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HUNT'S MERCHANTS' MAGAZINE,
SBPRESENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
(Entered aooordlOK to Act of Congrress, 1q the year 1891, by
YOL.
Wm.
B.
DiHk A Co., la
the office of the Librarian of Congress, Washington, D. 0.]
SATURDAY, AUGUST
53.
1.
NO.
1891.
week of 1890 we find that
a loss at New York of 15-6 per cent and that in the
whole country the decline is 10-3 per cent, the falling off
outside of New York being 3'6 per cent. The most notable
gains this week are at Galveston, 177 9 per cent Syracuse,
41-9; Los Angeles, 41-4; Norfolk, 33-1, and LDwell, 23 per
cent. On the other hand there are heavy losses
at Fort
Worth, 48-8 per cent ; Dallas, 46-6
Chattanooga, 39-2
Wichita, 35-2, and Milwaukee, 33-5 per cent.
Contrasted
with the week of 1889 the current total records a falling off of
about 6 per cent.
Instituting comparison with the
%\xt (^hvomclz.
there
Terms of Subscription— Payable In Advance;
is
:
$10 20
For One Year (IncludlnK postage)
Kit six Mdiiths
6 10
11 50
do.
Eiini|Maii Stiiisorlptlon (Including postage)
;
do.
do.
£1 9a.
do.
Six Moa.
These prices Include the Intestors' Supplement, of 150 paffes
Isined every oUicr month, on the last Saturdays of Jan., March, May,
July, Sept. and Nov., and furnished without extra charge to all
sulisorilioi-s of the Chronicle.
A Hie cover is furnished at 50 cents; postage on the same Is 18
cents. Volumes bound for subscribers at $1 00.
Subscriptiiius will bo coutinued uutildoflnitely ordered stopped. The
pobllshera I'aiinot be responsible for remittances unless made by drafts
or Post Ollice money orders.
Terms of Advertislnff—(Per Inch
9 3 50
(1
(8
times).. 11 00
"
).. 18 00
I
|
We4k BfuMng Julu
1891.
Six Months
Twelve Months
{Stoekt
(13 times).. $25 00
"
(26
).. 40 00
(52 "
).. 60 00
587,762,310
— 16-6
(51)fl.371)
(55».nOO)
iU.ivi.irii)
(IBU.UOO)
(637.603)
(aj»,500)
—8*4
(+133 2)
l+m-U;
bu'hels.
M>''.
Itoston
I'rorldeDOa....
Smith, 1 Drapers' Oardens, E, C, will take sub- Hartford
New Haven.*,
•oriptlons and advertisemente, and supply single copies of the paper at Sprlngfleld....
Messrs.
It.
Edwabds
<b
each.
jfS"K o
Fi.^vn
JOHN
o. FLOYD.
^
1®» William Street, NEW
p
Office Box 938
I
Woroester
Portland
Lowell
YOUK.
New
WMk
1891.
•w Tork..
Ending Aujust
(492,639,533
73,505.876
49,127,137
11,132,463
K«w Orleans
Beren oltlea, s days
Other oltles, S days
$616,880,706
127,419,218
»710,836,94:J
186,310,413
-12-8
•717,299,924
$165,911,113
«8:j6,'<56,355
-10-7
Baltimore
OUoaco
8t.Loiils
Total all olUes, S days..
AUolUM, Iday
,
Total alloiUM tor week...
$913,211,037
-8
-ISO
6
1.781,212
l.lHt.381
l,22i,il3
+2-2-9
-10
•H)-a
l,l» 1.551
+9-S
+6-0
+3S-6
94,160,664
103,6(6,634
65,897,350
-11-4
62.874.188
18,(>S4,471
l;),506.0»4
—102
7.715.517
+21-1.
14,124,-163
14,7i-i.il7
»,7«7,4.i«
—lit
l,7tftf. S4
1.501.102
+7-3
+41-9
931.019
Cleveland
74,211.790
I0,;UU,950
7.*J5,5»7
5.468.511
5.7H7,905
Colombu
S.59«.4i>0
2.t>63.H0a
Indianapolis...
8,llr.5
l,Wi2.5J9
Peoria
1,3«7,77:J
1,487..151
731,019
736,706
115,354,955
110,702,119
-2-5
San Francisco..
Portland
14,711,«18
16,753,389
-1-0 -8
1,33?.501
16.846,398
4,130,246
+2-6
Salt Lata City.
Seattle
1,55 \382
1.3«8.1M1»
l,05i>,81U
Taooma
-14-9
The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
m all cases e-stimaced, as we go to press Friday night. Below
»re our usual detailed figures for the previous week, that is
ooveruig the returns for the period ending with Saturday
noon July 25, with the comparative totals in 1890.
A further decline of one hundred and two millions of dollars is to be noted in the volume of
exchanges, the falling off
9,662,174
Minneapolis..
Paul
5,2la.rtU4
5.M2^.0t>>
4,2-'». <71*
8t.
Omaha
3.'>8;<,I41
Dearer
Dalath
4.7i«,rtU
I,H3l,54l
60(I.U9
1
7S0.835
Mnooln
Topeka
4.s^iaa
4'i,77l*
3l!l.3i6
64d.7cl
105,519,58;
l.Ulo.IiS'
l,«M.8l!4'
»li,3lS
New
"~-80
5.alit.U5
l,2il3.4 14
Wichita
t.U9.»77l
eis,.-ioa
i
ii»7.81u
Loals
-02
4.2U8.'M4'
4.704. tT»
BtoazClty..,.
Des Moines..
Total Other Western.
-M)»
Stl.',90l
22,044,810
82,3M.65I
ai.2-l4.59i
Orleans..
5.i'3>*,771
Loals TiUe....,
Memphis.,.*..
5.6)3.761
Klobniond.,,..
Gaivastoa.....
2.317,452
1,77».<«<
NaahTllle ....
Dallas
Kurt Worth..
1,SU.M47
l.UW.ISi
7f2.7as
S3 1.056
8%.ii9
Norfolk
Chattanooffa.
H» 1100
Birmlnaham..
478,53i
4«'t.lU
Lezlnirton....
llouaton*
1,130.416
,
Total Boathern
j
i
Total
all
48.6ll,6»7j
44,101.450
888.201.755
1
407,0»1.838l
Oatslde Mew Fork..
*Mot Inelndad lo totals.
990,18-2.079
42'J.3UK.;8V
+3-0
-15-4
-23-7
-51
106,781.2 >2
3»i,U77
7,849,590
735.0 ;6
6n6.632
+0-1
654.333
19,698,667
JoMph....
+23
SS-.SW
Kansas City..
St.
in this city
being sixty-nine millions. Although the aggregate sales at the New York Stock Exchange
are somewhat
greater than the previous week, the
speculation both here and
at Boston is not active.
...
Total Paolflc.
1^)-9
2^6,63:, 189
$1,073,437,544
Angeles
+13-
l,57a,>t30
80.024.000
12.^15.400
4,U5 1,313
6,6il,31U
6.;30.L44
lios
+82
68.361,357
14.401,551
107iTO2,083
St.
1_
2,I8U.'I23
63,16l<.010
+10-1
-Tt
Ol.SSO.RSO
6.421.300
754.358
4U1,11S
7P4,6«5
1-42-3)
—11
101.948,551
Total Middle Western
(
-rlTO
61)2,737
Qrand Rapids.
-15-9
(44,501,7751
Sl.OUO)
(-11-0)
1,480,414
912.5H0
Cinoinoatl
Milwaukee....
Detroit
(—35-4}
(—3-6)
1.835. I2rt
U82,662
Chicago
-16-7
(441,9751
91,053.541
6,0S5,MO0
l,2«2,So6
9:b.hii
ToUl Middle..
Per Cent.
$114,183,»12
67.603,877
41.751,595
10,951.295
63,668.000
17,276,400
4,646,227
nUMelphla
Kochester
WIlmlninoQ, Del..
Brracaie
f.Otnt
518.705,630
i,2vl3.u7
1.251,885
1,0SS.U82
1.0U4,205
S13,U3<
4Uu,UdS
1.11 -,a»3
14,4 i <,73 i
>i,»35,B8^
1,5«H,7!J3
Wasbtngton
1.
1890.
England..
Buffalo
The following table, made up by telegraph, etc*, indicates
tiiat the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Au^. 1, have
been $913,211,037 against $886,803,755 last week and $1,073,487,544 the corresponding week last year.
8I.07«.76e
4,»7»,4O0
S,147.S90
1,S;3.06U
189 L
(—671
(480.0JO)
I,08S.3;i8
Phlladvlpbla
Pittsburg
Bsltlmore
CLEARING HOUSE RETURNS.
OLKARIHaB.
New
(37,8H4..->75)
l.a)8,»su
Bedford..
Total
OmL
479,176,917
(Patrobum
London Aeents:
I
P.
balet.)
(Ootton
(Grain
irM* Brufa JxHy IB
25.
1890.
(hare*.!
New York
SalMo/—
space).
Three Months
;
:
6 75
Kiiropiaii Subscription Six Months (including postage).
£2 8s.
Annual Bubscdptlon lu London (iucludiug postage)
One time
One Month
Two Months
1,3B2.
1
+1-1
—106/
— V8|
I
4«,e06,610
868.818,16 9
-ai-«
-150
+0-6
+13-7
+8-5
—o-i
-19-1
+3-S
~5fl
;
THE CHRONICLE.
13R
[Vol. Lni.
are of per cent for sixty to ninety day endorsed bills
receivable, 6 to 6J for four months commission house
THE FINANCIAL SITUATION.
names, and 6^ to 7^ per cent for good single names
of
state
in
a
having from four to six months to run.
on
Wall Street affairs continue to move
condition,
By cable we learn of continued uneasiness at the
the
for
cause
almost semi-panic, with no real
favorpromise
European
monetary centers. Eumors of difficulties at
and
fact
material
and indeed with every
the
to
Berlin and Paris were afloat on Thursrelate
London,
which
those
except
ing confidence
silver day, though they seem to have had but very little
by
produced
currency
our
of
condition
wretched
The feeling of fear and uneasiness is so more substance than those afloat in New York. We
coinage.
a whisper respecting the strongest are assured that the situation in London is distinctly
house on the Street puts the markets in a quiver, better than it was a short time back, though of course
while a suspicion expressed as to the payment of a failures are possible, and almost probable, from time to
dividend not due for months yet, is sufficient to make time after a period of decline in prices so long con-
prevalent
that
The Bank of England has made a further gain
the prices of the property affected drop many points. tinued.
when
distrust
in
bullion
this week, the amount reported being £242,general
periods
of
recall
to
It is easy
the
much
in
were
000.
This
we are advised by special cable to us was
money
for
rates
and
values
stock
same position as now, but never an occasion like the due to imports wholly from Portugal and Australia
present
when
these features were prominent and yet of £324,000, to receipts from the interior of Grreat
and gross, were increasing, and Britain of £4,000 and to exports (wholly to Germany) of
railroad earnings, net
Discounts at London yesterday for sixty to
the country on the verge of realizing abundant har- £86,000.
demand
European
bank bills were reported at li@lf per cent
with
ninety
day
a
Tests of food products,
open market rate was 2f J per cent, while
fair
prices.
at
Paris
the
at
surpluses
awaiting the
In money the feature remains as heretofore. Indeed, at Berlin it was 3 per cent and at Frankfort 3J per
@
the market instead of growing less sensitive is growing cent.
Foreign exchange has been dull and inclined to be
increasingly sensitive, with a more rigid scrutiny of
names and collaterals on applications for time contracts, easier this week, but the fall has not been important,
and firmer rates for such loans. The disposition on and there appears to be a fair demand at concessions.
the part of lenders appears to be to obtain absolutely
good security and otherwise to ensure the re-payment
of the loan or else not to lend their
all.
A
money on time
at
natural result of this same feeling (to keep
funds within the owner's control) is seen in the flood
of offerings in the call loan branch of the market.
We notice also a disposition to accumulate reserve.
Five of the larger institutions last week reported a
surplus of $8,933,800, against $6,89i,000 held by the
same banks at the close of the previous week, and of these
five three reported $7,376,000; while all the banks last
week had a surplus of $19,710,325, against $18,489,675
Still another feature
for the week ending July 18th.
of a like character
is
the almost stagnant situation of
—scarcely
the commercial paper market
being done in
anything
is
it.
The net movement
tinued towards
New
interior points are
The supply
of
commercial
bills
against near futures of
good ; the amount, however, has not proved large enough to make any very
The only change
decided impression upon the market.
on Monday compared with Friday last wiis a reduction in the sight rate by the Bank of Montreal, Brown
Bros, maintaining 4 84| for long and 4 87 for short.
Baring, Magoun & Co. 4 85 for the former and
4 87^ for the latter, and the Bank of British North
America 4 85| for sixty day and 4 87^ for sight. On
the following day the Bank of North America reduced
long to 4 85 and short to 4 87, but on Wednesday it
advanced both rates half a cent again. On Thursday
Brown Bros, moved the long rate up to 4 85. On
Friday the Bank of Montreal advanced its sixty
day rate to 4 85^, the market closing dull and
steady at 4 85 to 4 85^ for long and 4 87 to 4 87}
breadstuffs exports has been
of currency this week has conYork, though the shipments to for
Rates for actual business were
short.
4 84^
to
The Sub-Treasury 4 S4i
getting large.
has, however, increased its balance while the gold
exports at the close of last week must also be deducted.
As a consequence the total reserves of the banks to be
for long, 4 86i to 4 86^ for short, 4 86 J to 4 S:
for cable transfers, 4 83^^ to 4 83 i- for prime and 4 8
1
4 83J for documentary commercial sterling.
situation continues very favorable, and
made public to-day are expected to show a loss. furnishes a strong contrast with the situation at this
We have already referred to the abundant supply of time a year ago. Then the condition of the growing
money on call; this and the light demand are indicated grains was going from bad to worse, and the outlook
by the fact that bankers' balances have loaned at 3 and daily getting more unsatisfactory. The wheat and
1 per cent, averaging only 1^ per cent, but renewals oats crops it was already known would be short, while
have been at 2^ per cent, while the minimum of banks as to corn only gloomy forebodings could be enterand trust companies is 3 to 4 per cent. Time con- tained which subsequent events demonstrated had
tracts,
per
stated
as
cent
is
the
above,
are
quotation
firmer
for
;
sixty
4^
to
to
5
ninety
days and 6 per cent is freely bid for four, five and six
montlis ; these rates are for good Stock Exchange collateral, amply margined and with good names ; for loans
on lower-grade security no quotations are given, and
when made
these contracts are at special rates.
For
commercial paper there is but light inquiry; neither the
banks of this city nor those at the East are buying
to
The crop
been but too well
the present year.
Note the
Not only have we
justified.
exceptionally large yield of
indications
yield
of
all
spring
point
to
wheat.
winter wheat,
difference
raised
an
but the
an equally exceptional
There has been rather
more rain than desired in certain sections, such as
North and South Dakota, but this modifies only in very
slight degree the previous good prospect, and on the
whole there are fewer complaints than for several years
In fact many correspondents report the condibanks are doing a very little, but none below 6 per tions perfect
Of course it will take two or three
cent, and mercantile borrowers are relying upon their weeks yet
before wheat will be fully matured in the
banks for whatever accommodation they require ; rates Northwest, in which
time some damage might be done,
Street paper
;
some few of the
institutions other than
past.
Adoust
1,
THE CHRONICLE
18«1.|
but thus fur certainly tlio crop has maintained the good
promise oiTored from the beginning. Altogether there
appears to be little question that we will raise a
" bumper " crop of wheat— the largest iu our history.
The oats yield will also be very much heavier than a
when
was very poor.
As
to corn, a large
year ago,
yield of which is so essential the present year, the
only drawback thus far has been a lack of warm
weather, and iu some localities an excess of moisture,
making the crop a week or two late. But under good,
forcing weather in August this would be quickly
nbauged, and in any event the main danger seems to
it
from the possibility of an early frost. Even as it is,
most satisfactory accounts-are being received from some
of the larger producing sections, the Secretary of the
Kansas Board of Agriculture being quoted as saying
that with two weeks more of favorable weather Kansas
would raise 250 million bushels of corn. Last season
the yield in Kansas was about 55 million bushels and
the season before 2-tO million bushels, the latter having
never previously been excelled.
137
records an increase of $206,188.
For the six mouths
ending June 30 gross earnings have fallen oil as muQ^
as $2,167,438, but the loss in net is only $373,96».
The failure of the corn crop is of course mainly
responsible for the decrease, as the contraction
is iathe
showing gains for
June the gain was $41,861 and for the six months
The New *York Lake Erie & Western for
$371,440.
the same month presents a very encouraging exhibit
indeed, there being an increase in both gross and net
earnings— $157,704 in the former and $136,139 in the
latter. The Canadian Pacific reports net of $601,813 for
—
freight earnings, passenger receipts
June, 1891, against $548,116 for June, 1890. For the
half year of 1891 the net is $731,148 better than for
the half year of 1890, the totals being $2,954,532,
against $3,223,374.
The Chesapeake & Ohio has a
noteworthy exhibit for the month, with net of $171,118, against only $61,016 for June, 1890. The Norfolk
& Western
for the
month
reports net of $234,157,
$231,057 ; the Mexican National, $86,586,
against $48,374
the Central of New Jersey $557,797,
against $551,744; the Northern Central $185,474,
against $149,336; the Baltimore & Potomac $37,203,
against $33,860, and the Jacksonville Tampa & Kay
West $16,484 net, against $9,420 deficit last year in the
same month. The roads reporting diminished net the
present year are few the Allegheny Valley $57,961,
against $81,254; the Staten Island Rapid Transit $47,854, against $57,246, and the Detroit Bay City &
Alpena $18,879, against $27,422. The Reading on
against
;
Auother satisfactory feature in the general outlook
is found iu the generally good reports of earnings
which are coming to hand. This relates not alone to
the returns of net earnings for June, the closing month
of the half-year, but also to the returns of gross earnings
In May and June our weekly
for the weeks of July.
compilations had shown only very small gains over a
year ago, and in some cases a loss. But with the fourth
week of June there came a change to very much
more favorable comparisons, and the improvement has the Railroad Company reports net of $902,917, against
been fully maintained since then. Thus while for the $954,484, and on the Coal & Iron Company $14,132,
cond week of June the increase on the roads included against $32,799.
The stock market got out of its apathy this week,
ui our statement was
only 1-55 per cent and
for the third week of June 2-37 per cent, for the and under quite considerable transactions there has
fourth week of June the increase reached 9 "15 per been a pretty general decline in prices.
There have
cent, for the first week of July it amounted to 9"39 per been no new developments affecting the intrinsic value
cent, for the second week to 8 "98 per cent and now for of share properties, and the general conditions as regards present and prospective earnings are very enthe third week it is 8 '65 per cent.
The returns of net earnings (for June) which have couraging. But there appears to be a loss of confibeen received this week have been nearly all favorable. dence in financial circles, and there is almost no public
The statement of the Atchison Topeka & Santa Fe is buying either here or in Europe. Tiiis has been the
an especially conspicuous illustration. The Atchison situation for some time, and as a consequence the marsystem itself shows a gain for the month in gross earn- ket has long dragged. But the present week operators
ngs as compared with last year of $322,652, and the for a decline have taken advantage of the state of things
-t. Louis & Sau Francisco system shows a gain of $116,to make a general raid on the market, and they haTO
In the net there been quite successful in their efforts. The method
842, making $-139,494 together.
is an increase of $282,360 on the Atchison and an in- has been to attack first one stock ami then another,
crease of Ii58,272 on the San Jfancisco, or $34i[),633 and in this way bring about general
demoralicombined, this latter being an improvement over a year zation. Burlington & Quincy, St. Paul, Rock Island,
ago of nearly 50 per cent. The results for the twelve Union Pacific, Northern Pacific, Gas Trust, Louismonths of the fiscal year are just as noteworthy. As ville & Nashville, and even the low-priced shares, have
well known, in the fiscal year ending June 30, 1890, all been made to feel the pressure, and have succumbed
:lie Atchison had increased its earnings, both gross and to it.
The circulation of rumors affecting the standing
net, in a most remarkable way.
Hence, with the crop of certain roads and firms have helped the downward
"riilure last season nearly every one looked for a con- movement.
Richmond Terminal was quite weak at
iderable falling off in the twelve months to June 30, one time, on all sorts of unfavorable rumors, hut has
1891.
But the loss in net is now found to be only latterly been steady. The collateral trust 53 and ^a
5163,424, or about 4f per cent, while the gross earn- shared in the general depression, and the same may be
ngs actually increased $2,659,359.
On the San Fran- said of some other issues of bonds more or less under
isco system net has fallen off $197,055 and gross has speculative infiuence, or as to whose soundness there is
increased 1564,410.
The two systems together show some doubt. Yesterday aftoruoon, when it appeared
gross of $12,097,432 for 1891, against $38,873,663 for that no gold would bo shipped this week and the Bur1890, and net of $12,543,723 against $13,204,202.
lington & Q.iincy announced its regular dividend, quite
The Burlington & Quincy also again presents a quite a rally iu prices ensued as tue result of the covoriug of
—
'
satisfactory statement.
The loss in gross earnings is
smaller than in any preceding month of the year,
reaching only $131,384, and this has been met by a
outstanding short contracts.
reduction of $337,572 in expenses, so
of currency
that
the net
The
following statotnout,
made up
fro'u returns col-
and shipmenia
aud gold by the Nerv 5fork banks.
lected by us, shows the week's receipts
i
.
THE CHRONICLE.
138
Wtele
Xndint JrUv
SI, 18B1.
Onmncy
Bold
Total gold mdltnal tecflera-
With
the
Net Interior
Shivvtdbv
BtcHvedby
If.Y. Sankt. N. T. Banks.
$2,961,000
400,000
$2,A 99,000 Oaln.
600,000 Loss.
$;{62,000
$3,361,000
$3.099,000 Gain.
$262.000
Sub-Treasury operations and
exports the result
Week Bnding JuJv
is
100,000
the
as above
Bmb-Tnas. oper. and gold exports.
Into
Out of
Net Change in
Bankt.
Sank Boldingt.
$3,099,000 Gain. $262,000
16,200,000 Loss, 3,000,000
$19,299,000 Lo»8.$2.738.000
Total gold and legal tendera -l$16,561,000
The following table indicates the amount of bullion
and at the
in the principal European banks this week,
corresponding date last year.
July
July
SO, 1S91.
31, 1890.
Bank of
Gold.
Silver.
Oold.
TotdL
87,246.033
61.858.000 50.672.000 105.228.000
30.604,000 15,302.000 45.906.000
5.472,000 18.686.000 22,058.000
1.40J.000 5.789.000 10.172.000
4.348.000
2,898,«67 1.449.333
Netherlands..
Hat.B')glnm*
saver.
TottU.
£
£
20,912.259
20.912,259
£
£
27,21«,033
Bngland
France
eerman^*. •
Anat.-Hun'y.
62.633,000 60.635.000 103.208.0U0
27 ,952,«67 13.976.333 41.929.0)0
4,884,000 18,558,000 21.137,000
6,113,000
5,448,000
10.559.000
2,783.000
1,393.000
4,178.000
88,003,333,202.283,259
Tot.thl8 week 125.279.700 89,878.333 214,958,033 114,279,926
203,341?, 110
Tot, prev, w'lt li::4.592,232 89.421.90 IH14,014,132 115.286.413 88.079.687
• The division (between gold and silver) given in our table of coin and
bnlUon In the Bank ol Germany and tlie Bank of Belgium is made from
the best eatimat-- we are able to obtain; in neither case is it olaliueil to
their weekly returns,
l)e accurate, as those banks make no distinction in
merely reporting the total gold and silver, but we believe the division
fre make is a close approximation.
'gold
We
imports and our
DANGER.
if
the need occurred.
Now
people
BankM.
$3,361,000
13,300,000
not only letting out a considerable portion of the stock
it had collected, but even declaring that the traditional
100 millions was not inviolable, but should go out also
gold
as follows.
31, 1881.
BuAh' Interior movement,
i£oveinent.
currency
[Vol. LI II.
contrast this recklessness and indifference of
and Government with the action in France
also
but where, to
stopped at the
first
the bullion.
public
have a
silver
appearance of depreciation
in
that act though, did not in the
sufficiently fortify the country's
Even
estimation
The Bank
bimetallic currency.
of
France used to
In
carry only a comparatively small gold reserve.
minimum
and
its
£27,'600,000
was
1873 its maximum
The Bank's yearly average
was £22,400,000.
has never been so low since that date ; most of the
years following 1873 down to the present time the
maximum has reached over 50 millions sterling and the
minimum has generally been 40 millions or higher.
On January 1, 1891, the Bank held £45,040,000 gold,
having temporarily loaned the Bank of England three
On Thursday
millions sterling.
ings of gold by the
Bank
of
while the purpose and effort
as
unchanged and
of this week the holdPrance were £54,656,000,
for a further increase was
fixed as ever.
Such is the
situation in
France, and France only illustrates the general animus
and endeavor of every government and bank in
Europe
so that
no one of them willingly
we must make our forecast
;
lets its
as
hoard out,
to gold imports
on the assumption that whatever gold comes will
have been asked for our views respecting a return have to come in spite of premiums charged and high
movement
of gold this fall.
The
net exports of gold
rates of interest artificially established
at the
leading
from the 1st of January to the 30th of June have been foreign monetary centres.
Here, some readers will at once claim, are the very
in July an additional net amount was
$67,155,140
sent out from New York of $4,672,899, so that the conditions for the speedy action of what is called the
country has lost nearly 72 million dollars of this metal Gresham law, and that consequently we will receive no
We cannot commend the way in which
It is not surprising under such circumstances gold this year.
in 1891.
that the question of a return movement should engage that law is constantly brought into these discussions or
At the same time it is obvious that approve of the usual assumption as to its method of
general attention.
People generally speak of it as if they believed
the inquiry raised cannot be answered categorically. working.
upon
conditions not alone of it a kind of subtile nexus extending from the gold in
An import of gold depends
trade but also of money and of the money market, and America to the gold in Europe which, at the proper time,
likewise in some measure upon the strength or weakness would operate to transfer the metal by occult influences
of the European and American preference for gold. As and in a stealthy, hidden manner from American injusThe truth is, the
these conditions are in many particulars uncertain as yet, tice to European impartiality.
the answer referred to must necessarily be uncertain. It Gresham law and every other law acts through natural
cannot help being useful, however, to bring together channels by ordinary means; for gold will never leave us
the facts and features which control the problem, and against our will, except when the conditions of our trade
from them we may perhaps gain an inkling at least of warrant it. No doubt our undervaluation of that metal
the probabilities.
will, so long as the policy now pursued is continued, have
One conclusion the experience had during the last its natural influence it has had its influence during
six months has put beyond controversy, and that is that the past year and during previous years on public confiEurope will send us as little gold as she can, and will dence at home and abroad, on the prices of commodsend us none if she can get us to take anything else in ities in the United States, on our money market and on
This is an important consideration, and trade, and has thereby controlled and shaped our forits stead.
must to an extent moderate the public expectation as eign balance so as to occasion the outflow of gold we
to the probable amount of gold we are likely to obtain. have suffered; and furthermore, the action of the same
For we cannot fail to remember, in connection with law has from year to year been arrested or modified,
Europe's need and preference, the overvaluation of and is always liable to be arrested and modified, by consilver the United States has established, not only mak- ditions which when they occur invariably tend to pro;
;
ing the silver dollar a legal tender equally with the gold duce an inflow of gold. Hence while we are surelj
dollar, but making the 1890 silver certificates legal tender nearing a silver basis for our currency, the approach is
Consequently under these laws we are supplying being made more or less intermittently under the natural
also.
all the needs which commerce has for gold with a sub- action of changing commercial and financial conditions,
stitute which our edict makes for the time being equal and no Gresham law is going to plunge us into that
to gold, and which performs all its uses in our domestic state without our being able to trace the method oJj
-exchanges.
Furthermore, within the last six months the descent.
the Treasury Department has reversed its policy with
It is to our future foreign trade balance, and to tht,
r« pect to the gold
it
has been carrying and keeping.
,
and gold currency,
protect silver coinage values, coinage was
where the people
gold eflBux which that balance
may
induce, that w?
j
AoarsT
—
THE CHRONICLE
1891.]
1,
at tlio present time look for a
must
so evidently sotting towards
uow
cheek
uow stand a considerable portion
which we shall obtain from
decided wheat the coming twelve months will be lost in cotton.
the drift
in
we look
If
silver.
in
see conditions of
alone to the anticipated
refer
do not
l>romise.
There baa been a
produce.
of
increase in the exports
chiefly
by this lack of
caused
trade,
in
severe reaction
wo
direction
that
shall
•
189
We
Besides, as matters
of the gain
According
in exports
Bureau of
to the
cotton during the last
Statistics, the exports of
year were about 5,830,000
bales. Consequently a decline of ten dollars a bale (which
fiscal
confidence with reference to our currency— a lack of is less than the comparative prices in July this year and
onfidence to be sure of long standing, but which now last year warrant us to estimate the loss) would require a
has been further aroused by the large exports deduction on that one item from the current year's ex-
and
gold,
of
is
beginning
just
have
to
The
its
reasons
to
at the slightest
nearing the danger line.
Baising the rate of discount by the Bank of England
keeping it there, could
figure, and
to a high
not more effectually curb speculation and restrict
trade in Great Britain than, under the depressing
peculiarly depressed
becomes
ness
that
we
are
a vague and irresistible fear, similar
produced to-day in the United States. We
must not, however, be understood as believing, for we
do not believe, our currency is at all likely to change
influence
of
results are
«
•:•.
incline to the opinion that the
traction in our imports sufficiently substantial.
effect
indication
'I
We
tivity
upon our imports.
would have less influence were we
Our foreign conHiding on American capital alone.
that
a change in
extensive
and
so
close
are
so
loctions
our standard of values could not occur without a revolution in all our monetary relations, and hence all businatural
referred
it
ports of $58,000,000.
growing cotton crop will not turn out to be as large as ia
consenow anticipated, and that prices of to-day
Bat the cotquently later on recover to some extent.
ton-manufacturing industry at home and abroad does
not look nearly as promising at present as it did a year
ago, so that it is somewhat hazardous to speak with
any certainty with reference to the market for the raw
Of one fact there can be no doubt, and that
material.
is that we shall lose on cotton quite a portion of the
But includgain in exports we shall secure on wheat.
ought to
shipments
items
the
breadstuffs
ing all the
show a considerable increase, and hence we are justified in saying, judging from the present outlook, that
our exports of merchandise will in 1891-9 i net a materially larger aggregate than that of 1890-91.
There is still another important consideration, which
is whether the European demand for our securities
may be expected to revive. In years past there has
solicitude
wU
emergency for industrial inacand depression will continue (unless the fear is
sooner relieved by a large return of gold) until it has been a constant absorption of American properties in
affected prices to such an extent as to make the con- Great Britain and on the Continent; but for several
silver in the present
!t
;
During coming months we
shall also
have contribut-
ing to the decline in imports the excessive entries of
made
last
year
The
trade figures for the fiscal year have been pub-
in anticipation of
tariff
restrictions.
entirely,
outflow has this
that natural
and
it is
year stopped
popularly believed that America has
taken back more securities than it has marketed. The
more prominent reasons for the cessation in the demand
have been the disturbed condition of financial affairs
by the Bureau of Statistics this week, and an in Europe; the rate cuttings and contests between the
article on that subject will be found in a subsequent railroads the first half of the year, added' to the
column. Our readers are very likely not aware to what hostility shown by some of the Western legislatures
large totals our merchandise imports have attained. In towards the roads; the poor crops last summer,
the fiscal year ending with June 30, 1891, they were which gave a promise of a loss in earnings and
1844,905,491, or over 55^ millions larger than in the smaller dividends
and, finally, a growing loss
lished
;
previous year (1889-90) and within a
trifle
of 100 mil-
of
confidence in the stability of
gold values here.
than they were two years ago (1888-89) and Certainly in some particulars the situation appears
209| million dollars larger than they were in 1886-86. to be much more favorable than in the summer of
This is a marvelous progress for the five years, but for 1890, especially as to those matters which relate to the
the last two years the additions have been really won- income of railroad properties.
Our carrying industry
derful, and can only be explained on the assumption ought to profit by the large crops, especially as rates
of anticipatory purchases.
But apparently the turn in are better maintained, and the returns of earnings comthe tide has already come.
The total in June, 1891, ing in, net as well as gross, indicate that they are prowas two million dollars smaller than in June, 1800, fiting. But it would be unreasonable to look for any
and the import figures at New York for every week sudden and radical change in the action of foreign in
iuce June 30 have shown a decrease, aggregating
7i vestors ; the course of events is now in the line of an
lions larger
millions to last Saturday.
must go on
will and improved demand, but when improvement in the
must go on
foreign demand comes it must be gradual and be based
materially changed and con- upon the same conditions that will restore confidence
This contraction
— perhaps irregularly, but
until our trade balance
is
it
fidence in the future of
is
France,
many
it
values hers
seems, requires (besides its
active circulation) an
available stock
millions sterling of gold to steady
French people.
The United
because of the added fact
silver
fully restored.
in sight of 54^
question,
the nerves of the
continued coinage of
—and consequently are in greater need.
We
assume
as inevitable, therefore, that there will
be a substantial decrease in imports this year.
It is
hardly necessary to say that this is a very weighty fact
I
'
home.
Aside,
States are in greater peril
—the
at
millions in
from
however,
this
foreign
investment
appears from what has been said that a substantial basis for a considerable gold import during the
fall and winter months must result from our foreign
it
trade movement.
We
money market which
gold.
look also for a state of the
will help to
Of course the gold
induce shipments of
will not flow this
way
freely,
shipments of that metal to America will be resisted; but whatever impediments are interposed will
in relation to the inquiry we have sought to throw light be met and overcome, for the need is great and
upon. The export of a few millions more of produce the dull, despondent character of our trade will not
would be of little moment if we were about to add to be cured until it gets relief in the way we have
or even equal last year's large purchases abroad. indicated.
for the
THE CHEONICLR
140
ENGLISH CEITICISM OF AMERICAN
RAILROAD MANAGEMENT.
"xhe
failure of the
Denver &
owners, and there
ment
may
be a grain of truth in the state-
not because of any intention on
the part of the managements to secure bad results but
Rio Grande Railroad simply because of errors in judgment. We are inclined
dividend on its preferred stock in
the late half-year, and the announcement that the
directors as a consequence had determined to omit the
payment which in the ordinary course would have been
Company
rvoL. Lin,
to earn a
;
but
if
so
it
is
from the knowledge we possess, that in charand integrity American railroad management is
not inferior to that of Great Britain, and the peer of
any in the world. Criticisms in the English papers arc
founded on the notion that if United States railroads
could only have had British management instead of
American that is, if Englishmen instead of Americans had been in control the results would have been
But there are roads both in the United
quite different.
States and Canada, and also in Mexico, entirely under
English control and management. Have these fared a
whit better than those managed from this side ? Is it
not a fact that they have fared just as badly as the
to think,
acter
due the present month, have been made the occasion
by the English press and public for some very severe
criticisms upon United States railroads in general.
American railroad management and American railroad
methods are unsparingly denounced. Reflections upon
the character and honesty of those managing our railroads have been by no means uncommon before, but
the feeling which has latterly developed is very bitter
and very hostile. We are told by those who have
recently been in Europe, and thus have had an oppor- others ?
tunity to judge of the prevailing temper, that the EngIt would seem, therefore, that we must look outside
lish public appear to be more aggrieved about the of American railroad methods and management for the
result of their investments in American "rails" than causes of the unsatisfactory results attending railroad
—
—
at the utter collapse of Argentines, with the attending
operations in recent years.
And
great losses to holders of the same.
find these causes.
At the
outset
it
is
not
difficult
to
we may be permitted
Of course it is to be regretted that our railroads to remark that in showing diminished profits the railshould be under the necessity of reducing or suspend- road industry is not unlike other industries, for it is
ing dividends, thus diminishing the income of those within the knowledge of every business man that profits
holding their shares or cutting that income off alto- are no longer what they used to be that the margin
—
We
can appreciate what it means to be placed has been very much narrowed, and that the producer
in such a position, and the disappointment and vexa- and manufacturer must be content with this or go on*
tion sure to result.
We think, too, that our railroad of business. But in the railroad industry there han
gether.
managers share
in this feeling of
regret,
and
sincerely
wish that a different and more satisfactory record could
be presented. The experience of European investors
been
many
special depressing influences.
among
many un-
Chief
these has been the construction of a great
necessary competing roads.
There is hardly a section
no of the country where this has not occurred, either on
manner different from that of our own investors, and large scale or a small scale. We built duplicate ami
yet it has been rather unfortunate in both instances. triplicate lines and extensions where a single line woulu
Looking back over a series of years, we find on the have sufficed to do the business. The result has been to
whole a considerable depreciation in the market value engender a most intense rivalry, under which rates have
of such investments, and at the same time a greatly dropped very low and the traffic has had to be divided
reduced rate of return, owing to lower dividends or no up among an increased number of roads.
in
American
railroads has been in no degree
and
in
:i
J
'
'
dividends at
This is not only unfortunate, as said,
Our friends on the other side now see that it was
but it is a situation no more to the liking of the public unwise to build these new competing lines, but they
on this side than it is to that on the other side. We thought differently a few years ago when they actively
would all of us be very much batter pleased if it could encouraged undertakings of this sort, much of the
be otherwise.
money necessary to construct the new mileage being
In the disappointment begotten by these circum- supplied by Europe. Some of the new lines indeed
stances we find the reason for the complaints and ex- were built entirely with English
capital, and it is no
pressions of dissatisfaction coming from English inves- exaggeration to say that
except for the aid secured in
tors in our railroads, and it is perhaps natural that such
this way these projects could not have been carried out,
investors, not understanding the real cause, should ha
since it would have been impossible to secure financial
inclined to charge the whole trouble upon defects or
support for them in the United States. Of course,
something worse in American railroad management. European investors simply
committed an error of
But how
,j
all.
all, can this be accepted as
the judgment in this matter, but it is an error of judgAdmitting that there is room for ment from which have sprung a large part of the ills
improvement in some respects, as there always is and and tribulations that
have attended railroad operalways will be, the administration of our railroads
ations since then.
And the roads which did not
must yet be regarded as being of a very high order. engage in the work
of building new lines and extenSpeaking broadly, it could never be truthfully affirmed
sions
and hence had no part in bringing about the
that United States railroads were not honestly, wisely
demoralization which subsequently ensued suffered
and efficiently managed.
Positive dishonesty there with the rest, for they
too had to share their traffic
has been none. A speculative element has existed
in with the new-comers and at the same time accept
the directorates and management of certain companies
reduced compensation for the part retained.
but this has been well known to both the European
In addition to this main source of trouble, however,
and the American investing public, and hence parties
arising from the construction of unnecessary new milebuying the securities of such companies have done
so age, there have been other influences of an adverse
with a full understanding of the facts.
nature operating in the same direction.
The enactment
We know it is sometimes charged not alone in of the Inter-State Commerce law for instance, with its
Europe but in this country as well— that United States
long-and-short-haul clause
and other requirements,
railroads are not operated in the best interests of
their worked a complete change in railroad methods, and
far, if
true explanation
at
?
—
—
—
'l
AcauBT
1.
THE CHftONlCLE.
1891.1
141
caused a great deal of miechief, the effects of which very heavily. Thus there was a loss in the net for
continue up to the present time. The prohibition of January of 130,142, a loss in February of $35,610, »
pools also increased the difficulty of establishing and loss in March of tl05,784, a loss in April of I40,00|6
maintaining rates, which, as we have seen, fell into a state and a loss in May of 190,597, making a total loss for
of great demoralization.
on the part of
legislation
Then
many
there has been hostile
of the States, besides
and labor difliculties of various kinds, and a pretty
general advance in the cost of labor and in the salaries
Furthermore, there have been
of railroad officials.
strilies
partial or complete crop failures in several recent years.
Last year, for instance, the grain harvest was very
Later came the financial disturbances here and
abroad, unsettling confidence and checking mercantile
poor.
activity
and enterprise.
has been very quiet since.
Business as a consequence
In the iron trade a period
unprecedented depression developed. But
and conditions not within
the control of railroad managers, and hence the latter
cannot fairly bo blamed for the unsatisfactory outcome.
We have spoken in this general way because in view
of the hostile criticisms made in Great Britain on
American railroad management it seems essential that
our English friends should be enlightened as to the
of almost
these are circumstances
all
true reasons for the falling off in income and dividends
in recent years.
The Denver & Eio Grande, however,
furnishes a specific instance of alleged grievance, and
as
it is
cited as a typical illustration going to
character of American railroad
it will
and
see
management
show the
in general,
be desirable to examine into that case a little,
whether the complaints made are well founded.
The London Economist
months of $298,139, while for June it is estimated there was a further loss of 174,000.
In this falling off in net income augmented expenses
have played a prominent part, though in the later
months there has been a loss, too, from diminished grosa
The company has been operating a larger
receipts.
which has increased the total of exmileage,
penses, and at the same time depression in the
mining industries of Colorado has prevented a gain in
the five
receipts
gross
and the
in
Colorado
mileage.
rise
in
proportion
is
the
to
increase
in
a large silver producing State,
the price
stimu-
of silver last year
that
industry, and this in turn stimulated other
industries.
This year, with the drop in the price of
lated
and the general depression of business in
States, there has naturally been somewhat
United
the
Besides most of the silver ore produced
of a reaction.
silver
at Leadville
is
now smelted
there instead of being
In the first five months of
1890 the net of the Denver rose from $967,873 to $1,206,319 now it has dropped back to $908,180. That some
common depressing influence has been at work is evident from the returns of other roads running wholly
The best illustrations we
or partly through Colorado.
can use for comparison with the Denver are the Union
Pacific Denver & Gulf in the Union Pacific system and
The
the Colorado Midland in the Atchison system.
earnings
each
of
the
three
gives
the
net
of
following
taken to Pueblo and Denver.
;
especially
of July 18th is
on the management of the company. In an article entitled " Denver Preferred An roads in the five months to May 31, 1891, as contrasted
Object Lesson," it begins with the remark that " from with the five months of 1890.
"any point of view the recent action of the directors
KET aASmKOg JANUAKT 1 TO MAY 31.
Decrecue.
1891.
1890.
**of the Denver & Eio Grande Railroad Company ap&
p fji
Si
** pears to deserve the
298,139 24-71
908,180 1,206,319
condemnation passed upon it by Denver Rio Grande
228,755 37-98
602,322
Union Paclflo Denver & GiOf.... 373,567
"the preferred shareholders." It then goes on to say Colorado Midland
9-21
211,414
232,864
21,450
that " the most unpleasant feature of the whole affair
Rio
diminished
net
the
Denver
&
in
reporting
Thus
severe in
its
strictures
—
ffi
(fe
** is
"**
the fact that the cessation of dividends exactly
coincides with the termination of the special voting
" powers
of the preferred shareholders (mainly resident
"in Great
Britain),
and with the re-endowment
of the
" ordinary shareholders, who are, wo imagine, mostly
"American citizens, with their former voting privi" leges.. Superficially indeed it looks as if the Ameri"can directors had taken the first opportunity of
Grande stands by no means alone, for while
$298,139, or 24'71 per cent, the
&
Union
it
Pacific
has lost
Denver
Gulf, which
has lost
comprises a large mileage in Colorado,
$228,755, or 37-98 per cent. Even the Colo-
rado Midland, which a year ago was
but now
is
in the Atchison system
still
independent,
all the
and hence gets
which the Atchison can send over it, shows a
We have taken the results for the
"sacrificing the interests of the British shareholders." five
months to make the period uniform with that in
After making a comparison between our preferred
the other cases ; for June the Midland reports net of
shares and " Home" preference shares, it winds up with
only $32,390 this year, against $65,177 last year.
the statement that " the difference is in the manageWith the falling off in income the Denver has also
"ment, and unfortunately the management of Ameri- had increased charges to meet on account of the new
" can railways cannot be improved by any exceptional mileage built and the outlays incurred in laying a third
" measures, but must be left to what is a work of time— rail and
making other improvements to provide for the
" the development of a higher standard of business
new standard gauge through route to the Pacific in
" morality."
which the Denver forms a link. As a consequence the
In our article on the Financial Situation last week
accounts for the fiscal year ending June 30 last show
we gave the reasons for the failure of the Denver to
bnt a small balance remaining on the operations of the
pay the August dividend. To aid in making an analytwelve months after allowing for fixed charges and
sis it will be desirable to go in part
over the same the February dividend. Here is the company's stateground again. The necessity for the suspension is of
traffic
small loss in net.
ment.
course to be deplored, and shareholders in being
Actual )?ros8 earnings 11 raontlis ending May
deprived of their expected income are entitled to Estimated groaii earnings for June
mu^h sympathy.
