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HUNT’S
r e p r e s e n t in g
the
MERCHANTS’
A N D COMM E R C IA L i n t e r e s t s
in d u s t r ia l
VOL 41
new
Financial.
D I A M O N D S .
IM PORTERS,
Incorporated under Ltwi of Stnto of Now York, 18(8»
Reorganized 1879«
E ngravers
an d
P rinters
of
182 Broadway, Cor. John Street.
BO N D S. POSTAGE & REVENUE S T A M P S ,
LECAL TENDER A N D N A TIO N AL BANK
NOTES o f th e UNITED S T A T E S ; an d fo r
F oreig n G o v e rn m e n ts.
ENGRAVING AND PRINTING,
BANK NOTES, SHAKE CERTIFICATES, BONDS
FOK GOVERNMENTS AND CORPORATIONS,
DRAFTS, CHECKS, BILLS OF EXCHANGE,
STAMPS, Ac., In the finest and most artistic style
FROM STEEL PLATES,
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
use of the Company*
SAFETY COLORS.
S O L ID
GORHAM
S IL V E R .
M ’t’g
C o .,
Broadway and Nineteenth Street,
SA FE T Y P A P E R S .
AND 9 MAIDEN LANE.
Work Executed In Fireproof Buildings.
LITHOGRAPHIC AND TYPE PRINTING.
BAIL W A T TICKETS OF IMPROVED STYLES.
Show Cards, Labels, Calendars.
BLANK BOOKS O F EVERY DESCRIPTION
JAMES MACDONOUGH, President
A. D. SHEPARD,
1
W. M. SMILLIE,
> Vice-Presidents.
TOURO ROBERTSON, J
TH EO . H. F R E ELAND, Sec’y and Treat.
Maverick National Bank
B O ST O N ,
C A P IT A L ,
SU R PLU S,
.
.
.
MASS.
.
.
.
.
.
$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0
Floyd-Jones & Robison,
B A N K E R S AND B R O K E R S ,
N o . 2 E x c h a n g e C o u r t, N e w Y o r k .
Stocks, Bonds and U. S. Government Securities
Bought and Sold on Commission.
Wm. C. Floyd -Jonbs,
W illiam R obison
Members New York Stock Exchange.
J. A . Kohn & C o .,
Accounts of Banks, Bankers and Corporations
J BA N K E R S AND B R O K E R S .
solicited.
(Mills B uilding ), 19 B R O A D S T ., N . Y .
Onr facilities for COLLECTIONS are excellent
Members of the New York Stock Exchange.
and we re-discount for banks when balances war
Execute orders on commission for B on d s, S tock s
rant It.
and F o re ig n E xchange.
Boston is a reserve city, and balances with ns from D e a le rs in first-class Investm ent S ecu rities,
banks (not located in other reserve cities) count as a
Particular attention given to investments for Cap
italists, Trust Funds and Institutions.
reserve.
We draw onr own exchange on London and the
Continent, and make Cable transfers and plaoe
money by telegraph throughout the United States
and Canada.
48 W A L L S T R E E T ,
Government Bonds bought and sold, and exchanges
(Bank of New York Building).
In Washington made for banks without extra charge.
We have a market for prime first-class Investment
Bonds and Stocks bought and sold at the New
Securities, and invite proposals from States, Coun York Stock Exchange.
ties and Cities, when issuing bonds.
BONDS AND INVESTMENT SECURITIES FOB
We do a general banking business, and invite cor
SALE
respondence.
W illia m T . M eredith,
A S A P . P O T T E R , P re s id e n t.
JO S. W , W O R K , C a sh ier.
Alexander Campbell & Co.,
BANKERS AND BROKERS,
W . P. W ig h t & C o .,
12 B r o a d w a y ,
STOCK B R O K E R S.
Stocks, Bonds and Miscellaneous Securities bought
and sold for cash or on margin.
u W,f ■„'l,G£, ! TV ™
J.B . CREIGHTON.
Memb. N.T. Stock Exch.
A. B. Claflin , Spec!
STOCK B R O K E R .
Lansdale Boardman,
N E W Y O R K , 60 BROADW AY & 5 NEW ST.
T R O Y , N .Y ., No. 17 FIRST STREET.
8tock Exch. membership; private wire; all facilities.
u n it e d
states
NO. 1,137.
F. E . Trow bridge,
Alfred H . Smith & C o .,
Bnilneis Founded 1T95*
the
îft t t a u jc ia l.
PLACE,
NEW YORK.
of
YORK, A PB IL 9, 1887.
f i n a n c i a l .
A M E R IC A N
Bank Note Company;
7 8 TO 86 T R I N I T Y
MAGAZINE,
17 N ASSAU S T R E E T , N E W
YORK.
BANKER AND BROKER,
N oe. 3 & 5 B r o a d o r 2 9 W a l l S treets.
(Branch Office, 890 Br o a d w a y .)
Member of the New York Stock Exchange. Di
rector of Merchants’ Exchange National Bank,
American Savings Bank, American Safe Deposit
Company. &c., Ac.
Securities bought and sold on commission, for
cash or on margin. AU Inquiries gratuitously res
ponded to. Correspondence soildte .
James T. Closson .
John b . Dumont
H uman Cl a r e , Special Partner,
Closson & D u m on t,
BANKERS AND BROKERS,
N o . 4 0 W a l l S treet, N e w Y o r k .
All stocks and securities dealt In at the New York
Stook Exchange bought and sold on commission, for
cash or on margin. Deposits received and Interest
allowed on balances.______
Cahoone & W escott,
1 8 W a l l S treet, N e w Y o r k ,
Execute Orders In all Securities Listed on
NEW YORK STOCK EXCHANGE.
Special Attention given to
(Government & other Investment Bonds
Correspondence Solicited
C . J. Turner,
(10 Fears’ Membership in theN.Y. Stook Exchange.)
B A N K E R AND B R O K E R ,
16 A 18 BROAD ST., NEW Y O R K .
Transacts a general Banking business, Including the
purohase and sale of stooks and bonds for cash or on
margin.
Frederick W .
Perry,
(Successor to J. H. LATHAM & Co.)
UNITED BANK BUILDING,
N o. 2 W A L L S T R E E T , N E W Y O R K .
City, County, Ftate, Railroad, District of Colum
bia Bonds and Foreign ExoUange.
James D .
Simons,
(Formerly SIMONS A CHEW)
B A N K E R & BROKER,
2 E x ch an ge C ou rt A 3 2 B r o a d w a y , N. Y .
All Securities dealt in at N. Y. Slo'k Exchange
bought and sold for Cash or on Margin Special ai tention given investments. Correspondence solicited.
Member N. Y. stock Excua-uge.
Member N. Y. Produce Exchange.
Malcolm Campbell . Member of N. Y. Stock Exch.
H ira m Dewing . Cla r k Dewing . F .T .B ontbcou
(Member of N. Y. Stock Exch.)
Rolston & Bass,
N o.
20 BROAD STREET, NEW YORK.
STOCKS, BONDS,
A N D M IS C E L L A N E O U S S E C U R I T I E S
Correspondence solicited.
Quotations cheerfully furnished.
W m . h . R olston,
W. A le x . Bass , Jr.
Member N. Y. Stock Exch’ge.
H . D ew ing & Son,
B A N K E R S AND B R O K E R S ,
N o . 1 8 W a l l S tree t, N e w Y o r k .
Stocks and Bonds Bought and Sold on Commission
Particular attention given to information regard
ing investment securities.
Iowa Loan A Trust Co. 6 per cent Debenture*
bought and sold.
THE CHRONICLE.
il
[V o l .
XUV.
atili tvs and gratutvs jof Jforjeiflu J^xctcaagt.
Drexel, Morgan & C o ., Kidder, Peabody & C o .,
WALL STREET, CORKER OF BROAD.
NEW YORK.
Drexel,Harjes & Co
Drexel & Co.,
Oor. o f DttaA Chestnut Sts. 31 Boulevard Haussmann,
P A R IS .
F H IL A D E L P H I A
D O M E B llO A N D FOREION BANKERS.
Deposits received subject to Draft. Securities
b night and sold on commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers.
Circular Letters for Travelers,
available In all parts o f the world.
A t t o r n e y s a n d a g e n t s or
M e u r a . J . 8 . M O R G A N Sc C O ..
No. 22 OLD BROAD STREET, LONDON.
Brown
Brothers & C o .,
Philadelphia,
New Y ork ,
Boston,
AND
FOREIGN BANKERS,
1 Nassau Street, New York,
118 Devonshire Street, Boston. 3 1 0
N ASSAU
STREET.
BILLS OF EXCHANGE ON
S M IT H ,
P A Y N E Sc S M I T H ’ S ,
BANKERS, LONDON,
M A N C H E S T E R Sc C O U N T Y B A N K ,
“ LIMITED,”
MANCHESTER, PAYABLE IN LONDON;
U L8TER
B A N K IN G C O M P A N Y ,
BELFAST, IRELAND;
AND ON THE
N A T IO N A L B A N K O F SC O TLA N D ,
EDINBURGH AND BRANCHES;
ALSO,
CABLE TRANSFERS AND LETTERS OF CREDIT.
J ohn M unroe & C o .,
N o . 3 2 N a ssa u S treet, N e w Y o r k .
o f Philadelphia.
CHESTNUT
STREET.
August Belm ont & C o .,
J , & W . Seligman & C o.
33
CO.
C ap ita l, 6 2 ,0 0 0 ,0 0 0
F a ll paid.
Buys and sells Bills of Exchange, drawing on
ATTORNEYS AND AGENTS OF
Baring Bros, ft Co., London, also on Paris and
Berlin.
Messrs. BARING BROS. & CO., London Acts as Financial Agent In the negotiating and
marketing of Securities. Deals In Bonds—Corpora
tion, Railroad, State, Municipal, ftc. Executes orders
C O M M E R C IA L C R E D IT S .
on commission In Bonds, Stocks, ftc. Collects Interest
and dividends. Receives money on deposit, allow
C ir c u la r C red its fo r T r a v e le r s .
ing interest. As desirable investments oner, will
issue its Debenture Bonds, secured by Its capital and
assets.
------Ga b l e T r a n s f e r s a n d B il l s o f E x c h a n g e on
Officers *
WILLIAM BROCKIE, President.
G r e a t B r it a in a n d t h e Co n t in e n t .
WHARTON BARKER, Vice-President.
HENRY M. HOYT, JR., Treasurer.
ETHELBERT WATT8, Secretary.
Board o f Directors—William Brockie, George 8.
Pepper, Morton McMlchael, Wharton Barker, Henry
RANKERS,
C. Gibson, T. Wistar Brown, William Potter.
N o . 1 2 P in e Street,
Advisory Committee of Stockholders.—George M.
ISSUE TRAVELERS’ CREDITS, available In all Troutman, Gustavus English, Isaac H. Clothier,
William Pepper, M. D., Thomas Dolan, John G
parte of the World, through
Reading, Joseph E. Gillingham, John Wanamaker,
Dleeere. N. RI. Rothschild f t Sons, London. Henry
E. Smith. Charles B. Wright, Henry Lewis,
“
de Rothschild Bros., Paris.
Llpplncott,Hamilton Disston, Clayton French,
“
M. A . de Rothschild Ac Sons, Frank- Cratge
Francis
Rawle.
tort o\m.
S. OK do Rothschild, Esq., Vienna.
THE NEW YORK
AND THEIR CORRESPONDENTS.
Draw Bille of Exchange on, and make Cable Tranttere to, England, France and Germany.___________
A L E X A N D E R R R O W N Sc 8 0 N S ,
BALTIMORE.
Members o f New York, Philadelphia and Baltimore
Stock Exchanges.
Execute orders for all investment securities. Buy
and sell Bills o f Exchange on Great Britain and
Ireland, France, Germany, Belgium, Holland,
Switzerland, Norway, Denmark, Sweden,
Australia, St. Thomas, St. Croix and
British West Indies.
Inane C o m m e rc ia l Sc T ra ve lers* C red its
IN STERLING,
BAN KERS,
Available In any part of the world, ln Francs for
N o. 23 R R O A D S T R E E T ,
use In Martinique and Guadeloupe, and in dollars for
use In this oountry, Canada, Mexico and West indies.
New Y o r k .
Make telegraphic transfers of money between this
country, Europe and British and Danish West In Issue Letters of Credit for Travelers
dies. Make collections of drafts drawn abroad on all
On SELIGMAN BROTHERS, London.
points in the United States and Canada, and of
SELIGMAN FRERES ft CIE, Parie.
drafts drawn In the United States on foreign coun
SELIGMAN & 8TKTTHE1MER, Frankfurt.
tries.
AL8BERG.
GOLDBERG ft CO., Amsterdam.
Their London house, Messrs, BROWN, SHIPLEY
ALTMAN ft 8TETTHEIMER, Berlin,
ft CO., receive accounts o f American banks, firms
Payable in any part of Europe, Asia, Africa, Aus
and individuals upon favorable terms.
tralia anil America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
J. & J. Stuart & C o .,
THE
IN VESTM EN T
J. K e n n e d y T od .
H. O. No rth cote .
A l e x a n d e r B a r in g .
Member N. Y. Stock Exch’ge
J. Kennedy T o d & C o .,
Produce Exchange Bank.
C A P I T A L , 8 1 ,0 0 0 ,0 0 0 .
Transacts a general banking business.
Receives accounts of banks, bankers and corpora
tions upon favorable terms.
Issues certificates o f deposit bearing interest.
Makes loans upon approved merchandise.
Solicits mercantile and personal accounts.
B i l l s o f E x c h a n g e D r a w n o n t l ie City
B a n k , L im it e d , L o n d o n .
C ir cu la r L e tte rs o f C redit issu ed fo r
t r a v e le r s ’ u se and C om m ercia l C redits
opened in E urope, A s i a , S outh A m erica
and the W est In d ies.
Heidelbach,
Ickelheimer & Co.,
29 W IL L IA M S T R E E T ,
W ILLIAM STREET,
Cor. Exchange Place,
NEW YORK.
BAN K ERS.
Aot as Agents for Banks, Bankers and Railroad
FOREIGN BAN K ERS.
Companies.
Issue commercial credits, also foreign and domestlo
BUY AND DRAW BILLS OF EXCHANGE,
travelers’ letters of credit In pounds sterling & dollars.
MAKE CABLE TRANSFERS, ISSUE TRAVEL
O ffer I n v e s tm e n t S ecu rities.
Bny and sell bonds, stocks and securities In all Am ERS’ CREDITS.
ISSUE COMMERCIAL CREDITS, AYAILABLB
erican, Canadian, British and Dutch markets on com
mission. Collect dividends, ooupons and foreign and IN ALL PARTS OF THE WORLD, ON
inland Drafts.
Sell Bills of Exchange on
Messrs. C. J. Hambro & Son. London.
No. 63
L ondon.
M AR C U AR D , K R A U S S f t C O .,l p i i > la
H O T T IN G HER. Ac CO.,__________ j f A M S l
John
Paton &
C o .,
H a n k e r s
a n d
« t o lije r s .
J. C . W a lco tt & C o .,
N o . 4 P o s t Office S q u a re , B o s t o n .
SUCCESSORS TO
BANKERS AND BROKERS,
issue Circular Letters of Credit for Travelers’ Use
JES17P, P A T O N & CO .,
Abroad against Cash or Satisfactory
N o . 2 4 P in e S treet, N e w Y o r k .
Guaranty o f Re-payment.
5 2 W i l l i a m S treet, N e w Y o r k .
Transact a General Banking Business.
E x c h a n g e o n L o n d o n , P a r is , B e r lin
Accounts and Agency of Banks, Corporations,
a n d Z u r lc k .
firms and Individuals received upon favorable terms. Stocka and Bonds bought and sold on Commission.
Dividends and interest collected and remitted.
Orders received in Mining Stocks, and In Unlisted
Cr e d it s Ope n e d a n d p a y m e n t s m a d e b y c a b l e .
Act as agents for corporations in paying coupons
Securities. Collections made and loans negotiated.
and dividends; also as transfer agents.
P a r is H o u s e —M U N R O E Sc CO.
Bonds, stocks and securities bought and sold on
Dividends and interest collected.
commission, at the Stock Exchange or elsewhere.
Deposits received subject to Draft.
Sterling Exchange and Cable Transfers bought and
Interest allowed. Investment securities a specialty.
sold.
DRAW ON
W e issue a Financial Report weekly.
BAN KERS,
THE UNION BANK OF LONDON,
Jos. C. W a l c o t t ,
1 Members o f the New York
2 9 W IL L IA M S T R E E T , N E W Y O R K
F
r a n k F. D ic k in s o n , i _____ stock Exchange.
BRITISH
LINEN
CO.
BANK,
LONDON
AND
CORRESPONDENTS OF THE
__________________SCOTLAND._________________
I n t e r n a t io n a l B a n k o f L o n d o n
( L i m it e d ), L o n d o n .
G eo . Co p p e l l .
T h o s . M a it l a n d .
G e r a l d L. H o y t , Member.N. Y. Stock Exch.
M e s s r s . J o h n K e re n b e rg , G o s s le r Sc C o ,
1 6 ft 1 8 B R O A D S T .,
H am bu rg.
BROKER IN ALL KINDS OF INVESTMENT
M e s s r s . M a r c n a r d , K r a n s s Sc C o ., P a r is
Commercial and Travelers’ Credits.
BONDS, MISCELLANEOUS SECURITIES
B A N K E R S
Bills of Exchange.
Cable Transfers.
AND DEFAULTED BONDS.
AND
CORRESPONDENCE SOLICITED_______
Schulz & Ruckgaber,
Albert
Pearce,
M aitland, Phelps & C o .,
U nger, Smithers & C o .,
B A N K E R S AND B R O K E R S,
Members of the New York Stock Exchange.
D e a l e r s in f o r e ig n Ex c h a n g e , Go ver n m en t
AND OTHER INVESTMENT BONDS.
COMMISSION
22
Sc 2 4
MERCHANTS,
E x c h a n g e P la c e ,
Ne w Y o r k .
L . C. l a t h r o p . Osc a r b . Sm it h ,
j . H.O l ip h a n t .
Latlirop, Smith & Oliphant,
BANKERS a n d b r o k e r s .
BILLS OF EXCHANGE, LETTERS OF CREDIT,
STERLING LOANS A SPECIALTY.
4 4 W a l l S t. a n d « 2 G reen e S t. N . Y .
TELEGRAPHIC TRANSFERS OF MONEY ON 3 7 B R O A D S T ., NEW Y O R K ,
Buy and sell on commission, for investment or on
6 P A C IF IC A V E ., C H IC A G O .
LONDON, PARIS, MEXICO. CUBA, ftc., ftc.
margin, all securities dealt In at the New York Stock
B*<’” ang9.
Members New York Stock Exchange, New York
I lO U N T Z E B R O T H E R S ,
Cotton Exchange, and Board of Trade Chicago.
BANKERS,
Gunadiun B u n k o f C o m m erce.
120 B r o a d w a y , Equitable Building,New York
c a p i t a l , $ts,ooo,ooo.
s u r p l u s , |i,eoo,ooo.
L E T T E R S OP C R E D IT AND
J. H. GOAHBY & ALEX. LAIIiD,
C IR C U L A R NO TES
AGENTS,
Issued for the use of travelers in all parts of the
tewart
rown s
ons
1 6 E X C H A N G E P L A C E , N E W Y O R K world. Bills drawn on the Union Bank of London.
transfers made to London and to various
BUY AND SELL STERLING EXCHANGE. CABLE Telegraphic
places
in
the
United
States.
Deposits
received
sub
TRANSFERS. ETC.
STOCK B R O K E R S ,
ject to check at sight, and Interest allowed on bal
ISSUES COMMERCIAL CREDITS, AVAILABLE ances. Government and other bonds and luveatmem
6 4 B r o a d w a y 4c 1 9 .N e w S t ., N e w Y o r k .
IN ALL PARTS OF THE WORLD.
securities bought and sold oa om missionJ
S
B
’
S
,
THE CHK0 N 1CLE,
A p r il 9, !•<&?.’
ffl
% n n h tts atxd jjfrixlw xs in U^eur WioxU © i t g .
H.
L.
H orton
&
C o .,
3 4 and 3 6 B R O A D W A Y , N ew Y o rk .
BA RTHOLOMEW HOUSE, ) LONDON
BARTHOLOMEW LANE, 5
Taintor & H o lt,
F. M. Lockwood ,
BANKERS,
Lockw ood
N o . 11 W a l l S t., C o r. N e w , N e w Y o r k .
MB
1 J. H eron Grosman
& Crosman,
.b r o k e r s , ^
Special A tten tion G iven to A m e rica n
TRANSACT a GENERAL BANKING business.
S ecu rities,
N
o
.
31
N
e
w
Street
a
n
d
N o. 1 E xchange
DEPOSITS received and INTEREST allowed on
Solicit Accounts and Orders for the Purchase and balances.
C o u r t, N e w Y o r k .!
gale of Bonds, Shares, Ac., Ac., on Commission, in
Buy and sell GOVERNMENT, MUNICIPAL and
New York, Boston, Chicago, London or Paris,
RAILROAD Securities.
Private telegraph wires to Chicago, Boston, PhilsInterest allowed on deposits subject to drafts at
Private telegraph wires to Providence and Boston deJphia and Baltimore*
sight.
GILES B. TAINTOR.
GEO. H. HOLT
Members o f the New York and Boston Stock Ex
G. D. L’HUILIER.
We solicit orders for the purchase or sale of any o f
changes and o f the New York and Chicago Produce
the securities o f the
Exchanges.
Private wires to Chtcago, St. Paul, Boston, Hart
P h ila d e lp h ia 4c R e a d in g R R . C o .’
ford, Buffalo and Utica.
BANKERS,
on the Philadelphia or New York Stock Exchanges.
N o. 62 C E D A R S T R E E T ,
b a n k e r s
an d
G ilm an, Son & C o .,
H . B. Hollins & C o .,
BANKERS,
18 W A L L , a n d 3 N A S S A U S T R E E T S
NEW YO R K .
T ra n sa ct a G en era l B a n k in g B u sin ess
DEALERS IN GOVERNMENT, MUNICIPAL AND
RAILROAD SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED
INTEREST ALLOWED ON DAILY BALANCES
E. L. Oppenheim & C o
In addition to a General Banking Business, Bny
and Sell Government Bonds and Investment Securi
ties.
Dickinson & A ilin g ,
F IR S T -C L A S S IN V E S T M E N T S .
BAN K ER S
AND
BROK ER S
N o . 3 0 P in e Street, N e w Y o r k .
w§2t-.?2.»Tme^
N. V. Stock Exchange, for INyj^STMENT or on MARGIN, all classes of Stocks
i’
allow interest on deposits, subject ‘
check at sight.
Buy and sell on Commission, for cash or „ „ » i n
S e c u r it ie s dealt ln at the NewYork StookTta-*
John H . Davis & C o.
BANKERS AND BROKERS,
Branch O rner, 91 Leonard Street .
N o . 1 0 W A L L S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all
Exchanges.
Especial attention given to supplying high-class
IN V E S T M E N T S E C U R IT IE S .
Walter Del Mar
B. M. Roberts.
Pa u l Schwarz .
Roberts
&
F .c. H o l l in s .
b.h
. E m erson ,
LH -W ac kjon ik
BANKERS AND
BROKERS,
Members N. Y. stock Exchange.
11 W A L L
STREET, NEW Y O R K ,
AND
? * g - C L A K K S T R E E T . (IH i m n n , I M j
JAMES WHITELYH. CjSFqeR OAKLKy T
_
Ma y n a r d c . E yre .
’
Dor)GK* Washington, D. 0.
VVm . R. TRAvkRj, Special Partner.
Schwarz,
(N U L L S B U I L D I N G ,)
IN V E S T M E N T S E C U R IT IE S .
Prince & W h itely ,
We make a specialty of the buying, selling and
placing o f first mortgage bonds o f railroads, water
works, gas works and other first-class corporations
We solicit correspondence.
No. 64 B R O A D W A Y , N E W Y O R K .
Branch Offices: ! 1§9 fltfth Av.. New York.
! 53915th St., Washington, D.O.
Buy and soil on commission all cIam m nt Raiiw>n/i
Securities; also Grain andProvisions
0f Railroad
♦nnrlVnaei»tieleKraph„V ,rf 8 to Philadelphia, Wllmtng.
ton, Baltimore, Washington, BrldgeDort Na*
Haven, Boston and Pittsburg, " “ «teporc. New
Fred.
H.
Smith,
BANKER & BROKER,
N o . 3 0 B R O A D S T ., N E W Y O R K .
♦iZw5?t7-70ar?’ experience In Railroad Bonds. Par
S S - l i r 11* k? kuy or sell Uncurrent Bonds wi*
please communicate.
W1*
nlM,t£°58 i ? n4ht ln Fractional Lots or otherwise
either for Cash or on Margin.
"
s».’ w
«2™®’ ?
Consolidated Stock and
w . Sm ith . C Petroleum wi-rohanga. New York.
M
Co.
B A N K E R S ,
N o .
18
W A L L
S T R E E T ,
New Y o r k .
Transact a General Banking Business, including
the purchase___
and sale of STOCKS and BONDS for
eash or on margin
B u y a n d S ell I n v e s tm e n t S ec u rities
A. M. kiddkk . W atl a n d Tr a s k . H. j . Mo r s i .
W. C. Hil l .
BANKERS AND BROKERS,
N o . 6 W a ll S tre e t, N e w Y o r k .
411(1 80id o n Commission
Special attention given to Unlisted
Deposits received s u b le t to C t e at Ä
I _____________Correspondence 8olldted.
Knt'
*
Chrystie & Janney,
BANKERS,
No*. 3 3 4c 3 5 N a s s a u S t ., N e w Y o r k
.W w J b e i f c m
&
d S M u iiÄ S “ “1
s“ ,a' c »“ ‘ r « « M»m-
ts»™
W i“ T"
“ i S S S v p. b
ä
A- B* » ™ -
C o»*
9M <
bankers and brokers,
N o. 24
R R O A D
S T R E E T ,
N ew Y o rk .
MILLS BUILDING (8d Floor,)
Booms 25 * 20.
35 W A L L S T R E E T .
STATE AND CITY BONDS OF GEORGIA AT Hn
SECURITIES OF THE CENTRAL HR i r a h f
ING CO. OF GEORGIA, A SPECIALTY BANK*
a. 2 I l alon ,? 8hIing to buy or sell are Invited to call
to aHorders.**" Prompt and P«wonal attention given
Douglas & Jones,
BANKERS,
b a n k
b u i l d i n g ,
W a l l S tree t, co rn e r B r o a d w a y .
STOCKS, BONDS A COMMERCIAL P A P E R
Stocka and Bonds bought and sold on commission
New York Stock Exchange. Advances made on
“ " « « riurta» unti nt- h « r o u a n ritlu .
W m. V. Carolin ,
Ch arles f r n .
Member N.Y. Stock Exchange.
A
C ox
C a r o lin &
C o x ,
B a n k e rs and Com m ission S to c k B r o k e rs ,
ban kers.
No. 55 BROADWAY,
Ir^tviduals received Branch Office, 315 Madison Av.,cor. 42d St..NewYork
D-posits received subject to check at sight, and In
[ Commission.
ma* öecuritA©ö Bought and Sold on
terest allowed nn daily balances. All stocks and securW m dealt In at the N Y. Stocs Exchange b S u g h S
N o. 20 NASSAU S T R E E T .
on commission, for cash or upon margin*
______
YORK.
Goadby & C o.
AND
W o o d , Huestis & C o .,
W aiston H . Brown & Bros
|W. H .
b r o k e r
,
5 8 B r o a d w a y , c o r. E xchange P la c e , N. Y,
B ranch OIBce, 2 4 1 L a S a lle S t., C h icago.
A GENERAL b a n k i n g b u s in e s s ,
31 PINE STREET, NEW YORK,
INCLUDING THE PURCHASE AND SALE OF1
BANKERS
AND
BROKERS.
STOCKS AND BONDS FOR CASH OR ON MAR
GIN. BUY AND SELL INVESTMENT SECURI
SUCCESSORS TO
TIES. INTERE8T ALLOWED ON DEPOSITS
SUBJECT TO CHECK AT SIGHT.
W O O D & D A V IS .
„ .
P. 0. Box 447.
D. A. BOODT.
C. W. McLk LLAH.
Y ? * k ^ V E x c t t e ! % “ Cf f l 8
«"N ew
____________R e u ben L e l a n d .
ge" owr^
cS^
bonds .
b a n k e r s
n i t e d
I
A . Dutenhofer,
Dealer in Miscellaneous Securities«
iBoodtf*
Ä N . ^ K Ä h a ^ e ™ ° ‘ WASHBTO»
JNO. P . T ow n sen d , Special Partner.
Townsend & Washburn.
I
»nneJ f8t ¡¡Mowed on dally balances,
piliitE?a ts AuWect to check at sight.
Particular attention to orders by mall or telegram.
Frank C . H ollins & C o .,
61 & 53 New Street and 42 Broadway,
Edward L. Oppenheim.
K . Sistare’s Sons,
" • l Ä t t T s w c k t a i « S T “ " p - A™ ° -
[ESTABLISHED 1802],
BANKERS AND BROKERS,
G eo
, „ 1, 8 * 1 8 B r o a d S tree t, N e w Y o r k .
1 2 1 S o u th T h ir d S tree t, P h ila d e lp h ia *
Connected by Private Wire with mala office. New
York.
DEALERS IN
Simon Borg & G o .,
N o . 1 7 N A S S A U S T ., N E W Y O R K ,
d e a l e r s in a l l k in d s
or
Railroad and Investment Securities.
Southern Securities a Spe c ia lt y .
7 2 B roadw ay.
* 4 3 N ew S treet.
(Members of the N. Y. Stock Exchange.)
Buy and sell Stocks and Bonds for cash or on maraoiicit
^
deposits. Correspondence
JOHN F. DOUGLAS,
Of the late firm of Iiawson, Douglas £ Co.
T . _ ___ _ _ WILLARD H. ¿ 6 n e S*
* %
J° m
Late o f W.8.La»raon & Co.. Member N* Y Stock Ezch«
J. L . Robertson,
BOND AN D ST O C K B R O K E R ,
Dealer in Investment Securities,
No. 7 NASSAU STREET,
(Continental National Bank Building,)
_________
N ew
Y ork .
R . J. K im ball & C o .,
[Established in 1805.]
BANKERS A N D BROKERS,
1 6 4c 18 B r o a d S treet, N e w Y o r k ,
Members of the New York Stock Exchange and o f
the Philadelphia Stock Exchange.
R obert J. Kim ball .
A lfred d . L ounsberbt
[VOL. X U V .
THE CHRONICLE.
It
J&atxks, ft&uhzvs atttl 'fivohzts ®ut of gÿ*w
SOUTHERN.
B A L T im O R E .
B A N K S.
A.
W ilso n , Colston & C o .,
Bank o f Buffalo,
BANKERS AND BROKERS,
(Members o f Baltimore Stock Exchange),
B A L T IM O R E .
(INVESTMENT and SOUTHERN SECURITIES a
BUFFALO, N. Y .
I. S. JBWKTi Pres. WM. C. COBSTRLl, OftSh f.
C a p ita l....« 3 0 0 ,0 0 0 I Hnrplus .... « ¿ 5 0 ,0 0 0
This Bank has superior facilities for mahbiF Col
lections in and out of the city o n th em ostljb era l ^Correspondence solicited and information furterms, and with oarefnl attention to the best inter
ests o f Its correspondents.
. fTr.rtPTR’ NafJoitrtKSPONDjENTS:—Ini porters* A Traflers i^a nIf!r) y . Correspondents—MoKlm Brothers A Co.
ttonal Bank and Chemical National Bank. New York;
Merchants' Loan A Trust Co.. Chicago, Union Bank
i f London, London.
BANKERS,
Texas N ational Bank,
No.
W . T. B l a c k w e l l , Pres*t.
N . C .,
President.
B .P . niL L ,
Vlce-Pres’t.
p lo r t g a Q c s .
M ortgage Company.
C A P IT A L
¥ 6 0 0 ,0 0 0 .
BANKERS a n d b r o k e r s .
N o. 52 W E Y B O S S E T S T R E E T ,
D E B E N T U R E S
P R O V ID E N C E , R . I.
GUARANTEED FARM MORTGAGES.
Dealers In Commercial Paper. Government and
Other first-class Bonds and Securities and Foreign
O F F IC E S «
1 REFERENCES«
New York, 208 Broadway. First Nat. Bk.. New York.
Boston, 28 Court St.
Boston Nat. Bk., Boston.
Philadelphia,112 S.4th St. 7th Nat. Bk, Philadelphia.
Kansas City, 7th& Del.Sts.lAm. Nat. Bk.,Kansas City
F o r ra te s of In terest an d fu ll Inform ation
send fo r pam ph let.
Cashier.
HOUSTON, T E X A S.
Capital,
m m - - •
8 2 0 0 ,0 0 0 ^^riva^e Telegraph Wire to New York and Boston.
Collections receive our special attention and are
promptly remitted for.
______ ______
Brewster, Cobb
& Estabrook,
Germ an N ational Bank,
J. G. Fletcher, 5 STATE BANK, 1C. T..Walker,
President, t Incorporated 1875. J Cashier.
L IT T L E R O C K , A R K A N SA S.
C a p ita l (P a id in ) • ■ ■ • ■ ¥ 2 0 0 ,0 0 0
Prompt attention given to all business In our line.
N. Y. CORRESPONDENTS.- Importers’ A Traders
National Bank and National Bank of the Republic.
A. K. W a l k e r , Cashier.
■ First N ational Bank,
W I L M I N G T O N , N . C.
Collections made on all parts of the United States.
R IC H M O N D , V IR G IN IA .
Collections made on all Southern points on best
terms; prompt retu rn ^ p BRANCHt Pregldeht
J o h n F. G l e n n . Cash. F red . R. Scott. Vice-Pres’t
P E N N S Y L V A N IA .
Clark & C o .,
BANKERS AND BROKERS,
N o . 3 5 South. T h ir d S t ., P h ila d e lp h ia .
Railroad, Municipal and other desirable Invest
ment Securities for sale.
.
Transact a general banking business. Allow inter^Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
Narr & Gerlach,
B A N K E R S AN D B R O K E R S ,
No. 437 CHESTNUT STREET,
P H IL A D E L P H IA .
Members o f the Philadelphia and New York Stock
Exchanges.
Cable Transfers, Bills o f Exchange and Letters of
Credit.
R ea Bros. & C o .,
AND
BANKERS,
N o.
35
C O N G R E SS
STREET,
B O STO N .
MEMBERS OF THE NEW Y O R K AND
BOSTON STOCK EXCHANGES.
ALSO,
D e ale rs In M u n ic ip a l, S ta te, R a ilr o a d
a n d U n it e d S tates B o n d s .
MERCHANTS* NATIONAL BANK,
E. W .
I fa r m
W ilb o u r, Jackson & C o ,,
R.A.GIRAUD,
Commercial National Bank,
SL E. Burruss , Pres’t.
W ESTERN.
Chas. H . Potter & C o .,
Investm ent B a n k ers, C lev elan d , O hio.
Sp e c ia l t ie s : Town County and City Bonds; Lake
Superior Iron Mining Stocks, ‘ Republic,
Cham
pion,” “ Cleveland” and “ Jackson. St r e e t R a il w a y s —Denver City Street Rail way Co., of
Col.; Street Railway Co., of Grand Rapids, Michg
Metropolitan Street Railway, of Toledo, Ohio,
ESTABLISHED 1871.
P . F . Keleher & C o .,
317
O L IV E
STREET,
S T . L O U IS .
Dealers In Western Securities and Local Bonds,
Stocks and prime Commercial Paper.
N. W .
Harris &
C o .,
C H IC A G O an d B O STO N .
d o kino
f Counties, Cities, &c„ of high grade a
BONDS ospecialty.
S e n d for D escriptive L ists.
SOUTHERN.
ATLANTA.
AND DEALERS IN FOREIGN EXCHANGE,
Hum phreys Castleman,
4 2 5 W o o d Street, P ittsburg, P a . BROKER AND DEALER IN ALL KINDS OF
MEMBERS
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts of mort
gages, in terest 6 p er cent to
7 p er cent, principal and inter
est absolutely guaranteed. Se
curities for guaranty held by the
American Loan & Trust Com
MINNEAPOLIS. pany, of Boston, Mass.
Send for circulars to
Paid-Up Capital, N E H E R «Sc C A R P E N T E R ,
8 2 0 0 ,0 0 0 .
B a n k e rs , T ro y , N .Y .
Authorir’d Capital
Eastern Managers for Company
8 2 ,0 0 0 ,0 0 0 .
NORTHWESTERN
GUARANTY
LOAN CO.,
Eight per cent net to invest,
L O A N CO. o f ors.
No losses. Interest col
lected
free of charge to lender.
A L A B A M A , First, mortgage
on improved
farm property In finest agri
S elm a, A la . cultural districts in Alabama,
worth three times amount of
Legislative author loan.
ity to negotiate loans. , Sole Alabama correspond
ents of several European lam
companies.
R. M. NELSON, loan
Individuals or Trustees de
President.
siring to make safe loans,
W. R. NELSON. address the company for parV.-P. & Gen.Man’ger Iticulars and references.
Farm Mortgages
In Sums o f $100 and Upwards oi
Indiana and Ohio Bondsu
NOTHING SAFER. ALW A YS PROMPTLY PAID.
NOTHING HKNDFOR PAMPHLET.
JO S. A . H O O K E ,
8 4 E a s t M a r k e t S t., I n d i a n a p o lis , Ind.
T h e A m erican Investm ent Com pany, o[
mATfitmrfl Iowa, with a paid-up capital o f 8WyU,
S o n mil-ulus 8 7 5 ,0 0 0 , offers first Mortgage
Loans drawing s e v e n per cent, both PrincfpaTtod
b t w M t f i d ly G u a r a n te e d . Also «p e rce n t JOyear Debenture Bond»,secured by i05 percent of Arts
Mortgage loans held in trust by the
T r n s t C o .. N .Y . Five per cent certificates oi
deposit for periods under one year. Y fn tefor
tutormation and references to the company at 15*
N assau S h , N. Y . ^ ^
O R M 8B Y,
Vice-President and General Manager.
BANKERS AND BROKERS,
SECURITIES.
Bonds and Stocks bought or sold on tommisslon;
Georgia and Alabama securities specially dealt in.
Correspondents: Tobey & Kirk and A. Dutenhofer,
Nfteferemies: Atlanta National Bank. Atlanta, Ga.,
and Fourth National Bank, New York.
P IT T S B U R G , PA.
ESTABLISHED 1871.
C . W . Branch & C o .,
W h itn ey & Stephenson,
Stat e Ba n k B u ild in g ,
BANKERS AND BROKERS,
INVEST T H R O U G H ^ » * : SOUND AND
WESTERN FARM MORTGAGE COi
F. M. PERKIN^PrtFLN CfiL ?iL PEBmv^S«ft0
paid vn?capitiS and assets^a
w tlS
Eleven years’ experience, with absolutoJ
to over 1,500 investors, bend tor circular^ iorm
4
full information, Branch offices in N.Y. City»“
Albany, ^ew York Of f i Ml W. Bread wga j ^ Age^
Important Notice.
mA(Pt
TO HOLDEES OF KANSAS EEAL ESTATI
BOBTGAGES:
R IC H M O N D , VA.
Private wires connecting with Washington Balt <
more, Philadelphia and N w York
NO. 5 7 F O U R T H A V E N U R .
[ Kamiaa relating to Beal ÏSslat#
Neir York correspondents, Prince 8 WBWW
Oldest Pittebuig niembers N^Y. Stock Exchange.
BANKERS AND:BR0KERS,
CO.,
E Q U IT A B L E
Jo s h u a W ilbottr,
Ch a r l e s H. Sh e l d o n , J r
Be n ja m in A . J a c k s o n , W il l ia m B i n n e t , J r .
FIRST-CLASS FACILITIES.
New York Correspondents.—The National Park Bank
and Seventh Ward National Bank.
H . GARDES.
AND
N E W ENGLAND.
T h e Bank o f D urham ,
DURHAM ,
STR EET,
TRANSACT A GENERAL DOMESTIC
FOREIGN BANKING BUSINESS.
P. A. W il e t , Cashier.
Pay Special Attention to Collections.
SOUTH
THOM AS BRAN CH A
BANKERS AND COMMISSION MERCHANTS
R IC H M O N D , V IR G IN IA .
Circulars and information on funding the debts of
Virginia and North Carolina free of cost; one-eighth
per cent charged for funding. Southern Railroad
and State and City Bonds bought and sold.
B A L T IM O R E ,
BAN A N T O N IO , T E X A S .
COLLECTIONS AND INVESTMENTS MADE.
Correspondence invited.
________
7
G A .,
S E C U R IT Y
BROKER.
Buys and sells on commission all classes of Stocks
and Bonds.
Negotiates loans on marketable securities.
New Vork Quotations furnished by private ticker
every fifteen minutes
Robert Garrett & Sons,
J. B. A l e x a n d e r , Pres. A. A. A l e x a n d e b , CashT.
L . Hartridge,
SAYANNAH ,
TjHE CHRONICLE,
A p r il 9, 1887. J
jjty e c ia ï Jtttic s tn x rtits .
v
J S p r c ia l Itttrestm jetttg .
Mahoning Goal Go. Stock.
Jarvis-Conklin
Texas & Pacific RE. Income and Land
Grant Scrip.
Mortgage Trust C o .,
SUCCESSORS TO
KANSAS
C IT Y ,
*
-
MO.
$ 1 ,0 0 0 ,0 0 0
OFFICERS:
S A M U E L nr. J A R V I S , P re s’ t.
E D W I N E . W I L S O N , 1 st V ic e -P re e ’ t.
H E N R Y P . M O R G A N , 2 d V ic e -P re e U .
Defaulted Railroad Bonds.
T O B E Y
A
4 AND 6 BROAD
K I R K ,
STREET,
YORK.
T r u s t C o .’ s S to c k s .
ALL OF TUB
N ew Y o rk
S IX P E R C E N T D E B E N T U R E S ,
E.
S. B
,
Investment Securities
BOUGHT AND SOLD.
W ANTED!
Elisabeth City, New Jersey, Bonds and Scrim
Southern Central lsts.
Middletown Unionville & Water Gap 5a.
Indianapolis & Vincennes lsts and ads.,
Scioto Valley Ronds, all issues.
A L B E R T E . H A C H P IK I .il,
Geo. H . Prentiss & C o .,
AND
208
M ONTAGUE
S T .,
BROOKLYN.
G AS S T O C K S
AMD
GAS
•treet Railroad Stocks and Bonds,
AND ALL KINDS Or
S E C U R IT IE S
d e a l t
No. m
P in e S t r e e t .
G aa
lend fur list published Mond >vs.
J •P . W IN Vît 1** « Ï Ï AM.“ » « PÎnê S t., N .Y ..
Member Consolidated Stock A Petr. >l*um Exchange
Member N. Y. Produce Exchange.
in
.
•HB GAS QUOTATIONS IN THIS PAPER.
• so. H. prkvtkb , W.d .P ukntiss. W .W W atbh
Memb. N.Y. Stuck Kxch.
L. F, Qlnby , Jb . '
T he Investors’ A g e n cy ,
B o n d s of* S u r e t y s h i p .
SCUWiBR,
Jr., Proprietor,)
ANSWERS INQUIRIES CONCERNING
Am erican S lo ck s a n d Securities
Large Library of Railroad Documents.
Competent Experts.
CuiidUenthil Reports,
Moderate Charge«.
H . JL. Grant,
N o.
14$
B R O A D W A Y ,
YORK.
NEW
CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
See Quotations of City Railroads In this paper.
R . T . W ilson & C o .,
BANKERS AND COMMISSION MERCHANT,
* e x c h a n g e C o u rt N e w Y o r k .
E Q U IT A B L E L IF E
assurance society. /
In S urplus (namely tlio excess
of accumulated funds over liabili.
ties), in P remium Income, in th$
amount of A ssurance in F orce, tbf
Equitable Life Assurance Society ex
ceeds every other life assurance comr
pany, and may bo regarded as th*
largest and strongest organization of
its kind in the world.
Asset», January 1, 1887....... $75,510,472.76
Liabilities on 4 perct. basis.. $59,154,597.00
Surplus on 4 per ct. basis... $10.355,875.76
C
iS S S S M B
New Assurance in 1886.... $111,540,208.06
Outstanding Assurance.... $411,779,098.00
M UTUAL
Life Insurance Com pany
E . D B W I T T , P r e s id e n t.
ORGANIZED 184».
Write to the Company or its Agents for circulate
explaining
T h e M a in e N o a - F o r f e i t n r o L a w .
OF NORTH AMERICA.
LOSSES PAID PROMPTLY AND WITHOUT
Qaib Capital................................................tano nor
DISCOUNT.
Assets and Resources.......... .........................* 880 000
The Company Is strong, reliable and popular; and
Deposit with insurance Department............ Wao^OOQ
ssues a variety of policies suited to the different
_ . President :
Vice-President:
Circumstances of insurers
Bi b a l e x . T. Ga l t .
H on . J ab . F i r e u i b .
Managing Director: E d w a r d Ra w l in g s .
NEW YORK OFFICE:
NO. I l l B R O A D W A Y .
D. J. TOMPKINS. Secretary.
WO
JO H N
OTHER BUSINESS.
The Guarantee Co.
Staten Island Securities
2 3 4 L a S u il* 8 t ., C h ic a g o , 111,,
M. L.
. W h e e l w r ig h t , A n t See
THE
U N IO N
f l f i u m c i a l ©jcrmjrattijeSe
a
W m. T. Standen , Actuary.
All the profits belong to the Policy-holders exclu
sively.
All Policies issued by this Company are o n u m e
Able after three years.
All Death Claims paid w it h o u t d isc ou n t as soon
as satisfactory proofs have been received.
This Company issues ail forms of insurance, in
olndlng Tontine and Limited (Non-Forfeiting) Ton
tine.
One month’s grace allowed in the payment o f
Premiums on Tontine PoHoies, and ten days' grace
on all others, the Insurance remaining in full fores
daring the graoe.
Absolute security, combined with the largest Tiber
ality, assures the popularity and success of this com-,
pany.
GOOD AGENTS, desiring to represent the Com
pany , re invited to address J. 8. GAFFNEY, Super,
intmdent, of Agencies, at Home
PORTLAND, MAINE.
S E C U R IT IE S ,
BROOKLYN
YORK.
G. H. BURFORD, President.
AND
payable balf-yearly at the office o f TH 55 M ER
CANTILE TRUST CO., NEW YORK. These
B r o o k ly n Companies’
Debentures run for Ten years, but with the
BOUGHT AND SOLD BY
option o f redemption at the end o f Five years.
W
M
. C. N O Y E S ,
They are direct obligations o f the Company,
and are further secured by an equal amount o f
96 B road w a
Real Estate Mortgages on improved and pro
See my quotations of Trust and Telegraph Stocks
ductive Real Estate worth from three to live in Daily Indicator and Saturday's Evening Post.
times the amount of.tlie mortgages, held by THE
MERCANTILE TRUST CO., which under speoial
ailey
Articles o f Agreement acts as Trustee for the
holders o f the Debentures. They are issued in
5*e P I N E S T R E E T .
denominations o f $500, $1,000 and $5,000
DEALINGS IN
These Debentures are a very desirable class
I N S U R A N C E
STO C K S
of Investments for Estates and Trust FundsA S P E C IA L T Y .
aud for Individuals and corporations desiring
Cash paid at once for the above securities; or they
an exceedingly safe investment, with a com,
will be sold on commission at seller’s option.
paratively high rate o f interest.
Write for further information and referenoo
to our office at Kansas City, Mo., or to
It., NEW YORK,
C IT Y OF N E W
C. P. F r a TiEiq h , Sec’y.
This Company offers fo r sale at par and
accrued interest its
R O L A N D R . C O N K L IN , S ecreta ry,
E q u ita b le B u ild in g , N .Y . C ity .
J O H N n , S H R 1 G L E Y , Manager,
4 1 1 W a l n u t S t., P h i l a d e l p h i a .
B IO R G A N Ac B R E N N A N , M a n a g e r s ,
2 7 C u sto m H o u s e Street,
___ ___________________ P r o v id e n c e , R . I .
THE
New Orleans Pacific RR. Land Grant
(ORGANIZED IN 1880.)
Bonds.
201, 262 & 263 Broadway, NewYork.
NEW
R O L A N D R . C O N K L IN , Sec’ y,
W M . P . S H E L L E Y , T r e a s ’ r.
G E O . W . M c C R A R Y , C o u n s e l.
Wo. 4 9 W A L L
Insurance C o .
IN
Jarvis, Conklin & C o .,
Capital P a id U p
T h e United States Life
Ôlcôttand JIB. Puisford.
F I D E L I T Y At C A S U A L T Y CD.
A S P E C IA L T Y .
Gas, Railroad & Amusement Co. Stock*
GEO. B . R IP L E Y ,
66 B roadw ay, R oom 8.
Nos. 314 A 218 BROADWAY, NEW YORK.
^ jested in U. 8. G ovt Bonda
♦200,000 deposited with the N. Y. Ins. Dept for
the protection of Policy-holders.
BANKERS AND BROKERS,
Assets, January 1st, 18s7, 1678,105.
.1« »1®^
Railroads and ax press Com pa
nles. Managers,Secretaries,and Clerks of Public Com 7 4 B R O A D W A Y a n d 9 N E W S T R E E T ,
panies, Institutions and Commercial firms, can obtain
N ew Y o rk .
