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H U N T ’S M E R C H A N T S ’
%
R E P R E S E N T IN G
S ltfe iM j}
T H E IN D U S T R IA L
VOL 44
AND
MAGAZINE,
fje w s u m p e t,
C O M M E R C IA L
IN T E R E S T S
OF
THE
U N IT E D ' S T A T E S
N E W YORK, APRIL 23, 1887.
NO. 1,1459.
ffitm ttcial.
fin a n c ia l.
A M E R IC A N
Bank N ote Company,
7 8 TO 8 6 T R I N I T Y
F. E. Trowbridge,
D IA M O N D S .
PLACE,
N E W YORK.
Business Founded 1795.
Incorporate*! under Law. o f S lo t, o f How York, 1858.
Reorganized 1879.
E n gr ave rs a n d P r in ter s o p
B A N K E R A N D B R O K ER ,
N o *. 3 Sc S B r o a d o r 29 W a l l Street*.
(B r a n c h O f f ic e , 890 B r o a d w a y .)
Alfred H . Smith & Co.,
IM P O R T E R S ,
182 Broadway, Cor. Jobn Street.
B 0N D 8 , POSTACE A REVENUE S T A M P S .
LECAL TENDER A N D N A T IO N A L BANK
N0TE8 o f the UNITED S T A T E S ; and for
Foreign Governments*
Member of the New York Stock Exchange. Di
rector o f Merchants’ Exchange National Bank,
American Savings Bank, American Safe Deposit
Company, Ac., Ac.
Securities bought and sold on commission, for
cash or on margin. AU Inquiries gratuitously res
ponded to. Correspondence solicited.
EN G R A VIN G A N D PR IN TING ,
B A N E NOTES, SH A R E C E R T IF IC A T E S , B O N D S
Fo r g o v e r n m e n t s a n d c o r p o r a t io n s ,
D R A F T S , CH ECKS, B IL L S O F E X C H A N G E ,
S TA M P S, Ac., In the finest and most artistic style
FROM S T E E L PLA T E S,
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
S O L ID
GORHAM
use o f tho Company«
BAFETY COLORS.
S IL V E R .
W o rk Executed In Fireproof Buildings.
Ra i l w a y t ic k e t s o f im p r o v e d s t y l e s .
Show Cords, Labels, Calendars.
Maverick National Bank
BOSTON,
C A P IT A L ,
SURPLUS,
M ASS.
•
Floyd-Jones & Robison,
BANKERS
W e draw our own exchange on London and the
Continent, and make Cable transfers and place
money by telegraph thronghont the United States
and Canada.
Government Bonds bought and sold, and exchanges
In Washington made for banks without extra charge.
W e have a market for prime first-class Investment
Securities, and nvlte proposals from States, Coun
ties and Cities, when issuing bonds.
W e do a general banking business, and invite cor
respondence.
A S A P . P O T T E R , P r e s id e n t .
JO S, W , W o r k , C a s h ie r .
N o . 2 E x c h a n g e C o u rt, N e w Y o r k .
J. A . Kohn & Co.,
B A N K E R S AND B R O K E R S ,
(M i l l s B u i l d i n g ), 19 B R O A D S T . , N . Y .
Members o f the New York Stock Exchange.
Execute orders on commission for B o n d e , S to c k e
and F o r e i g n E x c h a n g e .
D e a l e r e i n flre t-c la e e In v e stm e n t S e c u rit ie s ,
Particular attention given to Investments for Cap
italists, Trust Funds and Institutions.
72 B r o a d w a y ,
Henry S. Ives & Co.,
B AN KERS,
N o.
26
William T. Meredith,
48
W A L L
S T R E E T ,
Lansdale Boardman,
W E W Y O R K . fcO B R O A D W A Y A 5 N E W ST.
T B O Y , N . Y . , N o. 17 FIR ST 8TREET.
* ° * Kxeh. membership, private wire; all fasUitlee.
YORK.
Transact a general hanking business. Including the
purehase and sale o f securities listed at the New
York Stock Exchange, or in the open market.
Receive deposits subject to check at sight and
allow interest on daily balances.
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject o f invest
ments for institutions and trust funds.
J S. F a r l e e .
R o b e r t D. F a b l e r .
J. S. Farlee & Brother,
BROKERS A N D D EALER S IN
I N V E S T M E N T
Co r r e - p o .n d e n c e S o l ic it e d .
Bonds and stocks bought and sold at the New
York Stock Exchange.
B O N D S A N D IN V E S T M E N T S E C U R IT IE S F O B
SALE
Alexander Campbell & Co.,
B A N K E R S A N D BR O K ER S,
17
NASSAU S T R E E T , N E W
YORK.
James D. Simons,
(Formerly SIMONS A C H E W )
B A N K E R
Sc B R O K E R ,
2 E xch an ge C ourt Sc 32 B r o a d w a y , N . Y .
AU Securities dealt in at N. Y . Sto-k Exchange
bought and sold for Cash or on Margin Special a t t r i
tion given investments. Correspondence solicited.
Member M. Y. stuck Excnwugt,.
Meuioer N. Y . Produce Exchange.
W . H . Goadby & Co.,
B A N K E R S A N D BR O K ER S,
No.
Rolston & Bass,
No.
20 B R O A D
STREET,
NEW
B O ND S ,
STATE, M U N IC IP A L A N D APPR O V ED R A I L
ROAD BONDS.
(Bank of New York Building).
¿1 & f f i f f i ’ipee’l
STO CK B R O K E R .
S T ., N E W
P . 0 . BO X 1,423.
M a l c o l m Ca m p b e l l . Member o f N . Y . Stock Exch.
M enib.N.Y,as ^ k E x c h .
NASSAU
N o . 7 N A S S A U S T ., N E W Y O R K ,
~W. P. Wight & Co.,
STO CK B R O K E R S .
B A N K E R S A N D BR O K ER S,
Y ork .
40 W a l l S t r e e t, N e w
BROKERS,
Stacks, Bonds and U. 8. Government Securities
Bought and gold on Commission.
W m . c . F l o y d -J o n e s ,
W i l l i a m R o b is o n
Members New York Stock Exchange.
$ 4 00 ,0 0 0
$600,000
Accounts of Banks, Bankers and Corporations
solicited.
Our facilities for CO LLEC T IO N S are excellent
and we re-discount for banks when balances war
rant IL
Boston Is a reserve city, and balances with us from
banks (not located In other re^ery« cities) count as a
reserve.
AND
N o.
A ll stocks and securities dealt la at the New York
Stock Exchange bought and sold on commission, fo r
cash or on margin. Deposits received and interest
allowed on balances.
A ND 9 M A ID E N LANE.
LITHOGRAPHIC AND TYPE PRINTING.
BLANK BOOKS OF EVERY DESCRIPTION
JAMES MACDONOUGH, President
A. D. SHEPARD,
1
W. M. SM ILLIE,
V Vice-Presidents.
TOURO ROBERTSON, )
TH EO . H. FREELAND, Sec’y and Treas.
Closson & Dumont,
M ’t’g Co.,
Broadway and Nineteenth Street,
SAFET Y P A P E R S .
JAMES T. CLOSSON.
JOHN B. DUMONT
H u m a n Cl a r k , Special Partner.
YORK.
STOCKS, B O ND S,
A N D M IS C E L L A N E O U S S E C U R IT IE S
Correspondence solicited.
Quotations cheerfully furnished.
W m . h . Rolsto n.
W . a l u x , b a s s . Jr.
Member N . Y . Stock Exeh’ge.
24
B R O A D
S T R E E T ,
_________________ N e w Y > r k ,
Howard Lapsley & Co.,
BANKERS A ND BROKERS,
74 B R O A D W A Y a n d 9 N E W S T R E E T ,
N e w Y o r k .]
THE CHRONICLE
1
1
[V
o l.
XLTV.
j a n k e r s atiû Pxnw txs cf Woxtißu ^xciiattgje.
Drexel, »Morgan & Co., Kidder, Peabody & Co.,
FO REIG N B AN KERS,
W A L L STR EET, C O R N E R OF B R O A D .
NEW
YORK.
1 Nassau Street, New York,
Drexel,Harjes & Co
D rex el & Co.,
118 Devonshire Street, Boston. 3 1 0
Vor..of Bth A Chestnut Sts. 31 Boulevard Hauasmann,
D O X E S 1 IO A N D F O R E IG N
BANKERS.
Messrs. B A R IN G BROS. & CO., London
Deposits received subject to Draft. Securities
bought and sold on commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Cuible Transfers.
Circular Letters for Travelers,
available In all parts of the world.
C ir c u la r C re d its fo r T r a v e le r s .
ATTORNEYS AND AGENTS OV
Ca b l e T r a n s f e r s a n d R il l s o f E x c h a n g e on
G r e a t B r i t a i n a n d t h e Co n t i n e n t .
IHessrs, J , 8. M O R G A N
Vo. 22
OLD
BROAD
A
STREET,
CO .,
C O M M E R C IA L
LO N D O N .
P h ila d e lp h ia ,
N ew Y ork ,
Boeton,
AND
A L E X A N D E R B R O W N A SONS,
B A L T IM O R E .
Members of New York, Philadelphia and Baltimore
Stock Exchanges.
Execute orders for all Investment securities. Buy
and sell Bills of Exchange on Great Britain and
Ireland, France, Germany, Belgium, Holland,
Switzerland, Norway, Denmark, Sweden,
Australia, St. Thomas, St. Croix and
British West Indies.
Thetr London house, Messrs, B R O W N . S H IP L E Y
A CO., receive accounts o f American banks, firms
and Individuals upon favorable terms.
J. & J. Stuart & Co.,
83 N A S S A U
B IL L S k F
0
S M I T H ,
STREET.
EXC H AN G E ON
P A Y N E
A
S M I T H ’ S,
NO.
A
M A N C H E S T E R , P A Y A B L E I N LO N D O N |
ULSTER
B A N K IN G
COM PANY,
B E L FA S T , IR E L A N D ;
AND ON THB
N A T IO N A L
BANK
OF
SCOTLAND,
E D IN B U R G H
A N D BRANCHES s
ALSO,
C A B L E T R A N S F E R S A N D L E T T E R S OF CR ED IT .
J
o h n
M
&
u n r o e
N o . 4 P o s t Office S q u a re , B o s t o n .
Issue Circular Letters of Credit for Travelers’ Use
Abroad against Cash or Satisfactory
Guaranty of Re-payment.
E x c h a n g e o n L o n d o n , P a r i s , B e r li n
a n d Z u r ic h .
Cr e d it s O p e n e d a n d P a y m e n t s M a d e b y c a b l e .
A CO.
Schulz & Ruckgaber,
BAN K ER S,
39 W I L L I A M S T R E E T , N E W Y O R K
Kenn ed y Tod.
H . O. N o r t h c o t e .
In te rn a tio n a l B a n k o f L o n d o n
( L i m it e d ), L o n d o n .
M e ss rs. J o k n B e r e u b e r g , G o s s le r A Co
H am b u rg.
M e ss rs. M a r c n a r d , K r a n s s A C o ., P a r t s
Unger, Smithers & Co.
BROKERS,
Members of the New York Stock Exchange.
D i a l e r s i n F o r e i g n E x c h a n g e , Go v e r n m e n t
a n d o t h e r In v e s t m e n t B o n d s .
S T E R L IN G L O A N S A S P E C IA L T Y .
44 W a l l St. a n d 02 G re e n e St. N . Y
Buy and sell on commission for Investment or on
margin, all securities dealt in at the New York 8tock
Exchange.
C a n a d ia n
H ank
of
C om m erce
surplus,
91,eoo.ooo.
J. H. G 0ADBY & A L E X . L A IR D ,
AGENTS,
16 E X C H A N G E P L A C E , N E W Y O R K
• U Y A N D S E L L S T E R L IN G E X C H A N G E , C A B L E
T R A N S F E R S , ETC.
ISSUES C O M M E R C IA L CR ED ITS. A V A I L A B L E
IN A L L P A R T S OF T H E W O R L D .
C irc u la r L e tte rs of C re d it issued for
tra v e le rs ’ use and C om m ercial Credits
opened In Europe, A s i a , South Am erica
and the W e s t In dies.
NO. 63 W ILLIA M STREET,
BANKERS.
29 W I L L I A M
Buy and sell bonds, stocks and securities in all Am
erican, Canadian, British and Dutch markets on com
mission. Collect dividends, coupons and foreign and
inland Drafts.
___ ___
Sell Bills o f Exchange on
eo” I
M W iï/ m të tiS S * ^ I ”
John Paton &
—{ p a r i s .
Co.,
SUCCESSORS TO
J
W illia m
Street, N e w
Y o rk .
CO. B A N K , L O N D O N
SC O T LA N D .
AND
Maitland, Phelps & Co.
B A N K E R S
Messrs. C. J. Ham bro & Son. London.
gawfejet:s and fbxBk&xs.
J. C. Walcott & Co.,
A
BROKERS,
Transact a General B anking Business.
Stocks and Bonds bought and sold on Commission,
Orders received in Mining Stocks, and In Unlisted
Securities. Collections made and loans negotiated.
Dividends and interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty.
W e issue a Financial Report weekly.
JOS. C. WALCOTT,
) Members o f the New York
Stock Exchange.
Fr a n k f . D ic k i n s o n , j
Albert
16 A
BR O K ER IN
MERCHANTS
24 E x c h a n g e P la c e ,
Pearce,
18 B R O A D
ALL
K IN D S
OF
8 T .,
IN V ESTM EN T
BONDS, M IS C E L L A N E O U S S EC U R ITIE S
A N D D E F A U L T E D BONDS.
AND
22
N E W YORK.
B A N K E R S .
B U Y A N D D R A W B IL L S OF EX CH ANG E,
M A K E C A B L E T R A N S F E R S , IS SU E T R A V E L .
ER8’ CR ED ITS.
IS S U E C O M M E R C IA L CR ED ITS, A V A IL A B L E
IN A L L P A R T S OF T H B W O R L D , ON
GEO. COPPELL.
THOS. MAITLAND.
G e r a l d L . H o y t , Member N . Y. Stock Kxch.
COMMISSION
STREET,
N o . 24 P i n e Street, N e w Y o r k .
Accounts and Agency o f Banks, Corporations
firms and Individuals received upon favorable terms
Dividends and interest collected and remitted.
Act as agents for corporations In paying oonpons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exohange and Cable Transfers bought and
sold.
DRAW ON
T H B U N IO N B A N K OF LO N D O N ,
L IN E N
F O R E I G N
BANKERS AN D
J E S I I P , P A T O N & C O .,
52
Reidelbach,
Ickelheimer & Co.,
Cor. Exchange Place,
O ffe r In v e s t m e n t S ecurities.
_______ C O R R E S PO N D E N C E S O LICITE D ________
L . C. L a t h r o p . O s c a r B. Sm i t h , j . h .O l i p h a n t -
N e w Y ork,
Lathrop, Smith & Oliphant,
B IL L 8 OF E X C H A N G E , L E T T E R S O F CREDIT,
T E L E G R A P H IC T R A N S F E R S OF M O N E Y ON
LO N D O N , P A R IS . M EXICO . C U B A , &c„ &c.
3 7 B R O A D S T ., N E W Y O R K ,
6 P A C I F I C A V E ., C H IC A G O .
K O IJ N T Z E
Ca p i t a l , t »,000,000.
B i l l s o f E x c h a n g e D r a w n o n t h e Cltjr
B a n k , L im it e d , L o n d o n .
A ct as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers’ letters of credit In pounds sterling A dollars
Commercial and Travelers’ Credits.
Bills of Exchange.
Cable Transfers.
AND
A l e x a n d e r Ba r in g .
Member N . Y . Stock Exoh’ge
C A P I T A L , 9 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.
J. Kennedy Tod & Co.,
B R IT IS H
CORRESPONDENTS OP THE
BANKERS
T H E N E W YORK
Produce Exchange Bank.
C o .,
* N o . 32 N a s s a u Street, N e w Y o r k .
P a r t s H o u s e —M U N R O E
BROAD STREET,
N e w Y o rk .
On S E L IG M A N B R O T H ER S , London.
S E L IG M A N F R ER ES & CIE, Paris
S E L IG M A N & BTKTTHK1MKR, Frankfurt.
A L S B E R G , G O LD B E R G & CO., Amsterdam.
A L T M A N & S T E T T H K IM E K , Berlin,
Payable In any part o f Europe, Asia, Africa, Ausalia and America.
_ .
Draw Bills of Exohange and make Telegraphic
Transfers of Money on Europe and California.
COUNTY B AN K ,
“ L IM IT E D ,”
23
Issue Letters o f C redit fo r Travelers
B A N K E R S , LO N D O N ,
M ANCHESTER
E T H E L B E R T W ATTS, secretary.
Board of Directors—William Brockie, George 9.
Pepper, Morton MdMichael, Wharton Barker. Henry
" , Gibson, T. Wlstar Brown, Isaac H . Clothier.
Advisory Committee o f Stockholders.—William
otter, George m Troutman, Gustavus English,
'iliiam Pepper, M. D„ Thomas Dolan, John G.
Reading, Joseph E. Gillingham, John Wanamaker,
Henry E. Smith, Craige
Lipplncot.t, Hamilton
rx.stop ciavion Kronen. Francis Rawle, William
Wood. W alter Garrett.
. & W . Seligman & Co.
B A N K E R S,
Available In any part o f the world, In F r a n c s for
use In Martinique and Guadeloupe, and in dollar, for
use In this country, Canaria, Mexico and West Indies.
Make telegraphic transfers of money between this
country. Europe and British and Danish W est In
dies. Make collections of drafts drawn abroad on all
points In the United States and Canada, and of
drafts drawn In the United States on foreign coun-
F o i l p a id .
or on Cei till cates..
Buys ana sells Bills o f Exchange, drawing on
Baring Bros. & Co., London; Perier Freres et Cie,
Pari.; Mendelssohn & Co., Berlin, and on Paul
Mendel-sohn Bartnoldy. Hamburg.
Negotiates Securities, Railroad, State, Municipal,
etc.
Offers for sale first-class Investment Securities.
Particulars and terms on application.
w i i .j. i a m B K oC K lK , President.
W H A R T O N B AR KE R, Vice-President.
H K N K Y M. H O Y T. J r ., Treasurer.
ISSU E T R A V E L E R S ’ CR ED IT S, available In all
parts of the W orld, through
iHeeers. N . IN, R o t h s c h ild A S o n s, L o n d o n .
“
de R o t h s c h ild Brow ., P a r i s .
“
M . A . d e R o t h s c h ild A S o n s, F r a n k »
to rt o\.m .
S . M-. d e R o t h s c h ild , E sq ., V ie n n a .
AND T H E I R C O R R E S P O N D E N T S .
Draw Bills of Exchange on, and make Cable Trans
fers to, England, France and Germany,_____________
I N STERLING,
S T R E E T .
CONDUCT* A G E N E R A L B A N K IN G BUSINESS
A llow » interest on cash deposits, subject to check
RANKERS,
N o . 12 P i n e Street,
I s s u e C o m m e r c ia l A T r a v e le r s 1 C red its
J
C R E D IT 8 .
August Belmont & Co.,
Brown Brothers & Co.,
C IIE S TN U T
f'n p it n l, 8 2 . 0 0 0 , 0 0 0 .
A T T O R N E Y S A N D A G E N T S OF
P A R IS .
F H IL A D E L P H I A
THE
I N V E S T M E N T CO.
o f Philadelphia.
BROTHERS,
BANKERS,
120 B k o a d w a y , Equitable Building, New York
B A N K E R S A N D BROKERS,
Members New York Stock Exchange, New York
Cotton Exchange, and Board of Trade Chicago.
L E T T E R S O F C R E D IT A N D
C IR C U L A R NOTES
Issued for the use of travelers In all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
places In the United States. Deposits received sub
ject to check at sight, and Interest allowed on bal
ances. Government and other bonds and Investment
«ecuritles bought and sold ot e ®mls»ion.
St
e w a r t
B
STOCK
r o w n
’s
S
ons
,
BROKERS,
(¡4 B r o a d w a y A 19 N e w S t., N e w Y o rk .
THE CHRONICLE.
A p r il 28. 1887.J
ill
%atthecs attfl Evotiers in fjctw 'gerii ©ittj.
H . L. Horton & Co.
54 and 56
BROADW AY,
N ew
Y ork .
B A R T H O L O M E W HO U SE, 1 LO N D O N .
B A R T H O L O M E W L A N E .S 1
"
Special Attention G iven to A m e ric a n
S e c u rit ie s .
Solicit Accounts and Orders for the Purchase and
gale of Bonds, Shares, Ac., Ac., on Commission, *n
New Fork, Boston, Chicago, London or Paris,
Interest allowed on deposits subject to drafts at
sight.
Members of the New York and Boston Stock E x
oh an« es and o f the New York and Chicago Produce
Exchanges.
Private wires to Chicago, St. Paul, Boston, H art'
ford, Buffalo and Utica.
18 W A L L a n d 3 N A S S A U S T R E E T S
NEW YORK.
T ransact a G en eral B a n k in g B u sin ess
D E A L E R S IN G O V E R N M E N T , M U N I C I P A L A N D
R A IL R O A D S E CU R IT IE S.
D E M A N D D EPO SIT AC C O U N T S R E C E IV E D
IN T E R E ST A L L O W E D O N D A I L Y B A L A N C E S
E. L. Oppenheim & Co,
[ESTABLISHED 1862],
B A N K E R S A N D BR O K ER S,
51 & 53 New Street and 42 Broadway.
B r a n c h O f f ic e , 91 L e o n a r d St r e e t .
Edward L. Oppenheim.
W alter Del Mar.
P a u l Sc h w a r z .
S. M. R o b e r t s .
(M ILLS
P h i la d e lp h i a Sc R e a d i n g R R . Co.
on the Philadelphia or N ew York Stook Exchanges.
No.
63
CEDAR
STREET.
m
J S T “ ” p-
B A N K E R S
AND
BROKERS,
N o . 30 P i n e Street, N e w Y o r k .
wSa&Tiir n.MrSe1 at
1
.X; Stock Exchange, for I N V E S T M E N T or on M A R G IN , all classes o f Stocks
and Bonds, and allow Interest on deposits, subject to
check at sight.
B A N K E R S AN D BRO KERS,
N o . 10 W A L L
S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all
Exchanges.
Especial attention given to supplying high-class
bankers
N o « . 33 A
0 6
Co.
B A N K E R S ,
18
W A L L
S T R E E T ,
N ew Y o rk .
*P*®j*l attent
to consignments of Bullion
and make liberal advances on same when deslredi°n
Ha
p. „ Ä
aW aiston H. Brown & Bros
b a n k e r s
.
N o . 20 N A S S A U S T R E E T ,
N E W YO R K .
Cahoone & Wescott,
18 W a l l S tre e t, N e w Y o r k
6° » t
iL,0rderB ^ ^
NEW
Secwitiee Listed or
YO R K STOCK E X C H A N G E .
Special Attention given to
J 3 o o d t i*
M cU c F tau
11
W ALL
STR EET, N E W
YORK,
STREET.
f l H T f iA f i n .
iL t.
YORK.
B r a n c h Of f ic e s : j ifR FK a£ v;;,N ?w York.
*iih
I 0o9 loth St., Washington, D.O.
Buy and sell on commission all classes o f Railroad
Securities; also Grain and Provisions.
rrlvate telegraph wires to Philadelphia, W llm ington, Baltimore, Washington, Bridgeport, N ew
Haven, Boston and Pittsburg.
A . Dutenhofer,
RRO KER
AND
M IL L S B U IL D IN G (8d Floor,)
Rooms 25 & 26
35 W A L L S T R E E T .
B A N K E R S ,
S T A T E A N D C IT Y BO N DS OF G E O R G IA A L S O
S E C U R IT IE S OF T H E C E N T R A L RR. A B A N K
ING CO. OF G E O R G IA , A S P E C IA L T Y .
*
Investors wishing to buy or sell are Invited to oall
to a?)1ordP° ntl‘ Prompt and P01,80“ **1attention given
58 B r o a d w a y , cor. Exchange P la ce , N . Y .
Bran ch OfHce, 241 L a S a lle St., Chicago.
Wood, Huestis & Co.,
&
C
O
h
T R A N 8 A C T A G E N E R A L B A N K IN G BUSINESS,
IN C L U D IN G T H E P U R C H A SE A N D S A L E OF
STOCKS A N D BONDS FOR C A S H O R ON M A R
G IN . B U Y A N D SELL IN V E S T M E N T SECU RI
TIES. IN T E R E S T A L L O W E D ON DEPO SITS
SUBJECT TO CH ECK A T SIGH T.
P . 0. Box 447.
D. A . BOODY.
C. W . M c L e l l a n .
Reuben L e la n d .
31 P I N E
STREET, N E W
BANKERS
AND
YORK,
BROKERS.
SUCCESSORS TO
WOOD
&
D A V IS .
Execute orders in all securities listed at the New
fork Stock Exchange. For Sale:
ow
_
F ir s t M o r t g a g e Bo n d s .
G E O R G E C. W O O D . O. H .H U ES T 1 B. L. M. S W A N .
Douglas & Jones,
U N I T E D B A N K
B U I L D I N G ,
W a l l Street, c o rn e r B r o a d w a y .
STOCKS, B O N D S < C O M M E R C IA L P A P E R .
&
Stocks and Bonds bought and sold on commission
at N ew York Stock Exchange. Advances made on
buainesw paper and other securities
W m . v . Ca r o l i n ,
C h a r l e s F. Co x .
Member N .Y . Stock Exchange.
Carolin & Cox,
B a n k e r s and Commission sto c k B ro k e rs ,
NO. 56 B R O A D W A Y ,
Branch Office, 315 Madison Av.,cor. 42d St.,NewYork.
Deposits received subject to check at sight, and in
terest allowed on daily balances. A ll stocks and secur
ities dealt in at the N .Y . Stocu Exchange bought and
sold on commission, for cash or upon margin.
Simon Borg & Co.,
N o . 17 N A S S A U S T ., N E W Y O R K ,
DEALERS IN ALL KINDS OF
feorernment * other Investm ent Bonds iia ilro a d and Investm ent Securities.
Correspondence Solicited
BROKERS,
D ealer In Miscellaneous Securities,
B AN K ER S,
¿ S U g g y » * BondB’ state’ 0 1 ,1 7and Mnnl01 4
AND
Members N . Y . Stock Exchange.
A . M. K id d e r . W a y l a n d T r a s k . H . J. M o r s e .
w . c. H i l l .
Y o rk
t0 check at 8lght and
BANKERS
Prince & Whitelv,
,
35 N a s s a u St., N e w
i .H. W a g g o n e r
N o . 64 B R O A D W A Y , N E W
B u y a n d Sell In v e stm e n t S ec u rities.
Chrysue & Janney,
F . c. H o l l i n s . B. H . E m e r s o n ,
Ja m e s W h i t e l y h . C r u g e r Oa k l e y .
_
Ma y n a r d C. E y r e ,
H e n r y H . D o d g e , Washington, D. 0.
W m . R. T ravkhcj , Special Partner.
N o . 30 B R O A D S T ., N E W Y O R K .
Stocks and Bonds Bought and Sold on Commission
for cash or on margin.
Special attention given to Unlisted Securities.
Deposits received subject to Check at Sight.
Correspondence Solicited.
Buy and sell on Commission, for cash or n a rg ls.
change1111' 08 dea4 ln at Hie N ew York Stook ExInterest allowed on dally balances.
All deposits subject to check at sight.
Particular attention to orders by mall or telegram.
3 46 _C L A R K
Transact a General Banking Business, Including
the purchase and sale of STOCKS and BO N DS for
cash or on margin
Y o rk .
IN V E S T M E N T S .
AND
B A N K E R & BROKER,
BR OKER S,
F IR S T -C L A S S
IN V E S T M E N T S E C U R IT IE S .
N o .
BANKERS AN D
Connected by Private W ire with main office. New
York.
D E A L E R S IN
John H. Davis & Co., Frank C. Hollins & Co.,
W e solicit correspondence.
N o . 6 W a l l Street, N e w
K. Sistare’s Sons,
16 Sc 18 B r o a d Street, N e w Y o r k .
131 S o u th T h i r d S treet, P h i la d e lp h i a .
a“-"™
Dickinson & Ailing.
"• S i S ' Ä T ä M «
works, gas works and other first-class corporations.
Townsend & Washburn,
Geo
In addition to a General Banking Business, Buy
ind Sell Government Bonds and Investment Securi
ties.
placing of first mortgage bonds of railroads, water
w T o w n s e n d . v L a n s i n g C. W a s h b u r n .
Member N.Y. Stock Exchange.
J h o , P . T o w n s e n d , Special Partner.
We solicit orders for the purchase or sale of any o f
the securities of the
BANKERS,
S E C U R IT IE S .
£• S ’ §MITH>1Members Consolidated Stook and
8. W . Sm it h . [ Petroleum Exchange. New York
C o u rt, N e w Y o r k .
Private telegraph wires to Chicago, Boston, Phils,
del phia and Baltimore.
Gilman, Son & Co.,
W e make a specialty of the buying, selling and
Twenty rears’ experience in Railroad Bonds. Pat
ties desiring to buy or sell Uncurrent Bonds wU
please communicate.
Stocks bought in Fractional Lots or otherwise
either for Cash or on Margin.
N o . 31 N e w Street a n d N o . 1 E i c h u n g .
G IL E S E. T A IN T O R .
G EO. H . H O L T
G. D. L ’H U IL IE R .
B U IL D IN G ,)
Fred. H. Smith,
BANK ERS AND BROKERS,
T R A N S A C T a G E N E R A L B A N K IN G business.
D EPO SITS received and IN T E R E S T allowed on
balances.
*'
Buy and sell G O V E R N M E N T , M U N I C I P A L and
R A IL R O A D Securities.
Private telegraph wires to Provldenoe and Boston
Roberts & Schwarz,
IN V E S T M E N T
J. H e r o n Cr o s m a n
Lockwood & Crosman,
BANKERS,
N o . 11 W a l l s t ., € o r . N e w , N e w Y o r k .
H . B. Hollins & Co.,
BANKERS,
F . M. L o c k w o o d ,
Tain tor & Holt,
So u t h e r n S e c u r i t i e s a Sp e c i a l t y .
73 Broadw ay,
13 N e w Street.
(Members of the N. Y . Stock Exchange.)
Buy and sell Stocks and Bonds for cash or on marsolicited eSt a^ ° ^ ” gd deposits. Correspondence
0d
, J O H N F. D O UG LA S,
O f the late firm of £>awson, Douglas A Co.
T
W I L L A R D H . JONES?
Late o f W.S.Lawson A Co.. Member N. f Stock Excb.
J . L. Robertson,
B O N D AM D S T O C K R R O K E R ,
D ealer In Investm ent Securities,
No. 7
NASSAU
STR EET,
(Continental National Bank Building,) ’
___________
New
Y o r k . ________________
R. J. Kimball & Co.,
[Established in 1865.]
BANKERS A N D
BR O K ER S,
16 A 18 B r o a d Street, N e w Y o r k ,
Members of the New York Stock Exchange and of
the Philadelphia Stock Exchange.
R o b e r t J. K i m b a l l .
A lfr ed b . L o un ebe r b y
THE CHRONICLE.
IT
J'Voii, X L IY
'fÿ&uk&t Saulitrs and 'ftxoktxs Out of JJtxu ^ovlt.
NEW
BANKS,
Bank o f Buffalo,
B U F F A L O , N. Y .
8. S. JEWETT, Pres.
W m . C. C o r n w e l l , Cash’r.
Capital. ...$300,000 1Kurplns ....... «¿50,000
This Bank has superior facilittes*for making Col
lections In and out o f the city on the most liberal
terms, and with careful attention to the best inter
ests of Its correspondents.
. , _
.
, ,,
Correspondents :—Importers’ & Traders N a
tional Bank and Chemical National Bank, New York;
Merchants' Loan & Trust Co., Chicago; Union Bank
of London, London.
j . b . A l e x a n d e r , Pres.
A . A . A l e x a n d e r ,’ Cash’r.
Texas National Bank,
SA N A N T O N IO , T E X A S »
C O L LE C T IO N S A N D
IN V E S T M E N T S
W. T. B l a c k w e l l , P re st.
Irving A . Evans & Co.,
53
S to c k s a n d
B ANKERS,
N . C»,
Pay Special A tten tion to Collections.
F IR ST -C L A SS F A C IL IT IE S .
New York Correspondents.—The National Park Bank
and Seventh W ard National Bank.
H . Ga r d e s ,
e . P. H il l ,
R .A . G i k a u d ,
President.
Vlce-Pres’t.
Cashier.
CONGRESS
&
C O .,
MERCHANTS
Circulars and information on funding the debts of
Virginia and North Carolina fre e o f cost; one-eighth
per cent charged for funding. Southern Railroad
and State and City Bonds bought and sold.
B A L T IM O R E .
B o n d s B o u g h t a n d S o ld
In a ll M a rk e ts.
Brewster, Cobb
& Estabrook,
35
COM MISSION
R IC H M O N D , V I R G I N I A .
STREET,
BOSTON.
P . A . W i l e t , Cashier.
DURHAM,
STATE
BRANCH
AND
M E M B E R S O F BO STO N, N E W Y O R K A N D
P H I L A D E L P H I A STOCK E X C H A N G E S .
No.
The Bank of Durham,
THOM AS
BANKERS
B A N K E R S A N D BROKERS,
No.
MADE.
Correspondence invited.
SOUTHERN.
ENG LAND .
STREET,
Wilson, Colston & Co.,
B A N K E R S A N D BROKERS,
(M em b ers o f B a ltim o re Stock E x c h a n g e ),
B A L T IM O R E .
(IN V E S T M E N T and S O U T H E R N S E C U R IT IE S a
Correspondence solicited and information fur
nished.
N . Y . Correspondents—McKim Brothers A Co.
BOSTON.
MEMBERS OF T H E
NEW YORK AND
B O STO N STOCK E X C H A N G E S .
ALSO,
Robert Garrett & Sons,
D e a le rs In M u n i c ip a l, State, R a i lr o a d
a n d U n it e d States B o n d s .
Jo s h u a W il b o u r ,
C h a r l e s H . Sh e l d o n , J r
B e n j a m i n A . Ja c k s o n , W i l l i a m B i n n k y , J r .
BANKERS,
7 SOUTH STREET,
B A L T IM O R E ,
No.
T R A N S A C T A G E N E R A L D O M ESTIC
F O R E IG N B A N K I N G BU SIN E SS .
AND
Commercial National Bank, Wilbour, Jackson & Co.,
H OUSTON, TEXAS.
Capital ....................................................
Collections receive our special attention and are
promptly remitted for.
J. G. Fletcher, (
President.
STATE BANK,
B A N K E R S A N D BR O K ER S,
N o . 52
) C. T. Walker,
Cashier.
\ Incorporated 1875. j
German National Bank,
1VEYBOSSET
P R O V ID E N C E , R . I.
Dealers In Commercial Paper. Government and
other first-class Bonds and Securities and Foreign
Exchange.
Private Telegraph W ire to N ew York and Boston.
B. E. B u k k u s s , Pres’t.
A . K. W a l k e r , Cashier.
First National Bank,
W IL M IN G T O N , N. C.
Collections made on all parts o f the United States.
M ERCH ANTS’ N A T IO N A L
W ESTERN.
P E N N S Y L V A N IA .
Chas. H . Potter & Co.,
In v e s tm e n t B a n k e r s , C le v e la n d , O h io .
Sp e c i a l t i e s : Town County and City Bonds: Lake
Superior iron Mining Stocks, “ Republic,” “ Cham
pion,” “ Cleveland” and “Jackson.” St r e e t R a i l
w a y s — Denver City Street Railway Co., of Denver,
Col.; Street Rahway Co., of Grand Rapids, M ichj
Metropolitan Street Railway, of Toledo, Ohio,
E S T A B L IS H E D 1871.
317
O LIV E
Railroad, Municipal and other desirable Invest
ment Securities for sale.
Transact a general banking business. A llow Inter
est on deposits.
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
Narr
&
Ger lach,
B A N K E R S A N D B R O K E R S ,
No. 437 C H E S T N U T S T R E E T ,
P H IL A D E L P H IA .
Members of the Philadelphia and N ew Y ork Stock
Exchanges.
Cable Transfers, Bills o f Exchange and Letters of
Credit.
Rea Bros. & Co.,
425 W o o d S tr e e t, P it t s b u r g , P a .
MEMBERS
YORK.
ST . L O U IS .
N . W . Harris &
Co.,
AND
N o . 18 W a l l Street, N e w Y o r k .
Hamilton
&
Bishop,
B A N K E R S A N D B R O K ER S ,
BROADW AY,
NEW
YORK.
(Members New York Stock Exchange.)
Accounts of Banks, Bankers and others received.
Interest allowed on balances. A strictly Commission
Business in the purchase and sale of stocks and bonds.
Private Telegraph W ire to Albany.Troy, Syracuse,
Rochester, Utica, Buffalo, Cleveland and Chicago.
Draw on City Bank of London in amounts to suit.
Special attention given to Securities for investment.
C H IC A G O and B O S T O N .
H . L. Grant,
D O M no o f Counties, Cities, Ac., of high grade a
D U I N U o specialty. Send f o r D e s c r l p i lv e L i s t s .
NO.
1 4 5
B R O A D W A Y ,
NEW
SOUTHERN.
Son,
&
BROKERS,
Stocks and Bonds Bought and Sold on Commission
Particular attention given to information regard*
ing investment securities.
T ow a Loan A Trust Co. 6 per cent Debentures
bought and sold.
No. 9 6
YORK.
C IT Y R A IL R O A D STOCKS & BONDS
BOUGHT AND
ATLANTA.
SOLD.
See Quotations o f City Railroads in this paper.
Humphreys Castleman,
B R O K E R A N D D E A L E R I N A L L K IN D S OF
S E C U R IT IE S.
Bonds and Stocks bought or sold on commission;
Georgia and Alabam a Securities specially dealt In.
Correspondents: Tobey & Kirk and A . Dutenhofer,
New York.
._
.
, References : Atlanta National Bank, Atlanta, Ga.,
and Fourth National Bank, New York.
R. T . Wilson & Co.,
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 ,
2 E x c h a n g e C o u rt
C. W . Branch & Co.,
N e w Y o rk .
J. P. Gayle,
REAL
B A N K E R S A N D BR O K ER S,
A N D D E A L E R S I N F O R E IG N E X C H A N G E ,
BROKER,
S T ., N E W
H . Dewing
BANKERS
S T R E E T ,
E. W . Clark & Co.,
B A N K E R S A N D BR O K ER S,
AND
18 B R O A D
H i r a m d e w i n g . Cl a r k d e w i n g , f . t . B o n t e c o u
(M ember o f N . Y. Stock Exch.)
P. F. Keleher & Co.,
Dealers in Western Securities and Local Bonds,
Stocks and prime Commercial Paper.
N o . 35 S o u th T h i r d St., P h i la d e lp h i a .
BANKER
Transacts a general Banking business. Including the
purchase and sale of stooks and bonds for cash or on
margin.
BANK,
R IC H M O N D , V IR G IN IA .
Collections made on all Southern points on best
terms, prompt returns.
J O H N P . B R A N C H , President.
John F. G l e n n , Cash. F r e d . R. Sc o t t , Vlce-Pres’t
C. J. Turner,
(16 Years’ Membership in the N .Y . Stock Exohaage.)
16 A
L IT T L E R O C K , A R K A N SAS.
C a p it a l ( P a i d I n ) • - - - - «2 0 0 ,0 0 0
Prompt attention given to all business in our line.
N . Y . C o r r e s p o n d e n t s . - I mporters’ & Traders’
National Bank and National Bank of the Republic.
ffit x im jc ia l.
STREET,
ESTATE
AGENT,
F i r s t A t ., bet. 1 9 th a n d 2 0 th Streets,
U p stairs, opposite Berney National Bank.
B A N K E R S A N D B R O K ER S.
B IR M IN G H A M , A L A B A M A .
St a t e B a n k B u i l d i n g .
R I C H M O N D ,
VA.
N ew York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to N ew York, Boston, Philadelphia,
Baltimore and Washington.
Private wires connecting with Washington, Balti
more, Philadelphia and New York
.... u
N ew York correspondents, Prince A W hitely
P .IT T S B U R G , P A .
ESTABLISHED 1871.
A . L. Hartridge,
V a lu a b le su b u rb a n tracts o f la n d in bodies of
_____ _
ten to eigh ty ac re s each.
The Investors’ Agency,
240 L a S a lle St., C h ic a g o , 111.,
Whitney & Stephenson,
B A N K E R S A N D ;B R 0 K E R S ,
N o . 57 F O U R T H A V E N U E .
Oldest Pittsburg;members N._Y. Stock Exchange,
SAVAN N AH ,
G A .,
(M. L.
!.
■
SCUDDER, Jr., P rop rietor,}
A N S W E R S IN Q U IR IE S CO N C E R N IN G
S E C U R IT Y
B R O K E R .
A m e r i c a n S t o c k s a n d S e c u r itie s .
B u rs and sells on commission all classes o f 8tecks
L it Library o f Railroad Documents.
and Bonds.
Competent Experts.
„_
Negotiates loans on marketable seourities.
Confidential Reports,
N ew York Quotations furnished „by private ticker >
Moderate Chargee•vary fifteen minutest.
THE CHRONICLE
A p r il 23, 1887. J
J&pctial Sttujestrajetits.
special Jtxtrsstroeuts.
Richmond & Alleghany
Texas & Pacific R R . Income and Land
Grant Scrip.
SUCCESSORS TO
New Orleans Pacific R R . Land Grant
Jarvis, Conklin & Co.,
C IT Y ,
C a p it a l P a id U p
-
■
¡F in a n c ia l.
Mahoning Coal Co. Stock.
J arvis- Conklin
Mortgage Trust Co.,
KANSAS
V
Bonds.
MO.
$ 1 ,000,000
Defaulted R ailroad Bonds.
O F FIC E R S:
B A H I l i E L ITT. J A R V I S , P r e s ’ t.
T O B E Y
E D W I N E . W I L S O N , 1st V lc e -P r e a ’ t.
H E N R Y P . M O R G A N , 2 d V lc c -P r e s ’ t.
&
K I R K ,
4 AND 6 BROAD
NEW
R O L A N D R . C O N K L I N , Sec’ y.
A IM . F . S H E L L E Y , T rea a’ r.
G E O . W . H c C R A R Y , C o u n s e l.
STREET,
YORK.
R A IL R O A D
K R W I N D A V I S , C h a ir m a n .
TO T H E H O L D E R S O F S U B S C R IP T IO
C E R T IF IC A T E S F O R P R E F E R R E D
AND COMMON STOCK
OF
A L L OF T H E
R A IL R O A D
N ew Y o rk
S IX P E R C E N T D E B E N T U R E S ,
IS H E R E B Y G IV E N that the C E N T
C O M P A N Y F N E W Y O R K is n ow
prepared to receive the remaining payment of Ilf tv
l5(X per cent on subscriptions due May 5,1887, and
deliver regular certificates o f common and pre
ferred stock to subscribers eleoting to anticipate
such payment.
W M . C. N O Y E S ,
E.
N o . 49 W A L L
BROOKLYN.
, 0
0
Stocks
and
Bonds,
&. D E C A T U R
RR.
66 E x c h a n g e P la c e , N e w Y o r k ,
B A N K E R S A N D BR O K ER S.
IN .
Farm Mortgages
8EE G A S Q U O T A T IO N S I N T H IS P A P E R .
Gas, In s u ra n c e , B a n k s , C it y R a i l r o a d s .
nPe.n
.?A9r hat published Mondays.
’
4•
W I N r u i M G H A i H . 3 « P in e S t.. N . Y .
Member ^®solidat.edStock ¿ Petroleum Exchange.
_________ Member N. Y. Produce Exchange.
KANSAS
In
Sams o f $100 and Upwards on
Indiana and Ohio Bonds.
N O T H IN G S AF ER . A L W A VS P R O M P T L Y P A I D
SEND FOR P A M P H L E T .
J'OS. A . M O U R E ,
84 E a s t M a r k e t St., I n d ia n a p o l is , I n d .
8 % LOANS.
&
K N O X 'S
KANSAS
IN V E S T O R S ’
the 8 £ ^ ° c l M b o f seciirit^67
“ “ i17 P e r c e n t interest w h e n yo u can as e a sily ge t 8 p e r cent on
I f a 6 p e r cent lo a iff^ m a d e a
8 ve\ ^ J ^ e s t i n d is brin g in g that in this Stlte“
eent loan is m ade a
if® a 8(i con(i m o rtg a g e is tak e n fo r the other 2 pe r cent, a n d i f a 7 tier
g et the usual commission.d W k y ^ t l l t tfe e
h h6C « p e r c<3nt’ ?pd in a,Jdkiou
is the c h a ^ a c t e r ^ A h e ^ l o a n ^ ^ ^ ^ 0
to * 3’0 0 0 ;
In v e s tm e n t
“ gents
^S k a rau tei^ p o ssib le
tim e ;
KNOX,
K . A . L A N C A S T E R Sc C O i
______________ l O W a l l «s t r « w .
Interest, JiiMitlends, &c.
No. 63 W i l l i a m St ., N e w y o k k , March 80,’ 1887.
w atR
'USu?i^“i^f'rnri3r d‘ vidynd of O N E A N D O N E C E N T on the Capital Stock of this Comi8S7y’ti2?r,«fcaniw 8 day <i«ciared, payable May 2.
th
rn .*
v
stockholders of record on that date.
a „2}f 1 an*fer Si1 1 will be closed at 3 o’clook P.M ..
tf
®1 8
Mav
May 8,1887. WiU b® ,’®^RP?,?ed H O LS,
E. T. NIC 10 O’clock A . M „
O F F I C E H O M E S T A K E M IN IN G CO.
^B^ApriUb?lto7.NO
’
B rok ers,
to five yearn
T o p e k a , K ansas.
“
BKüAD 0TIUC1CT’ kJtw
D I V I D E N D NO. 105.
r.3’£ s .j® ,ra,ar Monthly Dividend—T W E N T Y (20)
i,bA er 8 re _»
jLa
ha2 be,en declared for March, paythe office of the Company, San Francisco, or
1JL, rr1 ran8fer Agency in New York, on the 25th
inst. Transfer books close on the 20th.
L O U N 8 B E K Y a CO., Transfer Agents.
0 F P * C®
O F P U L L M A N ’S P A L A C E
v
C A R C O M P A N Y , Ch i c a g o , April 20,1887.
_
D I V I D E N D No. 81.
„ ^ b ® asaal Q U A U T E K L Y IM V ID E N D of T W O (2)
P E R CENT on the capital stock of this company
from net earnings, has been declared, payable May
Mavt09 8i£k7 b0 c ers
r®coi d “t close o f business
“ pen m I v 1 7 ,1 8 ^ * ** b° ° kS close May 2 « « » « _____ _________A . S. W E IN S H E IM E R , Secretary.
Q F F I C E O F T H E O N T A R IO S IL V E R
M IN IN G C O M P A N Y , m i l l s B u i l d i n g , 15
Broad Street, New York, April 22,1887.
D IV ID E N D N o . 131.
The Regular Monthly Dividend of F IF T Y CE N T S
P®f share has been declared for March, payable
attbe office of the Company, San Francisco, or at
the transfer Agency in New York, on the 30th Inst.
Transfer books close on the 25th inst. '
L u U n s r e r Y & CO., Transfer Agents,
DENVER
Sc k I O
R
GRANDE
R A IL R O A D C O M P A N Y .
G U ID E ,
t l o n a f Guarantei?ir s3« ^ pt.*2i!? i or investors, bu t th e o n e, a n d th a t is o u r U n c o n d lleudnr on date of in a iu r ity ^ fr e e ^ f * c o s t * n ** In te re st a a d P lin c iP a l collected and rem itted to
&
Issue limited to $1,568,000. Principal due 1014.
New York January and July.
£iu?p*til6* . ?b*
Standard gauge. Steel
rails- kirst-class equipment.
n l w v S M i n ™ “ a *>££*
the through line from
*[®ii . ; ork to lam p a, 1 ion da, over which the Cuban.
oarried. W e recommend these bonds as
a, ,ar(ie and rapidly increasing through
a
.
usln®
,sa* t’rice, par and accrued interest,
pamphlets and copies o f mortgage furnished.
A
Containing the Compiled Laws o f Kansas rela tin g to the M ortgage Contract
and Taxes; References and F u ll Inform ation about
w
Onr Method o f Loaning,
| .H O D G E S
(8 1 2 ,0 0 0 P E R M I L E ),
JA C K SO N V ILLE T A M P A & K E Y WES1
R A IL W A Y COMPANY.
TH E
SEND FOR
HODGES
#
Assistant Secretary.
G R O V E S T E E N Sc P E L L ,
S E C U R IT IE S
’
F irst M ortgage 0 P e r Cent Gold Bonds
0
Principal payable 1928. Interest June and Decem
ber at American Loan & Trust Co., Trustee.
Issued at the rate of (15,000 per mile.
This railroad runs through the richest mineral and
agricultural portions of the States of Georgia and
Alabama, and forms a direct Western outlet for
roads centering at Rome, Including the East Ten
nessee Virginia & Georgia and Georgia Central roads
AND ADD KINDS OF
G eo . H. P r e n t is s , W .D .P r e n t is s . W .W .W a d s h .
Memb. N .Y. Stock Exch.________L . F. Odn e y , J r .
L . M . S C H W A N , S e creta ry .
N e w Y o r k , April l i , 1887.
OF TH E
ROM E
S E C U R I T I E S ,
DEALT
0
F irst Mortgage 6 P e r Cent Gold Bonds
S T ,,
BRO O KLYN
6
of Bonds of the City of Sioux Falls, running twenty
years and bearing 7 per cent interest, will be sold
to highest bidder May 10,1887. F or particulars in
quire of
M E L V I N G R IG S B Y ,
Sioux Falls, D. T.
A LIM ITED A M O U N T OF
AND
Street Railroad
^
SALE
W E OFFER FOR SALE
GAS STO CKS
G A S
Seven Per Cent Bonds
S T ., N E W Y O R K ,
AND
208 M O N T A G U E
S. B a i l e y ,
FOR
CO M PANY.
N O ’n C E
AND
payable halt-yearly at the office of T H 3 M E R
CANTELE TR UST CO., N E W Y O R K .
These
B r o o k l y n C o m p a n ie s ’
Debentures run for Ten years, but with the
B O U G H T A N D SOLD B Y
option of redemption at the end of Five years.
They are direct obligations of the Company,
and are further secured by an equal amount of
96 B r o a d w a
Real Estate Mortgages on improved and pro
See my quotations of Trust and Telegraph Stock*
ductive Real Estate worth from three to five
In Dally Indicator and Saturday’s Evening Post.
times the amount of^the mortgages, held by T H E
M E R C A N T IL E TRUST CO., which under special
Articles of Agreement acts as Trustee for the
holders of the Debentures.
They are Issued In
S1 P I N E S T R E E T .
«
denominations of $500, $1,000 and $5,030
DEALINGS IN
These Debentures are a very desirable class
of investments for Estates and Trust Funds- I N S U R A N C E
S T O C K S
and for individuals and corporations desiring
A S P E C IA L T Y .
an exceedingly safe investment, with a com,
Cash paid at once for the above securities s or they
paratlvely high, rate of interest.
will be sold on commission at seller’s option.
Write for further Information and reference
to oar office at Kansas City, Mo., or to
Geo. H . Prentiss & Co.,
J
T ru st Co.’s Stocks. The Lake Erie & Western
This Company offers for sale at p ar and
accrued interest its
R O L A N D K . C O N K L I N , S ecretary,
E q u it a b le B u i ld in g , N .Y . C ity.
J O H N M . S H R I G L E Y , Manager,
411 W a lu u t St., P h i la d e lp h i a .
M O R G A N A B R E N N A N , m an agers,
27 C u sto m H o u s e Street,
__________ ___________ P r o v id e n c e , R . I .
_
COM PANY.
