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HUNT’ S MERCHANTS’ MAGAZINE,'
_3t
KÆPRESENTING , T H E IN D U S T R IA L
VOL 44.
86 TRINITY PLACE,
NEW YORK.
Buslne*. Founded 1795.
laeerporettd under lews of State of N York, 1888.
ew
Reorganized 1879.
E ngravers a n d P rinters of
BONDS, PO STACE A REVENUE S TA 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 0 T E 8 o f the U N IT E D S T A T E S ; and for
Foreign Governments,
ENGRAVING AND PRINTING,
BANK NATES, SHARE CERTIFICATES, BONDS
FOR GOVERNMENTS AND CORPORATIONS,
DRAFTS, CHECKS, BILES OF EXCHANGE,
ST AMPS, Ac., In the finest and most artistic style
FROM STEEL PLATES,
With
A N D C O M M E RC IAL IN TE R E S TS O P
SPECIAL SAFEGUARDS t o PREVENT COUNTERFEITING.
Special papers m anufactured exclusively for
ns© of th e Company.
B A F E T Y C O LO R S.
S A FETY PAPERS.
Work Ezeented In Fireproof Buildings.
LITHOGRAPHIC ANO TYPE PRINTING.
RAILWAY TICKETS OF IMPROVED STYLES.
Show Cards, Labels, Calendars.
BLANK BOOKS O F EVERY DESCRIPTION
JAMES MACD0N0UGH, President
A. D. SHEPARD,
1
W. M. SM ILLIE,
> Vice-Presidents.
T0UR0 ROBERTSON, J
THEO. H. FREELAND, Sdc’y and Treat.
Maverick National Bank
BO STON ,
M ASS.
C A P IT A L ,
$ 4 0 0 ,0 0 0
$ 4 0 0 ,0 0 0
SU R PLU S,
I fit t a t t jc i& l.
F. E. Trowbridge,
DIAMONDS.
Alfred H. Smith & Co.,
IM P O R T E R S,
182 Broadway, Cor. J o in Street.
SOLID SILVER.
GORHAM M Tg Co.
Broadway and Nineteenth Street,
AND 9 MAIDEN LANE.
Floyd-Jones & Robison,
B A N 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 .
dtooks. Bonds and U. 8. Government Securities
Bought and Sold on Commission.
«VM. C. F l o t d -jo n b s ,
W il l ia m R obison
Members New York Stock Exchange.
J. A. Kohn & Co.,
William T. Meredith,
A SA P . P O T T E R , P re s id e n t.
JO S. W , W O R K , C a s h ie r .
W. P. Wight & Co.,
72 Broadway,
brokers.
Ä
S
STOCK B R O K E R .
irw
tansc^ e Poardman,
Y O R K . fcOBROADWAY & 5 NEW ST.
T R O Y , N .Y ., No. 17 FIRST STREET,
wak Exeh. membership ; private wire; all facilities.
Alexander Campbell & Co.,
BANKERS a n d b r o k e r s ,
17 NASSAU S T R E E T , N E W
YORK.
(B r a n c h
o f f ic e ,
290 B r o a d w a y .)
Member of the New York Stock Exchange. Di
rector of Merchants’ Exohange National Wm*
American Savings Bank, American Safe Deposit
Company, &c., Ac.
Securities bought and sold on commission, for
cash or on margin. All inquiries gratuitously res*
ponded to. Correspondence solicited.
J a m e s W h it ELT,
H . crugeh o a k l e t .
Ma y n a r d c . E y r e ,
H e n r y H . Dodg e , Washington, D. 0.
WM. R. T r a v e r s , Special Partner.
Prince & Whitely,
N o. 6 4 B R O A D W A Y , N E W
branch
OFFICES j
YORK.
S t^ S U l Æ g ^ m b . 0
Buy and sell on commission all olasses of m » « » *
Securities; also Grain and Provisions.
Private Telegraph wires to Philadelphia, Wllming.
ton, Baltimore, Washington, Bridgeport, New Haven.
Boston and Pittsburg.
Cahoone & Wescott,
1 8 W a l l S treet, N e w Y o r k ,
Execute Orders In all Securities Listed on
NEW YORK STOCK EXOHANGE.
Special Attention given to
aovernment & other iRvestmeRt Bonds
R. J. Kimball & Co.,
[Established In 1865.]
BANKERS AND BROKERS,
1 6 A 1 8 B r o a d S treet, N e w Y o r k ,
Members of the New York Stock Exchange and of
the Philadelphia Stock Exohange.
R o b e r t J. K im b a l l .
A lfred b . Lo u n sbsrry.
C. J. Turner,
(16 Years’ Membership in the N.Y. Stock Exohange.)
B A N K E R AND B R O K E R ,
16 A 18 BROAD ST., NEW YORK.
Transacts a general Banking business. Including the
purchase and sale of stocks and bonds for cash or on
margin.
Frederick W . Perry,
(Successor to J. H. LATH AM & Co.)
UNITED BANK BUILDING,
N o. 2 W A L L S T R E E T , N E W Y O R K .
M alc olm Ca m p b e l l , Member o f N. Y. stock
0US 8eCUrltIeSb0Ught
^ ¿ h .N .Y I& E x c h .
BANKER AND BROKER,
N o *. 3 A S B r o a d o r 2 9 W a l l S treet*.
Correspondence Solicited
Accounts o f Banks, Bankers and Corporations
B A N K E R S AND B R O K E R S ,
solicited.
(Mills B uilding ), 1 9 B R O A D S T ., N . Y .
Our faculties for COLLECTIONS are excellent
Members o f the New York Stock Exchange.
end we rediscount for banks when balances war
Execute orders on commission for B on d s, S tock s
rant it.
and F o re ig n E xch an ge.
Boston is a reserve city, and balances with us from D e a le rs in first-cla ss Investm ent S ecu rities.
banks (not located In other reserve cities) count as a
attention given to investments for Cap
reserve.
italists, Trust Funds and Institutions.
We draw our own exchange on London and the
continent, and make Cable transfers and place
money by telegraph throughout the United States
end Canada.
48 W A L L S T R E E T ,
i „Q® mnent Bonds bought and sold, and excha
TeT
in Washington made for banks without extra chi
(Bank of New York Building).
a«!!6 i ? ve a marketfor prime first-class Investz
Bonds and Stocks bought and sold at the New
,, unties, and nvite proposals from States, C
York Stock Exchange.
ties and Cities, when issuing bonds.
BONDS AND INVESTMENT SECURITIES FOR
0 a General banking business, and Invite
SALE
respondence.
w 8TOCK
T H E ? U N ITED S T A T E S
N O . 1,136
ìfittatuctitl.
„AM ERICAN
Bank Note Company,'
TO
§U W ÿJ>#p**,
N E W YORK, A P R IL 2, 1887.
ffitratijcial.
78
$ P * «fc lg
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.)
co!?ni?
Banks, Bankers and others received
interest allowed on balances. A strictly Commtssioi
Business in the purchase and sale of stocks and bondi
o£ÜT,ai e T?J«fraph Wire to Albany,Troy, Syracust
Rochester, Utica, Buffalo, Cleveland and ChlcagoT
2R cti / BaPk of. London in amounts to suit
Special attention given to Securities for investment
City, County, state, Railroad, District of Colum
bia Bonds and Foreign Exchange.
James D. Simons,
(Formerly SIMONS & CHEW )
B A N K E R A BROK ER ,
2 E x ch an ge C ou rt A 5 2 B r o a d w a y , K , Y .
All Securities dealt In at N. Y. Stock Exohange
bought and sold for Cash or on Margin Speolal atten
tion given investments. Correspondence solicited.
Member N. V. Stock Excnange.
Member N. Y. Produce Exchange.
[V ol.
THE CHRONICLE.
U
jB a t it o c a
a M
g r a u r je r g
o f
XLTV.
jp e t fr a n g r .
THE
Drexd, Morgan & Co., Kidder, Peabody & Co., I N V E S T M E N T CO.
FOREIGN BANKERS,
W ALL 8ÏK E E T , CORNER OF BROAD.
of Philadelphia.
NEW YOKE.
1 Naseau Street, New York,
Drexcl & Co.,
Drexel.Harjes & Co
Cor.lot 6th ft Chestnut Sts. 81 Boulevard Haussmann,
P A R IS .
P H IL A D E L P H IA
D 0M E S 110 A N D FOREIGN BANKERS.
Deposit« received subject to Draft. Securities
b 'Ugnt and sold on commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
O a W Transfer*
Circular Letters for Travelers,
available In all parts of the world.
A ttorneys and A gents 0»
M e s s r s . J . S . M O R G A N & C O ..
No. 22 OLD BROAD STREET, LONDON.
118 Devonshire Street, Boston.
ATTORNEYS AND AGENTS OF
Messrs. BARING BROS. & CO., London
C O M M E R C IA L
C R E D IT S .
C ir c u la r C red its f o r T r a v e le r s .
Cable T ransfers and B ills or E xchange on
G r eat B ritain and th e Continent .
August Belmont & Co.,
BAN KERS,
N o . 1 2 P in e Street,
B oston , ISSUE TRAVELERS’ CREDITS, available In all
N ow Y o r k ,
P h ila d e lp h ia ,
parts of the World, through
AND
M essrs. N. M . R oth schild f t Sons, L ondon.
A L E X A N D E R B R O W N 4c SONS,
“
do R o th sch ild B r os., P a ris.
BALTIMORE.
•»
M . A . do R oth sch ild 4c Sons, F ra n k
fo r t o \ m .
Members o f New York, Philadelphia and Baltimore
S . M . do R oth sch ild , Esq., V ienn a.
Stock Exchanges.
Execute orders for all Investment securities. Buy
AND THEIR CORRESPONDENTS.
and sell Bills o f Exchange on Great Britain and
Draw Bills of Exchange on, and make Cable Trans
Ireland, France. Germany, Belgium, Holland,
fers to. England, France and Germany.
Switzerland, Norway, Denmark, Sweden,
Australia, St. Thomas, St. Croix and
British West Indies.
I n n s C o m m e r c ia l 4c T r a v e le r s ’ C red its
BAN KERS,
IN STERLING,
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 dollars for
N ew Y o r k .
use In this country, Canada, Mexico and West Indies.
Make telegraphic transfers of money between this
oountry, Europe and British and Danish West In- Issue Letters of Credit for Travelers
dies. Make collections of drafts drawn abroad on all
On SELIGMAN BROTHERS, London.
points In the United States and Canada, and of
__
SELIGMAN FREHES & CIE, Paris.
SELIGMAN ft BTKTTHEIMER, Frankfurt.
drafts drawn In the United States on foreign counALSBERG, GOLDBERG ft CO., Amsterdam.
trlTh’eir London house, Messrs, BROWN, SHIPLEY
ALTMAN ft 8TETTHEIMER, Berlin,
ft CO., receive accounts o f American banks, firms
and individuals upon favorable terms.________ ____ Payable In any part of Europe, Asia, Africa, Aus
tralia and America.
.
^
.
Draw Bills of Exchange and make Telegraphlo
Transfers of Money on Europe and California.
Brown Brothers & Co.,
J. & W . Seligman & Co.
J. & J. Stuart & Co.,
J
8 3 N ASSAU
STREET.
BILLS OF EXCHANGE ON
S M IT H ,
P A Y N E 4c S M I T H ’ S ,
BANKERS, LONDON,
M A N C H E S T E R 4c C O U N T Y B A N K ,
“ LIMITED,”
MANCHESTER, PAYABLE IN LONDON;
U L S T E R B A N K IN G C O M P A N Y ,
BELFAST. IBELAND;
J. K e n n e d y T od .
H . O. NORTHCOTS.
ALE XA N D E R BARING.
Member N. Y. Stock Exch’ge
J. Kennedy Tod & Co.,
310
CHESTNUT
STREET.
C ap ita l, 8 2 ,0 6 0 ,0 0 0
F u ll paid.
Bnys and sells Bills of Exchange, drawing on
Baring Bros. & Co., London, also on Paris and
Berlin.
Acts as Financial Agent in the negotiating and
marketing of Securities. Deals in Bonds—Corpora
tion, Railroad, State, Municipal, &c. Executes orders
on commission in Bonds, Stocks, &c. Collects Interest
and dividends. Receives money on deposit, allow
ing interest. As desirable Investments offer, will
Issue its Debenture Ronds, secured by its capital and
assets.
_■ ■ ■
■■
WILLIAM BROCKIE, President.
WHARTON BARKER, Vice-President.
HENRY M. HOYT, Jr ., Treasurer.
ETHELBERT WATTS, Secretary.
Board of Directors—
William Brockie, George 8.
Pepper, Morton McMichael, Wharton Barker, Henry
C. Gibson, T. Wistar Brown, William Potter.
Advisory Committee of Stockholders.—George M.
Troutman, Gustavus English, Isaac H. Clothier,
William Pepper, M.D., Thomas Dolan, John G,
Reading, Joseph E. Gillingham, John Wanamaker,
HenryE. Smith, Charles B. Wright, Henry Lewis,
Cralge Llppincott,Hamilton Disston, Clayton French,
Francis Rawle.
THE NEW YORK
Produce Exchange Bank.
C A P I T 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 o f 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 l ie C ity
B a n k , L im ite d , L o n d o n .
C ir cu la r L etters o f C red it issu ed fo r
tr a v e le r s ’ u se an d C om m ercia l C redits
opened In E urope, A s i a , S o o th A m erica
and the W e st In d ies.
Heidelbach,
Ickelheimer & Co.,
29 W IL L IA M S T R E E T ,
No. 68 W ILLIAM STREET,
Cor. Exchange Place,
NEW YORK.
BAN KERS.
Act as Agents for Banks, Bankers and Railroad
F O R E IG N B A N K E R S.
Companies.
Issue commercial credits, also foreign and domestic
BUY AND DRAW BILLS OF EXCHANGE,
travelers’ letters of credit in pounds sterling & dollars
MAKE CABLE TRANSFERS, ISSUE TRAVEL
O ff e r I n v e s t m e n t S e c u r it ie s .
ERS’ CREDITS.
Buy and sell bonds, stocks and securities In all Am
ISSUE COMMERCIAL CREDITS, AVAILABLE
erican, Canadian, British and Dutch markets on com
AND ON THE
N A T I O N A L B A N K O F S C O T L A N D , mission. Collect dividends, ooupons and foreign and IN ALL PARTS OF THE WORLD, ON
Inland Drafts.
_
. _ .
EDINBURGH AND BRANCHES;
Sell Bills of Exchange on
Messrs. C. J. Hambro A Son. London.
ALSO,
CABLE TRANSFERS AND LETTERS OF CREDIT.
S
* <<• ¡P A M *
>>•
J oh n M unroe
& Co.,
N o , 8 2 N a s s a u S treet, N e w Y o r k .
John Paton & Co.,
gaulajers and grnlue*s.
J. C. Walcott & Co.,
N o . 4 P o s t Office S q u a re , B o s t o n .
J
SUCCESSORS TO
J
BANKERS AND BROKERS,
i f«im Circular Letters o f Credit for Travelers’ Use
J E S U P , P A T O N & CO .,
N o . 2 4 P in e S treet, N e w Y o r k .
Abroad against Cash or Satisfactory
Guaranty o f Re-payment.
6 2 W i l l i a m S treet, N e w Y o r k .
Transact a General Banking Business.
E x c h a n g e o n L o n d o n , P a r is , B e r lin
Acoonnts and Agency of Banks, Corporations
Stocks and Bonds bought and sold on Commission.
firms and Individuals received upon favorable terms
a n d Z u r ic h .
Orders received In Mining Stocks, and in Unlisted
Dividends and interest collected and remitted.
Crédits Opened and Payments m ade b y cable .
Act as agents for corporations in paying coupons Securities. CoUections made and loans negotiated.
and dividends; also as transfer agents.
Dividends and interest collected.
P ftris H o u s e —M U N R O E ft CO.
Bonds, stocks and securities Bought and sold on
Deposits received subject to Draft.
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and Interest allowed. Investment securities a specialty.
sold.
W e Issue a Financial Report weekly.
DRAW ON
BAN KERS.
THE UNION BANK OF LONDON,
Jos. 0 , W a l c o t t ,
1 Members of the New York
29 W IL L IA M ST R E E T , N E W Y O R K
Fr a n k F. D ic k in so n , 1
Stock Exchange.
BRITISH LINEN CO. BANK, LONDON AND
CORRESPONDENTS OP THE
__________
SCOTLAND.
in t e r n a t io n a l B a n k o f L o n d o n
G eo . Co p p e l l .
I
t h o s . M a it l a n d .
( L im it e d ), L o n d o n .
G e r a l d L. H o y t , Member.N. Y. Stock Exch.
M e s s r s . J o h n K e re n b e rg , G o ssle r 4c C o ,
1 6 4c 1 8 B R O A D S T .,
H am bu rg.
BROKER IN ALL KINDS OF INVESTMENT
M e s s r s . M a r c u a r d , K r a u s s 4c C o ., P a r is
BONDS, MISCELLANEOUS SECURITIES
Commercial and Travelers’ Credits.
B A N K E R S
BUIS of Exchange.
Cable Transfers.
AND DEFAULTED BONDS.
AND
______ CORRESPONDENCE SOLICITED_______
C O M M I S S I O N M E R C H A N T S L. C. L a t h r o p . Osc a r B. Sm it h . J. H.O l ip h a n i ,
B A N K E R S AND B R O K E R S,
2 2 A 2 4 E x c h a n g e P la c e ,
Members o f the New York Stock Exchange.
N e w Y ork .
D e a l e r s in F o r e ig n Ex c h a n g e , Gover n m en t
BANKERS AND BROKERS,
a n d o t h e r In v estm en t R onds .
BILLS OF EXCHANGE, LETTERS OF CREDIT,
STERLING LOANS A SPECIALTY.
TELEGRAPHIC TRANSFERS OF MONEY ON 3V B R O A D S T „ N E W Y O R K ,
4 4 W a l l S t. a n d 6 2 G reen e S t. N . Y .
6 P A C IF IC A V K ., CH IC A G O .
Buy and sell on commission, for Investment or on
LONDON, PARIS, MEXICO, CUBA, &C., &C.
margin, all securities dealt In at the New York Stock
Members New York Stock Exchange, New York
Bxcnange.
Cotton Exchange, and Board of Trade Chicago.
KOUNTZE B R O TH ER S,
BANKERS,
C a n a d ia n B a n k o f C om m erce.
120 B r o a d w a y , Equitable Building, New Y ork
CAPITAL, ft},000,000.
SURPLUS, f 1,600,000.
L E T T E R S OP C R E D IT A N D
J. H. GOADBY & ALEX. LAIBD,
C IR C U L A R NO TES
AGENTS,
Issued for the use of travelers in all parts of the
tew art
row n s
ons
drawn on the
1 6 E X C H A N G E P L A C E , N E W Y O R K world. Billstransfers made Union Bank of London.
Telegraphic
to London and to various
BUY AND SELL STERLING EXCHANGE, CABLE places in the United States. Deposits received sub
STO CK B R O K E R S ,
TRANSFERS, ETC.
ject to check at sight, and interest allowed on bal
ISSUES COMMERCIAL CREDITS, AVAILABLE ances. Government and other bonds and invdtaGLfQ! 64 B r o a d w a y & 19 N ew St., N ew Y o r k .
securities bought and sold on ommissioiu
IN ALL PARTS OF THE WORLD.
Schulz & Ruckgaber,
A l b e r t Pearce,
Maitland, Phelps & Co..
Unger, Smithers & Co.,
Lathrop, Smith & Oliphant,
S
B
’
S
,
THE CHKONICLB.
A pril 2, 186?.
iii
Sayfetyg attfl Hrpiters in 2?ctu "gorlt <&tt%
H. L. Horton & Co.,
M
T. M. Lockwood,
Taintor & Holt,
a i d 0 0 B R O A D W A Y , M ew Y o r k .
BA RTHOLOMEW HOUSE, i x A\ir\nit
.BARTHOLOMEW LANE, { LONDON.
J . H er on Crobm ak
Lockwood 8c Crosman,
BANKERS,
N o . 11 W a l l S t ., C o r. N e w , N e w Y ork.
b a n k e r s a n d b r o k e r s ,
Special A tten tion (ilr e n to A m e rle a n
TRANSACT a GENERAL BANKING business.
Securities«.
N o . 3 1 N e w Street a n d N o . 1 P T r h t n n
DEPOSIT8 received and INTEREST allowed on
(elicit Accounts and Orders for the Purchase and balances.
C o u r t, N e w Y o r k .
gale of Bonds, Shares, Ac., Ac., on Commission, in
Buy and sell GOVERNMENT, MUNICIPAL and
New fork, Boston, Chicago, London or Paris,
RAILROAD Securities.
Private telegraph wires to Chloago, Boston, Phila
Interest allowed on deposits subject to drafts at
Private telegraph wires to Providence and Boston. delphia and Baltimore.
sight.
GEO. H. HOLT.
Members o f the New York and Boston Stock Ex GILES B. TAINTOR. L’HUILIBR.
We solicit orders for the purchase or sale of any e f
G. D.
changes and of the New York and Chicago Produce
the securities o f the
Exchangee.
Private wires to Chicago, St. Paul, Boston, Hast
P h ila d e lp h ia de R e a d in g R R , C o .
toed, Buffalo and Utica.
BANKERS,
on the Philadelphia or New York Stock Exchanges.
No. 6 3 C E D A R S T R E E T .
Gilman, Son & Co.,
H. B. Hollins & Co.,
In addition to a General Banking Business, Buy
and Sell Government Bonds and Investment Securi
ties.
BANKERS,
18 W A L L a n d 3 N A S S A U S T R E E T S ,
NEW YO K E .
T ransact a G en era l B an k in g B usiness,
w - â Æ “ . T à o a f a o i u Ä ™ R A“ JK0DEALERS IN GOVERNMENT, MUNICIPAL AND
RAILROAD SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED
AND
B R O K ER S,
INTEREST ALLOWED ON DAILY BALANCES B A N K E R S
------------ I
N o . 3 0 P in e Street, N e w Y o r k .
Dickinson & Ailing,
E. L. Oppenheim 8 Co., I §gSck atds*ihtd allow ‘»terest on deposits, subject to
c
1 r
J
IZSTABLISHKD 1802],
BANKERS AND BROKERS,
¿1 k 53 New Street and 42 Broadway.
BANKERS AND BROKERS,
NO. 1 0 W A L L S T ., N E W Y O R K .
Walter Del Mar. [ Exchanges?* Stocks and Bonds executed at all
Especial attention given to supplying high-class
in v e s t m e n t s e c u r it ie s .
Paul Schwarz.
A M. Roberts.
Roberts 8c Schwarz,
f i r s t -c l a s s
in v e s t m e n t s
.
andsell on Commission, for cash or on '> ami Sha^e? 68 dealt ln at “ »• New York à oklL -*
Interestallowed on daily balances.
All deposits subject to check at sightParticular attention to orders by mail or telesrram.
F.O.HeiXlNS. E.H. BMBRaoN, I.H.W aooo Nbh
BANKERS AND
BROKERS,
*
Members N. Y. Stock Exohange.
H
W A L L S T R E E T , NEW Y O R K »
AND
2 4 6 . C L A R K S T R E E T . C H IC A G O , I L L .
A. Dutenhofer,
( B I L L S B U I L D I N G ,)
IN V E S T M E N T
1 6 dc 18 B r o a d S tree t, N e w Y o r k .
1 21 S o u th T h ir d S tree t, P h ila d e lp h ia »
Connected by Private Wire with mala office. Ne*
York.
DEALERS IN
IJohn H. Davis 8c Co., Frank C. Hollins & Co.,
B r a n c h Office , 01 L e o n a r d St r e e t .
Edward L. Oppenheim.
Geo. K. Sistares Sons,
BROKER
S E C U R IT IE S .
’ 41
We make a specialty of the buying, selling and
placing o f first mortgage bonds o f railroads, water:
works, gas works and other first-class corporations.
We solicit correspondence.
AND♦
Dealer in Miscellaneous Securities,
MILLS BUILDING (3d Floor,)
«
Boom« 20 k 20.
B A N K E R S ,
35 W A LL STREBT.
a J J A I'S .A F 0 CITY BONDS OF GEORGIA AT RO
W A L L
S T R E E T ,
SECURITIES OF THE CENTRAL Rtt
1NG CO. OF GEORGIA,A SPECIALTY*
N ew Y o rk .
_ investors wishing to buy or sell are invited to m»n
Transact a General Banking Business, including to a Iorders.d* Prompt and P»»»onalattention given
?|
j the purchase and saleI of 8TOCK8 and BONDS for
cash or on margin
BANKER & BROKER,
B u y a n d Sell I n v e s tm e n t S ecu rities
N o . 3 0 B R O A D S T ., N E W Y O R K .
I A. M. K idder . W ayland Tr a sk , h . j . Mo rsa
BANKEk AND BROKER.
e? pertence in Railroad Bonds. Par- 1
W. 0. HILL.
N o . 1 4 W a l l S treet, N e w Y o r k C ity .
S O U T H E R N S E C U R IT IE S
« l Ä Ä r ä Ä ' r 1
” o n .« « » . l 3 o o d * f *
A SPECIALTY.
¿State, Municipal and Railway Ronds and Conner «
bought and sold at best market rates. Investors L?
i t w l t t « “ 1 t0 bny or8eU are invited to Jornmun»
'
Member nv rim New York Stpe * WTonange,
JNO. P. Townsend, Special Partner.
N o .
18
Fred. H. Smith,
John B. Manning,
.Eg;
iV lc iie fia «
& C o »*
Townsend & Washburn,
Wood, Huestis 8c Co.,
b a n k e r s ,
5S B r o a d w a y , c o r. E xchange P la c e , N. Y .
31 PENE STREET, NEW YORK,
BANKERS AND BROKERS,
* B rano!» Office, 3 4 1 La S a lle S t., C h icago.
B A N K E R S AND
BROKERS.
TRANSACT A GENERAS BANKING BUSINESS,
N o . 6 W a l l Street, N e w Y o r k
SUCCESSORS TO
AND SALE OF
K TriN? B ° ™ ^ 0 f t CA8H OR ON MAR^ 5 h ^ £ £ g 1 UKhtand Sold o n Commission ^ S C u8
£
W O O D «fc D A V IS .
SÌ i
8ELL INVESTMENT 8ECURITI®8-_4NTBRE8T ■
ALLOWEDi.ON DEPOSITS
&n
Ä
a8 ? 6**
«
SUBJECT TO CHECK AT SIGHT,
Fthst-Olass 2 A.iT.RQin VTB.T Mowtoaqh Bonds .
----------------- Correspondence Solicited. °
' 4 „
P . 0 . Box 4477
D. A. BOODT.
C. W. McLXLLAJT.
________Rzttbbn Lbland .
GEO^GE_^WCK)D.' C. H. H U E 8 T 1 L M?SWAM.
U h l a n Cl a r k , Special Partner,
Chrystie 8c Janney,
bankers,
Wog. 2 3 de 2 5 N a s s a u S t ., N e w Y o r k
9 M
V
BANKERS,
check at * * and U N I T E D B A N K B U I L D I N G ,
W a l l S treet, co rn e r B r o a d w a y .
elpa?ö^um!UROad B° nd8’ State*County and Muni- STOCKS, BONDS < COMMERCIAL P A P E R
6
Give special attent
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 la at the New York
Stock Exchange bought and sold on commission, for
cash or on.margin. Deposits received and Interest
allowed on balances.
WM. V. Carolin ,
Ch a r i e« p r nT
Member N.Y. Stock Exchange.
ARLEB F- Cox-
Douglas & Jones,
Carolin & Cox,
7 2 B road w ay.
1 3 N ow S tr e e t.
(Members of the N. T. Stock Exchange.)
Buy and sell Stocks and Bonds for cash or on mar-
Walston H. Brown & Bros
B a n k e rs an d Com m ission S to ck B r o k e rs ,
BAN K ERS.
No. 55 BROADWAY.
foUclted.er^ t aU° Wed ° n clepoaUB- Conespondenoe
»Wb Litera“? a ^ r ^ rasecuiiH«,IRdivi^uaJs reeeived
Commission.
becunties-Bought and Sold on
u ^ e c t ^ -Ä Ä !U N
teÄ
JOHN F. DOUGLAS,
Of the late firm of Lawson. Douglas & 06
NO. 2 0 N A S S A U S T R E E T .
„ . w a r W1HLARD H. JONES,
sold on commission, fur cash or upon marg?i.
d t
----------- NEW YORK.
jjate o f W.S.La^don & Co., Member N. Y Stock Exch.
Ä
f a
W : H. Goadby & Co I Simon Bor§ & Co-»
D iB r r r - .
.
I
r
BANKERS AND BROKERS^
N o * 21 B R O A D
S T R E E T ,
New Y e i k ,
*>
?°*
17
NASSAU
S T .,
NEW
YORK
DEALERS IN ALL KINDS OF
Railroad and Investment Securities.
South ern Securities a Sp e c ia lt y .
J. L. Robertson,
BOND AND STOCK B R O K E R ,
Dealer in Investment Securities,
No. 7 NASSAU fcTREET,
(Continental National Bank Building,)
N ew Y o ik .
iv
THB CHRONICLE.
[ Y ol.
XL1Y
faults, f ¡miters and frollers »at of gear Herb.
BANK S.
B A L T IM O R E .
SOUTHERN.
Sh e r m a n SJ e w e t t ,-Pres-. J o b ia h J e w e t t ,V.Pres.
W il l ia m C. Co r n w e l l . Cashier.
Wilson, Colston & Co.,
A. L. Hartridge,
Bank of Buffalo,
- ------
BANKERS AND BROKERS,
(Members of Baltimore Stock Exchange),
C A P IT A L ,
$ 8 0 0 ,0 0 0
B A L T IM O R E .
(INVESTMENT and SOUTHERN SECURITIES a
BUFFALO, N. Y .
This bank has superior facilities for making collec specialty.)
Correspondence solicited and information fur
tions on all accessible points In the United States,
Canada and Europe. Liberal terms extended to ac nished. Correspondents—
N. Y.
McKlm Brothers Co.
counts of bankers and merchants.
Co r r e sp o n d e n t s . New York, National Shoe
Leather Bank Union Bank o f London.
;
—
j.8. A
, Pres. A. A. A
, Cash’r.
Texas National Bank,
lexander
lexander
SAN A N T O N IO , T E X A S .
COLLECTIONS AND INVESTMENTS MADE.
Correspondence Invited.
W . T. B l a c k w e l l , PresA.
Robert Garrett & Sons,
N o.
BANKERS,
7 80UTH STREET,
B A L T IM O R E ,
T H O M A S B R A N C H & CO.,
BANKEB8 AND COMMISSION MERCHANTS
R IC H M O N D , V IR G IN IA .
Circulars and Information on funding the debts o f
Virginia and North Carolina free of cost; one-eighth
per cent charged for funding. Southern Railroad
and State and City Bonds bought and sold.
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
Ifarm gJ
fcjart^agjcs.
N E W ENGLAND.
EQUITABLE
Mortgage Company*
P. A . W i l e y , Cashier.
The Bank of Durham,
DURHAM ,
&
&
S A V A N N A H , G A .,
S E C U R IT Y
BROKER.
Bars and sells on commission all classes of Stocks
and Bonds.
Negotiates loans on marketable securities.
New York Quotations furnished by private ticker
every fifteen minutes
N . C .,
Fay Special Attention to Collections.
J o sh u a W il b o u b ,
Ch a r l e s H . Sh e l d o n , J r
Be n ja m in A . J a c k s o n , W il l ia m B in n k y , j r .
FIRST-CLASS FACILITIES.
New York Correspondents.—The National Park Bank
and Seventh Ward National Bank.
Wilbour, Jackson & Co.,
H. Gard es ,
e . p . Hil l
R. a . G ir a u d ,
President.
Yice-Pres’t.
Cashier.
Commercial National Bank,
HOUSTON, T E X A S.
Capital ......................
9 2 0 0 ,0 0 0
P R O V ID E N C E , R . I.
}
Brewster, Cobb
German National Bank,
& Estabrook,
L IT T L E R O C K , A R K A N SA S.
hankers.
C a p ita l ( P a i d I n ) - - - - - $ 2 0 0 ,0 0 0
N o . 85 C O N G R E SS S T R E E T .
Prompt attention given to all business in our line.
N. Y. C
. - Importers’ &
Traders’
BO STO N .
National Bank and National Bank of the Republic.
MEMBERS OF TH E NEW Y O R K AND
BBB
. .
, Pres’t. A . K. W
, Cashier.
BOSTON STOCK EXCHANGES.
First National Bank,
1
3. G. Fletcher, 1 STATE BANK,
C. T. Walker,
President, l Incorporated 1875. J Cashier.
o r r e sp o n d e n t s
alker
ALSO,
W IL M IN G T O N , N. C.
Collections made on all parts o f the United States.
MERCHANTS’ NATIONAL
Dealera in M u n ic ip a l,, S ta te , R a ilr o a d
a n d U n ite d States B o n d s .
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. Scott , Vlce-Pres’t
PEN N S Y L V A N IA .
E. W . Clark & Co.,
BANKERS AND BROKERS,
N o . 8 5 Sou ill T h ir d S t., P h ila d e lp h ia .
Railroad, Municipal and other desirable invest
ment Securities for sale.
Transact a general banking business. Allow inter
est on deposits.
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
Narr & Gerlach,
B A N K E R S AN D 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 of Exchange and Letters of
Credit.
*
W ESTERN.
Chas. H. Potter & Co.,
Investm ent B an kers, C leveland, O hio.
S
:Town County and City Bonds ¡Lake
Superior Iron Mining Stocks, “ Republic,” “ Cham
p e c ia l t ie s
pion,” "Cleveland” and “ Jackson.” St r e e t R a i l
w a y s —Denver City Street Hallway Co., of Denver,
Col.; Street Railway Co., of Grand Rapids, Miohj
Metropolitan Street Railway, of Toledo, Ohio,
ESTABLISHED 1871.
P. F. Keleher & Co.,
317
O L IV E
STREET,
S T . L O U IS .
Dealers in Western Securities and Local Bonds.
Stocks and prime Commercial Paper.
N. W . Harris &
Co.,
C H IC A G O an d BOSTON.
o n l i n e o f Counties, Cities, Ac., of high grade a
0 1M UO specialty. Send fo r D escrip tiv e Lleta.
M
SOUTHERN.
Rea Bros. & Co.,
BANKERS AND BROKERS,
ATLANTA.
AND DEALERS IN FOREIGN EXCHANGE,
Humphreys Castleman,
4 9 5 W o o d Street, P ittsburg, P a . BROKER AND DEALER IN ALL KINDS OF
TMEMBERS
New Fork and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stook and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
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.
.
„
References Atlanta National Bank, Atlanta, Ga.,
and F'ourth National Bank, New York.
P I T T S B U R G , PA.
ESTABLISHED 1871.
C. W . Branch & Co.,
Whitney & Stephenson,
BANKERS AND BROKERS,
No. 57 F O U R T H A V E N U E .
Oldest Pittsburg members N. Y.Stook Exchange.
:
BANKERS AND BROKERS,
St a t e
bank
Bu il d in g ,
$ 6 0 0 ,0 0 0 .
AND
GUARANTEED FARM MORTGAGES.
Dealers in Commercial Paper, Government and
other first-class Bonds and Securities and Foreign
Exchange.
Private Telegraph Wire to New York and Boston.
Collections receive onr special attention and are
promptly remitted for.
dh rd ss
C A P IT A L
D E B E N T U R E S
BANKERS AND BROKERS,
N o. 52 W E Y B O S S E T S T R E E T ,
O F F IC E S i
REFERENCES i
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, 7th& Del.Sts. Am. Nat. Bk.,Kansas City
F o r ratea o f In terest an d fu ll In form a tion
send fo r pam ph let.
Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts of mort
gages, in te re st 6 p er cen t to
7 p er cent, principal and inter
est absolutely guaranteed. Se
curities for guaranty held by the
American Loan & Trust Com
MINNEAPOLIS. pany, of Boston, Mass.
Send for circulars to
Paid-Up Capital,
N E H E R A CA » P E N T E R ,
>
9 2 0 0 ,0 0 0 .
B a n k e rs , T ro y , N. Y .
Authoris’d Capital
Eastern Managers for Company
9 2 ,0 0 0 .0 0 0 .
NORTH
WESTERN
GUARANTY
LOAN CO.,
Eight
L O A N CO. o f ors. Noper cent net to invest
losses. Interest col
free of charge to lender.
A L A B A M A , lectedmortgage on improved
First
finest agri
Selm a, A la . farm property in in Alabama,
cultural districts
worth
Legislative author loan. three times amount of
ity to negotiate loans. Sole Alabama correspond
ents of several European farm
R. M. NELSON, loan companies.
Individuals or Trustees de
President.
siring to make safe loans,
W. R. NELSON, address the company for par
V.-P. & Gen.Man’ger. ticulars and references.
Farm Mortgages
In Sums o f $100 and Upwards on In*
diana and Ohio Lands.
NOTHING SAFER. ALWAYS PROMPTLY PAID
SEND FOR PAMPHLET.
JT09. A . M O O R E ,
8 4 E a s t M a r k e t S t., I n d i a n a p o lis ,ln d »
6%
7%
T h e A m erica n Investm ent Com pany, of Em
metsburg, Iowa, with a paid-up capita) o f 9 6 0 0 «0 0 0 , su rp lu s 8 7 5 ,0 0 0 , offers first Mortgage
Loans drawing seven per cent, both P rin cip a l and
Interest fu liy G u aran teed. Also 0 per cent 10year Debenture Bonds,seoured by 105 per cent of firet
Mortgage loans held in trust by the M ercan tile
T ru st C o., N. Y . Five per cent certificates of
deposit for periods under one year. Write for full
information and references to the company at 1 5 0
N“ ” a “ "'• • ’ ■ ''■ a . l . o r m s b v ,
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. Perkins, Pres’t.
L. H. Perkins', Sec.
P aid Up C a p ita l,
8 2 5 0 ,0 0 0
The choicest First Mortgage Farm Loans, also the
Company’s Ten Tear Debentures, based upon its
aid up capital and assets of over $050,000. No losses.
Seven years’ experience, with absolute satisfaction,
to over 1,500 investors. Send for circulars, forms and
full information, Branch offices in N. Y. City and
Albany. New York Office 187 Broadway.
C. C. HINE A SON, Agents.
S
Im p ortan t N o tice.
fO wqLuv.m? OF KANSAS BEAL ESTATE
MORTGAGES:
R IC H M O N D , VA.
•and to BODGES A KNOX, TOPEKA, KANSAS,
Private wires connecting with Washington, Balti tor Mfifi Pamphlet containing the compiled L—
more, Philadelphia and New York
\
jfaoMM relating to Real Estate Mortgagee.
New York correspondents. Prince A Whitely
A p r i l 2,
THE CHRONICLE,
1887.J
Jtyectal Sm
rjestm
jetits.
jtypjciKl Itttxestmjewts.
Jarvis-Conklin
Mortgage Trust Co.,
C a p ita l P a id U p
-
*
First Mortgage 6 P er Cent Gold Bonds.
Texas & Pacific RR. Income and Land
Grant Scrip.
ISO.
$ 1 ,0 0 0 ,0 0 0
Defaulted Railroad Bonds.
OFFICERS:
8 A in u E L M . J A R V I S , P re s ’ t.
E D W I N E . W I L S O N , l a t V lee-P res>t
H E N R Y P . M O R G A N , 2 d V lc e -P r e s ’ t
T O B E Y .
a
5
K I R K ,
NEW
This Company offers fo r sale at par and
accrued Interest its
W E O FPER FO R SALE
YORK.
A LIMITED AMOUNT OP
First Mortgage 6 P er Cent Gold B o n fe
Trust Co.’s Stocks.
OF THE
ALL OP THE
ROME
M ew Y o r k
SIX P E R C E N T D E B E N T U R E S
payable half-yearly at the office o f THE M ER
AND
CANTO,E 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,
W M . C. NOYES,
and are further secured by an equal amount o f
96 B roa d w a
Real Estate Mortgages on im proved and pro*
See my quotations of Trust and Telegraph Stock«
duotive Real Estate worth from three to five
times the amount of|the mortgages, held b y THE In Daily Indicator and Saturday’s Evening Post.
MERCANTILE TRUST CO., which under special
Articles o f Agreement acts as Trustee for the
ailey
holders o f the Debentures. They are issued in
5*g P I N E S T R E E T .
denominations o f $500, $1,000 and $5,000
DEALINGS BÎ
These Debentures are a very desirable class
STO CK S
of investments for Estates and Trust Funds- I N S U R A N C E
and for individuals and corporations desiring
A S P E C IA L T Y .
an exceedingly safe investment, with a com
once for the above securities ; or they
paratively high rate o f interest.
will be sold on commission at seller’s option.
1
Write for further information and reference
to our office at Kansas City, Mo., or to
E.
and
•08 M O N T A G U E S T ., B R O O K L Y N .
G AS
STO C K S
S. B
,
Investment Securities
BOUGHT AND SOLD.
W ANTED |
Eltaabeth City, New Jersey, Bonds and Scrip.
Southern Central lsts.
Middletown Unionvilie & Water Gap 5«.
Indianapolis & Vincennes lsts and 2d«..
Scioto valley Bonds, all issues.
A L B E R T E . H A C H P IE L D ,
Geo. H. Prentiss & Co.,
No. 4 9 W A L L S T ., N E W Y O R K ,
N o . fii« P in e S treet.
Staten Island Securities
A S P E C IA L T Y .
Gas, Railroad & Amusement Co. Stocks
GEO. B . R IP L E Y , J
S E C U R IT IE S ,
Street Railroad Stocks and Bonds
No.
IN .
B O GAS QUOTATIONS IN THIS PAPER.
The Investors’ Agency,
Jr., Proprietor,)
ANSWERS INQUIRIES CONCERNING
American Stocks a n d Securities
LargeLr ^ L <
if
Document«.
Competent Experts.
Confidential Report«,
----------------------------- ------------ Moderate Charge«.
H. L. Grant,
N0 .
20 BROAD STREET, NEW YORK.
S T O C K S , BO N D S,
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. R olsto n ,
w . A l e x . B a s s . Jr.
Member N. Y. Stock Bxch’ge.
H ir a m D e w in g . Cl a r k
d e w in g , f . t
. B o ntbcou
(Member o f N. Y. Stock Bxoh.)
2 3 4 L a Salle 8 t ., C h ic a g o , H I .,
SCUDDER,
H. Dewing & Son,
b a n k e r s and b r o k e r s,
N o . 1 8 W a l l S treet, N e w Y o r k .
§&S£?,3nd ? ? nd®Bonsrht and Sold on Commission
ffiftÎv ^ tX m se c ^ r itfe Î011 40 informatlon regard -
bouJhtaL
nd8old.TrU8t Co> 8 per oent »«»»entures
Howard Lapsley & Co.,
1 4 fi
B R O A D W A Y ,
NEW YORK.
BANKERS AND BROKERS,
CITY RAILROAD STOCKS & BONDS
74 B R O A D W A Y a n d 9 N E W S T R E E T ,
N ew Y o rk ,
BOUGHT AND SOLD.
_jee Quotations of City Railroad« in this paner
, R- T. Wilson & Co
E x ch a n g e C o u rt N e w Y o r k .
TO THE SECURITY HOLBER8 OP THE
Pittsburg & Western RR.Co.
Holders of a large majority of the Stock and Bonds
of the Pittsburg & Western Railroad Company hav
ing become parties to the plan of reorganization
dated March 10th, 1887, notice Is hereby given that
the right to deposit securities under said plan will
expire April 9th, 1887, after which date stock and
bonds, if received at all, will only be accepted on
terms to be fixed by the Committee.
Deposits of Stook and Bonds must be made with
Messrs. DRBXBl. & CO., Philadelphia, or Messrs.
DREXEL, MORGAN & CO., New York, who will
issue receipts for the same.
J. LOWBER WELSH,
JOHN T. TERRY,
C. H. COSTER,
ANTHONY J. THOMAS,
Committee-,
New Y ork , March 85,1887.
Denison (T exas) City Water Co.
6 per c t 80-year Gold Bonds.
io 5
M
d%
,S ! 7 co :,V jS X S ,
Vincennes (Ind.) W ater Supply Co.
6 per ct. 30-year Gold Bonds.
w .
G.
*
O bF I !PE S
TO
]LBT A T
NO.
47
,
Broadway, in large and small suites and at
low rents. Modern first-class office building steam
heat, elevator, etc. Steam-heat and janitor’s ser^ii5«?J?c*u2?d ln rent; also basement office in same
®
1
building, fronting on Broadway, well lighted
JOHN P, DO^YLB,
46 William ?treet.
H O P P E R
&
CO.,
No. 28 South Third Street, Phlla.
Village of Geneseo, N .Y .
w a t e r bonds fo r sale.
Sealed proposals will be received by the under
signed until the 7th day of April, 1887, at 12 o’oloek
M „ for the sale of from Sixty to Sixty-five Thousand
Dollars of the Bonds of the village of Geneseo Liv
ingston County, N. Y. Said bonds to be payable ln
ten, twenty and thirty years ln the oity o f New
York, and dated May 1.1887, with semi-annual Inter,
est; $¿0,000 payable In ten years from date; $20,000
pay .ble in twenty years from date, and the >alanee
payable thirty years from date. The village has an
assessed valuation of $1,600,000 with no bonded
debt. I’he bids to state the rate of Interest at which
they are proposed to be taken; and the right Is re
served to r ject any and all bids. Further informa
tion fumlsbed upon application.
Bated Geneseo, March 15th, 1887.
THEil. F. OLMSTBAD,
Treasurer Board o f Water Commissioners.
J. P. Gayle,
REAL
b a n k e r s a n d c o m m is s io n m e r c h a n t
a
6 6 E x c h a n g e P la c e , N e w Y o r k ,
_______ BANKERS AND BROKERS.
injnssiai"*
Rolston & Bass,
0 «o . H. P rentiss . W . B. P r e n t is s . W .W . w a l s b .
Member N.Y.8took Kxch.
L. p. o ln ey, Jr .
M. L.
RR.
further particulars apply to
S E C U R IT IE S
DEALT
DECATUR
Principal payable 1926. Interest Jane and Deoem.
her at American Loan A Trust Co., TrusteeT
Issued at the rate of $16,000 per mile,
lots,railroad runs through the richest mineral and
agricultural portions of the States of
SdAlabama, and forms a direct Western outlet tov
roads centering at Rome, including the Bast Ten
nessee Virginia & Georgia and Georgia Central road«
G R O V E S T E E N 4c P E L L ,
I fit t a t t jc ia l.
ANI) ALL KINDS OF
BROOKLYN
&
WE OFFER FOR SALE
66 B roadw ay, R oom 8.
GAS
lhis road forms a part o f the throturh line f m »
York to Tamp a, Florida, over which the Pnhan
carried. W e re o o m m id t h e s e b o ^ Ä
rapidly Increasing through
F110^ par and accrued lntSJStT
ramphlets and copies of mortgage furnished.
B - A . L A N C A S T E R 4c COs
______________ 1 ° W a l l S treet.
4 AND 6 BROAD STR EE T,
R O L A N D R . C O N K L IN , Sec’ y
W M . F . S H E L L E Y , T r e a s ’ r.
G E O . W . M c C R A R Y , C o u n sel
R O L A N D R . C O N K L IN , S ecreta ry,
E q u ita b le B u ild in g , N .Y . C ity .
J O H N M . S H R I G L E Y , Manager,
4 1 1 W a ln u t S t., P h ila d e lp h ia .
M O R G A N 41 B R E N N A N , M a n a g e r s ,
2 7 C u stom H o u s e Street,
_______________
P r o v id e n c e , R . I ,
(6 1 2 ,0 0 0 P E R M IL E ),
JACKSONVILLE TAMPA & KEY YFES1
RAILW AY COMPANY.
Issue
due
New Orleans Pacific RR. Land Grant Interestlimited, toin$1,606,000. Priiicibai and Jnl
payable
New York Janaary
Completed W b. 82; 1886. Standard imime. Ste
Bonds.
ra*j8- Hrst-class equipment.
*
Jarvis, Conklin & Co.
C IT Y ,
Ifiuattjcial.
Mahoning Coal Co. Stock.
SUCCESSORS TO
KANSAS
V
ESTATE AGENT,
F ir s t A t , b e t 1 9 t k a n d 20tfc Streets*
Up stairs, opposite Berney National Bank,
BIRMINGHAM, ALABAMA.
Valuable suburban tracts of land in -bodies o f ^
ten to eighty acres
Q .£V
**
THE CHRONICLE.
Julmst, jffiutdcuds, Ac.
fÇ
tuanefcaX
.
TO T H S
PREFERRED
A N D COMMON
6T O C K H O L .D K R H OF
The Lake Erie & Western
RAILROAD COMPANY.
Notice Is hereby given that on Monday, March 28,
X08!!v ithe corrected certificates i o f the preferred
•tdok Of the Lake Brle & Western Railroad Company
will be ready for delivery at ihe Central Trust Com
pany o f New York, when aU unpaid calls will be due
«ad payable.
. ..
Notice Is also given that the transfer books o f the
company will be dosed on Saturday, Aprl« 2,1887,
at 8 o’clock P. M., anti the stoOKh lders of record on
that day will be entitled to subscribe on or before
Tuosday, April 5,1 87, at 3 o’clock P. M , at the Cen
tral Trust Company of New York, as follows ;
The holders o f the preferred stock will be entitled
to subscribe to the amount of thlr y-seven and onehalf (37%) per eent o f their holdings in new pre
ferred stock at fifty (30) cents on the dollar, payable
•de-half In cash at the time o f subscription and the
remaining one-half on or before May 5,1887, when
the new preferred stock will be delivered.
Holders o f common stock will bo entitled to sub
scribe to the amount o f thirty-seven and one-half
(3 7 'a) per cent of their holdings In new common
■took o f the company at twenty cents on the dollar,
payable one half In cash at the time o f subscription
and the remaining one-half on or before May 6,1887.
when Uie new common stock will be ready for deliv
ery.
These Issues of stock, together with an issue o f one
million six hundred and twenty thousand dollars
( t l < 8 2 0 i O 0 0 ) of the company’s First Mortgage
Bonds, have been made by the company in payment
for the railroad and property formerly known as the
Indianapolis Peru & Chicago Hallway, one hundred
andisUty-two (10if) ml es in length, o f main line,
from Indianapolis to Michigan City, Indiana, and
include about forty (4 0) miles of side track, and all
that company’s extensive terminals in the city of
Indianapolis and on Lake Michigan, as well as its
equipment and other property iree from Car Trusts
er any other liens,
Stockholders must avail themselves o f their privl
leges promptly on the dates named, as any amounts
not taken have been otherwise placed In order to
meet payments on the properties purchased.
Payments to be made at the Central Trust Com
pauy of New York.
I .. OT. S( H W A N , S ecretary
h*IE I N T E R E S T A N D D I V ID E N D S .
on the fo’l iwlng bonds and stocks are payable
the banking house of Messrs. WinsloW, Lanier A
., corner of Nassau and Cedar streets. New York
City, on and after Apr 11,1887:— • ■
Atlas Engine Works, Indianapolis—
, | Jf,rst Mori gage 8s.
Coihmbus & Ho> kU g Valley RR. C o .First mortgage 7s.
Grand Rapids St Indiana RR. Co.—
First Mortgage Unguaranteed 7s.
First Mortgage Ex Lana Grant**»
Grand Haven, MICh.—
Funding 5s.
Indianapolis, Indiana—
_ _
_
school 6s..
Municipal 8s, series B B.”
Indiana State—
Registered Refunding, 314 per cent.
Pittsburg Fort Wayne & Chicago Railway C o .First Mortgage 7s, series “ D.”
Second Mortgage 7s, series K.
Third Mortgage 7s.
"
. ,
.
Quarterly Dividend l H per cent special stock.
Robinson. Illinois—
. M
School D1 trlct No. 4, Crawford County, 111.
Stafford Township, lad.—
School 7s.
9
0
0
, 0
0
.
THE
Louisville New Albany
& Chicago R ’wy Co.
OFFERS FOR S A LE
$900,000 Of Its Consolidated Mort
g g 6 P er Cent Hold Bonds,
ae
D U E IN 1 9 1 6 .
Sealed propostala fo r all o r any part "will l)
received« at the ■
office-oi th e
FARMERS’ LOAN & TRUST CO.
up t o April 22, at 12 o’clock, no^n.
Farther Information will ho given upon appi
•ation.at,the office-of th e Company,
N o , 3 1 N a ssa u S treet, N . Y .
WOT. D O W D , Preset,
WOT. D U L L E S , J i\ , A es’ t. T re a d .
New Y o rk , April i, 1857.
Kansas Investment Co
OF T O P E K A , KANSAS,
6 PER CT. SECURE*» GOLD BONDS
Principal and In' crest payable at the
NINTH 'NATIONAL BANK, NEW YORK.
First mort gases on imi-roved real estate in Kansas
(valued at more tbrn three times the amount loaned)
amounting to on- hundred and five (105) per cent o!
the par value *f ah saicl bonds, have been deposited
with the BOSTON SAFE D r-.POSIT & TRUbTCO.,
Trustee, for the protection of the holders thereof
and the Trustees’ endorsement to that effect appears
upon «very bond.
.
. .....
They are taken largely hy institutions and con
gervative investors generally.
PRICE, PAR ANi> INTEREST.
A . B . M ID D L E T O N ,
General Agent for New York and New Jersey,
1 0 W a l l Strtoet, N. Y .
O ffice ox D r s x e l , M o r g a n St Co..
>
M W a l l St ., Nkw York , Maron 16; 18S7. 5
Te the Security Holders o f the
Chicago & Atlantic RR.Co.:
Having undertaken, at the request o f the holders
of a large amount of thé seeurittes of the Chiosge
it Atlantic Railway Company, to bring about the r*.
organisation of that company and to adjust the dif.
t
ferences between it and Thô New York Lake Erie S
Western RR. Co., with the understanding that the
railroad of the reorganised company Shall be tren*.
ferred to and operated by thé New York Lake Hri*
St Western RR. Co., we have made a contrsot-with
The New York Lake Erie & Western RR. Co. with a
view to such reorganization and adjustment.
Copies o f a circular setting forth- the plan of re*
organisation may be obtained On application at ew
offlee.
Holders of the securities of the Chicago S Atlanr
t
tlo Railway Company are requested to deposit lame
with'In accordance with said circular.
Henry S. Ives & Co.,
Fifth A v e n u e
HOTEL,
m in e r a l
R a n ge k a il r o a d Co m p a n y
G e n e r a l O ffice *,
__
n
HANCOCK, Mich., r a n ch 17,1887,.
H A N C O C K , J M lO II., Ma c u 1 1 , t o o /
0
f i n a n c i a l .
APRIL 9.
Hamilton County. Ind.—
Gravel Road fis.
D R E X E L , M O R G A N & CO.
APRIL 5.
_
Pittsburg Fort Wayne A Chicago Railway CO.—
Quarterly Div’nd., 1% per cent, regular stoek.
APRIL 10.
Johnson County, Ind.—
Gravel Road 6s.
BANKERS,
APRIL 1L
NO. 2 5 N A S S A U S T ., N E W Y O R K .
Vermillion County, Ind—
County 6s.
P. O. BOX 1,422.
White County. Ind. —
-Gravel Road 6s.
Transact a general banking business. Including tk.
APRIL .
purchase and sale of securities listed at the New
Bath County, Kentucky.—
Compromise 7s.
York Stock Exchange, or in the open market.
Center Township, Indiana.—
Beoetve deposits subject to check at tight and
School 7s.
Richland Township, Ind.—
allow Interest on dally balances.
__
Sohool7s.
APRIL 10.
Government, State, County, City and Ballroad
White County, Ind.—
bonds constantly on hand for sale or exchange, ana
Gravel Road 6s.
particular attention given to the subjeot o f investAPRIL 80s
menu for institutions and trust funds.
Bedford. Ind.—
Municipal 6s.
Colfax, Ind.—
Municipal 8s. __________ _
p A L L A T IN
N A T I O N A Ii B A N K
New Y o rk . March 80, 1887.—The Directors of
this Bank have this day declared a dividend of
FIVE PER CENT (5) out of the earnings of the
Madison Square, M E W YORK,
past six months, payable April 6th pro*. The Largest, Best Appointed And Most Liberally
The transfer books will be closed until that date,
Managed Hotel in the City, with the Most Central
andDeRghtfPl Lo^atiomc o c K pA R liiyQ & qq.
ARTHUR W. SHERMAN,
Cashier.
KwW YORK, March 22, 1887.
$
[V O L . X L T 7
r p H E S T . P A U L M I N N E A P O L I S Sc
1
MA NiTOBA RAILWA Y x.OMPANY,
No 63 W i l l i a m St .. N e w Y o r k . March 8 0 , 1887.
The usual quarterly dividend of. ONE AND ONEHALF PER CENT on the Capital Stock of this Com
pany^ has been this day declared, payable May-2,
1887, to stockholders of record on that date.
The transfer b •eks will be closed at 3 o’clock P.M.,
Aoril 11. wrd wHl be re-opened at. 10 o’clock A. M...
May 8.1887.
E T. NICHOLS.
L
___
3
Assistant Secretary.
S T O C K H O L D E R S » M E E T I N G —T H E
^ annual meeting bf the stockholders of the
DENVER * lUG GRANDE RR. CO„
for the election of directors and for the transaction
of such other business as may come before the meet
ing, will be held at the principal otfioe of the Com
pany, In Denver, Colorado, on MONDAY, the 2d Of
Mhy, 1887, at 12 o’clock.
The transfer books will he closed at 8 «clock P.M.*
April 9th; and reopened May 9th.'
5 By order of the Board of Directors.
WM. WAGNER. Becratary.
I 'O L O K A D O
CENTRAL
O O N S O L IL DATED MINING CO:—The.regular dividend,
No. 15. o f Five Cents per Sh .re ($l3,io0>, has been
declared to the Stockholders of this Company, pay
able on April 11, at the Farmers’ Loan & Trust Co.
Transfer -books close on April 1st, reopening on
April 12.
R. V. MA RTINSKN, Treasurer.
Ne w Yo r k , March 10,1887.
rp H E
C O M M IT T E E
OF
SECO N D
Mortgage Bo< oh-.lders of the INDIANAPOLIS
De c a t u r “! s p r i W i e l d r a i l w a y c o m
p a n y n o tify holders of Stock and beeped Mort
gage Bonds of that Company that the railway prop
erty is advertised for sale on the 25tn of May, under
the decree of foreclosure. Notice is hereby given
that the time for the deposit, of bonds and stock to
participate in the r»organization wil._nnder Hie
terms of the agreement, expire on the 26th of April,
alter which date no deposit-will be received. No
bonds or stock will be entiiled to participate in the
reorganization, except such ’as are deposited with
the FARMERS’ LOAN & TRUST COMPANY, No
20 William street,New York, subject to said bond
holders’ agreement,
— — — m s— — — —
■
G as, Insurance, liiinlw. C ity R a ilroa d s',
& c. Send for list publish, d Mood <ys.
J .P . VVINTKI •titlA itli S fiP in e S U N .Y .i
Member Consolidated stock & Petroleum Exchange.
Member N. Y. Produce Exchange.
J
L
Bible Hotel,
)
T H E r e g u l a r q u a r t e r l y
-1- DIVIDEND of TWO AND ONE-HALF PER
CENT- on the Capital Stock of this Company :is paya
ble April 5,1887, at the office of the Company, Han
cock, Mich., or at .it« transfer agency in the city of
New York, to stockholders of record March 81,1887.
new io i *. vu
H s OGDEN. Treasurer.
AM STERDAM , HOLLAND.
Beautifully situated In the centre of the city, cles
to the Kailway Station and the Exchange. First
fate cooking. Excellent wines. Moderate prices.
W. P. WERKKB, Manager.
Massasoit
House,
S P R IN G F IE L D , M ASS.
THE BEST APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Ne«
Union Depot.
w . H . CHAPIN-
ffinaucíai.
J ohn G. M oor e .
W . K. K itc h e n .
G. B. Sea u t
Moore & Schley,
26
1 BANKERS AND BROKERS,
B R O A D S T R E E T , N E W YORK*
' ..m 1
.
b r a n c h o f f ic e s )
“ ' _
72 Wall St., N .Y .
114 So, Third St., Phila.
Connected with :
I. A. EVANS & CO., Boston,
_
Co rson .& M a c a r t n e y , Washington, D.t*
E. L. B r e w s t e r & Co., Chicago.
HUBBARD & FARMER, Hartford.
Private Wire Connections.
Buy and sell Stocks, Bonds and Miscellaneon'
Securities on New York Exchanges; also Grain an
i»
Provisions on Chicago Board of lr a d e ,_________-
Spencer Trask & Co.,
BANKERS < BROKERS,
k
16 and 18 Broad Street, N. V
Albany, N.Y.
Providence, R. I.
Saratoga.
Transact a General Banking Busineß
Direct Private W ires to each office and to
P H ILA D E LP H IA ,
BOSTON,
WORCESTER
AND
H U N T 'S
MERCHANTS'
^
W c c ttlg
R EPRE3EN TIN G T H E IN D U S T R IA L A N D
VOL. 44.
M AGAZIN E,
§ t w 0 p a p t t ,
C O M M ERCIAL IN T E R E S T S O F T H E U N IT E D S T A T E S .
SATURDAY, APR IL 2, 1887.
C O N T E N T S
TH E CHRONICLE.
Clearing-House R eturns......... 409 Bulgaria and the Peaoe o f
The Financial S ituation.......... 410
Europe........................................ 416
Loss o f Reserve by New Y ork
Financial R eview o f M aroh ... 417
Banks..........................................412 Railroad Earnings.......................418
The Union Pacific and Mr.
M onetary and Commercial
Adams’ Administration........ 413
418
English Nawrs.....................
Chicago Burlington & Quincy. 415 Commercial and Miscellaneous
News . . . ......
420
THE BAN KERS’ GAZETTE.
Money M arket, Foreign E x
Prices o f A ctive Bonds at N. Y.
change, U.B. Securities, State
Stock Exchange, and Range
and Railroad Bonds and
since January 1, 1886........... 424
Stooks...................................... 422 Railroad E a r n in g s......... ...........425
Range in Prices at the N. Y.
General Quotations o f Stocks
Stock E x c h a n c e ................... . 423
and Bonds.................................. 426
investm ent and Railroad News 432
3 £ b e
O D h rou ic le .
NO. 1,136.
Pursuing our usual method of deducting two-and-a-half time»
these values from the New York, we find that the exchanges
of other origin record an increase o f 42 3 per cent.
Week Ending March 26.
1887.
Boston.........
Providence..
Hartford....
New Haven.
Portland... .
Worcester..,
Springfield...
Lowell........
Per Cent.
$541.735,391
$083,711,345
— 8
20
(1,107,441
(078,700
(27,861,000
(11.140,000
(2,067,704
(490,400
(86.923,000
(36.342,000
(-58-5)
(+38-4)
(-8 4 5 )
(-69 3)
$79,847.691
4,285,200
1,439,801
1,040,700
New York..
.
Sales of—
(Stocks... .shares..)
( Cotton..... hales. .)
(Grain... bushels )
(Petroleum,. .bbls )
1886.
$78,803,99®
3,740,500
1,444,938
877,814
759,002
739,527
708,085
425,988
+8-2
+14-4
—
0-3
+18-0
+2 3
+17 2
+ «1
+22*0
800,852
772,889
519,050
1887.
$028,845,862
Percent
—
3*9
(1,881.978) (-42-4$
(532,700) 1
—18-0>
(50,577,000 ( + 88-21
(80,722,000) l-u * ®
$89,559.446
+18-9
4,245,000
-fe-5
1.003,4?
+3-5
1,172,700
+ 13-1
800,705
+0-9
906,725
+18-4
+40-1
1,017,078
581,171
+34-9
$100,012,922 _ +1+9
$89,048,883
$82,005,858
+8 0
$58,541,246
8,879,015
12,465,215
$53,707,403
6,993,173
10,759,783
+9*0
+270
+15*8
$03,109,820
8.418,149
12,003,044
Total M iddle...
$79,880,078
$71,460,859
+11-8
$84,191,019 "” +8-4
Chicago.,............
Cincinnati . . . . . . .
Milwaukee........
Detroit.................
Subscriptions will be continued until definitely ordered stopped. The Indianapolis........
publishers cannot be responsible fo r remittances unless made by Drafts Cleveland............
or Post Office Money Orders.
Columbus.............
\ fh*'Cover is furnished at 50 oents; postage on the same is 18 Peoria................. .
Omans........... .......
oents. Volumes bound fo r subscribers at $1 00.
Minneapolis.......
,,
.
L o n d o n A g e n ts i
Denver........... .
^ S m it h , 1 Drapers’ Gardens, E. 0 ., who will take St. Paul ..............
at Is each 8
advertl8ement8 and supply single copies o f the paper Grand Rapids......
Wichita*..............
william b. dana . I
® A I i A & C o ., P u b lis h e r s ,
Total Western,..
JO N o. floyd . ) 7 9 & 81 W i l l i a m S tree t, N E W Y O R K ,
H
____________
l
Post Office B o x 958.
St. Louis...............
St. J o se p h .,.......
New Orleans.......
Louisville.. .........
CLEARING HOUSE RETURNS.
Kansas City..........
Memphis...............
Bank exchanges for the week ended March 26 make a less
Galveston..... ....
satisfactory exhibit so far as the aggregate is concerned than Norfolk...........
$50,304,409
10,823,900
8,879,734
3,041,185
1,410,008
2,009,172
1,970,150
1.008.741
2.773,757
2,671,155
2,308,288
3,481.482
510,904
1,579,685
$42,205,002
8,072,700]
3,319,112
2,779,873
1,022,151
1,810,662
1,778,307
024,721
1.200,587
2,748,380
1.650,568
2,258,832
350,251
+19-2
+34*1
+109
-f9-4
+880
+469
+10-8
-t-71-1
+129 9
—2-8
+S9-3
+54-1
+45-9
$80,912,901
$69,839,200
+240
$16,038,801
1,543,137
10,690,417
4,543,950
7.180,955
2,019,341
1,077,902
590,700
$13,050,480 +22-9
730,207 +11] -3
8,072,852 +32*5
3,032,058 +25*1
4.038,234 +76-7
1,493,348 +350
1,178.965
-8-0
050,000
—9-1
Terms o f Subscription—Payable in A dvance:
For One Year (including postage).................... .....................s i o 20
For Six Months
do
................ .....................
6 10
European Subscription (including p o s t a g e ) ...... ..____!. n 28
Annual subscription in London (including p o s ta g e ). . . . . . £ 2 7s,
Six Mos.
do
do
do
......... £ 1 8s
These p rices in clu d e th e I n v e s t o r s ’ S u p p l e m e n t , o f 1 0 0 pages
Issued onoe in t w o m onths, an d fu r n ish e d w ith o u t e x t r a ch a rg e to
subscribers o f th e Chronicle .
5
Week Andina Mar. 19.
Philadelphia.......
Pittsburg.............
Baltimore............
$53,123,073
10,708,800
8.474,808
8,802,720
1,300,812
2,865,782
2,424,241
1,024,125
2,459.012
8,187,347
2,009,562
3,664,228
484,001
1,783.589
40-8
+ 95 2
+ 0-1
+27*9
+18*4
+17*4
+10*2
+29-3
--80*2
+44-2
+51*0
--02*7
--20*0
--69-9
--30*4
- 25 8
$90,384,227
+28*1
$17,247,596
+37*4
1,741,320 +140-8
12,007,208
+50-8
4,899,732
+18*4
7,701,202
•+07-7
1,989,453
+2*1
840,811
—87*8
— 0*1
672,815
$47,159,504 ”+38*8
$13,930,065
+ 32*9
any full week since the beginning of 1887. In comparison Total Southern.. $43,047,215 $32,848,810 +32-9
with last week there is a loss in the total o f $109,417,556, of San Francisco...... $13,881,031 $10,497,281 +27-5
which $86,609,967 was at New York. The heavy decline at Total all............. $854,012,103 $950,302,802 —101
$904.029,609
+8*7
this city is in part accounted for by the further diminution of Outside New York $312,870,708 $260,051,459] +17-3 l
transactions in stocks, but about half of the decrease has its
origin in reduced clearings from other business. TwentyAs received by telegraph this evening, the returns of ex
three of the thirty-four cities outside of New York record changes for the five days record an increase in the aggregate
losses from a week ago which in the aggregate reach nearly over the figures for the similar period of the previous week,
twenty-three millions of dollars. At Boston the falling off and in comparison with the corresponding five days o f 1886,
from March 19 is almost wholly due to smaller stock opera- all the cities exhibit gains. For the week ended April 3, the
tions. Messrs. R. G. Dun & Co. report an increased number subjoined statement indicates an increase compared with last
of failures during the week, the casualties being considerably year in the total for all the clearing houses o f 7-3 per cent, and
above the average in the Southern States and Canada. They an excess outside of New York o f 14-1 per cent.
state that the prevailing uncertainty with regard to the
Week Unding April 2.
Week End’s Mar. 26.
effect of the Inter-State Commerce Bill affects most branches
or business unfavorably, except [in so far as transactions are
1887.