BONDS OP S U R E T Y S H IP
from this Company at moderate charges
The bonds of this Company are accepted bv the
ESTABLISHED X80Û.
courts o f the various States
**
y
CASU ALTY D E P A R T M E N T.
It.
to l t t o f f i ^ f c MCi<lent8
death or
S T A T IO N E R AN D P R IN T E R .
Fuji information as to details, rates, Ac., can be
**ead office, or of Company’s Agents.
Supplies Banks, Bankers, Stock Brokers and Corpo
W m . M. R ichahds , Prest. J ohn m . c k a n i Sec’r
rations with complete outfits of Account Books and
Kob ’t J. H illas , Ass’t Secretary. ’ 860 7* Stationery
„ „
DIRECTORS:
t W New concerns organising will have their order*
U-U- Williams, David Dows,
W G Low
promptly executed.
JA T l ! £ r ahan’ w a*
,
Charles Iannis,
.J.
1 ' t 'R it ir
?
’r
f
,^
url,
k
iut'
A1«
x
Mitchell
N o. 1 W I L L ! A 71 S T R E E T ,
L. Biker.
J D. VermUve, 8. B. Chittenden,
Geo. 8. Coe.
_____ Wm. M. Richards.
(HANOVER SQUARE.)
H ow ard Lapsley & C o .,
Eu ge ne
C o le ,
[V O L .
THE CHRONICLE
n
‘j gitm u tin l.
Kansas
# 9 0 0 ,0 0 0 .
O ffice of d r e x b l , Mo r g a n & Co.,
23 W a l l St ., N e w Y o r k , March 16,1887.
THE
To the Security Holders of the
OF T O P E K A , KANSAS,
<j;PER CT. SECURED GOLD BONDS,
Principal and Interest payable at the
NINTH NATIONAL BANK, NEW YORK.
Jfitmtxtial.
^ iu a t x jc ia l.
Investment C o.
XUV
)
j
Louisville N e w
Said bonds are fully secured by first
mortgages on improved real estate in
Kansas, deposited with the
A lbany Chicago & Atlantic RR. Co.:
Having undertaken, at the request of the holders
& Chicago R ’y C o.
of a large amount of the securities of the Chicago
& Atlantic Railway Company, to bring about the re
organization of that company and to adjust the dlf.
BOSTON SAFE DEPOSIT A TRUST CO., Trustee. $900,000 o f its Consolidated Mort ferences between it and The New York Lake Erie A
Western RR. Co., with the understanding that the
They are largely taken by institutions
gage 6 P er Cent Gold Bonds,
railroad of the reorganized company shall be transand conservative investors generally.
ferred to and operated by the New York Lake Erie
D U B IN 1 9 1 6 .
P ric e , P a r an d A ccru ed In terest.
& Western RR. Co., we have made a contract with
Represented by
Sealed proposals for all or any part will be The New York Lake Erie & Western RR. Co. with a
A . D . M ID D L E T O N ,
view to such reorganization and adjustment.
received at the office of the
1 0 W a l l S treet, N. Y
Copies of a circular setting forth the plan of re
FARMERS’ LOAN & TRUST CO.
organization may be obtained on application at our
up to April 22, at 12 o’clock, noon.
office.
Farther information will be given upon appli
Holders of the securities of the Chicago A Atlan
cation at the office of the Company,
TERRITORY OF DAKOTA,
)
tic Railway Company are requested to deposit same
Omens of T e r r it o r ia l T r e a s u r e r , >
with in accordance with said circular.
BISMARCK, D. T., March 28,1886. )
N o . 31 N a ssau S tree t, N . Y .
Sealed proposals will be received at this office
D R E X E L , M O R G A N Sc CO.
W M . D O W D , P r e s ’ t.
until noon April 80,1867, for the purchase o f the
W M . D U L L E S , J r ., A s s ’ t. T r e a s .
following coupon bonds:
New Y o rk , April 1,1887.
$35,800 Normal School
P er Cent
OFFERS FOR SALE
Proposals for Bonds.
Henry S. Ives & C o .,
Bonds,
Bearing date May 1,1887; running fifteen years:
Interest payable semi-annually, on the first days of
January and July In each year, at the Chemical
National Bank, New York City.
. .
No bid received less than par. The right to reject
any and all bids Is reserved. Envelopes containing
proposals must be marked “ Proposals for the Pur
chase o f Dakota Territorial Bonds,’’ and addressed
to the Territorial Treasurer at Bismarck, Dakota.
J. W. RAYMOND,
Territorial Treasurer.
TO THE SECURITY HOLDERS OF THE
Pittsburg & Western RR.Co.
Holders of a large majority o f the Stock and Bonds
of the Pittsburg & Western Railroad Company hav
ing become parties to the plan of reorganization
dated March 10th, 1887, notice Is hereby given that
the right to deposit securities under said plan will
expire April 9th, 1887, after which date stock and
bonds, if received at all, will only be accepted on
terms to be fixed by the Committee.
Deposits o f Stock and Bonds must be made with
Messrs. DREXEL & 00., Philadelphia, or Messrs.
DREXEL, MORGAN & CO., New York, who will
Issue receipts for the same.
J. LOWBER WELSH,
JOHN T. TERRY,
C. B . COSTER,
ANTHONY J. THOMAS,
Committee. '
New Y o rk , March 25,1887.
First Mortgage 6 P er Cent Gold Bonds
(8 1 3 ,0 0 0 P E R M IL E ),
JACKSONVILLE TAMPA & KEY WES1
RAILWAY COMPANY.
Issue limited to $1,566,000. Principal due 1914
Interest payable In New York January and July.
Completed Feb. 22, 1886. Standard gauge. Steel
rails. First-class equipment.
,
This road forms a part of the through line from
New York to Tampa, Florida, over which the Cuban
mail is now carried. We recommend these bonds as
secured by a large and rapidly Increasing through
and local business. Price, par and accrued Interest.
Pamphlets and copies o f mortgage furnished..
R . A . L A N C A S T E R Sc CO,
1 0 W a l l S treet.
J. P. Gayle,
r e a l e sta t e a g e n t,
F ir s t A t . , b e t. 1 9 t h a n d 2 0 t h Streets
Up stairs, opposite Bemey National Bank.
BIRMINGHAM, ALABAMA.
Valuable suburban tracts o f land in bodies of
ten to eighty acres eaob.
H am ilton
& Bishop,
BANKERS,
WE OFFER FOR 8ALE
Denison (T exas) City W ater Co.
6 per ct. 30-year Gold Bonds.
N o.
Interest February and August at FARMERS
LOAN AND TRUST CO., Trustees, New York, and
Transact a general hanking business, including the
purchase and sale of securities listed at the New
York Stock Exchange, or In the open market.
Receive deposits subject to check at sight and
allow Interest on daily balances.
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject o f Invest
ments for lnstttntions and trust funds.
Vincennes (Ind.) W ater Supply Co.
6 per ct. 80-year Gold Bonds.
Interest payable January and July at PHILADEL
PHIA TRUST CO., Trustees, Philadelphia
The above works have been accepted by the re
spective cities and are In full operation. For
further particulars apply to
W .
G .
H O P P E R
&
NASSAU
S T ., N E W
YORK.
P. O. BOX 1,422.
CO.,
Fifth
No. 28 South Third Street, Phtla.
Avenue
HOTEL,
W E O FFE R FOR SALE
A LIMITED AMOUNT OF
M adison S qu are,
NEW YORK.
First Mortgage 6 Per Cent Gold Bonds
and Delightful L^atlom c o c g
OF THE
ROHE
&
DECATUR
Principal payable 1926. Interest June and Decem
ber at American Loan & Trust Co., Trustee.
Issued at the rate of $15,000 per mile.
This railroad runs through the richest mineral and
agricultural portions of the States of Georgia and
Alabama, and forms a direct Western outlet for
roads centering at Rome, including the East Ten
nessee Virginia A Georgia and Georgia Central roads
G R O V E S T E E N Sc P E L L ,
6 6 E x c h a n g e P la c e , N e w Y o r k ,
BANKERS AND BROKERS.
in te r e s t,
pxRLING A 00.
RR.
^ t n iÄ e n Ä s ,
See,
S T O C K H O L D E R S ’ M E E T I N G —T H E
^ annual meeting of the stockholders of the
DENVER & RIO GRANDE RR. C0„
for the election of directors and for the transaction
of such other business as may come before the meet
ing, will be held at the principal office of the Com
pany, In Denver, Colorado, on MONDAY, the 2d of
May, 1887, at 12 o’clock.
The transfer books will be closed at 8 o’clock P.M.*
April 9th, and reopened May 9th.
By order o f the Board of Directors.
WM. WAGNER, Secretary.
r p H E N E W Y O R K Sc P E R R Y C O A L
JL & i r o n CO., 52 B r o a d w a y , New Y ork ,
April 4. 1887.
The Board of Directors of this Company have this
day declared a quarterly dividend of ONE AND ONEQUARTER (1M) PER CENT upon its Capital Stock,
out of the earnings of the Company for the quarter
ending March 81, 1887, payable at this office on
the 25th inst. Transfer books to be closed on the
15th inst. and opened again on the 27th of April,
1887.
F. P. PERKINS, Treasurer.
BANKERS AND BROKERS,
_
No. 9 6 B R O A D W A Y , N E W Y O R K .
(Members New York Stock Exchange.)
Accounts of Banks, Bankers and others reoeived.
Interest allowed on balances. A strictly Commission
Business in the purchase and sale of stocks and bonds.
Private Telegraph Wire to Albany,Troy, Syracuse,
Rochester, Utica, Buffalo, Cleveland and Chioago.
Draw on City Bank o f London In amounts to suit.
Special attention given to Securities for investment,
T H E S T . P A U L M I N N E A P O L I S Sc
A
MANITOBA RAILWAY COMPANY,
No. 63 W il l ia m St ., New York , March 30,1887.
The usual quarterly dividend of ONE AND ONEHALF PER CENT on the Capital Stock of this Com
pany, has been this day declared, payable May 2,
1887, to stockholders of record on that date.
The transfer books will be closed at 8 o’clock P. M.
April 11. and will he re-opened at 10 o’clock A. M.
May 8,1887.
E. T. NICHOLS,
Assistant Secretary.
O F F IC E S
TO
LET
AT
NO.
47
Broadway, in large and small suites, and at
low rents. Modern first-class office building, steam
heat, elevator, etc. Steam-heat and janitors serv
ices included in rent ; also basement office in same
building, fronting on Broadway, well lighted.
JOHN F. DOYLE,
45 William Street.
COLORADO
CENTRAL
C O N SO L *
d a t e d MINING CO.—The regular dividend.
No. 15, of Five Cents per Share ($13,750), has been
declared to the Stockholders of this Company, pay.
able on April 11, at the Farmers’ Loan & Trust Co
Transfer bosks close on April 1st, reopening c ”
April 12.
R. V. MARTINSEN, Treasurer.
New Y o rk , March 10,1887.
35
Bible H o tel,
AM STERD AM , HOLLAND.
Beautifully situated In the centre of the olty, olos
to the Railway Station and the Bxohange. First
rate cooking. Excellent wines. Moderate prices.
W. P. WERKER, Manager.
M assasoit
House,
S P R IN G F IE L D , M ASS.
IE BEST APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Near
lion Depot.
w . H . C H A P IN .
I P t r a u jc ia X .
ih n
G. M oor e .
W. K. K itc h e n .
G. b . Soh let
M oore & Schley,
BANKERS AND BROKERS,
6 BROAD STREET, NEW YORK.
B r a n c h Office s :
_
„
72 Wall St., N. Y.
114 So. Third St„ Pblla.
Connected with
I. A. EVANS & Co., Boston,
Corso n A Ma c a r t n e y , Washington, D.O.
E. L. BREWSTER A CO„ Chicago.
H u b b a r d A f a r m e r , Hartford.
Private Wire Connections.
Buv and sell Stocks, Bonds and Miscellaneous
Bounties on New York Exchanges; also Grain and
revisions on Chicago Board of Trade.____________
Spencer
Trask &
BANKERS é
C o .,
BROKERS\
16 a n d 18 B r o a d S t r e e t ,
N . V.
Albany, N. Y .
Providence, R. I.
Saratoga.
Transact a General B anking Business»
Direct Private Wires to each office and to
PHILADELPHIA,
BOSTON
WORCESTER. J
HUNT’S MERCHANTS’
i§ )
MAGAZINE,
§ U W ]S )J a )J U ,
REPRESEN TING TH E IN D U S T R IA L A N D
COM M E RC IAL IN T E R E S T S O P T H E
U N IT E D S T A T E S .
SATURDAY, A PR IL 9, 1887.
VOL. 44
© h r o m
NO. 1,137.
March.
c le .
1887.
1
Three months.
1886.
P.Ct.
1887.
P.Ct.
1886.
8
1
Í
$
New York...... 2,886,368,470 2,906,076,442 -2-4 8,272,938,310 8,528,113,078 —80
For One Year (inoluding postage).........................................$10
.. $10 20
20
For Six Months
do
................
6 10
880,l«8,86i 345,696,115 +11-7 1,062,931,463 1,029,812,730
European Subscription (Inoluding postage).......
Providence...
20,235,400
17,690,400 +14-4
.. 11 28
68,160,000
04,028,600 4-7-a
Hartford........
7,312,153
7,897,708 —1-2
23,218,868
22,874,086 +1-5
Annnai subscription in London (inoluding p o sta g e ). . . . . £ 2 7a,
New
Haven...
5,040,361
4,394,581 +14-9
15,296,85«
13,628,798 +12-8
.
.
.
.
Six Mob.
do
do
do
.... . £ l8 s .
3,686,750
8,687,930
+1-8
11,175.831
10,834,095 +8-8
These prices include the I nvestors ’ Supplem ent , o f 100 pages, Worcester.....
8,827,082
3,443,403 +111
11,214,302
+10-Ï
10,103,712
issued onoe in tw o months, and furnished w ithout extra oharge to Springfield....
3.006,827
3.107,586 +25-7
11,843,709
9,849,480 -j-ao-8
2,462,046
subscribers o f the C hronicle .
2,130,067 +15-6
7,002,955
6,247,488 4-ia-i
W I L L I A M B . D A N A 4c C o ., P u b lis h e r s ,
Tot. N. Eng. 432,640,802 387,498,780 +1V7 1,800,844,077 1,157,428,834 +8-8
WILLIAM B. DANA
NA. I
7 9 4c 81 W i l l i a m S tree t, N E W Y O R K .
JOHN Q. FLOYD
P ost Office B o x 958.
Philadelphia.. 283,431,443 250,586,384 +18-1
770,894,747 686,558,848 +18-3
Pittsburg.......
88,658,502
32,365,814 +19-4
116,611,389
94,663,639 +83-2
57,086,105
Baltimore.....
51,145,879 +18-4
168,536,191
150,092,498 4-12-3
Terms of Subscription—Payable in Advance:
C L E A R IN G H O U S E R E T U R N S .
The present exhibit of exchanges, covering the week ended
April 2, is decidedly more satisfactory than that for the pre
ceding week, both at New York and elsewhere. The gain at
this city reaches $143,564,151, while in the aggregate for all
other clearing houses the increase is $39,867,223. The more
favorable result at New York is mainly due to increased oper
ations on the Stock Exchange. In comparison with the cor
responding period of 1836 there is an excess in the whole
oountry of 11*6 per cent.
Week Unding April 2.
Week Ending Mar. 26.
1887.
1886.
Per Cent
New York............
8685.299,546
$639,443,411
+T2
Stocks.... shares.
Cotton......bales.
(2,089.811
(1,168,500
(39,087,157
(6,754,000
(2,039,668
(+2-5)
1396,900 (+194-4)
(27.668,000 (+41-3)
(45,088,000) (—85-0)
896,870,161
4,363,000
1,688,470
1,155,907
838,973
908,378
775,025
542,191
$79,777,338
8,648,300
1,688,494
991,186
893,446
796,352
619,068
487,943
Sales o f—
Î
Grain.. .bushels.
Boston........
Petroleum, .bbls.
Providence..
Hartford....
New Haven.
Portland... .
Worcester..
Springfield...
Lowell........
Total N. England
+20-8
+25-1
—00
+ 16-3
—6-1
+14-1
+25 2
+111
$79,347.691
4.285,200
1,439,861
1,040,700
776,540
806,852
772,389
519,650
$88,905,127
+20-2
$89,048,883
+86
$53,972,066
6,932,576
10,840,537
+ 15-4
-1212
+13-6
$58,541,246
8,870,015
12,465,215
+9-0
+270
+15-8
Total Middle..,
882,975,508
$71,745,179
+15-7
$70,886,078
+11-8
Chicago............
Cincinnati.........
Detroit................
Indianapolis...
Cleveland............
Columbus............
Peoria.................
O m aha.......,,,,,
Minneapolis........
Denver...........
St. Paul ..........
Grand Bapids....
Wichita*........
$55,631,121
11,504,800
4,105,217
3,433,819
1,611,8 il
2,702,145
2,353,818
1,063,300
2,655,538
2,634,239
2.232,387
8,437,011
381,700
1,335,672
$46,593,532
8,913,200
3,392,110
2,752,279
1.145,063
2,287,023
2,201,575
688,429
1,159,650
2,298,836
1,470,517
2,301,062
358,320
+194
+29-1
+210
+24-8
+408
+18-2
-f 6 9
+ 54-5
+129-0
+14-0
+50-9
+49-4
+6-5
Total Western,
St. Louis............
St. Joseph..... .
New Orleans...!"
Louisville.. ,
Kansas City.'. “
Memphis......
Galveston..’.’.......
Norfolk....
893,746,906
$75,572,596
815,975,938
1.295,162
8,177,462
6,757,8541
7,030,753
1,978,230
783,866
602,639!
+24 0 ~
$12,685,453 +259
800.480 +606
0,521,808 +25'4
4,684,315 +44-3
4,588,300 +53-2
1,695,451 +10-7
1,130,090 —30-0
655,300
—8 0
Total Southern.
842,601,903!
$32,707,197
Baltimore......
Milwaukee...........
+30-0
San Francisco....
816,575,5141 $12,638,224 A 31-2
Total all........... $1,028,043,477
8921,071,734 +11-0
Outside New York $342,743,9311 $281,628,323
+21-7
--- AU tuuuo.
Indianapolis...
Cleveland......
Columbus......
Minneapolis...
St, Paul..........
Grand Rapids.
Tot. W est...
850,304.409
A19-2
10,823,900
+34-1
3,879,734
+16-9
3,041.185
+9-4
1,410,068
+38-0
2,669,172
+46-9
1,970,150
+10-8
1.068,741
+71-1
2,773.757 +129-9
2,671,155
—2-8
2,303,238
+393
3,481,482
+54-1
51;>,904 +45’9
1,579,585
$86,912,901
$10,038,801
1,543,137
10,696,417
4,543.056
7.136,955
2.019.341
1,077,902
590,706
880,076,140 834,098,077 +18-8 1,056,042,327
931,314,985 +18-4
240,248.544
51,308,150
18,625,778
14,700,014
6,492,055
12,890,818
0,988,420
5,178,728
11,478,775
12.945,641
10,611,836
16,410,552
2,217,838
641,154,255
142,015,100
51,945,408
43,707,341
19,207,797
38,928,030
25,502,667
13,455,630
29,855,175
36,384.565
25,589,360
42.686,940
6,113,766
058,474,349 +14-8
117,204,950 ■21-8
44,043,467 -17-9
87,938,455 +15-3
15.243,973 +86-0
27,599,157 --41-0
21,602,752 -18-1
8,814,328 -56-3
17,381,424 ■71-8
80,826,190 -t-18‘0
19,751,578 +89-6
29,005,582 447-8
4,648,093 +81-5
413,183,352 829,380,090 +85-4 1,116,546,029
75,820,034 62.407,170 4-21-5 211,279,029
6,848,186
8,551,447 +92-8
16,356,933
44,783,655 37,741,500 +18-7
128,377,156
22,939,567
19,776,819 +16-0
66,811,041
82,352,705 20,881,064 +55*0
89,562,209
10,805,070
7,960,910 +30-6
30,861,006
4,643,790
5,907,648 —2P4
15,141.502
3,056,211
3,145,384 -2-8
10,080,647
932,334,298 +19-8
194,082,886 +23-8
44,230,400 +16-0
15,018,784 +24-0
13,557,936 +9-1
4,829,052 +34-5
9,295,313 +88-7
8,292.844 +20-3
3,132,378 +«5-2
5,940,122 +93-2
11,385,715 +13-7
7.812,715 +45-1
10,595,952 +54-9
1,699,448 +30-5
Three months, 1887.
Description. Par Value
or Quantity
Actual
Value.
414-5
408-5
4l0-8
418-8
460-3
f87-6
-14-7
+0-4
Three months, 1880.
Aver’ge Par Value
Price. or Quantity
Actual. Aver’ge
Value.
Price.
22,608,544 i 1106490378 58-4 1
28,235,129
Stock { vaPe $1997683200
71-7
11760342290
$2463,175,752
RR. bonds... $105,937,190 ’ $92,542,110 87-4 1 $183,721.100 $157,086,741 86-0
Gov’t bonds. $2,645,000 $3,175,837 1200
$3,493,500 $4,184,618 119-8
State bonds. $8.849,200
$2,931,412 83-1
$4,813,798
$1,470,007 30-5
Bank stocks.
$325,490
$427,233 131-2
$354,350
$392,897 110-0
Total ... $2115440989 $1265572969 59-8 $2655,558,500 $1930376,553 72-7
Petr’l’m.bbls 333,844,000 $219,930,350 65 6-10c $754.000,000 $021,790,570 82Wo
Cotton.bales
0,185,300 $305,662,280 $49-43
7,930,000 $368,457,700 $46-40
Grain...bush 403,762,657 $401,086,891 86>¿c
340,030,914 $281.021,063 82 2-30
Total value
$2192252490
$3201654,835
The returns of exchanges for the five days, as received by
telegraph this evenmg, are quite satisfactory. The figures for
+24-0 Boston and Chicago cover only four days in each year. At
+22-9 Philadelphia, Baltimore and New Orleans this year’s figures
+111-3
+325
+251
+76-7
+35-0
-8-6
-9-1
Week Ending April 0.
1887.
+32-9 New York............. $615,645.960
Sales of Stock (siis.) ■ (2,346,468)
$13,381,631
+27-5 Boston..................
74,954,460
$854,612,103
43,702,290
—10-1 Philadelphia.........
0,182,334
$312,876,708 +17-3
42,811,000
15,164,350
6,754,305
a large increase New Orleans.......
$43,647,215
0Fer?h1nt o L f ^ ^ e Km° nth e f 5 arch record
lag monti^r^ +Ua^ebrua!n ’ but Bho, W * decline from the openTotal, 5 days... $807,214,771
is a
° f *be .year. Contrasted with March of 1886 there
Estimated 1 day
168,106,211
gate for
N-!^ Y ° rk .of 3 4 Per cent, but in the aggreTotal fall week $987,320,982
gain nut
the cities the increase reaches 3*8 per cent the
92,010,617
New York being 17-8 per cent. ForThe firet Balance, Country*
Total week, al) $1,079,337.59»
lag Deriod nf 1
^be.
compared with the correspond
° penod o£ !ast year is 1*8 per cent in the whol2 country.
t«ide mew v<>tk $341.121.467
184,498,821
10,603,034
115,843,862
58,696,476
65,897,534
22,430,113
17,740,800
10,039,637
200,841,036 161,372,4421+24-5 568,469,023 475,799,777 +-19-5
65,187,089 54,02 4,879| -I-20-7 166,674,785
+8*2 San Francisco.
137,848,229 420-9
+14-4
Total all...... 4,828,301,988 4,171,451,219 +3-8Í12,330,910,051 12,160,839,201 +1-8
-0-3
+18-0
+23 Outside N. Y. 1.491.933,509 1,266,374,7771+17-8! 4,108,578,741 3,634,726,123 4180
+172
+91
Our compilation embracing oparations on the various New
+22-0
862,257,283
8,402,876
12,315,349
Pittsburg.........
Cincin nati......
Milwaukee....
St. Louis........
St. Joseph....
1887.
Percent New Orleans..
Louisville......
$541,735,390
-2 0 8 Kansas City...
Memphis........
(1,107,441) (-58-5) Galveston......
(678,700 (+38-4)
(27,801,000 (-24-5)
Tot. South...
(11,140,000 (-69 3)
8106,844,100
Philadelphia..
Tot. Middle..
1886.
Per Cent.
Week End’g April 2.
1887.
PerOent
$495,358,032 +24-3
(1,329,885) (+70-4)
51,716,200
+8-6
42,172,558
9,541,393 —3-8
35,500,000 +20-0
12,960,381 +17-0
6,240,451
—7-8
$544,075,931
(1,721,351)
7,210,285
+25-2
$053,439,015 +28-5
119,615,092 +40-5
$746,037,700
155,272,354
+6-8
+6-0
$773,104,107
72,109,097
+27-7
+27-0
$901,310,054
85,482,031
+6-1
+20-1
$845,213,204 +27-7
$264,201.745 T s f T
$936,702.985
$321,115.778
+ r?
+14-1
48,478,678
(+8-9)
+10-8
+11-5
42,887,000
THE CH RO N ICLE
418
T H E F I N A N C I A L S IT U A T IO N .
There has been a little more irregularity or feverishness
in money this week, just the extent to which it was legiti
mate or speculative it would be hard to distinguish. So
far as represented by bankers’ balances the extremes
have been 20 and 3 per cent. The first named rate was
recorded on Thursday afternoon when the fact that the
next day was a partial holiday on which the Stock
Exchange would be closed, influenced the urgency o f the
inquiry, so that loans in considerable amounts were made
at 8, 10 and 12 per cent, and this was supplemented by sharp
bidding which caused 20 cent to be recorded. The low
rate mentioned was made on Saturday, a week ago, when it
was reported that a trust company and a down-town bank
•ailed in their 6 per cent loans in the morning and findm g their supply was abundant later in the day made free
offerings at 3 per cent. Good judges make the average
for the week from 6^- to 7 per cent, and so far as banks
have had any balances to put out they have done nothing
below 6 per cent. A n indication of the opinion prevailing
as to the future o f money is the fact that there is a good
demand at 5 per cent for seven months on very choice
collateral, a round amount having been placed at this rate
during the week for the above mentioned period ; while
for shorter time 6 and 6£ per cent is bid on mixed collat
eral, the lenders being permitted to select either 60 days
or 6 months as the period. Our banks have demands
from th<»T» regular depositors and customer j sufficiently
large to absorb all the accommodation which they can
afford, and this keeps them not only out of W all street,
but out of the paper market as well. Institutions in the
immediate vicinity of this centre— western Massachusetts,
Connecticut, Eastern New Y ork, New Jersey and Penn
sylvania— are better supplied with funds, and they are
gleaning from the paper market the most desirable names
at best prices. Q station s for strictly prime 60 to 90
day endorsed bills receivable are 6 per cent; for four
months commission house names 6@6-J per ceat, and for
good single names having four to six months to run 6£
to
per cent.
There is no evidence as yet in the reports made to us by
tha hanks of any return movement of money from the
interior except in small amounts and from near-by
sections. Latest advices, to be sure, report exchange
rising at both Chicago and St. Louis, 40 cefits per
$1,000 discount being now reported at Chicago, and
( 0 cents at St. Louis; but funds continue to flow in
those directions, while Cincinnati also has been drawing
some money this week, and the East likewise. In fact
trade is still reported good in the W est, and better than
usual at this season in the South, while land specula
tion in both sections is active; the latter circumstance
indirectly for the time being helps all business. W ith these
conditions continuing and railroad building brisk, it
appears as if there could be little probability o f any consider
able return of funds from those remote sections, especially
when we remember how the money has been scattered
in small bills (so difficult to gather up), over 21 million of
small silver certificates having now been issued, as will
appear by a statement given in a subsequent article.
Besides, in the East we have the very active speculation in
Stocks in Boston, more active than for years, and as the
promise is that it will continue, a movement of currency
from that centre can hardly be looked for at present
[V O L X L I V .
market rate is 2 per cent. Neither does there appear to
be just now any immediate prospect o f greater activity.
It is reported that the Irish question is interfering with
business revival in Great Britain, and that on the continent
the political tension checks all enterprise. These influences
also naturally lead to the concentration o f capital at points
o f greatest safety and such accumulation with this shortened
demand produces these very low rates. Speculation on the
London Stock Exchange seems to be fitful— one week
English railroad properties seem to absorb attention and
another week Americans are the favorites. The cable
reports a more confident feeling in London regarding
American securities. A special cable to us states that the
loss o f bullion by the Bank of England this week which
was reported at £533,000 was made up by an import
principally from E gypt o f £434,000, and by an export
principally to.Germany o f £125,000, and by shipments to the
interior of Great Britain o f £842,000. The Bank of Pranee
also lost £137,000 gold, which probably went to Berlin.
Our foreign exchange market has been dull and some
what variable. The inclination was downward for short
bills, but firmer for long, ihe latter being affected by the
easier rates for money in London which made it more
a lvantage oui to buy this class o f sterling. The operations of the arbitrage houses have had very very little
influence for the reason that they have not been large;
and in fact taken altogether the purchases of securities
on European account are at present small. Neither have
we been able to learn o f any indications o f the offerings
o f loan bills. Still the fact is that short exchange has
continued with a downward inclination all the week and
on Thursday the market was heavy partly as stated
because of the holiday on Friday. Our foreign trade
remains about as last reported. The exports o f cotton in
March were 486,179 bales, or 152,058 bales larger than in
the same month a year ago. The movement of breadstuffs
is checked by the speculation in progress, the old mania
that Europe needs our wheat more than we need to sell it,
having taken possession of a new crop o f lambs. Hang
ing on to 52 millions of stock in sight just as Australia
has begun and India is getting ready to ship their cropa
is the reappearance o f a folly already several times re
peated with a disastrous result.
The Inter-State Commerce bill has now been in fore*
four days, and the developments during that time with
regard to its operation and meaning would be laughable
if they did not affect a matter which involves the entir*
business interests of the country. Our people are just
beginning to discover that the criticisms we made while
this conference measure was before Congress, though
thought by some at the time extravagant, did not half
express the evil consequences o f the act. I f enforced it
will throw about one-quarter o f our railway mileage (the
weakest) into bankruptcy, it will decidedly benefit about
one-half (the strongest portion) o f it, while the other quar
ter will be able to ju 3t scrub along. A3 to trade, the law,
unless modiGed, will wholly change its channels, for a3 it
stands it is a direct obstruction. ¥ e see a first illustra
tion of this in the application made to the Commis
sioners with regard to the long-and short haul clause.
Tnere are not a half dozsn roads in the land that cannot
present just such “ special” (?) conditions. A n d wheathese
five men who now are in control of our railroad system
come to consider the interests of towns that have been
built up by special rates for their manufactures, the mer
cantile business that in remote quarters has been sustained
at leash
through the privilege of getting raw material at low rates
Money abroad is even cheaper than it was last week.
from a distance, the export trade made possible by draw
The discount rate for 60 day to 3 months bank bills at
backs, the farmers in the remote W est p e d d l i n g their
London is
per cent, and at Paris and Berlin the open
AnuL
9, 1887.]
THE CHRONICLE.
wheat in New Y ork as cheap as the New Y o rk farmer
oan send it here, the sugar refiner and the cotton goods
manufacturer o f the East shipping their products to
Ohina;__when these Commissioners have grappled with
all these and a thousand other similar problems, they and
the public too will begin to comprehend as never before
the crude and childish measure which Congress has
passed.
It may be claimed that the Commission
will regulate and m odify every unwise feature and
make the whole machine
work
without a jar.
I f we could believe it had any
authority
for
what it is doing or that their decision in such
circumstance ■ was any protection to the roads, we
■hould have faith too. But according to our view a
greater burlesque on language could not be contrived than
the decision of the Commission this week respecting the
long and short haul clause.
I f it is correct (and we wish
it were with all our heart) then the proviso grants the
power to make the section meaningless, and hereafter the
words ((special cases” in a statute must be construed as an
oversight in the legislator, to be understood in a Pick
wickian sense. On the other hand, if the decision is
alearly extra judicial, how can it protect any one ?
One of the incidents that has grown out of the enact
ment of the Inter-State law, is the attempt o f the trunk
lines to stop the paying of commissions. This has led this
week to a till between the Eastern and W estern roads.
In the agreement to abolish commissions were included
all the trunk lines, the roads in the Central Traffic A sso
ciation, as well as the New England and the Southern
roads— in brief, the whole net-work east o f Chicago and
St. Louis. W est of those points, however, there was an
apparent disinclination to become a party to the new
arrangement. Accordingly, the Eastern lines refused to
keep on sale the tickets of any road continuing the prac
tice of paying commissions.
This has incorrectly
been
termed a boycott.
In reality it is noth
ing of the kind.
It is merely an attempt to
remove every possibility of violating either the letter
or the spirit of the new law, and at the same time to
weed out an abuse at once demoralizing to the railroads
and detrimental to the public. Commissioner Pierson
estimates that between four and six millions a year are
paid out for commissions, but aside from the magnitude
o f the drain, the trunk-lines are forced by the law to dis
continue the practice. Commissions themselves are per
haps not in conflict with the statute, but it is well known
that it is almost impossible to prevent agents from shar
ing such commissions with the ticket buyer, and thus
there would be a two fold violation o f the law— 1st, in a
failure to observe agreed rates, and second in causing a
discrimination as between the party securing a reduc
tion in this way, and those buying in the regular way
and not securing the reduction. Evidently, therefore,
to avoid the penalties o f the law, the railroads were
compelled in self-protection to take the step they have.
But as a mere matter of principle, the step would seem to
be a wise one. It is not to the interest o f the public that
commissions should be paid, because they are a tax on
the traveler. If the railroads can afford to pay them, abol
ishing them must lead to lower fares. That doubtless will
be the effect later on— in fact, Commissioner Pierson
openly declares that he thinks the saving will ultimately
inure to the people at large. W e do not see, therefore,
why any conservatively managed road should oppose the
Eastern lines in this matter. O f course united action is
necessary, for if any considerable bod y o f roads maintain
the practice, the others may be obliged to resume it. Indi«ation^ however, point to the success o f the m ovem ent
449
W e have deferred publishing our regular m onthly state
ment of earnings till next week, so as to be able to give it in
the usual complete form. Sufficient returns have however
already been received to make it certain that the exhibit
will be an excellent one— better by far than the February
statement, and only a little way behind the extraordinarily
favorable statement for the month o f January. W e have
sixty-eight roads complete for the month, and they show
earnings o f $18,933,784 this year, against $16,171,884
last year, the gain being $2,761,900, or over 17 per cent.
In February 101 roads had a gain o f $1,736,726,
and in January 97 roads had a gain o f $3,828,885.
There are only a few lines that report diminished
earnings, and these mostly all minor ones. Southern and
Southwestern lines present perhaps the best record, and
they certainly show the largest amount o f gains, but
noteworthy increases also come from other sections o f the
country, the trunk lines and their connections being
among these, and some o f the Northwestern roads also
being distinguished in this way. There undoubtedly w ai
a hurrying forward o f freight during March, so as t#
avoid the paying of the higher rates that went into force
in A pril as the result o f the Inter-State law, and this cir
cumstance has made the gain larger than it otherwise
would have been. On the other hand the cotton move
ment at the ports this year in March was smaller than
last year and the grain receipts at W estern ports, as a
whole, were also not quite equal to those of 1886. ;
The stock market this week has been strong, with a
further rise in the specialties.
Operators with great
persistency adhere to the belief that we are to have
easier money, albeit the money market has as yet given
no indication o f such a course, and they are inclined to
be less circumspect than heretofore. The coal properties
have been made a feature o f the speculation, the argu
ments used being the higher tolls and higher prices for
coal, the establishment o f complete harmony between the
Pennsylvania and the Reading, and the large gains in
earnings reported by the latter. Under these influences
the price o f Reading has risen from 39 to 43, and
Lackawanna and Delaware & Hudson have followed in
the same wake.
The announcement o f the intention to
build a connecting link to unite the Louisville & Nash
ville and the N orfolk & W estern has helped the stocks of
those roads, and various specialties like the St. Louis k
San Francisco, the St. Paul & Duluth, the Mexican Cen
tral, and Atlantic & Pacific incomes, have been m oved up
on causes special to themselves. The action o f the InterState Commissioners in making a wholesale suspension o f
the long-and-short-haul provision has benefitted the
market generally, the street being satisfied to see business
relieved, and evidently not bothering much as to whether
the suspension is in strict accordance with the law.
There was no market yesterday on account o f G ood
Friday, but the close on Thursday was strong. There
has been considerable realizing du rin g the week, for
which buyers have been found, but it does not appear
that the outside public is interested in the market to any
great extent.
The following statement, made up from returns c o l
lected b y us, shows the week’s receipts and shipments o f
gold and currency b y the New Y o rk banks.
Week ending April 8,1887.
Received by Skipped by
N. T. Banka. Rf. F. Bank».
t 680,000
12,637,000
700.000
Loss..$1,057,000
Loss.. $700,000
1680,000
18,387,000
Loss..12,657,000
G old ................................................
Total gold and legal tenders......
Set Interior
Movement.
The above shows the actual changes in the bank hold
ings o f gold and currency caused by this m ovem ent to and
450
THE CHRONICLE.
from the interior. In addition to that movement the banks
have gained $3,200,000 through the operations of the
Sub-Treasury. A dd in g that item to the above, we have
the following, which should indicate the total gain to
the New Y ork Clearing House banks o f gold and cu r
rency for the week covered by the bank statement to be
issued to day. It is always to be remembered, however»
that the bank statement is a statement o f averages
fo r the week, whereas the figures below should re
flect the actual change in the condition of the banks
as between Friday of last week and Friday o f this
week.
Into Bank*. Out of Banks. Net Change in
Bank Holdings
Week ending April S, 1887.
Banka1Interior Movement, as above
(680,000
9,900,000
(3.337,000
6,300,000
Loss. .(2,657.000
Gain.. 3,200,000
Total void and lesa) tender«.... (10.180.000
(9.637.000
Gain.. (943.000
The Bank o f England lost £533,000 bullion during
the week. This represents, as stated above, £309,000
net received from abroad and £342,000 sent to the
interior. The Bank o f France shows a decrease of
3,425,000 francs gold and o f 325,000 francs-silver, and the
Bank o f Germany, since the last report, lost 19,860,000
marka The following indicates the amount o f bullion in
the principal European banks this week and at the
corresponding date last year.
A pril 8, 1886.
A pr. 7 , 1887.
Gold.
Gold.
Silver.
Silver.
XLIY,
tive disbursements, and we would not attempt to question
his conclusion. But if one looks ahead, taking in the
last six months o f the calendar year, the matter, at least
to an outsider, does not seem quite so satisfactory. Senator
Allison, since Congress adjourned, has made up the
appropriations of last Congress for the year beginning
July 1st at 247£ million dollars, against 264 million dol
lars the previous year. His total omits for both years the
sinking fund requirem ent; it includes, however, the whole
appropriation o f $6,900,000 for Mexican war pensions, of
which $2,300,000 are available before the beginning o f
the coming fiscal year. It also omits the amount the
trade dollar bill calls for, which is a very important fact
in the current situation, since these dollars as presented
become immediately available for the relief o f the Treas
ury. But as there were $3,859,594 o f them redeemed in
March (if there are but 7 million in all, as the Mint
estimated them), there can be only about 3 millions out
standing on A pril 1 st; so that the disbursements re
quired on that account are nearly at an end. Altogether,
then, we cannot discover any reason for believing that
the legitimate calls on the Treasury after July 1st on
account o f appropriations or other acts o f the late Con
gress can equal last year’s total. W ith this fact in mind,
it will be interesting to note the cash holdings o f the
Treasury at certain dates covering the last calendar year
and the months o f this year.
U. S. Treasurer's
net holdings of
Jan. 1,
1886.
July 1,
1880.
Jan. 1,
1887.
March 1,
1887.
April 1,
1887.
£
£
£
£
21,921.910
Bank of England . . . . . . . 24,237,293
Bank of Franoe .... . . . . 47,657.003 46,064,278 51,191.613 44 418.640
Bank of Germany............ 19,686,320 17,457.680 17,978.660 15,943,310
Gold...................... (117,901,808 (150,793,749 (170,912,413 (175,130,261 (181,939,841
Silver.................... 70,335,706 96,229,539 75,998,915 81,082,187 74,521,741
U. S. Notes..........
27,911,300
22,809,317
23,169,320
25,689,202
91,580,616 63,521.958 91,392,213 60.391,980
Total this w eek......... .
Total proviens week . . . . 92,778,108164,007.339 91,751,586 60.303,970
Bank Notes.. . ...
1,838,898
194,014
227,005
217,922
200,029
Fractional Silver.*
23,823,275
29,282,496
23,792,358
20.595,715
20,752,073
The Assay Office paid $267,691 for domestic bullion
through the Sab-Treasury during the week, and the A s
sistant Treasurer received the following from the Custom
House.
Consisting o f—
Date.
Duties,
Gold.
Apr.
14
44
41
44
1.
2.
4
5
6.
7.
Total.
79
03
41
26
26
00
$5,000
4,000
2,000
5,500
4,000
4,500
$2,636 937 75
$25,000
*273,193
256.110
418.686
772,431
627,536
358,980
U. S.
Notes.
Gold
Certifie's .
Silver Oertificates.
$158,000
173,000
315,000
592,000
417,000
263,000
$43.000
40,000
62,000
82,000
51.000
44,000
$368.000 $1,918,000
«322,000
$67,000
38,000
70,000
91,000
56,000
46,000
Included in the above payments were $7,000 in silver
coin, chiefly standard dollars.
GOVERNM ENT
SURPLU S AN D
CHANCES.
CURRENCY
The peculiar interest which is necessarily associated
with Government financial operatioas m ikes a review o f
the first of A pril Treasury figures quite essential. It is
hardly needful to say that the present total holdings of
cash is not the point to which an investigation is chiefly to
be directed, as that is the most obvious feature of every
monthly statem ent; but it is more the variations in those
holdings, the character of later disbursements, the changes
in our currency which are thus taking place, and the pros
pect as to future disbursements that call fo r and will
attract closest scrutiny.
Taking the latter point first, every one already knows
that so far as the last month (M arch) is concerned, the
Treasury paid out more cash than it received. A s to
future months, Secretary Fairchild is reported to be con*
fident that he can keep his balance from accumulating
during the Summer. O f course the Secretary’s position
21,159,938
Total............... (¿32,430.917 *305,308,115 *290,100,107 (309,315.287 (304,574,828'
* In clu d in g m inor coin.
This shows us that in 1836, between January 1 and July
1, the cash holdings in the Treasury increased nearly 23
millions ; and that between the latter date and January 1,
1887, the holdings, even with the appropriations and bond
calls of that period, only decreased about 9£ m illion s,
but since J a n u a y 1, notwithstanding the 4 f millions
loss in March (which loss in March is by the way
almost wholly apparent, since the $3,859,594 trade
dollars, equal to about 4 million standard dollars, are
still in the Treasury as a silver asset), they have in
creased again nearly
million dollars. A s to bond
calls last year, the Treasury redeemed 10 millions on
the first o f each monlb, beginning with February 1st, up
to and including June 1st, but the call maturing July
1st was only fo r 4 million dollars.
Tnis year the
redemptions have been, and will be up to the same
date, about equal in amount, except that the call maturing
March 1st, 1887, was $13,887,000 and the amount o f the
three’s left for Jaly 1 this year will be (on the supposition
that a call for ten millions due June 1 will be issued) about
9 million dollars. So that altogether up to July 1,— with
the help o f the trade dollar and bond redemptions and
the portion of the Mexican pension payments allotted to
the current fiscal year,— if there is no great increase in
revenue, the resources o f the Treasury for keeping its
surplus down would seem, perhaps, to be ample. But
from the start o f the new fiscal year, the conditions
differ materially. W e have already noted the falling
off in the appropriations— not large, but o f considerable
moment under the circumstances. Tne trade dollar re
demptions will certainly by that time have been almost
wholly completed, and only $4,600,000 o f the Mexican
pension appropriation will be left. These, however, are
enables him to estimate with great accuracy, the prospec matters o f small importance compared with the fact that
THE CHRONICLE.
A pril 9, 1887.]
the bond calls which matured from A ugust 1 to December
l 1886 reached a total o f 73 million dollars ; while this
yU r there will be no bonds to call, purchases in the open
market being the only recourse. W e cannot under these
circumstances help thinking that the Secretary will find
his task during the last half of the year an extremely diffi
cult one.
But aside from this question o f Treasury accumulations
and surplus, there is another change in progress which we
have often remarked upon and which it is desirable to
keep in mind. W e refer to the rapidity with which our
currency is being saturated with silver and its represen
tatives. W hen the small certificate act was passed we
immediately called attention to its availability as an in
strument for vitalizing the Treasury’s dead asset, silver
dollars. Since then this purpose has been carried out,
being greatly aided through the revival of business and
the wide demand for currency in the interior. Beginning
with August 1st, 1886, which was the date when the
Treasury held a larger net amount o f silver than has been
reported any month during this administration, we find
that through the issue o f certificates and coinage it has
since that date and up to A pril 1 put afloat the following
451
the Government. Thus, taking August 1 again as the
starting point, we find that on A pril 1 the Treasury had
increased its holdings o f silver dollars $20,148,448 ; what
is more significant is that the most o f this gain was sub
sequent to January 1st, standard dollars having increased
$13,166,134 in the last three months, or $4,275,754 in ex
cess o f the coinage. This proves that trade even in its pres
ent active state does not need, and therefore will not keep
in use, both the paper and the silver dollars. B y and bye
we will have another fact proved, and that is that these
small silver certificates can be issued in excess; for when
the supply afloat becomes equal to active business wants,
any return of quietness will be accompanied with their
accumulation at our various trade centers and finally at
N ew Y ork , until they become a nuisance here. O f course»
when that is the case, they will be poured into the Custom
House as fast as possible ; so we see the wisdom on the
part o f Secretary Fairchild in keeping his gold stock
large, for natural laws, like penal statutes, always have a
penalty attaching to their disobedience. TV e might, to be
sure, have gold and gold certificates for our currency, but
being a queer folk we prefer to run the risk o f silver and
keep the gold on guard to watch it.
aggregate*
Net Bilver in tbe Treasury Aug. 1 ,1 8 8 6 .................................. $97,745,950
Net silver in the Treasury April 1 ,1 8 8 7 .................................. 74,521,741
Decrease in Treasury holdings in 8 m onths.............................$23,224,209
Coinage of Bilver dollars from Aug. 1, ’ 86. to Apr. 1, ’ 87—
22,650,741
Total dollars and certificates put afloat in 8 m onths—
Fractional silver and minor coin:
Decrease in Treasury, $2,175,244; coinage, $1,380,566—
$45,874,950
3,555,810
Total silver and minor coin put afloat in 8 m on th s....... $49,430,760
The foregoing shows that o f dollars and their repre
sentatives $45,874,950, and including silver and minor
coin $49,430,760, have been put afloat since August 1
In this connection it is well enough to correct an error
which seems to prevail to some extent, to the effect that
the above total is wholly an addition to our active cur
rency. That is by no means true. W h ile silver certi
ficates have been issued gold has been accumulating. In
fact the figures first set out above show that from July,
1886, to April, 1887, there has been only about $750,000
decrease in the net currency holdings o f the Treasury
even including the decrease o f nearly
millions small sill
ver, so that the actual enlargement of the active currency by
means of silver during the period covered by the above
is measured by the amount of the coinage.
Another fact worth noting is that as these small silver
certificates are issued, silver dollars are rapidly returning
to the Treasury. This is as we anticipated, and perfectly
natural; and we only call attention to it for the enlighten
ment of those who think that the circulation and the
manufacture of currency are equally within the power of
* Through the kindness of Secretary Fairchild we have received the
follow ing statement o f silver certificates printed, issued, redeemed and
outstanding April 1st, 1887. It will be noticed that the ones and tw os
now outstanding reach $17,599,730, and that the total issues under the
new law (that is including the fives also) amount to $21,958,980.
Denomin Printed and
Deliv’d to
ation.
Ureas'r Tf. 8.
$ 1 .............
$2.............
$5.............
$10...........
$20........
$50...........
$100.........
$500.........
$ 1 ,0 0 0 ....
Issued.
Balance in
Office o f
Treasurer Redeemed.
unissued.
Outstand
ing.
$
$
$
$
$
10,980,COO 10.980.000
47,439 10,932,561
6,680,000
6,680,000
12,831
6,667,169
4.360.000
4.360.000
750
4,359,250
90.000.
000
90,000,000
33,986,746 56,033,251
78.280.000 78.280.000
29,169,490 49,110,510
9.800.000
8.300.000 1,000,000 3,890,225
4,909,775
13.600.000 10.600.000 3,OCO,O0O 7,160,300
3,439,700
12.000.
0009.000.
000
3.000.
000
8.367.000
633.000
16,000,000
9.000.
000
7.000.
000
8.540.000
460.000
Totals... 241,700,000 2 2 7 ,7 0 0 /0 0 14,000,000 91,154,781 136,545,219
The above does not include silver certificates, issue o f 1878, o f which
$30,950,000 were issued .and only $1,593,119 were outstanding April
L 1887»
A N E F F O R T TO S E T T L E T H E V IR G IN IA D E B T
The V irginia debt matter has entered upon a new
phase, and one more pleasing and promising than any that
has been noticed for a long time past. It is nothing more
nor less than the appointment of a committee, composed
o f members o f the V irginia legislature, to meet a commit
tee o f the foreign bondholders and confer with them, and,
if pQSsible, bring about a settlement o f the troublesome
difficulties.