But the truth
is,
the dividend had
to be omitted because earnings did not justify its pay-
ment.
The dividend
of 2^ per cent paid last Febru-
ary was based on the income for the six months
ending
December 31, 1890. In the six months from January
to June, 1891, however, earnings
have been falling off
Total
Expenses (June estimated)
-
31, 1891..
$8,139,7!il
693,000
$8,829,761
5,528,113
Estlmiited net for year ended June 30, 1891
$3,301,636
Interest on bonds
$1,944,805
Dividends p.iid
591,2.50
Taxes and insurance
360.000
Betterment account
240,000
150,000— 3.286,065
Other charges against Income, etc
Estimated surplus.
$16,5«L
THE CHRONICLE.
142
[Vol. Lin.
out VALUE OP IMPORTS ASD EXPORTS OF MKBCHASDUE FROM 1871 TO
Clearly on this showing a further dividend was
1391 INCLnSIVE.
1240,000
allowed
has
company
The
question.
of the
necesMercharvlise.
for betterments, but, as stated last week, this was
Excess of Exports Total Imports
or Imports,
and Exports,
and moreover is no larger than the allowance in
sary,
intimates that the dividend might have been paid out of past surplus, but
and
this surplus does not exist in the shape of cash,
out
distributed
already
furthermore the company has
considered
it
was
that
all
of the earnings of past years
other years.
prudent
The Economist
Imp. 77.4f 3,506
Imp. 182,417,491
Imp. 119,866,288
Exp. 1P,870,89»
it
is
obvious that the inability to
pay the Denver dividend does not arise from any defect
in American railroad management nor from the absence
"of a higher standard of business morality." As to
the intimation that there is a connection between the
omission of the dividend and the termination of the
special voting powers of the preferred shares, and that
the American directors took the first opportunity of
sacrificing British interests, that
1,153,689,388
Imp. 19,682.725
1,046.448,147
Jmp.380,,163,312
5,308,570,186
Imp.
76,,032,662
1,079,714,086
Exp.
79,,613,461
1.001,125.861
Bip.151,,152.094
1,053,798,346
Exp. 25T,,814,231
Exp. 264,,661,866
Exp. 167,.683,912
1,131,917,298
ground the moment
it is
charge of course
falls
demonstrated that there
835,436,138
692,319,76»
;!J3,»57,114
745,181,658
intimation in this instance has not even an air of plausibility, for the amount of the preferred stock is so large
789,310,400
would think of
tagonizing,
still less
deliberately or unnecessarily an-
"sacrificing," the interests repre-
Exp. 920,,956,387
8,846,652.1S»
JBlp.lSl,,191,077
1,189,330,485
Ej:p. 259,712,718
1,545,041,074
1,475,181,831
844,9CS,491
A little
Among
'
1,547,020,316
1,40»,211,30S
1,319,717,081
Ba;p. 623,752,231
7.295,178,607
Exp. 184,750,446
1,459,0S4.S08
Exp.
Exp.
Imp.
Imp.
Exp.
44, 088,894
l,S14,«60,l)66
23, 863,443
1,408,502,079
28,,002,807
1,418,911,681
2, 730,277
1,487,533,087
66, 61f,275
1,847,139,09»
Exp.\m
3,686,155,079
717,231,018
($23,650,000) and it constitutes so considerable a portion of the total capital (23f millions out of 61f millions) that no management desirous of continuing in
1,166,217,816
1.503,593,404
Exp. 25,902.883
Exp. 100,658,488
Exp. 72,815,916
Exp. 164,662,426
are perfectly natural causes to explain the decline in
income. But we may be permitted to suggest that the
oflBce
1,164,616,138
to distribute.
Altogether, then,
to the
9fl3.04»,8e«
1,070,772.668
737,528
7.278,047,686
Exp. 21 ,147,BIj5
1,45B,80»,637
Exp. 39,519.914
1.729,330,896
study reveals some other noteworthy features.
may be enumerated (1) a further large
these
increase in merchandise imports
after
heavy and con-
tinuous additions in the five years preceding, making
the total very decidedly the largest on record
(2)
sented by such shares.
;
merchandise exports falling only 18 million dollars
FEATURES OF THE LATE YEAR'S
short of the extraordinary total of 1881
(3) cotton
FOREIQN TRADE.
shipments in quantity and value far ahead of those of
The late fiscal year (ending June 30) was a most any previous year ; (4) petroleum exports also the
notable one in our foreign commerce, and the statement largest in our history; (5) gold shipments of such mag;
and
of the results for that period issued this
nitude, both gross
Bureau
records a greater outflow
of Statistics at
week by the
Washington furnishes evidence
There are several very striking characteristics in the record for the year, and in more ways than
one the exhibit for the twelve months reveals interesting and exceptional features.
Perhaps the first feature to attract notice is that to
which the Bureau directs attention, namely the very
large aggregate of the merchandise exports and imports.
Never before has the total trade reached such
proportions, the value of the exports and imports combined amounting to over 1,729 million dollars, as
of the fact.
against 1,647 millions in
1,487
millions
in
the
the
year
preceding,
fiscal
year
1889
and
only
but
net, that
;
only one other year
(6) silver exports the small-
about a decade.
As regards the large merchandise imports, it was
supposed that the movement would fall off as a result
But so far
of the enactment of the new tariff law.
have
imports
the
from this expectation being realized
est in
been heavier than ever.
It is
proper to add, however,
that in some cases the higher duties imposed by the
new law did not go into effect till near or »fter the
close of
the
fiscal
year,
and that in such instances
and lower rates
especially large importations at the old
were made in anticipation of the change. The aggrelate year is roughly
gate value of the imports for the
last five years
in 1886.
That is to say, during the
the value of our merchandise exports
and imports has risen over 414 million dollars. Even
845 million dollars, which compares with 789 millions
in 1890, 745 millions in 1889, and diminishing amounts
for all the years preceding back to 1885, when the total
the years from 1880 to 1883, which up to 1890 had the
banner record, in no case showed a higher aggregate
than 1,547 millions, as against the 1,729 millions now
reported for 1891.
If we take the average for five-
was 577 millions. It is too early yet to have the details,
but the Bureau of Statistics states that the greater
portion of the increase in 1891 over 1890 is found in
the following articles, named in the order of magnitude
year periods the contrast
of
1,314 millions
is still
for the five years ending
June
more
striking.
Thus
increase;
coffee,
tin
plates;
hides
and
skins;
raw
per year of our total merchandise trade was 1,459 wool ; India rubber and gutta percha (crude) ; sugar
millions, and for the five years ending June 30, 1890
and molasses ; vegetables ; and wood and manufacthe average was 1,455 millions; but for 1891, as we have tures of wood.
Referring to the figures for the eleven
seen, the imports and exports reached an aggregate months ending
May 31 (those for the twelve months
30, 1885, the average
of 1,729 million dollars. In other words, the total for
the late year is 272 million dollars above the average
for the preceding ten years.
In the following statement we give the merchandise movement for each
year separately and in five-year periods back
to
1871.
chemicals, drugs,
dyes and
medicines;
fruits;
not being available, as said), we find a most surprising
increase in the article first above mentioned, namely
This increase extends back through all recent
coffee.
years and for the eleven months of 1891 the importa-
amount lo over 89 millions, agains
72^ millions in the eleven months of 1890 and but 39i
tions of that staple
-
AnousT
1,
THE CHRONICLE.
1891.J
months
millions in the eleven
Hero then
of 1886.
is
an augmentation in five years in one single item of
Tin plates form one of tlio
about 50 million dollars.
articles imported in heavy amounts in the late year in
anticipation of the higher duty which went into cfTect
For the eleven months of 1891
the
US
merchandise exports,
gate
including these stapleo,
only 18 million dollars would
show a
Beem to
afford indication of a very satisfactory
in the
interval in the exports
falling off
of
laneous articles and goods.
ItMoI
out two weeks ago that in the late year our wheat
exports had proved
corn shipments
much
fell off
altogether the value of
larger than expected, but
tlie
because of the short crop, and
all
breadstuffs exports was only
$127,668,092, while ten years before, in 1881, the total
amounted
to $270,332,519, so that there
On
nution of over 142 million dollars.
exports there
is
is
here a dimi-
the provisions
a further loss between 1891
of about 19 million dollars.
And
and 1881
yet in the face of
Below
is
the exports of the leading staples in question for a
the Ist of July.
values are $28,730,301, against $18,030,454 in 1890 series of years.
and 115,079,564 in 1886. India rubber and guttaYear!
percha was imported to the value of $17,076,055,
against $J3,882,628 in 1890 and $10,684,701 in 1S8C.
In the matter of the merchandise exports we have
already noted the close approach of the total to that of
That is cer1881, the very largest in our history.
tainly remarkable, for in 1881 our breadstuflfs shipments were of exceptional magnitude. We pointed
growth
and miscela table comparing
of general
ProvMont
and Dairy PttroHwn
t
ProAucU
Bread-
niMno
Jun» 80.
Cotton.
ttufi.
I
Total Four
StavUt.
Total aU
ExportM,
I
...1181,181.866 192.669,269
1878..
92,826,808
117,80«,476 171,118,608
1877
82.916,786
640,884,071
61,789.438 4fl9.293,84fl|602,476,8»0
1879....
18,57»,4l«
181,777,8411180,081,484 124,848,187
|210.S6'',628 162.!t04,850l 1 19.867,692
46.674,974 ^')8,^2H,436 69<,8«6.766
40.^05,240 532.8i2.719 710,439.441
1880....
a««.03fl.8.'!5 2I1..5:t6,005!in2,48x.201
36,21 8,5-.!5 f«18,'i7».56'l H3f,.»38,668
1891....
270,332,519;247,6»6,746] 156,800,840. 40.315,600 715,158,714
162,670.628 199.812,644 122,020,63ol 61,882,706 656,736,406
808,040.860{S47,388,721 109,917,1191 44.91,3,079 600,499,760
162.544,715 197,015,204 114.353,7881 47,103.218 521,016.966
160,S70,«21,201.1>82,458 107,33^,4.^6 50,257.047 519,92:1,682
125,846,55H •^00,088.012 90,625,218 50,198,844 471,757,260
1678,...
1888....,
1888
J884
1885
1886
1887
1
W2.STI»tO
780.642,907
8S3,888,iat
74O.M8.OO0
749a89,766
679.984,880
166,768,662 206,222,067 92,783,296! 46,824,915 611,598,9S0|718,18a,2H
127,191,687 223,016,760 93.068.080| 47.042.409 490,308,936,695,954,607
123,876.6«I 287.775.270,104,182,414 49,913,677 513,688,062 742.401,370
154,925 927, 850,0«8,7»i 136,264.506 61.403.089 5»3,5«2,:il4lH57 .828,684
127.c«-i.0fl2 2l«i,7W,«BKl 138,178,6381 B1.9.W,0I7 608.494,645^881,425.406
1880...
1880...
1
189I*..
* Figures for 1891 subject to slight corrections,
tlncludlng ::rude and reilned, and also residuum.
As regards the movements of the precious metals,
the effects of our silver policy are apparent at a glance.
the contraction in
these leading staples, total
We
chandise exports of
all
1891, against nearly 35 millions in 1890 and 36f millions in 1889.
The net export of the metal was but 4J
merkinds for 1891, as said, come
within 18 million dollars of those for 1881.
exported only 22^ million dollars gross of silver in
Cotton and petroleum have served to offset in part, million dollars, against 13|- millions for 1890 and 18
bnt only in part, the loss on the other staples. It is millions for 1889. This net for 1891 is the smallest of
important to note the prominent part which cotton is any year since 1880. On the other hand, of gold we
In the late year not- exported 86 millions gross and 68 millions.net. The
withstanding the decline in price the value of the ex- Bureau of Statistics says the latter is the largest excess
ports of that staple reached the enormous and unprece- of gold exports in any year of our commerce, but that
dented aggregate of $290,708,898. This is almost one- is not strictly true, for during one year of the Civil
playing in the export movement.
third the value of our merchandise exports of every
;kind including cotton, and nearly equal to the bread
'
.
stuffs,
The
provisions and
petroleum exports
combined.
increase over the cotton exports of the year pre-
ceding
War, namely 1864, we sent out $100,661,634 gold
and $89,484,865 net. With that exception, how-
gross
ever, the late year's outflow
is
without a
parallel.
The
subjoined statement furnishes the results for each year
about 40 million dollars. In quantity the back to 1871.
has been 800,000 bales, we having shipped
r«or
altogether in the twelve months no less than 5,820,679
is
increase
;
Cotton ExporU.
Tear tnding June
30.
BaUt.
PounO*.
Gallon*.
18».
3.214,633
1,491,405,334
1877..
3.1S0.478
1,445,369,130
241,078.748
»0«,0O»,?94
WIS..
3,3M,7»5
1,607,533.611
334.872,513
187»..
3,4112.741
1,888.372,838
376,002,972
1860.
8,811,163
1881.,
4.549.748
3.694,706
1881..
1,822,061,114
2.190,928,772
419,197.199
89<,41>.402
1,739,976,961
556,239,238
188S..
4,626,808
«,288,075,0«2
4«9,78«,86i)
1881..
1.882.572,530
608,36J.oeS
1888..
3.881,233
8.809.568
1,891,659,17::
568,106.520
1880..
4,283.723
2,068.037,444
574,55!^,4S0
1867..
1860.
4,499,579
4,696,017
4.872,060
8,020,913
.
1880..
IWI..
•
6,820,679
8,169,457,330
689.554,441
2,264,120.826
676,962,391
2.381,816,669
614,611,805
2,471,799,858
2.907.308.796
«e: ,845,698
707,378.967
Crude and reflned, but not includin>r residuum.
will
of Importi or
6,883,5'Jl
49,548,760
8,717,4-;8
1873....
44,858,715
8,682,44'
1874.
34,042,420
I9,503,i:r
1875.
66,980,977
1S,69I),7«3
1876.
81,177,080
1877.
26,590,374
1878.
9,201,455
Exp.
Exp.
Exp.
Exp.
Exp.
1881.
1884....
14,388,463,
17,569,317
.30,328,771
6,026,831
25,302,548
38,174,268
39,751.^691
12,798.490
26,953,360
83,587.985:
8,951,789
25,151,165
7,203,931
23,636,216
17,947,341
7,992,709 Ej;p. 23,184.341
25,329,252'
7,013,972
29,571,863'
14,528,180
24,535,670;
16,491,099
8,044,571
20.409.8a7
14,671,062
13.503.894
12,275.914
6,738,776
1,227,980
16,841,715
10,544,238
16,820,599
8,096,336
6,297,477
8,734,263
20,210,445
26,061.426
10,755,212
14,594,915
11,466,481
26,246,234 Exp.
13,330.215 Imp.
5,6i4,91,'-
3.639,025
8l),758,3U6
22.831,317 B.cp.
8,477,802^ 26,691,60('
Imp.
314,140
4,125,780
1,037,334
77,119.371
97,468,127
1,789,174
6,133,261
18.250,040
18,218,804
88.753.633
1888....
42,952,1911 20,743,349 ej:p, 23,208,812,
20,511,219
1887....
26.296,504
28.037,946
17.850,807
17,260.191
1880....
tmp. 33,209.414
,1
18,37fl,23<j
43.031.317 Imp. 25,558,0ft3
69,952,286j 10,284.858 «xp. 49.867.427
17,274.49)1 12.943,342, Exp. 4,331,149
1881
a<'.')63.622l
...
8
31,755,780
16,550,827
1889...
I
69,802,617'
40,831,302
14,639,2*)
4,587,814
41,081,957
1885....
1888....
of
Export!.
53,284,184
imp.
Imp.
2,565,112 100,031,2591 Imp.
32,697,880 34.377,051 fmp.
11,800,888 17,731,149 Imp.
1880.
Importi.
8
66,686,208
1872....
1879.
Exports.
*
1871....
9,701.1871 42,910,601
18,216,512, Exp. 68,117,110
As bearing on
be seen from this table that our petroleum
shipments in the late year amounted to over 707 million
It
Importi.
Exports.
t
exports for a series of years.
I
Exportt.
Exeat
ExctS8
ending
weighing 2,907,308,795 pounds. The following JwmSO
furnishes a comparison of the cotton and petroleum
bales,
these
17,385,280
15,043.683
9,464,203
17.903,006
ll.660.0ia
.36,689,248
18.6;8,915
9,036,318
13,634.280
18.011,088
31,873.929
29,365.666
21,032,984
17,965.^28
4.see,8M
movements
15,403,669
of the precious
some changes
which have occurred in the balance on the merchandise
1890 and trade. For 1891 this balance was in our favor, the exmetals,
it
will be well to refer briefly to
which compares with 661 millions in
with bnt 241 millions in 1870. But notwithstanding the cess of exports over imports being 39^ million dollars;
gain on the petroleum and cotton movement, the loss in the year preceding the excess of exports was
68^
on the breadstuffs and provisions exports as compared million dollars.
In the years 1878 and 1879 and again
gallons,
with 1881
is so heavy that the total for the four staples
in 1881 the excess was in each case over a quarter of a
amounts to only 008 million dollars, against thousand million dollars. That shows the difference
715 millions on the same staples for 1881.
That is, between now and then. But that is not the chief fact to
on these leading items there is a difference against 1891 which we wish to direct attention. It is the change
of about 107 million dollars.
The fact that aggre- that has occurred during the last few years on thft
for 1891
..
..
.
.
..
.
.
THE CHRONICLE.
144
[Vol. LIU.
to
1890.
1889.
1888.
I
Eip.68,618,275
»
»
1891.
»
Merchan<llie....Bip. 39,519,914
Bxp. 1,399,841
aUTer
Imp. 2,730,277 Imp.28.002,607
Exp .13.840,945 Bx p.18,011 ,033 Kl[a2,834,280
Kxp. 43,919/758 Exp'82,359,220 Bip.15,280,756 Xmp.15,368,327
Exp. 68,117,110 Exp. 4,331.149 Exp.49,667.4S7 Imp .25,558,083
ToW
«0M
Exp.li2,036,888
Total
Thus while
in 1888
we
received a balance of almost
and
million dollars of gold, merchandise
41
Imp.40,026,410
Elp.64,948,183
Bip.83,690,389
silver in
sent out for the twelve months, in
1889 this was reversed and we had to send out about 65
•millions of gold, silver and merchandise in excess of
we
excess of what
Vhat we imported
in 1890 this excess of exports was
;
further increased to 86f millions, and in 1891
apparently 113 millions (of which 68 millions was
gold) was necessary to square our accounts with the
Whatever explanation one may be inoutside world.
«till
change, the change itself is a
and should furnish food for reflection.
clined to offer for the
significant one
REVIEW OF PRICES IN JULY-STOCKS,
GOVERNMENT BONDS AND
FOREIGN EXCHANGE.
.prices of railway
Exchange
.Stock
and miscellaneous stocks
month
during the
N. Y.
at the
of
July, 1891.
3^he unlisted issues are designated by an asterisk.
Atlantic dt Paolflo
Buff.Rocli.APltts
pref
Do
-Borl. C. Rap. & Nor..
Canadian Paolflc
'Canada Southern
Cedar Falls & Minn..
Central of N. Jersey.
Central Pacitlo
Ohes. &0. Vot.Tr.cert.
,
Do
Do
do
do
XiMoago
&
1st pref.
2d
pref.
Alton
111
Do
Ohio.
pref.
Ma & St. Paul.
Do
3038
33=8
41,
3273
4°8
33>s
78
78 la
2'5
30
31
I414
42
22
158
79
Low. Bigh.
N. Y. Chic.
12
64
23
108
Do
Do
& St. Louis
Ist pref.
2d pref.
31
17
48
28 »3
128
158
N. Y. Lack.
N. Y.
984 100%
Lake Erie
N. Y. Ont. (fewest....
N.Y. Susq. &West...
14
pref..
26
Do
Norfolk
<&
Western
Do
. .
pref..
Northern Paclflo
Do
88»8
631a
901a
60ta
108
pref.
Railroads.
N. Y. Cent. & Hud. B.
& West...
& W. 174
Do
4738 49>4
pref.
484
N. y. & New England
31
106% 115% N. Y. N. H. & Hart. 225
SOk 82%
l'J5
pref.
Do
Ohio. Burl.& Qulncy..
C1UC.& East
Low. High.
pref..
63
Ohlo&Mi38lsali)pi...
94
Oregon Ry.&Nav.Co.
6558
^13
Oreg. 8h. L. & U. N..
Peo. Decat. & E'ville.
Peoria & Eistero
6^3
134
46%
204
584
17
69
.
Do
Oblo.
Flint* PereMarq...
Great Notth'n, pref..
Green Bay W. & St. P.
17
86
lUlnols Central
93
90
Do Leased lines
Iowa Central
6>a
Do
pref..
Keokuk <& Western
.
.
Xake £rle &. West'n..
Do
pref.
I/»ke Shore
Loni; Island
Lnulsv. Ev. 4 St. L..
.Louisville &, Nashv..
Do
5
right«.
Looisv.N. Alb.<b Ch..
Ualioning CoalRR..
'Manhattan cousol....
•Mexican Central.....
21
341a
19i«
14
.57%
18
70
95
1758
&
ol.
WabasU
Do
Wheel.
Western.
Do
pref..
&
T. ex. 2d
prof
iJClssouri Pacillo
•M. K.
Do
M.
7»8
I414
20
64
94
I41SR
243«
6H4
404
Bash. Chatt.
180
-
:
/
So
L..
rights.
109
294
704
658
14
3«%
99%
105
7
48
15
48
15
20%
294
10=8
23»8
SS'fa
184
I37I8 142
iScSt.
6931
374
694
»»
Do
pref. X 71
754
26
Wisconsin Cent. Co..
15
184
75 5«
EXFBE8S.
•13% Adams
14.5
148
224 American
114
120
70
United States
514 62
1004 WeUs, Fargo & Co.... 140 141
Mol)ile&Ohio
'Morris k Essex
34ifl
39%
154
29% 334
114 14
13
15%
ft'a
pref..
& L.Erie
Michigan Central....
Coal and Mining.
871s 87i>8
MUw. L. S. <t W. pref. 101 110
Colora<lo Coal & Iron
Minneapolis * St. L.
Col. ifeHook. C. &I ..
4
4
;
2938
151
Union Paclflo
394 454
Union Pac. U. & G...
144 19
Unlt'dN.J.KR.&Cau. 2224 22.!4
53
••00 la
Peo.
6
15
64
24
344
I
110
I2I9 17
Consolidation Coal..
Maryland Coal
Minnt-eota Iron
New Cent. Coal
Ontario Silver Mtn..
Quicksilver Mining..
Tenn. Coal 4 Iron
Do
pref.
52
76
86
HO
94
69
80
794
1014 1044
...
924
45
274 344
14
23
184
9373
4733
dividend.
OS's
14%
1838
National Linseed
Oil.
32
33
North American Co..
Oregon Improvem'c.
11
''a
164
f>9H
364
684
20
32
•Pipe Line Trust
PuUman Palace Car.
Silver Bullion certs..
Tex. Pac. Land Trust
Western Union Tel..
20
177
175
99
17
10238
174
784
8038
t
:
44»,1891, 4s,1907,
44s, 1891
coup.
reg.
reg.
6s, c. '98,
, 1907,
coup.
reg.
100!58
116%
lOOSs
100=8
117
1174
116%
117
6«
'99,
reg.
c.
•119
•120
•119
117
118
118
118
•1194
118
1174
117
100%
.•x994
Closing...
lowest
prices
are
from actual
The following highest and
sales at the New York Stock Exchange:
BANGB OF STATE BONDS IN JULY.
Low. High,
Low. High.
101
Tenn. newsettlcm'tSs.lOl
101
101
Class
A
Alabama
5a
99% 100
Do
105% lOS's
Claai B
67
38
684
Da
So
4
85
cons.
Lonisiana
Do
3s small.... 664 664
124
N.Carolina 1919 68... 124
der.
tr.reo.
6
6»8
63
Virginia
99
99
4s
Consoll910
6
Do tr. rec, stamp. 6
24 34
So. Car. 6s, non fund..
The daily posted rates for 60 days and demand sterling
exchange in July are given below, it beiag understood
that bankers' actual rates are usually a fraction below the
prices posted:
BAHKEBS' 8TEBLIN0 EXCHANGE (POSTED BATK31 FOB JULY, 1891.
Opening... *1C0
Highest.. .*10"58
Lowest.. ..*x')9i3
60
De-
day$.
mand-
I.... 4
2.... 4
3.... 4
4....
6....
6.... 4
7.... 4
8.... 4
864
4 8S-4
^6-4 4 88-4
86-4 4 88-4
H
a.
86-4
854-6
854-6
9... 4 854-6
854-6
4
10...
11... 4 854-6
8
12
4
4
4
4
4
4
July
60
De-
days.
mand.
13... 4 854-6
14... 4 854 6
15... 4 85-6
16... 844-54
17... 844-54
18... 844-54
19..,
8.
20... 844-54
21.., 844-54
22... 844-54
July
874-8
874-8
87-8
87-4
87-4
87-4
60
De-
dayt.
mand,
25.... 844-54
26....
9.
27.... 844-64
28.... 4 84 4-5
29.... 844-3 4
4 87-4
4 87-4
4 87-4
4 87-4
4 87-4
4 87-4
87-4
87-4 Open 4 864 4 88-4
874-8
874-8
87-4 ffi^'h. 4 864 4 8^4
874-8 23.. 844-5 4 874-8 fjOW., 4 814 4 87
Last- 4 8.5-4 4 87-4
24.. 844-54'4 87-4
88-4
874-8
874
Condition of
National Banks.
30... 4 -».5-4
31.... 4 85-4
New York
—Mr. E.
S.
1891.
Total
$618,532,896
Surplus and undivided profits
circulation outstanding
Dividends unpaid
Individual deposits
Otiiar deposits
Due to banks and bankers
Notas and
bills
parable
Total
BOSTON.
Numbar
83
17
$50,780,000
62,8o3,192
3.848,208
135,068
240,613,137
»d65,333,639 $513,583,764
2,.59l,580
167,339,811
35,000
$518,532,096
Julv
9.
1891.
66
$19,700,000
53,80-',379
8,621,158
231,118
272,763,197
3,789.517
171,177,970
$19,040,000
49,036,189
3,689,589
278,580
237,322,48a
3,852,385
170,374,821
$555,393,539 $513,583,751
WflVl.
1891.
60
JltJv 18.
1890.
66
JiMOurces—
Loans and discounts, Incl. overdrafts
Stocks, bonds, &c
Due from reserve agents
Due from banks and bankers
Banking house, furniture and fixtures
$113,547,915 $117,234,235 $146,171,119
8,800,552
0,032,758
10,034,332
16,990,277
18,163,133
17,759,006
13,327.675
16.138.181
13,230.841
2,597,266
2,818,898
2,699,498
Othorreal estate
171,271
154,003
156,027
8,89L3Wl
Gold coin and certificates
0,733.121
7,982,588
Silver coin and certiflcates
1,552,199
1,871,368
1,398,818
Legal tender notes and cert'fs of deposit.
4.381,163
6,111,292
3,713,301
Bills of other banks
1.036,805
ti5:),287
731,147
Exchanges for Clearing House
0,178,583
8,790,768
8,103,764
Current expenses and taxes paid
562,757
600,918
205,218
Premium on U. 8. bonds
101,190
185,316
108,551
Other resources
612,315
655,068
583,193
Total
LinbUitiexCirculation outstanding
244 34
1890.
Liabilities-'
Capital stock paid In
IS's
638
1H91.
47
49
1237,800, .'573 1291,197,019 $231,lilS,287
32,9.59.706
31,501,729
34,061,061
Stocil, bond!, 4c
32,001,112
80,089,836
31,813,839
Due from banks and banlters
furniture
10,031,095
and fixtures
11,303,138
11,089,228
Baulcing house,
804,600
;
1,153,818
1,127,128
Othcrreiil estate
69,151,007
63,710,350
48,313,541
Gold coin and certinoatei
6.008.708
7,238,368
6,853,041
SIlTgr coin amd cartlfloates
24,018,753
29,171,251
Legal tonder notei and cart'fi of deposit.. 43,091,165
1,117,198
1,320,700
1,640,892
Bill! or other baiikt
63,511,258
40,080,352
87.601,170
Brclian««s for Clearing Houie
238,1»1
expeniei
and
taxea paid
Currant
113,553
1,049,701
1.574,907
1,030,.583
Premlumton U. S. boudi
947,328
2,701,090
3,8.36,716
8,693,186
Othar FMOurcsi
Capltal stock paid In
71%
94 104
384 40
83
8tii4
994 1044
pref-.
•National Lead Trust
Ex rights.
: Trust receipts.
The range of Government bonds sold at the Stock Exchange
in July was as follows
GOVBBNMBNT BONDS.
i Ex
* Unlisted.
15
28
eo's
4
Do
Pacific Mall
18
*
loeia IIOI3
67 1«
.
t434
Gen. Electric.
Laclede Gas, Bt. L...
National Cordage
City, Boston and Chicago
Lacey, Comptroller of the Cur264
rency, has furnished us this week abstracts of the condition
108
194 of the national banks in the cities of New York, Boston and
50
344 Chicago at the close of business on Thursday, July 9, 1891.
228
From them and from previous reports we have prepared the
164
"
74 following, which cover the results for July 9 and May 4, 1891,
284
13% and for purposes of comparison the figures for last year (July
52
given :
244 18) are
6618
July 0,
Julv 18,
Mnv 4,
new YORK CITY.
12
68
i<<)
121*
91
26
Southern Pacific Co
894 Texas & Pacific
Tol. Ann A. & No. M.
6
9514 Toledo & Ohio Centi al
99
734 Number
Raourcet—
224 254 Loam
and (llsoountl, inol. orerdraftj
15
17
& Nortliwest.
102% lOSH
6
]31>9 P. C. C. & St. L. pref.
pref.. 132
13=8
69
7418 Phlla. & Road, certs.
& Boob Island.
26
21
24% Pittsb. Ft. W. & Chic. 149
OUo. St. P. Minn. &. O
pref.
79
Do
821a Pitts. &W. pf.tr. rec.
33
CL cm. CMC. & 8t. L, 56% G2>4 Richmond Terminal. 104
Do
Do
pref..
90
91
pref.
55
147 150
Rio Orande Western
Cleveland * Pitts
37
22
25
Do
Col. Hock. Val.&Tol.
pref.
68
Delaware & Hudson. 126 1-29% Rome Water & Oed.. xl05%
Del. Lack. & Western 13038 1351a St. L. Alt. & T. H....
274
Den. & Kio Orande...
I314 15>3 Bt. L.&8. F. 1st pf..
68%
Do
pref
40
50
St. Louis Southw
6
Des Moines & Ft.D..
Do
4% 4%
pref..
13
5
•E.Tenn.Va. & Oa. Ry.
5% St. Paul&Duluth... 30
42
Do
Ist pref.
50
Do
pref..
99
9^8 1378 St. Paul Minn. & Man. 102
Do
2d pref.
'ETansT. & Terre H.. 1144 120
South Carolina
6
Ohlc.
98
9
Consolidated Gas Co.
& Cat. Feed. Co.
—
BAILBOAD AND MlSCBLI-ANEOnS STOCKS.
Eailboads.
ULtoUson Top. &. S.Fe.
764 83%
89 4
804
Dls.
July
following table shows the highest and lowest
The
44
87
79
Chic. Junction By...
pref..
Do
Citizens' Gas.B'Idyn.
Commercial Cable
964 105%
124 154
174 22% Edison
35
Brunswick Co
Chicago Gas Comp'y.
are the figures to prove the statement. .
BXCBSS OF IMPOBTS OB EXPORTS FOR FISCAL TBAB.
Low. BiqK
Various.
Various.
that
combined merchandise, gold and silver movements
Am. Cotton Oil Co
been
pref..
Do
has
deserves recording. During these years there
•Am. Sugar Eelin.Co.
necessary
pref..
•Do
apparently
a steady increase in the amounts
Amer. Tel. & Cable ..
Here
world.
Amer.
Tob.
Co.,
pref.
the
settle our accounts with the rest of
•
—
.
Surplus and undivided profits
Dividends unpaid
Individual deposits
Other deposits
Due to banks and bankers
Notes and bills payable
Total
$217,618,100
$61,800,000
21,0 8,219
3,535,730
3(! 188
86,2'>3i919
681,519
44,105.877
261000
$217,618,490
$218,801,571 $216,916,870
$51,800,000
10,981,.522
3.347.110
62,817
98,998,616
817,713
11,451,766
129,000
$51,800,000
20.007,911
3,201,810
36,128
06,151,037
8.-.7,047
13,004.099
108,888
$316,891,571 $215,916,870
AcausT
THE CHRONICLE.
1881.]
1,
CUIC'AtiO.
I,*«»'kmim»coont..lnol.oT«rdrmfti.
llo..rn.nl l.,mk» »n(1 tanker.......
(Ithprrciil .Kinle
U.,W
>..!.. .in.l
-liuuso
l-romiuii,. rn
iJiji
-.
I
un,ll»W<»Jprofll»
tiindlna
i)„
1
....TI
,19
Otli., ..,
Due
1.1
hii.k.s .111.1 Imukera
bills imyiitjlo
Jiilil )N,
i«
*^-^-^.
•^J'SS'L'S
"ffi'liV,
jU^'LiI
>
t
»"??!,'/'"'
''
,
,Li,,.
';.ni:,r
,.
?;mi!i«
MiiA^iiA'^
^:n,:;:s;f
B.UH.IT:!
7.S7.'i.S1«
.l.illl.lM.^
flO.aW
75.303
H9.000.000
"."WZ-'I?
71.,
.ml
»160,881,972 HSO,lHlil,S(»l
»lr,fiOO,000
1«-*S?-S!"
720,080
7.770
tin.ino,()00
0,'illl.nO
.Mf.aiio
706,l«S
80.788
<7.418.8I0
08,9ei.61!3
MS.963
7U.SU0
727,;i';o
45,9«.S18
62.331,811
11.7..1l....'!l
»U5.17«,0S8
»1S0.891,872
?l.'Wl,cl,)o.8,iO
Ml,il7
Iifl.2(i7.iliXI
Ml
Notes aud
Total
to
-M
.i.'i'--7to.;
K7--
I
increased distrust,
INQi).
W
tU5'*76,083
T„(»|
('«'i'i'l!'ul'illwirn»ldln
In,i
laltl.
'^?,V^i'
•'"'«»""»'.*'!^';
s-r'"""'
S."r|Vl"-,u,.1
Mnyt,
1891.
.BoT^rn,!
owtUlMtw
S',
Or.
Julut,
20
N.....1..T
145
j
|^0«ctarij5®0mmetclal gugtlsTt ;^cxus
engage in now
and therefore a very natural
disioclinatioji'
risks.
Early in the week there were some signs of renewed interest
American market. It was said that a |>owcrful 8yndi<
cate had been formed, and that it had just begun buying upon
a considerable scale; but when the fears referred to sprang up
the syndicate stopped operating, and the market fell back inta
a lethargic condition. Since then speculation has been, it
possible, quieter than Ijefore. The opinion still prevails that a*
goon as the holidays are over there must be a rise in American
railroad securities, but this market is not in a position to take
the initiative. Still, it will in all probability follow if the
lead is given by New York. The Berlin Bourse is in a very
weak state, and there is much anxiety concerning it. For
weeks past industrial shares of all kinds have been falling.
The greatest decline has been in iron and steel companies, but
there has been a serious fall also in coal shares and in bank
shares and there has likewise been a decline in Russian sein the
;
curities of all kinds.
[From our own oorrespoudent. J
Even yet there is uncertainty as to the real condition of theRussian crops. But the opinion is growing that'they will be
We have had tliis week a renewal of alarmist rumors. O ne bad. If they turn out so, there can hardly fail to be so great
•was to the effect that Messrs. de Murrleta were agaia hi difiic ul- a fall in Russian securities as will imperil the Berlin Bourse,
ties.
That appears, however, to be entirely unfounded and for it is to be recollected that there are immense amounts of
indeed it is incredible that those who instituted an inqui ry German capital invested in Russia in all sorts of ways. Good
into the affairs of the house only a few weeks ago, and after German statisticians estimate that three or four hundred mili
the inquiry agreed to make an advance, can have been so mis- lions sterling of German money are invested in land, houses,
Serious financial
factories, railways and Government stocks.
informed as the rumor would suggest.
Another report had reference to the English Bank of tho difficulties, therefore, in Russia would have a very bad effect
River Plate, which was said to be much embarrassed. To-day upon Germany, and the crisis in Italy is likewise telling
the bank's shareholders have received an official notification severely upon German capitalists and German speculators.
stating that, owing to the impossibility of collecting advances The crisis in Russia would also affect France seriously, the
and debts due to the Bank, the directors have felt compelled amount of Russian stocks now held in France being large.
in the interests of all concerned to place the bank in liquida- And the condition of Portugal and Spain is also a danger toIn South America there is as yet no sigh
tion.
It is natural to suppose that many bad debts have been the Paris Bourse.
contracted, considering the great break-down not only of of improvement, and every one connected with that region is
governments and banks in tho Argentine Republic, but also of Buffering seriously, especially since the moratorium came into
London, Saturday, July
18, 1891,
;
merchants and owners of real estate, and the run upon the effect.
The reports issued by the joint-stock banks for the first half
few weeks ago must certainly have greatly
weakened all the foreign banks. But it is possible all the of the year show, as was expected, that it was decidedly les*
same tliat the rumors are exaggerated, and there are still hopes profitable than the first half of last year. Speculative business
that even if the Bank lias to wind up no serious losses will fall of all kinds so greatly fell off that the demand for loans and
upon anybody except the shareholders. The authorized capi- discounts was much restricted. As an example, the nine
tal of the bank is a million and a half sterling, of which three" London banks showed a decrease of about 12 per cent in net
quarters of a million sue called ud. The shares are of the profits, and the new half-year has opened even more unfavornominal value of twenty pounds each, ten pounds being paid. ably than that just ended. The chief interest, however, in the
Owing to the renewed uneasiness, the rate of discount in the accounts just published is the state of the cash held by the
open market has advanced to about 2}^ jier cent and there is banks. It will be recollected that the London banks promised
naturally much unwil'ingness among brokers to take bills the Chancellor of the Exchequer a little while ago to publish
even at that quotation. The rise has no doubt been acceutu- monthly accounts from and after the first of July, while the
ated by the large withdrawals of gold from the Bank of Eng- country banks are to publish quarterly accounts and it wa»
land. During the week ended Wednesday night the net with- understood that in giving the promise the banks pledged themdrawals somewhat exceeded £1,100,000. Over three-quarters selves to increase their reserves. On the last day of June the
of a million went to Russia and the remainder to Holland and nine London banks held in their own coffers and at the Bank,
Germany. It is understood that about half a million sterling of England in round figures £12,300,000, an increase of nearly
is still to be sent to Russia, and £300,000 or £400,000 will have
a million sterling, cr over 8 per cent. In spite, however, of
to go to Holland, as an old Russian loan which is chiefly held the aggregate increase there was a small decrease in the case
in that country is being redeemed. For Germany there is a of a few of the banks.
very strong demand for gold just now. But while the disAt the meetings of shareholders the question of increased
count rate in the open market has risen so much, there is very reserves was referred to by several of the bank presidents.
little advance in the rate of interest for short loans.
Bankers, One of them admitted frankly that heretofore the banks had~
indeed, find it difficult to lend their surplus balances on any not kept adequate reserves, and though he did not go on to
terms.
promise amendment in the future, he left it to be inferred
There was a good demand for silver for Portugal at 46}^d. that that was the intention. Another stated expressly that his
per ounce, but the demand slackened yesterday and the price bank not only recognized that larger reserves ought to be
fell to 46d.
There is expected also to be a considerable de- kept, but was very willing to increase considerably its own
mand tor Spain but the Indian demand is very slight, and reserve if the other banks would do the same, from which itspeculative operations have entirely ceased, owing to the re- is concluded that there is no real union amongst the banks.
newed uneasiness.
But as the general feeling is strong that the practice hitherto
Clonsols, which advanced rapidly last week, have fallen this pursued is too dangerous, it is to be expected that the pres"week about Jg, the price being barely now
Indian and sure of public opinion will force all the banks steadily to
gS'scolonial stocks have also given way, and the rise in British increase their reserves now that the state of those reserves
railway stocks has been checked. All this is mainly due to can be seen month after month. It will be more difficult, of
the revived uneasiness. The best judges are of opinion that course, to deal with country banks than the London, but if
even if the worst rumors respecting the English Bank of the the latter lead the way the former will have to follow.
River Plate are confirmed, they will not much affect the
The weather continues exceedingly favorable. It is both
stock markets. One reason for thinking so is that the diffi- dry and hot, and now the hope is entertained here that the
culties have now been known for five or six weeks, and that harvest throughout the United Kingdom will be almost up to
ample preparations have therefore been made. Another is, the average. On the Continent there is also improvement,
that the large uncalled capital is expected to
be sufficient to everywhere except in Russia, though there is no doubt that:
meet all liabilities. Still, of course, there is uncertainty and Western Europe, will need more wheat than usual, even if the
private banks a
;
;
—
.
THE
146
.
CHROJNaCJ.K
[Vol. LIII.
1889-90.
1890-91.
1887-38.
1888-89.
From
got in under the most favorable conditions.
English wheat, per qr.—
31s. 6d.
29s. 31.
33s. 2a.
38a. 7d.
A. verage price, week
is said that
Russia the reports continue to be very gloomy. It
303. 61.
303. 9(1.
30s. 6d.
Average
price, season.. 34a. 9d.
it is also
and
famine,
actual
be
will
there
in some districts
The following shows the quantities of wheat, flour and
the
respecting
alleged that the Government is so anxious
maize ailoat to the United Kingdom:
exports.
1889.
1890.
Lmtweek.
This week.
matter that it intends putting obstacles in the way of
1,435,500
2,008.000
2,288,000
nrs. 2,241,000
Wheat
Germany may be Flour,
210,000
261,000
203,000
If this should be done, the consequences to
247,000
eaual to qrs.
675,000
850,000
423,000
large quan- Maize....
459,000
qra.
serious, for Germany always imports from Russia
Cable.
rye
Marltets—
Per
that
the
Fluauclal
is
now
EasltaU
fear
The
tities both of wheat and rye.
The daily closing quotations for securities, &o., at London,
imports will fall off so seriously that the price of food in Gerare reported by cable as follows for the week ending July 31
of
condition
the
effect
to
seriously
will rise so high as
faarrest
is
:
many
the people. Should that be the case,
that the Berlin Bourse as well as the
it is
almost inevitable
money market
London.
will be
Consols,new, 2% per
money have been as
rates for
Sank
Interest allowed
for deposits by
June 12
••
X9
26
"
July
"
"
8
10
17
Trade Bins.
BUls.
Wst
Dise't
Joint
Stock
Four
Six
Ihre«
Six
Four
Three
Banks.
Months Months Months Months Months Months
® - 3~®~ 8H®3H
m®- m®~^
4
- 2H® - 2)4® - 3 @ ®a
2K®
1»S8
1«® - 2H® - 2 ®S 2M@3 2H®3
8
2M®- m®2ii 2 ®2ii 2ii®3
2% IX® - IH®
- 2«®- 15i@2M 2 ®2)^ 2Hm3
\H-2 - IM®
2H®2ii 2X®2» 3M® 2M 17*92 2M®
Illinois
At 7toU
IS iH-2H
1«
1«
1«-1M
1
H
1
-1
1
1
H1
H1
-1
-1
and open market rates at the
now and for the previous three weeks
rate of discount
chief Continental cities
have been as follows:
July
a
Interest at
Bank
July
IT.
Open
Bate. Market
Paxig
Bank
Frankfort
3H
sa
t
BruBaels
2W
s«
St. Peteribnrg.
Hi
4
Madria
3i4
4
iH
s%
2%
2H
4
8
8
4
Op»n
Rate.
Market
4
4
4
July
16.
£
OtPOttlatlon
26.465,550
3«
4
1888.
July 17,
16.
