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xmitk
HUNT'S MEllCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY. AUGUST
49.
Clxfcrwidje.
^Jlxje
Terms of Subscription— Payable In Advance
For One Year (InuludlnK postage)
$10 20
do.
For 8lr Mouths
CIO
Earopean BiiliscrlpttoD (tnolaaing postage)
11 28
European Subscription Six Months (Ineludlnj; postage)...
6 64
Annual sabsmlption in London (including postage)...... M2 7b.
do
do
SLz Mob.
do
Al Ss.
wrrtiiM B n»Kii { WILI.IAM B. DANA dc Co., PnblUhern,
1"» Willlain Street,
YOKkW.
Lh^SO. FiioYD
FLOYD. '^j
JOHN
p^g^ OFFICE BOX
NEW
958.
For the econd time only since the beginning of 1889 the
week (that ending Aug. 3) record a
decline from the similar period of 1888. The falling off, lunv.
ever, is very slight only three-tenths of one per cent— and is
due wholly to the decreased stock speculation at New York.
;
clearings lor the cun-ent
—
Outside of
New York
there
is
a gain of 4'6 per cent.
July.
EnUnt
WUk
Atig. 3.
JBnd'o July 27
New York.
P
Cent.
1889.
440,511.120
•23.ls,i,li00
New Haven.
8.41M.1K0
6,709,7; ili;
SprlngHeld ..
Worcester...
Portland
Lowell
5.41I5.H9U
4.87.i.Ht3
4,S9i',041
2,88i,'i40
4,0.9,743j
Total N, Eng
Philadelphia.
Pittsburg
Ualtimore
8yracuse
55T,li39.»C7
575,711.198
-3-1
B71,7;;9,487
«o'M at—
,
aharu.]
{Cotton
idrain
(R19.I01)
ti'iiti.',
(Ki-^.oon
buthela.,
(2S.575,a'5
IPelroUum
Itj.48U,UUUl
bblt.)
Boston
80,31B,452
4,lbe,IOO
1,64.?,4M
1,174.0;0
Pr«»7idence
Hartford
New Haven
(I.080.H49
ia-«.iooi
(80,a2«.il2
(1B,8B8,0U0J
82,a-P,B68
4.ai7,50tl
i,ees,4n
l.l.')4.4i!U
BDrlnKtleld
l.loa.'iBtf
i.ona.'im
Worcester
O4l),740
l»IH,231
Portland
Lowell
UHT.491
BtO.OOO
615,Bl(i
eti3,»s^
(-24-8,
(1,027,8)15)
l-3<.-5)
(214.300)
133,277,420)
ll?,572,000)
1-70-7
(-50-0)
-2 9
—3-0
—11
+17
+7-4
+25
—1-3
-223
»0,854,Bn
93,410,130
—2-7
Philadelphia..
Pltt«burK
e7,l.-,?.S49
Baltimore
60,006 „'iCO
10.872,24
11,B93,787
t57,5c9
+119
11.640.0'<4
Bnglanil...
12.(07,186
6«0.4ai
3,U81,U18
Fyrjicuse
Buflulo •
Total Middle...
»1, 406,259
Chicago
62.Rl2,S52
Cincinnati
10.7l(.'J.SSO
Milwaukee
Detroit
Cleveland
Columbutt
Indianapolis
Peoria
Qrand Rapids....
San Francisco..
Kansas City....
Omaha
S,3l.0.B33
3.227,85;
2.307,100
5MI.254
04,3S!0,18'S
8S,325,2i9
17,340,392
7.108,541
4.180.6H8
3.703,422
18,403,150
Topeka
Des Moines....
8iou.T City'
Tacoma*
Portland-
8t. Lonls
New
Orleans..
Louisville
Weniphis......
Rtchiuond
Dallas
Fun
Worth...
Galveston
NorfnU
all
+14-4
+11-8
+5-2
+i>-a
—12 2
+ 11-0
65,570,S00
13,177,597
11,404,691
8/7,139
3,U7B,39i
90,830,221
67,520,87:
9.580,:f00
4,215.B-30
4.185,457
3,889,070
2,4811,701
1-28
Grand Kapids
1)
l-2.'i-f.|
(-5
+22
+7
+22
-,5-,s
+11-3
+N-7
J-BO
-0-9
+24-3
+24-3
-0 9
-7-K
—1-2
4 6-2
-103
-'1-4
8,829,825
+31 9
4,52M,-i61
+»4'8
3,457,b9i
45I.1-7
oV.SVti
-570
547,814
817.177
-3.-.3
707,62 J
371 3i0
B00.283
42-,ul7
421.BU5
1,840,724
6ll2,66»'
-45-9
+V9-5
287,761
+290
437,755
+39-2
48,021,149
45,212,034
+1-8
41,423,880
18.210,021
4.792,196
8.420.242
14,058,209
4,799,372
+8-4
17,0(12,285
e.5.S9.210
-1-8
+19-8
+12-7
I,»7h,136
l,32i.400
2,191,749
758,719
827,338
943,070
441,943
524,251
520,535
S4';,r.3
64M,744
:
34.524,098
81,428,216
917,316.759
Hft7.l8«.l>0&
+7f2
+19-7
-7-4
+1
4 0-8
+ 14o
8.f)>-5,,784
+7-8
Louis
Orleans.
Louisville
Memphis
Hlehmoad
Oalveston
Fort Worth...
Norfolk
Not Included
13.,
-41
i21,:i5-i,480
+13-a
+li-5
10-S,
841
9;M8i,iH!i
+17'»
.828
,-2i
+8-6
+2-4
2,-s,73i.l;8j'
2.3o,(>u,i,:i6»
118,707.9tir
105,905.113
112,131,504
108,475,1113,
llH,lt24,S3i)
101,303,2l!3
39.413,1578
2,74n,HO0;
4,113,,3181— 33-2
3,e07,3:i6
I,h24,h75i
2,07;
21,1«9,I9J
21,761,91U
ll,7ao,S3S
17,223,133
60,.S41t,0:13
985 +24-2
3.81410o[
207,165,781!
186,004,049+11-4
-i-4
+30-4
15.089.480
+ U-1
28,791,1101
30,477,432'
7,813,993!
10,190,734
2j,13t<,s;Bl
271l,53;l,4:i2;
235,021,71:8;
207,7«!i,9H:
174,7.'!(i,142
tl),430.i'31i
8,5r>»,01..0
4,488,154|
2,;i::3,3a4!+2.i-7
2,400,44!i!-rSl-5!
2,498,60iJ
2,72l),2i>l
167.335.968
138.855,565
1
,4>-li,:l38,797
72,40;i,172
85,.8i,751i'
2t>'8
—8-4
+207
+7»
515,503,995 +10-4
5.57,647,6021
+0«
+08
—40 9
2I.-252.107
9.037.-290
67,134,900 +22-3
++la-l
1
39,177,632
35,795.387
l,341,784,S9j| 1,214,631,4991
24,217,0.58+25 9
+12
+io-a
+3-4
98,348,004 +22-a
74,121,f»4S +40 7
49,S43,001 +3-0
82,207,885
8,lW1,'.38
+6-8
458,697,809
301
1,451 „33l +25 5
2,2i;-i, ,305 +l^•l
+2-1
+16-»
460,887,8.'i6
0-11
5,1-144,X'lal
58.113,897
S8..WS.751
18,017.911
2,767,242,8Ji: 2,548,372,859
+ 1-8
—
+8-7
10-8
01.242.0:
H,»23, 100 43;-l
50.808.U00
+9'»
+18
»
419-8
429-0
+30-4
S0,;il5,l'H.1,
2;l.246.579
31,1379.218
2U,S,0J,O03|
17B3t.7:<7-|-77 B
23,212,503 -0
1,265,08H,235
1,110,299,717
+i4-a
+20-7 31,772,542,701 27,362,408,036 +16 1
4,824.32."',-2S3 3,t«0,82><,(-10
all
ua,034.79
10,681, 45 +61-5
9,M10,,2i7;-40-0
Outside N. T.. '1.710.871,234
•
.0711
l,-3S,25O,0f'S:
298,:i5S.630i
mi'.
18,193,291
2,h8-.s,03
Total South.
Total
18,683,;,402 4
MM
l:«l,
71,
37,
45,
19.
6,231 ,603
2,423,,017 T'24-b
47-4
,1187
:i24.
2ii.831,30:i
'
4
1
5-~l
1 1
10.241.730.088 +11-
,42 ,84».97
1
in totals.
Our compilation embracing operations on the various New
York Exchaugoa now covers seven month.s of 1889 and 1888:
Sei-rn
4331
+ l-,9
+35-2
Description.]
Par Value
[
\or iiuaiititi/.
Set-en
months. 1889.
4,H34,o48
5.984,9 12|
I,4H-,H34
2,184,000,
1,874. 178|
997.2'8;
65B,0-.a
491,Sh0l
victual
.4oer'yf
Value.
Price.
41.3as.04li
Sh-si
Stock Val.
23872.34074
11380894471.'; I
RU. bond.i. $285.li5k!..S'5 t22ii.27l.l4.i 80'5
$-.iS)- .ij il'20-x
»2.392.85'i
Gov't bonds
.
$;i,7oi.H,
+16 Bank stocks;
o
I
+9
4
+1-7
+28
+83
t+-2S-8
+13.'<-0
+97-1!
+ 17 4
-93
1 1 ,0.v^.».io
«.'.(2'2.21.9
840
»1.3i,,'lii5|l3;18
Total .,.!4079,S74,O9 f .i.iii3'K)3,3 a 6.1-8
81c.
Pet'l'm.bbls 302.054.tiOo »-288.5.>1.2
»j|2.2B3,575'»3r84
9.»77.9''«
Cotton, bis.
Grain. bush.l 93:i.5B4,4i2 1731.9411,7 lOl 00^40.
Par
months, 1888,
I
I'alu
Actual
Avtr'gt
or tjuantit
Value.
Price.
St.834.121
17i-02.-SI03
61-3
*202,4.1U.v><.M «isivnrt.ri4t
«.'•. I'iil.llj.}
t4.31 '.8,0
1LU8
t2U29.:) 4 2.5
»2..i7».ni
tl.l'-4.100
i»31.S».9»7.3-l
78:!.9.^4.li
J
89-2
H.3>-*.I09 692
*i.535.2»7 138 U
!;l!iini'7,iH.';
63-2
'
l'.?./2.'.ii
I
Total Taluel
14134388.8281
10o>
»94.8u9,,..
|HI22<2S,9<I0|
The returns of exchanges for the five dayi have beea
Contrasted with the
received by telegraph this evening.
+18-2
+B-8 ~~tol52,»18
like period of 1888 the total for the seven cities exhibits a gaia
-OS 02. ,566,387
of 10-3 per cent. Our estimate for the full week aided Aug. 1
~+f6 r-,ri.H,8.Sli.880 -+13^
indicates aa excess over a year ago of about 8"5 per cent,
078,221
914.828.512
totals,
+122-1
9.0a.'>, 50O
411-1
+14-1
—7-5
:-.98.614
l,05l),00t)
1.4 90,825
IS,S08.,513
14.009, 733
11»,.172,U93|
2,518,Slil,731
+ 401
891,337
1,379,487
—01
.
W
New
+12'9
13,582,269
7,834,711
9B2,0u0
.
Total oth'r
St.
+10-0
5U4,«it!
Ocs Moines
+ 13-9
+173
1,18. ,"-»
1,887,
5,.S41.itB
5,592,22.1;
'IVipeka
621,2U
1.254.908
238,744,,818 46-1!
41,145,,450 4;5-:i
18,22",,8-il
+ 172
+12'3
12,881,940,
269,8»6,668
47,42-.800
17,f>5n,
+218
i
2,870,604,817
32,141 158
85,509,444
1,1
rl50
72.198,:,;
379,461,245 416-5
17,N)6,tH
40-8
-587
4 5-'
2,813,534
^.
443,0011,119
38,008,410
21,081,448
+15-3
8,886,73,1
1,^14,020,000 +15-8
3>-A'5:,S95 +12-0
319,096. ',i4 I 48 9-
4
SO-3
+8-0
87:1,134,18;)
+5-4
43-3
-t9-3
2.I(il,Wi.43t
67,815, 420
Duluth
8t. Joseph ....
Los Angeles..
Wichita
87.946.
18.784,
+21 -3
71,298,(i5-.>
+183
2l'.810.
62,-.i5n,3u3
San Francisco.
Kansas City...
.Minneapolis..
32,7lb.
278,428,447 416-3
47,1.^3,7BI t^200
403,333,490
+11-0
94
+20 1
30,3;n. iffiJi
20,400.
—»
Tot. .M.West
-N3 St. Paul
-fOC Omaba
498 Denver
4
414-
b)
1,9(H,I98
1,182,205
-31
8,380,581
2,377, 143
I
New Tork
^ot invluava in
40-3
100,500,411
2,lll0,(jnb
692,838
Total Boutheni.
•
-+99
l,i)17,0H4
1.021,492
1.029,798
597,975
193
4t<1.9f2
BirmlDgham*..
,.
+ 0-4
i,o;3,4;),j
Peoria
State bonds
Tout Other Western.
Ootslde
7,9J3,57i3
3,479,111
3,7 2o, ISO
-2-1
4,3t-3,7UU
l,t0?,27ti
l.U'<».14l
4.«-.;B,
Duluth
et. Joseph
Los Anueles...,
Wloblla
5,155,131
2,72W,4n7
1,595,052
1,428 2BU
510,918
4.4,12.181
Denver
Total
4,!,9m,705
1.88'.',0«5
Mlnneapot.s....
at. Paul
58,042,944
9,437,^00
5 392,118
5.12l,0O«
2.10i.:iU8
Total Middle Western
8?,V29,923
+12-5
89,854,8-3
(-18-8)
84,1);4, I'O,
.'.'2.1130. i;3,
318,aS7,C99
17,198 ,!»59
10,8 r,!, 100
8,851,914
B,0la,^8l
3,015,479
...
+o-»
48-8
47-5
3.1,1.^3,
S,822,100."82 +12-(>
Detroit
Columbus.
12-3
.'.0.1,1.
3.176.369,375
i0,iil3,923
...
13-5
,2-8
511.
408,014,511 1-22-S
3,235,183
Milwaukee
Sl.').721.1
I17.1II. .(,
498,829,S70
a3,3.'<5.449
Chicago
17.120,675,907 +18-»-
494,811,0111; 4 5
4,-J87,-280
P.Ot.
,880,899,1
412
2,792,818
57,547,8;j8
....
Indianapolis..
iSlocki
New
+12-?
Il),9o«.Si'0 +111
9.11111,713 +1.-*
l(l.Mi3.S7;
1886.
«
358.807,408 f23-l
Providence..
Hartford....
Cleveland
New York
Total
P. Ctnt.
1889.
2,904,034,051 2,344,270,013 +23-9
...
Cincinnati
18S8.
Sevfn Months.
1889.
Total Middle
Wtek
1,259.
The exhihit for the month of July is a very favorable one.
The total approximates close to that for Jtme, and at many
points the gains compared with last year are quite important.
The aggregate for the seven months exceeds that for the like
Iieriod of 1888 by 16-1 per cent.
Boston
CLEARING HOUSE RETURN'S.
NO.
1889.
10,
'J'HE
lot)
CHRONICLR
[Vou XLIX.
Furthermore the demand from the East for paper has
Rates however are not as yet affected
felt by tlie
There has been lesa solicitude
quotations
being firm, though the same
materially,
the
has
This
the past week.
WBpecting the future of money
for
week.
as
last
demand
of the crop
duo in par. to the holding off
The notable fact with regard to the money markets
to the increase, last Saturand
West,
the
from
ourrencT
sur- of Europe this week is the advance in the official minithe
in
anticipated,
many
dav. instead of decrease as
Bank of England from 2^ per cent, at
banks. Furthermore as the mum of the
plus reserve of the associated
It is
which
it had stood since April 18, to 3 per cent.
disbursements,
ordinary
its
Oovemment got out through
millions a singular coincidence that just a year ago the Bank
about
9
showing,
week's
accordiug to our last
in, confidence raised its rate from and to the same figures. Yesterday
more of currency in July than it gathered
reported discounts of sixty to ninety-day
to keep the money market the cable
in the ability of the Treasury
The cause for
bank
bills
in London at 2| per cent.
taken
measure
in some
easy through the fall months has
which
has
been
operating to
same
No
this
advance
is
the
general.
had been so
the" place of the doubt which
there
for
weeks,
of
money
some
that is
of
increase
value
the
intentions
good
one has at any time questioned the
loss in bullion by the Bank of England and
uncerthe
continued
the
all
particular
Secretary Windom in that
the power especially the withdrawals for shipment to France. The
Uinty has arisen from a belief that he lacked
But the foreign bankers here looked for an advance of 1 per
moment.
critical
the
at
to command bonds
are cent, and they regard it as likely that the rise to 3 per
disbursements
ordinary
his
if
that
is,
now
argument
THE FINANCIAL SITUATION.
public
entirely ceased.
W
;
larger than they were a year ago,
bonds.
he will not require to purchase so very many
reflecting
as
Though these suggestions are important
cover the
fail
to
in some quarters, they
to continue so
much
cent will not be effective in stopping the outflow.
Bank
The
England reports a loss of bullion this week of
£631,000; this, we are advised by a private cable to us,
was caused by an export of £94,000 to France and by a
current opinion
that
shipment to the interior of Great Britain of £537,000.
presumed
be
to
is
Of course it
real situation.
GovThe open market rate for money at Paris is now 2| per
the
for
fall,
this
stringency
there will be no severe
puicent;
at Berlin and Frankfort it is 2 per cent.
by
needs
it
bonds
what
get
to
expect
will
ernment
in
Our foreign exchange market has been dull, and was
chase, or else it will most likely increase its deposits
But in matters affecting the money market it without material change until Thursday, when some of
banks.
of
always safer to face the truth; to belittle the conditions the bankers red need their 60-day rate to 4 85^. The tone
invites the danger, because it discourages preparation. had been heavy for long, with actual business 1@1^
And in this case the real facts, which are about as follows, cents below the nominal quotation. Yesterday the leadseem to be so clearly on the surface that they cannot ing drawer also marked down long to the same figure,
it
to the Government's ordinary dis- so that now all the bankers are quoting 4 85^ for sixty
only necessary to say that though they days and 4 88 for short. The market remains dull, and
may in cases be anticipated, in the aggregate they almost without feature. Scarcely anything is being
cannot exceed the appropriations. (2) With regard to done by the arbitrage houses, and commercial bills,
As
be hidden.
(1)
bursements,
it is
last year's
to
extra supplies of currency from September 1
November
1,
the monthly Treasury statements show
though they are appearing more
great volume.
The outlook
is
freely, are
not yet in
for lower rates later on,
—
but no material change is anticipated at present at
advance in the official minimum of the
The Bank's
quently that it contributed that amount to the market Bank of England shall prove effective.
in addition to the coinage.
(3) Notwithstanding these stock of gold is now not much larger than it was a year
additions, our clearing house banks on the 3d of ago, being only £20,916,618, against £20,099,800 at the
that between those dates the Government lost sixty
million dollars of different kinds of currency; conse-
least until the
November, 1888, only had a surplus reserve of $13,- same date in 1888, and it is not likely that the manOf course if
730,2.50, the' outflow from the Government vaults agers will let the total fall much lower.
having been thus speedily absorbed by commerce. money should grow materially dearer here, as seems
currency did not probable, that would affect our exchange rates.
(4) That the crop demand for
begin a year ago until the latter half of August, and
Though the developments of the week in trade affairs
this week's shipments of currency to Chicago would have not been entirely of a favorable nature, there is
indicate that it is beginning a little earlier this year. one particular in which the situation, as heretofore,
(5) That as our crops are larger than in 1888 and as appears very encouraging.
The volume of trade is of
business is more active (for evidence of which see our large and increasing proportions.
Each new statement
monthly statement of clearings given below) it is reas- of earnings or bank clearings merely furnishes addionable to anticipate that the requirements will at least ditional proof of this.
We give on another page our
be no smaller.