This step is so far in advance of anything that has here
tofore been done that no one who takes any interest or
pride in the welfare and reputation o f the old com m on
wealth, can fail to hail it with satisfaction. O f course,
nothing substantial has yet been accomplished, and the
present effort may miscarry, as have other efforts, but the
spirit in which the meeting has been arranged gives
promise o f good results. In any dispute, when a point is
reached where the parties to it are willing to come to
gether to discuss matters in a fair and amicable way, a
great advance has been made towards reaching an agree
ment, and we prefer to believe that the V irginia case will
not prove an exception to the rule. Besides, such a
course in the present instance is the only practical and
sensible one. Neither side has anything to gain by hold
ing out for any particular scheme, the bondholders no
more than the State. I f the latter cannot afford better
terms than those previously offered, it is in the last degree
desirable that the bondholders should be convinced o f
that fact. On the other hand, the State on its part can
have no objection to an examination and investigation to
establish the correctness o f that claim.
The preliminaries with reference to the meeting were
arranged through correspondence by cable, and the repre
sentatives of the bondholders will start from the other
side immediately— the debt being held in large part
abroad. The Council o f Foreign Bondholders, London,
are the parties that appear in the negotiations, they acting
as agents o f the bondholders in conjunction with a com
mittee o f the bondholders. The Council o f Foreign Bond
holders is a body specially constituted to undertake nego
tiations o f this kind, and we are told that “ it is precluded
“ by its charter from dividing any profits among its mem“ bers.” The committee on the part o f the legislature is
composed o f the Lieutenant-Governor and three members
o f the Senate, and the Speaker and five members o f the
452
THE CHRONICLE.
House o f Delegates, making ten altogether. It would
Urns appear that both in the case of the bondholders and
the State the committees are representative in character,
there being an obvious advantage in having the State
represented by its direct agents, Senators and Delegates,
rather than by other parties in the State, and this should
increase the chances o f a satisfactory settlement. Toe
scope o f the investigation, it would seem, is to be suffi
ciently comprehensive to cover all questions appertaining
to the matters at issue, such as determining the State’s in*
come, its necessary expenditures, and the limits o f its
ability to pay interest. The legislative committee has not
only already been appointed, but as additional evidence of
the State’s good faith, we have the adjournment of the
legislature till A pril 27, to await the arrival o f the
representatives o f the bondholders.
It was the primary object o f the summoning o f the
present extra session of the legislature to effect a settle
ment o f the debt question, and the arrangement now come
to is the direct outgrowth o f Governor Lee’s endeavors in
that direction. In his message, last month, the Governor
took pains to state that the question o f the financial ability
o f the State would seem to be the sole point o f difference
between the Commonwealth and her creditors. H e then
went on to repeat his recommendation for the appoint
ment o f a commission whose duty it should be to dem on
strate to a similar commission from the bondholders, as is
now to be done, the exact facts and figures regarding the
State's receipts and expenditures. A s early as last Octo
ber, however, the Council o f Foreign Bondholders had
written to the Executive, disclaiming any feeling o f hos
tility towards the State, and inclosing a copy of the reso
lutions passed at a meeting of bondholders on the 24th of
September, expressing a willingness to meet the State
in a fair and liberal spirit and to accept a compromise of
their demands.
N o extended reference is necessary to the various acts
that have led up to the present situation and are responsi
ble for the embarrassments and difficulties besetting the
State in this debt matter. They all grow out o f the
State’s having on several different occasions issued bonds,
with coupons receivable for taxes, and then sought to get
rid o f and repudiate the tax receivable feature. Back in
1871 the State funded its old debt to the extent o f twothirds of its amount (deferred certificates fo r the remain
der being given to represent what the State arbitrarily
assumed ought to be W est V irginia’s portion o f the debt)
into consolidated bonds with coupons tax receivable. In
the very next year (1872) the tax-receivable part was
repealed. In 1879 it was supposed a settlement had been
•ffected through the passage o f the McCulloch law, p ro
viding for the funding of the debt into new bonds (10-40s
they are called), bearing only three per cent interest for
ten years (the consols are six per cents), four per cent for
twenty years and five per cent for ten years, the coupons
being, as in the case o f the consols, made good fo r taxes.
Some seven millions of the debt was actually exchanged
in this way, but a little later Riddleberger and Mahone
appeared on the scene and nullified everything.
Since then the State has been engaged in a constant
struggle to baffle the bondholders in their efforts to
enforce the tax receivable clause. The highest court in
the land has time and again decided that this con
stitutes a contract between the State and the bond
holder, which the form er can not evade. But b y one
device or another the State has sought to obstruct the
bondholder in the exercise o f the right, and though the
Court would not sanction these methods, and in nearly
«v ery case sustained the bondholder, yet no sooner was
[VO L. XL1Y.
one obstacle brushed aside than the State was ready with
another and still more troublesome one, till it almost does
seem as if Governor Lee were right in referring to the
bondholders’ victories as mere “ illusory triumphs,” “ pos
sessing no substantial advantages.” E?en now there is a
measure before ¡[the Legislature, which excels all other
attempts of this kind, and which seems to be held in abey.
ance merely because it might, if passed at this juncture,
be construed as in the ^nature o f a threat against the b on d
holders. It provides that all taxes or licenses in payment
o f which coupons have^been’ tendered and refused, may
be recovered in the name o f the Commonwealth; that the
burden o f proving the tender and genuineness o f the con*
pons shall be on the defendant; that every motion made
under the act shall be tried b y a jury, and that in every
case the expense shall be taxed against the defendant
whether the cause is decided in his favor or not.
In the circumstances, then, does it not seem as if th«
time were ripe for mutual concessions and a com pro
mise ? Suppose the State really cannot afford to offer
bettsr terms.
In that case, it is clearly for the interest
o f the bondholders to accept said terms rather than to
pursue a profitless search for something more. L et it be
remembered that the Riddleberger scheme has failed of
acceptance, not only because o f the heavy discount at
which the bonds are to be funded, but because the bond holders were not at all consulted in the matter and re
ceived no consideration at the hands o f the State. The
feelings o f the bondholders at such treatment is well
voiced in the letter o f the Council o f Foreign B ond
holders to Governor L3e, already referred to, when, after
alluding to that fact, they state that they ask for com p ro
mise by consent, not by coercion.
It seems to be agreed that a settlement must b e com
passed within the present rate o f taxation. That is the
idea expressed in the Governor’s message, and the bond
holders in their lesolution of September 24 last distinctly
stated that they were ready for a compromise “ based on
the -ability of the State to discharge its obligations with
out raising the present rate of taxation.” W e should
think, too, that were the wiser course. I f the matter
involved concerned one o f our Northern States we should
unhesitatingly advise the bondholders not to abate one jot
or tittle of their claims. A s it is, we counsel moderation,
prudence and forbearance. The character o f the popula
tion and the exigencies of the political situation must be
taken into account. F orty per cent of V irginia’s popula
tion consists of ignorant blacks upon whom arguments as
to the expediency o f National honesty are completely lost.
Then the baneful influence and ceaseless political activity
o f the Mahone and Riddleberger people must also be kept
in view. W e may rest assured that this class would utilias
any real or supposed advantage obtained b y the bond
holders to further their own political prospects. In this
way they might be able to upset the agreement after it
had been put into effect. W h at is wanted, however, as all
know, is an arrangement that shall be permanent and
final. That is especially desired in the interest o f V ir
ginia’s welfare and progress. H er material resources can
not attain full development while there is a cloud hanging
over her financial integrity.
C L E A R IN G S A N D B U S IN E S S .
Figures o f bank clearings are not an exact test o f tbs
business conditions ruling, but when properly interpreted
and examined in the light o f current events, they afford,
in comparison with similar figures for other years, some
indication as to the course o f trade. W e have just com
piled the clearings for the first quarter o f the year, and
ITHE CHRONICLE.
453
o f Stock Exchange dealings. W ith this explanation we
for special reasons the record o f transactions for this period
is invested with more than the usual degree of interest. give the following summary o f the total clearings in the
In the first place, these three months mark a time of three months.
MONTHLY CLEARINGS.
great inactivity in stock speculation on our Exchange, the
Clearing« Outside New York.
Clearings, Total AH.
revival the last few days o f March not counting for much
Month.
P.OU
1886.
1837.
P
.C
t
1886.
1887.
in the general result. But more important still, they
$
$
t
r
l
mark the end o f the old era under which railroads were
January.... 4,864,510.018 4,142,889,849 +64 1,401,823,958 1,260,710,954 +10*7
free to regulate affairs according to the demands of trade, February... 8.688,103,045 3,847,148,133 —4-1 1,214,819,274 1,101.640,392 +10-8
4,328,301.983 4,171,451,219 +3'8 1,491.933,500 1.200,874,777 +17-B
*nd the beginning o f a new era in which a different order March.........
Total...... 12,380,915,051 12,160,839 201 +1-8 4,108,570,741 3,634,726,123 +13*9
of things is subsituted, the effects o f which upon trade
The result is just as we should expect. Including New
and business, as reflected in the bank exchanges, it will
York, and thus including the stock transactions, the gain
be important to note hereafter.
With reference to the falling off in the stock transac on last year is very slight (1-8 per cent), but excluding
tions, this was a feature of growing importance during the New Y o rk and hence excluding the stock transactions
quarter. Taking simply the actual number o f shares sold, embraced in the same, the gain is quite satisfactory— 13
Stated in another way, outside o f New Y o rk
w e find that in January the aggregate sales were 8,147,. per cent.
the
record
o f exchanges shows a large ratio o f gain. It
127 shares this year, against 8,672,154 shares in January,
1886, a falling off of 525,027 shares; in February the will be noticed, too, that this bas been the case in every
»ales were 7,214,112 shares, against 9,410,897 shares, a one of the three months. Taking, however, the total
falling off of 2,196,785 shares ; and in March the sales including New Y o rk and adding to this year’s aggregate
were only 7,145,305 shares, against 10,152,078 shares in 1,500 millions to represent the falling off in stocks, we
1886, a decrease o f 3,006,773 shares. Thus with each get an even heavier ratio o f gain than outside of New
month the contrast between this year and last in this Y ork, the increase reaching about 14 per cent. Taking
respect became more striking, while for the three months now New Y o rk alone, we find that the clearings for the
the aggregate of sales reaches only about 22£ million quarter this year were 254 million dollars below those of
ihares, against nearly 2 8 f million shares in the cor re- 1886. A s this includes the stock transactions whioh we
«ponding period o f last year, the decrease being 5 f mil - have seen fell off 1,500 millions, it follows that the ordi
lion shares, or over 20 per cent. W hen we come to the nary clearings in New Y o rk have shown an increase o f
value of the sales, the disproportion between the two over 1,200 millions. Eliminating the stock transactions
years is even more marked. Here is a statement showing altogether in both years, the 1887 total fo r New Y ork
both the par and market value o f the transactions in the stands at 5,356 millions, and the 1886 total at 4,110 mil
lions, the gain being more than 30 per cent. The con
three months of the two years.
clusion, then, is, that excluding the Stock Exchange busi
BALES o r STOCKS AT THB NEW TORK STOCK EXCHANGE.
ness New Y o rk shows a large ratio o f improvement, and
1886.
1887.
instead o f lagging behind the rest o f the country, Is in
Jbn
Number
of Share«
Values.
Par.
Actual.
Number
of Share».
Par.
Values,
' Actual.
$
1
$
*
Jan.... 8,147,127 712,098,400 414,449,380 8,679,154 790,683,975 570,361,697
Feb.... 7,214,119 687,608,950 872,351,431 9,410,897 818,717,825 587,460,315
March. 7,147,805 640,985,850 879,692,567 10,152,078 853,773.952 008,511,278
Total..'22,308,544 1,997,683,200 1,166.496,378 128,235,129 2.403,175,762 1,706,842,290
Thus in January the market value of the sales was 156
millions less than in that month of 1886 ; in February
there was a decline of 215 millions, and in March a decline
of 229 millions. In other words, in these three months
there was a falling off o f almost exactly 600 million dollars
in the market value o f the stock transactions. The con
traction equals over 33^- per cent. W e have seen that in
the case of the number o f shares sold the decline was only
20 per cent. The larger decline in the case of the values
indicates that the average price this year was much less
than in 18§6, and this in turn shows that the dealings
were not on’ y o f smaller volume, but that they were in
great part confined to the lower-priced instead o f the bet
ter class of shares— a feature which any day’s stock list will
make manifest
W e have dwelt upon this falling off in the stock trans
actions because it has an important bearing upon the totals
of the clearings, and because we cannot properly interpret
these clearings unless we bear that fact in mind. A fall
ing off of 600 millions in the value o l the stock sales rep
resents, on the basis o f two and a half checks to each
transaction, a falling off in the clearings o f no less than
1,500 million dollars. That i3 to say, by this contraction
in Stock Exchange speculation, the amount o f the clear
ings was diminished to that large extent. In other wordp,
if we would make a proper comparison o f the clearings
arising from ordinary or legitimate business, we must
allow for this heavy decrease in the exchanges on account
advance of it.
Comparing the 30 per cent increase arrived at in this
way with the total clearings o f other sections, we find that
in the New England States the ratio o f gain is only 3-8
per cent, in the Middle States it is 13*4 per cent, in the
Western section it is 19 8 per cent, in the Southern States
it is 1 9 f per cent, and in San Francisco 20-9 per cent.
W e give our detailed statement on another page, with t he
changes for each city. This shows that only Galveston
besides New Y o rk records a diminished amount o f total
clearings for the three months o f this year. Some cities
are distinguished for exceptionally heavy ratios o f gain.
Thus Kansas City has 60 per cent increase, St. Joseph
53£ per cent increase, Memphis 37£ per cent, St. Paul 47
per cent, Denver 29£ percent, Omaha 7 I f per cent, P eo
ria 56 per cent, and Cleveland 41 per cent. These are
all places that have undergone great development in
recent periods, and hence naturally record expanding
totals o f clearings. But there is also a special feature
which in many o f these cases is responsible for part o f the
increase. W e refer to the active speculation goin g on
in real estate.
Many States are experiencing a veritable boom in real
estate values. The movement began in the South in the
neighborhood o f Birmingham and Chattanooga (ore and
mineral lands), extended to Georgia, Virginia and adjoining
sections, then advanced North and West, touching Kansas
City, Louisville, St. Joseph, Omaha, &c., and now embraces
nearly all the more progressive cities. T o a large extent
thi3 advance in real estate is justified, there having during
the last decade been in many cases considerable develop
ment without a corresponding increase in the values
o f real property. T o a certain extent, also, we m ay
suppose the movement is purely speculative. But what»
454
THE CHRONICLE
ever its origin or merits, the activity in this class of
property tends both directly and indirectly to swell the
volume o f exchanges, and that is the point we wish to
bring out.
COTTOA
C O N S U M P T IO N
AND
M O V E M E N T TO A P R IL
OVERLAND
1.
W e have this week compiled our usual statements of
overland, receipts, exports, spinners’ takings, &c., and
present them below. The results now cover the period
from September 1 to A pril 1.
OVERLAND MOVEMENT TO APRIL 1.
The marketing o f cotton by rail during March has been
on a very liberal sca le; in fact, the movement overland
largely exceeds that for the corresponding month in any
year since we began our record. This large amount is
reported to be the result o f shipments hastened because o f
change in tariff rates on the 5th of April, when the InterState Commerce law went into effect. The m onth’s gross
aggregate is 165,515 bales, against 103,666 bales in 1886
and 88,361 bales in 1885. It is proper to state, however,
that in reaching the present heavy result the interior
stocks have been drawn upon to a much greater extent
than in the previous y e a r ; St. Louis and Memphis holding on A pril l considerably less than one-half the amount
that was in stock on the corresponding date a year ago.
F or the seven months the total movement exhibits an
excess over the like period of 1885-86 of 155,697 bales,
while in comparison with 1884-85 the gain is 304,225
bales. In the net the increase over previous years is not
so decided as in the g r o s s ; the gain, however, is large,
the month’s net having been 97,162 bales, against 65,511
bales last year and 54,400 bales in 1885. The net for the
seven months records an excess over the corresponding
time in 1885 86 of 37,750 bales, and contrasted with
1884-85 the gain reaches 164,213 bales. Below we give
the details o f the whole movement overland.
OVERLAND FROM SEPTEMBER 1 TO APRIL 1.
1886-7.
1885-6.
1884-5.
378,878
167,141
125,174
12,253
76,375
24,772
7,651
96,894
28,367
96,530
123,201
9,817
349,695
160,672
73,448
15,933
39,175
33,045
16,454
60,039
58,881
90,266
83.821
9,927
248,892
131,815
150,110
15,050
33,452
39,087
15,987
37,620
31,700
65,057
69,343
4,715
Total gross ov e rla n d .......................... 1,147,053
Deduct—
R eceipts overland at N.Y., Boston,Ac. 235,852
Shipments between (or South from)
Western interior t o w n s .....................
41,082
Deduct also Shipments inland and XaTc~
ings f o r Southern Consumption
from the follow ing Southern ports—
G a lv e sto n ...............................
New Orleans............................................
39,348
M o b ile ......................................................
15,267
1,562
S avannah................................................
C harleston...............................................
5,137
North Carolina p o r ts .............................
587
Virginia ports..........................................
37,823
991,356
Shipped since September 1—
Prom St. L o u is ..........................................
O ver Illinois Central................................
Over Cairo & Vincennes..........................
Over the Mississippi River, above St. L,
Over Evansville & Terre H a u te ............
Over JeffersonviUe Mad. & Ind...............
Over Ohio & Mississippi Branch............
Over LouisvllleCinoinnati A Lexington.
Receipts at Cincinnati b y Ohio R iv e r...
Receipts at Cincinnati by Cin. South’rn
Over other routes.......................................
Shipped to mills, not inoluded a b o v e ...
221,478
57,117
decline, so that fo r the full month the total is 258,332
bales, against 283,645 bales last year, or a loss of 25,313
bales.
In comparison with March o f 1885, however
there is an increase o f 94,829 bales. In the total for the
seven months there is an excess over the corresponding
period o f either o f the two preceding years. Exports to
foreign ports during the month have been decidedly
heavy, reaching 486,179 bales, which compares with 334,.
121 bales in 1836 and 232,184 bales in 1885. The result
is that the aggregate for the season to date exhibits a
very large increase over the similar period of 1885-86 and
1884-85. It will be noticed that the Continent does not
participate in the increase, the exports thence since Sep
tember 1 being some 55,000 bales less than last year.
Port stocks are now 319,520 bales less than on A pril 1
last year, while the decline from last year in the stocks at
the interior towns is over 190,000 bales. Oar usual table
covering receipts, exports and stocks is appended.
Movement from Receipts Receipts EXPORTS SINCE SEPT. 1, 1880, TO—
since
since
Stocks
Sept. 1,1886, to
Sept. 1, Sept. 1, Great Prance. Conti
April 1. 1887.
Total. April 1.
1880.
1885. Britain*
nent.
Galveston......... 601,911 054,291
in di anola, Ac..
781
New Orleans.... 1,002,997 1,007,949
Mobile.............. 209,821 234,014
Savannah .........
Brunswick, Ac.
Charleston.........
Port Royal,Ac.
Wilmington......
Moroh’d C., Ac.
West Point,Ac.
New Y ork.........
Baltimore..........
Philadelphia,Ac.
22,893
780,917
31,311
359,702
10.810
133,105
8.735
518,504
318,152
87,144
94.593
03,815
40,300
Total 1880-87.... 5.035,803
49,760
788,797
15,018
452,837
12,899
95,735
7,320
499,750
245,713
49,994
88,223
45,638
87,023
252,180
30,352
653,288
41,903
314,501
225,135
8,024
90,453
18,648
242,410
43,966
135,771
486,103
8,024
270,190
90,823
7,900
10,857
109,040
10,084
260
2,622
3,900
8,406
186,258
1,346
20,172
3,074
325,339
08,178
622,857
128,004
122,572
45,380
11,057
8,200
227,915
6,500
11,884
23,700
550,855
321,439
87,022
397,299
120,658
87,075
42,306
2,150
39,300
8,725
90,059
378,591
21,277
334,581 1,302,430
41,900
209,179
7,152
10,905
2,424,808
405,602 1,048,834 3,939,304
Total 1885-86....
4,830,332 1,813,497
335,801 1,103,001 3,252,899
870,875
Total 1884-85....
4,502,914 2,108,132
341,155
085,141
015,432 3,304,719
* Great Britain exports include to the Channel.
Using the facts disclosed b y the foregoing statements,
we shall find that the portion o f the crop which has reached
a market through the outports and overland, and the
Southern consumption since September 1, this year and
the two previous years, is as follows.
1886-7.
1885-6.
1884-5.
Receipts at the ports to April l....b a le s . 5,035,803 4,836,332 4,562,914
Net shipments overland during same time 720,395 682,645 556,182
Total receipts............................... bales. 5,756,198 5,518,977 5,119,096
Southern consumption sinoe September 1. 303,000 253,000 217,000
Total to April 1 ...........................bales. 6,059,198 5,771,977 3,336,096
The amount o f cotton marketed since September 1 in
1886-87 is thus seen to be 287,221 bales more than in
1885-86 and 723,102, bales more than in 1884-85. To de
842,828
termine the portion which has gone into the hands o f North
206,135 em spinners during the same period, we have prepared the
50,733 following.
236
5,783
10,825
878
6,429
1,002
4,963
4,492
11,857
1,107
5,633
1,268
5,411
Total to be deducted..........................
426,658
308,711
286,646
Leaving total net overland *.............
720,395
682,645
556,182
* This total includes shipments to Canada b y rail, which since Sept. 1
In 1S86-7, amounted to 30,216 bales, in 1885-6 were 30,109 bales and
in 1881-3 were 16,723 bales.
RECEIPTS, EXPORTS AND SPINNERS’ TAKINGS.
[Voi* XLTV.
Total receipts to A pril 1,1 887 , as a b o v e .......................... bales.6,059,198
Stock on baud commencement of year (Sept. 1 ,1 8 8 6 )—
A t Nortbern ports.............
132,632
At Southern ports................................
41,096 —173,728
A t Northern interior m arkets...............................
4 ,2 98— 178,026
Total supply to April 1 ,1 8 8 7 ...............................................
6,237,224
Of this supply there has been exported
to foreign ports since S ept 1, ’ 8 6 ... 3,939,304
Less foreign ootton included..................
2,673—3,936,631
Sent to Canada direct from W e st........................
30,216
Burnt North and S ou th ....... .
18,305
Stock on hand end o f month (April 1 ,1 8 8 7 )—
A t Northern ports................................. 270,059
A t Southern p o r t s ....... ........................ 280,796— 550,855
A t Northern interior m arkets...............................
10,134—4,546,141
Total takings by spinners since September 1 ,1 8 8 6 ..bales 1,691,083
Taken by Southern spinners........................................................... 303,000
F or the first half o f March port receipts were of slightly
Taken b y Northern spinners since September 1 ,1 8 8 6 ................1,388,083
heavier volume than at the same time in 1886, but during Taken b y Northern spinners same time in 1885-6 . .................... 1,485,701
the remainder o f the month they recorded a pretty large Deorease in takings b y Northern spinners this y e a r .........bales 97,618
A p r il
9, 1887.J
THE CHRONICLE.
The above indicates that Northern spinners had np to
April 1 taken 1,388,033 bales, a decrease from the co r
responding period in 1885-86 of 97,618 bales and an in
crease over the same time in 1884-85 o f 224,182 bales.
In the foregoing we have the number o f bales which
has already been marketed this year and the two previous
seasons. A n additional fact o f interest is the total o f the
crop which was in sight on A pril 1, compared with pre
vious years
W e reach that point by adding to the above
the stock remaining at that date at the interior towns, less
stock held by them at the beginning o f the season. In
this manner we find the result for three years on A pril 1
to be as follows :
Total marketed, as a b o v e ....b a le s.
Interior s tooks in excess o f Sept. 1.
Total In sight.................
1887.
Ma r o h .
1
AMOUNT OF CROP NOW IN SIGHT.
1886-7.
1885-6.
6,059,198
97,000
5,771,977
329,000
5,336,096
136,000
6,156,198
6,100,977
5.472,096
1884-5.
455
2
3
4
5
6
7
8
9 ................
10................
11................
12................
18................
.
14
15
.
16
.
17
.
18
.
19
.
20
.
21................
22................
23
.
24
.
25
.
26
.
27
.
28
.
29
.
30
.
31
.
1886.
1885.
OoWn Print- Sheet Oott’n Print Sheet doten Print Sheet
low
ings, low
ina
ings, low
ing ings,
mid clot,
stand mid cloths, stand m id cloths, Stamf
dling, 64x64 ard. dling. 64x64 ard dling, 64x64 ord.
................
Si1
8 3-44
....................
9 1!« 3-42
3-40
....................
9*8
....................
9*8 3-38
93W 3-38
....................
.. S...
....................
3-88
....................
9*4
....................
9®16 3-38
9®I8 3-38
938 3-38
93s 3-38
9% 3-38
.. S...
938 3-38
93s 3-36
9*u 3 36
9*4 3-36
3-36
9*8
3-36
9*8
. 8 ...
3-36
9«8
3-36
9°8
3-38
9»1
9% 3-38
9\ 3-38
9*8
10
..8 ...
8*1«
87ie
8*16
8\
8%
8h
8\
3-19
317
3-17
3-19
3-20
3-20
...8 ...
3-20
3-22
3-22
3-23
3-23
3-23
...8 ...
8 l»i« 3-23
Sili« 3-23
8 »u 3-23
8\ 3-23
8i3ie 3-23
8i3ie 3-22
8 » ie
8Hle
Sili«
8Hie
8Hie
8i3w
8%
83t
8Hie
8Uie
8Hie
6\
6* 11*8
6\ tille
6\ tili«
6 V 11‘ ie
6\ Uh«
lU ie
65«
6% ll'ie
6\ 11
6% tOl^lfi
6% 10*8
312
312
312
313
313
313
. 8...
313
313
313
3-13
10*8
313
lOiOie 3 1 0
. 8 ...
lOiBie 3 1 0
3-10
11
309
II
309
11
3-09
11
309
.. 8 ...
iV 3-09
11
3-09
10 510 3 0 9
loiBie 3 0 8
10*8
308
10*8
3 08
. 8 ...
1013U 3 0 7
10l3le 3-07
6*i
6\
6*
6\
6%
...8 ...
3-20
319
3-19
319
319
3 17
...8 ...
63*
6%
6h
63t
6\
t>4i
6%
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4
7*4.
7*4*
7*4
7*4
7*4
7*4
7H,
10
8Uie 3 1 7
This indicates that the movement up to A pril 1 of
9®i«
8Hie 3 1 3
7*4
10*1«
8 U ia 3 1 3
the present year is 55,221 bales more than in 1885-86 and
7*4
684,102 bales greater than in 1884-85.
Tlie above prloes are—For cotton, low m iddling upland at New York,
printing oloths, manufacturers’ prloes; for sheetings, agents’ prices
A s it will interest the reader to see what has come into for
w hich are subject to an average discount o f 5 per cent.
sight each month o f the season during this and previous
years, we have prepared the following, which shows the
movement for the last four seasons.
T H E D E B T S T A T E M E N T F O R M A R C H , 1887.
Months.
1886-7.
1885-6.
1884-5.
1883-4.
September...........
October................
November............
December............
January...............
February.............
March...................
434,839
1,332,901
1,579,539
1,440,487
662,654
450,285
255,494
485,552
1,360,870
1,443,433
1,488,582
541,793
479,591
301,156
413,836
1,309,111
1,390,902
1,360,404
513,187
291,753
192,903
450,047
1,325,716
1,317,773
1,264,816
453,985
370,337
262,772
Total 7 months.
6.156.198
6.100,977
5,472,096
5.445,446
WEIGHT OF BALES.
3-38
3-38
3-40
3-40
..3 ...
INTEREST-BEARING DEBT.
Amount Outstanding.
Character of Inter’t
Issue.
P ’y’ble Registered. Coupon.
Total.
8s....... Option.
414s..........1891.
4s.............1907.
4s refdg.certfs.
Ss, pension ...
Pacific R R s...
Q .-F .
Q.-M.
Q .-J.
Q .-J.
J.&J.
J.&J.
Int. Due Accrued
<t Unpaid. Interest.
$
$
35,973,550
205,608,750 44,341,250
619,165,850 118,626,300
$
$
$
35,073,550
12,429 179,867
250,000,000 582,634 937,500
737,792,150 1,032,427 7,377,921
181,900
56,389
1,819
14,000,000 420,000
105,000
*64,623,512
*64,623,512
37,799 960,302
925,421,662 162,967,550 1,102,571,112 2,141,680 9,071,460
Aggregate----To furnish a more exact measure o f the receipts up to
* 2,302,000 mature Jan. 18,1895; $640,000 Nov. 1,1895; $3,680,000 Jan. 1,1896;
April 1, we give below our usual table o f the weight
$4,320,000 Feb. 1,1896; $9,712,000 Jan. 1,1897; $29,904,952 Jan. 1,1898; $14 004 560
of bales. W e give for comparison the figures for the Jan. 1,1899.
same time in the previous two years.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
Same
Same
Seven Months ending A pril 1 ,1 8 8 7 . p eri’d in peri’d in
1885-6. 1884-5.
Number o f
Weight in
Average Average Average
Bales.
Pounds.
Weight. Weight. Weight.
Texas ...............
Louisiana..........
A labam a. . . . . . .
Georgia*... . . . .
Booth Carolina.
Virginia............
North Carolina.
Tennessee, A c ..
691,911
1,662,997
209.821
835,124
376,602
836,656
136,840
1,309,247
355,690,688
804,724,248
103,441,753
398,562,929
176,362,717
399,921,568
63,972,700
652,332,318
51407
483-90
493-00
477-25
468-30
478-00
467-50
498-25
516-94
482-00
50200
485-33
47610
474-90
467-00
491-00
514-57
477-50
496-00
469-63
466-20
470-00
465-23
489-00
Total...........
6,059,198
2,955,008,921
437-69
487-38
48006
* Including Florida,
Aggregate of debt on which Interest has ceased since maturity Is $6,926,275 f
interest due and unpaid thereon, $198,717. This debt oonslsts of a number of
small items of which the principal amounts are called bonds, the largest
items being $4,824,400 called 3 per cents o f the loan of July, 1882, and $391,700
called consol 6s o f 1867.
DEBT BEARING NO INTEREST.
Amount.
Old demand notes......... ................ .......................
Legal-tender notes.................................................
Certificates of deposit...........................................
Less amount held In Treasurer’s cash..........
Gold certificates.....................................................
Less amount held in Treasurer’s cash...........
Silver certificates............................ ......................
Less amount held In Treasurer’s cash..........
Fractional currency.............................................. .
Less amount estimated as lost or destroyed.
$57,250
346,681,016
7,545,000
410,000— 7,135,000
123,803,625
29,757,610— 94,046,015
138,143,338
6,212,049- 131,930,489
15,324,431
8,375,934— 6,948,497
Aggregate o f debt bearing no Interest.........
$586,798,267
It will be noticed that the movement up to A p ril 1
RECAPITULATION
shows an increase in the average weight as compared with
Principal.
the same periods o f the last two years, the average this year
being 487-69 I ds. per bale, against 487-38 lbs. per bale Interest-bearing debt—
4)4s...................................... 250,000,000
for the same time in 1885-6 and 480-06 lbs. in 1884-5.
4s......................................... 737,792,150
THE COTTON GOODS TRADE IN MARCH.
There was a large movement in staple cotton goods
during the month, jobbers from the Pacific and W estern
tates having freely anticipated future requirements because
of an impending advance in transportation rates. Brown
sheetings and drills were in good demand by jobbers, c o n
verters and exporters, and the late advance in the staple
has imparted great firmness to prices, some Southern
brands having been slightly marked up by the mill agents.
Bleached and colored cottons were distributed in liberal
quantities, and pricas are firmly maintained. Print cloths
were fairly active, and the market closed firm, with an
upward look.
3s................... .....................
Refunding certificates, 4s..
Navy Pension fund, 3s.......
Pacific RR. bonds, 6 p. c t...
Debt on which int. has ceased
Debt bearing no InterestLegal tender notes, Ac.......
Certificates of deposit........
Gold certificates.................
Silver certificates..............
Fractional currency...........
Interest.
Total.
35,973,550
181,900
14,000,000
64,628,512-1,102,571,112 11,713,141 1,114,284,253
6,926,275
198,717
7,124,992
346,681,016
7,545,000
123,803,625
138,143,338
15,324,431— 586,799,267
586,708,267
Total d e b t................ .
1,696,293,664 11,911,809 1,708,207,513
Less cash items available for reduction of the debt. .. .$268,123,971
Less reserve held for redemption o f U. 8. notes.......... 100,000,000 $368,123,971
Total debt, less available cash items............................................ 1,340,083,542
Net cash in the Treasurv.................................................
21,859,983
Debt, less cash in the Treasury. April 1.1887................................... 1,318,223,558
Debt, less cash in the Treasury. Maroh 1.1887................................. 1,331,032,026
Decrease of debt during the month.................................................
12,803,467
Decrease of debt since June 80,1886..:.........
70,912,824
456
THE CHRONICLE
[You XL1V.
Already greater animation is being displayed in speculative
circles. On the Stock Exchange some rather free buyiDg of
The following statement for March, from the office of English railways has been indulged in, the disposition being
tfriQTreasurer, was issued this week. It is based upon the actual to discount the commercial future, which it is maintained
returns from Assistant Treasurers, depositaries and superin must tell favorably upon the traffic statements. Since the
tendents of mints and assay offices, and shows the condition of commencement of the year the progress has been sufficiently
the United States Treasury March 81; we give the figures satisfactory to give a tone to the railway market, the aggre
for February 28 for comparison :
gate receipts on the 83 principal lines of the United Kingdom
being up to March 19 £1,120,651, or £21,579 more than in the
FEBRUARY 28,1887.
MARCH 81, 1887.
corresponding period of last year, and the fact that the inclina
Assets and
Assets and
Balances.
Balance».
tion is now to buy shows that yet greater results are expected
Liabilities.
Liabilities.
in the near future. Looking also to the returns of the B inkers
Clearing House, signs of encouragement are displayed. The
191.602,700
192.554.052
Bo l d —Coin.
83,485.920
83,431,810
B u llion ...
total payments of bills and checks through that institution
275,088.626,
Total (cold...... :. .(Asset) t5.985.P82
have been £1,524,376,000 from the commencement o f the year
124,214,595
Certificates issued...... 12S.8U3.635
24,256,230
•Certificates on hand... 29,757,610
up to March 23d. This is an increase of £168,449,000, or 13 per
99.958,365
cent over last year, and although £2,604,000 of the gain is due
Oertlfic’fl. net-fLiabtlity 94,040,015
175,130,261
181,939,847
Met gold in treasury
198,112.760
to Stock Exchange settling days, the remaining surplus suffiSH.VBB—Dollars.stand’rrt ¿01,672,372
4,700,186
4,(79,858
Bullion....................
ciently portrays the movement in trade which has been in
.202,812,943
¿06,452,230
Total silver........ (Asset
126,697,102
progress. The importance of the revival in Stock Exchange
•Certificates issued..... rf*.143,388
5,466,347
0,212,849
Certificates on hand...
speculation alBO is not to be ignored, even if it has not so far
121,130,755
Oertiflc’s, net.(Liabttify) 131,930,489
81,682,186 acquired liberal dimensions. Operators in stocks and shares
74,521,741
Net silver In treasry
33,869,202
(f. States notes....(Atget 28,294,938
f arm, with of course some exceptions, a shrewd body of men
8,430,000
7.645.000
Certificates issued......
250,000
410,001
Certificates on hand...
capable of estimating with some degree of accuracy the prob
8,180,000
7.135.000
Certlllc’s, net.lLtability
able future, whether commercial, financial or political; and
23,689,202
21,159,938
Net U.H.notes In treat3.859,594
Trade dollars redeemer
217,922 the mere fact that the present drift of these operations points
200,629
atlonal Bank notes. ..
19,726,598 to the belief in a higher level of prices, there being a distinct
19,919,717
eposlts in Nat. Banks
3 0 2 ,4 1 6 ,1 7 1 preponderance of purchases, is conclusive evidence of the
3 0 1 .6 0 1 .4 6 6
B a la n c e «....(Asset,
P u b l ic D ebt a n d I n t .—
2,058,897
2,103,880
prevalence of optimist views. The reports from the leading
Interest due,unpaid
7,933,959
8,602,108
Accrued interest ...
6,530,845
5.920.275
manufacturing centres to hand during the past few days do
Matured debt..............
201,366
198,718
Inter’t on matured debt
not allude to any new feature, but they concur in represent
Called bVs nut matur’i'
32,755,549
and balance of int.... 16,172,123
8,516
ing business as sound. The public sales of Colonial wool also
8,210
Debt bearing no inter’st
Int. on Pac. UK. bonds
have opened fairly well, and although the season is backward,
53,490
37,Kill
due, unpaid................
646,235
969,353
Acc’d int., Pac. UK. b'ds
the agricultural outlook taken as a whole is not unsatisfactory,
*0,183,857
Debt and int.(Liability) 35,012,487
Unless it be on the score of the strength of foreign competition,
3,616
2,210
Fraot’l cur’cy redeemed
58,068
78,902
lat.cb’cks & uonpons p‘"
it does not seem that there is much room for complaint, and
61,584
81,112
Debt and lnter'st.(AMst)
if peace be maintained and confidence thoroughly restored,
40,122,273
14,921,355
D’btAint.nettDiaMHtv)
iÖÖ,000,000
J&es’vG for red. u.8. notes. IÖÖ,000,000
the current half-year’s business should compare very favor
Fund held for redemp. of
93,760,810
notes of Nat. Banks.... 99,165,115
ably with the corresponding period of 1886.
Pund held for redemp. of
90,034
88,309
Nat. gold bank notes..
That the Bank of England should reduce the rate to three
Plve p. o. f ’nd for redemp
8,794,280
8,873,878
per cent was looked upon as a foregone conclusion, and has
o f Nat. Bank notes
202,045,160
therefore created no surprise. The course of the money mar.
Redemp .res’r.tLiability) 20;
Nat. Bank notes in pro
2,854,639
ket during the past few days had shown that such a move
cess of redemp.. .(Asset)
199^90,521
805,769,440
Net res’rves.(£Aat>4titv)
ment had become a necessity, seeing that the need for pre
‘ 4,407,019
Post Office dep’t account. 6,071,497
32,416,837
Disburs'd Offloers’ bai'ces. 27,948.117
cautionary measures had lapsed. Although only a fortnight
undlstri b'd ass’ts o f fail’d
739,550
987.415
National banks.............
has passed since the last change, the position of the Bank of
Currency and minor coin
m,41fj
<00
redemption account....
England in the interim has been materially strengthened. Th«
Fractional stiver coin re
1,260
11,880
demption account....... 1
weekly return is favorable. The reserve has gained £584,873
Redemption and excb'ge
*67,043
753,316
account.......................
on the week and is now £17,055,823. This is nearly £7,000,Treasurer’s transt’r oh’ ks
5,194,678.
and drafts outstanding. 4.180,380
000 more than it was at the close of last year, whilst the stock
Treasurer ,U. 8., agent for
246,580
152,753
paying Int. on D.Col.bds
of bullion, which is now £24,695,293, shows a gain during the
43,435,382
interval of £5,875,000. Compared with this time in 1886 the
Total........... (Liability) 89,045,79_
50,980
0,100
lot-on D.Col.bds pd (Asset)
stock of bullion has increased about £2,000,000, and the reserve
43,384,402
39,040,687
N et.... .....(Liability)
of notes and coin about £3,500,000. Toe increase in bullion
£ 8 3 , £ 9 7 ,1 9 6
£ 7 9 ,7 4 1 * 4 8 2
B a la n c e s . .(L iab ility )
during the week has been £637)442, o f which about £435,000
1 9 ,1 4 8 ,9 7 5 was derived from foreign sources and about £300,000 recov
“ £ L 85 9T 9 8 4
Net b a la n ce....(A sset)
Assets not available—
113,243
151,059
Minor coin.................
26,432,472 ered from internal circulation. The repayment of advances
26,601,613
Subsidiary silver ooln
45,744,690 borrowed at the last Stock Exchange settlement has reduced
48.612,656*
Aggregate net Asset....
the total of “ other securities” to £2,578,549. The present
total of other deposits is £34,089,172, or about £1,200,000 in
excess of the amount held a fortnight ago, when the Bank
rate was reduced from 4 to 3}^ per cent. The proportion of
[From our ow n correspondent.I
reserves to liabilities is now 49’55 against 48 84 per cent last
L ondon, Saturday, March 26, 1887.
week. It will be seen that the position of the Bank of Eng
The tangled skein of diplomacy, so far as it refers to Conti"
land is very strong, and the reduction in the rate to three per
nental political affairs, appears to have a greater chance now
of being unraveled than it possessed a week ago. The war cent was fully warranted.
Following the lead of the Bank of England the joint stock
•louds are rolling away and anxiety is being relieved by reviv
banks and the discount houses have reduced their rate of allow
ing confidence. Russian aggressiveness seems, however, to
ance
per cent, the former giving X% par cent for deposit*
remain active, for if telegraphic advices are to be accepted,
at notice and the latter 1% per cent for call and 1% per cent
unscrupulous tactics are being industriously pursued in the
neighborhood of Afghanistan, with the object of sowing dis- if with notice.
The following shows the position of the Bank of England
•ord amongst the turbulent subjects o f the Ameer. Possibly
now and at the date when the last alteration was made in th*
these may turn out to be merely tentative efforts which it is
rate :
* • ••
Increase +
ifa rrh 24,
to be hoped will prove futile. The general opinion respecting
March. 10,
or decrease.—
1-87.
1887.
the political prospect is unquestionably that it is more pacific. Circulation, excluding 7-day
£
£
££ ___
48,580Some unforeseen accident may cause a return of recent com ■ andottier b i l l s . . . . . . . . ............ 23,438,050 23,389,470
616,321+
10
186,466
Publio deposits........................... 9,570,115
1,199,303+
plications, and perhaps in a more aggravated form, but the Other deposits............................ 22,889,80-» 2 >,0»0,172
14,136,1 >1
Government securities.............. 11,186,141
686,562+
current belief is that all danger for the present year is over.
21-,557.555
Other securities ........................ 20,870,993
1,124,89»'+
17,<»55,823
Suoh being the case, a more rapid improvement in business Reserve o f notes and c o i n .. . . 15,930,925
1,076,318+
24.6 15.293
and bullion........................ 23,61s,975
•72 p. «• +
m aybe calculated upon, particularly a« we have at length Coin
4 9 ‘55 p. e.
Prop’n o f reserve to liabilities. 48'83 p. c.
k p -e -3 r-fc*
lia
.
It
r
a
t
e
....................................
S
^
p
.
c.
reached the Close of a long drawn-out and severe winter.
U N IT E D S T A T E S T R E A S U R Y S T A T E M E N T .
S
©ammerctal %u%\isfoUetss
▲ rau.
THE CHRONICLE.
1887.]
The following return shows the position of the Bank of
Hngland, the b a n k rate of disoount, the price of consols, &c.
c o m p a r e d with last three years :
1887.
1886.
1885.
£
83,389,470
10.186.486
24,089.172
11,136.141
21.517.555
17,055.823
24.695,293
49*55 p. c.
3 p. e.
102 l-16d.
101,917,000
£
23,753,835
10,845.974
24.386.611
14.560.349
24,526,293
14,533,109
22,537,004
41K p.c.
2 p.o.
100*<d.
97,029,000
£
23,817.645
11.897.477
25,333,692
14,651,801
23,123,780
17,923,737
25,991,382
48 p.o.
8>4 p. c.
96)4d.
89,559,000
1884.
457
The following shows the quantities of wheat, flour
maize afloat to the United Kingdom.
This week. ILast week.
1,733,000 1,8 )6 ,0 0 0
243,000
256,000
316.000
284,000
Wheat............ qrs.
Floor,equal to qrs
Maize............. qrs.
1889.
2,846,000
246,000
191.000
Last year.
1,679.000
194.000
388.000
£
E n g lis h . F i n a n c i a l m a r k e t s —P e r C a b le .
24.048.935
The daily closing quotations for securities, &o., at London
12.450,230
22.569.025 are reported by oable as follows for the week ending April 8:
12,453,063
24,454,897
L ond on.
Sat.
Mon.
Tues.
Fed. Thurs.
JH .
16,581,490
4
3
*
43*9
433a
43*4
4338
25.480,425 Silver, per o z . . . . . ___ d.
1023,6 102*ie 1023)g 1023,6
47X p. o C jusols fo r m oney......... 10 2lia5 1026,6 102»,
Consols fo r aooount....... 102^8
102*4 1023,6
3 p.c. Fr'oh rentes (in Paris) fr 80-72 is 80 97*9 80:82*9 80*70 80*70
102 l-10d. U. S. 4**s o f 1891........... 112*9 1123s 112*9 1123s 1123s
13178 13178 131TS
131*
101,630,000 CJ. 8. 4s o f 1907.............. 1 3 1 *
Canadian P acific........... 64 *g
63*
63?s
637s
64 *s
§
953q
953s
Ohio.
Mil.
&
St.
P
a
u
l....
957g
956s
O
95*e
Messrs. Pixley & Abell write as follows on the state of the Brie,com m on s t o c k .... 35*9
36
36
35*
357s
»
133*4 133*9 133*9 133*9
Illinois Central.............. 134
bullion market.
60*
60*
60*
P enn sylvania................. 60*9
6» 3s
G old —During the last day or two there has been a little inquiry for Philadelphia <b Reading 2 0 *
20*
21<>s
22*4
22*e
the Continent. The Bank has, however, purchased during the week the New Y ork C entral......... 1157s I16*s 116
l l 5 7a 116
greater part of the arrivals, the amount being <393,000, and no sales
have taken place. The arrivals axe £4 4,00 0 from the West Indies and
£3,000 from the Oape; total, £4 7,00 0.
Silver has steadily receded with the fall in Indian exchange, and the
price is to-day 4 4 * d . nominal. The Bank rate o f disoount was to-day
lowered to 3 per cent. Tne Don brought £ 13,000 from the West Indies
and the Werra £ 18,000 from New York. The Brindisi has taken £30,G o v e r n m e n t R e v e n u e . —Through the courtesy of the Sec
000 to Bombay and £8 ,000 to Calcutta.
retary of the Treasury, we are enabled to place before our
Mexican Dollars have not been in demand, and recent arrivals have
generally been sold at their m elting value. About £9,000 from the readers to-day the details of Government receipts for the
West Indies came to hand during the week, and the balance unsold were month of March.
From previous returns we obtain the
placed at 43* d . The rate lias sinoe given w ay in consequence of the figures for previous months, and in that manner complete Hie
rail in silver, and we quote 4 3 hid. nominal. The Peninsula 4 Oriental
statement since the beginning of the fiscal year for 1886-87
steamer has taken £13,940 to Shanghai.
Circulation, *xcltiding <-ai
other bills............................
public deposits.....................
Other deposits.......................
Government securities........
Other securities....................
Roserveof notes end coin ..
Ooln end b u llio n .................
K«serve to llebilitics..••••••
Bank r a t e .............................
Consols...................................
Clearing-House return........
and
Ciumwjetxial and H&iscellîmeous Hews
E®*®..............................
S «*DB...........................
Indian c o m .................
lnoai............................
1885-86.
27.212,682
7.373,744
5,464.903
1,385,941
1,119,562
1,472.586
1,843,697
14.851.942 15.231,104
9,531,005
7,632,727
1884-85.
26,675,321
9,907,502
6,< 62.581
1,136,977
2,016,692
12,933,288
9,265,660
1886-87.
000» Omitted.
July.......................
August...............
September............
October.................
November.............
December.............
January.................
February...............
March.................. .
Cin Inter'll Misc’ls Total.
tomi. Rev’uelSowrc’s
$
17,899
20,771
20,086
17,179
15,141
16,332
16,968
18,874
20,544
31,165,478
10,443,293
6,920,285
1,012,709
1,476,506
15,275,374
8.648,850
31*165,478
¿ s s s ¿ a a s ¿¡¡asst
..................... 58,166,973
60,863,714
62,861,335
. „ _
1886-37. 1885-86. 1884-85.
fT®** pr}°® 'wllea*........... week. 32s. l i d . 30 b. Id 31s l i d
▼er. price wheat.........season. 32a. 7d. 30a. 4<L 32 s.* 3d.’
9
9
9
29,637 16,219 8,501
32,193 17,290 9,071
31,087 17,521 10,446
30,965 17,310 11,933
27,576 13,057 9,250
28,623 14,426 9,603
27,906 14,410 7,903
29,774 16,170 8,271
34,358 18,176 9,595
$
2,258
1,720
2,141
4,014
2,746
2,747
2,267
2,657
4,459
9
2,047
1,704
2,004
1,504
3,074
1,729
2,639
1,531
2,305
9
28,707
28,06529,971
30,838
25,381
25,758
24,852
23,972
30,078
Total 9 months.. 103,794 83,912 25,015 272,721 141,585 84,593 18,597 247,775
C o in a g e b y U n it e d S t a t e s M in t s . — The following state
ment, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of March and for the three months of 1887 :
Three Months o f 1887.
