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4
:
.
xmm
W
AND
HUNT'S MERCHANTS' MAGAZINE,
KEPRESBNTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
[Entered aooording to Act of Congress, In the year 1891, by
VOL.
Wm.
B.
Dana
St
Co., la the olflce of the Librarian of Congreaii, Wa«hini;ton, D. O.]
SATURDAY. APRIL
52.
25,
189L
NO.
1.348.
Instituting comparison with the corresponding ^eek a year
ago. we find that there is a decrease at New York of 2'3 per
cent, and that the total for all other cities records a loss of 1 -8
percent. The Middle Western section recordsanexcessoverlaat
Terms of Subscription— Payable in Adrance:
year of 5}^ per cent, all the cities represented sharing in it, and
$10 20
For One Yflar (Including postage)
the Pacific and Southern sections also show gains over 1890. In
do.
6 10
For Six Months
European Subscription (tuoUiding postage)
percentage of increase Galveston leads this week with 181 '2
\X ^^
European Subsoribtlon Six Months (Including postage).
6 75
per cent, followed by Des Moines, il-1 Norfolk, 33'5 Sioux
£2 8s.
Annual Subucription in London (Including postage)
City, 2C-6, and Salt Lake City, 25'7 per cent. The most
do.
do,
£1 9s.
do.
Biz Mos.
These prices include the Investors' Supplemknt, of 150 pages, important losses so far as ratio is concerned are at Wichita,
Birmingham, 29-8 Dallas, 87-1 ; Fort Worth,
issued once in two months, and furnished without extra charge to 32-7 per cent
Dibscrlbers of tlie Chronicle.
25*2, and Omaha, 23-4 per cent.
A Hie cover is furnished at 50 cents; postage on the same is 18
eeuts. Volumes bound for subscribers at $1 00.
Week EnMnt AprU 18.
Wuk KnVt 4j>r. 11
;
;
;
;
Terms of AdTcrtising.
Advertisements ordered for less than one month. In the Comherciai.
A FmANCiAL Chkonicle, are published at 25 cents per line each insertion. When orders are definitely given for one month or longer, a libNew York
eral discount is allowe.l, and the net prices maybe obtained on uppllcji- Hat—
of—
Uon at the otflce. The lowest rates on permanent cards definitely or- (SUOu
insertion,
making
for
$58
dere<l for one year are 8 cents per line each
(OaUm
(eratn
one inch space one year. Space is measured in agate type— 14 lines to
(Pttrobum
the inch.
I.ondon Asents
Hessrs. Edwards & Smith, 1 Drapers' Gardens, E. C.,wlll take suberiptions and advertisements and supply single copies of the paper at
1*. each.
WILLIAM B. DANA.
JOHK O. FLOTO.
(UriLLIAIH B.
DANA
&.
Publisher*.
Co..
'^
'•J
102 AVIIlIam Street, NEW
Post Office Box 958
YORK.
1891.
676,820,954
iharM.
(1,278,691)
692,064,59e
(969,451
baUa
(497,01 Kl
bmheU
(74,236.1175) (103,4U».'>5«
bUt.
Uoston
I'roTldenoe
II'U^(ord
-2-3
|t32.0uu)
(4,13U,UUU
-28-a
(-94 4)
97,957,884
a.OiW.OUU
10«,874,0'f.
—61
5,12»<,7U(
-(-181
1,»|U,024
1.2t»,8»a
1.2ST.B25
l,-^H3,M3l
1.173.41):
i.2ai.9ii
-i-U-7
1,;s18.bH4
1,07Z,6U
-1-13-6
I,owel)
8U1.078
7116,851
-t-05
New Bedford
4ei.ilUl
447,4)(t
-(-1-6
—4-2
109,571,165
Tii
61.399.182
—14-»
13.t<04,Ui>l
-13-4
12.674,3»l
6,800,909
1,740.911
834,939
+6-8
-16-8
V2».li!e
856,32.)
+u-»
1,481.657
1.646361
New Haren
Sprindtleld
Woroestar
Portland
New
+6 2
4-5-1
117,227,45;
74.284,481
-9-1
The following table, made up by telegraph, etc., indicates Plttsbaru
Baltimore
bank clearings of all the clearing houses of the Butralo
Waatatngton
United States for the week ending to-day, April 25, have WUmlngton,
14.«38.97i*
16.75«,4>lfi
—108
td,9il.U7u
e,»;l.03'
14,77«,1'4V
-51!
-f 8 1
-14-9
-6-9
Total
Kngland..
that the total
$1,126,428,769 last
(1,153,302,125 the corresponding
week
week and
last year.
Del.
a/raouse
Rochester'
Total Middle.
Week Ending April
Sew York
-80
98,010,718
-K-l
-fSO
e,«»2.7!-2
5,687#1'
+ 19-B
74.264,990
12,249,250
4,483,^38
4,958,384
S,4»3.700
4.740,634
2,0'<3.447
l,77S.>t70
•H*
+ITU
78^,144
1,730,54«
1,515,790
. 749,66;
Bocton
miadelphla
Baltimore
119,630,134
113,391,390
OUmso
tkliOQU
Haw Orleani
19,046.587
1,878.»W0
1,740.219
18,346,783
Seven
days
6 days
cltlea, 5
Other cities,
Total all olUes, 6 days..
All oltle*, 1 day
-31 Columbas
W6l,060,97'^
30,878,618
63,»02,320
10,490,946
70,962,000
17,044,389
8,042,561
1579,213,921
85,173,534
63,762,156
11.050,367
64,700,000
16,905,804
'
7,112,268
t801,931,803
131,914,911
$827,918,050
121,416,311
-3-1
(933,896,716
211,013,»33
»949,334,3ei
-Id
203,9t<7,764
+3-6
KanaaaClty..
«1, 144,910,239
tl,163,302,125
-0-7
St.
-50
Indtanapolla....
Peoria
-161 Grand Rapids...
-5 1
Total Middle Weiten
+9-7
+0S
+131
T-8-6
San Frandsoo..
Portland
Salt
lAkeClty.
Tacoma
Lo* Angeles
...
Total Paolflo..
The
full details of clearings for
the
week covered by
Paul
Omaha
the
Denver
Dulath
above statement will be given next Saturday. We cannot, of St. Joaepb...,
SloazCltT....
course, furnish them to-day, bank clearings being made up by Des Molnea..
Wlohlta
the various clearing houses at noon on Saturday, and hence in Lincoln
Topeka,
the above the last twenty-four hours of the week have to be
we go to press Friday night. Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
in all cases estimated, as
Total other
Bt.
speculative markets.
business activity outside of the OaUlde Hew
*
l,679,>n!4
l,5r<8,87«
+0-8
+23
—27-7
+1S-?
+a-l
+15-1
(-7-8
63
+0-8
-1-8-8
16.051.338
1,X60,648
1,670,433
+7B
+K5-7
— 1K3
+10-4
1.0333U
+ 18-8
8I2.999
704.726
23.814,«38
+5-2
23,144,849
10,4)1,401
6,617,969
-18-4
9359,920
-HJ-l!
6.162,930
3,786,392
3,744,114
4,867,460
—31-a
1,1169.260
-^1
4,5I3.M6
4.8iM,66ll
-14-4
—H3-4
+03
l,t>46,8.'<3
-14-6
1,416.458
+ 1-S
841,415
686,540
76;.2Ui
627,963
373,375
-t28'8
—12-1
1.403.673
1,048,244
923,383
525.073
631,670
403,438
33,675,723
86,600,766
-7-7
33,318,536
30.690,583
10,820.018
7.««8.6««
S,105.9»S
21371.774
-8-7
3,406336
8,<a0,000
1,096.610
3.164.313
-f4r7
-38-7
-192
931384
968,685
464.000
061,130
413,060
1,699,676
733,041
-(.88-6
671300
-lb-7
938,963
666,000
773,989
4««.S»7
1,49».>48
700.000
63,046,916
S0.803330
64301 .0«»
1.196.438,7«» 1.160.006.148
1.0ei.3«MIB
Tork..
-13
100,147,181
-3611
Not Included In totali.
-t-S-8
+6-5
4,544,344
3,4I».7S4
3,04a,8S&
907,316
-irs
783.000
-271
RIotamond
in
4.742,651
2,89«.b00
I.3gw.7l!0
Memphis
18,
an increase
+17-4
+4-3
6,28l!,»36
9733a0
LonlsTllle
Honaton*
to indicate
9,040,044
«,OHO.S6W
3,863,332
3.898,186
4.558,760
+80
91,733,816
11,293,096
6,904,206
3.681,906
3,309,43a
8,800,391
3.214.878
883,064
Lonia
NewOrlaana
Exchange has been appreciably less. Boston stock operations Waco*
Toul BoBtbera...
liave Ukewise not been so heavy as during the week ending
Total all
April 11, yet clearings are slightly greater. This would seem
1,745,9111
26.086,015
6l6.5ga
607.249
328,035
with the comparative totals in 1890.
Oalveaton
The aggregate for all the cities, as the subjoined statement NashTllla
Dallas
Fort Worth
ahows, exhibits a gain over the preceding week of sixty-five Norfolk
tan ooKa
millions of dollars, notwithstanding the fact that diuing t»e Chat
BIrmlnaham
period covered the volume of speculation on the Stock Lexington
Boon April
8.330,801.
827,9 :
699,8X4
1.434,ue7
i,cae,oiM
1,019.436
Weat«m„
13.019,901
4,6lJ 177
l,38l,0Sc
1,010,26"
75D.0O
599,<S8
Stt:<,71&
Seattle
Minneapolis..
Total all oltle* for week..
974,95b
78,396,2»-
Detroit
Cleveland
1890.
1891.
907,801
116.175,414
Milwaukee
Retumj by TtiegravK
f.aTI.Bal
1.932.S<m
+0-4
81,521,938
1S,«')7.1W
4,741.783
Cincinnati
'ib.
l.«4S,5l<8
-tH2-4
-t-38-4
Toelssd.oio
Cbloago
Clkarihob.
+0-8
+11-0
-H)8
-6-8
-6-7
+14-5
.,90
l,«iB,57
67,49«.e75
fl, 144.910,239, against
(-841)
1,M91.V!V0
112,333,019
been
+0-»
(+160-8>
(*-471i
(-5a- ij
(
PUIIadPlptala
CLEARING HOUSE RETURNS.
634,907,890
+31-9
(-40 2
p. Cent.
8,788,6>B
7, If 8,086
2,140370
1313380
+ir4
+71)
-1-8
+0-4
+131-3
-6-8
943.287'
-31^
503,003
-17-V
449.607,816 '4B7,ttl'.ll6»
ssssrm
+1-0
+!-»
-8-8
-108
+27-1
-h37-«
—
sro
-6-S
+0-3
+16-9
-1-5
-a8-«
+0-S
-838
-I4-*
+80^1
-14-7
-31-7
THE CHUOMCLK
618
light inquiry even for time loans,
tively
THE FINANCIAL SITUATION.
stock speculation has been active.
Every event of the week except the gold shipments
feeling in
has tended to create a more hopeful
the trade
course
Of
circles.
financial
and
commercial
We have often
but the price of cotton is
present loss
likewise very low, and this is not only a
values
upon
but a source of some concern as bearing
situation
is still
far
from
satisfactory.
referred to the iron market
LV^ol.
;
The yield of cotton the past season
for the next crop.
has been so very large that stocks of the raw material
have accumulated in Europe and America in sight and
full
in spinners' hands to such an extent that another
as
producers
cotton
by
anticipated
not
is
crop
other
if
Still
feature.
hopeful
an especially
trade
active
to
favorable
become
conditions
here and abroad, this old surplus would find
a market quicker and at better figures than now
appears possible. There is nothing more marvelous in
the world's industrial history than the rapidity with
which the consumption of cotton goods has developed
.
Lll.
though the
Money on
call as
represented by bankers' balances has loaned in small
cent,
but the bulk of the
between 3 and 4 per cent,
making the average about 3^ per cent, renewat 3 and 3^; banks
and trust
als having been
companies have also loaned at these figures, some at 3
and others at 3^ per cent as a minimum. For time
contracts there is more money offering than there has
been in many weeks, and lenders are employing brokers
amounts
at
business
has
5
per
been
they are liberal, too, regarding the characEates are 4 per cent for sixty to
ninety days, 4|@5 per cent for four to five months,
and 5@5|^ for six months on good Stock Exchange colto place
it;
ter of the collateral.
For commercial paper the better inquiry noted
week has continued, many of our city banks being
Eates are 5 per cent for sixty to
the market now.
lateral.
last
in
ninety day endorsed bills receivable,
5@5i
per cent for
commission house names, and 5^@6^
for good single names having from four to six months
four months'
and overtaken any enlargement in the supply of the
raw material. Besides, wheat and corn will figure to a
to run.
greater extent than usual in the South this year ; that
means food to the people themselves, and with high
discount,
The "Bank
England has not advanced its rate of
it was expected when the week
opened that it would do so. This seemed to be the
prices which are sure to prevail especially for the invitable outcome of the continued movement of gold
early marketings of wheat, some sections will be greatly to Germany, and when on Monday the news came of
of
although
.
the failure of the firm of Arral Bros, of Glasgow, with
benefitted.
"With respect to the gold
movement,
it loses
much
of
significance and importance in view of the crop
development in the West, and the apparently assured
fact that Europe will want our surpluses of food products
Besides, as the facts are
at paying prices this year.
disclosed, less mystery hangs about these shipments of
the yellow metal, for they are found to be only a natuits
result
ral
of our foreign trade conditions.
further below the import and export
We
movement
give
for
this week, and it shows that we have been
importing recklessly. The total imports of merchandise for that month are IQ^ million dollars larger than
for March, 1890, while the silver exports net only about
March, issued
one million dollars against two millions in March, 1890.
Of course with such conditions, it is folly to be greatly
moved over transactions which amount simply to paying
our debts. To be sure the shipments of gold hitherto have
not been absolutely exchange operations. But when we
say that, we mean simply that the gold was so urgently
needed in Germany and Eussia that the consignee,
to get
the
accepted the loss resulting from the sale of
below the actual gold-exporting point, partial-
it,
bills
making the
good by operations in sterling at
There is nothing in such
a movement for us to fret over, for what the consignee
lost we gained, while the metal shipped helped pay our
debts all the same.
When that urgency in the demand
ly
loss
Paris or Berlin or London.
for gold
is satisfied,
rates of sterling for actual business
will probably advance,
and we shall send the yellow
metal to London as an exchange operation, for we have
not settled our balances yet. If Europe will not take
our stocks, and if we have but little produce left
to
ship, there
nothing but gold to send.
Notwithstanding these continued gold shipments, and
notwithstanding the bank surplus reserves, as shown
by
is
last Saturday's statement,
were down to $4,319,850, of
the larger banks held $3,164,600,
th«re appears to be plenty of money in the
market!
which amount
This
is
interior
five of
heavy liabilities, the belief that the official minimum
But each day
would be raised was quite general.
showed that the Bank of England was gaining bullion,
while the open market rate did not advance materially,
so that when the unchanged rate of 3^ per cent was
announced on Thursday it caused no surprise. A feature
in the foreign markets, which no doubt has had influence in preventing a rise in the
Bank
of
England
rate, has been the advance in exchange at Paris on
London to 25f. 27^0., checking the tendency to move
The cable reports disgold from London to Paris.
counts of sixty to ninety day bank bills in London at
3f per cent, the firmness being due in part, it is
The open market rate
said, to borrowing by the Bank.
at Paris is 2f per cent, at Berlin it is 2^ per cent and
The Bank of England
at Frankfort it is 2f per cent.
This was
gained £485,000 bullion during the week.
us, by
cable
to
special
caused, as we are informed by
imports of £333,000 "bought in the open market" and
receipts of £152,000 from the interior of^Great Britain.
Our foreign ^change market has been dull and
steady, gradually growing a little firmer for short sterlThe shipments of gold to Europe
ing and cables.
have supplied about all the bankers' bills that have
come upon the market, the arbitrage operations in
stocks having no influence, and after the middle of the
week the absence of bills due to the interruption of
gold shipments aided in stiffeniijg the rates for
All the gold which has been exported
actual business.
has been drawn against. The total gold exports since
our last have been $1,150,000 last Saturday; $500,000
each by L. von Hoffman & Co., Kidder, Peabody &
Co. and A. Belmont & Co. on Wednesday; and
$1,690,000 engaged yesterday for shipment to-day.
The posted rates of exchang3 have remained unchanged
since Friday of last week at 4 80 for sixty-day and
4 89| for short, all the drawers maintaining these fig-
ures.
Eates for actual business in sterling closed with
no doubt primarily due to the fact that
the the market steady at 4 85i@4 85i for long, 4 88i@4 88f
movement has now set towards this city
siderable force, but
it is
in con- for short, 4 89@4 89i for cable transfers, 4
in part due also to a compara- for prime and 4
83i@4^83f for documentary
84@4
84i-
commer-
'
April
to
foreign triide statement for
The
cial.
THE CHRONICLE.
25, 1891.]
March
referred
as follows, arranged in our usual form:
roRiiow TRAD* MoriMiMT or TRi iTinTaD •TATai-(0OOi omlttM.)
above
MnCBAMDIM.
XInt
itot.
Mm-
7m-
0/
port:
porU.
BxporU
of the iron furnaces in
the sections
In addition to the loss in coko and iron, there was &
in the grain traffic from the small crops of 1890,
loss
8ILTIB.
Baetm
K&vortfi rmport*.
down
shutting
traverHcd by them.
is
QOLO.
619
BXCMI
of Bx.
as contrasted
season.
with the heavy crops of tho proccditig
is with very heavy earn-
Finally, the comparison
fortt.
We cannot give the
1890 results for tho
were then reported on a difir>a
'3,011
1,871
ttl.200
Autf...
ferent basis, but on the Eastern lines there was a gain
•121
!l,se8
«s.am 7a.M0 '7. an
Sopt...
••4,015
11.211
671
'J.88a
Oct....
9S350 »3,550 83,770
in gross for March last year of no less than $674,679,
487
1,360 a.oss
1.608
Not... SS.kvb 61.«l« 1*4.771
while the loss the present year has been only $252,009.
O.VJ
a.toi a.835 1.883
60.8U2 37.<U0
9S.1.VJ
D«o....
300
aeo 1,«10 1.310
Jan....
M'i.nsol Vi,sui 'J0.31S9
In other words, even after the loss, the 1891 gross is
0-16
i,a«3
077
8.8M
Feb...
r 4.876 a3.»80
t4.6ia a.07i
1,010 1.022 over $422,000 in excess of the gross for the same month
March J3.316 TT.IWB ••i,2«0
Toml eilj.nu) «1!S.1M "79.783 17.817 •i3.T»7[ t8.280 18.005 14.067 3.K» two years ago. All things considering, therefore, tho
SUbO <iK:i.;:i7.}71336 II ISM 11,706 l!l,203| HOi a9.«J7 13,023 14.8(it
8S-SH .>S.'l,l.'*i .549.632 .13..V18 8.067 •ia, 200 +17,188 '43,361 13,896 1 1.4<16 Pennsylvania statement must be regarded as better than
«7 SS .>.'5.l.:!!« .539.-III .i.iH7|4'i.574 6,387 36.187 •4a,o8a 1'4.061 9.125 could reasonably have been expected under the circumNBSJ 57J,4J1 508,811 68.0SO 41.173 7,890 33,888 19.077 13.477 6.500
sS'Seis n.500 47«,e8«| 44.')u'i?!*8' •W.305[ fi.iSt •43.766 14.290 '9.176 stances.
It is to be noted that the falling off in gross
£xcew of liui>ort«.
Excess of exports.
has been met by a heavy contraction in expenses, reThe above indicates an adverse merchandise balance ducing the loss in net to $79,846 on the Eastern lines,
The following
for March, 1891, of *'i,290,000, against a favorable and to $178,536 on the Western lines.
merchandise balance for the same month last year of furnishes a six-year comparison on the Eastern lines.
90 91
ai.<i»
5K.18U
July..
r»,65ii
ings last year.
•
$
a,oo3
•j.<m
a.277
t
t
I
•J3,ni
«
1.617
l,«fl0
Western
linos, since these
.
I
I
*
t
$5,455,415.
Not
for the
as an
Ll.NES
unlikely the Pennsylvania Eailroad statement
month
MareK
of March, issued this week, will be used
argument
to
is
Gross earnings
Operat'g expenses.
the lines east of Pittsburg
Not earnings...
show how very depressed business
On
at the present time.
BAST or
1801.
1800.
1880.
4.796.136
3,661,281
8.470.715
3,823.444
1,667,426
1,647,271
PmsDiraG.
t
6,218.706
1887.
t
I
186«.
*
4.410.433
2,074,492
3,001,865
3,207,036
4.626,561
8.035,918
1.589.100
1,490,613
1,48&.»41
1,S0«,780
2,6M,075
"and Erie there is a falling off in gross earnings as com'parcd with the corresponding month last year of $252,009, and on the "Western lines a falling off of $432,512,
Jan. 1 to JpHI 1.
15,270.601 18,464,117 13.748,038 13,099,995 12,260.992 10,872.8««
Gra«a earnings
Operat'g expenses. 10.946.887 11.116,600 0.681.7001 0.215,178 8.220,54S| T,347,M1
A
For the three months to March 31, it will be observed, net on the Eastern lines is only $24,834 below
the amount for last year.
On the Western system tho
loss in the same time has been $304,513.
Northern Pacific affairs have latterly attracted a
great deal of attention.
There have been some sales of
the company's securities for foreign account, and this
coming at a time when the current reports of earnings
were no longer showing such extraordinarily large
gains in earnings as in other recent periods, led to the
circulation of
rumors unfavorable to the company, and also led operators for a decline in
the market to attack the securities and seek to
depress them, on the theory that there must bo
some weak spot in the company's affairs. But tho
foreign selling does not indicate any loss of confidence
in the property. Germany appears to be going through
a process of liquidation somewhat like that recently experienced by London, and in these circumstances the
'
making together
a
decline
decline of such dimensions,
of
if
nearly $700,000.
attributable entirely or
in great part to business depression, would of course be
"a very serious matter. The reasons for the heavy falling off, however, are found chiefly in other circumstances.
It is not to be
denied that business
all
through
the current year has been in a very quiet state, and that
this has had an adverse influence on the trafiic and
earnings of the Pennsylvania, which is very susceptible
to the changes in the condition of general trade.
inactivity
looked for.
in
in
business
It follows
is
perfectly
from the
natural,
This
and was
financial disturbances
November and last season's short grain crops.
As said, however, this has been only a minor
in the falling off in earnings on the
factor
Pennsylvania.
The main
trouble has been the strike in the Connellscokg region, with the consequent going out of
blast of so many iron furnaces.
The Pennsylvania
runs through great iron manufacturing districts, and
the traffic which it gets in that way is simply enormous.
The effect on it therefore of a disturbance in that
industry is very great.
We quoted figures from the
Iron Age last week to show how decided the falling off
in the production of pig iron had been in recent
months, the capacity of the furnaces in blast the Ist of
April being only 113,163 tons per week, against 183,846
tons on December 1, and against 178,474 tons on April 1
villc
These figures relate to all the furnaces in the
country, but from them one can judge of the extent to
last year.
which the Pennsylvania, so largely dependent upon the
traffic incident to the manufacture of iron, must have
suffered.
The falling off in iron production means
not only reduced shipments of coke and coal, but it
means also a decrease in the shipments of iron ore
and the other crude materials used in producing iron.
As to the traffic in coke, it must be remembered that
Net earnings...
4.328.614
4,318.4481 4.001.8381 3.864.8171 Zo80.i40l 3.t«t,t2»
best securities are naturally disposed of first, because
most salable.
Besides, some of the financial hooses
have been fortifying themselves against the contingency
of a European war, should that unfortunately occur.
far as the financial condition of the company is
concerned, the Northern Pacific officials inform us that
As
this has hardly ever
been better than at tho present
Moreover, we learn from an independent outside
source, of undoubtedly reliability, that Mr. Villard before going to Europe made arrangements to provide
time.
company's needs for a year to come.
has been caused by the fact
the net income of the company as reported
January
and February was insufficient to
for all the
Some
that
for
comment
meet the proportionate fixed charges for those
months. But
significance attaches
to that
no
circumstance, as the company never earns its ftxed
the Connellsville eoke is shipped long dis- charges in the period in question. January and Febtances to Chicago, for instance so that the Western ruary are winter months of light traffic.
The most
lines were affected as well as the Eastern, and of that can be hoped for, therefore, in those months is
"much
of
—
—
i
course also these lines were likewise affected by the
that there shall be improvement as compared with tho
.
THE CHRONICLE.
620
what
corresponding months last year, and that is just
deficiency
the
year
last
January
in
while
Thus
we find.
below charges was $321,018, in January this year the defi-
WeA
[Vol. LU.
Ending AprU
Into
BAnkt.
24, 1891.
Banks* Interior moTement, as above
Snb-TreaB. oper. and gold exports
$3,9V!6,0Ull
19,100,000
Out of
Net Change in
Bankt.
Bank HohUngt.
$:,S11,000 aaln.$3,416,000
22,031,000 Lobs. 3,931,000
Total gold and legal tenders... $23,026,000 $23.512,000 Loss. $Me,000
was only $306,731; in February last year the deficourse
Of
The
following table indicates the amount of bullion
ciency was $181,839, for thisyear it is $170,449.
comin
will
the
principal European banks this week, and at the
months
we can not tell how the subsequent
will
they
corresponding
date last year.
certain,
is
much
pare with 1890, but this
<!iency
better exhibit as regards the relation of earnthe
ings to charges than the months already past, since
much
Tery
always
is
months
those
in
income
company's
make a
As showing how
larger than in January and February.
the income increases with the progress of the season, we
refer to the figures of gross earnings for the first
In January of that year the
six months of last year.
gross was $1,177,400, and in February $1,283,908; in
may
March
there was an increase to $1,676,581, and for
April,
May and June
above
recently
made
been
charges
fixed
for
the
total
Another
$1,900,000.
each month
has
that
ran
mistake
that
the
in assuming
January to June period
is
the
will be the same approximately as the fixed charges for
In point of fact these
the July to December period.
fixed charges include rentals which are calculated on a
AprU
AprU
23, 1891.
24, 1890.
Sinks of
Gold.
Silver.
Total.
Goid.
Silver.
Total.
£
£
£
£
£
£
21,793,859
99,122.000
23.116,210
13,651,000
27,918.IX)0 13,050,000
22,012,000
9,558,000
5,518,000 16,212.000
1,682.000 6,762,000
21,793.859
England
Usance
...
19,208,000 19,911,000
29,102,867 14,551,383
Anst.-Han'y.
6,127,000 16,586,000
Netherlands..
Nat. B'lgtum
8,933,000
Germany
3,076,000
6,623,000
1,538.000
61,076,000 50.559,000 101,636,000
1,611,000
2,812,000
11,877,000
21.760,000
10,434,000
1,406,000
1,218,000
Tot. this week 112,510.526 88,211,333 200,751,859 115,162,210 87,918,000 203,070,210
Tot. prev. w'k 111,389,085 87.687,999 199,077,081 111,227,815 87,353,333 201,581,178
THE REDEMPTION OF THE FOUR-AND-AHALF PER CENTS.
When Secretary Foster was at the Sub-Treasury last
week, a letter from a prominent Wall Street banker
was passed around among those who had been invited to
meet the Secretary, suggesting the continuance at 3 per
payment, of the 4^ per cent bonds
which
fall
first
of September.
due
the
The purpose
-earnings
requirements for such rentals will also be lighter. Fin- in making the letter public was presumably to elicit an
ally it should be remembered that whatever the tem- expression of opinion on the proposition the letter conporary outcome, the future of the Northern Pacific tained at all events, an opinion was given in an inforproperty would seem to admit of no doubt. From one end mal way, and the substance of what was said seemed to
to the other the system runs through a section of coun- be an approval of the proposition by most of those
percentage
basis,
vary.
and which
Hence with
vary as the
therefore
lighter
earnings
oent, instead of the
the
;
try of excellent promise and of great fertility
—a section
present.
This discussion has led to a belief that the suggested
whose development has only just begun. In the same
extension
is a necessary step on the part of the Secrecompany's
also
lies
the
immense
section
land grant,
and which therefore in time will become very valu- tary, and that he is seeking the aid of the banks, which
hold nearly half of the four-and-a-half per cents out-
able.
Our stock market this week has been very strong standing, to
and also very active. The sentiment is running decid- argument is
higher prices, based on the excellent
promise for winter wheat in the United States and the
certainty of a large demand for the cereal from abroad.
"There have been free sales to realize profits, but the
-effect has at no time been more than temporary, and
•the reactions have not been important.
The granger
properties have been the special favorites
the buoyancy, however, has not been confined to these, and
other properties have participated in the upward movement. Some of the ordinarily inactive stocks have
shown considerable life, and bonds have also been strong
«nd higher as a rule. There have been further
gold shipments, the lines to St. Paul via Duluth have
reduced rates from the seaboard, and the Chicago &
Alton has not at all shown a submissive mood, but the
•edly in favor of
;
last
carry
and
Congress
many
of
him through
The
the emergency.
that with the large appropriations by the
the
the
States
of
made
return already
the direct tax
to
so
bulk
(the
money being called for by the States earlier
than anticipated) no funds will be left for the redemption of
any of the bonds when they fall due.
This conclusion we hardly think is warranted, though
the statements which suggest a loss of future surof that
plus
may in some degree reflect the true
Customs duties will no doubt fall o£f. We
revenue
condition.
notice that the late Secretary
Windom
November estimated the customs
in
his'
report last
duties for the
fiscal
year 1893 at 189 million dollars, against actual receipts
of 339^ million dollars in the fiscal year 1890
shows an expected
visions of the
new
loss
from customs, with
tariff in
all
that
;
the pro-
operation, of 40 million dol-
on the market has been lars. But the same report estimated all other receipts
inconsequential.
The tone at the close yesterday was for the fiscal year ending July 1, 1893, at 184 million
strong.
The Pittsburg Cincinnati Chicago & St. Louis dollars, against 171 millions actual in 1890, so that the
the newly formed Western company of the Pennsyl- total revenue for 1893 was estimated at 373 million
Tania has declared a dividend of one per cent
on its dollars, against 400 million dollars actual in 1890, or a
of these circumstances
eflEect
—
—
preferred stock.
The
loss for the
following statement,
made up from
returns col-
lected by us, shows the week's receipts and
shipments
of currency and gold by the New York banks.
Vtttk
EtuHncApn:
24, 1891.
Received
till
Shipped hy
N.r. Banla. W. r. Banks.
Onrrency..
OoM
Total gold and legal tenders..
Net Jnttrior
Movement.
$3,326,000
600,000
$1,211,000 Galn.$2,115,000
800,000 Gain.
300,000
$3,926,000
$1,611,000 Galn,$a,415,000
With the Sub-Treasury operations and gold
ihe result is as follows.
exports
twelve months of only 37 million dollars.
Accepting that estimate as correct, the amount
the loss will not be so serious as
many claim, being
of
only
Assuming the same falling off in
3^ millions a month.
the revenue in the months from now to July 1, the
total loss from April 1 to September 1, when the bonds
become due, would aggregate only llj million dollars.
When it is remembered that the decrease in the debt from
April to August, 1890, both months included, aggre-
gated $36,310,839,
off in the income
it is
is
seen that this estimated falling
of itself a trifling affair.
regard to the disbursements during
the
same
With
fire
April
months
THE CHRONICLE.
30, 1801.1
of this yeur,
their extent.
we cannot attempt to measure
said shows that, based on
GROWTH AND DEVELOPMENT OF
NORFOLK £ WESTERN.
What we hare
last year's surplus, there is a margin, even
deductioj? the loss in revenue, for an increase in disbursements of about 25 million dollars before disburse-
621
after
la the career of the Norfolk
& Western we
have an
which
ments would equal receipts. But without attempting traffic can bo developed in this country under favorto pursue that branch of the inquiry closely, there are ing circumstances through intelligent management.
several things to be noted in addition to the fore- A few years ago the system was a comparatively unimgoing that affect the question of available funds with portant one, and its affairs not such as to attract much
which to meet the bonds in September. In the first place notice. To-day it occupies a prominent position, and
there was a surplus in the Treasury April 1, 1891, of 137,- though in extent of road operated it does not approach
592,872 (see Chronicle April 4, pages 510-511), with- the larger and more extended systems in different parts
out counting subsidiary silver, and af-er a larger aggre- of the country, in some respects it has characteristics
gate by several million dollars had been credited to more marked and noteworthy than any of these characdisbursing officers' balances, &c., than the average so teristics to which we have directed attention on previous
That shows that the Treasury, even if its future occasions, but which remain just as distinctive and
held.
income is all absorbed by current disbursements, is not striking as before. The result is due to a judicious
I
excellent illustration of the wonderful
way
in
—
so
poorly off or in so depleted a condition as is genShould the Secretary be able through
erally assumed.
any arrangement with the banks
to distribute say
10
extension of the mileage of the system by the construc-
and acquisition of desirable branches and feeders,
through
tion
to the careful fostering of local industries
and
millions of his subsidiary silver (of which there seems to
be some probability), his net balance (after the large
low rates of freight.
The report just submitted shows that in the calendar
deduction noted above for balances with disbursing year 1890 the company moved over a thousand million
in exact figures, 1,003,872,oflScers, &c.) would be (on the basis of last month's tons of freight one mile
million
dollars.
in 1885, less than 300
years
before,
about
Five
Treasury statement)
47^
726 tons.
most
and
a
tons.
From
consideration,
another
were
moved
295,788,872
still
tons
there
is
million
But
—
—
overlooked in estimating
the Secretary's resources for redeeming the 4^- per
There were on the Ist of April $24,812,450
cents.
of these bonds (out of the $53,854,250 outstanding at
easy to see the progress that has been made in
the five years as well as the present large extent of the
Of
that date) held by the banks against circulation.
amount so held by the banks the Secretary will
of a
important one
too,
which
is
that
have
to provide only 10 per cent of the cash required
him to redeem them, as
must provide the rest of
by
the banks holding the bonds
this it
is
course, alongside the
enormous
the Pennsylvania even a tonnage
movement
road's business.
traffic of
We
Of
thousand million tons does not look very large.
get a better idea, however, of the magnitude of the
by comparing with the traffic of some
Thus the Chicago
Western systems.
Quincy in the same calendar year (1890),
total in question
of the leading
the money, unless such banks Burlington &
purchase 4 per cents to replace the 4^ per cents, so as on an average of 5,160 miles of road, carried the
» to continue their circulation. We cannot think there equivalent of no more than 1,978 million tons of freight.
will be many who will pay 121 for the 4s under existing The miles of road on the Norfolk & Western were incircumstances, except so far as the bonds are needed creased during 1890 by the acquisition of the SciotoValley
as the basis of the bank charters according to the & New England and the Shenandoah Valley roads, and
-
All who do not
requirements ©f the national law.
substitute new bonds as security for their outstanding
notes must deposit with the Treasurer 90 per cent of
the old bonds in legal money as a preliminary to getting
the bonds ; and after having secured them, the bank
must present them to the Treasurer to be redeemed.
yet
Under the law
miles in
as
it
now
stands, the
money
deposited
by the banks becomes at once an asset of the Govern,
ment, and the Government on its part becomes responBut
sible for the redemption of the bank circulation.
as the bank notes flow in very slowly, the Treasury
Department secures the use of the greater portion of
the money for many months, and some of it for years.
We are not expressing any opinion with reference to the
wisdom of this device we are only relating the situation of the Secretary as established by Congress with
reference to the bank deposits made to redeem bank
notes. That situation, then, virtually relieves the Government from the burden, and throws upon the banks
the work of providing more than half the money to
meet the bonds to be redeemed in September.
In the light of what we have stated, it does not look
to us as though the emergency which confronts the
;
the average number operated for the twelve
months was only 826 miles. Hence the Quincy with
over six times the mileage of the Norfolk
has not quite twice the ireight
movement
&
Western,
of that road.
Western roads. The Chion an average of 5,657
the year ended June 30, 1890, had a tonnage
Or take some
of the other
cago Milwaukee
&
St. Paul,
movement of only 1,842,789,845 tons; the Atchison
Topeka & Santa Fe in the same year, on an average of
The
7,111 miles of road, moved 1,769,828,696 tons.
Chicago
& Northwestern
in the year ending
May
31,
2,000,182,603 tons one mile (including
construction freight), the miles of road operated being
1890,
carried
4,250.
In none of these cases is the tonnage movement
Norfolk & Western, though
the systems taken comprise a mileage f roni five to eight
fully double that of the
times that of the Norfolk road.
The St. PaulA Omaha
Koad, on an average of 1,394 miles of road, in the calendar year 1890 had a total of only 481,397,895 tons,
against the Norfolk & Western's 1,003,872,726 tons on
826 miles. We may go a step further and say that the
Norfolk <& Western has a traffic almost as dense as
Secretary of the Treasury promises to be a very trouble- that of the Lake Shore & Michigan Southern, which
some affair, and we do not believe Mr. Foster thinks it in 1889 (the latest year for which figures have yet been
will be. We do not know, but we fancy that his anxiety in published) moved a total of 1,869,009,822 tons one
grows more out of the mile on 1,410 miles of road. That is to say, the Lake
bank and Treasury movements on the money Shore has an average of 1,318,447 ton miles for every
market in the fall than upon Treasury difficulties.
mile of road operated, and the Norfolk & Western mi
this matter, so far as he has any,
effect of
•IHE CHftOJNlCU^
622
•
•
[Vol. UI.
the 1889
average of 1,315,342 tons. If we had taken
instead
Western,
&
Norfolk
the
of
movement
trafiBc
The traffic figures for 1890 reveal in a striking way
some of the fruits of the company's policy. For
have been
of that for 1890, the average tonnage would
acquisition
even higher than for the Lake Shore, the
already
of the SciotoValley and Shenandoah Valley roads
the
than
traffic
lighter
mentioned, and which have a
instance, during that year there was a notable expan-
and iron ore, and which could
only have come as the result of previous efforts directed
sion of the traffic in iron
to that end.
Almost half a million tons
of iron ore
—
Norfolk & Western itself, having operated to reduce the were shipped over the road in 1890 480,984 tons ; this
Indeed, the fact that the comparing with only 249,374 tons in 1889, 195,350 tons
latter's average for 1890.
Of pig iron the shipface of the absorption in 1888 and 65,851 tons in 1886.
in
the
high
so
average remains
all the ments were 235,844 tons, against 161,215 tons in 1889
result
the
makes
road
additional
considerable
of
more remarkable. Moreover, as pointed out above, and 95,389 tons in 1888. Of stone, 187,683 tons were
increased significance attaches to the matter because shipped, against 87,965 tons the previous year, and of
" other minerals " the shipments were 247,821 tons,
the development of the traffic to its present large produragainst
but 68,506 tons. Between 1885 and 1890, as
about
brought
portions has in great measure been
stated
the total amount of freight of all kinds
above,
1885.
since
ing the last few years— say
moved
one
mile
increased from 295,788,872 to 1,003,the
systems
Western
larger
on
the
that
We have seen
In
actual tons moved the increase was
tons.
proportion
872,726
in
considered
mile
one
movement
tonnage
amount of addition
to the miles of road operated
from 1,199,790
one-fifth that
thus being 3,859,805 tons.
In the mineral traffic
(including of course coal) the increase during the same
is only from one-half to
on the Norfolk & Western. The average
freight rates on these Western systems are most
assuredly not high, and yet if the Norfolk & Western
on its traffic could obtain as high an average, its gross
earnings would be nearly doubled and its net income
more than trebled. In these low rates, however, lies the
secret of the successful development of the road in
recent years without the aid of that important circumstance the traffic could never have reached its pres;
period was from 685,271 tons to 3,558,869 tons.
In
other words, of the 3,859,805 addition in total freight
the mineral traffic contributed 2,873,598 tons.
This
shows how considerable a portion of the whole has come
from that source, and yet, with nearly a million tons
coming from other sources almost as much as the
entire freight traffic of the road in 1885, including
minerals it also shows how decided and noteworthy
has been the coincident growth of general and miscel-
—
But the converse of this is also true,
namely that except for the large dimensions of the
traffic the low rates realized would be out of the ques- laneous
ent proportions.
to 5,059,595 tons, the
—
freight.
As already
said, the large proportion of coal and
minerals
carried
made low rates a necessity. But even
making
comparison
with
Of
Western roads
or roads in other parts of the country, we must not allowing for that fact, and comparing with roads similose sight of the fact that there is a fundamental differ- larly situated, the average for the Norfolk & Western
tion.
course in
ence between their freight in most cases and that of
the Norfolk & Western. It is not alone that their
traffic is much lighter, but that it is different in character.
On the Western systems, for instance, grain
and produce form very important items of freight. On
the Norfolk & Western coal and other minerals are the
principal items a class of freight which will bear only
low rates, but which at such rates yields in the course of
time an enormous volume of traffic. The managers of
the Norfolk & Western early recognized this fact.
Their road runs through a section of country abounding in mineral wealth. But until a few years ago the
country was entirely undeveloped its vast resources
is
On account of the
& New England and
a notable one.
Scioto Valley
inclusion of the
the
Valley roads, this average for 1890 stands a
Shenandoah
little highei*
than for 1889. Nevertheless, it is less than six mills per
ton per mile, or only 0*571 cent. For the Pennsylvania Eailroad on the so-called lines east of Pittsburg
and Erie the average during the same twelve months
was over 6| mills per ton mile 0*655 cent. Even
on the Pennsylvania Eailroad Division, comprising the
lines between Philadelphia and Pittsburg, over which
more than 20 million tons of coal and coke were
shipped in 1890, the average for the year was slightly
in excess of six mills, being 0-601 cent. On the Philapractically untouched. The managers first^turned their delphia & Erie Division, however, the average was only
attention to opening up the coal fields.
The coal proved slightly in excess of five mills, or 0*516 cent.
to be of a very superior kind; it had, however, to comWe have remarked that the low average on the Norpete with coals already having an established reputation folk & Western would not have been possible except
and moved by the railroads at low figures. To grant for the large amount of traffic secured. But even then
equally favorable terms to shippers on the Norfolk & the business would not have been [profitable except for
Western was therefore imperative. This done, the the introduction of economies in operations, and the
traffic has been growing year by year.
It was not till adoption of the best and most improved methods for
1883 that the first car-load of coal came from the Poca- moving traffic, so as to reduce cost to a minimum. We
hontas region, and tide-water shipments did not begin
see one of the efforts to this end in the steady increase
tUl 1885.
To-day no coal is better known than this in the carrying capacity of the equipment, and another
same Pocahontas Flat-Top coal. In 1890 the tide- in the increase in the average number
of cars hauled
water shipments of coke and coal over the Norfolk
& by the company's engines through the use of heavier
Western reached more than 1^ million tons (1,291,576 and more powerful locomotives. In
1883, the average
tons), and the shipments to the line trade
almost
number of tons of freight carried in each loaded car
million tons (1,418,371 tons), making a total of 2,709,"was only 9*75 from this the average was steadily raised
947 tons, of which 317,830 tons were for the company's year by year, reaching in 1890 no less
than 17'46 tons.
own use.
So, too, the average number of loaded cars drawn by
The development of the coal traffic laid the founda-jeach engine now is over 19
(19-05), against only 11 in
tion for the development of other industries,
and par- ! 1883. As a consequence the average number of tons
ticularly the mineral resources other than
coal, which of paying freight to each train has been increased in
J
the management have done everything to
encourage. ' the seven years from 107 to 332.
We need hardly say
—
—
—
U
—
Apbil
THE CHRONK'LE.
35, 1891.1
623
that for a road to be able to report an average freijfht ture, now many years old, the espeoiai point of which
is that by it one need not "die to win," and
it would
train loud of 332 tons is a very notable achievement.
It is gratifying to find that the financial results of be absurd to say that a provision by which the estate
The company now may gain during the holder's lifetime is necessarily aad
operations are equally favorable.
earns dividends on its preferred shares where formerly per ae any less a provision for the survivors.
The
After paying the 3 per cent dividends attempted combination may be defective, or arithmetit earned none.
that is the question at issue ; bat
in 1890 (calling for $735,000) and contributing also ically impracticable
—
188,607 for sinking fund requirements, there remained
a surplus on the operations of the twelve months of
319,610. Total gross earnings have increased from
12,771,120 in 1885, to «7,561,916 in 1890, and net
earnings from $1,121,829 to $2,723,305. Gross and net
per mile likewise show very striking progress, the former
having risen from $5,509 to $9,154, and the latter from
$2,230 to $3,290. Without the Scioto Valley and
Shenandoah Valley
roads, gross for 1890
would be
in
—$10,116—and
must not be bes^ged by assuming
life insurance and
investment to bo opposed like a contradiction in terms.
The importance of the change in practice cannot be
it
overstated.
Life insurance has boon built up by perand the enormous contrast between
sonal solicitation,
its
growth here and
in Great Britain
is
explained by
the pressure in one country and the nearly total lack of
it in the other.
In property insurance the agent's service
is
to supply technical knowledge, take charge
the details,
net $3,563 per mile.
rates
;
of
and commonly (as things are) cheapen the
he finds his way smoothed in advance, and is
excess of ten thousand dollars per mile
proposed now to issue $5,500,000 additional pre- welcome.
In life insurance he has to force his way,
company. Though the amount of and successful workers have not always been those
this stock outstanding has been increased since 1885 having the best knowledge of the principles and pracfrom $18,000,000 to $31,500,000 ($3,000,000 more is tice of life insurance and keepers of a sensitive conheld in reserve). President Kimball points out that the science, but rather those having the tact and other illaverage amount of stock per mile of road has actually definable qualities which impress and influence men.
declined, being now only $28,660 per mile on 1,099 For insuring one's life is a grisly subject which repels ;
miles of completed road, against $35,294: per mile in the solicitor has asked men to step aside from the daily
The fixed charges per mile of road in 1890 were selfishness of business into unselfishness and expend
1885.
Mr. Kim- money for that which they could never (endowment
$2,196, as against $2,212 per mile in 1885.
ball says it has been the policy of the management to features aside) see delivered
of course he has found
provide for the cost of additional property and con- it a labor to push men up the hill of duty.
Clearly, putting investment in the foreground alters
struction through the issue of new shares and mortthe
conditions of the case radically, amounting to a
proportions,
so
that
while
the
gage bonds in reasonable
earning capacity o! the property might be increased, new departure. As a solicitor attached to one of what
the proportion of fixed charges would be reduced. He Mr. Greene calls " the racers," remarked, "we don't
Insuring life has become busistates that for 1890 interest charges were only 01 per " talk that way now."
cent of the company's income, as against 64 per cent ness, and is put on the "business" basis at once and
during the year preceding; but the "directors primarily. Of course it is not pretended that better
"appreciate the fact that a reduction of this proportion returns can bo had through it than through successful
"will still further strengthen the company's finan- business but the chances of unsuccessful business are
"cial position," and it is with this purpose in view that urged, very properly and justly, and the argument ia
that the proposed policy will indubitably surpass, in
the proposed increase in the stock is recommended.
safety and yield, any pure investment which either
or poor can make.
The solicitor says in subTHE
DEPARTURE IN LIFE rich
stance, " there, my dear sir, is your safe and profitable
INSURANCE.
" investment, and with it is combined, at the same
There is a feature of life insurance contracts of " price, insurance protection for your family."
It
is
ferred stock of the
a
'I
;
;
NEW
recent introduction.
We
snrance into what
called
refer to the diversion of life in-
an investment by those who
favor it and a speculation by those who oppose it.
In
this sentence, however, we use the word " diversion"
solely in the literal sense, without meaning to characterize the movement (as its opponents do) as being a
perversion or diversion from the legitimate function of
life
insurance.
Here
is
Whether because the
original motives have lost force,
or because the personal ambition for the
respect to
first
place in
volume of business done has outweighed
new departure is a
genuine improvement, the fact confronts us that the
new departure has been made. Admitting the usual
exception to prove the rule, " they all do it," under
one or another name ; and it is not doubtful that to this
other considerations, or because the
let us say distinctly that too much can be made is
largely, if not mainly, due the enormous expansion
of the perversion or diversion idea, and that life insur- exhibited
in our previous articles and still maintained,
ance practice is not to be rigidly judged by its conform- as far as
reports for last year have appeared.
The fact
ity or non-conformity to the original lines.
At first that the average amount of policies written in the three
the whole subject was reckoned " a tempting of Provi- largest companies
combined has risen from $3,171 in the
" dence," and on the other hand nothing was offered but year 1869 to
$3,250 in 1879 and $3,690 in 1889 cona contract of payments for life, coupled with absolute firms this view of the
effect of the change.
Moreover,
forfeiture, first or last.
Granted that the primary idea this does not show the change in average amount taken
was that of a provision for one's survivors, and that by each individual,
because many have several policies,
this ought always to be the primary idea, yet it would
and this analysis is not given in the returns. In all
l)e unreasonable to deny that it
is an excellent consumcompanies combined which were operating in New York
mation if the investment quality can be added without in those
years the average amount of issue was $2,658
destroying or seriously impairing the insurance. The in
1869, $2,490 in 1879 and $3,154 in 1889.
investment aims— or investment claims— in the current
The solicitor moves now with a degree of assurance
practice are an expansion of the endowment fea(in his own feeling, if not in his manner,) which he
.
THE CHRONICLE.
624
[Vol. LII.
Not without reason, he tionary in practice. How far his position
formerly did not attain.
of we shall consider another week.
oonsiders the field his in advance and the door
Instead
the private office already ajar to him.
on the
of talking to a half-averted and unwilling ear
BAIL
IN
the
discount
to
is
line of the old arguments, his labor
WAY TRANSPORTATION
is
sound
NEW
ENGLAND.
"estimates" of rivals and show that by the unIt is rather late to get railway statistics for the year
approachable power of his own company over interest,
1889, but as the figures in this case cover an inquiry
"
not
friend—
your
Codlin's
forth,
and
so
mortality,
into the subject by the United States Census Office,
Short." Perhaps his labor is not greatly lightened in
and as this inquiry has been prosecuted on a very elaboseverity by being changed in kind and effectiveness.
rate
and comprehensive scale more elaborate than the
He has, however, in changing the line of approach
regular
annual compilations by private parties the
market,
naturally borrowed the terms of the investment
—
customary
and now "bond" and "consol"
above
is not an
the
that
words employed. To show
extracts
from
following
the
take
paraphrase,
inaccurate
"
are
which
manager,"
State
a
of
advertisements
the
in their tone like those from other men and companies,
the emphasis by capitals and small capitals not being
are
the
reproduced.
"If Life Insurance on any plan, or at any price, would be
to you or, if an investment at better than Savings
Bank rates would have any attractions for you; or, if you
want Insurance or Investment, give your age at nearest birthday, and write to Blank."
" How is this for a Company 45 years in business assets
an object
;
:
:
over, etc., etc."
"For a Policy: Amount, $10,000; premiums paid
in 15
cash value at end of 15 years, $14,563."
"For an Investment A Bond purchaseable by instalments,
with 4 per cent interest guaranteed when paid for. and the
Bond payable im mediately in case of death either before or
after all payments are made."
years, $10,395
;
:
Turning to another page of the same publication
which has the foregoing, we read, in the form of an
"editorial notice," that the
new
consol policy consoli-
dates insurance, endowment, investment, and annual
then follow remarks based upon an "illustra;
"tion" of a 20-year $5,000 consol, age 46, premium
$374 22, incontestable after two years, with face and
interest of the consol guaranteed by its own provisions.
income
If the holder lives through the 20 years, having paid
$7,484 40, he may draw the face value and dividends,
estimated at $4,887, plus a life annuity of $150; or
may leave the settlement till death and take an annuity
of $340 50.
In case of death at end of first year, his
—
data furnished possess a considerable degree of interest.
The Census
now
bulletin
New England
issued relates simply to the
and only general summaries are
given, but these summaries include all the various
States,
branches of railway operations (capitalization, stock
and debt are not embraced in the bulletin), and the
results are worked out so as to show not alone the totals
but the averages per mile and per unit of traffic.
In dividing the railroad system of the United States
into geographical groups, less trouble
New England
is
experienced in
from the rest of
the country than in segregating almost any other section.
In fact, it is a very difficult matter to group the
segregating the
section
roads according to geographical boundaries in other
from the fact
companies whose
road extends through several States that no exact
line of demarcation
can be drawn to include all
the mileage on either side, since railroad companies
report their operations on their systems as a whole and
not on the separate parts in the different States. In the
New England section, however, the case is different,
the Hudson River serving as a pretty fair dividing line
between the systems East and West. No other group
of roads is so well situated for this purpose excepting
only the Southern roads east of the Mississippi and
south of the Ohio, and even there the northern boundary cannot be sharply defined.
Of course the advantage which the New England section possesses in this
respect gives added value to the comparisons and resulta
parts of
that
the country
there
are
this
;
many
so
follows
large
would get $5,200; at the second, $5,400; at the
$6,000; at the tenth, $7,000, and so on in proportion.
He purchases a consol by paying an annual
now furnished for that section.
We all know that there are some decided
interest of 5 to 10 per cent
in other parts of the country, and these
an examination of the Census bulletin makes
evident.
For instance, if we take the railroad mileage
of the whole country, the revenue from freight traffic
will be found to be more than twice the revenue from
passenger traffic. Not so on the New England roads.
There the passenger earnings and the freight earnings
are nearly on an equality.