It strikes ns that it is both wise and usual report of gross earnings for July, according to
prudent to recall these facts.
which it appears that the amount of increase over the
The week's changes in the money market are slight. same month in 1888 reaches 12,459,707, being in this
For call money as represented by bankers' balances the respect one of the very best exhibits for any month
extremes have been 5 and 2^ per cent, with the average this year.
And the returns are representative, too,
at about 3 per cent.
Banks and trust companies have the exhibit embracing 129 different roads, covering
this week had no difficulty in getting 4 per
cent as their 80,014 miles.
We have also made up our record of
minimum.
Time
have ruled a little firmer in bank clearings for the same month, and there the
been light; quotations are 4 growth is really marvellous.
As against a total of 3,830
per cent for thirty to ninety days,
4i@5 per cent for million dollars in July, 1888, the total for the present
four months, and 5} per cent for fi^e to
six months. July is 4,624 millions
that is, there is an increase of
Commercial paper has been stifl further
unfavorably nearly 800 million dollars.
There was a decrease a year
affected by the failure of the wool
house reported on ago, but the amount of the loss then was only a little
Mednesdav, which, following so closely on
the failure over 200 million dollars, so that allowing for that loss,
in the dry goods trade a fortnight
ago and that in the shoe the gain would still be strikingly large.
Moreover, this
trade last week, has made the
banks very conservative heavy addition is not exceptional to July, but has been in
loans
tone, but the business has
—
AnausT
10.
through
j>rogress all
following
THE CHRONICLK
1889,)
may
year, as
tlie
summary by
be seen from the
Olearlngt OuttUle Ifeto York.
Alt.
P.
«.
who
of the State of Iowa,
much
apjiarently
as in posing a«
an opponent
of the railroads of the State, has this week made
another move in pursuance of liis well-known policy.
MONTBLT CLEARINOS.
CleaHna; Tntnl
The Governor
delights in nothing so
month.s.
1889.
167
P.Gt.
He
has prepared a series of questions for the Railroad
Commissioners to propound to the railroads.
4.187,841.25'
4,038,002,034 +190 1.738.281,170
3.587,301,147 -H8-8| 1.465,721.789
3.78 1.980,759' + 18-5; l,8»8,083,»e9
1,353.772^10. +8-3
1.400,9«9.605 +140
let qoarter 13,35e.831,0flt
ll,S91.ia4,54')'+17-3' 4.802.035,917
4,270,464,904:+12 5
Jananry....
4.8o7.o.^s.ofl;^
F«briliir7
4,0C0,8jl.7.sn
.
M>rob
1,015 5,38.027 +7-7
J.2S1.882,25l'-Lll 3
22-2
3.813,3»7,42
1.577.309,024
13,791.688,317: 12,140,612.70S *.l3-8
April
4.3OT.2a4.0»
Mar
4,788.258.30.
Jnno
4.801,();i5,827
3d quarter.
6 months 27,148,217,418 23.531.7;7,ai;
4,824..32g,28a| 3,830,828,81
July
1.519,732,»99 +14-7
1,0117,902.251
1,443,197.374
1.5J4.828.H27'
1,824,888,542
1,487,080,288
+03
+0
;
2
3
-t9 3
4,8»l(,K.S«.H20
4,481,9116.487
rl5-4
9,701.978.737
8.755,371,8 ilj+loli
t-207
1,719,671.284
1,488.358,797' +16-7
It will be noticed that the ratio of improvement outside of New York has all along been smaller than for
This is the
the whole country. New York included.
But the increase
reverse of the condition a year ago.
outside of New York is nevertheless large, reaching
15 -7 per cent for July, and follows a small gain the
year preceding, and in fact continuous gains for a series
of years; in amount the increase for the month reaches
The
233 million dollars.
increase for the whole country,
793 millions, leaving the gain at
New l^ork 560 millions. This latter is in part accounted
for by the larger stock transactions at the Stock
as already stated,
is
Exchange, but only
Here
in part.
is
the record of the
stock sales.
NEW
SALES OP STOCKS AT THE
Y.IRK STOCK EXCUAKOP.
1889.
Mont*.
Xumber
>f Shara
|
Actual.
Par.
1888.
j
Value:
*
«
Pjt.
Actual.
i
»
429,780,660
853,014,700
285,112.394
315,899,724
3.928,117
326.142,550
210,128,645
5,9i8,9(>8
3,145,330
6,148,105
551,95i<.35"
351,178,':38
5.2311.883
289,142.200
421,683,000
178.309,283
268,609.102
4,%72.103
lit qr. 16.947.211 1.534.751,7011
981,883,358
12..'S22,3v;8
1,016,987,750
e55,104,9t-0
4,821,012
411,' 93,400
271.623,703
7,814,877
638, 71,750
7,165,711
873,794,760
420,089,988^
8.818,182
531.774.850
384,617.380
314,150,133
6,775,821
83,3,713.2.50
387,726,.357;
3,823,275
8:J3,981,150
199,191,953
April...
May....
June...
Sdqr. 18,752,.3n 1,74^,601,410 l,0b0.320.0ae 17,853,2-4 1,304,110,750
Smos..
85.890.558
July...
6.828.483
Here we
898,182,446
29.975,600 2,521.078,600 1,553,287,428
303,831,592
4.878.521 408.455,723 2I2,«90,"79
.S,28 '.353.110 2.062.00:!.382
."i23.691,675
see that the
own
his
July stock dealings, though a
efforts at repression
is fearful that some of the companies
do not report correctly various items of earnings " upon
" which the classification of railroads for the purpose
"of regulating their tariff is based." We do not think
officials
will
obstruct
railroad
any
reasonable
attempt of the Governor to get needed
inforWe would suggest, however, to bis
mation.
Excellency a study of the Chicago & Northwestern
report for the late fiscal year ending May 31.
We
publish this week President Ilughitt's remarks, containing an analysis of the situation, and gave last week the
year's figures, with some editorial comments on the
Tlic Northwest certainly can not be charged
same.
with having watered its stock or being capitalized at
Yet we found in our examination
fictitious amounts.
last week that after an improvement in net earnings of
nearly a million dollars during the last five months,
secured through the practice of the most
rigid
economy, the outcome for the year was a surplus
of only *622,0"ll, against $2,612,272 but two years
The
trans-Missouri system
whereas in 1887
dollars,
dollars.
If we allow 2^ times that as the
volume of bank clearings represented, there would still
remain about 400 million dollars increase at New York
in July due to trade and mercantile operations and
transactions other than stocks.
These heavier clearings
million
—
the great industrial activity prevailing the
enlarged distribution of goods in progress, and the
reflect
augmented consumption in nearly all departments of
trade.
There is every likelihood, too, that this
activity
for,
continue
will
into
the
near
as our dry goods report states, retailers
pitomise of good
crops are
making
future,
under
tlio
quite liberal pur-
chases in anticipation of future wants, though there
is
The
had been almost four million
people of the Western States are deeply inter-
it has been the
Northwest to put the surplus into
improvements and betterments, with the view of giving
the patrons of the road improved accommodations and
Even when the surplus was nearly
increased service.
practice of the
the
officials
rate
of
the
of
road resisted
all
dividends increased.
Counting the land sales and including the t anr-Missouri lines, no less than 110,767,130 have been put into
the property in this way during the last five years. Are
the roads, through the action of State Railroad Commissions, which reverse the usual methods of business, " by giving," to quote the words of President
Ilughitt, " the power to fix prices (of transportation)
" to those who wish to buy, and compelling the accept" ance of such prices by those who wish to sell" are
the roads, through the continuance of this unnatural
policy, to be forced to abandon improvements altogether, or are they to make them only through the
—
issue of
new
securities,
no tendency toward speculation. It may seem strauge
that in such a trade situation we should meet with the
numerous heavy failures that have occurred within tlie
last few weeks
in the shoe and leather, the dry goods
and woolen trades. But these failures merely emphasize a
feature of tlie situation which has for a long timo been
one of its main characteristics. The volume of trade is
satisfactory, but profits are small and uncertain.
Tlio
clo.sest economy and the most careful watching are
necessary to bring the balance on the right side of the
afjcouut.
And this must qualify somewjiat the favorable conclusions to be drawn from the continued
the annual charges.
increasing activity in business.
and
—
it
ested in the extent of this surplus, for
four millions,
02^
a
dollars.
attempts to have the
is
suffered
result was, that
even after including the land sales, the total surplus for
the twelve months stood at only a little above a million
on a very large
In values the increase
also
The
of its surplus.
million shares in e.TCess of those for last year, were not
scale.
Notwithand those of
ules of rates, he
marked reduction
j
Jan....
Feb....
Uarcta.
all
the Railro.ad Commissioners and the State legislature in
forcing upon the roiids reduced and unprofitable sched-
before.
Vahua.
XuiJiber
of Shc,res.
standing
be regretted.
thus increasing the amount of
We
are sure
either result were to
One other point we commend
to the
Of the loss of l«l,005,gross earnings on the Northwest during the late
attention of Governor Larrabee.
300 in
about 85 per cent of the whole, is
have occurred on the Iowa and Galena
divisions, thus affording clear evidence of the effects of
If the Governor will
the tariffs put in force in Iowa.
only avail of it, he will find considerable food for
thought in the information already at hand without
year, 1850,919, or
shown
to
asking for mare.
The
stock market has developed increasing strength
activity as the week has progressed
also increased
THE CHRONICLR
158
[Vol
XUX.
unfavorable features,
There have beeu a number of
yORTIIERN PACIFIC'S P 11 00 BESS.
the passing of the
such as the fire at Spokane Fulls,
The
fiscal year of the Northern Pacific ending June
some failures
diTidend on Detroit Lansing & Northern,
and for which we are able to furnish some
1889,
30,
over-issue of
and assignments in the woolen trade, an
preliminary
returns to-day, is in nothing so remarkable
city, and some forgerBtock by a horse railroad in this
as the large and wonderful increase in traffic which has
a
all these have had but
ies of paper in the West, but
been established during this period of twelve months.
market. The speculathe
upon
influence
momentary
The
current year has witnessed some very decided and
generally
upon the
tion for higher prices has been based
noteworthy gains in earnings, both gross and net, by
bright
present
good reports of earnings, and the
railroad companies in different parts of the country,
The prospect of an adpromise for the crops.
but in nearly all these cases the gains have followed
discount was
Tanco in the Bank of England rate of
because
of very heavy losses the previous year, changes
when the
for a time used against the market, but
in
the
situation
accounting for the changes in results.
advance came the course of prices again tended upward,
Pacific, however, the gain is not only
On
the
Northern
while the weakening of the rates of foreign exchange
but it comes after a heavy
of
very
large
proportions,
the
stimulus to
subsequently served to give increased
The principal features in tlio
upward movement.
advance have been the new Big Four and Chesapeake &
increase in the years preceding.
To give an idea of the growth in income, it is only
necessary to say that the addition to the gross receipts
Northand
Union
and
Ohio shares, the Gould properties
during the twelve months has reached almost four
em Pacific, the grangers and the stocks of roads in the
million dollars in
exact figures, $3,861,140.
Of
territory of the Central Traffic Association like Lake
increase
in
the
miles
of
road
course,
there
has
heen
an
The most sustained and prominent
Erie & Western.
operated, on which these earnings are based, but
upward movement has been in the Chesapeake & Oliio
that
is of
comparatively little significance, as it is
and the Cleveland Cincinnati Chicago & St. Louis
doubtful
whether
the average for the year will be quite
shares, for there the advance continued day after day,
200
miles
greater
than in 1887-8; certainly the
dull,
even when the rest of the market reacted or became
increase
can
not
run
above that, as the average for
There
have
and the dealings were on a large scale.
the year preceding was 3,219 miles, while for June,
connecfarther
consolidations
or
still
been rumors of
1889, the mileage was given at 3,445 miles, and the
tions with other roads, but probably as potent a factor
average for the twelve months would of course be less than
as any in the rise was the heavy gain in earnings reported
—
|
for July, the increase on the Cleveland Cincinnati Chi-
the latter figure.
The
increase in earnings, moreover, as
The gain in the
cago & St. Louis for the month being $90,000, and on
previous
had
been
only
than
in the late year,
year
less
the Chesapeake & Ohio $144,000, or nearly a quarter of
reaching
and
over
three
million
dollars,
in the year
Atchison continued weak at
a million dollars together.
before
that
there
been
an
improvement
of over a
had
first, on the announcement of a loss in net earnings for
already said, has been continuous.
June, but latterly has gained strength under rumors of million dollars.
increased gross earnings for the fourth week of July
and reports of the beginning
large crop of wheat in Kansas.
movement
of the
of the
The following statement gives the week's receipts and
shipments of currency and gold to and from the interior
New York
by the
Wt4k endtng Aug- V.
banks.
ReceU'rd by
T. Jlanks
1839.
!f.
Carrency..
Shipped by
r. Banka.
»l,405,000
n.ioe.ooo
Loss,
$.S91,00n
600.000
l.oss.
800,000
f2.3«(!,00O
Loss.
181(1,000
Cold
Total
trold
and
leaal tenders....
Net Interior
Movement.
.V.
tl.MS.GOO
With the Sub-Treasury operations
the
result
as
is
follows.
TTeekmdint Aug.
Into Sankt.
9, 1389.
Out 0/ Banks. Net Change in
Bank
Holdings.
Banks Intarlar Moremont, aaaboTe
11.405.000
»2.3«0,000
Loss.
$991,000
8ut>-Tr«aaarr operations
10,200.000
11.700,000
Loss.
1,300.000
tll.60S.0OO
tU.090,000
Total (Old and le«*I tondera....
Loss. 13,491.000
The
following table indicates the amount of bullion
in
the principal European banks this week and at
the
cor-
responding date
last year.
Auj.e.ie:».
Arid.
Btmktof
OeU.
S
Knjtland
saver.
ntoL
OoM.
S
£
£
\
»'i"o.«iS
V^nca
20.(ii8,nis
&lJiOJ,4.'i3 50.191,061' 101.390.417
SU.za^.flrtn u.7«i.33l! 44,B>4.0iXr
Oarmany"
Aait.-HiinK'7
Netherlandi..!
1S!«.
i
20,0!)«,S00
20,099,800
43,927.103 48.943.93;
32.958.607 lfl.4',,S,333
92870,039
6.074,000 15,101,00:
21,238,000
U.OTK.OOO
S.871.00U
7,05,S,000
13,629,000
2,618,000
1.309,000
3,9a7,0.v.
fl.'.ll.OOIJ
2
'..'Hm
_
1:
4,05.5.000
i.^sljiM 7Uo.0.15[
1,346.569 89,8:j2,270 201,198,839
i'»,lfn:20:>.017.Tflolni.880.SO:i 89.883,315
201,704,205
11
K.
?.
"^K
'
.
11
f I™"
'1
""r toWe of ootn and
" "f '"(er ."ase
la It claiuieil
claiuiea
-
^^^
N
all
.'.;'',••
00')
91..S«4,000
,,,
1
49,435
».411,0<iO l0.;.Si:igO(,
' The dlrlalon
(lictw
""''
nnliinn in
.„k ..f'v'-",'*"'''
?"f'"''
Vie
lotal.
6.i.i8.'«U
'
KaLBelKluni*
Tottbla week
Tnt.prer.wk.
0,
Silver.
-I'
ap|in(.xlniiition.
ViJlieve
to
b'repi)rts,
tUo divistou
'-•'-•v'e™al%t"LeJiTr'tiretium'if ?h?l\.^^^^^^
.u«a»c„«notu.ta«.o-tu«i,,tu'X^-;i-i;i.\^^^^
The
gross receipts of the
result
is,
Northern
that in three years the
Pacific
have risen from
$11,730,527 in 1885-6 to §19,707,468 in 188S-9, or
about 8 million dollars. Such an exhibit as this has
few parallels in the whole history of American railroad
undertakings, and the remarkable fact about it is that
it has been made during a time when the tendency on
many leading Western systems was in the opposite
direction.
To what is the marvellous expansion of this system's
income chiefiy attributable? We find in the first place
that the road runs through a comparatively new section
of country, of great natural resources.
These resources
it has been the utmost endeavor of the management to
develop.
The building of the Cascade division must
be regarded as having been a wise move.
The acquisition and construction of a vast tributary system of
branch roads, distributed all along the main line, furnishes
another
reason
wonderful growth
up the Pacific Northwest, and particularly Oregon and W'ashington Territory, is to be looked upon in the same light.
For
while the whole of the country traversed by the Northern Pacific is of good promise, the Pacific end seemed
to offer special ojiportunities.
That the faith of the
management in the future of this district was not
misplaced is attested by the great influx of population which has occurred there, and is still going
on, and by the numerous thriving towns and villages
which have sprung up. It may be affirmed, indeed, that
the advance in earnings and traffic is in great part the
established.
The
for
effort to
the
build
development along that portion of the
should be remembered, too, that the late
^^^ the first of the Operation of the line through
Cascade tunnel, this tunnel having only been coL
result of the
system.
It
1
August
THE
10, 1369. J
pletod towards the close
CHIIONICLE.
preceding fiscal year;
previously tlie company had been using a switchback
over the mountains, which embarrassed it iu many ways
of the
159
*571,104, and
would compare with $518,085
following table shows full details
years.
It should be distinctly underthis
The
1887-8.
in
for the last five
development of its traffic, and prevented the stood that the income from investments
has not yet
attainment of good results.
been ascertained, but is carried in at the same figures
AVhen we come to the not earnings, the increase is as for 1887-8.
not so striking, and here some disappointment will no
Xnrthtm I'aciflc Itii,
168S-K».
1887-(8.
1886 87.
lg8B-88.
VM-m.
doubt be felt by those not familiar with the purposes
(
«
•
»
i
which the management have in view. The idea has NetMrninss
7,813,0 J7 6.820,7.12 B,8«4,8:tlj 6.811 .«7i
6.«8O,8«0
other laoume
•548.637
648,.'>»7
47I..S06
316,333'
ie3,tt3
•evidently been to devote the increasing earnings in
in the
I
I
I
1
part at least to the putting of the projjcrty in a high
afcate of efficiency, through the making of very liberal
and renewals. This was the more necessarv
since in some of the earlier years such a course was
impracticable, it being very difficult then to maintain a
proper equilibrium between the receipts and disburserepairs
Now, with earnings permitting much
freedom in that respect, the management have
ments.
greater
wisely
determined to give the i)roperty the benefit of the
changed situation, rather than make an attempt to show
large gains in net earnings or surplus.
The latter policy
might have gained them more temporary popularity,
but would have been prejudicial to the permanent v>elfare
and prosperity of the system.
increased
nearly four
million
With
gross earnings
the
dollars,
net
has
increased only about a million dollars, which shows howthe management have been in the particular
noted.
Furthermore, the same policy had been pursued
active
and
more
iu the year preceding,
if
we unite these two
Thus with
years
Total net Income
8,392,484
atjttinH incmne—
Hontals— St. I*wul & No. Pac
t'neiir d' Alene Itjr. JkNav.,
7,869,269, »fiiif,vri
e,iir7,(M)
t.vsjm
B34.M0
MS.SaO
i'h<tr(je»
St. I*uul
A
Paul
k,
St.
644,077
617,110
Oiualia
.Manitoba
Northwest K<julpment Co
.Minn. Union.
^
Tacoma Land
No. PaclHo T«rm
HoadB
Tuxes
Kuoded debt Interest
Ilrancb
.SInkI
g func'a
Tot«l.
Balance
other deductions
Burplas.
•
No exact
One
flijures .vol
fact
;
taken same as last year.
with reference to this surplus should not
be overlooked, and that is, that it is calculated after
allowing for annually increasing contiibutions to the
Not to speak of the guarantee to the
branch roads, the sinking fund for the parent system
in 1889 was $343,309, against only $224,095 the year
•sinking funds.
and only «!50,37« in 1884-5. The surplus of
§571,104
for the late year remains after taking out this
enlarged nearly seven million dollars in the two years.
the net has been increased not quite two millions. With $343,309 for sinking funds. AVe should say, too, that it
this explanation, the subjoined exhibit of the gross and does not include the receipts from land sales, these being
The amount of the surnet earnings during the last six years will be easily applicable to other purposes.
plus as given will be changed accordingly as the income
understood.
from investments is greater or loss than in the year
Northern Pacific. 18S8.9.
lt(87-8.