1880.
Per Cm).
1887.
Percent
hastened to make shipments by rail before the changes in New York............. $549,075,931 $582,802,788
$454,771,805
—19*6
Sales of Stock (ths.)
(1,721,351)
(1,580,000) (+8-9)
rates and expiration of contracts.
(822,051) (—05-7)
Boston..................
74,890,437
04,947,950
66,517,356
+8-8
Contrasted with the same week of last year there is a loss Philadelphia.........
48,478,678
43,751,560 +10-8
49,274,160
+8*4
m the whole country of 10’1 per cent, New York showing a
9,984,420
8,963,388
10,318,800
+11-5
42,887,000
42,097,000
+18-7
.
® P®r cent, and the total for other clearing houses St. Louis...............
12,880,919
13,551,550
+24-5
an increase o f 17*3 per cent. Heavy gains are New Orleans......
7,240,285
6,781,608 +25-2
9,717,250
+42-7
“ om a number of points, notably Omaha, 129-9 per
Total, 5 days... $740,037,700 $704,575,968
+6-9
$640,247,927
—12*0
144,205,163
-3-8
<u.i
J?8eph l n ’3’ Kansas City 76-7, Peoria 71’1, St. Paul Estimated 1 day. 155.272,354 145,102,071 +3*9
04 1, Cleveland 46-9. and Grand T ?»nida a k .q per cent.
a n d G ra n d Rapids 45-9 ------------ a
Total full week $901,310,054 $849,738,029
46‘9>
+-0*1
$790,543,990
—10-«
Balance, Country*
85,482,931
71,159,408 +20*1
87,074,177
+82*9
value of the share transactions on the New
Total week, all 1980,702,986 $920,897,437 +7-2
$878,617.237
—7-0
otock Exchange for the week has been only $59 149 000
*317.745.528
-4-lfl*
agwnet $163,053,000 for the corresponding period in 1806. Outside New York $321.115 778 *281.634.649 -H A !
’
For the lull week, based on last week’! retxrsMl
410
t h
e
c
h
THE FIN ANCIAL SITUATION.
Money, as expected, has become a little more active
this week. On call, as represented b y bankers’ bal
ances, the extremes have been 9 and 3 per cent, with
6 per cent as the average. Renewals have been made at
6 per cent, and that has been the rate among those o f the
banks which have been in« a position to offer money on
call. Stock commission houses having done only a small
business, while the stocks that have advanced being many
o f them the more substantial properties and always com
paratively easy to borrow on, no very great urgency in the
demand for money has existed on any day during the
week; at the same t im e . those who have been in
terested in higher prices for stocks have been free
lenders. It is also presumed that further loans have been
transferred to London during the week, though we have
no means o f confirming the report. Altogether, while the
market has been close, it has been so managed as to be
kept free from speculative manipulation; and if the new
funds our banks will receive from Government first of
A pril disbursements, and if the outflow to the interior is
reversed or even checked, the prevailing belief in a some
what easier money market after a few days may be realized*
W e have made some suggestions with regard to the nature
o f the movement o f currency to the interior in a subse.
quent column; and we would add here, that so far as the
issues o f silver certificates which are being transferred to
the South and W est through the Treasury, are made up
o f small notes, their return to this centre must be a slow
matter. In comparing the Treasury receipts o f customs
yesterday, we noticed that although the silver certificates
outstanding have of late increased so largely, the payments
in that kind o f currency remain small, being only 10-1 per
cent o f the whole in February and 11 -4 per cent in March.
O f course this must be in great part due to the fact that as
the small notes are so large a percentage of the later issues,
they find constant use as the more active currency.
In London and on the Continent we have a sharp con.
trast with our own market, money being very cheap
indeed. A t the first named centre discounts o f 60 day to
three months bank bills are only
per cent; at Paris
the open market rate is 2 per cent; at Berlin it is 2§- per
cent and at Frankfort
per cent. On the Continent the
bourses have been a little disturbed on account o f the re.
port o f a renewed attempt upon the life o f the Czar, while
at London business has been confined to speculation in
Americans and in a few British railways; trade gives no
signs of increasing activity anywhere in Europe, but it
seems as if the very low rates for money ought to encour
age speculation in securities. The Bank o f England
gained £75,000 bullion during the week; according to a
special cable to us this was made up by an impor^
principally from E gypt of £91,000, a receipt from the
interior of Great Britain o f £34,000, and by an export
w holly to Germany o f £50,000.
The foreign exchange market has been dull and irregu
lar this week. On Monday the nominal rates were reduced
half a cent to figures which made them conform more
closely to those ruling for actual business, but the tone
was reported heavy even at the decline until W ednesday
under the influence o f offerings o f bills drawn by the
arbitrage houses against stocks purchased on European
account, together with a few grain bills. On W ednesday
a firmer feeling was noted in the morning, but it gave
way to ease in the afternoon. On Thursday the pressure
o f loan bills made the market weak, and first-class bank
ers’ 60-day drafts were bought at nearly
cents
below the ruling nominal rate, but commercial bills
r
o
n
i c
l e
.
[VOL. x u v ,
were scarce. H ow long these relations will continue in
the exchange market it is impossible to divine. W h ile loan
bills remain to be absorbed the ruling rates have little
relation to foreign trade conditions. The feeling is all the
time that exchange must advance. In fact, when the
month o f March opened it was supposed that gold exports
could not long be delayed. It will be remembered that
sight rates had been as high as 4 89£ the last week in
February. But ever since then exchange has been weak
and variable. W h ile money is so cheap in London, and
holders of stocks are able and continue to borrow there,
these conditions will remain.
A President of a Philadelphia bank in referring to our
article o f last week with reference to changes in the law
as to bank reserves, asks for information on a further
point. He states “ that the reserve cities outside o f New
Y o rk have heretofore been allowed to act as reserve agents
“ for banks outside of the reserve cities and at the same time
“ keep one-half o f their reserve in banks in New Y ork
and his question is whether “ if banks in such reserve cities
“ now vote to become reserve cities like N ew 5Tork, can they
“ still keep the same reserve in New Y o rk as heretofore.”
W hen we wrote last week we said nothing on this point,
but assumed for the time being that the question here
raised would be answered in the affirmative, although the
natural inference from the amendment is that such was
not its intention. But the change when interpreted in
that way was so radical and the second section o f the
amendment apparently so uninviting that we accepted the
view that these new central reserve cities^could keep onehalf o f their reserve in New Y o rk as heretofore. Since
then, having seen it stated that Comptroller Trenholm had
sent notice to St. Louis banks deciding that this could not
be done, we telegraphed the Comptroller whether such a
decision had been made, and he replies that “ the law
“ seems to preclude banks in central reserve cities from
“ including in their reserve, balances due them by banks
“ in any other city whatever.’ ’ Thus interpreted the amend •
ment becomes as stated not a very attractive device for an
interior trade centre to take advantage of. A ll banks in large
cities must keep balances not only in New Y ork but also
at other important points. They cannot conduct their
business on any other basis. This they were free to do
and to get interest for, while counting it as a part o f their
reserve, under the old system ; hereafter it appears that as
soon as any city takes upon itself the new dignity of a
central reserve city this privilege is gone, and it must re
tain its full 25 per cent in lawful money at home in its own
vaults idle. Of course if the new privilege of carrying
twelve-and-a half instead o f nine per cent o f other bank
reserves increases deposits largely, there may be compen.
sation ; but we see no reason for anticipating that result,
especially as there are, if the reports are correct, already
three o f these central reserve cities in the W est, and the list
xs not finished yet. Under this ruling the more the better
for the strength o f the banking and currency system, only
the Comptroller will have to adopt some plan by which
he shall know whether the 25 per cent is always retained
at home, for it is only in a few cities that the banks pub •
lish weekly returns. I f it should turn out also that when
a city had reached this new position, it could not retreat
or divest itself o f its new obligations, the law might
perhaps suggest in more ways than one the bewitch
ing invitation the crafty spider extended to the guileless
flyMr. Morrison did a graceful thing in nominating Judge
Cooley, though a political opponent, as Chairman of the
Inter-State Commission. His election to that position
will cause general satisfaction in the mercantile com -
A pril 2, 1887.]
THE CHRONICLE.
inanity.
Mr. Cooley has had experience in railroad
matters, and while no one would accuse him o f a leaning
towards the railroad side o f any question, he is known to
entertain practical and sensible views with reference to
many problems connected with the administration o f rail
roads, and to have the courage and determination to act
fairly and impartially on matters coming before him for
consideration.
"We have before called attention to
the fact that the discretionary powers vested in the C om
mission are very limited, but Mr. Cooley’s election is
a guarantee that, so far as the President of the Commis
sion is able to guide the action o f the Board in this and
other matters, the powers will be wisely used, and, so far
as consistent with the law, in such a manner as to con
serve both industrial and railroad interests, rather than
to vex or injure either.
The new law goes into effect next Tuesday, and in
certain quarters no little dissatisfaction continues to be
felt at the new tariffs, schedules and classifications which
the railroads have prepared in anticipation of that event.
TTe think this is natural, and yet, as we said last week,
merchants and shippers should not forget that the position
of the railroads is an exceedingly difficult one. A new con
dition of things has suddenly been thrust upon them. They
are required under severe penalties to live up to it. They
can not afford to make mistakes, because they will prove
costly by reason of these penalties. Hence, if they err at
all, they must err on the safe side. N o doubt many of
the tarifEs now announced will have to be changed, but
time alone can determine that. A s an illustration o f the
difficulties in the way o f making a classification satisfac
tory to all interests, we have the divergence o f views that
developed this week at the meeting o f the special commit
tee o f the dry goods men, and which resulted in a dis
agreement. Much vexation and embarrassment will of
necessity result from the law— in the nature o f things it
could not be otherwise— but we may expect that the rail
roads, as well as the Commissioners, will seek to reduce
the incidental disturbance to a minimum. W e notice that
some railroad officials are apprehensive lest with uniform
rates on all the lines, the minor lines failing to receive
their former share o f business, may be induced to post
lower rates. Under the pool, this was avoided by giving
to each road a fixed percentage o f the business. It is
true that under the new arrangement the bu lk o f the
traffic must go to the stronger lines, but it does not at all
follow that these therefore would meet the u cuts ” in
rates. On the contrary, if the cut were not too large, the
stronger lines might be willing to allow it to the weaker
lines as a sort of differential.
The increased consumption o f coal is quite a strik
ing feature of the situation.
The coal trade just
now
is
reported quiet and rather
dull, which
perhaps is natural considering the pending changes
in prices and tolls, but nevertheless the figures
of the anthracite production which Mr. John H .
Jones, the accountant o f the companies, has issued this
week, when taken in connection with the changes in stock,
show a noteworthy increase in the demand in the first
two months of the year, over both 1886 and 1885. F or
February the output was 2,551,003 tons this year, against
2,385,028 tons in 1886 and only 1,767,707 tons in 1885,
while for the two months the production stands at 4,794,316 tons, against 4,723,299 tons and 3,409,510 tons
respectively in 1886 and 1885. These aggregates c e r.
tamly afford evidence of progress, but the question is,
w at is the exhibit as to consumption, a part o f the
increased production in the previous year having gone
into stocks? To answer that query we have prepared the
411
follow ing statement covering February and
months, fo r three years.
February.
Anthracite Goal.
1887.
1886.
1885.
Stock beginning 7bns.
Jbns.
Tom.
of period..........
475,448 779,004 837,104
Production.......... 3,551,003 2,385,028 1,767,707
Supply........... ' •8,036,451 3,164.032 2,604,811
St’k end o f period
470,609 996,946
665,565
Consumption. 2,555,842 2,167,086 1,939,246
the
two
Jan. 1 to Feb. 28.
1887.
1886.
1885.
Tone.
Tons.
7bns.
372,282 754,545 874,681
4,794,316 4,723,299 3,409,510
5,106,598 5,477,844 4,284,191
470,609 996,946 665,565
4,695,989 4,480,898 3,618,626
Here we find a heavier consumption this year than in
the same two months last year, which alone would be a
remarkable fact, considering fthe interruptions occasioned
by the coal-handlers’ strike. But the increase this year
comes after a most noteworthy gain in 1886, so that the
amount gone out o f sight or into consumption this year
stands at 4,695,989 tons, against only 3,618,626 tons in
1885. In other words, as compared with the same two
months two years ago there has been an ^increase in con
sumption o f over a million tons. It is true that in 1885
the figure was down very low, general business then
being unusually depressed and buyers also holding off in
anticipation of lower prices later on, and yet the enlarged
total now reflects clearly the difference in the conditions
ruling~at the two periods.
There are other features of the situation that must be
encouraging to those in the coal trade. Note for instance
that stocks at tidewater points on the 1st o f March, 1887,
were only 470,609 tons, against 996,946 tons on the 1st of
March, 1886, and 665,565 tons in 1885. Then the com
panies are advancing prices for coal, while the railroads
in readjusting their schedules have dropped the percent
age plan o f fixing tolls, and are charging certain fixed
rates, which also are higher than those previously prevail
ing. N o new combination has been form ed fo r the year
beginning A pril 1, but it is believed that a tacit understand
ing exists to work harmoniously together; while restricting
the production is not thought needful unless a disposition
should develop on the part o f some o f the companies to
extend unduly. A s an illustration of the improvement
that is being experienced, we have the February
exhibit o f the Reading, showing net o f $731,407 for
the month this year, against only $306,835 in 1886,
and for the first quarter o f the fiscal year net o f $2,127,485,
against $1,260,101, an increase o f $867,384. O f course
there are special reasons for the exceptional gain in the
case of the Reading, but the tendency is undoubtedly
towards im proved results.
The stock market this week has developed increased
activity and a stronger tone. There is a disposition to
regard the danger from higher money rates as nearly
past, and to consider, with that obstacle removed, that the
main drawback to higher stock values will have been over
come. But there have also been some positive influences
o f a favorable character. Rates on coal to the seaboard
have been advanced, while the demoralization in the eastbound tariff from Chicago seems also to have come to an
end, for the grain tariff is quoted firm at figures close to
the 25 cents per 100 pounds agreed upon as the new
official rate.
Then the trunk lines and all their
connections, with New England and Southern roads, have
resolved to pay after A p y l 1 “ no commission, rebate or
other drawback,” and this it is believed will save the rail
roads a very large sum o f money. Furthermore, railroad
earnings continue exceedingly satisfactory, and for the
third week of March there is a gain over 1886 o f nearly
16£ per cent. Unfavorable reports o f net for the month
of February come from both the Northern Pacific aud the
Canadian Pacific, but these are the roads that suf
fered so much from snow in that month. Finally,
412
THE CHRONICLE.
the personnel o f the Inter-State Commission is re
garded
with
favor, and there is
no
fear of
hasty or ill-considered action on the part o f the Com
mission. Under these various influences a pretty general
advance in prices has been in progress during the week.
Business has nevertheless been quite limited in character,
and while the better class o f properties have not been
neglected, it is noticeable, that the greatest advances have
been scored by a few new specialties. There i3 evidently
an organized attempt to advance prices, and everybody is
expressing himself hopeful o f seeing much higher quota
[Voc
X L IY .
LOSS OF RESER VE B Y N E W Y O R K BANKS
T o say that the appointment o f Mr. Fairchild as Sec
retary o f the Treasury gives great satisfaction among
business classes in this community, is expressing such an
obvious fact that it seem3 almost idle to stale it. But it
means much, for in that position we need so much. I t
means perfect confidence in his financial ability, practical
good sense and unqualified integrity.
There never was a commercial nation whose money
market was so completely within the control of a Govern
ment officer as ours is to-day. The Sub-Treasury arrange
tions.
ments were bad enough under the best o f circumstances,
The following statement, made up from returns col* but with our high taxes and large surplus, with our silver
lected by us, shows the week’s receipts and shipments of coinage and silver certificate requirements and powers, the
gold and currency by the New Y o rk banks.
whole business of the country might be thrown into con
fusion at any moment if a Secretary o f the Treasury was
Net Interior
Received by Shipped by
Week endino April X 1887.
.
not capable, vigilant and honest.
This thought is
y. 7. Bank». ¡V. F. Batikt. Movement.
12,503,000 L oss. $1,845.000 especially suggested just now, when every one has for
<608,000
.200,000 Loss.. $200,090
Qold......... ........................................
weeks been anticipai ing that difficulty was almost una
12,703,000 Loss..$2,015,000
<653.000
Total sold and leeal tendera......
voidable through Government operations, only to find
The above shows the actual changes in the bank hold that by adroit management we have been steered safely
ings o f gold and currency caused by this movement to and through it all4 thus far, leaving the Treasury to-day with
from the interior. In addition to that movement the banks less instead o f more money than it held a month ago
have lost $1,400,000 through the operations of the and with prospective disbursements heavy because of
Sub-Treasury. A dding that item to the above, we have a large interest payment ($7,380,000), and of a 10
the following, which should show the total loss to million bond call, both maturing A pril 1st. It is not
the New Y ork Clearing House banks o f gold and cur surprising under such circumstances that the public has
rency for the week covered by the bank statement to be become assured, confident that danger from Treasury
issued to-day. It is always to be remembered, however, accumulations to the money market need not ba feared if
that the bank statement is a statement o f averages it can in any way be prevented so long as the present
for the week, whereas the figures below should re management is in control.
flect the actual change in the condition of the banks
The trade movement o f money ha3 not, however, less
as between Friday o f last week and F r iia y of this ened as yet, though a change is generally anticipated now.
week.
It may aid to a correct judgm ent on that point to note
a contrast between the movements o f currency this year
Week endino April 1, 1887.
Into Bank». Out of Banks. Net Change in
Bank Holdings
and a year ago.
The prevailing opinion is that the pre
$653,000
$2,703,000 Loss.. $2,045,000 sent outflow is preparatory to the ordinary 1st of April
Bank*’ Interior Movement, as above
6,100,000
7,600,000 Loss.. 1,400,000
settlements ; and that consequently when that purpose is
Total arold and letra) tenders__ *6.758,000 $10.203.000 Loss. .$3,445.000
accomplished a return may ba speedily anticipated. Tais
The Bank o f England gained £75,000 bullion during
idea, so far as the outflow has been for temporary purposes,
the week. This represents £41,000 net from abroad and
must prove true.
But a feature this soa3on o f no little
£34,000 from the interior.
The Bank of France lost
significance is that the movement to the interior is not a
3,975,000 francs gold and 650,000 francs silver, and the
recent affair, but has bsen in progress without interrup
Bank of Germany, since the last report, gained 1,300,000
tion since the first week in February.
It has become
marks. The following indicates the amount o f bullion in
larger in March and a little more free especially during the
the principal European banks this week and at the
last two weeks, but, as stated, it did not begin within that
corresponding date last year.
time.
Our weekly statements furnish the evidence of
A pril 1, 1886.
¿far. 31, 1887.
this fact, confirmation o f which is obtained from an
Silver.
Gold.
examination o f the bank and Treasury returns for the
Silver.
Gold.
same period taken at longer intervals.
A
A
&
A
22,451,462
Thus on the 29th o f January the banks held o f lawful
Bank o f England . . . . . . . 24,769,851
Bank o f Franoe ... . . . . . 47,795,647 46,082,949 51,217,054 44,268,040
money 118 million dollars, and on the 5 th o f March about
18,083,070 16,035,930
Ra.nu o f G e rm a n y .. . . . . . 20,212,610 17,924,390
105£ million dollars, or a loss during the intervening
92,778,108 64,007,389 91,751,586 60,303,970
On the other hand
Total previous week . . . . 92,787,726 64.002.350 91,878,151 60,708,118 weeks of about 12£ million dollars.
the Treasury on the 31st of January (according to the
The Assay Office paid $144,396 fo r domestic bullion
monthly report o f that date) held o f gold, silver and
through the Sub-Treasury during the week, and the A s
■stant Treasurer received the following from the Custom legal tenders 273^ million dollars, and on the 5 th of
March (according to its daily statement) about 280f; mil
House.
lion dollars, or a gain o f about 7£ million dollars. 01
Consisting of—
course as these figures represent movements of currency
Date.
Duties.
Silver CerGold
U. S.
at all sub-treasuries, they do not accurately reflect the
Gold.
Oerti/lc’s.
tifleates.
Notes.
losses or gains through Government operations of our
$25,000
$148,000
Mar. 25.
$5,000
$46,000
8225,857 78
Y o rk
banks ; besides
during every month
40,000 New
228,000
26.
312,192 35
2,000
42,000
96,000 our mines with the help o f the Government, bring into
361,000
• 28.
*
5,000
60,000
526,207 89
145,000
131,000
791,000
“ 89.
4,250
1,073,105 52
41,000 existence and put into the banks o f the country coin to
275,000
4.000
52,000
f SO.
371,999 01
48,000 about the amount of 3 million dollars o f silver and 3
253,000
50,000
356,621 22
8,000
* 81.
$395,000 million dollars o f gold, so that about six million dollars of
Total. $2,865,983 77
$28,250 $381,000 $2,059,000
Included in the above payments were $7,750 in silver the gain the Government reports show does not represent
“ a corresponding loss to the banks. Hence there is to b*
•sin, chiefly standard dollars.
Aran. 3, 16S7.J
THE CHRONICLE.
deducted from the 12£ millions o f loss noted above to the
banks about
millions as having gone into the Treasury
(the 7£ millions gained, less 6 millions new coinage) and
another l£ millions net gold as having been exported,
leaving
millions net as the amount sent into the interior
(^Test and elsewhere) during the five weeks men
tioned. Since March 5 and up to to-day the banks have
suffered a further decrease in lawful money of probably
between 8 and 9 million dollars, while the Tre: sury has lost
about 2 million dollars, besides furnishing for the month o f
March through the mines about 6 millions o f new silver
and gold currency; so that altogether the shipments W est
have been very considerably larger per week in March
than during February.
Contrasting these results with the movement for the
game months a year ago we find quite different con
ditions.
The Treasury gained
in its holdings of
gold and silver and legal tenders during the two
months of February and March, 1886, about 16£ million
dollars, so that allowing the same addition as
allowed above for new gold and silver currency
the banks would have lost, by reason o f these two move
ments, say
million dollars, that is 16£ million dollars
less the 12 millions o f silver and gold currency coined; d u r
ing the same months the exports o f gold from New York
were 15£ million dollars; adding this to the above, the
net loss to the banks in the two months would be about
20 million dollars, whereas altogether the loss was only a
little over 25 million dollars, the whole o f the difference
being lost the latter half o f March. In fact, in February
this year the banks sent on an average about 2 millions
a week to the interior, against a gain from the same
source in the same month o f 1886. A ll o f which shows
that the outflow this year has been unlike that o f pre*
vious years and not for temporary first of A pril pur
poses,:—except, o f course, the increased movement the
last of March, which we may presume will shortly be
followed by a corresponding return.
That is to say, the
shipments of currency to the interior, which began last
fall, have been almost uninterrupted since then.
Some light as to the cause and character o f this move
ment of currency may probably be gained by recalling
the conditions prevailing in 18S0. A t that time, it w il}
be remembered the same feature was observed and
remarked upon— that is, an outflow o f currency followed
by no return movement. In our weekly review o f that
year we often referred to it, and in our general retrospect
of the money market made after the close o f the year we
summed up the leading conditions by saying that the year
has been notable for an outflow o f money and no return.
Disappointment was expressed that “ the supply in New
> York did not increase by a return o f funds as it usually
(
had done,” the demand being “ so large in the remote sec
tions of the "West and Southwest that a return c u rre n t’*
was almost wholly lacking. Obviously the reason for it
then was the revival o f business ; for the wide extent of
our country with remote sections in which currency
becomes scarce in quiet times and is scattered anew
at every return of activity, results in two instead o f one
tidal movement— the one is constant every year, a crop
•ffair, and the other periodical measuring the beginning
and end of every depression.
Has not that experience a close resemblance to our pres,
nnt experience?
W e are not only having a revival o f
business but in some respects a peculiar one. Never before
has there been so sudden and complete a change in the one
industry of railroad construction. In 1884 we built only
3,825 miles of road ; in 1885 the total built was reduced
lo 3,131 miles ; the last half o f 1886 activity set in, bring
413
ing the year’s total up to probably about 8,000 miles ; but
in 1837, if indications can be relied upon, these figures are
are to be very greatly exceeded. W e are building with^a
rapidity never before equalled, even by night as well as
by day, and the anticipation is that considerably more
miles o f road will be laid in the current twelve months
than in any previous year.
O f course should a general
business depression occur, this anticipation would not in
full be realized.
But at all events, at the moment there
must be unusual calls for currency in the W est and South
for this purpose and in sections where its return to the
ordinary channels o f commerce must be greatly delayed.
■ . ■ — ..... ..»
,
THE
UNION
PA C IF IC AND
MR.
ADMINISTRA TION.
AD AM S
The U nion Pacific report issued this week, and which
we give at much length on another page, illustrates anew
the careful way in which the financial affairs o f the com
pany have been managed in recent years, or rather sine#
the advent of the present executive. A reorganization o f
its finances was the pressing need, as well as the leading
purpose o f Mr. Adam s when he assumed the Presidency
of the road. That he has been successful in this task
every one o f course knows.
To understand ho v important is the improvement
effected we have only to contrast the state o f things to-day,
with that which existed when the present administration
entered upon its work. The company at that date was
not only embarrassed, but its finances had drifted into a
very confused state. That the directors for the first time
in eight years had found themselves obliged to pass the
dividend, was really the least important matter o f all. Tba
company was burdened with a heavy floating debt, which
in its straitened circumstances was rapidly increasing. It
had also a large amount o f unfinished construction work
on hand, requiring immediate completion.
But where
were the funds to com e from ? Its borrowing capacity
had approached the point o f exhaustion. Banking houses
knew that the concern was hard pressed, its floating o b ligâtions being met with everywhere. A t the same time the
Government was claiming large amounts due under the
provisions o f law on account of past operations, and these
claims the old management had neither the ability nor the
disposition apparently to meet, so that in at least one
branch o f Congress very threatening measures against the
corporation were being put under way. To add to Its
misfortunes, the road’s earnings, as a result o f increased
competition and business depression, were falling off
heavily. 'The market price o f the shares reflected the sit
uation, having dropped below 30. The stock panic that
occurred at this time and the general unsettlement o f
values that it produced, did not help matters any,
It was at this juncture, when all confidence in the prop
erty had apparently vanished, credit gone and bankruptcy
imminent, that Mr. Adam s’ administration began. N oté
now the contrast. The company has not only been placed
in a solvent condition, but its credit is completely restored,
so that it can borrow money on time on most advantage
ous terms. In point o f fact, however, the privilege is not
being exercised, for the report tells us that on the 24th o f
last August the last remaining note of the company then
outstanding was paid, and that from that date to the c losi
of the year the company, for the first time in its history
had no bills payable maturing, though o f course it had
other current liabilities. Moreover, so far from there
being any net floating debt, the amount o f cash and cash
resources on December 31, 1886, exceeded the total o f the
liabilities in the sum o f $1,351,189. Even the grosr
amount o f the current liabilities was only $5,715,134,
414
THE CHEON1CLE.
[V O L. X U Y ,
'which for a concern hke the Union Pacific is certainly not “ from the company.” Perhaps a greater degree of sut.
large.
cess will attend these efforts than has attended the efforts
Comparing this with the amount o f the floating debt in the legislative halls, but the known hostility o f many
gross and net, at the time o f Mr. Adam s’ accession to Congressmen, and the political and speculative influences
office— say June 30, 1884— we get some really striking at work adverse to the railroads, forbid our entertaining
Tesults. A t that time there were no less than $7,205,533 very sanguine views of any proposal, even one having the
o f bills payable alone outstanding, while other items of sanction o f a Government commission. However, the
current liabilities footed up $5,904,487, so that there was need for action is imperative, and if only our legislators
a gross floating debt in the large amount o f $13,110,020. can be impressed with that idea, all other obstacles might
T he offsets were $6,209,842, leaving a net debt of $6,900,- be quickly brushed aside. Concerning the main features
178. On December 31, 1886, on the other hand— only of the contemplated proposal Mr. Adam s speaks as follows.
. tw o and a half years after— the gross debt, as we have
“ Ignoring the original contract, they (the directors) are
already seen, was only $5,715,134, or 1£ millions less than prepared, on your (the stockholders’ ) behalf, to make such an
offer as to the interest upon the Government bonds advanced in
the net debt June 30, 1884, and the offsets against this aid of the construction of the road which shall hereafter
gross debt were $1,351,189 greater than the debt itself. mature, accompanied by a plan for the gradual reduction, and
ultimate payment in full, of the principal of the debt, as they
In other words, against a net debt o f $6,900,178 in 1884 believe cannot but commend itself to the minds of all reason
there was in 1886 an excess of cash items to amount o f able men. On the other hand, your directors will ask the
to meet
$1,351,189, representing an improvement between the two Government to put the company in positionto stand the lia
bilities it thus offers to .incur by allowing it
on an
periods o f $8,251,367. In addition, allowance must be equal footing with its competitors. Those competitors con
made for $916,704 found due by the Court o f Claims on duct their affairs on recognized business principles. They have
the power to construct lines, to lease properties, to consolidate
the earnings of previous years, which the new management other properties with their own, and to contract loans. They
paid, and which really should be added to the amount o f can develop to meet the changing exigencies of the day. The
same powers should belong to the Pacific roads. If they do
the floating debt existing at the earlier date. This added not, the Pacific roads stand at a great and constant disadvan
gives a net reduction of $9,168,071— most assuredly a tage. That they should stand at such disadvantage is cer
tainly not for the interest either of the Government, their
remarkable record. It might be supposed that this large largest creditor, or of the communities through which they
reduction in the floating debt was accompanied by a con run, and whose development depends upon them. No useful
purpose can be subserved by thus crippling great railroad cor
siderable increase in the funded debt. In reality the porations.”
report states the total o f the latter only $323,932 greater
W ith reference to the past year’s operations, the
than on June 30, 1884. Of course this does not represent report shows a surplus above charges and requirements of
the full extent o f the changes in that debt. There were $3,746,368, equal to 6-15 per cent on the stock. But these
some new issues, but through the operation of the sinking figures do not possess the significance they otherwise
funds and the application o f the proceeds of land sales, the would, because they are based on a condition o f things
net increase was reduced to the figure given.
that must in the near future be changed. The charge on
These results become still more surprising when we
remember that concurrently with this reduction in the
floating liabilities large amounts were spent on new con
struction and equipment. During the period in question,
the report says, 316 miles o f new road were completed
and paid for, the bridge across the Missouri at Omaha was
reconstructed on a new and enlarged plan, and all prepara
tions made for changing the gauge of the Utah & N orth
ern, while about $1,240,000 was spent for new equipment.
In a word, it is calculated that in these thirty months
u a sum exceeding $16,200,000 was spent in im proving
“ the condition o f the system, either through extinguish“ ing the floating debt o f the company or paying for new
“ construction and equipment.” A bout $9,650,000 o f this
$16,200,000 it is estimated represents surplus income, and
$6,550,000 the sale of the company’s own bonds in its
treasury, and securities o f auxiliary lines included in the
investment account. Such a showing certainly challenges
Admiration.
The only uncertainty remaining about the Union Pacific,
we have before pointed out, consists in its relations
with the United States Government, and the way these
Are to be readjusted. It had been hoped that the matter
would be disposed of at the session of Congress lately ended,
but, as on many previous occasions, the expectation was not
realized. Mr. Adam s devotes a great deal o f space to
pointing out the necessity for immediate action, and the
harm delay is working, and must continue to work— not
alone to the interests o f the company, but to those o f the
Government and the public. The various measures intro*
duced in Congress, looking to a settlement, having failed
to pass, it is gratifying to hear that the directors o f the
company propose to meet the Investigating Committee ap
pointed by Congress, “ with a distinct and definite proposal
“ for a readjustment o f financial relations which shall be
-“ final— the first proposal o f the kind which has emanated
as
account o f the subsidy indebtedness certainly will be dif
ferent. In calculating the surplus given, the Government
requirement is figured at only $808,033, while the
amount o f interest that accrued against the company on
the subsidy debt is $2,012,370.
A t first sight, this
would seem to require a deduction in the full amount of
the difference of $1,204,337. But in the first place, allow
ance must be made for the increment of the sinking fund
in the United States Treasury, which for 1886 seems to
have been $255,936, and which apparently has not been
taken into account. Then it must be remembered that the
United States Supreme Court has decided that the com*
pany is not obliged to repay the interest on the subsidy
debt till the maturity o f the debt, so that what is required
is not $2,012,370, but a sum which at the end o f ten or a
dozen years shall yield that amount.
Finally, it is
not at all probable that in any arrangement for
the funding of the debt, the rate o f interest will be as
high as the 6 per cent now paid on the bonds— all of
which makes it evident that exact results cannot be
attempted, and that pending a change in the present
methods o f providing for the subsidy debt, it is idle to
speculate either as to the outcome or probable position of
the road under it. F or the same reason an analysis of
the income statement on the basis o f which the $ 3, 746,368
surplus is arrived at, is uncalled for. W e may say, how
ever, that this surplus exists after paying $591,965 for
sinking funds out o f earnings, and that while the
receipts on account o f the Kansas Pacific land sales hare
been taken into the account, the U nion Pacific sales have
not been, the company having from land sales and earn,
ings combined redeemed no less than $1,075,555 bonds
during the year. In short, then, nothing hampers the
Union Pacific in its development and prosperity except
the uncertainty with regard to its relations to the Govern
ment.
A p r il
THE CHRONICLE.
2, 1887.J
CHICAGO B U R L IN G T O N db QUINCY.
The Chicago Burlington & Quincy report has been issued
frhia week— a date considerably earlier than in 1886- The
only exception one can take to the report is that it is not
fuller. Nowhere in it is there any record o f the tons of
freight carried one mile, the number o f passengers carried
one mile, or the rate per ton per mile or per passenger per
mile. Neither is there any information as to train mileage,
o r engine service. In a word, the report is limited sim
ply to the financial results o f the year’s operations.
For these reasons our review o f the road’s doings must
be confined to a study o f the income and financial state
ments. It is a striking commentary upon the success
that has attended the career of this property, that the
company was able to pay full 8 per cent to its stock
holders during all the years o f depression preceding the
late industrial revival and this too on a largely increased
amount of stock. One o f the Burlington & Quincy’s
neighbors— the Chicago & A lton— did the same thing,
but in that case the total of the stock was only about 17£
millions, while that of the Burlington & Quincy is over
76£ millions. It takes no less than $6,110,722 to pay
the 8 per cent dividends on the stock o f the Burlington.
That in the face o f increasing competition, the road
should in 1886 have been able to pay this sum and con
tribute in addition a million dollars to the renewal fund,
besides applying $670,295 (out o f earnings) to sinking
funds and yet have left a surplus of $526,831 without
counting the $846,771 net receipts from the Burlington
& Missouri in Nebraska land grant— that the road should
be able to show such results as this, affords a forcible
illustration of its vitality. To be sure, the property did
just about as well in the year preceding (there being only
a trifling improvement on 1885), and in some other years
has done very much better, but that does not detract in
the least from the favorable character o f the present e x
hibit The following summarizes the fiscal results for
each of the last fourteen years.
Tears.
Mileage
Dec. 81.
1873............
1874............
1875............
1876............
1877............
1878............
1879............
1880............
1881............
1882............
1883............
1884........
1885.......
1886 .......
1,264
1,264
1,297
1,343
1,620
1,709
1,857
2,772
2,924
3,229
3,322
3,467
3,646
4,036
Tears.
1873..
1874.
1875..
1876..
1877..
1878..
1879..
1880..
1881..
1882..
1883..
1884.
1885..
Gross
Op. Exp'ses
Net
Earnings. and Taxes, Earnings.
%
11,405,226
11,645,317
11,738,448
12,003,950
12,580,875
14,113,503
14,779,716
20,454,495
21,176,456
21,550,805
26,110,369
25,483,612
26,556,425
26,728,408
*
6,434,768
6,513,512
6,430,123
6,866,545
7,178,314
7,871,915
7,557,067
9,804,494
11,066,515
11,283,963
13,496,478
14,090,746
14,405,768
14,491,6831
$
4,970,458
5,131,805
5,308,325
5,135,405
5,352,561
6,241,588
7,222,649
10,650,001
10,109,941
10,266,842
12,613,891
11,392,866
12,150,657
12,236,725
Payments from Net Earnings.
Surplus
on Tear's
Interest,
Renewal Operations
Sinking Dividends
Fund.
Funds, &c.
t
2,133,805
2,045,322
2,260,108
2,295,242
2,5J2,410
2,534,980
2,520,524
4,049,109
4,428,368
4,664,003
4,883,941
5,381,950
5,127,864
5,214,514
%
Other
Receipts.
Total Net
Income.
$
$
4,970,458
5,131,805
5,361,238
5,189,249
5,373,140
6,247,750
7,260,039
10,687,553
10,257,635
10,719,34!
12,988,071
11,959,635
12,743,090
12,852,087
52,913
53,844
20,579
6,162
37,390
37,552
147,694
452,499
324,180
566,769
592,433
615,342
Stock.
8
2,576,770
260,083 26,429,563
2,661,089
423,394 27,881,075
2,685,536
415,594 27,512,842
2,749,065
144,942 27,598,242
2,479,715
381,015 27,644,917
2.477.484 1,000,000
235,286 27,956,817
3,081,985 1,000,000
657,530 31,004,457j
4,366,064 1.250.000 1,022,380 54,413,197
4,349,287 1, 000,000
479,980 55,263,700
5,023,599 750.000
281,789 69,649,696
5.566.484 1.500.000
987,646 *71,941,246
5,566,580 500.000
511,105 76,450,146
6,110,572 1,000,000
504,654 76,384,625
6,110,722 1,000,000
526,831 76,386,525
$2>290,000 o f this was lield In the treasury.
25,483,825
26,689,013
27,539,575
27,501,325
30,604,825
30.877.725
30,503,225
54.418.725
59.122.725
68,648,050
77,408,491
77,160,608
76,924,508
79,589,708
The gross earnings are thus the largest in the
company’s history. But the gain on 1885 is only
a
whi c h may occasion surprise, con
sidering that the mileage at the end o f 1886 was 390
416
miles greater than at the beginning. In explanation, it
should be said that almost the whole o f the additions to
mileage were made in the closing months o f the year, and
therefore counted only in small part in the 1886 results.
Taking the average for the two years, we get a total of
3,743 for 1886, against 3,531 in 1885, which shows a much
smaller amount of increase. A n d yet the increase is over
200 miles, or about 6 per cent, while gross earnings have
increased less than one per cent. W e presume the smaller
ratio o f gain in earnings is accounted for by a reduction in
rates, as was the case with the St. Paul, but the report
does not contain any data bearing on that point. The
expenses, like the earnings, are the largest on record, but
with reference to the increase in the late year, it is due to
an augmentation o f about $311,000 in the item o f taxes,
the ordinary operating expenditures having been reduced
$225,000. The net earnings are not the largest ever made.
They are above those of 1885, and considerably higher
than those o f 1884, but over a third o f a million'
($377,000) below those of 1883. The miscellaneous income,
however, has been increasing o f late years, so that the
total net income o f 1886 has been only once exceeded,
namely in 1883, and only $86,000 then.
Tue net earnings o f 1886 ($12,236,725) are greater than
the gross earnings o f 1876 ($12,003,950). In the interval»
however, the mileage has risen from 1,343 miles to 4,036
miles. The expansion in stock and debt is no less strik
ing. In the period from 1873 to 1878 the amount o f the
stock ranged between 26£ and 28 millions, and the funded
debt between 25£ and 30^ millions. In 1880, however,
both stock and debt were increased to above 54 millions.
In 1886 we find the stock at 76£ millions and the debt at
79^ millions. Combined, stock and debt amounted to not
quite 52 millions in 1873, to 61£ millions in 1879, to nearly
109 millions in 1880, and to nearly 156 millions in 1886In other words, in the decade, stock and debt have been
increased over 100 million dollars. But the company has
been able to take care o f it all, and pay besides the high
rate o f 8 per cent on the enlarged amount o f stock.
The increase in the debt in the late year was only
$2,615,200, yet we have seen the company added 300
miles to its mileage. N ot only that, but large amounts
were spent for other construction work and for new equip
ment, &c. In fact, the total outlay for construction and
equipment in the late year is reported at no less than $8,168,315. The question occurs, where did the company get the
funds for these large expenditures? In the first place, the
$2,615,200 increase in the debt, represents merely the net
addition— the gross addition was $2,870,200.
Then the
renewal fund supplied a million. Surplus earnings and the
Burlington & Missouri land receipts supplied $1,373,602
more. Besides this, we find current liabilities o f $4,094,518 on December 31, 1886, against only $2,776,741 on
December 31, 1885, showing that in this way $1,317,777
o f funds was furnished. On the other hand, in the same
period the total o f cash and cash items was diminished
from $9,354,995 to $8,327,686, or $1,027,309, which dis
closes the source o f that much more. Finally, profit and
loss has a greater credit to it, in amount o f $344,243. A d d ing all these various items together, we get an aggregate
o f $7,933,131, which comes very close to the $8,168,315
outlay. It was recently reported that new bonds for a
large amount— $11,000,000— had been negotiated, and
this o f course will put the company in ample funds.
In one particular, the Burlington & Quincy’s operations
have always been unsatisfactory, and in that particular
there has been but little improvement in the late year.
W e refer to the small direct return received on the invest
ments in other roads. In the purchase o f the Hannibal &
416
THE CHRONICLE.
St. Joseph, the Kansas City St. Joseph & Council Bluffs,
the Chicago & Iowa, and various other roads, the com
pany has spent over 26 million dollars. A s far as we
can see, thje only return ihis investment yielded in 1886
was $263,075, being the 5 per cent dividend on
the Council Bluffs stock held, this form ing part
o f the $615,342 miscellaneous income above.
We
referred
last
year to the fact that
in
1885
the properties
represented by
this
investment,
netted a surplus above operating expenses and interest on
their outstanding liabilities not owned by the Burlington &
Quincy, o f only $170,000, against $700,000 in 1884, and
$1,000/000 in 1883. In 1886 there was apparently a
recovery sgain, and the surplus is stated as amounting to
$790,000— that being absolutely all the information fur
nished about these lines. The only effect, however, o f
th e larger surplus, was to give the Burlington & Quincy a
dividend o f 5 per cent on its Council BlufEs stock, instead
ef
per cent as in 1885, and raising the amount
received from that source from $131,500 to $263,000.
O f course, it is to be supposed that the Burlington &
«Quincy gets indirect benefits— either in protecting its
traffic, or adding to it.
B U L G A R IA A N D T H E P E A C E O F E U R O P E .
There is something peculiarly interesting in the present
«ondition of Europe. It is only a few weeks since war
on a large scale seemed an absolute certainty. In the
interval there has been no radical change in the situation.
W ith the single exception that the German Parliament
has acquiesced with the demands o f the Government in
regard to the increase of the strength of the army, and
the extension o f the term of service, things are very much
as they were. Y e t how completely the war talk has
ceased I
H ow changed is the tone o f fe e lin g ! The
aonviction is as general to day that there will be no war—
none, at least, for the present year— as it was some weeks
ago that war was imminent, and unavoidable. It is only
a day or two since Prince Bismarck said, “ T w o months
tf ago I feared there would be war.
Now, I do not.”
W h at does it mean ? W h at is the secret o f this feeling
o f security ? Does it mean that war is dreaded for its
possible consequences, and that not one o f the Powers is
willing to run the risk o f precipitating hostilities ? Or
that there is a disposition on the part o f each to maintain
the status quo f Or that an understanding has been come
to by some o f them to allow certain possible changes to
g o unquestioned ?
There are many reasons why, in our judgment, an affir
mative answer could not be given to the last question.
There are at the present moment three disturbing centres
— Bulgaria, Alsace-Lorraine and Egypt. W e know well
that the only Pow er which is giving the British trouble in
E gypt, directly at least, is France, and we know that no
definite understanding has been come to between those
two peoples. A s to Alsace-Lorraine, all talk about pos
sible cession to France on easy terms has ceased; neutral
isation has been pronounced by Prince Bismarck « a de“ lusion;” and the autonomous arrangement established
in 1879 is to be abolished. The extinction o f the auton
om y o f the provinces, and the relegation o f the legislation
to the Reichstag, as it was prior to 1879— such is Ger
many’s answer to the revanche party in France and to
the pro-French party in what the Germans call Reichland. Between France and Germany, it is safe to say,
there is no understanding. Then as to Bulgaria. The
parties most immediately interested in the settlement of
affairs in that country are Russia and Austro-Hungary.
Russia has not abandoned her purpose to have the settle
[V ol. X L T ?.
ment made in her interest, and the Austro-Hungarian
people, even more than the Government, are as resolute as
ever that Russia shall neither occupy Bulgarian territory
nor set- one o f her own tools on the Bulgarian throne.
There is really no fresh European concert, either o f a gen
eral or o f a special kind.
A s to the second question, whether the present prevail*
ing peace sentiment implies a disposition on the part of
the different Powers to maintain the existing arrange
ments, it is equally impossible to give an affirmative
answer. The status quo? so far at least as some o f the
Powers are concerned, and those the most interested
in disturbing it, is maintained rather in spite, than
because, o f any disposition in its favor. The most natural
explanation o f the peace sentiment is that, in present
circumstances, war is dreaded for its own sake, and because
o f its possible consequences. A war arising out o f any
o f the existing causes o f discontent could hardly fail to
assume large dimensions and to involve most o f the great
Powers; and the presumption is that it would materially
affect the present national boundary lines. It is because
no one is willing to take the initiative, and for no other
or higher reason, that the peace o f Europe is for the
present secured.
It is not to be denied that there is much room for
gratitude in the fact that peace has been secured, no
matter what the cause. It would have been more agreeable, however— a cause fo r greater satisfaction— if some,
at least, o f the disturbing factors had been removed bht
o f the way. But they are n o t ; and it is morally certain
that they will continue to be a source o f irritation. No
one is disposed to associate a European war with any pos
sible complication in Egypt. France, as has been said, is
the only nation really opposed to English occupation.
But France to obtain the mastery on the banks o f the
Nile will not come into collision with such a power as
Great Britain, and if it should happen that at any time
united Europe should ask the British to withdraw theiir
troops from Egypt, and to give up their special control
in that country, we have little doubt that they would
gladly enough com ply with the request. Alsace-Lorraine
is likely to become less and less a disturbing question si
time rolls on. It is impossible, however, to doubt that
the return to the status prior to 1879 will create much
bitter feeling both in the Provinces and throughout
France. The joint provinces were enjoying a sort of
Hom e Rule. It had been given them as a peace-offering.
N ow it is to be taken from them.
Think of
Hom e Rule being granted to Ireland, and taken
from her after the lapse o f eight years 1 It is but
little likely, however, that the sentiment in Alsace and
Lorraine and the sentiment in France will take any
stronger shape than that o f complaint, unless war should
be provoked by complications in another direction.
If, however, we have sympathy for the people in Alsace
and Lorraine, we have even greater sympathy fo r the people
o f Bulgaria. Their situation is truly pitiable. Bullied by
Russia, and denied the right by that Power to have a
Prince o f her own choosing, the other Powers lookiog on
meanwhile and refusing to interfere, Bulgaria is in ths
position o f a man with hands and feet tied.
In such a
situation it is impossible but that things will reach a crisis
— such a dfisis as will imply domestic despair and domes
tic ruin, and as will compel interference. Is not the pre
sent state o f things in Bulgaria a disgrace, not to Russia
only, but to all the European Powers.
I f Russia will not
allow the people to manage their own affairs in their own
way, there is just cause for a Conference. A Conference
we know, is dreaded; but it is demanded in the interests
of justice, and whatever might be the inconveniences
attending it, it might prove to be the easiest way out of
a great and serious difficulty.
F IN A N C IA L R E V I E W OF M ARCH.
The money market worked a little closely in March, the
bank reserves were low, and the rates to stock borrowers
sometimes rose to 7 per cent. On the 5 th o f the month
the surplus of the New Y o rk City banks was $9,088,055
and on the last Saturday, the 26th, it was $6,186,850.
The adjournment o f Congress on the 4 th relieved the
business community from the usual apprehension o f legis
lation on financial and commercial matters, and left the
Inter-State Commerce law and the Trade Dollar Redemp
tion law as the chief mementoes o f the session.
The Bank of England rate was reduced from 4 percent
to 3 i on the 10th, and again to 3 per cent on the 24th.
Foreign exchange rates were easy in our market, and
weakened so far that all fear of gold exports was removed
for the present, and it was generally believed that the
outward movement o f stocks and bonds to the foreign
markets was considerable.
A t the Stock Exchange business was exceedingly dull
and lifeless during mo3t o f the month. There was little
animation in stocks, and speculation was held in check by
some apprehensions of a temporary stringency in money,
and also by uncertainty as to the working o f the InterState Ccmmtrce law. Towards the close o f the month
there was more activity, but this was mainly in specialities,
which were pushed up one after another by the different
cliques interested in them. The tone was strongest near
the close of the month, and the outlookV as then promising.
Among the railroad events, the famous Baltimore &
Ohio negotiation was facile princeps. This was a reported
proposition for a sale by Mr. Garrett o f a majority inter
est in tie stock o f that company, and it became the talk of
the market for ten days or more, and at the close of the
month was still supposed to be pending. The Chicago &
Atlantic and the Pittsburg & W estern reorganization plans
were announced ; the Mexican National loan was offered
in New Y ork and London ; the Chicago & Eastern Illi
nois stock was bought in the interest o f Atchison ; the
Wabash purchasing committee were put in possession of
the lines west of the Mississippi on giving their bond to
pay the receivers’ certificates ; the period for depositing
securities under the Reading plan expired March 31, and
it was found that a very large proportion o f the stock and
bonds had been deposited.
The following summary shows the condition o f the New
York City Clearing-House banks, rates of foreign exchange
and prices of leading securities and articles of merchan
dise, about the 1st o f April, 1885, 1886 and 1887.
•TATISTICAL 8ÜMMAET ON OR ABOUT APRIL
1885.
Mew York Oily Banka—
jA>ana and discounts...
417
THE CHRONICLE
A pril 2, 1887.]
I , 1885. 1886
1886.
AND
1887
1887.
1885.
Illinois Central..........................
Chicago & Northwestern, com.
Chicago Milw. & St. Paul, oom.
Delaware Lack. & Western . . .
Central o f New Jersey.............
Merchandise—
Cotton, Middl’g U plands.$ fi>.
W ool, Amerioan X X ........ $ lb.
Iron, Amer, pig,-No. 1 . . $ ton.
Steel rails at m ills....................
Wheat, No. 2 red w in .$ bush
C om , West. mix.No. 2 . ÿ bush.
Pork, mess.......................18 bbl.
Petroleum pipe line certiflo s
^
March.
1„
2 ..
3 ............
4 ..............
fi..............
6
7 __
»
9 ............
1 0 ...
11__
1 2 ...
1 3 ...
14..............
IR..............
16..............
17 ..
18..............
x l0 9
109 128
109 128%
___8.
109% 128% . . . . .
108 7s 128%
109*e 128% . . . . .
109*8
109*8 128 %
___ S.
128%
Closing
R ailroads .
J a ri.‘ i .
s
Albany & Susa . . . . . _____
Atchison Top.<& 8. Pe .........
Atlantic & PaoitLo...
11*8
Bost.ife N.Y.Air L. pt. *101
Buff. Roch. & Pittsb.
34
Burl. Cedar R. < N o.......... ...
fe
Canadian Pacitio . . . .
62%
Canada Southern. . . .
55
Cedar Falls & Minn. *15
Central Iow a............ tl5
Central of N. Jersey.
65
36%
Central P a citio .........
Ches. & O h io .............
*8 *a
Do
I s tp r e f.
15%
Do
2d pref. *10
Chicago & A lton .....................
Ohio. Burl. 9 Quincy. 137%
Chic. Mil. & St. Paul.
87%
Do
pref. 117%
Ohio. & N orthw est... 1 1 1%
Do
pref. *138
Chic.& R ock Islan d.. 125%
Chic. St. L. & P ittsb.
17
Do
p ref. *34
Ohio. St.P. Minu.Jc O.
46 %
Do
pref. *106%
Cin. Iu d .S t.L . & C h .
98
Cin. Wash. & B a lt ...
*5%
Do
pref.
*8%
Clev. Col. Cin. & Ind.
60%
Clev. & Pittsb., guar..............
Col. Hock.Vai. & Tol.
35
Del. Laek. & West’rn. 133 %
Den. & R. G., ass pd.
24%
Do
pref.
60 %
Denver & R io Gr. W..............
Det. Hilled. & So. W..............
E. Tenu.Va.& Ga. R y
13%
Do
Istp re f.
72
Do
2d pref.
23%
Eliz. Lex. & Big S ..............
Evansville < T.~B.................
fe
Ft. Worth & Denv. C..............
Green B.WHL& St. P. *12
Houst. & Tex. Cent...............
Illinois C entral......... 133
Do L’sed Line 4 p.c .........
Tnd B1.& W., ass. p d ..............
$
M exican C entral. . . .
Michigan Central.. . .
Milw. L. Sh. & West.
Do
pref.
Minneapolis & St. L..
Do
p ref.
Mo. Kans. & Texas ..
Missouri Pacitio.......
Mobile & O h io ...........
Morris & E s s e x .........
Nashv. Chatt. & St. L.
N. Y. Cent. & Hud. R.
N.Y.Chlo. & St.L ,ass.
Do
pref., as«.
**.Y. Lack. & W e st..
!£im e paper,' s'G't'y days'.
«dyer in London, per o z ...
F n i 3 ex?,tT 1 ^g h m >60 days/.'
Slates1Bonds—
os, registered, option U. 8 . . .
6s, currency, 1898.......
4 t» 1891,c o u p o n .... "
8,
*8 011907, c o u p o n ....
Mtolroad Stocks—
X ?rk Central & Hud. Riv.
f * ® (N- Y. L. E. & W .).........i
ifHJ® Bkere & Mich. Southern.
Michigan Central............
^Uaiffagrt Roofr Ulanrt * pVnlfle
495
49d.
4 851«
4 87
6,186,850
399
596
44d.
4 851«
100%
133
100%
1341«
1121«
126
100
134%
10978
128 «g
891«
123»
1023g
112%
1121«
1211«
601«
67
113
261«
821«
681«
125
34
96
93%
127
136%
.........
138%
136%
Mareh.
MARCH, 1837.
3s,
6s.
4%s, 4s, opt’ n Our.
1891, 1907, JT. S. 1899,
coup. coup. reg. reg.
19..............
2 0 ..............
2 1 ..............
2 2 .............. 109
2 3 .............. 109 128%
2 4 ..............
2 5 ..............
2 6 ..............
1287a
2 7 ..............
2 8 ..............
29
....................
. . . . . . 129%
30
....................
129%
31.............. 109%
x l0 9 128
H igh.......... 109% f29%
LOS7« 128
Clos............ 10J78 129%
136%
136%
1367»
136%
136%
RANGE OF STOCKS IN FEBRU ART AND MARCH.
Surplus reserve......... ..
o
^
, Silver—
1% ® 3%
3 >«94
46 78
129
120%
93
13478
73
The following table will show the lowest, highest and
closing prices o f railway and miscellaneous stocks at the
N. Y . Stock Exchange during ,the mouths of Febuary and
March.
Kingston & P em br................
Lake S hore............. .
92
Long Is la n d .............. *94
Louisville & Nashv..
61
Louisv. N. A. & Chic.
60
Memhattan, consol... 155 %
Manhattan Beach Co.
16
Memphis & Cha’ston.
58
12,797,150
1887.
;
10%
11*8
9*18
33939
35%
35
18 0 0 9 1 8 50 18 0 0 9 1 9 50 *21 0 0 9 2 2 CO
26 0 0 9 2 6 50 34 0 0 9 3 4 50 39 0 0 9 3 9 50
9 l% 9 9 3 %
90
92% ® 94%
49950*2
48% ® 49%
46 9 4 7 %
16 00
13 0 0 9 1 3 25 10 5 0 9 1 0 75
72%
03%
81
6s,
3s,
4%*, 4s, opl’n Our.,
1891. 1907, T . S. 1899,
T
coup. coup. reg. reg.
300,981,200 356.058.600 365,403,000
104,752,800 79,084,600 79.602.700
10,899,700
7,989,600
7,647.800
353,443,900 380.264.600 374,702,200
32,029,900 28,778,700 20.259.700
$ 88,360,975 95,066,150 93,675.550
136,782,700 107,863,300 99,862,400
48,421,725
■
139%
107%
88*8
126%
48%
CLOSING PRICES OF GOVERNMENT SECURITIES IN
Bpslie...............
d r xlation.. M.**’ *** *"
_
Net deposits................
Legal tenders.
Legal reserve....................
Reserve held.....................
1830.
125%
94*8
70
106%
32
.........
87
171
HOO
*17%
42
28%
105%
15*8
140
182
111 %
10
20
105%
* Prices bid. I Prices asked
,— :—February.— ■ . ^-----—March.------—
Low- High- Closing Low- High- O hs’g
est. Mar. 3 l .
(St.
est. Feb. 2d. est.
1 4 )% 110% __ _
97% 106% 105
96%
99%
13%
11%
1.1%
12%
127»
10%
4)9
*101
102
101
102
§99
42
42
66
34
42%
6447
47
62%
63%
61%
62%
597a
59%
59
5tì%
02%
52%
62%
60%
15
17
16
16
18
10
10
11
10
11
15*4
71%
72%
63%
73
68%
67
35%
39%
33
38%
36*4
40*8
9
8
9%
*8
*7%
8
14%
15% *15
14%
16%
14%
9
9%
10% * 9%
10% *10
146%
143
145
114
140
137
140% 138*4 1 37 % 140
85%
91% §<9% 59 4% §92%
92%
117% 121% *120 § 118% 122*4 §422
110
116*8 114% 114*8 121% 120%
4140 4149% §146
142 *141
139
125% 126% 126% 124% 127
126
16
19%
18% *17
19
16*4
38
37
*38%
41%
41
45*4
51%
45%
50
48
48%
51%
112% 112*4
106
109*8 108*4 108
97% 104
101 %
" 99
101
5%
*5%
5%
6%
5*4
4*4
10
7%
9%
*9
8
*8%
62
65%
5*
65
64
65%
152%
150% 151*4
144
34
37%
3>%
28%
32
35%
131% 137% 135*8 132% 136% §134%
25%
24%
30%
30%
26
21%
64%
61%
04%
56%
60%
59%
21%
19
20
20
20
. . . . . . ....... .
79%
79%
12%
14%
13%
12%
13%
13*4
76%
77%
73
74%
76%
71*4
26
21%
26%
25%
23
*25
15%
15%
15
15
84
86%
86
88
83*8
24%
42%
42 %
21%
24%
24
16
12%
12%
13%
15%
13*8
221
233
220
225
37
40%
4Ò
132
129
132% 5129% 129
i t 28%
93%
93
93
93
97
22%
27
27
17%
18*4
18*4
10
10
38%
43 %
43*4
90
93%
95%
94%
96*8
96*4
97%
95%
97
94%
98
97*4
66%
62%
66%
60%
57
61*4
60*4
63%
63% ......
60
63%
157% §155%
155% 157% 157*4 §155
15%
17
10
16%
55
58%
57%
57%
55
59*8
200
2v0
15% *15%
14
Ì4 %
14%
93%
89%
88%
91
86
93*4
75%
75%
75
68
90*8 <87%
111% 110%
103% 102
99
104
17%
17%
19% *18
19%
19%
44%
42
40%
44%
44%
43%
32%
30
32%
26%
32%
31*4
104% 110*8 108% §10 >% 109% §108.%
16
17
15
16%
14%
17*4
138% 141% 13 d % 127% 138*« *137
85
à5
83
83%
79%
86%
110
114*8 112% §111% 113% §112%
19%
20
11%
7% t. 46%
6%
32%
32%
27
23
19%
18%
105% 105% 105%
107%
105
§ Ex-dividend.
% Ex-rights.
THE CHRONICLE
418
■March.--------- >
-F ebruary.------ Closing Low High.- Closing Low High- Olos'g
est. Mar. 31.
est. Feb. 28. est.
est.
Jan. 31.
34%
30%
29%
33% 33% 34% 34%
N. Y . Lake Erie & W
73
73%
72%
70%
74%
65%
661»
Do
pref.
65%
66
59%
61%
62%
55%
56%
N. Y . & New Engl’ d.
220 %
210
221
214
208
N .Y .N . H .& H artf’rd
18%
18%
17% 17% 18%
15%
N. Y . O n ta r io * W ... *17%
13%
12%
12%
14
13%
11 % 11
N. Y . Susa- & W e st..
36%
37%
36% 34%
38%
31
321»
Do
p r e f...
21%
19%
22
21%
22
17%
101»
N orfolk & W estern..
50%
47%
51
47%
49%
' Do
p r e f ...
WM K 43%
45*e
28%
28%
27%
28
28%
26%
26 %
Northern Pacitlc.......
60%
60%
58
60%
59
56%
Do
pref.
56%
31%
31%
27
28%
27
22 %
23%
Ohio & M ississippi...
93
93
93
Do
pref..
20%
20%
17
18
18
Ohio Southern...........
29%
29%
26
28
28%
28%
Oregon Short Line ..
33%
32% 30% 33% 33%
Oregon * Trans-Con.
80% 29%
35%
34%
32%
35%
36%
381» 32%
Peo. Deoat. * E’vllle.
39%
39%
36%
37
39%
34
367s
Phila. * R e a d in g ....
146% 147% .........
145%
145
Plttsb.Ft.W.&C.guar. 145
170
.........
167
167
167
Rensselaer & Bar.......
1 0 % .........
5%
10%
8%
11%
R ic h .* Al. st’k, tr. ot.
41%
43%
42%
37%
47%
41%
42%
R ich m on d * West Pt.
75%
72
78
77
81%
77
79%
Do
pref.
4%
4
Rochester * P lttsb..
85
85
87
89
SO
Rom e Water. * Ogd..
30
30
St. Jos. & Or’nd Isl’d
23
24%
21
22 % 25
22 %
St. Louis Ark. * T ex.
33% *33
30
34
*31
32
St. L. Alton * T. H .. *31
30
32% *31% 31% 34% 33%
St. L. & S. Francisco.
70%
68%
65%
65
61%
* 68
65%
Do
pref. M * "
116% 115%
113
Do
1st pref. $112% 112% 113% 113
62
59%
62%
61%
63%
57%
St. P . & D u lu th ............. 58
109%
107% 110
109% 109
Do
pref. 108% 108
‘ 117
119
119% 116% 115
St. Paul Minn. & Man . . . . . . 113
15
15
9
15
13
South Carolina R R ................
34%
29%
35
85%
35
Southern Pacific Co.. . . . . . .
30%
30%
26
29%
28%
20
Texas &Pao., ass. p d ..............
35
34
Tol. & Ohio C e n t....
55%
58
58%
57
58%
Do
pref.
15
15
Utah Central...........................
121
121
U tica & Black River. .........
56%
61%
61%
59%
57%
53%
Union P acific............
66%
35
40
35
35
Virginia Midland...................
Wab. St. L. & P ao—
19%
19%
16%
18%
19
13%
13%
Pur. Com. reopts..
34
33%
30%
29
31%
23%
Do
pref . . ■ 26%
Telegraph.
96
96
Oen. & So. Am. T el................
77%
70%
74%
73%
78%
76
Western U n io n ......
71%
E xpress.
142% 145 *143%
143
146
142
Adam s......................... 144
108% 110 *109
110% 109
A m erican................... 108% 108
63
*62%
62
64
64
62
United States............
63
129
127% 129% 127%
130
127
W e lls .F a r g o * C o .... *127
Coal and Mining .
45%
44%
47%
45%
44%
48%
Camer. Iron * Coal.
46%
41%
42
37
38%
39%
35%
Colorado Coal & Iron
36 %
24
24
23
21
Consolidation Coal................
46%
46%
37
36%
35%
37%
Colum. * Hook Coal . . . . . .
15%
14%
13%
15
13%
Hom estaxe M ining..
14
13
15
14
14
M aryland C oal.........
72%
72%
71%
72%
71%
68
N. Y . & Perry C oal..
14
12%
16
17%
13%
New Central C o a l...
26
26
25
25
Ontario Silver Min ..
276
275
Pennsylvania C oal..
*5%
*6%
7%
7%
0%
6%
*6
Quicksilver M in in g.
31% *28
&31 *§30
30%
*30% §29
Do
pref.
41
47%
47
49%
47
45
46
Tenn. Coal & I r o n ...
V arious .
59
59
Canton C om p a n y ....
83%
86% *85%
86%
84
83%
84%
Consolidated Gas Co.
101%
Del. * Hud. C an al... 101% 100% 103% §101% 100% 102
117%
117
128
116
Equitable Gas L. Co.
132
*135
140
140
120
Joliet Steel Co..........
42
41
43
38
38
Oregon Improv. C o ..
§99% §103 §102%
96% 102% 102
97%
Oreg’n R ’y & Nav.Co.
57%
53%
49%
5(508 55%
55%
50%
in
107
115
107
108
105
110
153% 152%
Pullman Palace Car. 146% §143% §147% §146% 146
R
[VOL.
3d week o f March.
a il r o a d s .
• P rices bid.
t Prices asked.
$ E x-dividend
tf Ex-rights
BANKERS’ STERLING EXCHANGE (POSTED RATES) FOR MARCH,
Mar.
60
days.
De
mand.
1 . . . . 4 85%-6 4 88%-9
2 . . . . 4 85 %-G 4 88%-9
3 . . . . 4 85%-6 4 88%-9
4 . . . . 4 85%-6 4 88%-9
4 88%-9
5 ....
6 ___ ....... s.
4 85% 6 4 88%-9
7 ..
..
4 85%-6 4 88%-9
8 ..
..
9 . . . . 4 85% 4 88% f
4 88
1 0 .... 4 85%
4 88
1 1 . . . . 4 85%
4 88
1 2 .... 4 85%
Mar.
1 3 ....
1 4 ....
1 5 ....
1 6 ....
1 7 ....
1 8 ....
1 9 ..
2 0 ..
2 1 ....
2 2 ....
2 3 ....
2 4 ....
60
days.
.........S.
4 85-%
4 84%-5
4 84%
4 84%
4 84%
4 84%
..
..........S.
..
4 84%-5
4 85
4 85%
4 86
D e
mand.
4 87%-8
4 87-%
4 87
4 87
4 87
4 87
Mar.
60
days.
1887.
De
mand.
2 5 .... 4 86
4 88%
2 6 .... 4 86
4 88%
2 7 .... ........... S . .. . . . .
2 8 .... 4 85%-e 4 88-%
2 9 .... 4 85%-6 4 88-%
4 88
3 0 .... 4 85%
4 88
3 1 .... 4 85%
4 87%
4 87%-8 R ’nge —
High 4 86
4 88
Low. 4 84%
4 88%
B A IL R O A D E AR N IN G S.
4 89
4 87
Prev’ly rep’ted (21 roads) |
Burlington. 0. R. & N o ... I
Chicago & East. Illinois. 1
Chicago & West M ic h ___1
Cin. Tnd. St. T,. * C .........1
Cin. N. O. & Texas P ac—
New Orleans & N. E —
Vicksburg & M eridian..
Vicksburg Shrev. & Pac.
Cincinnati Rich. & Ft. W.
Cincinnati Wash. & Balt.
Cleveland Akron & C ol..
Col. & Cin. Midland.........
Des Moines & Ft. Dodge.
Detroit Mack. & M a rq ...
Evansville & India’polis.
Evansville & Terre H ___
Flint & Pere M arquette..
Florida R ’way & Nav. Co.
Ft. Worth & Denv. C ity..
Grand Rapids & Ind. . . .
Grand Trunk of Canada..
Indiana Bloom. & W est..
Lake Erie & Western. . ..
Louisv. Evansv. & St. L . .
Louisville & Nashville . ..
Marquette Hough. & On.
Memphis & Charleston ..
Minnesota & Northwest.
Norfolk & W estern...........
Ohio & M ississippi...........
St. Jos. & Grand Island..
St. Louis Alton A T. H. . . .
St. Louis Ark. & Texas ..
Tol. Ann Arbor & No.Mich
Wheeling & Lake Erie—
Minn. St. Croix & W is..
Wisconsin & Minnesota
Total (63 roads).........
Net increase (16 ‘40 p.ct.)
1887.
Increase.
1886.
$
9
1
1,752,769 1,557,796
55,482
61,0671
17,057
11,646
44,001!
37,616
30,236 j
28,198
53,195
50 ,7-0
53,137
52,993
26,374!