£
£
26,276,315
25,348.855
July 18
£
84.883,830
Public deposits
3.491,688
4,214,611
6.051,6o3
4,509,198
Other deposits
37,152.165
12,423,003
80.461.943
29.040,677
14,903,257
29,626.096
27,416,378
111.714,923
18,254,047
20,454.735
19,116,789
OOTerament
securities
seoarlttes
Other
Beserre
Coin and bullion
15,952,483
21,857,017
11,676,159
13.663,124
12,631.682
26,968.033
20,501,471
22.803,469
21,315,402
Prop, assets to llabllltles.per ot.
39
Si^
38
39 5-16
Bantrate
perct.
£«
4
2X
214
Consols 25< per cnet
95 11-16
96 9-18
98^
1005^
O-earlng-House returns
135.369,000 179,854,000 164,263,000 149,408,000
Mexican Dollars-The supply of these coin has been somewhat
,
limited, and the last price is 45d. nearest.
Ilflhe quotations for bullion are reported as follows:
SILVK8.
X«n<lon Seondonl.
July
9.
Jviv 18.
London standard.
95-I7I3 95 00
111
72 "4
111
71%
71%
102
19
100
49 3e
65 13
lOlia
18'8
101
100
100
49
64=8
961a
102%
119%
103%
119%
8514
6433
961a
X8278
6338
111
7214
711a
71=8
43 "4
4878
641a
511a
14
421a
231a
23
511*
1414
23I8
102%
119%
85%
95IS18
»578
9578
95l3l8
95-12ia 94-9713
—The
following
102%
119%
82%
63%
96
110
96
llOia
70^8
7118
701a
70%
101 19
101
18=8
18%
181a
100
100
481*
621a
63%
13%
43 14
23
national
4778
62
51%
13%
42%
22%
5II2
Cii;ommet;ctal mxd W^isuUmitoxxs
51%
13%
41ifl
22%
^ema
have
banks
recently been organized :
4,596—The Old Second National Bank of Aurora, 111. Capital, $300.000. Alouzo George, President; James A. Esrleston, Cashier,
4,597—The First National Bank of Hickory, N. C, Capital, $50,000,
K, C. Menzies, Cashier.
;
Capital, $50,000.
G. C. Allison, Cashier.
wis.
Capital, $50,Beaver
Dam,
National
Bank
of
German
4,602—The
000. Theodore Huth, President; Geo. C. Congdon, Cashier.
Capital,
Dakota.
Vermillion,
South
National
Bank
of
First
4,603—The
$50,000. Darwin M. Inman, President; Martin J. Lewi»,
• Cashier.
4,604—The First National Bank of Sheridan, Wyo. Capital, $50,000,
Cashier.
E. A. Whitney, Presidont
July 9.
July 16.
d.
a.
Farmtr, President
;
;
,
Imports and Exports for the Week.— The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were $10,155,859, against $9,175,136 the preceding week and j8, 633,7.54 two weeks previous. The exports
for the week ended July 28 amounted to $7,184,773, against
The
$6,273,595 last week and 6,470,888 two weeks previous.
following are the imports at New York for the week ending
(for dry goods) July 23 and for the week eaclias;; (for ijeaeral
merchandise) July 34; also totals since the beginning of the
first week in January.
FOREIGN IMPORTS AT
&
Messrs. Pixley
Abell write as follows:
Gold—The open market inquiry for gold Is now very keen.and parcels
have been secured for Holland. The Bank has received £296,000 during the week, and £ 1 ,369,000 has gone out, of which Russia has £805,000, Germany £207,000 and Holland £317,000,
Arrivals: From
Brazil, £101,500; West ludias, £40,000.
Silver— Since our last silver feU to 45%d., on the withdrawal of
special orders, hut yesterday, on Continental buying, the price rose to
46i4d., at which It is rather nominal to-day. Arrivals: West
Indies,
GOLD.
95-35
10234
119%,
8478
6414
9612
45'<,a
;
,
July
95'6i„
43%
Union Pacific
Wabash, pref
J, P.
nom.
1889.
95 7e
95 '«
Fri.
46
4,601—The First National Bank of Peterson, Iowa.
:
1890.
459ifi
9579
Thurs.
;
m
4
4513,«
9578
9578
Wed.
Sutton C. Richey, President C. A. Shera, Cashier.
4 600— The First National Bank of Neihart, Montana Capital, $50,000, Timothy E. Collins, President Gold T. Curtis, Cashier.
2)i
nom.
Tues.
4513.
A, A. Shuford, President
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c
compared with the last three years
1891.
lom
Man.
4,598—The First National Bauk of Pinevllle, Ky. Capital, $50,000,
James F. Slusher, President; John R, Rice, Cashier.
4,599— The First National Bank of Oxford, O. Capital, $50,000.
3H
2H
3«
iH.
nom.
4
*H
8^
5«
Ill's
National Banks.
Bank
3
4
nom.
OopBnlia««ti....
Open
8
3H
1H
2«
8^
9558
72M
LoulsvlUe & Nashville.
71>9
Mexican Central 4s
N. Y. Central & Hudson.
&
West'n
191a
Erie
Y.Lake
N,
100
2d cons
do
49I3
pref,
Western,
Norfolk*
65 13
Northern Pacific, pref . .
5158
Pennsylvania
Philadelphia & Reading. I413
June 2Q,
3.
Rate. Market
~~2ir
3
Amsterdam...
Bank
Open
Bate. Marke.
a
HambuTff
July
10.
4513],
96
Central
Lake Shore
Days.
Oali.
8
*The Bank
cts.
95%
for account
Fr'ch rentes (in Pari3)£r. 95-30
10231
U. 8. 41B8 of 1891
119^
of 1907
U.S. 43
-~
8478
Pacific
Canadian 6478
Chic. Mil. &8t. Paul...
do
follows
Open Market Bates.
London
d
Silver, per oz
affected.
The
Sat.
For Week.
1888.
Dry Goods
(Jen'l
TORK.
1891.
1890.
1889.
$2,584,780
7,571,079
$3,068,824
6,674,764
$3,277,427
7,360,998
$3,208,838
7,241,144
$9,743,588
$10,638,425
$10,449,982
$10,155,859
$75,788,833
200,725,558
$78,841,195
212,581,274
$91,571,767
221,830,732
$68,953,676
238,477,936
mer'dlse.
Total
Since Jan.
NEW
1.
Dry Goods
aen'l mer'dlse.
Total 30 weeks. $276,514,391 $291,422, 469:$313,40'2,499 $307,431,612
tlie dry goods trade will be found the'i
dry goods for one week later.
1
The following is a statement of the exports (exclusive otj
specie) from the port of New York to foreign ports for thai
week ending July 38 and from January 1 to date
EXPORTS FROM NEW TORK FOR TSB WEEK.
In our report of
i
Tiports of
_
:
«.
Bar
Bar
d
$.
gold, flue.... OS.
gold, coutaln'g
77 10
77
tOdwts. silver. .OS.
Bpan. doubloons. OS
77 11
77
fi.Am.doubloons.os,'
d.
lOK Bar silver
os. 46Hi
Bar sliver, oont»ln-|
log 5 grs. gold, .OS, tea
Cake silver
os. 49^
Mexican dols
os. 44t<
im
46«
1888.
46^
49^
of cereal produce into the
during the forty-five weeks of the season
:
1):
1890-91,
Iinport»ofwheat.owt.50,471,561
Imports of flour
13,982,270
Bales Of home-grown. 32,169,967
Total
1889-90.
42,416,000
1888-89.
51,967,504
12,515,137
32,572,020
35,45l|4i!9
96,623,798 105,788,157
97,054,661
93,267,059
48,587,665
14,'792,492
1
$6,646,256
186,155,463
1891,
,
$7,184,773
195,852,557
Total 30 weeks. $167,915,141 $195,800,195 $192,801,719 $203,037,329
table shows the exports and imports of specie
the port of New York for the week ending July 35 and since |
Jan. 1,1891, and for the corresponding periods in H30 and 1839;
EXPORTS AND IMPORTS OF SPEOIB AT NEW YORK,
ThefoUowing
,
it
IMPORTS.
1890-91.
1889-90.
1888-89.
1887-88
Wheat
owt 50,471,561 48,587,665 51,967,504 41,562,635
Barley
15,401,061 13,576,082 17,027,118 17,394 143
Oats
13,600,698 10,854,829 14,356,052 15,256,754
Peas
1,800,314
1,608,593
2,069,202
2,730,363
Beans
2,724.064
2,940,195
2,781,537
2,364,664
Indian corn
25,703,565 35,486,786 26,510.087 20,768,711
Flour
13,982,270 14,792,492 12,515,137 16,212;995
Supplies available for consumption (exclusive of stocks on
September
Prev. reported.
1890.
1889.
$5,279,445
$5,893,720
162,635,698j 189,900,475
I45
The following shows the imports
United Kingdom
compared with previous seasons
For the week..
1887-88
41,562 633
16 242 995
Exporta.
Imports.
'
Ootd.
Week.
Qreat Britain
France
Germany
Mexico
South America
All ether countries..
Total 1891
Total 1890
Total 1889
Since Jan. 1.
Week.
Since Jan.l}
$277,658!
$1,131,164 $37,044,384
1,000,000 16,546,583
17,031,577
680,866
2,550,645
9,205
1,527,310
25,500
$267,658
96,500
306,5H0
11,100
$2,812,024 $74,735,204
929,520
9,983,114
278,630 45,971,468
$700,548 $2,477,948
5,419,329
195,347
4,472,980
198.878
1.400
7,270
10,030
314,59a
636,387
655,333
28,775
137.25*
427,948
.
ATOU8T
Shut Jan.
Wetk.
Since Jan.l.
Week.
1,
9183,513 •6,868.393
407,881
Franc*
87
$87
2in
G«rm»ny
400
459,818
$8,081,218
11,436.581
11.313.120
$00,178
89,487
26.758
$1.214. S71
3.373, 20'.>
All other cuiiutrloi..
#487.566
Total 1891..
Total 1890..
Total 1880.
1,418,8.»1
606,914
1,978
51,419
3«,ia"
3,079
...
$20.0,)2
243.743
43,000
429.747
88.535
975
IndktR
Mexico
Boatb America
<)!>,w
1 1»
3(W.")M:i
29.">,!)0>
895..'i02
wore
Of ttie above imports for tlie week in 1891 $08,695
Of the
American «oId coin and $87 American silver com.
American gold
exports during the same time, |3,100,000 were
The movement of breadaturfa to market is indicated in the
goatement below, prepared by us from the figures of the New
We first give the receipts at
York Produce Exchange.
Western lake and river ports, arranged so as to present the
comparative movement for the week ending July 35, 1891.
the last three ywrsan<1 since Aiwust I. for each of
«<-
BftvU
Com.
Whiat.
rumr.
BarUtr
aatt
Bblt.WUht Bu«)l.«OU» Buili.Wll.. BuJh.S2
Ih-
B1U(1.4H
tti:
1'
«•«.
5tt
1
OhlMffo
M,616'
1,921.001
1,628.188
951.070
3,376
MUwaakM..
18,049,
B0,75C
17,300
64,000
4,300
Dolnth
S4.393
n.Mi
838
1.5S3,93S
18,749
5,561
1.477
81.419
8,SS0
309.6^8
187,413
1,091,939
113,000
3,543
22.457
252,570
97.8X1
88.970
88.437
833,020
n6.00(
3,000
7.700
111.
i38,68"o
5.899,838
8,038,603
1,548.081
11,985
145,8fS
Bam* wk.tw.
Bant wk.>8e
atnM Awi. 1.
:05,686
llH,7a2
2,010,S«7
2,011 :4i
2,889,830
1.999,493
1,927.750
44,083
40,903
87,417
Detroit.. . .
01«T*Ianil. ..
18,54»
Bt.Loali
Peona
Touwk.
92,553
6 380
587.680,
Hlnneapollt.
Totedo
UM>-»1
18aB-S»....
88,103
29
1,990
1,100
1,305,440
10,2e5,726 118,098.919 101,671,133
11.188.829 11»,300,7.W 179.836.014
9.483.7S7 89.835.82^ 120 619.156
UW-80
48,173
92.118,791
88,418809 4,448.417
95,272,644
81 271.314
86,049,681
6,281,622
84,949.856
4.771.97
r
Below are the rail shipments of flour and grain from
Western lake and river gorts for four years:
nou
bbU,
Oati
bush.
7tl8.201
9-'6
00,437
3.083
82.720
229.918
85,100
11.58.1
4:10.074
8fl5,048
550,512
215,800
312,000
OaeuaiArlTer.
266,868
152,600
806,381
812.901
136.918
3.035,876 1.770,,'>35
3.365,202 1,7,^!). 308
12,020,700 2,128,07
12.131,h79
4.2.52.763
7.153.010
T«)«.Jii'y27,'89.
XWt July 28, '88. 2J,190,867 8.374.050 2.68!),830
-91.
iy)«..Inly in, •91.
rw. July 26. '90.
Tot Jnly25,
14.100.477
12,472.291
1
8.;il)2,3 1 *
0«\rego— Last week's
•
bvi\.
built.
3,000
4.014.473
Hlnneaiiolla
wenk's
«toi!k<, this
74,741
74,779
388,888
371.345
144,196
mt reoelred.
—The Central Trust Co. of New York, and the Franklin
Trust Co., of Brooklyn, givo notice that they will receive
subscriptions for $,500,000 of the 8 percent cumulative preSewing Machine
ferred stock of the Demorest Publishing
Co. The preferred stock is the only one offered for public
subscription, the whole of the common stock being retained
by the present management and associates of the company.
The preferred stock having naturally a first lien on the assets
of the company, it takes all the profits' up to 8 per cent before
any dividend can be paid on the common stock. The
Demorest Publishing Sewing Machine business is of
many years standing, and since its establishment has been
The certificate of
an uninterrupted growing success.
the public accountants shows that the business is earnyear—sufficient to pay the
$100,000 per
ing over
8 per cent dividend on the preferred and a like dividend on the common stock and leave a large surphis. The
preferred stock is divided into 20,000 shares of $25 00 each,
which are now offered for public subscription. The subscription books are now open and will close on August 10th or
Week
Week
Wer.k
July 26,
236,059
July 27.
244,553
July 28.
246,661
292,979
631.60i
1.220,923
720.667
300.884
691.909
440,9fl7
2.059,426
Total
17,9''3
l.i.430
18,6#
27,954
2.182,133
1,756,844
240,894
931,983
9.658
10,540
1,
634,072
The recoipta of fiour and grain at the seaboard porta for thf
veek ended July 25, 1891. follow:
Kyc,
Oati,
Barley,
Flour,
Wkeat,
Oom,
At—
VewTork
buth.
bhlt.
bush,
73,746
44,878
29,367
36,842
905,500
bueh.
bueh.
491,100
77,282
111,286
70,561
87,641
39,025
37,811
613,100
129,795
20.860
69.095
10,100
5,018
30,890
Total week
240,184 2.375,369 917.706
Cop. week '90. 214.3911,280.067 1,616,882
879,156
336,651
BDaton
Montreal
Philadelphia.
Baltimore
Blohmonrl
....
3ti,418
•w Orleans..
3,125
15,808
1,008
208,462
99,168
784,018
12.371
364,813
bush.
2,186
l',230
9>0
2,775
16.203
1.200
1,601
464
Oom.
/rim—
ewTork
Boston...
Portland.
Montreal.
PhUadel.
Baltlm're
H. Ori'nB.
Bw\.
937.567
11,952
Buih.
374,275
99,339
......
66,216
24.000
302,977
314.625
•
8*1..
53,137
38,085
Oaf.
22,607
12,183
SutK.
4.397
Bye.
Pea-
BuiV
But-
17,156
4,525
&
Co. offer to investors a large line
—Messrs. S. V. White
of high-grade investments, paying 5 to 8 per cent, which have
had their careful investigation.
—^
and Brooklyn Was Securities— Brokers' Quotations.
Bid.
GAS COMPANIES.
Bid. Ask.
9AS COMPANIES.
,
I
People's (Brooklyn!
104
iWllIiarasburg
105
6s
Bouiis,
Metroi)olican(Brooklyn).. 80
103
Municipal— Bonds, 7s
93
80
102
83
98
ConaoUilated Oas
Jersey City A Hoboken.. 170
110
IdletropoUtan— Bonds
117
MatnaKN. Y.)
100
Bonds, 68
130
Sfassaa (Brooklyn)
96
Scrip
'
'
113" Fulton Municipal
120
Bonds, 6s
;Equitable
103
Bonds, 68
98
9,32'8
2,200
112
lUO
117
106
71
109
109
95
105
118
105
130
108
ll
Auction Sales.—The following were recently sold by Messrs.
Adrian H. Muller & Son
:
33
40
20
10
Shares.
Shares.
Merchanta' Nat. B»nk...l49»a
Mechanics' Nat. Bank.. -.200
303
Nut. Park Bank
Nat. Shoe & Leather B'k.14513
B'k of New York, N. B. A 230
207
Bank of America
Importers' <fe Traders'
290 United Eleo. Trac. Co.
Truit Co. receipt). $25
50 Standard G. L. Co.. com. 39*4
100 C0U80I. Eleo. StorsRe Co.
$4 25 per share
35 Brooklyn City BR. Co.. ..160
Bonds.
$1,000 Little Miami BR. Co.
113
58, 1912
$41,000 Staten Island Bapid
1946...
25H
Transit inc. bonds,
$10,000 .aidlaud By. of Ind.
(Atl.
.
5
•ZO
Nat Bank
526
.'
2 Nat. Bank of Commerce 184
5 Bank of the State of N. Y 1 08 ?i
5 Boston & Prov. RB. Co..247i«
160
2 Old Colony KB. Co
.
SawMufl
238
• •
95
J&J
attft lifittattcial.
THE MERCANTILE NATIONAL BANK
OF THE CITY OF
.•
NEW
YOK.K,
No. 101 Broadway.
..
797,315
161.328
4.397
26,482
6,725
710,389 1,233,454
134.209
1,569
23,947
66,839
supply of grain, comprising the stocks in grana' y
at the principal points of accumulation at lake and seaboa d
ports, July 25, 1891:
$1,000,000 surplus ^Proflta, $950,000
FREDEBICK B. 3CHB."«CK, Cashier.
JAMBS v. LOTT, Assistant Cashier.
ACCOU.oiTS 801.ICITED.
•
Capital,
fohweek. 1,657,337
8'me time
1
Brooklyn Gas-Llght
Oltliens' Gas-Llght
Bonds, 58
......
20,642
10,111
38,815
H.Newe..
Blohm'd.
1890...
—Messrs. Winslow, Lanier & Co. will pay interest and dividends on a large number of securites, advertised in another
column.
l6t58, 1917,
Flour.
•••
230,360
50,800
42.866
125
earlier.
13
4.005
5,351
Tbe exports from the several seaboard ports for the W' ek
•adioK July 25, 18U1, are shown in the annexed statemt m
Meporti
&
W. V.
Week
1,128,655
9,381
21,303
Bwler
Bye
I
WILUAM P. 8T. JOHN, Prajldent.
I
visible
lf*«ai,
In store at—
VewTork
Do afloat..
Albany
Buffalo
OhloaKO
Ullwaokee
DatmUi
Obw»«o*
Lools
Do
aSoat....
Onolnnau
btitk,
193.965
60.200
12.000
885,312
165,096
2.142,001 1,141,182
6<<,03t
1,949
908.U97
171
Oats,
Hye.
bush.
busK
407,287
49.100
14,800
56.227
318,951
10.084
115,040
15,978
157,738
110.328
35.000
486.087
82.80Q
25,994
227.389
161,757
6.110
3,000
12,995
5,000
8,661
45,291
IV 5.274
77,779
63,544
2,000
1,607
43,815
328,1140
"3,391
82,453
9,123
96,239
15,633
,
btm.
THIRD NATIONAL BANK
OF THE CITY OF MEW YORK.
$1,000,000
Capital,
B.WOOD WARD
President.
Cashleri J. FRBD'KSWBA3ir....A88t. Cashier.
Accounts solicited and careful attention to the Interests of Oeposltora
J.
i'l'ooo
9ol..'>24
Toronto
Montreal
Birt
8,748
1,106
3,057
15.233
5,301
""189
Philadelphia
Oom.
827,996
98,300
Boston.
Peoria.
260,060
BarUf,
Bye,
Oats,
bueh.
38.280
121,714
81,040
118,82:1
OaHlMlulppl...
On Lake* ..;....
1888.
July 25.
223,635
443,840
456,267
bnah.
Wlieat
Com
1889.
1890.
1891.
Bt.
0am,
Wheat,
btuh.
In itnre at—
(ndlanapoUit
K»n«aa Cltr
Baltimore
,
oou.
The
147
Imporlt,
Expurlt.
Oreftt Britain
1
THE CHUONICI^
1891.]
1,
BUver.
WMt
9
:
1,391
832
27,878
HIItRT CHAPIN, JB
guaranteed.
74,335
156
8,148
Spencer
and
Noa. 16
13,266
3,588
7,604
27,184
5,479
"2; 11
ALBANY
N. T.
TRANSACT
Trask
BANKERS.
18
Broad
Street,
SARATOGA.
A OENBRAI4
N. V:
&
Co.,
New York
Cltv.
PROVIDBNCB,
B. L:
BANKING BDSINESS.
All glasses of Securities Bought and Sold on CommlMlon. 8p«Jlal altentlo*
flTen to liiTestment Securities. Direct "Ire toeaou oiBoa and to PalUJalphla
Boston and Chicago
"
..
THE CHTIONICLR
148
July 31.
Payable.
(Days
inclusive.)
Rallrnad*.
C hieago Burl. & Quincy (qnar.).
Flint & Peie MarqiKtte (pref.)
Eomo W. & Ok. (qiiav.) guar
Bt.
&
Paul
Bank
1
lifl
Dulutli prcf
BankK
3I2
Manhattan Company..
of
3
3
Lincoln Nnllon:U
Jf. Y. Kationnl Excliange
Aug.
Aug.
15 Aug. 2
15 Aug. 1
Sept.
IjAug. 5
Aug.
Aug.
Aug.
7 Aug. 2
1
3
to
to
to
to Aug. 31
to Aug. 6
to July 31
to
Fire Iiisuruuce.
Aug.
Peter Cooper
Kew
miNrellB neons.
England Telephone & Tele
Proctor
&
Aug.
Aup.
Aug.
Gainhle (commont...
Tlionison-IIouf ton Elec. (Com.).
STREET. FRIDAV, JULY
WAI.L.
Money
Tlie
31.
to Aug. 14
to Aug. 15
to Aug. 15
1891-5 P.M.
and Financial Situation.— The
week lias been the decline in our stock
M-irket
principal event of
market.
to
1
15 'Aug. 1
15 Aug. 2
15 Aug. 6
tlie
The extreme dulness
in business
had continued
long that a vigorous attack on a few stocks had the
any supporting
merely of their
effect of
own weight from
The hammering
orders.
of stocks
lack of
by the
bears on a free and open discussion of their merits and de-
merits
in the
is all fair
war
of Stock
Exchange operations, but
the circulation of false reports and whisperings is not fair,
and when one party or the other uses such methods to bull or
bear stocks, the authors of the baseless rumors ought to be
followed up vigorously and brought to justice.
Last week we quoted a hopeful view of our stock situa
tion from an English circular, and there is little to add
to that except to say that the best view of our crop prospects has up to this time been fully justified the receipts
of wheat at interior cities this week will aggregate about
7,000,000 bushels figures quite unprecedented at so early
a date in the season. It is also to be remarked that
the relative importance of a tight money market, or a
"lack of confidence", as compared with crop failures or
an Inter-State Commerce Law, on the actual value of railroad
property is hardly worth discussing, though the former
may exert for a time even more influence in depressing prices
than the latter. In every period of extraordinary buoyancy
or depression in stocks it is worth while to ask the plain question whether the movement arises from facts bearing on the
actual value of the property or whether it is the result of
;
—
market influences.
The open market rates for call loans during the week on
Stock and bond collaterals have ranged fr(5m 1 to 3 p. cent, the
average being IJ^ p. c. To-day rates on call were 13^ to 3 p. c.
Prime commercial paper is quoted at 5%@6^{ p. c.
The Bank of England weekly statement on Thursday showed
an increase in specie of £343,000, and the percentage of
reserve to liabilities was 43-47, against 43-01 last week; the
discount rate remains unchanged at 3J^ per cent. The Bank
of France shows a decrease of 1,000,000 francs in gold and
an increase of 1,100,000 francs in silver.
The New York Clearing House banks in their statement of
July 35 allowed an increase in the reserve held of 1706,600,
and a surplus over the required reserve of §19,710,835, against
118,489,675 the previous weefe.
1891.
VDifferen'tfifom
1890.
July 25.
1889.
Prev. week.
July 26.
July 27.
9
$
60,772, 700
60,812, 700 60, 762.700
04.147, 800
60,526, ,500 54,,630,100
I/oans and dlsc'ts 300,591, 400 Deo.l, 887,600 400,030, 300 416,
,761,300
Circulation
3.!)13,,000 Inc.
181,300
3,600 ,200
,940,600
Het deposits
406,754,,700 Uec.2,05(J,-200 408,891, 500 437, 301,700
Bpecie
Bfj.s.sg. 000 Inc
73!i.200 76,519, ,900 74, 239,200
lie«al tenders
53,(j60,,000 Dec.
32,600 32,726: ,100 44, ,175,300
Beserve held
'l2i,399,,000 [no. 706,600 108,276i.OOO
116,
I«gal reserve
101 ,C8S,,675 Dec. 514,050 102,222,870[109; 414,500
325,425
Capital
Burplns
j
'
.
j
I
1
•nrpiPg reserve
.|
19,710,325 Inc
.
1
,220,650
6,053,1251
7,089,075
Foreign E.\change.— Sterling bills have been quite dull
but rates generaUy steady, and now a trifle higher than
last
Friday. No gold has been exported this week. Actual
rates
for exchange are: Bankers' sixty days sterling, 4
843^04 84i^flemand, 4 86)4(24 86}^ cables, 4 86i^@4 87.
;
®4
87 Uj.
Paris banliers (francs)
5 22'fi®5 2178'5 193835 18%
40ii*340ie
(guilders) bankers
405)/i«403»
95iaa95'8
Frankfort or Bremen (reichmarks)b'nker9
9478»95
I
I
The following were the rates of domestic excnange on New
York at the undermentioned cities to-day: Savannah, buying
New Orleans, commercial, 60c,
bank, 50c. per §1,000 premium: Charleston, buying par, selling ^^ premium; St. Louis, 35c. per §1,000
premium Chicago, 50c. per §1,000 discount.
United States Bonds.— Government bonds are steady. Tha
registered 41^ per cents are quoted ex-September interest at
99?g, which is about equal to par.
the closing prices at the N. Y. Board have been as follows :
premium
par, selling 1^ to 34
per §1,000 discount
;
;
;
Interest
July
July
July
July
July
July
Periods
25.'
27.
28.
29.
30.
31.
Q.-Mch. 10058 '100=8 IOOI2 'loo's *10058 'x99ia
Q.-Mch. 10058*10058' 1001a '100=8 'lOOSg '1005s
'117
Q.-Jan '11732 II714 11714*117 *H7
'117
48,1907
coup. Q.-Jan '11712 "117141 II714! 11718*117
'110
•110
110
*110
6s, cur'cy,'95., ..reg.
110
110
*112
'112
'112
'112
112
68, cur'cy,'96. ..reg. J. & J. 112
'114
*114
'114
114
114
63, cur'cy,'97., - .re.g. J. & J. '114
•117
'117
'II6I2 117
'117
6s, cur'cy,'98., -.reg. J. A J. '117
*119'9 '119i« '119
11913 '1191*
6s. cur'ey,'99.. ..reg. J. & J. '119
•Chisls theurioe Dldactaemornmit Board; ao sale Wiv* uialo
Coins. The following are the current quotations in gold for
various coins:
Sovereigns
$4 86 ®$4 90 Pine silver bars.. 100 8 1 01
Napoleons
Five francs
93 S — 94
3 88 « 3 92
XXKeiohmarks. 4 74 ® 4 78 Mexican dollars.. —78 «
79
—
®
25Pe8eta9
4 78 -a 4 85
Do uucommerc'l —
— 75 a —77
Span. Doul)Ioon8.15 55 815 75 Peruvian sola
Mex. Doubloons. 15 50 -815 70 English silver.... 4 80 a 4,90
80
Finegold bars... par ®i4 prem. U.S. trade dollars — 78 »
4149, 1891
..reg.
4I2S, 1891.,.., coup„
4s, 1907... ^.., ..reg.
I
I
so
knocking them down several points, and then the weaker
specialties followed
,
4 85 3 4 851a 4 87
4 8314^4 S3is
4 83 ai 83I4
Amsterdam
Sool-s Closed.
Fcr
Demand.
Sixty Days.
Prime bankers' sterling bills on London
Prime commerciaV
Documentary commercial
DIVIDENDS.
Cent.
LIU,
Posted rates of leading bankers are as follows:
ghje M^nhtvs' ^ai^jette.
Name of Company.
[Vol.
I
—
—
—
—
—
—
Sales of state bonds include
$10,000 Ala., class "A," at 101; $13,000 class " B," at tOr,%-Jg-,
§10,000 S. Car. 6s, non-fundable, at 3; §27,000 Tenc. settle. 3s,
at 67-671^
do. 63 ($1,000), at 101
§3,000 Va. 6s, def. Tr.
State and Railroad Bonds.
;
;
6%.
Railroad bonds have still further declined, in some cases
keeping pace with the weakness in stocks. There is little
new to be said about the prices of bonds except that they are
very low compared with the range of former years, and
where the bonds are payable in gold and the companies
issuing them are abundantly able to earn their interest,
the bonds become a better purchase the lower they are
forced down by the weakness of the stock market. With
railroads as old and having as diversified a traffic as Atchison,
Northern Pacific, Chesapeake & Ohio, and some others less
prominent, bond buyers ought to be able to form a tolerably
receipts,
certain opinion as to the extent of their earning capacity
all probable circumstances in the future, and this
opinion, once formed, need not be shaken by the fluctuations of
the market; indeed, if the estimate of a company's fluancial
strength and earning capacity is approximately correct, the
lower its bonds go the better the opportunity for the buyer.
These remarks are mere generalties, but they seem to be
more pertinent to the present situation than a lengthy rehearsal
of the variation of prices on the tape for the week, and as to
the closing prices of to-day they will be found in the table on
another page.
under
Railroad and Miscellaneons Stoeks.— The stock market
has been much depressed, and prices of a few stocks have fallen
even lower than in the panic of 1890
But with all the talk,
aided by the circulation of false reports and rumors, the actual
decUne effected in those leading stoois against which the
attacks were chiefly directed has not open very large. Burlington & Quincy has been hammered for two" weeks and its
price is now 79 Jg, against 85Sg a fortnight ago: St. Paul
closes at 61 1^, against
6.3
last
week
Rock
;
Island at 69^^,
Northern Pacific pref. at 59''4, against 637^ and
Union Pacific at 40;^, against 41J^ a week ago. Richmond
Terminal, one of the "fancies," has declined relatively more
and closes at 11)^, and Chicago Gas, with its somewhat uncertain prospects, has fallen to i5%, while some of the other
specialties have yielded on the sale of a few hundred shaies
merely for the lack of supporting orders. There was a much
better tone today, though prices were not fully supported till
the close. No very deep analysis of the stock situation is required. There had been a long-continued period of stagnation,
with small change in prices, when the bears thought it a good
time to force prices lower, and they accordingly attacked a few
leading stocks, with the results above mentioned. The lack of
confidence in London and the absence of buying orders from
that side of the water has much to do with our weakness
in stocks and bonds, and investors both at home and abroad
seem inclined to wait until the effect of our good crops actually
materializes, in the shape of increased net earnings on the railroads, before they enter the market as liberal buyers.
There
has not been time yet for many reports of net earnings from
out of the new crop tonnage, but gross earnings on some of
the roads are increasing heavily. Among the " unlisted
National Lead Trust has been most prominent, declining
sharply on the proposal to reorganize as a corporation, with
130,000,000 capital and §3,000,000 debenture bonds. Silver
bullion certificates have shown but a moderate business and
against 71=^
;
;
'
close at 100'^.
—
...
ACOUST
THE CHEONICLE.
1891. J
1,
NEW YORK STOCK
149
EXClI\NllE-.iar/rjff 3T0CIK3 tor week enUng JCTLY
itl,
ani
HIQHEST AKD LOVMSt FBIOBB
STOCKS
HK.
Arllv4>
AWiUoli
Toi>.
Canndlan
Cauadn
Storka.
Fo.
A- ."iililft
Paililo
Atlaiillr
AI'liclllc
Central
* O., vot. tr. eert.
do
do
I)o
A
1st pref
Chlcatto
CluuaKo
HiirlliiKtoii it Qiiliicy,
CliloaK'"
A
llliiiola
—
prcf.
I)(i
CUlcago Milwankoe * St. Paul.
1)0
Caitoaito Jc
Ijo
prcf.
NortUwcsteru
pref.
CbtcaKU Rook Island & Pacitlc,
ClilcaKo St. Paul Minn. & Oni.
Do
pref.
Clevc. Clncin. Chlo.
L.
<t St.
Do
.
pref.
Tol.
Columlius nocklnK VaT.
Delaware A: lludnon
St.
Delaware I, iiiUawauua&West
Denver A Kio Grande
Do
pref.
East Tcuueseee Va.
>tE
Do
Do
3114
414
8038
471a
lOS
10
'iSH 4S
2»
130
127
ton
Kastorn
16
•27
'2di)r«f
.t
I
5>«
80»a
47'«
lOyJs 109
•80«« 31 >a
Now Jersey
Vo
33
'i.'t
iTt
I'ftcltlo
Chesappako
July 27.
3l"g
•90
fimllierii
OentrHlof
Monday,
Batnrday,
July 25.
Ga
Istpref.
2d prcf.
EvansvlUe & Terrc Haute
BO'S
631a
nilnolH Central
Iowa Central
1>4
•i»3
0258
110^
63
iim
l()3!li
104»e
132
131
71
*22ia
71's
25
82
•80
58%
593s
31%
4>a
8OH9
•419
*80i4
47ia
47%
108
311a
45
27
12s
451a
24
1311a
•111*
42%
5I4
•30
31
"10
884
93
95
'6
*22
•13
8
804t
48
108
•80
15>6
44
44
42
•26
128
20
130
79%
8II4
88
93
Ola
15
421a
5
4413
11
128
pref.
Louisville St. J.oula
& Texas.
Manhattan Klevated.coDsol..
Hexlian Cent r.il
HIcUKan
Central
Uilwaukee Lake
Hh.
Do
Mtnneai>oli8
&
&
West..
pref.
96
97
»87
•70
....
80
*«7
•70
104
lOSiji
104
New York Ci^ntral & Hiul.1011
Kew York Chic. &. St. Louis
.
Do
Do
1st pref.
2d pref.
Kew York Lake Erie & West'n
Do
„
Kew York & New
pref.
England
'31a
pref.
Kortheru Pacific
Do
pref.
Ohio & Mi.s.stssippl
Ohio Southeru
Oregon R'y & Navigation Co.
Oretcon .Sh. Lli)»&Utah North
Peoria Deca'ur & EvansvlUe.
Phila. & Head., vot. trust, cert
Pittsburg Cinu. Chic. & St. L.
Do
pref.
Pitts. «Si West pref. tr. certs
.
*538
6158
35% 35%
•514
51s
4413
441k
10% 10%
87 1«
931a
-6
•20
13
21
96 14
80
104
•34
OS's
3514
80
100
•10
65
13
80
98=8 99
•10
13
O7I2
•65
20 1«
671a
'25
23
18
-45
25
•181a
•45
224
10
*7
18%
50
32
228
10
29
*48i4
49
23
•22
63I3
•1714
*14
•0919
221a
17
3118
224
10
7
27
71a
•27
13
48I4
21%
6214
63^8
U719
'14
-69
•221a
lOia
22 la
17
28
•I308
14I2
35
39
•i3ia
35
I8I4
50
31%
228
16
7
27
15
119
88I2
42%
5%
40
1038
90
93%
7
•6
•20
*"9'8**
18%
45
25
130
31
42
22
48
127
127
23
70
61% 05%
35%
35
22
18%
*45
31%
13
OS
20
18 14
50
32I4
2319
lOia
•2234
21
61 34
10
4^14
22%
6314
18%
17
71
24
10
27% 27%
141a
14
35
lOis
11%
58
KomeWatert.&OKdens.-Neiv 108
108
135
105
•125
108
135
7%
2038
34
14
93
978
5
•40
10
40
10
•88
I8I4
89% 89%
89
94
8
0
94
•0
55
55
53
53i<^
8
20 24 20 24
12% 13% 12% 12%
55%
100% 107% 100% 107%
96
96% 96
95% •95
09% 07% 08=8 6778 69
18
18
20% 18% 19
76
103
4%
9%
95
96
18
87%
87=8
'
'70
100
3%
7=8
14
13
20%
20
64
35
80
75
9773
68
20
18%
05
22
1779
'45
9778
87
•70
76
105
4%
7=8
13=8
100
70
105
•3
5
8%
8%
2078
2078
0478
•12% 13%
20
05
04
35
80
'
'•'75
34%
80
98% 98%
98% 98%
12% 12% 11
65
22
40
10
114
'
93% 93%
•11
13
05
26
18
50
64
22
13
04
22
17% 177a
48% 48%
31=8
3178
31
31
225 228
224 228
228
15
15% 14
14% 14%
0=8
078
7
6% 7
22 20
20
25
25
•12
13
14
13
13
46% 46% 4634 46% 47
47
20=8 21
20% 2078 20% 20%
60
61% 593a 603a 58% 60=8
17 14 •10% 17% *10% 18
17
13
•13
13 18
18
18
•69
08 70
71
69
69
3178
22% 22%
•15%
17
27% 27%
13=8
13=8
22% 22%
15
15%
26% 27%
12^
14
34
39
11 '4
34
39
33
11
1138
56% 57%
66
57%
10=8 11%
56% 57%
103s
40% 41%
•5
5%
42
108
64% 65 14
34% 3478
31
'224 228
225
15=8 153s
15
0% 7% 7
26
26
20
•12
14
12
•47
14%
5
1314
98% 98% •98%
28
55
-3%
•75
•11
•05
"I314
40
90
95
7
24
1738
13
21
13% 13%
40
514
97%
13%
•7%
•14
•09
12^8
15% 15%
26
2634
•10% 14
33
34
10%
11
56
56
If
Bio Grande Western
Do
„
prcf.
&
St. I,oui.< Alton
T. H., prcf
et. Lou. A- San Fran, ,1st pref.
Bt. Paul it Duluth
_
„ Do
pref.
Paul Minn. & Manitoba
Southern Pacitlc Co
Bt.
Texas
it
.
!
pref.
.
934
met'
22 la
22 12
Erie.......'.
301a
7418
•lOia
30%
Do
pref
Wisconsin Central Co....
iniiic«llunnonii Slocks.
American Cotton Oil Co
1*0
'
pref*
SuKarRef.Co.,toiup.
pref.,
temp.
ctfa.
ctfs.
Cnlcai?o Gas Co
..
,
Color.ado Coal i
Consolidated (ias Co...
Distilliuit it Cattle Fced'gCo
Bdlson General Electric... "
Katlonal Cordage Co
Do
Katlonal Lead TriLst
Pacitlc .Man
Pipe Line Ccrtifleatos'i I!."!"*
Pullman Palace Car Co
*
Stiver Bullion Certificates
Tennessee Coal
Do
&
Iron
'.
99% 99%
74ie
4114
4178
19
*
22% 2238
29% 30 19
73=8
*16ia
99
99
103 101
30
30
14
1178 12
I714
19
3738
781a 80%
88I4
87% 87%
481a 48% 114638 48%
30M 3019 29% 30%
9314 9314
92% 93
46
46
45% 46
45
70
l^esc are the prices
Hlgheat.
24=sMar 10
250
4% July 27
400 72% Jan. 6
1,292 4738 July 30
6,039 05% June 29
29 Feb. 24
1,940 14% July 30
1,407 42 July 29
60S 22 July 31
7 123 May 12
54,660
34(\|Aiir.
as
U
6 Jan.
82=0 July IS
52=8 Apr. 97
122% Apr. as
31% Apr. aO
107„ Keb. 9
54% Feb. 10
34% Feb. 10
130
108
30
70
30
30
99
103
•97
102
97
102
•978
105^
22%
22=8
3038
30
10
17 14
17% 18%
35
45
50
•76
4238
35
79% 80%
87%
87
46=8 47%
29% 30
93I4
41% 42%
15
15%
10
2178
10=8
2238
29% 30%
72% 73%
15% 15%
17% 18%
35% 35%
79% 80%
87
108
125
87
44% 47
28% 30
70
30%
100
102
30% 30%
11% 1134
13
•45
76
13
50
70
•25
97
103
25%
100
105
30% 30%
11% 11=8
14%
13
50
•76
39% 4138
14% 14%
978
xl05%105%
125
'
978
21=8
3978
4078
15
15%
9-
973
21=8
20%
21
29% 29% 29% 297e
72% 73% x71
7r
15
15% '15 ...
18
18%
35% 36
77% 7938
87
87%
43% 44%
27% 28%
92% 92%
45% 45%
98% 98%
88
88%
18
IS
35% 35%
76% 77%
88
88
134,282
90
22
74h 120
1,400
Jnly 27
July 31
175
180
100% 100%
'175
180
177
IOOI4
10038 100%
30
28
29%
83
83
80
80
793a 79%
bid and asked no sale made
25
23
'176
180
177
177
175
175
Jan.
25
12
1
27
22
6
9
32,528 1303« July 27H403H Feb. 9
200 13% July 301 2038 Jan. 12
2,85(
40 July 30 6378 Jan. 14
41.')
5 July 30
8% Jan. 14
33
42 July 20 66 Jan. 14
760
978 July 30 1 9% Jan. 14
710 111% Feb. 6 1 29 Apr. 2
491 72 Jan. " 92% Apr. 9
530 90 Mar. 9 103% Jan. 14
50
6% Jan. 10 9% Apr. 21
150 20 Jan. 3 30 May 1
718 12% Jnly 31 15% Feb. 5
2,655 53 July 31 61% Apr. 28
6,550 xl05%Jno30 113=8 Feb. 9
200 80 Jan. 3 99 July 6
55,117 67% July 30 8238 May 1
975 18 Mar. 9 29% Apr. 27
5 Mar. 24 18 Jan. 15
795 95 July 30 109 Apr. 6
400 17=8 July 29 24% Jan. 4
250 87% July 30 96 Feb. 3
70 May 21 93 Jan. 15
310 98% May IP 111 Jan. 14
6% Jan. 10
37h Mar. 18
160
7=sJuly 30 12% Jan. 14
100 11% Mar. 14 16% Apr. 30
20 May 1
1,910 19% Mar.
17,025 00% Jan. 2 73% Apr. 27
700 26 Jan. 2 44% June 3
200 80 July 24
May 29
933 98% July 28 104% Feb. 3
25 11% Jan. 2 14=8 Feb. 10
400 57 Jan. 2 70 Jan. 29
330 23 Jan. 2 31% Feb. 10
3,390 17% July 31 22% Apr. 28
100 47% June 29 50% Apr. 28
18,485 31 July 30 41% Jan. 15
•225 July 6 271 Feb. 3
3,6*36 14
July 30 18% Mar. 17
1,770
6=8Julv 30 11% Feb. 17
260 26 July 28 40% Feb. 18
50 13% July 1 16% Jan. 14
70S 46% July 29 57% Jan. 14
10,528 20% Jnly 30 30 Jan. 14
57,306 58% July 31 74 Jan. 30
100 15% Mar. 11 197a Jan. 17
14 Jan. 2 18 Feb. 7
100 05 Mar. 9 82 Jan. 12
641 19 Jan. 5 30 Apr. 28
1,275 14% Jan. 7 22 Apr. 23
10,135 20 July 31 35 Slay 1
200 12% Jan. 7 1838 Apr. 27
0478 Apr. 27
48 Jan.
508 28 Jan. 8 40% June 17
55,550 10% Julv 27 19% Feb. 7
2,820 55 July 27 70% Feb. 10
23 Jnn. 2 44 May 1
55% Jan. 2 74% Apr. 30
114% Apr. 18
I105%jHly31
200
122% Jan. 3
120 Jan.
70'8 July 15
10
55 Feb.
215 24 Jan. 15 30% July 6
Jnly 27
99%
105 85 Jan. 5
6
317 100 Jan. 2 111 Feb
33%
June 15
2,030 23 Jan. 16
4.125 11% July 27 16% Jan. 14
1,100 13 Juno '30 20% Jan. 13
45 Apr. 6 01 Jan. 13
78 June 8 88 Feb. IS
53,750 39% JiUy 30 52% Apr. 28
1,330 14% July 30 24% Jan. 14
200
8=8 Mar. 10 11=8 Apr. 25
13,635 1678 Jan. 2 24 June 15
3,600 29% July 30 37% May 5
2,170 67% Jan. " 79% Apr. 27
1,700 15 July 30 23%Jau. 14
no
3,330
2,405
20,286
689
29
53
1578 Jan.
33% Jan.