Thus for 1889 the earnings
from freight service are reported at $34,001,568 and
the earnings from passenger service at $33,477,965, the
one coming within about hsilf a million dollars of the
other.
And since the previous Census the passenger
revenue has grown faster than the freight revenue. As
against an excess on the side of freight earnings in 1889
of only a little more than half a million, the excess in
1880 was almost 4:^ millions, the respective amounts
then for freight and passengers being $25,683,014 and
$21,435,830.
In other words, while freight income has
increased from $25,683,014 in 1880 to $34,001,568 in
1889, or 32 '39 per cent, passenger income has increased
from $21,435,830 to $33,477,965, or as much as 56'18
estate
fifth,
on
its
face,
"and
is
never
"required to pay the principal."
The opponent
of
this attractive-looking
it
in his
business
is
company and denounces
it
unstint-
edly as a perverting and monstrous speculation.
He is
a vigorous and frequent letter-writer, and in our
belief an able and conscientious man, who honestly
accepts as true all he says; how far he is correct in
judgment
is of course the question.
Inasmuch as he
appears to the rest a troublesome person, who talks out
of season as well as in season, it is only just to say
here
that his position leaves him no alternative.
The move-
ment
of life insurance practice having taken this direc-
tion, silent refusal to
go with it was not open to him,
because that would result in his being left hopelessly
behind. As an executive officer, having once decided
not to fall in with the movement, self-preservation
forced him to appeal to the public, and this
appeal
must be open and antagonistic. He could not simply
ay, " We do not believe in this form of insurance and
" will not practice it;" he necessarily became a
fighter
and could not do otherwise than arraign it
as
wrong in principle and sure to ultimately prove reacof
it,
fic
traffic of
New England
differences
roads and the traf-
of roads
differences
President Greene of the Connecticut Mutual, who will
have none of
between the
per cent.
And
traffic
the same feature
itself,
rather
is
observable
if
we compare
than the earnings.
the
In 1880 the
—
April
THE CHEONIOLE.
25. 1891.1
freight tonnage of the
New England
roads amounted to
625
other minerals, whereas on the
New England
roads, as
With this
In distinction in mind, it is easy to see that the growth
tons, the ratio of increase being over 47 per cent.
the same interval the tonnage movement increased from in traffic which has occurred between 1880 and 1889,
1,394 millions to 2,313 millions, or almost 66 per cent. as shown in the figures quoted above, indicates very
These figures reflect very satisfactory growth. But satisfactory progress. And it is to be noted, furtherwhen we come to the passenger traffic, wo find a gain more, that there has been an increase in the long-haul
of almost 98 per cent in the nine years in the number freight traffic and in the short-haul passenger traffic,
of passengers carried, and of nearly 78 per cent in the as is evident from the fact that while the number of
passenger movement one mile. That is to say, against tons of freight moved increased 47 per cent, the ton63 million passengers in 1880, there were in 1889 over age movement one mile increased about 66 per cent, and
103 millions, and as against 873 million passengers one while the number of passengers carried increased 98
mile at the former period, the number at the latter per cent, the passenger mileage increased only 78 per
It is proper to cent.
period had increased to 1,551 millions.
add that in both periods a small percentage of the mileNotwithstanding the difference in the character of
age in operation is unrepresented in the results given. their freight, average rates on the New England roads
Of course the addition in passenger and freight reflect a considerable decline the same as elsewhere. In
trafldc follows in part from the growth of population, 1880 the average receipt per ton per mile was 1 '843
bnt it is worth noting that this latter in the last decade cents; in 1889 the average was only 1 -470 cents. During
has been only 17"21 per cent, indicating, in the Ian the same period the average per passenger per mile deguage of the Census officials, " that a considerable clined from 3 '188 cents to 1-920 cents. Compared with
"portion of the increased business is due to the greater corresponding data for the railways of the entire coun24,003,907 tons
" relative
use
;
in 1889
made
it
hiid increased to
35,395,890
of railway facilities in 1889 than in
The prominence
roads
of the
is
of freight are wanting.
try in 1889, the Census bulletin says
New England
"1880."
New England
New England
said, those classes
it
appears that the
railways carry passengers cheaper and
passenger business on the freight dearer than the average rate on
easily explained.
Parts of the
the receipts per passenger per
all
railways,
mile in the latter in-
States are very thickly settled, and there stance being 3'165 cents and the receipts per ton of
has been considerable growth in manufacturing and a freight per mile 0-933 cent. The reason for the higher
movement of population towards the larger centres, rate on freight is not stated, and hence erroneous conirith a consequent increase in the volume of suburban clusions may be drawn from it.
This reason is found
travel.
Then as to the freight traffic, it must be in the facts already set out above, namely the comparremembered that the conditions in the New England ative absence of the bulky and low-class freights
States are in some respects exceptional.
Manufactur- grain, coal, etc., and also the small proportion of
ing development, as said, has made steady progress, but through traffic hauled long distances.
on the other hand the New England roads have very
There has been considerable economy in operations
little of those classes of freight which roads in many during the last nine years.
With 47 per cent increase
Dther parts of the country get in such large volume. in freight tonnage and 66 per cent increase in tonnage
Grain freight, so conspicuous in the traffic of Western mileage, the freight train mileage increased not quit©
roads, hardly figures at all in the traffic of New Eng- 16^ per cent.
In the case of passengers, with an
land roads. Nor have the latter the advantage which increase of 98 per cent in the number moved and of 78
roads in Pennsylvania, Virginia, &c., have of a large per cent in mileage, the train mileage has increased 59
traffic in coal and other minerals, items of freight which per cent.
The tons of freight carried per freight
bave contributed in such an important degree to the engine were 44,397 in 1889 as against only 36,480 in
prosperity of the roads in the sections in question.
Of 1880, and the ton miles per freight engine 2,928,255
coarse considerable coal is carried over the New Eng- against 2,145,319 ; the passengers carried per passenger
land roads to meet the ever-increasing requirements for engine were 102,758 against 70,002, and the passenger
manufacturing purposes, but as no coal is produced in miles per passenger engine 1,545,409 against 1,181,716.
that section the New England roads get none of the large It took only 36 cars to carry one million passengers in
land constantly- expanding traffic which coal-mining 1889 against 49 in 1880, and only 1,370 cars to carry
brings with it.
It must also be borne in mind that one million tons of freight against 1,418.
traffic in New England is hauled only comparatively
As compared with all the roads in the United States,
short distances as a rule, there being no very large the New England roads have a much larger equipment
amounts of through traffic moved over long distances. than the rest. Thus they have 33 engines per 100
The average haul on the entire freight traffic in 1889 miles of line, against only 19 for the whole country,
was hardly more than 05 miles. The average haul on the difference coming chiefly on the engines in the pasthe passenger traffic was only about 15 miles.
senger service.
So, too, they have 58 passenger cars
To illustrate in a striking way the effects of the ab- per 100 miles, against but 17 for the whole
sence of the bulky freights like grain, coal and minerals country, and the number of their freight cars is
^nerally, we may refer for purposes of comparison to the 752,
against
But they also get more
557.
Norfolk & Western Road, whose report we analyze to- service out of their equipment. They carried in 1889,
—
day
in another column.
The Norfolk & Western in as already said, one million tons to every 1,370 cars,
the calendar year 1890, on an average of 826 miles of while the average on all the roads was only one million
'Toad, moved the equivalent of 1,003 million tons of tons to 1,583 cars.
On passengers the comparison is
freight one mile.
The tonnage movement of the New still better, for while the New England roads carried a
England roads with 6,942 miles
to every 36 cars, United States roads as a
whole required 54 cars for the same work. The coi>«
elusion which the Census bulletin draws from these
«26 miles, being 2,313 millions. But on the Norfolk comparisons and results is that "the railways of New
A Western the traffic is composed very largely of coal and " England are operated under conditions that permit
of road (of which 552
miles are unrepresented in the figures) is but little
more than double tha6 of the Norfolk & Western with
million
^
THE CHRONICLE,
62B
' '
greater
'
economy than the ayerage railway
m
the
United States."
[Vol.
UI
whites,
namely Arkansas, Mississippi and West Vir-
ginia.
The
deceptiveness of percentages
is
well illus-
Arkansas the numerical increase of
The number of employes in New England per 100 trated here, for in
as great as that of the blacks, and in
twice
to
the
whites
was
in
1880
from
559
miles of road operated increased
it was nearly eighteen times as great.
West
Virginia
been
has
there
while
761 in 1889, and we are told that
and also in South Carolina the increase
an economy in labor, it has not been as marked as that In Mississippi
that of the whites.
outnumbered
As was the
of
blacks
developadministrative
and
mechanical
resulting from
in case in 1880 these States, together with Louisiana, were
required
employes
of
number
the
Taking
ment.
colored race constituted more
"conducting transportation," which number was 398 the only ones where the
population.
the
Indeed, in most of
half
of
than
one
per 100 miles of line in 1889 against only,382 in 1880,
section
the
numerical
predominance
this
of
tons
in
States
the
it is found that there was one man to every 1,380
become
very
great.
A comparison
has
race
but
white
of
the
in
tons
1880;
1889, as against one man to every 1,503
that
with
which
was existing
condition
now
more
of
the
is
comparison
the
mileage
on the basis of tonnage
the
great
"institution"
of
slavery
was
when
for
miles
in
1850,
ton
were
90,961
there
1889
favorable, for in
Take
Kentucky,
for
section,
is very instructive.
pasthe
In
the
in
IgSO.
but
88,234
against
man,
•very
In 1850 the colored population of that State
senger service the results are still more satisfactory, example.
man being required to every 4,039 passengers was but 51,000 less than it is now; but in the meanMissouri has
in 1889 against one to every 3,350 in 1880, and the pas- time the whites have increased 824,000.
population
in
million
whites
to
its
senger mileage being 60,583 per man against 54,863. added almost two
only one
an increase of only
These are the most striking
a whole, for in the latter case the average cases of a tendency which almost everywhere is more or
The New England roads employ considerably more
men in relation to miles of line than do the United
States roads as
number per 100
England
roads,
miles
is
we have
only 459, while for the
seen,
it is
New
much
interest to those
who make
The enumeration
a broad
of the popu-
country shows that during
the decade just expired, as in every preceding decade
since 1830, the number of white inhabitants has increased at a more rapid rate than that of the colored
lation of that part of the
race.
From 1880
It
may
be interesting to classify the
it may be geographically, we find that Misand West Virginia have more thau 90 per cent of
whites; Delaware and Kentucky between 80 and 90 per
cent; Maryland, Tennessee, Arkansas and Texas more
than 70 cent; the District of Columbia, Virginia and
North Carolina more than 60 per cent; Georgia, Alabama and Florida between 50 and 60 per cent; and
South Carolina, Mississippi and Louisiana below 50 per
whatever
study of social and political questions. This bulletin
gives the numbers of the white and colored inhabitants
of the Southern States.
less observable.
Leaving out
and blacks in their total population.
Kansas, which is not properly classified with the South,
the most recent Census bulletins furnishes in-
formation of
64,000 colored people.
States according to the relative proportion of whites
761.
THE COLORED RACE.
One of
forty years, but there has been
souri
cent.
AVhile the political importance of the negro has been
very greatly diminished by the action oE the white
people of the South, who have regarded it as intolerable that they should be goveined by the most ignor-
to 1890 the rate of increase of whites
was 34*67 per cent, that of the blacks 13 '90 per cent.
Extending the survey over the whole period of sixty
years the numerical increase of the white race in the
ant class in the community, yet it is satisfactory to
South has been 13,307,447 and the rate 360-8 per cent, find that his power is likely to be curtailed hereafter
while the numbers of colored people have increased but not by any violent or coercive measures, but by the
4,808,631, or 220-8 per cent.
The South, for the purposes of this bulletin, includes not only the District of
natural course of events. It may almost be said that so
far as politics are concerned, the race problem will
In many of the Southern States the colsettle itself.
Columbia and all the so-called border States, but also
Kansas. Within the area thus described were found ored man may still, in certain cases, hold the balance
fifteen-sixteenths of all the colored people enumerated of power, but he will soon cease to have the numbers
in the recent Census.
which would entitle him in any event tp the mastery.
The general fact thus brought to notice is certainly a We think it will probably surprise many readers to
remarkable one, and at first sight seems to be at know that in Texas, for instance, there are but fifteen
variance with the common experience that in any com- counties out of 235 where the colored population outmunity it is the poor, the wretched, the improvident numbers the white. In North Carolina there are but
and reckless class which breeds and increases at the fifteen
blacks
of
96 where the
counties out
greater rate.
But doubtless there are two considera- are
two
but
Maryland
in
majority ;
a
in
tions that will serve to explain the phenomenon, and
counties
ten
Florida but
in
out of twenty-five
make the result of the count easy of acceptance. If out of forty-five, and in Kentucky there is not one
the birth rate among the colored people is higher than
county where the whites are not more numerous than
that of the whites, as it probably is, the death rate is
It would be melancholy indeed if
the colored people.
also higher.
Moreover, a very appreciable part of the race problem were to be solved by the extinction of
the white increase at the South during the last ten
that people which finds itself in the unfortunate posiyears was caused by an influx of population from witlition of nominal equality but of actual inferiority. But
out. This is shown by such percentages of the increase
The race increases in numberCj
that is not the case.
of white people as those of Kansas 44-4; Texas, 45-4
but at a slower rate of growth than the white race.
;
and Florida, 57-4, which, although not impossible of Moreover, this is the case, as the Superintendent of the
jjourse, are quite beyond any normal rate of growth
by Census points out in the bulletin from which we have
strictly natural increase.
collated these facts, in those regions where the condiWhat is true of the South as a whole is true of it tions are most favorable to the colored race. We have
also in detail.
There are but three States in which the not the figures as yet which will show whether the
negroes show a larger percentage of increase than the negroes have increased at all in the rest of the country
;
'
;
Apul
but
it is
THE CHRONICLK
99, 1801
certain that the actual rate of increase
is less
extreme South.
The social question will remain, whatever may become
Wo have a body of more
of the political question.
than seven million people as different in temperament,
in intellect, in modes of thought, from those of the
in the Border States
tlian in the
What
ruling nice, as their skins are unlike ours.
them
bo done with
better things
How
?
How
?
is
to
are they to be guided to
they to adjust themselves
social relations with the
prospective extinction of the people
are
ultimately to
their changed
white race?
The
would give those questions a melancholy importance.
That, however,
the race
is
not to bo feared
gravity so great that
and
and the
;
invests this
increasing
is
fact that
problem with
a
a worthy study for statesmen
it is
social philosophers.
%oah. %otict8.
Sir Robkrt Peei.
&
By
Justin McCarthy. M. P.
Nevr York:
Babfek
Brotuers.
It was bardly to be expacted that Mr. McCarthy would give
us so interesting and attractive a book as Froude's " Beaconsfield," or as Dunckley's " Lord Melbourne."
Great as he undoubtedly was in his day and generation for many years the
most prominent of English statesmen, and looked up to and
revered by the Tory gentlemen of England as no leader had
been before, as no one has been since Peel was not so manyBided as either of the two men named, and he was wanting
in those magnetic qualities which gave Beaconsfleld power,
and in those free and easy ways which lent a kind of a charm
to Melbourne's character.
Peel was nothing if not dignified
his qualities were all of the lofty rather than of the shining
order and he was facile princeps the representative of that
—
—
;
;
stem and unbending Toryism whioli was more
century than
earlier years of the present
was not one
of those
men who command
pathy of the public.
It
to-day. Peel
the affection or sym-
was not because he was wanting
those qualities himself, but because
He commanded
in favor in the
it is
lie
in
hindered their expres-
and reverence, but not affection.
Yet there was enough in the character and career of Peel to
justify the hojie tliat the author of " A History of our Time"
would give us a book which would be in every way worthy of
the series to which it belongs. Mr. McCarthy has not come
up to our expectation. He has not done himself justice.
Recent events may help toward an explanation. There is
some evidence that the book was well in hand when he was
forced by circumstances into the position of party leader.
But there is also evidence that it was finished when cares were
multipUed, and when other matters were occupying his time
and attention. There are omissions and signs of baste here
and there toward the end and all over there is evidence
that final revision was defective.
He speaks of Lord
Stanley when the subsequent wearer of the title was only
Mr. Stanley; and he writes of the suicide of Lord Castlereagh
when he must have known that for years before that lamentable act he had become the Marquis of Londonderry.
It cannot be said, however of Mr. McCarthy that he lacks
sympathy with his subject. His study of the great statesman is at once sympathetic and appreciative. But we have
too much of the politician too little of the man.
His opening paragrapli embodies a generalization wliich, wliile complimentary enough to Peel, is of doubtful truth.
"Sir
sion.
respect
;
,
—
Kobert Peel," lie says, "stands high in the line of succession
to Sir Robert Walpole— that lino of succession in which
William Pitt the younger stood, and in which Mr. Gladstone now stands. These men liave nothing to do with the
627
must be regarded as an Oriental Power,
crlass
To
tho Walpole
Sir Robert Peel distinctly belongs."
.Some of the subordinate statemcnti in this parajpnph are
enough ; but opinions will difTor as t(j the accuracy of
the general conclusion and of the distinction which Is drawn
l>ctweon the one claaa of statesmen and tho other. It is quite
true that Walpole and Orey and Melbourne and Peel and
Russell and Gladstone have been more identified with domentio
than with foreign questions, while on the other hand the
names of Bolingbroke, Pitt, Canning, Palmerston and
Beaconsfleld are more conspicuously a.ssociated with foreign
affairs.
But the question is pertinent in every individual
c.ise whelher the times and circumstances determined the
policy, or the policy the situation. The prominence of foreign affairs in British policy has, as a rule, been determined by the necessities of war or by complications
liable to lead to war
and there can be no doubt that
some of the men named were better qualified for the management of affairs in peace times than in timas of war.
Mr. Gladstone, with all his ability, has never been- successful
in the management of foreign affairs.
It may be from want
of taste. It may be from want of fitness. It matters not
The fact is patent.
which.
On the other hand, it was In
foreign work that Palmerston and Beaconsfleld were most
completely at home. It is not so clear what were the limitations of Peel. That he was great and efficient in the management of home affairs is beyond question; but the times and
circumstances gave home questions the predominance, and
we are forbidden to say to what a height of greatness he might
not have risen in other lines of political work if the opportunity had been offered and the needed pressure applied.
Mr. McCarthy gives us quite a pleasing sketch of the Peel
family. The name was originally spelt with a final e, and for
several generations there had baen Peels and Sir Robert Peels
more or less prosperous manufacturers in and about Blackbum, Lancashire. His father was a Tory and the first baronet.
The statesman was his eldest son. He was born near Bury,
Lancashire, February 5, 1778, and was educated at Harrow
and at Christ's Church, Oxford. At both places he won distinction at the latter place taking a double first-class.
At
Harrow he had Byron for a school-fellow. His education
completed, he found a place in Parliament in 1809 as member
for the Irish borough of Cashel. He made his first speech in
" It
reply to the address from the throne in February, 18 tO.
(correct
;
—
who was present in the House
the occasion. But the personal presencOp
the voice, the manner of delivery all being in his favor,
the speech was successful. He was soon in office. In 1811
he was made Under Secretary for the Colonies; and from 1813 to
1818 he was Secretary for Ireland, where he distinguished
himself by his devotion to work, and where, in consewas a
of
little
cold," says Guizot,
Commons on
quence of his pronounced anti- Catholic spirit, he was
nick-named " Orange-Peel."
During this period he waa
brought into stormy altercations with O'Connell, whom he
challenged. The duel was prevented by lbs interference of
the police. In 1817 he was elected member for the University
of Oxford; and in 1819, although not holding any Govern*
ment office, he sat as chairman of that committee which reestablished specie payment in England and confirmed tixtt
gold standard. On the retirement of Lord Sidmoutb, Ped
became Home Secretary a post whijh he held for several
—
consecutive years.
In 1828 he joined the Ministry under the Duke of Wellington, becoming his right-hand man; and having by this time
come to the conclusion that something must be done in the
shape of justice to the Roman Catholics, he moved, much to
the indignation and regret of a large part of the Protestant
statesmanship which comes in the line of succession to
Bolingbroke. A statesman of the Walpole school must be a
sound financier he must always be in earnest, and he must
concern himself more readily and naturally with domestic
interests
than
with
foreign
affairs.
Some English
community, the Catholic Relief Bill.
Stormy scenes
were witnessed in both Houses of Parliament, and, indeed, all over the country.
But Peel was firm, and
after an arduous struggle the bill was passed in 1839.
He was Prime Minister for a brief period in 1831; and ha
was hindered from accepting office by the bed-chamber difficulty in 1839. In 1841 the situation was ripe for Peel and
the general election which then took place gave him a strong
politicians
majority in the House of Commons.
;
of
great
ability
and
of
great
patriotic
;
He
held ofRae
till
184«,
have always held that the business of Engli.«h when having accepted Cobden's principles, and having passed
statesmanship was, properly, more in foreign affairs than in the bill rejiealing the duties on grain, he found it necessary to
domestic work, seeing that England has dominions scattered retire. His last five years of office were fruitful in legislation.
over all parts of the world.
One of our modern Prime In addition to repealing the com laws, he relaxed and imMinisters Lord Beaconsfleld—argued gravely that England proved the whole commercial code, passed the Bank Charter
sincerity
—
"
1
.
THE (^imONICLK
628
of the country on a
Act, and placed the financial condition
about by a
basb firmer than ever before. His death, brought
felt to be a
universally
was
Park,
Hyde
in
horse
his
faU from
one of
and
him,
mourned
great public calamity. The nation
in the House of
delivered
Gladstone,
Mr.
foUowers,
ablest
his
echoes
on the deceased statesman a eulogy the
IMPORTS.
which are not yet wholly silent.
said, was one
Peel, it will be gathered from what has been
and who are
of those men who are ever open to conviction,
his connever afraid to risk reputation in giving eflfeot to
was his greatest
victions. That he could change his mind
time to time convirtue. That he did change his mind from
greatest fault.
stituted in the estimation of his enemies his
clearer
Under
Emancipation.
Catholic
to
opposed
was
He
opposed
was
He
Emancipation.
light, he granted Catholic
he accepted all the
to the Reform Bill. Under clearer light
was opposed to
He
measure.
that
in
principles involved
repealed
the repeal of the Corn Laws. Under clearer light he
that he
think
able
to
be
to
pride
his
it
made
those laws, and
had cheajened the people's bread. McCarthy concludes:
" Peel's claim to the highest form and order of statesmanship
like
tricts AND
Ports.
Baltlmore.Md.
Boat. * Charlest'wD.Mass
BuffaloCk.N.y
Champl'n, N.Y
68.822,001
552,938
1.656,218
55.f.006
10.',87.139
18.5711.425
1,869,1 8«
1.B91.041
2,356,177
22.6^6
396
289,878
l,2i8,iW9
88,oK:J
ibo.682
119.385
92.8e«
B.171
2,0S7.43l
0,749.83;
4^1,618.071 28,874.475
+2.595
:<HU.134
974..«i7
85
NlaKara. N.Y..
Nort'k,&c.,Va.
Oregon, Oreg..
Portld.&c.Me.
St. Louls.Mo.'
42.1SI
159,290
14
5,240.639
95.' 67
249,578
San Dlego.Cal.
6.:»75
Oswega'le.N.Y
Oswego, N.Y..
Phlladel'a, Pa.
70.531
85,626
40
3,211,075
853,12)
15,995
San Fran.,Cal. 6,873.683 4.289.S6S
35,857 2,003.608
Savannah, Ga.
283.943
415,374
Vermont, Vt.
797.612
1111,813
Wlllamette.Or
613.228
4^3
Wilmrg'n.N.C
Totalf,
1,330.670
1
(Inall
683,737,391
$31,343,519
Remaining In warehouse March 31, 1890
33,9,1,212
Remaining In warehouse March 31, 189 1
transported
without
merotiaucllae
can
ha
Interior porta ti) whioh
appraisement, under act of June 10, 1880.
means
of
collecting
providing
the
law
of
t Incomplete In the aosenoe
the statistics of exports to. adjacent foreign territory by railroad oars
and other land vehicles.
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.
The
:
1.311,181
13.323.695
1,872,299
3.516,254
2,111.652
5.583.428
38,247
1.123.937
1,256.218
342.694 32,1.39.415 23,839,008
481.279
664.651
587,583
10.283
38,450
1.216.n3f
940.413
1,143.8 V)
1.081.842
3.1Hrt,04i
89.921
74.270
3.018.366
11,639,560 10.3«2,04» 89,782.623 97.351.118
404,163,481 3T8.S74,-<!45 281.634.088 262,6«2.830
2,734.99+38.830
3,109.914
+71,509
7H.S50 16,092,918 13,199.878
75,046
263.996
7*9.731
6S.579
1.876,116.
1,8'1,899
1,373.754
1.110,885
1,761,071
3.036. l'S2
1.117.933
2,673,154
945,084
89.541,696 37,933,3H2 24.500,78« 26.199.382
507.655
332.682
2,197.141
2,455,906
2.S2'1,299
2.297.48i
313.421
310.524
205,715
36,703,715 37,492.010 29.995.87a 29.290,167
384,0
80.619,680 29.107.845
888,367
2.2<1.33-'
1.54 '.002
3.8»',878
6.158,057
B59.17M
S..")S1.9l2
2.465.174
737,410
189,4-5
136,548
8,198.313
8.628,544
oth'r DlRtH.l 77,605.669 r5,316.417 818.156,398 671,835.2S7
of Statistics has issued its detailed statement of
foUowB
42,960.341
4.496.053
2.714.273
100.727
clndlng
1890, as
49.408,378
4.16 i,9S»
2.753.270
8a2,S»l
11,702.380
2k!l,7!j0
Sii>
likely,
and
i(6.042
164.1100
Tex
New York,N.¥
54.890.386
380.911
7.602.»43
Duluth, Minn.
Mobile, Ala.
New Orl'ns.La
55,631,284
7,111,087
Detroit, Mich.
had he been put on.
To have proved most royaUy.'
31, 1891
1890.
50,766,193
]«7,169
1,520,018
31.
t
9,605.997
7,600,.XI0
!f45,3*5
Mllw'kee.Wls
Mlnn's'a.Mlnn
March
1891.
1,520,963
,520,
879,261
Oalvest'n,
& months ending
81.
13,070,216
Chicago, III
Cincinnati, O.*
the foreign commerce of the country for the month of
March, 1891 and 1890, and for the three and nine months
ending March
Bxporta.
Charlest'n, S.C
IMPORTS AND EXPORTS FOR MARCH.
The Bureau
9 mont\» ending
t
that
He was
1891.
March
Import*.
Hamlet's claim to the soldier's music and the rights of
'
March,
OusTOHs Dis-
of
war—the claim
LIL
[Vol.
IMPORTS AJID EXPORTS BY PRINCrPAL CDSTOMS DISTRICTS.
Commons
is
5
.....
details of the imports
and exports
of gold
and
silver
9,295 ,706
through the port of San Francisco for the month of March
have been received this week and we present them below, in
conjunction with the returns for previous months of the fiscal
year 1890-91. The imports of gold during March have been
decidedly light only $45,725—and the amount of silver
received is less than the average. The exports of gold for the
month have also been umimportant in amount, the aggregate
of coin and bullion being only $73,163. Of this total $50,000
went to Honolulu, $13,993 to China ($320 of this bullion) and
$8,850 to Central America. The shipments of silver were
heavier than in either January or February and were distrib-
$72,625,922 $218,314,816 $683,737,391
67,170,507 193,652,430 571,835,287
Imports
Excess of exports over imports $5,455,415 $24,662,466 $111,902,104
Excess of imports over exports
uted as follows: $183,400 bars to Bombay, $180,000 Mexican
dollars to Japan, $140,328 Mexican dollars to China, $1,560
Peruvian soles to Mexico and the remainder, $33,195, mainly
UEKCBANDISB.
For
Forl?ie9
FOrthe 3
Monttu endec Months ended
March 31.
3larch3l.
the
month of
March.
$74,435,121 $230,012,885 $681,648,^50
8,270,.'>34
2.809,840
881,296
$75,316,417 *•/32,822,72.^ $697,919,084
77,605,6€9 205,886.124 618,156,298
Imports
$26,936,601 $79,762,783
Excess of exports over Imports
Excess of Imports over exports $2,289,252
1891. -Exports— Domestic
Foreign
Total
.
1890.—Exports— Dome«tlc
Foreign
-L
$71,566,599 $215,511,795 $674,441,68^
l,059,32i|
2,803,101
Total
—
Ain>
1861.—Exports—Gold— Dom...
$4,903,220
252.516
$5,155,736
$1,505,070
566.170
$2,071,240
$7,226,976
Imports— Gold
$614,170
BUver
1,049.668
Total
$1,663,838
Excess of exports over Imports $5,563,138
Excess of imports over exports
Foreign
Total
Silver— Dom
Foreign.
Total
Total exports
1890.—Exports— Gold— Dom
Foreign
Total....
Bllver—Dom
Foreign
Total
Total exports
Imports— Gold
SUver
Total
zeeas of exports over imports
BVLUOH.
$8,935,293
959,835
$9,895,128
$3,526,029
1,786,711
$5,31i,740
$15,207,868
$2,577,:-i92
3,315.287
$5,922,679
$9,285,189
$1F9,2S3
$780,742
1,267,541
$1,456,824
$2,114,828
1,006,818
$3,121,646
$4,578,470
$1,622,432
1,190,742
$2,813,174
$1,765,296
2,307,741
$3,08^,4?3
$6,226,767
2,347,289
$8,574,066
$11,662,549
$4,158,702
3,732,829
$7,891,531
$3,771,018
Central America.
soles, to
Peruvian
OOLD AKD SILVBB—COIN
March and the nine months
is as follows:
IMPORTS OF GOIJ) AND SILVBB AT SAN FRANCISCO.
The exhibit
$24,466,954
1,330.392
$25,797,346
$11,586,067
6,419,733
$18,0U5,800
$43,803,146
$17,517,640
14,9»7,>'74
$32,485,514
$11,317,632
July
August
. - - -
Septemb'r.
October
. .
November.
December
January.
February.
.
15,
123.3J9
1890-91.
\
$
50,245
143.304
200,926
372,984
1
73,831
72,845
31,922
35,840
21,288
Bullion.
Total.
$
212,125
357,085
401,699
663,930
306,512
386,377
224,614
242,843
228,494
$
161,880
213,781
200,773
290,946
232,681
313,532
192,692
207,003
207,206
GOLD AND SILVER FROM SAN FRANCISCO.
OF,
SILVER.
GOLD.
Coin.
Button
Total.
Coin.
Bullion.
Total.
I
345,054
496,915
321,866
336.278
548,217
92,709
345,054
496,915
102,991
321,866
102,875
336,278
160,354
171,981
500,217
236,883 1,15>',805
177,478
297,373
286,168
98,628
73,163
303,983
183,400
286.168
487,383
Tot. 9 mos. 1,204,177 12,885 1,217,062' 4,046,659
231,400
4,278,059
Pi^ouetavijiCPonxnicvclal ^uflltsh
^evos
July
$15,207,142
. .
November.
December.
January.
February.
... $80,843,411 $212,474,207 $725,711,571
Foreign
1.699,V82
5,556,386
16,020 ,659
Total
$82,543,393 $248,030,.593 $741,722,230
Imports
9,269,507 211.808,803 650,641,812
Excess of exports over Imports $3,273,886 $36,22 1,790 $91,080,418
Excess of Imports over exports
$
26,592
2S,074
56,481
550,981
76!.,768
717.0''6 51,682
2,303,496 54,641 2,358,137
977,671 41,057 1,018,728
623,656 45,369 669,025
489,210 37,738 526,948
248.604 16,570 265,174
45,725
26,-508 19,217
MONTHS.
August
1891.— Exports— Domestic
Total.
$
1,482
495,500
EXPORTS
Septemb'r.
October
TOTAL MERCHANDISE AND COIN AND BULLION.
Bullion
Onin.
Coin.
Tot. 9 moe. 5,883,213 318,347 6,231,560 1,003,185 2,020,49413,023,678
$26,821,51.6
Excess of Imports over exports
SILVER.
GOI.D.
MONTHS.
1890 91.
March
$9,061,107
3,141 ,043
$12,202,150
$20,567,305
9.259.283
$29,82 j,588
$42,023,738
$ll,798,t57
for
March
91,870
100,566
99,795
159,814
171,026
233,033
176,602
98,628
72,843
8.39
2,425
3,080
510
955]
3,850,
876
320
48,000
1,158.805
297.373
•;
1890.—Exports— Domestic
.... $73,870,710 $222,519,304 $704,070,097
Foreign
3,333,682
7.458,141
21 .606^)02
Total
$77,204,392 $2-^9,977,445 $725,766,129
Imports
69,983,681 201,543.961 698.>5K.8-3
Excess of exports over Imports $7,220,71
$28,433,484 $127,109,246
Excess of Imports over exports
[From our own correspondent,)
London, Saturday. April li, 1891.
The payment of the interest on the national debt on Monday and Tuesday reduced the Government deposits at tlie Bank
Three millions sterling
of England by 4}^ millions sterling.
were paid back to the Bank of England in discharge of loan*
THE CHRONIOLR
Al-HIL 26. 18U1.]
previously obtained, and a million and a-haU sterling was added
to the Iraiikors' lialances at the Bank of England. This caused till
yesterday afternoon a decline in the rate of discount in the
629
The intention appears to be to re-organize the whole bank'
ing ayatem of the country. The Finance Mioiater hurt year
offered to assume in the name of the nation the debt* of the
open market to about 2 per cent; but the feoling in the provincea if the provinces would hand over to the Governmarket seemed soon to turn against further decline. The ment the several State banks. The offer was rejected, thfl
stock of gold held by the Bank is under 22 millions sterling. strongeat opposition coming from the Provincial Bank of
Tliere is still a demand for the metal for Germany and South Buenos Ayres. The Provincial Bank, however, was inaolvent.
America, and it is feared that a Spanish demand may also It will be recollected that a few weeks ago the National Government bad to suspend business for five days running, and
spring up.
The difficulties of the Spanish Government have compelled it to raise an internal loan of 41 million dollars to stop the
to borrow so largely from the Bank of Spain that the latter run upon the Provincial Bank and the National Bank. It was
has now issued almost the whole of the notes it is authorized hoped that that loan would save the two banks, but apparto have in circulation. The Government proposes to fund ently it is found that their as-sets are not sufficient to justify
part of its floating debt, and at the same time to authorize the the advances that were required. The Government has taken
Bank of Spain to increase its note circulation, provided it advantage of this to suspend payment of the de{>osit8, whereby
lends six millions sterling without interest totheQovemmen(, the charters of both banks are forfeited; and the Government
and holds a third of the notes in coin and bullion. Ic may mtends on the meeting of Congress to propose an amalgamahold either silver or gold; but the fear is that it will draw tion of the two banks, substituting for them a new Bank of
u)>on this market for gold. Furthermore, distrust still con- the Republic. The fresh capital required is to be in the form
tinues, the state of South America is disquieting, and of preference stock, and it is said that German capitalists.
there are some apprehensions respecting both Paris and have offered to subscribe the whole amount if they get at
Berlin, especially Paris, where several banks are embarrassed sufficient representation on the board of the new bank.
It is reported that the Governor of the Province of Buenos
and it is feared further difficulties will be disclosed. In spite
of the fact, then, that the supply of money was so abundant Ayres has agreed to the measures of the Government in regard
that short loans were freely made at 1 per cent, the bill- to the banks, and that the policy is likewise supported both
brokers and bankers h.eld out for 2 per cent discount and were by General Roca, the Minister of the Interior and head of the
not very willing to increase their business even at that rate. Provincial Party, and General Mitre, the popular Bueno»
Late yesterday, when it became known that £200,000 in gold Ayres candidate for the Presidency. As the Government and
bad been withdrawn from the Bank for Germany and that an the opposition party and the Governor of the Province of
equal sum is going to-day, the rate rose to 2^ per cent.
Buenos Ayres are all in agreement, it is hoped that there will
The silver market has given way once more this week, the be no political disturbance, and that the decree is the first
price having fallen on Thursday to 415^d. per ounce. There is step towards a reorganization which will place the banks
no demand for the Continent, and the Indian demand is very firmly on their feet. Now that the meaning of the decree i»
small for this season of the year; in consequence the market coming txj be understood here, a better feeling is springing up;
is entirely controlled by the movements in New York.
but everyone recognizes at the same time tliat a long time
At the fortnightly settlement on the Stock Exchange, which must elapse before the policy of the Government can be carried
began on Wednesday morning and ended last night. Stock Ex- out and confidence restored. In Uruguay the crisis is nearly
change borrowers were able to obtain all the accommodation as bad as in Argentina. Uruguayan securities of all kinds,
they wanted at from 2J^ to 2^ per cent, and rates within the consequently, are greatly depreciated, and there is much disStock Exchange were again very light. In the American mar ke quietude as to what may happen. The civil war in Chili goes
they ranged from about 3 per cent to 4 per cent. They were on, and though it appears that the Presidential party is losing
even lighter in other departments, and the whole evidence ground, it is still doubtful how long the struggle may last,
afforded by the settlement is that speculation is still unusually lu any event, it is clear that the waste of wealth must be
The
American Railroad
in the debt serious. In Brazil political
maintained, but speculation seems to be running
securities has caused
great,
and the increase
business to be somewhat more active than it has been since
the end of the summer; but the general public still holds
aloof, and even professional speculators are operating only
order
is
small.
rise in
rampant.
The Board of Trade returns for March are more satisfactory
than was expected.
The value of the imports shows a
decrease of 2}>^ per cent compared with March of last year,
but the value of the exports of British and Irish produce and
manufactures shows an increase of 8 per cent. For the first
is disquieting, and as said already there is some apprehension
quarter of the year there is, however, a falling-off in the valuerespecting the Continent.
The Paris Bourse particularly of the exports of about l}4 per cjnt, and in the value of
appears to be in a very unsettled state. There has been a imports of 2^ per cent. At the same time it is to be recollarge speculation and several of the Banks are embarrased. lected that it is difficult to compare accurately either the
There is even doubt expressed in regard to the maintenance month or the quarter. The Easter holidays fell in March thisof peace. Once more rumors are circulating that the Russian year and in April last year; and it will be recollected that all
Government is massing troops on the Austrian frontier, and business was practically suspended front Thursday evening to
at any moment there may be a revolution in Bulgaria. The Tuesday morning.
Against that, however, is to be borne in
market for international securities therefore is weak.
In mind that last year the Liverpool dock strike disorganized
home railway stocks the tendency is downwards. During the business in March. Making as much allowance as is possible,
week there has been a very heavy fall in Argentine securities it seems clear that the crisis through which we have passed
of all kinds; the bonds of the Province of Buenos Ayres have has not affected business so seriously as was feared; still the
faUen nearly 10 points, and even the national loan of 1886, the market reports and circulars are by no means thoroughly
interest of which is payable in gold according to the contract satisfactory.
Ship-building, which began to fall off at the
with the London Committee, has given way fully 2. There is, beginning of last year, is now very seriously affected; the old
however, a better feeling in the South American market at orders are nearly all completed and few new orders are coming
the close of the week than there was a few days ago.
in.
It is feared therefore that large numbers of work people
On Wednesday the Argentine Government issued a decree will have to be dismissed. In the iron trade generally, there
guaranteeing the payment of the deposits in the national and are also complaints that business is very slack, and in the coal
provincial banks, but suspending payment of the deposits by trade a movement is beginning for the reduction of wages.
the banks till the first of June. Deposits of the amount of
The International Miners' Conference which met in Paris
$100 in paper may be paid so as to prevent the poorer classes last week professed to represent about a million of ooaf
from suffering too seriously; but depositors of larger amounts miners in the United Kingdom, France, Germany and Belmust either accept internal bonds or wait for their money gium; but th-t really organized members do not appear to
until June. The decree has been very well received in Buenos have exceeded much more than half a million. The business
Ayres, as is shown by the fact that in a single day the premium of the Congress was to decide whether there was to be an
on gold fell to 230 per cent, and depuUtions from the Stock international strike in May next. Afccr a long discussson it
Eichanj;e and the mercantile community congratulated the was determined to avoid a strike, but to urge upon the several
President and the Finance Minister on the decision they had governments the necessity for negotiating a convention which
upon a very small
Possibly they
may
recover courage
if the rise continues, but that is doubtful, for distrust is very
general here still. Thefe is a great lock-up of Capital in
depreciated securities. The state of affairs in South America
oome
to.
scale.
should
fix
the working day at eight hours.
The repreeenta-
:
.
THE CHKONICLE.
630
tiyes of the Belgian miners declared at the same time that the
Belgians would strike in May, whatever the consequences, and
the other delegates promised pecuniary assistance.
The long drought has at length been broken, and there have
been two or three wet days this week but the weather still
continues very cold [for the season of the year, vegetation is
extremely backward, and the crop prospects are unfavorable.
Below we give the total figures of the imports, exports and
;
re-exports of March, in comparison with the corresponding
period, together with those of the two previous months of the
[Vol.
Arrivals— Australia, «35,000; Natal, £6,000 China, X38 £5,000; Klver Plate, £5,000; West ludlos, £24 000'
£113,000. Slilpments-To India, 3d and 9th inst., £32.500.'
Silver—The market has sliKhtly weakened during the week, in spito
of special orders being in force. To-day the price is steady at 4458d
Arrivals— Australia, £3,000; West Indies, £6.000. Bhlpmonts-To Calcutta, 3d April, £2(1,000; to Bombay, 3d April, £176,910; to Bombay
'''
9th April, £131.000.
Mexican Dollars— About £24,000 has arrived from Vera Cruz; prices
are still quoted I'jd. imder bars. Arrivals— From New York, £7 000
Shipments—To China and the Straits, £13,000.
last year.
000;
;
New York,
total,
The following shows the imports
of cereal produce into the
the thirty-one weeks of the season
compared with previous seasons :
Kingdom during
United
ye»r.
of import trade is as follows:
1890.
Difference.
1891.
IMPOBTS.
1889-90.
31,136,763
10,550,893
7,740,259
1.154,933
2,038,734
21,538,476
10,386,489
The comparison
£
Imposts.
33,741,082
33,311,354
35,253,058
38,143,350
31,018,842
36,140,331
3 montha.... 102,269,695
105,291,616
January
February
HSTOb.
The following
Per
Of.
£
s
—4,402,768
'
"
'
+2,292,512
887,275
—
-2-87
—3,021,921
the exports of British and Irish
table gives
1890.
1891.
£
EXPOETS.
January
February
March
3 months....
£
£
21,586,752
21,084,228
20,067,022
—1,752,437
— 613,607
+1,596,356
-8-11
-2-91
61,908,314
62,738,002
—
— 1'22
January
February
The
and
colonial produce
1891.
1890.
£
£
769,688
were as follows
6
•
13 3
•
20 3
87 3
Apr. 1 3
•"
11 3
-8-20
—390,149
+492,708
—391,644
-019
16,187.475
16,476,560
-289,085
-1-75
money have been
Bank
JC
M«r.
Ct.
£
Interest allowtd
for depostU by
Trade
Bills.
+ 9-17
as follows:
Ovtn MarkU Bates.
1
Per
Difference.
Bills.
ITst
J>iac't
Joint
Three
Four
Six
Ihree
Four
Six
Stock
Months Months Months Months Months Months Bank*.
At
7 to 14
Call.
Days.
- ii®^2X®^ 3 ® — 3k®- 3'4®aH ~jr
il4& - 2«® - 2«® - 3 ®3M 8 @S« 3 ®3H
Ik
2?6®- 2«® -,2H<St - 2«@- 3 @3H 3 ®3« Ik
2?^ - 2H® - 2H® - 2«®S 3 ®3k 3 ®3}i Ik
2M® - 2^® - 2X® - 2H®3 3 @3ii 3 @3Ji Ik
2 ® - 2k® -'2J4® - 2«®3
2«@35i 3 ®S^
Ik
2«2
1890-91.
1889-90.
66,502,526
Total
1890-91.
Average
Average
—
2k-2k
2
2k-2k
2
2k-2k
2 2k-2k
2 2k-2M
Ik 1«-1«
price, week
368.
price, season.. 32s.
Bales of
Interest at
Paris
Berlin
Bank
Bank
Open Bank Open
Rate. Market Bate. Market Bate. Market
W
l^amburfr
Frankfort
8
~m'
3
3
2%
2H
2«
2«
2H
3
Amsterdam ....
3
Brussels
Madrid
Vienna
St.
Open
March
27.
Petersburg,
^penhagen
3
«
nom.
i
8k
6k
Sk
i
m
3
2k
3
3
3
3
3
2?«
3
2«
294
Open
Bate. Market
~2H'
3
3
3
2jr
2k
2k
2U
2H
2H
m
3
3
nom.
4
nom.
4
nom.
3H
4
3H
4
4
6k
3k
4
6k
3k
3k
3H
Sk
Sk
3k
20.
2«
2«
2H
2H
2H
3
4
4
Bank
3k
3
3
3
."Jk
74,010,274
1889-90.
53.
7d.
8k
293. Sd.
298. lid.
Last week.
2,311,000
453,000
338.000
This week.
qrs. 2,280,000
Flour, equal to qrs. 442,000
ars- 401,000
Maize
Wheat
68,611,095
1888-89.
1887-88.
27,34'',993
11.790,631
26,662,631
65,801,255
1887-38.
30s.
31s.
Id.
6d.
30s.
30s.
Od.
2d.
1890.
2,317,500
292,500
529,000
1889.
1,689,000
200,000
371,000
EnsIlsU Financial Markets— Per Cable.
The daily closing quotations for securities, &c., at London,
ore reported by cable as follows for the week ending April 34:
London.
Mon.
Sat.
Tues.
4418
447,„
95^8
Consols,new,2% percts. 95ib,j 9516,
96li«
96
96^
do for account
94-5712 94-55
Fr'ch rentes (in Parisjfr. 94-65
1104
104
104
U. S. 4>2S of 1891
124
124
124
U.S. 4s of 1907
Silver,
per oz
<J
44ifl
81'i!
63%
99 la
113%
113%
& Nashville.. 80
7514
Mexican Central 4s
N. Y. Central & Hudson. IO514
2058
&West'n!
N. Y. Lake Erie
'IO314
2d cons
do
54
Norfolk & Western, pref .
8OI4
7333
Louisville
March
1888-89.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Lake Shore
4.
2,093.9,54
1627,069
13,074 123
11,790,631
1):
rmportsofwheat.cwt.32,537,399 31,136,763 36,802,911
Imports of flour
9,600,598 10.386,489
8,754,344
Bales of home-grown. 24,364,529 32,487,022 23,053,840
2
have been as follows:
April
1887-88.
27,347 993
11.431 288
9.227 701
Supplies available for consumption (exclusive of stocks on
The Bank rate of discount and open market rates at the Canadian -Pacific
-~
81%
Cbic. l«il. &St. Paul.... 62 19
chief Contiaental cities now and for the previous three
weeks Illinois Central
99 13
Avril 11.
1888-89.
36,802,911
12,696,492
9,198,302
1,235,398
2,065,767
16,420,240
8,754,314
English wheat, per qr.—
4,779,951
5,369,507
6,327,102
rates for
hvadjon
Peas
Beans
Indian corn
Flour
+ 7-9o
4,389,802
5,862,215
5,935,158
March
.
01.
19,834,315
20,470.621
21,663,378
Blxports of foreign
3 months
Per
IHfference,
1890-91.
CWt. 32,537,399
13,199,609
7,958,390
1.179.778
1,852,195
16,028,881
9,600,598
WTieat
Barley
Oats
September
produce:
LII.
Northern Pacific, pref.
Pennsylvania
Philadelphia cSi Reading.
Union Pacific
Wabash, pref
.
National Banks.
105 14
0\
1031a
70
54%
71%
53
53
1634
161a
Iferf.
104
124
104
124
8118
104
124
81%
8118
63 14
64%
101%
lOli^
1151a
8OI4
lOlia
1151a
65 14
103
116
106
21
106
106
103%
103%
115
8OI2
75I2
IO6I4
21%
103%
55%
72%
53%
75%
80%
75%
2118
54I3
71%
48%
49 ig
I7I4
5018
20
1913
20 14
20%
—The
Fri.
81 >3
6418
53I4
17
5018
recently been organized
Thurt.
4378
44
437e
9579
9513,6 961,6
95iB,g
9515
96'r«
94-66 94-7712 94-65
511a
7213
5314
1714
81%
7518
21%
104%
54%
711a
53%
52
1718
5218
22%
23 14
following national banks
have
:
The following return shows the position
of the Bank of 4,550—The First National Bank of St. Tliomas, North Dakota. Capital,
$50,000. Edward T. Thompson, Provident William McBride,
England,
the
Bank
compared with the
-~-
rate of discount, the price of consols,
&c. '
last three years :
'"'^1
.^pr.
Apr.
8.
9.
£
24,993,785
8,148,730
S""'"*"""
Pnblicdeposits
Otherdeposlts
OOTermnoDt
Other
securities
securities
?**"'
Colnand
bullion
*Top. assets to
The quotations
7,716,465
26,623,851
9,285,992
8,883,175
30,438.384
26,093,448
25,023,083
11,337,662
15,785,847
16,959,048
17,749,712
81,719,841
21.227,177
21,907,354
20,758,839
13,'37S,'o?4
15,106,868
14.423,580
21,918,869
23,386,633
22.618,470
13,200,752
21,270.517
34k
41«
8
96 7-18
3k
134.116,000
.^ pr.fi.
Bar gold, fine
o>.
Bar gold, coutatn'g
77
20 dwts. silver. .01.
77
;»
Messrs. Pixley
during the past
3BH
3
2
98 1-16
S8k
108,156,000
130,956,000
d
9k
Apr.
I.
77
BILVEB.
2.
iondon Standard.
9.
.4pr. 2.
9k Bar
77 10k
Citizens' National Biink of Wahpeton, North Dakota. Capi $50,000. t'red E. Kenastou, President ; Don K. Daridsou,
tal,
Cashier.
4,553— The First National
Bank of Holsteln. Iowa. Capital, $50,000.
President E. U. MoCutohen, Cashier.
4,554— The First National Bank of Cordele, Georgia. Capital, $50,000.
George W. Marvin, President; Joseph E. Blvius, Cashier.
4,555—The First National Bank of Franklin, Louisiana. Capital,
$50,000. M. T. Burwell, President; H. S. Palfray, Cashier.
4,556— The Cowley County National Bank of Winfleld, Kansas. Capital, $50,000. J. N. McDonald, President; Thomas J.Eaton,
,
;
The First National Bank of Fort Benton (No. 2,476), Montana, was
on the 1 5th changed to the Northwestern National Bank of Great Fall*,
Montana.
—
Imports and Exports fob the Week. The imports of
week, compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $13,988,110, against $8,838,364 the
preceding week and $10,188,068 two weeks previou?. The
erports for the week ended April 21 amounted to §6,358,970,
against $7,801,533 last week and $5,696,552 two weeks previous.
The following are the imports at New York for the week
ending (for dry goods) April 16 and for the week ending (for
general merchandise) April 17; also totals since the beginning
last
d.
silver
oz.
Bar silver, contain-
10k
^pr.
Cashier.
4,552—The
Cashier.
149,129 000
for bullion are reported as
follows
•.
Span, doubloons. oz.
6.Ain.doubloonB.oz.
24.209,795
'
OOLD.
X^ondon Standard.
f
24,302,890
perct.
Oon»oli
0/»«rln«.Hon»e returns
18S8.
Apr. 11,
24,729,985
liabilities. per ct.
»f°*"»e
1889.
.Ipr. 10.
;
Cashier.
4,551- The Fir.'t National Bank of NapervHle, Illinois.
Capital,
$50,000. Thomas P. Phillips, President; A. McS. 8. Elddler,
UH
ing 5 grs. gold. .oz. 45
Cake sliver
Mexican dols
& Abell write as follows-
oz-
48k
oz
i3M_
<in!^rle7t^o^%ZlXt!ri^7tE[Trsa^^^^
of the first
week
in January.
.
:
.
'
Apbil
;
.
THE CHRONICLE
25, 1891.]
MBW
VOKXIOH IKPOSTS AT
TOKK.
631
—Mesara. Coffin & Stanton have iained a pamphlet gMan a
full and complete ntatoment of the Cape Oirardeau
which con.ilsts of M milea of
Southwmtem railroad
very
ror Week.
$3,007,027
10,188,441
$1,511,432
12,476,678
$8,588,658
$9,083,200
$13,231,308
$13,088,110
$47,379,327
108,054,20J
$50,040,001
109,417,433
$B3,808,539
109,273,067
$44,007,010
123.5M4.91l
6,27a,Sl 1
1,
Dry Ooods
Q«u'l uii^r'dUe.
Total
1
1801.
$2,191,408
0,891,792
$3,313,447
Tot;il
Sincr Jan,
1890.
1880.
1888.
Dry Good*
Qeu'l mefdlM.
6 week*. $155,433,930 $159,458,334 $162,631,606 $167,501,960
In our report of the dry goods trade will be found the
Imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
pecie) from the port of New York to foreign ports for the
week ending April 21 and from January 1 to date
XPOBT8 rKOM MBW YORK FOB THE WBBK.
1890.
1889.
1898.
1891.