20,980
10,665
10,050
9,095
9,424
6,393
7,439;
9,664
7,282
44,453
37,958
10,403,
9,308
4,343
5,809
7,841
7,353
3,720
3,120
82,366
89,427
3Í134
5,724
14,759
18,329
46,261
53,933
21,752
19,318
6,089
16,522
50,356 . 39,463
311,593
360,782
64,529
50,000
21,211
34,230
18,481
24,716
247,215
285,520
7,692
6,417
30,697
27,299
6,316
19,319
59,637
68.407
97,503
73,027
26,091
36,032
21,389
30,473
16,134
17,740
32,400
49,055
6,552
11,585
10,726
13,734
27,584
39,971
9.964
4,318
3,329
18,067
3,611,844
$
198,7911
5,585
5,4111
6,385¡
2,038
2.415
3,102,976
S P to ttje ta v g s © o m m e r c t a X
■*5)394
1,046
2,382
1,095
1,466
600
7,061
2,590
3,570
7,672
2,434
10,433
10,893
49,189
14,529
13,019
6,235
38,305
1,275
13,003
8,770
24,476
9,941
9.084
1,606
16,655
5,033
3,008
12,387
5,646
14,738
¡
524,160|
508,8681
XL1V 4
Decrease.
9
3,818
............
144
615
329
.............
6,500
........
488
......... m
m
3,398
............
15,292
............
g u fílt s lr l^ e w B
[From our ow n correspondent.!
L ondon, Saturday, March 19, 1887.
Compared with some previous periods the week just con
cluded may be considered to have been characterized by
political quietude. The abortive attempt on the life of the
Czar of Russia cannot be said to have had any significance
outside his Dominions. The relations between France and
Germany are not more strained than they were, and the status
quo in Eastern Europe is unchanged. The fact that we have
got through another week without any indication of a fresh
catastrophe naturally increases the belief that peace will yet
be maintained, and that the war which might result, and
probably would do so, in the re-arrangement of the map of
Europe, will not be commenced this year.
Confidence, which is always of slow growth, is certainly
increasing in commercial circles, not that any particular
movement has taken place in trade during the past few days.
Business generally is looking up, the improvement being pretty
evenly distributed among hardwares and textile manufac
tures, and there is hope of a continuance of the expansive
movement. Greater animation is also prevalent in the speculative sections of the stock markets and the metal exchange,
but there does not appear to be much inclination to dabble in
produce. The position is without doubt improving, and when
the prolonged winter is terminated and spring is upon us, we
may witnesB something approaching to real animation. The
steady contraction of balances shows that capital is distributed
over a larger area and is more generally employed in the
extension of trade. There are not so many bills floating about
just now as is usually the case in trade revivals, but this
may be in some measure accounted for by the greater popu
larity which telegraphic transfers for settlement of accounts
and the issuance of short credits instead of long-dated bills are
now acquiring. The method of conducting commercial affairs
has been in a measure revolutionized of recent years, thanks
to the rapid extension of the telegraphic and the railway
systems of the universe, and the more general employment of
steam-shipping.
W ith Australia now brought within five
weeks’ steaming of the United Kingdom, and with greater
facilities for the sale of produce, the necessity for long credits
The complete statement of earnings for the third quarter of
March makes an even better showing than the partial state
ment prepared last week. Then the ratio of increase was only
123^ per cent; now it is nearly 16J^ per cent.
The later
exhibit covers sixty-three roads, and though a few roads report
a falling off from last year, the total decrease on them all is
only $15,292, while the aggregate of the gains is $524,160,
making a net increase of $508,868. Am ong the roads specially has ceased.
The financial year is rapidly drawing to a close, and the
distinguished for their gains are the Chicago & Atlantic, the
Louisville New Albany & Chicago, the Milwaukee Lake Shore actual results are now looked forward to with some inter
fy Western, the Milwaukee & Northern, the Peoria Decatur & est. Judging from the state of affairs on March 12, there is
Evansville, the St. Louis & San Francisco, the St. Louis no reason to apprehend they will be otherwise than satisfac
tory— that is, of course, taken as a whole. The estimated
Arkansas & Texas, TJ e F >rt W orth & Denver City, the W is
revenue for the year 1886-87 was £89,869,000. Up to March 1$
consin Central and tl * Oaio & Mississippi.
A p r il
2, 1887.J
THE CH RONICLE
419
the receipts were £85,103,885. The weekly average for the cent for the half-year was deolared. The profits were shown to
past two months has been £2,400,000. Supposing this rate to be £718,370, and after providing for the dividend, the “ rest,”
be kept up during the last nineteen days of the year the esti which at the close of the financial half-year was £3,750,296,
mates would be considerably exceeded. Comparing the re will be £3,222,636. The dividend being in exoess of the cor
ceipts to date with those for the corresponding period of the responding half of last year, when 1% per cent was paid, will
past financial year, we have some very satisfactory results. have to be formally confirmed by ballot.
The excise certainly has not shown any elasticity; on the con
The rates for money have been as follows :
trary, instead of an increase there is a deficiency of £291,000.
Open market rate*.
The receipts so far have been £23,964,000, and it is hardly
lntere*t allowed
for deposit* by
probable that the estimate of £25,694,000 for the current year
Bank Bill*.
Trade Bill*.
'.ondon
will be reached. On the other hand, however, income tax
Joint Disc
Three Tow
Six
Three Tour
Six
Stock At
exhibits an increase of £1,150,000; the customs receipts are
Month* Month» Month* Month» Month> Months Bank*. Call.
about £330,000 heavier, and there are also encouraging gains
Feb. 11 4 294® - 894® - 894« - 3J4@4 3)4®i 3)4@4
2)4 254-854
2)4
under the heads of stamps as well as the postal and telegraph
“ 1814 3)4® - 3 & —8J4® - 3)4« 4 3)4®4 8)4@4
a* 8 4 9
5 -8 4
2)4
“ 25 4 ?K S 3 * 8 @3)4 3 ® - 314*4 31494 314® 1
services. The only weak point in the accounts seems to be
8)4 354-8*
8)4
814 894-894
2)4
the excise, but if we are to infer that the diminution in the Mar. 4 4 3H 9 - 3143 - 3 @ - 3)4 ; 4 314@‘J 31494
“ 1 1 S ^ 894® - 214® - 2149 - 3 6- 8)4 3 ©3)4 3 @3)4 a
1 J
8 a*-**
receipts from this source marks but another step towards
“ IS. 3H 8943 - 214® -'394® — 3
©3)4 3 @3)4
a
2
growing national sobriety, we have no reason to cavil at it,
The following return shows the position of the Bank . *
especially as there will be larger amounts of capital available
England, the bank rate of discount, the price of oonsols, & o.,
for the development of other and more legitimate interests.
compared with last three years :
The Railway and Canal Traffic Bill has been read a second
time in the House of Lords, and there is now reasonable hope
1887.
1886.
1886.
1884.
that it will become law during the present Parliament try Circulation, excluding 7-day and
£
£
£
£
other bills... ............................... 23,336,900 83,619.665 88.348,545 24,083.165
session. It is essentially non-political, and is devised and pro
Public deposits............................... 10,506.806 9,738.870 12,354.401 12,946,357
moted with the laudable endeavor to resuscitate our flagging Other deposits................................ 23.064.103
25.493.8?8 34,783,574 82.988,937
industries. The argument that because some £800,000,000 havo (Government securities................... 14,136,141 14.560.319 14,651.801 12.453.013
been sunk in the development of the railway system of the Other securities.............................. 21,436.104 24,567,616 28.701.003 34,931,178
Reserve of notes and coin............. 16.470.951 14,585,426 18.270,443 16.979,869
country an unassailable monopoly has thereby been created, Coin and bullion ........................... 24,057,851 98,455,091 25,868,987
25,253,434
hardly holds good. National interests must receive first con Reserve to liabilities.................... 48*84 p. o. 41)4 P.0.
49 p. o.
47 p. <•
•
Bank rate .......................................
8)4 p. 0.
a p.c.
3)4 p. o.
3 p. o .
sideration, and if it be shown that the home trade is suffering Consols...........................................
I01)4d.
10094d.
93)4d. 101 15-lBd.
from the excessive charges for the carriage of goods whilst Clearing-House return.......... ........ 138,916,000 131.098,O i 123,(96,000 183,946,000
n
the competition of the foreigner is fostered and encouraged
The Bank rate of disoount and open market rates ai ¡the
by the granting of preferential rates, then it is indeed high
ohief Continental cities now and for the previous three weet-g
time that some drastic measures should be adopted, whereby
nave been as follows:
home enterprise shall be allowed to escape from the severe
handicapping to which it is at present subjected. Besides,
Mar. 18.
Mar. 11.
Mar. 4.
Feb. 85
Rate* of
the companies themselves must admit that unless they wish
Interest at
Batik Open Bank Open Bank Open Bank Open
to see the traffic of any given manufacturing centre a dimin
Bate. Market Bate. Market Bate. Market Rate. Market
ishing quantity they must be prepared to assist the manufac
Paris.................
8
3
3
3
2)4
3
2)4
— 2)4
turer. Profits have of late been cut so fine that the item of Berlin...............
4
4
4
2)4
2)4
4
2(4
»94
4
4
4
expenditure for traffic has become of more serious importance. Frankfort..........
2)4
9)4
4
8)4
294
Hamburg..........
4
4
4
2)4
2)4
294
4
394
The business way in which the matter was discussed in the
2X
4
8
2)4
2
2)4
House of Lords promises well for Ps future examination in Brussels.............
8)4
2)4
8H
2)4
«4
2)4
2)4
9)4
4
4
4
4
4
4
4
the House of Commons. A ll shades of political thought are Madrid..............
4
Vienna..............
4
4
3
4
8)4
3
4
3
alive to the fact that in consequence of the sturdy growth of St. Petersburg..
5
5
5
5
5
5
5
5
3
foreign competition, home industries at the present moment Copenhagen......
3
3
3
8
3
8
3
require careful nursing, and if it can be proved that their
Messrs. Pixley & Abell write as follows on the state o f .the
legitimate development and expansion are in any way hindered bullion mar
by onerous traffic charges, some measures for practical relief
Gold.—Purchases to the amount of «2 01,0 00 have been made by the
will have to be adopted. Traders and agriculturalists have Bank during the week. An order for Son th America has also absorbed
some £250,000. The only export 10 Icd ia is £ 15.000 to Bombay. 'We
suffered long. It certainly does appear extraordinary that in have to record the follow ing arrivals: £6 7,otO from South. A unrioa
these days of agricultural depression a company should be £ s.0 0 0 from Bom bay, £5,OuO Jrom Australia, £5 ,000 from the Cape.’
£74,000 from R iver Plate, and £2,000 from Chile; total, £161,000.
Sliver, which has lately been upheld b y a o< nsidetable soeoial order,
formed in Antwerp for the export of Belgian fruit, butter,
has to-day fallen to 45 *4d., the Indian banks even uo\y rein sing to purmilk, poultry and vegetables to England. Such, however, is chase. The arrivals a r e : From Australia, £3 ,00 >: New York, £15 000the case, and it is likely to commence operations immediately. Chile, £ 2,000; total, £50.000. £20.000 has gone to Bombay.
M exican Dollars.—With the exception of a few special orders nothin?
In the money market there has been no new feature of has been done in M exican dollars, and the price is nominal.
importance. The inquiry incidental to the Stock Exchange
The quotations for bullion are reported as follows:
settlement was not large, but it fell upon a market barely
HOLD.
SILyRR.
supplied with capital, and recourse had therefore to be had to London Standard. Mar. 17 Mar. 10. London Standard. Mar. 17. Mar. 10.
the Bank of England for assistance. The rate for short loans
8.
d. *. d.
d.
77 9
Bar sliver..........os <6)4
was ss high as 3% per cent to 4 per cent, but it has since eased Bay gold, fine.. .os. 77 9
Bar gold, contaln’g
Bar sllver.contalndown to
per cent. Discount business has been very
30 dwts. silver.os. 77 10
77 10
lng 5 grs. go id. os. 4594
quiet, bills being still scarce, and the competition for them Span, doubloons.os.
Cake silver ...os- 48 13rl6
Mexican dole...ox ' .... ■
is keen. The weekly Bank return is a strong one and points S.Am.donbloons.ns
to the probability of an early reduction in the rate. The re
Messrs. Matheson & Co. are receiving subscriptions for
serve has gained £540,026, but as there has been a simulta $8,500,000 first mortgage 6 per cent gold bonds, part of an
neous increase in liabilities, the proportion remains practically issue of $10,500,000 of the Mexican National Railroad Com
the same as last week— namely, 48-84, against 48-83 per cent, pany, the price of issue being 92 per cent. Subscriptions are
he amount of the reserve is now £16,471,000, or £4,885,000 also being received for the same in Amsterdam. There has
more than last year. In the matter of bullion the gain on the been no other item of financial interest during the week
f winn on £438,876> bringm g the total up to £24,058,000, or worth mentioning.
*i,BU0,000 in excess of last year. It will thus be seen that the
There has been no fresh feature in the grain, trade during
position of the Bank just now is decidedly strong.
The ths week. English wheat was fairly well held, and was per
of the Private deposits held is only £23,046,000, being haps rather stronger at the close than at the opening, but in
v.
^
ess ^ban last year. The market just now is any- the case of foreign wheat less money has been occasionally
d
supplied with capital, more money having evi- taken. Although no particular change has taken place in, the
n 7 gone into general circulation, and the revenue c o lleo statistical, position, or at all events the difference has not
fu the 8ame time BweePing up supplies. Discount rates exceeded estimates, there are signs that were the market
ronf* *
^
0W* are ^ l* % Per cent higher than those cur infused with a little more life, it might assume a stronger
0
rent at Berlin and Paris.
position than it now occupies, . There.,is a long interval
t the meeting of the Bank f England a dividend of 5 per between this and harves when the ew grain will be mar-*
THE CHBON1CLE.
420
ketable, and unless in the interim we receive liberal outside
assistance, our stocks here will be very seriously depleted so
much so in fact that any prolonged period of unsettled weather
might result in disorganization.
The following shows the imports of cereal produce into the
United Kingdom during the first twenty-eight weeks of the
season, the average price realized and other items, compared
with the three last seasons:
In our report of the dry goods trade will be found the im
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 29,1887, and from January 1 to date:
IMPOSTS.
1883-84,
1884-85.
188^87.
1885-86.
------W h e a t ...... ........ owt. 27,762,118 26,489,496 25,863,Oi'2 30,512,717
9,715,198 10,345,66«
7,267,321
B arley.. . . . . . . . . . . . . . . 11,261,292
6,791,206
5,722.833
5,408,080
o a ts;.:...................
990,171
1,066,039
1,075.381
P eas..............................
1,433,649
1,956,360
1,827,462
Beans............................ 1,445.546
12,065,233 14,860.442
14.359,857
Indian co rn .................14.^35,811
7,446.747 8,763,877 8.373,691
F.. ...................................... .
l o o r ..... . . . . . . . . . . . . 9 ,I s 0,211
EXPORTS FROM N E W T O S S FOB THE W E E K .
1886.
1885.
1884.
For the w e e k ...
Prev. rep orted ..
Total 12 weeks.
$68,386,156
1887.
$4,260,444
62,229,339
$4,990.425
65,554,709
$78,030,606 $66,489,783
$70,545,134
$5,824.232
72,206,374
$4,638.427
63,747,729
The following table shows the exports and imports of specie
at the port of New York for the week ending March 26, and
since January 1, 1887, and for the corresponding periods in
1886 and 1885:
Supplies available for consumption (exclusive of stocks on
September 1 ) :
XUV.
[V O L .
BXFOBTS AN D IMPORTS O F SPECIE AT N E W T O R E .
1886.8e
1883-84.
1884-85
1886-87.
Im ports o f wheat.owt.27,672,113 26,489,496 25,863,002 30,512,717
8,373,691
8.763,877
7,446,74';
Im ports o f f l o u r ....... 9.190,211
Bales o f hom e-grow n.. 19,530,064 24,984,154 26,109,456 25,195,542
Imports.
Exports.
Gold.
Week.
Since Jan.X.
Week.
Since Jan. 1.
$ .. .
45,355
Great B ritain . . . . . .
France___ . . . . . . . . .
G erm a n y . . . . . . . . ..
West Indies . . . . . . . .
M exico......................
South A m e r ic a .....
A ll other countries.
595,329
8,000
1,092,465
157,858
#1,578,107
1,318,847
356,910
7,724
336,200
2,712
21,392
116,411
2,050
1885.
2,738,000
240.000
254.000
T otal 1887.......
T otal 1 8 86.......
T otal 1 8 8 5 .......
$648,329
1,358,190
29,022
#3,870,7C0
16,786,317
3,676, L69
*74,471 $3,711,237
386.295
2,410,835
15,284
4,627,635
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending April 1;
Silver.
S treatB ritain. . . . . .
F rance.. . . . . . . . . . . .
Germany..................
West I n d ie s . . . . . . . .
M exico......................
South A m e r ic a .....
A n oth er countries.
TotaJ.....................
56,482,393 58,920,397 60,736,335 64.081,950
1886-87. 1885-86. 1884-85. 1883-84
Aver, price wheat..........week. 32s. 7d. 29s. 9d. 31s. 4d. 37s. 7d
Aver, price w heat.......season. 32s. 7d. 30s. 4d. 32s. 5d. ¿»ys. 4a
The following shows the quantities of
maize afloat to the United Kingdom.
W h e a t.......... qrs.
Flour »equal to qrs
M aize............ qrs.
E n g lis h
This week. Last week.
1,806,000 1,846,000
256,000
306,000
284.000
343,000
wheat, flour and
Last year.
1,860,000
203.000
334.000
F in a n c ia l OTar R ets—P er C a b le.
L ondon.
Bat.
Mon.
Tues.
Wed. 1Thure.
Silver, p er o x ..........
Consols fo r m on ey.........
Consols fo r aooou nt.. . . .
Fr’ oh rentes (in Paris) fr
U. B. 4i*8 o f 1891...........
U. B. 4s o f 19 07..............
Canadian P a o i f l o .......
Ohio. Mil. A Bt. P a u l....
B rie,oom m on s t o c k ....
Illinois Central..............
P e n n s y lv a n ia ..... . . . . .
Philadelphia A Reading
New Y ork Central.........
44%
1011&16
102
80-67%
111%
130%
63%
92%
34%
134
59%
19%
114%
44%
101-&16
lOliBje
80-62**
111%
130%
64%
94
35%
134
60
20%
115%
44%
10U»16
10115)«
80*82%
111%
131%
64%
94%
35%
134
60%
20%
116
445}« 445,«
i o u s 16 10H 3lf
10113,« lOUSje
80-80 81-05
111% 111%
131% 131%
64%
64%
94
93%
34%
35%
133% 133%
60%
60%
20%
19%
115% 115%
Fri.
44
1621,*
10/%
81-121*
1121*
131%
64%
958s
35%
134
60%
20 %
115%
$1,000
44,000
$4<,158
4,424
945,405
1,629,3*0
3,116
” 382
1,225
234,469
41,913
135,551
$181,8901 #2,031,030
267,350
3,508.965
569,719| 3,926,328
Total 1887.
Total 1886.
Total 1885.
$3,498
55,290
34,883
$413,158
345,225
276,911
Of the above imports for the week in 1887, $7,724 were
American gold coin and $2,619 American silver com. Of
the exports during the same time $53,239 were American
gold coin.
United States Sub-Treasury.—The following table show
the receipts and payments at the Sub-Treasury in this city, a
a
well as the balances in the same, for each day of the past week:
©ommerctaXandsatsceUaueima Hems
National B anks.—The following national banks have lately
been organized:
8 .6 42—The Market National Bank o f Cincinnati, O. Capital, $250,000,
Edwin Stevens, P resident; John G. Brotherton, Cashier.
8 643—The Cedar Rapids National Bank, Iowa. Capital, $10 >,000.
Arthur T. Averill, President; Ralph Van Veohten, cashier.
8 644—The First National Bank o f Alvarado, Texas. Capital, $,>0,000.
*
H. W. Trippet, President; J. R. Posey, Cashier.
3 «45_The Corsicana National Bank, Texas. Capital, $100,000. George
V
t . Jester, P resid en t; L. I , . -Tester, C ashier.
,
_
S 646—The Greenville National Bank, Texas. Capital, $100,000. 8. D.
Rainey, Jr., Presideut; W. A. Williams, Cashier.
8 847_The Lincoln National Rank o f Chioago, 111. Capital, $200,000.
Joh " L. Beveridge, President; R. L. uabin, Cashier.
3 84g_The First National Bankot Grass Valley, Cal. Capital, $>0,000.
’
David M cKay Jr., President; Horace D. Andrews, Cashier.
3 649__The First National Bank o f Pratt, Kan. Capital, $50,000. H.
’
W. Lewis. President; Gust. Carlander, Cashier..
8 660—The Peoples’ National Bank o f Lancaster, Pa. Capital, $200,000.
Samuel H. Reynolds. President; Peter E. Slavmaker, C ashier.
3 651—The First National Bank o f Tyler, Texas. Capital, $100,000.
’
H. H. Rowland, President; J. D. Moody, Cashier.
3 652—The First National Bank o f Ogalalla, Neb. Capital, $¡>0,000.
’
Lee Love, President; L. A. Brandhoefer, Cashier.
8 653—I h e Sutton National Bank, Nebraska. Capita), $50,000. John
B. Dinsmore, President; Fred. C. Matteson, Cashier.
8 654—The Farmers’ National Bank o f Canfield. Ohio. Capital, $50,000,
Balances.
Date.
Payments.
Receipts.
$
1,885.606
Moh. 26
1,801,898
« 28
2,423,433
* 29
•
“ 30 11,030,698
1,721,264
“ 31
1,028,347
April 1
Total ..
19,891,243
Coin.
Coin Cert’s.
$
$
$
2,109.493 135,167.679 2 1 /6 9 ,8 2 9
135,273.619 22,145,569
1,122,963
1,026,362 135,456,479 23, ¿02,446
11,605,801 135,555,361 22,688,670
1,174,708 135,535.6/3 23,335,911
2.394,531 135,627,895 22,105,599
Currency.
$
18,099,02»
18.C96.281
18,253,018
18,093,409
18,012,413
17,784,319
19,433,853 ..................... ..................... ..................
I m p o r ts o f L e a d in g A r tic le s .
The following table, compiled from Custom House returns
shows the foreign imports of leading articles at this port from
January 1 to March 25, in 1887 and 1886:
[The quantity is given in paokages when not otherwise specified.]
China, Ac.—
C h in a ........
Earthenw .
Glass .........
Glassware.
Glass plate.
Buttons.......
Coal, to n s ...
* ’
A le x a n d e r D ick so n , P resident; H . A . M anchester, Cashier.
8 655—The La Grande National Bank, Oregon. Capital, $60,OtO. M. Cocoa, bags.
Coffee, bags.
F. Homan, President; W. H, McDonald. Cashier.
Cotton,bales
8.656—
The First National Bank o f Aberdeen, Miss. Capital, $50,000.
Drugs, Ac—
Frank P. Jinkins, President: Ben. C. Jinkins, Cashier.
Bark, Peru.
3.657—The First National Bank o f Russell, Kansas. Capital, $80,000.
Blea. powd.
’
William Blair, President; Emery C. Haskett, Cashier,
Cochineal..
I m p o r t s AND EXPORTS FOR THE W E E K ,— The imports of last
G am bier. .
week, compared with those of the preceding week, show a de Gum, Arab.
crease in dry goods and an increase in general merchandise. I n d ig o .......
The total imports were $8,726,606, against $8,541,080 the pre Madder, &c
Oil, O live..
ceding week and $9,153,031 two weeks previous. The exports Opium .. ..
for the week ended March 29 amounted to $4,990,425, against Soda, bi-cb.
$6,558,897 last week and $6,874,200 two weeks previous. The Soda, sal.
Soda, ash
following are the imports at NewYork for the week ending F la x .........
(for dry goods) March 24, and for the week ending (for gen F u rs......... m
eral merchandise) March 25; also totals since the beginning of Gunny d oth
H a ir....... .
t h e f i rst week in January:
Hemp, bales
Hides, Ac.—
FOREIGN IM PO STS AT M E W T O R E .
Bristles . . .
Hides, dr’ sd
1887.
1886.
1885.
1884.
F or Week.
India rubber
$2,212,509 I v o ry ...........
$1,635,816
$2,027,318
$2,105,084
D ry Goods.........
6,514.097 Jewelry ,&o5,577,373
5,509,816
6,606,180
Gen’lm e F d ise ..
J ew elry ..
«8,726,606
W atch es.
$7,213,189
$7,537.134
$8,711,264
T o t a l..........
L in seed ....
Since Jan. 1.
«32,040,825 $35,271,173 M olasses....
D ry G oods......... $33,649,596 $27,770,725
72,803,226 Metals, A c—
69,369,413
£0,110,156
78,462,968
Gen’ l mer’d lse ..
C u tle r y ....
T otal 12 weeks. $107,112,566 $87.880,881 $101,410,238 $108,074,399
#-
#1,115,059
40-i,771
85.000
53.660
22,160
16,581
37.483
14,476
3,000
$90,800
65,930
1887.
7,950
6,970
117,274
11,987
3,074
4,999
7,302
86,033
672,651
1,163
568
10,086
344
5,386
293
3,437
75
14,679
757
3,495
9,383
16,754
2,362
5,270
438
9,702
85,0 30
869
1,529
21,699
468
873
562
30,356
12,487
1,894
140
1887.
Metals, <fec—
14,940
5,737 Iron, p ig ...
10.606
“ R R .bars
7,610
826
118,771 Lead, p ig s .
993,138
Spelter, lbs
12,848
959.999
2,272 Steel _____
330,265
4,225 Tin, boxes.
4,711 Tin slbs.,lbs 7,048,087
52,620
23,496 Paper Stock.
760,764 Sugar, hhds,
50,873
701 tee., A bbls.
Sugar, boxes
1,708,898
457 and b a g s ...
412,482
9,903 T e a ..............
26,902
276 T o b a c c o ....
6,077 Wines, A c .—
641 Champ’gne
49,368
baskets..
2,062
33,304
121 Wines.......
26,690
11,332 Wool, bales.
312 Reported by
1,929 value.
461,593
6,104 Cigars
119,508
21,790 Fancy goods
213,182
1,688 F i s h ...........
4,373 Fruits, Ac.—
266,528
1,166 Lemons .. .
407,728
7,490 Oranges . . .
441,333
91,189 N u ts...........
281,331
R aisin s___
3,789,673
663 Hides, undr.
13,506
1,608 R i c e . . . ........
23,912 Spices, Ac.—
42.553
Cassia........
o il
27,101
G in g er.. ..
209,169
923 P e p p e r ....
67,932
372 S altpetre. . .
5,000 Woods—
165,897
12,762 C ork...........
14,469
F u s tic . . . . .
138,492
1,101 L o g w o o d ..
144,094
Mahogany
133
1886.
1886.
13,039
30,440
1.360,333
613,947
409,313
4,715,749
92,146
56,893
2,051,545
339,886
25,203
25,383
34,251
34,8.*
417.024
96.333
157,046
231.234
440,581
247,401
36L910
5,219,240
30,410
5,639
7,147
36,983
24,987
152,303
16,056
163,071
111.58?
THE CHRONICLE.
A t r i l 2 , 1887.]
Arkansas State Bonds.— A press dispatch from Little
Bock, Ark., March SO, said that a bill to provide for the set
tling of the undisputed State debt has passed both houses of
the Legislature and gone to the Governor for signature. The
total debt is a little above $5,000,000, of which $3,000,000 is
accumulated interest. The bill provides for using the money
now in the sinking fund, whenever exceeding $25,000, to pur
chase bonds and matured coupons after advertising for bids ;
also for issuing certificates of State indebtedness in various
sums to be exchanged at par value for undisputed bonds and
matured coupons; i hese certificates to be receivable at par in
payment of the sinking fund tax of one mill on all taxable
values, for all State taxes on liquor licenses and for all for
feited lands by the State. The Governor, Secretary of State
and Treasurer are constituted a State board to carry out the
purposes of the bill.
[So much of the State debt has been
disputed that this measure may be less important than it
appears.]
Fitchburg— Troy & Boston.—A dispatch from North
Adams save that the papers for tne transfer of the control of
the Troy & Boston Railroad to the Fitchburg Company have
been signed. A special meeting of the Troy & Boston stock
holders to ratify the sale has been called for April 28. The
Fitchburg pays $3,000,000 in 4 per cent bonds and $1,000,000
in consolidated stock for the road.
The first four years
holders of stock are to get % of the regular dividend on Fitch
burg consol, stock, the next four years to get 5 per cent, and
after that the full dividend.
421
Auction Sales.—The following were sold at auction this
week by Messrs. Adrian H. Muller < Son:
fe
Bonds.
__
Bonds.
$3,000 Central Crosstown
$7,000 South Brook.Cent.RR.
RR. Co. o f N. Y ., 1st, 6s,
„ C o .. 1st, 7s, due 1397.11 41« & int.
due 1922.....................115% «feint. $13,000 Bush wick R R . Co ,
$2,000 Atlantic Ave. R R . Co.
h s . reg., duo 18t 2 .. 107 < int.
fe
o f Brooklyn, 1st, 5s, due
$30,000 State o f Arkansas 7s.
1 9 0 9 ...........................10=1% «feint.
guar, for Arkansas Central
$5,000 Coney Island & Brook.
R ailway C o..........................
7 a»
R R .C o.,l st,5 s.due*1903.10 i < int.
fe
Shares.
$1,000 Prospect P .r k < C. I.
fe
20 U. 8. Trust C o.......555 to 555»a
R R .C o.,lst, 78,due 1895.112«fcint. 100 Phenix l i r e In®. Co. o f
$3 .c0 0 8outh Brooklyn Cent.
B rooklyn----------- 131 to 1311*
RR.Co.,2d 6s,due 1897.104 is «feint.
22 Sixth Ave. RR. Co.............170
$3,000 Williamsburg «& Flat50 N. Y. Floating Dry UoekCo 6 >s
busli R R . Co., 2d 7s. due
20 Mineral Range RR. C o ...132«#
1897................... ......... 113% «feint.
50 Nassau Bank.....................147
$1,000 Brook. City Hunt© «3
42 Second Ave. RR. C«*..'"".146<4
Point < Prospect Park RR.
&
50 Manhattan Oil Co. (hy
Co., 1st,7s,du e 1888.10 2 ^ «feint.
pothecate d ) ....................
70
gaufeiuB and iftaaactal.
United States Government and other desirable
S E C U R I T I E S
FOR
I N V E S T O R S .
Inter-State Commerce Commission.—The Commission
ers met in Washington March 81, and organized by electing
Judge Cooley as President. The Commissioners and their
respective terms of office are as follows : Thomas M. Cooley « í ¡ ®
of Michigan, for the term of six years; W illiam R. Morrison’
of Illinois, for the term of five years; Augustus Schoonmaker’
of New York, for the term of four years; Aldace F. Walker’
of Vermont, for the term of three years; Walter L. Bra°-g of
Alabama, for the term of two years.
“ 4 toter8,t allowea » “ “ »»“ r talan«.
H A R V E Y
F I S K
& SONS,
28 N assau Street, N ew Y ork .
Kings County Elevated.— The Brooklyn City W orks De
# 1 2 0 , 0 0 0
partment have issued a permit to the Kings County Elevated
Railroad Company to erect its structure in Fulton Street
CABLE CO.
from Adams Street to the city line, under the consent B R O O K L YN
of the Mayor and City Works Commissioner already
6 PER CENT 1ST MORTGAGE BONDS,
secured.
The permit is like the one granted to the
company on December 5, 1885, under which work was
D D E 1907,
done until stopped
by
injunction.
The
Tribune
COUPONS MARCH AND SEPTEMBER,
reports that much of the iron for the structure is ready to
FOB S A L E B Y
be put up, and it is reported that the road will be built at
the i ate of a mile a month. The Union Company has a large C O F F I N
& STANTON,
force of men at work in Flatbush Avenue, and will shortly
BAN K ER ?,
begin work in Hudson Avenue.
The portion of its route con
necting these two streets crosses Fulton Street, and there the
10 , 11 an d 1 2 M ortim er B uilding, W a ll S treet, N. Y .
structure has already been put up.
W hat steps will be taken
We recommend these Bonds as a cheap and very desirable hum»
by the Kings County Company in relation to this obstruction investm ent. Full particulars furnished on application. 6 1 1
*
of its route is not yet decided, but the directors of the Union
Company claim that they are prepared to maintain their prior
rights at that point.
*
W e beg to o ffe r , su b je c t to sale a t 9 7 ^ a n d a c c ru e d I n te r e s t
Ohio & Northwestern.—A dispatch from Cincinnati an
w i t h 2 5 % o f sto c k b o n u s, a lim it«.d a m o u n t o f
nounces the arri val there of Senator Warner Miller, W m . Walter
Phelps of New Jersey, and others, who are on a tour of inspecT I I E O R A N G E B E L T R A I L W A Y CO .’S
tion over the hues of the Ohio & Northwestern R dlw ayfre(OF F L O R I D A )
cently the Cincinnati «fe Eastern. It is intended to extend
F IR S T
M O R T G AGE
6
PER
CENT
5 -2 0
YE IK
Wo®ÍIe. frT ^ ? rfc8m° ut?» 0hio’ to m eet an extension of the
G O LD BON DS.
nh0 h l° T w th^ 0penmg a newline to the mineral
regioi s of Ohio and W est Virginia from Cincinnati.
In terest J an u ary a n d J u ly,
n I h® Loii i87 llIe N eY Alba° y & Chicago Railway Company
ff“
fe
° “ r advertl81ng columns to-day $900,000 of P A YA B LE AT THE FARMERS’ LOAN < T R .’ ST CO., NEW Y O R K .
its consolidated six per cent gold bonds, due in 1916. This
DU E 1907.
th ^ Pfh y 8do,ng an increasing business, and we are informed
*100 n íi i„g ' ° 88 earmngs for the <luarter will probably show
T H E ORANGE B E L T R A ILR O AD
cent °,Sld
V er Í h.8 8ame period of last y ear. A six per
¡ 5 2 g0o bund at or below par, by a responsible companyHs extends from Monroe, a.Station on the Jacksonville Tampa «fc Kev Week
ld
re thln& bed the bonds merit careful consideration.
>
Railway, along the w e ,t hank of Lake Monroe, southwesterlythrough
the towns of Sylvan Lake, Caol i, Isian 1 Cult -, GIen Ktlio i . m l ^ oA
h vT ÍÍ6
of J* H * Latham & Co. has just been dissolved Altamont Forest City, To.onto, Lake iite, Clarkona, Millerd tnd°Crowm
who becam ? a
e
menl 0f
Latham. the senior memter,
a
located un the south shore o f Lake
on Anrfl
b ? flrm of Winslow, Lanier & Co.
<
Umng
Latham «fef¿“ L n lh e business of the late firm of Messrs,
ner Mr
j
conduct*d by the remaining partmost^hrlitj^orii nse ^ e i o f the1Sta* e .^ It’ L^dolng*«^r?r y^satenerii and a h lm í
Perry’ ™ho is favorably known for his lsfactory bu-iness, and earning mo. e than tae Interest on its bonded
debt, and when completed we see no reason w hy it s h “ dd n .t n ^
o fa lfL n d 8 o f 8 e c U ? i e r neCtl0n Wlth the Pechase and sale
dlvlde? ds
stock as it is bonded for the small «
amount
iSSSfhJS“' ““db
JfiddifltmwUfr13 pa^ed to the advertisement of Mr. A . D.
PJao*w£? (l t ° f the firm of Middleton «fe Co in Exchange
of ToL K g£ neral age“ t of the Kansas Investment Company,
S is c ftv a S ^ a8; . Mr. Middleton, who is well known in
/
she abovfi
t0 tbe publlc 6 Per cent recured gold bonds of
to r t “
te M
«sm ovedtoknraan!?
Bishop, bankets and brokers, have
ing entrances
commodious offices in the building havknown as the
BroadwaJ> « W all and 5 Pine streets,
glad to see t h « i r % 5 ® erho/ n building, where they will be
r
stocks and securities^8’ &nd otlier8 de8iring to deal in bonds,
f i n ' ^ S u n t o ? ^ ? fW ^ f D ing^
|
and Financial> Messrs. Cof”
offering of the’ R p n ü i ^ a A
invite attention to their
-T h !
o Brooklyn Cable Company 1st mortgage bonds.
declaredthe Z
M. j 2,
Manitoba Railway Co. have
quarterly dividend of 1% per cent, payable
of $5,000 per mile. Tue»e bonds are a flret and only 1). n o n the Ro^i
and equipment, and m additi n are guaranteed nrincinal n°,iri
by the Orange Belt Investment Co.,*which owns*^ large mflls a t I o n w ood that are earning over $ 10,000 a year net, besides which the S
pany has valuable real e tate and oth« r proper^ty, efctiruated in all
S}*?
¿0 be worth $ 3 0 0 / 00, and wh n ihe Road is fin*shed to Poinc
ts estimated that the Investment Company’s pronerfcy w ill ha
worth at least $1,000,000, not including the Railroad and ite f^ n c h is is
T h e C o m p a n y reserv es the r ig h t to re d ee m th ese B o n d s
a t a n y tim e a fte r five y e a rs, a n d it is belie ved th a t th e y w i ll
be a b le to retire th e m a ll in five y e a r s, a s it is fo r th e in te r
est o f th e G u a r a n to r s to d o so , th e y b e in g th e o w n e r s o f 75
p e r c e n t o f t h e s to c k , w h i c h , w it h th e 2 5 p e r ce n t w e o f f r
w i l l o w n th e R o a d a fte r th ese R o n d s h a v e been . e tlr e d '
a n d w i l l b e th e o n ly lie u u p o n th e R a ilr o a d e q u ip m e n t
a n d fr a n c h is e s .
We look upon this security as a good investm ent and with 25 ix-r
atteirtioii a ? t h e infesting^p«i M cl ^
U
b>'
^
baou d ~ a n d She
PRICE 9 7 13 AND INTEREST, W ITH 25 P E R CENT STOCK BONUS.
Respectfully yours,
G R I S W O L D «fc G I L L E T T -
THE CHRONICLE.
422
T h e
M a r c h e r s '
commercial, 25© 50c. discount; bank, $] prem. ; St. Louis,
50@ 75c. discount; Chicago, 50c. discount.
The rates of leading bankers are as follows
@ a « e t ijc .
D I T I D E N D 8 .
Per
Cent.
Kam t o f Company.
R a ilr o a d « .
,
Atcliison Top. A Santa Fe (quar.).
Mineral Range ( q u a r .) ...............
N. Y . A Now England, prof.
Pitta. Ft. Wavne A Chic, (quar.)
Pitta. Ft.W .AC., special (quar.)
St. Paul Minn. A Man. (quar.) . ..
R an k «.
Gallatin National............................
IM Iacellaneous.
American Bell Telephone.............
¡ V ol . X L 1 \ ,
Sixty Day».
A pril 1.
When
Payable.
Book» Closed,
( Day» inclusive.)
\
4046*40!«
1%
2%
3%
1%
1%
1%
May 16 April 6 to ----------April 5 April 1 t o ----------May
1
April 5
April 1
May
2 April 12 to May 2
5
April
$3
6 Marcii 3 1 to Apr
April 15 April
5
1 to A pril 12
W A L L S T R E E T , F R I D A V , A p ril 1, 1 S 8 7 — P. »1.
3
The M o n e y Market and Financial Situation.—Since April
Demand.
4 85
4 87 V S 188
4 831**4 83%
4 83 9 4 8s%
5 22% @ 5 2 i%
5 2 0 9 5 19%
j
951« <*95 %
4014 9404*
9588995% *
Coi ns.—The following are quotations in gold for various coins:
9 $ 4 88
85 9 3 89
74 9 4 76
96 9 4 00
65 9 1 5 75
,
58 9 1 5 65
___ _ Jl__m... par 9 % prow
Fine silver bars .. — 95%®
96%
Dimes & % dimes. — 9 9 % 9 par
]
S ilver 148and %s. — 98% dF iv e fr a n c s ..........— 93 9 — 95
M exican d o lla rs.. — 75%& — 76%
D o uncom m ere’l. — 74%® — 76
P eruvian so ls....... — 7 3 % 9 — 75
E nglish s ilv e r . . . . 4 80 9 4 84
U. 8. trade dollar! — 99 9 loo
D. S. silv er dollar* - 9 9 % 9 100
United States Bonds.— Government bonds have been dull
and without feature, except for considerable strength in the
4s and 4£s, the former class being quoted fully one per cent
higher than last Friday.
The closing prices at the N . Y . Board have been as follows
of our stocks and bonds to the
first has arrived without any serious pressure in the money
market, those who have feared a stringency will now breathe
more freely.
The outward movement
foreign markets is yet an important factor in the general situa
tion though it is not quite clear as to the proportions of this
movement,— how much of it is made up by the negotiation
of railroad bonds abroad and how much by the straight pur
chase of stocks and bonds in the open market here for ship
ment to the other side.
A t the Stock Exchange the tone has been evidently stronger,
and the great majority of operators appears to be on the bull
side, while the talk of the Street is nearly all in that direction.
Bear influence is rather conspicuously absent, and the constitu
tional bearB, if they have any plans, are waiting for prices to
get higher before they make an attack.
Activity in financial negotiations pertaining to railroads still
goes on, and this week we have the sale of the Chicago &
Eastern Illinois stock to some party not announced, but sup
posed to be Atchison Topeka & Santa Fe ; Rock Island has
also disposed of $6,000,000 more of its collateral tru>t bonds
to a syndicate, the proceeds to
be used for extensions
Nebraska.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 8 to 9 per cent
the usual rate to stock brokers being 5 © 6 per cent; to-day the
rates were 8 @ 9 per cent.
Prime commercial paper is quoted
at 5 © 0 per cent.
The Bank of England weekly statement on Thursday showed
a gain in , specie of £75,000, and the percentage of reserve to
liabilities was 48-57, against 49-55 last week; the discount rate
remains unchanged at 8 per cent. The Bank of France lost
2 975 000 francs in gold and 650,000 francs in silver.
’ The New York Clearing House banks, in their statement of
March 26 showed a decrease in surplus reserve of $1,148,500,
the total’ surplus being $6,186,850, against $7,835,850 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.
March 26.
IH'S/er’n c e s fr ’m,
Previous Week.
1886.
March 27.
1885
March 28.
Loans on&fiis. $365,403,000 Dec.$3,403,500 $356,058,600 $300,981,200
7<i nRd.R0f) iA4 7f\9 snn
79,084,600 104,752,800
Deo. o QiQ nnn
79,602,700 ru,« 3,249,900
S pecie............
7,939,600
10,899,700
11,100
7,647,800 Dec.
C irculation..374,702,200 Deo. 7,442.400 380,264.600 353,443,900
Net deposito..
28,778,700
32,029,900
240,800
20,259,7«. 0 Inc.
Legal tenders.
Legal reserve $93,675,550 D e e .il ,860,600 $95,066.150 $88,360,975
99,862,400 Deo. 3,009,100 107,863,300 136,782,700
Reserve held.
$6.186,850 D e c.il,14 8,50 0 *12,797,150 $48,421,725
Surplus..
Exchange.—The chief feature of the foreign exchange mar
ket during the past week has been its extreme dulness, there
having been an almost entire absence of demand from remitters
Rates have been rather weak, partly in consequence of the dul
ness and partly the result of pressure of security bills drawn
against stocks and bonds. The much higher rates for money
here than in London also work against the exchange market,
Posted rates have been reduced £c., to 4 85i and 4 8 7 £ @ 4 88
To-day the rates on actual business were as follows, viz.
Bankers’ 60 days’ sterling, 4 8 4 £ ® 4 85; demand, 4 87J© 4 8 7 f
Cavles 4 8 7 | © 4 88.
Commercial bills were 4 83 © 4 83£
Continental bills were: Francs, 5 21£@5 21$ and 5 19|©
5 20; rei chin arks, 95i@95£ and 95|©95£; guilders, 4 0 @ 4 0 £
and 4 0 £ @ 4 t£ .
- , .
.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying i discount, selling £ premium; Charleston buying
par©1-16 premium; selling £ © £ premium; New Orleans,
Interest Mar
Periods. 26.
4%s, 1891
4s, 1 9 0 7 ...
4s, 1907 ..
Mar.
28.
Mar.
29.
Mar.
30.
Mar. April
31.
1.
Q.-Mar. *10930 *10938 *10938 *109% *109% 110
Ö.-Mar. *10938 ‘ 1093s >10938 *109 »8 109% 110
Q.-Jan. *127% 128% 128=8 *128% 128=8 128%
<3.-Jan. 1 28 % *128% 12938 129% *129% *128%
<3.-Feb. >100% *10038 *1003g*10038 *10038 *100
j . A J. *126% *126% *126% *126% *126% *126%
j . A J. *129% *129%i*129% *129% *129% *129%
J. A J *132 *132 *132 *133 *132 *132
___reg. J. A J. *13438 *134% *134% 156 *134% *134%
....r e g . J. A J. *13638 136% *136% *137% *137 *137
....r e g ..coup.
.. ..reg.
. coup.
....r e g .
....r e g .
....r e g .
* This Is the price bid at the m orning h oa rd ; no »ale was made.
State and R ailroad Bonds.— State bonds have been dull
and very few classes have been dealt in. The most prominent
have been the Virginia deferred bonds, the price being irregu
lar and closing at 12 bid, though the transactions have not been
specially large; North Carolina special tax bonds have advanced
and close at 14£.
The demand for railroad bonds has been fairly brisk, and it
has been very general, no class being specially prominent for
activity. The general market for bonds has sympathized with
the stock market to a great extent, and consequently prices
have been gradually improving in a moderate way, while a few
classes have advanced rather more than the majority. These
are Atlantic < Pacific 4s and incomes, Otyio Southern 1st and
fe
incomes, Indiana Bloomington & Western incomes, Fort Worth
«& Denver 1st?, Erie 2ds and Colorado Coal & Iron 6s, though
the advance has not been fully maintained in all those named.
Railroad and Miscellaneous Stocks.—The temper of the
stock market during the past week has been decidedly bullish,
and transactions have been heavier than for a long time past.
That the net advance for the week is eo greater in the general
market than it is, is due to reactions which have occurred a
t
times from realizations and some hesitancy on account of con
tinued fears of tight money. There has been no active bear
movement, however, and all the talk has been on the bull side,
it even being rumored that many of the bears have changed to
the other side of the market, and some of the prominent opera
tors have made plans for a bull campaign. The course of th
e
market during the past week has contributed something toward
bearing out this theory, the general list having been strong a
s
a rule, and a few specialties having advanced quite sharply
under favorable rumors and reports of different kinds. Foreign
buying has also been somewhat of a feature, assisting the rise
and helping to weaken the foreign exchange market. O
ther
favorable features have been the bull movements commenced
in the grangers, the Gould stocks and a few other specialties,
the rise in which has given the strong tone to the general
market and assisted in the advance of the others. Compared
with a week ago prices generally show an improvement, ®
some cases the advance being quite marked.
As mentioned above, the grangers have been quite prom
i
nent, Northwest and the Omahas leading the advance in th
e
early part of the week and St. Paul coming in for an advance
later on. Various rumors have been current in regard to th
ese
stocks, the principal one relating to the formation of a Chicago
pool to advance them. Northwest has also been the subject 0
1
rumors in regard to increased dividends. Another prominen
group have been the Southwesterns, or Gould stocks, Texes
Pacific, the Wabashes, Missouri Pacific and M. K. & T ."*
sharing in an active and upward movement, on rumors that in
siders in these stocks were strong bulls on the general marie
In the early part of the week Canada Southern was active an
advanced sharply, but aside from this there has been notmn|
special to note in regard to the Vanderbilts. Fort Worth
Denver has been specially prominent for activity
fluctuations, though the advance was quite steady until Thu
day, when there was some reaction, followed by another 1®
provement. Other strong stocks have been Columbus &
ing Coal, Richmond Terminal, Kingston & Pembroke,
Nickel Plates, and a few others less prominent.
THE
AP* il 2, 1887.J
CHRONICLE
423
STOCKS-PRICES AT N. Y. STOCK EXCHANGE FOR WEEK ENDINtt A P R I L 1 , AND SINCE JAN. 1, 1887.
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
Mar. 26.
Monday,
Mar. 28.
Tuesday,
Mar. 29.
Wednesday.
Mar. 30.
Thursday,
Mar. 31.
Friday,
Apr. 1.
Sales
o f the
Week,
Shares
Range since Jan. 1 ,1 887 .
Lowest.
Highest.
A c t iv e K K , S t o c k s .
13
13%
13%
12% 13%
13
12% 127
13
12% 12%
13
6,145 10% Feb. 1 13% Mar. 25
Atlantic & Paciflo....................
62
62%
62% 6278 62% 62%
61% 61%
62% 62 °j
62
62%
3,185 59% Mar. 5 68% Jan. 13
Canadian Pacific......................
61% 62%
60% 62
59% 60%
61% 62if
61% 62%
61% 62% 42.770 52% Feb.
Canada Southern.....................
63% Jan. 3
72%
72
73
72
72%
71
72% 73 - 72% 74
71% 72%
Central o f New Jersey............
32,682 55% Jan. 3 74 Apr. 1
38% 39% 40
40%
37% 37%
39% 39ii
39
40
40
40%
3,388 33 Feb. 3 43% Jan. 3
Central Paciflo..........................
8%
8 %| *7% 8%
*7%
8%
*7%
85
*7%
8%
*7%
8%
Chesapeake A O h io .... - — -8 Feb. 3
250
9% Jan. 8
15% 15% *15
15%
15% 15%
15
*15
15% *15
Do
1st pref.
15
15%
451 14% Mar. 7 17 Jan. 13
10
10
*9
10%
10
10
10% *10
Do
2d p r e f.
*9% 10% *10
10%
296
9 Mar. 8 11% Jan. 2 0
139% 139% 140 140
140 140
140% 140%
Chicago Burlington & Quincy. 138% 139
40! 136% Jan. 13 140% Feb. 16
91% 91% 91% 927t 92% 93% 148,43! 85% Feb. 1 93% Apr. 1
Chicago Milwaukee & St.Paul. 90% 9118 91% 91%| 91% 91%
120% 120% 120% 120% 120% 120% 120% 122
121% 122
Do
pref. 119% 120
4,655 117% Jan. 8 122% Mar. 23
8
120% 120% 120% 121% 77.770 110 Feb. 1 121 % Apr. 1
Chicago & Northwestern....... 11878 120% 120 121 % 120 1207 120% 121
149 149% 147% 147% 146 146
146 146
146 147
Do
Pref- 149 149
1,051 138% Jan. 29 149% Mar. 28
125% 126
126 126
126 126
Chicago Rock Island & Pacific. 12658 126% 127 127
127 127
1,243 124% Mar. 18 127 Mar. 2 3
18% 18%
18% 19%
18% 18%
ChioagoSt. Louis & Pittsburg.
19
19
18% 18%
18% 20
4,750 16 Feb. 1 20 Apr. 1
42% 42 % 42% 44
44
44%
44
44%
44
Do
pref.
44% 47
45%
12,572 35 Jan. 27 47 Apr. 1
51% 51%
50% 51% 50% 51%
50% 51%
50% 51%
51% 52% 40.050 45% Feb. 1 5 V% Apr. 1
Chicago St. Paul Min. & Ora..
Do
Pref. 111% 112% 112 % 112 % 111% 112% 112 112% 112% 112% 112% 113%
8,245 106 Fob. 1 113% Apr. 1
65%
64
6 4 78 65
ClevelandCol.Cin. A Indianap.
65
65%
65% 65%
65% 65%
65
65%
3,78< 59 Feb. 1 65% Mar. 30
305a 32
31% 32%
31% 35
31% 32
31% 32
Columbus Hocking Val.dc Tol.
31% 32%
6,045 28% Mar. 14 39% Jan. 11
Delaware Lackawanna AWest 135% 136% 136% 136% 135% 136% 135% 136% tl3 4 136
134% 135% 80,976 131% Feb
1 138 Jan. 3
29
30
2878 29
30% 30%
29% 30
29% 30%
Denver & Rio G., assessm’t pd
30
30%
4,674 21% Feb. 3 30% Mar. 29
63% 64%
62% 63%
64% 64% 63% 63%
Do
pref.
64
64%
64% 64%
8,449 56% Jan. 24 66 Jau. 13
54
13
13
13% 13%
13% 13%
13% 13%
East Tennessee Va. A Ga. R ’y.
13% 13%
13% 13%
3,357 12% Mar. 14 17 Jan. 3
4
76% 76% *75% 76%
75%
75% 75%
Do
1st pref. *74
74% 74% *75
76
701 71% Feb. 1 82% Jau. 13
24% 25%
24% 24%
25
25%
25% 25% *25
Do
2d p r e f .
25%
25% 25%
4,000 21% Feb. 1 32 Jan. 3
*85
86
86
86
0
86
86
Evansville & Torre Haute—
86
86
85% 85%
*85
86%
600 84 Mar. 12 89 Jon. 3
39% 40%
40% 41%
41
42
Fort Worth & Denver C ity—
41
42%
41% 42
4178 42% 85,412 21% Feb. 4 425 Apr. 1
15% 157(
15% 15%
15% 16
Green Bay Wiuona A St. Paul.
15% 15%
15% 15%
15% 15% 10,515 12 Jan. 28 16 Mar.
40% 40%
Houston A Texas Central.......
40
40
200 37 Mar. 18 45 Jan. 3
129 129
Illinois Central.........................
205 128% Feb. 24 35 Jan. 28
24
23% 24% *24% "24% ” 26% 26%
Ind. Bloom. & West., ass. p d .. *23
27
27
27% 27%
4,575 17% Feb. 4 27 % Apr. 1
Lake Shore & Mich. Southern. 94% 95% 95% 96
95% 95%
95% 95%
95% 96
95% 96
83,685 90 Feb. 1 96% Jan. 14
97% 97%
97
97
Long Island..............................
97
97
97
97
900 93 Jan. 15 98 Feb. 8
64% 65%
65% 66%
65% 66% 65% 66
Louisville & Nashville............
65% 66%
65% 66% 60.324 57 Feb,
67% Jan. 3
62
62
62
62
m io fn io
Louis. New Alb. & C hicago...
450 58 Jan. 22 65% Jan. 3
Manhattan Elevated, co n so l.. Ì55 % Ì55% 155% 155% 156 156
i'55% 155% 155% 155% *155% 155%
1,305 154 Jan.
158% Jan. 3
57% 57%
Memphis A Charleston..........
57% 58
57% 57%
410 51 Jan. 27 63% Jan. 7
"9Ì% "92% 92
92%
Michigan Central.....................
92% 93V
93
93%
92% "92%
92% 92% 11.325 86 Jan. 27 93% Jan. 3
89% 90%
87
88
Mil. Lake Shore & West..........
88% 83%
88% 89
*87% 89
87% 88
3.050 66% Jan. 6 90% Mar 28
Do
pref. 109% 111% 110 % 111 % 110% 111
110% 110% 110% 111
L ll
110
10,313 98 Jan. 4 111% Mar. 28
18% 19
19
19
Minneapolis & St. Louis.........
19% 19%
19% 19%
19% 197g 20
20%
2,625 17% Feb. 1 20% Apr. 1
43% 43%
43% 43% *43% 45
Do
pref.
43% 43%
43% 4 4 78 44% 45%
6,175 40% Feb. 1 45% Jan. 13
31% 31%
31% 32%
Missouri Kansas & T exas.......
31% 32
31% 32%
3178 32%
32% 32% 28,653 26% Feb. 1 33% Jan. 3
Missouri Pacitto....................... 107% 107% 108% 109
108% 109% 108% 109
108% 1087s 108% 109% 28,209 104% Feb. 1 110% Feb. 25
16
16%
Mobile & Ohio......................... .
16% 16% *16
17
16% 16% *16% 17
16% 16%
1,350 14% Feb. 1 19% Jan. 8
85
Nashv. Chattanooga ASt. Louis 85
85
85
85
85
85
85
85
85
3,200 79% Feb. 1 88% Jan. 3
84% 83%
New York Cealral A Hudson. 112% 112% 112% 113
112 % 112 % 112% 112% 112% 113
112% .12%
9,150 110 Feb. 1 114% Jan. 17
New Y. Chlc.& St. L., assent’d 18% is te
19
19%
19% 19%
19% 19%
19% 20
19% 19%
4,822 16% Mar. 15 20 Mar. 81
30% 31%
30% 31
Do
pref., absented.
31% 31%
31% 31%
31% 32%
31% 32%
6,210 27 Mar. 12 32% Mar. 31
New York Lake Erie & West’n 33% 3378 33% 34% 34
34%
33% 34
33% 34%
33% 34% 1
29% Feb. 1 84% Feb. 25
71% 73
73
73%
Do
pref.
72% 73
72
72%
72% 73
73
73%
4,555 65% Jan. 29 74% Feb. 25
63% 64%
New York A New England...
64
64%
64% 66
65% 65%
65
65% 63% 65% 86,738 51 Jan. 12 66 Mar. 29
New York Ontario & West___
18% 18%
18% 18%
18% 18%
18% 18%
1878 1878 *18% 18%
2,188 15% Feb. 4 20% Jan. 3
New York Susq. & Western..
13% 13%
13% 13%
13% 13%
13% 13%
13% 13%
13
13
5,010 11 Feb. 1 14 Feb. 14
Do
pref
36% 3678 36% 37%
36% 37
36% 37
36% 37
37
37%
4,300 31 Feb. 1 38% Feb. 14
Norfolk & Western.................
20% 21
21% 22
21 % 21 % 21 % 21 %
21% 22
21% 21%
3,606 17% Feb. 3 23% Jan. 3
48% 49%
Do
p ref
49% 51
50
50%
49% 50%
50
50%
50
50% 13,700 43% Feb. 3 54 Jan. 13
Northern Pacific.....................
27% 27%
27% 28%
28% 28%
28% 28%
28% 28% 28% 28%
5,374 26% Feb. 1 28% Apr. 1
58% 59
, Do
pref
59% 60
60% 60%
59
59%
59% 60%
60% 60%
8,736 56% Feb. 1 61% Jan. 3
Ohio A Mississippi..................
28% 29%
29% 29%
29% 30
29% 30%
31
31%
31% 32
22% Feb. 1 32 Apr. 1
31% 31%
Oregon A Trans-Continental!,
31% 32% 32% 32%
32% 33% 33% 33%
33% 33%
29% Jan. 24 34% Jan. 3
35
Peoria Decatur A Evansville.
35%
35 ~ 35%
34% 35 " 34% 34%
34% 34%
34% 35%
6,100 30% Jan. 3 36% Feb. 10
Philadelphia A Reading.. . . . .
38% 39
39
39% ! 39
39% 38% 39%
3878 39% 39
39% 1 32,605 34 Feb. 1 42% Jan. 20
Richmond A Alleg., receipts..
7%
7%
7
7
7%
1 7
620
5% Mar. 19 11% Feb. 18
Riohm'd A West P’ntTer minai 39% 40% 40% 41% 1 40% 41% 40% 41%
4 0 7e 417e 41% 42
30,785 37% Mar. 15 53 Jan. 17
75% 76
_
pref 75
76% 1 75% 75% 75% 75% 75
75%
75
75%
2,426 72 Mar. 12 87% Jan. 17
I
Rome Watertown J Ogdensb’g
t
85
85
30 80 Feb. 8 95 Jan. 17
fit. Louis A San Francisco___
33
33%
33 % 33%
" 3 4 " 34%
33% 34
33% 34
33% 33%
30 Jan. 27 34% Mar. 3G
Do
p r e f ....
67
68%
68% 69
68% 69% 69% 70%
68 7e 69%
69
69%
61% Feb. 2 70% Mar. 3 0
_ do
1st pref 115% 115% *114% 115%i 115% 115% 115% 115% 115% 115% 115 115
470 112 Jan. 28 117% Jan. 8
fit. Paul A Duluth...............
*61
62
61% 62% 62
62
62%
62
62
62%
62% 63
3,100 55% Jan. 7 63% Feb, 25
Do
pref..............
109% 109% 109% 109% 109% 109% 109% 109% 109 109
518 107 Jan. 10 110 Mar. 4
fit. Paul Minneap. A Manitoba 119 119
118 118
118 118
117% 117% 117 118
715 113 Feb. 1 119% Feb. 19
Texas A Pacific, 2d ass. paid.
28% 29%
29% 30%
29% 29%
28% 29% 29% 30%
29% 30%
23% Feb. 17 30% Apr. 1
Union Paciflo..................; ........
57% 58% 58% 60%
60
60% 61%
60% 59% 60%
61% 61% 1
53% Feb. 4 62 Jan. 3
Wab. St. L. A P.,P. Com. repts.
17% 17% 17% 18%
18% 19%
19
19%
19% 19%
19% 19%
13% Feb.
19% Anr, 1
30% 30%
Do
pref.
30% 31
31
32% 34
33
32% 33%
34
33
23% Feb.
35 Jan. 3
M is c e lla n e o u s S t o c k s .
Colorado Coal A Iron
39% 40% 40% 41
40% 41
41% 42
41% 42%
40% 41%
35% Feb.
42% Apr. 1
Consolidated Gas Co
I ! ! 11! 85
85
85% 85%
85% 85% 85
*85% 85%
85
85
85
3,461 79 Jan.
86% Feb. 2
Delaware A Hudson C an ai.. 101% 101% 101% 101% 101% 101% 101 % 101 % 1.01% 102
101% 102%
5,683 100% Mar. 14 104% Jan. 1 »
Oregon Improvement Co
39
41%
42
42
41
41
39% 41
1,333 38 Feb. 1 47 Jau. 13
Oregon Railway A Nav. C o.. ! 100 100
100% 101
101 103 102 102% 102% 102%
5,145 96% Feb. 1 104% Jan. 3
Pacifie Mail
55% 56
55% 56%
55% 55% 55
55% 56
55% 55%
55%
8,010 48% Jan. 8 57% Feb. 10
Philadelphia C Nat.'Gas.' ! ! ! ......
106 106
107 107
107% 107% 106 108
106 106
425 105 Feb. 15 115 Feb. 8
Pullman Palace Car C o.......... 151% 152% 152% 153% 152% 153% 152 152% 152% 152% 152 152%
5,30 139% Jan. 4 153% Mar. 28
western Union Telegraph...
76% 77%
77% 78%
77% 77%
77% 78%
77% 77%
76% 77% !l24i067 70% Feb. 1 78% Mar. 9
E xpress S to c k s .
Adams........
k
142 145
143% 144% 143% 143% 144 144% 143% 145
143% 143%l
250 139% Jan
146 Feb. 10
American. ................................ 109% 109% 109% 109% *109 109% 109% 109% 109 110
109% 109%
4^5 107 Jan.
110% Feb. l 6
United States!.'!! ! ! ! ' ! .............. *62
63
63% 63% *62
62
63
63%
63
63
*62
63
215 62 Feb. 17 64% Jan. 1]
Wells, Fargo A Co
'128 131
129 129
129% 129%
127% 128
'127 130
110 126% Jan. 25 130 Feb. 8
.
'" a c t i v e S t o c k s .'
& 'Santa Fe. 102 102
106% 106% 105 105
105% 105% ’
514 96% Jan. 5 106% Mar. 30
“ atfaio Roen. a P ittsburg.. . .
63
63%
63% 64%
64
64__ 64
64%
64
64
64
64
1,565 33% Jan. 19 66 Mar. 22
& M innesota.___
16% 16%
16% 16%
....................
400 15 Mar. 16 19. Jan. 7
Central Iowa..
*10
11
*10
12
10
10
11
11
*10% 11
60 10 Feb. 28 15% .¡an. 10
5
5
5%
5%
5%
5%
01101 D o1 Wa8k' & Baltimore!
1
5%
5%
7 Jan. 13
*5%
5%
1,«80
4% Mar. 23
9%
9%
*9
9%
9%
*8%
9%
9%
*9
9%'
970
7% Feb, 5 10% Jan. 14
19% 19%
Rio Grande Western!
20
20 i 20
20
500 19 Mar. 15 23% Jan. 13
Kingston a Pembroke
40% 41%
41% 41%
41
42
43
41%
42% 43% 43
43%' 27,195 38% Mar 24 43% A ir . 1
Mexican central
15% 15%
15% 15%' 15% 16 I 16
15% 15%
16
920 13% Jan. 5 16 Apr. 1
Moms A Essex
................... 138% 138% *137% 138%
*137% 138% '137 138%
138 !
300 127% Mar. 9 141% Feb. 11
Ohio Southern
.................
19
19%
20
20
20
20 % 20 % 20 % 20% 20%'
97 51 17 Mar. 3 21 Jan. 14
S ^ n â h o r t Line. Ï . " ! " ! ! " 26
26
27
27% 28
27%
29
29%
Mar. 22 31 Jan. 3
1,800
Pitts. Fort Wayne A Ohio. .
146Vd. 1 4 6 1 «
146% 146%
Jan. 10 48 Jan. 22
300
fit Louis Alt. A Terre H aute.. *30
31%
31% 33
33% 33% 33% 33% * 3 3 " " 3 4 "
650 30 Jan. 8 35 Jan. 20
^ Louis Ark. A T e x a s....
23% 23%
24
24
23% 23%
24
23
23%
21 Mar. 17 25 Feb. 12
24%
950
southern Pacific Co
33% 34
34% 34% 34% 35
850 29% Mar. 5 36% Jan. 10
Cameron Iron A C o a i ! !! !!! !! '
45
46
45% 45% 45% 45% 45
45
45% 45% *45
46
800 39% Jan. 4 49% JaD. 27
Columbus A Hooking Coai. . . ! 41% 41% 41% 42%
42% 44% 44% 46%
46% 46%
46
47
25,530 35% Feb. 24 47 Apr. 1
71% 71%
T*n J ° rk * Perry C o a l..!!!!
71% 71%
71% 71% *71% 72
71% 71% *71% 72%
1,200 62% Jan. 3 72% Mar. 2
Tennessee Coal A Iron.........Ü
46% 47%
46% 47%
47
47% 47% 47%
46% 47%
47
47%
4,980 41 Mar. 2 54% Jan. 14
v a r io u s S t o c k s . A c ilfni sted.)
«?® r; Cotton Oil T rust.. i
51% 51%
51% 52%
51% 52% 51% 52%
51% 52%
51% 52% 16,240 42% Mar. 1 64% Jan. 3
Certificates..........
63% 63%
63% 63%
63% 63%
63
63%
63% 63%
63% 63% 2,Q74,ooo 60 Fei»; 16 72% Jan. 11
Ä
1 T w ®8t., Pf. when iss. 57% 58%
*
57% 58%
5 7 % 58% 57% 58%
57
58
56% 57%
5,450 52 Jan. 5 63% Jan. 20
61% 62
63% 64%
63% 64%
63
63
mc' no1“ * Coal B y 1'
65% 66 I 66% 68
4,781
92
93
94% 95
95
*93% 94% *93
94
95%
96% 96%
1.200
B o 8 Ä A E r i e , n e w . . . Pref;
29% 30%
29% 30%
29% 30% 28% 30 I 27
2,900
28 I 25% 27
Thet e are the prices bid and asked; no sale was made at the Board.
f Dower price is ex-dividend.
THE
421
CHRONICLE
[ Y o l . X L IV .
BONDS—LATEST PRICES OP ACTIVE BONDS AT N. Y. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 1887
Closing.
Railroad Bonds.
Closing
Range since Jan. 1.
Bar 25jApr. í 1 Lowest.
Railroad Bonds.
Highest.
25% Feb.
29
30 Mar.
▲tí. & P a o —W. D. ino.. 6s, 1910| 29%
86%
85% Mar. 90 Jan.
857e
Guar., 4s, 1 9 3 7 . . . . . ■
.04% Feb. 107 Mir.
106»« 10638
Gan. South.—1st guar., 5s, 1(
92%b. 90*2 Ma>-. 95% Jam
925s
2d, 5s, 1 9 13..........................
90% Jan.
86 Feb
Gan. Iowa—1st, 7s, ’99, coup. ofl] 90
100»2b. 107 b.
no
Jau.
112 »2b. 1 1 2 %b.
113% Ma-.
1 1 2 »*b. 112 b. .09 Jan. 113% Mar.
.0544 Jan. ,107% Jan.
Adjust. 7s, 19« »3........................ 105 b.
89 Feb.
S37e Jan.
Convert, dob. 6s. 1908........... 87 b.
Le’h A W .B.,con.7s, 1909.as’nt 114 a. 113 b. .10 Jan. 116 Feb.
L
02 b 103
99 Jan. 103% Mar
Am. Dock & Im p., 5s, 1921. ..
118% Mar.
Central Pacific—gold 6s, 1898.. 116»«b. 116%b.
115% Mar.
San Joaquin Br. 6s, 1900......... .......... 1 1 2 »Sb.
105 Mar.
Land grant (is. 1890................
113 "*b. 115 a. .12 Mar. 114 Mar.
Cites. & O.—Pur. iu. fund 6s, ’ 98
6s, gold, ser. B, 1908, coup, oil 77 b. 77%b 7 « Mar. 81 Jan.
72 b. 73 a. 73 Mar
75% Jau
Exten. coup., 4s. 1 9 8 6 ... ,—
27%b. 27 Feb. 1 32 Jau.
6s,currency, 1918 ................... 27
97 Mar. |100 Feb.
Mort. 6s, 1911.........................
.01 Feb. 1106% Mar.
Cues.O. A So. W.—5-6s. 1 9 1 1 ... 105»«
O ilcago A A lton—1st, 7s, 1893. 116 b. 116 b. 115 Jan. 116% Ma-.
107% Mar.
tmic.Bur. & Nor. - 1st, 5s, 1928. 107 »«a I04%b.