1888-7.
18«5-6.
1884-5.
1883-4.
preceding; as it stands, it is equal to about li per cent
Earniii'js—
i
t
*
»
on the #37,173,578 of preferred stock outstanding at
Freight
:2,8;7,83s|l0.420,2Jt 8,7.W,o47 8,18y,6I5 7,448,258 7,865 367
PaaseoKer,
5,8!i4,l83| 4,57T,8U8 8,««9,T04! »,S97,21l3,075,88
4,!(37,2d9
the close of the year.
The available surplus up to the
the results are
still
Mali
443,038|
Kxi)ro.S3
298,170
3*9,162
2li0910
MUcellaneous
2f!.").«59
178,124
striking.
3Se,34
800,852
I31,99S
Total earnin88.ilU,701,4>)8 15,846,828 12,789.448
Operafgeipens'sllI,8a3,54l| 9,020,.')08 8.904,817
net eamlDga...!
7,843.9271 8,820. 7s2l 8,884,831
347,05
411, :4»
241,7811
248,388
61.480
175,593
257,843
67,613
before,
5,919.300| 5,953,800
i),922.£;25
end of the previous year had been reported at $787,552;
adding this on, the total applicable to dividends on the
preferred stock would be *!l,358,G56, equal to over
3^
5,811,227
5,681,050
per cent.
53,B6fi
1
gross
1,730,527 11.2S4, 1 49] 12,603,675
:
8,380,349
Though
the improvement in the net has not been as
large as some persons may have expected, yet an addi-
The changes
in debt
during the kte year (outside of
is always treated separately,)
the branch system, which
have not been very important, except that, as is known,
the remainder of the 3d mortgage bonds not reserved
for
the redemption of the dividend certificates, has
factory result.
This enlargement of the net earnings
been
put out. The increase in this way has been about
has enabled the road to more than take care of its
two million dollars, and against this the company has
increasing requirements for interest
tion of a million dollars to the same for two successive
years ought to be considered as by no means an unsatis-
and rentals.
Remembering what important construction work the
company has done in recent years, in building its Cascade
Division and in adding various new branches and
feeders, and the increase in charges arising in other
ways, we need hardly say that the total of the annual
increased
its
stock of materials and snpnlics on hand
to $2,206,C4G. It ^iso spent $1,218,891
from $1,572,494
during the twelve months for new construction and
equipment. The issue of 3d mortgage bonds having
been exhausted, and further means being necessary
to meet future demands, stockholders will shortly be
asked
to consent to a new mortgage, the details of
back.
In point of
which
liave
not yet been arranged. Following are the
year alone was almost a million dollars.
It follows,
therefore, that even with the larger earnings, the particulars of the present debt.
surplus above the charges is not materially diflerent
Amount OitUttntding,
J^I»n«30,'89;J''uiU!S0.'88 J'uiie30,'87 J^lln<30,'88
from what it was iu the previous year.
The exact
t
t
46,943,000 46,878,000 46,878,000 44,028,000
amount of this surplus wo cannot state. We have all General Ist mortgage bonds
General 2d mortgage bonds..
20.000,000 30,0011,000 20,OCO,000 18,867.000
the items of charges, but do not know the extent of the Oenerul 3iJ luortgaKe bonds.
10,997,000
8.093,000
Missouri & I'end d'OrelUe divls'j..
4,549.000
4,86.3.0001
6,.'151,500
5,191,6001
income from investments or other outside sources. The Dividend certlflcates
935.500
4.640,821
4,640,881
1.274,600i
income from investments has been a growing item in
Total
8.1.4M.500 81,608,5001 78,710,321 72.877.321
requirements
is
very
much
greater than a short time
fact, the increase for the late
I
1
1
all the recent years.
Annual interest on same.
ini-rease
Preferred stock
Snpplleann hand.
for
Whether there will be a further
1888-9, we cannot tell.
Taking it the
6,006,470
4,898,510,
4,602,619
4.372,639
37,172,57-
37.488,818
37.786,100
38.0S8.su
2,206,646
1,672,404'
1,423.446'
t.l71,87»
«ame, however, as in the year preceding, the surplus
As regards the land sales, 573,214 acres were sold
above charges of every nature and description would be during
the year for $1,827, 995, and the total sales, in-
—
1
THE CHRONICLE
160
«.317,645
timber, &c., reacnea
in stock
and
$1,209,361,
receipts ia cash were
of
*5,119,U7
There were on June 30, 1889,
duding town
The
lota,
So
ttie
which
of
of land
deferred payments on account
retirement of the
the
to
1^,008,880 was applicable
to the Missouri
12,203,780
genera fir«t mortgage bonds,
to the
division bonds, and *906,481
sales,
fnd
Altogether Chicago received 12,608,-
than a year ago.
973 bushels of wheat, corn, oats, rye and barley in July,
1889, against only 7,100,918 bushels in July, 1888. The
following will show the grain and provisions figures for
the last three years.
BBOEITTS AT CBICAQO DUBING JULY AND SINCE JANUARY 1
Jon. X
July.
I'end d'Oreille
^^____________.
HAILItOAD GROSS EARNIXGS IN JULY.
the character
Favorwl by some special circumstances,
that for the
than
better
even
of ilie July earnings is
$2,459,^0/
of
gain
a
is
There
months preceding.
last year on the
month
same
the
for
earnings
over the
and the ratio of
U\i roads included in our statement,
8-34 per cent. The increase in mileage is
improvement
is
gain in earnonly 4-36 per cent. In amount the present
in any
reached
figure
ings is close up to the largest
that
too
noted
be
should
It
year.
month of the current
which
out of 129 roads altogether, there are only 29
in small
them
of
most
the
earnings,
diminished
report
amounts.
The
workroads have had the advantage of an extra
contained
having
the present year, July 1889
ing day
five.
only four Sundays, whereas July 1888 contained
good
as
not
though
rates,
as
to
Then also the situation
might perhaps be wished, was yet on the whole very
much better than in the corresponding period last year.
as
a fact that quite a number of roads showed
year ago, some of them in considerable
It is also
a
losses
amounts, so that the gains now in those instances are
Still the
less significant than they otherwise would be.
exaggebe
can
easily
importance of that circumstance
compa_
the
few
of
not
a
true
that
rated, for while it is
nies suflfered a
reduction of their earnings then, never_
theless the statement as a
The
again.
whole recorded not a
3i per cent, on 102 roads, but was noteworthy
because it came after very heavy improvement in the
two years preceding. The following furnishes a record
of the July results back to 1880.
Earnings.
Increaae or
Julr, 1880147 roadai
Jul7, 1881 .1* rorndsV
Jul;. 1888 leinwds'
Ttar
Tear
Year
Year
etven.
Preceding.
Given.
Preceding.
MOu.
MOa.
13.054.577
13,052,727 Inc.
1,850
47.296
17,793,6181 17.859.M71 Uec.
65,753
4!),«51
48,128
22;82i,S5a
Julr.l8S7 107 ruMjs
81 .781
Jul;,188H(l02roadiil.
jQly.l8a8!18>t rnsrli,).
H1,B19
58.753
67.915
76.673
.11,940,212! i9,480,5l5
19.b78.034 Inc. 8,247,322
26,482,244' 24,240.706 Inc. 2,341,538
26,365,494
24.510, 476 Inc
.
819,008
Inc. 2.469.707
The roads running into Chicago from the south and
southwest must have had a heavily-increased business
in certain items of their traffic.
Take the live stock
movement
for instance.
A
lished showing receipts at
live stock in
July,
1888,
statement has been pub.
Chicago of 21,518 cars of
July, 1889, against
only 15,400 cars in
and
participated in
all
the
roads
movement
also
was
much
&
St.
Paul.
heavier.
The
4,218,835
60,702,019
1,876,773
3.677,831
Pork... bbls.
1,060
Lard.... lbs.
Live hoB? Vf
1
11,253,153
4!4,69«
353,358
63.271,389
S.467,390
24,711
50,785
83,090.343 136,696,051
41.S7i,602 57,798,126
8,078,200
2.882,297
1,018
20,918
19,009,575 153,653,208
7,744,460 60,724,190
351,580
12,956,571
3,257.517
be noted from the above that the increase in
wheat was nearly half a million bushels, but a sharp distinction must be made between the arrivals of spring
It will
wheat coming from the northwest, and the arrivals of
winter wheat coming from the south and southwest.
The increase has been wholly in winter wheat, and thus
the roads in the spring wheat districts have derived no
In fact the movement of spring wheat
benefit from it.
than
a year ago, the inspection having
actually
less
was
embraced 127 cars of that variety in July, 1889, against
893 cars in 1888, whereas of winter wheat the inspection
When we
covered 3,129 cars, against but 922 in 1888.
come to examine the movement at the other spring
wheat markets, the result is much the same
We have not the figures
all show reduced totals.
for the even month, as in the case of Chicago,
but taking the four weeks ending July 27 we find that
the receipts at Minneapolis were only 2,130,045 bushels,
against 2,895,590 bushels in 1888, while at Duluth the
receipts were but 94,097 bushels in the four weeks of
against 391,382 bushels
period last year.
At the
latter
in
the
corresponding
point there has like-
wise been a heavy loss in flour, but in that particular
even Chicago was not exempt. Below we give our
usual statement showing the grain movement at West-
ern ports.
RECEIPTS OF PI.OUB AND GRAIN FOR FOUR WEEKS ENDED JULY 27
AND SINCE JANU.VRY 1.
Wheat,
and of lard 11,252,153 lbs,, against
4,076,990 lbs.
But most important of all, the volume
of the grain receipts was on a'greatly enlarged
scale at
Chicago. The augmentation in cofn was
particularly
heavy, amounting to over 4^ million bushels,
but the
wheat receipts and the oats receipts also were
largier
Oats,
BarUu,
Bvt,
(.bush.)
(.bush.)
(bush.)
3,862,69(1
844,868
6,807,524 3,145.726
2,977.930 2,662,335
653,201
3,810.910 -39,.528.845i23.457,313
4,561,256 31,502,874l25,591,3U6
105,139
183,279
1,164,205
1,38 11,1:84
408,225
2.843,H70
4,107,450
64.331
58.097
528.«24
4a3,8jl
l,973,n66
1.733.773
3.518.625
3,323,555
877,345
18,701,829
9,802,234
6.6.33,200
4,718,810
3,358
581.085
768,474
10,981
9,772
75.207
91,909
283.351
333.748
860,006
1,031,;03
70,861
43,868
2,127.142
1,260,507
7.963
11.217
114,939
117,391
68,632
19,381
12.071
13.891
77.645
11(4603
180,224
148,514
],0b5,988
1,138,238
33,188
89,231
1,509.663
119,210
87,461
845,716
842,844
28.981
20.791
189,836
73,943
142.3 lO
1,042,105
144,V23.
1,506,631
17,442
34,755
387,381
470,190
1,089,198
15.245
4.200
241.982
168,821
l.iWl
S,6»2
5s,04
83,800
451,750
277,100
6,554.400
6,042,550
646.600
584,000
5,890.600
7,487,230
410,4001
488,965
1889.
Ih88.
276.574
Since Jan. 1,1889
Since Jan. 1,1888
1.933,451
341.4--7
83,438
38, Ut
4,747,146
3,818,794
96,872
44,054
681,539
546,807
MV/waukee—
4wk8.July.
4 wks. July,
1889.
18^*8.
Since Jan. 1. 1^89
Since Jan. 1,1888
St. Louis—
4wk8.July. 1889.
4wk8.July. IM88.
since Jan.
Since Jan.
Toledo—
1889
1888
1.
1,
4wk8.July,
1889.
4 wks. July. 1888.
since Jan. 1.1889,
Since Jan. 1,1880
Detroit—
4 wks. July. 1889.]
4wks.July.
1SS-,
Since Jan. 1,1889
Since Jan. l.lSSSi
Otew'and—
Since Jan. 1,1889
Since J..n. 1,188s
receipts of pork
(bui/i.)
—
& Alton and
The provisions
wore only 1,000 bbls., against 2,407 bbls., but the
of cutmeats reached 30,640,768 lbs., against
lbs.,
4,698,987
73,180,253
4 wks. July. 1889.
receipts
11,239,322
87,203
540,677
3,821,251
491,224
this
increase with the exception of the Chicago
the Chioego Milwaukee
682.992
(bush.)
49.803
80.014
22,.592,871
84,8311
7,007.943
Flowr.
29,108
16M(K8roii<lsi.
25,765,143
386,022
2,407
11,239,822
4,076,990
331.379
t
81.613
Ti,nat\
23,726,254
7,100.918
Chicago
17,«54.311
42,584
23.322,753
8,450,256
324.778
Ont m'ts.lbs. 30,640,768
1887.
2.579.810| 39,865 513
12,608,973
4wks.Jul».
Iwks, July.
31,421
48,042
1
Total grain
15.3o»,850|/n<;. 2,5«9,461
ss.ui
3.523.882
112.576
1888.
4,«9«.788
31,880,157
4,20B,.'5O7
8Si5,tM4
Flour... bbls.
12.401,254 Inc. 4.268.283
M.041
iW
31.893
»
16,749,536
4T.li»7
Jnlr. 188S
7.669.048
to Jul!/ 31.
Decrease.
23,649.112; 21.667.927 Inc. 1,991.185
24,3»7.368' 23.254,881 Inc. 1, 142.487
Jnlr. l88S(8erawl><
Jul;. I884(40rowl>'
Corn., bush.
Oats... bush.
a;e....bush.
Barley.bueh.
786,326
3.355,689
2,861,882
58,753
38,868
1889,
or
MOtatt.
1,S68,5T»
loss,bvit
gain was not large, amounting to 1846,008.
'
Wheat, biub
1889.
1887.
188S.
1889.
preferred stock.
Juljr,
[Vol. XLIX,
4wk8.
399,79'
55,620
38,630
632,065
668,8a0
166,001)
201,000
1.370,00i
1,500,000
626,795
896.530
879,30;-
445,243
101.150
12.2
2,198.110
1,474,078
600
870
22,040
11,013
177,609
237,166
8,318
6,607
69,405
60,413
3,050
1,536
28,623
24,787
1,888
29>),498
324,027
i
.luly. 18r>S.i
180.251
179,51 i3
899.025
36
- 938
13,315
16,288
Peoria—
4 wks. July. 1889.
4 wks. July. 1888.
Since Jan. 1. 18891
Since Jan. 1. 16881
Duluth—
7S,l)00
1
\
69,429
533,038
4al,'90
14.4i0!
14.400:
23,825
9,300
238,875
193,320
I
'
wks. July. 1889.;
4 wks. Jnlv. 18)n8.I
Since Jan. I, 1889;
Since Jan. 1,18S8
I
2511,176'
328,1)49
842,168
783,076
94,09'
891,382
2,030,974
4,439,128
118,726
16,312
«02,06S
"75,7«5
Minneapolis—
wks. July,
4 wks. July.
4
Sino9 Jan.
Since Jan.
18t^9.
If^SS.
1, lS8t)
1. 188*
Totai of all—
4 wks. .1uly, 1889
4 wks. July. 1881Since Jan. 1.18M
SI'-cp.mn.l.lK'.t
15,793j
756,604;
967,068!
4,881,5(15
I. o.'l^llMi
2,130,045
2,895.590
13,951,65?
20,320,341
6,044,483
6,774,752
29,677,275
8.429,11(1 4,938.862
170.2S9
4,088,^47 1,622,006
72,270
68,042.88t 18,315,6081 8,533,862
40.Mfi3.003
4w.092.27f-
'
11.136.71 i)i
149,241
73,44e
1,207,165
7.0545201 1,050.739
,
1
August
10, 1889.
THE CHRONICLE
|
doing one step further we find that apart from
Chicago there has been very little gain in the West
on the grain movement anywhere. This of course is an
important circumstance to bear in mind, for it shows
that outside of the favored district there has been little
advantage to the roads in that way. St. Louis has
gained about 240,000 bushels in wheat, and about
200,000 bushels in corn, but lost 270,000 bushToledo has lost in wheat and oats,
els in oats.
Cleveland has lost
increase in com.
small
with only a
Detroit has done somewhat better,
in wheat and corn
;
Peoria
but still the changes are not very important.
has fared perhaps best of all, having gained in every
item but flour, vet the aggregate increase is less than
It is somewhat of a surprise, too, to
260,000 bushels.
find that taking all the Western ports together, the
receipts of wheat for these four weeks were nearly three
quarters of a million bushels less than in the same
period in 1888, and this after very heavy losses in the
Another month, with a more
two years preceding.
liberal movement of new wheat, the result will doubtless be different, wet weather having interfered witli
the marketing of the crop in July.
As regards the movement
of cotton in the South, the
and the present
receipts at this tin^e are never large
year they have been very small indeed, the total at
all
the
Turning now
may
larger
number
chiefly
owing
cotton at gOtTTHEBN POETS IN J0I,T, AND FROM
JANUARY 1 TO JCI.V 31. 1889, 1888 AND 1887.
Since
Juli,.
January
1.
Portt.
1889.
aalTeaton
Indianola,
18S8.
!7e
bales..
&c
8.019
114
Savannah
1 886
Brunswick, *c.
Charleston
PortRora). Ac
S.OM
7,394
8;4,537
f63
28
3 745
354
Bl
SO
193
119,744
3,180
80
490
40
34
373
221
1
Point.
4c
ToUl
Besides this
land
will
172
807
S,15S
8.478
21,774
the
1,?93
i3.142
gi-oss
show
a
10.669
179.813
289
noteworthy
examples
consolidated
Wabash
a better exhibit
which also embraces the Cairo Vincennes
Among
&
and
St. Louis,
Chicago, an
the smaller systems, the
Lake P>ie & Western, the Toledo St. Louis & Kansas
Toledo & Ohio Central, and the Toledo Ann
Arbor & North Michigan, all deserve mention for their
specially good returns.
The Grand Trunk of Canada
for the four weeks ending July 27 reports an increase of
City, the
iJ150,383, but this is
*114,G47
after
a
loss
the previous year of
& Grand Trunk, which
the Chicago
;
is
the
Chicago line of the Grand Trunk, also has an exceptionally heavy gain, amounting to $58,977, or. 26 per
The New York Central has an increase of $101,cent.
728. which follows an increase of about $71,000 in 1888.
1869.
Jul\i.
»
4 East
1888.
1887.
1888.
$
t
»
I
206,797
115.303
182,708
248.159
78..S42
203.065
118.564
172,112
194.6B«
89.312
76.1S8
79,21)2,
207.023
111.504
102.314
211.108
91,962
74.6(0
181.003
270.358
303,925
2-3.591
Total
1,632.697
1,618.131
* All lines.
+
Chleaffo
111.
Chic* West. Mich.
Cln. Wash. A Bait.
Col. H. v. 4Tol...
Dei. LansInK & No.
4
4
II.
P. Marq..
Mississippi
195.659
22,3.163
279.103
2.59,38 <
»
1884.
»
I
tll4.055
159.443
113,853'
tl88.39S
124,534
150.820'
180,104'
148,0M
198. U6'
187,518'
107.899'
3.35.431
93,502
66,848
151,702
207,239
381,799
89,654
97.603
73.422
172,853
243,446
282,202
1.578.103
1,336.505
l.S60.4.'<2
122.784'
85.104'
179.730
238.790
I
S23.'192l
1885.
1
608.161
65.34-i
7.6 IS
13S.920
30,080
9.050
86.0S4
6fi7t>
44,014
5,739
19.9H6
19,209
857
127.703
132,(110
5»6
96.51S
1,244.383
of cotton over-
Nevertheless, ae
as
Thus the
improvement.
of
reports an increase of $1,34,584
increase of 190,140.
Orand Rap.4Ind.*
a
class
earnings than any others.
of
larger.
new Cleveland Cincinnati Chicago &
the
1887.
130,733
movement
is
& Toledo has been perhaps the most unfortunate,
but in that case the condition of the coal trade is held
responsible for the contraction.