[)rop<frty,
standard guage rood in the soiitlieaatem part of Miawuri. The
pamphlet contains an elalmrate report of an ezarainatiaa
made by a railroad expert at the instance of Meavra. Coffin ft
Stanton, who are offering for sale the 6 per cent l>nn(!<4. The
whole is.suo is limited to 11,000,000, being the rate of $10,600 a
mile. The gross earnings for the j'ear 1890 were $160,807, the
net 185,677. Copies of the pamphlet referred to can be obtained
at the offices of Messrs. Coffin & Btanton, 78 Broadway, New
York, or 47 Old Broad Street, London.
Meesrs. Watson & Qibson, bankers and brokers, adrertiae
that they issue a daily market report to their clients, and invite visits or correspondence from such persons as desire to
open accounts to buy and sell stocks and bonds.
Messrs. Coffin & Stanton will pay quite a number of citjr
and county coupons due May 1, and parties interested wlU
observe their advertisement in another column of theCHROH-
—
—
ICLB.
—Attention
caUed to the card of Messrs. von Hemert &
This firm makes a specialty of Southern
investment securities, and invites correspondence.
Total 16 ireoks. $91,947,169 $1 10.795,501 !$105,91 0,817 $109,105,210
—Messrs. John H. Davis & Co., in to-day's Cubonicle, gire
The following table shows the exports and imports of specie notice of a line of investment bonds which they now offer.
at the port of New York for the week ending April 18 and jince
Jan. 1, 1891, and for the corresponding periods in 1890 and
United States Snb-Treasary.—The following table sbowa
the receipts and payments at the Sub-Treasury in this city, aa
1889:
well as the balances in the same, for each day of the weeK.
BXPOBT8 AND DCPOBT8 OF 8PECIB AT HEW TOBK.
For the week..
$8,092,657
102,712,844
«6,156,482
85,790,087
Prey, reported.
$6,486,215
99,424,102
$6,358,970
102.716,210
is
Co., Roanoke, Va.
Balance:
Imports.
Exportt.
Date.
Beetiptt.
PaymenU.
Week.
Oreat Britain
France
$
$
Since Jan.l
Apr 18
$159,786
$1,150,000
2,100.000
159,772
Germauy
West Indies
Mcnico
Bomb America
il
Week.
Since Jan.l.
2,850
20,200
other coimtriea.
3,672,810
12,030,377
1,466,883
1,075
1,180,350
22,300
$218,090
329,7)10
$21,255
528,973
13,201
8.934
8,286
50,1)73
" 21
" 22
" 23
" 24
332,389
$38,475
$3,432,822 $18,536,581
7,."iOO
2,650,646
475,240|
8,214,351
$1,473,389
3,953,102
2,154,307
128,9.59
11,868
£xporU.
Since Jan.l.
Week.
Great Britain
Week.
Since
$500,700 $4,742,477
197,334
West Iud4e&
Mexico
Boutli America
""lii
194,076
35,025
275,300
58,885
All otlier countries..
Tot-illSgi
Total 1890
$500,831 $5,503,697
206,734
8,041,104
217,003
5,580.356
1889
""i'ii
69,6-*S
"2.366
99,083
80,575
267,131
$530,910
500,987
529,739
$2,447
39,943
44,753
Of the above imports for the week in 1891,fl5,679 were
American gold coin and $147 American silver coin. Of the
exports during the same time, |3,409,972 were American
gold coin.
New Yoek—Monthly
Statement.— I
on another page, made up from weekly
also issued by our New York Custom House.
ment covers the total imports of merchandise.
The
lirat state-
Month.
iJrii
eoodt.
lEgO-91.
1889-90.
Qeneral
MerchandUt.
Otrurai
Dry
7otaL
14,2t').70»{ 37,,289,011
81,503,719'
11,149.187
ssi.ot;
lO.OOO.Sltj
B«ptember
October ....
12,738,678
,342,K&)
49.131,332
11,793,780
,030,600
46,849,87a'
7,837,4«»
,753 .2i9
48.590,708
December..! 8,l<)7,e«
Jan nary
14,819.505
,6*7,717
S9,7M,7J6
February
.9o3.ar,6
Total.
1S."4J,3^; SS,,578,721
...
43,100,8 3«
48,613,071
10a.3aa.91nl .(»7,>»it..17~ 404.1«0.4'>4
12.052,380
44.fl.S6.883
11.793,589
12,S85,8e7
43.048,588
38.505.901
43,6.86.017
37.667.112
48.ri ).131
41.839,149
43,636,923
At New
1890-91.
I
ItSO-SO
lOU
Bertp
102
Auction Sales.— The following were recently sold at auction
by Messrs. R. V. Harnett dc Co.
Shares.
\
100
20 23d Ward Bank
20Wabaah8t.L.<fePac. RR. igJa
United
States
Trust
Co.
.810
5
|
I
Shares.
eOMo. Kan. &Tex. RB..». 13
201ie
50 State Xruat Co
|
The following were sold by Messrs. Adrian H. Muller
Son:
t
87,31 1,4«('
a?,394,187
July
17.173,523
l.'!,787,330
89.0eO.98(
81.641.187
AUKUBt
18.978.14 «
13,3114,502
8«,7S9.66«
88.833,707
31,841,8841
September...,
16,709,706
12.016,108
October
Norembor...
December..
January .,,.,,
16,091.811
l2,2<W.03e
10,164.869
11,116.009
10,704,833
16,7«4.668
10,99T.«86
38,059,531
Koyepiber...
8«.508.038j 87,717,301
December
3l.'.2ll.559
January......
32,399.948
86,506,49''
February.-..
86,438,a4(
Marcb
88.874,475
i«l,(
Point Drawbridge Co. of N. J
$5
200
25
100
200
20
225 Seymour Paper Co
40 Broadway Insurance Co.l42
•.^0
4 Jumping
6Chiin.N"ll!k.(.Miiydlv.on)ie75
10 United
.Sliitot
Trust Co... 798
,
Wtiruiifr.;.88,486,2541
4.oea an.6«»>30
Municipal Qas
lAgl\t Co. of Brooklyn.. 130'a
36 Mechanic.^ Nat. Bank.. ..203^
33 Manliattaii Company Bk.175%
ISOManliattauTriuslOo
117>a
5 Lawyers' Title lis. Co. -.100
."50 Thurlicr. Wliyland Cki.pMOO
35 Fulton
232
Klre Ins. Co
.50 New York Fire Ins. Co.. 76
SOU. 8. lire Ins. Co
140
90EaBlo
Bowery
March
Total
Shares.
Fire Ins.
Co
—
—
&
86
Niagara Fire Inaura ice. 140
Knickerb'r Fire In?. Co. 76
Providence Washii: ton
OO^g
Fire Insurance Co
Equitable Fire i M .Ine
Ins. Co.ofl'rovid'ci-, 11.1.109
197%
30 Holland Trust Co
40 Illiuols Coal &. Coke Co.
$150 lot.
Bonds.
$10,000 Mempbl.s Jt Charleston RR. 0». 1924,
J*J
lOS**
$5,000 Galv. Har. &9anAnt. _„.
KR.2d mort. 7s. 1905, J&D.
$500 U. S. Cement Co. const.
93ifl
08. l«13,Jun.,'91.eouponon$t5
$1,000 Cedar Falls & Minn.
Istconst. 78, 1907, J&J..-. 90>9
930,000 Ga. South, dc Fla. By.
l8t Os, 1927,
74
JAJ
$1,000 Shrev. & Uouaton Ry.
21
Co. 1st 08,1914. J*J
$5,000 LouUv. So. RR. 1 st Os,
1917, Sept., '90, cp.on,
MAS '&^
^.
SituMug
autX ^^^luauciitl.
Trask
BAN'KBKS.
&
Co.,
New York OUv.
No*. 16 and 18 Rroad Sircet,
PKOVlUK.NCIt. H. I-I
V:
ALBANY N. Y.
SAltATOUA.
TKANSAC-r A OKNKUAl. BANKINIJ BUSIMiMS.
All claues of Secnrltleii lln\ujlii una Sold on ConiTn«'<lt)n. Special atUathn
tlren to Inreatment tjecurltles. Direct wire to eactt omce and to PulUderpnia.
Auiut
Tjuu..
I
106
133
10»
121
iva
.V.
ieS0-eO.
July
..
.
115
120
102
i;'K
Spencer
I'Tli.
MontK
1&90-91.
.
.
81
40.210,5»fl
OnSTOMS RECEIPTS.
MenhanMu.
Month.
Beptembcr
October
101)
O.H
Nassau (Brooklyn)
90
'30
"ig
Bonds, 08
;MetropolUan(Brooklyn).. 1 >3
''3
iMnnlclpal— Bonds, 78
10
Fulton Municijial
JO
Bonds, OS
iKouiUOle
1?
Bonds, 6b
I'"*
112.747.66i 800.801.040 3^.54S.702
XPOBT8 FROM NEW YOKK.
Total
%
88,783,968
81.2S3,(»9
88,680,037
8,609,801 38.076,516
8,897,989 88,709,743
10,576,808 30,633,788
16.866.805 86,161.326
15.796.870 «5,483.i»79
15J570.193 86,066,730
,331.U8| 42.S80,7!H
13.14n,98l
Use.
%
Aasast..
I
Total.
MerchaU'
Boot*.
July
March
170
Hi)
lis
%
t
.
Bonds,
Y.)
1 Clinton Hall .Vsfl(n;iation.$01
10 Imp'frrtVtT'(lers'Nat,Bk.550
lOOPhaiiiixMiii.Co.otAiiz. t9c.p.8l»
1 Membership N. Y. Produce Ex. (all dues paid) .(!730
SO American Loan <!: Tr. Co. 1 1
10 Hetrop.Gaa L. o. of Bkn. 103
mPOBTS INTO ItBW TOBK.
.
StutnaKN.
BlU-lAifc
iWllUamsbnrg
20 Nat. Bank of Commerce. 19414
235 Ki
10 Continental Ins. Co
addition to the tables
returns, we give the following figures for the full months,
.'
Gas
Hoboken.
Metropolitan— Bonds
KM)
»«
GAS COMPANIES.
People's (Brooklynl
120
99
ICI
39
Shares.
Foreign Tbadb of
NoTomber
M
...
&
Xerne}' (;ity
$20,439
•-
|Bld. lAak.'l
117
Brooklyn a.<8-LiKht
CitUens' (las- Light
Bonds, 5h
Consollitated
Germany
Totiil
Jtt7i.l,
13.017, 3H3
13,379.131
14,142,447
8,540,3'!
8,e88,0JB
8,910,711
9,130,068
9,152,613
0,378.171
R. ^. and Brooklyn «as Securities—Brokers' Quotatioiw«
GAS CO.MPANIE8.
Imports.
Silver.
$
12,743,332
12,205,808
13,024,390
16.044,230
15,588,015
Total
Total 1891.
Tot.il 1890.
Total 1889.
Currency.
Cert's.
$
2,520,158 140,420.878
2,713,521 140.503,514
2.431. 581ll39,584. 813'
2,988,927:139,150,335
2,439,952 139,110,546
3.521,091 137,311,630
2,316,277
2,460,357
2,520,078
3.390,809
2.154.445
2,738,049
20
f-
Coin
Coin.
aotd.
,
15.833.883
18,280,590
13,888,615
ia,a80,B6a
1S.8«»,417
lm,4ee.8»o l"l5.1».886
BoMoo Mid CUcaso.
SPECIAL. NOTICES.
CyClTV BONDS AND OTUEK FIItST-CLASS INVBSVW
moots adapt«d foraaTlags' banks, trust fu^d?, aad ckreful lareatoMBta
jf ii)4ivlduaU aw made a promlnoat vw^la'T •" *" butlaas* •€
lte»«r».BL*KBBB»s. AOo., B»nk«c».of :»e»r York and BaMa. ••
oard In the columns ot the. Cimosiolb.
:
.
THE CHRONICLK
632
[Vol. LIL
Sixty Days.
Demand.
4 86
4 84 a4 3414
4 89>»
April 24.
glxjc gawfeiers' ^a^ette.
Prime bankers' sterling bills on London.
Prime commerciaV
Docuraentary commercial
Paris bankers (francs).
Amsterdam (guilders) bankers
DIVIDENDS.
name of Company.
Books Closed.
Per
When
CetU.
Payable.
Rallroado.
May
May
May
May
April
April
April
April
3
May
April 23 to April 30
2
2
May
May
May
May
Ameriosn Excliange National...
German ExobaDge (annual)
319
2>s
1
1>4
Knnks.
12
5
4
1'rast Companies.
Kings County
inix'ellaneous.
Pullman Palace Car iquar.)
United States Express
to
25 to
18 to
18 to
19 to
2 to
2 to
—
—
May
May
Interest
Periods
15
17
4>8S, 1891
4>3S, 1891.
4s, 1907
ii,
week has been one of large speculative activity at the Stock
and Produce Exchanges and to a less extent at the Cotton
Exchange. It is not often that a strong upward movement
takes place at the same time in both grain and in railroad stocks,
as a large tonnage of grain freight usually indicates a superabundance of produce and consequently low prices for wheat,
etc.
But in the present instance the excellent accounts of the
growing crops in this country are accompanied by reports of
small wheat crops in Europe and hence the general hilarity.
When the stock market has advanced 10 per cent, more or
less, within a short time, the question always arises whether
the advance has been sufficient for the time being, and
whether it is best to realize and take fair profits; the more conservative brokers, when they give any advice at all to their
•ustomers, usually indicate this as the safest course; but there
—
are exceptions to all rules, and what may apply very well to
one stock, or one class of stocks, may not be at all applicable
of $4,340,000 all told (including $1,150,000
week to
by
tlie
last
amount
Saturday's
steamer, and not given in our statement last week), but the
Bank of England rate was not advanced on Thursday,as it
it might be, and it is also more than
animation in our market will stimulate
foreign buying of American securities as the Londoners are
not inclined to take up with our stocks and bonds unless we
are sl^^wing some confidence in them ourselves. In this con-
was thought
quite possible
likely that the greater
interesting to note the reported sales recently of
30,000 to 40,000 shares of Northern Pacific preferred stock for
nection
it is
German
account, to realize profits on purchases made in the
panic of 1890.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 5 p. c, the
average being 3}4 p. c.
To-day rates on call were 3 to 5
p. c. Prime commercial paper is quoted at 5(35}^ p. c.
The Bank of England weekly statement on Thursday showed
An increase in specie of £485,000, and the percentage of reserve
to liabilities was 36-63, against 34-86 last week; the discount
rate remains unchanged at 3% per cent. The Bank of France
shows an increase of 3,275,000 francs in gold and an increase
Of 3,975,000 francs in silver.
The New York Clearing House banks in their statement of
April 18 showed a decrease in the reserve held of $1,595,800,
and a surplus over the required reserve of $4,319,850, against
$5,612,950 the previous weeu.
1891.
Apr. 18.
X>ftpltal
Borplns
Loans and
disc'ts
Circulation
Het deposits.
4Bpecle
Legal tenders.
.
Beserve held,
liegal reserve.
ftirplns reserve.!
IHfferen'sfrom
Prev. week.
60,772,700
63.606,000
412,28 ,900 Dee. 1 ,689,700
3,491,700 Dec.
1,500
414.915,800 Dec. 1,2 10,800
74.099,800 Dec.2,582,000
33,949,000 Inc. 986,200
1 08,048.80olDec. 1,595,800
103,728,950 Dec. 302,700
1
4,319.85o'l>ec. 1.293. 1 00
1890.
Apr. 19.
1889.
Apr. 20.
61,062,700 60,762.700
58,249.600 53,452.700
403,820,500 416,897,100
3,681, 200;
4,135,000
408,884,200 440,635,000
79,196,100 87,771,800
24,349,400 34,473,600
103,545,500 122,245,400
102,221,050 110,158,750
1,324.450
12,086.650
Foreign Exchanee.— Sterling bills have been in moderate
demand throughout the week, but rates for bankers' short bills
have been very strong. On Thursday the Bank of England rate
was not changed, and this was favorable. The exports of
fold since our last report amount to $4,340,000, including
1,690,000 by to-morrow's steamers and $1,150,000 by last
m
Saturday'.! steamer additional to the amount included
our
last week.
Actual rates are: Bankers' ai.ttv day-'
rterling. 4 851^,34 85>^; demand, 4 88>^(a4
cabl'es,
88?^;
4 89
atatement
@4
t)93>4.
Posted rates of leading bankers are as follows
Doex-cp
6s,
68,
6s,
6s,
6s,
.
toJ'ly,'91
reg.
cur'cy,'95
reg.
cur'cy,'96
reg.
cur'cv,'97
reg.
cur'oj,'98
reg
cur'3y,'99
Apr.
18
Apr.
"il-
20.
^^:
22.
101% '101%*101%*102
reg.
...coup.
reg.
1S91-3 P.M.
Do stamp'd int. pd.
The Money Market and Financial Situation.—The past 48,1907
COUP. Q.-Jan
to others.
The exports of gold have continued this
95<)s395%
I
;
April 27 to
3 to
2 to
WALb STREET. KRIDAV. APBIl.
95i8%95>4
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying
New Orleans, commercial, 40c.
par, selling i^@J^ premium
May 11 per $1,000 premium; bank, $1 00 per $1,000 premium; Charles—
selling % premium; St. Louis, 90c. per $1,000
May 15 ton, buying par,
premium; Chicago, 123^ cents per 1,000 premium.
May
United States Bonds. Governments have been steady,
May
without material change in prices.
May
The closing prices at the N. Y. Board have been as foUowa
May
May
May
5
Kaesau
(Days
5 20 ®5 19% 5 1678*5 16>4
40:>i6a40i4
401i(i«40i«
Bremen (reichmark8)b'nker8
inclusive.)
May
May
May
May
Manchester & Lawrence
M. Y. Prov. & Boston iquar.)
Pitts. Cin. Chic. & St. Louis pref.
Wheel. & Lake Erie pref. (quar.)
Oermanla.
Prankfort or
4 83i3<j4 83%|
J.
J.
J.
J.
J.
&
&
&
*
&
J.
102
102
'102
1*12178*12113 121
121
120'8 120>ii 120 *120
'121i« •12119 *12H»
*122
*1-21
'1201a •120i3'120>4
'12'2
121
*122
*i21
M13
-113
*116
*116
1181s nis^a
J, •1211*
J. >123iii
24.
'102
101% '101%*101%*102
'122
'121
'122
"121
J. >113
J. '1)6
Apr.
'113
113
116
'115
*1181<3 'II8I3 '118
12m
•121 >« *121l9
121
•I2313 *123i9 '1231a '123
*Thl8 is the price bid at the morning board
;
no
sale
113
115
117
120
'122
was made
Gorerument Purchases of Silver.—The Government purchases of silver in April (not including certain local pure liases
not yet reported, which would bring up the total for the
month to 4,500,000 ounces) are shown in the following. The
Government having purchased the amount of silver required
by law for the month no further purchases will be made until
Friday, May 1.
Ounces
offered.
Previously reported.
April
April
"
•Local
894.000
582,000
20
22
24
purchases
•Total in
month
Ounces
purchased.
3,479,073 $0-9748 ® $0-9880
594,000 0-9730 » $0-9745
t0-9636 a $0-9640
153,687
to date.
Prteepaid.
Ab't 4,500,000
...
®
...
a
$3-9636
9
*0-9880
•The local purchases include those from April 11 to April 18, inclusive
State and Railroad Bonds.— The sales of State bonds at the
Board have included $10,000 Ala. -B" bonds at IO8I4; $9,600
"A" bonds at 1031^; $15,000 So. Car., non-fundable, &ii%@W»\
$12,000 Tenn. set. 3s at IXm^f^H; $30,000 Va. 63, def. trust
receipts, stamped, 1@1%\ $10,000 Va. 6s, def., 8%.
Railroad bonds have been decidedlv active, following the
course of the stock market, and most of the popular issues have
been stronger. Atchison bonds, both fours and incomes, have
sold largely, and closed at 801^ and 4978 respectivelj Atlantic
Pacific incomes were active up to 14, closing at 13J^, but the
fours were neglected; Oregon Improvement 5s have been one
of the most prominent issues, advancing on large sales and
closing at 69; St. Louis Ark. & Texas, both firsts and seconds,
were in demand on the prospective issue of the new securities and the large gross earnings of the road; Richmond Terminal bonds have been very dull, though the Ss advanced to
70, closing at 691^; Reading incomes have sold largely at
higher prices, while the mortgage 4s were neglected at 19%;
T. bonds are strong.
M. K.
Railroad and Miscellaneous Stocks.— The general stock
market has been very strong and active, and the "boom"
expected at some time in the spring has veritably arrived.
The leadmg characteristics of the movement so far have been the
continued advance in the Southwestern and granger stocks
that are to be favorably influenced by the new wheat crop,
and this week a more active buying of some of the lowpriced income bonds and non dividend paying stocks, the
latter being one of the features that usually attend a boom at
the Stock Exchange.
Among particular stocks that have been prominent were
Atchison up to 34}^ against 345-^ on March 10th; Burlington
Quincy at 91'^ against 75-X March 7: St. Paul up to 64J^
against SIJ^ March 7 Rock Island at 79}^ against 63% March
other
6; Missouri Pacific at 72% against 64!^ in March, and
stocks with advances of greater or less extent from the depression of last month. Up to Thursday afternoon there was no
drawback to the advance movement, but a slight reaction
from the highest prices occurred then in the last liour of business, and to-day the activity and buoyancy were renewed,
the grangers. Big Four, Chicago Gas, Wabash and Union
Pacific all being conspicuous, while the Northern Pacifies
were still weaker than the rest of the list, and the recent sales
The strength was
are said to have been for German account.
well kept up throughout the day on large dealings, and closTlie Pittsburg
ing prices were at or near the highest figures.
St. Louis has declared its first dividend
Cincinnati Chicago
of 1 per cent on the preferred stock, payable out of the earnings of the last three months of 1890.
A mong the unlisted stocks. Sugar, on large dealings, is a
trifle lower at 90i^; Cotton Oil has been active and advancing
on the better reports of the company and prospective listing of
the stocks in May on the regular list; Lead is active and higher
at 80^. Silver certificates are dull at 97J^.
;
&
&
&
;
&
..
Apbil
.
..
...
.
...
.
.
THE CHRONICUt
26, 1801.
NEW TURK STOCK EXCHANGE— AOITTiP ST00K3
tor veek
633
enamy APRIL 31, and
HIQHUT AMO LOWEOT FBIOU
STOCKS.
Aetlve RR, Stoekn.
tohlson Ton. & Bantu Fe.
Atlantic
&
Tuesday,
April 20.
April 21.
)
32% 33
•4%
5
)
79^8
79»s
62i«
82^
•4% BV|
7914 BOH
•50
81V
Cantkilliin I'acillo
Canada
Hoiithern
Central of Nnw Jersey
Central J'lu'llln
lV
Monday,
April 19.
3138
.
Paolllv
'CheaaiHMiki'
Batarday,
k
•116
•39
117
30
1814
O., vot. tr. oert
I8I4
51
118
61'«
117%
119
•2914
18>s
79% 80
30V|
18%
53 14 631]
53
53
Do
do
Istprof...
•3114 32 H
32% 33
Do
do
2dpre(
•124
126 •123 125
Chicago & Alton
88% 89>s
87
88
Chluagn Burlington & Quinoy
5714 60
57
57
Cliloago & Eastern Illinois...
941s
03H 93
Do
oref *
62
62%
61
61%
Chloairo Milwaukee J^ St. Paul
113iall4
Do
pref 112% 113
108%
10938
108
108
Ohleaso A Northwestern ....
*134i4 134% 135
135
Do
pref
75-'9 78
74 »8 7.5%
Chicago Rock lelnndi'fe Paolflo
25 -a 27%
26
Chicago St, Paul Minn. & Oni •24
85
85%
85
Do
pref. •84
62% 64
62
621s
Cleve. Clncin. Chlo. A St. L.
•91
•91
93
93
Do
pref.
25% 25%
•Colunibua Hocking Val. & Tol. •241s 26
Delaware & Hudson
1331s i33is 134% 134%
Delaware Lackawaunat&West 135 13ftis 135^6 137%
•I714 17% •17% 17%
Denver & Rio Grande
58''8 5l»%
Do
pref. 5814 59
6i>8
«% 6%
7
SMt Tennessee Va. A Oa
•55
59
60
Do
Ist pref. •55
•15
1514
lti%
10
Do
2d pref. '
123% 123% 123%
Evansville A Terre Haute:
90
•8918
90%
91
Oreat Nortliern, pref
99% 100%
98
99
nilnoisreiifr.ll
•839
9
9
9
Iowa Central
27% 27% 28% 29
Do
pref.
•14
14%
1439
1412
Lake Krie A Western .
52»ii
1187,1
29% 29H
18% 18^
63% 54
33
1
April 3j.
32% 88%
33% 34%
6% 5%
S
79%
52%
33
125
'122
H8%
89ii
61
61
60
61
9«7(
62",
lISij
1
Friday,
April 24.
33%
Week,
34>i 134,804
125
94% 94%
61% 62%
7878
•123
80%
00
123
91
63
70(1
3.506
4.65S
760
90%
913e 119.9fl8
63
64
95% 96
34%
Mar. 10
4% Mar.
7,220
6.316
,
HICfeMt
IS
72% Jan.
fl
48
Mar. 7
Jan. 26
29 Feb. 24
16 Mar. 6
44 Jan. 2
20 Jan. 2
123% Apr. 8
75%MSr. 7
41% Jan. 3
83 Jhd. 2
50% Jan. 2
e,o7e 106
126
•12:*
93% 951,
62% 63 H
S.O-JC
2,5.5C
8.41(1
_L
1
Loweat.
ilbaree.
^5% e
79% '79% 79^
52
52% 52
62*4
118 118
118 118% 118 12014
30% 31
80
30
30%
30
187g 19%
19
19%
18% 18V
53% SSOf 53% 537g 53% 53%
•31
33
33% 83%
SSH 33
5
•123
94%
61%
1
April 28.
79
52
Uaii«eofiiUe«lnl8«l.
Of the
Wedneadar, Thnnday,
324s 83 H)
5
OM1
IS0I.
ninen JAff. 1,
itele*
84%
Apr.
Jan.
Apr.
Apr.
Apr.
81 Jan.
197e Feb.
64% Feb.
34% Feb.
130 Jan.
93% Jan.
64 Apr.
6
80%
62%
120%
M
19
17
S3
34
W
9
10
to
a
14
34
24
2A
34
24
96 Apr.
64% Anr.
5,202 105%Jan. 3|I15% Apr.
109% 110
I10'9lll% 18.236 102%Mar. 9!lll%Apr.
13479 135
135 135
135 135
135% 135%
1.820 130 Mar. 181138% Jan. 12
7679 777s
76% 77%
'B"*
78% 79% 91,361 63% Mar.
79% Apr. 23
•23% 27ii 27% 28
28% 28% 28
28% 3,000 22 Mar. 10 28% Apr. 33
•84
87
80
8711 •86
86% •86
87%
500 77%Jiin. 29 H6% Apr. 22
63% 64>4 03
64% 65ii 6478 65% 46,633 58% Mar. 7 65% Jan. 13
64
92
•92% 93k
92
93
03
210 91 Mar. 23 98 Jan. 9
"25% '25%
24% 24% a.-.
25% 2479 25
805 24 Apr. 10 29 J.<n. 13
133% 13t
134
134 134% 134 135
134
1,618 129% Mar. 9 139% Feb. 7
136% 137:% 136% 137
137 13714 136% 139
65,0*5 131 Jan. -2 140% Feb. 9
17% 18
M7% 18
17% 18i« 18% 18% 1,4.57 16% Mar. 6 20% Jan. la
59% 5938 58% 59% 59% 59% 5979 61
5.131 56% Mar. 7 63''8Jan. 14
«78
7
6% 678
7
7
7
7
2,604
6% Apr. 20 8% Jan. 14
•55
"55
•57
58
58
64
64
60
.>2
Mar. 16 66 Jan. 14
•15% 16% I«
16
16
16
16% 16%l
400 15 Mar. 19 19% Jan. 14
123 123
122% 123
123% 123% 123 123
660 111%1'eb. 5 129 Apr. 2
. .
90% 90% •89% 90% •89
90% •88% 90%
363 72 Jan. 2 02% Apr. 9
•99 101
99% 99% 100 100% 101 102
3,614 90
Mar. 9 103% Jan. 14
8% 9%
8% 8% •8% 9
8
8
962
6%J»n. 10 9% Apr. 21
•28
30
26
27% 27% •27% 28%
26
638 20 Jan. 3 29 Apr. 20
14% 14% 14% 14% 14% 14% 14% 14% 3.226 13 Mar. 20 15% Feb. 5
.
58I3 581a
5979 61
59% 5't
60
58% 58'e 59
60% 6O79 8.079 34% Mar. 6 61 Apr. 23
Do
pref.
11108
11338
112%
113% 112% 11278 113 113% 113 113%; 22;030 106% Jan. 2 113% Feb. 9
Lake Shore & Mich. Southern. llHalllia
•92
93
93
93
•U2
9i
93% 92% 9J% 92% 92%|
Long Island
931a
685 8K Jan. 3 (t6% Apr. 7
7758 78I4
78% 78% 78
78% 78% 78%: 78% 79% 79% 80% 46,835 71% Mar. 7 80% Apr. 24
LoulRvlUeA Nashville
25
24% 24% 26
2414 25
25% 25% 24
24% 24% 24
Loulsv. Sew Alb. & Chicago..
9,010 18 Mar. 9 27 Jan. 15
•12
12
12
15
14
14% 14% 14% 14%
12
14
Louisville St. I.ouis & Texas. •10
800
5 Mar. 24 18 Jan. 15
107% 107% 2,771 96% Jan. 27 109 Apr. 6
Manhattan Elevated, consol. 106 10638 106% 106% 107 107% 107% 107% 107 107
•21%
•21% 21%
21
21
'ZO
21
20% 20%
Mexican Central
58 18% Mar. 21 24% Jan. 4
93"
•92% 95
•92% 95
91% 94%
Si"
95
95%
994 90% Mar. 6 96 Feb. 3
HIcblga n Central
•921a 95
•77
•77
•77
'78
•78
81
81
81
81
81
81
Milwaukee Lake Sh. & West. -77
73 Feb. 19 93 Jan. 15
•100
•100
105
•103
•100
105
105
105%
105
lOo
105
103%
Do
100 Feb. 18 HI Jan. 14
pref.
'3''8
•4
•4
•379
5
5
5
4% •4
4% 4%
418
500
379 Mar. 18
Minneapolis A St. I^uls
6% Jan. 10
•9% 10% 10% 10% 11
•10% 11%' '10% 12
•9>4 lo^
11
200
Do
8 Mar. 18 12% Jan. 14
pref.
13% 13% 1309 13% 14
14% 14% 14% 14% 15
I318
13
Mo. K. <fe Tex., ex 2d m. bends
5.180 11% Mar. 14 15 Apr. 24
2118 2139
22% 22^8 22% 22% 22% 23% 23
23% 23
23% 5,186 19% Mar. 6. 24 Feb. 7
Do
pref.
72% 56,903 60%jHn. 21 72% Apr. 23
69% 701s 70% 71% 70% 7178 70% 72% T^^ 7Z% 72
Missouri Pacific
•41
42
42
43
42
41% 41% 41
41% 40% 41% 1,610 26 Jan. 2' 44% Apr. 7
42ifl
Moblle&Ohlo
•97
•97
•»7
•97
98
98
98
99% •97% 99%
98
Nashv.Chattanooga&St.I/Ouis •96
93 Jan. 2l| 97 Apr. 14
IO314 1031s 103% lOS's 103% 10379 103% 103% 103% 103% 103% 103%
New^ York Central & Hudson
2,707 100% Jan. 22 104% Feb. 3
•13% 14
"13% 14
13% 13% 1379 14% 14% 14% 2,120 11% Jan. 2 14% Feb. 10
•I314 14
Mew York Chlo. 4 St. Louis
6778 6779 •67% 68
66% 66% 67% 67% 68
68
360 57 Jan. 2 70 Jan. 29
Do
Istpref. *66ia 68
•28% 30
•28% 30
29
29
29% 30% 30
30
30% 1,400 23 Jan. 2 31% Feb. 10
Do
2d pref. •28
-,21% 17,225
New York Lake Erie A Wesfn 2018 2038 20% 20% 20% 20% 20% 20% 20% 2079 21
17% Mar. 7 21% Apr. 24
53% 33% 53% 5379 53% 53% 5379 5379 54
54% 2,600 48% Jan. 7 54% Feb. 10
Do
pref. "38"
"as'is
38% 38% 38
89% 3M78 39% 3i»3B 40
39
New York & New England .
39% 43,613 3i Mar. 9 41% Jan. 15
New Y'ork New Hav. & Hart. •225 232 •225 232 230 230 *22.i 235 •225 235 '228 232
25 ',220 Mar. 26 271 Feb. 3
New York Ont<irio & Western 1738 171s 1739 17O9 17% 17% 17% 17% 17% 1779 17% 18% 16,995 15% Jan. 2 18% Mar. 17
8
8
8
8%
S"8
8
8%
New York SusqueUan. & West.
S
3,620
7% Jan. 6 11% Feb. 17
»«,
o§
J'-^ •32
33
3279 3278
32
32
32's 32%
33
33% 1,460 28% Jan. 6; 40% Feb. 18
Do
311a 3159
pref.
•11
Norfolk & Western
14% 14% 14% •14% 15% •14% 15% 15% 15% '14% 16
500 13% Mar. 12i 16% Jan. 14
•33% 53% 54
54
54% 54% 5379 54% 54
Do
54
424 52% Mar. 19 57% Jan. 14
pref. •521s 631s
2608 27%
26% 27% 26% 2679 2678 27% 26% 27% 21.020 21% Jan. 2 30 Jan. 14
Northern Pacific
26
2608
0979
70
7078
70%
69%
71%
71%
Do
6838
70%
69%
eo's
707e 139,080 63% Jan. 2 74 Jan. 30
pref.
•17
18
*16is 18
18
18% 18% 18% 19%
Ohio & Mlssisslprt
1,600 15i<. Mar. 11 1978 Jan. 17
"26" 16% 18%
•17"
•16%
•16
•16%
19
18%
17
17
Ohio Southern
18
18
100 14 Jan. 2 18 Feb. 7
•74
73-'8 76
•75
76
77
76
Oregon R'y & Navigation Co. •73
76
78
76% 77
765 65 Mar. 9 82 Jan. 13
24
24% 26% 26
27% 28
Oregon >li. Lme&L'^tah North •23% 241s 24
28% 28% 29
5,418 19 Jan. 5{ 29 Apr. 24
Peoria Decatur & Evan.sville. •2013 211s
21% 21% 21% 21% 21% 21% 21% 22
21% 21% 3.100 14% Jan. 7 22 Apr. 23
34
33% 33% 33% 337, 33% 33% 33% 34
Phila. & Head., vot. tru.st. cert
32% 3278 33
10,995 28% Mar. 10 34% Jan. 8
15% 16% 16% 17% 16% 17
1579 16
1509 1509
Pittsburg Cinn. Chic. & St. L. •1559 la's
7 17% Apr. 23
8.445! 12% Jan.
34% 57% 58
53% 54% 54% 55
Do
58
58% 60
4,538 48 Jan. 61 60 Apr. 24
pref. •53 19 54
18% 18% 18% 18% 18% 52,325; 16 J-n. 2; 19% Feb. 7
Richmond AWestFtTemilnal 17«8 178(1 IT'S 1 838 18
18% 18
75
73% 73% 74% 75
74% 74% 74% 74% 3,228 67% Jan. 2 76% Feb. 10
Do
72% 7314 73
pref.
•34
35% 35% 37
Rio Grande Western
36
36
35
35
3.5
37
37% 38% l.e.So; 23 J n. 2 38% Apr. 24
71
71
71% 71
Do
71% 71% 71%
72
71
72% 2,4111 55% Jan. 2 74 Mar. 25
pref.
701a 71
RomeWatertown A Ogdensb'g 114% 114% 114% 114% 114% 114% 113 113 •113
113%113%
660 100 Jan. 5 134% Mar. 20
St. Louis Alton A T. H., pref. •125
133 •125 135 •125 135 •125 135 •1!J5 135 •125 135
120 Jan. 6 122% Jan. 3
11
St. I,. Ark & Tex., trust rec.
10% 10% •10% 11
11% 12
lOia Ids •10
11% 12% 3,270 9% Feb. 26 12% Jan. 14
•66% 70
•60% 70
-66%
•67
•67% -70
•67
St, Lou. & San Fran., 1st pref.
70
70
55 Feb. 16 70 Jan. 16
•24
•24
•24
•24
26
26
26
27
St Paul A Duluth
27
30
Anr. 24
26
27
1,155 24 Jan. 15 30
89 92 •89 92 •90 92 •90 92
•89
Do
92
90
90
12 85 Jan. 5 90 Apr. 10
pref
St. Paul Minn. A Manitoba... 107
107 •107 107% 107 107 •106% 107% 107 107% 107% 108
470 100 Jan. 2 111 Feb. 6
Southern Pacitic Co
32% 3278 4,250 23 Jan. 16 33 Apr. 23
29% 3018 30% 31% 31% 31% 31% 32% 32% 33
Texas A Pacitic
14% 14% 14% 15% 14% 15% 15% 13% 15% 157a 11.365 1278 Mar. 10 16% Jan. 14
I414 1438
•16
17% 17% 17% 18% 18% 18% 1.580 16% Jan. 2 •20% Jan. 13
I8I9 181s •16
Toledo Ann Arbor A N. Mloh.
18
18
•44
•44
•44
•44
45
Toledo A Ohio Central
•44
45
55
45
-44
46 Apr. 6 61 Jan. 13
55
55
•30
•80
•80
•80
Do
90
88
90
Feb. 16
88
•SO
88
81
Apr. 6 88
90
pref. •80
49% 50% 50% 51% 50% 51% 126.520 41% Jan. 261 51% Aor. 23
Union Pacific
48
49
49% 50
473S 48
i!2% 23%
Union Paclflo Denver A Gulf
2079 22%
23% 23%| 23% 23% 7,920 21 Jan. 2 24% Jan. 14
220s 23%
211s 21ia
Wabash
10% 10% 107g 1079 10781 11
9% 10% 10
11% 6,595 8% Mar. 10 11% Apr. 24
9% 9%
Do
19% 19N 19% 2079 20% 22% 22% 2279 22% 237b 62.210 ie7g Jan. 2{ 2379 Apr. 24
19
19
pref!
Wheeling A Lake Erie.
35% 36% 35% 36% 21,470 29% Jan. 26 36% Apr. 34
3338 33<>8
33% 34 09 31% 337g 3479 36
.
73O8 75%
Do
75
76% 7«'S, 78% 77% 78% 77% 78% 14,806 67% Jan. 2 78% Apr. 23
7339
73
W Isconsin Central Co pref. -I914 21 -19 21 •19% 21
20% 20'8 2078 21% 20% 21% 2,640 18 Jan. 2 23% Jan. 14
113
113%
U)!)% 110%
113
113% 11.37
llt>%lllH
03% 64%
113%115%
272,13.1
nS
.
'
no
•
"17
.
.
7%
1
1
. .
niNrellaneoiiK Slocks,
American Cotton Oil Co
25^
25ifl
Do
pref. •47
491a
Am. Sugar Ref.Co.,tciup. ctfs. 9014 9119
Do
pref.,
temp.
Consolidated <ia« Co...
92I4
ctfs.
Chicago Gas Co
Colorado Coal A
i
Distilling A attle Feed'gCo.
K<llson General Electric
Do
1
1
National Lead Trust
North American Co
Oregon Improvement Co
92»8
92%
4yia
36*4
45
Pullman Palace Car Co
Silver BulUon Certificates.
Tennessee Coal A Iron ...
5038
51»8
36
3«''8J
36%
98% 98%
45
98
48081
194
34
i
36i«
5139
37
98% 9a%
47
47%
98
98
88% 88%
971s
88I4
194
68O9
192
70
1
193%
68
193
68"8
193
68% 69
193
193
96% 96%
35
8S%
1
53
92
93
5078
3878
52%
9608
35
85% 35%
5
24
33% Jan.
5,960
5178 120,525
37% 3,844
36%
.57 -s
8^
31
33
99%'
9J8 94%
48
19,615 41%
99% 99% 1.896, 88
99
47
98
!
88% 89%
88%
30,293|
101% 104% 104%
Ws
20%
20%
16% 17%'
30% 31
17%
30%
1
39%
70
387g
6876
193
194
39.921
24,S7.')
3,140
89%i I4.-475
69%109.<'00
506
194
1
96% 96%
35% 35%
I
Jan.
Feb.
Jan.
Jan.
Jan.
Feb.
Jan.
73% Mar.
2.861101
1
1
Feb.
11 89% Apr.
3 107% Mar.
17% Jan. 2 21% Jan.
11% Jan. 2 19% Fob.
15% Jan. 7 31 Apr.
31% Jan. 26 41% Feb.
68 Apr. 21 81 Feb.
Jxn. 5I96%Jaa.
1 84
96% Apr. -23 107% Jan.
3<%JaD. 2 39% Jan.
80 Jan. 8 87 Apr.
76 Jan. 2 A2> Apr.
157gJan.
7.177
96% 97%574,000
34% 85% 4,740
81% X2Ul "fii^i, "hi'u "«2% 827« 82% "S'i'-' 1-2'.V67
Ex rlgtatt*
) PrlCM (ron t>oth BseteizOK.
97
97»(,
32
23
8,123,
82,570!
1
37
Apr.
Apr.
Apr.
Jan.
Apr.
Mar.
Apr.
J»n.
28%,
53
88% 90%'
01% 92
507g
98% 98%
47% 4779
69
192
28
517«
88% 91%
104
97% 97%
34% 35%
Do
pTf'f
Western Union Tclein-apli
«ilj«iiia
HI.% H2%
• Thes^ are the price*
Md tad wkfdi DO s«le made
•9738
. .
98% 98%
47% 48%
50
28% 29
52
703e
•28
.
511s;
1
69%
I6I4
Pacini- Mail
Pipe Line Certificates S
99
45 14
25% 26
26
29
48^ 48I4I 49
52^8
90% 9i»9i 90"« »m
92
92
92
92%
1
4916'
37
87
104
19
pref.
3614
9214
93is
26
98% 98% 99
98
89%
88
88% 89
88%
104
103% 104% 104% 104% 104% 105
19% 19% 190b 1939 I9O9 19% 19% 10%
16% 1638 17% 1678 17% 17% 17% 17%
29% 29%
28
28
28% 28% 29
29
3779 38%
37% 38% 38% 89% 39
3714
9579
National Cordage Co
om
48% 49%
36I4
98I4
.
26
49
Feb.
2
2
17
29
53
27
95
92%
52%
2 39%
24 99%
3
16 49
3 111
10
1*
23
16
13
12
'i
17
13
24
36
10
14
15
14
»
3S
—
THE CHRONICLE.
634
SEW YORK STOCK
Range
April 24.
in 1891.
(sales)
Railroad Btocbs.
Alabama & VickburgTT
100 35
100 160
95
Cbarlottc Airl.ir..--100
170
98
Albany & Susquehanna
&
Atlanta
&
South.
111.
Feb.
1621s Mar. 167
pret....lOO *l34i2
103% Feb.
100 Feb.
30 Apr.
100 ;30
29 Jan.
100 i3738
74 Jan.
100 ; 7912
Preferred
Apr.
35
20
20
100
Burl. Cedar Kapida &Nor
100 1212 15
CalUomia Paciticf
Mar.
3%
100
17%
Cedar Falls & Minnesota
12
10
Chic. & Atl., Benef. trust reot8.1[..
152
Feb.
148
ISO's
50
Cleveland & Pittsburg
100
Columbia & Greenville pf
5i<(
4%
Feb.
5
100
Des Moines & Fort Dodge
25
12 Feb.
10
100
Preferred
5I2
Apr.
5
4^4
100
Dulnth S. Shore & Atlan.lf
14
12% Jan.
11
100
PreferredH
26I4
Jan.
26
IS^a
100
:
Flint * Pere Marquette
78 Mar.
87
100 86
Preferred
6I2
Jan.
100
71s
61a
Georgia Paciflcif
6I2 Jan.
8
7'a
Green Bay Win. & St. Paul. ...100
6
2
Jan.
100
3^
Houston & Texas Central
9012 Jan.
100 90 100
Illinois Central leased lines
16
Mar.
15
14
100
Kanawha & Michigan
1
Feb.
100
Keolnik& Des Moines
7
Jan.
100
Preferred
27 Apr.
Lonisv. Evans. & St. Lo., cons. 100
100
55 Jan.
Preferred
Ix)U.8t.L.&Tex. Seeprecediugpago
50 75
85
771a Apr.
Uahoning Coal
101 Apr.
50 108
Preferred
36 Feb.
25
Memphis & Charleston
5
Jan.
100
Mexican National
143 Mar.
50
Morris&Essex
100
104 Jan.
K. Y. Lack. & V.'sstem
2II2 16 Mar.
100 19
M. Y. & Northern pref
6
Jan.
100
9
Peoria A Eastern
7
.100 151
152 149 Jan.
Fitts. Ft. Wayne & Chicago.
* No price Thursday; latest price this week.
Boaton&N. Y. AlrLine pref....l00 •100
Brooklyn ElevatedT
Bufelo Rochester & Pitts
30
Apr.
37%
Aiir.
7912 Apr.
25 Feb.
81a Apr.
Jan.
i'52
5% Apr.
Mar.
15
6
15
Feb.
Feb.
261a Apr.
86 la Apr.
8% Jan.
8I2 Jan.
4 Apr.
92 Feb.
16 Feb.
—
Mar.
4
1313 Apr.
301a Jan.
63 Jan.
Jan.
85
1091a Apr.
40 Jan.
5 Jan.
1 481s Mar.
110
22
8
Ask.
50
50 35
36
100 178 IBS
lOO
100 :341s
100
8
100 {13
100
1906
1906
1920
Arkansas—66,fund.Hol. 1899-1900
do. Non-Holford
7s. Arkansas Central KB
Class B, 5s
Class C, 4s
Currency ftmdine48
Ask.
104% New York— 68, loan
3
105
Stamped 48
Missouri— Fund
89 13
113
80
9S
Mar.
Jan.
Feb.
Apr.
Feb.
Mar.
%
15
1031a
231s
15
69%
48
16
15
70
38
9%
12
40ia
39
101 la .Mar.
21 Jan.
26 Feb.
80 Msi,
Apr.
83 Apr.
Mar.
19% Jan.
Jan. 1081a Mar.
Mar. 28 Jan.
Jan.
201a Jan.
Apr.
CO Jan.
Mar.
16 Mar.
Jan.
17 Jan.
Apr.
81 Jan.
423$ Jan.
Feb.
Mar. 12 Jan.
Apr.
44 Jan.
310
23
34
39
5%
100
100
281s Apr.
123 Feb.
821a Apr.
38 Apr.
721a Mar.
82
Feb.
Jan. tl50
Jan.
Jan.
Jan.
Feb.
11% Mar.
I
140
100 10
100 39
50 260
50
23
38
Fell.
Jan,
Feb.
Feb.
678 Jan.
514 Jan.
614
40 Feb.
941a Apr.
Jan.
Jan.
19% Apr.
Mar.
Jan.
Jan.
70
145
Jan.
Feb.
Bid.
Ask.
2J.
SECUEITIES.
Ask.
Bid.
S.C. (cont.)— Brown consol. 63. 1893
1893 101
108 14 North Carolina— 68, old
J&J 30
102
Funding act
1900
10
lOSij
New bonds, J. & J
20
1892 1898
14
Chatham ER
5
180
4
7
Consolidated 48
1910 99
68
1919
"90ia Rhode Island—6s, cou.. 1893-1894 101
1894-1895 102
15%
38
381a 40
d6''8
Sugar Eefln. Co. trust rects.^.-lOO
100 11714 18% 14
Texas Pacific Land Trust
6518
100 66
70
U. S. Express
100 140 145 137
Wells, Fargo Express
SECUEITIES.
Bid.
142
18
161a'
:
lOOj
lOOi
National Lin.seed Oil Co
New Central Co.il
Ontario Silver Mining
Pennsylvania Coal
Phila. Natural Gas
Postal Telegraph-CableTT
Quicksilver Mining
Preferred
Apr.
Jan.
103
108
95
104
7
150
Jan.
38
Mar. 183
5 Feb.
5
261a Jan.
311a
3I2 Jan.
9 Is
14 Mar. 15
147
42
16
CoalU
Maryland Coal
Minnesota Iron
Mar.
Highest,
28
175
2714
American Cotton Oil trust rec.lOO| 27
100 ;il8
American Express
100 t 8212
Am. Telegraph & Cable
American Tobacco Co., pref ..100 99131101
100 t 15
Brunswick Company
118
Buckeye Pipe Line
76
Chic June. Ey. & Stock Yards. 100
100
Preferred
1558 16
100
Columbus & Hockiug Coal
100 105 ,10«ia
Commercial Cable
100 25
26
Consol. Coal of Maryland
100 ;i8%i
Laclede Gas
48 [....,
100
pref
Do
& Wilkes.
in 1891.
{sales)
Lowest.
15
IMIaeellaiieons Stocks.
lOOi 5145
Adams Express
40
AmerictnBank Note CoU
Lehigh
sales.)
100
NEW YORK STOCK EXCHANGE PRICES —STATE BONDS APRIL
SECUEITIES.
Range
April 24.
Bid.
Pittsburg cfe Western
Preferred
Eenssclaer & Saratoga
St. Joseph & Grand Island
St. Louis Alton & T. H
South Carolina
Toledo Peoria & We.sternTF
Toledo St. Louis & K. City U
Virginia Midland
I5214 Mar.
. .
Indhites actual
(t
Inactive Stocks.
U Indicates unlisted.
Bighest.
Lowest.
Ask,
Bid.
H Indicates unlisted.
LU.
[Vol.
EXCHA.NttE PRICES (Coatiaaeil)-f.V-4C'r/t^g STOOSS.
Inactive Stocks.
Belleville
a.
.
.
1892-1S98
65
Tennessee— 68, old
1912 75
Comiromise, 3 4-5 68
1913 102
New settlement, 6s
1913
58
"5"
1913 71
3s
—6a, old
Virginia
4
South Carolina- 6s, non-fund.1888
"
.
-•--«•
...
68, consolidated, 2d series, recta.
68, deferred, t'st rec'ts, stamped
1
New York
8, 1891, 13
Citj
Bank Statement
as follows.
We
for the
in all cases.
(OOJ
Banks.
Cavital. Survlut.
Bank of New York..
Manhattan Co
Merchants'....
Mechanics*
America.
Phenli
City
Tradesmen's
Chemical
Merchants' Exchange
Gallatin National
Butchers' & Drovers'
Mechanics' i& Trailers
Greenwich
Xeatoei Manufact'rs.
Seventh National..
New
York,
American Exchange..
Commerce
Broadway
Mercantile
Paciflc
Bepnhllc
Cliatham
Peoples'
,
Korth America. ...
Hanover
Irving
Citizens'
,
Kassan
Market
<K Fnlton.
Nicholas
(& Leather
Com Kxcliangc
ContiucutaL
Oriental
Importers' & Traders'
St.
Shoe
Park
Bast River
Fourth
N.ilional..
Central National
Second National
Ninth Na'iional
Plrst National
I'hird National
M. Y. Ball l!.xchange
Bowcrr
Kew York Connty....
Qemi&r..Araerlcan "
Chase Nfctionai
"]
Fifth Avenue
German Kxchance..".
.
Germania
TJnltcd States
Uacoln
Gulleld
Fifth National
Bukof theMetrop..
"
West Side
Seaboard
Sixth National
Western Nationxl..
nrst N»tional,B'klyn
Tet»l
9
2,000,0
2,050,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750,0
300.0
600,0
1,000,0
300,0
400,0
200,0
600,0
300,0
1,200,0
6,000,0
6,000,0
1,000,0
1,000,0
422,7
1,600,0
iSO.O
200,0
700,0
1,000,0
SOO.O
600,0
BOO.O
760,0
600,0
600,0
1,<100,0
1,000,0
300,0
1,500,0
J.OOO.V
250,0
3,200,0
2,000,0
300,0
c
1,807.5
1,478,5
pc'5,';
l,fl24,f
2,0j1,8
6a9,H
2,652.0
107,3
6,454.0
127,2
l,6'i7,0
2?4,tl
401,0
143,7
666,4
7;,2
Loatu
Specie.
Leoalt.
DepoHti.
<
s
»
*
12,080..
1,9.'!0,0
;, 320.0
10,843,0
e.93.\4
8,674,0
i4,oao,7
1,098,0
843.0
681.8
832,0
1,0}4,2
4,6V 0,0
924,9
1,585,0
1,866.8
871,0
10,174.0
1,S47.6
2,1087
276.6
3'2.402,7
3.6!)8,7
5,370.>-
6,134.6
040,3
1,750,7
2,150,(1
1,191.1
6,029,0
2,598,0
3,06 1,!"