57% Jan.
8.>
200 175
100% 100% 100% 100% 100% 10038 525,000 90%
11,423 24%
24% 28
24% 25% 25% 27
79%
||
Apr. 22
Apr. 23
92% Apr. 10
96
Fob.
June 9
55% June 18
39% Mar. 16
99=8 Apr. 30
Jan. 12
Feb. 5
49
111
104
May 27
110% May
7
21% Jan.
19% Feb.
32% May
41% Feb.
17
13
1
8S
Feb. 10
July 3lll96% Jan. 14
Apr. 22,107% Jan. 14
JiUy 30i 39% Jan. 16
Jan. 6 88 June 15
Jan. 2I 83 Apr. 80
,
30 80
79
78% 79% 78% 78%| 6,837 70
793b
Trust receipts
Prices from both Exobanges. xExdiy. I Ex rights.
7873
^
180
98
1
1
1
29% May 6
June 29 139=8 Feb. 7
43% 46% 52,355 31 Jan.
3,430 27% July
27% 30
92%
92=8 92=8
92% 92% 1,108 92% July
45=8 45=8
45% 45=8
45
5,570 41% Feb.
45
'100
99 100
100 101
103
90% 96% 1,293 88 Jan.
8Si4
SiiU
88
88
88
88%
86% 88% 10,035 73% Mar.
•98% 100% 100 100
100 100
445 99% July
100 100
100 100
14% 15% 14% 15% 14% 15
34,470 14% July
15% 17
14% 15
12=8
1134 Jan.
12%
1178
15,591
12% 12
12%
ll'e 1314
12%
127e
25 30 "25 29 •23 30
200 15% Jan.
20
20
20% 20%
31
33
33=8
31%
J.'tn.
33%
33
32
3,790
33
3414
32% 33
62% 64
62% 63
59=8 62=8
60 278,000 59=8 July
04
07
60
lOOie
29^8
i
50
41=8
10
pref
W*iter n Union Telegraph
107
125
30% 30%
11% 117»
14
13% 13% 13
16
85
IOOI4
I718
13I4 I3I9
*25
29
•3414 341a
67 14 077s
34%
73% 74
7918
8814
102
88
30%
135
70
17%
38
38
125
73=8
19% 20
78-'8
102
88
pref* *99
17
Korth .\nierican Co
OrcKon Improveoiont Co
341a
103 14 103 14
301^
29% 30
1238
11 12 12
15
131a 14
*45
50
50
•76 ....
9%
'
SO-a
100
lOD
[
'
^^^-
Do
12
•14
•45
•70
30'8
4218
I7I9
Wabash
Am.
•95
101
41%
Union PaclUc Denver & Gulf
WhcellngJkLake
*30i3
29%
Paelllc
Toledo Ann Arbor & N. Micli
Toledo &. Ohio Central
!">
„
Union Paeiflc
125
Loweat.
270
91
22
120
91
22% 22%
23
126
130% 131% 130% 132
103f.
1768
87
70
100
13
21
70% 80%
80%
03% 63%
91
91%
60% 61=8
46
95%
3% 1044%
17
71
58
pref.
31«s
14% 14%
117% 117% 114% 117
93 1«
104
17%
11%
Do
•87
•70
48I4
2212
633e
18ii
57
Rlohmoud&WeatP'tTerminal
98
41s
80
100
Sl'iB
. .
Kew York New Ha v. & Hart.
Kew Y'ork Outario & Western
Kew York Susquehan. & West.
Do
pref.
Korfolk & Western
Do
05
128
79
803e
•90
9514
013
*8
•3
10
10
Do
pref.
MO.K.& Tex., ex2dm. beuds. •13% 14I4 I3I4 1414
22
22
201a 21
Do
pref.
Missouri Pacific
Mobile & Ohio
Na8hv.Chattanooi;a&St. Louis
•43
•21
22%
IT'S
i.'v
•30
31
14% 15
...
223e 23
1201a 1261a 127% 12714
130''8 132
1303e 1317b
•1414 14%
14%
43%
427e 42''8
89
19»2
'313
Louis
St.
go-a
21
13
24
•30
1514
79%
63% 64
24
13I4
12%
13
131-i
Lake Krie & Western
55IQ 551a
55
.5018 501*
55 M
55%
Do
pref.
IOSI4
108
107^8
108
107%
108
108
.Shore
Lake
& Mich. Southern.
•9519 9OI2 •95
95%
97
961s *95
jMDif Island
GO'S 701s
OS's
69% 7018 6938 70
Loui.^vllle & Nashville
22
19
20
19% 19% •19
Louisv. New Alb. & ChlcaKO.. -20
Do
303a
47^ 47% 47% 47%
100% 108% 100% 108%
48
110
43
25
130
24>s
31% 32
•4%
5%
4% 4%
•80
•80% 81
81
81
1514
Shares.
6
44
IOI2
5%
eoi4
Week,
July 31.
14
1
•14
421a
6
40
S>a
Friday,
July 30.
Jan.
132% 1303el31%
43 li
Sl% 82%
Thnrartay,
1901.
I,
Ranire of lale* In 1891.
75% Mar. 7 93% Jan.
04
900 41% Jan. 3 07% May
64
04
04
862 83 Jan. 2 970« May
92(4 93
90% 90%
92
91
91
02
01% 02 189,150 50% Jan. 2 60=8 May
62% 02 19 63
61% 62%
108 109
1,463 105% Jan. 3 115% May
Ill
108 108
llO^llO's llO'sIlO'e
103
5,172 102% Mar. 9 111=8 Apr.
1031a lOS's 1031a 1031a 10338 103% 102% 103% 103
132 134
13J 134
132% 132%
50 130 Mar. 18 138% Jan.
132 134
132 134
7138 72
70% 7176 69
71
50,700 6338 Mar.
80=8 May
70% 71% 7II4 72
91
OO.l^.
*22ia 25
»22ia
21
625 21 Jnly 30 29 Apr.
25
25
21%
•79
•79
•80
80
82
82
115 77% Jan. 29 80=8 Apr.
79
82
80
5838 13,98.' 50% July 30 6678 May
57
58% 5914 58I4 SS'e 56% 5.8
581a 59i«
'
i5io
Wednesday,
Juir '<<»•
I514
sola
eiia
00
24
127=8 12758 12Cia 127
•40
101a
107% lOS
10
27
130
3238
5
81
4719
90
24
8814
Great Northern, pref
63 la
31%
•sola
I514
7938
•03
01 la
81»9
Tuesday,
July 28.
JAX
ainee
Balei
of the
81
—
3
.
THE CHRONICLE.
150
July 31.
Range
1
{salet) in 1891.
Alabama & VtptburpH
Albanv & eusquehauna
Ask.
Bid.
^ Indirates iinlisted.
100
Highut.
Lowest.
!
35
162>« Mar. 167>*
100, ..... iro
95
Atlanta &Clinrlottc Air LIT. ...lOOi 92
150 135 June 140
Belleville & .«outb. 111. rref....lOO 135
99 June 103 ij
100
Boston & N. Y. Air Line prel
27
30 Apr. 30
lOOl
23
Brooklvn KlevatedT
37%
29 Jan.
100
33
t
Buffalo Eocbcster <t Pitts
79''8
100; 78J4 78>s 74 Jan.
Preferred
32
Apr.
40
20
25
100,
Burl. Cedar Rapida & Nor
1
!
10
5
14
50 150
152
100
California PaeiticIT
100
Cedar FallR A- Minnesota
Chic.& Atl.,Benef. trust reots.lT
&
Cleveland
Pitisburg
Columbia St (Jreenviile pf
Des Moines A Fort Dodge
Preferred
S.
Bbore
&
Atlan.H
Preferred^
Flint
100]
lOOi
100,
100,
»
51s
9
12
18
100:
Georpa Paciflclf
Green Bay Win. & St. Paul. ...100,
100;
Houstou & Texas Central
100,
Illinois Central leased lines
100,
Kanawha & Mleliii?an
6
6
7
31s
4
71s
16
6I4
100
100
Preferred
Louisv. Evnns. i St. Lo., cons. 100
100
Preferred
Lou.St.L.&Tex. See preceding page
50
Mahoning Coal
50
Preferred
25
Memphis & Charleston
100
Mexican National
50
Morris <fe Essex
100
N. Y. Lack. & Western
14
100
K. Y. & Northern pref
100
5
Feoria &, Eastern
lon
150
Pitts. Ft. Wayne & Chicago....
161s
June
78
6
5
2
00
14
Mar.
July
July
5
80
Keokuk* Ue» Moines
12%
Feb.
Feb.
Apr.
Jan.
4ifi
1
14
7
26
55
May
May
Feb.
Apr.
Apr.
May
June
6i3May
Mar.
96
16
4
May
Feb.
Feb.
Apr.
861s Apr.
8% Jan.
8i3 Jan.
4 Apr.
Jan.
July
Mar.
Feb.
Jan.
July
Feb.
Mar.
131s Apr.
301s Jan.
63 Jan.
Jan.
j
'
No
I
75
115
70
101
33
July
85 Jan.
Apr. 110914 Apr.
May
I
Jan.
5
1371s July
104 Jan.
20
16
5
149
7
40
'
1
Jan.
514
50
100
180
May
51s
12i»
SECURITIES.
New Central Coal
100;
Ontario Silver Mining
Pennsylvania Coal
Pbila. Natural Gas
100 36
50 S50
1014
:
j
50,
I
lOOj
100
Texas Pacific Land Trust
U.S. Express
Wells, Fargo Express
SECURITIES.
Ask.
Bid.
lOOj
100
100
City Bank Statement for the week ending July
foUow8. We omit two ciphers (00) in all eatet.
New
of
CatXtiL Surplw
t
York...
Manhattan Co
2,000,0
2.050.0
Merchants*
2,000,0
Mechanics*
2,000,0
America.
3,000,0
1,000,0
Phenix.
1,000,0
City
TradesiDen*B
760,0
Chemical
300,0
Merchants* Exchange
800,0
Gallatin National.. .
Butchers* A Provers'
Mechanics*
A
1,000,0
Traders
Greenwich
l«eatnei Manufact'rs.
Seventh National
State of New York
American Exchange..
Commerce
Broadway
Mercantile
Pacific
Bepnblio
Chatham
Peoples*
Kortb America.
Eanover
Citizens'
500.0
760,0
600,0
500,0
A
Fnlton
Bt. Nicholas
Shoe A Leatlier
Com Kxchauge
Continental
....
Oriental
Importers* A Traders*
Park
Kaat River
Fourth National
Central NatiooaL
Becond National
Ninth National.
:.
Vlrst Natluuul
Third National
N. T. Nat'l Kicbange
Bowerv
Hew
Yorli Connty
Germac-AmericaQ
Chase National
Vlftfa Avenue
Sarman Excbiuisa.
.
.
Germanla
8tMM
United
lilncolQ
Garfield
Fifth National
Bank of the Metrop...
West Side
Seaboard
Sixth National
Western Nationnl
First NaUoual,B'klrn
'"tat .„
300,0
400,0
200,0
600,0
300,0
1,200.0
6,000,0
5,000,0
1,000,0
1,000,0
422,7
1,800,0
450,0
200,0
700,0
1,000,0
500,0
800,0
Irving
Hassan
Market
New York
9 k Feb.
15^8 Jun»
Mar.
142
Jan.
150
Feb.
113
Jan.
123
Feb.
Apr.
41
80 14
98
781s June 821s
98 Feb. 101 Is
9 June 21
14''8July
26
9I4
June 80 Mar.
July
86 July
1938 Jan.
July
I0313 Jan. 1081s Mar.
27
28 July
231s Mar.
12 July
12!|i
201s Jan.
40 May
60 Jan.
18
16 Mar. 16 Mar.
20
191* May
15 Jan.
May 81 Jan.
731s 68
SO
32 July 4238 Jan.
12 Jan.
91s July
40
44 Jan.'
381s July
76
69
81
14
260
23
34
414
514
4
«0
33
86
14
14
17
50i«
62
138 141 137
30
85
Mar,
Jan.
Feb.
May 290
May
May
24
38
Fell.
Jan
JiUy
Feb.
O's Jan.
June
40
Feb.
19 'e Apr
Jan.
Mar.
June
70
145
Jan.
Feb
1,000,0
1,000.0
300,0
1,500,0
2,000,0
250,0
3,200,0
2,000,0
300.0
760,0
500,0
1,000,0
300,0
260,0
200,C
750,0
600,0
100,0
300,0
300,0
500,0
800,0
300,0
160,0
800,0
300,0
600.0
200,0
8,500,0
800,0
•
1.823,0
1,631.3
P00.7
Loans.
Speeii.
LegaU.
OtpoHtt.
*
i
»
S
12,*,!30.0
429.0
958,8
814,5
312.9
573.6
9,671,0
7.310,1
7,633,0
13.088,8
5,038.0
9,670.8
1,852.4
21,746.0
3,321.3
4,886,5
1,716,3
2,240.0
1,170.5
2,988.4
1,217.5
3,216,3
16,881,0
18,049,2
5.391,1
8,407,1
2,845,7
9,849.2
6,62 ;,2
2,386.6
4,014,2
l,«fl3,8
12,8.'i8,5
284,5
416,1
245,1
763.8
1,900,'!
2,128,0
442.9
2,Mi7,3
lOh.8
6,803,7
141,2
1,539,4
294.7
432,8
140,6
674,0
88,3
478,6
2,008,
3,271,5
1,0S1,4
967,6
2,030,0
1,902,0
1.257,3
2.71S,0
2,140,7
798,0
2,107,5
224.9
6,725,5
303.0
en2.7
570,9
140,0
200,7
284,6
262,6
176.6
1,270.0
729.0
518.0
957,0
1,343,8
786,0
4,429.0
264,8
2,888,7
672,3
738,6
2l8,e
245.0
108.0
344.0
109,6
523,1
2.186.0
3.754,1
283,8
4,ti4t.3
1,000,9
1,236,6
610,5
«.839.«
2,931.7
10.582.1
6,83«,2
3,152,6
4.663.6
1,075,1
14,764 6
3,211,(1
2.<0,8
339,8
1,188,1
1,453,8
812,0
32«,d
535.i
4,161.3
638,9
594.7
331.8
655,2
832,11
237,.?
123.)
244.2
'2,715,0
492.0
1,207,9
7,411,2
4,100.4
2,030.0
21,345,0
20,788,8
1,087.0
16.399,3
l,25i<.6
!i27,0
8,834,(i
28,2
151,9
499.7
673,0
290,8
1,013,3
845,9
600. B
474.2
532,
S5.-i,9
369.4
297.7
615.3
247,6
176,0
868,1
296.1
788,5
2,3li8,3
1.0611.9
369,5
194,3
33;,
640,1
271,0
458,0
5,120,9
2,622,2
137,0
1,843,1
5i5,3
363,0
283,3
9,8SS),0
7,199,4
7,944.0
12,6«9.6
5,278.0
13,039,0
Lf'Og.s
23,448.9
3,813,3
4,136,8
1,7P0.3
2,I30,U
1,147.0
1,338,7
2,«2s.6
13,327.0
13.728,1
1,917,0
424.1
3,104,0
2.803,4
2,710.2
8,802.8
1,834,7
292.2
416.2
12,010.0
1,027,2
224,6
3,048.8
3.017,2
4.003,7
1,838.7
3.337,0
8,684.9
4,748.2
I70.li
38<t,0
2,0110,0
3,947,0
2,833.3
111,8
4,755,4
6,938,0l 1.309,0
1,484,0 1,117,0
2,338.3
759.1
21,608,1 2,847,8
8,3X9,6
531,5
1,657,9
148,7
3,4U4,0
52il,o
A947,4
710.0
2,808.6
435.2
10,014,5 1,954.8
4,518,7
964.3
2.834,2
162.9
2,502,6
299.0
3,829,9
736,3
8,804,7 1,346,1
8,448,6
79f,6
1,938,9
256,4
4,217,9
714,3
2,009,0
400,0
3,696,0
642,0
1,576,0
201,6
10,089.5 1,349,8
3,739,0
693.0
2,197.0
6,475.7
21.814,0
26,339.8
940,1
17,569,6
7,721,0
5,2o0,O
3,002,1
21,108,3
3,131,4
49,1
flO.772.7 64,147.8 890.691.4 68,839
135.7
1,073,8
654,0
251,0
272,5
3,522,6
331.3
282.3
139,0
213,1
94.6
1,932,6
316.8
608,7
682,6
273.9
444.9
401,5
239,2
475.9
192,0
697,0
124.0
1,107,0
178,0
1,55.'>.3
2,*»5,0
3,371,4
2,421.6
12,169,6
4,HS8,2
3,235,^
3,005 9
4.I15;1.0
4.771.3
4,216,1
2,014,4
4,673,7
2,146.0
4,223.0
1,350 (1
8,785.8
3,571,0
63.060.0 406 J54
Loans.
389.930,3
393,880.8
11... 125.60H, 392.003.5
18 ... 126.525, 7 392.479,0
25.... 124,920, 5 390,591,1
"
Hd.
B.C. (cont.)— Brown con80l.8s.l893
96
1892-1898
Tennessee— 68. old
62
Comiroralse, 3-4-5 68
1912 72
New settlement, 6s
1913 101
5s
1913
3s
1913 67
Virginia— 6s, old
6s, consolidated bonds
68, consolidated, 2d series, recta,
6a, deferred, t'st reo'ts, stamped
N. Vork.'
125,608
June 27
July 3 ... 125.508
"
"
31.
Ask.
100
105
102
67%
Boston and Philadelphia Bank s:
City,
Capital m
Survl\u.
Barks.
Banks.
Bank
June
16% May
June
SECURITIES.
Ask.
Bid.
1906 100 lom New York— 6s, loan
1893 101
1906 105 106
North Carolina— 6s, old
J4J 30
99
Funding act
1906 97
1900 10
1920 1021s 1061s
New bonds, J. & J. ...1892-1898 20
15
6
Chatham RR.
Arkansas—6s,fund.Hol. 1 899-1900
3
7
do. Non-HoUord 150
190
Special tax. Class 1.
3
7
Arkansas
Central
KR
3
7s,
7
Consolidated 4s
1910 97 100
1914 105
Louisiana— 7s, cons
6s
1919 124 126
Stamped 4s
84
Rhode Island— 68, oou.. 1893-1894 101
87
1894-1895 101
Missouri— Fund
South Carolina—6», non-fund.1888
21s
Alabama— Class A, 4 to 5
Class B, 5s
Class C, 4s
Currency fondine 48
(00< omitted.)
719
31s Jan.
14
Apr.
Apr.
6
36
I
100
NEW YORK STOCK EXCHANGE rRlCES.—STATE BONDS JULY
New York
13
131s
May
Mar. 185
latest price this week.
price Friday;
25, 1891, i3 as
61s
16
10
15
in 1891.
nighett.
5 Feb.
261s Jan
6 June
7I3
100
100
Postal Telegraph— Cableiy
Quicksilver Mining
Preferred
1481s Mar.
110 Mar.
Mar.
22 Apr.
June
8 Jan.
Jan. 15214 Mar.
175
32
25
sales.)
{sates)
Lowest.
10<>
100
ITriscellaneoua Stock*.
100 :i48
Adains Express
39
AnierictnBauk Note CoH
100 }116i4
American Express
100
Am. Telegraph & Cable
American Tobacco Co.,pref ..100
100 t 9
Brunswick Company
Buckeye Pipe Line
72
Chic June. Ey. & Stock Yards. 100
100 81
Preferred
100
Columbus & Hocking Coal
100 tl04is
Commercial Cable
lOOi
24
Consol. Coal of Maryland
100 ; 121s
Laclede Qas
100
pref
Do
16
LeUgh AWilkes. Coallf
100 18
Maryland Coal
100 71
Minnesota Iron
lOO! 20
National Linseed OU Co
Jan.
15
6
15
261s
Ask,
Bid.
Indicates unlisted.
IT
Ranqe
July 31.
Pittsburg * Western
Rensselaer & Saratoga
St. Joscpli & Grand Island
St. Louis Alton & T. H
St. Louis Southwestern
Preferred
South Carolina
Toledo Peoria & WesternH
Toledo St. Louis & K. CltyH
Virginia Midland
8ia Apr.
Mar.
June 152
12
5\
4
100* 17
100 ....
& Pere Marquette
Prsferred
144
25
8
1-001
3%
8
InUaates actuil
(t
iKACTivB Stocks.
Inactive Stocks.
Rullrono Stocka^
[Vol. Lin.
EXCHA.NttE PRICES (Continue U—r.VACr/[^g STOaKS.
NEW YORK STOCK
Duluth
.
!
Bpuie.
ijr^ali.
$
$
Dtposits.t rti-<;'rn Olsanstis.
C
«
3,5.13,3
531,922,3
694,802,3
835.162,8
584,706,6
479,176,9
9
67,845,6 61,075.0 402,0^6,0
88,235,4 50.394.4 404.858.9
6.1,333.4 49,907,6 402.795.5
67,599,8 63,09J.6 408.810,9
6^,339,0,33,060,0,406,764,7
3.6O5.2
3.870.5
3.732,3
3,913,6
Boaton.*
July
11....
18
'•
"
...
2S....
Phlla.*
July 11....
"
*
25....
66,842,
66,842,
65,842,
151,870,3
152.649.9
153,082,2
35,793,
35,793,
35,793,
93,028.0
92.988,0
92,614,0
We omit two ciphers
delphls, the item
^'
in
all
5,454,31130,236.0 3.453.7 100,181,8
5.701.0 128.443,213,457.6 91,358,6
6,756,1 126,9a8,9;3,466,» 81,079,»
9,311.41
9.253.8
8.758.9
29,004.0
29,813.0
89.688.0
these H^tHres.
due to other bsn
95,231.03.097.0
95,193.0 3.0H8.0
94,800.0 2,101,0
+ Inc! udljg, for
64.537,3
82.874,2
58.360.
BosLon and Phlla'
:s."
City Railroad Securities— Brokers' Quotation*.
Drv Dock E. B'y & a.—
F4a1 99
8crtp8»
Bluhth Av.— Stock.
210
KlghthAv.— Scrip, 6s, 1914 105
»r'dway Jk 7tb.\.v.--St*k..
42a & Gr'nd St. F'ry-atk. 240
1st mort., 6s, 1904 .J&D
Ist mort., 78, 1893. A&O 102
admort., 58, 1914...J&J
42d8t. Manh.A St.N.Ave.l 37
Atlantic Av., B'klyn.St'k.
Gen. M.,53, 1909.. .A&O
ai'okerSt. A Ful.F. -Stic.
Istmort., 7s., 1900..J&J
1
MAS
*24
let, 88, gu
2n(i 58, int. aa rent., '05.
R'way
Ist moit., 6s. 1910..
110
2d .«„ iucotDe,8a....JAJi 47
irooklyn City— Stock
1st mort, 5s, 1902. .J&J
B*klyncros8t*n 68., 1908
Houst. W.8t.iS P.F'y—.Stic.. 300
Ist mort, 7s, 1894.. J AJ jlOO
Ninth Ave
Be ond Ave.—Stock
1st mort, 5s, 1909. MAN 100
Sixth Ave.— Stock
170
Third Ave.— Stock.
.1285
Bkn.C'y&N'u58,1938 J JtJ
Central Crosstown— St'k..
M&N
Ist mort., 88, 1922.
Pk.N.& K.Klv.— Stk.
Consols. 7s, 1902 ...J&D
Jry Dk.E.B.<& Bat'y— Stk.
1st mort, 7s, 1893.. J&D
:!Bnt.
Ist M., 5s, 1937. ... JAJ,lfl8
Twenty-third St.— Stock.. 235
Istmort., 7s, 1893
103
Bank Stock Llst--Latest
BANKB.
Asa.
Bid.
306
tjnerioa
.
Am. Bxoh...
300
Bowery
Broadway...
Batohs'ADr. 180
Chase
Qartleld
German Am.
German Ex. 300
40l»
....
2000
Itrst
First N., 8. 1.
112
14th Street.. 170
171
)
300
400
153
395
4500 4900
Chemical
475
City
IdO 170
CItiaens'
260
Columbia
Commerce... 180 187
Oonllnental 135
Corn Exch...
230
112
Deposit
Sast Biver.. 180
nth Ward... ......
fifth Ave.... 2000
Foartb
"Jallatin
Bid.
310
280
181
132
135
Central
Chatham
..
prices of
BANKS.
Im.
A
126
348
N.Y. Coanty.leoo
N.Y.Nat.Kx.!l35
Ninth
102
iHth Ward.. 160
N. America.. 160
Oriental
210
113
60
107"
100
106
103
180
290
111
240
104
640
Park
195
Leather Mts'
Lincoln
Manhattan...
MarketA Fol
Mechanics'..
M'ohs'ATrs'.
People'a.
263
Phenix
3>I0
...
Republic
230
190
143
112
176
liHB
Pacific
Trad's'
Irving.
i87
240
376
175
220
24S
105
40
bank stocks tliia wee k.
Ask.
BANKS. TBidT Atk'
315
New York... 2.^6 260
Germanla
300
Greenwich... IbO
Hanover
346
Hud. River.. 140
ICl
109'"
.
...
395
126
110
175
160
398
136
lift
186
Hi'O
186
Mercantile... 218
Merchants'.. 151)
160
Meroh'ts Ex. 120
130
Metropolitan
71,1
9
Metropolis. . 375
Mt. Morris ..
Murray HiU. 600
Nassau
163
ISO
Seventh
100
ShoeALeath. 160
Nicholas. I'JO
State of N.Y. 108
Third
95
Tradesmen's. 90
nit' d States 200
Western
95
West Side. auo
^^
180
St.
112
103
97 H
—
ADOC8T
1.
MF
J
J
I
|
THE CHKONICLE.
1881. J
161
UOHTON, I'lULVUEIil'lirA ANI> B^LTIHOaB MTOCK EXCHANMES.
C7* Share Prlcea — not PMF <?entnai Prices.
Active Stocks.
U (niUcat«s unlisted.
31%
3II4
'85
00
•85
;125
1:11
'125
115
201
20 i'
177
'•
• 100
Boston * l,owi>ll
16314
164
163%
"
100
BoKton A- Maine
•16
"
100 'lOij
Cciilralof Muss.
"
J'rrri'ircrt
100
79i«
"
100 8o>4
Olile.Dcir.AQnln.
62% 62^8 62ie
Oblo. Mil. A- St. P. (Phil. ).10O
431*
Chic. & W. MloU. (Koslon) 100
•5
•5
6
'•
100
Cleve. & Canton
21i« *20ia
"
Preferred...
100 21
"73
"
73
74
FltclilMirKpref.
100
"
100
Fl. & I'ero Marq.
"
Preferred
100 •72
22 >s •22
Hunt. A Br. Top.(PhUa). 50
"
4478
Preferred
441a
CO
"
4778
Lehlch Vallev
50 4778 48
129
Maine Central (BostonJ. 100 122 130
m
20
177
164
sm
801a
62%
431a
.
ISM ISM
100
». Y. A N. Kug.
100 31% 32
95 "a
Preferred
100 95
Korthern Central (Bait.). 50 ^63
Mexican Central
"
"
"
Horthern Paclllor'i'Ai7«.;.100
"
Preferred
100
Old Colony. ..
(Boston) 100
Pennsylvania.. (Phtla.). 50
"
PhUadel. A- Erie.
50
"
Phlla. A Reading
50
Summit liraneb ^Boston;. 50
'•
Union I'aciHc
100
United Co.s.of fl.J.(Phita. )W0
WesteruN. Y.Ji.Pa(Ph ita.). 100
221a
63>3
.
.
boJi
*26
IS's
niscellaneons Stocks.
Am. 8uK"rRefin.1[ CBoston;
Preferreo
Bell Toleohone ..
Boat. & .Montana
78
•638
7
N.Eng. Telephone ( B'lul'n) 100
14%
141a
19
J6I4
Bid.
21
73
70
67
•22
85
•130
•114
80%
60% 61»6
41M 42
47% 47%
129
125
17% 1778
31% 31%
22%
95
20%
20%
65
71
44% 44%
46% 46%
47% 47%
120% 120%
17% 17%
17M 17%
31%
31% 31M
05
95
20 M
20%
60 M
31
94
6%
7
47%
'
48
18% 18%
46%
49
I214
12^8
39'8
la'e
3979
49
12
24% 21%
16% 16%
Westing. El.
"
216
725 84% Mar. 11 96% June 9
732 175 July 24 220 Jan. 14
1,128 39M Jan ai 46% Mar. 31
660 I314 Jan. 2 17 Jan. 14
91 240 July 31 280 Mar. 31
49 M Jan. 27 58 June 2
103 42% June 27 49 Jan. 14
475, 45% July 31 50% Mar. 31
42 15 Mar. 30 24 Jan. 9
523 41% July 31 48% Feb. 10
124 47% July 30 53 May 5
1.33S 11-79 June 23 19% Feb. 17
1,206 3878 July l.T 49 Jan. 31
169 24% July 10 26 Jan. S
58M
I
A&O
54%! K.C. C.&SprinK., at ,5g.,1925,A&0
Ik. C. F. S. & M. con. 6s, 1928, M&N
80% "siM: iK.C. Mem. & Blr.,1 9t,58,1927, M&S
Unstamped l8t,
(is.
87%
24
K.C.
I
!l.
)
)
3M
3%
69
t
63
81%
58
10
107
110
...1933,
94% 95
45
'
2%
13
.
35
.
22%
13
47%
6
14
11% 11%
14% 15
75o
90c
10% 11%
105
34
i78
06
145
And accrued Interest.
&
J&J
l8t,7s.. 1905, J&J
C. B., 7s.. 1907,
IIO6
Rock& Ft. S.,
I
i
tlia
I
105
•
Loul8.,Ev.&St.L.,l3t,6g.l926,A&0 1106
1936, .4.&0
2m.,2— 6g
1925, A&O
Mar. H. & Ont., 6s
102
1923, J&D t ..
Exten. 68
Mexican Central, 4 e... 1911, J&j 68
69
1 8t consol. incomea, 3 g, non-cum.
31% 32M
2d consol. incomes, 38, nou-ciim.
18
,N. Y. & N.Eng., l8t, 7s, 1905, J&J (1118 I....
I905,J&J
Istmort. 6s
111%
1002, F&A tlOO
2d mort. 69
•34M
iso
98
148
2d mort., scaled, 58.. .1902, F&A
Ogden. & L. C.,Con.6s.l920.A&O§
1020
Inc. 6s
1902, .U&N
Rutland, 1st, 68
:104
1898, F&A
2d, 5s
100%
112
98%
75
48
34
26%
26
107
125%
113%
104%
101%
98
F&A
St. L., 78.... 1000,
91%
105
104
105
110
105
108
Bonds.— Baltimore. ,..
117
118
109
100
Atlanta &Charl., Ist 78, 1907, JfcJ
1000, A&O
4 g., 1935, A&O
Pitt8. & Coun., 5 g...l025, F&A
Stateu Island, 2d, 5 g.l926, J&J
Bal.&Ohio 8. W..l8t,4%g. 1990, J&.1
CapeF.&Yad.,8er.A.,6g.l9l6, J&D
1916, J&D
SsriesB., 6g
1916, J&D
Series C, 6 g
1030, M&S
Cent. Ohio,4%g
Chart. Col.&Aug. 1st 7a. 1895, J&J
Ga. Car. & Nor. 1 st 5 g. 1 929, J&J
1900, J&J
North. Cent. 6s
1904, J&J
68
1026, J&J
Series A, 58
1025, A&O
4%8
Income 68
Baltimore
& Ohio
.
102
98
105
100
97% 98
99%
100
lOO
105
100
I'oe"
100%
112% 113
113% 115
107% 108%
g.l937,M&N
Piedm.&Cum.,l8t, 5g.l911, F&A
100
100
Oxf.&Clark.,iut.gu.,6
Bonds.— Philadel ihia
Allegheny Val..7 3 lOs, 1896, J&J
107
Atlaiitic City 1st 5s. g., 1919, M&X,
Belvidere Del., l»t,Os.. 1902,
112
J&D
112%
104
119
112
Con.M.,5 g.,8tamped,1922,M&N| 101
Wilm. & Bait., 48.1917, A&Oi
89
I
...
I
23
16
112
125
15%
1%
St. Jo.
Bid.
Ss, r
Po'keepsie Bridge, 6 g. 1036, F&a!
Schuyl.R.E.Side.lsto g.l035, J&D'
,Steubeu.&Ind.,l8tm.,5s.l914,J&J
1894, A&O
lUnlted N. J., 6 g
jWarreu & Frank., l9t,78,1896,F&A
121
1
22
'
Phil.
&
20
Apr.
15% July 31 24% Apr. 28
tEx rights.
1910, Var
1013, J&D
CoUat. Tr. 4% g
Pa. & N. Y. Canal, 79. . 1006, J&D
Consol. 5s
1030, A&O]
PerkiomoD, Ist 8er.,58.1018, Q-J
PnUa.& Erie gen. M. 5g.,1020, A&iO'
1020. A&O
Gen. mort., 4 g
Phila & Read, new 4 g.. 1058, J&J
Ist pret. income, 5 g, 1958, Feb 1|
2d pref. income, 5 g, 1058, Feb. 1
3d pref. income, 5 g, 1958 Feb. 1
189.3, A&Ot
2d, 7s
Consol. mort. 7b
1911, J&D;
Consol. mort. 6 g
1911, J&D!
ImprovenientM.6 g., 1897, A&O;
Pitts. C.
I
.
;
94
jJrce.Elk.&M.V.,l8t,68.1933,A&o'
64%
1
92%
Jan. 17
Bonds.
88
80
iDet. Lans.&Nor'nM.78.1907.J&J;
lEll8te^n let mort. 6 g., 1006, M&Sj
67
2,249
Ask.
85
88
1
6,110
175
.
1010, A&O
Chic.& W.Mich, gen. 56, 1021, J&D
iConsol. of Vermont, 5s. 1913, J&Jj
Current Elver, l.xt, 58.. 1927, A&ol
May
Jan. 13
Apr. 28
Feb. 5
Feb. 11
87M
2%
Iowa Division 4s
Apr. 29
Feb. 10
79% •76% 76%
182
39%
222
Penna. Consol.
Chic.Burl.&Quincy48..1022,F&A
170
78
4%
19] 53
JiUy 30 32
July 31 17 ii.
Feb. 5
6%
July 30 52%
""
July 31 230
July 31
9
6M
i
50
13
200
'At.Top.&8.F.100-vr.4g.,1989. J&J
77% 78
100-vcar income 5 g., 1989.8ept.
47% 48
Burl. & Mo. River Exempt 6s, J&J 1.... 114%
1918, J&J 103
Non-exempt 6s
103%
1910, J&J
85
88
Plain 4s
100
Chic. Burl.& Nor. I8t5,192e, A&O
J&D:
100
1918,
2d mort. 68
1896,J&D
Debenture Os
100
t
22
6%
6M
Bonds.— Boston.
1
24
I
100
50
'•
14
3,915
(Boston) 100
tr. rec.1I
7 Jan. 6
May 23
85% Jan. 6
26% Apr. 23
30 80% Apr. 23
14
31
19
•40% 40%
222 222
6%
Bid.
Mar.
Mar.
July
Mar.
July
Jan.
Mar.
40% May
5,230
1,000
13,761
div.
Inactive stocks.
95
249
30
6%
6%
Apr. 8
Apr. 16
2
25 June 16
17%
112 43 M
20 48% July 11
616 4579 June 4 51 Feb. 3
52 120% July .30 146 Feb. 11
2.843 17M July 31 24% Jan. 14
8,817 31 July 31 41% Jan. 15
365 04 July 31lll0MJan. 15
63% June 17! 66MFeb. «
9,438 20M July 30 20% Jan. 13
24,531 58% July 311 74 Feb. 10
55 162 July 20 168% Apr. 29
178
41M 40% 41
•14% 15
14
14% 13% 14
245 215
245 245
240 242
53 56
57
57
•42
43
42% 43
43
42M
•4778 48
•47% 48
45% 47%
•18% 19
*18% 19
•18% -19
46% 44% 44%
46M 46M 46
49
49
40
47% 49
12% 12% 12
12M 12% 12M
40
40% 39% 39% •39% 40M
•24% 25
24% 24% •24% 25
16% 16% 1578 16
15% 157e
X Ex
Ask.
57
.
95
•62% 63%
21
61
162
7 131
3 110
.ran.
M
214
9
265 17
80 71
]«
"262 65
71%
•19%
Jan.
'
•65
65
4478
Highest.
8 205
Jan. 20
2] 172% Jnnc 12 183% Fob.
6
1,017 1.57 July 10 200% Feb. 13
120 16% July 7 20% Jan. 19
75 34% Jan. 2 40 Feb. 2
21.350 7578 Mar. 7 03% Jan. 13
16,400
Jan. 2 66% May 1
20 41 Mar. 13 51 Jan. 9
21
72
4l%'"4"l%
39% 41
223
220 223
42M
223%
245
57
43
127
xl03 July
122 102
•41
•22
95
46
49
5%
57% 59%
)
80
131
116
6
•20
'71
Lowest.
24% Mar. 10 34>sApr. 24
290
4M June 30 6 Jan. It
85 Mar. 4 93% Jan. 13
41,8.M
70% 80
61% 62
70 M
44% '44%
...
21-%
61^8
89
131
115
•5
*72"
Thom.Europ.E.WeldH
Water Power
.
4
80»H
62%
•9
IS
ISM
•31% 317e
19
Catawi.ssu
"
50
Ist preferred
"
50
2d preferred
"
50
Central Ohio
{Bcdt.)
50
"
Chart. Col. & AuKUsta
100
ionnecticut & Pass. (Boston) .100
Connecticut Ki%cr...
"
100
Delaware it Bound Br.lP/uJa.) .100
1 UnllBteiU
441a
47%
46
49
90
.
7»78
eiTg
22'a
441a
4778
46
Prices of July 31.
.
201a
73
*18ia
& Charlotte KBalt.) .100
Boston it Providence (Boston) .100
Camden & Atantlo pf. (P/ii7a.) 50
.
201a
72
43
16i«
.
•85
•42
57
43
48
43
48
*16is I6I4
"
16
Bid and asked onces; no sale wms made.
.
6
245
39^8
.
Shares.
aiDg
200" 200% 200 200%
'173
170% 17;
173
....
;68M 170% 171 171% 170 171
*16»8 17M
16% 16% •16»8 17
•30
•36
37
36
36
•14% 15
141a
39%
Har.Ports.Mr.JoyiL.
50
Kan. C^- Ft. 8. A Mem. (Boston) .100
K.C'yFt. S. AGulf pf.
"
100
K. CltyMcm.ABlrm.
100
Little Schuylkill
(Phila.)
50
Manchester & Law.. (Boston) 100
Maryhwid Central....
(Ball. 50
Mine Hill & S!. Haven (Phila.) 50
NesquehoiiingVal
"
50
Norlheni N. ll
(Boston) .100
North Pennsylvania. (Phila.) 50
Oregon Short lAue...( Boston) .100
Parkersburg
(Ball.
50
Pennsylvania A N. W. (Phila. 50
Raleigh & Gaston
(Ball. )100
Rutland
(Boston) .100
Preferred
100
Seaboard & Roanoke. (Ball.) 100
Ist prefertBd.
100
West End
.,(Boslon)
50
Preferred
50
West Jersey
(PhUa.) 60
West Jersev & Atlan.
•'
50
Western Maryland..
(Bait.)
60
Wllm. Col. & Augu.iita
"
100
Wilmingt'u<k Weldon
"
100
Wisconsin Central. (Boston) .100
Preferred.
"
100
Worc'st.Nash.ARoch.
'•
100
MISCELLANKOCS.
Allouez Mining
(Boston) 25
Atlantic Mining^
25
City Passenger KR... (Ball.) 25
Bay State Gas
(Boston) 50
Boston Land
"
10
Centennial Mlulng...
"
10
Fort Wayne ElfCtricU
"
25
Franklin Mining
"
25
Frenchm'n'sBayL'nd
"
5
Huron .Mining
"
25
Illinois Steel H
100
Kearsarge Mining
"
25
Morris Canal guar. 4. (Phila.) .100
Preferred guar. 10
'•
100
Osceola Mining
^(Boston) 25
Pewablc Miuiug
"
25
Pullman Palace Car..
"
lOOl
"
Qulney Mining
25
Tamarack Mining
"
26
"
Thonis'nElcc.w.iiVfi
100
5%
2401a 247
39%
21% 21%
Atlanta
July 31.
30%
317^
'125
79% 80% 79% 80 M 77%
87% 88
87
88
88
179% 181
180 181
r78
*42
42
42
42M 41
179
•41% 421a
42
249
57
44
3914
Inactive Stocks.
63
•6%
79% 80
WestEndLaud..
*
Week,
200
175
200
UP:,
62 14
87%
131
115
70% 81%
42
4158
22314
*6ia
7
49
49
•ISM 13 Ml
North American. (Phil. ).10O
Tliomson-H'nEl. ^{(BosVn) 25
"
Preferred
25
IT
li><.l'.
*95
95 19
41%
178% 178
.
4514
ITI'i
•86
130
18^8
21% 22%
623e 63%
78% 78%
50
174%
164
129
31=8
31%
31% 32 M
72
44 1«
47T8
"
-Fhil.j
Juir 20.
Range of sales In 1891.
Friday,
20M 2078
63%
62^8
60
.59%
58% 60M
164
163% 163% 163 163
162
162M162M 162M 162M
5OI4
50% 50M 50
50% 50
50% 4973 50
50
50%
28I4
29
26
24
25
26
28M 26
26%
14 I'S'J.'g 13''8 13ll,gl3iai, 13n,gl3l3,,
13M 13% 13 13 •„
41'6
22314
'
I^hrhCoul&Nav
....
18ie
3118
951a
•63
221s
41''8
100 178
25 42
Butte ABoaton.
25 *14ia
Calumet & Heela
25 '245
Canton Co
(Ball.). 100
"
Consolidated Gas
100 *43
Erie TelejiUouc (Boston) 100 •47%
18i«
"
Lanison Store 8er.
50
200
UO
131
115
201
'
161a
....
Sales
of the
Thursday,
July 30.
•41a
00
132
II514
"
100
BostiiiiA AllMiiiyi Bo»to«;. 100 201
2(1 |.i.f,.,T.'.l
WedoWHiay,
32%
SlOg
iH
4<>8
•85
,<.-
Tuowlay,
July 2H.
July 27.
31% 32
&
S. Ko CBoWom;.100
••
100
AtliiiitU'A I'BO.
BalliiiMipi'
Ohio f Ilalt.J. 100
"
100
l(.t pi ifinv.1
Atoll. T.
Monday,
Satnrday,
July 25.
& Conuells. Ist 78. 1898, J&J 112 113
Virginia Mid., lat 68... 1906, M&8 116 Ill9
1911 M&S 115% 118
2d Series, OS
Pitts.
109
1916, M&8| 108
3d Series, 6s
1921, M&S
4th Series. 3-4-58
M&S
101
1
926,
99%
6th Series. 5s
117%
West V». C. & P. Ist, 6 g. 1911 J&J 105 105%
J&J
g.l914,
03
West''. V.C. Consol. 6
iEaston& Am. l»tM..58.1020,M&N 107%
Wilm. Col. & Aug., 6s. 1910, J&D 114 116
HIgCELLA.NKOUS.
lElmlr. &Wilm., Ist, 68.1010. J&J.