On the other hand,
we have from these Middle Western States some very
131.710
10,008 1,532.389 1,299.577
reduction.
number of roads
The decreases as a
The Columbus Hocking Val-
rule are not important.
Ohio
670.515
46.982
8,977
152 10.'j
months preceding. Southern roads
in the
make
loss,
also
104.611
69.686
91,802
6.461
23,680
1.536
123,382
225.819
1
S83
WashlDBton, 4c
Jforfollt
of losses
ley
RTan8v.4 Terre
19,241
111
WllmlDRton
188S.
174,4-6
lines and their Western
Middle Western States a
than anywhere else, but that ia
the
in
reporting in that section
Flint
417
73
Nflw Orleans
Mobile
Florida
West
1889.
1887.
984
find
to the fact that the total
be seen from the following.
"eCBIITS op
to the trunk
connections, we
Southern ports footing up only 6,478 bales, against 21,774
bales in July, 1888, as
161
ChicaKO
A
1 .681.911
Indiana Coal not Included here.
In the Northwest, the St. Paul & Duluth and the
Manitoba report heavily diminished earnings.
Both
roads had considerable gains in 1888, and both
are suffering from the shortage of last season's yield of
.spring wheat in that section.
On the Northern Pacific,
which at its eastern end runs through the same district,
the loss in that
earnings by reason of
way
is
not reflected in the returns of
wonderful growth of business in
Washington Territory and Oregon, and hence the road is
tlie
$289,220 in 1889, after
than $401,000 in July, 1888. The
Canadian Pacific also is able to show further improvement, having added $119,645 to its receipts this year,
after an increase of $130,000 in 1888.
The St. Paul has
crease in 1889 of $143,980.
On the Eichmond & Dan- relatively a moderate gain. The Milwaukee & Northern,
ville system, embracing the Georgia Pacific and all the the Milwaukee Lake Shore & Western, the Wisconsin
various lines operated, the gain is also of very large Central, the Duluth South Shore & Atlantic, and the
proportions, reaching $152,354.
The same remark ap- " Soo " road all show very heavy gains.
plies to the Louisville & Nashville, the Norfolk & West1886.
July.
1889.
1887.
1885.
188a
1884.
ern, the Mobile & Ohio, and other roads.
In fact, with
t
»
«
t
t
i
only two minor exceptions, all the roads in the South Chic. Mil. 4 St. P. 1.977.0OO 1.924,565 1.846.4.i6 2.036.728 1.893.976 1,949.846
Iowa Central
los.iei
104.429
99.974
l'9.93«
85.079
97,21*
have done well. As showing the extent of the improve- Mllw. L. Sh.4
297.792
326.214
21.1.444
352.870
116,272
96,eS8
W.
90.632
80.821
53.822
46.8J»
43,050
ment during the last few years, the following table will Milwaukee A No... 101.045
Minneap. A St. I...
10(1.683
169,240
119.70(1
100.634
118.394
131,331
prove useful.
St. P. A Duluth..,
110.499
120.357
181.595
161,272
139.127
148.231
Chesapeake & Ohio now reports on the entire
system to Cincinnati, and as compared with the
combined earnings of the C. & 0. and the Richmond & Allegheny for July last year, there is an in-
able to report a further gain of
a gain of no
St.
1889.
t
Ctaesapealie 4 Ohio
1888.
*
t603.378
580.4021
49«.001|
441.222
331.016
a280.211
3J1.333
298.834
I.3ill.661
1,237,207
l,057.aS2
1,060,104
127.897
83.818
105.471
+130.228
210.476
5«4.«80
+ 129,323
4&6..^94
Memphis A
1120.107
115.13flj
4 Danv. sya,
424.215|
204.933
179.282,
175,(<e8
421.2.33|
372.568
95,J63
174,305
258,280
604,830
3 5V>.R«>
896.094
743,741'
334.751
099.562
4.73! 470
4.-'2!.4S0
4.099.4X0
Entire syst-m.
+JJot includlne St. L. 4Cairo.
"•^^k taken same as last year.
ai^S.
a Kictamond
A
1884.
%
a403.5T9
1.333.432!
ToUl
1885.
t
444.709
t4«a,136
Mobile 4 Ohio
Norfolk 4 West....
1886.
442.336'
1,436.950
Char.,
1887.
58G..30e
Cln.N.0.4Tex.P.'
K. Tenn.Va.4 Ga.
LonlsTllle 4 Nash
•
M.AMan.
638,789
825,268
621.34.')
571.526
550.3S-
3.421.522
3.533.915
3.242.768
3.266.U85
2.970.0S8
806,156
I
July.
Rich.
Paul
less
AllMihany not Included
in
these yaars.
*
soon
9119
I
a320.938
372.646
Total.
In the Southwest some of the Atchison lines and the
Texas & Pacific, the Little Rock & Fort Smith, and
278.0.37
186.824
6.30,356
2.0''9.«no
the Kansas City Clinton
&
Springfield, report a falling
In the case of the St.
Louis & San Francisco, the St. Louis Arkansas &
Texas, the Missouri Kansas & Texas, the International
& Great Northern and the Kansas City Fort Scott &
Gulf, the gains are quite heavv
off,
but
all
the rest have gains.
.
»
... .
.
—
—
1
..
*»0 lHLg\OB tH JULT.
Orou gariting*.
1889.
188S.
•
•
7.011
00
i.:<OI
.>!.
5,'U>(!
lott.oin
.^
).8»J
34,1111
Atloauc Jt Viicllio .
&ff. 8oeb.*nU(l>
" Mllaa PMlOo
tfterAYad. V«L
.
Mke * Obio.
>*AIUtitlo
M EMI
ft
I'lUtl.
& Kaiu.C
lll,f>Oi
142,326
175,00N
206,707
1,021.565
3,353
186,270
119,303
6.35'
5,!I3;
4
i;.>"
45.102
A
'ill
35.S-I0
41).-.!0
a.l.Tl.")
.
83a.Ui§:
•21.110
-I.L
1
A
'.".
140.27
23,»2H
214,10>
'.
I'd!
3S.l>4
iliio..
,v
lUr.iiKle
W...
Ft.
.V
21'i.0t>
2'j,t2li
|)en:i
\
.
71,812
36,60
1 0,570
t.;>i^
182,311
B:ilt....
I
2i)6.4 10
23.0
20.02^
VIoksb.
•V1oluti.8b.APiio
Olm.Bleh. * Ft W...
Cln. Wab. A MIcU...
Wa^ti.
I
200, 01
'AlabaouA
No
+2-;
491.
01,0b-.
+52.435 5.67S 5,670
336
86
631
414
42
346
336
29..
10(1
2115
lO'i
+5,172
143
170
80
16
281
101
143
170
86
16
281
104
+00.14.
—4.311
1,491.
101.
1.490
+ 10.087
267
+ 1,5.57
+S1,76T
—3,799
-120
+4,19?
—5,0 15
+ 10,OU
+ 6,924
+4,411
+ 1.576
19.35.
20,14:
+ 6.73
40,><17
+8,383
16i.70
31.543
81^.04
2.5,721
121,18;
27,85
-394
86
790
4042
346
-1.0)2
—34.047
32:.
+ 6.26.-
261
+ 16.483
+62,50(
—1.3 U
1,481
85(
22(
78,31
159.081
+ 13,6i0
323
+25,471
24-<,l5.'5
3i,37<
671.^7
183,105
33,16(1
V.i.MGa
21H.16320,357
29 1, -.8:-
IiiiliJiuip.
24,1)3^
20.5U(
\II...
+510
234
734
269
463
+3,443
40.30
W. a A North
+ 143.98
245
915
V60
24.8 <7
20^.03
Olik JaekiHxi
•Ob. N.O..V
4,660
+ 11,341
+ 111).64-
207, 23
1,077,000
204
294
4,937
1.-.7.134
«^.»3
61
61
—7.2 J7 1,05- 1.022
200
263
+7.470
210
210
—4.5,313
81815
—28,308
221.12-)
4.'ilO
<Me.*WMtMlol>....
6tn.OtOTit. 4 l'.>rf<ni.
4,3,12
+ 1,81
+5,1,18
+ 4,43.
•>
106
267
70
323
26 L
7(
1.462
3H
856
226
263
3)6
l,l4i
1,140
Haute..
74..'>IM
76,lHfc
15t
Fllut i l^Tc Miirj.
Fla. fciil. & IVhlii-.
Ur. Ra|>l<U tL luiliana
.
Other lines
tOnuid Trunk o{ <Jun
ICUlc. AiGr. Trunk.
tUet. Cir. ir. & Mil
lOl.'iO;
105.0.>1-
— l,68g
— 1.656
133
136
3
3,11
7^,043
75,51S
+3.125
574
223.7!>t
213,041)
+ 10.734
10,(iOr
17.10..
I,471..i0.
—407
63
+ 150,383
3,47!)
+ 5'*,977
33o
.
I
.
,11-
v
.
r.
.
Hume«t<>ll /C SlK'DUD
llllu«>i(^ tViitml e
CoilBr FallK A .Minn
Int. ^ Oieat NdrtU'a
8.'.4^ 5
9.W1!-
+2.081
1,031,363
+150.U72
H.'JOIt
8,48.
210,141'
253,74(1
'
'
104,42
20.73
23.ti!IO
Mem
—5.0811
l,l8l,4;).i
10^,101
-
,
221,793
B7.581
280,770
I2,00<
lowaventral
t.
i,62i.aH3
— 1,58(
+43.50
1,34
40
18'j
9
2,791
75
+3.73-.;
500
+2.937
12
671
+32,53t::
11,7'J.'
-131
163
•K.Ki ! M.ln.V Bir...
41,0J3
30.53:
+11..38()
Xorihw
S.^.OIK
28,24t.
+ 7,714
27.
16)
14*.
-71c
torn
208.304
21.68
17.051
179.2 ^S.
+3,083
cilice
24.77.
17.232
113
580
.-^p.
,
Kan.C Wy.
KcoKr.l;
.fc
W.'<ti'ru..
.V
KinhnV'
Lak.l^ehiKU
232,02:)
.^
-
3
>.
^
IlihUon...
Little Koclj .t Mem
Lonif liiland
Louis. BvaiM. & .St. L
•
& N»nbv.
Louuvllle
Char'tbii
.V-
,1
ll.
;
-
Mu«-
-h.
1,
Milwuukee
Mineral
.
IH.
.
-„-.M
ii-.\a«
Mill.,
New OrliMns A Gnlf
riiiil. Ri^
K. Y.Ci'n.
,<:
Nev^
N. V
'Tth'ii.
Ifoii
Nortlw
'Ohio
Oalo
-t«ru
lU. ..
•
I'.i.iilc
rii
I
nil. .V
&
Wtiat
...
OliloA- Norlhweal...
OhloKlvi'r
Ohlos
.iithfrii
Obi"
ky...
.ans
Pr..
Pill
R. A
•Ki
Bt
St.
r,l».„
-fu
lU(t
irtiha.
I
StI
Btl.
fex
n»n
;
Bt 1-anl
BLPaul
"Sun A.
Kalutll
.Miiiii..kM
Ann.
88.8 lt>
81,14
482,618
171.753
+3.271
+121,531
1.527
1,211
8b,
8ta'
Tr..
;
Tc\
Iich"
ri
Tol
...
•ral-..
T,.|
I0.j7(i
56,86
lSH,37o
421.263
1,892,810
73,«5.S
lO.lSO
4«,1S0
32,717
17.60
52,873
170,758
836,004
81,40U
70, 02
1
77,1568
2B4.5',U
11,21) \
2 , KJ3
>.>,OJOl
310.1.>i
297.792
80,632
0.433
100,634
84,333
500,0.h6
170,2i2
0,267
2,350,101
68,050
1U6.263
372,561,603,5 -14
73,216
275, SO
+487
+10,060
+32,37i
+ 116,13+25,63!
+ l,3(;0
+101.723
—2.004
+ 22,112
+48,60.'.
+ 1,19
+28,334
16,6'10
+ 2,530
4 1, .{54
+5,126
—2,8)2
+6,183
+4.391
+633
+152,334
33,551'
11.420
4«,482
179.103
713,7'40
67.025
72,6*7
85.104
210.131)
45 4,88 J
181,50.>
825.268
53.373
4S,0S1
7.ii01>
29
660
303
865
293
5j2
303
17
17
331
800
1,612
331
1
§'/'' [
V.ki
637
6S
63
68
1,420
1,447
33
58
327
591
320
55 i
342
623
111
211
12s
9:
25i
367
2.633
312
623
lOli
211
121
98
231
367
2,6
«
242
+ 45,436
+ 62.076
24
1,262
1,321)
1.203
1,310
237
•230
3,(124
2.631
413
160
110
35a
131
110
41
— 81,23-i
— 18';,47i)
+21,401
+7.610
+ 6.5061
I,;,"i.'.i>i2i
-23.313]
-8,261
+23.488
+3,811
53..',l>il
330
1,397
44.
172.1i.'7
;«
83
360
121.010;
2
514
+6,345
+12,104
46I,*UI„;
•"•,
2,149
533
+ 14,17
+0.000;
76,1'
61
63
135
337
200
+280,220 3,450 3,230
+ 13,4881
7)
235
21
369
447
23.-.
21
1,407
+ 18,721.
215
45
237
245
43
220
43
;-6.oo.
51
'247
30.160
56.613
\>-5l,91-.
,••(1,758
+ :S<.58J
,
8,870
lO.b'lil
1,1;.n302
03'l.718
an..
3;»>.'.'Hii
Krie
CeiitraL.\
7-',<si|
289,7&7
6S.070
327.606
309,0.7
+ 1,010
+ vt
+•.'8,24:
+3.00,-
+41,481
31
01
1,930
673
187
818
.Vtlantio. ..
(3road3)..
F.',
1883.
Increase.
217
2(7
91
1,930
653
187
818
31.9l0,2iaii.x»,480.503 +2,4,58.707 80,014
76,673
55.G3S
.31,910
13.750.2211
12.7.14.910
1.36 1,331
1.571,1)37
PiiciHo
BiitTalo Rooh, & Pitts.
Cauioliau PiiclHc
Deereaie.
1,180.910
1,4'J0,235
ic Eastern Illinois.
OhicascoMilw. &St. Paul
Chioajto & Ohio River..
Chic. St. P.
Chicago
&
13.033.01&
40.100
&
780,606
33.816
320,717
Portaui.
Jackson &. Mack
Uln. N". O. &T. P
(Uu.
•Alabama
1,9)9.131
962.883
528.60>
200.233
278.33"
250.272
287.770
1.124.039
383,69
4.631,843
139,236
930.473
180.578
1,376,603
205.0)3
4,262.781
1,170,601
293.670
607.740
956.401
3 104.513
131.435
431,888
1,377.830
647,100
1,204.433
117,674
10,676,714
Sonth'n
•Xfvr Orleans & N. E.
(it.
•Alabama &
*\'i -kifburst
/loksbiirg
8h. .t Pad,.
Cln. Rich. & Ft. Wayne.
Ciu. Wab.i8h A- Mi(;h ..,
Cln. Wa-sh. & Baltimore
*Clev. Akron & Col
Clev. Cin. Cliic. &St. Lri
Ch'voland
&
Ma)lett*..
Coloriulo Midland
Col. & Cin. Midland
Col. Hock. Val. & Tol....
Dayt. Ft. W. & Chio ...
Denyer & Rio Gr.ande..
Denver Te-K & Ft. W.a
.
*Det. Bay City A Alnena
Detroit Lansinj? it No
Dul. B. 8h. &.4.tl
•East Tenn. Va. & Ga...
.
Eyansville
it
Indianap.
Evansv. &T. Haute.
...
Flint & Pere Mariiuetto
Fla. Cent. \- Pennsula.
Grand Rapids & lud
Other lines
tGrand Tr. of Canada
tCblc. 6c Grand Trunk
tDet. Gr. Hay. & Mil
Hmucaton & Sheuand'h
Central
Illinois
Kan. C,\V'yau.& Northw
—
.
—
—
...
St. Jos. it Gr. Island
T. 11. Br'ehs.
St. L. Alt.
Texas. ..
St. L. Arkan.
Francisco.
S.
St. Louis
&
Paul it Duluth
St. Paul Minn. <t .Man...
>Sau Aut.it .4rans. Pass
8t.
Mont
Sieuau'loah Valley
Staten Island Rap.Tran.
i
Paeilic
it Nor. Mich..
Cin
Toledo & Ohio Central .,
Tol. Peoria it Western .
I'ol.
A. A.
rt.lolo Col. it
Tol. St. L. it
Kan.C
Valley of Ohio
Wabash
(consol. system)
Western N. Y. it Peuu
Wheeling & Lake Erie..
.
Wisconsin Central
Total (121 roads)..
Set increase
211,910
32,363
2,23iJ,901
233,61*
139.394
226.670
177.811
110,667
34,250
141,01-
2,901
85,651
4,073
3,682
2,783
234,891
13,445
173,73c
106.08
31,467
1,102,373
138,116
3(31,913
1,848,292
526,05
9,069,373
1.201.897
1.269,166
857.668
3.396,7301
1,321,8^8!
2,28-, 413
1,478.728:
586,240
5i,52:
743.044
485,265
3.417,13.
28,982
13.171
659,546
86,653
142,709
35,693
211.469
806,421
178.835
301.052
59,736
8,922
263',985
.
Dauv.iS roadslc.
'Rio Grande Western
Texas
1,103 371
142.'205
749,'2.30
Northern Pacitlc
'Ohio Inl. & Western
Ohio & Mississippi
Ohio & Northwestern...
Ohio River
Oliio Southera
Ohio Valley of Keufy.--
Sav. Auier. and
3 2.176
2 1.736
2.326
772.053
112,235
3.767,435
350,003
301,811
1,681,931
1,380, 14'J
92,662
4,502
88.160
259,24fi
19,732.064 19,472,824
319.05i'
341,123
22,075
65,599
997,123
931.526
2.041.957
252,414
2,0;»6,54
10.079.3 i7
9,042,746 1,936,591
743,444
771,639
lii'sTs
2,'ll6,lo9
2,130,627
13.820
116.425
102,603
231,770
52,368
236,402
277.710
302,324
"'9,994
68,637S,682
30,469
39., ('4 II
363,572
161,182
1,244,318
1.033,636
6,lii9,:'46
704,330
5,42 1,637
655.27.'.
73 2.31 1
77.066
029.348!
58.085
571,763
537.8031
60.603
4'J7,193
1.718,417'
237,373
1,161,044
105,138
3,080,836
2,973,713
621.447
811,323
4,036.473
4,915,307
620.777
117.163
503.617
loo.iai
32,577
47,604
438.'i72
18.799
477.371
5 10.200
16,034
514,196
5,728
3.373,173
3,36<,ll7i
181,216
321,190
337.033
137.664;
90.3631
38,101
633,101,
643.973!
403.303
17,739
473.6391
240.934
496,601
233.617
33 4,6:57
326.743
27,894
6.844,2!).
366.139
6,173.093!
134,083
1,82 ',202,
1.633.119!
403.020
407.6Sli
2,142.00i'l
121,636
2,017,333!
N. Y. Ceu. it Hud. R ...
N. Y. & Northern
N.Y. Ontario & Wesfu.
Norfolk & Western .
&
2,46 1.605
643,083
6), 443
707,477
M
&
780,376
130,837
1,264.717
115,348
9,904,06
1,807,001
591,408
80,193
7,231,014
51,631,563,806
747,80135,346
9.72S.021
1.201.530
1.412.175
803.361
3.608.208
2,130,310
2.437.248
1,869.780
Milw. L. Shore & West'n.
Milwaukee & Northern.
Mineral Range
Minn. & S. Louis
.Minn. Ht. Paul & S S.
Mo. Kansas & Texas
Mobile it Ohio
New Orleans & Gulf ...
18,732
614,(<21
53i<,223
I [Mexican Railway
185,782
20,3.55
463,136
151,.360
208.317
tM,>xican National
ii'.'i'g"
305,188
1,419,050
1,877.274
iMoxican Central
it
700.711
2,941,701
127,130
1,35 7,267
-
& Memphis
Long Island
Louis. Evans. & St L.