Chic. Burl. & Q.—Deb. 5s>, 1913 106% 107 b. .06 Jan. 108 Feb.
97% Mar. 1 99 Jan.
Denver Divie., 4s, 1922........... 97 %a.
ib i
98 *2 Jan. |101% F .b.
Chic. & Ind. Coal R., 1st, 5s, ’36 101
Oh.Mil.A 8t.P—1st, I.A M .7 b, ’ 97 122 b. 122 b. ^20% Jan. 122% Jan.
I28%b. 130 b 128 Jau. 130 Jan.
Consol. 7s, 1905......................
118
Feb.
1st, So. Min. Div.—6s, 1910... 116%
_ 115 Feb. 1118 Jan.
4b.
106% Jan. |l09
1st, Chi. & Pac.W .Div—5s, ’21 107 *
Wis. & Min. D lv.—5s, 1921 .. 10 j»«b. L05%b. 105»« Jan. 10678 Jan.
Terminal 5s, 1914........... ......... i 02%b. 103 %b. 102% Mar. IO334 Feb.
Chic. A N. W.—ConsoL 7s, 1915 13i%b. 130 ü 139 Feb. 142 Jan.
-30 Feb. 1133 Jan.
Gold, 7s, 1902......................... 130 »ab. 131
117% Jan. ‘ 120 Jan.
Sinking fund (is, 1929............. 119
l l 0 »«b. 108 b. 108 Jan. 1110% Mar.
Sinking fund 5s, 1929. .......
L10 b. 10844 Jan. 1 1 0 % Mar.
Sinking fund dohent. 5s, 1933 110
107 b. 107 »4b. 1073s Jan. 108% Jan.
25-year debent. 5s, 1909..
Chi. R. I. A P ac.—6s, coup. 1917 133 b. 133%b. 130 Jan. 135 Jan.
108 %b. 109
108% Mar. 1 1 0 % Feb.
Exten. A col. 5s, 1934 .........
120% Mar. 122% Jan.
Oh. 6t.P..M. A O.—ConsoL 6s. ’30 12 2 *«b. 122
L26 b. 124 b. 126 Jan. 127% JîlU.
St. Paul A 8. O.—1st, 6s, 1919
100 b. 98% Jan. 102 Feb.
Oh.St.L.A Pitt».—1st.con. 5s, ’ 32
110 b. 110 b. 107 Jan. 1 1 1
Mar.
C. C. C. A Ind.—Gen. 6s, 1934
O
98»« Feb 103% Mar.
Col. Coal A Iron—1st, 6s, 1900.. LO b 1 0 l 7s
V9%
79% ). 75 Mar. 88 % Jan.
Col. H. Val. A ToL—Con. 5s, '31
76 a. 70 Mar. 91 Jan.
Gen. gold. 6s, 1904 ................ 75
118»« Feb. 120 % Feb.
Denver A Rio Gr.—1st, 7s, 1900 119 %b.
78% ” . 76 4 Feb.
|
80 Jan.
1st con. 4s, 1936 . . . . . . . . . . . 7 8 78
78%H. 797s
79 Mar. 81% Jan.
Den. A R. Gr. W .- 1st, 6s, 1911
74%
75»8
73% Mar. 78 Jan.
Assented............ .................
80 Jan.
Den. So. Pk. A Pao.—1st, 7s, ’0* 76 b 76 b. 75 Jan.
55
55»« Feb.
49»« Feb.
Det.M ac.&M .—Ld.gr. 3 *
28,1911 53%
99
99
99% Jan.
98 »4 Feb.
E .Ten.V . A G. R y.—Con.,5s, ’ 56
Eliz. Lex. A B. Sandy—6s, 1902. 10138 103% 103»« Apr. 108 Jan.
133% 135
132»2 Mar. 136 Jan.
114 b. 113»« Jan. 115 Mar.
115
Long Dock, 7s, 1893
115 Jan. 120 Mar.
Con. 6s, 1 9 3 5 ......
9938 10 1
93% Feb. 1 0 1% Apr.
93
93 Apr.
88»2 Feb.
Funded coupon, 5s, 1 9 6 9 ...
93%
93»« Mar.
8844 Jan.
Ft. W. A Denv. C. -1st; 6s, 1921 92 »4
107 b. 106 Feb. 109»« Mar.
110»« Jau. 1 1 1 Jan.
2d M., 7s, 1905 ........................
97 Mar. 100% Jan.
97%
West. Division—1st, 5s, 1931
OA fa IQOI
92% Feb.
92»e Jan.
1 0 1% 103 b. 99 Jan 105 Mar.
Gr’nB’. w ’. A St.P.—1stj 68,1911
41%
42% Mar.
42
38 Jau.
2d income 8s, 1 9 1 1 ......
120% Jan. 122% Jan.
102% 101% Jan. 105 Mar.
Gold, 6s, 1923.......................... . 105
Feb.
Henderson Br.Co.—1st, 6s, 1 9 3 1 10o%b. 106 %b. Ì06% Mar. n o
H.ATex.C.—IstM . L. 7s, con. ofl 114%b. 114% 112% Jan. 114% Mar.
108»sb. 108 %b. 108 Mar. n o
Jan.
1st, West. D., 7s, 1891.cou. off
113 b. _
113 Feb. 115 Mar.
10 2% 103
94 Feb. 103 Apr.
2d, consol. M. L. 8s, 1 9 1 2 ....
72%
66% Feb.
72 h Apr.
Gen. mort. 6s, 1921................ . 69
107 F e” . 108% Jan.
111. Central—1st, gold, 4s, 1951 107 b.
98 Jan. 1 99% Jan.
G» Id, 8*38,1 9 5 1 ......................
119»« Jan. 124*4 Feb.
97 Feb.
1st, 5-6s, 1909............................ 95 b. 95 %b. 91 »2 Jan.
83 b. 84 b. 77 »2 Jan.
86 Jan.
2d, 5-6s, 1909...........................
845sb 91 Jan.
95
96 Feb.
Eastern Division—6s, 1 9 2 1 ..
31%
34% Mar.
30% Jan.
Incom e, 6s, 1921......................
Int. A Gt.Nor.—1st, 6s, g o ld ,’ l l 120 b. 120 b. 117 Jan. 122 Mar.
96 a. 93 Jan.
98 Feb.
Coupon, 6s, 1909............... ...... 96
64 Jan.
72 Feb.
96 b. 95 b. 95»4 Jan. 100 Jan.
Knoxv. A O .126 b. 126 b. 125»« Feb. 128 Jan.
Con. coup., 2d, 7s, 1903......... . 123 b. 123%b. 122»« Jan. 124 Feb.
122 b. 122 b. 121 Feb. 124 Mar.
113 Feb. 115 Feb.
1st, consol., 5s, 1931..............
119 Jan. 121% Feb.
Lou. A Nash.—Consol., 7s, 189Í 1 2 1 b.
N. O. A Mobile—1st, 6s, 1930 107% 106% 105 Jan. 107% Mai-.
94% Mar.
9078 Jan.
2d, 6s, 1930...........................
E . H. A N.—1st. 6s, 1919....... 115 b 114%î>. 115 Jan. 116% Mar.
General, 6s, 1930..................... 1 1 1 a. 1 1 0 % 107 J an. 112 Mar.
107
104»« Jan. 108 Feb.
Trust Bonds, 6s, 1922............ 107
10-40, 6s, 1924........................ 102 %K 103 a. 98 Jan. 100 Mar.
Lou. N. A. A C h .- l s t , 6s, 1910 ,1 1 0 b 110 b 109 Jan. 110% Jan.
94 Apr.
97 Mar.
Consol., gold, ts. 1916............. 95 %b, 94
Mem. A Ch’lston—6s, gold, 1924 10 L b. 10 1 b. 101 Jan. 102% Mar.
117 Jan. 119 Jan.
Metro. Elevated.—1st, 6s, 1908. 118*3 118
10978 Jan. 111% Mar.
2d, 6s. 1 8 9 9 .............................. 110%b. 111
129 %b. 127% Jan. 130 Feb.
Mich. Central—1st, con., 7s. ’02 129
Miss’l l Pao.—1st, cons., 6a,1920 H O 1
« 117% 114% Feb. 117% Apr.
3d, 7s. 1906................................ ............. 125 b. 122 Jan. 125 Mar.
Pao. o f Mo.—1st, 6s, 1888....... 10244b. I 02%b. 102 Feb. 105 Jan.
2d mort., 7s, 1891................. |
............. 109 b. 108»« Mar. 110 Jan.
\JIar25\Apr. 1
Range since Jan. 1.
Lowest.
Mil. Lk. 8h. A W.—1st, 6s. 1921. 120%b j1 3 1 b. 118 Feb.
114 Jan.
Michigan Div.—1st, 6s. 1924.. 114% ” .: 117
Incom e, 6s, 19H ...................lO t b. 105%” . LOI»« Feb.
Minn. A H t .L —1st, 7s, 1927 ... 133 b. 130 b 132 Jan.
Imn. A Equip.—6s, 1922— :..|............ 88 b 8678 Feb.
96»« Feb
Mo K .A T ex.—Con., 6s, 1 9 2 0 ...1 0 0 » 101%
1
2
83»a Feb.
Consol., 5s, 1 9 2 0 .....................I 86»2
37%
109»« Feb
Consol., 7s, 1904-5-6...................I l l
HI
Mobile A Ohio—New, 6s, 1927 ..l l l l % b . 112»« I087b Feb.
1st, Extension, 6s, 1927...........105%*. . . . . . . . 105 Mar.
1 st prei. debentures, 7 s .......... 6 2 b. 64 a. 60 Jan.
8 t»a Feb.
Mutual Un. Tele.—S. f., 6s. 1911 88
87
Nash. Ch. A 8t. L.—1st, 7s, 19131
129 a. 129 b. 128»2 Mar.
N.Y. Central—Extend., 5s, 1893 il 06%’'> 106°8 1054« Jan.
.
N.Y.C. A H —1st, op.. 78,1903 I37%a. I33%b. 13344 Jan.
Debenture, 5s, 1904..............|10 ’ »4 |1»>/ b. 106 Mar.
0. 131 b.l 131»« Feb.
N.Y.A H ar.—1st, 7s, 1900.......
97
85 Jan.
N. Y.Chic.ASt.L.—1st, 6s, 19 21.. 96%
9 iV * . 70 Jan.
2d mort., 6s, 1923..................
95
71*20. 65»« Jan.
N.Y. C ityA N o.—Gen.. 6s, 1910 . 71»2
N.Y. Elevated— 1st, 7s, I906....|122»4b 12 2 »2 12144 Mar.
128 »
2 125 »« Jan
N. Y. Lack. A W.—1st, 6s, 192 1 . 1127
Construction, 5s, 1923............ 107 b. 107 b. 107 Feb.
N. Y. Ont. A W.—1st. 6s. 1914..|107»2 107*2 107 Jan.
91»« Jan.
N.Y.Sus. AW.—1 st, 6s ,’ 11,cp.offI 94 b.
»2")"] 69 Feb.
Debenture, 6s, 1897, coup, oil I 72 b. 7 Ü
Midland of N. J.—1st, 6s. 1910 113 b 109 b. 112 Jan.
75»« Feb.
N. O. Pacific—1st, 6s, 1920........ 83% ” . 83%
15 Feb.
North. Pacific—1st,coup., 6s, ’21 l l t í 78 117
10378 Jan.
Gen’), 2d, coup., 1933.............. 107 »4b. 105
James R. Val. ■1st, 6s, 1936.. 108 b.l 108 b. 106»« Jan
N. Pac. Ter.Co.—1st, 6s, 1 9 33... 104 »2 105 b. 104 Jan.
Ohio A Miss.—Consol., 7s, 1898. 117»2'».|ll8»2b. 17% Mar.
18 Jae.
2d, consol., Vs, 1911.................
Springfield Div,—7s, 1905 . . . . 1 1 2 a l i l i "a. 109 Jan.
Ohio Southern—1st, 6s, 1921. .. 105 b. 108 a. 102 Feb.
40 Jan.
2d, inc., 6s, 1921....... . ........... 41%b. 45»4
93»4b. 9 178 Mar.
Oregon Impr. Co.—1st, 6s, 1910 92%
110% 108 Jan.
Ore. R. ANav. Co.—1st, 6s, 1909 110
Consol., 5*, 1 9 2 5 .... ................ ............ 10544 102»« Feb.
Oregon ATransoon.—6s, 1922.. 100 »« 10 1 »2 100 Feb.
Peo.D eo. A Evans.—1st, 6s, ’ ¿.0. 112 b. 1 1 2 »2b. 110 Mar.
84 b. 8 Í% JanIncome, 6s, 1920....................... 83
Evansv. Div— 1st, os, 19 20... 108 b. 108 b 105 Mar.
84 b. 79»a Jan.
85
Income, 6s, 1 9 20..................
66 Jan.
7 1 78
Rich A All.—1st, 7s, 1920. tr. rei 72
1 l i % Mar.
Rich in. A Dan.—Cons., 6s, 1915 111»2 113
Debenture, 6s, 1927 ............... 109 b. 1 1 2 »«b. 106 Feb.
114 Feb.
Roch. A P itts.—1st, Cs, 1 9 2 1 ... 117 b.
116 a. i ï é ü. 108 Jan.
Consol., 6s, 1922............. .
110 Jan.
Rome W. A Ogd.—1st, 7s, 1891. I l l b.
101»« 101»« Apr.
Consol., extend., 5s, 1922....... 104
St Jo. A G d .Isl.—1st, 6 s, 1925 106 b. 107 »4 105»2 Mar.
70 b. 70
70 Mar.
2d, income, 5s, 1925 ............
St L. A lt.A T .H —1st, 7s, 1894. 114 b. 115 b 114 Jan.
2d, M., pref., 7s, 1894.............. 113 a. 112%a, 110 Feb.
2d., M., inc., 7s, 1894___ _____ 107 »«b. 107 »ah 107 Feb.
35 Jan.
Dividend has, 6s, 1894 ..........
98 »«Feb.
St. L. Ark. A Tex.—1st, 6s, 1936 100 % 101
53
49»« Feb.
2d, 6s, 19 36.............................. 5244
111
110 Mar.
St. L. A Ir. Mt.—1st, 7s, 1 8 9 2 ...
113 Jan.
2d mort., 7s, 1897.................... 114 b. 114
91 Apr.
Gen. Ry. A land gr., 5s, 1931. 95 »2b. 94
St. L. A San F r .- 6s., Cl. A ,1906 115 b. 116 b. 115»« Jan.
115 b. 116 b, 114»« Jan.
; 6s, Class B, 1906.............
6s, Class C, 1906....................... 115 b. 11744 11138 Jan.
Gen’l mort., 6s, 1931............... 1 1 0 »4b. 111% 108 »« Feb.
So. Pao., Mo.—1st, 6 8 ,1 8 8 8 ... 102»« 102 b. 101»« Jan.
118
110»8 Jan.
St. Paul M. A M.—1st, 7s, 1909.
2d, 6s, 1909................................ 120 b. 118»« 118 Feb.
119 b 113 Mar.
1st cons., ts, 1 9 3 3 ................... 120
99 b 93 Feb.
Do
reduced to 4»«s.. ’ 99%
96 Jan.
Shenandoah V al.- 1st, Vs, 1909 96»«b. 96»«
38%
37 Mar.
37
Gen’l mort., 6s, 1921..........
99»« Mar.
So. Carolina—1st. 6s, 1620....... . 102 b.
80 Jan.
75 a,
2d, 6s, 1931................................
24»«b, 19 Mar.
23%
Inc., 6s. 1931...........................
So. Pac., Cal.—1st, 6s, 1905-12.. 11338b, 110%b 110»e Feb.
110 Feb.
So. Pao., Ari.—1st, 6s, 1909-10.. 11044b.
105% Jan.
So. Pao., N. M.—1st, 6s, 1911. . 105»2b.
62 »4b 58»« Feb.
Tex. A Pac.—Inc. A Id gr, 7s. ’15 63»a
73 %b 64 Feb.
7438
Rio Grande D iv.—6s, 1930 ...
Gen. mort. A term., 6s, 1905.. 68 b 65 b. 65 Mar.
89 »«b, 90 b 89 Jan.
Tol. A. A. A N. M.—1st, 6s, 1924
ToLA.A. A Gr.Tr.—1st, 6s. 1921 103 b 105 b 103 Jan.
104 Jan.
Tol. Peor. A West—1st, 7s, ’ 17 . 109 a. 108
Tol. A Ohio Cent.—1st, 5s, 1935 96%b 9698b 95 Jan.
118%b 119
114 Jan.
Union P acific—1st, 6s, 1899___
Land grant, 7s, 1837-9............ 10338b 103 %b 102 Jan.
115 Mar.
Sinking fund, 8s, 1893............ 115%b 116
111»« Feb.
Kan. Pacific—1st, 6s, 1895___f
I l l » « Jan.
115 a. 115
1st, 6s, 1 8 9 6 ............... .........
Denver D iv.—6s, 1899......... 115 b. 115 b 114 Jan.
1st consol, 6s, 1 9 1 9 ............ 105 b. 107»« 104»« Mar.
101 Mar.
Oregon Sh. Line - 1st, 6s, ’ 22.. 101 % 103
96% Mar.
Virginia Mid.—Inc., 6s, 1 9 2 7 .... 92 b. 98 ;
49 Jan.
Wab. St.L. A Pao. - Gen., 6s, ’ 20 50»«b. 57
97
89 Feb.
96
Chicago Divison—5s, 1910 —
84»« Mar.
Wabash—Mortgage, 7 s, 1909.. 86 b. 88 »«
110»4 Jan.
Tol, A Wab.—1st, ext., 7s, ’90 I13»4b. 11344b.
106 Jau.
111
1st, St. L .D iv.. 7s, 1889....... 110
2d, extended, 7s, 1893......... 101 »«b. 102 b. 99 Jan.
84 Mar.
Con., conv., 7s, 1907............ 88 h. 93»«
89 b. 109 Jan.
Great West.—1st, 7s, 1888___ 112 »«
2d, 7s, 1893............................ 102 b. 102 »4b 99 Jan.
St.L.K.C. A N —R .eA r.,7s,’95. 110»8b. 1 1 9 78 b . 109 Mar.
West Shore—Guar., 4 s................ 102 »4 10278 102»4 Mar.
Highest.
1 2 1 % Jan7
117 Jan.
106 Mar.
133 Jan.
90 Jan.
101% Mar.
8838 F eb
113»« Jan.
11 2 % Apr.
106 Jan.
6 6 »« Mar.
89 Mar.
130 Jan.
106 9g Apr.
136 Mar.
10978 Feb.
133 Jan.
99 »4 Feb.
97 Feb.
73% Feb.
123 Jan.
128»« Apr.
l i o Jan.
1105s Feb95 Feb.
71 » Jan.
4
114 Jan.
86 Feb.
117»« Mar.
107»« Mar.
109*4 Feb.
105»« Mar.
119»« Jan.
119 Jan.
I l l » « Feb.
109% Mar.
4 7 »« J an.
94% Jan.
110»« Mar.
106 Jan.
102% Jan.
114 Jan.
85 Jam
112 Feb.
86 Mar.
72»« Feb.
113»« Jam
113»2 Mar.
120 Mar.
108 Jan.
110»« Jan.
104% Mur.
107»« Jan.
73»« Jan.
114 Jam
112»4 Mar.
108 Jam
38 Jan.
101 »4 Mar.
55»4 Jan.
115 Jan.
114»« Mar.
99 Jan.
115»« Jam
l l e % F eb
117% Apr.
1115s Apr.
104»« Jan.
118 Apr.
121 Mar.
120 Jan.
100 Mar.
100 Jan.
43 Jam
107»« Jan.
80 Jam
28»« Jan.
112»« Jam
110 Feb.
106»« Mar.
66»« Feb.
757s Feb.
69 »«Jam
92 Jan.
105 Mar.
112 Feb.
99% Jan.
119% Mar.
1 0 ¿ 3g Jan.
120 Feb.
1 14»« Mar.
115 Mar.
116»a Mar.
t07% Apr.
107»« Jan.
99 Jam
60 Jam
97 Apr.
88»« Mar.
1 14 Feb.
I l l » « Jan.
103 »4 Jan.
9 5 % Jan.
113»« M¡»r.
103 »4 Jan.
112»« Feb.
103 »4 Jam
Note - The letter “ b” indicates price bid, and “ a” prioe asked; all other prices and the range are from actual sales.
S T A T E BONDS.
SECURITIES.
Alabama—Class A , 3 to 5 ........1906
Class B, 5s..............................1906
Class C, 4s,..............................1906
6s, 10 2 0 ..................................1900
Arkan-as—6s, fu nded.. 1899-1900
7s, Little Rook A Fort Smith, iss.
7s, Memphis A Little Rock, iss..
7s, Arkansas Central R R ............
G eotgia—7s, g old .................... 1890
Louisiana—7s, c o n s ......... ..1 9 1 4
Stamped, 4 s....... ...........................
Michigan—7s............................. 1890
Bid.
Ask.
SECURITIES.
Missouri—6s....... due 1889 or 1890
108% 110
Asylum or University, due 1892
112 »« 115
Funding........................ 1S94-1895
105%
New York—6s, lean..............1 8 9 2
104 107
6s, loan .................................... 1893
10
North Carolina—6s, o ld .......... . JAJ
30
26
Funding a c t .......................... 1900
22
New bonds, J. A J . . . . 1892-1898
9
Chatham R R ................................
107%
Special tax, Class 1............ .........
100
Consolidated 4s..................... 1910
91
90
6s...............................................1919
107
Bid.
Ask.
SECURITIES.
Rhode Island—6s, c o u .. 1893-1894
South Carolina—6s, non-fund.1888
B 1own consolidated 6 s.......1893
Tennessee—6s, old .........1892-1898
Compromise, 3-4-o-6s...........1912
New settlement—6s.............. 1913
5s...................................
1913
3 s............................. J...........1913
22
Virginia—6s, old ................................
10
6s, consolidated bon ds.................
13% 14»«
100
6s, consolidated, 2d s e r ie s .......
6s, deferied, trust rec...................
123»« 126
107
112
115
115
118
35
12
Bid.
Ask.
A p r il
THE
2,1887.1
CHRONICLE
New York City Banks.—The following statemene shov s the
condition of the Associated Banks o f New York City for the
week ending March 26, 1887:
Anerage Amount o f—
Wet Deposits
Legal
other
Specie.
Tenders. than U.S.
Battik*.
$
Circula
tion.
$
10,94:0 000 2.700.000
New York...... .
8.943.000 1.574.000
Manhattan Co..
905.300
6.93^.000
Merchants’ . . . . . . . .
9.037.000 1.598.100
Mechanics’.. . . . . . . .
America................ ll.2 6 8 .f0 j 1,615.'. 00
688 000
3.04 s.000
Phenlx..................
9.033.400 4.588.100
City......................
385.100
2.689.000
Tradesmen’s.........
607.600
1.278.400
Fulton............
Chemical.............. I9,f 84, 00 8.414.300
668 300
3.319.800
Merchants’ Exch.
444.300
6 307,700
Gallatin National.
469.200
1.927.900
Butchers’ A Drov.
118,000
1.762.000
Mechanics’ & Tra.
141.600
1,312,2001
Greenwich............
440.000
Leather Mannf rs. 3.227 700
361.100
1.317.700
Seventh Ward......
3,784 5001 533.900
State of N. Y ........
Americ’n Exch’ge. 18.963.000 2.482.000
Commerce... — 17,635 600 2.057.600
Broadway.............. 5.639.200 1.002.600
Mercantile.......... . 6,892,600 1.471.100
613.900
2.447.400
Pacific. . . . . ........
7.902.100 1.820.000
Republic.............
4.732 400 1.148.100
Chatham..............
1.894.900
240,(00
Peoples'...............
2.948 000
423.800
North America....
Hanover.............. 11.298,800 3.137.600
3.041.000
664.700
Irving...................
2.803.300
588.600
Citizens’ ...............
241.200
Nassau.................I 2,980 4' 0
3.131.300
688.900
Market...... ..
2.1168.000
244 000
St. Nich- las.........
3.307.000
672.000
Shoe A Leather...
6.3 ; 8 400
694.600
Corn Exchange...
4.805.800
879.900
Continental..........
2.293.000
238.300
Oriental...............
Importers’ & Trad. 21.230,200 5.027.400
Park..................... l9.43ri.600 6,929,000
1.926.000
140.(00
North R iver........
1.181.100
238.400
East River............
Fourth National.. 18.717.000 3.753.FOO
943,C O
O
Central National . 9.043.000
3.162.1 00 751.000
Second Natio a l..
5.365.000
995.700
Ninth National__
First National...... 22.859,700 5.482.900
Third National.... 5.464.100 1.577.600
1.423.900
N. Y. Nat. E xch...
202.200
2.580.000
Bowery
... . . .
451.800
N. Y. County........ 2.206.100
501.400
385.100
German-Americ’n . 2.563.100
Chase National_ | 5.258.400 1.333.300
_
Fifth Avenue........ 3.720.700
891.300
230.000
German Exoh'nge.' 3.568.900
2.293.900
Germania............
176.400
United States....... i 6.076.000 1,560,'. 00
L incoln.............! 2.580.900
9,400
Garfield................ 1 1.689.000
420.400
Fifth National......
1.568.200
361.900
B’k of the Metrop.
3.717.000 1.004.400
West Side..........
1.914.100
339.100
Seaboard ..............
2.278.200
455.700
Sixth National__
1,964,500
390 900
46,000
282,Ò
0Ò
901ÖÖ0
102,400
620.700
239.000
" ¿ ‘ eoo
538,300
4 j ,7 0 o
1,007,500
45.000
45.000
2'jÌ',20Ó
45.000
45.000
112.700
45.000
428^600
448,806
'49,500
984Ì90Ó
45.000
224,800
360.000
45.000
44.000
45 000
370.000
201.000
225.000
180.000
45ÌÒÒÓ
45.000
44,800
45.000
132,600
43,000
175,000
JEgt»1................. 365,403,000 79,603.700'20,259,700'374,702,200 7,647 800
The following are totals for several weeks past:
1887.
Loans.
Specie. L. Tenders. Deposits. Circulation Agg. Olear’gs
9
9
9
$
9
9
Karl 2 369.501.000 84.100,700 19.942.900 384,181.000 7.667.800
“ 19 368,811,500 82,852.600 20.016.900 382,144.600 7,658,900 664,800,?00
“ 2» 365.409.000 79,602,70C: 20,259,700 374.702,200 7.647.800 6*48,345,362
541,735,895
RAILROAD EARNINGS.
The latest railroad earnings and the totals from Jan. 1 to
latest date are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
•£ columns under the heading “January 1to latest date” fur
nish the gross earnings from January 1 to, and including
the period mentioned in the second column.
Roads.
Latest Earnings Reported.
Week or Mo
1887.
1887.
1886.
9
1,057,407
94,298
49,500
27,3e8
55,482
11,646
9
2,509,827
217,655
512,157
342,628
597,848
150,985
334,150
55,647
1,536,138
44,588
1,095,129
207,865
607,222
145,584
269,95
672,509
424,504
155,656
1,985,385
42 J,4 80
4,352,000
3,357,353
5,747
852,197
740,969
265,363
641,681
563,645
6r 6.687
333,102
155,079
124,268
130,649
1,429,785
9
1,919,610
195,389
481,435
312,410
550,690
108,326
Atoh. t . * B.F February . 1,223,67<
Balt. A Potomac February . 110,528
BUÄ.N.Y.& Pun. 3d wk Mar
46,200
Buff. Roch.&Piti 3d wk Mar
37,130
Bur.Ced.R.&No. 3d wk Mar
61,067
Cairo V. A Ohio (d w k Mar
17,057
Cal. Southern. 3d wk Mai
35,637
ICamden & A tl’c February .
22,’ 35
25,804
Canadian Pactüc 3d wk M>-r 134.000 12«,000
Cp.F’r&Yad.Val February .
23,875
19,963
Central of Geo.. February . 564,399 479,920
Central Iow a.. February .
98,419 101,445
Oheeap. A Ohio. February . 290,630 273,241
Ella. Le*. AB, r. Febiuary .
68,933
63,631
Ches. O. A s. W. February . 124,350 113,630
Chip. A Alton... January ..
672,509 557,841
Chic. A Atlantic 3d wk Mar
47,345
29,451
Chic. Burl. & No. January .. 155,656
C*ÜC. B u r . & Q . .
January .. 1,985,385 1,380,963
Cnio. East. ill. 3d wk Mar
44,001
37,616
Ohio. Mil. &8t.P, 3d wk Mar 486.000 467,967
Chic. & N’thw’n February . 1,634,180 1,678,500
Ch>c. A O. Rlv 3 wks Jau.
5,747
4,395
<Mio.8
t.L.APitfe February .
Chic.8t.P.M.&0 . F ebru ary . 369,268 395,600
Uhio. A W. Mich. 3d wk Mar
30.236
28,198
Chi. Ham. & D. 3d wk Mar
63,252
54,080
Cla.Ind.8t.L.AO. 3d wk Mar
53,195
50;7S0
Cln. n . o . a T.P. 3d wk Mar
52,993
53,137
^la. Gt. South. 3d w k Mar
26,374
20,980
£• Orl. A N, E. 3d wk Mar
10,050
10,665
Vlckab. & Mer. 3d wk Mai
9,095
9,424
Vicks. 8h. & p. 3d w k Mar
7,439
6,393
Erlanger Syst. 3d wk Mai
105,951 100,599
1And Branches.
Jan. 1 to Latest Date.
1886.
43,593
1,371,816
37,885
1,002,987
181,874
534,410
122,909
230,895
557,841
304,956
1,380,963
374,344
4,357,459
3,006,607
4,395
690,837
735,121
263,625
570,036
547,403
566,041
255,0-4
147,384
118,735
105,282
1,192,526
R oads .
425
Latest Earnings Reported.
Week or Mo
1887.
Jan. 1 to Latest Date.
1886.
1887.
9
7,282
44.458
9,308
21,630
281,186
4,343
154,062
7,013
13,386
110,486
61,006
7,841
$
81.057
465,694
104,400
50,016
547,102
70,604
404,8Ö1
16,111
2 « ,141
1,480,990
145,239
71,659
50,035
205,921
42,174
1,088,588
50,024
157,234
498,618
256,771
122,526
170,408
426,087
3.340.510
30,710
375,264
488,748
1,766,429
15,279
119,598
90,276
225,153
1,981.581
557,669
69,550
117,576
533,161
387,188
48,498
47,414
304,210
40,591
67,436
509,448
196.094
3,271,966
408,426
396,992
1,250,067
86,636
373,584
1.076.510
84,491
205,311
273,047
30,603
450,754
183,675
117,845
179,057
84,928
436,514
491,555
5,169,541
121,177
2,816,320
955,782
610,851
246,869
182,937
805,703
1,003,937
1,663,467
Cln.Rlch. AFt. W. ]3d wk Mar
9,664
Cln. Wash. A: Balt 3d wk Mar
37,958
Ctev.Akron* Col 3d wk Mar
10,403
Clev. & Canton. February.
22,551
Clev.Col.C.A Ind February . 265,755
Col. & Cln. M id. 3d wk Mar
5,809
Col. Hook. V. AT. February .1 195,075
Col. & Rom e ... February .
8,445
Danb’y & Norwbj February .
13,729
Denv. & Rio Gr. 3d wk Mat 128.400
Denv. A R. G. W. February
73,680
Des. Mo. * Ft.D. 3d wk Mar
7,353
Det.BayC. A Alp. February .
25,639
Dot. Lans’gA No. 3d wk Mar
21,422
2Ò',782
Det.Mao.Ai Marq 3d wk Mar
3,72i
3,120
ti.Tenn. Va.&Ga. 3d wk Mar
89,427
82,366
Evans. A lnd ’plis 3d wk Mar
5,724
3,134
Evansv. A T. H. 3d wk Mar
c
18,329
14,759
Flint & P. Marq. 3d wk Ma
53,933
46,2b 1
Fla.R. & Nav. Co 3d wk Mar
21,752
.19,iil8
16,522
Pi. W.A Den. City 3d wk Mar
6,089
Georgia Paelilo.. February
74,824
66,209
50.356
Gr. Rap. A Ind.. d wk Mar
c
39,463
Grand Trunk . . . WkMar. 19 360,78
311,593
Gn.BayW .ASt.P January
30,710
18.965
Gull Col. A S. Fe. February . 186.183 135,788
c
Hous.ATex.Cent 2d wk ivlar
45.829
46,705
III. Ceu t.( IU. A8o) February
796,481 857.753
Cedar F.&Mln February
7,422
11,148
Dub.&Sioux C February
58,960
7 0 ,le 0
40,410
la. Falls A S.C February
c
48,452
106,792 129,779
Tot. Iow a liner February
Total all lines. February
903,273 987,532
lud. Bloom. A W. 3d wk Mar
c
64,529
50,0(>0
Ind. Deo. A Spr. February .
c
28,587
31,998
Jack. T. A K. W. February .
c
60,000
23,885
K. C.Ft.S. AGulf. 2d wk Mar
51,135
47,533
38.830
Kan. C. Sp. A M. 2 d w k Mar
31,529
Kan. C. Cl. A Sp. 2d wk Mar
c
4,281
3,582
23,096
Keokuk & West. February .
22,185
34,230
LakeE. A West. 3d wk Mar
c
21,211
Lehigh* Hudson February .
19,665
15,334
L. R k .* Ft.Smith January ..
67,436
43,921
49,379
Long Island....... 4th wkMar
50,469
Louis.JEv.&St.L id wk Mar
24,716
18,481
Loulsv.&Nashv.jSd wk Mai 285,520 247,215
41,892
Lou.N.Al.&Chio. id wk Mai
29,531
Loulsv.N.O.AT. February.
178,929 139,210
Manhattan E l... February . 596,420 547,568
Mar.Hough.A 0 .'3 d wk Mar
7,692
6,417
27.299
Memphis AClias. 3d wk Mar
30,697
*Mexican Cent’i.|3d wk Mai
84.400
80,992
*Mex.N. (N.Dlv) February .
38,610
41,643
do
(So.Div)|2d wk Mar
23,229
19.564
do
all lines February . 133,719 122,777
а, 362
Michig’n A Ohio. 4th wk Feb
4.965
Mil. L.8I1.& West. 3d wk Mar
55,758
31,535
Milwaukee * No 3d wk Mar
19,226
13,198
117,845
M inneap.* St. L. January .
73,695
Minn.AN o. West 3d w k Mar
19,319
6,316
Miss. A Tenn. .. February
c
36,866
38,585
Mobile * O h io .. February
200.499 167,139
Nash. Ch. ASt.L February
249,461 184,652
N.Y.Cen.&H.R. February 2.454,831 2,287,839
N. Y . City & No WkMar.26
9,457
9,704
cN .Y.L. E. & W February . 1,457,958 1,2 4',475
N .Y .P en n.* O February . 445,918 447,075
N.Y. & New Eng February . 312,080 270,924
N .Y .O nt.* W .. 3d wk Mar
24,371
22,361
N .Y . Sus. & W .. February .
98,341
'4 .3 8 2
Norfolk A West 3d w k Mai
c
68.407
59,637
Northern Cent’l. February . 488,990 430.961
Northern Paelfl< 3d wk Mar 197,670 190.651
O h io * Miss....... 3d wk Mai
97,503
73,0*7
Ohio Southern. F ebruary.
45,928
43,979
Oregon Imp. Co. January .
263,351 193,022
ureg. h . a S. Co. January .
274,259 234,618
Pennsylvania... February . 3,988,788 3,549,475
Peoria Deo.&Ev 3d wk Mar
16,765
12,280
Phila. & E rie___ February . 257.500 233,026
Phila. & Read’g February . 1,518,256 1,255,389
Coal & Iron Co February . 1,118,021 7*6,776
Rienui’d OcDanv February . 369,000 346,513
Va.Midl’d Div F ebru ary.
97,000
99,588
Char.Col.AAu. February .
75,900
84,912
Uol.&Gr.Div.. February .
69,700
80,017
West.No.C.Div February .
40.300
42,308
Wash.O. & W .. February f.
б, 600
5,400
3d w k Mar
36,032
26,091
3d w k Mar
30,473
21,389
Branches........ 3d wk Mar
17,740
16,134
3d wk Mar
49,05
32,400
3d wk Mar 117,760
91,898
3d wk Mar
19,313
18,306
February . 434,809 414,810
January ..
56.223
43,735
January ..
57,288
42.583
January ..
98,132
94,375
188«.
a
72,920
421,487
95,500
42,460
554,425
59,175
319,044
12,440
28,620
1,164,108
127,590
75,457
217,093
36,877
916,296
139,661
441,595
230,235
68.821
124,457
367,501
3,076,073
18,965
290,011
469,1*9
1,640,502
20,720
119,094
75,440
215,259
1,855,761
527,798
67,118
42,273
449.588
257,255
35,434
40,986
275,393
32,093
43,921
484,976
165,843
2,882,257
317,928
298,958
1,129,141
67,665
315,709
829,265
86,458
182,185
245,010
31,789
289,176
123,199
73,695
53,552
69,421
351,402
370,171
4,582,934
1109,767
2,501,587
855,151
537,M58
224,870
156,032
625,283
831,084
1,581,600
8 8 ,'6 9
99,404
193,022
263,351
234,618
274,259
7,840,559 6,971,011
156.709
186,939
451,856
517,552
3,08:*,077 2,559,567
2,155,771 1,641,136
625,040
697,629
193.420
214,719
148.420
144,476
133,731
114,083
76,882
90,249
11,400
14,500
247,686
264,324
257,581
309,46»
165,912
187,699
361,173
433,957
842,236
1,134,664
179,425
251,4561
820,349
894,059
43,735
56.223
42,583
57,288
94,375
98,13*
199,347
J a n u a ry ..
221,392
221,392 199,347
51,321
58,639
January ..
58,539
5 l,3 .’l
389,877
January .. 368,274 389,877
368,274
11,730
January ..
12,459
12,459
11,730
82,703
January ..
81,534
81,534
82,703
734,978
Jauuary .. 742,198 ?34,978
742,198
Jauuary .. 1,661,616 1,273,442 1,661,61« 1,273,442
January .. 2,403,814 2,008.420 2,403,814 2,008,420
69,554
80,243
Feoraary
39,439
33,700
862,143
February . 466,871 432,773 1,014,383
66,505
3d wk Mar
100,2-9
11,585
6,552
Tol. & Ohio Cent. 3d wk Mar
136,865
18,230
210,218
9,365
February . 1,675,913 1,594,775 3,413,266 2,984,385
4th w k Feb
11,513
75,127
87,089
9,627
GaLHar.AS.A.
Louis’a West.
Morgan’s L&T
N. Y?T. A M ex.
Tex. A N. Ori.
Atlan’o syst’ m
Paeitlc system
T ota l............
East of Miss... January ..
West of M iss.. 3d w k Mar
February .
&L.E. 3d wk Mar
3d wk Mar
Min. St.C.& W. 3d wk Mar
Wis. A M inn.. 3d wk Mar
432,530
133,045
77,570
13,734
39,971
9,964
18,067
414,880
107,059
64,026
10,726
27.584
4,318
3,3*9
432,530
1,250,335
154,398
140,747
355,394
85,4 0
152,139
* M exican currency.
c Not including earnings o f New York Pennsylvania & Ohio.
1 Not Including Central o f New Jersey in either year
t Including Branches.
414,880
1,152,104
132,520
116.709
266,132
39,* 85
31,859
THE CHRONICLE.
426
GENERAL
Q U O T A TIO N S
OF
[VOL. X L IV .
STOCKS A N D
BONDS.
Onotations in New York represent the per cent value, whatever the par in vy b e ; other quotati »ns are frequently m ade per share,
SH
lie
Th follow ing abbreviations are often used, viz.: “ M.,” for m ortgage; “ g.,” for gold; “ g’d ,” for guaranteed; “ end.,” fo r end orsed ;
onsolidated; ---------- for convertible ; “ ------- for sinking fu n d ;. “ 1. ... 4 fo r land grant.
s. f.,”
„
lor consolidated, “ oonv.,” ----------------- R
Quotations in New York are to T hu rsday; from other cities, to late m ail dates.
I
U n it e d St a t e s B o n d s .
Bid.
U N IT E D S T A T U S B O N D S.
4 k s „1 8 9 1 ..........................rbg ..Q —M ¡09%
4 k s , 1891....................... c o u p .. Q—M 109%
4s, 1907................... .........r e g ...Q —J 128*41
4s, 1907......................... co u p .. .Q-eJ 129 H
8s, option U. 8 .................reg ..Q .—F. 11) 0 %
6s, Currency, 1895......... reg— J&J 126k
6s, Currency, 1896......... reg— J&J 1291«
6s, Currency, 18 9 7 .........reg— J&J 132
6s, Currency, 1898......... r e g ....J & J 124%
6s, Currency, 1899......... reg— J&J 137
S T A T E S E C U R IT IE S ,
Alabam a—Class “ A ,” 3 to 5 ,1 9 0 6 ... 108X
Class “ B ,” 5s, 1906......................... H ü 1
«
Class “ C,” 4s, 1 9 0 6 ........................
6s, 10-20, 1900....................... J & J 104
Arkansas—6s, funded, 1 8 9 9 ..J & J 10
7s, L. R. & F t. 8 .issue, 19 00.A & O 25
7s, Memphis & L. R., 1 8 9 9 ..A & O
7s,L. R .P .B .& N .O ., 1 9 0 0 ..A & O 25
7s, Miss. O. & R. R iv ., 1900..A & O 25
7s, Ark. Central R R ., 1900. A & O
7k
7s, L evee o f 1 8 7 1 .1 9 0 0 ....... J & J
California—6s, funded debt o f 1873’
Connecticut—5s, 1897............M & N *100
New, reg., 3 k s , 1904................ J&J *103
New, reg. or coup., 3s, 1 9 1 0 ......... *100
District of Columbia—
Cons.3-65s,1924, c p ..................F&A 121
Cons. 3*65s, 1924, reg..................... 121
Funding 5s, 1 8 99.................... J&J) 115
Perm. im p. 6s, guar., 1 8 9 1 ...J&Jt 110%
Perm. imp. 7s, 1891................ J&Jt 114%
Wasji.—Fund.loan(Cong.)6s,g.,’92t i n k
Fund. loan(Leg.)6s,g., 1902 Varl 128k
Market stock, 7s, 1892................... 115%
Water stock, 7s, 1901..................... 132
do
7s, 1903..................... 133
Florida—Consol, gold 6s........J & Jt 112
4 k s , 1915...................................J&J
KansaSr-78, lon g...........................J&J
Lonislanar—
New oon. 7s, 1914..J&J
Stamped 4 per o e n t.........................
Baby bonds, 3s, 1 8 8 6 ............ F&A
Maine—4s, 1888..........................F&A
W ar debts assumed, 6 s,’ 89.A & O)
M aryland—6s, exem pt, 1 8 8 7 ... J&J
6s, H ospital, 1887-91............ J&J
6s, 1 8 9 6 .....................................Q - J
6s, 1890...................................... Q - J
8-65s, 1897.......................... ....J & J
Massachusetts—5s, gold, 1891. A&O
5s, gpld71894........................... J&J)
6s, gold, 1897............................M&8
Michigan—7s, 1 8 9 0 ..................M&N
Minnesota—Adi. 4 k s , 19 11,1 0 -3 0 ..
Missouri—6s, 1 8 8 9 . . . . ........... J & J
106
1. o
H
O
Ask.
¡.10
no
128%
129%
133 k
138
109 k
lift
105%
11
29
6
121%
121%
115
110
107
•• . .
•
Austin, Texas—10s..................
Baltimore—6s. consol., 1890 Q - J
6s, Balt. & O. loan, 1890---- . Q—J
6s, Park, 1890 ...................... Q—M
6s,boun ty, 1893................... M & S
6s,
do exem pt, 1 8 9 3 ... M & S
5s, water, 1894......................
fla, 1900
. J&J
6s| West. Md. R R ., 1902 .. . J&J
5s, 1916................................... .M&N
4s. 1820................................... ..J&J
Bangor, Me.—6s. RR..1890-’94.Var.)
6s, water, 1905...................... .J&J)
6s. E.& N.A. Railroad, 1894 ..J&J)
6s, B. & Piscataquis R R .,’ 99.A&Oi
Bath, Me.—6s,railroad a id ... ..V ar)
5s, 1897. m unicipal..............
Belfast. Me.—6s. railroad aid. ’9 8 ..)
Boston.Mass.—6s.cur.long,1905Vari
6s, currency, 1 8 9 4 .............
5s, gold, l o n g ........................
4 k s , 1908...............................
4s, currency, lon g................. ..J&J
Brooklyn, N .Y.—7s, 1890-----
lift
L07%
107k
L07k
112
113
LlOk
120 Ilk
.08
»
.... !
Bid.
Ask.
110
116
128
104
100
100
108
109
! 93
112
130
U04
75
78
98
C i t y S e c u r it ie s .
llT "
117
130
105
1902.................................'...J&J
4s, 1 9 1 1 ............................................
102
114
N
....... 1 k
7s, 1896-1901......................... Var.
lllk
7s, water, 1902....................... J&J
.17
100
fiuneapolis—4s, 1906-1 9 1 6 . Various
127% . . . .V
114
fts, 1893............................... Vatious)
130
¡3 0 k
13 6k
8s, 1«H6-1905...................... Variou
¡13
4 k 8 ,1916............................. Various
105k
107 109
76
, Ala.—3-4-5s, funded..M & f
k
L24k L25
80
L12
k
110
102
5s, n ew .
114
111
100
tashville,
100 101
N
106
6s, long.
101k 103
04 106
L06
N
105
4 k s, l o n g .......................................... 105 107
133
L35
118
5s, long............................................... 110 111
116k
6s, long .............................
-Var. 17 120
121k 123
7s, lon g ......... .......................... Var. •.23 125
114
L1.6
7s, water, lon g .......................Var. 125 127
107 109
few Bedford,Mass.—6s, 19 0 9 .A&O 134 137
L16
N
Lift
5s, 1900, Water Loan.............A.&O 113 115
111
112
04
fia’ WatÂr' 1« 9 9 __________ _______ 129 130
N
100
6s.......................................
147 149
6s| Park, Î 9 2 4 ......................
few Orleans, La.— Premium bond.- 27%, 127«»
7a Pn.vlr, 1915 ...................
L60
N
155
Consolldatod 6s, 1892............. Var ,09 111
140 142
7s’, Bridge, 1902....................
ill
113
160
N
128 130
7n' mno-a fin.. 1 « « « _________ ____ 103 109
S
03 104
100
6s, 1887
6s, Kings Co., 18 86...............
L25 127
6s, 1896
115
L32 134
.Var.t 135
6s. 1901
114 115
M&S) 115
7s, 1890
131 132
7s, 1896
Cambridge, Mass.—5s, 1889.. .A&Ot 101 102
142 147
7s, 1901
6s, 1894. water loa n ............ ..J&J 116% 117
i3 3 k 134
>
6s, 1896. water lo a n .......... ..J&J 120k 21
5s, 1905, water loa n ................. J&. Ll9io|120k
6s. 1904, city bonds............ J&J * 132% 132%
as
Jiorfolk,Va.—6s,reg.stk,’78 -85.. J&. 00 106
t
Charleston. S.C.—6s,st*k,*76-98..Q-J 91
15
8s, coup., 1890-93................... Vai
7s, fire loan bonds, 1 8 9 0 ... J & J 20
125
8s, water, 1901............ - ........M&N
110
....... 6lorwlch, Ct.—5s, 1907...........A & O 117k 119
91
Chelsea, Mass.—6s, 1897,w ater loan) 121
L23
7s, 1 9 0 5 ...................................... J-&J 140 145
>range, N. J.—7s, lo n g ..................... 115 120
Chicago, I ll.-7 s ,1 8 9 2 -9 9 .... .......... 115 *i ....... C
104
....... C
6 8 ,1 8 9 5 .................................. .......... 113
125 127*
aioa. 1900__________ ______
....... E
107
120 122
6s, lo n g .. .
O
3-65s, Ì 9 0 2 ....................................... LO
112
5s, lo n g ...
115
107 110
4 k s, long.
107
Cook Co. 5s, 1899.................
103 105
rifinir (in. 4-k.a. 1 9 00.............
4s, lo n g ...
105% 06
110 112
10124 .......I E
.J&J 120
8s.......................................
105
120 125
8s, special t a x ............................. .
Wnst Park 7s. 1890........................
09%
125
South Park 6s, 1899............
105% 106k 'hiladelphia, Pa.—6s, 1836-’ 99 J&J 121
.. -7| 6s, new ,reg.,d ue 1900& over.J& J 134 137
Cincinnati, O.—6 b, 1897------ M&N) 116
134 131% 1Httsburg, Pa.—4s, ooup., 1913.J&J. 103 105
7-308,1902...........................
5s, reg. and coup., 1913.........J&J. 116 117
..J&Jt 101 % 10i
6s, gold, r e g ...............................Var. 120 121
137
Southern RR. 7-30s, 1906. .J& Jt 136
7s, water, reg.& cp.,’9 3 -’98 ...A & 0. 128
do
6s, g., 1906....... M&N) 122
L23
5s, Refunded, 1912.......................... 111
do
Cur. 6s, 1 9 0 9 ... •F&At 123 124
4s,
do
19 15................. ; . . . 108 110
do
Skg. fd. 5s, 1910M&N t 114 115
111 113
__1 103
Hamilton Co., 4s.................
104k 1
6s, railroad aid, 1907 .......M & S 124 125
¡Cleveland,O.—7s, 1387 ......... . Var.) 101% L01%
’ortsm outh, N .H.—6s, '93,R R . J&J 1 l l l k 11 2k
1 7s. 1894, funded debt......... ..A & O 120 L22
| 7s, 1896, oanal...................... ..M&S 124 126
6s, 1898.................................. ..V a r . 119k 120k 'rovidenoe, R .I.—5s,g.,1900...J& J ) 115k 116
6s, gold, 1900, water lo a n ..J & J + il26 128
5s, 1887-89...........................
100% 101
tiohmond, Va.—6s, 1884-1914. J&J 1
119 120
113
Columbus, Ga.—7 s ............... ...V a r. 112
141
8s, 1886-1909............................ J&J1133
i o m 102
5s, 1914-15................................ J&J 106
.........1 11 4k 116
4a...................................
. . . . 10 3k
...........1 103
Water Works, 1890............
109 110% Rochester, N.Y.—6 s ...................V a r.'1 1 2 k
7s, water, 1 9 0 3 . . . . . . . . . . . . .J & J t 143
110
A/tirlanrl Mfi.—lîfi. ,fti)-99.R R ..F àA 100 101
l i l a l «9 3 -9 6 . ' ............................... 110 115
St. Joseph, Mo.—Comp’mise 4s, 1901, 90
Water, 6s. 1 9 0 0 ...................
100 103
St. Louis, M o —6s, short............ Var. 100 100k
.......
Detroit, Mich.—7s, long........ ..Var.) 120
6s, 1 8 92......................................Var. 109 110
7s. water, lon g ..................... ..Var.) 125
5s, lon g ............ ..................... ...V a r. 109 k 110k
Elizabeth, N. J.—New 4s, 1912. J&J 78
80
RvATiftvIlle. Tnd—7s. Ions. V arious..
5s, 10-20....................
Var. 103 k 104 k
4s, 1905...................................J&D.t 102 k 103 k
Fall R iver, Mass.—6s, 19 04.. .F & A ) 130 132
St. L. Co.—6s, gold, 1905........A&O 123% 124k
5s, 1894, g old ..........................F&A I 108 k 110
104 105
5s! 1 9 0 9 .r ........................i . f ..F&At 119 121
..t 97 100
Fitchburg, Mass.—6s. ’91, W.L .. J <fcj i 109k 110k
t 104*4 104%
Galveston, T ex.—8s,1893-1909.M&8 101 103
..) 1 1°*•
98
5s71915 . r. . .V.. . . . . . . . . . . . . - ........ ! 1 110k } i ?
5s. 1920................................. ...J& D 94
100 105
H artford, Ct.—City 6s, var. dates..) 104 114
..t 100 106
Capitol, untax, 6 s .............. .........) 120 125
..t 126 128
...........1 101 104
11. 126 128
HaverhiU, Mass.—6s, 18 89.. A&O) 103 k 105
Jt 118 120
113 105
San ’Francisco—7s, s c h o o l...... V ar.*
116 119
Savannah funded 5s. oonsols............ 104 106
122 124
Somerville, Mass.—5s, 1 8 9 5 ..A&O) 109 k 110k
45
5s, 1905..................................A&O) 118 120
45
Springfield, Mass.—6s, 1 9 0 5 ..A&O) 132 134
Indïanapolis.Ind.—7-30s,’93-9, J&J) 110
7s, 1903, water loan.............. A&O) 140 142
Jersey City—6s, water, long, 1895.. 107 109
Toledo, O.—7-30s, R R ., 1900.M & NI 122 124
...J& J 120 125
8s, 1893-94............................... V a r .) 120 k 121
7s, im provem ent, 1891-’94. ...V a r 109 113
Washington, D.C.—See Dist. o f Col.
118 120
7s, Bergen, lon g...................
Worcester, Mass.—6s, 1 8 9 2 ...A&O) l l l k 112
Hudson County 5s, 1 9 0 5 ... . .M&S 118 120
5s. 1905......................................A&O 119 121
...J& J 126
4s, 1905......................................A&O 107 U 8 k
Hudson County 7s, 1894.. ..J & D 114 116
R A IL R O A D BON DS.
Bayonne City, 7s, lon g ----- ...J& J 112
(Bonds o f companies coneolid’ted will
Lawrence, Mass.—6s, 18 9 4 .. .A & O 116k Î Ï 7
be fou n d under Ike consol’d name.)
6s. 1 9 00................................ ..A&C 126 128
Ala. Gt. Southern—1st m ort., 1908} 112 114
Long Island City, N.Y—Wa.ter.7s,’95 102
Debenture scrip, 6s, gold, 19 06.. }|102 104
Louisville, K y.—7s, long dates. Var. 124 125
----- j
75
Ala. N. O. T. !&o. -1st deb. 6 s.............} 73
..V ar. 104 112
65
60
2d debent. 6s, 1907........... . . }
112
6s, lo n g .................................
101 102 k 4.1b’y & Susq.—1st M., 7s, '8 8 . ..J&J 10 4k
6s, sh ort................................
Consol, m ort.,7s, 1906,guar..A&O 130
..M&S 105
i06
5s. 1890-1900...........
Consol, m ort., 6s,1906, guar. A&O 122k
Low ell. Mass.—6 s,1890, W. L.M&N 109k 110k
120
vllegh. Val.—Gen. M .,73 -10s..J& J
Lynchburg, Va.—6 s .............. ..J & J 109 110
Bast, extern M., 7s, 1 9 1 0 ....A&O 113
8s.............................. - ........... ..J & . 121 121k
23
Incom e,7s, end., 1 8 9 4 ......A & O 20
..F & A 100% l o o k
124k
A.tell. Top. &S. Fe—lst,7s, ’ 99iJ&Jt|124
....J & J 116% 117
121k
Land grant, 7s, g., 1 9 0 2
A&O)! 121
W atrr loan, 6s, '9 6 ............ ....J & J 120 122
1 Slaking fund, 6s, 1 9 1 1 . . . . . . J&D.t 107% 108
5s, 1905................................ ..M&N 113 119
91
52%
100 H 101
106 k
106
100
100
100
106
107
107*i 108
113 114
17 118
107
1024 103%
103
Funding bonds, 1894-95__ J & J 115
Long bonds, ’8 9 -9 0 ... .........J & J 1074
Asylum or University, 1892. J & J 112
New Hampshire—5s, 1892.......J & J 107* 108
W ar loan, 6s, 1892-1894....... J& J I 111 114
War loan, 6s, 1901-1905...... J & J 127 130
New Jersey—6s, 1 8 9 7 -1 9 0 2 ....J&J* 125 132
Os.exem pt, 1 8 9 6 .................... J&J* 121 125
N ew York—6s, gold, reg., '8 7 ...J& J 102
6s, gold, coup., 1 8 8 7 .............J & J 102 . . .
6s, gold, 1891.......................... J & J 112
6s. gold, 1 8 9 2 ......................... A & O lift
6s. gold, 1893.......................... A & O 118
No.Oarolina—6s, old. 18 86-’9 8 .. J&J 3ft
6s N. C. RR., 1 8 8 3 -5 .... J & J V 170
6s
do
7 coupons o f f ___A&O 140
6s, funding aot o f 1 8 66.1 900 J&J 12
6s, new bonds, 1892-8.............. J&J 22
6s, Chatham R R ..................... A&O 12
13k
68, special tax, class 1,1898-9A&O
99k
4s, new, cons., 1910.............. J & J
8 127
6s. 1 9 1 9 ..................................A & O
Penna.—5s, new, reg., '92-1902.F&A 117
4s, reg.. 1912.......................... F & A 120
Rhode Isl’d—6s, 1893-4, c o u p ..J &J 116
i
7%
South Carolina—6s, Non-fund., 1888
B 111
Brown c o n s o ls ...............................
B 66
Tennessee—6s, unfunded...................
B 76
Compromise bonds, 3-4-5-6s, 1912
2 .........
Settlement, 6s, 1913...................... .
103
Settlement, 5s, 1913................. .
78
78 k
Settlement, 3s, 1913........................
Texas—6s, 1892......................... M&81 110
115
7s, gold, 1892-1910................ M&81
7s, gold, 1904............................ J&J) L30
Vermont—6s, 1890................... J & D 1074s 109
Virginia—6s, old, 1886-’9 5 ___J & J 48
6s, new bonds, 1886-1 895 ... J & J 48
6s, oonsols, 1905. ex-coup....... J&J 531s 55
6s, oonsol., 2d series..................J&J 65
1214 12%
6s, deferred bon ds.......................
37
Tax-receivable ooups., from cons’ls 36
2 36
Do
from 10-40s.
Funding bonds, 3s, 1932.........J&J
. 40k
10-40s, cp. & reg., 3 to 5.1919.J& !
C 1T 1 S E C U R IT IE S .
A lbany, N. Y .—6s, l o n g .... Various I 120
7s.long...............................
> 140
Allegheny, Pa.—5s,op., '8 3 -0 7 ..Var. 100 106
4 k s , coup., 1 8 8 5 -1 9 0 1 ........ Var. 100 105
4s, ooup., 1901_____. _______ Var. 105
Allegheny Co., 5s, cp., 1913.J&J§ 102 103
4s, n o t loan, 5-lOs....... .....................100 LOI
4s, riot loan, 1 0 -2 0 s..........................100 101
5s,
do
1 0 -2 0 s..........................102 103
4s, refunded. 5 -2 0 8 ,1 8 9 1 -1 9 0 6 .... 103 104
119
Atlanta, Ga.—7s...................................115
D o. 8 s . . . . . ......................................... 11)1
W AtA w apIt
114
Augusta, M e .-^ * , 1905, Fund *‘ J&Jt 121 122
Augusta, G a—7s..........
Various 109 112
’P rice nom inal; n o late transactions, t Purchaser also pays accrued interest.
Bid. Ash.
Cit y S ecu rities .
■ ______
__
_|_______
} In London.
§ Part being redeemed.
If Coupons on since ’69.
¿P B 1L
THE CHRONICLE.
2, 1887.J "
4:27
GENERAL
Q U O T A TIO N S OF STOCKS A N D BON D S— C o n t in u e d .
F o r E x p la n a t io n s See N otes a t H e a d o f F ir s t Pajce o f Q u o ta tio n s .
r a il r o a d
B o nd s.
Bid.
Ask.
R a il r o a d B
o nd s.
Bid.
Ask.
R a il r o a d B o n d s .
Bid.
Ask.
ihes.O. AS.W.—M. 5-6s, 1911. FAA 106
9 >111
9 1122 1124
2d mort., 6s, 1911.............. F A A
do
2d M ..7s,’87-92.J 1>110
3 >102% 102% Cues. A Ohio—Pur. m oney fd.,1898
115
Indianapolis C. A L ., 7s of ’ 9 7 .. . >117
3 > 95% 96
109%
Series A, 1908.................... . AAO
9 >102
9 1 97
98
'714 77%
6s, gold, series B .— ............ MAN
3 >115
9 >112
73
Extended 4s, 1986............... MAN
r 100 102%
Cin. Leb. A N or.1 >126% 127
27% Cin. Rich. A Chic.
6s, currency, int. d e f.,1 9 1 8 ..J A J
1 1116 116%
9 >115 117
do
incom e 7s
93 109
9 ¡112
6s, 1911..................................AAO.
9 1125 125% Ohio. A Alton—1st M., 7s, ’9 3 ..JAJ 116
N Mex.A8o.Pao.,1st,7s,190£
1101% 102
. 1124% 125
Pueblo A Ark.V., 1st, 7s, g.,
Sterling mort., 6s, g., 19 03.. JAJ Î121 123*
9 >102% 102%
[ 103 103%
Sonora, 1st, 7s. 1910, guar.
Bds. Kan. C. line,6s,g.,1903.MAN
) 106% ......
2 >115 118
Miss.Riv. Bridge, 1st.,s.f.,6s,1912 108 %
122
123 125
Louis’a A M o.R., 1st, 7s,1900FAA 121%
102% 1*0*3%
. 10 2 % 103
do
2d, 7 s, 1900 MAN 121
Income, 6s.
r 74 1 75
r 86%
St.L. Jaoks’v. A C., 1 st,7s,’94. AAO 1181«
40% 41
29
29%
W. D. Incomes, 1910..........
do 1 st guar. (564) ,78,’94 A AO 1181« 121%
20 n r Inoome 5s, 1931.
. 100 104%
Central Division, old, 6s ....
d o 2d M. (360), 7s, ’9 8 .. JAJ
100
100 10 1
do
new tis. ..
do 2d guar.( 188) 7s,’9 8 .JAJ
122
do
incomes, 1922
80
Chic. A Atlantic—1st, 6s.1920.MAN
123
*27** 32
do
acc. Id. gr. 6s
30
2d. 6s, 1923.............................FAA
130 130%
» ....... 105
Chic. B. A Q.—Cons., 7s, 1903.JAJ 1301« 131
' ........
110 % 110 %
5s gold, 19¿5........
Bonds, 5s, 1895...................... JAD 1102 103
no
107% 107%
E a s t Side 5s, 19 25.
........
5s. 1901....................................AAO 109% 110
{11 1
113
5s, debenture, 1913.............. MAN 107% 107%
107
{110
112
5s, 1919, Iowa D iv................ AAO 115
129 130%
{118
120
Sterling mort., 6s, g.,
991«
................AAO
4s, 1919,
do
Clev.AM . Val.—1st, 7s,g.,
{124
l26
do
6s, g.,
961«
4s, Denver Div., 1 9 22....... ..F A A
108% 109
Columbia A Gr.—1st, 6s, ]
i 125%
Parkersburg Br., 6s, 1
90is 90%
94
4s, plain bonds, 1921........... MAS
93
2d mort., 6s. 1926.........
123
Balt. A Pot’o—1st, 6s, g.
Bur. A Mo. R., I’ d M., 7s,’93.AAO t l l 6
99%
116%
124
1 st, tunnel, 6s, g., g’d,
do
Conv. 8s,’94 ser.JAJ > .......
79% 80
O.H .Val.ATol.—Con.5s.1931 ..MAS
........ 118
Bell’s Gap—1st, 7s, 189:
Mo.(Neb.), 1st,6s, 1918. JAJ
70
Gen. 6s gold, 1 9 0 4 ....______JAD
..... 1 1 0 % Bur. Ado Cons, 6s, non-ex..JA J >120% 1*2*0% Col. AHook.V.—lstM .,7s,’97.AA> >115 76
>103% 109
117%
do 4s, (Neb.), 1 9 1 0 ... JAJ 1 93
94
do
2d M., 7 8 ,1 8 9 2 .JA. >106
102
103
Cons. 4s, 1927.......
do N eb.RR,lst,7s,’ 96AAO f 115 115%
Col. A Toledo—1st m ort, bonds . >116
1115 115%
do Om.A S.W .,lst,8s,JAD 1109 123
do
2d m ort...................... >106
>116 117
111. Grand Tr.. 1st, 8s. ’9 0 ... A AO 109% 110
1112%
U 00 1 0 1 .
D ixon Peo.A H., 1st, 8s,1889. JAJ 10« 106% Col. Spriugf.A C.—1st. 7S.1901.M A* 109 109%
>113% 113%
Ott. Osw. A F o x R ., 8s, 1900. JAJ 1127% 128
>108
>106% 106%
QuinoyA Wars’w, 1st, 8 s ,’90. JAJ 109 103%
>115% 115%
......
Ztoh’n A N e b —1st,7s,1 9 0 7 MAS >124 125
>102 103
1st mort., 7s, guar.......
hie. Burl. A Nor.—5s, 1926 ......... 1104% 104%
26
33
92%
Debent. 6s, 1896.....................JAD 1041« 104% Connecting (Phila.)—1st, 6s
118
>113 113% Chic. A Can. So.—1st, 7s, 1902 AAC
20
8 5 ^ 86
Consol.RR.of Vt., 1st, 5s, 191
>114% 116
Ohio. Kan. A West’ n.—1st, 5s, 1926 100 1*0*0% C >r. Cow. A Ant.— Deb.6s, ’9
>1 1 0 % H l
1 Inoome 6s............................... .
67
........
68
Cumb. A Penn.—1st 6 s, ’ 91..,
103 104 IChic. A East 111.—1st mort. 6s, 1907 116% 118
4s, IS
Cumberl.Val.—lstM .,8s,190'
107% 109 1 Incom e bonds, 1 9 0 7 ......................
4%s,
>109 110
>116% 117
>....... 104
117% i*l*8 %
1st, con., 6s. gold, 1934 ___AAO
119 120
96
Chic. A Gr. Trunk—1st mort., 1900
>117%
Dayt. A West.111.6 % 117 1
CI1.A Ind.Coal R’y .ls t 5s, 1936 JAJ 100% i b i
>125 130
Best. A Revere B’ü—lst,6 s.’ 9 7 . J AJ 1119 12 1
Chic. A Mich. L. S. lst.Ss, 1 8 8 9 ....
118
Bradford Bord. & K.— 1st, 6s, 193',
50
Ohio. Mil. A St. Paul—
Del. A Bound B’k—1st, 7s,1905FA A 130
Bradi.Eld.& Cuba—lst.6s,1932J& .
........ *115
P. du C. Div., 1st, 8s, 1898. FAA 131% 132
Del.Lack. A W.—Conv.7s,189i
108 109
116
P. D., 2d M., 7 3-10s, 1898 .FA A
124
Mort. 7s. 1 9 0 7 .....................
80
81
1st, $, gold, 7s, 1902 ............. JAJ 128% 128%
j 120 124
Bufi. Brad. A P.—Gen.M.7s,’ 96.JAJ 103
La. C., 1st M., 7s, 1893...........JAJ 119% 121
137% 138%
I. A M., 1st M., 7s, 1897.........JAJ 12
78% 79
1st con. 4s, 1936.
40
45%
I’ a. A Dak., 1st M., 7s, 1899. JAJ 124%
79%
35
Hast. A Dak., 1st M.,7s, 1910. JAJ 125% 126
74% 75%
........
do
assented...,
do
5s, 1 9 1 0 .... . JA J
79
76
Denv.S.P.A Pac.—1st,7s,1905 MAN
Union & Titusv., 1st, 7s,’90. JAJ
35
Ohio. A Mil., 1st M .,7s, 1903.JAJ 129% 132
92
D esM .A F t.D .—Guar.4s, 1905. JAJ
WarrenA Fr’kln,lst,7s,’96FA.A
107
1st mort., consol., 7s, 1905. .JA J 129% 132
50 __
do
incom es, guar. 2 %s
Boil, A Southwest.—6s, 1908.. J.AJ
90
92
1st M., I. A D. Ext.. 7s, 1908JA J 129% 132
1st mort., guar. 4s, on extension.
Bur. C. R.AN .—lst,5s,new,’06.JAL 108% 110
1st M.,6s, S’ thwest D iv,1909JAJ 117% 119
Det.AB.C.lst,8s,en.M .C.1902M AN 118%
Cons. 1st A col. tr., 5s, 1934.. A AO 100% 102%
103
1st M., 5s. La C. A D av. 1919JAJ 105% 103
Det. B. C. A Alp.. Ist.6s.1 9l3 JAJ
Minn. A St. L., l s r. 7s, guar. JAD
So. Minn. 1st 6s, 1910. T___..J A J 116%
116
Det.G.HavenAMU.—Equip.6s.1918 {114
Iowa C. A W , 1st, 7s, 1909.MAS
114
Chic. A Pao. Div. 6s, 1910 . . . JA J 118% 121
Con. M., 5* t ill’ 84, after 6*. .1918 {112
a Bap.LF.A N .,lst,6s,1920.AAO 105 110
do
West. Div., 58,1921.JAJ 107% 108
Det. L. A North.—1st, 7s, 1907.JAJ >125 126
do
1st, 5s, 1921___ AAO
Chic. A Mo. Rlv. 5s, 1926___JA J
Det. Mack.A M.—1st, 6s,1921.AAO
Califor. Pao.—1st M., 7s, g.,’87. JAJ ...... 10 ¿
55
Mineral Pt. Div., 5s, 1 9 1 0 ...JAJ
L a id grant 3%s, S. A., 1911.......