131
Baltimore—City Hall 68. 1000, Q-J
Hunt. & Br'dTop,Con.5s.'05.A.&O 101%
1000, <>—
Fundlng6B
Lehigh Nav. 4%8
106
1014, Q—
122
West .Maryl'd RR. 68.. 1002, J&,I
2d 68, gold
1807, J&D 109 {109%
1916, M&N
125%
General mort. 4%s, g.l024,Q—
101% Water 5s
1916, M&N
Funding 58
Lehigh Valley, 1st Us.. .1808, J&D 110%!
10.<o. J&J 103
103%
Exchange 3%s
1910, M&S 133
2d 7s
6379 64
Virginia (Sl&te) 38, new. 1032, J&J
Consol. 6
1923. J&D 124%
1900, J*D 104 1105
Chesapeake Gas, 68
North Ponn. 1st, 78. ...1806, M&N 113%
1010, J&D 111
111%
Consol. Gas, 6s
Gen. M. 7a
1903, J&jl 124
1939, J&J
98
99
Pennsylvania gen. 6e, r..l910, Var 128 |128%
58
1'"'' \ ^.O lOllo to«
lon^. Vtf'
i1t«
Roilltahlw Gna. «"
CVnanl. (N. <
Catawissa, M.. 78
1000. F&A' 117
C'har.Cin.& Chic.lst5g,1947, Q—
|Clearfleld&Jeir.,lst,6s.l927,J&J, 116
Connectiug. 0»
1900-04, M&S
Del. & B'd Br'k, Ist, 7s. 1005. F&A 127
,
.
I
I
I
Last price thu weelc
t
Ex-rlgliU,
.
—
7
THE CHRONICLE.
162
(CojMnJiBA).-AGTIVE
NEW YORK STOCK EXCHANGE PRICES
Clos-ng
I
Range
(sales)
I
BlILBOAB A>P MISCEL. BOND8 /nto'J<I^Frj«^
m 1891.
-
rVoL. LIU.
BOXDS JULY
31,
Period.
I
1,
1891.
C sales)
in 1S91
JA.V.
Kange
\Ctos'ng
Bailkoadand Miscel. Bo^ds.] Inter' St
Highest.
Lowest.
AND SINCE
I
I
Price
Julydl
Highest.
Lowest.
I
7§i9
4d=8
At.Top.&S.F.-100-yr.,4g.l989, J & J:
1989i Sept.
X00-ycariucon.c,5g
Atl. &'pac.-W.D. inc., 69-1910 y-v-v'^O
Guaranteed. 4 )!
H5T a T
lb
CaB |ouO>.-l«t
1908
guar., 5s
J^
&
J,103
Central of n! J.-Cons.', Vs 1899 ^,Q-J^^ 115
N
c;;^^!: 7s';..:.,..;.,..i902M& J|108i4
.
Mar.
3838 Mar.
o.Hnh
BrookruElevafdlst, e.g. 1924 A & 0*110 b.
O'eJuly
69 July
112ifl
108''9 Apr.
Juno
10212 July IO714 Feb.
951s Jan. 100 Feb.
Jan. 118 Mar.
b. 115
,
,
w
120
107
May
123
Jan.
Ill's
May
113
Jan.
99
May
July
95 July
I0513 July
109 July
11014 July
108
941s
Mar.
May
711s
73
July
Jan. 114
II712 July 123
96 July 1021s
64
104
Feb.
Feb.
June
Jan.
Apr.
Jan.
88% Jan.
80
July
llOifib 108^8 June 11556 Apr.
J &
Cliic. & E. 111.— lst,8.f.,68.1907
1934 A & 0*116 b. ligigApr. 121 Jan.
ConsoL.eg
& N^geisa. 95 Jan. 100 Apr.
General consol. Ist, 58..1937
921s Apr.
831s Jan.
CUc.GasL. &C.— Ist,5g.l937 J & J^'SO^b. 120
Jan. 1251s Feb.
Cbic.Mil.&St.P.-Con. 78.1900 J & J 122
112i4Aiir.
J
''•
108%
July
&
let. Southwest Div., 68.1909
i J??,
110 Jan. 114 Feb.
1st, So.Min. DlT., 68....1910;J & J 111%
l8t,Cb.&Pac W.Div 5s. 1921 J & J 1041a 104 Jan. 107% May
94 b. 941s Apr. 98 Jan.
Clilc. &Mo.Kiv.Div., 58.1926 J & J
Wis. & Miun. Div., 5 g..l921 J & J 101 1). 100% July 104 July
1914 J &J*il01i4b.il00 Mar. 1031s Apr.
Terminal, 5 g
J 83isa. 811s July
87 Feb.
Gen. M., 4 g., series A... 1989 J
.„,,„„-.
Mllw.&North.-M.L.,68.1910 J & D|107isb. 1071* Jan. 112 Feb.
112
D
107
Apr.
1913:J
lOfisb.
Jan.
&
l8t,con.,68
Chic. &N.W.— Consol., 78.-1915! Q-F il3o_ a. 134 June 13!) % Apr.
12258
121
127%
J
D
June
Feb.
&
1902
Conpon, gold, 78
1929A. & OllOi^b. 111 July 115 Feb.
Sinking fimd, 68
"
19291
105
UOSitFeb.
a.
Jan.
&
0,107
A
Sinking fund, 58
109 Feb.
& N,102i4b. IO214 July
Sinking fund deben., 58.1933
& N 102 b. 102 July 105% Apr.
25-year debenture, 5....1909
1926 F & A 94 b. 9314 July 100 Jan.
Extension, 48
921s July lOOis Jan.
Cliic. Feo.&St.Louls— 5g.l928:M & 6 92isb.
Cliic.R.I.&Pac.— 6s,coup.l917|J & J 117 b. 1181s July 127>4 Feb.
95 14 Mar. 9914 Jan.
J
&
J
-.1934
961s
Extension and col., 58.
Cbic.St.L.APitt.-Con.,5g.l93^ A & O 100 b. 100 .Feb. 103 May
If,
63....1930,J
118
II314
&
June 119 Jan.
&0.—
Cbie. St. P. M.
& J| 89 b. SGig Apr. giisMay
Cleveland & Canton— 5g..l917lJ
„
1914'
D.*120
129
132 Fob.
b.
&
Jan.
J
C. C. C. & I.— Consol., 7 g.
1934 J & J,*113 b. 113 July 121 Mar.
General eonsol., 6 g
F
102
106 Jan.
A|*103
a.
Jan.
1900
&
Col. Coal & Iron— 6 g
Apr.
71 Jan.
Col. Midlaud—Con.,4 g... 1940 F & A| 67 a. 62
S*7eisb.
&
79
86 Jan.
Con.,5g.l93]|M
June
Col.H.Val.&ToL—
1904'J & Dl 82 a. 80 July
88 May
General, Og
19001
N*|113isb.
&
11438
11914
June
Feb.
Denver & Rio G.— 1st, 7 g.
1936J & J] 78%a. 78 14 July 83 Feb.
lstcousol.,4g
J
96
&
J
91
Jan.
Feb.
Det.B. Citv&Alnena^6g.l913
14
32i4Feb.
Det.Mac.Ai.M.— L'dgrants.l911 A & O 30 a. 291a Jan.
Dul. & Iron Range— 58.... 1937 A & Oi 98isa. 95 Jan. 100% May
85 July 99 Feb.
Dul. So. Sh. &Atl.— 5g....l937 J & J 85
97
96 May 104 Jan.
E.Tenn.V &G.— Con., 5g.l95e
Knoxville&Olilo.e g...l925lJ & J 103 b. 102 July 109ie Apr.
Eliz. Le.x. ABigSan.- eg.l902!M & B 85
85 July
95 Jan.
Ft. W. &Uenv. City— 6g..l921:J & D] 99
981s June 105 Jan.
93%
Gal.n.&SanAn.-W.Dlv.lst,5g.'M
91% July 95 Apr.
& s!ll3 b. 110 Mar. 117 Jan.
Han. & St. J08.— Cons., 68.1911
M
<s A
M &N
1927
Nebraska Extension, 48.
1922*
Division, 43
87
80
STifib
D
1
M
,
M
-
M
M
M &N
M
&N
A & Oi'96 a. 93% May 97 Mar.
IO9I2 July 115 Jan.
Int. &Gt. No.— let, eg....l919M & N.llOis
Coupon, 6 g., trust rec.. 1909, M & 8 67 b. C8 Mar. 76 Jan.
1938:J & D SQisa. 80% Feb.
Iowa Central— Ist, 5 g
87 May
KentackyCentral—4g....l987 J & Ji 79%
78 July 8212 Jiin.
KingsCo. El.— Ist, 5 g....l925 J & J 98 b. 97 13 Apr. IOOI2 May
71 12 June 8212 Jan.
Laclede Gas— l8t, 5 g
1919 Q— F 7414
iakeErie&West.- 5g....]937 J & J|l05i.2 IO5J4 July 109^8 Jan.
I/. Shore— Con. cp., Ist, 78. 1900' J & J'llO b. 118
July 122% Jan.
Con.soI. coup.,'Jd,78
18 June 124 Jan.
1903JJ & 1)1 1919
Long Isrd—l8t,con.,Dg. .19311 Q—J i'lll b. 110% Jan. II512 Mar.
General mortgage, 4 g.. 1938 J & D 89%a, 88 June 921s Jan.
lx)uls. &Na.sU.—Cons., 7s.l898'A <& O 112«8a. 110% June 11558 Mar.
1930J & J llbHsb. 113% July 118 Feb.
K.O. & Mob. 1st, 6 g
do.
2d, 6g
1930 J & J, 106 b. 106 Mar. 112 June
E. H. &N. 1st, 6g
1919 J & Dlll2isb. HI June II314 Apr.
General, 6g
1930 J & D* 112i8b. 112 July 117 May
Collateral trust, 5g
1931 M& N
98 June IO314 Feb.
Louis. N.A. &Ch.— Ist, 63.1910
J 106
101 Mar. Ill Jan.
Con.*ol.,e g
1916
& O 92
84 Mar. 98 Apr.
Louis. St. L. ATexas—6g.l917:F & A 80
78 Jan88 Jan.
Metro. Elevated— Ist, 6 g. 19081 J & J 112is 11158 Jan. 1151a June
2d,6s
1S99M & N-104 b. 103 June 108 Apr.
Mich. Cent.— Ist.con., 7s.. 1902!m & N 118 b. 118 June ;i24is Apr.
1952
miuois Central—4 g
1
.
.
Consol., .59
1902 M<fe N,*107 b. 107
Mil. LakeSli.&W.—l8t,6g. 1921
1J|117 b. 117
M&
Mar. '108
June 127
Jan. 101 79
Jan.
79 Is
44I2
July
May Ill
July 1II6
Feb.
Apr.
& A 99 b. 98
Jan.
& D 75
74%
Feb.
& a' 36
36
Jan.
& Niloe b. 103
Mar.
3d, 7a
1906'M& N 111 b. 105
Apr.
Pac. of Mo.— Ist,ex.,4g.l938 F & aI 96 b. 91 June 100 Jan.
2dniort.,7s
1891 J & J 101 b. 991s Jan.
Mobile* Ohio— Ncw,6g..l927'J & D 112 b. 112 Jan. 1035jjjune
1171s Apr.
General mortgage, 49. ..1938 M & S, 62
62 July
70 Feb.
Mutual Un ion Tel.— 6 g
1911 M & N'
100 May 105 19 Feb.
Kash. Ch. ASt.L.- Ist, 78.1913iJ & J 124 b.
Jiily 1271s June
]^i
Oon..5 g
1928;A & 0M04isb. 103 June 'IO713 May
Extcn. <S:Inip.,5 g
19a9 P
M. K. &T.— Ist 4s,g
1990|j
2d 48,g
1990P
Mo. Pacific— Ist, con., 6 g.l920:M
!
KOTB-"b" inaioatesprlce 6W;
" a" price asked the Range
;
NEW YORK STOCK EXCHANGE
SECURITIES.
Bid.
Ask.
1
Atl. <t Pac— 2d %V. D., gu. 6h, 1907
Bait. & Ohio— l9i, 68, Park B. 19191
««, gold
1925| 104
> O a inj mwru. icoH. «»
lOS*
.
106
M&
-
I
1
I
&N
I
C—
&N
&N
'
made up from actual
sales only.
• Latest price this
PEICE8-(Contlnued).-JiV.AOr/Fj;
Bid.
&
Ced Rap.&No.-l8t,5s. 1906
Oeasel. Acotlftt. trust, as... ie»i
are the latest quotation* laade this week,
*
9112
Jan.
Feb
Jan
Jan
100 ifl Jan.
75 Feb.
77%
114
Feb.
Mar
921s Jan.
110% Mar
107
105
Jan.
Jan.
108% Apr.
IO714
May
93% Jan.
II214 Apr.
1131s Ai»r.
114
110
Apr.
Jan.
68 July
28 12 June
lis Jan.
117 Feb.
102 13 Feb.
87 Is May
74 Feb.
73 14 Feb.
13318 Apr.
61 14 Jan.
107
27
Feb.
Apr.
103% M^y
114 Mar.
101-% Mar.
104 Apr.
94 Jan.
96% Jan.
90 12 Apr.
3514 Jan,
991a Feb.
108 Apr.
1071a Jan.
77 Jan.
91 Jan.
II418 Mar.
111% Feb.
74 Apr.
Ill
Jan.
109=8 May
IIII4 Mar.
IIII3 Apr
106 14 Jan.
80% Feb.
82 Jan.
HI Apr.
89% Feb.
90 Feb.
102 Feb.
77% Jan.
36 July
103 Jan.
101 Feb.
35 Tg Feb.
100% Apr.
97 Jan.
45 Jan.
31
SECURITIES.
Bid.
Atk.
Rap.&No.— (Contin'd)—
Minn. & St. L.— Ist, 7s, gu..l927 103
Burl. Ced.
•101%
*
30
81
118
weak.
BONDS-JULY
Ask.
*97
Brooklyn Elevated— 2d, 3-58 1915
83
Buft. Roch. & Pitt8.-Gen.,5a
1937 95
Rnoh. &Pitt.s.— iBt, 6s
1921 120
„ ^"^ ^Ci^isolidat'dlstVds! 1922 112
8">-l
;
.
O. 8. W., Ist. g74%s
1990
Riv., l3t g., g. 5<
1919
Oeni'l Ohio Reor.— Ist, 4%8' 1930
Best. H. Tun. & W.-Deb. Ss! 1913
(Stock Exchange Prices.)
Jan.
'
26 b. 25 14 Mar.
19581 Feb.
3d pref. income, 5 g
Pittsburg* Western— 4 g. 1917! J & J 76i8b. 7514 Jan.
Rich &Danv.— Con., 6g..l915 J & J 106 b. IO912 July
Consol., 5g
1936 A & O 79 b.
9
July
Rlch.&W.P.Ter.-Tru8t,6g.l897|F & A 88
88 July
53 July
Con. Ist&col. trust, 5g.l914|M & 8 58
RioG. Western- 1st, 4g..l939 J & J 74%
74 Jan.
105 Jan.
R. W. &Ogd.—Con., 5s....1932!a & O 109
85 a. 8218 Mar.
St. Jo. & Gr. Island— 6 g..l925!M & N
8t.L. Alt. &T. H.— Ist, 78.1894 J & J
108 June
2dpref.,78
1894 F & A lOSifib, 104 May
StL. &IronMt.— l8t7s...l892F & A 105 a.llOlisFeb.
1897M & N *104 b. 1041s Mav
2d,7K
CairoArk. &Texas, 7g-.1897!J & D 103iab. 1031a July
Gen. R'y &landgr.,5g..l931 A & O 89 a. 81 May
8t.L. &8anFr.— 6 g.,Cl.A.19()6 M & N 108 b.!l08
Juue
IO6I4 June
N 110
6 g., ClassB
1906
6 g.. Class C
1906 M & N:109
jl07
June
General mort., 6 g
193l'J & J|102 b.'l03 Jnly
St.L.8o.We8t.— Ist,4a,g..l989 M & N| OS's
65isJuly
2d, 48, g., Income
1989 J & Ji*27 a. 26 June
8.P.M.&M.— Dak. Ex., 6g.I910M& Ni'lU
b.'iu May
Ist consol., 6 g
1933 J & J|112 b.Jlll July
do
reduced to 41s g... J &
97 July
Montana Extension, 4 g.l937
D '84
80 Jati.
SanA.&Aran. P.— Ist,6g.l916
J 60
62 Jau.
l8t,6 g
1926
J 60
62 Jan.
Shen. yal.-lst, 7 g., tr. rec. 1909
126% Jan.
Gen'ieg., Tr. rec. ass't'd.l921
55 May
So.Car.— 1st, 6 g.,excoup.l920
104 b. 103 Jan.
Inoome,6s
1931
13 Jan.
So. Pac, Ariz.— 6 g
1909-lO'J A; J:*101 b.'loi July
So.Paciflc.Cal.— 6 g....l905-12|A & O 113 b. 10912 Apr.
1st, consol., gold, 5 g.... 1938 A & O
b,
99 Jan.
1911iJ & J 101%
,80. Paciac, N. M.— Og
101 July
;Tenn.C.I.&Ry.—Ten.D.,let,6g'A & O *87 b. 86 Jau.
Blrm.Div.. 6g
1917 J & J 88 a. 88 July
[Tex. & Pac— 1st, 5 g
2000 J & D 8378b. 84 July
2d, Income, 5 g
2000 March. 2712
2714 July
9314 a. 93 Jan.
Tol. A. A. &N. M.— 6g
1924 M
,Tol.A. A. &Gr. Tr.— 6g....l921 J & J 103 b. 103
July
Tol. & Ohio Cent.- 5 g
1935 J & J 105 a. 1021s July
iTol. Peo. & West.— 4g
1917:J & J 72 b. 71 >s July
Tol. St. L. & Kan.
6 g..l916|J & D 80 a. 79 July
Union Paciac— 6 „
1899 J & 3 110%b. llOisJuly
g
Sinking fund. 89
1893 M & S 108 14b. 107 Mar.
CoUat. truht 4ia
1918'M & N 09 a. 69 Feb.
Kansas PaciHo— 1st, 6 g..l895 F & A* lOHisb. 1071s May
l8t,6g
1896'J & D 10712a. 107 July
Denver Div.—6 g
1899 M & N •110 b. 10914 May
Ist consul., 6 K
1919 M
105 b. 105% July
Oregon Short Line— e k..1922;F & A 102 a. 100 Mar.
Or.S.L.itUt'hN.— Cou.5g.l919 A & O 69 a. 70 July
U.P.Dcn.&Gultcon. 5 g.l939'J & D 68
6V July
Union Elevated— 6 g
1937 M & N 107% 106 Jau.
VirginiaMld.- Gen. m.,53, 1936 M
77 b. 78 July
do
stamped guar.lM & N 78 b. 83 Jan.
Wabash— 1st, 5 g
1939'M & N 99
961s May
2d mortgage, 5 g
1939. IF & A 73%
70 Feb.
Debent.M., series B
1939 J & J 34 b. 27 May
West Shore— Guar.. 4s
2361 J & JIlOOis
99i4July
West. N. Y. &. Pa.— lat, 5 g.l937 J & Jh96 b. 96 Jan.
2dmort.,3g.,5sc
1927 A & 0*28 a. 27 July
West Un. Tel.— Col. tr., 03. 1938 J & JJIOO
98 Jan.
Wis. Cent. Co.— l8t, 5 g
1937|J &, 3\ 88
88 July
Income, 5 g
1937*.
28%
38 July
Mon.
Aiabnnm Mid.— 1st, g., 69
1928
Atlantic & Dan> .— Ist g., 69.. 19
theiitt
,
SECURITIES.
B.
Railroad Bonds.
".Ho price Friday;
is
110
I
95
June
127% Apr.
|
lea's Jan.
112% Mar.
117% Mar.
loo's Feb.
6513 July
103 14 Mar.
& NllSisb. 1181s May 123 Mar.
9518 Jan.
89 July
N.Y. Chic. &St. L.-4g...l937 A & 0| 92
1906:J & J 111%
109 July 115 Apr.
N.Y. Elevated— 7s
132
127
a.
125
July
Jan.
1921
J
&
J
N.Y. Lack. &W.— 1st, 6s..
1923 F & A lOgiaJ). 108 Feb. 109% June
Construction, 5s
135
a.
137%
Feb.
M
133
8
Jan.
&
N.Y.L.E.&W.— I8t,con.,7g.l920
:.1893 J & D103%l>.'l03 June 1071s Apr.
Long Dock, 7a...
II8I2
117
b.
115
June
A
O
Jan.
1935
&
Consol.,6g
96 June 1027e Apr.
1969 J & D 96
2doon8ol.,6g
112
115
b.;110
Feb.
&
8
Mar.
6g..l914!M
N.Y. Ont. &W.— 1st,
1939, J & D OS's
90 Juno 971s Apr.
Consol. 1st, 5g
N.Y.Sus.&W.- Istref.,5g.l937 J & J,*98i2a. 94 Jan. IOOI4 Feb.
lllisMay 1151s Feb.
Midland of N. J., 6 g....l910 A & O
Norf.&W.— 100-year, 5 g. 1990 J & 3*92 a.' 88 June IOOI2 Feb.
North.Pac— lst,coup.,6g.l921'J & J 114i2b. 113 Jan. II718 Apr.
H414 Mar.
-May
--...,
General, 2d, coup., 6 g..l933 A & 0113 b. 109
"
111314 Feb.
General, 3d, coup., 6 g.. 1937 J & D 10712a. loeis July
J
85% Jan.
7612 July
1989
& D 77
Consol. mort., 5 g
103 Apr. 109 Feb.
North. Pac. & Mon.— 6 g...l938|M & 81 03
110
b.
Mar.
104 July
North. Pac. Ter. Co.— 6 g.. 1933 J & J|105
OMo&Mlss.— Cons.s.f.,78.1898 J & J,*112 a. IO8I4 July 112 Feb.
112
Ji*108
May
b. 107
1898 J &
July
Consol., 7s
101 la July 110 Mar.
Ohio Southern— 1 St, 6 g ... 1 92 J & D 1 03
63
1921IM
a.
Feb.
&N*53
55 J<in.
General mort., 4 g
Omaha&St. Louis— 4g ..1937;j & J|*50 b. 50 Juue 581s Jan.
90 Jan. 10313 Feb.
Oregonlmp. Co.— Ist,6g.l910 J & D: 9914
74 Feb.
1939[A & O' 61
53 July
Consol., og
a.
July 110 Mar
Ore.R.&Nav.Co.— l6t,6g.l909:J & J,*107
1051s „„.^
100% Mar.
1925 J &D*90 a.l 90 June
Consol., 5 g
July 106 Jan.
Pa. Co.— 4 14 g. coupon .... 1 92 1 J & J 102isb. 102
100 Jan 10914 May
Peo.Dec.&Evansv.- 6g..l920!J & J 109
EvansviUe Dlv., 6g....l920,M & 8 102%a. 95 Jm. 103 Feb.
7478 Apr.
1926iM &N*72i2a. 66 Jan.
2d mort., 5 g
Peoria&East.— Cons., 4s.1940:a & O
73 Juue 80 Feb.
11 b. 16 June 22 Jan.
Income, 4s
1990; April.
Phlla. & Read.— Gen., 4g.l958,J & J 75
75 July 82 Feb.
49
58 Jan
1958 Feb.
Ist pref. income. 5 g
471s Mar.
34%a. 32 Mar. SSTg May
1958 Feb.
2d pref. income, 5 g
b.
GereVai niorVgagV.5s:.1987iJ &
Leli.&W.B.,con.,7s,a3'd 1900 Ji^^ 108 b.
do. mortgage, 5s
l^if^ ? ^ .nSi^^Am. Dock & imp 58....192l;J & JlOSisb.
Central PaelUc-Gold.es.. 1898 J & J,108 b.
Cbes. & Ohlo-Mort.. 6 g-l^ll!^ * 2
l6tcon80l.,5g
v-}gigT*^l 93
E.&A.Div.,lstcon..4g.l989 J & J
do l9tcon.,2-4g.l989 J & Jj 6oi2b.
do 2dcon.,4g...l989,J & J| o6'8
-eg.*... 191 IF & A noe a.
ches. o & So.
Cbic. Burl. & Q.-Cou.,78.1903 J & J 117>a
1913
& N 96 a.
Debenture,58
Denver
May
M & N 101i4b.|100%
& J 124i2a.!123i2 July
M & S IO6I4 '10412 June
N.Y. Central— Extend., 5s. 1893,
1903 J
1st, coupon, 7s
Deben.. 59, coup., 1884.. 1904
N.Y. & Harlem— 78, reg.-.lOOOiM
8OI2 Apr.
53 Jan.
14 Jan.
75 Jan.
Iowa
99%
97
115
95
84
C.
& West.— 1st. 7s ... 1909
I. F. & N., 1st, 63.1920
.
100
::::
Ced. Rap.
1st, 53
1921
C.Ohio— 'Jol. &Cin.M.l8t,4%s.l939
Jent. RB. & Bank.— Col. g.58.1937
Chat.Bome<t Col.— Gtd.g.59. 1937
8av.& West.—! st cou.gtd.5s. 19 29
OMti. of N. J.—Conv. deb., 6b 1908
.
92
80
81
AUOUBT
1,
THE CHRONICLE.
1881.)
NEW YORK STOCK EXCHANGE
153
-::
]
FRlCF.H.-INAOTIve BONDS-f ContinuedJ ~ JULY 31.
iii^
Bid.
SECURITIES.
SECURITIES.
Ask.
Bid.
Centrnl rn<-lHo— OoW bag.fla, 1805 101% 105 14 "•la. Cen. A Pen. —1st g, 5g....l018
70
Ft. Worth A. R. O.- ..t g., 59. .1928
IRllfl 105%
Oolil iHiiiiN, «»
'lal. Har.&Ban Ant. -l9t,6«. 1910
1897 loo's 108
(iold IxmhIh, Oh
107
Onl. U. 48. A.— id mort., "»..1905
IttOO
Bhii J<<M<|iitii Br., 0.1
West. DIT., 2d 0«
1931
1039
Mori. LMl.l "n
97
Oa. 80. AFlB.- 1st, g. 8r
1000
1927
LhuiI ^M'lliit, ."^rt, ff
Grand Rap. A Iml.— lien. 5s.. 1924
1800 105
West, rmlllo— HoQd.«.6«
Green B. W. AHI. 1\-I8t6s .1911
Mo. Kiillway (Cat.)— lot, 08. 1007
09
2d iiiooroe, ail siilis. paid
11138
iiO.vi'rir .'Vs
108 14 Housatonic— Cons, jidld 58
19b7
Chpa. .( o.-Piir. M. funii.Os. 1808 104
116
N. HavenADerbv, (•<in9..59..191Pi 103
1008 113
««. tiiMI. :<i'rli» A
106
IIous. AT.
Wiiii) A N. 7S..1903 110
Obcd. *>. iV So. Went.— 2d, Oa 1011
Ist g., 5s (Int. gtd.
1937
1803 103
Ohlmt-'i) A Alton— l8t, 7>i...
Cons. g. 6s lint, gld)
1912
1003 -no's
einklni- rilild, 0.4
1921
Gen. g. 49.(iiit. gtd)
Louis. ,V .Mo. River— l8t, 78. 1900 H7>4
75
Debent. 6r, prin. A int. gtd.1897
1900
2.1, T«
Debcnt. 49. prin. A Int gtd.1897
8t. I,. Jiii'ka. & Chic— l8t,78. 1894
Illinois Central-lHt,g., la.. .1951 100
1894
lot. ifiiar. (564), 78
90
l8t, gold, 31-23
MIss.R. Brldire— iHt, 9. f., 63. 1912 103
1951
Olili'. Burl. A Nor.— Dot). 68
1896
Bpringf. Div.— Coup., 68. . . .1898
102
AlldcUo Div.-Reg., 58.
1021
call'. BurllUK. A Q.— 5s, 8. I.. 1901
lown l)iv.—Sink, fund, 58.. 1919 102
C. St. L. A N. 0.-ren.l.,7«.1897
88
01
SiiiktnK fund, 4s
1910
1st, oonsoi., 7s
1897
80i«
Plain, 49
2d, 6s
1907
1921
95i«
Ohio. Si Indlunn Coal— l9t 59 1936
Gold. 59, coui.on
1951
Oil. Mil. A 8t.P.— l8t,S9,P.D. 1898 iVfii
1951
Meiup. Div., Istg. 48
2d, 7 3-lOs, P. D
Dnb. A 8. C.-2d Div., 78 . ..1894
1898 *115 117
l8t, 79, ^K., R.
Ced. Falls A Miuu.— 1st, 78.. 1907 * 76
1902 118 121
98
tnd. D. A Spr.— l.st 7s, ex. op. 1906
l8t, La Crosse Oivialon, 78. 1893 108
let, I. A M., 7a
1947
Ind. Dec. A West.— .M. 5s
1897
l8t, I. A D., 78
2d M., Inc. .58, tr 1st reo
1948
1899 110
67
Ist.C. A.M., 7s
Inter. A Gt. Nor.— Coup. 68. ..1909
1903 119
120
1st, I. A D. Extetislon, 7s... 1908 117
Kanawha A Mich.— .^lort. 43.1990 70
let, I.aC. ADav., 5s
Kan. C.Wyan.AN.W.— I8t,5s.l938
1919 *100
1st, H. A D.,78
L. Sh. AM. 80.— C. I'.AA.—7S.1892 102
1910 115 117
l8t, H. A D.,5a
98 >«
1910
Buff. A Er.— Xew bonds, 78.1898 113
CMenKo A PaclOo Div., 6s.. 1910 110
1906
Det. M. AT.-l.st, 73
100 14
Minrr.tl I'uiiil DIv. 5s
Lake Shore— Div. bonds, 7b. 1899 115
1910
C. A L. Slip. Div., 58
MaUon'g Coal RR. -1st, 58.1934
1921 100
Fargo A South., 0.S, A9su... 1924
Kal. Air. A G. R.— 1st gu. 6s.l938
Inc. couv. sink, fund, 59
LehighV.,N.Y.— 1st gu.g.4ia3.1940 TOOI4
1916
Dakota A Gt. Sonlh., 53.... 1916
] .itchf. Car. A West.-lst 63. g. 1916
OhIc.AN. \V.— 30 year deb. 58, 1921
I^onglsland- Ist, 73
1898 ill'"
£»cauaha A L. S. 1st, 69
N.Tf. A R'way B.— Ist, g. 53.192
1901
ItesM. A Minn.— l8t,7s.... 1907
23
2draortg., ino
1927
Iowa Midland— 1st, 83
8mithtownAPt.,Ieir.— l8t,79 1901 105
1900
Peninsula— 1st, conv., 78... 1898
Louis.Evans.ASt. L.— Con.5s.l939
Chic. A .Milwaukee— Ist, 7s 1898
iia
Louis. ANasli.— Cecil. Br, 78.1907 103 Hi
W^l. A 8t. P.— 2d, 78
1920 lOe^t
Pensacola Division, 68
1907
Mil. A .Mad.— l.st, 69
St. Loui3 Division, Ist, 6s... 1921 111
1005
Ott. C. F. A SL P.— l8t, 5s. 1900
106
1980
2d, 38
Northern III.— lat, 59
Nash V. A Decatur- 1 st, 7s 1 900 110
1910 •101 106
O.R.I.AP.-D.M.AF.D..l9t4s. 1901
1910 101
8.f.,68.— 8. A N. Ala
1st, 2I39
1024 101
1040, gold, 63
1905
Ajk.
SECURITIES.
A Ml«»— 2d consol. 78 ... 1 91 108
Sprlng.Dlv.— I8l7»
1905
General 59
1932
Ohio River RR.—l8t,6»
1936
OhloRlv.-Gen; mort., g., 5s. 1037
Oreg. RyANav.— Col.tr. g.. 59.1910
D
,
iim
.
Exteu.slon, 4s.
1905
Keokuk A Des M.— 191,59" 1923
Ohic. St. P A Kan. City— 59.. 1936
Minn. A N. W.— Ist, k., 58 1934
Ohlc. St. P. A Minu.-lst,6s
1018
St. Paul AS.
l9t, 6a
1910
Ohic. A W. Ind.— 1st, 8. f., 6s 1919
General mortKaRe, Os
1932
Oin Ham. A U.— Con. s. f.. s 1905
2d, (rol<l, 4is9
1937
Oln. I. St. L.A Chic— lst,gV,49'. 1936
Consol Cs
1920
Oln. Jack. A M.ic— ist, fr., Ss 1936
taev. Ak. A Col.-Eq. A 2d 6s. 1930
O.O.C. A St. L., Cairo div.— 4s, 1939
St.Lou.Div- l8tcol.ts'U8,e. 1940
BiiriuB.ACol.Div.-lst.ir 48 1940
WUitcW. Val.Div.-lst,K. 4s. 1940
Cln.San.ACl -Con. 1 st,K.58, 1928
OI.C0I. Cin. A Ind.-l8t, 7a,8.r. 1899
Consol. sink, fund, 78
1914
Clove. A Mall. V.-Gold, 6a.'.'. 1938
Colorado Midland— 1st, r., 6s 1936
Columbia A Green.- Ist, 69
1916
2d, 69
1926
Del. Lack. & W.— Convert.'7s 1892
MortKage 7s.. .
1907
8yra. Binjt. A N. Y.—YstV7B. 1906
Morris A Essex- Ist, 7s.
1914
2d, 78
1891
Boud.9, 79
1900
'..'.'.'"
78of 1871
1901
lat, con., guar., 78
..'
1915
»*1. A Hud. Can.— lat, ex. 78. 1891
Coupon, 78
1894
Pa. Div., coup., 7s
1917
Albany A 8u.Hq.-lst,i?u.'78'. 1906
I8f, cons., Kuar., 69
1906
Bftn.s. A .Sar.— 1st, coup.,
73. 1921
Ceuver City Cable- l.st,08 1908
Denv. A It. G.-Imp., ^., 59. .. 1928
S. Tenn. Va. A Ga.— l»t, 78. 1900
C—
75
92=8 93
•119
121
122
115
.
50 vear
.
1037
1940
5s, g.,
Unifled, gold, 4s
Pens. A At.- Ist, Gs, gold. ..1921
Nash. Flor. A 8. 1st gu. 58.,1937
Lou.N.AIb.ACh.— Gen.m.g.58.1910
Lou. N. O. A Tex.— Ist, Is.... 1934
1934
2d mort., 5s
Manhattan Ry.— Cons. 4s
1990
Memphis A Charl.— Os, gold.. 1924
I!il5
Istoon. Tenn lien, 7s
92I4 Mexican National— 1st, g., 68.1927
1917
2d, Income, 69, "A"
,
2d, Income, 69,
95
88
83
"B"
Michigan Central—69
Coupon, 58
Mortgage 49
Jack. Lan. A Sag.— 68
1917
1909
1931
1940
1891
S.AW.— Uonv. deb., 59.1907
1924
Mieh. Div., 1st, 63
Ashland Division- l8t, 68 ..1925
Mil. L.
112
102
130
128
134
Inoomo9
1071s Minn.A St. L.— Ist, g. 78
Iowa Extension, 1st, 7s
107
2dmortg.,7s
Southwest E.xt.— 1st, 78
Paoiflc Ext.— Ist, Os
130
103%
117
"120
-130
133 Hi
1927
1909
1891
1910
1921
1922
Impr. A equipment, 6s
Minn. A Pac— 1st nu)rtg.,59.1930
Minn.8. Ste. M. A Atl.— l8t.53.192C
Minn.8t.P.A8.S..M-lstc.g.4s.l938
Mo.K.AT.— K.C.AP., I8t,48,g.l9y0
Dal. A Waco— 1st, 58, gu.... 1940
Missouri Pacillc— Trust 5s.. .1917
1920
lstcoU.,.58, g
SUL.AI. M.-Ark.Br.,lst,7s.l895
Mobile A Ohio— 1st ext., 69.. .1927
1931
St. L. A Cairo— 4.9, guar
Morgan's La. A T.— Ist, 68.... 1920
118 120
1918
•141
l8t, 73
Nash. Chat. A St. L.— 2d, 6a.. 1901
i02
New Orleans A Gulf— 1st, 6s .1926
riO
•109
N. O. A. No. E.— Pr. 1., g., 68.. 1915
Divisional ."is
1905
98
193(1 102
N. Y. Cent.— Deb. g. 4s
l»t ext,. (fold, bsk.. '.'..'. "
N. i. June—Guar. 1st, 4s.. .1986
1937
74
Kq. A Imp., K., 5s
Beech Creek— Ist, gold, Is.. 1936
1938
Molulo A Blrm.— 1st, k.,5s.' 1937
N. Y. N. H. A U.— Ist, reg. 48.1903
Alatmma Central— 1st 6s 1918 • '"*"' ii2" N. Y. A Northern— 1st, g., 58.1927
'fie— Ist. extended, 79.
113i»
1927
2d, 4s
1897 112
k 2d, extended, 5s...
72
N. Y. Susq. A West.- 2d, 4138. 1937
1919 II2I3
3d, extended, lijs.
g
1940
mort.,
59,
Gen.
1923 107
4th, extended, 5r...
1920 *110
Xorth'n Pacilk— Divld'dsorlp ext. 100
Sth, Dxteuded, 48.
James River Val.— Ist,-8s...l936 101
1928 100
l8t, eons., fd. coup., 78.
1936
Spokane A Pal.— Ist, 68
1920
132
Reorg., Ist lien, 08....
St. Paul A N. P.— Gen., 68. .1923
1908 *105 107
B.N.Y. A E.-ist,79. ...::: 916
.
Helena A i;i(l.M'n—l9t,g.,6s. 1937
K.Y.L. E.AW.-Col.tr.,68. 1922
Dulut liA .Manitoba— lst,g.68l936 lom
Funded coup., 58....
Dul.AMaii Dak.Div.— I8t68.1937 lOlia
1969 "ib"
(^Iteoine, 6s
Ca;urd'Aleue—l3t,6», gold. 1916
1977
Bnir. A S. W.-MortK'.'os"'
1938
Gen. Ist, g., 63
1908 •100
Jefferson— Ist, gn. g. 5s
Ceut.Wasbiiiglon- l8t,g.,6s.l938
1009 •10313
Chicago A Erie, l8t,g.,4-5s 19.^2
Chic. A Nor. Pac— 1st g. 58.1910
S?!* so'is
Income, 58...
29I9
Seattiel^.H.AlOa.st.— I8t,68,g.l911
1982
96 la
N.Y.L.E.AW.CoalAR'R.— 6s. 1922
Norfolk A West.— General, 6s. 1931 120 Si
Srans. A X.H.— l8t,cou».,68 1021 •llSTg
1932 114
River, 1st, 09
New
Mt. Vernon— l8t (is
1934
1923 109
Imp. A Ext., 6s
6ul. Co. Branch— 1st, g., Ss 1030
1924
Adjustment M., 79
Xvaus. A Indian.- Ist, cons ' 1926
1908
Equipineut, 5s
Flint A P. Marq.— Mort., 69
90
1920
1957
Clinch Vai. I8t5s
120
1st con. gold, 58
73
1939;
acioU) Val. A N. E.— l8t,48,.1990
100
Port Huron— Ist, .58 ...
1030! *
Ogd. A Lake Ch.— 1 st con. 6>.. 1920
98
• No pr.oe Friday; these are
the laiesljqiiotatlois made this week.
.
I
,
'
noiia
....'..
108
*...... i4"iis
100
Bl
Poiin.RR.-P.C.AS.L.-l8t,c.,7s.lU<)0
Plttia Ft.
22
W. A
1912
1912
8. fd., 7«.UI00
68.1892
St. L.V.&T. n.— 1st, 69., 7s. 1897
1898
2d, 7s
1898
2d, guar., 79
102
102
63
90
70
•
92 >4
A
A
A
1916
2d income, 68
"so
Rich. A Dan v.— Debenture 63. 1927
Eqidp. M. 8. f., g.. 58
1909
Atl. & Char.— 1st, pref., 7s. ) 89'
1900
do.
Income, 6s
70
RIoGr. Junct..l8t,gitar.,g.,58.1938
7li« Rome Wat. A Og.— 1st M., 7a. 1891
1925
St. Jos. A Or. Is.- 2d inc
Kan. C. A Omaha— Ist, 53.. 1927
St. L. A. A T.H-2d m. mc.7s.l894
128
1894
Dividend bonds
Bellev. A So. lU.— Ist, 83...1896
117H
Bellev.
6s
1923
107%
A Car.- 1st,
Chi.St.L.APad.— Ist,gd.g.59l917
101 14
gd.
4».
1931
St. Louis So.— 1st,
g.
do
2d income, 5s. 1931
.
Car.
i'liij
101
35
A Shawt.—l.st g.
139>fl
*•«
•••>•
A
A
••«••
1
Pltts.C.CASt. L.— Con.g.4Hi9 A 1 940
Pitts. Clove.
Tol.— 1st, 68... 1922
Pitts.
L. Er.— 2d g. 5s, "A". 1928
1932
Pitts. Me. K.
Y.— Ist 6.8
108 13 Pitts. Palnsv.
P.— 1st, 5s. ..1916
Presc't
Ariz. Cent. 1st, 6s,g. 1916
iod"
-137
•130 136
118
lOOOg 101
* OM Ifl
•107 14
•107 "4 ......
Peo.AE.-Ind.B.AW.-l8t,pf.79.I9O0 no's
Ohio [nd.AW.—latprct. 38.. 1938
Peoria A Pek. Union— Ist, O9.I921 110
192
2d inortg., 4149
• 26
Phila. A Road.— 3d pref. convert
108
108^
••
C— Ist, 7»... 1912 •138
2d, 78
3d, 78
Clev. A P.—Cons.,
4tb,3lnk.fund
10.3
••••
'lib"
95
99
•100
•100
......
1001s
*
*•-....
*
.
71i»
102i«
55
109
111%
60
77
4s. ...1932
Lou, A S.Fran.— Equip., 7s,189D
1931
General 53
1987
Ist, trust, gold, 53
Kan. City A 8.— Ist, 63, g...l916
831a
109
Ft. 8. AV. B. Bg.— 1st, 69...1910
St. Paul A DiilutS- l8t,58....1931
1917
2d mortgage 59
St. Paul jfinn A M.— 1st, 78.. 1909
65
1909
2d mort., 69
Minneap. Union— lat, Os .... 1 922
Mont. Cen.— Ist, guar., 6a..l937
101
East. Minn., Ist div. Ist 53.1908
76^8 78
I8au Fran. A N. P.— 1st, g., .5s.l919
10218 103
1931
South Carolma-2d, 68
80. Pac. Coast- 1st, guar., 43. 1937
"ib" 82
Texas Central— 1st, 9. f., 73. ..1909
1911
86
Istraortgage, 73
Texas A New Orleans— 1 st,73. 1 905
191
Sabine Division, 1st, 6s
Tex. A Pac, E. Div.— 1st, 6s. 1903
101
112
IThird Avenue (N.Y).— l3t 53, 193"
191
Tol. A. A. A Cad.— Os
97
1919
'"iY 40 jTol. A. A. A Mt. PI.—63
1940
Tol. A. A. A N. M.— 5s, g
1896
115
Union Paciflc— 1st, 63
1997
110
1st, 69
1898
Ist, 6s
100
•109
1 908
Collateral Trust, 6s
1907
Collateral Trust, 5s
1895
C. Br. U. P.— F. c.,73
113
Atch. Col. A Pac— 1st, 63... 1905
100
Atch. J. Co. A W.— 1st, 6s... 1905
102 107
U. P. Lin. A Col.— Ist, g., 58. 19 1
Oreg.S.L. A U.N.,coLtrat.,3s.l919
102
1908
40
Utah A North.— 1st, 79
1926
Gold, 5s
70
Utah Southern— Gea., 73 1 909
89
1909
Exten., Ist, 79
60
Valley R'y Co. of O.— Con. 0s.l921
Wabash Deb. M., series "A". 1939
1 895
No. Missouri— 1 st, 7s
88
87
St.L.K.C.&N.— R.E. ARR.7S. 1 895
7213
St.CharlesBr'ge- l9t,U3. .1908
West. Va. C. A Pitts.— 1st, Gs.lOll
94
Wheel.AL.E.— Ist. 58, gold. ..1920
75
1 930
Extension A Imp. g., 58
103 Hi
nisreJIaueuiia Bonds.
102
88.
Deb.,
..1900
Cot.
Oil
g.,
Amer.
IOSI2
Aruer. Water Works— Ist Oa. 1 907
1007
119
l8t cons. 5s, g
C;ahaba Coal Min.— 1st g. 7s.. 1007
112
'
Ask.