Louisville it Nashyille
Louisv. N. Alb. & Chlo.
Louisv. N. O. & Texas..
'Memphis & Charleston
Rock
43,042
25.421
133,204
83.863
51,227
25.446
21,163
24,371
42,378
30,090
274,155
29,032
71,391
255.731
220,809
4,226.691
»05,53C
266.627
536,33-
w.oss
•Kan. City Ft. 9. & Mem
•Kan. City Clin. iSprinj;
Rich
1,534,2.35
223.2 77
1,777,7
Iowa Central
Kanawha it Ohio
ceoria Dec. & Evans
Pittsburg it Western
220.109
263. 103
1.134.010
338,800
4,346.6,7
153,806
744.691
161,637
548.833
Cedar Fa'l' & Minn..
& Great Northern ..
•Little
2.33.480
72.300
8,330,33
Int.
Ke'jkuK & We.-tern
Kingston <fe Pembroke.
Lalfc Krie AlU. & 80
Lake Erie & Western
Lehigh & Hudson ..
44 -'.740
230,026
1,920,2 76
c
607,263
14,354
423,337
23,755
1,136,760
791.027
31.181
277,705
1.923.707
807,391
1,56>.147
Kan. City.
W(.'.<it Mich. ..
it
Oiun. Georj;.
'i
3.172.i;21
Chic,
3,719
964,316
10.703
10.647
65 S740
41,232
301,127
1.001.031
7,021,715
176,26
2,871.497
1,238,184
1.431,350
12,478.635
1.100.373
7.677,404
217,407
..
Oape Fear & Yivlkln Val
Caesapeake ,& Ohlod...
Chloajf.»& AtUntio
.
1,407
00,8JSl
7,02 iL
62.240:
•.
loO,-^57
00.. 32
01,10.1
Toth (129tosda).
+14.01;
1(1.0116;
Ei.
W».)
+ 15
+55,0 7t
71..';li!
.«t ...
-.. C.
;.
•
204,03
2,951,'n!
77,f06
5^,601
I'ac
To;.
llO.T'Pi
ll(!.70^
82(J,134
Pia,".
.MK.
i
20,00(J
P3.-(.7i0
I'lnt.
w.
Wl
WUcODMin
31,000
538
514
83
33U
..
8nv
To)
Vnl
W.i
2.181
+ 13,163
+ 10,001
+ ll,UO0
120..t37
8.-..
Tol.
+103.51h
517,856
.
,V
l,333,43i
186,880
148,5J-
.
275
132
143
113
530
63
201i.0l(^
lW..')ui)
—5,60>
671
163
61
381
290
477,013
203.20
310,173L
823
500
120
13.'.
+7.64;'
3W,023
.Ml.ssi.ssi|>pi.
—6,09i
+10,390
101,845
0,H20
1
+29,105
-681
+4,432
433,72';
77,33fc
852,87(1
Itanc*'
,v
33.40
A- Wi'.«it...
Mm
M»l)i!.-
27,30?
441,117
8 (.08.'
& North..
MIUI:
Mo.
..
.ly .
I
5,\4.!)
24,01-
l,43K,9.5i
LouUv. N. Alb. & Chic
LouU. N. O.&Teiiia.
LouMr. Soullieru
•."ilompMs-
4,4')
2S.3.\
57.
400
63
3,410
335
180
93
2,477
73
,82
199,4'>i
11,93(
AS.
AtlantK^*
•At.T.
—93,080 4.931
1,188.35.\
S8(i.3oe
AnnUton &
.•i3
—200
7.27
1,030.477
4.186
ire,2l6
43.100
70.82
1889.
Ifame of Ro<kI.
1838.
53
l,30.S.O0O
AOblo River.
_kle. Bt. P.
XUX.
GROSS EARNINOa PROM JANUARY 1 TO JULY 31.
Dtcrtate.
l<l-'.477
1 7tf ,-12
.
III.
(Uw.AOI.
[Vol.
MUeavf
Inertan or 1889.
.
i
1
»AR!CI!CO«
OKOSa
On.
.
THE CHRONICLE.
162
,j
.
213,758,040 193,170,31-' 16.940.833
15.287,722
To
• Three weeks only of July In each year.
; Mexican currency.
July 27. a Includes for he llrst three months Xht results on the Ft.
Worth it Denver only, b Richmond & Alleghany included In both year.^.
c Mississippi &. Tennessee Division included for this year only, and
Dabu(£ue & Sioux City for both years. <f Includes for the Hrst (iix
months of tue year only the mileage inbraeed in the old Clev. CjI. Ciu.
& Ind. system, e We give here the earnings of the entire system the
separate roads will be found elsewhere.
'
1
,
;
—
AracsT
THE CHRONICLR
10, 1889.]
163
But apart altogether from any such encouragement, we
must take into consideration the sentiments of the
The island of Crete, which has been for some weeks Cretans themselves sentiments which find them brethWith or without encouragein a condition bordering upon revolt, has become a ren in all parts of Greece.
Insurrection ment or restraint, it may become a Greek question; and
centre of strife and a scarce of trouble.
has broken out; and while it is impossible to measure then it will be a contest between Greek and Turk, and
If the
the suffering and sorrow which this condition may these wars have always been singularly brutal.
bring upon the unfortunate islanders, it is equally difli- struggle should begin, it is of course possible that it
cult to foresee what may bo the end of the trouble.
may involve other powers.
As things now are Crete is entitled to sympathy.
Already there has been collision between the islanders
Seventy
and the Turkish authorities. Already the Turkish The Cretans have not been fairly treated.
Covernment has sent several battalions of soldiers to years ago they raised their voice and put forth their
uphold the officials. It was hoped that a good display best efforts in favor of liberty. In the war of Greek
of authority might have a wholesome effect and compel Independence, which began about 1821, they took a
outward respect for the law. The result has been con- leading part; and to them the Greeks of the kingdom
The arrival of the additional were largely indebted for their success. It was felt by
trary to expectation.
Turkish troops has merely aggravated the evil. In one the Cretans themselves that a gross injustice was done
of the latest cable dispatches it was stated that the them when they were left out of the kingdom on the
local authorities had lost all control; that the Christian occasion of its establishment in 1830; and there wore
THE CRETAN QUESTION AND SITUATION.
—
residents were
fleeing
for their lives
;
that the Greek
many
in all civilized lauds Avho shared their feelings.
Oovernment liad made an appropriation of what would In place of being united with their brethren, they were
amount to $200,000 for the unfortunate refugees who handed over by the allied Powers to Momammed AH,
had landed on the mainland and on the islands of the the then ruler of Egypt. Ton years later they fell again
Greek kingdom and that it had at the same time under the power of the Turk at Constantinople. The
issued a circular calling for the intervention of tlie years 1859 and 1866 witnessed them in fresh revolt;
Powers, and declared its determination to actively inter- and although in the last-named year they obtained many
fere for the purpose of affording protection to its own important concessions, they have been unhappy and
subjects, whoso occupation and interests connected discontented under Turkish masters.
There were many
them with the island.
who felt after the Crimea that the time had come to
Later still it is announced that several war shi]is do justice to Crete.
But it was not done. There was
;
representing different foreign Powers have anchored
oil
a similar feeling at the time of reconstruction after the
the Island of Crete, and that Lord Salisbury has, in
reply to the circular note, strongly advised Greece to
late
tunity against Turkey on the one hand and
follows that the supply of loanable capital in the outside mar-
Eusso-Turkish war. But Crete was still ignored.
There are only about
is about 200,000.
maintain a strict neutrality, and on no account to allow 40,000 Mussulmans; but these are not all Turks. All
themselves to enter upon a course of active intervention. the rest are Greeks and Christians.
Kews of the same late date suggests that very considerIt will be a misfortune if this fresh occasion is allowed
able difference of opinion exists among the great Powers to pass without justice being done these people.
The
as to what should be done in the premises, Enssia and right thing to do is to annex Crete to the kingdom of
France inclining to the encouragement of the insurg- Greece; and it will be to the honor of the Great Powers
ents and to the encouragement of the Greeks to go to if they take the matter in hand, and settle it in that
their aid.
On the other hand, a demonstration of the way.
British, Italian and Austrian squadrons in the Pirseus
is said to be probable, the objest being to compel Greece
to maintain neutrality.
It is not difficult to under[From our own correspsndent.l
stand why there
should be such
difference
of
London, Saturday, July 27, 1839.
opinion.
Whatever be the actual value of tlie
Unconverted Three Per Cents are coming in at a more rapid
trijile
alliance, and
whether it would or would rats thau liad been anticipated. Every day holdei-s wlio liad
not endure the strain of actual war, it helps us to hitherto refused either to convert or accept redemption are
now offering their stock. It 'appears from tlie revenue and
draw a line which cuts the strength of Europe in two
that up to Wednesday
putting France and Russia on the one side and Ger- the Bank of England weekly returns
night last the Chancellor of the Exchequer had paid out for
many, Austria and Italy on the other. On some quesredemption jjurposes about 4i| millions sterling more than he
tions Great Britain can be counted as neutral ; but had borrowed from the general publio. A part of the money
whenever the interests identified with the Mediterra- was obtained from Government departments such as the Nanean or any part of the Adriatic or the Dardanelles tional Debt Commissioners and the Paymaster of the Court of
are concerned, the British power is no longer to be Chancery, and the remainder was obtained from the Bank of
England. The result is, that on Wednesday night the deposits
regarded as an indifferent spectator. At the present
at the Bank of England other than those of the Government
moment Russia and France are supposed to have inter- amounted to very nearly 30;^^ millions sterling, a most unusual
ests which would be served by the disturbance of the amount of unemployed money. As by far the larger part of
peace, especially if the disturbance would give oppor- these deposits belongs to the joint-stock and private banks, it
on the other
Germany
and Italy and Austria and Great Britain
;
are supposed to have interests which it is believed will
be best seiTed by the preservation of the peace.
The situation is such a one as makes it somewhat
The population
And consequently, during
is exceptionally great just now.
the week, notwithstanding the Stock Exchange settlement,
loans from day to day have been made at about J^ per cent.
On Thursday, however, two millions of Exchequer bonds sold
ket
were paid
for,
and
as
it is
understood that the bonds were sub-
what will happen. Much deiJends scribed for chiefly by the joint-stock and private banks and
on the encouragement which is given the Cretans to the discount houses, the payment of course has lessened the
Next week half a million of
keep up the insurrection, and to resist all Mussulman amount of unemployed money.
treasury bills will have to be paid for, and then there will still
influence and authority; and much will depend also on
remain about two millions for the Chancellor of the Exchequer
the encouragement which may be given the Greeks. to raise in the outside market. It ia expected that this amount
difficult to predict
'
THE CHRONICLE
161
[Vol. XLix.
holiday making, the ever, is the large number of new issues of all kinds that are
wiU be borrowed very soon. Meantime,
being brought out. Usually towards the end of July new
for trade purposen
demand
movement of the crop., and the
issues cease.
The London s.ason is then drawing to an end,
the
tune
same
mm withdmwing coin from London, and at the
the baaks and everyone who can get away is leaving the city. But this
makes
This
continues.
4eLi>d for gold for France
and conse- year there is an exceptional number both of new companies
MMnOly unwilling to take bills at low flgures, been mam- and new loans coming out, and it is said that the issues will
open market haa
mmtXj
the discount rate in the
per c«»' »'»^* *''" ™'®
t«ioed at
X
''"'
"^^ ™<">''y
be large
•
.
.
silver this
for
has been a somewhat better demand
for India, and the Japanweek. Remittances were required
tliat at one
eM Oovenimenl was also a buyer. The result was however,
decUning,
ounce.
per
time the price roee to 43 5-16d.
reports from India are more
to 48 8-l«d. yesterday. The
to fall and the crops m the
continued
favorable. Bain has
drouglit liave improved. The
diatricts that have suffered from
realized
wont fears entertomed. it is now hoped, wiU not be
Thm
;
Even
all
through August.
American market there is a perceptible change
The public, it is true, are still standing aloof, but
the larger operators and the members of the Stock Exchange
are buying more freely than they have for a considerable time
past, and are quit* ready to assist in an upward movement if
they believe that they can depend upon the co-0;:>eration of
the New York Stock Exchauge. They will not take the lead,
but they are anxious to see a decided recovery, and they will
eagerly support any movement in that direction in America.
in the
of feeling.
damage, however, is irreparable.
this coun- Doubtless, also, the general public will assist in time, for it is
For sometime i>ast there has been an agitation in
felt here thst there is more room in the American than in any
Excliange
Stock
the
of
members
to- amongst shareholders and
British railway com- other department for a consideiable advance.
for the division of tlie ordinary stocks of
and
Since the 37th of July last year fourteen American brewery
panies into ordinary preferred with a fixed dividend
earned companies registered in this country have been brought out in
ordinary deferred entitled to receive all that may be
this market.
The total aggregate capital of the fourteen is 73^
above that fixe*! sum. It lias been opposed on the grouud
millions
The last of these, brought out this week, is
sterling.
advocates
the
charge
This
that is is a watering of the capital.
it is
to work two breweries, one in New York and the other in
of the change indignantly repudiate, pointing out that
not Newark, N. J. The latter brewery was bought for $790,000,
really only a proposal for a new distribution of the profits,
an mcreaae of the existing capital. Railway directors in gen- though the owners guaranteed the assets to be worth only
The New York brewery was bought for §1.153,000
eral have hitherto not yielded, but it is now said that the $534,000.
board of the Caledonian Railway Company, one of the two and the capital lias been fixed at £470,000.
The presence of the Shah in this country is being taken adprincipal Scotch companies, has decide! to propose to the
next meeting of shareholders to adopt the change, and it is vantage of to obtain concessions in Persia, and it is rumored
understood that the shareholders generally are in favor of the that one important one has actually been granted for an improjKHals, for it is hoped that the new preference stock wdl perial bank, which is, however, not to be a mere bank in the
attract investors who like to know the exact amount of income English sense of the word, but to carry on almost all kinds of
much
of the
that they will receive, while the deferred stock will be eagerly
bought by speculators. The calculation, therefore, is that the
two stocks together will sail for more tlian the existing undi-
vided stock.
With the exception of the cotton trade all industries in this
country continue to make gratifying progress. Nowhere perhaps is the prosperity more marked than in the districts of
which Glasgow is the centre. Upon the Clyde shipbuilding is
It is said that Continental capitalare to be interested in the undertaking along with English
capitalists.
Russia is very jealous of British industrial undertakings in Persia and probably will insist upon equivalent
industrial enterprise also.
ists
grants which in the long run may prevent the carrying into
efifect of the conces-ion, or at least the carrying it out in its
full conception.
It is b?lieved that the crisis in the Magdeburgh sugar trade
exceedingly active, and a new stimulus is being given just
now by numerous orders placed there for warships. Hence
has been postponed. Last week the difficulties were so great
that at the clearing-house the requirement of cash payments
Scotch railway stocks are rising steadily. The earnings are was suspended for two months.
syndicate working in conlarge, and as there are negotiations going on for the amalga- junction with a large French firm had been Ijuying on an enormation of the Highland Railway with the Caledonian and of mous scale. It had, however, acted far beyond its resources, and
the Glasgow & Southwestern with the Narth British, specula- was unable to take up all that it had purchased.
It is undertion is very strong in those stocks.
stood now it has been assisted with loans to tide over its emAt last a recovery in the stock markets seems to be setting brtiTassments for the present, but the syndicate is crippled, and
in.
The great abundance of money, remarked upon above, is it is feared that the crisis is only postponed. The failure of
encouraging spji-ul-ition, wiiile the relemption of coasols is our own Government to carry tlu-ough Parliament the bill
causing a considerable investment demand. It is believed giving effect to the International Convention was fatal to the
that the liquidation which has been going on on the operations of the syndicate, and the price of sugar which fell
Continental Bourses since Easter is coming to an end, heavily a fortnight ago is still declining.
and the fortnightly settlemant on the Stock Exchange, which
Farmers in this country and throughout Western Europe
ended last night shows that a large short interest has been are becoming apprehensive about the harvest. For about a
created here. Further, the reported pui chase of the Chesa- fortnight hardly a day has passed without rain. Wheat-cutpeake & Ohio RR. Co. by Messrs. 'Drexel, Morgan & Co. is ting is going on very generally in France, and it is reported
encouragmg the hoi)e that the great bankers are doing what that the condition has been a good deal injured. Here at
is necessary to enforce harmonious action amongst
all the
home harvest has not yet begun. Indeed, the ripening of the
American railroad companies. Lastly, the political intelli- crop has hardly advanced for a week or ten days, the tempergence is more reassuring. The German Emperor will visit ature being low for the time of
year. Unless, therefore, we
this country next week, and very soon afterwards
it is underhave an early change, the probability is that much of the
stood tliat the Czar will pay his return visit at Berlin.
It is
grain throughout Western Europe wiU not be fit for milling
reported, too, that Prince Bismarck is endeavoring
to arrange
purposes without admixture with foreign grain. In consethat Uie Aurtrian E np3ror shall arrive in Bsrlia
at the same quence tlie wheat market here is somewhat stronger, but
time. The return of King Milan to Servia ha^
given rise to there is very little activity.
rumors that he inten Is either to resuoia the crown
or to have
The following return shows the position of the Bank of
himjelf appointed as the guirdian of his son.
Apparently his England, the Bank rate of discount, the j)ric3 of coasols, &c.,
popularity reruains mucli stronger than had
compared with the last three vears
been supposed
anJ It H said th:it lie can count confidently
upon the support
IsfcO.
lbH8.
1886.
of the army. Therefore the fears lately
eutertaine J
£
£
£
mg away, and the hopa is increasing that the yearare passwiU be nro alstlon
25,093,935 24,733.040 25,069.040 25,394.165
free from disturbing pjliticil rum
5.433.412
4.181.8:i3
3,010.176
jrs.
3.602.992
In consequence of all Pabllc deposits
thLS th-.re hai bi-ea a deHdei
30.720.193 26.e83.H01 27.230,99
24.062,934
recovery in most markets here Other depuBitft
t^OTernment
secorlties
20.3U.92S
17,55><.679 17.190.0S1 14.810.355
during the week. Colonel North has
dome back from Chili lOthsr securities
20.:S13.914 19.0o3.50j Il).359,3i2 19.570.072
and alr>jady there U a decide! rise in
18.731.010 l2.SS0.3-3 12.418,671 11.937.889
aesarveof notes and coin
nitrate securities
Th-re Coin and balUon
20.lifl2.«.5
A
:
ll
22,026.945
forthe hut
booming,
single day.
wo or
three days British railway stocks
have been
one case the rise being as much
as £10 in a
Perhaps the .i.ost significant
circumstance, ho«^
m
Prop, assets to tiabilities
3aak rate
Consols
CleatlDg-Hoase retam
p. o.
21.737,711
S7M
auH
I
98-9 !6
2%
P. 0.
lOOX
114.099,000' 107,425.000
40
2 P.O.
101 11-16
84,546,001;
2l.E83.0J4
42
p.c
101 7-19
m
Sl.455,000
:
AUGDST
.
-
&
.
THE CHRONICLE.
10, 18t9.\
Messrs. Pixley
.
Abell write as follows on the state of the
bullion market
<ioli'.-TUi re have beeu liarJly any Kold luovciucntH, and the Dank
A Blight (Iciuaud htm ulMorlitMl sorne arriviil-i in thu
lia8 loBt i^ 197,000.
Wft have n'ceivol froux the W^»l- lodifH, X7/,<0D:
open market.
Natal, i;3 1,000: Cliluu, ill.OuO; Biieuos Ayiea, Ji7,500 or a U)tal of
-,
*121,r)00.
Silver— A gradual liuproviin^nt lias taken place in silver, cnu.'^nd by
Indian exciianKcs, and also t)y special orders. Tlie jirlcn tu-dav i«
flrin
42 5-lCd. The
inniorts have lieeu fnmi Wi-st Indies, ii7,000 tlilli,
£31.001
New York, ii51,UU0; or a total of X89.0oO.
