent, at Berlin 1£ and at Frankfort record of new banks form ed since Oct. 7, 1886, down to
l i per cent. There are evidences of increased speculative the date o f this return, March 24, 1887, the exact amount
movements in securities at the chief European financial of the capital o f each. W e find that there were 80 in
centres, and prices have tended upwards, but trade all and that of these 44 banks, or 55 per cent, had only
remains unchanged, being quiet, as heretofore reported. $50,000 capital each, while in 23 other instances the cap­
The Bank of France lost £165,000 gold during the week. ital ranged from $60,000 to $100,000, making 67 out of
Our foreign exchange market has been dull. It was the total of 80 banks having in no case more and in almost
firm until Thursday at an advance of half a cent for both all cases less than $100,000 capital. Is it wise to let a
long and short, a good demand for the form er and an banking system which has so many admirable features and
absence of commercial bills carrying all rates upward. is filling such a field, fall into decay?
Railroad earnings just now are no indication of the
On Thursday the reduction in the Bank o f Eng­
land minimum and pretty fret offerings o f cable course of business, and yet it is interesting to observe how
transfers against
purchases
of
tocks
on
Euro­ extraordinary and general the gains are. On another page
pean account, made the rate for this class easier, we give our statement fo r the month o f March embracing
although there was no change in nominal quotations; but 61,901 miles o f road— nearly one-half the mileage of the




A p r il

THE CHRONICLE.

16, 1887.]

country— and comprising 111 distinct lines. It shows an
increase over the same month last year in the sum of
$4 184,370__an amount larger than the gain in any monthly
statement published by us since 1880. The total reaches
$28,781,619 this year, against $24,597,249 last year, and
the ratio of increase is about 17 percen t. Even more
extraordinary are the figures for the first week of April.
"We have returns from 50 roads for that week and they
show
an increase of $761,551, or nearly 33 per
cent.
Such
results
carry with them a demon,
station of exceptionally favoring circumstances to account
for them. In brief the causes are, the heavy freight
shipments this year in anticipation of the new Inter-S:ate
law, the large amount o f railroad building going on, and
the small earnings, and in some cases large losses, shown a
year ago because o f the labor strikes. It would be folly
to expect equally large gains in the future, or at least
after the freight sent forward at the old rates ceases to
count in earnings. General business certainly is now much
quieter than it was and the iron trade is completely unset­
tled. To be sure we will for some time to come be com ­
paring with a period o f successives strikes last year, and
railroad construction may be expected to g o on swelling
railroad traffic ; but on the other hand there must for the
time being be a falling off in the through shipments (so
much having been sent forward before the Inter-State law
went into effect), while the disturbance to trade and manu­
factures in many places, occasioned by the new law, will also
be a drawback to any marked improvement in earnings,
such as we have been witnessing.
The stock market has been alternately strong and weak,
with the undertone, however, quite firm. Taken alto­
gether, it is perhaps correct to say that results have not
met expectations.
Money has been easier, and with
everybody apparently favoring higher prices, there has
been marvellously little response to the good feeling so gen.
erally prevailing. To be sure, Central New Jersey has again
been boosted up, reaching 86 (though subsequently drop­
ping back), but this, if anything, served rather as a
damper to the rest of the market, there being no known
reason in the condition of the property to account for
the advance. W e can think o f no other cause for
the halting disposition which the market evinces, than
that there is in many quarters much uneasiness as to the
possible effects o f the Inter-State law, and that some of
the large operators, while ostensibly committed to higher
prices, are at every opportunity lightening their loads, so
as to be prepared should the unfavorable happen. Cer­
tain it is that the outside public is doing little or nothing
in the market. There has, however, been considerable
support from foreign buying. Some special stocks have
been quite «strong, among them Reading, Louisville &
Nashville, St. Louis & San Francisco, and the Omahas,
the latter on the favorable character of the annual report
this week issued in pamphlet form.
The following statement, made up from returns c o l­
lected by us, shows the week’s receipts and shipments of
gold and currency by the New Y ork banks.
Week endino April 15,1887.
Currency.....................
Gold...........................
Total gold and legal tenders......

Received by SMpped by
N. F. Banks. IV. F. Banks.
_______ "
200,000
11,055,000

»1,070,000

Net Interior
Movement.
Gain.. $185,000
Loss.. $200,000
Loss..

$15,000

The above shows the actual changes in the bank holdings of gold and currency caused by this movement to and
from the interior. In addition to that movement the banks
have gained $600,000 through the operations of the
Sub-Treasury. A dding that item to the above, we have
the following, which should indicate the total gain to




477

the New Y ork Clearing House banks o f gold and cur­
rency fo r the week covered b y the bank statement to be
issued to day. It is always to be remembered, h ow ever
that the bank statement is a statement o f average»
for the week, whereas the figures below should re*
fleet the actual change in the condition o f the banks
as between Friday o f last week and F rid a y of this
week.
Into Banks. Out of Banks. Net Citanos in
Bank Holdinos

Week endino April 15,1887.
Banks’ Interior Movement, as above

$1,055,000
7,800,000

$1,070,000
7,200,000

Loss..
Gain..

Total gold and legal tenders....

$8,855,000

$8,270,000

Gain.. $585,000

$15,000
000,000

The Bank o f England lost £102,000 bullion during
the week. This, as stated above, represents £106,000
net received from abroad and £208,000 sent to the
interior o f Great Britain. The Bank o f France lost
4,125,000 francs gold and 2,300,000 francs silver, and the
Bank o f Germany, since the last report, gained 1,580,000
marks. The following indicates the amount o f bullion in
the principal European banks this week and at the
corresponding date last year.
A pr. 14, Í887.
Gold.

Silver.

A pril 15, 1886.
Gold.

Silver.

&
a
A
A
21,713,694
Sank o f England . . . . . . . 24,135,532
Bank o f France . . . . . . . 47,492.402 45,973,834 51,545,248 44,588,836
Bank o f Germ any............ 19,728,190 17,494,810 18,143,490 16,089,510
91,356,124 63,468,644 91,402,432 60,678,346
Total tills w e e k ......... .
Total previous week . . . . 91,580,616 63,521,958 91,392,213 60,391,980

The Assay Office paid $251,043 for domestic bullion
through the Sub-Treasury during the week, and the A s ­
sistant Treasurer received the following from the Custom
House.
Consisting of—
Date.

Duties.
Gold.

Apr.
“
“
«
*
“

8.
9.
11.
12.
13.
14.

Total.

$266,637
546,814
519,642
644,195
501,525
339,836

40
85
14
27
16
86

$3,000
3,000
9,500
6,000
6,000
13,000

$2,818,651 68

$40,500

U. S.
Notes.

Gold
Oertiflc’ s.

Silver Oertiflcates.

$197,000
406,000
348,000
445,000
369,000
237,000

$32,000
74,000
73,000
103,000
56,000
42,000

$391,000 $ 2,002,000

$380,000

$34,000
64,000
88,000
89,000
70,000
46,000

Included in the above payments were $6,500 in silver
coin, chiefly standard dollars.

INCREASED

CIRCULATION IN
MONTHS;

NINE

A s supplementary to our remarks o f last week respect­
ing the first of A pril Treasury statements, we have pre­
pared an exhibit disclosing the changes which have taken
place in the country’s total circulation since this fiscal
year began. These figures will be useful, as there seems
to be no little confusion in regard to the real condition.
Mistakes are mainly made with reference to silver issues,
many counting silver dollars and silver certificates too ;
others counting the trade dollars as soon as they are
redeemed, although the trade dollar act says they “ shall
“ not be paid out or in any other manner issued
still
others treat the new small certificates put afloat as if
the currency was increased in that amount.
The error in these suggestions is very clearly seen when
one remembers that the only silver currency we have is
the standard dollar after it has been coined, or silver certifi­
cates representatives o f those dollars. Consequently, the
total coined silver standard dollars must always be the mea sure of our silver currency. There may of course be more
o f them in active use at one time than at another, that is,
either more o f them may be in circulation or more certifi­
cates may be out, or both ; but only the net movement
shows the increase or decrease, for a3 certificates go out

THE CHRONICLE.

478

o f the Treasury dollars may go in, or vice versa. A ll this
is very familiar to most o f our readers. W e recall it
merely because it helps to make more clear the statement
o f actual changes in the circulation o f the country given
below and which have been in progress during late months.
Our comparison is with the first of July. In preparing
the figures for that date we take for the gold coin and
bullion the statement o f Mr. Kimball, Director o f the
M in t; for the silver total, we use the standard dollar
coinage up to that date, as appears in the Treasurer’s
report ($233,723,286) with the bullion held for coinage
in the Treasury at the same time ($3,092,198); this latter
item is included (although it is no part o f the currency),
simply because the Treasury statement includes it in its
net, and being small it is o f little importance except as it
would prove confusing if we changed the Government
figures ; for the national bank notes outstanding we give
the result as stated in the report which we receive from
Comptroller Trenholm each month; and for the fractional
silver we take the figures from the Mint report. Thus
made up, the total circulation in the country on the first
o f July, 1886, is as below.
July 1 .1880.

Gold Coin Silver Doll’s U. S. Legal National Fraction'l
Tenders. BankNotes Silver.
A Bullion. A Bullion.
$
$
$
1
$
■156,794,000 *96,229,539 *22,808,000 4,034,000 28,005,000

In banks and in bands
o f the people........ *433.980,401 *140,585,945 *823,813,000 304,057,000 40 155,000
Totals July 1....... 590,774,401 230,815,484 840,681,000 808,091,000 75,000,000
* Less certificates outstanding.
{ Including certificates.

Bringing all these items together we have the following
aggregates.
Total circulation in tlie Treasury July 1 ,1 8 8 8 .................
T otal circulation in banks and in bands o f the people
Ju ly 1 ,1 8 8 6 ...........................................................................

$308,830,539
1,249,191,406

T otal circulation in the United States July 1 ,1 8 8 6 .. $1,558,021,945

[VOL. X L I V .

Comparing the statement for A pril 1 with that for J uly
1, it will be found that the total circulation in the country
has increased during the nine months $59,793,819; or
(since the loss in bank note circulation very nearly offsets
the gain in silver circulation) that the total increase is only
about 5£ millions more than the increase of gold alone
during the period mentioned.
But the most interesting feature which these figures
disclose is that all, and more than all, o f this gain in cir­
culation has gone into active use. Ia fact, the above shows
that, whereas the actual gain was only $56,793,819, the
increase in the banks and in the hands of the people must
have been $64,200,590 since the Treasury during the same
period lost $4,406,771; that is to say, there has been put
into the channels of commerce on the average over seven
million dollars of new currency each month since
July 1, 1886. A nd this is not all, for every dollar of the
64 millions has gone, not into the banks, but into the hands
o f the people. In fact, the banks have lost currency
during the same period. W e notice that on the 26th
of June, 1886, the New Y o rk Clearing House banks r e ­
ported their total specie and legal tenders at $108,311,300;
on the 2d of April, 1887, their total as reported was only
$97,473,500.
So that, while the people received
$64,200,590 from new sources and from the Treasury,
they also received about eleven millions from the New
Y o rk banks. This gives an idea o f the extent o f the
absorption which has been in progress under the present
revival o f business, similar to that which was so marked a
feature in 1880, and which we referred to two weeks ago.

N EW YORK GRAIN RECEIPTS AND TRUNK­
LINE EARNINGS.
Notwithstanding the concessions in rates obtained by
shippers on through grain, the deliveries at New Y o rk in
j March this year fell considerably short of those in March
1886. This is the more noteworthy that the falling ofi is
in addition to a falling ofi last year, so that the present
year’s aggregate of 8,617,206 bushels compares with a
total of 10,256,150 bushels in 1886, and 12,290,022 bushels

In ascertaining exact similar figures for the 1st of April
w e find with regard to the gold that there has been a net
im port since July 1, 1886, of $36,149,000, and a net pro­
duction (on the basis of the Mint Bureau statement of 35
million dollars for the year) of $27,000,000; from this we
deduct, according to Mr. Kimball’s estimate of consump­ in 1885.
tion of $11,152,120 for 1885, say 9 millions, or about one
It does not require any very extensive research, h ow ­
million dollars per month. These changes make the net ever, to discover that this contraction in the grain receipts
gain in gold up to A pril 1st $54,149,000, and show at New Y o rk has its origin in circumstances entirely
the total gold in the United States both coin and bullion apart from and independent of the changes in rates. The
on that date to be $644,923,461.
The silver dollar cause for it would seem to be connected with last season’s
coinage since July 1st up to A pril 1st has been diminished production o f corn, for it is a fact that the
$24,850,741 ; adding that to the coinage as reported decline in the grain deliveries is entirely owing to the
b y the Treasurer July 1st ($233,723,286) we have the small receipts of that cereal. The corn arrivals in March,
total coinage on A pril 1st, $258,574,027, which with 1887, were only 1,668,980 bushels, against 5,222,944
the bullion held for coinage in the Treasury on that day bushels in 1886, and 4,716,860 bushels in 1885. Hence,
($4,779,858), would make the total for silver on the 1st o f except for the reduced shipments o f cosju* the grain
A p ril $263,353,885.
The other items in our table we receipts at New Y o rk instead o f showing a' decrease of
obtain as previously stated— making the results for A pril 1,600,000 bushels, would show an increase in amount of
1st as follows.
nearly 2,000,000 bushels. The gain, however, is almost
1
exclusively in wheat, the receipts of flour and wheat this
Gold Coin Silver Doll’s U. S. Legal National Fraction’l
April 1,1887.
A Bullion A Bullion § Tenders. BankNotes Silver. . year standing at 4,437,730 bushels, against only 2,226,602
bushels in March, 1886. Of oats the receipts were
$
$
$
$
%
200,629 80,601,613
In Treasury............... *181,939,847 «74,521,741 *21,159,938
1,429,580 bushels, against 1,660,646 bushels; o f barley
In banks and in hands
and
malt 854,750 bushels, against 972,622 bushels, and
*325,521,062
49,131,550
280,923,626
of the people......... *462,983.614 *188,882,144
Totals April 1... . 044,923,461 263,353,885 346,681,000 287,124,255 75,733,168 of peas and rye 118,022 bushels, against 58,804 bushels.
The falling ofi in corn has extended to the other
§ (trp* W e include silver bullion bought and held fo r coinage because
it is included in the Government statement, and it would lead to confusion
Atlantic ports only in small degree, the receipts at Phila­
if w e changed the figures; besides, the item is always small and about
delphia, Baltimore and Boston, reaching 4,468,623 bushels,
the sam e- three or four million dollars.
* Less certificates outstanding.
t Including certificates.
against 4,846,412 bushels in March, 1886. The gain in
The aggregates o f all these items are as below.
wheat, however, at these ports is just as decided as in the
Total circulation in Treasury April 1 ,1 8 8 7 ...................
T otal circulation in banks and bands o f the people, April

$304,423,768

1, 1887........................................... J..................................

1,313,391,996

Total circulation in Unitod States, April 1 ,1 8 8 7 ..... $1,617,815,764




case of New Y ork, the total of flour and grain being this
year 6,235,611 bushels, against only 3,735,680 bushels in
1 1886. Hence, unlike New Y ork, ihe aggregate grain

arrivals at these ports were larger than a year ago, the
figures being 12,269,477 bushels this year, against only
10, 170,446 bushels last year. The result is, that when we
combine New Y ork with the other ports, we get slightly
heavier grain deliveries at the seaboard this year than
last, notwithstanding the large decline in corn. Thus the
aggregate for the four ports is 20,916,683 bushels in 1887,
and 20,426,596 bushels in 1886 ; in 1885 the total was
21,271,782 bushels.
The variations in the amounts contributed by the differ,
ent roads are hardly less striking than the changes in the
different cereals. In fact, the latter may be assumed to
be in part the cause o f the former. The Lackawanna’s
proportion, for instance, is this year only 6-17 per cent,
while last year it was 24-15 per cent. T o be sure the
latter was an exceptional and extraordinary figure, yet
both that large ratio and the present small ratio would
seem to find a common explanation in the marked change
that has occurred in the item of corn. This will appear
the more evident when we say that the Lackawanna alone
last year brought in more corn than all the roads com ­
bined this year ; moreover, the deliveries o f corn by it
then were 1,677,600 bushels, while this year they were
but 54,450 bushels. W ith this explanation we give th e
following, showing the percentages and amounts by each
o f the various routes to New Y ork .
RECEIPTS OP GRAIN AT

1887.
March.
N. Y.Cent...bush. 2,473.340
28-60
Per cent.
Erie.............bush. 1,770,420
20-48
Per cent.
Ponnsylv’ti. .bush. 1,283,200
14-84
Per cent.
533,773
Del. L. ft W..bush.
6-17
Per oent.
1,381,350
15-08
Various RRs.bush. 1,149,325
13-29
Per cent.

479

THE CHRONICLE.

A pbil 16, 1687.J

reason for this falling off is found, first in the diminished
total movement, and, secondly, in the increased amounts
going to the West Shore and the Lehigh Valley. The
increase on the W est Shore, we need hardly say, to that
extent offset the decrease on the Central. Here is the
table in full.
RECEIPTS OP GRAIN AT NEW YORK BY ROUTES JAN. 1 TO MARCH 31.
Jan. 1 to
Mar. 31.
N. Y. Cent. .
Per ct.
Erie...........
Per ct.
Pennsylv’a..
Per ot.
D e l.L .& W .
Per ct.
Var’us RRs..
Per ot-

1887.

1880.

1885.

1883.

1884.

Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
6,515,493 9,079,310 10,783,278 8,808,275 12,402,708
4709
38-20
52-97
30-39
30-70
4,802,298 5,411,051 0,300,039 3,213,781 7,871,001
29-90
22-37
19-33
22-41
21-91
2,392,109 3,089,032 4,910,417 1,741,873 3,673,734
13-93
17-42
12-50
10-47
11-10
1,615,444 4,239,007 2,507,443 1,180,419 1,270,894
4-32
9-11
7-09
7-54
17-10
fi 887,362 1,030,410 2,860,062
0-63
10-15
295,906
239,755
974,173
2,983,937
947,841
0-91
1-05
394
5-70
13-92

1882.
Nuskels.
9,058,797
54-71
5,442,444
30-84
1,865,861
10-58

229,241
1-29

Total RRs. 21.190,043 24,430,789 27,723,745 15,892,189 25,158,752 17,191,343
90-07
98-30
98-90
95-56
97-49
98-89
Per ot
461,469
877,100
738,390
455,006
272,114
237,250
Rlv,ft coast..
3‘33
1-64
4-44
Per ct.
1-11
1-10
2-58

Total all... 21,433,899 24,702,903 28,185,214 10,030,579 20,335,912 17,040,949

W ith reference to the earnings from the grain traffic, a
heavy contraction in revenue o f necessity follows from the
facts stated. Last year the tariff was observed at 25 cents
per 100 lbs. from Chicago to New Y ork . This year the
NEW YORK B Y ROUTES DURING MARCH.
official figure was 30 cents, but the rates on actual busi­
1886.
1885.
1884.
1883.
1882.
ness fluctuated all the way from 17£ to 25 cents, ruling,
3,308,085 4,528,692 3,311,041 4,528,383 2,930,128 however, most o f the time at 20 cents and above.
A fter
32-85
30-85
52-73
44-28
57-98
2,051,292 8,135,085 1,257,120 3,230,848 1,300,806 careful examination, we place the average for the month
20-00
25-51
20-02
31-05
25-09
On the basis of this difference in rates, and
1,051,823 2,425,499 658,501 1,200,808 533,031 at 21 cents.
19-74
10-49
10-25
11-74
10*52
the actual weight o f the deliveries by each road, we get
858,700 760,009
2,477,680 685,282
the follow ing as showing approximately the revenue
5-58
24-15
5-71
7-49
655,595 1,233,040
secured.
0-89
470,095
4-65

10-03
131,278
1-07

414,649
0-01

86,291
0-84

73,837
1-45

Total RR..bush. 8,591,474 10,080,070 12,139,470 6,000,088 9,818,459 4,843,802
99*36
9829
Per cent.
98-78
95-56
90 00
95-04
River ft coastw.bu.
55,732
175,474
150,546 278,797
408,105 219,528
Per cent.
0-64
1-71
1-22
4'44
4-00
4-30
Per cent.
Total all ...bush. 8,647,206 10,250,150 12,290,022 6,278,880 10,326,50* 5,063,330
N ote .—In the above table flour has been reduced to grain ou the basis

of 4*2 bushels to a barrel, and no distinction made in the weights
of th® diflerent kinds o f bushels, all being added together on the same

APPROXIMATE EARNINGS FROM THROUGH FREIGHT TONNAGE.

March
1887.
New York Central..........
Erie.................................
Pennsylvania..................
Del. Lack, ft West........
West Shore....................
Total..........................

1880.

Jan 1 to Mar. 31.
1885.

1887.

1880.

1885.

9
9
9
9
9
9
128,000 207,000 204,000 384,000 552,000 480,000
92,000 120,000 141,000 271,000 828,000 284,000
06,000 65,000 109,000 130,000 189,000 225,000
28,000 152,000
31,000
92,000 261,000 112,000
71,000 40,000
55,000 101,000 100,000 125,000
385,000 590,000 540,000 1,018,000 1,430,000 1,232,000

A s compared with 1886, there has thus been a loss o f
$205,000
on the five roads fo r the month of March, and
Evidently the lower rates at which the trunk lines took
of
$412,000
for the three months. Only the W est Shore
business during the month this year had very little effect
has
a
gain
for
the latter period, but for March the Pennsyl­
on the operations o f the Lehigh Valley, for the various
vania also has a slight increase ($1,000). The Lackawanna
or miscellaneous roads delivered 1,149,325 bushels, or
13- 29 per cent of the whole, against only 476,095 bushels, it would seem must have lost no less than $124,000 on
or 4-65 per cent, in 1886. The present exhibit is particu­ the grain traffic during the month; the Erie lost $34,000;
larly noteworthy, however, in showing that the Pennsyl­ the Central $79,000, but there was a gain o f $31,000 on
vania is once more coming to the front, it having, in the the W est Shore, reducing the loss to $48,000. W h at
face o f the falling off in the total deliveries, brought in makes these losses particularly significant is that the roads
more grain than a year ago, and thus increased its ratio to should so generally report larger total gross earnings in
14- 84 per cent, from 10-25 per cent in 1886. The New Y o rk the face o f the contraction in that item o f traffic.

basis.

Central lost, but in percentage (though not in amount)
this was more than made good by the gain in the ratio o f
RAILROAD EARNINGS IN MARCH.
the W est Shore. The two Vanderbilt lines together fu r ­
Like that for January, only in much stronger degree,
nished 44-58 per cent of the whole this year, against the March exhibit o f earnings is among the very best we
39-24 per cent last year.
have ever had. The increase on the 111 roads embraced
For the first quarter o f the year, the showing is much in the statement reaches the large amount o f 4 1-5 million
the same as for March, except that owing to the unfavorable dollars— in exact figures, $4,184,370. Only 13 roads show
comparison in January and February, the Pennsylvania smaller earnings than in March a year ago, and the total
records a diminished instead o f an increased ratio. The decrease on them all falls short of $78,00.0.
In FebruW est Shore and the miscellaneous roads have gained, ary, the increase was only $1,736,726 (101 roads), while
but the others have lost— the Erie, however, not in per­ in January it was $3,828,-885 (97 roads).
centage. In amounts the losses of the four leading roads
W h en we find such an exceptionally favorable showing
are very heavy, that of the Central being over 2£ million I — the ratio of increase is just 1,7 per cent— we naturally
bushels, as also that o f the Lackawanna.
O f course t h e ' look for some special circumstance or circumstances




480

THE CHRONICLE.

either in the comparison or the conditions prevailing, to
explain it. In a time o f industrial activity like the
present, larger earnings are expected, but it is only when
this favoring influence as to the state o f general business
is reinforced by other factors, special or transient, that
the gain between one year and another reaches the large
proportions now shown. In January this special circum stance happened to be the difference in the weather between
the two years. In August, when we had a similarly
heavy gain, a large yield o f winter wheat in 1886 con­
trasted with a small yield in 1885, accounted for the .
great improvement. So in March there were special and
exceptional factors at work both to swell the amount and
aid the comparison.
In the first place, there was the increase o f freight
shipments caused by the desire of merchants and shippers
to get their goods forward before the Inter-State law went
into effect and caused a raising o f rates. This was
undoubtedly an influence o f much force. But still another
consideration to be remembered is that we are comparing
with rather poor results a year ago, March 1886 having
marked the beginning o f the great Southwestern strikes
and the labor troubles generally. Particular roads suf­
fered most from the effects of these conditions, but the
entire railroad system o f the country was more or less
adversely affected. The number o f roads, too, that sus­
tained direct losses of earnings is greater than generally
supposed. Take the A lton & Terre Haute, for instance,
both main line and branches, which for the 4th week o f
March show such large ratios of gain. These roads had a
very heavy decrease in that week last year, arising out o f
the troubles at and around St. Louis. It does not matter
that the increase now is heavier than the decrease thenThe fact remains that by far the larger part o f the gain
in that case is exceptional, the result of special circu m ­
stances, A nd so it is with a good many other roads, the
Louisville & Nashville, for example, having had trouble
at both Evansville and St. Louis. A s bearing upon the
same point, it is to be noted that the gains the present
year were largest in the 4th week, just the part o f the
month in 1886 when the labor troubles were exerting the
most influence upon earnings.
A s concerns the traffic conditions which ordinarily g o v .
ern, the cotton movement, as measured by the receipts at
the Southern ports, did not equal that o f 1886, though
exceptions are to be noted, such as New Orleans, where
the total was greater than a year ago; but the gross over­
land movement was heavy everywhere. In grain there
was a larger movement o f wheat and o f oats, but a
decided falling off in corn, and also a decrease in barley
and rye, so that on the whole receipts at the W estern ports
fell below those of 1886. In a word, then, taking the roads
in a body, there was no special favoring influence beyond
the activity o f general trade, the magnitude o f the gains
being due in part to the stimulus to shipments caused by
the Inter-State law, but even in a greater degree to the
result o f the exceptional state o f things ruling in March
last year. It should be said, moreover, that March showed
only small gains in several years preceding, as may be seen
from the following.
Mileage.
Period.

Mar., 1880 (GO roads)
Mar., 1881 (42 roads)
Mar., 1882 (53 roads)
Mar., 1883 \65 roads)
Mar., 1884 (53 roads)
Mar., 1885 (58 roads)
Mar., 1886 (63 roads)
Mar., 1887(111 roads)

Tear
Given.

Tear
Preceding.

Mile».

Miles.

32,208
43,232
51,622
39,291
45,392
47.C69
61,901

27,967
37,738
47,301
36,025
43,624
45,974
68,864




Pamings.
Tear
Tear
Given. . Preceding.
$
16,900,806
14,714,286
20,377,285
25,836,925
16,345,626
17,290,874
17,955,075
28,781,619

Increase or
Decrease.

$
13,175,604 Inc.
13,542,930 Inc.
16,731,111 Inc.
22,085,760 Inc.
17,276,001 Dec.
16,587,835 Inc.
17,747,728 Inc.
24,597,210 Inc.

$
8,724,702
1,171,356
8,646,174
3,751,165
930,375
702,539
207,847
4,184,370

[VOL. XLIY.

The follow ing table gives in detail the earnings and
mileage o f each individual road.
GROSS EARNINGS AND MILEAGE IN MARCH.

Gross Earnings.
Hame o f Rood.
1887.

1886.

M ileage

Increase
Decrease. r 1887

1886.

9
$
9
Atch. Top. & 8. F e ...
1,735,62 l 1,309,35 2 + 426,26 ? 2,44 B 2,418
Atlantic & P a c ific ...
229,72 3
127,42
+ 102,30
81 3
818
Buffalo N. Y . & Phil.
208,00 )
204,741i
+ 1 ,2 5 ' 7
66 3
663
Buff. Koch. <fe P ittsb.
155.76 5
120,391
+35.365
29
294
Burl.Ced.Rap. & No..
286,87. 1 241,941
+ 44,93 2 1,03
990
Cairo Vine. & C h ic...
63 ,5i: 3
48,455
26
+15,061
265
California Southern.
142,48
56,65«
+ 85,8 2:
27!
273
Canadian P acific___
655,00<)
635,76’
+ 19,2 3! 4,21< 3,527
Cape F ’r & Yadkin V
22,45!S
20,955
+ 1,49(
17!
155
Central Io w a ............
130,281
111,62«
50!
+ 18,66(
509
Chesapeake & Ohio.
346,69'
338,15«
+8,543
so:
502
Eliz. Lex.& Big 8 an
75,35«
74,28«
13i
+87C
139
Ches. Ohio & So. W..
152,64«
139,00«
+ 13,64«
39!
398
Chicago & Atlantic ..
213,76(
130,08«
26«
+83,67«
268
Chic. & Eastern 111. ..
168,07«
143.023
+25,051
24 '
247
Chic. Milw. & St. Paul 2,212.001 2,033,61«
+178,38« 5,27« 4,933
Chicago St. L. & Pitts
475.521
384.96C
+90,561
63f
635
Chic. <fe West M ich ....
127,97f
129,25«
413
—1,277
413
Cin. Ham. & Dayton.
289,922
242,154
+47,768
35«
354
Cln. Ind. St. L. & C h..
231,88(
228,208
+3,671
297
342
Cin. N.O. A T e x .P a o ..
272,258
243,870
33«
+28,388
336
Alabama Gt.8outh..
119,213
98,839
+ 20,37«
295
295
N.O. & North East..
53,846
55,928
19«
—2,077
196
Vicksb.& Meridian.
42,318
40,878
143
+1,43S
142
Vicksb. Sh. & P a o..
38.491
32,888
17C
+5,60S
170
Cin. Rich. & Ft. W ...
39.95S
32,196
+7,763
8«
86
Cm. Wash. & B alt___
185,466
188,079
—2,613
281
281
Cleve. Akron & C o l...
49,584
43.987
144
+5,597
144
Cleveland & Marietta.
29,682
22,781
106
+6,901
106
Clev. Col. Cin. & Ind.
391,913
299,706
391
+ 92,2 07
391
Col. & Cin. M idland..
25,770
22,323
70
+ 3,447
70
Col. Hook. V. & T ol..
225,290
176,460
324
+ 48,830
324
Danbury & Norwalk.
17.500
16,966
+ 534
36
36
Deny. & Rio Grande.
586.400
497,183
+ 89,217 1,317 1,317
Denv.& Rio Gr. West.
84,800
83,868
+ 932
369
368
Des Moines & Ft. D ...
28,810
31,478
143
—2,668
143
Det. Bay C. & Alpena.
39.000
14,809
164
+ 24,191
83
D etroitLans’g & N o..
101,093
97,384
261
+ 3,709
261
“Det. Mack. & Marq..
11,620
9,775
+ 1,845
151
151
East Tenn.Va. & G a ..
403,030
344.023
+59,007 1,098 ! 1,098
Evansv. & Ind’nap’lis
22,479
12,536
+ 9,94 3
138
138
Evansv. <fe T. Haute..
70,675
58,106
146
+ 12,569
146
Flint & Pere Marq .
233.446
201.677
361
+ 31,7 69
361
Fla. Ry. & Nav. C o ...
93.492
79,579
534
+ 13,913
534
Ft. Worth & Deny. C.
55,850
23,799
194
+ 32,051
144
Georgia Paciflo..........
87,526
64,195
382
+23,331
317
Gr. Rapids <&Indiana.
216,968
165,585
+ 61,3 84
396
396
1Grand Trunk of Can. 1,427,181 1,240,311 + 186 ,870 2,924 2,918
Gulf Col. & Santa Fe.
189,658
146,909
835
+42,749
625
Houston tte Tex.Cent.
181,814
184,529
513
—2,715
513
111.Cen. (HI. D iv .)....
579,318
496,243
+ 83,075 1,159
953
Do (So. D iv.).......
349,723
324,567
794
+ 25,156
711
D o Ced. F. & M ..
8,366
16,804
-8 ,4 3 8
75
75
Do Dub.& S. C ...
78,550
83,206
—4,656
143
143
D o I. F. & S. C ..
55.000
57,764
184
—2,764
184
Ind. Bloom. & W est..
243,511
203.877
532
+39,634
532
Ind. Decatur & S p ....
39,667
28,964
152
+ 10,703
152
*Kan. C. Ft. S. & Gulf
147,013
144,869
+ 2,14 4
389
389
*Kan. C. Sp. & M em ..
110,448
95,724
282
+ 14,7 24
282
“Kan. C. Clin. & S p ...
14.076
11,837
174
+ 2,23 9
174
Keokuk & W estern..
26,119
24.987
+ 1,13 2
148
148
Lake Erie <fe Western.
149,882
107,295
+42,587
386
386
Lehigh & H u d s o n ....
19,915
18,367
63
+ 1,54 8
63
Long Isla n d ...............
196,903
193,824
354
+ 3,07 9
354
Louisv.Evans. & St.L.
92,334
72,897
+ 19,4 37
253
253
Louisville & N ash v... 1,313,445 1,104,950 + 208,495 2,023 2,023
Louisv.N. Alb.& Chic.
191,301
134,940
+ 56,361
520
477
Louis. N. O. & Texas.
152,879
128,040
+ 24,8 39
533
511
Manhattan Elevated.
687,744
604,089
32
+ 83,655
32
Marq. Hough. & O n ..
35.400
29.689
+5,711
160
160
M em p h is* Char’ ton.
115,171
127,948
+ 12,7 77
330
330
(M exican C en tra l___
392,625
344,087
+ 48,5 38 1,236 1,236
(M ex’n Nat. (So. Div.)
101,970
93.410
350
+ 8,56 0
334
Milw. L. Sh. & W est..
234,226
149,138
573
+85,088
551
Milwaukee & N orth..
83,864
57,731
+26,133
243
193
Minn. & N orthwest..
87,034
31,422
280
+55,612
109
Miss. & Tennessee . ..
37,037
40,311
—3,274
100,
100
Mobile & Ohio...........
189,465
166,152
+23,3131
687
687
Nashv. Chat. & St. L.
245,733
187,350
+58,383
600
580
N.Y. Cent. & H u d .R .. 2,919,810 2,759,266 + 160,544 1,441 1,441
N. Y. City & North’n.
45,160
43,620
54
+ 1,54 0
54
N.Y. Ont. & West’n . .104,863
96,903
+ 7,96 0
321
321
Norfolk & W estern...
296,700
246,924
+ 49,7 76
533
511
Northern P acific........
948,198
858,116
+ 90,082 2,895 2,741
Ohio & M ississippi...
378,533
305,759
+ 72,7 74
616
616
Ohio Southern............
51,456
38,946
+ 12,5 10
128
128
Or. R ’y & Nav. C o___ . 449,300
420,858
+ 28,442
742
685
Peoria Deo.&Evansv.
78,391
57,248
254
+ 21,1 43
254
Rich. * D anville.......
370.000
392,514
—22,514
774
774
Va. Mid. D iv ..........
114.000
113,981
355
+ 19
355
Char. Col. & A u g ...
73,800
82,160
—8,360
373
373
Col. & Greenv. Div.
66,200
78,527
—12,327
296
296
West. No. Car. D iv.
41,600
45,605
—4,005
290
274
Wash. O. & W .........
8.500
7,300
+ 1,200
50
50
8t. Joseph & Gd. I s l..
136,963
112.436
+ 24,527
252
252
S t.L.A .& T.H . m.line.
138,752
95,742
+ 43,0 10
195
195
Do
(branches).
74,477
60.410
+ 14,067
188
138
St. Louis Ark. & T ex ..
181,614
143.436
+ 38,128
735
735
St. Louis & San F ran..
547,741
385,767 + 161,974
963
871
St. Paul & D u lu th ....
88,742
82.376
+ 6,36 6
225
225
St. Paul Minn. & Man.
679,803
601,910
+ 77,893 1,853 1,503
Staten Island Rap.Tr.
•45,158
41,366
+ 3,792
21
19
Texas & Paciflo.........
527,224
361,053 +166,171 1,487 1,487
Tol. A. A. & N. M ich.
46,637
28,786
+17,851
172
130
Toledo & Ohio Cent...
76,335
55,952
+ 20,3 83
213
213
V alley of Ohio..........
58,939
45,290
+ 13,6 49
85
85
ITW ab.si.ijouis & Pac
609,797
497,427
+ 112,370
995
99 5
Wheeling & L . E rie..
61,278
48,317
+ 12,961
186
186
Wisconsin Central . . .
190,998
131,919
+ 59,0 79
441
441
Minn.St.Cr’x & Wis.
49,046
21.377
+ 27,669
107
107
Wis. & M inn............
83,623
17,495
+66,128)
176
54
Total (111 roads). 5.8,781,619)514,597,245' (-4,184,370]«11,901 c>8,864
•Includes tliree weeks only of March in each year,
t For four weeks ended April 2.
t Mexican currency.
If Lines west o f the Mississippi.

APBiii 16, 1887, J

THE CHRONICLE.

V ery naturally, the beat returns are made by Southern
and Southwestern roads. The gain o f $166,000 on the
Texas & Pacific (4 6 per cent) may be in part due to the strike
last year, but only to the extent that earnings in 1886
would have been greater than they were, as the 1886
figures did not show a decrease from 1885, but rather
a slight increase.
The cotton traffic, however, would
seem to have been heavier, as the road delivered 22,159
bales at New Orleans in March, 1887, against only 8,741
bales in March, 1886. In the case o f many other Southwest*
ern roads, we have no such special considerations. Thus
there is the St. Louis & San Francisco, which has a gain
of $162,060, or 42 per cent. Then there is the Atchison,
which has a larger gain than any other road in our list,
namely, $426,269. The Atchison’s connections, also, are
showing extraordinary gains, the Atlantic & Pacific having
increased its earnings from $127,427 to $229,728, and
the California Southern from $56,658 to $142,481.
The distinctively Southern roads stand second only to
the roads already mentioned. The Louisville & Nashville
has a large gain, $208,000, though this is in part because
of the strikes in 1886, the loss then having been $176,000.
But the East Tennessee the N orfolk & Western, the Chesa.
peake & Ohio all have gains this year in addition to gains
last year. In fact, nearly all the Southern and Southwest­
ern roads have larger earnings this year than ever before
— a feature that has been noticed in other months. Noth*
ing could illustrate this more strikingly, and at the same
time show the wonderful progress that this section o f the
country is making, than a comparison o f the earnings of
these roads for a series of years past. A ccordingly we give
below the figures o f ten leading companies.
March.
Atch. Top. & S. F.
Chesapeake & Ohio
Bast T. Va. &Ga...
Gulf Col. & S. Fe..
111. Cen. (So. Div.).
Louisville & Nash.
Mobile & Ohio*....
Norfolk & Western
Blchmond & Danv
St. L. & San Fran.
Total................

RECEIPTS OP COTTON AT SOUTHERN PORTS IN MARCH, AND PROM
JANUARY 1 TO MARCH 3 1 , 1 8 8 7 , 1 8 8 6 AND 1 8 8 5 .

March.

Porti.

1887.

Galveston........bales.
In dianola, &e..........
New Orleans.............
Mobile.......................
Florida......................
Savannah...................
Brunswick, &o........
Charleston................
Port Royal, &o......
Wilmington.............
Mo rehead City, &c.
Norfolk......................
West Point, &o......
Total....................

Since January 1.

1886.

1886.

1887.

1880.

1886.

15,499

20,299

111,030

115,460

115,728
7,708
685
28,390
817
10,585
709
2,241
24
18,332
15,300

94,902
7,007
1,000
37,211
488
23,486
1,809
0,051
2,015
36,821
18,312

6,912
370
69,717
4,171
6,434
11,503
24
10,104
193
1,354
82
21,274
6,000

543,028
51,724
6,533
125,140
8,033
35,573
3,387
17,541
447
118,985
90,481

468,232
70,080
14,751
149,940
3,370
74,030
4,121
19,109
3,131
133,522
01,704

61,391
1,280
360,783
47,009
23,843
91,409
1,081
60,950
1,932
10,119
1,633
100,157
33,825

217,090

251,387

138,318 1,113,708 1,124,722

802,012

In the Northwest, the great expansion in the earnings
o f the newer roads, like the W isconsin Central, the Min*
nesota & Northwestern, the Milwaukee & Northern, and
the Milwaukee Lake Shore & W estern still remains the
chief feature. But the returns of some o f the older and
more prominent roads also make a good showing. Thus
the Milwaukee & St. Paul has a gain o f $178,386 (nearly
9 per cent), and the Manitoba a gain of $77,893 (nearly
13 per cent)— both on an enlarged mileage. W hen we
come to make a comparison, however, extending back fo r
a number o f years, we do not find any such record o f
progress as in the case of Southern roads. Of course, this
is not because development in the Northwest has remained
at a standstill, but because o f new competition and the
reduction o f rates. A ccordin g to the following it appears
that the earnings of five leading roads in 1887 were hardly
greater than in 1883, but the St. Paul, the Burlington
Cedar Rapids & Northern and the St- Paul & Duluth have
for 1887 the largest earnings of any o f the years given.

1887.

1886.
1885.
1884.
1883.
1882.
$
*
$
$
«
i
1,785,021 1,809,852 1,348,185 1,404,056 1,415,514 1,203,073
840,697
338,154 208,775 813,542 337,795 215,445
403,030 344,023 324,400 831,109 839,151 248,470
189,058 146,909
93,634 121,070
148,400
81,007
349,723 324,567 419,431
360,150 376,524 809,247
1,813,445 1,104,950 1,280,523 1,187,788 1,140,340 1,008,834
189,465 100,152 190,950
185,275
184,845
148,107
290,700 240,924 220,410
210,298 217,334 174,709
870,000 392,514
360,562 350,129
352,414 339,407
547,741 385,707 807,803 427,533
353,884 271,323
5,742.080 4,759,312 4,872,095 4,897,512 4,866,213 4,059,808

years ^ ° U*8 * ®a*ro Inoluded In 1887 and 1886, but not In previous

This shows that during the years from 1883 to 1886
inclusive, though the earnings o f the individual roads
fluctuated greatly, the aggregate for them all changed
but slightly, being for 1883 $4,866,213, for 1884 $4,897,.
512, for 1885 $4,872,695, and for 1886 $4,759,312. In
March, 1887, we have at one bound an increase to
$5,742,080. In other words, these ten roads have im­
proved on last year in the amount o f about a million dol.
lars. Only three of the roads fail to show for 1887 the
largest earrings on record, and only one fails to show an
improvement on last year. W hile the reports are, however, generally exceedingly favorable, there are some few
Southern roads that show diminished earnings. A m on g
these are the Richmond & Danville roads, the Mississippi
& Tennessee, and the New Orleans & Northeastern. The
decreases are in most cases slight and attributable, it
would seem, either to the activity o f competition or the
falling off in the cotton movement. The latter circum ­
stance certainly must have played an important part in
bringing about a diminution on the Richmond & Dan­
ville lines, as these lines had heavy gains a year ago,
and this year had to contend wita greatly diminished
cotton receipts in their territory on the Atlantic coast,
n t e following table we show the cotton receipts at each
o f the Southern outports during the last three years.




481

1887.

March.
Burl. C. Rap. & No.
Chic. Mil. & St. P.
111. Cent. (I’a lines)
St. Paul & Duluth.
St. Paul Minn. &M
Total..................

1880.
1885.
1884.
1883.
1882.
$
$
2
t
$
$
280,875 241,948 272,369 217,349
252,913 224,107
2,212,000 2,033,614 2,081,or. 1,788,728 2,043,730 1,501,880
141,916 157,774 154,082 142,169 204,934 107,554
88,742
82,370
62,055
72,412
85,589
63,535
079,803 601,910 576,011 702,041
740,113 536,937
3,409,330 8,117,017 3,145,588 2,922,087 8,827,279 2,553,519

W e have not yet alluded to the fact that as regards the
grain movement, the roads to Chicago, though they lost
in corn, made up the loss by gains in other cereals, so that
the total receipts at that point in March, 1887, were
greater than in March, 1886. Tne follow ing table, how­
ever, shows that the aggregate is not up to that of 1885.
Tuere was, though, a much larger provisions movement—
pork, cutmeats, and lard; with however a falling off in the
receipts of live hogs.
RECEIPTS AT CHICAGO DURING MARCH AND SINCE JAN. 1.

March.
.

Wheat, bush
Corn.. bush.
Oats...bush.
Rye. ...bush.
Barley, bush.

1887.
1,100,940
5,193,850
8,779,020
52,109
1,036,341

1880.
027,832
5,620,398
2,442,091
69,620
1,110,380

Total grain. 11.222.878 9,870,333
Flour...bbls.
589,193
309,685
Pork... bbls.
10,787
877
Cut m’ts.lbs. 23.733.878 12,905,712
Lard.... lbs. 11,111,314 0,235,201
LivehogsNo
354,153
419,435

Since Jan. 1.
'

1885.

1887.

1880.
1885.
1,881,158 2,941,838 1,494,808 5,298,377
5,535,055 10,559,045 12,642,978 14,994,893
2,820,110 9,040,124 7,053,420 7,587,998
150,708
137,054
190,418
370,047
1,305,840 8,144,000 3,405,201 3,446,923
11,704,877 25,828,741 24,792,325 81,704,843
659,458 1,071,073
755,743 1,517,853
3,385
28,632
0,730
10,937
9,887,330 05,985,734 43,327,573 43,691,300
2,850,878 28,119,123 19,218,583 13,911,871
402,039 1,294,638 1,500,482 1,010,145

A t other ports the grain movement was much the same
as at Chicago, though some o f them felt the loss in
corn more severely. Especially is this true of St. Louis,
which lost 1,204,469 bushels in that cereal, and gained
only 92,800 bushels in wheat, though also gaining 261,425
bushels in oats and 80,078 bushels in barley. The flour
receipts were larger at every point with one exception,
namely Milwaukee. Here is our usual table, the figures
being for the four weeks ending March 26.

RECEIPTS 0 7 FLOUK AND GRAIN FOR FOUR WEEKS ENDED MARCH 2 6
A lto 'SINCE JANUARY 1.

Flour,
(bbU.)

Wheat,
(bush.)

CMcaoo—
4 wks. Mr r., 1887 488,702
4 wks. Mar., 1880 265,512
Since Jan. 1,1887 1,550,088
708,817
Since Jan. 1,1860
Milwaukee—
4 wks. Mar., 1887 240,907
4 wks. Mar., 1880 280,754
503,500
Since Jan. 1,1887
Since Jan. 1,1880 755,789
St. Louie—
4 wks. Mar , 1887
98,284
4 wks. Mar., 1880
02,080
Since Jan. 1,1887
240,200
150,825
Since Jan. 1,1880
Toledo—
21,838
4 wks. Mar., 1887
10,807
4 wks. Mar., 1880
68,143
Since Jan. 1,1887
49,005
Since Jan. 1,1880
Detroit—
4 wks. Mar., 1887
13,983
4 wks. Mar., 1880
10,600
Since Jan, 1,1887
42,323
30,412
Since Jan. 1,1880
Cleveland—
4 wks. Mar., 1887
10,803
4 wks. Mar., 1880
15,918
Since Jan. 1,1887
45,000
Since Jan. 1,1880
42,043
Peoria—
5,260
4 wks. Mar., 1887
4 wks. Mar., 1890
6,155
Since Jan. 1,1887
20,970
Since Jan. 1,1880
13,195
Duluth—
Since Jan. 1,1887
Since Jan. 1,1880

Corn,
(bush.)

Oats,
(bush.)

Barisi/,
(bush.)

Rye,
(bush.)

GROSS EARNINGS FROM JANUARY 1 TO MARCH 3 1 .

Name o f Road.
Atch. Topeka A 8. F e ...

897,722 4,215,108
504,103 6,320,328
2,658,923 9,499,039
1,402,092 12,180,608

3,311,401
870,090
2,230,593 905,701
8,428,217 2,945,572
6,788,110 3,250,023

45,430
62,001
128,750
186,131

111,360
37,920
318,210
173,590

179.950
183,780
85,604
384,695
539.950 711,055
800,804 1,412,700

11,540
23,160
37,000
77,050

416,031
478,218
1,750,700
1,120,894
272,270
170,479
922,388
685,333

1,400,921 590,035
2,095,300 838.210
6,127,017 1,813,170
6,217,713 1,050,827

832,780
270,877
798,070
645,211

800,029
812.250
700,223
1,021,383

890,009
877,180
1,143,526
1,060,490
205,720
195,453
502,820
492,003
67,050
80.3o0
102,250
72,000

180,878
106,800
744,982
381,735

15,030
21,511
65,140
74,181

13,424
19,879
49,485
05,846

14,198
20,817
50,585
81,150

17,728
4,646
32,528
21,854

392,903
273,549
709,448
1,234,333

173,448
130,838
831,169
405,980

111,703
84,072
310,502
257,021

119,000
122,030
281,100
425,090

189,000
85,720
311,100
258,620

29.400
20,550
60,427
06,803

1,020

474,200 '888,850
!591,460
044,105
1,417,050 1,810,20»
2,288,515 2,089,350

88,200
49,800
198.000
158,400

28,700
19,300
05,450
60,000

71,855
272,982
1,340,588
893,431

Total of all—
894.777 2,048,906
4 wks. Mar., 1880 047,743 2,308,102
4 wks. Mar., 1685 097,917 8,710,602
Since Jan. 1,1887 2,482,941 9,219,830
Since Jan. 1,1880 1,750,740 0,382,504
Since Jan. 1,1880 1,948,507 14,234,451

4 wks. Mar., 1887

7,104,121
9,353,528
10,176,401
19,118,687
23.547,582
28,531.078

5,306,698
8,539,009
4,175,871
12,788,321
10,859,537
11,335,085

1,490,255
1,071,435
1,811,924
5,033.123
5,607,838
4,072,160

120,854
130,878
200,072
331,088
419,816
697,580

Buffalo N. Y . A P h il. . . .
Buffalo R och. & P itts ...
Burl. Cedar Rap. A N o..
Cairo Vincennes & Chic.
Canadian P acific............
Cp. Fear & Yadkin V a l..
Chesapeake A Ohio.......
Eliz. Lex. A Big Sandy.
Chic. A Eastern Illinois.
Chicago Milw. A St.Paul
Chio. St. Louis A P itts..
Cin. Ham. A Dayton ..
Cin. Ind. St. L. A’ Chio...
Cin. New Orl. A Tex.Pac.
Alabama Gt. South’n..
New Orleans A No. E ..
Vicksburg A Meridian.
Vicksburg Sh. A P a o ..
Cin. Rich. A Ft. W ayn e.
Cin. Wash. A Baltimore.
Cleveland A M arietta..
Col. A Cin. M id la n d .....
Col. Hock. Val. A T o l...
Danbury A Norwalk___
Denver A R io G ran de...
Denv. A R. G. Western..
Des Moines A Ft.Dodge.
Det. B ay City A Alpena
Detroit Lansing A N o...
East Tenn. Va. A G a___
Evansv. A T. H aute.......
Flint & Pere Marquette.
Florida R ’y A Nav. C o..
Ft. Worth & Denv. City.

Notwithstanding there were, taken together, no gains
on the grain movement, and that through rates pending
the changes made necessary by the Inter-State law were
much demoralized, the roads in the Middle W estern
States— the territory o f the Central Traffic Association—
and their eastern connections, the trunk lines, nearly all
make very good returns. The New Y o rk Central has a
gain of $160,544 (not quite 6 per cent), but the Cleveland
Columbus has a gain o f $92,207 (over 30 per cent). Some
o f the W estern lines have increased their earnings in a
very noteworthy way. A m on g these may be mentioned
the Chicago & Atlantic, the Eastern Illinois, the Evans­
ville & Terre Haute, the Hamilton & Dayton, the Ohio &
Mississippi, the A lton & Terre Haute and the W abash,
the latter o f which were adversely affected b y the strikes
a year ago. These Middle W estern roads make much the
same comparison with previous years as the Northwestern
roads— that is, they show aggregate earnings above 1886
and the years immediately preceding, but only a trifling
improvement on 1883. Subjoined is a table embracing

Grand Rapids A I n d . . ..
1Grand Tr. of C anada...
Gulf Col. A Santa F e___
Houst. A Tex. C entral..
111. Cent. (111. D iv .)_____
Do
So. Div. ..
Do Ced. F. A M ...
Do
Dub. A S . C ...
Do
Iow a F. A 8.C.
Indiana. Bloom. A West.
Indianap. Dec. A Spring.
*Kan. City Ft. S. A Guif.
*Kan. City 8p. A Mem..
*Kan.City Clin.A Spring

twelve roads.

Ohio A Mississippi.........

March.

¡you xu>

THE CHRONICLE

482

1887.

1886.

1886.

1884.

1883.

t
168,074
127,979
289,922
231,880
225,290
101,003
70,675
233,446
210,969
579,318
138,752
74,477

3
143,023
129,356
242,154
228,209
176,460
•7,384
58,106
201,677
165,585
496,243
95,742
60,410

$
140,726
112,839
234,174
221,186
214,329
97,757
60,818
158,108
155,992
555,369
113,951
68,058

1
111,048
136,575
229,777
201,150
181,910
115,689
68,509
218,759
185,798
484,453
125,129
74,227

8
139,583
149,465
273,465
226,484
244,463
139,914
68,911
233,366
201,104
555,409
133,093
80,951

1882.

Lake Erie A W estern. . .
Louisv. Evansv. ASt.L..
Louisville A Nashville..
Louisv. New A lb.A Cldc.
Louisv. N. O. & T exas..
Manhattan E le v a t e d ...
Marq. Houghton & Ont.
Memphis A Charleston..
J Mexican Central..........
tMexican Nat. (So. Div.)
Milw. L.Shore A West’n.
Milwaukee A Northern.
Minn. A Northwestern..
Mississippi & Tennessee.
Nashv. Chatt. A St. L ...
N. Y. Central A H . R ,...
New York City A No___
N.Y. Ontario A West’n . .

Oregon R ’y A Nav. C o..
Peoria Decatur A E v ...
Riohmond A D an v ille...
Va. Mfid. D iv ...

8
130,S31
Chicago & East.Ill.
188,189
Col. A Greenv. D iv___
Chic. & W. Mich...
West. No. Car. D iv ___
232,502
Cin. Ham. A Dayfc’n
201,723
Cin. Ind.St.L.ACh.
St. Joseph A GPd Isl’d . .
191,358 S d.L. A. A T.H. main line.
Col. H. Val. k Tol.
138,298
Det. Lansing k No
Do do (branches)..
06,422 St. L. Ark. A T exas........
Evansv.A Terre H.
196,814 St. Louis A S. Francisco.
Flint A P. Marq...
200,169
Grand Rap. & Ind.
518,673 St. Paul Minn. A M an ...
111. Cent. (111. Div.)
Staten Island Rap. Tran.
101,747 Texas A P acific...............
St. Louis A. k T.H.
75,862 Tol. A. A. A No. M ich...
Branches...........
Tnl Jr Ohio Central___
Total................. 2.457,875 2,094,249 2,139,307 2,133,024 2,446,208 2.188.088
ITWabash St. L. A Pao .
F or the first quarter o f the year, including as it does W
heeling A Lake E rie..
Buch favorable exhibits for the separate months, we have a Wisconsin Central..........
Minn. St. Cr. A W is ...
Wisconsin A M inn—
very good showing as a matter o f course. In point of

1887.
9
4,271.883
545,764
579,957
394,002
703,021
172,000
383,110
1,809,139
67,352
338,153
958,789
220,225
423,047
509,779
465,142
5,228,000
1,327,718
308,131
745,673
644,719
790,300
371,509
177,480
139,411
145,445
95,786
529,102
122,907
78,614
939,015
79,215
630,121
45,641
1,684,335
227,076
79,186
89,478
246,890
42,174
1,221,800
177,921
578,341
281,577
133,508
263,079
508,661
4,077,688
564,922
583,174
1,638,901
1,046,566
23.845
198,148
145,276
628,797
109,217
582,814
427,778
52,745
73,533
365,321
60,506
509,448
221,199
3,711,991
475,338
550,172
1,937,811
99,441
409,569
1,201,203
271,739
535,665
213.233
215,950
124,447
625,979
737,288
8,089,351
128,782
281,433
875,309
2,045.347
984,780
150,860
964,399
212,722
1,062,090
335,439
222,006
177,456
141,086
23,000
305,707
352,552
213,329
510,094
1,331,262
278,783
1,573,862
125,401
1,541,607
115,275
240.025
146,028
1,470,156
163,636
441,309
107,314
191,162

1886.

| Increase. Decrease.