, T*1 owners o f a majority of eaih issue of bonds
®
having already given their assent to the amend
ments o f March 18,1837, the plan of reorganisation
r w i US
K
is adopted and becomes binding.
Owners o f hoods who have not yet assented should
do so on or before May 2,1887, if they desire to narttcipate in the benetlts of the reorganisation, and
assenting bondholders should at once present their
bond certificates to the Mercantile Trust Company
fo r proper indorsemeut.
v ‘jr
»w?‘i pi?nak>ry clro,ul* r? and forms of agreement can
D6 had upon &ppl cation at the Company’s office
Room 41, N o .2 W a ll Street, N ew York.
D e n v e r , Co l ., Ap ril 23,1887.
Coupon No. 33, due May 1,1887, of the 1st Mortgage
Bonds of the Denver & Rio Grande Railway Com
pany will be paid on ana after that date at the office
o f the Assistant Treasurer, 47 William Street, N ew
York.
J. W . G I L L U L Y , Treasurer.
r£ H E
A M E R IC A N
EXCHANGE
T I O N A L B A N K , 128 B r o a d w
ay
NA>
,
N e w Y o r k , April 22,1887,
A t a meeting o f the Board of Directors, held this
day, a dividend o f T H R E E A N D O N E H A L F . (8HX
P E R C E N T .on the capital stock of this bank was
declared, payable to stockholders on the SECOND
(2d) OF M A Y prox.
Transfer books close to-day and re-open May &
proximo.
D U M O N T C L A R K E , Cashier. J
THE CHRONICLE.
Tl
ffitxatxctal.
Choice
A meeting o f the Stockholders of the Illinois Cen
tral Railroad Compai y will be held at the comuany’s
office in Chicago, 111., on Friday, the seventeenth
day of June, a . D. 1887, at eleven o’clock In the
forenoon, to act upon the following propositions :
F ir s t —T hat the capital stock of the company be
Increased by a new issue of one hundred thousand
shares. Each stockholder to have the privilege of
subscribing at par for thirty-three and one-third per
cent of the amount of stock registered In his name
on the transfer books, at the close of business on
the first day o f June, A . D. 1887, and payments for
such subscriptions to be made as follow s: Thirty per
cent of the am' unt due therefor, on the first day of
July, 1887; thirty pe- cent on the first day o f August,
1887, and the remaining forty per cent on the first
day o f September, 1887.
Se c o n d —T o act upon such other matters Inci
dental to the loregoing as may come before the
meeting. The stock transfer books will be closed
from the afternoon of the first day of June. 18*7,
until the morning of the twentieth day of June, 1887.
By order of the Board of Directors.
E. T . H. G IBSO N, Secretory.
N e w Y o r k , April 14,1887.
Milwaukee& NorthernRR.Co
1st M ort. 6 P e r Cent Bonds,
1918.
IN T E R E S T
JUNE
& DECEM BER.
Issu e lim ited to $ 1 7 ,0 0 0 p e r mile.
W e offer a limited amount of the above prime
bonds. The earnings o f this road are increasing
steadily at the rate of 50 per cent per annum.
The oompany has no car trusts and no floating
debt.
For further particulars address
OP T O PE K A , KANSAS,
6 P E R CT. SECURED GOLD BONDS,
Principal and Interest payable at the
N I N T H N A T IO N A L B A N K , N E W Y O R K .
Said bonds are fully secured by first
mortgages on improved real estate in
Kansas, deposited with the
BOSTON SAFE D E P O S IT A T R U S T CO., Trustee.
They are largely taken by institutions
and conservative investors generally.
P ric e , P a r a n d Accrued In terest.
Represented by
A . D . M ID D L E T O N ,
1 0 W a l l S t r e e t , N . IT
T E R R IT O R Y OF D A K O T A ,
Office
of
To the Security Holders o f the
C lev e lan d C olum bus Cincinnati & In d ia n
a p o lis 1st 7s, 1899.
Chicago & Atlantic RR. Co.:
Cincinnati Sc Sp rin gfield (g n a r. C. C. C. &
I .) 1st 7s, 1901.
Having undertaken, at the request of the holders
of a large amount o f the securities o f the Chicago
& Atlantic Railway Company, to bring about the re
organization o f that company and to adjust the dif
ferences between it and The New York Lake Erie &
Western R R. Co., with the understanding that the
railroad of the reorganized company shall be trans
ferred to and operated by the New York Lake Erie
& Western RR. Co., we have made a contract with
The N ew York Lake Erie & Western R R. Co. with a
view to such reorganization and adjustment.
Copies of a circular setting forth the plan o f re .
organization may be obtained on application at our
office.
Holders of the securities o f the Chicag i & A tlan
tic Railway Company are requested to deposit same
with iu accordance with said circular.
D etro it M on roe & T ole d o (g n a r .L a k e Shore)
1st 7s, 1906.
C hicago Sc S o uth w estern (g n a r.R o c k Isla n d )
1st 7s, 1899.
C e d a r R a p id s Sc M issou ri R iv e r (Chi. &
N o rth w e ste rn ) 1 st 7s, 1894.
M a p le R iv e r (C h icago &
7s, 1897.
R om e W a t e r t o w n
189 1.
T e r r it o r ia l T r e a s u r e r , >
$35,800 Norm al School 4t}4 P e r Cent
Bonds,
Bearing date May 1,1887; running fifteen years:
interest payable semi-annually, on the first da, a of
January ><nd July in each year, at the Chemical
National Bank, New York City.
No bid received less than par. The right to reject
any and all bids is reserved. Envelopes containing
proposals must be marked “ Proposals for the Pur
chase of Dak ta Territorial Bonds,’’ and addressed
to the Territorial Treasurer at Bismarck, Dakota.
J. W . R A Y M O N D ,
Territorial Treasurer.
T O T H E STOCKH OLDER S OF T H E
X
ST. L O U IS FT. SCOTT & W I C H I T A R R. CO
A t a meeting of the stockholders of the above
company, held at the Mills Building on April 22, the
undersigned were appointed a committee to protect
your interes's. Inasmuch as the road is advertised
for sale on May 21, no time is to be lost, and you are
Invited to call without delay at the office of J. S.
St a n t o n , 16 B r o a d St ., for further information
and prompt action.
J . S. S T A N T O v ,
)
P . J G ■ D H A K . T , } Committee.
>0
J. H . S M A L L,
)
Staten Island Securities
S P E C IA L T Y .
Gas, R ailroad & Amusement Co. Stocks
GEO. B . R IP L E Y ,
7 N a s s a u St r e e t , N e w Y o r k , >
April 18, 1887.
T
h a v e
J
fo r m e d
a copartnership under the firm name of
E D M U N D & C H AR LES RANDOLPH ,
for the trsnsa tion o f a strictly commission busi
ness in stocks, bonds, commercial paper, collateral
loans and i> vwtmeni8 generally.
EDM UND RANDOLPH ,
Member of the New York Stock Exch.
CH AnLES RANDOLPH .
R efer to Mr. E.imund D. Randolph, President
Continental National Bank.
1st 7s,
S t. L o u is V a n d a lia Si T e rre H a u te (g n ar.)
1st 7s, 1897.
St. L o u is V a n d a lia Si T e r r e H a u te (g n a r.)
2d 7 s, 189 8.
C IR C U L A R O N A P P L IC A T IO N .
C H A S . T . W IN G ,
18
w a
S tre e t.
W ith A. M. K lD D E t & Co., Bankers,
F O R
SA LE .
The property, rights and franchises o f the Ken
tucky River Iron Manufacturing Company, consist
ing of a valuable Cbarter granted under the laws of
Kentucky and about 18,000 acres o f timber and
minoral land, situated in Powell andEstill Counties,
Kentucky. From the two furnaces upon the
property have been produced the famous Red River
Iron. A line o f railroad extends from Lexington
Junction direct to the property of the Company.
For terms and further information apply to
T H O M A S D E W IT T tiU Y LK R , Trustee,
224 South 4th*St., Philadelphia, Pa.
B E N I A M I N S T R o N G , -ecretary,
62 W illiam St., New York.
C. W . R U S S E L L , Agent,
Red River Iron Works P. O.,
_________________________________ Powell County, Ky.
P k C IF IC
R A IL W A Y
CO M PANY.
The sixth annual meet ng o f the shareholders of
this • 'ompany, for the election of Directors and the
transaction of busine-s generally, will be held on
W> D.NK D a Y, T H w ll T r t D A Y OF M A Y
next, at the principal office of the Company in Mon
treal. at 12 o ’clock noon.
The m etmg will be made special for the purpose of
1 0'iLfir ning the ease ■ th consolidated line of
.f
the Atlantic & Northwest Railway Company, ex
tending from the River St. Lawrence to Maitawam keug, known as the “ hort Line.”
2. Making provision for the construction or for
assisting in the construction o f a brioge over the St.
Mary River.
8. Authorizing the issue of bonds secured up in the
Algom Branch, considering the terms and condi
tions o f the deed of mortgage secuting the same, and
approv ng the bv laws relating thereto.
4. Acquirl .g the lease or othe wise the remainder
o f the Tine or rai way authorized to be constructed
or acqun ed by the Ontario & Quebec Railway C >in
pany, namely, f.orn Woodstock v.a London to the
Det oit River
The trans er books o f the Company will dose in
Montreal and '•
’e-» York on Tuesday, 3d May, and in
London on »to- day, 18th April, and w 1 be reopened
1
On Thursd y, 12th May next. By order of the B lard.
C tlA R L K S D .IN K W A T c iR , Secretary.
Qnb real , 6th April, 1887.__________________________
D R E X E L, M ORGAN
Sc C O .
T> G f l R G A N I M A T I O N O F T H E P H I L JAI A U E L P H I A & R E A D IN G R A IL R O A D COM
P A N Y and affiliated companies.
Notice is hereby given that the first instalment of
25 P E R C nN T of the contribution required upon the
stock and securities deposited with .Messrs. Brown
B others A Company u der tne plan of reorganiza
tion of i he above companies, is hereby called, and
will be payable on J U N E 1,1887.
The second instalment of 25 P E R C E N T is also
hereby called, and will be payable on J U L Y 1, 1837.
Payments are to be made at the offices of Messrs.
Brown Brothers & Company, in the cities of New
York and Philadelphia.
By order of the Board of Reconstruction Trustees.
JNO. B. G A R R E i'T, Chairman.
FOR
SALE.
F irst Mortgage, 6 P e r Cent, T h irty
Years, Gold Bonds,
issued by the W A T E R C O M PA N IE S at Sharon,
Penn., V i n c e n n e s , I n d . , Denison, Texas, and Pensa
cola, Fla.
:, .
, .
For further particulars apply to
W . U . G . H O P P E R Sc C O .,
P h ila d e lp h ia .
Fifth Av e n u e
H OTEL,
M a diso n S q u a re ,
M EW Y O R K ,
The Largest, Best Appointed and Most Liberally
Managed Hotel In the City, with the Most Central
and Delightful Location.
_ _
H ITC H CO CK . D A R L IN G & 00.
Bible Hotel,
AM STERDAM ,
HOLLAND.
Beautifully situated in the centre of the city, clos
to the Railway Station and the Exchange.
rate cooking. Excellent wines.
First
Moderate prices.
W . P. W E R K B R , Manager.
Massasoit
House,
S P R IN G F IE L D ,
M ASS.
T H E BE S T A P P O IN T E D H O U S E I N W E S T E R N
NEW ENGLAND.
Convenient for the tourist or business man. Near
Union Depot.
W . H . C H A P IN .
J o h n G. M o o r e .
W . k . K it c h e n ,
g
. b . Sc h l e y
Moore & Schley,
B A N K E R S A N D BRO K ERS,
TO T H E S T O C K H O L D E R S OF T H E
St. Louis & San Francisco R ailw ay Co.
The undersigned Directors o f the St. Louis & San
Francisco Radway Company respectfully request
the stockholders to send their proxies, in the name
Of D A V I D J. S K L IG M A N , to 1'. W. L I L L I E , Treasu er. Mills Building, N ew York, or to ei her of the
undersigned. These proxies will be voted to con
tinue the present careful, economical and independ
ent management of the property.
J E 8 S G SE . IG M A N ,
o f J. & W . eligman & Co.;
GEO. C O PPE LL,
of Maitland, Phelps & Co.;
J. PATON,
6 6 B r o a d w a y , B o o m 8.
u n d e r s ig n e d
Si O gdensbnrg
Si
NOT CE TO SHAREHOLDERS.
until noon April 30, 1887, for the purchase of the
following coupon bonds:
h e
N orth w e ste rn ) 1st
E sca n aba Sc L a k e S u p e rio r (C h icago
N o rth w e ste rn ) 1st 6s, 190 1.
\J
)
BISMARCK, D. T., March 28,188(5. )
Sealed proposals will be received at this office
A
O ffice of D r e x e l . M o r g a n & Co.,
23 W a l l St ., n e w Y o r k , March 16,1887.
Investments.
C A N A D IA N
Proposals for Bonds.
X L IV .
Illin o is C en tra l (M id d le D ivision ) 5s, 1921.
L A T H l i O P , S M I T H Sc O L I P H A N T ,
37 B r o a d S tre e t.
Kansas Investment Co.
o l.
^ fin a n c ia l.
fin a n c ia l.
Illinois Central R R . Co.
DUE
[V
o f John Paton & Co.
N e w Y o r k , April ll, 1887.
Frederick W . Perry,
26
BROAD
STREET,
NEW
YORK.
B r a n c h O f f ic e s :
72 W all St., N . Y .
1 U So. Third St., Phila.
Connected with
I. A . EVANS & Co., Boston.
Co r s o n & M a c a r t n e y , Washington, D.C.
E. L. B r e w s t e r A Co., Chicago.
H u b b a r d & F a r m e r , Hartford.
Private W ire Connections.
Buy and sell Stocks, Bonds and Miscellaneous
Securities on New York Exchanges; also Grain and
Provisions on Chicago Board of Trade,
Spencer Trask & Co.,
BANKERS & BROKERS,
16
and
18
B ro a d S tre e t,
N. V.
Albany, N .Y .
Providence, R I.
Saratoga.
Transact a General B a n k in g Business,
S u c c e s s o r t o J. H . L A T H A M & Co.)
U N IT E D B A N K
N o. 2 W A L L
B U IL D IN G ,
STREET, N EW YORK.
Ci’ y, County. State, Railroad, District o f Colum
bia Bonds and Foreign Exchange.
Direct Private W ires to each office and to
P H IL A D E L P H IA ,
BOSTON,
WORCESTER.
HUNT'S
MERCHANTS’
&
R E P R E S E N T IN G
TH E
W f r k l i j
IN D U S T R IA L
YOL. 44.
AND
MAGAZINE,
p e w i p a p « » ; ,
C O M M E R C IA L
IN T E R E S T S O P
U N IT E D
SATURDAY, APRIL 23, 1887.
C O N T E N T S .
T h e C hronicle.
Terms o f Subscription—Payable in Adrauce :
For One Y ear (inoludiog p ostagr).................................... $10 20
F o r Six Months
do.
................................
6 10
E u ro p e a n Subscription (in clud in g p o s ta g e )...................n
28
Annual subscription in Loudon (including postag ) . . . . . .
£ i 7s.
S ix Mos.
£ 1 8s,
do
do
do
......
These prices include the I n v e s t o r s ’ S u p p l e m e n t , of I t 0 pages,
issued once In two months, and furnished without extra charge to
subscribers of the C h r o n i c l e .
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot ba responsible for remittances unless made by drafts
or Post Office Money Orders.
A file cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
London A gen ts:
Messrs E d w a r d s & Sm i t h , 1 Drapers’ Gardens. E . C., w h o w i ll take
subscriptions and advertisements and supply single copies o f the paner
at Is. each.
W I L L I A M » . D A » A & C o ., P u b lis h e r s ,
79 & 81 W i l l i a m Street, N E W Ï O t t K . '
P o s t o p p i l e B o x 958.
CLEARING
HOUSE RETURNS.
A considerable increase in the volume of exchanges at New
York during the week ending April 16, brings the total at this
city for that period up to $764,851,991, the heaviest for any
week since January 8. There have been important gains, also,
at many other cities, in fact at most all, and the result is that
the aggregate for the thirty-four clearing houses included in
our statement reaches $1,124,255,275, and exhibits a decided
excess over preceding weeks. The business situation, so far as
current failures a re concerned, seems to b i favorable, Messrs.
R. G. Dun & Co. reporting only two insignificant suspensions
in New York for the week, while the total number in the
United Sta-es and Canada was 175, or considerably less than
the aggregate for previous weeks ; they further state that
business casualties are on the decline in every section of the
country.
1887.
STATES
NO. 1,139.
Week Ending A p ril 18.
T H E C H R O N IC L E
Clearing House Returns......... 5 9
February Net Earnings........... 514
The Financial Situation.......... 510 Railroad Earnings......... .......... 518
H ow to Prevent Treasury A c
Monetary and
Commercial
cumulations from Disturbing
Englisu N e w s....................... 516
the Money M arket............... 512 Commercial and Miscellaneous
Debts of Farm ers.................... 513
N e w s.........................
518
WILLIAM B. DANA.
JOHN G. PLOY'D.
THE
1880.
P . Cent
Week End'g A p ril 9.
1887.
P. Cent.
New V ork............... . .
Sales of—
( Stocks.......
shares. )
(C o tto n ............. hales.)
r ir a in .......... bushels. )
( Petroleum .......... bbls.)
$
704,831,991
$
593,027,448 (+29-0)
$
659,208,800 (+13-8)
(8,159.508)
(5i 18,200
(44,003,000
(19,130,000)
(1,715,474)
(811.700 '
(27,812.000
(52,908,000)
(2.340,408) (+38*0)
(4 0,400)
(22,709,000)
-34*1)
(13,718,000)
-55-8)
Boston.......... .......... .
Pr ivldence..................
H xM iord......................
New H aven .................
P o r t la n d .....................
W o -cester...................
Springfield.................
L o w ell............... .
104,318,118
4,873,100
1,721,339
1,380,494
881,375
993,338
972,408
594,481
83,130,031
4,578,801
1,074,211
1,141.04c
758,38«
909.59C
810.011
561,588
Total New England..
115,718,553
93,057,271
+23-8
08,947,373
+33-9
04,341,481
11,130,908
15,180,320
54,497.915
7,870.771
11,908,518
+18-1
+45-1
4-20-0
50,9 >1.158
8,574,959
11,514,229
4-13-7
4-9*4
+3-5
+22-8
77,040,337
+11-0
Philadelphia.
Pit sburg ....
Baltim ore....
Total Middle.
(+25-9)
H-48'7
(+58-4Î
(—63-9)
+255
+0-4
4-2-8
4-19-2
+10-2
+2-4
+15-8
+5-3
87,958,902
4,694,500
1,094,497
1,150,173
975,201
027.018
1,009,5.3
530,819
+30-8
+0-3
4-7*8
4-12-1
-100
-378
130-1
90,052,095
Total Western.
St. Lo u is......
St. Joseph...,
New Orleans.
Louisville ..
Kansas City..
Memphis... .
G alve-ton ....
Norfolk.........
78,174,043
+19-3
89,752,348
+21-1
17,135,551
1,440,048
8,491,574
5,408,030
8,472,349
1,720,083
7-15.779
648,879
Peoria...........
Omaha..........
Minneapolis ..
Denver...........
St. P au l..........
Grand Rapids.
Wichita* .......
47,559,508
+8-4
10,755,550
+121
3,192,449
+25-7
2,843,121
+25-5
1.147,795
+25-0
2.139,977
+20-8
1,501,945
4-50-4
+68-2
585,213
1,310,854 +120-9
2,353.054
+60-1
1,498.990
+78-2
2,577,505
+78-9
301,059
430-0
93,284,708
Columbus......
74,132,232
51,543.013
12,00 >,750
4,013,032
3,508,982
1,441,837
2,w47,555
2,319,857
950,448
2.987,859
3,767,150
2,596,729
4,500,158
494,438
1,018,000
Chicago..........
Cincinnati......
Milwaukee ...
D etroit.... ....
Indianapolis..
Cleveland.......
14,989,210
+14-5
618.302 +132-1
7,157,93 L +18-7
4,100.403
4-31-9
5,571,738
+521
1,482,225
4-10-5
1,413,892
—48-0
740,898
—13-5
17,555,080
1,208,855
6,859,517
5,584,830
7,884,903
2,119,170
1,105,001
68 3,035
+10-3
-4-83-5
-11-8
4-17-1
-498
-12-8
—9*2
+9-9
50,545,538
410-3
12. ¿3-,950
+25-4
8.511,802
4-10-0
8.218,098
+8-4
- h88-8
1,015,281
- -41*0
8.278,017
2,0-4,518
- -10-8
-42*5
9 1>,905 -1
0
2,911.170 4-100-4
2,730,101
4-4-7
2.831,044
+65*0
+34-2
3, <05.400
399.038
+4-0
1,220,080
1
Total Southern....,
44,059,399
36,090,659
+221
43,000,023
San Francisco..........
15,092,029
11,290,080
4890
14,785,224
+60-4
Total a ll................
1,124,235,275
880,373,813
-*-20-8
082,854,103
+16-3
Outside N ew Y o r k ..
359,403,204
293,344,8051
“f~22’0
323,585,3031
+22-5
+15-5
* Not Included In totals.
W e have received by telegraph the usual returns of ex
changes for the five days. The comparison with th -fivg days
of 1880 is very favorable, but the large percentages of increase
recorded at some p )iuts is due to the observance of Good Friday
(April 28) last year. For the week ended April 23 our com
pilation below indicates an excess contrasted with a year ago
of about 35'7 per cent. It should be remembered, however,
that owing to the virtual suspension of business at New York
When comparison is instituted with the corresponding week
on Good Friday last year clearings for Saturday were less
of 1886, the decidedly satisfactory character of the present than thirty-eight millions o f dollars.
returns is cl-arly apparent, there being a gain at N ew York
of 29 0 per cent, while the aggregate for the other cities reWeek Ending A pril 23.
Week End'g April 10.
cords an excess of 22 5 per cent. A feature of the reports of
1887.
1886.
P . Cent.
1887.
P. Cent.
late has been the phenomenal growth in exchanges contrasted
$
'
$
$
with a year ago at a number of the Western towns, yet this New Y o rk ..................... 882.171.300 470,832,502 4221 041,1*29,592 +29-7
^ t f,!8
a mt0f be * matter for wonder in the hght o f the rapid
settlement, and consequent large addition to th e ir business
“
“ P <
?gre88 ln those localities.
The most important
122 1- Srl8p e i 7«ae
° maha’
p ercen t; St. Joseph,
l l 001 I d K
;n
Ver’ per cent.
73'3 5 Pe0ria’ 68* 5 Minneapo
8
lis, 60 1, and Kansas City, 52 1
e week’s dealings in shares on the N ew Y ork Stock Ex5
»
"in [ss06 8 T
kf
^
° f $l07’778’000 against $102,-
s r j L 'i r t r ; Y„ t s , r e ahalt tims
d
r
e
through other bueinees »how a
Sales of Stock ( shares)....
Boston..................... .
Philadelphia..............
Baltimore...................
Chicago.................
8t. Louis........................
New Or eans................
(2.052.945)
73.851,917
59.248,393
12.208,049
47,90'>,000
14.388,510
0.080.327
(953,695) (+115-3)
59,041,834
+25-1
30,811,893
+00-9
7,070,459
+59-0
37,413,000
+28-0
12,090,550
+13-3
4,083,793
434-2
Total. 5 days. ......
Estimated 1 day.........
790.455,120
152,857,770
635,455,833
+25-3
68,286,079¡ +123-8
Total full week.......
Balance, Country*.
919.312.9o2
95,005,507
Total week, all........ 1,015,218,409
Outside N ew Y ork .......
353,04005-
(1,899,725) (-H8-28)
87,221.202
+27-0
53,483,404
+19-9
12,791,017
+23-9
42.490,000
+7-5
14,248,870
+13-8
0.979,014
+14-5
858,340.819
108,413,452
+27:0
+23-9
703,741,912
60,004,104j
+34-9 1,020,740,301
+47-0
92.200,850
+20-5
+20-0
770,340,010'
+35-7 1,118.9 U.151
420-4
255,795,175
+3«-(
420-7
* For the full week, based on last week’s returns
352,524.003
;io
THE CHRONICLE.
REMOVAL
day
O F T H E C H R O N I C L E O F F IC E S .
being follow ed
advantage
As the premises we have occupied so many years have
become too contracted for our rapidly-increasing business,
w e have purchased 102 W illiam Street, and for some time
past have been fitting it up for our use. The intention is
that the oontemplated alterations shall be completed the com
ing week, and that the removal o f the editoral and publica
tion offices of the C h r o n i c l e to our new building shall be
accomplished during that period.
This change, however,
involves much labor and no little confusion, and may call for
the indulgence of our friends for a few weeks, but when
effected we shall have added decidedly to the com fort and
convenience of our arrangements, and consequently to our
capacity for gratifying our readers.
W i l l i a m B. D a n a & Co.,
Publishers of the Commercial and Financial Chronicle.
(y o u X L iv ,
easy
from
rates
fo r
negotiating
loans
by
time
selling
the
time
being
to
money
in
next.
Europe
of
by
is
the
parties
or bonds, but these are clearly traceable in the exchange
market.
A t the moment the reported influences are a
ligh t supply o f bills incident to
nary demand.
the season and an ordi
D uring M ay these conditions must con
tinue, modified as they may be by stock purchases on fo r
eign account and any further loans obtained at London.
In June if the rates are high enough to ju stify the opera
tion speculative sales o f exchange in anticipation o f the
movement o f cotton are likely to be made.
The lack o f practical sense shown by our politicians at
W ashington in legislating commerce into a strait jacket, is
W e have no
doubt that the trade o f the country can be finally adjusted
Th e money market has been quiet but steady the past
week.
Tnere
abroad either upon lines o f stocks
daily becoming more and more evident.
T H E F IN A N C IA L S IT U A T IO N .
taken
so as to run in the grooves the law has made fo r it; per
So fa r as bankers’ balances are concerned, the
haps it could even be forced back to corduroy roads and
range fo r call loans has been from 6 to 3 per cent,
stage coaches, but it would be a violent wrench, precisely
w ith the average 4£ per cent, against an average o f
in kind, only different in degree, with the action o f thi3
about
6 per
cent
last
week.
This,
so
fa r
as
it
arbitrary statute. Space would fail us to note one in a
goes, indicates m aterially low er rates; but at the same hundred o f the week’s developments. Thus on a single
tim e none o f the banks confess to loaning below 6 per day we have among many others the California and the
cent, and very few o f these institutions are in the call lmin
Boston difficulties made prominent.
market, mainly fo r the reason that the condition o f the
former, the wool growers, the fru it raisers, the agricultur
W ith regard to the
reserves and the demand from regular customers prevent
alists generally, the sugar importers and consumers, the
the
quicksilver
great
One
by
feature
an
loans
m ajority
of
the
A lb a n y
on
from
week
bank
has
of
money
been
call.
producers, all apply fo r a suspension o f
the
the
fourth section ; on the other hand the Pacific coast manu
various
facturers find in that clause a protective tariff and insist
and
that the law be enforced, while from the grea t lakes of
cent fo r
four
the Northw est (w e have not heard whether N e w Orleans
months, subject to renewal, and that is about the rate
and the Mississippi R iver have served notice o f appear
paying
security,
at
m ostly
placing
on
$1,000,080
collateral,
on
bonds
dividend
stock
offering
5
per
now ruling fo r loans o f that character.
demand for money at
There is a good
per cent on stock security fo r
the remainder o f the year, but no transactions at this
rate are as yet reported.
ance in the case as yet) the Board o f Trade o f Chicago
telegraphs
in behalf o f
itself and
the merchants
of
that place wishing to be heard before decision, fo r they
Commercial paper is in re are
in
favor o f
“ suspension on Pacific
coast traffic,”
quest at 5 to 5J- per cent fo r the be3t 60 day endorsed
but only (in case everything is made lovely fo r Chicago)
bills receiva b le;
commission
“ provided rates from the great lakes and the Mississippi
to 7 per cent fo r good single names.
“ valley be made proportionally less than from the Atlantic
to 6
house names, and
for
4
months
I t is reported from W ashington that another call fo r 10
“ seaboard as has been the casein the p a st” ; and also
m illion 3 per cents w ill be made in a few days, and it is
provided in relieving that commerce the commissioners
stated that out of the $19,824,600 uncalled $16,498,900
“ protect intermediate territory now excluded from direct
are held by the national banks and $3,325,700 by in d ivi “ commercial relations with the East by ru liog that the
duals.
“ intermediate rates shall in no case be more than 33 per
The cable reports discounts o f 60 day to 3 months bank
•bills in London
unchanged at
easy at 1£ per cent and the Bank rate
per cent.
The open market rate at Paris
is 2£ per cent and at Berlin and F rankfort 2 per cent. The
“ cent higher than the through rate.”
W h a t a graphic suggestion o f K ilkenny cats and chaos
mixed, the simple grouping o f these facts conveys.
They
m erely touch one issue o f one day, not nearly half told
only important foreign financial operation fo r the week is
at that. W e must remember, too, that the machine which
the issue by Russia o f a 4 per cent internal loan of 400 m il is thus disturbing, destroying and building up industries,
lion roubles at 84, and this perhaps may explain the recent forbidding, because making it impossible, to m arket pro
m ovement o f gold to Berlin from London and Paris. There
have been
ducts, while erecting a barrier against commerce such as
rumors not quite so peaceful as fo r a short
a protective tariff fo r State manufacture affords— that
tim e back, g ro w in g out o f the arrest by the Germans o f a this machine has been constructed under a pow er in the
French commissary who had crossed the boundary and Constitution o f the United States which has always here
was on German soil. Th e importance o f the event grows tofore been supposed to authorize Congress to iacilitate (?)
out o f the suggestion that it is an attempt on the part of
intercourse between States.
Bismarck to provoke a contest.
There seems however no
decision o f the Commissioners this week a half reflection
ground fo r this assertion and probably Germany w ill soon
on the railroads that they are making this law as detestable
W e are sorry to see in a
explain the occurrence.
The Bank o f England reports a as possible. H o w unwarranted such a thought is, the
gain this week o f £201,000 bullion. A special cable to Board itself can readily see in the efforts the roads are
us states that this was made up by a receipt principally making to be relieved from the disturbing features o f the
from Australia of £23,000 and from the interior o f Great act. Besides, it does not look to us as i f the Commission
Britain o f £178,000.
stated correctly the dilemma in which the railroads are
Our foreign exchange market has been firm under the
placed or the bonds under which the act puts them to
influence o f a good demand fo r remittance and a scarcity
righ tly interpret it.
o f commercial bills.
the arbitrage
are subject to— one follow s w ilfu l disobedience, the other
houses have had no effect upon the market, buying one
follows any neglect o f a duty, or violation o f a provision of
Th e operations o f
There are two kinds o f penalty they
A
p r il
511
THE CHRONICLE.
23, 1887.]
the law; there are also tw o kinds o f prosecution they are in
favorable.
danger of— one is through the commission, w hile the other
the debt and the difficulty o f providin g fo r it.
E v e ry day’s delay adds to the
burden o f
and greater is at the suit o f each individual in the land
possible, therefore, that b y w aiting the Governm ent m ay
who is in any w ay harmed." Furthermore, the courts,
have a more stubborn and less scrupulous management
though they m ight be convinced o f the good faith o f the
to deal with, and one which may insist on d rivin g a
Is it not
railroads, could not righ tly relieve them because o f a mis bargain, not hard for the road, but fo r the Government.
taken interpretation, fo r they are to construe the law, U nion Pacific has been managed in the interest o f specu
not make it.
T o say the roads are not acting in good
faith, under such circumstances, is to g iv e the manage
lators before.
As
a result o f the revival o f industrial activity, the
ment credit fo r very little wisdom ; and among all the im m igration movement is again increasing. F o r the
accusations brought against our railroad managers we month o f February (the March figures have not yet been
made up) the arrivals were 14,317 this year, against
never heard them called fools.
W ill it be considered offensive i f
in the gentlest and
meekest way possible we suggest whether this fashion,
only 9,263 in the same month o f
which has now become so prominent among our legislators,
against 156,942.
o f fram ing laws as a sop to ignorance, is not being carried
period
with
a trifle too far.
grants,
we
U n d er the charge o f cruel exactions by
find that
and
from
the
next
with
not commerce nor justice, was the object sought.
with 23,405,
cry
o f ipown with Capitalists
Ig
Exam ining the figures fo r the latter
regard to the nationality
Corporations, this Inter-State law was patched up. Votes,
railroads, and the
1886, and fo r the
eigh t months ending with February they were 221,409,
U n ited K in gd om
51,450,
of
ths
immi*
the arrivals have been largest
(71,612),
then Russia,
Germ any com ing
Finland
and Poland
after which come Sweden and N o rw a y
there not danger that the intelligence o f our country,
19,678, Ita ly 17,914, Bohemia and H u ngary
which averages high, finding industrial interests disturbed
Au stria 10,828. The most significant fact, however, about
too much by this class legislation, may also be heard from
the m ovement is, that the increase is so general, every
before long, and that the less informed, too, w ill see the
country w ith one exception (Sw itzerland) having sent us
deception?
a larger contribution than in the same eight months o f the
Our own Legislature has this w eek sought
11,523, and
to deceive the ignorant into thinking it has done some previous fiscal year. But i f the reports now being cabled
thing fo r them by passing a bill m aking what it is over from the other side are any criterion, the present
pleased
to
call
a
labor
day
holiday
once
a
year
increase is as nothing compared with what it w ill
be.
one * Only yesterday we had the intelligence from L iv e rp o o l
objects to the holidays. In fact, through the summer that the arrivals o f immigrants en route to this country
our merchants and bankers have already instituted the had attained such proportions that extra steamers had to
custom o f closing at noon so far as their business would be em ployed to transport them, the regular vessels bein g
Reports o f
permit. A n d this law can do no more ; contracts for unable to meet the demands fo r passage.
and
a
labor
half
holiday
every
week.
No
labor w ill in time conform to this legal change, wages
a like tenor have been previously received.
w ill be less or w ork w ill be done according to trade
our experience in the past, the main feature o f interest in
demands.
this m ovem ent just now is in regard to the effect upon
Still its tendency is to do harm, especially in
country districts.
The farmer, who, between the low price
railroad traffic.
In view o f
A large proportion o f the immigrants go
fo r products and the already high price fo r labor, is suffer W est, and thus have to be transported over the trunk
in g now, may suffer from this new law further, and be thus lines, and the roads to the N orthw est and Southwest also
led to teach the country legislator that there is a limit
derive much benefit from
beyond which it is not safe to meddle w ith business affairs.
previous m ovem ent culminated in
Some one gave currency to an absurd rumor this week
that the U nion Pacific contemplated a surprise fo r the
U nited States Government.
It
was said to be the pur-
the same circumstance.
The
1883, the arrivals in
the three fiscal years to that tim e having reached over
tw o millions.
R ailroad earnings continue generally favorable.
F or
pose o f the company to build a parallel main line, link the
the second week o f A p r il we have the returns o f 52 roads,
branch system to it, and then turn over the old main
and they show a gain o f
stem thus shorn o f feeders to U n cle Sam “ as a white
the increase on 67 roads is 30 per cent.
elephant.”
o f March we have had since our last the return o f the
O f course, there was not the faintest shadow
o f truth in the rumor, and it was quickly denied.
But it
seems to us there is a suggestion in this and other like
17 per cent.
F o r the first w eek
F o r the month
Chicago & Northwestern, and this records an increase on
last year o f $348,758.
A few m inor roads have also
stories, which it would be w ell fo r the opponents of the reported net earnings fo r the same period, and these are
Pacific roads to heed. I t is this, that an early settlement of
generally v e ry satisfactory.
the debt matter is in the first degree desirable. W e have
the net fo r the
no hesitation in declaring that in our opinion there never
other
was a railroad management m ore honest than that now
over
controlling the U nion
results
entered
to
office,
bring
all
about
Pacific.
his
an
with the Government.
E v e r since Mr. Adam s
endeavors
adjustment
have
of
been
the
the
on
and
previous
the
shows
Our complete statement o f
February
only
year— ow ing
Pacific
roads.
a
appears on
nominal
chiefly
The
to
reasons
an-
increase
the
fo r
poor
the
used indifferent showing are set out in fu ll in the article.
relation s A s to the course o f earnings in the im m ediate future, it is
H e has never ceased insisting
on the necessity fo r such an adjustment.
page,
month o f
unusually difficult to form
any estimate ow in g to the
H is last annual im possibility o f determ ining in advance the effects upon
Tim e
business o f the Inter-State law. A s offsets to this depress
and again he has declared him self w illing to accept any
in g influence however we have, it is w ell to remember,
fair and reasonable proposition, even though it did not
the extrem e activity in railroad building, and also the
commend itself fu lly to his best judgment.
A n d what
possibility o f a great increase in traffic from the im m igra
Has anything been done to g iv e
Congressmen profesB
tion movement referred to above.
The stock market this w eek has pursued a zig-zag
constant solicitude lest the road g e t the better of the
course, up one day, down the next, g iv in g satisfaction
Government.
neither to the operators fo r a rise nor the operators fo r a
report is devoted almost entirely to that subject.
has the response been ?
effect to his views and wishes ?
But i f these professions be real, w hy do
they not hasten to effect a settlement when the time is so
fall.
M oney has w orked easier, but otherwise the sitúa-
THE CHEUN 1CLE.
512
[V
ol.
X L IV .
Included in the above payments were $7,500 in silver
The death o f Mr. A lexan der
Mitchell, President o f the St. Paul, was without influence coin, chiefly standard dollars.
tion remains as it was.
upon the market, it being stated that he had no specu
lative interest in the securities o f his road.
The calling o f
part of the assessment on Reading tem porarily weakened
HOW
that stock, after a previous sharp rise, but as the calling
o f the assessment was a foregone conclusion, it is difficult
to see w hy it should have surprised anybody.
N ew Y ork
& N e w England declined sharply on rumors o f the need
o f money for improvements and a proposed issue o f
more preferred stock fo r that purpose.
The coal stocks
have been the strong feature o f the week.
The harmo
nious relations that have been established between the
Pennsylvania, the Reading, the Central o f N e w Jersey,
and the Leh igh V alley,
ance
are considered o f vast im p ort,
to the interests o f all
the anthracite coal
ducers.
The follow ing statement, made up from
pro
returns col.
lected by us, shows the w eek’s receipts and shipments of
gold and currency b y the N e w Y o r k banks.
*1,341,000
1572,000
; 1,341.000
.-,»572,000
The discussion w ith regard to depositing the trouble
some Government surplus in banks designated by the
Secretary o f the Treasury as “ depositaries o f public m on ey,,r
was added to last week through an in terview with Sena
tor Allison, published in the
Herald.
Mr. A llison
does
not think the plan wise or, except in a lim ited way, feasible.
In explaining his opinion the only reason fo r it he is r e
ported to have given is that the banks could not loan the
money so deposited f or business purposes without an u nder
standing that it was not to be called fo r by the Treasury,
and that such an understanding would lead to favoritism
and speculation. W e do not presume, and o f course are not
authorized, to take this as a com plete expression o f Sena
Net Interior
Movement.
Received by Skipped by
N . Y. Bank*. ¡y. F. Bank*.
Week ending April 23,1887.
TO P R E V E N T TR E A S U R Y ACCUMU
LA TIO N S FROM D ISTURBING THE
MONEY M ARKET
Gain..
$700,000
tor A lliso n ’ s views on that point.
H e is too well inform ed
to expect to cover the whole subject in one or two brief
sentences, and his reference to it was m erely prelim inary
to his evident purpose of stating that in case any r e lie f
Th e above shows the actual changes in the bank hold measure became necessary, he preferred the purchasing
ings o f gold and currency caused by this movement to and of bonds in the open market for the sinking fund to the
Total (told and lesa! tendera......
Gain..
$769,000
from the interior. In addition to that movement the banks
have
lost
$700,000
through
the
operations
of
the
Sub-Treasury. A d d in g that item to the above, we have
the following, which should indicate the total gain to
the N e w Y o r k Clearing House banks o f gold and cur
rency fo r the week covered by the bank statement to be
issued to day. I t is always to be remembered, however,
that the bank statement is a statement o f averages
fo r the week, whereas the figures below should re
flect the actual change in the condition o f the banks
as between F rid ay of last week and F rid a y o f this
week.
Into Bank*. Out of Bank*. Net Change in
Week ending April 22, 1887.
Bank Holding*
Bankt1Interior Movement, as above
$1,841,000
5.300,000
$072,000
6,000,000
Total void and levai tendera....
$6,641,000
$6,572.000
Gain., $769,00fLoss.. 700.000
Gain..
$69,000
The Bank of England reports a gain o f £201,000 bullion
during ibe week. This represents, as stated above, £23,000 received from abroad and £178,000 from the interior.
Th e Bank o f France shows an increase o f 850,000
francs gold and o f 2,850,000 francs silver, and the Bank
o f Germany, since the last report, has gained 12,220,000
marks. Tbe follow ing indicates the amount o f bullion in
the principal European banks this week and at the
corresponding date last year.
deposit proposal.
A n y one discussing these matters ought to remember
that it is only in this alternative form and as a rem edy fo r
an impending evil, that the question as to Treasury action
has arisen.
I t is not as a matter o f personal desire that the
deposit plan would be adopted by the Secretary i f it is
adopted, or that the bond purchases w ill be made i f such
purchases are made ; but it w ill be because Congress has
left the situation so embarrassing, that a contingency
arises under which one rem edy or the other must be
used to prevent a worse complication.
The question there
fore cannot take the form ,— is there or is there not any
objection to the plan pursued ; for there are serious objec
tions to either course ; but rather as a choice between two
evils— in case the money market should become so en
tangled as seriously to in volve all business interests—
whether it is not the duty o f the Secretary to U3e the one
to relieve the situation which he thinks is at the moment
the more efficacious o f the two.
Just at present there
seems to be a possibility that the contingency feared m ay
not occur.
Iufluences are at work, aud prominent am ong
them the In ter Siate Commerce bill, so checking enter
prise that the 75 millions of new m oney which we showed
A pr. 21, 1887.
Gold.
Silver.
A p ril 22,1836.
Gold.
Silver.
&
&
A
A
21,462.607
Bank of England ... .... 24,336,479
Bank of France .... .... 47,526,446 46,087,757 51,835 909 44,729,279
Bank of Germ any......... 20,052.550 17,782.450 18.166,280 16,109,720
last
week
has been
absorbed
by
commerce in
nine
months, may begin to return and thus help Mr.
Fair-
child in struggling with his anticipated difficulties.
But
that is more a hope than an expectation, and does not
lessen in the least the need for w eighing
the remedies
Total this w e e k . . . . . . . . . 91,915,475 63.870,207 91,464,796 60.838,999
Total previous week .... 91,356,124 63.468,644 91,402.432 60,678,346
proposed.
The Assay Office paid $90,357 through the SubTreasury for domestic bullion during the week, and the A s
sistant Treasurer received the follow ing from the Custom
House.
measure the business classes look upon the suggestion o f
Consisting of—
Date.
15.
16.
18.
19
20.
21.
Total.
$503,313
376,352
487,983
691.186
463 001
494,055
37
53
50
30
23
63
$2,000
6;000
5,500
2,000
4,000
7,000
$3.015,892 61
$26,500
is
certain,
and that is that as a re lie f
an extra session o f Congress without the least favor..
Senator Allison, although like
Senator Beck he advises
the President to call Congress together, does not seem todraw much encouragement from that method, fo r he states
Duties.
Gold.
Apr.
“
«
«
“
**
One thing
V. s.
Notes.
$47,000
47,000
61,000
81,OOc
59,000
50,000
Gold
Certifies.
Stiver Cer
tificates.
$393,000
273,000
372,000
528,000
336,000
361,000
$56,000
49,000
47,000
80,000
64.000
75,000
$345,000 $2,263,000
$371,000
that if the extra session began in October a “ bill could
“ pass both Houses by M ay o f next year.”
R elief delayed
until M ay m ight about as w ell be postponed a month or
two longer, because i f it does not come before that date
the trade conditions w ill have changed so materially, as to
make a few weeks more or less a m atter o f comparative
indifference.
Besides what late session o f Congress has
A
p b il
513
THE CHRONICLE.
28, 1887.]
aa»
■encouraged confidence in the restorative powers o f that
body.
DEBTS OF FARMERS.
Its influence on commerce o f late reminds one more
Last year the
Th e condition o f the agricultural industry is always a
threatening danger and the urgency fo r relief were just
matter o f special interest, and now m ore than ever. Prices
o f a fly blister than o f a soothing syrup.
Th ere was an abundance o f agricultural products have ruled low fo r several years»
o f time at the short session to pass at least a refunding and there has as yet been no recovery o f moment. Th at
bill, one that would have taken care o f the surplus and of alone would invest an inquiry into the present status o f
as
apparent as they are to day.
the national bank currency as well.
N o progress was how-
o v e r made with regard to that or any other proposal for
the industry w ith special importance.
But at this junc
ture we have in addition the fear that the Inter-State law,
solving the difficulty, except the acts passed for scattering
through the raising of railroad rates and the consequent
the surplus by methods not at all in keeping with public
increase in the cost o f gettin g products to market, w ill
desire.
operate to place an additional burden upon producers in
And
what reason is there fo r
believing, from
recent utterances o f Senators and Congressmen, that if
the more rem ote sections.
they had the power to-day they would act m ore wisely
what is the position o f the farmer, has at present peculiar
F o r these reasons the question,
than they did then ?
Besides, even if the outlook in this particular were
interest.
Some ligh t upon the situation is thrown by a recent
The Depart
more promising, Congressional action would be slow, so report o f the Department o f A gricu ltu re.
that for the present contingency the Secretary seems to be ment’s inquiries were o f course prosecuted entirely w ith
shut in to the altern ative already presented. Keeping out reference to the effects o f the Inter-State law. In
that feature in view, and looking at the question solely as fact, the w ork was begun a long tim e ago, the present
one affecting the commercial interests of the whole coun being the second instalment of the results o f its labors,
try, is it not obvious that circumstances may arise making the first instalment— comprising the results as to the
it a duty to use both remedies ?
I t is to be borne in
mind that under the deposit plan the Secretary’s powers
are somewhat limited.
In the first place he cannot deposit
Southern
States— having
m iddle o f last year.
been
published
about
the
The endeavor of the Department is
to determ ine the extent to which farmers are burdened
w ith debt in one form or another, the changes that have
custom duties with depositary banks
in any case. Then
again, according to the view which has in the past gener occurred in this respect in recent years, and (in the case
ally prevailed, money once in the Sub-Treasury can o f cotton) how much o f the annual production is consumed
not
be
taken
“ Treasurer
out,
except
on
the
of
U n ited
States,
the
“ draft
drawn
of
the
agreeably
by the charges fo r interest and the system (w here that
prevails) o f buying on credit instead o f fo r cash.
Of
the course no exact results were possible, and consequently
Secretary o f the Treasury can transfer funds “ in the the conclusions are v e ry general and indefinite, but still
“ hands o f one depositary to any other depositary,” the data answer a useful purpose.
A s a preliminary, we w ill say that it is very easy to g e t
but only “ as the safety o f the public moneys and the con“ to appropriations
*‘ venience o f
“ require.”
made b y
law.”
the public service
To
shall
be
sure
seem to him
to
I t is questionable whether the word “ deposi-
a mistaken notion as to the extent to which the agricultu
ral interest is suffering from the depression in prices, as
“ tary ” in the above could in any event be made to cover
Compared with other industries.
bank
90 cents a bushel in N e w Y o r k the conditions fo r carry
depositaries,
which are limited depositaries, not
being allowed to hold
even i f the word would
“ receipts from customs.”
O f course with wheat at
But in g on farm ing are vastly different from what they were
when wheat was at $1 45 a bushel. But so is the manu
bear stretching to that extent,
there does not appear to be in this or in any other provision,
facture o f iron a different thing at $21 than at $30 or $41,
so far as we know, authority fo r transferring money for the
the latter the figure ruling in February, 1880.
convenience or safety o f commerce.
matter,
A n d the very idea
which gave birth to an “ independent treasury ” would
too,
the margin fo r possible
F o r that
profit has been
reduced in nearly every branch o f trade and business.
I f that view is sound That, however, does not necessarily mean starvation
So in farm ing
the only moneys Mr. Fairchild can put into the deposi or bankruptcy, or running at a loss.
tary banks a re the current in tern alj revenue and mis success depends upon much the same qualities as success
in the m ill or the factory.
The careful, economical m ill
cellaneous collections.
seem to forbid such a transfer.
The importance o f this suggestion, if correct, lies in manager always w ill make money, while the mill next door
the fact that in case o f any sudden em ergency like a not so well managed w ill find difficulty in m ik in g ends
panic the Secretary could not draw out o f the Treasury meet. W h e re there is a burden o f debt or other less
and transfer to the
banks any portion
o f his existing
favorable surroundings, the contrast will be even stronger.
be to stop making
I t is undeniable that the high prices prevailing in
and to put into those
1880-82 attracted many to farm ing who, under ordinary
banks (so long as they consented to file bonds and take it)
circumstances, would not have entered the field— persons
an average during each month (according to the receipts
who by habit, training, and experience
surplus.
A ll he could do would
drafts on the depositary banks,
were unfit for
reported by the Government the last nine months) of 9^ carrying on the business except under extrem ely favormillion dollars from internal revenue and 2f- million dol able conditions.
lars from miscellaneous sources.
These accumulations
So
long as the exceptional state of
things which prompted
able to
prosper.
their efforts
The
continued,
moment,
however,
they
would thus be gradual, mostly drawn out of some o f the
were
N ew Y o rk institutions, and hence as w ill be seen not very
pressure came, and the margin o f profit was reduced, they
the
efficacious for staying or quieting a financial surprise. The found themselves in pecuniary straits, with the old debts
Secretary therefore may bs driven to making bond pur hard to bear and new ones difficult to avoid. T a e A g r i
chases, and the business community has reason to feel and cultural Bureau estimates that there are now five million
does
feel
entire
not hesitate
nnd the
confidence
to adopt
occasion
accumulations from
enterprise.
Fairchild w ill
owners o f farms, against only four millions in the census
any expedient the law permits
year, being an increase o f a million since 1880, while
demands
that
fo r
Mr.
preventing
Treasury
disturbing commercial or financial
many o f the original farms have changed owners and
passed from
hands.
older into younger and less experienced
I t would be strange, indeed, i f under this change
THE CHRONICLE.
514
and
increase,
many
weak
and
incompetent
parties
[V O L . x u v ,
the cash price, and g iv in g a m ortgage to secure the same,
had
to
which m ortgage itself bears interest.
Some
of
however, fo r some time that the practice is not nearly so
them, lacking the necessary qualifications fo r the work,
prevalent as form erly, and the Agricu ltu ral Dapartment
should
learn
not
the
have
b itter
appeared.
lesson
of
These
have
experience.
I t has been known,
Th e rest have now says it is gradually fallin g into disuse. I t is g ra tify in g
had to change their methods, and been forced to under m oreover to note that in some o f the States the burden of
stand that only industry,-thrift and progressiveness fu r indebtedness has been greatly diminished in recant years.
have had to seek a livin g in other fields.
nish the pathways to permanent success.
But here again
Thus in South Carolina the advances in
1886 were esti
the experience o f the agricultural w orld is no different
mated at only $6,500,000, against $12,000,000 in 1832,
fro m
H o w many
and in G eorgia the State agent estimates the total o f indebt
men went into business under the spur o f the high prices
edness as probably less than at any time in the last five
ruling in
years.
In the Central and W estern
that o f other branches o f
industry.
1879-32, and subsequently w ere
retire when a low er level o f values was
ob liged
to
established ?
A n d this was the common experience o f the industrial
States the evidences o f
improvement are v ery noteworthy.
In
N e w Y o r k the
condition is represented as unsatisfactory, but in Pennsyl
world.