Ohio
1
C—
Bid.
102
821a
100
St.
90
•
->
95
••••>«
1151s
109
109
99I3
i
102
103
111
80
I
82%
lOOHi
•106
108 ^
iii%
83
••
•ib-i"
*
78
79
71
71
ibo"
'"ii"
97
97
. .
—
ibsii
iio"
106
.
•106
'93%
93
103
.
•"971^
108
112
ChicJun.AS.Yds.- Col.t.g,3s,1915
1919
Colorado Fuel— Gen. 6s
981s Col. A Hock. Coal AI.—6s,g.. 1917
Consol'n Coal— Convert. 6.-1...1897
96 is Cons. Gas Co., Chic.-lst gu.5s.l936
Denv. C.WatWks.- Gen.g. 5s.l910
108
106
50
102
Det.Un.DepotAStn— 1st g. .Is.l938 *'•""" 99"'
Edison Elec. 111. Co.— 1st, 58.1910
1905
100
Equitable G. A F.— 1st 69
Henderson Bridge— 1st g. 69.1931 io3"
iNatiou'l Starch Mfg.— 1st, 69,1920 • 95
oils
'N. Y. A Perry C A I.— 1st, g. 6s,1920
100 >8 'Northwe3leru Telegraph- 7„, 1904
People's Gas A Coke ) l8tg.6s,1904
Co., Chicago
io6"
J 2d g. 63,1904
1919 ido"
IPeorlu Water Co.— 68, g
Pleas. Valley Coal— Ist g. 6s. 1920
105
llOis ProctorA Gamble- lst,g.,6s.l940
West. Union Tel.— 73... 1875-1900 109
105
Unlisted BondH.
103
Ala.AYiek8.-Consol.5g.,1921.AAO
90
77
income till '94, 1921..AAO
70
M.,
2d
98
I
98-
I
Vicks. A.Merid.,lst 68,1921. AAO
Atlanta A Charl.— Ist 7s,1907.J.S£j
ComstockTuu.- Inc.48, 1919.MA.N
Georgia Pac— Ist 68, 1922.... J AJ
Consol. 5 g , 1023
92
Income 5a
96
74>s Little K.& Mem.- l8tSg,1937.M&8
AAO
96
117
28
95
80
100
119
32
99% 101
60
16
68
70.
Mem. AChttrl.-CoDB.7 g.,1915.JAJ
tuaiH
.
..
.
..
..
.
...
..
.
THE CHRONICLE.
154
[Vol. LIII.
Latest
So AD?.
ireeA-
or
Earnings Reported.
Ho
1891.
1890.
AND
flailr^ad %nUllxQtnct.
The Investors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Stocks and Bonds of Mailroads, and other Oovipanies, with remarks and statistics eonearing the income, financial status, etc., of each Company.
Geo. So. &Fla.. J une
Georget'n&Wu
April
3dwK July
Uin.K.&Ft. W. 3d wk July
Other lines. .. 3d wk July
Total all lines. 3dwk July
Grand Trunk. .. Wk July25
Ohio &Gr.Tr. Wk JulylS
Det.Gr.H & M. Wk JulylS
Great North'u St. P. M. & M. June
East, of Minn. June
Gr. Rap. (felud..
62,174
4,017
53,728
8,752
4,204
66,683
397,364
66,591
21,523
Jan. 1
to
Latest Dale.
1891.
1890
»
363,662
14,513
321,033
58,008
13,517
3,485
67,218 1,269,4(12 1,406,322
233,161
255,579
10,904
124,l>i6
120,332
3,983
82,105 1,626.697 1,782.232
10,994,952
396,189 10,396.765
65,044 2.016.772 2,054,887
571,101
595,909
18,656
4,309,386 3,889,810
414.945
253,176
48,5,996
622.464
MontanaCent. June
5,346,792 4,628,979
Tot. system. June
viz.,
2,r.77
21,150
17,161
2,753
Gulf & Chicago. June
and is furnished without extra charge to all regular sub- Housatonic
584,489
574,205
121,620 133,431
May.
70,313
75,236
10,300
9,699
teribers of the Chronicle. Extra copies are sold to sub- Humeat'n&SheD .June
33,5a0
5,897
Hutch.&South'n June
1,384,634 1,123,259 8,470,401 7,595,876
teribera of the Chronicle at 50 cents each, and to others it Illinois Centr'la. June
206,283
207,661
31,060
31,032
iQd.Dec.itQuin June
$1 per copy.
295,618 277,793 1,691.066 1,735,789
In. &Gt.North'u June
occupying
841,633
861.864
Bonds,
33,132
and
July
32,270
Stocks
wk
Iowa
Central
3d
Quotations
The General
of
19,479
18,3.19
2,449
2,841
Iron Railway
June
354,340
fix pages of the Chronicle, are published on the third Jack'T.South't'n 3d wk July
572,372
28.034
12,175
354,340
449,490
44,854
35,233
J'k'nv.T.&K.W. June
Saturday of each month.
1 67,003
168,904
5,861
7,977
Kanawha&Mich 3d wk July
222,648
159,010
4.743
5,262
Kan.C.OI.&Sp. 3d wk July
2,558,863
2,431,253
July
74,863
74,578
i&Mem
3dwk
K.C.F.S.
631,119
608.707
16,897
15,735
K.C.Mem. & Blr. 3dwk July
182.769
205,277
7,511
6,116
Keokuk & West. 3d wk July
Reported.
Earnings
Latest
79,836
64,448
Jan. 1 to Latest Date.
12,9»6
16,231
Kmgst'n &Pem. June
31,129
31.706
5,420
5,370
L. Erie All. & So June
1890.
1891.
Week or Mo
1890
1891.
74,674
53,125 1,045.157 1,594,773
KOADS.
L, Erie & West. 3q wk July
169,996
200,309
37.2.30
33,200
Hud..
June
Lehigh &
$
278,076
345,503
10,624
9,772
L. Rock & Mem. 3d wk July
20,600
35,000
407,751 395,047 1,760,111 1,631,785
Alabama Midl'a. June ...
June
Long Island
219,843
203,5731
171,872
1,168,173 1,199,499 Louis.&Mo.RiT. May
154,588
33,774
33,195
AUegtaeny Vai.. June
627,471
811,522
29,730
Atoh.T.&S.Fe.. 3d wk July 673,288 552,200 16,746,503 16,024,529 Louis.Ev.&St.L. 3d wk July
26,139
28,553
31,198
932,667
892.230 Louisv.&Nash-v. 3d wk July 423,625 350,315 10,405,012 10,129,862
Halt owned... 3d wk July
1,333,828
1,459.669
61,242
Total system. 3d wk July 704,486 580,753 17,511,140 16,748,726 Louis.N.A&Cb. 31 wk July
45,066
BtL.&SanF.. 3d wk July 126,978 120,811 3.440,959 3,240,728 Loiiisv.N.O. <fe'l- 3d wk July
46,717
47,318 1,866,274 1,401,299
28,053
30,604
201,994
874,615 Lou.8t.L.&Tex. 3d wk July
913,781
230,695
Half owned.. 3(1 wk July
8,434
6,684
148,864
157,582
July
39,510
4,354,740 4,115,314 rjvncbo.&Diir'm June
85,724
Tot.8.L.&8.F. 3d wk
14,194
9,146
729,617
862,068
July
wk
3d
736,908
20,864,069
21,865,879
total
..
654,630
ARg.
110,721 143,051
Memi>his&Chas May.
55.339
64,308
Atlanta* Char.* April.. .
145,116 101,924 3,821.668 3,505,688
Cent... 3d wk July
(Mexican
5,581
5,915
48,356
49,213 (Mex. National 3d wk July
Atlanta &Flor'a June ...
71,757
63,273 2,280,492 2,050,811
26,503
27,859
217,382
213.974
Atlanta AW.Pt. June
75,636
73,244 2,128.113 1,967,238
K'way WkJ'ne27
1,4«0,000 1,486,008 8,674,742 8,771,999 [.Mexican
B.AO.EastLines June
87,097
86,313 l,785,'-:82 1,983,941
3d wk J uly
481,550 430,35a 2,662,794 2,750,551 Mil.L.Sh.&West
826,396
Western Lines June
8T8.919
No 3d wk July
34,773
30,415
1,971.550 1,916,364 11,337,536 11,522,550 Milwaukee*
Juue
54,893
Total
62,552
11,625
10,896
43,122 1,229,522 1,220,289 Mineral Range.. June
52,432
650,565
BaL&O.Soutliw. 3d wk July
743,175
99.48)
&St.L.
130,329
June
Minneap.
150,479 143,451
943,684
844,906
Bait. & Potomac June
829,096 M.St.P. &S.S.M. June
912,153
168,080 131,031
6,526
3,318
26,811
Blr. & Atlantic. June -39,246 Mo. Kan. & Tex. 2d wk July 158,837
147,858 4,194,676 4,035,324
16,763
17,962
74,353
151,468
Bir.Sh.&Term.B May.
81,368
179.430
6.508
Pac
July
8,602
&
2dwk
Kan.
C.
610
April 7,471
Bishopsville .
5,122
167,440 151,366 4,374,108 4.186,793
Total Syst'm 2d wk July
1,729
1,882
13,179
118,282
Blackv. Als.&N .\.pril
11.765 .Mobile iSiBirm.. IstwkJuly
130,587
4,222
3 737
45,70,1 1,463,981 1,112,821
51,176
Bnff.Roch.arPitt 3d wk July
250,889 258!002 1,712,070 1,,595,240
Juue
54,371 1,731,230 1,513,395 Mobile & Ohio
60,693
162.249
Bur.C.Eap. &N 2d wk July
436.070
70,302
36,180
Monterey&M.G June
62,185
54,672
227,570
Camden &Atl. May.
230,429
306,359 275,359 1,868,305 1,709,636
Nash. Oh. & St. U June
49.142
43,453
Canada Atlantic May.
96,940
104.230
ifeN.Y. May.
23,244
23,044
Canadian Pacific 3d wk July 384,000 359,000 10,178,465 8,383,173 N. Jersey
74,155
85.602
13,194
10.292
Orl. &Gull June
11,323
11,173
Cp.FT&Yad.Val 3d wk July
318,255
230,745 New C.& H.K.d June
19,604,497
3,450,000 3,328,000 19,938,642
N. Y.
1,588
3,780
Car.Cum.Q&Ch. April
15.121
13,724,377
8,937
13,785,924
W
&
2,426,790
June
2,584,494
626,023 552,502 2,923,954 2,781,162 N. Y. L. E.
Oen.KR.&BK.Co April.
&Ohlu May.
510,870 593,101 2,561,002 2,905,104
1 ,250,443 1,196,207
Central of N. J - June
6,505,268 6,062,020 N. ¥. Pa.
550,392 514,832 2,918.417 2,798,296
1,380,451 1,374,295 6,174,535 5,518,508 N. Y. &N.Eng.. Juue
Central Pacific.. May.
262.110
233.685
42,646
45,540
Y. &North'n. June
8.110
6,862
37,921
Central of 8.C.. April
45,280 N. Y.Ont.
&
W..
52,610 1,566,628 1,184.025
64,497
3d wk July
N.
11,139
Char.Cin. &Cliic .May.
62,366
710,361
752,978
155,373 150,654
8usq.& W.. June
56,553
61,591
Oharlest'n & Sav May.
369,870
328,060 N.Y.
179,367 182,921 4,818.222 4,497,903
Sorfolk&West.fc 3d wk July
5,974
3.252
Char.Sum.&No. April
36,579
18,996
287,684
319,325
C.i April
57,239
70,833
11,154
8,214
Chatt'u'gallni'u June
47,981
54,548 N'thea8t'n(8.
Central. June
576,817 548,852 3,175,603 3,256,944
6,046
6,335
Oheraw. &I)arl. May.
47,440
41,129 North'u Pacific 3dwk July 436,041
472,561 11,898,302 11,263,097
1,460
1,400
Cheraw.&Salislj April
10,635
9,304 Northern
91,209
81,947 2,195,372 2,194,180
3d wk July
109,785 147,614 4,491,318 4,031,678 Ohio & Miss
Ohes. AOhio.... 3d wk July
99,373
105,256
18,879
20,313
Ohio&Northw..
June
177,165
154,975
June .
Ohes. O. & 8.
1,085,604
933,435
4,292
5,-<37
790
1,082
Col. & Maysv. June
2,609,199 2,740.583 14.769,587 16,937,025
Ohio. Burl. & Q. June
342,061
34'i,59u
16,221
July
wk
15,500
3d
ObioKiver
wk
July
91,515
72,790
Clblo.& East. 111. 3d
1,956,917 1,664,;S32
252,633
264.451
35,839
31,827
197,873 224,530 1,014,284 1,155,505 Ohio Southern.. J une
Chicago & Erie May
116,201
156,423
13,976
16,188
OUc.Mll.&St.P. 3d wk July 490,.504 470.391 13,838,659 13,052,646 OLioVal. of Ky- 3wkBjuly.
260,777
179,277
48,373
36,090
2,375.595 2,184,427 12,160,356 12,213.719 Omaba&St. L,. May
Chic. AN'tliwn. June
1,662,694
1,539,395
Co.
352,.<60
Imp.
May
325,193
56.960
Oregon
33,088
Chic.Peo.&St.L March
156,.i9'
95,205
Peunsylvauia .. June
5,410,655 5,172,004 31,475.411 31,968,511
1,287,692 1,158,541 7,518,965 7.987,341
Chlc.Eockl.&P June
425,037
487,248
15,002
16,052
82,129
66,566 2,258,983 2,275,209 PeonaDeo.&Ev. 3d wiv July
Olilo.St.P.&K.f. 3dwk July
236,162
238,111
47,708
May
46,833
578,612 514,657 2,642,655 2,522,430 Petersburg
Ohlo.St.P.M.&O .May.
1,988,803
1,821,111
503.964
Brie...
May
451,050
&
July
28.559
34,056
Phila.
Ohlc.&W..Micli. 3d wk
698,092
83i!,9»!3
9,661,527
9,y4!i,801
1,820,849 1,867,087
48,067
42,108
Phila. &Read'g June
Cln.Day.&lron. April.
1,663,421 1,602,406 8,436,820 7,793,003
5.466
5,883
Coal & Iron Co. June
Oln.Ga.ife Ports. June
29.700
28,432
Cos. June
3,469.194 18,381,626 17,454,530
both
3,484,270
13,237
14,106
Total
Cln. Jack & Mac. 3d wk July
386,145
344,852
18,159
20,835
Cb.
Juue»...
3,156,
&
3,769
Mar.
77,106 2,301,066 2,347,648 Pitts.
89,689
Oln.N. O. &T.P. 3d wk July
124.344
133,133
23,883
27.612
30,393
32,419 1,003,520 1,020,617 Pitt.Shen.&L.E June
Ala.Gt. South. 3d wk July
582,039
542,410
128,0671
Wesfn'May
117,658
July
&
16,342
18.0S7
N. Orl. & N. E. 3d wk
595,768
698,3:5 Pittsb.
194,145
163.151
39,525;
41.543
0.466
8,233
Pitts.Clev.&T. May.
Ala. & Vicksb. 3d wk July
321,507
352,831
104,546
100,034
28.703!
28,600
7,278
7,257
Vicks. 8h. & P. 3d wk July
Pitts. Paiu.&F. May
303,286
291,969
1,193,399
41,198 1,169,752
49,341
Total system 3d wk July
Erlanger Byst. 3dwk July 154,147 143,123 4,525,147 4,711,438
679,613
407,-878
123,721
June
110,613
2,111
1,544
Olnn. Nortbw'u. June
10,380
9.317 Pitt.Young.cfcA.
130,744
155,758
19,928
20,693
49,540
Oin.Wab.&Mich. June
57, 100
306,845
278.735 Pt. Royal & Aug. April
148,961
166,418
21,543
31,652
19,160
15,905
Olev.Akron&Col 3d wk July
497,965
448,348 Pt.Roy.&W.Car. April
59,918
58,186
12,337
13,925
66,347
48.310
OleT. & Canton. May
242,768
195,551 Pies.&Ariz.Cen June
114.906
122,738
20,500
July
June
263.402 2.51,070 6,982.891 7,000,643 (juincyO.&K.C.
20,508
CH.Cin.Ch.&8.L 3d wk
2,730,500
30,363
23,328
419,900 381,600 2,922.000
Peo. & East'n 3d wk July
805.129
788,287 Rich.&Danville. June
27,731
175,100 173,800 1,077,450 1,037,400
27,783
Clev. & Marietta June
Vir. Midland.. June
169.903
142,053
441,090
470,850
32,74" 1,090,075 1.020,158
54.900
36,557
60,900
Char.Col.&Au. June
Color. Midland.. 3d wk July
412,538
424,070
44.800
Greenv.
June
44,900
Col.H.V. &Tol June
280,754 238,991 1,376,845 1.299,093
Col. &
462,444
500,150
52,00.T
67,050
Col.81iawiicc&H June
22,642
78,700
West. No. Car. June
239,519
120,958
732,475
772.070
May.
126,300
1,600
1,800
Colusa & Lake. June
146,620
Georgia Pac
60,198
66,480
11,400
10,253
8,146
Covin, ic Maiou. April,
12,370
Wash.O.& W.. June
46,546
46,368
63,827
70,978
wk
July
10,200
AKioGr.
3d
174.200
Spart.
Juue
Denv.
184,000 4,309,791 4,389,744
9,900
Ashr. &
6,838,897
10,522
Des Moln. &No. June
9,215
Total Sys'iu. id wk July 279,305 261,925 7,245,385
56,499
48,827
144,846
139,391
31,705
DesM.&N'wesI June
14,628
Petersli.
May.
11,589
28,597
94,548
98,317 Rich. &
118,469
8.807
10,574
DetBay C.&Alp 3d wk July
5,793
269,135
313,849 Rio Gr'de South. 3d wk July
879.111
Det.Lans'K'^^o 3d wk July
22,469
20,430
35,550 1,294,4(2
53,200
633,556
630,445 Rio Gr. West.. 3dwk July
1,529,716 1,551,642
Daluth8.8.&Atl 4thwkApr.
38,055
May.
.59.728
Ogd.
307,456
&
288,191
W.
486,496
Rome
497,631
41,205
45,345
Duluth & Wiuu. June
6,008
8,301
5,378
8,462
36,944
26,950 Sag.TuscoIa&H. Juue
652,100
724.921
B.Tenn.Va.&Ua. March.
524,613 534,459 1,670,177 1,661,586 8t.L.A.&T.H.BV 3d wk July
27,095
27.780
1,900,866
2,030,209
-Kooxv. (ScOhio March...
63,272
49,501
71,220
72.793
189,647
119,639 St.L.Southw'ru. 3d wk July
620,420
746.406
Total system. May
497,661 592,244 2,907,701 2,94 -,i30 8t.Paul*Uul'tb June
111,153
166,195
777,369
824,314
BlKin Jol.i^East. May
42,889
42,827
49,023
249,824
61,411
227,108 8.Ant.&Ar.Pas3. iwksjuly.
368,636
401,303
ElIz.Lex.<tB.8.
April.
55,331
63,67!^
16.733
217,509
17,160
239,989 8. Fran.&N.Pac. 2d wk July
141,016
228,264
Erane.&lnd'plis 3d wk July
9,091
6,194
26,626
176,742
32,351
149,855 8av. Am. & Mon. June
146,009
144.7
Eranev. & T.
3d wk July
29,215
24,161
609,658
13,158
10,150
545,885 SeattleL. S. cfe B. IthwkMay
12,438
Pltobburg
May
537.234 584,216 2,701,437 2,700,422 Sliverton
28,189
May.
9,896
13,130
FUnt.4P.Mara. 3d wk July
51,923
178.706
50,599 1,615,332 1,675,412 SiouxCity&No May.
24,819
38,256
693,312
Florence
April
2,305
1.818
813,446
20,506
81,724
17.241 Bi>ath Carolina June
92,000
Flor. Cent.* P. 3d wk July
22,956
17,778
787,057
651.845 8). Pacific Co.—
1,644,743
FtW. AKloGr. June
18,470
10,114
103,596
Gal.Har.&S.A. May. ..
351,760 371,099 1,686,661
58.673
450,779
7.512
Oa. Car'la & No. April
4,633
375,136
42,435
102,486
Louis'a West. •May. ..
22.404
82,442
2,109,656
May
Georgia RR
119,383 116,849
794,100
Morgan' 9 L&T. May. ..
724.392
365,710 439,933 2,221,170
on the last Saturday of every other month—
January, March, May, July, September and November,
It is published
815.351
99,731
111,113
1,026,244
RAILROAD EARNINGS.
I
—
- .
.
.
.
.
.
.
W
.
'
.
.
755,449
54.816
107,842
918,106
1
..
.
AcousT
Mamingt
Jan, 1
BtporteO.
to Latest Itau.
Wukorllo
N. Orl 'May
Atluiilic HVK.C'May
Puolilo KyHteiii May
Tiiliilof
80
May
iill..
KK.-
Piio.
I
189,881
511,341
1P2.978
87,2«1
»o. DIv. (Oil.iMny
May
80. I)tv. (Cal.)
Ulv..[Mny
Arlzoiiii
New
#
16,584
07.095
(N.133
19.190
fll 1.710
131.S82 152.649
711,707
987,853 1.072.751 5.001.270 3.01 r,. 019
3.983.37-2 3.082,106 13.558,282 l'^,03 ,.M04
3,941,225 4,164,857 18,559,552 l7.0i»s.U08
Y.T.AMex. Mny
Mox.IJlv.,Mliy
A
9,41 1)
ll«.7(iO
Col L^prll
8|>ar, I'll.
Btuli'ii I-.1. It. T. .June
Bti>ii.Tl'I..Vt'Ml..
BdiiiiiiII lintiK'h.ljiino
Ijykciii* ValU'yi.hme
Tdfl liotli C.i'K .Iiine
May
208,430
761.2.50
789.462
S.')2,154
2,527.377
812.710
2,3 3, 169
428.450
47,352
448,102
434.373
41.319
7,584
616,501
464,661
40;i.l3i)
194,896
106,694
6.686
117,148
2,075
103.356
100.553
203.909
1
8.->3,125
4'J'.',832
:M wk July
2,390
107.993
91,877
199,872
15,100
118,394
July
553
1.107
M June
wk July
wk July
84.756
6.100
29,025
21,685
40,225
2.267
30,876
93.29.1
,50t.l-.;S
3H(;.73l
5.395
37,235
15,839
28.172
1.904
30,541
180,788
744,998
107.027
74:1.316
49y,(i:ii
494.891
616,766
466,642
474,462
64,816
767,526
420,353
513.535
122,303
1.721,597
3,344,284
49.458
Tot. cont'letllMay
3.393.742
Moil til im Un.. May
45.469
LeaT.Top. AS.'May
2.436
Man..\l.ABiir.jMay
3.463
Jolnt.owu'd.'a May
25.684
Grand total. May
3,419,426
Vermont ValleylJune
1 5.823
Wabaati
3d wk July 297.000
Wsb. Chest. AW. 'March
6.206
Wash, southern June
25,763
West Jersey
May.
112.068
W.V.Cen.APitts. June
92,323
West VU-.APitts. May.
14,430
Western of Ala. June
35.450
West.N.Y. A Pa., 3d wk July
73.000
Wheellu<c A L. E. i3d wk JiUy
23.024
WU. Col. A A' g.!Ai)ril
70.069
Wisconsin Cent. 3d wk July 111.319
Wrlghtsv.ATeu Ijuue
5.708
2.219,698
4,043,416
82.036
4,125,451
78,265
2.629
3,285
42.089
4,167.541
15,580
Temi. MkiIhik!.. .hiuo
T«xa.'< A
f'ai'iili'
Tex.S.Vii
AN.W.
Tol.A A. AN
Hii
wk
Tol. Col. ACiii.. lid
Xol.A Ohio Oont.
Iiil
A W.WI.. :t(lwk July
I.. A K.C. 3(1 wk July
Tol.&So.Hiivun.iMiiroli
Ulster A Del ... .May
DnloD PaeiilcOr.H.L.AU. .V.lMay
Or. Kv. A N'. Co. May
rol. P.
Tol.St.
;
Uu.l'ao.D.AG.'May
8t.Jo.AOMrsl.jM.iy
AUoth.line.i. May
Tot.U.P.Sys.iMay
Ont.Br.&I,.L.(May
93.110
116.975
3,448,1! 18
278,000
5,303
26.006
120.578
78.678
8,472
31.303
72.300
.
.
.
.
* Flfcures
1,081. •.!20
15.9.55
22.9>->6
71.630
105.450
5.725
22.93
906,205
5,762
122,158
140.no:i
263.'il5
l,879,eiK)
071.903
375,100
2,040,924
44,100
cover only that part of mileage located in South
a Whuie ayst«m, hicUMin^ Iowa
H.172
4i;i,.'ioo
'.<: i.^iio
!ll,-<0i
3,3;is.:;:;3
'->:!. .I'd
Latest Uross Eariiiii^s by Weeks.— The
the foregoing table are separately
latest
140,3-23
4;io,e46
423,580
35,097
250,181
1.913,346
010, .550
308.537
2,65'2.502
41.203
|Caroliiia.
weekly
summed up
as
follows:
The returns continue very satLsfactory, and for the third
week of July there is a gain of $.540,031, or 8'65 per cent on
the 83 roads included below.
1891.
of July.
3<f iceek
A 8. F. system
Roads j'tly owned "u.
Bt. Louis A San Fran.
Atoh. Top.
.
Roa<ls ,rtly
Bait.
owned
>«.
A Ohio Southw
A
Butralo Koch,
PltM....
Canadian Pacittc
Cape Fear A Yadkin Val.
Chesapeake ,t Ohio
A East. Illinois
A Orann Trunk..
Ohlcatro Mil. A St. Paul.,
Chlcaco St P. A Kan. C.
Ohlcaeo
ChicaKO
ChlosKo
.
A West Mich
A M.ic
Cin. Jao.
Cleve. Akron ACol
Cleve. Cin. Chic. A St. L.
Peoria A Kastcrn
Colorado Midland
Denver x Rio (Jrande ...
Detroit Bay C. A Alpena.
Detroit (ir. llav. A .Mil...
Detroit l.ansinn A North.
vansville A
Xvaus.
liidianap...
A
Torre Haute...
Flint A Pere Marquett ^
ria. Cent. A Peninsula.
.
Grand
Kiipids
A
Indian...
CintinuatiR. AFt.W..
OlhiT lines
Grand Trunk of Canada.
Iowa
Cential
Jacksonville Southeast..
Kanawha A
.MicUisran
Kansas CI ly CI. A 8pr.
Kan. City Ft. 8, A \Ioin.
Kansas C. viein. A Birm.
. .
KeokuK A Western
Lake Erie A Western. ..
A .Memphis..
Louisv. hlvansv. A St. L.
Louisville A Nashville...
Louis. .V. Alb. A Chic
Louisville N. O. A Trias.
Louisville 8t L. ATexas.
Mexieaii Central
Meneau National
Milwaukee 1^. Hh. A West.
Milwaukee ,v Nor. hern..
New York Out. A West.
LltUe Koek
orfolk A Western
|rr>rth,Tn
Pi«ihe
Increase.
552.'200
31,198
23.333
'26.978
1'2C.811
30,604
52,432
51.176
384.000
11.173
169.785
91.515
66,591
490,504
82.129
34.056
28.053
43.122
45.705
359.000
11,323
147,014
72,790
6f,044
470,391
60,366
28,559
14,106
1
13.237
Cln.N.O.AT.Pac.(5road8)
1890.
«
673.288
154,147
19,160
263,402
30.3d<
36.537
174,200
8,807
21,5-23
22,469
9,091
29,215
51,923
22,956
53.728
8,752
4.204
385,349
33,132
28.034
5,861
4,743
74.863
16.897
7.511
74.674
10.624
29.730
423.623
61.242
46.717
8.431
115.110
71.7.37
87,097
31,773
64,4<)7
179.367
4R6.041
$
$
113.1 2
J
15,905
251.070
23.328
3 .',747
184.000
10,574
18,656
20.430
6,194
24.161
50.399
17.778
67.218
10.901
3,983
414,288
32,270
12.172
7,977
43,0.)6
47,318
6,684
101.924
63.273
86.313
30.413
52,610
182.921
472,3<«1
Decreaie.
$
121,088
2,613
6,167
2,551
9,310
5,471
25 000
150
22.171
18.723
1,547
20,113
15,503
5,497
369
9.80C
1,767
2,807
2,039
2,897
5,054
1,324
5,178
221
28,939
86i
15,862
2,116
519
285
852
r*
3,591
73,310
16,176
601
1,730
43,192
8,484
784
81,047
5.002
llhloKivcr
Peoria Uecatur.liEvan»v.
Pittsbure it Wcsti^rii
16,221
15,002
41,198
0,262
317
721
1
,0.50
Rich. A Daiiv. (H roads).
Rio Oraiido Western
261,925
8.143
17.3M0
Alt. AT. U. Brcbes.
Bt. liOuis Houthwestom..
Texas Sab. V.
N.
35..5,50
17,030!
27,095
71,220
1,167
110,975
5,393
37,239
15,850
28,172
248,000
72,300
22,986
105,450
8t
I,.
W
A
Texas * PaclHo
Toledo Col. A Cinn
Toledo A Ohio Central...
Toledo I'eoria A Western.
Toledo 8t. L. A Ran.Ulty.
Wabash
Wesleui N. Y.
A
Penn..
Wheelini?,fe Tyake Erie...
Wisconsin Central
Total (83 roads)
6,780,071' 6,240,040
et increase (865 p. e.)
issae of
August
.
683
l,573i
6U
"i',419l
705
i
8,210
5,826
12,053
40,000
700
38
5,860
650,053
940,031
110,023
33.
.
.-••••.
4,358
11,887
3.554
86.520
aro$$ Earnings.
1891.
1890.
Roads.
e
Allegheny V»lley..June.
203.573
Jan. 1 to June 30... 1,168,173
Atch. T. A 8. re....June. 2,678,163
Jan. 1 to June 30.. 14,872,353
July 1 to June 30... 31,942,206
B'ds J'tly ow'dd). June.
168,0.32
Jan. 1 to June 30...
846,058
July 1 to June 30.
1,721,450
Total Atch. sys... June. 2,846,195
Jan. 1 to June 30... 15,718,412
July 1 to June .30... 33,663,7 1 6
St. L. A San Fran. June.
544.973
Jan. 1 to June 30 .. 3,038,114
July 1 to June 30... 6,748,508
B'd« J'tly ow'd(i3). June.
165.235
Jan. 1 to June 30..
828,924
July 1 to June 30... 1,685,208
,
Ket Eamingt.-^-s
1891.
1800.
S
s
219,848
1,199,499
2,398,372
14,492,498
57.961
81,254
427.860
484,926
820.981
546,778
4,458,452 4,285,934
29,494, .500 9,636,441 9,900,694
125,171
7.650
5,493
804,199 def. 12,357
111,631
1,.309,857 def. 15,891
183,277
2,523,543
834,632
552,272
15,2')6,696 4,446.090
' 4.397,566
31,004,3.37 9,620,547 10,083,071
470.818
216,936
160,124
2,893,878 1,109,715 1,144,194
6,391.067 2,907,649 2,010.271
122,548
11,033
9,573
788,308
def. 418
128.853
1,475,238
15.527
209.959
Tot.S.L. A S. r.Sys. June
710,208
593,366
237,969
109,897
Jan. 1 to JU' e 30... 3,867.038 3,684,1-16 1,109,297 1,273,048
July 1 to June 30... 8,133,716 7,869,306 2,923,170 3,120,231
Tot. both systems.June. 3,556,103 3.110.909 1.002,600
721,968
Jan. 1 to June 30.. .19,385.419 18,980,882 5,615,393 5,670.613
July 1 to June 30... 42.097.432 38,873,603 12,513,723 13,204,202
Bait. A Potomac
June
150,479
143,151
37,202
33,860
Jan. 1 to Juno SO...
844,908
829,098
222,515
187,765
Canadian Paciflc.June. 1,600,482 1,403,000
601,813
518,116
Jan. 1 to June 30... 9,031,405 7,334,173 2,954.522 2,223,374
Cent.of New Jersey. June. 1,250,443 1,106,207
557,797
551,745
Jan. 1 to June 30... 6,503,268 6,062,020 2,699,875 2,400,366
Chesapeake A Ohio. June.
680,815
605,041
171,118
61,016
Jan. 1 to June 30... 4,015,445 3,607,947
980,104
614,842
July 1 to Juno 30... 8,127,062 7,161,949 2,206,574 1,706,823
Chic. Burl. A (Juincy. June. 2,609,199 2,740,583
949,077
742,889
Jan. 1 to June 30... 14,769,587 16,937,025 5,017,015 5,591,584
Colorado Midland.. Jun».
16fi,37S
172,308
32,290
65,177
Jan. 1 to June 30...
987,855
916,716
243,704
298,041
July 1 to June 30... 1,968,265 1,724,790
581,367
558,943
Col.Hock.Val.ATol.. May.
231,504
259.153
84,910
127,161
Jan. 1 to May 31
1,096,091 1,060.702
445,252
488,£06
Det. Bay City A Al June.
43,655
62,875
18,880
27,423
Jan. 1 to June 30...
243,329
279,954
98,795
138,947
Jack. Tarn. A K.W... June.
44,854
35,233
16,484 def. 9.4 20
Jan. 1 to June 30...
449,496
3.54,340
211.735
86.724
July 1 to June 30...
705,267
631,015
257,339
134,003
Mexican National. June
330.750
261,485
86.586
48,374
Jan. 1 to June 30... 2,078,503 1,860,139
562.270
3«6,529
Mil. A Northern
May.
120,993
142,072
31,437
56.898
Jan. 1 to May 31...
612,'261
636.322
222,071
214.425
July 1 to May 31 .. 1,830,442 1,426,942
568,110
476,505
N.T.L.E.AWestern.June. 2,581,494 2,426,790
1940,938
1804.799
Jan. 1 to June 30. ..13,785,924 13,724.377 14.623.949 14,579,657
Oct. 1 to June 30. ..21,390,722 21,196,411 17,193,805 17,215.096
Norfolk A Western June
702,797
690.914
224.157
221,057
Jan. 1 to June 30... 4,277,910 0,972,474 1,321,941 1,220,396
Iforthem Central.. June.
576.817
548,852
185,474
149,337
Jan. 1 to June 30... 3,175,603 3,256,944
057,919
007.201
Phlla. A Reading. .June
1,820,849 1,867,087
869,531
912,513
Jan. 1 to June 30... 9,914,804 9,661,527 4,253.432 3,888,985
Dec. 1 to June 30. ..11,630,916 11,316,470 4,953,101 4,554,489
Coal A Iron Co.... June. 1,603,121 1,002,40^
14.133
32.80O
Jan. 1 to June 30... 8.436,820 7.79,1.003 df.318,7 (5 df .287,166
Dec. 1 to June 30... 10.043.197 9,167,599 df.308,868 df. 313,653
Total both Co.'s. .June. 3.481,270 3,469,491
883,664
945.318
Jan. 1 to June 30. ..18.381,626 17.451..530 3,931,717 3,601,818
Dec. 1 to June 30. .21,074.113 20,484,068 4,614,233 4,238,833
Statenl. Rapid Tr.. June.
117,143
57,246
116,760
47,954
Jan. 1 to June 30...
422,832
448,102
104,400
109,243
July 1 to June 30... 1,030,184
944,419
331,281
295,981
Wheel. A Lake Erie. May.
98,214
43,182
39,828
104,097
Jan. 1 to May 31...
493,111
4.50,432
185,082
179,600
July 1 to May 31... 1,105,294
432,000
376,733
040,560
Whttebr'st Fuel Co t May
def.4,406
9.659
70.833
Jan. 1 to May 31...
40,310
July 1 to May 31...
128,647
138.116
.
.
.
.
.
. .
13.490
2.152
1,162
1,395
21,549
Ohio A MlsRlssippt
Ohio Val. of Kentucky...
.
11,024
3,255
12.332
7,039
3,810
5,'262
74,378
13.735
6.116
53.125
9.772
26.139
350.315
Dteriam
»
Net Earnings Monthly to Latest Dates.—The table following shows the net earnings reported this week, A full
118,385
detailed statement, including all roads from which monthly
'i.S32,049 returns can be
obtained, is given once a month In these
1,4-7.631
2.113.101 columns, and the latest statement of this kind will be found
017,113
9.093.992 in the Chronicle of July 18. The next will appear in the
years Scioto Valley Division, and Maryland & Washington Divi.sion
(Shenandoah Valley.)
c Includes earnings from ferries, etc.. not
given separ ilely.
rf Includes Kome
1 Mexican currencv.
Wat. A OgiL in both years for June and the six mouths.
eaniiiig.s in
Inereate,
i"
1
6 luciude.4 In liotb
lines.
1800.
83 .733
3.384
3.039,785
2.132,482
2,011.900
302,851
7,980,933
15,408,020 10.107.888
253,803
510.520
15,723,881 10,018,107
348,807
34^.363
11.97-1
12,577
10,70'.
13.961
188,741
187.450
15,912.023 1C,S0,T.858
82,563
80.016
6,882,992 0,780,181
15,699
14.209
497.537
547.443
48.120
1801.
1890.
S
•
to.Pac.CoAOoH\
A
1801.
1800.
180t.
15
Sd aetk of July,
R>AI>«
Tex.
1
THK ('HRONIOLE.
1, lb01.]
Lalttl
H.
..
,
.
.
.
t After deductlnif proportion
due roads operated on a percentage
basis, net in Jiine. 1891, was $733,952, against * >29.324 in 1890; for
6 months to June 30. *3,463,101, acainst $3. '194, 893, and Octolier 1
to Juno 30, $5,330,817, against $3,334,943 last year.
•'
ciKbt-hour strike."
1 Mines idle in May account of
—
THE CHRONICLE.
156
—
The foUowing roads, in
Interest Charges and Surplus.
also
addition to their gross and net earmn2;3 given above,
or deticit
report charges for interest, &c., with the surplus
above or below those charges.
,-InterH, rentals, <«c.-, ^Bal. of Net Earns^
S
which was published
in the
Cheonicle June
27,
page 973.
Chicago & West Michigan. The report of the sale of the
Toledo & South Haven RR. to the Chicago & West Michigan
is said to be confirmed.
The road is narrow gauge, extending
1890.
1891.
from South Haven east to Lawton, Mich., 37 miles. An ex*
$
tension is proposed from Paw Paw, north of Lawton, north},^7-2'JJ
9o0,4S0 east to Kalamazoo, about 20 miles. ER. Gazette.
265,615 ^^i?^-^l?,
1890.
1891.
KMidi)
792,000
Clilc.Bu;i.&Quii.cy.June.
Jan. 1 to June 30... 4,752,000
ization plan,
[Vol. LIIL
$
773,515
4,641,094
—
—
Detroit Street Railways. At Detroit, Mich., on the
23d inst., the whole system of the Detroit street railways,
over eighty miles in length, was purchased by Waller, Cook
& Wagner, corporation lawyers of 15 Wall Street, New York,
American Sugar Reflnin? Co.— The petition of the Sugar representatives of a New York and Boston syndicate. The
-Trust for the dissolution of the Brooklyn Sugar Refining Co. various companies will be reorganized into one company and
has been granted by the Supreme Court in Brooklyn, and the the present horse car system be changed into the cable or
alectric system.
Tranklin Trust Co. was appointed Receiver.
Great Northern. The operations of the land department
Brooklyn City Valuations.— President Thomas A. Wilson
of the St. Paul Minneapolis & Manitoba Railway for the year
of the Department of Assessment, has given out summaries
ending June 30 were as follows
of the results of the work of the Assessors in connection with
1890.
1891.
Increase.
the valuation of real and personal property for purposes of Acres
GENERAL INVESTMENT NEWS.
-
—
:
taxation in 1891. The total amount of the increase of real
valuation is $17,857,396, as against §33,874,309 in 1890. The
total amount of personal valuation is only $18,111,779, or a
decrease of $3,785,028 when compared with the figures of last
year.
Following is a table showing the valuations by wards for
1891 :
1890.
$
Ward.
1
2
8
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Total
*
Increase.
1891.
$
30,252.400
5,957,900
14,438,550
12,809,550
5,680,460
18.424,650
24,501,530
12,665,870
8,5B3,260
12,705,140
13.480,530
11,859,720
15,788,470
9,904,450
7,227,840
10,540,020
16,473,320
28,683,480
19,570,820
21,446,470
19,765,754
36,322,450
25,831,120
9,595,240
27,545,400
10,993,050
30,701,500
6,034,720
15,258,720
431,027,444
448,657,770
$
449,100
76,820
820,170
310,900
89,020
278,650
218,860
1,284,270
455,340
258,510
196,850
318,610
353,900
223,800
130,540
393,100
792,720
2,355,060
177,960
13,120,4,50
5,769,480
18,703,300
24,720,390
13,950,140
9,0)8,600
12,963,650
13,677,380
12,178,330
16,142,370
10,128,250
7,358,380
10,933,120
17,266,040
31,038,540
19,748,780
21,219,400
20,439,600
38,498,040
2ti,635,o20
10,743,730
30,370,630
12,038,710
1,148,490
2,825,230
1,045,660
'tieth, with a decline of about §227,070.
Last year the same
Ward showed a decrease from 1889 of §108,960. Mr. Wilson
~feys that the decrease this year was chiefly owing to the
abandonment of the elevated road on Park Avenue, which
will later on be removed.
The personal valuations are summarized as follows
1890.
1891.
Decrease.
:
3.023,267
3,149,900
33,200
3,435,250
[313,000
Eallroarts
Ferry companies
Trust companies
Other incorporated cos
3,032,772
2,144,400
Individuals and estates
Total
Inc. 9,500
2V62i',695
1,005,500
33,200
813,555
2,400,122
7,912,790
313,000
588,550
168,878
821,850
588,550
2,569.000
8,734,640
24.366
—
&
Florida.
—A
;
Jersey.
President Thompson of the Lead Trust is reported as saying
have now an extreme capital of §90,000,000. It
does not just now reach those figures, but properties purchased for cash recently will be capitalized, and the shares
held in the treasury, I think, for the benefit of all stockholders.
The stock ought to be put on a solid basis. As the
States have continually legislated against all trusts, and Federal action against trusts has been ordered, I think we should
at once make our business conform in every way to existing
laws. Our reason for obtaining a charter in New Jersey is
simply the fact that the form of incorporation in that
State is the best that has
ever
been
devised
by
any State. According to the prices prevailing today the
value of the property in the stock market would be only $15,000,000, although the company has more than half that
amount in actual cash in use in its business. The debenture
bonds which it is proposed to authorize would be used in part
to provide for the two items specified in the plan, and the
rest would be held in the treasury for the purpose of acquiring new properties, or to provide capital for carrying material,
which necessitates the use of cash aside from the company's
resources. The new bonds will not entail any additional
charge on the property."
:
17,857,396
Decrease, $227,070.
companies
Insurance
110.951
Proceedsof land sold
$613,959
$813,973
$200,014
Average per acre
$7 09
$7 36
27c.
Townlotssold
118
256
138
Value of town lots sold
$3,980
$14,926
$7,946
First mortgage 7 % bonds redeemed ,^200 000
*"80
000
Hso
000
it>.20U,oou
$-BO,ooo
^.80,000
from proceeds of land sales
Macon & Atlantic. The receiver of this Georgia road has
been discharged, and contracts for building the line have been
let to McKee & Strange, formerly of the firm of McTighe
Co. It is reported that the funds necessary to finish the road
have been secured and that it will be rapidly pushed to completion.
The road, which is to extend from Macon to Colleton, on Port Royal Sound, is one of the projects of the Macon
Construction Company, which built the Georgia Southern &
National Lead Trust.
plan for reorganization of the
National Lead Trust is to be submitted to the stockholders
Aug. 27, by which it is proposed to make the capital stock
§30,000,000, of which §15,000,000 is to be 7 per cent cumulative preferred stock.
The pl^ provides also for $3,000,000
6 per cent debenture bonds, of which $371,364 is to be used in
redemption of mortgages and $149,487 to repay trustees for
property purchased by them since the trust was formed holders of six shares of present stock to receive one share of com*
The present
673,846 mon and one of preferred in the new stock.
2,175,590 capitalization of the National Lead Trust is §87,447,600.