2d M.. 6s, g ., end C. Pao., ’ 91. J A J 100
Chio. A L. Sup. Div., 5s, 1921JAJ 104%
Inoome, 1921...................................
3d M. (guar. C. P.), 6s, 1905.JAJ 107 i ï ô
Wis. A Minn. Div., 5s, 1921.. .JAJ 105% 10 5 Dub. A Dak.—1st M., 6s, 1919. JAJ
do
do
3s, 1905.JAJ
70%
Terminla 5s, 1
Cal.So.—1st 68 (Atoll, guar.). .JAJ 1 1 1 % 112 I Dubuque Div., 9 1 4 ................. JA J 103% 103% Dub. A 8. City—ls t,2 d D iv.,’94. JAJ
1st, 6s, 1920. JAJ 118% 119
Dunk. A. V. A P .~ lst,7 s,g ..l9 0 0 J A D 110
89% 90
Wis. Val. Div., 1st, 6s, 1920. JA J 111 % 11 2
East Penn.—1st M., 7s, 1 8 8 8 ..MAS
Camden A AtL—1st, 7s, g .,’93..JAJ 116
Fargo A S outh.- 6s, ass. 1924 J AJ 113 117
E.Tenn.Va.A Ga.—1st, 7s,1900 JAJ 12*3** 124
2d mort., 6s, 1904................. AAO 112
Inc. oonv. sin. fund 5s, 1916. JA J
.........
97
Divisional, 5s, 1930................JAJ 105
Cons. 6s, 1911......................... JAJ
Dak. A Gt So. 5s, 1916.........JA
Ala. Cent., 1st, 6s, 1918.........JA J
Canada So.—1st M.,guar.,1908,JAJ 105% 106% Ihic.AN.W.—Consol., 7s,1915.» J
139% 140* E. Tenn. V. A G a.R ’y.—1st,5s,1956.
*99% 99%
2d mort., 5s, 1913................. MAS
92% 92%
Consol., gold, 7s, op., 1902.. JAD 130%
99%
East. A W. Ry., Ala. —
1st, 6s, 1912
Cape Fear A Y ad .V a l.,lst,6s,l9 16..
96% 97
Sinking fund, 6s, 1 9 2 9 ....... AAO 120
Eastern, Mass.—6s, g .,1906. -MAS >128 123%
Carolina Cent.—1st,6s,g.,1920. JAJ ...... 110
do
5s, 1929.............. .AAO 110% 112
Sterling debs., 6s, g., 1 9 0 6 ..MAS U 2 4 129
2d, ino., 6s, 1915................... AAO
SO
85
do
debent., 5s,1933.MAN 110 %
Eliz. City A Nor.—S.F. deb.,6s. AAO
3d, ino., 68, 1910.............................
27
31
Exten. bds. 4s, 1886-1926...FAA
95% 95%
1 st mort., 6s, 1920..................MAS
Catawissa—Mort., 7s, 1900.. .FAA
125
25-yrs. deb. 5s, 1909............MAN 107% 107% Elizab.Lex.A Big S.—6s, 1902. MAS
104
Cedar F. A Min.—1st, 7s, 1907. JAJ 105 106
Esoan.AL.Sup., 1st, 6s, 1901.JAJ 116% 117% ElmiraA W ’m sp t—
1st 6s,1910.JAJ i*22
Cedar R. A Mo.—1st, 7s, ’9 1 .. .FAA >109 109%
115%
Des M.A Minn’s,lst,7s,1907.FAA
5s, perpetual...........................AAO
1st mort., 7s, 1916................MAN 135
135%
Iow a Mid., 1st M., 8s, 1900. AAO
Erie A Pittsb.—2d, now 1st___JAJ 105
2d mort.. 7s, 1909, quar....... JAD 1119
L1
2
Peninsula, 1st, oonv.,7s,’98.MAS
Cons, m ort,, 7s, 1898 ............ JAJ 113 116
Cent. Br. U. Pac., Iste ,6s, ’9 5 .MAN 105
Chic. A Mil., 1st M., 7s, ’9 8 ..JAJ
124%
Equipm ent, 7s, 1 9 0 0 ...........AAO 100
Fund, coupon 7s, 1895 ....... MAN 105
Mil. A Mad., 1st, 6s, 19 0 5 ..M.AS.
Evansv. A Crawf.—1st, 7s, ’87. JAJ 100 .........
Atoh.A Pike’s P'k, 1st. 6s, g. MAN 107% 109
Madison Ext., 1st, 7s, 19 11.AAO
Evans.A Ind.—1st,guar.,g.,6s, 1924 ....••
Atoh.Col.APac.,1st,6s,1905Q.—F 105 106
Menominee E xt.,1st,7s, 1911 JAD
112
lBt, con., 1926.......................... JAJ
Atch.J.Co. AW.,1st,68,1905.0,—F
L06
Northwest.Un., lst,7s, 1917.MAS
Evans. A T .H .,lst con., 6s, 1921, JAJ 117% 118
Cent, of Ga.—1st. cons., 7s, ’93. JAJ 1 1 2 % L13%
111%
Mt. V ernon—1st, 6s .............. AAO
Cent. Iowa—New 1st., 7s , ’99. JAJ I I ............... 91%
Ott. C. F. A St. P., 5s. 1 9 0 9 ..MAS 107 108% Evansv.T.H.AChi.—1st, 6s, g.MAN 101
... . ..
Inc. bonds,“ debt certs.” , 7s,AAO
North. Ills., 1st, 5s. 1910....M A 8 107
Fitchburg—5 b, 1899................. AAO 1110 110%
Eastern Div., 1st, 6s, 19 12..AAO
70
( Jhic.R.I.APac.—6s, 1917, coup J&J 133 136
112
5s, 1900-01-02........................ AAO t i l l
Ills. Div., 1st, 6s, 1912.........AAO
6s, 1917, r e g ...........................JAJ 131% 133%
6s, 1897................................... AAO tll7 117%
Cent.RR.of N.J.—1st, 7s, 1890FAA 107
Exten. A col. 5s, 1934............JA J 108% 108%
7s, 1894.................................... AAO >119% 120
7s, oonv, 1902, assented___ MAN 1 1 2 % 113
Chic. A S. W ..lst,7s,guar.,’99.MAN
Flint A P. Marq.—M. 6s,1920.AAO 122 125
Çonsol.M.,7 1899 assented. Q—J 1 1 2 % 113% ( !hic. A St.Louis—1st 6s, 1915
s,
,
H olly W. A M., 1st, 8s, 1901. JAJ
Adjustment bonds, 7 1903
s,
MAN 106
106% ( ¡hie. Santa Fe A Cal.—1st, 5s
.05
Ft. Madison A N. W., 1st 7s, g.,1905
Çonv. deben. 6s, 1908....... MAN
89
Chic. St. L. A P.—1st, 5s, 1932 AAO l o i % 102
92%
Ft.W orth A Denv. C.—1st, 6s, 1921
Am. Dk.A Imp. Co., 5s,1921. JAJ 102 % 103
Chic. A Gt. East., 1st, 7s, 93-’95 105
Frem’t Eik’nA Mo.V.—6s,1933AAO 1122 123
Beh. A Wilkesb.Coal,inc.,’ 88,MAN
100
Col.A Ind. C., 1st M., 7s, 1904.JAJ >123
do
do
Unstam ped.. 1119 120
Consol., 7s, gold,1900, ass’d.Q-M Í l 3 % 114
do
2d M.7s,1904.MAN >120
Q.H.ASauAnt.—1st,6s,g. 1910. FAA 107 114
cent. Ohio—1st M.. 6s, 1 8 9 0 ..MAS 105 107
Un. A L ogansp.,lst,7s, 1905. AAO >118
120
2d mort.. 7s, 1905......
J&D
Cent. Pac.—1st, 6s,gold, 1895 .JAJ 115*s 116
Cin. A Chic. A. L., 1886-’9 0 ......... >100
West. Div. 1st, 5s, 1931___MAN
1st, 6s, gold, 1896................... JAJ 116 116%
Chic.St.P.Min.AOm.—Cou. 6s, 1930 122% 123
91%
do
2d, 6s, 1 9 3 1 ...JA J
1st, 6s, gold, 1897................... JAJ 116
Ch.St.P.A Minn. lst,6s,1918M AN 123
127
79
Gal.Hous.A Hen.—1st,5 s.........AAO
l«t, 6s, gold, 1898................... JAJ 116is
i *17%
North Wise., 1st 6s, 1930___JAJ 122
127
Georgia—7s, 1883-90.................JAJ
1st M.,68, g .1900. A&O l l ò i e
St. PaulA S.C ity,lst6s,1919.A A O 127 127%
6s, 1889......................................JAJ Ì08* 109
Bai. A Oregon, 1st, 6s, g .,’88.JAJ 101
Chic. A T om ah.—6s .......................... {119
123
Georgia P acific—1st, 6s, 1922. JAJ 108 109
r>«i
series B, 6s, 1892 103
Chic.A W.Ind.—S.fd. 6s, 1919 MAN
63
117
60
2d m ort................. ...........................
Bai. A Or. C.P.bonds, 6s,g.,’92 JAJ {107
110
General mort., 6s, 1932 ___Q —M 113%
124
Gr. Ran. A Ind.—1st, l.g., g ’d, 78, g.
Baud grant M., 6s, g., 1890.AAO 104 105%
Chic. A W. Mich. 5s, 1921. ..J A D 100% ip i * '
lstM .,7 s,l.g ., gold,not guar. AAO 1116
m,
Pacrf., 1st, 6s, g., ’9 9 ..JAJ 11514
Cin. Ham. A D ayt.-C on sol.5s AAO >109 110
E x land grant, 1st 7s, ’99............. >100
°oS f*te C°1-AA.—i onsf,7s,’95.JAJ 113 114%
C
Consol, m ort., 7s, 1905.........AAO 127%
92%
90
Consol. 5s, 1 9 24..................... MAS
¿a m on., 7s, 1 9 1 0 ................. a a o 110
Consol, mort., 68, 1905____.AAO >118 120
Gr.B’yW .ASt.P.—1st,6s, 1911.F.&A 104 106
Jheraw ADarl.—ls t M ., 8 88
s,’ .AAO 105
Cin. H. A I., 1 st M., 78,1903. JAJ 110 111
41% 42
¿dm ort., 7 s ....
2d, incomes, 1911..........................
101
Gulf Col. A 8. Fe—1st, 7s,1909 JAJ 121 121 %
Bneshlre—6s. 189Ü98 V.V.'.V. j ¿ j ! 110 110 % Cin. I. St. L. A Chic.—Con. 6s, 1920 110
1st gold is, 1936.................... Q—j 100
2d, 6s, gold, 19 23...................AAO 105 103
Pnoe nominal, n o late transactions.
i Purchaser also pays accrued interest.
{ In London.
Coupon <»tl.
c In Frankfort.
fV O L . X L I V .
i H E CHRONICLE
428
GÉNÉRAL
R ailroad B onds.
Bid.
Q U O T A TIO N S
Ask.
OF
STOCKS
R a il r o a d B onds .
AND
Bid.
BO N D S— C o n t in u e d .
R a il r o a d B onds .
Ask.
Bid. Ask
{49
50
Memphis & L. R ock—1st, 8s, 1907 108
do
prior lien4nc.ac.,5-6s,’95 {106 108
Han. & St. J o .- Con. 6s, 1911 .. M&S 1 1 9k 120
Memph.& Char).—1st,7s, 1915. J&J 125
110
12
ill
H a n Is. P. Mt. J. & U —1st, 4s. .1913
2d mort. In o.. . . . . . . . . . . .
2d mort., 7s, exten ded.......... J&J 125
99
6
{5
Hart. & Conn. West.—5 s . .....1 9 0 3
3d mort. ino.....................................
1 st consol. 7s, 1915................. J&J 120
75
86
H o’st.E.&W. Tex.—ls t,7 s ,’98.M&N 68
Leased L. rental trust, per deb. 4s {84
1st, cons.. Tenn. lien, 7s, 1915 J&J 125
153
58
West. ext. oertifs, 8s, 1876—J&J
2d, 6s, 1913......................... -J&J
Gold, 6s, 1 9 2 4 ..................... ...J & J 101
60
H.& Tex.Cen—1st m .,7s,guar.l891 111143b 115
do
do
7s, guar. Erie {55
Metrop’n Elev.—1st, 6s, 1908, J&J 117% L18k
West. D iv., 1st, 7s, g., 1 8 9 1 - T&J4ji 108»«
_____biL & Nor.—1st, 1923 -J & J Í 0 5 k 106
111
L llk N
2d 6s, 1899.......................... M&N
5 5 k 57
W aeo& N . W ., 1 s t,7s,g.,1903.J &J ll]13 115
Income, 6s. 1933....................A&O
64
63
Mexican Cent.—1st, 7s, 1911—J&J
96
I
Cons, m ort., 8s, 1912......... --A & 0 100 103
r.Y.Susq. & W.—1st, 6s, 1911.J&J I 94
59 k 59% N
Scaled 4s, 1 9 1 1 .......... - ......... J&J
71% 72
I
Gen. m ort. 6s, 1921 ...........A&O
Debentures 6s, 1897............ F&A I 71
59
59 k
Bond scrip....... ...........................
111»«
9 2 k 93
Hunt. & Br. T o p -1 s t , 7s, ’90..A&O
1st refund., 5s, 1937.............. J&J
Incomes, 1911........................... —• 2 0 k 20 k
2d m ort., 7s, g., 1895............ F&A 119 120 k
Midl’d o f N. J . - l s t , 68,1910. A&O 113 11 3k
96
9 6k
Debenture 10s, 1 8 9 0 -9 5 ..... A&O
103 103 k
10
I lk
Cons, 3d M. 5s, 1 8 9 5 ........- - A & 0
Wood.& Rock . 2d Inc. 1912.
N
89% 90
117
Scrip 10s. 1889 ....................... J&J
Clllnois Cent.—1st Chl.&Spr.’98 J&J
40
S___k &W.—Gen’l M., 6s, 1931 M&N 112
39
Mexican Nat.—1st, 6s, 1912 ..A& O
10*7 k 108
115*
1st, gold. 4s, 1951................ J&J
New R iver 1st 6s, 1932........A&O
89% 91
Speyer & Co.’ s cert.........................
99
9
99
97
Gold, 3kP, 1 9 5 1 ....................J&J
Impr. & E xten., 6s, 19 3 4 ....F & A
Mich. Cent.—Consol.,7 s, 1902.M&N 129 131
106 k
Middle Div. reg. 5s, 19 21.. F&A
Adjustment 7s, 1924.........Q.—M.
Consol. 5s, 1902 —. —. . .........M&N 110
85
80
Sterling, S. F., 5s, g., 19 0 3 - A&O {109 111
Conv. deb., 6s. 1894..............J&J
1st M. on Air Line, 8s, 1890. J&J 108 108 k I
116
Sterling, gen. M.,6s, g., 1895. A&O {114 109
N orf’ k & P etersb.,2d, 8s, ’ 93. J&J 114
Air Line, 1st M., 8s, g u a r - .M&N 10Ö 106k
Sterling, 5s. 1905.................- J&P 1107 124
South Side, V a..lst, 8s,’ 84-’ 90. J&J 100
6s. 1909..................................
Chlo.St.&N.O.—1st con. 7s, 1897. 118
do
2d M., ex t.,1899. J&J 108 110
110
2d, 6s, 1907..........................J&D 118
do
3d M.. 6s,’86-’90.J&J ♦100
Kalamazoo &8.H., 1st, 8s,’90.M&N 104 ib*5
118
Ten. lien, 7s, 1897.............M&N
Va.& Tenn., 4th M .,8s, 1900.J&J 124 125
J.L.&Sag.NorthExt.,8s,’90
5s, 1951, gold ...................... J&D 115 »5 I i 6 k
do
extended 5s,1900. J&J 10 S 110
112 i ï ’i k L
do
C ons.lstM .,8s,’ 91
105 107
N.O.Jack.&Gt.N.2d8s,ctfs.A&0
1 (4
........ >
42
do
6s,1 8 9 1 ..................
124
Illinois Midland, 1st, 7 s .......... 1905 t 38
1 .0
......... N
120 126
fn d . Bl. & W.—1st, p f.,7 s, 1900J&J
Oen. mort., 7s, 1903 ..............J&J 132k i*33*
....
96
Mich. & O hio—1st, 6s, 1923 —M&]
95
1st mort., 5 -6 ,1 9 0 9 ,Tr. rec.A&O
New loan, 6s, reg., 1905....... M&S
100
idd. Un. & Wat. Gap—1st m ort.
83k
2d mort., 5 -6 ,1 9 0 9 , Tr. rec.A&O
81
*lortheast.,S.C.—1st M .,8s,’99,M&S 132
79
2d mort. 5s. quar. N.Y. S. & W 130
Income, 1 9 2 1 ............................... — 3 3 k 3 4 k
2d mort., 8s, 1899............
121
94 s
East. Div., 6s,1921,Tr. r e c ... J&D
. J >lorthero, Cal.—1st, 6s, 1907—
J&J 120 121
115k
Ind.D eo. &Sp.—1st, 7s, 1906.A&O 105*" lov
J&J 107
......... 115k ifort-hern Cent.—4 k per cen t—
2d mort., 5s, 1911................... J&J|
3d m ort., 6s, 1900................. A&O 123 k
105 k 106
40
ls t, incom es.........................
2d, income, 1906, Tr Co. cert.J&J 38
Con. m ort.,6s, g.,eoup., 1900.J&J 1 2 0k 122
1 0 4 k 108
St. P. E. & Gr. Tr’k, 1st, gua
New 1st mort. 6s, fu n d e d ............
Mort. bds., 5s, 1926, series A J&J 110k
110 110k
Mil. & No.—1st, 6 8 ,1 9 1 0 Ind’polis& St.L.—1st,7s, 1919. Yar. ÏÏ2*
•do
series B ........................ 1 0 9k
107
107 k
1st, 6s, on extension 1913
ffnd’ apolis& Yin.—1st, 7s,1908. F &A 119
Con. m ort, stg. 6s, g., 1 9 0 4 - .J&J {110 113
......... 133
Minn’p. & St. L.—1st M., 192’
LO^
2d m ort.. 6s, g., guar., 1900.M&N 104 121
Northern, N.J.—1st M., 6 s ,’ 88. J&J n o o
.. ^
116
1st M., Iow a City& W., 190Í
Int. & Gt.North.—1st,6s, 1919. M&N 120
North. Pao., P. D ’O Div.—6s, M&S 103
100 ......... Î
96
2d mort., 7s, 1891....... —. . .
105
Coup. 6s, 1909........................ M&S
Mo. Div. 6s, 1 9 1 9 .................M&N
> .........
1
Ionia & Lansing—1st 8s, ’ 89. .. J&J 1108 109
Gen’l 1. g., 1st, 6s. 1921—.. - J&J 11678 L17
> 110 . . . . . .
Iowa C ity * West.—1 st,7s,1909M&S
Gen. land gr.,2d, 6s, 1933...A&O 10 7k
90
.......
1135 135k
F a Falls * Sioux C.—1st, 7s,’99 A&O
James Ri v.Val.— isc.g. ,6s.’36 J &J 108 110
J .........
Minn’p. & Pac., 1st, 5s 1936.
90
Jefferson—H awl’y Br. 7s, ’ 8 7 —J&J
Spokane & Pal.,1st 6s, 1936.M&N l o 6 k
Í 10 4k 105
103k Minn. & N. W.—1st, 5s. 1934.
1st m ort., 7s, 1889................. J&J
et.P.&Nor.Pac. gen.6s,1923.F&A l l b k 120
> 115 ........
116
105
Jeff. M ad.& Ind.—1st, 7s,1906.A & 0 t l l 5
North. Pao. Ter. Co. —
lst,6s,’ 33.J&J
I 103 110
8s, series “ B ” ............ —
2d m ort., 7s, 1 9 1 0 ...—...........J&J U18 119
Norw’h&Woro’r—1st M.. 6s.’97.J&J 117 119
110% 111
fo.K . & T .—Cons. 7s.. 19(
t l0 5 105 k
Jon otion (Phil.)—1st,4 k s ,1907 J&J
) 101 1 0 1k Ogd’nsb’g&IhCh.—1st M.6s,’97,J&J 1103
Consolidated 6s, 1920.
10 3k
2d mort., 6s, 1900..................A&O
Sinking fund, 8s, 1 8 9 0 .... --M&8
1 87% 88
76
75
Kanawha & O.—1st ds, 1936 J.&J
Consol, ,6s, 1920.................... A&O 109 iOOk
1 105
104% 105
4 0 78 41
Kan. O. Clint’n & Springfield—1s,5s
Incom e, 3s & 6 8 1 9 2 0 ...— . . . . . . . .
110
f .........
K C .F t.8 co tt& G —1st,78,1908 J&D 1117 k 118
\ 10* k ......... Ohio C en —Riv. Div., 1st, 6 8 -1 9 2 2
f 12 2 k L23
Income, 6e, 1922, Tr. r e o .... . . . . .
f 116k
1 1 lfc% 113
120
J 109 ......... Ohio&Miss.—Cons. S .F .7s, 9 8 .J&J 11 8k 120
K.C.St.Jos.& O.B.—M. 78,1907. J&J 1125 125k
Cons, m ort., 7 s, ’9 8 ................ -J&J 1 1 8 k
.........
3 .........
117 119
K. C.Spr. &Mem —1st,6s, 1923.M&K 1 1 0 % 1 11
2d m ort., 7s, 1911..................A&O
g 1*5 I.........
70
93
Ken. Cent.—Stamped 4s, 1911.J&J
1st gen , 5s, 1932................... J&D
3 ....... . . . . .
Keokuk&Des M.—l8t.58.guar. A&C 1 1 0 I n .!
1 st m ort.,Springf.Div.,1905 M&N 11Ó 112
63%
63
95
99
109
Knoxv. & Ohio 1st, 6s, 1925—.J&J
34 ........ Ohio Southern—1st 6s, 1 9 2 1 ... J&D
2d pref, debentures. .
45 k
Lane Shore & Mich. So.—
32
2d inoome, 6s, 1921................
— 45
3d pref. debentures..
Cl. P. & Ash., new 7s, 1892—A&C 115k! 115%
Old Colony—6s, 1897................ ^&A f 1 1 9k 120
30
4th pref. debentures.
123k
t l l o k 116k
B ufl.& E .,new bds, M.,7s,’98.A&(
6s, 1895.................................... J&D
D 112
Buff. & State L., 7s, 1 8 8 6 ....J&.
7s, 1 8 9 4 .................................. MAS H l 9 k 120
J ....... . . . . . .
1110 111
Det.Mon.& T ol.,1st,7s,19 06.F&A 126 k
41^8 1 9 0 4 .............................. ...
J ....... 106
Kalamazoo A1.& G r.R .,lst.8s. J&J
Bo8t.C.&Fitehb.,lst,7s,’89-90J&J H 07 10 7 k
74
J
72
1114 115
Kal.& Schoolcraft, ls t ,8 s ,’87.J&.
B. O .F . & N. B., 5s, 1910 - J&J
J 108 . . . . ..
KaL&Wh. Pigeon,1st, 7s,‘90..J&.
N. Bedford RR., 7s, 1894 - J&J 1 118 120
Ò ....... 124
{106 108
Dividend bonds, 7s, 1899—. A&( 124=’ ' 127
S 142V ......... Oreg.&Cal.—1st 6s, 1 9 2 1 ......J & J
126
L.
8.&M . S .,con s.,op., 1st,7s.J&.
2d m ort., 7 s..............—
A 110* .........
L25
i b ö k 101
do oons.,reg.,lst,7s,1900.Q —•
j ____
f 124
do eons., op., 2d,7s, 1903..J&l 123k 123%
ó ....... 129
L24
lio
{lo 8
do oons.,reg.,2d, 7s,1903.J& I
D 135
96
Mahoning Coal RR. 1st, 5s.. J&. 104
Sinking fund sub., 6s, 1910
A 109 s l i ó
{102 105
ILawrence—ls tm o r t., 7s,1895.F&A
Subsidy bonds, Eng. issue, 6 s ....
. 108» 110
124
5s, 1900.
Lehigh Val.—1 st,6s,coup., ’98. J&I
Penn.RK.—Gen.M,6s,dp.,1910Q— 133 135
rj 12R1<
124 124k
13 7k
1st mort., 6s, reg., 1898...... J&I
Gen’l m ort., 6s, reg., 1 9 1 0 - A.
cj ioa*t 110k
..... 124 k
2d m ort., 7s, 1910................ M&£ 14 0k U 3
Cons, m ort., 6s, reg., 19 0 5 -th 130k
..... 124k
Gen. M., s. f., 6s, g., 1 9 2 3 ..- J&I
do
68. coup., 1 9 0 5 - J<
L ....... ............
O
Natchez Jack. & Col.—1st, 7
104 107
L . Miami—Renewal 5s, 1912—M&N 1 1 2 k 115
1 102
Newark & N. Y.—1st, 7s, 18
110k
L .R 00X& Ft.S.—lst,l.gr.,7s ’95. J&J 1 1 3k 114
Consol. 5s, 1 9 1 9 -----. . .
N 98 100k
New’kS’set& S—1st. 7s. g..’8
110
Long Island—1 s tM., <s, 1898.M&N 122
Penn. Co., 6s, reg., 190
i.l 100
N’bvrgh&N.Y.—IstM . 7s,18
115
105k
lo 5
1st consol. 5s, 1931................Q—J
do
1st M .,4 k s,
103 104
N. J. Junction, 1st, 4s, 1 9 8 6 ..F& A
123k
.........
Newtown & FI., 1st, 7s, 1891 —
»enn.& N.Y.Can.— 1st. 71
100
New Jersey & N. Y.—1st m ort —133
132
LuI.City & Flushing—1st, 6s,1911
1st mort., 7s, 1 9 0 6 ....
100 101
N.Y.&Mau. Beach, 1st 7s,’ 97,J&J T oe ......... N. J.Southern—1st M .,new 6s. J&J
N. O. & N orth east.-P rior 1.6 s.l9 15
i i 2 k .........
N. Y . B. & M. B .,lst con. 5s, 1935
N.Y. & Can.—£ M.. 6s, g.. 1904.M&N t i u " 116
86
83
Lou’ v.C.A Lex.—1st,7s,'97 J&J (ex, i l 5 k 116
2d mortgage 1927.....................
N. Y . Cent. & Hud. R.—Ex.os.M&N i0 6 k
116 117
87
84
2d m ort., 7 b , 1907......... . .A&C
13 3k 136 ! Incomes, 1 9 2 0 ....... ..... ........ - - Mort., 7s, coup., 1903............J&J
108% 109
Lou. & Nashv.—Cons. 1st, 7s, 1898- 12 1
Evansville D iv.,1st 6s,192o.M&S
Debenture 5s, 1904 .............. M&S 107 10 7k
ill
110
87
81
Cecilian Br., 7s, 1907............M&S
do
incom e, 1 9 2 0 ....
Sterling mort., 6s, g., 1 9 0 3 ... J&J 1 121 123 !
112
Louisville loan, 6s, ’ 86-’ 87—A&O
Peo.& Pekin Un.—lst,6s,1921.Q—F
New York Central—6s, 1887. J&D 10 * %
76
Leb.-Knoxv. 6s, 1931 ........ M&S
2d m o r t .4^8, 1921—. . . ——Q—F
96 ~
N.Y.Cliic.& St. L.—1st,6s,19 21.J&D
97
96
Louis. Cin. & Lex., 6s. 1931.M&N
9 2 k 95 j Perkiomen—1st M., 6s, 1887.. A&O }88
Ï
2d 6s, 1923...................
M&S
i i 18 i*2 '
92
Mem.& 0 .,stl., M.,7s, g.,1901J&l>
Cons. mort.. 6s, 1913, sterling ...
N.Y.City& No.—Gen’l,6s,1910M&N
ti l
lo 7
M.
&Clarksv.,8t’g,68,g.,1902 lF&A114
Petersburg -Class A , 1926 ——J&J
72
Trust Co. receip ts...........................
106% 107
N. O. & Mobile. 1st 6s, 1930. J&J
122%
Class B, 1926................... a v ; a ,‘T1 107% 108 k
94% N. Y. Elevated.—1st M., 1906.J&J
93
104%
do
2d, 6s, 1 9 3 0 ....J& J
3 5 k Phila. & E rie—1st M.,7s, 1888.J&J {1*5 128
N. Y. & Greenw’ d L.—1st M. ino. 6s 33
Pensacola D iv.,1st,6s,1920—
M&S 100
Gen. M.. guar., 6s, g., 1920. -J&J
9
6
2d m ortgage incom e............. - - - - lió
St. Louis Div.. 1st, 6s, 192 1-M & S 112
Consol. 5s. 1920---.........
N.Y.&Hariem—7s,coup.,1900.M&N 130
57 k
do
2d., 3s,, 1980.M&S
Sunbury&Erie, IstM .,7s. 9/.A.&0
N.Y. LaoU.& W.—1st, 6s, 1921.J&J 126k 129
Nash. & D ec., 1st 7s, 1900.. .J&J 118
Phiia & Read’g— 1st, 6s, 1910.J&J 1*2 ........
2nd, 5s, guar., 1923............... F&A 107 109
114%
E. H. & N., 1st 6s, 1919....... J<S g
2d, 7s, ’9 3 ..............- ................ A.&U 114
N.Y.L.E &W. -ls t ,7 s ,’97, ext.M&N
Ho
40k
Gen’l mort., 6s, 1 9 3 0 ............ J S
<
—- .
J&J
2d mort, exten., 5s, 1919 . . . M&8 112^« 113k • Debenture 6s, 1893 reg.&....... J&D 12 6k Í2 6 k
106 .........
80. & No. Ala., S. F. 6s, 1910 A<!
Consol. M.,78,1911,
op.
......
3d mort. ex. 4 k s , 1923.........M&S 105
116 118
ls tm o r t,, sinking fund, 8s ..
Cousol. m ort., 6s, 1 9 1 1 ——..J& D
4th m ort., ext., 5s, 1920— —A&O 115
105
Trust bonds, 6s, 1922.......... Q—M 106% 107 k
Improvement mort., 6s, ’97 .A&O
5th mort., 7s, 1 8 8 8 ................J&D I0 4 k 105
102
102 103
Ten-forty 6s. 1 9 2 4 .............
Geu’ l mort., 6s, 1908.............. J&J
1st cons. M., 7s, g.,1920....... M&S 134
95
lo l%
94
Pensa. & Atl.—lst,6s,gu ,’2)
i Gen’ l m ort., 7s, 1908..............J&J
99k
New 2d cons. 6s, 1969...........J&D
45
110
110 k
I/sv .N . A. & Chic.—l8t,6s,191<
Convertible, 7s, 1 8 9 3 .........- J&J
64
Collateral Tr. 6s, 1922..........M&-^
96
96k
6*
Cons. 5s, 1st series................ M&N
92
Fund. 5s, 1969 ......................J& D
46
45
Lo’isv.N.O.&Tex.Cons. 5s, 2d series..................*& A
131
1st eons, fund coup.,7s,1920 M&S
1 2 1 % 122
Conv. adj. s c r ip ...................... J&J
98
2d ooni. f ’d op., 5s,1969....... J&D t 94
113
m i
{90 io o
Scrip for 6 deferred k coupons .
113
Reorganizat’ n 1st lien, 6s, 1908
12
f 134 136
Cons. 7s, 1912...............
Deferred incom e............... .——
72%
Gold incom e bonds, 6s, 1 9 7 7 ....
57
1105 107
56
Androscog. & Ken., 6s ..
Incom e mort., eons. 7s, ’96, J&D
115
Long D ock mort., 7s, 1893—J&D
40 k
U 12 113
Coal& I., guar.,7s,’92,ex-op.M&S
120
do
con. g., 6s, 1935 ..A & O
109
1112 113
Phila. Wil. & Balt.—6s, 1892-A & O
113
N.Y.&.NEng.—1st M., 7s, 1905J&J 1 2 6 k 127
108 109
u n
Debenture, 6s, 10-20 —
6s, 1900...................................
117
1st M., 6s, 1905....................-J & J 116
♦107 108
87 k 90
5s, 1910............ - ....................J & D
103
2d m .,6s, 1902.........................F&A 108 1 0 8k
112 113
Trust certs., 4s, 1 9 2 1 .............J&J l0 2 k
95
94
2 d 6s (sealed to 3s)........... ..F & A
106k 107
6s, 1908...................................
112 k Pittsb.Bradf.A 6.—ls t ,6 s l9 llA & 0 119
N. Y. N. H. & H .ls tr . 4s,1903.J&O
) 1 0 1 k 1102
6s, 1923 (extension)............
Pittsb.C.A St-L.—1st. 7s. 1900.F&A
) 10 1 l l o l k N.Y.Ont.& W.—1st, g.. 6s. 19 i4. M&s 107k ........
6s, 1925 (Mary. & W est.)..
HCoupon off,
{ In Loudon.
t Purchaser also payB accrued interest.
♦Price nom inal; no late transactions.
110
......
T-
......
.....
.... ..
......
N
A
p r il
THE CHRONICLE.
2, itW7.1
GENERAL
fo r
QU OTATIO N’S
OF
429
STOCKS
E x p la n a t io n » see Mote« at H e a d
A N D BONDS — C o n t in u e d .
o f F ir s t P ane o f Q u o ta tio n « .
Bid. Ask.
Railroad Stocks.
Bid. Ask.
R ailroad Stocks.
Bid. Ai k.
} 115 120
Pittsh.Cl.A Tol.—1st, 6s, 1922. A AO
e. 108 110
Camden A Atlantic ..................... 50
Pittsb.&Con’llsv.—lstM .7s,’ 98. J &J 121 122
D
95
96
do
P re f..............50
46
Sterling cons. M., 6s, g., guar.J&J1 |128 130
0 .......
Canada Southern......................... 100
61%
r
Plttsb.Ft.W. & C.—1st,78,1912 Var 141% 112%
do
A 102
Canadian Paeifio.......................... 100
62%
1 139
2d mort., 7s, 1912................... J&J
e 1109
S
111
Catawissa....................................... 30
15
)
3d mort., 7s, 1912................... A&O 137% .........
do
e 1115
S
12 »
do
1st p ref.......................50
Plttsb. McK.A Y.—1st,6s,1932. J&.
N ....... rò7%
do
2d p re f.........................50
47
91% 93
Plttsb. & West.—1st m ort..............
sJ 1154 ......... Cedar Falls A M innesota.. . . . . . 100
16% 16%
Portl'nd&Ogb’g—lst68,g. ,1900J &J1 108 110
cJ 116
Central of Georgia.......................100 124 125
Port Royal & Aug.—1st, 6s, ’99. J&J! 105
tJ 117 118
Central I o w a .................
100
10% 11
1 40
Income mort., 6s, 1 8 9 9 .........J&J
119
do
1st p ref................. 100
Ren.&S’toga—1st 78,1921 cou.M&K 143
O 10 i 4 .........
do
2d p ref................. 100
714, 72
Rich’d & Allegh—1st, 7s, trust reo.
sS 1154 ......... Central M assachusetts...............100
28%
28
25
2d mort., 6s, 1916.................MANr 15
3
sS 1144 115 >
do
p r e f ... 100
58% 58%
105% 106
Rich’d A Danv.—Con.,6s,’90. -MAN
O 1123 128
Central o f New J e r s e y ... . . . . . . 1 0 0
72%
72%
General mort., 6s, 1915 . . . ..J&J 113% 114
iJ 106
Central Ohio....................................50
50
Debenture, 6s, 1927.............. A&O 112 113%
D ....... 102%
do
P ref................... 50
54
do
assented_
_ 109
A 1124
Central P acific..............................100 39% 39%
> 89
93
Con. gold. Es, 1936......
A&(
do
D ....... 115
35
30
Piedmont Br., 8s, 1838.........A&t 105 ^ 106
do
N 116 117
8%
7%
Rich. Fred. A Potomac—6s,ext.J&J .........
do
N 106
do
15%
1st p r e f... 100
15
M ort,7s, 1 8 8 1 -9 0 .................. J&J
A 102%
do
2d p ref___100
12
10
Rioh. A Petersb., 8 s ,’84-’ 86...A A O i ......... .......
J
81 .........
118% 118%
New mort., 7s, 1 9 1 5 ............ MAN
Utah So., gen.
J
86 .........
143 144
Riohmond York Riv. A Ches., 8 s .. 115 119
do e
J
86 .........
9%
8%
2d mort., 6s............ ...............MAN 102
Utica A B l’k R.J 106 . . . . . .
90%
90
117
Koch. A Pitts.. 1st, 6s. 1921...F& A
N 111% 112%
Q uincy., 100 139% 140
Consol. 1st, 6s, 1922 ............ J&D 116 117
Vicksb. & Mer.—New ls t mort.
.........
. 95
itnern . . .
6
3
60
do
Income, 1921.........
2d m ort.............................. ......
......
109 110
80
90
Rome & Carrollt.—1st, 6s. g ., 1916
3d m ort.,inoom e......................
.
12% 17%
11
7
93
95
Rome A Dec.—1st., 6s, 1 9 2 6 ... J&D
. 1111 114
64%
63
KomeWat’n&O.—S.F.,7s,1891.JAD 111
3 116 121
do
do
pref.
93% 94%
2d mort., 7s, 1892................... J&J 107
S ......... 117
i
91% 91%
Consol,, 1st ex. 5s, 1922___A&O 103% 104
S 108
do
pref., 7.1 00 120 121
Rutland—1st M., 6s, 1 9 0 2 ....ST&N 1107% 108
3 68 .........
>A N
t e rn .. „ . . 1 0 0 120 % 12t%
(93% 94
Equipment, 2d mort., 5 s ___F&A
S 104 105
do
P ref., 7 .. 100 146 148
St.Jo. & Gr. Isl’d—1st,guar.ès.1925. 106% 107
J 90
98
125 127
69
70
2d mort.. Incomes, 5s, 1925.........
Gen. 5s, guar., 1936.......
y ......... 95%
18% 19
8t.L.Alt.&T.H.—1st M., 7s, ’94.J&J 115
Wabash 8t. Louis & Paoiflcdo
pref
44%
100 44
2d mort., pref., 7s, 1 8 9 4 ___ F&A 110 112
V 113% .........
100
50% 51%
108
2d Income, 7s, 1894.............. MAN
3
86
do
112%
p r e f.. 100
40
Div. bonds, 1 8 9 4 ...........................
y 102 102% (
55
53
Belle v. A 8.111., 1st, 8.F.8s,’96. A&O 120 130
y ......... ......... (
130 140
Bel lev. A Car., 1st 6s, 1923. .J&D 110 L13%
0 56
56%
do
P ref.
85
90
St. L. Ark. A Tex. 1st 6s,1936.M&N 100% 100%
J 95% 96
(
85
82
53%
2d mort., 6s, 1936..................F&A . . .
J ......... ......... (
95
85
8t. Louis A I. Mt.—1st, 7s, ’92,F&A 110% 111%
3 ......... ......... c
63
62
114%
2d mort., 7s, g., 1897............MAN
J 91
94
(
27%
27
Ark. Br. 1. gr., M., 7s, g., ’95.J&D 112 113
Cairo Div..
J .........
do
54
Pref., 6.50
53
Cairo Ark. A T .,1st,7s,g.,’97. JA D ( 112%
F 87
91% (
iingti
6%
5
Cairo A Ful., lst,l.g.,7s,g.,’91. J&J 106% 107
I 110 111
do
9%
p r e f.. 100
8%
Gen. con. r’y A 1. g., 5s,1931AAO , 96% 96%
4 113 ......... C
65%
65
St. Louis A San Fran.—2d,ol.AM&N 116
do
y 102 103% (
7
6%
2d M., class B, 1906.............. MAIS 116
J 85
do
do
35
P ref..
31
do olassC, 1906.............. MAN l i d
90 ........ C
151 152
South Pacific.—1st M. 1888 .J&J 102 102%
3 110 1 1 0 % c
172%
Kan. C. A 8w., 1st,6s,g., 1916.. J&J 101
do
) 118 118% C
31% 31%
Pierre C. A 0 . 1st, 6s............F&A 108
do
C
L ......... 71
40
Equipment 7s. 1895............... J&D 104 %
do
1 116% 117% C
125 130
General mort.. 6s, 1931.........J&J 1101«
do
ì 1031« ......... C
148 150
Ft.8.A V.B.Bd.,lst,6s, 1910.A&O
109
ib. h
......... ......... c
112 113
6t.L.K.&So.W. -1 st 6s, 1916M&8 1011«
do
i .........
192 193
Trust bonds, 6s, 1 9 2 0 .........F&A
......... 1
109% W.St. L. A P.—Iowa D. 6s, Tr. reo.
a lk .....................50
**’ ■**
St. L. W. A W., 6s, 1919.......MAS
109
) ......... ........ r
;an, guar., 3 % ..5 0 " 8 0 "
8t.L.Vand.AT.H.—lstM .,7s,’97.JAJ 118
) 113
do
P ref., guar., 8.50 169 170
2d mort., 7s, 1 8 9 8 . . . . .........MAN
*10
? 105 1Ö6
I
145
2d, 7s,guar., ’9 8 ..................... MAN 108
West Jersey 1 115 ......... I
134 134%
St. P. A Duluth—1st, 5s, 1931.F&A 1101«
) 126 129
I
29% 30
SkP.Minn. A Man.—1st 7s,1909 J&J 115
.........
do
do
64%
pref. 100
64
2d 6s, 1909...................
A&O 121 121%
r 10 2 % 102% L
19
Dak. E xt.. 6s. 1 9 1 0 .............. m &N
120
1 102 103
West’n Ala.I
15
1st consol. 6s, 1 9 3 3 ............ J&J
120 %
110
do
do
P ref..
20
99%
w , do
reduced to 4^ 8 ..J& J
123 129
I
Lan
irthe
com .100
75
70
Minn’s U’n, 1st, 6s, 1922 ....J & J 112
.........
do
do
P ref. 100 110 110 %
Sandusky Mansf.&N.—1st, 7s,1902 1115
Consol. 6s, 1911......................J&,
96
98% E
Say. Fl. A W.—1st, fs, 1 9 3 4 ..A&O 1C8
109
West’nPenn.—1st M., 6s, ’93 ..A & ( ......... ......... E
13% 13%
At. A Gulf, con. 7s, '9 7 ..........J&J 117 119
110%
do
do
1st p re f.. 100
76
75
So. Ga. A Fla.—1st, 7s, 1899......... 117 113
88
do
do
25%
2d p r e f... 100 25
2d, 7s, 1899........................ M&N 112 115
E
Wichita & Western—1st, 6s___i
108 109
5 42%
Soloto Val.—1st, 7s, sink’g id .. J&J 100 102
Wilm. Columbia & Augusta, 6s.
118% 121
E
20
2d m o rt. 78, sink’g fd .......... A&O
70
75
122 ......... E
Wil.& Weldon—S. F., 7s, g., ’9 6 139 139%
Consol. 7s, 1 9 1 0 ...................... j &j I 65
67
I
95
Wisconsin Cent.—1st ser., 5s, 1
95%
do
Pref.
139 140
Sham. Sun. A Lew.—1st, 5s,’ i2M A N
85
E
65% 60
Sham.Y.A Pott?.—7s, cou. 1901 J&J 120
......... E
15%
Shenandoan Val. -1 s t,7s, 1909. J&J
97% Worc’r A Nashua—5s, ’93-’9 5 .. Var 108 109
E
General mort., 6s, 1921....... A&O
38
39
Nash. & Rooh.. guar.. 5s. ’94. A AC 108 108%
do
Pref., 7 ..5 0
Bhreve. A Hous.—1st, 6s, gu.t 19 14
60
70
R A I L R O A D S T O C K S . Par
E
3 A Ter
I1
*"“ £• * p ao., 1st M., 6s,’98. J&J 109 109%
19% 10% F
. Pref.
.100
Sodus BayA So.—lst,5s,g.,1924J&J
Lim., B, com ........................
13%
4
F
104
8o. Carolina—1st M.,6s,19 2 0 ..A&O
Ala. N. O. & Pao., &c., pref.
3
12%
do
do
P ref.
2d mort., 6s, 1931................... j &j
80
do
do
d e f...
1% F
1%
Income 6s, 1 9 3 1 ........................
21
do
pref.
Sa. Cen. (N.Y.)—Consol, mort., 5s!!
50
15
......... F
south. Kansas—1st, 5 s ......... M&S ICO 100%
106 106% G
Income, 6 s ...................
85
86
Atlanta & Charlotte Air L in e .......
90
92
G
27
So. i^O’Cal.—1.8t,68,g.,i905-i 2 A&O 113% 114
Atlantic & P acific.......................10
G
12% 13
203 205
so. Pac..Anz.—1st,6s,1909-10. J&J 110 % 111
136
L37
G
10
15
N. M.—1st, 6s, 1911 .J&J 105%
167
L70
G
15% 15 %
Houthwe8tern(Ga.)—Couv.,7s,188G
do
130
135
B
40
40
«ifte n 181. Rapid Trans.—let mort.
do
2d, pref.
[20
E
16%
* Ind., 1st 6s, 19 1 4 ..J&J
110
7
10
do
do
P r e f... 50 i 36
36%
* C ° p .—1st, 5s, 1905. ..J& J
B
5......... 46
129 129
fnm nfit Br.—1st, 7s, 1903....... j & j
208% 2u9
do
Leased line, 4 p. o. 100
93
93
8unb.Haz.AW-B.—1st,5s,1.928M&N
107%
....... Il
omington & West’n 100
2d mort., 6s, 1 9 3 8 .... . . . . . MAN
99
do
Pref., 5.
104
104%
do
assess, fu ll p a id ....
27
27%
^“ P-B.&ErieJunc.—i a t M .^ s .... t u o
115
st. Hart. & Erie, Kuowl.ag_ __
_
29% 30% le
82
82%
132% 135
Boston Hoosao Tun. A Western___
21
....... J<
70
1
1 ent—lat,8k.fd.,7s,1909M&N
C
78
168% L68% J(
...1 0 0 L30
1st mort., 7s, 1911............... m &N
78
234
235
K
6
* New Orleans—1st,7s F&A 115
Boston & N. Y . Air-Line, pref.
99
.01
do
1st pref.
22
23
T « r * r S DiY,” l8t’ 68’ 1912.:.M A S 101 104%
209% 209%
do
2d p re f..
10% 11%
^ ? l P. o —l8 tM.,68,g.,1905.M&S 112%
a
145
.46
K
72% 73
Consol, mort., 6s, gold, 1905. J&D 100
Brooklyn E levated., new . . . . _____
45
50
do
p re f.. 100 133 136
. trust receipts.........
99 100% Brooklyn & M ontauk............... .166
....... K
10
76
77
nndland gr., reg., 1915. July
63% 63%
do
P ref......... 100
30
....... K
35
50
RI(“ Gr- Civ., 6s, 1930, Trust reo.
74
74% BufT. N. Y. A Erie, leased.......... 100
....... K
Buffalo N. Y. & Phila.,ass.pd___50 § 1 0 % 10% K
là
10
G enl mort. A term’f t i s ^ o 's T & o
do
do
P r e f... 50 5.........
9%
do
pref.
.100
wr» d
,
tr.receipts
67% 70
Buffalo Roehestt r & Pittsb.......100
63
65
K
42% 43%
85
T ollA 'frA w 1^ ’ 68’ S°jd> 1920. J&J H84
Burlington C. Rapids & N orth .. 100 47
47
Li
item, ass. p d .. 100
23% 24
^ : &N^'r- ~ l8 t.6s, 1924.M&N
90
Cairo A Vincennes, p r e f ......
do
Pref. when issued
57% 57%
T Æ & n v î * Qr-T., lst,6 s,1 9 2 1 .j& j 104% 1 0 5 " California Pacific......................
9
Il
Li
- °l. A Ohio Cent —1 s t 5s, gu.1935
95% 95%
96% 98 1
55%
i transactions, t Purchaser also pays accrued Interest. J In London | Coupon off. $ Price per share. «
|
FrankforT
Railroad Bonds.
_
-
In
THE CHRONICLE.
430
G 3 N j3 R A .L
R ailroad Stocks.
Bid.
Ask.
Q U O T A TIO N S
M is c e l l a n e o u s .
OP
Bid.
STOCKS
Ask
AND
[V o l . X L IY ,
BOND S— C o n t in u e d .
M is c e l l a n e o u s .
Bid.
Ask.
M is c e l l a n e o u s .
Bid.
Ask.
___ _ c
..100 170 170V
Consol.Coal of M d.100
B R . STOCKS.
..100 108 112
14% 15V C
Homestake Min’g .100
Co n t in u e d .
110V 111
14
14
I
M aryland Coal___ 100
46
44
Lit. R ock A Ft.Sm .100
145 145V
14
14
J
New Central C o a l. 100
12
Little Miami............ 50 172 172V South Carolina— 100
150V 151
71V 72 V I
N. Y. A P erry___ 100
34
Little Schu’k 'l.........50 ) 51
195 200
25
I
25
Ontario Sil. Min’ g .10 0
3a., g’ d, 7.100 131
Long Isla n d ............. 50 96V 08
. . . . 1 y n n , Mass., G. L..100 112 118
Pennsylvania C oal.50
Syr. Bin, r. A N. Y .100
Lou. & Mo. R iv er. .100
107
6*2 alaid. A M elrose.. .100 106
5V
Summit Branch,Pa. 50 *13 I 13*4 Quicksilver Mln’g.100
d o P ref.......... 100
. . . ]S
fewton A Wat’n ..1 00 140 142
do
pref. 1 00 28
48
j y A L ew ist..50 §.......
65% 657s
Loulsv. & Nashv-.lOO
112V 113
46
47
8
Tenn.CoalAIronColOO
Terre H. A Ind’nap.50 95 100 Ir
62
Louisv.N. A. AChic.100 62
105 106
49
I
29 V 29 V I Wyoming Val.Coal.lOO 47
E ass. pdlOO
tc.
M acon A A ugusta...
57
54
C
20 1 E X P R E S S S T ’C K S
Tol. Ann Arbor A N. M 19
Maine C e n tr a l.... 100 150 155
84
80
»
13o 15c. Adams..................... 100 113V L45
rol. Cin. A St. Louis ..
Man. A Law’oe___100
103 105
L
10
Î
..25
American................ 100 109
33
29
16% 16% Tol. A Ohio C entral...
Man. Beach C o ...1 0 0
55
60
iklyr
62
63
1
United States.......100
58
56
do
Pref.
Manhattan, co n ... 100 155 155 V
L30
\
. , B ’kly! 50 125 130
i ’klyn
Wells, Fargo A C o.100 127
40
To). St. L. A K. C ity ...
39
Mara. H. A O n t.. .100
Charlest’n,S.C.,Gas.25! 19
(
T K L ’ P I f STOCKS
do
p ref..
do
P r e f..100 100 103
Chicago G.A Coke.IOC 160 174
..
(
AND BON DS.
59
0. N. J. R R AC. Co.100 214V
57
M emph.A Chari___25
Cincinnati G. A C o k e . 191 192
....... (
60V 60V Amer. Diet. T e l... 100
15% 157e Onion P acific........ 100
M exican Central ..1 00
30
Hartford, Ct., G. L..25
American Tel. A Cable ’ *7*5” 79
10
fTtah Central.........100 * 15
9
M exican N a tio n a l....
54
J
Jersey C. A Hobok’n 20 160
Atlantio A Pacific st’k 48
*121
.........
Utica A Black R iv .l 00
29V 30
do
p r e f..
70
1
3
People’s, Jersey C .......
Bank’s A M erch’ts.100
Vt.A Mass.,l’sed,6.100 143% 144
Michigan A Ohio.......
....... Louisville G. L ............ 113 114
R eceivers’ certs.......
3
4V
Vioksb. A M eridian...
do
P ref.
60
4
Central o f N. Y ....... 50
5
General mort, c e r t ..
7
do
p re f—.
Miohlgan C e n t .... 100 **93" 93 V
___ Consolidated, N.Y.100
85 V 85V
Baltimore A Ohio.......
42
37
Virginia Midland
30
Midland o f New Jersey
125 130
96
. . . . . Equitable. N. Y ...........
19
19% Cent. A So. Am. Cable
Vabash Pur. coin.cert
8 7 V 89
MIL Lake S. A W ..100
....... Mutual of N. Y ___ 100 102 105
33 V Commercial Tel. C o...
33
do
P ref. 100
do
pref. 100 110 111
89
88
N. Orleans G. L . ..1 0 0
Preferred....... ..........
Warr’n(N.J.) ,l’ s’d,7.50 §.........
§ 50V 51
Mine Hill A S .H ....5 0
75
72
33
Portland, Me., G. L .50
Franklin ................ 100 25
20
West Jersey............. 50 § 60
19
Mlnneap. A St. L ..1 0 0
90
96 1 3t. Louis Gas T r . ..100 79 V 80V
Gold A Stook.........100
44
West Jersey A Atlantic § 49V
43
do
P r e f... 100
L
02
96
Laclede, St. L ouis.100 118 120
B ond s........................I ?6
12% 13V
Western M aryland—
Misso’i Kan.& Tex. 100 31% 32
LAO 1 San Francisco G. L —
M exican..................100 128
119
Missouri P a cific... 100 108V 108% Wll. Columbia A Aug
1180’ *
80 1 United Gas Im p., Phil
N. Y. Mutual Un. Tel..] 75
125
17
Vilm. A Weldon, 7.100 95
16
M obile A O h io.......100
1 'Wash’ton C ityG . L .20
4 i V 4178
86%
28
28 V| Mutual Union 6s—
137 133V Wisconsin C en tral. . .
Morris & E 'x , gu.,7.50
102
GOLD 4SSL V E K
’
47 V 48 11N west., 7s. 1904 .JAJ
do
Pref
81% 85
Nashv.Chat.A St. L.25
1
M IN IN G STOCKS^
%
Postal Telegraph.. 100
^orc’ terANashua. 10( 141 142
Nashua A Lowell. .100 159V 161
4
6
(N. Y. A SAN. FRAN.
Bonds, 1st 6s ..........
55
CAN AL BONDS.
N’squehoning Vall’y50 §54
1-40 1-50
26
31
A lice.............................
9 % C hes.A D el.-lst, 6s,’ 86
90*2 92 j Postal T. A Cable.......
New Jersey A N. Y ___
s
2-00
.........
80. Tel., 1st mort, b ’ds
22
C ics.AO.—6s, ’70.Q.-J
v ; ** Alta M ontana........100
do
Pref,
A m ie ......................... 10
2
Del. A H.—7s, ’ 91.J&J 109 V Ï 10 1 South’n A A tlantio.25 6*5 " 75
IV
N. Jersey Southern..
•42
“ •40
77V 77%| Barcelona_____ _
1st ext., 1 8 9 1 .-MAN ......... 111VI Western Union— 100
N. Lond.A North’ ll 100
•17
119
Bassiok................... 100
7s, 1900, M. A N ..
Corn). 7s. 1894. AAO 118
19
N. News AMiss.Val.Co
Bechtel.........................
TELEPHONE
1st Pa.D.cp.,7s,MAS 139V 142 1
N.Y.Cent.A H .Riv.100 11238 112%
•70
Belle Isle ...............10 J
STOCKS.
19
19V Lehigh N av.- 4 Vs, ’ 14 ......... 112V
N.Y.Cb.&St.L. ass. 100
2-OC 2-50
Bodie........................100
American B ell----- 100 225 V 227
117
;.,’97.Q |
31V 3130
do Pref., assent. 100
1*50
120
Bulwer.....................100
Amer. S peaking... 100 110
g.’94M< 3 ......... 111
8 )
N ew 1st pr.,when iss.
1-25 ......
Caledonia B. H ___100
28% 29
) ......... 116V| E rie................................
p.iV
45 .........
New 2d pr., when iss.
I V Consol. California. 100 .3-00
IV
133
M exican........................
) 131
21
i
Cons.lfi .,1
New com., when iss..
65
58
43
C hrysolite.................50
43 V
New E n g la n d ............
3 86
87
20
Penn.—Ê ,
_ .
17
N. Y. City & Northern.
5-75
Chollar.................... 100
N. Y. State Overland.
Schuylkill Nav.—
N. Y. & Harlem ....5 0 223 223
•35
Consol. P a c iflo .... 100
75
Peoples..........................
1st M., 6s, 18971
N.Y.Lack.&West.. 100 105 V 1U5V
3 7 5 ......
6O0. 8O0. Crown P oint.......... 100
40
. . . . . T r o p ic a l................... 10
33 7s
2d M., 6s, 1907..
N.Y.L.ErleA West. 100
•40
38
Dunkin..........................
E L E C T R IC
Mort. 6s, c p .,’ 95JAJ .........
do
Pref. 100 72 V 73
7-13
Eureka Consol___100
ç .........
L IG H T STOCKS.
(¡5% 66
rip.,op.
N.Y. A N .E ngland.100
•70
......
Father De S m e t.. 100
s ......
j
Brush....................... 10U
6s, bt,Acar,l
do
Pref. 100 142 142V
Â3
Brush Illuminat’glOO 105 110
Gold Stripe.......
s .........
i
N.Y N H .A Hartf.lCO 220 - 221
Goodshaw...............100
198 205
J 20
Edison.........................
18 V
Susq.
N.Y. Ont. & W est.. 100
300
Gould A Curry S ..10 0
110
J ....... ......... Edison Illuminating.
N. Y. Penn. & Ohio ...
•35 .....
35
Green Mountain___10
United States ............
do
Pref,
3-80
90 100
Hale A N orcross. .100
0 ........
United States III. C o..
13 V
13
N.Y. Susq. & Western.
1-25 1 30
Horn Silver
T R U S T C O .’ S
6 1 0 1 % 102
36% 37
do
Pref.
•50
•30
Indepeu'’ ~noe. . . . . 100
S T O C K S , N .Y .
o S .......
1%
N.Y. West Shore & B.
3-00
|xl 24
Iron Silver.................20
ÖJV Am. Loan A Trust. 100 |xl2 i
21V 21 % Lehigh Navigation. .50 50
Norf.A West,, com. 100
•17
•15
Lacrosse.................... 10
80
85
Brooklyn Trust....... 25)' 315 325
56 V Ytorrls, guar., 4 — 100
do
pref. 100 50
•71
60
ueadville Consol___10
C entral.....................1001 435
73
do p f.,g u a r.l0 ..1 0 0 200 205
No. P enn sylvania..50 § 70
•JO •31
Little C h ie f............ 50
Farmers’ Loan A Tr.25 440
Pennsylvania.......... 50
Northern Central. . . 50 J........ 85
•55
•47
• Little Pitts...................
K nickerbocker. . . . 100 3 IS
Sohuylklll N av....... 50 f l '
North’n N. H am p.100 128V 130
3-8 - 4 0 0
153
Mexican G. A Silv.100
Long Isla n d .........150
ao
do p re f.50 » 4
North’ n Pao., com . 100 28 V 28 V
100
Navalo . . . ............ 100
M ercantile......... .100 190 200
597e 60V m S C ’ L L A N B O U ü
do
P ref. 100
6-5o ......
)
Ophir........................ 10
Metropolitan .. ..LOO 140 150
BONDS.
Nor'w.A Worcester. 100 180% ¡81
6*50
)
Potosí...................... 100
N. Y . Guar. A In d ..l00 115
19
18
Canton(Balt.)—£ 6s,g.,
Ogd. A L. Champ. 100
•17
•16
Rappahanook............ 1
)
N. Y .L ife A Trust. 100 550
Mort. 6s,g.,1904 JAJ
31V 31%
Ohio A M iss........... 100
•C6
Rea E leph an t.........10
U nion.......................1001 415
85
180
Un. R R .,lst, end.,6s. 116
do
P ref. 100
•45
•43
Robinson Consol.. 50
) 545
United States.........100
20
Col.CoalA Iron—1st,6s
Ohio Southern....... 100
2-75 ......
S ierraN evada.......100
Cov.ACin.Bge. 5s,3-5 y 100 100 ^ N .Y . & B R ’ K L Y N
Old C olony............100 183% 184
•19
•17
Silver C liff...............50
HORSE B B S.
1 -»
It
5s, 5 years........MAS 101
Oreg.ACal. ass pd.100 t »
Spring V a lle y ............ 1
30
28
Bleeeker St. A Fult.F’y
20
Hend’ n Bridge6s, 1931 106 V
ao Pref. ass.pd 100 119
W O 1*40
Standard................100
112
116
93
1st mort., 7s, 1900..
29
28
Or. im p., 1st, 6s. 1910
Oregon Short L ;n e ....
¿
‘ •55 .........
Union Consol.........100
210 212
»314 3338 Oreg.R. A N. Ist.Ös, J AJ 110 110V Broadway A 7th Av.
Oregon Trans-Cont___
B O STO N M IN IN G
1 st mort., 5s, 1904.. 103 106
Debenture 7s, 1887.
Oswego A Syr., guar.. 150
S T O C K S .§
106
2d mort.. 5s, 1914..
Con. 5s 1925 J.A D .. 104% L05V
§5aV 5888
Pennsylvania R R . .50
2
1%
Allouez......................25
............. 100
B’ way Surf., gu. ,5s,’2 1
18
12
Pullin’n Palace Car—
PenSaoola A Atlantio
10
9
..
X tlantio....................25
100
Guar., 5s, 1905..
3d series, 8s,’ 87FAA
3 aV 35
Peoria Deo. A E v ..l0 0
6
4
Brunsw’k A ntim ony.5
175 180
4th do
8s,’92FAA
6678 67
P etersburg............ 100
........ Brooklyn C ity.......
Calumet A H eoia ...2 5 212 213
1st mort., 5s, 1902.. 106 110
Deb’nt’re,7s,’88AAO ÏÔ6
Phtla. A E r ie .......... 50 5 27
350. 38C.
Catalpa S ilver. . . . . . 10
Brooklyn Crosstown... 165 175
116
St. L. Bridge A Tun—
PhU. Germ. A N or..5 o 4115 V 1
20
18
Central......................25
1st mort., 7s, 18S8... 105 103
1st. 7s, g, 19 29. A AO (133 137
P hil.N ew t. A N . Y..50
1
Copper F alls............ 50
Bushwick Av. ( Bklyu. ) 150 155
Tenn.C.Ai.,oon.6s.......
Phlla. A Read assenSO 39
11V
11
F ranklin.................. 25
Central Crosstown— . 150 165
South Pitts, 1st, 6 s ..
do
Pref. ...5 0
1%
IV
H u ron ...................... 25
1st mort., 6s, 1922 . 116 120
*0
Bir. Div. 1st,6a, 1917 *90” *9 V
Phila. Wilrn.A B alt.50
500. 51V
M innesota................25
Central Pk.N A E.Riv.
’U.ISC’ L L A N B O U S
Pitts. Oin. A St. L ..5 0
500. 75c.
National................... 25
Consol. M., 7s, 1902.. 116 120
STOCKS.
Pitts. A Con., l’sed.50
23V
23
O s c e o la ................... 25
52V Christopher A 10th St.. 122 125
Pitts.Pt.W .A C.,guar. 7 140‘s 146 V Amer.Cotton Oil trusts 52
2V
2
. 110 112V P ew a b ie...................25
9%
Bonds, 7s, 1898
9V
Aspiuwall Land___10
16 V 18
Pittsburg A W estern..
49 V 50
Quincy...................... 25
D ryD k.E .B .A Battery 160 165
V
9 78 10
129 129V Boston Land............ 10
Port.Saco APorts.lsd 6
50e. 75c.
3
1st M., consol.7s, ’ 93 110 102 V Ridge.........................25
7*2
;v
5
Boston Water P o w e r..
Port R oyal A Augusta
95
90
Tamar a e k ................25
. 105 107
Scrip 6s, 1914
6
6V
122
Brookline (Mass.)L’d5
P orts.G t.F .A C on.lO o 121
M A N U F A C T ’ IN G
. 190 200
56
Eighth Avenue
Canton Co. (Balt. 1.100 55
P rov. A W oro’ster.100 140
STOCKS.
. 107 110
200
Scrip 6s, 1914
170
Cev. A Cin. Bridge, pf.
Bens. A Saratoga.. 100 110
Am. Linen (Fall Riv.) 800 825
42d A Grand St. F ’y ... 229 225
7
Joliet Steel C o....... 100 135 145
7
Rloh. A Alleg., reo___
Amory (N. II.)....... 100 112 % 112V
1st mort., 7s, 1893... 112 117
12V 13V
Keeley M otor..............
Rich. F. A P., c o m .100 117
Amoskeag (N.H.) 1000 2350 •2360
36
3
3V 42d St. Mail. A St.N. Av
Maverick Land— 10
do
Guar. 7.100 150
Androseog’n (Me.).100 113V 114
. 109 111
1st mort., 6 3 ...
100V
N.E. Mtg.Secur. (Bost., 100v
do
do 6 .......... 128
Appleton (Mass.). 1000 600 610
53
2d ine., 6s — .
35c 500.
N. Hampshire Land 25
Richmond A P ’b’g.100 102
Atlantic (M ass.)... 100 116V 117
y
Housfc.W.St. A Pav. F’y 160 165
N .Y.ATex.Ld.,Lim . 50
40% 41
Rich. A West Point___
Barnaby (Fall R iv .). .. 100 103
1st mort., 7s, 1894 . 110 112
Land s c r i p ...............
74 V 75 V
do P r e f ...........
82V
Barnard Mfg. (F .R .)..
100
41
Niuth A v e n u e ....—
41
Oregon Im provement.
Richmond York R. A C. 95 100
Bates (M e.)............ 100 i i o V 146
165
Second A v en u e..........
Oregon Ry.AN .Co.100 102 102
Rochester A P itts.100
B oott Cot. (Mass.) 1000 1330 1400
1st mort., 58,1910. . Ï05 107
55 V 55%
*29
Pacific Mail SS. Co.100
Rom e A Decatur
130
Border City Mfg. (F.R.)
Cousol. 7s, 1 8 8 8 ... J 101
85
Philadel. Co. Nat. Gas. 106 107 V
85
Rom e W. A O gd. . . 100
19Ö” Boston Co.(Mass.)1000 1135 1140
8
Puilm’n Palace Car 100 152 152 V Sixth A v en u e ..........
7%
R u tlan d ................. 100
148 148 V
Boston Belting— 100
list m ort., 7s, 1890 . 110 115
36
St. Louis B ’dge, 1st pref ;105 107
do P r e f.,7 .. 100 35
Bost. Duck (Mass.)700 825 9D0
54
Third A v e n u e .......... . 205 212
2d pref. certificates. 152
27 .....
fit. Joseph A G ’d Isl’ d.
98 100
Chace (Fall Riv.) .100
195 107
1st mort., 7s, 1890
34
St.Louis Tunnel R R .. ¡108 112
33
8t.LoulsAlt. A T.H.100
Chicopee (Mass.) ..100 1 U V 115
¿45 252
Twenty-Third St—
75
70
St. Louis Transfer Co.
80
do
P ref. 100
540 545
Coclieco (N .H .)....5 00
1st mort., 7s, 1893... 112 114
l i e . 14o.
Stand. Water M eter...
St. L. Ark.A T e x a s ....
23V 24
7V
7V
Collins Co. (C on n.)..10
GAS STOCKS.
9 J
Union St’k Yds.ATr.Co 125
St. L. Ft. ScottA Wich.
8
60% 61
58
Balt. Consol. G a s ...
58 V Continental .Me.). 100
29% 30
St. Louis A San Fr. 100 33% 3 i V West End Land (B >st
70
Ores’ t Mills (F. R.) 100
(
Boston G aslight.. .50( 900 920
C O A L A M IN IN G
do P re f___ 100
69 V 70
Crystal Spr. B l.lF.R.)41
East B o s to n .............2
S T O C K S , N .Y .
do 1st pref. 100 114 V i l 5 V
70
Davol Mills (F. R.) 100
Cameron irou&CoalöO 45% 45% R o x b u r y ................ 10 n 195 196
St. L. Van. A l '. H ..
77 V
77
0
Colorado Coal A 1 .100 41V 41V "S outh B oston.........ltK 110 I. r___ Dougl’s A x e (Mass) 100
*61
St. Paul A Duluth. 100
61V
Dwight (Mass.). . 500) 710 715
46% 11
Brookline. M ass... LO , 109 '110
do
Pref. 100 108V 109 V ICol. A Hock. C. A 1 .100 46 V
5 Quotatior ptr share.
I In London.
t Purchaser also pays accrued interest.
' Price nominal ; no late transactions.
......
tS
°
00
117
12
......
118
20
.........
14
35
133
THE CHRONICLE,
GENERAL
Man ufao ’ in g St o c k s .
0
3
)
>
)
)
>
3
3
3
Bid.
Ask.
67
.......
.........
.........
90
100
.........
.........
89%
700
195
80%
195
990
103
445
570
Q U O TA TIO N S
68
B an k Stocks .
OF
STOCKS A N D
Bid. Ask.