1

9
9
3,228,962 1,042,921
344 933: 200,831
33,879
546,0781
350,704!
4-3,798
627,054:
75,967
48.512
123,488
130,377 252,733
1,621,5811 187,558
58,8441
8,508
296,892
41,261
86,225
872,564
23,012
197,1931
53,148
369,899
346,683 163,091
57,094
408,048
5,042,689 185,311
1,075,797 231,921
308,857
95,723
649,950
623,372
21,347
649,878 140,422
82,127
289.382
169,564
7,916
7,474
131,937
118,831
26,614
11,621
84,165
477.224
51,878
9,237
113,670
11,180
67,434
84,834
854,131
13,790
65,425
497,458 132,663
45,586
55
1,329,834 354,501
211,458
15,618
____
81,829
35,967
53,512
252,611
5,297
36,877
1,009.440 212,360
154,734
23,187
66,721
511,620
251,812
29,765
74,215
59,293
74,402
183,677
89,504
419,157
3,686,088 391,600
436,920 128,002
19,141
564,033
1,452,009 136,895
1,009,303
37,263
37,530
202,300
133,204
12,072
578,896
49,901
96,082
13,135
78,681
504,133
288,292 139,486
40,111
12,634
65,973
7,560
307,995
57,326
10,046
50,460
24,472
484,976
187,111
34,088
3,204,902 507,089
362,243 113,095
426,998 123,174
1,733,230 204,581
21,834
77,607
73,000
336,569
938,545 262.663
36,663
235,076
346,749 188,916
69,976
143,257
66,928 149,022
109,732
14,715
517,554 103,425
557,521 179,767
7,342,201 747,150
13,305
115,477
254,690
26,743
687,619 187,690
1,932,686 112,661
854,368 130,412
23,145
127,715
961,260
3,139
40,065
172,657
1,017,554
44,536
313,431
22,008
230,580
212,258
122,487
18,599
18,700
4,300
26,896
278,811
283,424
69,123
33,551
179,778
407,459 102,635
946.623 384,639
71,900
206.883
1.422,259 151,603
110,920
1 4 ,i8 l
1,223,196 318,411
38,743
76,527
80,437
159,588
120,417
25,611
1,298,140 172,016
32,524
131,112
121,411
319,898
58,227
49,087
40,293 150,864

$

____

728

....... .

2,643
............
5,721
........

........
........

.......
13,885
4,152

........
_____

..........

........
8,574
34,802

........
........

........

70,503
Total (110 r o a d s ).... 76,995,251 66,147,316 10918438
fact, to indicate how decided and general the im prove­
110847935
Net in crea se....................
ment has been all over the country, we need only say that
* Includes three weeKs only o f March in each year,
t To A pril 2. t M exican currency.
H Lines w est of the Mississippi.
out o f the 110 roads comprised in the statement below,
only seven record lower earnings than in the first quarter
o f 1886, the total decrease on the whole seven being only
NORFOLK <k WESTERN.
$70,503. The others all have gains, and the net increase
W e give up considerable space this week to the annual
on the 110 roads reaches $10,847,935, or about 16^ per report o f the N orfolk & W estern railroad. This property
has been developed in so quiet a way, and there has been
cent.




A pril 16, 1887.J

483

THE CHRONICLE.

EARNINGS FIRST WEEK OF APRIL.

such an absence o f display about its new w ork and
For the first week of April the comparison o f earnings with
extensions, that one hardly appreciates the full measure of
last year is exceedingly favorable, the fifty roads below show­
the progress „ that has been made till reading President
ing a gain of $761,551, or almost 33 per cent. It must be re­
Kimball’s summary o f what has been done.
membered, however, that the Inter-State law caused a great
Mention has been made recently of the contemplated con­ increase of business this year, and that last year earnings were
nection with the Louisville & Nashville, and undoubtedly reduced by the strikes, so that the comparison is with small
this will be a good thing in furnishing an outlet to Louis­ figures then. As affording some idea of the importance of the
ville, the W est and the Northwest. Other connections are latter circumstance, we may say that of the fifty roads report­
ing this year for the first week, thirty reported last year, and
also*spoken of which will have the same effect, while the
of these thirty seventeen then showed a decrease.
arrangement for reaching the South and Southwest con­
tinues undisturbed, notwithstanding the acquisition of
Increase. Decrease.
1886.
1887.
1 si week o f April.
the East Tennessee b y the Richmond & Terminal. But
$
9
$
9
5,800
41,600
47,400
the main work o f the managers has been in an entirely Buffalo N. Y . A Pliila . . . .
13,066
23,632
36,698
Buffalo Rooli. & P ittsb ...
í¿,484
10,138
12,622
different direction. Knowing the importance of local or Cairo Vincennes & Cine .
24,500
10.000
31,500
California Southern.........
85,000
163,000
198.000
way traffic to a road, they have addressed themselves Canadian P acific..............
29,978
29,120
59,098
6,554
33,448
40,002
chiefly to developing local resources and satisfying local Chicago A East. Illinois..
109,714
Chic. St. P. Minn. & O ....

541,000

431,286

■'” '510

24,129
23,619
Chicago A West M ic h ---needs.
9,030
50,083
59,113
Cincinnati Ham. & D a y ..
" ''2 3 4
44,
80
44,546
To this end three things were necessary. (1) A well Cin. Ind. St. L. A Chio___
1,292
5,918
7,210
Cincinnati Rich. A Ft. W.
4,376
34,216
planned system o f branches; (2) the adoption o f a libera Cincinnati Wash. & Balt.
38,592
1,618
9,380
.............
10,998
Cleveland A kron & C ol..
1,722
3,287
policy with regard to rates, so as to stimulate industrial
5 009
12,531
.............
111,844
124,375
Denver
&
Rio
Grande___
development; (3) improving and strengthening the system, Des Moines A Ft. Dodge.
270
5,362
5,632
" 3 ,5 2 8
18,772
15,244
Lansing & Northern.
so as to perform satisfactorily and economically the in­ Det.
1,495
3,070
4,565
Detroit Mack. A M a r q ...
36,282
48,161
............
84,443
East
Tenn.
Va.
A
G
a.......
creased service required o f it. W e have not the space to Flint A Pere Marquette..
4,940
43,046
47,986
7,372
7,598
14,970
Ft. Worth A Denv. C ity..
go into details, but to show how well the first point has Grand
7,480
.............
32,654
40,134
Rapids A In d .......
1,104
44,099
........... »
45,203
been accomplished we need only refer to the building o f Indiana Bloom. & W est..
3,625
58,106
61,731
4,487
13,513
18,000
the New River Division, the Pocahontas Flat Top coal Louisv. Evansv. A St. L . .
92,535
194,590
287,125
Louisville A N ash ville...
6,380
28,190
34,570
Louisv.
New
Alb.
&
Chio.
from that region having already acquired a reputation
12,537
18,548
31,085
Memphis A Charleston...
13.221
68,990
8
2
,2
ll
extending far beyond local boundaries, and to the building
22,258
33,420
55,678
Milwaukee L .8. 4 W est..
5,1321
12,944
18,076
o f the Cripple Creek extension, where ores suitable for the Milwaukee & Northern ..
16,789
5,619
22,408
Minnesota A Northwest.
2,068
9,039
11,107
manufacture of Bessemer pig are found. W ith reference N. Y. City A N orthern. . .
4,250
21,912
26,162
N. Y. Ont. A W estern----26,882
53,222
to the need for reasonable rates, how well that has been met Norfolk A W estern..........
80,104
70,500
229,520
300,020
Northern Pacific................
16,596
may be judged from the fact that the average rate per ton
75,665
59,069
3,001
10,458
13,459
Peoria Dec. A Evansville
per mile on all kinds o f freight in 1886 was down St. Joe. A Grand Island..
149
25,136
25,285
22,097
20,581
42,678
St. Louis Ark. A Texas ..
to the extraordinarily low figure o f 655 thousandths St.
43)434
63,907
107,341
Louis A San. Fran—
3,284
23,090
26,374
of a cent— that is, only about five-eighths o f a T ol.Ann A rbor ANo.Mlch.
2,283
6,252
8,535
5,530
10,549
16,079
Toledo A Ohio C entral. ..
cent per ton per mile. In 1881 the average was Wabash
28,220
86,612
114,832
St. Louis A Pao.
4,363
9,315
13,678
Wheeling
A
Lake
E
rie..
.
.
almost a cent and a half (1’450). A s to putting
8,289
29,857
39,146
4,780
4,513
9,293
Minn. St. Croix A W is..
the system in condition to do the increased work imposed
14,616
4,241
18,887
W isconsin A Minnesota
upon it, note that with the exception o f two small
4,272
765,823
Total (50 roads).......... 3,079,488 2,317,937
761,551
branches the entire track is now laid in steel, that new Net increase (32-85 p. ct.i
sidings, new turn-tables and increased yard facilities have
been furnished, old stations replaced with new ones^ p t o t t e t a v g i f f i o m r a e i x i a r g t t s X i s t o f i e r o s
increased real estate and terminal facilities acquired,
f From our ow n correspondent.!
especially at Norfolk, and the equipment improved and
L o n d o n , Saturday, April 2, 1887.
enlarged.
The
week
just
concluded
has been altogether uneventful in
The effect o f such management upon the road’s business
is, that the traffic has increased, so that in 1886 the freight its character. No fresh developments, whether political, com ­
mercial or financial, can be reported. A rather quieter tone
tonnage was 1,555,867 tons, against only 538,102 tons in
seems to have prevailed in business circles, and some restric­
1881, and the tonnage mileage 403 million tons, against tion of Stock Exchange dealings is also noticed. The expecta­
120^ million tons— an increase o f over two hundred per tion that the speculation observed in stocks and shares a few
cent in five years. In the same period the gross earnings days ago would become more pronounced has not been real­
have risen from $2,267,288 to $3,252,056. Net earnings, ized. And what has taken place in Stock Exchange circles
has been about equally reproduced in the manufacturing dis.
however, owing to the low rates received, and the small
tricts. Iron has been a weak market, and there has hardly
profit that this left— the profit per ton per mile in 1886 was been so much steadiness in the woolen and cotton industries.
only 263 thousandths o f a cent, against no less than This pause—for it can hardly be looked upon in any other
716
thousandths
in 1881— owing
to
that
fact light than a pause—-is rather disappointing, as we were calcu­
net earnings have increased only from $1,104,056 to lating upon the improvement in trade being more clearly
$1,291,147. This, together with the increase o f charges defined with the approach of spring.
But although for the moment a quieter tone is undoubtedly
entailed by the new extensions, has prevented the stock­
prevalent, there is no reason why the optimist views respecting
holders thus far from reaping any substantial results, so the future should be abandoned. A feature o f the present
that they have had no dividends since 1884. But these revival in trade is that it has made very slow progress. Everyfacts seem to warrant the inference that the road is where extreme caution has been utilized in adjusting operar
only in the first stage o f its development. U p to the tions. The times have been too stirring from a political point
present time the coal traffic has expanded most. From of view for the rash indulgence in wild speculations which
might result in irretrievable disaster. Due regard has also
this date much is expected from the ore traffic. W e note»
had to be paid to the extended ramifications of German com­
too, that the report says that 40 new coke ovens have been petition, the strength of which has now become so pronounced
erected and that more than 1,000 additional ones are in that if orders for goods are to be secuiel they must be
accepted at prices which a few years ago would
process of construction.




484

THE OHKOMÜLJK.

fV O L .

XLTV,

have been considered almost ruinous.
Much greater
GOLD.
8ILVBR.
care and caution aré consequently requisite in conducting London Standard. Mar. 31. Mar. 84 London Standard. Mar. 31. Mar. 24,
*.
d
all business operations. Besides, with the improved means
d.
d.
Bar gold, fine., .ox.
77 9
Bar silver......... ox. 44 5-16
44*
for inter-communication, the necessity for long credits has Bar gold, oontatn’g
Bar silver,containbeen obviated. This, of course, brings trade into a sounder
90dwts. silver.oz. 77 10
77 10
lng 5 grs. gold.oz- 45 11-16
46*
Cake silver .. .ox. 47 13-16
condition; but on the other hand it cannot be denied that Span. doubloons.ox.
48*
S.Am.donbIoon8.oz.
Mexican dels...ox. 43
43*
when a speculative feeling is abroad there is generally greater
The revenue returns for the financial year ending March 31
confidence and more inclination to run some risk in anticipat
ing the future. Thus it is that the “ leaps and bounds” are have just been published, and it must be admitted they are
quite as satisfactory as was expected. The ex- Chancellor of the
seen. Furthermore, powers o f production are increasing in
greater ratio than the demand for consumption. Should any Exchequer estimated the revenue at £89,809,000, whereas the
branch of industry suddenly acquire a more remunerative sum actually obtained has been £90,772,758, showing an excess
position, fresh capital is at once attracted to it,with the usual of £903,758. The excise has yielded £444,000 less than the
result that the margin for profit is immediately narrowed. A estimate. It has been clear all along that there would be a
market which one day is all but bare is in a short period deficiency under this head. The shrinkage of this source of
glutted with produce, and so it is with manufactures; fresh revenue, the most important in its amount, may be the cause
machinery is speedily set up to work any article which has of some trouble to those engaged in framing future estimates,
suddenly experienced a popular demand, until it soon becomes but if we are to infer from this that habits of sobriety are
a necessity to calculate profits with a nicety. With these becoming more strongly inculcated upon the people, it
changing conditions the need for greater circumspection is should become a source of congratulation. In these days c f
imperative, and the adoption of more prosaic methods in the excessive competition it is a matter of paramount importance
conduct of business in preference to the pursuance of specula that we should be prompt to take advantage of every oppor
tive tactics, will probably prove to be more profitable in the tunity which offers itself for securing business, and the more
long run. However, although the week has witnessed a sober we become as a nation the better able shall we be to look
quieter tone in most departments, we do not think, as already closely after our own interests. A further curtailment in the
excise receipts will therefore be welcomed rather than other,
said, that the prospect of a bright future must be dimmed.
There has been some temporary firmness in the money ■frise, particularly if other sources of revenue bear promise of a
market during the week. Short loans have been as high as healthy expansion. The only, otter item which has fallen
8 to 8% per cent, but have since eased off to 2 to 2% per cent. short of estimates is that described as “ miscellaneous,” and
Gold has been taken for Germany, and that has caused some the loss there is £08,434 Turning to the gains it appears that
steadiness in the market, but has failed to enhance discount customs have gone beyond the estimates to the extent of
quotations. The effect of the quarterly payments is shown in £455,000; stamps have yielded £405,000 more; property and
the Bank of England weekly return, and the position of the income tax, £145,000 ; post office, £180,000 ; telegraphs, £100,
Bank appears weaker in consequence. Note circulation has 000; land tax and house duty, £00,000, and interest on ad­
increased to the extent of £411,155. There is a partial com­ vances, £11,192. Comparing the year just closed with 1885-86.
pensation for this loss in the increase of £75,289 in bullion, re the following results are shown : An increase of £328,00 in cus!
ducing the actual deficiency in the reserve to £335,910. The toms, o f £240,000 in stamps, of £30,000 in land tax, of £60,000
proportion is about 1 per cent less than last week, namely, in house duty,of £740,000 in property and income tax, of £300,.
48*57, against 49*55 per cent. Upon balance borrowers have 000 in post office and of £90,000 in telegraph service. On the
not greatly augmented their indebtedness to the Bank, the other hand there is a decrease of £210,000 in exciss of £10,increase in other securities being £208,780. It is, however, clear 000 in Crown Lands, of £199,888 in interest on advances and
that the fresh advances exoeeded the repayment of the pre­ £170,055 in miscellaneous. The actual result is a net increase
vious ten-day loans. The revenue payments continue to sweep in the revenue of £1,191,457. From an examination of these
the market bare, public deposits having gained £857,090, statistics it will be seen that the improvement is most marked
in those sources of revenue which would benefit chiefly from
whilst other deposits have decreased £301,834.
Tenders for £1,400,000 Treasury bills have been received at reviving trade—namely income tax, customs, stamps and postthe Bank of England, to replace a similar sum maturing, and office. Mr. Goschen gave us to understand that he would only
which were issued in January last at an average of £3 9s. 0*75d. have a humdrum budget to present to Parliament this year,
per cent.
The whole amount was again placed in three but as owing to the time occupied with Irish affairs some short
months’ bills at an average of £1 5s. 9d. per cent, tenders at period must elapse before the statement can be presented, he
may yet see a way to remodel his estimates, particularly if the
£99 13s. 3d. receiving about 10 per cent, and above in full.
A Hong Kong four per cent loan for £200,000 has been chances of the maintenance of European peace should be
placed at an average of £100 14s. 9d. per cent, the total sub­ increased in the interim, and there be consequently greater
probability of trade being stimulated and the revenue
scriptions being £787,400.
The following return shows the position of the Bank of during the new year proportionately increased. W e are not
sanguine enough to anticipate a recurrence of that elasticity
England, the bank rate of discount, the price of consols, &c,
which caused so much astonishment some years ago, but on
compared with last three years :
the basis of the present fiscal arrangements a considerable
surplus might be reckoned upon at the end of the financial
1887.
1886.
1885.
1884.
year 1887-88. There are many directions in which a little
Circulation, excluding 7-day and
£
£
£
£
relief would be thankfully welcomed, but possibly none more
other bills.............................
83,800,625
24,946,500 25,553,520
Public deposits..................
10,543.556
11,165,542 10,500,532 than the large body of income-tax payers at present groaning
Other deposits......................
83.727,338
25,625,497 24)859,339 under an assessment of 8d. in the £. As regards the expendi*
Government securities................... 14,210,438
14,672,692 12,451,964
ture the disbursements were £90,115,000. This was more than
Other securities..........................
21,826,341
24,148,744 25,313,028
Reserve o f notes and coin............ 16,719,907
16,466,406 15,548,864 was anticipated, the outlay for the supply services having been
Coin and bullion.......................
24,770,632 22,451,462 25,662,906 25,351,884 £60,294,000, against an original estimate of £59,797,000. How­
Reserve to liabilities....................
S9*p.o, 44* p. o. 44* p. c.
Bank r a t e ........................
ever, the net result seems to be a surplus of £058,000, being
3 * p. C.
2* p. 0.
Consols..................................
98*d.
102*d . about £400,000 more than Sir William Harcourt’s estimate.
Clearing-House return................ 124,345,000 125,815,000 138,175,000
Inactive grain markets have again prevailed. The advan­
135.338.000
tage has remained with buyers of wheat, and it seems aa
Messrs. Pixley & Abell write as follows on the state of the though it would continue so. The statistical advices from
America are not liked, and it is presumed that when the
bullion market.
stocks held here are published they will prove fairly heavy for
„i^ ?]£ .~ TJlere, has,t!eei1 a steady demand fo r gold fo r Germ any and in the time of year. But it is not only these statistics which are
w m tS e n °fro m 0th iD-^at:v® 2I5,ou? ts *n the open market, some5* 50,000 telling against the trade.
The fact has also to be considered
was taken from the Bank o f England. The amounts sent to the Bank
that the opening of the Russian ports will result in increased
h
T
l S
t «
Th° R oyal Mail steamer has taken
shipments from that quarter, and we shall shortly have to
eSj
The arrivals are £76,000 from China
fr° m New Zealand; total, £109,000. , contend with more liberal supplies from India, Australia and
6t With no demand for the Continent, and continued depression
T“ d*ian Exchange, the price o f silver has receded, and w e auote Chile. There is thus the prospect of having larger stocks on
to-day 446 , , d. nominal. About £31,000 has oom efrom C hile £2o^)°nn our hands than can be readily dealt with. It seems as though
from West Indies and £18,000 from N ew York; total, £ 6 9 000 T h e P we had again . reached a turning point in the trade and that
& O . steamer takes £75,000 to India,
’
■in e r *
there will ;be a gradual recession from current quotations so
n ^ r e 8itpri?e0i8a43d.N0thirig ^
been done ln M exican dollars, and the long as the chances of an average harvest remain.
The following shows the quantities of wheats flour and
The quotations for bullion are reported as follows:
maize afloat to the United Kingdom,




A p r il

THE CHRONICLE.

16, lötfM

Last year.
1,656,000
197.000
350.000

Last week.
1.753,000
213.000
316.000

This week.
1,650,000
264.000
370.000

Wheat..........q rs .
Floor,equal to qrs

IMPOSTS.
1 8 8 6 -8 7 .
o ,w
nw t. 2 9 .8 0 8 .5 8 6
.................
. . . 1 2 ,0 7 0 ,6 2 8
......................
. . . 8 .3 1 0 ,3 4 9
......................
. 1 ,4 4 7 .8 0 7
..............................
1 ,5 3 4 .1 0 7
T n s i» n o o r n .........I . . . 1 5 ,5 3 9 ,6 1 8
- 1 0 .1 1 0 ,5 8 9

1 8 8 5 -8 6 .
1 8 8 4 -8 5 .
1 8 8 3 -8 4 .
2 8 ,2 3 6 .2 9 4 2 7 ,2 7 1 ,6 3 8 3 2 ,0 0 6 ,0 2 3
7 ,4 7 8 ,4 6 1 1 0 ,1 5 2 ,1 7 8 1 0 ,6 8 4 ,8 5 3
5 ,5 1 8 ,5 7 2
6 ,2 5 2 ,2 1 5
7 ,1 2 6 ,3 3 5
1 ,2 6 7 .3 2 7
1 ,1 6 7 ,8 4 9
1 ,0 5 2 ,3 6 3
1 ,9 2 0 ,0 5 4
2 ,0 0 7 ,5 1 0
1 ,5 2 6 ,9 0 2
1 6 ,0 5 8 ,4 1 8 1 3 ,6 2 3 ,9 1 3 1 5 ,8 2 1 ,4 3 6
7 ,9 5 0 ,7 2 4
9 ,5 8 7 ,7 3 6
9 .0 3 7 ,6 2 7

Supplies available for consumption (exclusive of stocks on
Septe mber 1):
1 8 8 6 -8 7 .
Im o o rtso f w h e a t.o w t .2 9 ,8 0 8 ,5 8 6
ImDorts of flour............ 1 0 .1 1 0 ,5 8 9
CUea of h o m e -grow n ..2 0 ,7 4 6 .8 9 8

Total....................

60,666,073

EXPORTS AMO IMPORTS OP SPBU1M AT M IW TORR.

1885.
2,712,000
252.000
261.000

Maize.. ..—-.qrsThe stock of wheat in Liverpool at the close of March wuS
8 Oil 883 centals, against 2,233,785 centals at the end of Feb­
ruary and 1,720,347 centals on December 81 last. The stocks
of flour were 143,707, 122,304 and 117,981 sacks, and of maize
817 895 367,692 and 271,090 centals respectively at the dates
nam ed.’ It will thus be seen that there is an appreciable
increase in the supply of wheat and flour.
The following shows the imports of cereal produce into the
United Kingdom during the first thirty weeks of the
season, the average price realized and other items, compared
with the three last seasons:

1 8 8 5 -8 6 .
1 8 8 4 -8 5 .
2 8 ,2 3 6 ,2 9 4 2 7 ,2 7 1 ,6 3 8
7 ,9 5 0 ,7 2 4
9 ,5 8 7 ,7 3 6
2 7 ,1 1 4 ,4 3 0 2 7 ,5 6 7 ,0 2 2

1 8 8 3 -8 4 .
3 2 ,0 0 6 ,0 2 3
9 ,0 3 7 .8 2 7
2 6 ,7 2 9 ,6 5 2

63,301,448

67,773,302

64,426,896

1886-87. 1885-86. 1884-85. 1883-84.
iyftj*. price wheat____.weeIt. 33s. Od. 30s. 9d. 32s. 76. 38s. Id .
¿ Y6r, price wheat.......season. 32s. 7d. 30s. 5d. 32s. 5d. 39s. 3d.

Exports.
Bold.

K u ilU h

F in a n c ia l

M a m e t s — P e r C a b le.

The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending April 15:
London.

Sat.

Mon.

U. 8 . 4i*8 o f 1891.
D. 8 . 4s of 1 9 0 7 ...
Canadian Pacific.
Chic. Mil. & St. P a o l....
Erie,com m on s t o c k ....
Illinois C e n tral...
Pennsylvania. . . .
Philadelphia & Reading
New York Central........

Tues.

Wed.

44*4
4378
1025, « 1027! 6
1025, „ 102716
81-221* 8 1 1 5
1121* ,112%
1323s
132
647a
65*4
95 3s
9614
363a
363a
133% 1331*
61
61
23%
23*4
116% 116

Silver, per o s . . . . . ....< !.
Consola fo r m o n e y ... . . .
Consols fo r aooonnt.......
oB
©
»

Thurs.
4458
1025a
1025s
81-15
1121*
1321*
66
9538
361*
134
611*
23*4
11578

Fri.
445a
102»ie
1025a
81-40
11258
1321*
66%
953a
36
1341*
6138
231*
116*4

©ommerctal and 3$ttsce ll ancous Justus

Since Jan. 1.

144,500

156,680

1,250,913
177,858

8,453

$347,105
155,356
456,800

$4,724,398

$154,930
22,633
7,000

$3,923,982
2,456,262
4,648,010'

$ 1 9 3 ,8 0 0
1 0 ,4 5 0
1 ,7 0 0

$1,808,644
425,421
86.700
53,660
16,581
37,483
16,790

145,000
6,386

146,225
234,254
45,084
152,996

190,425

T otal 1 8 8 T .....
Total 1 8 86.......
T otal 1 8 85.......

$205,950

Total 1887.
Total 1886.
Total 1885.

Week.

$45,983
4,424
945,405
2,299,815

Great B r ita in . . . . . .
F ra n c e .... . . . . . . . . .
G erm a n y. . . . . . . . ..
West I n d ie s . . . . . . . .
M e x ic o .............
South A m e r ic a .....
A lloth er countries.

Silver.
Great B r ita in . . . . . .
France................. .
G e r m a n y ..... . . . ..
West I n d ie s . . . . . . . .
M e x ic o ..................
South A m erica.......
I l l other countries.

Import*.

Since Jan. 1.

Week.

1 1 9 ,0 0 0

125,135

2,007

1 7 ,6 9 5 ,4 9 3
4 ,3 8 0 ,4 6 9

$1,578,107
1,506,772
356,910
348,240
2,712
129,19 L
2,050

$7,300

2,097

$615,859
437,909
338,066

$153,473

$ 2 ,4 4 5 ,2 7 9
3 ,8 4 7 ,1 3 5
4 ,3 2 9 ,4 3 4

5 3 ,2 7 6
2 9 ,1 0 5

Of the above imports for the week in 1887, $5,365 were
Amerioan gold ooin and $8,207 American silver ooin. Of
the exports during the same time $49,625 were Amerioan
gold coin.
United States Sub-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury in this oity, as
well as the balances in the same, for each day of the past week :

The Revenue and Agricultural Department of the Govern­ Date.
ment of India have issued the following reports, dated Cal­
cutta, March 2, 1887, on the prospects of the wheat crop in
Berar and the Pun jaub :
April 9
B e r a r .—Aoreage under wheat 15 per cent above the average, whloh is
807,000 acres. The crop Is now being reaped. Its condition was. on
the whole, good, and a yield o f from 12 to 14 annas Is estimated. The
outturn of the staple food crops jow arl (great millet) o f the people was
an average one. This inform ation is based on returns up to 15th of
February, 1887.
P o n j a u b . -Estim ated area 6,900,000 aores. There has been «rood
rain In the districts near the Himalayas, but none in other tracts. Rain
is now much needed, especially in the western districts.

485

Balances.
Receipts.

Payments.

Ooin.

11
12
13
14
15

$
975,632
1,502,583
1,304.909
1,210.971
1,057.976
943,673

g
1,091,692
1.464,322
929,762
1,178,477
1,035,358
1,630,508

Total ..

6,995,744

7,330,119

«
“
«•
“
“

$
135,016.602
135,039.549
135,118,966
135.076.553
135,049,213
134,933,361

Ooin OerVs.

Currency.

$
$
21,398,114 15,787,964
21,416,801 15,784,688.
21,726,637 15,770,485
21,741,216 15,830,810
21,813,036 15,808,932
21,352,949 15,698,056

Auction Sales.—The following were sold at auction this
week by Messrs. Adrian H. Muller & Sou:
50
100
100
78
25
39
10
5
100
25
200

Shares.
100 Manhattan Oil C o............ 20
Laflln A Rand Powder O o.l32
25 Fifth Ave. Transpor’n Oo 64
Consumers’ Coal Co......... 10**
Germania Fire Ins. Co.157-159 5,000 Taylor Plumas Gold
Mining Co___to.® 3o. per sh.
Firemen’ s Ins. Co............ 100
Guardian Fire Ins. Co.SO's-Sl 100 Mariposa Co., com .......... $2 lot
200 Mariposa C o .,p re f.......... $4 lo t
Peter Cooper Fire Ins.
200 Bankers’ & Brokers’ Tel.
Co..............................180-181
Co.......................... .— $2 lot
Pheuix Fire Ins. Co.........130
Bonds.
Sterling Fire Ins. Co....... 62
$3,000 Brooklyn A N. Y.
Third Ave. RR. Co ....... 203
FerryCo.6s, due 1911 ..1225* & int.
Second Ave. R R . C o.........144*4
$11,000 Ohio Cent. RR. Co.
P heuix Fire Ins. Co. of
lno. mort, bds., due 1 9 20..$ 30 lo t
B r o o k ly n ............. 1271*-1 2814

fa u ltin g and Jftiw ttctal.
United States Government and other desirable

S E C U R I T I E S

FOR
imports of last
week, compared with those of the preceding week, s h o w a de­
I N V E S T O R S .
crease in dry goods and an increase in general merchandise.
The total imports were $8,727,258, against $8,790,448 the pre- i
A ll stocks and bonds listed on the New York Stock E xchange bought
ceding week and $8,726,606 two weeks previous. The exports and
sold on commission fo r cash.
for the week ended April 12 amounted to $5,200,178, against
Deposit accounts received and interest allowed on m onthly balanoea
subject
to draft at sight.
$6,999,618 last week and $4,990,425 two weeks previous. The
following are the imports at New York for the week ending
H A R V E Y
FISK & SONS,
(for dry goods) April 7, and for the week ending (for gen­
28 N a s s a u S t r e e t , N e w Y o r k .
eral merchandise) April 8; also totals since the beginning of
the first week in January:
FOREIGN IMPORTS AT MBW YORK.
R r o o k ly n C ab le C o. 6 p e r cents.
For Week.
1884.
1885.
1886.
1887.
City o f A tla n ta , G e o rg ia , 4 1-2 p e r cents.
D ry Goods.........
«2,086,483
«1.869,725
«2,344,591
$2,162,010
Jersey City, R e g iste re d ft p er cents.
Gen’l m er’di s e ..
5,780,652
7,732,092
7,781,506
6,565,248
C
itizens’
G as E igh t C o., G o ld , 6 p e r cents
T otal............
$7,867,135
«9,601.817 «10,126,097
$8,727,258
Since Jan. 1,
C
r
a
»
fo
rd
sv
llle,
In d ., W a te r W o r k s C o m p a n y ,
Dry Goods......... $38,095,064 $31,344,998 $36,641,905 $39,753,260
G o ld , 6 p e r cents.
Gen’l mer’d lse ..
86,279,349
74,184,243
85,385,039
85,838,845

I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The

Total 14 weeks. $124,374,413 $105,529,244 $122,026,944 $125,592,105

In our report of the dry goods trade will be found thé im­
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 12,1887, and from January 1 to date:

FOR SALE BY

COFFIN & STANTON, Bankers,
1 0 , 11 and 1 2 M ortim er B u ild in g , W a ll S treet, N. Y .
WE HAVE ALWAYS ON HAND AND OFFER FOR SALE
A FULL LINE OF

EXPORTS PROM NEW YORK FOR THE WEEK.

1884.

1885.

1886.

1887.

For the w eek ...
Prev. reported..

$5,018,570
73,849,418

$5,7*3,351
84,481,316

$5,097,796
71,662,963

$5,200,178
77,544,752

Total 14 weeks.

$78,867,98®

$90,265,167

$76,760,759

$82,744,930

ioilowln£ table shows the exports and imports of specie
at the port of New York for the week ending April 9, and
dni885*
*or
corresponding periods in




CH O IC E

S E C U R I T I E S
FOR

I N V E ST O R S.

G R ISW O L D

&

G IL L E T T ,

N o. 3 W a ll S tre e t, N e w Y o r k .

S'

486

THE CHRONICLE.

gjte fjjtetifeers7 (Saxeite.
D I V I D E N D S .
Ü 8 follow in g dividends have reoently been annonnoed:

R a ilr o a d s .
B altim ore & Ohio—Main stem ...
do
W ashington Br.
CIn. Ham. & D ayton (ou'ar.)____
C oncord............ I ...
____ '___
H untington & Broad T op, p ref..
R an k s.
N ew York Produce E x ch a n ce ...
M Is c e lla n e o n a .
Philadelphia Co. (m onthly).........

4
5
2
5
2

When
Payable.
May
May
M ay
May
Ju ly

Books Closed,
(.Days inclusive.)

A pril 15.

1
1
1
I

2

April 15 April 10 to April 15

1

April 20 A pril 15 to April 20

W A L L . S T R E E T , F R I D A Y , A p ril 1 5 , 1 8 8 7 - 5 P. M.

The Money Market and Financial Situation.—The
week has been devoid of startling events, and the tone at the
Stock Exchange has been maintained with much steadiness.
The report of railroad earnings published to-day for the
month of March embraces a larger number of roads than were
ever before given for a single month, while the total increase
in gross earnings, compared with the same month of the
previous year, is heavier than has been seen in any of our
reports since 1882. There are some special reasons for this,
among which may be mentioned the fact that freight was
pressed forward this year in March in anticipation of the pos­
sible effects of the Inter-State Commerce law in April, and
also that last year in March business was seriously interrupted
by the strikes, making the earnings of that month relatively
small.
For the first quarter of 1887 it is reported that 1,040 miles of
new railroad have been built, a larger mileage than was ever
before constructed in the first quarter of a year except in 1882,
when the total for the whole year reached the maximum of
11,568 miles. It is evident that the great activity in men,
money and materials in the far sections of the West must have
an important effect on railroad and other business during this
year, and from the present outlook, and the well-known under­
takings of several of the great railroad companies abundantly
able to carry through their projects, there is every reason to
believe that the present year will be ahead of any of its pre­
decessors in the number of miles of new railroad constructed.
The Bank of England rate has again been reduced, and the
wide difference in the rates for money between London and
New York can not be without its effect on the Exchanges.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 9 per cent, the
usual rate to stock brokers being 5@ 6 per cent; to-day the
rates were 4 @ 7 per cent. Prime commercial paper is quoted
at 5 @ o$ per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £102,000, and the percentage of reserve to
liabilities was 50-10, against 45’51 last week; the discount rate
was reduced from 8 to 2$ per cent. The Bank of France lost
4,125,000 francs in gold and 2,800,000 francs in silver.
The New York Clearing House banks, in their statement of
April 9, showed a decrease in surplus reserve of $264,250,
the total surplus being $4,115,575, against $4,879,825 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks:
1887.
A pril 9.

Differences f r ’m
Previous Week.

1886.
A pril 10.

1885.
A pril 11.

Loans and dis. $370,917,500 Ino .*5,257,800 $350,138,700 $302,098,000
S p e cie . . . . . . . .
79,408,800 In o . 1,412,700
77,483,700 100,055,300
8,309,200 In o .
C ircu lation ...
348,700
7,916,300
10,963,500
Net deposits.. 377,130,900 Ino. 4,716,200 373,205,700 354,415,100
18,989.5 0 Dec.
Legal tenders.
497,900
31,373,600
30,953,600
Legal reserve $94,232,725 Ino .*1,179,050 $93,301.425 $88,603,775
R eserve held.
98,393,300 I n o .
914,800 108,857,300 137,008,900
Burplns...........

$4,115,575 Dec.

$264,250

$15,555,875 $48,4(5,125

Exchange.—There is no new feature to the sterling ex­
change market. Business has been quiet as a rule, and any in­
crease in the business has been of small proportions, the de­
mand having been light most of the time. The scarcity of
commercial bills and the continued low rates for money in
London have, however, kept the rates for sterling strong, and
early in the week the posted rates were advanced -Je. to 4 86$
and 4 88$, which are the rates to-day. On Thursday the Bank
of England rate was reduced to 2$ per cent, to conform more
nearly to the open market rate, which has been much lower than
the Bank rate for some time past.
To-day the rates on actual business were as follows, viz. :
Bankers’ 60 days’ sterling, 4 85$©4 86 ; demand, 4 87¿@4 88.
Cables, 4 88@4 88$.
Commercial bills were 4 84$; Con­
tinental bills were:,, Francs, 5 20$ @ 5 21$ and 5 18|®
5 19$; reichmarks, 95$ and 95$©95$; guilders, 40(&40$
and 40$ @40$.




The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah
buying $ premium, selling $ premium; Charleston buying
par@l-16 premium; selling $ @ $ premium; New Orleans,
commercial, 50c. premium; bank, $1 50 prem.; St. Louis
25c. discount@par; Chicago, par@25c. premium.
The rates of leading bankers are as follows :
Sixty Days.

Demand.

P rlm ebankers’ sterllng bills on L ond on...
4 86(a
4 88%
Prim e com m ercia l____ __________________ 4 8K 4® 4 84%
D ocom en taryoom m ercial........................... 4 83% ® 4 84%
Pari s ( f ran os). . ...........
5 21% ® 5 205s 5 18% ® 5 $8%
Amsterdam ( g u il d e r s ) ... .......................... 40»,«© 4 0%
40%®40S-..
Frankfort orB rem en (relehmarks)............
95 »8® 95%
95 eg® 95%

United States Bonds.—Government bonds have not been
active, and there is nothing new to report. The 4s and 4$s have
been firm in price, and are about $ higher to-day than at
the close of last week.
The closing prices at the N. Y. Board have been as follows:
Inter ¿si
Pei iois.

I«*8
r*

Per
Cent.

i f am t o f Company.

(V o l. X L IV .

A pr.
11.

Apr.
12.

A pr.
13.

Apr.
14.

ir

110% *110%
*110% *110%
129% *129%
129% *129%
*100 *100
*126 *126
*129 *129
*132 *132
*134 *134
*137 *137
* This Is the prim bid at the m orning board : no sale wae made.

4%s, 1 8 9 1 ___ ....r e k - Q.-Mar.
4%s, 1 8 9 1 .........coup. Q.-Mar.
4s, 1907................ reg. Q.-Jan.
4s, 1 9 0 7 ...........coup. Q.-Jan.
3s, option U. S .. ..reg.jQ.-Feb.
6s, eur’oy, ’ 9 5 ___reg. J. <fe J.
6s, cur’cv, »96___reg. J. & J.
6s, our’ey, ’ 97___reg. J. & J
6s, cur'cy, *98___reg. J. & J.
6s. eur’ey, ’9 9 .. .rec. J. & J.

*110
*110
*129
*129
*100
*126%
*129%
*132%
*134%
*137%

*110
*110
129%
*129%
*100
*126%
*129%
*132%
*134%
*137%

*110% 110%
110% *110%
*129% 129%
129% 129%
*100 '100
126% *126%
*129% ‘ 120%
*132% *132%
»134% *134%
*137% *137%

State and R ailroad Bonds.—No special activity is to be
noted in the State bond market during the past week, but
quite a large number of bonds have participated, with moderate
business, in the transactions. The closing prices of a few are
as follows: Virginia Cs deferred 12$; Louisiana consol 4s
91; North Carolina special tax, 14$.
The course of the railroad bond market has been about the
same as that for stocks during the past week, and somewhat
the same features have been noticeable. In the early part of
the week prices were generally strong, and the market pre­
sented a good appearance; a few bonds were specially strong
and active, and had some effect on the general market, and
nearly all classes improved a little. But later the strength
gave way to some weakness, and a few of those which had
been stronger reacted somewhat, while others held their own
pretty well. The most active class has been Atlantic & Pacific
incomes, which advanced sharply in the early dealings on a
very heavy business, but reacted and declined somewhat from
the highest point. New York City & Northern bonds also had
an upward spurt, but the advance has not been fully main­
tained. A few other classes showed a little more strength than
the general market, though not worthy of special comment.
R ailroad and Miscellaneous Stocks.—The bull movement
of the past week has been confined to a few stocks, and the
general market, as a rule, has not been so strong as last week.
The tone, however, has been good, and the general tendency
is more in favor of an advance than a decline; but the bears
have been a little more active this week, and it is also said that
some of the bulls are looking for a moderate reaction, as they
generally are after any advance. There has been no reaction
of any importance this week, however, and prices, except for a
few stocks, have merely hung back from any advance, and
some have even declined slightly. The news of the week has
not been specially important, and has not had much effect on
prices. The London market has affected our prices somewhat,
having both bought and sold stock sin this market, though the
purchases have been heavier than the sales. The reduction in
the Bank of England rate also had a slightly favorable effect.
The rates for money here have ruled easy, only a temporary
spurt to 9 per cent having been effected for its influence on
the stock market.
The leading stocks in the transactions have been Reading
and Jersey Central, the dealings in the former having been
very heavy. The advance in Jersey Central was quite sharp
up to 86$, from which point it reacted to 80$ and has been
weak since. This speculation has attracted a good deal of
attention and various theories have been advanced to account
for it, but the plain reason seems to be the best, namely, that
the majority of the stock is controlled by the Corbin party and
the small amount of stock afloat makes it comparatively easy
to advance it. The advance in Reading was not so sharp, but
has been better maintained. It is based on reports favorable
to the reorganization of the company, an adjustment with the
opposition being talked of. The movement of these two stocks
has absorbed a large part of the attention ot the Street, but a
few others have also had some activity and advanced. Man­
hattan Elevated has been boomed on favorable rumors, the
price advancing to 160$ on Thursday, but reacting some since.
The San Franciscos have also been somewhat prominent for
strength, the preferred being especially strong. A contest for
control of the stock prior to the coming election is one of the
causes for this strength.

A p r il

487

THE CHRONICLE.

16, 1887.]

o i m n i r a —P R I C E S A T N . T . S T O C K E X C H A N G E F O R W E E K E N D I N G A P R I X
STOC
—
_
_ _
— ------m m
HIGHEST AND LOWEST PRICES.
STOCKS.

Saturday,
Apr. 9.

A c t iv e B i t . S to c k * .
14
14ia
A tlantic & P acific.................
62% 62%
Canadian P acific..................
62%
62%
Canada Southern..................
78
78*8
Central o f New Jersey........
41%
41%
Central P a c ific ..--................
9%
9%
Chesapeake & Ohio.
1st p ref. 14% 14%
Do
----- 1 1)0
*10
10 %
2d
p
r
e
f.
__ P
i
______
P
Do
Chicago Burlington A Qugioy. 141% 142
93% 98%
Chicago Milwaukee & St.Paul,
Do
PreI 121 121%
120% 121%
Chicago & N orthw estern. . . .
Do
pref. 148% 149%
Chicago Rock Island &Paeiflo.l 125% 126%
19% 19%
Chicago St. Louis & Pittsburg.
DO
P**®*“I 46% 47
51% 51%
Chicago St. Paul Min. & Om ..
Do
pref. 112% 112%
65% 67%
ClevelandCol.Cln. & Indlanap.
32% 33
Columbus Hocking Val.& Tol.
137
137%
Delaware Lackawanna .fewest
Denver & Rio G., assessm t pd 31% 31%
63%
6378
Do
pref.
14%
14
East Tennessee Va. & Ga. R y.
76
*74
Do
1st prof.
26%
26
Do
2d p r e f.
98% 100
Evansville & Terre H aute.. . .
41% 42%
Fort Worth & Den ver C ity ....
16% 16%
Green Bay Winona & St. Paul.
Illinois Central.................... .
27% 27%
Ind. Bloom. & West., ass. p d ..
44% 45
Kingston & Pem broke............
9 5 78 96%
Lake Shore & Mioh. Southern.
97
97
Long Island............. - ...............
68% 68%
Louisville & Nashville............
64%
64
Louis. New Alb. & C hicago...
Manhattan Elevated, co n so l.. 156 156
Memphis & Charleston..........
93% 93%
Michigan Central.....................
88
88
MU. Lake Shore & West..........
n
o
n o
Do
pref.
19%
Minneapolis & St. Loins......... *19
44% 44%
Do
pref.
33% 34%
Missouri Kansas & T exas-----109 109%
Missouri Pacific
17% 17%
MobUe A Ohio...........................
Nashv.Ohattanooga&St.Louis t86% 87
New York Central & Hudson. 1127r 113
New Y. Chic.dt St. L., assent’d 19% 39%
34%
34
Do
pref., assented
3478 35
New York Lake Erie & West’i
737a 73%
Do
pref.
63% 63%
New York A New E ngland...
1878 18%
New York Ontario A W est....
13% 13%
New York Susq. dr Western.
37% 38%
pref
Do
*21% 22%
Norfolk <&Western.
53%
53
pref
Do
29
29
Northern Paciflo—
61%
61
pref
Do
3178 32%
Ohio A Mississippi___
35%
35
Oregon & Trans-Continental.
3 5 7a 36%
Peoria Decatur & Evansville
43%
43
Philadelphia A Reading.......
40% 41%
H 74% 75
Do

Do
]
Do
Bt. Paul ds Duluth.......
Do
pref.
Union Pacific.
Do
Wheeling & Lake E rie ..
m is c e lla n e o u s S to c k s .
Colorado Coal & Iron...
Oregon Improvement Co.
Oregon Railway & Nav. C o ...
Pacifie Mall..................
Pullman Palace Car C o...
Western Union Telegrapl
E xpress S to ck s.
Adams..........................
American............. IIIIIIII
United States.............
Wells, Fargo & Co.............
In a c t iv e S to c k s .

36%
73%
115%
67%
109%
117%
29%
61%
20%
35%
55%

Monday,
Apr. 11.
14%
62%
62%
78%
41
*9
*14%
*10
142
92%

Tuesday,
Apr. 12.

14
14%
63
62%
62%
62%
79%
80%
42%
41%
*9
10
14%
15%
*10
10%
143
142
93% 92%

14%
63%
62%
82%
43%
10
14%

121% 121% 121 121%
120% 120%
120% 121

148 149% 14 8% 149%
126% 126% 126% 126%
19
19%
4€
46
46% 46%
51% 52% 5 2 la 53%
112%
113%
112% 112%
67% 67%
67% 68
33% 33%
33
33%
136% 137% 136% 137%
32% 32%
31% 31%
64% 65
64% 64%
13% 14%
14
14%
75
76
75
75
25% 26
26% 26%
95
95%
*99 100
41% 42%
41
41%
16% 16%
16% 16%
131% 131% 130 131
26% 27
27% 27%
44% 45%
44% 45%
95% 96%
95% 96
x96% 96%
69
69%
68% 69
65%
65
65% *63
155% 155% 155% 159
63
64
62% 63
93% 93% 92% 93
87% 87%
87% 88%
110% 110% 110 111
*19
20
*19
20
44% 44%
44% 44%
33% 34%
33% 34
109 109% 108% 109%
17
17
*17
18
86 % 86 %
86% 86%
19% 19%
34% 34%
34% 35
73% 74
62% 63%
18% 19%
13% 13%
38
38%

19%
34
35%
74
62%
19%
13%
37%

19%
34
35%
74%
64%
19%
13%
37%

52% 53
29
29%
60% 61
31% 32%
35
35%
35% 36
43% 45%
41% 41%
74
75%

53
29
60%
32%
34%
35%
45%
41%
74%

53%
29%
61
32%
35%
36
46%
41%
75

21 % 21 %

44%
44
44
84%
84% 84%
104% 105% 104%
42
102 102%
56%
58%
57
106%
105% 106
152% 152% 152%
76%
77%
77

22

13% 1 3 7e
64
64%
61% 62%
82 .84 %
42%" 42%
9%
9%
15
15

109% 108
69
70
145% 145%
*5%
6
*9%
10%
13%
13%

54% 55%
64
65%
23% 24
60
60%
*67% 69%
21%

144
’143 145
145
109% 109% 110% 111
*62
63
63
63
130 *127 130 *127

13% 14%
64% 65%
61% 62
80% 83%
41% 41%
*8
9%
14% 14%
9%
9%

139
147
34%
23%
35
45%
48
72%
48%

54%
64%
23%
58%

55%
65%
24
60

25%
18

28%
19%

137
20
*34
23%

138
20
35
23%

44
44%
46% 47%
*71
72%
46
47
53%
64%
23%
58%
67%
21%
18

54%
65
23%
59%
68
24%
19

28,945
1,589
14,159
1,550
745
101
22,970
56
1.400
___
738
153
76% 98,620

44%
84%
104%

144% 144 144
111% 114
112
62% 63
63
130 *127 130

106% 106%
108
69
69
70
145% 145% 145% 145% 145%
5%
*5%
5% *5%
6
*9% 10
*9% 10%
10%
13
13
13%

* These are the prices hid and asked ; no sale was made at the Board.




14%
63%
62%
86%
42
8%
15%
11
142%
93%
121 %
120%
149
126%
18%
45
53%
113%
67%
33%
137%
32%
64%
13%
76%
26
96
42%
16%
131
26%
45
95%

43%
4378 4478 43% 44% 43% 44%
45%
84
84% 84%
84% 84% 84% 84%
84%
103%
103%
104%
105% 104% 1051 103% 104%
42
42
43% 42
43
101% 101% 100%
55%
55% 56
56% 56% 55% 56%
57%
'103
’103
....
’104 ...
105 107
107
152 152% 152% 152% 152% 152% '152
153
76%
76% 77%
76% 77% 76% 77%
77%

20% 21
’137 139 *137
20 % 21
30
30%
147% 147% 147
34%
34
34%
23
34%
34% 34%
45
45% *44%
47%
46% 47%
*71
72% *72
47%
47% 49

19%

22

37
38%
37%
75% 77
75%
116% 117%
116
67% 68%
69
110 110
110
118% 114 114%
29% 30
30%
62
615a 6178
21
21 %
21%
35% 3678
35%
58% 6078
58%

144% 144% 143
. *143 145
109
. 109% 108% 109 110
63
62
63
63
. 63
127
128 128
. *127 131
108%
70
145
*5%
10%
13%

14% A pr. 9
18,540 10% Feb.
68% Jan, 13
4,055 59% Mar.
63% Jan. 3
13,761 52% Feb.
86 % Apr. 13
88,870 55% Jan.
43% Apr.. 12
1,833 33 Feb.
9% Jan. 8
8 Feb.
344
17 Jan. 13
584 14% Mar.
11% Jan. 20
9 Mar.
15
*10
10 %
933 136% Jan. 13 143 Apr. 12
142% 142%
"92% 92% 79,856 85% Fob. 1 93% Apr. 7
92% 93
679 117% Jan. 8 122% Mar. 23
120% 121% 120 120%
119 119% 119 119% 26,176 110 Feb. 1 121% Apr. 1
138% Jan. 29 149% Mar. 28
T47% 149
'.........149
i'.i'di 124% Mar. 18 127% Apr. 2
126% 126% 126% 126%
16 Feb. 1 21 Apr. 2
1.550
18% 18% *18% 19%
35 Jan. 27 49 Apr. 2
3,23
45
45%
45
45%
45%
Feb. 1 53% Apr. 12
36,372
52% 52%
52% 53
2,185 106 Feb. 1 113% Apr. 12
112% 112%
59
Feb.
1 68 Apr. 11
5,130
66% 66% ’ *66% *66%
3,025 28% Mar. 14 39% Jan. 11
*32% 33
32% 33
131%
Feb.
1 138 Jan. 3
98,535
136% 137%
135% 137
4,347 21% Feb. 3 32% Apr. 14
32
32%
32
32%
66 Jan. 13
56%
Jan.
24
4,337
64
64
65
65
2,965 12% Mar. 14 17 Jan. 3
13% 13%
13% 13%
82% Jan. 13
71%
Feb.
1
700
76
*74
75% *74
3,316 21% Feb. 1 32 Jan. 3
25% 25%
25% 26
100
A pr. 9
84
Mar.
12
2,600
*90
95
*92
96
45% Apr. 5
41% 42% 33.345 21% Feb.
41% 42%
17
Apr. 7
12
Jan.
28
3,700
*15% 16% *1578 16%
135 Jan. 28
515 128% Feb.
133% 133%
130% 13 1
27%
Apr.
1
17%
Feb.
4
1,205
25% 25%
*26
27
44% 13,230 38% Mar. 24 45% Apr. 11
44% 44% 44
96%
Jan.
14
90
Feb.
1
55,740
94% 95
94% 95%
780 93 Jan. 15 98 Feb. 8
96% 96%
96
96%
57 Feb. 3 70% Apr. 14
69
69% 99,89
68% 70%
68% 69%
700 58 Jan. 22 66 Apr. 5
63
63
64
64
160% Apr. 14
Jan.
154
38,977
158% 159% 159 160% 158% 159%
4,900 51 Jan. 27 64% Apr. 5
61% 62%
93% Apr. 4
86
Jan.
27
1,614
92
92
92% 92%
92% 93
6 90% Mar. 28
677 66% Jan
89
*87
*86% 88
87% 88
111%
Mar. 28
98
Jan.
1,530
110% 110% 109% 109% 109 109%
20% Apr. 2
200 17% Feb.
20
19% 19% *19
*19
20
45%
Jan.
13
40%
Feb.
700
45
44% 44% *44
44% 44%
34% Apr. 9
32% 33% 31,285 26% Feb.
33
33%
33
33%
110%
Feb.
25
104%
Feb.
8,004
108% 108% 108 108% 107% 108
19% Jan. 8
595 14% Feb.
16% 16%
17
17%
16% 18
88%
Jan.
3
79%
Feb.
5.550
85% 85%
85% 86%
*85% 86
114% Jan. 17
5,590 110 Feb.
112% 112% 112% 112% 112% 112%
20%
Apr.
4
16%
Mar.
15
1.551
19
19
19% 19%
19% 19%
2,675 27 Mar. 12 85 Apr. 6
33
33
*33% 34% -......... 34%
35%
Apr.
12
.29%
Feb.
1
91,885
34% 35% 34% 35
34% 35%
3,240 65% Jan. 29 74% Feh. 25
73% 73%
73% 74
73% 74%
63% 64% 60,730 51 Jan. 12 66 Mar. 29
63% 64 % 63% 64%
3,545 15% Feb. 4 20% Jan. 3
19% 19%
19% 19% 19% 19%
14 Feh. 14
7,095 11 Feb.
13
13%
13% 13%
13% 13%
38% Feb. 14
5,800 31 Feb.
37
37
37% 37%
37% 37%
23%
Jan. 3
17%
Feb.
3,150
22 %
21% 22% 22
22
22
54% Apr. 14
25,360 43% Feb.
53% 54
52% 54%
52% 53%
29%
Apr. 4
26%
Feb.
2,848
28% 28% *28% 29
28% 28%
61% Jan. 3
7,187 56% Feb.
60% 60%
60% 60%
60% 60%
32%
Apr.
4
22%
Feb.
31% 31% 10,365
31% 32
31% 32%
34% 34% 26,955 29% Jan. 24 35% Apr. 7
34
34%
34% 35
36%
Feb.
10
30%
Jan.
3
10,000
35% 36
35% 36%
35% 35%
44%. 45% 524,120 34 Feh. 1 46% Apr. 12
44% 45%
44% 45%
40
40% 30,215 37% Mar. 15 53 Jan. 17
40% 41
39% 41%
1,276 72 Mar. 12 87% Jan. 17
*73
75
74
74
95 Jan. 17
80 Feb.
37% 39% 38% 40% 24,475 30 Jan. 27 40% Apr. 15
37% 39%
80%
Apr. 15
61%
Feb.
2
79
80% 30,675
76% 79%
76% 78
1,530 112 Jan. 28 117% Jan. 8
117% 117% 116% 1161 116% 117%
69
7a
Apr. 9
55%
Jan.
7
67
67% 10,905
66% 67
66% 68
215 107 Jan. 10 110 Mar. 4
109% 109%
110 110
113
Feb.
1
1
1
9
%
Feb. 19
1,315
113 113
113% 113%
38,315 23% Feb. 17 30% Apr. 1
28% 29
28% 29%
29
29%
62%
Apr. 6
60% 61% 61,815 5378 Feb. 4
61
61%
60% 62%
22 Apr. 14
21
2 1 % 14,935 13% Feb.
21
21 % 21% 22
37%
Apr.
14
23
%
Feb.
36% 37% 17,823
36% 37%
35% 36%
62 Apr. 14
27,925 53 Apr.
60% 62
61
62
60% 61%

13%
63%
61%
81%
41%
8%
*14%
“10
142%
92%
' 120 %
119%
'148
126%
18%
44
52%
112%
66%
32%
136%
31%
64
13%
*75%
25%
96
41%
16
131
26%
44%
94%

112% 112% 112% 112%

36%
37%
74%
74%
116
116
69%
68%
109% 110
118
118%
29%
30%
61%
62%
20%
20%
35%
35%
56%
56%

. 108% 108%
68
. 68
. 143 143%
6
5%
_
Do
pref
9% 10%
Keokuk & Des M oines....
13%
. 13
Do
do
p
32%
.
32
Mexican Central....... .
22
.
18
Morris & Essex................. .
. 137 137
Ohio Southern...................
. 21% 21%
Oregon Short Line...........
30
. 30
Pitts. Fort Wayne & Chic
. 147 147
: 33% 34%
Bt. Louis Ark. & Texas__
Southern Pacific C o........
Cameron Iron & Coal___
. *45
45%
Columbus dt Hocking Coa
. 45% 46%
New York A Perry Coal.
. *72
72%
Tennessee Coal & Iro n ...
. 48% 49
d isted.)
Amer. Cotton Oil Trust."
.
54
55
Pine Line Certificates...
. 64% 66%
.
23% 24%
Do
pref., ex-ngh
.
59% 60%
Chic. A Ind. Coal R y ___
. 67% 69
Boston H. & E rie ,n e w ...
. 28% 29%
Des Moines & Ft. Dodge.