1.325.7
3,549,2
17,364,0
18,H84.4
5.788,9
8,314,9
2.481.5
11,155,7
6,200.0
3.205,8
3,877,8
13,218.4
3,228,0
2,768,3
2,929.9
4,180,5
1.857.6
2,876,0
7 111.1
4,689,3
2,070,0
22,915,0
21 727,'2
140,(1
1,062,(1
489,1
2 067,0
•S,M9,R
1,651,1
944,1
422.6
868,7
758,1
3117.4
654.6
1,001,3
287,4
421,6
232,fc
731,6
108,6
256,2
1,106,4
301,5
404.5
l,'2e0.l
091,1
789,7
1,364,5
372,2
1,224,:<
958,3
321,7
647,5
4,543,8
628.0
635,2
330,9
824,9
197,1
636.0
905,4
1.103.4
121,1
8,500,0
300,0
4.0.13,0
1.603,0
2211.3
lO.Cfll.O
783,0
3.7.7,0
151,9
344.1
ll-O.O
2.;8,0
263,0
238,9
•28(.-
11,50.1,
8,584,
3,080,
4,456,
14,833,
3,274,
3,09it,
3,337.
4,328,
1,816,
3,262,
0.114,
5,2 18,
1,930,
210,2
124,3
1,245,0
333,0
68,0
1,237,0
878.7
4,P84,7
706,4
149,0
413,5
49i\7
1.983,9
293.
192.7
150,0
141,2
78,5
1,100,9
1038,1
21'2,9
141.1
83H,7
607,8
51,2
560,0
814.0
481,'l
202,3
1.069,3
157,.-,
65.'
21- 0,2
'2,990,
26,307,
4,288.6
23.698,7
3.545,0
1,629.9
2 450,0
2,873,3
2,713.0
10,78.\0
370,1
4S4,'2
12,418,
4,642,
9,0»1,
l,l)2i,0
3206
l.Hli.v
4,11«,4
2,* 51,0
382.3
1,398
715,8
217,S
14,150
6506,3
8,757,4
li3H,b
1,-2I2,V
'
4,148,
1.910,
2,237.
1,131,
2,579,
1.424,
2,874,
24,06!',
750,0
S 829.6
3 3ie,8
88.4
248,7
838.0
2,514,4
424,3
1,978'
2.^,516.
4,18.1,
2,186,0
600,0
1,000,0
300,0
4658,4
2,»U,U
2698,7
27,i.'.i
0,5'24,
4 383,0
3.077.7
272,7
910,6
798,1
61H.9
480.7
607,7
33H.5
S34.9
301.3
603,4
H2,V
265,0
103.0
2,e8.'),n
2 048.U
250,0
200,0
760,0
600,0
100.0
200,0
200,0
600,0
800,0
200,0
150,0
300.0
200,0
600.0
200,0
48i.O
285,0
276,6
7,81'.!,0
139,1
483.1
658.3
427,^
103,4
406,7
18.463,8
1.0.0
1,47^,
639,3
421,1
290,0
640,7
357.3
4464,0
15.5,0
848,0
188,2
11,850,
10,026.
6,714,
7,494,
13,200,
4,169,
633,4
790,8
800,8
909,3
273.0
786,0
197,0
1.174,0
905,8
28a,ii
5! 3,5
•201,7
4U4,7
214,0
805,0
148.8
l,'tl9.2
^i70,3
1,120,
18,728,
8,302,
5,288,
4,873,
22,479,
3,491,
1,450,
2,80l^
3,380,
2.50b,
12,191,
4,980,
3.50,t,
3,033
4.352.
3,799,
4,108,
1,984,
4.998,
2,098.
4,482,
1,320.
9,8:8
3.899,
6O.772.7 63.60(>,oUl2!281,9 74,099,8 33.919,0
414,910.8
Boston and Philadelphia Banks:
City,
u
Surplus.
C'litilm
Bahks.
(OOi omitted.)
State of
New York
week ending April
omit two ciphers
X.
Loam.
L^gtUa.
Specie.
t^oosits.-" C^irr.^J'tiiOleartnoi
york.'
4t
4!
123,810,1 408,112,5 77, 731, l!34, 878,4 414, 216,6 3,488,11803,533,9
Mar. 21
"
28.... 124,281,' 410,493,2 77,738.6 34,571.6 41.5, 461.6 3.501.1 103,232,1
124,320,1 412,393,5 77,140,1'33,163.7 415, 6il,3 3.491.0 .->:7,13n,:4
Apr. 4
•'
413,971,6 78,881. x'32.96'2,8 416, 126,6 H,4'J3,2. 834.907,9
412,281,8 74,099,8 33,919.0 414,915,8 3;i9i;7 676,821,0
11.... 124,:i7-','
18... 124,378,'
"
Boston.'
Apr.
'•
"
154,761,2 9,081.11 3,734,5' 12?,,774.4 3.051.7
133,991,0 i0,237.5| 4,003,4 130, 841.8 3.'257,8
153,240,1 10,538,61 4,458,6 131,,287,4,3,259,7
15,842.!
65,842.1
66,842,1
...
l!
t
18....
81,711,7
95,4»4,0
»7,9J7,J
PhilB.*
Apr.
4
35,793,'
35,7»3,'
33,783,1
96,228,0
25,857,0
3,85.5,0, 2,13l,0i 60.326,5
2»,179.0
96.117,0
8,377,0 2,139,0 61.39'.. '2
H.860,o:2.139,0l 6 7,496,7
29,370,0
95,917,0
• We oinit two ciphere tn all trtese flguren.
tlncladlns, for Boston sad Phi,
ddJphla. the item " due to other banKs."
'•
"
11....
18....
City Railroad Securities— Brokers' Q'jotations.
Atlantic Av., B-klyn.St'k.|114
Gen. M.,5s, 1909... Ac&O 105
Bl'ckerSt..*, iul. F. -.Stk.l 24
lstmort.,78., l!)0('-.J&J,110
Br'dway Ji 7thAv.--st'k.. 190
Ist mort^. 5s, 1904 .J&O 103
admort, 5s, 1914...J>feJ;10a
'24
B'wav Ist, 6s, gu
2nrt 68, int. as rent., '05.
Brooklyn (Jity— aiock
Ist mort., 5s,
117
107
27
112
200
105
103
103
93
170
103
110
103
160
117
122
117
138
104
104
93
16d
1902..J&J100
B'klyncroist'u
.^s.,
I908!108
Bkn.O'ycfeN'ii5a,193S J,tJ 100
Central Crosstown t5t'k..ll50
115
Ist mort., 88,1922.
Cent. Pk.N.AK.Kiv.— 8tk. I'iO
Consols. 78, 1902 ...JADI115
—
M&N
DryDk.E.B.&Bal'y— .sik.|133
Islmort., 7s, 1893.. J&D 102
Bank Stuck
BANKS.
Bid.
List
OJO
Bowery
312
306
Broadway... 28/
Batchs'&lJr. L.'o
131
Central
iUO
Chaso
400
Ctiatliam
4600
Chemical
480
City
165
Oltlsens'
260
Columbia
Commerce... 191
(>>nUnental 13s
Com Kxch... •240
11-2
Deposit
East lUver.. 160
llth Ward... 2011
fifth Ave.... 1800
300
Fifth
2000
First
First N., S.
I.
BANKS.
Germania
Green w'.<h..
Hanover
Had. Ulver..
183
137
......
Im.
Bid.
Ask.
A
300
116
360
People's
Leather Mia' 230
Lincoln
330
263
i:»
196
140
232
Manhattan... 173
Marketilt Ful 223
Mechanics'..
M'chs'&Trs'.
233
203
is'i
2'20
Mercantile... 21l>
Merchants'.. 155 180
Merch'ts Ex. 122
123
Metropolitan
&h
Metropolis... 400
Mt. Morris ..
112
I7'<lg
173
Murray HiU. 300
Nassau
166
New
Tot*... ?48
1C4
week.
Bid. Atk
I
137
Ninth
130
iHth Ward
N. America.. 188
210
Oriental
Paoifio
.. 193
Park
2(>d
101
I
290
110
N.Y.NatEx. il35
340
190
1
BANK».
107
1(0
lis
104
N.Y. County. 600
303
350
345
140
Trad's' 348
Irving.
h'ooii
40
I
MAS 112
2d .\t,, income,6s
JJiJ 60
Honst. VV.St.* f.F'y— XtK. 200
Ist mort., 78, 1894. .JitJ 100
Niiih .We.
90
112
Se -('ud .\ve.— Stock
Ist luort, 5s, 1909. MAN 102
Sixth .Vve.— Stock
233
380
Third ,vve.— Stock
1st .M., 58, 1937
J&J 107
Tweiiiy-thtrrt St.— Stock.. 235
102
Ist mort., 78, 1893
German Am. '20
German Ex. 320
•291
300
37
I
107
243
10«
1st molt., 68, 1910..
I
14th Street..
F'^nrth
I
Gallatin
Qarlluid
102
22s
101
215
105
233
104
I
— Liatest prices of bank stocks tins
Ask.
America
Am. Exoh... 155
Ajtbnry Park
E. B'y & B.—
F&A
8orlp6»
iBlghth Av.— Stock
Ei.gnthAv.— Scrin,63,1914
42d <S Gr'nd St. F'ry-Stk.
Isl mort., 7fl, 1893. AAO
42d .St. Manh.A St.N.Ave.
Drv Dock
•2S6
Pheuli
Pioduce Ex.
Republic
Seaboard
Second
Seventh
ShoeALeatli.
St. Nicholas.
State of N.Y.
Third
Tradesmen's.
Unit'dStates
Western
West Side..
143
173"
335
270
133
111
182
170
360
125
150
120
109
102
100
200
100
•200
135
lis
18U
180
115
108
100%
1
April
THE
25. 1891.]
CIIRONICLfi
635
BOSTON, PHILADELPHIA AND HALTIMORE STOCK EXCHANGES.
ty Share
Active Stockt.
li)(lk'uU'8 uiiliHtcd.
Ti
Atoh. T.
Atliiiillo
A
•
I'lU'.
* Ohio
100
TueKday,
Wednoiidsy
April 18.
April 20.
April 21.
April 22.
82% 33
32=8
831*.
6ie
•4l»u
861*
8S
61„
6<iB
*4'b
'85
f7?n/<.J.100
"
"
100
2il pifl'crrrd
100 118
IJoston \- AUmiiy (Boston) 100 2(:3'a
"
Boston
Lowell
100 177
"
BoHtou A Malue
100 200 >«
Cm trill of Mass. " 100 1819
"
I'reforrod
100 86 >«
"
Clil«.J)iir.At}iiln.
100 87 "4
1st
l>ri'fiM-ic'(l
.
i^-
Chli!.
A
Cleve.
37
89 1»
62'e
461a
••
"
"
*16»4
A
Pn-fcrreil
181s
225%
•8i«
8%
.50
"
"
Wc8toniJ!f.Y.AParPA«a.;.100
H8ia
47
61% 62%
46
62 >s
47
lOie
20
83ifl
831s
24
24
20
83
24
6I4
514
•43% 45
82% 83
""2"iia
211s
44
44
48%
48<S8
4818
483e
20^9
381*
213|.
2II4
SHHi
38
106 14
21%
39%
21
84
Bell Telephone..
Bost. A Slontana
Butte A Boston..
QOifl
921a
loo
"
25
"
25
Calumet A Uecla
"
25
Canton Co
(BalLj.lOO
"
ConsoliiiatedGas
100
Erie Tele phono (Boston). 100
Lanisnn .store Ser. "
50
Lehi'b CoalAXuv ThU,,
50
N. Kne. Telephone ^/{'wfnJlOO
North .\merlcan. r/Vii7.;.100
Thouison-H'uKl.irrBojfn; 25
Preferred
"
1]
25
West End Land..
"
' Bid and a.«ked pneep;
204
43
'•
1514
260
1U9
109
-64%
47
*50i3
ie>4
46%
26%
70
A
Ijiw.. (Uo»to»).100
Maryland Central
Mine um A S. Haven
KcsquehonineVal
50
(PAite.). 50
"
50
Northern JJ. H
(Boston). 100
North Pennsylvania. (i'Ai/u.). 50
Oregon Short Line. ..fitoston;. 100
ParkerslMirK
(Bait.) 50
(Bait.)
Pennsylvania A N.W. (PAi/o.) 50
Kaleigh A Gaston
(Ba/(.)I00
Kntland
(Boston). 100
Preferred
Seaboard A Roanoke.
l«t prefcncd
,
West End
100
100
100
{Bait.)
'•
{Boston)
(PAiYa.).
"
{Ball.).
"
"
50
.
"
Preferred
West Jersey
W«st Jersey A Atlan.
Western Maryland..
Wilni. Col.A AuRusta
Wilniintrl'n A Weldon
50
50
50
50
100
100
Wiscon.sin Central.
(Boston). 100
Preferred
"
100
Worc'st.N'ash.ARoch.
"
100
.
MIS( KLLAJiEOCS.
Allouez Mlnine
{Boston). 25
Atlantic Miidnir
"
25
City I'aKScnKcr KK... {Ball.). 25
Bay
State Gas
{Boston). 50
Bo.ston Land
"
10
Centennial Minini;...
"
10
Fort Wayne EL-ctrlcU
Franklin Mining
Frcnchni'u'sBayL'ud
"
"
"
Huron
5
"
"
25
100
25
.Mining
Illinois .>teel 11
Kcarsark.'!- .Minini;
"
25
25
Morris Canal Kuar. 4. (PAi7a.).100
Prcfi rrcd guar. 10
'•
100
Osceola Mining
{Boston). 25
PewaWic MIninK
Pulluiau Palace Car..
"
"
Uuincy MininR
Tauiaraek Minlns
"
"
Thouis'nElee.Wei'j'Bll
••
\ Unlis ed.
i
15ij
'225 14
8I4
92iSs
42'a
151a
260
481.J
161s
47
25
100
25
26
100
46% 46%
90
•5
21
21
83
86i)f>
44
481s
21% 21V
21ia
21^
30 >a
40
39
39°F
1071* 1071s
6514 651,
26% 2714
70ie 70''?
14
1,442
21
83
665
750
387
810
129
27
87
22
43% 44
261s
4818
108
5% 5%
49% 50 1»
5H
61a
50
4914
225 13
22514.
814
8'4
8 '4
923?
90'8
I6I4
4714
'-
92^ 92
205 H. 205
4^H
15%
8i«
262i«
260
56
•50
48% •48
•481a
161a
4718
4714
50
17
51
260
60
•481a
17 1« 171s
47 18 47^
•50
17
16%
17ie
471a
47%
47% 48
26
26
26
26
22!%
23=8
Ask.
90%
91H
921s
205
41% 41%
15% 15%
•50
481a
51
Bid.
Delaware A Bound Br.(P/iiio.).100
Hiir.Ports.Mt.JoyAL.
"
50
Kan. C'y Ft. 8. A Mem. (Boston) .100
"
K.C'yFt S. AGnlfpf.
100
K. City Mem. A Blrm.
"
100
Little Schuylkill
(PAi/a.). 50
14,982
17,700
82% 83
48%
271?
7l3f
2214
22
221a 22%
no sale was made.
Atlanta A Charlotte (Balt.).lOO
Boston A Providence (l/osto«).100l
Camden A Atantic pf. {Phila.). 50
Catawissa
"
50
1st preferred
"
50
2d preferred
"
50
Central Ohio
{Bait.). 50
"
Charl. Col. A Augusta
100
Couneeticut A Pass. (Bogfou). 100
Conuectieut River...
"
100
0414
'
22
48% 48%
142
21
39 14
107
•65
21%
39%
108%
65%
165
165
911a
*25% 26
Inactive Stocks.
6314
44
•65
'6»ia
490
00% 91%
03»8
22 1«
44
41
4714
OM
90''8
2514
8514
•21 la
1718
2251s
5
•6
.50%
5114
riot's
10
73
32
2H
80%
'
205
26D
56
*48
48I3
'16
rriccs of April 24.
Munche.'iter
01
9214
206
43
'
24
85 Vi
•21
177
201
20
38
63
•4515
•5
ZOi«
5l4
2014 21
83it.
21
85
85
21% 22 14
514
20
niKCellanennii Stocks.
Ani.9ui,''rKe«n.Kr£o»i!on;
Preferrcfl
"
89I4
8914
llfl
203%
"48% "48%
29 H
(r/iila.).
Erie.
O's
48
Si's
A
'
225% 225% 225
8h
8I4
8%
•8M
Wg
89ie
91ifl
8818
....
5II4
I^iwent,
IllKheiit.
21%
85%
161s
51%
Philadel.
Hliaren.
84Sg
26% 271s, 26% 26''e
2614 27
69 's 70%
70 la 71
69% 7()'8
165 165
165 lG5is 105% 1661*. 166 1661
52ie
51% 5218 52
52
52% 52 14 52% 52% 520(,
•28i«'
•29
•28% 29%
29
29
16isl614u
le^s 16'e 169,. 1616,
16% 17
16%161»„
50 •28
Phila.AKeadins
50 167i.
Pumuilt Branch (Boston). 60
'•
Union I'aclac
lOO •47%
United Cos.of N'. J.ri'At7o.>100 225 14
Pennsylvania.,
II8iv
•117
1171a 118
203 \ 203 203 1« 203% 203% 203%
177
177 177
177
2U1
2001a 2001; 200ia200it '200
18% 10
19
19
19%
19)a 19%
•36% 37
•37%
37
87
38
87
881a
•5%
*5>a
lOO
191a 19-%,
lOO 83 >9 83 >«
FI. A Poro Murq.
26
100 •H
"
Preferred
85
100 85
Himt. A Hr. Toi). rPA«o A 50 *22>4 22 1«
"
I'referrod
45
45
CO
"
r^hlKh Valley
48 >9 485(1
.50
Maine C'eutral (Boslon).lOO
"
Mezloan Central
100 2038 21
N. Y. AN. Eng.
"
100 37% 37%
'<
Preferretl
loO 109 llOis
Northern Ceiifrnl (Ball.). 50 *64ia
Northern PiielUor/'AiYa.^.lOO
26
26%
"
Preferred
loO 6808 691s
Old Colony
165
IBosloni.lOO 165
PltchlHirK prof.
18%
02
\V.
6''8
•85
85
BAiige of uiM Id 1891.|
Week,
Friday,
April -24.
330)1
119
118
203 >« '202% 2031a 203
177 177
2(k)is 200 la 2001s 2"du'ia
«1»8
Mh-h. (Boston). 100
"
Cnutou
100
F.
Bales
of the
Thnrxday,
la.
April 28
•1.10
37
87 's
f>l>8
A- .St.
...
...
*18'4
•36 >«
88>4
(PhU.).im
Chic. Mil.
For Centam Prices.
Monday
A H. Vo (Uoslon).\00
BaltliUDio
— not
Prices
Bntnrdar,
1,693
Mar.
4'SMar.
8.5
Mar.
127 Jan.
113 Jan.
192 Jan.
173 Mar.
108 Jan.
16% Jan.
34% Jan.
75''9 Mar.
Jan.
41 Mar.
5 Mar.
17 Mar.
82 Mar.
18 Mar.
34"ii
24
6
13
12
H
Apr.
Jan.
Jan.
131
Apr.
no Apr.
205 Jan.
183% Keb.
209% Feb.
•20% Jan.
40 Feb.
'J3% Jan.
64 14 Apr.
51
Jan.
7 Jan.
21 Apr.
85% Jan.
26% Apr.
70 Mar
8608 Apr.
17% Jan. 2 23 Feb.
43 14 Mar. 20 46% Jan.
46I4 Mar. 25| 51 Feb.
140 Jan. 13 146 Feb.
93%
M
3:i8
6,633
105
18,081
1200
4,769
225%
49
300
90%
15,876
17% Mar.
231
6
22
5
23
23
10
9
3
Apr. 141168 Jan. 6
5018 Jan. 2 520g Apr. 24
28 Mar. lol 32 Feb. 10
I414 Mar. 101 17»
Jan. 7
4% Feb.
6% Jan. 12
42 Jan.
5I14 Apr. 23
225 Jan.
230 Feb. 5
9 Feb. 11
7% Jan.
1C4
58I4 Jan. 17
92% Apr. 20
92 14
92
880 84% Mar. 11 94 Jan.
693 tl81 Jan. 29 220 Jan.
205 207% 205% 207
42 14 42% •42
42% • 1,763 3!ii4Jan. il 46% .VI ar.
I514 1514
15% 15% 15% 15%
Jan.
960; 1314 Jan. 2 17
255 260
260 260
253 260
67 246 Jan. 3 280 Mar.
54
•54
4914 Jan. 27 55 Feb.
66
56
•43
-48
48 14
48
48 V)
48
350 45% Jan. 7 49 Jan.
•49
'49
•49
50
10 4608 Jan. 3 50% Mar.
50
•17
18
17% 17% 17
17
218 15 Mar. 30 24 Jan.
4818
48
48
48
48
48
1.194 46 Mar. 25 48% Feb.
•50% ...
•50%
6 50 Jan. 3 52 Jan.
•501a
17
17% I714 17»x 1608 17% 3,S90 12% Jan. 2 19% Feb.
47I4 47%
47% 47% 47% 48
4,068 4li4Mar. 10 49 Jan.
2.^ '8
26
26
26
849 25 Feb. 5 26 Jan.
25''a 26
2413 24%
24
2414 19,489 21
Mar. 13 24% Apr.
231a 2414
92
205
411a 42
f£x
Ask.
13
24
9
24%
911a
Bid.
5
12
19
2
11
Jan. 14
3218 Mar. 9 41=H Jan. 15
65 102% Mar. 9 11614 Jan. 15
2.5
64% Mar. 23 66% Feb. 6
8,235 21% Jan. 2 290b Jan. 13
20.741 esog Jan. 2I 74 Feb. 10
8,902
12,259
205
Inactive stocks.
16
20
5
23
rights.
Bid.
Bonds.
14
14
31
14
31
27
14
31
9
10
9
17
31
Ask.
1919, Var 112
"
2if
100
1913, JAD t .... 106
"
50 13% 13% Pa. A N. Y. Canal, 7s. .1906, JAD, 120%
94% 95
253
Consol. 5s
1939, AAO
Bonds.— Boston.— „ ^. ^ , „„
7914 Iperklomcn, Ist ser., 58.1918, Q-J 101%
30
At.Top.AB.F.100-yr.4{;.,1989, JAJ S 79
7
Pnila. A Erie gen. M. 5g.,I920, AAO 111
7% 100-year income 5 (?, 1989.Sept. 5 4909
99
19'20, AAO'
Gen. mort., 4 g
87% 58 Burt. A Mo. River Exempt 6s, JAJ SI 12%
1918, JAJ 4 04%
55
Phila A Head, new 4 g., 1958. JAJ t 79% 79«(i
Non-exempt 6s
1910,JAJ5
50
Plain 4»
Ist pref. Income, 5 g, 1958, Febl: I 5314
101
2d pref. income, 5 g, 1958, Feb. 1 »
Chic. Burl. A Nor. I8t5,1926, AAO $100
102 14
1918, J AD, 5101
1119%
S3
3d pref Income, 5 g, 1938. Feb. 1 t
2d mort. 68
1896, JAD^ioo% 101
218
1893, AAO 106%
Debenture 68
2d, 78
90
129
150 165
Chie.Burl.AQulncy48..1922,FAA,5 88
Consol. mort. 7s
1911, JAD| 128
lillH.AAOS 90
92
1911, JAD; 116% 120
77
Consol. mort. 6 g
Iowa Division 49
95% Improvement >I. 6 g., 1897, AAOj 104 105
IChlc.AW.Mich. pen. ,58, 1921, JADiS
Con. M., 5 g..atamped,192-2, MAN 101% 102
iConsoLof Vermont. 59.1913, JAJ S 88%
Phil. Wilm. ABalt., 48.1917, AAO
iCurrent River, let, Ss.. 1927, AAOlM
110
Pltt8. C. A St. L., 78....Ta00. FAA i'ls"
66
Det. Lans. A Nor'n M. 78 1 i>07. JAJ
40
Po'kcepaie Bridge, 6 g. 1 936, FAA
Bistem 1st mort. p.. ]'J06, MAS Sim'
iJ«ree.Elk.AM.V.,lst,«s.l9.'!3,AAO
Schuyl.U.E.8ide.lst5 g.l'J35, JAD| 105 106
66I4
Stcuben.AInd,,lstm.,58.1914,JAJ
Unstampedlst, 6S....1933, AAO I
95
dS
lK.C.C.ASprinK.,lst,5g.,1925,AAO
1894, AAO 105
UnitcdN. J.,0g
53%
Warren A Frank., lst,7s,1896,FAA 108
K. C. F. S. A M. con. 68, 1928, MAN 108
'si
81% K.C. Mem. A Blr.,l8t,.5s,1027, MAS 88% 90
Bonds.— Baltimore.— ,.,
28% 29% K.C. St. Jo. A C. B., 73. 1907, JAJ tll7 117% Atlanta A Charl., l8t79. I'JO/, JAJ 120 121
1'JOO, AAO 102%' 103
97%
Income 68
IL. Bock A Ft. 8., l8t,7s. .190.5, JAJ r 95
98 1100
Baltimore A Ohio4g., 1935, AAO
49% lLoul8.,Ev.ASt.L.,l8t,6g.l926,AAO
1936, AAO
107
Pitts. A Conn., 5 g. .1925, FAA 104
2m., 2-6 B
19'25,AAOSl.
Staten Island, 2d, 5 g. 1926, JAJ
'Mar. H. A Out., 6s
"05" "oe"
1923,JAD5l01
Bal.AOhio 8.W.,l»t,l%g. 1990, JAJ
62%
Exten. 6b
Mexican Central,4 B...1911, JAJ 5 72% 73 14 CapcF.AYad.,8er.A.,6g. 1916. JAD! 101%102
lsteon8ol.tncome9,:tK,non.cum. § S6%
1916, JAD; 101
102
Series B., 6 g
21
1916, JAD; 101% 10'2
Scries C, 6 g
83
83% 2d consol. incomes, 3s, non-emu. iS 20
1930, MASI
85)4 85% IN. Y. A N.Eng., 1st, 7», 190.5, JA.) Sl21% 1'22
Cent. Ohio, 4% g
1905, JAJ 5114
Chari. Col.AAug. 1st 78.1895. JAJ iiis" i'o'gia
55
Istmort. 68
lOOj.FAA 103 105 Ga. Car. A Nor. Ist 5 g..l929. JAJ 101% 101%
28
2dmort. 6a
1902,
58,
FAA
1900, JAJ 114 llUig
scaled,
.
il03
North. Cent. 68
16
mort.,
16% 2d
106
1904, JAJ 116 !ll6>a
107 110 'OKden. A L. C.,Con.6».1920.AAO§
68
-19'.!()
HV.'O, JAJ 108%'
110 125
Series
A,58
Ine.68
19'25, AA© 103
1902, MAN 5
21
4%S
Rutland, Ist, 68
FAA
g.l937,MAN
Oxf.AClark.,lnt.gu.,6
103% 105
1898,
}100
2d, 58
Piedm.A Cum., 1st, 5g.l911, FAA
101
124
ends,— Philadel ihialOs,
3
JAJ
109%
Pitts.
Connclls.
I8t78.1898,
JAJ
Val.,'7
ihiIo,
A
113%113^
env
314
3% Atlantic City Ist f>9, g., 1919. MAN 101% 105% Virginia Mid., 1st 68...190C, MAS 117 118
1911 MAS 116 117
2(1 Scries, 68
16% 16 Belvidcre Del., Ist, 69. .1902, JAD
1916, MAS
80
lyoO.FAA 117%
3d Series, 69
81
Catawlssa, M.. 78
82
1921, MAS
31 31% Char. Cln.A Chic. 1 St
'M7.q-J
4th Scries, 3-4-58
l'.»26, .MAS 101
101 >a
6% 6 ;ciearaeldAJcir..Ist - n>-'7,JAj 126" 126' 5th8crie8, 68
"11
1911,
JAJ
108
(Is
West
Va.C.AP.l8t,6g.
16^ 16% ConncctiUK.
(M.MAS
1081a
'.'.'-'.'.
l'.M).->, FAA
95
i'27%
07
West'n N.C. CousoL 6 g.l914, JAJ
13
13% Del. AB'dBr'k, 1st.
I'.i-J(i,MAN| 111% 112% WUm. Col. A Aug., 69. .1910, JAD 117%[118^
16% 17% EastonAAni. Ist.M..
lino, JAJ. 113
MIKKLLANG0U8.
5%
Elmlr. AWilni.,Ist,'
Baltimore—City UallOs.lOOO.Q—J 118 119
2% 2'8, Ilunt. A Br'd'l'op,Cou.38.'95,AAOi 101
108
1900. o—Jl 117% 11814
FuudingOs
69%_ 70 iLehigh Xav. 4%8
1914, O-J
112
WestMaryPdRB. 6S..1902, JAJ 120 123
1314 14
1897, JAD 111%
2d6B,injld
1916, MAN 123
121>s
Water .58
78
General mort. 4%8, (<.1924,Q—F 100% 101%
124
1916, MAN 1-23
FundlngOa
193
Lehlgli Valley, 1st 68.. .1898, JAD 114
1930. JJkJ 103% 103%
36%' 2d78
36
1910,M&8 131 l'3'i% Exchange 3%s
10714
JAD
108
1900,
128
Cbesai>eakuGa«.6s
1923.JAD
ConsoLe
1010, JAD 112% II3I4
Consol. Gas, 6»
193 194
North Peun. Ist, 78.... 1896, MAN, 114'4 115
1939,JAJ 98% 100
58
1908, JAJI 124
105 110
Gen. M. 7b
106
1913, AAO 105
148 150
Pennsylranla gen. 6s, r..l910, Vor, 127 i"2"3"' lEqultable Gas, 68
1932, JAJ
64% 66
new.
(HtfctolSe.
Virginia
121
Con»oL6»,c
1906. Vnr 119
And accrued Interest,
(Boston) 100
Thom.Europ.E.WeldU
Water Power
WestinRhouao Elec.H
60
55
Penna. Consol. 58, r
CoUat. Tr. 4% K
.
i
'
I
w
I
.
I
'
I
.
I
.
i
.
I
I
'
I
j
.
<
1
2m
I
-
1
I
I
I
g
I
:
;
i
I
I
I
1
I
I
I
'
,
i
'
\
Last price this week.
I
THE CflRONlCLR
686
NEW lOBK STOCK EXCHANGE PRICES
lOtos'Hg
I
BaILROAD and MI8CKL. BONDS. Inj^'jl
(Contlnwi).- ACTIVE
Range (sola) in 1891.
,^^\'T,;;;i^r^r^K^
Lowest.
-ii
Period. Apr.
[Vol. Lm..
BONDS APRIL
24,
AND SINCE JAN.
I
Bailroad and Miscel. Bonds.
i§9t.
I,
\OMs'ng Range (tales) in 1891 -
I
Inter' st Price
Period. Apr. 2i
\
EighetL
Lowest.
I
N.Y. Central— Extend., 58.1893 M & N,103 b. 101% Jan. IO314 Mar..
75 Mar. 8O14 Apr.
Ist, coupon, 78
1903 J <fe J 127
126 Mar. 127i4Apr.
53 Jan.
3838 Mar.
49;e
1989, Sept.
100-year incomcSsr
Deben., 58,coup., 1884.. 1904;M & 8 106 b. 106 Mur. 110 Jan.
14 Jan.
Mar.
11
....
13^
AU. & Pac.-W.D. Inc., 68.1910J
N. Y. & Harlem— 78, reg...l900lM & N|117i2b. 121 12 Feb. 123
Mar.
75 Jan.
Mar.
71
Guaranteed, 4 s
l^E\ f ^'i?n
N.Y. Chic. & St. L.—4 g... 1937 A & ol 92=8
91 Jan.
95% Jan.
10878 Apr. 112i4Jan.
110
BrooWnElevat'dl8t,6,g.l924 A &
1906 J & J!l]4isb. Ill Jan. 115 Apr.
N. Y. Elevated— 78
Jan. ll07'4Feb.
105
Can.Qoath.-l8tguar.,58 jaoS i
ORit
N.Y. Lack. &W.— Ist, 68.. 1921 J & J 130 b. 127% Jan. 132 Jan.
951a Jan. 100 Feb.
& i8 96^8
1913
2d 5s
1923F & A *109 b. 108 Feb. 108% Feb.
Construction, 5s
Jan. 118 Mar.
Cei.traldi"N.J.-Con8.,78.1899Q-J |118 a. 115
N.Y.L.E.&W.— l8t,con.,7g.l920,M & 8 134 b. 133 Jan. '137% Feb.
Jan. 123 Mar.
121
Consol.. 78
1893|J & D,107 b. 105 Jan. 107% Apr.
111
Apr.
}r'.'it^^
"^'i??'
Long
Jan.
Dock,
78
107
General inortgaKe, 5 (f-19»7 J <s JiJii
1935 A & 0|ll7iab. 115 Jan. 1118 Feb.
Consol., Og
110 Feb. 113 Jan.
Leh.&W.B..col.,7s,a8-d.l900i Q-M 111
1969IJ & D 10238
96=8 Jan. 10238 Apr.
9512 Mar.
98 Apr.
2d
consol, 6 g
do. mortKaee,58
}^},^\^ f- ^
r,nRi. 105% Mar. 1081a Jan.
110 Mar. ill5 Feb.
N. Y. Ont. & W.— l8t, 6g..l914;M & 8 IIII2
Am. Dock & Imp, 58... 1921 J & J,110%b.
'?^J«h 118i« Apr. 112% Mar.
95isb. 92% Jan.
1939
J
&
D,
97% Apr.
Consol.
l8t,
5g
Central PaciHc-Gold,68..1^98!J &
N Y.8U8.&W'.—l8tref.,5g.l937 J & J 99%b. 94 Jar. 100i4Feb.
Apr. 117% Mar.
b. 114
cues. & Ohio-Mort., « g..l;^ll|A & O 110
112
115%
lOOia
1910
A
&
0,113
b.
Feb.
95'3
Feb.
Midland
Jan
99
Jan.
of
N.
J.,
6
g....
12
l8t consol., 5 g
JS39M
Norf. & W.— 100-year, 5 g.l990 J & J 93iib. 93
Jan. 100% Feb.
B.&A. I)lv.,l8tcon..4g.l9g9lJ & J 69i8b. 67 Jan.
j!ll6%b.
71i2Feb.
1921
113
Jin.
117%
Apr.
North.Pac—
J
&
Ist,
coup.,
6g.
do l8tcon.,2-4g.l989 J & J]
II414 Mar,
73 Feb.
General, 2d, coup., 6 g..l933 A & 0,111 b. 110% Jau.
68 Jan.
~
do 2d con., 4 g... 1989 J & J 72isa. 104
113i4Feb.
112
DillO
Apr.
g..l93'
J
&
107%
Jan.
Jan.
General,
coup.,
6
3d,
1911 F & a! 108
Ctes. O. & 80. W.-6g
1989 J & D, 83%
85'8Jan.Consol. mort., 5 g
80=BApr.
12113
1211s Jan. 123 Jan.
Chic. Burl. & Q.— Con., 78.190J J & J
103 Apr. 109 Feb.
981* Jan. 102 Apr.
North. Pac. &Mon.—8g...l938;M & 8 104
AN, 102
1913
Debenture, 58
6g..l933|J
J|10a%a.
105
110
Mar.
95
Jan.
North.
&
Jan.
88
Feb.
Pao.
Ter.
Co.—
A
88
F
&
"sb.
1922
Division,
48
Denver
8412 Mar.
88% Jan. Ohio&Miss.- Con8.8.f.,78.1898 J & JlHl b Ill Mar. 112 Feb.
87
Nebra-'ka Extension, 48.1927 M
&J*110%b.
Ill
111%
Jan
113
115=8
1898
J
M.r.
Jan.
Apr.
Consol.,
11414b.
78
&
D
J
I8t,8.f.,6s.l907
111.—
Chic. & E.
g...l921 J & D 108
Ohio Southern— 1st,
103% Jan. UO .Mar..
1934 A & 0120 b. 1191a Apr. 121 Jan.
Consol., 6g
59
63
100
1921
M
&
N
Jin.
Feb.
Jan.
Apr.
General
55
95
mort.,
4
100
g
&
N
.1937
58.
1st,
General consol.
58% Jan>
53 Jan.
& J 90 b. 831a Jan. 89 14 Apr. Omaha & St. Louis—4 g ..193? J & Jl 57
Chic, lias L. &C.— l8t,5g.l937
la Feb.
DlOO
b.
103%
Feb.
120
125
Oregon
g.l910
&
90
Jan.
Jan.
Imp.
Co.—
6
Ist,
&
1905
j11251s
78.
P.—
Con.
Chic.Mll. & St.
74 Feb..
1939
& O 69
66 Apr.
Consol., 5 g
& J 113 a. 110 Jan. I1214 Apr.
1st, Southwest Dlv., 68.1909
114
10814b.
109%
Feb.
110
&
J
107%
Jan.
Jan.
Feb.
Ore.E
&Nav.Co.—
I8t,6g.l909
Jlll^b.
&
68....1910
Div.,
Ist. Bo. Min.
104 Jan. 1061a Jan.
1925
&T> 93 a. 92 Jan. 100% Mar.
Consol.. 5 g
& J 106
Ist.Ch.&Pac W.Div., 58.1921
106
105%
Jan.
9412
1921
Mar.
Apr.
98
Jan.
Pa.
Co.—
&
J
104%
coupon....
98
a.
&
j[
4%g.,
5s.l92G;J
ifcMo.Eiv.Div.,
Chic.
~"
101
Jan. 103 Jan.
Peo. Dec. & Evansv.- 6 g 1920
& J 107 b. 100 Jdn. 1 05 Mar.
Wis. & Minn. Div., 5 g.. 1921 J & J 101 Sab. '""
Evansville Div.,6 g....l920 M & 8 101%
95 J <D. 103 Feb.
1914 J & j!i02% 100 Mar. 102% Jan.
Tenninal,5 g
84I2
Mar.
87
1926
M
& N, 74% 66 Jan. 74% Apr.
Feb.
2a mort., 5g
Gen. M.,4g., series A...1989;J & Ji'85 a.
80 Feb.
112
A
75%
75 Apr.
Jan.
Feb.
Peoria
&
East-Cons.,
1940,
&
O
Dilllisb.
4s.
&
1071s
J
1910
North.—
M.L.,(j8.
Milw.*
22 Jan.
1990 April. 22 a 18 Jdn.
Income, 48
1913 J ,& Dill b. 107 Jan. Ill la Apr.
1st, con., 68
77''8 Miir.
82 Feb.
Phila. & Read.- Gen., 4g.l95s|j & J 79'8
Chic. &N.W.—Consol., 7s. 1915 Q-F 139 b 136% Feb. 139% Apr.
125
Jan. 127% Feb.
55
47% Mar. 58 Jan.
1st pref. income. 5 g
1958| Feb.
1902 J & D 12o'sb.
Coupon, gold, 78
37
32 Mar. 38% Jan.
115 a. 115 Feb. 115 Feb.
2d pref. income, 5 g
1958, Feb.
.1929 A &. O
Sinking fund, 68
„ ,„„ ^
28I4
25 14 Mar.
30 Jan.
3d pref. income. 5 g
1958; Feb.
1929 A * O 106 b. 105 Jan. lOSHFeb.
Sinking fund, 58
Jan. 109 Feb
Pittsburg & Western— 4 g. 1917 J & Ji 79
75% Jau. 81 Feb.
Sinking fund deben., 58.1933 M & N* 107%b. IO6I9
104
118
Jjll4
b.'115
Jan.
Kich &Danv.— Con.,6g..l915lJ &
Jan
la Jan. 105% Apr.
25-ycaf debenture, 5... .1909;M & N 105%a.
91% J^n.
1936 A & O, 86
86 Apr.
Consol., 5g
1926 F & A| 94 b. 941.2 Apr. lUO Jan.
Extension, 48
96 Apr. 100% Jan.
Rich.&W.P.rer.-Trast,6g.l897|F & a! 95
Chic.Peo. &St.Loui8— 5g.l928M & B, 9614b. 95 Apr. 100 la Jan.
124 Jan. I2714 Feb.
Con l8t&col.tru8t,5g.l914|M & 8; 69%
67 Apr. 75 Feb..
Chic.K.l.&Pac— B8,coup.l917jJ & J 126
99 12 Jan.
77% Feb.
9514 Mar.
74 Jan.
Rio G. Western- ist, 4 g..l939 J & J 77
Extension hnd col. ,58... 1934 J & J, Se^g
105 Jan. 114 Mar.
K. W. &Ogd.— Con.,38....1922:A & O 110
Chic.St.L.&Pitt.-Con.,.5g.]932 A & O 101 b. 100 Feb. 101 Mar.
8t Jo. & Gr. Island— 6 g.. 1925 M & N|*85%b. 82% Mar. 92% Jan.
Chic. 8t. P. M.&O.—6S....1930 J & D 11814b. 116 Jan. 119 Jan.
86I2 Apr.
9OI2 Feb.
8tL. Alt. &T. H.— Ist, 7s. 1894' J & J|109 b. 110 Jan. 110% Mar..
Cleveland&Canton—5g..l917 J & J: 871^
129 Jan. 132 Feb.
2dpref.,7s
1894 F & A 105 b. 104% Feb. 107 Jan.
C. C. C. & I.— Consol., 7 g. 1914! J & D 129
84^8
St.L. Ark.&Tex.— l8t,6s, t'st. rec.
78% Jan. 85 Apr.
Mar.
1934;J & J 115 b. 117 Jan. 121
General consol., 6 e
21 Jan.
17 14 Mar.
19%
2d, 68, 1936. tr.rec.allase.pd.
1900 F & A 103i«b. 102 Jan. 106 Jan.
Col. Coal A; Iron— 6 g
'="
Apr.
60 b. 62
71 Jan.
St L. AlroiiMt— l8t78...1892F & A 102% 101% Feb. 105 Jan.
Col. Midland— Con., 4 g... 1940, F
1897M & Nll08i4a. 105 Jar. 108%Ai)r..
86 Jan.
2d,7g
Col.H.Val.&Tol.— Con.,5g.l93I M & 8 80ieb. 7912 Api.
1904lj & d! 8538
84 Jan.
CairoArk. &Texa8, 7g..l897 J & D 05%b.'l03% Jan. 106% Mar.
87 Feb.
General, «g
93% Jan.
g9%a.| 89% Apr.
Gen. R'y &landgr.,5g..l93l|A
Denver & Rio G.— Ist, 7 g.lOOOiM & n;11912 116 Jan. 1191a Feb.
83 Feb.
8tL. &Sa"uFr.— 8g.,Cl.A.19O0 M & NilU%b. 110 JdU. 1 10 Jan.
1936'J & J: 8212a, 79 Jan.
l8t consol., 4 g
Nlll%b.'lll Jan. 113% Apr.
91 Jan.
1900
6 g., ClassB
Det.B. City* Alpenar-6g.l913 J & Jrvo
961s Feb.
32 "4 Feb.
1906;M & N|lll%b. Ill Jan. 113 Apr.
291s Jan.
6 g.. Class C
Det. Mac.i M.— L'dgrants. 1911 A & O, 31
95 Jan. 100 Jan.
General mort., 6 g
1931 J & j1102 b. 104 Apr. 110 Jan..
Dul. & Iron Range— 58.... 1937 A & O 98
95 Jan.
99 Feb.
S.P.M.&M.— Dak.Ex., 6g.l910iM & N,116% 115 Jac. lis Jan.
Dul. So. 8h. & Atl.— 5 g. .1937 J
J 97
101 Jan. 104 Jan.
Ist consol., 6 g
1933 J & J 115 b 114 Mar. 117 Feb.
E. Tenn. V. & G.—Con., 5 g. 1956 M & N 102
103i4Jan. 10918 Apr.
do
reduced to 4% g... J & J'lol a. 100 Mar. 102% Feb.
Knoxville & Ohio, 6 g...l925 J a J 108
87 Jan..
MontanaExten8ion,4g. 1937 J & D 85 b. 80 Jan.
95 Jan.
EUz. Lex. & Big San.— 6 g.l902 M & S'88 b. 88 Apr.
Ft W. & Deny. City—6 g..l921 J & D'10J38b. 9978 Jan. 105 Jan. SanA.&Aran.P.— I8t,6g.l910 J & J 60%b. 62 Jap. 74 Feb.
73% Feb.
62 Jan
& N,*94 b. 931s Jan. 941a Apr.
Gal. H.&San An.-W.Div.l6t,5 g.
lst,6g
1926J & J 69%
133 a. 126% Jap. 133 Apr.
Han. & St. Jos.— Cons., 6s.19H'M & 8 112i2b. 1 10 Mar. 117 Jan.
Shen.Val.-let,7g.,tr. rec. 1909
6II4 Jan.
minois Central—4 g
1952;a & O 94 b. 94 Apr.
97 Mar.
Gen'16g.,Tr. rec. a88't'd.l921
54 b. 61 14 Jan.
Jan. 115 Jan.
107
Int. &Gt.No.— l8t,6g....l919M & N 113%b. 111
103 Jau. 107 Feb.
So.Car.— 1st 6g.,excoup.l920
27 Apr..
2314
Coupon, 6 g., trust rec..l909!M & 8, 72iiib. 68 Mar. 76 Jan.
13 Jan.
Income,6s
1931
Iowa Central— let, 5 g
1938 J & D 86
80% Feb. 86 Apr. 80. Pac., Ariz.— 6 g
1909-lOlJ & Jil03 b, 101% Feb. 103 14 Jan.
78I3 Jan.
Kentucky Central—4 g. .198 J & J 81%
8o.Paciflc,Cal.—6g.... 1905-12 A & O 109 b. 109% Apr. 114 Mar.
821a Jan,
Kings Co. El.— l8t, 5 g....l925 J « J 98i2b. 9718 Apr. 100 14 Jan.
Jao. 101% Mar..
Ist, consol., gold, 5 g.... 1938 A & O 99 b.' 99
103% Jan.
Laclede Gas— Ist, is g
1919 Q-P 80
77 Mar. 82I2 Jan.
1911 J & J 103 b. 102i4Ja
So. Paciflc,N.M.— 6g
94 Jan.
10518 Jan. lOO'eJan.
Lake Erie & West.- 5 g. .1 937 J & J 109
Tenn.C.I. &Hy.— Ten.D.,lst,6g A & O *88 b. 86 Jan.
96% Jan.
L. Shore— Con. cp., Ist, 78.1900 3 & J 12214a. 1201a Jan. 122% Jan.
Birm.Dlv.. 6g
1917 J & J 93%a. 93 Jan.
90% Apr.
Consol. coup., 2d, 78.
1903 J i D 123isa. 1 22 Mar. 124 Jan.
Pac—
90
Jan.
l8t,
D
85%
Tex. &
5 g
2000 J &
3514 Jan..
Long Isl'd— Ist, con., 5 g.. 1931 Q-J I115
2914 Mar.
110% Jan. 1151s Mar.
2000 March. 34%
2d, Income, 5 g
99% Feb.
General mortgage, 4 g..l938 J & D, 9214a. 90 Jan.
&N.
97
a.
92i2Jan.
A.
M.—
93
Jan.
1924 M
Tol. A.
6g
IIII2 Apr. 115=8 Mar.
Louis. & Nash.- Cons., 78.1898 A & O 111%
104 Jau. 107% Mar..
Tol.A.A. &Gr. Tr.— 6g....l921 J & J 107%
Jan.
N.O. &Mob. l8t, 6g
1930 J & J1II6 b. 114 Jan. 118 Feb.
107%
°8
Ohio
Ceut—5
106
102
Jan.
Tol. &
1935 J & J
g
do.
77 Jan.
2d. 6g
1930 J & Jllll a. 106 Mar. 108 Feb.
Tol. Peo. Ji West— 4 g
1917 J & J 73%b. 74 Jan.
IIII2 Mar. 11314 Apr.
E. H. &N. 1st, 6g
1919 J
d1i13
91
Jan.
Kan.
84%b.
82
Apr.
L.
D
&
Tol. St
6 g.. 1916 J &
General, 6g
1930 J & D 11314b. 1 13 Feb. 114i4Apr.
1899!J & J 112 b. 112% Apr. 114% Mar.
Onion Pacific— 6 g
-11134
Collateral trust, 5g
Feb.
1931
& N 103
101 Jan. 1031s Feb.
Mar.
Slnkine- fund. 8s
108
b.
107
1893 M & 8
Louis. N.A. &Ch.— Ist, 68.1910 J & J '10912b. 101
74 Apr.
Mar. Ill Jan.
4
69 Feb.
CoUat. trust 4%
1918 M & N
Consol., 6 g
1916 A & 0| 94
84 Mar. 98 Apr.
KansasPacific— Ist, 6g..l895'l'"
107'4b.'108
Mar. 11 1 Jan.
Loul8. 8t. L. ATexas—6g. 1917 F & a! 84%
78 Jan.
88 Jan.
l8t,6g
1896J & D lOliSsb. 108 Mar. 109 Mar.
Metro. Elevated— let, 6 g. 1908 J & J114%b 111% Jan. 115 Feb.
DenverDiv.— 6 g
1899, M & N lll%h. 111 Jau. llli4Mar.
2d, 68
1899, M &N*|]07iab.il04
Jan. 108 Apr.
_
Jhu. 111% Apr.
lstcon.sol.,6g
110=8b. 108
1919 M
Mich. Cent.— Ist.con., 78. .1902
& N 123 b.'l22 Jan. 1241s Apr.
Oregon Short Line— 6 g..l922!F & A 10238 100 Mar. 106% Jan.
Consol., 5s
1902
& N 10714b. '107 Mar. 108 Feb.
Or.S.L.&Ut'hN.— Cou.5g.l919 A & O 78i4b. 73 Mar. 80% Feb.
Mil.LakeSh.&W.— I8t,6g.l921 M & n:125 b. 118%Jan. 127 Apr.
82 Jan.
U.P.l)en.& Gulf con. 5g.l939lJ & .D 7938
78 Jar.
Extcn. &Imp.,5 g
1929'P & A 98is
98 Jan. 101 '8 Jan.
Union Elevated— 6 g
1937 M & N 110% 106 Jan. 110% Apr.
M. K. &T.-l8t 48,g
1990J & D 7716
74%Jan. 79% Feb. Virginia Mid.— Gen. m.,5s, 1936
89% Feb.
81 Jan.
& N 86
2d 48,K
36i2Jan.
1990'F & a! 42%
90 Feb.
4412 Jan.
stamped guar.
89 b. 83 Jan.
do
Mo. Paclftc— l8t, con., 6 g.l920 M & N »1 10 b. IO514 Jan. HI Mar. Wabash- 1st, 5 g
102
Feb.
1939
& N lOl'e 98 J+r.
3d,78
1906 M<te N,117Ha.lll5 Jan. 116 Apr.
77% Jan.
1939. F & A 75 b. 70 Feb.
2d mortgage, 5 g
Pac.of Mo.-l8t,ex.,4g.l938 P & aI 96 b.l 96 Apr. 100 Jan.
Apr.
35%
DebentM., series B
1939 J & J 35 b. 30 Feb.
2dniort.,78
1891 J & JI10214
99ia Jan. 102i4Apr.
Shore— Guar.. 48
2361 J & J 103
100 Jau. 103 Jan.
Mobllc&Ohio— Ne,w,6g..l927 J & D 116i4b 112 Jan. 115% Feb. West
101
Feb.
96 Jan.
West N. Y. & Pa.— 1st, 5 g. 1937 J & J 100%
General mortgage, 48... 1938 M & s! 66ia
63 Jan.
70 Feb.
30% Jan. 3578 Feb.
1927 A & O 32
2d mort, 3g., 58C
Mutual Uuion Tel.—«g
1911
N 105 b.'l02 Jan. '105% Feb. WestUn.Tel.-Col. tr.,5s.l938 J & J 100%
98 Jan. 100% Apr,
Nash. Ch. &8t.L.— let, 78.1913'J & J 126 h.125 Jan. 126% Apr.
1937 J Jt J 90 b. 93 Mar, 97 Jan.
iWi8. Cent Co.— IstSg
Con.. 5 g
1928 A & O *105 b. 105 Ajn-. 107% Mar.
1937'..
39
34% Jan. 45 Jan.
Income,5e
NOTi' •"h" indicates price bid; a" price atked the Range is made
up from actual sales oaly. * Latest price this week.
1
M1
1
1
I
&N
I
M
&N
1
.
.
|
.
I
i
I
I
;
&A
I
1
&0
M&
. .
M
. .
.
. .
&N
C—
M
'
&A
1
1
,
M
M
&N
,
M
M &S
M
M&
I
;
NEW YORK STOCK EXCHANGE
SECURITIES.
Bid.
Aek.
SECURITIES.
B.
Railroad Bonds.
PRICES-(Continued).-/iV.4Cr/F£
O. S. W., 1st, g., 4%s...l990
Mon. Riv., 1st g., g. 5.S. ...1919
Burl. Ced.
Minn.
Oeni'l Ohio Reor.— 1st 4i"8. 1930
102
B08t H. Tun. & W.— Deb. 58.1913
100
Brooklyn Elevated— id, 3-58.1915
88
85
—
Butt. Roch. & Pitts.— Gen., 58.1937
93
Roch. & Pitts.- 1 Kt, 68
1921 120
Bait & Ohio— l8i, 68, Park B.igi9 112" 116
do
Con8o:idat'dl8t,6s.l922 114
gold
59,
1925
Burl Ced. Rap. &No.— l8t,58.1906
97=8 99
Cons. mort. ffoH. ^h
1988 •107
Oonsol.
poll!>t. trnst. 5s ..1934
83
«5
* No price Friday these are the atest quotatioDo
made this week.
.
,<.