Mexican DiiUar..! eoniinue llrni and buslni<s.s lias Ixen done at4i:<id.
The arrivai.s have boon from West Indies, iO.OOO; Now York, a 2,0Uo-,
iu all, iS 000.
;
;
The following shows the imports of cereal products into the
United Kingdom during the first forty-seven weeks of the
season compared with previous seasons:
166
ygOM NKW YORK FOB TUB WBEK.
EXl-OHTg
1886.
Par the week..
Prev. reported..
Total 81
weeta.
1887-8.
41.658.511
17.937,967
Wbeat
....owt. 5)."29,9:n
Barley
Oats
Faaa
17,723,502
15,I57,120
2.135.410
2.840.271
B«iuu
Indian com.
noiir
16,27.5,508
2,HI4.0(i8
2,526.560
21.948,708
16,830,536
28,.594,250
13.058,550
1880-7.
1885-6
47,665.887
15.202,088
45.014,.';(il
12,43(;,494
y.«:!'/,H2i
9.510.20!)
2,362,282
2,324,0)8
l,HMH.H(i|
2.825,.'.12
27.4^9,.-)01
28,047,844
12.990,000
15.460,190
Supplies of wheat available for consumption (exclusive of
stocks on September 1):
Imports of wheat.owt.
lH8'*-9.
5l,<'2i),931
1887-8.
44.{).")-t,IMl
Imitorts of tlonr
J 3.0.)8,5.'iO
Bales of home-grown. 33,485,445
Total
36,2il,222
15,160.190
30,187,724
97,740,209
93,313,801
16,830,53(>
101,573.926
1888-9.
Aver, price wheat
Aver, price wheat
week. 298.
1886-7.
47.<i65,887
178,92-,980
New
Exportt.
4d.
season. 308. lid.
1887-8.
Od.
7d.
32s.
30s.
38,8SH
Week.
Sreat Britain
Id.
The following shows the quantities of wheat,
maiiie afloat to the United Kingdom:
Thiaweek
Whcit
Flour, eaual to
Last week.
1,4<5,500
qrs. 1,519,000
199. SOO
Maize
512.500
(jis.
3U8.
9d.
flour
and
1887
1,780000
120 000
1888.
1,776,500
212,000
471,000
210.000
675.000
q>-a.
421,000
KnslUIi Financial Markets—Per Cable.
The
daily closing quotations for securities, &c., at Lon(U)n
are reported by cable as foUows for the week ending Aug. 9:
London.
aat.
Silver, per oz
Consols, new
do
for
_.d.
2%
&
Tue».
Wed.
Thun.
fH.
42^4
987,8
4214
42 '4
4214
98f,fi
gs-..
98
98>fl
|
(In Paris)
Ir.ss 02ia' 84-95
U.S. 4i38of 1891
VS. S. 48 of 1907
Canadian Pacitlc
Chio. Mil.
Hon.
425,1
percts.
account
fVeh rentes
-i'^^^
84-90
109 Id
'
i3mi
00
Paul....
Erie common stock
Illinois Central
St.
74>fl
2778
27%
227.^
5338
2234
tod's
108 '8
53%
22%
108%
9818
84-95
10911
13114
01 14
27 »8
120%
8338
23
109
H
(SfOmmzxcXKl awfl ifltsccUattcottS Mzvas
National Banks.— The following National Banks have
recently been organized:
4,083 - The
Fii-i^t
National
Bank
of Brunswick. Mo.
Week.
West Indlea
Mexico
$380,601
900
1,164
2,774
1,505
4.300
$163,58'i $46,135,051
$10,643
$4,483,023
18,01!>.'.i:lo|
41,',i33
4,531.«i09
6,093,7331
134.001
7,142,819
26,.500
Total 1889
Total 1888
Total 1887
1,442,504
1,849,352
130.075
38,249
108,009
1,733.142
76,200
"2,366
jouth America
VU other countries...
ailieeJan.l.
$
22,7n0
21,874
Exportt.
534,273
Imporlt.
BUter.
HtteeJTan.
Week.
1.
$522,851 «11. 226,601
3,000
153,300
Oreat Britain.
Glermauy..... ........
West Indies
.. ....
Bitiee
Jan,l.
$77,866
598
S9.733
1.075
137,201
2,288
98,188
America
iib'.n'io
HI other couulries. ..
1,000
180,751
330,
40.513
046,527
1
Mexico
ioiilh
4.5,752
Total 1889
Total 1888
Total 1887
$525,851 tll,838,97l
186.496
0,900.0 i8
88,l-.i7
&
—Messrs. Knauth, Nachotl
$13,911
9.612
7.263
B,'-'97,l'20
Kuhno, of
$909,443
1
I.l42,8;i6
1.331.198
New
York, are
offering in Euroi)e through their Leipzig house, at par
and ac-
crued interest, §2.50,000 5 per cent Omaha Loan & Trust Company gold debenture bonds. The bonds are a first mortgage
on farms located -in Nebraska, Iowa and lULuois, &c., the
mortgage being issued at not over 40 per cent of tlie appraised
value of the farms.
The capital of the O. L. & T. Co. is
§1,000,000, of which $300,000 are paid in.
The management
of the company Ls in the hands of well-known men, the Hon.
A. U. Wyma:i, Ex-Treasurer of the United States, being its
F*resident.
74
273s
l-10\
533s
Philadelphia & Reading.
New York Central
73 7e
73:!l
120 13
120
Pennsylvania
98 14
9S5,„
85-0.12 85-15
10918
10914
i3mi 131 14
6..«,
0058
Since Jan.l.
$12,317,044
27,718.805
4,473
4,228.890
H6\.2-6
S9',>
1
33s.
Imporlt.
Gold
Week.
90,929, tiu;)
1880-7.
1885-0.
348. 3d. 3Is. 3
1889.
$0,764,594
195,800,195
The following table shows the exports and imports of specie
York for the week ending August Sand
at the jx}rt of
since January 1, 1889, and for the correspoooiug periods in
1888 and 1387:
KXI-ORrS AN1> IMPORTS OP gPBCIB AT SBW YORK.
1885-6.
4.'>.014 3(i4
12 996 (;oo
188S.
<5.586,S88|
$5,217,082
175,755,9501 107,915,141
»11J3.441,131 $181.342,53Bi$173,132,223|»202,584.768
IMPORTS.
1888-9.
1887.
6,512,151
.
Caidtal, $.50,000
J. M. I'ecry, President; A. M. Duniav, Cashier.
4,084— The People's National Bank of Denver. Colo. Caiiital, $300,000.
M. J. liHwnnc e, Pr. sldent;
Cashier.
4,085—The Dorclu-ser National Bank of Caniliildge, Mrt. Ca"if>l
iS-.O.OOC.
Daniel M. Ucur.v Jr., President; T. H. Medi rd,
,
—
Messrs. La Montagne, Clarke & Co., 44 Broadway, announce
that Mr. Herman Clarke lias been atlmitted to membership in
the New York Stock Exchange, giving two members of the
firm upon the fioor. They also |execute ordei-s ujxm the NewYork Produce Exchange in grain and provisiims, either ca.sh or
options, as also in securities dealt in at the Philadelphia and
Pittsburg Stock Exchanges. Througli their connections with
Messi-s. Sparling
Eliu, of London, orders are executed upon
the London and Continental Exchanges.
&
—
The directoi-s of the Bank of British North America have appointed Ml'. HaiTy Stikeman first agent of the branch in this
city, in place of the late Mr. MacTavish.
Mr. S'ikeman has been
second agent for some years, and
business fronds to see
it is
gi'atifying to his many
to the chief position.
him now move up
Coinage by United States Mints.— The following statekindly furnished us by the Director of the Mint, shon s
tuent,
the coinage at the Mmts of the United States
of July, and the seven months of 18>^9
during the month
,
('ashler.
4,086— The
First, Na'liuial
Bank
of Cameron, Te.tas. Capital $50 000
"- 'Iclfy- President; B. .1. Arnold, ArtU g Cashier.
4,08i— .t."'"''"
The American National Bank of (Jmaha, Neb, Capital, $200
000.
John L. MuCague, Prestleut; Thomas H. McCukuu,
Cashier,
4,088— The Davis National Bank of Piedmont, W. Va. flapital, $50,000.
H. O. Davis, President; U. B. McCaudlisli, Ca-ihier.
July.
Imports and Exports for the Week.— The imports of
last week, compared with those of the preceding
week, show
a decrease m both dry goods and general merchandise.
The total imports were 89.779,379. against ai0,638,43.'5 the
preceding week and $10,144,294 two weeks previous.
The
exports for the week ended August 6 amounted to
|6,764,.594,
against .'S.5,893,7'20 last week and §6.400,223 two weeks previous
The followmg are the imports at New York for the week ending (for dry goods) August 1 and for the week ending (for
general merchandise) August 2 also, totals since the begmnmg of the first week in January.
;
FOREIGN IMI'OKTS AT
For Week.
Dry Goods
Qen'l mer'dlse..
Total
Btrtce
Jan.
1886.
$2.'!87,6i;9,
1888.
1889.
0,329,312
0,560,437j
$9.017,01lj
tO.lGl.WO
$8,1G1.068J
$9,779,379
«73,373.001
*78.0S9.1I9
*«1.723,U9
2i8,-..'9((,:il7|
20d,039,310: 219.4-, 8,090
1.
Dry Goods
$69
lbi),882.004
.'il
1887.
»2,59a,339
$2.S50,31C
5,313,752
Sen'l mer'dise..
Total
NEW YORK.
4.52,0771
*2.«8I,9 I
0,897,425
In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclasive of
specie) from the port of New York to foreign jwrts for the
week ending August and from January 1 to date:
fuxat.
Value.
Double eagles..
I
Value.
401,598! 8.031,960
2,470,350
24-,<>35,
Gafrles
Half eaKles
17,020!
130
165
44.065
825
825
20
55
Three dollars...
Quarter eagles
.
Dollars
Total gold
607,105 10,517,495
Standard dollars
Half dollars
Quarter dollars
19,516.460 19,516,460
1,300,000
1,300,000
400
400
,
Dimes
275,011
Total silver.
Five centa..
Three cents.
One cent
230
115
27,501
19,792,391 19,544,306
1,300,00,1
1.390,000
274,000
13,700
1.480,606
14,801)
27,078,5ao
349,928
83
2-6,786
28,500
34.079,38
626,796
6,998.' 00
2,70i)
I
Total minor
1,754,000
Ttoal coina ge. .
3,054,000
1,328,500, 55,139,439 30,718,5.7
—
Auct ion Sales. The following were recently sold at auction
by Messrs. Adrian H. Muller & Son :
«(
weekv. $259.335.58ll$281,G63,:il8'$284,078,459 $3uli7oJ,S43
Seven it>7iUn of 1889.
DenomitUttion,
'
Shares.
/wires
22 Nassau Gas L. Co B'klyo.llO
25 Nat. B 11 k of the State of
156 Pennsylv'la
Missouri, St. Louis
19Si
115'4
33 Ila'tford Caroei C.»
19 .T-:tii I L. Ins.C '.lliitforaiOS
$5,000 Sandus.
it
Bitlciv KK. Co
Co.3ai-301'4
Jc
New-
ark Kit, 78.Coii.M.19t!9 117
lias LiKht
Co. of N Y. Os. 1901. -.117"*
,'i!325 N.i.-*sau Gas-L'ghtCo.,58,
scrip, issued vov.l, 'HS. lOOHi
$10,000 C.» oliui Cumb. (lap
& rhleaK.) K'y Co. I»t6.«,
$500 Mctroiolltan
35 Bninkiyn Oas Liic it Co 109
20 Drv Dock.I-;ii8tB o.wlway
120
I'Zlh
7St. Xiehcdaa B ink
44 .Menhaiits' Nat. Bink ..loo's
7 llanovi-r National Bai,k.3-20ia
74 1'heuix National Bank... 1421a
dml
Mam.
[
gold, 1912
I
60
:
THE CHRONICLE.
1>6
She gangers'
The
^uztitt*
followtauf dividend*
rates of leading bankers are as follows:
August
DIVIDENDSi
TUe
[Vol. XLIX'
Sixty Dayt.
9.
Demarul.
4 8512
Prime bankers' sterling bills on London.
4 88
4 83i2®4 8351
Prime commercial
4 83i2»4 83«4J
Document ar,v commercial
Paris (francs)
5 20 ce5 19% 5 lO^'sSS I6I4
40i|„«4038
40l8'''403i6
Atnsterdam (guilders)
have reoenUy Iwen announced
Franlcf ort or
Bremen
95%®95i3
I
94Te3.05
(reichmarlcs)
I
—
United States Bonds. Government bonds have been only
moderately active at the Stock Exchange, though there has
been more business than during the previous week. Prices Ao
not fluctuate at all, and there are only slight changes in the
The Treasury purchases have amounted to §390,200 for
bids.
the week. There have been some round amounts of 4s ofered, but at higher prices than the Secretaiy is prepared to
pay.
The statement
4H Ptr
WALL STKBKT. FRIDAY.
Aae. 9, 1S89.-3 P. !tl.
The Moiipy Murkot and Financial Sitnation.—The
strength of the
ealieut feature of the past week has been the
Under the continued buying and steady adstock market.
vance of the Di-.'xel-MurKan specialties— the new C. C, C. &
bonds—
St. L.. Chi>s. & )hio and Kiclj. & Allegheny stocks and
has
the whole market has improved, and firmness all around
On this little summer brightening
been the order of the dav.
l"i have made quite a sharp advance—
in
73i^ to''n from 65% on July 23 to
Mi~
day i.i.f i.:,- cv ...--ternpref. from 57%" July 36 to 63 1^;
Northern Pacific pref. from eij^ on July 22 to 67?^; St. Paul
common from 67=3 on July 30 to T2%; Northwest common
from lOo's July 22 to llO/g; Union Pacific from SOJg July 22
to 01 'a to^ay. " It is unnecessary to pursue the list any furI
I
ther: these stocks just named are quite outside of the special" Big Four" group, and the figures serve
ties embraced in the
well enough to show the advance which has taken place
withhi two or tlu'ee weeks past on. a comparatively dui'
market.
The crop repoi-ta from the West, particularly as to wheat,
have been imiiroving steadily, and the quality of gi'ain as weD
as quautitj- scc^m to bo muchahe;id of last year, and the movement of winter wheat to market is now becoming active.
But prices of the three great cereal staples are very low, and
can hardly give the farmers much profit after paying freights.
As comjia'red with August 10, 1888, the prices to-day are a.-i
follows
m this market for August delivery:
Aug., 1S8S. Aug., 1S89.
perbiwli. 93%
83%
Ko. 2 red wliiler wheat
perbusli. 53%
Ko. 2 Western Miixiil corn
43%
per bush. SS'Ss
27
Ko. 2 Weeleru mixed oats
These prices show a decline of nearly 11 per cent on wheat,
19 per cent on com and 17 per cent on oats from the August
prices of last year. The farmer is thus hit by the depression,
and all is not as happy for him as appears at farat sight.
The advance to 3 per cent in the Bank of England rate is
the first hardening of money on the other side, but it has not
apparently much significance for our market.
The open market rates for call loans during the week on
Btock and bond collaterals have ranged from 2 to 4 per cent,
with 5 per cent an exceptional rate to-day Prime commercial
paper is quoted at i'^.Udi!) per cent.
The Bank of England weekly statement on Thursday showed
a loss in six>cie of .t031,0()0, and the percentage of reserve to
liabilities was uu-l8, against U6-54 last week; the discount rat
•was advanced from 2i.i to 3 per cent. The Bank of Franc
gained 16.0OO.(iOQ francs in gold and lost 150,000 francs
silver
The New York Clearing House banks in their statement of
August 3 showed an increase in siu-plus reserve of 81,127,100,
the total surplus being §8,216,175, against §7,089,075 the pre-
m
vious week.
The following table shows the changes from the previous
week and a coraiwrison with the two preceding years in the
averages of the New York Clearmg House banks
:
1889.
AUj). 3.
Capital
uud
1888.
Prev. Week.
Aug.
00.702.700
51.030. niO
Surplus
l.ioau.'i
Diffr'ne'i fr'm
dlsc'td ,413.024.600
Bi»ecle ...I
Ciri'iilatiim
Net di>|<o»its
L«Kal tenders
1887.
Aug.e.
4.
00,762,700
49,006,600
....
Dec 3,736,700 381,703.600 356,137,60(1
7^,l(.o.sooiiie.
921,600; 90..'J87,300i 73,973,600
3.!)12.(MJ(.Dee.
2S,600i
7,014,00o'
8()91 700
:4a4,4!;l,;i(HII)ec.2,S10,400 414,320,500 359,22 1.400
43,6, S.200 Dee. 4i>7,100 39,743,200 22,754,300
?<•<•
702,600 103,580,125! 89,809,350
}V,*-'jr,'-','l?iJ
110,8.J9.(K>0
Iuc, 424,500: 130,330,500 96,727,900
I
,
j
reserve
ficserve held
I^eitnl
1
gurplM reMfre
8,210.175'l^.l7l27il0o| 26.7.50,i75J~o!922j50
Exelinnife.-.Sterling exchange contmues very dull and
featurele.s.s, and ratrs are little changed.
Short sterling is
..!
steadv
lower, in consequence of the advance in
the
rate of discount to 3 per cent, and some
drawers reduced their 60-day rate on Thursday
and
Kc,
others
followed with a like reduction to-day.
Posted figures are
but
l(,iiK
Bank
of
IS
England
and 4 w.
To^laythe rates on actual business were as follows,
viz.
Bankers 00 days' sterling, 4 84J^.a4 85
demand, 4 87Wfd)
* 8': 4<3^ «'^- Commercial bills were 4
B'k.
^''f'vM,
Continental
bills were
Francs, 5 W^ra^ \H% and 5 16iia)
4
f.iy^
•
:
t^r
:
for this
CenU)
week
is
as follows:
dw 1881.
i Per
Prices paift.
Offtringa. Purch^ts.
OJfertna*.
...
tlO 1.000
iflOJ.OOO
vmi
Tuesday....
13.000
13,000
loej^
80,050
Wedn'sday.
251,000
9.150
10,000
VSf%
200.000
Thursday...
Friday
254.000
9,160
10.000
Total....
390,1501
Saturday
CtnU due
PurOl'a.
1907.
Prices vaii
I
»
Monday
Since July
The
1
*
126
15.000
90,85"
50
8S5,900
106J^
10BJi-106Jj
24.000
128
]27>i-l28
closing prices at the N. Y. Board have been as follows
cui'cy,'97
cur'cy,'98
cur'cy,'09
18
Aug.
Periods
3.
Aug.
Aug.
Aug.
Aug.
Aug.
6.
7.
8.
9.
.
cur' cy ,'95
ciir'cy,'96
This
Interest
:
rcg.'Q.-Mch. 105^*105% '105% 105%*105%'105%
coup. (J.-Mch. 10634*10634 *I067e i06''8 'loe^g noe^s
'12818 128181 12818 12318 *128is*128
reg. Q.-Jan
coiip.lQ.^an. '12818 *128ifi 12818 1281? *128i8*128
1891
1891
1907
1907
4128,
4J28,
48,
48,
68,
6s,
68,
68,
68,
390,150
14,292,050
50
reg.
reg.
reg.
reg.
reg.
J.
J.
J.
J.
J.
&
&
&
&
&
118
121
J.
J.
J.
J.
'124
*127
J
130
118
121
124
127
'130
the price bid at the morning board
State and Railroad Bonds.
118
121
124
127
130
118
*121
'124
•127
"130
;
no
sale
—State bonds
i"118
1*118
*121
*121
,*124
:*127
i'130
1*124
'127
'130
was made.
have been
dull,
sales included Virginia 6s deferred, trust receipts, at SJ^'aJg; Georgia gold 7s at Vi2%db}.^;
North Carolina 6s, 1919, at 127; Lousiana consol. 4s at 891^;
Tennessee settlement 6s at 109J^.