N o r is it correct to assume that low prices are neces vania it is estimated that not more than 15 per cent of
sarily an indication o f an unprofitable state o f things. the farms are m ortgaged, and in K entu cky only 12£ per
Taken generally no one w ill venture to assert that this is
cent.
In Michigan one-fourth the farms are b elieved to
Y e t it is be m ortgaged, but the indebtedness is said to be u neither
undeniable that we are enjoying prosperity. A s compared very general nor heavy.” F rom Illin ois we have the same
w ith the inflated values current in the speculative period qualification, and in that State as w ell as Indiana, Ohio
an era o f high prices in trade and business.
o f 1879 -82, present figures are low nearly everywhere.
Of
and Nebraska, a distinct decrease in indebtedness during
course in the interval the cost o f production has in some
the last ten years is reported.
particulars been reduced.
tion is placed at 50 per cent.
try is no exception.
But to this, the farm ing indus-
In a special article last N ovem ber
In
Nebraska the reduc
In
Missouri a tendency
towards increase during the last three years, on account
w e pointed out that there had been a great shrinkage since
o f the decline in values, is noted, but Kansas reports the
1881 in the price o f agricultural implements and in all
indebtedness less
that
although larger in the western or newer portion o f the
goes
decline in
to make up the equipment o f
a farm — the
some cases being as much as 50 per cent
State.
in
proportion
than ten years
ago,
In Indiana the demand fo r loans is less now than
at any tim e fo r a period o f seven years.
I t is obvious that such a general reduction in indebted
farm has fallen off, on the other hand the cost o f the
tools and machinery fo r raising those products has also ness could not have occurred i f farm ing were no longer
been greatly reduced. W e pointed out then, however, that profitable. Hence the business o f farm ing is certainly
— so that if
the selling value o f the products o f the
in the cost o f labor there had been no appreciable decline»
not so hopeless as it is supposed to
and this is what the special agents o f the A gricu ltu ral D e ‘
lesson, however, to be deduced from these data is the old
be.
Th e one general
partment find, it being considered inevitable that a decline
one, and that is the necessity fo r d iversifyin g crop3.
The
in the wages o f farm labor must ensue. But though this is best accounts come from the sections where diversifi
a drawback on the larger farms, it is not a m atter o f cation is practiced, and the worst from the one-crop sec.
much importance on the smaller farms requiring v e ry
little help.
tions.
Moreover, the producer borrows m oney now
on much less onerous terms than form erly.
Finally, it is
F E B R U A R Y N E T EARNINGS.
to be remembered— and this is a consideration usually
I t was not expected that the February net earnings
overlooked— that transportation charges have been greatly
would make as favorable a comparison with the preceding
reduced, all o f which operates to offset the decline in the
year as did those fo r January, and hence little surprise
price o f farm products.
w ill be felt that both the amount and ratio o f gain should
H ence, though the position of
the farm er is by no means as flourishing as it was, there
prove to be quite small.
A l l things considering, it is sur
is no reason to believe that he is in desperate circum prising, perhaps, that there should be any increase at all.
Y e t i f we could exclude one class o f roads, those on the
stances or unable to make a livelihood.
That also seems to be the conclusion to be drawn from
Pacific, we would have a v ery favorable showing.
The
A s pointed out in our review o f the gross earnings for
investigation has not yet been completed, neither the
February, there was a marked difference in the circum
Northwestern, the Eastern, nor the Pacific States having
stances govern in g the comparison in the tw o months.
been reported on.
But all the Southern and Central
January the weather and everyth in g else favored the
States, including Pennsylvania, N e w Y o rk , Ohio, Indiana,
present year, while in February the state o f things was
Michigan, Illinois, Missouri, Kansas and Nebraska, have
precisely the reverse.
been covered, and the Department summarizes the results
with a period in 1886 when results had been greatly
b y saying that while debt is still a heavy burden on the
reduced b y exceptionally severe weather.
agricultural
gradual
we are comparing w ith a period when earnings last year
« amelioration, decrease in number and amount o f farm
had been swelled by the coming forw ard o f freig h t delayed
the
A gricu ltu ral
Departm ent’s
interest,
there
investigation.
is “ evidence
of
In
In January we w ere comparing
F o r February
those in the previous m o n th ; m oreover, special drawbacks
“ regions where this practice prevails.” The situation is operated against large earnings the present year, snow and
stated to be hopeful, w ith “ intrinsic wealth in agricul- ice having affected the Pacific roads, the grain movement
« ture slow ly accumulating.” In the older W estern States at W estern ports having been decidedly smaller than in
** mortgages,
and in advances b y merchants in
the “ unagricultural property o f farm ers”— meaning out.
1886, and the cotton m ovem ent likewise having been
side investments— is reported to be “ greater than the total
below that o f , last year, while rates in important sections
The least favorable o f the country were dem oralized and lower, pending the
accounts come from the Southern States, ow ing to the readjustment o f tariff schedules to suit the requirements
practice o f m ortgaging the crop before it is grow n— buy o f the Inter-State law. Hence the gain o f $143,329, or
“ indebtedness o f the farm ing class.”
in g supplies on credit at advances o f 25 to 75 per cent on
about 2 per cent, on the fifty-seven roads embraced in our
515
THE CHRONICLE.
A P R IL 28, 1887.]
exhibit, though small, is not surprising.
gross earnings and increased the expenses ; but the South
B elow is a sum
ern P a cific could not have been affected in that way, yet
m ary o f the February aggregates, as w ell as those fo r the
its net earnings have been
tw o months.
$550,865.
Jdn. 1 to Feb. 28.
(58 roads.)
Month of February.
(57 roads.)
Inc.orDec.
1886.
1887.
reduced from
how ever,
$1,192,447 to
the fallin g off is con
nected w ith the low rates on trans-Continental business
Inc. or Dee.
1886.
188?.
Probably,
t
t
$
t
«
S
+2,200,849 61,528,392 44,633,513 +6,894,879
Gross eatn’s 24,938.460 28.875,011
15,411.947 +2,117,520 36,284,845 32,279,880 +4,005,015
Oper, exp... 17,-* 29,407
12,333,6831 +2,889,884
7,408,0931 7,ae8,604 +143,329 15,243,547
Net earn’s
which prevailed in that as in the months preceding.
There is another section that records low er net than in
February,
roads.
fou r
1886, namely that
Our total,
however, in
small roads, namely the
comprising
that case
Baltim ore
the Eastern
covers only
&
Potomac,
These figures show that the $143,329 gain in the net is the Ontario & "Western, the W e s t Jersey and the
the result o f a gain o f $2,260,849 in the gross, and an Camden & A tlantic, the Ontario & W estern being
increase o f $2,117,520 in the operating expenses. The per the on ly one among them having better results than
centage o f increase in the gross is very much greater than in 1886.
in the net, owing to the heavy augmentation in expenses,
L ea vin g out these sections, however, there are gains
for which in turn the Pacific roads are mainly responsible
nearly everywhere, and some o f them very large indeed,
T fk in g January and February together, the result, as even though not quite up to those fo r January.
The coal
w ill be seen, is strikingly favorable. Gross earnings have
increased from $44,633,513 to $51,528,392, or $6,894,879;
roads m erit particular notice, they having augmented
while the augmentation in expenses has been only $4,-
the Reading and the Coal & Iron Company is chiefly
their net 82 per cent.
O f course the heavy increase on
005,015, leaving net o f $15,243,547 this year, against responsible fo r the exceptional extent o f the im prove
$12,353,683 last year, the increase being $2,889,864, or
ment, but the Northern Central also reports larger net
In this increase certain roads and sections than in February, 1886. The Buffalo N e w Y o r k & P h il
have not shared, while the gain o f other roads and adelphia, which is included in the same class o f roads,
23 per cent.
sections is especially large.
F o r the purpose o f bringing
again has a loss, much o f its business having been done on
out this difference we have arranged the roads in groups
contracts made before rates on coal were advanced. A ft e r
and classes, and give below the aggregates fo r each d iv the coal roads come the roads west o f the Missouri, on
ision— both for February and the tw o months.
which the increase reaches 43 per cent. A m o n g these the
1886.
1887.
Denver & R io Grande and R io Grande W estern and the
Net Earnings.
Oross Earnings.
February.
1887.
1880.
St. Louis & San Francisco have large gains.
Inc. or Dee.
«
7,129,000
459,555
2,210,739
887,313
5,669.893
3,033,598
164,214
2,584,648
259,068
277,883
$
2,380,774
175,083
926,301
503,055
1,091,863
1,226,372
10,769
927,792
14,324
188,660
$
2,042,866
141,298
932,982
351,148
2,080,331
1,030,966
27,584
608,837
34,180
118,472
p .e
$
+293,908 14
+33,785 24
1
—0,081
+151,907 43
—988,408 47
+195,406 19
—10,815 89
+418,955 82
—19,850 58
+75,188 66
Total, 57 roads 24,936,400 22,675,611
7,400,993
7,203,604
+143,329 1*97
Trunk lines...... (7)
Middle Western (61
Northwestern.. (5)
W ’st of Miss’uri(4)
Pacific Syst’ms(l2)
Southern r’ds..(12)
Texas roads . (2)
Coal companies (4)
Eastern co’s___(4)
Mexican road ..(1)
3
7,931,608
524.262
2,231,102
1,095,037
5.408,560
3,554.731
204.675
3,309.415
£00,807
380,763
Jan. 1 to Feb. 28.
Trunk lines......(7) 15,031,038 14,059,473
Middle Western(7)
1,629,400 1,581,863
Northwestern. .(5)
4,656,325 3,876,593
2,192,476 1,687,472
W ’st of Miss’uriG)
Pacific Syst’ms (12) 11,420,047 10,502,915
Southern r’ds..(l2)
7,248,593 6,108,940
Texas roads..... (2)
408.318
314,389
Coal companies (4) 6,022,742 5,373,122
Eastern co’s . ...(4)
534,289
604,270
Mexican road ..(1)
808,583
594,458
4,345,542
563,705
1,950,300
984,094
2,517,270
2,489,884
45,278
1,876,198
02,720
402,550
3,652,351
381,073
1,320,479
596,213
3,089,384
1,993,190
40,234
972,971
78,905
222,817
+691,191
+182,032
+629,821
+387,881
—572,103
+490,088
+5,014
+903,227
—10,245
+179,733
19
48
47
65
18
25
12
93
20
80
A rranged in this way we can easily note where the
change in conditions between the tfro months has been
Thus in January the Northwestern roads,
having the adverse weather o f the previous year to aid
the comparison, had a gain in net o f 162 percent.
In
February, this circumstance not being present, and the
weather in 1887 being rather unfavorable, there is no
increase at all, but a slight decrease.
This section, how
ever, has done better than the Pacific section, which
indeed makes a decidedly poor showing.
only $1,091,863.
We
A s against net
1886, the net this year is
know that some o f the Pacific
roads, and notably the Canadian and N orthern Pacific, were
greatly troubled with snow, and that this diminished the
The gain is not as
covers a large body of roads, and there were no excep
tional circumstances either in the weather or traffic con
ditions to add to the gains.
Moreover, the increase o f 19
per cent is in the face o f quite a large fallin g off on the
East Tennessee and tw o o f the Chesapeake & Ohio roads.
o f increase than the Southern roads, and on the Trunk
lines the gain is 14 per cent.
In the net fo r the tw o
months only the Eastern lines and the Pacific systems fa il
to reach their last y ea r’s total ; all the rest re jftrt very
favorable,
and
some
of
them extraordinary,
results.
Below we g iv e the figures o f individual roads.
23 1
N o t e .—Under the head o f “ Trunk Lin es” are included th e Brie, Ih e Olev.
Col. Cin. & led., the Ohio & Miss., the Penn, and th e Grand Tr. o f Can., Chie.
A Ud. Tk. and n et. G. H. & M.; “ M iddle W estern ” includes Chic. ¡at. L . & Pitts.,
Cin. Ind. St. L . & C., D et. Bay C ity & Alpena, Grand Rap. & Ind., Tol.
& Ohio Cent., Cairo Vin. & C. and Cleveland & Canton; “ Northw estern’ in
cludes Burl. & Quincy, Burl. C, it. & No., Minn. & St, Louis, Minn. & Northw.
and Des Moines & i t . D o d ge; “ W est o f Missouri” includes D en ver & Rio Gr.,
D g n y .A R io Grande W est., St. Joseph & Gr. Island and St. Louis & San Fran.;
Pacific systems” include the six southern Pacific roads and th e Union Pacific,
Northern Pac., Can. Pae., Oregon Imp. Co., Oregon R y. & N av. Co., and Calif.
South; •Southern roads’’ include Louis. & Nash., Central o f Ga., Ches. & Ohio,
Ches. O. & S. W ., Eliz. L ex . & B. S., East Tenn. V a . & Ga., Nash. C. & St. Louis,
- ° t lo lk < W estern, ceu isv. N . O. & Tex., Mem . & Charleston, Shen. V alley
“
&
,.r aP f Flear * Y a d k in : “ Texas roads” include St. L . A rk . & Texa s and
Ft. W orth & Deny. City; “ Coal Companies” include Phila. & Reading 11R.,
P . & K. Coal & I:o n Co., Buff. N. Y . & Phila. and N orth ern C entral; “ Eastern
Companies ’ include Balt. & Potom ac, N. Y . Ont. & W estern , W est Jersey and
Camden & A tlantic; “ M exican roads” are represented by the M exican Central.
o f $2,080,331 in February,
Southern roads continue to do well.
heavy as in some other classes, being 19 per c e n t ; but it
The M iddle W estern lines record a somewhat larger ratio
Total, 58 roads 51,528,362 44,633,513 15,243,547 12,353,083 +2,869,804
most marked.
The St.
Joseph & Grand Island, however, has a decrease.
GROSS AND NET EARNINGS FOR MONTH OF FEBRUARY.
February.
N am e of R o ad .
1887.
1886.
Jan. 1 to Feb. 23.
1887.
1836.
$
$
1
$
217,65*
195,389
94,298 I
110,528
Baltimore & Poto— Gross
71,349
68,8oO
33,323
32,819
N et...
341,335
171,522 1 373,95
184,148
Buff. N. Y. & Pliila..Gross.
50,510
28,723 Lef. 30,73
218
N e t...
416,14
385,111
195,938 207,548
Burl. Ced. R. & No..G ross.
80,468
luO,y43
62,042
45,847
N et...
75,036
108,48
39,560
50,766
Cairo Vincennes & C.Gross.
6,637
21,32
2,13i
10,950
N e t..
240,629
73,719
47,055
116,234
California South’n ..G ross
116,118 def. 12,522
3,986
54,531
N et...
55.64'
48,593
22,935
25,804
Cam. & Atl., and Brs. Gross.
lef. 23,561 def. 8,250
N e t.. df. 15,109 def. 5,72
985,816
510,646 485,458 1,154,13-*
Canadian Pacific___ Gross.
116,098
69,717
N et... df. 69,440
44,897
37,885
19,963
24,184
Cp. Fear & Y ad. V a l.Gross
21,227
23,101
11,458
12,787
N et...
564,399 479,920 1,095,129 1.002,987
Central of Georgia..Gross.
328,870
376,971
226,309 172,823
N et...
534,410
612,092
295,500 273.241
Chesapeake < Ohio. .Gross
fe
141,964
126,758
80,288
61,682
145,07
122,909
63,631
68,420
30.411
32,111
16,103
9,184
230,895
27. ,403
124,803 113,630
Ches. O. & S. W ....... Gross
64,954
95,452
33,873
42,869
N e t..
339,105
183,449
Chicago Burl. & N...G ross.
51.482
38,413
N et...
Chicago Burl. & Q ... Gross. 1,847,235 1,830,275 3,832,620 3,211,238
.
N et.. . 862,390 818,238 1,782,632 1,214,797
690,837
852,197
Chicago St. li. & P ...G ross.
110,729
203,026
Net..
395,163
412,839»
199,16*8
Cin. Ind. St. L. & C..Gross.! 186,671
147,294
163,354k
68,901
75,553
N et..
42,460
50,016
21,63»'
22,551
Cleveland & Canton. Gross
6.154
3,318
2,465
2,169
N et..
578,253
602,701
CleY. CoLCin. & I....G ross,. 288,415 292,520
149,881
191.5631
83,510»
92,253
N et..
* Mexican currency.
........
516
THE CHRONICLE.
February.
Name or R oad.
Jan. 1 to Feb. 28.
2d week o f A pril.
[V O L ' X L T V
D enver & Rio G r — Gross.
_
„
N e t ...
D enver A Rio G r.W .Gross.
N e t ...
Des Moines & Ft. D Gross.
N e t ...
Det. B ay City & A l..G ro ss.
„
„
.
N e t...
EastTenn. Ya. & Ga.Gross.
N e t ...
Ft. W ’th A Den. City.Gross.
.
N e t ...
Grand Rapids A Ind. Gross.
N e t ...
„
| 1880.
552,285
220,56«
70,717
17,204
23,253
3,358
„ 26,0-3
12,080
390.283
95,056
40,039
16,579
150,457
42,187
£
Gr. T r’nk of Canada Gross.
251,147
N e t...
59,317
Cbic. & Gr. Trunk.Gross.
46,419
_
N o t...
7,485
Det. Gr. H. & Mil..Gross.
10,873
N e t ... '
2,141
$
427,748
130,0,0
61,0« 6
9,092
30,957
9,582
10,7251
5,735
1887.
$
1,401,530
411.979
3,063,087
1,487,635
4,404,017
1,899,614
103,636
25,878
2,984,386
747,673
132,520
34,231
1,411,018
239,934
3,099,406
1,108,242
4,510,424
1,348.207
163,69.
66,488
3,413,267
875,311
154.398
19,844
RAILROAD EARN IN G S I N APRIL.
1887.
1886.
Increase.
Decrease.
$
3,079.488
58,652
52,839
21,954
8,595
8,142
7,139
17,690
24,900
339,946
39,814
4«,367
34,443
3,583
25,728
6,861
22,730
17,740
$
2,317,937
49,096
25,311
11,257
6,016
7,244
6,968
13,554
21,«31
300,736
46,203
48,837
2 -,8 il
2,-91
24,969
6.438
17,318
3,577
9
9
3,817,611
2,939,034
765,823
9,556
27,528
10,697
2,579
898
171
4,136
3,069
38,210
5,592
692
759
423
5,41*2
14,161
889,708
878,577
4,272
6,389
470
11,131
For the second week of the month, the returns thus far
cover fifty-two roads, the increase being $432,051, or a litle
little over 17 per cent.
Increase. j Decrease.
fUffwetavHiffiororaerctalgngttsiviJritrs
Seventeen more roads have reported their earnings for the
first week of April, making sixty-seven roads altogether for
this period. These sixty-seven roads have gained $878,577 on
their earnings of last year, the increase being about 80 per
cent.
Total (67 roads)........
N et increase (29*90 p.ct.)
9
9
$
i Buffalo w. Y . A P M la ....
42,100
47,800
5,700
45,495
832,6 i l Buffalo Rooh. A P itts b ...
23,633
21,862
••••»
Cairo Vincennes A Chic..
21«,591
12,849
12,185
664
25.300
127,590 I California S o u th ern ......
13,100
12,200
I Canadian Paci»‘e ........
188.000
31,687
187,000
1,000
38.712
tO,351 Chicago A Atlantic.........
29,120
9,592
35,440
8,940 Chicago A East. Illinois..
31,750
3,690
479,000
411,69«)
21,158 I Chicago Mil A St. Paul..
67,310
25,851
10,215 I Chicago A wpi-t Mich . . ..
26,509
658
58,455
665,417 Cincinnati 9am . A D ay ..
50,08 3
........
8,372 !
224,218 I Cin. Ind. St. L. A Chic ...
44,997
44.780
217
7,845
50.416 Cincini ati Ricn. A Ft. W.
6.964
881
31.222
10,949 I « incinnati Wash. A Balt..
33,373
2,151
11,269
253,572 , Cleveland Akron A Col...
9,913
1,355
77,002 . Col. A cin. M idland........
5,305
3,889
1,476
| Denver A Rio Grande___
£
133,375
111,«44
21,531
21,002
457,700 D e c L msing A Northern.
22,056
1,054
83,467
92,708 I East Term. Va. A G a .......
71,946
11.521
18,153
83.417 Evansville A Terre H ___
12,120
6,033
6,206 Flint A Pere Marquette..
56,360
48,543
7,817
34.585 Florida R ’w ay A Nav. Co.
19,700
14,162
5.538
7,476 Ft. Worth A Denv. City..
14,322
8,786
5,536
Grand Rapids A Ind ___
9
$
35,325
43.948
8,623
2,398,546 2,099,952 I ind. Bloom. A Western..
44,448
39,780
4,668
864.555
756,322 , L a k - Erie A Western......
34,278
25,988
8,290
397,293
298,«58 ! Long Is and...... ..............
60,559
55,530
5,029
137,931
70,919 j Louisv. Evansv. A St. L .
20.900
14,060
6,840
291,621
221,398 I Louisville A Nashville___
258,215
216,725
41,490
.........
; L uisv. N ew Alb. A Chic.
79,380
51,537
37,281
33,301
3,920
808,583
594,458 Mexican Ce i t r a l ...........
67.805
77,'31
9,666
402,550
222,817 I Milwaukee L. S. A West .
55,777
36,860
18.917
221,211
194,387 Milwaukee A N rthern...
17.581
12,650
4,931
37,358
2 4,912 . Minnesota A Northw est..
15,034
5,747
9,287
135,972
35,506 N . Y. City A Northern ...
9,898
10,332
431
28,062 def. 2,638 N . Y. Ontario A Western
26,91
7
21,912
5,005
491.555
370,171 Norfolk A Western.........
70,940
65,251
5^689
218,403
147,002 | Northern Pacific___ . . . . . .
274,999
223,821
51,178
3,406.252 3,083,090 I Ohio A Mississippi...........
78.781
69,351
9,430
780,313
634,895 I Peoria Doc. A Evansville,
12,933
11.180
1.753
176,570
157,787 i St. Jos. A Grand Island..
16, 00
17,502
1,302
2,637 def. 18,365 St. Louis Alton A T. H. ...
23,723
18,224
5,499
Branches...... . .........
578 609
440,695
18.270
6,632
11,638
228,814
161,998 St Louis Ark. A T exas...
29,602
20,580
9,022
1,003,937
831 084 St. Louis A San Fran . . ..
104.893
74,524
30,369
426,391
317,567 | St. Paul A Duluth.........
24,524
22,837
1,687
1,097,149 1,074,570 |Tol. Ann A rbor No Mich..
8,317
0,254
2,063
67.323
212,760 Toledo A Ohio C en tral...
17,-180
14,922
2,558
606,247
548,6' 9 W abash A W es te rn ......
95,9 53
105,845
9,392
171,323
116,480 Wheeling A Lake E rie....
13,603
10,618
2,985
495,941
379,406 Wisconsin Central...........
38,447
29,531
8,916
Minn. St. Croix A W is..
60,918
34,467
8.546
3,929
4,617
Wisconsin A Minnesota.
515,099
540,402
16,013
4,104
11,909
97,3;- 6
91,294
Total (52 roads)........ 2,944,203 2,512,152
7,840,559 6,971,011
462,908
30,857
2,594,508 2,219,145 Net increase (17*20 p. o.).
432,0 5 l'
517,552
451.856
202,378
167,887
3,089,077 2,559,567
1,451,570
918.311
2,155,771 1,641,136
28,972 df. 313,417
[From our own correspondent.]
168,744
166,375
62,526
71,305
L o n d o n , Saturday, April 9, 1887.
330,060
263,973
The statistics relating to the iron industries in the Cleveland
14,493
23,285
783,521
560.856 district are an encouraging feature, from which it is clear that
455,410
274,630
114,9083,263 there is a healthier movement now in progress in iron and
9,905 def. 6,286 steel than has been perceptible for some time past. The
* Mexican currency.
1 Not including Central of N ew Jersey in either year.
T
P re v ’ly rep’ted (50 roads)
Burlington C. R. A N o...
Clin. N. O. A Texas P a o ...
Alabam a Great So.......
N e w Orleans A N. E . . . .
Vicksburg A M eridian..
Vicksburg Sbrev. A Pao.
Evansville A t erre H ___
Florida R ’ way A Nav. Co.
Grand Trunk of Canada..
Houston A Texas Cent...
Kansas City Fort S. A G.
Kansas City Spr. A Mem.
Kansas C. Clin. A Spr___
Lake Erie A Western. ...
Marquette Hougb. A On.
St. L . Alt. A T. H. (M. L.)
Branches......................
1886.
1866.
1,097,935
432,309
142.276
33,849
5»,376
7.30.’
50,479
22,795
3 !1 , : j86
81 ©,770
120,274
296,804
25,932
77,658
8,381
30,785
136,838
291,092
45,443 j
80,562
£
£
231,128
494,374
52,118
lc0,491
44,421
95,048
5,039
17,197
16.669
33,034
3,550
3,879
Louisville & N asliv ..Gross. 1,170,453 1,049,266
N e t...
423,6131 383,814
Loulsv. N. O. & Tex. Gross.
179,230 139,210
N et...
53,564
34,643
Memphis & Chari....Gross
125,375
106,231
N e t ...
51,810
20,185
‘ Mexican C en tral...G ross.
366,763 277,583
N e t...
18«,660
113,4 72
Minn. & S t.L ou is...G ro ss.
103,306
1 <',6 <
2
2
N «t...
13,443
41,017
Minn. A N o rth w est..G ross.
61,310
21,267
N e t ...,
1,263
2.008
Nash. Chat. A St. L . . Gross.
249,461
184,65*.
N e t...
113,436
74,310
N. Y . L. E. & W ...... Gross. 1,761,182 1,551,486
N et . 434,130 332,58
N . Y. Ont. & W est... Gross.
86,405
77,809
^
N e t ...
794 def. 8,52*
Norfolk & W estern..Gross
299,304
221,788
N e t...
120.629
84,331
Northern C en tral...Gross.
488,990 430,961
N e t ...
196,167
173,278
Northern P a cific ....Gross
525,728
594,240
N e t...
20,602
182,70s
Ohio & M ississippi..Gross.
311,028
274,429
N e t...
85,519
55,630
Oregon Imp. Co...... Gross.
232,590
186,384
N e t ...
35,747
28,792
Oreg. R ’y & Nav. Co.Gross.
240,840 c 05,784
_
N e t ...
48,314
86,321
Pe n n sy lvan ia ...... ..Gross. 3,988,78© 3,549,475
N e t ... 1,880,167 1,267,604,
Pnlladelp’a A Erie..G ross
257,500 233,026
N e t ...
100,235
100,750
flPhila. & Reading.. Gross. 1,5 8,256 1,255,389
„
N e t...
725,862 470,853
Coal A Iron Co.. ..Gross. 1,118,021
726,776
N et ..
5,545 d 104,017
St. Jo. & Gd. Isl’d ... G ross.
75,000 113,016
N e t...
25,840
64,109
8t.Louis Ark. & Tex.Gross.
164,636 138,282
N e t...
190
19,203
St. Louis & S. F ran .. Gross.
397,035 285,543
N e t...
239,451
147,897
Shenendoah Valley. .Gross.
57,620
40,680
N e t ...
6,734 def. 1,136
So. Paoiflo Co.—
Atlantio system ... Gross.
668,820 666,552
„
,
N e t ...
82,783
193,476
Paoiflo system...... Gross. 1,437,789 1,789,645
N e t...
468,082 998,971
Total a ll................Gross. 2,106,609 2,456,19?
„ , .
„
N et...
550,866 1,192,447
Tol. & Ohio Central.Gross.
77,734
51,634
„
•
N et..
82,138
16,618
U nlonPaclfio........... Gross. 1,675,9 LH 1,594,776
5)6,360
_
N e t ...
445,243
West Jersey, & Brs. Gross.
77,570
64,026
15,103
________________
N e t ... def. 4,18«
1st week o f A p ril.
1887.
9
1887.
greater quietude reported may therefore possibly be the
result of restricted speculation. There are also rumors, but
whioh require confirmation, to the effect that an A n g lo Belgian sj ndicate are arranging for a loan to the Chinese
Government for £32,000,000, and are to have the concession
for the construction of some 1,500 miles of railway in the
neighborhood of Nanking to Canton and Pekin. This report,
like many previously circulated, may fail to secure verifi
cation ; but as there is no smoke without fire, so these state
ments can hardly be entirely of imaginative origin. It is
quite natural they should attract attention, if only because of
the great effect the creation and development of a Chinese
railway system would have upon the iron trade. I f a com
mencement is to be made of this important movement, which
it is recognized cannot be delayed indefinitely, the tact and
energy of home manufacturers w ill be taxed to the utmost to
secure concessions in the face of the powerful competition now
to be combated.
Turning from hardwares to textile fabrics, a quieter tone is
generally noticed, and with rather less steadiness as regards
values. For the moment it seems as though the Easter holi
days are checking business in all the manufacturing centres,
besides reducing Stock Exchange speculation. Political dis
cussion has become less acrimonious, but there is still a good
deal o f verbal sparring going on ; and although the danger of
an outbreak has been appreciably reduced, it has not altogether
disappeared; hence an attitude of caution is still preserved in
all business arrangements. However, the longer the present
disputes are retained within the domain o f discussion, the
greater is the chance of their yielding to pacific treatment.
For the next few days no change of importance in the gen
eral trading conditions of the country need be anticipated,
but after the completion of the holidays we ought to see yet
more distinct signs o f improvement.
The money market has relapsed into a state of considerable
quietness. There was some show of steadiness during the
A
p r il
THE CHRONICLE,
28, 1887.J
517
—>
--------- Quat iwVi ■ . ,----------- vai ue.—
....
earlier part of the week, the price for short loans advancing
1887.
1886.
1887.
1866.
58,736
37,899
122,207
90,334
to 2% per cen t; but with the distribution of the dividends, Cheese .................
145,886
7,547
61.564
15,776
...................
available balances have been materially increased, and the Fish .....................
102,844
151,169
91,848
183.707
L ard
140,379
149,000
119,721
charge has fallen to 1 per cent. Discount rates have also been Sugar, refined___ ...owts. 157,553
20
160
8
100
Copper o r e ‘..........
weak, but they are now so low they can hardly go much
443
48,620
1,968
Regulus, & o...........tons.
11,075
Unw rought and partly
lower. A n easy money market for some little time seems to
6.087
101
100
w rought.........
4,099
..owts. 1,073,136 1,298,371 2,558,674 3,207,598
be foreshadowed. The Bank of England weekly return shows Cotton, ra w __ _
32,882
42 454
31,436
40,348
Tallow ........ r.......
the changes incident to the dividend payment period. There Wood A timber—Hewn.lds.
8,291
3,701
29,718
14,650
82,752
14,222
37,122
Sawn and split.. ..loads.
81,968
has been a loss in reserve of £1,495,298, and the proportion to
8,649
...... No.
8,317
162,543
214,062
liabilities has declined from 48 57 to 45’51 per cent. Note cir Leather................
2,831,576 4,160,623
Below are the exports of British and Irish produce to the
culation has increased £962,245, and in the stock of bullion,
notwithstanding that over £300,000 was obtained from foreign United States, as far as can be gathered from these official
sources, a deficiency of £533,053 is disclosed. The distribution statistics, during March :
*\
*
------- Quantity--------- > r-----------Vaiti t6
of the dividends has reduced the total of public deposits by
1886.
1886.
1887.
1887.
£2 301,347, but as a partial set-off to this other deposits have Horses..........................No.
£13,317
£12.650
126
132
17,909
12,674
4,725
3,103
Beer and ale............. bbla.
increased £1,330,676. A decrease of £371,010 in other “ securi Salt.............................tons
12,061
12,242
12,152
9,998
1,674
3,7r6
5,715
1,959
ties ” shows the extent to which the loans Obtained from the S p ir it s ................... galls.
26,996
812,800
674.600
28.742
W o o l....______________lbs.
Bank have been reduced. An easy market seems to be antici Cotton piece goods...yds. I ,653.300 3,895,300
129,621
95,808
14,841
9,803
,3)1,700 1,098,400
pated for some days. The difficulty experienced in finding Jute—Y a m . . . .............lbs. ! .264.900 10.969,500
71,963
82,464
Piece goods... .yds. 1
4,572
178,200
4,707
123,500
suitable employment for balances has induced the discount Linen—Y a rn ..............lbs
204,822
174,760
Piece goods..yds. ,149,600 7,257,700
establishments to reduce their rates of allowance on deposits Silk broadstuffs......... yds. I 51,142
8,256
5,891
27,035
7,276
5,214
Other articles of silk only
...........
one-half per cent.
Articles of silk and other
The following return shows the position of the Bank of
54,027
43,673
materials.......................
73,459
99,279
596,100
486,700
yds.
England, the bank rate of discount, the price of consols, &c., Woolen fabrics........... yds. „235,000 2,746,000
213,557
166,328
Worsted fabrios.........
30,531
118,400
20,658
204,900
Carpets.......................yds.
compared with last three years :
1887.
1886.
1885.
1884.
£
£
£
£
Circulation, excluding 7-day and
34,762,870 24,003.410 24.883,775 25,709,030
other bills......... ...............
8,302.209 7.620.264 8,458,121 7,001,840
Public deposits.....................
25.058,014 23,551.214 25,753,429 25,147.293
Other deposits......................
14,434.661 14.583.498 14,164,559 12.436,202
Government securities..........
21,455.331 21,688,030 21,722,953 23,089,708
Other securities....................
15,224.609 12,848, 00 16,160,845 15,080,618
Reserve of notes and coin.....
24,237,479 21,921,910 25,294.620 25,045,648
Coin and bullion..................
4034 p.c.
47 p. o. 45% p. o
45'51 p. e.
Reserve to liabilities...........
3 p. o.
2 p. c.
8)4 p. c.
2)4 P-c.
Bank ra te ...........................
102 8-16d.
102)4d.
Consols......... ......................
95%d.
100&1.
128,392,000 113,882,001'. 79,455.000 134,501,000
Clearing-House return..........
Messrs. Pixley & Abell write as follows on the state of the
bullion market.
Gold.—The demand for Germany has entirely ceased, and the pur
ohases by the Bank of England amount to £404,000, of which £4i) ,000
has arrived from Egypt; £125 000 has been withdrawn. The arrivals
are £10,000 from Australia. £7,000 from the West Indies, and £23,000
from the Brazils; total, £40,000.
Silver has fallen again, and the quotation for the day is 43 ^ d . The
chief cause is the continued sale by the India Council at market rates.
There is a good demand for transfers to the detriment of silver, the dis
count rates being u per cent in Bombay. Tue Orinoco brought £4t ,000
from th-i West Indies, and the Fulda £7,500 from N ew York.
Mexican Hollars.—The balance unsold, ex French steamer, has been
sold at 42isd. The price is now nominal. The Orinoco brought £3,000
from the West Indies and the St. Germain £33,00 j from Vera Cruz.
Hardw are and c utlery....
Iron and steel—P ig .. .tons
Bar, angle, &o..tons
R ailroad............ tons
Hoops, sheet,&o. tons
Cast and w ro’t-.tons
Old. for remnftr.tons
T in -P la te s .................tons
Steel, unwromrht...... tons
Tin, unwrought...... owts.
L e a d ..........................tons
Steam-engines..................
Other kinds of machinery.
Apparel and slops...........
Haberdashery & millinery
A lkali....................... owts.
Bags and sacks______ doz.
Cement........ .
owts.
Earthenware & porcelain.
Paper—Writing, printing,
&o...........cwts.
A ll other kinds.cwts.
Skins and fu rs..................
Stationery.oth’r than pap’r
T h e re -e x p o rts
Apr. 7.
t. d.
Bar gold, fine., .os. 77 9
Bar gold, contain V
20 dwts. silver.os. 77 10
Span, doubloons.os.
S.Am.doubloona.oz.
Mar. 31
f.
d.
77 9
77 10
8ILVEK.
London Standard.
d.
Bar silver.........os
Bar sllver.contalning 5 grs. gold.os*
Cake sliver ...os.
Mexican dots...os.
43)4
4494
4694
822
1,017
593
862
o f C o lo n ia l a n d
T h e im p o r t o f M a iz e f r o m th e U n i t e d S ta te s d u r in g M a r c h
was 1,644,082 cwt.
The movements in the precious metals have been as follows:
Mar. 31.
45 11-16
47 13-16
43
The official returns of the Board of Trade have just been
issued for March and the quarter, and the results shown are
distinctly satisfactory. From an examination of the statistics
it is very clear that the movement in trade is increasing in
strength. The exports for the month show an increase of
£492,011 and for the three months £1,959,091; and in the
imports the gain for the month is £1,303,992 and for the
three months £5,586,201.
The following are the totals of the imports and exports dur*
ing March and the three months :
2,881
3,284
41,920
5,736
f o r e ig n w o o l to th e U n i t e d
To and from all Countries.
d.
4 5-18
4
3,140
3,928
58,248
5,865
309,616
18,489
10,087
32,207
117,350
3,400
30.369
24,081
5,792
91,819
345,939
135,939
725
36
1,976
57,834
12,738
24,699
88.528
2,023
19,752
78,276
£133,387, a g a in s t £166,643.
GOLD.
Apr 7.
329,989
15,483
10,235
25,018
51,531
3,999
4,743
5,691
2,636
21,193
322,753
42.009
2,551
2,144
6,748
33,675
9,850
20,512
96,303
2,198
22,130
74,362
39,725
476
6,866
3,403
308
30,779
26,317
26,903
139
2
S ta te s w e r e 3,315,000 lb s., a g a in s t 3,985,231 lb s ., a n d th e v a lu e
The quotations for bullion are reported as follows:
GOLD.
London Standard.
20,342
540
837
470
166
7,820
22,514
4,943
543
163
Imports
Do
Exports
Do
In Mch....
3 mos.....
In Mch ..
3 mos.....
SILVER.
To and from United States.
1885.
1886.
1887.
1885.
1886.
1887.
£
£
£
£
£
£
1.2)7,609 1.495.401 1,024,534
2.642.155 4.173,360 8,035,851
419.200
439,390
83i 1,408
1,255,002 2,704,588 1,209,230
887,034
001,816
638,098
Do
8m"S..... 2,401,715 2,153,084 1,784,290
485,324
587.701
Exports in Mch.... 1,012.550
Do
3 s u s ...... 2,508,590 2,187,804 1,881,605
032,890
1,458
3,208 1,898,045
5,400
30,800
34,800
212.800
729,753
208,090
017,541
4,202
8,729
70,000
118,823
353,805
1,501
1,505
The dulness in the wheat trade has become more decided ,
Fresh supdies have been moderate, but ample for all require
ments. Millers have been very cautious in all their dealings.
Prices may be quoted about 6d. per quarter easier, and the
market fiat at the reduction. Statistically there is nothing
new to notice. Imports keep up to about the average, and the
supplies available at early dates promise to be sufficient»
There is no reason w hy stocks should not be drawn upon
freely, so long as no anxiety respecting the next harvest be
.—Imports Foreign— F sports British < — >
,
£ , —Re-exports Foreign— entertained. The tendency of late here has been for stocks
,
c Colonial Produce.
6
In s h Produce, <£c.
< Colonial Mdse, dc.
£
to increase, whilst home-grown produce has not been mark
March.
3 Mos.
March.
3 Mos.
March.
3 Mos.
£
£
£
£
£
£
eted so freely as last season. It may therefore be presumed
1885..
.. 32.067.567
13.181,727 53.141,470
4,483.554 14.454.B07
1888..
.. 31,490.937 3
^ ' j*,845
18,510,073 52,106,860
4,631,796 13,059,283 that the amount now held w ill be sufficient, with the assist*
1887..
.. 32,794,930
02,320,016
19,002,083 54,065,951
5,07b,379 14,844,326
The following shows the imports from the United States durj ance of average supplies from foreign sources, to prevent any
ing March, so far as enumerated in the Board of Trade hardening of current quotations. In fact, it seems rather
more likely that the reactionary movements noticed o f late
returns:
.-------- Quantity
w ill be repeated. On the other hand, however, the grain
1887.
1886.
1887.
appears to have got into strong hands, and there is no great
Oxen and bulla...........No.
6?722
3,309 £133,954
£65,645
^OW8 . . . . . . . . . . -••••...N o.
22
8
152 d> sire to force sales; hence any sharp depression is not
424
Sheep and 1
amba . .7.7No.’
318
138
262 apprehended.
616
" n a7~At an- ports.owt8.
676,803 2 213,398
895,066
273,120
The following shows the stocks of the undermentioned ar
Pacino ports......... cwts.
1,540,277 1, 521,175
5)6,833
630,778 ticles in London waterside granaries and railway warehouses
£ lour....................... cwts.
735,165 1,806,267
97 6,652
409,715
............ owts.
221 >651
400,094 on January 1st and April 1st o f the current year, and April
220,433
3 i3,6l7
23,287
Beef—8alted............ cwta.
27,955
42,644
46,406 let of 1886:
Fresh.................... cwts.
57,987
g ““ 8........................ cwta.
Meat, unenumerat’cLewts.
Hdj ............owts.
Pork—Salted ........... cwta.
Bu« e r ......................cwts.
68,759
238
13,656
25,158
1,927
61,349
87,428
3o6
51,234
22,653
3,737
138,392
146,463
427
30,206
36,825
8,9zl
128,191
Ap ril 1 ,’87.
215,604 W heat........................... .’....... qrs. 268,673
892 Barley.................................... “
81.102
113,699 O a t s ...................................
“ 616,671
33,921 , M aize.................................
“
59,984
13,815
lour.......................... ..... sacks. 397»145
Jan. 1, ’87. April, 1, ’86.
365,525
441,418
122,629
57,629
758.994
276,846
37,143
36,191
352,144
306,670
518
THE CHRONICLE,
The following shows the imports o f cereal produce into the
United Kingdom during the first thirty-one weeks of the
season, the average price realized and other items, compared
with the three last seasons:
[V
o l.
X L IV .
O f the above imports for the week in 1887, $33,779 were
American gold coin and $2,414 American silver coin. O f
the exports during the same time $38,090 were American
gold coin.
IMPOSTS.
Chicago B u rlin gton & Quincy.—It is reported that this
company has contracted for the construction of 400 miles of
road from Central City, Neb., to the Northwest. This line, in
connection with the Burlington’s Missouri extension proposed,
w ill give the road a direct line into the Black Hills country.
—The C h r o n i c l e acknowledges the receipt of “ Burdett’s
Official Intelligence ” for 1887, the sixth yearly volume of
Supplies available for consumption (exclusive of stocks on this admirable publication. The present book consists of about
September 1):
1,150 pages of compact matter, and is unquestionably the
1886-87.
1885-86.
1884-85.
1883-84
most complete volume of this sort published in the world.
Im ports of wheat.owt.30,975,362 29,277,777 28,136,807 32,661,596
8,173,931
9,821,264
9,254.883 Mr. Henry C. Burdett is the Secretary of the Share and Loan
Im ports of flour......... 10.565,103
-Bales of hom e-grown..21,516,954 27,992,840 28.312,656 27,519,159 Department of the London Stock Exchange, and as such has
every facility for procuring the necessary information to
Total................... 63,057,419 65,444,598 66,270,727 69,435,633 compile a book relating to all stocks and bonds known on the
1886-87. 1885-86. 1884-85. 1883-84. London market. In N ew York copies can be obtained on
A v e r, price wheat.........week. 33s. 3d. 30s. 5d. 32s. 6d. 37s. 7d.
application to Thurber, W hyland & Co., W est Broadway,
A ve r, price w h eat...... season. 32s. 7d. 30s. 5d. 82s. 5d. 39s. 2d!
corner Beade and Hudson Sts.
—The attention of investors is called to the card of Messrs.
E a x l l i b F i n a n c i a l n a r k e t i - P e r C a b le .
The daily closing quotations for securities, «fee., at London J. S. Farlee & Brother, of this city, in to-day’s C h r o n i c l e .
The gentlemen composing this firm are experienced bond
« r e reported by cable as follows for the week ending April 22:
brokers, for some fifteen years connected with the late bank
ing house of Messrs. George Opdyke & Co.
London.
Mon.
Bat.
Tues.
Wed. Thurs.
Fri.
— The Ontario Silver Mining Company has declared its 131st
Bilver. per o s ............. d. 440s
449,6
44
43l3,e 437g
dividend of $75,000 (for March), payable at the transfer agency
■Consols fo r money........ 1 0 2 0 16 1 0 2 7 ,0 1 0 2 7 ,6 1 0 2 0 ,0 1 O2 U ,0
of Messrs. Lounsbery & Co., Mills Building.
Consols for aoeount...... 1 0 2 » - « 102*5 1 0 2 7 ,0 1029
1 0 2 1 1 , 8, 10230
F r’oh rentes (In Paris) f r 81-27*5 81-27*5 81-17*5 81-32*s 80-90 79-50
—The Homestake Mining Company announces its 105th
11230
1127g
tJ. S. 4*es of 1891......... 11‘ Os 112*5
¿
112*5
112%
dividend of $25,000 (for March), payable at the transfer agency
V . B. 4s of 1907............ 1328s 132*4
132%
132*4 1323s
132*5
6689
6578
Canadian Paclflo..........
of Messrs. Lounsbery & Co.
661*8
66*8
6530
651*8
18P6-87.
1885-86.
W heat................. owt. 30.975,362 29,277.777
B arley...........................12,282,297 7,564,745
O a t s ............................ 8.527,596 5,654,464
P e a s............................. 1,491,725 1,323.739
Beans.......................... 1,547.929 1,967,080
Indian corn............... 16,241,780 16,630.860
F lo o r........................... 10,565,103 8,173,981
Ohio. Mil. A St. P a u l.... 95
95
Erie,common sto c k .... 36
35%
Illinois Central............. 1 3 6
61%
6 13s
P e n n sy lv an ia ..............
Philadelphia A Reading 2 2 7s
21*8
N e w York Central....... 116*8 116*4
1884-85
28,136,807
10.331.707
6,416.207
1,169,943
2,08 ',865
13.841.708
9.821,264
95
3.5%
136
61*4
94%
35*8
138%
61*8
23*8
116
2 4 *4
116*4
1883-84.
32,661,596
10.852,958
7.274,6 >3
1,066.864
1.578,166
16,156.719
9.254,883
9430
35*4
ISO
61*4
95*8
36*4
139
61*5
23%
117
2 2 7s
116*5
©umraerefcal and fg&isftellaneutts IXcui*
I m p o r t s a n d E x p o r t s p o r t h e W e e k .— The imports o f last
week, compared with those of the preceding week, s h o w an
increase in both dry goods and general merchandise. The
total imports were $12,881,558, against $8,727,253 the pre
ceding week and $8,790,448 two weeks previous. The exports
for the week ended April 19 amounted to $>,331,104, against
#5,200,178 last week and $6,999,618 two weeks previous. The
follow ing are the imports at N ew York for the week ending
(fo r dry goods) April 14, and for the week ending (for gen
eral merchandise) April 15; also totals sinoe the beginning o f
the first week in January:
FOR8IO?« IMPORTS AT N E W YORK.
For Week.
1884.
(Dry Goods........
G en ’lm e r’dlse..
$1,849,838
6,635,203
Total...........
Since Jan. 1.
D r y Goods........
Gen’lm e r’dlse..
$8,485,011
$7,502,100
$7,209,939
$12,381,558
$39,944,902
92,914.552
$32,771,406
80,259,938
$33,224.939
91,011,944
$42,190.155
95,783,508
1885.
$1,426,403
6,075,692
1886.
1887.
$1,533,034
5,626,905
$2.436,895
9.944,66 S
Total 15 weeks. $132,859,454 $113,031,344 $129.236.883 $137,973,663
Auction Sales.—The following were sold at auction this
week by Messrs. Adrian H. Muller & Son :
Shares.
Shares.
148*4
105 Nassau Bank...........
17 Consol. Gas Light C o.. 857
e
1 0 ) Merc’tile Nat. B’k .l 16*2-147
30 Plioenix Fire Ins. Co. of
590 Brooklyn G as Light
Brooklyn...... ........... 125*2
Company......... 10:>%®1C8*2
50 Pennsylvania Coal Co. 268*2
50 Fulton Municipal Gas
31 Second Avenue R R ___ 144
Light Co. of Brooklyn. 135 *s
56 Broadw ay Nat. B an k.. 268
147
100 Union Ferry Co...... .
20 N. Y. & Har. RR., com. 223
200 Home Ins. Co . . . .138® 140%
50 Koick’bocker Fire Ins. 99%
52 City Fire ins Co......... 116
€0 North River Fire In s... I l l
80 Clinton Fire Ins. Co. .. 110
5 Park Fire Ins. Co . . . . . 100*3
1 Clinton H all Assoo’n... 51
38 Lvkens Yal. RR. & Coal
Co.............................. 149
100 Utica Che. A Susq. Val.
Brt. (guar, by D . L. A
5 N . Y. Mutual Gas Light 100
W. R ti.)........................ 118%
20 Guardian Fire Ins. Co. 80
63 Eagle Fire Ins. Co 245® 253
25 Terre Haut & Riehm’d
137 Fulton Nat. Bank.N Y. 153%
RR. (now Terre Haute
& Indianapolis R R ). . 98
204 Nat. Bk. of Com.l783s®178'7
e
250 Bank of America......... 176 4 100O Taylor Plum as Gold
a
15 City National B a n k .... 332*2
4*tc.
Mining C o......... .
540 Mankat. Co Bk.l81*4®160
500 Graude Milling and R e
133 Bank of New York, N.
in in g Co. (hypothe
B. A .................215*8® 215%
cated)................. $500 for lot
Bonds.
100 Consolidation Coal Co.
of M aryland............... 25
$1,000 D ry Dock E. B r’ way
45 Nat. Bank of Com’i oe.. 178*8
A Bat. RR. 6 p. 0. scrip 10443
gauMixg and JfimmciitX.
United States Government and other desirable
S E
$>orts o f dry goods for one week later.
The follow ing is a statement of the exports (exclusive of
¡specie) from the port of N ew York to foreign ports for the
week ending April 19,1887, and from January 1 to date:
EXPORTS FROM MEW YORK FOR TUB WKKK.
1884.
1885.
1886.
1887.
F or the w eek ...
Prev. reported..
$5,157,159
78,867,988
$6,109,601
90,265,167
$5,616,765
76,760,759
$5,321,101
82,711,930
Total 15 weeks.
$84.025,147
$96,374,771
$82,377,524
$83,066,034
The following table shows the exports and imports of spec e
at the port of New York for the week ending April 16, and
ainoe January 1, 1887, and for the corresponding periods in
1686 and 1885:
EXPORTS AND IMPORTS OF 8PBOIS AT H EW YORK.
Bold.
Exports.
Week.
G reat B r it a in ...........
F ran ce......... .
G e rm a n y ..................
West In d ie s ..............
M e x ic o .....................
Booth A m e ric a .......
A l l other countries...
$9,740
10,800
17,990
Total 1887.........
Total 1886.........
Total 1885.........
Silver.
G rea t B r it a in ...........
F ran ce......................
G e r m a n y ................
West In d ie s . . . . . . . . . .
M exico......... ............
Booth A m erica___ ...
A l l other countries...
Total 1887.........
Total 1886.........
Total 1885.........
Since Jan. 1.
$55,723
4,424
945,405
2,2b9,815
Week.
$ ........
Since Jail. I.
1,261,713
195,818
31,754
978
9,800
15,573
$38,530
282,-214
127,194
*4,762,928
17,977,707
4,507,6e3
$58,110
16,942
31,884
$3,982,092
2,473,204
4,679,894
$321,345
5,500
21,778
$2,132,989
430,921
108,478
53,660
16,581
33,339
16,790
¿56
$352,479
158,636
379,750
$2,797,758
4.005,771
4,709,184
I
N
V
E
S
T
O
R
S
.
A ll stocks and bonds listed on the N e w Y o rk Stook Exchange bought
and sold on commission for cash.
Deposit aooounts received and interest allowed on monthly balances
subject to draft at sight.
H A R V E Y
28 N
F I S K
assau
B r o o k ly n
&
Street, N
ew
S O N S ,
Y
ork.
C a b le C o . 6 p e r c en ts.