March.
Denomination.
Pieces.
\
26
61,025
280,025
55
45
227
Double eagles..........
Eagles.........................
H alf eagles................
Three dollars............
Quarter e a g le s .........
Dollars.......................
Pieces.
Value.
9
520
610,250
1,450.125
165
112
227
Valut.
26
211,025
854,025
55
45
227
9
52»
2,110,250
4.770,125165
112
227
Total g o ld ..............
351,403
2,061,399 1,165,403
6,881,399
Standard dollars___
H alf d olla rs..............
Quarter d o lla rs.......
D im es.........................
3,020,380
380
380
102,535
3,020,380 8,890,380
190
380
380
95
10,254
752,535
8,890,38»
190
95
75,254
Total silver............
3,123,675
3,030,919 9,643,675
8,965,919
Five cents.................
Three cents................
One cent.....................
1,352,530
1,430
3,591,930
67,627 4,844,980
1,431
43
35,919 12,910,930
2 4 2,25 »
43
12 9,10 »
Total m in o r ...........
4,945,890
Total coinage.........
8.420.968
17.757,341
371,403
5,195,907 28,566,419
16,218,720
B o n d s H e l d b y N a t i o n a l B a n k s . —The
U.S. Bonds Held A pril 1,1887, to Secure—
Description o f Bonds.
3s, A ct July 1 2 ,1 8 8 2 ....
Currency 6s......................
4 per c e n t s ............... .
®
t
9,480
9,698
9,460
9,772
9,689
9,544
8,671
8£43
9,855
Cus Inter'l MUc'ls lotaL
tom». Rev'ue Sourc'e
following interest
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositories on April 1. W e gave the statement for March 1
in CpRONiCLE of March 12, page 334, and by referring to that
1883-84, the changes made during the month can be seen.
Supplies available for consumption (exclusive of stocks on
September 1):
2
1885-86.
1»
IMPOSTS.
1886*87.
* * * * * .................. owt. 28.R05.405
.......................... 11,827,5 Ï3
and 1885-86.
CO
o
r*.
The Australian colonies are again to the front in borrowing,
but up lo the present only in small amounts, if we except the
Queensland 4 per cent loan for £2,500,000 introduced in Feb
ruary last, and which was placed at an average of £100 Os. lOd,
percent. The City of Sydney has just placed a 4 per cent
loan for £330,000 at an average of £101 5s. lid ., the amount
applied for being £523,000. It is clear, therefore, that this
class of security is still in favor with investors.
Ten
ders are invited for £100,000 5 per cent debentures of the
Auckland Harbour Board and £150,000 4 per cent debentures
of the Municipality of Launceston (Tasmania), the minimum
in the former case being par and in the latter 97 per cent.
It is very clear that the new financial year will witness no
practical change in the incidence of taxation. The Chancellor
of the Exchequer has publicly stated that his budget will be a
“ humdrum budget.” Mr. Goschen remarked: “ I have not
occupied long enough the office which has been confided to
me to be able with any degree of confidence to attempt to
change the basis upon which taxation is now imposed.” After
such an utterance it will be useless to look for any particular
change, and it is therefore presumed that all the important
taxes now in force will be similarly levied during the new
year commencing on April 1st,
Buyers of wheat have again had the advantage, though not
to any great extent. A decline of 6d. per qr. has not been
uncommon, and the business transacted has beea of a very
meagre character. On the one hand holders are not
anxious to force sales, and on the other millers show no desire
to increase their st >cks. The week has witnessed no particu
lar change in the statistical position. Imports are barely up
to the average, and farmers’ deliveries are far from libe al. As
there is no reason to believe that consumption is otherwise
than quite an average, it must be presumed that granaried
stocks are being quietly drawn upon. This should bring the
trade into a healthier condition, and no doubt it would were
uny activity in dealings at all perceptible. Unfortunatelv, no
signs of such a desideratum can be perceived, and apparently
nothing short of an agricultural disaster will stimulate the
trade with real life. So long as affairs in the agricultural dis
tricts are going on smoothly and average crop prospects are
sure, it is evident th u the policy of restricting dealings to the
supply of current wants will be persisted in. And the natural
outcome of this will be that when anything approaching to
good supply is offering on the market the weakening ten
dency will become accentuated.
0 w!,ng shows the imports of cereal produce into the
.
Kingdom during the first twenty-nine weeks of the
Sl ^ V hr ver,ag! pnce realized and other items, compared
with the three last seasons:
65,822,904
1883-84.
37« 7d
89s.’ Id *
T otal............................
Public Deposits
in Banks.
B ank
Circulation.
Total Held.
$2,366,000
120,000
7,913,000
13,530,500
$37,085,900
3,241,000
62,973,303
113,637,800
$29,451,900
3,361,000
70,986,300
127,163,300
$23,929,500
$206,938,000
$230,867,500
C h a n g e s in L e g a l T e n d e r s a n d N a t i o n a l B a n k N o t e s t o
April 1,—The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notec
March 1, together with the amounts outstanding April 1,
and the increase or decrease during the month; also the changes
THE CH RONICLE
458
["Vo l . X L I Y .
Boston & Lowell—Boston & Maine.—The directors of the
In legal tenders held for the redemption of bank notes up to
Boston & Maine and the Boston & Lowell railroads have
April 1 :
practically agreed to the terms of a lease of the Boston &
Lowell to the Boston & Maine for a term of ninety-nine years.
National Bank. Notes—
$288,768,682 Details of the proposed lease have not yet been arranged, but
Am ount outstanding March 1 .1 8 8 7 .
$1,649,890
Amount issued during M arch............
1,914,186 they are expected to be in a few weeks, and special meetings
3,504,076
Amount retired during M arch............
of the stockholders of both railroads will then be held to
$286,854,496 ratify the action of the directors.
Am ount outstanding April 1 ,1 8 8 7 * .......
Mr. James T. Furber said that the details cannot at present
Legal Tender Notes—
be made public, but the Boston & Lowell is to receive a 7 per
Amount on deposit to redeem national hank
$97,763,956 cent dividend annually for the first ten years, and after that
notes March 1, 1887
$7,645,065
A m ount deposited during M arch...................
8 per cent a year,
4,080,989
3,564,076
Amount re-issued & b'nk notes retir’ d in Mar.
Chicago & Eastern Illinois—Chicago & Indiana Coal.—
Am ount on deposit to redeem national hank
$101,844,945 The following circular to stockholders has been issued from
notes April 1 ,1 8 8 7 ................................. .
the office o f the Chicago & Eastern Illinois Railroad Com
* Circulation o f national gold banks, not included above, $269,759.
pany in Boston:
According to the above, the amount of legal tenders on To the stockholders o f the Chicago A Eastern Illinois Railroad Com
deposit April 1 with the Treasurer of the United States to re
p an y :
deem national bank notes was $101.844,945. The portion of this
A n offer having been made b y responsible parties to purchase the
deposit made (1) by banks becoming insolvent, (2) by banks entire capital stock (30,000 shares) o f this com pany at $110 per share,
and
the same having been accepted by the holders o f 24,679 shares,
going into voluntary liquidation, and (3) by banks reducing or notice
is hereby given b y the undersigned (late President and Viceretiring their circulation, was as follows on the first of each of President o f the company) that the offer to buy the w hole or any por
tion o f the remaining shares, at the above price, w ill remain open until
•(¡he last five months:
A pril 1.
I f arch 1.
Feb. 1.
Jan. 1.
Dec. 1.
Deposits by—
$
$
$
$
9
898,658
912,767
953,713
995,875
Insolvent bks 1,026,595
Liquid’ t’K bks 9,507,531 9,361,304 9,109,895 8,953,061 8,996,171
R eauo’g und’r
act of 1874* 77,957,145 80,813,593 82,461,498 87,898,128 91,950,116
T o ta l........... 88,491,271 91,170,772 92,525.106 97,763,956 101844945
* A ct o f June 20 ,1 8 7 4 , and July 12 ,1 8 8 2 .
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The imports o f last
week, compared with those of the preceding week, show an in
crease in dry goods and a decrease in general merchandise.
The total imports were $8,790,448, against $8,726,606 the pre
ceding week and $8,541,080 two weeks previous. The exports
for the week ended April 5 amounted to $6,999,618, against
$4,990,425 last week and $6,553,897 two weeks previous. The
following are the imports at NewYork for the week ending
(for dry goods) March 31, and for the week ending (for gen
eral merchandise) April 1; also totals sinoe the beginning of
the first week in January:
FOREIGN IMPOSTS AT N SW YORK.
F or Week.
1884.
D ry G oods.........
Gen’ lm e r’d ise..
$2,358,983
7,035,729
1885.
T ota l............
Since Jan. 1.
Dry G oods.........
Gen’ l mer’d ise..
1886.
1887.
$1,704,548
6,341,998
$2,256,489
8,234,120
$2,320,077
6,470,371
$9,394,712
$8,046.546
$10,490,609
$8,790,448
$36,003,581
80,498,697
$29,475,273
66,452,154
$34,297,314
77,603,533
$37,591,250
79,273,597
$95,927,427 $111,900,847 $116,864,847
T otal 13 weeks. $116,507,278
In our report of the dry goods trade will be found the im
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 5,1887, and from January 1 to date:
BXPOBTS FBOM NEW YORK FOB THE WEEK.
1884.
1885.
1887.
1886.
F or tbe w e e k ...
Frev. reported..
$5,463,262
63,336,150
$0,450,710
78,030,006
$5,173,180
66,489,783
$6,999,618
70,545,134
Total 13 weeks.
$73,849,418
$84,481,316
$71,662,963
$77,544,752
The following table shows the exports and imports of specie
at the port of New York for the week ending April 2, and
since January 1, 1887, and for the corresponding periods in
1886 and 1885:
BXPOBTS AND IMPOBT8 OF SPBOIB AT NEW YORK.
B o li.
Exports.
Week.
Brest Britain . . . . . .
France..........
Germany. . . . . . . . ..
West Indies. . . . . . . .
M ex ico......................
South A m erica .....
All other countries.
480,000
Total 1887.......
Total 1886.......
Total 1885.......
Silver.
BreatBritain. . . . . .
F r a n c e ......... . . . .
Germany. . . . . . . . ..
West Indies............
Mexioo.......... ...........
South A m erica .....
All other countries.
Total 1887.......
Total 188 6 .......
Total 1885.......
Since Jan. 1.
Imports.
Week.
Since Jan.l.
$45,983
4,424
945,405
2,109,3o0
43,425
1,768
4,327
20,000
1,094,233
177,858
$506,593
753,820
247,500
#4,377,293
17,540,137
3,923,669
$57,785
22,744
13,315
$3,769,022
2,433,629
4,640,950
$199.785
$7,300
$7,300
23,399
3,171
15,358
1,225
257,868
45,084
150,909
2,314
$1,614,844
414,971
85.000
53,660
16,581
37,483
16,790
$208,299
219,170
277,771
$2,239,329
3,728,135
4,204,299
$49,228
39,408
32,050
$462,386
384.633
308,961
$4,825
6,200
10,033
$1,578,107
1,362,272
356,910
346,233
2,712
120,738
2,050
Of the above imports for the week in 1887, $8,590 were
American gold ooin and $3,866 American silver coin. Of
the exports during the same time $31,763 were Amerioan
gold ooin.
April 12, and any stockholder m ay participate in the sale b y sending
his stock on or before that date to the undersigned, or to Messrs. R. P.
Flower & Co., 52 Broadway, New York. Certificates must be endorsed
in blank and properly witnessed.
H orace h . Stevens ,
G eorge H. B all .
The Chicago & Eastern Illinois has been purchased by a syn
dicate of N ew Y ork and Chicago capitalists, organized and
headed by H. H. Porter, President of the Chicago & Indiana
Coal Rail w iy Company. All but about 5,000 shares of the stock
is now possessed by this syndicate. The Atchison leases the
right to enter Chicago over the Western Indiana for 999 years,
a transaction distinct from the sale of the Eastern Illinois.
The Chicago & Western Indiana is a corporation which con
trols a railroad entrance and terminal facilities in Chicago,
and the Atchison makes its bargain with this corporation.
Mr. H. H. Porter, President of the Chicago & Indiana Coal
Railway Company, is reported as saying that the trade was
made as an investment and for the benefit of his company.
The following new directors of the Chicago & Eastern Illi
nois Company were elected to put the new owners in control:
Richard M. Hoe, Jr.; David Dows, Jr.; O. D. Mills, Anson R.
Flower, H. H. Hollister and O. B. Lyford.
A map of the Chicago & Eastern Illinois Road will be found
in the I n v e s t o r s ’ S u p p l e m e n t for December last.
Kingston & Pembroke Iron Mining Co.—This company,
with $5,000,000 capital, has been formed for the purpose of
developing the iron ore district on the line of the Kingston &
Pembroke Railway Company in Canada. It owns 8,000 acres
of mineral land between Kingston and Renfrew. It has three
mines in active operation and other openings will be made
within a short time. Henry Siebert is President o f the com
pany, and among the principal stockholders are Samuel
Thomas, Calvin S. Brice, J. O. Moss, Alexander J. Smith, H.
H. Porter, R. R. Cable, R. P. Flower, H. H. Hollister, James
Tillinghaet, George A. Kirkpatrick and Charles F. Gildersleeve, William Pollock of Cleveland, and John S. George of
Milwaukee. The entire amount of the stock has been sub
scribed, but the formal organization will not be announced
until the company has been chartered at Kingston under the
Canadian law.
Louisville & Nashville—Norfolk & Western.—The official
announcement is made that a preliminary contract has been
executed between the Louisville & Nashville and Norfolk &
Western railroad companies, by the terms of which each
company undertakes to promptly cause surveys to be made
with a view to construct an extension of its lines to a point of
connection in Wise County, Virginia. The extension of the
Louisville & Nashville Railroad will be from Corbin Station,
on their present Knoxville branch, through the Cumberland
Valley of Kentucky, and the extension of the Norfolk & West
ern Riilroad will be from Graham Station, on their New River
Division, through the Clinch Valley of Virginia. The total
length of line to be constructed is about 200 miles, and as
the meeting point will be east of the Cumberland Mountains
in Wise County, Virginia, each company will have about 100
miles to construct, and the work will be pushed to completion
as rapidly as possible. Engineers have been engaged for sev
eral months past in the location of the line, and the Louisville
& Nashville Railroad Company has already 35 miles of their
portion of the work under contract and to be completed dur
ing the month of August of the present year.
As the work is generally of a light character and the route
adopted admitting of low grades, the only difficult or expen
sive portion being in the vicinity o f the Cumberland Moun
tains, it is expected that the entire line will be completed and
the connection made within the next twelve months. It is
intended to construct the line in the most substantial manner,
with heavy steel rails iron bridges, etc. The construction of
this new line will open up a section o f country rich in coal,
minerals and timber, and it is claimed by the projectors that
the local business alone would warrant its construction; but
in addition to this, the construction of this connecting link
will result in the establishment of an important trunk line
between the West and tide-water at Norfolk, and give to that
important shipping port the prominence to which its natural
advantages entitle it. The distance from Louisville to Nor
folk by the new route will be 748 miles, whereas the distanoe
A p r i l 9* 1887. J
THE CHRONICLE.
from Louisville to New York is 935 miles via the Pennsylvania
Bailroad, and 977 miles via the New York Central Railroad.
N. Y. Stock Exchange.—The Governors of the Stock E x
change have admitted to dealings the following securities:
C e n t r a l P a c i f i c R a i l r o a d . —An additional 53,912 shares,
$5,891,200 of capital stock, making amount listed up to
$68 ,000 , 000 .
P h i l a d e l p h i a & R e a d in g R a i l r o a d . —Reorganization cer
tificates of common and preferred stock to take the place of
old stock certificates April 14, and dealing in the stock prohib
ited after May 14.
S t . L o u is A r k a n s a s & T e x a s R a i l w a y .— An additional
$520,000 first mortgage 6 per cent bond certificates, making
the amount listed up to $10,049,000.
B e e c h C r e e k R a i l w a y .— First mortgage fifty-year 4 per
cent bonds, $5,000,000 ; 74,000 shares, of $50 each, common
stock, $3,700,000, and 26,000 shares, o f $50 each, preferred
stock, $1,300,000.
R ic h m o n d & W e s t P o in t T e r m i n a l R a i l w a y & W a r e
Six per cent trust bonds, due February 1, 1897, re
deemable at 105 upon thirty days’ notice, $2,000,000 out of an
authorized issue of $8,500,000.
S t . L o u is & S a n F r a n c is c o R a i l w a y .— An additional
$5,000,000 general 5 per cent gold bonds due July 31, 1931,
making amount listed up to $12,739,000.
Toledo Cincinnati & St. Louis.—A t Cleveland, Ohio, April
6, Judges Gresham, Jackson and Welker, of the United States
Circuit Court, began the hearing in the case of the Central
Trust Company of New York vs. the Toledo Cincinnati & St.
Louis Railway. The road was formed by the consolidation of
eight companies, and complications have arisen about appor
tioning the claims of the creditors of the various divisions.
Many of the claims accrued within six months prior to
the appointment of W. J. Craig as receiver, in August, 1883.
The claims some time ago were referred to A. J. Ricks and W.
P. Fishback as special commissioners for different parts of the
road, and each has made a report. These reports are now
being considered and the apportionment of liability for $150,000 of receivers’ certificates is also one of the principal ques
tions.
President Quigley, of T. St. L. & K. C., is in Cleveland
attending the hearing on these old claims, and he states that
the money is all up to pay them and the only question is how
much the company will get back on disallowed claims.
—We are informed that Messrs. Griswold & Gillettare meet
ing with a ready sale of the 6 per cent first mortgage gold bonds
due in 1907 of the Orange Belt Railway of Florida. It is
stated that the steel rails of this road have been purchased,
and the right of way secured for the extension of this road to
Point Pinnellas, one of the finest ports on the Gulf of Mexico,
and the road is expected to be completed by November, 1887,
or at latest Jan. 1, 1888. The earnings of the road, the pro
jectors anticipate from present appearances, will not only pay
interest on the bonds, but a dividend on the stock.
—Attention is called to the change of partnership in the old
banking firm of Simons & Chew by the retirement of Mr.
Beverly Chew, Mr. James D. Simons, the Board member for
the past seventeen years, will continue the business under his
own name, and investors and others will find Mr. Simons an
experienced broker in his line of business.
Attention is called to the list of bonds presented in our
columns under “ Banking and Financial” by the well-known
firm of Coffin & Stanton. Parties desiring municipal and
other specialties should not fail to notice the card of this firm.
The new business of the United States Life Insurance
Company for the quarter ending March 31, 1887, exceeded
the corresponding quarter of 1886 by nearly 50 per cent, or
a gam of nearly half a million of new business.
Auetion Sales.—The following were sold at auction this
week by Messrs. Adrian H. Muller & S on :
h o u se .—
459
Unlisted Securities.—Quotations from both Exchanges:
SECURITIES.
Bid. Ask.
Amer. Tel. <ft Cable._____ 75
77
Atla.ife Char. Air L .,lst 7s
At. (ftPao.-l at M. C. D.new6 100 104
Bost. H. T.& West.—Stk. 20
23
Brooklyn Elev’d—stock.. 62
55
1st mort.......................... 106%
2d mort................... .....
82
California Paciflo......
Cape Fear <ft Yad.Val., 1st 95
Clies.&O., ser. B.vef. scrip
Chié. <&Atlantic.—Benef. *8% " 9 %
Chio. Santa Fe & Cal 6s.. 103 105
Cincinnati <fe Springfield "
Cont.Cons. Imp.Co.Tr.stk
Des Moines & Ft. Dodge.. "2Ö“ ........
Preferred..........
30
East A West RR. of A la..
Edison Electric L igh t.... 220
Flor. R ’way A Nav. C o...
4% 5
Prof.................................
7
8
Georgia Pao.—Stock........ 21
24
1st 6s..............................
2 (Is................................
65
60
Kanawha <ft Ohio..............
5
1st prêt........................... 22 ’ a i“
2d pref........................... 10
1st 6s............................. 74
77
K e«ly Motor___
17% 18%
Lake Erie & Western ... 23% 21
Lake Erie A West., pref
58
59
SECURITIES.
Mahoning Coal R R ,........
Bid. Ask.
*
9% ÌÓ
Pref...... ....................
29
30
1st mortgage_____ ____ 40
41
New Jersev A N. Y _____
Newp. News * Miss.Val..
N.Y.Chi. A St.L.,reo.2dM.
N. Y. W. Sh. <fc B.—Stook.
1%
North. Pao.—Dlv. bonds.. 97% 98%
Pensaoola A A tlantic.... 15
Peor. Deo. Evans.—2d M
Pitts. <ft West. R R ...........
Rome A D eoatu r..... . . . . .
St. Louis Ft. S. <ft Wtoh..
St. Paul E.& Gr. Tr., 1st 6s
Tol. A. A . (ft Mt Pleas.—1st
Tol. St.L,<fe Kan. d t —1st.
. .1
1 —
27% 29
93
95
8
104
96
18
96 ■97**
3%
4%
1*
Incomes............ .
West Va. R R .—1st, 6s... 100 ¡101
g auking and Jfiaaticial.
United States Government and other desirable
S E
C U R I T I E
S
FOB
I N V E S T O R S .
A ll stooks and bonds listed on the New Y ork Stook E xchange bought
and sold on commission for oash.
Deposit accounts received and Interest allowed on m onthly balances
subject to draft at sight.
H A R V E Y
F I S K
&
SONS,
28 N assau S t r e e t , N e w Y ork .
Brooklyn Cable Co. 6 per cents.
City of Atlanta, Georgia, 4 1-2 per cents.
Jersey City, Registered fi per cents.
Citizens’ Gas Eight Co., Gold, 6 per cents
Craxvfordsvllle, Ind., Water Works Compan
Gold, 6 per cents.
f
FOR SALE BY
COFFIN & STANTON, Bankers,
1 0 , 11 and 1 2 M ortim er B uilding, W a ll S treet, N. Y .
W e o ffe r , su b je c t to s a le , a lim it e d a m o u n t o f
THE ORANGE BEET RAILW AY CO.’S
F IR S T
M ORTGAGE
6
P E R CENT 20 Y E A R G O LD
RON DS,
----- D U E 1 9 0 7 . ----AT 97% AND ACCRUED INTEREST, THE PURCHASER R E C E IV
ING W ITH EACH $ 1 ,0 0 0 R O N D $ 2 5 0 OF TH E P A R
VALUE OF THE STOCK.
THE ORANGE BELT RAILROAD
(OF F L O R I D A )
extends from its connection with the Jacksonville Tampa & K ey W est
Railway at Monroe aloDg the west bank of Lake Monroe, southwesterly
through the towns of Sylvan Lake, Paola, Island Lake, Glen EtheL
Longwood, Altamont. F orest City, Toronto, Lakeville. Clarkona, Millers
and Crown Point to Oakland, located on the south shore of Lake Apopka,
Shares.
a distance o f 34 miles, and is being rapidly extended through to Point
Shares.
10 Murray Hill Bank......... 280
Pinellas
on the Gulf.
5 Importers’ & Traders’ Na
100 B’ way Nat. B k.,268% to 270
The Steel Rails have already been bought, the ligh t o f w ay seoured
tional Bank..................... 320
30 Citizens’ National B ank..1341«
and
the
grading
Is being rapidly pushed to complete this extension b y
10 Mineral Range RR. C o ... 131%
40 Oriental Bank....... .
191L>
the 1st of November, or not later than the 1st of January, 1888.
23
60 Pacific Bank.................II! 159% 160 Manhattan Oil C o............
This R oad passes through the most fertile lands o f tb e 8 t a t e o f Flor
66 Second Ave RR. Co....... 140»«
ida, and the most thrilty orange belt or the State. It is doing a very sat
Bonds.
25 Third Ave. RR. Co.......... 210
isfactory business, and earning more than the interest on its bonded
$550 Central R R . o f N. J., 6s,
27 N. Y . Fire Ins. Co 101 to 102%
debt over and above all operating expenses, &o., and when com pleted
debenture scrip..................... 94
104 Pacific Fire Ins. C o....... 1751«
w e see no reason w h y it should not pay handsome dividends on its
$7,000 Second Ave. RR. Co.
58 Rutgers Fire Ins. Co......144
.. 7s, con. conv., d u e ’ 88.102% &int. stook, as it is bonded for the small amount of $5,000 per mile These
5 Knickerbocker Antbrabonds are a first and only lien on the Road and equipment, and in addi
$5,000 Third Ave. R R . Co. 7s,
cite Co............................. $1 lot
tion are guaranteed prinoipal and interest by the Orange Belt Invest
reg., due 1890........... 103% & int.
20 American Diamond Burr
m
ent Company, which owns large mills at Longw ood that are earning
$o,000 Third A ve. R R . Co.
in « to5exC o.........................n o t
7s, reg. coup., due 1890.105 & Int. over $40,000 a year net, besides which the Company has valuable real
I® Manhattan L ife Ins. C o ..551
ertate
and other property, estimated in all, with the mills, to be worth
$4.000 N. Y. County 6s, Sol
80 Third Ave. RR. C o......... 210
$300,000, and wh -n the Road is finished to Point P inellas it Is estimated
diers’ Bounty Fund, reg.,
50 Christopher & 10th St.
that
the
Investment Company’s property w ill be worth at least $1,000.due 1890.................... 109% & int.
R R- Co............................. 130
000, not including the Railroad and its franchises.
$390 Jefferson Ins Co. scrip.. 50
T h e C o m p a n y reserv es th e r ig h t to re d ee m th e se B o n d «
a t a n y tim e a fte r five y e a r s, a u d i t Is b e lie v e d th a t th e y w i l l
1887.
Loans.
Specie. L. T’nders. Deposits.* Clronla’n. Agg.OPngs b e a b le to retire th e m a ll in five y e a r s, a s It is fo r th e In te r«
est o f th e G u a r a n to r s to d o s o , th e y b e in g th e o w n e r s o f TS
9
•
8
*
9
s
Mar 19 143,876,500
10.164.000
106.810.500 10,998.100 89.559,446 p e r c e n t o f th e s to c k , w h i c h , w i t h th e 2 5 p e r c e n t w e offer«
“ 26 141,839.000 9.992.000 2,278.100
2.473.400
102.324.300
10,847,500
79,347.691
Apt 2 140,430,300 9,847,800
2,168,500 104.435.500 11,288,000 96,370,161 w i l l o w n th e R o a d a fte r th e se B o n d s h a v e b e e n retired«
a n d w i l l be th e o n ly lie n u p o n th e R a ilr o a d e q u ip m e n t
Philadelphia Banks.—The totals have been as follows:
a n d fr a n c h is e .
1887.
Loans.
We look upon this security as a good investment, and with 25 per
Iaw iu I Mon’y
Circula’n Agg.Cl’ngs.
cent o f stock offered with the bonds, they should command the atten
$
$
tion o f the investing pablic.
Mar. 12__ 86,319.800 ~~
$
$
22.469.700
83,:
Interest January and July, payable at THE FARM ERS’ LOAN A
3.487.740 60.335.792
19.... 86.810,000
21.518.700
83.'
8.480.740 63.169,825 TRUST CO., NCtv York, who are tne Trustees o f the Mortgage.
” 28 .... 86,796,100
23,015,200
81,1
3,477.980
Api. 2 .... 87,269.200
58,541.247
22.306.800
83/
8.47m 7 to 62 257.‘>82
GRISWOLD & GILLETT,
* including the item “ due to other banks.
N o . 3 W a l l S treet, N e w Y o r k .
THEIICHRONICLE.
460
'Qlxz IÇ a u f e m ' © a ^ e l t s «
D I V I D E N D S .
{Vot. XLTV.
The following were the rates of domestic exchange os
New York at the under-mentioned cities to-day: Savannah,
buying $ discount, selling $ premium; Charleston buying
par@1-16 premium; selling $ @ $ premium; New Orleans,
T ie fallowing dividendi! have recently been annonnoed:
Maini o f Oompany.
R a ilr o a d « .
Boston & A lbany (quar.)..........
Pittsburg V rprin'ia A Charleston.
M is c e lla n e o u s
N. -Y. & Perry co a l & Iron (quar.)
Tennessee Coal A Iron.......... .
Books Closed,
(Days inelusive.)
Per
Cent.
When
Payable.
2
2*
A pril
April 4
1*
1
April 23 April 16 to April 26
A pril 8.
W A L L S T R E E T . F R I D A Y . A p ril 8 . 1 8 8 7 - 9 P . 1*1.
The Money Market and Financial Situation.—To-day
being Good Friday, the Stock Exchange and other Exchanges
e closed.
For the week ending last night the Wal¡¡Street situation
mproved materially. Business at the Stock Board showed a
ecided strength and activity, although it is to be remarked
hat the stocks most prominent were often specialties which
ere advanced under the management of their particular
ends and supporters.
The event of the week more talked of than any other was
he meeting of the Inter-State Commissioners and their connt to suspend for ninety days the operation of the long-andhort-haul provision of the law, on the application of certain
Southern railroads which claim to have competition from
water lines of transportation. This action of the Commission,
taken at the very beginning of their deliberations, has inspired
the public with much confidence as to the conservatism of their
future proceedings. There seems to be nothing worthy of re
mark in the fact that the first parties to obtain this ruling from
the Commissioners were the officers of Southern railroads, as
there is no reason to doubt that any other roads can obtain a
similar concession if they show grounds for it.
The main thing about the whole transaction is the fact that
five gentlemen o f prominent standing, either as lawyers or
business men, selected from different States, and brought
together in this important judicial body, do not intend to act
hastily to the damage of great masses of capital and to the
injury of whole districts of country whose interests hang
largely on the rates of transportation.
The little spurt in rates for money to stockbrokers on Thurs
day afternoon is thought nothing of, as the occurence of one
close holiday and Saturday and Sunday following offered a
temptation to bid up the rates for money.
The open market rates for call loans during the week on
tock and bond collaterals have ranged from 3$ to 7 per cent,
with an exceptional rise to 15 per cent on Thursday, the
usual rate to stock brokers being 5@ 6 per cent. Prime com
mercial paper is quoted at 5@ 6 per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £533,000, and the percentage of reserve to
liabilities was 45*51, against 48'57 last week; the discount rate
remains unchanged at 3 per cent. The Bank of France lost
3,425,000 francs in gold and 325,000 francs in silver.
The New York Clearing House banks, in their statement of
jfLpril 2, showed a decrease in surplus reserve of $1,807,025,
the total surplus being $4,379,825, against $6,186,850 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
^yqrages of the New York Clearing House banks:
1887.
A p ril 2.
Loan« and dis. ¥365,659,700
77.996,100
7,960,500
CfuSuulHxaun. . .
Met deposits.. 872,414.700
19,487,4 0
iLegal tendere.
B egal reserve «93,103.675
R e se rv e held.
97,483,500
Surplus.........
Differences f r ' n
Previous Week.
[n o.
Dec.
[n o.
Deo.
Deo.
Deo.
Deo.
1886.
A pril 3.
1895
A pril 4.
*256,700 «349,806,600 *302,757,100
1,606,600
78,459,800 104,484,400
312,700
7,974,100
10,954,800
2.287,500 370,838,000 352,684,200
772,300
26,241,100
30,812,500
*571,875 «92,709,500 «88,171,050
2,378,900 104,700,900 13o,296,900
«4.379.925 Dee. *1.007.025
«1 1 .991,400 ¥47,125.850
Exchange.—Sterling exchange continues very dull, the de
mand being limited from remitters. Rates have been firmly
maintained, however, in consequence of the small supply of
commercial bills and the continued low rates for money
ruling in London. It was expected that the Bank of England
¡rate would be reduced, and in anticipation of this the rate for
loqg sterling was advanced $c., but the directors made no
change at their meeting on Thursday. Posted rates to-day are
4 86 end 4 88.
To-day the rates on actual business were as follows, viz. ;
Bapkqrs’ 60 days’ sterling, 4 85$@4 85$; demand, 4 87(g)4 87$.
Cables, 4 87$@4 87$.
Commercial bills were 4 84;
«m tinental bills were: Francs, 5 21$ @ 5 21$ and 5 19$@
B 20: reiohmarks, 95J@95$ and 95J@95$; guilders, 40@40$
nd 40$ @40$.
The rates of leading bankers are as follows :
Amsterdam (guilders).................. .
Frankfort or Bremen (reiohmarks).
Sixty Day».
Demand.
4 86
4 835» » 4 8 4 *
4 8 3 )4 9 4 8 3 *
4 88
95)« » 9 5 *4
9 5*8 9 9 5 *
5 21* »5 2U* 5 2 0 9 5 1 9 *
40)4940*18
40 9 4 0 ‘ ie
United States Bonds.—Government bonds have been mod
erately active, the bulk of the business being, as usual, in the
4s and 4$s, though rather more than usual has been done in
the currency 6s. Prices have been firm and steady and ace
about the same as last week.
The closing prices at the N. Y . Board have been as follows
Interest
Periods.
4>«s, 1 8 9 1 ....... ...rekJ' ■Mar.
-M ar.
4 )9 8 ,1 8 9 1 ....... .coup
i s , 1907............ ..reg. ,.-Jan.
4s, 1 9 0 7 ........... coup. ¡.-Jan.
3s, option U. 8 . •••reg
•Fèb.
6s, our’ ey, ’ 95. ...r e g .
A 3.
6s, our’oy, ’96.
reg. J. A J.
6s, our’ey, ’97. ..reg . J. A J
6s, our’ey, ’ 98. ..reg . J. A J.
6s. our’ey, ’99. ..reg . J. A J.
ip .
T
109*
109*
*128*,
128*'
“9 9 *
*12 6*
*129*
*132
*1 3 4 *
*137
1 0 9 * •109*
1 0 9 * '109*1
’ 128*1 1 2 8 *
128*| * 1 2 8 *
*99 *! *9 9 *
•126*! ‘ 1 2 6 *
’1 2 9 * *12 9*
’ 132*1 *13 2*
•134*' 1 3 4 *
‘ 137 I 1 3 7 *
109*
’1 0 9 *
129
'1 2 8 *
100
126*
’ 12 9 *
’ 132*
•134*
137*
T
*110 ;
*110 1
129 ;
*129
*100
*1 2 6 *
*12 9*
*1 3 2 *
*1345»
*137*
* This Is the price bid at the m orning b o a rd : no sale was made.
State and Railroad Bonds.— State bonds have been active,
in sympathy with all the other markets, and the business hai
been shared in by a much larger number of bonds than usual.
Prices have been generally firm to strong. The closing price»
Thursday of a few of the leading bonds are as follows: Vir
ginia deferred, 13 ; Louisiana consol 4s, 91; North Carolina
special tax, 14$; Tennessee compromise, 75.
The market for railroad bonds has been more active than for
some time past, the business reaching quite large proportion»
at times, and prices have sympathized with the prevailing
strength of the stock market. The advance has been even
more steady than in the case of stocks, and nearly all claese*
have made more or loss improvement during the week, while
a few specialties have advanced quite sharply. It is notice
able, however, that the business has not shown much of a spec
ulative character as a rule, but has been well distributed. Tht
most active have been Atlantic & Pacific incomes, which have
advanced sharply on the increasing earnings of the road.
Other bonds showing special strength have been Fort Worth
& Denver lsts, New York City & Northern bonds, Green Bay
incomes, Richmond & Alleghany lsts, Ohio Southern income»,
St. Louis & San Francisco general mortgage bonds, and a few
others less conspicuous.
Railroad and Miscellaneous Stocks.—The stock market,
which made a fair beginning last week, has shown further
improvement during the week just passed, and transaction»
have been more or less active every day. The bull movement
has been devoted principally to specialties, and some of th»
leading stocks of the market have made very little improve
ment and have been somewhat neglected in the transaction».
The dealings in the active stocks, however, have reached larg#
proportions, and notwithstanding that the week is one day
short (the market being closed to-day) the transactions show *
good total. The improvement has been more steady than it
was last week and the rise has been much more pronounced,
though a reaction occurred on Wednesday, with a slight de
cline in a few stocks. This was short-lived, however, and on
Thursday the market resumed its upward course and mad»
further improvement.
There has been very little news of a general character to
affect the stock market, and the advance is the result of bull
sentiment in general and an active pushing of particular stock»
as above stated. The coal stocks have probably been the lead
ing feature, those included under this head advancing quite
sharply and steadily throughout the week, under varioui
rumors and reports.
These reports have related to th*
settlement between Jersey Central and Reading, &Dd
the improving prices for coal, which will make consider
able difference in the earnings of the coal-carrying roads.
Fort Worth & Denver has been prominent for activity, aud
after a very sharp advance re-acted again, closing near last
week’s figures. Atlantic & Pacific and the San Francisco»
advanced in the latter part of the week, under bull points in
regard to the earnings of the Atlantic & Pacific, and in con
nection with this movement, Atchison has also been advancing
in Boston. Among the grangers Northwest has been le»*
prominent than of late, and has rather hung back from th*
advance, while St. Paul shows a slight improvement. Many
of the less conspicuous stocks have improved, including
Kingston & Pembroke, Buffalo Rochester & Pittsburg, 8t
Paul & Duluth, Evansville & Terre Haute, Louisville N**
Albany & Chicago, &c.
461
THE CHRONICLE.
A pril 9, 188t' 1
STOCKS-PRICES AT N. Y. STOCK EXCHANGEE FOR WEEK ENDING A P R I L 8 , AND SINCE JAN. 1, 1887.
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
Apr. 2.
Monday,
Apr. 4.
Tuesday,
Apr. 5.
Wednesday, Thursday,
Apr. 7.
Apr. 6.
Friday,
Apr. 8.
A c tiv e B K . S to c k s .
13% 14
12% 13%
12*8 13
12*8 13
12% 13
Atlantic & Pacific....................
62% 62%
62% 62 *9 62
62%
62%
62
62%
62
Canadian P a cifie .--................
62%
61%
62%
61%
63
62%
63
6
l*
8
Canada Southern— - ............- • 61% 62%
77% 78%
74% 77
79%
76% 79%
78
73% 75
Central o f New Jersey....... .
40%
41
41
40
40% 40%
40%
39%
39% 39%
Central P acific.........................
*9
8%
9%
9
9
9%
8%
8%
*8%
*7%
Chesapeake & O l n o . ...- — *15
14% 15% *14% 15% *14% 15%
15%
15
15
Do
1st pref
10%
10% *10
10% 10% *10
10% *10
9%
9%
Do
2d pref
141 141%
L40
141 141
Chicago Bnrllngton & Quincy. 139% 140% 140% 140% 140
92% 93%
92% 93%
92% 92%
92% 92% 92*8 93%
Chicago Milwaukee & St. Paul.
122
121
121%
121
L2l%
122
120% 120%
Do
pref 121% 122
L20% 120% 121%
Chicago & Northwestern . . . . . 120% 121% 120% 121% 120% 120*8 120
*149%
149%
147% 148
148% 149 *148% 149
Do
pref. 147 147
125% 125% 125% 125% *125% 127
Chicago Rock Island APaoittc. 127 127% 126 126
20% 20%
20% 20%
20% 20%
20
20
Chicago St. Louis & Pittsburg. 19% 21
47%
47
47% 48
47% 49
47% 48
49
46
Do
pref.
52%
51%
52%
51%
52%
51*e
51% 52
51% 52%
Chicago St. Paul Min. & Om
112%
11
1%
11
2
112
L12
112%
113
112
112%
112%
Do
Pref65
65%
65% 65%
65% 65%
65% 65%
65
65
ClevclandCol .Cin. A lndianap.
32% 32*8
32% 34
32% 33%
31% 31*8 32% 33
Columbus Hocking Val.&Tol.
135% 137
136% 137% 136% 137%
Delaware Lackawanna &Wes’ 134% 134% 134% 135
31% 31%
31
31
31% 31%
31% 31%
Denver A Rio G., assessm’t pd 30% 30%
64% 64%
65
64
64% 63% 63%
64% 65
64*8
Do
pref.
14%
14% 14%
14
13% 14%
14% 14%
13% 13%
Bast Tennessee Va. A Ga. R ’y.
*75%
76
76%
*75% 76% *75
76% 76%
76
Do
1st pref. *74
26% 26%
26%
26% 26*r 26% 26%
26
*25% 26
Do
2cl pref
93
97
87% t86% 87% 88
90
87
Bvaneville A Terre H aute.. . . *85% 86
43%
42% 44% 43*8 45% 42% 44*8 42
42%
42
Port Worth & Denver C ity—
16%
17
16*r 16% 16%
15% 16%
16
15% 15%
Green Bay Winona A St. Paul.
130
L30
L30% 131 131
129 129
130
Illinois Central......................... *128% 130
í>730 *27
27*4 27
27*a 27
Ind. Bloom. A West., ass. p d ..
44
45% 44% 45%
44*8 45%
44% 45
43%
Kingston <&Pembroke............
95% 96%
95%
96%
95%
96%
95% 95*8 95% 96%
Lake Shore A Mich. Southern.
97
97
97% 97%
97% 97%
Long Island..............................
67%
68%
67%
67
67%
67
67% 68
66% 68
Louisville A Nashville............
«1
fid
65
Louis. New Alb. A C hicago...
156
Í56
155% 155% 155% 155%
Manhattan Elevated, con sol.. 155% 155*« *155 ~ 156
63
64
64% 62
64
59
59
58% 58%
58
Memphis A Charleston..........
93
93
93%
93%
93
93% 93% 93
92% 93
Michigan Central.....................
87
87
88
88
88
88
89%
88
88
88%
Mil. Lake Shore A West..........
LIO *109 111
110% 110*8 109% 110% 110
Do
pref. 110% 111
20
19% 19%
20
20%
20% 20%
19*8 19*8 20
Minneapolis A St. Louis.........
44% 45
44% 45
*44% 45
44% 44* r 45% 45%
Do
pref.
33% 34
32% 33%
33% 33%
32% 32*a 32*8 33%
Missouri Kansas A Texas.......
108*8 109%
108% 109
Missouri Pacific....................... 108% 108*8 108*8 109% 108% 109
17% 17%
17% 18% *17% 18%
16% 18%
18% 18%
Mobile A Ohio......................... .
86% 86%
86
86
86
86
86% 87
Naahv. Chattanooga A9t. Louis 85% 86%
112% 113%
112% L13
New York Central & Hudson 112*8 112% 113 113% 112% 113
19% 20
20%
20
20% 20% 20%
Mew Y. Chic.A St. L., assent’ d 19% 19*8 20
34% 34%
33
34% 34% 35
32
34
32
Do
p r e f, absented. 31
34%
35
34% 35
34% 34*8
Mew York Lake Erie A West’n 34% 34% 34% 35%
74
73
73%
74
74% 73% 73*8 73
73% 73%
Do
pref.
64%
63%
63% 64% 63% 64%
64%
64
64
64%
Mew York A New England...
19% 19%
19%
19
18% 18%
18% 18%
18% 19%
New York Ontario A West___
13% 13%
13% 13*8 13% 13%
13
13% 13%
13%
Mew York Susq. A W estern...
37% 37*8
37% 37*8 37% 38% 37% 38%
37
37%
Do
pref.
22
22
22% 22% 22% 22% 21*8 22%
22%
Morfolk A Western................... 22
52% 53%
51% 52%
52*8 53% 52% 53
51
52%
Do
pref.
29
29
28% 29
28% 29
28% 28%
28*8 29%
Morthem Pacific.......................
60% 61
60
60% 60*8 60% 60% 60% 61%
60
Do
pref.
31% 32%
32%
32% 32% 31% 32%
32
31% 31%
Ohio A Mississippi...................
34% 35%
33% 34% 34% 34%
33% 33%
Oregon ATrans-Contineutal. : 33% 33%
35
36%
35%
35% 35% 35
35
35% 35% 35%
Peoria Decatnr A Evansville.
42% 43%
39% 42%
39%
41*8 43% 42% 43%
39
Philadelphia A Reading.........
7%
7%
7%
7%
6%
6%
6%
7
Richmond A Alleg., receipts..
41% 41*8 40% 41%
40% 41
41% 42%
Riohm’d A West P ’nt Terminal 41% 42
74
75
76%
75% 76
76
Do
pref 75% 75%
86%
86
85
Rome Watertown A Ogdens b’g 85
85
85
36% 37%
34% 35% 35% 37%
34% 35%
34% 34%
St. Louis A San Francisco___
72% 73%
70% 71% 70% 72%
69% 70
70^2 71%
Do
p r e f ....
_ Do
1st pref 115 115 *114% 115% 115% 115% 115% 115% 115% 116%
64
67%
Bt. Paul A Duluth..........
62% 63
63%
62% 63% 63% 63%
63
109% 109%
1081« 1081« 109
L09
Do
p re f.............
118% 118% 118% 118%
Bt. Paul Minneap. A Manitoba *117 118
118 118
118 118
29% 30
29% 30
29% 30%
29% 29*r 29% 29%
Texas A Pacific, 2d ass. paid.
61% 62%
Union Paclfio......................... .
61
61%
61
60% 61% 60% 62%
61%
20%
20%
20
20%
20
20% 20
Wab. St. L. A P.,P. Com. repts.
20
19*8 19%
35%
33% 33*e 34
33% 33%
33% 34%
33% 34
Do
pref.
m is c e l l a n e o u s S t o c a s .
44
Colorado Coal A iro n ........ ..
41% 42% 41% 42% 42
41% 41*8 41% 42%
84*a 84*e
Consolidated Gas Co.......... .
85
84% 84*a 84% 84%
85 1 85
85
Delaware A Hudson C anal... 101*8 101*8 102% 102*« 102% 103% 103% 104% 103% 105
38% 38%
Oregon Improvement Co____
40
39
Oregon Railway <s Nav. C o ... 102 102
102 hi 102 hi
101% 102% 102 102%
Pacific Mail..........
57% 58%
58
55% 55%
56% 57% 57
55% 56%
i nß 1 A7
IAJyIo 1 Arilo * ___106
Philadelphia Co., NatVtias*
105 105
Pullman Palace c ar Co
152% 152% 152% 153
152 152
152% 152% 153 153
Western Union Telegraph...". 76% 77%
76% 77%
77% 77*8 76% 77% 76*8 77%
E x p r e s s S to ck s.
Adams...........................
144% 144% 144% 144% *143 145 *143 144% *143 145
American.................................. 109% 108% 109 109% 109*8 HO
109% 110
109
LIO
United States.............Y.’.'.'.
63
63
63
63
*62
63
63
63
*62
63
Wells, Fargo A Co.........
129 L29
*127% 131
128% 128% 128 129
128 128
I n a c t i v e S t o c k s ." ” "
Atchison Topeka A Santa Fe. 105% 105% 105*8105*a
107% 107% 107% 103
Buffalo Roch, dt Pittsburg
74%
65
69% 71
67
69% 71
72% 74% 72
Central Iow a ...............
11% 11% *11
13
*11
Cincinnati Wash. A Bal timore".
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
T,__ Do
pref.
9%
9%
9%
9%
8%
8%
9% 10
9%
9%
Deny. A Rio Grande Western.
22% 23
22% 22*8
20% 21
21% 23
21% 21%
Keokuk & Dee Monies............
12% 13
12
13
13
12
12% 13
12
12%
Do
do
pref.
30
31% 31%
30%
30
31% 31%
31
Mexican Central......................
lß i« "f¿% í¿ %
16% 17%
16*2 1 6*3
Morris A Essex...................
138 So 1385. 137 137
is s a , is s a i
Ohio Southern..........
20% 20%
20% 21
2 Í%
20% 21%
Oregon Short Line ..".’ ” ” ” ”
29*3 29*3 29% i
29% 30
Ht. Louis Alt. A Terre Haute., *31
34
*33
34
33% 33% 33% 33% *31% 34
ot. Louis A fk. & Texas.
23% 23%
23
23 ,
23% 23%
23% 23%
Southern Pacific Co . ".".......
34% 35 :
34% 34% *34% 34%
Cameron Iron A Coal.......” ”
44% 44%
44% 45
45
45%
45
*45
45
45%
Columbus A Hooking Coal___
45% 46%
45% 45%
45*8 46%
45% 46%
45% 46%
Mew York A Perry Coal..
72
72
72% 72*8 72% 72*8 72% 72%
72
72%
Tennessee Coal A Iron___
47% 47%
48% 49*8 43% 49%
50
49
48
49
V a r io n s S t o c k s , A c . (Uni isted.)
Amer. Cotton Oil Trust..........
51*8 54%
53% 54%
54
55%
54% 55%
53% 54%
Pum Line Certificates..............
63% 63% ; 63% 63%
64
64%
65%
63% 66
64
f-0*® E- A West., ex-rights. „
22
22
22
21
22% 22*8 22% 23%
21% 22%
, pref., ex-n gh ta...
56% 58
57
56%
59%
57
55%
58
57%
55*8
Ohio. A ind. Coal R v ...............
68
68 hi 69%
68%
69% 70%
66% 66%
69
68
Do
pro!
96% 99%
99
99%
99
*98% 99
99% 100
99
Boston H. A E r ie ,n e w .......!
27% 29% 29% 31%
31
32% 30% 32%J 28% 30%
2¿%J
These are the prices bid and a«ired • no sale was made at the Board.
t Low er pries Is ex-dividend.
Sales
o f the
Week,
Shares
Range since Jan. 1 ,1 8 8 7 .
Lowest.
Highest.
21,040 10*8 Feb.
2,507 59% Mar.
20,815 52% Feb.
81,157 55*8 Jan.
2,000 33 Feb.
8 Feb.
350
399 14ia Mar,
9 Mar.
37
914 136*8 Jan.