The
804,400 new corporation is to be organized under the laws of New
The smaller increase of real valuations this year than last
is owing mainly, Mr. Wilson says, to the depression in the
buUding business in the earlier part of the year. The only
ward which shows a decrease of real valuation is the Twen-
Od'aa
86,584
sold
"We
21,846,807
18,111,779
3,735,028
New Bonds and Stocks Authorized or Offered.—The followThe decrease of the personal valuation is attributable for ing is a list of new issues of securities now offered
for' sale, or
the most part to the recent decision of the Court of Appeals in soon to be offered
the case of the Union Trust Company against Coleman, Tax Bristol, Va.— $50,000
30-year 6 per cent bonds have been autliorizcd.
'Comnaissioner of New York. The effect of that decisioii was CiiADBON, Neb.— $20/000 water main bonds
are autliorized.
to compel the Assessors of the cit^ to assess the capital of cor- Cincinnati, Ohio.— $150,000 "additional pavement bonds," 4 per
:
,
cent, due June 1, 1910, redeemable June 1, 1900. Bids will be
its known or ascertained value.
received by "Board of Administration," care D. W. Brown, City
Auditor, till Aug. 8.
Called Bonds.—The following bonds have been called for
DeMOREST PCBLISIIINO & SEWING MACHINE CO.-$500,000 8 pCT Cent
,*(ta.^aent:
porations at
;
cumulative preferred stocls is offered for subscription. For dctaUs
Chicaoo & Alton— Mississippi River Bridge Co first
see our advertising columns.
mortgage bonds dated 1877, due Oct. 1, 1912, to be paid Oct Johnstown, Penn.-$50,000 street Improvement 5 per cent 30-year
bonds, redeemable in 10 years. Bids will be received till Aug. 3,
1, 1891, at the office of Messrs. John Paton & Co., No 52 Wilat5 F. M.,by J. K. Boyd, CityTreasuivr.
liam Street, New York; seven bonds of $1,000 each, viz.:
Long Island City.-$75,000 5 per cent funded debt bonds. Bids will
,
Nos. 50, 127, 183, 293, 295, 455 and 530.
Chesapeake Ohio
bethtown
first
&
be received by the Treasurer.
Southwestern-Paducah
mortgage bonds dated
1877,
New
due
&
Eliza-
Feb
1
897, to be paid at No. 28 Broad Street,
York interest
ceasing Aug. 1, 1891; twelve bonde of $1,000 each, viz.:
Koe. 5, 46, 95, 186, 235, 278, 308, 315, 407, 434, 454 and 466.
Chicago
& Northwestern.—This company
pays off the
mortgage bonds of the Cedar Rapids & Missouri
River RR. 1st division due to-day (August 1), and interest
on
the bonds ceases.
Charleston Cincinnati & Cliicayo.— At a meeting of
the
Reorganization Committee on Tuesday, Mr. John Goldthwait
of Boston was made Chairman of the committee and
Mr A
B. Harris. 45 Broadway, the Secretary. Nearly $6,000 000 of
the outstanding $7,343,000 of bonds have signed the reorgan-
1700,000
first
Marlboro. Mass.---$100,000 sewer bonds arc authorized.
MiLFORD, DEL.— $40,000 41a per cent 2()-vcar bonds, redeemable after
July, 1896. Bids will bo rectivod till Aus. 6 by Nathan Pratt.
BnEFFiBLD, Ala.-*10,000 6 per cent 30-year street bonds; $10,000 6
per eeut 10-20 year sclsool bonds $1 0,000 per cent 30-voar pubbonds. Bids will be received till August 6 by 6. C. RanL^'.^S''}!.',"*?
dolph, Chairm,an Finance Committee.
53-9,90. ^'s per cent sewerage notes, due July 1,
^^?^XP;*''!-Q^*^'*u:f
1 893 to 1 900. Bids will be received till Aug. 10
by J. K. Stickney,
;
WESTEELr, R. I.— $35,000 412 per cent school district No. 1 30 year
bonds. Bids will be received till Auk S bv Wm Hoxlev Trea/
Wbiqhtville, GA.-Water works bonds Lvo been a.ithorfz^^d
New
Orleans
& Gulf.—New Orleans & Sonthern.—The
foreclosure sale of the New Orleans
Gulf on March 5th to
the bondholders committee has been confirmed, and
a new
company the New Orleans & Southern, has been organized.
The capita stock is $200,000, which will be given to such of
&
1
.
AD0W8T
THE CHRONIOLB.
1891. J
1,
the old houdholiU'rs as may subscribe to the proposeil issue of
$^50,000 Ave (xt cent 40-year prior hen boiuis. Of these bonds
ouly ?125,0(K) will bo issued at present. The old bonds will he
eichnnKod for new forty-year sixes ($1,000,000 authorized),
which will Ik) income bonds for five years.
Padlle Short Line— Nebraska ft Western.— At Sioux
Judge Dundy, of tho United States DiHtrict
Court, nuide an order for the sale of the Nebraska & Western
City, la., July 21,
Railroad, coiiimouly known as the Pacific Short Line, to
The sale is to be on the 1st of September.
satisfy the bondw.
The road has been in a receiver's hands for eight months.
&
Philadelphia
for 80V0U
months
RAlLROAn
Reading:.- The statement for June and
of the fiscal year shows the following:
-June.Dec. 1 to June 30
1890.
1891.
1889-90.
1890-91.
—
9
COMI-'T.
ft
1,820,849
951,318
11.31«,469
6,761,985
11,030,910
6,077,815
809,531
33,386
4,554,484
247,171
4,953,101
41,906
951,484
902,917
4,801,655
5,192,000
35,766
898,505
31.103
620,284
435,764
4,189,532
295,081
4,316,122
634,271
320,213
651,387
231,530
4,623,296
176,359
4,611,203
580,797
1,602,406
1.488,227
1,663,421
1,552,748
9,167,599
8,992,617
10,043,197
9,729,961
313,'236
1,967,037
Grons veoelirts
a«)SSCXpon*C3
954,309
912..518
Net eoniliiKs
Other net rocoipts
Totnl
Dediicl—
Permanent Improvem'ts
Proport'u year's charges
Total
eurplua
CoAi. & Iron Co.
Or088 receipts
Operating expenses
at
,
238,899
114,179
110,673
174,982
ColUcry improvements.
Permanent improvem'ts
81,379
490,634
Proport'n year's ohajges
68.511
86,133
10,406
68,000
479,574
470,000
Total
Det of Coal & Iron Co
Siu'plusotKailroadCo..
149,890
164,539
53,866
251,530
970,208
795,226
176,359
1,098,103
Net earnings
Tiefluct
—
.
35,71
320,213
512,282
1109,821
784,867
580,797
Bal. both compaii'8.8r.284.302 8r.l07,664 def.618.8e7 def.204,070
167
" Tho instrument was signed and attested by the prop«r
oflBcers.
It was approved by the executive committee, which
executive committee was granted ad interim by the board of
directors all tlie powers of tliat board. Autliority to mi(ke
Buch a delegation of power was given to the board by the bylaws. Power to make such by-laws was bestowed by the act
of incorporation upon the stockholders. At tho regular meeting tho contract was approved by all the stockholders present,
lieiDg two-thirds of the entire number.
Under these circumstances, if the contract was one which the corporation could
make, it was fully authorized and duly executed and binding.
"The Union Pacific renjained in undisturbed possession of
its track
could operate all its trains and discharge all the
duties it owed the Government or the public. It was not compelled by its obligations to the Government to hold its track or
property beyond the use or touch of any other corporation.
* * The Court is therefore of the opinion that the contract was not objectionable, as not disablmg the Union Paciflc
from discharging the duties imposed by its charter. To the
contention that the term of the contract was for 999 years,
and that before it expired the growing business of the Union
Pacific would demand the entire possession and use of all its
tracks and facilities, and that the length of the term made that
void which might have been valid if for a few years, the
Court states that no one could foresee the future, and while
there was reason for believing that the country would grow
in population and business, and the business of the Union
Pacific corporation would increase, yet with increased business as a rule come increased facilities and means for transacting that business. » » »
" Neither could it be said the contract was beyond the powers of the Union Pacific to grant.
Railroads conduct eating
houses, hotels, &c., which are not strictly part of their transportation business. This contract was simply one to convert
into money the surplus use of a part of its property.
The
Court holds that neither of the three objections is weU taken,,
and that the contract is not ultra vires.
The Court took up the question of remuneration for the use
of the tracks provided for in the contract.
''The contract was
sought by the Union Pacific officials, and these gentlemen of
long experience in connection with the property in their consultation as to the price to be asked fixed $50,000 as the gum
to be demanded and $45,000 as that to be accepted.
When
gentlemen so competent to determine such a matter and so
interested in securing the best possible terms for the Union
Pacific themselves suggested $50,000, it was not unreasonable
to hold that $45,000, the sum fixed in the contract, was
*
»
«
entirely adequate.
Every contract implies
good faith in the contracting parties, no matter what may be
the mere language of the instrument, and if after having been
let into possession the Rock Island should in any way abuse
the privileges given by this lease, the courts are open to furnish protection, even if to secure it it be necessary to cancel
;
Poughkeepsie Bridfje.— The Philadelphia Stock Exchange
has listed $000,000 Poughkeepsie Bridge Company's coupon
5 p»r cent scrip, due 1901. This scrip is issued by the
Guarantee Trust Company in lieu of two years' coupons on the
first mortgage bonds surrendered under the agreement lately
entered into between the bondholders and the Bridge Company. The Ledger says that the holders of about §3,500,000 of
the first mortgage bonds have so far assented to the agreement, and that the coupons of $1,500,000 of the bonds have
been exchanged for the scrip. The whole loan is $3,000,000.
The Stock Exchange also ordered a call to be made of Poughkeepsie Bridge 6s ex coupon. Bonds sold under this call will
have the February and August, l891, and February and
August, 1892, coupons detached. In addition there will also
be a call of Poughkeepsie Bridge 6s ex coupon, scrip attached.
Bonds sold under this call will have the above-mentioned the lease.
coupons detached and the scrip issued therefor attached to the
"Bug there are considerations on the other side which are
bond in their place.
wortliy of mention, and which make specific performance:
right.
While no estoppel runs against an ultra vires contract^
St. Paul & Diiluth.— This company gives notice that proposals are invited for the sale to it of shares of its preferred stock, yet it is fair always to consider the situation of the plaintiff if
specific
performance be desired. The Rock Island has conexclusive of the dividend payable September 1, 1891, the company having on hand the sum of $175,033 63 of net proceeds structed a line from Lincoln to Omaha, and has expended a
million
and
a half of money in reliance upon this contract. It
from lands and stumpage applicable to the purchase of its
preferred stock after providing for the payment of 7 per cent and the St. Paul abandoned their scheme of building a newbridge
and
creating a new and independent line into and.
dividends upon its outstanding preferred stock for the fiscal
year ending June 30, 1891. Particulars will be found in the through Omaha. If, now, specific performance is refused,,
what becomes of the investment? Must it lie idle until a yearadvertisement.
South Bound. On this road, which is in course of con- or so passes in which a new bridge and a new line into and
stmction f rom Savannah, Ga., north to Columbia, S. C, 140 through Omaha can be completed— and who can tell whethei^.
in the changed financial condition, these companies could'
miles, the grading is about completed and 75 miles of track
laid.
By September 1 the bridge across the Savannah River, secure the money with which to build the bridge and conwith the approaches, will be finished, and 100 miles of the struct the line? Suppose the Rock Island was refused specific
performance and relegated to an action for damages. Of what
line will then be put in operation.
Early in the fall the road
will be operated through to Columbia, where connection will avail would such action be? Long would be the delay ini
be made with the Richmond & DanviUe for Washington and executing it to judgment. What would be the measure of
points North. The Savannah iVewjs says: "The road will be damages? And if a large sum were recovered, is there any
of vast benefit to Savannah. It will be a great factor in her certainty, in view of the heavily-mortgaged condition of the
prosperity. Running as it does through rich agricultural Union Pacific, that the judgment could be collected?"
The decree will go for the plaintiff as prayed for. The same
counties for the greater part of its length, it will increase
immensely the volume of her commerce. It is really another considerations require that a like decree be entered in the
outlet for Savamiah northward, and there is not much doubt case of the Chicago Milwaukee & St. Paul Railwav Company.
At the conclusion of Justice Brewer's decision. Judge
that it will be extended southward to Florida in the near
Dundy proceeded to give his views of the case, dissenting
future."
from the opinion of his colleague. He stated that according
Union Paciflc— Rock Island— St. Paul.—The famous con- to
the terms of the contract the Union Pacific guarantees the
test over the Union Pacific bridge at
Omaha was decided Rock Island the use of a depot
which the Union Pacific does
July 27 by Justice Brewer. The contract as made by the
Adams administration of the Union Pacific for the lease of the not own. This depot belongs to other parties, and the Union
Pacific has no right to lease it to another company any more
bridge to the Rock Island and the St. Paul
companies was de- than it has to lease the house of a private citizen
to another
cided to be legal m every respect. The Court
reviewed the party. If the system of the courts be the same
in a thousand
building of the line from South Omaha to
Beatrice by the years as it is now, the Union
Paciflc can never be released,
Rock Island, the attempt of the latter to use the tracks of the
unless the opinion is reversed by the Supreme Court. It ties
Union Pacific
accordance with the terms of the contract, up
the
Union
Pacific for a thousand years, but the other comthe subsequent appeal to the State courts, and
the removal of pany may dissolve the contract
at any time under two years'
the case to the Federal courts.
notice.
The
judge
also held that the laws of the State would
Judge Brewer said: "Four questions have been presented
be
violated
if
the
contract was enforced.
and
nd argued with distinguished ability. They aref(l) Was
press dispatch from Omaha, Neb., July 30 said: "The
the instrument as thus signed and attested,
so authorized and Union Pacific this morning
granted the Rock Island and the
^"^ become and be a contract of
the corporations? Milwaukee the use of a bridge
^^j^'^^f" •.
track until the new rules and
^^'^ so authorized and executed was
it ultra vires f
ii "
)il
schedule
now
being
prepared
are completed. The Milwaukee
(a) It not ultra vires is it
a contract of which a court of at once
took
advantage
of
the
privilege
and ran its first train
equity may compel specific performance
?
(4) If it may,
into Omaha since last January. The Rock Island began runought specific performance to be decreed?
—
m
—A
^
ning trains across the bridge to-night,"
:
THE CflRONICLK
1.58
C
%ht (^ommtxcml gxmes.
COMMERCIAL EPITOME.
slightly
Friday, P. M., July 81, 1891.
indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 7.330 balep,
against 8,902 bales last week and 14,173 bales the previous
week, making the total receipts since the 1st of Sept., 1890,
6,900,84(5 bales, against 5,793,133 bales for the same oeriod of
1889-90, showinganincreasesinoeSep.l, 1890,of 1,107,713 bales.
Htceipls
at—
Mon.
Sat.
Tiies.
Wed.
Thurs.
Fri.
Total.
Galveston
El Paso, Ac...
64
4
55
79
34
54
290
New Orleans...
warmer MobUe
35
46
473
1,229
8
9
13
181
12
341
2,268
53
21
163
67
429
98
586
205
108
IDS
1,493
43
33
73
18
50
47
103
264
6
24
8
2
44
131
58
135
136
155
88
85
32
49
430
08
88
1,284
40
170
781
970
7,330
bursts" in the Northwest caused local floods that inflicted
much damage upon a number of small towns. The week closes
New York and
OT TON.
The Movement op the Ceop, as
Friday Night, July 31, 1891.
The weather for the past week has been somewhat notable.
cold and a light frost
It was for a brief period unseasonably
was reported in a northern latitude. Excessive rains followed,
which were sufficiently heavy and general in the Southern
States to cause a speculation for the rise in cotton, and "cloud
clear or clearing, being cool at
LVOL. Llli.
in the interior, promising much benefit to the growing crops
in the near future. General trade is still inactive, but an
encouraging feature is the continued large exports of wheat,
Florida
Savannah
Brunsw'k, &o.
not only for present shipment but contracted for in the near
Charleston
Port Royal,&c
future.
Wilmington
m
.
,
4
,
the week, but without
WaSb'gton,&o
Lard on the spot improved early
activity in the dealings, and the close is dull at 6'25,*6-35c. for Norfolk
prime City and 6-87J^c. for prime 'Western, with refined for
West Point...
the Continent quoted at 6-90 c(7-25c. The speculation in lard
N'wp'tN's,&c.
week,
the
prices
early
in
for future delivery was at advancing
New Fork
owing partly to smaller receipts of swine at the West, and
latterly
corn;
but
specurise
in
partly to sympathy with the
Baltimore
lation has been almost at a stand-still, and the close, though PhUadelph'a,&c
73
203
166
144
527
281
146
1
41
15
73
477
1.929
1,954
1,219
782
49
firm, is quite dull.
DAILT OLOBINO PKICBS OF I^BO FUTDBES.
Mnn.
Tuet.
Wed. Thur.
Sat.
6-80
.0.
August delivery
Beptember delivery ....0. b-93
October delivery
o.
c.
Becember doUvery
7-03
7-2S
6-90
680
6-80
6-94
6-93
7-14
705
70J
730
7-25
7-24
702
6-84
6-97
7-07
7-28
Totals this week
tH-
687
6 95
7ii5
7-24
Pork was more active early in the week, but closes dull at
111 25@$12 25 for old mess, $12 75@$13 25 for new mes3,
110 50(3 $11 for extra prime and $13 o $15 for clear. Beef has
been quiet, and quotations are partially reduced; extra mess,
f9 50(tt$10; packet, |ll(a$ll 50; family, $13a$!3 50per bbl.;
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1890, and
the stock to-night, compared with last year.
1889-90.
1890-91.
Receipts to
July 31.
ThU
Week.
Since Sep.
1, 1890.
This
Week.
2901,001,283
Glalveston...
165
Stock.
Since Sep.
1, 1889.
1891.
838,912
1890.
57
4,097
ElPaso,&c.
23,764
23,212
«xtra India mess, $19 ii$31 per tierce. Beef hams are dull at New Orleans.
2,2682,055,249
698 1,950,447
53,332
11,899
$18 50* $19 per bbl. Cut meats are partially dearer, with a
Mobile
153 292,956
70 239,918
295
4,995
good business in pickled bellies of medium weights at 7 ^^c.
Florida
44,583
32,277
Quotations are: Pickled bellies, l%i1ific.; pickled shoulders,
l,493;i,122.672
23 937,814
5,710
435
ej^gej^c, and hams ll®lli|c. Smoked shoulders, 7<i7J^c., Savannah. ..
Bruns.,ibc.
103 188,966
162,962
and hams, 13 a 13}^c. Tallow firmer and fairly active at
264 503.349
37 320,623
2,771
204
4 15-16(a5c.; stearine closes quiet at 7^(a8}^c. in hhds. and Oharleston ..
P. Koyal,&c
1,016
1,833
Butter closes
tierces; oleomargarine is steady at 6 3-16c.
44 188,382
132,830
8
3,052
252
steady at ]5(gil9c. for creamery and 12314J^c. for Western Wilmington
Wash'tn.&o
3,746
3,749
factory. Cheese is easier but more active at 7J^@8}^c. for
Sforfolk
782 643,91)8
254 402,575
6,963
1,423
State factory, full cream.
430 350,650
West Point.
671
326,435
9S
Coffee on ihe spot has been less active, but values remain
49
NwptN.,&o
97,356
162
59,294
•->•
about steady Rio No. 7 is quoted at 17}^c. The sales today
131.888
included 500 bags Eio No. 8 on the spot at 17c. and 1,000 bags New York. ..
409 115,930 139,274
51,361
do. No. 7, to be shipped, at \%%c., store terms. Mild grades Boston
1,284
120,527
72,802
34
1,900
1,600
have advanced, owing to a limited supply. To-day's sales Baltimore. ..
50,034
50
90,121
3,014
904
included 700 bags Savanilla and 500 bags Central American, PWl'del'a,&o|
170
72,517
10
81,379
7,618
2,979
and good Cucuta is quoted at 19%c. The speculation in Eio
Totals
7,330 6,900,846
2,596 5,793,138
229.854
71,409
options coDtinues quiet and prices have decliaed, under
weaker European markets and large Brazilian receipts. The
In order that comparison may be made with other years, w9
close was steady, with sellers as follows
give below the totals at leading ports for six seasons.
IB-'Oo. November
13-70o. February
Angust
13-30
— 1891. 1890. 1889. 1888. 1887. 1886.
1550> tieceiuber
13'50a Marcti
Beptember
13'25 Receipts at
14'4ac. January
13-35c.
Ootober
&alv'»ton,&c
290
165
80
131
652
231
^a decline of lOB 35 points for the week.
Orleans
2,263
693
274
1,711
495
1,301
Raw sugars on the spot have been quiet, and prices are a New
Mobile
153
70
12
159
3
227
shade easier at 2^gc. for fair refining muscovado and 3 5-16c.
Savannah. ..
1,493
28
253
470
316
9
for centrifugals of 96-deg. test. To-day 3,900 bags centrifuCharl'8t'n,<fec
264
37
12
375
5
82
gal, 96 deg. test, sold to go to Canada at 3 5-16c.
The specu>Vllm'gfn,&c
44
8
224
S
81
17
lation in raws for future delivery continues dull and values
782
254
302
8
7
705
have again weakened a trifle, closing at 3-36a340c. for Norfolk
479
833
25
543
148
August and 3-30 3-36c. for October. Refined has been quiet Vt Point, Ac
1,557
503
244
2,464
199
4,745
during the week, but at the close a fair trade is reported at Al others
full prices; standard crushed 5 a 5%c. and granulated i)4_'4
Tot. this week
7.330
2,596
911
6.381
1.499
7,624
.
;
I
I
I
I
—
fi
4%c. The tea sale on Wednesday went off at steady prices,
tnough the offerings were again increased.
Kentucky tobacco has continued quiet, the sales of the
week
teing limitea to 150 hhds., but prices are firm. Seed
demand and sales for the week are 1,095 cises,
as follows: 300 ci-ses. 1890 crop, New England Havaaa'
25@29c.; 225 cases, 1890 crop. New England seed. 20 (^ 33c.';
100 cases, 1890 crop. Dutch, private terms; 100 cases, 1890
crop, Pennsylvania Havana, j)rivate terms; 130 cases, 1889
crop, Pennsylvania Havana, 13 14c.; 100 cases, 1889 crop,
leaf is in fair
ilnoe 8ept. 1
for the week ending this evening reach a total
19,751 bales, of which 17,991 were to GreaJ Britain,
France and 1,780 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1890.
jf
to
BxpOTtt
« 15c.,
and 150 cases sundries, 6U.«35c
Week Erullnt July
Bj[^portfji to—
Great
Oonti.
BHt'n. France n«nc.
i
Pennsylvania seed. 12
6900,846 5793.133 5508.021 5497.596 5206,178 5306,296
The exports
'•
also 600 bales Havana, 70c. .$1 -15.
On the Metal Exchange Strait's tin has declined, selling today to the extent of 70 tons, at 80-10 a 201.5c. for August and
20-20c. for October.
Ingot copper is quiet and easier at 12^c.
for Lake. Dome.stic lead is nominally unchanged at 4%c.
Tlie interior iron markets continue depressed and muck bars
are quoted half a dollar lower than last week, with no reliable
quotations for pig-iior.
Refined petroleum is decidedly lower at 6-85c. in bbls.
8-80c. in cases and 4-35c. in bulk; naphtha 5-75c.; crude in
bbls. 6c. and in bulk 3'45c.
Crude certificates under the increased flow of wells selling to-day at 59J^(a60%c., closing at
Spirits
turpentine
is slightly lower at 35J^(»36c.
&i\ie.
but
rosins are steady at $1 3o(a|l 40 for strained. Wool is rather
more active but hops are dull and unsettled.
Prom
31.
Orleans..
Mob. & Peno'la
SHvtkunah
Bruna»lok ....
KSarleston ....
WilmingtOQ...
Norfolk
West Point...
N portNw«,*e
New York
10,OJ8
10,028
73
791
76
791
4.935|
1,623
13,283
6,453
1,28?
872
237
17,991
Total, 1889-M.
615,120 "25,108
981.919 409,550
74,367
450
128.4.57 87,S95
»8,630!
1,287
Bfcltlmore
Ptilladalp's,&o
1. 18ao, to July 31.
Stxptfrteii to—
Total
Great
Week. BrUatn. France
Oalveston
New
Sept.
18',
1,109
119.889
98,632
239,2!1
189,102
73,240
519,413
225,658
79,804
28.783
16,330
1,847
11,599
719
42,819
14,217
Continent.
1891
mtol
643,180
682,943'l,937,412
100
71,917
43.?.7il
597,798
23,366
121,996
248,241 414,280
183,369
63, 180
828,731
45,871
171,632
32,530
75,969
781.648
199,818
7,318 232,872
91 .ISO 184,651
28,637
1,914
103,952
j
1,760
19,761i8,Sa2.218|n9.834 1.812,901 6,731.950
220
13,5l9!j,871,539lt76,118 1,612.371 4.859,01*
1
1
1
8
B
A.UOU8T
1.
«
»
THE CHRONICLE.
1891.J
169
In addition to above exporta, our telegrams to-uiRht also
following amounts of cotton on shipboard, not
We aild similar Hgiires for
the ports named.
New York, which uro prepared for o.ur special use by Messrs,
Lambert. 21 Ueavor Street.
Carey. Yale
irlTe U8 llie
Olearixl, at
"I
5?
&
On anpftoor*
July 31 at-
Ortat
Wew Orleuus...
Qklveaton
Bavanniih
ObarlvKtun
HobI.e
..
..
Worfolk
Hew York
Other porta
Leaving
Other
Coast»i»e.
1.602
France. roreifft%
BrUain.
n
not eUareO-for
Total.
3.728
None.
None.
None.
None.
None.
3.500
4,000
None.
None.
None.
None.
None.
None.
200
None.
None.
Nene.
None.
None.
None.
1,000
2,000
309
34
125
50
None.
800
None.
None.
11,228
200
4.602
1,318
5.630
47,093
34
4.0(i3
125
3,.^l^3
50
None.
800
2,7J1
4.1195
H.lt;3
4.700
6.000
133.574
9,712
17,318
212.506
a'
An
So
Stock.
A
7,372
12.154
Total 1890...
Total 1889...
850
1,575
3,400
336
9.797
19.223
a*.
<A-j®i»
»)-j
.
Low
5»8
513.,
6";«
5»s
6i»„
6lli«
7li6
M
7
MlddlinK
7'i«
71S,.
8
Good Middlinit
Strict (Jood MlddlinK
8\
9^
8\
Mlddlitti<
Btrlct
iMw Hiddllnc
Middling Fair
Fair
:
GULF.
Or4lnary
Btnci Ordinary
Good Ordinary
Strict Uooii Ordinary
Low Middlinx
Btrlct
CCW
Low
8
S
8^
9>8
8%
91s
10
10
10J«
10i«
Sat.
nioii
513„
513,8
6I4
718
7^
7'8
8I4
8'16
93,
9
'IB
10',,
loiste
Hat.
.»lb.
MiddlinB
Midrtllne
7ie
7i«
7^8
814
614
7Js
719
7^8
814
87,«
93i«
9»18
io;j„
2Il«
10|8
AIou Tutia
5i«
5>9
5%
5%
5%
60b
658
6eg
7'.
7
10
IOI2
8I4
8'itt
8,8
7%
7^
7-'8
9'i«
9»|R
60
,8
5^
5\
5^
5^
5>«
6»8
7'ie
6!>8
BatnrdaT .Steady
Monday.. Quiet
Tuesday.. Kiisy
Wod'ilay. fficiidy
Thursday tHoady
rriday... Firm
Tetal.
I
I
-40s
0000
5
0000
299
600
520
'
3.50
I.
580
673
645
899
299! 3.368
Thb Sales a»d Pricks of Futdres
touowing comprehensive table:
are
IJ
^o
2
dec
etc
2
T
%*:
I
OOODO-1
ot.00
^d
ft.'^:
o
o a OS
01
<
Qtiao
!5
ti.:.
2
2
6J»;
CO
OOODCOO
I
L.iO
to
XX
»
COM
:
.
31-
2
05 0:co^
B.-^:
09
I
CDQDOX
I
a.-^:
cccnox
-4<1C-1
to
COM
2
St.";
ccto
I
ccw®cb
t^co
xc;(
»*:
"
I^CO —
%*•;
-)
u
QDXOX xxox
"^
I
XX $
MM 2
^
a.'»;
I
I
sail
20.700
54.500
330
380
111.3(10
llH.^iOO
673
615
107.700
3,667
492,800
7;(,700
the
I
«5
».";
to
If-CO
-i-J
CJ,
9i*
I
f-
a.":
XXOX
ccco
ai
I
vi
O'C;.
<
9
1
ccx
iitl='(i
•to
tf-CO
I
5
'
toto
CO
-IXOX OOXOOD xocooo
tod®6 dd'd 1^ — ^Hi
xos
•*
XX
ODOO
•I
tcto
X05
si-:
QOGOCQC
I
XXOX XXOX
(ifU®CO
toto
to
0.it>-
5
0000
O
CJi lb.
I
«:
xop
5
c?(^
01,0
2
1
I
a
QDODOCC
OD
W
CT
ODO
CO
&
ace
^
OLOS
•
I
^r\
:
ODCOOOD
.
COl^
to
Qoao
u>o
oco
OOOCCQO
o ic6®»
OOCOCQO
CDCBOOO
d>d®«.
©c^®o»
o
OOQpCQp
•go
^r:
I-*
ODOOCOO
MO
K>W
^'j
U
1
CCOD
-105
> xoo
2
«
QD
1^
COX OX XXOOO
I
Q)
:
:
I
OiC9
U>
onop
5
»
*
:,«
July
ti>r
49
70
Aug.
pd. to e.tcU. 9O1J Sei)t. tor Jan.
tOHXcU. 1,1<».» vuif. for Sep.
to exch. l.iioosept. for an
to exeh. 701) Jan for May.
to BKcU. 2,2Jii Aug. tor 8ep.
pd. to «ich. 100 Aug. fur D^c.
pd. to exoh. 100 Nov. for Juuo.
I
foi
OU
CO
5
*
"
d» J.
-4
a
I
'J'
ox
a
51
o
:
I
«:
to
XXCX
"1:
-1
•59 pd. to exoh. 30f) Aug. f jr Jan.
•39 pd. toeiccli. 2,2i)U Jiiu. for Maj-.
•4S pd. to •xcli. 501) Dec. for May.
5.10
:
ai
en Cl
The following exchanges have been made
16i><l.
•42 pd.
•40 pd.
•15 i» I.
6)
ap(
o
CCQDCOO
->-i»-i
cnto
I
OCQDCOD
Oft
c;i
le
StUesof
Futures.
2
M
-100
coco'-'co
1-0
xorooo
ooop
00
o>
XXOX
XXOX XXCX XXOX XX Oox
jo
c^
uco
(-•
XX >
<
I
2
a,";
-4-10-4
1
ODODOCO
*-
it-ui
I
-a
»i<j
aoD^
COJ
dto
2
CD on
.
O
sP;
5
-JO)
l>-
-]<iO<l
.4OS-.I
ooos
XGD
"1
-J-)
QTOD
05
XCKOOO
.
a
-i»
I
,.1-0,:.
to
1001
i
shown by
CO
»
'.O
oM
-qoo-J
-100*-*-^
UtO
0000000
to-'
•4ii
,
I
2
sp;
I
CO
.
Bven
port.
oto
M05
-J
Con- Spec- Tran- „ ,
tump, .ul't'n sit. Total.
CDO^OD
(T
I
c;«i*>"
SALES OF SPOT AMD TRANSIT.
Ex-
2
ci
days.
CLOSEU.
CO
9'<18
The total sales of cotton on the snot and for future delivery
each day during the week are indicated in the foUowmK
Btatement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
SPOT MAKKET
obii '^-j
gl
93l8
658
71,8
I
».":
I
QO
s»:
I
ooccca*
MAKKET AND SALSS.
tame
».<=>:
CO
«r:
I
m.
I
2
-j-j
2
I
r-*-*
w
ODODCCD
I
o
2
»?=;
.'to
10'
Wed Tb.
ce
CI'
QOQDOCO
6I4
7>8
7'a
7 '8
8I4
6I4
da
» 2
»«:
I
sp;
I
5
0000
8^
9%
1013
&
*
7.3..
10
*'?*?5*?
-J<IC-J
f
It-
10',,
10 5,„ 10'^|8ilOH>l«
5i«
-1«J
OOOJ
2'
»?;
w
<iOQ^
I
a»®ui <iA*di
I
co^eo
Tae* W«<> Tb. Fri
513,8 5 3,8 5H„
513,8
6I4
7i«
7I9
7^8
814
81,8
93,8
,^*1«
lOi.g
00
s<»:
I
6U,«
91a
i'*?2*?
2
91*-,
I
-j-j
<l^
515,s
8%
IOI3
Btrioi
Low
8
10
Mlddllnir
Good Ordinary
Guod (Ordinary.
713,
10i«
,
8TAINED.
9i8
77,,
Alt'
cs
«9
713,.
''ifi
s
-JO
5^8
7m«
g
05':
Ts.-^:
V
00
0-1
-]<iO-J
I
7i3i«
5"i,
6U,e
2
«.«;
I
Tb. Pri
53i
5i»i*
6ili«
7l,«
7i,„
10
y lb.
Middling
Good Middling
•tnoiUoud vUddilne
Middling Fair
Fair
713,8
8
53g
-)
.
<io
—
y lb.
I
•
I
aw
I
0^0^
—
Ordinary
Btrici Ordinary
Good Oniinary
Blnct Go(>d Ordinary
af
I
A
Wed
w
:
O>00
-I
:
HSon Tne*
«
I
21
»
1
t^v
ODO
«
I
a.
H'!
A*
I
r
IS
oDor*
SS.5"
«:
I
together with private advices of the appearance of the army
worm in Alabama, caused a very buoyant market prices had
at the close recovered 16 a 19 points from the lowest figures of
Wednesday. The demand was largely to cover contracts, but
there was fresh buying for the rise. On Thursday the market
feature was the
was exceedingly erratic and unsettled.
greater strength shown by the early months as compared with
prices of the winter months. Speculative influences were dominant in the final dealings, and the close was dearer. To-day
the market opened dearer for the early months and lower for
the late months, continuing very unsettled and irregular, and
closing dull. Cotton on the spot became dull and weak,
partly from sympathy with futures and partly from a reduction in the demand for home consumption, but turned firmer
and closed fairly active at 8c. for middling uplands.
The total sales for forward delivery for the week are 492,800
bales.
For immediate delivery the total sales foot up this week
8,667 bales, including 399 for export, 3,368 for consumption,
for speculation, and
in transit. Of the above
bales
were to arrrre. The following are the official quotations for
each dav of the past week Judy 25 to July 31.
Sat.
-JO'
w
reports
of
fall
of
excessive rain
the
pool, official
and in the -Mississippi Valley,
in the Northern Belt
UFLAJVD8.
s
•*]
61.612
99.491
—
2?*
-o>eS
The speculation in cotton for future delivery at this market
opened the week under review with some show of strength,
the bulls making an appearance of confidence, but values
weakened on Monday and declined sharply on Tuesday, under
sales in liquidation, stimulated by weak Liverpool advices
and favorable reports from the growing crop. When August
dropi)ed to 7)^c. there was a great deal of buying to cover
contracts, the reduced prices enabling some of the early bears
to close accounts and take in large profits; but very few
seemed to have the courage to operate on the "long" side of
the market. On Wednesday a steadier closing at Liver-
—
1-,
or.
r^
I
None.
3,333
'^
a"
'
I
I
Total 1891...
'»
durinir the
week:
30 pd.
to exoh. 10 ) Dec. for Mch.
•2^ pd. to BXcli. i '!> Xov for Jan.
.iO pa. u) exi''i. 3'» ) i''oT>. tor May.
33 pd. to excli. 3 > ) Oct. for Jan.
•47
•30
11
1 1
l.ii'Mi.'^opt. for Jan.
to ex«h. IO i .Vug. for Oct.
to cxcli. 'JK Nov. fi>r Deo.
to «x 'li. 3 t'l tii'XtU for Oct.
Sov. tor Feb.
•:u i>d. t> wxi'li. 1.0
Even 100 July for Aug.
•55 pd. to excii. :.;0i) Aug. for Jan.
pd.
pd.
pi.
pd.
toBxc:i.
I
1
The VisiblkScpi'L.y of Cotton to-night, as made up by cable
is as follows.
The Continental stocks, as well aa
those for Great Britain and the afloat are this week's retuma
and telegraph,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (July 31), we add the item of e.xporta from
the United States, including in it the exporta of Friday only.
THE CHRONICLE.
160
745,000
14,000
1889.
645,000
22,000
1888.
533,000
16,000
759,000
4,000
43,000
6,000
667,000
2,000
30,200
10,000
539,000
1890.
1891.
bales. 1,021,000
Btookat Liverpool
Stock at Loudon
16,000
Total Great Britain stock. 1,010,000
4,700
Stock at Hamburg
99,000
Stock at Bremen
22,000
Stock at Aiusterilaiu
300
Stock at Rottenlaus
9,000
Stock at Antwerp
222,000
Stock at Havre
10,000
Stock at Marseilles
93,000
Stock at Barcelona
10,000
Stock at Giaoa
43,000
Stock atTiieste
200
300
6,000
143,000
4,000
58,000
4,000
4,000
15,000
82,000
5,000
61,000
6,000
4,000
513,000
272,200
215,500
255,910
1,553,000 1,031,200
Total European stocks
58,000 115,000
Indiacottonafloatfor Europe.
18,000
39,000
Amer. eolt'n afloat for Europe
8,000
12.000
EKypt,Braz.il,&e.,allttorE'r'p8
71,409
Stock in United Slates ports .. 229,854
6,720
57,339
towns..
interior
S.
in
Stock
U.
176
4,972
United States exports to-day.
882,500
59,000
29,000
9.000
118,714
8,770
794,900
78,000
48,000
14,000
181,791
22,787
8
1,387
Total Continental stocks
Week ending
July 31
600
Halveaton...
128,000
3,00C
55,000
7,000
11,000
1,387
664,101
674,492
763,965
227.000
16,000
178.000
58,000
12,000
351,000
14,000
103,200
115,000
8.000
248,000
22,000
94,500
59,000
9,000
153,000
16,000
115,900
78,000
14,000
491.000
591,200
664,101
432,500
674,492
376,900
783,965
397.000
121,000
29,000
118,711
1,458,369
United States interior stocks..
United States exports to-day.
Liverpool stock
London stock
CJontinental stocks
India afloat for Europe
Egypt. Brazil, &c., afloat
Total East India, 4c
XotalAmerican
8
391.000
169,000
18,000
71,409
6,720
4.972
American afloatfor Europe...
United States stock
Total American
Mail Itulian, Bratil, itc—
8,770
370,000
140,000
48,000
181,791
22,787
797,000
335.000
39,000
229,854
57,339
176
bales.
Liverpool s*tock
ContiSental stocks
1,458,360
IS^" The imports into Continental ports this week have been
19,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 694,068 bales as compared with the same date
of 1880, an increase of 842,377 bales as compared with the
corresponding date of 1889 and an increate of 808,504 balee
as compared with 1888.
—
AT THE Interior Towns the movement that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
oorresponding period of 1889-90 is set out in detail in the
following statement.
—
CT* » P
»
ePs2.op
.75.=-a3ss.
at"' ci)S5S.scc<i3P5^i;r:.7'OMS
-w—
P — .." _ P _* C3 C^s.-i P
O- ^^
—..=
o
S4
^h
M
.-
as; >;
OLOSCJO qCOTATIOXS FOB MIDDLIXQ COTTOH
7=8
7i3ie
Wilmington
7%
7%
7^
Norfolk
7's
.
Hon.
Satur.
New Orleans
Mobile
Savannah
7?i
7Jfl
Men phis....
7%
7%
Louis ...
Olnoinnatl
7^8
T'e
8=8
Louisville...
814
8t.
%H
.
734
7%
713
7=8
7Ib
7'e
7=8
a
8i«
758
Baltimore...
Philadelphia
Anjgnsta.. ..
7%
7%
7^
8
;
7%
8 '4
814
8I4
7 •'8
7ifl
7ia
7'e
8
8
8I9
7=8
8
e^a
7=9
7%
7%
8
8
li'"
8'4
•
8I4
The closing quotations to-day (Friday)
at other important
ILittleBock
X-aanta
Columbus. Oa.
Columbus. Miss
Eufanla
„
7
7
7
Montgomery..
(Nashville
7>4
'!\
Natchez
7>'i«
|
From the
Receipts
1
Nowborry
I
Shreveport
Raleigh
7'4a'^
Selma
Plantations. — The
7'«
7^4
following table
Indicates the actual movement each week from the plantations,
Tbe figures do not include overland receipts nor Southern
eonaumption; they are simply a statement of the weekly
moTsment from the plantations of that part of the crop which
Qnallj reaches the market through the outports.
RectlvU at the Port4. SVk at Interior Tovm*. Bec'pt* from Plont'fw.
IndMW—
18S1.
1889.
1890.
I,S61
8.301
ie,4i:
19.284 103,484
17,932 97,362
15,101
12.A2I
1889.
im M..
18»0.
1,381
U.483
"
10..
2,477
2.1S0
18.449
is,atA
1.077
8,907
lt,fle3
"
10,856
9,657
S..
17..
1,8S2
1.582
14,172
••
«4..
1,710
S,5S1
••
SI..
011
Z.6B6
8.902
7,830
9,819
7,436
9,158
The above statement shows:
1.
1891.
18S9.
1891.
1890.
38
649
8,085
112
74S
213
T.IM
7,301
30
88,485
81,417
87,578
62.510
124
61t
412
2,26*
—That the total receipts from
the plantations since September 1, 1890, are 6,949,743 bales; io
1889-90 were 5,788,125 bales; in 1888-89 were 5,501,804 bales.
2.
That, although the receipts at the outports the past week
were 7, 330 bales, the actual movement from plantations waa
only 2,362 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 213 bales and for 1889 they were
412 bales.
—
Week and since Sept. 1.—
statement showing the overland movement
for tlie week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending July 31
and since Sept. 1 in the last two years are as follows:
Overland Movement for the
We give below a
1889-90.
1890-91.
o to >- -
7^
7=8
7 '8
S"*
8I4
8J«
7=8
7?i
7>s
7=8
719
7^8
8
8
8>s
75»
71.2
8
7 '8
8%
1H
7I1!
Southern markets were as follows:
Is
XCCl-t---
Tn.
7 'In
711,8
7^8
S
8
8>«
7=9
Boston
OK—
Thurs.
VTednes.
Tues.
7iiia
7»,8
,
Charleston.
July
1,949,369 1,255,301 1,106,902 1,140,865
Total visible supply
6Ui,d.
S'^d.
47,Bd.
Price Mid. Upl., Liverpool
5»t6d.
8o.
12>4C,
lOiSieO
PrlceMid.Upl., New York....
116i,o,
[Vol. Litl.
QaOTATIONS FOB MIDDLING COTTON AT OTHER MARKETS.
Below we give closing quotations of middling cotton at South*
em and other principal cotton markets for each day of the week:
5.000
38,000
8,000
300
1,949,369 1,255,301 1,106.992 1,140,365
Total \-isiWe supply
Ot the above, the totals ol American and other descriptions are as follows:
o2
—
1
.
..
.
;
July 31.
o;
Week.
Sinee
Btpt.
Week.
1.
Sinee
Sept.
1.
8
r
WC5
^ ^
h-
Shipped—
,0
Via
Via
Via
Via
Via
fi-'^WtOtOWW»fc-.i!D(-'Wrf».KiCOi**.XXai
» — Cl ^1 —
cc
CI — C C — -•
-; O'
o; tc to
c;t
CipO-ippp H- w X W Xp cup NJM to -3 31
t0 4*
W
c ci o
ic CI :d
ct)
t-*
C/T
Ci-'JOCtt-'-'-QO^IMio^WWCcuaoocJ
'^' <-'
CiK)-"-*;;
wc.;
KpIOi'^O-
tots
Ci 00 (D CT
— -^
WOD^oVlV WW
OS
w wi o> w *
XiXbl'^-'ioCiV.'^
•'
ffi
*».