Railroad bonds have been moderately active, the business
having improved somewhat in sympatny with a more active
stock market. The tone has been a little irregular, though
the majority have been firm and a few quite strong, the latter
including Chesapeake
Ohio consol. Ss. Richmond
Alle-
with few issues dealt
in.
&
The
,
&
ghany Ists and 2ds., Missouri Kansas & Texas, 5s., 63. and
There was
73., and San Antonio & A. P. 6s., both issues.
special activity in Chesapeake & Ohio consol. 5s., some large
amounts of which changed hands at rising prices.
—
Railroad and Miscellaneons Stocks. The stock market has
improved considerably this week, with quite an animated appearance at times, in shai-p contrast to the dull and stagnant
condition which had previously prevailed.
This improved
volume of business was accompanied by a notable strength in
rices of many stocks and the market
has been quite
E
uUish most of the time. The strength was largely due to
united action in advancing prices^ as buyers in several groups of
stocks took hold at the same time and met with little opposition,
as the gener.ol feeling seemed rather confident than otherwise.
There have been no important developments this week, but
the crop out-turn is better assured, and the prospect for a
large fall tonnage on the railroads is excellent. In speaking
of rates, it mu.st be mentioned that the Chicago St. Paid &
Kansas City has given notice that it wiU follow the example of
the Cliicago & Alton in reducing cattle rates b<-tween Kansas
City and Cliicago, and ,St. Paul
and Missouri Pacific
also threaten like reductions.
This was not favorable news,
but it had not half the effect it would have had some weeks
ago. Earnings continue good as a rule, but the Atchison
statement of net for June was disappointing.
The strength has been most conspicuous in a few specialties,
though the whole market improved. The C. C. C. & St. L.
and the Chesapeake & Ohio stocks and Richmond & Alleghany
bonds were specially prominent, having had a large business,
with prices advancing. Notliing new in regard to them has
transpired except the good earnings of the consolidated roads,
but there is a continued demand and reported accumulation of
these stocks in strong hands; the Richmond & Allegheny second
mortgages will take on each §1,000 bond, §625 in Chesapeake &
Ohio common stock and §125 in first preferred, an(i hence
they are affected by the advance in those stocks. The grangers
have been well supported, and much strength has also been
developed in the Gould Southwestern stocks, Missouri Pacific
taking the lead with a substantial rise. Among the specialties
the Lake Erie & Western stocks were veiy strong, the preferred
advancing over 6 per cent in the week, with unusually large
transactions for this stock; there were rumors of heavy buying
with some special views as to the property, but the large net
earnings of this I'oad helped the rise.
The only special feature in the trust stocks was a sharp
decline in sugar to-day on free sales.
1
.;......
August
THE CHRONICLE
10, 1889.]
STOCKS— PRICES AT
167
STOCK EXCHANGE FOR WEEK ENDING AUG.
N. Y.
9,
HIGHEST AND L0\VE8T PRICES
STOCKS.
Active
* Siium
Canada
I'aci tic
()>4
36%
OM
57H,
36%
•6
Do
Do
3ih
do iKt prot..
do 2dpref...
Chicago BurlinBlon .t Qulncy.
Clilcttgo iV Eaatorn Illinois
m
Do
piff...
4:}:U
loa-iu
Cliieapo
Mllwaukoe&St. Paul.
7ois
Do
Cblcaifo
Do
—
pref
&
Northwestern
Chicago
&
Do
i.|
llOU
pref
Paul Min
OS
1
pri'f
St.
101
7II4
111
los's
14031
96I3
«l)
lOS^U
140:'4
IKi'a
1«
"34
31$
*12'ij
*34
33
Oiu..
pref
Clove. CInclu. CUlc.
&
St.
Do
l,.
951.J
7 1 "2
1003s
.
pref
Colunilius Hocking Val. ifeTol
14
Delaware Lackawanna AW'esl 144
Denver & Kio (j., nssessm'tpd.
Do
''2%
72;v
lOOV 100'4
14
14
144% I4414
Do
Do
02
*70
*22
Istpref.
2d pref.
& Terre Haute
Green Bay Winona & St. Paul
*«3
Evaim\1ile
114
58=8
I714
5918
Lake Shore & Mich. Southern
Long Island
& Nashville
New Alb. & Chicago
102
01
Iioulsville
. .
102%
102
92
92
70
70 14
:68i2
41
41
*.i8
92I3 9212
*80'2 87
*88i3 92
111
111
Manhattan Elevat«d, consol..
Michigan Central
Milwaukee Lake bh. &. West.
Do
"a
59
pref.
& Texas
36'«
37I4
6I2
6
59 M
5914
58%
«l3
.18%
52%
.5213
52%
52'„l
1 1
2
pref.
& Western
Do
•321.J
•14
*50
pref
Northern Pacific
pref
Ohio & Mississippi
Oregon Short Line
Oregon & Trans-Continental.
Peoria Decatur & Evansville.
Phila.cfc Read. Vot. Trust. Cert.
64.%
*22
*45
Do
Do
*21
4378
16
47
22%
•2214
22%
I014
10%
IOI4
•45% 46%
22 14
I0>4
72
23
96
2213
10
70
22
•93
278
2%
18
60% 62
92%
7II4
42
95 Is
23
lll.M.,
I7I4
Paul
44^8
22 14
22 14
49
»98
261a
56%
109
111
•30
32
*82
88
*97i3 98
Texas & Pacitlc
Union Pacittc
•I918
I9I2
59%
5978
109
103 14 103
92
92
68% 09 1,*
•39
41
•95
90 Is
•37I2
93
65%
3414
1
11
66
3OI3
811a
30 1*
22
48
22
48
331-2
•47
23
2378
100
98
98
99
27I2
18
•31
34
31
88
•82
101
2OI4
109
98% 100
19% 20
59% 60 Is
20
201s
60%
61 ih
16 ij
1578
29%
2978
157^
2978
30 '4
68
69
69
69%
Chicago Gas Trust
Colorado Coal & Iron
Consolidated Gas Co
Delaware & Hudson Canal...
579|
*26?i
5818
2714
861s
58
26 Is
.58%
58I3
59
27
26% 27
8716
Oregon Improvcmcut Co
•si"" "ss
87
86%
145% 145 is> I46I4
5313 5413 54
•93
96
96
97
94% 94% 95
941s
Do
pref.
&
Oregon R'y
Navigation Co.
Pacific Mail
Pullman Pn lace
Car Co
Western Union Telegraph
Express Stocks.
Adams
j
*143
*115
91
140
American
United States
Wells, Fargo ^t Co
Iiiurlivo Stoi'kM,
American
Cincinnati
Tel.
&
Cable Co
& Bait
do
n
'2%
pref..
Minn. & St. Louis, jiref
New Y'ork New Ilav. Hart.
Ohio Indiana & W<!Htern
*834
*248
.Vt
3418
180
85
LiO
149 151
II6I2II7I3 116
•90
90 14 9
138
139% IIOI2 139 143
86I2
87>3
114
II4
II4
2%
2%
"8I2
10
it
40
"21
Ann Arbor&N,
Tol.
Wl.iCon<iii Cfiiiral
3214
M
Co
& Iron
Trust .Mueks, dec. (Unllst
Tennessee Coal
Bugar ItiilnciicsCo
National Lead Trust
American I'ottou OH Trust.
Southern Cotton Oil Co
Distillers'
A:
Cattle F. Trust..
Pipe Line Cortifteares^
*
Iliese are prices bid
I
39%
22% 23
39 14 39%
114io'
11278
-21
21
5312
oil's
73'i'8
73''8i
5379
7212
431.2
*1(>
i'.i^
43 la
17
•16
98^9
DO'S
31
82
34
100
20
100
20 14
58
"27
146I4 146
54
97
>,)3
•92
151
118
91
143
9%
•38
•157
10
10
41
31
14'
;
31
24
38%
I
•
44
14
1%
157
22
•11
I
I
31
24
1
39% 39%
sale
99 "a
1.440
35,si7
305
30, 67
1
100
i,0OO
927
9J7g
'149
88
2%
10%
41,91(i
27,8.57
46
24
39% 39%
96I4
78
1,060
1,050
88
2%
I
•9
11
75
75
40
38%
'""'3"2,
56%
29%
F<^b. 26l
69% Aug. 9
Feb. 27] 4278 Aug. 9
897, Mar. 26llIl%Jan. 15
40% Mar.
94% Jan.
20'
0079 .Mar.
97 Feb.
102% Mar.
135
Mar.
89% Mar.
II Jan.
33 Jan.
30% Mar.
89 Feb.
58% July
161
45% June 26
9110478 July
75i4Junc
25 117
27111
-i
tt
May 24
June 7
29 14334 June 8
26 101 14 May 27
1934 Feb.
Feb.
42%
37
«
a
May 23
96
I
I
22 14
44
3278
•31 14
]
'25j
62
Jan.
Apr.
2213
3",90"6j
46
31
6",7"o'6
Jan.
80% Jan.
% Apr.
1
3978
price Is ox^dlvldeud.
June 13
Jan.
Jan.
Mar.
Itt
30
«
H7
88% June 9
Feb.
2;
8
Apr.
5
3
3i
Feb.
4
June
June 5
June 13
89% June 7
2
July 18
3% June 26
July 24 14% Mar. 5
7 265 Juno 13
June 21 13 Feb. 20
87% .Vpr. 17
-Mar.
Jan. 31 47 May 8
Apr. 1 157% July '29
Jan. 8; 22% Aug. 9
Apr. 15 5034 Feb. 6
Apr. 9 3178 June 13
June 19
Jan. 2^ 32
July S' 25 14 June 27
241% Jan.
30
111.2
21%
600 21
500 21%
3,825
7
Mar. 19;^20534 Feb.
41
31%
Juno
36% Feb. 11
92% May 28
80% Jan.
148
•23% 23%
39%
31
5
700,
lOOl 72
1
Lower
«
15 144% Jan. 21153
69 109 Jan. IOI2OI4
355 73% Jan. 4 95%
167 131 Jan. 19 146
152
S-i.So?
55.115:
}
3
8% Jan. 14
.50% Jan. 21
14,
92% Mar. 16114% June 18
33 Mar. 29' 36% Jan. 16
15% Mar. 2 26% Aug. 9
600 171
7,337, 83
,
ICvsh sale.
Jan.
59%AUK.
56% Feb.
58
1
115% 114% 116 114% 115% 114 114%: 109% 114%
23% 2114 23% 23 7e 23% 21%
2 47s
24% •24
54% 53% 5379 533^ .5378 21.115
54% 54% 5VH 51
'74
2,830
73
74% 74% 74% 7414 74-% 74
7334!
46% 2,22-.l
45%, 45% 4578 46
44 Is 14% 41% 45
-200,
>16
•16
16% 16%'
•16
17
17
17
17
101% 99% 100% 9979 100791 99% 101% 99% 1 0078 j.Qin.oMi
m ide at the Board.
7
.Mar. 10!
II914
Mar.
410, 4214 Apr. 5 72%
Apr.
10,107%
2101 75
1,695 85 Apr. 23 102
8,2to' 3134 July 9 40
'157
"22%
2ft
Aug.
B
47%
2,310130
'110% 118%
90 14 9078
110 110
1%
40
Higbest.
34 7„ July
1,300' 21
I
and asSeJ no
1,87.-)
96.37.)
1,281
32% 32%
•31% 31%
23%
34,997
41,3 IK
2,975
11,095
152
116% 118
90 91
112 112
1
42,0'<7
18,'201
58%
26% 26%
5778
28
150
2I4
6,045
;,510
86 14 80 14
117% 147 147%
55
54% 54%
96
93
93
58%
95% 95%
95
Lowest.
lU
88
60% 60%
16 14 16%
297a 30%
69 14 69%
28
87
21% 22
•ii'4
46
45% 41
32% 3314 32% 33
31
39-li
35%
26%
09%
"
2% 2%:
8% 10% "SI.!
10%'
8% 10
250 253 245 255 245 255
157
21
3334
31»4
39ia
2OI2
1
214
i
3Jia
39I2
;
78
41
21
31% 31%;
23%
•3Sia
46
3212
3114
113
American Cattle Trust
1
21
ed.)
,.
76
"46"
45 13! -44
21121
44
1%
!
'157
157
Alleghany
Louis Alton & Terre Haute.
Southern Pacille Co
10
27% 27 k
88
1%
212
2%
•8
10
'245
155
•913 10
'248 255
loia
•Ola 10
i
St.
87
88
23I4
57% 57%
109% 109%
58% 58%
151
»116 118
*89is 91
2%
'4
3514
34% 3479 3414 35% 35 14 36
180
180 180
180 180
I8O34 18034
85% 85% 85% 85% 85% 80
85 Is
180
85
85%
79% 79%
111
34
83
101
•27
149
.\;
Kiehmond
34I2
3412
181
255
*9
Philadelphia Co., Nat. Gaa
Pittsburg
Western, pref....
Pitts. Ft. Wayne & Chie
94 la
152
lis
91
140
8612
ash.
v\
Do
*93
*93
97
*94
95
3334 34I8
'179 180
Si's 85
2278
80
99
28
29% 3018
69% 69%
87
8714
144% I4514
»53i8 541a
44 '4 45
23%
•15% I6I4
16
45
33% 3314
22% 23%
60% 61
68 12
15 's
45
23
45
56% 56%
109
58 '4
112
2914
86
49
33% 33 14
•22
4414
16
5178
51%
29% 29%
65% 66%
22
22%
•29
1889.
8
33 14 33 14
15
51
51%
29%
65% 66 14
2214 22%
29 's
67 '4
stoekK.
I714
81s
I514
82
8II2
50% 51%
17% 17%
8
8%
51
81a
17
33
26% 2678
65% 60 14
5014
1714
98
106%
69
35
26% 27
69
35
'33
33
32%
13% 13%
•95
10614
17
•66
I514
65% 66 14
93
70% 72%
'
33
26I9
56I3
90
71%
701s
15
50% 50
41
98
87% 87%
•96 " "98
106ifll06%
17
17
34
100
97
112% 113
10% 10% 10% 10%
15
29
92% 92%
68%
6778
•38
•38
42
96I9 961"
87I3 87I2
911a 911s
'112 II312
29%
IVllMVolluiieoiiM
118
33
23%
111
24
93
96
•2%
4.
II714II7I4
I
112 Is
22 14 23
44% 45
261s
5678
'23
91 12 92 13
68% 68%
•I5I3
.
11 3
1.
13 100'4 .May 27
131 75% Aug.
9
July 12:102% Aug. 9
1,410 11 July 22 28 '4 Feb. 7
30,070 134% Apr. 3 14834 June 19
16%
15% Mar. 18| IS June 7
42i4.Tan.
•40% 47%
.50
June 13
l.IOO 15 Jan.
•22
23
25% May 28
11
June 1
9% 9% 1,836 8I4 Jan.
400 63 Jan.
76 '4 June 1
73
73
356 20 Apr.
25i4Juue 11
23% 23%
93 96
86 Jan.
97 .Mar. 4
3,155
379
2% Aug.
7% Feb. 8
414
236 106 Fob.
118 Aug. 9
118 118
•20% Aug. 9
20
20% 10,262 16 Jan.
61% 65 14 29.900 51% Jan. 4 65'4 Aug. 9
103% 104% 23,786 9931 Mar. 18 107% June 12
1.620 9034 Jan. 14 96% Mar. 4
•92
94
68 14 6914 12,471 56I4 Jan. 4 7214 June 12
100 3714 Jan.
'37
49% Mar. 8
42
2,025 90 Jan.
109% Mar. 4
97-8 9778
92% Jnne 12
88% 8878 1,050 84% Mar.
150 51% Jan.
95 .Mav 27
90 93
11778 May 28
'112
113% 1,000 91% Jan.
355
June
14 Jan. 11
10
10% 11
73 14 58,28i: 64% Mar.
77 Jnne 6
72
200
8
Jan.
15
July 1
13% 14%
75 8178 Jan.
99 June 12
97% 97%
2,275
10478
July
110% Feb. 2
107 107
1,140 15% July
19% Feb. 4
17
17
Julv
67
77 Feb. 4
4434 Feb. 2
34% July
30% Feb. 18
2678 27I4 13,035 25% July
517 61 Jan.
71% Apr. 26
66% 66%
53% June 25
51
51% 36.275 41% Apr.
19% Feb. 7
17% 1778 2,050 14% .Ian.
100
9% Feb. 12
7% Apr.
8%
35 14 June 12
400 30% :«ar.
33
31
421i 14i4July
18 Feb. 1
16
16
2,300 47% Mar.
53% May 2
51 14 52
19,073 25 Jan.
30% June 1
29% 30
68% June 3
66% 67% 56,326 58% Mar.
21 Feb. 11
22
22% 3,340 19% Mar.
105 39 Apr.
58 Mar. 6
45
51
17
t 61% .May
3278 34% 19,520 2834 July
28i4Feb. 13
1.110
July
20
23
23
50 Jan. 15
44% 45% 81,071 4214 July
2734 Feb. 13
23
23% 13,86" 19% July
84'34 June 7
100 76 Jan.
81
80
June 15
110
3|101%
Jan.
93
98 101
30 June 12
28
28% 1,410 19 Apr.
667flJau.
3
Mar.
2,518
53
59%
111% Jan. 12
50 104 Mar.
109
Jan.
14
10%
100
July
24%
30 34
95% Jan. 18
219 81% Aug.
85
86%
105 Feb. 1
1,445 92 Apr.
100 100%
23 Jan. 14
20% 2114 7,575 17% Mar.
67 '4 Mar. 4
00% ei's 31,855 56% July
1678 June 11
3,160 12% Jan.
I6I4 10%
Aug. 9
31%
24,535
21
Jan.
30% 31%
71% June 7
69% 71% 3,710 59% Jan.
18% 19% 19% 201.
64%
63% 63
03% 103% 10314103%
pref.
& Lake Erie, prof
4.-255
69
62
Pacific...
Wheeling
52% 53 14
2578
22% 22%
9% 9%
71% 71%
314
-79
26% 26%
56% 5634
. . .
Do
Wabash St. Louis &
Do
501s
291s
21% 22
44% 45 14
22% 24
22
22 12 227,
80
98 101
pref.
Istiiref.
&
33
15
2%
117
I8I0
'90
112
11
50I9
2878
6478
*45
321a
49
170
750
35
69
0%
5979
6814
•45% 46
73
23
96
•93
2%
60%
1031.2
•70
73
22
96
*78
pref.
& Ogdeusb't;
Dulutli
pref
St. Paul Mlnnat). >S: Manitoba.
St.
64^8
221s
31% 32%
Kichniond&West P't Terminal
Rome Waterto wn
8t. Louis & San Francisco
51
28% 28%
Do
Do
15
69
68
•5%
21% 26 '8
'..'
111% 112
*10%
33
3mi 34%
23% 25 «
37% 38% 76,360
•59 '4
112%
113
*34i2 35
1-,.
92 la
8714
87
90
90
33
16
371s
Ranee Since Juu
Shares.
9.
,
. .
Do
r>2'4
23-.,
6m;i-
67I2 68%
68I4 "69%
69% 71%
Mobile & Ohio
*13
*13
14
I414 1213 14
Na.shv.ChattanoogaA- St.Loui^
96 98
OH
96
96
96
New York Cenlral A: Hudson. 105 '4 IO514 106 106 106 106 '4
New York Chic, .k St. Louis... *16
10^ I6I4 I6I4 16% lliVo
Do
latpref. *68
*68
•66
70
70
70
Do
2d pref. *34
•34
31 36
36
36
Now York Lake Erie iSt W est'n 2«'4 26I4 26 14 27 14 26% 27 It
Do
pref.
62%
64% 64%
"49" "19% 49% 631s
New Y'ork & New England.
50% 50% 51
New York Ontario & West
»16
17 14
I714 1714
8I4 8 Hi
New Y'ork Susquehaii. & West. *8
*8
8>2
81a
Norfolk
•5%
6
ll2'aH2's 112
ly
;i:ii..
2314
66%
116% 116% H6ia
1714
pref
Missouri Kansas
Missouri PaeiUc
2%
116'2
Lake Erie i Western
Do
*70
•22
*94
3
*L'3,
Dllnois Central
'9%
10
72
23
90
52%
111
33 Is
36%
Aug.