140,269 85% Feb.
1.318 11714 Jan.
23,996 110 Feb.
1,442 138% Jan.
936 124% Mar.
7,990 16 Feb.
10,664 35 Jan.
17,900 45*2 Feb.
4,210 106 Feb.
1,750 59 Feb.
6,065 28*8 Mar.
153,617 131% Feb.
2,790 21*8 Feb.
3,520 56% Jan.
4,685 12% Mar.
100 71% Feb.
4,872 21% Feb.
6,688 84 Mar.
103,260 21% Feb.
22,390 12 Jani.
608 128*8 Feb.
1,615 17% Feb.
26,458 38% Mar
57,630 90 Feb.
386 93 Jan.
73,475 57 Feb.
4,238 58 Jan.
710 154 Jan.
11,750 51 Jan.
4,160 86 Jan.
1,085 66% Jan.
2,300 98 Jan.
920 17% Feb.
2,250 40% Fob.
54,530 26% Feb.
9,355 '104% Feb.
1,900 14% Feb.
6,800 79% Feb.
7,409 110 Feb.
4,390 16% Mar.
13,955 27 Mar.
104,060 29% Feb.
6.150 65% Jan.
41,375 51 Jan.
1,899 15% Feb.
13,715 11 Feb.
14,416 31 Feb.
4,042 17% Feb.
27,462 43% Feb.
4,760 26% Feb.
8,525 56% Feb.
17,222 22% Feb.
28,084 29*8 Jan.
11,785 30% Jan.
513,915 34 Fei».
5*8 Mar.
1,050
35,702 37% Mar.
72
Mar.
1.318
368 80 Feb.
14,670 30 Jan.
17,260 61% Feb.
1,370 112 Jan.
6,865 55% Jan.
226 07 Jan.
670 113 Feb;
36,615 23% Feb.
88,915 53*8 Feb.
10,250 13% Feb.
19,540 23% Feb.
14 Apr.
68% Jan.
63% Jan.
79 % Apr.
43% Jan.
9% Jan.
17 Jan.
11% Jan.
13 141% Apr.
1 93% Apr.
122% Mar.
121 % Apr.
29 149% Mar.
18 127% Apr.
1 21 Apr.
27 49 Apr.
I 5 ' % Apr.
1 113% Apr.
I 65% Mar.
14 39% Jan.
1 138 Jan.
3 31% Apr.
24 66 Jan.
14 17 Jan.
1 82% Jan.
Í. 32 Jan.
12 97 Apr.
4 45% Apr.
28 17 Apr.
24 135 Jan.
4 27% Apr.
24 45% Apr.
1 96% Jan.
15 98 Feb.
3 68% Apr.
22 66 Apr,
fl 158% Jan.
27 64% Apr.
27 93% Apr.
6 90% Mar.
4 111*8 Mar.
20% Apr.
45% Jan.
34 Apr.
110% Feb.
19% Jan.
88% Jan.
114% Jan.
20% Apr.
35 Apr.
35% Apr.
74% Feb.
66 Mar.
20% Jan.
14 Feb.
38% Feb.
23% Jan.
54 Jan.
29% Apr.
61% Jan.
32% Apr.
35% Apr.
36% Feb.
43% Apr.
11% Feb.
53 Jan.
87% Jan.
95 Jan.
37% Apr.
73% Apr.
117% Jan.
67% Apr.
110 Mar.
119% Feb.
30% Apr.
62% Apr.
20% Apr.
35% Apr.
23,525
1,635
11,693
225
2,225
45,538
719
2.151
80,160
15
180
135
745
1,110 96%
5,350 33%
100 10
3,510
4%
2,905
7%
5,030 19
5,700; 10
2,200, 30
8,550 13%
185 127%
2,020 17
1,406 26
200 30
1,050 21
1,400 29%
700 39%
8,910 35%
1,630 62%
6,635 41
37,588
4,Q71.ooo
6,787¡
12.359
4.655
3.100
3,800
42%
60
21
52
19
44
86*8
105
47
104%
58%
115
153%
78%
Apr. 7
Feb. 2
Apr. 7
Jau. 13
Jan. 3
Apr. 7
Feb. 8
Mar. 28
Mar. 9
148
Jan.
110%
Jan.
Feb. 17 64%
Jan. 25 130
Feb. 1 0
Feb. 16
Jan. 11
Feb. t
35% Feb.
79 Jan.
100% Mar.
38 Feb.
96% Feb.
48% Jan.
105 Feb.
139% Jan.
70% Feb.
139%
107
62
126%
7
13
3
5
3
8
13
20
7
7
23
1
28
2
2
2
4
1
30
11
3
7
13
3
13
3
7
5
7
28
1
5
14
8
7
5
3
5
4
28
28
2
13
7
25
8
3
17
4
6
4
25
29
3
14
14
3
13
4
3
4
7
10
6
18
17
17
17
7
7
8
7
Jan.
Jan.
Feb.
Mar.
Feb.
Mar.
Mar.
Apr.
Jan.
Mar.
Mar.
Mar.
Jan.
Mar.
Mar.
Jan.
Feb.
Jan.
Mar.
108 Apr.
74% Apr.
15% Jan.
7 Jan.
10% Jan.
23% Jan.
14 Jah.
36 Jan.
17% Apr.
141% Feb.
21% Apr.
31 Jan.
35 Jan.
25 Feb.
36% Jan.
49% Jan.
47 Apr.
72*8 Apr.
54% Jau.
7
6
10
13
14
13
13
13
7
11
4
3
20
12
10
27
1
5
14
Mar. 1 64% Jan. 3
Feb. 18 7 ‘- % Jan. 11
Apr. 5 26% Jan. 20
Jan. 5 63% Jan. 2 9
462
THE CHRONICLE.
[VOL. XLTY
PONDS—LATEST PRICES OF ACTIVE BONDS AT N. Y. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 188?
Closing.
Railroad Bond».
Apr. 7 Apr. 1
Range since Jan. 1.
Lowest.
29
AtL & Pac.—W. D. ino., 6s, 1910 32%
25% Feb.
86%
85% Mar.
Guar., 4 b, 1 9 3 7 . . . . . . . .............. 86%
Can. South.—1st guar., 5s, 1908 106% 106% 104% Feb.
92%b. 90% Mar.
2d, 5s, 1913................................1 92%
86 Feb.
Oen. Iow a—1st, 7s, ’ 99, coup, oft 91 b.
Central o f N. J.—1st, 7s, 1890.. 107 b. IÖ7 b. 105% Feb.
112%b. 107% Jan.
Consol. 7s, 189$, assent.......... 113
Convert. 7s, 1902, assent....\ . 112%b. 112 b. 109 Jan.
105 Apr.
Adjust. 7s, 1903........................ 105
83% Jan.
Convert, deb. 6s, 1908............ 94
113 b. 110 Jan.
L e'h A W.B.,eon.7s, 1909,as’nt 114
Am . Dock & Imp., 5s, 1921. .. 103% 103
99 Jan.
Central Pacific—gold 6s, 1898.. 116%b. 116%b. 113% Feb.
San Joaquin Br. 6s, 1 9 0 0 ,....... 113% 112%b. 111% Feb.
102 Apr.
Land grant 6s. 1890................. 103
115 a. 112 Mar.
Cbes. & O.—Pur. m. fund 6s, ’ 98
77 %b. 76 Mar.
6s, gold, ser. B. 1908, coup, oft 77%
Exten. coup., 4s, 1 9 8 6 ............ 73 a. 73 a. 73 Mar.
6s, currency, 1 9 1 8 ................... 27 %b. 27%b. 27 Feb.
97 Mar.
Mort. 6s, 1 9 1 1 ..........................
101 Feb.
Ches. O. &8o. W.—5-6s, 1 9 1 1 ... 106%
Chicago A A lton—1st, 7s, 1893. 116 b. 116 b. 115 Jan.
Chic.Bur. & Nor.—1st, 5s, 1926. 10i% b. I04%b. 104% Jan.
Ohio. Burl. & Q.—Deb. 5s, 1913. 108% 107 b. 106 Jan.
Denver D lvls., 4s, 1922...........
97% Mar.
101
Chic. A Ind. Coal R., 1st, 5s, ’36 103
98% Jan.
Ch.Mil.A St.P—1st, I.& M.7s, ’ 97 121 b. 122 b. 120% Jan.
130 b 128 Jan.
Consol. 7s, 1905....... - .............. 129
115 Feb.
1st, So. Min. Div.—6s, 1910.... 117% 118
106% Jan.
1st, Chi. A Pac.W .Dlv—5s, ’ 21 108%
W is.&M in. D iv.—5s, 1 9 2 1 .... 105%b. 105%b. 105% Apr.
103 %b. 102% Mar.
Terminal 5s, 1914..................... 103
Chic. A N. W.—Consol. 7s, 1915 139%b. 139 b. 138% Apr.
130 Feb.
Gold, 7s, 1902........................... 132 a. 131
Sinking fund 6s, 1929............. . 117 b.
117% Jan.
Sinking fund 5s, 1929.............. 103%b. 108 b. 108 Jan.
Sinking fund debent. 5s, 1933 110 b. 110 b. 108% Jan.
25-year debent. 5s, 19 09....... 107 b. 107 %b. 107% Jan.
Chi. R. I. & Pac.—6s, coup. 1917. 133% 133%b. 130 Jan.
109
Exten. A col. 5s, 1934.............
108% Mar.
Ch. St.P..M.& O.—Consol. 6s. ’30 122%b. 122
120% Mar.
St. Paul A S. O .- l s t , 6s, 1919 124 b. 124 b. 124% Apr.
100 b. 98% Jan.
Ch.St.L.A Pitts.—1st, con. 5 s,’32 101
C. 0. C. A Ind.—Gen. 6s, 1934 .. 111 a. 110 b. 107 Jan.
Col. Coal & Iron—1st, 6s, 1900.. 103% 101%
98% Feb.
79 %b. 75 Mar.
Col. H. Val. A To!.—Con. 5s, '31 80
76 a. 70 Mar.
Gen. gold, 6s, 1904..................
Denver & Rio Gr,—1st, 7s, 1900 119%b.
118% Feb.
78%i>. 76% Feb.
1st con. 4s, 1936 ...................... 79%
81%b. 79%
Den. A R. Gr. W .- 1st, 6s, 1911
79 Mar.
75%
Assented.................................... 77%
73% Mar.
D en. So. Pk. A Pao.—1st, 7s, ’OS 75. b 76 b. 75 Jan.
55
Det.M ac.& M .—Ld.gr.3%s,1911 55%
49% Feb.
99
E .T e n .V .A G. R y.—Con.,5s, ’56 99%
98% Feb.
103% 103% Apr.
Eliz. Lex. A B. S a n d y -6 8 ,1902.
Erie—1st. consol, goid, 7s, 1920 136 a. 135
132% Mar.
Long Dock, 7s, 1 8 9 3 ............... 114 b. 114 b. 113% Jan.
Con. 6s, 1 9 3 5 ......................... Il7% a .
115 Jan.
101
N. Y.L.E.&W—2d con. 6s, 1969 102
93% Feb.
Funded coupon, 5s, 1969. ..
88% Feb.
93%
P t. W. A Denv. C. -1 s t, 6s, 1921 94%
88% Jan.
Gal.Har.A San. A nt.—1st, 6s, ’ 10 107 b. 107 b. 106 Feb.
2d M., 7s, 1 9 0 5 .........................
110% Jan.
97%
West. Division—1st, 5s, 1931. 97%
97 Mar.
2d, 6s, 1 9 3 1 ...........................
92% Jan.
103 b. 99 Jan.
G r’nB . W. & S t.P ,—1 st,6s, 1911
42
2d income 8s, 1911................... 44%
38 Jan.
G u lf Col.&San.Fe—1st,7s, 1909 121%b.
120% Jan.
Gold, 6s, 1923............................ 102%b. 102% 101% Jan.
Henderson Br.Co.—1st, 6s, 1931 107 b. 106 %b. 106% Mar.
H.&Tex.C.—IstM .L . 7s, oou. oft 114 b. 114% 112% Jan.
108 %b. 108 Mar.
1st, West. D., 7s,1891,cou. off. 109
1st,W aco A N. 7s, 1903, cou. oft 115 b.
113 Feb.
2d, consol. M. L. 8s, 1$12....... 95 b. 103
94 Feb.
Gen. mort. 6s, 1921.................. 72%a. 72%
66% Feb.
111. Central—1st, gold, 4s, 1951 108 b107 Feb.
Gold, 3%s, 1951........................ 97 b.
98 Jan.
Ind.BL A W.—lst,p re f.,7 s, 1900 120 b.
119% Jan.
95 %b. 91% Jan.
1st, 5-6s, 1 9 0 9 .,......................... 97
86
2d, 5-6s, 1909...........................
84 b. 77% Jan.
Eastern Division—6s, 1 9 2 1 ... 96%
91 Jan.
31%
Incom e, 6s, 1921...................... 34%
30% Jan.
Int. & Gt.Nor.—1st, 6s, g o ld ,’ 19 I20%a. 120 b. 117 Jan.
Coupon, 6s, 1909...................... 96
96 a. 93 Jan.
Kent. Centr.—Stamped 4s, 1911
64 Jan.
Knoxv. & 0 .—1st, 6s, gold, 1925 96%b. 95 b. 95% .Tan.
LakeSh.—C on.coup.,lst,7s,1900 128 a. 126 b. 125% Feb.
123%b. 122% Jan.
Con. coup., 2d, 7s, 1903.......... 124
L ong Island—1st, 7s, 1898......... 122%b. 122 b. 121 Feb.
1st, consol., 58 ,193 1............... 114%a.
113 Feb.
Lou. A Nash.—Consol., 7s, 1898 118 b.
118 Apr.
N. O. A Mobile—1st, 6s, 1930. 107 %b. 106% 105 Jan.
2d. 6s, 1 9 3 0 ........................... 95 %b.
90% Jan.
E. H. A N.—1st, 6s, 1919......... 114%b. 114%b. 115 Jan.
General, 6s, 1930...................... l l l % b . 110% 107 J an.
Trust Bonds, 6s, 1922.............. 107% 107
104% Jan.
10-40, 6s, 1924.......................... 103 b. 103 a. 98 Jan.
Lou. N. A. A Ch.—1st, 6s, 1910. 109%b. 110 b. 109 Jan.
Consol., gold, 6s, 1916............. 94
94
93 Apr.
Mem. & Ch’lston—6s, gold, 1924
101 b. 101 Jan.
Metro. Elevated.—1st, 6s, 1908 118%b. 118
117 Jan.
2d, 6s, 1 8 9 9 ............................. I l l b. 111
10978 Jan.
Mich. Central—1st, con., 7s. '02 130 b. 129%b. 127% Jan.
Miss’riPao.—1st, cons., 6s, 1920 118% 117% 114% Feb.
3d, 7s, 1906............................. 125 b. 125 b. 122 Jan.
102%b. 102%b. 102 Feb.
Pao. o f Mo.—1st, 6s, 1 8 8 8 ...
2d m ort., 7s, 1891.............. 109 b. 109 b. 108% Mar.
Closing.
Railroad Bonds.
Highest.
32% Apr.
90 Jan.
107 Mar.
95% Jan.
90% Jan.
110 Jan.
113% Mar.
113% Mar.
107% Jan.
94 Apr.
116 Feb.
103% Mar.
118% Mar.
115% Mar.
105 Mar.
114 Mar.
81 Jan.
75% Jan.
32 Jan.
100 Feb.
106% Mar.
116% Mar.
107% Mar.
108% Apr.
99 Jan.
103 Apr.
122% Jan.
130 Jan.
118 Feb.
109 Jan.
10678 Jan.
103% Feb.
142 Jan.
133 Jan.
l 2 o Jan.
110% Mar.
110% Mar.
108% Jan.
135 Jan.
110% Feb.
122% Apr.
127% Jan.
102 Feb.
111 Mar.
103% Mar.
887e Jan.
91 Jan.
120% Feb.
80 Jan.
82 Apr.
78 Jan.
80 Jan.
55% Feb.
99% Jan.
108 Jan.
136 Jan.
115 Mar.
120 Mar.
102% Apr.
94 Apr.
95 % Apr.
109% Mar.
111 Jan.
100% Jan.
92% Feb.
106% Apr.
45 Apr.
122% Jan.
105 Mar.
110 Feb.
114% Mar.
110 Jan.
115 Mar.
104 Apr.
72% Apr.
108% Jan.
99% Jan.
124% Feb.
97 Feb.
86 Jan.
96% Apr.
34% Mar.
122 Mar.
98 Feb.
72 Feb.
100 Jan.
128 Jan.
124 Feb.
124 Mar.
115 Feb.
121% Feb.
108 Apr.
95% Apr.
116% Mar.
112 Mar.
108 Feb.
103 Apr.
110% Jan.
97 Mar.
106 Apr.
119 Jan.
111% Mar.
131 Apr.
119 Apr.
125 Mar.
105 Jan.
110 Jan.
A pr. 7 Apr. 1
Rangt since Jan. 1.
Lowest.
121 b. 118 Feb.
Mil. Lk.Sh. A W.—1st, 6s, 1921. 121
117
Michigan Div.—1st, 6s, 1924.. 115
114 Jan.
105%b. 101% Feb.
Incom e, 6s, 1 9 1 1 ............... .
Minn. A 8t. L.—1st, 7s, 1927___ 132 1 130 b 132 Jan.
Imp. A Equip.—6s, 1922......... 85 1 83 b. 8678 Feb.
101%
Mo. K .& Tex.—Con., 6s, 1920... 102
96% Feb.
87%
ConsoL, 5s, 1 9 2 0 . . . . ................ 89%
83% Feb.
111% 111
109% Feb.
Consol., 7s, 1904-5-6....... .
Mobile & Ohio—New, 6s, 1927 .. 113 a. 112% 1087s Feb.
104% Apr.
1st, Extension, 6s, 1927..........
ls tp r e f. d eben tu res,7 s. . . . . . . 64 %b! 64 à. 60 Jan.
877sb. 84% Feb.
Mutual Un. Tele.—S. f., 6s, 1911 89
129 b. 128% Mar.
Nash. Ch. & 8t. L.—1st, 7s, 1913 130
N.Y. Central—Extend., 5s, 1893 10678 106% 105% Jan.
134%b.
133 %b. 133% Jan.
N .Y .C .& H .—1st, cp., 7s, 1903
107 b. 106 Mar.
Debenture, 5s, 1904..............
132
b.
131 b. 131 Apr.
N.Y.&Har.—1st, 7s, 1900.......
97
N.Y.Chio.&St.L.—1st, 6s, 19 21.. 97
85 Jan.
96
a.
92%b. 70 Jan.
2d mort., 6s, 1923.....................
71 %b. 65% Jan.
N.Y. C ity * No.—Gen., 6s, 1 9 1 0 . 75%
N.Y. Elevated—1st, 7s, 1 9 0 6 .... 121%b. 122% 121% Mar.
N. Y. Lack. A W.—1st, 6s, 1921. 128 b. 128% 125% Jan.
Construction, 5s, 1923______ 107 %b. 107 b. 107 Feb.
N. Y. Ont. A W.—1st. 6s. 1914.. 108 b. 107% 107 Jan.
N.Y.8us. & W —ls t ,6 s ,’ ll,c p .o fi
91% Jan.
71%b. 69 Feb.
Debenture, 6s, 1897, coup, oft
109 b. 110 Apr.
Midland of N. J.—1st, 6s. 1910
N. O. Pacific— 1st, 6s, 1920........ 83%b. 83%
75% Feb.
North. Pacific—1st, coup.,6s, '21 I17% b 117
115 Feb.
105
Gen’l, 2d, coup., 1933.............. 105
10378 Jan.
James R. Val. -1 st, 6s, 19 36.. 108 b. 103 b. 106% Jan.
N. Pac.Ter.Co.—1st, 6s, 1 9 3 3 ... 105% 105 b. 104 Jan.
Ohio A Miss.—ConsoL, 7s, 1898. 119 b. 118%b. 117% Mar.
2d, consol., 7s, 1911
118 Jan.
Springfield Div.—'7s, 1905 . . . . 112 a. 111 a. 109 Jan.
108 a. 102 Feb.
Ohio Southern—1st, 6s, 1921. .. 109
2d, ino., 6s, 1921....................... 45 b. 45%
40 Jan.
93%b. 9 1 7a Mar.
Oregon Impr. Co.—1st, 6s, 1910 94%
Ore. R. & Nav. Co.—1st, 6s, 1909 110 b. 110 % 108 Jan.
Consol,, 5s, 1925....................... 105 b. 105% 102% Feb.
Oregon & Transoon.—6s, 1922.. 102% 101 % 100 Feb.
112%b. 110 Mar.
Peo. Deo. A Evans.—1st, 6s, ’ 20.
84 b. 81% Jan.
Income, 6s, 1920....................... 85
108 b. 108 Mar.
Evansv. Div— 1st, 6s, 1 9 2 0 ... 109
84 b. I 79% Jan.
Incom e, 6s, 1920...................
Rich & All.—1st, 7s, 1920, tr. rec 76
717s
66 Jan.
Riohm. & Dan.—Cons., 6s, 1915 113%a. 113 '
111% Mar.
Debenture, 6s, 1927 ................ 108 b. 112%b. 106 Feb.
Rooh. A Pitts.—1st, 6s, 1 9 2 1 ... 120 b.
114 Feb.
Consol., 6s, 1922....................... 117 b. 116 b. 103 Jan.
Rome W. & Ogd.—1st, 7s, 1891.
110 Jan.
101% 101% Apr.
Consol., extend., 5s, 1922....... 102
St Jo. &Gd. Isl.—1st, 6s, 1925 . 108% 107% 105% Mar.
70
2d, incom e, 5s, 1925................ 73%
70 Mar.
St. L. Alt.& T.H.—1st, 7s, 1894. 115 b. 115 b. 114 Jan.
2d, M., pref., 7s, 1894.............. 112%a. 112%%. 110 Feb.
2d., M., ino., 7s, 1894............... 107 %b. 107 %b. 107 Feb.
Dividend bds, 6s, 1 8 94............ 35 b.
35 Jan.
101
St. L. Ark. A T ex.—1st, 6s, 1936 101
98% Feb.
53
2d, 6s, 1936.............................. 53
49% Feb.
111
St. L. & Ir. Mt.—1st, 7s, 1 8 9 2 ... 111
110 Mar.
2d mort., 7s, 1897.......... .......... 114 b. 114
113 Jan.
Gen. R y. A land gr., 5s, 1931. 94%a. 94
94 Apr.
116 b. 115% Jan.
St. L. A San F r .- 6s., Cl. A ,1906
116 b. 114% Jan.
6s, Class B, 1906.......................
6s, Class 0 , 1906....................... 117%a. 117% 114% Jan.
Gen’l mort., 6s, 1931............... 113
111% 108% Feb.
So. Pao., Mo.—1st, 6s, 1 8 8 8 ... 102 b. 102 b. 101% Jan.
St. Paul M. A M.—1st, 7s, 1909. 115 b. 118
110% Jan.
118 b. 118% 118 Feb.
2d, 6s, 1909....................
1st cons., 6s, 1933 ................... 119 b. 119 b. 113 Mar.
Do
reduced to 4% s.. 99 %b. 99 b. 93 Feb.
Shenandoah V al.- 1st, 7s, 1909 97%b. 96%
96 Jan.
Gen’l mort., 6s, 1921....... .
38%
37 Mar.
So. Carolina—1st, 6s, 1620......... 99 b.
98% Apr.
2d, 6s, 1931................................ 80 a.
80 Jan.
Ino., 6s. 1931............................. 25 a. 24%b. 19 Mar.
So. Pao., Cal.—1st, 6s, 1905-12.. l l l % b . 110 %b. 110% Feb.
So. Pao., ArL—1st, 6s, 1909-10..
110 Feb.
So.Pao., N. M —1st, 6s, 1911. ..
106% Jan.
Tex. A Pao.—Ino. A Id gr, 7s, ’ 15 62%
62 %b 58% Feb.
R io Grande Div.—6s, 1930 . .. 74
73 %b. 64 Feb.
Gen. mort. &term., 6s, 19 05..
65 b. 65 Mar.
90 b. 89 Jan.
Tol. A. A. & N. M.—1st, 6s, 1924. 92%
Tol.A.A. & Gr.Tr.—1st, 6s. 1921
105 b. 103 Jan.
Tol. Peor. A West—1st, 7s, ’ 17 . 108 b. 108
104 Jan.
Tol. A Ohio Cent.—1st, 5s, 1935 97 b. 96%b. 95 Jan.
Union P acific—1st, 6s, 1899___ 118% 119
114 Jan.
_____
_______
1 ............... 103%b. 103 %b. 102 Jan.
Land 0_____I
grant, 7s,
1837-9
Sinking
115 Mar,
_
- fund, -8s, 1893............
- 1895___ I115%b.
113 b 116
Kan.
Pacific—1st,
6s,
111% Feb.
1st, 6s, 1896........ .................. 113 b. 115 a. 111% Jan.
D enver D iv.—6s, 1899......... 115 b. 115 b. 114 Jan.
1st consol, 68, 1 9 1 9 ____ . . . 108
107% 104% Mar.
Oregon Sh. Line -1 st, 6s, ’ 22.. 105
103
101 Mar.
Virginia Mid.—Inc., 6s, 1 9 2 7 .... 96%a. 98 a. 96% Mar.
Wab. St.L. & Pac. - Gen., 6s, ’ 20 57 b. 57 a. 49 Jan.
Chicago Divison—5s, 1910___ 98
97
89 Feb.
Wabash—Mortgage, 7 s, 19 09.. 88%
88%
84% Mar.
Tol. A Wab.—1st, ext., 7s, ’90 114 b. 113%b. 110% Jan.
1st, St. L. Div.. 7s, 1889....... l l l % b . I l l
106 Jan.
2d, extended, 7s, 1893.......... 103%b. 102 b. 99 Jan.
Con., oonv., 7s, 1907............ 93 %a. 93%
84 Mar.
Great West.—1st, 7s, 1888___ 113%b. 89 b. 109 Jan.
2d, 7s, 1893............................ 103 %b. 102%b. 99 Jan.
St.L.K.C. &N.—R.e& r.,7s,’95. 110 b. 1197sb. 109 Mar.
West Shore—Guar., 4 s......... .
103
Ii 0278 102% Mar.
Highest.
122 Apr.
117 Jan.
107 Apr.
133 Jan.
90 Jan.
102% Apr.
89% Apr.
13% Jan.
112% Apr,
106 Jan.
66% Mar.
89 Mar.
130 Jan.
10678 Apr.
136 Mar.
1097e Feb.
133 Jan.
99% Feb.
97 Feb.
76% Apr.
123 Jan.
128% Apr.
110 Jan.
110% Feb.
95 Feb.
71% Jan.
114 Jan.
86 Feb.
118 Apr.
107% Mar.
109% Feb.
105% Mar.
119% Jan.
119 Jan.
111% Feb.
109% Mar.
47% Jan.
95 Apr.
110% Mar,
106 Jan.
102% Apr.
114 Jan.
85 Jan.
112 Feb.
86 Mar.
77 Apr.
113% Jan.
113% Mar.
120 Mar.
117 Apr.
111 Apr.
104% Mar.
108% Apr.
75 Apr.
115 Apr.
112% Mar.
108 Jan.
38 Jan.
101% Mar.
55% Jan.
115 Jan.
114% Mar.
99 Jan.
115% Jan.
117 Apr.
117% Apr.
113 Apr.
104% Jan.
118 Apr.
121 Mar.
120 Jan.
100 Mar.
100 Jan.
45 Apr.
107% Jan.
80 Jan.
28% Jan.
112% Jan.
110 Feb.
106% Mar.
66% Feb.
75% Feb.
69% Jan.
92% Apr.
105 Mar.
112 Feb.
99% Jan.
119% Mar.
102% Jan.
120 Feb. ■
114% Mar.
115 Mar.
116% Mar.
108% Apr.
107% Jan.
99 Jan.
60 Jan.
98% Apr.
89% Apr.
114 Feb.
111% Jan.
103% Apr.
95% Jan.
113% Mar.
103% Apr.
112% Feb.
103% Jan.
Note —The letter “ b” indicates prioe hid, and “ a” price ask ed ; all other prices and the range are from actual sales.
S T A T E BONDS.
SECURITIES.
Alabam a—Class A , 3 to 5 ....... 1906
Class B, 5 s . . . ........................1906
Class C, 4 s , . . . . ...................... 1906
6s, 10 2 0 ................................. 1900
Arkansas—6s, fu nded.. 1899-1900
7s, Little R ock A Fort Smith, iss.
7s, Memphis A Little Rock, iss..
7s, Arkansas Central R R ............
Georgia—7s, g old .....................1890
Louisiana—7s, cons................. 1914
Stamped, 4 s...................................
Michigan—7s.............................1890
,B i d .
Ask.
SECURITIES.
108% 109% Missouri—6s....... due 1889 or 1890
112% 114
Asylum or University, due 1892
105
PlinrUng___
1894-1895
104 107
10% 12%
6s, loan ................................... 1893
26
28
North Carolina—6s, o ld ............J&J
30
Funding act ................... ,...1 9 0 0
" 9 % 12
New bonds, J. & J . . . . 1892-1898
107 109
100
91
91%
107
6s.............................................. 1919
Bid.
Ask.
SECURITIES.
107% 109% Rhode Island—6s, cou .,1 893 -J89 4
112
South Carolina—6s, non-fund. 1888
115
Brown consolidated 6 s....... 1893
115
Tennessee—6s, old .........1892-1898
118
Compromise, 3-4-o-6s..........1912
35
New settlement—6s.............. 1913
12%
58........................................... 1913
22
3s........................................... 1913
15
Virginia—6s, old................................
15%
6s, consolidated bon ds.................
iö ö
6s, consolidated, 2d series..........
123 125
6s, deferred, trust reo...................
Bid.
116
7%
109%
64%
75
106%
102%
78
48
90
65
13
Ask.
8
111
66
76
110
107
78%
13%
THE CHRONICLE.
A p r il 9, 1887.J
^ 4 6 3
BONDS—STOCK EXCHANGE QUOTATIONS ON FRIDAY OF INACTIVE RAILROAD BONDS.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
R a ilr o a d B on d s.
Erie—1st, extended, 7 s ........... 1897
119
2d, extended, 5 s ................... 1919
(Stock Exchange Prices.)
\
3d, extended, 4 * s s ................ 1923
Atcli. Top. & San. Fe—4*28... 1920 . . . .
4th, extended. 5 s................... 1920 .........118
Sinking fund, 6s ...................1911. —
5th, 7 s ......................................1888 104*2 JOS
Beecn Creek - 1st gold. I s . . . . .19361 . . . .
1st, cons., fd. coup , 7s___ 1920 127
Balt. & O h io- 1 s t 6s, Park B ..1919 *122 124
110*2
Reorg., 1st lien, 6s................1H08
5s. g o ld .................- .............. 1925 . . . .
112
B.
N. Y. A E . - l s t , 7 s.......... 1916 137
Registered.......... ...............V i : » ' . ” / ;
95
N. Y. L. E. A W —Col. 1r., 6sl9 2 2
Boat. H. Tun. A W .—Deb. 5s... 1913 * 95
,, Buff. A S. W.—Mortg. 6 s .. . . 1908
Burl. Cedar Rapids & Nor—
I
1st 5 s .................................... 190o ..... 109
Evan. A T. H . - l s t , eons., 68.1921 118*4
Consol. & col. tr, 5 s............ 1934j ...........¡102*2 I Mt. Vernon—1st, 6s.............. 1923 112
Evans. A Indian.—1st, con s...1 9 2 6 108 112
Registered...................
[•-••• Minn. &St. L .- l s t 7 s , gu .19271*132*4
F l’t A P. Marq.—Mortg., 6 s ... 1920 119
Grand Rap. A Ind.—Gen. 5 s..1924
95
Iowa C. A West. - 1st 7s ... 1909
R egistered............................
Ced. Rap. I. F. A N., 1st 6 s .1920
Han. A St. Jos.—Cons., 6s...... 1911 119*2 120
1st 5 s....................................1921
Houe. E. A W. Tex—1st, 7 s . ..1898
Buff. N.Y A Phil.—Cons. 6 s . ..1921
68
45*2 Illinois Cent.—
Trust certificates.................... •
Spd.
D
iv.—Coup.,
6
s
............1898
117
General 6s,..............................1924
Middle D iv.—Reg., 5 s ........ 1921
Trust certificates..............
C. St, L. A N. O.—T en .l.,7 s. 1897 '118
Central Iowa—
„ —„
1st, consol., 7 s ................... 1897 '118
Eastern D iv isio n -1st 6s ..1 912
2d, 6 s ....................................1907
Illinois Division—1st 6s....... 1912
Gold, 5s, c o u p on ................1951 116*2
Chesapeake & Ohio—
Registered........................
6s, gold, series A ................... 1908 106*s 107
Dub. A S. C.—2d Div., 7s ...1 8 9 4
Ches. O. & So. West.—
Ced.
Falls A Minn.—1st, 7 s .1907 105*2 108
2d 6s........................................ 1911
Indianap. D. A Spr.—
Chicago A A lton—
1st,
7s,
ex. fund, coupon....1 9 0 6 102*2
Sinking fund. 6s.....................1903
Lake Shore A Mich. So.—
Louis. A Mo. River—1st 7 s.. 1900 12114
121
|
Clevo.
P.
A A.—78 ................1892 111 113
2d 78.....................................1900
Buff. A E ".—New bonds, 7 s .1898 120
St. L. Jacks.& Chic.—1st, 7 s . 1894 '116
118
116
Kal.
A
W.
Pigeon— 1st, 7 s... 1890
1st, guar. (564), 7 s ........... 1894
Det. M. A T.—1st. 7 s ............1906 126*4
2d mortg. (360), 7 s............1898
Lake
Shore—Div.
bonds, 7 s .1899 120
2d, guar. (188), 7s..............1898
Consol., reg., 1st, 7 s ........ 1900 124
Miss. R. Bridge—1st, s.f. 68.1912 105
Consol.,
reg.,
2d,
7 s .......... 1903 123*2
Chic. Burling. & Quincy—
Mahon’g. Coal RR.—I s ', 5 s .1934 106
Consolidated, 7 s ....... .
...1 9 0 3 131
Long
Island
RR.—
5s, sinking fu nd.....................1901
Iow a D iv .—Sink, fund, 5s.. 1919 112
N. Y. A M. Beach—1st, 7 s.. 1897
98
Sinking fund, 4 s ................ 1919
N. Y. B. A M . B .—1st,g .,58.1935
Plain, 4s.................................. 1921
Louisville A Nashville—
Chic. Burl. A N o .-D e b . 6 s .... 1896
Ceoilian Brancn—7 s ............1907
111
Chi. R. Isl. & P a c —6s, co u p .. 1917 132*2 134
Pensacola D iv.—6s............... 1920 102
Registered...................................... 132
St. Louis D iv .—1st, 6s ......1 9 2 1 112 %
Ext. A Col., 5 s .......................1934
2d. 3s................................... 1980 *58
61
Registi r e d ..................................
Nashv. A Decatur—1st, 7s.. 1900 121
Keok. A Des M.—1st, 5s ... . 1923 107 109
S. A N. Ala.—S. f., 6 s ....... ..1 9 1 0 106
Chicago Milwaukee & St. Paul—
Louisv. C. A L.—6 s .............. 1931
1st, 8s, P. D ..........................1898 131*2 13 2
Pens. A At.—1st, 6s, g old .. 1921
95*2 97*2
2d, 7 3-1 Os, P. D ................... 1898 122 124
Lon. N. O. A Tex.—1st, 5 s ___1934
1st, 7s, $ g., R. D ................ 1902 129%
Manhat. Beaoh Imp. Co.—7s. 1909
90”
1st, La Crosse Division, 7 s.. 1893 120
M exican Central— 1st, 7 s.......1911
1st, I. A D., 7s........................1899 125
E x ooupons 6 ,7 , 8 . . ......................
1st, C. A M., 7s.......................1903 130
61% 62
New assented, 4 s ................... 1911
1st, 7s, I. A D. E x t............... 1908 130 131*2
Incom e b o n d s........................ 1911
1st, S. W. Div.. 6s..................1909 117*2 119
Mioh. Cent.—1st, con., 5s........ 1902 110
1st, 5s, La C. A Dav .............1919 105*2 108
6 s ............................................. 1909
1st, H. A D., 7 s ..................... 1910 124*2
Coupon. 5 s ............................1 931
110
1st, H. A D., 5s...................... 1910
Registered, 5 s........................ 1931
Chicago A Pacific Div., 6 s ..1910 120
Jack. Lan. A Sag.—6 s .........1891 104
Chic. A Mo. Riv. Div., 5s . ..1926
Milwauk. A North.—1st, 6 s ... 1910 110 110*2
Mineral Point Div., 5s.........1910 104*4 106
Extension, 6 s ................... ...1 9 1 3
107*2
C. A L. Sup. Div., 5 s............ 1921 104 *s
Milw. Lake 8. A West.—
Fargo A South., 6s, Assu ...1 9 2 4
Ashland Div.—1st, 6s....... ..1 925
115*4
Inc. oonv. sink, fund 5s........1916
93
Minn. A St. Louis—
Dakota A Gt. South., 5s.......1916
Iow a E xt.—1st, 7 s................1909 118
Chioago A N orth w estern 2d m ortg., 7 s.........................1891
Extension bonds................... 1926 95*2 96*2
Southwest E xt.—1st, 7 s ___1910
Escanaba A L. S.—1st, 6 s ... 1901 '116 118
Paciflo E x t.—1st, 6 s ............1921
Des M. A Minn.-1 s t , 7 s ___1907
Minn. A Pac.—1st mortg. 5 s ..1936
102
Iowa Midland - 1st, 8 s ........ 1900 130
Minn. A N. W.—1st, 5s, g old..1934 104*2 105*2
Peninsula—1st, oonv., 7 s __ 1898 121*2
Missouri Kan. A T.—
Chic. A Milwaukee—1st, 7s. 1898 123 125
Cons., 2d, in com e..................1911
95
Win. A St. P .-2 d , 7s............ 1907 '132
H. A Cent. Mo.—1st, 7s....... 1890
110
MIL A Mad.—1st, 6 s ............ 1905 115
Mobile A Ohio—
Ott. C. F. A St. P . - l s t , 5 s.. 1909 107 107*2
Collateral trust, 6 s............... 1892
Northern 111.—1st, 5 ............1910 107
St. L. A C a iro -4 s, g u a r ___1931
74
Cin. I. St. L. A Chicago—
Morgan’s La. A T . - l s t , 6s___1920
1st, gold, 4 8 ...........................1936
121
1st, 7 s ...............................,...1 9 1 8
R eg istered ........................
Nash. Char. A St. L.—2d, 6s.. 1901 HOQ 111
Cl. Col. Cin. A Indianap.—
N. Y. Central—6 s .....................1887 102*4
1st, 7s, s. f d ............................1899 123
N .J. June.—Guar. 1st, 4s.......1986 103 104
Consol. 7 s .............................. 1914 '128*2 130
Registered certificates.................
Consol, sink, fd., 7s
1914
N. Y. P. A O.—Prior lien, 6 s .. 1895 108
Chic. St. Paul M. A O.—
N. Y. A New Eng.—1st, 7 s ....1 905
Chic. S. P. A Minn.—1st, 6S.1918 126 128
1st, 6 s .........................
1905
No. Wisconsin—1st, 6s.........1930
N.Y. Susq.AWest.—1st,ref. 5s. 1937
92
Chic. A E. 111.—1st, s. f., cu r.. 1907 117 118
N.
Y.
N.
H.
A
H.—1st,
reg.
4s.
1903 108 110
Consol., 1st, 6s.......................1934 113
Northern P acific—
Chic. A W. In d .—1st, s.f., 6 s ..1919
Spok. A P al.—1st, s. fd., 6 s .1936 105
General mortgage, 6 .............1932 113
St, Paul A N. P.—Gen., 6 s ..1923 116
Chic. A St. Louis—1st, 6s.......1915
R egistered...................................
Col. A Green.—1st, 6s.............. 1916 105
N.
O. A No. E .-P r . 1., g., 6s ..1915
110
2d, 6 s . ...........
.1926
Norf. A W.—Gen., 6s................1931 112
Del. Lack. A West.—Conv. 7 s!l8 9 2
New River—1st, 6s................ 1932
115
Mortgage, 7 s . . . ..................... 1907
135
Imp. A E xt., 6s...................... 1934 "9 7 ’
99
Byra. Bing. A N. Y .—1st,7 s .1906 131 135
Adjustment M., 7 s .................1924
105
Morris A Essex—1st, 7s....... 1914 143 144
Ogd.
A
Lake
Ch.—1st,
6s
.....1920|
100
7 s.. .......
i 8 9 i 110
Ohio A Miss.—Cons., 8. f., 7 s ..1898 119 120
Bonds, 7 s . .................
1900
General 5 s...............................1932
7« o f 1871.............. : : : . : : : . i 9 o i
Ohio Cent.—1st Tt-r. Tr., 6 s ... 1920
1st, con., guar., 7 s .............1915 135 137*2
Min. Div.—1st, 6 s ..................1921
Del. A Hud. Canal—1st, 7 s ... 1891 109*2 110*2 Oregon A Cal.—1st, 6 s ............ 1921
1st, ext,, 7s............................. i 8 9 i
112
Panama—Sink, fd., sub., 6 s ...1 9 1 0
103
Coupon, 7s,............................. 1894 114
Peoria A Pek. U’n—1st, 6 s....1 9 2 1
112*3
Registered, 7s.....................1894
116
2d
M..
4*28.............................
1921
Ast, Pa. uiv., coup., 7s.........1917 140
Pacific R R .-c e n t r a l Pacific—
Registered...........................
Gold bonds, 6 s ...................1895 116
Albany A Susque.—1st,'7 s.*.*1888 *104*4
Gold bonds, 6s................... 1896 116 117
1st. cons., guarr, 7 s .......... 190b 127
Gold
bonds, 6s....................1897 116*2
Registered...........................
Cal. A Oregon—1st, 6s___1888 101*2
ls£ cons., guar., 6s’.V.V.V.1906 119
Cal.
A
Oregon—Ser. B., 6 1892 103
Registered......................
West. Pacific—Bonds. 6 s .... 1899 115*4
Rens. A Sar.—1st, cou p '"7 s.1921 143
No.
Railw
ay (Cal.)—1st, 6s. 1907 120
_ Registered............... .
143
Union P a c.-1 s t , 6 s.............. 1896 117 117*2
Det. Mack. A Mar.—
1st, 6s...................................1897 117 118
1st, 6 s . . . . . . . . . . .
1Q21
1st, 6s...................................1898 117*4
i^ T naj\9' * a i p - - is t , 6 : : : : i 9 i 3
104
Col. Trust, 6s.......................1908 106
ni
Va- & Ga.—1st, 7 s ... 1900 123
CoL
Trust, 5 s ...................... 1907 100 105
«.Divisional 5 s ..........................1930
U. Br. U. P.—F. c., 78 ....... 1895 105
Eliz. C. A N.—S.f., deb., 6s. ..1921
Atch.
Col. A Pac.—1st, 6s . 1905 105% 106
_ 1st mortg.. 6s . . . . . . . . . . . . . . . 1 9 2 0
Atch. J. Co. A W.—l s f, 68:1905
106
I'o pi ice F riday; these are latest quotations m ade this week
SECURITIES
Bid.
Ask..
Union Paciflo—( Continued)—
Ut. So.—Gen., 7 s ..............1909
91
91
Exten., 1st, 7 s ............... 1909
91%
St. Louis A San Franoisools t, 6s, Pierce C. A O ........ 1919 *105
Equipment, 7 s ................... 1895 108
Gen. m ortgage 5s.............. 1931 100 101*»
Kan. City A 8.—1st, 6s, g.1916
Ft. S. A V. B. Bg.—1st, 6s 1910 *......... 109
St. L. K .A S o.W n.—1st, 6s. 1916 103
Tex. A P ac.- 1 s t , 6 s............ 1905 *114
1st, 6s, ox coupon.............
Consol., 6s..........................1905
Con. 6s, ex cou p on .......... ..
Trust receipts......................... * i o o "
Pennsylvania RR.—
1
Pa. Co.’s guar. 4*28,1st o p .. 1921 105*3 105%.
Pa. Co.’s 4*23, reg...............1 9 2 1 105*4
Pitts. C. A St. L.—1st, op., 7s. 1900 *119
Registered...................... .
2d, 7s....................................1913
Pitts. Ft. W. A C.—1st, 7 s ... 1912 ......... 142
2d, 7 s....................... ¿ ..,....1 9 1 2
139*»
3d, 7 s ..................................1 9 1 2
135
Clev. A P .-C on s ., s. fd., 7 s .l« 0 0 *129 130*9
4tli, sink, fd., 6s................. 1892 107
St. L. V. A T. H. - l s t , g., 78.1897 *118
2d, 7 s ............ ....................... 1898 105 110 }
2d, guar., 7 s .........................1898
Pine Creek Railway—6s of 1932
Pitts. Cleve. A Tol.—1st, 6s .. 1922 113*3
Pitts. Junction—1st, 6 s.......... 1922
Pitts. M cK . A Y .—1st, 6 s....... 193i
Rich. A Danv.—Assen. deb., 6s. 1927 1 0 8 " i i < T
Consol, raort., gold, 5 s .........1937
94
Atl. A Char.—1st, pr., 7 s . . . . 1897 *114
In oom es.............................. 1900
Rich. AW . P t.T er’l. Trust 6 s.. 1897 ......... .........
Scioto Val.—1st, cons., 7 s .......1910
Coupons off............ ..............
65
68
St. Louis A Iron Mountain—
Arkansas Branch—1st, 7 s.. 1895 112 115
Cairo A Fulton—1st, 7 s .......1891 106 % 107
Cairo Ark. A T .—1st, 7 s __ 1897 114
St. L. A lton A Ter. Haute—
Bellev. A So. HI.—1st, 8s. ..1 896 120 125
Bellev. A Car.—1st, 6 s .........1923 *110 113*3
St. Paul Minn. A Man.—
Dakota Exten.—6 s....... .....1 9 1 0 120 121
Min’s Un.—1st, 6 s.................1922 112
St. Paul A Duluth—1st, 5 s ....1 9 3 1
Sodus Bay A So.—1st. 5s, g ...l9 2 4
Tex. Central—1st, s. f., 7s ....1 9 0 9
78
1st mortg. 7 s ......................... 1911
78
Tex. A N. O.—1st, 7 s ............... 1905 115
Sabine Division, 1st, 6s....... 1912 102*3 103*3
Vir. Mid.—Genl. 5s...................1936
95*3
Wab. St. Louis A Pac.—
Havana Div.—6s...................1910
Indianapolis Div.—6s.......... 1921
92*3 95
Detroit D iv.—6 s ................... 1921
Cairo D iv.—5s........................1931
Tol. A W ab.-E q u ip . bd s.,7 sl8 8 3
85
Quin, A Tol.—1st, 7 s.........1890
Han. A Naples—1st, 7s___1909
111. A So. Iowa—1st,ex. 6s 1912 92*3 100
St, L. K. C. A N . Omaha Div.—Tr. Co.reo.1919
117%
Clarinda Branch—6 s___1919
St.Charles B r’ge—1st,6s. 1908 104*3 105
No. Missouri—1st, 7 s .........1895 117% 118
Wab. St. L. A Pac.—Iow a Div., 6s
Trust Co. re ce ip ts.................
60
West. Union Tel.—Coup. 7 s .. .1900 119 ....... r
R egistered.......................................
N. W. Telegraph—7 s ............... 1904
Wheeling A L. E., 1st M. 5s. .1926
Term. C. I .A R ’y .—Consol., 6s. 1901
South Pitts.—1st, 6 s ............ 1902
Bir. D iv.—1st con. 6s............ 1917
91
93
Col. A Hock. Coal A I.—6s, g ..l9 1 7
In co m e H onda.
(Interest payable ij earned.)
Atlantic A Pacific—
Centi al Division—Incom e.. 1922
Cent. Iow a—Coup, debteertf’s
Chicago A E a 8 tlll.—Incom e.. 1907
Des M. A Ft. D .—1st inc., 6s. 1905
Det. Mack. A Marq.—I n c ....... 1921
Eliz. City A Nor.—2d in c ........ 1970
Ind’ap. Dec. A Spr.—2d in c .. 1906
Trust receipts........................
35
39
Leh. A Wilkesb. Coal................ 1888 95 100
Lake Erie A W e ste r n Incom e 7 s............................... 1899
Sandusky D iv.—In c o m e ___1920
Lafayette Bloom ’gton A Muncie—
Incom e 7 s .............................. 1699
Mobile A Ohio—
2d pref. debentures......................
36
3d pref. debentures......................
28
4 th pref. debentures......................
22
N .Y. L. E. A West.—Inc., 6s. .1977
Ohio Central - Min. D iv.—
Incom e 7s................................1921
Ogdensburg A Lake Champlain
Incom e.................................... 1920
Roch. A Pittsb.—I n c o m e ....... 1921
60
St. L.I.M. A S.—1st 7s, pf., int. acc’t.
Sterling I. A R ’y, series B.—I n c .’94
Plain income 6s.....................1896
Shenandoah Valley—Inc. 6 s.. 1923
F r e e L is t.