I
24.
SECURITIES.
Ask.
Bid.
&
(Stock Exchange Prices./
Alabama Mid.- 1st, g., 6s
1928
Atlantic & Dan>
Ist g., 68.. 1ft 17
Atl. 4 I'ac— 2d ^- D., gu. 6s,. 1907
;
BONDS-APRIL
<fe
Bid.
Ask.
Rap.&No.— (Contin'd) —
et L.— ist, 76, gu..l927
lowaC. &
Ced. Rap.
Ist 58
West- Ist, 7S....1909 100
F. & N., Ist, 68.1920
I.
1921
C.Ohio— Jol.&an.M l8t,4%s.I939
;ent RR. & Bank.— Cnl. g.5s.l937
Chat Uomc& Col.— Gtd.g.5a. 1937
West—
l8tcon.gtd.5s.l9.'9
Sav.iSi
vnt,. of N. .1.— Conv. fl"l>.. «a 1P0J
100%.
87
93%
82
ll.'^
83
. .
April
. .
1
THE CHRONICLE.
25, 1891.]
687
|NEW YORK STOCK EXCHANGE VRICY.H- INACTIVE BONDS—(ContinualJ -APRIL
Bid.
SECTTRITIEB.
BECDRITlEa.
A8k
Bid,
Ft. Worth A R. G.— let g., 5a. .1928
Central rurlflc—Qolcl lida.ea, 1895 107 "s
rial. Bar. A Ban Ant— Ist, 6«. 1010
1896 108 !«
Oold bniuln, 08
Gal. H. A8. A.— 2d mort., 7*.. 1906
1897 ioei« 111
OoUl boiidx, *!a
West. Dlv., 2d 6*
1900 >108
1981
Ban Joaquin Br., 68
ioi>s Oa. Bo. A Fla.— 1st, g. 6a
1927
Cal. & Oi'i-Kon—eer. B.68... 1802 100
Grand Ran. A Ind.— Oen. ,V.. 19*24
1939
Mort. K«l(l ^»
09
Green B. *. ASt. P.— latOa .19X1
1900
Land in'iuit, As. g
2d income, all subs, paid
26^
1809 109 100i<
Weat. Pnoltlc— Boud», 6e
Bousatonlc—Cona. gol(f 5a
1937
No. Railway <Oel.)— Ist, 68. 1907
N. Haven A Derby, Cons..5»..101P
1938 09
MXycar hs
112
HouB. AT.
Waco A N. 7b.. 1903 •118
Oho8, A <).— Piir. M. fund, 6s. 1898 111
115
latg., 5a (Int. gtd.
1908
198
6», Kold, Korlos A
77
Cons. g. 6s (int. gtd)
1912 99
Obes. O. A So. U'e«t.— 2d, 68.. 1911
ib^os
106
Oen.
62
4e.(int.
gtd)....
g.
1921
1803
OhlvaKo A Alton— l8t, 78
Debent. 6a, prin. A int. gtd.1807 • 81
1903 121
einklnK fund, 68
• es
116>4
120
Dcbent.
4a,
jirin.
1900
A
Int.
Louis. & Mo. Elver— Ist, 78.
gtd.1807
Illlnola Central— lat, g., 48 ...1951
1900
2d, 7a
lat, gold, 3 las
1951 ' 91
Bt. I,. Jaoks. A Chic— l8t,78. 1894 106
Bprlngf. Dlv.— Coup., 68
1894 106
1898 •108>s
1st, eiuir. (.-iei), 7a
104
Middle
Div.—
1912
Reg.,
68
1921 112i»
MIss.K. Krldite— Ist, 8. f., 68.
C. St. L. AN. O.-Ten. 1.,7».1897
Ohio. Burl. A Nor.— Deb. (is... 1896 101
102
Ist,
consol.,
Ohic. BurliuR. A Q.— ."is, a. f .. 1901
7s
1897
2d, 6s
1907
Iowa Div.— Sink, fund, 58.. 1919 10288 103 >s
Gold, 58, coupon
1919 90
1961 •110l«
SlnkiuK fund, 48
Merap Dlv., latg. 48
1061
Plain, 4s
1921
97
Dub.
A S. C.-2d Dlv., 78 ...1804
Ohio. A Indiana Coal— Ist Ss 1936
120
Ced. FallaAMlun.— l8t,78..1907
OhI. MU. A 8t. P.— l8t,88,P.D 1898 118
Ind. D. A Spr.— lat 7a, ex. op. 1906 100
2d,73-10a, P. D
1898 112^
Ind. Dec. A Weat.-M. r>a
1947
1902 122 124
let, 7s, *K., R.D
10
2d M., Inc. ,5a, tr at rec
1948
Ist, \A Ci-osse Division, 78 1893 113
70
Inter. A Gt. Nor.— Coup. Ua...l909
Ist, I. A M.,7»
1897 114
A D.,7s
1899
1903
Ist, I. A I). Extension, 78.
1908
l8t, LaC. A Dav., 58
1919
l8t, n. A D., 7s
1910
1st, H. A D., ."Ss
1910
ChicHKo A Paciflo Div., Gs., 1910
Mineral Point Div. 5s
1910
Ist,
I.
lst,C.
AM.,
7s
117
124
126
124>j
12.'.>s
101
102
119>« 121
,
117 120
95
98 >9
1921
C. A L. Sup. Div., 5s
Fargo A South., 6a, Aasu... 1924 114 119
Inc. couv. sink, fund, 5a
1916
Dakota A Gt. South., Ss... 1916 95
(Silc.AN.W.— E8C.AL.8.l8t,68. 1901 106
Des M. A Minn.— Ist, 78
1907 121
Iowa Midland— 1st, 88..
1900 122
Peninsula— Ist, con v., 7s. 1898 115
Chic. A Milwaukee— 1st, 73. 1898 115
Win. A St. P.— 2d, 78.
1907
Mil. A Mad.— 1st, 6s..
1905 111
Ott. C. F. A St. P.— Ist, 5s.. 1909 104 >«
Northern 111.— Ist, 58
1910 lC4»s
O.R.I.AP.— D.M.AF.D..lst48. 1905
76
1st, aiaa
1905
Extension, 48
1905
Keokuk A Des M.— lat.Sa.. 1923 89
Ohic. St. P A Kan. City— 5s.. 1930
Minn. A N. W.— 1st, g., 5s.. 1934
Ohio. St. P. A Minn.— lat,63... 1918 123
126
St. Paul AS.
12IH1
1st, 68.... 1919 120
Ohic. A W. Ind.— 1st, s. f., 6s 1919
General mortgage, 68
1932 115
Oln Ham. & D.—Con. s. f., s 1905 121
2d. (told, 4ias
1937
Oln. I. St. L.A Chic.- l8t,g.,48. 1936
94
Consol., 6s
1920
Cln. Jack. A Mac.— 1st, (t., 53 1936
73
Clev. Ak. A Col.-Eq. A 2d 6s. 1930
92>9
O.O.C. A St. L., Cairo div.— 4a, 1939
83
88
Cln.8an.ACI — Con.lst.K.Ss. 1928
85
90
8t.Ix)u.Uiv — Isteol.ta'tls.er. 1940
SnrlnK.ACol.Div.— lst,K. 48. 1940
WhlteW.Val.Dlv.— Ist.K. 48. 1940
Ca.Col. Cin. A Ind.— Ist, 7s,8.f. 1899 116
118>«
Consol. .sink, fund, 78...
1914
Clevc. A Mah. V.—Gold, 58
110
no's
1938
Colorado Midland— lat, «., 6s. 1936 105
110
Columbia A Green.— 1st, 68
106
1916
2d, 6s
1926
Del. Lack. A W.—Convert. 78, 1892 104*4
Mortgage 7s
190'
132
Bvra. Bing. A N. Y.— Ist, 78. 1906 I26I3
Morris A Essex- Ist, 78
1914 140 144
2d, 7a
1891 10218 10238
Bonda, 7a
120
1900
78o( 1871
1901 120
lat, con., guar., 78
1915 136>4 138
Pel. A Hnd. Can.— ist, ex. 73, 1891 IOOJ4 101
Coupon, 78
1894 108^ 109
Pa. Div., coup., 78
1917 140
Albany A Suaq.— lst,KU.,78. 1906 12s
ISO
lat, cona., guar., 68
1906 117 121
R->na. A .Sar.— 1st, coup., 7a. 1921 144
Denver City Cable-l8t, 68... 1908 99 102
Dcnv. A R. G.— Imp., g., 5a
1928
82
E. Tcnn. Va. A Ga
Ist, 7s.. 1900
iii"*
Divisional 5s
1930 104
1st ext.. gold, 5s
8419
1937
Kq.Alnip.,K.,5s
1938
84>s
Mobile A Blrm.— Ist, g.,58. 1937
95
Alabama Central- Ist Gs... 1918
116
Erie— lat. extended, 78
1897 i'le' 119
2d, extended, .5s
1919 114
3d, extendcil, iias
1923 106 19
4th, extended, 58
]. 1920
112
8th, extended. 4s
1928 101 >a 102
lat, eons., fd. coup., 7s. ... 1920 131
132
Reorg., Ist lien, 68
1908 108 109
B.N. y. AE.— Ist, 78
916 134
N. Y. L. E. A W.-Col. tr.,68. 1922
Funded coup., 5s
1960 "sis'
Income, 681977
Buff. A e. W.-Mortg. "(is;! 1908
JeB'ertion— Ist, gu. g. 58
1909
103
Chlc.ngo A Erie, lat, g.,4-59. 1982
86^8
Income, .'is
1982
30
N.Y.L.E.A\V.CoalARR!— 68. 1922
Evana. * T.H.— lst,cons.,«8 1921 119
ii9>e'
Mt. Vernon- Ist Us ..
1923 100
.
C—
.
!
Evan.H. A Indian.— lat, cons
Flint A P. Marti.- Mort., 63
Ist con. gold, 5a
Port
II
Fla. Cen.
'
uron— 1 at.
A Pen.— lat
No
."is
I.
ice
.
.
e. ,5a.'
1926!
1920; 116
1939 102 19
1930!
1918'
F^day; these are the
122
104
100
Kanawha A Mich.— Jlort. 48.1990 73
Kan. C.Wyan.AN.W.— lat, 58.1938
L. 8h. A M. So.— C. P.AA.— 78.1892 104 ig
Buff. A Er.— New bond.s, 78.1898 113
Det. M.
AT.-l8t,7»
1906
Lake Shore- Div. bonda, 78.1899 118
Mahon'g Coal RR. -1st, 58.1934 lOSij
Kal. All.
A
a.
R.— lat
gu. 5a.l938
LehighV.,N.Y.— Irt gu.g4iijs.1940 *102
Car.A West.- 1st Gs. g.l016
long Island— Ist, 7s
1898 11713
l.ltchf.
N. Y. A R'way B.— Ist.g. 58.1927
2draortg., ino
1927
Bmithtown&Pt.Jeff.— l»t,78 1901
Loui8.Evaua.ASt. I,.— C(m.58.1039
Louis. A Na.sh.— Cecil. Br, 78.1907
1920
Pensacola Division. 68
St. Louis Division, lat, 68.. .1921
86T1
103 »8
104^
US'*
1980
2d, 38
Nashv.
•106
A Decatur— 1st, 7s.. 1900
1910
A N. Ala
II514
8. f .,68.— S.
1924 103
1937 104
1940
10-40, gold, 68
SOvearSa,
g.,
Unified, gold, 48
Pens. A At.- 1st, Gs, gold. ..1921 •102
'
97
Nash. Flor. A 8. lat gu. 5s.,1937
Lou.N.Alb.ACh.— Gen.m.g.58.1940 80
86
Lou. N. O. A Tex.— Ist, 4s.... 1934
2d mort., 5s
1934
1990
Manhattan
Cons. Is
Memphis A Charl.— 6s, gold.. 1924 103
Ry—
1H15 112
95
39
9
Michigan Central—68
1909
1031 110
Coupon, 5.S
1940
Mortgage 4a
1891 •100 "a
Jack. Lan. A Sag.—68
98
Mil. L. S.AW.— ;onv. deb., 58.1907
1924
Mich. Dlv., 1st, 68
Ashland Division- lat, Gs ..1925 115
101
Incomes
1927 10818
Minn.ASt. L.— Ist, g. 7«
102
nslon,
7a
Ext
1st,
1009
Iowa
47
1891
2dmortg., 78
1910 94
Southweat Ext.— Ist, 7s
95
1921
Pacific Ext.— Ist, 6a
Impr. A equipment, 69
1922 50
Minn. A Pac— Ist mortg., 58.1936
Minn.S.Ste.M.AAtl.— lat.58.1926
Mlnn.St.P. A8.S. M-lst c.g.48. 1938
Mo.K.AT.— K.C.AP., lst,4a,g.l990 70
Mlaaourl Pacific-Truat 5s... 1917
1920 83 <3
ist coll, 58, g
St.L.AI. M.-Ark.Br., 1st, 78.1895 107
Mobile A Ohio— let ext., 68... 1927
1931
St. L. A Cairo—48, guar
1920 110%
Morgan's I.,a. A T.— 1 st, 68.
1918 117 >«
lat, 7s
Nash. Chat. A St. L.— 2d, 6a.. 1901 lOJij
New Orleans A Gulf— lat, Gs .1926
N. O. A. No. E.— Pr. I., g., G8..1915
1905 100
N. Y. Cent.— Deb. g. 4s
N. J. June- Guar, lat, 4a. ..1986 101
Heech Creek— Ist, gold, 4s. .1936
N. Y. N. H. A H.— Ist, rcg. 48. 1003 105
N. Y. A Northern— 1st. g.. 58.1927 105
S3
1927
2d, 4s
N. Y. Susq. A West.— 2d, 4'«8.1037 . 75
1940 81
Gen. mort., 5s. g
103
North'n Pacliic— Divid'dacrlpext
James River Val.— Ist. 6s... 19361*104
iO'iht
Spokane A Pal.— lat, Gs
193Gi
St. Paul A N. P.-Gen., 68..1923i 11"
HelenaARedM'n-I.st.g.,68.1937 ...
DuluthAManitobii- lst,i;.68l936 IOS'b
Dul.AMan Dak.Ulv.— Iat6s.l937
OoEur d'Alcne— lat, (is, gold. 1916
193«
Gen. let, g., 6a
Cent. Washington- 1 st,g..68.1 93m
Chic. A Nor. Pac— 1st g 5b. 1940
BeattlcL,.8.AEa8t.— Ia[,0a,g.l911 101
Norfolk A West.—<iener»l,B8. 1931 121>f
1932 112
New River, lat, 6a
1934
Imp. A Ext., 6a
19*24
Adtustment M., "a
1908
Equipment, 5s
1057 95
Clinch Val. lat 5a
Bcleto Val. A N. E.— Ul,4»..1990
78
Ogd. A Lake Ch.— lat con. tl8..1920
7a.
consol.
..1911
2d
114
Miss—
Ublo A
19<15
Hnrtnirilii.l t>lv— 1«> 7»
Ist con.
Tcnn
lien, 78
Mexican National— 1st, g., 68.1927
1917
2d, Income, 68, "A"
1917
2d, Income, 6s, "B"
latest qnotatlona
. . .
made
this
week.
BECUBITIE8.
Aik.
75>4 Ohio
Bid.
AMisR.—aonanI8«.....193a!
RR.—Ut,8«
1936
102>s' Ohio River
96
Ohio Rlv.-Gon: mort., g.,
Oregon A California— lat,
100
84''e
27
108
.5a.
102^
1937
.5a. 1927
Oreg. Rt ANav.— Col. tr. g..5a.l919
Penn.RR.-P.C.A8.L.-lBt,c.,7a.I900
Pltt». Ft. W. A
l«t, 7«...1912 140
C—
1912 1S8
1912 130
2d,7«
8d,7a
•
C—
24.
Clev. A P.-Con«., i. fd., 7a. 1 000
6e.l892
4tli,8lnk.fnnd
Bt. L.V. AT. H.— 1st. 6i., 78. 1807
12114 i23!a
102 '4 toaf
112>*
1898
1898
2d, guar., 7*
Peo.AE.-Ind.B.AW.-lBt,pf.7*. 1 900 I15>s
Ohio end. A W.-l8t pref 5». 1 938
2d,7»
05
70
lU
IM
.
10',f>«
Peoria A Pek. Union— Ist, 68 .1921
1921
2d mortg., 4i«8
Phlla. A Read.— 3d pref. convert
i'loif
111
60
33
Pltt8.C.CAHtL.-Con.g.4ivBA1940
A
Pitta. Cleve.
Tol.— lit, 68.. .1922
1922
Pitta. Junction— iBt 68
1932
Pitts. Mc. K.
Y.— Istes
..1916
Pitti!. Palnav.
F.— let, 58.
95
116
A
A
A Ariz. Cent.l8t,6s,g.l9ie
Presc't
98
1016
9414 Rich. A Danv.— Debenture 68. 1927
lOOis
1909
Equip. M. a. f.. g.. .5a
Atl. A Char.- lat, pref., 78. 1 897
20
Income, 6s.... 1900
do.
73
Rio Or. Junct.,l8t,guar.,g.,r>s.l938
7<Si2 Rome Wat. A Og.— lat M., 7a. 1891
IO311 104%
1925
St. Jos. A Or. I8.— 2dlnc
75
Kan. C. A Omaha— lat, 5s.. 1927
76
116
St. L. A. A T.H— 2d m.tnc.78.1894 105
1894 82
Dividend bonds
56
lloig
Bellev. A 80. 111.— Ist, 8s...i896 109
110%
110
1923
Bollev. A Car.— Ist, 6s
Chl.St.L.APad.— 1 st.gd.g.Sa 1917 101 101 >i
IO3I3
Bt. Louis 80.— l8t, gd. g. 4a. 1931
821s
98
do
2d Income, 5a. 1931
77
Car. AShawt.— l8tg. 48....1932
Bt.Lou A 8. Fran.— Equip., 78,1895 •100
1931
General 58
961s
1987
93
Ist, trust, gold, 5a
87
100
Kan. City A S.— Ist, 6s, g. .1916
Ft. S. A V. B.Bg.-lat, 68... 1910
1931 105
St. Paul A Duluth— lst,5s
1917 101 ig 104
118
2d mortgage as
114
St. Paul Minn A M.— 1st, 78.. 1909 112
1909
114
mort.,
6s
2d
1922 110
Miuneap. Union- Ist, Gs.
Mont. Cen.— 1st, guar., 63.. 1937 112
105
East. Mmu., lat dlv. 1st 5s. 1908
811s San Fran. A N. P.— Ist, g., .5s.l919
99%
103
Shenandoah Valley— Inc., 63.1923
g...]924
let,
So.—
58,
Sodus Bay A
1931
80
South Carolina -2d, Gs
• 93
,^
So. Pac. Coast— 1st, guar.,48. 1937
46
Texas Central— 1st, s. f., 78... 1909 »
1911
45
Ist mortgage, 78
Texas A N e w Orleans— 1 8t,78 1905
1912 •100
Sabine Division, 1st, Gs
100
•
Tex. A Pac, E. Div.— 1st, 68.1905 105
1937
111 11U»
(N.Y).—
Ist58,
43
Third Avenue
1917 82
13
ToL A. A. A Cad.-68
1919
Tol. A. A. A Mt. Pi.—68
"•
1940 • 8518
5s, g
Tol. A A. AN.
1896 108 110
Union Paclfto— Ist, 68
1897 1091s
l8t,68
1898 IIII4 113
1st, 68
1 908
118
Collateral Trust, 6s
1907
119
Collateral Truat, 5s
1895 100
C. Br. U. P.— F. c, 78
80
110
Atch. Col. A Pac— Ist, 68. 1908
81
Atch. J. Co. A W.— 1st, 68. 1908
1031s
52
U.P.Lin. ACol.— Ist.g., 5s. 1918 'J74'
76
100
Oreg.8.L.AU.N.,col.tr8t.,58.1919
80
1908 100
Utah A North.— Ist, 73
88
Gold.88
-^--JSXS
Utah Southern— Gen., 78 --1909 1031a
Exten., 1st, 7s. ........ ...1909
100
2d Income, 6b
.
.
. . .
.
M—
. .
. .
'
Valley R'y Co. of O.— Con. Gs.l921
Wabash— Deb. M.. aerle8"A".1939
1895
No. Misaouri- 1st, 7a
9212
100%
8t.L.K.C.AN.— KE.ARR.78.1895 106
St. Charles Br'ge— lat,6s. . 1 908 106
West. Va. C. A P'tts.-lst, Gs.lOll
Wheel.ALE.-l.at. os, gold. ..1926 104
1930
ExtcIl.^lon A Imp. g., .5s
84
108
110
.
83
116
.nUecllaiieou»Mon«l».
Amer. Water Works— 1st 68.. 1907
1st cona.
.58,
g. ........
107
94
106
..-10O7
(!ahaba Coal .Mln.-lstg. 78.. 1907 108
Va"
Cbic.Jun.A8.Yds.-Col.t.g,58,19i5
97 106"
Col. A Hock. Coal AI.-68,g.. 1917
Consol'n Coal— Convert. 6s... 1897 103 >s lOS
98
110
Consumers Gas Co., Chicago— 1st
1936
guar. 5a
110
53
„.. 14
, Kdlaon Elec. III. Co.— let, 5a. 1910
1905
76'si Ikiuitable G. A F.— let 6s
83 Ijllendi-raon Bridge— lat g. 63.1931
1901
('iron Hteamboat Co.— Gs
lOG llMel Tel. A Tel.— I8t,s.f.g.5s..l918
98
100
10415 !Nation'. Starch Mfg.— lat. 6B.1920
103
Oils
121
IN.V. A Perry C A I.-lat, g.Ga,1920
100 [Northwestern Telegriiph—"., l!K>4 •103 1«
90-1
1
1st
g.6.s.
106 V People's Ga« A Coke (
J2dg.6s.l904
Co.. Chicago
107
110i« Peoria Water Co.— be. g.......l919 102
105
Wc8t. Union Tel.-73...l875-19tH. 113
I
1021s'
79
lom
Unltaied Honda.
90
70
96
119
l919.MA."Jj 35
Ala.AVicka.-Coiiaol..5g..l921.AAO
2d M., Income
till
'sU. 1921. .AAO
A .'«crld..l at Gs, 1921. AAO
Atlanta A Charl. —lat 78.I1H)7.JAJ!
Vicks.
OomatockTun.- Inc.48,
Georgia Pac.-lst Gs. 1922.
Consol. 8 g , 1«'.:3
.
98
80
100
ISS
87
JaJ, 108 •
106>s
AAO
69
70
751, !LiVt'r.TiSfem-.- Isiig.iobrr.MAB,'
106 |iMciu.ACharl.-CoD8.7g..l91.5.JAJ|
Hst I,.Ark.ATex.-latl».WIieii la.-u d
JS
70
'.!!!!'
2d
ja.
Income
When
isan'd
no
7.J
34
18
lis
72%
36
..
.
.
.
.
.
..
..
..
.
THE CHRONICLE.
638
[Vol. LII.
Latest Earnings Reported.
Roads.
Week- or
Mo
1891.
1890.
$
$
Jan.l
to
Latest Date.
1891.
.
1890
JiSD
Plor. Cent.A P. ,2d wkApr.
Ft. W. A Bio (xr. March
The Intestors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Stocks and Bonds of Railroads, and other Companies, with remarks and statistics concerning the income, financial status, etc., of each Company.
It is published on the last Saturday of every other month—
viz., January, March, May, July, September and November,
and
is
furnished without extra charge to
all
regular sub-
Ga. Car'la A No.
G eorgia ER
Geo. So. AFla..
Georget'n A W'n
Gr. Rap. A Ind . .
Cin.R.AFt. W.
Other
lines
.
.
.
February..
February
'
.
March
February.
2d wk Apr.
2d wkApr.
i2d
Total all lines. 2d
wk Apr.
wk Apr.
Grand Trunk. .. Wk Apr. IS
Ohio AGr.Tr. VVkApr.ll
Det.Gr.HAM. WkApr.ll
Great North'n Bt. P. M. AM. March
I
Ea.st. of
Minn. [March
scribers of the Chronicle. Extra copies are sold to subscribers of the Cheonicle at 50 cents each, and to others at
Montana Cent. March
Tot. system March
GuU A Chicago. March
$1 per copy.
The General Quotations of Stocks and Bonds, occupying
aix pages of the Chronicle, are published on the third
Saturday of each month.
Housatonic
.
'February.
Humest'nA8hen JMareh.
Hutch. ASouth'n February..
. .
.
1,452,439
March
Ind.DecAWest.lMarch
36,510
In. AGt.North'n.March
283,674
Iowa Central... 2d WkApr.
33,320
.
KanawhaAMich 2d wk Apr.
I
EOADS.
Latest Earnings Reported.
Jmi. 1
1890.
1891.
KeclcorMo]
$
46,000
I
March
AlBbainaMiard.
Allegheny Vai..
Atch.T.&8.Fe..
Half owned ...
1891.
February..
17.1,484
2dwkApr.
616,857
37,090
2d wk Apr.
Total system. 2d wkApr.
Bt L. & San F. 2d wk Apr.
Half owned.. 2dwkApr.
Tot.8.L.&S.F. 2d wk Apr.
Akk. total
2d wk Apr.
Atlanta A Char February
Atlanta & Flor'a March
.
6.53,947
117.Si02
Atlanta & W.Pt. March
B.*O.EastI.1ues March
Western Lines March
36,474
154.277
808.221
155.932
8,818
36,538
1,378,196
444,870
March
1,823.066
. .
.
Total
Bal.&0.8outhw. 2d
Bait.
Blr.
wk Apr.
« PotoiD.ic
M.arch
Atlantic.
March
&
Bir.fih.&Teuu.R Febri-ary..
Blshopsville
February.
Blacks. A18.&N.. February..
2dwkApr.
Bur.C.Rap.&N. ithwkMch
Camden &Atl. FiOmiary.
Canada Atlantic February.
Bafl'.Roch.*Pi1i
2d wk Apr.
Canadian Pacillc
Cp.F'r&Yad.Val
C»r.Cum.G&Ch.
Cen.KR.i Bfr.Co
40,784
135..529
....
2dwkApr.
4,539
13,509
2.023
4.44
55,492
80,391
36,736
52.688
371,000
11,371
3,889
760,768
276,5i4
145 376
175 396
584. 385
34, 815
619 00
107 521
34 115
14i; 63
760, 836
154. 068
9 161
36. 293
,512, 326
479, 881
,992, 207
40, 620
132 ,480
6, 904
14, ,798
1,
3,
366
413
39, ,491
71, 657
37 61
52, 294
304, 000
10, ,080
2 566
715i ,408
273, 109
906, 607
88i: 031
February..
February..
Auxiliary sys. 3 wks. Feb
Central of N. J
March
1.019,341
central Pacillc. February.. 1,017,883
Central of B.C.. February.
9.966
13, 556
•Centr'lVerm'nt. WkFob 28
52.703
53, 990
JJ.London Noi xvk Feb. 28
10,436
9, 748
0»td.&LakeCh Wk Feb. 28
10.216
10, 809
Tof. system. WkFeb. 28
73,415
74, ,517
Ohar.Cin. ifeChic February..
14,197
11, 903
Charlest'n A 8av February..
82,121
74. ,677
Char. Sum. & No. FeluTiary..
10.843
6. 24
Chatt'n'gaUni'n March
7,000
7, 724
Cheraw. ABarl. February..
11,574
la ,283
Cheraw.&Salisb February..
3,465
2. 832
Ches. & Ohio ... 2d wk Apr.
154,175 137, 324
Ches.O. &S. W. vinrch
174,365 154, 320
Ches. & Lenoir . February.
6,317
6, 626
Chic. Kurl. & Q. February. 2,237.904 ,589, 410
ChlcA East. III. 2d wk Apr.
67,414
58, 792
OUc. Mil. & St.P. sa wk Apr. 462,126 440. 340
Chic. AN'tUw'n. March.
2,029.078 .910, 316
Ohic.Pco.&St.L. January...
45.964
31,,845
Chlc.Kockl.JtP. March.
1,219,863 ,335, 986
Chlc.St.P.&K.C. 2dwk Apr.
82,531
79, 243
Ohio.8t.P.M.AiO. February..
457.246 451,,973
Ohio. A W. Mich. 2d wk Apr.
31,428
28,,182
CIn.Ga.&Ports. March
4.677
3, 333
Cin. Jack AMac. sdwIiApr.
12,346
11,,00
Cln.N.O. &T.F. 2dwkAi.r.
72,837
74, 041
Ala.Gt.South. 2d wk Apr
31, 396
N on. &N.E. 2dwkApr. 31.797
19,054
17, 106
Ala. & Vieksb. 2d wk Apr
9,885
8,,526
Vicks. 8h. A P. 2d wk Apr.
8,826
5,,909
Erlanper Syst. 2d wk Apr. 142,399 136,,9
Clun.Northw'n. March ""
1,219
1,,416
Cin.Wab.AMich. March.
50,961
50,,351
01ev..Vkn>uACol 2d wk Apr.
18,284
15,,66
Olev. A Canton.. Fel)ruarv
37,656
32,,53
01.Cin.Ch.A8.L 2dwkApr'. 232.569 234,,473
Peo. A Easfn. 2d wk Apr
26,0:
26,,463
Clev. A Marietta March.
30,901
21,,585
Color. Midland.. 2dwkAi)r
38,742
32,,514
C>1. H. V. ATol. Marcli.
224,681 213,,022
Colusa A Lake. 'January.
1,742
1,,266
Covin. A Macon. 'March.
10,678
11,,852
Day Ft. W.ACh.. January...
45,677
39,,539
Deny. A Rio Or. 3d wk Apr. 141.900 152,
,000
Des Moln. A No. March.
8.973
7,,947
Des M. AN'wost March.
17,284
15,,795
»et.BayC.AAlp 2d WkApr.
7,149
8,,626
Drt.Lana'KANo 2d wk Apr.
22,148
20,858
duthS.S.AAtl 2d WkApr.
26,535
27,,311
iiast Louisiana. February
6.600
6,,466
. .
.
.
D
E.Tenn.Va.AGa. December
Knoxv. AOhio December
Total system. 2d wk Apr.
Elgin Jol.AEast. I'Vhruarr
Eliz.Lex.AB.8... M.arch.
Ev«ns.AInd'plis'2d wk Apr!
Evansv. A T. H.,2d wk Ai)r.
Pltohburg
PlJnt.
A P. Mara
Florence
'
February
2d wk Apr.
February
.
.
626,380
65,333
125,299
49,666;
52,927|
6.349
20,522
515.076
60,590
6.436
597,,799
51),,421
126,,018
44,,445
to
Latest Date.
373,499
18,,371
495,,578
64,,157
4. 584
353,fil3
8,003,327 7,733,700
449,687
436,010
8,453,014 8,169,716
1,720.563 1,646,537
440,473
426,589
2,161,039 2,073,125
10.614.053 10,242,841
327,107
329,004
29,891
80,193
130,096
131.559
4,141,255 4,304,703
1,306,337 1,332.916
5,447,.392 5,637,681
626,493
645.415
394.390
388.098
14,103
19,669
29.760
32.704
4,571
3,035
8.519
7.536
681.615
492.331
818,156
759,390
76,983
73.095
96,M73
100,-.'61
4,949,715 3,818.339
184,205
151,634
7,50^
5,0C3
1,572,932 1,589,375
3,d5i'.825
2,206,803
21,261
660,428
27.11
159.53
21.380
23,032
23,038
6,618
2,237,585
568,331
13,192
4.567.731
1,037,710
7,398,095
5,630,327
45.964
3,340,222
1,094,776
942,98:
2,622,i83
1,713,100
25,510
673.747
20.266
148.576
10.703
23.513
20,21V
5,393
2,012,154
483,518
12.787
5,306,820
832.018
7,059.411
5,520,711
31.843
3,667.379
1,184,357
940,781
424,499
382.368
12.880
11,531
212,952
159,7(i2
1,177,391 1,153,367
527,455
537,834
321.920
321.812
182,946
187,599
178,932
177,442
2,388,614 2,378,054
4.900
4,613
138,543
128,569
243,232
214.338
77,904
67,106
3,586,143 3,44K.417
424,303
436,269
81.21
57,463
547.638
482,066
612.149
513,449
1,742
1,266
35,924
45,677
2,204,142
24,385
46,006
143,400
302,291
410,387
17,100
6,783.836
3s, 222
2,033,932
95,963
39,539
2,168,819
18,970
50,920
156,017
303,040
403,237
16,198
5.832.249
581.504
2,059,534
83,667
87,422
711,501
301,353!
1,051,1431
265.111
991,811
902,547
10,005
707,.547
02,,070
5,,125
1890.
873.797
12.341
737,478
52,789
92,310
882,578
3,099
101,756
13,500
6,200
Illinois Centr'la.
Iron Railway. ..|March
Jack'v.South't'u 2d wk Apr.
J'k'n v.T. A K. Ws February
RAILROAD EARNINGS.
28.410
16.770
11.579
179,170
58,917
3,323
46,801
8,993
4,307
60.100
341.252
73,862
21,092
Kan.
A 8p. 2d wk Apr.
A Mem. 2d wk Apr.
C. CI.
K.C.F.S.
K.C.Mem. ABir.
Kentucky Cent.
Keokuk A West.
KmKst'n A Pern.
2d wkApr.
L. Erie All.
West.
L. Erie
March..
Januivry...
2dwk.\pr.
4th wk Jan
A8o
..
A
2d wk Apr.
LehighA Hud.. March
L. Rock A Mem. 2d wk Apr.
Long Island
March
.
Louis.AMo.Riv. February..
Louis.Ev.A 8t.L. 2d wkApr.
LouiST.ANashv. 2d wk Apr.
A A Ch. ofl ^vk Apr.
Louisr.N.O. AT. 3d wkApr.
Lou. St.L. A Tex. 3^ ^k Apr.
Lynehb. ADur'm March
Memphis A Chas 2d wk Apr.
Louis. N.
3,803
17.613
90,820
6,968
5.269
86,127
21,228
85,326
6,988
4,053
5.811
49,432
32.449
10,443
239,756
28,825
27,561
342.105
47,146
55,114
8,292
13,000
33.548
128,941
78,723
88.349
52,685
31,482
10,300
134.240
163.544
146,857
5.552
152.4U9
4,082
287.540
72,637
306,995
19,112
11,621
22,429
8,698
5.290
160.916
52.654
3.258
48,159
8,258
5,055
61,472
387,0:-)8
72,799
22,148
673.591
29,975
70,391
774,558
4,293
100,755
11,656
4,220
1,301,908
35,709
274,272
29,793
3,537
11,660
70,216
5,609
6,791
79,444
19,632
71,382
5,609
4,324
5,727
49,397
26,824
7,708
220,190
33,880
24,181
311,560
48,616
22,627
6,106
5.171
38,307
(Mexican Cent... 2d wkApr.
124,411
|Mex. National 2d wk Apr.
68,015
[Mexican K'w.iy vVkMch2-<
79,684
Mil.L.Sh. A West 3^ wk Apr.
69,928
Milwaukee A No ;^,i ^yjj \p^_
32,982
Mineral Range.. March
7,767
Minueap.ASt.L. March.
130.114
M.St.P. AS.8.M. .March.!..!
130,275
Uo. Kan. A Tex. od wk Apr.
139,741
Kan. C. A Pac. 2d wk Apr.
5,124
Total 8yst'm 2d wk Apr.
144,865
Mobile A Binn. ^tl wk Apr.
3,822
Mobile A Ohio . . March
245.396
MontereyAM.G. March..!..
18,100
Nash. Ch. ASt.L. March.
271.182
N. Jersey A N.Y. Feliruary!!
17,419
New on. A Gull March
11,003
N. Y. C.A H.R.rt March
3,247,328 2,946.522
N.Y.L.E. AW. February!! 2,054.403 2,056,487
N. Y. Pa. A Oliio February..
468,431 538,659
N. Y. A N. Eng.. February..
417,781 399.006
N. Y. A North'n. March.
43,665
35,241
N. Y. Out. AW.. 2d wk Apr.
48,296
39,127
N.Y. 8usq. A W.. March
108,302 102,723
Norfolk A West. 6 2d wk Apr.
172,096
184,738
N'theast'u(8.C.) February..
70,594
76,796
North'u Ceutral.lFcliruary.
473,380 494,6-2
Northern Paciflc gd ^]j ^pr. 420,109 440,663
OhioAMiss
83,297
81,376
2d wkApr.
Ohio A Northw.. March.
14,328
15,854
Col. A Maysv. March
726
1,122
Ohio River
11,875
12,011
2d wk Apr.
Ohio Southern.. March. ..
50,980
52,677
Ohio Val. of Ky i8t wk Apr
3,056
5,031
Omaha A St. I,. March
52,298
35,471
Oregon Imp. Co. February.
299,615 298.986
Pennsylvania ..iMarch
5,218,706 5,170,713
PeoriaDec.AEv.J2d wk Apr.
12,919
15,848
Petersburg
February.
43,708
45,842
Phila. A Erie... February..
304,988 293,730
Phlia. A Read'g February. 1,470,917 1,313,63-2
Coal AlrouCo. February.. 1,145,647 949,066
Total both Cos. February. 2,616,564 2,262.697
Pitts.Mar.ACh.'March
3,202
3,789
Pitt.Shcn.A L.E.jPcbruary..
18,822
18,681
Pittsb. A We.st'u' February..
101,423
97,101
Pitts.Clev. AT. February.
37.693
29,372
Pittg.Paiu. AF.; February.
17,760
20.823
Total system 3(1 wk Apr.
42,190
31,705
Pitt.Youug. AA. February.
93,043
48,517
•43.901
Pt. Royal A Aug. February
49.437
Pt.Roy.AW.Car, February.
47,093
47,538
Pies.AAriz.Ccn January.
10,477
8,424
QuincyO.AK.C. March
19,750
20,369
Eich.ADanville. Mnrcli
507,400 476.500
Vir. Midland.. March
184,600 175,600
Char.Col.AAu. March
85,400
86.850
Col. A Greenv. March
81,270
78,950
West. No. Car. March
81,150
85,000
Georgia Pac
140,500 141,400
March
Wash.O.AW.. March
9.800
8,600
Ashv. A Spart. March
10,975
12,000
Total Sys'm. 2d wk Apr.
247,173
270.900
Rich. A Petersb. February.
27,806
26,575
Rio Gr'de South. 2d wk Apr.
3,587
Eio Gr. West... 2d wk Apr.
27.915
45,000
Rome W. A Ogd. February.
287,389 286,968
Sag.TuscolaAH. March
7,046
7,362
Bt.L.A.&T.H.B's 2d wk Apr.
22,431
26,300
et.L.Ark.ATex. 2d wk Apr.
53,791
66,723
8t.PaulADul'th March
108,143 112,718
S.Ant.AAr.Pass. November. 170.220 175,663
8. Fran.AN.Pae. 1st wkApr
13,022
11,331
Sav. Am. A Mon. March
23,034
38,612
Seattle L. 8. A E. 2d wk Apr.
6,420
6 902
Sllverton
January.
nd.
7,025
Blonx City A No .February.
31,846
.
.
.
.
1
.
j
445.207
49.808
22,899
372,258
191,.306
*
378.490
26.947
10.701
338.328
152,996
7.353
6,679
615,965
675,307
119,334
122.665
62,604
57,927
797,125
855.898
5,470,567 5,640,913
1,103,004 1,072,906
306,782
291,123
1,926,677
134,016
271,584
2,332.307
9,257
207,432
39,500
12,610
4,368,815
109,956
851,055
486,451
9,752
273.532
163.985
83,195
87,250
1,308,274
340,500
85,326
106,089
9,586
15.723
830,100
91.903
203.336
689,847
58,284
403.337
5,353,096
684,725
1.135.688
118.084
37,000
491,418
1,903,539
1,181,180
1
,085,364
803.511
470.35
27,890
356.319
449,729
2,220,727
89.671
2,310,399
78.281
893.726
220.740
957.231
37,951
41.897
8,988,176
4,226,032
967,869
863.821
101.639
739,810
324.923
2,371,180
163,607
969,112
6,273.606
1,129,400
43,948
I
2,59()
155,164
148,760
77,984
101,703
611,73s
15 ,270.501
218.621
88,990
657,590
,183.007
.589,407
,772,415
10,555
40,350
204,150
58.743
36.412
565,403
103,314
93,312
94,461
8,424
62,519
,538.950
529.600
265,351!
261.300
242.1.50
477.050
28,050
37,65b
,929.975
51.943
43,311
600,168
598,374
20.35(,
1,027,952
95,676
202,967
1,926,593
11,837
201,954
35,292
7,343
3,927,746
97,626
918,567
454,481
9,632
183,756
150,018
72.565
111.260
1,358.451
368,586
71,382
100.374
9,175
14,970
812,650
73,038
160,061
606,617
67,412
299,674
5,281,818
617,8,57
892,937
99.972
14,571
526,518
1,943,170
1,098,979
993,182
887,939
432,406
22.880
336,175
489,032
2,119,827
76,996
2,196,824
70,303
784,333
71,500
839.083
34.327
37.209
8.573,780
4,212,272
1,123,301
833,413
122,812
553,488
293,142
2,201,514
152.313
1,033,801
5,433,503
1,139,044
45,574
1,934
154,768
133,906
51,222
157,095
585,559
15,464,117
195.227
8-i.769
6 23.541
2,830,362
2,100,322
4,980,683
8,518
37,843
216.949
70,328
35,702
622,015
199,257
78,920
84.244
10,477
55,485
1,483,600
494,400
257,960
265,938
231,044
487,975
25,298
32,107
3,773,672
55,042
378,598
570,005
18,021
388,054
328,256
,135.213
1 038,615
293,983
277,313
1.266,690
132,920
66.604
88.S90
,564.681
158,361
121,314
98,845
7,023
65,79J
nil.
.
April
.
........
.
.
THE CHRONICLE.
25, 1801.]
LaUtt Kamlngi Kepotied.
Jatt. 1 to lAilul Dair
WerkorMo
1801
II
March
.
131,380
.
»o. J'liolilc Co.—
Ual.Miir.&.S.A. Keliriiary.
9
112,756
1801.
18U0.
9
500,043
434,201
Moreairsl.AT, I'riiniary.
K. Y. T. .t M(>x. I'rhniary.
Tex. >t N. Url. I'rlirimry.
Atlautu* ^y.s.r Frhruary.
I
I
;
:
.
.
DecreaBt.
Colorado Midland
28.5.888
041,078
619,798
80.026
157,262
174,402
383,411 I,104,.586
829,783
10.439
25,210
24,915
112.500
237,989
318,145
i,ooi.'.:7H
901 .908 2,183,403 1,967.011
Paoltli' nvstpui Kohrtiary. 2.311.001 2.077,981
4,982,061 1,116,322
Total of all. February. 3,312,369 2,070,061 7,165,560 6,113,365
Bo, Pur. Kit.—
116.110 129.102
So. l»v. (Cnl.) February.
243,229
215,.542
41fi,2Sl
119.580
80. DIv. (Cat.) Fehrnary.
055,213
885,571
Arizona Dlv., Fcbmury.
153.127 150.211
339,137
297,038
BewMex.Dlv. Fobruury,.
84.53
71,259
177,195
147,7at)
Spar. Vu.Sc Col Fobniary.
12.120
11,850
20,178
23.787
Blaten I. K:»p. T. Mnroli
57.772
52,562
170,039
152,597
8toiiyCI.*(.'Mt.. February..
1.058
909
2.165
2.120
Baminit lirnncli. Maruh
91.221
68,1.50
299,980
18 4,615
LykcuR Viilley March
70,823
67,036
209,395
165.930
Tot'l liotli fo'.i March
165,011 135.181;
509,374
380„573
TeuD. Mlillaiia-. March
15.713
15.000
45,770
47,505
Texa»4ri»ritl<^. 2d wk Apr.
140.907 133,467 1,879,022 1,947,186
Tex.9.Vi»l&y.W. March
3.638
2.681
9.982
9,991
Tola A.jtN. m. March
96.927 104.318
213.237
276.635
Tol. Col. ACiD.. 3d n'k Apr.
6.619
6.768
97,365
88,990
Tol.AOliioCeut. 3(1 wk .\pr.
3,5,224
28.421
404,188
361,702
Tol.*O.Cen.Kx. Doocmber.
10.621
8,397
109.312
95,905
Tol. P. & West
17.112
-d wk Ai)r.
17.711
218.671
257,927
Tol. 8t. I.. A K.C.|2d wk Apr.
32.083
31.783
436.566
426,076
Tol.&So.Ui»veu. March
2.267
1.901
5.762
5,384
Ulster A- Del
'February..
19,623
17,301
89,288
34,309
Culou Pacltlc—
Or. S. L. it U. N. Fcbruarv.
511,611 401.009 1,177,301
734,053
Or.Ky. A N. Co. February.
317,300 222,663
821,157
348.912
8t.Jo.<tG'd Lsl.] February.
52,808 105.186
102,650
228,3.59
Un.Pac.D.&G. February.. 371,057 369,277;
760,117
782,543
Allotli. lines.. (February. 1.366,113 1,505,187 2.846.783 2,937,2!12
Tot.U.P.Sy.s. February.. 2,632,218 2.603,622 5,708,010 5.031,158
Oent.Br. A I,. L. February.
48,186
95.606
92,900
204,522
Tot, eont'led February.. 2,7.30.404 2,699,228 5,800,911 5,235.681
Montaua Un .February.
91.109
55,515
176.016
115,901
I<eav.Top. A 8. February.
2.755
2,187
4,863
4,784
Man.Al.A Bur. February.
3.074
2,883
6,100
5,572
Joint. own'd.13 February,
48.619
30.292
93,190
63,128
Grand total. February.
,779.023 2,729,521 5,394,400 5,298,809
tr.S'kYds.AT.Co P'ebruary.. 235,890 199.033
498,924
438,017
Vermont Valley February..
12,030
12,501
24,525
21,171
Vabash
2d wk Apr. 222.511 232,781 3,408,471 3,628,515
Wab. Cheat.AW. February.
4.820
4,386
9,493
8,844
Wash. Southern February..
20,401
21,395
44,532
41,516
West Jersey
February.
81.719
82,791
177,808
167,301
W.V.Ccn.APltts. M'lrcb
88.493
67,610
262,393
197.101
West V. A PitM. February.
7,067
5,543
15,050
11 886
Western of Ala. March
42,701
39.379
155,261
1.50.219
West.X.Y. A Pa. 2d wk Apr.
58,500
68,900
930,550
930.722
WhcclhigAL. E. 3d wk Apr.
20.300
22,921
354,013
322.150
Wil. Col. A Aug. February
98.883
99,386
206,005
207.193
Wisconsin Cent. 3d wk Apr.
00.190
94.542 1,365,290 1,312.312
Wri?htsv.ATen. February.
8.730
7,358
17,830
11.983
Zanesv. & Ohio. January...
11.261
9,741
11,261
9,711
o Whole system, Includm!? Iowa lines.
b Includes in both years
8_cli>to Valley Div., and MarylanJ A Washinarton Div. (.Shenandoah
Valley.)
c Includes earnings from ferries, etc., not gircn separately.
1 Mexican curreucv.
or Main Line.
d Includes Kome
Wat, & Ogd. since March 15, in 1891.
JLoult'ii Wc-it.. I'l'liiuiiry.
309,013
70,174
400.352
10.914
113.074
1800.
tfS
9d week of April.
KOJIM.
South Oimllna
1
......
.
,
Detroit Hay C. A Alpena
•Detroit (?r. llav. A Mil.
Detroit I.auHlnK AMorth
Dulnth B.
8.
A AUantic.
Ea«tTeno.Va.*aa
EvanavlUe
Brans.
St
(ndlanap...
A Torre
Huito..
Flint A Pero Matquctt«.
Florida Central A Penln.
Grand Rapids A Indiana.
4
Cincinnati K.
Ft.
W..
Other lines
Jackaonviiie Southeast..
Kaoswha A MteblKan
KanuMatFCI. A8pr....
Kan. Citv Vt.
A
8.
jfoui..
Kansas C. Mem. A Birm
Keokuk A Wi^storn
Lake Erie A Western
Mttle Koek A .Memphis.
Loulsr. Evansv. A St. L,
Louisville A Nashville...
Ixiuis. N.
Alb.
A
Cble
Memphis A Charleston..
Mexican Central
Mexican National
Missouri Kansas A Texas
Kansas City A PacUlo..
Mobile ft Birtnlneham ...
•Vew York Ont. A West.
BTorfttlk A Western
Ohio A BUssisslppi
OhloBlver
Peorl.a Decatur AEvausv.
Plttsburir A Western
Rich. A Danv. (8 roads).
Klo Grande Western
St. L.Alt. AT. H. Brches.
St. IjOuIs Ark. A To xas
.
.
A Eastern ..
A I'acitlo
Toledo Col. A Cincinnati.
Toledo Peoria A Western
Toledo St. L. A Kan.City.
Wabash
Western N. Y. A Fenn..
Seattle L. 8.
Texas
Total (88 roads)
Wet Increase (4'84p.o.).
*
For week ending April 11.
Net Earnings Monthly to Latest Dates.—The table following shows tho net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind tvill be found
in the Chronicle of April 18.
The next will appear in the
issue of
May
23.
,
Soads.
A Potomac.
—
Oross Earnings1891.
1890.
.*
Mch
135,529
.
$
132.480
388,098
906,607
.
Set Earnings.1891.
1890.
S
9
22.936
21,643
98,910
82.2}»
391,194
318,80a
929,345^
2,622,283 1,204,951
Latest Gross Earnings by Weeks.— The latest weekly
32,537
10,593
8.555
earnings in the foregoing table are separately summed up as
67,106
22,134
15,7a»
follows:
330,235
118,012
105,958
have had as yet the returns of only 13 roads for the third
16,669
2,500
1,870
week of April, and these are summarized below.
11.892
35,878
5,486
1-4,265
59,265
33,031
CoL Hock. Val.AToL. Feb.
163,016
178,170
65,161
69,384
3d week 0/ April.
1891.
1890.
Increase.
Decrease
Jan. 1 to Feb. 28...
143,485
387,408
330,427
123,279
Denv. A R. Grande.. Feb.
556.215
150.271
528,128
175,881
9
Chicago Mil. A St. Paul..
462,126
Jan. 1 to Feb. 28... 1,207,842 1,134,019
440,310
330,124
391,878
21,786
Denver A Klo Graiule...
141,900
152,000
10,100 Mem. A Charleston. Feb.
145,305
45,081
136,350
31,173
•Grand Trunk of Caiuula.
341,252
387,037
45,785
317,wl9
Jan. 1 to Feb. 28...
293.543
79,673
76,541
iouisvillo N. 0. A Texas.
55,111
22,627
32,487
July
1 to Feb. 28... 1,277,658
403,024
1,236,273
373,348
LoUL^ville St. L. A Texas.
8,292
6,106
2.186
Mch. 5,218,706 5,470,715 1,567,425 1,647,271
Milwaukee L. Sh. A V\ est.
52,685
69,928
.
.
17,213 Pennsylvania
Jan. 1 to Mch. 31... 15,270,50115,464,117 4,323,614 4,348,448
Milwaukee A Northern..
31,182
32,982
1,500
Horthern Paeihc
Lines w'st of P. AE.Mch
Dec. 178,536
420,169
Dec. 432 ,512
110,665
20,496
Pltisburir ,t Western
Jan. 1 to Meh. 31...
31,705
Dec. 861,368
Dec. 301.513
42,190
10,185
Toledo C^>1. A Cinn
6,619
6,768
119 PitUburg A Wesf a Feb
101,425
34,302
41,010
97,101
Toledo A Ohio Central...
35,221
28,421
6,803
Jan. 1 to Feb. 28...
201,150
216,949
67,040
02,665
WheelinitA Lake Erie...
26,360
22,924
3,436
Pitts. Cleve. A Tol Feb
2,479
29,372
37,693
8.341
VSiseousiu Coutrai
90,190
94,542
4,332
Jan. I to Feb. 28...
70,328
2,416
11.422
58,743
Total (13 roads)
Pitts. Paines. A F. Feb.
17,760
4,070
4,506
20,823
1,703,148 1,746,530
110,080
66,698
Jan. 1 to Feb. 28...
36,412
35,702
4,286
8,319
Kct decrease (2-48 p. 0.1
43,382
Total system
Feb.
147,296
156,879
53,766
40,851
* For week ending April 18
Jan. 1 to Feb. 28...
299,305
73,772
1)2,406
322,980
Sav. Am. 4 Mont... Mch.
38,612
23,034
14,628
11,423
For the second week of April our statement comprises the
Jan. 1 to MeU. 31...
121.314
66,604
43,090
34,188
returns of 88 roads, and these show a gain in tho aggregate of
July 1 to Mch. 31...
380,926
165,818
167,842
82,196
4-84 per cent.
Staten t. Rapid Tr..Mch.
57,772
62,562
9,137
8,221
Jan. 1 U) Mch. 31...
170,039
152.597
14,912
10,162
July 1 to Meh. 31...
752,421
671.181
241,793
197,200
2d icrek 0/ April.
1891.
1890.
Deereate.
Inerecue.
Summit Branch
Mch.
94,221
68,150 def.5,909 def. 1.749Jan. 1 to Mch. 31...
299,980
181,645
33,553 def. 23.111
$
$
9
3.047Lykena Vallev
Meh.