C i t y o f A t l a n t a , G e o r g i a , 4 1 -2 p e r c e n t s .
C ity , R e g i s t e r e d
o per
c en ts.
C it iz e n s ’ G a s E i g h t C o ., G o l d , 6 p e r c e n t s
$1,578,107
1,508,772
356,910
379.994
3.690
138,991
17,628
$
S
FOR
J ersey
Imports.
C U R I T I E
$7,300
17,703
6,883
21,720
146,225
231,957
51,987
174,716
$46,306
35,722
119,636
$662,165
473.631
457,702
C r a w fo r d s v ille ,
In d .,
W ater W o rk s
G o ld , 6 p e r c en ts.
Com pany,
FOR SALS B Y
C O FFIN & STANTO N, Bankers,
10, 11 and 12 M ortiin erJ B uild in g, W a l l Street, N . Y .
W E H A V E A L W A Y S ON H A N D A N D O FFE R FOR SA LE
A F U L L L IN E O F
C H O I C E
S E C U R I T I E S
FOR
I N V E S T O R S .
G R I S W O E D
&
G I E E E T T ,
N o . 3 W a l l S treet, N e w Y o r k ,
A
p r il
T h e
© a u h n - s 7
d
i v i d
e n
Per
Cent.
Name of Company.
d
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: S a v a n n a h , buying
par; selling *(§)* premium; Charleston buying par@1-16 pre
mium; selling *<§)* premium; New Orleans, commercial, 50c.
premium; bank, $1 50 prem.; St. Louis, 25c. premium; Chi
cago, pax*
par.
The rates of leading bankers are as follow s:
© a le t t e .
s
«
T
Vhen
Payable.
Books Closed,
( Days inclusive.)
■
Boston & Providence....................
B anks.
4
May
National City................................
Paciflo (quar ) ...............................
10
2
M ay
M ay
Pullman’s Palace Car (quar.)......
Tenu. Coal < Iron Co...................
fc
2
1
M ay
May
jn i s c e lla ? » e o n s .
2 April 23 to May
2 April 23 to M ay
16 M ay
14 May
1
1
3 to M ay 16
1 to M ay 8
W A L L S T R E E T , F R I D A Y , A p r il 2 2. 1 8 8 T -5 P.
Diffr’nc’s f r ’m
Pirev. Week.
1886.
Ap ril l7 .
1885.
April 18.
$
!
$
$
$
Loans and disons. 368,56 i,300 Dec.2,355,200 350.567,700 301.963.300
Specie.................. 77,688,700 Dec.1,720,100 76,682,100 107,691,800
Circulation..........
8.358,700 I n c .
49,500
7,«9 2,900 10,913.800
Net deposits........ 376,489.400 Dec. 661,500 376.753,80 >357.937.300
Legal tenders...... iO, )17,300:Inc .1,927,800 32,229,000 32.186,100
Legal reserve...... 94.117,35:)|Dec. 165,375 94,188,450 89,484,325
Reserve held........ 98,606,000jlnc. 207,700 103,911,100 139,877,900
4,488,650llno. 373,075^ 14.722.650
50.393,575
Exchange. The sterling exchange market continues to show
t je very quiet tone which has existed for so long, and during
me past week there has been no inc rease in the demand. Yet
ra es ave remained firm to strong all the time, in consequence
o f the scarcity of commercial bills; the rate for long sterling
mg sp cially strong, some drawers having advanced their
and 4 8 8 ^ *°r that class * c*
Posttd rates to-day are 4 86*
To-day the rates on actual business were as follows, viz. :
r8 „60™?y8’. 8terliQg> 4 85|@4 86; demand, 4 87£@4 88.
88i- Commercial bills were 4 84*@4 84f ;
continental bills were: Francs, 5 20@5 20| and 5 18*@5 184;
40i@4o|kSj £5i ® 'J5* a id 95|©95f; guilders, 40*©40* and
Tm —----Sixty Days.
Demand.
2
The Monev M arket and F in an cial Situation.—The
week has not been an eventful one. The advent of spring
weather the past few days has helped the opening of naviga
tion and the progress of all outdoor work and industrial enter
prise throughout the country, and the business in transporta
tion, railroad construction, &c., bids fair to be large in the
next few months.
«
It seems probable that when the present rush of railroad
building has subsided and the country looks about for new
fields in which to employ its idle capital, there w ill be a greater
interest taken in development and improvement companies of
various sorts, as these companies figure to so large an extent
among the enterprises introduced on the London market.
There is little doubt that the large demand for money to use
in remote sections of the country in building railroads, in laud
speculations, »fee., together with the requirements of the Chi
cago wheat clique, are elements which are likely to play an
important part this year in keeping money away from the
Atlantic cities, and preventing the usual return of funds to the
money centers in the early summer.
In railroad circles the Jersey Central alliance and the Read
ing call for the payment of assessments, together with the new
issue of $10,000,000 stock by Illinois Central to purchase its
Iowa leased lines, are the principal movements among the old
companies, while the new issue of $5,000,000 Minneapolis &
Saulte Ste. Marie bonds is the last financial event among the
new roads.
It would be well if we could get any satisfactory
information from which to form an estimate of the proportion
of new loans taken abroad, but this is, of course, impossible
under the present order of things.
From this time forward the crop reports are destined to play
an important part in shaping the course of Stock Exchange
prices dunug the next four months, and the usual caution
should be observed in sif ting these reports so as not to be misled
by them.
The open msr et rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 6 per cent,
the usual rste to st< ckbrokers being 4@5 per cent; to-day the
rates were 4 @5 per ce t. Prime commercial paper is quoted
at 5@5-^ per cent.
The Bank of England weekly statement on Thursday showed
a gain in speck* of £201,000, and the percentage of reserve to
liabilities was 50-09, against 5010 last week; the discount rat
remains unchanged at
per cent.
The Bank of France
gained 850,000 franc* in g Id and 2,850,000 francs in silver.
The New York Clearing H .use banks, in t >eir statement of
April 16, showed an i crease in surplus reserve of $373,075,
the total surplus being $4,488,650, against $4,115,575 the pre
vious wee'e.
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.
April 16.
’-
April 22.
R a 'l r o a d s .
Surplus............ .
519
THE CHRONICLE.
23, l f ô î . I
4 86k:
4 88ia
4 85 » 4 85ia
Documentary commercial......... .............. 4 8*413 » 4 85
5 20 % 3 5 20 5 18% » 5 171»
40% «•»40%
40% M O L g
Amsterdam (guilders)..............................
9 5 % »9 5 %
Frankfort or Bremen (relohmarks).........
95% »9 5 %
Prime bankers’ sterling bills on Lou Ion..
Coins.—The following are quotations in gold for various coins:
Sovereigns........... $4 85 © $ 4 88
N a p o le o n s ........ 3 85 © 3 89
X X Relohm arks. 4 74 o 4 76
X G u ild ers.......... 3 96 © 4 00
Span’hDoubloons. 15 60 ■»15 70
Mex. D oubloons.. 15 60 © 15 70
Fine gold b a r s ....
par ©%prem .
96*2
Fine silver bars .. — 95*2®
Dimes & % dimes. — 9 9 V » par.
Silver %s and % s . — 99 % 'S --------- F iv e f r a n c s ____ __ — 93
© — 95
M exican d o llars.. — 74*2» — 76
D o unoommero’l. — 74 © — 75%
Peruvian sols....... — 74
© — 75
English s ilv e r . . . . 4 80
© 4 84
U . 8 .trade d o lla r s — 99% ® 100
U . 8. silv e r d o lla r s — 99 % ® 100
United States Bonds.— Government bonds have been dull
and featureless all the week. Prices gave way a trifle at one
time, but have recovered and arc slightly higher than they were
a week ago.
The closing prices at the N. Y . Board have been as follow s: ]
Interest April April
Periods 16.
13.
413s, 1891... ...rag .
4%s. 18.41___ ..coup.
4s, 1907........ ___ reg.
4s, 1907........ ..coup.
3s, option, U. 8.. reg.
6«, cur’oy,’95 ...re g .
6s, cur’cÿ, ’96 . . .r e « .
6s, eur’ey, ’97 ...re g .
6s, our’ey, ’98 ...reg .
t s, our’oy, ’99 .. .reg.
Q.-Mar.
(4.- Mar.
Q -J an .
CÎ-Jan.
C)..-Feb.
J. < J.
fc
J. * J.
J. & J.
J. <e J.
t
J. & J.
110%
*110%
129%
*129%
*100
*136%
*129%
*132%
*134%
*137%
*110
*110
*129
129
*100
*126
*129
*132
*134
*137
April April
20.
19.
April
21.
A p ril
22.
110
110%
*139%
*129%
*100
*125%
*128%
*131%
*134
*137
*110%
110%
129%
*129%
*100
*125%
*128%
*131%
*134
*136%
*110%
'110%
*129 %
*129%
*100
*125%
*128%
*131%
*134%
*137
*110
*110
*129%
129%
*100
*125%
*128%
*131%
*134
*137
'T his is the price bid at the morning b o a rd ; no sale w a s made.
State and R ailroad Bonds.— State bonds have been dull
most of the time, though on some days a little activity was no
ticed. Some of the Arkansas State railroad issues have been
active and advanced, while Louisiana consols have declined.
Other classes have not changed much. Virginia deferred close
to-day 13; Louisiana consol, 4s at 89*; Arkansas 7s, various
railroad issues, at 36.
The market for railroad bonds has been pretty active, the
business being well distributed, and few classes have shown
•special activity. The tone of the market has been very good,
and prices have advanced more or less most of the week, and
the fluctuations of the stock market have had little or no in
fluence on bonds. The strength has extended to the whole
market generally and most classes show an improvement. The
demand has been of a good nature and has shown very little of
a speculative character. Atlantic & Pacific incomes have again
been the most active, and advanced further. This is the only
class showing any particular activity.
R ailroad and Miscellaneous Stocks.—The stock market
has been irregular and uncertain during the past week, and
neither bulls nor bears have gained any advantage to speak of.
A t times it has shown considerable strength, especially in a few
specialties, but each advance has been followed by a reaction,
and there has been nothing like a general or important movement.
A t the same time there has been no decided decline, and
prices are not much changed as compared with the market a
week ago. The bulk of the transactions has been confined to
a few stocks and in the balance of the list there has been no
activity and very little fluctuation. These few active stocks
have influenced the course of the general market, and it has
moved up and down in sympathy, though not to the same ex
tent. The news of the week has been very meagre and has
exerted very little influence, the fluctuations being more the
result of speculative causes and the varying operations of bulls
and bears.
The operations in Reading have over-shadowed everything
else, having been heavy, and the prices fluctuating widely. In
the early part of the week it advanced sharply to 47£, from
which point there has been an irregular decline. The sharpest
decline followed the call for assessments on the stock under
the reorganization plan.
The other coal stocks have been
somewhat influenced by the fluctuations in Reading, and
Lackawanna and Jersey Central advanced at one time, though
they have since reacted.
Another prominent stock is Manhattan, which had a sharp
advance, under the operations of a pool formed for that pur
pose, but on Thursday there was a sudden and sharp decline
followed by irregularity.
New England also declined on
Thursday on rumors of contemplated heavy expenditures for
improvements.
The stock showing the most advance for the’
week, in fact the only one showing any decided improvement,
is Fort Worth & Denver, which has improved materially,
though nothing has transpired to account for this new start
upward,
§
520
THE CHRONICLE.
[V o l . XLTV,
S T O C K S -P R IC E S A T N. T. STOCK EXCH ANG E FOR W E E K EN D IN G A P R I L 2 2 , AND SINCE JAN. 1, 1887.
H IG H E S T A N D L O W E ST PR ICES.
STOCKS.
Saturday,
Apr. 16.
Monday,
Apr. 18.
Tuesday,
Apr. 19.
Wednesday, Thursday,
Apr. 21.
Apr. 20.
Friday,
Apr. 22.
Sales
of the
Week,
Shares
Range since Jan. 1,1887.
Lowest.
Highest.
A c t iv e k k , S tocks.
Atlantic & Pacific................. . « 13%
Canadian Pacific...................
64%
Canada Southern..................
61%
Central of N ew Jersey.........
79%
42%
Central Pacific......................
Chesapeake & Ohio...............
*8
I)o
1st pref
14%
Do
2d pref
*10
Chicago Burlington & Quincy *142%
Chicago Milwaukee & St.Paul
92
Do
120%
Chicago & Northwester!
119%
Do
*146
Chicago Rock Island &Paciflc, 126%
Chicago Si. Louis & Pittsburg
19
Do
pref
47
Chicago St. Paul Min. & Oin.
52
Do
pref.
112%
Do
Do
Do
1st pref.
Illinois Central............
Ind. Bloom. & West., as
Kingston <s Pem broke.
Long Island.................
Louisville & Nashville.
32%
136%
32
63%
12 %
75
25%
92
42
15%
131%
25%
94%
96*2
68 %
64
158%
14%
14
14%
66
64% 65%
62%
62
62%
81%
81% 82%
42%
41
41
9%
8%
8%
14% *14% 15%
10 % *10% 11%
144
143 143
92% 92% 93
120% 120% 120%
119% 119% 119%
148 *147 149
126% 126% 127
20 %
20 % 20%
48%
49
48
52%
52% 52%
113
112% 113%
66
66 %
32%
32% 33
137% 137% 138%
31% 32
32%
64%
63% 64
13%
13% 13%
75% *74% 76
25%
25% 25%
92
95
43%
43% 45
15%
15% 16%
132% 133 133
25%
25% 25%
44%
44
95%
95
95%
96%
96% 96%
69%
6 8 % 69%
64% *62
65
160% 160 160%
14% 14%
64% 64%
61% 62
81% 82%
40% 41
9%
*8
*14% 15%
*10
10%
144 144%
91% 92%
120 120
119% 119%
*147 149
126% 126%
20 % 20 %
47% 49%
52% 52%
*112% 113
66
66
33
30
137% 138%
31%
31
63%
63
13% 13%
*74
*25% 26
44% 45%
15% 16
133% 134%
24%
24
44% 45%
95%
95
97
97
68% 69%
64%
64
160% 161%
Memphis & Charleston..
Michigan Central...................
91% 92
93%
*92
Mil. Lake Shore & West.........
88
88%!
88 % 88 %
89
Do
pref. 1091s lllia ! 110 % 111 % ili% 111 %
Minneapolis & St. Louis........ *19
20% *19
20
20
*19
Do
pref.
44
44
*43% 44% *43% 44%
Missouri Kansas < T e xas......
&
32% 3338 32% 33%
323s 32%
Missouri Pacific...................... 107% 108
108 108% 108% 108%
Mobile & Ohio........................
16% 16%
16% 16% *16% 17%
N ashv. Chattanooga&St. Louis
85% 85%
85% 85%
85
84
N e w York Central < Hudson. 1127 113
&
113 113% 113 113%
8
N e w Y. Chio.& St. L., assent’d
19% 19%
19% 195s
19
19
Do
pref., assented.
38% 33%
33% 33% *33
33%
N ew York Lake Erie < West’n
&
34% 34%
3413 34% 34% 35
'
Do
pref.
72% 73%
73% 73%
73
73%
N e w York & N ew E n g la n d ...
63
62% 63%
63%
61% 62%
N e w Y<.ra Ontario & W est....
191« 19°8
19% 19%
19% 19%
N e w Y ork 8us<p & W estern...
13%
13
133s 13%
13% 13%
37%
„
. Do
pref.
37
37% 38%
37% 38%
Norfolk & Western.................
2 1 % 22
* 21 % 22%
21 % 21%
Do
pref.
52% 53%
52% 53%
52%
52
Northern Pacific...................
29% 30 I 29% 29%
29% 29%
__
Do
pref.
6138 62%
61% 62%
62% 62%
313s 31%
Ohio & Mississippi.................
313s 31%
30% 313s
343a 35%
Oregon < Trans-Continental..
fc
34% 35%
34% 34%
Peoria Decatur < Evansville.
&
35% 35%
35% 35%
35% 35%
Philadelphia & Reading........
453s 47%
46% 47%
44% 46%
Richm’d & W est P ’nt Termin al
40%
40
40% 41%
40% 40%
Do
pref
74
75%
74
74
74
74%
Rome Watertown A Ogden sb’g
8t. Louis & San Francisco___
39
39%
38
38%
38%
38
Do
p re f____
79% 80%
77% 78%
78
79
Do
1st pref 117% 118% ’117% 118% 116% 116%
Bt. P au l & Duluth.........
67% 67%
67% 68
66% 67
Do
p re f...
. '108% 109% 108% 1C8% 109% 109%
Bt. Paul Minneap. & Manitoba 114 114
1143s 114% ’ 113% 114%
Texas & Pacific, 2d ass. paid.
28% 29%
28% 29%
28% 28%
Union Pacific..........................
61
61%
61% 6 L 78 61% 61%
W ab. St. L. & P.,P. Com. repts.
21
21 %
21 % 21 %
20% 21
Do
pref.
36% 36%
36
37%
36
36%
Wheeling & Lake E rie ...........
62% 63%
61% 63%
61% 62%
m is c e l l a n e o u s S t o c k s .
Colorado Coal & Iro n ............
43% 44%
43% 443s 43% 44
Consolidated Gas Co..............
84
85
85% 85%
85
86
D elaw are & Hudson C an al... 1043s 105
105 1053s 104% 104%
Oregon Improvement Co......
40
40
Oregon R ailw ay A N av. C o ... 101% 101% 102 102 % 100 101
Pact tic M a i l ..........................
55% 56%
57%
56
55% 56%
Philadelphia Co., Nat. G as___
’102 104% ’102 104%
Pullman Palace Car Co......... 152% 152% 152% 152% 152 152
Western Union Telegraph ....
76% 77%
76% 77
76% 76%
E x p r e s s S to ck s.
Ad am s.................................... 143 143
’142 145
142% 143
Am erican................................ 113 114
113 114
115 115
United States.......................... *62% 63
*62
63
*62% 63%
Wells, Fargo & Oo.................. 128 129
’128 130
’128 130
In a c t iv e S to ck s.
Buffalo Roch. & Pittsburg___
70% 70%
71
71%
70
71%
Central Io w a ..........................
13
13
13% 13%
13% 14
Chicago & Ind. Coal R ’w a y ...
66
66
67
67
67% 67%
Cincinnati Ham. & D ayton... 145% 146
Cincinnati Wash. & Baltimore.
5%
5%
*4%
5%
5
Do
pref.
*9
10
9%
9%
9%
Denv. & Rio Grande Western.
21 % 22
Keokuk & Des Moines...........
13% 13%
13% 13%
Mexican cen tral....................
16% 16%
17
17%
17
17%
M orris & Essex....................... 137% 139
’137 139
’137% 139
Oregon Short Line..................
30
30
Pitts. Fort W ayne & Chio......
147 147
Bt. Louis Alt. & Terre Haute..
34
34
33% 33%
Bt. Louis Ark. & Texas...........
22 % 22 %
Southern Paeifio C o ..............
34% 35
*34% 35%
Cameron Iron & Coal............
45% 47%
47% 48
47% 47%
Columbus & Hocking C oal___
47% 48%
47% 48%
47% 47%
N e w York & Perry Coal........ ’71
71% 71% *70% 71%
Tennessee Coal & Iron...........
46%
47% 48
46% 47
V a r i o u s S t o c k s . A c . (Uni isted.)
Amer. Cotton Oil Trust.........
51% 53%
53
53%
52% 53%
Pine Line Certificates............
64% 64%
63
62% 63%
64%
Lake Erie & W este rn ...........
24
23%
23
24
24
24
Do
do
pref.
59
60
58
58% 59
58%
Boston H. & Erie, n ew ...........
12% 12% 12% 12%
12
18%
D es Moines & Ft. D -dge........
17% 13%
17% 18
17% 17%
M exican National, pref.........
32% 34
30% 32%
34
34
14
14%
64
64%
61% 61%
81% 83
*41
42
*8
9%
*14% 15%
10% 10%
144% 144%
91% 92%
120% 120%
119% 119%
148 148
126% 127
20 % 21 %
48% 50%
52% 52%
112% 112%
65% 65%
31
32%
137 138%
31
32
63% 63%
13% 13%
*74
76
*25
26
92% 93
45% 46%
157 16
s
135 135%
24
24
45% 46%
947 95%
s
96%
68 % 69%
64
65^
160% 161%
93%
*86
110
*19
*42
32
108
*84
113
18%
33%
34%
72%
61%
19%
13%
37%
20 %
52%
29%
61%
30%
34
35%
44%
40%
74
92%
93%
44
43%
.32%
32%
108% 108
16
85
84%
113% 113%
19
18%
33%
33%
34%
35%
74%
74%
63
60%
19%
19%
13%
13%
37%
37%
20 %
21 %
52%
52%
30%
29%
62%
61%
31%
30%
34%
34%
35%
35%
46%
44%
41%
40%
75% *75
43%
32%
109
16
84%
114
18%
33%
35%
74%
63%
19%
13%
37%
88% *85
88
110
110% 111
20
*19% 20
21%
53
30%
62%
31%
34%
35%
46%
41%
76
38% 38%
38% 38%
78
78%
77% 78%
116% 118% 117% 117%
66 % 67% 67% 67%
109 109
109% 109%
114% 114%
28% 28%
28% 29
61%
60% 61%
61
20% 21 % 20 % 21
35% 36
35% 36%
61% 63
61% 62%
13% 13%
63% 63%
60% 61%
81% 81%
40% 41
*8
9%
15
15
*10
10%
144 144
91% 92%
*120 121
119% 120%
147 147
126% 127
21% 22
50% 52%
51% 52%
112% 112%
66
66
30% 31%
137% 138%
30% 31%
63
63
13
13%
*74
75
25%
25
95
95
44% 46%
16
16
135 135%
25
25%
46
46%
94% 95%
11,685 10% Feb.
10,2 h0 59% Mar.
8,170 52% Feb.
32,945 55% Jan.
980 33 Feb.
165
8 Feb.
275 14% Mar.
200
9 Mar.
1,364 136% Jan.
73,352 85% Feb.
662 117% Jan.
14,358 110 Feb.
447 138% Jan.
1,305 124% Mar.
9,362 16 Feb.
23,235 35 Jan.
29,219 45% Feb.
3,100 106 Feb.
1,874 59 Feb.
6,861 28% Mar.
137,926 131% Feb.
3,500 21% Feb.
3,103 56% Jan.
4,610 12% Mar.
315 71% Feb.
1,364 21% Feb.
1,373 84 Mar.
.17.675 21 % Feb.
2,266 12 Jan.
3,780 128% Feb.
1,024| 17% Feb.
33,180 38% Mar.
46,725 90 Feb.
645 93 Jan.
67
68 % 57,230 57 Feb.
66
66 %
2,650 58 Jan.
158 159% 49,795154 Jan.
51 Jan.
93
93
656 86 Jan.
87
87%
1,120 66 % Jan.
110% 111
4,785 98 Jan.
*19
20
17% Feb.
*42
43%
200 40% Feb.
31% 32% 18,095 26% Feb.
108% 109
8,557 104% Feb.
16
16
600 14% Feb.
83% 83%
1,800 79% Feb.
113% 113%
7,5881110 Feb.
*h6 % 19%
1,330 16% Mar.
33% 33%
1,510 27 Mar.
34% 34% 96,320 29% Feb.
74% 74%
3,680 65% Jan.
59% 60% 116,660 51 Jan.
*18% 19%
1,081 15% Feb.
13% 13%
6,578 11 Feb.
37% 37%
‘ —
4,010 31 Feb.
21 % 21 %
1,467 17% Feb.
51% 52
10.400 43% Feb.
29% 29% 16,227 26% Feb.
61% 61% 21,897 56% Feb.
30% 31%
7,828 22% Feb.
33% 34% 24.400 29% Jan.
35
35%
4,110 30% Jan.
44% 45% 841,295 34 Feb.
40% 41% 55,105 37% Mar.
1,423 72 Mar.
80 Feb.
38
38%
8,810| 30 Jan.
77% 78% 12,265 61% Feb.
'116 118
7301112 Jan.
67
67%
2,941 55% Jan.
109% 109%
795 107 Jan.
114% 114%
1,450 113 Feb.
27% 28% 15,730 23% Feb.
60% 61% 56,088 53% Feb.
20% 20%
5,960 13% Feb.
35
35%
8,670 23% Feb.
60% 62% 23,300 53 Apr.
43% 43%
43% 44
43% 44%
85% 86% 85% 85%
85% 86 %
104% 104% 104% 101% 104% 104%
100% 100% 100% 101%
56% 57%
55% 57%
55% 56%
104% 104% 104 104% ..................
151 151
351% 151% 152 152
76% 77
76
76%
76% 77
142% 142% 143 143% ’141% 144
114 116
114% 114%
113 116
63% 63%
63
63%
63% 63%
129% 129%
128 131 j 127 129
72
71
71%' 72
14
13% 13% *13
66% 67
66 % 67
*5%
9
5%
9%
20 % 20 %
72%
13%
66 %
6
9%
9%
9%
16% 16% *16%
16% 16%
139 139% 139% 139% 139%
28% 28%
148 149
*34% 35%
33%
47% 48
47% 47%
71
71
46% 46%
52%
62%
23%
58%
11 %
17%
34%
These are the prices bid and asked ; no sale w as made at the Board.
93%
13% 14
63% 64%
61% 62%
81% 82%
41
41
*8
9%
14% 14%
10% 10%
144 144
92
92%
120% 120%
119% 120
147 147
127 127
21% 21%
50% 51%
51% 52%
112% 112%
66
66
31% 32
137% 138%
31% 31%
63% 63%
13% 13%
*74
75%
25%
25
95
94
46%
46
16% 16%
135% 135%
25% 25%
45% 47%
95%
95
97
97
68% 69%
66
67
156 160%
53%
64%
24%
59%
12 %
17%
36%
34% 34%
47% 47%
47% 48%
34%
47%
47%
47
47
47
52
62%
24%
59%
53%
63%
24%
60
53
62%
24
59%
10 %
17%
11% 12%
17%
36%
17%
37
13,760
24,081
9,092
125
1,991
32,155
350
564
34,599
1
5
14% Apr. 18
68 % Jan. 13
63% Jan. 3
86 % Apr. 13
43% Apr. 12
9% Jan. 8
17 Jan. 13
11% Jan. 20
144% Apr. 19
93% Apr. 7
122% Mar. 23
121 % Apr. 1
149% Mar. 28
127% Apr. 2
22 Apr. 22
52% Apr. 22
53 % Apr. 12
113% Apr. 12
6« . Apr. 11
39% Jan. 11
138% Apr. 21
32% Apr. 14
66 Jan. 13
17 Jan. 3
82% Jan. 13
32 Jan. 3
100 Apr. 9
46% Apr. 21
17 Apr. 7
135% Apr. 21
27 % Apr. 1
47% Apr. 21
96% Jan. 14
98 Feb. 8
70% Apr. 14
67 Apr. 21
161% Apr. 20
64% Apr. 5
93% Apr. 4
90% Mar. 28
111% Mar. 28
20% Apr. 2
45% Jan. 13
34% Apr. 9
110% Feb. 25
19% Jan. 8
88 % Jan. 3
114% Jan. 17
20% Apr. 4
35 Apr. 6
35% Apr. 12
74% Feb. 25
66 Mar. 29
20% Jan. 3
14 Feb. 14
38% Feb. 14
23% Jan. 3
54% Apr. 14
30% Apr. 20
62% Apr. 18
32% Apr. 4
35% Apr. 7
36% Feb. 10
47% Apr. 18
53 Jan. 17
87% Jan. 17
95 Jan. 17
40% Apr. 15
80% Apr. 15
118% Apr. 16
69% Apr. 9
110 Mar. 4
119% Feb. 19
30% Apr. 1
62% Apr. 6
22 Apr. 14
37% Apr. 14
63% Apr. 18
35% Feb.
45% Apr. 11
79 Jan.
86% Feb. 2
100% Mar. 14
38 Feb. 1 47 Jau. 13
96% Feb. 1 104% Jan. 3
48% Jan. 8 58% Apr. 7
104 Apr. 21 115 Feb. 8
139% Jan. 4 153% Mar. 28
70% Feb. 1 78% Mar. 9
250 139% Jan. 4 146
390 107 Jan. 5 115
329 62 Feb. 17 64%
83 126% Jau. 25 130
73
13%
66 %
1.395Ì 33% Jan.
1,550 10 Feb.
1,400 66 Apr.
500 130 Jan.
4% Mar.
420
6
7% Feb.
9%'
2,410
350 19 Mar.
500 10 Mar.
17
4,205 13% Jan.
139%
700 127% Mar.
350 26 Mar.
134 145 Jan.
33%
600 30 Jan.
125 21 Mar.
34%
645 29% Mar.
47% 11,025 39% Jan.
7,530 35% Feb.
48%
400 62% Jan.
47
1,650 41 Mar.
53% 16,029
63 6 ,073,000
6^239
24%
23,491
61
10 %
6,900
4,620
17%
3,700
42%
60
21
52
19
28
16
3
23
5
15
22
5
9
22
10
8
17
5
4
24
3
2
Feb. 10
Apr. 19
Jan. 11
Feb. 8
74% Apr.
Jan.
67% Apr.
155 Jan.
7 Jan.
10% Jan.
23% Jan.
14 Jan.
22 Apr.
141% Feb.
31 Jan.
149 Apr.
35 Jan.
25 Feb.
36% Jan.
49% Jan.
48% Apr.
72% Apr.
54% Jan.
6
10
19
11
13
14
13
13
9
11
3
21
20
12
10
27
16
5
14
Mar. 1 64% Jan. 3
Feb. 16 72% Jan. 11
Apr. 5 26% Jan. 20
Jan. 5 63% Jan. 20
A
p r il
THE
23, 1887.]
521
CHRONICLE.
B O N D S -L A T E S T PR IC E S OP A C TIV E BONDS A T N. Y. STOCK EXCHANGE, AND RANGE SINCE JAN.
Closing.
Railroad Bonds.
Guar., 4s, 1937.
Jan. South.—1st g
2d, 5a, 1913......
Consol. 7s, 1899. assent.........
Convert. 7s, 1902, assent......
Adjust. 7s, 19«>3.. - - - - - ..........
Convert, deb. 6s, 1908.------Central :
Apr. 22 Apr. 15
33
87 b.
1107
1 92
1 91 b.
|l07
115 b.
115 b.
107
97*4b.
112*3b.
1
103*4».
32*8
86 %
106 b
92*8
91
107
115
115
107*3
96*4
113 b.
102 *3b.
116*sb.
113 %D. 113
101 %b.
i'l3**b.
76*3
1 l6 *
27 b.
27*3
1 96 b.
106 *aa. ...........
116%b.
1 0 i*ab.
106% 107%
97 b.
100 b.
I21%b. 121*3b.
129 b. 1*9 *sb.
Consol. 7 s, 1905..................
117*2b. 117 b.
1st, So. Min. Luv.—6s, 1910.,
109 a. 108 b.
1st, Chi. & Pac.W .Div—5s,
10ó*2b.
Wie. & Min. D iv .-ö s , 1921 . 10o%
105 a. 103*sb.
Terminal 5s, 1914................
140 b. 139*80.
Chic. A N. W.—Consol. 7s, 19
131%
131*4
Gold, 7s, 1902.....................
117 b.
Sinking fund 6s, 1929..........
109
109
Sinking fund 5s, 1929.........
Sinking fund debent. 5s, 1933 : v •¿v 110
25-year debent. 5s, 1909... ~ Í 0 a%b. 108*4
10a%b
Chi. R. I. & Pac.—6s, ooup. t t t
1087
s 108*3
Exten. & tol. 58,1934...
122 b. 123
124 b.
100% 100 *sb.
110 b.
o. C. C. & Ind.—Gen. 6s, 1934 . 111
Col. Coal & I r o n - 1st, 6s, 1900. 102 b. 102 b.
79*4b. 79 %D.
Col. H. Val. & Toi.—Con. 5s, ’3]
75 b. 76
Gen. gold. 6s, 1904...............
121 *4b. 120 b.
79*3
79%
1st con. 4s, 1936 ..................
81 b. 81 b.
Den. & R. Gr. W .- 1st, 6s, 1911
7 o*4
Assented........................ ..... - 77
70 a. 72 ».
53%
54 b.
lu 0*8 100
Eliz. Lex. & B. Sandy—68,1902 103% 104 a.
133
133 b.
115 b. 117 a.
Long Dock, 7s, 1893.........
117*2 117
Con. 68,1935..................
102% l u l *2
N .Y .L .E .A W —2d con. 6s, Li
Funded coupon, 5s, 1969
94*4
Ft. W. & Denv. C. -1st, 6s, 1921 94*3
1 0 / b. 108*3
2d M., 7 b, 1905.....................
97 a.
West. Division—1st, 5s, 1931
2d, Is, 1931........................
103 " b ! ...........
46
44
2d Income 8s, 1911........
121% 121 %a.
Gulf Col.&San.Fe—1st,7s,
Gold, 6s, 1923......................... 102*3b. 102*3
Henderson Br. Co.—1st, 6s, 1931 107 %b. 108
115*4 115 b.
1st, West. D., 7s, 1891, cou. off. 110 b. 109 b.
114*4b.
2d, consol. M. L. 8s, 1912____ iÖ3%b.
Gen. mort. 6s, 1921................ 71
70 b.
1 1 Central—1st, gold, 4s, 1951 108
1.
107 b.
97 b.
Geld, 3Las, 1951....................
120 b. 120
96 b.
1st, 5-6s, 1909....................
84*2b. 85
2d, 5-6s, 1909.....................
95 b. 95*sb.
Eastern Division—6s, 1921
33 b. 33 b.
Income, 6s, 1921............
Int. & Gt.Nor.—1st, 6s, gold, ’19 119 b.
95
Coupon, 6s, 1909..................
95%a.
Kent. Centr.—Stamped 4s, 191Ï 72 b. 73 b.
Knoxv. & 0 .—1st, 6s. gold, 1925 95 b. 97 b.
Lakes h.—Con.coiip., 1st, 7s, 1900 126 b 126 b.
124% 124%
Con. coup., 2d, 7s, 1903.
122*3b. 122*3b.
Long Island—1st, 7s, 1898
114 a.
1st, consol., 5s. 1931....
Lou. & Nash.—Consol., 7s, 1898 118*3
118 b.
N. O. & Mobile—1st, 6s, 1930 109
109%
2d, 6s, 1930..............9778
96*4b.
E. H. & N.—1st, 6s, 1 9 1 9 . !. " i 115 b.
General, 6s, 1930.........
Trust Bonds. 6s, 1922.
108% " 108
10-40, 6s, 1924.....
...... 104 *4b.
Lou. N. A. & Oh.-1 s t, 6s, l ô ï â ’ 109%
Consol., gold, 6s, 1916............ 98 a. 95
Mem. & Ch’lston—6s, gold, 1924 105*3 101 b.
Metro. Elevated.—1st, 6s, 1908 118*4b. 118*4b,
2d, 6s. 1899............... ......
113 a. 111 b.
Mich. Central—1st, con., 7s.’ "’02 130 b. 130 b.
» » s s ri Pac.—1st, cons., 6s,1920 119 a. 119
3d, 7s, 1906.........
124*2b.
Pac. of Mo.—1st, 6 s ;Ï8 88
103
2d mort., 7s, 1891.............. 109 b
6s, currency, 1918 ---------------Mort. 6e, 1911...........
Ches. O. & 8o. W.—5-6s. 1911...
Chicago & Alton—Ist, 7s, 1893.
Chlc.Bur. & N o r .-Is t , 5s, 1926.
Chic. Burl. & Q.—Deb. 5s, 1913
Denver Divis., 4s, 1922... ....
........
........
........
........
Range since Jan. 1.
Lowest.
130 Feb.
I I 713 Jan.
108 Jan.
108*4 Jan.
10738 Jan.
130 Jan.
108*4 Apr.
120*8 Mar.
124*a Apr.
98% Jan.
107 Jan.
98 *a Feb
75 Mar.
70 Mar.
118*3 Feb.
76*4 Feb.
79 Mar.
73% Mar.
68 Apr.
49 *a Feb.
98*4 Feb.
103*2 Apr.
132*3 Mar.
113*2 Jan.
115 Jan.
93% Feb.
88*2 Feb.
88*4 Jan.
106 Feb.
110*2 Jan.
96% Apr.
92*8 Jan.
99 Jan.
38 Jan.
120% Jan.
101*2 Jan.
106*a Mar.
112% Jan.
108 Mar.
13 Feb.
94 Feb.
66 % Feb.
107 Fei».
98 Jan.
L19*3 Jan.
91*a Jan.
77*3 Jan.
91 Jan.
30*4 Jan.
L17 Jan.
93 Jan.
64 Jan.
95*4 Jan.
98
.09
93
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Feb.
Railroad Bonds.
Highest.
25*2 Feb.
85*s Mar.
104% Feb.
90*2 Mar.
86 Feb.
105 *s Feb.
107Hi Jan.
l t >9 Jan.
10534 Jan.
*3% Jan.
110 Jan.
99 Jan.
1133a Feb.
1113a Feb.
102 Apr.
112 Mar.
76 Mar.
73 Mar.
27 Feb.
963a Apr.
101 Feb.
lid
Jan.
10433 Jan.
106 Jan.
973g Apr.
983a Jan.
120 »a Jan.
128 Jan.
115 Feb.
I 0634 Jan.
10534 Apr.
L21 Feb.
L13 Feb.
L18 Apr.
L05 Jan.
90% Jan115 Jan.
.07 Jan.
Closing.
34*a Apr.
90 Jan.
107 Mar.
95*a Jan.
91 Apr.
110 Jan.
115*a Apr.
115*3 Apr.
107 *2 Jan.
100 Apr.
116 Feb.
103*a Mar.
118% Mar.
115*8 Mar.
105 Mar.
114 Mar.
81 Jan.
75*4 Jan.
32 Jan.
100 Feb.
106*2 Mar.
117 Apr.
107*2 Mar.
108*a Apr.
99 Jan.
103 Apr.
122 *2 Jan.
130 Jan.
118 Feb.
109 Jan.
1067 Jan.
8
10 l 7 Apr.
e
142 Jan.
133 Jan.
120 Jan.
[110*3 Mar.
110*4 Mar.
10S*a Jan.
135 Jan.
110*a Feb.
123 Apr.
127*3 J«n.
102 Feb.
111 Mar.
103*2 Mar.
887 Jan.
8
91 Jan.
120*2 Feb.
80 Jan.
82 Apr.
78 Jan.
80 Jan.
55*9 Feb.
100*4 Apr.
108 Jan.
136 Jan.
115 Mar.
120 Mar.
1027 Apr.
8
94 Apr.
95*2 Apr.
109*2 Mar.
Ill
Jan.
100*8 Jan.
92*4 Feb.
107 Apr.
46*2 Apr.
122*4 Jan.
105 Mar.
110 Feb.
115*3 Apr.
110 Jan.
115 Mar.
104 Apr.
72% Apr.
108*4 Jan.
99*4 Jan.
124 *4 Feb.
9 7 Feb.
86 Jan.
96*4 Apr.
34% Apr.
122 M .X
,
98 Feb.
72 Feb.
100 Jan.
128 Jan.
124% Apr.
124 Mar.
115 Feb.
121*3 Feb.
109% Apr.
977 Apr.
8
116*4 Mar.
112*3 Apr.
108% Apr.
103 Apr.
110*2 Jan.
97 Mar.
106 Apr.
119 Jan.
113 Apr.
131 Apr.
119 Apr.
126 Apr.
105 Jan.
110 Jan.
1, 1 8 8 7 .
Range since Jan, 1.
Apr. 22 Apr. 15
120*3b 118 Feb.
116*48. ........... 114 Jan.
101*9 Feb.
132 Jan.
132 a.
85 Apr.
iÖ i*sb. Í 0 2 ”
96*9 Feb.
89*3 1 89*3
.
83*9 Feb.
111% 109*9 Feb.
112
112*3b. l l l * s b 1087 Feb.
b
104*3». 104*3a 104 *9 Apr.
64
60 Jan.
62*3
88
88 b 8 4*9 Feb.
129 b.
128*3 Mar.
1067
sb 105*4 Jan.
107
N.Y.O. A H . —1st, op.. 7s, 1903 I35*3b. 137 a 133*4 Jan.
Debenture, 5s, 1904............ 107% 107 b 106 Mar.
N .Y .A Har.— 1st, 7s, 1900...... 13314b. 132*4b 131 Apr.
98 b. 85 Jan.
N. Y.Chio. ASt. L.— 1st, 6s, 1921.. 98*4
2d mort., 6s, 1923................... 95 b. 95 b. 70 J an.
65*9 Jan.
78%
8
N .Y . City A No.—Gen., 6s, 1910. 78 7
122*3 121*4 Mar.
N .Y . Elevated— 1st. 7s, 1906.... 123
126 b 125*9 Jan.
N . Y. Laok. A W.— 1st, 6s, 1921. 126*3
Construction, 5s, 1923........... 108 *sb. 108 *3b 107 Feb.
108 b 107 Jan.
N. Y. Out. A W.— 1st. 6s. 1914.. 109
91*9 Jan.
N.Y.Sus. A W .—1st,6s, ’ ll.o p .o ff
75 b.
69 Feb.
Debenture, 6s, 1897, coup, oil
110*2b. 110 Apr.
Midland of N. J.—1st, 6s, 1910 112
83*sb. 84
75*9 Feb.
N. O. Paoido— 1st, 6s, 1920.......
North. Pacific— 1st,coup.,6s, ’21 I17*4b. 117% 115 Feb.
1037 Jan.
8
Gen’l, 2d, coup., 1933............ 105*8b. 105
106*9 Jan.
James R. Val. 1st, 6s, 1936..
N. Pac.Ter.Co.—1st, 6s, 1933... 105% " 105 b. 104 Jan.
Ohio A Miss.— ConsoL, 7s, 1898. 119 a. 118*sb. 117% Mar.
113 a. 118 Ja i.
2d, consol., 7s. 1911...............
I l l b. 109 Jan.
Springfield D iv.—7s, 1 9 0 5 ___ 112
110 a. 111*3 102 Feb.
Ohio Southern—1st, 6s, 1921. ..
40 Jan.
2d, ino., 6s, 1921..................... 44 b. 45%
Oregon Irnpr. Co.—1st, 6s, 1910 96 b.
917 Mar.
a
Ore. R. A N a v . Co.—1st, 6s, 1909 110% Ü Ó b. 103 Jan.
Consol., 5-*, 1925..................... 105 b. 105*8 102*9 Feb.
Oregon ATransoon.—6s, 1922.. 104*4 10313b. 100 Feb.
110 Mar.
Peo. Deo. A Evans.—1st, 6s, ’20 112 b.
Inoome, 6s, 1920.................... 86 b. 87
81*9 Jan.
110 b
108 Mar.
Evansv. D iv — 1st, 6s, 1920...
86 b. ' 86*31)' 79*9 Jan.
Income, 6s, 1920
66 Jan.
Rich A A ll.— 1st, 7s, 1920. tr. rec 75*sb, 76
113
Riohm. A Dan.—Cons., 6s, 1915 113
111*3 Mar.
114 a.
106 Feb.
Debenture, 6s, 1927
Rooh. A Pitts.— 1st, 6s, 1921... 114 b, 120 b. 114 Feb.
103 Jan.
Consol., 6s, 1922..................... 114 b,
I l l b. 110 Jan.
Rome W. A Ogd.— 1st, 7s, 1891.
101%b. 101*3 Apr.
Consol., extend., 5s, 1922...... 101*3
St Jo. A G d .Isl.— 1st, 6s, 1925 . 107%b, 107% 105*2 Mar.
2d, income, 5s, 1925 ............ 75 a. 7313b. 70 Mar.
St L. Alt. A T.H — 1st, 7s, 1894. 115*8b, 115*sb. 114 Jan.
2d, M., pref., 7s, 1894............
112*3». 110 Feb.
2d., M., inc.. 7s. 1894............. 106 b,
107 Feb.
40 a. 35 Jan.
Dividend bds, 6s, 1894 .........
102
98 *9 Feb.
St. L. Ark. A Tex.—1st, 6s. 1936 102
52
49*9 Feb.
2d, 6s, 1936............... ........... 50*3
St. L. A Ir. Me.—1st, 7s, 1892... 111 b 111 b, 110 Mar.
113 Jan.
2d mort,, 7s, 1897..................
95
Gen. R v. A land gr., 5s, 1931. 95%
94 Apr.
St. L. A San F r . - 6s., Cl. A ,1906 116 b. 116 b 115*9 Jan.
6s, Class B, 1906.................... 116 b. 116 b. 114*3 Jan.
6s, Class C, 1906..................... 116 b. 116 b. 1143a Jan.
Gen’l mort., 6s, 1931.............. 112*3 113
108*9 Feb.
So. Pac., Mo.— 1st, 6s, 1888... 102
102*9 101*3 Jan.
St. Paul M. A M.—1st, 7s, 1909. 116 b. 117 a. 110*8 Jan.
2d, 6s, 1909............................. 119 b.
18 Feb
13 Mar.
1st cons., 6s, 1 93 3................. 119*4b 120
99%
Do
reduced to 4*ss.. 99%
98 Feb.
Shenandoah V a l.- 1st, 7s, 1909 101 b. 100%
96 Jan.
Mar.
Gen’l mort., 6s, 1921.............. 51 b 1 48*4
So. Carolina— 1st. 6s, 1620........ 98*2b. 98*3 b. 98*2 Apr.
2d, 6s, 1931.............................
80 Jan.
Inc., 6s. 1931........... .............. 21 b. 20*4b. 19 Mar.
So. Pac., Cal.—1st, 6s, 1905-12.. 132*4b. 112*4b. 10*8 Feb.
So. Pac., Ari.—1st, 6s, 1909-10.. 112 b.
110 Feb.
105% Jan.
So. Pac., N. M.—1st, 6s, 1911.
Tex. A Pac.— Inc. A Id gr, 7s, ’15 62
62%"" 58*9 Feb.
Rio Grande Div.— 6s, 1930 .. 75*3
64 Feb.
75
69 b. 65 Mar.
Gen. mort. A term., 6s, 1905.. 69%
96
Tol. A.A . A N. M.—1st, 6s, 1924
89 Jan.
937
8
Tol.A.A. A Gr.Tr.—1st, 6s, 1921 105 b.
103 Jan.
Tol. Peor. A West—1st, 7s, ’17 . 107 b. iÖ7*3b 104 Jan.
Tol. A Ohio Cent.—1st, 5s, 1935 98*3
98 b. 95 Jan.
Union Pacific-1 st, 6s, 1»99___ 118 b. 117*3 114 Jan.
Land grant, 7s, 1867-9
103*3b.
102 Jan.
Sinking fund, 8s, 1893........... 116*3 116
115 Mar.
Kan. Pacific—1st, 6s, 1895
113 b. 112 *9b. 111*9 Feb.
1st, 6s, 1 8 9 6....................... 114 b. 113 b. 111*9 Jan.
Denver D iv.—6s. 1899........ 11714b. 116*a'u. 114 Jan.
1st consol, 6s, 1 9 1 9 ........... 107*3 108 b 104*2 Mar.
8 105*3 101 Mar.
Oregon Sh. Line 1st, 6s, ’22.. 1047
97 a. 96 Apr.
Virginia Mid.— Inc., 6s, 1927.... 96
Wab. St.L. A Pac. - Gen., 6s, ’20 5713b. 58 b. 49 Jan.
8
89 Feb.
Chicago Divison—5s, 1910 ... 98*sb. 977
W abash—Mortgage, 7s, 1909.. 88 b. 89 b. 84*2 Mar.
Tol. A W ab.—1st, ext.. 7s, ’90 114 b. 114*8b. 110*4 Jan.
l l l% b . 106 Jan.
1st, St. L. Div.. 7s, 1889...... 113*4
2d, extended, 7s, 1893........ 103 b. 102 *9b. 99 Jan.
91 b. 84 Mar.
Con., conv., 7s, 1907...........
Great West.—1st, 7s, 1888___ 114*8b. 113*3b. 109 Jan.
2d, 7s, 1893......................... 103*4b. 103 b. 99 Jan.
St.L.K.C. A N.—R eA r.,7s,’95. 11113b. 110*3b. 109 Mar.
West Shore—Guar., 4s .............. 103*8 102%
102*4 Mar.
Mil. Lk.Sh. A W .—1st, 6s. 1921
Miohigan Div.— 1st, 6s, 1924..
Income, 6% 1911 ..................
Minn. A St. L.—1st, 7s, 1927....
Imp. A Equip.—6s, 1922........
Mo K .A T e x .—Con., 6s, 1920,
Consol., 5s, 1920___ : ..........
Consol., 7s, 1904-5-6...............
Mobile A Ohio—New, 6s, 1927 ..
1st, Extension, 6s, 1927.........
1st pref. debentures. 7 s .........
Mutual Un. Tele.—S. f., 6s, 1911
Nash. Ch. A St. L .—1st, 7s, 1913
........
Highest.
122 A p r.
117 Jan.
107 Apr.
133 Jan.
90 Jan.
102*9 Apr.
89% Apr.
113*9 Jan.
114 Apr.
106 Jan.
66*9 Mar.
89 Mar.
131 Apr.
107*8 Apr.
136 Mar.
1097 Feb.
a
133*9 Apr.
99*4 Feb.
97*8 Apr.
80 Apr.
123 Jan.
128*9 Apr.
110 Jan.
110% Feb.
95 Feb.
71*4 Jan.
114 Jan.
86 Feb.
118*3 Apr.
107*2 Mar.
109*4 Feb.
105*9 Mar.
123 Apr.
119 Jan.
112 Apr.
111*9 Apr.
47 *9 J an.
96*9 Apr.
110*9 Mar.
106 Jan.
104*9 Apr.
114 Jan.
87 A p r.
112 Feb.
86 Mar.
7 7 Apr.
113*9 Jan.
1
14 A p r.
120 Mar.
117 Apr.
111 Apr.
104*8 Mar.
108*3 Apr.
75 Apr.
115 A p r.
112*4 Mar.
103 Jan.
38 Jan.
10238 Apr.
55*4 Jan.
115 Jan.
114*2 Mar.
99 Jan.
115*9 Jan.
117 Apr.
117*4 Apr.
113 A p r.
104*9 Jan.
118 Apr.
121 Mar.
120 Jan.
100 Mar.
102 Apr.
5 ¿*2 Apr.
107*2 Jan.
80 Jan.
28*9 Jan.
112*9 Jan.
112 Apr.
106 >9 Mar.
66*2 Feb.
76 Apr.
69% Apr.
96 Apr.
105 M ar
112 Feb.
9 9 % Jan.
L19% Mar.
10z% Jan.
120 Feb.
114*3 Mar.
115 Mar.
117*4 Apr.
109 Apr.
107*9 Jan.
99 Jan.
60 Jan.
99% A p r.
90 A p r.
114*2 A p r.
113*2 Apr.
103% Apr.
95*2 Jan.
114 A p r.
103*2 Apr.
112*9 Feb.
103*4 Jan.
N ote -T h e letter “ b” indicates price bid, and “ a ” price asked; all other prices and the range are from actual sales.
STA TE BONDS.
SEC U RITIE S.
Bid.
Ask.
SE CU R ITIES.
Alabama—Class A, 3 to 5 .......1906 108% 109
Missouri— 6s...... due 1889 or 1890
'Mass fj, 5 s .. . . . .. . .
1QD6
113*2 115
Asylum or University, due 1892
104*2 1047g
Funding................... 1894-1895
6s, 10-20---- . . . . . . . . . . . ___ ..1900 104
N ew York—6s, loan................1892
Arkansas—6s, funded'.. 1899-1900
12*4
6s, loan ................................1893
7s, Little Rock & Fort Smith, iss
" 4”
3
North Carolina—6s, old...........J&J
7s, M em phis & Little Rock, iss
30
Funding act ....................... 1900
7 s, Arkansas Central R R
" 12 “ 15
N ew bonds, J. & J ___ 1892-1898
Georgia—7s, gold.............. .'.'.*1890 108 109
Chatham R R .............................
Louisiana—7s, cons......... .