Bradf. Bordell A K.—1st, 6 s .. 1932 55
60
Cin. A 8p.—1st M.C.C.C.A I.7e.l901
120
1st M. g., L. S. A M. S „ 7S...1901
East A West, Ala.—1st, 6s___1912
99
Gal. H. A H. of ’82—1st, 5 s.. 1913
79
Jefferson R R .—1st, 7 s............ 1869 103
Mil. A Lake Winn.—1st, 6s___ 1912
N. Jersey South.—Guar. 6 s ...1899 100 101
N.Y.Woodh. A Rock.—2d inc.. 1912 ’ 10
11*3
Pitts. Brad. A Buff.—1st, 6 s ...1911 88
89
Valley RR., O.—Con. gold fis .192*
\
464
THE CHRONICLE.
New York City Banks.—The following statement shov s the
condition of the Associated Banks of New York City for the
week ending April 2, 1867:
[V O L. X L I V .
Latest Earnings Reported-.
R oads .
Week or Mo
1887.
1886.
Tan. 1 to Latest Date.
1887.
1886.
$
9
495,694
421,487
Cln.Wash. A Balt 3d wk Mar
104.400
98.2168
Average Amount of —
Olev.AkronACol 3d w k Mar
50,010
42,460
Clev. & Canton. February.
Net Deposit* Circula
Banks.
547,102
554,425
Legal
Clev.Col.C.&Ind February
other
Loans and
Specie.
tion.
79,213
Tenders.
65,325
Col. & Gin. Mid. 4th wkMar
Discounts.
than U. S.
404.811
319,044
Col. Hook.V.AT. |February
16,111
12.440
February
$
$
$ a
& Rome .-. ■ *
$
45.000 Col.
2 J,141
52O.CO0 10,030,000
28,620
11,070 000 1070.000
Danb’y ANorwk February
New Y o rk .......
9,09
U
00
198,(
001
1,684,333
1,003,(00
1,329,834
0,115,000
Manhattan Oo.
45.000 Denv. & Rio Gr. 4th wkMar
0.501,300
892.000
718.000
142,276
6.703.000
127,590
February
Mor< bants’ ......
Denv.
&
R
.G
.W
.
7.726.000
474.« 00
71.659
9.055.000 1.495,1 00
75,457
Mechanics'......
Dee. Mo. A Ft.D. 3d w k Mar
895.400, 8.765.400
11.130.50 I 1.275.000
50,035
America.......... .
262,000 Det.BayC. A Alp. February
2.590.000
81.100
591.000
2.009.000
Phenlx__ ......
246,890
252.611
35,518
Det.Lans’gA No. 4tli wsM ar
217,600 10,653,700
9 079.000. 3.937,600
City..................
42,174
3,12o
00,000 Det.Mac.A Marq 3d w k Mar
36,877
2,859.100
191.600
406.400
2.730.000
Tradesmen’s ...
8-’ ,366 1,088.588
1.664.000
916,296
115 000
483.800
E.Tenn. Va. AGa. 3d wk Mar
1.368.000
Fulton.............
23,04ft,'«00
56,059
3,134!
856.000
7,832,100
4th
wkMar
19,021,600
Evans.
AInd’plis
Chemical...... .
102,000
177.921
211.000 3.587.000
711.600
154,734
15.073
20,688
3.213.400
M^rehat ts’ Excb.
621.500 Evansv. A T. H 4th wkMar
3.939.400
388.500
648,500
578,341
67,850
511,620
79,723
5.366.100
Gallatin Natloi al
244,100 Flint A P. Marq 4th wkMar
1.879.200
53.300
438.000
256.771
1,946
300
230,235
21,752
19, -(18
Ratchet s' & Dror
Fla.R. A Nav. Co 3d wk Mar
2.030.000
304.000
128.000
1,71-6,000
133.508
4,530
74.215
10.982
Meehanlcs’ A Tra
4th
wkMar
"»GOO
Ft. W. A Den.City
1.231.600
143.400
131.300
1.201.000
Greenwich...........
175,053
66,234
124,482
79,969
536,000 Georgia Pacilio.. February
2.686.000
260,200
481.000
8.359.100
Leather Manni’rs
426.087
367,501
39,463
50.356
44,000
d
wk
Mar
1.401.800
69,700
374.400
Gr.
Rap.
A
Ind..
1,358.900
Seventh Ward.___
8.609.300
184.800
602.600
Grand T ru n k .. Wk Mar. 26' 367,723 304,649 3,708,233 3,380,722
8>3öOO(
Stato of N. Y ......
60.933
40,343
21,378
30,223
1.025.000 14,244,000!
GD.BayW .A8t.P February
Americ’n Exch’ge. 16.732,000 2.633.000
1,005,600
11,512,200
375,264
290.011
797.500
186,183 135,788
February
Commerce............ 17.621.900’ 2,4««2.000
45.000 Gull Col. A S. Fe. 3d
5.269.300
317 000
097.800
517,983
534,589
48,854
6.857.400
45,841
wk
Mar
Hons.ATex.Cent
Broadway..............
£01,700
7.084.200
476.000
7.296.400 1,656.900
796,481 857,753 1,756,429 1,610.502
Mercantile............
ULCent. (111.ASo) February
2.040.600
131.000
477.600
2;482.1 Oo
15,2791
20,728
7,422
11,148
P acific..................
Cedar F.AMln. February
2 '« ’,200
8.395.400
328
600
1.056.000
7,7
79,900
119.508
119,094
Republic........ .
7 0 ,la 0
58,96
Dub. ASloux C February
45.000
5.107.600
216 200
4.740 800 1.069.300
Chatham...............
90,276
75,440
48,452
40,410
February
2.275.200
la. Falls A 8.C.
271.600
70.000
1.879.100
Peoples’ .................
225,153
215.259
106,792 129,779
3.656.800
808.700
392.300
Tot. Iow a lines February
8,124.300
North A m erica....
45.000
2,834,345
978,584
3,052.538
1,070,957
M
arch—
3.086.300
376.200
12,639,600
Total all lines.
Hanover................ 11.029,100
88,700 Ind.
6 2 »,797
578,896
51,098
71,128
684.000
167.700
3.039.000
2.983.000
Bloom. A W. 4th wkMar
Irving....................
45.000
69,550
67,118
31,998
690,(00
115.200
28,567
3.018.000
2.816.700
Ind. Deo. A 8pr. February
Citizens’ ...............
253,501)
339.000
117,576
42,273
3.469.400
23,885
60,000
February
8,028,70
Nassau................ .
42 A 500 Jack. T. A K. W 3d
133.400
671,900
2.059.100
582,814
504.133
54,545
3,161.« 00
49,653
M taker,.............
wk
Mar
K.
C.Ft.8.
AGulf.
238
000
64.000
1.872.000
288,292
2,(
82,700
427,778!
37,332
31,037
€ti‘ Nicholas.........
447,605 Can. C. 8p. A M, 3d wk Mar!
601.00
216.000
8.560.000
8.283.000
40,111
52,745
Shoe & Leather..
4,677
4,247
Can. C.C1. A 8 p 3d wk Marl
887.*• 00
263.000
5,931,700
6.520.500
Corn Exchange...
47,414
40,986
22.185
23,09«
47,300 Keokuk A West. February .
945.000
480.000
6.457.000
4,656.600
Continental...........
307,995
365.321,
26,862
54,649
4th
wkMar
23-,
00
273.000
2.280.000
Lake E. A West.
2.200.100
O riental...............
32,093
087
3OÒ
40,591
15,334
19,665
888.200 22.823.800
LehighAHudson February .
Importers’ A Trad. 20,826,500 5.022.000
43,921
45.000 L. Hk. A Ft.Smith January ..
67,430
U*,000
43,921
67,436
987.000 24.302.300
Park....................... 19.976.30C 5,7
481,976
265,t
00
509,448
50,469
123.000
49,379
2.165.000
4th wkMar
1.931.000
North R iv e r ........
224.000 Long Isla n d ..... January
213.000
35,740
,
89,100
1.020.800
35,740
40,982
40.982
1,181,100.
..
East River............
360 000 Louts. A M o.R lv.
187,109
221,194
18,710 50 3,852,200 1.253,700 19.720.000
21,266
25,100
Fourth National
45.000 Louis.Ev.ASt.L 4 th wkMar
.COO
106.000
9.219.000
3,204,902
3,711,991.
322,6-15
Central National . 3.008.000 1,(09
440,025
4th
wkMar
Loulsv.A
Nashv.
46.000
005,100
271,(00
3,958.( 00
8.217.000
362,243
475.338
Second National..
44,314
66,912
46 030 Lon.N.Al.AChio. 4th wkMar
273.000
5.592.100
1,145.400
5.208.00
Ninth National....
550,172
426,998
449.000 Loulsv.N.O. AT. M a rch ..... 152,879 128,040
481.100 21.914.000
First National...... 22.342.700 4.781.600
1,129,141
1,250,087
270.000
Manhattan E l... F ebruary. 596,420 547,568
5.557.000
5,380 300 1,134 200
Third National....
67,665
86,630
802*200
6,417
7,692
3d
wk
Mar
118.400
1.242.500
Mar. Hough. A O.
198.200
N. Y.N at. Exeh. ..I 1,438 600
315,709
373,584
224,100 Memphis AChae. 3d wk Mar
30,697
27,299
2,320.00)
162,600
478.400
2.519.200
B ow ery.................
938,545
180.000
1,201,208
102,664
2.728.100
154,200
126,175
498.500
4th
wkMar
2,276,101:
♦Mexican Cent’ i.
If. Y. County........ *
86,458
84,491
2.-258,200
112,600
387.200
41.643
38,610
Gorman-Amerio’n .■ 2.607.500
45.000 'Mex.N. (N. Div) February
182,185
0,316,100
278.300
205,311
19.564
23,229
Chase National... . I 5,323.100 1,247,100
do
(So.Dlv) 2d wk Mar
3,830.
tOO
83,700
245,010
888,800
3.653.400
273,047
Fifth Avenue... . . .
133,719 122,77
do
all lines February
3,009 600
269,( 00
220.000
31,789
30,603
German Exch’nge.1 3.576.200
4,965
4 ,3
Michig’n A Ohio, 4th wk Feb
2,659.601
»60.800
165.500
346,749
Germania............... I 2,337,700
535.665
55,255
84,911
4th
wkMar
45.000
MlLL.8h.AWest
6.604.100
1.402,-.
00
6,191.600
20.600
united States........ I
143,257
213,233
20,058!
29,031
44.700
4
th
wkMar
Milwaukee A No
194, tOO 3,461,300
2.612,900 •787,600
73,695
117,8451
73,695
117,845
45.000 Minneap. A St. L. January ..
2.041.001
126.000
627,800
1.700.800
GarifieW.................
53,552
179,057
134,000 Minn.ANo.West. 3d wk Mar
6,316
19,31»
1,750,600
128.000
344.000
Fifth National...... . 1.559.800
69,421
84.928
38.585
4,783.000
36,866
175.600
8.689.000 1,802 000
Miss. A T en n . .. February
B'k of the Metrop.
517,554
2.106.400
625,979
166,152
197.000
298
0
>
0
189,46?
1.885.800
West Side............
Mobile A O h io .. M aioh----43,«00
370,171
2.267.400
155.400
491,555
2.186.800
421,700
184,65k
249,461
S onboard..............
175,000 Nash. Ch. ASt.L. February . ,454,831 2,287,83» 5,169,541 4,582,934
2,075, tOO
245.600
200.000
1.967.400
Sixth National....
N. Y.Cen.AH .R.. February
119,195
130,903
9,428
9,72t
N.
Y
.
City
A
No.
Wk.
Api.
2
Total.................. 365.669,700 77,996.100 19,487,400 372 414,700 7,960 500 cN.Y. L. E. A W February . ,457,95» 1,2 4',47; 2,816,320 2,501,587
855,151
955,782
447,07;
445,91»
N.Y.Penn.A O. February
* Last week this should have been $799,400, not $9,400, as printed.
537,858
610,851
270,924
N.Y. A New Eng February . 312,081
254,690
281,433
29,820
31.56
N.Y.Ont. A W ... 4t.h wkMar
The following are totals for several weeks past:
156,032
182,937
74,382
98,341
N .Y . Sus. A W .. February
687,619
875,339
62,336
69.606
Norfolk A West. 4tb wkMar
831,084
1887Loans.
Specie. C. Tendert. Deposits. Circulation Agg. Clear'gs Northern Cent’i. February . 488,900 430,961 1,003,937
381,880 349,93k 2,045,347 1,932,68«
Northern Pacific 4th wkMai
9
*
854,368
9
$
8
$
980,673.
91,310
5 4 ,8 0 '
Marl! 368,811,600 82,852,000 20,018,900 382,144.600 7,058,000 6-28.345,362 Ohio A M iss....... 4th wkMar
127, 15
150,8 6 h
38,946
51,458
•• 2 1'306,403,000 9,602,700 20,259,700 374.702,200 7,647,800 641,735.395 Ohio Southern.. March—
379,406
495,941
186,384
232,590
Api. g >65.650,700 77.906,100 19,487,400 572,414.700 7,9d0,500 085,209,515 Oregon Imp. Co. February
961,260
964,399
449,300 4k0,85b
Oreg. R .A N . Co. M arch .. . .
P ennsylvania... February 3,988,788 3,519,475 7,840,559' 6.971.011
RAILROAD EARNINGS.
172,657
212,722
15,948
25,783
Peoria Deo. AEv. 4th wkMar
451,856
517,552!
257,500 233,026
The latest railroad earnings and the totals from Jan. 1 to Phila. A E rie. . . . February 1,518,256
2.559,567
1,255,389 3,08 *,077
A Read’ g! February
latest date are given below. The statement includes the gross tPblla.
726,776 2.155.771 1,641,13«
Coal A Iron Co February 1,118,02'
625,040
697,629
369,000 346,513
earnings of all railroads from which returns can be obtained. Riohm’d ADanv. February
193.420
214,719
97.000
99,588
Va.Mldl’d Dtv February
148.420
144,476
84,912
75,900
Jan. 1 to Latest Date. ! Char. Col. A Au. February
133,731
Latest E arnings Reported.
114,083
80,017
69,700
C ol.A G r.D lv.. February
76,882
Ro a d s
90.249
42,308
40.300
West.No.C.Div B'ebruary
11,400
1887.
1886.
1886.
Week or M<
1887.
14,500
5,400
6.600
Wash.O. A W .. February
278.811
305,495
30.00O
41.000
4th wkMar
S
$
1
257,581
$
$
309,463
30.473
21,389
165,912
Atch. T. A 8. F. February . 1,223,67b 1,057,407 2,536,262 1,919,610
187,699
16,134
17,740
Branches........ |3d wk Mar
545,764
344,933
229,700 127,400
407,459
A tlantic A Pac March.......
510,094
46,286
74,500
946,623
195,389
1
217,655
110,528
94,298
Balt. A Potomai February .
128,743 1,331,262
6 4,700
579,957
546,078 SLL.A8an.Fran. 4th wkMar 196,59V
206,883
67,800
Buff.N.Y.A Phi- Ith wk Mar
278,783
27,459
27,327
4
th
wkMar
S
6.
Paul
A
Duluth
350,704
38,291
394,002
1.422.259
51,374
i
th
wkMai
Buff. Roch. APitl
679,803 601,910 1,573,862
550,690 1 St-P.Min.AMan. M arch...
55,482
597,848
43,735
61,067
Bur.Ced.K.ANo 3d wk Mar
56.223
43,735
56,223
15,162
170,31«
123,488 Scioto V alley ... January .
19,329
Cairo V. A Olile ith wkM «r
114,908
57,620
Shenandoah Val February
94,375
...
383,110
IthwkM ai
37,958
Cal. Southern.
98,132
98,132
94,375
49,593 South Carolina.. January .
22,035
55,647
25,804
tCamden A A tl’< February .
Canadian Padri • Hh wkMai 273,000 249,000 1,809,138 1,621,581 1 So. Pacific Co.—
199.34J
221,392
221,392 199,347!
37,885 1 Gal.Har.AS.A January..
61,321
19,963
44,588
23,875
Cp. F’r A Vad. Va: Februaiy .
58,539
51,321
58,539
..
389,877
Central o f Geo. F ebruary. 564,399 479,920 1,095,129 1,002,987 1 Louis’a West. January
368.274
368,274 389,877
January
..
Morgan’s
LAT
11,730
185.264
207,865
98,419 101,445
Central Io w a .. February .
12,459
11,730
12,459
N. Y .T . AM ex. January ..
534,410
82,703
612,092
Ohesap. A Ohio February . 295,500 273,241
81,534
82,703!
81,534
January
..
Tex.
A
N.
Orl.
734,978
63,631
122,909 1
145,071
68,420
Ella. Lex. AB. 0 Febiuary
742,108
742,198 734,978
230,895 1 Atlan’o syst’ m January .. 1,661,616
270,4' 3
1,273,44*
Ohes.O. A 8. W F ebruary. 124.803 113,630
1,273,442 1,661,610
672,509
557,811 1 Pacific system January .. 2,403,814 2,008,420 2,403,«14 2,008,420
672,509 557,841
Ohio. A A lton .. January ..
T o t a l .......... January ..
69,554
346,688
41,732
509,77»
85,275
Ohio. A Atlanti« 1th wkMar
80,243
33,700
39,439
Fem-uary
Staten
Is.Rap.Tr
.
155,656
862,445
Chic. Burl. A No January .. 155,656
February . 466,871 432,773 1,014,383
76,52T
Chic. Bur. AsQ . February . 1,847,235 1,830,275 3,832,620 S,2Ü ,238 1 Texas <& Pacific 4th
115.275
10,021
14,935
wkMar
465,142
408,048 Tol. A.A.AN.M ’h
Ohio. -V East,. Ill Ith wkMar
33,704
44,662
159,^
240.025
19,951
29,653
ith wkMar
2,984,385
876,000 685,227 5,228,000 4,0 42,6 -9 1 ToLAOhto C ent February
Chlo. Mil. A St.P 4tb wkMai
3,413,266
. 1,675,914 1,594,776
75,1*7
Ohio. A N’thw ’n February . 4.634,180 1,678,50; 3,357,353 3,006,607 Union P acific.. 4th w k Feb
87,089
9,627
11,513
5,747
4,395 1 Valley o f Ohio.
4,395
5,747
hie. A O. Kiv 3 wks Jan
Wabash—
414,880
852,197
690,837 1
....
hie.St.L.JPitt February .
432,530
414,880
432,530
735,121 1 East of Miss.. January ..
740,969
Chie.St.P.M.AO February . 360,268 395,600
146,036 1,470,156 1,298,140
W est of Miss. Ith wkMar 219.82
308.857
41.522
308,131
42,768
Okie. AW . Mieli ith wkMai
154,398
64,026
77,57
116,709
649,950 1 ♦West Jtrsey .... F ebruary.
745,673
79.91E
100.991
Cin. Ham. A D . U hwkM a
140,747
10,726
1 3 ,134
623,372 Wheeling A L. E 3d wk Mai
319 831
75,8 £
642.271
78,625
Cin.Ind.St.L.A< 4th wkMai
441,309
53,76
79,789
39,2®
566,041 Wisconsin Cent’i ithwkM ai
53.137 . 6v 6.683
52,993
C l« N. o . * T .P 3d wk Ma
85,4 0
4,318
9,964j
2 5 5,0-4 1 Min. St.C.A W. Id wk Mai
31,85*
20,980
333,102
26,37
3d wk Mai
152,139
3 ,329i
18,06
Wis. A M inn.. 3d wk Mai
147,384
155,07»
10,665
10,051
. id v k Mai
118,735
9,424
124,268
9.005
Vloksb. A Mev 3d w k Ma
105,282 1 * M exican currency.
130.649
6,39i
7.431
. M wk Mai
, _
• . ,
100,59» 1,429,785 1,192,526 1 e Not Including earnings o f New Y ork Pennsylvania A Ohio,
105,95!
Erlanger Syst 3d w k Mai
72,920
7,282
81,057
9,664
Ckn.Rtoh.AFLW . -id wk Mai
i Not Including Central o f New Jersey in either y e «
t Including Branches,
t And Branches.
g
*
37.958
10.403
22,551
265,755
8,611
195,075
8,445
13,729
192,00c
70,717
7,353
25,639
40,969
3,72
89.42
6,034
«
44.458
9,308
21,630
281.186
6,250
154,062
7,013
13,386
165,725
61,006
7,841
THE
Aw? i l 9, 1337.]
..............= ■—
CHRONICLE.
465
— -----------------------------— ——
J u u e stm e u t
AND
R a ilr o a d I n t e llig e n c e .
The In v h b t o r s ’ S u p p l e m e n t contains a complete exhibit of
tfa fu n d ed Debt of States and Cities and o f the Shocks and
Bonds o f Railroads and other Companies. It is published
on the last Saturday o f every other month—viz., January,
ifarch, May, July, September and November, and is f u r
n is h e d without extra charge to all regular subscribers o f the
C h b o n ic lh . Extra copies are sold to subscribers o f the
Oh b o n ic l k at 50 cents each, and to others a* $1 per copy.
ANNUAL REPORTS.
Chesapeake & Ohio Railway.
(2?br the year ending December 31,1335.)
From an early copy of the annual report the following infor
mation is obtained. Mr. Huntington states in his remarks:
“ The organization of the Newport Newa& Mississippi Valley
Company, whioh contemplated the unification in interest and
management of the several lines of railway and other trans
p orta tio n interests of the Chesapeake & Ohio Railway Com
pany and its Western associates, having been perfected, your
board entered into a lease with that company for the op »ration
of this property for a period of 250 years,commencing with July
1, 1886, by the terms of whioh the lessee is to keep the leased
property in good repair, to operate, maintain, add to and bet
ter the same as the business of the road may from time to
time require, and to apply the remaining surplus to the pay
ment of its equipment trust bonds and interest thereon, and
other interest obligations in the order of their priority, making
such other advances from time to time as may be agreed upon
between the lessor and the lessee. Under the operation of this
lease greater efficiency and economy are secured in the
administration of the several properties, and a better service
rendered the public, the results thus far fully justifying the
wisdom of this measure.” * *
“ There has been an increase over the previous year in the
•arnings from freights of $679.802, or 25*75 per cent, and from
passengers of $60,892, or 10 59 per cent, and a decrease of
$6,381 To the receipts from miscellaneous sources. Although
the percentage of operating expenses to earnings has been
slightly less this year, being 70*01 per cent, against 70-63 per
oent in 1885, there has been a marked increase of expenses
in every branch of the company’s service appertaining
to its physical operation and maintenance, due to the iaereased traffic and the extraordinary repairs and renewals
necessitated thereby. In the expenses for the maintenance of
the roadway, track and buildings, there has been an increase
of $101,527, of which $31*958 was occasioned by the renewal
of cross-ties; in those contingent upon train mileage there was
an increase of $229,748, of which $82,398 was for repairs of
locomotives, and the remainder due to an increase of 535,777
train miles, being 13‘43 per cent greater than in 1885; in those
contingent upon car mileage there was an increase of $120,850, of which $25,066 was for car hire and $80,756 for repairs
of freight cars. A large number of freight cars that were out
of service at the beginning of the year have been put in good
order, and such as were destroyed and condemned during the
year have been replaced with cars of the company’s standard
design and capacity.” * * *
“ The importance of the western connections that are now
operated by the Newport News & Mississippi Valley Company
m connection with this property can be more fully measured
by the following statements of the sources of its freight earn
ings in the years 1886 and 1885 respectively:
.«
Total.
1336................
$3,319.371
1885....................... 2,639,560
Increase................
679,811
Decrease.............
Per cent.................
25-75
coal.
$1,210,605
1,214,565
3,960
•32
-Local.
$787,884,
758,466
29,418
Through.
$1,320,88
666,521
654,35:
3-87
88-1
“ Thus it will be seen that nearly all the increased earning
were derived from business that was brought to it from it
western connections.” * * *
Mr. Huntington remarks as to the interest payments: “ Thi
company failed «to earn the 1 per cent interest paid on tb
series B bonds May 1, and the 1% per cent paid Novembe
1. by the sum of $198,907, even after applying the earning
over operating expenses in the months of November anc
December towards the obligations for the year. This leave:
ipj’J1? iQQ),tow*rd8 the interest maturing on said bonds or
*iay l , 1887, only the surplus of the first four months’ opera
1887, and attention is now called to this fact. W<
■nouid, however, take cogniz tnce of the fact that the abov<
Iloi
lncluded $110,210 for interest paid and chargee
the operations of the year 1886. that had accrued ir
«T™* unr ,that the payments for equipment have beer
omewhat larger than usual.”
* *
“ in July last i
K ?po^ tlo,a wa» submitted to the holders .of seriei
h o l d i n * t0„ reduce the rate of interest on theij
W o lf
per cent P®r annum, at the sam<
i
dl^ th® maturity of the bonds to one hundred
t h ^ v ^ ° m*iray
in consideration of which stock oi
Der
t+?e-WSi.*i^ ississiPPi Valley Company equal to 2t
sai8 i ^ L 0f
holdings would be issued co the holders ol
of tk«°ncl8,
, 6 same time it was proposed to the holder!
e currency bonds of 1918 to exchange their bonds for
stock o f the Newport News & Mississippi Valley Gompany at
the rate of $125 of stock for $100 of the bonds. This proposi
tion has alreaiy been accepted by a lirge number of the
holders of both olasses of securities, and the ultimate success
of the plan is substantially assure i.”
The floating debt amounts to $2,231,096 after applying
towards its reduction the available assets. This is a i increase
of $219 891 over 1885, and principally arises from the purchase
of additional rolling stock. Equipment trust bonds were
issued during the year amouiting to $172,000 and $111,000
were retired, leaving the am >unt outstanding $361,000 greater
than at the close of 1885.
The earnings and expenses fjr four years were as below
given:
E im in ja —
Passenger........... ..
F r e ig h t......................
Mail, express, &o-----
1883.
1884.
1885.
1896.
695,105
3,081,032
130,054
647,707
2,72 X,468
162,429
570,191
2,639,509
131.435
6307573
8,319,371
146,103
Total gross earns.
Oper. exp. & ta x es...
3,906,791
2,599,933
3.518,6 )4
2,499,741
3,361.235
2,465,811
4,096,018
2,977,
Net earnings..............
P .ct.oi op.ex. toea rn .
1,306,859
66-54
$
$
m
1,038.830
70-66
895,424
73-36
»
1,118,840
....
The year’s business shows a deficit in in oim sof $193,907,
made up in the manner following :
Total net income (including certain collection s)....... ............. $1,133,061
From this su'-pl us had to be mat the follow iug current
and past due obligations o í the oamoauy:
For miscellaneous expenses......................................... $31,720
For construction ana iinpr »vement.........................123,046
For cash payments on eq u ip m en t........................... 71,288
For equipment trust hoods retired.............. ...........111,000
For equipment trust notes retired........................... 18,373
For interest on equipment trust bonds.................... 56.040
105,631
For interest on other d ebts....................................
For interest on Bonded Debt, v iz .:
Paid during the year, but accruing prior to Dec.
3 1 ,1 8 8 5 ........................................................................ 110,210
Paid and aoorulng during the year 1 8 8 6 .... . . . .. 647,050
Accruing in the year 1836, and maturing in 1837
(omitting accruals on “ B ” bon ds)........ .............
6 0 ,7 1 0 - 1,334,969
D eficit.......................................................................
$198,907
Panama Rallroafi Co.
(F or the fiscal year ending December 81,1886.)
The annual report says that “ the decrease in earnings for '
1886. as compared with 1885, has been entirely caused by the
reduced rates on freight, although the traffic has been much
heavier, both north and south. The reduced rates on freight
referred to are with two companies entirely, viz.: the Pacific
Mail Steamship Company and La Compaenie Universelle du
Canal Interoceanique. In February, 1886, the Pacific Mail
Steamship Company gave notice to this company that they
elected to run on and after April 1, 1886, four steamers a
month on the Atlantic fide, with c jrresponding Pacific Coast
connections; and under the substituted rate clause of the
contract of the 1st of February, 1878, with this company,
their,monthly payments for service rendered averaged about
$20,000 a month for nine months, instead of $70,000, as under
the tri-monthly service, resulting in a net loss of revenue to
your company of over $450,000 for the year 1886. On the
7th of June, 1886, La Compagnie du Canal Interoceanique
were granted their special train rate of $14 United States gold
per car, as agreed with them on the 9th of April, 1868, in
consideration of the rolling stock and motive power ceded by
them to your company. This rate of $14 per car superseded
an average rate of about $45 per car, and from the 7th of
June to the 31st of December resulted in a loss of revenue to
your company of over $113,000.
“ With both of these reduced ra'es came an increase of ton
nage, raising the operating expenses in the Transportation
Department, while your revenue from the same was dimin
ished. Had we remained on the basis of 1885, we would
have shown, as the result of 1836, net earnings of over
$868,000.” * *
“ In addition to the regular ( xpenses of the year, it has been
necessary to expend large amounts for work wnich should
have been done in previous years, but which the financial
policy and traffic of your company did not demand.”
In conclusion the General Superintendent remarks : “ While
the year just passed has been one of reconstruction greater
even than 1885, the operating expenses have been less. For
the year 1887 the reduction in the same will be more than
twice as great, bringing the cost to the normal figures, sudh as
were reported for the year just previous to the troubles and
fire of 1885.”
The report gives no general balance sheet, but the earning»
and income have been compiled for the Chroniclb as followsi
OPERATIONS AND FISCAL RESULTS,
Miles operate ! ...........
Operations—
Passengers carried ...
Freight (tons) m oved.
E arnings—
Passenger..................
Freight.........................
Mail, express, &c.......
1833.
48
1884.
48
1885,
43
1 8 8 «;
43
303,979
215,725
$
350,165
2,051,693
21,481
515,*20
287.243
$
443,087
2,693.079
26,164
567,694
262 497
$
383,991
2,5.22,348
32,488
799,264
320.971
$ ™
484.422
2,077,790
36,109
Tot. gross eam ’s .. 2,423.839
Operalina expenses$
Transpor. expenses... 1,002.456
118,959
Miscel laneo a s.............
3,162,330
$
1,689,793
53,579
2,938.827
«
2,591,064
04,209
2,598.321
$
2,345.010
61,189
Total (inch ta x es).. 1,121,415
Net earnings............... 1,302,424
1.743,377
1,418.953
2,655,273
283,454
2,406,109192,122
THE CHRONICLE.
466
1884.
1885.
1886.
1,302.424
388,145
1,418,953
332,446
283,454
32 ¡4,096
192,122
455,238
Total Incom e....... 1,690,569
Disbursement»—
$
Interest on d e b t.. . . . .
44%333
Sub. bonds redeem ed.
51,000
Dividends ....................
945,000
Sub. to Dist. Col., &o.
35,000
7,444
M iscellaneou s............
1,751,393
612,550
645,360
429,006
57.000
700,000
35.000
20,034
412 063
60,000
, Total disbursemts 1,483,777
206,792
Balance, su rp lus*....
1,695,576
1,241,040
55,823 def. 628,490
526,779
118,581
Receipts—
N ot earnin gs...
'Other receip ts..
a
442,528
53.000
1,120,000
35.000
45,048
$
$
XLIV.
Ohio & Mississippi.—Following is a statement of the gross
net earnings of this road obtained for the C h r o n i c l e :
INCOME ACCOUNT.
1883.
[V o l .
and
,--------February.------- .
1887.
1886.
Gross e a rn in g s............. $311,028
$274,429
Operating expenses....... 225,509
218,799
9
35,000
19,716
* Accumulated surplus Deo. 31 ,1 8 8 4 , over dividends and all charges,
$1,076,557; Dec. 3 1 ,1 8 8 5 , $448,166; D ec. 3 1 ,1 8 8 6 , $566,747.
GENERAL INVESTMENT NEWS.
Net earnings................. $85,519
.— Jan. 1 to Feb. 2« _
1887.
1886.
$606,247
$548,609
434,924
432,199
$55,630
$171,323
$116,480
Oregon Improvement Co.—The gross and net earnings for
February, and from Dec. 1 to Feb. 28, were as below:
,--------February.---- —»
1887.
1886.
Gross ea rn in g s...:.........$232,590 $186,384
Operating expenses. . . . 196.843
157,592
Net earnings............ $35,747
,— Dee. 1 to Feb. 28.—.
1886-7.
1885-6
$1,236,527 $1,017,468
774,389
671,109
$28,792
$462,138
$346,359
Oregon Railway & Navigation Company.—Following is a
statement of the gross and net earnings of this Voad:
/------- February.-------->
1887.
1886.
Gross earnings.......... $24'*,840 $305,7S4
Operating expenses. 192,526
219,463
,— July 1 to Feb. 28.—.
1886-7.
1885-6.
$3,529,438 $3.755,630
1,998.268
2.027,642
Atchison Topeka & Santa Fe.—The gross and net earnings
Net earnings.............. $43,314
$86,321
$1,531,170 $1,727,988
for January were as below :
-January.
Pennsylvania—Philadelphia & Reading.—A Philadelphia
1886.
1887
$862,203 dispatch says that the Pennsylvania Railroad Company has
Gross earnings.........................................................$1,312,591
565,932 furnished facilities on the Delaware & Raritan Canal to the
O perating e x p e n s e s ...........................................
731,506
$296,271 Reading Railroad for the shipment of anthracite coal to New
N et earnings...........................................................
$581,085
York. “ It is expected that the Reading will send about
California Southern.—The gross and net earnings for Feb 600,000 tons during the ensuing year by this route. This is
the beginning of the peace relations between the Reading and
ruary and for two months were as follows :
,--------- February.----------> .---- Jan. 1 to Feb. 28.——» the Pennsylvania. The Pennsylvania is to be given 600,000
1887.
1886.
1887.
1886.
tons of anthracite to haul down the Schuylkill Valley by the
$116,234
$47,055
$240,629
$73,719
Gross earnings..........
Reading, and the Pennsylvania is to contribute 500,000 tons of
Operating expen ses..
61,703
43,069
124,511
86,241
bituminous tonnage to the Reading, which will go to New
Net earnings........
$54,531
$3,986
$116,118 d ef.$l2,522 York Harbor over the New Jersey Central and be handled
Chicago Burlington & Quincy.—The gross and net earnings upon piers to be built there by that company.”
for February, and from Jan. 1 to Feb. 28, were as below :
Philadelphia & Reading—Central o f New Jersey.—A
,------ Jan. 1 to Feb. 28------ . Philadelphia dispatch, April 7, said that Mr. Samuel Dickson
-February.1887.
1886.
1887.
1886.
stated
that the efforts to place the $1,300,000 Reading Railroad
$3,832,620
$3,211,238
Gross earnings....... $1,847,23.5 $1,830,275
2,049,988
1,996,441 Car Trust loan at the rate of 5 per cent had proved unsuccess
Operating expenses. 984,845
1,012,042
ful. He asked the Court that a new car trust loan at the rate
$862,390
$ 8 18',233
$1,782,632
$1,214,797 of 6 per cent should be authorized, and the Court held the
Net earnings
matter under advisement.
Denver & R io Grande.—The gross and net earnings for
This dispatch says that Mr. Austin Corbin made two im
February and for two months were as follows :
portant announcements. One was that Jersey Central would
,— Jan. 1 to Feb. 28.— » pay Reading all that it owed in the settlement now going on
,------- February.-------- .
1887.
1886.
1887.
188«.
$932,651 between the two. The other was that he would form a com
Gross earnings..............$352,285
$127,748 $1,097.935
665,626
614,060 pany to build the connection between the Newton and Jersey
O perating e x p e n se s.... 331,725
297,698
Central roads to make another connection with New York. It
N e t earnings............ $220,560
$130,030
$432,309
$218,591 will take $4,000,000 to build the new line.
St. Joseph & Grand Island.—Following is a statement of
Denver & R io Grande Western.—The gross and net earn,
the gross and net earnings of this road obtained for publica
ings for February and for two months were :
tion in the C h r o n i c l e :
-Jan. 1 to Feb. 28.'
,------- February.--------.
Gross earnings....... .........
Operating expenses.......
1887.
$70,717
53,513
1886.
$61,006
51,914
18*7.
$142,276
108,427
1886.
$127,590
95,903
Net earnings..............
$17,204
$9,092
$33,849
$31,687
.------- February.------ ,
1887.
1886.
Gross warnings..................$75,000 $113,016
Operating expenses......... 49,160
48,907
Net earnings...................... $25,840
$64,109
.—Jan. 1 to Feb. 28.—»
1887.
1886.
$168,744
$166,375
106,218
95,070
$62,526
$71,305
Mexican Central.—The gross and net earnings for Feb
St. Louis & San Francisco.—The gross and net earning!
ruary, and from Jan. 1 to Feb. 28, were as follows :
for February, and from Jan. 1 to Feb. 28, were as below :
—»
,-------- February.
1887.
1886.
Gross earn in g s... . . . . . . . . $386,763 $277,583
164,111
•Operating expenses......... 198,103
.
N etearnings...............$188,660
$113,472
-—Jan. 1 to Feb. 28.—
1886-7.
1885-6.
$803,583
$594,457
40.5,033
371,641
$402,550
$222,816
,-------- February.---------•
1887.
1886
Gross earnings.........$397,035
$ 2 8 ',5 4 3
Operating expenses 157,584
137,646
N etearnings___$239,451
$147,897
,-----Jan. 1 to Feb. 28.—»
1887.
1886.
$783,521
$560,856
328,111
286,226
$455,410
$274,630
N ew port News & Mississippi Valley.—The gross and net
Toledo & Ohio Central.—Following is a statement of the
warnings of this system for February and for two months were gross and net earnings of this road obtained for publication
as follow s:
in the C h r o n i c l e :
,— Gross Earnings.— .
February—
1887.
1886.
C h esapeake* O h io .... $295,500 $273,241
E liz . Lex. & Big Sandy.
68,420
63,631
Ohes. Ohio & So. West.
124,803
113,630
T ota l............... $488,723
Jan. 1 to Feb. 28—
Chesapeake * Ohio.$ 612,092
Eliz. Lex. & Big Sandy. 145,071
Ches. O h io * So. W est. 270,403
T otal.............. $1,027,566
/— Net Earnings.------•
1887.
1886.
$61,682
$80,288
9,184
16,103
42,869
33,873
$450,502
$113,735
$130,264
$534,410
122,909
230,895
$126,758
32,111
95,452
$141,964
30,411
61,954
,214
$254,321
$237,329
New York Chicago & St. Louis.—At Cleveland, April 5,
the official order of sale of the New York Chicago & St. Louis
Railway was placed on record in the Common Pleas Court. It
was announced by the Circuit Court and referred to the
Common Pleas Court for execution. D. W . Caldwell, receiver
o f the road, is appointed Master Commissioner to conduct the
sale. The railway property will be sold after thirty days’
notice for not less than $16,000,000.
New York Lake Erie & Western.—The bill to exempt
the New York Lake Erie & Western Railroad Company from
the provisions of a law passed in 1874, by authority of the new
constitution, prohibiting any company doing business in the
State as a common carrier from owning land except for the
purpose of carrying on its regular business, or stock in any
other corporation, has passed the Pennsylvania Senate finally
and been reported favorably in the House. This is the bill
Introduced by Senator Wolverton to save to the Erie Company
TO,000 acres of coal land in the western part of the State, whicn
was purchased in 1873 by Peter Watson, then President of the
•company. The land is claimed to be worth $4,000,000.
,— — February.--------.
1887.
1886.
Gross earnings....................$77,734
$51,634
35,016
Operating expen ses....... -45,596
Net earn in gs............ $32,138
$16,618
r—July 1 to Feb. 28.-»
1886-7.
1885-6.
$654,333
$*±7,475
417,381
382,909
$236,957
$64,56«
Wabash & Western.—On the motion of the Central Trust
Company of New York and James Cheney, trustees of the
Wabash general mortgage bonds, for judgment against the
Wabash St. Louis & Pacific Railway Company for the bal
ance due on the general mortgage bonds, the United State«
Circuit Court at St. Louis, April 1, ordered-judgment to be
entered against the Wabash Company for $20,029,523, being
the balance due, for the use and benefit of the owners of the
general mortgage bonds, according to their respective inter*
ests. Execution was ordered for that amount. The judg
ment was entered by stipulation as to the balance due. The
principal amounted to $17,000,000, and the interest unpaid to
April 1, 1887, to $3,654,523, and the total credit to which the
Wabash company was entitled by the sale of the property
was $625,000.
_ ,,
A notice to holders of the bonds of the Detroit Division
mortgage of Wabash St. Louis & Pacific Railway Company
requested them to call at the office of the Purchasing Commit
tee, No. 185 Broadway. This was for the purpose of getting
them to fund coupons to Jan. 1, 1887, inclusive, in bonds or
5 per cent, and to reduce interest to 5 per cent. About threequarters of the bondholders are reported to have signed.
—Judge Gresham appointed Gen. John McNulta, of Bloom
ington, 111., receiver of the Wabash lines east of the Mis8»*
sippi River, in place of Judge Cooley, who has become one o
the Inter-State Commerce Commissioners.
A p r il
• gh e.
C o m
467
THE CHRONICLE.
9, 1887. J
m
e r c ia l
COMMERCIAL
jp m
C O T T O
e a .
T h e M ovement
EPITOME.
of th e
N
.
F r id a y , P. M., April 8,1887.
Crop , as indicated by our telegram»
from the South to-night, is given below. For the week ending
this evening (Apr. 8), the total receipts have reached 29,80S
F r id a y N ight , April 8, 1887,
bales, against £4,115 bales last week, 46,298 bales the previous
This being Good Friday, and pretty generally observed as a week and 57,716 bales three weeks sin ce; making the total
holiday (though not legally so), business has been more or receipts since the 1st o f September, 1886, 5,070,191 bales,against
4,891,989 bales t<Jr the same period of 1885-86, showing an in
less interrupted. There have been heavy snows in nor, hern crease since September 1, 1886, of 178.203 bales.
latitudes, and in other parts the temperature was at times un
Sat.
Mon.
Tues.
Wed. Thurt. Fri.
Receipts at—
Total.
seasonably low. The Inter-State Commerce law has some
Galveston..........
34
207
268
35
254
11
809
effect upon the oourse of trade, but it is hoped that matters
....
....
....
....
....
Indianola, Ac.
will soon adjust themselves to its requirements. Efforts of New O rleans... 2,512 3,194 4,151 2,214
476 *2,000 14,547
Socialists to obtain control of the city government o f Chicago Mobile................
23
238
60
40
97
61
519
......
....
....
....
Florida..............
••••
33
resulted in their complete defeat.
SB
64
335
243
60
62
457
1,221
The following is a statement of the stocks of leading articles Savannah.. . . . .
....
....
....
....
....
Bransw’k, Ac.
28
28
of domestic and foreign merchandise at dates given :
Charleston. . . . .
23
27
66
28
1887.
March 1.
21,205
Pork.................................... ••«.bblfl.
438
pAAf
................. tea. and bbls.
44,722
Lard...........................................
34,938
Tobacco, dom estic.................. nlias.
50,304
Tobacco, foreign..................... bales.
305,262
Coffee, Rio................................. bags.
55,182
Coffee, other........................... bags.
109,401
Coffee, Java, Ao.............. .....m a ts .
8,545
Sugar.........................................hhds.
None.
Sugar............... boxes and baskets.
Sugar..................................bags. Ac. 1,759,251
Noue.
Melado...................................... hhds.
264
Molasses, foreign.....................nnds.
2.000
Molasses, domestic................... bbls.
353,600
Hides............................................. No.
244,270
C o t t o n ...................................bales.
24,613
Rosin........................................... obis.
2,064
Spirits turpen tin e.................... bbls.
1,092
Tar.......... ....................................bbls.
7,480
Rice, E. I ................................... bags.
7,600
Rice, domestic......................... phgs.
None.
Linseed............... ......... ...........bags.
13,000
Saltpetre....................................bags.
2ü,500
Jute butts ....................... .....b a le s .
17,926
Manila hemp............................bales.
7,233
Sisal hemp................................hales.
1887.
A p ril 1.
19,062
142
48,117
35,606
48,092
301,941
84.900
83,fcOO
8,902
None.
1,434,451
None.
112
1,500
346,500
227,876
19,766
1,497
1,253
4,400
6,850
None.
14,500
21,000
26,690
1,308
1886.
A pril 1.
23,465
443
39,103
30,266
60,535
231,100
54,400
109.500
18,442
None.
961,000
300
1,582
3,500
281.500
301,7*4
22,763
506
1,488
1.000
1,200
10,500
14,10*1
44,11)0
25,323
24,238
The speculation in lard has been dull at drooping prices, until
on Thursday there was a Blight firmer feeling, with more
doing. Lard on the spot has also declined, but closes steadier,
though quiet, at 7'40c. for prime city, 7,55@7,62^c. for prime
to choice Western; 7*80c. for refined to the Continent and 8@
8‘10c. for refined to South America.
DAILY CLOSING PRICES OF LARD FUTURES.
Saturday. Mond’y.
7*55
April dellv’y .. 7*54
May
‘• . . 7 ‘b l
7-60
7'68
June
*■ .. 7-67
July
“1 . . 7-73
7-72
7*78
August “ . . 7*79
October “ 1 .. ....
7-89
Tuesd'y.
7*55
7*v0
7-66
7*71
7-77
7*88
Wedns'y. Thursday. Friday
7*54
7*57
K
o
7*58
7*60
E
7-64
7-67
£U
in o
7-‘ 3
&
7*75
7*79
j
7*85
7-80
Pork and cut meats are without further decline, but close
quite dull. Beef is decidedly lower at $8 50 for extra me.-s
and $9@$9 25 for packet per bbl., and $14@$16 for India
mess per tierce. Tallow is lower and more active at 3%c.
■Stearine has been active at 8J^c., but oleomargarine is ea ler
at 6%c. Butter is easier at 20«^31c. for creamery and 18@
27o. lor State dairy. Cheese is firm at 12%@14j^c. for State
factory full cream.
The speculation in Bio Coffee options has been less active,
but prices show a decided advance, especially for the distant
deliveries, which were again dearer yesterday, closing with sel
lers at 13“80@14c. for spring and summer months and 14 0o@
14*15c. for the autumn and winter. Coffee on the spot has
been more active, and the sales yesterday were 16,000 bags at
15%c. for No. 3 down to 13^o, for No. 8. R iw sugars were
active early in the week, but relapsed into dulness, and close
quiet at 4 9-16o. for fair refining Cub* and 5 ^ @ 5 3-16o. for
centrifuga', 96 deg. test. Molasses sold to a large extent and
advanced to 20c. for 50 deg. test, but the close is quiet,
Kentucky tobacco has been more active, and sales for the
week are 750 hbds., of which 650 hhds. for export, at3J^04f^c.
for lugs and 4*>£(8) 12c. for leaf. Of seed leaf sales early tnis
week include 100 cases Little Dutch, crop 1885, 10c:; 669 do.
Pennsylvania, crop 1885, 13@13c.; 150 do. sundries, 7@28c.;
do. Ohio, crop 1885, and 100 do Pennsylvania Havana
seed, crop 1885, on private terms, and a fair business on
Wednesday and Thursday.
9«Udeu Pttroleuaa certificates made a rally on Tuesday last
to 66c., but on Thursday were dull, closing at 64)£@64%c.
Bprnts turpentine was active and dearer early in the week, out
C ° , « quiet at 89c. Rosins were quieter and easier at $1 15^
* rr ' r / 0r common to good strained.
On the Metal Exchange there was yesterday more activity to
9o^ P ?culati<m in Strait'1tin>the sales of which were 85 tons at
the spot, 23,47>£@22,50o. for May and 22*55c. for
June. Ingot copper very dull at 10 30@10 35c. The Penn■yivanu iron manufacturers complain that they are greatly
«ijured by the operation of the Inter-State Commerce la w.
Ucean freights have been very low; the higher prices of
wwd cllecke<1 sk ip a ^ ts, and there id little else to go for-
P t Royal, A c.
W ilm ington. . . .
Moreh’d C. Ac.
Norfolk..............
West Point, A c
New Y ork .........
Boston___ _ . . . .
B altim ore. . . . . .
Philadelp’ a, Ao.
Totals this week
* Estimated.
... .
....
33
....
485
23
••••
219
....
1,731
19
mmd.
250
83
....
63
••••
78
15
....
1,863
181
484
205
242
....
2
....
474
60
556
157
....
212
5,147
4.494
7,740
3,933
....
41
334
203
45
5
177
935
100
118
225
....
709
203
24T
5
4,143
1,309
2,213
797
220
2,304
3,262
4.782
29,308
228
....
133
....
894
26
1,073
35
....
For comparison, we give the following table showing the week’s
total receipts, the total since Sept. 1,1886, and the stock to-night,
and the same items for the corresponding periods of la9t year.
This Since Sep.
Week. 1 ,1 3 8 6 .
G a lv e s to n ...
Ind’nola,Ao
New Orleans.
Mobile______
F lorid a. . . . . .
Savannah. ..
Br’sw ’ k, Ao
Charleston ..
Pt. Royal,Ac
Wilmington .
M’head 0.,A c
Norfolk.........
W.Point, Ao.
New Y o r k ...
Boston . . . . . .
Baltim ore. . .
Puiladel’a,Ao
Total............
1885-86.
1886-87,
Receipts to
A pr. 8.
809
692,879
14,647 1,678,027
519 210,829
33
22,951
1,221 782,296
28
31,376
706 360,515
17,454
20 a
247 133,49*
3,745
5
4,143 523,<03
1,308 320,866
2,213
90,207
797
95,669
64.010
225
2,304
42.341
29.308 5,070.191
TAL
Week
Stock.
Sines Sep
1 ,1 8 8 5 .