Prev'ly report'd 1 2roads) 1.754.112 1,729,452
70,823
67,036 def.5,828
40,419
65,109
Jan.
1
to
Mch.
31...
260 dct. 10,786
At. To)i. ,v 8. F. system
209,395
165,030
61(i,8.-)7
584,385
32,472
Koail.iJtly owned ^..
37.090
34.815
Total both Co's... .Mch.
2,275
165,044
135.186 deM 1,737
3.108
St. Ix)UisA8. Fran.
117,802
107,.521
Jan. 1 to Mch. 31...
10,28!
509,371
350,573
33,313 def .33,885
Ro,a(ls i'tly owned "s.
36.474
34.115
2,350
Union Paciflo—
Bait. AOIilr> Southw
40.784
40.020
164
Ore«.8.L. A U.N.Feb.
Buffalo Uoeh. A Pitis...
541,61
189,693
72.457
401 ,000
55,492
39.491
16,001
Jan. 1 to Feb. 28... 1,177,304
Canadian Paeilic
48J,025
73.350
731,053
371.000
304.000
67.000
Cai>eFeaiA YiKlkin Val.
11.371
10.080
1.291
Ore. By. A N. Co
Feb
73.760 def. 16.477
347,300
222.663
Chesapeake A Ohio
154,175
137,324
16.851
Jan. 1 to Feb. 28...
318,913
229,950 df. 117,134
821,157
Onicaeo A East. lilinols
67,414
58.792
8.622
105.421
Un.Pae.D.AGulf.Fcb.
85,558
369,277
371,057
•Chicaxo A (i rand Trunk.
73,862
72,799
1.063
108,305
217.005
Jan.
to
Feb.
782,513
1
28...
760,117
ChlcBKo St. P. A K. City.
82,531
79.243
3.288
6,652
35.633
Chicago A West Mieh
St.
Jos.
Isl
Feb.
52,808
A
Od.
10.M86
31,428
28.182
3.246
10,978
00.3C9
OtDCinnau Jack. A Ma<'k.
Jan. 1 to Feb. 28...
102.650
228.359
12.346
11.007
1.339
au.N.O.AT.Pac.(5road8l
142.399
380,724
427.705
136.978
5.421
Allotber lines
Feb. 1,366.413 1.505,487
Cleve. Akron A Col
18.284
731,B50
846,695
15.665
Jan. 1 to Feb. 28... 2,846.783 2.937,292
2,619
Clevc. Cln. Chic. A St. L.
232.369
234.475
1,906
624.730
2,603,623
686.380
.Feb.
2,683.218
Total
Uu.
Pae.8]ra.
PeorlaA Eastern
2H.025
438
26.463
998,62»
Jan. 1 to Feb. 28... 5,708,011 5,031,159 1,670.043
We
Bait.
. . .
Jan. 1 to Mch. 31..
394,390
Cent.of New Jer.se.r.Meh. 1.019,341
Jan. 1 to Mch. 31... 3,051,825
Clevcl'dA Canton... Feb
37,656
Jan. 1 to Feb. 28...
77,904
July 1 to Feb. 28...
412,543
CTevel'd A Marietta. Feb.
21,500
Jan. 1 to Feb. 28...
51,552
July 1 to Fcflj. 28...
244,243
.
.
.
.
(
.
.
. . .
.
(
>
THE CHRONICLE.
640
BoadsUnlou Paclflo— Continued.)
1891.
176,016
2,755
4,863
3,074
6,100
95,606
204,522
2,099.228
659,471
55,515
115,901
2,187
4,784
2,883
5,572
48,619
Feb.
One-balf
03,490
Jan. 1 to Feb. 28...
,779.033
2
Feb.
total
Grand
Jan. 1 to Feb. 28... 5 ,894,400
88,493
W.Va. Cent. & Pitts. Moli.
262,393
Jan. 1 to Mob. 31...
30.292
63,128
2,729,521
5,298,809
67,640
197.404
& Leas. L. Feb
Jan. 1 to Feb. 28...
Feb
Total controlled
Jan. 1 to Feb. 28...
Feb
Hontan a Union
Jan 1 to Feb. 28...
Leav. Top. & S.W. .Feb.
Jan. 1 to Feb. 28.
48,186
92,900
2, 730,404
692,659
Cent. Br.
. . .
.
—
91 ,409
.
Man. Alma & Bur Feb
Jan 1 to Feb. 28...
Boads Jointlyowned—
. .
6.273
def. 5,898
—
5,800,911
1,673,146
22,804 def. 9,203
34,286 def.99,048
def. 1,078 def. 2.799
def. 5,071 def. 6,026
773
def.25
1,409
def. 1,471
10,850 def.5,H14
13,872 def. 51, 832
653,857
703.509
1,687,018 1,029,^69
25.069
28.872
67,970
88,883
527
Aver. mUesoper'd.
Operalvans—
558,951
Passengers carried
Passenger mileage. 26,703,579
Kate per pass. p.m. 3041 cts.
Freight (tons) car'd 2,208,688
Earnings—
1890.
591
826
f
$
861,778
3,820,167
217,654
5,597,125
7,561,916
168,138
624,248
313,557
722,042
150.509
1,499,944
173,052
930,936
421,902
1,000.926
212.132
2,061,299
211,415
3,001,928
1,897,672
61-00
3,483,352
2,113,773
62-00
4,838,610
2,723,306
64-00
1890.
—
Transportation....
1,230.971
j
Total oper. exp's
[
2,483,780
1,771,014
58-38
F.o.ofop.ex.toearn
INCOME ACCOUNT.
1887.
1888.
1889.
*
$
$
«
1,771,014
109.497
1,897,672
147,438
2.113,773
144,148
2,723 306
Net Income....
1,880,511
2,045,110
2,2-'i7,921
2,957^225
Disbursements
on bonds, (Sic.
Dlv. on pref. stock
Miscellaneous
1,237,134
Beeeiptti—
Ketearnings
Other receipts
—
Tot. disbursem'ts
1,244,983
1,620,551
Balance, surplus..
635,528
418,559
233,919
'
1,296,551
1,451,265
(113)330,000 (3%)660,000
7,849
41,609
Int.
2,152,874
105.047
1,814
008
(3%)735 OOO
88,600
2i637,614
3191611
Missonrl Kansas & Texas Bailwar.
fFor the year ending December 31, 1890.^
This road is yet operated by the receivers and they make
their report for the year ending December 31, 1890.
The report says that the receivers have expended on account of construction of the Dallas & Waco Railway to February 28, 1891, $601,922. They have also paid interest on underlying mortgage bonds to the amount of $326,205.
They remark
that: "
The entire line south of Fort Scott is
higher state of development and increased revenue; this is especially so in Texas, in which State
the subject of extensions should receive attention, when
after
bemg carefully considered, it is shown that the net earninirs
of such extensions will meet the fixed charges, which
we
feel can be done in several instances.
We feel, however
that the above is a subject that cannot be too
carefullv
and closely considered, as we do not believe in the
policy
of loading down a good, safe property with
questionable
extensions. The disastrous results of such a policy
are
apparent in many Western properties today by
reason of
their having guaranteed payment of the bonds and
interest of
extensions that have proven not to be self-sustaining " * * *
The Missouri Kansas & Texas is to-day furnishing
60 oer
cent of the coal used in Texas, both for railway
and commercial use. If the mines in the Indian Territory
are n'roDerly developed and the output increased and
mined economically, in order that lower prices may be made,
the nercentage above mentioned can be largely increased " *
»
" The Missouri Kansas & Texas Railway in
its entiretv
runs through a fine country, as is evidenced by its
averae-e
earnings per mile, which
1890 were $5,066. Its phvsical
condition, aside from its bridges, is very good.
Its estimated
eammgs thus far in 1891 [April 2] show an increase over
1890
susceptible of a
Passengers carried
Passengers carried one mile
Kate per pasaeuger per mile
56,226,926
2-81 cts.
1.969,756
557,455,530
1-04
Freight
Mail,express and miscellaneous
Total earnings
Operatintf expenses—
Maintenance cf way
Maintenance of cars
Motive power
Transportation
Qeneral
cts.
1,457,736
68,284.460
2-78 cts.
2,200,968
586,550,891
1-12 cts.
$
a
1,58 1 ,567
5,792,711
548.166
1,904,030
6,564,456
535,619
7,922,444
9,004,005
1,821,232
420,745
1,856,179
1,953,966
192,864
1,317,069
344,595
1.999,977
2,483,948
206,273
6,245,006
1,677,438
70-22
6,351,862
2,652,143
70-54
Total expenses
Xet earnings
of op. exp. to earns, (exdu. of eit'd'y).
0.
1,777
1 ,089.708
Freight tons carried
Freight tons cairied one mile
Rate perton per mile
P.
18SH).
1,712
—
BECBIVEB8' INCOME ACCOUNT.*
much
1,677,438
60,184
2,652,143
49,346
Total receipts
Disbursements
—
1,737,622
2,701,489
Interest on bonds
95,408
58,166
99,096
162,280
4,765
Rental K.
C.&P. RB
187,266
4.240
Taxes
Miscellaneous
286,914
Total disbursements
1,450,708
Balance
324,307
2,377,182
•
The total surplus earnings from November 1, 1888, to December
31, 1890, were [^4,054,475, from which was spent for bfttenuents
$2,195,591, new equipment.¥665,737 and new construction $481,600
—$3,342,932; balance, $711,542.
Burlington Cedar Bapids & Northern Rai way.
fFor the year ending December 31, 1890.^
The annual report states that the year 1890 was one of
prosperity for this road, the earnings having exceeded those
of any previous year. The policy of expending the earnings,
after securing the interest on the bonds, in the improvement
of the property, Bas been carried out.
The expense on account of freight car repairs has been
increased $114,000, which includes the purchase of 200 new
cars and the thorough repair of 500 old cars. The last General Assembly of Iowa passed an act compelling all railways
in the State to place automatic couplers and air-brakes on all
and locomotives. This work was commenced last July,
and $20,000 have already been expended on this account, to
comply with the requirements of the law an expenditure of
$130,000 will have to be made this year, and $120,000 each
cars
;
year for the next three years.
"The holders of the bonds of the Davenport Iowa & Dakota
Railway, secured on 31 miles of completed railway, extending in a northwesterly direction from Davenport, Iowa, to a
point of connection on the Clinton Division of this railway
near Bennett, made propositions to this company to exchange
their bonds and stock for the consolidated bonds of this company, giving two of their bonds with stock for one of our
bonds. This proposition was accepted, and 494 bonds and
1,000 shares of stock were delivered by them, and 247 bonds
of this company given in exchange."
Statistics of earnings, charges, cfcc, for four years, compiled
for the Chronicle, are as follows
:
FISCAL RESULTS.
Miles operated
Eamtngt—
Passenger
l-reight
Mail, express, &c...
Tot. gross eami'gs
Oper. exp. and taxes
Net earnings
P.
c.
op.ex. to eam'gs
1887.
1.046
1888.
1,046
1889.
1,046
1890.
1,046
9
692,129
707,379
$
707,127
2,174,174
139,659
1,984,535
156,162
2,122.374
157,042
716.484
2,430,457
157,041
3,005,962
2,848,076
2,076,629
2,986,543
2,177,934
3,303,982
2,487,835
771,4'I7
808,609
72-92
816,147
75-29
2.2-25,906
9
780,056
74-04
72-91
$
INCOME ACCOUNT.
'
m
1890.
$
Receipts—
Net earnings
Other receipts
841.986
1,519,231
36,392,466
64,086,J50
3-017 cts.
2-862 cts.
3,435,797
5.059, .-)95
819,160,394 1,003,872,726
0-549 cts.
0571 els.
$
$
940,305
1,612,260
4,417,315
5,636,218
239,505
313,438
Total gross earns 4,251,794
4,899,599
Operating expenses
Matnt'ceof way...]
581,687
f
Mainten'ce of cars
297,1^9
Maint. of engines-. J oiQQ-7QnJ
548,464
Commercial dept..1 '•*»^>'»"^
125,469
Heteamings
Operuti^yns
1389.
1889.
542
771,248
35,385,815
685,257
3,405,220
164,317
Qeneral
18'r9.
Miles operated (average)
Passenger
1888.
2-833 cts.
2.763,376
Fr'ight(t'us)mirge.54l .917,945 669.526,740
0-682 cts.
Bate per ton p.m.. 0635 cts.
Freight
There is no balance sheet in the report. Other statistics,
compiled in the usual form for the Chronicle, are as follows:
OPEKATIONS AND FISCAL RESULTS.
follows:
1887.
Mall, express, Ac.
The prospects for small grain
Kansas were never better, and the hay crop
attained for the past five years.
in Missouri and
will be large."
Earn ings—
Norfolk & Western Bailroad.
fFor the year ending December 31, 1890.^
The annual report of President Kimball will be found at
length on subsequent pages, together with some statistics of
the past year and the balance sheet on Dec. 31, 1890, given
with more detail than is practicable in this column. The
growth of local business has always been a prominent feature
with the Norfolk & "Western, and the opening of its continuous line up into the centre of Ohio, when that takes place,
will begin a new era in the history of the company.
The comparative statistics for four years have been compiled
Passenger
of $85,664.
1890.
ANNUAL REPORTS.
Chronicle as
[Vol. LII.
Present indications lead us to believe that the
revenue from both freight and passenger service wiU for the
resent year equal at least those of 1890. This statement is
E
34,732
ased upon a careful consideration of the conditions upon
83,076 which the agricultural interests depend. The past winter has
5,235.681 been most favorable to the soil, and has enriched it and
1,081.701
otherwise prepared it for better results than have been
—Net Earnings.
-Oroas Earnings.
1890.
1891.
for the
—
^
...
.
.
1887.
1888.
1889.
1890.
$
780,057
95,789
$
771,447
61,282
$
808.609
96.308
816,147
105,256
Total Income
Dubursements —
875,846
832,729
904.917
921,403
Interest on debt
Const'n. improvem't
767,127
771,130
771,130
775.479
140,067
247,669
154,128
150,314
907,194
def. 31.348
1,018,799
925,258
def. 20,341
925,793
def. 4,390
Beceipts—
Net earnings
Other receipts
equipment, &c
Tot.disbursem'ts
Balance
def.
186,070
:
April
THE GHBONIGL&
26, 1891.]
Toledo
Ann Arbor A North Michigan
f For
the year ending
December
lU,
American Tohacoo Tom pan t.—The peat tobacco factoriM
the Marburg I!ri)tbi'rs anrl (i. W. Oall A Ax of Biltimore
have been bought by the Aiiicrican Tobacco Company, and it
Railwa)'.
(if
18iK)J
The report of the President, Mr. J. M. Asliley, says that the
result of operations for the year ending December 31, 1890, iu
more satisfactory than for any previous year. The Rross
earnings were increased, compared with previous year, $112,901, or 11'18 per cent, and the net earnings $88,8(88, or
28-98 per cent, though the rate per ton per mile decreased
from 101 cents to -921 cents, and per passenger per mile from
2-77ceuta to 2«t cents.
He remarks that " the economiec practised have not been at
the expense of the physical condition of the road-beds and
tracks, nor of the motive power and rolling stock, or other
property of the company. The detailed statements and
comparative tables of earnings and expenditures for the year
and the general appearance of the property are evidence that
it is more valuable per mile to-day than at an^ previous date.
The estal>li8hnient of well-equipped machme and repair
shops and the discipline enforced to secure better results from
expenditure, are the means by which larger profits are returned, although the rate on traffic per mile has decreased.
On the 10th of January. 1890, we discontinued the operation
of the Saginaw Road, which connects with our main line at
Durand and has since been extended to Bay City. At the same
date we assumed control, by purchase, of the Toledo Ann ArLake Michigan liailway, which runs from Cadillac to
bor
,
&
This road traversed
Copemish.
new and undeveloped
terri-
tory, the traffic from which was carefully estimated before
the road was constructed, and the volume of business and net
earnings has exceeded our estimates. The two properties
were natural feeders to this company's road; the former entered tlie Saginaw Valley, where business was already developed and from which tonnage the largest of any locality in
Jlichisan was annually produced." * » *
" The increased traffic has encouraged the management to
revive the original purpose of the company to extend its line
from Marion to Mackmaw, a distance of about 140 miles.
This territory for the most part is not served by any railroad;
it is imdeveloped and is as capable of supporting population
and producing large tonnage at paying rates as the line from
Cadillac to Copemish. It has been determined to commence
work upon this line as soon as the weather will permit, and
that quite an addition to our present mileage will be in operation by another winter."
The comparative statistics for four years, compiled in the
usual form for the Chronicle, are as follows:
OFEBATIONB AKI) FISCAL RESITLTS.
Average mUeage....
—
1887.
1888.
1889.
175
231
282
Ogierationjt
.
m
Betmings—
244,551
8,136.191
2-77 cts.
863,776
194,137
6,564,268
652.939
39,524.777
64,898,.i50
I'Ol cts.
2 64 ct».
941.209
79,685.849
0-92 cts.
«
731.570
240,866
151,773
$
£56,297
MaU, express, Ac...
308,547
133,930
93,^75
Total earnings...
Oper.expen.<b taxes.
535,752
342,606
687,579
433,392
1,014,307
686,205
1,127,209
Net earnings....
193,146
254,187
328,102
398,287
1889.
1890.
¥
Freight
Passengers
226,534
131,476
728,922
INCOME ACCOUN'r.
1887.
Net earnings
1888.
ft
s
$
$
193,146
254,187
328,102
398,287
184,800
236,800
294,800
340,200
4,160
liiisOO
8,346
236,800
17,387
294,800
33,302
344,360
53,927
Dediutt—
Interest on debt
Miscellaneous
Total
Barplue (or year.
OENEBAL BALANCE DBCEMBEB
AueU—
1887.
1888.
$
$
Construction
7,869,788
397,683
42,703
31,749
166,494
of agent8,4c.
Equipment
Materials and supplies.
Cash
Total
LiahUitie»—
Capital Btock
Funded debt
accounts
Car trusts
DaeJ.M.AeUey
Income account
Tatal
8,508,417
4,040,000
3,780,000
358,979
92,364
180,612
55,462
8,508,417
10,305,544
699,914
24,721
38,702
175,942
31.
1889.
1890.
$
$
9,932,101 12,068,594
871,588
867,293
56,250
40,911
24,941
17,519
127,027
227,192
11,244,823 11,085,016 13,148,406
371,598
267,269
6,200,000
6,300,000
326,712
191,118
106,149
130,576
5,30'>,000
5,300.000
5,010,000
426,917
224,446
180,612
72,848
.5,010,000
11,244,323 11,085,016 13,148,406
GENERAL INVESTMENT NEWS.
—
American Cotton Oil. Preparatory to listing the common
and preferred stock of the American Cotton Oil Company, the
following notice has been posted this week at the Stock
Exchange:
The committee directs that on and after Monday, May 11, dealings
American Cotton (HI Central Trust Company's receipts be dlscontinueil and that all contracts In f\U\ Central Trust Couipany's recelptJ*
made prior to and maturing on and after Monday, .May II. may be
settled by a delivery of the Central Trust Company's receipts or the
equivalent in American Cotton Oil Company's common and preferred
in
•took.
provided that
said that the deal
all
the interest* for tiM
manufacture of smoking totiacco controlled by the American
CU>mpany should be concentrated in Baltimore. The terms of
the sale are reported as two-flfths in cash and the rest in tlie
common
stock of the
American Company.
Atlantic ATenno (Drooldrn).— At a meeting of the directors of the Atlantic Avenue Surface Railroad of Brooklyn it
was decided to increase the capital stock to $2,000,000, and a
mortgage of $8,000,000 was authorized on the company's
property and franchises, the proceeds to be used to e<iuip the
road with the new Trolley electric system.
Baltimore & Rastern 8hore (Marriand). A receiver haa
t)ecii appointed for this road, Capt. Willard Thomson being
the appointee of the court.
Called Bonds.—The following bonds bare been called for
—
payment:
koNHOB County, Missoubi.—Six per cent registered bonds
May 15, 1880, to be paid at the National Park Bank of
New York City, or at option of holder at the National Bank
of Paris, Mo., on May 15, 1891, on which day interest will
dated
cease; 26 bonds of $1,000 each, viz.: Nos. 883
to 898, both inclusive.
Chicago Burlington
and 867 and 876
& Northern.—This company
is
con-
by the Bnrlington & Quincy, and it is stated that no
annual report for 1890 will be printed, but the figures are aa
trolled
follows
:
1890.
Gross earnings
Operating expenses
1
$2,115,442
Net earnings
Rentals, taxes and Interest
Surplus
Capital stock outstanding
HBO
1,'238,587
$1,971,159
1,228,664
$876,855
876,641
$;42,49S
869,264
$214 df.$126,769
December 31, 1890, $9,289,500.
Funded debt December 31, 1890— First mortgage 53, ^,710,-
mortgage 6s, $3,215,000: debenture 6s, $935,000;
equipment 7s, $940,000 total bonds, $12,800,.500.
l>i»tilling& Cattle Feeding Co —The stock of this Company (formerly known as the " Whiskey Trust ") is sold in
the "Unlisted" department of the Stock Exchange.
The
President's report for the fiscal yeai* ending March 31, 1891,
has just been issusd. The word whiskey is nowhere used in
the report, and whether the article referred to in "sales of
our product," given in gallons, is cattle feeding stufi or some
other
article, the reader is left to judge for himself.
"Fin1890.
27-1
ished goods " is the term used in estimating the quantity produced from each bushel of grain. The report says
2S1,2S5
" The best proof that we have not lost favor with the trade
9,119,301
$
411,389
172,937
103,253
Bills niid
is
500; 2d
;
:
l.'52,479
Pass, carried. No. ..
PasR. carried 1 mile.
5,017,029
Av. rate p. pass. p.
539.093
Frcl)thl(t«n8i earr'd.
Fr'Kht (ton's) 1 mUe. 27,870,163
At. rate p. ton p. m.
Aooounu
641
the fact that the business of this company has been steadilyincreasing, as will be seen by the following comparative statement of sales of our product covering the last three fiscal
vears, viz.:
Sales for fiscal year ending March 31, 1880,
35,867,211 gallons; do. 1890, 40,832,2'20 gallons; do. 1891,
44,738,171 gallons. All of which shows a healthy and steady
growth, the last year's sales being an increase of about 25 per
cent over the sales for the fiscal year of 1889. The sales the
past ten months, since the rebate system has been in operation, show a steady increase over the sales of each of the corresponding months of the previous year.
have labored
unceasingly in the direction of reducing the cost of production, and to establish the greatest amount of efficiency and
is
We
economy in every department. That our efforts have not
been in vain is in part exemplified by the following compare*
live statement of our yields of finished spirits per bushel of
grain used for the last three fiscal years, viz.
"Average yield of finished goods for the fiscal year ending
31, 1889, was 4'58 gallons; do. 1890,4-67 gallons; do.
1891, 4-71 gallons, showing a gain for last year of 15 points
»
»
«
over the average yield for the year 1889."
"A summary of the company's financial statement for the
fl.scal year ending March 31st, 1891, shows as follows: In addition to the eighty-one distilleries and other properties transferred from the Distillers' <$: Cattle Feeders' Trust, this
March
company received from the Trust April 1st, 1890:
"Cash and cash assets amounting to $1,743,307; the earnings from operating plants for the fiscal year ending March
31, 1891, $1,944,265; the earnings from contracts. $106,159; the
earnings from rentals, 5,550; the earnings from interest. $37,783; making total receipts, $3,837,066; monthly dividends
paid during the fiscal year ending March 31, 1891, $1,298,255;
expenses paid, $469,731; cash and cash assets on hand April 1,
1891, $2,069,079; total, $8,837,066; cash and cash assets April
1, 1891, $2,069,079; cash and cash assets April 1. 1890. $1,748,307; showing a suitjIus for the year, after paying dividends
and expenses, $325,771.
" The directors, at their meeting Monday, declared the
monthly dividend of one-half of one per cent payable May 1,
1891. This will make forty consecutive monthly dividends
which have been paid by our organization. The rebates held
for the trade are kept as a fund se|>arate and apart from the
assets of the company, and do not enter into any part of the
fi^regoing financial statement.
The company holds 34,964
shares of its stock in the treasury unused, being the same
number of shares so held at the l)eginning of the fiscal year."
East Line * R d River- Missouri Kansas A Texas.—
H. C. Cross and O. A. Eddy, receivers of the East Line * Rod
River by appointment of the United States Circuit Court, have
THE CHRONICUE
612
Court
Burrendered control of the property by consent of the
reand transferred the road to W. Giles, who was appointedTex,,
ceiver last year by the District Court of Travis County,
questions
but was not recognized by the Federal Court. The
the validof authority of the two courts in the matter, and of
for
iW of the appointments of receivers, in controversy
some months, and the Governor declared the charter ot
receivers
the companv annuUed and void if the United States
refused to transfer the control of the road to the receiver appointed by the State Court. The line is a narrow-guaje branch
to
of the Missouri Kansas & Texas, extending from Jefferson
McKinney, Texas, 154 miles, and when that company applied
was asked to
to the State Legislature for a new charter it
The
agree to transfer this branch to the State receivers.
the
railroad company, the United States Courts and all
The stock
pai-ties to the litigation have agreed to this action.
aad bonds are nearly all owned by the Missouri Kansas &
Texas, and are covered by its mortgages.
Fort Worth & Rio Grande.— The contract for the extension
from Comanche to Brown wood, a distance of about 30 miles,
was on the 14th inst. awarded to Hurley, Tiemey & Lynch of
Fort Worth. By the terms of the contract the extension is
to be completed by August 1. The road is now in operation
from Fort Worth southeasterly to Comanche, Texas, 113
The earnings, which are reported weekly in the
miles.
CHE0N1CI.E, it is said wiU be largely increased when the road
reaches Brownwood on the Gulf Colorado & Santa Fe RR.
Iron and Steel Product,—The annual statistical report of
the American Iron & Steel Association has pst been pub" We
lished. This week's Bulletin of the association says:
now present the exact record, as shown by our annual report,
cJ the production of leading articles of iron and steel in the
United States in 1890, in which year we made the best record
in the production of iron and steel that has ever been made
Not even Great Britain has ever achieved
b»y any country.
such remarkable results in the production of iron and steel in
one year as were accomplished in tliis country in 1890."
Net tons of 2,000 pounds.
1888.
7,268,507
54,769
2,812,500
1,552,631
352,036
5,261
>..
78,713
2,397,402
1,201,885
14,252
39,875
2,170,107
4,323,484
1,500,000
313,341
(except nails).
Piffiron.inoludlngspeigel
BpciRelelscn
Bessemer steel ingots
Bessemer
steel rails
OiHii-heartli steel ingots
Open-hearth steel rails
Crucible steel ingots
Boiled iron, except rails
BoUca steel, except rails
Iron rails
Fig. scrap and ore Mooms
Kegs of iron cut nails
Kegs of steel cut nails
Kegs of -wire nails
Iron and steel wire rods
—
1889.
8,516,079
85,823
3,281,829
1,691,264
1800.
10,307,028
419,488
3,346
84,969
2,576,127
1,584,364
10,258
36,260
1,778,082
4,032,676
574,820
2,43.5,000
407,513
14(t,10'2
4,131,535
2,01)1,978
4,018
79,716
2,804.829
l,82s>,247
15,548
30,7H3
1,806.130
3,834.816
3,135,911
511,951
Kansas City * Southern. At Kansas City. April 21, the
Kansas City & Southern Railroad was sold for $250,000 to
John I. Blair, to satisfy a deed of trust given to the Farmers'
Loan & Trust Company of New York on Jan. 1, 1883, to secure its bonds. The road is 111 miles long, running from
Kansas City to Osceola, in St. Clair County. The only bidder
was Mr.
title to
Blair,
who
authorized the sale, he said, to perfect his
the road.
—Judge
Barr, of the United States District Court, granted an order at Louisville, Ky., permitting
'the receiver of the Kentucky Union Railroad to complete the
toad to Jackson, a distance of three miles, and to issue
-a«ceiver's certificates to th-j amount of $125,000 to pay off
•debts to employees, $16,000 to complete the road to Jackson,
:<84,000 for the building of trestles and to satisfy pressing
claims.
Lehigh Yalley.— In regard to the Coxe decision on coal
rates nothing has been heard of any reduction, and it is supposed that the Lehigh Valley oflSoials have simply ignored it,
leaving the complainants to take further proceedings.
Manhaltan F.lerated. Notice is published that a meeting
of the stockholders of the Manhattan Railway Company has
ixen called by the directors for the purpose of increasing its
capital stock, and that said meeting will be held on the 27th
4ay of May, to submit to the stockholders for their sanction a
proposal to increase the capital stock of this company by the
junount of $4,000,000^, the same to be used in acquiring the
tsilroad and other property of the Suburban Rapid Transit
Company in the manner provided by law, the same having
J)«en first leased to this company, and for the approval of
such lease and the proposed agreement for exchange of the
Meek of this company for stock of said Suburban Rapid Tran-
—
Company;
April
7111,
"
l7''irA
!"•''
Minneapolis &
—
Monterey & Mexican Gulf. The road will be in operation
through to Tampico on the Gulf by June 1, the company
having taken contracts at Monterey for the delivery of ore at
Tampico on that date. The length of the completed line
from Venadito to Tampico is 400 miles.
National Cordage Company. From Boston it is announced
that the National Cordage Comi^anyhave acquired the Sewall
& Day Cordage Company, paying cash for it. This gives
them the representative company of Boston, and has the advantage of giving them a new mUl equipped with the latest
improvements.
New Bonds and Stoelts Antliorized or Offered. The follow-
—
—
ing is a list of new issues of securities now offered for sale, or
soon to be offered
Bedfokd City, A'a.— $35,000 improvement bonds are to be Issued.
:
C—
Columbia, S.
$75,000 30-year 6 per cent water bonds. Bids will
be recciviid by W.J. Cathoart, City Treasurer, till May 11. For
full particulars see advertisement in another column.
Kings County (L. 1.), N.
Bids for the bonds mentioned in last
week's issue will be received till April 29 by H. U. Adams, Comity
Y—
Treasurer.
—
Ladonia, Tex. $12,000 school bonds will be issued.
Little Falls, Minn.— $15,000 5H per cent, 30-year bonds. Bids will
be received till May 6, by 8. P. Brick, City Clerk.
McKeesport. Pa.— $25.00(1 school i^ per cent bonds, due in 20 years,
are offered by Wm. M. Bell. McKeesport, Pa.
Nebraska.— $100,000 bonds have been authorized.
Richmond, Va.— $16,000 4 per cent building bonds arc to be issued.
Sheffield. Ala.— $10,000 6 per cent, 30-year bonds. Bids wUl be received by E. C. Randolph till May 1.
Shbhidan County, Wy.— $31,000 Opercent bonds due lOper cent annually in 1901 and after. Bids will be received by Jack Dow,
Chainnan Board of County Commission, till Juue 1.
Wilmington, Del. $50,000 street-paving bonds are authorized.
—
N. Y. Lalce Erie & West. Coal & RR. Co.— In the application of this company to the N. Y. Stock Exchange, it is
stated that the company has no floating debt and its assets
consist of its railroad and branches, and of coal lands and
mineral rights in the counties of Elk and McKean, Pa. The
road is in continuation southward from Crawford Junction, McKean County, of the Buffalo Bradford & Pittsburg
RR. (leased to the Erie Companyl, thus connecting the
Erie main line with the coal and lumber regions of Clearfield
and Jefferson counties, and also furnishing an outlet (through
traffic contracts) for their products to the Philadelphia & Erie
Road and its Pittsburg connections. The line includes the
Kinzua viaduct, an iron structure 2,050 feet in lengtli and 301
feet in height, built at an outlay (for superstructure exclusive
of masonry) of $236,809. The cost of the road was $2,064,557.
The lands owned by the company were acquired by purchase
from the Northwestern Mining
Exchange Company, a
Pennsylvania corporation, 1881. The conveyance is dated
May 13, 1881, recorded in Elk Count(', Book Z, p. 300, October
&
1882, and in McKean County, Book 17, p. 67, October 9,
The deed conveys in fee 13,993 acres, and also mining
1882.
rights in 7,879 acres additional, the greater part of the lands,
over 21,000 acres, being in Elk County. The consideration
paid was in stock of the purchasing company. The company
owns also some smaller outlying parcels in said counties, aggregating about 100 acres. The lands are abundantly timbered and underlaid with coal of excellent quality. Five
collieries on the line have been working for some years,
with breakers erected on the property and four saw
mills.
The total cost of these improvements was
The value of these lands, exclusive of
$500,000.
improvements, is placed by experts at $750,000.
The
company receives an annual rent for the use of part of its
track from the Rochester
Pittsburg Railroad Company of
After payment of operating expenses, taxes and
$49,800.
$180,000 interest on its $3,000,000 bonds, the annual net profits
of its business have averaged for three years past over $36,000,
available for dividends on its stock. The bonds proposed to
be listed ai-e a first lien upon the railroad to the extent of
$1,500,000, and also on the lands of the company to the full
amount, no other mortgages, purchase money or otherwise,
or liens of any description existing. The bonds are coupon
bonds of the denomination of $1,000, each, dated May 15, 1882,
maturing May 1, 1922, bearing interest at 6 per cent, payable
May 1 and November 1, at the office of the New York Lake
Western liailroad Company, in the City of New York,
Erie
transferable and registrable at the same oflRce.
Of these bonds $1,900,000 (Nos. 1 to 1,900, both inclusive)
are held by the United States Trust Company of New York
under the collateral trust mortgage of the New York Lake
Western Railroad Companv. The remainder of said
Erie
bonds, being $1,100,000, serially numbered from 1,901 to 3,000,
both inclusive, are the ones now sought to be listed.
The tiiistees under the mortgage are the Metropolitan
Trust Company, cf the City of New York, and John Lowber
Welsh, of the aty of Philadelphia.
The road and property of this company are leased to the
New York Lake Erie
Western Railroad Company by lease
dated August 15, 1890, for the term of thirty-five years from
July 1, 1890, at a rental equal to the annual interest upon its
$3,000,000 of 6 per cent bonds, but not to exceed $180,000. The
Erie Company guarantees the payment of said bonds, princi-
&
&
Minnea])olis Street Railway.—The 'following statement of
earnings is given for six successive weeks ending with
April 14
Week ending March 7th, 1891
'••" ^I'iSl?
lE.m
;:
::
::
ifj^
^'ST,
1595-'
"
"
"
"
31st,
04'|(j7
"
1890 coupon on the Pacific Extension. The receiver will advertise later the time and places of payment.
It is said the
reason for not ordering the payment of the accrued interest in
full is that it would be necessary to draw on the reserve fund,
of which Receiver Truesdale has about $600,000 on hand. The
attorneys have made no motion yet to have the balance paid,
and may leave the matter in the hands of Judge. Lochren, who
will control the payments until the final trial.
7,
Kentucky Union.
sit
[Vol. LII.
17,580
Louis.— At Minneapolis on Saturday the
18th inst., the matter of the payment of past-due coupons was
again before Judge Locliren. Counsel here are not informed
as to just what order was signed by the Court, but it is stated
in the Minneapolis papers that only one coupon on
each of
three istups were ordered paid, viz. the January, 1891, coupon
efl the Minneapolis to Slerriam; Junction, the June
1890
Cdttpon on the Merriam Junction to State Line, and the April
St.
:
&
&
April
THE CHRONICLE
33. 18U1.J
pal and interest, by Kunrnntv upon the face of tho bondn,
luxlor its corporate seal and the siRiiaturB of its President ancl
Sogretary. Tlie $1,100,000 of Buch bonds now listed, being
uu inbt^rx 1,001 to 3,000, both incluaive, have be«Q told to tho
public by the company.
New York Stock Kxchanjro— New SociirltioH Listed.—Th(>
Governing Cominitteo of tlie New York Stock Excliangu
have listed the following
CniCAOo Blini.isoTON A Qiiiscr RttLROAD— 92,2^2,000 nildlttoiial
:
Nchnifkik oxteu.xlou 4 jicr cvDt
llKlcd u> Unto *JM,(>;>i;.oiiO.
Loi'isvii.LB
Ai.uant A:
ditloiuil cnpitul xtook to bo nddud
listed nt that Hate, ^iO, 100,(KX).
Nkw
New Yokk
coupon boucU, making
total
amount
CmOAOO Railway—$1,400,000 mlou May U, lUUl, makliig total nniount
ad-
[lor ci'iit
6t. Paul & Nortiikun Pacific Railwaa'-$723,000 a<1ditlonnI
general mortgage 6 per cent forty-year gold bondH, making total
listed to date |7.i)S5,000.
St. Lours A San Fhanoisco Railway—.$80,000 additional gonernl
mcrtKatto tlftv-year 6 per eeut gold bonds, making total amount listed
amount
todato*12,383,000.
—
Northern Pacific. The steady selling of Northern Pacific
stccks recently is at last explained. It was for German account. Upwards of 80,000 to 40,000 shares of the preferred
stock have been sold, although less than 5,000 shares have
been transferred up to date. It is stock bought during the
recent panic when tho price broke to 60. The German investment interest in Northern Pacific is mostly in the bonds.
There wa.s large speculative buying of the stocks during the
panic and the selling now is to take profits, and is voluntary
have good authority for saying that this
and not forced.
selling ij now practically at an end.
Since it commenced
bull operators here have stood aside until it was absorbed, but
have not given up their contemplated bull movement in these
securities.— Z)oir, Jones
Co., Friday, 2ith.
We
&
—
Ohio & Western Coal Columbus & Hocking Coal & Iron.
The scheme of consolidation outlined in our issue of 11th
inst. has been abandoned, and it is now proposed to foreclose
the Ohio & Western Coal mortgage and reorganize a new
—
company independently.
Oregon Improvement
—
Company. This company gives
notice that it is now prepared, as per circular of November,
1890, to receive its preferred stock in exchange for consolidated mortgage 5 per cent bonds on the basis of 103 and
accrued dividend for its preferred stock and 90 and accrued
interest for the consolidated mortgage bonds.
This right
expires May 15, 1891.
Philadelphia & Reading.—The branch of the Philadelphia
Reading Railroad extending from Harrisburg to Shippensburg, and which will be known as the Philadelphia Harrisburg & Pittsburg Railroad, has just been completed and
opened for business. The new line crosses the Susquehanna
River at Harrisburg on a magnificent bridge as a continuation
of the Lebanon Valley Road from Reading.
At a special meeting of the stockholders of the Philadelphia
Reading Terminal Company, it was unanimously
agreed to increase the capital stock from $300,000 to $8,500,000
&
—
&
Pittsbnrg Cincinnati Chicago & St. Louis.—The du-ectors
of this railroad met for organization in Philadelphia, at the
office of the Pennsylvania Railroad, and elected these officers:
President," George B. Roberts; First Vice-President, James
McCrea of Pittsburg; Second Vice-President and General
Counsel, J. F. Brooks; Third Vice-President, Thomas D.
Messier, Pittsburg; Fourth Vice-President, John E. Davidson,
Pittsburg; Secretary, S. B. Liggett, Pittsburg; Assistant
Secretary, Stephen W. White, Philadelphia; Treasurer, T. H.
B. McKnight; Comptroller, John W. Renner; Assistant Comptroller, Albert McElevy.
It was decided to declare a dividend
of one per cent upon the preferred stock, clear of the State
tax, for the three months ending December 31, 1890, out of
the net profits, payable May 15, 1891, at the office of the
Farmers' Loan & Trust Company, New York City.
St.
Louis Arkansas
Dow, Jones
& Co.
time la*t year. The receiven have spent during the year
$4,888,000 in operating expensee, bettertncnts and improv**
niente.
Of this amount, $1,464,000 went for l)otU;rmont«.
Tho money spent over
an<l above earnings was received from
tho sale of receivers' certidcates. The property has Ixn'ii nut
in flrst-class condition, so that when the new company talce*
the property it can operate it at much less cost than ertt
Ix'foro, and tho earnings which are now lj<>ing put into th»
road can go toward interest account.
Earnings of fSSO"
per mile will pay fixed charges, and with gross earnings of
$4,000,000 it would seem that much more than tiio $800,000
necessary to pay tho fixed charges would be earned, which
surplus will go toward interest on the seconds. "
'
& Uudsos Riveu Raii,roa0—$2,300,000
rKsritM,
Rold dobputnrc coupon bonds, 1800-lBOa. aiirl
honda lnt<i which Hiitd <'oui>on bouda vuay be converted, and
al*o $i!00,0(>0 rc);istcred (un oriKiuiil Ihhuc), luakine total amouut
listed to date ot coupon and rcclBtcred bouds, :)<»*, 500.000.
New Youk I.akk Uuir. & Wi-.stehn Coai. & Raii.ho ad—$1,100,000
flr«t mortKiiKo (> per cent KUiirftiitocd ourrcncv bonds.
8<)i:tiii;i:n Pacifh; Ram-koad ok Oalikounia—iiiy,289,000 additional
flrat cuiiHoUilatcd morttcaKO S per cout gold bouds, maklug t<ital
uniouut listed to date. *10,.'>42,000.
dlltouiil I
rettlstcriMl
643
& Texas.— St. Lonis Southwestern.—
give tho following " The new securities
of the old St. Louis Arkansas & Texas Co. are ready to be
issued.
They would have been issued before this, but the
Texas laws require that two months must elapse after the
filing of tho mortgage before the issue.
The mortgage was
filed February 21.
[The Central Trust Company will probably
issue the new securities next week. They are only waiting
the order of the Court, daily expected, turning the property
over to the new company.] The road has been in receivers'
hands since May, 1889.
The receivers' report for last
year has not yet been published. Mr. Edwin Gould, VicePresident of the new company, says
The report will show
gross earnings for the year ot 14,102,142, an increase over the
previous year of $225,000. The increase would have been
larger if it had not been for the high water, which caused extraordinary expenditures during the year of $71,391, besides
losses from the stoppage of business.
One special source of
trouble was the falling of the bridge over tlie Ousachita River
on our main line in .Arkansas. In tlie places affected by the
oyerflow the track has been raised, so that in the future the
difficulties from this source will be comparatively small. The
earnings so far th s year have iacreased $96,000 over tke same
:
:
'
.Sonthern Paciflc of Cnllfornln.— This company's application for the admission of additional consol. mortgage Ixtnrls to
tlie List states : There are now admitted to call on the New
York Stock Exchange $7,258,000 of the first consolidated mortgage 5 per cent bonds of this company, issued under and secured by its mortgage to the Central "mist Company as Trtwtee. dated August 2o, 1888.
Since these bonds were admitted
this company has issued three million two hundred and eightynine thousand dollars ($3,280,000) more of its said first consolidated mortgage 5 per cent bonds, which are issued under and
secured by the provisions of the said mortgage securing such
series of bonds, and such additional bonds are now outstanding.
Lines of road on which bonds Nos. 7,454 to 10,512 inclusive are issued
:
ttitf.
Monterey
Newman
Oakdalo
to LakeNaJells
to Arinona
to Merced
.
4-434
101'395
40-332
Total
ue'161
Tennessee Coal tt Iron Co.— The stockholders of this company will meet on May 7 at Tracy City, Tenn., and decide
whether they will ratify a recent act of the board of directors
authorizing President T. C. Piatt to give an option on the
company's property in Tennessee to an English syndicate.
The substance of President Piatt's annual report on this question, which was submitted to the company on April 7 at
Tracy City, is as follows
J. W. Thomas, of Nashville, who represents a syndicate of
capitalists of that city, made a proposition in August to the
irectors of the company to purchase the Tennessee Division
for $1,650,000.
The offer was duly made in writing. The
directors referred the proposal to Mr. Piatt by resolution, and
empowered him to make such sale as he thought best for the
interest of the company. Mr. Piatt considered this proposition and submitted it to some of the largest stockholders of
the company. The majority of them objected to the offer,
because they did not think it was large enough. Some months
afterward trustworthy people representing an English syndidate waited upon Mr. Piatt and requested an option upon the
Tennessee Division for about $2,500,000. The syndicate agreed
to pay $1,415,372 09 for the bonded indebtedness of the company, $432,677 31 on the second mortgage bonds which were
part of the proposed new issue of $750,000, and to give $630,:
I
m
000
cash.
Mr. Piatt conferred with the directors and gave the optioD
on January 27. It was provided that the English syndicate
should assume all the outstanding liabilities of the company
chargeable to the Tennesssee Division and should also purchase
the stocks of merchandise in the commissary stores of the
company, together with a coal and iron ore mine at a sum not
to exceed $oO,000.
This option expires on September 15, 1891,
and the syndicate has informed President Piatt that it is ready
to complete the piuchase on these terms, and the proposition
is to be submitted to the stockholders tor ratification on May
The resolution which the directors adopted in August gave
7.
Mr. Piatt absolute power to do as he saw best in this matter,
but at the meeting of directors on April 7, after Mr. Piatt had
submitted his annual report to the directors, he said that the
proposed sale was of much consequence, and he thought that
the stockholders should have time to consider it. For that
reason he wanted an adjournment.
Mr. Piatt is quoted this week by the Herald as saying that
the opposition to the scheme represents only about thirty
thousand shares of tho company's stock out of one hundred
thousand shares, " If the opposition shows clearly at the May
meeting," added Mr. Piatt, •' that they are opposed, to the plan,
neither I nor any of the other directors or large stockholdera
will prees the sale.
are looking simply to the best interests of the company, and we think these would be best subserved by making this sale. But if there is any serious opposition our advocacy of the transfer will be withdrawn."
We
—
Tirginia Debt Settlement. ^The London Timet says in
reference to the negotiations for the settlement of the Virginia debt that Mr. George S. Ellis of the Central Trust Company of New York, the Secretary of the American Bondholders*
Committee, who has been in London for some weeks past, has
been in communication with Sir John Lubbock, William
Lidderdale and John Daniell, C, B., who constitute the English Advisory Board, and that since the American Bondholder*' Committee and the English advisors are in accord, the
negotiations with the State of Virginia will proceed, in accordance with the plan and proposition submitted Nov. 28. 1890.
This plan an(l proposition, provided for under agreement of
May 12, 1890, is the plan which was approved and recommended by the Hon. Orover Cleveland, the Hon, Thomaa F.
Bayard, the Hon, Edward J. Phelpe, the members of the Advisory Board in the United States.
NORFOLK & WESTERN RAILROAD.
TKin:H
Vol. LH.
IBB CHROiVlCLEL
1544
AUNUAL
YEAK
THE
BEPORT— FOE
DECEMBEK 31,
ENDING
1890.
concrete foundation of one partly laid. As soon as the water
comshall be sufficiently low, all the foundation work will be
pleted, and the masonry, the stone for which is all on the
ground, will be pushed rapidly to completion, so as to insure
the erection of the superstructure during the period of low
water next summer.
Masonry for the viaduct approach has also been completed.
The superstructure for the bridge and viaduct is practically
completed and ready for shipment.
.,
Track-laying was begun from the south end of the bridge in
the
from
begun
also
was
time
same
the
at
and
December,
other end of the line, that is, from the present end of track
on the Pocahontas Division, and it is expected that after
March 1st the work of track-laying will proceed in both
end,
directions at the rate of about 10 miles per month at each
diffior 30 miles in all, until the line is completed. The most
the
at
cult portion of the work is about midway of the hne
summit between the waters of Twelve Pole and Big Sandy,
where there is a tunnel 3,851 feet in length, of which, at the
close of the vear, 1.030 feet were completed.
The Ohio Extension is being constructed in the most perma,
Norfolk
To the Sharelwlders of the
A
Western Railroad
Company:
.,
submits
its
„
Report
i.
the
of« 4.u„
The Board of Directors herewith year ending December
oiirati^ of the Company for the
31,
PBOPEKTT.
of the
in operation at the beginning
year your entire
of railroad, and during the
year 638
w^maintained iA excellent condition, and improveimportant than
meSs and additions made more extensive and
Tour ComDany had
VvovX
mX
,
substantial manner, and when completed it can be
the
economically. Except for a short distance
operated
iron, and a merchandise p er, coal region near Elkhorn, where the grade descends towards
belt's Point, constructed of
An electric
feet wide
Ohio River at the rate of 68 feet per mile, the maximum
^th wan house, 705 feet long and 140
was also erected at the
plant for lighting the yards and piers
grade is 53 8- 10 feet, and that only at the Twelve Pole summit
west. These
for a distance of 5U miles east and 25^ miles
Bedford, Salem,
Stone oassenger stations were erected at
are compensated for curvature so as to offer the same
grades
at
passenger stations
curved and straight lines.
Bluefield", and Graham, and frame
Honaker resistance upon
LowT. Evergreen, Spout Spring, Castlewood,
Additional information acquired during construction conbrick
and a
Management
Swords Creek, Cleveland, and Bettie Baker,
firms the favorable opinion entertained by your
which wiU
,
,
freight station at Richlands.
as to the resources of the country and the traffic
durmg
There were also constructed and put in operation
be secured upon the completion and operation of the Ime.
mines,
iron
and
the year 15-7 miles of short branches to coal
Of the North Carolina Extension there yet remains to
or double
and 45-64 miles of sidings, and 31-4 miles of second
be constructed 30 miles, of which 8 miles is partly completed,
for the remaining 23 miles have been in progress
was com- and surveys
This latter and most important improvement
during the year but the final location, owing to the difficult
exundertaken,
as
menced during the month of April, and,
of the country, has not yet been determined. It is
Chnstians- character
tends from Roanoke to Big Spring, 30 miles from
desirable that this Extension be completed, and the
very
Bluestone
burg to Radford, 13 miles and from BlueBeld to
connection made with the Cape Fear & Yadkin Valley Bailstated
may be in
Junction, 12 miles, a total of 45 miles, of which, as
road as early as practicable, in order that the line
in use at
the opening
above, 31-4 miles, although not f ally ballasted, was
active operation and business dev*>loped prior to
on the
The line
the close of tne year, and as the grading and masonry
of the World's Columbian Exposition in Chicago.
remaining 13 6 mdes was nearly completed, it is expected that will be formed by your Ohio and North Carolina extenof the
between the
that it will be in use by April 1st, 1891. The character
sions will be the shortest and most direct route
work, which was mostly rock excavation, and with many South Atlantic States and Chicago and the Northwest.
expensive,
bridge?, made the construction both difficult and
The reorganization of the Shenandoah Valley Railroad,
and caused constant interruption and detention to trains, under progress for a number of years, reference to which has
to the cost
4seriously interfering with the traffic, and adding
been made in preceding Annual Reports, has been completed
the
holders of its
of operation. In the construction of the second track
in conformity with the plan adopted by the
practicable,
and by
line was straightened and grades reduced wherever
securities, and to which your Company was a party,
and upon the completion of the work between the points means of which your Company acquired the property as of
mentioned, the maximum grade eastbound (which is in the October 1st, and it is now known as the Maryland & Washdirection of trade) will have been reduced from 87 feet per ington Division.
The line of constructed road extends
mile to 53 feet, and the maximum grade westbound from 91 from Roanoke, Virginia, to Hagerstown, Maryland, a dis-thus
per33-01
feet per mile to 78 feet, and a material economy
tanceof 23811 miles, with 17-44 miles of branches and
manently effected in the cost of operating.
miles of sidings. The line is laid with steel rails and on a
In addition to the many improvements made to the prop- good road-bed, and is in generally good condition, with the
erty, the remaining 465 miles of the Clinch Valley Exten- exception of a number of wooden trestles, which will be
sion was practically completed, and will probably be in full replaced with permanent structures. The line will also be
operation by May 1, 1891; 15-41 miles of the North Carolina thoroughly ballasted, and a number of new passenger and
payment or
Extension were also com[ileted.
freight stations erected, ample provision for the
Your Company acquired and incorporated into your ac- these and other improvements having been provided in the
counts as, of February 1, the Scioto Valley & New England plan of reorganization. The newly-acquired line is a most
Railroad, extending from Ironton, on the Ohio River, to important and valuable addition, and secures permanently to
Columbus, Ohio, a distance of 138-6 miles, with 38-7 miles of your system close and direct relations with the manufacturing
This property, now operated as the Scioto Valley districts of Pennsylvania and Maryland and w»th the New
sidiugs.
Division, is in an unutually good physical condition and has England States. Under the plan of reorganization $3,500,000
already proved to be a most valuable acquisition, and its of bonds were set aside with the Trustee for the construction
earning capacity will be greatly increased upon the comple- of a branch to and terminals in the City of Washington,
tion and operation of your Ohio Extension, work upon which which will be constructed when practicable. The importance
Washington,
is rapidly progressing.
of a direct entrance by your line into the City of
The length of your Ohio Extension— that is, the distance the capital of the country, cannot be over-estimated.
from the present end of the track on the Pocahontas Division
Your Company also constructed and placed in service
to the end of track of the Scioto Valley Division— is 191 during the year 2 large sea-going tugs and 6 coal barges of
mdes, all of which was put under contract last March, and large capacity. This floating equipment will be of great
the actual work of construction began in that month. The advantage to your Company in its tidewater ooal traffic.
work has progressed so rapidly that of the total 191 miles the
Your Company operated during the year an average of 8Zb
grading and masonry upon sections aggregating 116i^ miles
the
intervening
portions
are now completed, and work upon
At the close of the year 1890 the length of completed line
At the close of the year
is being vigorously prosecuted.
owned by your Company was 1,099-77 miles, as follows :—
track had been laid for 1% miles from Elkhorn and J^ of a
HUes.
mile from Kenova, and will be laid as rapidly as the grading
638-01
year 1890
and masonry upon the intervening unfinished portions can be IB operation at beginning of
THE YEAR—
completed, BO as to give a contmuous completed roadbed. CONSTKCCTED DUKING
^t'imp^ro^v'menTsSded an
additional
-al
pier at
Lam- nent and
m
•
.