10%

143
93%

Wednesday, Thursday,
Apr. 14.
Apr. 13.

1 5 , A N D S IN C E J A N . 1, 1887,
Range since Jan. 1 ,1 8 8 7 .
Sales
o f the
Week,
Friday,
Lowest.
Highest.
Shares
Apr. 15.

*16% 19
137 139

20

21

*33

35

70
5%
9%

54%
64%
23%
58%

18
18

21 %
18%

5%
9%

*16
17
13838 1383s
20
20

34% 34% *34%
45
44% 45%
46%
46% 47%
72% 72% x71%
47
47
47
53%
64%
23%
58%

70

35%
45%
47%
71%
47%

35 % Feh. 1 45% Apr.
79 Jan. 7 86% Feb. 2
100 % Mar. 14 105% Apr. 9
38 Feb. 1 47 Jan. L3
96 % Feb. 1 104% Jan. 3
48% Jan. 8 58% Apr. 7
105 Feb. 15 115 Feb. 8
153% Mar. 28
139% Jan.
78% Mar. 9
70% Feb.

146
245 139% Jan
114
702 107 Jan
407 62 Feb. 17 64%
60 126% Jan. 25 130
625
636
2,100
2,225
1.025
1.700
400
5,070
529
2,060
241
181
1,200
1.025
950
1.400
10,942
500
4.300

96% Ja n
33% Jan.
130 Jan.
4% Mar.
7% Feb.
10 Mar.
30 Apr.
13% Jan.
127% Mar.
17 Mar,
26 Mar.
145 Jan.
30 Jan.
21 Mar.
29% Mar.
39% Jan.
35% Feb.
62% Jan.
41 M ar.

50% 52% 32,341 42%
64% 64% 7,7y6,ooo 60
4,706 21
23% 23%
57% 58% 20,028 52
1.300
9.700
18% 18%
18
18% 10,915

t L ow er price is ex-dividend.

19
3
23
5
22
2
5
9
3
22
10
8
17
5
4
24
3
2

Feb. 10
Apr. 15
Jan. 11
Feb. 8

109% A pr.
74% Apr.
155 Jan.
7 Jan.
10% Jan.
14 Jan.
36 Jan.
22 A pr.
141% Feb.
21% Apr.
31 Jan.
148 Jan.
35 Jan.
25 Feb.
36% Jan.
49% Jan.
48 Apr,
72% Apr.
54%; Ján.

11
6
11
13
14
13
13
9
11
4
3
22
20
12
10
27
12
5
14

Mar. 1 64% Jan. 3
Feb. 16 72% Jan. 11
Apr. 5 26% Jan. 20
Jan. 5 63% Jan. 2 0

488

THE CHKONIOLE.

fVOL. XLTV.

BONDS-LATEST PRICES OF ACTIVE BONDS AT N. Y. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 188^
Railroad Bonds.

Closing.
Apr. 7 Apr. 15

Range since Jan. 1.
Lowest.

Closing.

Highest.

Apr. 7IApr,15

Range since Jan. 1.
Lowest.

Highest.
Atl. & Pac.—W. D. ino., 6s, 1910 32%
32is
25% Feb.
f.
Mil. Lk.8h. & W.—1st, 6s, 1921 ,|121 J. 120%b. 118 Feb. 122 Apr.
86 %
Guar., 4s, 1 9 3 7 . . . . . . . . . ........... 86ia
85% Mar. 90
•
Michigan Div.—1st, 6s, 1924. .1 1 5 1........... 114 Jan. 117 Jan.
Can. South.—1st guar., 5s, 1908 106% 106 b. 104% Feb. 107
r.
Incom e, 6s, 1911 ...................
101% Feb. 107 Apr.
92%
2d, 5s, 1913
9218
90% Mar.
•
Minn.
& St. L.—1st, 7s, 1 9 2 7 ... .l i s a i ............... 132 Jan. 133 Jan.
■ ■’99, coup, oft
91 b. 91
Gen. Iow a—1st, 7s,
86 Feb.
91
’•
Imp. & Equip.—68 ,192 2....... . 85 1...........
86% Feb.
90 Jan.
Central o f N. J-.—1st, 7s, ltf9 0 .. 1107 b. 107
105% Feb. 110
• Mo. K .& Tex.—Con., 6s, 1920.. .1 0 2
102
96% Feb. 102% Apr.
115
Consol. 7s, 1899, assent............ i l l
107% Jan.
••
Consol., 5s, 19 20.....................
89%
89%
83%
Feb.
89%
Apr.
Convert. 7s, 1902, assent.......J ll2 % b . 115
109 Jan.
•.
Consol., 7s, 1904-5-6................ . 111% 111% 109% Feb. 113% Jan.
Adjust. 7s, 1903............
105
10712 105% Jan.
• Mobile & Ohio—New, 6s, 1927 . 113 a . l l l % b . 108% Feb. 112% Apr.
Convert, deb. 6s, 1908............• 94
96%
83% Jan. 100
. 104.%«. 104% Apr. 106 Jan.
•
1st, Extension, 6s, 1927.
113 b. 110 Jan. 116
lie'll & W.B. ,con.7s, 1909,as’nt 114
•
1st pref. debentures, 7 s .........
64 %b . 64
60 Jan.
66% Mar.
Am. P o ck & Imp., 5s, 1921. ..10338 102i2b, . 99 Jan.
“• Mutual Un. Tele.—S. f., 6s, 1911 89
88 b. 84% Feb.
89 Mar.
Central Pacific—gold 6s, 18 98.. 116 %b 116%b. 113% Feb.
'.
Nash. Ch. & St. L.—1st, 7s, 191; 130
131
Apr.
San Joaquin Br. 6s, 1900....... 113%
113
111% Feb.
’ • N.Y. Central—Extend., 5s, 189; : 106% 1067sb.
107% Apr.
. Land grant 6s. 1 8 9 0 .............. 103
101 %b. 102 Apr. 105
’•
N.Y.C. & H .—1st, cp., 7s, 1903 134%b . 137 a.
136
Mar.
Chee. & O.—Pur. m. fund 6s, '98
Mar.
112 W
M 114
Debenture, 5s, 1904............
107 b. .06 Mar. 109% Feb.
76%
6s, gold, ser. B. 1908, coup, oft 77%
76 Mar. 81 Jan.
N.Y.&Har.—1st, 7s. 1900___ 132 b 132 %b. .31 Apr. 133 Jan.
Extern coup., 4s, 1 9 8 6 ............ 73 a
73 Mar. 7 5 1
N.Y.Chlo.&St.L.—1st,
6s,
1921.
97
98 b. 85 Jan.
99% Feb.
6s, currency, 1 9 1 8 ................... 27% b 27 b. 27 Feb.
32
2d mort., 6s, 1923...................
96 a 95 b. 70 J an.
97 Feb.
Mort. 6s, 1911............................
97 Mar. 100
75%
N.Y.
City
&
No.—Gen.,
6s,
1910
78%
65% Jan.
79% Apr.
Ches. O. & 8o. W.—5-6s. 1 9 1 1 ... 1063s .............1101 Feb.
• N.Y. Elevated—1st, 7s, 1906___ 121%b 122%
123
Jan.
Chicago & Alton—1st, 7s, 1893. 116 b. -•...........115
Jan.
• N. Y. Lack. & W.—1st, 6s, 1921 128 b 126 b.
128% Apr.
Chic.Bur. & N or.—1st, 5s, 1926. 104%b. •.......... 104% Jan.
•
Construction, 5s, 1923............ 107%b 108 %b. Î
Feb. 110 Jan.
Chic. Burl. & Q.—Deb. 5s, 1913. 108% 107% 106 Jan.
N. Y. Ont. & W.-—1st. 6s. 1914. 108 b 108 b. 1
Jan. 110% Feb.
Denver Divis., 4s, 19 22... . . . .
............ 97% Mar. 99
N.Y.Sus. &W.—1st, 6s, ’ 11, cp.of
91% Jan.
95 Feb.
Chic. & Ind. Coal R., 1st, 5s, ’36 1 0 3 * " — ... 98% Jan. 103
Debenture,
6s,
1897,
coup,
oft
69
Feb.
71% Jan.
Oh.Mil.& St.P—1st, I.«fe M. 7 s,’ 97 121 b. 121%b. 120% Jan. 122 t
Midland o f N. J.—1st, 6s. 191C
110%b. 1
Apr. 114 Jan.
Consol. 7s, 1905....... ............... 129
129%b. 128 Jan. 130
N. O. Pacific—1st, 6s, 1920........ 83%b 84
75% Feb.
86 Feb.
1st, So. Min. Div.—6s, 1910.... 1175s 117
115 Feb. 118
North. Pacific—1st,coup.,6s, ’21 I17%b 117% 1
Feb. 118 Apr.
1st, Chi. <fe Pae.W .Div—5s, ’21 108% 108
106% Jan. 109
Gen’i, 2d, ooup., 1933.............. 105
105
1
107% Mar.
Wls. &Min. D iv.—5s, 1921 ... 10538b. 105%b, 105% Apr. 106% Jan.
James R. Val. -1 st, 6s, 19 36.. 108 b.
109% Feb.
103%b 102% Mar.
Terminal 5s, 1914..................... 103
N. Pao.Ter.Co.—1st, 6s, 1 9 3 3 ... 105% 105 b. 1
Jan. 105% Mar.
Chic. & N. W —Consol. 7s, 1915 139%b. 139%b 138 % Apr. 142 Jan.
Ohio & Miss.—Consol., 7s, 1898. 119 b. 118%b. Ï
, Mar. 119% Jan.
Gold, 7s, 1902........................... 132 a. 131% 130 Feb. 133 Jan.
2d, consol., 7s, 1911.................
113 a. l
Jau. 119 Jan.
Sinking fund 6s, 1929.............. 117 b.
117% Jan. 120 Jan.
Springfield Div.—7s, 1905 . . . . 112 a. 111 b. 1
Jan. 111% Feb.
Sinking fund 5s, 1929.............. 108 %b. 109
108 Jan.
Ohio
Southern—1st,
6s,
1
9
2
1
...
109
111%
i
Feb. 111% Apr.
Sinking fund debent. 5s, 1933 110 b. 110
108% Jan.
2d, inc., 6s, 1921...................... 45 b. 45%
40 Jan.
47% Jan.
25-year debent. 5s, 1909......... 107 b. 108% 1073s Jan. 108% Jan.
Oregon Irnpr. Co.—1st, 6s, 1910 94%
91% Mar. 95 Apr.
Chi. K. I. &Pac.—6s, coup. 1917. 133%
130 Jan. 135 Jan.
Ore. R. & Nav. Co.—1st, 6s, 1909 110 b. 110 b. 1
Jan. 110% Mar.
Exten. & col. 5s, 1934..............
Ì0 8 % ‘ 108% Apr. 110% Feb.
Consol., 5s, 1925....................... 105 b. 105% 1
i Feb. 106 Jan.
Ch. St.P..M.& O.—Consol. 6s. '30 122%b. 123
120% Mar. 123 Apr.
Oregon & Transoon.—6s, 1922.. 102% 103 %b. 1
Feb. 103% Apr.
St. Paul & S. 0 .—1st, 6s, 1919 124 b.
12 4 % ^ p r. 127% Jan.
Peo.
Deo. & Evans.—1st, 6s, ’ 20.
............ 1
Mar. 114 Jan.
100%b 98% Jan. 102 Feb.
Oh.St.L. A Pitts.—1st, con. 5s, ’32 101
Inoome, 6s, 1920....................... 85 b. 87
i
Jan.
87 Apr.
C. C. C. & Ind.—Gen. 6s, 1934 . 111 ( 110 b 107 Jan. I l l
Mar.
Evansv. D iv— 1st, 6s, 1 9 2 0 ... 109 b.
Mar. 112 Feb.
Col. Coal & Iron—1st, 6s, 1900.. 103% 102 b 98% Feb 103% Mar.
Incom e, 6s, 1920...................
86%b.
i Jan.
86 Mar.
Col. H. Val. «&ToL—Con, 5s, ’31 80
79 %b, 75 Mar. 88% Jan.
Rich & All.—1st, 7s, 1920, tr. rec 76
76
Jan.
77 Apr.
Gen. gold, 6s, 1 9 04...................
76
70 Mar. 91 Jan.
Richm. & Dan.—Cons., 6s, 1915 113%a. 113
1
i Mar. 113% Jan.
Denver & Rio Gr.—1st, 7s, 1900 119 %b. 120 b, 118% Feb. 120% Feb.
Debenture,
6s,
1927
..............
108
b.
............
1
Feb. 114 Apr.
1st con. 4s, 1936 ....... .............. 79%
79%
76% Feb.
80 Jan.
Roch. & Pitts.—1st, 6s, 19 2 1 .. 120 b. 120 b. 1
Feb. 120 Mnr.
Den. & R. Gr. W .- 1st, 6s, 1911. 81%b. 81 b 79 Mar. 82 Apr.
Consol.. 6s, 1922..................... 117 b. ............ 1<
Jan. 117 Apr.
77%
Assented...............................
76%
73% Mar. 78 Jan.
Rome W. & Ogd.—1st, 7s, 1 8 9 i.
111 b. i
Jan.
111 Apr.
Den. So. Pk. & Pao.—1st, 7s, '05 75 b, 72 a 75 Jan.
80 Jan.
Consol., extend., 5s, 1922....... 102
101%b. i<
104% Mar.
54 h 49% Feb.
Det. Mao. & M. —Ld . gr. 3 %s, 1911 55%
55 % Feb.
St Jo. A G d .Isl.—1st, 6s, 1925 . 108% 107% l<
108%
Apr.
E. Ten. V. & G. R y.—Con.,5s, ’56 99% 100
98% Feb. 100 Apr.
2d, inoome, 5s, 1925 .............. 73%
73 %b.
Mar. 75 Apr.
104 a 103% Apr. 108 Jan.
Eliz. Lex. & B. Sandy—6s, 1902.
St. L. Alt.& T.H.—1st, 7s, 1894. 115 b. 115%b. 1]
Jan.
115
Apr.
136
a.
133
b.
Erie—1st. consol, gold, 7s, 1920
132% Mar. 136 Jan.
2d, M., pref., 7s, 1 8 9 4 ...
112%a. 112*2a. 1]
Feb. 112% Mar.
114 b. 117 a. 113% Jan. 115 Mar.
Long Dook, 7s, 1 8 9 3 ___
2d., M., me., 7s, 1894___
107%b.
Feb. 108 Jan.
Con. 6s, 1935.-....................... 117%a. 117
115 Jan. 120 Mar.
Dividend bds, 6s, 1894..........
35 b. 40 a.
Jan.
38 Jan.
101%
N.Y.L.E.&W—2d con. 6s, 1969 102
93% Feb. 102% Apr.
St. L. Ark. <&T ex.—1st, 6s, 1936 101
102
{
102 Apr.
Funded coupon, 5s, 1969
88% Feb.
94 Apr.
2d, 6s, 1936.............................. 53
52
55% Jan.
Ft. W. A D env. C. -1 s t, 6a, 1921 94%
94%
88% Jan.
95 ta Apr.
St. L. & Ir. Mt.—1st, 7s, 1 8 9 2 ... 111
111 b. l]
Mar. 115 Jan.
Gal.Har.A San.Ant.—1st, 6s, ’ 10 107 b. 108% 106 Feb. 109% Mar.
2d mort., 7s, 1897.................... 114 b. ............ 1]
Jan. 114% Mar.
2 d M „ 7s, 1905 ........................
110% Jan. 111 Jan.
Gen. R y. & land gr., 5s, 1931. 94%a. 95
Apr.
99 Jan.
973s
West. Division—1st, 5s, 1931
97 Mar. 100% Jan.
St. L. & San F r .- 6s., Cl. A.1906
116 b. l ì
115% Jan.
2d, 6s, 1931........................... I
92% Jan.
92% Feb.
6s, Class B, 1906.......................
116
b.
l
i
117
Apr.
Gr’nB . W. & St.P.—1st, 6s, 1911
92 b. 99 Jan. 107 Apr.
6s, Class C, 1906....................... 117%a. 116 b. l i
117% Apr.
44%
2d incom e 8s, 1911.........
44
38 Jan.
46% Apr.
Gen’l mort., 6s, 1931............... L13
113
1C
113
Apr.
I21%b,
G u lf Col.&San.Fe—1st,7s, 1909
121 %a. 120% Jan. 122% Jan.
So. Pac., Mo.—1st, 6s, 1888...1 L02 b. 102% ic
104% Jan.
Gold, 6s, 1923............................ 102%b, 102% 101% Jan. 105 Mar.
St. Paul M. & M.—1st, 7s, 1909. L15 b. 117 a. l ]
118
Apr.
107
Henderson Br. Co.—1st, 6s, 1931
108
106% Mar. 110 Feb.
2d, 68,1909................................ L18 b.
Feb. 121 Mar.
H.&Tex.C,—IstM . L. 7s, cou. off 114 b 115 b. 112% Jan. 115% Apr.
1st cons., 6s, 1 9 3 3 ................... 119 b. 120
H
Mar.
120
Jan.
109
1st, West. D., 7s, 1891, cou. off.
109 b. 108 Mar. 110 Jan.
Do
reduced to 4 % s.. 99%b. 99%
S
Feb. 100 Mar.
1st,W aco & N. 7s, 1903, cou. off 115 h 114%b. 113 Feb. 115 Mar.
Shenandoah V al.- 1st, 7s, 1909 97%b. 100%
8
Jan. 100% Apr.
95 b
2d, consol. M. L. 8s, 1 9 1 2 ....
94 Feb. 104 Apr.
Gen’l mort., 6s, 1921...............
48%
g
Mar. 49 Apr.
72 %a, 70 ir. 66% Feb.
Gen. mort. 6s, 1 9 2 1 ................
72% Apr.
So. Carolina—1st, 6s, 1620......... 99 b. 98*20. 9 i Apr. 107% Jan.
108
b,
HI. Central—1st, gold, 4s, 1951
107 b. .07 Feo. 108% Jan.
2d, 6s, 1931................................ 80 a.
Jan.
80 Jam
Gold, 3*28,1951........................ 97 b.
98 Jan.
99% Jan.
Ino., 6s. 1931...............
25 a. 2Ô%b. ï
Mar.
28% Jan.
Ind.Bl. <&W.—1st, pref., 7s, 1900 120 b. 120
119% Jan. 124% Feb.
So. Pac., Cal.—1st, 6s, 1905-12.. .ll% b . 112*4b. 11 t Feb. 112% Jan.
1st, 5-6s, 1 9 0 9 .........................
97
91% Jan.
97 Feb.
............11
So. Pao., Ari.—1st, 6s, 1909-10..
112
Apr.
Feb.
2d, 5-6s, 1909.. ....................... 86
85
77% Jan.
86 Jan.
So. Pac., N. M.—1st, 6s. 1911. .
............ 10
106% Mar.
Eastern Division—6s, 1 9 2 1 ... 96%
95%b. 91 Jan.
96% Apr.
Tex. & Pac.—Ino. & ld gr, 7s. ’15 62%
62%
5
66%
Feb.
Incom e, 6s, 1921...................... 34%
33 b. 30% Jan.
34% Apr.
Rio Grande Div.—6s, 1930 . 74
75
6
76 Apr.
Feb.
Ent. & Gt.Nor.—1st, 6s, gold, ’ 19 120%a.
117 Jan. 122 Mar.
Gen. mort. Aterm ., 6s, 1905..
69 b. 6
Mar. 69% Jan.
Coupon, 6s, 1909...................... 96
95%a. 93 Jan.
98 Feb.
Tol. A.A. & N. M.—1st, 6s, 1924. 92%
93%
8
Jan.
94 Apr.
Kent. Centr.—Stamped 4s, 1911
73 b. 64 Jan.
72 Feb.
Tol.A.A. & Gr.Tr.—1st, 6s, 1921
...........10
Jan. 105 Mar
Knoxv. A O .—1st, 6s, gold, 1925 96%b. 97 b. 95% Jan. 100 Jan.
Tol. Peor. & West—1st, 7s, ’ 17 . .08 b. L07%b. l(j
Jan. 112 Feb.
L akeSh.-C on.coup.,1st, 7s,1900 128 a. 126 b. 125% Feb. 128 Jan.
Tol. & Ohio Cent.—1st, 5s, 1935 97 b. 98 b. 9
Jan.
99% Jan.
Con. coup., 2d, 7s, 1903......... 124
1243s 122% Jan. 124% Apr.
Union P acific—1st, 6s, 1899___ 18%
117% l ì
Jan. 119% Mar.
Long Island—1st, 7s, 18 98......... 122%b. 122%b. 121 Feb. 124 Mar.
Land grant, 7s, 1837-9............ ’ 03 %b. ...........10
Jan.
102%
Jan.
1st, consol., 5s, 1931............... 114%a.
113 Feb. 115 Feb.
Sinking fund, 8s. 1893............ 115%b. -16
11
Mar. 120 Feb.
Lou. & Nash.—Consol., 7s, 1898 118 b. 118 b. 118 Apr. 121% Feb.
Kan. Pacific—1st, 6s, 1895___: 13 b. -12%b. 11
114%
Mar.
N. O. & Mobile—1st, 6s, 1930. 107 %b. 109% 105 Jan. 109% Apr.
1st, 6s, 1896............................ 13 b. 113 b. 11
115 Mar.
2d, 6s, 1930............................. 95 %b. 96%b. 90% Jan.
96 Apr.
Denver D iv.—6s, 1899......... 15 b. .16%b. l i
Jan. 117 A pr
E. H. & N.—1st, 6s, 1919......... 114%b.
115 Jan. 116% Mar.
1st consol, 6s, 1 9 1 9 .........
08
L08 b. 10 ! Mar. 109 Apr.
General, 6s, 1930...................... l l l % b .
107 J an. 112 Mar.
Oregon Sh. Line -1st, 6s, ’ 22.. : 05
L05% 10
Mar. 107% Jan.
Trust Bonds, 6s, 1922.......
107% 108
104% Jan. 108 Feb.
Virginia Mid.—Ino., 6s, 1927.... 96%a. 97 a. 9
99 Jam
10-40, 6s, 1924.......................... 103 b.
98 J an. 103 Apr.
Wab. St.L. & Pac. - Gen., 6s, ’ 20 57 b. 58 b. 4
Jan.
60 Jan.
Lou. N. A. & Ch.—1st, 6s, 1910. 109%b.
109 Jan. 110% Jan.
Chicago Divison—5s, 191Ó ...
98
97% . 8
Feb.
98% Apr.
Consol., gold, 6s, 1916............. 94
95
93 Apr.
97 Mar.
Wabash—Mortgage, 7s, 1909.. 88%
89
b.
8
90
Apr.
Mem. & Ch’lston—6s, gold, 1924
101 b. 101 J an 106 Apr.
Tol. & Wab.—1st, ext., 7s, ’ 90 : 14 b. U4% b. l ì
114% Apr.
Metro. Elevated.—1st, 6s, 1908. 118%b. 118%b. 117 Jan. 119 Jan.
1st,
St.
L.
Div.,
7s,
1889.......
:
ll%
b
.
Lll%
b.
10
Jan.
112
Apr.
2d, 6s, 1 8 9 9 .............................. 11 b. I l l b. 109% Jan. 111% Mar.
2d, extended, 7s, 1893......... : 03 %b. L02%b. 9
Jan. 103% Apr.
Mich. Central—1st, con., 7s. ’02 130 b. 130 b. 127% Jan. 131 Apr.
Con., conv., 7s, 1 9 0 7 ...
93
%a..
91
b.
8
Mar.
95%
Jam
Miss’ri Pac.—1st, cons., 6s,1920 118% 119
114% Feb. 119 Apr.
Great West.—1st, 7s, 1888___ ] 13%b. L13%b. 10
Jan. 114 Apr.
3d, 7s, 1906...................
125 b.
. . . 1 2 2 Jan. 126 Apr.
2d, 7s, 1893......................
03 %b. L03 b. 9
Jan. 103% Apr.
Pac. o f Mo.—1st, 6s, 1 8 8 8 ... " 102%b.
.. . 1 0 2 Feb. 105 Jan.
St.L.K.C.
& N.—R .e&r.,7s.’95. ] 10 b. L10%b. 10
Mar. 112% Feb.
2d mort., 7a, 1891................ 109 b
...1 0 8 % Mar. 110 Jan.
West Shore—Guar., 4 s............... 1 03
L02% 10
103% Jam
Note -T h e letter “ b” indicates prioe bid, a n d 1
STATE
SECURITIES.

Bid.

Alabama—Class A , 3 to 5 ........1906
Class B, 5 s ............................. 1906
Class C, 48........
1906
6s, 10-20..................................1900
Arkansas—6s, funded.. 1899-1900
7s, Little R ock & Fort Smith, iss.
7s, Memphis & Little Rock, iss..
7s, Arkansas Central R R ............
Georgia—7s, g o ld ........ ............ 1890
Louisiana—7s, c o n s ...............1914
Stamped, 4 s . . . . . ...........................
Michigan—7 s .. . . : .................... 1890

108%
112%
104%
104
10%
25
24
12
108%
100
91
108




Ask.

BONDS.

SECURITIES

109%
115
105%
108 . New York—6s, loan............ ......
12%
6s, lo a n .......... ....... ................ 1893
28
North Carolina—6s, o ld .......... J&J
30
16
New bonds, J. & J ___ 1892-1898
109
Chatham R R ......................
Special tax, Class 1 ............
91%
Consolidated 4 s....................Í91Ó
6 s .............................................1919

j Bid.

Ask.

106%
112
115
115
118
35
12%
22
10
14%
98
*99%
123 126

SECURITIES.

Bid.

Rhode Island—6s, co u .. 1893-1894
South Carolina—6s, non-fund. 1888
Brown consolidated 6s....... 1893
Tennessee—6s, old .........1892-1898
Compromise, 3-4 -5 -6 S .......1 9 1 2
New settlement—6s........... 1913
5s........................................... 1913
38-......................................... 1913
Virginia—6s, old ................................
68, consolidated bonds............ **’
6s, consolidated, 2d series..........
6s, deferred, trust rec................... I

116
7%
109%
64%
74
106
103
77%
48
90
65
12%

Ask.
8.
Ill
67
76
109
107
77%

13%

THE CHRONICLE.

A p b U j 16, 188". 1

489

BONDS—STOCK EXCHANGE QUOTATIONS ON FBI DAY OF INACTIVE RAILROAD BOND3.
SECURITIES.

Railroad Bonds.

Bid.

Ask

SECURITIES.

Bid.

Ask.

SECURITIES

Bid. Ask*

.1897
Union Pacific—( Continued)—
.1919
117
( Slock Exchange Price*.)
|
92
Ut. So.—Gen., 7 s ..............1909
.1923
108
Ateta. Top. & S in. Fe— 4^8 ...1 9 2 0
90
Extern, 1st, 7s ................1909
91%
.1920 ..
117
St. Louis <&San Francisco—
1 9 3 6 * ......... 95
5th, 7 s ................................ . .1888 104*3 105
1st, 6s, Pierce C. & 0 .........1919 *107
Beecn 1
1919............ 124
1st, cons., fd. coup., 7s___ 192Í *127
Equipm ent, 7 s ................... 1895 *105
1925 110
.1 ' 0É ...»4 .
99
100*3
Gen. m ortgage 5s.............1 9 3 1
B. Ñ7y . «fe E. - 1st. 7 « ____ .1916 137
105
Kan. City & 8.—1st, 6s, g.1916
Registered.
Ï 9 Ï 3 ......... 95
N. Y. T,. E. «fe W.—Col. tr.. ««1922 105
109
Ft. 8. & V. B. Bg.—1st, 6s 1910
.1908
Burl! Cedar Rapids & Nor—
St. L. K.& So.W n.—1st, 68.1916 *101*3
1906 108 108*3 Evan. «fe T. H.—lst, cons., 6s .1921 *118
Tex. & P a c.—1st, 6 s .......... 1905 *114
1934, 100*3
,192c *
115
1st, 6s, ex coupon...........
.1926
112
Registered..................
■
Consol., 6 s . . . . . . . .......... 1905
.1920 119
Minn. & St. L. -1 s t 7s, gu .. 1927 *132
Con. 6s, ex cou p on .......
92
Grand Rap. <fc‘ Ind.—Gen. 5s .1924
94
Iow a C. <fc West. - 1st 7s — 1909
Trust receipts............... .
101 102
Ced. Rap. I. F. & N., 1st 6s. 1920 *102
Pennsylvania RR.—
Han. «fe St. Jos.—Cons., 6 s ... .1911 119 120
1st 5 s ....................................1921
Pa. Co.’s guar. 4*98,1st o p ..1921 1 0 5 % 106
.189Í * 68
Buff. N.Y & Phil.—Cons. 6 s . ..1921
Pa. Co.’s 4*28, reg ................. 1921 105%
40
45
HI. Cent.—Sp. D iv.—Coup.,6s, 1898
117
Trust certificates.................... .
Pitts. C. «&St. L.—1st, op., 7s. 1900 119
.1921
General 6s,.............................1 924
R egistered....................................
C. St, L. «fe N. O. Ten. 1., 7s 1897 118
Trust certificates............ .
2d, 7s.................................... 1913
1st, consol., 7 s ............
.1897 118
Central Iowa—
Pitts. Ft. W. <fe 0 .—1st, 7 s ... 1912 140*g 143
70
Eastern D iv is io n -1st 6s ..1 912
2d, 6 s .................................. .1907
2d, 7 s.....................................1912 139
Gold. 5s. cou p on .......... . .1951 116
Illinois Division—1st 6s....... 1912
3d, 7a.....................................1912 135*9
Registered T....................
Chesapeake & Ohio—
Clev. «fe P. —Cons., s. id ., 7s 1«00 129 ISO*«
Dub. «fe 8. C.—2d Div.. 7 a .. .1894
6s, gold, series A ................... 1908 *106*9 106%
4th, sink, fd., 6 s..................1892 108*9
Ced. Falls <& Minn.—1st, 7 s .1907 106 108
120
Ctaes. O. & So. West.—
St. L. V. & T. H.—ls t, g.,7s.l«<97
Indianap. D. <&Spr.—
110
2d 6s........................................ 1 9 H
2d, 7 s .................................... 1898
1st, 7s, ex. fund, cou p on ... .1906 102*3
Chicago & Alton—
2d, g u a r.,17s.........................1898
Lake Shore <fe Mich. So.—
Sinking fund, 6 s . . . . .............. 1903
Pine Creek Railw ay—6s o f 1932
Louis. & Mo. River—1 st7 s.. 1900 121*4
Cleve. P. <fe A.—7 s .............. .1892 111 113
Pitts. Cleve. <feTol.—1 s t,6s ..1 922 113
2d 7s..................................... 1900 *121
Buff. <&E -.—New bonds, 7s 1898 120 121*3 Pitts. Junction—1st, 6 s .......... 1922
Kal. <fe W. Pigeon—1st, 7 s .. 1890
St. L. Jacks. & Chic.—1st, 7s 1894 116*2
Pitts. M cK. <fe Y .—1st, 6 s .......1932
Det. M. «fe T . - l s t . 7a ’
1906 126
1st, guar. (564), 7 b ...... ..1 8 9 4 *11«*2
1 1 1 *4
Rich.&Danv.—Assen. deb., 6a.l927
2d mortg. (360), 7 b............1898
Lake Shore—Div. bonds, 7s. 1899 120
Consol, m ort., gold, 5 s .........1937
Consol., reg., 1st, 7 s ....... 1900 124 125
2d, guar. (188), 7s..............1898
A tl. «fe Char.—1st, pr., 7 s ....1 8 9 7 1 1 4 — —
Miss. R. Bridge—1st, s.f. 6s. 1912 103*9
Consol., reg., 2d, 7 s ......... 1903 124*4 124*3
In com es....... .............
1900 * 1 0 1
Mahon'g. Coal RR.—1st, 5 s .1934 106 107
Chic. Burling. & Quincy—
Rich, «fe W. Pt. Ter’L Trust 6 s .. 1897
Conso idated, 7 s ....... .
...1 9 0 3 *13138 131% Long Island RR.—
San Ant.«fc Arana. —1st,6s,’ 85-1916
N. Y. «fe M. Beach—1st, 78. 1897
5s, sinking fu nd .......... ......... 1901 110
1st, 6 s ............................ 1886-1926
Iow a D iv.—Sink, fund, 5s.. 1919 *111
N. Y. B. «fe M. B. - 1st, g., 5s 1935
Sinking fund, 4 s ................ 1919 97%
Louisville <fe Nashville— ’
70
Coupons o ff........ ................
Plain, 4 s ............................. ..1921
Ceoilian B rancn—7 s .......... 1907 *
111
St. Louis «fe Iron vtountain—
Chic. Burl. «fe N o .-D e b . 6s. ...1 8 9 «
115
Pensacola D iv.—6s............. 1920 102 103
113
Arkansas Branch—1st, 7 s ..
Chi. R. Isl. & Pac.—6s, c o u p .. 1917 *133
St. Louis Div. -1 s t, 6 s ....... 1921 *114*3
Cairo «fe Fulton—1st, 7 s .....
107*4 1 0 7 %
Registered....................................... 132*2 134
2d. 3s.................................. 1980 *57% 61
Cairo Ark. <&T.—1st, 7 s . ..
112*3
Ext. <fc Col., 5 s .......................1934 107*2 109
Nashv. <fc Decatur—1st, 7s. 1900 *121
St. L. A lton <fe Ter. Haute—
Regist r e d ...................................
S. «fe N. Ala.—S. f., 6 s ......... 1910 *106
125
Bellev. «fe S ». HI.—1st, 8 s_____
Keok. <&Des M.—1st. 5s ... . 1923 108*2
1931
Bellev. <&Car.—1st, 6a ......1 9 2 3 * 1 1 0 U 3 * s
Chicago Milwaukee <&St. Paul—
Pens, «fe A t.—1st, 6s, g old .. 1921
97
98
St. Paul Minn, «fe Man.—
1st, 8s, P. D .......................... 1898 129*2 131
1934
121
120
124
2d, 7 3-1 Os, P. D ................... 1*98
Manhat. Beach Imp. Co. —7s 1909
*112
87*3 90
Min’s Un.—1st, 6 s . . . . .........
1st, 7s, $ g., R. D ................ 1902 Í3Ó
1911
il2 %
St. Paul <fe Duluth—1st, 5 s ....1 9 3 1
1st, La Crosse D ivision,7s.. 1893 120
Sodus B ay <&So.—1st, os, g . . . l 9 2 l
1st, I. & D ., 7 s........................1899 124% 127
New assented, 4 s ................. 1911 * 62% 63*4 Tex. Central—1st, s. f., 7s ....1 9 0 9
79
*
1st, C. & M., 7s.......................1903 130
1911
22
79
80
1st mortg. 7 s ..........................1911
1st, 7s, I. <&D. E x t............... 1908 129 132*2 Mich. Cent.—1st, c o n .,5 s .... .1902 112
Tex. <&N. O.—1st, 7 s ................ 1905 1 1 5
1st, 8. W. Div., 6s..................1909 117*2
6 s ........................................... .190n A
121
8abine Division, 1st, 6s........1912 102*3 1 0 3 %
1st, 5s, La C. & D a v .............1919 105*2
Coupon. 5 s ....................... . 1931 •*
110
95
Vir. Mid.—Genl. 5s................... 1936
1st, H. <&D., 7 s ..................... 1910 125
1931 *
110
Wab. St. Louis <&P ac.—
1st, H. <fe D., 5 s...................... 1910
1891 *104
H avana Div.—6 s.......... .........1910
Chicago & Pacific Div., 6 s ..1910 120
Milwauk. «fe Ni rth.—1st, 6 s.. 1910 110 110*3
Indianapolis D iv.—6 s...........1921
Chic. & Mo. Riv. Div., 5 s . ..1826
Extension, 6 s ...................... 1913 107 108
95
96
Detroit Div.—6 s ....................1921
Mineral Point Div., 5a.........1910 103
Milw. Lake S. <fe West.—
Cairo D iv.—58......
1931
C. & L. Sup. Dtv., 5 s............ 1921 104%
1925
Tol. <&W ab.-E q u ip , b d s.,7 sl8 8 3
Fargo <&South., 6s, Assu ...1 9 2 4
Minn. <fe St. Louis—
92
93
Quin. <fe Tol.—1st, 7 s .........1890
Inc. conv. sink, fund 5s........1816
97
Iow a E xt.—1st, 7s.............. 1909 *132 133
Han. <fc Naples—1st, 7 s___1909
Dakota & Gt. South., 5s.......1916
2d m ortg., 7 s ........................ 1891 *100
111. <fe So. Iowa—1st,ex. 6s. 1912 92% 100
Chicago <fe Northwestern—
Southwest Ext.—1st, 7 s . . . 1910
St. L. K. C. <&N . Extension b o n d s .....'........... 1926
95*2
Paclflo E x t.—1st, 6 s”. ......... 1921
Omaha D iv.—Tr. Co, rec.1919
1-18
Escanaba & L. S.—1st, 6 s ...1901 *116*2 118*2 Minn. <fe Pac.—1st mortg. 5s. 1936
71%
106
Clarinda Branch—6 s___1919
Des M. & Minn. -1 s t , 7 s ___1907
Minn. <fc N. W.—1st, 5s, gold. 1934 104
Bt.Cliarles Br’ge—1st,6s. 1908 1 0 4
Iow a Midland - 1st, 8 s ........ 1900 130
Missouri Kan. «fe T.—
No. Missouri—1st, 7 s......... 1895
118
Peninsula—1st, conv., 7 8 ... 1898 121*2
Cons., 2d, m oom e................ 1911
90
96
Wab. St. L. <fe Pac.—Iow a Div., 6s.
Chic. «&Milwaukee—1st, 7 s .1898 123 125
H. <fe Cent. Mo.—1st, 7 s .... 1890 109*3 110
Trust Co. r e ce ip ts................... .
60
Win. <&St. P. - 2d, 7s............ 1907 132
Mobile <&Ohio—
West. Union Tel.—Coup. 7 s .. .1900 119
Mil. <fc Mad.—1st, 6 s ............ 1805 115
n Collateral trust, 6 s .............. 1892
Registered........................ ..............
Ott. C. F. & St. P . - l s t , 5 s.. 1909 107
Sr. L. <fe C a iro-4 s, guar . .. 1931 *
74
N. W. Telegraph—7 s ................ 1904 102
Northern HI.—1st, 5 .............1910 107
Morgan’s La. <&T. 1st, 6 s ... 1920
Wheeling <fe L. E., 1st M. 5s. .1926
Cln. I. St. L. & Chicago—
1st, 7 8 .................................. 1918 *118*3 122
Tenn. C. I.«feR’y .—Consol., 6s. 1901
1st, gold, 4 s ............................1936
m 130*3
Nash. Chat, «fe St. L.—2d, 6 s . 1901 * m
South Pitts.—1st, 6 s .............1902
R e g iste re d ......................... .
92
18s7 102*4
Bir. Div.—ls t c o u . 68.............1917
CL Col. Cin. & Indianap.—
1986 *103
Col. <&Hock. Coal <fe I.—6s, g ..l9 1 7
1st, 7s, s. f d ............................1899
126
In com e B on d s.
Consol. 7 s ...............................1914 128*2
(Interest payable ij earned.)
Consol, sink, fd., 7 s .............. 1914
n ! Y. <&N ew E ug.—1st, 7 s ..! 1905
A tlantic <fe P acific—
Chio. St. Paul M. & O.—
1905
Cent.) al Division—Incom e.. 1922
Chic. S. P. & Minn.—1st, 6s. 1918 126
N.Y. Susq.«feWest.—1st,ref. 5s. 1937
91
91*3 Cent. Iow a—C up. d ebteertf’s.......
No. Wisconsin—1st, 6a....... 1930
124 127
N. Y. N. H. «fe H.—lst, reg. 4s. 1903 110
Chicago <&East 111.—Incom e.. 1907
Chic. & E. 111.—1st, s. f., cu r.. 1907 *117
Nor ibera P acific—
Des M. <& Ft. D .—1st ino., 6s. 1905
Consol., 1st, 6s.......................1934 115
Spok. <fe P al.-1 s t, s. fd., 6s. 1936 105
Det. Mack. <&Marq.—I n c ........1921
Chic. & W. I u d .- l s t , s.f., 6 s.. 1919 116
St. Paul «fe N. P.—Gen., 6s. 1923 118%
Eliz. City <fe N or.- 2d i n c ........1970
General mortgage, 6 .............1932 113
Ind’ap. Dec. <&Spr.—2d inc .. 1906
Chio. & St. Louis—1st, 6s....... 1915
120 1N. O. <fc No. E. -P r . 1., g., 6s . 1915 *
Trust receipts......................
40
38
107
Col. & Green.—1st, 6s.............. 1916
Norf, «fe W.—Gen., 6s.............. 1931 112*3 113*3 Leh. <fc WilkesD. Coal................1888
100
2d, 6s ..................................... 1926
1932 *
115
Lafayette Bloom ’gton <fe Muncie—
Col. & Cin. Midland—1st, 6 s ..1914
100
Imp. & Ext.. 6s........... .
1934 * 97
99
Incom e 7s ............................1 8 9 9
Del. Lack. & West.—Conv. 7 s .1892
116
1924 *100
Mobile <fc Ohio—
Mortgage, 7 a ..... .....................1907
135
Ogd. <fe Lake C h .-ls t , 6 s ___ 1920
2d pref. d e b e n tu r e s....___
37
Syra. Bing. & N .Y .—1st, 7a. 1906 131
Ohio <fe Miss.—Cons., s. f., 7s. 1898 119 120
3d pref. debentures............ .
33
Morris <&Essex—1st, 7s....... 1914 143 i*4*4*
1932 * 92
4th pref. debentures............
29
2d, 7 s................
1891
110 % Ohio Cent.—1st T«-r. Tr., 6 s .. 1920
72*3
N.Y. L. E. <fe West.—Inc., 6s.. 1977
Bonds, 7 s _____. . . . . . . . . . . 1900
1921
Ohio Central - Min. D iv.—
78 o f 1871................
1901 124*9 127
Ohio R iver R R.—1st, 5s . . . . 1936 *110 110*3
Incom e 7 s............... ...............1921
1st, con., guar., 7 s ............ 1915 135 138
Oregon <&Cal.—1st, 6 s ........... 1921
Ogiensburg & Lake Champlain —
Del. & Hud. Canal—1st, 7 s ... 1891 109% 110
Panama—SinK. fd , sub., 6 s.. 1910 94 .........! Incom e.....................................1920
1st, ext., 7a............................. 1891
112
Peoria <fc Pek. U’n—1st, 6 s ... 1921 * .
60
70
112*3 Roch. <&Pittsb.—Incom e .....1 9 2 1
Coupon, 7s,.......................... 1894 115
2d M.. 4 * s s ........................... 1921
St. L.I.M.& S.—1st 7s, pf., int. acc’t.
Registered, 7 s .....................1894 115
Pacific RR. - Central Pacific—
Sterling I. <fc R ’y, series B .—I n c . ’94
1st, Pa. Div., coup., 7 s ......1 9 1 7 140
Gold bonds, 6s............... . 1895 115*3
Plain incom e 6 s..................... 1896
Registered..................................
Gold bonds! 6s................. 1896 116 116*3 1Shenandoah Valley—Ino. 6 s ..1923
Albauy & Susque.—1st, 7s.*.*i888 104*2
Gold bonds, 6s................. 1897 11«
F r e e L is t .
1st. cons., guar., 7 s ...........190«
Cal. «fe Oregon—1st, 6 s ... 1888 *102
Cin. <&Sp.—1st M.C.C.C.& 1.78.1901
Registered...........................
Cal. <fc Or. g o n -S e r . B., 6 1892 *103*3
1st M. g., L. S. «fe M. S.. 7S...1901 117*3
1st, cons., guar., 6s ....*.’.'.1906 119
West. Pacific—Bonds, 6 £ ... 1899 *115*4
East <fe west, Ala.—1st, 6 s___1912
.99
R e g iste re d ..............................
No. R ailway (Cal.)—1st, 6s 1907 *121 122
Gal. H. <&H. o f ’82—1st, 5s . 1913 77*s 7 9
Rens. & Sar.—1st, coup., 7 s. 192*1 143
Union
P
a
c.—1st,
6s..............
116
Gr.
Rap.
&
Ind
—1st,
gtd.,7s.
1899
1896
116
R egistered................................
143
1st, 6 s ................................. 1897 116 117*4 Jefferson R R .—1st, 7 s ............18*9 103
Det. Mack. <&Mar. j 1st, 68.7.1921
1st, 6 S ........................................... 1898 117 117*2 Mil. <feLake Winn.—1st, 6s___1912
Det. Bay C. & A lp .- 1st, 6 ....1 9 1 3
103%
Col. Trust, 6 s . .............. 1908 *106
N. Jersey South.—Gu*r. 6 s ...1899 100*3 102
^•Tenn. Va. & Ga.—1st, 7 s ... 1900 123 124
1907
N.Y. Woodh. <feR ock —2d inc. .1912
10
Divisional 5 s ..................
i 9 s o 105
0. Br. U. P.—F. c . , 7 s ....... 1895 105
85
Pitts. Brad. <fe Buff.—1st, 6 s ...1911
90
Ehz. C. & N.—S .f., deb., 6s.***1921
Atch.
Col.
<
fc
Pac.—1st,
6s
102x
1905
Pull
man’
s
Pal.
Car—Deb.
7
s..
1888
106*4
1s’
6*
............... i c>.»o
At eh. .T. Co. <feW.—1s*. 6s 1905
__J 106
Valley RR., O.—Con. gold 6s .1921
Ko price Friday ; these are latest quotations made this week.




THE CHRONICLE

490

fVoii. XLIV.

New York Local Securities.

Quotations in Boston, Philadelphia and Baltimore.

Hank Htoek L isi.
SECURITIES.

Bid.

SECURITIES.