6,629 662,524
79* \
12,612 1,623,234 )
739
5,024 /
4»,ft 5K
90
3,049 742,999
15,149
3,1:40 458,007
76
13,073
975
96,891
148
7,543
3,743 505,245
5,637 251,674
51,226
1.131
1,3« 1
90,126
600
48.717
772
39,921
41,392 4,8 >1,989
IE 87.
1886.
20,265
.........
199,933
4,938
.........
7,348
254,555
34,969
4,216
275
2,461
35,391
83
3,552
11,145
5,911
219,153
7,000
10,519
19,123
36 ,330
1,501
309,211
6,810
31,697
17,989
512,287'
800,529
40 ,469
28,471
ln order that comparison m ty be made with other years, w e
Receipts at—
1887.
1886.
Galvest’ n.Ao.
New Orleans.
Mobile...........
Savannah . . .
Charl’st’n, Ao
Wilm’gt’n, A c
Norfolk.........
W. Point, Ao.
All others . . .
809
14,547
519
1,221
909
252
4,143
1,303
5,600
6,62»
12,612
739
3,049
3,916
1,173
3,743
5,637
3,894
1885.
1,126
6,514
396
4,961
796
101
1,693
550
5,668
1884.
1883.
1.635
9.052
2,502
1,569
629
655
1,818
867
11,386
13,129
21.664
1,206
8,274
3.677
618
8,728 *
1,32
14,310
1882.
4.9 20
5,913
1,121
2,662
2,49
62
4.034
2,178
9,277
Tot. this w ’ k.
29,303
41,392
21,808
30,113
72,935
33,229
Since Sept. 1. 5070 191 4891.989 4601,095 4619.774 5496 139 4 3 f8 336
.«T41 V
.
° luuufcuumi cuurimtuu luoiuuet» run ivoyal, &e.
Wilmington includes Moreh’d City ,&c.; West Point includes City Point*
The exports for the week ending this evening reach a total
of 40,964 bales, of which 27,986 were to Great Britain, 405
to France and 12,573 to the rest of the Continent. Below are
from—
Week Ending Apr. 8.
From Sept. 1 ,1886, to Apr. 8,1887,
Exported to—
Exported to—
Great
Conti- Total Great
ContiBrit’n. France nent. Week. Britain. Franit nent.
Total.
Galveston......
New Orleans.. 3,500
Mobile............
neri da...........
Savi mah.......
Charleston .... ......
Wilmington...
Norfolk..........
West Point,Ac 4,145
New York...... 15.2-0
2.73Ö
Baltimore...... 1,463
Philadelp’a, Ac
VIZ
Total........ . 27,956
Total mss-**« 60,005
.....
......
405
530
ee.ee
1,550
0,240
530
8,590
252.180 30,352
064 685 314.561
45,442
1,550 2?3,iro 18,618
5,210
00.433 43.966
00.823 7,060
.....
321.439 e ...
4,145 91.767 2.150
8,668 19,358 412,579 39,705
25
1,560 3,023
80.178 8,725
772 48,078
06.589 870.121
336,881 1,318.127
40,442
243.060
141.011
10,867
8,900
8,406
189.926
403,707
275.430
109,640
829,839
102.323
642.210
27.732
125.635
4ft IRQ
405 12 573 40,064 2,464,177 466,087 1,068,707 3,093,951
4.242 23.126 87,463 1,880,019 353,006 1,136.781 3.371, 669
THE CHK0 N 1CLE.
468
In addition to above exports, our telegrams to-night also give
amounts of cotton on shipboard, not cleared,
at the ports named. W e add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
A Lambert. 24 Beaver Street.
_________________
On Shipboard, not cleared—f o r
A pr. 8 , AT—
Great France. Other
Foreign
B ritain.
2 /3 6
None.
None.
None.
None.
None.
None.
None.
12,249
I.30J
None.
None.
2 ,'9 9
3.600
6,000
6,500
New O rlea n s....
M o b ile ...............
Charleston . . . . .
8 ayanna h . . . . . .
Galveston... . . .
N orfolk . . . . . . . .
New Y o r k ... . . .
Other porta.....
Coastwise.
32,448
2,036
26,189
4,013
64,736
447,551
50,970
26,613
24,514
6,406
23,029
8,241
15,506
5,568
114,019
46,828
686,510
578,711
Ortttn y .« &
ScrJctOrd..
G ood O rd..
S ir. G’d Ord
Low Midd’g
Btr.L’w Mjo
M iddling...
Good M id..
Str.G ’dM id
Midd’ g Fair
Fkhr........
7 78
86,6
914
911,6
1018
107,6
1068
1078
I lls
1 1 1«
l2 ia
W ed T h .
7 7b
86,6
91»
911,6
lu is
101,8
10»8
1078
1118
III9
1218
F r i.
.
718,6
71S16
;
8I4
814
9 316 1S16
989
98«
W
101j.a 101,6
&
10*8 1038
le » .«
*4
101316 1013,6
I U I « IH16
117J8 n 7i«
121,6 121,«
!
81,6
8%
&7,6
9 78
106,6
lOBs
1013,6
111,6
116,6
1111,6
126,«
F r i. W e d
81,6
8%
97, «
9 7e
106,6
108g
1013,6
111,6
115,6
1H»16
125,6
Th.
81,6
8%
9 l,e
9 7a
106,6
10%
1013,e
IH16
115,6
11U,6
126,6
8
8l,a
93r
913,6
10%
109,6
10%
11
11%
118s
12%
8
8716
93a
913,6
10%
10»,6
10%
11
11%
118a
12%
;
;
W ed
Th.
F r i.
7**1« 7“ l0 76s
838 83s 85,6
95ie 9f16 9%
7«9
85,6
9%
10%
Holiday.
81,6
81«
9716
9 78
106,6
IO6«
1013,6
lU i e
116.«
1111,6
126,6
81,6
8ia
91,6
9 7e
106,6
108s
1013le
1H16
116,«
1111,6
I26lfe
W ed
Th.
8
SLe
t*^8
913,6
1< *4
109,6
10 %
11
1114
118s
I2I4.
8
8*1,6
938
913,6
1014
109,6
10%
11
11%
1108
12%
81,6
8%
91,6
9 7a
106,6
108s
1013,6
lU ie
116,8
u itu
125,fl
w
o’
S
»
•4
;
j
Sat.
STAINED.
m on T ues
ITIo n T u e s S a t .
G ood O rdinary....................V lb. 7Ui«
Strict Good Ordinary................... 83s
Low Middling................................ ß6!«
Middling........................................ 103,6 !
103,6 10%
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Aver
Ordin’ y.tflb
Strict O rd..
G ood O rd..
Str. G’d Ord
Low Midd’g
Btr.L’w Mia
M iddling..;
G ood M id..
S tr.G ’ dM ld
Midd’g Fair
Fair..........
ili
fa s .!
B in
10-62
10-61
The speculation in cotton for future delivery at this market
has been less active for the week under review, with prices
feverishly variab le and unsettled. Most of the Bull party
seemed to lose confidence in operations for a further rise;
many eold out and cloefd account»; a few put out contracts
for a decline; still others fell back upon what is termed
“ scalping” business, and on all sides were heard expressions
of uncertainty regarding the future of values. The prospects
hat the acreage planted for the next crop will be increased
strengthened the disposition to sell the autumn months. Some
irregularity has been developed in this crop, in that April
options have become dearer than May. On Wednesday the
C hronicle's report of the overland movement for March
being made public, and showing a large increase over former
years, bad a very depressing effect. Yesterday an early decline
was followed by a sharp advance, especially for this crop, the
light crop movement having stimulated a demand to cover
•contracts, tut the clcse was dull. Cotton on the spot was
quiet and unchanged. The small stocks, as compared with
these of one ard two years ago, make holders indifferent sell
ers. But on Wednesday quotations were reduced l-16c., and
.the market yesterday was quiet at 10 9-16c. for middling
uplands.
. •
.A.
The total sales for forward delivery for the week are 480,400
bales. For immediate delivery the total sales foot up this week
961 bales, including ----- for export, 961 for consumption,
for specuiation and — in transit. Of the above, — bales
Were to arrive. The following are the official quotations for
each day of the past week.
TEXAS.
NEW ORLEANS.
UPLANDS.
iti o n T u e « S a t.
%
•ei
*►
is s i is s i
co
T otal 1 8 8 6 .......
Total 1 8 8 5 .......
S a t.
: a
;
!
*^
1.837
None.
3C0
400
726
800
None.
None.
14,878
None.
2,000
None.
4,811
None.
3,000
1,500
T otal 1 8 87____
A pr. 2 to
A pr. 8.
«•o S a-
Leaving
Stock.
Total.
g
OBg*
§2gi
§3
a s &S.
a>;4 f l il
P aLa
4â
xxb the following
[V o li. X I I V ,
IÜ
It
The total sales and future deliveries each day during th'
week are indicated in the following statement. For tne con
* Tnelnnee sales In September, 1886, tor September. 42,900; Septem
venience of the reader we also add a column which shows at a ber-Oetober,
for October, 287,200.; September-Novembe , for NovemDer.
glance how the market closed on same days,
441,700; Septembtr-December, for December, 765,100; 8eptem ^
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Quiet...
Quiet...
Quiet.. -I_ _ _ _
Wed'. Quitt at 11« deo..
T h ors Quiet
Sat
M on.
_
T u es.
Fri ■ ■
Ex- Oon- Spec- Tran
port. sump u l’l'n sit. Total.
....I
961
....
Tno aaiiy aeuvonw given »uwo mo
previous to t l at on wliioii they are reported.
T h e S ales
and
Prices
ing comprehensive table.
of
Sales.
103 92,500
191 94,000
175 66.600
176 113,500
316 113,800
___ 1 103
___ 191
. . . . 175
. . . . 176
. . . . ! 316
..............Holi d a y ..
1
Total.
FETCHES.
"V
Deliv
eries,
300
....
300
....
....
...........
600
961 480.400
—- —*
F utures arc shown by tfce follow*
.....
January, for January. 1,685,900; September-Februai y , for February,
1 282,400; Set tember-March, fo r March, 2,106,800.
rtel
I'S * WA nave inciuaeu m m e above taoie, auu snail continue
.
to g ive, the average price o f futures eaoh day for each montn.
will be found under each day follow in g the abbreviation Aver. *
average for each month fo r the week le alBo given at bottom
Transferable Orders—Saturday, 10-60c.. Monday 10 50c.: Tueeaivi
10-f 5c.; Wednesday, 10 45o.; Thursday, I0-55o.; F riday, ---------
The following exchanges have been made during the wee
•09 pd.
Ö7 pd.
•47 pd.
*08 i)d.
•73 pd.
•18 pd.
toexeh . 400 M ay for June.
to excli. 200 July for Aug.
to exch. 100 Deo. for Sept.
to exch. 100 Apr. for Juue.
to exch. 1,000 Oct, for Aug
to exch. 200 Apr. for AUg.
•20 pd. to exch. 200 Sept, for Apr.
•03 pd. to exch. 20C J une for
Even 500 November for De0®1? ,-.
•07 pd. toexeh . 1,500 May for J « 1«.
•06 pd. to exch. 500 July for A &
14 pd. to exch. 200 May for JW
T he V isible Supply of Cotton to-night, as made up by ^
and telegraph, is as follows. The Continental stocks, as we
469
THE CH R O N ICLE
A pril 9, l^b7.]
thnse for Greet Britain and the afloat, are this week s returne, bales less than at the same period last year. The receipts at
-r,H mnaeouently all the European figures are brought down the same towns have been 2,180 bales less than the same
S ?T h S S S y “« n il« !- But t > S . the totals the complete week last year, and since September 1 the receipts at all the
¡L ^ S iforL -n igh M A p ril 8), we add the item of exports frcm towns are 68,327 bales more than for the same time in 1885*86.
2 1 . including
including in it the exports of Friday only.
quotations for M iddling Cotton at Oth er Mark ets .—
tie United £States,
1886.
1885.
1884.
1887.
In the table below we give the closing quotations of middling
675,000
1,025,000
1,049.0
0
tu ck at L iv e rp o o l......... bales. 976,000
22,000
37,000
70,000 cotton at Southern arid other principal cotton markets for each
Set ck at London........................
i4,u vv
day o f the past wees.
990.000
3.000
42.000
28.000
400
1,200
235,000
4,000
Stock at Barcelona.. . . . . . . •••• 46,000
6,000
11.000
Total Groat Britain « t o o k .
NU ok at Hamburg......... .
B uck at Bremen........................
B u c k at Amsterdam . . . . . . . . . .
Bt< ck at R otterdam ..................
697,000 1,062,000 1 ,119,000
8,700
6,000
4.0J0
70,200
53.300
41.0 JO
53,000
49,000
29.000
1.000
400
400
1.300
900
1,700
184,000 218,000
156,000
4*000
5,000
7,000
84,000
60.000
79.000
10,000
7,000
14.000
5,000
5,000
4.000
336,100 394.600 426,200
lp ta l Continental s t o c k s ...... 376,600
T . W Euror a t ~ ^ . X . 3 6 6 . e o O 1.033.100 l.W O JOO 1,513,300
207.000 175.000 279.000
221.000 294.000
ï r Æ
î S -or »
i||§8§ 308.000
42.000
16,000
9,000
BgypC,Bra*il,Ao.,afltforEr’pe
625,539 631,515
StocVin United States ports .. 512,287 800,529
93,766
119.859
295,908
Stock in ü . 8. lnterlor tow na.. 1 } 1.354
15.000
21.000
16,829
United States exporta to-d ay .. is.za i.
Total visibleanpply............ 2,680.472 2,670.366 2 634.998 2.905.481
Oithe abo ve,the totala o l A m erican and otber description a are aa foliota 782.000
494.000 797.000
Liverpool stock............... bales 802.000
261.000 287.000 322.000
Continental atocka.. . . . . . . . . . .
294,0J0
308,000
221.000
American afloat for E u r o p e ... 342.000
631.515
800,5 >9 625,539
U citedB tateaatook... . . . . . . . . . & * '
98.76«
119,859
295,908
U iltedS tates interior atocka.. l l i . o o *
15,000
21,000
16,829
U ilted Btatea exports to-d a y ..
Total American.................. 2.056,872 2,176,266 2,071,398 2,143,281
Matt Ind ian. B ra tu , a e . 181,000 228.000 267.000
Liverpool s t o c k ........................ 174,00
70.000
37.000
22.000
14.000
London stock.
101,200
107,600
75.100
100,610
Continental atocka....................
279.000
175,000
207.000
India afloat for Europe............ 295,000
42.000
16.000
9,000
40.000
Egypt, Brazil 1A c., a f lo a t ......
. .
623 600 494.100 563,600 762,200
K t S Amerioan?!.* ..7 .7 . "2.05 6.87 2 2,176,266 2.071,398 2,143,281
Total visible supply .
2 ,6 8 0 ,4 ^ 2,670 366 2,634,998 2,905 481
F rloeM id.U pl., L iv e r p o o l....
„ 6 «fed6
, t><r
price Mid. Upl.. New Y o r k ....
lO^ie®.
®*4°*
11 u °*
11 8 '
The imports into Continental ports this week have been
64,000 bales.
...
,,
.
,,
The above figures indicate an increase m the cotton in sight
to-night of 10,100 bales as compared with the same date of
1886, an increase of 45,474 bales as compared with the corre«ponding date of 1885 and a decrease of 225,009 bales as
compared with 1884,
A t t h e Interior T o w n s the movement—that is the receipts
foi the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1886-86—is set out in detail in the following statement.
Week ending
Apr. 8.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
ifutur.
G alveston. . .
New Orleans.
M obile..........
S a v a n n a h ...
Charleston. .
W ilm ington..
Norfolk.........
Boston..........
Baltimore—
Philadelphia.
Angusta.......
M em phis___
St. Louis.......
C incinnati...
Louisville . . .
lo ie
lo ie
to
lo ie
lo ie
10%
1088
10%
lose
10%
10 %
101 je
lo tta
1C%
10%
R eceipts
from
Mon.
lo ie
10*8
10
lo ie
lo ie
10>e
1088
10%
10%
10%
lo ie
i o t i«
101,8
lo ie
10%
the
Tues.
l o ie
10^
io
lo ie
lo ie
lo ie
lese
10%
10%
10%
lo ie
10*10
101 8
1018
IOI4
g
£ | w * S -S 3
-Bf g Ç £ T 4
? sr
• ®7 W • 00
H M►m
86S^“ : «
I1 afe*
r i f u g gib i: Taf*
g: Q* î :
Thurs.
lo ie
lOite
10
lo ie
10%
lo ie
l<|8g
10%
loca
10%
l ò ie
ÎÜÎ18
101,«
lo ie
10%
10%
10*ie
10
10%
10%
10%
lo * i
10%
Fri.
Et
0
10%
10%
lo tta
10
U%
10%
—
Plantations .— The following t a u *
Indicates the actual movement each week from the plan“
tations. The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the orop
which finally reaches the market through the outports.
Week
¡indino—
Receipt* at the Porte. StTc at Interior 71non*. Ree’pt* from Planvn*
1886. 1886. 1887. 1885. 1888. 1887.
Mar. 4 ........ 68,866 68,223 79,951 199,179 442,408 206.9-1
“ I l ........ 42.681 62,129 72,953 181,132 421,736 286.962
- 18........ 82.885 67,743 57,716 170,155 392,722 200,914
“ 25........ 28810 64.828 46,298 158,175 3 8,392 173.840
A pr. 1........ 28,111 69,095 84,116 144,998 835.668 143,103
“
8........ 21,»08 41.892 29,308 123,906 819,74* 13?, 22 '
1885.
1886.
1887.
39,563
24,53*
21.908
16,830
14,934
5,716
68,025
41,457
28,729
29,998
86,366
25,473
44,74»
43,924
21,668
19,230
8,437
18,360
The above statement shows—1. That the total receipts from
the plantations since September 1, 1888, are 5.154,351 bales;
in 1885-86 were 5,195,883 bales; in 1884-85 were 4,712,786 bales.
2. That, although the receipts at the outports the past week
were 29 308 bales, the actual movement from plantations was
only 18,360 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 25,473 bales and for 1885 they were
5,716 bales.
A mount of Cotton in Sight A pr . 8.— In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Apr. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1886-87.
K B B rr'jw as
5 !? !:$ £ $
TFcrfwes.
1885-86.
1884-85.
1883-34.
Receipts at the ports to Apr. 9 . 5,070,191 4,831,089 4,601,095 4,649,774
Interior stocks on Apr. 3 In
84,160 303,894 111,691
60,912
excess of Septem ber 1.
o £ S B 2 a * g w ® $ § i* B B s i§ c
T ot. receipts from planta’tns 5,154,351 5,195,883 1.712,786 4,7 10,6 8«
720,395 (482,645 556,182 526,3g8
N3t overland to Apr. 1 ....... .
8 mthern oonsum pt’n to Apr. 1 303,000 253.000 217,000 236,000
T jtal In sight Apr. 8 .............. 6,177,746 6,131,528 5,485,968 5,473,014.
QQ IP*-1K1M
ODK©*0©v$»0
1^.0*<»0^0* c»
<1
Cito
M M 63M
€&v) M MIO 3 3
8 -t
W C H 5 C O Ì-1 -O W O ©
chx od o co «• x
ilOT.viWWO03OOCCM(»-Ovlült0W
8 1®
* «
&
3
s. g»
3
CO T. m IO ►-* Ci C i
O JO 00 v i C i IC M v| c t e
“ 3
"•„r*
Tx co 00 b : b o te v i te -.1 a> c o t e c o b : Te oc b - c o b
ODOOOCiCO*H*e*v|C:CCJ»<>COO^-*>-fce OD^
M
M
coteoiK ïM ^ çcooo
IC C M
bkV aoop
K - i v i C i - GO O
Ci
m
a
Northern spinners’ takings to
1,408,057 1,496,103 1,182.212 1,336,545A pr. 8 ..............................
It will be seen by the above that the lnorease in am ount in s ig h t
to-night, as compared with last year, is 46,218 bales, the Increase
ms compared with 1884-85 Is 691,778 bales and the increase o v e r
1883-84 is 704,732 bales.
W eather R eports b y T eleg raph .—The temperature has
been slightly higher over the greater portion of the South
M M
CB* OQMfeOM
during the week, but from some sections frosts and snow are
vi. 030»-* <JtO
P £>M^ ^ MWCOC
OO* - 14-. a. M X*0
o». CROC^y
^Maocvio^coviüi^cïtoovacjtp-teciCiO
reported. Where the conditions have favored it, planting has
made good progress.
% 3?
0C)N3
<1
COM ;
IDOO
M
COCO
•wChmiocbmoi b co; <jleb:V odenm •* S
•V <6*
Galveston, Texas.—There has been no rain all the week.
•Ci w.
e c n C B C ^ Q O O C i O O Î <1 v|
C* CO *- ** •*•
^ o ;y ^ y c e o o t - cecou co^ iHioco 00s*
The thermometer has averaged 66, the hightst; being 75 and
the lowest 51.
M
OD
vj
Palestine, Texas.—W e have had no rain all the week, and
* CO
P*
M 8S
VA
<J ÎOMODKvJ MMCPv) MM|5 M &CC g?
are needing it badly. Planting makes good progress. The
<y*Ctc
vj XO;*UCCC*0CBOitC.CJ»COCBtf>‘ .35 toco—Oi
vJC 0D«-X(£K3 <0 v)tf%
XCCCt*t0~4JL MXO«ü«|^C04-CXOOtO
thermometer has ranged from 40 to 75, averaging 62.
to
P ew Orleans, Louisiana.—There h> s been no rain all the
5p
05
C£ (0*.
I-*
M
es M
week. The thermometer hap averaged 60
COtCCB»~MtOM cc
*»
’S.»}
S
5
6
0
W
-J
tS
O
'
<
J
7
J
>
a^',^-pac CTMeOQCWJTCCMX*. OO'tCO1
Shreveport, Louisiana.—Rainfall for the week six hun
b*.
joy*» C
vi
<iî-*
« c leî» <j
A-OW—
cto«e
—*. *to0
a1a, es
uste
—aa ci<,0
to0c
jco■*. 9- c C
dredths of an inch. Average thermometer 62, highest 85,
M05vj <1jc vjj<1 u a
OWW«lS!Sai*UïWC«i5O-M60.
lowest 39.
w
Columbus , Mississippi-—It has rained on two days of the
M
0» M
y.
weo
M ; to
it.
wtek. the rainfall reaching one inch and thirty-eight hun
Vj o>7£mw«4
a 0 —COO''l l*. CC -oii-ooiaioi.Ow.co: it-wBttoo»
dredths. There has been light frost. The thermometer has
c 0 »i #. tca to 9. a
tocoo —exoiSohoi, io #. n ooa -i
averaged 48, ranging from 30 to 72.
10
tu
Leland. M ississippi.—R unfall for the week fourteen hun
CO CD tO
Ma MC
O
OOMOh.cc«to; 0«
COCB 5*5|ChDIOM*q^
iP
.OC'SitOT »0
O'. % ç?
dredths of an inch. The thermometer has averaged 58, the
1cob •—*X • X * m x'*—aw -1to'*«:m• is<|V®«cab
1
DCBCt» . CO! a
C ■Xcv©~ cocOCvî«£>2 aroxü'vioxOD
highest being 79 and the lowest 34.
1Q
AaccMt-w.
Greenville, M ississippi.—The weather has been clear and
* The fliiiirpfi for T.onisrjnp in both years are “ net.”
warm during the week, with light rain on one day. The rain
(This year’s figures estimated.
fall reached fourteen hundredths of an inch. The thermom
The above totals show that the old interior stocks have eter has ranged from 38 to 76.
Clarksdale , M ississippi.—Telegram not received.
decreased during the week 10,578 bales and are to-night 184,£54
<JW
« »b M M
H H
M 00
<|
M C ôb
M
iM C M
m
s«s:
470
THE CHRONICLE.
Vicksburg, M ississippi.—It has been showery on one day
o f the week, the rainfall reaching ten hundredths of an inch.
The thermometer has averaged 60, ranging from 44 to 80.
Oloster, M ississippi.—There has been no rain all the week.
"We have had light frost during the week. The thermometer
has ranged from 88 to 84, averaging 59.
Helena, A rkansas.—It rained on one day, and the remain*
der of the week has been pleasant. The rainfall reached nine
hundredths of an inch. Planting is making good progress.
The water has entirely receded from overflowed lands. We
¿have had two light frosts. The thermometer has averaged
67f8, the highest being 80and the lowest 86.
Memphis, Tennessee.—It has rained on two days of the
week, the rainfall reaching sixty-eight hundredths of an inch.
The thermometer has averaged 59 ‘8, ranging from 39 to 79.
Nashville, Tennessee.—It has rained on two days of the
week, the rainfall reaching thirty-four hundredths of an inch.
T he thermometer has ranged from 82 to 76, averaging 51.
Mobile, Alabam a.—It has been showery on one day of the
week, the rainfall reaching thirty-five hundredths of an inch.
Planting is making good progress. The frost we have had
will make replanting in some districts necessary. Average
thermometer 57, highest 73, lowest 41.
Montgomery, Alabama.—W e have had rain on two days
o f the week, the rainfall reaching forty hundredths of an
-inch. The thermometer has averaged 56, the highest being
75 and lowest 40.
Selma, Alabama.—W e have had rain on two days o f the
week, the rainfall reaching fifty-nine hundredths of an inch.
The thermometer has averaged 55, ranging from 37 to 76.
Auburn, Alabama.—The days have been warm, but the
nights cold during the week, with two showers. The rainfall
reached eighteen hundredths of an inch—not enough to do
muoh good. The thermometer has ranged from 39 to 73,
•averaging 54*4.
Madison, Florida.—It has rained on one day of the week,
th e rainfall reaching sixty-seven hundredths o f an inch. The
thermometer has averaged 57, the highest being 75 and the
lowest 84.
Macon, Georgia.—There has been rain on one day of the
week.
Columbus, Georgia.—There has been no rain all the week.
T he thermometer has ranged from 45 to 68, averaging 55.
8 zvannah, Georgia.—It has rained on one day and the
•remainder of the week has been pleasant. The rainfall reached
•ninety hundredths of an inch. Average thermometer 54,
•highest 74, lowest 35.
Augusta, Georgia.—The weather has been clear and pleasant
-during the week with light rain on one day. The rainfall
•reached twenty-seven hundredths of an inch. Grain is doing
well, but as yet no cotton has been put in the ground on
account of cold weather. The thermometer has averaged 55,
the highest being 78 and the lowest 29.
Albany, Georgia.—The weather has been dry and cold all
'the week—too oold—with light frost. The thermometer has
•ranged from 36 to 78, averaging 54.
Charleston, South Carolina.—It has rained on two days
-of the week, the rainfall reaching one inch and fifteen hun-dredths. Average thermometer 53, highest 71 and lowest 51.
Stateburg, South Carolina.—Rain, accompanied by a little
«leet, has fallen on one day of the week, and on Friday and
■Saturday we had snow. The rainfall reached fifty-two hun
dredths of an inch. Ice has formed during the week, and
•'there has been very heavy killing frost. The thermometer
has averaged 51T, the highest being 72-5 aDd the lowest 29 5.
Columbia, South Carolina.—Telegram not received.
Wilson, North Carolina.—It has rained on one day o f the
week, the rainfall reaching thirty-six hundredths of an inch.
There has also been snow to the depth of three inches. The
thermometer has ranged from 30 to 76, averaging 51.
The following statement we have also received by telegr&ph,
showing the height of the rivers at the points named at 3 o’clock
Apr. 7, 1887, and Apr. 8, 1886.
A pr. 7, ’87. A p r. 8, ’86.
Feet. Inch.
14
9
21
4
7
5
12
0
43
5
H e w O rle a n s....
M e m p h is .........
N a s h v ille ....___
S h r e v e p o r t ......
W iok-burg...........
Feet.
11
32
48
15
6
Inch.
6
7
5
7
Shipments f o r the week.
Shipments since January l .
Great
Britain.
Conti
nent.
Total.
10,000
4,000
9.000
2.000
19,000
6,000
C a lc u tta 1887.........
1886.........
M a d ra s1887.........
1886.........
All others —
1887.........
1886.........
Total a l l 1887.........
1886.........
Great
Britain.
Continent.
40.000
29.000
Total.
53.000
19.000
93.000
48.000
2,000
2,000
1,000
14.000
21.000
10,000
12,000
24,030
33.000
19,000
7.0U0
56.000
52.000
63.000
31.000
119,000
83,000
1,000
10,000
5,000
9.000
2.000
2,000
2,000
The above totals for the week show that the movement from
the ports other than Bombay is 12,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1887, and for the corresponding
periods of the two previous years, are as follows:
KXPOBT8 TO EUROPE FBOM ALL INDIA.
1887.
1886.
1885.
Shipments
to all Europe
from —
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. l.
B o m b a y ..........
All other ports.
66,000
19,000
415.000
119.000
58,000
7,000
395,000
83,000
29,000
6,000
278,000
71,030
T o ta l..........
85,000
534,000
65,000
478,000
35,000
849,000
A l e x a n d r i a R e c e i p t s a n d S h ip m e n t s . — Through
arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
A lexandria, Egypt,
Apr. 6.
1886-87.
1885-86.
1884-85.
This
S ince
week. Sept. 1.
6,000
2,813,000
This
S in ce
w eek. Sept. 1.
11,000
3,460,000
This
Since
week. Sept. L
E xports (bales)—
T o L i v e r p o o l ...... . . .
T o C o n tin e n t.............
240.000
3,000 134.000
2,000 213.000
3,000 141.000
3.000 284.000
9.000 163.000
T otal E u r o p e ......
3,000 374,000
5,000 354,000 12,000 447,000
Receipts (oantars*)—
This w e e k ....
Since S ept. 1
9,000
2,844,000
* A oantar Is 98 lbs.
This statement shows that the receipts for the week ending
Apr. 6 were 9,000 oantars, and the shipments to all Europe
3,000 bales.
M a n c h e s t e r M a r k e t , —Our report received by cable to-night
from Manchester states that the market is quiet for both yarns
and shirtings, but that the demand for both India and China
is poor. W e give the prices for to-day below, and leave those
for previous weeks of this and last year for comparison:
1887.
32s Cop.
Twist.
d.
d. s.
Mar 4 7 k ©7% 5
•• 11 78is—17 l8 jt 5
“ 18 7316_ 7 i 3 lf, 5
25 73|fl © 1 3 ,g 5
Apr. 1 7616-715!, 5
“
8 ]76lt.-7 1 5 ,e 5
8 k lbs.
Shirtings.
d. s. d.
9 k ® 6 10k
9 ®6 10k
9 « 6 10k
9 a 6 10k
9 ®610k
9 « 6 10k
1886.
Oott’n
Mid. 32s Cop.
Twist.
Uplds
d.
5k
56.6
536
57.6
51*16
5k
d.
d.
s.
6% ®73e 5
tiiiift'ftT&ie 5
61316®77 i 6 5
6% ®7716 5
5
(5
8 k lbs.
Shirtings.
d.
7
7
7
7
7
7
s.
®7
®7
®7
®7
®7
®7
d.
Ok
Ok
Ok
Ok
Ok
Ok
CotVn
Mid.
TJplds
d.
4 «h
4i3ja
5
415W
5
5116
O v e r l a n d M o v e m e n t , «fee., t o A p r i l 1.— In our editorial
columns to-day will be found our regular statement of over
land movement, receipts, exports, spinners’ takings, «fee.
brought down to April 1.
E a s t I n d ia C r o p .— From Messrs. Gaddum, Bythell <fc Co.’s
receipts circular, of date Bombay, March 4, we have the follow ing:
-fluid shipments of cotton at Bombay have been as follows foi
The receipts of Bengals this week show an im provement in quality,
the week and year, bringing the figures down to Apr. 7,
more fine and fully good having arrived, but the cotton was bought up
I n d i a C o t t o n M o v e m e n t f r o m a l l P o e t s . — The
BOMBAY RECEIPTS AND SHIPMENTS FOB FOUR YEARS.
\Shipments this week
Shipments Since Jan. 1.
Tsar. Great Conti
Great 1 ContiTotal.
.Bril’» . nent. Total. Britain] nent.
1887115.000
1886 27.000
•1885 14,000
1884126.000
51.000
31.000
15.000
46.000
66,000 108,000 307.000
58.000 121,000 274.000
29.000 81,000 197.000
72.000 234,000 284.000
415.000
395.000
278.000
518.000
Receipts.
This
Week.
77.000
54.000
35.000
69.000
Tear.
691.000
625.000
410.000
697.000
According to the foregoing, Bombay appears to snow an
increase compared with last year in the week’s receipts of
28,000 bales, and an increase in shipments of 8,000 bales, and
the shipments since Jan. 1 show an increase of 20,000 bales.
The movement at Caloutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
ears, has been as follows. “ Other ports” cover Ceylon,
htioorir Hurrachee and Coconada,
i
as soon as it arrived, and there is n ow hardly any stock o f these quali
ties. Receipts in the Oomra up country markets are now believed to
have obtained their maximum, and a decrease is looked for shortly. In
the DhoUera districts supplies continue very small, aud quality is, if any
thing, less satisfactory than before. Picking is progressing verv slowly
in the Broaoh districts, the receipts o f seed cotton at the principal gin
ning centres being quite insignificant, and there is not expected to be
m uch improvement in this respect until about ten days hence, as some
native holidays occur next week, and besides this holders are not will
ing to part with their cotton, believing they will get better prices later
on. Picking has begun in the Tinnevelly districts, but we have nothing
fresh to report regarding the Westerns, Dharwar, «fee., crops.
J u t e B u t t s , B a g g i n g , «fee.—A better demand is reported
for bagging, and the market is becoming firmer. Some large
sales have been made at 6@6J^c. for 1^-lbs., 6J£@63£c. for
1%-lbs., 7@7>^c. for 2-lbs., and 7}>£@7%c. for standard grades,
but some sellers are asking a shade higher for jobbing orders.
Only a fair demand is noted for butts, but the market is
steady and paper grades are held at l^ @ l*80c., while bag
ging qualities are quoted at 2@2^c.
THE
A p r il ô, 1887.1
(CHRONICLE.
471
S h ip p in g N e w s . —The exports of cotton from the United
Saturday Monday. Tuesday. Wednes. Thured’y. Frida#.
Spot.
States the past week, as per latest m ail returns, have reached
Fair
67 845 bales. So far as tne Southern ports are concerned, these Market, { business
Dull.
Firm.
Firm.
Firm.
are the same exports reported by telegraph, and published in 12:30 P.M. J doing.
d s. ...
C%
5%
5%
5**1*
the Chronicle last Friday. With regard to New York we Upl’
5%
Mid. Orl’ns.
5%
5**1«
5**16
5**16
5**16
include the manifests of all vessels cleared up to Thursday. Mid. Sales .
Total bales.
Y ork —To Liverpool, per steamers Alaska, 2 .6 86— City
o f Chester, 2,230___Etruria, 207. ...G erm anic, 2 ,1 8 3 ....
Helvetia, 3,605 .. Navarro, 2 ,1 1 2 .......................................... 13,023
2,257
T o Hull, per steamer Buffalo, 2,257
To Havre, per steamer La Bretagne, 4 0 5 ..............
405
To Bremen, per steamers Aller, 295-----Elbe, 500
795
To Hamburg, per steamer Wieland, 57 0.................
670
T o Rotterdam, per steamer P. (Jaland, 331............
331
To Antwerp, per steamer Waesland, 2 6 .................
26
■ ___________
_____
700
To
Barcelona, per
steamer Reading. 700.
To Genoa, per steamers Alsatia, 1,046— Australia, 1 0 0 ..... 1,146
wkw
T o L eghorn, p er steam er A lsa tia , 100
N e w O r le a n s —T o L iv erp ool, p e r steam ers C ab a n , 2 ," 6 5 .
N ioeto, 2 ,6 4 4 ___ p e r ship M argareth a, 4 ,4 9 0 .....................
T o H avre, p er ship W illiam T ap soott, 5 ,3 2 6 ....................... .
T o A ntw erp, p er steam er L eg isla tor, 3 ,0 3 3 ................................
T o Christiansand, p e r b ark J oh a n Irg en s, 2 ,4 2 1 ........................
T o St. Petersburg, p er b ark E lias, 2 ,3 0 0 .......................................
Mo b il k - T o L iverp ool, p er ship J u lia, 3 .5 3 6 .....................................
S 4 Van n ah —T o N ord kop ln g, per b ark F rid lief, 1 ,7 0 0 ........................
Ch ar lesto n —T o R eva l, p e r b ark N ikolai, 1 ,4 6 5 ................................
T o Elsinore o r C hristiansand, p e r b ark M ann heim , 1,600 ___
G alv e st o n —T o B rem en, p er b ark Q ueens Cliff, 2 ,1 9 0 .....................
Norfolk —T o L iverp ool, p e r steam er K in g d om , 4 ,8 0 6 ...................
B a l t im o r e —To L iverp o ol, p er steam er K a tie, 1 ,2 9 0 .......................
B o sto n —T o L iverp ool, per steam ers B av a rian , 2 ,4 5 5 ....C e p h a lonia, 1 ,2 4 1 ___ K a n sa s, 3 ,5 8 7 ........................................................
P h il a d e l p h ia —To L iv erp ool, p e r stea m er B ritish P rin cess,
1 ,5 4 3 .........................................................................................................
T o ta l----------------
100
9,499
5 ,3 2 6
3 ,0 3 3
2,4 2 1
2 ,3 0 0
3 ,5 3 6
1 ,7 0 0
1,4 6 5
1,6 0 0
2 ,1 9 0
4,8<'6
1,2 9 0
7 ,2 8 3
1,5 4 3
6 7,315
The particulars of these shipments, arranged in our usual
form, are as follow s:
Liver
pool.
New York. 13,023
N. Orleans. 9,499
M obile....... 3,536
Spec. A exp.
Futures.
Market, { Steady at
12:30 p . m . J partially
1-64 adv.
Market, ( Barely
4 P. M. ( steady.
4 05
5 ,3 2 6
1 ,365
..........
Savannah..............
Charleston..............
Galveston...............
Norfolk....
Baltimore.
Boston . . . .
Phlladel’ia.
357
3 ,0 3 3
..........
4 ,7 2 1
1,700
1,465
1,600
2,190
T o ta l... 40,980 2,257 5,731
3,535
6,555
6,321
8,000
1,000
Steady.
Steady.
Weak.
Quiet.
12.000
1,000
8,000
1,000
4
2.
!
<
B u y at Steady at
2-64 de
1-64 de
cline.
cline.
Quiet
Weak.
and
steady.
O T The price» are given in pence and 6Uh$, th u s:
4 63-64d., an d 5 01 means 5 l-6 4 d .
S a t., A p r.
Klon., A p r. 4 .
4 63 m eant
T u es., A p r,
s.
Open High Low. Clos. Open High Low. Clot. Open High Low. Clos.
April..........
Apr 11-May..
May-June .
June-July..
July-Aug...
Aug.-Sept..
September.
Sept.-Oct...
Oct.-Nov...
d.
S 43
6 42
644
6 46
5 47
5 49
660
5 41
5 32
dt
5 48
5 42
5 44
5 46
5 47
5 49
550
6 41
5 32
».
5 42
5 42
5 44
5 46
5 47
5 49
550
5 41
5 32
».
5 49
5 42
6 44
5 46
5 47
5 49
550
5 41
5 32
W s d n n , , A p r. 6 .
».
5 39
539
5 41
5 43
5 45
5 46
5 47
538
629
».
5 39
5 39
5 41
543
5 45
5 46
5 47
538
629
».
5 87
5 37
539
541
5 43
545
546
5 87
5 29
».
537
5 87
539
541
5 43
5 45
5 46
687
529
».
6 40
5 40
5 42
5 44
5 46
5 47
548
5 33
530
T h a n .. A p r . r .
».
5 40
5 40
5 42
5 44
5 46
5 48
5 49
539
5 81
d.
d.
5 40 5 40
540 5 40
5 42 5 4 »
544 5 44
5 46 5 40
5 47 5 48
5 48 54 »
538 580
530 5 31
F r l., A p r. S.
Open High Low. Clo». Open High Low. Clos.
1,346
..........
1,946
10,000
1.000
The opening, highest, lowest and closing prices of futures for
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, nnlfla^
otherwise stated.
Rotter- Elgin's,
dam, Chris- BarceAntw’p, tian- Iona,
Brem. Reval sa n d d Genoa
and <t Nor- St. Pet- and
Hull. Havre. Hamb. hoping. ersb’g. Legh’n.
2 ,2 6 7
.........
15,000
4,000
67,345
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing data down to the
atest dates:
April.........
Apr .-May ..
May-June..
June-July..
July-Aug ..
Aug.-Sept..
September.
sept.-Oct...
Oct.-Nov...
i.
539
539
6 41
5 43
5 44
5 46
5 47
5 38
5 29
».
5 39
5 39
5 41
6 43
5 14
5 46
5 47
638
529
».
5 37
5 37
5 89
5 40
5 42
5 44
5 45
5 3d
6 28
»
5 37
5 87
5 39
5 40
5 42
5 41
5 43
536
528
».
5 37
5 37
538
5 47
5 42
5 44
5 45
6 87
528
».
537
5 37
538
5 40
5 42
5 44
5 45
5 37
5 28
».
5 37
5 37
5 «8
5 40
542
5 44
545
687
528
».
5 87
5 37
638
5 40
5 42
5 44
5 45
537
5 28
e
P
BREADSTUFFS.
G a lv e st on —For Vera Cruz—A pril 2—Steamer Harlan, 530.
N e w O r l e a n s —For Liverpool—Apr. 1—Steamer D iscoverer, 3,590.
S a v a n n a h — For Reval—Apr. 2 —Bark Delphin, 1,550.
F r id a y , P . M „ April 8.1 887 .
There has been a fair trade at about steady prioes for wheat
N ew port News —For Liverpool—Apr. 5—Steamer Hungarian, —— .
Boston—For L iverp ool-M ar. 3 0 - Steamer Samaria, 5 6 ___Apr. 4 — flour, bat the changes, when made, were almost uniformly
Steamer Istrian, — ■— .
toward lower prices, the course of wheat affording no enoourFor Yarmouth—Apr. 5—Steamer Dom inion, 25.
B a l t im o r e —For Bremen—Mar. 26—Steamer Hermann, 8 0 3 ....A p r. 2— agement to holders nor stimulus to tbe demand.
Steamer Main, 750.
The wheat market was dull and depressed during the firs)
For Antwerp—Apr. 4—Steamer Gothenburg C ity .--------.
P h il a d e l p h ia —For Liverpool—Apr. 5—Steamer In d ia n a ,--------.
half of the week under review. The large visible supply and
the slow reduction of our surplus stocks discouraged specula
Cotton freights the past week have been as follow s:
tion for the rise, especially as it was seen that a slight advance
TFedne«. Thurs.
brought the export business almost to a standstill. But on
Liverpool, steam d.
Wednesday reiterated reports of damage to the crop in Cali
°64
684
*16®664
Do
s a il...d .
fornia by drought caused a smart advanoe in speculative
Havre, steam . ..e .
*16
“16
*16
values—more decided at Chicago than on this market. Yester
Do sail.........c.
day there was some further improvement; foreign advices as
Bremen, steam ., e. 3y a 1332
»8
%
%
%
Do
s a il___ c.
well as Western markets favored sellers.
1132
Hamburg, steam, c.
Do
sall....e.
Amst’ d’m, steam e.
40*
Do via Leith.d.
Reval, steam ___d.
Do sail......... d.
Barcelona, steamd.
i364
Genoa, steam ___d.
732
Trieste, steam ... d.
%
Antwerp, steam.d. I 7e4^ %
*32
40*
40*
**32
**32
40*
40*
d a i l y c l o s in g p r ic e s o f n o . z r e d w i n t e r w h e a t .
Sat.
May delivery....................... 9189
June d e liv e r y .................. 91%
July d e liv e r y ..................... 90*3
September delivery........ 90%
December d e liv e r y ........ 93%
May, ’88, delivery............. 988s
316®*304 818'®l361 316®*304
18t
*864
*864
81S®782 316®732 S16®732 816®732
%
*4
*4
%
7«4® % 764®% \ 784®*8 704®%
* Per 100 lbs.
°* S ? fro,m ^ e r p o o l we have the followin
statement of the weeks sales, stocks, &c., at that port, W
add previous weeks for comparison.
^
Mar. 18.
week............ bales.
Of which exporters t o o k . . . .
Of which speculators took .,
sales A m erican. . . . . . . . . . .
Actual export. . . . . .
Forwarded............ !
stock—Estimated.
Or which American—Estim’d
Total import of the w e e k ......
o i which A m e rica n . . . .
Amount afloat.......................
Of which American"! IIII
II
4 » o fth .
•W S
II!"**"
65.000
3.000
7.000
45.000
6.000
19.000
933.000
740.000
66.000
51,000
286.000
238,000
Mar. 25.
81,000
11,000
9.000
50.000
6.000
18.000
949.000
756.000
101.000
76,000
270.000
203.000
A pr. 1.
A pr. 7.
88,000
15.000
12.000
58.000
8,000
28.000
959.000
777.000
119.000
90,000
260.000
171,000
56.000
4.000
8.000
36.000
5,000
23.000
976.000
802.000
88.000
71,000
209.000
131.000
r l5?rpo<? m" ket tor spots and futures et
Ä
Ä
Ä
Ä
‘he
Hon.
91*3
91
90*4
80
933s
98%
Tuet.
913s
9078
90%
89%
931s
98
Wed.
92%
91%
907g
90%
93%
98%
Thur».
92%
917s
911s
90%
94%
99
Fri
J
&
2
2
U
:
Indian corn has moved, as usual, in sympathy with wheat
and notwithstanding an increase in the visible supply, and
the check to export business, prices were hardening Wedn&s
day and yesterday, but the only decided advance was in spo
corn and early options.
DAILY CLOSING PRICES OF NO. Z MIXED COBH.
Sat.
April d elivery .. . . . . . .
May delivery...........
June delivery .......... ......... 48%
July delivery............. ........ 49%
Hon.
43%
48%
48%
49%
Tues.
48%
43%
48%
49%
Wed.
48%
48%
48%
49%
Thurs.
49%
49%
49%
4 9 78
Oats have been dull, but gradually gaining strength, unti
trade was brisk at higher prices, and the speculation showed
more life.
DAILY CLOSING PRIOES OF NO. Z OATS.
Sat.
April delivery.................... 343s
Mav d e liv e r y .................... S478
June d e liv e r y .................... 34%
Hon.
34%
34%
34%
Tues.
34%
34%
31%
Wed. Thurs.
34% 3478
34% 35
3478 35%
F rv
A .
0 »
0 -3
Rye has remained quiet. Barley has been closing out at
low and irregular figures. Barley matt is n demand, and
choice qualities are not plenty.
THE CHRONICLE.
472
FLOUK.
F in*................... * bb l. 92 3 0 » $ 3 00 Bouth’ n com . e x tr a s .. 8
Superfine.. . . . . . . . . . . . 2 75® 3 25 Southern bakers’ an*
fam ily br d s . . $ bbl 84
Spring wheat ex tras. 3 20® 3 40
Minn, olear and stra’t. 8 80® 4 50 Rye floor, superfine.. 2
F ine........................... 2
W inter shipp’g extras. 3 25® 3 60
Winter X X A X X X . . 8 8 0 9 4 65 Corn meal—
Western.
< t o .. ... . . . 2
P a t e n t s . . . . . . . . . . . . . . . 4 15® 4 80
2
Brandywine....... .
Southern s u p e r s ...... 3 10® 3 30
oaaur.
84 9
91 «
91 ®
85 ®
86 ®
47 ®
48^1®
47 9
47 ®
52 ®
48 O
97
93
93
96
95
51
50ifl
52
52
58
52
Wheat.
FUrur.
The following are the closing quotations :
W h ea tS pring,per bush.
Spring No. 2. new
B ed winter, No. 2
B ed w in t e r .........
W hite....................
Corn—West, m ixed
West. m ix. No. 2 .
West, w h it e ......
West, y e llo w .....
W hite Southern..
Y ellow Southern.
[Y O U X L I Y ,
S ta te & P a ., Ç bu sh.
Oats—M i x e d . . . . . . . . . .
W h ite .................
N o . 2 m ix e d ...............
N o. 2 w h it e ...............
B a rle y —C a n a d a . . . . . .
T w ô-row ed S ta te----S ix -row ed S t a t e .. ...
M alt—State, 6 -ro w e d .
S ta te, 2 -row ed .........
C a n a d a ......................
P eas—C an ad a...............
4 0 0 3 90
00® 84 40
75® 2 90
10® 2 25
____
40® 2 70
70® 2 75
57 ®
33>iia
36*«®
34 3t®
®
®
o
®
®
®
®
67
54
60
75
68
80
64
59
87
40
86
39
75
5G
63
80
70
90
65
Exports
tor week
ta—
1886.
Week,
Apr. 3.
1887.
Week,
Apr. 2.
Un.King.
Oontin’ñt
S.AC.Aiu
W. Indies
Brit, c o l’s
Oth.o’n’ts
Bbls.
73.973
Bbls.
142,930
7,131
19,052
16,579
6,118
858
Total
1,668
1887.
Week,
Apr. 2.
1886.
Week.
Apr. 3.
1887.
Week,
Apr. 2.
Bush.
203,302
366,287
Bush.
417,246
339,616
7,824
5,484
5,800
903
Bush.