People’s .................. 100 156 158
R ed e m p tio n ..........100 125 127
Republic..................100 140 142
Revere................... 100 127 130
R ockland............... 100 155 157
10 1
Second N at............ 100 150 152
125
Security...................100 185 195
250 1 ihaw m n t................ 100 116*« 118
89%| Shoe & L e a th e r....100 103 104
705 1 State........................ 100 119*« 120
197*« Suffolk.................. j .100 109 111
81
Third N at............... 100 97
99
}
Traders’ .................. 100 93
94
995 1 fre m o n t..................100 102 104
3
Jackson (N. H .).
110
)
Union.......................100 141 143
450 1 Washington........... 100 123 125
)
580 1 Webster...................100 104 H 106
90
B r o o k ly n .
1560 1565 1 B rooklyn.................100 128
132
735 790 1 First N ational....... 50 320
123 130
Fulton.................... 40 160
870 880
City N a tio n a l....... 50 310
80*« 81
C om m ercial........... 60 150
143 144
Long Islan d.......... 100 115
1020 10¿5 Manufacturers’ ........... 128 120
90
86
Mechanics’ ............. 50 210 225
1 1 2 *« 115
Nassau.....................100 210 ¿20
L335 1350
C h a r le s t o n .
B’k o f Chas.(NBA) 100 124
180 185
First Nat. Chas.. .100 205
... . 87
People’s National. 100 204
500 505
C h ic a g o .
118 l l s *4 American Exoh. N at.. 123 124
90
95
Atlas National............
120
345 350
Chicago N at.......... 100 151
1670 1680 Commercial N a t... 100 147*«
1160 UTO Continental N a t ...100 119 125
......... 125
First N ational....... 100 225
......... 75
Hide aud Leather. 100 140
Merchants’ N at.. .100 360
107 l l 6
ropolitan N at. 100 155 156
1 260 270
Bk. o f A m e r.. 100 137*« 140
► 24*« 26
165
><......... 85
700
......... 62
180 200
105
200
Ilio
1120
C in c in n a ti.
98
112 115
950 i ö ö ö
99% 100
Tremont* S. (Maas) 10(. 110 112
17b % 180
860
Troy C. * W.(F.R.) 500
110
125
Union C.Mf. (F.R.) 100 215 222
176*« 180
145
Wampanoag(F.R.) 100
290 295
Wasliingt’n(Mass.) 100 106 108
190 195
Weed Sew. M’e (Ct.)25 •••• . .......
157 158
62
Weetamoe (F. R.)100
120 125
49
Willim’tic Linen(Ct)2£
162 165
York Co. (Me.)...... 751 950 963
148 150
BANK STOCKS.
290 295
B a lt im o r e .
142 145
Bank ol Baltimore 100 140 .........
103 105
15*4 16*9
190
19*« '
19
155 !153
Coin. & Farmers’.. 100 133 .........
220 235
Farmers’ B’k o i M d.30
32
H a rtfo r d .
Farmers’ & M erck. .40
56
105
Farmers’&Planters’25
45
64
69
First Nat. of B a lt.. 100 126*« 128
1
122 135
Franklin................6 0 100 i.05
1
.100 89
95
German A m erican___ 110
50 45
50
H ow ard...................... j
li
......... !
105 109
M arine....................30 36*« ........ 1
100 103
Mechanics’ ......... I . 10
13*4 13*2 1
158 161
Merchants’ .............100
134
1
.100 95 100
National Exoh’ge. 100 128 ......... 1
66
63
People’s.................... 25
2^*8 2o*a !
130 132
<
S
Second National ..10 0 150
95 100
Third National. . ..10 0 108 ......... 1
220
Union........................75
85
L o u is v ille .
Western......... "."‘[20
32
]
so
120 122
B o s t o n .i l
158 160
Atlantic.................. 100 133
135
1
83
85
Atlas....................... 100 119*« 120
(Jitizens’ National. 100 127 129
Blaekstone.........I! 100 1 1 1
112
()ity N at..................100 120 121
Boston Nat............100 120 122
].’afls City TobaccolOO 103 104
’
Boylston................. 100 132 133
1
irarmers’ o f K y ...1 0 0 109 114
B road w ay___ "lOO 102
farm ers’ & D r o v ..l0 0 101 103
Bunker Hill___ ‘ i o o 185 190
1
i’irst N at................. 100 167 168
Central..................!i o o 104 *« 106
(
125
C it y ....................... 100 106 107
(
137 140
Columbian............. 100 128 129
(
141 145
Commeroe........... . 100 124*« 126
I
140 141
Comm onwealth. . . 100 124 127
Louisv. Banking Co.40 251 255
C ontinental.......... 100 U S 120
M asonic................... 100 140 141
J&ele....................... i o o 1061« 107
Merchants’ N at. ..1 00 140 142
fl i o t ........................ 100 231 132
Northern o f K y ...1 0 0 124 126
Everett................... 10c IGu*« 101
People’s B ank.............. 118 119
Exchange............... 100 126 127
Second N at............ 100 119 120
Faneuil Hall.........100 134 135
Security................... 100 169 170
First National___ 100
212 215
Third N ational___ 100 137 138
First Ward........... J100 126 128
W e ste r n ................. 100 115 116
Fourth National. . 100 108 109
N e w O r le a n s .
Freemans’ ..............100 100 103
Canal & Banking. .100 132*« 135
97
98
Citizens’ .................. 100
33
29
Hamilton................ 100 127 128
Germania N at....... 100 142*« 145
Hide & L eather.. IlOO 1121« 114
Hibernia N at.........100 147 151
Howard...................100 113 115
Einooln................... 100 109 110 ¿Louisiana N at.. .. 100 116*« 118
M etropolitan...........
118 120 *«
Manufacturers’ .. 100 93
96
Mutual N at............ 100
126
“ a rtet.................... i o o
931« 95
New Orleans N a t..100 400
Market(Brighton). 100 135 137
People’s ..................... 50
5758 60
M assachusetts___ 250
98
99
State N at................ 100 101 *« 105
M averick................ 100 225 230
Union N at...............100 108 109
Mechanics’ (So.B.)lOO 132 134
N ew Y ork .
Merchandise..........100 1021« 103
Am erica.................. 100 174 178
Merchants’ ............ 100 1401« l 4 2
American E xeh’gelOO 145 145
Metropolitan.........100 112 113
B roadw ay.................25 260 275
Monument.............IOO 215 220
Butchers’* Drovers25 162
Mt. V ernon....... ...1 0 0 138 140
Central N ational.. 100 127 135*
New England....... 100 152 154
Chase N ational.. . . 100 165
North................ » ...10 0 135 136
Chatham................... 25 210
North Am erica___100 1041« 106
C h em ical............... 100 2500
Ola Boston............ ..s o
59
60
C ity.......................... 100 295
Everett (M ass.)..
‘ i*110® nominal; no late transactions.
B ank Sto ck s .
431
BONDS— C o n c l u d e d .
Bid.
Ask.
Citizens ................... 25 130
C om m erce..............100 175 180
C ontinen tal.......... 100 122 128
C om E xchange . . . 100 187
East R iv er................ 25 130
Eleventh W a r d .r ...25 125
First N ationaT. . . . 100 1425
Fourth N ational... 100 145 151
Fulton....................... 30 151
Fifth A venue.........100 710
Gallatin National ..5 0 x l9 5
Garfield................... 100 150
German Amerioan. .75 108
Germania................100 200
G reenwich................ 25 112
Hanover..................100 160
Im porters’ & T r ...l 0 0 315
Irvin g........................ 50 141
Leather M a n u fts..l0 0 200
M anhattan............... 50
165
M arket.....................100 160
Mechanics’ ................25 170 175 '
M echanics’ * T r .. .25 140
M ercan tile............ 100 138
Merchants’ ............... 50 138
Merchants’ E xoh’geSO 112
31
M etrop olitan ....... 100
Nassau.......................50 140
New Y o r k .............. 100 210
N. Y . Nat. E xoh’gelOO
125
New Y ork County. 100 200
Ninth N a tio n a l....100 1130
North Ameriea . . . . 70 123 126*9
North R iv er..............30 1130
Oriental.....................25 135
Pacific.................... .50 152
Park......................... 100 17 a *«
People’s .....................25 160
Phenix.......................20 110
Produce E x ch a n ge.. . I 115 118
Republic..................100 137*« 140
Second N ational.. 100 225
Seventh W ard....... 100 115
3hoe & Leather___100 116
St. Nicholas.............100 125 128
State of N. Y ...........100 137
Tradesmen’s .............40 100
United States Nat. 100 210
P h ila d e lp h ia , $
B’k of N. Ameriea . 100 350
Centennial Nat___100
City N ational.......... 50
C olum bian..............100
Comm ercial N a t... .50
64*«
Commonwealth Nat 50
Consolidation N a t ..30
63
Corn E xchange Nat.50
Eighth Nat......... ..100
First N at.................100 238
Farmers’ &Mech.N.lOO 179
Fourth St. Nat’l.. .100
116
rndependenoe.........10u 130
Girard N a tion a l___40 106 107
Kensington Nat.......50
Keystone Nat’l .........5C
60
Manuf aot’r’rs’ Nat. 100 114 116
M echanics’ N a t ....100
135
M erchants’ Nat
140
Nat. B ’k C om m eroe.50
Nat.B’k G ennant’n.50
Nat.B’kN. Liberties 50 .........178
Nat. B ’k R epublio. .100
National S ecurity.100
Penn N ational.........50
Philadelphia Nat. .100 250
Second N at............. 100
Seventh N at..........1 0 0
Sixth N at................ 100
Southwark N at........50 126
Tenth Nat. B an k........
Third Nat................ 100
Western N at............ 50
West Philadelphta.100
P o r tla n d , H e ,
52
54
Cumberland N at.. .40
Canal N at............... 100 164 166
Casco N at............... 100 152 153
First N at.................100 116 118
Merchants’ N at___ 175 124 127
National Traders’ . 100 143 145
R ic h m o n d , V a.
City B an k............... 25 29
First N at................ 100 143 144
Merchants’ N a t ...100 123
Nat. Bk o f VirginialOO 100
Planters’ N at....... . 100 145
State Bank of V a.100 114 116
S t. L o u i s .
B ’k o f C om m erce.. 100 450 460
C om m ercial. . . . . . . 100 315 325
Continental............100 150
Franklin.......... ....1 0 0 160
Fourth National ..1 00 240
90 100
International. . . . .100
M echanics’ ............. 100 120
M erchants’ Nat ...1 0 0 110 112
St. Louis National. 100 130
Third N a tio n a l.... 100 110 112
San F r a n c is c o .
Bank of California___
First Nat. G o ld .. . . 100
Grangers’ Bank..........
P acin o............. .............
F I R E I N S U R ’ CE!
STOCKS.
B a ltim o r e .
Associate Firem en’s .5
7%
8
28*«
Baltim ore F ire Ins. 10
20
Firem en’s Insur’oe .18
H oward F ire.............. 5
7*3
8
4%
M aryland F ire .........10
70
Merohants’ M utual.50 65
5*«
5
National F ire...........10
J Last price this week.
§ quotation per share.
I nsurance St o ck s .
Bid.
Ask.
B oston .
¡American F. & M. .100 125
¡Boston...................
147*s
B oy lston .............. IOC
93
Dwelling H ou se.. .100 X 85
E liot....................... .100 x l2 5
Firem en’s ............. 100 x l8 7
M anufacturers’ . . .100
40*8
Mass. M utual____ io n 124
Meroautile F. & M.100 130
Neptune F. & M .. .100 r 90
North Amerioan . .100 xlOO
Prescott............. .100 xlOO
Shoe & Leather. . .100
3*«
W ashin gton......... 100 X 97
C in c in n a ti.
Amazon(new stock) 20 100
Aurora................... ..2 0
Cincinnati............. ..2 5 150
Citizens’ ................. ..2 0 145 150
Comm ercial.......... ..2 5 225
Eagle..................... 100
100
Enterprise............ , 20
60
65
E ureka................... -.2 0 200
Fidelttv................. 100
1Ï2 “
Firemen’ s .............. ..2 0
150
G erm ania.............. 20
110
G lobe...................... ..2 0 io o
102
Merchants’* Manuf 20 205
117*«
Miami V aliev....... ..5 0
80
N ational................ 100 155
L65
S e cu rity ................ 100 92
92*«
W ashington........... 20 140
W estern._________ 25 180
H a rtfo r d , C o n n .
¿Etna F ire............ 100 257
C onn ecticut......... 100 117
H artford............... 100 290
294
National............... 100 133 136
O rient.................... 100 95 100
Phcenix.................. 100 195
Steam B oiler........ ..5 0 120
L ondon, Png.
19
Commercial Union. £5
20
69
Guardian................ ..5 0
71
ISO
Imperial F ire....... 25
160
Lancashire F. & L .25
5%
6*4
50
London Ass.Corp.12*«
52
33
Liv. & Lond. &Gíbbe. 2
34
56
North’n Fire & L ife . .5
57
38*« 39*«
North Brit. & Mer
3%
Queen Fire * Life . .1
3%
R oyal Insurance.. ..3
37
38
N e w O r le a n s
35
Crescent M utual..
40
1 actors’ and Traders’ .
81
85
Firem en’ s .............
62*4
119
Germania.............
85
Hibernia.................
91
Hom e...................
78*« 82*«
H ope................. ............ .........
L afayette........ .............
65
M erchants’ M u tu a l. . . X 58
59
M echanics’ & Traders’ 106
ilO
18*« 19*9
New Orleans Ins. A ss’n
32
New Orleans Ins. Co ..
34
Peonle’ s . . . .............
n-TJUrf 3
122*«
Teutonia...............
N ew Y o rk .
A m erican ............. 50 165
97
Amerioan E x e h ... 100
B ow ery.................. .25 160
B r o a d w a y ............ 25 190
B rooklyn............... 17 180
Citizens’ ................ 20 125
C ity........................ 70 128
Clinton.................... 100 117 :
30
C om m ercial.......... 50
.35
C on tin en ta l.......... 100 225
E agle...................... 40 260
Em pire C ity........... 100 100 :
E xch an ge.............. .30 105
Farragut................ .50 12 7 :
Firem en’s ............. .17 103
German-Amerioan 100 300 £
Germ ania............... . 50 150
G lobe...................... . 50 120
Greenw ich............ .25 240
80
85
Guardian................ 100
H am ilton............... 15 130 :
Hanover................ 50 145 :
H om e...................... 100 145
85
80
H ow ard................. 40
Jefferson............... 30 125 :
Kings Co. (B’klyn) .20 220 S
97
K n ickerbocker... 30
Lafayette (B’klyn) .50 1 0 1 :
100 1
Long Isl’d (B’k ly n ).50
Manuf. & Builders’ lOO 125
90
97
Mechanics’ (B’klyn)50
73
68
M ercantile............ 50
100 :
Merchants’ ............ .50
Montauk (B’kly u ). 50 10 1 :
Nassau (B’k ly n ).. .50 145 :
N ational................ 37*« 100 :
N. Y . E qu itab le... .35 170
New Y ork F ir e .... 100 100 :
Niagara.................. 50 168
North R iv er.......... .25 1 1 0 :
P a c i f i c ............... 25 167 :
P ark......................... 100 100 :
Peter Cooper....... .20 167
People’ s ................. 50 105 1
Phenix (B’k ly n ).. .50 125
Rutgers’ ................. 25 140
Standard................ 50 110
80
75
Star.......................... 100
65
60
Sterling................... 100
S t u y v e s a n t ...... . 25 120 :
United States....... .25 150
W estohester.......... .10 150
Williamsburg City .50 275
V A ll ex dividend. |
0
0
A p r i l 2, 18fc7.j
\
THE CHRONICLE.
432
%
x w £ $ t m
m
[V O L.
XLIY.
r.
On account o f new lines in Nebraska, as follow s :
Republican Valley Railroad—Aurora to H astings.................. $325,820
Omaha & North Platte R. R.—Omaha to Ashland and W ahoo
997,662
Grand Island & Wyoming Cent. R. R.—Grand Is. northwest. 1.652,334
2,870,o i l
Nebraska & Colorado R ailroad.............................. ................. .
New telegraph lines on above roads............................. ...............
34,422
t
AND
IR ailroad In telligen ce.
T otal.............................................................................................. $7,397,396
31,114
The Investors’ Supplement contains a complete exhibit of A dd balance in adjustment o f C. B. & Q. bond accou n t....... .
the Funded Debt of States and Cities and o f the Siocks and
Total construction..............*
...................................................... $7,428,510
Bonds o f Railroads and other Companies. It is published The cost o f equipment added during 1836 w as........................ 739,804
on the last Saturday o f ¿very other month—viz., January ,
Total construction and equipm ent.........................................$8,168,314
March, May, July, September and November, and is fu r
“ The Chicago Burlington & Northern Railroad was substan
nished without extra charge to all regular subscribers of the
C h r o n i c l e . Extra copies are sold to subscribers o f the tially completed in the summer. The line was opened through
to St. Paul and Minneapolis for freight business August 23,
C h r o n i c l e at 60 cents each, and to others at $1 per copy.
and for passenger business October 31. So far the earnings
have been all that could reasonably have been expected.”
The Land Department in Iowa reports gross sales for the
year 1886 of 9,143 acres, for $53,378, an average price of $5 83
Union Pacific Bailway.
per acre, and the lands reverted 3,629 acres, representing
(For the year ending December 81, 1886.)
$49,079, leaving as the net sales for the year 5,514 acres, for
The annual report presented by Mr. Adams in advance $4,299. Cash received during the year 1886, $200,017. Assets,
of the full report will be found at length on another page. December 31, 1886, include contracts on hand, $427,680, and
The statistics are generally for the whole system, including 12,000 acres unsold lands, estimated at $5 per acre, $60,000.
auxiliary lines, and the net result of the year was a surplus
The Land Department in Nebraska shows gro s sales for the
income of $8,746,369 over all annual charges, against a similar year 1886 of 14,951 acres, for $97,775, an average price of $6*53
surplus of $2,471,180 for 1885. Operations for three years per acre, and the lands reverted 4,004 acres, representing $28,have been as follow s:
146, Laving, as the net retulfc of the year’s operations, sales
of 10,947 acres for $69,269. Cash receipts for the year 1886,
O P E R A T IO N S A N D F IS C A L R E S U L T S .
$873,936. Assets, December 31,1886, include contracts on hand,
1884.
1885.
1886.
$1,829,849, and 81,000 acres unsold lands, estimated at $4 per
Miles operated Deo. 8 1 ...................
4,476
4,519
4,594
acre, $324,000,
Passengers carried one m ile.........185,721,745 188,237,416 248,523,010
The comparative statistics for four years, compiled for the
Average rate per pass, per m i'e ....
8 27 cl«.
3 ‘05 cts.
2*45 cts.
ANNUAL REPORTS.
*l’ons freight carried one m i le __ 922,270,688 994,780,223 1114102852
Average rate per ton per m ile......
1*80 cts.
1*62 cts.
1*46 cts.
E arnings from—
$
$
$
Passengers.......... .............................. 6,070,897
5.809.018
6,096 237
Freight.................................................17.092,927 18,193,255 18.688,744
Mali, express and. m iscellaneous... 2,493,466
1,922,899
1,918,815
Total earnings...........................25,657.290
Operating expenses and taxes........ 14,868,115
25,925,172
16,157,721
26.603,796
17,608,619
Net earnings............................. 10,789,175
Per cent o f earnings to ex p en ses... 57-95
9,767,451
62*32
8,995,177
66*19
1885.
$
9,687,441
1,382,811
10,335
1886.
9
8,995,179
890,020
13 015
670,341
1Not including com pany’s freight.
INCOME ACCOUNT.
1884.
Receipts—
$
Net earnin gs....................................... 10,789.175
406,416
Incom e from Investments.
7.455
Miscellaneous laud sales...................
66,474
Investments, piemiums, &c.............
R eceived from trustees K. P. con.
249,416
m ort. on account of interest.........
Profit and l o s s .. .................................
207,110
1,113,600
101.927
Chronicle, are as follows :
Miles ow ’d and leas’d
Miles oper’d join tly .
1883.
3,224
98
1884.
3,369
98
1885.
3,534
113
1886.
3,914
122
Total operated..
3,322
3,467
3,647
4,036
OPERATIONS AND FISCAL RESULTS.
1883.
1884.
Operations—
1885.
1886.
4,519,185
5,134,312
Passeng’ s car* < (No.)* 4,123,637
1
5,213,695
7,525,997
Tons carried (N o.)... 7,645,701
8,431,808
8,534,708
learnings—
$
$
5,339,866
5,285,839
Passenger.................
5,286,407
5,631,261
F r e ig h t.................... 19,514,161 18.514,432 19,565,854 19,367.935
1,629,315
1,704,164 1,727,212
Mail, express, & o ....
1,310,369
26,110,369
13,496,479
P.C. o f op.ex. to earn
25,483,613
14,090,745
12,613,890 11,392,863
55*3
51*7
26,556,425
14,405,768
26,728,403
14,491,693
12,150,657 12,236,725
54*25
54*22
>se ca rrie d on m ile a g e o r season tickets.
INCOME ACCOUNT.
Total inoom e........................................................ 11,518,936 11,287,697 11,784,082
1893.
1884.
Receipts1885.
1886.
Expendibu res—
$
$
$
9
Interest on bon ds................................ 5,397,070
5,336,267
197,731
366,077
Disoount and interest........................
356,133
67,224 Net earnings............. , 12,613,890 11,392,868 12,150.657 12,236,725
324,180
566,769
592.43*2
Interest and exch ..
615,342
Losses on invest., prem.. <&
c.................................
93,945
1,595,788
1,129,591
985,796
846,771
Sinking fund, com pany’s bonds.......
591,540
593.605
591.965 Net B. & M. I’d gr’t..
Interest—auxiliary lin e s .................. 1,213,036
1,191,010
298.309
14,533.858 13,089,228 13,728.885 13,698,833
Land taxes, &c , Union D iv..............
84,839
30,920
62,640
Disbursements—
$
$
$
Loss on Leav. Top. & S. R R .................................
9
21,579
11,722 Rentals p a id ........ .
144,506
139,604
187.171
153,215
4,093,005
4,304,284
interest on d e b t ...
4,391,004
4,294,263
Total expenditure........................ 7,652,562
7,632,464
7,229,681 Dividends............
.
5,566,484
5,566.580
6,110,572
6,110,722
Surplus Inoome................................... 3,866,374
3,655,233
4,554,401 Rate of d ivid en d s...
8
8
8
8
Less—U. S. requirements................. 1,187,110
1,184,053
808,033 Carried to sink’g f ’d.
646,430
938,064
646,430
670,295
1,500,000
Transf’d to ren’al f ’d..
500,000
1,000,000
1,000,000
Total surplus inoom e................. 2,679,264
2,471,180
3,746,363
i 11,950,425 11,448,532 12,236,436 12,325,236
* The difference ($80,010) between these figures and the net earnings
2,583,433
1,640,696
1.373,602
1,490,449
as given above is accounted for by deductions made this year to allow
proper comparisons.
Kansas City F ort Scott & G ulf Railroad.
Chicago Burlington & (Jnincy Eatlroad.
(For the year ending December 31, 1886.)
The annual report shows that the funded debt of this comat the date of the last report, including contingent lia-
B :Sfor its branchyear 1836,as............................................
roads, w
Issued during the
bonds as follow s:
O. B. & Q. Binning fund 4 per cent m ortgage bonds of
1919 (Iowa Division) sold........................... ......................
B. & M. R. R. R. in Nebraska consolidated mortgage 6 per
cent bonds o f 1 9 18. sold....................................................
R epublican Valley R R. sinking fund t> per nent m ortgage
bonds o f 191», sold ..............................................................
The reductions during the year for bonds purchased, can
celed and co n v e n e d w«.re...................... ............................
$76,924,507
$1,591,000
1,140,200
139,000
$2,870,200
255,000
Net increase o f funded debt during the year .
Total funded debt December 31, 1886...........................
$2,612,200
$79,539,707
Whole amount o f stock and bonds Dee. 3 1 ,1 8 8 6 ......... $155,926,232
The length of road owned and leased by the company on
December 31st, 1885, was.......................................... ................ 3,534 miles.
A d d fo r roads leas-d and operated join tly with other com
panies, and roads for whiou a fixed yearly rental was
paid............ ..............................................................................
112 “
Total number of miles operated Dec. 3 1 ,1 8 8 5 ..........
3,646 miles.
There have been added during the year, ia Illinois..............
12 “
in Nebraska.........
378 “
Total miles operated by the company Dec. 31, 1886___ 4,036 miles.
There has b e e n e x p e n d e d f o r c o n s t r u c t io n d u r in g t h e y e a r :
On the Chicago Bur. A Quincy R. R. and branches in Illinois.
On the St. Louis R ock island & Onioago R a ilr o a d ............... .
On the Ohio. Bur. & Quincy R. R. and branches in Iow a.........
On account o f the Galesburg & Rio R. R. in Illinois................
On the Bur. & Missouri River R . K in Nebraska and branches
$119,216
23.979
141,908
17o,690
761,350
(For the year ending December 31, 1886.)
The bonded debt of this company has been reduced during
the year by the purchase of $53,000 bonds from cash received
from the Land Department, leaving total amount outstanding
January 1, 1887, of Kansas City Fort Scott & Gulf Railroad
Company 7 per cent bonds, $2,247,000. The net amount to be
gradually realized from the land assets still remaining for the
purchase of bonds is estimated by the General Manager at
about $ 200,000.
The ten-year 6 per cent coupon notes of the company have
been increased during the year by the issue and sale at par of
$220,000 ; the proceeds of which have been used for acquiring
an interest in coal properties, and for other items of construc
tion. The total amount o f these notes now outstanding is
$320,000.
For the Kansas City Belt Railway, the additional amount
advanced by this company during the year was $74,906 ; on
account of which bonds have been received and sold with the
guaranty of this company attached.
The Kansas City Clinton % Springfield Railway, owing to
a complete failure of crops on its line, showed a deficit upon
its bonded interest for the year of $52,000, which was advanced
by the Kansas City Fort Scott & Gulf Railroad Company, in
conformity with its agreement, and for which it holds the
obligation of the Clinton Company. The gross earnings of
the Fort Scott road were however increased $89,354 by inter
change of business with the Clinton Road.
The gross earnings from business interchanged with the
Kansas City Springfield & Memphis Railroad amounted during
the year to $743,182.
The comparative statistics for four years compiled for the
Chronicle are given below;
A p r il
t'HK CHRONICLE.
2, 1 8 8 7 .1
IN C O M E A C C O U N T .
F IS C A L R E S U L T S .
18*4.
389
$
572,483
1,646.161
203,799
1885.
387
$
544,478
1,797,141
204,906
1886.
387
$
507,614
1,821,027
210,697
Mail, express, «so.
1883.
389
$
501,256
1,373,251
141,705
Total gross earns...
Operating expenses... .
Taxes.............................
2,016,212
1,091,594
86.950
2,422,443
1,321.717
85,976
2,546,525
1,470,537
87,770
2,539,333
1,383,942
91,585
Total expenses...,
Net earnings................
P. ot. op. ex. to earn’gs
1,178,544
837,668
58*45
1,407,693
1,014,750
58-11
1,558,307
988,218
6119
1,475,527
1,063,811
58 11
Miles op era ted ....
Earnings P a s s e n g e r ....................
F r e i s l i t ................ ..
IN C O M E
Receipts—
Net earnings.
Interest, <feo..
Total income.............
Disbursem ents—
Interest on b o n d s.......
Leased lines interest..
K. C. 8. & M. proport’n.
Ft. Snort equip, bonds.
Dividends....................
Rate paid on com .......
Do
pref—
S i n k i n g i u n d ......................
Miscellaneous.............
Total disbursements.
ACCOUNT.
1883.
$
837,663
1884.
$
1,014,750
27,395
1885.
$
988,218
1886.
$
1,063,811
2,510
837.668
$
173,203
184,003
25,099
1,042.145
$
166,081
204,123
76,212
102.661
475,576
5
8
21,176
334
988,218
$
162,546
213,078
109,625
116.951
336.158
2*3
8
22,300
3,805
1,066,321
$
177,236
214,187
111,477
103,250
405,880
4
8
22.300
359,364
3
8
24,360
1,421
767,450
sur. 70,218
1,046,213
964,461 1,034.330
def. 4,068 sur.23,707 sur.31,991
eland A kron S Columbus.
c
(For the yea r ending Decem ber 31. 1886 )
The stockholders of this company have just authorized
the issue of $1,800,000 5 per cent first mortgage bonds.
Of these only $1,300,000 will be issued at present, the re
mainder being held to provide the equipment of the Dres
den branch to be built, and for any other purposes to be deter
mined hereafter. Of the $1,300,000 new bonds, $600,000 will
be used to retire the present mortgage debt, which bears 6 per
cent, and by a provision in the mortgage may be retired be
fore maturity. The remaining $700,000 to be issued at pres
ent will be used in the construction of the Dresden branch,
which will extend from Killbuck, Holmes County, almost
directly south through Coshocton County, to Dresden Junc
tion, a distance of thirty-four miles, and there connect with
the Muskingum Valley road for Zanesville. The President,
Mr. N. Montserrat, has been re-elected.
The first annual report of the company to the stockholders
shows the following earnings :
1886.
$221.050
53,654
207,"73
11,417
22,080
27,661
$493,890
405,889
$130,532
M ail................
Express..........
Miscellaneous.
1885.
$17 w,043
55,106
199.548
11,407
20,109
28,677
$542,915
412,383
Fieight (coal).
433
$88,001
Of the net earnings in 1886 the following disposition was
m ade:
Rentals..........................................
Right o f wav...............................
Interest on first mortgage b o n d s ..........................
Dividend on common Btock, 1 ts per c e n t .......................................
S urplus............................................................................
$19,561
1,267
36,000
60,000
13,704
Receipts—
Net earn in g s...................................................
Miscellaneous items
...............................
1885.
$1,793,196
16,800
T otal...........................................................
Disbursements—
Regular d ivid en d s........................................
E xtra dividends.............................................
Reserved for d epredation...........................
$1,809,996
$1,973,351
$1,170,192
392,044
100,752
$1,176,252
392,084
117,765
1886.
$1,947,289
26,068
T otal......................................................... $1,662,988
$1,686,091
B alance.......t'................................. ................ sur. $147,008
sur. $287,260
L E D G E R B A L A N C E S D E C . 31, 1886.
Debit—
Crédit—
T eleph on es...................
$597,750 Capital s t o c k ................ $9,802,100
Stocks............................. 22,605,925 Biiîs and accounts pay
Merchandise and Ma
able *...........................
638,345
chinery ......................
14,160 Patent aocouut (profit
Bills and accounts re
and loss)..................... 9,373,836
ceivable......................
1,007,87 3 Profit aud loss .1........... 3,332,446
Cash and d ep osits.......
683,626 R eserves........................
251,227
S u rp lu s.........................
1,491,380
Total ......................... $24,909,334
Total ..........................$24,909,334
* Of this amount $294,063 Is the dividend payable Jan. 15, 1887,
stockholders o f record Dec. 31 ,188 6.
to
GENERAL INVESTMENT NEWS.
B altim ore S Ohio.— Friends of Mr. Henry S. Ivea report
c
this week that the option for the purchase,of a controlling in
terest in the Baltimore & Ohio Railroad has been extended to
April 25, and it was intimated that the Ives-Stayner syndicate
had given new security that it would exe cise the option. It
was stated that Prtsident Garrett had reduced the amount of
stock to be paid for outright from 80,000 to 50,000 shares, with
an understanding that the voting power of the stock held in
trust under his father’s will should be given to the purchasers
Buffalo New York S P hiladelph ia.— The gross and net
c
earnings for February and for five months of the fiscal year
were as follows:
,-------- February.------- > ,— Oct. 1 to Feb. 28.— .
1887.
1886.
1886-7.
1885-6.
Gross earnings.................. $184,147
$171,522 $1,001,318 $997,544
Operating expenses......... 183,930
142,799
993,308
769,333
Net earnings...............
$217
$28,723
$9,510
$228,211
Canadian P acific.—The gross and net earnings for Febru
ary and for two months, were as follows :
Gross earnings.......
Operat’g expenses.
.---------February.--------- > ,----- Jan. 1 to Feb. 28.------»
1887.
1886.
1887.
1886.
$510,645
$485,458
$ ’ ,154,138
$985,816
530,084
415,741
1,202,074
869,718
Net ea rn in g s...d e f.$69,439
$69,717 def. $47,936
$116,098
Central Verm ont.— The Central Vermont road (not includ
ing the Ogdensburg & Lake Champlain and New London
Northern) reports the following |results of operations for the
half-year to December 31, 1886, the first half of the fiscal
year:
Six months to Dee. 31 ,188 6.
Gross earnings...................................................................................$1,517,255
Expenses.............................................................................................
988,322
Net earnlu gs.......................................................................
Rentals.......................................... .................................................
$528,933
78,250
Surplus.........................................................................................
$450,682
Chicago S Eastern Illin o is .— The stock of this company
c
has been sold at 110 to somepurchaserwhose name is yet un
$130,532 known. The B( ston Advertiser says: “ The sale of a controlling
interest in the Chicago & Eastern Illinois at 110, in the absence
American B ell Telephone Company.
of aoy announcement as to the purchaser, has led to the cur
{For the year ending December 31, 1886.)
rent belief that it was purchased in the interest of the Atchison
The report for 1886 states that the business was marked by system. This belief cannot be positively confirmed, as those
an improvement over the previous year, especially in ex who know will not tell, and those who think they know are
change subscribers— the total number showing an increase of not even disposed to tell what they think. One thing appears
9,818, as against 2,969 in 1885.
certain, and that is that the Atchison is going into Chicago,
_ “ Following the policy outlined in the last report in respect to and both the Wisconsin Central and the Chicago & Eastern
licensed companies operating in territory of little value where Illinois stocks h ive been boomed on the supposed prospect that
it was found difficult to build up a profitable business, we it would use the terminals of one road or die other. This sale,
have modified our contract relations with several of such carrying with it the right to one-fifth of the ste ck of the Chicago
companies, and have negotiations in progress with several & Western Indiana road and the Chicago & Eastern Illinois
more, which will, in our judgment, place these companies terminal at Chicago, very naturally inclines the public to
upon a sound footing, will promote friendly relations, and believe that it has been purchased in the interest of the
will serve to encourage the proper development of the Chicago Santa Fe & California road by the Atchison people.”
business.”
*
*
*
Chicago St. Louis « P ittsbu rg.— Following is a statement
fc
“ Terminal facilities have finally been secured within a few
months io Philadelphia for the long line service, and arrange of the earnings of this road, obtained for publication in the
ments completed for giving facilities for conversation to New
York and other important points. Several private lines are
already under contract between Philadelphia and New York,
and we shall this year be able to go far in ascertaining the
value of this class of business.”
The following is a comparative statement of earnings and
expenses:
E A B N IN O S A N D E X P E N S E S .
1884.
$1,956,413
Bales o f instruments and supplies
7,232
Dividends....................... .........
475,401
Extra-Territorial and branch lines
69,136
Tel-gjraph commission......... .
13,236
Interest........ .
48,503
355
1885.
$2,026.398
2.676
597,469
75.878
15.388
39,812
8,260
1886.
$2,109,492
2,201
844,556
78,110
16,681
34,561
11,400
$2,570,281
841,231
$2,765 884
972.688
$3,097,001
1,149,718
$1,729,049
$1,793,196
Net earnings............................. .
C h r o n ic l e :
.-----Jan. 1 to Feb. 28-----.
.— Jan.
28-----,
1887.
1886.
Gross earnings.................... ......... $852,197
$690,837
Operating expenses........... .......... 649,171
580,107
Net earnings................. ...........$203,026
F ixed charges.................... .......... 182,478
Surplus........................... .........
$20,547
Increase.
$161,360
69,063
$110.729
186,982
$92,296
Loss.$ ; 6,252
$96,800
Cleveland S Canton.— The gross and net earnings for Feb
c
ruary and from July 1 to Feb. 28 were as follows:
«
------ February.------>
1887.
1886.
Gross earnin gs................. $22,351
$21.630
Operating expenses......... 20,332
19,165
Net
earnings.............
$2,169
$2,465
— July 1 to Feb. 28.— «
1886-7.
1885-6.
$246,026
$190,909
196,554
161,140
$49,472
$29,769
Dubuque S Sioux City.—The Illinois Central Railroad Com
c
pany has given notice that in view of the litigation growing
$1,947,283 out o f the struggle for mastery by the two boards o f directors
THE CHRONICLE.
434
o f the Dubuque & Sioux City Road, the Illinois Central will
surrender its lease of the disputed line Octobsr 1, according to
an optional provision of the document.
In New York it is reported that parties in the interest of
Illinois Central have offered Drexel, Morgan & Co. 80 cash for
the 25,840 shares Dubuque & Sioux City stock registered in
their names, and made the same offer to Mr. Jesup. It is
stated that this offer is their ultimatum.
(V O U XL1V.
Louisville New Orleans & Texas.— The gross and net
earnings for February and from January 1 to February 28
were as follows:
,------- February.---------- .
1887.
1886.
Gross earnings.................... $178,929 $139,210
Operating expenses............ 125,666
104,567
Net earnings..................
$53,263
$34,643
r-Jan. 1 to Feb. 28—
>
1887.
1886.
$396,992 $298.9.'8
259,362
223,039
$137,630
$70,919
Memphis Arkansas & Texas.— At Little Rock, Ark., March
Fitchburg.— Dow, Jonfs & Co. report: The Fitchburg
directors have just completed arrangements for the purchase 25, articles were filed incorporating the Memphis Arkansas &
of the Hoosac Tunnel dock and elevator.
The agreement Texas Railroad, with a capital of $2,500,000. It is proposed
calls for 5 shares of Fitchburg stock for 4 shares of the Dock to build from Memphis to Pine Bluff via Marianna and Claren
Company, and will necessitate an increase in the Fitchburg don, Ark.
Company’s capital of $1,512,500. Nearly 6,000 shares of Dock
Company, entire 12,100 shares, are already in control of the
Fitchburg road and one other party.
Meeting of Fitchburg
stockholders to ratify the purchase and to authorize an in
crease of the capital stock and issue of bonds not exceeding
$1,500,000 has been called for April 11th.
Memphis & Charleston.— Following is a statement of the
earnings of this road, obtained for publication in the C h r o n i
cle
:
,-------- February.--------, -— July 1 to Feb. 28.—,
1887.
1886.
1886-7.
1885-6.
Gross earnings...........$125 375
$106,231 $1,131,252 $949,922
Operatingexpenses.... 70,565
86,046
739,420 647,828
F lint & Pere Marquette — The forthcoming report of th e
$20,185
$391,832 $302,094
Net earnings........ $54,810
Flint & Pere Marquette Railroad Company for 1886 will sh ow :
For the eight months expenses include $95,584 spent for
1886.
1885.
Gross earnings......................................... $2,160,772
$1,946,790 steel rails, as against $15,495 in the corresponding time last
Operating e x p e n se s....... ...................... 1,511,162
1,347,840
year.
Surplus
$649,670
647,909
$598,950
593,725
$1,761
Net earnings....................................
Interest and dividends.........................
$5,225
F o rt W orth & Denver City.— The Tribune sa y s: “ The
funds for the extension of the Fort W orth & Denver City
Railroad to the Western line of Texas and for the building of
the road from that point to Pueblo, Col., have been all sub
scribed by prominent capitalists and the work will be rapidly
pushed. It is expected that by July 1 the southern end will
be finished to a connection with the Southern Kansas line of
the Atchison Topeka & Santa Fe, now building to Carson
County, Texap, and that by December the State line will be
reached. Meanwhile it is expected that the 100 miles of road
from Pueblo south to Trinidad will be finished. The completed
road is now 250 miles from Fort W orth to Quannah, Texas, and
188 miles from Denver to Pueblo. The entire system, when com
pleted, will be 810 miles long, exclusive of branches, and it
will shorten the distance from the Rocky Mountain region to
Atlantic tide-water several hundred miles. A t Fort Worth
it will connect with two competing roads to Galveston and
New Orleans, and it will offer a direct line of railroad for the
shipment of stock cattle from Texas to the more northern
pasturing country. The main line will tap four important
coal fields and will reaoh a large traffic in mineral products
The entire system will bear the title of the Denver Texas &
Fort W orth Railway, with one consolidated stock. The
bonded indebtedness will make an average of about $ 1,000 a
mile in fixed charges.”
Grand Rapids & Indiana.— Following is a statement of
the gross ana net earnings of this road obtained for publica
tion in the C h r o n i c l e :
,— February.— >
1887.
1886.
Gross earnings.................. $150,457 $136,838
Operating expenses.......... 108,270
91,395
Net earnings............ .
$42,187
$45,443
r-Jan. 1. to Feb. 58.—
,
1887.
1886.
$291,692
$253,572
211,130
176,570
$80,562
$77,002
Indiana Bloom ington & W estern .— This railroad, from
Indianapolis to Pekin, 111., a distance of 202 miles, in
cluding all rights of wav, &c., and also the line of road, ex
tending from Indianapolis east ward to Springfield, Ohio (com
monly known as the Eastern Division), besides terminal facili
ties and franchises, were sold at Indianapolis, Ind., March 28,
by the United States Master in Chancery, for $8,000,000, to
J. D. Campbell. The sale was in accordance with the plan of
reorganization adopted some weeks ago. This plan includes
the consolidation of the Columbus Springfield & Cincinnati
and the Indianapolis Bloomington & Western. The consoli
dated lines will be known as the Columbus Indianapolis &
Western. The headquarters of the company will be continued
at Indianapolis. The sale was made subject to any lien of the
Cincinnati Sandusky & Cleveland Railroad lease and included
the lease of the Peoria & Pekin Railroad and one-fourth of
its stock.
L ittle Rock & Fort Smith.— A dispatch from Fort Smith,
April 1, sa ys: “ The Little Rock & Fort Smith Railway passes
into the hands of Jay Gould to-day, and active work on the
extensions of the line is to begin at once. The road is to be
extended from Yan Buren to Fort Gibson, Cherokee Nation,
and four miles of the track is now laid out from the first-men
tioned place. The line will be built on the north side of the
Arkansas River to a point on the north bank opposite this city,
where a cantilever bridge is to be constructed at once, and will
be ready to operate by the middle of July or the first of
August.”
Morgan’s Louisiana & Texas R. R. Co.— The advance
statement of this road for the year 1886 shows the following:
1886.
1885.
Gross earnings.................
$4,185,438
$4,232,018
Operating expenses........................
3,142,309
2,dv9,451
Net earnings.............................
$1,013,129
$1,602,567
D educt—
Rentals for leased properties................... $246,131
$229,620
Taxes....................................................
81,510
113,549
Betterments and additions.......................
45,031
51,984
Interest on bonded debt......................
458,757
458,757
Total disbursements........................... $831,429
$853,910
Surplus................................................... $211,700
$748,657
New York Ontario & Western.— Following is a statement
of the earnings of this road, obtained for publication in the
C h r o n ic l e :
Gross earnings.......
Op. exp. and taxes.
Net earnings.......
,-------- February.-------- .
1887.
1886.
$36,405
$77.809
85,611
86,335
$794 def.$8,526
,—— Oel. 1 to Feb. 28.——»
1886-7.
1895-6.
$503,679
$639,360
464,538
583,810
$39,141
$55,550
New York Woodhaven & Rockaway.— At a meeting of the
directors of the New York Woodhaven & Rockaway Railroad
Company at Hunter’s Point Wednesday afternoon, Austin
Corbin was elected President to fill the vacancy caused by the
death of James M. Oakley; J. Rogers Maxwell was elected
Vice-President.
Norfolk & Western.— The gross and net earnings in Feb
ruary were as below.
,------ February .--------> r-Jan. 1 to Feb. 28.—
.
1887.
1886.
1887.
1886.
Gross earnings......... $299.303
$221,788 $578.609 $440,695
137,456
349,795 278,696
Operating expenses.. 172,674
Net earnings....... $126,628
$84,331 $228,814 $161,999
Northern Pacific.— The grossand net earnings by months;
in 1885-6 and 1886-7, have been as follows:
.------ Gross E arnings.------ . .------ Net E arnings.------1886-7.
1885-6.
18867.
1885-6.
July l to Deo. 31. $7,342,295 $6,743,260 $3,970,124 $3,640,981
January.............
571,421
480,330
40,721
30,052
525,723
594,210
' 26,602
182,708
February............
Total 8 months.. $8,439,444 $7,817,839 $4,037,447 $3,853,711
Land sales for the same period in 1886-7 were 180,692 acres;
amount of sales, including town lots, $636,602.
Ohio River.— The Ohio River Railroad Company, whose
line runs from Wheeling to Point Pleasant, Mason County,
has placed a loan for $3,000,000 with the Fidelity Safe Deposit
Company, of Philadelphia. The mortgage covers the entire
line of the road, including the extension from Point Pleasant
to Huntington, now under contract.
Oregon Railway & Navigation.— President Elijah Smith
of the Oregon & Trans-Continental Company said to a reporter
that the lease of the Oregon Railway & Navigation property
to the Oregon Short Line for Union Pacific was not signed;
but he expected President Adams to come to New York and
sign it before the end of this week. He also felt sure that
Union Pacific would take his company’s holdings of Oregon
Railway & Navigation stock.
Philadelphia & Reading.— The result of the joint opera
tions of the Philadelphia & Reading Railroad and Coal & Iron
Company in the month of February, tbe third month of the
fiscal year, was an increase of $654,112 in gross earnings and
an increase of $424,571 in net, compared with February, 1886.
Louisville & Nashville.—The gross and net earnings have For the three months from December 1 gross earnings show
an increase of $969,350 and net an increase of $867,384.
been as follows:
,------ Gross R eceipts.-------->
,------ Net Receipts.-— -'
—
-Gross Earnings.,-------Net Earnings.------ ,
1886-7.
1885-6.
1886-7.
1885-e.
1886-7.
1885 6.
1886-7.
1885-6.
$2,994,034
$646,643
$655,20«
J o ly 1 to Deo. 31. $7,663.147 $6,341,926 $3,229,502 $2,690,243 December......... $2,919,238
2,608,571
2,218,537
749,435
.£98.057
J a n u a ry .................
1,228,093
1,050,636
440,942
372,508 January............
2,636,277
1,982,165
731,407
"30j).8J£
1,170,453
1,049,266
February................
423,613
383.814 February...........
$7,194,736 $2 127,485 $1,260,10«
I F o t a l 8 m onths.. $10,061,693 $8,941,878 $4,094,057 $3,446,565 Total 3 months.. $8,164,036
A
p b il
THE CHRONICLE.
2, 1887.]
—The 81st of March ended the time for deposits of Reading
Railroad securities under the reorganization plan. The total
of deposits is very satisfactory.
The deposits of general mortgage'bonds, 6s and 7s, with
Drexel & Co., are as follows :
Total issue . . . . . . . . . . . . .
Deposits under the plan.
$24,686,000
24,371,000
Am ount n ot d e p o s it e d ..
$315,000
The deposits of junior securities are:
Total issue.
Incom e bonds an d con v ert, ad ju stm en t s c r i p .. $9,884,000
First series 5s............................................
7,782,000
Second series 5 s . . . : ............................................... 6,922,000
Debenture and guarantee scrip...........................
557,569
Convertible b o n d s........................................
5,509,000
Debenture bonds, S R . Co.......... ..........................
652.200
Debenture bonds, C. & I. Co................................ 1,110,000
Common s tock ............... - ...................................3 9 ,4 8 0 ,1 5 0
Preferred stock......................................................
638,850
Deferred income bonds......................................... 20,751,090
Detaohed coupons.....................................................................
Deposits.
$3,372,960
3,367,800
6.692.000
448,065
5,500,320
644,400
1.077.000
38,408.700
586,850
19,675,750
264,619
Total......................................................... $93,286,859 $86,038,464
Amount not deposited..................................................................... $7,148,295
The total of all classes of securities deposited is $110,409,464
out of an aggregate issue of $117,972,859.
Richmond & Alleghany.— The reorganization plan of Rich
mond & Alleghany has been issued. The new securities
will be $6,000,000 5 per cent firsts; $5,000,000 preferred stock
and $5,000,000 common. In 1888 2 % per cent interest will be
paid on the bonds and 5 thereafter. The present lsts will get
100 percent in new lsts, 37 per cent in preferred stock and
80 per cent in common stock. The 2ds get 58% per cent in
preferred stock and the common stock gets 70 per cent in new
common, having paid 10 per cent assessment in all, including
the $2 10 already paid. The money for the assessment will
be used to pay receiver’s certificates. Those who paid the
first assessment of $2 10 can receive their money back by
giving up their stock. The new company will have in its
treasury $1,000,000 firsts and $ 1 ,000,000 of preferred stock
after the distribution of new securities is finished.
Richmond Terminal—Richmond & Danville.—Kiernan's
report on Friday says : “ The Richmond Terminal Company
yesterday took important action, resulting in the adjustment
of the quesion respecting Richmond & Danville 6 per cent
debentures. For some time past it has been considered desir
able to convert the $4,000,000 of these bonds into a consoli
dated 5 per cent bond. The company proposed to pay 118 per
cent, which included the 3 years’ past-due interest on the
consolidated 5e.
Holders of $1,250,000 of the bonds as
sented, but the two largest holders outstanding refused.
At
the meeting Geo. S. Scott proposed to pay in the consolidated
5s, 24 per cent to the non-assenting bondholders and 21 per
cent to those who had assented, this being and including in
terest t0 ^-Pri* "* ' 1887, the holders to retain their 6 per cent
■
debentures for their principal, as they considered their debentures as good as the consolidated 5s. The reason the assented
bondholders received less was because they had been paid
f i 5*1?'0 a? interest on their interest. President Sully opposed
the adoption of the proposition, but it was finally carried, and
all the debenture holders will assent, thus enabling the matter
to be adjusted forthwith.
St. Louis & San Francisco.— The results of operations fc
tne year 1886, and comparison with previous year are show:
below, in advance of the pamphlet report:
1886.
878
$4,874,628
2,049,033
1885.
814
$4,383,406
1,809,633
Increase.
64
$ 1 9 1 ,’ 22
239,400
Taxes and improvements___
$2,825,595
173,263
$2,573,773
140,112
$251,322
33,151
Other incom e.. ! 11! I.' 1
$2,652,332
1159,620
59
$2,433,661
19,782
$218,671
139,838
$2,811,952
1,956,298
$2,453,443
1,755,947
$358,509
200,350
$855,654
315,000
$697,496
315,000
$158,158
. $540,654
$382,496
$158,158
Average mileage..........
!
First pref. dividends 7 p. c..
tivA°Si.e!!r11 ? aC* l C Company.— The following is a comparathia ®
tatement of the earnings, expenses and fixed charges of
The S S w T ° r - L a ’ th. firsfc month of the fiscal year,
Jaf
Jy
e
ihe total mileage is 4,566, against 4,697 last year :
Gross Etgmings—
Facifiosyctem...........
Atlantic a iratom
'
..............................
* , 1887.
Total gross...............................
yet Earnings—
Janu ary1886. .
$1,273,442
734 978
$2,008,420
$488,664
218,503
$707,167
Eent’l leasedlin es ' . .
...........................
• 46,660
Total net in com e....
$753,8 4
7
Fixed charges.........I ” " !" ." ’ !**!!J
1,186,107
.Net p ro fits ...!...........................
def.$344.630def$i32,260
construction and improvement*’...*.’..".*.'.
11,802
.................................... 1 ......................... def.$364,093dei$444,062
Atlantic:7ex tern .*’. * ; ; * * V . ' . V . *...........
Includes interest, rentals, Cent. Pae. guarantee, taxes and IT. S. dues.
435
— It is reported, apparently on good auhority, that the pur
chase of tne South Pacific Coast Road (narrow-gauge) has
been concluded by Mr. Huntington with ex-Senator James G.
Fair. This railroad is operated between San Francis jo and
Santa Cruz, and is different from the Pacific Coast narrowgauge road between Port Harford and Las Animas.
Toledo Peoria & W estern .— A t Springfield, III* March 2&
articles of incorporation were filed in the office of the Seore
tary of State for' the Toledo Peoria & Western Railway Com
pany. The principal office is to be at Peoria and the capital
stock $4,500,000. It is proposed to construct the railway from
a point on the eastern boundary line of Illinois, in Iroquois
County, westerly to the city of Warsaw,thence to the town o f
Hamilton, on the Mississippi River, and by a branch from La.
Harpe to Burlington, Iowa.
U nion Pacific.—The annual meeting was held in Boston
March 80. It was voted to ratify the action of the President,
in agreeing to lease to the Chicago Kansas & Nebraska Rail
way Company the right to make joint use of the tracks and
certain other property of the Union Pacific road situated be
tween Topeka and Kansas City; also to ratify his action inregard to similar transactions with the St. Joseph & Grand
Island and the Chicago Rock Island & Pacific roads.
The proposed lease of the Oregon Railway & Navigation
lines bythe Oregon Short line, in the interest of the Union'
Pacific, was also approved.
Mr. Adams introduced a series of resolutions, in whioh it
was declared that the road was indebted to the United States
in the sum of $49,210,265 on acoount of the subsidy bonds and
interest.
These bonds are due between 1896 and 1899,—
and the amount will be so large that it will be beyond
the power of the company to pay it off from its actual or pro
spective resources; therefore, be it
Resolved, That the President and directors are hereby instructed to-'
formulate and submit to the Government of the United States a p ia n
for settling the subsidy and funding the same for suoh periods at such
reasonable rates of interest and under such terms as to additional seou—;
rity for a gradual repayment of the principle as will in their judgm ent
be wise and ju st to both the Governm ent and the company.
Resolved, Further, that the President and directors be and they are
hereby authorized to proceed and take all proper and necessary meas
ures to secure an early acceptance by Congress of suoh plan for settling- ■
and funding the com pany’s subsidv debt and also for socuring the lib
eration o f the com pany and Its business, as far as possible, from the
control o f the United States and Its officers and from all interferencegrowing out o f its present relations with the Government.
There were 438,200 shares represented. A ll the votes were
cast for the following directors: Charles Francis Adams,
Frederick L. Ames, Elisha Atkins, Ezra H. Baker, F. Gordon
Dexter, Mahlon D. Spaulding, all of Boston; Henry H. Cook*
Sidney Dillon, David Dows, Andrew H . Green, Colgate Hoyt*
all of New York; S. R. Callaway, Omaha, Neb.; Greenville
M. Dodge, Council Bluffs, la ,; James A . Rumrill, Springfield,
Mass.; John Sharp, Salt Lake City. Mr. Adams was re-elected»
President, and the meeting adjourned.
The land grant mortgage bonds that matured April 1, 1887* ,
were paid off. The Treasurer of the company gives notice
that he will purchase any or all of the land grant bonds as
follows : Bonds due October 1, 1888, at 104% flat ex April 1
coupon; bonds due April 1, 1889, at 105% flat, ex April 1 cou
pon.
— The gross and net earnings for February and from Jan*
1 to Feb. 28 were as follows :
----------February.----------- ,
,-------Jan. 1 to Feb. 2 8 ------ .
1887.
1886.
1887.
1886.
Gross earnings .. $1,675,913
$1,594,775 $3,413,266
$2,984,38ft
Oper. expen ses.. 1,230,670
1,078,415
2,537,955
2,236,712"
Net earnings.
$145,243
$516,360
$875,311
$747,674
W abash St. Louis & Pacific.— A t St. Louis, March 30, a
final order was filed in the United States Circuit Court by
Judge Brewer in the case of the Central Trust Company o f
New York against the Wabash St. Louis & Pacific Railway
Company. The order recites the steps already taken by the
Purchasing Committee in complying with the orders of the
Court, and further orders, first, that the Purchasing Commit
tee shall file its bond that it will place a further sum o f
$750,000 to the order of the receivers to pay their obligations,,
and, second, that the committee shall pay all further sum »
that are required or ordered by the Court* to meet the debts
or liabilities of the receivers, Humphreys & Tutt. The order
recites further that the Purchasing Committee shall, April 1-!
1887, take possession of all the railroads and other property
purchased under the foreclosure decree, and that the receivers
shall turn over such property to the committee on that date.
In regard to the lines east of the Mississippi River not sold
under foreclosure, the order directs that the Purchasing.
Committee, being representatives of all the owners ana
holders of general mortgage bonds on the St. Louis Jerseyville & Springfield, the Champaign & Southeastern, Attica
Covington & Southern, the Des Moines & St. Louis and Des
Moines Northwestern roads, which were not sold under the.
decree, shall take possession of them and operate them, sub
ject to the order of the court and to sale in future. It is or
dered, also, that the receivers tender the Eel River Railroad tothe committee, and that if it declines to take possession of it it
shall be surrendered to the Eel River Railroad Company.
The committee give notice in New York that they will pay ~
at par and accrued interest at the National Bank of Com
merce, on presentation, any of the certificates of said com
pany, signed by Solon Humphreys and Thomas E. Tutt, re
ceivers, maturing prior to April 1,1887, on which date interest
on- said certificates will cease.
THE CHRONICLE.
436
£ & je p 0 * ts
REPORT
OF
TH E
a n il
UNION
[F o u X L IY .
d o c u m e n ts .
P A C IF IC
R A IL W A Y
COMPANY.
The Union Pacific system is «proposed o f the roads of the Union Pacific Railway Co. (1,832*45 miles) and auxiliary lines
(2,761‘95 miles), and has a 4 »tal length of 4,594*40 miles. The earnings and expenses of the system for 1886, as compared with
1885, were as fo'lows:
Union Pacific System.
A uxiliary Linea.
Union Pacific Railway Company.
1885.
1886.
1885.
1880.1
1885.
1886.
817,806,132 59
9,685,771 12
$17,455,031 51
8,560,021 24
$8,797,664 89
6,867,337 91
$8,219,643 24
6,522,554 01
$26,«< 3,797 48
16.553,109 03
$25,674,674 75
15,083,175 25
Taxes....................................................
$8,120,361 47
597,654 45
$8,894,410 27
489,733 96
$1,930,326 98
457,855 29
$1,697,089 23
414,324 32
$10,050,688,45
1,055,509 74
$10,591,499 50
904,058 28
Net earnings...........................................
$7,522,707 02
$8,404,676 31
$1,472,471 69
$1,282,764 91
$8,995,178 71
$9,687,441 22
Gross earnings.........
Operating expenses.
E xpense ratio (excluding taxes)...............
Expense ratio (including taxes)................
54-40
57-75
4904
51-85
78-06
83 26
A verage miles o f road under operation..
1,832-45
1,832-45
2,715 68
62-22
66 19
4,548-13
2,641-50
58-75
62*27
4,473 95
79-85
84-39
Gross earnings per mile o f road .................
Operating expenses per mile o f road.......
$9,717 12
5,285 70
$9,525 52
4,671 68
$3,239 58
2.528 77
$3,111 73
2,469 26
$5 ,°49 39
3,639 54
$5,738 70
3,371 33
T axes per mile o f road..................................
$4,431 42
326 15
$4,853 84
267 26
$710 81
168 60
$642 47
156 95
$2,209 85
232 08
$2,367 37
202 07
$4,105 27 1
$4,586 58 1
$542 21 I
$-485 62
$1,977 77
$2,165 30
Net esm ings per mile o f ro a d ............. 1
A t the beginning of the year 1886 certain changes were made in the rates arbitrarily charged for carriage of company
material, etc., which, as compared with the previous year, worked to the advantage of the operating department against the
commercial department. Due allowance for these changes in the methods of bookkeeping being made, the gross earnings,
computed on the same basis for both years, increased $1,265,050 in 1886 over the earnings o f 1885, while the operating expenses
increased $2,032,601.
The reason for the increase in operating expenses is explained by the General Manager as follows :
“ The average mileage of the entire system operated in 1886 shows an increase of 1*66 per ce n t; and per mile of road
operated the gross earnings show an increase of 1*93 per cent, the operating expenses an increase of 8 35 per cent, and the net
earnings a decrease of 8 ‘66 per cent. The total train mileage Bhows an increase of 7*70 per cent, and the car mileage an
increase of 6'56 per eent. An increase of 2*12 per cent of train mileage is accounted for by more extended work train service,
necessitated by the improvements made to track and road-bed.
“ The increased operating expenses are attributable principally to these improvements, maintenance of way on entire
system showing an increase of 23*63 per cent, on consolidated lines 27'16 per cent, on Utah & Northern 82'l l per cent, and on
Oregon Short Line 86*75 per cent. During the year 46,920 tons of new 60 and 67 pound steel rail were laid ; the lighter stee
removed to the more important branch lines, and the iron released used in the construction of less important side lines. Thii
involved the handling of over 62,590*5 tons of steel rails, and, while adding largely to the value of the property, increased the
working expenses to a much greater extent than required for ordinary maintenance.
“ The greater cost of operating expenses is also caused by a considerable increase in maintenance of oars, which on the
®htire system amounts to 19 41 psr cent, on consolidated lines to 20'20 per cent, and on Oregon Short Line to 46 11 per cent.
FINANCIAL RESULTS OF OPERATION OF THE UNION PACIFIC SYSTEM.
After the payment c f all fixed charges and the deduction of Government requirements, the balance applicable to divi
dends in 1886 was $3,746,368 58, or 6 15 per cent upon the capital stock of the Union Pacific Railway Company, as compared
with $2,471,181 18, or 4 06 per cent in 1885. Although the net earnings of the system have decreased $692,262 51, the revenue
from investments and miscellaneous sources has increased to such an extent that the balance applicable to dividends is $1,275,187 40, or 51*60 per cent more than that of 1885, as is evident from the following table :
Decreatt.
Increate.
1885.*
1886.
I ncome ;
$929,122 73
$25,674,674 75
$26,603,797 48
Eaynings entire system ....................................................
$15,083,175 25
Expenses entire system ................................................... $16,553,109 03
904,058 28
1,055,509 74
Taxes entire sy stem .........................................................
15,987,233 531 1,621,385 24
17,608,618 77
Surplus earnings...................... .......... .......................
Incom e from iuvestment s outside o f the system .......
Proceeds miscellaneous land sales................................
Profits on investments, premiums, &o...................... ..
Profit and loss................................................................. J.
Total Incom e................................................................
E xpenditu re :
Interest on bonds........................................................... .
$8,995,178
890,019
13,015
670,341
101,926
71
65
93
57
96
$10,670,482 82
$5,197,731 25
67,223 95
$9,687,441 2*1
1,3-2,811 1 2 !
10,335 90
$692,262 51
492,791 4T
$2,680 03
670,341 57
101,926 96
$410.105^42
$11,080,588 24
$5,336,267
356,138
93,945
593,605
28,180
11,739
05
12
69
00
3?
76
$138,535
288,914
93,945
1,640
Lösses ön investments, premiums, & c.................
Company's sinhina fund requirements.......................
Land expenses. Union Division.....................................
Land taxes, Union Division............................................
Loss in operating Leavenworth, Topeka & Buuth
wes e n R ailroad..................................... .....................
Other.charges against incom e........................................
11,721 76
1,298,399 17
21,578 02
1,191,010 00
T o t a l ............................................................................
$7,2.9,681 44
$7,632,464 01
. Surplus to this p oint.......................................... ........
Less United States requirements........................- .........
$3,440,801 38
808,032 80
$3,448,124 23
1,184,053 05
B alance....................... .................. ............... . ..........
A d a amount received from trustees Kansas Pacific
consolidated m ortgage on interest accoun t............
$2,632,768 58
$2,264,071 18
$368,697 40
1,113,600 00
207,110 00
906,490 00
Balance applicable to dividends.............................
$3,746,368 58
86
1Z
6»
06
591,965 00
56,773 07
5,867 24
28,592 70
5,872 52
j;
9,85« 3»
107,389 17
$102,782 51
............
$7.322 89
376,020 29
. ..........
$2,471,181 18 $1,275,187 40 !
• F or purpose« of comparison, the figures for 1885 have been revised b y deducting the earnings and expenses o f that port! n o f the
e f the Utah & Northern R ailw ay Co. north o f Silver B ow , and o f the railroad o f the Montana R ailway Co., fo r the months of August to Decem
Inclusive, this portion o f the Union Pacific system having been operated b y the M ontana Union Bail way Co since August 1 ,1 886 ; the earnng*
the M ontana Union Railway Co. are n ot included in those o f the system ... ¿¡m
4â7
THE CH RONICLE
A p r i i * 3, 1887.]
la the early part of the past year $50,000 bonds secured by the Kansas Pacific Consolidated Mortgage were
archased by the trustees with the proceeds of land sales for cancellation. No bonds could be bought after that time at p*r
and accrued interest, the highest price allowed by the indenture for their purchase. The trustees therefore advanoed to the
company, in accordance with the terms of the mortgage, a sufficient sum of money, derived from land sales, to pay the
interest accrued during the year on the outstanding Kansas Pacific Consolidated Mortgage bonds. The amount thus received
was applied to interest. At the same time the company appropriated from its current funds a sum of money, which was
«pent o n the construction of railroads tributary to the Kansas division. The first mortgage bonds representing the cost of
these railroads were delivered to the American Loan & Trust Co., trustee, during the year and since its elo*>e, according-to
the terms of the trust indenture of the Union Pacific Railway Co., executed July 1, 1886, creating and establishing a sinking
fund for the further security of the lien and mortgage creditors of the Kansas Pacific Railway Co.
t ur
The bonds thus deposited form a sinking fund, all the accumulations and income of which may be invested in : any
of the mortgage bonds of the Kansas Pacific Railway Co., or in the first mortgage bonds of any company whose railroad
co n n e cts with the Kansas division. This sinking fund will materially increase the security of bonds of the Kansas Pacific
Railway Co. A t present (March 30, 1887), the American Loan & Trust Co., trustee, holds the following bonds :
fl«llna Lincoln & Western Railw ay Co., six per cent bonds.................................................................................................................................. .
junction City < Fort Kearney Railway Co., five per cent bonds.............................................. — ............................................... ............ .
fe
.Denver Marshall & Boulder R ailway Co., five per cent bonds........................................................................................................................
Kansas Paclflo Railway Co. Consolidated M ortgage six per oent bon ds...............................................................................................................
$519,000 $0
171,000 00
202,000 00
6 ,0 0 0 0 0
-$893DOOuOO
FUNDED AND FLOATING
i. •
.
DEBT,
. ■■,
-- '*>**|d
The following table exhibits the condition of the funded and floating debt of the entire Union Pacific system, its
afleage, etc., on June 30, 1884, December 81, 1884, December 81, 1835, and December 81, 1886, respectively :
June 3 0 ,188 4.
Dee. 31 ,1 8 8 4 .
Dee. 3 1 ,1 8 8 5 ,
Dee. 3 1 .188 0.
$146,589,427 87
1,958,032 50
$144,649,047 50
3,467,487 50
$144,788.958 53
2,147,450 00
$148,233,092 96
637,300 00
Total funded d e b t . . . . . . . . . . . . ....... ..................................... . . . . . . . . .
$148,546,460 37
6,900,177 95
$148,1 IB,535 00
3,237,696 53
$118,936,408 53
1,861,445 40
$148,870,392 96
*1,351,189 73
Total funded an d floating debts.................... ..................................
$155.446,638 32
$151,354,231 53
$148,797,853 93
$147,519,203 23
Funded debt of the system In the hands o f the pubHo.
............
Add bonds of the Union Paolfio Railway Co. in treasury o f C om pany..
4,419*8
Debt per mile of road.........................................................................................
* Excess cash and cash resources.
4,476-4
4.519-5
$35,170 51
$93,811 5 »
$32 9.-3 0 2
14,594*4 j
-$S2vW »"48
t E xcluding Montana Union Railw ay Co.’s lines, 66*7 miles.
Accounting, therefore, the bonds and other securities of the company held in its own treasury as bonds “ afloat’'—th«%
is, issued—the changes between June 30, 1884, and December 3 1 ,1S86, have been as follow s:
ynorease In funded debt................................ .......................................................................................................................................................
Deerease in net floating debt................................................... ...........................................................................................................................
$323,932 59
8,251,S67‘ 0fc
Total decrease in debt..................................................................................................................................................................................
$7,927,485 09
Inorease in m les o f road ........................... .................................... .................... i .................................•
........................................... ......................................174-6
Decrease in debt per mile o f road........................ ....................................................................................................................................................
$3,062 03
During the two years and six months which elapsed between the change in the company’s management in June, 1884
and the 31st of December, 1836, a sum exceeding $16,200,000 00 was spent in improving the condition of the system, either
through extinguishing the floating debt of the company, or paying for new construction and equipment. The amount
applied to construction was spent chiefly in the rebuilding of the!Omaha bridge, making preparation for the-change of gauge
of the Utah & Northern and extending certain of the more important branch lines. A large amount ($1,240,000 00) has also
been spent for new equipmi nt.
The above sum of $16,200,000 00 was derived from the following sources:
f b * surplus revenue of thirty months, whlob, under ordinary circumstances, would have been applicable to d ivid en d s.,.... . . . . . . .
The sale o f the oompany’a ow n bonds In its treasury, and securities o f auxiliary lines included In its investment accou n t..............