BANKS.
Bid.'
Bid. Ask.
Balt. A O.E. Side—Certs. 107 107k
BOSTON .
k.Y. Count' 200
121« Belvtd’e Del.—l*t.9»,1902 117 k
174 k 178 Gtllatin .. . 200
Atoh. A Topeka—1st, 7s.
103
G « fie ld ...... 160 ..*•*. 9.Y. Nat. Ex 120 120
Cons. m. 4?., 1927.------Am. E xoh... 142
Land grant, 7s.............. ..
113
Vlnth.......... 130
265 275*" Girm’n Am.. 110
Ben's Gap—1st, 7s, 1893.
Plain, 5 s... . . . . . . . . . . .
98
Germania. . 200 ...... V. Amerlo». 124k 127*'
1st, Bs, 1905.................
162k
Mortgage, 6 s .................
...
...
Vorth
Rlv’r. 130
103
97
k
115
.
132
Greenwich
..
140
Con.,
6s,
1913.................
Central......
Mortgagre, 4 ks . . . . . . . . <-••• 109
irtental.... 185
lanover .... 162
Buff. N.Y. A Phil.—1st,Bs
—
Chase........... 171
T ru st 6 i___
155
I n . A Trad’s 317 825* "
Cons. Bs, 1921..... .......
Chatham.... 210
Bur.AMo.lnNeb.—Ex t,6s 120
P»rk............ 174k
Irving ___ 140
lst.T r. Bs, 1922.........
Chemical.... 2600
6s non-exempt... . . . . . . . . 108*8
Leather Mfs •200 ..... People’s. . . . 165
1*5 140
93 P . _
Cam. A Amboy—Bs, c.,’89 104
4s___ ______________. . . ........I
Paenix........ 112
ll6 l4
107 107 k Olty............ 295
Manhattan.. 160 185
Mort., Bs, 1889...........
• Land grant, 7 s ........
161
tepubllo . . . 139
110k
Commerce .. 176 180**
■California So.—8s............ l l l k i 112 Cam. A Atl.—lst,7s,g.,’9ï 110
St.Nloholas. 123 128
Mechanics’ . 170 172
80 k! 90
2d, Bs, 1904...................
123 k 125
Income 6s......... .
145
7th
W ard ... 118
loO
d
’chs’
ATrs
185
—
Cons.,
6
p.
o...................
Corn
Exoh...
.Ohio. K. C. A West’n -5 8 .
225
k Catawlssa—1st, 7s, con. c.
Mercantile.. 142
"last River.. ISO
Incomes ... . . . . . . . . . . . . . __a 70
88
SloeALeath 140
142
New 7s, reg. A coup.... 118 130
11th Ward. 145
Cons. Vermont, 5s......... . » ¿ 4 128
k Col. AC. M.—1st,68.1914 99
StateofN.Y. 135 145
d ’ roh’ ts’ Ex. 115
99 k
725
East’rn. Mass.—6s, new..
Third...........
vfetropolltn 32
85
:500
Connecfg 6s, cp., 1900-04 1118
Frem.ElkH,AM o.V.-0s.. f ........ 122
118
Tradesmen’ s 104*
.—
Vassau. ... U2
Del. A Bound Br.—1st,7b 130 k
F inrth........ 145 148
K. O Fort 8cott & G.—7s « Tutted St,’ es 210
112
Vew
York
.
210
152
Duluth
Short
L.,
1st,
5s
Faltón.......
•K. City Lawr. A So.—Bs..
East Penn.—1st, 7s, 1888
K. City St. Jo. * O. B.—7s 120
In su ran ce S to ck L ist.
City Sp’d A Mem.—Bs U*-2
EastonAAmb’y—5s, 1920
K. Oltj
104 k EL A Wmsp’t-fst.Os, 1910
[Quotations by E. S. Bailey, 5 k Pine 8t.]
J. Clint. A Springt.—5s
K jC.
110k
5s, perpetual
tie ________
R. & Ft. B.—7■s .....
■ 114 114k
Little
110
Harrisb'g—1st, Bs, 1883..
Mar. H. & Ont.—1908, Bs, 106
Ask.' COMP AN’ S. Bid. Ask. COMPAN’ S. Bid. Ask.
Bid.
OOMPAN’
S.|
Bid
100
:.AB.T.—1st. 7s, g., 1890 107 k
1926, Bs.
101k American... 165 175 Greenwich.. 230 245
National___ 100 108
Cons. 6s, 1 8 9 5 ...........
Mexican Central—4 s ......| Jjj s 63
4 64
IthacaAAth.—1st, gld.,7s
N. Y. Equit. 165 180
81
Scrip
Exob. 95 102 Guardian ... 75
124 k Amer.
3t
,eh.V__l8t,6s,C.AR.,’9H
N. Y. Fire .. 96 102
Hamilton .. 125 135
165
155
7s.....................-............. 87
B
ow
ery......
22
21
N iagara.... 165 175
2d, 7s, reg., 1910......... 140k
140 150
H
anover....
Income......................
190
200
Broadway...
92
92k
136
North
River 100 110
140
150
Cons.
6s,
G.A
R.,
1923.
190
¡Home
.
.
.
.
.
.
.
'Scrip.............................
B rooklyn... 180
85
92k 93
85
W. O. Pac.—1st. 6s, 1920.
Paciflo........ 170 180
■ Debenture, 10s........ . ..
130 1Howard . . . . 80
124k Citizens’ ... . 120
96 101
125 135
.N.Mex.A So.Pao.—7s ..... 4125 k 127* No. Penn.—2d, 7s, cp*’96.
Park.............
¡Jefferson....
135
128
C
ity
............
132
Pet’ r Cooper 170 180
N. y . a N. England—7s.. 4
Gen., 7s, 1903...............
Kings Co— 200 220
Clinton........ 117 125
118k
Debenture 6s, reg........
Knickerb’kr 90 100
People’s ..... 100 n o
83
36
Bs...........................
Commercial.
io
ë
’
Norfolk A West.—Gen.,6» 112 k ........ Continental. 220 230 Long Island 100 110
Phe’n ix ....... 123 127
2ds, 08,...... .................... 107 k 100
N. R. Div., 1st, 68.1932 110 ........ E a g le .......... 256 270 L afajette... 100 106
Rutger’ s __ 140 147
Ogdensb.A L.Ch.—B s.....
N. Y. Phil.A Nor.—1st, 6s 105 105 k Empire City 100 110 Manúf'o.A B 125 135
Standard___ 105 110
J Consolidated Bs........... 101
54
67
63
Incom es.------- . . . . . . . . .
80
95
Sterling
. . . . 56
Ino.,6s,
1933.................
Mechanics’
'
115
105
Exchange...
Oil Creek—1st, 0s, coup..
Stuyvesant 118 125
Pueblo A Ark. Val.—7s.. 4 .... 125
72
127 133 Mercantile.. 65
Ì*S8k Ì35** Farragut.... 100
15« 160
Pennsylv.—Gen.,
6s,
reg.
100
United
St’
es
Rutland—1st 6s....*........ 4103
:o7
Merchants’
.
105
Firemen’s**.
95
Gen.,0s,cp., 1 9 1 0 ......
Westchester 140 170
Montauk.... 100 106
.. Bs...................... .
German-Am. 3-0 330
Cons., 6s, reg., 1905.... 125
Southern Kansas—os...... ltO k 101
Williamsb’g. 275 285
Germania... 150 160 N assau....... 140 150
90
125
Cons.,
6s,
coup.,
1905...
Incomes...... . ... . . . . . . .
127
120
G
lob
e..........
108 100 k
112 .....
Cons..
6s,
reg.,
1919....
Sonora—7 s ........ . . . . . . . .
k
Has and C ity R a ilr o a d S tock s an d B onds.
'Wisconsin Cent.—1st ser. 9Bk 97
4ks, Trust L oa u ....--.122
6B7s 67
Pa. A N. Y. O.—7s, 1896.
2d series... .w .i i .* ......
i Gas Quotations by Gbo. H. P rbntiss A Co., Brokers, 49 Wall Street]
133
7,1906...........
STOCKS 1
......
94
b 106 k Perkiomen—1 st, 6s,op. 87
Ask.!) GAS COMPANIES, i Bid. Ask.
Atchison A T opeka........ 108«
G as c o m p a n i e s .
213
PhiLAErie—1st,7s,op. 88 106 106 k
Boston A Albany............. 212 108
Cons., Bs, 1920..............
55
67
P o o le ’s ( Bklyn.)........
105
107
Boston A Lowell..............
SrooKiyn
Gas-Light........
îlÔ
k
Cons., 6s, 1920---------- — 2*30*
127 180
67 Williamsburg.......... . .
Boston A M aine...........
Citizens’ Gas-Liglt . . . . . . . 55
215
Phila. Newt. A N.Y.—1st
110 114
104
Bonds, 6 s ........ . . . .
Boston A Providence..
100
Bonds,
5s.........
.
122
Phil. A R.—1st. 6s, 1910..
85
83
84
Boston Con. & M.. pref
.... 112 k Consolidated G a s............. 160
84 k Metropolitan (Bklyu.)
2d, 7s, ooup.A reg., 1.898
106 110
Municipal—Bonds, 7s.
Boston Revere B. A Lynn 145
Jsrsey City A Hoboken...
128
62
63k
Cons., 7s, reg., 1911 ---- 125
136 187
Fulton Municipal . . . .
122
California Southern........
115
Metropolitan—Bonde.......
128
120
82
Cons., 7s, coup., 1911 105 109
Central of Massachusetts 81k CO
B« nd*, Bs .............. .
Mutual (N. Y .)................. 100 103
Cons., 0s, g., I.R.0.1911 110 118
125 130
Equitable................. .
Preferred............ -....... \
Bonds, 6 s ...................... 102 103
100
Imp., Bs, g., coup., 1897
110 US
Cheshire, preferred . . . . .
Bonds, B s ................
103
105
N
¡tasan
(Bklyn.).............
103%
«103k
Gen., 6s, g., coup., 1908
Ohio. A East’n Illinois... 110k 89
100 101
Scrip...............................
102
Gen., 7s, coup., 1908....
Chie. Burl. A North’n....
63 k 64
57
Inoome,
7s,
ooup.,
*896
(City RR. Quotations by H. L. G rant , Broker, 145 Broadway.]
Ohio. A W est Michigan.,
28 k
28
Conv. Adi. Scrip, ‘ 85-8J
Oinn. Sandusky A Cleve
72
7k
7
Cons. 5s, 1st ser.,o.,192,
107
Cleveland A Canton-----30 D. D. E. B. A B.—Scrip, 6s :
63 7s Bl’oker St. A wuit. p .—Stk 28
63
82
Cons.
5s,
2d
eer.,0.,193!
200
Ki filth A V.—stock......
Preferred.....................
lst mort., 7s, 1900...... 112 118
62
Debenture coup..
110
scrip,
6s,
19
14.........
8r*dway
A7t.li
A
v
—
St’k..
205
210
.....
OoL Spring!. A Cin........ 4 23
Conv., 7s, R. C., 1893.. i 50
225
Concord......... ................
lst mort., 5s, 1904 ....... 103 106 421A Gr'nd St. F’ry—Stx
14
15 k
197
Deferred
incomes,
cp..
117
1st
mort.,
7s,
893
...
Connecticut River.........
106
2d
mort.,
5s,
1914..........
102
Phil. Wil. A Balt.—4s,tr.o
35 k
42dSt.
Manh.
A
St.
N.Ave
Conn. A Passumpsio....... . . . . . . 112
100
B’way
Snrfaoe
bits.guar..
........
Pitts. Cin. ASt.L.—7s... 122 k
111
1st mort.,6s, 1910 .i ..,.
100
Det. Lansing A No., pref. -.-„vBondsguar.,5s.
1905
...
35
Pitts. Titus. A B.—7s,cp
63
2d mort., inoome, 0s.. j. .
175
Brooklyn
Citv—Htnnx...-.-.
1
*
7
Ó
Eastern............................
° 138
Y
.Y
.V
.
ShamokinV. A Potts.—7i
165
loust. W.St.AP. F’v—Stk.
Preferred...........
ls t mort., 5s, 1902 ........ 108 110
112 ..... Sunbury A EW A-lst, 7s
112
lst mort., 7s, 1894.......Bklyn. Cross tow h—stock. 165 175
F itchburg----------«106
100
Flint A Pere Marquette. 83k 99 *a Hunt». Ha®. A W.—1st, 6i . ..... 99
Vlnth A ve....................—
lst mort., 7s. 1888 ........ 105 108
155
2d, 6 8 ,1 9 3 8 ........-..-Preferred.
Bushw’k Av. (Bkluj—St*k 160 155 S loond Av.—8 took...........
82 k Sunth&Lttwist n 7s.C.. 90
107
lst mor7., 5*. 1910........
160
Cintrai
Orosstown—Stk..
ISO
39
Syr.Gen.A Corn.—1st, 7 s.
Oonsol.,
7s,
1888
......
.'
120
116
lst
mort.,
6s.
1922
........
82 Tex. A Pao.—1st, 6s,1905 113k
80
175
Sixth Av.—stooit . . . . . . .
112
Pk. N.dt B. Kiv.—Stk
Kan. City
Oonsol.,68, 1905.... •• 100 101k Oant.
115
ls t znor!.,7s, 1 8 9 0 ......
Preferred. _
Consol., 7s, 1902........... 116 120
31
75 k Union A Titusv.—1st, 7s. 30
212
125 Third A v —string.............
Ohrist’phrsiioth
St—Stk.
122
Kan. O. Springf. A Mem. 45
United N. J.-Cons.6s,’94
107
sonds, 7s, 1890 . . . . . . . . .
Little Rook A Ft. Smith.
Bonds, 7s, 1898............ n o 112k
152
Cons. 6s, gold, 1901.-.252
Tw •nty-chirit st.—stock ..
Maine Central................Dry Dk. E.B-<a Sat.’v—Stk 160 165
Cons. 6s, gold, 1908....
H
i
I
lbt
nor*.,
7s,
1893
...
.
.
.
110
Manchester A Lawrence.
lst
mort.,
7s,
1893
.
.
.
.
.
.
112k
40
Gen., 4s, gold, 1923.... 102 k
. Marq. Hough t’n A On ton.
Warren & F.—1st, 7s, 96 103 106
~
'
sd.
Unlisted
Securities.—Quotations
from
both
Exchanges:
Preferrei
i
l
l
West Chester—Cons. 7s.. 110
10k
Mexican Central.
117
W. Jersey—1st, 6s, op., 90
N. Y. A New England... 4 63 7s
Bid. Ask.
SECURITIES.
125 k
Bid. Ask.
SECURITIES.
1st, 7s, 1899................
P re fe rr e d .................. *123
Cons.
Bs,
1
9
0
9
......-..-N orthern...... ........ -........ ilb2
Mahoning Coal R R .........
78k 77
105 106
Amer.
Tel.
A
Cable..........
W.
J
e
rse
y
i
Atl.—lst,6s,G
N orwiohA W orcester...
9 k 10
Mexican National . . . . . . .
Atla.A Char. Air L ..lst 7s
19 Western Penn.—Bs, ooup,
30
3L
Ogdensb. A L. Champlain 4........
Pref........................
At.&Pac.-lstM.C.D.nnwö 101 104
6s, P. B., 1896.............. i ï i 112*
41
Old Colony................ . . . . . Ib4k
40k
ls
t
mortgage.........
....
Bost.
H.
T.A
West.—Stk.
22
k
20
k
6s,
reg.,
1923..---------9
Portland Saoo A Portsm.. 110k 125
New
Jersey
<s
N.
Y
.
.
....
.
56
Brooklyn
Elev’d—
stock..
CANAL BONDS.
Ports. Gt. Falls A Con’y . *
107 108 N.Y. Chi. A St.L.,reo.2dM.
92 k
Ist m o r t .............. .
9k Ches. A DeL—1st, 6s,1886
9k
Rutland— ......................
Equipment 7s................ 92 k *98“
108
21 m ort................. . . . . . 82 k 83
Lehigh
Nav.—4
ks,
1914
88
k
19k
Preferred.......................
N. Y. City A Northern....
117
California Pacific............
Mort. RR., r e g . , 1897 .
Summit Branoh...............
1»4
N. Y. W. Sh. A B.—Stock.
131 133
Cape Fear Ä Yad.Val., Ist 95 k 98
Cons., 7s, reg., 1911
99**
Wisconsin Central.......... 28
98k
North.
Pao.—Div.
bonds..
87
Ches.
AO..
ser.
B.<ef.
*crip
86
Pennsylv.—
-Bs,
op.,
1910..
15
Preferred................... . .. 47 141 Sohuylk. Nav.—lst,6s,rg
80
Chic. A Atlantic.—Benef. '* 8«e ” 9* Pensacola A Atlantic— 98
76
luO
Worcester Nash’aA Booh
ls t m o r t ........................
44
Chio. Hanta Fe & Cal 5s.. 104 105 k
2d, Bs. rev.. 1907 . ....... 43
87
b6
Poor.
Dec.A
Evans.—2d
M
0
2
P H IL A D E L P H IA .
Cincinnati
A
Springfield..
B A L T IM O R E .
t
itte.
A
West.
R
R
..
.
.
.
.
.
r a i l r o a d STOCKS, i
Cont.Cons. Imii.oo. I'r.stk
A ILR ’D STOCKS.tPai
lst mortgage.................. 90
18*
Buff. N.Y. A Phil.,ass.pd. 10 7i U k R
*
l‘»
k
Des
Moines
A
Ft.
Doiige..
91
90
Atlanta A Charlotte......
10
Rome A Decatur............... 29
38
39
Preferred................. . . . .
Preferred......... .........
Baltimore A Ohio ...100 165k lB7k East
lst mort.. 6 s . . . . . . . . . . . . . 93
Camden A Atlantlo.......... 19
A West RR. of A la..
48
8k
le t pref......................— 182
St. Louis Ft. S. A W ioh..
235
240
Preferred...................
Edison
Electric
L
igh
t....
2d pref........................... 120
S*. Paul E.A Gr. T r.,lst6 s 103k 106
2
4
Catawlssa........... ............
Flor.
R
’way
&
Nav.
C
u...
Parkersburg Br........50
tOk
Tol. A.A.A Mt Pleas.—1st
4
1st preferred ........ .
5
k
Frei.................................
21k
Central Ohio—Com.......50
47
20
iT"l. A. A. A N. M .........
2d preferred.............. .
Georgia Pao.—Stock........ 21
45
97«
Pref.......... . . . . . . . . . . . . . .
iYö* ToL St.L.A Kan. Cit—1st
Delaware A Bound Brook 140
Ist 6s.. . . . . . . . . . . . . . . . . . . .
12
Western
Maryland
—
50
437
s
44k
Utah Central.—1st, 6s...
60
East Pennsylvania
2ds.............................. .
RAILROAD BONDS.
3k 4k
Vicksb.
A
Meridian........
8
5
Elmira A Williamsport.. 43
Kanawha
A
O
h
io
..........
9
Atlanta A Chari.—1st— 123 125
7
Pref.............................
24
Preferred....................... 65
Ist p r e f ............ ......... 23
95
Ino..................— -....... 102 k 103k
1st mort......... .
12
Huntlngd’n A Broad Top 17 k 17 k Baltimore
2d pref...... .................... 11
A Ohio—4 s.... 102k 103
57 k 60
2d
mort..........................
Preferred. . . . . . . . . . . . . . . 4 37k 37 H
75k
Ist
6s—
.................
.
66k 66 Uen. Ohio.—Bs, lst,M.AS. lo o k 100
Incomes.. . . . . . . . . . . ---- - la k 18
15
Ke-ly Motor............. ......
Lehigh Valley . . . . . . . . . . . .
114
Chari. Col. A Aug.—1st..
West Va. R R .—1st, Ps.. 1(0 VOI
53 k
L a k e fcrie A Western .. 23 kl 21
Little Schuylkill...........
115
2d........ .................. ..
5Bk
West N. Car.—Con. M ... 97 k
annobilì a Sch. Haven..
6s
I
58k
Lake
Erle
A
West.,
pref
Cin, Wash. A Balt.—lsts. 103 k 101
54k
Nesquehonlng V alley...
75k
86
....................................... 75
Northern
Central
r ii
|
42 *»
Boston Banks.—Following are the totals of the Boston bankt *
71
70
3ds................................ 40
North Pennsylvania
25
21
1st
Ino.,
5s,
1
9
3
1
.......
69k
Pennsylvania. . . . . . . . . . . . . 59k
ColumbiaA Greenv.—lsts 106k
28
Philadelphia A Erie........
Specie. L. T’ nders. Deposits.* Ciroula’n Agg.Crni»
Loans.
1887.
80
2ds...........................
115k
Phila. Ger. A Norristown
No. Central—4 ks, J. A J 107
9
S
9
Phila. Newtown A N .Y ..
S
s
79.347,691
6s, 1900, A. A O.......... 119k
Phila. A Reading............. 22k 22 k
Mar 26 141.639.000 9,992.000 2.473.400 102,324.300 10,847.500
96,370,161
6s, gold. 1900, J. A J .... 120
Phila. Wilm. A Balt........ 64
140,430,300 9,847,800 2,168,500 104.435.500 11,288,000 87 958.992
Apl.
2
112
109k
5s,
Series
A
...................
215k
9,993,100
United N. J. Companies.. 214 k
•• 9 138,367,600 9,544,200 2,255,700 107.282.500
5s, Series B................... 109 k 111
West J ersey.................... 60
Plttsb.ACon’ells.—7sJAJ 12 Ik 122
50
P hiladelphia Banks.—The totals have been as follows:
West Jersey A Atlantic..
Union RR.—1st, gua.JAJ 118
CANAL STOCKS.
Canton end orsed ........
Lawful Mon’y Deposits.* Ciroula’n Agg.Cl’h*^
Lehigh Navigation.......... 4 60k 51
Loans.
1887.
Virginia A Tenn.—5 s ___ 105 110
5
Sohuylkill Nav., p ref... .
8 8 ........ .... . . . . . . . . . . . . 125
$
$
$
$
9
124
W.Md.—Bs,3d,gnar.,J.AJ
RAILROAD BONDS.
83.785,900 3 480.740 63.169,825
22.518,700
Mar. 1 9 ..... 86.819,000
Allegh. Val.—7 3-10s, ’96 ........ 120k Wilm. C. A Aug.—Bs........ 118 k 121
3,477.980 5«,541,2j7
84.206.700
23.015,200
86,796.100
2
«......
62.257,282
1*2
......
1 b, E. ext., 1910............ 110 ........ Wil. A Weiuon—5s..........
22.'UH.8'>0 83.798,513 3,479.730
Apl. 2...... 87.i60.200
120 !..»•
7a
Ino. 7s, end., coup., ’91 ........ 23
84.599.700 3.4; 5,760 ob.92 L.1&2
22,799,300
9 .... 87,4*7.500
Ex-dividend, t Per share




« Last price this week.

BANKS.

Bid. Ask.

BANKS.

* Iuoiudlng thi item “ dee to other banks.”

A p r il

16,

]

I HE CHRONICLE

New fork City Banks.—The following statement show s the
condition of the Associated Banks of New York City for the
week ending April 9, 1887:

R oads .

491
Latest Earnings Reported.

Week or Mo

1887.

1886.

Jan. 1 to Latest Date.
1887.

1S8(L _

9
$.
$
$
Average -Anioitn 1of—
Col. A Cin. Mid. 1st wk Apr
5.00S
84,22*
3.28"
68,612
Net Deposits
225,29C
Col.
Hook.V.AT.
M
arch
..
.
.
176,46t
1
630.12
497,458
Circula8.442
Col. A Rome . February
7,01C
16,l l :
12.440
tion.
than Ü.S.
Danb’y A N o rw s AL r o ll....
17,50t
16,96t
45,64:
45,586
Deuv.
A
Rio
Gr
1st
wk
Apr
124.375
111,84*
:
1,808,71t
1,441,678
$
$
$
84,80c
83,86g
227,07t
211,498
) 10.8JO.OOC
45,000 Denv. A R. G. W. March
Y ork . . . . . . . . . 11.270 000 2.510.000
Dee. Mo. A FtrD. 1st wk Apr
.5,632
5,362
) 9.825.10C
84,81g
87.191
9.556.000 2.117.000
Manhattan C o .....
1.347.000
Det.BayC.A
Alp.
March.
1
7.101.60C
46,000
39,000
14,8"£
89,47 £
7.201.300
35,967
Mer hants'______
1 7.549.(00
Dot.Lans’g& No. 1st wk Apr
8.82a,000 1.549.' 00
15,241
18,772
Mechanics’............
262,13*
271,383
1 9 536,500
11.439.50 » 1.876 600
4,565
Det.M ac.A Marq 1st wk Ai
America.......... .
3.07t
730.000
1 2,817.000
280,000 E.Tenn. Va.AGa. 1st wk Apr
2.996.000
Phemx..................
84.443
36,282 1,306.243 1,045,722
1 9.701.600
9.259 >00 2.921.000
C ity ....................
___
Evans.AInd’plis
4th
wkMar
6,0,LJ
3,13t
56,051 >.
414.500
i 2.412/00
90,000 Evansv. A T. H. 4th wkMar
2.793 000
Tradesmen’s .. . . . . .
20;(i8£
15.07Í
177,921
154,734
j __
48c,600
1 ¡,616.200
1.360.800
Fulton..................
Flint
A
P.
Marq.
1st
w
kA
pr
43,04t
47,98t
626,327
554,606
1 23.S44.100
Chemical. . . . . . .. 20.105.800 8.744.700
23,80t
21,577
1 3 555.OO • 102,000 Fla.R. A Nav. Oo 4th wkMar
280.577
251,812
3.182,200
713 900
Meronatits’ Exch.
1 4 296.900
523.300 Fs. W.ADen.City 1st w k Apr
14.97C
7,59g
148,47g
81.813
Gallatin Natio al. 5.688.6001 685.800
1 J.877,900
245,400 Georgia Pacific.. M arch. . . .
419.400
1.947.400
87,526
64.195
263,07S
Batchers’ A Dror.
188.677
1 2.' 0 U 00
104.000
1.773.000
Mechanics’ A Tra.
Gr. Rap. A In d .. 1st wk Apr
40.134
32,654
548.79
451.811
'
1.3
3.300
2.600 Grand Trunk . Wk Apr. 2 369,455 30 ö,366 4,077,68g 3,686,088
139.600
1.312.500
Greenwich. ..... .
' 2.597.700
536, 00 Gn.Bay W.&St.P February
875,5 '0
Leather Manuf’rs. 3.434.900
30,223
60,933
21,37g
40.343
1,4(2.200
44,30b Gulf Col. A 8. Fe. M arch—
350.800
1.408 700
Seventh Ward......
189,658 146.90S
564,922
436.920
3.041.! 00
3.948.900
581.700
State of N. Y ........
Hous.ATex.Cent 4th wkMar
48,5^5
46,049
583,174
564,033
14.3"6 <00
Americ’ n Exoh’ge. 18.986.000 2.813.000
929,041 820.809 2,685,470 2,461.311
11,818 90b 1,006,000 ni.Cent.(in.ASo) M arch___
Commerce.'......... . 17.700.400 2.578 000
5,031.500
8,366
45.00b
Cedar F.AMin. March. - ..
5.504,700,
16,804
23,645
922.300
37.530
Broadway..............
7,414.000
739,800
78.550
7.470.100 1.410.000
Pub.ASioux 0. M arch.......
83,206
Mercantile.........198,148
202,300
2.883.50 >
50 (.400
2,474 50
Ia. Falls A 8. C.'March
Pacific...... .
55,000
57,764
145,276
133,204
8,021.200
193,700
8.144.800 2.039.400
Repnblio.... . . . . . .
Tot. Iowa lines M troll
141.916 157.774
367,069
370,033
5,032.. 00
45,000
4.699.700 1, 020 . 00
Chatham.............
Total all lines Maroh....... 1,070,957 978,584 3,052.538 2,834,345
2.240/00
1.843.900
276.400
Peoples’ ...............
1st
wk
Apr
45,203
Ind.
Bloom.
A
W
44,099
674,000
622,995
3.734 900
477.800
3.155.000
North America...
39,687
28,964
109,217
96,082
12.720 200
46,000 Ind. Deo. A 8pr M >roh.......
11.078.200 3,351,600
Hanover.. . . . . . . . .
60,000
23,885
3.0(9.000
117,576
40,700 Jack. T. A K. W February
42,273
652.300
2.831.000
Irving..................
3,020.300
49,653
45,000 K.C.Ft.S. AGulf. 3d wk Mar
54,545
582,814
682.800
2.821.500
504.133
Citizens’ ..............
3.310,100
247,60
2.917.30
Can. C. Sp. A M. 3d wk Mar
37,332
Nassau............. .
31,037
427,778
288.292
426,100 Can. O. 01. A Sp. 3 i wk Mar
566.700
3.187.600
2,88:(,100
Market........... .
4,247
4,677
52,745
40.111
. . . . ... Keokult A West. March. . ..
2.136.600
1.854/0 >
211.000
St. Nich las......J.
26,119
73,533
24.987
65.973
447,50b Lake E. A West. Itti wkMar
3.315.000
875.00
3,7611’00
Shoe A Leather...
54,649
365.321
20,862
307.995
7
.4
6
1
.4
0
0
7.167.000
1,224.100
Corn Exchange...
Lehigh
A
Hudson
19,915
March.......
60,506
18,367
50,460
46,000
4.787.100 1,045,800
6.529,£100
Continental...........
L Rk. A Ft.Smith February .
53.120
120,550
47,711
91.032
215,' 00
Oriental............... 2,323 000
61,731
58,108
571,179
979.700 Long Island. . . . 1st wk Apr
543,082
32.787.400
Importers’ A Trad. 21 052,900 4.914.700
40,982
45,000 Louis. AM o.R iv. January ..
35,740
40,982
867.300 23.850.) 00
Park....................'. 20. 07 200 4.741.400
35.740
1.946 000
136.C00 ■ 2.134.000
198.000
18,00t)
Louis. Ev.ASt.L. 1st w k A p r
239.199
13,513
North R iv e r.......
200,624
88,700
224,20b Louis v. A Nashv. 1st wk Apr 287,125 194,590 3,999,116 3,399,492
1.172.100
2 ( 8.100
1,020 400
East River............
360000 Lou.N.Al.ACbic. 1st w k A p r
Fourth National.. 19.081.000 3.824.000 1,247 000 19.572,000
34,570
28.190
509,908
390,433
45,000 Loutsv.N.O. AT. vfaroh.......
9.090.000 1.Ì77.COO
390.000
9 137. 00
Central National..
152,879 128,040
550,172
426,998
44,000 Manhattan
3.419,1100
264.000 4220 100
784.000
Second Natio a l..
E l... M a r ch ..... 687,744 604,1-89 1,937,811 1,733,230
365.200 „5,550.700
40.OOO
5.274.300 1.040 500
Ninth National....
12,805
99,441
9,943
77,607
449,100 Mar. Hough. A O. 4th wkMar
317.800 ■*1/7 £.000
First National...... 22.172.400 5.2(2 100
Memphis ACbas. 1st wk Apr
31,085
440,054
18,548
355,117
5.206 90
1,077.900
Third Natl nal....
3(7.400
5,3*7.900
201,60o * Mexican Cent’ !. 1st wk Apr
82,211
68,990 1,283,419 1,007,535
1,47 (.800
2 U.400
122.400
N. Y. Nat. E xch...
1,320.5 00
223.300 *Mex.N. (N. Dlv) February .
.......... J 2.528.800
Bowery
499.900
121.800 2.431 500
38,610
84,491
41,643
86,458
2.217.400
412 700
180,000
N. Y. County...... .
238.100 2,750 500
do
(So.Divi March.......
101,970
271,739
93.410
235.076
. . . . ...
German- Amerio’n . 2.645.100
330,800
112,900 2 .3 (4 /0 0
do
all lines February . 133,719 122,777
273,047
245.010
5.212.900 1,381/00
45,000 Michig’ n A Ohio. 4th wkFel
Chase National....
285.000 8.4(9.700
4,362
30,603
4,965
31,789
3.735.500
Filth Avenue........
936.100
84 500 3,973 300
MU.L.Sh.A West. 1st wk Apr
591,343
55,678
33.420
380,169
2.610.700
German Exoh’nge.
210.000
360,1'00 3.016 000
Milwaukee A No 1st wk Apr
18.076
12,944
231,309
156,201
Germania............. 2.398.200
125.500
815,700 2.500 300
221,211
194,387
46,000 Minneap.ASt. L. February . 103,366 120,692
United States........ 5 267.500 1.323.400
22 ( 00
5.598.600
L incoln............... 2.622.800
22,40«
5,019
238,358
45,00b M. mu. A No. West. 1st wk Apr
144.400 3.278. 00
711.100
72,547
1.734.700
Garfield.................
108 900 2,010,00b
494.600
46,000 Miss. A T en u . .. M a r c h ___
37,037
40.311
124,447
109,732
Filth National...':.
1.602.200
814.900
148.100 1,749.300
134,.0b Mobile A O h io .. Maroh___
189,465 166,152
625,979
517.554
3.788.600 1.213.000
B’k of the Metrop.
........
183,500 4.8 57.200
Nash. Ch. ASt.L. March.......
245,733 187,350
737,288
557.521
....... N.
West Side............
1,845,200
2 4 1 0 * 29 ’ ,400 2,b89,i 0b
Y.Cen.AH .R..
!,919,810 2,759.266 8,089.351 7,342,201
2.319.300
Seaboard ..............
459.900
43,000 N. Y . City A No. March.......
134.800 2. 34,00 '
11,107
142,010
9,039
128,234
Sixth National___
1.957.700
38U.OOO
175,000 cN.Y. L. E. A W Wk. A pi. 9
100.600 2 112,500
February
,457,958 1,247,475 2,816,320 2,501,587
N .Y.Pcnn.A O. February
955,782
855,151
445,918 447,075
Total............
870.917,500 79,408.800 18.989.500 377.130.900 8.309 200 N.Y.
A New B ag February
610.851
312,080 270,924
537,858
N Y.Ont. A W .. 1st w kA pr
307,595
26,162
21,912
276,602
The following are totals for several weeks past:
N .Y . Sus. A W .. February
182,937
»8,341
74.382
150.032
955,442
80.104
53,222
740,841
1887.
Loans.
Specie. L. Tenders. Deposits. Circulation Agg. Clear’gs N >rfotk A West tst w kA p r
N’theaatrn(8.C.) February .
112,6 >7
56,40=)
60,823
118,297
Northern Cent’l. February . 488.9*0 430,961 1,003,937
*
9
831,084
*
$
9
*
Mar2 ( 365,403,000 79,602,700
374.702,200 7,647,800 541,735 395 Northern Pacific i «t wk Apr 300,020 229,520 2,345,367 2,162,206
Api. a 365.659.700 77,990,100 20,259,700
19,487,400; 572.414.700 7,9d0,500 085.299.545 Ohio A M iss....... 1st w kA pr
75,665
59,009 1,060,445
913,437
“ 9 370,917,500 79,408,800 18,989,500
377,130.900 8,309,200 659,208,80b Onto Southern
Match.......
150,860
38,948
51,456
127,715
Oregon Imp. Co. February . 232,590 186,384
495,941
379,406
R A IL R O A D e a r n i n g s .
Oreg. K. a jt. Co. M arch.......
964,399
449,30t) 420,858
961,200
P ennsylvania.. February . 3,988,788 3,549,475 7,840,559 0,971,011
Latest E um ings Reported.
Jan. 1 to Latest Date.
pMoria Deo.AEv st wk Apr
13,159
226,181
10,458
183.115
Roads .
Phila. A E rie___ February
517,552
257,500 233.026
451,856
Week or Mo
1887.
1886.
1887.
1886.
tPhila. A Rc-ad’g February . 1,518,256 1,255,389 3,08 ',077 2,559,567
Coal A Iron Co F ebruary. 1,118,021 726,776 2,155,771 1,641,133
9
9
P’rtRoyaLv Aug February .
S
67,006
89,711
34,968
59,023
A*»h. T. A 8. F . . M arch... 1,735,621
4,271,88£ 3,228,962 RicUui’d APauv. M irch . . . .
370.000 392,514 1,062.090 1,017,554
Atlanta A Char.. February . 113,739
228,316
Va.Midl’d
Div
210,966
M
arch.......
114.000
33-1,439
113.981
313,431
At lau tic A P a o . March.......
229,728
545,764
344,933
Char.Col.AAu.j M arch.......
222,000
73,800
82,160
230,580
Aug’sta &Knoxv F ebruary.
17,807
31,74£
C ol.AGr.Dlv M t?ch .......
26,545
66,200
177,456
74,527
212,258
Balt. A Potomac February . 110,528
217,655
195,389
West.No.C.Plv M arch.......
41,600
141,086
45.605
122.487
Butr.N.Y.A Phil. 1st w k Apr
47.400
627,357
Wash.O.
A
W..
587,
H78
March.......
8.500
23,000
18.700
7,300
B iff. Roch.&Pitt 1st wk A pr
36,698
430,70C
Bt. Jo. A Gd. Isl. 1st wk Apr
374,336 1
25.285
330,992
25,136
303.047
B ír.Ced.R.A No. 4th wk.Mar 105,173
70
<,('21
6t.
L.
Alton
AT.
H
627,054
1th
wkM
.r
43.084
352,532
25,843
283,424
Cairo V. A Chic. 1st wk ADr
12,622
181,622
Branches........ 4th wkiMar
133,626
25,630
213,329
13,867
179:778
Cal. Southern... 1st wk Apr
34,500
417,610
140,377 8t. L. Ark.ATex. 1st wk Apr
42.678
552,772
20,581
428,040
ICamden A A tl’c F ebruary.
25,804
55,647
4 «,593 8 j.L. ASan.Frau. 1st wk Apr 107,311
63,907 1,438.603 1,010,530
Canadian Pacido 1st wk Apr 198.000
2,007,139 1,784.581 8 c. Paul A Puluth 1st w kA pr
26,374
305,157
23,090
229.973
Cp.F’rAYad.Val March.......
22,455
8t.P.Min.A Man. M -rch ..
67,352
58 8 44 g
079,803 601,910 1,573,862, 1,422,259
Central o f G eo.. February . 564,399
1,09
>,129
1,002,987
6
Scioto
V
alley
...
January
,
56.223
56.223
43.735
43,735
Central Iow a... March.......
130,288
338,153
296.892 Shenandoah
g
Val February
57,620
114,908
40,680
83,263
Charleat’n A Sav February.
53,764
1 100,776
94,467 g
South Carolina.. February
114,599 120,054
212,731
214,429
Qhesap. A Ohio. March....... 346, 97
958.789
872,564 £
8o. Paoifio Co.—
Eliz.Lex.AB.8. March.......
75,154
220,225
19 /,193
Gai.Har. AS. A Tanuary.
221,392 199,347
221,392
199.347
Ches. O. A 8. W. M arch.......
152,644
423, 47
36 *,899
Louis’a West. January ..
58,539
58,539
5 l ,3 ¿ l
51.321
Chic. A A lton... January ..
672,509
672,509
557,8(1
Morgan’s
LAT
January
..
368,274
368,274
389,877
389.877
Chic. A Atlantic 1st wk Apr
59,098
568,87.
375, »08
N. Y .T. A M ex. January ..
12,459
12,4ô9
11,730
Chic. Burl. & No. February.. 183,449;
11.730
339,105
Tex. a N. O -i. January ..
81,534
81,534
82,703
■Chic. Bur. A Q .. F ebru ary . 1,847,235
82,703
3,832,620 3,211,238
Atlan’o syst’ m January .. 742,198 734.978
742,198
Ohio. A East. ni. 1st wk Apr
734,978
40,002
33,448
505.144
441,496
Paoifio system Jauuary .. 1,601,617 1,273,442 1,661,617 1,273,442
Ohio. Mil. A8t.P. 1st wkApr
541.000 431,2s6 5,769.000 4,473,975
T o t a l .......... January
2,403,815 2,008.420 2,403, «15 2,008,420
Ohio. A N’thw’n. February . 1,634,180 1,678,50
3,357,353
3,006,607
e
Spart
Un.ACol.. F ebru ary .
9.2 *4
11,159
15,10 >
Chic. A O. R iv.. 3 wks Jan.
17,233
5.747
4,395
5,747
4,395 8
« t f tea Is.Rap.Tr Mareh.......
41,366
45.158
125,401
110,920
<Jhie.8t.L.APitts M arch ....'. 475,521 384,960
1.327,718
1,075,79
7
1
Texas
a
raoitio
March.
...
527,22
( 361,033 1,541,607 1,22 », 196
Chie.8t.P.M.AO. February . 369,268 395,600
740,969
735,121 T
1 ol.a.A .A N .M ’h st w k A p r
8,535
6,252
123,610
Colo. AW. Mich. 1st wk A- r
82,779
23,619
24.129
33 L.750
332.986 T
rJ ol.A O luo Cent. » t w k A p r
16,079
10,549
256,104
Oin. Ham. A D .. 1st wk Apr
170,137
59,113
50,083
804.786
700,033 1
Union P a cific... February . 1,675,914 1,594,776 3,413,207 2,934,386
Clu.Ind.8t.L.AC. 1 t w k A p r
44,546
44.780
689.265
668.152 Valley
V
o f Ohio.. Maroh.......
58,939
45,290
Clin. N. O. AT.P. 4th wkM<r 103,613
146,028
120,417
86,838
790.300
649.878 Wabash—
V
Ala. Gt. South. 4th wkMar
3
8
,(0
7
3
4
,’
98
3
1,
>09
2
9
,3
-2
East
of
Miss...
January
..
432,530 414,880
N. Ori. A N. E. 4th wkMar
432,530
414,880
22.401
22,180
177,480
169,5 4
West of M iss.. 1st wk Apr 114,832
86,612 1,584,98« 1,364,752
Vioksb. A Mer. 4th wkMar
15,143
13,202
139,411
131.937 iWest
t
Jersey .... February .
77,570
64.026
Vicks. 8h. A P. 4th wkMar
154.398
13 ,520
14.796Ì
1 (,549
145,445
118,s31 V
Wil. Col. A A ug. February .
70,130
6
(,058
139,4(7
Erlanger Syst. 4th wkMa
124,838
194,360’ 167,067 1,621,145 1,359,5 '3 Wheeling
Y
A L .E . st w kA pr
9.315
13,678
177,314
<Jm.RloU.AFt.W. 1st wk Apr
140,427
7,210
5,918
102.996
9 ,083 W
V («cousin <Jent’ l 1st w k A pr
38.146
29.857;
479.455
Cm. Wash. A Bali 1st wk Apr
349,755
38,592
34.216
567,*>9.
51 1.4(0
Min. St.C.A W. 1st w k A p r
9,293
4.513
Ciev. Akron A Col 1st w kA pr
53,600
116.607
10.998
9,380
133,905
123.050
Wls.
A
M
inn..
'
1st
wk
Apr
4,24
ll
18,887
Clev. A Canton. F ebruary.
210,019
44,539
22,551
21,630
50,016
42.460 Ctev.Col.O.A Ind March....... 3*1,913 299,706
939,015
854,131
< ley. A Marietta March.......
* M exican currency.
29,662
2 ’ ,7 8 1
78,Hi t
67,43 4
c Nut including earnings o f New Y ork Pennsylvania & Ohio.
1 Not including Central o f New Jersey In either year. 1
1 And Branches.
{ Including Branches.




TH E CHRONICLE.

492

[ Y ol.

X LIY.

AB3TRACT FROM REPORTS OF THE NATIONAL BANKS MADS TO THE COMPTROLLER MARO g 4, 1887.
D eposits.

V>9

C apital.

1887.

£ Delaware.......
® Baltimore . . . .
¡3 Maryland, oth.
<0 Washington...
S Diet. Col., oth.
E Virginia..........
• West Virginia.
1 Total Dlv.No.3
North Carolina
Bout h Carolina
G e o r g ia .......
, F lo r id a .......
fl Alabama........
c Mississippi....
2 New Orleans..
5» Louisiana, oth
g Texas..............
S Arkansas. . . . .
• Louisville .. ..
Kentucky,oth
Tennessee.....
£ Total Dlv.Ne.4
...
i Cincinnati.
Cleveland. . . .
9 Ohio, other. . .

2 Indiana...........
25 Chicago...........
g Illinois, other.
. D e tr o it........
£ Miohig'n,other
® Milwaukee....
ft Wisconsin,oth.
£ Total Div.No.5

$
9,730,874
5,3 7 8 9 3 3
5,939,958
77,551,860
52.896,302
13,542,264
26.4 0.056
191.51o,247

2,374,735
71 10.360.000
1,397,073
6.155.000
49
1,5? 1,346
7.591.000
49
11,820,705
50.950.000
64
197 45,110,500 13,996.065
4,146,705
61 20,340,050
6.971,0-5
84 21.671,820
5651165.176,370 42,297,654
45 40.150.000 27,523,704 237,112,208
1,240.01)0
6.458,057
1,750,000
6
87,163 364
9,751,990
268 34, 8 84.870
85.4o7,669
4,244,580
7tt 12,444,500
7 5 ,9 6 1,3o6
41 2J,*>58,' 00 10,260,803
22,586,518
4,0^6,476
23 10.180.000
68.947.226
10.931.809
33.108,840
282
533,636,412
6r
,023,36
691159,071,210
771,250
4,lo8,48i*
2,033,985
16
19,694,642
3,399,000
17 11.713,260
5,985,894
871.078
2,746,700
30
6,674,369
401,500*
1>450,000
7
757,115
60,00(7
252,000
1
9,615,3
>8
1,352,301
3,791,300
25
458,244
2,776, 57
1.861,000
19
49,'*71,934
7,313,-*78
115 2 3 ,6 4 6 ,2 4 5
4,*01,360
532,549
2.376.000
1
4,527,916
770,00«)
1,729,6*0
16
5.066,Obi
921,833
2.736.001
17
1,8*8,738
46,500
550.000
9
7,550,769
469,500
2,729,250
15
1,624,534
96,289
675.000
8
11,827,271
1,165,000
3.425.000
8
895,114
11,000
400.000
3
13,719,983
2,290,404
8.421.000
79
2,711,180
102,300
800.000
6
3,918,926
934,003
3.551.500
9
2.254,090
9.841,687
9,758,900
59
14,295,475
1,121,308
5.942.500
36
B l, 918,974
262 43,094,790 1 0 , 7 1 4 , 7 7 6
20,008,970
1.420.000
13 1 0 ,100,000
12,161,416
809.000
6.700.000
9
89,621,347
5,006,364
22
,
112,000
187
24.002,648
3,437,825
92 11,894,500
44,420,413
3.715.000
15 13,950,000
4,433,134
32,70),615
156 14,018,950
424,300
8,571,329
3.300.000
7
22,040,441
2,106,716
97 10,534,600
390.000
6,t09,469
650,000
8
12.229,5« ‘
1,101,669
4.150,000
50
629 9 7 .4 1 0 ,0 5 0 22,844.008 2 2 0 ,8 7 1 ,1 9
2,525,004
2,299,052
1,« 65,000
855,46*
1,255,196
1,391,0-0
584,887
9,9 ■5,632

18,793,31
23,959,40
6,851,017
13,555,527
16,216,452
15,476,653
4,538,299
99,390,662

Nevada..........
Ban Francisco,
California,oth.
Oregon............
Washington T.
Total Div.No.7

126 l o , 0 /5 ,0 0 0
55 12,716.200
3.O00.000
5
6.131.000
40
7,757,400
110
7.750.000
96
8.260.000
56
486 50,639,600
15",000
2,660,000
3.850.000
1.355.000
1.130.000
8,845,000

3'),000
253,891
638,171
103,85«)
199,077
1,224,989

339,410
2,033,378
12,344,841
4,461,930
2,794,559
21,974,118

f Arizona_____
** Colorado........
S Idaho............
Montana. . . .
“ New Mexico.
fl Utah..............
g Wyoming. . . .
I Total Div.No.8

2.435.000
350.000
1.925.000
825.000
850.000
1,0 .9 ,5 0 0
7,414,500

900,500
27,130
369.250
168,209
328.250
190,000
1,963,339

13,372,181
457,307
6,978,977
1,583,258
1,926,437
1,633,995
25.952,155

i
®
g
g
5
“

Total for U. 8.

125,641
98.817
66.814
229,014
583,511
140,041
280,670
1,524,5 L*

8,741
13,053
3.189
255,069
49.836
43,619
4' ',374

135,51«
308,794
6 4 .-3 *
338,044
2x1,114
123,381
301,310
1,568,000

9.040
650,533
17,976,010
1,940
258,947
8,993,812
311,769
19,220
11.938,05
129,723.753 5,805,217 4,305,530
197,660
89,862,734 2,232.853
64,570
433.473
3 3 ,5 6 1,43 43,< 89.839 1.3 *0.259 __196,100
4,795.160
1,033,086
3 3 5 . ' 4 * ,« 9 4

1,114,518
131 840
8- 0,169
261,3.' 3
210.796
294.083
433,294
3,296 013

7V/Ü,614 3 6 5 ,8 0 9 14,959,934
272,874.5'*8 27,850,871 45,9« 0,650
46,926
358,700
280,500
593,352
8,179,455
86,182 3,061,186
668,967
96 41 7 .4 2 4 3,562.739 1,276,480
67,651 1,722,592
342,101
214,660
36.342,25* 1,246,020
621,443 228.951 5,445,923
400,700
81,313,540 8,751,960
52,882 1,643,794
188,670
611.640
26,971,811 1,878,123
726,583 103,0 8 2 ,K43,699
271,061
74.702,184 3,512.619
598.501 178 47,3 x.'»,6"4 49,0 lft,«>9l 3,295,30« 904,6-^3 29,735,828
1 ¿.out*
6 4 ,7 3 4
127,57»
23,8 ¡0
184.956
4,685,92
45,200 2,615,273
180.541
27,319,735 1,295,«36 1,077,050
23,151
93,016
307,448
36,980
269,786
6,180,742
66,530
20,145
725,053
584,910
220,121
3,570,624
2,170
11,282
82,580
70,000
80,000
311,712
34,3 ’ 1
156,382
615,264
21,170
326,876
10,686,250
6,4
97
35,613
220,892
9,440
215,213
3,593,057
561,743 180.7*9 4 ,7 2 4 ,0 3 0
56, *4**,0 -9 2.592,788 1,82 >.42
1 280
75,105
296,68»
248,722
4,829,540
2,284
341,556
177,893
4,64«
136,18«
4,26«»,547
63,350
344,326
243,8 2
262,926
77,020
6,230,698
1,25«
1 7 7 ,0 3 »
34.260
800
30,168
1,365,415
60,068
478,983
78,061
24,220
294,372
6,144,3-5
28,028
168,899
32,80
48,283
1,552,746
121,228 600,100 1,876,023
147,240
372,9M
8,7«3,752
23,6t>0
42,406
111,033
3,700
8,971
474.181
335,839 233,611 1,837.43»
102,860
697,940
17,291,314
53,769
163.479
60.418
31,530
60.994
1,950,924
504.218
5.000
43,090
334,184
75,000
9,050,697
19,160
492,917
83.678
52,100
380,686
16,976,362
8 7 7 ,4 4 4
175.67 ¿ 161.906
1 0 1 .2 7 0
518.634
14.951.642
1,504.263 1,253,400 7,670.918
620,43
9 3 , 8 4 1 , 2« )3 3,39ft,024

33 542
353,998
52,015
500,958
940,••'13
«>8,357
275,632
126,713
90,208

290,331
112,183
942,655
7 2 /,7 2 7
362, «73
2,996,279

103,119
80,922
459,957
374,193
257.628
372,301
111,617
225,060
27,108
li:« ,9 « 3
2,126,768

2 5 8 , OÖ0

6.240
557,63

3,3 0 »,234
7*0,000
2,689,409
1,741,479
5,438,505
1,876,452
696,703
711,437
499,834
407,923
18,220,981

e4,67*)

1,«>95,481
798,547
1,228,483
1,004,099
1,019,981
741,361
286,914
6,175,769

1,124

4,1*8
2,266
232.912
24.491
31,70»
295,487

26,406,9 1
16,018.342
47,74 3,277
25,679,282
57,33 ,719
33,725,844
10,756,272
26,922,744
4,142,446
12,262,81“
260.995.71

310.669
513,881
375,685
212,570
379,910
471,854
173,929

22,976,81
33,546,256
9,239.320
15,677,312
17,402,505
20,<3»,701
5,448,119
124, ->25,»6

1,089,07«
1,804,323
944,110
891,108
943.559
1,006,086
270,706
6,957,»«5

438,29
3,910,802
10,199,082
3,869,«61
2,775,776
21,193,615

5 •«,49o
973,143
1,983,511
973,923
484.57
4,473.653

2 ,4 3 6 , 4 9 e

105,764
530,914
63 6,6)8
609.950
49,915
175,109
74,2) 1
80 ,051

1,093,603
59,800
7,388.051
723,63«
110,7u0
1 ,7 2 1 ,7 8 4
206,266
2,061,380
265,608
2,315,221
24,384,16' 2,459.813

10,384,635
5 1 3 ,0 8 «

4 1 3 ,8 8 1

184,548
124.706
141.438
2,520.842
1,372,636
478,179
788 381
5,610,73»

36 >,090
004,615
240.000
779.246
101,630
2,243,725
223,500
1,940,5 «1
8,667,677 1,150,000
162,170
1,995,260
20,41«'
967,641
44,780
1,322.686
130.000
559,195
13,7*0
850,402
19.880.948 2.451.320

2,00 <*,882
530,8*>3
723,641
1,099,455
296,696
897,650
464,028
44,507
492,375
91,734
6,600,831

’51,247
49,304
1 2 3 ,8 2 5
4 0 .5 2 2

6,560
18,745
2 ,5 4 0

900

249,721
207,3->1
25,363
150,834
167,047
207,55«
77,657

3 0 6 ,5 2 0

1 .0 8 5 ,5 8

47,2 „
4,195
6.730
100,871
61,504
20,384
4,4 «
245,450

23,400
5,510
910
29,910

0,612
25,950
113,864
97,780
52,660
209.66

¿7 ’,484
4 ,-2 0
3.380
76.908

155,274
5,671
51,469
23,410
24.40?
13,204

14,683<
503
2,939
3,440
3,844
409

17,410
146,520

97,520
30,940
18,560

10,080
” 6,770
"50,800

796,627
43,652
436,093
85,051
31,571
46,421
1,439,415

2 7 3 ,4 3 «
2-i,8 18
67,650
989,2e6
10,«>71.2371
a ,667,b08 73,873,158
« h,**38,-61 59,200,
1,515.534,67
19.511.098
1,224,925.69-____ ;_______
____ __lOl
___ *
--* ) '“ ” ■
-------------------STATEMENT P « 1 THTK NATIONAL BAN KB OF THE RESERVE CITIES, AND TOTALS.
©
«1
S
§
61
1
S
S
Is
1O
I
if
ft
.a
I
I
O
i 1
»-J I
s i*
g
1
i
&
1
§
g«S
g
»
1
p
§
03
55
6
3
¡<
3
0
ft
0«
1
Millions. Millions. Millions.
Mill's. Mill's. Mil’s. Mill's. Mil’s. Mil’s. Mil’s. MU’s. Mil’s. Mil’s. Mü’s. MU’s. Mil’s. MU’s. MU’s. Mil’s.
3 ’57 876 9-05 26-41 1602 5734 1076 4*14 9-24 3*91 6 9 7 5 8 8 1 7 9 5 1 ,5 1 5 »
1 2 9 -7 2 2 7 » ‘88 8-18 81-31 * 8 9 7
45-61 1 6 5 9 3 211-54
•70
•40
•76
•36
•90
•65
74 4-65
•68 1-83
4*10 4-20 *•98
9 21 1-22
12-75
32-70
19-62
1308
•50
•45
•90
•55
•61
•31 1*00 2-93
•95
*40
•80
•25
•15
•61
317
S I-«
5 3 52
33*92
•02
•38
•51
•33
•26 2-11
•23 3-80
•31 1-68
*74
•29
3 ‘86
*43
3 ‘37 16-70
271-35
163-24
•49 1 0 811
13-8 5 4*86 3*18 1-38 300 1-68 7-00 333 16 45 379 1-56 301
» 1 -8 5 » 1 1
»117
5513
32-85
22-28
•08
•10
•28
71
•12
•68
•44
•15
•33
•45
•79
3 2 9 1-56
•28
»•87 1 0 1 5
7350
37 60
35-90
•94
•97
•97
•55
8-67
78
•34
•37
*50
•22
*•36 1-88 1-30
•59
965
3*81
59*0
3-71
55-49
•15
•02
•18
•24 115
•15
•07
•36
•58
’Öl 1'08
•40
•28
4 ’Sl 4 5 '9 6
24-03
•04
24-69
0*39
1820
io -«
7-89
2*78
•03
•03
*11
•25
•03
•08
•01
•12
•10
*18
•02
•19
•62
•05
•70
•23
3-67
1-65
2-02
•01
•01
•12
•60
•01
•26
*04
•07
*05
•23
•87
•25
6 « 23
3 0 64
35*59
70
•50 1-09
74 533
•50 *•54
70 1-88
3*63 1'64 1*16
•16
l» -9 8
»04
<24-62
17-61
7-01
•01
•14
•17
•02
•24 116
•19
•05
•59
*35
•06
•46
•68
•09
1-63
1-18
8924
87-13
*•11
•64
•10
•23
•19
•12 370
•05
1-0«
•47
»•40 1 0 9 *•01
•16
9 0 6 58*82
764
•56
708
•14
•01
•11
•86
•03
146
•2u
1-82
1-98
•47
11-14
779
3-35
•04
•03
•03
•08
•03
•04
•03
•07
•23
•13
•02
•22
•20
•06
1-48
•66
36®1
2663
1 0 28
•03
•15
•22
•02
•15
•22
•21 1-09
•21
•43
•17
•47
1-42
•27
329
1-83
1,191-80 1,389-34 2,581-1*
14-23 1 3 3 8 1 46*79 43*22 9*46 2 0 1 0 14 11 5 1 12 24 01 9 9 1 3 17-53 8*53 17-58 678

74

555,351,785
«'W 164,337,133
¡.909UU«Jt/,Ut;i,l

T otals fob rksk bvk
Cit ie s , &c.

Resource«.
Bonds for circulation..
Other U. S. bonds......
Stocks, bonds, &c.........
Due from banks...........
Gold co in ....................
Gold Treasury cert’s...
Gold Clear. House ctfs.
Silver coin....................
Silver certificates.........
Legal tender notes.......
National bank notes....
Clearing House exch’s.
U .8. ctis. of deposit....
Due from U. 8. Treas..
Other resources...........

*

Baltimore.

5

Albany.

f Iowa................
Minnesota. . . .
Bt. Louis.........
S Missouri, oth’r
• K ansas....
I? Nebraska .
I? D a k o ta ....___
[ Total Div.No.6

Other.

Silver Lea.tend’rs
T reasury d u. S. etjs.
eertific’tes o f deposit.

S ilver.

Total
1 Other
Cities.

£ New York City
• Albany............
¡5 N. York, other
■6 New Jersey...
S Philadelphia..
*3 Pittsburg.......
u Penna., other.
£ Total Diy.No.2

In d ividu al.

Cold
L oans d dis­ Cold and
counts. fin e r g gold C. H . Treasury
overd ra fts.) certificates, certificates

Total
Reserve
Cities.

f Maine.......... . .
4 N. Hampshire.
St V erm o n t......
■ Boston.............
5 Mass., other ..
* Rhode Island.
£ Connecticut...
£ Total Div.No.l

Surplus.

19009
6889
2 5 37
39-65
56854
29693
2-33

365*26 55585
9545 164-3*
6725
41*88
146-69 18634
1,24443
67 5 8 9
5542 35235
111#
875

L ia b ilities .

Capital stock...............
Surplus fund................
Undivided profits........
Circulation.................
Due to depositors.......
Due to banks................
Other liabilities...........
T otals..............




4515
» 7 -5 2
10-60

1-75
1-24

771
11-35
» 7 -8 9 » 3 8 2 3
3842 15958
•23
•03

1-08
6-59
3-35

50*95
11-82

5-87

*21

•01

* 1 5 6 1 0 1 8 1171
10-26 4-06 3-40
•99 1-20
* ‘34
3 5 9 3 6 4 262
7 0 1 7 **•88 2 0 0 5
1 9 8 8 4*93 4 ’ 19
•05
•0«
•11

196*43 4 8 9 0 2 14-23 133 -8 1 4 6 7 9 4 3 -2 2

•65 3-00
1-45 3*43 3-55 10-10 670 13-95 3-80
•42
•3» 1-07
•81 371
•94 1-42
•40 117
•28
•17
•31
•45 1-07
•25
•76
-44
•19
•68
•34
•38
•68
•59
•67 418
•49 1-08
7-22
tf-04
559
44
72
12-69
48
6
22-02
6-73 11-83
17 *14 3-57 12-07 1-97 35*00 4-12 1-40 517
•16
•80
*57
•27
•03
•01
9-4« 20*10 14- H 5112 2 4 01 9913 17-53 8 ’53 17 58

2-66
•26
•14
•62
2*03
1-02

6-73 1,191-80 1,38934

\!
>#5

Totals..................... 1 9 6 4 3 4 8 9 -0 2

A PRIL

16 1887. J

THE CHRONICLE.

493

Itt ix e s tt m u t
h 6 ld b y t h e ° ° m -

AND

in t t e

R a ilr o a d

in tjc llig e it c e .

b “ ,‘

00mp“ * 1

OPERATIONS AND FISCAL RESULTS.
Miles operated.........

1,280

l®318

1340

The I n v e s t o r s ’ S u p p l e m e n t contains a complete exhibit of
Operations— „ the Funded Debt of States and Cities and of the Stocks and Passenger m ildage.. 57,330,593 58,074,281 47 504 486
Bonds of Railroads and other Companies. It is published Rate $ p a ss.» mile. 2-58 at* . o i l
on the last Saturday o f every other month—viz., January A
ratei $)
ton k
$ }¿T..
Kv. S
iw
p 268s
r 329®
* 1 ots.
™
1*25 ™
ots. * * 41-27
March, May, July, September and November, and is fu r­ Earnings—
$
$
nished without extra charge to all regular subscribers of the Passenger........, ........ 1,470,558 1,430,711
1,305,515
C h r o n ic l e .
Extra copies are sold to subscribers o f the F r e ig h t ........... ....... 3,843,948 4,132,530 4,255,398
Mail, express, &o. .■.. 200,778
221,690
C h r o n ic l e at 60 cents each, and to others at $1 per copy.
253,897

ANNUAL REPORTS.
Norfolk & Western Railroad.
(For the year ending December 81, 1886.)
A map o f this road w ill be found in the I nvestors’ Sup
PLEMENT.

The annual report for 1886 is just published and makes a
remarkably good exhibit, showing an increase of $169,318 in
net earnings compared with the year 1885. The various inter­
ests of the company are so large, including its through busi­
ness, coal traffic, new extensions, &c., that full justice could
not be done the company in this column, and the President’s
r®Port at length, together with the balance sheet at the close
of 1886 will be found on a subsequent page.
Comparative statistics for four years are as follow s:
The comparative statistics for four years have been com­
piled for the C hronicle as follow s:

\8i$ k
14
o ik
54>6o3,635
3 7 4

™ $?
9

1-19 Ots.

1,413.218
4,466,734
273,315
8,153,267
3,848,575
2.304.692
62-54

Tot. gross earnings
5,515,284
5,784,931" 5,814,810
O p erg exp. & txa.
3.623,827
4.007,022
3.721,151
Net e a r n in g s ........ ‘ 1,891.457
1,777.909" 2.093.659
P.o. o f op. ex. to earn.
65-70
69-26
63-99
INCOME ACCOUNT
1883.
1884.
1885.
1886.
Receipts—
$
*
$
«
$
Net earn in g s............
1,891,457
1,777,909
2.093.659
2.304.692
Net from land grants
547,777
651,125
721,995
741,065
Other receipts..........
153,623
212,221
33,235
73,959
Total in c o m e ....
2,592,857
2,641,255
2,848,889
3,119,716
Disbursements—
$
$
9
$
Rentals paid..............
35,564
49,174
62,982
117,009
1,222,371
Interest on debt.......
1,320,146
1,334,324
1,337,956
Div. on pref. stock ..
770,476
787,976
675,408
675,408
Rate of dividend . . . .
(7)
(7)
, (6)
Loss on prop, roads.
12,356
13,065
12,524
l>?624
Tot. disbursem’ta
2,040,767
2,170,361
2,085,238
2,139,997
Balanoe]surplas.......
552,090
470,894
763,651
979,719
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
,
.
1883.
1884.
1885.
1886.
Assets —
$
9
RR.,bldgs,|eqpt.,&o. 49,993,541 50,877,826
52.091,218 53,156,508
8tks.&bds ow n’d,cost 1,017,426
1,158,772
596,399
681,802
453,986
A d v a n c e s ...............
481,091
427,887
1,015,305
Bills & aoo’ ts reo’ ble.
*388,375
*478,821
*368,490
*134,644
Materials, fuel, & o..
595,463
690,406
576,723
520,645
Cash on hand...........
1,155,289
1,552,184
2,211.330
2,075,146
Minn.East. bds. (gu.).
75,000
75,000
75,000
75,000

Miles ow ’d & oper’d .
^OS
1 503
1|xo‘
Xf 33
Operations—
Passenger m ileage.. 16,285,288 19,213,251 19.151,534 19 580 000
E^te per pass, per m ,
3-815 ots.
3 -362 cts.
3-027 eta.
3-122 eta
Freight (tona)mil’ge 155,521,709 171,773,275 295,788,872 403 008 908
Rate per ton p e rm ..
1-409 ots.
1-202 ots.
0-74l ota
0 655 eta
Total assets....... 53,679,080 55,314,100 56,347,047 57,659,050
E a rn in g s$
$
*
s
’
Liabilities—
Passenger.....................
485,805 521,192
458,445
486 231Stock, co m m o n ....... 18,559,760 18,559,660
^ e ig h t .......... .......
2,181,711
2,025,087
2,1 3 8 1 2 0
2 590 8*7 Stock, p referred ___ 11,259,933 11,259,933 18^559,660 18,559,627
Mail, express, & o ....
145,260
164,875
174 555
174 998Bonded d ebt............. 21,086,620 22,339,970 11,259,933 11,259,933
22,339,970 22,620,092
Miun. East. bds. (gu.)
75,000
75,000
75,000
Total gross eara’s.
75,000
2,812,776
2,711,154
244,074
2,771,120
3,252,056 Coup. & aocrued Int.
258,348
234,935
254,027
.
9
Operating expenses
Voohrs, pay-r’lls.&o.
587.<>69
9
500,345
632,440
577,023
Diviaends
.........
197
533
Mainte’ce o f way,<feo
260,990
232,977
197,090
255,149
337,704
312,587 Inoome acot.balanoe
338,002
Mainte’ce o f equip’t.
1,6521861
115,477
116,087
2,123,754
138,838
2,387,405
171,716 M iscellaneous. . . . . . .
3,867,124
Motive p o w e r .......
16 230
442,089
409,533
455,074
551,714
108,223
Tran sport’n expen..
499,881
539,134
576,237
686,840
General.....................
191,136
219,127
_Total liabilities. 53,679,080 55,314,100 56,347,047 57,659,050
223,993
235,053
Total (tnol’g taxes)
1,509,374
1,516,858
1,649,291
1,960,910
Net earnin gs..........
1,303,202
1,194,296
1,121,829
1,291.146 ? 8 8 f S S
P.o. of op. ex. to earn
53-7
55-9
600
60-29
Columbus Hocking T alley & Toledo Railway.
INCOME ACCOUNT.
(For the year ending December 81, 1886.)
1883.
1884.
1885.
1886.
Receipts—
9
$
hnard
Mr- J* w * Shaw, President, says that the
S S 5 ft s .-;..:::
1*308:20.2 w » 6
1.12?,829
1,291,146
directors are not willing to allow the report to go
34,303
?88fi <‘h0U Kfi°mmentu Tbe general balance sheet of Deo. 81.
Total inoome.........
1,303,202
1,194,296
1,121,829
1,325,449 c o m n a n ^ h n iT f o ? f® w T - accordiag to the books o f the
Disbursements—
$
$
9
SXSSZfiL » it is calcuiated in some respects to mislead the
$
ï£ter. on bonds, & o..
810,792
953,436
1,139,991
1.184*547 w «
‘ Among the assets appear stocks, $8,000,000.
D ividen d s...........
521 non
M isce lla n e o u s.....:.
............
We flnd no such stocks, except that it appears from the £
55,699
9,239
B ^ o 1n*i8bUr8em’t8Halanee ....................