1914 100
Special tax, Class 1......... .........
89*8 90 "
Consolidated 4s................... 1910
Michigan—7s.. . . _____ .......1 8 9 0 107
6s..........................................1919
Bid.
Ask,
106*3
112
115
1 l5
118
35
12*2
22
10
14
98
123
16
101
125
SE C U R IT IES.
Rhode Island—6s, cou.. 1893-1894
Somh Carolina—6s, non-fund.1888
B io w n consolidated 6s...... 1893
Tennessee—6s, old........1892-1898
Compromise, 3-4-5-6s.......... 1912
N ew settlement—6s............. 1913
5s.......................................1913
3s ..................................... 1913
Virginia—6s, old.............................
6s, consolidated bonds............ .
6s, consolidated, 2d series...... .
6s, deferred, trust rec.................
Bid.
Ask.
116
7
8
109*3 111
65
66*3
75
105
107*8
102
108
77*4 77%
48
90 ]
65
13%
13
522
THE
CHRONICLE.
[V O L .
XLTV,
BONDS—STOCK EXCHANGE QUOTATIONS ON F R ID A Y OF IN A C T IV E R A IL R O A D BONDS.
SE CU R ITIES.
Bid.
Ask,
R ailroad Bonds.
( Slock Erchange Prices.)
Atcli. Top. & San. Fe—4 % s...1920
Sinking fund, C s .................1911
Beecn Creek-1 s t gold, 4 s ___ 19361........ 95
Balt. & Onio—1st6s, P a r k B ..1919 ........124
5s. gold ............................... 1925) 110% 110%
Registered......... ......................
Boat. H . Tun. & W.—Del). 5s...l913| 95% 99
B ari. Cedar Rapids & Nor
1st 5 s ................................. 1906 *107%
Consol. & col. tr, 5 s .......... 1934,*.......
Registered.........
Minn. & St. L .—1st 7s, gu ..1927 132
_
Io w a C. & W e s t.- 1st 7 s_ 1909
Ced. Rap. L F. & N., 1st 6s.1920 *102 107
1st 5s.................................1921 103
Buff. N .Y & Phil.—Cons. 6 s ...1921
Trust certificates........................
General 6s............................ 1924
Trust certificates
50
Central Iowa—
Eastern Division—1st 6s ..1912
Illinois Division—1st 6s....... 1912
Chesapeake & Ohio—
6s, gold, series A ................. 1908
106%
Cites. O. & So. W est.—
2d 6s.....................................1911
Chicago & Alton—
Sinking fund, 6s...................1903
Louis. & Mo. River—1st 7s.. 1900 121*2
2d 7s.................................. 1900 121
St. L. J ack s.* Chic.— 1st, 7s. 1894 116%
1st, guar. (564), 7s........... 1894 *116=8
2d mortg. (360), 7s........... 1898
2d, guar. (188), 7 s.............1898
Miss. K. Bridge— 1st, s.f. 68.1912 lOct
Chic. Burling. & Quincy—
Conso idttted, 7 s ................ .1903 131% 135
5s, sinking iu n d ................... 1901
Iow a D iv.—Sink, fund, 5s.. 1919
Siuking fund, 4 s .............. 1919
97*2 98%
Plain, 4 s ............................ 1921
Chic. Burl. & N o .-D e l). 6 s .... 1896
Chi. R. Isl. & Pac.—6s, cou p ..1917
Registered...................................
Ext. & Col., 5 s .....................1934
Regist> r e d ................................
Keok. & Des M.—1st, 5 s ____ 1923 108%
Chicago Milwaukee & St. P au l—
1st, 8s, P. D ......................... 1898
2d, 7 3-10s, P. D ..................1898
1st, 7s, $ g., It. D ...............1902
1st, L a Crosse Division, 7s.. 1893
1st, I. & D., 7s.......................1899 125
127
1st, C. & M., 7s................... 1903 129
.........
1st, 7s, I. <r D. E x t ............... 1908 129
V
132%
1st, S. W. Div., 6s................ 1909
1st, 5s, La C. & D a v ............1919
1st, H. & D . , 7 s ................... 1910 126%|127
1st, H. & D., 5s.................... 1910
Chicago * Pacific Div., 6s.. 1910
Chic. & Mo. Riv. Div., 5s ... 1926
Mineral Point Div., 5s........1910
C. & L. Sup. Div., 5s........... 1921
Fargo & South., 6s, A s s u .. .1924
Tno. conv. sink, fund 5s.......1916
Dakota & tit. South., 5s...... 1916
Chicago & Northwestern—
Extension bonds................. 1926
Escanaba & L. S.—1st, 6 s ...1901
Dee M. & Minn. - 1st, 7s ....19 07
Io w a Midland 1st, 8 s ........1900
Peninsula— 1st,con v.,7s... 1898
Chio. & M ilwaukee—1st, 7 s.1898
Win. & St. P . - 2d, 7 s .. ........1907
Mil. & M ad.—1st, 68........... 1905
Ott. C. F. & St. P . - l s t , 5 s --1909
Northern 1 1.—1st, 5 ........... 1910
1
Cin. I. Sr. L. & Chicago—
1st, gold, 4 s ......................... 1936
Registered................................
d . Col. Cin. & Indianap.—
1st, 7s, s. f d ......................... 1899
126
Consol. 7 s ............................1914
131
Cons< 1. sink, fd., 7 s ...... ....1 9 1 4 123
Chio. St. Paul M. & O.—
Chic. 8. P. & Minn.— 1st, 6s. 1918
No. Wisconsin— 1st, 6s........1930
Chic. & E. 1 1.—1st, s. f., cur.. 1907
1
Consol., 1st, 6s.....................1934
Chic. & W. I u d . - l s t , s.f., 6s.. 1919
General mortgage, 6 ........... 1932 114
Chic. & St. Louis— 1st, 6s...... 1915
Col. & G reen.- 1st, 6s............. 1916
2d, 6 s .. . ............................... 1926
Col. & Cin. Midland—1st, 6s.. 1914
Del. Lack. & West.—Conv. 7s. 1892
Mortgage, 7 s ........................1907
--Svra. Bing. & N .Y .—1st, 7s. 1906 132 135
Morris & Essex—1st, 7s...... 1914
2d, 7s................................1891
Bonds, 7s........................ 1900
7s of 1871.........
1901
1st, eon., guar., 7 s ...........1915
Del. & Hud. Canal—1st, 7 s... 1891
1st, ext., 7 ».......................... 1891
Coupon, 7s,...........................1894
Register! d, 7s................... 1894
1st, Pa. l>iv., coup., 7s........1917
Registered...............................
Albany & Susque.—1st, 7s. 1888
1st. cons., guar., 7 s ......... 190b
Registered ............................
1st, cons., guar., 6 s ______ 1906 119 '420
Registered...........................
Bens. & Sar.—1st, coup., 7s. 1921
Registered................................
D et. Mack. & M a r.- 1st, 6 s...1921
Det. B a y C. & Alp. - 1st, 6 ___ 1933
E, Term. Va. & Ga.— 1st, 7a... 1900
Divisional 5s....................... 1930 105
Eliz. C. & N .—S.f., deb., 6s. ..1921
- 1st mortg., 6«
1920
SE CU R ITIES.
Bid.
Minn. & N. W .—let, 5s, ;
Missouri Kan. & T.—
H. & Cent. Mo.Mobile & Ohio—
.1936
.1934
.1911
.1890
.1892
.1931
.1920
.1918
Nasb. Chat. & St. L.—2d, 6s. .1901
N. Y. Central—6 s ............ . .18s7
N. J. June.—Guar. 1st, 4s___ .1986
Registered certificates......
1895
.1905
.1905
.1937
N .Y. Sueq.&West.— 1st,re!
.1903
N. Y . N. H. & H.— 1st, reg
Northern Pacific—
Spok. & P a l.—1st, s. fd.
.1936
St. Paul & N. P .—Gen.,
.1923
Registered...... ..........
.1915
N. O. & No. E . - P r . 1., g „ i
.1931
.1932
.1934
.1924
Ogd. & Lake Ch.—1st, 6s .
1920
Ohio & Miss.—Cons., s. f., 7 .1898
1932
General 5s......................
.1920
.1921
Ohio River R K .1936
.1921
.1910
Peoria & Pek. U ’n .1921
.1921
Pacific RR. —central Pacific1895
.1896
.1897
Cal. & Oregon—1st, 6s. .1888
1892
.1899
No. Railw ay (Cal.)—1st,
1907
Union P ae.-lfct, 6s......
.1896
1st, 6 s . . . . . . . . . . . . . . . . .
.1897
1st, 6s...... 1................
.1898
Col. Trust, 6s______ ...
.1908
Col. Trust, 5s..............
.1907
0. Br. U. P.—F. c., 7s .
.1895
.1905
1905
N o 1 rice F rid ay! the;C are latest quotations made this week.
Ask.
Erie— 1st, extended, 7s.........1897 123 125
2d, extended, 5 s ..................1919 '115 119
3d, extended, 4 % s .........
1923 104 108
4th, extended, 5s..................1920 115 118
5th, 7s................
1888 105
1st, cons., fd. coup., 7 s ..... 1920
Reorg., 1st lien. 6s........ ..... lt-08
B. N. Y . & E.—1st, 7s......... 1916 138 140
N. Y. L. E. & W .—Col. 1r., 6sl922
Buff. & S. W .—Mortg. 6s___ 1908 ' 90
Evan. & T. H :— 1st, cons., 6s. 1921 118%
Mt. Vernon—1st, 6s...... ...... 1923 '114 115
Evans. & Indian.—1st, cons...1926 '...... 112
F l’t & P. Marq.—Mortg., 6s. ..1920 119 125
Grand Rap. & Ind.—Gen. 5s..1924
92% 95
Registered...................................
Han. & St. Jos.— Cons., 6s..... 1911 119 120
H our. E. & W. Tex—1st, 7 s ...1898 ' 68
70
III. Cent.—Sp. D iv .—Coup.,6s,1898 117% 117%
Middle D iv.—Reg., 5 s ........1921
C. St. L. & N. O.—T en.L,7s. 1897 '118
1st, consol., 7 s ..................1897 118
2d, 6s.................................1907
Gold, 5s, coupon.............1951 '116%
Registered.............................
115%
Dub. & S. C.—2d Div., 7s ...1894
Ced. Falls & Minn.—1st, 7 s.1907
Ì07%
Indianap. D. & Spr.—
1st, 7s, ex. fund, coupon.... 1906 103 104
Lake Shore & Mich. So.—
Cleve. P. < A .—7 s .............. 1892 112
&
113
Buff. & Er.—N ew bonds, 7s.1898 121 123
Kal. & W. Pigeon— 1st, 7s... 1890 102
Det. M. & T.—1st, 7 s........1 9 0 6 126%
Lake Shore—Div. bonds, 7s. 1899 121 %
Consol., reg., 1st, 7 s ........1900 124% 125%
Consol., reg., 2d, 7 s ......... 1903
125
Mahon'g. Coal RR.—1st, 5s. 1934 ibe"
Long Island RR.—
N. Y . & M. Beach—1st, 7s.. 1897
N. Y . B. & M. B . - l s t , g . , 58.1935
Louisville & Nashville—
Cecilian Bran ch —7 s ........ ..1907
Pensacola D iv.—6s........ ....19 20 103 104
St. Louis D iv .—1st, 6 s ........ 1921 114%
2d. 3s.................................1980
60 " 7Ó
Nashv. & Decatur— 1st, 7s.. 1900 121
S. & N. A la.—S. f., 6 s ......... 1910 106%
Louisv. C. & L.— 6 s ............. 1931
j Pens. A At.—1st, 6s, gold.. 1921
99
ILou. N. O. & Tex.— 1st, 53____ 1934
Mauliat. Beach Imp. Co.—7s.1909
87% " 8 9 "
Mexican Ceutral— 1st, 7s____ 1911
E x coupons 6, 7, 8......................
(53^4 "63%
New assented, 4s................1911
Income bo n d s...............
1911
2 0 % 21%
Micb. Cent.—1st, con., 5s....... 1902 *112%
6 s ......................................... 190 m * ___
121
Coupon. 5 s ___ ______________ 1931
109%
Registered, 5s...............
1931 * ........ 109%
Jack. Lan. & Sag.—6 s ........1891 104
Milwauk. & Ni rtli.—1st, 6 s...1910 10«
Extension, 6 s ................... ..1913 107%
Milw. Lake g. & West.—
Ashland Div.—1st, 6s......... 1925
Minn. & St. Louis—
Iow a Ext.— 1st, 7 s..........1 9 0 9
120
2d mortg., 7s........................1891 100
Southwest Ext.—1st, 7 s ___ 1910
St. L. & Cairo - 4
Morgan’s La. & T.-
SE CU R ITIES.
Bid. Ask.
Union Pacific— (Continued) —
Ut. So.—Gen., 7 s............. 1909
90
Extern, 1st, 7 s .............. 1909
88
91
St. Louis & San Francisco—
1st, 6s, Pierce C. & 0 ........1919 *107
Equipment, 7 s ................. 1895 *107
Gen. mortgage 5s.............1931
99% 100
Kan. City & 8.—1st, 6s, g.1916 *100 108
Ft. S. & V. B. Bg.— 1st, 6s 1910
109
St. L. K .& So.W n.—1st, 6S.1916 'ibo" 104%
Tex. & Pac.—1st, 6s............ 1905
1st, 6s, cx coupon....................
Consol., 6s....................... 1905
Con. 6s, ex coupon.............
Trust receipts........... ........... . 101% 102%
Pennsylvania RR.—
Pa. Co.’s guar. 4%s, 1st op. .1921 106 106%
Pa. Co.’s 4%s, re g ................1921 106
Pitts. C. &St.L.— 1st,op.,7s. 1900 119
Registered........ ........................I
2d, 7s................................ 1913
Pitts. Ft. W. & C.—1st, 7 s... 1912 140% 142%
2d, 7s................................ 1912 139 140%
3d, 7s................................ 1912 135% 136%
Clev. & P. —Cons., s. fd., 7s. 1900 129
130%
4th, sink, fd., 6s............... 1892 107% 109%
St. L. V. & T. H .—1st, g., 7 s .l«9 7 119
2d, 7 s................................ 1898
110
2d, guar., 7s..................... 1898
Pine Creek R ailw ay— 6s of 1932
Pitts. Cleve. & Tol.—1st, 6s... 1922 113 115
Pitts. Junction—1st, 6s......... 1922
Pitts. McK. & Y .—1st, 6s...... 1932
Rich.&Danv.—Assen. deb., 68.1927
111%
Consol, mort.. gold, 5s........ 1937
93
A ll. & Char.— 1st, pr., 7s....l897| 114
Incom es...... ....................1900
Rich. & W. Pt. Ter’L T ru st6 s.. 1897:
102
San Ant.& Aran s.—1st,6s,’85-1916
90
1st, 6s......................... 1886-1926
¡Scioto V al.—1st, cons., 7s.......1910
Coupons off........... .................
65
St. Louis & Iron Mountain—
Arkansas Branch— 1st, 7s. .1895 113% 115%
Cairo & Fulton—1st, 7 s.......1891 107% 107%
Cairo Ark. & T. —1st, 7 s___1897 113 115
St. L. Alton & Ter. Haute—
Bellev. & So. 1 1
1 .—1st, 8s. ..1896 '122 125
Bellev. & Car.—1st, 6 s ........-1923 110 113%
¡St. Paul Minn. & Man.—
Dakota Exten.—6s...... .....1 9 1 0 120 % 120%
112
Min’s Un.— 1st, 6s................192
St. Paul & Duluth— 1st, 5 s ....1931 110 i i 3"
Sodus Bay & So.—1st, 5s, g ...l9 2
Tex. Central—1st, s. f., 7 s ___ 1909
*81’ *
1st mortg. 7 s ..................... .1911
81
Tex. & N. O.—1st, 7s..............1905 115
I Sabine Division, 1st, 6s.......1912 102 % Ì
"
¡Vir. Mid.—Genl. 5s.................1936
90
Wab. St. Louis & Pac.—
H avana Div.—6s.................1910
Indianapolis Div.—6s......... 1921
Detroit Div.— 6 s ................. 1921 ' 97
Cairo D iv.—5s..................... 1931
50
Tol. & W ab .—Equip. bds.,7sl883
Quin. & Tol.—1st, 7s........1890
9iì* 93
Han. & Naples—1st, 7s___ 190
1 1 & So. Iow a—1st, ex. 6s 1912 '“94’ ioo"
1.
St. L. K. C. & N . Om aba Div.—Tr. Co. rec.1910 117% 117%
Clarinda Branch—6s
1919
71%
103% 104%
St.Charles B r ’ge— lst,6s.l908 ibe 107
No. Missouri—1st, 7 s........1895 117% 118
90
96
Wab. St. L. & Pac.—Iow a Div., 6s
109 110
Trust Co. receipts.....................
West. Union Tel.—Coup. 7s.. .1900
120 %
Registered..............................
120 %
; ; ; ; ; ; N. W. Telegraph—7 s ..............1904 102
Wheeling < L. E., 1st M. 5s. .1926
fe
119 121
Tenn. C. I.& R ’y.—Consol., 63.1901
*110% 111%
South Pitts.—1st, 6 s ...........1902
102% ........
Bir. D iv.—1st con. 6s...........191
88 % 90
*103 104
Col. & Hock. Coal & I.—6s, g.,1917
In c o m e B o n d s .
(Interest payable i j earned.)
Atlantic & Pacific—
Cential Division—In come.. 1922
94
94
Cent. Iow a—Coup, debteertf’s . .
109
Chicago & East 111.—Income. 1907
D esM . & Ft. D .—1st inc., 6s.1905
105 107% Det. Mack. & Marq.—Iu e ...... 1921
118% 119
Eliz. City & N o r . - 2d inc........1970
Ind’ap. Dec. & Spr.—2d in e .. 1906
107
Trust receipts........................
38%
112 114
Leh. & Wilkesb. Coal.............. 1888
105%
Lafayette Bloom’gton & Muneie—
97
99
Income 7s............................ 1899
100
Mobile & Ohio—
100
2d pref. debentures............... .
33
35
119 120
3d pref. debentures...................
20
31
92%
4th pref. debentures....................
25
29
N .Y . L. E. & West.—Inc., 6s..1977
72% 80
¡Ohio Central - Min. Div.—
100%
Income 7s...... ..................... 1921
Ogdensburg & Lake Champjain—
*
103 I Income................................. 1920
112 113
Roch. & Pittsb.—In co m e...... 1921
60
70
St. L.I.M .& S.—1st 7s, pf., iut. acc’t.
Sterling I. & R ’y. series B .—In c .’94
116%
I Plain income 6s................... 1896
116% 117
Shenandoah Valley—Inc. 6s.. 1923
116% 116=8
F r e e L is t .
*102%
Cin. &Sp.— 1st M.C.C.C.& 1.78.1901 116
103%
I 1st M. g., L. S. & M. »., 7S...1901 117%
115%
East & U est, A la.—1st, 6s___ 1912;
121 122 ¡Gal. H. & H. of ’82—1st, 5 s .. 1913
79
*116%
Gr. Rap. & Iud.— 1st, gtd.,7s.l899
116% 117% Jefferson RR.—1st, 7s...........18e9 103
116% 117% Mil. & Lake Winn.—1st. C s....l9 1 2
*106
N. Jersey South.—Guar. 6 s...1899
101
*100 Ì02
IN.Y.Woodh. & Rock.—2d inc.. 1912
11%
10
105
•Pitts. Brad. & Buff.—1st, 6s...1911
85
80
106% 107% IPullman’s Pal. Car—D eb.7s.. 1888 103
........ ........ 1'Valley RR., O.—Con. 6s .gold 192 1
03
523
THE CHRONICLE.
A p r i l 23. 1887.]
New York Local Securities.
Quotations in Boston, P h iia d e lp a ta and B aitim .
H a n k M o c k L ie u
S E C U R IT IE S.
b o s t o n
.
Atch. A Topeka—1st, 7 i
Land gra n t, 7 » .............
P la in , 0a. — ~ — . . . . . . . .
Mortgage, 5 s........
Bid.
A tk
123
98%
........¡103
m
* 10 ?
Bor.Àïio.tnïïeb—Ex’t,6B
6a non-exempt.
93
116
I 94
......
Land'girwnt, 7 a ............ .........1112
California So.—8a............
88 I 88 >
9
Income Ga.— - -- -- - -- -- Chic. K. C. A W est’n—5s. 100is 100K
68V
Incomes ... . . . . . . . — --4 aw. 70
89
Cons. Vermont, 5s.......... ,222'
Kast’rn. Mass.—6s, n e w ..
Frem .Elk H ,A M o .V .-o s it, C Port Scott A G.—7s|
liittle B . A Ft. S.—t s ......
Mar. H . A Ont.—1908, 6s, 106
1926, 6s......................... {10O
63%
Mexican Central—4 s ......
83
Scrip......... ..... ..............
69
22
In c o m e ...... . . . . . . . . . . . .
94
S c r ip .... .......................
94*9
Debenture, 10s............
125 *9
N .M e x .A So.Pac.—7s......
1263
4
N . Y. A N . England—1 s..
7
116
6s.................................. «117 107 7
g
26s, 6s,............. — ........
O gdensb.A t>.Ch.—6s......
Consolidated 6 s . . . . . . . . . 101
I n c o m e s . . • i 30
Pueblo A A rk. V a l.—7s..
R atland—1st 6 s....*........ iö s “ 96
94 4
6s..................................
101*4
Southern Kansas—5s...... 101
Incomes___ _ .. .. .. . . . . i 90 iöö%
106
Sonora—7s ......................
OH'S 97
Wisconsin Cent.—1st ser.
86 *9
66
2d series................ .
STOCKS 1
Atchison A T o p e k a ........ *107*9 1070s
Boston A A lb a n y ............ 210 *4
Boston A L o w e ll............
Boston A M a in e ............. I
Boston A Providence.. ..
Boston Con. A M.. pret..
Boston Revere B. A Lynn 146
590,
California Southern........
Central of Massachusetts " » I *
C<T
Preferred......................
Cheshire, pret e rr e d ........ 125
Chlo. A East'n Illin o is... 110 *9
Chle. B url. A Nortli’n___
Ohio. A W est M ichigan..
Clnn. Sandusky A Cleve.
Cleveland A Canton........
Preferred................
,
Col. Springt. A C in .. . . . . . «
Concord..........................I,: v x Oonneotlont R iver.......... .. 00
Conn. A Passumpsio . . . . . *
Dot. Lansing A No., prof. 111
140
Eastern ____ _. . . . . . . . . . . .
138
Preferred......................
F it c h b u r g .......................
Flin t A Pere Marquette.
Preferred......................
Io w a Falls A Sioux City.
Kan. C. Clin. A Sprtngf’d
Kan. City Ft. 8. A G u l f ..
Preferred......................
75
Kan. C. Springt. A Mem.
Little Rock A Ft. Smith.
M aine C en tral................
Manchester A Lawrence. ™ * *
M arq. H ougbt’n A Ouiou.L —
Preferred...................... * -----Mexican Central.............
N . Y . A N e w Eng l a nd—
62
Preferred...................... N o rt h e r n ........................
Norw ich A W orcester...
Ogdensb. A L. Champlain
Old C olon y......................
Portland Saco A Portsra.
Ports. Gt. Falls A Con’y.
R utland...........................
Preferred......................
Summit Branch...............
Wisconsin C e n tra l. . . . . . .
47
Preferred......... .
U04
W orcester N ash ’a A :toch
P H I L A D E IiP H IA .
R A I L R O A D STO CK S. 1
Buff. N .Y . A Phil.,ass.pd.
10 7
t
Preferred......................
Camden A A tlantic.........
P re fe rre d .....................
Catawissa.......................
1 st preferred .........
60*2
2d p re fe rre d ................
D elaware A Bound Brook
E ast Pen n sylvan ia.......
Elm ira A W illiam sport..
Preferred......................
H untlngd’u A Broad Top
P re fe rre d ...................
Lehigh V a lle y ................
Little S ch u ylk ill. . . . . . . . .
Minehill A Sch. H a v e n ...
Nesquehonlng V a lle y ___
Northern Central............
N orth Pennsylvania"
Pennsylvania..
'
59%
Philadelphia A E r i e " I ” I } .......
Phila. Ger. A Norristown
Phila. New tow n A N Y
Phila. A R e a d in g ....
*’
2 34 23 %
P h iu . w u m . a S a it ::::::
215 *3
S E C U R IT IE S .
Balt. A O .E. Side—Certs.
Belvid’e Del.—lst.6s,1902
Cons. m. 4s., 1927--------S ea's Gap— 1st, 7s, 1893.
1st, 6s, 1905....... .
Con., 6s, 1913...... .
Buff. N .Y .A Phil.—1st,6s
Cons. 6s, 1 9 2 1 ...........
ls t .T r . 6s, 1922...........
Cam. A Am boy—6s, c.,’89
Mort-, 6s, 1889..............
Cam. A A tl.—1st,7s,g.,*98
2d, 6s, 1904...................
Cons., 6 p. 0..................
Catawissa—1st, 7 s, oon. 0.
N e w 7s, reg. A oonp----Col. A C . M.—1st,6s. 1914
Conneot’g 6s, op., 1900-04
Del. A Bound B r.—1st,7s
Duluth Short L., 1st, os.
East Penn.— 1st, 7s, 1888
E aston A A m b’y—5s, 1920
El. A W m sp’t - l st,6s, 1910
5 s, perpetual...............
H arrisb ’g—1st, 6s, 1883..
H. A B .T .—1st, 7s, g., 1890
Cons. 5s, 1895........ . . . .
Ith acaA A th .—1st, gld.,7s
Leh .V .—ls t,6 s,C .A R .,’98
2d, 7s, reg., 1910...........
Cons. 6s, O .A R., 1923..
N . O. Pao.—1st, 6s, 1920.
No. Penn.—2d, 78, op. ’98.
Gen., 7s, 1903............. .
Debenture 6s, r e g ........
Norfolk A W est.—Gen.,6s
N . R. D iv., 1st, 68.1932
N . Y . P hil. A N o r.—1st, 6s
Inc.,6s, 1933.................
Oil Creek—1st, 6s, oonp..
Pennsylv.—Gen., 6s, reg .
Gen., 6s, op., 1 9 1 0 ......
Cons., 6s, reg., 1905....
Cons., 6s, oonp., 1905...
Cons., 5s, reg., 1919....
4 4 s, Trust Lo an ...........
Pa. A N . Y . O.—7s, 1896.
7 ,1 9 0 6 ..........— -- - - -Perkiomen—1st, 6s,op. 87
Phil. A Erie—1st,7s,cp.’88
Cons., 6s, 1920......... .
Cons., 5s, 1920.............
Phila. N e w t. A N .Y .—1st
Phil. A R .—1st, 6s, 1910..
2d, 7s, coup. A reg., 1893
Cons., 7s, reg., 1 9 1 1 ....
Cons., 7s, coup., 1911—
Cons., 6s, g., l.R .0.1911
Im p., 8s, g., oonp., 1897
Gen., 6s, g., oonp., 1908
Gen., 7s, ooup., 1908----Income, 7s, oonp., 1896
Conv. AdJ. Scrip, *85-89
Cons. 5s, 1st ser.,0.,1922
Cons. 5s, 2d ser.,0.,1933
Debenture coup., 1893.
Conv., 7s, R. C., 1893...
Deferred Incomes, c p ...
Phil. W ll. A B alt.—4s.tr.ot
Pitts. Cin. A S t .L .—78—
Pitts. Titus. A B .—'7s,op.
ShamoklnV. A Potts.—7s
Sunbury A Erie—1st, 7s.
Sunk. H a s. A W .—1st, 5s
2d, 6s, 1938......... . . . . . . .
Sunb. A L ew ist’n 7s.C,.’96
Syr.Gen.A Com .—1st, 7s.
Tex. A Pao.—1st, 6s,1905
Consol., 6s, 1905------Union A Titusv.—1st, 7s.
United N . J.—Cons.68,’94
Cons. 6s, gold, 1901....
Cons. 6s, gold, 1908....
Gen., 4s, gold, 1923....
W arren A F .—1st, 7 s , ’96
W est Chester—Cons. 7s..
W . Jersev—1st, 6s, op.,’96
1st, 7s.''1899..................
Cons, os, 1909__________
W . Jersey A A tl.—1st,6s,C.
W estern Penn.—6s, coup.
6s, P . B., 1890..............
5s, reg., 1923................
C A N A L BONDS.
Ches. A Del.—1st, 6s,1886
Lehigh N a v —4%s, 1914.
Mort. R R „ reg., 1897 ..
Cons., 7s, reg., 1911 . . . .
Pennsylv.—6s, cp., 1910..
Schuylk. N a v .—lst,6s,rg.
2d, 6s, reg., 1 9 0 7 ........
B A L T IM O R E .
R A I L R ’D S T O C K S .!P a r
Atlanta A Charlotte.......
Baltimore A Ohio ...100
1st pref.........................
2d pref...........................
P ark ersbu rg B r ........50
Central Ohio—Com...... 50
P re f............ ..................
Western M aryland ....5 0
R A IL R O A D B O N D S .
Atlanta A Chari.—1 st....
Ino.......................
t Per »hare. • § Last price this week.
Ask
BANKS.
Baltimore A Ohio—4 s....
Cen. Ohio.—6s, 1st,M . A S.
Chari. Col. A A u g .—1st..
2d..................................
Cin. W ash . A Balt.—1st«.
2ds................................
3ds................................
1st Inc., 5 8 ,1 9 3 1 .......
Colum biaA Greenv.—lets
2ds................................
No. Central— 4 4», J. A J.
6s, 1900, A . A O ...........
6s, gold, 1900, J. A J . .. .
5s, Series A . . . . . . . . ......
5s, Series B ..................
W e st J ersey Ä Ätiantiö:
Pittsb. ACon’ells.—7 sJ A J
Union R R .—1st, gna.JAJ
r C A N A L S T O CK S.
Canton endorsed...........
Navigation.........
51
6 14
Virgin ia A Tenu.—5s . . . .
SohnylkUl N av., pref____
'
8 s..................................
aR A I L R O A D B O N D S .
W .M d .—6s,3d,guar.,J.AJ
*S* V a l-—7 3-108, ’«8 ........1204 W ilm . C. A A u g .—Os........
7s, E. ext,, 1910............ 110 ‘
’ W l l A W eiaon—5s..........
Ino. 7e, end., c o u p .,'94 20 | 28
* Ex-dividend,
Bid.
1174
1024 1034
113
Am. E x o h ...
101
Ch atham ....
Chem ical....
104
1074
1134
110
Oity.............
1184 120
99
118
13 L4
........
l l t h W ard..
F u lto n . . . . . .
175
142
265
1Ö24
J.35
171
210
2500
135
300
178
124
185
130
135
700
1500
146
150
268
___
... ,,
140
181
128
SUO
1124
112
1034
105
53% 57
134 1
......
135 I.. .. .
124 ......
124 I-. ..
1134 114
150
f
200
190
126
125
120
36
,230
' 27O
110
115
131
105
330
100
127
Bid.
Ask.|
105
55
111
107
67
104
80
100
112 4
102 7 1034
e
1014 101%
66
»6 4
6b *2
55
53
154
102
123
85
35
125
ii»7
984 99
113
101
30
102
30 4
1024
5103
Ü0
111
117
1254
105
104
110
112
92
92 4
1034 103
li b 1 U7
*
131
864
80
444 .......
_
160
122
120
47
914
164
130
10
60
50
124
1234
1024 1044
103%
105 4
113
H i
1044 1044
80
70
43% 44 %
23
25
1064
b5 ........
......
112
1114
118
123
120
— ...
122
103
103
105
101
Bid.
Ask.
210
•21
ISO
124
ISO
185
155
175
ICO
112
138
....
117
225
140
135 4
128
«M
127
• •••«
•••••
.....
•- -- -••••••
mmr m
r m
n n
......
128
. . . —e
t
.....
140
...... .
108
MM
210
245
81
135
150
145
85
135
220
too
no
106
135
95
72
:o7
106
150
A sk.
N a tio n a l. . .. 100
N. Y . Eqult. 165
N . Y . Fire .. Ob
N ia g a r a .... 165
North Rivet 100
P ao lflo........ 170
P ark ............ 95
Pet’r Cooper 170
People’s . ... . 100
Phenlx ...... 123
R utger’s . . . . 140
S ta n d a rd .... 105
S t e r li n g ___ 55
Stuyvesant 118
United St’68 145
Westohester 140
W llliam sb’g. 275
108
175
102
175
no
180
101
180
110
127
147
no
63
125
158
170
285
G A S C O M P A N IE S .
Bid.
A sk.
55
127
110
M rtropoltian (B k ly n .)___ 83
Municipal— Bonds, 7s...... 105
130
Bend*, 6s ................ . — 105
123
110
57
130
114
85
110
137
109
130
113
[C ity R R . Q uotations b y H . L . G r a n t , Brok er. 14.5 R m a d w a y .l
D. D. E . B. A B. — ^iiy, Os
t ij h t h a v .— -*nook...........
Sorip, 6s, 1914 ............
42,1 & Gr'nd so. F’ry—Stk
1st mort., 7s, 893 .......
42(1 St. Manh. A St. N .A v e
100
100
ls t mort., 6s, 1 91 0 ...... .
175
2d mort., income, 0s......
(oast. W.St. A P. F’ v—S tk .
110
175
ls t mort., 7s, 1894........
108
ninth A v e . .....................
3 joond A v .—S t o c k .........
155
160
lst mort., 5s, 1 910........
Consol., 7s, 1888 ..........
120
S lt t h A v .—Knock
......
112
120
ls t morr., 7s, 1890........
123
Third A v . - * ' « ' * ............
tiouds, 7s, 1 8 9 0 .........
112 4
¡Tw 'Uty-thirrt -si- —
'Stock..
165
1124 1 l , t nor*., 7s, 1893 .......
Broker St.A Fait. F.—Stk. 28
lst mort.,1s, 1900....... 112
7
ir’dway A 7th Av.—St’k ..
lst mort., 5s, 1904 .......
2d mort., 5s, 1914----- -8’way Surface hds.gnar..
Bouda guar., 5s. 1905 ...
Brooklyn City—Stock......
lst mort., 5s, 1902 .......
Bfclyn. Crosstown—Stock.
lst mort., 7s, 1888.......
Bushw’k Av. (Bkln;—St’k
C intral Crosstown—Stk..
Lst mort., 6s, 1922 .......
Jent. Pk. N .A » . rtiv.-Stk
Consol., 7s, 1902 .........
Ohrist’pb r&lOt.h St—Stk.
Bonds, 7s, 1898...........
Iry Dk. E.B .A Bat’v—Stk
lst mort., 7a, 1893 .......
1«>7
188
30
116
205
100
106
110
215
117
854
111
5^
160
.
112
100
165
107
105
101
YU"
iïô "
115
205
107
205
1114
200
105
245
112
U nlisted Securities.—Quotations from both Exchanges:
Bid.
S E C U R IT IE S .
Amer. Tel. A C a b le ........
Atoh. A Pike’s P ’k, 1st 6s
A lla .A Char. A ir L .,ls t 7s
A t .A P a c .-ls t M,0. D.newö
Kost. H . T. A W est.—Stk.
Brooklyn E le v ’d —stock..
1st m o r t . .. . . . . . . . . . . . . . . .
2d m ort..........................
California P acific............
Cape Fear A Y ad.Val., 1st
Ches. AO ., ser. B.def. scrip
Clue. A Atlantic.—Beuef.
Chic. Hanta F<j A Cal 5s..
Cincinnati A Springfield..
Dont.Cons. Imp.Go. I’r.stk
Des M . A F t.D o d g e -P re (.
East A W e st R R . of A l a . .
Edison Electric L ig h t....
Flor. R ’way A N a v . C j. ..
P re f................................
Georgia Pac.—S to c k ......
1st 6 s.......................... . .
2<is...... ...........................
Kanawha A Ohio...... .
1st p r e t ...... .................
2d p r e f .........................
1st H s . . ___ _ — - . — .. .
Kan. City A Omaha...... ...
Ask.
S E C U R IT IE S .
Bid.
Ask.
U’3
121 126
101 104
23
24
58
1074
83
85
94
32 4 10 .
4 0 4 40 7
a
ls t mort g a ge ......... .
9
N e w Jersey a N. Y . —... ........
N.Y.O hi. A St.L.,rec.2dM .
93
Equipm ent 7s................
17
N . Y . City A N orthern.... 15
13
4
N. Y. W . Sh. A B __ Stock.
9i
9 74 North. Pao.— Div. b o n d s- 984 99
Pensacola A A tla n tic .... 15
91 ...... .
1st mort ................ .—
H
9
104 1054 Poor, D eo.A Evans.—2d M 8 64 8 7 4
2
0
t itt*. A v. est. U R . . . . ----- 15 ..... «
93
52
55
ls t mortgage................. 90
31
Rome A D ecatur.............. 29
37% 39
05
93
7
84
St. Louis Ft. S. A W lc h —
235
8*. P aul E. A Or. Tr., ls t 6s 107 112
2
3
4
5 4 Tol. A . A .A Mt Pleas.—ls t ........ ...... «
22
Tol. A . A. A N. M .......... 21
21
Tol. S t.L .A K an . Cit—ls t. 97% 9 8 4
10»
108
....4
67
5 94 Utah Central.— lst, 6s----- 80
34
04
9
7
23
2 44
100
114
6 74 60
70
Incomes. —____ . . . . . . . . . . 124 ...... .
2)
15
101
W e st V a. R R .—1st, P s... 100
»4
93
97 • --V *
18 * vYest N . Car.—Con. M —
Keciy M otor............ — - 10
.Boston Banks.—Following are the totals of the Boston banks
1887.
Specie.
Loans.
L. T ’nders. Deposits.*
9
9
Cironla’n
Agg.C l’nga
9
s
9
11,288,000
Api. ? M 0,430,300 9,847,800 2.168.500 104.435.500 9,993,100 90,370,161
87,958.992
rl 8,367,600 9,5*4,200 2,255,700 107.282.500
10,390,000 2.481.500 108,733,300 10,112,700 104,318,113“ I t ¡1.0,014,200
P h ila d elp h ia Banks.—The totals have been as follows:
1887.
125
120
112
120
85
J-irsey City A Hoboken... ldO
115
M u tual ( N . Ÿ . ) ................. 100
102
103
S c rip .—. . —. —................ 100
9
120
120
122
4. Y. Count
...... H.Y. N a t.E x
. . . . . . Hinth.. . . ...
.. .. .. H. Am erica.
.. . ... north R lv 'r.
..... Oriental___
Paolflo.........
330
. . . . . . P a r k ..........
. . ..
People’s . . . .
P n en lx........
165
tepubllo . . .
167
S i Nicholas.
173
7th W a r d ...
..... S Miond.........
S w e A Loath
117
120
4nate of N . Y .
’hird......... .
83
’radasmen’-i
220
Ask. I CO M P A N ’S. Bid.
CO M P A N ’S. Bid.
G reenw ich.. 230
G uardian ... 75
Ham ilton .. 125
H a n o v e r.... 140
140
How ard . . . . 80
Jefferson.... 125
Kings C o— 200
Kniokerb’k r 90
Long Island 100
L a fa 'je tte ... 100
M anut'o.A B 125
Mechanics’ * 80
Mercantile.. 65
Merchants’ . 100
M ontan k.... 100
N a s s a u ...... 140
175
103
165
A m e rio a n ...
Am er. Exob.
B o w e r y ......
B ro a d w a y ...
Brooklyn . . .
Citizens’ . . . .
C i t y ............
Clinton.......
Commercial.
Continental.
E a g l e .........
Em pire City
E x c h a n g e ...
F a rra g u t....
Firem en’s**.
German-Am.
G e rm a n ia ...
G lo b e .........
G \H C O M P A N I E S .
100
66
644
50
50
15
BANKS.
A*k.f
( l a s a n d C it y R a i l r o a d S to c k s a n d B o n d s .
*Gas Quotations by G e o . H . P r e n t is s A 00., Brokers, 49 W a ll Street.]
120
132
94
109
200
200
110
200
115
162
320
140
200
161
102
171
145
143
143
118
314
1424
215
Mercantile—
Meronants ’ .
M’roh’ts’ Ex.
Metro pollt’n
Hassan........
Hew York ..
___
1074
124
140-%
Bid.
G Ulatin .. ..
G »rfleld......
G m n ’n Am..
Garm anla. ..
Greenwich ..
H an over___
t n. A T rad’s
Irv in g .... ..
Leather M fs’
Manhattan..
Harket........
Heohanios’ .
176
I n s u r a n c e S to c k L i s t .
[Quotations by E . 8. Bailey, 5 4 Pine S t.]
110
110
1014
BANKS.
Ask.
Bid.
Loans.
9
M ar. 20......
Api.
2......
“
9 ____
*4 16— ..
86.790.100
87,260.200
«7,447.500
87.786.100
L a w fu l Mou’y Deposits.*
$
23,013.200
22,303,800
22,799,300
24.001.000
$
84.206.700
83,798,513
84.599.700
87.630.900
* In clu ding the item “ di e to other banka.’'
Clrcula’n.
Agg.C l’nga.
$
3,477.980
3.479.750
3.475.750
3.473.250
$
59,541,247
62.257,282
>6,921,168
61.341.460
524
THÉ CHRONICLE
Now I orh C it j Banks.—The follow ing statement shov s the
condition o f the Associated Banks of New York City for the
week ending April 16, 1887:
Batik*.
N e w Y o r k ............
Manhattan Co......
M e r haute’ . . . . . . . .
Mechanics’. . . . . . . . .
A m erica................
P h e u lx ..................
Oily.......................
Tradesmen’s.........
F u lto n ............... .
Chem ical..............
M ercnai te’ E xch .
G allatin Natio al.
Butchers’ A D rov
Mechanics’ A T ra
Greenwich.
Leather M an n f’rs
Seventh W a r d ___
State of N . Y ........
Am eric’n E x c h ’go.
Com m erce............
Broadw ay.............
Mercantile............
P a c ific ..................
R epublic...............
Chatham ...............
Peoples’................
N orth A m erica....
H a n o v e r...............
Ir v in g ...................
Citizens’ ...............
N a s s a u ........... .
M a r k e '........... .
St. Nich la s.........
Shoe A Leather...
Corn E x c h a n g e ...
Continental...........
Oriental ...............
Im porters’ & Trad.
P a rk ......................
N o rt h R iver ........
E a st R iv e r .........
Fourth N ath nal .
Central N ational..
Second Natio al
Nin th N ational....
F irst N ational. . .. .
Third N a ti nai
N . Y . N at. E x c h ...
B o w e ry
........
N . Y . County........
German-Americ’n .
Chase National___
F ifth A ven ue........
German E xc h ’nge.
Germania..............
United States.......
L in c o ln ................
G arfield............
>F ifth National......
B ’k of the Metrop.
W e st Side......... .
Seaboard .....
Sixth N a t i o n a l " "
Total................ 868 562,300 77,688.700 20,917.800 376.469,400 8,368,700
The following are totals for several weeks past:
1887.
Loani.
Specie.
L. Tendere.
Deposit*.
t
9
9
9
OirculaWn Agg. Olear'gs
9
S65.65P.700 77,996,100 19,487,400 572.414.700 7,9d0,500
370,917,600 79.408,800 18,989,500 377,130.900 8,809,200
368,5-2,300 *7,688,700 20,917,300 376,469,400 8,358,700
R A IL R O A D
R oads.
EARNING S.
Latest Earnings Reported.
WeekorM(j\
1887.
1886.
$
Atch. T. A S. F. M arch...... 1,735,621 1,309,352
A t la n t a * Char. February . 113,739 114,790
Atlantic A P a c . March......
229,728 127,427
A u g ’et a * Knoxv February .
17,807
15,001
Balt. & Potomac Felu uary . 110,528
94,298
B uff.N.Y.A Pirn. 2d w k A p r
42,100
47.800
Buff. Rooh. APiti 2d w k A p r
45,195
23.633
Btir.Ced.R.ANo 1st wk Apr
58,652
49,096
Cairo V. & Chic 2d wk A p r
12,849
12,185
Cal. Southern.. 2d w k A p r | 25,300
13,100
1Camden & A tl’o February .
25,804
22,935
Canadian Pacific 2d wk A p r
188,000 1*7,000
Cp.F’rAYad.Val M arch......
22.455
20,959
Central of Geo February . 564,399 479,920
Central Iow a.. M arch......
130,288 111,628
Charlest’n & Sav February .
53,764
50,577
Chesap. a Ohio. M arch......
346,< 97 338,154
E lix.Lex.A B,8 M arch......
75,154
74,284
Ches. O. A S. W. M arch......
152,644 139,004
Chic. A Alton... February . 584, *09 542,137
. Chic. A Atlantic 2d wk A p r
38,712
29,120
Chio. Burl. A No. F ebru ary.. 183,449
Chic. Bur. A Q.. February . ,847,235 1,830,275
Chic. A East. HI. 2d w k A p r
35,440
31,750
Chic. Mil. A St. P 2d w k A p r 479,000 411,690
Chic. A N ’thw’n M arch.___ ,334,783 1,986,025
Chio.St.L.A Pitts M arch......
475,521 384,960
Chic.8t.P.M.AO. February . 369,268 395.600
Chic. A W . Mich. 2d wk A p r
25,851
26. 09
Cin. Ham. A D .. 2d w k A p r
58.455
50,083
C im im i. tìt.L.AC 2d w k Apr
44,997
44,780
Cin. N. O. *T .P . 1st w k A p r
52,839
25..M1
Ala. Gt. South 1st wk Apr
21,954
11,25
N . Ori. A N. E. 1st wk A p r
8,59 .
6,016
Vicksb. A Mer 1 tw k A p r
8,142
7.244
Vicks. 8h. A P. 1st w k Apr
7,139
6,9«8j
Erlanger 8yst. 1st w k A p r
98,669
56,796!
Cin.Rioh.AFt.W. 2d wk A p r
7,845
6,9641
CimWasii. A Bali 2d wk Apt
31.222
33,373
Clev. Akron A Col . d wk A p r
11.268
9 ,9 1
3
Clev. A Canton. February
22,551
21,630
Glev.OoLO.A Ind March......
391,913 299.706
2í».fí8°
Clev. A Mfl’-b'tto March.
I A n d .brununes.
j Jan. 1 to Latest Date.
1887.
1886.
9
4,271,883
228,316
5*3,65«
31,749
217,655
660,457
4:6,195
761,673
197.471
442,910
55,647
2,195,139
67,352
1,095,129
338,153
100,776
958.789
220,225
423, 47
1,756.918
607,589
339,105
3,832,620
540.584
6,248,000
5,692,13«
1,343,954
740,969
357,601
863,241
734,262
843.1
39
393,463
186.075
147.553
152.584
1,722,814
110.841
598,916
145.173
50,016
99 4,614
7 «.61 1
9
3,228,962
210,966
344,933
26,545
195,389
635,478
397,969
676,150
145,811
153,477
48,593
1,971,581
58.844
1,002,987
296,892
94,467
872,564
197,193
369,899
1,099,978
404,928
3,2Ü',23¿
473,246
5.885,665
4,99 <,632
1,075,797
735,121
359,496
750,116
712.932
675.189
300,639
175.5-0
139,181
125,799
1,416,389
97,047
544,813
132.963
42.460
877,959
«^.431
R oads.
[V ol . X U V ,
Latest Earnings Reported.
lo
1887.
1 1686.
Jan. 1 to Latest Date.
1887.
1886.
$
$
Col. A Cin. Mid
pr
5,36 51
3.889
89,589
72,501
Col. Hock.V.AT. March. ..
225,29 5 176,460
630,121
497.458
Col. A Rome
March.
5.4T7
|
6,339
21,588
18.779
D unb’y A Norwk March.
»
16,906
45,641
45,586
Deny. A Rio Gr
)r
133,37,3 111.844 1,942,085 1,553,522
Denv. A R. G. W. Mareh.
84,80 3
227,076
83,868
211.458
Des. Mo. A Ft.D
pr
5,63‘2
5,362
84.818
87,191
Det.BayC. A A lp M trch.
39.76Í *
90,248
14,809
35,967
Dat. I.ans’g A No. 2d wk A >r
21,00i2
283,136
22,056
293,439
Det.Mac.A Marq
pr
4,56j»
3,07«)
E.Tenn. Va.AGa,
or
83.46r
71,946 1,389,710 1,117,668
Evans. AIn d’plis
ar
6,03*
3,134
56.059
Evansv. A T. H
or
18,151 !
213,764
12,120
185,408
Flint A P. Marq
■r
56,36« »
48,543
682,687
603,209
Fla.R. A Nav. Co 2d wk
pr
19,70« »
14,162
325,177
287,805
pr
14,325
Ft. W. A Den.City
162.800
8,786
90,599
Georgia Pacific.
87,52« i
64,195
263,079
188,677
Gr. Rap. A Ind..
pr
43.94Í i
592.743
35,325
487,136
Grand Trunk
9 338,94« i 300,736 4,416,634 3,986,8 24
Gn.BayW.AStJP
30.22Î
60.933
21,378
40,343
Gulf Col. A S . Fe.
564,922
..
189,65* ! 146,909
436.920
Hous.ATex.Cent
pr
39,81*
46,203
622,988
610,236
ni.Cent.(£ll.A8o) March. ..
929,04!
820.809 2,722,4V* 5 2,461,311
Cedar F.AMln.
8,36« :
16,804
23,197
37,530
Dub. ASioux C
78,551
83,206
192,585
202.300
la. Falls A 8.C. March. ..
55.00C 1 57,764
147,581
133,204
Tot. Iow a line*
141,911
157.774
363,363,
371.033
Total all lines.
..11,070,957
978,584 3,085.857! 2,834,345
lad. Bloom. A W.
or
41,44*
39,780
718.448
662,775
Ind. Dec. A 8pr
39,667
28,964
109.217
96,0-12
Jack. T. A K. W.
60,00(
117,576
23,885
42,273
K.
C.Ft.8. AG ulf. >r
48,367
48,837
703,036
615.312
Kan. C. Sp. A M.
or
34.44Í
518,102
28,851
355.297
Kan. O. Cl. A Sp.
>r
3,58*
62,704
2,891
50,724
Keokuk A West. March
2 «,lli
24.987
73,533
65,973
«L a k e £. AWest.
or
34,278
513.500'
25.988
423,570
Lehigh A Hudson
19,915
60,5061
18,367
50,460
L. R k.A Ft.Smith February
53.121
47,711
120.556
91,632
r
Long Island____ |/d w k A p or
60.55Í
55,530
631,733
598,612
Louis. AM o.Riv J an uary..
40,982
40,982
35,740
35.740
Loui8.Ev.A8t.il. 2d w k
or
20.90C
260,099
14.060
214,684
Loulsv.A Nashv,
r 258.215 216,725 4,257,331 3,616,217
Lou.N.Al.ACliio,
r
37,281
551,767
33,361
428,722
Louisv.N.O. AT, March.. ..
152,871
550,172
128,040,
426,998
Manhattan E l . .. M arch.. . 687,744
604,i 89 1,937,811 1,733,230
M ar.Hough.A O
or
6,861
106,302
6,438
84,045
Memphis AChas,
or
31,085
440,654
19,548
355,117
* Mexican Cent’iJ
r
67,865
77,531 1,351,284 1,085,066
*Mex.N. (N .D iv ) March.
41,458
125,95c
48,104
134,562
do
(So.Div Maroh.
. 102,425
272,194
93.410
235,076
do
all lines
. 154,332 151,579
427,379
396,589
Michig’n A Ohio.
b
4,362
4.965
30,603
31,789
'MiLL.Sh. A West. 2d wk
r
55,777
647,1*0
36,860
417,029
Milwaukee A No 2d wk
r
17,5*1
248,890
12,650
168,851
Minneap. A St. L. February
103,366 120,692
221,211
194,387
Minn. ANo. West,
r
15,034
260.448
5,747
78,294
Miss. A Tenn. ..