$9,650,000,00
6,550,000 00
$16,200,000 00
Meanwhile, during the same period, bonds of the company to the amount of $5,996,500 00 were retired through the
operation of the sinking funds and the land grant trusts. Of the bonds thus retired $2,397,000 00 belonged to the issue known
*• ffie land grant bonds and $1,525,000 00 to the issue known as the Kansas Pacific Consolidated Mortgage bonds.
During the period in question 316 miles o f new road were completed and paid for ; the bridge across the Missouri River
at Omaha was practically reconstructed on a new and much enlarged plan, adequate to the present and all immediate future
requirements of traffic. This work will be completed in JunO of the present year. All preparations were made for changing
the gauge of the Utah & Northern road north o f Pocatello, and the finàl conversion from the narrow to the standard gauge
will be made in June.
The investment account in bonds and stocks o f other railroad companies, which was $33,938,275 83 on the 30th o f
ione, 1884, on the 31st of December, 1836, amounted to $32,911,775 95.
Accordingly, as appears from the table printed above, at the close o f the year 1886 the company had within thirty
months wiped out a floating debt of $3,251,367 68, while at the same time the aggregate outstanding funded debt of thè
system had been increased $323,932 59, and the amount of the investments of the company in the securities of its branch or
auxiliary companies ($33,000,000 00) had been diminished $26,499 87. During the period named the financial condition o f thè
system, including both the company and the auxiliary lines, as reprèsenfced in the aggregate of floating debt, funded debt ana
investment account, had been improved in the net amount of $7,900,935 23, and in addition to this $3,300,000 00 had bëéû.
•pent in new «instruction and equipment.
LOCAL AND THROUGH BUSINESS.
The decrease in the value of through and Pacific Coast, and th9 increase in the value of local, business has steadily
continued, as will be observed from the following tables. Ia these tables, under the head of local business all business is
ncluded except Pacific Coast business to and from California, Nevada, Oregon and Washington Territory, and through
usiness. Through business signifies all business passing to and fro between the eastern termini of the Union Pacific system
at Omaha, Council Bluffs, Kansas City and Leavenworth, and its western termini at Ogden, Huntington and Garrisofi
1*er Bow in place of Garrison since August 1, 1836). Pacific Goast business includes all California and Nevada busineèk
originating from or destined to points west o f Winnemucca, Nevada, a station on the Central Pacific railroad 419 miles wesi
gden ; and also all business to or from points in Oregon and Washington Territory'wèst of Huntington, Oregon,
438
THE CHRONICLE.
[V ol. X L T f.
In past years Oregon and Washington Territory business was classified as local or through business ; it is now classified
«8 Pacific Coast business, and the figures for 1885 have been revised in accordance with the basis adopted in 1886.
The value to the system of local business as compared with through and Pacific Coast business, 1886 and 1885, is shown
by the following table of passenger and freight earnings :
Local Business,
including Goal.
v
Through Business,
„
. „ including
Pacific Coast Business.
Totals.
$19,187,758 27
17,910,335 49
Year.
$4,637,868 46
4,967,754 28
__,
$23,825,626 73
22,878,089 77
1 8 8 6 .......................................................................
1 8 8 5 ....................................................................................
In crease....................................... .............................
D e cre a se ...................................................................
$1,277,422 78
Percentage o f increase......................................................
-Percentage o f decrease...................................................................................... 1
" " "
"""" '
' "*
"
7-1 a
_
...... "" "" "
$947.536 86
j
4*14
6-6Ì* '
■ 11 ■
■
'
The increase in local business has, by the sum of $947,536 96, more than made good the decrease in through and Pacific
Coast business.
The number of passengers carried one mile w a s:
Year.
Local Business.
Through Business.
Totals.
157,800,538
129,461,386
90,722,472
58,776,030
248,523,010
188.237,416
28,339,152
1 8 8 6 .............................................................
1 8 8 5 ..................................................................
31,946,442
60,285,594
.....................................................
Increase................................................
Percentage of Increase...........................................................
21*89
-54*35
3203
The number of tons of freight carried one mile w a s:
Local Business,
including
Coal.
Increase..............................................................................
....................................................................................................
316,824,367
251,802,405
1,114,102,852
994,780,223
54,300,667
1 8 8 6 ......................................................................................
1 8 8 5 .................................................................................
Through Business,
including
Pacific Coast Business.
797,278,485
742,977,818
Year.
65,021,962
119,822,629
Percentage of Increase...............................................................
7*31
Totals.
25*82
11*99
Peculiar interest attaches to the movement of Pacific Coast business during the past year because of the dissolution of
the Trans-Continental pool February 20, 1886, resulting in a complete demoralization of rates after that date on all Pacific
Coast business, both passenger and freight. The effect of this demoralization upon the traffic and receipts of the original
« u dized Union Pacific road has already been referred to. But a considerable portion of the Pacific Coast traffic is now done
.Over other portions of the Union Pacific system. The effect of the Trans-Continental war of rates on the freight receipts of
-the whole Union Paoific system is very clearly shown in the following table
PACIFIC COAST BUSINESS FOR THE YEARS
Freight Earnings.
1886.
-Janu ary...
F e b ru a ry ..
¿M arch... .
A p ril______
’May..........
J u n e ...........
-July...........
A u g u st___
.September.
*Ootober___
¿November.
D ecem ber.
Total.
$84,325
115,510
165,417
129,818
178,241
155,041
208,482
194,802
153,453
195,789
162,890
152,227
Tons Carried One Mile.
1885.
86
09
84
69
01
66
83
73
89
63
68
46
$1,896,002 37
1886 AND 1885.
Bates $ Ton
Mill.
1886.
1885.
1886.
85
48
61
50
55
34
35
52
54
29
83
06
6,697,082
11,757,397
38,819,853
32,765,375
20,563,772
19,806,739
23,562,851
22,168,286
19,227,155
22,240,090
19,568,386
20,570,694
8,324,840
9,182,051
15,367,782
14,058,024
16,119,736
16,966,152
19,155,525
20,373,490
23,137,408
21,296,146
15,059,369
9,528,515
Cents.
1*26
0*98
0*43
0*40
0*87
0*78
0*88
0*88
0*80
0*88
0*83
0*74
Cents.
0*77
1*19
1*15
1*19
1*38
1*0«
1*38
1*23
1*25
1*23
1*28
1*29
$2,304,043 92
257,747,680
188,569,038
0*74
1*22
$64,422
108.994
176.349
167.224
222.843
179,852
265.297
251,495
289.782
261,092
193.224
123,464
1885.
From the above table it appears that in March, 1886, immediately after the war of rates had begun, the tonnage moved
-one mile was more than double that of the same month of the previous year. With the increase of business, rates decreased
from 1*15 cents per ton per mile in 1885 to 0*43 cent in 1886, resulting in a decrease in gross earnings derived from Pacific
Coast business in March of $10,931 77.
The Pacific Coast tonnage moved one mile during the entire year shows an increase over 1885 of 69,178,642 tons, or
"86*68 per cen t; the gross revenue derived from this class o f business shows a decrease during the same period of $408 041 5 ,
5
or 17*71 per cent.
In 1885, Pacific Coast freight earnings amounted to 8*97 per cent of the gross earnings of the system ; in 1886 they
represented but 7*12 per cent of those earnings.
Pacific Coast business for 1886 shows an increase in the number of tons of freight east bound carried one mile of
28,340,594 tons, or 25*81 per cen t; and an increase in the number of tons west bound, of 45,838,048 tons, or 47*58 per cent, a
s
compared with 1885.
The results above set forth have a peculiar significance taken in connection with the report of the officers of the
Interior Department to the Secretary of the Treasury of March 5, 1885, referred to in the last annual report (p. 9.) It will be
remembered that in the report in question it was claimed that the so-called subsidy, or payments made by the Pacific railroad
companies to the Pacific Mail Steamship Company, under the arrangement through which rates were maintained, had been
improperly deducted from the gross receipts of the Pacific railroad companies in ascertaining the requirements of the Gov
ernment, and that a large sum o f money was, therefore, still due from the companies to the Government under the Thurman
A ct.
The arrangement in question terminated in March last. No further payments under it were m ade; and the rates of
freight, no longer sustained through the agreement, were at once reduced in the manner and to the degree set forth in the
foregoing table. The cause of complaint on the part of the Government was, therefore, removed. The result speaks for
itself. The Government requirements under the Thurman A ct being fixed at twenty-five per cent of the net earnings of
certain of the aided lines of the companies, and the net earnings of those aided lines being to a very considerable extent
dependent on the profits derived from the trans-oontinental traffic, when the trans-continental traffic went to pieces, the
twenty-five per cent was correspondingly reduced. Accordingly, the Government requirements of your company for the
A p r il
THE CHRONICLE.
2, 1887.J
439
year 1886 were, largely through this cause, reduced to $808,083 80, as compared with $1,184,058 05 in 1885. It would thus
appear that the Government of the United States had an interest in the maintenance of the subsidy arrangement with the
Pacific Mail scarcely less than that of the railroad companies themselves.
COMPARATIVE BALANCE SHEETS, DECEMBER
December 31. 1885.
81, 1886, AND DECEMBER 81, 1885.
Tear 1886.
L iabilities.
December 31 ,1 8 8 6 .
Increase.
$60,868,500 00 Capital Stock............................................
$88,757,147 50
Funded D e b t....................................................
$88,768,277 50
Less Amounts held In the Kansas Pacific Con
6.799,465 00
solidated Mortgage Trust............................
6,799,150 00
81,957,682 PO
33,539,512 00 United States Six Per Cent Currenoy B onds.
interest on United States Bonds....................
Less Amounts repaid by the Company
81,969,127 50
33,539,512 00
Decrease.
$60,868,500 00
$36,118.110 30
20,950,896 27
$38.130,481 02
22,459,727 56
15,167,214 03
1,861,445 40 Floating Debt.......: ..................
774,103 95 Interest aoorued not yet due.
Less Defloit o f United States Requirements
and Interest collected on United States Sink
ingFund.as compared with Acorued Interest
on United States Bonds, Feb. 1,1880, to date
$40,312,538 66
$6,061,923 76
3,087,964 74
A ssets.
948,401 25
$230,030,959 85 $3,751,450 56
$159,298,918 95
Investments:—
Bon Is and Stocks o f other R ailroad Cos.......
Bonds and Stocks o f Steamship, Coal and
other Companies, and County B onds.........
Bonds and Stocks o f Railroad and other
Companies held In the Kansas Pacific
Consolidated M ortgage Trust.......... .
Miscellaneous Investm ents............... ! ! ! ! ! . . .
A dvances to A uxiliary Companies pavabie
In Bonds and Stock..............................
869,354 31
B,215,250 00
680,890 63
3,415,280 50
$1,861,445 40
15,610 98
$4,282,573 64
591,965 00
1,187,385 12
Cost of R oad and F ixtures...........................
$155,068,291 42
Construction Expenditures since Consoildat’n
2,399,325 37
Equipment Expenditures sinoe Consolidation
3,173,842 34
Omaha Bridge Im provem ent.................
642,229 08
-38,364,172 45
$593,539 43
37,224,573 92 $5,113,522 51
$226,279,509 29
00
03
06
86
2,012,370 72
1,508,831 29
$16,915,421 06
3,568,598 78
19,828,518 82
32,111,051 41
$155,064,327
1,792,434
2,388,626
53,531
$11,445 00
*758,492 97
$34,250,614 90
2,139,560 49
$315 00
15,670,753 46
Income Accounts: —
General I n c o m e ...........................
Incom e used fo r Sinking Funds!
Land and Trust Incom e............ !
$12.632.847 42
2,976-633 78
18,641,133 70
$11,130 00
$3,964
606,891
785,216
588,697
42
34
28
22
$161,283,688 21 $1,984,769 26
$32,911,775 95
$5,542,396 50
2,617,411 75
$1,748,057 44
3,217,250 00
755,749 93
74,859 30
2,000 00
5,697,6Ÿ0 44
46,544,947 89
2,282,389 94
45,199,858 07
......................... . Cash and Cash Resources, Balance of...............
aoo Aon ok
and Funds held in Denver Extension
$1,345,089 82
1,351,189 73, $1,351,189 73
638,638
68,847
2,889,218
18,599,518
t floo’ îoi? ™ Collateral Trust Sinking Funds ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
1 a i R o o o n 2 ? F116^ Material and Stores on Hand......... ..........
18,159,289 81iLand Contracts, Land Cash, e t c . . . . . . . . ..........
$226,279,509 29:
95
87
35
67
116,158 70
1,205,786 33
440,228 86
$1,592 50
$230,030,959 85 $3,751,450 56
FLOATING DEBT AT THE CLOSE OF EACH QUARTER FROM JUNE 30, 1884, TO DECEMBER 31, 1886.
L iabilities.
September
30,1884.
Bills Payable*...........
Accounts Payable....
Pay Rolls and Voucherst
Dividends unpaid......
Coupons unpaid * ......
Called Bonds..........
5,783,778 53
2,000,175 60
1,909,072 35
79,866 27
535.522 90
32,000 00
$
December
31,1884.
March 31,
1885.
June 30,
1885.
$
$
$
September December March 31,
30,1885.
31,1885.
1886.
June 30,
1886.
September Deoember
30, 1886.
31,1886.
$
t
t
5,708,769 80 7,922,020 00 7,575,000 00 5,960,000 00 4,115,000 00 3,961,000 00
2,450,000 00,
2.478,64948 1,407,455 25 1,516,833 SO 1,609,898 88 483,079 48 667,814 15 786,507 93
965,860 64 294,036 09
1,691,004 28 1,921,175 04 2,242,076 88 2,227,418 35 2,828,075 25 2,558,633 05 2,378,554 12
2,515,759 97 8,992,746 29
78,104 52
78,648 77
72,665 52
71,970 77 71,07802
71,567 17
7J ,567 77
71,042 77
69,80727
1,328,522 90
320,802 00 1,265,622 90
342,V 90 1,263,017 90 392,652 90 1,259,987 90 802.968 44 1,262,544 24
07
2 1,0 00 00
96,000 00
96,000 00
50,000 00 50,000 00 172,000 00 77,000 00 100,000 00
96,000 00
Total.......................... 13,110,020 90 11,240,815 65 11,306,594 73 11,746,248 61 12,768,199 10 10,262,195 90 8,811,050 65
7,823,167 87 7.023,567 72 3,955,681 82 5,715,183 82
A ssets.
Cash.....................
1,192,070 86
825,237 79
712,962 90 1,266,659 35
Company Stocks A Bonds 2,072,353 09 2,091,739 76 8,578,159 76 3,467,392 86
Sinking Kund In hands of
Trustees......................
32,000 00
82,000 00J 159,11015
97,265 49
Bills and Accounts Re
ceivables ..............
2,913,419 00 3,154,828 74 3.618,665 89 3,404,390 50
Total....... .
6,209,842 95 6,108,806 29 8,068.898 20 8,235,708 20
1,211,855 96 1,101,046 50 725,887 15 739,098 86 1,226,224 45
3,167,460 93 2,516,268 85 2,313,918 60 1,139,761 88 896,718 17
135,694 89
385,840 73
709,681 70
806,457 90
768,63832
50,977 44
3,548,396 67 3,752,751 06 3,909,799 50 4,179,997 93 5,457,401 70 5,638,063 75 5,491,227 83
8,063,408 45 7,421,043 85 6,940,605 25 6,058.858 62 7,580,344 32 6,728,536 18 7,066,823 55
Net Floating Debt....... g6,900,177 95 15,137,009 36 13,237,696 53 3,510,540 41 4,704,790 65 2,841,152 05
1,861,445 40 1,764,309 25
Cash and Cash Resour
ces, balance o f ,...
556,776 60 2,772,904 36 1,351,189 73
wa8Tborr^winimmmy.ed th® actual notes o f the com pany on which it
Includes notes receivable held b y the com pany, advances td Utah
Central R ailw ay Co. for purchase o f steel rails, open accounts at Omaha
t o t h î r S S W n S S Î i a a î ? B ï nt Deoè“ lber 31- 1886, is due principally against other railroad companies and Individuals, and advances to
#
of the sucneAdn!»1 ^ 1885 o f tax vouohers payable in the early months branch lines on current account.
^
B t r u c t i o n a n d v o u o h e r s fo r material to be used in the conI The amount found due the United States b y the Court o f Claims, on
I
m c h îd e « t te Omaha bridge and extensions o f branch lines.
earnings of past years, $916,704 02, is not included at these respective
xaclude8 fo il amount o f coupons due ou follow ing day.
Qditi6S(
*u &T^ioui City*—Boston reports state that the
8
& Sioux City Railroad have subroid
Tn®to®
k^older8, £ proposition for the sale of the
StrvV tn. u Biin018 Central Company on the following terms:
by the Blinois Central at $50 per share,
sold and
^rea8}lry a08? ts and of the company’s lands unsoid and bills receivable from land sales. There are now in
S r *555P 2n !nd0Q° 0 ^°nds to be Bold to the Illinois Central
? y
5 ft
o
Illinois f W r o i ^ ^ shares of stock to be assigned to the
urv
ntKalTird
£e ent\tled to their proportion of treas
o n , . nf h!Q .Illl.no}8 Central to assume and guarantee paymi.,,
i 6 Princ,Pai and interest of the mortgage bonds.
K im bS hnf i l OUnt 1 4? be, adjusted to March i David P.
8
xumDail bas been appointed trustee to receive certificates of
stock. All the net assets will be divided pro rata among the
stockholders, and such dividend will probably amount to 38
per cent upon each share o f stock.
Cincinnati Hamilton & Dayton.—An official of the Cin
cinnati Hamilton & Dayton Railway is authority for the
statement that representatives of the syndioate that controls
that company have purchased the Dayton Sc Delphos narrowgauge road for $360,000. With this purchase the C. H. Sc D,
also gets the right of way for an extension from Delphos to
Decatur, Ind., where the company secures connection with
the Chicago & Atlantic for Chicago. The Dayton Sc Iron ton
will be made standard gauge on Sunday, April 3, and it is
said that the new purchase, the Dayton & Delphos, will bo
widened before May 15.
THE CHRONICLE
440
2£he
[ V ol , X U V .
C O T
1 | tm c s.
T O
N
.
P. M., April 1, 18$7*.
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrajcs
from the South to-night, is given below. For the week ending
COMMERCIAL EPITOME.
this evening (Apr. 1), the total receipts have reached 34,115
bal9P, against 46,298 bales last week, 57,716 bales the previous
F r i d a V N i g h t , April 1,1887.
week and 72,953-bales three weeks -since; -making the total
W e have had wintry weather over a considerable portion of receipts since the 1st of September, 1886, 5,040,883 bales,against
the United States this week?. Frosts and, snows are reported 4,850,597, bales for the same period of 1885*86, showing an in
from Southern latitudes, and in the South Atlantic States early crease since September 1, 1886, of 190,286 bales.
vegetables grown for Northern markets have been killed, In
lio n .
Tues.
Receipts at—
Sat.
Wed. Thurt. Fri.
Total.
the Ohio and Mieeouri Valley it is reported that wheat has been G a lv e sto n ... . . .
211
99
438
1,129
33
159
2 ,077
damaged. The spring trade is injured, and the re-opening of
.
....
Indianola, &c.
• ..
W
483 1 3,507
inland navigation is delayed by the lateness of the season. New O rleans... 2,329 2,200 4,624 1,713 2,153
3 46
32
9
83
103
489
1,014
Floods, which did some damage, are abating.
Mercantile M ohile,..............
Florida..............
••a
•
25 * J 2 *
values generally gained strength early in the week,with cotton Savannah.......... • •61
422
1,268
1 80
173
2,262
158
and coffee very aotive. The low rates o f ocean freight have
....
#.f ....
4
....
Brunsw’k, Ao.
34
34
opptinued to afford some stimulus to the export of cereals, C harleston.......
321
87 !
73
331
197
47
1,056
....
.... 411
P t Royal, Ac.
...i
411
••
••
o f which we still have a large surplus to go forward, but the
62
1
26
141
28
89
29T
general export movement is light. The progress of legislation W ilm ington. . . .
....
Moreh’d C.&o.
mm
md
• am
é
5
i S
in several States to restrict or prohibit the sale of intoxicating Norfolk..............
277
418
104
204
157
1 ,5 1 6
3 56
liquors is ekciting much interest.
61
2 61
West Point, Ao
10
109
33
1,680
1,406
350
96S
1,331
1,263
85Ó
The speculation in lard for future delivery has been very New Y o r k ......
'4^760
673
259
826
466
241
279
2 ,7 4 «
dull all the week at prices showing no important fluctuations* B oston..............;
.... .... .... ....
B altim ore.........
•• •
•
••
•F
To-day the market weakened under very moderate offerings. Philadolp’a, Ao.
1 ,4 8 6 -------«2
23?
2,525
3 40
890
-—
Lard on the spot has been very dull, and closes nearly nomi
nal at 7*50c. for prime oity, 7 ‘60@7*65c. for prime to choice Totals this week 4,375 4 ,823 8 .346 7,078 4,413 5 ,080 34,115
For
f olio
'Western; 7*35c. for refined to the Continent and 8’lOc. for total comparison, we give theSept. wing.table showing the week’s
receipts, the total since
1,1886, and the stock to-night,
«eflned to South Amerioa.
and the same items for the corresponding periods of last year.
F r id
DAILY CIXJ8ING PRICKS OF LARD KCTCRBS.
Sen urd’y.
A p ril deliv’y .. 7*54
M ay
" . . 7 '6 l
June
“
7-68
July
* .. 7-74
August “ .. 7*80
Mond'y.
7*62
7*69
7*75
7*82
7*88
Tuesd’y.
7*58
7rp5
7*72
7*7»
7*85
Wedns'y. Thursd'y. Friday
7*60
7*60
7*57
7*66
7*68
7 61
7*72
7*74
7*70
7*75
7*8,0
7-78
7*84
7*86
7*81
Pork has been drooping, and doses somewhat unsettled at
$15@$16 for old and new mess, $13 50@ $14 for extra prim®
and $16 50@ $17 60 for clear. Cut meats have been more active,
but at easier prices; pickled bellies
hams 11^@
ll& c . and shoulders 6^ 0.; smoked hams 12^@ 12^6. and
shoulders 7%c, Beef is steady at $9 60 for extra mess and
$t6(3$10 60 for packet per bbl., and $16@$18 for India mess
per tierce. Beef hams are steady at $21 500 $22 per'bbL Tal
low is lower and more active at 3 15- 16q. Stearine is dull at
Bo., but oleomargarine sold freely to-day at . S M Butter is
easier at 21® 33c. for creamery and 20@28c. for State dairy.
■Cheese is firmer at 12%@ 14^c. for State factory full cream
¿rad7@12%c. for skims.
The following is a comparative summary of aggregate ex
ports from November 1 to March 26.
i.'ii-,
1886-7.
1885-6.
Pork, l b s . . . . . . . . . . ........ 19,236.000
19,089,200 Inc.
1 4 6300
B acon, Ao., lbs ............. 221.468,285
207,093,360 Ino. 14,374,875
Lard, lbs ...............
151,334,8p7 124,107,215 Inc. 27,227,642
^ h e speculation in Rio coffee has been aotive all the
week,
An. early advance was followed hy a decline,
which nearly recovered, and the market .to-day was
quite buoyant, closing with sellers at 13*70@13*75c.
■for the earlier and 13S0@13’90c. for the later months.
Coffee on the spot continued active, and the quota
tion for fair cargoes Rio was advanced to 153^c., but the busi
ness in mild grades is not so brisk at the advance asked. Raw
.Sugars opened . the week active, but are latterly quieter,
cjptfng slightly easier at 4 9 16@4%c. for fair refining Cuba
and 5 ^ @ 5& c. for Centrifugal 96 deg. test. Molasses was very
active ; 950 bhds. Cuba, Porto Rico and Barbadoes sold to
day, and the market is firm at 19)^c. for 50 deg. test.
Teas
are quiet.
,Keotucky tobacco has sold in the past week to the extent of
325 hhds. , o f which 125 for export at unchanged prices. Seedleaf has been dull, and sales for the week arë only 1,180 cases
as follows ; 240 cAses 1881-82-83 crops Pennsylvania seed,
12 to lfi^ c.; 42Q oases 1885 crop do., 12 to 18c ; 120 cases 1885
crop, Pennsylvania Havana, 10 to 18>£c.; 100 cases 1885 crop
Little Dutch, p. t. : 100 cases 1885 crop, Ohio seed, p. t.„ and
200 cases sundries, 7 to 28ci. ; also, 450 bales Havana, 60c. to
$1 05, and 200 bales Sumatra, $1 20 to $1 45.
Otude petroleum certificates have ruled very dull, with only
fractional changes in values, closing to-day at 63J^@ 63%o
Spirits turpentine has been dull and closes lower at 38c. Low
.grades of rosin have been taken for export to the extent of
5(g) 6,000 bbls. and prices are firmer at $1 20@$1 25 for com
mon to good strained. The Metal Exchange has developed
no features, o f special interest. To-day, however, block tin
was more active at 22,50e. on the spot and 22 70c. for July,
and ingot copper sold to the extent of 25,000 lbs. for April at
10‘35c., a slight decline. Lead dull at 4 •30@4*40c.
Ocean freights are still very low, especially for grain to
Brithh ports to which shipments are checked by the higher
values current. A moderate business is done to the Continent.
The nominal rate for wheat to Liverpool and London is one
penny a bushel. Petroleum charters were brisker earlier in
the week at lów rates, but late business is dull.
Receipts to
A pr. 1.
G a lv e s to n ...
Ind’nola,Ao
New Orleans.
M obile..........
F lorid a.........
8avannah.
Jlr’sw ’k, Ao
Charleston ..
P t.R oyal.A c
Wilmington .
M’head C.,Ao
Norfolk....... .
W .roint.& c.
New Y o r k ...
B o sto n ___ _
B altim ore. . .
Phlladel’a,Ao
,
1885-86.
1886-87.
This Since Sep.
Week. 1 ,1 3 8 6 .
2,077
ay
692,070
13,50|7 1,663,480
1,014 210,310
22,918
25
2,202 781,075
34
31,349
1,050 359,809
411
17,251
297 133,246
5
3,740
1,516 518,860
1,830 819,558
4,760
87,994
2,746
94,372
63,815
2,525
40,537
This Since Sip.
Week. 1 ,1 8 8 5 . (
4,580
655,895
781
16,939 1,610,622
J.,537 234,285
15
49,765
6,075 739,950
131
15,149
5,210 454,167
124
12.997
846
95,916
7,345
25
9,527 501,502
3,349 246,037
624
50,095
3,356
88,825
2,979
48,117
39,149
3,708
Stock.
1(387.
1856
21,436
33,164
202,133
4,762
10,242
289,398
36,406
2
35,359
10,131
260
2,256
47,910
101
4,936
11,116
9,349
228,663
6,500
11,890
22,454
35,544
309,294
6,310
30,951
22,416
T otal............ 34.115 5,040.883 59,095 4,850,597 541,192 851,740
H o t » . —Corrections o f receipts since Sept. 1 as follow s, vie.: Added
to Bruuswiok, 4,753 bales; deducted from Charleston, 1,679 bales, and
from Norfolk, 2,178 bales.
In order that comparison may be made with other years, ws
give below the totals at leading ports for six seasons.
Receipts al—
1887.
1886.
1884.
1885.
1888.
1882.
Galvest’n,Ao.
New Orleans.
M obile...........
Savannah . . .
Charl’st’n, Ao
Wilm’gt’n, Ao
Norfolk.........
W. Point, Ao.
All others ...
2,077
13,507
1,014
2,262
1,467
302
1,516
1,880
10,090
4,580
16,989
1,537
6,075
5,354
871
9,527
3,349
10,813
981
12,68¿
809
2,414
830
133
3,528
537
6,137
2,389
9,842
1,181
2,251
2,912
519
2,864
2,368
12,765
11,423
25,990
1,473
7,007
4,812
1,251
9,720
2,620
14,412
4,558
8,583
1,664
5,513
2,908
708
4,890
2,58«
13,122
Tot. this w ’k.
34,115
59,095
23,i l l
37,091
78,703
44,46?
Since Sept.. 1. 5010.883 4850,597 4579,287 4619,661 5408,490 4335,107
Galveston includes Lndlanoia; Charleston includes Port R oyal, Ac.
Wilmington includes Moreh’d City,<tc.;Weat Point includes City Point, Ae,
The exports for the week ending this evening reach a total
i f 77,219 bales, of which 49,815 were to Great Britain, 5,608
to France and 21,802 to the rest of the Continent. Below are
the exports for the week and since September 1, 1886.
Exports
G alveston .......
New Orleans ..
From Sept. 1,1886, to Apr. 1 ,188f
Week Endino Apr. 1.
Exported to—
Exported to—
Great
ContiConti- Total Great
Total.
France nent. Week. Britain. |
France nent.
Brit'n.
9,192
8,536
F lo rid a ..........
Savainah........
Charleston ...
W ilm in gton ...
4,806
N o rfo lk .... ...
W est P oint,A c
22,205
Now Y ork.......
7,283
B oston............
1,2 0
B altim ore......
f*hUadelp'a,Ac 1,513
T otal............
49,813
........
376
2,190 2,190
7,754 22.272
3,536
232,180 30,853
681,095'814,581
45,442
96,059 878591
836,881 1,312,887
46,44*
1,700
3,063
1,700
3,063
........
5,826
4,806
233,159 18.618
90.433 43.986
90.823 7,960
321,430
87,622 2,150
897.299 39,300
121,858
87.675 8,725
42,308
242,411
183,771
10,857
8,900
8,406
188,258
1.348
26,173
3,074
7,093 21,574
7,28i
• ••
• # • 1.250
1,543
494,217
270,19»
100,648
825,889
99,178
m jw
129,004
122 57*
45,380
5,602 21,802 77,219 2.438,151 465.663 1,051,134 8.952.94*
T otal 1885-80 34,760 17.211 23,388 77,38.1 1,820.5 5 840,724 1,113,629 8.283.W?
THE
▲rsn. 9, 1837.)
CH RONICLE
In addition to above exports, our telegrams to-night also give
as the following amounts of cotton on shipboard, not cleared,
at the ports named. W e add similar figures for New York,
T h e S a l e s a n d P r ic e s o p F u t u r e s a r e s h o w n b y t h e
9
£S
C■
fc P
Ooatttoise.
697
None.
None.
None.
None.
None.
300
None.
980
None.
200
400
1,172
6CO
None.
None.
10,388
None.
5,500
1,000
2,768
None.
3,850
1,000
»
§ !r■ i ■A ■S §É § ma &O
ff3g|
H A
»
® J* e g ? ?
r
On Shipboard, not cleared— o r
f
Other
threat
Britain. France. Foreign
Leaving
Stock.
Total.
20,046
500
5,700 ■
1.400
6,374
4,600
8,650
9,000
Hü
Iff
<*
182,087
4.262
4,431
8,842
15,062
6,516
220,013
43,709
NswOrleans.,
Mobile . . . . . . .
Charleston...
Savannah. . . .
G a lv e sto n ....
N orfolk .........
Naw Y o r k ....
Other p o rts...
7,981
50!)
Noue.
None.
2,434
4.000
4,500
8.000
Total 1 8 8 7 ...
27,415
997
24,506
3,352
56,270
63,350
31,975
20,863
11,817
35,658
17,149
11,063
5,880
130,934
68,821
oÜ PB
pu gS.
I
S’A* O C Q < 9* mo .-g 1 % g*
B ftroi % F g ® 2
T)
Ö®
fett
* •bgi T»«S^ f
Pt
» S-T ! tf 5 «
1
» c r * Sc
—* *
o
ET®*»
es
: S.S'ö • g .3 -*
• =•»
jg.»*
M Ìa ! r
I
î
Q p
» o
h K
F
K
i
484,922
Total 1 8 8 6 ...
Total 1885 . . .
follow
in g c o m p r e h e n s iv e table
which are prepared for our special use by Messrs. Carey, Yale
& Lambert. 2 i Beaver Street.
Apr. 1, AT—
441
720,806
600 505
The speculation in cotton for future delivery at this market
has been very active, at widely fluctuating prices, closing, as
compared with last Friday at a material advance, especially
for this crop. There was a very buoyant market on Saturday,
with a further advance on Monday morning, but on Monday
afternoon there was a good deal of selling to realize profits, and
it was said that one or two leading bulls were closing their
accounts, under which the early advance was lost. On Tues
day Liverpool greatly disappointed sellers by making an ad
vance of 4-64ths@5-64ths, which caused with us another sharp
advance for this crop, and the next was somewhat dearer; but
the higher prices caused free selling and about half the morn
ing’s advance was lost. On Wednesday a firm opening was
followed by a decline which was not checked until values
were 20® 29 points below the best figures of Tuesday for this
crop; then a reaction set in, on whicb| there was a recovery
of 5 @ 8 points. Yesterday the market was active and buoyant
in the face of a decline at Liverpool, owing to active buying
by German houses. To-day, with very favorable reports from
Liverpool, this market advanced to the best prices of the
week; but most of the advance was lost in the later dealings,
the demand having fallen off. Cotton on the spot advanced
%c. on Saturday and again on Monday, with rather more
doing, but on Wednesday there was a decline of l-16c. Yester
day, however, there was a fresh advance of % c., except for
stained, which was marked up % c. To-day there was a
further advance of l-16c. Middling uplands 10%c.
The total sales for forward delivery for the weex are 1,166,500
bales. For immediate delivery the total sales foot up this week
2,737 bales, including 422 for export, 2,315 for consumption,
— for speculation and — in transit. O f the above, - — bales
were to arrive. The following are the official quotations for
each day of the past week.
UPLANDS.
NEW ORLEANS.
TEXAS.
Mrw 9 « Id
Apr. 1.
S a t. M o n T u e s S a t. M o n T u e * S a t . M o n T u e a
Ordin’y.fflb 70s
ScnotOrd.. 8*16
Good Ord.. 9
Sir. GM Ord 97ia
Low Midd’j<
, 9>
Btr.L’w Mia 103ia
M iddling... 10%
Good M id.. 10%
Str.G’dMid 10%
Mldd’g Fair 11%
Fair.......... 11%
W ed
O rd in y .g t)
Strict Ord..
Good Ord..
Str.G’dO rd
Low Mldd’x
8tr.L’w Mid
M iddling...
Good And..
Sir. G’d Mid
Mldd’g Fair
F a i r ........
713x6 715,6 715x6
8%
8%
8%
93x6 95,0 9&10
9%
9%
9%
10%8 103ie 103,0
10% 10% 10%
109x8 1011x0 1011,6
1013,e 1015,e 1016,6
11 lie 11»16 118,6
l l ’ ifl l l 9ie 119,0
121,6 123,0 123,0
F r i. W ed T h . F r i.
7%
83x6
9%
0»J8
10
l0»i6
10%
10%
11
11%
12
7%
83ie
9%
9»xe
10
105X8
10%
10%
11
11%
12
Th.
7 » w 713X6 7%
8%
8%
85ia
» l!8 98ie 9%
9%
9%
911X8
,«^ 1 6 lOlxe 10%
10% 10% 101,6
107ie IO»,« 10%
lOiij* lUl-16 10%
101516
. l ì 18 11%
l l ° i a ll% 8 11%
l l l » i * lJixe 12%
STAINED.
8
7%
85x6 87,6
9%
9%
9 u 18 913,0
10% 10%
10%6 109,0
10% 10%
10% 11
11% 11%
11% 11%
12% 12%
S a t.
Good Ordinary___
Dunot uooa Ordinary____
AiOW auaaunx........
fluacumff...
7»3i0
8%
93,0
9%
101,6
1C%
109,0
I0i$ie
U%6
117,0
121,0
W ed
8%6 778
8%
8° 10
97x0 9%
978
911,6
105,6 10%
10% 107,6
1013,0 10%
1 H 18 1078
116.0 11%
U l l i « 11%
125,8 112%
M on T uea W ed
79,8
8%
8%
8 isia 91,6
» 13ls 916x0
79,6 7%
8%
91,6
9
916,0 9%
715x6 715,6
8%
8%
96,6 95,0
9%
9%
103xa 103,0
10% 10%
lQllxe 1011,0
1015,0 1016,0
113,0
119,0 119i0
123,0 123x0
Th.
F r i.
8 ’
8%e
87,e 8%
9%
913X0 9 78
10% 105,0
109,0 10%
10% 1013,0
11
11%8
11% 11»!«
11% 111 lie
12% 126,6
Th.
7%
F r i.
711x6
8%
96,6
103x0
9%
10%
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ID)
I t:
The total sales and future deliveries each day during tinweek are indicated in the following statement, For tne con-,
▼eaienoe of the reader we also add a column which snows at a
* Includes sales in September, 1886, tor September, 4 2 ,900 ; September-Ootober, for October, 287,200.; September-Novembe , for N ovem ber,
glance how the market closed on same days.
441,700; September-December, for December, 765,100; September0.0 ®
3 s
January, for January, 1,685,900; September-Februai y, for F ebruary,
BALKS OF SPOT AND TRANSIT.
FUTURES.
SPOT MARKET
1,282,400.
I et©;
Ex- Oon- Spec- TranDelivWe have lnoluded In the ab ove table, and shall oontlnne each
CLOSED. *
MM®M
port. sump u l’t’n at. Total. Sales. cries. wee* to g ive, the average price o f futureso
© o © each day fo r each month. It
01 < o <
»111 be fou nd under each day follow in g1the1 abbreviation “ A ver,” The.
Sat. Steady at % adv..
200 314
514 152,900
average fo r each m onth fo r the w eeken©. m given at bottom o f table.
Is also
Mon Steady at %adv..
r_ Transferable Orders—Saturday, 10-iOc., Monday 10 40o.: Tuesday,
•••• 393
393 213,400
Tue» Firm ..................
. . . . 505
100 10'50c.; Wednesday, 10-40c.; Thursday, 10'50o.; Friday, 10’55o
565 195,500
TO
W
Wed Quiet at h« dec .
. . . . 388
100
388 235,000
The following exchanges have been made during the; week
Thors Quiet at rev. quo.
....
336
319
£ r i. .IQuiet at i,® adv .
222;
» o u t ......................
422 2,315!
....
....
100
—
336 163,200
541)201,500
2,7371
1
300
the
day
* 1.166,600,
J S lfJ ?* * 17..?®11™ 1® fdven above are actually delivered
8
scavioua to that ou whton they are reported.
•09 pd. to exeh. 1,000 Apr. for May.
E ven 2,100 April for May.
*42 pd. to exon. 800 Nov. for Sept.
•17 pd. to exota. 2,500 Apr. for July.
*09 pd. to exeh. 500 May for J udo.
Even 300 M ar. for A or.
*16 pd. to exeh. 100 June for Ang,
*71 pd, to exeh. 10U Ctet. for July.
10 pd. toéxch . 300 M ay för June.
06 pd. to exoh. 100 Ju ly for Aug.
•48 pd. to exeh. 500 Deo. for Sept.
*25 pd. to exeh. LOOO M ay for Aug.
01 pd. to exob. ZOO May fo t Apr;
*03 pd. to exeh. 100 June fo r Ju ly.
*09 pd. to exeh. 200 Jon e fo r July‘s
s
THE CHRONICLE.
442
XLIY,
[V ol.
T hk V isible Su p p l y of Cotton to-night, as made up by cable
And telegraph, is as follows. The Continental stocks, as well a8
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (April 1), we add the item of exports from
the United States, including in it the exports of Friday only.
The above totals show that the old interior stocks have
decreased during the week 38,843 bales and are to-night 189,831.
bales less than at the same period last year. The receipts at
the same towns have been 7,945 bales m ore than the same
week last year, and since September 1 the receipts at all the
towns are 76,096 bales more than for the same time in 1885-86.
1884.
360.000
69,000
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past wees.
Q u o t a t io n s f o b M i d d l in g c o t t o n a t O t h e b M a r k e t s .—
1887.
959,000
14,000
1885.
1886.
713,000 ]L,008,000
36,000
22,000
Total Great Britain s t o c k . . 973,000
3,200
Btook at H a m b u r g ............... .
40,000
Btook at Brem en......... .
24,000
Btook at Amsterdam . . . . . . . . . .
400
Btook at R otterda m . . . . . . . . . . .
1,400
Btook at A n t w e r p . . . . . . . . . . . . . .
Btook at H avre........................... 239,000
5,000
Btook at M arseilles.................
46,000
Btook at B a r c e lo n a ........ . . . .
6,000
Btook at Genoa..........................
11,000
Btook at Trieste.......... ..
L.044,000
735,000 J
6,000
4,100
54,000
41,200
51,000
29,000
500
500
900
1,300
180,000
164,000
5,000
7,000
83,000
84,000
7,000
14,000
4,000
5,000
3,800
69.000
53.000
Week ending
Apr. l .
1,400
214,000
5.000
60.000
10,000
5.000
391,400
422,200
G alveston. . .
New Orleans.
M obile..........
S a v a n n a h ...
Charleston. .
Wilmington..
N orfolk.........
Boston..........
B altim ore....
Philadelphia.
A u g u s ta .....
M em phis___
8t. Louis.......
C incinnati...
L ou isv ille....
Btook at L iv e r p o o l......... bales.
Btook at London........................
T otal Continental stook s.........
350,100
376,000
1,000
T otal European stooks . . . . 1,349,000 1,085,100 1,435,400 1,551,200
India cotton afloat fo r Europe.
250,000 185,000 168,000 240,000
A m er’n oott’n afloat fo r Eur’pe
420,000 292,000 212,000 296,000
Bgypt,Brazil,& o.,afltf or E ’r ’pe
51,000
10,000
12,000
41,000
B focY ln United States ports ..
541,192 851,740 667,326 689,142
Btook In U. S. Interior to w n s..
121,932 311,763 135,057 114,859
U nited States exports to -d a y ..
23,714
23,256
8,000
12,000
Total visible su pply............ 2,756,838 2,758,859 2,637,783 2,944,201
O ftb e above,the totals o f Am erican and other descriptions are as follows:
L iverpool sto ck .. . . . . . . ..b a le s
Continental s t o o k s . . . . . . . . . . . .
American afloat fo r E u r o p e ...
U nited States s t o c k . . . . . . . . . . . .
U nited States interior sto o k s..
United States ex p o rts to -d a y ..
777,000
280,000
420,000
541,192
121,932
23,714
527,000
264,000
292,000
851,740
311,763
23,256
788,000
287,000
212,000
667,326
135,057
8,000
796,000
.327,000
296,000
689,142
114,859
12,000
T otal Am erican................... 2^163^838 2,269,759 2,097,383 2,235,001
____
. _____
Matt In d ia n , B razil, He.—
Liverpool stock . . . . . . . . . . . . . . . 182,000 186,000 220,000
London stock.....................
14,000
22,000
36,000
Continental s t o o k s . . . . . . . . . . . . .
96,000
86,100
104,400
India afloat fo r E u r o p e ........ 250,000 185,000 168,000
E gypt, Brazil, A c., a f l o a t ......
51,000
10,000
12,000
T otal East In d ia, * 0 .........~ 593,000
489,100 540,400 709,200
Total A m e r lo a n ............2 ,1 6 3 ,8 3 8 2,269,759 2,097,383 2,235,001
0 LOSING QUOTATIONS FOB MIDDLING COTTON ON—
Satur.
Mon.
Tues.
Wednes.
Thurs.
Fri.
9%
9 7e
9%
9%
10
10
101*
1038
101«
IO7U
J
978
978
93i
9 7s
978
9 7e
10
9 7a
9 7s
10
10
10 J
4
lOig
10*a
10Ȋ
10
10
97
s
10
10
10
lO iie
10
9 7s
10*6
IOI4
lCSg
10Bg
lO^a
10\
10^6
10
10
10
10*4
10
10*16
10
9 7s
10*6
10*4
1036
lOOg
10 la
1031
10*6
10
10
10
10*6
10 116
1 0 il8
10
9 7s
10*6
10*4
1038
10%
10*3
10%
10*«
10
10
10
10*6
101,8 '
1 0 l18
10
10
10*6
10*4
103a
10%
10%
10%
10%
10*16
101,6
10*6
10*4
R e c e ip t s f r o m t h e P l a n t a t io n s . — 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
Bndinç —
Feb. 25........
M ar. 4 ........
•' 11........
“ 18........
“ 25___ _
A pr. 1 ......
R eceipts a t the P orte. St'k a t I n te r io r Towns\ Tiec’pts fr o m Plant nt
1885.
1886.
1887.
50,312
66,860
42,581
32,885
28,810
28,111
92,867
68,223
62,129
57,743
64,328
59,095
95,013 216,482
79,951 199,179
72,953:181,132
57,716 170,155
46,298 158,175
34,115 144,998
1883.
1886.
1887.
1885.
1886.
1887,
442,606
442,408
421,736
892,722
338,392
335.663
301,199
265,91)1
286,962
200,914
173,846
143.168
32,563
39,563
24,531
21,908
16,830
14,934
87,303
68,025
41,457
28,729
29,998
36.366
74,846
44,743
43,924
21,668
: 9,230
8,437
The above statement shows— 1. That the total receipts from
the plantations since September 1, 1886, were 5,185,991 bales;
in 1885-86 were 5,170,410 bales; in 1884-85 were 4,707,070 bales,
2. That, although the receipts at the outports the past week
were 34,115 bales, the actual movement from plantations was
y y The imports into Continental ports this week have been only 3,437 bales, the balance being taken from the stocks at
60,000 bales.
_
. . .
the interior towns. Last year the receipts from the plantations
The above figures indicate a decrease in the cotton in sight for the same week were 36,366 bales and for 1885 they were
to-night of 2,021 bales as compared with the same date of 14,934 bales.
1886, an increase of 119,055 bales as compared with the corres
A m o u n t o f C o t t o n in S i g h t A p r . 1 .— In the table below
ponding date of 1885 and a decrease of 187,863 bales as
we give the receipts from plantations in another form, and add
compared with 1884.
to them the net overland movement to Mar. 1, and also the
A t t h e I n t e b i o b T owns the movement— that is the receipts takings by Southern spinners to the same date, so as to give
io i the week and since Sept. 1, the shipments for the week, and substantially the amount of cotton now in sight.
the stocks to-night, and the same items for the corresponding
1886-87. 1885-86. 1884-85. 1883-84.
period of 1885-86—is set out in detail in the following statement.
Total visible s u p p ly ...........2/^56,838 2,758,859 2,637,783 2,944,201
F rlo e M id .U p l., L iv e r p o o l....
5i*i«d.
,5d.
,_0
P rice Mid. U p l„ New Y o r k ....
10%o.
93ie0.
l l 3iec.
l l » i 8o.
f ilili!
filit i!
il « p SS*
i
S H f“ ÿ
HH►
S P 3,^ * • Q
?
H C»to üi
*J
00rf*
H CÛ îO 'O
O O O
h No s?Q< g
"H
*
1 oS'a s
? fp •
•
Receipts at the ports to Apr. 1 . 5,040,883 4,850,597 4,579,287 4,619,661
Interior stooks on Apr. 1 In
95,108 319,813 127,783
76,238
excess o f Septem ber 1.,
'Sg g s g1 S g>>
s
Tot. receipts from planta’tns 5,135,991 5,170,410 4,707,070 4,695,899
623,233 617,134 501,782 461,070
Net overland to Mar. 1 ......... .
Southern oonsumpt’n to Mar. 1 250,000 205,000 180,000 190,000
SSPfM
S
0 0 P B r f l i b! f i
D0 g
0 0 ( 0 • P • I ÛI •
00 D
D
t54.
M
V h H to M If»
-W
Total in sight Apr. 1 .............. 6,009,224 5,992,544 5,388,852 5,346,969
Northern spinners’ takings to
1,310,186 1,422,387 1,120,763 1,239,416
Apr. 1
O
t
M M M
M
#*
It will be seen b y the above that the increase in am ount in sight
to-night, as com pared with last year, is 16,680 bales, the increase
as compared with 1884-85 is 620,372 bales and the increase over
1883-84 is 662,255 bales.
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n*cooocoooif*coao
if i^ io^ coodooi^
*
The figures for Louisville in both years are “ net.'
M
to co m < n -* o» < j e*
M MO< OH1 ^ C 0 C 1 O**^ flO
^
d| d * 0 1 * 0 O3 D C O
o o c o o ì o od oìeoo» bdM ütbdbdoobdcoco<ico
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M»
W eather R eports b y T elegraph . — The temperature has
continued rather low at the South during the week, acting as
a partial check to planting operations. The Mississippi River
is now falling rapidly.
Galveston, Texas.— W e have had rain on one day of the week,
the rainfall reaching six hundredths of an inch. Average
temperature 64, highest 79, lowest 46. During tbe month of
March the rainfall reached two inches and ninety hundredths.
P alestine, Texas.— It has rained on one day of the week, the
rainfall reaching three hundredths of an inch. Planting is
making good progress. The thermometer has averaged 58,
the Highest being 78 and the lowest 34. The rainfall during
the month of March reached one inch and one hundredth.
New Orleans, L ouisiana .— It has rained on one day of the
week, the rainfall reaching fifteen hundredths of an inch.
The thermometer has averaged 63.
Shreveport, L ouisiana .— There has been no rain all the
week. The thermometer has ranged from 35 to 80, averaging
59.
e
Columbus, M ississippi.— It has rained on one day of the
week, the rainfall reaching sixty-five hundredths of an inch,
W e have had ice on two nights.
The thermometer has aver
aged 45, the highest being 70 and the lowest 26.
Rainfall*
during the month of March two inches and ninety-four hun
dredths.
Leland, M ississippi.— Rainfall for the week thirty-twee
hundredths of an inch.
W e had heavy frost on Thursday
night.
The thermometer has averaged 53» ranging from oJ
to 76.
THE CHRONICLE.
A pril 2, 1887.]
443
G re e n v ille , Mississippi.—It has rained on two days of the
week, the rainfall reaching twenty-three hundredths of an
inch. Planting is making good progress. W e have had light
frost. The thermometer has ranged from 87 to 81.
Clarksdale, Mississippi.—The weather has been too cold,
but as the week closes there is a favorable change. Rain
has fallen on one day to the extent of thirty-three hundredths
of an inch. Buffalo gnats are damaging stock some. The
thermometer has averaged 45, ranging from 30 to 64.
Vicksburg, Mississippi.—It has been showery on two days
of the week, the rainfall reaching eighty-one hundredths of
an inch. The thermometer has ranged from 39 to 83, averag
ing 59. During the month of March the rainfall reached two
inches and eighty-eight hundredths.
Gloster, M ississippi.—The weather has been cool and dry
all the week. Average thermometer 60, highest 82, lowest 38.
Helena, Arkansas.—W e have had rain on two days, and
the remainder of the week has been pleasant but too cold.
The rainfall reached thirty-seven hundredths of an inch.
There has been light frost on three nights and ice formed
on one. Planters are giving increased land to cotton this year.
The river has fallen eight feet and is now ten feet below highwater mark. The thermometer has averaged 52, the highest
being 72 and the lowest 30. The rainfall during the month of
March reached four inches and twenty-five hundredths.
Memphis, Tennessee.— We have had rain on two days of
the week, the rainfall reaching seventy-eight hundredths of
an inch. The river is now fourteen and four-tenths feet below
high-water mark and falling rapidly. The thermometer has
ranged from 80 to 77, averaging 50.
Nashville, Tennessee.—It has rained on five days of the
week, the rainfall reaching eighty-seven hundredths of an
inch. The thermometer has averaged 46, ranging from 24
to 74.
Mobile, Alabama.—It has been showery on three days of
the week, and has rained severely on one day, the rainfall
reaching one inch and seventy-four hundredths. Planting is
making good progress in some sections. The thermometer has
ranged from 88 to 72, averaging 59. During the month of
March the rainfall reached three inches and sixty-five hun
dredths.
Montgomery, Alabama.—The days have been warm but
the nights cold, with one light rain. The rainfall reached two
hundredths of an inch. The thermometer has ranged from 32
to 76, averaging 56. During the month of March the rainfall
reached seventy-two hundredths of an inch.
Selma, Alabama.—It has rained lightly on two days of the
week, the rainfall reaching twenty hundredths of an inch.
The thermometer has averaged 55, the highest being 72 and
the lowest 31,
Auburn, Alabam a —W e have had rain on one day of the
week, but not enough to do much good. The rainfall reached
twenty hundredths of an inch.
The weather has been too
cold ; ice formed on Monday. The thermometer has ranged
from 30 to 73, averaging 54'5. It rained on eleven days in
March, and the rainfall reached two inches and twenty-seven
hundredths.
Madison, Florida.—W e have had rain on two days of the
week, the rainfall reaching one inch and forty-eight hun
dredths. There has been light frost.
Average thermometer
51, highest 77 and lowest 83.
Macon, Georgia.—The weather has been cold during the
week, with rain on one day.
Columbus, Georgia.—It has rained on one day of the week,
the rainfall reach ing fifteen hundredths of an inch.
The
lowest>2^ter haS averaged 50>the highest being 68 and the
Savannah, Georgia.—It has rained lightly on four days of
the week, the rainfall reaching twenty-five hundredths of an
inch,
ih e thermometer has averaged 56, ranging from 77 to
Augusta, Georgia.—The earlier part o f the week was clear
Mar. 3 1 ,’87. Apr. 1, '86.
New O rleans... . . . . . . A bove low-water mark.
M em phis.. . . . . . . . ....A b o v e low -w ater mark.
N ashville.. . . . . . . .....A b o v e low -w ater mark.
S h r e v e p o r t ...........A b o v e lo w -w a te r m a r k .
V iok fb u rg.. . . . . . . ....A b o v e lo w -w a te r mark.
Feet.
14
23
6
14
44
Inch.
6
6
8
7
7
' f 1' “
juvvsiflufijNT f k o m a l l roBTS.—The receipt«
and shipments of cotton at Bombay have been as follows rot
the week and year, bringing the figures down to Mar. 81.
BOMBAY RECEIPTS AND SHIPMENTS FOB FOUR TEARS.
\Shipments this week
Shipments Since Jan. 1.
rear! Great 1Oonti-1 _ . ,
Great I Oonti'Bril’n.\ nent. j Total. Britain] nent.
Total.
887(22,000
886 3,000
885 9,000
1884126,000
27.000
13.000
25.000
43.000
49.000 93,000
16.000 94,000
34.000 67,000
69, OOO! 208,000
256,OUC
243.000
182.000
238,000
Receipts.
This
Year.
Week.
349.000
337.000
249.000
446.000
74.000
52.000
40.000
73.000
614.000
571.000
375.000
628.000
lug, Dumnay appears to snow an
increase oompared with last year in the week’s receipts of
22,000 bales, and an increase in shipments of 33,000 bales, and
the shipments since Jan. 1 show an increase of 12,000 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 Oeylon,
Tuticorin, Kurrachee and Cooonada.
Shipments f o r the week.
Great
Britain.
Calcutta—
1887.........
1886.........
Madras—
1887.........
1886.........
All others—
1887.........
1886.........
Total all—
1887.......
1886.......
Conti
nent.
3.000
5.000
Shipments since January 1.
Great
Britain.
Total.
2,000
5.000
5.000
•
Continent.
30.000
25.000
Total.
44.000
17.000
74.000
42.000
2,000
2,000
1,000
2,000
2,000
1,000
4.000
5.000
10,000
12,000
24.000
32.000
6,000
5,0u0
2,000
14.000
20.000
46.000
47.000
54.000
29.000
100,000
76,000
” 7,
weea. snow mat tne movement from
the ports other than Bombay is 1,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1 , 1887, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1887.
1886.
1885.
Shipments
to all Europe
from —
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
B o m b a y ..........
All other ports.
49,000
6,000
349.000
100.000
16,000
5,000
337,000
76,000
34,000
4.500
249,000
65,000
T o ta l...........
55,00u
449,000
21,000
413, OOU 38,5uoj
314,000
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, Benaohi & OoT. of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
A lexandria, Eavpt,
Mar. 30.
Receipts (oantars*)—
This w e e k ....
Sinoe Sept. 1
1886-87.
1885-86.
1884-85.
14,000
2,835,000
This
S ince
w eek. Sept. 1.
4,000
2,807,000
This
S ince
w eek. Sept. 1.
84,000
3,304,000
This
Since
week. Sept. 1.
4.000 211,000
5.000 138,000
1,000 281,000
1,000 154,000
9,000 349,000
2,000 435,000
but durinS the latter portion there has been Exports (bales)—
t o L i v e r p o o l ...... . . . 5.000 240.000
d»y t° the e xtent of five hundredths of an inch.
To C o n tin e n t___ ____ 2.000 131.000
Thursday, damaging corn and fruit. The therTotal E u r o p e ...... 7,000 371,000
nfh Mavei al ed 45’ rangiQ from 29 to 79. During the
g
? f aïin ch MarCh the ramfal1 reached sixty-four hundredths
This statement shows that the receipts for the week ending
remainder
u&ve had rain on one day and the
r a K T * L * uhA we?hhas been pleasant but too cold. The
I 0 ,w e r e 14,000 °antars, and the shipments to all Europe
*
T hoirio r®
ached eighty-three hundredths of an inch, 7,000 bales.
cotton hm
hghJ fr08t and ice on one night. There is less
M a n c h e s t e r M a r k e t .— Our report received bv cable to-night
T hetL l“
. 8ectlon now than at the same time for year«, from Manchester states that the market continues firm for both
lowest 3 ?
tO averaged 56’ the highest being 74 and the yams and shirtings, but the advance is checking business
T
W e give the prices for to-day below, and leave those for prev
ot°th^r e nl u O t^ t G«rohna.—It has rained on three days ious weeks of this and last year for comparison:
i £
U
an
Th«h
tharmfa11 F hlng ninety-seven hundredths of
ea°
an mch. The thermometer has averaged 55, ranging from 35
1887.
1886.
Oott’n
OoWn
32« Cop.
8*4 lbs.
d a t f o f t h o ^ S * 1 . CarPli n a .- I t has rained lightly on three
t{t
8^4 U
>8.
Mid. 32s Oop.
M U.
Twist.
Shirtings.
Twist.
Shirtings.
UpUs
S n c Î hÜ
6
FainfaJ l a c i n g e a m s Hundredths of
. ------ uLvoau. hn u u u rfifteen OI
TJplds
andmnni, H
kdling
ic
and much rhere have been killing frost and ice on two nights
o
d.
d. s. d. s. d.
d.
d.
d.
s. d
d.
52
u
thermomet
K Î ? r h-damage 18 feared- , The thermometer has averaged Feb 25 7*8 ®73t 5 913 4 610 13 53ie 6 lljg ®7 *1
® 7 01« 4%
Mar 4 7*8 ® 7% 5 9 13 4 6 10 1 * 514 6% ®73B
o'u,
^ n g 74 a»d the lowest 29-5.
s
bein«
and
29 5.
® 7 0*a 4i5ia
“ 1 1 73lh- 7 i 3 18 5 9 ® 6 1013 5®16 6Jlle®7516
Columbia South Carolina.—Telegram not received.
Carolina.—Telegram
received
® 7 01« 413la
“ 18 7816-.7 l8 le 5 9 ® 6 IOI3 538 613X8®77 j6
® 7 Oia
« 25 73^r ®13ig 5 9 ® 6 1 0 ‘s » 7I6 6% ®771b
o f E w ^ e k * i h e r a S i f a,“ ^ e hav e h ad rain on two days
da7S
® 7 Oia 416W
Apr. 1 76i 6-7 1 5 1h 5 9 ® 6 lOifl 5 i i ,fl 6 ^ iö® 7 hi
hundredths T h I ^ f U reachln« one inch and thirty-eight
® 7 Oia 5
a ^ S g SO
.
6 th6rmometer has ranged from 26 to 78,
E a s t I n d i a C r o p .—From the Bombay Company’s (limited)
8tatement we have also received by telearinh Cotton Report dated Feb. 25, we have the folio wing:
- S
Mar, 31? 1887?e d A p ? l ,r i m * **“ P° lntB
S
t
3
® uz®rat has improved somewhat, and is now warmer,
but there Is lir,tie do jug that tue B ’otoh oro » will os sh >‘t aad late’
though the quality is expected to be up to the mark. Arrivals o f thi
THE ¡CHRONICLE
444:
« r o w t h are not expected in any quantity until the latter end of M arch.
T h e weather in the Dhollerah districts has also been warmer, but this
<orop is not expected to turn out larger than, If as large as, last year’ s.
In ootlSequehce o f this probable short outturn o f the Dhollerah and
Bro&oh crops, the estimates until reoently generally entertained here
*>T the export* to Europe fo r the six months ending June 30 of a m il
lion bales are now reduosd to 900,000 bales or thereabouts, som e even
in clin in g to the opinion that this figure will not be reached.
[▼OL. XL1V,
— 1
1
: ■
...
— CFCharleston—F or R eval—Mar. 29—Bark Nikola, 1,465.
For Elsinore or Christiansaud—Mar. 25—Bark Manheim. 1,600.
N o r f o l k —For L iverpool—Mar. 26—Steamer Kingdom , 4,806.
B oston—For L iverpool—Mar. 23—Steamer Cephalonla, 1,241___Mat.
2 5 -S tea m er Bavarian, 2,455.
B a l t im o r e —For L iverpool—Mar. 28—Steamer Katie, 1,250.
F or Bremen^-Mar. 28—Steamer Hermann, -------.
P h il a d e l p h ia —F or Liverpool—Mar. 2 9 -S team er British Princess,
Below we give all news received to date of disasters to ves
J uie B utts, B agging , &o — 'There is nothing new to report
in the market for bagging. Only a moderate trade is being sels carrying cotton from United States ports, See.:
done, very little call being noted for large parcels. Prices C a ir o , steamer (Br.). at Liverpool from New Orleans. On the hatches
b e in g rem oved Mar. 7 from No. 3 hold o f steamer Cairo, it was
are steady, and sellers are quoting 6j^c, for l^lb.,6J£@6%c.
found that seven bales o f cotton had been dam aged by fire, and
f o
r 7(373^ 0. for 2lb., and 7 ^ c. for standard grades.
other bales and grain dam aged bv water.
Butts are in fair request, and sales 61 3,000 bales are reported H a r t v il l e , steamer (Br.), from Norfolk for Liverpool. A quantity of
cotton, &c., was thrown overboard from steam er H artville at
at' l'*70@ l%£c. for paper grades, and 2@2}£c. for bagging
H alifax in distress. The steamer underwent tem porary repairs,
qualities, these figures being quoted at the close.
and sailed for destination March 28.
' T he Following are the G ross R eceipts op Cotton at W a e sl a n d , steamer (Belg.)—The follow ing oargo, which was jettisoned
from steamer Waesland while ashore bn Goodwin Sands, was picked
New York, Boston, Philadelphia and Baltimore for the past
up at sea and landed at Dover Mar. 5 : 52 bales cotton, 1,291
week, and since September 1, 1886.
pieces and 2 cases pork, 126 small hams, 112 tubs lard, 12 tins
R eceip ts
This ! Since
w eek. 1 S ep t. 1.
New O rleans. 10.825) 259,728
4,8861 808.277
T e x e s ............
J.267) 171.904
S avan n ah . ..
.......J
1,859
M ob ile...........
........1
7.683
46Ò] 103,289
S o. C arolin a..
4?8j 18.941
N o. C arolina..
680] 123,199
V irg in ia ........
851
eoe
N orth’ n ports
T&Vinessee.AT! 4.780) 87.991
7öj
2,049
F oreign ..........
B o st o n .
This
w eek.
Since
S ept. 1.
P h il a d k l p h ’ a
T his
w e ek .
S in c e
S ep t. 1.
Ba l t im o r e .
This
w eek.
49,497
41,817
10,361
38
16,601
80,019
25
6,227
1,000
4,184
3,892
40,500
180,848
92,128
26
82,658
86
1,275
0,718
87,077
2,284
88,012
2,121
63,615
T his y e a r... S2,37Sj 1,085,512 8,046
Last y e a r .... 23,15811,063,905 11,895
397,669
2,322
08,498
8,969
207,107
830,146
456
104,583
4,218
174.470
90
6,507
S ince
Sept. 1.
pineapple, &c.
__
,
Slobo Dna , ship (Aust.), from New Orleans fo r Reval, went ashore on
Molasses Reef, Fla., Mar. 17, and will be a total loss. Up to March
25 about 2,000 bales of cotton had been landed at K ey West. All
that would be unloaded thereafter w ould be wet.
D rdmadoon, Dark (Br.)—Lighter Bessie arrived at Galveston, March
19, with 25 more bales cotton from hark D m m adoon, and had
finished the work. Since the bark was burned last fall, 1,447
bales have been saved out of a oargo of 1,747 bales; 300 bales wers
burned with the bark.
Cotton freights the past week have been as follow s:
S h i p p i n g N e w s .— T h e e x p o r t s o f c o t t o n f r o m t h e U n ite d
S ta te s th e p a st w e e k , as p e r la t e s t m a i l r e tu rn s , h a v e r e a c h e d
122,275 bales. S o fa r as t h e S o u t h e r n p o r t s a r e c o h c e m e d , th e se
are* t h e sa m e e x p o r t s r e p o r t e d b y te le g r a p h , a n d p u b lis h e d in
t h e C h r o n i c l e la st F r id a y ,
w it h regard to N ew Y o r k w e
in c lu d e t h e m a n ife s ts o f a ll v e sse ls c le a r e d u p t o T h u r s d a y ,
Total tales.
N ew Y o rk —T o Liverpool, per steamers Architect, 1 ,6 1 9 ....
Biela., 3,107___ City o f Berlin, 2,5 26___ Euskaro, 1 ,4 2 8 ....
Nevada, 1.583___Republic, 1,676___ Servia, 2,311----- The
Queen, 2,967....... ................................ ..................
17,217
To Hull, per steamers Marengo, l,7 9 1 ....M a r te llo , 3 ,1 9 7 .... 4,988
To Havre, per steamer La Bourgogne, 27 6................................
276
To Bremen, per steamers Fulda. 1,200— Saale, 5 1 5 ............
1,715
T o Hamburg, per steamers California, 150— Lessing, 462
....R u g la , 1,490............................
2,102
T o Amsterdam, per steamer Corona, 9 4 ........................... . . . . . .
94
T o Antwerp, per steamers lie Ruyter, 1 ,0 3 9 ... .Pennland,
6 H ___Zeeland,128.......................................................................
1,718
1,464
T o Stettin, per steamer Slavonia, 1,464................................
N e w Orleans —T o Liverpool, per steamers Andean, 3 ,8 8 0 ....
Cadiz, 6 ,0 0 0 ....Caribbean, 2 ,6 2 5 ....Editor, 2 ,6 9 3 ....E x
plorer, 8,340___Leonora, 6,500___ Puertoriqueno, 3,621
...R y d a l Water, 2 ,6 5 0 ....p e r ship Mohur, 4,383................ 35,692
To Falmouth, per ship Charlie Baker, 3,601............................ 3,601
T o Havre, pet steamer Marseille, 3,244— ............................. 3,244
T o Bremen, per steamer Washington City, 6,0 59..................... 6,059
To Hamburg, per steamer West Cumberland, 78 3...................
783
T o Antwerp, per steamer Marseille, 100..................................
100
T o Reval, per bark Boritelj, 2,552 .............................................. 2,552
To Genoa, per bark Unlone, 1,482 .............................................. 1,482
Bavannah —T o Liverpool, per bark Memlo, 2,805 .......................... 2,805
To Reval, per steamer Eglantine, 3,950.....................................
3,950
T o Cronstadt, per bark Gehon, 3,300..........................................
8,300
To Barcelona, her steamer Embleton, 4,6 50............................. 4,650
Charleston —To Havre, per bark General Bertbaut, 1,822 .......
1,822
G alveston —To Liverpool, per ship Julius, 3,747...........................
3,747
B altim ore —To Liverpool, per steamers Baltimore, 1 ,7 3 4 ....
Nessmore, 2,073......................................................................
3,807
T o Havre, per steamer Ariel, 940 ................................................
940
T o Bremen, per steamer Donau, 568...........................................
568
T o Rotterdam, per steamer Albano, 1 0 7 ....................................
107
To Antwerp, per steamer Baumwall. 70 0..................................
700
¡Boston —T o Liverpool, per steamers Norseman, 3,566— Pavonia, 1,175
Roman, 3 ,7 3 2 ....Virginian, 2 ,5 6 9 .............. 11,042
To Pubnico, N 8., per schooner Uncle 8am, 1 ..........................
1
■Ph ilad elph ia —To Liverpool, per steamer British Prince, 1,399 1,399
T o Antwerp, per steamer Switzerland, 3 5 0 ...............................
350
T o t a l......... - .............
122,275
The particulars of these shipments, arranged in Our usual
form, are as follow s:
H ull
Amsterd., Bev’l, Barceand
Brem.
and Oronst. Iona
Liver- Faland
Ant- and
and
nool. mouth. Havre. Hamb. werp. Stettin. Genoa.
New Y ork. 17,217 4,988
276 3,817 1,812 1,464 ...........
K, Orleans. 35,692 3,601
8,244 6,842
100 2,552 1,482
Savannah.. 2,805 ......... .................................... 7,250 4 ,6 5 0
1,822 ....................................
Charleston.
G alveston . 3,747
940
568
807
B altim ore. 8,807
B oston . . . . 11,042 ............................................
PhfladeTia. 1,399 ..................................
3oO
Total.