1-335,792
953,436
1,195,690
1,193,786
def.32,590 sur.240,860 def.
73,861 sur. 131,663

a^o^ta^fUZprecfatl^)1' i ^ e®eS
3r1’
*£80,052; charged off on
Machine Works, *300 000- for a
aQd Roanoke
for deficit in 1885 *73 ftfii •
“rdl1narJ expenses, &c., *133,185;
! balance of earnings in 1886 (*131 §63) *204 fifiQ•
8£’ J*73,006; add
Chicago St. Paul Minneapolis & Omaha Railway.
(For the year ending December 31, 1886.)
op ^ a a T a H h e’ K o t e v S ? 4
,

W O miiea, S

T 0^

o£ « « « a d in
™

the year ’rh'«

'% “,hS i raouM

capital stick during
*he ° ‘, r f o f tb°
scrip and the obligation nf tbf*Ud®8 a sma^ Iot o£ convertible
apolis Eastern
^he c o m Pan y on $75,000 of Minnet^iiJand dollare of**?«
u** / w o hundred and
account of 13 m ile s e x te n sin n n ? ° lldat^ bonJ 8 w e re issued fo r

m

and 6 m iles o f ^ h l S d
tional bond s e r i n ? S i T ? T a y ’
beginning o f

the com pany.

the yea?
y

*

? T er F a lls to E llsw o r th ,
and
c o n v e rsio n o f fr a c -

m a lre & 3 7 7 o n n $ 97 ,(j50 .o n h a n d at the
a k ® $377,000 unsold, m possession of

8Arecord® that at a meeting of the board of directors
held August 14, 1882, a resolution was passed directing the
purchas® of all the stock, fifteen thousand shares of the
Hocking Coal & Railroad Company, said to *cover and represent ten thousand acres of coal lands in Hocking, Perr?and
boidH8« ? ^ ? ? 8 f° r $8>000>00\payable in the consolidated
bonds of the company at par, the title of the stock to be
taken m the name of the President as trustee; whereupon
naidPf ? ld« S h£ VUlg repor,ted. that he had 80 Purchased, and
s?-« 8fcock>a resolution was passed that such purchaae be ratified, approved and confirmed. W e find no certificate for such stock, and have been informed by Mr, Greene
the former President, that the certificate has been hist
’
fh .r t h i n*1“ ® ° f uh®. meetinS of August 14, 1882, it appears
ComPauy had no consolidated bonds to dispose ot.
ofhfh a t u U| / thes® bouds, as provided by the resolutions
®1/f RAn
and directors, and by the mortgage was
° f i*1®8.6 $6>500,000 were to remain with the
h® used only to provide for the outstanding bonds
nnn ^ 2 ?® ® .c.on8tltuent companies. Of the remainder, $6,411,000 were sold early in November, 1881, and the balance were
dlat®ly turnf d over t° S. Burke and others, directors of
Pk nyJ a? d wer® soon thereafter sold. Of the proceeds
a ftS ca rp fS l8’ m f“ ° ? ey not on® Pen“ y> so far as discovered
Company f *
®stlgatlon’ ®ver cam® mto the treasury of the

ti,Hnni8Afh®fi0pP
® o f.th® Present management to compel restiin grSs earning? derived^rom fh J®ar the.r® was an increase
sX p l w
/ i 8 thu8 taken’ and 80 t0 make the actual
$338,456, and in
? f onJ thf operation of the road, of S
assets equal to the apparent assets as shown on the books.
k In the Land n?® P*ts fro“ ^ “ ds of $19,070.
by dbecnin6 n f y^ ee Kh® ^11. ouder the advice of counsel and
Land C o m m issio n er?^ thlre w l r e ^ i g T f i f i ^ th e re? ^ r t i )f th e
^ f Ct-10n ° f ithe board o£ directors for this purpose, and
will be vigorously prosecuted.”
*
*
4 ’
Z p : ^ 6 4 ?’ 197 - e s % S n L 9f u6n5sordr1 t t de ¿ g f t
anHTuvKarnin8Si o « l^® ComPany for the months of January
and February, 1887, show a large increase, viz.: $83 832 over
North wlscon8ia
^ 8am® monfcbs of i m >and there is e v e r /
$780,299 p r r of a lihe improvement during the remainder of the
Leaving balance of net receipts.




39,236
*741,065

, The earnings and income, and the general balance have
been compiled for three years for the Chronicle as follows:

THE CHRONICLE.

494

R oad operated.......
Earnings—
P assengers............
Freight”. ..........- ........
Mail, express, & o ..;

BABNINGS AND EXPENSES.
1885.
1884.
1883.
328
324
324
$
$
$
*87,592
398,918
441,704
1,825,186
1,327,322
2,189.177
118,225
116,233
148,501

1886.
£328
$
393,658
1,856,293
111,452

T otal g ross.......
Oper. exp. & taxes.

1.842,473
1,240,654

2,311,003
1,333,697

2,361,403
1,395,234

601,819
Net ea rn in g s.... 1,123,812
67-34
59-56
P .c.ofop.exp.to earn
INCOME ACCOUNT.
1884.
1883.
$
Receipts—
$
601,819
Net earnings............ 1,123,812
M iscellaneous..........

977,306
57-71

966,169
59-08

1885.
J
977,306

1886.

Total receipts..
Disbursements—
in t. on bds. & car tr.
Int. on float’g debt..
Int. to Pa.RR.on l’se
M iscellaneous.........

2,779,382
1,655,570

1,123,812

601,819
,_
866,060
56,814
22,277
.........

866,060
35,725
22,628
......

[V ol. m V .
1883.
s$

1884.
$

81,800
7,601
61,432

85,120
7,237

Total disbnrsem enta..., 150,833
Balance surplus.................... 24,949

92,357
12,041

Disbursements—
Rentals p aid ..........
Other Interest.

1885.
$
12,337
85,120
7,890
......... —

1896.
$
7,014
85,12$
6,83*
............

105,347
42,652

98,967
51,611

GENERAL INVESTMENT NEWS.

Burlington Cedar Rapids & Northern.—Follow ing is a
statement o f the gross and net earnings o f this road obtained
966,169 for publication in the C hronicle :
11,841

977,306

978,010

884,564
61,586
22,902
1,490

946,925
42,832
22,581
18,750

„------- February.-------- » ,— Jan. 1 to Feb. 28.—>
1*87.
1886.
1887.
1886.
$416. Í 48
$385,111
Gross earnings................ $195,933
$207,548
315,203
304,643
Operating e x p e n s e s .....
150,091 145,o O e ___________ ____________
Net earnings............

$15,847

$62,042

$100,943

$80,468

Cairo Vincennes & Chicago.—The gross and net earnings
for February and for two months were as follows:

Jan. 1 to Feb. 28.—,
------February.-----1,031,088
970,542
Tot. disburse’ts.
924,413
945,151
1837.
1886.
1836.
1887.
sur. 6,764 def. 53,078
$103,487
$75,038
$39,560
B alan ce.. . . . . . . . . . . . sur.199-,399 def. 343,332
Gross earnings..................
87,161
68,399
37,424
Operating expenses........ 39,816
' general balance a t close op each fiscal y e a r .
1886.
1883.
1884.
1885.
$21,326
$6,637
$2,136
Net earnings.............. $10,950
$
A Mtpln—■
$
$
$
company has leased about
R all’ ds, b’ldings,&o. 14,948,891 14,986,439 15,618,223 15,666,416
Chicago
&
Indiana.—This
3,894,148 eighteen miles of the Chicago & West Michigan Railroad,
E quipm ent....... ....... 3,370,«5 0
3,537,789
719,431
323,787
R éal estate..............
315,165
321,767
322,165
extending from La Crosse to East Buffalo. This is all there
409,56
Car & loc’ ve trusts.
927,899
759,004
_ 584,287
8
,
000,000 is to the rumor that the West Michigan had been leased to the
Stocks & b o n d s ..... 8,009,920
8,009,920 8,000,000
473,028
B ills & acc’ ts recelv.
152,469
176,757
261,811
190,775 Chicago & Indiana.
Tools, materials, &o.
237,797
200,840
196,758
120,377
Cincinnati Indianapolis St. Louis & Chicago.—Earnings,
Cash on h a n d .......
29,998
84,560
39,628

expenses and charges for February, and for eight months of the
fiscal year, were as follows :

T otal.....................27,993,089
friabilities—
Capital stock .......... 10,316,500
Funded debt....... . 14,658,000
B ills & notes pay’i.
503,392
927,899
Lease warrants.......
fepecial car tru sts...
49,562
A ccrued interest___
143, *03
Other a c c o u n ts .,...
226.829
Profit and l o s s .. .... 1.167,104

28,077,077

28,732,303

29,078,100

10,316,500
14,658,000
896,122
759,004
133,677
176,991
310,011
826,772

11,696,300
14,741,000
756,799
584,287
227,818
173,973
498,424
53.702

11,696,300
16,180,000
237,490
409,569
287,818
169,206
97,092
625

,------- February.--------->
1887.
1886.
Gross earnings............ $196,671
$199,168
Operating expenses..
121,118
130,267

Total liabilities. 27,993,089

28,077,077

28,732,303

29,078,100

Cincinnati Washington & Baltimore.—In advance of the
annual report, the following figures for 1886 are obtained
from the press reports of the meeting at Cincinnati

Net earnings.........
Fixed c h a r g e s ............

$75,553
50,000

$68,901
50,000

$718,253
400,000

$635,960
400,000

Surplus...................

$25,553

$18,901

$318,253

235,969

West Jersey Railroad.
(For the year ending December 81, 1880.)
Earnings f r o m The operations and earnings of the year are shown in the Passengers.........................................
tables below in comparison with previous years published in

*

4.

Mail, express, &c.............................

t h e C h r o n ic l e .

—July 1 to Feb. 28.—
1886-7.
1885-6.
$1,811,834 $1,619,006
983,037
1,093,531

1885.
$461,412
1,019,277
224,581

1886.
$533,797
1,242,6H3
233,916

The net income increased in 1886 by the amount of $18,260.
$1,705,270 $2,010,406
Total earnings....... ...................$1*854,308
1,462,943
1,464,830
Dividends of 6 per cent per annum were paid in the year, The Operati ng expenses and t a x e s .... 1,408,371
amount advanced to the West Jersey & Atlantic Railroad has
Net earnings............................... $445,937
$240,440
$547,463
been funded into the stock of that company, and 5,220 shares
of that stock are now held by the West Jersey.
1886.
1885.
1884.
$547,463
$240,440
Comparative statistics for four years, compiled for the
$445,937
Disbursemen
ts—
C h r o n ic l e , are as follow s:
$693,175
$693,275
[$692,072
BOAD OPEBATED AND FISCAL BESULTS.
1885.
1884.
1883.
120
120
108
Miles o f road ow ned..........
80
90
80
Miles leased and controlled

1886.
120
78

Interest on bonded debt.................
Other interest and miscellaneous.
Balance, defloit...................... .

28,594

1,213

408

$720,667
$274,730
-

$694,489
$454,043

$693,583
$146,120
.

lies Moines & F ort Dodge.—The Rock Islands lease of
the Des Moines & Fort Dodge road for 18 years on guarantee
of 4 per cent on $ 1 ,8 0 0 ,0 0 0 of firet mortgage bonds and 2}$
per cent on $1,200,000 of income bonds has been perfected.
East Tennessee V irginia & Georgia—The following is a
1,352,458
1,286,012
Total gross earn in gs... 1,227,654 1,319,643
849,184 statement of the gross and net earnings of this road:
809,385
816,343
Op. expenses and tax es.... 785.758
188
$
770,632
357,652
99,370

Total o p e ra te d ............
E arnings—
P assenger............................
F reight..... .......................
Mail, express, e tc ................

200

$
825,590
390,196
103,862

503,305
441,896
INCOME ACCOUNT.
1883.
1884.
$
Receipts—
$
503,305
.
441,896
Net earnings........................
11,966
Other r e c e i p t s ................
N et earnings.................

200
$
800,185
394,328
101,499

198
$
850:491
398,874
103,093

476,627

503,274

1885.
$
476,627
14,008

1886.
$
503,274
21,350
524,624
$
41,745
180,174
90,081
89,140
6 p . e.

Total incom e................... 441,896
Disbursements—
$
Rentals paid.......................
36,571
Interest on West Jer. debt.. 178,888
Net earu.of W .J.&A.RR..&0
73,075
D ividends..............................
85,232
R ate ot dividend...................
6 p. c.

515,271

490,625

41,270
175,174
90,668
87,788
6 p. c.

39,098
175,174
81,990
89,113
6 p . c.

Total disbursem ents....
Balance, surplus.. . . .
...

394,900
120,371

373,766
68,130

385,375
105,250

401,140
123,484

Camden & Atlantic.
? (For the year ending December 31, 1886.)
The annual report of this company is mainly statistical, and
the results for the year 1886 are reported below in comparison
with those for previous years published in the Chronicle :
EARNINGS AND EXPENSES.
1884.
1883.
$
W E arnings—
_ $ __
378,516
Passenger................................ 371,199
135,954
F re ig h t.................................... 144,995
42,224
Mail, express, &c............ .
42,677
556,694
is** Total gross earnings___558,871
471,056
Oper. expenses and taxes... 39 .',067
lissSS
85,638
Net earnings.................... 166,804
i,.
INCOME ACCOUNT.
1683.
1884.
Versir, ts
$
$
N eteurnings.......................... 166,804
85,638
nterest, &c.......................
8,978
18,760
Total i n c o m




e . 175, 782

104,398

1885.
$
398,416
113,396
49,585

1886
$
421,964
119,779
57,348

561,347
427,204

599,091
469,316

1*4,143

129.775

188ft.
$
134,143
13,856

1886
$
129,775
20,803

147,999

1 5 0 ,5 /8

— Gross E arm ngs. —
1886-7.
1885-6.

S
í " ’ “ ' 31...®2»396.283
4? ®i’liS;oi?
"
February
341,386

-Net Earnings.-----*
1886-7.
1885-6.
*981,266
103,914
« 95,056
8
120,274
95.056

Total, 8 m o s .......... $3,210,615 $2,893,629 $1,357,205

$1,205,484

Fitchburg.—A special meeting of the stockholders of this
railroad company was held in Boston. The purchase of the
Drooerty of the Hoosac Tunnel Dock and elevator, as per
contract made by the directors for the same, was approved.
The issuance of 3,000 shares of preferred stock was authorized,
and the directors were also authorized to issue coupon or re­
gistered bonds, not exceeding $1,500,000, for the purpose of
funding the floating debt and for other purposes, payable “
20 yeara with interest at 4 per cent per annum, interest pay
able semi-annually.
Florida Railway & Navigation Company —A movement»
reported on foot among the bondholders of this company W
assess the stock for the purpose of taking up the receive^
certificates and paying off the accrued interest. There
intention expressed of scaling down the bonds, and the
,
that the stockholders would receive would be to get the i
out of the receive’s hands and manage it themselves.
Illin ois Central.—It is reported that the Dubuque & Sioux
City has come to the Central^ terms of purchase, which ia
offer of 80 for the stock. This closes a contention^ that n
been going on for two months, and the Central sec
possession of the road. As it recently purcnased tbe^o ^
Falls & Sioux City, it now owns its heretofore leased unes
^ K a n s a s C e n tr a l.-O n April 1 the Union Pacific defaulted^

the interest on the Kansas Central first mortgage^bonos,^
cause the road did not earn the money. Union Pacific
over $1,100,000 of the bonds.

tTHE CHRONICLE.

A pril 16, 1887.1

495

Little Bock & Fort Smith.—The St. Louis Iron Mountain
Terre Haute & P eoria.—At Decatur, 111., April 6, a meet
& Southern Railway Company’s stockholders have confirmed ing of the stockholders o f the Terre Haute & Peoqia Railway

by vote the action of its directors in offering to exchange
three of their shares for four of the Little Rock & Fort
Smith Railway. The option given stockholders to make the
exchange will cease after the 31st May next.
Memphis & Little Rock.—A press dispatch from Little
Rock, Ark., April 13, said: “ The Memphis & Little Rock road
was sold to-day and was bidden in for the Dow party, the
present controllers of the road, for $72,530.”
Minneapolis & St. Louis.—Following is a statement o f the
gross and net earnings of this *oad obtained for publication in

Company was^ held. All the stook was represented. The
action of the directors in issuing first mortgage bonds to the
amount of $1,800,000 was ratified. The company has sold the
bonds in N bw York and has purchased five new loco motives'
at a cost of $9,000 each, besides purchasing other new rolling
stock, steel rails and ties.
Texas Central.—1The Farmers’ Loan & Trust Company has
apparently been quite successful in its suits against this com­
pany. Mr. Herbert B. Turner, counsel for the company, was
recently in Texas in attendance on Judge Pardee’s Court, and
the press dispatches state that the court has issued a decree
ordering the sale of the Texas Central Railroad to satisfy two
claims by the Farmers’ Loan & Trust Company as trustee, the
first claim amounting to $2,145,000 and the seoond to $1,224.000, with interest. The Judge also decided, hs we understand
against the Morgan Company’s claim of $750,000, whioh they
tried to make a preferred claim, and his decision establishes'
another good precedent in favor of bondholders’ rights.

the Chronicle :
,------- February.------- ,
1887.
1886.
Gross earnings..................... $103,366 $120,692
Operating expenses............
89,923
79.675
Net earnings......................... $13,443

$41,017

i—Jan. I to Feb. 28.—,
1887.
1886.
$221,211 $194,387
183,853
169,475
$37,353

$24,912

Nashville Chattanooga & St. Louis.—The gross and net
earnings for March and for nine months of the fiscal year
were as below :

Oper. expen ses....

/---------- March.------ — , r-Ju ly 1 to March 31.—N
1887.
1886.
1886-7.
1885-6.
$245,733
$187,349
$495,194 $1,760,142
114,879
234,662
148,638
1,011,064

Net earnings..
Int. and taxes.........
Improvements........

$97,095
| $39,20?
$69,207
$27,888

$72,470
$210,532
< $56,324
1 2,197 [ $148,377
$59,521
$13,949

$148,377
$62,155

$749,078
C 513,193
1 50,167
$563,360
$185,718

New York Chicago & St. Lonis. — The committee of
holders of trust receipts of the New York Chicago
& St. Louis Railway Company’s equipment bonds give
notice that an arrangement in respect to its equipment
bonds has been effected. By this arrangement each Holder of
$1,000 will receive about $552 82 in cash and $441 18 in new
first mortgage 4 percent bonds of the company when reorgan­
ized. The statement also informs holders who may wish to
realize on their trust receipts without further delay that the
committee is ready to cash them at $940 for each $1,000 bond,
which arrangement, however, is made subject to recall with­
out notice.
New York New Haven & Hartford.— The directors of
this company have voted to four-traok the road to Rye, and the
work will be pushed to completion as soon as possible. This
plan has long been under consideration, and much of the work
necessary to carry it out has been done.
New York Stock Stock Exchange.—The Governing Com­
mittee of the New York Stock Exchange have listed the fol­
lowing new securities:
G ulp Colorado & S anta F e R a il w a y .—A dditional first
mortgage 7 per cent bonds, Nos. 10,201 to 10,800, both inclusive,
$600,000, making the total amount listed to date $10,800,000.
Missouri K ansas & Texas R a il w a y .— Additional general

consolidated mortgage 6 per cent bonds, Nos. 44,726 to 45,125,
$400,000; total amount listed, $35,125,000.
Richmond & A llegheny R ailroad .— Mercantile Trust
Company’s certificates for first mortgage bonds, and also for
the capital stock when stamped and signed by the Trust Com­
pany.
Chicago R ock I sland & P acific R a il w a y .— Additional
nret mortgage extension and collateral 5 per cent bonds, Nos.
7,861 to 8 860. inclusive, $1,000,000; total amount listed to
date, $8,860,000.
Columbus & Cincinnati Midland R ailroad .—First m ort­
gage 6 per cent bonds on 116 miles o f road, $2,000,000.
Chicago & I ndiana Coal R a il w a y .— Additional first mort­

gage 5 per cent bonds, Nos. 2,809 to 3,689, inclusive, $881 000*
total amount listed to date, $3,689,000; also, $1,465,200 of pre­
ferred and $2,197,800 of common stock.

Texas & Pacific.—Notice is issued that the land grant
and income bondholders are to receive sixty per cent of the
par value of their bonds in the new second mortgage bonds,
and the lands and the notes and bills receivable given on pur­
chase of lands. The lands are to be vested in a new organiza­
tion, individual or corporate, and scrip holders to receive an
interest therein equal to one hundred and twenty-five percent
of the par value of their scrip, with interest added to July 1.
1885, and the land grant and income bondholders to receive ati
interest in such new organization equal to the par value,
without interest, of their bonds; a cash assessment of one per
cent on the par of the certificates of the new land organiza­
tion, to provide^ working capital, to be paid when such cer­
tificates are delivered. A copy of this agreement signed by
the oommittees has been deposited with the Central Trust
Company, and with the Farmers’ Loan & Trust Company,
and holders who have not deposited their bonds with the
Central Trust Company should do so before May 14,
V irginia State Bonds.—Messrs. John A. Hambieton & Co. «
of Baltimore publish a notioe that they are authorized by the
Council of Foreign Bondholders to call the attention of holders
of Virginia Consols and 10-40s to the fact that the English
bondholders are endeavoring, through the instrumentality of
the Council o f Foreign Bondholders, to bring about a satisfac­
tory settlement of the debt of Virgina.
With this object in view, the English bondholders have to a,
large extent agreed to pool their bonds, and have authorized1
the Council of Foreign Bondholders to aot for them in the ne­
gotiations which are about to be had between a commission
sent out from London and a committee appointed by the Leg­
islature of Virginia. All holders of Virginia bonds in America
are asked to co-operate, and to forward to Messrs. Hambieton
& Co. their names and addresses, stating the amount of bonds
held. They will furnish copies of the plan adopted by the
English bondholders for pooling their bonds at London, and
give any other information that may be desired.

Western Union Telegraph.—A meeting c f the Western
Union stockholders was held pursuant to notice to vote on the
propositions for an increase in the capital stock to take up the
scrip dividend of $1,200,000 issued on April 15, 1896, and for
the issue of bonds to be exchanged for the securities of com­
panies whose lines have been leased to the Western Union.
The tellers announced the vote as 587,204 shares in favor of
the proposition to issue bonds for the securities of controlled
and leased companies, and 300 shares against; and 587,204
votes in favor of the proposition to increase the capital stock
to 100 shares against. The affirmative vote is over two-thirds
of the capital stock.

S an A ntonio & A ransas P ass R a il w a y .—First mortgage
—Messrs. Jesse Seligman, George Coppell and John Paton
eb? nd8i Nos- 1 to i ’ 750’ of bonds of 1835-1916,
recommend stockholders of the St. Louis & San Francisco
an<* 1 to l,0o6 of bonds of 1886-1926, $2,806,000.
w ? IOt? IVE.r R ailroad Company .— First mortgage 5 per cent Railway Company to send their proxies in the name of David

to 2 .00°, on 169 miles of road already completed
trom Wheeling to Point Pleasant, West Virginia $2,000,000.

th£ra?irnl^anif Slatington & New England.—The sale of
S w to be made under decrees of the United States
»
5 our‘ s of N« w Jersey and Eastern Pennsylvania,
Truof
, w
, uiurigd.ge ueiu Dy
y tne
•!» Metropolitan
rust Company of New York, as Trustee for the bondholders.
a n d ^ 8^ 0311 Valley.—Folio wingis a statement of the gross
Chronicle
road obtained for publication in the
----- February.------- ..
1887.
1836.
$40,679
41,315

^ '■

S a ife s :: *S;?g

f * 0**............................ 51,976

def. $1,136
1.357
“ $ £ T 91

-Jan. 1 to Feb. 28.1887.
1886.
($114,907
$83,262
105,003
89,548
K$9,904 def.$6,286
15,946
4.053
$6,012

$10,339

for the ?n ?JaUd*-Rapipd tra n sit.—Proposals have been asked
which th« S ° ti0n °1 Xu® ^ndge over the Arthur Kill, by
2 d t h e ^ o ^ f OrM,^0hl° Rf ilJroad <*nreach Staten Island,
will be S S S S uWVi l award5d °n April 23. The proposals
at its o f f i^ n Na 7 v hev
I?lm d RaPid Transit Company
06 m New York, and the contract will be awarded




J. Seligman to T. W. Lillie, Treasurer, or to either of them.They state that such proxies will be voted to continue thepresent careful, economical and independent management of
the property.
—The attention of investors is called to the first mortgage
6 per cent bonds of the Milwaukee & Northern Railroad Com*pany, of which a limited issue is now offered by the wellknown house ^of Messrs. Lathrop, Smith & Oliphant. The
earnings of this road show a steady increase, and the company'
has no car trust and no floating debt.
—The reorganization committee of the Lake Erie & Western
Railway Company give notice that the Central Trust Com­
pany is now prepared to receive the remaining payment of 50per cent on subscriptions due May 5 next, and deliver regular
certificates of common and preferred stock to subscribers
desiring to anticipate such payments.
—Messrs. Reed & Flagg, this city, are offering some James
River Valley first mortgage guaranteed gold sixes, as will be
seen by advertisement in another column. Investors will do
well to notice particulars.
^
—Parties wishing a select line of investment securities to
choose from will not fail to notice the list advertised by Mr.
W . Brenton Welling, of this city, in to-day’s Chronicle .
—The Philadelphia Company advertises its monthly dividend
as usual.
'........._

THE CHRONICLE.

496
T ^ tp o x ts

a tx il

S o jc u m je u t s .

NORFOLK & WESTERN RAILROAD.
S IX T H ANNUAL REPO RT: FOR THE Y E A R ENDING DEC. 3 1 ,1 8 8 0 .

To the shareholders o f the Norfolk & Western Railroad
Company:
The Board of Directors herewith submits its report of the
operations of the company for the year ending Dec. 31, 1880:
The gauge of the line was on June 1,1886, changed from
6 feet to the standard gauge of 4 feet 9 inches ; 22 5-10 miles
of the Cripple Creek extension of the New River division,
between Pulaski and Foster Falls, was put into operation Oc­
tober 6, 1886, and the length of line in operation at the close
of the year 1886 was 538 miles, and sidings 96 4-10 miles. [A
map of the road will be found in the I n v e s t o r s ’ S u p p l e m e n t .]
The entire main line and branches, with the exception of
portions of the City Point and Saltville branches, are laid
With steel rails, varying in weight from 56 to 67 pounds per
yard.

[V ol. X U V .

results that may be anticipated by providing equipment to
meet the growth of business are evidenced by the fact that
during the two months subsequent to the close of the year 275
cars and 4 engines were built in the Roanoke Machine Works
and put into service by your company, and during that period
the gross earnings increased 31 per cent and the net earnings
increased 41 per cent, as compared with the corresponding
period of the preceding year.
It will be noted that the local traffic and the earnings
therefrom represent each year a constantly increasing propor­
tion of the aggregate traffic and earnings. In 1830 the earn­
ings from local traffic were 57 per cent of the total earnings,
while in 1886 they were 72 per c8nt of the total.
The average earnings per passenger per mile increased
95-1000 of a cent, as compared with 1885, and the average
freight earnings per ton per mile decreased 86-1000 of a cent,
The average expenses per passenger per mile increased from
1 777-1000 cents in 1885, to 1 943 -1000 cents in 1886, and the
average expenses per ton of freight per mile were reduced
from 443-1000 of a cent to 892-1000 of a cent.
COAL AND COKE TRAFFIC.

REVENUE.

The quantity of coal and coke transported over your line
Gross earnings............................................................................ $3,252,056 59
during the year 1886 (including 131,596 tons used by your com­
Operating expenses, 57 per cent............... $1,864,911 90
pany), amounted to $929,635 tons, an increase of 277,648 tons,
Taxes, 3 per cent.....................................
95,997 46
or 42J^ per cent over the quantity transported during the pre­
---------------------- 1,960,909 36 vious year.
Proportion o f expenses (lncludlngtaxes)to earnings, 60 per ct.
The remarkable development of this class of traffic is best
shown by the following statement •-—
Net earnings..............................................................
$1,291,147 23
The first shipment of coal from Pocahontas occurred in
A dd dividends and interest received, including profit
from the Roanoke Machine W orks................................
84,303 10 June, 1883, and, including coal for your company’s use, the
quantity of coal and coke transported over your lines was :
1883
...............................................................................................
18 84
.......................................................
1885
1 8 8 0 .......................................................................................................
.

Fixed charges—
$1,325,450 33
Interest on funded d e b t ........................... $1,091,348 14
Interest on car trust obligations................
93,198 56
Interest and discount....................................
9,239 07

Tons.
105,805
272,178
651,987
929,635

The completion of the Lambert's Point Pier in March, 1885,
marked the introduction of the Pocahontas Flat Top coal into
Snrplos fo r the year 1886...................... ................................
$131,664 56 competitive markets. The tide-water business amounted during the year
The operations for 1886, as compared with those of 1885,
1885 t o ..................................... ................................ 373,246 tons,
show an increase in gross earnings of $480,935 72, or 17 per and during
cent, an increase in expense partly due to the expenditures
1886 t o .................................................. « ............. . 569,349
“
necessitated by the enforced economies of 1884 and 1885, of
The advantages afforded by Lambert’s Point Pier as a
$811,617 68, or 19 per cent, and an increase in net earnings of
“ North Atlantic coaling station ” are shown in the fact that
$169,818 04, or 15 per cent.
The results of operating your lines for a series of years are 95 ocean steamers were coaled during 1886, as compared with
45 coaled during 1885, and this class of business will steadily
shown by the following comparative statement:
increase as the advantages of the place become more widely
known.
The demand for coal for domestic purposes, for manufac­
Net Earnings.
Tear.
Gross Earnings. Operating Ex­
penses.
turing establishments and other local consumption, shows a
steady increase, the amount carried during the year 1886 being
$
9
9
83 per cent in excess of that moved during the preceding year,
1,104,055 87
1,163,232 75
1881........................... 2,267,268 62
1,107,163 49
1882........................
2,429,740 12
1,322,576 63
The output of coke from the ovens in operation during the
1,303,203 03
1883........................... 2,812,776 59
1,509,573 f 6
year proved to be entirely inadequate, even to the require­
1,194,*94 93
1884........................... 2,711,153 27
1,516,858 34
ments of the iron industries upon your own line. There is
1,121,829 19
1885...........................
2,771,120 87
1,649,291 68
1.9 6 0 .9 0 9 3 6
also an extensive demand for the Pocahontas Flat Top coke
1,291,147 ¿3
1886........................... 3 . 2 5 2 . 0 5 6 5 9
at points in the west and southwest, where its superior quality
The long-continued commercial depression and prostration enables it to compete with other cokes. Its unusually small
o f industries throughout the country culminated in January, percentage of ash and comparative freedom from sulphur is
1886. The net earnings for that month were less than for the shown by the following comparative analyses as taken from a
same month in 1885, but from that date there was an im­ paper entitled “ Comparison of some Southern Cokes and Iron
provement in business and the volume of traffic and the Ores,” by A. S. McCreath and E. Y. d’lnvilliers, which appears
revenue for the year were greater than during the previous in the “ Transactions of the American Institute of Mining Engi­
year. The growth o f the traffio and revenue during the neers, Scranton meeting, February, 1887.”
period from 1881 to 1886 is shown separately for passengers
and freight in the following tables:
Total Interest charges........................................................

1,193,785 77

“ Cokes.
PASSENGER TRAFFIC.

Local. Thro'.
iawi.........
1882...........
1888...........
1884...........
1885...........
1886...........

203,098
248,513
289,611
896,199
365,896
382,082

12,806
14,834
18,416
16,253
22,191
18,187

Total.
215,904
263,347
807,927
412.452
888.087
400,269

“ 1. Birm ingham Oistriel.
“ Average of 4 samples o f coke,

Earnings.

Passengers Carried.
Local.
t
829.137 86
369,637 40
403.477 25
448,478 84
1887,687 62
1422,31142

Through. V.S. Mails,
Expr’s, &c.
<j>
%
67,681 22 122,268 10
74,664 03 131,193 52
82,327 56 135.549 00
72,712 72 124,710 51
70,757 77 121.323 34
63,419 93 125,132 11

Total.
$
519,087 18
575,494 95
621,353 81
645.902 07
579,768 73
611,363 46

FREIGHT TRAFFIC.

Local.
1881.........
1882.........
1883
1884
1885
1886

TJwo\

Total.

859,262 178,840 538,102
417,140 199,587 609,727
589,906 257,349 797,255
....................
660,871 281,641 892,512
....................
957,709 242,0811,199,790
....................
1,266,601
289,266 1,555,867
....................

Local.

Through.

Mise.

Total.

$
$
$$
991,174 67 746,007 23 11,019 54 1,748,201 44
1,092,888 96 749,494 35 11,861 86 1.854,245 17
1,198,600 42 983,110 56 9,711 80 2,191,422 78
1,235,037 64 790,049 02 40,164 54 2,065,251 20
1,453,124 01 684,995 97 53,282 16 2,191,352 14
1,778,457 28 812,369 36 49,866 49 2,640,693 13

The traffic and earnings show a gratifying increase, but
decidedly better results could have been obtained had the
cbmpany possessed adequate equipment. During the latter
part of the year just closed, the business offered to your line
was largely in excess of the company’s ability to move it,'
owing to the insufficient number of cars and engines. The




“ 3. Cripple Creek District.
“ Average o f 3 samples Poca-

Ash.

•157

•803

87-299

1195

10-545

•447

1-101

80-513

1-595

16-344

•347

•757

02-550

•597

5-749

“ 2. Chattanooga Division.
“ Average of 4 samples Teunes-

“ To show how these cokes compare with the standard Con“ nellsville coke at Pennsylvania, the following average of
“ three analyses of the latter, as taken from Report MM of the
“ Pennsylvania Geological Survey, page 107, is given :

Earnings.

Tons of Freight Carried:

Sul­
Fixed
Water Volatile
Matter. Carbon. phur.

“ 4. Connellsville D istrict.........

Volatile Fixed
Water Matter.
Carbon.

Sul­
phur.

Ash.

88-962

•810

9-741”

•060

•427

To secure this additional and desirable traffic, as coke can be
transported to Western markets in cars returning empty from
Norfolk, and to meet the requirements of the new industries
incident to the completion of the Cripple Creek Extension,
your Management bas felt justified in constructing several
short branches to coke operations. As a result 40 new ovens
have been erected and moie than 1,000 additional ovens are
under contract and in progress of construction.
Arrangements can doubtless be made from time to time by
which the output of coke will keep pace with the demand, ana
a constant and steady increase in this class of traffic may be
anticipated,

THE CHRONICLE.

A pril 16, 1887.]
IRON AND ZINC ORES.

49T

575 65, has been charged to “ railroad premises, property and*
In each previous annual report mention has been made of franchises.”
The expenditures during the year for purposes specified in*
the traffic to be derived by the construction of a branch line
penetrating the Cripple Creek mineral region. W ork upon the Improvement and Extension mortgages were $805,849 26.
The total amounts expended to the close of the year 1886,.
this line was commenced in December, 1888, and 47 miles be­
tween Pulaski and Speedwell Furnace had been partly graded for the purposes provided for in the Improvement and Exten­
when the financial disturbance of 1884 caused a suspension of sion mortgage were $2,926,711 33.
Of the issue o f $1,000,000 Improvement and Extension bond»
operations in July of that year. Work was resumed in De­
authorized at your last annual meeting, $800,000 were sold
cember, 1885, and 23 5-10 miles completed in October, 1886.
Of the completed portion of the Cripple Creek Extension 18 during the year, leaving $200,000 available for future require­
miles is through ore-bearing territory. As soon as the line ments. If the developments of the Cripple Creek mineral
was so far completed as to admit of the introduction of ma­ region are such as are anticipated by your management, and i f
chinery, preparations were commenced for mining and ship­ suitable guarantees regarding the mining o f ores and ereotion
ping ores, and during the three months previous to the close of furnaces are secured, it may be deemed advisable during;
of the year there were shipped 9,627 tons of iron ore and 524 the year to complete the remaining portion of the Cripple
tons of zinc ore. During this brief period 12 different mineral Creek extension. ^ To meet this contingency and in order tot
properties were purchased by companies organized for the provide for additional equipment and for such expenditure»
purpose, or by individuals, and upon these properties system­ for improvements and extensions as may be necessary to meet
atic developments have been made with the most satisfactory increased traffic—such as additional sidings and short branohes
and gratifying results, fully demonstrating the fact that the to new mining and manufacturing operations—your Board
ores are practically in inexhaustible quantities and of very asks your authority to issue and dispose of, from time to time
superior quality. The following extracts from the above- as it may deem advisable, additional Improvement and Exten­
mentioned paper by Professors McCreath and d’lnvilliers give sion bonds to such extent as may be necessary, but not trv
the conclusions reached by them after a careful examination exceed $1,500,000.
of the Cripple Creek region :
Of the divisional liens outstanding, $100,000 consolidated
“ The accessibility of the limonite ores of the Cripple Creek mortgage first preferred 8 per cent bonds and $98,000 oonsoli“ Valley of Virginia, the remarkable uniformity in character dated mortgage 6 per cent bonds of the South Side Railroad
“ and quality of the limestone ores, their high grade and free- Company matured January 1st, 1887. At the time of the“ dom from phosphorous and silicious matter, have forcibly creation of the general mortgage, sufficient bonds at 95 per
“ presented themselves to us during expensive and repeated cent were reserved by the trustee to retire the outstanding“ surveys, and it is no exaggeration to say that compared with divisional bonds at par. By reason o f the premium which
“ other known and developed limonite deposits of No. II,, this the general mortgage bonds commanded, your management
“ Cripple Creek field is unique in many particulars, and not deemed it advantageous to withdraw from the trustee
“ excelled anywhere in the features just mentioned.
$203,000 of bonds and use the proceeds to purchase the South
“ It is certainly remarkable and a point o f much import- Side Railroad Company’s bonds, covering the balance into
“ ance to the region that these limestone ores show such a your Treasury. The bonds thus purchased have been deposit­
“ wonderful uniformity over a territory of fully forty miles in ed with the Trustee to be held uncanoeled as additional
“ length, and from 1 to 8 miles in width. The analyses of security for the general mortgage bonds, as provided in th&
“ many of them show them to be well within the limits for general mortgage.
“ Bessemer purposes; indeed, one-half of them might be classed
INVESTMENTS IN OTHER COMPANIES.
“ as Bessemer ores, or ores which would yield a pig iron conShenandoah Talley Railroad Co.
“ taining not over ‘1 per cent of phosphorous.”
As the ores are above water level and can be mined from
The property of this Company is still operated by the Receives*
open cuts with little or no stripping, and with an abundant appointed by the court. No plan of reorganization has yet
water supply for washing purposes, mining operations can be been adopted, but there is reason to believe that a reorganiza­
conducted at a minimum of cost. It is believed that during tion of the Company will be effected during the coming year
the coming year, in addition to the quantity of ores con­ and in such a manner as will protect your Company’s interest
verted into pig iron in furnaces upon your line, large quanti- in the property. The result of the operation of thè line for the
ties will be transported to the furnaces of Pennsylvania.
year 1886 shows increased gross and net earnings as compared
The unlimited extent and purity of the ores and limestone* with the preceding year.
the abundant water supply furnished by the New River, GripRoanoke Machine Works.
Pi6 Creek, and numerous other streams; the healthfulness of
The Works were operated to their full capacity during the
the climate (Pulaski being 1 921 feet above the level of the year upon alterations and repairs to equipment incident to the
sea); the proximity to the coal fields (Pulaski being but 90 change of gauge, in current repairs, and in the construction
miles distant from the Pocahontas coking coals and but 10 of new equipment. The results from the operation o f the
miles from the Altoona anthracite coal); the agricultural works for the year has enabled that company to declare a
resources of the surrounding country, and the facilities dividend of $16,988 73 upon its capital stock owned by you r
offered by j our line and its connections for transportation to company, which amount has been credited to the revenue o f
the markets of the North, lead your directors to believe that your Company.
the Cripple Creek mineral region, with Pulaski as a manu­
N orfolk Terminal Company.
facturing centre, offers unsurpassed advantages for the estabThe improvements and additions made to the Lambert’»
'®!?t ° f ‘ ^ a t r i a l enterprises, and that the growth of the
Point Pier during the year have made it the most complete
thlS
wlU be as Phenomenal as that from
the Mat Top coal fields, more than realizing all that was coaling station upon the Atlantic coast. Waterworks have
been located at the shore end o f the pier, and fresh water is
M 3edPaTh.a i thV lm® « ® CriPP1® Creek Extension was pro- conveyed in pipes the entire length of the pier, affording pro­
T1i 8 t|rritor,y offere special inducement to capital for
investment. Several companies have already been organized tection against fire, and also supplying vessels at their berths*
for m‘nlQg ore and for the manufacture of iron. Contracts A large ship-chandlery establishment has also been located
have been made by the Pulaski Iron Company for the erec- near the pier by private enterprise and ocean steamers can
without shifting their berths, take their supply of coal
dav ° f %^ nace at Pulaski, with a capacity of 150 tons per now,
and water and receive vessel stores.
u
S
n
vom
HnFd?
*
d
thS
°
th6r
(urnaces
will
be
constructed
676
vessels of all kinds, including 95 ocean steamers calling
upon your line during the coming year. Extensive addi¡ion! are bemfi made to the Bertha Zinc Works, now in suc- for fuel, were loaded at the pier during the year.
This Company owns 233 acres of real estate as mèasured tft
g X y increased. * ^
* Which their caPaci<* will be the shore line at Lambert’s Point, or, as measured to the pork
wardens line as now established, 466 8-10 acres, with a water
t o ^ L ^ t h i n * addit; ° na,1 Capital wiU be ^vested in order front of 1 7-10 miles. Certain portions o f the property afford
I of thH eiion
of ^ e mineral resources admirable sites for ship-yards, dry-docks, and manufacturing:
I the subiect a rmwsacb 8harehohders as may be interested in and canning establishments, and not being required for the
tied “ The C?innl«yn ? fcftr'® P° rf
Professor McCreath, enti- purposes o f the Company, have been laid off in streets and lot»
application tS
Mineral Region,” will be mailed upon and
will be sold as opportunities offer.
Philadelphia?*
Secretai7 o f 7°™ Company at his office in
In order to provide accommodations for the workmen em­
ployed at the pier, as well as to inaugurate improvements to
FINANCIAL.
the real estate, 12 pairs o f houses were erected during the
r e p o r ^ t h r S a S 1« ? ^
tim® ° f makin2 the last annual vear, and it is expected that additional houses will soon bo
from 5 feet f o Q
K 3 L lme, was. changed June 1st, 1886, built by private enterprise.
uniform gaue'e t h r L i? cb68’ ^ blcb 18 now the standard and
The increased terminal and other facilities provided by your
work
- the country. The cost of this line and the enterprise of the merchants o f Norfolk, have led
from their de8i£n an^’^ W1? g t?-th® number of engines which, to a material increase in the foreign trade of that port and
great cost! S w e r e o f °
^
b
e
changed at rendered it practicable during the past season to establish and
[render it advisable tn rAH™C\ ° d f nd °hsolete patterns as to operate a regular line of trans-Atlantic steamers. Your Com­
these old 2
,J ° retlre tbem from service. The cost of pany has, therefore, been enabled to secure an increased
the Company w a g ^ S o Xalue>as shown upon the books of amount of export and other business. In order to provide
|$69,893 92 as coterin» 6fi? 9^’ . hich amount, together with diversified cargoes, thus facilitating exports of cotton, tobacco*,
[equipment incident
of. extraordinary repairs to and other articles from the port of Norfolk, and to secure this
directly a S t thJ sirnlnS
° f ^ g e , has been charged additional business, the Norfolk Terminal Company leased
$42,373 2 l f was
;mcome* The alteration of track, from your Company a portion of Pier No. 1 at Norfolk and
[expenditure
incurred
! n ^ i £ rat ? pr° 7
emeut acc0UQt>
the
?J 1
a grain elevator with a storage capacity o f
1r *7*-----------------urrea
and cars.
c ” and
— ; in alterations
------------- to
-v. engines auu
$131.- about 150,000 bushels and with a transfer capacity of 12 00O
V,
—:-------bushels per hour. W ork upon the elevator was commenced
1qq' S ' ^ u , lfc wlU be completed and in operation early in
1887. The elevator will also be of benefit to the local grain

W




s « ?

THE CHRONICLE.

498

[V ol. XLIV.

business of the port and will be used by other rail and water I any responsibilities which it may be considered advisable to
lines Tbe county* of Norfolk, recognizing its importance, I assume. Through the construction of such a line of railroad
imes. -ine county oi i^otioik, ej, g
.S TnT, „ arv 1 1896.1 vour line will become the avenue for the transportation of
T h ^ m o n n t ^ S n d e d tothe*Terminal Company during the the products of the Northwest to the States of Virginia and
\ncludingthe
the L rolm as, and
*78 066 66 w hich am ount was advanced by your company, Mating the grow th o f the through traffic o f your line. The
S f n r w i i . i fiiat- m n r t a o a « b o n d s o f the Norfolk Terminal

main value o f this hne, however, would be in the important

Oomnanv wereVecpived at nar and deposited with the trustee
S S e T m t ^ S ^ d E ^ i l s ^ mStgage. The receipts of
the Norfolk Terminal Company from securities owned enabled
it to p a , a dividend amouiting to$ll,266 50 on its .took held
by your company.

1influence it would exert in further developing the local business of your company The country which it will traverse is
|^ w e a l t h £

iron-producing section of Ohio, in ores and fuel, could be se­
cured, and a remunerative traffic from tbe outset assured.
The title to valuable real estate at junctional and other
During the past year a number of local roads have been
points upon your line is vested in this company. No mat­ organized, which, if completed, will make connection with
erial changes were made during the year.
your main line and be valuable feeders. Among these may
be mentioned the R o a n o k e S o u t h e r n R a i l r o a d and the
CHANGES IN ORGANIZATION.
The only change which has occurred in the organization of C r a i g V a l l e y R a i l r o a d , to both of which, for the purposes
construction, the city of Roanoke has voted substantial
the company since your last annual meeting was caueed by of
A short line has also been projected for the purpose of
the resignation of Mr. Robert W . Smith, Treasurer, who aid.
available the granite quarries near Petersburg.
retired from the service of your Company on January 8, 1887, rendering
These various projected extensions of your line and of con­
to accept the position of Treasurer of the Pennsylvania Rail­
lines are shown upon the general map accompanying
road Company; the vacancy thus caused has been filled by necting
report, and are herein enumerated in order that an
the election of Mr. William G. Macdowell, who w ill also this
opinion may be formed as to the possibilities of future devel­
temporarily perform the duties of Comptroller,
opments of traffic upon your line.
Your management has endeavored to familiarize itself with
CONNECTING LINES.
By the adoption of a gauge uniform with connecting lines, I the geographical and commercial features of that portion of
your company has realized the benefits which were anticipated I the State of Virginia tributary to your lines, m order that a
at the time of making the last annual report. The amount of comprehensive plan may be adopted for the gradual extension
business interchanged has materially increased, and the of your system, and so that the work which is most Pressing
Change has proven specially advantageous to vhe coal business and likely to bring a prompt and direct return may be first
o f vour comrany, as it has opened up a large territory hith- undertaken. It is believed that the proper policy of your
erto practically inaccessible.
I Company is to foster and encourage the development and
W ith the Richmond & Petersburg Railroad Company ar- increase of its local traffic, and to extend and expand its system
rangements have been made by which a direct entrance into I by the construction of such branch lines as the development
the city of Richmond has been obtained for your passenger |of the mineral resources, the establishment of new enterprises,
and the increasing revenues of the company may justify, and
and freight traffio.
A contract has also been made with the Norfolk Southern whenever feasible to meet extensions of other railroads at the
Railroad Company, by which that company is given trackage Virginia State line. Your system of roads will thus be com­
facilities over your line into Norfolk and the use of your ter­ pact and homogeneous, and with its physical condition main­
tained at a high standard, will be economical of operation.
minal facilities at that point.
c o n c l u s io n .
The South Atlantic & Ohio Railroad Company, to which
Since the organization of your company in 1881 your man­
reference was made in the last annual report, has completed
the graduation of about 40 miles of its road, and track-laying agement has persistently directed its energies to the developwas commenced during the month o f December, and it is I ment of its local traffic. - During 1880, the year preceding the
expected that that portion of its line between Bristol and the organization, the entire freight traffio of the line aggregated
Clinch River will be in operation during the early part of 1887. I but 478,953 tons, of which 296,267 tons, or 62 per cent, was
Prior to and after the close of the year, negotiations were local freight, that is, freight received from or delivered to
had with representatives of the controlling interest in the |stations upon your line, and this local traffic^was of a^charac­
first preferred shares of the East Tennessee Virginia & ter incident to agricultural communities, and therefore subject
Georgia Railway Company, with the view of acquiring the to the vicissitudes of the seasons. The through traffic, which
was 88 per cent of the total, was principally cotton, and was
same for your company, but without result.
The acquisition by the Richmond & West Point Terminal & also liable to influences of the seasons. The character of the
Warehousing Company o f an interest in the East Tennes­ entire traffic of the line was such as to preclude the possibility
see Virginia & Georgia Railway Company will not, it is be­ of material growth, as shown by the fact that in the ten
the „gross
earnings
of the
lieved, cause any interruption to the arrangements for the „vears
----- from
- 1871
, . to 1880,
. inclusive,
,
______
.
■
’ only *$62,425, or °o ----------|
interchange of traffic between the two companies or affect the I property -had* increased
per cent, The transoperations of the Virginia Tennessee & Georgia Air Line.
portation rates then current for both passengers and freight
*The N e w R i v e r & C h a m b e r s V a l l e y R a i l r o a d Com- were so much higher than those m effect elsewhere that¡it was
p a n y has been organized, preliminary surveys made, and I evident they could not be maintained without retarding
rights of way and local aid secured, for the purpose of c o n -1prosperity of the section tributary to the line; and as the active
structing a line of road about 80 miles in length as a connect-1 development of local industries was considered as being
ing link between your Cripple Creek extension and the Cape I only source from which permanent and continually mere g
Tear & Yadkin Valley Railroad. The latter road is projected traffic could be secured, your company made large reduction
to extend from Wilmington, N. C., to Mt. Airy, a point on of its local rates, increased the number of trains and actively
the State line between Virginia and North Carolina, a part of pursued the policy of fostering local interests, convinced that
which is built and in actual operation. This line, when com-1 such methods would bring increased prosperity to t
pleted, will doubtless prove an important line for distributing 1section traversed by your line, and as a consequence
the coal from your New River Division and for the general 1stantly increasing revenues to your company.
.
interchange of commodities between the Northwest and 1 Your line, extending from tidewater at Norfolk t
S
Southeast
I the southern part of the State o f Virginia to its southwesteni
lo u . management has caused surveys and examinations to 1 boundary at Bristol, Tennessee, traverses a country a
be made of that section of Southwest Virginia drained by ing in great variety of agricultural and mineral weaitn.
the Clinch River and its tributaries, and very favorable re- Nearly every mineral used in the industrial arts is founfl
ports of its agricultural and mineral resources have been re- ] large quantity, and of superior quality iron,
. ffle
ceived. An extension of your New River Division through I gañese, gypsum, salt and coal. To develop this ck*8
the Clinch Valley would not only develop these resources, but I it was necessary to construct branches as feeders to your
if constructed to a point near the Kentucky State line would line, and it was also necessary to bring the then existing prop*
doubtless be met by the extension of the Cumberland Valley erty of the company to a standard commensurate with greauy
with «nonomioal
economical oDeration.
operation, Wood
branch of the Louisville & Nashville Railroad, thus effecting 1 increased traffic and w,th
a connection with the lines of that company for _the inter­ bridges were replaced with iron, and iron bridges we
change of traffic. It is believed that the construction of this strengthened or replaced with more substantial structures,
line would be very advantageous to your company, and that heavy steel rails were substituted for old iron; the line was
it should be undertaken so soon as suitable financial arrange­ ballasted with stone or gravel, and new switches, frogs, sig­
nals, mile-posts, &c., were provided. Old stations were en­
ments can be made.
In previous annual reports mention has been made of the larged and new stations were established; shops for builds
advantages to be derived by your company through the con­ and repairing equipment were constructed; real estate wa»
struction of a line to connect your New River division with purchased at terminal and junction points with a view topwthe Ohio River and the systems of railroad beyond. It was sible future as well as to immediate requirements, and at
hoped that this would be accomplished through some one oí folk, in addition to the improvement of the old property, ne
the numerous companies which have secured charters from piers and warehouses of large capacity were built, ana
_
, .„d
the State of We6t Virginia for that purpose; these failing, grain elevator erected.
To meet the requirements of modern railroad metnoas,
your management has, during the past year, caused surveys
to be made, a line selected, and a charter in an interes' to reduce the cost of operating, your management was odi g
friendly to your company has been secured under the title o to replace the old and light equipment with engmes ana .
the V i r g i n i a & O h i o R a i l r o a d C o m p a n y , It is the opinio» of greatly increased power and capacity. The incr ^
o f your management that when this line is constructed it length and Dumber of trains necessitated the extension
should be controlled in the interest of your company, and it sidings and the construction of new ones, and as tne i
is believed that the advantages which will accrue to your ! increased, additional equipment, increased yard facuiue
property through such control will more than compensate for many miles of new sidings were provided. New turn
Iron Belt Land, Mining <t Development Company.




A pbk . 16, 1887.]

THE CHRONICLE.

and an improved water supply were also necessary, and upon
the substitution of coal for wood as a fuel, coaling platforms
were erected.
Cheap fuel being the basis of all successful manufacturing
operations, and an absolute necessity in the development of a
mineral region, the first branch line constructed was the “ New
River Division,” to the “ Great Flat Top Coal Field.” This was
followed by the construction of a branch line into the Cripple
Creek mineral region.
The traffic results of your Company’s policy are evident in
Its greatly increased business. The local tonnage increased
from 296,267 tons in 1880 to 1,266,601 tons in 1886, an increase
of 827 per cent, and the through tonnage increased
from 182,686 tons in 1880 to 289,266 tons in 1886, an increase
of 58 per cent, The local tonnage, which in 1880 comprised
62 per cent of the total, had increased in 1886 to 81 per cent of
the total. This improvement was effected in a period o f six
years, during which there occurred a long and serious busi­
ness depression, when the prices o f coal and iron were lower
than ever before known, and when transportation rates
throughout the country were greatly demoralized, thus seri­
ously affecting the earnings and preventing the full realization
of the financial results that were expected.
The disproportionate increase of the fixed charges, as com­
pared with the net earnings, is due to the fact that the money
required for improvements and extensions was necessarily
provided from sales of bonds upon which interest had to be
paid not only during the progress of the work o f construction,
but also during the period of development, and before the full
benefit could be derived from the new lines constructed and
the additional facilities provided.
Such further expenditures as may be necessary for additional
sidings, yards, ana other improvements and extensions, and
equipment necessitated by the rapidly-increasing business, will
bring a direct and prompt return. Your railroad and all of
its appurtenances are now in excellent condition. You have a
productive property, capable of indefinite development. Your
Directors are of the opinion that your Company is now enter­
ing upon a period of prosperity, and hope that within a reason­
able time the surplus earnings will permit of the payment of
dividends, and the credit of the Company be such as will
enable further financial requirements to be provided in such a
manner as will not entail onerous fixed charges upon the
Company.
The Treasurer’s condensed balance-sheet is hereto appended.
The Board takes pleasure in acknowledging the ability and*
fidelity with which the officers and employes have discharged
the duties intrusted to them during the year.
By order of the Board,
F. J. KIMBALL, President.
CONDENSED BALANCE-SHEET.