37,037
40,311
124.447
109,732
Mobile A O h io .. M arch.. . 189,465 166,152
625,979
517,554
Nash.Ch. ASt.L. March___ . 245,733 187,350
737,288
557.521
N.Y.Cen.AH. R.. March
. 2,919.810 2,759,266 8,089.351 7,342,201
N. Y . City A No
6
9,898
151,908
10,332
138,566
cN.Y. L E . 4 W
. 1,457,958 1,247,475 2,816,320 2,501,587
N.Y .Penn.A O.
. 445,918 447,075
855,151
955,782
N .Y . A N e w E a g
. 312,080 270,924
610,851
537,858
N.Y.O nt. A W ..
r
26,917
21,912
298,514
334,512
N .Y . Bus. A W . . March____
112,538
89,1 9
245,211
295,475
N irfolk A West 2d wk Apir
70,940
65,251 1,026,382
806,092
N ’theastrn (8.C. ) February
5 «,405
60,823
118.297
112,6 a
Northern Cent’l. February
488,990 430,961
831,084
Northern Paoitii
r 274,999 223,821
2,386,027
O hio A M iss___ _
r
78,781
69,351
982,788
Ohio Southern
March.
51,456
38,946
127,715
150,860
Oregon Imp. Co.
. 232,590 186,384
379,406
495,941
Dreg. k . a N. Co.
. 449,300 420,858
961,260
964,399
Pennsylvania... February . 3,988,78* 3,549,475
,840,559 6,971,011
Peoria Deo. AEv. 2d wk Apir
12,933
11,180
194,295
239,114
Phila. A E rie ___ February
257,500 233,026
451,856
517,552
tPhila. A R cad’g February 1,518,256 1,255,389
2,559,567
Coal A Irou Co February 1,118,021 726,776
1,641,136
Pitts. A West’ru March
164,799 116,726
285,587
443.006
P ’rtR o y a lA A u g . Februt
39,711
34,968
59,023
67,006
Riohur’d deDau v. March
370,000 392,514 L,062,090 1,017,554
Va.M idi’d D iv ¡March
114,000 113,981
313,431
335,439
Char. Col. A Au. March..
73,800
82,160
230,580
222.006
Col. A Gr. D iv.. March..
60,2001 78,527
212,258
177,456West.No.C.Div
41,600j
45,6u5
122,487
141,086
Wash.O. A W ..
8,500
7,300
18,700
23,000
St. Jo. A Gd. Isl.
16,200
17,502
347,192
321.449
SC.L.AltOuAT.H
23.723
18,224
318,966
399,005
Branches....... SL S S
18,270
6,632|
249,527
189,987
St. L. Ark.ATex. 2d w k Apr
29,6021
20,5801
584,554
448,620
St.L.ASan.Fram ~
‘
104,893
74,524 .,543,496 1,085,054
Sc.Paul A Duluth 2d wk A p r
24,524!
22,837
252,557
329,681
St.P.Min. AM an. March...
679,8031 601,910 1
.,573,862 1,417,606
Scioto V a lley ... February
54.767!
51,4051
95,140
110,990
Shenandoah Val February
57,620
4« >,680
83,263
114,908
South Carolina.. February
114,5991 120,054
214,429
212,731
So. Paoitto Co.—
G aLH ar.AS .A J an u ary.
221,3921 199,347
199,347
221,392
Louis’a West. January .
58,539!
51,321
51,321
58,539
M organ’s I,AT January ..
368,2741 389,877
368,274
389,877
N. Y .T . A Mex. January ..
12,459
11,730
11,730
12,459
Tex. a N. O n . January ..
81,5341
82,703
81,534
82,703
Atlan’o syst’m February . 668,820 666,552 1
1,401,530
Paoitto system February . 1,437,789 ,789,645 3
3,063,087
T o t a l ......... February . 2,106,609 2,456,197 4
4,464,617
Spart.Un. ACol.. F ebru ary.
9,244
11,15915,105
17,233
Staten Is.Rap.Tr M a rc h ___
45,158
41,366
125,401
110,920
Texas A Pacific M arch......
527,224 361,053 1,541,607 1,223,196
Tol. A .A .A N .M ’hj
8,317
6,254
132,127
89.033
Tol. A Ohio Cent. 2d wk Apr
17,480
14,022
273,584
185,059
Union Paoitto... February . 1,675,914 ,594,776 3 ,413,267 2,984,386
Valley of Ohio.. March...... 9 58,939
45,290
120.417
146,028
W ab ’sb.E.ofMiss January ..
432,530 414,880
414,880
432,530
W ab. & Western 2d w k A p r 1 95,953 105,845 1,680,941 1,490,597
JWest Jersey___ February .
77,570
64,026
132,520
154,398
Wil. Col. A A u g. February .
70,130
63,058
139,437
124,838
Wheeling A L .E . 2d wk A p r
13,603
151,045
10,618
190,917
Wisconsin Cent’l 2d wk A p r
38,447
379,286
29,531
517,902
Min. St.C.A W. 2d w k A p r
8,546
3,929
57,529
125.153
Wis. A M inn.. 2d w k A p r
16,013
48,643
4,1041
226,062
a Including since Feb. 1st in both years the Ind. Peru & Chio.
e N ot including earnings o f N ew York Pennsylvania A Ohio,
f Not including Central of N ew Jersey in either year.
! Including Branches,
* Mexican currency.
THE CHRONICLE.
APfiili 28, 1887.]
J m re stw cw t
525
1883
1884.
Disbursem ents—
$
$
Interest on debt................... 217,024 222.085
Dividends.............................. __________215.257
184,506
1885.
$
2'’ ■1,080
123.004
1880.
$
*215,7 65
153,755
Total disbursements........ 401.530
437.342
Balance...............................def.29,097 sur.33,852
347.081
sur 5,776
*i«
sm\964i
„
AND
la ilt a a d I n t e llig e n c e .
•This is interest paid, less interest received.
The I n v e s t o r s ’ S u p p l e m e n t con ta in » a complete exh ib it of
the Funded Debt o f States and Cities and o f the SCocks and
GENERAL INVESTMENT NEWS.
Bonds o f R ailroad s and other Companies. I t is published
on the last Saturday o f every other m onth—viz., January,
M arch, May, July, September and November, and is f u r
Railroad Net Earnings.—The following table shows all
nished w ithout extra charge to a ll re g u la r subscribers o f the the reports o f net earnings that ha^e been made for la ter
C h r o n ic l e .
E x tra copies are sold to subscribers o f the dates than those published in the editorial columns of the*
C h r o n i c l e at 60 cents each, and to others a ' $1 p er copy.
C h r o n i c l e of this date :
_ ._
_
ANNUAL REPORTS.
Chicago St. Louis[& Pittsb u rg R a ilro a d Co.
'( F o r the year ending December 81, 1880. J
.
Name o f Road.
Chio. St. L. < Pitts-----Gross.
&
_,
N e t...
D es M. & Ft. D od ge...G ro ss.
_
N et...
Det. B a y C. & Alpena. Gross.
N e t ...
Nash. Chatt. & St. L ..G ro ss.
N e t...
N. Y . Susq. & W estern.Gross.
N e t...
<
------- March.------- .
1887.
1886.
47?,521 384,960
99,165 35945
28,810 31.478
8,184 10,161
39,769 14,809
24.294 8,724
245,733 187,350
97,095 72,470
112,538
89,179
58,294 40.960
r-Jan. 1 to Mar. 31.-*
1*87
is ««
1,343,954 1,07? 797
322,653
148'674
79,186
81*829
15,189
19*101
90,-248
36*967
47 089
id W
73\288
557 521
315,498
219*532.
295, it s
245 *211
139,143
106*,869
The statistics o f earnings and operations for the year 1886
were given at length in the C h r o n i c l e of March 19, on
page 369. The freight earnings increased $288,559. Of this
increase $90,927 was in the local and $197,632 in the foreign
Boston Concord & M ontreal.—The directors o f this Rail
or competitive traffic, The increase in the local freight earn road Company have formally served a notice upon the Boston
ings was largely the result of additional tonnage, although & Low ell Railroad officials requiring them to surrender all
partly attributable to an advance in the average rate received. property held under the lease of the Boston Concord & Mont
The increase in the foreign or competitive freight earnings real to the Boston & Lowell, which lease they consider void
was entirely caused by the better rates prevailing on this class since the decision of the court in the case of Dow vs. the
or traffic.
Northern Railroad, annulling the lease of that road to the Bos
The total tonnage was 8,075,885, against 3,031,595 in the ton & Lowell.
>revious year, an increase of 48,790, or 141 per cent. The
ocal tonnage, however, increased 96,515 tons, or 8-04 per cent,
Boston H artford & E r i e — “ K now lton A g re e m e n t.” —
while the foreign or competitive tonnage decreased 52,725 Under this designation this stock is being sold on the E x
tons, or 2*88 per cent. Rates were better maintained this change, certain parties claiming to hold some 55,000 sh ares
year, and the average competitive rate was 5*1 mills, against having retained counsel to prosecute their claims. A suit
4*2 mills in 1885, an increase of 21’43 per cent.
has been commenced in the Supreme Court of this Srate by
The decrease in earnings from rent of railway is due to the Richard A . Roberts, W illiam A. Jones, E. B. McCoy and J a i
Wabash St. Louis & Pacific Railway having ceased to use that Adair against the New York & New England and Boston
portion of the road between Logansport and the State Line.
Hartford & Erie, in which the plaintiffs pray :—
W hile the gross earnings of the road show the improve
1st. That the Court may adj’udicnte and determine tho
ment referred to, the expenses also were increased by the legal status o f the Boston Hartford & Erré in the State o f
extraordinary expenditures for maintainance of way arising N ew York.
from the disastrous freshet of May, 1886. The ratio Of
2d. That the mortgage of twenty millions was illegal and is
expenses to earnings was, however, reduced from 83-36 per not a valid lien upon that portion of the property of the B oscent in 1885 to 81 91 per cent in 1836, while the property as a ton Hartford & Erie within the territory of the State of N e w
whole was improved.
York.
During the year the capital stock of the company was
8d. That the organization of the New Y ork & New E ng
increased $746,597, of which $708,797 was in common shares, land Railroad Company was not a corporation duly in cor
and $37,800 in preferred shares; the issue of consolidated porated under the laws of the State of New Y ork and has no
first mortgage bonds was also increased $7,000. These addi legal existence in said State.
tional issues of stock and bonds were for the purpose of
4th. That the N ew York & New England was not em pow
redeeming obligations of the Columbus Chicago & Indiana ered to receive and take possession of the property of the Bos
Central Railroad Company, under the terms of the agreement ton Hartford & Erie within the State of New York and ha s no
for the reorganizition of that company.
right to retain the same.
Henry E. Knox, 160 Broadway, is counsel. Morrison & K en
Chicago & West Michigan.
nedy, 44 Broadway, are plaintiffs’ attorneys. John Rooney,
(F o r the year ending December 31, 1886J
145 Broadway, is President of the Boston Hartford & Erie.
}
The annual report just issued shows that the operating cost
percentage of expenses to gross earnings— was 73 46 per
oent in 1886 against 73-11 per cent in 1885, an increase of -35
Pfo
,Tf rt) wa. charged to construction during the year
8
$33,746 and to equipment $44,111. Included in operating
expenses is $123.554 which was expended for steel rails (1.016
tie renewals ($24,296', new sidings
(134 miles $47,714;, new stations, wire fence, water tanks and
a balance of cost of a new iron bridge at Newago. The mile-
Canadian Pacific.—The annual report of the Minister o f
Railways in the Dominion of Canada states that the connec
tion between the Government and the Canadian Pacific R a il
way has been formally severed. The road is purely the prop
erty of the company from Port Moody to Quebec, 3,037 miles.
The Dominion subsidy of $25,000,000 in cash and 25,000,000
acres of land was duly paid over to the company as it was
earned, in addition to loans. A ll loans have been repaid by
the company, but the repayment o f $10,000,000 of the last loan
?rnn0 f S h
’V ^ 1 d a n - k 1887’ w a s 317 ■ h a v i n g 97 m iles o f of $80,000,000 was in the shape of 7,000,000 acres of land. The
saie o f *29 o n o d f dt£ e bt W S8 lnc,rea8ed d u r in g the y e a r b y the Dominion, therefore, practically has a complete road from the
f ,th ® c o m p a n y ’s fiv e p e r c en t m o r t g a g e bonds, Atlantic to the Pacific at a cost of $35,000,000 worth of w ork
men? ° C b l 8
T
^ lc^ w e r e , U8ed f ° r c o n stru c tio n a n d equip- done on the road before it was given to the Canadian Pac ifle
„ ^ *
, ®.r ®port states th a t th e p r o p e r t y w a s n e v e r in as Railway syndicate, $35,000,000 in cash and 18,000,000 acres o f
good condition as at present.
land.
The notice of a meeting of stockholders, to be found in
the
°f
Big RaPids to a connection with
, . “ , tl.ou Lansing & Northern is noted as having been corn the advertising columns, refers to several important matters
e
to be acted on.
ier* traffic end ° f ■
$12’089 8% " * * * ca b le s f h e T l d to S
add £ ^ i / t n d
fh!\Vem,fc 0ti 1 advantages which will in time
ur
Central o f New Jersey.—A fter the books closed for th e
win n o r th 7
t r a f f i c - The proposed extension from Baid
as U k e lv ^ «dd ^ r r81,C^ ’ l eventy-five miles, is spoken of annual election of directors to be held in May, it was announced
add materially to the business of the road.
in W all Street that the control of this company was held byEarnings and income for four years were as follows :
Austin Corbin and his associates and by persons identified
with the First National Bank and the Lehigh Valley Railroad.
FISCAL RESULTS.
The ticket arranged for the annual meeting next month was
1884.
1885.
1886. said to be: Austin Corbin, J. Rogers Maxwell and H enry
Total miles operated....
413^"
413
413
413
Earnings—
”
¿
Graves, representing the Corbin interes!s; E. P. W ilbu r
Passenger.
$
$
421.690
456,311 Charles Hartshorne and Robert H. Sayre, representing the
818,073
870,503 Lehigh Valley, and George F. Baker, H C. Fahnestock a n d
M^f¿preVs*;
®eS;§3o
57,038
69,166 E. D. Adams. As to the reorganization pi in to be issued
1,297,301 1 395,98 » nothing definite is known, except that a 10 J-year 5 per c e n t
948,513 1,025,498 bond is said to be proposed, into which the debt w ill bo
funded on certain terms i f holders assent.
£48,788
370.492
* . & S S S * í s ¡s ¡ ¡ í 3
<% *
73-11
7o-46
Chicago B u rlington & N orthern.—The Boston N ero Id
INCOME ACCOUNT.
reports tne following operating results of the Chicago Burling
1«83.
1884.
1885.
1886. ton & Northern for February and since the line was opened:
Receii ts—
K
N et earnings........
Other íeceipts....
T o ta l incom e..
«
$
364,874
7,5o9
372,433
if
468,977
2,217
$
348,788
471,194
352,860 370,482
$
370,482
.
February.
Earnings......................................................$18*.448
Expenses.................................................... 145.035
N e t .........................................
$38,412
Since N -v. 1,’g e ’
' S631.301
4 9 *1 8 9
$139,n a
THE CHRONICLE.
526
[V
o l.
X L iV ,
Disbursements—
Chicago M ilw aukee & St. Paul.—This company has this
Interest on debt.................................................
week lost its distinguished President, the late Hon. Alexander Taxes, Insurance, &o........................................... $762,660
73,776
Mitchell. It is fortunate that it has in the office of Vice----- -----------$836,436
President a thoroughly capable and experienced executive
$72,705
.railroad c ffic er in the person of Mr. Frank S. Bond.
I f the Balance, surplus.................... ............................................ .
Houston & Texas Central.—Judge Pardee, at New Orleans,
stock and bond holders desire to have the company managed
by a man of this character, who w ill put his life into the on A pril 7, made a number of orders affecting the receiver
road and work the property for the benefit of its owners, they ship of this railroad, of which the Ch ronicle has obtained a
w ill probably elect Mr. Bond as President. But if it is desired summary, as fo llo w s :
to have a President who w ill be most capable in a “ deal,”
I. —An order that the receivers pay the coupons on the main line
and w ho can most successfully work the stock instead of the first«. Western Division firsts and W aco & Northwestern Division firsts,
which matured Jan. 1,1885, with 6 per cent interest to M ay 1 next,
read, they w ill probably elect some gentleman who is well and also one-half of the coupons on the same bonds m aturing July 1,
known for unquestioned ability in the manipulation of wheat, 1885, with interest to M ay 1 next, the coupons to be stamped half
pork or stocks, and w hose main obect in all such manipula paid and returned to the holders. The receivers are directed to retain
of income to meet any possible deficiency
season,
tions must necessarily be to look out for his own intersts and $150,000#75,000 to cover any possible orders for theIn the dullof debts
and a so
payment
those of his friends.
due to intervening creditors, and they are also ordered, as soon as they
Chicago Bock Island & Pacific.—The Chicago Kansas &
Nebraska Railway, which is the Rock Island in Kansas, is
being rapidly extended southwest from St. Joseph, Mo. The
grading is reported to be completed across the line of Indian
Territory into No Man’s Land. The extension northwest from
St. Joseph has been completed to Neleon, Nebraska, and it is
said that the line is being located to Denver, Col., which is at
present regarded as the objective point.
Chicago St. Louis & Pittsbu rg.—The earnings, expenses,
<&c., for March, and for three months were as follows :
,------------ March.----------- « > Jan. 1 to March 31.
—
,
1887.
1886.
1887.
1886.
G ross earnings____ $475,520
$384,959 $1,343,953
$1,075,797
Operating expenses 376,056
349,014
1,021,31.0
929,122
N et earnings....
Fixed charges........
« [ S u r p l u s .............
$99,464
87.144
$35,945
92,229
$12,320 Loss.$56,294
$322,652
269,622
$146,674
279,211
$53,030 Loss.$132,536
Cincinnati H am ilton & Dayton.—The Cincinnati Hamilton
& Dayton directors declared a two per cent dividend last
week on the following showing:
Gross earnings for year ending March 31,1887.................... $3,107,510
Operating expenses.........................................................
$1,854,152
T axes.....................................................................
91,405
Fixed charges..........................................................................
674,811
N et surplus for year ending March 31,1887..........................
Less dividends...... ..................................................................
Surplus, balanoe................................................................. .
Cleveland
$487,141
210,000
$277,141
Columbus Cincinnati & Indian apolis.— The
earnings, expenses, &c., of this road for February and for two
months, obtained for publication in the C h r o n ic l e , were as
follows :
,------- February.--------> ,— Jan. 1 to Feb. 28.— >
1887.
1886.
1887.
1886.
Gross earnings............... $288,414 $292,519
$6< 2,700
$578,252
Operating expenses....... 196,161
209,009
411,137
428,371
N et earnings................. $92,252
68,833
Interest, taxes, etc..........
$83,510
69,076
$191,562
137,540
$149,881
136,407
Balance............................ $23,418
Additions to p rop e rty. . . . 111,471
$14,433
45,808
$54,022
189,024
$13,473
59,806
Deficit........................... $88,052
$31,374
$135,001
«46,332
Dubuque & Dakota—Minnesota & Northwestern.—Notice
is given to the bondholders of the Dubuque & Dakota Rail
road Company that the railroad has been purchased by the
Minnesota & Northwestern, and that by virtue of the pro
visions and stipulations contained in the mortgage the princi
pal of the Dubuque & Dakota bonds w ill be paid off at 105 in
New York on and after July 1, 1887, after which date interest
w ill cease.
F lin t & P ere M arquette.—The annual report of the Flint
& Pere Marquette tor the year 1886 w ill show : Passenger
earnings $1,403,720, against $1,347,383 in 1885; freight earn
ings, $695,934, against $636.250 last y e a r; total $2,160,772,
against $1,946,790, a gain of $213,982. The operating expenses
and taxes were $1,511,102, an increase over 1885 of $163,263.
Taking the net earnings and a small balance to the credit of
income at the beginning of the year, the total amounts to
$668,262, out of which has been paid $647,910, leaving a sur
plus of $20,352 at the end of 1886.
F o rt W orth & Denver City.—Notice is given by the Fort
W orth & Denver Railroad of a special stockholders’ meeting
to be held in Fort W orth June 22a. The business to be trans
acted is a proposition to add $20,000,000 to the capital stock
o f the company and take steps to operate the Denver Texas &
Fort W orth and Fort W orth & Denver as one road.
G u lf Colorado & Santa Fe.—The earnings and income
account of this company for the year endrng December 31,
1886, have been furnished to the C h r o n ic l e as follows:
Average miles operated...............................................................
669
EARNINGS AND EXPENSES.
Passenger..................................................
$402,982
Freight.....................
1,833,915
Mail, express, &o.....................................................................
310.563
Total gross earnings........................................................ $2,556,461
. Operating expenses—
Transportation expenses........................... .........$1,828,019
Miscellaneous......................................................
55,583— 1,883,603
r
N et earnings...... , .............................................................
$672,858
#
INCOME ACCOUNT.
Receipts—
N et earnings.......................................................
$6'2,858
Other receipts.......................... . ........................
236,292— $909,141
have a sufficient sum to do so, over and above the above-mentioned
sums, to pay the remaining half of the July oonpons. Interest on the
coupons is to cease M ay 1, except as to the second half of the July
coupons, interest on which shall cease on the day which the receivers
may fix upon for the payment.
II. —An order confirming the master’s report and overruling the ex
ceptions in the case or George F. Arnold, who furnished railroad ties
within five months of the appointment of the re eivers, and directing
the immediate payment of $16,745 70, with interest from Feb. 23,
1895, being the value of the ties which came into the hands of the re
ceivers when they took possession, and were used by them in operating
I the road.
I I I . —A n order limiting the time within which any creditor can file an
intervening petition to the rule-day of July next. This does not apply
to those making claims against the receivers themselves for expenses
incurred in operating the road, but only to those who claim the pay
ment of some debt incurred before the property went into the hands of
the receivers, and seek to have their claims preferred to those of the
bondholders.
IV. - An order for the sale b y the master, at public auction, of 1,487
sections of land, in order to comply with the law s of the State of Texas,
under which these lands were granted to the railroad, which require
that they should be alienated within a certain number of years, the
sale to be made subject to the existing mortgages.
W e understand that the order directing payment for the
ties used by the receivers was made after long arguments on
behalf of the applicants in support of such action and the
trustees in opposition; and further, that the order limiting the
time during which claimants against the property can file
their petitions was made in view of the strong probability that
a decree for the sale of this property will ba rendered at the
November term of the court.
The coupons ordered to be paid will be payable at the office
of the Farmers’ Loan & Trust Company on the 1st of May next,
Illin o is Central.—Official notice is given that a meeting o f
the stockholders of the Illinois Central Railroad Company w ill
be held at the company’s office in Chicago, 111,, on June 17,
1887. This meeting is to vote on the proposal that the capital
stock of the company be increased by a new issue o f 100,000
shares, each stockholder to have the privilege of subscribing
at par for 33 1-3 per cent of the amount of stock registered in
his name on the transfer books at the close o f busioess on the
first day of June, 1887, and payments for such subscriptions
to be made as follows: Thirty per cent of the amount due
therefor, on the first day of July, 1887, 80 per cent on the first
day of August, 1887, and the remaining 40 per cent on the
first day of September, 1887.
A circular to be issued to stockholders in a day or two
w ill say that the directors h iv e decided not to renew
in perpetuity the leases of the railways between Dubuque,
on the Mississippi River, and Sioux City, on the Mis
souri, which will terminate in October next, but have made
engagements for such a purchase of the shares o f the Du
buque & Sioux City Railroad Company and of the Iow a Falls
& Sioux City Railroad Company as w ill give to the Illinois
Central Company the immediate control and ultimate owner
ship of both.
Under these engagements the sum to be paid
for the former will be $4,000,000 and for the latter $2,300,000.
The relation of the share capital of the Illinois Central to
its funded debt, which in 1858 was as $10 184,210 to $20,065,000; in 1873 was as $27,250,000 to $5,339,000; in 1882
(when increased by the $18,000,000 of debt o f the Chicago
St. Louis & New Orleans Company) was as $29.000,000 to
$27,831,000; and is now, in 1887, as $30,000,000 to $36,971,000—suggests that the former be enlarged. Such enlarge
ment w ill tend to preserve a better harmony between the
shareowners and the bondholders. The recent annual reports
of this company have shown th;.t since December, 1882, the
funded debt of the Illinois Central proper has been increased
by about ten million dollars.
The items of expenditure
which have created that increase in indebtedness have been :
Middle Division....................................................
$77,503
South Chicago R R ....................
108,474
Chicago Madison & Northern R R .......................... 1,946,107
Chicago H avana & Western R B ............................ 1,801,215
Rantoul R ailroad..................................................
364,693
--------- -------Canton Aberdeen & Nashville R R ...................... 1,892,639
Yazoo & Mississippi R R ........................................ 2,126,328
Mississippi & Tennessee R R ................................. 1,895,089
— — -------Io w a Division.........................................................................
.
$4,297,994
5,914,058
296,457
$10,508,510
The excess of $10,000,000 above $6.300,000, which is the sum
required to meet obligations created by the purchase of the
Iowa roads, w ill be devoted to the completion of the Chicago
Madison & Northern read.
The engagements made in 1882, by which the railway from
Cairo to N ew Orleans was united with the Illinois Central,
made necessary, as w ell as beneficial, the before-mentioned
expenditures of nearly ten millions for the protection and en
largement of the earnings of your main line. The construe-
A
p k il
tion of a bridge across the Ohio River near its confluence
with the Mississippi, at Cairo, has been undertaken by the
ChicatroStT Louis & New Orleans RR. Co. The contracts have
b ^ T m a d e on a basis of $3,500,000. The supervision thereof
w u f be in the hands of officers o f the Illinois Central Co.,
and the money required therefor w ill be hereafter provided
The bridge, when completed, w ill make the Illinois Central
RR in reality a national thoroughfare by rail from the
umier Mississippi and the Great Lakes to the Gulf of Mexico,
as was contemplated by Congress, nearly forty years ago,
when aiding its construction by a g ift of lands therefor to the
State of Illinois.
,
.
,
When the Chicago Madison & Northern RR shall have been
completed, the Illinois Central w ill have 173 miles of the
former in Illinois and Wisconsin. It will have the Chicago
Havana & Western RR. with its 131 miles in Illin o is; the
Rantcul RR. of 76 miles in Illinois and Indiana; the Canton
Aberdeen & Nashville and the Yazoo & Mississippi \ alley
railroads of 228 milts in Mississippi, making altogether a
total of 608 miles of railway, a mileage equal to six-sevenths
o f the Illinois Central RR. in 1856,—and all absolutely free
from any debt whatever.
Lake E rie & Western.—Judge Gresham has decided the
question as to the allowance o f claims for supplies and
materials furnished more than six months before the appoint
ment of a receiver for this road, in the suit under which it was
foreclosed last December. The claims accruing within six
months were allowed and those accruing partly within and
partly without that period. Although the parties were equit
ably entitled to interest on such claims, yet Judge Drummond
had established the rule that interest could not be allowed, and
he felt obliged to follow that ruling. The claim of Newberry
& McMillan for $200,000 was referred to the Master to see
whether the second income bondholders had consented to the
allowance of the claim.
Louisville St. Louis & Texas.—A t Elizabethtown, K y.,
this company has filed a first mortgage in favor of the Central
Trust Company of New York for $2.800,000 on its roadbed and
franchises between Louisville and Henderson. A second mort
gage was also filed for $250,000.
N ashville Chattanooga & St. Louis.—In the statement of
this road, as printed in the C h r o n i c l e last week, the report
for the nine months was given incorrectly. It should have
been as follows:
,..... — "March.-------- .
1887.
1886,
$187,349
Operating expenses.... 148,638
114,880
G ross earnings............ $245,733
Net eamincs...........
Interest and taxes......
Improvements.........
527
THE CHRONICLE.
23, 1867« J
$97,095
$61,202
8,005
$72,469
$56,325
2,197
.—July 1 to Mareh 31.—
>
1886-7.
1885-6.
$2,057,256 $1,664,829
1,188,145
997,239
$869,111
$340,000
70,376
$667,590
$506,873
39,746
at Newton, N. J., for $50,000.
was the purchaser.
W . W . Gibbs of Philadelphia
P h ilad elp h ia & Reading.—The Reconstruction Trustees
have called in two 25 per cent assessments on the junior
securities and the stock. The amount of money payable under
these calls is a little mere than six millions of dollars and they
are payable respectively June 1 and July 1 next. It is under
stood that the money will be applied to the redemption o f
receivers’ certificates and to other purposes of reorgmization.
St. Joseph & Grand Island.—The St. Joseph & Grand
Island Railroad Company has let a contract for the construe
tion of eighty-five miles of road extending from Fairfield,
Neb., to Alma.
St. Louis & Chicago.— A t Peoria, 111., this railway company
filed articles increasing its capital stock from $2,000,000 to
$7,000,000, and also a deed of trust to the American Loan &
Trust Company. The road is to connect Litchfield, Springfield, Joliet and Peoria.
St. Lonis F o rt Scott & W ichita.—The court has ordered the
sale of this road May 23. The road went into the hands of
a receiver a short time ago, owing to dissatisfaction of N ew
York stockholders with the returns they were receiving from
the Missouri Pacific, by which system the road was operated.
Shenango & Allegheny.— This railroad was sold A p ril 19
at Shenango, Pa., at receiver’s sale. The road runs from
Greenville through the Mercer coal fields to the A llegheny
Valley. It was bid in by Thomas P. Fowler and others in the
interest of the bondholders for $625,000.
Sonthern P acific Company.—The following is a compara
tive statement of the earnings, expenses and fixed oharges o f
this company for February and January 1 to February 28.
The total mileage is 4,866, against 4,678 last year:
,---------February.---------> ,------Jan. 1 to Feb. 28.----->
Gross Earnings—
1887.
1886.
1887.
1886.
Pacific system........... $1,437,789 $1,789.645 $3,099,408 $3,063,087
Atlautio system........
668,820
686,552
1,411,018
1,4‘^1,530
Total gross......... $2,106,609
$2,456,197
Net Earnings—
$163,0=2
$998.971
Pacific system............
Atlantic system.........
82,783
193,476
$4,510,424 $4,461,617
Total net............
Rental leased lines..
$550,865
52,518
$1,192,447
46,680
$1,318,206
104,948
$1,899,614
93,360
Total net income.
‘ Fixed charges.........
$803,383
1,188,236
$1,239,127
1,186,107
$1,453,154
2,382,717
$1,992,974
2,372.214
$1,108,242 $1,437,63 »
239,961
411,979
Net profits..............def.$384,903
Construction and Imp.
61,171
$'3,020 df.$J29,563 df.$379,240
18,441
SO,604
30,243
Balance............ def.$645,074
$31,579 d f.$ l,0 1 0 ,l«7 df $409,483
»Includes interest, rentals, Cent. Pao. guarantee, taxe3 an I U. S. dues.
Surplus..................
$69,207
$27,888
$58,522
$13,947
$610,376
$258,735
$548,619
$120,971
New York Chicago & St. Lonis.—This road (the Nickel
Plate) w ill be sold at public auction on the 19th day of May,
at the County Courthouse in Cleveland, by Special Master
Commissioner D. W . Caldwell. The minimum bid that will
be accepted for the road is $1,600,000, and of the purchase
price not less than $700,000 must be paid in cash at the time
of sale.
New York & Texas Land Company.—The N ew York
& Texas Land Company owns large tracts of land in Texas
and the Territories adjacent. The company has issued a large
amount of scrip, and the holders of a controlling interest in
the stock propose to declare a division of the scrip both in
their hands and in the treasury of the company, and there
upon apportion all the lands of the company by tendering
the scrip in exchange for them. To this a number of stock
holders make objection. Attorneys for the dissatisfied stock
holders procured from Judge Donohue, of the Supreme
Court, an injunction on behalf of Jacob S. Rogers and others
restraining the company from issuing or dividing the scrip
and to prevent the company from transferring any of its
lands and taking said scrip in payment.
Ohio & Mississippi.—The preferred stock o f this company
is by its terms strictly cumulative;-*-^ fact, this provision is
more distinctly and forcibly expressed in the Ohio & Mississippi preferred certificates than in those of any other com
pany. The terms are as follows, our italics showing the
emphatic parts:
** Tlie preferred stock is to be and remain a first claim upon the propefty of the corporation, after its indebtedness, and the holder thereof
shall be entitled to receive from tbe net earnings of the company 7 per
cetit per annum, payable semi-annually, and to have such interest paid
%n fu ll fo r each and every year before any payment o f dividend upon
the common stock ; and whenever the net earnings of the corporation,
wmch shall be applied in payment of interest on the preferred stock
dividends on tbe common stock, shall be more than sufficient to
pay both said interest of 7 per cent on the preferred stock in fu ll, and
7 per cent dividend upon the common stock fo r the year in which said
net earnings are so applied, then the excess of such net earnings, after
suon payments, shall be divided upon the preferred and common shares
equally, share by share.”
IVom time to time the report is circulated that the Ui
states Supreme Court has decided against the cumuli
property of this stock, but we believe no such decision
been made, and shall be glad to have any reader refer us
Supreme Court decision which declares in any shape that
above preference of the preferred stock over the commc
not perfectly valid and legal.
Pennsylvania Slatington & New England.—The Pern
vama Slatington & New England Railroad was sold this \
Toledo Ann A rb or & North M ichigan.—In advance of
the annual report for 1886 the C h r o n i c l e has the following
official statement:
Gross earnings.............. ............... ............. ................. ........... ..$380,251
E x p e n ses................. ................................................. - ................ 222,094
N e t ......................................................................................... $158,156
Interest on bonds.............. ... ............. .........................- .......... . 145,600
$12,556
34,557
Surplus for 1=88
Carried from 1835...
Surplus carried to 1887......................................................... $47,113
T ro y & Boston.—The report of the Troy & Boston R ail
road for the quarter ending December 31, 1886, filed with the
State Board of Railroad Commissioners at Albany shows:
Gross earnings, $131,210; operating expenses, $80,110; net
earnings, $51,110. Deductions from income as follows: Inter
est on funded debt, $18,500; taxes on property used in opera
tion of road, $3,600; rentals, $6,850; total deductions, $59,950; deficit, $7,772.
V a lley (0.)—The report of this Ohio company for 1886
shows the following:
1885.
Gross earnings.................................................$564,192
Operating expen ses........................................ 307,746
1886.
$628,450
324,593
N et earn in gs........... ...........
Charges...... ........................
$303,857
264,743
$261,440
254,637
Surplus.........................................................
$6,309
$39,114
V irg in ia Bonds.—A number of spurious bonds of the issue
known as Riddleberger threes have been discovered. A Bos
ton firm shipped $14,000 of these bonds to Richmond, where
they were pronounced fraudulent bonds, with forged names
attached.
Other bonds were also received there, making
$29,000 up to April 16.
The explanation arrived at is
that during the legislative session of 1882 the Kendall Bank
Note Company of New York engraved bonds for the entireissue under the authority o f the act known as the Riddleberger act.
These bonds were well executed, and were ac
cepted by the State ; but they were subsequently rejected and
a contract for executing the bonds was given to the Amerioan
Bank Note Company o f New York.
The Kendall Company,
however, shipped the bonds in three boxes, one of which the
State refused to receive, and this box, containing bonds o f
the denomination of $1,000 each, from No. 1 to No. 432, were
returned to N ew York, where the Kendall Company refused
to take them back. It is now believed that this box of bonds
was sold by the express company afterwards as an unclaimed
package.
528
THE CHRONICLE.
|VO L. X l/ IV ,
£he © o r a r o m i a l 'jCimea.
C O T T O N .
F r id a y . P. M., April 22, 1887.
The Mo vement op the Crop , as indicated by our telegrams
COMMERCIAL EPITOME.
from the South to-night, is given below. For the week ending
F r i d a y N i g h t , A pril 22, 1887.
this evening (Apr. 22), the total receipts have reached 14,222
The drought from which a large portion of the country bales, against 21,627 bales last week, 29,308 bales the previous
has been suffering was broken on Sunday and Monday by week and 34,115 bales three weeks since; making the total
heavy rains, and although snow fell in northern latitudes the receipts since the 1st of September, 1886, 5,107,013 bales, against
general effect was highly beneficial, especially as the temper 4,998,889 bales for the same period of 1885-86, showing an in
ature has since become quite spring-like.
Labor troubles crease since September 1, 1886, of 108,124 bales.
have brought the manufacture of stoves nearly to a stand still
Mon. Hues.
Receipts at—
Sat.
Wed. Thurs. 1 Fri.
in the principal shops of the country, and the silversmiths
Total.
have ordered a lock-out against their “ chasers.” The action of G alvesto n ......
230
966
802
130
44
58
2,230
employers in combining to resist the demands of their work
In dianola, &o
men seems to be spreading. Speculation in nearly all staples N ew O rleans...
314
491
995 1,031 1,454
668
4,953
o f agriculture has been rather slow and dragging, brokers Mobile..........
46
10
10
18
46
34
164
complaining a good deal o f the lack of business.
The opera Florida........
....
....
....
....
15
15
i0 ?
1
^n*
,er*®t;al;e Commerce Law excites loud com- S a v a n n a h .. .
272
329
103
67
204
29
1,009
plaints on the Pacific Coast by adding greatly to the cost of
Brunsw ’k, <fec.
marketing wool and other products of that section, giving, in
Charleston. . . . .
10
38
17
10
27
9
111
•effect, additional “ protection” to the wool growers of the
P t Royal, &c.
—
—
....
....
28
28
‘Middle States o f the Atlantic Slope, but causing much dis
54
15
....
3
47
26
145
content among the manufacturers of woolen goods. Another W ilm ington. . ..
Moreh’d C.&o.
....
....
....
....
15
15
•effect o f the operation of the law is seen, as inland navigation
Norfolk............
59
56
65
23
38
63
309
f ° rwardiug o f unusually large quantities
17
West Point, &c
20
....
....
....
547
584
Of Western staples by lake and canal, curtailing to that ex
New Y o r k ......
259
—
....
208
....
24
tent the business o f the trunk line railways.
469
269
422
292
304
93
83
The speculation in lard for future delivery has been active, B o sto n ............
1,463
....
....
....
••
••
443
but the large volume of business was due to free offerings, Baltim ore. . . . . .
443
391 1,706
30
83
51
3
under which prices have declined 20@24 points from last Fri P h ila d e lp ’ a, &o.
2,264
day, closing to-day at about the lowest figures. Lard on the Totals this week 1.885 4.049 2,319 1,875
2,004 2.050 14,222
spot is also lower, closing at 7 20c. for prime city, 7-45@7'50c.
■for prime to choice Western, 7'55c. for refined to the Conti * v.* uumjxuiDuu, wo give mo Luuuwiug Lauie snowing tne week s
total receipts, the total since Sept. 1,1886, and the stock to-night,
nent and 7‘90c. for refined to South America.
and the same items for the corresponding periods of last year.
2
d u ly
c l o s in g p r ic e s o f l a r d
Saiurd'y.
M ond’y.
Tuesd’y.
futures.
Wednsy. Thursd’y, Friday
May deliv’y .. 7-65
7’62
7‘50
’•47
•48
•40
June
7 -73
7-69
7*56
7-55
7-55
7-46
July
7-80
7-75
7-63
7 62
7-62
7-54
August
7-87
7-83
7-70
7*69
7-70
7-62
October
7-87
7-98
7-82
7-81
7 81
7-75
Pork has sold more freely, but at easier prices, and the
dose is depressed and unsettled; old mess, $15 50@$15 75:
$1® 50@$16 75; prime, $14@$15; and clear,
o0@$17 75. Cut mests have been dull, but were in mod
erate demand to-day. Pickled bellies, 7 ^ @ 7 ^ c .; shoulders,
«M @ 7c., and hams,
smoked shoulders, 7%@8c.,
aod hams, 12^c, Bsef is easier at $8 50 for extra mess and
$9 for packet per bbl., and $12@$14 for India me s per tierce.
Tallow is firm, but quiet, at 8%o. Stearine has been quiet at
but oleomargarine steady at 7c. Butter is firm at 18@
25c. for creamery and 18@24c. for State dairy. Cheese is un
settled and nominal at 12@ 14c, for full cream State factory.
The swine slaughtered at the principal Western towns,
March 1 to April 20, i umbered 845,000, against 795,000 for the
corresponding period last year.
The following is a comparative summary o f aggregate ex
ports from November 1 to April 16 :
_
,
„
1886-7.
21,456,400
? acSn,\&0- ' lbs.............. 239,085,612
............... - ....... 161,826,215
Pork, lbs..................
1885-6.
21,6 9,600 Dec.
229.329,-60 Inc.
141,368,492 Ino.
173,200
9,755,752
20,457,723
Receipts to
Ap r. 22.
Galveston..
In d’nola,<feo
N ew Orleans
Mobile..........
F lo rid a ........
Savannah. ..
B r’sw ’k, &c
Charleston
Pt.Royal,&c
Wilmington
M’head C.,&c
Norfolk........
W.Polnt, &o.
New Y o r k ...
Boston . . . . . .
Baltim ore...
Philadel’a,&o
Total...........
1886-87,
This Since Sep.
Week. 1,1386.
2,230
1885-86.
This
Week-
704,373
6,681
4,953 1^689,9 99
164 211,328
15
23,001
1,009 785,915
....
31,353
Ill
361,916
28
17,633
145 133,639
15
3,763
309 521,659
584 322,166
489
92,905
1,463
98,654
413
58,809
2,264
46,600
12,356
1,184
53
7,174
260
3,423
3 67
510
32
5,994
5,003
221
219
419
264
........
Since Sep.
1,1885.
683,581
781
1,646,865
237,049
49,972
759,352
15,911
467,465
13,659
98,428
7,685
520,864
262,991
52,694
91,227
49,904
40,461
Stock.
1837.
1886.
20.078
38,539
152,973
2,997
5,671
203,688
30,491
2
32,254
1,434
48
2,346
28,996
178
4,723
10,246
3,280
219,425
6,000
5,683
25,260
37,094
4,290
296,810
6,310
30,075
16,039
14.222 5,107,013
43,96^4,998,889 455.446 729,489
i uun-euieu dj aaai ion at uaiveatou
of 7,973 bales, ana deduction fioin Baltim ore of 7,0 0 u bales.
In order that comparison may be made with other years, we
•
*
*
'
v a K Iaot 4L a A A I# aa I _ J:_ . ___ a. s
t a
a a ,
The speculation in Rio coffee options has been active at
advancing prices, culminating yesterday in a very excited Receipts at—
1887.
1886.
1885.
1884.
1883.
1882.
market, with prices ranging from 15c. to 15 60c. at the close,
an advance of fu ily one cent a pound from the previous Fri Galvest’n,&c.
2,230
6,681
704
1,280
3,831
day, but to-day a portion of this was lost, closing with sellers N ew Orleans.
4,953
12,356
6,671
4,21
7,522
Mobile..........
at 14'6U@15’15c. tor the spring and summer months, and
164
1;184
415
797
2,623
15,20@15-40c. for the autumn and winter months. Coffee of Savannah ...
1,009
7,174
3,447
598
2,689
all growths has been active on the spot and for early arrival CharPst’n, &o
139
3,590
576
791
2,202
at prices advancing fully as much as futures, touching 16%c. Wilm’gt’n,&o
160
542
20
102
485
•for fair cargoes Rio, but to-day was easier at 16J^c., with Norfqlk........
309
5,994
920
790
4,188
larger sales, including No. 4 Rio at 16c., Java at 18^(4 22c., W. Point, &o.
584
5,003
1,963
268
1,287
the latter for Padang ; Sumatra 22c., Maracaibo 17(d) 17i£c. A ll others ...
4,674
1,436
4,406
12,035
8,779
and Mexican 17%@ 18c.
Raw bugars hav« been moderately active at firm prices, but Tot. this w ’b. 14,222 43,960 19,122 20,923 59,244 33,606
without speculative spirit, and the close is qui^t at 4 9-16 c. Since Sept. 1. 5107,013 4993,889
fo r fair refining Cuba and 5 3-16c, for centrifugal, 96 deg.
v « f w » « i u i w u u w luuiaum a; uuaneston includes Port Royal, die.,
test. Molasses steady, and two cargoes sold to-day a r 20c. for Wilmington Includes Moreh'd City,&o.; West Point includes City Polnt,&c.
50 deg. test. Teas have continued to b8 freely offered at
The exports for the week ending this evening reacb a total
auction.
of 46,156 bales, of which 83,227 were to Great Britain, 3,543
Kentucky tobacco has been quieter, the sales of the week to France and 9,386 to the rest of the Continent. Below are
amounting to only 250 hhds., of which 150 for export, at un the exports for the week and since September 1, 1886.
changed prices. Seed leaf also has been dull, and sales for
With Ending Apr. 22.
from Sept- 1,1886, to Apr. 22. 1887
the week are 700 cases, as follows: 100 rases 1885 crop, Penn
Exported to—
sylvania seed, ll@ 13o.; 100 cases 1884 crop, Pennsylvania
Great
Conti Total Great
Conti
from —
seed, 12@13c.; 150 oases 1881-82-83 crops, Pennsylvania seed,
B rit’n. France nent. Week. Britain. France nent.
Total.
14c.; 100 cases 1885 crop. New England Havana, private
512 3,908 255,546 30,352
99,599 335,497
terms; 100 cases 1885 crop, Wisconsin Havana, 7@ 10c.f and G alveston...... 3,866
New O rleans..
150 cases sundries, 6^ 18c.; also 200 bales Havana, 60o.@$l 05. M obile........... 14,525 3,443 5,605 23,573 693,413 318,001 349,803 1,361,220
46,807
46,807
and 150 bales Sumatra, $1 20@$1 50.
F lorid a .........
Spirits turpentine bas latterly been dull, and closes n o m in a l Savi m ah .......
..... ..... 233,159 18,648 243,960 493,767
at40o. Rosins are quiet at $1 173^@$1 25 for common to Charleston ....
90,453 43.966 143.206 277,625
good «trained. Tar is in better request at $2@$3 05. Crude W ilm ington...
90,823 7,960
10,857 109,640
Norfolk..........
petroleum certificates have not attracted speculative interest
.....
321,439
3,900 325,339
and close lower and nearly nominal at 63@63^o. W ool is West Point,Ac
94.517 2,150
8,406 105,073
100 3,139 11,668 431,852 39,805 191,672 666,329
m ore firmly held. Ocean freights were active for grain room New Y ork ...... 8,420
100 3 915 137,447
early in the week, at better rates, though still low, but the Boston........... 3,815
. 1,522 138,96
Baltim ore......
1,214
1.214
94,209 8,725
28,587 131,521
close is again dull and unsettled.
Philadelp’a, Ac
1,818
49,533
1,818
46,461
3,074
On the Metal Exchange speculation in Straits tin has been
Total........... 33,227 3,548 0,386 46,156 2,536,129 469,610 1,087,586 4,093,325
quieter, closing unchanged at 22^c. for May. Lead is cheaper;
Lake sold to-day for September at 43^c.
Total 1885-86 85,704 5,347 11.077 52,128 1,968.166 374,814 1,100,500 3,504,280
THE CHRONICLE.
A pb il 23, lö87.J
In addition to above exports, our telegrams to-night also give
mapa.
us the following amounts o f cotton on shipboard, not cleared,
at the ports named. W e add similar figures for New York,
oaS-g*
* © ft
K*© ®7
*
which are prepared for our special use by Messrs. Carey, Yale
f t Lambert. 24 Beaver Street.
Great France. Other Coast
Foreign wise.
Britain.
-----
Other p o rts.....
None.
None.
None.
None.
None.
None.
None.
None.
8,956
None.
None.
None.
4,179
None.
4,750
1,000
1.299
None.
ICO
300
1,607
4C0
None.
None.
15,555
None.
1()0
300
5,786
4,500
6 550
6,060
137.418
2,997
1,334
5,371
14.292
5,746
212 875
36,622
Total 1887......
16.200
None.
18,885
3,706
88,791
416,655
Total 18 8 6 ......
Total 1885......
49,618
14,445
10,670
3,542
20,779
6,116
17,625
4,372
98,722
28.475
630,767
546.882
The speculation in cotton for future delivery at this market
has been less active in the past week, and the close is at a
considerable decline in prices.
On Saturday the market
opened easier, under the statistical position, and especially
the larger visible supply as shown by the tables of the
C h r o n i c l e ; but the detailed weather reports were regarded so
unfavorably that, together with the small stocks in our markets,
they caused a quick recovery. Monday brought needed rains to
the cotton region, and Liverpool developed weakness, giving
a downward turn to values which continued to the close of
Tuesday’s business. On Wednesday a slightly better Liver
pool report caused a demand to cover contracts, upon which
futures recovered a few points, but a decline followed. Thurs*
day the market was duller than for some time past, and val
ues weak, especially for this crop. To-day there was a
decided decline, under a dull Liverpool report and good
weather at the South, which caused many discouraged bulls
to unload, but the close was steadier. Cotton on the spot was
quiet, without quotable change in prices, middling uplands
closing at 10%c.
The total sales for forward delivery for the week are 374,400
bales. For immediate delivery the total sales foot up this week
2,868 bales, including — for export, 2,268 for consumption,
100 for speculation and — in transit. Of the above, — bales
were to arrive. The following are the official quotations for
each day of the past week.
Apr. 22.
m o u T u e s S a t.
S a t.
Ordln’y.fMb
Strict O rd ..
Good Ord..
Btr. G’d Ord
Low M ldd’g
Str.L’w Mid
M iddling...
Good Mid
Str.G ’d Mid
Mldd’g Fair
Fair.........
8*16 Sim
8 a*
8 »*
97,8
97ie
97
8
97
8
10*4 10 »4
1071
8
lOBf, 1088
1078 1 0 78
u%
11%
1 1 % 1 !%
12% 12 %
W ed T h .
Ordln y.*0 ft 8*16
>
Strict Ord
8%
Good Ord
97ia
Str. G ’d Ord 97
8
Low Mldd’g 10*4
Str.L’w Mid l 07ifc
M iddling... lO%
Good Mid.. 1<>78
Btr. G ’d Mid 11*8
Mldd’g Fair 1 1 »*
F a ir ......... i 2»8
8 »ia
8%
9716
97
e
10 %
10*16
lU5g
1 0 78
11%
11%
12%
2! ab m
S *-*® o
8 a co
= >
¿¡•mV®
Ifto n T u e s S a t.
8%
8**16
9%
10*16
107,6
10 %
107 3,8
11*16
1 15, ß
11**16
125,8
8%
8 *1,6
9%
1 0 1 ,6
107tfi
10 %
1013,8
11*16
115,8
11**16
125,6
8%
8**16
9%
10*18
107,e
10 %
1013,0
11*16
115, 6
11**16
125,8
8%
8**16
9%
10'16
l o ’ ie
10 %
loi3la
11*16
115,6
U **l6
126ie6
Th.
F ri.
W ed
Th.
8%
8 U is
9%
10*18
1 716
<
10 %
loi^ia
11*16
115, 6
11**16
125,8
8%
8**16
9%
10*16
1 0 7i8
10 %
iul^ie
11*16
115,8
1 U 1,8
1 2 %»
8%
8**16
9%
10*16
107,6
10 %
lOiSie
11*16
115,6
11**16
126,8
8%
8**16
9%
1 0 *ia
107,8
10 %
10*3,8
1**16
115,6
11**16
125, „
ST A IN E D .
S a t.
Good O rd in a r y ___ . . . . .
Strict Good Ordinary...
Low M iddling............ .
M id d li n g ................
M on Tues W ed
7%
7%
7%
7%
87le
87,6
87,6
8*16
9%
9%
9%
9%
10% 10% 10% 10%
8%
8**16
9%
10*16
107,8 107,6
10 % 10 %
1013,8 1 0 *8,8
11*16 11*16
115,8
11**16 11**18
125,: 126,8
►
Ex- Con-1 Spec- Tran- '
port, sump u l’t’n sit. |■*<>«*»•
©55
...
....
....