;
;
;
Miles.
The grading of that portion of the line from the Scioto ValCanoh Valley Extension
ley Division to the bridge over the Ohio River, a distance of 7
North Carolina Extension
Branches to Coal Mines
miles, was completed at the close of the year with the excepBranches to Ore Mines
tion of an embankment at Saliday Creek, and it is expected
that the track will be laid on this part of the line not later Acquired
Scioto VaUey Division
than March, and it will then be operated in connection with
Maryland & Washington Division
the Scicto Valley Division.
The bridge over the Ohio River will have 5 spans, 4 of which
will be 304 feet in length, and the central span 531 feet in
length. The total length of the bridge proper will be 1,737
feet, and on the West Virginia side there will be an iron viaAt the beginning of year
duct approach 2,149 feet in length. The masonry of the
Constructed during the year
bridge, when completed, will be 40 feet above high water or Xctuired—
Scioto Valley Division .....
about 100 above low water. The masonry for the bridge
Maryland & Washington Division
proper consists of 6 piers and 1 abutment, and at the close of
the year 3 piers and the abutment were finished. The cofferTotal sidings at close of year
dams for the three remaining piers are in position, and the SECOND Track
??'??
^t'oi
,„"o?
10-34
77-61
—
ino an
§2
l?i
b5-5S
i
^Tf'i?
45-B4
28-70
3d PL
••
285-81
31-40
:
April
j
—
:
THE
26, 1801.
BOLLTMO STOCK.
fjorotno-
I'eusrnger
tipfa.
f'oachea.
CHEONlCUfi.
645
The growth of the trafHc and revenue i« shown sepAratelr
Fr'ight and for pajsengers and freight in the following tables
:
In servire at befrinnlnK«t yenr
O>n»triiotetl diirliiK IbOO
Aoqiilred tbroiiKb Rototo Vall07 Dlvfrlon
Acquired through Maryland A WMhInKton DivlHlon
11)5
87
other
dan.
47
40
7,8HO
2,223
20
18
528
48
80
866
PABaBNOKB TBAFnC.
Pn mm tin Carrlsd.
UeaX.
175
11,497
Notwithstanding the additions made during the year 1890 to
the rolling stock of the Company, the average per mile at the
close of the year 1890 was letw tnan at the close of the preceding voar, as shown by tbe following comparative statement,
^hich .ihows the number of enjiines and cars in service at the
close of each year per mile of completed road:
1885. 1386. 1887. 1888. 1889. 1890.
Miles of completed road Dt close of
year
510
Ixioomotive to mile of road
-25
-11
FdSsenKcr onr to luUe of road
Fre'ht and other cars to mile of rood 7-25
533
.554
594
-lO
27
-11
-13
'29
'14
oM3M
1886..,
18m...
18H7...
1888...
II**..
1880.....
'30
-14
8w,«m«« 70.A7T:
S8".097
88W4
58X.951
771,«4«
taf fis.4i(>t«
nwi.snti 4ei M.Bif?
^M,noa 88. ion.u7A
I.OI9.1i!l l
l.iaS.OlOOM 17-SMOWl
7«4.M0 aaytt
fonma 8s,tr
1,«T»>W
passenger
traffic
FBEIQHT TRAFFIC.
Earntngt.
r»«Ufl».
W
PASSENGER STATISTICS.
Eam'ngt Expentet
Per
$2,723,305 48
233,91935
$2,957,224 83
$1,751,697 34
on 270,000 shares of stock.
1885
1886
1887
1889
388,087
400,269
558,951
771,248
841,986
1890.
1,519,231
IS88.
Of theremalndcr
1 here was used for the purchase of bonds under the Sinking Fund clause of the Equipment Mortgage
$408,217 19
88,606 94
the balance
$319,610 25
to the Surplus Income Account which, at the
olose of the year, amounted to
$1,455,262 25
As compared with the previous year, and
for this purjtose including theSctoto Valley and Murvland & Washington divisions
for oorrospoudingierlods, the Gross Earnings Increased
$1,086,057 63, or 17 per ct.
The Operating Expenses, including Taxes,
increased
$594,596 12, or I4perct.
And the Net Earnings Increased
$491,461 51, or 22 per ct.
The average number of miles operated during the year, including the Scioto Valley Division from February 1st and the
Maryland
Washington Division from October Isf, was 836
miles, and the average gross earnings per mile were $9,154 86,
and the average net earnings per mile" were |3,396 98.
Excltisive of the Scioto Valley and Maryland & Washington divisions, the gross earnings of your line per mile were
110.116 08 and the net earnings per mile $3,563 78.
Upon the completion of the extensions to your system now
in progress, and making due allowance of time for the
development of newly-opened territory, it is believed that the
earnings per mile of your entire system will not only be maintained, but will steadily increase,
A
comparison with previous years, during which the
average mileage operated increased from .503 miles in 1885 to
in the following statement:
Avtragf.
Grots Eamingt Net Eamingt
ifUa Operated.
per mile.
per miU.
S<S
$2,230 28
$3,509 19
2,.'5-l« tU
507
6,414 31
527
3,3t!o r,->
8,073 61
542
3.501 24
9,039 85
591
3,576 «0
9,470 60
826
3,296 08
9,154 86
your
lines for
a
series of years are
shown by the following comparative statement:
1885...
1886...
1887...
1888...
1889...
1890...
3122
1-777
1-943
1-733
1-563
1-819
1-610
3-041
2-833
3017
2-862
1-250
1170
1-308
1-270
1-198
1-243
Grots
Earnings.
$2,771,120
3,252.056
4,254,794
4,800,598
5,597,124
7,561.915
87
50
03
89
58
07
Eam'ngs Expenses Profit
Per Ton Per Ton per Ton
per MUe per Mite.
per
Tontiage
Mileage.
1888
1886
1887
1888
1889
1890
Operating
Expenses.
$1,610,29168
1 .06(1,009 36
2.483.780 21
3,001, »27 13
3,483.352 41
4,838,610 49
MUe.
Cents.
1
1,199,790
1,555,367
2,208.688
2,763,376
3,435,797
5,0.=i9,.505
$1,121,829 19
1,201, U7 23
1,771,013 82
1,897.671 "6
2,113,772 17
2,723,305 48
0-443
0-392
0.173
0-366
0-344
0-379
0-6:t5
0-582
0-549
0571
0-298
0-263
0-262
0'216
0-2O5
0-192
rate per ton per mile during the year was 0-571
cents, an increase, as compared with the previous year, of
0-022 cents. The average expenses per ton per mile were
0-379 cents, an increase of 0-035 cents as compared with the
previous year.
MINERA1. TRAFFIC.
The mineral
increased during the year 1,122,113 tons
over the previous year. The growth and diversified character
of this class of local traffic is shown in the following statement:
Tear.
traffic
Jron
PJ»
Ore.
Iron.
OmL
Zinc
Coke.
Ore
Stone.
A
9t>elter\
OOter
Miner-] Tota's.
,
alt.
Tons.
IVtu.
Tons. Tnnii.
Tons.
J\mt.
Torn.
4,7S6|
81,878
e.l81|
3,368 19,888
48,811
84.611
64.562 23.762' 20.217'
777 28418 196,947
88.591 163,220 56.360, 27,718
1,185 80.991
347,376
23.209 499,188 48.5711 15.623
1,021, 86,884
666,371
34.917 739,018 59.021 24,451
1,4371 36,671
961,36
46,648 992,260 151.171 80.948' 8,877 68.266 1,417,646
95.388 1,343,312 202,8661 49,6731 16.479< 68,604 1,960,419
161,215 1.543,900 310.604 87,966 15,893! 68,606 8.436.766
.480.984 235,844 1.892.969:4994481187.683 U4S» 347.881 8.658867
Tons.
i,aa»
61,916
49,303
60,825
86,861
128,696
196.360
849,874
1864.
1888.
1888,
1887.
1888
1880
1880
I
The Coal and Coke transported over your line during 1890
(including 317,880 tons used by your Company) was 2,709,947
tons, an increase of 585,698 tons as compared with the
previous year.
The growth of this traffic is shown by the following statement:
Tidewater.
Tears.
Line Trade.
(Leeat.)
Tons.
1883
1884
None.
None.
373,246
569„349
741,875
988,842
1,135,466
1.291,576
tfWft
Vet
Earnings.
0-741
0-655
295,788,872
403,008,908
541,917,943
669,526.740
819,160.394
1,003,872,726
The average
&
Tear.
3-027
Cents.
And
results of operating
MQt.
Vents.
Oent».
was added
The
19,151, .534
19.580,000
26,703,579
35,385,815
36,302,466
64,086,450
$330,00000
405,000 00
733,00000
1885
1886
1887
1888
1880
1890
Per
FREIGHT 8TATISTIC8.
$1,143,217 19
Total.
shown
I
Profit
1,814,007 6t
Net Income for the year 1890
From which dividends were paid
April -^4th l^s per cent on 220,000 shares
is
Mileage.
Per
Past'nif'r Pata'ng'r Pats'nper Mile. per Mile. ger per
Cents.
62,31030
Total interest charges
Tear.
Pattenger
j
Oents.
Total income
Interest charges
826 miles,
yo. of
Pastengert.
$7,561,915 07
4,838,610 49
Net earnings
Other income— interest, dividends, &o
p. o.
U
The earnings from local traffic that is passenger and
freight traffic originating at, or destined to, points upon your
line, were 81-8 per cent of the aggregate earnings.
(Comparative tables of passenger and freight statistics (or
several years are given below.
Tear.
On funded debt
On car trust obligations
lotoL
I
A84.995 97 SI.SJ''
8.19I.8B8
SI83nu.1«49ii'A49 2.<l40,r«S 18
87 87.1.' 88 84 SriS-J 8-1- 3.44V.TUII 97
400.157 3,7a:<.S7()
83 S40.*'03 4rt,7«.88IS8 8397.048 89
»4S,7U 3.43B.797
iS l.imS.MIlHrSI.IMVai!!4.49V,8B744
e8S,S;i|l».f6M.IMI6 «.494.9«8 7B 1.141 .i»l 38 91 887 '.8 ».7a7.7IH 88
1. 463.121 Ot
1.778,457 a*
1st.
ses, Including taxes
(Proportion of sxpenses to earnings, 64 per cent.)
MlteeU.
OfMOUt.
Z,5.Sl,5:il
2.I<7U,(>«3
8,8»0.7'.fU
REVENUE.
OperallDKexpe
U
S«1>7I88 1/I84.m 8«
79 per cent.
(Including the Scioto Valley Division from February 1st and
the Maryland & Washington (Shenandoah Valley) Division
Gross earnings
At
84
»9V.M8 7S
1<S.I89 II
"11,888 40
1«IIJ«4 48 81ll.l)ai OS
140.778
I.OOgMon
ISr.IMM 49 iJiSfAtn 14
m
7-96 10-1)9 12 00 12-33 10-46
*•*«*••
of stock
Oct. 23d 1 >s
AM
MmUt.
As compared with the previous year the earnings from
through pa-ssenger traffic increased 28 per cent and from local
-28
'lO
;
181
4».Hii
4(IO.a(«(
639 1,009
miles during the preceding year.
This serious decrease in the average mileage of freight equipment was due to the detentions to trains caused by the construction of the double track and to the lack of a sufficient number of passing sidings and yard tracks
these latter facilities
having been largely increa-'sed during the year, upon the completion of the double track much better results will be obtained.
from October
'.a.
Tkmigk
LocaL
n.isi
8MXIf4 18.187
»36,r»7
The average mileage of Passenger Engines during 1890 was
145-44 miles per day per engine as compared with 146-52 miles
in 1889, and of Freight Engines 83-09 miles per day per engine
as compared with 103-74 miles in 1889.
The average mileage of Freight Cars of all kinds during the
year was 35-67 miles per day per car as compared with 41 -88
•
ntai.
Thrf.
310
lu »ervloo at close of year
1888
1^87
188s
1889
1880
—
Tons.
106,805
27-^,178
278,741
3t;o,280
.^66,719
781,949
088.803
1,418.371
Total Goal
and
Coke.
Tons.
105,805
272,178
651,987
929,635
1,3) 18,594
1,770,791
2,124,249
2,709,947
Ores and Iron. The shipments of iron ores were 480,984
tons, an increase of 231,610 tons, or 93 per cent, as compiired
with 1889. The shipments of pig iron were 235.844 tons, an
increase of 74,629 tons, or 46 per cent, as compared with 1889.
THE CHRONICLE
646
[Vol. LU.
AUXILIARY companies.
FINANCIAL.
Roanoke Machine Works.
•mere was expended during the year 1890. for general
improvements and additions to the property, mclud- ^l,ibti,^bi „„
••-•iDK real estate, sidings and stations
„„„ ^, . n-s
For Clincli Valley Extension and branches, and lor
l)ranclies to coal and ore mines
ir-TaiyXis
-.
For second or double track
'KV^'nqa q^
On the North Carolina Extension and branches
Sio'o j2 %i
m
lie operations of the Roanoke Machine Works for 1890
resulted in net income, after the payment of interest on
funded debt, of $70,731 18, which, added to the surplus income
carried forward from the preceding year, amounted to $97,^,s^j,jij »« 967 41, from which dividends were paid upon its capital stock
On the Ohio Extension
amounting to $33,392, leaving a balance of surplus income of
$6,695,249 95 $64,575 41. The receipts of your Company from this source
Total
during the are included in your Revenue Account in " Other Income."
On account of these expenditures there was sold cent
Bonds
per
Virginia Company.
lOO-Year
5
Company's
year ?5,000,000 of your
and 82,000.000 of preferred shares.
sales of real estate at various points upon
and
Purchases
Your Company also sold during the year $1,883,000 Equip- your line were made by the Virginia Company during 1890,
ment Mortgage Bonds, the proceeds of which were used for and the hotels owned by it were enlarged and improved. The
acquiring additional Rolling Stock and retiring the principal balance-sheet accompanying this report shows in detail the
of Car Trust Obligations.
property which it now owns. The operations of the Company
From the proceeds of securities sold, your Company had on daring 1890 resulted in net income of $73,145 29, whicli, added
deposit during the greater part of the year large sums of to the surplus income carried forward from the preceding
money, varying in amount from $3,811,511 85 in June to Sl,- year, amounted to §125,899 16, from which dividends were
944,791 29 at the close of the year, set aside for speciBc purposes paid amounting to $60,000 00, leaving a balance of surplus,
and not available for the general purposes of the Company. income of §65,899 15. Your revenue account includes receipts
The giowth of your Company's traffic and the large number from this source.
of manufacturing and mining operations established upon
CHANGES I^J ORGANIZATION.
your line during the year necessitated the expenditure of
By reason of the large increase in the business and property
considerable sums of money for transportation facilities and
general improvements and additions to your property, and to of the Company and for economy of operation, a revision of
meet these expenditures a one-year collateral loan for the organization was made necessary. After January 1st,
$2,000,000 was negotiated. As will be seen from the balance 1801, the lines of your Company will be operated in 2 general
sheet attached to this report, your Company has in its treas- divisions, the Eastern Division, consisting of the lines east
and north of Roanoke, and the Western Division, consisting
ury a large amount of available assets.
In the development of your Company's systeig^, it has been of the lines west of Roanoke. The Eastern Division will be
the policy of your management to provide for the cost of addi- operated in 4 sub-divisions and the Western Division in 7 subtional property and construction through the issue of new divisions.
Taking effect January Ist, 1891, Joseph H. Sands, who has
shares and mortgage bonds i!i reasonable proportions, and
thus, whilst increasing the earning capacity, to reduce the pro- been General Manager for many years, was appointed Vicejjortion of fixed interest charges. Although, during the past President in charge of the Transportation Department, and will
year your Company's interest charges were only 61 per also continue as General Manager. David W. Flickwir, formercent of its income from net earnings and miscellaneous ly Superintendent of the Shenandoah Valley Railroad, wa»
sources, as compared with 64 per cent during the previous appointed General Superintendent of the Eastern Division,
year, your directors appreciate the fact that a reduction of and A. C. Hippey. formerly Assistant General Manager, was
this proportion will still further strengthen the Company's appointed General Superintendent of the 'Western Division.
financial position.
The following appointments were also made: G. R. W.
With this purpose in view your directors recommend an in- Armes, formerly Secretary and Treasurer of the Shenandoah
crease of the preferred share capital from $34,500,000, at Valley Railroad, was appointed Assistant Treasurer; O. Howwhich it stands at present, to $40,000,000, by an issue of ard Royer, formerly General Passenger and Freight Agent of
55,000 full-paid shares, to be from time to time disposed of as the Shenandoah Valley Railroad, was appointed Assistant
may be fovmd best in the interests of the Company the General Freight Agent; Walter MacDowell, formerly Auditor
proceeds to be applied to the payment of the Company's of the Shenandoah Valley Railroad, was appointed Assistant
collateral loan and to new construction and betterments, for Auditor; and E. T. Burnett, formerly Chief Clerk to the Purwhich otherwise bonds would have to be issued.
chasing Agent, was appointed Assistant Purchasing Agent.
The Scioto Vaixey & New England Railroad, which
Copies of the By-laws and Organization may be obtained
was acquired by your Company and incorporated into your from the Secretary of the Company.
accounts as of February Ist, cost, as near as may be,
CONNECTIONS.
$3,000,000 of your preferred shares, subject to a mortgage of
The gross earnings from the through passenger and freight
$5,000,000 of 4 per cent bonds.
traffic of your Company for 1890 amounted to $1,317,501 61 or"
.
;
During the 11 months, February Ist to December 31»t,
the gross earnings of the Scioto Valley Division were
The operating expenses were
And the net earnings
The interest charges
for the
same period
of 11 months..
I.eavlng as net earnings for 11 months
equivalent to more than 4 per cent per
your preferred stock issued in payment.
$675,143 27
374,911 84
$300,233 43
183,333 00
$116,900 43
annum on
the $3,000,000 of
The Shenandoah Valley Railroad, which was acquired
as of October 1st, cost, as near as may be, $4,500,000 of preferred shares, and $2,500,000 of common shares, subject to a
mortgage, which will be known as the Norfolk & Western
Railroad Company Maryland
Washington Division First
Mortgage 5 per cent Gold Bonds
$10,000,000
&
Of these bonds there were set aside for the construction of a branch line about 70 miles in
length to a point on the Potomac River opposite the City of Washiugtou
$2,000,000
And for the extension of a branch into the City
of Washington and for terminal facilities
500,000
Kescrved for the further purposes of the Com-
pany
1,000,000
Total
3,500,000
Making the present issue
$6,500,000
Of these there was used la payment for outstanding old
Shenandoah Valley First Mortgage bonds
3.223 400
For Car Trust Securities
SSS^SM
And the remainder
$2 887 776
were sold, and the proceeds were used in settlement for receiver's certificates, reorganization expenses and other
claims
against the property, leaving about $540,000 to be used for
betterments to the property.
During the three months, October Ist to December Slst
during which the property was operated for the account
of yt>ur Company, the gross earnings were
$361 soq
OperatlDg expenses
237;468
Netenmlngs (3 months)
«124
431
*»>»°'^
As provision
has been made to place the property'ln a conOltiop for economical ojwratlon. It is believed the
net
"
earnings of this Division for 1891
'
will
" be not less than
The Interest charges will be 5 per cent on $6,500,000, or!!
$560,000
325,000
leaving as estimated net Income
$235 000
eauivalent to more than 5 per cent upon the
-|f?»?J?V°«'™'
»4,50O,0OO preferred shares issued in part payment for the
property,
I
'
18"2 per cent of the total earnings.
Heretofore the through traffic of your Company has been
mainly limited to that interchanged at Bristol with the East
Tennessee Virginia & Georgia Railway; but upon the completion of the various extensions of your Hues as contemplated, thus effecting connections with other lines, new markets for the products of the mines, coke ovens and the many
industrial enterprises established upon your lines will be
afforded, and a grf atly increased volume of new traffic obIt is now anticipated that the connection with the
tained.
Louisville
Nashville Railroad at Norton will be made and
The Southtraffic interchanged not later than in May, 1891.
eastern connection with the North Carolina Lines has been
elsewhere alluded to in this report, and its advantages have
In connection
also been presented in former annual reports.
with your Ohio Extension and Scioto Valley Division a through
the
West and
line between the South Atlantic States and
Northwest will be formed, which will undoubtedly be very
advantageous to your Company.
Most important additions to the through traffic of the Company will follow the completion of the Ohio Extension. Connection wiU then be made at Kenova with the Elizabethtown,
Ohio
Big Sandy Railroad, with the Chesapeake
Lexington
Railway, and with the Ohio River RaUroad; at Ironton with the
Cincinnati Hamilton
Dayton system; at Portsmouth with
Ohio Southwestern' Railroad and the Ohio
the Baltimore
Northwestern Railroad; at Waverly with the Ohio Southern
Railroad; at Kingston with the Cincinnati Hocking Valley
Huntingdon Railroad; and at Columbus with the systems of
Ohio Railroad,
the Pennsylvania Railroad, the Baltimore
&
&
&
&
&
&
&
&
the Cleveland Cincinnati Chicago & St. Louis Railway, and
Columbus, the Columbus Hockwith the Cleveland Aki-on
ing Valley & Toledo, the Toledo & Ohio Central and the Columbus Shawnee & Hocking railroads. Traffic will be interchanged with all these lines.
A large part of the traffic to be obtained from the West and
&
Northwest, such as cereals and provisions, will find a market
at points on your line for local consumption and for distribution over connecting lines through the South Atlantic States;
extensive shipments will also be made to Norfolk for export.
Norfolk as a shipping port, as a distributing centre, and in
many other respects, has made most remarkable progress during the past year; as illustrative of this it may be stated that
58 land and improvement companies were chartered by the
courts of Norfolk City during the year 1890, and that the actual
\
——
:
AraiL
THE CHRONICLE.
29. 18UI.J
sales of real estate in the city and county of Norfolk aggrregated $6,!)41,608. In addition to your own lino, 5 lines ot railroad now tormiiinte at the port of Norfolk. Your Company
lias now in contemplation the construction of a belt line of
railway by means of wliich traffic may be interchanKod between all these lines, and your extensive terminal facilities at
Norfolk and Lambert's Point, both for passenger and frciKlit
traffic, will be available to such lines as may desire to use
them.
The increased transportation
facilities
thus afforded
will greatly increase the im]>ortanco of Norfolk not only aa a
liippinR port but as a manufacturing and distributing centre.
Your line thus having its eastern terminus at one of the most
iini><>rtant ix)rts xipojx the Atlantic sealioard, and with its own
lines reachmg to the most important trade centres and attordiiig direct communication from the East and North to the
South and Southwest and We.'»t and Northwest, will occupy
an imjxirttnt position and bo entitled to a reasonable share of
through
traffic.
CO.VCLU8IOX.
647
Its lines by furnishing neceasarr trantportaUon faciliand roUing stock, not only will the earnings per mile be
maintained, but, making due allowance of time for the development of newlv-opened territory, they will steadily increoae.
At no time in the liistory of your Company lutvo the proa(K'cts of increased traffic and revenue been so apparent.
In
utary to
ties
addition to the Induotrial establishmente previously constructed and in operation, there have been completed during
the past year, and are now in course of construction or under
contract, 12 blast furnaces, 8 rolling mills, 85 wood-working
establishments, 88 fountlry, machine works and other iron
works, 151 other industries, 3,600 coke ovens, 9 coal mines, 48
iron mines and 45 hotels.f With the completion and operation
of these industries the traffic of your line will necessarily very
greatly increase, and if proper transportation facilities are
alTorded, a sufficient number of cars and engines provided,
and the freight offered handled with promptness, the remarkable development which has occurred upon your lines will
continue and your traffic and revenue proportionately
increase.
The Treasurer's condensed balance sheet is hereto appended.
During the past year your Company transported 1,516,231
pa-siMgers anci 5,059,595 tons ot freight, and these figures For full statistics of the operations of your line you are referred
largely exceeded had your Company to the reports of the Comptroller and of the Vice-President
wi.iild have been
anil General Manager, which will be published in connection
i)o.-sissed adequate transportation facilities and rolling stock,
louring the last six months of the year the construction of the with this report.
The Board takes pleasure in acknowledging the "ability and
second or double-track between Radford and Roanoke and
between Bluetield and Bluestone Junction caused constant fidelity with which the officers and employees have discha^ed
restricted
the
traffic,
and the duties intrusted to them during the year.
detoitions to passing trains,
ineceased the cost of operation uix)n the completion of this
work much relief will bo afforded but in order that your
Company may be enabled to transport the product or the
many new industrial establishments now under construction,
it will be necessary to construct additional sections of second
track, to provide increased transportation facilities, and to
largely increase its rolling stock.
By
;
order of the Board,
F J KIMBALL,
;
industrial development upon your line began upon
the completion of your New River Branch into what is now
so well known as the Pocahontas coal field, from which the
first car load of coal was shipped in June, 1883, and during
the year 1890 there was furnished for transportation over your
lines 2,709,947 tons of coal and coke. The first section of
your extension into the Cripple Creek ore region was completed in 1880, and since then, through the opening of mines
in that region, as well as at many other points upon your line,
your traffic in iron ores has steadily increased, and during the
past year amounted to 480,984 tons. With an abundant
supply of coal and ores in close proximity, the manufacture of
pig iron followed as a natural consequence, and during the
year 1890 your Company transported 235,844 tons of pig iron.
The erection of rolling mills, bridge works, foundries, and
machine works, and other diversified industries, followed, and
the industrial development extended to all points upon your
line, and great activity and enterprise has been displayed in
the establishment of manufacturing plants and the building
up of towns and villages.
The effect of this remarkable industrial development upon
yoip- traflic and revenue is best shown by a comparison of the
results of the operations of your line for the year 1890 with
those of 1885.
During the year 1885 your Company carried 388,087 passengers, and during the year 1890 carried 1,519,831 passengers,
an increase of 291 per cent.
The number of tons of freight transported increased from
1,199,790 tons in 1885 to 5,059,595 tons in 1890, or 322 per cent.
The gross earnings in 1885 were $2,771,120, and in 1890 were
$7,561,915, an increase of 173 per cent.
And the net earnings increased from $1,121,829 in 1885 to
12.723,305 in 1890, an increase of 143 per cent.
The
Under the most favorable circumstances the development
of any section of country penetrated by a newly-constructed
railroad requires time, and it is therefore of interest to ncte
that notwitlistanding the rapid growth of your system by the
construction of branches and extensions into sections of
country previously without railroad facilities, the average
earnings per mile of your entire system have largely increased.
The average number of miles operated in 1885 was 503 and
in 1890 was 826 miles, an increase of 64 percent.
The gross earnings per mile in 1885 were $5,509, and in
1890 39,155, an increase of 66 per cent.
The net earnings per mile increased from $3,230 in 1885 to
$3,297 in 1890, an mcrea.se of 48 per cent, whereas the fixed
charges, which in 1885 were $2,212 per mile, decreased to
$2,196 per mile in 1890.
It is also of interest to note that notwithstanding the increase in the preferred capital stock on account of issues for
properties acquired and other purposes, the amount per mile
fus been reduced.
In 1885, with 510 miles of completed railroad, your Comhad outstanding $18,000,000 of preferred stock, equivato 835,294 jier mile. At the close of the year 1890, with
1,099 miles of completed railroad, the outstanding preferred
shares amounted to $31,500,000, equivalent to $28, OOO per mile.
In 1885 there was no surplus income applicable to dividends,
whereas in 1890 the surplus income, after payment of all
fixed charges, amounted to $1,384 per mile.
Tfoiu- Company has now in operation about 1,100 miles of
railra-xd, and upon the completion of your Ohio
North Carolina Extensions will have in operation over 1,300 miles; and if
ample financial provision be made so that your Company may
continue to encourage the development of the territory trib-
Cy
Prendent.
NoTF,—This preliminary report 1» printed for the Information of
shareholders prior to the acnual meeting, to be held at Roanoke, Vs.,
Wednesday, May 6, 1801. The full report, containing complete statlstlci! as furnished by the heads of departments, will be ready for distrl
button about that time.
) A pamphlet showing In detail the new Industries
application to the Secretary of the Company.
wlU be mailed upon
C-ONDENSED BALANCE SHEET.
GENIBAL LEDGES NOB70LK A WESTEHN RB.
CO., DEO. 3l8T, 1890.
Aneit.
E;i ilroad
premises, property and franchises
?77,50B,473 71
8,092,835 46
UoUing Block
Car trusts, additional rolling stock
Chargeable to principal
:
$597,11001
Capital stock held by trustee of 100-year mortgage 5 per
cent loan
$3,000,000 00
5 1'refen-ed shares
105,10000
(Common shares
Invi'stments in other companies :
Machine works Ist mortgage
IKounoke
l)ond8
Koanoke Machine Works stock, <1167
Rharea
Virginia
t
Companv
stock.
993 shares
..
Old Dominion SS.Co.'s Slock, 1876 sh's
364,600 00
99,300 00
187,600 00
and supplies
Adviinces to Roanoto Machine Works, representing
valucof material and siippliis carried by thot com'y..
Accounts receivable (current l)alances)
Socuritlos owned bv the company :—
mortgage bonds
< pjMiiiiment
842,00000
3,225,00000
lOO year mortgage bonds
•
3,105,10000
$500,00000
Mati-rials
(
722,723 62
125,013 61
InteEest
1,151,500 00
692,713 31
428.003 70
842,899 76
3,267,00000
($306,52064
<Octieral aooonnt
i Set aside for specitlo purposed
1,939,985 27
2.746.505 91
$98,558,75447
— Common
LiabitUif*
$34,500,000 00
9,500,000 00 $44,000,000 00
Preferred
Capital stock
Funded Debt :—
Dinsumal Lien
Norfolk
C
& Petersburg EB. Co
^ tiouthside
RU. Co
(Virginia & Tennessee RR. Co
Norfolk <C ^resterll BX. Co..
$496,000 00
1,013,300 00
1,090,900 00
Oenoral Mortgage
New River Division Ist Mortgage...
Iniiirovcnient iind Extension Mortg.
7,283,000 00
2,000,000 00
5,000.000 00
Adjust men t Mortgage
l,.')OO,0O0
I'ouvcrtiblo
Debenture Bonds
52O.0'
m
„^
00
00
2,r)(H),ooo 00
Cliuch Valiey Divisicm Ist Mortgage
4,169.000 00
Diliiipniont .Mortgage Loan
iHVviar 5 per cent Mortgage loan.. io.'2ir.,(H)o 00
5,000,000 00
t»olou> Valley & N. K. RR Co. Ist M.
Maryland it Wasliingtou Div. Ist M. 6,500,000 00
1
.
Car trust lease warrants, prinolpol
;
Interest
$.^97,11001
125,613 61
48,202,200 00
722,723 62
CollatcTOl loan
2,000.000 00
Ijitls payable
Defetred payments account real estate
Ac. rued but unmatured interest on funded debt.
Accounts payable (current balances)
Surplus of incomp December Slst, 1890
060,170 82
1,065,538
&
401,.'Ve4i26
4'J.'.>a9 9ti
M
» .435,863
35
$98,558,754 47
Includes $3,000,000 preferred and $105,100 oommoD capital (took
deposited with trostee of 100-yoar mort|{age 8 per coat loan.
*
...
THE CHRONICLE.
648
/"Vol.
OT TON.
C
Friday Night, April 24, 1891.
over the whole country
spring-like
been
The weather has
were
throughout the entire week, and so far as crop prospects
favorable, but
aflfected the reports are almost uniformly
in the
towards the close there are reports of low temperature
troubles
trans-Mississippi region and the Southwest. Labor
miners
have continued to wear a serious aspect among coke
to again call
in Pennsylvania, and it has been found necessary
miners
of
out the military to preserve order. A general strike
trouble is apfor eight hours a day is proposed, and much
meantime,
prehended during the comuig summer. In the
movmg
partly owing to these influences, trade la
large
slowly. Immigrants from Europe are now arriving in
numbers and many of them, in pursuance of a recent law of
food
Congress, are not permitted to land. The speculation in
with
staples on the Produce Exchange has been very active,
sharp rise early in the week was folwide fluctuations.
lowed by much variableness in tone and values. Cotton was
almost panicky on Monday, but values made a smart recovery,
then becoming feverishly variable.
Lard on the spot has been inactive and somewhat unsettled,
closing quiet at 6 40c. for prime city, and 7c. for prime
Western, with refined for the Continent quoted at7@7'40c.
The speculation in futures has been unsettled. Yesterday
there was great activity at better prices. To-day there was
little doing and the close was easier, sympathizing more or
less with the course of the grain market.
OAJLT OLOBIMO PKICE8 OF UlHO FOTtTKES.
Fri.
Thur.
Wed.
Tuet.
Mon.
Sat.
0-99
7-00
7-08
6-91
7 00
717
o.
May delivery
A
June delivery.
0.
c.
.
Julydflivery
7-24
7-37
7-30
7-45
7-14
7-28
7-06
715
T-l.J
719
7-29
7-28
7-42
7-42
7-31
7-42
Tf>S
.0.
T?>0
August delivery
7-55
7-55
7-45
7-55
7-63
September deUvery....o. 7-T2
Pork was a little depressed early in the week, but recovered
and closed steady, though quiet; quoted at $13;«?]2 50 for old
mess, ¥13 75,a$14 50 for new mess, $11 50ra$l2 for extra prime
and $13 50(g!515 50 for clear. Beef unchanged; extra mess,
f8@$8 50: packet, $9 50 a $10 50; family, $ll(all 50 per bbl.;
extra India mess, $16*118 per tierce. Beef hams have advanced and close at $18 «$18 50 per bbl. Cut-meats have been
dull and drooping, though a little more active to-day, closing
quoted as follows: Pickled bellies, 5^@S%c.; pickled shouldSmoked shoulders, 5^t*
ers, 4% fB 5c., and hams. 9%(a95^c.
Tallow was active, and closed
6c. and hams, lOV^fSlO^c.
firmer at 5J^c. Stearme is quoted at 7^'g.8c. in tierces, and
oleomargarine at 7%a73^c. Butter active at 23^ 28c. for
creamery. Cheese is unsettled.
Coffee on the spot has advanced a trifle, but trading continues dull, closing quiet at 18J'4@ 18%c. for Rio No. 7. Mild
grades continue fairly active at an advance. Sales to-day
include a small lot of interior Padang from September sale at
24J^c. The speculation in Rio options has been more active,
and prices have made a further improvement, due to small
receipts at Rio and Santos. To-day the market opened at a
decline, caused by European selhng, but later local traders
began buying, which caused the early decUne to be fully recovered. The close was firm, with sellers as follows
:
17-3io. Oototer
15?0c.
August
17-O0o. N.ivemtjer
15'30o.
September
16 35o. December
1505o.
showing an advance for the week of 10(3 30 points.
Raw sugars were fairly active and firm at unchanged prices
during the early portion of the week, but the close is quiet,
though steady at 3 3-16c. for fair refining Muscovado and SJ^c.
for standard centrifugals. Refined sugars are easier at 5^^c.
for crushed and 4i^c. for granulated. The spectdation in raw
sugars was dull and prices show but little change, closing at
3-52@ 3-56c. for May, 3-56 d 3-58c. for June and 3-58(a3-62c. for
boiling grades steady at 13i^§
July. Molasses closes quiet
14c. for 50 deg. test.
The tea sale went off at a shade easier
April
17-700.
May
17'60o
June
17'45e.
I
—
Ju\y
I
I
Feiday, p. M.. April 24. 1891.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 64,733 bales,
against 71,313 bales last week and 73.413 bales the previous
week, making the total receipts since the 1st of Sept., 1890,
The Movement of the Crop,
COMMERCIAL EPITOME.
and
LU.
I
6,508.775 bales, against 5,681.049 bales for the same period of
1889-90. showing an increase since Sept.l, 1890, of 827.726 bales.
at—
Receipts
Mon.
Sat.
Wed.
Tues.
FH.
TKurs.
Total.
859
1,933
1,743
1,410
411
663
7,039
Orleans...
Mobile
Florida
1,893
7,819
2,502
315
136
805
134
2,100
233
1,003
1,018
Bavaunali
Brunsw'k, &o.
Charleston
Port Royal,&o
Wilmington
Wasfb'gton.&c
Norfolk
1,358
2,731
836
2,011
1,369
1,436
1,237
1,929
1,664
1,936
879
1,821
695
35
81
68
10
113
88
41
16,122
2,569
28
9,761
1,237
8,924
88
712
200
1,802
1,179
704
347
842
103
508
462
274
1,440
450
802
752
369
679
447
252
920
373
987
300
476
74
74
537
116
913
472
183
906
3,127
9,506 12,344 15,908
9.413
6,505 11,057
64,733
Galveston
El Paso, &c...
New
West Point...
733
28
N'wp'tN'8,&c.
New York
Baltimore
Plilladelpli'a,&e
Totals this week
348
5,993
2,189
987
1,840
4,407
we
give the following table showing the
week's total receipts, the total since September 1, 1890. and
the stock to-night, compared with last year.
For comparison
1889-90.
1890-91.
Stock.
Receipts to
Salveston .
El Paso.&c.
.
New Orleans.
Mobile
Florida
Savannah.
..
Bruns., &o.
Charleston ..
P. Royal.&c
Wilmington
Wash'tn,&o
Norfolk
West Point.
NwptN.,&c
New York.
..
Boston
Baltimore. ..
Phll'dera,&o
1,
1890.
Since Sep.
1, 1889.
1890.
1891.
30,206
4,379
223,421
26,104
85,739
8,469
37.949
10,356
833,151
23,212
1,899,659
238,662
31,898
922,244
161,450
316,291
1,833
132,634
3,740
395,491
322,839
55,582
111,800
69,563
87,083
73,904
538
332
141,133
7,300
3,242
12,460
124,134
19.330 5,681.049
533.023
269,918
964.383
23,716
16,1221,947,522
2,569 280.298
43,211
28
9,761 1,063,391
1,237 180,266
8,924 478,681
809
88
348 184,989
3,744
5,993 5S9,385
2,189 327,262
90,507
987
1,840 121,286
4,407 101,688
74
48.803
48,834
3,127
1,898
7,039
64,733 «,50S.775
Totals
This
Week.
Siiice Sep.
This
Week.
April 24.
3,811
212
299
2,157
766
104
1,314
1,754
583
1,189
1.206
2,149
1,888
976
32,034
905
7,473
4.337
8,179
3,968
11,162.
1,667
12,438
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts
at—
7,039
16,122
2,5G9
9,761
9,012
Galv'ston.&c
New Orleans
Mobile
Savannah.
1,898
3,811
..
Charl'8t'n,&c
Wllm'gt'n,4o
Norfolk
W't Point, Ac
il' others....
1887.
1888.
1889.
1890.
1891.
1886.
182
1,262
11,074
5,015
9,584
we
7,923
3,170
9,874
212
839
500
106
770
2,157
2,645
2,229
4,003
2,209
45
4,633
2,742
3,571
2,090
2,981
7,14S
4,464
811
6,387
2,543
5,167
30,641
15,141
40.30»
348
766
104
5,993
3,176
10,713
1,314
2,337
6,731
194
1,546
6,374
8,779
709
66
998
86
;
prices.
Kentucky tobacco has been more active; the sales for the
week amount to 450 hhds., half for export, at firm prices.
Seed leaf in fair request, and sales for the week are 923
cases,
as
follows: 350
cases 1889 crop, Pennsylvania seed,
ll^@15c.; 100 cases 1889 crop, Pennsylvania Havana, 13W(a'
80c.: 150 cases 1889 crop, Wisconsin Havana, 7@12i^c., 75
cases 1889 crop. New England Havana, 16@50c.; 100 cases
1889 crop, State Havana, 14(8 28c., and 150 cases sundries, 7®
35c.; also 600 bales Havana, 70c.(i$l 15, and 75 bales Sumatra, $1 85(32 90.
On the Metal Exchange Straits tin closes steadier, with
sales to-day of 40 tons at 19-50c. for May, with July quoted at
19-60c.
Ingot copper remains entirely nominal. Domestic
lead has declined, and 16 tons on the spot sold to-day at 4-15o.
Domestic spelter is neglected. The interior iron markets report
a better demand for nearly all descriptions, but at low prices
which sellers are not inclined to accept, showing, in fa«t in
'
some cases a disposition to advance figures.
Refined petroleum is quoted 7-1.5c. in barrels, 9-20c. in cases
and 4-60c.
bulk naphtha, 6-25c.; crude in barrels 6-75c. and
in bulk 4-20c,; crude certificates closed at 69c. Spirits turpentine is decidedly higher on a better demand, and closes at
40®
40i^c. Rosins are quiet and easier at $1 67^fa$l 70 for
strained
Wool is dull, but low grades are firm. Hops in fair demand
at very full prices.
m
;
64,733
rot.thisweek
Since Sept. 1
19,330
36,205
6508.775 5681,049 5388.928 5220,723 5122,151 5039,198
for the week ending this evening reach a total
of 89,614 bales, of which 57,388 were to Great Britain, 12,250
Below are
to France and 19,976 to the rest of the Continent.
the exports for the week, and since September 1, 1890.
The exports
Week EndinQ April
Exported
SxporU
from—
—
From
24.
to
Galveston
New
Orleans.
37,384
18,882
—
—
—
Charleston
Wilmington...
Norfolk
7,411
Boston
Baltimore
Phlladelp'a.&c
Total
Total, 1880-80
127,624
37.637
3,389
98,680
135,338
16.330
7.411
98.532
268.265
661
856
14.956
9.761
«,416
18.S43
71.979
S93.4S7
1,151
10,912
172,233
6,797
9,959
59.868
20.010
4,
800
800
67,868
12,280
38.4fla
750
19,976
1,647
11,699
129,893
661
855
Point...
N'portNws, Ac
N«w York
498,406 25.108
807,805 376.686'
74,367
Mob. & Penc'la
Savannah
Brunswick
West
Sept. 1, 1890, to .Apr. 24. 189X
Exported to
Great
Oreat
OontiWeek. BrUain. '^anee
Brtt'n. France „4^_
Total
Oonti-
„f^_
229.258
63.180
46,412
31,730
380.926
165.155
6,916
76,977
1,914
69348S
719
34,496
Total
102.952 626,466
624,748 1,708.138
71.867
580.9St
416,670
23.366 121.996
16S.85I>
316.276
161.12S
72.69S
179.148
149.641
21,914
89.614 2,945,937:513,817 1,686,278 6.149,031
2.«77.117'«70,051 1.470.8B7 4,618.0SS
U
6
.
April
1'
1
On
If
Shipboard, not cUared—for
Coatl-
Other
Franet. Foreign
Great
f
726
None.
None.
32,050
11,920
8,900
16,700
None.
3,300
10,400
11,000
26.104
4.H79
130,753
24,957
4,636
93,870
441,153
None.
None.
None.
None.
None.
60
None.
4,208
None,
7,300
12,000
None.
None.
3,590
8,000
None.
None.
New York
Otber porta....
20,019
9,709
None.
4,700
None.
2,800
7,800
8,000
Total 1891...
53,028
7,098
29,148
Galveston
Bavannab
.. ..
7,008
2,211
1,200
500
I
19,828
29,991
The speculation
%0
«
I
Strict
Low
6^4
758
7»i«
8
718i«;
838
8Sl8
Z'i«
71*1.
86,8
6%
,
Middling..,
Middling
Good
Middlinjj
Good Middling.
Middling Fair
lOli,,
Fair....!
GULF.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
Strict
Low
OH
s§
MM
~l
»00
'^
So^"
75l8
a
M(o
2
-100
»o>-'-'
*.®;
1
.Middling
938
10»8
lOia
,
Strict Gooil .Middling.,
Middling Fair
Pair
10^8
I
2
.
<
.
5
w
xooooo
M
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Q0»
-j«
CCQOQOO
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div
ODOCCOO
v*Uf
5
XX
o
X»4
2
tCr-tS"'
&.<=;
ODob^ob
M
I
5
•10^8
1138
1138
7>e
8
8
838
83i
9>6
9»ie
IOI18
838
.
2
9>e
O900
«)<«»
2
<
-1»J
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o-w
«®:
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h-l^
10
ecoo
5
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I
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xxcx
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8
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:
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tc
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"Pi
«.-^:
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6«":
I
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2
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I
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I
I
^
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xtoox
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1
107,8 10T„ 107,8 107,,
llBis ll»i« 115,, 116,, lll'lg
1118,g mi,. iii?„'iiia„ ll"l«
11!>8
I
«:
I
1:
:
<
1
I
I
I
<»:
I
«:
I
l:
I
1:
1
ll^g
,
STAINED.
non Tnea Wed
Sat.
1
Tb. Fn.
I
1
1:
Includes sales lu September. 1890, tor Sept»'mber, 228.300; 8eptem,
ber-October, for October, 349,300; Scptember-yovemher, for N'ovetnber382,700; Septenibcr-Decerabcr, for December. 917,300; aeutember,
January, for January, 2,260,800; September-February, for February1,589,100; September-March, for March, 2,447,600.
*
Good Ordinary
Good Ordinary.
.»lb.
Strict
6' 18
I>ow Middling
Btlddllng
MABKET AND
POT MABKBT
CLOSED.
6
6
6
6
6
6<^
7»s
esg
7'»
6»8
7>«
63s
7>«
«38
8i>ie
8lSi«
8»,.
86,,
85,8
711I
SALBS OF SPOT ASV TBAK8IT.
S*-
I
Con-
Weak
Monday.. Quiet at 1 1, dec.
Tuesday.. Quiet
Wed 'day Quiet
Thursday Quiet
Friday... Quiet A steady.
Spec- Tran-
Total...
tit.
Sales of
Puturet.
Total.
151
151
54.200
117,000
144,500
147,600
164.800
139,100
1,158
1,158
767.200
140
285
190
263
129
'.'.'.'.
'.'.'.'.
140
285
190
263
129
The Sales and Prices of Futures are shown by
following comprehensive table:
e.^cli.inges have_been made during the week:
for Juno. Even 200 .\ug. for 8ei>t.
100 May for June. 17 pd. to excli. 500 Jiine for Aug.
100 June for July. •27 pd. to exch. I.IKK) May for Aug.
OWpd. toexoh. 1,900 May for Juno.
300 Aug. for Jau.
100 May for July. 18 pd. to exoh. 1,500 June for Aug.
06
pd. t« exoh. 100 Aug. for Deo.
100 .May for July.
100 July for Aug.
Even. 500 Sept. for Ang.
700 Nov. for Jan.
The following
SALSS.
ptrt. \$ump.
Saturday
00 00
-JOS
1*^^
XX
u XX
coop
10 to
lO'a
1138
7'9
lOMe
QCOOQOO
to
00(0*00
7».6
10
7i8
91a
©'is
8ii,.
2
xxooo xooooo
6H;«
10
8
8%
8%
8l3l8
,
Middling..,
§,'«
idi
-job*-4
8%
s^s
9»8
11%
Illon
,
6>4
5
*»:
o
ODXOOO
I
0000
I
OOODOOO
Vn
\
6>4
6lli,
7»ia
71*,«
85|«
CO
w
2
^
tf^i^
*.ioo
,
lOTg
1138
6%
.»lb,
,
7»J8
8 '8
»»9
10
10
Sat.
Middling
Good
8^8
81'u
9"l«
101,6
Tb.
Si'"
8»i.
,
Strict
Wed
r
QDQDOOO
«•«:
—
6>4
2
'
u
^
rcCD
—
raon Tnea
I w
it i u
1,158 bales, including
for'export, 1,158 for consumption,
for speculation, and
bales
in transit. Of the above
were to arrive. The following are the official quotations for
each day of the past week April 18 to April 34.
Sat.
00
00,
;
.lb. 6ha
(C5;i
QD
:
224,115
374.648
;
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
••1
10
^
OOGD
;
UPLANDS.
ITi
a*--?:
15.354
market
has been quite active for the week under review, and prices
have fluctuated more widely than for several weeks past. The
opening on Saturday was quite depressed, and on Monday
there was a semi-panic, under which prices rapidly declined.
The relatively large movement of the crop, the good weather
throughout the whole South, and the depression in the markets of Liverpool and Manchester, all united to discourage
operators for the rise, and they threw over their holdings
with much energy. The market on Tuesday opened at a
slight decline, but there was a quick rally and then a smart
advance. It appeared that one or two leading commission
houses had advised their customers to cover their contracts,
and this was done very freely not only this, but there was a
good deal of buying for the rise. August contracts quickly
rose from 8'68c, to 8'84c,, and the rest of the market
moved in sympathy but part of the advance was lost
in the last hour. Wednesday s market was nearly a repetition
of Tuesday's, except that a further advance of ten points
was better sustained. Thursday's market opened at a sharp
decline, under sales to realize, due to depression in the Liverpool market, but it fully recovered on the indications of a
material reduction in receipts at the ports and renewed
manipulation in the " bull " interest. The market to-day had
a buoyant opening, in response to a sharp advance in Liver
pool, and the best prices of the morning were about 30 points
above the lowest figures of Tuesday but free selling to realize caused not only the loss of the early advance but a slight
decline from yesterday's final figures. Cotton on the spot
declined 1-1 6c. on Monday, and remained quiet and unchanged,
middling uplands closing at 8^c.
The total sales for forward delivery for the week are 767,200
bales.
For immediate delivery the total sales foot up this week
——
00
29,419
in cotton for future delivery at this
—
^
,^00
18,28(1
45,803
70,695
3,749
11,162
20,348
27,139
1,878
2,403
^
00
191, .171
I
Total 1890...
ToUl 1889...
lis
9:
II
Btoch.
Total.
wite.
nt
m
.1
Leaving
Britain.
H49
iii
We
Kew Orleans...
1
^^
In addition to above ex|>ort«, our telegrams to-niKht uIho
give us the following amounts of cotton on shipboard, not
odd similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Carey, Yale & Lambert, 34 Beaver Street.
April 24 tU-
1
1
;
THE CHRONICLE.
25, 1891.J
Obarleston
Mobile
Norfolk
;
the
•07 pd. to
•08 pd. to
08 pd. to
•13 pd. to
•17 pd. to
•18 pd. to
exoh.
exoh.
exch.
exch.
exch.
exch.
.07 pd. to exch.
•07 pd. to exch.
300 May
The Visible Supply of Cotton to-night, as made up by cable
The Continental 8t<K-l£s, as well aa
is as follows.
those for Great Britain and the afloat are tliis weelt's returns,
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
figures for to-night (Apr. 24), we add the item of exports from
the United States, includiug in it the exports of Friday only.
and telegraph,
THE CHRONICLE
660
1890.
1891.
Stock at Liverpool
Btook at London
bales. 1,180,000 1,111,000
17,000
12,000
1889.
889,000
12,000
1888.
828,000
21,000
901,000
2,400
37,400
16,000
849.000
3,000
44,900
18,000
400
700
184,000
Total Great Britain stock. 1,197,000 1,123,000
4,200
4,000
Stock at Hamburg
163,000 124,000
Stock at Bremen
19,000
7,000
Stock at Amsterdam
400
300
Stock at Rotterdam
5,000
8,000
Stock at Antwerp
232,000 192,000
Stock at Havre
4,000
7,000
Stock at Marseilles
94,000
125,000
Stock at Barcelona
5,000
11,000
Stock at Genoa
3,000
.-...
18,000
Stock at Trieste
12,000
122,000
5,000
81,000
17,000
10,000
438,300
303,200
587,400
Total Continental stocks
400
3,000
68,000
6,000
7,000
333,000
Total European stocks
1,784,400 1,561,500 1,204,200 1,182,000
India cotton afloat for Europe. 240.000 328,000 260,000 197,000
Amer.cotfn afloat for Europe.
Total visible supply
182,000
19,000
269,918
73,994
13,712
318,000
36,000
535,023
216.300
14,634
Egrpt,Brazil,&c.,afltforE'r'pe
Stock In United States ports..
Stock In U.S. Interior towns..
United States exports to-day.
215,000
17,000
445,343
71,227
18,474
239,000
54,000
532,473
188,775
13,203
3,144,357 2,448,124 2,231,244 2,406,451
Liverpool stock
Continental stocks
American afloat for Europe...
United States stock
Dnlted States interiorstocks..
United States exports to-day.
Total American
Matt Indian, Brazil, die.—
840,000
344,000
182,000
269,918
73,994
13,712
931,000
464,000
318.000
533.023
216,300
14,634
bales.
692,000
193,000
215,000
445,343
71,227
18,474
608,000
213,000
239,000
532,473
186,775
13,203
2,478,957 1,723,624 1,635,044 1,796,451
Uverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, Ac, afloat
Total East India, Ac
249,000
17,000
123,400
240,000
36,000
271,000
12,000
94,500
328,000
19,000
197,000
12,000
110,200
260,000
17,000
665.400
724,500
596,200
220,000
21,000
118.000
197,000
54,000
610,000
2,478,9.37 1,723,624 1,635,044 1,796,451
American
Total visible supply
3,144,357 2,448,124 2,231,244 2,406,451
Price Mid. Upl., Liverpool
4%d.
6'itd.
6d.
SSsd
Price Mid. Upl., New York....
S^sc.
ll'so.