499

D a k o t a W a t e r P o w e r C o m p a n y , —This company jg
organized under the laws o f New York with a paid-up capital
of $2,000,000 in 80,000 shares of $25 each. Well-known gen­
tlemen are connected with it, and Ex-Judge P. J. Joachimsen
is President, A. W. Humphrey, of the Sterling Iron Company.
Vice-President, Henry W. Taft. Secretary and Treasurer, with
offices at 45 William Street, The company’s officers inform
us that it has very valuable water rights on the Rapid River
in Dakota, and has already made leases for six years which
will enable it to begin dividends on its stock in May at the
rate of 7 2‘10 pep-cent per annum. The company has no debt
and has $375,000 of its stock in the treasury to be expended
in building and improvements, and the full development of
the natural resources of its properties. Of this stock the
Treasurer will sell now $150,000 at 60, or $15 cash per share of
$25, to build a flume which they say will pay for itself in a
year.
F o r t W o r t h «fe D e n v e r .— From Denver, Col., it is reported:
“ The Denver Texas «fe Fort Worth Railroad Company have
filed articles of incorporation with the Secretary of State.
The capital stock is named at $30,000,000, and the officers are:
Sidney Dillon, of New York, President; John Evans, of D en ­
ver, Vice-President. The directors are: Sidney Dillon, F. K.
Pain, James Stillman and S. Tilghman, of New York City ;
Henry Lewis, o f Philadelphia; John Evans, of Denver, qnd
A. T. Walters, o f Baltimore. The objects of the company are
to construct a road which is to connect with the Denver Texas
& Gulf Road at Pueblo and continue to a connection with the
Fort Worth <fe Denver City Railway, which is now completed
a distance of 200 miles north of Fort Worth, and for the con­
struction of a road south from Fort Worth to the Gulf of
Mexico, the same to be operated as though an independent
line from Denver to the Gulf. A number of branch lines áre
to be built in Southern Colorado and New Mexico.”

G e o r g i a P a c i f i c . —This railroad has been completed between
Columbus, Miss., and Birmingham, Ala. It is stated that the
road will begin building west from Columbus at once, con­
necting with its Greenville, Miss., branch. The completion of
the road gives Columbus a direct route to all Northern ahd
Eastern markets.
N e w Y o r k C i t y <fc N o r t h e r n .— a basis of settlement is
announced between the bondholders of the New York City <fe
Northern Road and the New York Loan <&Improvement Com­
pany, the terms of which are substantially as follows: A new
first mortgage 40-year 5 per cent bond will be created, the
issue to be limited to $1,200,000. Second mortgage income
bonds for $3,200,000 will also be issued, to bear interest not to
exceed 4 per cent, payable out of net income if earned. In
addition to these bonds $6,000,000 of 5 per cent preferred and
,000,000 of common stock will be issued. The board of
directors shall consist of thirteen members, each party.to
General Ledger N orfolk <£ Western Railroad Company, Dee. g i, 1 S86.
select six, the twelve so selected to choose the other for the
Assets
first year. The New York Loan «fe Improvement Company is
Railroad premises, property and franchises.....................$38,937,753 46
.............................................................
1,946,324 80 to convey to the new company all its claims to or ownership
Rolling stock.
Car Trusts, additional rolling stock :
of properties now used or claimed by the present company or
Chargeable to principal.........................$1,277,642 82
its receiver, including the Yonkers branch. The new 5 per
Chargeable to interest.
....................
466,043 16
cent bonds are to retire the outstanding 7 per cents, construct
1,743,685 98
the Yonkers branch, «fee.; the new seconds to be distributed
Norfolk & Western RR. Co. common stock owned, 1,169
shares......................................................................................
40,021 00 among the holders of outstanding 6 per cent bondB, at 75 per
Improvement and Extension b o n d s .................................. "
34,000 00 cent of their holdings, amounting to $2,772,750; New York
Investments in other com panies:
Loan «fe Improvement Company $375,000 ; preferred stock, to
Roanoke Machine W orks bonds....................$300,000 00
holders of outstanding 6 per cent bonds, $4,066,700; new
Roanoke Machine Works stock, 4,174
common stock, to holders of present common stock share for
shares............................................................... 365,300 00
Norfolk Terminal Company b o n d s _____ 525,000 00
share, on payment of an assessment of $10 per share, the New
Norfolk Terminal Company stock, 3,219
York Loan <&Improvement Company to guarantee subscrip­
shares.............................................................. 321,900 00
tion and payment of the $10 per share. The $300,000 proceeds
Iron Belt Land, Mining and Development Company Stock, 330 sh a re s ............. 33,000 00
of this assessment are first to be applied to the payment of the
Roanoke Live Stack Association stock,
liabilities incurred by the bondholders’ committee and to the
40 shares, par $2 5.........................................
1,000 00
reorganization
expenses.
Shenandoah Valley RR. Co. stock,
30,571 shares.................................................. 57,100 00
T e n n e s s e e C o a l «fe I r o n C o m p a n y . —This company recently
------------------1,803,300 00 asked for sealed proposals for retiring $500,000 of its “ Birming­
Material and supplies.................................................... .........
232 332 77 ham division” bonds. The Central Trust Company, trustee, has
Advances to Roanoke Machine Works, including value
or materials and supplies carried b y that com pany___
193 5a « 45 accepted $588,000 of these bonds and will cancel them.
Suspense account................................ ....................
170 sqi t v
T o l e d o S t . L o u is <fc K a n s a s C i t y . —A press dispatch from
Accounts receivable (current b a la n c e s )................. .
277,334 87 Indianapolis, April 11, said: “ The decree in the Toledo Cincin­
Cash
260,356 93
nati <fc St. Louis claims cases, which were argued at Cleveland
$15,639,087 83 last week before Judges Gresham, Jackson and Welker, will
.. ,
.
Liabilities :
be filed to-morrow in the District Court here. Under the
capital Stock:—Preferred.......................... $18,000,000 00
decree all claims for supplies purchased prior to August 1,
Common............................ 7,000,000 00
1883, the day on which the road passed into the hands of the
•$25,000,000 00 court, with Dwight as receiver, are disallowed; all pay-rolls
Total.
and claims for labor from February to July 1,1883, are allowed.
Funded D ebt:
These claims amount to $94,000. All supplies and labor claims
Divisional Liens.
under the receiverships of Dwight and Craig are also allowed,
BmUhSde | £ te£8burS BR- Co..............
$496,000 00
V i r 3 i X l R,R‘ Co...................................
1,544,100 00
amounting to $200,000. The question as to the validity of
V irginia & Tennessee R R . Co..............
2,045,500 00
what are known ss the Frankfort <fe State Line claims is re­
Norfolk <t Western RR. Co.
ferred to Judge Gresham to be decided in May. The claims of
.......................................6,752,000 00
the Iron Railroad Company for excess of earnings over operat2-0 0 0 ’000 00
ng expenses, which had been allowed by Gov, Cox as special
master, amounting to $45,000, are not allowed. The claim of
f f c
» ¿ ¡ ¿ ' a i . : : : : : : : : : : : : : : : : H,500,000
3« 00 00
00
the Brooks Locomotive Company for $40,000 for five loco­
convertible Debenture bonds, $495,w o , and dividend scrip, $29,325,
motives, is allowed without interest. The claim of the Dayton
ana unpaid dividend No. 5, $ 1 7 5 ..
525,000 00
<fe Southeastern Railroad Company for hauling coal to the
other divisions, amounting to $30,000, is not allowed. The
Lease
L'Jilv — — v ............ 18,196,600 00 claims which have been allowed will be sent to N. C. Butler,
clerk of the United States Court at Indianapolis, who is
8urpliiTofPincome (Current balances).................................
303Í896 98 authorized to pay them. The main line is to pay 51 per cent
55)989 37 of the claims allowed. The respective divisions must pay the
money to the clerk within 80 days, and he expects to have aÜ
$15,639,087 83 claims paid and the litigation endéd within 40 days.”




THE CHRONICLE.

500

ZLTVi

[V O L .
C O

C o m m e r c ia l jg im e s .
T he M ovement

of th e

T T O

N

.

F r id a y , P. M., April 15,1887,
Crop , as indicated by our telegrams

from the South to-night, is given below. For the week ending
this evening (Apr. 15), the total receipts have reached 21,627
F r id a y N ight , April 15, 1887.
bales, against 29,308 bales last week, 34,115 bales the previous
The weather has been more spring-like, and trade feels the week and 46,298 bales three weeks sin ce; making the total
receipts since the 1st of September, 1886,5,091,818 bales,against
impulse of better weather. There is no doubt, however, that 4 954,929 bales for the same period of 1885-86, showing an in­
a serious drought is doing injury over almost the entire trans- crease since September 1, 1886, of 136,889 bales.
Mississippi region. Prairie fires are reported to have caused
Wed. Thur». F ri. 1 Total.
Tue».
Mon.
Sat.
Receiptt at—
xnuoh destruction of property as well as the loss o f many
80
156
51
1,291
273
131
600
lives. In the North and East, on the contrary, melting snows Galveston— . . .
....
....
....
....
....
Indianoia, Ao.
have caused floods, with more or less obstruction to railway
578
7,938
New O rleans... 2,128 1,404 1,371 1,183 1,274
transportation. Labor troubles are still frequent ; at the Mobile...............
48
.
.
.
.
26
13
335
244
4
35
....
....
....
35
....
West they threaten to prove an additional source of derange­ Florida.............. . . . . . .
477
128
484
2,610
411
782
328
ment to the iron trade, while at the South they are becoming Savannah..........
1
1
....
....
....
.. ..
Brunsw’k, Ao.
troublesome also. Exports of wheat to the Continent have
102
85
397
42
1,290
291
373
Charleston.......
continued on a large scale, but for other staples of agricul­
23
....
23
....
....
....
•—
P t Royal, A c.
2
51
20
236
53
ture the foreign demand is small.
97
13
W ilm ington. . . .
3
....
....
---•
....
••••
Moreh’d C.Ao.
The speculation in lard for future delivery has been
207
684
66
1,347
172
150
68
moderately active, but at unsettled prices; an advance early in Norfolk..............
430
60
564
....
....
58
16
West Point, &o
the week was afterwards lost, but to-day there was a sharp
100
723
....
1,879
660
396
New Y ork .........
180
recovery, in sympathy with Western advices and the advanoe B o s t o n ..... . . . .
167
1,522
328
328
208
311
858
....
858
....
....
....
....
in com. Lard on the spot has been dull or rather weak, but B altim ore.........
227
58
1,695
119
801
284
206
to-day there was a more active and a firmer closing at 7*45o. Philadelp’ a, Ac.
for prime city, 7’65® 7-70c. for prime to choice Western, Totals this week 4,188 3,846 1 4,182 1 2,674 1 3,386 3,351 1 21,627
17’80O, for refined to the Continent and 8T0o. for refined to South
For comparison, we give the following table showing the week’s
America.
total receipts, the total since Sept. 1,1886, and the stock to-night,
DAILY CLOSING FRIGES OF LARD FUTURES.
and the same items for the corresponding periods of last year.

COMMERCIAL EPITOME.

Saturd’y. Mond’y.
7*72
7'79
M .. 7'68
7'85
July
M .. 7'75
7*92
August u .. 7 '8 l
8-02
October
JtUUCi u .•
.. 7-91
i UA

M ay
June

deliv’y . . 7*62

Tucsd’y.
7'72
7-80
7'87
7'94
8-06
w

Wedns’y. Thursd’y. Friday
7*70
7*65
7-68
7*73
7-76
7'78
7*80
7*84
7-85
7*91
7*93
7*89
8 00
8*01
8*03
-----------

Pork is dull and unsettled. Nominal quotations cover so
"wide a range as to be little guide to values. Cue meats have
ruled quiet, but close firm; pickled bellies, 7 ^ @ 7 ^ c .; should­
ers, 6 % @ 7 c ., and hams, 1 1 % @ 1 1 % c .; smoked shoulders, 7 % @
8o. and hams 12%c. Beef is steadier, but quiet at $8 50
for extra mess and $9@$9 25 for packet per bbl., and
$14®$16 for India mess per tierce. Tallow is lower and aotive
at 13 18-16c. Stearine has been active at 8J^c., but oleomargarine easier at 6%c. Butter is decidedly lower at 16@25o. for
creamery and 15@24c. for State dairy. Cheese is firmer at 13
@15%c. for State factory full cream. The following is a com­
parative summary of aggregate exports from November 1 to
April 9:
Pork, lb s .........
B acon, Ao., lbs.
Lard, lbs...........

1888-7.
20,752,400
233,727,734
158,279,158

1885-6.
20,522,600 Inc.
229,800
221,170,972 Inc. 12,556,762
135,494,677 Inc. 22,784,421

The swine slaughtered at the principal Western towns,
March 1 to April 13, numbered 700,000, against 645,000 for the
corresponding period laBt year.
The speculation in Rio coffee options has been at times quite
excited, and prices were yesterday decidedly higher, but to­
day were variable and unsettled, closing with sellers at 18'95
® 14'85o. for the spring and summer months and 14'45@14*60c.
for the autumn and winter months. Rio coffee on the spot
was was very active, but closes unsettled. R iw sugars have
been dull and barely steady at 4 9-16c. for fair refining
Cuba and 5%c. for centrifugal, 96 deg. test. Molasses has
been active, touching 20o. for 50 deg. test, but sold largely to­
day at 19%c. for 50 deg. test and 9o. for common black strap.
Teas meet with a fair demand, but are freely offered through
th e auction rooms.
Kentucky tobacco has continued fairly active at firm prices,
and sales for the week are 400 hhds., of whioh 250 for export.
•Seed leaf has been dull, and sales for the week are only 1,155
cases as follow s: 200 cases 1881, ’82 and ’83 crops, Pennsyl­
vania seed, ll% @ 14c.; 200 cases 1884 crop, Pennsylvania
seed, 18o.; 180 cases 1885 crop, Pennsylvania seed, 12@18c.;
125 cases 1885 crop, Penn. Havana seed, private terms; 200
oases 1885 crop, Wisconsin Havana seed, 6%@ 11c.; 100 cases
1885 crop, Ohio, private terms, and 150 cases sundries, 7@28o.;
also 400 bales Havana, 60@$105, and 150 bales Sumatra,
$1 20® 1 45.
Spirits turpentine advanced yesterday to 40%c., and to-day
is out of stock and nominal. Rosins are scarce at $1 17@$1 25
for common to good strained. Crude petroleum certificates
have relapsed into complete dulness, closing nearly nominal at
64%®64%c. There has been a very active speculation in
straits tin, beginning on Wednesday, when 420 tons were sold.
The close to-day was firm at 22%c. for May, Iron remains
depressed and unsettled. Lead sold to-day to the extent of
32,500 lbs. at 4'32%o. on the spot. Ingot oopper is dull at
10 350.
Ocean freights have been dull to British ports, and rates to­
day are Id. per bushel for grain and 8@ 10s. for flour to lead­
in g ports. Shipments of wheat have been active to Southern
Europe, and charters are at 2s. 6d. to Marseilles and 3s. to Bar­
celona.




Stock.

1885-86.

1886-87,
Receipts to

This Since Sep.
Week. 1 ,1 3 8 6 .

This Since Sep.
Week. 1 ,1 8 9 5 .

694,170

G a lv e s to n ...
Ind’nola,Ao
New Orleans.
Mobile...........
F lorid a .........
Savannah. ..
Br’sw’k, Ac
Charleston ..
Pt. Royal,Ao
Wilmington .
M’head C.,Ao
N orfolk.........
W.Point, Ao.
New Y o r k ...
B o s to n .........
B altim ore. . .
Philadel’a.&o

7,938 1,685,046
335 211,164
22,986
35
2,610 784,906
31,353
1
1,290 361,805
17,605
23
236 133,694
3,748
S
1,347 524,350
564 321,482
92,416
1,879
97,191
1,522
65,366
858
44,536
1,695

676,900
781
11,275 1,634,509
841 235,865
64
49,919
9,179 752,178
15,651
502
6,035 464,042
13,492
419
97,918
1,027
7,653
110
9,625 514,870
6,314 257,998
52,473
1,247
91,008
882
49,485
768
40,197
276

Total............

21,627 5,091,818

56,305|4,954,929

1,291

1886.

1887.

7,741

16,498

40,513

180,241
3,053
7,779

219,014
30,760
2
31,983

2,198
23
2,201

33,234
178
4,359

10,458
3,192
213,806
6,500
9,196
20,864

37,575
4,091
303,231
6,310
29,400
16,320

476,009

756,970

In order that comparison may be made with other years, we
give below the totals at leading ports for Bix seasons.________
Receipts at—
Galvest’ n.Ao.
New Orleans.
M obile...........
Savannah . ..
Charl’st’n, Ao
Wilm’gt’n, Ao
Norfolk.........
W. Point, Ao.
All others . . .

1887.
1,291
7,938
335
2,610
1,313
239
1,347
564
5,990

1886.
7,741
11,275
841
9,179
6,454
1,137
9,625
6,314
3,739

864
10,752
226
3,174
707
146
1,950
967
4,937

1882.

1883.

1884.

1885.

1,581
7,305
1,520
1,599
996
210
1,683
597
14,783

7,791
19,069
1,679
7,928
5,093
800
8,798
1,007
14,362

3,891
5,686
2,604
3,166
1,836
427
8,792
712
7,686

29,800
30,274
66,527
23,723
56,305
21,627
Since Sept. 1 . 5091,818 4954,929 4624,818 4672,343 5552,665 4398,136
Galveston includes Indian oia; Charleston in elude 3 P ort Royal» A®;’
’llmington includes Moreh’d City, Ac.; West Point includes City Point,«o,

Tot. this w ’ k.

The exports for the week ending this evening reach a total
f 53,038 bales, of which 38,545 were to Great Britain, —

> France and 14,493 to the rest of the Continent.

Exports
from—

Week Endino Apr. 15.
Exported to—
Conti­ Total
Great
Brit'n. France nent. Week.
2,408 2,408
7,317 21,520
14,203
1,305
1,365
...... .«••••

Galveston......
New Orleans..
Mobile.......... .
Florida...........
Savannah.......
s ......
Charleston....
Wilmington...
.......
Norfolk.... ...
West Point, Ac 2,750
New Y ork..... 10,844
4,208
Baltimore...... 8,007
Philadelp’a, Ac 1,508
Total............ 38,545

2,105
........
1,007
51
855
14,403
12.080

Below are

From Sep
Exported to—
Great
Britain.
252,180
078,888
40,807

C onti­
nent.

ToM.

90,057 881,589
344,108 1,837.M7
46,807

233,159 18,048 243,060 495,787
00,453 43,060 143,206 277,625
10,857 109,640
00,823 7,900
8,000 885,339
321,430
8,400 105,073
2,750 04.517 2,150
191,533
054,661
12,451 423,423 30,705
1,422 185,024
4,250 133,002
4,402 02,005 8,725 28,587 1S0.277
8,074 47,720
1,508 44,040
53,038 2,502,002 400,007'1,078,200'4,047.1*
e t .m 1^933.1»50 oan Aon 1 liQ SQS 3.452,846
2,105

THE CHRONICLE.

A pril 16, 1887.]

In addition to above exports, our telegrams to-night also give
ns the following amounts of cotton on shipboard, not cleared,
at the ports named. W e add similar figures for New Tork,
which are prepared for our special use by Messrs. Carey, Yale
ft Lambert. 24 Beaver Street.

Ills

§3
So oeI
N fSSl
- ^öi • r _
ö S - S' 3*$ ® m I - * >5"L.'*
f w g S ■»•a*
! I l l sit? : £.£>
• p.S-*Ö .i l—l» sji
¡;r t

On Shipboard, n ot cleared—fo r
A pr. 15, AT—

Great
Other
B ritain . F rance. F oreign

New Orlean«—
M obile...............
Charleston.......

O oatttoise.

Total.

L eaving
Stock.

0

New Y o r k ... . . .
Other p o r ta .....

7,404
None.
None.
None.
2,964
4.000
2,200
6.000

2,757
None.
None.
None.
None.
None.
150
None.

14,566
None.
None.
None.
2,344
None.
4,500
1,000

1.269
None.
100
300
157
3C0
None.
N one.

25,996
None.
100
300
5,465
4,300
6,850
7,000

154,245
3,053
2,098
- 7,479
11,033
6,158
206,956
34,976

Total 1887.......

22,568

2,907

22,410

2,126

50,011

425,998

Total 1 8 8 6 .......
Total 1 8 8 5 .......

44,130
23,076

12,724
5.512

22,731
7,162

20,081
4,372

99,666
40,122

657,304
570,844

G alveston ... . . .

501

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F r i.
Ordlny.ws» 7*8
81x6 8*4
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Si*
81X6 8I4
Strict Ord..
81*
8
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81*
8llxe 8H ie 81«
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Good Ord.. S?l«
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9*16 II™ 9*te 988
95s
9ife
Btr. G’d Ord 911X6 9*8
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9*8
9*8 101 xa
Low Mldd’g 101« IOI4 1014 1C6J8 il0*ia 101X6 9*8 lOlxe lOlxa
106x8 10*18 10*18
Str.L’w Mid 10*x, 10*16 ¡10*16 I08g ions 10*16
105s 108s 108a 1088
Middling... 108s 108g 100¿ 101316 lOlSie
lOlSie
1013x8 1013x6
Good M id.. 10*8 10*8 10*8
h s 1 1 ‘ xe l u x e
Btr. G’d Mid 111« 1118 1118 I ! 1!« H l X6 H
115,8
116x6
116j6
115X6 116X6
Midd’g Fair 111« 111* hi*« l l l i x 6 l l l l 16
l ‘ 116 1111X6 II1I16 h ï i î ,
Fair............[I2i8
12ia ¡1218 12bX8 Il26j8 l125x8
126x6 1261« 126160
STAINED.
S at. M o n T u e s W e d T h . F r i .
Good Ordinary................. « ih .
7%
I I 1™ 83a
strict Good Orili"a r y ...
l ì 1™ 711xe 7%
8%
Low M idm w
............ 8%
8*16 8*16
»»Xe 9B16 9%
9<
Middling,. 0 ........................... 96xs
108x8 103x6 103ia lOSxe 1014 IOI4

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The speculation in cotton for future delivery at this market
© o 5 o © 5 o© £ 9 9 <
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has been fairly active for the week under review, but the
COtO
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course of prices has been variable. During Saturday and
H M oH HwoM
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Monday, while the Liverpool market was closed, the specula­
oi® ® yi oioiOdi
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believed, to a purpose to promote a higher opening at Liver,
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pool o n Tuesday.
The advance for the two days was 12@15
i a d»:
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points, except for the current month of April, whioh in the
9
9 9 9ci 9
999
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last hour on Tuesday brought the same price as June, and
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bringing the various deliveries of this crop within a range of
►
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9
21 points—10’59c. for May and 10.80c. for August. Daring
o© © © M ^ OOtO *
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Tuesday and Wednesday the market was very unsettled, ® I S o ««
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values losing part of the above advance under a general sub­
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October, and the same process was repeated to-day, with an un­
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settled closing. Cotton on the spot was quoted l-16c. higher on
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Saturday. Yesterday, grades of white cotton below strict
-jo b ö -o -ò-j©>ò -i~i o .j •ó®
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for middling uplands.
o ** CO© **
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The total sales for forward delivery for the week are 508,200
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8,533 bales, including 252 for export, 8,281 for consumption,
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— for speculation and — in transit. Of the above, — bales
M
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9
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were to arrive. The following are the official quotations for
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H
each day of the past week.
•
9 I o » i »#■:
I 9 ©: I 3 09.
-° A73 MW
o, h M M l u m
H H oH
UPLANDS.
NEW ORLEANS.
TEXAS.
©©OO o© 5o 9 9 © 9
©©o©
Apr. 9 to
©
o
©
o
ó©
o© ô © o ô ¿¿© Ô
Apr, 15.
S at. iTlon T u e » S a t. H o n T u e s Sat. M on T u e s
©<l © ©Jto © com
co

Ordln’y.Çllb 7*8
7*8 7*8
8*16 8ixe 81X6 8iie ~8Ïl6 l » i V
BtriotOrd.. 8»ta 3*16 8‘ xa 8
i«
8i« 81« 8i«
81« 81*
Good Ord.. 91*
9^4
9*16
9*16 9*16 9*ie 9* x6 9*X6
8tr. G’d Ord 9 lxi« 9l l ie 9Uxe 9*8
9*8
9*8
9*8
9*8
9*8
Low Mldd’g
10^8 10*8 lOBxe 10B16 106x6 106x6 10&X6 106x6
Str.L’w Mid 10*ia |107,a 10*18 IO»« 100b 1008 lOOg
108b
1068
io
101316 1013X6 103 3le 1013x6 1013xe 1013x6
10«8
Good M id.. 10*a 10*a 10*8 lUxa m ia lU l«
i l l i lH l 6
Str.G’d Mid I l l s I l i a 111« H Bie 1 1 6 .« 116j8 lUie f115
j6 116X0
116X6
Mldd’g Fair 11 in n i *
llia IUI 16 l i l i .„,111116 m
m
ix e 1111X8
ile
Fair............|i2ie 12*8 121s 12616 |l26le 126ifl 126x6 126x6
126x8

S'

coto ©

©©
CD©

o

I9 :
©©o®

909
cô©0© 9
cocdO©
*4©
©
©CM
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5

0000

9

0003

1

*

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obob® ©
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-4

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o® a
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»*
I «ito:
I «>«:
coco?®

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eòeòo©
co© ® ©
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COCOS©
®©o©
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0:

9;

MARKET AND SAT.ibh,

00
coco

I9

9:

I? 1®8
future deliveries each day during tht
J g j ^ M c a t e d i n the following statement. F o rth e w n * Includes sales in September, 1886, lor September, 42 ,900 ; Septem▼emence of the reader we also add a column which shows at a ber-October,
ior Ootober, 287,200.; September-Novembei, fo r N ovem ber.
giance how the market closed on same days.
8 8 441,700; September-December,
for December, 765,100; September*
SPOT MABKET
CLOSED.

BALES OP SPOT AMD TRAwan»,

Om
onp
-1 Spec-T
ran-lT
_
pE
ox
rt,- ,tu
ul’t’nI tit.
otal.

Bat.. u ietatile a d v ..
Mon. Q
Firm................

: Tuee. S t e a d y .......” "’
Wed. Easy.........
TMu» Steady ® rev. quo

252

Fri. j Firm ...............

TotaL
Iw

154
554
333
315
1,102
823

252 3,281) __
________________________

Ä

Ä

Ä

S




Ä

i J

Sales.

D élitcries.

154,1 63,000
554 113,700
585 89.000
315 82.000
1,102 64,700
823 95,800

200
200
200

500

I ....J 3,533,508,200) 1,100

—

r

me

OF F d t c b b s u e show n fc, th e fo U o w -

January, for January, 1,685,900; September-Februai y, fo r F ebruarv.
1,282,400; September-March, fo r March, 2,106,800.
E y We have included in the above table, and shaU continue each
ween to g iv e, the average price o f futures eaoh d ay fo r each m onth. It
wlU be fou nd under each day f ollow ing the abbreviation “ A v er.” TTxe
average fo r eaoh m onth fo r the week is also given at bottom o f table.
Transferable Orders—Saturday, I0'60o.; M onday 10'70o.: Tuesday.
10'65c.; Wednesday, 10*65o.; Thursday, 10'65o.; F riday, 10'65o.

The following exchanges have been made during the w eek:
21 pd. to exch. 600 May for Aug.
•06 pd. to exoh. 100 Ju ly for Aug.
•05 pd. to exch. 100 Jan. fo r Oct.
•11 pd. to exeh. 100 June for Aug.
•38 pd. to exch. 1,000 Oct. for Sept.

*06 pd. to exeh. 700 J uly fo r A ug.
'12 pd. to exch. 100 June fo r Aug.
'06 pd. to exeh. 200 June fo r July.
'20 pd. to exoh. 100 May for Aug.
'08 pd. to exch. 100 M ay for Juue.

The V isible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,

THE CHRONICLE.

502

and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (April 15), we add the item of exports from
the United States, including in it the exports of Friday only.
1887.
I« 983,000
15,000

1884.
1885.
1886.
630,000 1,024,000 1,054,000
69,000
29,000
21,000

[VoL

x l iy

.

bales less than at tbe same period last year. The receipts at
the same towns have been 5,612 bales less than the same
week last year, and since September 1 the receipts at all the
towns are 64,451 bales more than for the same time in 1885-86.
Quotations

for

Middling Cotton

at

Oth er M arkets .—

In the table below we give the closing quotations o f middling
cotton at Southern and other principal cotton markets for each
651,000 1,053,000 1,123,000 day of the past week.

998,000
4,600
Stock at H am burg...........
4 34,000
Stock at B r e m e n .........
27,000
Stock at Amsterdam . . . . . . . . . .
300
S tock at R otterda m . . . . .
1,400
Stock at A n t w e r p ........
256,000
Stock at H avre.................
4,000
Stock at M arseilles. . . . . .
52,000
Stock at Barcelona......... .
6,000
Stock at G e n o a ...... .....
11,000

4,000
41,000
28,000
300
1,500
148,000
6,000
76,000
13,000
3,000

6,000
53,400
48,000
400
900
181,000
5,000
83,000
8,000
4.000

3,300
71,600
54,000
1,000
1,300
216,000
4,000
60,000
10,000
4,000

396,300

320,800

389,700

425,200

•i ,394.300 971,800 1,442,700 1,548,200
177,000 272,000
225,000
India cotton anoat fo r EuropeU 290,000
271,000
Aty.as>n nnH.^n a flrtfl t. f CIVF.ll rTn#e 300,000 316,000 202,000
47,000
7,000
12,000
e 34,000
476,009 756,970 610,966 605,599
89,590
109,748
272,956
99,197
3,000
10,200
12,625
8,208
•
Total visible su pply............ ¿,601,714 2,567,351 2,559,614 2,836,389
O rtbe above,tbe totals o f Am erican and other description s are as follow s:
American—
468,000 797,000 790,000
S 810.000
254,000 286,000 319,060
u 293,000
.. 300,000
316,000 202,000 271,000
605,599
756,970 «10,966
. 476,009
89,590
272,956 109,748
..
99,197
3,000
10,200
12,625
..
8,208
.1,986,414 2,080,551 2,015,914 8,078,189
East In d ia n , B razil, <se.—
I/v a rp ool s t o c k . . . . . . . . . . . . . . . 173,000
15,000
Loudon stock....................... . .
Continental s t o c k s ....... ..... „ 103,300
India afloat fo r E urope.......... . 290,000
.
34,000

162,000
21,000
66,800
225,000
12,000

227,000
29,000
103,700
177,000
7,000

264,006
69,000
196,200
272,000
47,000

Total East India, A c . . . . . 615,300 486,800 543,700 758,200
Total A m erican............... .1,986,414 2,080,551 2,015,914 2,078,189
Total visible s u p p ly ...........2,601,714 2,567 351 2,559 614 2,836,389
Price Mid. Upl., L iv e r p o o l....
&*iy*d*
5l5*§d'
Price Mid. Upl., New Y o r k ....
10°80.
9%o.
llo .
1178<5.

CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Apr. 15.
G alveston . . .
Hew Orleans.
M obile..........
Savannah. . .
Charleston. .
W ilm ington..
N o r fo lk ......
Boston..........
B altim ore....
Philadelphia.
Angusta.......
M em phis. . . .
St. Louis.......
C incinnati...
L ou isville....

Satur.

Mon.

Tue».

Wednes.

Thur».

Fri.

101«
10*16
10
1 0 's
101«
101«
103«
10?»
10»16
10?»
101«
lO ije
10
ic i«
1014

101«
101«
10
101«
l o is
101«
103«
10%
108«
10?»
101«
I d 16
101,6
101«
IOI4

101«
101«
10
101«
10%
101«
1038
10?»
105a
10?»
101«
10*16
10*16
101«
10%

101«
101«
101«
101«
104
101«
103a
10?»
10%
10?»
101«
101«
10*16
10*8
10%

IO*«
10%«
101«
1014
10%
101«
103a
10?»
10%
10?»
101«
101«
101«
101«
10%

10%
10%
10%
10%
10%
10%
10%
10?»
10%
10?»
10%
10%
10%
10%
10%

R eceipts from the P lantations . —The following table
indicates the actual movement each week from the plan­
tations. The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
W eek
Ending—

Mar, 11.......
« 18.......
“ 25.......
Apr. 1........
“
8.......
“ 15.......

Receipts a t the P orts. SVk at In terior Towns. R ec'pts from P lani’nt

1885.

1886.

1887.

1885.

1866.

1887.

42.581
82.886
28,810
28,111
21,808
28,728

62,129
57,743
64,328
59.095
41,892
66,805

72,953 181,132 421,736 236,962
57,716 170,155 392,722 200,914
46,298 158,175 338,392 173,846
34,115 144,998 335.668 143,168
29,308 123,906 819,744 132,220
21,627 117,823 295,810 119,046

1885.

1886.

1887.

24,534
21,908
16,630
14,834
5,716
12,640

41,457
28,729
29,998
86,366
25,473
82,871

43,924
21,668
19,230
3,437
18,360
8,433

The above statement shows—1. That the total receipts from
the plantations since September 1, 1886, are 5,162,804 bales;
in 1885-86 were 5,234,889 bales; in 1884-85 were 4,725,426 bales.
2. That, although the receipts at the outports the past week
were 21,627 bales, the actual movement from plantations was
only 8,458 bales, the balance being taken from the stocks at
the interior towns. Last y ear the receipts from the plantations
for the same week were 82,371 bales and for 1885 they were
12,640 bales.

-5^- The imports into Continental ports this week have been
55,000 bales.
. . . . . .
The above figures indicate an increase in the cotton In sight
to-night of 84,363 bales as compared with the same date of
18S6, an increase of 42,100 bales as compared with the corres­
ponding date of 1885 and a decrease of 234,675 bales as
A mount of C otton in Sight A p r . 15.—In the table below
compared with 1884.
we give the receipts from plantations in another form , and add
A r th e I nterior T o w n s the movement—that is the receipts to them the net overland m ovem ent to Apr. 1, and also the
f 0. the week and since Sept. 1, the shipments for the week, and takings by Southern spinners to the same date, so as to give
the stocks to-night, and the same items for the corresponding substantially the amount o f cotton now in sight.
period of 1885-86—is set out in detail in the following statement
1886-87.

1

§ gggsggs

ge
g a»g
<5 B

I E lllfft*
P

ggW äg *J *a

1

?» a il,

g ® ® srS-B g 5. g

I l l t P |||| p II; fi31|
2? *

3

g iES }r« ; » p o

O

: ES: t : : •

f î * P• !

•.

It w ill be seen b y tbe above that the Increase in am ount In sight
to-nitfht, as compared with last year, is 15,665 bales, the increase
as oompared with 1884-85 is 687,591 bales and the inorease over
1883-84 is 701,724 bales.

CO
M
M
05
hC O èOCJUOMi^COQDO >-l*^a3CD*««0>U
<1 X to to to
MCO00<1ODto M05MtO
00O
tocoW00CHCDVCOCÖCMChV]|0000

v v o ip t îC H
03W© CO0000O
O -1 C*CC>-4 COto
COCM05CO"sIto co

1883-84

Northern spinners’ takings to
Apr. 1 5 . . . . . . . . ....... ............... 1,427,108 1,515,367 1,185,176 1,349,156

0505
•sltdOCOC

MMMH
CB00 fcOO* IO
to to O»1» Ül

1884-85.

Tot. receipts from planta’tns 5,162,804 5,234,889 4,725,426 4,722,147
720,895 682,645 556,182 526,328
Net overland to Apr. 1 ............
Southern oonsnmpt’n to Apr. 1 803,000 253,000 217,000 236,000
Total In sight Apr. 15............ 6,186,199 6,170,534 5,498,608 5,484,475

* ® P • h .' * !

•

1885-86.

Receipts at the ports to Apr. 15 5,091,818 4,954,929 4,624,818 4,672,343
Interior Btocks on Apr. 15 In
49,804
70,986 279,960 100,608
excess of Septem ber 1 ....... .

Since
Sept. 1.’85,

Shipm’ ts Stock
Thi» A pr. 16.
week.

37,968




This
week.

15,016 2,364,719

50
701
225
118
19
800
6,869

50
471
127
73
261
400
6,418

14,887
25,988
16,215
13,790
50,518
20,806
641,459

W eather R eports b y T elegraph .— There has been little
or no rain at the South during the week, and in many sec­
S wî
^ 00
M
m
tions it is needed to aid the development of the crop. Plant,
co<i
m eo 0
1
<ito
O co 8§H
k-i ^ O ' MCO
ft-S t
MO CJI0500 h- COtDW01Mto 00Oi to <10000^
-qootj Ci^tO
ing has made good progress.
CK^OOHH^Oi^CACk^tdCDOCtiQOa^
t o o o * UlOCP
Galveston, Texas—The weather has been warm and dry
•g 09
co to^-*M ;
all the week. The thermometer has averaged 70, ranging
05
C
M
M
1
jf*
M
to
OM*
<Î05»-‘
>C<ÎCn^V
H * 10•
MOC7»C0t0^C005*-*05! O»COO <1CM COCH
to to <UO 01•
from 66 to 76,
COO'OOOO5v]^JC0tO|fA* i^C^C0frdC0MO505
h-*o» CM05-vj Crt•
Palestine, Texas.—'We have had warm and dry weather all
the week. Rain is badly needed. Cotton has been generally
^ to
¿0
030» CO 00 CDtOOt CD
Mtfk. CO »*■03
planted but on account of the drought is not coming up*
O»OtÜüO5^M*4O3»^O;»f^^ltOCDO50O0OCDO«
&
ft
CDM1- fcwO 05MCOO If*tOOOCMM00Ü»05*4if1»
$
The thermometer has ranged from 58 to 81, averaging 68.
!•
New Orleans, Louisiana.—It has rained on one day of the
H*
M
W M M
5T
O it- CO05CJ"-1HxWI—<1 K) Mt5 O tOCJXKB
0 c ta os COC5Mtaao 0,0c w to
p
week, the rainfall reaching twenty-two hundredths of an inch.
x œ 00!» os <iVocr>o
w^icoo<®aoM*-o>©®toaota>-tatatou'
Average thermometer 72.
Shreveport, Louisiana.—There has been no rain all the
M
week. The thermometer has averaged 71, the highest being
taoc ; ta h HH
©
«ta
oo os cu• œ w #*■h*05ta
m oo w enw w ta
82 and the lowest 54.
f
<£>tO001 CSiH.ötODtOi-'lfx w ~ieu©>*- w© —
Columbus, Mississippi.—We have had rain on one day w
©tat-, ooooi-‘ <iwiF“.fcawot>-*taocntaoo
the
week,
the
rainfall
'reaching
forty
hundredths
of
an
in
®
ta
h *1
ta
m
00
ta
The thermometer has averaged 61, ranging from 42 to 80.
h 05oc 05ta out*)-» »t». cc cc to ;
m —cs w © ta tat-* os©;
Leland, Mississippi.—There has been no rain during tne
0*
CO '©©©t-*V ©tatabacs* ccVt-^a'ta'wcs'cn
©
w
o
©
»
w
tantôt-*!
t->
—
31
»
*
t-*t-*woo©
w ü i ü 'o o o î
cm
week. The weather is too dry to bring cotton up. *{"
WQOO-^OwW»
05 x e cta ta C M se —©. ► ca«> e»i® «oi
thermometer has averaged 66’3, the highest being 85 and 1
N o te .—R eceipts oinoe Sept. 1 revised and corrected .
lowest 48.
.
,
1 - and
* The figures fo r L ouisville in both years are “ net ”
Greenville, Mississippi. —The weather has been clear au
if This year’ s figures estim ated. J Includes seven days.
warm
all
the
week.
Crops
are
backward
through
lac* w
The above totals show that the old interior stocks have w a u u <u . «,x«>
—-------decreased during the week 12,157 bales and are to-night 173,759 * rain. The thermometer has ranged from 51 to 00,

A p r il

THE CHRONICLE.

16. 1887.]

Meridian, Misssisippi.—The days have been warm but
the nights cold during the week, with no rain, which is now
much needed. Planting is about completed in this neighbor­
hood. The thermometer has ranged from 50 to 78.
Clarksdale, Mississippi.—It has been warm and dry all the
week. Planting is about finished in this vacinity. Buffalo
gnats are disappearing. The thermometer has averaged 65'7,
ranging from 45 to 86.
Vicksburg, Mississippi,—W e have had warm and dry
weather all the week, the thermometer ranging from 54 to
90, and averaging 70.
Gloster, Mississippi.—There has been no rain all the week,
and planting has made good progress. Average thermometer
70; highest 85; lowest 55.
Helena. Arkansas.—We have had no rain all the week.
The nights have been cold, but are warmer now, the temper­
ature Thursd iy night being 62. Seed planted must wait for
rain. The thermometer has averaged 69*7, ranging from 49
to 88.
Memphis, Tennessee.—There has been no rain all the week.
Planting makes good progress. The thermometer has ranged
from 55 to 87, averaging 70.
Nashville Tennessee.—There has been no rain all the week.
Average thermometer 64, highest 89, lowest 44.
Mobile, Alabama.—It has rained to an inappreciable extent
on two days of the week. Good progress is being made with
planting, but rain is generally needed. The thermometer has
averaged 63, the highest being 79 and the lowest 49.
Montgomery, Alabama.—W e have had warm and dry
weather all the week. Planting is making good progress.
Rain is needed. The thermometer has averaged 66, ranging
from 47 to 86.
Selma, Alabama.—There has been no rain all the week.
The thermometer has ranged from 48 to 84, averaging 64.
Auburn, Alabama.—The weather has been warm and dry
all the week. We are having an unprecedented drought for
this season of the year, only thirty-nine hundredths of an
inch of rain having fallen during the past thirty-eight days.
Crop development is seriously affected. Average thermome­
ter 66‘6, highest 85 and lowest 50.
Madison, Florida.—Telegram not received.
Macon, Georgia.—The weather has been warm^and dry all
the week.
Columbus, Georgia.—W e have had no rain all the week.
Average thermometer 70, highest 85, lowest 52.
Savannah, Georgia.—The weather has been pleasant dur­
ing the week, with no rain. The thermometer has averaged
62, the highest being 83 and the lowest 48.
Augusta, Georgia.—The weather has been clear and pleas­
ant all the week. Rain is needed.
Planters have com­
menced putting in cotton. The thermometer has averaged
65, ranging from 42 to 93.
Albany, Georgia.—W e have had rain on one day of the
week, but not enough to do much good. The rainfall reached
eighteen hundredths of an inch. The weather has been so
unfavorable that much 6eed planted has failed to come up.
Average thermometer 64, highest 86 and lowest 46.
Charleston, South Carolina.—It has rained on one day of
the week, the rainfall reaching two hundredths of an inch.
The thermomer has averaged 60, the highest being 80 and the
lowest 47.
Stateburg, South Carolina.—The weather has been warm
and dry all the week. Planting of cotton is making good pro­
gress and we have secured a good stand. Corn is not good.
The thermometer has averaged 65 6, ranging from 43-5 to 87.
Columbia, South Carolina.—Telegram not received.
Wilson, North Carolina—No rain all the week; average
thermometer 64; highest 88; lowest 37.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
Apr. 14, 1887, and Apr. 15, 1886.
A pr. 14, ’87. A pr. 1 5 ,’86.
New O r le a n s .........a b o v e low-water mark.
M e m p h is ......... ....a b o v e low-water m ark.
N ashville... . . . . . . ....a b o v e low -w ater mark.
Shreveport ........ . a b o v e low-water mark.
Vicksburg.................. a b o v e low-water m ark.

Feet. Inch.
14
7
18
0
7
5
8
7
38
2

Feet.
13
34
36
15
40

Inch.
1
6
8
5
0

iN D ia C o t t o n M o v e m e n t f r o m aL L P o r t s .— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Apr. 14.
BOMBA V RECEIPTS AND SHIPMENTS FOB POOR YEARS.
¡Shipments this week

Shipments Since Jan. 1.
Year, Great Oontir \ _ . ,
Great
Conti­
Total.
¡Rri/’n. nent. ! Total. Britain nent.
1887| 13,000
1886 15,000
1885 6,000
1884116,000

34,000:47,000
37.000 5¿,000
16.000 22.000
26,000142.000

121.000
136.000
87,000
250.000

341,00C
311.000
213.000
310.000

462.000
447.000
300.000
560.000

Receipts.
This
Week.
79.000
66.000
52.000
83.000

Year.
770.000
691.000
462.000
780.000

According to the foregoing, Bombay appears to show an
increase compared with last year in the week’s receipts of
18,000 bales, and a decrease in shipments of 5,000 bales, and
the shipments since Jan. 1 show an increase of 15,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st o f January, for two
years, has been as follows. “ Other ports” cover Ceylon
Tutioorin, Kurrachee and Coconada,




503
Shipments since January 1.

Shipments f o r the week.
Great
li rilain.

Gonfi­
nent.

Total.

1,000
3,000

10,000

11,000
3.000

41.000
32.000

63.000
19.000

104,000
51.000

3,000

3.000

2,000
8,000

3,000

1.000

5.000
3.00

Calcutta—
1887.........
1886.........
Madras—
1887.........
1886.........
All others—
1887.........
1886.........
Total all—
1887.......
1886.......

1,000

Britain.

Continent.

Total.

1,000
î,0 0 0

1,000

1,000

2,000
2,000

15.000
22.000

11,000
13,000

26.000
35,000

2,000
5,000

14,000

16,000
6,000

58.000
57.000

77.000
32.000

135,000
89,000

1,000

The above totals for the week show that the movement from
the ports other than Bombay is 10,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments sinoe January 1, 1887, and for the corresponding
periods o f the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1886.

1887.

18.85.

Shipments
to all E urope
from —

This
week.

Sinee
Jan. 1.

This
week.

Since
Jan. 1.

This
week.

Since
Jan. 1.

B o m b a y ..........
All other ports.

47.000
16.000

462.000
135.000

52,000
6,000

447,000
89,000

22,000
7,000

300,000
78,000

T o ta l..........

63,000

597,000

58.000|

536,000

29.000| 378,000

A l e x a n d r i a R e c e i p t s a n d S h ip m e n t s . —Through

arrange­
ments we have made with Messrs. Davies, Benachi & Co., o f
Liverpool and Alexandria, we now receive a weekly cable o f
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of tne previous two years.
A lexandria, Egypt,
A pr. 13.
Receipts (eantars*)—
This w e e k ....
Since Sept. 1

E xports (bales)—
To L iverp ool..............
To Continent..............

1883-87.

1385-86.

1884-85.

3,000
2,847,000

9,000
2,822,000

12,000
3,472,000

This I Since I This
Since
toeek. Sept. 1. week. Sept. 1.

This I Since
week. Sept. 1.

4.000 244.000
3.000 137.000

2,000 286,000
3,000 166,000

2.000 215.000
8,000 149.000

Total E urope......... 7,000 381,000 10,000 364,000 5,0001452,000
A cantar la 98 lbs.
M a n c h e s t e r M a r k e t . —Our report received bv cable to-night

from Manchester states that the market is firm for both yarns
and shirtings, but that the demand for both India and China
continues poor. W e give the prices for to-day below, and leave
those for previous weeks of this and last year for comparison:
1887.
32s Oop.
Twist.
d.
d. s.
Mar 11 73lfl_71316 5
“ 18 7316-7 1 3 le 5
“ 25 73i6 ® 13ie 5
7l5le 5
Apr. 1 76
*‘
8 76ib—7l5ie 5
“ 15 73s ®8
5

8I4 lbs.
Shirtings.
d.
9
9
9>
9
9
9

s. d.
© 6 10*2
© 6 10*2
© 6 10*2
© 6 1 0 L;
© 6IO I2
© 6 101«

1836.
Oott’n
Mid. 32s Oop.
Twist.
Uplds

8I4 lbs.
Shirtings.

d.
d. ». d.
d.
56,6 611l6®75,0 5 7
6
l3ie®77,0
5 7
538
57)6 6% ®77le 5 7
6i»i0©7ifl 5 7
56s 6U>13®7’68 5 7
S it,« 616,8 ®7®8 5 7

s.
©7
©7
©7
©7
©7
©6

Oolt’n
Mid.
Uplds

d.
d.
Oift 413la
01« 5
01« 4l5lfl
Ola
OL;
9
51ia

I n t e r i o r T o w n M o v e m e n t .—We have had frequent inqui­
ries of late in regard to the heavy receipts reported at Mem­
phis, St. Louis and Cincinnati from week to week in the
C h r o n i c l e . In explanation we would say that for all three
of these cities we use the gross receipts in making up our
statement because only in that way can we arrive at a correct
result as to shipments. Take for instance the St. Louis state­
ment for the week ended April 1, which was as follows : Gross
receipts 4,144 bales, net 2,012 bales, shipments 17,097 bales,
stock 33,801. The stock in St. Louis on March 25 was 46,754
bales, to which adding the gross receipts as above gives a sup­
ply of 50,898 bales; deducting the stock April 1 (33,801 bales)
leaves shipments of 17,097 bales, or as officially reported. If,
however, net receipts be taken and the same method fol­
lowed in arriving at shipments they would appear to have
been only 14,965 bales. It will thus be seen that any other
method than the one we adopt would be inaccurate and mis­
leading.
E a s t I n d i a C r o p . —The Bombay Company’s (Limited) ootton report of date March 11 says:
“ It is reported that the weather recently la th e Dbarw ar districts has
been unfavorable for the growing plants, and it is expected that sup­
plies from that quarter will be considerably less than last year. A few
sample bales of Broach have arrived, and show satisfactory quality,
both as regards appearance and staple, but from up-oountry we bear
that the outturn of lint so far is unusually small. R eceipts generally
now keep pace with last year, but are likely to show some falling off as
supplies are com ing into all the Dliollera markets in disappointingly
small quantities.”

From Messrs. Gaddum, Bythell & Co.’s circular of like date
we, have the following:
“ Oomras continue to come in freely, but the receipts o f Dholloras and
Bengals are not much larger than hitherto, and the quality shows n o
improvement. Of Broach we have so far this season received only 333
bales, against 21,945 bales for the same period last year. Picking in
the Broach districts is now becoming more general, but the quantity o f
seed-cotton received at the gins Is extrem ely small, and the outturn o f
cleaned cotton is reported to be very poor. The cultivators are still
very reluctant to part with the small stocks they hold, and, notwith­
standing the exorbitant prices now being paid in the districts, it is v ery
difficult to procure any Broaoh for early delivery. We have nothin«
fresh to report regarding the Tinnevelly, Dliarwar, etc., crop prospects ”

; 504

TH E CH RONICLE.

W e a t h e r R e c o r d f o r M a r c h .— B e lo w w e g iv e th e r a in fa ll
a n d th e rm o m e te r re co rd fo r th e m o n th o f M a rch a n d p re v io u s
m o n th s o f th is a lili 121Ht Y c a i dilU tilt? IWU u i v w u i u ^ j otw.o.
T h e fig u re s are fr o m th e re co rd s o f th e S ig n a l S e rv ic e B u r e a u ,
«excep t a t p o in ts w h e re th e y h a v e n o sta tio n , a n d a t th o se
-p o in ts th e y are fr o m record s k e p t b y o u r o w n a g e n ts.

R ainfall.
V IR G IN IA .
N orfolk.—

January.

Decem ber.

March.

February.

1886.1 1886. 1884. 1887. [1880. 1886. 1887.) 1880. 1885. 1887. 1886- 1885’
•

2-05 8-80 15-95
10
8
Days rain.. 3
Helena—
Rainfall.in 2-42 8-22 13-40
18
11 . 9
Fort Smith—
Rainfall, in 0-79 1-20 0-80
15
TENNES’E.
Nashville.—
1-48 2-90 3-78
11
20
Days rain.. 15
Memphis.—
8-00 2-92 9-14
20
7
Days rain.. 14

3-30 4-76 2-33
11
10
10
4-18 8-00 8-07
11
7
13

3-41 2-77 807
0
5
0

4-41 4-30 5-00
8
12
e

4-56, 4-40 2-70
9
8
7

2-11 2-98 8-84
0
0
8

3-72 3-38 5-89 12-57 4-79 200
8
12
10
13
0
12

4-54 4-80 1-87
9
9
10

2-10 2-10 0-44
10
4
7

1-19 8-45 0-97
11
12
8

1-80 2-31 2-04
5
8
7

1-98 3-19 8-17
5
9
12

0-45 8-14 094
11
0
Days rain.. 7
Fort E lliot—
Rainfall,I d 0-09 2-11 8-05
7
9
Days rain.. 1
Cleburne—
0-05 1-60 4-01
0
0
9

0-52 3-05 7-77
11
11
5

8-87 3-95 3-02
9
10
0

4-02 2-25
11 11

o-oi 0-02 0-45
1
0
3

0-00 1-44 0-87
1
7
7

0-19 1-49 1-80
0
1
8

0-43 1-81 4-481 1-74 1-75 1-01
14
9
5
0
2
8

0-32 3-81 2-82
14
5
13

0-10 2-69 1-68
5
8
Days rain.. 7

0-28 0-97 5-371 1-71 2-18 0-78
5 1 0
8
8
7
4

1-78 3*94 2-22
0
0
4

1-48 5-60 2-05
11
14

Days rain..

8-76 3-80 5-99
18
6
15

3-47 2-88 4-70
10
7
11

8-80 6-fO 5-05
14
16
11

H

8-07 210 2‘42 4-30 4-01 2-20
11
8
8
8
10
«
4-00 3‘48
4-88 0*17
9
9
14
H
15
H

Days rain..
TEXAS.
Galveston.—

Rainfall,In
Days rain..
W ilson—
Rainfall,In
Days rain..
Morgamton.—
Rainfall,In
Days rain..
fl, CAROL’ A
-Charleston—
Rainfall,In
Days rain..
Jfacout*—
Rainfall,in
Days rain..
43tatebwrg—
Rainfall,in
Days rain..
-Aiken.—
Rainfall,In
Days rain..
Colum bia.—
Rainfall,in
Days rain..
-GEORGIA.

6-26 4-71 5-72
14
11
18

2-39 4*94 8-90
12
13
13

4-81 2-70 4-44
0
10
10

Days rain..
Palestine—

Rainfall,In
D ays rain..
JLtlanta.—
Rainfall,in
Days rain..
Savannah.—
R ainfall ,1b
D ays rain..
•Columbus.—
Rainfall,in
Days rain..
M il’aeviUe.SRain fall, in
D ays rain..
N om e.—
Rainfall,in
Days rain..
Vorsyth.—
Rainfall,In
D ays rain..
FLO RIDA.
JacksonvilleRainfall.in
Days rain..
Cedar K eys —
Rainfall,in
Days rain..
A rcher—
Rainfall.in
Days rain..
S a n ford —
Rainfall,in
Days rain..
Siallahassec—
Rainfall,in
D ays rain..
ALABAM A.
Shmtaom’v.—
Rainfall.in
Days rain..
M obile.—
Rainfall.in
Days rain..
T usoaloosaiR ainfall,in
Days rain..
Selm a—
Rainfall.in
Days rain..

5-00 4-00 0-75
7
9
6

2-94 8-00 9-00
8
5
17

T70 0-80 3-20
11
11
10

4-80 6-64 0-88
14
12
18

2-99 8-06 0-52
18
11
11

1-04 6-95
10
14

2-29 2-18 8 041 0-50 2*00 1-76
6
11
19
7
10
13
5-05 2-80 7-00 2-55 0-48 2-75
8
12
20

2-56 2-42 5-87
10
11
7

8-50 2-48 0-04
9
7
18

1-89 1-40 887
11
12
7

8-20 2-78 0-02
0
7
7

4-48 8-40 8-10
0
7
11

2-74 6-50
0
5

3‘40 2-80 4-05
10
0
11

8-55 2-14 4-10
0
15
5

8-87 3-00 7-56
0
10
13

8-08 2'64 0-09
11
12
8

8-52 7-88 8-44
12
18
17

8-16 5-50 8-21
11
12
8

8-71 2‘02 0'45
14
9
18

1-60 2-12 8-01
8
2
5

0-70 0-90 8-05
4
5
7

8-25 2-48 8-85
7
15
5

8-78 7-81 6-35
7
7
10

1-20 5*44 4-45
2
10
0

2-15 5-45 7-20
4
8
10

8-17 807 4-73
12
11
6

8-95 816 7-94
0
11
14

0-98 5-75 2-40
8
7
0 . VIRG IN IA.
N orfolk.—
H igh est...
282 1-20 4-52 •••• 5-99 1-50
L ow est...
2
8
12
5
8
A verage...
N. CAR ’ L A .
2*93 1-70 3-24 0-64 7-42 1-85 W ilm ingtonH ig b e st...
0
5
12
14
8
10
A verage...
3-74 1-58 4-141
11-10 4-26
Weldon.—
7
10
10
11
10
H igh est...
L o w e st....
8-08 8-88 8-11 0-70 8-10 8-11
A verage...
11
7
9
14
14
10
K itty H awkH igh est...
0-77 1-87 4'79 2-02 10-91 3*42
L ow est....
4
5
3
0
9
5
A verage...
Charlotte—
5-85 1-50 8-34
5-71 8-57
H igh est...
10
0
2
?
4-00 2-45 4-30
6-75 8-35 ^ A verage...
4
9
0
5
H ighest....
L ow est....
5-98 2-20 2-92 3-29 8-07 8-79
A verage...
6
9
12
5
0
10

2-52 5-01 8-76
0
7
0
318

20
1-85 2-51
12
8

48

1-00
4

85

8-Of 8-1 f 4-00
10
5
12
1-07 5-CC 5-10
0
18
4
8-88 0-41 5-03
5
7
8
2-22 5-80 0-47
5
6
8

February.