217
384
334
407
508
418
2,268
Ï 00
....
10 0
—
FUTURES.
Deliv100
fc6,600
54.400
47.600
65,000
41,400
99,400
200
2C0
100
10 0
2,368 374,400
700
217
484
334
407
508
418
....
The daily deliveries given above are actually delivered the day
previous to that on whiob they are reported.
T h e S a l e s a n d P rices
ing comprehensive table.
op
F u t u r e s are shown by the follow
:
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po ®
C 05 05
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00
00
I
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OD O
O o Oq
Db ô
** cp
cc
I 9: ;
11
7%
7%
87,6
8 'ie
9%
9%
10% 10%
Sales.
<
|
©
Oi<l
I9
I9
11
SALES OF SPOT AND TRANSIT.
Bat F ir m ...._____
Mon . Firm ..................
T aes. Easy..................
Wed Firm ..................
Thors Steady...............
Fri. . E asy..................
©
n
iö ) s ) o
*:
0< C 0 J Ö
01 O 0O 0
—M t>
© © < © O ¡4
o» *u © end« ©
O O M 1 0*0» ^
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4
1 c* «*»:
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o o o o o® © o
c c ^ C d» d» ® e
i» i» N
i»
HO) H »* 4 a>
H t-*
*
M — t>
o © 5 © O ¡4
© to
MARKET AND SALES.
SFOT MARKET
CLOSED.
© i
oTi
<
Ä
I9
►H
- *
oo
oo 5
© l¿to ®
00 *
00 4
• 9i°:
—
'MejM M m L*M MM'TjjM MM to M
©Op© ©Op© ® o © o O O O O
F r i.
The total sales and future deliveries each day during th
week are indicated in the following statement. For m e con
venience of the reader we also add a column which snows at a
glance how the market closed on same days.
005,8.6
EL®.*»*
©
I
8%
8**16
9%
Th.
B• G
H; Q
O
• 1
©•
-4 ©
©Oq ©
cuoi© di
00-t -I
F ri
81«
8%
97l8
97
s
10 %
107,6
10 %
1 0 78
11%
11%
12%
Spi
9* M
i; ?
(X •
)
©*
F -C 5 2
i« :
MM*,M
w
8%
8**16
9%
10*16
I 67ie
10 %
1 0 i»ie
l l 'i e
116,8
11**16
12&18
p wotS.
‘X ►
N o n Tue«
8%
8 »iie
9%
10% 6
1 0 7i6
10 %
10l3le
H %6
1 1 %»
m ile
1 2 %e
F ri. W ed
8110
8%
97ia
97
8
10 %
107, 8
10 %
I 07
a
11%
11%
12%
t)W
|8-0 0 ~ © g
p)SL*d
05©
T EX AS.
N E W O R LE A N S .
UPLANDS.
; «
•
: to
* ©
I-J • to
Leaving
Stock.
Total.
5.300
None.
None.
None.
None.
4 100
1,800
5,000
N ew O rlean s....
Middle . ______
Charleston . . . . .
Savannah. . . . . .
G alve sto n ... . . .
Norfolk . . .. . . . .
a
«
o O C Qj F2.&2 93È
C
D
D
* fi O 5*
B ¡2« "O © "
ovt
P c- t>
t
03.S.S
c © ft ®
o
tret ® Oi
Po p
a
•1
0
On Shipboard, not cleared— r
fo
Apr. 22, AT—
52&
I9
II
* Includes eaiee iu September, 1886, lor September, 42,nuO; September-Ootober, for October, 287,200.; September-November, for Novem ber,
441,700; September-December, for December, 765,100; SeptemberJauuary, for January. 1,685,900; September-Februai y, for February,
1,282,400; Be; tember-March, for March, 2.106,800.
We have included in the above table, and shall continue each
ween to give, the average price of futures each day for each mouth. It
w ill be found under eaob day following the abbreviation “ A ver.” The
average for each month for the week Is also given at bottom of table.
Transferable Orders—Saturday, 10'65e.; Monday, 10‘tiOe.; Tuesday,
10-60c.; Wednesday, 10-60c.; Thursday, 10‘65o.; Friday, 10‘55o.
The following exchanges have been made during the w eek :
to exch. 100 Sept, for Aug.
*06 pd. to exch. 100 J uly for A u g.
•32 pd.
•07 pd.
•13 pd.
•06 pd.
to exch. 400 Jan. for Oct,
to exch. 100 June for Aug.
to exoh. 600 July for Aug.
I Even 500 June for April.
j
•11 pd. to exch. 40C June for A u g.
The Y i s i b l e S u p p l y o f C o t t o n to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as w ell as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
530
T H E
f VOL. XLTV.
C H R O N IC L E ,
to Thursday evening. But to make the totals the complete
figures for to-night (A pril 22), we add the item of exports frcm
the United States, including in it the exports o f Friday only.
week last year, and since September 1 the receipts at all the
towns are 39,485 bales more than for the same time in 1885-86.
1887.
!. 998,000
.
14,000
1884.
1885.
1886.
634,000 1,024,000 1,063,0 0
31,000
65,000
21,000
In the table below we give the closing quotations o f middling
cotton at Southern and other principal cotton markets for each
day of the past week.
Stock at H a m b u rg ...
Stock at Bremen.......
Stock at Amsterdam
Stock at Rotterdam .
Stock at A n tw e rp ....
Btook at H a v re .........
Stock at M arseilles..
Btook at Barcelona...
Btook a tO e n o a .......
Btook at Trieste....... .
.1,012,000
.
4,600
.
51,100
.
27.000
300
. « 1,100
. 251,000
.
2,000
.
52,000
.
6,000
.
12,000
655,000 1,055,000 1,128,000
5,600
2,500
3,900
71,700
48,300
44,400
54,000
47,000
27,000
1,000
400
500
1,30(1
800
1,200
211,000
179,000
148,000
4,000
5,000
6,300
58,000
83,000
72,000
10,000
8,000
12,000
3,000
5.000
3,000
Total Continental stocks.
.
318,300
407,100
. i , 419,100
). 312,000
6 232,000
6 60,000
. 455,446
.
87,922
10,357
United States exports to-day. .
382,100
416,500
973,300 1,437,100
203,000
234,000
187,000
300,000
6,000
15,000
575,357
729,489
99,349
249,760
9,800
8,144
1,544,500
320,000
246.000
50,000
572,785
82,617
4,000
819,902
Of the above,the totals of American and other description s are as follov 8:
American—
785,000
466,000 798,000
9 820,000
314,000
245,000 281,000
. 300,000
246,000
300,000 187.000
. 232,000
572,785
729,489 575.357
. 455,446
82,617
99,349
249,760
.
87,922
4,000
9,800
8,144
.
10,357
.1,905,725 1,,998,393 1,950,506 2,004,402
Satt Indian, Brazil, * c .—
Liverpool Btook ................
Continental stocks. . . . .
.
.
.
.
.
178,000
14,000
107,100
312,000
60,000
168,000
21,000
73,300
234,000
15,000
226,000
31,000
101,000
203,000
6,000
278,000
65.000
102,500
320,000
50,000
Q u o t a t io n s
for
M id d l in g C o t t o n
at
O t h e r M a r k e t s ,—
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Apr. 22.
Satur.
Galveston...
New Orleans.
M obile.........
Savannah. . .
Charleston. .
Wilmington..
N orfolk........
Boston.........
Baltimore....
Philadelphia.
A ngusta____
M em phis___
St. L o u is .....
Cincinnati...
Louisville....
Mon.
Tuts.
10*8
10»8
10*8
10*4
10 H
IO 1
*
lOJfl
10%
10®8
10%
10*8
10*8
10*8
10*4
10%
10*8
10*8
10*8
10*4
10*4
10*4
10*fl
10%
1008
10%
10*8
10*8
10*8
10*4
10%
10*8
10*8
10*8
10*4
10*4
10*4
10*a
10%
100g
10%
10*8
10*8
10*8
10*4
10%
Wednes.
10*8
10*8
10*8
10*4
10*4
10*4
10*3
10%
10%
10%
10%
10*8
10%
10*4
10%
Thurs.
Fri.
10*8
10*8
10*8
10*8
10*4
10%
10*3
10%
10%
10%
10*8
10*8
10%
10*4
10%
10*8
10*8
10*8
10*8
10*4
10%
10*3
10%
10%
10%
10%
10*8
10*8
10*4
10%
R eceipts from the P lantations .—The follow ing 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.
Week
Ending—
Mar. 18.......
“ 25.......
Apr. 1.......
“
8.......
“ 15.......
“ 22.......
Receipts at the Ports. Sfk at In terior Towns. Rec'pts from Plant’ns
1885.
1888. [ 1887.
82,885
28,810
28,111
21,808
28,723
19,122
57,743
64,328
59,093
41,892
58,305
43,960
1885.
1886.
1887.
57,716 170,155 392,722 200,914
46,208 158,175 338,392 173.846
34,115 144,998 335,668 143.163
29,308 123,906 319,744 132,220
21,627 117,823 295,810 119,046
14,222 106,983 271,336 107,106
1885.
1888.
21,908
16,830
14,934
5,718
12.610
8,232
28,729 21,668
29,998 19,230
86,866 3,437
25,473 18,360
82,371 8,453
19,486 2,282
1887.
815,500
567,100
511,300
. 671,100
.1,905,725 1,,998,393 1,950.506 2,004,402
The above statement shows— 1. That the total receipts from
the plantations since September 1,1886, are 5,168,059 bales;
in 1885-86 were 5,254,375 bales; in 1884-85 were 4,733,708 bales.
2. That, although the receipts at the outports the past week
The imports into Continental ports this week have been were 14,222 bales, the actual movement from plantations was
only 2,282 bales, the balance being taken from the stocks at
65,000 bales.
,
_ ..
„
.
. ..
The above figures indicate an increase in the cotton in sight the interior towns. Last y ear the receipts from the plantations
for the same week were 19,486 bales and for 1885 they were
to-night of 07,182 bales as compared with the same date of
1866, an increase of 59,219 bales as compared with the corres 8,282 bales.
A mount of Cotton in Sight A pr . 22.—In the table below
ponding date of 1885 and a decrease of 243,077 bales as
we give the receipts from plantations in another form, and add
oompared with 1884.
A r the I nterior T ow ns the movement—that is the receipts to them the net overland movement to Apr. 1, and also the
foi the week and since Sept. 1, the shipments for the week, and takings by Southern spinners to the same date, so as to give
the stocks to-night, and the same items for the corresponding substantially the amount o f cotton now in sight.
period of 1885-86—is set out in detail in the following statement.
1886-87. 1885-86. 1884-85. 1883-84.
.2,576,825 2.509.693 2,517.606 2,819,902
XUbOl
•••••••
63, fid.
51, fid.
ÖVU
ft1 (1
*8 .
Price Mid. U p l., L iv e rp o o l.....
107
80.
117 < .
8J
9 >40.
.
10080.
Price Mid. Upl., N ew Y o r k ....
--------
H
I
H
t
i s
Receipts at the ports to Apr. 22 5,107,013 4,998,889 4,643,940 4,693,266
Interior' stocks on Apr. 22 in
59,04.6 255,486
41,638
89,768
excess of September 1.........
o n“
0*1
8 S S S iK OS t
? ef
Se® ® E aS o ?
To ®
filili! I- fis*aOS H SöB©S ig S®fi®8° a2-© K 2.M
h
e
P go5
- r 8
p
- 3
- *4
b
„
HH5JP 5 *
5
B* * ?
t 5 2T< » 9 • -*•
P
n rr B . • • °
o
I? ?
O
«® t W
' ®
e gI gf§> I ©J
*
f
*®
Tot. reoelpts from planta’tns 5,166.059 5,254,375 4,733,708 4,734,904
720,395 682,645 556,182 526,328
Net overland to Apr. 1........ .
Southern oonsumpt’n to Apr. 1 303,000 253,000 217,000 236,000
W. p • ; s e :• fc: • •
• ^ • P * S■ :
O
Total in sight Apr. 22........... 6,189,154 6,190,020 5,506,890 5,497,232
« B
p
f° Kf5
19
S
f.
W
)
a v a ^ -t c c m
C 00©
O
Wl*
M
M
© _
M I
M © W C B tO M lP »- C 0 O O ©
M | * if* © CO
-1
8.gp
ccDtotctoaoo»H^i*o©ao<i©tOM©Mto MS*
IO ©l r- O
H
«sirf>»CBt3M CRM **coao©i& fcoa*oa
W
M
»W
^ *- 0 C *» o
»1 0 Q*1 o
Northern spinners’ takings to
Apr. 2 2 . . . . ............ .............. 1,431,913 1,536,011 1,193,501 1,362,104
tate
8 f
•S’1
*
0n8
It w ill be seen by the above tbat the decrease In amount In sight
to-night, as oompared with last year, is 566 bales, the increase
as compared with 1884-85 is 682,564 bales and the Increase over
1883-84 is 692.222 bales.
W e a t h e r R e p o r t s b y T e l e g r a p h .— Our telegrams from
the South to-night indicate that although rain has fallen in
many sections it has in general been light and insufficient.
Rain is needed in almost all localities. Planting continues to
I H
I «
• M
make good progress.
ancom !
m
• woo cc*
©
c o o iO ! «q h* < i co I h- < i 03 to ; rfJkO
Galveston, Texas.— The weather has been warm and dry all
03 © O« 03 if* a. <0• v i r - t OC* C 0*
3
ti
the week. The thermometer has ranged from 63 to 79, aver
aging 71.
to t o ;
to o n to < i
* 03 M tO <1 M M
O 3 t0 *
OKO'r-»CD«*^ « 4 iB
Palestine, Texas.—There has been one good, but entirely
CO © C > © © fcO•
M5*T 00O t *
1 00
tOo
oO
J
iS »
insufficient Bhower, the rainfall reaching forty hundredths of
CO U
D OO
an inch. W e are needing more rain badly. The whole north
ern belt of the State has had good rains, but in most sections
W
M*0
s »
not enough. A ll the rest of the State is suffering dreadfully
KMO D*‘-*M C .^ MH:C © BMa
> H © MB to *-G ) C B
O
OWM Mi^
© O *Cif 03©ifk | M OOC C ©
hC
©
O O CD if** •«** Or CO
£ t;
e
Average thermometer 66, highest 80 and
h'lf*MMOO^CDCOOltOCOOiOOatìO^
©©**-4©<lCB
^ S' from drought.
lowest 47.
0£
3*
M
M
C M M
B
New Orleans, L ou isia n a .—It has rained on one day o f the
OtfteoacpMiftcoM'j tocoto^toa»occB
week, the rainfall reaching six hundredths of an inch. The
«si co to a <) a co coco<i x rf*<i #»© cb© co
*
^silo a 03 co c Ó c to cb o a to a a co c bo
b
C O C 00 if*» C C
D
O
O O
thermometer has averaged 73.
^ . qd *».|^<3 3CD O «Q D OC O — OCOOOOtOCB*-*
00 O C C C
B O O to
©coaaaocBif*.acocooo^icB^ato<i<i
M 0 ■* «4 Ä O <1
3 *»
Shreveport, L ou isia n a .—Rainfall for the week twentythree hundredths of an inch. The thermometer has ranged
from 47 to 90, averaging 68.
I^ X C O C D tO M tO M O O
! CO CO 03 CB CO to CD
©OM OC C
C CMCO
Columbus, M ississip p i.—I t has rained on two days of the
00 *-* > * if* X to CD © a * CO ; CO © CO — © *-* *
È
—
ft»
OOB00 ?0 03 O
O lr -| f* O i| i* © Q 0 © © © Ü t* O Q O O ^ M * ©
OOCDOi-tOCB
week, the rainfall reaching sixty-two hundredths of an inch.
Average thermometer 61, highest 82 and lowest 34.
M«*
5 M
M
^
tO
Leland, M ississippi.—W e have had light rain on tw o days
©to toco mm a©; Ma ooatocBw 'S »
»-*
Viìo a "»'a'co'bico^-*a • ip*a%'# o'*-- ©'m
—
ccoO-^toM;
of the week, the rainfall reaching ninety-three hundredths of
^ © © © »f^ tO lfk r - © ©
tC CB
M © *-* tO <3
C Oto <Jot tot
O»
|f^M©00X©a*aCB©* aCBCO CBtO
^©M
CO 00 O- £*» 00 00.
an inch. The thermometer has averaged 63 4, the highest
being 84 and the lowest 43.
* The figures for Louisville In both years are •net.’1
Greenville, M ississip p i.—Rain has fallen on one day o f the
t This year’s figures estimated.
The above totals show that the old interior stocks have week to the extent of one inch and two hundredths. The
decreased during the week 12.257 bales and are to-night 161,838 thermometer has ranged from 58 to 84.
M erid ia n , M ississippi.—W e have had rain on two days or
bales less than at the same period last year. The receipts at
the Hanrifl towns have been 11,957 bales less than the same • the week, but not enough to do much good. Cotton is com-
C »
O
Igf
THE
A f s il 28, 1887.]
531
CHRONtOLE.
in„ up slowly on account o f the dry weather. The thermnmpter has ranged from 48 to 85.
rT irk sd 'ile M ississippi.— The weather has been warm and
f^ n m b le during the week, with a rainfall of eighty-six huod^dths of an inch. The thermometer hasranged from 38 to 86.
V.cksbura, M is s is s ip p i— It has been showery on two days
nf the week, the rainfall reaching seven hundredths of an
inch. The thermometer has averaged 60, the highest being
90 and the lowest 46.
„ ,.
,
Gloster Mississippi- —There has been no rain all the week.
The thermometer has averaged 73, ranging from 55 to 92.
Helena Arkansas.—The days have been warm and the
nights cool during the week, with rain on two days, to the
extent of two inches and forty-eight hundredths. Goo 1 rains
are bringing crops up. Average thermometer 66, highest 88,
Acoording to the foregoing, Bombay appears to show an
increase compared with last year in the week’s receipts o f
.000 bales, and an increase in shipments of 33,000 bales, and!
the shipments since Jan. 1 show an increase ot 43,000 bales»
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st o f January, for tw o
rears, has been as follows,
“ Other ports” cover Ceylon,
Tutioorin. Eurrachee and Coconada.
Shipments f o r the week.
Great
Britain.
Calcutta—
1 H 8 7 .........
1886........
Madras —
1 * 8 7 .........
Conti
nent.
7.000
2.000
6,000
5,000
1,000
Shipments since January 1.
Great
B ritain.
Continent.
13,000
7.000
48.000
34.000
63,000
24,u09
117,000
58.000
1.000
3.000
3,000
6,000
Total.
Total.
1
3,000
3.000
l0JfcTOpkfo, Tennessee.-W e had rain on Sunday night,
which was much needed. The rainfall reached ninety-one A ll others—
11,000
15.000
26.000
1887........
........
hundredths of an inch. It is now raining. Planting is
36,000
13,000
23.000
1,006
1886........
i ’ ööö
makine good progress. The thermometer has averaged 61,
th e h igh e st b e in g 81-5 and the lowest 40.
_
Total a l l 83.000
149,000
63.000
6,000 14,000
8.000
1887........
Nashville, Tennessee.— We have had rain on three days of
97,000
3 7 .000
8.000
60 000
5.000
3.0 00
1886........
the week, the r a in fa ll reaching one inch and forty-one hun
The above totals for the week show that the movement from
dredths. The thermometer has averaged 60, ranging from 36
the ports other than Bombay is 6,000 bales more than the same
t0Mobile, Alabam a—There has been one light shower during week last year. For the whole of India, therefore, the tota I
the week, the rainfall reaching four hundredths of an inch. shipments since January 1, 1887, and for the corresponding
Crop aco mats a-e less favorable. General rains are badly Denods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM A L L IN D IA .
needed, and much seed planted has failed to come up. The
thermometer has ranged from 53 to 81, averaging 70.
1866.
1885.
1887.
M ont joinery, A la b a m a —W ith the exception of one light
Shipments
This
This
Since
Since
shower, the weather has been warm and dry all the week.
Since
This
to a ll Europe
week.
Jan. 1.
week.
Jan. 1.
week*
Jan. 1.
fro m —
The rainfall reached eleven hundredths of an inch. Rain is
badly needed; the weather has been so unfavorable that much B o m b a y......... 61,000 523.000 33,000 480,000 32.000 332,000
97,000 13.000
91,000
seed planted has failed to come up. Average thermometer A ll other ports. 14,000 149.000 8,000
70-6.
. ,
.
T o ta l......... 75,00u| 672,000 4i,000l 577,00' 45.»'00| 423,000
Selma, Alabama.—It has rained on one day of the week,
the fainfall reaching five hundredths of an inch. The ther
A l e x a n d r i a Receipts an d Shipments .—Through arrange
mometer has averaged 70, the highest being 84 and the lowest ments we have made with Messrs. Davies, Benachi & Co., o f
Liverpool and Alexandria, we now receive a weekly cable o f
48.
. .
A u b u rn , A labam a.—Telegram not received.
the movements of cotton at Alexandria, Egypt. The follow ing
Madison, F lo r id a —Telegram not received.
are the receipts and shipments for the past week and for th e
Macon, G e o rg ia —I t has rained on one day of the week, but
orresponding week of the previous tw o years.
not enough to do much good.
Alexandria, Egypt,
Columbus, G eorg ia —W e have had rain this week, but not
1385-86.
1884-85.
1883-87.
Apr. 20.
enough to do much good, the rainfall reaching only forty hun
dredths of an inch, The weather has been so unfavorable Receipts (cantars*)—
16,000
2,000
7,000
This w eek___
that much seed has failed to come up, The thermometer has
2,823,000
3,568,000
2,849,000
Since Sept. 1
averaged 70, ranging from 52 to 85.
Since I This I Since
This
Since
This
Savannah, Georgia.—It has rained on tw o days, and the
week. Sept. 1. week. Sept, l.j week. Sept. 1.
remainder of the week has bee a pleasant. The rainfall reached
nineteen hundredths of an inch. The thermometer has Exports (bales)—
ranged from 55 to 83, averaging 70.
To Liverpool............ 1,000 245.000 6,000 221,OOol 4.000 290,000
To Continent............ 1,000 138.000 1,000 150,000 7,000)173,000
Augusta, Georgia.—The early part of the week we had
light rain on two days, but the latter portion has been clear and
Total Europe........ 2,000 383,000 7,000 371,OOo| ll,OOol463,OCO
pleasant.
The rainfall reached forty-nine hundredths of an
* A cantar is 98 lbs.
inch. Corn and small grain want rain. _ Planting is progress
This statement shows that the receipts for the week ending
ing finely. Average thermometer 68, highest 85, lowest 46.
Albany, Georgia.—The days have been warm and the Apr. 20 were 2,000 cantars, and the shipments to all Europe
nights cool during the week, with rain on one day, but insuf 2,000 bales.
Manchester M arket .—Our report received bv cable to-night
ficient in quantity. The rainfall reached twenty-one hun
dredths ot an inch. Planting is about completed in this from Manchester states that the market is easy for both yarns
neighborhood, but on account of the unfavorable weather and shirtings, and that the demand for both India and China
much seed has failed to come up. The thermometer has aver continues poor. W e give the prices for to-day below, and leave
those for previous weeks of this and last year for comparison
aged 70, ranging from 87 to 48.
Charleston, South Carolina.—W e have had rain on three
1866.
1887.
days of the week, the rainfall reaching eighty-six hun
Oott'n
Oott'n
dredths of an inch. The thermometer has ranged from 56 to
8 »4 lbs.
8 k lbs.
32s Cop.
Mid.
Mid. 32s Cop.
85, averaging 67.
Shirtings.
Twist.
Shirtings.
Twist.
lipid s
Upld8
Stateburg, South C arolina.— It has rained on two days of
d.
s. d.
d.
d. s. d.
d.
s. d.
the week, tne rainfall reaching forty-four hundredths of an
d.
d. s. d.
0
inch. Average thermometer 64‘7, highest 81 and lowest 49 5. M ar 18 7 3 l6 — 71»ie 5 9 « 6 101s 538 613l8®771 5 7 * 7 O'a 5
«
2* 7®is —13ie 5 9 « 6 IO1 57.8 6*k «77)8 5 7 ®7 0»a 4i5ift
Columbia, South C arolina.— There have been showers on Apr. 1
7°i8-J715ifc 5 9 « 6 10ia 5^18 6i»ift®7ia 5 7 ®7 0»s 5
two days of the week, the rainfall reaching seventy-five hun
“
8 7&
ib—
715ie 5 9 « 6 10*2 588 6lBi8«78a 5 7 « 7 0»a 51; A
5 9 «6 1 0 »« 3u 16 6»b18 ®7®8 5 7 ®6 9
57,6.
“ 15 7 3 8 — 8
dredths of an inch. The thermometer has averaged 67, the
®7Uift 5 7 ®d 9
57,8
1 15,* 1 9 « 6 10»a 55s 7
7
5
“ 22
highest being 84 and the lowest 47.
E u r o p e a n C o t t o n C o n s u m p t i o n t o A p r i l 1.—W e have
Wilson, N orth C arolina.— W e have had rain an three days
o f the week, the rainfall reaching twenty-three hundredths of rec 9
ived to-day by cable, Mr. Ellison’s cotton figures brought
an inch. Planting is making good progress. The thermome down to April 1. The revised totals for last year have also been
ter has averaged 61, ranging from 38 to 76.
received and are given for comparison. The spinners’ takings
The following statement we have also received by telegraph
in actual bales and pounds have been as follows :
showing the height of the rivers at the points named at 3 o’clock
Feb. 21, 1887, and Feb. 22, 1886.
Continent.
Great Britain.
Total.
Oct. 1 to A p ril 1.
Apr. 21,’87. Apr. 22, '88
New Orleans . . . . . . . ..A bove low-water mark.
Memphis___ . . . . .. ..A bove low-water mark.
Nashville............... ..A bove low-water mark.
Shreveport.......... . ..A bove low-water mark.
V ick-b u rg............. ..A bove low-water mark.
I n d ia
C
o tto n
M
o v e m e n t
f r o m
a l l
Feet. Inch. Feet. Inch.
5
13
1
13
6
35
4
15
6
11
1
9
6
16
6
0
7
41
8
28
f o r t s .— T n e re ce ip ts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Apr. 21
HttOBUTS A.NO SHIPMENTS FOR FOUR VBAK«
\Shipments this week.
Shipments Since Jan. 1.
Tear1Great I Conti- 1 _ , ,
Great
|Rrir».| nent. \Total. B rita in
1337137,000,2 t,Oou|61,OOO
1886 1,000 ¿2,000,33,o00
1885 11,000 21,000 31.000
1834)33,000141.000174.000
156.000
137.000
98,000
283.000
Conti
nent.
365.000
343.000
234.000
351.000
Total.
526.000 85.000
480.000 79.000
332.000 46.000
634,OCO 38.000
1,987,000
446
836,202,000
1,816,000
3,833,000
446
446
824,316,000 1,710.518,000
F o r 1 8 8 5 -6 .
Takings by spinners.. .bales
Average weight of bales. ...
Takings in pounds...............
1,623,000
45 8
743,482,000
1,769,000
3,392,000
453
455-5
801,533,000 1,545,020,000
According to the above, the average weight of the deliveries •
in Great Britain is 446 pounds per bale this season, against 458 •
pounds during the same time last season. The. Continental
Tear.
deliveries average 446 pounds, against 453 pounds last year,
and for the whole of Europe the deliveries average 446 pounds
853.000 per bale, against 455 5 pounds last season. Our dispatch also
770.000 1
5os’ooo I g ives the full movement for this year and last year in bales of.
508.000 i
RfiftloOO I dOO r.nnnHs ftafth.
868.000 1
Receipts.
This
Week.
F o r 1 8 8 6 *7 .
Takings by spinners...bales
Average weight of bales....
Takings in pounds..............
532
•THE CHRONICLE.
i
Oct. 1 to April 1.
Bales o f 400 lbs. each.
000s omitted.
1886-87.
Great
Britain
Conti
nent.
Total.
Spinners’ stock Oct. 1.
55.
Takings to April 1. .. 2.215,
218,
2,061,
273,
88.
4,276, | 1.858,
107,
195,
2,003, 3,861,
S up p ly........................ 2,270,
Oonsumptl’n 26 weeks 1,885,
2,279,
1,742,
4,549,
1,946,
3,627. | 1,747,
2,110, 4,056,
1,664, 3.411,
Spinners’ stock A p l.l.
335,
537,
922,
199,
X L IY .
N b w O r l e a n s —For Liverpool—Apr. 18—Steamer Professor, 4,406
2 72719_Steam er Author, 1,513....A p r. 20—Steamer Capuietl
1885-86.
Great
Britain
(V O L
Conti
nent.
Total.
446,
645,
F or Falm outh—Apr. 21—Steamer Rochdale, 4,680.
F or Havre—Apr. 19—Steamer Havre, 3,233.
F or A n tw erp—Apr. 19 - Steamer Havre, ISO.
F or Barcelona—Apr. 1 8 - B ark Maria. 1,100.
For Genoa—Apr. 16—Steamer Am y Dora, 4.396.
Boston —F or L iv e rp o o l-A p r. 13-Steam er Catalonia, 723
Apr 16—
Steampr Venetian. 1,463.
"
F or H a lifa x -A p r. 16 -Steam er Carroll, 100.
B a lt im o r e —For Liverpool—
Apr. 15—Steamer Oranmore, 936.
P h il a d e l p h i v—For Liverpool—Apr. 19-S team er British King, 1,742.
Cotton freights the past week have been as fo llo w s:
Weekly Consumption,
00s omitted.
In October..............
I n N ovem ber..........
I n D eoem ber.........
In January.............
In February...........
In M arch ...............
72,0
72,0
70,0
74,0
74,0
74.0
«7 ,0
67,0
67,0
67,0
67,0
67,0
139,0
139,0
137,0
141,0
141,0
141,0
57,8
68,0
68,0
70,0
70,0
70,0
64,0
64,0
64,0
64,0
64,0
64,0
121,8
132,0
132,0
131,0
134,0
134,0
The foregoing shows that the weekly consumption in Europe
Is now 141,000 bales of 400 pounds each, against 134,000 bales
of the same weight at the corresponding time last year. The
total spinners’ stocks in Great Britain and on the Continent
have increased 133,000 bales during the month, and are now
277.000 bales in excess of last season.
C ast I ndia Crop .—I n their report, dated Bombay, March
18, Messrs, Gaddum, Bythell & Co. soy :
Satur.
Mon.
Tues.
Wednes. Thurs.
F ri.
Liverpool,steam d. 1
16®5 1ia®B l U ® f\ 4 11 ®6 l ie® B 4 1ie® 5
64
e4
84
6
e4
Do
sail...<f.
——
....
....
*.M
Havre, stea m . . . e.
B
I6
B
ie
B
ia
B
ia
B
ia
B
ia
Do
sa il........o.
••••
....
••••
Bremen, steam ..«.
*0
»8
%
%
%
%
Do
s a il......
.. . .
••M
....
.. . .
••
••
....
Ham burg, steam.e.
1132
n 83
1 S2
1
^32
U32
J132
Do
sa il......
....
....
....
*•••
....
A m s fd ’m, steam c.
40*
40*
40*
40*
40*
40*
Do via Leith d.
Reval, steam___ d. 816®1 6 318®13 4 3I6®1 6
t
34
o
3 4 316®l38i 3i 6 ® 1884 311‘9l3&
Do
sa il........ d
....
....
....
.. . .
....
B arcel ona, steam«?.
13*4
7384
1
3«4
13«4
16
S4
l884
Genoa,steam ...d .
8ia
31
8
318®7 2 s 16®732 3te®732 314®732
3
Trieste, steam...«?.
H
>
4
H
>
4
*4
Antw erp, steam.«?.
78
4
7«4
764
7
64
764
7«i4
T h e leoeipi s o f Oonara here this w eek are v e r y much sm aller than last
w e« k, hr 1 1he de< rease is m ainly attributable to the n a tiv e holidays last
vreek h a vin g cheeked supplies, though it must at the same tim e be
rem em ber« d lh a t ilie bulk o f the crop lias n ow come forw ard , and a
* Per 100 lbs.
ual
crease in receipts henceforw ard m ay be expected. Q uality is
fa l l i n g « ff. b a ld ly any " fully-good ” being obtainable. Supplies in the
p iio l.e r a districts do n ot increase m ateria lly, but there is a slight
L i v e r p o o l .— By cable from Liverpool we have the follow ing
im provem ent in quality. Th e arrivals o f Hroacli continue v e r y small, statement of the week’s sales, stocks, «fee., at that port. W e
-¿„e„
B<l, jbay eo la r Hi’ s season being only 2.0 o bales, against
n
add previous weeks for comparison.
5 9 .0 0 0 bales fo r the same period last year; and It, is difficult to buy u p c o u r try even at the. present high rates. The out turn o f clean ed cotton
as said to be ui precedeu tedly low . and the cu ltivators are therefore still
Apr. 1.
Apr. 7. Apr. I 2 Apr. 22.
».
dissatisfied w ith the prices offered. The q u ality o f w hat has a rrived
M erest» tar is excellen t. Pick in g is progressing steadily in the Tinne- Sales of the w e e k ......... baies
88,000|
56,000
39,000
44,000
v e l l y districts, but our latest ad vices con firm previous estim ates o f the
Of which exporters t< o k ___
15,0001
4,< 00
3.00 •
4,000
cro p , nam ely, only 75.000 bales, against 125.000 bales last season
O f which speculators took ..
12,<i(J0j
8.00
4.000
3,000
T h e r e is no im provem ent to rep ort regard in g the W estern, D harw ar, Sales A m e ric a n .......................
58,0001
36,000
so 000
34,000
« t o ., oi ops, on ly sm all y ield s being looked for.
Actual export..........................1
8.000!
5,000
9 00 )
12,000
F orw
28,0001
16,0»0
15,000
J ute B utts, B agging , «fee.— The market for bagging is not Total ard ed ............................... 959,« )00| 23,000
stock—Estima ed......... .
976,000 98H 000 998.000
•active, though a fair trade is being done. Few large orders
Of which American - Estim’d 777.000| 802,000 810,000 820,000
are being tilled, buyers only taking small lots for present Total import of the w eek........ 119,000
88,00o
63 000
79,«'00
O f which American...............
90,0001
71.000
52.0 O
58,000
-wants. Prices are 6@6^c. for
lb., 6K@63/c. for 12/ lb.. Am ount a flo a t.............. .........
260,000 209,000 2 22 000 213,oo r
7@ <
¿¿c. .for 2 lb. and 7^@7%c. for standard grades. Some
O f which Am erioan..............
171,000 131,000 115 000
84,00
inquiry is reported for jute butts, and sales are being made
-<>n the basis of r70@l%c. for paper grades and 2@2J/c. for
The tone of the Liverpool market for spots and futures eacil
la g g in g qualities.
day of the week ending April 22, and the daily closing prices
o f spot cotton, have been as follows :
Sh ippin g N ew s .—The exports of cotton from the United
States the past week, as per latest m a il returns, have reached
Spot.
Saturday Monday. Tuesday. Wednes. Thursd’y. Friday.
•51,625 bales. So far as tne Southern ports are concerned, these
are the same exports reported by telegraph, and published in
Market, )
Barely
Moderate Moderate
In buyers' Barely
Dull.
the C hronicle last Friday,
with regard to New York we 12:30 p m . J supported demand. demand.
favor.
supported
i iciude the manifests of all vessels cleared up to Thursday. U o l ’d s .......
58s
5«8
fi®8
580
Mid. O rl’ns.
K “
5it|a
511,8
5>«18
5 ‘ lts
- N e w Y o r k —T o L ive rp ool, p er steam ers A ra b ic, 1,199___ A r i ^ ^a ics'
« " iia , 74 — Tritau nic, 1,9 3 2 ... D elam bre, 7 9 3 ... E g y p t.
2 ,2 0 3 .... H a lley , 254................................... .......... .....
6 455
T o H ull, per stean er Santiago, 1 ,9 7 4 ..................... 1*974
T o H a v ie . per steam er L a Norm andie, 1 0 0 ..........I l l ” ” .......
*100
T o Brem en, p e r steam ers E ider, 41 5___ Trave, 150........I I I I I
5 «5
T o H am burg, per steam er R baetia. 2 5 0 ..................
250
T o A m sterdam . p«-r steam er Schiedam, 7 8 .............. . . . I I I I I ”
78
T e A n tw erp , per steam ers Jan B iey d el, 102___ N oordlandl
152........................................................................
254
T o Barcelona, p er steam ers B ritannial 550.. .Chandernacor.
1,300 ...............................................................................
’
1,850
T o Genoa, per steam er Ita lia , 142.” . . I I I I I ” " .. I . ” .”
142
2Je w O r l e a n s —T o Liverp ool, per steam ers Bom bay, 2,s ' s i l l ”
0 "S ia Rican, 2,500— G overnor, 4 524___ Jam aican, 903
Mid. Sales .
Spec. & exp
8,000
1,000
Futures.
Market, )
12:40 p .m . j
Quiet at
partially
1-64 dec.
M arket, r
4 p m .
j
Quiet.
10,000
1.000
8,000
1.000
8,000
1.000
8,000
l.OoO
Steady at ¿toady at Steady at
1-64 ad
partially
partially
vance.
1-64 dec. 1-04 adv.
Weak.
Easy.
Quiet.
Steady.
Very
steady.
Quiet at
2-64 de
cline.
Quiet.
The opening, highest, lowest and closing prices of futures at
Liverpool for each «lay of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
ESP The prices are given in pence and 64ths, thus:
4 03-64«?., and 5 01 means 5 1-61«?.
M at., A p r . 1 6 .
Caithagiiiian, 3,:
To Biemen, per steamer Weser, 850,
To Rotterdam, per steamer P e r», 5........... ..........................
•B o sto i > i o Liverpool, per steamers Iowa, 2,443” "P alestin e.
—
1*386... Beytliia, 379 . . . . ___ ______ . . . . . . __________
To Yarmouth, per steamers Alpha, 2 5 .... Dominion, 26111111
P h i l a d e l p h i a —T o Liverpool, per steamer Lord Gough, 1,568.1
d.
d.
d.
d.
539 5 39 5 39 5 39
4. 208 A p ril..........
1 April-May.. 6 39 5 39 5 39 5 39
’ 51
1,568 May-June . 6 40 5 40 5 40 5 40
The particulars of these shipments, arranged in our usual
form , are as fo llo w s:
-New Y ork.
.M obile......
Charleston.
Galveston .
¿Newport N.
B altim ore.
Boston . . . .
Philadel’ia.
Tota ... 33,527
10011.449 2,532
*w
1.850
142
51
June-July..
Ju ly -A u g...
Au g.-Sept..
Septem ber.
Sept.-Oot...
O ct.-N ov...
5 42
6 44
6 46
6 47
6 40
6 31
541
5 44
5 46
5 47
5 40
5 30
5 42
5 44
5 46
5 47
5 40
5 30
5 42
5 44
5 46
5 47
5 40
5 30
W e d n e s . A p r .2 0 .
Total.
11 .6*8
2v.,b90
1.365
2.195
2,468
2,750
4,462
4,259
1,568
51,625
AO L J Kj I -X. u a i o o IU n u l l ,
Below we add the clearances this week of vessels carrying
■cotton from United States ports, bringing data down to the
"latest dates:
H o n ., A p r . 1 8
4 63 means
T u e s .. A p r . 1 9 .
1
1
Open High Low . Clos. Open High Low. Clos. Open High Low . Clos.
T o t a l.......................................................................................... 51,625
Amsterdam,
Antwerp,
JBrem. and
Liverand St. Pet- BarccYarpooL Havre. Hamb. ersb'g. Iona. Genoa, mo'th.
6,4 55
100
815
332 1, 50
142
13,574
1,365
2,195 IIIIII m i n
- -- -IIIIII 2,468
2.750
3,607 ........
850
5 ....................
4,208
"*51
1,568 .................... ................................
7.000
1.000
d.
5 40
5 40
5 41
5 43
545
5 47
5 48
5 41
5 32
d.
5 40
5 40
5 41
5 43
545
5 47
5 48
5 41
5 32
d.
5 38
5 33
5 39
541
5 43
5 45
5 46
5 39
5 29
d.
538
588
5 39
6 41
d.
0 37
5 87
5 87
5 39
5 41
5 43
5 44
5 38
5 23
543
545
5 46
5 39
5 29
d.
5 37
5 37
5 37
539
5 41
543
5 44
5 38
528
d.
5 33
5 36
5 30
5 33
5 40
5 42
5 43
5 37
527
d.
5 86
5 38
5 33
538
5 40
542
5 43
5 37
527
F r i . , A p r . 22.
T h u r s ., A p r . 2 1 .
.
i
i
Open High ^ ow . Clos. Open High Low . Clos. jOpen 1
L
High Low . Clos.
A p r i l..........
Ap r .-May ..
May-June..
June-July..
July-Aug ..
Aug.-Sept..
Septem ber.
Sept.-Oct...
O c t.-N ov ...
d.
5 36
5 36
5 37
5 89
5 41
5 43
5 44
5 87
528
d.
5 36
536
5 87
5 89
5 41.
5 43
5 44
5 37
5 28
d.
5 36
536
5 37
5 39
5 41
5 43
5 44
5 37
5 24
d.
5 36
5 38
5 37
5 39
5 41
5 43
5 44
5 37
5 28
d.
5 36
536
5 37
5 39
5 41
543
5 44
5 37
5 29
d.
5 37
5 37
538
5 40
5 42
5 44
5 45
538
530
d.
5 36
5 30
5 37
5 39
5 41
5 43
5 44
5 87
529
d.
d.
1 d■ d.
5 37 5 37 5 37 5 37
5 37 5 ;-7 5 87 5 37
5 38 ! 538 538 5 37
5 40 5 40 5 40 5 39
5 42 '5 42 5 -2 5 41
5 44 5 41 5 44 5 43
5 45 5 45 5 45 5 44
5 3b 53
5 3« 5 37
530 5 29 5 2» 5 29
d.
537
537
5 37
539
5 41
5 43
5 44
537
52»
A p r il
THE CHRONICLE.
28, 1887.]
BREADSTUFFS.
F r i d a y , P. M., A p ril 22,1887.
533
The receipts of flour and grain at the seaboard ports for the
week ended April 16, 1887, follow:
Flour,
Wheat,
Com ,
Oats, Barley,
Bye,
The market for flour and meal has been firm, with the
bbls.
bush.
bush.
11bush..
bush.
bush.
New Y ork . . . . . 128.123 348,550
83,362 355,000 68,250 12,150
trade showing a steady and improving tendency. Receivers,
Boston. . . . . . . . . 92,950
26,.82 141,525 200,505
950
however, are disposed to keep stocks small in view of the Montreal ....... 3,165
23,192
2,485
1.000
Philadelphia... 26,150
89.217
80,863
38,396 12,000
approach of warm weather.
B altim ore...... 37,875
115,206 174,146
12.100
2,800
2,790
13,185
The speculation in wheat for future delivery has been fever Richmond___ _
20,126
8,196
New O rleans... 14,526
96,000 146,330
17,134
ish at unsettled values. Accounts from the growing crop
Total w eek ... 305,379 711,432 646,352 633.816 82,200 14,950
have been more favorable, but the heavy purchases for export
Oor. week ’86.. 206,263 252,467 702,525 305,350 46,326
6,520
beginning on Monday morning gave a support to prices
The total receipts at the same ports for the period from Jan.
which the utmost efforts of the Bears could not overcome. It I to April 16, 1887, compare as follows for four years:
now seems probable that an avalanche of wheat will come
*1886
1887.
*1885
*1894.
4,333,282
3,484,456
4,532,883
3,870,757
upon this market in June, but its forward movement to Euro F lo o r,.... ..b b ls.
8.157,090
pean markets is believed to have been well provided for. Wheat . . .. . b a s h . 13,674.287 3,496.393 10,191,110
O O rn ..... . . . . . . . .
18.087,647 33.969.267
38.297,505
16.472,697
Yesterday an early advance was mostly lost, except for May O a t s ..... . . . . . . i .
9,621.714
9,424,240
10,34 4.410
6 5 25,817
1,969,239
B
2,198,903
2,082,764
2,139,363
deliveries, which month appears to have been somewhat R a rle y .. . . . . . . . . .
y e ................ » .
225,846
129.0J3 •
319,700
1,044,412
oversold, in view of a possible delay in canal navigation.
Total g r a in ....
43,578,733 49,217,866
61,235,519
34,339,384
To-day there was a stronger market, but without much
* Include one week extra.
activity, and the best prices of the day were not sustained.
The exports from the several seaboard ports for the week
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
Wed. Thurs.
Tues.
Mon.
F r i sndiag April 16. 1887, are shown in the annexed statement:
Sat.
May delivery......... ...... 9¿%
June delivery.........
July drlivery......... ...... 91%
August delivery—
September delivery, ____ 91%
December dell ery. ...... 95%
...... 100
May, 1888, delivery......... 109
92%
92%
91%
91
91%
94%
99%
92%
91%
91%
90%
9o%
94
98%
92%
92%
91%
91
91%
92%
92%
91%
90%
91%
94%
99%
92%
92%
92%
9 1%
91%
94%
99%
94%
99%
Indian corn has been very dull, in the regular way. Neither
shippers nor the local trade would pay the prices asked, and
speculation was kept within the narrowest limits. Prices
have consequently declined for all grades, and the market to
day was dull, drooping and unsettled, with No. 2 mixed in
elevator nearly nominal at 49@49>^c.; but futures closed
steadier.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
May d e liv e ry ...................
June delivery...................
July delivery....................
August delivery...............
Mon.
lues.
49%
49
50
51
49%
48%
49%
5u%
48%
4->%
49%
50%
Wed. Thurs.
Fri.
48%
4-<J
a
49%
5o%
49
48%
49 %
5u%
4s%
48*%
498g
50%
Oats have also declined sharply, in the absenoe of regular
trade and the loss of speculative confidence, but the close to
day was steadier though quite dull.
DAILY CLOSING PRICES OF NO. 2 OATS.
Bat.
Mon. Tue*.
Wed.
April delivery............... . 35
35
34%
34%
M av d elivery........ .......... 35%
35
35
34%
June d elivery.................. 35%
35%
35
35
Thurs.
34 %
34%
347
s
Fn.
34%
34%
35
Rye has been in some demand for export at better prices.
Barley is closing out at steadier figures. Barley malt is in
good demand and firm.
The following are the closing quotations :
...........9
F in e .
bbl.
S u p e rfin e ..... . . . . . . . .
Spring wheat extras.
Bflnn. olear and stra’t.
Winterabipp’gextras.
Winter X Í & X X X ..
Patents.........
Boathern supers......
Wheat-
Spring,per bash .
Spring No. 2. new
Red winter, No. 2
Red w in te r.......
W hite..................
Corn—West, mixed
West. mix. No. 2.
West, w h ite ......
West, y elio w . . . . .
White 8oathern..
Yellow Southern.
flo ur.
$2 3 0 » $3 10 South’n com. e xtra s. $3 40®$3 90
2 75® 3 30 Sontnern oaKer»’ »un
3 20 ® 3 60
family br d s .. $ bbl 4 00® 4 40
3 80® 4 55 Rye Boar, superflue.. 2 70® 2 90
3 25® 3 70
Fine........................ 2 10 ® 2 25
3 80® 4 65 darn meal—
4 15® 4 9o
Western, & 0 -... . . . . 2 40® 2 70
3 15® 3 30
Brandywine........
2 70® 2 75
GRAIN.
Rye—
85 ® 98
state & Pa., $ bush. 57 %® 60
93 n 94% Oats—M ix e d . . . . . . . . .
37
93*2 * 95
W hite..... ............... 36 8, ® 40
86 ® 98
No. 2 m ixed___ ____ 34%® 35%
90 ® 93
No. 2 wnite . . . . .
% ® 38%
47 ® 50% B arley—C a n a d a ........ 67 < 75
t
48% ® 50
Two-rowed State___ 51 ® 55
>
47 a 52
Slx-rowert Star,«. . 57 ft 60
47 ® 52
Malt—Slate, 6-ro ved. 75 ® 80
52 ® 58
State, 2-row ed.... ' 67 ® 70
48 a 52
Caaailn. . . .j . . . . . . 80 ® 90
Peas—O auada.. . . . . . . . 64 ® 65
The movement of breadstufis to market is indicated in ti e
Statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the comparabve movement for the week ending April 16. 1887, and since
July 24, for each of the last three years:
Beetipn at—
Chicago.......
Milwaukee...
Toledo........
Cleveland...
BL Boula. ...
Flour.
Wheat.
Com.
Oat*.
Barley.
Bye.
Bble\miht Bush.ttO15» Bush.SH lb» Bush.32 lbs B u s h . lbs] Hush.5ft 1
110,388
75.874
5.536
2,801
4.449
16.977
2.220
Duluth........
Tot. wk. *87.
Same wk.’&i.
Same wk.’85.
Since July 24
1836-7.. ...
1385-0.. ...
1884-5..
218,335
193,359]
199,0471
335,636
59,394
13.453
63,486
23,200
98.008
11,700
30,549
1,084.441
18,723
51.266
12,303
7,900
99 405
53,300
484.408
28.450
1,267
11,703
12.000
158,165
120.950
635.426
519,670
680,187
1.328,125
1,313,211
1,240,306
____ 1...... 1
817,033
192,763
795,807
2'i5.ii00l
805,284
291,788
I
97,082
25,500
3.500
23.785
3.050
30.516
8,400
8,038.129 70.404,130 68.302,119
40,839.814 20,047.267
6,243.720 48,871.311 71,860,878
43.448.577 18.0 (8,170
7,489 593 t9,172,303 76,034,671
44.0-0,909 15,540 117
11,099
4,320
703
1,772
5,0u0
Sxports
from —
New York
Boston...
Portland.
N. News.
Ph.llad.el..
S tUim ’ri
Ñ. O rl’ne
Richm’nd
Wheat.
C om .
Bush.
683,918
57,8i 1
76.597
Bush.
100.124
82,492
348, -11
63.568
91,100
p 8,000
301.1 O
476,082
Tot. w ’K 1,321,595 1.019,818
3’me tim »
1886.
1.330,626 1.400.821
Flour.
Bbls.
95,978
15,833
1,975
3.800
3,571
85,534
1,616
Oats.
Bye.
Peas.
Bush.
4,463
Bush.
4,315
5,030
........
Bush.
3,871
29,738
23,071
—
208.307
9,493
129,592
64,470
4,315
56,680
21,679
The destination of cue exports is as below.
We add the
oorresDonding period of last year for comparison.
Flour.
Si(ports
> week
or
to—
1887.
Week,
Apr. 16.
CTa.Klng.
Contin’nt
S.&C.Am
W. Indies
Brit, col’s
>th.o’n’ts
Bbls
146,120
13.769
19,35 i
20,375
8.21 8
480
Total
203.307
Wheat.
1886.
Week,
ipr. 17.
Bbls.
74,458
697
15,603
25,805
12,043
1,135
1887.
Week,
Apr. 16.
Bush.
425,663
895,057
875
C om .
1886.
Week.
Apr. 17.
Bush.
480,064
849,564
' * ” 998
1887.
Week,
Apr. 16.
1886
Week,
Apr. 17.
Bush.
Bush.
720,944 1,111.700
279,513 280,770
10,430
1,680
7,69«
5,535
140
140
1,085
996
129.592 1,321,595 1,330,626 1,019,318 1,400,821
The visitile supply of grain, comprising the stocks m granary
at the principal points of accumulation at lake and seaboard
ports, and in transit bv water, April 16, 1887 :
Wheat,
In store at—
hush
N iw York . . . . . . . 3.787.501
Do afloat........
32.O00
Albany____ _____ _
10,122
B u ffalo............... 1,491,100
Jhloago............ 12.8 «7.797
Do a flo a t......
25 1,718
M ilwaukee.... ... 3,945,6 »8
Do afloat........
Duluth ... . . . . . . 10,422,745
Do afloat___ _
141000
Toledo ... . . . . . . . 2,920,358
Do afloat........
7 i,5O0
J e t r o lt ...... . . . . . 2.114,219
isw e g o .............