W»t3"'
GT'OOO"
•
i-1
1^
Mi-i-iLT
CD»OC;t*-OtOOS
rf'-MW
«»*>•:
»-"
tototocixec^:ootal
-
to*
o
Louis
Hannibal
Evansvilie
"292
IjOuiiviUe
00
Total gross overland
Deduct shipmentt—
Overland to N. Y., Boston, &o..
wowrf^otoao
"26
6
200
535,408
311.667
58.788
20,730
123,674,
215,665
159,987
interior
932 1,425,919
503
379
955
377,968
112,039
110,781
347
360,252
56,697
121,270
2,788
600,786
ar,s
538,219
1,454
towns
,
;
18
147,8'i3
5.386 1,631,118
Inland, &c. from South
Total to be deducted
5
Leaving total net overland*..
2,598 1,030,332|
77 887,700
* Including movement by rail to Canada.
The foregoing shows ttnt the week's net overland movement
this year has been 2,598 balee, against 77 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 142,632 bales.
WW
01
.to
W CO^ *- pOrfkQD tfk^ -q to OS 00 coo
op
ajwVooooc;iw"rooy»QD05iiCto CIW
d
m Ci o to a Oiiacc^Oi to *>-^oir^ o>CI O; QO
462
263
083
677,575
300,978
85,262
27,345
209,925
182,410
1
Between
MO
3.232
1,137
Cairo
Via other routes, &o
srs
—
St.
*..
ii^
Ok-
1890-91.
1889-90.
In Sight and Spinners'
lakings.
We**.
on-
o. «•
;
en.
MOOOl-;*.
Mi-M^.-.
Mm
lUoi
*
i
}
QOO
Receipts at ports to July 31
Netoverland to July 31
lOlt^'
03"-;
aooto
to:
Total mjirketed
Interior stocks in excess.
Loalsvliln ttgures •' net" In Imth years.
Last year's flKures are for Orillln.
This year's flgurcs estimated.
The above
Sept.
1.
"Wetk.
Sept.
1.
SfC'S
Southern consumption to July 3
u;
Bintt
Stnce
Came into sight during week.
Total in sight July 31
7.330 6.900.816
2,598 1.030,332
7,000 558,000
2,596 5,793.133
77 887.70O
5,000 493,000
16,928 8,489,178
•5,068
48,897
7,673 7,173,835
•2.383
16,008
11,860
5,290
8.538.075
7,16t,82&
show that the old interior stocks have North'n spinners tak'gs to J'ly 31
1.978.1 43
1,747,875
iecreased during the week 3,651 bales, and are to-night 50
1/Oss in stock during week.
Decrease from September 1.
679
bales more than at the same period last year. The receipt's
at
It will be seen by the above that there has come into sight
the same towns have been 3,413 bales more than the same
the week 11,850 bales, against 5.290 bales for y>»
week last year, and since Sept. 1 the receipts at all the towns duringweek
of 1890, and that the increase in amount in sight
SKm«
xt 727,385 bales more than for the same time in 1889-90
toHiight as compared with last year is 1,369,250 bales.
totals
"
t
.
.
AcousT
1,
IHE CHRONICLR
1891.)
Wb^thkr Rkports by Telegraph.—Telegraphic
to us
reports
that in Arkansas, in some sectiona of
Ti'nnessee, and iu portions of the Atlantic
to-ni>;Jit iiulicate
'Missifuippi
and
States, the rainfall has been excessive during the week, Else•where tho comlitions have as a rule hoen favorable, except
that rain is needed in portions of Texas and at Columbus,
Our correspondents state
Mi.ss., and .Selma and Mobile, Ala.
thai caterpillars have appeared, but that no serious damage is
yet
api>ari'nt.
Oalveston, Texas.
week, tl^
— It has been showery on three days of
rainfall reaching forty-seven
tlie
hundredths of an
inch. Tlio thermometer has averaged 82, the highest being
8S and the lowest 77. During the month of July the rainfall
reached four inches and seventy-seven hundredths.
The weather has
Cotton needs rain.
Palestine, Taxat.
been dry all the week. The tbermometer has averaged Hi,
ranging from 70 to 91. Rainfall for the month of July oiio
inch and sixty hundredths.
Huntsville, Texas.
We have had showers on two days of
the week, tho precipitation reaching thirty-three hundredths
of an inch. Cotton looks promising, The thermometer lias
ranged from 70 to 96, averaging 83. July rainfall three inches
and eighty -six hundredths.
Dallas, Texas. It has rained moderately on two days of the
•week, the rainfall being fifty-nine hundredths of an incli.
Cotton ia generally good, but rain Ls needed in some localities.
Average thermometer 88, higliest 100 and lowest 76. Rainfall for July one incli and forty-seven hundredths.
San Antonio, Texas. Cotton needs rain. It has been
showery on four days during the week, the precipitation
reaching fifty-six hundredths of an inch. The thermometer
lias averaged 86, the highest being 100 and the lowest 73.
During July the rainfall reached one inch and thirty-six
hundredths.
Luting, Texas. It has rained moderately on two days of
the week, just as needed, and cotton is greatly improved.
The rainfall reached one inch and seventy-nine hundredths.
The thermometer has averaged 85, ranging from 72 to 98.
The rainfall during the month of July has been two inches
and fifty-one hundredths.
Columbia, Texas. It has rained heavily on one day of the
.week, and cotton looks promising. The rainfall reached two
inches and fifty-seven hundredths. The thermometer has
ranged from 7-1 to 90, averaging 82. During the month of
July the rainfall reached six inches and sixty-eight hund-
—
—
—
—
—
—
redths.
•
;
.
ton has resulted.
The thermometer has averaged 76, the
highest being 90 and the lowest 65. Last week rain foil lightly
on two days. Crops were making good progreoH. The flrst
open boll waa received Thursday from Bulivar County, Wasiflsippi.
Nashville, Tennessee.— It has rained
on three days of the
Thermometer has averaged 78, ranging from 57 to 90.
have had rain on six days of the week,
Mobile, Alabama.
the rainfall reaching one inch and twenty-two hundredths.
Crop reports are less favorable, there being too much rain.
A numlier of localities complain of worms and a few report
The thermometer has ranged from 72 to 90, averagrust.
ing 80.
Montgoviery, Alabama.
have had rain on four davB of
the week, the precipitation reaching fifty-five hundredths of
an inch. Average tliermomoter 80, highest 90 and lowest 70.
Selma, Alabama.— Worms are reported in several localities,
but not in sufilcient numbers to do much damage as yet.
Rain has fallen on four days of the week to the extent of one
week.
—We
—We
inch and fifty hundredths. The thermometer has averaged 80,
tho highest being 87 and the lowest 74.
Auburn, Alabama. The weather has been very favorable
for crops during the week. The thermometer has averaged
77'4, ranging from 68 to 89.
Madison, Florida. Tho weather has been favorable and
cotton continues tojdo well. It has rained on three days of
the week, the rainfall reaching two inches and thirty hundredths. The thermometer has ranged from 70 to 92, averaging 77.
Columbus, Oeorgia.— There has been rain on one day of the
week, the rainfall reaching eighty-five hundredths of an inch.
Average thermometer 80, highest 88 and lowest 70.
Savannah, Oeorgia.
have had rain on six days of the
week, the rainfall reaching three inches. The thermometer
has averaged 80, the highest being 93 and the lowest 6S.
Augusta, Georgia.— Rain on each day of the week has
greatly benefitted cotton, and the outlook is very encouraging,
though a continuance of rain may have a damaging effect as
the crop has had sufficient rain for the present. Rainfall
four inches and twenty-six hundredths. The thermometer
has averaged 77, ranging from 69 to 89.
Charleston, South Carolina.
have had rain on four
days of the week, the rainfall reaching two inches and fortyone hundredths. The thermometer has ranged from 71 to 90,
averaging 80.
Stateburg, South Carolina. Rain has fallen on five days of
the week, the rainfall reaching ninety-seven hundredths of an
inch. Too much rain and cloudiness.
Average thermometer
73-4, highest 85-4 and lowest 69.
'Wilson, North Carolina.
Telegram not received.
The following statement we have also received by teleg^raph,
showing the height of the rivers at the points named at 3
—
—
— We
—
—
30, 1891,
of July was nil.
Weatherford, Texas. It has rained heavily on one day of
ihe week, greatly benefitting cotton, which is very promisine.
.The rainfall reached two inches.
The thermometer has
ranged from 73 to 100, averaging 80. July rainfall three
inches and seventy-nine hundredths.
NaiB Orleans, Louisiana.— It has rained on four days of the
week. The thermometer has averaged 82.
Shreveport, Louisiana.— It has rained during the week to
the extent of twenty-seven hundredths of an inch. The
thermometer has averaged 83, ranging from 73 to 94.
Columbus, Mississippi. There has been rain on five days of
the week, the precipitation reaching five inches and eightytwo hundredths. Caterpillars are reported in the prairies.
The thermometer has ranged from 64 to 90, averaging 78.
Letand, Mississippi.— We have had a rainfall of six inches
and seven hundredths the past two weeks and the weather is
—
—
still rainy.
Average thermometer for the week 80-3, highest
«3 and lowest 69.
Vicksburg, Mississippi.— The week's rainfall has been twenty-five hundredths of an inch.
The thermometer has averaged 81, the highest being 90 and the lowest 73.
Clarksdale, Mississippi.— Rsiia has fallen on four days of
the week to the extent of three inches and two hundredths—
too
much
Shipments
the heavy rain.
lowest 63.
76,
highest 90 anil
Memphis, Tennessee.— We have had rain on five days of the
week, the rainfall reaching four inches and thirty-nine hund-
no material damage
to col-
Feet.
Feel.
.5-7
4-5
10-9
2-2
nent.
111
1-7
3-9
1-4
130
18-3
from all Forts. —The receiptg
Bombay have been as follows for
the figures down to July 30,
SHIPMENTS FOR FOUB TEARS.
Shipments since Jan.
Oreat
Total. Britain
Continent.
Receipts.
1.
This
Total.
Week.
1891
2.000 2,000 96,000 8(58.000 96-t.OOo'
1890 6,6o6 10.000 16,000 335.000! 1009000 1,314.000
1889 1,000 6,000 6,000 S.'iS.OOO 820.000 1,17.').000
1888 3.000 7.000 10,000 2O8,OO0!5»8,OOO 806,000
10.000
4.000
6.000
2,000
Since
Jan.
1,
1,760,000
1,818,000
1,672,000
1,265,000
According to the foregoing, Bombay appears to show
an increase compared with last year in the week's receipts of
6,000 bales and a decrease in shipments of 14,000 bales, and
the shipments since January 1 show a decrease of 330,000 bales.
The movement at Calcutta, Madras, and other India ports for
«he last reported week and since the 1st of January, for two
years, has been as follows.
"Other porta" cover Ceylon,
luticorin. Kurrachee and Coconada.
Shipments for the week.
Oreat
Britain.
Average thermometer
redths. ^Raius are excessive, but
this week.
tear Great ContiBrii'n.
31, 1890.
Above low-water mark
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
India Cotton Movement
and shipments of cotton at
he week and year, bringing
BOUBAT KKCEIPTS AND
for cotton.
Meridian, Mississippi.— Crop prospects are good. We have
had rain on four days of the week, and the thermometer
has averaged 80, ranging from 70 to 92.
Littt e-iock, /lrfcan»as.— Rain has fallen almost constantly
on four days of the week, and all streams are high and travil
in the country almost impossible.
The rainfall reached tive
inches and seventy-four hundredths. It is still raining. The
tiiermometer has ranged from 63 to 91, averaging 75.
Helena, Arkansas.— It has rained lightly on two days of the
week and heavily on one night, the rainfall reaching five
inches and tliree hundredths. Crops have been damaged bv
and July
JiUy 30, 91. Julii 31. '90.
—
month
•
—We
Cuaro, Texas.— We have had light rain on one day of the
week, the precipitation reaching twenty-five hundredths of
an inch. More rain is needed. Average thermometer 8f),
highest 100 and lowest 72. During the month of July the
lainfall reached one inch and five hundredths.
Brenham, Z'cxas.— Cotton needs rain, there having been o'clock July
but one light sliower all the week. The precipitation reached
twelve hundredths of an inch. The thermometer has averaged 85, the highest being 98 and the lowest 72. July rainNew Orleans
fall forty-two hundredths of an inch.
.Memphis
Belton, Texas. There have been showers in the country, NasliviUe
but rain is needed generally for cotton. The thermometer Shreveport
has averaged 89, ranging from 83 to 98. The rainfall duriug Vloksburp
/the
161
Continent.
Total.
(yaloutta—
1891....
1890
Uadras—
Shipments since January
Great
Britain.
Continent.
1.
Total.
4,000
4,000
18,000
24,000
45,000
100,000
63,000
124,000
1891....
1890
7,000
1,000
8,000
5.000
13,000
3,000
6,000
8,0CO
19,000
1891....
1890....
1,000
4,000
1,000
10,000
1.5.000
6,000
46,000
23,000
33,000
38,000
79,000
13,000
1,000
9.000
1,000
22,000
39,000
83,000
71,000
139,000
109,000
232.000
AU others—
Total all-
1891
1890
The above totals for the week show that the movement from
the ports other than Bombay is 21,000 bales less than the same
weet last year. For the whole of India, therefore, the total
shipments since January 1, 1891, and for the corresponding
periods of the two previous years, are as follows:
^
:
.
.
.
1
THE CHRONICLE.
162
EXPOBTS TO BUBOPE PEOM ALL INDIA.
Europe
to all
Bombay
Jan.
Total
1.
Thi$
week.
Since
Jan.
1.
.Since
Jan. 1
964,000
109,000
16,0001,344,000
22,000 222,000
6,000 1,175,000
4,000 150,000
3,000 1,073,000
38,000 1,566,000
10.000 1,325,000
2.000
1,000
All other ports.
This
week.
Since
Thit
week.
from—
I
1889.
1890.
1891.
fVOL. LIIl.
—
Georgia's First Bale. The first bale of cotton of the newcrop raised in Georgia was received at Albany, Ga., oa
July 24, by Messrs. Carter & Woolfolk, from J. B. Beall of
Dougherty County, and was by them shipped to Messrs,
Robert Moore & Co., New York. It classed about strict low
middling, and was sold at auction on Monday, in front of the
Cotton Exchange, to Mr. George Cummings, at 7 cents per
pound. Last year the first Georgia bale reached Albany on
July 5, or nearly three weeks earlier than in the present year,
Alkxakdria Receipts and Shipments.—Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
Comparative Port Receipts and Daily Crop Movement,
the movements of cotton at Alexandria, Egypt. The following —A comparison of the port movement by weeks is not accurate
the
and
for
week
past
the
for
shipments
receipts
and
are the
as the weeks in different years do not end on the same day of
oorresponding week of the previous two years.
the month. We have consequently added to our other standing
Alexandria. Egypt,
1888-89.
1889-90.
1890-91.
tables a daily and monthly statement, that the reader may
July 29.
constantly have before him the data for seeing the exact relative
BecelptB (cantars*)
1,000
This week
movement for the years named. The monthly movements
2,706,000
3,172,000
4,018,000
Since Sept. 1.
ince Sept. 1, 1890, and in previous years, have been as follows
Since
—
Thit
Since
week. Sept. 1.
Thit
Since
week. Sept. 1.
Thit
week. Sept.
1,000 278.000
i,ooo;a49,ooo
264,000
1,000 160,000
1,000 227.000
158,000
Exports (bales)—
To Liverpool
ToCoutiaent
1.
Tear Beginning September
Itonlhly
Rteeipts.
1890.
1889.
1888.
1887.
1.
1886.
1885.
332,017
2.0001527,000
Total Enrope
*
A oantar is
1,000 385,000
1,000 424,000
98 pounds.
This statement shows that the receipts for the week ending
cantars and the shipments to all Europe
July 29 were
2,0OC bales.
—
Manchester Market. Our report received by cable to-night
from Manchester states that the market is dull, but steady for
both yarns and shirtings. The demand for both India and
improving. We give the prices for to-day below,
and leave those for previous weeks of this and last year for
comparison
China
is
1890.
1891.
8I4 lbs.
Shirtings.
32« Cop.
Twist.
d.
d.
J'e26
«.
d.
«738 5 9
6''8
Julys 7
-87-,. 5
" 10 7
W79,,. 5
" 17 e's «7ii! 5
" 24 6% «739 5
" 31 6% ®738 5
d.
B.
®6
®6
®6
ae
9
10
10
10
812*6 10
8i«a6 10
9
9
9
CoU'n
Mid. 32» Cop.
Twist.
Uplds
d.
d.
d.
8I4
d.
«.
87,8»8Ui. 6 4
41a
Coll'n
tbt.
Mid.
Vpldi
Shirtitigs.
d.
d.
B.
®7
87,80811,8 6 4 ®7
4»,« 87iga>8%
6 4 ^(87
8I3 «813,e 6 4iaa7
4ia
6 5 ®7
6 5 a7
47ie 8=9 as's
4'',B
3
3
3
31a
414
41a
638
6',e
61a
6<r«
65s
611,6
Jute Butts, Bagoinq, &c.— The market for jute bagging
during the week under review has presented no new features.
Stock is being moved to a moderate extent and values remain
Sept'mb'r 732,238 661,710
654,776 359,203 385,642
October. 1,365,231 1,325,358 1,133,016 1,213,404 1,034,450 1,055,524
tfovemb'r 1,145,416 1,257,520 1,159,063 1,178,436 1,169,979 1,083,552
Deoemb'r 1,195,083 1,116,928 1,103,713 963,584 1,164,88b 1,069,920
January
February
Maroh. ..
859,979
535,273
427,702
298,132
196,018
101,834
43,962
April....
May
June
July
700,909
410,044
213,697
110,053
57,362
25,191
13,715
1890-91.
1889-90.
1.30,6,850,884 >,778,792
1,641
201
2,038
1,429
981
818
416
226
41
B.
276
109
106
336
209
184
below:
S.
exported tii—
Great Britalnand Ireland
Germany
1881.
—
Mexico
Central American States and
British Uonauras
indies
1891.
1,331.377
"
482.S23
4.907
100,119
93.648
594,001
"
Oe 1.292
yards
*'
Other countrtea In Barope....
British North America
1890.
**
"
**
West
**
Argentine Kepublio
Braiil
United States of Culnmbla.
Other countries in S.America
China
British East Indies
Other Ciiunirtes In Asia and
Oceanica
Africa
Other countries
.
"
"
"
"
"
"
"
"
798.933
8.424
321.112
3«5.«2»
1.SS4.70S
7,931,000
815.121
iiR.ess
183,300
Total yards of alK>Te..
14.307.22H
Total values of aboTe..
1925,916
Value peryard
I0947
June 30
1890.
9,i'21.764
8.R51,'«4
H,572
4JS.II5
19,181
33.417
1.78>1.24H
5M2.,3«3
274,089
7,157,052
S84.1S8
l,4-2.^77
670,972
1,483,012
629,4«3'
1,088.975;
13,746.779
I1,04H
679.151
629,138
9,578.ri99
1.1011,003
6,1M,456
104,689
3,931.051
18.4W5,n«8
80,914.246
4.6aO,lS8
1,004.662
4,521.596
266.9-3
617,132
7.0<i5.1:<5
844.1.S0
3,289.92'
6.461,029
France
Other countries in Europe
British North America.
Mexico
Central American States &
I288.480
10,411
6.3V2
25.819
11,622
5.615
38,503
494,373
158.053
6.680
6,953
8.498
11.204
80.031
7.1.795
10rt.4;u
662
452
102.772
2fl.7M
63.595
31 '.4'
1336,668
28,0:0
7.797
54,228
31I).S09
179,402
Brtttsta
HondiiriiM
West Indie"
Amentlno Repuhllc
Braill
9,2U2
7.004
8.224
&,7»6
6,72!1
6.927,
2."0ll
3.2u3|
50. 6.
61,215,
9.843
53,835
27,134
51,074
42,027
ii0,533
27.561
2P9 5-5
8N0
513
325.4''4
7.8U
10.442
83.441
8,0k8
28.518
Total Talne of other manufaotures of
»1S8.2C.<<
xsrenate value of alt cotton sooda »1.078.I19
»I34.885 11,736.811
»698.733 «I8.»04.867
»1,832,439
United 9tHt*t8 of Colomhia
Other oonntr'es In Xn. America
British possessions In Australasia
Other countries in Asia and
Oceanica
Afnea
Other countries
38 316
1,502
1,220
8.
1,129
2,628
398
887
7f4
135
163
189
396
2,519
2,449
1,500
2,810
1,003
3,977
8.
433
B.
838
648
8.
1,111
1,265
677
63
998
558
1,098
1,460
1,721
4,091
1,452
1,5.')4
406
340
113
593
278
513
8.
793
86
662
304
B.
1,720
1,974
B.
1,622
1,695
1.364
1,172
23,781
1,109
8.
584
2,122
8.
8.
1,324
191
64
138
271
268
8.
8.
790
2,157
2,148
8.
1,425
1,353
1,061
888
2,136
4,336
r0708
liiO
203
782
379
953
25
105
122.989
1,122
4.141
753
1,579
1885-86.
,190,063 5,257,060
379
1,248
68
2,397
8.
1,811
2,490
3,644
Total
6.900,846 5,792,487 5,507,909 5,4&2,752 5,204,947 5,303,907
PensentaKe of total
port ree'pfs J'ly 31
98-58
99-28
98-45
98-04
97-83
.
118.787
8.
1886-87.
8
835
819
t8,366.83S
,436,743
670
687
71
6.121,209
9.020,3S4
4.823.217
1888-89. 1887-88.
911
973
4,179,832
—
Germany
84,715
45.847
1,994
19.36J.S.-I6
TcAutt of oth«r ManufacttLTtt of
Cotton exported to
Great Britain and Ireland
543,393
414,656
283,645
202,866
133,147
842
233
224
356
661
614
750
7.7i8.964
14,156,16J
a.TiS.HOe
10.19i.777
2.441,157
17.270.288
0.799.967 174.548.272 118,026,260
I703,.78$ll,8u8.046
1-0707
»-0680
644,681
404,272
258,332
89,186
47,426
17,648
14,834
This statempnt shows that up to July 31 the receipts
at the ports this year were 1,108,359 bales more than in 1889-90
and 1,392,937 bales more than at the same time in 1888-89.
By ad ling to the totals to June 30 the daily receipts since
that time we stiall be ible to reach an exact comparison of
the movement for the different years.
Domestic Exports of Cotton Manufactures.— Through
the courtesy of Mr. S. G. Brock, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for June, and for
the fiscal year ended June 30, 1891, with like figures for the
corresponding periods of the previous year, and give them
12 mot. ending
527,570
341,274
225,042
128,721
131,498
72,438
56,009
6,900,846 5,792,487 5,507,909 5,492,702 5,204,947 5,303,907
Total
Pero'tage of tot. port
98-04
97-83
99-28
98-45
98-58
receipt* July 31..
as heretofore quoted, viz., 5J£c. for \% lbs., 6J^c. for 2 lbs.
and 6^c. for standard grades. But little attention is being
paid to jute butts at the moment, and the market closes quiet
at IJ^c. for papar grades and \%<i. for baggiug qualities.
ttuantttiet of Manufactura of Cot-^ Month endino June 30
ton (colored nnd uncoUtrtd)
718,091
461,201
330,510
166,571
66,319
18,102
19,306
31629
tl).9ll9.277
.
Tiiis staf.f mint shows that the receipts since Sept. 1 up to
to-night are now 1,108,359 bales more than they were to the
same day of the month in 1890 and 1,892,937 bales more than
they wt-re to the same day of the month in 18M9.
add to
the table the peroentai^es of total port receipts which had
been received to July 31 in each of the years named.
We
TuR biXPORTS of Cotton from New York this week show an
increase compared with last week, the total reaching 6,458
bales, aaainst 3,161 bales last week.
Below we give our
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. I, 1890, and in the last
column the total for the same period of the previous year.
,
'
.
.
:
1
COUBT
THE CHRONICLE.
1891.1
1.
PT. 1
XPORTtlOF OOrrON (BALIS) FROM M«W TORK tnOB
Wtek SndingXxported to—
July
10
July
17
24.
509^
Tot. to Gt. Brit'n.
3,662
2,408
390
265
ISO
Sept. 1.
statement of the week's
sales, stocks, Ao.,
period
previoua
July 10
year.
466,183
63,230
470.0(!,")
4,935
619,413
549,010
42,217
42.603
100
78.111.'.
at that port:
July 17
July 34
July SI.
—
week
Sales of the
233
4,702
....
5,216
Sam*
Total
fines
July
81
2,408
8,662
4,707
Otli«r British porta..
July
Liverpool.— By cable from Liverpool we hive the following
1890.
.
IBS
48,000
46.000
36.000
42J)00
1,500
1,900
Of which exiMirters took
l,40O
2,900
4,400
or which Dpccalatom took
1.200
1.200
1,600
41.000'
Sales AiiicHcan.
41,000
30.000
36.000
Actual vzport
5,000
7.00111
7,000
8.000
ft4,('()0
Forwarded
64,000
44.00O
46,<'00
Total stock— Estimated
1,109,000 1,071.000 1.04.'S.0O0'l.O24.0iiO
Of which Ainflrlcan — Esllm'd 881.000 846,000 8'^4.0ii0' 797,000
Totallmi'ori of tho week
24.000
23,01
24.000
2F.0OO
20,000
19.000
Of which American
13,000
12.00OJ
Amonnt afli/at
47,000
48,000
StI.OOO
40,000
29.000
30.000
23.0001
30,000
Of which Amerloan...
bales.
,
402
Other French port*..
Total FaiNcn
Spain. Italy,
AU other
44.956
70,839
Sa^'sgH
547
276
151,392
134,082
56
1,247
43,931
4,293
14,14^
15,25.'>
747.050
708
1,453
335
797
52,9j0
The tone of the LiTerpooI market tor spots and futures each
day of the week ending; July .31, and the daily closing prices
of spot cotton, have been as follows:
812
Saturday Monday. Tuesday, Wtdnet, Tliur$€Py. Friday.
gpot.
Ac.
335
797
56
1,247
48,224
Total....
6,649
6.177
3,161
6.458
761,648
Total Spain,
Grand
2!S
250
547
4.^8'
ilso
22.584
160
S72
625
456
-
Tot. TO No. EuROPi
42.703
33,.S97
265
150
100,
Other ports
42.619
1
390
....
Thb Followino ark the Ueoss Receipts of Cotton at
Sew York, Boston, Philadelphia and Baltimore for the pasi
we«k, and eince September
Naw roRC
1890.
1,
Mtd.Cpl'ds.
Baltihoke.
Raetiptf
Tfcii
Sinct
WMk.
8<pt.l.
N. Orleans.
8.733
1,480
568
10.815
l«e.l9J
68
1ST.811
96
166
1.745
4Y.037
349,869
134.857
1.269
119.234
17.738
50
4.106
767
SsTsnDab.
Jitpt. 1.
28^.519
391,839
368.848
TSZM
318
io. Carol's.
Nn.Csrol'a.
virclnla...
Nortbn pts
Tsnn.. Ac.
100
This year
9,871
rikii
WMk.
5.654 1,431.046
Hhippino
Sine*
Sept.
791
74.878
624.095 ~r,403
3.468
809
18.431
4»8
4^8
5,000
7,000
5,000
8,000
500
500
500
StsadT at
1.64 ad.
ranee.
Qnlet at
Steady.
Ea>7.
Qalet at
1.64 decllne.
oltne.
47i,
8,000
500
10.000
1,000
Eaiy St
1.64 decline.
Firm at
4.64 ad.
Tsnce.
Bareir
steady at
1.84 adT.
Quiet.
Irregular.
500
126
144.819
Qalet and Quiet and
steady.
steady.
8at.,
July 25.
Men.. July
Tues.. July
'.27.
'^S.
8.486
78,8 47
60,03«
30
142
102.605
69 ^03.8)5
4.16.805
458
Fair
business
doing.
Sarden*0
doln£.
The opening, highest, lowest aad clonag prices of futurei at
Liverpool for each div are c;ivea b-jlow. Priqis ar i oa the
basisoC Uplands, Li w Middling clause, unlen ottier wise st ited
S.TS0
100
562
610
More
Dull.
1
....
"7.490 1.293.846
.
Since
S<pt. 1.
19.268
Forstsn
Last r«ar
101
101.849
1.960
Hflbtle
riort<l«
Thit
veek.
8ince
ruif
week.
Quiet.
47l6
Sales
Spec Aexp.
PHILADBLPH'A
Boston.
Market,
ket. I
Moderate
1:45 p. M.)
917
8.176
872.103
222.924
News,— The
exports of cotton from the Unitec
States the past week, as per latest mail returns, have reachpc
14.639 bales. So far as the Southern ports are concerned, thesf
are the same exports reported by telegraph and published in
the Chronicle last Friday, With regard to New York wt
Include the manifests of all vessels cleared up to Thursday,
0p«n HigA Lov.
d.
d.
d.
418
4 17
4 17
418
418
419
419 419
September. 424 4 24 424
Sept.-Oct... 424 424 424
Oct.-NoT.... 428 428 4 28
4 19
4 17
July
July-Ang... 4 17
AuguBt. ... 4 19
4 18
4 IS
Aag..Sept.. 4 19
Nov.. Dec... 4 31
Dec.-Jan.... 4 34
Jan.-Feb.... 4 36
Fsb.-Meh... 4 38
Mob..Aprl). 4 40
Open High Low.
Clot.
d.
•I.
419
4 21
424
4 28
4 32
4 34
4 32
4 31
4 34
4 36
434
486 4 36
4 38
4 41
4 38
4 40
4 38
4 41
1
d.
530... City of
Chicago. 1.021
Trlnaorla, 9.^6
Umbrta, 267
Taurlc. 1,928
To Hull, per steamer Martello. 216
To Liiudon, per steamer Lud»;ate Hill, 17...
To Bremen, per uteamer Fiilila. 1
,.
To Hambur-K, per steamer Bohemia. 25
To Rotterdam, per steamer Maasrtam. 125
To Amsterdam, per steamer Didam, 125
To Baireloiia. per steamer Inlzlativa, 1,150
To Genoa, per eteamur Iniziativa. 97
New Orleans—To Havre, per steamer Nantes, 1,872
To Anlwern. per steamer Nantes. 272
West Point— To Liverpool, per steamer Alava, 2,993
Boston— To Liverpool, per steamers Columbian, 1,052
Michigan. 8!)0....eamarta. 318
Baltimore—To Antwerp, per steamer Sorrento, 500
raiLADBLPHiA— To Liverpool, per steamer Lord Gough, 274...
Wed., July 39.
4,702
Op0n|Hi0h Low. Otoe
Otoe.]
It
d.
415 415 415 4 15
416 4 15 415 4 16
416 4 17 415 4 16
418 4 17 4 15 416
4 21 4 22 420 4 21
4 21 4 22 420 4 21
4 25 426 424 4 25
;
1
1
;
i
>j
;
I
1
I
'
'
i|
4 29
4 32
4 30
4 32
4 28
4 31
4 84
4 34
4 86
4 89
433 433
436
438
Total balet.
NEW York—To Liverpool, per steamers Alaska,
i.
4 29
I
4 31
I
438 438
Thnrs., July 30.
21
21
25
29
32
4 34
4
4
4
4
4
436
4 36
4 35
!
d.
d.
415 416 415
416 415
416 4 15
416 416 415
4 15
4 16
4 39
4
4
4
4
22
22
28
30
4 32
4 34
4 37
4 39
Fri.,
>
4 20
420
4 25
4 29
4 31
4 33
4 36
438
d.
415
415
4 16
4 16
4 21
4 21
4 25
4 29
4 31
434
436
439
July 31.
216
17
Open
Hio/i jLow. Otoe.
Open
Hiolt
Low.
d.
It.
d.
Ctoe.\
Open' High\Low. Otoe,
1
25
125
125
1,190
97
1,872
272
2,993
d.
300
274
Total
^4^629
The particulars of these shipments, arranged in our usual
d.
415 416 4 15
Jain Aug... 416 415 416
4 15 416 4 15
August
Aug..9ept.. 4 15 416 4 15
July
September.. 4 20
Sept.-Oct... 4 20
Oct.-NoT_
4 25
Nov..Dec... 429
Dec.Jan.... 4 31
Jan.-Feb
433
F«b.-Mch... 4 36
M*.. April. 4 38
.
2,260
d.
d.
d.
d.
'
419 419 417 418i 4 20 4 20 4
419 4 19 4 17 418 4 21 4 22 4
4 20 4 20 418 419
4 21 4 22 4
420 4 20 418 419 i 21 4 22 4
4
4
4
4
4 25
4 25
4 29
4 33
4 21
4 20
4 21
4 20
4 25
425
4 29
4 31
4 23
4 31
4 34
4 38
4 39
433 4 34
21
21
25
29
4 31
4 26
4 26
4 30
4 34
436 4 36
438 4 38
4 24
4 21
4 25
4 28
4 32
4 34
4 37
4 31
4 86
4 87
4 37
4 33
4 40 4 42
4 42' 4 45
4 25
4 29
4 33
4 35
4
•
27
42;
I
4 36
4 38
d.
d.
416
416
416
416
4 36
4 39
4 40
4 43
4 41
4 43
439
4 42
4 27
4 27
4 31
4 35
4 3-
4 40
4 42
4 45
4
4
4
4
4
4
4
4
20
21
20
20
26
25
30
34
36
38
41
44
d.
4 20
4 82
420
4 20
426
4 26
430
4 34
436
4 39
4 41
4 44
form, are as follows:
Liverpool.
Hew
York.
4,702
<«
it
dan. Havre,
233
K. Orleans.
West Point
Boston ....
Baltimore
PhUadelp'a
Bremen Am' dam.
Bam- and Ant-
Hull
Lon-
Rdan.
burg.
26
werp.
250
1,872
Barcelana <t
Genoa.
1,217
272
'2V793
2,260
500
"274
Tbtal.... 10,229
fiOO
274
233
1,872
26
250
772 1,247
14.629
Cotton freights the past week have been as follows:
Liverpool, steam
Do
late deliv'j- d.
Havre, steam
Do
'
',
<;.
sail
e.
...
21-
21*
»ie
"32
»»2
>S2
'j»
»1
25*
33"
36'
?1S
»is
via lDdlrect.</.
Do
fiteam.e.
iDdlrvot d.
fieval, steam....rf.
Do
6«4
...
Indirect. c.
Amst'd'm,
[
Tusf.
5«4
21*
Hamburg, steam (f.
Do
Jfon.
"64
.. c.
Bremen, steam. .c.
Do
5aiur.
sail
3l«
d.
Barcelona,steaui(i.
%f
!lBt
Genoa, steam... rf,
'32
»S»
»18
»1S
Trieste, steam., a.
Antwerp,
stesm.tf,'
I'm
'.4
BREADSTUFF S.
Total.
6.458
2.141
2.993
2,260
Fridat, Jalj 3t. 1891.
The
market has been without any considerable degree
and the changes in quotable values are slight.
But there is an unsettled feeling. Buyers and sellers are
apart. Receivers have been inclined to ask more money for
arrivals, but have readily met the demand for prompt deliv-
flour
of activity,
To-day there was rather more doing, but at prices
favoring buyers.
The wheat speculation has b»en less active. BulU and
Wedna. Thurt.
Fri.
bears alike felt uncertain of their position. The bears relied
»«4
^64
>>4
upon the large new crop and the rapidi{y with which it is
marketed to depress values. The bulls have relied upon the
21*
21*
21*
liberal export movement and the large needs of Europe to
promote an advance; and between these two, values have experienced frequent though not very important fluctuations.
«.«
»s<
The business for export has been large— being estimated at
not far from three million bushels for shipment in the cur8,3
'ng
*ss
rent week and throughout August. To-day's transactions
35*
were about '00,000 bushels, mostly No. 2 red winter at 99?ic.
352ft@>l 00}^ afloat and 99@99^c. for early arrival.
DAILY CLOSINO PBICKg OF NO. 2 RED WINTER WHCAT.
i>is
»16
»1S
Thure.
Fri.
Sal.
Hon.
Wed.
Tue».
97 1«
August
delivery
96>8
98
0.
08^
97»B
99M
%t
>4*
%l
September delivery
97Te
9714
9798
96
c.
98
9S>4
97T,
Oetolier delivery
98^8
98^
0.
97
98^
98\
99''*
November delivery..., .0. 98
99a|
03 tg
99^
99^
»i«
100 >«
December delivery,,..,, o. 9v>« 10u% lOOti
1007(
-iff-. J Muarv delivery
102
108U 1014 103 1« 101 >«
o. 100>«
,..„« IW»( los^ W-J ^044 10»>a 100
^HvWrery
ery.
**.*ȣ
Wi
—
M
•nPR <JHRONICO!L
161
Indian corn has brought very full prices on the spot, being
extremely scarce. Futures were feverishly unsettled. The
weather in West and Northwest was reported unfavorable
to the growing crop, and caused an advance in futures. Today the return of better weather at the West caused the loss
of some of the recent advance.
DAILY CLOSINO PRICKS OF NO. 2 MIXED CORN.
Thurs. Fri.
Wcrf.
Mon.
Tnes.
Sat.
67I4
67''8
6838
69
66>«
70
o.
Awraat delivery
65%
65\
67
663e
o.
67's
September delivery
63 Hi
62 13
6414
6558
64%
66
o.
Ootolwr dell very
5534
55%
56
56
o.
December delivery
541s
561a
Oats have been variable and unsettled for future delivery,
but large receipts from the new crop have caused a decline in
spots.
DAILY CLOSING PBICE8 OF NO. 2 MIXED OATS.
Tites.
Wed.
Thurs.
Mon.
Sat.
30®
®
3 50
3 85
I
Kye
69
70
72
77
71>«
71
73
80
-
Western, per bush.
78
and Jersey..
80
State
Barley MaltState, 2-io wed
Slate, 6-rowed
90
95
Canadian
98
®
a
®
®
80
82
..
Oats— Mixed. -¥ bu.
White
No. 2 mixed
No. 2 white
37 a
40 a
37is®
42 ®
1891.
HBW York to July
40
52
38l9
44
..
®1 00
1890.
28.
Week. Since Jan.
Sreat Britain
Other Bnropean. ............
Ohlna
39
41
2,344
8,567
96.465
4.429
6.220
2,623
7,907
2,112
5.202
18,795
1,583
jLrabla
4.Mca
West Indies
201
73
23
800
53
.
Total
Oblna, via Yanoonver
Total
Week. Since Jan. 1.
1.
936
100
703
105
India
Oentral America.... .........
$5 00a$5 25
490t 5 10
4 00® 4 85
3 75® 4 10
3
—
DoBiKSTio Cotton Goods, The exports of cotton goods
this port for the week ending July 23 were 10,705
packages, valued at $501,137, their destination being to the
ooints specified in the table below:
from
Fri.
35ia
3314
3558
33»8
34
0. 3414
Angaet delivery
33i«
33s«
3214
0. 3214
3238
32%
September delivery
Rye has been in demand, and to-day prices are firmer, with
(ales of No. 2 Western to arrive at Buffalo at 74i^@75c.,
Spot prices are nominal. Barley of the new crop
c. f. i.
has been shown on 'Change; the color is said to be not as good
as last season.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):
FLOnR.
Fine
* bbl. $3 00®$3 50 Patent, winter
BuperUne
3 60® 3 85 City elilpplne, extras.
Extra. No. 2...
4 00® 4 25 Kye flour, sujjerllne..
4 30® 4 65
Pine
Extra. No. 1
4 40® 4 80 Corn roenl
Clears
Btraiehts
4 70a 5 00
Weelern, Ao
Patent, spring
5 00d 5 30
Brandywine
GRAIN.
Wheat—
Corn, per bush.—
c.
o.
Spring, per bush... 1 00 «1 10
Wesfn mixed
Ked winter So. 2.. 98%®l 00
W'n mix. No 2....
Red winter
95 ®l 05
Weet'n yellow
White
97 ®1 03
Wehteru white
[Vol. LIU.
277
66
936
3,640
1,119
25,090
210
1,848
5,912
2
4,17!)
9
8,212
1,129
.2,651
iei
62
16,35ti
1,837
10,705
148.616
12,915
1,726
71,973
10,705
161,531
1,726
102,921
30,94>'
From New England mill points direct.
The value of the New York exoorta since January 1 ha^e
*
been «7,749,485 in 1891, against 14,055, 16i in 1890.
There has been a fair business in staple cottons. Brown
sheetings and drills were in steady request for home account,
but the export demand was slow, accounts from China being
of a discouraging character.
In popular makes of blea-hed
shirtings a comparatively good trade was reported, but taken
aU round the demand was disappointing. In other descriptions, such as cotton flannels, colored cottons in denims,
ticks, cheviots, &c., and in corset jeans and satteen.", white
goods, cotton linings, &c., business was of a moderate extent.
Seasonable styles in prints and wash fabrics were inactive, but a quietly steady demand was recorded in dark
styles.
The market for print cloths has ruled quiet all the
week, the demand not being improved by the reduction
price made last week. The quotations are 2^c. for 64xt
and 2%c. per yard for 56x60s.
1891.
1890.
1889
July 25.
Stock of Print Ototkt—
Held by Providence manufacturers. 485.000
Fall River manufacturers
421,000
Oatslde speoulators (est)
None.
July 26.
July 27.
4511,000
129.000
232,000
15,000
7,000
None.
906,000
697.000
136.000
Por tables styen here usaally see page 147.
Total Btook(pleoes)......
FOBKIQN Dby Goods.
THE DRY GOODS TRADE.
— Business was fair in imported goods
during the week, but the demand was not active, and dependent more upon the exertions of salesmen on the road
than the operations of visiting buyers. In leading Hues of
staple goods importers are steady all round, the new importations meeting with fair success.
Prices are generally unchanged and stocks not over-abundant as a rule.
up of a large number of orders in which it is the exception
Importations or DrF 4>aoils.
to find any of considerable extent. Even in domestics, in
The importations of dry goods at this port for the week
which the trade ought to be opprating for later delivery with
some freedom ,it would appear that buyers' views are bounded ending July 30, 1891, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows:
entirely by requirements immediately in sight. The demand
for fall specialties in prints, ginghams, wash fabrics and
dress goods has been quiet, with little doing in seasonable
1
styles.
There is still tbe urgency noted in previous reports
E;M"
for speedy deliveries, and shipments during the week have
i: S
been pushed actively forward. Prints for fall wear are fairly
B
S:
sold in the West and Northwestern sections, but the Southern
i
^
p
CB
;i
demand has been poor, while ginghams are generally in good
.1*1!©
s
shape and dress goods considerably sold ahead. In domestics
|i
iiiiir
the future looks like being a trial of endurance between pro«
M
H
ducers and purchasers, with present indications inclining in M
o.
c*.
OCO
CO
MCC^tOlO
BTbw York, Friday F. M.. July 31, 1891.
There has been a fair amount of business recorded during
the week at first hands, but buying is still largely of the conservative character lately noted. The demand is in fact made
•
the majority of instances in favor of the latter. There are
some makes of both brown and bleached woolens in moderate
to light supply, but it is certain that goods are accumul^ing
in others, and the weight
of
the
latter
will tell
more on the general tone of the market than the present good
position of the former. Crop prospects continue favorable
for a good fall trade in wheat-producing sections and in
the
corn States, and manufacturers and their agents believe there
will be a consumptive demand from these greater than
last
fall.
They admit that it looks like coming forward more
gradually, and that from present signs it will have to be
depended upon to make good a considerable Southern deficiency.
Whether it will do so, or whether it will prove
sufficient to offset the low price of cotton and of piece
goods
remains to be seen. Buyers apparently see no possibility of
higher prices this year, with the probability of lower in
do-
mestics. That an occasional make may, under
exceptional
circumstances, stiffen momentarily is admitted, but
broadly
viewed the market is in buyers' favor.
Domestic Woolens.— There was a rather better demand
for both heavy and light-weight woolens for men's wear
during the week. The wholesale clothing trade were
placing
more duplicate orders for fall grades and paying more attention to new spring styles in fancy cassimerrs, mixtures
and
piece-dyed woolens and worsteds in light effects. Union
and
cotton-warp cassimeres were quiet. New overcoatirgs in
allwool and cotton-warp meltons, cheviots, Thibets, etc
wtre
in moderate request, with light duplicate orders for
chinchillas and other rough-faced varieties. Cloakings,
satinets
doeskins and Kentucky jeais were all without
notable
cfaance. Flannels, blankets and carpets were more
active in
movement than demand. In all-wool and worsted dressgoods there was a free movement in fall makes on
account
of back or4pr>i but npw business was moderate.
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