767,260
662,726
20
19,509
15.701
0,327
367
....
5,000
574.60»
117.545 1,429.986
192.669
Corn.
1886
Week,
Apr. 8.
Bush.
991,874
425,891
545
4,688
1,400
1,907
825.873 1,426,306
By adding this week’s movement to our previous totals v «
have the following statement o f exports this season and last
season:
Wheat.
Flour.
Corn.
]
Sept. 1,’S0, .Sfept.l.’SS, Sept. 1, ’80, Sept. 1. *85. Sept. 1, ’80. Äiept. V8B,
Exports t • - to April to Aprü
to April
to April
to April
to April
8, 1886. 2, 1887. 3, 1880. 2, 1887. 3, 1886.
2. 1887.
Bush.
Bush.
Bush.
Bush,
Bbls.
Bbl*.
Dn. Kingdom 4,124,521 2,401,800 25,599.530 7,454.933 16,490,100 25,020,011
The movement of breadstufte to market is indicated in ti e
Statements below, prepared by us from the figures o f the Nev
York Produce Exchange, W e first give the receipts at Western
l alre and river ports, arranged so as to present the compara
tive movement for the week ending April 2, 1887, and since
July 81, for each of the last three years:
C ontinent...
S, A C. A m ...
West Indies.
Brit. Col'nles
Oth. oountr’s
817,207
082.608
479,612
807,527
25,278
T otal.........
5,936,808
Barlev, { Rye.
Com.
Wheat.
Beeeipts at— Flour.
Bbls.lOBlbf Bush.OO lbs Bush.M Ihr Bush.SS 15» Bush AHlb.- iftah.M !
The visible supply of grain, comprising the stocks m granary
at the principal points of accumulation at lake and seaboar d
port®, and in transit by water, April 2, 1887 :
Oat».
CM o» ro ........
Milwaukee...
T oled o..........
D etroit........
C leveland...
St. Louis. ..
Peoria..........
Duluth.........
170,432
77,824
0,740
8.321
4,743
20.804
2,108
1T ot. wk. *87.
Same wk.’8rt.
Same wk.’SS.
Mine* Ju'y 24
1830-7.. .
18S6-Ö.. ..
1884-5........
208.002
207.104
201,016
803,803
138,205
00,802
133,412
34,020
109,823
10,300
43,007
1,463,035
80,240
110,001
128,012
27,000
083,109
120,800
929.017
607,148
799,609
2.409,447
1,000,207
3,175,031
804,301
52,150
3,900
31,100
20,100
187,005
237,025
10,186
900
2,105
•weeeJ
620
16,703
8,900
251,030
84,531
10,500
22,332
3,050
28,800
15,000
860.749
271,505
233,407
30,534
20,583
60,302
V.540,852 68,902.35.' 04,513.037 48.201.740 19,521 047
5,800.216 47.704.123 68,999,760 42.033.950 18.408,836
7.090.244 67,019,515 72,078,£02 42,517,089 15,129,308
1,004.149
2,475,048
4,085,817
1,395.743
028,878
970,072
The comparative shipments of flour and grain from the same
ports from Jan. 1 to April 2, 1887, inclusive, for four years
show as follows:
F lo o r ............b b le.
1887.
3,400.097
W heat........ bu sh.
Corn......................
O ats......................
B a r le y ..........
E y e . . ...................
7,530,271
12,267,341
11,309,094
2, «93.184
209,581
Total g r a i n . . . .
34,015,474
*1880.
2,507,453
*1885
3,415,205
8,393,237
17,364,091
10,227.349
3,487.918
433,286
5,651,895
28,321.226
11,049,346
2,061,1*3
549,317
34,910,881
47,632,935
*1884.
2,636,009
6,375,8 9
22,226,908
10,453,49u
1,903,539
941,530
41,901,276
* Include one week extra.
The receipts of flour and grain at the seaboard ports for th
week ended April 2, 1887, follow:
A l—
New York . . . . .
B o s to n .. . . . . . . .
M ontreal..........
Philadelphia...
Baltimore.........
Richm ond.........
New O rleans...
Flour,
bbl».
87.735
95,092
1,714
37,677
60,534
8,516
15,011
Wheat,
bush.
465,634
70,368
34,309
240,533
204,245
13,785
Corn,
bush.
360,300
315,202
249,561
412,816
9,104
181,272
Total w e e k ... 310.281 1,028.874 1,528,345
Oor. week ’ 8 6 .. 2 6 3,2i9 376,309 1,022,166
Oats, B arita ,
ÜV6
bush.
bush.
bus A.
616,330 77,200 14,182
170,095 10,153
1,475
.........
4,906
2.700
74,147 28,200
......
4,864
40,470
150
4,963
12,387
929,198 118,253
494,619 77,529
20,671
8,344
The total receipts at the same ports for the period from Jan
1 to April 2, 1887, compare as follows for four years:
F l o u r ..... ..b b ls .
1887.
3,709,631
*1886.
R3,028,239
*1885.
3,867,880
*1884
3,335,595
Wheat . . ... b u s h .
C o r n ..... . . . . . . . .
O a t « ..... . . . . . . i .
B a r le y .. . . . . . . . . .
B y e ..... . . . . . . . . .
12,036.749
16,204,566
Ñ7.955.803
1,772,769
194,096
2,977,922
32,546,566
8,619.220
2,112,403
116,915
8,949,395
33.001,176
9,081,165
1,894,087
292,994
5.925,961
14,852,445
5,561,408
2,011,743
792,637
T ota l g r a in ....
88,161,605
46,373,026
53,218,517
29,147,194
* Include one week extra.
The exports from the several seaboard ports for the week
ending April 2, 1887, are shown in the annexed statement:
Exports
from —
Flour.
Oats.
Rye.
Peas.
WheaU
Corn.
Bush.
891,876
144,473
190,616
Push.
270,774
48.795
Bbls.
46.495
89,144
11,883
96,054
106,973
26,163
236,295
t,213,845
7.168
33,768
1.350
T ot. w ’ k 1,429,936 825.873
S’mo time
‘ 1886. ri 574.f 09 1.426,305
192,668
23,07 6|
7,025
107,224
117,545
85,473
.........
2,234
New York
B o sto n ...
Portland.
N. News.
Philadel.
Baiti tu’r<
N. O rl’ns
B lchm ’nd
2.860
Bush.
2,901
Bush.
7,025
19,925
Bush
1,283
4 8 ,7 15
57,226
••••».
250
.........
The destination of the exports is as below. W e add the
coTerponding period of last year for comparison.
72,572 10,622.327
31,874
507,479
550,430
8,071
333,044
100,096
ie.126
4,650.639
2,970
4,111
13
8t,820
7,234.578 11,387,48*
442.628
786,7M
313,813
190,7»
24,378
05,78»
45,973
84,1»
3,950,457 142,356,898 12,142,993 24,537,530 37,499,2»
Oats,
Corn,
Wheat,
bush.
bush.
bush.
4,415.425 1,721,344 8o7.423
16,600
28,090
86,100
21.499
9,597
147,499 142,903
1,737,630
Chicago............... 12,524.271 7.954,387 1,032,946
5.261
223,052 2,373,704
Do a f lo a t......
4,477
870
Milwaukee........... 3,846,292
In store at—
New Y o r k . . . . . . . .
Do a f lo a t ......
10,349.090
Duluth.......... .
......
141.000
Do a flo a t ......
16,606
173,565
2,982.655
T oledo............. .
22tf>00
29.8ÖO
106.038
D e t r o it ...... . . . . . 2.058,634
60.000
93,000
O s w e g o ...............
Bt. Louie________ 2,153.899 3,226,516 476.840
26,000 . 50.010
49,000
Cincinnati. . . . ...
335,537 350.867
197,392
21.363
174,942
Toronto_____. . . .
57,181 125.973
407,816
M ontreal.............
973,207 107,509
Philadelphia. . . . . 1,053,842
8,112 241.097 534.406
31.408
) 1.900
39,875
Indianapolis. . . . .
4,712
175.060
184,145
Kansas C it y ......
773,908
400,998
Minneapolis. . . . . .
St. Paul'.................
On M ississippi...
7.386.9e8
880.000
41,600
! On canal A river.
54,200
9 4 ,2 0 0
E ye,
bush.
24,492
1 «.UOO
30.445
25.871
158.953
Barley,
busk.
129,465
18,950
05,911
192,497
127,970
7,220
202,564
......
......
......
16,330
12,221
16,800 133,096
34.209
15,000
1,-96
4,249
22,282
18,677
16,000
23,293
201,77»
51,163
16,605
228
190
6,0'av
3,904,721 892,392
3,987,07o 382 8 :5
2.46.).802 527.590
3.034.071 395.125
4,490,451 2,000,404
1,168,623
1,431,216
930,437
1.030.30»
1,353,801
....
••• ••
19,700
388,700
Tot. Apr. 2. ’ 87. 51,585,985 18,784,702
Tot. Mar. 26. ’87. 52,411,694 17.368,518
Tot. Apr. 3, ’86. 48 ,9 7 2 .9 '8 16,291,763
Tot. Apr. 4, ’ 85* 43,493,093 10,450,963
Tot. Apr. 5, ’8 4 . 27,941,403 17,157,066
* Minneapolis and 8t. Paul not included.
THE DRY GOODS TRADE.
N e w Y o r k , Friday, P. M., A pril 8,1887.
Business in commission circles was comparatively quiet th*
past week, the majority of wholesale buyers having stooked
up so freely last month, in anticipation of the advanced freight
schedule, which has now gone into effect, that selections wer*
mainly confined to small parcels of specialties needed for th*
renewal of assortments. Transactions in staple and patterned
cotton goods were light in comparison with preceding weeks,
and there was only a moderate movement in domestic woolen
goods and imported fabrics from first hands, but prices ar*
for the most part Bteady, and stocks are well in band as a
rule. Some large blocks of printed calicoes were, however,
closed out at relatively low figures by the mill agents, and
subsequently distributed by leading jobbers on a slight mar
gin of profit. The feature of the week was an auction sale of
over 3,000 cases of white goods, the balance o f production of
the mills represented by Messrs. Lewis, Brothers & Go. Th*
sale attracted a large oompany of buyers, and the entire
offering was readily disposed o f at fair average prices, though
some lines of goods not strictly in accordance with the present
demand sold very low. The jobbing trade was not up to the
average of former weeks, retailers from some of the near-by
States having deferred their purchases of seasonable goods
because of the protracted cold and stormy weather in several
States.
D omestic Cotton G oods.—The exports of cotton goods
from this port for the week ending April 5 were 3,961 pack
ages valued at $¿¿7,127. Included in these shipments were
i 2,618 packages to Cnina, 867 to South America, 813 to the
473
THE CHRONICLE.
A pril 9, l#87.1
reduced to the replenishing point. Silk goods ruled quiet, and
considerable lines were offered through the auction rooms
with indifferent results. Dress goods were in light and irregu
lar demand, and other imported fabrics were more or less
quiet, but stocks are in fairly good shape and prices are with
out quotable change.
West Indies, 201 to Central America, 160 to Mexico, 116 to
Europe, 95 to the East Indies, 70 to Aden, and 31 to all other
countries. The exports since the opening of the year aggre
gate 59 226 packages valued at $3,283,870. Of this total
Ohina has taken 84,615 packages valued at $1,586,868. For
the corresponding period of 1886 the exports to all ports have
reached 58,713 packages, and in 1885 were 45,749 packagesThere was a not unexpected reaction from the activity lately
noted in brown, bleached and colored cottons, because dis
tributers are amply supplied for the present, but the tone of
the market continues firm and stocks are in very good shape
as a rule. Print cloths were in moderate demand and rather
easier, extra 64x64s having declined to S%c. flat, while 56x
60s were nominal at 2%c. bid to 3c. asked. Stocks last Sat
urday and for the three previous years were as follows :
A pril 2,
1887.
52.000
55.000
47.000
35.000
Stock o f P rint Oloths—
Held by Providence m anul rs.
Fall JRiver m anufacturers...
Providence speculators.........
Outside speculators (est).......
A pril 4,
1885.
480,000
420,000
324,000
300,000
A pril 5.
1884.
195,OU)
240,0(0
284,000
75,000
4 4 4 ,0 0 0 1 ,5 2 4 ,0 0 0
7 9 4 ,0 0 0
A p ril 3,
1886.
104,000
70,000
255,000
15,000
T ota l stock , (p ie ce s )............. 1 8 9 .0 0 0
I m p o r t a t io n s o f D r y G o o d s .
Prints were mostly quiet in first hands, but the entire stock
of Conestoga prints was closed out at low figures, and some
large sales of other makes were effected by means of price con
cessions. Ginghams, seersuckers, and woven and printed
wash dress fabrics continued in fair request and firm, and
there was a light business in table damasks, quilts, &c., but
white goods ruled quiet because of the large auction sale
alluded to above.
D o m e s t ic W o o l e n G o o d s .— The demand for heavy clothing
woolens continued sluggish, and there was a comparatively
light business in spring caseimeres, suitings, worsteds, &c.
Overcoatings were quiet in demand, but there was a fair
movement in the bettor grades on account of back orders.
Checked cloakings, Jersey cloths and stockinettes were dis
tributed in very fair quantities, and desirable makes are
steadily held. Woolen goods for women’s wear have met
with a fair share of attention, some very good orders for fall
styles having been placed for later delivery. Kentucky jeans
and doeskins ruled quiet and steady, and there was a limited
business in satinets. Flannels and blankets were in light and
irregular demand, but steady in price, and dealings in carpets
wool hosiery and heavy knit underwear were only moderate
in the aggregate amount.
F o r e io n D r y G o o d s . —At first hands the demand for
foreign goods was chiefly of a hand-to-mouth character,
because stocks in the hands o f distributers have not yet been
f^ ia c e lIa tL e ir o s .
Crenshaw &
p tis c e X Ia u p c r u s .
W isner,
71 W A L L S T ., N E W Y O R K ,
COMMISSION MERCHANTS,
Members of the Cotton, Coffee and Produce Exch’i .
AGENCY OE
THE
HAXALL
CRENSHAW
CO.,
R IC H M O N D , V A .
Standard Brand* of Flour for Shipment to Warm
Climates always on hand.
Bliss, F a b y a n & Co.,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
B R O W N 9c. B L E A C H E D S H I R T I N G S
A N D S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, M .
T o w e l« ,Q u ilt s , W h it e G o o d s Ac H o s ie r y
Drills, Sheetings, etc, for Export Trade.
ORIENT GUANO MANUFACT’G CO.,
O R IE N T, L . I.
Standard Superphosphates.
SULPHUR
MINES
p X in iu 0 .
COLORADO CENTRAL
Consolidated Mining Co.,
48 EXCHANGE PLACE.
P a u l L ic h t e n st e in ,
H . R. B a l t z e r ,
President,
Vice-President.
B, V . Ma r t in s e m ,
W . E. Ma r t i us .
Treasurer.
Secretary.
G. W . H a l l , Sup’L
SECURE BANK VAULTS.
COMPANY
OF V IR G IN IA .
High Grade Pyrites free from Arsenic.
Brinckerhoff, Turner
WELDED CHROME STEEL AND IRON
& C o .,
C O T T O N S A IL D U C K
In Bound and Flat Bars, and 5 ply Plates and Angle
F O R SAFES, VAULTS, Ac.
Cannot be Sawed, Cut or Drilled, and practically
Burglar-Proof.
And all kinds of
CHROME STEEL WORKS,
Manufacturers and Dealers In
OOTTON CANVAS, FELTING DUCK. CAB
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, Ac., “ ONTARIO” SEAMLESS
BAGS, “ AWNING STRIPES.
Also, Agents
U N IT E D S T A T E S B U N T I N G CO.
A full supply, all Widths and Colors, always In stock
N o . 1 0 $ D u a n e S treet.
B A G G IN G .
WARREN, JONES & GRATZ,
S T . I.O U IS , RKo.
M an u factu rers o f P u re J u te B a g g in g .
IMPORTERS OP
IRON
COTTON
TIES.
Circulars Free.
B R O O K L Y N . N . Ys
R u ction
es.
S T O C K S and B O N D S
A t A u ction .
T he U n d ersig n ed h o ld R E G U L A R A U C TIO N
SA L E S , o f a ll cla sse s o f
STOCKS
AND BONDS,
ON
WEDNESDAYS AND SATURDAYS.
ADRIAN H. MULLER 4c SON,
MO,
12 P IN E S T R E E T , N E W YORK.
(■QUrVABLX BUILDINGJ
ONLY
Direct Line to
France.
GENERAL TRANSATLANTIC CO.
B e tw e e n N E W Y O R K a n d H A V R E ,
From Pier (new) 42, North River, foot of Morton St
LA GASCOGNE, Santelli..........Sat., April 9,8 A M
L A NORMANDIE, de Kersablec, Sat., Apr. IS, noon*
L A BOURGOGNE. b’ranguel...Sat., April 23, 5 A.M
Travelers by this line avoid ootn transit by English
railway and the dlsoomforts o f crossing the Channa
In a small boat.
P rice o r P a s s a g e (including wine):—To H a v r e First cabin, $100 and 180 1 second cabin, $601 ste»r>
age, $22—Including wine, bedding and utensils. R
turn tickets at much reduced rates-. Checks onflanqu
Transatlantlque, H avre and Paris,in amount itosalb
S p e cia l T r a in f r o m H a v r e
P a r is
The Compagnle Generate Transatlantlque delivers
at its office in New York special train tiokets frost
Havre to Paris. Baggage checked through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company’s dock In
New York, Pier iiNorth River, foot of Morton 8U.
at least two hour •before the departnre of a steamer,
L O U IS D R R E R U N , A g e n t ,
N o . 8 H o w l i n g G reen»
.y
THE^OHRONICLE
474
©atuuftiatx and 'govzlqu JBanlis and R a n k em
C A N A D IA N .
!
0. F.
| 1 2 ,0 0 0 ,0 0 0 G o ld .
- $ 6 ,0 0 0 ,0 0 0 G o ld .
THE
NEW
N oe.
50
YORK
Ac 61
I
OFFICE OF THE
Railway Share Trust C o .
A T L A N T I C
(LIMITHD).
B M IT H E R 8, P resident.
W. J. BUCHANAN, General Manager.
NO. 4
B A N K
B O IL D IN G S
LONDON, ENGLAND.
OFFICE:
W ALL
ALKX’R LANG,
C a p ita l P a id IJp, £ 9 7 1 ,3 6 0
I io n d o n Office. N o . 2 2 A b c h u r c k L a n e .
S te rlin g .
This Company undertakes the business o f Trustee
to Loans o f approved Railways, negotiates and
issues Loans on the London Market, acts as Agent for
Railways and other Corporations, either In the mat
ter o f payments o f Interest on Loans, Dividends on
Imperial Bank o f Canada
C A P I T A L (p a id u p ), - 1U B P LU S, - - - - - - -
BRANCHES IN ONTARIO.
Niagara Falls.
P ort Col borne.
Ht. Catharines.
St. Thomas.
or Registration o f Stocks in London, or otherwise.
$ 1 ,5 0 0 ,0 0 0
$ 5 0 0 ,0 0 0
H . 8. H OW LAN D, Pres’t. D . R. W IL K IB , Cashier.
H E A P O F F IC E , T O B O N T O .
Toronto.
Toronto, Yonge Bt.
Welland.
W oodstock.
BRANCHES IN NORTHWEST.
_ ,
W innipeg.
Brandon.
Calgary.
Agents In London :
|
m New York :
L loyd’s, Barnett s A Bos-1 Ba n k 0 * M o n t r e a l ,
anquet’s Bank, limited, [
„ '
~ ,
Promptest attention paid to collections payable in
any part o f Canada.
Approved Canadian bnstness paper discounted at
th eH ea d O ffloeon reasonable terms, and proceeds
rem itted by draft on New York.
,
it Dealers In American Cur’y and Sterling Exchange.
Cable Address—P a
OF
CANADA.
w
, L ondon.
Blake, Boissevain & C o .,
LONDON,
ENGLAND.
N e g o tia te Railway, State and City loans.
E x e c u t e orders fo r Bonds, Shares, etc., on Com
mission, and transact a general Banking and
Commission Business.
S p e c ia l a t t e n t io n given to the execution o f
orders fo r Securities on the New York, Lon
don and Amsterdam Exchanges, in corres
pondence with
BLAKE
M erch a n ts’ Bank
18
28
BROTHERS
Ac CO .,
W a l l S tree t, N e w Y o r k ,
S tate S treet, B o s t o n , H a s s ,
AND
Capital, -
$5,799,200 P a id Up.
$1,500,000 A D O L P H B O IS S E V A IN & CO.
R e s e r v e ,........................
■ ¡President. AN D RE W A LLA N , E sq ._____
Vice-President, ROBERT ANDERSON, Esq.
N e w Y o rk . A g e n c y , N o . 61 W a l l S treet.
HENRY HAGUE,
l Agents
JOHN B. HARRIS, JR.. ) A*®1118'
a g e n c y
B
o f
t h e
ank
or
B ritish N orth A merica,
NO. 5 2 W A L L
STBEET.
Buy and sell Sterling Exchange and Cable Trans
fers Issue demand drafts on Scotland and Ireland,
also on Canada. British Columbia and Han Francisco.
ir c u l a r no te»
issued ‘"Foontasteritag
available in ail parts o f the world. C'OIWIvlEit*
C 1 A L C R E D I T f* lS H I’ EI) for use In Europe
China, Japan, East and W est Indies and the Brasils
JUver Plate, Ac.
. . .
. ,
._
Bills collected and other banking business trans* CUd*
p . A. MCTAVTSH, i Agents.
H . 8T1KEMAN,
Heinem ann & C o .,
62 Gresham House, E. C.,
LONDON.
S o licit accounts and agencies o f Banks, Railways
Corporations, Firms and Individuals upon
favorable term s; also orders fo r the pur
chase and sale o f Bonds, Shares, Ac., Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to 00-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subjeot to
demand drafts.
N egotiate Railway, State and City Loans.
Bank of Australasia,
(Incorporated by Royal Charter, 1885.)
4 T R r e a d n e e d le S t., L o n d o n , E n g la n d
Paid-up Capital, - - - - - - fl.OCO.OOO
Reserve Fund, - - - - - - £790,000
Letters o f Credit and Drafts issued on any o f the
numerous branches o f the Bank throughout Aus
tralia and New Zealand.
Bills negotiated or sent fo r collection.
Telegraphic transfers made.
Deposits received in London at Interest fo r fixed
psriods, or for transfer to the colonies on terms
which may be ascertained on application.
P H I H E A IT x
F O R E IG N .
A n glo-C aliforn ian Bank
°
(LIMITED).
LONDON, H ead Otti»*«. 3 A n gel C ourt.
F H A N M N r o ottico, 4 2 2 C a lifo rn ia 8 t.
N E W ¥ O H K C orrespondents.
”
J .A W .Seligm an& O o.
B O S T O N C orrespm id’ts, M assachu setts N. Bk.
Authorized C apital, - - - $ 6 .0 0 0 ,0 0 0
l*ald-n p Capitol, - - - - 1 ,6 0 0 ,0 0 0
Betterv e F u n d , - - - - - 4 0 0 ,0 0 0
Transact a general banking business. Issue Com
mercial credits and Bills of Exchange.available In all
parts o f the world. Collections and orders for Bonds,
Stocks, etc., execut -d u pon the most favorable terms
F b K D ’ K F . LOW .
I Manager*
li N . . U 8 T E IN tlA R T ,1* * na**r**
p . N .L IL K N T u A l . cashier
B K T .K V . « - o r e t a r v
H on g K on g & Shanghai
B A N K IN G
.T H E
NEW Y O R K , January 2 4 ,1 8 8 7 .
The Trustees, In conform ity to the Charter of
the Company, submit the follow ing Statement
o f its affairs on the 31st December, 1886:
Premiums on Marine Risks from
1st January, 1886, to 31st
Decem ber, 1 8 8 6 ............... .
$3,809,250 58
Premiums on Policies not marked
off 1st January, 1886......... .
1,426,049 46
Total Marine Prem ium s....... $5,235,299 99
Premiums marked off from 1st
January, 1886, to 31st Decem
ber, 1886......................................$3,817,699 86
Losses paid during the same
period............ ............................. $2,206,588 68
Retarne o f Premiums and E x
p e n s e s ............... . . . . . . . . . . .
$841,378 15
The Company has the follow ing Assets, via.:
United States and State o f New
Y ork Stock, City, Bank and
other Stocks..................................$9,382,375 00
Loans secured b y Stocks and
o th erw ise...........................
707,100 00
Real Estate and Claims due the
Company, estimated a t . . . .......
501,647 31
Premium Notes and B ills R e
c e iv a b le ........ ..............
1,568,13« 20
Cash In B a n k . . . . . . . . . . . . . . . . . . . . .
285,254 68
A m o n n t ..... .... ........ .....$ 1 2 ,4 4 4 ,5 1 1 69
A m s te r d a m . H o ll a n d .________
O F F IC E , M O N T B E A L .
GEOROE HAGU E, General Manager.
W . N. ANDERSON, Branch Superintendent.
BANKERS
LONDON, ENG.—The Clydesdale Bank (Limited.)
N E W YO RK —The Bank o f New York, N. B. A .
The New York Agency buys and sells Sterling B xChange, Cable Transfers. Issues credits available in
nil parts o f the world ; makes collections in Canada
and elsewhere and Issues drafts payable at any o f
the offices o f the bank In Canada. Every descrip
tion o f foreign banking business undertaken.
C
C o .,
W alter W atson, 1 »
{transfers ; grant Commercial and Travelers’ Credits
available In any part o f the W orld ; Issue drafts on,
and make Collections In, Chicago and throughout the
Dom inion o f Canada.
HEAP
Mutual Insurance
STREET,
Buy and Sell Sterling Exchange, Francs and Cable
Bssex Centre.
Fergus.
fiait,
Ingersoll.
%u&uxxutz.
F O R E IG N .
Bank o f M ontreal.
C A P IT A L , - - SG B PLU 8, - - -
[ Y o l . X L IV .
C O R P O R A T IO N .
Paid-up Capital......................................
$7,500,000
Reserve Fund.................................................. 4.300,000
Reserve for Equalizationo f D ividends....
500.000
Reserve Liability o f Proprietors.................. 7,500,000
The Corporation grant Drafts, issue Letters o f
Creult for use o f Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon. Maril".. Ilong Kong. Foochow. Amoy,
Ningpo, Shanghai, Hankow, Yokohama, H iogo, San
Francisco and London.
A. AI. TOWN8*KD. tr s n t. 4 » W illiam m .
JOSEPH Gl LLOTTS
S IX PE R CENT INTEREST on the outstand
ing certificates o f profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 1st o f February next
TH E OUTSTANDING CERTIFICATES of
the issue o f 1882 will be redeem ed and paid to
the holders thereof, or their legal representa
tives,on and after Tuesday, the 1st of February
next, from which date all interest thereon will
cease. The certificates to be produced at the
time of payment and canceled.
A DIVIDEND OF FORTY PER CENT Is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1886, for which certificates will be Issued on
and after Tuesday, the 3d of May next.
B y order of the Board,
J . H . C H A P M A N , Secretary.
T R U S T E E S :
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
James Low,
Win. Sturgis,
Benjamin H. Field,
Jqsiah O. Low,
Edmond W. Corlles,
R obert B. Mint urn,
William Degroot,
Horace Gray,
William E. Dodge,
William H. Maoy,
C. A. Hand,
Jnbn D. Hewlett,
William H. Webb,
Charles P. Burdett,
Henry E. Hawley
Adolph Lemoyne,
W illiam D. M organ,
C harles H. M arshall,
F red erick H. Cossitt,
W illiam B ryce,
J o h n E lliott,
J am es G. De Forest,
C harle» D L even oh ,
J oh n L Kiker,
N. D en ton Smithy
G e o rg e Bliss,
Isa a c Bell,
E d w a rd Fluyd-Jones,
A nson W. H ard,
ThoniH" M aitland,
J oh n E d ga r Johnson,
Ira B ursley,
J am es A . H ew lett,
G eorge H. M aoy.
JOHN D. JONES, President.
•■STEEL: PENS
W . H . B . M O O R E, V ice-President.
GOLD MEDAL PARIS EXPOSITION-1878.
T H E MOST PERFECT OF PE N S
A . A . R A V E N , 2d Vioe-PreeO.
THE CHRONICLE.
A p r il 9, 1887.]
T r u s t
grust Comp antes.
© o m p a u ie s .
Cntton.
C om p any United States Trust Ck\
Union Trust
OF N E W
VII
OF X E W YORK.
N o. 4 9 W A L L S T R E E T .
YORK
73 Broadway, cor. S e cto r S t, N. Y.
C A P I T A L ,- - - - - - SURPLUS’, - - - - - - -
COM M ISSION
Authorized to act as Executor, Administrator
guardian. Receiver, or Trustee, and is
A LEGAL DEPOSITOR! FOR MONET.
Accepts the transfer agency and registry of stocks,
and acts as Trustee o f mortgages o f corporations.
This com pan . Is a legal depository for moneys paif
Into court, and is authorized to act as guardian o?
trustee.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn aftei
five days’ notice, and will be entitled to Interest foi
the whole time they may remain with the company
Executors, administrators, or trustees of estates
and females unaccustomed to the transaction of busi
ness, as well as religious and benevolent institutions
will find this company a convenient depository foi
money.
JOHN A. STEWART, President.
WILLIAM H. MACY, Vice-President
JAMES S. CLARK, Second Vice-Pres’
For the convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows Interest
upon the resulting dally balances. Such checks pass
through the Clearing House.
TRUSTEES:
TRUSTEES:
Dan. H. Arnold, D. Willis James, Robt.B. Minturn,
Wm. Whltewright,
James M. McLean,
Thos. Slocomb, John J. Astor,
H. Warren,
Henry A. Kent,
Ambrose C. Kingsland,
Charles E. Bill, John A. Stewart, Geo.
George Bliss,
R. T. Wilson,
James H. Ogilvie,
Wilson G. Hunt,
William Libbey,
Wm. F. Russell,
S. T. Fairchild.
Wm. H. Macy, S.M.Buoki’gham.
H. E. Lawrence,
C. Brown,
C. D. Wood,
I. H. Frothingham,
Clinton Gilbert, Isaao N. Phelps, John
Cooper,
James N. Platt,
George A. Jarvis
Daniel D. Lord, Erastus Corning, Edward
W. Bay’rdCutting
C. Vanderbilt,
Samuel Sloan,
D. C. Hays,
S.
B.
Chittenden,
Chas.8. Smith,
James F « r s v t h ,
A. A. Low,
James Low.
John H. Rhoades, Wm.Rockefeller,
G. G. Williams,
Charles H. Leland,
Wm. W. Phelps, Anson P. Stokes, Alex.
E. Orr.
R. G. Remsen,
Edward King,
HENR
r/TiftS
,THOR^I5I,L, Secretary.
J. B. Johnston,
K. B. Wesley,
LOUIS G. HAMPTON. Assistant Secretary
D. H. McAlpin,
Edward Schell,
G-orve R. Purport.
Amara J. Parker,
Chauncey M, Depew,
Samuel F. Barger,
K uen i.ttii... avnuedy. Geo. 0. Mago un.
EXECUTIVE COMMITTEE:
Wm. Whltewright,
Q. G. Williams,
James McLean,
E. B. Wesley,
1 1 3 B liO A D W A Y , N E W Y O R K .
Geo. C. Magoun,
C. D. Wood,
C ap ita l, F u lly P a id .... *............. 8 l.U 0 0 .0 0 0
D. C. Hays,
A. C. Kingsland.
EDWARD KING, President.
JAMES M, MCLEAN, First Vice-Pres’t,
T
TRANSACTS a GENERAL
LOAN, lR U S l’ AND FINANCIAL BUSINESS.
JAMBS H.OGILVIE, Second Vice-Pres’t.
A. O. RON ALDSON. Secretary.
Receives Money on Deposit subject to check, and
allows interest on balances.
All Checks pass through the Clearing-house.
MAKES INVESTMENTS OF MONEV.
^COMPANY, OF
ACTS AS EXECUTOR, ADMINISTRATOR.
GUARDIAN, TRUSTEE, ETC.
B A L T IM O R E .
ALSO, AS REGISTRAR AND T RANSFER AGENT.
Onpltnl,
• .
SW~ An Authorized Depository for Court and
„ 8 5 0 0 ,0 0 0
A uthorized C ap ita i.
County Treasurers’ Fund.
$ 2 , 0 0 0 .0 0 0
Mercantile Trust & Deposit
DIRECTORS:
W. W. Spence, Louis McLane, John E. Hurst,
ChristianDevries Robert Lehr,
Stewart Brown,
C.Mort’n Stewart W. A. Tucker,
W. H. Blackford,
Robert Garrett, Jas. Carey Coale, E.
A. Jenkins,
Chas. D. Fisher, Oliver A. Parker, Bernard
Cahn,
Geo.
P.
Thomas,
H.Whitridge, J.W1Jlcox Brown,
r\ it ùniìi
’ W.
»». ki.iTuitnuK8,
in. H. Williams, J. A.Hambleton, Alex. Frank,
Andrew Reid, /Thos. Deford.
John Gill.
The
Union Trust C o .,
e il AND 613 CHESTNUT 8TREET,
P H IL A D E L P H IA ,
1 A uthorized Capital........................
11 n/vwwi
Paid-up Capital............................... V.V/.V.V* ’booiow
I . A “ 8 “ ®xejeutor, Administrator, Assignee ate
thedllw?CUte8 trnsts of ever, description znown'to
: p,fnv.trUH a**et° Uvt uparate from those of the Com.S S fe e ?
“
a o t t a r ™ l u » b l e . tiUten
m ur
J a s ? 3fTJr.cei ved, 0n deposit at interest.
A" S c T 0 - H 8 ? “
IJames Long,
s. Gillett,
C-P.Turner, M.D Alfred
Wm. g. Price,
W.J. Nead,
Thos. R. Patton,
n “ *•H. Lucas, D.H.Agnew.M./
Bob t Patterson,
Thos. G. Hood, i’heo. C. En, •1,
1
Joseph Wright,
John T. Monroe,
L G. Reading,
Jos. 1. Keefe,
J tcob Nayler,
Villiam Watson,
Metropolitan Trust C o .,
35 Wall St., New York
P r e m e r ? *g ^ f i ^ M
t fr y ’ b?® Ä *S u
°n Ä
, ®
:
--------President.
Secretary.
ME
CHANTS,
No. 123 P E A R L ST „ NEW YO.VK.
Orders for future delivery o f Cotton sxeeu .Ad •>
New York and Liverpool i also for G. ii and .-To
visions is New York and Chicago.
M ohr, Hanem ann & C o .,
COTTON
ROWLAND N. HAZARI), President.
GEORGE R. HART, Vice-President.
WILLIAM D. SNOW, Secretary.
JAMES S. THURSTON,Treasurer.
DIRECTORS:
TE ™ : r.OTT8’
W a l l a c e C. A n d r e w s ,
t? S S J mM-^caul ,a
l h a Da v e n p o r t ,
Jam es m . Vak n u m ,
Wir.r.iAM D. Sn o w ,
J ohn 1. b l a i R )
J ohn D K i v i m e y
E d w a r d F. Br o w n in g , F r e d e r ic A . P otts
R o w la n d n . H a z a r d , J ohn R oss ,
’
G eo rg e S. h a r t ,
A l e x a n d e r g R t.a n r
W m . b . D in sm o r e ,
F r a n k C. H o l l in s ^
?,^IAS L e w is ,, j r .,
T h o m a s L. W atso n
J ules A l d ig e ,
E l ia s 0 B en e d ic t ’
Ste v e n son B u r k e ,
W il l ia m p . A n d e r s o n .
Robert Tannahill & C o .,
Cotton Commission Merchants,
C o tto n E xch a n ge-ill nU diii«;, N e w Y o r k .
Special attention given to the purchase and sale orf
FUTURE CONTRACTS
n New York and Liverpool.
G.
Estate Trust
-
- __ -
Schroeder
&
C o .,N
Successors to WARE A SCHROEDER,
COMMISSION
M E R C H A N T S ,v
Cotton Exchange Building,
NEW
YORK.
Orders for future delivery of Cotton executed In
New York and Liverpool; also for Grain and
visions in New York and Chicago.
J. C . Graham & C o .,
19 S o u th W i l l i a m St. Sc 51 S ton e S t . ,
NEW YORK.
COTTON.
Co.
OF PHILADELPHIA,
Mo. 1 3 4 0 Chestnut Street.
C A P IT A L ,
B U IL D IN G ,
Sp e c ia l a tt e n tio n G iv e n to th e E xecution
OF ORDERS FOB FUTURE CONTRACTS.
THE
Real
EXCHANGE
New York.
AmericaD Loan & Trust Co,
Authorized to act as Exerut >r. Administrator,
Guardian, Receiver, or Trustee, »n j Is
A LEGAL DEPOSITORY FOR MONET.
Aocepts the transfer agency and registry o f stocks
and acts as Trustee of mortgages or corporations.
Takes charge of property, collects and remits In
terest and income promptly, and discharges faith
fully the duties of every trust known to the law.
Money received on deposit. All Trust Assets kept
separate from those of the Company.
,rSlar‘ Rr?of Safe3, and Boxes (having chrome
stool doors) to ront at$10 t o $100 per annum in thoir
f>e.wand e|eKant chrome steel FI RE AND BURGTi.me~Locks
V A ULTS, protected by improved
Wills kept in vaults without charge. Bonds and
Stocks, Plate and ail Valuables securely kept under
guarantee at moderate charges. Paintings, Statu
ary, Bronses, etc., kept in tire-proof vaults.
W. W. SPENCE, L. C. FISCHER
President.
Vice-Pres’t.
Treas. & Sec.
Bioss,
>Dapltal a n d S u rp lu s, - - - $ 6 ,0 0 0 ,0 0 4
8 1 ,0 0 0 ,0 0 0
$ 2 ,5 0 0 ,0 0 0
Allows interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
Interest for the whole time they remain with the
oompany.
„ .
...
Gwathmejr
-
-
BUYERS FOR AMERICAN MILLS.
S elm a , M o n tg o m e r y a n d N e w Y o r f e ,
John .L. B u l l a r d .
Receives deposits o f money payable by check and
allows interest thrreon; also receives fo r safe
keeping securities and other valuables, and
vault 8afe ‘ deposit b°xes in burglar-proof
Receives Trusts o f every description, acting as
executor, administrator, assignee, etc., and
executing surety for the faithful performance
, ,
o f any trust or office.
A cts as Agent or Attorney for the sale or management o f real estate, and insures titles to real
estate and mortgages.
OFFICERS:
President—FRANK K. H IPPLE.
Secretary—W ILLIAM R. PH ILLE R
Treasurer—W ILLIAM F. NORTH.
Real Estate Officer—THoMAS B. PROSSER.
DIRECTORS:
Frank K. Hippie,
George Philler,
Henry C. Gibson,
Edward T. Sieel,
Lemuel Coffin,
Charles W. Henry,
Beauveau B rie,
John K. Betz,
William M. Singerly.
'i homas Dolan,
John Wanamaker,
». Ajaic
T. T7 . * „ _ • a
R.
Dale ueil»(
Benson.
Solicitor—GEOKGifi JUNKLN.
Henry
h . wheeler.
Bullard & W heeler,
8 5 0 0 ,0 0 0
COTTON COMMISSION MERCHANTS
NEW YORK.
ALSO
R A G G IN G A N D IR O N T I E S .
(FOR BALING COTTON).
B. F. B A B C O C K & C O .
COMMISSION MERCHANTS,
IT
W a t e r S treet, L I V E R P O O L ,
consignments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool?
Represented in New York at the office of
SAM’L D. BABCOCK.
____________ 88 Nassau Street. New York.
Dennis Perkins & C o .,
COTTON BROKERS,
125 P e a r l Street, N e w Y o r k ,
T h e Brooklyn Trust C o .,
executed f ° r 8P€t 00110,1 and F«tuies promptly
Cor. o f Montague and Clinton Sts.,Brooklyn, N.Y.
This company is authorized by special charter to
alter
atman
f«rtttoreCeiVer’ tru8tee’ Kuardian, executor oradminCOTTON B R O K E R S ,
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive re
gistry and transfer books, or make purchisl and safe 5 8 R E A V E R S T R E E T , N E W Y O R K .
of Government and other securities.
6
Religious and charitable institutions, and persons
?nH(VC
v.U8t^med to tbe transaction of bu siest wm
Und this Company a safe and convenient depositnrv
for money. RIPLEY ROPES, President P
7
COTTON BROKER AND AGENT,
EDMUND W.CORL1ES, Vice-Pres’t.
TRUSTEES:
38 R U E D E L A B O U R S E . H A V R E .
Iosi ah O. Low, E. F. Knowlton, H’y K. Sheldon,
Alex. M. White, John T. Martin, C.
D. Wood,
J O IItf I I . C L I SB Y & CO.,
A. A. Low,
Fred. Cromwell, Wm.H.Male,
Alex. McCue,
John P. Rolfe, Ripley
Hopes,
Vlich’l Chauncey. E. W. Coriies.
COTTON BUYERS,
Abram B. Baylis.
Wm. B, Kendall H .E.Pierrepont, H.
, , . Maxwell,
irlaA,
W.
M ONTGOM ERY, A LA.
W
&
F
,
F . H offm ann,
J a m e s Koss Cu r r a n , Secretary.
F r e d e r ic k C. Colton , Asst. Sec’y,
PURCHASE ONLY ON ORDERS FOR A COMMISSION.
( A p r i l 9 1887,
TB K CHRONICLP.
fili
fpitsce Uaue0us.
©0tton.
$ O ÎÎ0 tl.
W oodw ard & Stillman,
W . T . H atch & Sons,
MERCHANTS,
Post Building, 16 & 18JExchange Place
N IW
INMAN, SW ANN&Co
to o r d e r s .t o r
D e l iv e r y
tor fu tu re
op
BANKERS,
14 NASSAU STREET, NEW YORK.
_
,,
( 1 3 2 C h u r c h S t r e e t , N . Y .,
B r a n c h Office s j g Q g C h a p e l S t ., N e w H aven
YORK.
COTTON
LOANS MADE ON ACCEPTABLE SECURITIES.
Sp e c ia l A tt e n t io n
H enry P. Hatch.
A rthur M. Hatch,
Walter T. Hatch.
Noth’l W. T. Hatch.
Personal attention given at the EXCHANGES ito
the purchase and sale o f STOCKS and BONDS for
.. . . . . . .
cash or on m a r g in .____
DEPOSITS RECEIVED—subject to check at sight
—with Interest upon b a l a n c e s . _ . Tr_„
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
M ERCHANTS,
Co n tra cts
Cotton .
N ew
Y ork .
COTTON, ALL GRADES, SUITABLE TO WANTS
OF SPINNERS,
Of f e r e d
on
T erms
to
Bethlehem Iron Com p y
Su it . _________
W illia m s, Black & C o ., Hubbard, Price & C o .,
p iN g fR U AND COMMISSION MERCHANTS,
1
W ILLIAM
Cotton E x c h a n g e , N e w Y o r k /
Price, R eid & C o .,
C O T T O N , G R A IN ,
P R O V IS IO N S , C O F F E E ,
NEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c.
A Co..
C otton
F actors
AND
C O M M IS S IO N M E R C H A N T S ,
No. 40 EXCHANGE PLACE,
MEMBERS OP THE OOTTON, COFFEE AN D
PRODUCE EXCHANGES.
U p -t o w n
o ffic e .
No. 204
church
Henry H en tz & C o .,
MERCHANTS,
8 S o u th W i ll i a m S t., N e w Y o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY
C O T T O N
at the NEW YORK. LIVERPOOL AND NEW OR
LEANS COTTON fcxCH ANGES. Also orders for
C O F F E E
at the NEW YORK COFFEE EXCHANGE, and
G R A IN
COTTON
L iv e r p o o l
F R K D K R IU
c o r r e sp o n d e n t s ,
ÜKBKB*
A TO.
Cotton Commission Merchants,
No. 116 CHESTNUT STREET,
P H IL A D E L P H IA .
NO. 49 MAIN STREET,
N O R FO L K , V A .
SPINNERS ORDERS SOLICITED.______
Rountree &
C o .,
COMMISSION MERCHANTS,
OOTTON H C H A N G E ^ N E W Y O R K , and
C O TTO N, G R A IN , P R O V IS IO N S ,
S lo c k s and P etroleu m .
Orders executed In New York, Chicago and Liv
erpool. All grades of cotton suitable to spinners
wants offered on favorable terms.
_________
G eo. Copeland & C o .,
AND
M A R IN E .
$360,000 00
C A P IT A L STOCK.. .........................
Outstanding Scrip.
•• •• ••••• '<16,«B0 00
R eseive to reinsure Outstanding Risks
„
and all other Liabilities.......................
Surplus over Capital and 8crip......
«7»,608 W
M A R I N E A N D I N L A N D INSURANCE
COMMERCIAL MUTUAL
IN S U R A N C E C O M P A N Y ,
42 W ALL STREET, NEW YORK.
ASSETS:
United States Securities. . . . . . . . . ••• ••••
¡5
Bank Stocks o f New York City Banks.... Ill,o3o 00
City and other Stocks and Bonds, Loans
and Cash In Banks.............. ......... •••••.••• 33y'4W M
Premium Notes, Cash Premiums, Re-in_
surance and other Claims......................• oa^~u
Total A » . « . « C T v y f L o M K p S A “
losses payable In LONDON, at its Bankers, Messrs.
BROWN. SH IPLEY A CO.
_______________
Insurance Co.
OF
134 P E A R L S T R E B T , N E W Y O R K .
FELLOWES, JOHNSON & TILESTON,
The Safe Deposit Co. of New York.
»
N e w Y o r k O ffice, 7 5 B e a v e r Streel,
J . R A Y M O N D S M I T H , A g en t.
Phenix
OOTTON BROKERS,
Messrs. Smith, Edwards & Co., Cotton Broker?,
^Jm ïea'M cL ean, New Orleans.
OF PH ILADEPH 1 A.
T O T A L ASSETS.........................$1,719,209
Edward H . Coates & C o .,
C O T T O N , S T O C K S , B O N D S , & « .,
35 WILLIAM 87 REST, NEW YORK.
_________ Orders In “ Futures" executed at N Y. Cotton Evch
Co r r e s p o n d e n t s :
S a f e t y I n s u r a n c e Co.
F IR E
A N D P R O V IS IO N S
at the NEW YORK PRODUCE EXCHANGE and
*ttÜ0 the CHICAGO BOARD OF TRADE.
Delaware M utual
MERCHANTS,
P H IL A D E L P H IA .
St r e e t ,
N ew Y o r k .
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our-corres
pondents m Liverpool: Messrs. L. Rosenheim A
gone and A. Stern A Co.; In London, Messrs. B.
Newgass A Co.
COMMISSION
G e o.H .M cF ad d en & B ro .
Montgomery, Ala.
B R O ’S,
(INCORPORATED 1868.)
Liberal advances made O“ 0®*$®“ f ^ S n t n a r . '
Knaria.1 attention given to the sale o f cotton to ar-
L e h m a n , Du r r & Co.,
LEHM AN
%nsuxxuc&.
NORFOLK, VA.
York and Liverpool.
ORDERS EXECUTED IN
st e r n
N e w York.
Cotton Brokers & Commission Merchants
orlntranslt for both foreign and domestic mar
S T O C K S , P E T R O L E U M , rive
kets. Orders for Future Contracts executed In New
New Orleans, La.
M a n h a t ta n B u i l d i n g ,
AND
STREET,
NEW YORK.
Leh m an ,
40 and 42 W a ll Street,
BROOKLYN,
Office, 195 Broadway, New York City.
Statement o f Company 1st D ay o f
CASH C A P IT A L ............. ••••-•........... *«’266 8801»
Reserve for unearned premiums.........
M
Reserve for unpaid losses......................
557 080 I*
Net surplus... ..............................................—
Cash assets..................- ....................r$5,883,171 M
S T E P H E N C R O W E L L ,I P r e e ld « « » *
WM. R. CROWBILL, Vice-President.
PHILANDER SHAW, SecretaryGKO. H. FISKE, Assistant Secretary.
FRANCIS P. BURKE, Seo’y Local Dept.
Æ TN A
T H E F IR S T E ST A B L IS H E D IN T H E W O R L D .
Insurance Company
O F F E R S B N E ^ IJ A L L E I) S E C U R IT Y .
OF
HARTFORD.
.
R E N T S SAFES I V IT S B U R G L A R -P R O O F V A U L T S
RECEIVES
THE
OFFICES
SILVERWARE
HAVE
BEEN
ON DEPOSIT.
NEWLY
FURNISHED
*4.000,000 00
Liabilities for unpaid losses
and re-lnsuranoe fund...........
Net Surplus................................
, -.a 6181®
2
37
3 ,4 5 0 ^
A ssets J a n . 1 , 1 8 8 7 . — $ 9 , 5 6 8 ,8 3 9 i
WITH
No. 68 W all Street, Mew ï ° rli'
J A » . A . A L E X A N D E R . A g«n ^
EVERY
IMPROVEMENT
AND
SECURITY.
1 4 0 , 14.2 and 1 4 6 Broadway.
F R A N C IS M . J E N C K S ,
P re s id e n t.
G E O R G E H . VOSE.
S ec re ta ry ,
C o m m e r c ia l
U n io ^
A ssu r an ce Co., lim ited
OF LONDON,
Office, Cor. Pine é William Sts., New York-
@FedFRASER