83.000
St. Louis.. . . . . . . . . 1,959,527
Jiuoinnati . . .. ...
55,01 >0
Boston ........... .
146.903
T oronto...... ...»
176,647
Montreal ............
459 600
Philadelphia.....
6.7.202
P e o r ia ..... . . . . . . .
9,073
Indianapolis___ _
39.875
Mausas City. . . . . .
193.56 *
Baltimore . ......
447.995
Do a flo a t......
Minneapolis ...... . 7,257.964
8t. P a u l.... ..... .
899.0)0
On Mississippi...
48,500
9-1,200
On Lakes........ .
Ou canal & river.
39,400
Tot. Apr.
Tot. Apr.
Tot. Apr.
Tot. A p r
Tot. Apr.
16. ’87.
9 ’87.
1 7 ,’86.
I s , ’83*
19, ’84.
Corn,
Oats,
bush.
bush.
1,466.179 : ,198,596
1
8,300
16,500
81,100
115,270 14-1,669
9,3 ‘9.131 1,093,609
2,843,372
5,261
345
5,120
219,573
21,203
104.2 74
49,000
3,111.087
13,000
370.823
1 >.875
55.631
889,315
169,807
13.600
192.871
596.977
285,705
50,613.18 3 20 032,093
51.9 4.11-i 20,U0.*i73
45.8 i8.48 3 15,23i ,026
41,432,681 10.28r,l95
¿4,479.<.8o 15,5^0,362
16,377
Bye,
bush
20.895
6.500
36.445
18.6 )2
145.441
Barley,
hush.
37.259
20,700
8,800
1 8,714
90,826
8,830
167,813
14,057
13,550
350.546
28.000
340,311
2 i.003
127.971
51,350
622,707
33,143
4,712
16,800
32,187
13,00.»
1,962
4.249
22,282
9,922
65Ì500
3,105
9.000
15,17218L704
48.489
17,224
228
196
3,010
136,745
4.279.775 3'8,893
792 044
4.i38.791
390.^29
969.763
1,791,863 424, 73 7 ‘>4,258
2,514,285
297 »86 704,269
3,739,927 1,656,037 1,037,282
* Minneapolis and St. Paul not included.
N o t e .—A lso 32,0 j0 bushels corn on Ohio R iver hound eastward.
THE D* V GOODS TRADE
N e w Y o r k , Friday, P . M „ A p ril 22, 1887.
22,894
30,096
23,258
1.7H.129
2.537.802
4.173.2Û4
The dry goods trade has not displayed much animation the
past week, and the market has developed few new features of
noteworthy interest. At first hands the demand by whole*
sale buyers on the spot was light and unimportant, but the
activity of the jobbing trade in the West and South was re
flected in the numerous orders for re-assortments of season-
534
THE CHRONICLE.
able goods which were received from day to day. The dis
tributing trade in the Northern and Eastern States has been
checked to some extent by unseasonably cold weather, which
has militated against the demand for consumption, and job
bers in the near-by States have consequently gauged their
purchases by pressing requirements. The local jobbing trade
was relatively quiet, because of intervals of unfavorable
weather, yet a fair distribution of staple and department
goods was made under the circumstances, and there is a
cheerful feeling in this branch o f the business.
Foreign
goods have ruled quiet' in first hands, and there was more
disposition on the part o f importers to reduce accumulations
through the medium of the auction rooms.
About 150,000
dozen foreign hosiery and gloves were offered at public sale,
and a considerable portion o f the goods found buyers at
fair average prices; but many o f the duplicates remain un
sold. Another sale of 2,000 pieces silk goods o f a popular im
portation was attended with fairly satisfactory results, most
o f the goods having been closed out to fair advantage.
~ D o m e s t i c C o t t o n G o o d s . —The exports of cotton goods
from this port for the week ending April 19 were 2,146 packr
ages, valued at $168,453. Included in these shipments were
1,079 packages to China, 425 to South America, 248 to the
W est Indies, 198 to Central America, 45 to Mexico, 99 to
Europe and 57 to all other countries. The exports since the
opening of the year aggregate 64,996 packages, valued at
$8,683,020. Of this total China has taken 37,724 packages,
valued at $1,742,428. For the corresponding period o f 1886
the exports to all ports reached 61,556 packages and in 1885
were 49,280 packages. There was a fair movement in plain
and colored cottons in execution of back orders, but new busi
ness was restricted in volume, distributers having stocked up
so freely last month that they are well supplied for the pres
ent. Coaree-yarn brown sheetings were in fair demand, and
both Eastern and Southern makes are very firmly held by
agents, but light-weight sheetings are a trifle easier. Bleached
and colored cottons were in moderate request, and such
makes as govern the market remain firm. Cotton flannels are
largely under the control of orders and prices are firm at the
late advance. Print cloths were quiet—aside from “ irregular
counts” in which a fair business was done—and the market
closed easy at 8 ^ c. for 64x64s and 2 13-16c. for 56x60s.
Stocks last Saturday and for the three previous years were as
f
o
l
l
o
w
s
✓
[V O L .
X L IY .
i i commission circles, and light-weight goods were taken
sparingly. Overcoatings were quiet in demand, but there
was a steady movement in these goods on account o f back
orders. Cloakings were in moderate request, and Jersey
cloths and stockinets continued fairly active in agents'
hands. Satinets and Kentucky jeans were lightly dealt in,
but fair-sized shipments were made in execution of former
orders. All-wool and worsted dress goods were distributed in
moderate quantities, and some pretty good orders for fall
makes were placed for later delivery. Flannels and blankets
were in irregular demand and upon the whole sluggish, but
there are indications of a good business in these goods in the
near future, as many shipments are likely to be made t,hi>
season by cheap water routes, in order to obtain low trans
portation rates. Carpets have ruled quiet, but some pretty
good orders were placed for wool hosiery and heavy under
wear.
F o r e i g n D r y G o o d s .—Imported goods other than a com
paratively few specialties were quiet in first hand8, and the
jobbing trade was only o f moderate proportions.
Staple
fabrics are generally steady in price and stocks are in fair
shape. As above noted, large quantities of silk goods,
velvets, hosiery and gloves, etc., were offered through the
auction rooms, and thus placed in the channels of distribution
at fair average prices.
Im p o r t a t io n s o f D r y
G o o d s*
The importations o f dry goods at this port for the week
ending April 21,1887, and since Jan. 1, and the same facts for
the corresponding periods are as follows:
April 16, Ap ril 17, A p ril 18, A p ril 19.
Stock o f P rin t Olotht—
1887.
1886.
1885.
1884.
H eld by Providence manuf’rs. 75,000
75.000
448,000
190,010
F all R iver manufacturera... 138,000
30.000
367,000
l« 6 ,0 t 0
Providence speculators........ 47,000
255,000
324,000
295,000
. Outside speculators (est)...... 43,000
15.000 275,000
75,000
Total stock, (pieces)........... 305,000
375,000 1,414,000
756,000
Prints were mostly quiet in first hands, but ginghams, seer
suckers, “ crinkles,” and other woven wash dress fabrics were
in fair demand and firm in price. W hite goods and scrims
continued to move steadily, and desirable makes are w ell sold
up and firm.
D o m e s t i c W o o l e n G o o d s .—The demand for men’s-wear
woolens was light and disappointing to the m ill agents, oper
ations on the part of the wholesale clothing trade having been
conducted with a degree of caution bordering upon apathy.
Heavy caesimerea, suitings and worsted coatings ruled quiet
|£axm
S fa * r o
E Q U IT A B L E
M o r t g a g e C o m p an y .
C A P IT A L
$6 00 )0 00 /
D E B E N T U R E S
AMD
îfavm JU tu'toiiQcs.
I$ t0 r t0 a 0 je s .
Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts of mort
gages, In t e r e s t 6 p e r c e n t to
7 p e r ce n t, principal and inter
est absolutely guaranteed. Se
curities for guaranty held by the
American Loan & Trust Com
M I N N E A P O L I S . pany, of Boston, Mass.
Send for circulars to
P a id -U p Cap ital,
NEHER & CARPENTER,
$ 2 0 0 ,0 0 0 .
B a n k e rs, T ro y , N . Y .
Authoris’d Capital
$ 2 ,0 0 0 ,0 0 0 .
Eastern Managers for Comnany
NO R TH
W ESTERN
G UARANTY
LO AN CO.,
O F F IC E S I
N ew York, 208 Broadway.
Boston, 28 Court St.
Philadelphia, 112 S.4th St.
Kansas City, 7th& Del.Sts.
REFERENCES i
First Nat. Bk., New York.
Boston Nat. Bk., Boston.
7th Nat. Bk, Philadelphia.
Am. Nat. Bk.,Kansas City
F o r ra te s of Interest and fu ll Inform ation
send fo r pam phlet.
Important Notice.
TO HOLDERS O KANSAS REAL ESTATE
F
M
ORTGAGES:
Send to H O D G E S & K NO X , T O P E K A , K A N S A S ,
fo r Free Pamphlet containing the compiled Daws or
Kansas reUmlug to Real Estate Mortgages.
Eight per cent net to invest
ors. N<> losses. Interest col
lected free of charge to lender.
Sirs., mortgage on improved
farm property In finest agri
cultural districts in Alabama,
worth
Legislative author loan. three times amount of
ity to negotiate loans. Sole Alabam a correspond
ents of several European farm
loan companies.
R . M. N E LS O N .
Individuals or Trustees de
President.
siring to make safe loans,
W . R. N E LS O N ,
address the company for parV .-P . & Gen.Man’ger. |ticulars and references.
R efer by permission to tieo. S. Coe, President, and
Dumont Clarke, Cashier, American Exch itige Na
tional Bank, New Y o rk ; Logan C. Murray, President
United States National Bank, N ew York,
%
year Debenture Bonds,secured by 105 per cent o f first
Mortgage loans held in trust by the M ercantile
T ru st Co., N. Y . Five per cent certificates of
deposit for periods under one year. W rite for full
information and references to the company at 150
N a s sa u St., ft. Y .
G U ARAN TEED F A R M MORTGAGES.
L O A N CO. of
ALABAM A,
Selm a, A la .
8
0
T h e A m erican Investm ent Company, of Em
metsburg, Iowa, with a paid-up capital o f $ 6 0 0 ,»
000, su rp lu s 87 5 ,0 0 0 , offers first Mortgage
Loans drawing seven per cent, both P rln cipalan d
Interest fully G uaran teed . Also 6 per cent 10-
A . I.. O R M S B Y ,
Vice-President and General Manager.
IN V E S T
THROUGH THE
R E L IA B L E
W ESTERN F A R M
SOUND
AND
MORTGAGE CO.,
LA WRENCE, K AN.
F. M. P e r k i n s , P res’t.
L . H . P e r k i n s , Sec.
P a i d U p C a p it a l,
$ 2 5 0 ,0 0 0
The choicest hirst Mortgage Farm Loans, also the
Company’s Ten Year Debentures, based upon Its
aid up capital and assets of over $850,000. 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, N ew York Office 187 Broadway.
0. C. H I N E & SON, Agents.
£
grust Πu a te
mp n s.
(fpomprantcs.
'g x x x s t
m
THE CHR0N1CLEJ
A p r il 23, 1887.]
S t is u E a u c * .
The United States Life
Union Trust Company United States Trust O a
O P X E W YOR K .
_
OF N E W Y O R K ,
Insurance Co.
*
N o . 49 W A L L S T R E E T .
73 Broadway, cor. R ecto r St., N. T.
8 1 ,0 0 0 ,0 0 0
- ........................ f a , 5 0 0 ,o o o
S r S r i Â
as
* A uthorized to act
Rrecntor. Administrator
D EPO SIT O R Y FO R M O N E Y .
Ä
S
â
T
â
r
s
f S
i
S
ï
â
S
i S
"
S
.
a
S
u
S
-
t\ n
riitw
a
Ambrose’c. Kingslahd,
James H . Ogilvie,
S. T. Fairchild.
I- H . Frothingham,
C« V& 0roU
nu t|
James Forsyth,
Charles H . Deland,
A . A . LowO. G. Williams,
RdB aW e tle /’
n n McAloin,
Goo rue B. r'nrhart.
Chauncey M. Depew,
Robert Lenox Kennedy,
E X E C U T IV E
.D B ° :Ä Ä
Edward Schell,
A m asaJ. Parker,
Samuel h . Barger,
Geo. C. Magoun.
CO M M IT T E E :
D.eu.Haysa,g0nn’
A . c‘. Kinl^land.
E D W A R D K IN G , President,
JAM ES M. M C LEA N, First Vice-Pres’t,
JAMES H .O G IL V IE , Second Vice-Pres’t.
A O RO N ALDSON. Secretary.
A. W . K E L L E Y , Assistant Secretary.
Mercantile Trust & Deposit
C O M P A N Y , OF
B A L T IM O R E .
C a p it a l.
«
.. A u t h o r iz e d C a p it a l.
9 5 0 0 ,0 0 0
$£,000,000
Authorized to act as Executor, Administrator,
Guardian, Receiver, or Trustee, and is
A L E G A L D E P O SIT O R Y F O R M O N E Y .
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. A ll Trust Assets kept
separate from those of the Company.
Burglar-proof Safes and Boxes (having chrome
steel doors) to rent at $10 to $100 per annum in their
new and elegant chrome steel F IR E A N D B U R G
L A R -P R O O F V A U L T S , protected by improved
Tims Locks.
.
_
Wills kept in vaults without charge. Bonds and
Stocks, Plate and all Valuables securely kept under
guarantee at moderate charges. Paintings, Statu
ary, Bronzes, etc., kept in fire-proof vaults.
JO H N G IL L ,
W . W . SPENCE,
L . C. F IS C H E R
.President.
Vice-Pres’t.
Treas. & Sec.
W. W .
Spence,
Christian Devries
C.Mort’n Stewart
Robert Garrett,
Chas. D. Fisher,
Geo. P. Thomas,
O. H . Williams,
Andrew Reid,
D IRECTO RS:
Louis McLane,
Robert Lehr,
W . A . Tucker,
Jas. Carey Coale,
Oliver A. Parker,
W . H.Whitridge,
,J. A.Hambleton,
‘Thos. Deford.
John E. Hurst,
Stewart Brown.
W . H . Blackford,
E. A. Jenkins,
Bernard Cahn,
J.Willoox Brown.
Alex. Frank,
John Gill.
The Union Trust Co.,
611 A N D 613 C H E S T N U T
S T R E ET ,
P H IL A D E L P H IA .
Authorized Capital.. . ................................ $1,000,000
Paid-up Capital.......................................... 500.000
Acts as Executor, Administrator, Assignee, etc.
and executes trusts of every description known to
the law.
AU trust assets kept separate fro m those o f the Com
pany.
Burglar-Proof Safes to rent at $5 to $50 per annum
W ills kept in vaults without charge.
Bonds, Stocks and other valuables taken under
guarantee.
Repository for Western Mortgage loans, bearing 6
and 7 per cent interest. Principal and interest guar
anteed.
Money received on deposit at interest.
J AS, LON G , Pres’t. JO H N G. R E A D IN G , V .-P res’t
M A H L O N S. STOKE8, Treasurer & Secretary.
D. R. P A T T E R S O N , Trust Officer.
D IRECTO RS.
James Long,
1 lfred S.Gillett, Joseph Wright,
A
C.P.Tumer, M.D. Wm. S. Price,
John T . Monroe
W . J. Nead,
Thos. R. Patton, J. G. Reading.
W m . H . Lucas,
D .H .Agnew .M .P Jos. I. Keefe,
Rob’t Patterson, Theo. C. Engel, Jacob Nayler,
Thos. G. Hood, Kdw’d L. Perkins William Watson
Samuel Riddle. G l e n R i d d l e , Pa.; Dr. George W
Reily, H a r r i s b u r g . Pa. J. Simpson Africa, H u n t
i n g d o n ; Henry S. Eckert, R e a d i n g ; Edmund 8
Doty, M i f f l i n t o w n ; W . W . H . Davis, D o y l e s
t o w n ; R. e . Monaghan, W e s t Ch e s t e r .
Metropolitan Trust Co.,
\
Mills Building, 35 W all St., N ew York.
® A P I » A I i, $1 »00 0,00 0 .
a *
.egai Depository by order of Stir
P™“ e Court. Recetv- deposits of money on interest,
as fiscal or transfer agent, or trustee for corpora
tions, and accept and execute an j legal trusts from
persons or corporations on as favorable term » ‘ “
Siifin r s i m i l a r O Am nn nioa
•¿her similar companies
THOMAS^ IL L H 0 U 8 E , President.
- —-------- - H
F R E D E R IC D. T A P P E N , V t o ^ e a ld e n t .
WALTER* BliwmVj&cret^;
This company is a legal depository for moneys :
Into court., and is authorized to act as guardian os
trU*IN T E R E S T A L L O W E D O N DEPOSITS,
which may be made at any tim e.an d withdrawn aftei
five days’ notice, and w ill be en titled to Interest foi
the whole tim e they may remain *dth U ie <0™Pa? y
J
Executors, administrators, o r trustees o f estates
and fem ales unaccustomed to the transaction o f busi
ness, as w ell as religious and benevolent institutions
w ill find this company a convenient depository foi
money.
J O H N A . S T E W A R T . President.
1 a W I L L I A M H . M A C Y . Vice-President
*
JA M ES S. C L A R K , Second V ice-Pre*’
■
—
through the Clearing House.
TR UST EES:
n in V r A ' Kent**11,
R eT% m son
’
W m F Russell
? n ' Wood
James N. Platt,
C a p ita l a n d S u rp lu s , - - - $6,000,0®(l
TR U S T E E S :
Dan. H . Arnold, D. Willis James,lRobt.B. Mtnturn,
Thos. Slooomb, John J. Astor,
Geo. H . W arren,
Charles E. Bill, John A . Stewart, George Bliss,
Wilson G. Hunt, S.M.Bucki’gham, William Libbey,
W m . H . Macy,
H. E. Lawrence, John C. Brown,
Clinton Gilbert-, Isaac N. Phelps, Edward Cooper,
Daniel D. Lord, Erastus Corning, W .B ay’rdCutting
Samuel Sloan,
S. B. Chittenden, Chas. S. Smith,
James Low.
John II. Rhoades, Wm.Rookefoiler,
W m . W . Phelps, Anson P. Stokes, Alex. E. Orr.
H E N R Y L. T H O R N E L L , Secretary.
L O U IS G. H A M P T O N . Assistant Secretary.
American Loan & Trust Co,
113 B R O A D W A Y , N E W Y O R K .
C ap ital, F u lly P a id .....................$ 1 ,0 0 0 ,0 0 0
T H IS C O M P A N Y T R A N S A C T S A G E N E R A L
L O A N , T R U S T A N D F I N A N C I A L BU SIN E SS .
Receives Money on Deposit subject to check, and
allows Interest on balances.
A ll Checks pass through the Clearing-house.
M A K E S IN V E S T M E N T S OF M O N E Y .
A C T S AS EX EC UTO R . A D M IN IS T R A T O R ,
G U A R D IA N , T R U S T E E , ETC.
A L SO , A S R E G IS T R A R A N D T R A N S F E R A G E N T .
t a f A n Authorized Depository fo r Court and
County Treasurers’ Fund.
R O W L A N D N. H A Z A R D , President.
G EO R G E S. H A K T . Vice-President.
W I L L I A M D. S N O W , Secretary.
JA M ES S. T H U R S T O N , Treasurer.
D IR E C T O R S :
Ge o rg e h . P o t t s ,
W a l l a c e C. A n d r e w s ,
Jo h n L. M a c a u l a y ,
I r a Da v e n p o r t ,
J a m e s M. V a r n u m ,
W i l l i a m d . Sn o w ,
J o h n I. B l a i r ,
J o h n D. K i m m e y ,
E d w a r d f . B r o w n i n g , F r e d e r ic A . P o t t s ,
R o w l a n d N. h a z a r d , J o h n R oss,
G e o r g e s. h a r t ,
A l e x a n d e r G. B l a c k
w m . B. D in s m o r e ,
F r a n k C. H o l l i n s ,
E l i a s L e w i s , J r .,
T hom as L. W atso n ,
J u le s a l d ig k ,
E l i a s C. B e n e d i c t ,
St e v e n s o n b u r k e ,
W il l ia m P . A n d e r s o n .
THE
Real Estate Trust Co.
N o.
OF P H IL A D E L P H IA ,
1340 C h e s tn u t S t r e e t .
IN
THE
C IT Y
OF N E W
(O R G A N IZ E D
YORK.
I N 1850.)
2S1, 262 & 263 Broadway, New York
G. H . B U R F O R D , President,
0. p . F r a le ig h , Seo’y. A . W h eelw rig ht , Ass’t See
W m . T. St a n d e n , Actuary;
A ll the profits belong to the Policy-holders exclu
sively.
A U Policies Issued by this Company are i n d i s p u t
a b l e after three years.
A U Death Claims paid w ith o ut discount as soon
as satisfactory proofs have been received.
This Company issues all forms o f kisuranoe, in
eluding 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 fuU force
during the grace.
Absolute security, oomblned with the largest liber
ality, assures the popularity and suooess o f this com
pany.
GOOD A G E N T S , desiring to represent the Com
pany, - re invited to address J. S. G A F F N E Y , Super*
in t .r dent of Agencies, at Hom e Office.
THE
E Q U IT A B L E L IF E
ASSURANCE
S O C IE T Y .'
In Surplus (namely the excess
o f accumulated funds over liabili
ties), in P remium I ncome, in the
amount o f A ssurance in F orce, the
Equitable Life Assurance Society ex
ceeds every other life assurance com
pany, and may be regarded as the
largest and strongest organization of
its kind in the world.
Assets, January 1, 1887....... $75,510,472.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. basis... $16,355,875.76
j*
-****3 .f*
**F
w
i
New Assurance in 1886.... $111,540,203.00
Outstanding Assurance.. . . $411,779,098.00
p lifiitiu .
$ 5 0 0 ,0 0 0
C A P IT A L ,
Receives deposits of money payable by check and
allows interest thereon; also receives for safe
keeping securities and other valuables, and
rents safe deposit boxes in burglar-proof
vaults.
Receives Trusts of every description, acting as
executor, administrator, assignee, etc., and
executing surety for the faithful performance
o f any trust or office.
Acts as Agent or Attorney for the sale or manage
ment of real estate, and insures titles to zeal
estate and mortgages.
OFFICERS:
President—F R A N K K . H I P P L E .
Secretary—W I L L I A M R. P H IL L E R .
Treasurer—W I L L I A M F. N O R T H .
Real Estate Officer—T H O M A S B. PROSSER.
D IR ECT O R S:
George Philler,
Frank K , Hippie,
Edward T. Steel,
H enry C. Gibson,'
Charles W . Henry,
Lem uel Coffin,
John F. Betz,
Beauveau Borie,
Thomas Dolan,
W illiam M. Singerly,
1 R. Dale Benson.
John Wanamaker,
S olicitor-G EO R G E J U N K IN .
The Brooklyn Trust Co.,
Cor. of Montague and Clinton Sts.,Brooklyn, N .Y .
This company is authorized by special charter to
act as receiver, trustee, guardian, executor or admin
istrator.
. .
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive re
gistry and transfer books, or make purchase and sale
of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
ttnd this Company a safe and convenient depository
for money, R IP L E Y RO PES, President.
E D M U N D W .CO R L1ES, Vice-Pres’t.
TR USTEES:
E. F. Knowlton, H*y K . Sheldon,
Josiah O. Low,
Alex. M. White, John T . Martin, C .D . Wood,
Fred. Cromwell, Wm . H . Male,
A. A. Low,
John P . Rolfe,
Ripley Ropes,
Alex. McCue,
Abram B.Baylis,
Mlch’l Chauncey. E. W . Corlies.
H.
Wm. B, K eadau.lH. B.Pienrepont,__ W , Maxwell,
.
James R o ss Cu r r a n , Secretary.
F rederick C. Colton. Asst. Seo’y,
COLORADO CENTRAL
Consolidated
Mining
Co.,
48 E X C H A N G E P L A C E .
P a u l L ic h t e n s t e in ,
H . R. B a l t z e r , _
President,
Vice-President,
R. V . MARTINSEN,
W . B. MANTIUS,
Treasurer.
Secretary.
G. W . B a l l , Sup’t.
R u c tio n
p a rte s .
S T O C K S and B O N D S
A t Auction.
The Undersigned hold R E G U L A R A U C T IO N
SA LES, of all classes of
S T O C K S
A N D
B O N D S ,
ON
W EDNESDAYS A N D
SATURDAYS.
A D R IA N H . M Ü L L E R & SON,
NO. 12 P I N E STREET, N E W Y O R K .
(EQUITABLE BUILDING.)
Walsh & Floyd,
S T O C K
B R O K E R S »
No. 26 B R O A D STR EET, N E W Y O R K .
JAMES W . WALSH, JR.,
Me aber N. Y. Stock Exchange.
NlOOLL FLOYD, JR.
THE
Y fil
Canadian and
W
CHRONICLE.
orsirm Batiks and Bankers.
C A N A D IA N .
$12,00 0 ,0 0 0 G o ld .
- $ 6 ,0 00 ,0 0 0 G o ld .
TH E
NEW
TORN
«c
61
A T L A N T I C
(LIM ITED ).
W . J. B U C H A N A N , General Manager.
59
O F F IC E O F T H E
Railway Share Trust Co
C. F. SM ITH E R 8, President.
N o s.
In s u ra n c e .
F O R E IG N .
Bank o f Montreal.
C A P IT A I., - - SURPLUS, - - -
O F F IC E :
W ALL
No. 4
R A N K
R U IL D IN G S
LONDON, ENGLAND.
Mutual Insurance Co.,
STREET,
W A L T E R WATSON • I Agents.
A l k x ’k L a n g ,
Bu y and Sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers’ Credits
available in any part o f the W o rld ; issue drafts on,
and make Collections in, Chicago and throughout the
Dominion of Canada.
L o n d o n Office. N o . 2 2 A b c h u r c h L a n e .
C a p it a l P a i d
U p , £ 9 T 1 ,3 6 0 S te rlin g .
This Company undertakes the business of Trustee
to Loans o f approved Railways, negotiates and
issues Loans on the London Market, acts as Agent for
Railways and other Corporations, either In the mat
ter o f payments o f Interest on Loans, Dividends on
Imperial Bank o f Canada
C A P I T A L (p a i d u p ), - SURPLUS, - - - - - - H . 8. H O W L A N D , Pres’t.
HEAD
$ 1 ,600,000
$500,000
TORONTO.
BRANCHES IN ONTARIO.
Essex Centre.
Niagara Falls. Toronto.
Fergus.
Port Col borne. Toronto, Tonge St.
G alt.
St. Catharines. Welland.
Xngersoll.
St. Thomas.
Woodstock.
BRANCHES IN NORTHWEST.
W innipeg.
Brandon.
Calgary.
Agents In London :
Agents In New York:
Lloyd’s, Barnett’s A Bos- B a n k o f M o n t r e a l ,
anquet’s Bank, limited.
Promptest attention paid to collections payable in
any part o f Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.
Dealers in American Cur’y and Sterling Exchange.
Total Marine Prem ium s...... $5,235,299 99
Cable Address—P A v t , L o n d o n .
Blake, Boissevain & Co.,
LONDON,
EN G LAN D .
N eg otiate Railway, State and Cl'.y loans.
Execute orders for Bonds, Shares, etc., on Com
mission, and transact a general Banking and
Commission Business.
S pecial attention given to the execution of
orders for Securities on the N ew York, Lon
don and Amsterdam Exchanges, in corres
pondence with
BLAKE
M erch ants’ Bank
B R O TH ER S
18 W a l l Street, N e w
&
C O .,
Y o rk ,
28 State Street, B o s t o n , M a s s ,
O F CANADA.
AND
Capital, • • • $5,799,200 Paid Up.
A D O L P I l B O IS S E V A IN & CO.
R e s e r v e ,........................... $1,500,000
I [President. A N D R E W A L L A N , Esq.
Vice-President, R O B E R T A N D E R S O N , Esq.
HEAD
_______A m s t e r d a m , H o ll a n d .
O F F IC E , M O N T R E A L .
G E O R G E H A G U E , General Manager.
W . N. A N D E R S O N , Branch Superintendent.
BANKERS
L O N D O N . EN G.—The Clydesdale Bank (Limited.)
N E W Y O R K —The Bank of New York, N. B. A .
T h e New York Agency buys and sells Sterling Ex
change, Cable Transfers, Issues credits available in
all parts of the w orld; makes collections In Canada
ana elsewhere and Issues drafts payable at any of
the offices of the bank In Canada. Every descrip
tion of foreign banking business undertaken.
N e w Y o r k A g e n c y , N o . 61 W a l l Street.
HENRY HAGUE,
1 Agents
JO H N B. H A R R IS , JR.. )
A G E N C Y
B
OF
a n
THE
k
OF
B ritish N orth A merica,
N o . 52 W A L L S T R E E T .
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
■.inn on Canada, British Columbia and San Francisoo.
C I R C U L A R N O T E S Issued In Pounds Sterling
available In all parts of the world. C O M M E R
C I A L C R E D I T S IS S U E D for use In Europe,
China, Japan, East and W est indies and the Brazils,
Diver Plate, Ac.
Bills oollected and other banking business trans-
u tr*
_
D . A . M c T A V IS H , 1
H . ST1K EM AN,
J A * enw *
F O R E IG N .
THE
Anglo-Californian Bank
(LIMITED).
L O N D O N , H ead Office, 3 Angel Court.
S A N F R A N C I S C O Office, 422 California8t.
N E W Y O R K . Correspondents,
J. & W. Seligman & Go.
B O S T O N Correspond’ts, Massachusetts N. Bk.
A u t h o r iz e d C a p ita l, - - - $ 6 ,000,000
P a l d - u p C a p ita l, - - - - 1 ,5 00,000
R e s e rv e F u n d , - - - - - 40 0,00 0
Transact a general hanking business. Issue Com
credits and Bills of Exchange, available in all
M rte of the world. Collections and orders for Bonds.
Stocks, etc., executed upon the most favorable terms
FRED’K F. LOW,
IGNATZ 8TEINHART, ¡ “ “ « « S '
p , N. L1LENTHAL, Cashier.
m e r c ia l
N E W Y O R K , January 24,1887.
The Trustees, in conformity to the Charter of
the Company, submit the following Statement
of its affairs on the 31st December, 1886:
Premiums on Marine Risks from
1st January, 1886, to 31st
December, 1886..................... $3,809,250 53
Premiums on Policies not marked
off 1st January, 1886.............. 1,426,049 46
or Registration of Stocks In London, or otherwise.
D. R. W I L K I E , Cashier.
O F F IC E ,
(T o u X II Y j
Heinemann & Co.,
62 Gresham House, E. C.,
LONDON.
Solicit accounts and agencies o f Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders for the pur
chase and sale of Bonds, Shares, Ac., Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to 60-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to
demand drafts.
Negotiate Railway, State and City Loans.
Bank of Australasia,
Premiums marked off from 1st
January, 1886, to 31st Decem
ber, 1886..................................$3,817,699 86
Losses paid daring the same
p e r i o d . . . . . . . . . . . . . . . . . . . . . . . . . . $2,206,588 68
Returns of Premiums and E x
p e n s e s .....................
$841,378 15
The Company has the following Assets, viz.:
United States and State of N ew
York Stock, City, Bank and
other Stocks........... .
$9,382,375 00
Loans secured by Stocks and
otherwise.......................................
707,10000
Real Estate and Claims due the
Company, estimated a t . . . . . . . .
501,647 31
Premium Notes and Bills Re
1,568,13a 20
c e iv a b le ........ ..............
Cash in Bank....................................
285,25468
Am ount...................................... $12,444,51169
S IX P E R C E N T IN T E R E ST on the outstand
ing certificates of profits w ill be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 1st of February next
T H E O U T S T A N D IN G C E R T IFIC A T E S Of
the issue of 1882 w ill be redeemed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, the 1st of February
next, from which date all interest thereon will
cease. The certificates to be produced at the
time of payment and canceled.
A D IV ID E N D O F F O R T Y P E R C E N T is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1886, for which certificates w ill be issued on
and after Tuesday, the 3d of M ay next.
By order of the Board,
J . H . C H A P M A N , S ec re tary.
(Incorporated by Royal Charter, 1835.)
4 T b r e a d n e e d l e S t., L o n d o n , E n g l a n d
Paid-up Capital, - - - - - - £1,600,000
Reserve Fund, - - - - - - £700,000
Letters of Credit and Drafts Issued on any of the
numerous branches of the Bank throughout Aus
tralia and New Zealand.
Bills negotiated or sent for collection.
Telegraphic transfers made.
Deposits received in London at Interest for fixed
periods, or for transfer to the colonies on terms
wbich may be ascertained on application.
P R ID K A U X S E L B Y . Secretary.
Hong Kong & Shanghai
R A N K IN G
C O R P O R A T IO N .
Paid-up Capital........................................... $7,500,000
Reserve Fund..........................
4.500,000
Reserve Liability of Proprietors............. 7.500,000
The Corporation grant Drafts, issue Letters of
Creuit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon. Manila, Hong Kong, Foochow, Amoy,
Ntngpo, Shanghai, Hankow, Yokohama, Hiogo, San
Francisco and London.
A . M . T O W N S E N D , Agent, 4 9 W illia m St,
JOSEPH Gl LLOTTS
W STEEL PENS
T R U S T E E S )
J. D. Jones,
W. H . H . Moore,
A. A. Raven,
James Low,
Win. Sturgis,
Benjamin H. Field,
Joslah O. Low,
Edmund W. Corlies,
Robert B. Minturn,
William Degroot,
Horace Gray,
William E. Dodge,
William H. Macy,
0. A. Hand,
lohn D. Hewlett,
William H. Webb,
Oharles P . Burdett,
Henry E. H aw ley
Adolph Lemoyne,
William D. Morgan,
Charles H . Marshall,
Frederick H. Cossltt,
W illiam Bryoe,
John Elliott,
James G. De Forest,
Charles D. Leverioh,
John L. Rlker,
N. Denton Smith,
George Bliss,
Isaac Bell,
Edw ard Floyd-Jones,
Anson W. Hard,
Thomas Maitland,
John Edgar Johnson,
Ira Bursley,
James A. Hewlett,
George H. Maoy.
JOHN D. JONES, President.
W. H . H . MOORE, Vice-President,
feöttJ M IDAL PARIS E X P O S IT IO N - 1 8 7 8 .
T H E MOST PERFECT OF PENS
A. A. RAVEN, 2d Vice-Pi.es L
fH E
A p r i l 28, U 8 7 .J
M in a u d a i C o m p a n ie s .
fÿUscjelIatiecws.
NO
OTH ER
B U S IN E S S .
COMMISSION
f l W A L L S T ., N E W Y O R K ,
T h e
M ERCHANTS,
TH E
HAXALL
or
CRENSHAW
CO.,
O R IE N T GUANO M ANUFACT’G C0„
NO. I l l
L . I.
MINES COMPANY
OF
V IR G IN IA .
Blah Grade Pyrites free from Arsenic.
F ID E L IT Y
Brinckerhoff, Turner
& Co.,
C O T T O N S A IL D U C K
BONDS OF S U R E T Y S H IP
from this Company at moderate charges.
The bonds of this Company are accepted by the
courts o f the various States
And all kinds of
COTTON C A N Y A 8, F E L T IN G
D U C K , OAJ
COVERING, B A G G IN G , R A V E N S D U C K , B A IL
T W IN R 8, AC., “O N T A R IO ” 8K A M L R 88
BAGS. “ A W N IN G ST R IPES.
CASUALTY
Also, Agents
U N I T E D S T A T E S B U N T I N G CO.
A full supply, all Widths and Colors, always lr stock
N o . 109 D u a n e Street.
BAGGING.
P u re J ute B a g g in g .
C O TTO N
COTTON
HERRING
&
B U IL D IN G ,
New York,’
Sp e c i a l a t t e n t i o n G i v e n t o t h e E x e c u t i o n
OF O R D E R S FOB F U T U R E
CONTRACTS.
Robert Tannahill & Co.,
Cotton Commission Merchants,
C o tto n E x c h a n g e ]B u lld lu K , N e w Y o r k .
Special attention given to the purchase and sale of
F U T U R E CONTRACTS
In New York and Liverpool.
G.
Schroeder &
CO.
Co.,
M ERCHANTS,
NEW
YORK.
Orders for future delivery of Cotton executed la
New York and Liverpool : also for Grain and Pro
visions la New York and Chicago.
T IE S .
Bliss, F a b y a n & Co.,
J. C. Graham & Co.,
New York, Boston, Philadelphia,
19
S E LL IN G A G E N T S FOR L E A D IN G B R A N D S
S o u th W i l l i a m
St. dc 51 S ton e S t .,
NEW YORK.
B R O W N & B L E A C H E D S H IR T IN G S
A N D 8 H E E T IN G 8 ,
P R IN T S . D E N IM S. TICKS, D UC KS, AC.
T o w e Ie ,Q u llt s , W h it e G o o d e Ac H o s ie r y
*
EXCHANGE
Cotton Exchange Building,
IMPORTERS OP
IR O N
Mohr, Hanemann& Co.,
C O M M IS S IO N
S T . L O U I S , Rio.
M a n u f a c t u r e r s ol
and e*ro»
visions 1 N ew York and Chicago.____________ _
e
Successor, to W ARE A SCHROEDER.
gau lt Uuults.
G R A T 7,
Orders for future delivery of Cotton executed a
DEPARTM ENT.
Policies Issued against aooidents causing death o>
totally disabling Injuries.
Full Inform ation as to details, rates, Ac., can b«
nht.ainoft at heart office, or o f Comnanv’s A gent«.
W m . M. R i c h a r d s ,P re-t. G e o . F. SE W A R D .V -Prest.
J o h n M C r a n e , seo.
R o b t .J. H i l l a s , Asst.Seo.
D IR ECT O R S:
Geo. S. Coe,
A B. null,
Alex. v ltchell,
J S. T. Siranahan, H . A. Hurlbut, A . S. Barnes,
Alex. E. <>rr,
J. D. Vermilye, f.G.McCullough,
G. G. Williams,
Joi.n L Hiker, Thos. S. Moore,
Geo. F. Seward,
W m . M. Richards.
Y O IK.
New York and Liverpool; also for Gtal
& C A S U A L T Y CO.
Nos. 814 A 916 B R O A D W A Y , N E W Y O R K .
Cash Capital, (850,000, Invested In U. S. Gov’t Bonds
(800,000 deposited with the N. Y. Ins. Dep’t, for
the protection o f Policy-holders.
Assets, January 1st, 1887, 9678,105.
Officials of Banks, Railroads and express Compa
ales, Managers.Secretartes.and Clerks of Publlo Com
panies, Institutions and Commercial firms, can obtain
Manufacturers and Dealers in
W A R R E N , JO N E S A
BROADW AY.
D. J. T O M PK INS. Secretary.
N e w Y o r k D ir e c t o r s —Joseph W . Drexel, A . L.
Sopklns, H . Victor Newoomo, John Paton, Daniel
Torrance. Edw. F. Winslow, Erastns Wlman, F. P.
Olcott and J. B. Pulsford.
Standard Superphosphates.
SULPHUR
No. 123 P E A R L ST., N E W
Deposit with Insurance Departm ent........... 840,00c
President:
Vtoe-President:
SIR ALEX. T. GALT,
HON. JAS. FRRRIEB.
Managing Director: E d w a r d Ra w l i n g s .
N E W VORK O F F IC E :
Standard Brands of Flour ior Shipment to W a r e
Clim
ates always on hand.
Mb l'C H A N TS ,
C o .
Cash Capital.................................................. *«3o O X
C
R IC H M O N D , V A .
O R IE N T ,
G u a r a n t e e
OF NORTH AM ERICA,
Members o f the Cotton, Coffee and Produce Exch'r.
agency
Gwathmey & Bloss,
Bonds of* Suretyship.
Crenshaw & Wisner,
COMMISSION
ix
C H R O N IC L E
COTTON.
BUYERS FOR AMERICAN MILLS.
Drill», Sfitelmys, de, for Export Trade.
S elm a, M o n t g o m e r y a n d N e w
J o h n .l . B u l l a r d .
E S T A B L IS H E D 1855.
E u g e n e
S T A T IO N E R
R .
AND
Bullard & Wheeler,
C o l e s
COTTON COMMISSION M ER CH AN TS
P R IN T E R .
NEW
Supplies Banks, Bankers, Stock Brokers and Corpo
rations with complete outfits of Acoount Books and
Stationery
I T " New concerns organising will hare their order,
promptly executed.
No. 1 W I L L I A M
S TR E ET,
The Largest Safe Works in the World.
T H E OLDEST I N A M E R IC A .
a
251
jftjeamsftips.
AND
252 B R O A D W A Y ,
SECURE B A N K VAULTS.
Direct Line to France.
S p ec ial T r a i n f r o m " H a v r e to
L O U I S D E B E D I A N , A g e n t,
No
S ,Je wiing Green.
r
W a te r
S treet,
L IV E R P O O L ,
Receive consignments of Cotton and other Produoe.
and execute orders at the Exchanges In Liverpool.
Represented in New York at the office of
SAM’L D. BABCOCK,
_____________
88 Nassau Street. New York.
Dennis Perkins & Co.,
COTTON BROKERS,
125 P e a r l Street, N e w Y o r k *
W ELDED CHROME S TE E L AND IRON
In Round and Flat Bars, and 5 ply Plates and Angle
FOB
SAFES, V A U L T S , Ac.
Cannot be Sawed, Cnt or Drilled, and practically
Burglar-Proof.
CHROM E
Circu lars F ree.
STEEL
Orders for Spot Cotton and Futaies promptly
executed
W
alter
COTTON
53 B E A V E R
W ORKS,
& F atman,
BROKERS,
STREET, N E W YORK*
F. Hoffmann,
B R O O K LYN* N. Y.
P a r i»
Generale Transatlantlque delivei
at its office in New York special train tiniT«,.
Purls. Baggage checked throngb to Par
without examination at Havre, provided nasaen™
have the same delivered at the Compan ?-, r t „ T
New York, Pier 4 North River
• t least two hour before the dfjpartoreo
T IE S ,
COMMISSION MERCHANTS.
B etw een N E W
Travelers b? tins ime avoid botn transit or ttnuiis
K m A a t ! <U800mf0rU of mossing th e C h & n ,
P r ic e o f P a s s a g e (including wine):—To HavreF lm .S2bl.
n’
ancl <a° : *®oond cabin, 980; steei
bedding and utensils. Pi
t w
U h reducedrates. Checks on Banq '
u
Trarsrtlantique, Havre and Paris.in amount ttosnl
IR O N
B. F. B A B C O C K & C O .
GENERAL TR A N S A TLA N TIC CO.
Y O R K and H A V R E
From Pier (new) 48, North River, foot o f Morton 6t
L A BOU RG OG NE. Franguel...8at., A pril 23 5 a ft
J ° u^eiln .. 8at., A p r.30.10 A .i
L A QASCOfjNK, Sautelii........... 8at., May 7, 5 A A
AND
(FOR B A L IN G COTTON).
Advances made on Cotton Consignments and Speda
Attention given to purchase and sale of FUTU R E
CONTRACTS OF COTTON.
IV
NEW YORK.
O N L Y
YORK.
ALSO
B A G G IN G
(H A N O V E R S Q U A R E )
d#SSN
Y o rk *
H e n r y H. W heeler.
COTTON BROKER A N D AG E N T,
Alexander & Cargill,
COTTON BROKERS,
A U G U S TA , G E O R G IA .
Entire attention given to purchase of C O T T O f
TO O R D E R for S P IN N E R S and E X P O R T E R S .
Correspondence Solicited .
38 R U E
JOHN
DE LA BOURSE, H A V R E .
H.
C L IS B Y &
CO.,
COTTON BUYERS,
M ONTGOM ERY,
ALA.
P u r c h a s e o n l y o n O b d b h s F o b a Co m uiasinsr.
THF CB KON IH E.
X
f A p r il 23. 1887,
l^tisccUaneous.
Cotton.
C o tto n .
Walter T. Batch.
Nath’l W. T. Hatch.
W oodward & Stillman,
W . T . Hatch & Sons*
M ERCHANTS,
P o st B u ildin g, 16 & 18 Exchange Place
NEW
Henry P. Hatch.
Arthur M. Hatch,
I N M A N , S W A N N & Co
YORK.
BANKERS,
14 NASSAU STREET, NEW
YORK.
R„ . v ™ n n r m f I 3 8 Church S treet, N . Y .,
C hapel St., N e w H a v e s
Branch Offices j ^
CO TTO N
L O A N S M A D E ON A C C E P T A B L E S E C U R IT IE S.
M ERCH ANTS,
S r ic i a I. A ttention to orderb » ob Contracts
BOB FUTUBE D l U T I B Y O'i COTTON.
New
COTTON , A L L G R A D E S , S U IT A B L E TO W A N T S
Y ork .
Personal attention given at the E X C H A N G E S to
the purchase and sale o f STOCKS and B O N D S for
cash or on margin.
D B P O 8IT S R E C E IV E D —subject to check at sight
—with interest upon balances.
Special attention paid to IN V E S T M E N T S and
accounts o f C O U N T R Y B A N K E R S .
OF S P IN N E R S ,
Bethlehem Iron Comp’y
Of f e r e d on T e r m s to Sp i t ._________
Williams, Black & Co., Hubbard, Price & Co.,
Cotton Exchange, Mew Y ork ,
B A N K E R 8 A N D COM M ISSION M ER C H AN TS,
1 W IL L IA M
NEW
STOCKS, P E T R O L E U M ,
EXECUTED
IN
N EW TO R E , CHICAGO, NEW OR
LEANS, ST. LOUIS, LIV E R PO O L,
H A V R E , Ac.
s te r n
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 domestic mar
kets. Orders for Future Contracts executed in New
York and Liverpool.
Geo. H . M cFadden& Bro.
COTTON
Montgomery, Aia.
C otton
F actors
AND
M ERCHANTS,
L iverpo o l Correspondents ,
F R E D E R IC
8 S ou tli W i lli a m St., N e w Y o r k .
C O T T O N
A
CO.
NO. 116 C H E ST N U T STREET,
P H IL A D E L P H IA .
NO. 49 M A IN STREET,
NO R FO LK , VA.
N e w 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
Sons and A . Stern A Co.; In London, Messrs. B.
Newgass A Co.
E X E C U T E OR D ER S F O R F U T U R E D E L IV E R Y
S P IN N E R S
ORDERS
CO M M ISSIO N
M ERCHANTS,
O O T T O N E X C H A N G E . N E W Y O R K , and
NO R FO LK . VA.
C O T T O N , G R A I N . P R O V IS IO N S ,
Stocka and Petroleum .
Orders executed in New York, Chicago and L iv
erpool. A ll grades of cotton suitable to spinners’
w .n ts offered on favorable terms.
Geo. Copeland & Co.,
COTTON
134 P E A R L
STREET, N EW YORK.
G R A IN AMD P R O V IS IO N S
at the N E W Y O R K P R O D U C E E X C H A N G E and
the CH IC A G O B O A R D O F T R A D E .
Co r r e s p o n d e n t s :
Messrs. Smith, Edwards A Co., Cotton Brokers,
Liverpool.
ja s. Lea McLean. New Orleans.
M A R IN E .
N e w Y o rk
Office, 75
*360,000 00
710,900 OO
262,643 20
370,006 09
$1,719,209 29'
B e a v e r Street,
J . B A Y M O N D S M I T H , A gen t.
m a b 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 W A LL STREET. NEW YORK.
ASSKTS:
United States Securities......................... $177,330 00'
Bank Stocks of New York City Banks.... 111,036 00City and other Stocks and Bonds. Loans
and Cash in Banks................................ 839,403 43
Premium Notes, Cash Premiums, Re-in
surance and other Claims ....................
65,220 7A
Total Assets January 1,1837 ........... $693.489 IS
W . I R V IN G COMKS, President.
H e n r v D. K i n o , Sec. W a i n w r i u h t H a k d i e ,V .P .
Iis~ This Company issues Certificates of insurance,
losses payable In LO N DON, at its Bankers, Messrs.
B K O W f*. S H IP L E Y & CO.
Phenix Insurance Co.
BR O K E R S,
C O F F E E
the N E W Y O R K CO F F E E E X C H A N G E , and
AND
C A P I T A L STO CK .................................
Outstanding Scrip.................................
Reset v e to reinsure Outstanding Risks
nnd all other Liabilities.......................
Surplus over C apital and Scrip...............
S O L IC IT E D .
Rountree & Co.,
at the N E W Y O R K , L IV E R P O O L A N D N E W OR
L E A N S COTTON E X C H A N G E S . Also orders for
at
OF P H IL A D E P H 1 A .
F IR E
Cotton Commission Merchants,
U p t o w n office , no . 204 cbobch Street ,
MERCHANTS,
Delaware Mutual
Safety I nsur ance Co.
T O T A L A SSE T S.......................
M E M B E R S O F T E E COTTON. C O F F E E A N D
F R O D V V E EXCHANGES.
Henry Hentz & Co.,
E E R E flA
Edward H.Coates & Co.,
No. 40 E X C H A N G E P L A C E .
COMMISSION
(IN C O R P O R A T E D 1868.)
MERCHANTS,
P H IL A D E L P H IA .
L E H M A N BROS.,
C O M M IS S IO N
¡| n s ttu * u c je .
NORFOLK, YA.
Cotton Brokers & Commission Merchants
L eh m an , duk r & Co.,
& Co.,
N ew Orleans..La.
L eh m an ,
N ew Y o rk .
Price, Reid & Co.,
YORK.
C O T T O N , C H A IN ,
P R O V IS IO N S , C O F F E E ,
O R DERS
AN '>
STREET,
40 and 42 Wall Street,
M a n h a tta n B a t id la s ,
FELLOWES, JOHNSON & TILESTON,
C O T T O N , S T O C K S , B O N D S , A c .,
86 W I L L I A M S T R E E T , N E W Y O R K .
Outers in “ Futures" executed at N Y. Potion Exob
The Safe Deposit Co. of New York.
OF B R O O K LYN ,
Office, 195 Broadway, New York C it j.
Statement of Company 1at Day o f Jan., 1887.
C A S H C A P I T A L ....................
Reserve for unearned premiums .......
Reserve for unpaid losses...............
Net surplus....... ......................
$1,000,000
8,466,886
859,197
657,086
00
97
93
IS
Cash assets...................................... $6,383,171 68
STEPH EN
C R O W E L L , P re s id e n t.
W M . R. C R O W E L L , Vice-President.
P H I L A N D E R S H A W , Secretary.
GEO. H . FI8K K , Assistant Secretary.
F R A N C IS P . B U R K E . Sec’y Local Dep U
Æ TNA
T H E F IR S T E S T A B L IS H E D I N T H E W O R L D .
Insurance C o m p a n y
O F F E R S IIN E Q IJ A L L E P S E C U R IT Y .
OF
R E N T S SAFES IN IT S B IJ B G L A R -P R O O F V A U L T S .
RECEIVES SILVERWARE ON DEPOSIT.
HARTFORD.
Capital.....................................
Liabilities for unpaid losses
and re-insuranoe fu n d .......
Net S u r p l u s . . . . . . . . . . . . . . . . . . . .
$4,000,000 OO
2,118,618 Ilk
3,450,221 37
A sseta J a u . 1, 1 8 8 7 .... $9,5 68 ,8 3 9 56
TH E
OFFICES
HAVE
BEEN
NEWLY
FURNISHED
WITH
No. 68 W a ll Street, N e w Y o rk »
J A 8 . A . A L E X A N D E R , A gen t.
EVERY
IM PR O V E M E N T
AND
S E C U R IT Y .
^
140, 142 and 146 Broadway.
V B A N C I S n . JHBNCKS,
P r e s id e n t .
G E O B G E H . VO SE.
S ecretary.
o m m j i
R
A
s s u r a n c e
u a l
C o ., l
U
i m
n
i or
i t s
OF LONDON
Office, Cor. Pine <t William St»., New Tort.
@FedFRASER