10l5,e0.
9i3i60.
t^~ The imports into Continental
ports this
week have been
108,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 696,233 bales as compared with the same date
of 1890, an increase of 913,113 bales as compared with the
corresponding date of 1880 and an increase of 787,906 bales
as compared with 1888.
At THE Interior Towns the movement—that is
the receipts
since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1889-90—13 set out in detail in the
for the week,
and
following statement.
rvoL. Lii.
QtrOTATIONS FOR MIDDLING COTTON AT OTHER MARKETS.—
Below we give closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week:
CLOSDja QDOTATIONS FOR MIDDLING COrTOil 0»-
Week ending
April 24.
Satur.
New
.
Thuri.
8l8
8 la* "8
838
81a
S'a
8 '8
SiaB'»8
8»9®^
8'saS8
8's®«8
8is®58
858
858
838
8=8
8^8
819
8^8
8I9
9
8''8
8 '8
8''8
9'fl
91s
8=8
8»ii,
8=8
81a
8»,g
938
8»8
81s
81a
938
858
81a
8's
9
9
8"ie
858
Memphis..,,
Louis
St.
9%
Cincinnati
.
9I8
9>8
9
9
Louisville.
..
9
9
9
9
The closing quotations to-day (Friday)
Southern markets were as follows:
s'le
S^a
Sis
8is
Kock
Montgomery.
Little
l>
8^8
8I9
Wilmington
Columbus, Ga.
Columbus,Miss
Kufaula
89,.
14"
8%
8%
Charleston.
Norfolk
Boston
Baltimore. .
Philadelphia
Augusta.. ..
Fri.
87'*
13'
8Ja
83,«
8'i«
.
Wednet.
8=8
Orleans
Mobile
Savannah
Tues.
Jlfon.
8%
Galveston...
Of tbe above, the totals of American and other descriptions are as follows: Atlanta
ATturxcan —
Total
—
«
...
.
838
8I3
8''8
878
938
858
8I3
81a
9
9
at other important
SH^ia
814 Kalelgh
838 Rome
8»8| Seima
814 Shreveport
.
Nashville
Natchez
838
7^8
Receipts From the Plantations.— The following table
Indicates the actual movement each week from the plantations.
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
Qnally reaches the market through the outports.
Week
Receipts at the Ports.
SVk at
Interior Towns. Rec'pts
from FlarWns,
Bn<f»no—
Mob. 20.
' 27
...
Apr. 3
"
10
"
17
81
1889.
1890.
84,273
51.573
46,500
40,407
38,547 92,675
41.065 100,803
34,377 94.109
23,570 73.413
20,981 71,313
19.380 64,733
38,9i;2
36.206
1891.
1889.
1890.
1891.
195.628 154,459 321,139
175,633 128,127 296,153
148.217 119.026 277,116
128,779 99,005 255,024
102,888 90,252 212,741
81.090 80,083 232,335
1889.
1890.
1891.
64,631
31,578
17,857
14,763
19.084
20.969
26,246
3,649
12,228
9.161
69,766
75.817
75,072
13,031
14,407
51,321
69,030
64,327
The above statement shows: 1.—That the total receipts from
the plantations since September 1, 1890, are 6,727,497 bales; in
1889-90 were 5,748,688 bales; in 1888-89 were 5,454,643 bales.
8.
That, although the receipts at the outports the past week
were 64,733 bales, the actual movement from plantations was
onljr 54,327 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
tor the same week were 9, 161 bales and for 1889 they were
—
14,407 bales.
Overland Movement for the Week and since Sept. 1.
a statement showing the overland movement
for the week and since September 1. As the returns reach us
We give below
?
ggss.3.5-3,
i
tr"^
B S 5
?p w<t
T rg-B 3 B 2 s<S
o
a
B
»» 2
»;
R^.
;
oscn-j-q;
000
to QD
.
!'
.
•
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending April 24
and since Sept. 1 in the last two years are as follows:
1890-91.
tc o: I- (— cc
tt-
c: a» Kt
M
o t^ M
»«k
Vc*3OC0:
<J05if*Cp;
MGCtOf-''
l^QOMCO'
cch-'^m;
<lCfll-«tO.
p(».lO
1^00
toco
CO*
oI
©.
ci;
April 2i.
oaMwaSSw
coo pp. CO 10 a,*' CO CD
Week.
was
h^
M O to GC to CO CO *. ^ X r- CC a
C CD rf^ -J
to -Iv ^Ip- 0; C_J-'<I« X'CD C;- OT
00~I
Shipped—
Via St Louis
tf».
O^OCC^-MKitO©^v'b">-''•-O^^OO^aSO
»-c^toK!Mcoos^totoa;rf»-<-*^o«tocoi<icrco<icD^®QDtocotOh-to#'Uicci*».a
•;^)^50C/"<
M^cototo
-.s
Via Cincinnati
Via other routes,
MCO
o>acO(^Qox y»cD
_
<&c
"iso
2,011
2,337
1,468
COfJDtOi^tOO'. Oirf^CDtOOCfCD-SJ^CDCD
Total gross overland
Deduct shipments —
Overland to N. Y., Boston, &o..
WK) i^pH-CCM*q|ik.
COrfk-^Xi^CntO
eDCowbcotoo.cc
^S^t;:9^-^*r'V*"0:
QD CO CJ QD r- M
eo O )t^
O CD to CD X o; *.
^3*»^ ex -1010 CO in. OXrf^toSoiQ"W
rf:.
Between interior towns
Ac, from South
Inland,
rf*.
Leaving total net overland*..
o-q»Mi>.
mm^m;
;
wen
H.
H.
M
05
? j°^'.*-.•^i|^.o
^ n^ ~a ^ (B *: Qo o S
» C050 .J 05 o <o 01 oj w o w - b !o CO M b a>
2i>vOC«i^b3 -J O, <C M (E a CO M *^ W O S O
pft-
at*
IB.
Q0«
15,262 1,416,861
9,448
763
1,159
««o«cn:
»J0
01
ai-,-.i-
(CM.
;<io^en;
it--oooiocoK)(joi xi'
•Louisville Bgures "net" In l)Oth years
year's flRures are for GriflSn.
t SIS'?'
} This year's figures estimated.
The above
206
296
1
.«is-q
1,570
903
507,924
303,908
58,679
20,655
114,744
205,088
153,043
5 Sec*.
MO«
^0®M
01
"
15,524 1,3U6,041
6,043
87
2,268
342,354
52,857
105,781
516,391
8,398
500,992
3,892
900,470
7,126
865,049
1890-91.
Week.
oifcSiojSoisS
(OCO
320,611
107,374
88,406
11,370
Takings.
.
8.429
2,537
Including
In Sight and Spinners'
.
528,898
277,919
84,772
26,696
193,600
167,961
137,015
Sitiee
Sq>l. 1.
Week.
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 3,8S2 bales, against -7,126 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 35,431 bales.
*
*:oMtOMM-S
lai
MM M
1.
Gcni.c;ifcO(DcoQDOio«osr-cDo:»oai*-l-
Total to be deducted
O'ff.CSO'OiO-a
Sept.
5,448
3,848
Via Cairo
Via Hannib.il
Via Evansville
1889-90.
Sinee
1889-90.
Sinee
Sept.
1.
Week.
Since
Sept.
1.
Receipts at ports to April 24
Net overland to AprU 24
Southern consumption to Apr. 24
64,733 6,508,775
3,892 900.470
9,000 448,000
Total marketed
Interior stocks in excess.
77,625 7,857.245 34.456 6,958,098
10,406 218,722*10,169
67,639
Came
Into sight during week.
Total in sight April 24
67,219
19,330 5,681,049
7,126|
8,000'
86.5,049
412,000
24,2871
8,075,967
7,025,737
show that the old Interior stocks have North'n spinners tak'gs to Apr.24
1,740,7161
1,670,299
decreased durmg the week 8,591 bales, and are
* Loss in stock during week.
to-night 142 306
bales more than at the same period last
year. The receipts at
It will be seen by the above that there has come into sight
^^L^^% ^^"^ have been 9,680 bales wore than tl^ Wee during the week 67,219 bales, against 24,287 bales for the
same week of 1890, and that the increase in amount in sight
are 531.248 bales more than for the same
time in 1889-90.
to-night, as compared with last year, is 1,050,230 bales.
totals
i
:
API
THE (HRONllLE.
IL S6. 1891.1
Weather Krports by
Teleouapii.
—Telegraphic
advices
to U8 from the South to-niKht indicate that the weather has
on the whole l)een favorable during the week. Rain has
fallen in most districtH, and in portions of Texas the urecipitation has Ix'on heavy but beneficial. The Mississippi River is
DOW receding rapidly. Planting is progressing well and at
aome points the seed is coming up.
Oalveston, Texas.— Vfe have had showers on four days of
the week, the rainfall reaching one inch and flfty-nine hundredths. The thermometer has ranged from 62 to 76, averag-
ing
69.
Palestine, Texas.
—
— It has rained tremendously on
five
days
fall
—
—
to 83.
Madiaon, FloriiUi.—'We have bad rain, one shower daring
the week, the rainfall reaching thirty-five hundredtba of an
inch. The thermometer haa averaged 78, ranging from 00
to 86.
Columbus, Oeorgia.— There has been no rain all tb« weak.
The thermometer na« ranged from 64 to 84, averaging 75.
Savannah, Oeorgia. We have had rain on one day to th«
extent of thirty-eeven hundredths of an inch, and the remainder of the week has been pleasant. Average thermometer
—
highest 79, lowest 59.
Georgia. The weather has been clear and pleaMmt
during the week, with light rain on one day, the precipitation
reaching two hundredths of an inch. Tlie thermometer has
averaged 78, the highest being 90 and the lowest 59.
Charleston, South Carolina. There has been no rain all
89,
—
A uywita,
week very beneficial but stopoing work. The rainreached five inches and thirty huuuredths. Average thermometer 68, highest 83, lowest 54.
Huntsville, Texas. We have had good rain on four days of
the week, the rainfall reaching two inches and neventy-flve
hundredths. Agriculture is prospering. The thermometer
has averagp<l 68, the highest being 83 and the lowest 55.
Dallas, Texas. There has been welcome rain on four days
of the week, and it was general throughout North Texas.
The precipitation reached three inches and forty-two hundreJths. The thermometer has averaged 68, ranging from 53
of the
—
San Antonio, Texas. We have had good showers on five
days of the week, the rainfall reaching two inches and sixtyThe thersix hundredths.
Crop prospects are excellent.
mometer has ranged from 53 to 78, averaging 65.
Luling, Texas. There has been heavy but beneficial rain on
three days of the week, the precipitation reaching two inches
and eight hundredths. Crop prospects are very fine. Average
—
thermometer 66, highest 83, lowest 48.
Brenham, Texas. There have been tremendous tains on five
days of the week, and streams are generally out of their banks.
But no great damage done as yet. The rainfall reached
four inches and twenty -one hundredths. The thermometer
has ranged from 57 to 83, averaging 70.
Cuero, Texas. The outlook is splendid; there is a large increase in cotton acreage. We have had three days of fine rain
during the week, and the rainfall was one inch and sixty-five
hundredths. The thermometer has averaged 68, the highest
being 80 and the lowest 56.
Columbia, Texas. We have had showers on two days of
the week, the rainfall reaching fifty-seven hundredths of an
inch. The thermometer has averaged 73, ranging from 61
—
—
the week.
62 to 76.
—
The thermometer has averaged
—
averaging 70.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 8
o'clock April 28, 1891 and April 24. 1890.
—
Apr. 83,
New
Above low-water mark.
Above low- watermark.
NaabrlUe
Above low-water mark.
Bhreveport
Above low-water mark.
Above low-water mark.
VlcksbuTR
NoTR.— Reports are made In feet and tentlis.
Orleans
MempblR
83 and the lowest 43.
New Orleans, Louisiana. —There has been rain on one day
of the week, to the extent of eighteen hundredths of an inch.
The thermometer has averaged 72.
Shreveport, Louisiana. —There has been rain on each day
of the week, to the extent of two inches and twenty-three
hundredths in all. The thermometer has ranged from 58
to 79, averaging 68.
Columbits, Mississippi. Rain has fallen on two days of the
week, the precipitation reaching seventy-one hundredths of
an inch. The thermometer has averaged 70, the highest
being 86 and the lowest 56.
Leland, Mississippi. Rainfall for the week one inch and
—
—
seventy-two hundredths. Average thermometer 71-7, highest 88 and lowest 63.
Helena, Arkansas. Crops are late but in good condition.
There has been beneficial rain on three days of the week, the
rainfall reaching one inch and seventy -five hundredths. The
river has receded eighteen inches from the highest point, having fallen two inches within the past twenty-four hours. The
thermometer has ranged from 56 to 83, averaging 67.
'•
Little Rock, Arkansas.
The weather has been mainly
clear and pleasant, with a rainfall of eighty-eight hundredths
of an inch during the week, and planting intierests are making favorable progress. The thermometer has averaged 70,
ranging from 57 to 83.
Memphis, Tennessee. It has rsdned on four days of the
week, the rainfall reaching one inch and seven hundredths.
The weather is now clear and warm. Planting has been
somewhat delayed by buffalo gnats preventing stock from
working. The river is eight-tenths of a foot below danger
hne. and falling. Average thermemeter 72, highest 86 and
lowest 48.
Nashville, Tennessee.—Telegram not received.
Mobile, Alabama.— It has rained on one day of the week,
nie precipitation reaching forty-seven hundredths of an inch.
The weather has been excellent and planting is about completed except on lately-overflowed bottoms. Crops are developmg promisingly. The thermometer has averaged 73,
—
—
—
62 to 83.
Juontgomery, Alabama.— The weather has been fine during
the week, with rain on one day, the precipitation reaching
forty-five hundredths of an inch.
Planting is progressing
well, and cotton is coming up nicely.
The thermometer has
tanged from 62 to 86, averagmg 74.
Selma, Alabama. It has rained on one day of the week to
the extent of thirty hundredths of an inch. Average thermometer 70, highest 82 and lowest .59.
Auburn, Alabama.— The week's precipitation has been
nuiety hun(lre<lths of an inch. The thermometer has averaged
—
30-8, the highest
bemg
88 and the lowest 61.
AeC
15-5
32-6
12-3
10'4
47-3
15-2
28-7
18-3
28-4
49-0
Movement from all ports.—The
India Cotton
the
week and
receipts
year, bringing the figures
down
to April 23.
BOMBAY BSCEIPTS AND BBIPMEirrS FOB FOUB TKaBS.
SMpmentt
Shipmentt tinee Jan.
this week.
Tear Oreal ContiBrifn. nent.
Great
Total. Britain
Continent.
Calcutta—
1891
1890
Continent.
2,000
Since
Thit
Week.
Jan.
Qreal
Britain.
Total.
1.
68,000 1,177,000
96,000 1,219,000
69,000)1,149,000
67,000l 862,000
554,000
817,000
805,000
478,000
Shipments tmct January
Shipmenti for the week.
Oreat
Britain.
ReeeipU.
1.
Total.
1891 2,000 46.000 48,000 59.000 495,000
1890 13.000 59,000-2,000 210.000'fi07.000
1889 18,000 26,000 44,000 241.000 564,000
18881 l,000l25,000 26,000 122,0OOi356,00O
— Telegram not received.
W'eatherford, Texas. — It has rained on
four days of the
week, the rainfall reaching two inches and forty-five hunThe thermometer has averaged 62, the highest being
Apr. 24. '90.
'91.
Feet.
and shipments of cotton at Bombay have been as follows for
to 82.
Belton, Texas.
dreilths.
from
ranging
70,
Statdnira, South Carolina. Cotton planting is progressing
rapidly ana some seed is coming up. There has been no rain
all the week.
The thermometer has rang^ from 58 to 88,
—
MDging from
661
Continent.
1.
Total.
2,000
7,000
4,000
7,000
18,000
20,000
34,000
56,000
52,000
76,000
iiooo
1,000
1,000
4,000
5,000
2,000
5,000
6,000
10,000
2,000
15,000
13,000
10,000
16,000
25,000
29,000
7,000
8,000
37.000
38,000
46.000
77,000
83,000
115,000
Madras1891
1890
othera—
1891
1890
1,000
All
2,000
Total all—
1891
1890
5,000
2,000
8,000
EXPOBTS TO EUBOPE FBOM ALL IHDIA.
1890.
1891.
Shipmentt
Surope
ThU
to all
from —
Bombay
All other ports.
Total
Sinee
This
week.
1889.
Sinee
Jan. 1.
ThU
SiTue
week.
Jan. 1
week.
Jan.
48.000
7,000
554,000 72,000
83,000
8,000
817,000
115,000
44,000
3,000
805,000
109,000
55.000
637,000
932,000
47,000
914,000
1.
80,000[
ALEXANDBIA BECEIFT8 AND SHIPMBNTS.
Alexandria, Egypt,
April 22.
Becelpte (oantars*)....
This week....
Since Sept. 1.
1890-91.
1889-90.
1888-89.
16.000
3,071,000
10,000
3,122,000
6.000
2,710.000
Sinee
This
week. Sept. 1.
Thii
Sinee
week. ISepI, I,
2,000 267,000
8,000 191,000
1.000 245.000
1,000 141,000
1,000 216,000
4,000 139,000
10,000 458,000
2,000386,000
S,000|855,000
Thit
Sinee
week. Sept. 1.
Exports (bales)—
|
To Liverpool
To Continent
I
Total Europe
I
A cantar Is 98 pounds.
Manchester Market.—Our report received by cable to-night
from Manchester states that the market is easy for yams and
steady for shirtings. The demand for both home trade and
*
foreign markets is improving.
We give the prices for to-day
below, and leave those for previous weeks of this and last
year for comparison
1890.
1891.
32« Cop.
8>4 lb:
Shirting*.
Tteitt.
d.
d.
s.
d.
s.
d.
well
ve 11
»7^
Apr.3 7>ls «7\
«6 11
" 10 7% *7\ 5 11 to 11
" 17 7»* •?%
Sll •611
" 24 7S|*«71I|t5ll »6 11
Mh.20 7l|»«7H
" 27 7»»
9 11
5 11
5 11
Cott'n
jf jrf.
pjSrf*
d.
__ _
82* Cop.
ri«^d.
d.
8>4 Ibt.
Shirting*.
«.
d.
«.
d.
Komiiua.
4l»,«8»iii*8llu
8»,««8ll|, e a »7 3
4'9
8»,«»8ll,. e B •?
f 1 •'
4l»U 8»„«8"|. :6 S »7
4% f»K 9SH 6 3>ta7
4»9
41!',.|8»,«»8H„
8
1
Ootrm
Mid.
UpUt
d.
2l!
2!*
2S
21*
3
3HI 2I'«
•it
F
.
.
THE CHRONICLK
652
EuBOPKAN Cotton Consumption for April.— We have
received to-day, by cable, Mr. Ellison's cotton figures brought
down to April 1. The revised totals for last year have also
been received and we give them for comparison. The spinners'
takings in actual bales and pounds have been as follows:
OeUiber 1
lo
April
For 1890-91.
TaUngg by spinners., .bales
Average weight of
Takings In pounds
TotcU.
Oontinenl.
SrtcU Britain.
1.
4,359.000
473-6
982,080,000 1,082,484,000 2,064.564,000
bales, lbs
2,046.000
2,313,000
480
468
For 1889-90.
3,993,000
464-5
968,954,000 1.855.252,000
2,120,000
1,873.000
Takings by spinners., .bales
Average weight of bales, lbs.
Takings In pounds
457
473
886,298,000
According to the above, the average weight of the deliveries
in Great Britain is 480 pounds per bale this season, against
473 pounds during the same time last season. The Continental
deliveries average 463 pounds, against 457 pounds last year,
and for the whole of Europe the deliveries average 473-6
pounds, against 464-5 pounds. Our dispatch also gives the full
movement for this year and last year in balea of 400 pounds.
OOOt omitted.
Spinners' stock Oct 1.
Takings in October. .
Total supply
Consump.
Oct., 4 wks.
Oreat
Britain
Conti-
Oonti'
nent.
77,
321,
167,
205,
244,
526,
283,
180,
236,
463,
398,
336,
372,
348,
770,
684,
338,
292,
361,
320,
699,
612,
62,
86,
41.
340,
87,
768,
46.
398,
738,
854,
684,
444,
308,
381.
320,
825,
628.
389,
24,
379,
Total supply
Gonsomp. Nov., 4 wks.
451,
336,
403,
348,
Total.
181,
55,
170,
1,108,
136,
442,
61,
197,
518,
960,
714,
435,
1,338,
855,
578,
385,
579,
400,
1,157,
785,
204,
463,
279.
514.
4S3,
977,
193,
402,
179,
506,
372,
908,
Total supply
Consump. Jan., 4 wks.
667,
336,
793,
348,
1,460,
684,
595,
316,
685,
332,
1,230,
Spinners' stock Feb. 1
Takings in February.
331,
362,
445.
449,
776,
811,
2 9,
323,
353,
454,
63?,
777,
Total supply
Consump. Feb., 4 wks.
693,
336,
894,
348,
1,587,
684,
602,
316,
807,
332,
1,409,
115,
509,
659,
624,
420,
Takings In January..
Takings in December
Total supply
Consump. Dec, 5 wks.
Spinners' stock Jan. 1
55,
Jute Butts, Bagging, &c.— A
slight improvement in the
for jute bagging for current delivery is to be noted.
Dealings, however, have been in small parcels and at un-y
changed prices. There has been more call for bagging for
future delivery, and some orders have been placed. Quotations to-night are 5^c. for IJ^ lbs., 63^c. for 2 lbs. and 63^0,
for standard grades. Jute butts have been dull and are quoted
at l-15c. for paper grades and IJ^c. for bagging quality.
—
Shipping News. The exports of cotton from the Unitet,
states the past week, as per latest mail returns, have reached
74,881 bales. So far as the Southern ports are concerned, thes*are the same exports reported by telegraph and published i»'
the Chboniolb last Friday. With regard to New York w«
include the manifests of all vessels cleared up to Thursday.
Total balet'
New Yobk—To
Liverpool, per steamers Arizona. 1,534
....City of Berlin, 3,003. ...Dryden, 4,394. ...Etrurla,
Majestic, 1,280. ...Olive Branch, 4,522
To Havre, per steamer La Normaudie, 971
To Bremen, per steamers Elder, 400
Fulda, 151
648,
.Explortr, 4,750
Spinners' stock Mch. 1
in
March
Total supply
546,
500,
357.
411.
903,
911,
286,
383,
475,
424,
761,
807.
1,568,
768.
420,
1,046,
435,
1,814,
Consump. Mar., 5 wkn
855,
669,
395.
899,
415.
Spinners' stock Apr.
348,
611,
959,
274,
484,
1
The comparison with
last
year
Peeress, 5,541
To Barcelona, per bark Galeota, 1,500
To Venice, per bark Giovanni, 1,304
Norfolk— To Bremen, per steamer Brunei, 1,500
West Point— To Liverpool, per steamer Euskaro. 1,270
Boston—To Liverpool, per steamers Pavonia, 1,364
Virginian, 1,930
To Rotterdivm, per steamer Urbino, 450
Philadelphia— To Liverpool, per steamer Lord
Oct. 1 to
Balet of
April
400
1890-91.
1.
each.
OOOt omitted.
Oreat
Britain
1889-90.
Total.
2,4.55.
167,
2,706,
244,
5,161,
2,231,
181.
2.422,
Supply
2,532,
Consmupti'n 26 weeks 2,184,
2,873,
2,262,
5,405,
4,446,
2,286,
2,012,
2,603, 4,889,
2,119, 4,131,
Spinners' stock Oct. 1
Takings to April 1....
Spinners' stock Apr.
1
77.
348.
611,
Oreat
Britain
65.
959,
274.
Weekly Oonrumption
00( omitted.
In October
81,0
87,0
171,0
•76,0
In November
84,0
171,0
87,0
77,0
In December
8-,0
84,0
171,0
77,0
In January
84,0
171,0
87,0
79,0
In February
84,0
87,0
171,0
79,0
In March
84.0
87,0
161,0
79,0
• Average as given by Mr. Ellison; deductloa
mado from
on account of stoppage of spindles.
Continent.
74,881
form, are as follows:
pool.
New York.
14,956
N.Orleans. 16,591
Galveston. 7.159
Charleston.
8,740
Norfolk ...
West Point 1,270
Boston ....
3,294
Baltimore
2,,^68
484,
80,0
80,0
80,0
83,0
83,0
83.0
758,
156,0
157,0
157,0
162,0
162,0
162.0
month's
montn s tota i1
the
now
301,000 bales in excess of the
same date last year
I?'?iA,CKOP--The following is from Messrs. Gaddum,
T»«f?i & Co. s cotton report, dated Bombay,
BytheU
March 28-
o
™."H'=*» ^^^ HoU-holldays kept back suDDlies and
falling "^'i"".^*''y
a J^if?®
off in the arrivals
as compared with last week Is vlsiVle The
continues cloudy and almost every district
apprrifencU ralS
TJ^^l^"^
In the Oomra districts hand ginning Is still prog. esslng,
bu t inost of thi
ginning factories will stop work at The end {.f the mofth.
"the B?oach
OTop IS being rapid y marketed, there being fmaU
stocks onlv In the
vmages.
B^ownuggnr and DhoUera markets are
auppUes, and the quaLty is satisfactory.
(,'etting lairiy
s<'<-"i'k
fa°rfv
971
751
150
350
6,497
2,100
765
2,641
•••>
••>>
......
......
1,500
1,304
larw
large
400
...*.
To(ai
18,3i;
27.821
Vfloj
11,.'S4-
1,500
1,.'50'
"345
"isd
3*29
sise
5,237
1,215
'.".'".
''.'.'.'.'.
8,147
3,754
'.'.'.'.'.'.
971
400 74,8
Below we add the clearances this week of vessels carryinf
otton from United States ports, bringing our data down ti
Aiiril
Liverpool— April
17— Steamer
18— Steamer Santanderino, 7,400
Pascal, 3,087.
April 21— Steame
Costa Rioan, 8,109.
To Havre— April 17-8teamer Dupuy de Lome, 7,381
April 13-
Steamer Highland Prince, 4,095.
To Bremen— April 21— Steamer Federation, 4.100.
To Antwerp— April 17— Steamer Dnpuv de Lome, 500.
To Hamburg-April 21-8teamer Highland Prince, 200.
Ohableston— To Gottenburg-April 17— Bark Unlone P., 1,529.
To Barcelona- April 17-Bark Maria, 1,350
April 20-Brl|
Angela, 510.
Norfolk— To Liverpool— April 18-Steamer
The foregoing shows that the weekly consumption in
Europe 18 171,000 bales of 400 pounds each, against
163 000
bales of the same weight at the corresponding
time last
year. The total spmners' stocks in Great Britain
and on
are
Bremen Roller- Barce- Genoa Naples
<£ Ham.- dam <£ lona f£
and
and
Bavre. burg. Antu'p. Mal'ga. Venice. Trieste.
579
Total.... 55,157
Total,
236.
4,653,
3^.
45*
67(
579
Total
the latest dates:
Continent.
8,74(
I,o0(
1,30<
1.5C(
1,27(
The particulars of these shipments, arranged in our osua-
Nbw Orleans—To
lbs.
Clive,
2,64:
3,89'
2,60(
2.10(
7,15!
3,29.
2,561
Baltimore— To Liverpool, per steamer Queensmore, 2,563
To Hamburg, per steamer Cassiua, 345
758
striking by
bringing together the above totals and adding the average
weekly consumption up to this time for the two yeirs.
10(
66;
15(
33(
30C
10(
16,59;
810,
made more
is
65]
10(
Lochmore,
Flowergate, 4,950
2.191
To Bremen, per steamer Annie, 2,641
To Barcelona, per steamers Ponoe de Leon, 2,691
Westhall, 700
per bark Maria Antonio, 506
To Malaga, per steamer Ponce de Leon, 2,600
To Genoa, per steamer Westhall, 2M 00
Galveston—To Liverpool, per steamer Tresco, 7,159
Charleston— To Liverpool, per steamers Carbls Bay, 3,199
Phlladelp'a
Takings
14,95<
971
Trave,
100
Liver-
648,
223
To Hamburg, per steamer Rhaetla, 100
To Rotterdam, per steamer Veendam, 100
To Antwerp, per steamer Frlesland,665
To Barcelona, per steamer Cachemlre, 150
To Genoa, per steamer Anglia, 350
To Naplec, per steamers Aualla, 200
Gergovla, 100
To Trieste, per steamer Anglia, 100
Kbw Obleans—To Liverpool, per steamers Architect. 4,700
Total.
nent.
UI.
demand
...
Oreat
Britain.
Spinners' stock Nov. 1
Takings in November
Spinners' stock Dec. 1
1889-90.
1890 91.
Oct. 1 to April 1.
Bale» o/ 400 lbs. each,
[Vol.
Steamer
April 21-
China, 4,900
.^LSphodel, 2,511.
West Point— To Liverpool— April 24-8teamer Asphodel, 561.
Nbwpokt News— To Liverpool— April 23— Steamer Gardenia, 855.
Boston- To Liverpool-April 13-8teamer Kansas, 2.993
April 14Steamer Venetian, 2,375
April 17— Steamer Soythia, 1,395..
April 20— Steamer Norseman, 2,998.
To H.ambiirg— April 18- Steamer Stubbenhuk,
1,151.
Baltimore— To Liverpool— April 17— Steamer Rossmore. 4.162.
To Bremen— April 15— Steamer Munchen, 1.630.
To Rotterdam— April 10-8teamer Haudel, 1,370.
Philadelphia— To Liverpool— April 21— Steamer British Princess, 800
Cotton freights the past week have been as follows:
Satur.
Liverpool, steam d.
Do late deUv'y.d.
e.
Havre, sieaa;
Do gaU
Bremen, steam
Do
e.
^32
iron.
'32
..>•
T32
'sa
"32
"S2
"8
^
.--.
....
Indtreot.e.
Hunburg,Bteam
d.
Do via indirect, d.
Imst'd'm, steam. e.
Tim*.
Widnei. TKurt.
'32
m.
832
'32
....
....
....
-.•,
'82
''sa
^82
>»*
-...
....
»18
^18
»18
"l«
....
....
....
Ifl
Ifl
1«
.M
H
..»
....
27i«*
'3t
27V
27V
27V
271a*
271s*
....
....
....
Do Indirect. .d.
....
....
....
Beval, steam
d. 3l8*''82 3,g®73j 3l6®'32 'i8®'3a »ib®''3a 'l««'f
Do
sail
d.
....
I4
Bu'oelona,steam d.
I6e4
"64
Q«noa, steam., .d. 63a»llg< B32®llgi
»32
15,4*14
Meate, steam... d.
732
732
Antwerp, steam d. Ssi®''e4 332® 7,4
'.32
Per 100 lbs
...
14
632
I6g4a,i4
'32
....
....
H
I4
^i2
Ha
,
"64® "4 ibm»;
'32
'3.,
•
—
I
LlVEIlPOOL.
y cable 'rom Li verpool wehav a the followin
statement of the wneK'* MitK). St ocks, & 0., at tblat port
.
April
:
.
THE GHEOMOLR
26. 1801.J
April
3.
April 10
AprU
2.'S.0O0
balea
took....
moimt
.
157,000
163,000
130,000
afloat
Of which American.....
....
1 15.0001
24
17. April
41,000
41,000
2,000
1,700
1,000
2,000
&,600
1,000
32,000
34,000
20,000
..•
tales Amertoan
4,000
6,000
4,000
.............
totnal export
65,000
69,000
64,000
orwarded
1.170,000 1,200.000 1,194,000
rotal stock— Estimated
Of whloh American— Estlm'd 882,000 950,000 943.000
94,000
65,000
79,000
Total Import of the week
86,000
51,000
69,000
Ot whloh American..........
ot the weak
which exporters
of
Ot whloh speoolktors took.
hkles
160,000
120,000
42,000
2,700
1,100
33,000
3,000
59,000
1,180,000
031,000
48,000
37,000
180,000
150.000
The tone of the Liverpool market for spots and futures each
lay of the week ending April 24, and the daily closing pricee
af spot cotton, have been as follows:
Saturday Monday. Tu4tday.
Bpot.
Market,
500
)
BasTst
Weak
1-64 de-
oUne.
a.64deoUne.
Bbsj.
Steadier.
P. ii.(
Market,
4 F. M.
i
and
Tull;
Tkund'y. rriOay.
Moderate
4%
411,
7,000
1,000
4,000
Spec Aexp.
1:45
4%
4\
Hld.Upl'ds.
Wtdnes.
depressed malntiisd demand.
fsTor.
Bales
lutura.
Market,
Doll
In barsrs'
(
1:45 p. M.|
8,000
8,000
8,000
BOO
500
500
500
Easy at Steady at
1.64® 2-64 1.64 sd-
at
4.\
5,000
deoltoe.
Ba«T
Tance.
at
partially
1-64 adT.
Firm.
Firm.
Firm at
««tadranoe.
Quiet and
steady.
]
lowest and closing prices
o( futures at
The opening, highest,
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otberwiae stated
Mon., Apr. 30.
Sat., Apr. 18.
Op«n HiQh
i.
d.
.
Open High
Lov).\ Clot.
d.
d.
d.
d.
3»
39
41
46
50
4 53
4 39
4 39
4 42
4 46
4 51
4 53
4 53
4 53
4 39
4 39
4 39
4 39
d.
d.
4 40 4 41 4 40 4 41
April
4 40 4 41
April-May.. 4 40
May-June... 444 4 44 4 44 4 44
48 4 48
448
4
48
4
Jnne-Jnly...
July- Aug... 4 52 4 5S 4 52 4 53
August. ... 455 466 4 55 4 56
Aog.-Sept.. 4 55 4 56 4 55
flept.-Oct... 456 4 56 4 65 455
OCt.-N0T.... 456 456 4 66 456
NoT.-Dec... 4 56 456 456 456
Sec-Jan.... 4 57 458 4 57 458
Jan.-Feb. .1460 460 4 60] 4 60
4
4
4
4
4a
U
!
1/no. Clot.
4U
4
4
4
4
4
45
50
62
62
52
4 42.
4 46
4 50
4 53
4 63
4 53
4 64
Taes., Apr. 31.
Open Hijh Low.
t.
4 38
4 42
4 40
4 45
446 449 446
4 49
4 52
4 65
454
53
54
54
454 453
455 454 454
4 55
4 56
55
d.
4 36
4 36
4 38
4 42
458 458 458 458
4
4
4
4
d.
438
438
4 49
4 49
4 49
4 60
4 51
4 52
I
d.
436 4 33 4 36
Clot.
4 38
4 40
4 46
4 62
4
4
4
4
4
4
61
51
52
53
64
66
4 49
4 49
4 49
4 50
4 51
4 62
4 54
4 51
4 51
4 62
4 63
:
Tburs., Apr. 33.
Fri.,
To-day the speculation weakened a
was again a large business
shipment at |1 18, f. o. b.
OAILT OUMOIO PBIOM OF
e.l2l°s
0. 119>4
116^
July delivery
0.
Auxust delivery
September delivery
c.
0.
Oi:lol)erilellvery
c.
0.
0.
112>«
llO^i
110*i
lim
4 66
Apr. 34.
Wtd,
120>*
117',
iia>«
rue*.
1219b
124''s
September
KaO WIimiB WlaAT.
BO. S
Mon.
Mar deUverr
June delivery
but there
little,
in No. 2 red winter for
121%
110
116
113
113i>s
111>«
1113)1
109'(,
llOH
109H
II8I4
122>«
119',
117>«
1191*
112%
113's
8ept.-0ct... 4 52
Oct.-NOT.... 4 53
NoT.-Deo... 4 53
Dec.-Jsn...
4 66
Jan.-Feb.... 4 57
I
|!
d.
<t.
438
April
April-May.. 438
May-June... 4 40
June-July... 4 45
Joly-Aug... 4 49
4 62
August
Aug.-Sept.. 4 52
1'
I
I
High Low. Ohw. Open High! Low.
d.
4 42 438
4 42 438
4 43 4 40
4 43 4 45
4 52 4 49
4 56 4 52
4 65 4 52
4 66 4 52
4 66 4 53
4 56 4 53
4 57 4 55
4 68 4 57
i
d.
4 42
Clot.
Clot,
d.
d.
d.
d.
d.
d.
4 41
4 39
4 41
4 44
4 44
4 45
4 49
4 54
4 57
4 57
4 66
4 66
4 46
4 45
4 44
4 44
4 45
4 45
4 46
4 51
4 56
446
446
4 49
4 31
4 55
442
4 39
441 4 38 4 41
4 43
4 48
4 52
4 40
4 45
4 49
4 52
4 62
4 52
4 52
4 42
4 40
4 42
4 47
4 51
4 45
4 49
4 62
4 51
4 54
4 55
4 65
4 55
4 55
4 66
4 57
4 59
Open High Low.
4 4?
454
454 4 52 464
454 4 52 454
464 4 52 454
453 4 54 4 53 454
454 4 65 454 4 55
4 56 458 466 458
458 4 57
458 4 57
4 67 456
4 57 456
466 4 57
4 57
460
454
4 59
4 60
4 66
4 57
4 60
d.
458
458
4 67
4 57
4 57
4 59
4 61
May
delivery
0.
o.
0.
0.
June delivery
Julydellvery
114>8
117>«
day was followed by renewed strength on Thursday. To-day
the market was Arm but quiet. In revising quotations, low
grades of whrat flour are advanced much more than high
grades.
Wheat has been the
object of an active speculation, not
only in this market but in the other leading markets of the
world. Prices were very buoyant, with much excitement on
Monday, and there was a sharp decline on Wednesday. It is
diificult to ascribe the fluctuations to anything more than
mere speculation. Crop prospects in t bis country have generally
improved.
...T
82
79
81k
78%
76>«
76<>8
79
76
79>4
74i«
73>«
80
77
1
75
73%
80
7«>4
78%
74»«
73'«
close.
DAILT OLOHMO PHIOU OF RO. 8 MIXaD OATS.
Sat.
MaydeUvery
63
o.
62'*
Mton.
Tuei.
Wed.
63>4
62>4
61>4
60>«
m.
Thuri,
60%
eoH
61
60
60
June delivery
62
62%
60%
59%
59'8
JulydeUvery
59%
Rye and barley are firm but quiet.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
0.
c.
....
these figures):
Fine
Saperflne
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, spring
» bbI.»S40»S4 00
Fine
5259 560
5
359$6 00
509 5 75
759 5 15
8 859 4 15
Patent, winter
95
City shipping, extras. 5
Bye flour, superfine.. 4
903 4 50
4 15® 4 95
4 709 5 00
5 009 5 25
3
Com mealWestern, &o ........
Brandywine........
60» 6 45
309
3
3 60
4 00
OBAIH.
imeat—
o.
0.
•130
»123
•127
•125
Spring, per bush.. .1 10
Bed wbitor No. 2 ..1 22
1 05
Bed winter
1 15
White
Com, per
tjusk.—
West'n mixed
W'nmlx. N0.2
West'n yellow
81
83
82
Westemwhlte
81
•
•
•
•
85
84>t
85
84>s
93 • 98
Oats-Mlxed..V bo. 61>s» 64
White
63 • 70
95 0100
No. 2 mixed
62 • 63%
80 • 86
No. 2 white
84
93
64 • 66
80
86
9
Btate
The movement of breadsculfs to market is indicated in the
itatement below, prepared by us from the figures of the New
first give the receipts at
Fork Produce Exchange.
Western lake and river ports, arranged so as to present the
comparative movement for the week ending April IB, 1891,
anr since August 1. for each of the last three years:
Western, per tmsh..
State and Jersey ..
Barley, Western
Canadian.
We
atctipU at—
Flottr.
BUe.l96U>f
Wheat.
Oom.
BueVeOUM Buj)i.Beu»
Oate.
Sorley.
Btt.
BiMh.S2Ibii Bu<ft.4HU»
862,178
21,700
763.204
85,062
128.974
61.C47
31.101
37,396
604,030
198,800
8,778
8T,S89
45,186
aoo
180.185
184,000
3,600
130.345
99.467
297.962
894.420
70,303
83.775
62,323
143.336
17,000
Tot.wk.W.
182.4M
1,289.453
1,797,066
1.277,850
terns wk.'SO.
223,328
162.847
1,182.332
2,586,2S3
1.618,968
944,114
1,886,800
1.880,300
183,943
488,138
869,384
89,354.356 68.027,633 68.004.489
88,127,973 130,181,287 .08.673.628
70,303.073 87,860,M3 60.483.489
27,880,170
82.871,886
28.991.666
81.380
63.335
Dnlnth.
UlnneapoUs.
Toledo
Detroit..
.
Jleveland.
Jt.
.
..
Louis.....
PeorU
teme
wk.'de.
Nnce Aut.
740
2.523
12.846
28.314
1880-91
7,917,513
188H-H9.
83,000
Bu.9eu»
24.868
4.810
....
178
2,04a
4,028
6,500
10,8)0
1.100
80.980
•3,064
84,609
8.718,004
'4s
BOO
1.
1860-90
...
8,861.580
6.947.446
4,868,478
4,816.857
The exports from the several seaboard ports for the week
snding April 1^, 1891. are shown in the annexed statement:
Eiporti
frjtn-
Advices from Europe have fluctuated.
Cables were stronger on Monday, and the increase in the
quantity on passage was below expectations. The highest
prices of the week (f 1 26;g for May, |l 205^ for July, |1 IQ}4
for August and |1 15'}{ for Docemb<T) were made on Tuesday
morning. The decline which took place on that day and in
the course of Wednesday was due to free selling to realiz-?.
The partial recovery on Thursday took place after a weak
opening, under weaker cable advices, and was ascribed to
reports of large buying for export here and at the West.
The business for shipment included oi Wednesday about
180,000 bushels, mostly No. 2 Milwaukee for May and June
loading, on private terms, but included No. 2 red winter for
September loading at |l 13, f.o.b., and on Thursday 96,000
bushels of the same grade, for same delivery, at the same
iim
75%
76'«
72'«
72''»
August deUvery
Oats, following some advance early in the week, became
depressed, unsettled and irregular for mixed g^rades, while
choice grades of white continued to bring extreme prices.
To-day the market wa3 dull and values weakened at the
miwankee..
Fbidat, AprU 24, 1891.
The market for flour and meal was quite buoyant in tone
early in the week; that is, holders were inclined to withdraw
stocks for a good deal more money while buyers would tike
only to supply urgent needs. Some depression on Wednes-
116%
M
Oklcago
BREADSTUFF S.
121s
111
110>«
111<<
Rye-
r
Open
JH.
Thttrt.
122
112
110>«
111>«
115
113>« 114%
114>«
May '9.^, delivery
U41*
Indian com has been feverishly unsettled, showing no
little irregularity, and following less closely than for some
time past the fluctuations in wheat. There was on Tuesday
a conniderable revival of business for export, shippers taking
96,00(1 bushels, which on Wednesday ^ave strength to the
ly contracts, while the more distant
spot market and to
To-day spot corn was firmer, with a
deliveries declined.
moderate export, including No. 2 mixed at 83<334c. and No.
2 white 83}{@83i;. in elevator.
DAiLT oLoana rmioas of ho. s ioxbd oobii.
Sat.
Men, Tue$.
Wed.
thuri. JH.
DMiMHber delivery
464
I
Wed., Apr. 32.
prices.
668
afewTork
Boston...
Portland.
Whe€U.
Oom.
Btfk.
255.689
63.573
7,987
Buth.
92,669
16,612
50
UontreaL
PkUadel.
Flour.
BH*.
93.823
55.186
2,150
Tot. week.
481,244*
182,324*
238,430'
8'me time
1890...
474,809 3,592,100
262,300
H.News..
Slohm'd
Butk.
3,202
Butk.
Peat.
Butk.
8,806
56
2»',08i
•••••
46,202
26,761
». Orl'ns.
Ry.
37.S»6
48.863
78,000
47,095
40,000
Baltlm're
OaU.
...••
•-"
3,252'
310,369
|
33,439
37,887
70.686
grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
pjTte, April 18, 1891:
The visible supply of
M
'
THE CHRONICLE.
t564
Oau,
Com,
Inuh.
In ttore at—
Hew York
Do
306,111
213,673
Bnlfiao
Cailoago
5,892.6^9
1,377,333
255,953
104,30J
5,077,780
579,683
afloat
MUwaukee
Do afloat
Damth
Toledo
Detroit
m'lll
40,000
OawegoB^ L^s
Do
btu\.
335,114
661,405
10,0
afloat...
Albany
Do
buth.
644,509
afloat. ...
Cincinnati
Bo«t»n.
221,5 A2
5,000
21M9
Toronto
Montreal
Ikl'^Si
525,662
41,398
8,986
67,083
IS^-SSS
192,332
Fhlladelplila
Peoria
IndlanapoUs
Kansas City
Baltimore
Minneapolis
5,7.55,634
On Mississippi...
On Lakes........
On canal & river.
153,741
264,600
7,800
16,500
5,241
410,066
260,585
2ii8bo
88,172
420,324
295,072
171
227.814
27,717
50,000
218,705
2,715
13,845
15,400
2'id',956
7,000
77,235
"7,164
79,669
74,716
2,000
24,795
83,832
3,892
97,641
189,000
24,900
5,000
108,511
„_,„—
51,467
247,510
61,749
89,984
4,089
26,608
95,629
2,503
34,200
20,338
30,200
£ye,
buth.
3,533
manufacturers of both brown and bleached goods have to
contend against the effect prolucel on buyers by the low-
butli.
4,800
'18,566
15')',716
21,493
202,424
6,178
69,348
44,341
79,6(8
1,1.56
159,078
quotations for raw cotton, when from the poor character of
the present crop they are compelled to pay comparatively
high prices for such as must be used to turn out work up ta
standard. C!olored cottons were dull throup:hout, but generally unchanged. Southern plaids are among the weakest colover-abundant
ored goods, being with but few exceptions
supply. There are reports of a combination among N. Carolina
plaid manufacturers to s -cure uniformity in prices for their
product, but agents here hold them of little ascouQt.
Irregularity in prints continues. Disirable styles in fine
yarn goods are steady but others are more or less weak. The
demand for ginghams and wash fabrics has been quietly
steady and as hitherto these fabrics have ruled the steadiest
in the market. Print cloths were slow all week, with a downward tendency, closing at 2 15-16c. for 64x64b. This price
was touched only once before in the history of the trade, on
January 9th last, but after remaining thereat for four days
gradually recovered to 3 l-16c. by Febru\ry. For 56x60s 2}^
@8 916c. is quoted.
m
'3,'573
9,617
4,209
si ,'844
"897
110,000
19,548
1,800
30,030
35,006
9,308
60,658
85,772
3,478
2l',822
'l.TOS
88,200
Anr 18. '91. 22,186^106 2,238,837 2,508,477 417,858 SIMJ^
lir 11-91 22396900 2 333 3S7 2,593.614 456,058 1.040,063
Apr 19 -90 24 513 272 17 855:506 3,820,624 1,046,488 Oll-'.^O.
939,460
Tot
iSt
Tot
Tot
last
595,000
Total stock (pieces)
Domestic Woolen Goods
1890.
April 19.
369,000
30,000
1889.
April 20,
37,000
None.
15,000
None.
414,000
53,000
1
1,000
5,000-
—There has
been no change of
particular character in thij department during the week.
The demand at first hands was light on the spot, and disap-
week's stocks ; this week's not received.
THE DRY GOODS TRADE.
Nbw York,
189,000
None.
None.
Fall River maniLfaoturers
Providence speculators
Ontalde speculators (est)...
Apr. 20 '89. 26,989 678 14,91 1,963 6,769,297 1,464,850
8,188,223 3,373,095 3i4;410 1,090,166
Oswego
1891.
April 18.
Slock of Prin t OCotht—
H (Id by Providence manufacturers. 406,000
Tot. Apr. 21, '88. 32,633,418
*
[Vol. LIl.
pointingly backward so far as duplicatiag orders were concerned. Agents were making fair deliveries of men's-wear
woolens for fall trade, and generally quoted prices steady.
Cancellations, rejections and claims for allowances were
again prominent, and late buyers are evidently seizing
upon very trivial excuses for getting out of their engagements. Overcoatings, cloakings, stockinets aad Jersey cloths
were taken in small parcels by the clothing trade, and business in lov-grade golds, such as doeskins, Kentucky j -ans
and satinets, was confined to best makes only. The demand
for flannels was slow, as usual at this time of the year, and.
blankets, outside of some specialties, were in but hand-tomouth request. Soft wool and worsted dress goods met with
a fair amount of attention, and while not in brisk demand a
steady business was done on account o' current requirements
Friday P. M., April 24, 1891.
During the week under review the market at first hands has
ruled dull, in spite of weather conditions being all that could
be desired, and jobbers in the way of regular store trade have
been only slightly busier than they were last week. It was
not expected that fine weather would bring an immediate
rush of business to others than retailers, but there is no concealing the fact that both jobbers and agents are disappointed
at seeing such small results from the late unbroken succession
of fine days. Reports and orders from the West have, it is
true, been rather better, but spot selections by package buyers have not risen above retail dimensions, and the weak spot
in the situation—the absence of Southern buying— is as pronounced as ever. Some indications of how this prolonged and for fall delivery.
inactivity is affecting the market is shown by price revisions
FoiiEiQN Dry Goods. Until the closing days of the week,
during the week noted below, being in a downward direction,
when the Hebrew holidays interfered, a fairly good business
and the fact that prints (.56x60 goods) have been " jobbed " at was done, in which staple lines of dress goods and novelties
S14 cents per yard the lowest price ever recorded for that
figured prominently. Importers generally rega-d the marstyle of print. Print cloths have also got back to the previously
ket for foreign goods as in fair shape, not unduly encumbered
recorded lowest price— 2 15-16c. for 64-64s. There are certain
and ostensibly hold for previous prices; bit
makes in every branch of textile manufactures that, from one with stocks,
hive
reported it easy work to do business in more than
buyers
by
adverse
influences
cause or another, are not readily affected
one direction, a not unnatural result of the market for
of a general character. Suchmakesare undoubtedly steady just
domestic goods in its present state.
the
market
for
cotton
productions
them
now, but outside of
Importations of Drr Goods.
It is a relie f to look away
is in a far from satisfactory state.
from prevailing conditions to future prospects. These are
unmistakably good. Reliable advices tell of an unusually
g22??i
H"4 Z P
light stock of fall goods being carried over by retai lers and
jobbers. Crop accounts continue satisfactory, and whether
Si
the yield of winter wheat comes up to expectations or not,
3
ii; it
there is reasonable surety of the farmers getting such high
a
2
e.
Si
§:
prices for their grain as they have lonj; been strangers to.
o
The demand for textiles of all descripti )ns will be increased
T
by this, and it is more than probable thit when the year's
accounts are made up the trade in tie aggregate will show
CD O CC Ur '£
OtOtOlOit^
an appreciable increase on previous years.
H*a WODO
Hh-OOi^
—
—
'
•:;"
,
HO
tCOP
0OHBSTIO CX>TT0N GOODS.— The exports of cotton goods
from this port for the week ending April 31 were 3,464
Nbw York to Apbil 21.
37
16
575
1,182
44,158
4,252
3,257
1,633
4,415
India
Arabia
Africa
West Indies
Mexico
206
1,063
353
116
Gentral America........,..,,
61
South America
Other countries,........,,...
385
51
•
Total
China, via Vanconver
Total
1,552
3,464
3,464
1.
Week. Since Jan.
72
17
1,070
300
2,412
2,406
9,330
327
76
156
757
612
35
73,167
12,855
5,222
927
86,022
From New Bnxland mill points direct.
The value of the New York exports
5,222
too
OStOp-iP-CO
t-'MO'COtO
cciyi
CO
M
MXW
^1
ccw
COD
O o« OS
too
OX)
CO
(^
lyice
-l^lCDri^QD
a*
0D_;-pO0rf>>«Bl£.
00%' CO'^'-'
oh;dcoco
c;<
It*-
to to qs
05
01^ 01
1.
0)0^0)
cptoao w
MCOOOV©
Olf.
lOOSODOt^
Mta
-
764
1,853
10,731
1,039
39,594
11,058
50,652
*
since January 1 have
been 13,836,488 in 1891, against 12,315,315 in 1890.
The demand for staple cotton goods has been irregular.
Brown sheetings and drills moved (|uietly both on home and
erport account, but some good-sized transactions were re^ corded in bleached goods on price concessions. Cabot 4-4
bleached sheetings, a standard make, were reduced J^c. per
«» yard, and Grinnell sheetings, a specialty, marked a reduction
of as much as 1 fc per yard on grades va'ued at 40c. per yard
and higher. Other makes were not changed, but buyers in
most cases were able to do business on favorable terms. The
toco
OtO
"-•oscDtc to
OSMHOtrf*-
uootocoto
^^toosoa
000
C£0'--'^A
Mlf^OStCO
CO to to CO to
W^jpi-H'COjJ
OiOi
tgcnxH'to
"^
I(^b0
CO
o O CO :0
ift-
ODC;»
MO
\-^
U>_tO_h-p3S
COrf>-CD»rf»'
MM
538
8,9*6
1,276
2,733
3,859
6,445
If"
-J I-"
1890.
Week. Since Jan.
Great Britain...
Other European.............
China
•
cnCO
packages, valued at $173,616, their destination being to the
points specified in the table below:
1891.
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