M arch

1880.1 1885. 1884. 1887. 1880- 1885. 1887.11880. 1885. 1887. 1880. 1885-

1-87 12-14 3-07
5
10
10

1-10 1-18 8-90
6
11
7

2-19 8-17 4-00
8
18
10

0-20 4-45
11
7

1-15 1-60
3
4

4-85 9*79
3
13

5-08 0-69 9-72
11
10
17
2-90 0-12 11-95
18
10
17
8-48 8-84 7*95
11
5
12
8-00 9-85 9-05
10
4
10
465 7-92 9-25
8
10
15

7-47 4-10 3-08
11
5
12

0-72 0-86 2-93
3
10
12

0-02 215 285
0
9
12

3-00 14-02 0-30
7
20
10

4-31 2-18 5-40
4
9
3

11-81 3-17
10
7

0-87 6-75 3-25
5
9
8

0-95 11-10 2-73
5
9.

0-78 4‘31 8-59
0
0
10

2-27 803 8-41
4
8
10

4-14 12-83 3-75
5
14
6

T

6

8-37 8-41 0-99
7
13
9

8-81 4-77 3-81
17
7
9

0-32 1-79
14
14

2-37 1-87 1-02
1 7
5
0

2-28 5-92 5-37
3
9
7

2-37 4-82
0
4

2-00 517
2
8

4-4(
10

2-94 9-4Í
5
10

8-54 8-27
4
7

8-12
0

4-18 4-07 8-93
17
9
0

2-77 0-07 2-02
7
14
7

4-50 0-9C 4-10
8
0
0

1-8C 0-0C 5-10
4
13
8

4-42 5*51
14
7

2-74 5-59 8-20
4
12
5

4*99 3-58
4
7

8-18 8-80 2-99
8
8
5

4-70
8

5-45
4

6-80
8

4-80
4

0-42 4-28 2-30
13
8
10

a Station closed.

75-8 70-8 08‘9
25-1 21-0 20-0
441 40-3 40-8

09-2 71-2 74-9
22-2 27-0 10-0
45-3 40-5 61-2

78-0 09-0 73-5
14-0 11-5 23-3
44-2 42*4 49-2

750 70-5 09-5
27-2 10-0 20-0
54-7 45-0 45-1

81-9 73-1 71-2
27-7 28-8 20-2
62-1 62-5 49-3

eo-o 68-0 70-0
8-0 22-0 8-0
30-0 42'4 41-0

70-0 08-0 72-0
10-0 8-0 150
88-8 34-7 39-6

74-0 08-0 02-0
220 7-0 10-0
40-2 38-2 34-2

77-0 79-0 70-0
29-0 25-0 10-0
44-8 48*2 41-2

00-3 07-7 09-8
21-3 25*3 14-7
42'5 45-4 48-5

H

00-9 71-9
10-5 21-0
37-4 45-4

H

00-8 04-0
5-4 15-1
38-1 890 H

78-0 07-9
27-8 22-5
40-0 41-7
70-0 09-0
24-4 24-0
48*5 45-3

07-0 090 70-0
140 24-0 14-0
89-0 440 45-0

74-0 70-0 700
9-0 8-0 220
403 80-9 43-5

72-0 00-0 02-0
200 7-0 10-0
50-5 40-8 39-8

80-0 820 04-0
200 20-0 240
48-8 61-3 44-0

550 70-0 72-0
18-0 25-0 8-0
34-9 454 45-9

02-0 08-0 70-0
5-0 7-0 20-0
35-6 300 45-0

05-0 08-0 090
20-0 9 0 19-0
44-7 40-2 40-3

70-0 80-0 70-0
200 8(1-0 22-0
47-0 52-0 44-5

S. CAROL’A
Charleston.—
H igh est... 71-8 70-0 700
L o w e st.... 24-8 28-0 20-0
A vera ge... 48'4 50-4 53-7

09- 70-3 72-2
0
10-7 10-5 28-0
45-0 42-8 50-7

60-4 72-3 07-2
33-9 18-3 22-0
50-7 47-5 47-5

80-0 759 71-0
38-9 30-5 33-5
54-8 53-9 52-2

50-0 05-1 70-0
10-8 22-6 14-0
37-0 40-7 42-0

05-8 70-0
8*4 0-7
30-5 34-2

07-2 58-5 00-7
29-8 12-1 8-9
49-2 89-0 85-8

080
81-0
48-5

050 00-0 08-0
22-0 240 17-0
43*9 45-9 47-7

71-0 04-0 72-0
12-0 0-0 20-0
42-4 39-0 44-7

74-0 68-5 04-0
31-0 14-0 100
54-1 44-7 41-4

75-0 77-0 07-0
29-0 28-0 20-0
51-9 53-1 48-3

72 0 00-fl 740 750 09 0 07-0
10-0 00 190 ! 30-0 120 13-0
43-0 4U-5 45-9 1 50-0 45-8 45-8

77-0 80-0 71-0
80-0 28-0 28-0
55-5 55 3 490

H ighest. .
Lowest ...
A vertu te...
Stateburg.—
H ighest....
L ow est....

66-0 730 72-0
20-0
17-0
A verage... 450 40 Ó 48-0

720 08'fl 080
12-0 4-(l 22-0
420 30-0 390

01-1
29-1
44-1

75-0 69-0 71-0
290 10-0 15-0
53-9 89-0 41-0

75-0 70-0
27-(l 280
51-0 52-0

07-5 71-9 74-0
19-7 23-0 23-0
42*0 451 50-7

78-7 08-3 70-0 I 70-9 71-3 73-9
14-7 0-0 22-0 30-0 13-0 14-7
41-8 40-0 45-3 54*9 44-7 42-7

82-7 82-0 75-8
28-9 25-0 20-4
53-2 54-2 49-5

040 09-0 06-5
14-9 21-0 11-0
40-7 42-7 451

08-8 59-9 00-0
90 —2-4 18-7
390 30-1 39-9

73-8 05-8 09-0
28*9 8-4 8-0
52-7 42-C 39-5

73-0 09-5
27-0 20-4
50-1 47-0

74-0 71 "f 75-5
25-C 30-f 27-5
48-5 51-1 54-4

70-1 70-( 75-3
10-C 12-1 29-0
40-£ 45'1 51-5

79-7 70-3 71-0
84-fi 19-0 22-5
58-7 50-0 49-0

81-2 77-C 77-0
82-5 83-f 33-3
50"£ 57-2 54*3

58-C 58-C 050
11-C 5( 21-0
37-C 37( 42-0

69-C 00-0 07-0
43-0 12C 15-0
50-C 48-5 42-0

72-C 71-C 71-0
29( 2K-( 200
52-t 52-C 47-0

78-0
19-0
51-4

73-( 09-C 70-0
12-C 0-( 20-0
41-0 39-8 41-7

78-C 70-( 05-0
31-C 13-0 140
50-£ 44-5 89-5

78-f 71-0
80-C 20-0
53-9 40-3

08-0
12-0
45-0

68-0 50-0 00-0
11-0 1-0 10-0
88-0 30-0 38-0

73-C 06-( 05-0
30-C ll-( 11-0
53-0 41-1 880

74-0 08-0
25-0 24-0
0
510

73-0
10-0
49-3

72-0 08-0 72-0
14"(
0-0 190
43-5 41-7 44-7

78-0 70-0 730
34-C 13-( 14-0
57-5 47-1 44-5

82-0 80-0 70-0
32-C 30*0 20-0
67-1 54-0 51"1

70-C 74-0
33‘? 32-9
53-£ 58-4

70-Í 72-Í 77-fl
21 i 15-5 31-5
49-8 50-7 50-2

83-f 72( 73-3
38-2 24*3 32-1
04-4 53-5 54-3

73-7 74-1
81 f 82-2
52-8 00-7

70-0 73-0 74-7
24-C 15-5 32-g
50-8 49-a 50-5

70-8 72-8 71-0
38-Í 20-5 83-8
05-8 540 54-9

78-0 77-0 78-0
24-0 200 81-0
55-0 55-4 03-1

71-C 79-( 81-0
23-C 14-( 31-0
480 50-0 01-1

81-0 78-Í1 79-0
35-Í 23-( 32-0
58-9 52-6 67-1

80-( 83-f 78-9
35-7 87"( 878
59-5 59-U 57"6
70-0 70-8 75‘9
40-: 851 89-4
0i-a 59-2 58"7
79"0
80-C 84-0 33*0
82-< 20-1
55-S 50"/ 58"7

780 84-9 84-0
as-8 320 87-4
57-9 55-0 05-5

79-9 77-0 84-5
81-7 21-C 41-0
55-9 53-1 02-2

84-7 78-7 81-5
44-1 81-ii 88-C
07-9 57-4 53-5

82-r 80-0 88-3
39« 42-4 43-5
82-a 02-2 01-9

68-0 740
20-0 22-0
47-0 48-0
GEORGIA.
H igh est...
L o w e st....
Average..
A tlanta.—
H igh est...

Mil’geville.—

Days
59-0
18-(
41-(

rain.
60-( 68-0
««■< 17-0
41 •( 50-0

05( 73-(
19-( 21-(
Average.. 43<! 44-i
Rom e.—
H igh e st.. 0O-( 03-(
10-1 ! 23-(
L ow est...
Average.. 80-0 41-0
Forsyth.—
H igh est... 71-0 74-0
L o w e s t.... 20-Í 24(
A verage... 40*1 47-7
FLORIDA.
75-6
27-4
A verage... 52’fc
Cedar K eys.70-0
29-g
A vera ge... 54-4

....

8-72 8-41
15
10

75-0 70-8 05-8
20-8 8-5 14-4
40-7 37-7 37-2

70-8 08-0 052
25-7 5-9 12-01
485 40-1 38-5

Average..
5-58 1-90 2-30
11
13
4

09-0 03-2 71-0
12-0 9-4 19-9
39-4 34-3 42-7

089 030 71-0
8-2 0-0 10-8
88-2 35-3 40-0

6

8-51 6-74 6-60
4
11
19

00-1 08-8 70-0
19-8 22-3 12-2
57-7 43-2 45-2

01-9 02-2 71-0
17-5 20-1 110
390 42'8 44-1

4

Figures prior to February, 1885, are fo r Spartanburg.
-+ Figures for 1884 are fo r Greene Springs.
■i Figures for 1884 are fo r Macon.




January.

December.
Iherm om eter

3-89 2-20 8-07
11
10
5

0-34 1-87 5-23
3
7
9
0‘ 19 1-17 902
8
4
9
0-88 1*57 0-90
4
5
8

Rainfall.in 3-02 2-08 4-78
Days rain.. 8
12
7
X O U IS ’ANA
1,
N ew OrleansRainfall.in 2-5" 4-8f 8-01 4-2f 7-5i 9-70
11
Days rain.
10
9
8
16
15
Shreveport.—
Rainfall,ii 1-52 4-11 15-55 8-20 8-87 12*11
14
0
7
10
12
12
iQrd. CoteaurRainfall,ii 3-26 2-7( 14-4Í 2-52 7-81 0-91
7
7
0
Days rain.
3
0
9
JLibertyHill—
Rainfall.ir 2-11 2-41
2-52 4-62
5
4
5
Days rain.
8
-MISSIS’PI.
Colum bus.—
2-6Í 2-07 5-05 8-12 4-81 6*02
4
0
11
4
Days rain.
10
‘Vicksburg.—
Rainfall.in 1-76 2-86 14-02 8-02 7-84
Days rain. 12
13
10
18
8
13
BrookhavenRainfall.in 2"6( r ie 8-40 8-OC 9-2Í 7*20
0
Days rain.
13
2
11
2
10
CreenviUe—
Rainfall,in 2-07 8-00
8-02 7-80
9
D a y s rain.
2
7
10
....
¿Aland—
Rainfall,in 8-08 0-83
3-70 0-78
8
1
Days rain.
4
9
da rksd a le—
Rainfall.in 8-25
3-07
Days rain.
7
4
C loster.—
Rainfall,tn
8-11
4
Days rain.. : : : :
~ARK'N8AS.
JAttie Rock.—
Rainfall,in 0-88 3-74 17*08 2-20 3-03 4-04
Days rain.. 12
0
11
11
6
12

8-05 5-71 2-53
9
8

8-37 0-43 1-88
10
7
15
7-02 2-89 2-40
14
8
5

1-01 2-15 2-52
11
8
13

1-31 1-80 4-97
10
10
14
3-52 8-24 8-18
10
0
18
1-32 4-77 8-00
9
11
15

5-71 5 1 ° 8-79
14 1 12
9

5-35 2-20
11
5

5-00 4-55 0-01
20
14
8

8-80 8-90 6-18
18
12
17

1-06 3-84 5-00
15
11
8

4-30 3-00
13
4

8-47 8-82 2-00
13
14
13

4-OSi 3-88 8-72
12
0
15

3-20 7-70 404 ! 4*34 2*81 7-18
10
12
12 1 17
7
10

8-15 2-00 315
0
7
4

5-13 5-18 0-29
10
21
13

Rainfall,In
Days rain..
Weldon.—
Rainfall,in
Days rain..
K itty Hawk—
Rainfall,in
_D aysraln..

0-97 4-40 1-64
9
11

March.

0-79 2-62 1-991 4-34 2-38 1-09
9
14
13
0

4-38 2-80 8-04
14
8
14

2-84 2-38 8-801 8-80 2-50 1-09
5
4
8
4
8
7
0-12 0*87 5-94! 8*80 8*81 8-12
5
4
11
7
0
11

.

4-25 3-24 2-84
8 1 10
I
1-53 8*02 1-08
5
io
8

2-011 4-03 8-79
14
10
18

2-78 4-05 8-801 2-20 2-47 4-81
6
7
6
18
8
7

February.

x u v

1880. (1885. 1884- i 1887. 1880. 1885. 1887. I860. 1885. 1887. 1880.11885

Mount Ida—

8-64 2-98 4-08
11
15
14

6-39 2-91
11
12

January.

Decem ber.
R ainfall.

5*85 8-04 4-80
9
Days rain.. | 15
10
» . CAR'NA.I

0-23 5-45
10
18

[vol .

Average...
Sanford—
H ighest....
L ow est....
A verage...

* Figures prior to February, 1885, are fo r Spartanburg,
t Figures fo r 1884 are fo r Maoon.
a Station closed.

A p r il

THE CHRONICLE.

16, 1887,]
||

December.
Thermometer

ALABAM A
Montqom'y.—\

Columbus.—

Highest...

79-C 72( 79-0
88-( 32-1 42-0
60-0 52-C 00-5

70-0 77-1 1 74-0 60-1 72-8 78-r 73-0 79-1
82-1 2ÔC 10-0 1 12'< 5-4 19-2 34( 14n 15-5
44-8 40-0 51-2 45*2 41-1 40-2 60S 47*2 45-4
69-0 09-4 78-8 1 72-0 08-3 69-9 80-5 70-7 70-7
89-S 200 20-3 15"£ 11-C 19-9 30"( 19-8 27-6
48-e 495 83-9 47-0 44-1 48-2 03*5 49-7 483
65-0 04-0 72-0 I 71-0 02-0 690 77-0 64-0 71-0
18(1 22-0 13-0 1 0-C 4-0 100 27-C 13-0 15-0
44-3 432 54-7 1 43-9 37-1 46-5 57-5 421 44-0
63-0 020 02-0 1 71-0 000 08-0 75-0 65-0L72-0
512-0 21-0 10-0 14-0 5-0 180 33-C 15-0 15-0
43*7 43-5 48-0 48-7 38-1 450 58-0 400 44-0
040 08-5 740 71-0 05-0 08-0 70-0 72-0 70-0
100 21-0 140
9-0 4-0 140 30-C 11-0 120
429 45-5 48-0 43-0 39-8 43-4 57-0 47-1 42-7

79t 77-5 75-9
32N 29-! ' 28 2
57-e 55" 51-7
70-8 75-f 78-8
305 34-C 290
58-8 bO"! 58-5

(

72-4 78-5 70-5
27-0 30-4 28-8
51-0 53-1 58-7
72-0 73-2 74-4
20-S 25-4 19-0
40-3 43-0 40-7
71-0 73-1 70*1
2-2-0 28-1 25-2
62-2 54*4 57-7
04-0 75-0
20-0 34-0
54-0 54-5
08-0 70-0

Lowest.... 120 10-0
Average., 390 43 0

Vicksburg—

Highest...

Lowest ...
Average...
Brookhaven—
Highest..
Lowest...
Average..
Greenville —
Highest...
Lowest...
Average..
Leland—

Highest...

Lowest...
Average..
Clarksdale—
Highest...
Lowest...
Average..
Gloster—
Highest..
Lowest...
Average..
A HKA NS’S
L ittle Rock.—
Highest..
Lowest...
Average...
M ount Ida.—
Highest..
Lowest__
Average. .
Helena —
Higoest...
Lowest....
Average...
Fort S m ith Htghest...
Lowest....
Average...
Highest...
Lowest....
Average...
Highest...
Lowest....
Average...
Ashwood .—
Highest...
Lowest....
Average...
A u stin .—
Highest. .
Lowest....
Average...
TEXAS.
Galveston.—
Highest....
Lowest__
Memphis .—

1 76-C 72-C ...
1 21*1 12< ....
52-C 490 ....

75-0
81-5
55-2

81-5 74-0 75-3 80-8 80-8 77-2
44-0 25-01 30-0 ! 43-8 40-1 880
05-2 53-2 53*1 02-1 58-0 58'4
83-0 81-5
70-1 09-9 72-9 78-2 77-2 77-8
29-4 310
12-0 1-3 13-0 34-5 19-8 14-0
45*2 38-1 41-5 50-3 48-8 450 .... 54-1 54-4
74-9 70-4 75-5 80-8 73-0 73-2 81-5 77-0 780
17-0 10-8 21-4 40-0 20-8 24*9 380 85-fl 38-2
50-3 40*9 51-1 04-0 541 52-4 04-9 00-2 59-4
720 08-0
75-0 75-0 76-0
71-0 700
23-9 5-0
38-0 28-0
490 400 32-0
49-5 390
00-5 570 01-1
59-0 52-5
08-0 00-0
80 —2*0
38-0 350

74-0 07-0
20-0 80
53-0 38-0

72-3 75-0
8-1 190
38-0 44-5
650 75-0
140 19-0
420 45-0

75-0 730
190 190
49-0 48-0

77-0 70-0
90 20
43-0 300

74-0 73-0
180 18-0
43-8 47-9

730 71-0
15-0 2-0
43-5 35-5

72-0
12U
41-2

79-0 74-9 77-3
87-7 10-0 17-2
59-2 4a-l 48-7
780 TOO 71-0
38-0 22-0 24-0
01-0 490 47-0
790 78-0
85-0 10-0
67-0 45-2

70-0 75-0 750
28-0 240 22-0
45-0 52-0 530
30-1 83-0 77-2
30-9 28-9 27-0
00-4 55-0 544
77-0 70-0 78-0
34-0 340 30-0
590 54-0 54-0
87*0 91-0 74-0
37-0 27-0 270
02-0 58-1 590
80-0 84-0 81-0
320 200 250
58-9 52-8 52-2

73-0
8*0
40-5

80-0 79-0
320 14-0
50-8 35-7
70-0
32-0
50-7

79-0
14-0
450

81-0
29-0
55-0

82-0
380
60-0

65-0 000 080 72-2 00-0
14-7 190 10-0 7C —1-0
37'4 450 300 40-7 30-0
70-0 70-0 70-0 74-0 500
12-0 15-0 15-0 -13-0 —4-0
390 42-0 88-0 410 30-0
07-0 08-0 70-0 75-0 58-0
18-0 21-0 100
8-0 —4*0
38"5 44-0 40-01 41*0 31-0
03-8 75-2 72-5 72-7 010
7*7 0-8 12-2 —4-0 —0-9
36*1 41-5 30-8 38-0 27-0

72-0 08-0 08-0
23-0 11-0 7-0
47-5 41-0 37-0
09-('¡ 74-0 700
2-0 27-0 10-0
34-0 47-7 38-2
000 76-0 04-0 700
7-0 280 10-0 9*0
35-0 50-0 41-0 40-5
09-3 75-1 09-0 74-1
2-4 199 1-9 0*1
32-3 45-1 385 35-7
62-0
30
300

021 03-9 07-0 70-2 58-9 05-8
10*9 18*5 0-9 — 1-8 —90 2-2
34*7 40‘3 40-4 37-9 290 —
33-1
00-0 08-0 68-1 72-2 60-5 04-9
17-0 18"5 8-1 4*3 —8-0 2-7
373 42*0 41-3 40-3 29-0 30-5
61-0 03-0 020 08-0 57-0 00-0
6*0 17-0 8-0
3-0 —7-0 2-0
35*2 39-4 40-0 38-9 30-3 35-0
030 05-0 080 71-0 59-0 02-0
1*0 18'0 3-0 20 —1-9 00
35"0 40-0 89-7 38-8 80-8 34-9

72-2 72-5 72-5
24'5 34-3 293
Average... 50 2 57-e 57-0
Palestine .—
Highest... 71-8 77-0 76-2
Lowest.... 14-4 23-9 15-2
Average... 47"5 50-0 45-1
F ort Elliot —
Highest... 71-3 77-5 87-8
Lowest.... 2"4 —0*3 —2-0
.Average... 34'0 39*8 20-2
Cleburne—
Highest.,.. 78-0 84-0 700
Lowest.... 14-0 100 8-0
Average... 41'0 48-1 38-1
Austin—
Highest.... 74-0 79-0 74-0
Lowest .. 20-0 29-01 25-5
Average... 51-9 540 57-3

79-0
31-0
57-0

75-0 71-0
20-( 250
63-8 51-1
75-0 72-0
33-C 28-0
60-0 50-0
76-0 71-5
27-C 24-0
53-5 49 4

78-0 71-9 74-9
21-4 15-3 27-7
51-4 45-5 52-1

09 1 73-0 73-8 70-2
19-2 22-5 18-1| 9-0
40-9 48-7 50-9 46*4
«VO 08-0 08-0 73-0
250 25-0 220 18-0
48-0 48-0 490 48-0

TENNES’ E.

Nashville .—

M arch

82-( 72-C ....
40-i i 18-< .
03-C 490 ....

Wfl 72-0
Highest
20-(
A verage... 51-0 50-7

Average..
MISSISS’ PI

February.

1886 1835 1884. 1887 1888 1885. 1887 1886 1885 1887 1880 1885.

Lowest. ..

Highest...
Lowest__
Average...
Mobile —
Highest..
Lowest...
Average..
luscdloosa ■*Highest...
Lowest....
Average...
Selma—
Highest...
Lowest...,
Average...
Auburn—
Highest...
Lowest—
Average...
LOUIS’NA
N. Orleans.Highest...
Lowest—
Average...
Shreveport.—
Highest..
Lowest...
Average..
Or'd Coteau—
Highest...
Lowest...
Average..
Liberty S ill —
Highest....
Lowest....

January.

74-9
22-7
49-3
74-0
26-0
49-0
71-0
240
50-0
75-0
20-0
50-0

74-0
80-0
53-1

605

A tken, S. <7.—Fruit, vegetables (except asparagus) and vegetation se­
verely injured in this seotion by the frosts o fM a r c h 18th, 19th and
29th.
Savannah, Ga.—The frosts o f the 19th, 20th, 28th and 29th were
severe.
Columbus, Ga.—Very oool during last five or six days o f the month.
Forsyth, Ga. —We have had a remarkable March. There has been no
rain for twenty-two days, and sinoe the 14th we have had w intry
weather. The weather o f the 29th would have been creditable to mid­
winter. For oyer three weeks we have had, with very little interrup­
tion, constant drying winds from the northwest. There are very poor
stands o f oorn : indeed, a very small part o f the corn crop is up at all,
and fears are entertained that it cannot com e up till it rains. Muoh of
the fruit has been killed and perhaps all seriously damaged.
Archer, Fla.—V ery dry and oold month.
Sanford, F la .—Frosts on the 1st, 13th and 19th—that on the latter
date doing oonsideranle damage to vegetation.
Tallahassee, Fla.—Unusually dry weather.
Montgomery, Ala. —The driest March sinoe the opening of the station.
A uburn, Ala. -U ntil a light rainfall on the 31st no rain had fallen in
twenty-three days. The ground becam e very dry and young plants suf­
fered some, while muoh of the oorn planted has not come up beoause
there was not enough moisture to make it sprout. The average temper­
ature is 1*8° above the normal, and the rainfall 3-92 inohes below the
normal.
Selma, Ala.—We have had frost on several nights in this seotion, and
some damage has been done to oorn in localities. The weather during
the month has been quite cool, especially the nights, with very little
rain. Good progress has been made in preparing ground and in plant­
ing ootton, but none, or very little, having com e up, no damage has been
done by frost to that plant.
Grand Ooteau, L a . —Weather very favorable for planting, and all
crops very fine so far.
Vicksburg, Miss.—Frosts on the 23d and 29th.
Brookhaven, M iss.—Beautiful weather, with very little rain during
the month -g rou n d almost too hard and dry to plough. Suoh a warm,
dry March is not remembered by the oldest oitizens.
Greenville, Miss.—Weather generally clear; frost for three or fou r
days during m onth; planting progressing; frost has done very little
damage, if any, to fruit.
Clarksdale, Miss,—Month favorable for farm work. Oorn planting
half finished and ground nearly all prepared for ootton. “ Buffalo
g n a ts” beooming abundant and are oauslug slight losses in stock.
Gloster, Miss.—Nights oold, retarding the planting o f ootton.
Helena A rk.—The past few days have been oold. The river is falling
rapidly, with about ail the overflowed land out in this seotion. But the
ground will be too soft to plough for some days. With no more high
water, this overflow has done but little damage to orops. Although
most of the lands out o f water have been planted, and oorn is up and
growing, good ootton orops can be made now, or even later.
Ashwood, Tenn.—Ice form ed on the 15th, 18th, 19th and 23th.
Cleburne, Texas. -K illin g black frost on the 28th. destroying the pros­
pects o f fruit, potatoes, oorn, etc. The drought is unbroken, and the
grain orops are suffering terribly. Very llotle ootton planted. Oorn
that is up looks bad. But for our artesian well there would be no
water for us in the oity, or out o f it.
Austin, Texas.—On the 8th we had a very heavy rain and hail storm,
with thunder and lightning. P rospects to-day (April 4) are very bad,
as the drought still continues, and oattle on the prairie are dying, hav­
in g no water.
. .t.
Co m p a r a t iv e P o r t R e c e ip t s a n d D a i l y C r o p M o v e m e n t «

—A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day o f
the month. W e have consequently added to our other standing
tables a daily and monthly statement, that the reader may
78-0 78-0 constantly have before him the data for seeing the exact relative
24-0 24-0 1 movement for the years named.
The movement since
50-0 50-0
September 1, 1886, and m previous years, has been as follows.

80-0 78-0
24-0 22-0
40-5 48-7

Tear B eginning September 1.
Monthly
74-0 78-0 76-0 Receipts.
1886.
1885
1884
1883.
1882.
1881.
30-0 25-0 24-0
55-4 500 48-0 Sept’m b’r 359.203 385,642 345,445 343,812 326,656
429,777
70-0 82-0 79-8 O ctober.. 1,034,450 1 ,0 5 5 /2 4 1,090,385 1,046,092 980,584 858,195
28-0 25-2 24-3
54'4 47-5 47-9 N ovem b’r 1,169,979 1,083,552 1,122,164 1,030,380 1,094,697 974,043
Deoem b’r 1,164,886 1,009,920 1,104,211 1,059,653 1,112,536 996,807
J a n u a ry . 644,681 543,393 475,757 487,729 752,827 487,727
00-8 70-4 70-7 77-9 74-2
-0-0 —0-8 240 21-0 10-0 February. 404,272 414,656 261,449 385,938 595,598 291,992
35‘4 33-4 49-2 47-1 41-8 Marob . . .
258,332 283,645 163,503 241,514 482,772 257,099
050 080 78-8 81-0 74*3
5-8 9'9 29'9 20-7 2H-2 T otal....... 5,035,803 4,836,332 4,562,914 4,595,118 5,345,670 4,290,640
39-9 39-0 53-7 48-9 470 P erc’tage o f tot. port
receipts Mar. 3 1 ..
89*62
95*51
94*73
03-0 88-0 73-0 78-0 74-0
88*80
90*89
—8-0 3*0 28-0 20-0 18-0
30-7 85-5 50-0 47-2 44‘4
This statement shows that up to Mar. 81 the receipts at the
04-0 09-0 750 78-0 70OJ ports this year were 199,471 bales more than in 1885-86 and
12-0 3-0 24-0 23-0 10-0 472,889 bales more than at the same time in 1884-85. By
350 33-0 49-4 48-5 43-8

74-7 88-7 72-0 74-7 71-0 70-0
23'5 11-0 23-4 47-2 31-6 28-0
5i*2 47-3 50-0 029 535 52-0
77-0 75-1 73-4 811 82-2 76*6
11-3 <)•() 11-1 22-8 28-8 14-0
45-9 39-3 41-9 54-7 50-2 45-0
73-4 60-0 58-5 77-2 73-7 71-0
—4'4 —9*0 -0 -0
3-1 5"2,—2-3
341 25'2 27-2 88-9 39*9 32-2
82-0 72-0 09-0 76-0 84-0 72-0
o-o -'3-0
4-0 15-0 10-0 8-0
380 32'9 34-2 48-0 48-2 39-1
80-0 78-5 73-5 80-0 80-0 77-0
17-0 0-5 22-5 25-0 25-0 24-0
81-5 27-1 51-5 40-1 39-3 48-9

79-4 70-0 73-5
4 5 5 37-8 43-2
05-2 59-0 60-7

adding to the totals to March 81 the daily receipts since that
time, we shall be able to reach an exact comparison of the
movement for the different years.

80-2 78-0
1886-87. 1885-86. 1884-85. 1883-84. 1882-83. 1881-82.
27-3 31-1
550 54-0 Tot.Mr.31 5,035,803 4,836,332 4,562,914 4,595,118 5,345,670 4,290,640
5,050
5,080
4,499
5,344
8.
82-8 83-7 82-0 Apr. 1___
6,612
240 14-0 18-0
5,994
«* 2 . . . .
5,147
9,766
5,770
8.
8,096
50-3 44-2 45-3
5,329
** 3 . . . .
8.
4,387
4,556
15,534
7,501
85-0 82-0 79-0
1,830
4,494
8,873
8.
9,772
12,239
“ 4 ....
21-0 27-0 200
57-2 53-8 49-0
7,114
8.
6,155
7,740
7,048
“ 5 ....
13,597
7,792
8.
“ 6 ....
3,111
4,022
3,933
13,354
80-5 83-0 75-5
36-0 34-0 41-0
6,300
3,262
7,167
4,998
9,512
“ 7 ....
15,310
03-8 50-9 59-2
6,608
2,829
4,507
“ 8 ....
4,732
8.
4,170
8,324
3,204
2,415
«« 9 . . . .
8.
4,188
11,300
6,466
3,319
6,625
18,304
J< 1 0 ...
8.
7,387
The following remarks accompany the month’s weather re
4,449
6,628
8.
7,506
3,846
6,990
“ 1 1 ....
ports for March, 1887:
13,512
8.
2,782
4,1*82
9,434
“ 1 2 ...
3,791
9r9ant°n < N. O.—Had a snowfall o f three inches on M arch 31
3,676
8.
2,674
8,358
15,788
3,592
“ 1 3 ....
Qrain crops look well, but fear all fru it Is killed.
6,101
7,596
5,340
8,615
3,386
7,299
“ 1 4 ....
<LnSOQ,htoM,A
unusually dry m o n th ; killing frosts on the 18tl
and 29th, and light frost on the 30th.
9,223
8.
2,610
5,187
3,351
3,879
“ 1 5 ....
r3hJu a ' ~ Ff08t® °u 14th, 15ib, 18th, 19th, 20th, 22d, 23d
«A
°rS ’ accompanied by ice on the 15th, 18th, 19th, 20th, 29tl
Total....... 5,091,818 4,937,144 4,617,170 4,663,844 5,494,753 4,372,215
T O r v S ; o w he, month, though decidedly colder than February, wa
Percentage o f total
fo r f3 r? 1 T ° l £ oa account o f the dryness, and work ha
91-49
96*16
96*65
91*28
92*62
p ort rec’pts Apr. 15
nmi ai
very satisfactorily, and notwithstanding the cold and un
E
m
aI , o f frosi y m.°-mmgs the fruit has not been entirely de
This
statement
shows
that
the
receipts
since
Sept.
1
up
to
evenino*
0i me ,ln w1^ 1 a cold, drizzling rain, accom panied in t b
to-night are now 154,674 bales more than they were to the same
yemng with sleet and some scattering snowflakes ju st after sunset.




f o06

THE CHRONICLE

day o f the month in 1886 And 474,648 bales more than they were
to the same day of the month in 1885. W e add to the table
the percentages of total port receipts which had been received
to April 15 in each of the years named.
J u t e B u t t s , B a g g i n g , & c .— A good businees is being done
in bagging, and goods are moving quite freely. Prices are
steady, and sellers are naming 6@6J^c. for 11£ lbs., 6J^@6%
for 1% lbs., 7 @ 7 ^ c. for 2 lbs., and 7^ @ 7% c. for standard
grade's. Not much activity is reported in jute butts, though a
fair trade is being done at l % c .@ l ‘80c. for paper grades, and
2@2%c. for bagging qualities.
r S h i p p i n g N e w s . —The exports o f cotton from the United
States the past week, as per latest mail returns, have reached
84,242 bales. So far as tne Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the C h r o n i c l e last Friaay. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total bales.
Ne w Y o r k —T o Liverpool, per steamers Adriatic, 666 . . . .
A urania, 1,683. ...B a ltic . 1,264___ City o f Richm ond, 1,897
England, 1,834___ Lake Superior, 1 ,1 5 2 ....Ptolem y, 1,309
....W y o m in g , 4 1 ........................................................................... 9,844
T o Leitn, per steam er Aroma, 1 ,0 0 0 ............................. ............
1,000
T o Bremen, per steamers Eins, 8 2 9 ....W erra , 3 5 0 . . . . . . . . . . . 1,179
T o Ham burg, per steam er Suevia, 225......... .............................
225
T o Antwerp, h e r steamer Belgenland, 20 3.................................
203
N e w Chileans—'To Liverpool, per steamers D iscoverer, 3 ,5 9 0 ... 3,590
S avannah —1
T o R eval, per bark Delphin, 1,550 .. ........................
1,550
C h a r l e s t o n — To the Baltic, per steamer Cerdic, 5 ,2 4 0 ................
5,240
G alvebton —To Vera Cruz, per steamer Harlan, 5 3 0 ....................
530
N e w p o r t N e w s —T o Liverpool, per steamer Duke of West*
minster, 4,145 ............................................................. .......... .
4,145
1,643
B altim ore —To Liverpool, per steamer Servia, 1 ,6 4 3 ...................
To Bremen, per Bteamers Hermann, 80 3___Main, 7 5 0 ...........
1,553
T o Rotterdam , per steamer P axo, 7 ............................................
7
B oston —To Liverpool, per steamers Istrian, 2 ,6 8 0 ....Sam aria,
5 6 ...................... ............................................................................. 2,736
To Yarmouth, per steam er Dominion, 2 5 ..................................
25
772
P h ila d e l ph ia —To Liverpool, per steamer Indiana, 772..............

The particulars of these shipments, arranged in our usual
form, are as follow s:

New Y o rk ....... ...
N. Orleans.......
Savannah........
Charleston.......
Galveston . . . . .
N ewport N.......
B altim ore....... ...
B o s t o n ............ . . . .
Philadel’ia .......

Rotter­
dam
Brem. and
R etai
and
L iver­
and
A n t­
pool, Leith. Hamb. werp. Baltic.
9,844 1,000 1,404
203
1,550
5,240

•r--

1,643
2,736
772

T ota l........... .... 22,730

1,553

7

...... ...... ......
1,000 2,957

210

6,790

Vera
Cruz
and
Yar­
mouth.

[VOL. XJL1Y,

The tone of the Liverpool market for spots and futures each
day of the week ending Apr. 15, and the daily closing prices
Of spot cotton, have been as follows:
Spot.

Saturday Monday. Tuesday.

Market, (
12:30 P.M. J
Upl’ d s .......
Mid.Orl’ns.
Mid. Sales .
Spec. & exp.

W
©
ti
p

Futures.
Market, {
12:30 P.M. 1

Fair
business
doing.
5 U ie
5%
10,000
2,000

W
©

tí

Wednes. Thursd’y.
Firm.
5 U i«
5%
12,000
2,000

Friday.

In buyers’ In buyers’
favor.
favor.
5U le
6%
12,000
2,000

51%«
5%
8,000
2,000

0

Market, Ì
4 P. M. }

Strong at
8-64 ad­
vance.

Steady.

Very easy.

Weak.

Steady at Quiet at
1-84 ad­
1-64 de­
vance.
cline.
Very
Quiet.
steady.

The opening, highest, lowest and closing prices of futures for
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated,
B3P The prices are given in p en ce and 64ths, thus;
4 t>3-64tf., and 5 01 means 5 1-61 d.
M on.

B a t ,, A p r , 9 .

A p r. 1 1 .

4 63 m eans

T u es., A p r . 1 2 .
Open High Low. Clos.

April...........
April-May..
May-June .
June-July..
J u ly-A u g...
A ug.-Sept..
Septem ber.
Sept.-O ct...
O ct.-N ov ...

rl

rl
O

©
8i

•
!
•
i

d.

d.

d.

5 43
5 43
5 44
5 46
5 48
550
5 51
5 42
533

5 43
5 43
5 44
5 46
5 48
6 60
6 51
5 42
5 33

5 42
5 42
5 43
5 45
5 47
5 40
5 50
5 42
533

d
5 42
5 42
5 43

5 45
5 47
5 49
5 50
5 43
5 33

;

W edn es., A p r . 1 3 .

T h u r s ., A p r . 1 4 .

F r i., A p r . 1 5 .

Open High Low. Clos. Open High Low. Clos. Open High Low. Clos.

Total.
12,451
3,590
1,550
5,240
530
530
4,145
.......
3,203
2,761
25
772
......
34,242

555

P Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing data down to the
latest dates:
G alveston —For Bremen—A pril 9—Steamer Rowena, 2,468.
N ew Orle a n s —For Liverpool—Apr. 9—Steamers Costa Rican, 2 ,5 0 0 ....
Merchant, l,a I 0 .
M obile —For Liverpool—Apr. 9—Steamer Trojan, 1,365.
B oston —F or L iverp ool—Apr. 6 —Steamer Scythia, 3 7 9
Apr. 8—
Steamer Palestine, 1,386___Apr. 1 1 - Steamer Iowa, 2,443.
F or Yarmouth—Apr. 9—Steamer Alpha, 25___Apr. 1 2 —Steamer
. Dom inion, 26.
B a lt im o r e —For L iverpool—Apr. 6—Steamer Carthaginian, 3,275—
Apr. 7—Steamer Barrowmore, 332.
F or R otterdam —Apr. 6—Steamer Pera, 5.
P hiladelphia —For L iverpool—Apr. 11—Steamer Lord Gough, 1,568.

d.
5 43
5 43
5 45
5 47
5 40
550
5 51
Sept.-Oct... 5 43
O ct.-N ov ... 533

A p ril..........
Apr .-May ..
May- J u n e ..
June-July..
July-Aug ..
A ug.-Sept..
Septem ber.

d.

d.

5 43 542
5 43 548
5 45 5 43
6 47 5 45
5 40 5 47
550 5 40
5 51 5 60
5 43 542
5 33 6 33

d.

d.

d.

d.

d.

5 48
5 42
543
5 45
5 47
5 40
5 50
5 42
533

5 40
5 40
5 41
5 43
5 45
5 47
5 48
5 40
5 31

5 42
5 42
5 43
5 45
5 47
5 40
5 50
5 42
5 82

5 40
5 40
5 41
5 43
5 45
5 47
5 48
5 40
5 31

5 42
5 42
5 43
5 45
5 47
6 40
6 50
542
538

d,
6 41
6 41
5 42
5 44
546
6 48
5 40
5 40
5 31

d.

d.

5 41
5 41
5 42
5 44
5 46
5 48
5 40
5 40
532

5 41
5 41
5 42
544
5 46
5 48
5 49
5 40
5 31

d
5 41
5 41
5 43
5 44
5 46
5 48
5 49
5 40
5 32

BREADSTUFFS.
F r id a y . P . M.. April 15.188 7.

The market for flour and meal has shown a good degree o f
firmness. Stocks are not excessive, and higher rates of trans"
portation from the West put a check upon shipments to the
seaboard. The market to-day was strong, with prices hardening,
The wheat market opened the week with a notable exhibi­
tion of irregularity. Parcels on the spot as well as for early
delivery were depressed by the large visible supply and the
QCotton freights the past week have been as follows :
comparatively slow outward movement; but the bad reports
Fri.
from California, as well as from the winter-wheat districts east
Satur.
Mon.
Tues. Wednes. Thurs.
of the Rocky Mountains, respecting the damage done by drought
Liverpool,steam u.
iia®564 1lb®6t4 1I8®&64 116®564 116®564
and severe weather to the growing crop, caused a speculation
....
....
....
Do
sail...#.
••••
Havre, steam .. . c.
Bie
Bie
in deliveries for August and the later months, upon which
616
Bie
6ia
Bie
....
....
....
....
....
Do sail........ e.
they advanced. Subsequently the whole market was slightly
Bremen, steam..e.
%
%
%
%
%
%
depressed, but on Wednesday a lower opening was followed
....
....
....
....
see.
....
Do
sail ....e .
by a general, moderate advance, due to a freer export move­
Hamburg, steam, e.
“ sa
n 38
“ 88
«32
11S2
“ 32
....
....
....
....
».»•
....
Do
sa il......
ment and the renewal of unfavorable crop reports, which con­
40*
40*
40*
Amst’d’m, steam c. 40*
40*
40*
tinued throughout Thursday. To-day a speculative corner at
....
....
....
....
....
....
Do via Leith d.
Chicago caused a further advance in speculative values, but
Reval, steam— d. s16®«64 316®l3tí4 316®«64 ®16®«64 316®«64 3i8®i3e4
the spot market was dull and unsettled.
....
.... f
....
....
....
....
Do sail......... d
Barcelona .steamd.
«64
Genoa, steam.. ,.d . 316®782
Trieste, steam, d.
%
Antwerp, steam.d. 764®%

«64
s16®732

%
7«4

«64
«64
«64
316®732 816®732 316®782
%
%
%
764
764
764

«64
3ia
%
704

* Per 100 lbs.

F L i v e r p o o l . —By cable from Liverpool we have the following
statement of the week’s sales, stocks, &c., at that port. W e
add previous weeks for comparison.
Mar. 25.
Sales o f the w eek ............ bales.
Of w hich exporters t o o k . . . .
O f which speculators took ..
Sales A m erican .................
A ctual e x p o r t ....» ............ . . . .
F o r w a r d e d ........ . . . . . . . . . . . .
Total stock—Estimated......... .
O f which American—Estim’ d
T otal im port o f the w e e k ......
Of which A m e rica n . . . . . . . . .
A m ount a flo a t..... . . . . . . . . . . . .
O f which A m erican____ . . . .




81,000
11,000
9.000
50.000
6.000
18.000
949.000
756.000
101.000
76.00C
270,00(
2! >3,000

Apr. 1.

A pr. 7.

88,000
15.000
12.000
58.000
8,000
28.000
959.000
777.000
119.000
90,000
260.000
171,000

fee,ooo
4.000
8.000
36.000
5,000
23.000
976.000
802.000
88.000
71,000
209.000
131.000

A pr. 15.
39.000
3.000
4.000
80.000
9.000
16,000
983.000
810.000
63.000
52.000
222,000
115.000

DAILY CLOSING PRICES OF NO. Z RED WINTER WHEAT.
Sat.
Mon. Toes.
Wed. T h u n . Fri.
92
91*4
91%
91% 92%
92%
May d e liv e r y ........... .
June d e liv e r y ..................... 91% 91*8
91%
91% 92
92%
July d e liv e r y . . . . . . . . . . . . . 91% 91
91%
91% 91%
92%
99%
90%
90%
90% 91
91%
August delivery............ .
September delivery............... 91% S I
91
91% 91%
92%
December d e l iv e r y ........ 94% 94%
94%
94% 9 4 78
95%
M a y ,’88, delivery.............. 99%
99%
99%
99% 99%
100%

Indian com has been variable, and not until to-day could any
decided advance be quoted, and this was due mainly to
sympathy with the course of wheat, there being no active
influences to promote an advance, the higher prices on the
spot materially retarding exports.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
m fc-..
April delivery............
May delivery............. ......... 49%
June delivery ..........
July delivery........... .......... 49%
August delivery.......

Mon.

....

49%
49
50
51%

Tues.
49%
49%
49
49%
50%

Wed.
49%
49%
48%
49%
50%

Thurs.

Fri.

49%
48%
49%
50%

49%
49%
50%
51%

THE CHRONICLE.

A pr il 16, 1887.]

507

------------- —■ -

=

=

1

■ a

Oats have been in good demand from the trade, and prices
The total receipts at the same ports for the period from Jan.
have advanced, the market showing to-day the best values of 1 to April 9, 1887, compare as follows for four years:
1887.
*1886.
the week.
*1885.
*1884.

DAILY CLOSING PRICES OF NO. 2 OATS.
Mon. Tuts.
Sat.
Wed.
34%
April delivery.......... ......... 34=8
34%
34%
34%
Mav d e liv e ry ......... . .......... 34%
34%
34%
Jane d e liv e r y ___ _ . ......... 35
35
35
34%

F lo u r ..... ..b b ls.

Thurs.
34%
35%
35%

F rv
35
35%
35%

Rye is quiet. Barley and barley malt have favored buyers.
The following are the closing quotations :
Fine...................V bbl.
Superfine.....................
Bpring wheat extras.
Minn, oiear and stra’t.
Winter s hlpp’g e xtras.
Winter X X A X X X ..
Patients............... .
Southern s a p e r a ......
Wheat—
Bpring,per bu sh.
Spring No. 2. new
B ed winter, No. 2
B ed w in te r .........
W hite....................
Com —West, m ixed
West. mix. No. 2 .
West, white.........

FLOOR.
$2 3 0 » $3 10 Sonth’n oom . e x tr a s .. 3
2 7 5 » 3 30 Southern bakers’ and
3 2 0 » 3 45
fa m ily br da. .W bbl $4
3 8 0 9 4 50 B ye floor, superfine..
3 2 5 » 3 70
E ine....................... . 2
3 8 0 0 4 65 Corn meal—
4 1 5 » 4 90
W estern, A c . . . . . . . . 2
3 1 5 » 3 30
Brandyw ine.........
2
GRAIN.1

West, yello w .....

White Southern..
Yellow Southern.

4 0 » 3 90
0 0 » $ 4 40
2 90
1 0 » 2 25
4 0 » 2 70
; 0 » 2 75

59
37%
40%
39%
73
55
60
78
70
90
65

The movement o f breadstuffs to market is indicated in the

statements below, prepared by us from the figures o f the New
York Produce Exchange. W e first give the receipts at Western
lake and river ports, arranged so as to present the compara­
tive movement for the week ending April 9, 1887, and since
July 24, for each of the last three years:
B seeipts at—

Milwaukee...
Toledo..........
Detroit........
Cleveland...
8L Louis. ...
Peoria..........
Duluth.........
T ot. wk. ’87.
Same wk.’86.
8ame wk.’Sö.
Sine« July Hi
1886-7.. ..
1 8 8 5 -6 .....
1884-5........

Wheat.

Flour.

Ctom.

Oats,

Barley.

Bye.

B bu.im ibt Bu.ih.00 lbs Ruth.56 lbs Bush.32 lbs Bush.iS lbs Bush.SQ lb
140,157
812,488 1,748,671
463,020
214,260
8,053
66,314
134,355
87,920
27,150
37,095
2,880
4,417
54,081
54,571
3,091
6,000
2,000
4,182
130,675
48,970
23,844
21,002
4,250
74,750
83,500
55,000
15,200
21,083
97,273
494,125
102,155
35,100
5,053
2,510
8,500
43,200
86,775
3,600
5,500
54,230
242,043
190,145
195,262

866,852
617,512
872,001

2.460,957
1,547,871
2,688,863

761,035
588,815
668,026

832,857
274,314
200,901

24,086
32,658
62,129

7,789,794 69,768,704 66,973,994 49,022,761 12,854,504
6,053,361 48,321,635 70,547,637 42,652,770 18,083,170
7,290,516 68,492,110 74,704,305 43,185,715 15,330,329

1,688,235
2,507,706
4,147,940

The comparative shipments of flour and grain from the same
ports from Jan. 1 to April 9, 1887, inclusive, for four years
show as follows:
F l o o r . . . . ...b b l s .

1887.
3,673,766

*1886.
2,713,131

*1885.
3,680,571

*1884.
2,895,126

W h eat..., , .bu sh.
C o r n .....
Oats.......
Barley ..
B y e.... .

7,969,434
12,834,994
11,985,920
2,827,755
229,002

8,660,812
17,855,807
10,681.073
3,646,854
461,035

6,185,507
30,560,534
11,908,097
2,151,667
565,743

7,938,384
23,713,836
11,443,761
2,056,947
1,243,942

Total grain . . . .

35,347,105

36,306,481

51,371,548

46,396,870

* Inolude one week extra.

Below are the rail shipments from Western lake and ri\
ports for four years:

T o t a l........

1886.

1885.

Week

Week

Week

'<180,35i

254,618

257,498

F lo u r .........................bbla.
( w ? ? * ............ .......... ^ ash .
C o rn ....
.......................
................................
® " l6y................................

1887.

188
Wee,

243^

337,163
¿27,3 80
?S 9 ,1 4 l

287,575
533.612 1,562,5
311,894 2,127.960 1,339,5
403,074
822,936
959,3
158,936
90,516
153 4

1,557,676

1,140,128 3,575,024 4,317,2

The rail aud lake shipments from same ports for last fo
weeks were:
Week
Flour,
Whea
ending—
bbls.
busk
Apr. 9,’ 87 266.769
433,11
Apr. 2.’87 346,928
729,7'
Mar.2 6 /8 7 281,877
648,5
M ar.19/87 280^269 1,130,’c

C orn ,
Oats,
bush.
bush.
567,650 676,826
1,493,665 1,650,032
1,535,266 1,198,873
1,466,696 917,526

B a r le y ,
bush.
134,571
298,213
182,014
196,110

I w W s e 'M q i ’ fiaQ
»W KSöö. 791,689

5,063.277 4,443,257
2,370,177 2,350,575

810,903
812,616

821,896

B ye
bush.
19,421
30,159
21,190
27,182
£
IS

of.Aou? and £rain at the seaboard ports fo
week ended A pril 9, 1887, follow:
Few York . . . . .

Boston. . . . . . . . .
Montreal . . . . . .
Philadelphia...
B a ltim o re ......
Richmond.........
Few O rleans...

Flour,
bbls.
113,032
95,695
6,546
16,339
69,523
3,137
15,000

Total w e e k ... 319,272
Cor. w eek ’ 8 6 .. 249,954




Wheat,
bush.
374,675
52,504
37,742
189,761
178,016
13,408
80,000

C om ,
bush.
295,450
254,622
500
156,877
308,915
20,365
200,000

T otal g r a in ....

3,278,193

4,194,392

3,614,027

12,962,855
3,243,926
17,441,295 33.266.742
8,987,898
9,118,889
1,887,039
2,152,577
210,893
122,543

4,028,903

9,616,659
35.826,290
9,625,110
1,962,387
315,059

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

41,489,985

57,345,505

31,410,227

47,904,677

6,034,782
2 ,0 9 8 ,3 6 3
8 3 1 ,3 4 1

* Include ohe week extra.

B ye—
98
State A Pa.,
bash. 57 »
94
Oats—M ix e d . . . . . . . . . . 34 Q
94
W hite......................... 3 7 % »
97
No. 2 m i x e d . . . . . . . . . 35 »
97
No. 2 w h it e ............ 38 »
51% Barley—C an ada......... 66 »
51
Two-rowed State___ 53 »
52
Six-rowed State___ _ 57 e
52
Malt—State, 6-rowed. 73 »
58
State, 2-rowed......... 67 »
52
Canada. . . . . . . . . . . . . 80 »
Peas—Canada.............. 6 4 »

85 »
92% »
92% »
86 »
87 »
47% »
49% »
47 »
47 »
52 »
48 O

Wheat . . . . . b u s k .
C orn ................
Oats...................
Barley..................
B y e ...................

Oats, B a rley,
bush,
bush.
698,000 90,650
238,647 ,7,100
12,500
1,500
31,773 15,000
23,655
.........
6,820
.........
16,000
.........

Bye,
bush.
8,800
900

The exports from the several seaboard ports for the week
ending April 9, 1887, are shown in the annexed statement:
Exports
from —
N e w York

B oston ...
Portland.
N. News.
Philadel..
Baltlm’r«
N.Orl’ns.
Rlchm’nd

Wheat.

Oom .

Bush.
884,471
70,290
118,485
72,185
83,613
284,845
78,149

Bush.
271,071
122,912
113,112
194,870
244,685

Tot. w ’ k 1,592,038 946,650
8’me time
1886.
695,079 1,374,896

Flour.

Oats.

Bye.

Feas.

Bbls.
66,006
15,537
1,141

Bush.
2,257

Bush.
29,857

Bush.
3,976
11.603
36,058

1,786
36,840
1.026
1,770

.........

.........

124,156

2,257

29,857

51,637

133,610

84,405

250

46,914

......

.........

The destination of the exports is as below. W e add the
corresponding period of last year for comparison.
F lour.
Exports
for week
to—

1887.
Week,
Apr. 9.

Wheat.

1886.
Week,
Apr. 10.

[Jn.King.
Oontin’ nt
S.A 0 . Am
W. Indies
Brit, c o l’s
OtlLo’n’ ts

Bbls.
64,427
17,930
14,440
19,417
7,725
216

T o ta l...

124,156

Bbls.
92.319
5,787
17,303
12,224
9,003
1,914

1887.
Week,
Apr. 9.
Bush.
638,049
953,989

1886.
Week.
Apr. 10.

1886.
Week,
A pr. 10.

Bush.
448,482
246,597

Bush.
577,197
343,635
8,350
9.980
2,118
370

695,079

946,650 1,374,896

............

138,610 1,592,038

O om .
1887.
Week,
A pr. 9.

Bush.
587,773
774,358
1.349
3.312
7,104
1,000

By adding this week’s movement to our previous totals w e
have the following statement o f exports this season and last
season:
Flour.

W heat.