29,574
53,513
14,705
1,822
3,747
6,122
11,043
1,749
T o ta l... 75,709 8,589 6,282 li;2 2 7 3,069 11,266 6,132 122,275
Included in the above total from Boston is 1 bale to Pubnico, Nova
Scotia.
Liverpool,steamd.
Do
sail.-.d.
H
avre, steam... c.
Do sail......e.
B en, steam..c.
rem
Do sail ....c.
H burg, steam
am
.c.
Do sail....e.
A st’d’m steame.
m
,
Do via Leith.d.
Beval, steam d.
—
Do sail...... d
Barcelona,steam
d.
G
enoa,steam....d.
Trieste, steam.. .d.
Antwerp, steamd.
,
Tues.
F ri.
Wednes. Thürs.
B
«4
B 8 2 B 83 B S b 82 B4
04® 3 04® 3 t4®8 2 04® 3 S
....
....
—
—
....
....
....
B
lt
B0
1
B
l0
B0
1
»1
0
B0
1
....
....
••
•
—....
8
8
b
3 32 »8®«88 * 0«38 8 ®«32 ^ ®«82 8sal*K
8®13
....
....
....
“3
2
....
40*
U2
S
•••a
40*
u8
2
....
40*
“8
2
....
40*
“3
8
—
—
40*
“8
2
—
—
40*
....
....
....
....
....
....
816® 732
810
*16
*10
>4
H
*
4
*9
*3
*6
....
....
73 16®3 1 ® 8
72
S 3 *16® 3 *10® 8 S J2 b 0 7 2*1«®««4
l«®7 2
....
....
....
....
....
....
«04
«Î4
«04
«64
«04
«t4
«6 4
*8
7St
t 32
H
>4
7«4® *•
* Per 100 lbs.
Liverpool.—By cable from Liverpool we have the following
statement of the week’s sales, stocks, &c., at that port. "We
add previous weeks for comparison.
Mar. 11. Mar. 18.
Sales o f the w eek............ hales.
O f w hich exporters t o o k . . . .
O f whioh speculators took ..
O f which American—Estim’d
Total im port o f the w e e k ......
Of whioh A m erica n . . . . . . . . .
66,000
4.000
5.000
43,000
4,000
20,000
947.000
745.000
98.000
64.000
268.000
213,000
65.000
3.000
7.000
45.000
6.000
19,000
933,000
740,000
66,000
51,000
286,000
238,000
A pr. 1.
Mar. 25.
88,000
15.000
12.000
58,000
8,000
28,000
959,000
777.000
119.000
90,000
260,000
171,000
81,000
11.000
9,000
50,000
6,000
18,000
949,000
756.000
101.000
76,000
270,000
203,000
The tone of the Liverpool market for spots and futures each
day of the week ending Apr. 1, and the daily dosing prices
_______ __________
Of spot cotton, have been as follows:
Spot.
Saturday Monday. Tuesday.
M ore
Market, ( H arden’«
12:30 P.M.J tendency. dem and.
Upl’d s----57,g
5>9
KUd.Orl’118.
59,0
51
«
Mid. Bales .
14,000
8,000
Spec. A exp.
3,000
1,000
Market, Ì
4 P. M. (
Firm .
Firm.
"Wednes, Thursd’y. Friday.
A ctiv e.
A ctiv e.
5»t0
588
14,000
3,000
58s
5 “ ie
15,000
4,000
Large
business
doing.
Quiet.
58a
5 “ ie
12,000
3,000
Futures.
Market, { Steady at Firm at Steady at
1-64 de
3-64 ad
12:30 P.M. $ 1-64 ad
clin e.
vance.
vance.
5“ w
14,000
3,000
Steady at Strong at
1-64 de 2 64 *3 -6 4
advance.
clin e.
Quiet and
Firm.
U nsettled U nsettled
steady.
Steady.
The opening, highest, lowest and closing prices of futures for
Liverpool for each day of the week are given below, Thes®
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
I3F* The prices are given in pence and 64the, th u s: 4 63 means
4 o3-64«i.. and 5 01 means 5 l-6 4 d .___________________ _____________ _
S a t ,, M a r . 2 6 .
M o n ., M a r . 2 8 .
T o e s ., M a r . 2 9 .
Open High Low . Clos. Open High L ow . Clos. Open
'
U
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing data down to the
latest dates:
Mar.-A p ril..
A pril-M ay..
M ay-June .
G alveston—For Bremen—Mar. 30—Bark Queens Cliff. 2,190,
N e w O rle ans —For Liverpool—Mar. 30—Steamer Cuban, 2,368.
F or Havre—March 26-—
Ship William Tapsoott, 5,326.
F or Antwerp—Mar. 26—Steamer Legislator, 3,033.
For Ohrlstiansand—Mar. 28—Bark Johan Irgens, 2,421.
S avannah—For Nordkoplng—Mar. 22—Bark FridUef, 1,700,
J u ly -A u g ...
A u g.-S ep t..
S eptem ber.
S ept.-O ct...
Mon.
Satur.
d.
5 29
5 29
5 29
5 31
5 32
5 31
5 S3
5 87
529
d.
5 29
529
529
5 31
5 32
534
5 35
5 37
529
d.
5 29
529
5 29
5 31
533
5 34
5 35
5 37
5 29
d.
5 29
5 29
529
5 31
5 32
534
535
537
5 29
d.
5 34
531
5 34
536
5 87
539
5 41
5 42
5 34
d.
535
535
5 35
5 36
538
5 40
5 41
542
534
d.
5 34
534
5 34
536
5 37
5 39
5 41
5 42
5 34
d.
5 35
5 35
5 35j
5 36
533
5 40
5 41
5 42
5 34
d.
5 S3
5 38
5 38
5 40
5 41
5 43
5 44
545
&3?
Low. CM.
if
New Yo r k .
d.
5 39
539
5 39
5 40
5 41
5 43
5 45
5 46
Ö38
a.
538
0 3d
Ö 88
540
5 41
5 43
5 44
A
639
538
THE CHRONICLE.
0, 1887. |
jp*n High Low. dot. Upan High Lo*. Clot
*.
Mandi....... S8S
5 88
Mar.-Apr
Apr .-M ay.. B34
68»
Mays)u n e..
Jmne-July • 6 41
6 43
July-Au*
Aug.-Sept.. 644
8 44
September.
Sept.-Oct... 688
: A.
6 88
639
6 S3
689
641
5 48
544
6 40
538
. d.
5Î8
5 83
6 88
6 39
641
5 43
5 44
5 44
687
tive movement for the week ending March 26, 1887, and since
July 81, for each of the last three years:
F r i., A p r. 1
(V m Id n .. M a r .3 0 .
Open Bigi» Low. dot
d.
■s
5 33
5S8
538
589
6 41
5 49'
544
6 45
6 87
5 43
543
544
640
5 48
549
5 61
6 42
<. j ■a.
*
543
5 43
5 45
546
5 43
5 60
5 61
5 42
543
5 43
544
5 40
5 49
549
5 61
5 42
i
543
5 43
545
5 40
5 48
5 00
5 61
642
BREADSTUFFS.
F r i d a y , P . M., A p ril 1 ,1 8 8 7 .
The flour market has ruled steadier, with some improve
ment in the demand, but buyers have been readily met at old
figures.
The wheat market has gained strength from adverse reports
regarding the prospects in California, as well as in many of
the Western States. These, together with the free outward
movement which has recently been in progress, gave a firmer
tone to the views of holders; but the advance in prices is not
important, as it was found that higher figures materially cur
tailed purchases for export, especially to Great Britain, not
withstanding rates of freight are extremely low. City millers
have paid very full prices for choice samples; but with very
free receipts at Minneapolis the visible supply has been main
tained at pretty full figures. To-day there was a buoyant
opening on the indications of an intention to
corner ” May
options at Cl icago; but regular trade was dull and the market
dosed unsettled.
DAILY CLOSING PRICKS OP NO. 2 RED WINTER WHEAT.
.Pat.
9 : «8
»1*4
9u%
90*4
93%
January d< livery . . . .
May, *88, delivery.......
..
Mon.
92*s
92
918a
91*4
91%
95%
99%
Tuts.
91%
91%
90%
90%
94
95
»8 %
Wed.
92
91%
91
90%
94%
....
99
Thurs.
92%
92%
91%
91
94%
99%
F*t.
92%
91 %
91%
90%
94%
95%
99
Indian corn has recovered somewhat in sympathy with
wheat, but it required only a slight advance in prices to put an
effectual check upon business for export, while the home
trade continued very slow. To-day there was some improve
ment, with steamer mixed 48%@48%c. in elevator, but businees was very quiet.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Sat.
Mon.
Wed. Thurs.
Vues.
48%
4«%
48%
48%
48%
48%
48%
48%
48%
49%
48%
49%
48%
48%
48%
49%
49%
49%
49%
50
August delivery.........
....
50%
....
50%
Fri.
49
49%
49
49%
Oats have been unusually dull. There has been some effort
on {he part of holders to get better prices, but it had little
success, because buyers withdrew. To-day the market was
firm but dull.
DAILY CLOSING PRICES OP NO. 2 OATS.
Sat.
Mon„ Tues.
Wed.
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
Thurs.
34%
34%
34%
F ti
34%
34%
34%
StttiyU at—
Chicago........
Milwaukee...
Toledo.'.......
Cleveland...
3(L Louie. ...
Peoria.........
Duluth.........
Tot. wk. >87.
Same wk.’8(1.
Same wk.*S5.
Mnce. July 24
1880-7..
1805-0........
1884-3.. ...
Wheat.
Parity.
Oom.
Flour.
Oat*.
Rye.
BbUtMlb* Su.ih.0OIbr Bneh.W if» Bush.3216* Buth.iStbe MueA.6616«
142,594
200,108. 1,449,033
992.200
205,005
ìàjsèr
134,000
47,520
68,029
71.000
28,17*
5:883
62,608
180,331
4,981
5,000
78.084
180.785
8,969
24,222
50.138
6,243
75,120;
76Ì500
41,000
9,700
1,12»
27,033
85,025
494.085
107,925
84.9(H)
153,100
1.315
19,600
293.875
87,000
7,09«
27,544
244.710 ' 748.579
176.278
590,454
153,832
803,588
PLOOH.
Pine...................y d m . $2 25® $3 00 Southern bakers’ and
oaptnfüne__ ___
2 6 5 9 3 23
fam ily br d s .-’p bbl $4 0 0 9 8 4 40
Boring wheat extras. 3 20-9 3 40 Bye door, superfine.. 2 6 0 9 2 90
Mum. olear and etra’t. 3 6 0 » 4 60
F i n e . . . . . . . . . . . . ___ 2 1 0 9 2 25
Winter shipp’g extras, 3 2 5 » 3 60 Corn meal—
winter x x & x x x . . 3 8 0 9 4 65
Western, & o___ . . . . 2 4 0 9 2 70
Patents..........
4 1 5 » 4 8s
Brandywine....... .
2 7 0 9 2 75
Southern a n n e ra ...... 3 2 0 9 3 40 B’kwh’ th on r,^ 100 lbs 1 3 0 9 1 60
South’n coin, extras.. 8 3 0 9 3 00 j
Spring,per bu sh .
Spring No. 2. new
Bed winter, No. 2
Sed winter . . . . .
White...............
Com—West, m ixed
Wèst. m ix. No; 2 .
West, w h it e ......
West, y ellow .......
W hiteoouthern..
Yellow Southern.
94 9
91% a
9 1% »
85 9
80
9
47
49
47
47
52
48
@
9
9
9
9
9
GRAIN.
R yeState & Pa., $ bush. 57 9
Oats—M ix e d . . . . . . . . . . 33V ®
W h i t e .................. 36 9
No. 2 m i x e d . . . . . . . . . 34% ®
No. 2 w h ite .............. 37089
B arley—C an ada. . . . . . 67 9
Two-rowed S ta te .... 56 9
Six-rowed State....... 60 »
Malt—State, 6-ro v ed . 71 9
State, 2-rowed......... 67 9
C a n a d a .................... 80 -»
|Peas—C a n a d a ............64
2.581,210
1,371,924
3,114,804
334,402
389.352
835,391
39.Ò7S25,043
64,299
7.248,790 07,972,635 09,043,500 40,800,003 19,154.898
6,058.112 47,000,975 67,939,499 41.435.077 18.137,351
0^884,298 66,819,900 68,900,471 41,540,417 14,810.871
1,024,015
2,454,405
4,(25,465
1,021,719
685,000
892,484
The comparative shipments of flour and grain from the sam e
portò from Jan. Ì to March 26, 1887, inclusive, for four years
show as follows:
1887.
3,060,069
*1886.
2,304.86jL
*1885
3,097,253
*1884.
2,286,180
W h e a t.... .bu sh .
6,806,500
C o r n .......... .
10,773,679
O ats......................
9,659,062
B a r le y .................
2,394,971
R y e ......................
179,422
3,26 s ¿641
16,998,395
9,760,679
3,311.625
404,872
5.037.852
25,789 337
10,321,710
1,959,289
516,131
20,842,017
9,155,580
1 ,7 77,0 9»
826,719*
Floor... ....b b l s .
Total g r a in . . . .
29,813,634
33,759,212
,43,621,319
4 ,9 5 3 ,9 1 »
37,537.325.
* Include one week extra.
p o r ts f o r f o u r y e a r s :
1887.
Week
Mar. 26.
18 86.
Week
Mar. 27.
169,312
Flour ....................
W h e a t..................
p o r n ,...
....
Oats.......... ............
B arléy.. . . . . . . . . . .
R y e ......................
..b u s h . 648,516
............ 1,363,574
............ 1,186.038
............
182,014
.............
21,190
1885.
Week
Mar. 28.
245,154
1884.
Week
Mar. 29.
225,908
420,715
215,026
846,210
499 547 1,806,526 1,663.233
604,164
869.139 1,183,388
268,595
168,025
116,787
32,8 ¿9
36,869
157,583
T o t a l . . . . . . . . .............. 8,401,332
1,618,166
3,301,274
3,972,211
The rail and lake shipments from same ports for last fou r
weeks were:
Week
ending—
M «r.26.'87
Mar.19,’ 87
Ma •,12,’ 87
Mar. 5,’ 87
C orn ,
Oats,
F lour,
Wheat,
bbls.
bush.
bush.'
bush.
281.877
648,516 1.535,266 1,198,873
280,269 1,130,062 1,466,65*6 917,526
221,587 1,218,213 1,444,516 1,001,136
223,482 1,087,016 1,164,673 790,471
Tot., 4 w .l,013,215 4,093,807 5,511,1513,911,006
4w’ Ks’86. 760,564
922,778 5,756,5612,933,812
B a rley ,
bush.
182,014
196,110
184,435
210,430
B ye
bush.
21,190
27,182
12.982
12,795
772,989
872,877
7 4 ,1 4 »
1 3 1 i8 »5
The receipts o f flour and grain at the seaboard ports for the
week ended March 2Q, 1387, follow:
A t—
New York . . . .
B ò s to n .. . . . . . .
Montreal . . . .
Philadelphia..
B a ltim ore.....
R ich m on d :....
New Orleans..
Flour,
bbls.
79,769
79,629
3,201
15,724
65,285
2,736
18,291
Wheat,
bush.
727,650
21,Ool
48,726
368,345
163,896
25,323
110,284
Corn,
bush.
497,980
211,238
290,090
439,036
18.178
406,783
Total w e e k .. 264.635 1,474,225 1,853,370
Oor. week ’ 86. 269,461 293,4871,878.036
Oats, B a rley,
Bye*
bush.
bush. bushi
35-»,100 135,800 13,750
153, >35 2,650
.........
16,650
2,050
6QO
86,723
73,000 3,650
46 925
.........................
3,319
.........................
26,130
...... ......
691,337 218,550
826,825 147,370
18,000
7,024
The total receipts at the same ports for the period from Jan.
1 to March 2Q, 1887, compare as follows for four years:
Bye has ruled firm but quiet. Barley has continued very
duff, with values more or less unsettled- Barley malt is in F lo o r ...., ..b b ls .
W h e a t .....b u s h .
fai? request, at full prices.
C o r n ..... . . . . . . . .
The following are the closing quotations :
O a t s ... .. . . . . . . ( .
Wheat-
445
m
Ap r il
B a r l e y . .
R y e . . . . ............ »
T otal g r a in . . . .
1887.
3,399,350
*1886.
2,765,020
2,601,553
11,007,875
14, (.76.221 31.524 400
7,026,305
8,121.601
2,034,874
1,651,586
108.571
174,327
34,539,264
44,393,999
•1883.
3,584,412
•1884;
3,092,34®
8.087,715
30,156 922
8,448.218
1,776,112
292,810'
4,900,762
13 ,8 0 1 :1 9 »
4,946,404
1,932,343
6792205
49,032,107
26,259,912
* Include one week extra.
The exports from the several seaboard ports for the week
ending March 26, 1887, are shown in the annexed statement:
Exports
from —
Oats.
Bye.
Peas.
Bush.
1,057
Bush.
10,399
Bush.
6,086
38;298‘>
234,312
1,057
10,399
45,384
80,431
22,859
. . . ...
Wheat.
Corn.
Bush.
867,194
123,704
Bush.
351,528
53,467
Bbls.
88,379
53,40o
76.500
304,65H
242.983
90,516
9,100
421,758
614,241
5,714
84,240
219
2,325
Tot. st’ í 1,705,550 1,456,092
8’ ine time
652,636 2,039,484
1886.
New York
B oston ...
Portland.
N. News.
Philadel.
Salti in’r<
V. Orl’ns.
Riçhm’nd
Flour.
22,936
The movement of breadstuff» to market is indicated in the
hel°™’ Prepared by us from the figures of the New
1
Produce Exchange. W e first give the receipts at Western
The destination of the exports is as below. W e add the
e and river ports, arranged so as to present the compara corresponding period of last year for comparison.
s
446
THE CHKUNIULK.
F lour.
Exports
fo r week
to—
1887.
Week,
Mar. 26.
Wheat.
1886.
Week.
Mar. 27.
■1887.
Wick,
Mar. 26.
C om .
1886.
1887.
1896
Week.
Week,
Week,
Mar. 27. Mar. 2 6 . Mar. 27.
Un. King.
Oontin’nt
8. & 0 . Am
W. Indies
Brit, c o l’s
Oth.o’n’ts
Bbls.
189,021
7,828
18,194
14,303
4.355
606
Bbls.
Bush.
44.261 1,079,598
6,357 625,952
11,481
13,856
4,526
Bush.
Bush.
Bush
386,386 1,129.386 1,285,433
266,250 294,984 740,088
28,898
5.160
2.600
2,359
6,444
224
T o ta l...
234,312
80,481 1,705,550
652,636 1.456.092 2,039,484
B y adding this week’s movement to our previous totals w e
have the following statement of exports this season and last
season:
Wheat.
Sept. 1,’S6, Sept. 1, ’85, Sept. 1, ’86, Sept. 1, ’85, Sept. 1, ’86. Sept. 1, ’85,
Emporte to - to March to March io March
to March to March to March
26,1867.
27,1886. 26, 1887. 27, 1866. 26, 1887. 27, 1886
Bbls.
Bbls.
Bush,
Bush.
Bush.
Bush.
Un. Kingdom 8,981,591 2,887,883 24.832.270 7,251,631 16.078,914 24,034,140
810,186
70,904 15,059,601 4,293,352 6,845.962 10,061,595
Continent...
666,651
8. AO. A m ...
487,970
81,874
2,956
484.804
785,208
463,088
West Indies.
548,729
8,071
4,111
195,071
808.329
801,469
Brit. Col’nles
828,717
18
18.578
64,888
94,420
Oth. eountr’s
15,759
100,096
16,820
45,170
82,583
5,744,140 8,882,912 40,926,912 11,568,383 28,781,767 86,072,985
Total......«
The visible supply of grain, comprising the stocxs m granary
a t t h e principal points of accumulation at lake and seaboard
ports, and in transit by water, March 26, 1887 :
In store at—
H ew Y o r k . . . . . . . .
D o afloat.........
A lb a n y --.-.,------Buffalo.... ............
Chicago...............
D o a flo a t ......
M ilw au kee.... . . .
D o a f lo a t ......
Duluth.......... .
Do afloat.........
T o led o ...................
D o afloat.........
Detroit..................
O swego.................
Bt. Louis...............
C incinnati. . . . ...
B o s to n .................
T oronto...............
M on trea l.............
Philadelphia . . . . .
P eoria....................
In d ian ap olis___ _
Kansas C ity.........
Baltimore . . . . . . . .
Do a flo a t ......
M inneapolis. . . . . .
Bt. Paul*.......... .
On MlsBls&ippi...
On. lakes...............
On canal & river.
T o t Mar.
Tot. Mar.
Tot. Mar.
T o t Mar.
T o t. Mar.
Wheat,
Corn,
Oats,
bush.
bush.
bush.
4,963,549 1,750.398 740.442
36,000
3.1,900
3.000
10,072
25,500
88,800
1,957.814
19O.300 127.187
12,490,669 7,290,519 1,080,497
222,120 2,177,039
3,803,583
100
2,683
10,306,840
'1 4 L 0 0 0
3,056.254
138,150
22,500
1,944,294
105.965
100,000
65.000
2,333,467 2,987,010
57,000
30,000
218,775
219,456
171,766
367,772
56.383
856,350
782,306
7,332
27*,395
51,300
51.180
186,932
199,185
499,223
814,042
13,182
B ye,
bush.
22,377
12,000
28,500
24,026
158,419
B arley,
bush.
158,421
o.ooo
77,750
216,084
150,157
8,607
241,831
17,796
49,058
429.344
53.000
374.869
18.868
119.951
113,187
709.138
45,530
5.504
16,800
32,602
16,000
1,061
4,249
22,282
15,901
228
1,777
15,544
216,433
24,920
16.000
31,689
195,921
51,161
5,305
7,598,683
860,000
94,200
54,200
26, '87. 52,411,694
19 '87. 53,173,425
k7, '86. 49,774,800
28, ’85* 46,660,972
29, ’84* 28,580,898
171,690
17.368,518
16,363,<>62
16.797.073
9,558,283
17,773,877
1,431,216
1,583,760
1.039.704
l,2 o l,8 2 4
1,517,340
• Minneapolis and 8t. Paul not included.
>
THE DRY GOODS TRADE.
N b w Y o r k , Friday, P. M., A pril 1 ,1 8 8 7 .
The situation in the dry goods trade has not materially
changed the past week, and few new or interesting features
were developed in the market. There was a continuation of
the moderate activity in staple and patterned cotton goods
reported of late, and large shipments in this connection were
made by Pacific Coast and Western jobbers in anticipation of
advanced freights. Men’s-wear woolens mled quiet in first
hands, and the demand for imported goods was comparatively
light, stormy weather in some sections of the country having
tended to check the demand for consumption. Business in
jobbing circles waB fairly active, a large distribution of Btaple
and department goods having been made by most of the lead"
ing jobbers. The tone of the general market continues firm’
and the recent sharp advance in raw cotton has compelled
manufacturers to make higher quotations for print cloths,
cotton flannels, Southern sheetings, &o. About 3,000 cases
white goods and printed organdies will be prt sented at auction
the coming week, and the results of the sale (which will be
the most important of its class ever held in this country) are
awaited with interest.
D omestic Cotton Goods.— The exports of cotton goods
from this port for the week ending March 29 were 5,138
packages, including 8,468 to China, 802 to British W est In
dies, 247 to Hayti, 210 to Central America, 166 to Venezuela
120 to British East Indies, 119 to Santo Domingo, etc. Brown)
bleached and colored cottons were distiibuted m liberal
quantities by the commission houses, and prices ruled firm
all along the line. Cotton flannels were in noticeably good
demand and some makes have been advanced by agents, as
were prominent brands of Southern sheetings and drills.
Print cloths were in fair demand and dearer, in sympathy
with raw cotton, extra 64x64s having closed at 3% c. plus %
per cent and 56x60s at 3c. Stocks last Saturday and for the
three previous years were as follows:
March 26, March 27, March 28, March. 29-,
Stock o f P rint Cloths—
1887. 1886.
1885..
1884,
Held by Providence m anuf’rs.
44,000 113,000
495,000 182,000
Fall R iver m anufacturers...
47,000 70,000
440,0u0 200,000
Providence speculators....... :
47,000 258,000
324,000 284,000
Outside speculators (est)....... 30,000 15,000
325,000
75,000
Total stock, (pieces)............ 168,000
456,000 1,584,000
741,000
Prints were moderately active in both first and second
hands, but the demand was irregular. Ginghams, printed
and woven cotton dress fabrics, seersuckers, lawns, batistes
and white goods were severally in fair request and steady in
price.
Domestic W oolen Goods.— There was little if any im prove,
ment in the demand for clothing woolens at first hands,
operations on the part of wholesale clothiers having been con
ducted with a degree of caution bordering upon timidity.
Orders for heavy cassimeres and worsted suitings were neither
numerous nor important in the aggregate amount, and trans
actions in overcoatings were mainly confined to making
deliveries on account of back orders. Cloakings, Jersey cloths
and stockinettes continued in steady request, and there was a
moderate movement in Kentucky jeans and satinettes. A llwool and worsted dress goods were in fair demand for pres
ent and future delivery, and prices remain firm. Flannels
and blankets were only in moderate request by package
buyers, and shawls ruled quiet; but there was a fair business
in wool hosiery and underwear, further large shipments of
which were made by Pacific Coast jobbers.
Foreign Dry Goods.— Owing to somewhat unfavorable
weather conditions, there was only a moderate re-order demand
for imported goods at first hands, hut a fair distribution was
made by jobbers. Dress goods and silks v ere in steady but
limited request, and housekeeping linens and white goods
were less active than of late, though steady in price. Laces
and embroideries were sold in very fair quantities privately
and through the medium of the auction rooms, and there was
a moderate call for re-assortments of hosiery and fabric gloves,
For clothing woolens the demand was comparatively light,
and prices for some descriptions of worsted suitings are in
buyers’ favor.
I m p o r t a t io n s o f D r y G o o d « .
12,835
3,987,075 382.825
4.098.771 390.905
2.580,929 54Ö.6--6
3.08*.182 359.153
5,021,493 2,248,604
fVOL. XLTV,
The importations of dry goods at this port for the week
ending March 31,1887, and since Jan. 1, and the same facts for
the corresponding periods áre as follows:
A p r il
THE CHRONICLE.
S, 1887.]
atufl jffflrjeifltt ganfeg aM Sattlers.
ü n u n A in u
C A N A D IA N .
NO
$ 1 2 ,0 0 0 ,0 0 0 G o ld .
• $ 6 ,0 0 0 ,0 0 0 G o ld .
Nos.
$9
JO RK
Bonds of Suretyship*
THE
C. F. 8MITHER8, President.
W. J. BUCHANAN, General Manager.
NEW
I JfitxautiaX ©jampatties.
F O R E IG N .
Bank of Montreal.
C A P IT A L , - SU RPLU S» - -
rii
Railway Share Trust Co.
(LIMITED),
N o. 4
OFFICE:
B A N K
B U IL D IN G S
LONDON, ENGLAND.
Sc 61 W A L L S T R E E T ,
W alter W atson , ) ____
A l e x ’s L a n g ,
J Agents.
C a p ita l P a id U p , « 9 7 1 , 3 6 0 S te rlin g .
Buy and Sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers’ Credits
available in any part o f the World; issue drafts on,
This Company undertakes the business of Trustee
and make Collections in, Chicago and throughout the
to Loans o f approved Railways, negotiates and
Dominion of Canada.
issues Loans on the London Market, acts as Agent for
L on d on Office. N o . 2 2 A b c k u r e li L a n e .
Railways and other Corporations, either In the
OTHER BUSINESS.
The Guarantee Co.
O NR
F O TH AM ICA.
ER
Cash Capital............. ...................... ..........8 8 0 0 000
Assets and Resources............. ...................... 830*000'
Deposit with Insurance Department.......... . 240,'O O
O
President:
Vice-President:
Si r a l e x . T. Galt ,
H on. jab . fe r r ix b .
Managing Director: Edw ard R awlings .
NEW YORK OFFICE:
NO. I l l B R O A D W A T .
D. J. TOMPKINS, Secretary.
New T ome Directors—Joseph W. Drexel. A . L~
Hopkins, H. Victor Newoomp, John Paton, Daniel
Torrance. Edw. F. Winslow, Erastus Wlman, F. P .
Oicott and J. E. Pulsford.
F I D E L I T Y Ac C A S U A L T Y CO*
Nos. 814 A 816 BROADWAY, NEW YORK.
®SooniSE!*!*' $850,000, invested ln U. 8. Gov’t Bonds..
$200,000 deposited with the N. Y. Ins. Dep’t, for
the protection of Policy-holders.
„ „ Assets, January 1st, 1887, *578,105.
ter o f payments o f Interest on Loans, Dividends on
Officials of Banks, Railroads ana Express Compa
nies, Managers,Secretaries, and Clerks of Pnbllo Com
or Registration o f Stocks in London, or otherwise.
panies, Institutions and Commercial firms, can obtain
BONDS O F S U R E T Y S H IP
C A P I T A L (p a id n p ), - - $ 1 ,6 0 0 ,0 0 0
from this Company at moderate charges.
Cable Address—Pa y t , London .
SU RPLU S, . . . . . . .
$ 6 0 0 ,0 0 0
The bonds of this Company are aooepted by the
courts o f the various States
H. 8. HOWLAND, Pres’t. D. R. WILKIE, Cashier.
H E A D O F F IC E , T O R O N TO .
CASU ALTY D E P A R T M E N T.
Policies Issued against accidents causing death oe
BRANCHES IN ONTARIO.
totally disabling injuries.
Essex Centre.
Niagara Falls. Toronto.
Full information as to details, rates, Aa, can be
Fergus.
Port Colborne. Toronto. Tonge St.
obtained at bead office, or of Company’s Agents.
LONDON, EN G LAN D .
Galt.
St. Catharines. Welland.
Wm. m . R ichards , Prest. John m . Crann , aec’y.
IngersolL
St. Thomas.
Woodstock.
R ob ’t j . H illas , Ass’t Secretary.
BRANCHES IN NORTHWEST.
Negotiate Railway, State and City loans.
DIRECTORS:
Winnipeg.
Brandon.
Calgary.
Execute orders for Bonds, Shares, etc., on Com G.G. Williams, David Dows,
W. G. Low,
Agents In London :
1 »
„ _. .
Charles Dennis,
mission, and transact a general Banking and V s; ? •Stranahan, A. S. Barnes,
Lloyd’s, Barnett’s & Bos- ban k ^ o f 1M o n t r e a t
A. B. Hull,
H. A. Hurlbut, Alex. Mitoheu!
anquel’s Bank, limited, | BANK OF M o n t r e a l .
Commission Business.
J. L. Hiker,
J. D. Vermllve, 8. B. Chittenden.
Promptest attention paid to collections payable in
Geo. 8. Coe.
Wm. M. Richards, ^
Special attention given to the execution of
anv part of Canada.
approved Canadian bnslness paper discounted at
orders for Securities on the New York, Lon
tut?
»Head Office on reasonable terms, and proceeds
don and Amsterdam Exchanges, in corres
remitted by draft on New York.
Dealers in American Cur’y and Sterling Exohange.
pondence with
Imperial Bank of Canada
Blake, Boissevain & Co.,
guettent ahau s.
BLAKE
M e r c h a n t s ’ Bank
OF
Capital,
18
28
CANADA.
BROTHERS
W a l l S treet, N e w
Ac GO.,
Y ork,
S tate Street, B o s t o n , M a s s ,
AND
•
$5,799,200 Paid Up.
$1,500,000 A D O L P H B O IS S E V A IN Ac CO.
Reserve,
STOCKS and BONDS
At Auction.
The Undersigned hold R E G U LAR AUCTION
BALES, o f all classes o f
1 President, ANDREW ALLAN, Es*.
1
STOCKS AND BONDS»
Vice-President, ROBERT ANDERSON, Esq. _________ A m s te r d a m , H o lla n d « ______
ON
H E A D O F F IC E , M O N T R E A L .
WEDNESDAYS AND SATURDAYS.
GEORGE HAGUE, General Manager.
A D R I A N H . M U L L E R A SON,
W.N. ANDERSON, Assistant GenT Manager.
________
BANKERS :
NO. 12 PINE STREET, NEW YORK.
i'ONDON, ENG.—
The Clydesdale Bank (Limited.)
iW
QrTTTABLR BITTLT1TN .'
G
62 Gresham House, E. C.,
NEW YORK—
The Bank of New York, N. B. A.
The New York Agency buys and sells Sterling Ex
change, Cable Transfers, Issues credits available in
all parts of the world ; makes collections in Canada
LONDON.
p l i n i u 0 .
ana elsewhere and issues drafts payable at any of
the offices of the bank In Canada. Every descrin
tion of foreign banking business undertaken.
Solicit accounts and agencies o f Banks, Railways
New Y o r k A g e n cy , N o . 61 W a l l str e e t
Corporations, Firms and Individuals upon
HENRY HAGUE.
) . . ,
favorable terms; also orders for the pur
JOHN B. HARRlj-3, J r ., JAgents.
chase and sale of Bonds, Shares, Ac., Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to 60-days
Co.,
AGEN CY OF TH E
Sight drafts, at Bank of England rate, and
one per cent below that rate snbjeot to
48 E X C H A N G E P L A C E .
a n k
demand drafts.
P au l L ic h t e n st e in ,
h . R. Baltzbr ,
or
Negotiate Railway, State and City Loans.
„ _
'
President, ___
Vice-President..
R. V. Martinsbn ,
w . E. Mantius
ritish
orth
m e r ic a
Treasurer.
Secretary.
G. W. HALL, Supt.
««»WUT.
N o. 52 W A L L S T R E E T .
.
(Incorporated bv Royal Charter, 1885.)
Sterling Exchange and Cable Trans- 4 T l i r e a d n e e d le S t ., L o n d o n , E n g l a n d
aS^An1^*«
onScotland and Ireland!
Paid-up Capital, - - - - - - £1.600,000
^ e m e U L A V n o t h * Ymblli “ d„8an Francisco!
t Reserve F u n d ,......................... ¿700,000
aTOilAbifl in «il
11Pounds Sterling
1
Letters of Credit and Drafts issued on any of the
Cl A L i RKIII 1.® ISSUEDWfor use in EuroDe numerous branches of the Bank throughout Aus
T
« Ì r Ì w , ? rld- COMM E R
ftfiVr»
tralia and New Zealand.
and We8t Indle8 and the Braxfla
Bills negotiated or sent for collection.
Telegraphic transfers made.
|
jams collected’ and other banking business transONLY
Deposits received in London at interest for fixed
periods, or for transfer to the colonies on terms
D. A. MOTAYISH, ) .
which may be ascertained on application.
H. 8TIKEMAN, j Agents.
PRTDBAUY MRi.RY. Secretary.
Heinemann & Co.,
COLORADO CENTRAL
Consolidated
Mining
B
B
N
A
,
Bank of Australasia,
jètjeamsfttps.
Direct Line to France.
f o r e ig n
.
THE
Anglo-Californian Bank
8AN » hDì0^
(LIMITED).
Office, 3 Angel Court.
B o s t o n C o rre sp «id | to ,M a «a o h M e tto liM t
Hong Kong & Shanghai
P Í Í Í - o 'Í * í í „ t¡ ? í 1 * !.' • * • * « . 0 0 0 , 0 0 «
U
SUS^.j:.- .‘IXSÄ
Btoçks, etc.
and ««»ers for Bonds
^ oto-,.executed upon the most favorable terms
FRED’K F. LOW
)
P- N. L IL E N r M f C
Ï Ï ^ ' * Man^ ?5*-
&ENEBAL TRANSATLANTIC CO.
B e tw e e n N E W Y O R K a n d H A V R E ,
B A N K I N G C O R P O R A T IO N .
Paid-up Capital............................................ $7,500,000 From Pier (new) 48, North River, foot of Morton St,
Reserve Fund..................... ........................ A300 000
Reserve for Equalization of Dividends..".’ .' 500,000 LA BRETAGNE, de Jousselin.. ..Sat., April 2 noon
.. .Sat., April 9 8 A M
Reserve Liability of Proprietors............... 7,500,000 LA GA8COUNE, 8antelli.
LA NORMANDIE, de Kersabiec, Bat. i p r isi
The Corporation grant Drafts, issue Letters of
this Une avoid Doth transit by iOngllsa
Creuit for use o f Travelers, and negotiate or collect .„f,raveler“
Bills payable at Bombay, Calcutta, Singapore, lna’smau'boat 41800111110148of crossing theChMinS
Saigon. Manil% Hong Kong, Foochow, Amoy,
Pbicb of Passage (including wine):—To u - —
Ningpo, Shanghai, Hankow, Yokohama, Hiogo, San First cabin, *100 and (80; second cabin, $60; steer«
Francisco ana London.
'
* ’
?*•» ^^-Inoluding wine, bedding and utensils. Re
A . M . T O W N S H D . Agent, 4 7 W illia m S t. turn tickets at much reduced rates. Checks on B u on s
Transatlontiqae, Havre and Parts,in amounts to suit
JOSEPH Cl LLOTTS
S T E E i PENS
GOLD MEDAL PARIS EXPOSITION-I87B»
TH E MOSTfERFEOT
S pecial T r a in f r o m H a v r e to P arlg *
Generale Transatlantique delivers
NeS York special train tickets from
2uXiS.+<
i^®rlf ' 8a*Fage checked through to Parlg
without examination at Havre, provided passengers
have the same delivered at the Company’s dock in
New York, Pier 42 North River, foot o ffco r to n S t
at least two.honrs before the departure of a steamer!
L O U IS D E B E B I A N f A gen t»
,
" • . . JSOi i ^ B o w lln g G r e e k ,
THE
rii]
S tru s t
J Ç rost
© o tu p u ttie s .
CHRONICLE.
[V o l . S U V
% u & n xn n cz.
C o m p a n ie s .
Union Trust Company United States Trust C
OF N E W
OF N S W TORE.
No. 49 W A L L S T R E E T .
YORK,
73 Broadway, cor. Hector St., N. T.
C A P I T A L .,- - - - - - $ 1 ,0 0 0 ,0 0 0
S U R P L U S ,- - - - - - $ 2 ,0 0 0 ,0 0 0
Authorized to sot s* Kxecntor, Administrator
Guardian, Receiver, or Trustee, and la
- A LEGAL DEPOSITOR? FOR MONEY.
Accepts the transfer agency ahJ registry of stocks,
and acts as Trustee o f mortgages o f corporations..
Allows Interest on deposits, which may be made at
any time, and withdrawn on i r e days’ notioe, with
interest for the whole time they remain with the
company.
;
- ■
For the convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to cheok atsiubt, and allows lnteresi
upon the resulting dally balances. Bach checks pass
through the clearing House.
TRUSTEES:
James M. McLean,
Wm. Whitewrlght,
Ambrose C. Klngsland,
Henry A- Kent,
James H. Ogilvie,
K.T. Wilson,
c . T. Fairchild.
Wm. F.Russell,
I. H. Frothlngham,
C. D. Wood,
George A. Jarvis,
James N. Platt,
C. Vanderbilt,
D. C.Hays,
A. A. Low,
James Forsyth,
G. G. William?,
George Cabot 'Ward,
R. G. Remsen,
Edward King,
J. B. Johnston,
B. B. Wesley,
Edward Schell,
D. H. McAlpin,
Amasa j . Parker,
G sorare B, Carhart,
Samuel F. Barger,
Henry Stokes,
Rotierl Lenox Kennedy, Geo. C. Magoun.
EXECUTIVE COMMITTEE:
Wm. Whitewright.
G. O. Williams,
James M. McLean»
E‘. B. Wesley,
J. B. Johnston,
C. D. Wood,
D. C. Hays,
0. Klngsland.
¿¿W A R D KING, President.
JAMES M. MCLEAN, First Vice-Pres’t,
JAMES H.OGILVIE, Seoond Vice-Pres’ t.
A . O. RONALDSON. Secretary.
Mercantile Trust & Deposit
. JCOMPANY, OF
B A L T IM O R E .
C a p ita !,
• A u th o r ize d C ap ita i,
« 5 0 0 ,0 0 0
8 2 ,0 0 0 ,0 0 0
Authorized to act as Executor, Administrator
Guardian, Receiver, or Trustee, -n j is
A LEGAL DEPOSITORY FOR MONET.
Accepts the transfer agency and registry of stocks
and acts as Trustee of mortgages or corporations.
Takes charge of property, collects and remits In
terest and income promptly, and discharges faith
fully the duties of every trust known to the law.
Money received on deposit. All Trust Assets kept
separate from those of tne Company.
Biirglar-proof Safes and Boxes (having chrome
Steel doors) to rent at$10 to $100 per annum In their
new and elegant chrome steel FIRE AND BURGLARrPROOF VAULTS, protected by improved
Time Locks.
.
_
Wills kept In vaults without charge. Bonds and
EFooks, Plate and all Valuables securely kept under
(guarantee at moderate charges. Paintings, Statu
ary, Bronzes, etc., kept In flre-proof vaults,
JOHN GILL, W .W . SPENCE, L. C. FISCHER
.President.
Vice-Pros’t. .
.Treas. A Sec
W. W. Spence,
Christian Devri es
C.Mort’n Stewart
Robert Garrett,
Chas. 1). Fisher,
Geo. P. Thomas,
O. H. Williams,
Andrew Held.
DIRECTORS: ,
John E. Hurst,
Louis Melarne, 1
Stewart Brown,
Robert Lehr,
W. H. Blackford,
E. A. Jenkins,
Bern ard Cahn,
J.WiUcox Brown,
Alex. Frank,
John Gill.
W . A. Tucker,
Jas. Carey Coale,
Oliver A. Parker.
VV. H. Whltridge,
J. A.llam bletou,
Thos, Deford.
The Union Trust Co.,
(Jll AND 613 CHESTNUT STREET,
P H IL A D E L P H IA .
Authorized C a p i t a l .
......$1,000,000
Paid-up Capital.................... ............. ......... 500,000
Acts as Executor, Administrator, Assignee, etc
and exeoutes.trust« o£ ¡every description known to
C a p ita l a n d S u r p lu s , -
OFFICE OF TEDS
- - $ 6 ,0 0 0 ,© * t
This eompan. Isalej»l depository form m wspoM
Into court-and is authorised to act os guardian os
‘ " ‘•INTEREST ALLOWED ON DEPOSITS, ♦
which may bo made at any time, and witnaraw nartei
live days’ notice, and will be entitled to Intor^t foi
the whole time they may remain with the rompany
Executors, administrators, or trustees of
and females unaccustomed to the trans^lon of busi
ness, as well as religious and benevolent Institutions
will find this company a convenient depository foi
nev
JOHN A. STEWART, President.
My* »
WILLIAM H. MACY, Vice-President
•
JAMES S. CLARK, Second Vlce-Proe*
TBVSTSM8:
Dan. H. Arnold, D. Willis James,|Robt.B.Mtntnrn,
Thos. Slocomb, John J. Astor,
Geo. H. Warren,
Charles E. Bill, John A. Stewart, George Bliss,
Wilson G. Hunt, S.M.Bucki’gbam, William Libbey,
Wm. H. Macy, H. E. Lawrence, John C. Brown,
Clinton Gilbert, Isaac N. Phelps, Edward Cooper,
Daniel D. Lord, Krastus Corning, W.Bay’rdCutting
Samuel Sloan, S. B. Chittenden, Chas. S. Smith,
James Low.
John H.Rhoades. Wm.Rockefeller,
Wm. W. Phelps, Anson P. Stokes, Alex. E. Orr.
HENRY L.THORNKLL,Secretary.
LOUIS G. HAMPTON. Assistant Secretary.
T L A N T I C
Mutual Insurance Co.,
NEW Y O R K , January 24,1887.
The Trustee«, in conform ity to the Charter of
the Company, submit the follow ing Statement
o f its affairs on the 31st December, 1880:
Premiums on Marine Risks from
1st January, 1888, to 31st
Deoember, 1 8 8 6 ...........
$3,809,250 58
Premiums on Poliolee not marked
off 1st January, 1888....... .
1,426,049 46
Total Marine P rem iu m s..... $5,235,299 99
American Loan & Trust Co,
11 3 B R O A D W A Y , NEW Y O R K .
C ap ita l, P a lly P a id .:..
8 1 ,0 0 0 ,0 0 0
THIS COMPANY TRANSACTS A GENERAL
LOAN, TRUST AND FINANCIAL BUSINESS
Receives Money on Deposit subject to check, and
allows Interest on balances.
All Checks pass through the Clearing-house.
MAKES INVESTMENTS OF MONEY.
ACTS AS EXECU1 OR, ADMINISTRATOR,
GUARDIAN, TRUSTEE, ETC.
ALSO, AS REGISTRAR AND TRANSFER AGENT,
. r r An Authorized Depository for Court and
County Treasurers’ Fund.
ROWLAND N. HAZA R I> President.
,
GEORG K g .l i A KT. Vice-President.
WILLIAM O. SNOW. Secretary.
JAMES 8. TH URSTON,Treasurer.
DIRECTORS :
Gxonov H. P o tts ,
W allace o. An dre w s,
J ohn L. M a c a u l a y ,
I h a Da v e n p o r t ,
J a m e s Mv V a r n u m ,
W il l ia m D. Sn o w ,
J ohn I. B l a i r ,
J ohn D. K im mey ,
Ed w a r d f . Br o w n in g , Fb k b e u ic A. P o tts ,
R o w la n d N. H a z a r d , J ohn R oss ,
G eorge g. h a r t ,
A l e x a n d e r G. B l a c k
W m . B. D in sm o r e ,
F r a n k C. H o l l in s ,
E l ia s L e w is ,,J r .,
T h o m a s L. W atson ,
j u i .es A ld iu e ,
E l ia s C. B en edict ,
Stev en son B u r k e ,
W il l ia m P. A n d e r so n .
THE
Real Estate Trust Co.
OF PHILADELPHIA,
No. 1340 Chestnut Street.
C A P IT A L ,
8 5 0 0 ,0 0 0
Receives deposits o f money payable by check and
allows interest thereon; also receives foreafekeeping securities and other valuables, and
rpnts .safe deposit boxes in burglar-proof
vaults.'
Receives Trusts of every description, acting as
executor, administrator, assignee, etc., and
executing surety tor the faithful performance
of any trust of office.
Acts as Agent or Attorney for the sale or manage,
ment of real estate, and insures titles: to xeal
estate and mortg'g*'».
OFFi.Cs.RS:
President—FRANK K. HIPPLE.
Secretary—WILLIAM R. PHILLER.
Treasurer—
WILLIAM F. NORTH.
Real Estate Officer—THOMAS B. PROSSER.
DIRECTORS:
George Phlller,
Frank K. Hippie,
Edward T. Steel,
Henry O. Gibson, - Charles W. Henry,
Lem uel Coffin,..
John S'. Betz,
Beauveau B .rie,
Thomas Dolan,
William M. Singerly.
It. Dale Benson.
John Wanatuaker,
Solicitor—GEORGE J UNKIN.
Premiums marked off from 1st
January, 1886, to 31st Decem
ber, 18 86.......... ...................
$3,817,699 86
Losses paid during the same
period................. .$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, via.:
United States and State o f New
Y ork Stock, City, Bank and
other S t o c k s . . . . . . . . . . . . . . . . . . . . $9,382,375 00
Loans secured by Stocks and
o t h e r w is e ......... . . . . . . . . . . . . .
707,100 06
Real Estate and Claims due the
Company, estimated a t . . . . . . . .
501,647 31
Premium Notes and Bills Rec e iv a b le...........................
1,568,13a 20
Cash in B a n k . . . . . . . . . . . . . . . . . . . . .
285,254 68
A m ou n t... . . . . . . . ..... .......$ 1 2 ,4 4 4 ,5 1 1 69
S IX P E R CENT INTEREST oh the outstand
ing certificates o f profits will be paid toths
holders thereof, or their legal representatives,
on and after Tuesday, the 1st o f February next
TH E OUTSTANDING CERTIFICATES of
the issue o f 1882 will be redeem ed and paid to
the holders thereof, or their legal represents,
lives, on and after Tuesday, the 1st o f February
next, from which date all interest thereon will
cease. The certificates to be produced at the
time o f payment and canceled.
A DIVIDEND OF FORTY P E R CENT is
declared on the net earned premiums of the
Company, for the year ending 31st Deoember,
1886, for w hich certificates will be issued on
and after Tuesday, the 3d o f M ay next.
B y order o f the Board,
J . I I . C H A P H A N , Secretary.
AU trust■
assets kept separa's from those of the Com
T R U S T E E S !
pany.
■ ■• n ' f i
,
Burglar-Proof Safes to rent at $5 to $50 per annum
WUls kept in vaults without charge.
William D. Morgan,
J. D. Jones,
Bonds, Stocks and other valuables taken under
guarantee.
C hulea H. Marshall,
W. H. H. Moore,
Repository for Western Mortgage loans, hearing
Frederick H. Cossitt,
A. A . Raven,
and 7 per cent interest. Principal and interest guar
anteed. •
...
William Bryoe,
James Low,
Money received on deposit at Interest.
John Elliott,
J AS. LONG, Pres’t. JOHN G. READING, V.-Pres’t,
Wm. Sturgis,
Cor. of Montague and Clinton Sts.,Brooklyn, N.Y.
MAIILON S. STO KES, Treasurer & Secretary.
James G. De Forest,
This company Is authorized by special charter to Beniamin H. Field,
.U1>R. PATTERSON, Trust Officer.
act as receiver, trustee, guardian, executor or admin. Josiah O. Low,
DIRECTORS,
Charles D. Leverich,
Istrator.
..
.; i ■
J ameääJätiW.A 13 AB nal S.Gillett, rosepb Wright,
John L. Riker,
It can act as agent in the sale or management of Edmund W. Corliss,
■
John T. Monroe,
C.P.Turner, ___ _____ S. Price,
M.D. m. _
real estate, collect interest or dividends, receive re Robert B. M inium ,
RPPtífttev- (. G. Reading,
W .J ■ isdvti'oM 1
N. Denton Smith,
gistry and transfer books, or make purchase andsale
lÍ9ft.J.Ke«fe,
Wm
George Bliss,
o f Government and other securities.
William Degroot,
weftfigi Ens >lu» Ji^oPlaSnyha:,
,
Rob'
^ Religious and charitable institutions, and persons
b» » » « i W i l m
Isaac Bell,
¡Tunaccustomed to the transaction of business, will Horace Gray,
1 "’ÿ J ^ i f e î W t a i i i Q r -------IJtaq tjijg,Company a_safe and convenient depository William E. Dodge,
Edward Floyd-Jones,
LEY ROPES, President.
k6bt
"
b a d in o : Edmund.
Anson W. Hard,
William H. M acy,
D W. CO RUES, Vice-Pres’t.
Davis./ Duaruts, * ! ,vomA
1
SifSpiS:
Thomas Maitland,
« m M ï ÇfÔIPSSSWOta .nidao
0. A. Hand,
nowlton, .H t K. Sheldon,
gnltibed .ettiw xaihnloni 88
John Edgar Johnson,
John D. H ewlett,
tubei domoAcsJekuiJ
Ira Bursley,
William H. Webb,
James A. Hewlett,
■ ■ ■ r G o ffie s ;-----Abram BrBâÿlîs
TThw jes P. Bnrdett,
¡U. E. Pierrep.ont, H, W. Maxwell,
George H. Macy.
Ho irjuE* Hawley,
K| s à Cfilft ftA N,J ^ p e t a r y j' A
^ S B U l R â o 1r
|i§t^KjC|Cg|T^N|
ykd >$M9jdMMrne,
Ul#Pvi8ka>r(M«4 SUni
The Brooklyn Trust Co.,
J ttd w w i <natt«^0i|ër sarape*!
exjBcuW-. aayfega tfUSPs nwiv
«A
Sr companies.
&H iiit.HfnappraM aeitK f g j i
„ a i ^ t a n o ü . TAPPEN,Vice-President.
.ij«a HB ia. SôÂetary.
___a
S m id e n t.
E U W JAÛ3RTâî CO
am
„ c
w Ol
I
B’ŒÏH'î
^ r RAVE2äi,/-aS Vtóe&rtfa?*...
Af&
»—
fnfcfcO HAxlTVííHiII
A p r il
ii THE CHRONICLE
2, 1 87. J
lx
Itistmrocje.
© ir ttim .
The United States Life
Insurance Co.
IN T H E
C IT Y OF N E W Y O R K .
(ORGANIZED IN 1850.)
*61, 262 & 263 Broadway, New York.
O. H. BCRFORD, President,
c . P. FBALMIOH, Sec’y. A . WH1KLWRIGHT, Ass’t 800
W m. T. STANDKN, Actuary.
AU the profits belong to the Policy-holders exclu
sively.
All Policies Issued by this Company are in d is p u t
ab le after three years.
AU Death Claims paid w ith o u t disc ou n t as soon
as satisfactory proofs have been received.
This Company issues all form s o f Insurance, in
cluding Tontine and Limited (Non-Forfeiting) Ton
tine.
One month’s grace allowed in the payment o f
Premiums on Tontine Policies, and ten days’ grace
on all others, the Insurance remaining in full force
during the grace.
Absolute security, 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. 8. GAFFNEY, SuperI ntsr dent o f Attendee, at Home Office.
THE
E Q U IT A B L E L IF E
ASSURANCE SOCIETY.*
Crenshaw & Wisner,
71 W A L L S T ., N E W Y O R K ,
CO M M ISSIO N
AGENCY OF
H A X ALL
CRENSHAW
ORIENT GUANO MANUFACT’G C 0„
O R IE N T , I,. I .
Standard Superphosphates.
HINES
COMPANY
OF V IR G IN IA .
High Grade Pyrites free from Arsenic.
— -¿e ■ —
«
— «*■
¡^ s ss s s ss s sa
New Assurance in 1886..,
Outstanding Assurance..
$111,540,203.00
$411,779,098.00
Manufacturers and Dealers In
C O TTO N SAILDUCK
SELLING AGENTS FOR LEADING BRANDS
B R O W N & B L E A C H E D S K IR T IN G S
A N D S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, *e.
T o w e l» ,Q u ilt « , W h it e G o od e A H o s ie r y
Drill», Sheetings, <tc, for Export Trade.
158 AND 158 BROADWAY, NEW YORK.
Organised A. D. 1850.
,
TO JANUARY 1, 1887.
i,
if e
H * s ,.i f f c r t s . f
w
e
a
In Bound and Flat Bars, and 5 ply Plates and Angle
FOR SAFES, VAULTS, &0.
Cannot be Sawed, Cut or Drilled, and practically
Burglar-Proof.
CHROME
STEEL
Circulars Free.
W ORKS,
B R O O K L Y N . N . Ya
r
r .
ASSETS, $ 1 9 ,4 7 2 ,8 6 0 02 .
■ CEIVH S^Anki^E^ T 9 5 .ANTS ANNUITIES, R E■
DEPOSIT, returnable on de7 hl0^ (nterest Is allowed, and Is empowI m Si
Ss EXECUTOR. ADM IN I8TRAI MlTTWWU! w n ! ’T # ^ R DIAN ’ ASSIGNEE, COMI ful
AGENT, etc., for the faith.
I t u n d f i ^ i i f 110® ,o f wh,ch its capital and surplus
■
An iurn*
8hample security.
I and a D ^ tf ^ dA,a
Jld investments are kept separate
I Thn ?iX Tom ‘ i 10 as»et8 o f the company.
Alexander & Cargill,
COTTON BROKERS,
A U G U S T A , G E O R G IA ,
visions la New York and Chicago.
Mohr, Hanemann& Co.,
COTTON
EXCHANGE
B U IL D IN G ,
New York.’
Sp e c ia l a tten tio n g iv e n to th e E xecution
OF ORDERS FOB FUTURE CONTRACTS.
Robert Tannahill & Co.,
Cotton Commission Merchants,
C o tto n E x c h a n g e lB o ild ln ff, N e w Y o r k .
Special attention given to the purchase and sale of
FUTURE CONTRACTS
In New York and Liverpool.
G.
Schroeder &
Co.,
Successors to WARE A SCHROEDER,
COMMISSION
MERCHANTS,
Cotton Exchange Building,
NEW YORK.
Orders for future delivery o f Cotton executed la
New York and Liverpool; also for Grain and Pro
visions In New York and Chicago.
1 9 S o u th W i l l i a m S t. Sc 51 S to n e S t . ,
NEW YORK.
COTTON.
BUYERS FOR AMERICAN MILMfc
S e lm a , M o n tg o m e r y a n d N e w Y o r t t .
38 R U E
'
h en ry
H. W
h e e l e r .”
COTTON COMMISSION MERCHANTS
NEW YORK.
ALSO
COTTON BROKER AND AGENT,
D E LA BOU RSE, H A V R E
B A G G IN G A N D IR O N T I E S ,
(FOR BALING COTTON).
Advances made on Cotton Consignments and Special
™ sale of FUTURE
FELL0WES, JOHNSON & TILESTON,
C O T T O N , S T O C K S , B O N D S , A c .,
25 WILLIAM SI BEET, NEW YORK.
Orders In “ Futures” executed at N Y. Cotton Exoh
JOHN
H,
C L IS B Y &
CO .,
COTTON BUYERS,
0 o U ^ ^ edu1 S e
y
ttede8ldiIlg abr0ad Carefttlly
§ a m ’ l r . Sh i p l e y : President.
? ’H i® T A R B RO W li, Vice-President.
V
A s a 8« WING, Vice-President and Actuary.
Orders for future delivery of Cotton executed la
Bullard & Wheeler, gj
F. Hoffmann,
P H IL A D E L P H IA .
C A P I T A L ...........j ........................ $ 1 ,0 0 0 ,0 0 0
MERCHANTS,
No. 123 PEARL ST., NEW YORK.
J o h n [L. B u l l a r d .
ProvidentLife&TrustCo
incorporated Third Mo., 22d, 1865.
(CHARTER PE RPE TU A L.)
Gwathmey & Bloss,
J. C. Graham & Co.,
WELDED CHROME STEEL AND IRON
Q o tto n .
OF
Liberal advances made on Cotton consignments.
Special attention given to the sale o f cotton to ar
rive or In transit for both foreign and domestlo mar
kets. Orders for Future Contracts executed In New
York and Liverpool.
And all kinds of
COTTON CANVAS, FELTING DUCK, n i l
COVERING, BAGGING, RAVENS DUCK, BAIL
TWINES, &C., “ ONTARIO” SEAMLESS
BAGS, “ AWNING STRIPES.
Also, Agents
U N IT E D S T A T E S B U N T I N G CO.
* full supply, all Widths and Colors, always In stock
•
N o . 1 0 9 D u a n e S treet.
L IF E IN S U R A N C E C O M P A N Y ,
i remiums received.............................. . .. $31,748,115
j cialma paid to policy-holders, returned
premiums, dividends, e tc,....................... 24,960,759
.................. ,
11 310 058
Assets............
;
®ne o f t he oldest, strongest, best.
1 ULiiiJitS—Incontestable, non-forfeitable, definltV,cash surrender values.
desired
low> and participating or not, as
careful and selected.
PROMPT, liberal dealing.
' • h i a „ Kents and Canvassers wanted In desiriih » r o ? ^ m y’ lo whom permanent employment and
i moral compensation will be given. Address,
j r n . i JA ®®S M. McLEAN, President.
NORFOLK, V A.
Cotton Brokers & Commission Merchants
New York and Liverpool t also for Grain and Pro
SECURE BANK VAULTS.
MANHATTAN
Price, Reid & Co.,
COM M ISSION
Brinckerhoff, Turner
& Co.,
L a g g in g .
' In S urplus (namely the excess
of accumulated funds over liabili W A R R E N , JONES A G R A T 7 ,
S T . L O U IS , N o .
ties), in P remium I ncome, in the
amount o f A ssurance in F orce, the Manufacturers of Pure Jute Bagging.
im p o r t e r s o r
Equitable Life Assurance Society ex
IR O N CO TTO N TIE S.
ceeds every other life assurance com
pany, and may be regarded as the
largest and strongest organization o f Bliss, Fabyan & C o.,
its kind in the world.
New York, Boston, Philadelphia,
Assets,January 1, 1 8 8 7 ...7 . $75,510,472.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. basis.. . $16,355,875.76
AND
CO.,
RICHMOND, VA.
Standard Brands of Flour for Shipment to Warm
Climates always on hand.
SULPHUR
Cotton E x c h a n g e , N e w Y o rk ,I.
M ER CH ANTS,
Member, o f the Cotton, Coffee and Produce Exch’r.
THE
Hubbard, Price & Co.,
M ONTGOM ERY,
P u r c h a se
o n ly on
ALA.
O r d e r s F o r A Co m m issio n
W alter
COTTON
&
F atman,
BROKERS,
53 B E A T E R S T R E E T , N E W Y O R K ,
B. F. BABCOCK & CO.
COMMISSION MERCHANTS,
1 7 W a t e r S treet, L I V E R P O O L ,
Receive consignments o f Cotton and other Prodnoe,
and execute orders at the Exchanges in Liverpool.
Represented In New York at the office of
SAM’L D. BABCOCK,
82 Nassau Street, New York.
Dennis Perkins & Co.,
COTTON BROKERS,
1 2 5 P e a r l Street, N e w Y o r k .
Orders for Spot Cotton, god Futuieg prompt!*executed
\
ITHECCHRONICLE.
W . T . Hatch & Sons,
MERCHANTS,
NEW
IN M A N , SW A N N & Co
YORK.
lCOTTON MERCHANTS,
LOAMS MADE ON ACCEPTABLE SECURITIES.
*
Sp e c ia l A t t e n t io n
tor
to o r d e r s . o r
t
F u t u r e D e l iv e r y
of
Henry P. Hatch.
Arthur M. Hatch,
Walter T. Hatch.
Noth’l W. T. Hatch.
Woodward & Stillman,
jrost Building, 16 & 18 Exchange Place,
2. 1887,
I p t s jC je lla u e H U s .
< a tto n .
H
C jorttx m .
[ A p b il
Co n tra cts
Co tton .
N ew
"" c o t t o n , a l l g r a d e s , s u i t a b l e t o w a n t s
Y ork .
BANKERS,
14 NASSAU STREET, NEW YORK.
n_„T™ 1 3 2 Chnrch Street, N. Y „
r a5
BRANCH OFFICES J8 0 8 chapel St., New Haven
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED—subject to check at sight
—with Interest upon balances.
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
OF. SPINNERS
Bethlehem Iron Comp’y
OFFERED ON TERMS TO SUIT.
Williams, Black & Co., Geo.H.McFadden&Bro.
COTTON
BANKERS AND COMMISSION MERCHANTS,
1
W IL L IA M
NEW YORK.
Delaware Mutual
Edward H. Coates & Co. > Safety Insurance Co.
F R E P K B Id
C otton
L e h m a n , Du r r A Co.,
Montgomery, Ala.
F actors
C O M M IS S IO N M E R C H A N T S ,
No. 40 EXCHANGE PLACE,
!MEMBERS OF THE COTTON, COFFEE AND
PRODUCE EXCHANGES.
•Up t o w n Office , No. 204 c h u r c h St r e e t .
N ew Y o r k .
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our corres
pondents in Liverpool: Messrs. L. Rosenheim A
Bens and A. Stern A Co.; In London, Messrs. B.
Newgass A Co.
A
CO.
NO. 116 CHESTNUT STREET,
P H IL A D E L P H IA .
NO. 49 MAIN STREET,
N O R FO L K , V A .
SPINNERS ORDERS SOLICITED.
»JEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c.
LEH M AN BRO’S,
ZEREOA
Cotton Commission Merchants,
ORDERS EXECUTED IN
New Orleans, La.
Rountree & Co.,
COMMISSION MERCHANTS,
COTTO N E X C H A N G E , N E W Y O R K , and
^ N O R F O L K , VA.
COTTON, G R A IN , PROVISIONS,
Stocks and Petroleum.
Orders executed In New York, Chicago and Liv
erpool. All grades of cotton suitable to spinners’
wants offered on favorable terms.
Geo. Copeland & Co.,
COTTON BROKERS,
COMMISSION
MERCHANTS,
S S o u th W i ll i a m S t., N e w Y o r k .
•XHCUTB ORDERS FOR FUTURE DELIVERY
M A R IN E A N D IN L A N D IN S U R A N C E
COMMERCIAL M UTUAL
IN S U R A N C E C O M P A N Y ,
42 WALL STREET, NEW YORK.
€ O T T ON
ASSETS:
« t the NEW YORK, LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Also orders for
United States Securities................ ......... $177,330 00
Bank Stocks of New York City Banks.... 111,535 00
C O F F E R
City and other Stocks and Bonds, Loans
and Cash in Banks................................. 330,403 43
at the NEW YORK COFFEE EXCHANGE, and
Premium Notes, Cash Premiums, Re-in
G R A I N A N D P R O V IS IO N S
surance and other Claims...................... 65,220 75
at the NEW YORK PRODUCE EXCHANGE and
Total Assets January 1,1887........... $693,489 18
the CHICAGO BOARD OF TRADE.
W. IRVING COMES, President.
Co r r e sp o n d e n t s :
OF PHIL ADEPHI A.
F IR E
AND
M A R IN E .
CAPITAL STOCK................. ............... $360,000 00
Outstanding Scrip................................... 716,960 00
Reserve to reinsure Outstanding Risks
and all other Liabilities......................
262,643 20
Surplus over Capital and Scrip............... 379,606 08
TOTAL ASSETS............................. $1,719,20915
N e w Y o r k Office, 7 5 B e a v e r Street,
J , R A Y M O N D S M I T H , A g e n t.
North British
& Mercantile Ins. Co.
OF *
LONDO N A N D E D I N B U R G H .
U. S. Branch Statement Jan. 1, 1887.
134 P E A R L S T R E E T , N E W Y O R K .
J u s u tfA ttJ C je .
Henry Hentz & Co.,
N ew Y ork.
(INCORPORATED 1858.)
L iv e r p o o l Co r r e sp o n d e n t s ,
STOCKS, P E T R O L E U M ,
40 and 42 W a ll Street,
M a n h a t ta n B u ild in g ,
P H IL A D E L P H IA .
STREET,
-C O T T O N , G R A I N ,
P R O V IS IO N S , C O F F E E ,
-L e h m a n , St e r n & Co.,
MERCHANTS,
H e n r y D. K in g , Sec. W a in w r ig h t H a r d e e ,V .P .
IP§r This Company issues Certificates of Insurance,
Messrs. Smith, Edwards & Co., Cotton Brokers
losses payable in LON DON, at its Bankers, Messrs.
Uvtrpool.
BROWN, SHIPLEY & CO.
¿as. Lea McLean, New Orleans.
The Safe Deposit Co. of New York.
Invested and Cash Fire Assets.......... ...$3,378,754 40
LIABILITIES:
„
Reserve for Unearned Premiums....
$1,217,584 86
Reserve for Unpaid Losses............. ........ 148,062 96
Net S u rp lu s.......... ........................‘¿ ,0 1 3 » 1 0 b 58
$3,378,754 40
Losses paid In U. S. In 20 years ..9 1 7 ,1 6 4 ,6 8 9 71
U. S. Branch Offiob, 54 W illiam St ., N. Y.
CHAS. E. WHITE, BAM. P. BLAGDEN,
Managers.
JAS. F. DUDLEY, Deputy Manager.
Phenix Insurance Co.
OF
BROOKLYN,
Office, 195 Broadway, New York City.
Statement o f Company 1st Day o f Jan., 1887.
CASH C A P IT A L ................................... 91,000.000 00
Reserve for unearned premiums......... 3,466,886 tfv
Reserve for unpaid losses......................
869,197 9
3
Net surplus....................... . ...............
557,086 7
a
Gash assets........................................$$5,888,171 68
S T E P H E N C lt O W E I ,L ,| P r e s ld e n t .
WM. R. CROWELL,_Vice-Presldent.
PHILANDER SHAW, Secretary.
GEO. H. FISKE, Assistant Seoretary.
FRANCIS P. BURKE, Sec’y Local Dept.
¿ETNA
‘THE FIRST ESTABLISHED IN THE WORLD.
Insurance Company
•OFFERS I V E i jU A L L E D S E C U R IT Y .
OF
R E N T S SA F E S I V IT S B U R G L A R -P R O O F V A U L T S .
RECEIVES SILVERWARE ON DEPOSIT.
HARTFORD.
C a p i t a l.........................
Liabilities for unpaid losses
and re-insurance f u n d .......
Net Surplus...............
$4,000,000 00
2,118,618 19
3,450,221 37
A ssets J a n . 1 , 1 8 8 7 . . . . $ 9 ,5 6 8 ,8 3 9 59
THE
OFFICES
HAVE
BEEN
NEWLY
FURNISHED
WITH
N o . 68 W a l l Street, N e w York.
J A 8 . A . A L E X A N D E R , A g e n t,
EVERY
IMPROVEMENT
AND
SECURITY.
140, 142 and 146 Broadway.
-V R A N C I S M . J E N C K S ,
P re s id e n t.
G E O R G E H . TOSE.
S e c re ta ry .
C o m m e r c ia l U n io r
A ssurance Co.tl i m i t e d
OF LONDON
Office, Cor. Pine < William Sts., New York.
fi
@FedFRASER