Sept. 1/36, Sept. 1, ’85, Sept. 1, ’80, Sept. 1, ’85,
E xports to— to A pril
to April
to A pril
to A pril
9, 1887.
10,1886. 0. 1887. 10, 1888.
Bbls.
Bblt.
Bush,
Bush.
Qn.KIngdom 4,188,048 2,554,125 20.237,570 7,003,415
Continent...
835,107
78,350 17,570,316 4,006,230
607,044
AC. A m ...
524,782
81,874
2,976
West Indies.
400,020
571,654
8,071
4,111
Brit. Col’nles
815,252
342,107
13
25,404
Oth. countr’s
18,040
100,006
21,320
T otal.......... 6,060,064 4,080,0e7 43,048,036 12,838,071

Com.
Sept. 1. ’86, Sept. 1, ’85,
to A pril
to A pril
9. 1887. 10. 1886.
Bush.
Bush.
17,078,357 23,613.787
7.583,213 12,161,844
450,078
787.102
823,703
203,071
26,496
72,892
46,343
35,490
25,504,180 38,874,186

The visible supply o f grain, comprising the stocks m granary
at the principal points of accumulation at lake and sea boar d
ports, andin transit by water, April 9, 1887 ;
Wheat,
Corn,
Oats,
B ye,
In store air—
bush.
bush.
bush.
bush.
New Y o r k ......... ... 4,407,945 1,800,623 1,233,916
21,843
Do a f lo a t ......
29,090
12,300
7,000
A lb a n y ............ .
10,122
22,500
93,190
35,300
B u ffa lo .............. 1,631,947
147,034 143,434
21,382
Chicago...................12,677,118 9,189,893 1,066,387 162,118
Do afloat.........
223,052 2,484,983
5,261
Milwaukee............ 3,899,621
3,650
3.955
8,304
Do afloat..............................................................
Duluth.................. 10,403,129
.........
Do afloat.........
141,000
.............................
T oledo.............
2,987,661
223,059
15,229
1 5 ,2 5 4
D o afloat.........
22,500
.........
D e t r o it ...... . . . . . 2,074,252
107,607
30,638
Oswego.................
88,000
50,500
16,800
9t. Louis................ 2,101,000 3,219,991 388,374
33,527
Cincinnati...........
52,000
20,000
40,000
13,000
B oston ..............
173,603
422,728 322,052
2,012
163,145
7.931
22,003
Toronto..............
4,249
J^ on treal..............
449,392
55,681 125,973
22,282
P h ila d e lp h ia ..... 1,116,544
963,403
73,807
Peoria........... .
8,628
214,877 599,627
16,736
In d ia n a p o lis .....
39,875
11,400
32,498
228
Kansas C ity.........
194,737
192,969
4,712
196
427,513
839,272
......
B altim ore............
Do a f lo a t ......
......
......
......
M inneapolis. . . . . .
7,466,932
......
Bt. P aul.................
890,000
............................
On M ississippi...
96,000 140,270
37,685
On la k e s .............
94,200
......
......
On canal & river.
54,200
.........
......

B arley,
bush.
115,687
20,700
24,850
165,839
113,039
191,530

9,370
70.000
9,860
13.000
19,455
191,112
20,289
5,027

Tot. Apr. 2, ’ 87. 51,585,985 18,784,702 3,904,721 392 392 1.1 6 8 6 2 3
Tot. Apr. 10, ’ 86. 47,682,492 16,487,865 2,236 693 496 398 832 902
Tot. A pr 11, ’ 85*42,724.678 11,600,392 2.589,537 335,353 870 15S
T ot. Apr. 12,’8 4 , 26,173,693 16,578,605 4,138,555 1,869,190 l,18l|254
* Minneapolis and Bt. Paul not included.

E x p o r t s o f B r e a d s t u f f s f o r M a r c h , 1887.—The follow
ing made up from the statement issued by the Bureau of Stt tis200 tics shows the exports of domestic breadstuffs from the under­
mentioned customs districts of the United States for the
926,106 1,236,729 1,032,395 114,250 15,900 month of March in 1887 and 1836, and for the nine month»
266,004 720,176 499,669 40,174
ince July 1, 1886 :
5,623
6,000

THE CHRONICLE.

508
March.
JBreadstuffs

Qu’ntities
Barley, bush.

New York. ...I
B oston ....”.'.:.
Philadelphia..
Baltim ore....
New Orleans..
Ban F.&W ll’m ’te
Other ous. diet’s*

Com, bush.

Oomrmeal, bblt,

Quantities

Value.

Quantities

Value.

158,846

#
120,005

10,151

1,025,774

666,527

10,151

1,184,620

786,532

688,696 8,419,420 1,714,612 11,086,629
179,943 2,244,964
117,817
851,228
114,887 1,801,996
52,658
231,984
826,290 2,198,185 1,061,620 6,088,385
616,945 5,513,212
848,430 1,314,398
29,110
467
2,071
662
249,397 3,171,017
50,224
616,654

5,449.941
1,180.523
805,748
8,238,010
2,621,540
18.774
1,802,695

#

* 181

11,129

5,682

14,471

5,818|

14,471

1,418,026
New York........
217,222
B oston.............
109,628
Philadelphia...
1,687,952
B altim ore.... .
New Orleans.. .L_ 1,797,088
3,110
San F.&W il’m ’te
124,104
Other cue. dist’s*
Total, corn.........

Value.

281

11,860

Total, barley...

1886-87.

Nine Months.

1886.

1887.

Export».

5,352,130 2,685,688 8,081,481 3,937,871 80,535,919 14,072,237

New York...'......
Boston................
Philadelphia......
B a ltim o r e .........
New Orleans......
Ban F.&W ll’m’te
Other cub. dist’s*

7,408
6,983
168
145
7

21,190
16,978
429
405
22

7,150
7,148
1,487
1
5

21,526
17,558
4,083
8
14

86,188
76,465
3,121
682
21

246,286
184,272
8,358
1,694
01

2,859

7,178

2,729

9,900

27.417

78,164

17,525

46,192

18,470

68,084

192,889

513,880

16,523
272

7,302
128

82,825
547
2,710

18,696
274
1,205

439
8,888
61

182
4,255
60

594
8,751
81

298
8,883
41

176,593
8,030
6,754
1,146
1,328
71,666
70,258

72,519
1,855
2.774
540
593
33,358
22,963

Total, oats......

25,688

11,927

45,508

19,892

886,775

134,128

New Y ork ........

7,818

271

227,860
172,984

4,647
5,809

182,930
945,420
26,000
464,000

4,988
21,150
620
13,920

1,985,300
8.653.990
990,350
3,295,958

59,887
96,869
26,937
110,408

7,000
117,650

282
2,860

8,000
28,600

191
660

Total, corn-meal
Oats, bush.
New York......
B oston............
Philadelphia..
B altim ore....
New Orleans..
Ban F.&Wtl’m’te
Other cus. dist’s*

Oatmeal, lbs.

Boston............

Philadelphia...
Baltimore .. .
New Orleans...
Ban F.&W ll’m ’te
Other cus. diet’s*
Total, oatmeal.

638,802

New York.........
B oston ...............
Philadelphia....
B altim ore.........
New Orleans. ..
San F.&WU'm’te
Other cus. dist’s '

61,270
200

Bye, bush.

18,219 1,654,850
87,741
130

16,032

711

70,445
5,382,900

2,435
110,745

41,279 16,840,943

407,231

159,465
3,200
8,871

94,678
1,930
6,800

11,060

580

171,530
101,908
61,470
87,871
Total, rye...........
W heat, bush.
New York.......... 4,170,903 3,892,245 1,122,226 1,071,223 27,513,170 24,787,749
88,627
81,659 1,176,703 1,002,801
209,567
184,893
B oston................
362,232
861,387 0,956,608 6,262,442
878,824
816,259
Philadelphia....
247,032
230,162 10,685.938 9,400,342
681,570
622,632
Baltim ore...........
2.252,200 1.970.005
448,841
412,063
New Orleans......
Ban F.&W il’m ’te 1,241,078 1,105,296 8,878.609 2,642,579 20,782,960 17.219,097
8,889,887 3,210.445
02,610
81,660
Other cus. dist’s*
T otal, wheat...... 7,722,788 7,116,048 5,198,746 4,387,010 73,257,466 63,802.881
Wheat-flow, bbls
202,753
922,565 8,090.716 12,845.769
421,782 1,810,710
New Y ork ...........
724,001 1,089,771 8,570,379
186,017
199,68h 1,019,734
B oston.................
307,988 1,354,120
35,344
180,022
50,293
213,293
Philadelphia......
298,997 1,991,2)3 9,826,405
61,857
323,307 1,590,494
Baltim ore...........
43,818
192,540
12,046
2,191
4,304
20.486
New Orleans......
114,439
445,747 1,115,758 4,391,698
102,400
406.645
Ban F.&W il’m’te
487,193 2,067,463
17.446
87,855
115,553
25,765
Other cus. dist’s*
16,743

Total,wheat-flo’r 1,127,640 5,182,915

totals.

New Y ork ...........
B oston................
Philadelphia......
Baltim ore...........
New Orleans .. ..
Ban F.&W il’m ’te
Other ous. dist’s*

569,547

6,464,283
1,339,175
1.087,186
8.045,630
1,281,183
1,624,181
257,030

11,590

2,677,233

8,781,942 39,250,874

8,759,620
1,024,585
668,104
1,604,71 2
629.298
8,103,548
347,753

43,026,784
11,038,129
8.525.674
22.574,411
4.784,739
22,331,889
0,787,495

total China has taken 86,645 packages, valued at $1,688,738,
For the corresponding period of 1886 the exports to all ports
reached 61,091 packages and in 1885 were 47,654 pack­
ages. Manufacturers’ agents continued to charge up and
make very fair deliveries of staple and colored cottons in
execution of back orders, but the current demand was mainly
of a hand-to-mouth character, and transactions were only
moderate in the aggregate amount. Stocks of brown,
bleached and colored cottons continue in very good shape,
and leading makes of cotton flannels are largely sold ahead
for later delivery. Prices remain firm, save on print cloths,
which have shown a drooping tendency. Print cloths were
in fair demand but lower, closing at 3^0. for 64x64s and 2/£c.
! for 56x60s. Stocks last Saturday, and for the three previous
years, were as follows.
Stock o f P rint Cloths—
Held b y Providence m anuf’rs.
Fall River m anufacturers...
Providence speculators.........
Outside speculators (est).......

Total stock, (pieces)............ 245,000

N e w Y o e k , Friday, P. M., A pril 15, 1887.

I m p o r t a t io n s o f D r y G o o d s .

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| l6 ,S 6 4

There was during the past week a continued lull in the de­
mand for seasonable goods at first hands, and operations in
fall and winter fabrics were chiefly confined to placing orders
for a few specialties, which will be shipped later on by cheap
water routes. The general jobbing trade has relapsed into a
comparatively quiet condition, as usual at this stage o f the
season, hut a very fair distribution of “ jobs” was effected by
means of relatively low prices, moderately large lines of printed
dress fabrics, white goods, ginghams &c., having been
promptly closed out in this connection by the principal job­
bers. The retail trade has shown substantial improvement
within the past fortnight or so, and a good supplementary de­
mand from retailers is looked for as soon as their stocks—
which are by no means cumbersome—have been reduced to
the replenishing point. The demand for men’s-wear woolens
lifts been more or less unsatisfactory, but the domestic cotton
goods market is in very good shape, and while foreign goods
were somewhat sluggish in first hands, prices of the most
staple fabrics are steadily maintained.
D o m e s t ic C o t t o n G o o d s . —The exports of cotton goods
from this port for the week ending April 12 were 3,628 pack­
ages, valued at $240,301. Included in these shipments were
2,030 packages to China, 812 to South America, 233 to the
West Indies, 140 to Central America, 131 to Mexico, 161 to
Europe, 35 to the East Indies, 63 to Newfoundland, and 18
to all other countries. The exports since the opening of the
year aggregate 62,849 packages, valued at $3,524,171. Of this

768,000

The importations of dry goods at this port for the week
ending April 14,1887, and since Jan. 1, and the same facts for
the corresponding periods are as follows:

toco
£* co ;

THE DRY GOODS TRADE

392,000 1,498,000

1 9 ,2 8 0 l

Note.—This statement Includes about 98 per cent o f the entire exports o f the
Articles named from all ports o f the country.

A pril 9, A pril 10, A p ril 11, A pril 12,
1887.
1886.
1885.
1884.
79.000
475.000 180,000
67,000
43.000 399.000
211,000
91,000
255,000 324.000 300,000
47,000
300.000
15.00
75,000
40,000

Prints ruled quiet in agents’ hands, but a very fair distribu­
tion was made by leading jobbers, and there was a steady
movement in ginghams, seersuckers and other cotton dress
goods. White goods were jobbed in liberal quantities, and a
fair business was done in scrims, quilts and table damasks at
unchanged prices.
D o m e s t ic W o o l e n G o o d s . —There was very little, if any,
mprovemeDt in the demand for heavy woolens by the whole­
sale clothing trade, and light-weight suitings, cassimeres, etc.,
were only in moderate request. Overcoatings continued to
move steadily on account of former transactions, but new
business in these goods was of limited proportions. Cloakings,
Jersey cloths and stockinettes were in fair request by the
manufacturing trade, and popular makes are steadily held by
agents. Kentucky jeans, doeskins and satinets were rather
quiet in demand, but such makes as govern the market con­
tinue steady in price. All-wool and worsted dress goods, for
womens’ wear, were in irregular demand, but some very fair
orders for fall styles were placed for later delivery. Flannels
and blankets were lightly dealt in by package buyers, but
carpets were in fair demand, and there was a moderate
business in wool hosiery and heavy underwear.
F o r e ig n D r y G o o d s .—Business in importing circles was
comparatively quiet, and the jobbing trade in foreign goods
was below the average of preceding weeks. The character of
the demand has not materially changed, and prices for the
most staple fabrics are unaltered and generally steady. The
auction rooms presented considerable lines of silks, laces, em­
broideries, &c., to public competition, and dosed out the
greater part o f the offerings to fair advantage.

......

119,669,121
11.187,610
14,998,668
Grand to ta l.__________________________________
* Value o f exports from other customs districts:
#64,097
Richmond,
V
irginia...,
#5,167
I
Brasos, T exas........
96,746
38,121 Yorktown, V irginia...,
Detroit, Michigan.
41,255
■Huron, M ichigan..
Total................................... #257,030
4,235
New Haven, Conn
12,409 !
Portland, M aine...

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A p r il

THE CHRONICLE.

16, 1887.]

Trost (pompantes.

YU

insurance.

%xus\ Comp anies.

Union Trust Company United States Trust Cp. The United States Life
OF X E W YORK.
OF N E W Y O R K ,
N o. 4 9 W A L L S T R E E T ,
Insurance Co.
78 Broadway, cor. R ector S t , N. T.
C A P I T A L ,- - - - - - SURPLUS, - - - - - - -

C a p ita l a n d S u rp lu s, - - - $ 6 ,0 0 0 ,0 0 6

* 1 ,0 0 0 ,0 0 0
* 2 ,5 0 0 ,0 0 0

Auth orized to a c t as E x e cu to r, A d m in istra tor
Guardian, R eceiver, o r T ru stee, and is

A LEGAL DEPOSITORY FOR MONEY.
Accepts the transfer agency and registry o f stocks,
and acts as Trustee o f mortgages o f corporations.

A llow s interest on deposits, w hich m ay be m ade at
i n j tim e, and withdrawn on five days n o tice , with
interest fo r th e w hole tim e th ey rem ain w ith th e

0<For^he" convenience o f depositors this company
also opens current accounts subject, in accordance
with Its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Cleanng House.
TRUSTEES:
Wm. Whitewrlght,
James M. McLean.
Henry A. Kent,
Ambrose C. Ringsland
R. T. Wilson,
James H. Ogilvie,
S. T. Fairchild.
W m . F. Russell,
I. H. Frothingham,
C. D. Wood.
George A. Jarvis,
James N, Platt,
C. Vanderbilt,
D. C. Hays,
A . A . Low,
James Forsyth,
G. G. Williams,
Charles H. T.eland
R. G. Remsen,
Howard King,
J. B. Johnston,
E. B. Wesley,
E Iward Schell,
D. H. Me AI pin,
Amasa J. Parker,
G«nrve B. farbart.
Chauncey M. Depew,
Samuel F. Barger,
Robert Lenox K ennedy, Geo. C. Magonn.
EXECUTIVE COMMITTEE:
Wm. Whitewright,
G. G. Williams,
James McLean,
E. B. W esley,
Geo. C. Magoun,
O. D. W ood,
D. C. Hays,
A . C.Klngsland.
EDW ARD KING, President,
J a m e s M. McLEAN, First Vice-Pres’t,
JAMES H.OGILVIE, Second V ice-Pres’t.
A . O. BONA I h s oN J w ,» i srv.
A . W. KELLEY, Assistant Secretary.

Mercantile Trust & Deposit
COMPANY, OF

B A L T IM O R E .
C a p im i,
.
A uthorized C apitai,

A 8 5 0 0 ,0 0 0
9 2 ,0 0 0 .0 0 0

Authorised to act as Executor, Administrator,
Guardian, Receiver, or Trustee, <nJ is
A LEGAL DEPOSITORY FOR MONEY.
Accepts the transfer agencyand registry o f stocks
and act s as Trustee of mortgages or corporations.
Takes charge o f property, collects and remits In­
terest and income promptly, and discharges falthlully. the duties o f every trust known to the law.
Money received on deposit. All Trust Assets kept
separate from those o f the Company.
Burglar-proof Safes and Boxes (having chrome
steel doors) to rent a t$10 to$lU0 per annum in their
new and elegant chrome steel FIRE AND BURG­
LAR-PROOF VAULTS, protected by improved
Tune Looks.
„W ills kept in vaults without charge. Bonds and
Stocks, Plate and all Valuables securely kept under
guarantee at moderate charges. Paintings. Statu
ary. Bronzes, etc., kept In are-proof vaults.
J 2 ? iL G1i ‘L’ W . W. SPENCE,
L. C. FISCHER
.President.
Vice-Pres’t.
Treas.& Sec.
W . W . Spence,
Christian Devries
C.Mort’n Stewart
Robert Garrett,
Chas, D. Fisher,
Geo. P. Thomas,
O. H. Williams,
Andrew Reid,

DIRECTORS:
Louis McLane,
Robert Lehr,
W. A. Tucker,
Jas. Carey Coale,
Oliver A. Parker,
W. H . Whitridge,
J. A . Hambleton,
Thos. Deford,

John B. Hurst,
Stewart Brown,
W. H . Blackford
E. A. Jenkins,
Bernard Cahn,
J. W i11cox Brown
Alex. Frank,
John Gill.

The Union Trust C o.,
«11 A N D 013 C H E S T N U T S T R E E T ,

P H IL A D E L P H IA .
E x ecu tor, A dm inistrator, A ssig n e e e t c
th e law?®“ 1®8 trU8U 0 f every <‘« r i Pr X ; ñ
to

^AU trútí. tm eti kept separate from those o f the ComBursNmr-Prpof 8 afes t o ren t at $5 t o $60 per annum
W ills kept in vaults w ithout charge
annum .
gu aran tee.t0<!ka “ nd oth er vaJuable8 taken under
R ep ository f o r W estern M ortgage loans bearing «
S X 7 er
Interest. i V i n c i ^ T a n d l n t ó ^
j i f a ' í ei? J S ce¿ ! edJon
at interest.
J
J ° L n G. R E A D IN G , V - P r e s t
M A H L O ^ ^ S T O K ES, ^ e a s u r e r & S e creta ryf ’
D . R . P A T T E R S O N ,rT rust Officer.

James Long.
C.P.Turner, M.D.
W. J. Nead,
W m. II. Lucas,
Rob’t Patterson,
Thos. G. Hood,

A lfr e d 8. Gillett,
w m . 8. Price,
T h os. R . P a tton,
D .H .A g n e w .M .’
T h eo. C. E on 1,

Joseph Wright,
John T. Monroe,
I. G. Reading,
i"s. I. Keefe,
J icob Nayler,
Villiam Watson,

INGDON ; C
^
“ f 80“ A frica , H ÜNTD oty, M if p l in V w ^
w ^ ’ w 1^ h ^>a h . Kdn nncl 8<
TOWN; R . B. M o n ^ n , WBST
D ° YIJC8-

Metropolitan Trust C o.,
35 WaU St., New York.

TRUSTERS:
P 'W illis James,]Robt.B. Minturn,
John J. Astor,
Geo. H. Warren,
John A. Stewart, George Bliss,
S-M-Bucki’gham. William Llbbey,
H. E. Lawrence, John C. Brown,
Isaac N. Phelps, Edward Cooper,
Kfastus Corning, W .Bay’rdOutting
t U. Chittenden, Chas.S. Smith,
John H.Rhoades, W m.Rockefeller.
Anson P. Stokes, A lex. E. Orr.
TIn m a ^ LlTT/L fiS,t5®LL >Secretary.
LOUI8 G. HAMPTON, Assistant Secretary.

Dan. H . Arnold,
Thos. Sloeomb,
Charles E. Bill,
Wilson G. Hunt,
Wm. H. Macy,
Clinton Gilbert,
Daniel D. Lord,
8amnel Sloan,
James Low.
Wm. W. Phelps,

American Loan & Trust Co,
113 BRO A D W A Y, NEW Y O R K .
Capital, Fully P aid......................8 1 ,0 0 0 ,0 0 0
£ o îÎ a -£ N7 x £ ? ANii,Ar:T9 A G EN ERAL
LOAN, TRUST AND FINANCIAL BUSINESS.
Receives Money on Deposit subject to check, and
allows Interest on balances.
A ll Checks pass through the Clearing-house.
MAKES INVESTMENTS OF MONEY.
ACTS AS EXECUTOR, ADM INISTRATOR.
GUARDIAN, TRUSTEE, ETC.
ALSO, AS REGISTRAR AND TRAN SFER AGENT.
„ J ® “ An Authorized Depository fo r Court and
county Treasurers’ Fund.

G eorge h . P o tts,
W a llace o. A n drew s,
J o h n l . Ma c a u l a y ,
Ira daven port,
J a m e s AL V a r n u m ,
W i l l i a m D. Sn o w .
J o h n i . B l a tr ,
J o h n d , K ijjimey
E d w a r d f . Br o w n i n g , F r e d e r ic A . P o t t s .
Ro w l a n d n . H a z a r d , J o h n R o s s ,
g e o r g k S .h a r t ,
A l e x a n d e r G .B l a c k
W m . B. D in s m o r e ,
F r a n k C. H o l l i n s ,
E l i a s L e w i s ,,J r .,
T ho m as L. W atson ,
J u lk s A l d ig k ,
B l i a s C. B e n e d ic t .
St e v e n s o n B u r k e ,
W il l ia m P . A n d e r s o n .

TH E

Real Estate Trust Co.
OF PHILADELPHIA,
N o . 1 3 4 0 Chestnut Street.
C A P ITA L,

-

- __-

-

-

8 5 0 0 ,0 0 0

Receives dep<jslts o f money payable by check and
allows interest thereon; also receives for safe­
keeping securities and other valuables, and
rents^saxe deposit boxes in burglar-proof
Receives Trusts o f every description, acting as
executor, administrator, assignee, etc., and
executing surety for the faithful performance
o f auy trust or office.
A cts as A gent or Attorney for the sale or manage­
ment o f real estate, and insures titles to teal
estate and mortgages.
OFFICERS:
President—FRANK K. H IPPLE.
Secretary—W ILLIAM R. PH ILLE R.
Treasurer—W ILLIAM F. NORTH.
Real Estate Officer—THuM AS B. PROSSER.
DIRECTORS:
Frank K. Hippie,
George Phlller,
Henry C. Gibson,
— ------’
Edward
T. Stee’l,
Lemuel Coffin,
Charles W . Henry,
Beauveau B >ne,
John F. Betz,
William M. Singerly.
Thomas Dolan,
John Wanamaker
R. Dale Benson.
Solicitor—GEORGE J UNKIN.

The Brooklyn Trust C o.,
Cor. o f Montagne and Clinton Sts.,BrookIyn, N.Y.
This company is authorized by special charter to
fstrat recelver’ tru8tee>guardian, executor or adminIt can act as agent in the sale or management of
real estate, collect interest or dividends, receive re­
gistry and transfer books, or make purchase and sale
o f Government and other securities.
Religions and charitable institutions, and persons
Snf 0ÆîstSme<1 10 the transaction o f business, will
una this Company a safe and convenient depositorv
for money, R IPL EY ROPES, President.
7
EDMUND W .COA l i e s , Vice-Pres’t.

YORK.

861, 862 & 263 Broadway, New York.
G. H . BURFORD, President,
0. P . F r a l e i o h , S ec’ y. A . W h e e l w r i g h t , A s s t Seo
W m . T . St a n d e n , A ctu a ry .

All the profit« belong to the PoUoy-holder* exclu­
sively.
All Policies issued by this Company are indisput ­
able after three years.
All Death Claims paid w i t h o u t d is c o u n t as soon
as satisfactory proofs have been received.
This Company issues all forms o f Insurance, in
oluding Tontine and Limited (Non-Forfeiting) Ton
tine.
One month’s grace allowed In the payment o f
Premiums on Tontine Policies, and ten days’ graoe
on all others, the Insurance remaining in full force
during the graoe.
Absolute seourity, combined with the largest liber­
ality, assures the popularity and success o f this com­
pany. .
GOOD AGENTS, desiring to represent the Com­
pany, re Invited to address J. S. GAFFNEY, Superintar dent o f Agencies, at Home Office.

THE

t

ROW LAND N. H A ZA R D , President.
GEORGE S. H A R T , Vioe-Presldent.
W ILLIAM O. SNOW, Secretary.
J AMES S. TH UKSTON, Treasurer.
DIRECTORS :

C IT Y OF N E W

(ORGANIZED IN 1800.)

EQU ITABLE LIFE
ASSURANCE SOCIETY.

In S urplus (namely the excess
o f accumulated funds over liabili­
ties), in P remium I ncome, in the
amount of A ssurance in F orce, the
Equitable Life Assurance Society ex­
ceeds every other life assurance com, and may be regarded as the
st and strongest organization of
its kind in the world.

E

Assets, January 1, 1887....... $75,510,472.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. basis... $16,355,875.76
New Assurance in 1886___ $111,540,203.00
Outstanding Assurance.. . . $411,779,098.00
T H E

ProvidentLife&TrustCo
OF

P H IL A D E L P H IA .

Incorporated Third Mo., 22d, 18«6.
_ . _____ (C H AR TE R PE RPE TU A L.)

C A P I T A L ....................................$ 1 ,0 0 0 ,0 0 0

ASSETS, $ 1 9 ,4 7 2 ,8 6 0 0 2.
n
GRANTS ANNUITIES, R E ­
CEIVES MONEY ON DEPOSIT, returnable on de­
mand. or on which interest is allowed, and is empow­
ered bvlaw to act as EXECUTOR. ADMINISTUATOR, TRUSTEE, GU ARD IAN , ASSIGNEE, COM­
MITTEE, R E C O V E R , AGENT, etc., for the falfhful performance o f which its capital and surplus
fund furnish ample security.
All trust funds and Investments are kept separate
»nd apart from the assets o f the company.
„ « T i i j001^0
partle8 residing abroad oarefully
oollected and duly remitted.
SAM’L R. SH IPLEY, President.
T . W IST A R BROW l}, Vice-President.
ASA 8. WING, Vice-President and Actuary.

The Mutual Benefit

LTFE INSURANCE CO., NEWAlt K , N. J.
AM ZI DODD, - - - - - President.
Assets (Market Values), Jan. 1,1887.., .$4O,8v;6.204 15
Liabilities (4 per cent Reserve)............. 37,974 8<>9 21
Surplus....................................................... 2.851 454 94
Surplus (New York Standard)................ 5 512129 31
POLICIES ABSOLUTELY NON-FORFEIT ABLE AFTER
SECOND YEAR.

IN CASE OF LAPSE the Policy is CONTINUED IN FORCE
as long as its value will pay for; or, if preferred, a
Paid-up policy fo r its full value is issued in exchangeA fter the second year Policies are in c o n t e s t a b l e
except as against intentional fraud; oltuX dll vestricl

tions as to Tcsidc/ncc, tvdvcl ov occv/pdt/ioti <
it&vemoved
Ca s h l o a n s are made to the exte. . o f 50 per cent

n it1? reserve value, where valid assign nents o f the
Policies can be made as collateral secure y.

L o s s e s paid im m ediately upon com pletion and ap­
proval o f proofs.

TRUSTEES:

.& S E S Íg

act as fiscal o r transfer agent ftp0/ . ? . » 0 ®7.011 interest,
tlons, and a ccep t and e x e c u te 0» ^ ^ ! ^ ?o r corp oral
o r corporations on as f a v n ? o h i f r o m
other similar com í pañíes
88 ia v o r a hle term s as
r ífS s E W
W Ü .T B R J .

IN T H E

This com pan. is a legal depository fo r moneys palf
into court- and is authorised to act as guardian c:
trustee.
*
INTEREST ALLOW ED ON DEPOSITS,
which may be made at any time, and withdrawn aftei
five days’ notice, and will be entitled to Interest to:
the whole time they may remain with the company
Executors, administrators, or trustees o f estates
and females unaccustomed to the transaction o f bust
ness, as well as religious and benevolent institutions
will find this company a convenient depository fo>
money.
JOHN A . 8TEW AKT, President.
•
W ILLIAM H. MACY, Vice-President
JAMES S. CLARK, Second Vice-Pros’

f f i g S » P r—tig n t.




Joslah O. Low,
E. F. Knowlton, H ^ K . Sheldon,
Alex. M. White, John T. Martin, C.
D. W ood,
A. A. Low.
Fred. Cromwell, Wm. H. Male,
Alex. McCue,
John P. Rolfe,
Ripley Ropes,
Mioh’l
— - Chaunce
----------- ly. E. W . Corlies.
Abram B. Baylis.
Wm. B. Kendall, [h . E. Plerrepont,,**.
„ .. MaxwMl, ’
H. W
JAMES B oss Ou r ra n . Secretary1.

Frederick 0. Colto n .

A sst, ge o ’y . j

Howard Lapsley & C o.,
BANKERS AND BROKERS,
T4 B R O A D W A Y a n d 9 N E W S T R E E T ,
N e w Y ork .,)

THE

v fll

CHRONICLE.

[VOL. X I I V J

Canadian and W o v ti^ n batiks and ^Bankers.
F O R E IO N .

C A N A D IA N .

Bank o f Montreal.
C A P IT A L , - - $ 1 2 ,0 0 0 ,0 0 0 G o ld .
S U R P L U S , . . . . $ 6 ,0 0 0 ,0 0 0 G o ld .
C. F. 8MITHER8, President.
W. J. BUCHANAN, General Manager.
N EW
<9

T9ob,

TORE

&

61

THE

OFFICE OF THE

Railway Share Trust Co.
(L IM IT E D ).

NO. 4

R AN K

Mutual Insurance C o.,

STREET,
C a p ita l P a id U p , £ 9 7 1 ,8 6 0

Buy and Sell Sterling Exchange, Franca and Cable
Transfers; grant Commercial and Travelers’ Credits
available In any part o f the W orld; Issue drafts on,
and make Collections in, Chicago and throughout the
Domini on o f Canada.

L o n d o n Office, N o . 2 2 A bch n rclk L a n e .

S te rlin e .

This Company undertakes the business o f Trustee
to Loans o f approved Railways, negotiates and
issues Loans on the London Market, acts as Agent for
Railways and other Corporations, either in the mat­
ter o f payments o f Interest on Loans, Dividends on

Imperial Bank o f Canada
C A P I T A L (p a id u p ), - 8U H PLU 8, . . . . . . .
H . 8. HOW LAND, Pres’t.

HEAD
Fergus.
Galt.
Ingersoll.

or Registration o f Stocks in London, or otherwise.

$ 1 ,5 0 0 ,0 0 0
$ 5 0 0 ,0 0 0

Cable Address—PA y y , L o n d o n .

D. R. W ILK IE , Cashier.

O F F IC E ,

TORONTO.

BRANCHES IN ONTARIO.

Essex Centre.

Niagara Kalis.
Port Col borne.
St. Catharines.
8t. Thomas.

Toronto.
Toronto, Yonge Bt.
Welland.
W oodstock.

BRANCHES IN NORTHWEST.

Winnipeg.
Brandon.
Calgary.
r I Aiienï? *n
I Agents in New York :
L loy d ’s, Barnett s & Bos- uANK OF M o n t r e a l .
Biiyuut
uiuiiuu, i
anquet’sduoun,
Bank, limited
Promptest attention paid to collections payable in
any part o f Canada.
Approved Canadian business paper discounted at
She Head Office on reasonable terms, and proceeds
remitted by draft on New York.
Dealers in American Cur’y and Sterling Exchange.

Blake, Boissevain & C o.,
LONDON,

M e r c h a n t s ’ Bank
CANADA.

ENGLAND.

N e g o t ia t e Railway, State and City loans.
E x e c u te orders for Bonds, Shares, etc., on Com
mission, and transact a general Banking and
Commission Business.
S p e c ia l a t t e n t io n given to the execution o f
orders for Securities on the New York, Lon­
don and Amsterdam Exchanges, In corres­
pondence with

BLAKE
OF

18
28

BROTHERS

W a l l S treet, N e w

Sc CO .,
Y ork,

S tate Street. B o s t o n , H a a s ,
AND

Capital, • - • $5,799,200 Paid Up.
R e s e r v e ,............................ $1,500,000 A D O L P H B O IS S E V A IN & CO.
I .President, AND REW A LLAN , Esq.
Vice-President. ROBERT ANDERSON, Esq.

HEAD

N e w Y o r k A g e n c y , N o . 61 W a l l S treet.
HENRY HAGU E.
1 A «m ts
JOHN B. H A RR IS. JR., 5 Agenls-

B

a

o f
n

t h e

k

or

B ritish N orth A merica,
No .

52

WALL

STREET.

Buy and sell Sterling Exchange and Cable Trans­
fers. Issue demand drafts on Scotland and Ireland,
also on Canada, British Columbia and San Francisco.
C I R C U l . A l t N O T E S issued in Pounds Sterling
available in all parts o f the world. U O )l III K K C 1 A L C R E D IT S * IS S U E D for use in Europe.
China, Japan, East and West Indies and the Brasils,
River Plate, Ac.
Bills collected and other banking business trans­
acted.
D. A . M cT A V IS H ,>
H . STIKEMAN,
1 Agents.

F O R E IG N .
THE

Anglo-Californian Bank
(LIMITED).
L O N D O N , Head Office, 3 Angel Court.
SAN F R A N C I S C O Office, 422 California St.
N E W Y O R K Correspondents,
J. <fc W. Seligman & Co.
R O S T O N Correspond’ts, Massachusetts N. Bk.
A u t h o r i z e d C a p i t a l , - - - $ 6 ,0 0 0 ,0 0 0
P a i d - u p C a p i t a l , - * - - 1 ,5 0 0 ,0 0 0
R e se rv e F u n d , « - - » » «
4 0 0 ,0 0 0
Transact a general banking business. Issue C o n .
merclal credits and Bills o f Exchange, available in ah
parts o f the world. Collections and orders for Bonds,
Stocks, etc., executed upon the most favorable terms

FBED’K. FJL.OW.
1Manai»T*
IGNATZ W SIN H A B *, f
P. X. L1LXNTHAL, Cesuier




NEW Y O R K , January 24 ,188 7.
The Trustees, in conform ity to the Charter of
the Company, submit the following Statement
o f its affairs on the 31st December, 1886:
Premiums on Marine Risks from
1st January, 1886, to 31st
December, 1 8 8 6 . . . . . . . . . . . . . . . $3,809,250 53
Premiums on Polloiee not marked
off 1st January, 1 8 8 6 . . . . . . . . . . 1,426,049 46
Total Marine P rem iu m s..... $5,235,299 99
Premiums marked oft from 1st
January, 1886, to 31st Decem­
ber, 1886..................................... $3,817,699 86
Losses paid during the same
p e r i o d . . . . . . . . . . . . . . . . . . . . . . . . . . $2,206,588 68
Returns o f Premiums and E x­
p e n s e s . ......... .... . . . . . . . . . . . .

$841,378 15

The Company has the follow ing Assets, viz.:
United States and State o f New
York Stook, City, Bank and
otherStooks............. ................... $9,382,375 00
Loans secured by Stocks and
o t h e r w is e ......... . . . . . . . . . . . . .
707,100 00
Real Estate and Claims d ie the
Company, estimated a t . . . . . . . .
501,647 31
Premium Notes and Bum Re­
c e iv a b le ........ ..............
1,568,134 20
Cash in B a n k . . . . . . . . . . . . . . . . . . . . .
285,254 68
A m o u n t ... .. . . . . . . . . . . . . . . . . . $ 1 2 , 4 4 4 , 5 1 1 69

A m s t e r d a m . H o ll a n d ._________

O F F IC E , M O N T R E A L .

GEORGE HAGUE, General Manager.
W . N. ANDERSON, Branch Superintendent.
BANKERS
LONDON. ENG.—The Clydesdale Bank (Limited.)
NEW YORK—The Bank o f New York, N. B. A .
The New York Agency buys and sells Sterling Ex­
change, Cable Transfers, Issues credits available In
all parts o f the world ; makes collections In Canada
ana elsewhere and issues drafts payable at any o f
the offices o f the bank in Canada. Every descrip­
tion o f foreign banking business undertaken.

a o m o y

A T L A N T I C

B U IL D IN G S

LONDON, ENGLAND.

O FFIC E :

W ALL

in s u r a n c e .

Heinemann & C o.,
62 Gresham House, E. CM
LONDON.
S o licit accounts and agencies o f Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders fo r the pur­
chase and sale o f Bonds, Shares, Ac., Ac. on
the Stock Exchange.
I n t e r e s t allowed on Deposits, subject to 00-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to
demand drafts.
N e g o tia te Railway. State and City Loans.

SIX PE R CENT INTEREST on the outstand­
ing certificates o f profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 1st of February next
THE OUTSTANDING CERTIFICATES of
the issue o f 1882 will be redeem ed and paid to
the holders thereof, or their legal representa­
tives, on and after Tuesday, the 1st of February
next, from which date all interest thereon will
cease. The certificates to be produced at the
time of payment and oanoeled.
A DIVIDEND OF F O R 1Y PE R CENT is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1886, for which certificates will be issued on
and after Tuesday, the 3d o f M ay next.
B y order o f the Board,
J , H . C H A P M A N , S ecreta ry.

Bank ot Australasia,
(Incorporated by Royal Charter, 1835.)

4 T h r e a ld n e e d le S t., L o n d o n , E n g l a n d

Paid-up Capital,
£1,600,000
Reserve Fund, - - - - - - £790,000
Letters o f Credit and Drafts issued on any o f the
numerous branches o f the Bank throughout Aus­
tralia and New Zealand.
Bills negotiated or sent fo r collection.
Telegraphic transfers made.
Deposits received in London at Interest fo r fixed
periods, or for transfer to the colonies on terms
wbich may be ascertained on application.
PRIDEAU X SELBY. Secretary.

Hong Kong & Shanghai
B A N K IN G

C O R P O R A T IO N .

Paid-up Capital................................................ $7,500,000
Reserve Fund......................................
4.500,000
Reserve Liability o f Proprietors................ 7,500,000
The Corporation grant Drafts, issue Letters o f
Creuit for use o f Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon. Manila, H ong Kong, Foochow, Amoy,
Ningpo, Shanghai, Hankow, Yokohama, H iogo, San
Francisco and London.

A . AT. TOWNSEND, Agent, 4 9 W illiam St.

JOSEPH GIUOTTS
■ STE E L, P E N S

,

P'OLD MEDAL PARIS EX P O SITIO N -1878.

T H E MOST PERFECT OK PENS

T R U S T E E S :
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
James Low,
Wm. Sturgis,
Benjamin H. Field,
Josiah O. Low,
Edmund W. Corlles,
Robert B. Mlntarn,
William Degroot,
Horace Gray,
William E. Dodge,
William H. Maoy,
0. A. Hand,
John D. Hewlett,
William H. Webb,
Charles P . Burdett,
Henry E . Hawley
Adolph Lemoyne,

William D. Morgan,
Charles H. Marshall,
Frederick H. Cossitt,
William Bryce,
John Elliott,
James G. De Forest,
Charles D. Leverloh,
John L. Riker,
N. Denton Smith,
George Bliss,
Isaac Bell,
Edward Floyd-Jones,
Anson W. Hard,
Thomas Maitland,
John Edgar Johnson,
Ira Bursley,
James A. Hewlett,
George H. Maoy.

JOHN D. JONES, President.
W. H. H. MOORE, Vioo-President.
A. A . RAVEN, 2d Vice-Preset.

plisccllatreotts.

J ftu a u c ia X

Crenshaw & Wisner,

NO

AGENCY OF

CRENSHAW CO.

R IC H M O N D , V A .
Standard Brands o f Flour for Shipment to Warm
Climates always on hand.

ORIENT GUANO MANUFACT’G CO
O R IE N T , L . I.
Standard Superphosphates.
O F V IR G IN IA .
High Grade Pyrites free from Arsenic.

Brinckerhoff, Turner
& C o.,
Manufacturers and Dealers In

C O T T O N SAILD U CK
And all kinds o f
COTTON CANVAS, FELTING DUCK, CAS
COVERING, BAGGING. RAVENS DUCK, SAIL
TWINES, AO., “ ONTARIO” SEAMLESS
BAGS, “ AWNING STRIPES.
Also, Agents

U N IT E D S T A T E S B U N T IN G CO.
A full supply, all Widths and Colors, always In stock
N o. 1 0 9 D u a n e S tre e t.

B A G G IN G .
W A R R E N , JONES Sc G R A T Z
S T . L O U IS , M o .
M anufacturers of

COMMISSION

OF NORTH AMERICA.
Cash Capital.................................................... .*..1300,001
Assets and R esources........................................ 880,00<
Deposit with Insurance D epartm ent............. 240.00f
President:
Vice-President:

New York and Liverpools also fo r Oral and Pro­

Sib a l u . T. Galt ,

Hon. Jas . Fir r ib b .

Orders fo r future delivery o f Cotton ex earned a

visions la New York and Chicago.

Managing Director: Edw ard Raw lings .
NEW YORK OFFICE:

BROADW AY.

D. J . TOMPKINS. Secretary.
Nn w Y okk DIRKOTOR8—Joseph W. Drexel. A . L.
Hopkins, H. Victor Newoomo. John Paton, Dante'
Torrance. Edw. F. Winslow, Krastus Wlman. F. P.
Oloottand J. B. Pulsford.

Mohr, Hanemann& C o.,
COTTON

Nos. 314 & 216 BROADW AY, NEW YORK.
Cash Capital, $260,000, invested tn U. 8. Gov’t Bonds
$200,000 deposited with the N. Y. Ins. Dept, for
the protection o f Policy-holders.
Assets, January 1st, 188?, $678,105.
Officials o f Banks, Railroads and Express Comps
ales. Managers,Secretaries,and Clerks o f Publlo Com
panics. Institutions and Commercial Arms, can obtain

Sp e c ia l A ttention G iv e n to th e E xecution
OF ORDERS FOR FUTURE CONTRACTS.

B O N D S OP S U R E T Y S H I P

Robert Tannahill & C o.,

CASU ALTY D E P A R T M E N T .

Cotton Commission Merchants,

from this Company at moderate charges.
The bonds o f this Company are aocepted by the
oonrts o f the various States
Polldes issued against accidents oausing death ot
totally disabling injuries.
Full Information as to details, rates, A c., can b<
obtained at head office, or o f Company’s Agents.
W m . M. R i c h a r d s , Prest. J o h n M.. C r a n k , s e c ’y.
R o b ’ t J. H i l l a s . Ass’t Secretary.
DIRECTORS:
G. G. Williams, David Dows,
W . G. Low,
J.S.T. Stranahan, A. S. Barnes,
Charles Dennis,
A. B. Hull,
H. A. llurlbut,
A lex. Mitchell,
J. L . Biker,
J. D. Verm live, 8. B. Chittenden,
Geo. 8. Coe.
w m . M. Richards,

C o tto n E x c h a n g e | B n lld ln g , N e w Y o iit .
Special attention given to the purchase and sale of
FU TURE CONTRACTS
In New York and Liverpool.___________________

G.

New York, Boston, Philadelphia,
BELLING AGENT8 FOB LEADING BRANDS

B R O W N & B L E A C H E D 8 H IR T IN G S
A N D S H E E T IN G S ,
PRINTS. DENIMS. TICKS. DUCKS. *e.

T o w ela.Q u II tn, W b lt e G o o d s A H o siery
Drill», ¡Meeting», tie, for Export Trade.

E ugene K . C o le ,

SECURE BA jNK VAULTS.

COMMI SS I ON

J S ^ J S S S S S S t organl,ln* will hare their order.

NEW

WELDED CHROME STEEL AND IRON
In Bound and Flat Bars, and 5 ply Plates and Angle
FOR

SAFE S, V A U L T S , A c.

Cannot be Sawed, Cut or Drilled, and practically
Burglar-Proof.

CHROM E
C irculars F ree.

STEEL

J. C. Graham & C o.,
1 9 .S o u th W i l l i a m S t. Sc 51 S ton e S t .,
NEW YORK.

W ORKS,

COTTON.

B R O O K L Y N . N. V .

la t in i U 0.

BUYERS FOR AM ERICAN M IT .TA,

Ji>hn .L. Bu llard .

STREET,

COTTON COMMISSION MERCHANTS
NEW

COLORADO CENTRAL

Consolidated Mining

Co.,

48 EXC H AN G E P L A C E .

j$teamsfti:ps.
ONLY

GENERAL TRANSATLANTIC CO.
Y O R K and H A V R E .

<n0WJ « • N° * h River, fo o to f Morton St '

dö Jousoeiin..Sat.. A or 3o

10

i&ottou.

Rountree & C o.,
* COMMISSION MERCHANTS,
C O T T O N E X C H A N G E . N E W Y O R K , and
NORFOLK. VA.
C O T T O N , G R A IN . P R O V IS IO N S ,
S ta c k s and P e t r o le u m .
Orders executed in New York, Chicago and Liv­
erpool. A ll grades o f cotton suitable to spinners’
w ante offered on favorable terms.

Geo. Copeland & Co.,
8 T ^ 1,a l Tra1“

fr o m H a w ® to

P a r ts .

B A G G IN G

134 P E A R L 8 T R E E T , N E W Y O R K .

EELLOWES, JOHNSON & TILESTON,

&

W

Ä

L O U IS D E B E B I A N , A g e n t,

No. 8 Qtwling Green.




IR O N

T IE S ,

oontbM

b o

“ cB

tto T

“ J

01

B. F. B A B C O C K & C O .
COMMISSION MERCHANTS,
W a te r

S treet,

L IV E R P O O L ,

Receive consignments o f Cotton and other Produce,
u id execute orders at the Exchanges in Liverpool.
Represented in New York at the office o f
SAM’L D. BABCOCK,
___ __________________ 82 Nassau Street, New York.

Dennis Perkins & C o.,
COTTON BROKERS,
1 2 5 P e a r l Street, N e w Y o r k ,
executed *°r 8pot Cotton and Futures promptly

W alter

&

COTTON

F atman,

BROKERS,

53 B E A V E R S T R E E T . N E W Y O R K ,

F. Hoffmann,
COTTON BROKER AND AGENT,

New &
W least two hour .‘ before

V

AND

(FOR BALING COTTON).
Advances made on Cotton Consignments and Spedal

COTTON BROKERS,

atiuottSW
ew°f«?ï^e
r^a
^ttaau
9n
®
Havre to Pwis. baggage
“ oket*

without e a a n ü n a U o n m f H i S r J Ï to P a x i *

YORK.

ALSO

IT

Direct Line to France.

H en ry h . Wheelbb .

Bullard & W heeler,

P a u l L ic h t e n st e in ,
H . b . Baltze r ,
_
President,
V ice-President,
» Y . Ma r t in s e n ,
W . E. Ma n t i us.
Treasurer.
- secretary.
G. W. Ha l l , Sup’t.

Ë

YORK.

Orders fo r future delivery o f Cotton executed iu
New York and Liverpool : also fo r Grain and P re ­
visions In New York and Chicago.

(HANOVER 80U A R E.)

B e tw e e n N E W

MERCHANTS,

Cotton Exchange Building,

AND P R IN T E R .

Supplies Banks. Bankers, Stook Brokers and CorooStaMonerlth ° ° mpl0ta 0utflt8 o f Account Books and

N o. 1 W I L L I A M

C o.,

S elm a , M o n tg o m e r y a n d N e w Y o r k .

ESTABLISHED 1866.

S T A T IO N E R

Schroeder &

Successors to W A R E A SCHROEDER,

T IE S .

Bliss, F a b y a n & C o .,

B U IL D IN G ,

New York.1

Pure J u te B a g g in g .

COTTON

EXCHANGE

F I D E L I T Y Sc C A S U A L T Y CO.

IMPORTERS OP

IR O N

M b lì C H A N T S ,

N o. 123 PE A R L ST., NEW YORK.

NO . I l l

SULPHUR MINES COMPANY

Gwathmey & Bloss,

OTHER BUSINESS.

The Guarantee Co.

M ER CH ANTS,

Members o f the Cotton, Coffee and Produoe Exoh

THE HAXALL

Cotto#»

C o m p a n ie s .

Bonds of* Suretyship.

T1 W A L L S T ., N E W Y O R K ,

COM M ISSION

ix

THE CHRONICLE

A pril 18, 1C87.J

C O T T O N , S T O C K S , B O N D S , A c .,
28 W ILLIAM SI BEET, NEW YORK.

Order* in “Futures” executed at N.Y. Cotton Bxoh

38 R U E

JOH N

D E LA BOU R SE, H A V R E .

H.

C L IS B Y Sc CO.,

COTTON BUYERS,
M ONTGOM ERY,

ALA.

PUBCHASZ ONLY ON OBDXBS FOB A COMMIgWOJf,

'T B E CHRONICLE.

X

S H is c c llim c o tis .

© O ÎÎ0 ÎI.

C o tto ti.

Walter T. Hatch.
Nath’ l W. T. Hatch.

Woodward & Stillman,
Post Building, Id & 18 Exchange Place

IN M A N , SW A N N & Co

YO RK .

LOANS MADE! ON ACCEPTABLE! SECURITIES.
Special A ttention
tor F u t u r e

to

Orders

D e l iv e r y

tor

ot

H enry P. Hatch.
A rthur M. Hatch.

W . T . Hatch & Sons,

MERCHANTS,

NEW

16. 1887.

fÀ B R tL

COTTON MERCHANTS,

Contracts

Cotton .

N ew

COTTON, A L L GRADES, SUITABLE TO WANTS

Y ork .

BANKERS,
14 NASSAU STREET, NEW YORK.
Branch Offices { ¿ g g
S^N ew H ^e.
Personal attention given at the EXCHANGES to
the purchase and sale o f STOCKS and BONDS for
cash or on margin.
DEPO8IT8 RECEIVED—subject to check at sight
—with interest upon balances.
8pectal attention paid to INVESTMENTS and
accounts o f COUNTRY BANKERS.

OF SPINNERS,
Ottered

on

T erms

to

Su it .

Bethlehem Iron Com p’y

Williams, Black & C o., Hubbard, Price & C o.,
BANKERS AND COMMISSION MERCHANTS,

1 W IL L IA M

Cotton E x c h a n g e , N e w Y o r k ,l

Price, Reid & C o.,

NEW YORK.

STOCKS, P E T R O L E U M ,
ORDERS EXECUTED IN

NEW YOKE, CHICAGO, NEW OR­
LEANS, ST. LOUIS, LIVERPOOL,
u a v r e , & c.

Liberal advances made on Cotton consignments.
Special attention given to the sale o f ootton to ar­
rive or In transit for both foreign and domestie mar­
kets. Orders for Future Contracts executed in New
York and Liverpool.

Geo. H. McFadden& Bro.
OOTTON

MERCHANTS,

P H IL A D E L P H IA .

L B H M A N B R O ’S,

L iverpool Correspondents .

F R F .D K R I O

F actors

Z E R E f iA

Sc CO.

Edward H. Coates & C o .,

No. 40 EXCHANGE PLACE,

Cotton Commission Merchants,

MEMBERS OF THE OOTTON. COFFEE AND

NO. l i é CHESTNUT STREET,

FRODOVE EXUHANUES.
U p-town option . No. ao* Ch u r c h Street ,

P H IL A D E L P H IA .

NO- 49 MAIN STREET,

lu r k .

N ORFOLK, VA.
SPIN N E R S ORDERS SOLICITED.

Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
anu otner produce consigned to us, or to our corres­
pondents in Liverpool: Messrs. L. Rosenheim A
Sons .mu A . Stern A Co.; In London, Messrs. B.
hlewgass A Co.

Henry Hentz & C o.,
COMMISSION

MERCHANTS,

8 S o u t h W i l l i a m S t ., N e w Y o r k .
BXRCUTK ORDERS FOR PU TU BE DELIVERY

C O T T O N
at the NEW YORK. LIVERPOOL AND NEW OR­
LEANS COTTON EACHANOES. Also Orders for

C O F F JE JE

N orth British
& Mercantile Ins. Co.
OF

LO NDO N AMD E D I N B U R G H .
U. S. Branch Statement Jan. 1, 1887.
Invested and Cash Fire Assets...............$3,378,154 40
LIA B IL IT IE S:
Reserve for Unearned Prem ium s....
$1,217,584 80
Reserve for Unpaid Losses................
148,062 96
Net S a r p l u ...................................... 2 ,0 1 3 ,1 0 ( 1 &ti

at the NEW YORK COFFEB EXCHANGE, and

G R A IN

AN1> P R O V ISIO N !*

at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OP TR AD E.
CORRKBPONDENTS:

Messrs. Smith, Edwards & Co., Cotton Brokers,
Liverpool.
jus. Lea MoLean, New Orleans.

(INCORPORATED 1868.)

Delaware Mutual
Safety I nsurance Co.
OF P H IL A D E P H IA .

F IR E

AND

M A R IN E .

C A P IT A L STOCK..................................... $380,000 00
Outstanding Scrip.....................................
716,«80 00
Reset ve to reinsure Outstanding Risks
and all other Liabilities.........................
262,643 20
870,606 09
Surplus over Capital aniLScrip.................
TO T A L ASSETS................................. $1,719,209 29

AND
C O M M ISSIO N M E R C H A N T S ,

N ew

%nsnxxutt.

NORFOLK, VA.

Cotton Brokers & Commission Merchants

L ehm an , Du r r & Co.,
Montgomery, Ala.

C otton

N ew Y ork .

AND

STREBT,

C O TT O N , G R A IN ,
P R O V IS IO N S , C O F F E E ,

L eh m an , stern & Co.,
JNew Orleans, La.

40 and 42 Wall Street,
M a n h a t t a n H u ll d in g ,

$3,378,764 40

Losses paid In U. S. In 20 years ..8 1 7 ,1 6 4 ,0 8 9 77
U. S. B r a n c h O f f ic e , 54 W il l i a m St ., N. Y.
CHAS. E . W HITE, BAM. P. BLAGDEN,
Managers.
JAS. F. DUDLEY, Deputy Manager.

New Y o rk

Office, 7 5

M A R IN E A N D I N L A N D IN S U R A N C E

COMMERCIAL MUTUAL
IN S U R A N C E C O M P A N Y ,
42 W ALL STREET. NEW YORK.
A SSETS!
United States Securities......................... $177,330 00
Bank Stocks o f New York City B anks.... 111,536 00
City and other stocks and Bonds, Loans
and Cash in Banks.................................... 339,403 43
Premium Notes, Cash Premiums, Re-in­
66,220 76
surance and other Claims ......................
Total Assets January 1,1887 .............$693.489 18
W. IRVING COMbS, President.

H b n r y D. K i n g , Sec. W a i n w r i o h t H a k d i b ,V .P .

p ih This Company issues Certificates o f Insurance,
losses payable in LON DON, at its Rankers, Messrs.
B R O W *. SH IPLEY A CO.

Phenix Insurance Co.
OF B R O O K LYN ,
Office, 195 Broadway, New York City.
Statement o f Company 1st Day o f Jan., 1887.
CASH C A P I T A L ........................................... $1,000,00000
Reserve for unearned premiums.......... 3,466,886 97
Reserve fo r unpaid losses.............................
369,19798
Net surplus.....................................................
661,08#to
Cash assets................................................'$5,883.17168

STEPH EN

The Safe Deposit Co. of New York.

B e a v e r S treet,

J . R A Y M O N D S R I T U , A g e n t.

C R O W E L L , P re slU eu l.

WM. R. CROWELL, Vice-President.
P H ILAN D ER 8H A W , Secretary.
GEO. H . F lsK E , Assistant Secretary.
FRANCIS P. BURKE, See’y Local D ep t.

Æ TNA

THE FIRST ESTABLISHED IN THE WORLD.

Insurance C om pa n y

O F F E R S U N E Q U A L L E D S E C U R IT Y .

OF
R E N T S SAFES IN IT S B U R G E A R -P R O O F Y A U E T S .

RECEIVES SILVERWARE ON DEPOSIT.

HARTFORD.

Capital.........................................
Liabilities for unpaid losses
and re-lnsoranoe f u n d . . . . . . .
Net Surplus... . . . . . . . . . . . . . . . . .

$4,000,000 00
2,118,618 19
3,450,221 37

A sse ts J a n . 1 , 1 8 8 7 . . . . $ 9 ,5 6 8 ,8 3 9 56

THE

OFFICES
EVERY

HAVE

BEEN

NEWLY

IMPROVEMENT

AND

FURNISHED

WITH

SECURITY.

N o . 68 W a l l Street, N e w Y o r k .
J A S . A . A L E X A N D E R , A g e n t.

Commercial Unior
14.0, 142 and 146 Broadway.
V H A N O IS M . J E N C K S ,




Provident.

A s s u r a n c e C o ., l i m i t e d ,

G E O R G E H . VOSE,

Secretary.

O F LO N D O N .
O ffice, C or. F in e

<e W illiam

S te., N ew Y ork. J