Bales
of the
1, 18891,
Week,
Friday,
37%
59 14 Bo's
mm
pref.
Dcnv. Tex. & Ft. W., Vot. cert.
East Tennessee Va. <fc Ga
•6
—
Wednesday. Thursday,
Aug. 8.
Aug. 7.
39 14 4n.'._ 40>a 42% 41% 42%
3914
12% 4'
1031s 103 "4 10|i« 11)3% 10418 10279 103% 103% 101%
4.-,
45 14 45 14
45
45
45
45 '4
I tig
4413
103 12 1031..^ 104>4l01'4
101
103% lo:i:<ij 103% 104
72% 72
71% 72% 72
72%
717^ 72%
113'';'
II2I3
112
113 113
113 113
IlOHj llOl-j 109% 110
109% 110% 110%1107h
140% 111% 141% 141 141% 141 142
141% 14
97 14 98 14
9731
97 19 977^
97% 98% 97% 98%
•12 '3 16
12% 16
16
15
15
•I213 10
•3313 36
34 37 34 37
36
•3413 37
3379 34
3114 34%
33% 33% 34
34
34
9612 97
96
98
97
98
97% 97%
97
73% 731s 74
74% 75%
73% 74% 73 '4 75
lOO's 100% 101
100% 101% 101% 102% 101% 102%
1418 14M
14
14
1419 1414
14% 14% 14%
14518 14478 145 13 145 145% 145 145% 145% 146 14
*16i4 17
•16
17%
44 12
1031...
71
*12"2
361^
6i8
67:ii
101%
'h
llOi-j iioi...
Cliioago Uock Inland Sl Pacltlo.
ChlcaKot*t. Louis i Pittsburg.
Do
67
39
00-k
10
37»e
51% S-2\
IIO'b IHI2
"33
341.2
2314 23%
&0.— Vot.Tr.cert,
Cliesapcak»!
5.
Tuesday.
Aug. 6.
57'4
SdiitUorn
Cenlral of Kcw .Jersey
Central I'aulllo
Louis.
Aug.
(57%
351s
l'"0
racillc
.V
Canadian
Slookn.
itlC.
Atolilsoii Top.
Atlantic
Monday,
Saturday.
Aug. 3.
AND SINCE JAN.
31
'.)
Jan. 23: 12'4 .Mar.
19% .Mar.
48% Jan.
70
Jnly
41% July
14% July
80
A pr.
3
June 24
26 i>o J imt' ^^
16. 61% May 29
31' 74% Aug. 8
474 June 27
6:,
13 19% June 29
23 102% July 24
81%Fob. 20;r26
JPrloos Irom totli ExoUaugca.
'
1
THK CHRONICLE
168
B9SD8 AT
LITEST PBtCES OF ACTITB
iasm -
N. ¥.
[Vol. XLIX.
STOCK EXCHWSE. A\B R.iXeE SINCE J4N.
A U0.
Jitig. 9.
'223»
83
AU. * r
Oiuti
l^^'^'^'i""'
,.r.V6i.iiw8i<;S'^|;;,>Sri
Cm. >•
M,
99
7isl8WJ.. i"*-""-
•
CrDii-
125
Oonx'M.
0«acnUiu'
1^
j.jy
b.
123
.
.
j^„
l'2.li.j
[120i2Mny
113 Mav
'"'"° Jan.
108
llSUFeb. 120'.i June
112
Ill
b.
108
120
tlOS
Jiini
line
115^ June
1(21 ..
Am. Dock .^
1898..117%b.U7\
Oantnl VtcMc iui.l»V*
1<»3 b.lOl^Apr. 105 Hi
\—..•Ai^^,,^.^mta
1
JiSfjC^i?l»3«
»Iortj»fe.BM»JO-;,vAVi
:::
b.lOoJsApr.
lll3i4Jan
__
94 Feb.
lOZU
..no's 107 Jan.
Jan.
98
..103>4
a. 131 a. 12919 July
1102^ May
b. 105
a.
CfcM.l0hlo.-Mort.tf»,1911.
/*"
Ut ooMol. 5»j.l039 viVi
A Co. W.- B»,
Ck««. O.
* Q.-Con.
aile.Burl.
I
1911.....,
104% Aug
94%
July
1114
104 '8 July
134 May
106 "i! June
96'« May
9558 Apr.
9219 Fob.
9178 Jan-
9514
b.
B'eb.
1108% Mcb.
ill9^ AUK.
^
1903.. IJI
./lilIKi
July
120
Jan.
Feb.
Jan.
^
99
106
b.
lO.".
104 >a Feb.
101 May
106 June
130 13 June
117 July
1
1905 liSisb. 125i«b. 12212 .Tan
-
112 .Tan
.-,m)»
limb. 110 Jan
lit fcjMlu Div -0», 1910 .. US'*
103 Jan
lOeHib
I0«%b.
iS'cSaPw W.U1v.4m»21
'99
99 Jan,
WU.AMta?^Dlv.-5MU21..l0.5 b.
Jan.
b. 100
105
b.
JOJ
Terminal 5»,1914
Jan.
144iab.
CWc. & N. W.-Con»oL 7s, 1915. 145 b. |129>flb. 1433i
AuR.
127
127
Gold, 7», 1902
120 b.'119 Jan.
einkin(f f iinil (is, 1 929
} f
b.l08"9Jan.
11<>
b.'llO
.'>»,
1929
SlnklnK ftinil
|109 Jan.
sSktoKunieb^nT. 3,; 1933 114 b. 114^ b.'lOo
al^ySfdebentarciSs, 1909... 106'4b. 106 b.'l05 Jan.
101 b. 102 b. 98 Jan.
KxtenMon 4», 1926
Chli).Peo.&St;L.-Glil.5«,1928 95 b. 95 a. 95 Mch.
131>4Mch.
136
Chic. K. 1. A: Pac.-<li>,flOup.,1917 .....
106
105^ 10408 Jan.
Kiten.ilon A col. Ss, 1934
..Il23'4a. 119i2Jan.
Chlc.St. P. M. JcO. -Con.6s,1930
92 Aug.
Ch.Bt.L,.& Pitt.— lst,con.58,1932 95
921s Jan.
Oeve. ACauton-l»t, 5», 1917. 92 b. 93
'130
Jan.
...I
7a,
1914
Conwl.
I.—
C.
&
C. C.
'112
Jan.
119 b.'
K.neral 611, 1934
98%b.' 93'8Apr.
(-..
nolilron-lst 6», 1900.. 98%
60% July
69
ll.Vnl. ATol.—Con..58, 1931 68>8
I..
50 July
56 a. 55
Oinpral KoUl. 6a, 1904
120igb.ll8»8May
Denver * Rio Gr.-lst, 7», 1900 121 "a
78 '8
75 Jan.
79
1st consol. 4s. 1936
84i2Jan.
Denv. .i K. O. W.-lst, Oa, 1911
°ui\
117'sb.i.......
'
- . .
I
I
I.
.
Mch.
102
,
1
I
I
1,1.
67
:
;.>a.—Cons. Oa, 1911.'
Nt..-lst, 6s, gold, 1919 103
(..upon. 69, 1909
63
1
KentuckvConl.— Gold4,
,
b. 102>4b.'l00i2
Kniixv. & 0.—lNt,6»,gold, 1923 110%b. 109
Erie A Wc.st.-lst.g.,.3.<, 1937 112 b. 112
I,akiShnn>.-Cou.cp.,lst,7.'<,l!tOO 127 a.'125
up.. 2(1, 7a, 1903.... 126 b. 126
-lat, con., ,").s, 1931 116'2b.
U
Apr. 10919 Jan.
62 May
71>9Jau
6219b.;
b.'
1987..' 87>9a.' 85
b.'
b ilOl
Jan.
Jan.
12314 Jan.
b.'l24 Jan.
'
'
b.ii07
Jan
92i3Jan.
'11414
,..rt., 4a, 1938
100 b. 100 b.'
Ixiuir-v.A .s;i»hv.-Con.,78,1898 lUJiiil). 120ieb.'ll7i2 Apr.
E. H. i- N.-lst, 6», 1919
117 a. 115 b. 114% June
Ginipnil.tu, i(i30
113»2b. 11319^ 112 Jan.
-.1922
104
5(>;.
Colhii
iin-i
.-.
b.'
102I9
1931
&l'h.— l8t,6a, 1910
Coii8ol..gold, (ia. 1916
Mem, &('har.—6a, Kold, 1924...
Metro. Elevated— 1st, 6a,1908..
2.1,6a, 1S99
117
102
107
121i2Mch
118 14
118 14
1131.2
Apr.
lOoio Apr.
IO4I2 Apr.
a.ll2i4Jan 122
93 Jan. !l04
a.
120
13312 Met.
,
.
M3
^
I
'
„
-
-.
Par. Of
i
1<H)6
Mo.— 1 at,
I
oxt., 48,
;
I
114
May
12319
IOII2
111
IO9I2
Jime
97
July
Apr.
Mch.
July
6419 June
60i9June
95 b.! 87i2Mch. 97 June
113 b.llOiaJan. 115i9Apr.
1
.^"/l-3-6
9514
COD., 68, 1920. ill3 b.
Mo. Poelnc— iBt,
3(1. 7»,
June
lUiaMay
1
,106i4b. 1051-ib. 10514 Jan
1st, -3, 1927' 96i2a.
95 b.' 90 Jan.
<On.,6H, 1920, 64I9
63
53 Apr.
57'9b.l 5019 Apr.
5913
June
June
109% June
106 b.'102i9 Jan.
11514b. 114 b.'lll's Jan.
108
,107 b. 106
.Tan.
MicU. Cent. — 1st, eon., 7s, 1902. 131
il30 b 130
July
Consol.. 39, 1902
115 a. 114
111
.Tan.
Mil. l.akpSh.,VW,— lat, 6,«, 1921 120 b.'
..'118% Jan.
Con3», 190103 a.' 92i3Jan.
Mll».
I.., 69, 1910. 108
b. 108 b. 1O6I9 Jan.
M'
May
May
May
106
96i4.Tan
102>4b.
b. 118.
b. 103
Mav
130
I3014 May
II719 June
IO214 M.iy
lOlisJan.
98 Jan.
i
Loni.i. N. A.
June
IIII9 June
113% June
112% il09i2Jau.
'112»9b.
li*-;
90
b.
1
Trn-
74i9.]au.
:
1938 ioo'
9914b.
I
II6I2 Jan.
97% Jan.
'
121
19
Apr.
102% June
Mobile i ohIo-.Ncw, 6)., 1927.. 111419b. 11419b ,112% Feb. IO312 Apr.
111619 May
General mort., 4s, 1938
58
56%
41% Jan. 58 Jurie
'
|
NOTS.—The letter "b"
|
Indloatea price bid,
and
'
price asked;
all
|
1
97%
103%
Jan. ;ilO
Jan. ill2
61
May
June
I
'
\
,v
Mch.
98^4 June
121 May
13812 June
llli4Fel). 11 6 >2 July
107 Apr. 108>3 Jan.
no's Mch. 115 Feb.
94 Jan. 1 03 M June
II414 Apr. II914 July
II714 Jan. 121% Apr.
jllDia Jan. 12078 May
112 .Tan. ill6i4Mch.
116 Jan.
131 13 Jan.
'
i
'
Int.
May 134
915Rja-i.
'
I
'
i
\
Feb.
13712 June
I1514 .Tune
Jan.
Jan.
'
'
87i9Jan.
66
Aug.
66
,,
122%b.'i20i4 Jan. 124 Feb.
June
107 1.J June
!
I
81
138i<2
May 107
1
93% June
94I2 Miiv
Jan.
93
D<liv. S.rk.,V Paf. -l'it.7s,1905' 94
1'
1913 104l'2 105 b.'i03 Jan. IO8I3 Fell.
Feb.
Aug.
40
a.!
32
,,1911 32 b, 35
96'8Jan. 104 Feb.
Sl937 103^8 102
IO8I9
May
Jan.
108
108
a.
102
.. 1936
i;_ 1
99 .Tan. 106 Feb.
1902. 106 a. 103%
y.\u \.i
July
b.
Mch.
142
141%b.
137
*. 1920
141
Krie-l
111 b.il0%Jan. 114 May
••x.\.
112
Lonu
120 b. 120 b. 118 Apr. 123 Feb.
C<"
98 Jan. IO712 May
con. 6s, 1969 103 b. 103
NY
94>2
.. (-.-1*1,68, 1921
93^
90 Jan. 101 May
95=8 Mch.
Viit.-W.l>iv.lst..>s 93%
92>ab 92'« May
1'.- 2dino.8s,1911 16
23 Feb.
15
13 July
Aug. 116 Feb.
ni.Fe— lst,7«,1909 104 b. 104
10
'
104
133
Ill
129
74i9Mch.
July
115 Jan. 121 June
'118»2 Apr. 126
June
Ohio8outhem-lst, 68, 1921 ... 110% 'lloiaa. 103 Jan. ;112 May
157
.')7'al>.
44% Jan. 58i2JiUy
2d, income, 68, 1921
Omaha&St. L.— l8t, 4s, 1937..I 78 a.' 78 a. 71>9Jivn. 80% June
Oregonlmp. Co.— lat, 68, 1910. 103 b.lOS b. 102 Feb. 106'8Feb.
112 b. 110 Jan. II514 June
Ore. E. &Nav. Co.— 1st, 68, 1909II214
'105
il04'2b. 102
Jan. 105% May
Consol. ..58, 1925
1922.il05i8b.'104i2b.
lot's Jan. 107 12 Apr.
Oregon iTranscon'l— 6s,
May
Penn. Co.— lias, coupon, 1921.110 b.'llO b. 10678Jan. Ill
il07»4b. I0412 Feb. 110
May
Peo.Dec. & Evaua.— l8t,6s, 1920 108
102% Jan. 109% Feb.
Evansv.Div.— 1st, 6s, 1920. .1106 b.[
68iab
66
Jan.
76% Mch.
2dmort.,53, 1927..
88=8 Jan.
94% June
Phila. & Read.— Gen. 4s, 1958.. 91
901a
8OI2
81%
80 July
94% Jan.
lat pref. income 53, 1958
6438b. 6278 July
66
82% Jan.
2d pret. income 53, 1958
53
51»2b.
6214 Jan.
5119
July
3d pref. income 5.8, 1958
84 b. 76 '4 Jan.
87% May
Pittsb. & West.— l8t, g., 4a, 1917 SlU
69'8
68»4
58
Jan.
70% Aug.
Rich. & All.— Ist, 78, Drc-\el cert.j
35
26 Jan.
37 Aug.
2d mort., 6.s, 1916, Drexelcert., 36^8
..'
...
116%
114
Jan.
119% May
Rich. & Danv.— Con., 6s, 1915
91 b. 91 a. 86 Jan.
94% May
Consol. gold, 5s, 1936
Rich.A W. P.Tcr.—Trust 6s, 1897 99581.1 99'sa. 96 Feb. 103 May
117 a. 117
113 Jan. 119% July
Roch. & Pittsb.- Con. 6a, 1922
RomeWat. AOgd.- lst,78, 1891 107%a. 107i4l>. 106% June 109% May
Consol.,extended, .53, 1922... lll%b.llll b. 108% Apr. 112 May
b. lOSH
Jan. il09% Apr.
|104
St. J03. &Gr. I.sl.- 1st, 6s, 1923. 105
b.
ill
.liily
115 June
St. L.Alt. .ScT. II.— Ist, 79, 1891112
110
b.'
105% Feb. 111214 June
2d, mort., pret., 78, 1894
106%b.
104% Jan. 108 Apr.
2d, mort, income, 7s, 1894
81%
79%!}.! 77
July
99 Feb
St. L. Ark. & Tex.— Ist, 6.-I, 1936
28%
27 b. 25 May
38 Feb.
2d, 6a, 1936
105%b.ll05% Aug. 110 Jan.
St. L. & Iron Mt.— 1st, 7s, 1892. 105%
109 b. 105 Jan. illO July
2d mort., 7a. 1897
Cairo .fe Fulton— Ist, 7s, 1891. !l02%b. 102%!). 10II4 July 103% June
CairoArk. .SiTex.— I3t,78,1897l03% ]103 b. 102'>8 Aug. 107 Apr.
90 Feb.
81 Jan.
Gen. R'y Aland gr., OS, 1931.1 8514b.' 84%
116 Jan. 121 Apr.
St. L. & San Fr.— (is, CI. A, 1906'
115% Jan. 121 Apr.
63, Class B, 1906
ill8%a.'118%a. 115% .Tan. ,121 Apr.
68, Class C, 1906
116%t).lll6 b. 115% Jan. 121 May
General mort., 6s, 1931
103 b.'103 b.loiUJan. 108 June
Generalmort., 5a, 1931
12078b. 118 Jan. 122 Apr.
S. P.M. &M.— Dak. Ext., 6s, 1910
118%b. 115% Jan. 121% June
1st consol., 63, 1933
98i4Jan. 103% Juno
reduced to 4 %s ...101 %b.
Do
96i4Feb. 100% July
98%1). 98%
Collateral trust, 53, 1898
'88'4
83i4Jan.
92% May
Montana Ext. Ist, 43, 1937 ...'
96 May
Slieu. Val.— 1st, 7s, 1909, Tr. rec. 94%b. 94%b.' 87% Apr.
40 May
General 6s, 1921, Truatrec.i 33 b.' 35i4b.l 31 Jan.
"
1).'
96
99 Aug.
SouthCaroiina— 1st, 68, 1920...I 99
90 Jan
..' 58
a.] 47
Jan.
60% Feb.
2d, 6s, 1931
7 b.
7%b.' 5% Jan.
10 Feb.
Income, 69, 1931
So. Pac, Ariz.— 1st, 69, 1909-10. 106 b. 106
1101% July lOSHJune
117%b. 117'4b. 114 Jan. lll7i4July
So. Pac., Cal.— 1st, 6s, 190.5-12
106 b. 105 b. 105 14 July 108 14 Feb.
So. Pac., N. M.— l.st, 6.S, 1911
Tcnn.C.I. <feRv.— Ten.b.,lst,63 94%b. 95%b.' 89 .Tail. IlOO Mch.
96
94%b. 89 Jan.
99 Mch.
Birm. Div., 1st, 6s, 1917
89 %b.' 85% Mch. 94 May
Tex. & Pac— Ist, gold, 5s, 2000 9078
36I4
37%
31 Mch. 40 Apr.
2d, gold, income, 53, 2000
99 Mch. IIOI4 June
Tol. A. A. AN. M.— l8t, 6a,1921106%b. 108
Jan. 120 June
Tol. A. A.& Gr. Tr.— 1st, 68, 1921 110 b. 1 2 b. 103
102% ,101 Jan. 101% June
Tol. & Ohio Cent.— Ist, 5a, 1935
76%b. 74 Apr.
Tol.Peo.&West,— lst,43,1917.. 77%
82% June
Tol.St.L.A Kan. C.—lst,6s, 1916 102% 102%
92% Jan. 105 May
rnionPaciflc— Ist, 69, 1899.... 119 b. 120 b.'ll5 .Tan. 121% July
117S8li. 117''8b. II6I4 Mch. 120% Jan.
Sinking fun.l, 8s, 1893
Kan.sas Pacilio-lst, 68, 1895 109%li. 109%b. 110% Apr. 112% July
ll(l%b. 110%b. 109% Jan. 112% May
1896
1st, 69,
114%li. 114%b. 112% May 115i4Feb.
Denver Div.— 69, 1899
'^'
~
115 14 1112
6s,
1919
115
117 Apr.
consol.,
Jan.
Ist
Fob. 115% July
Oreg. Short rjne— 1st, 68, 1922 112 b. 112 b.'lll
Mid.—
Gen.
m.,.
5s,
1936
86
b.
87
b.'
Jan.
90 Apr.
Virginia
78%
42 b.' 37 Apr.
48 Aug.
Wab. St. L. & P.— Gen.,68, Tr.rec 48
Div.—
5.S,
Tr.rec.
103
103
July
1910,
102 bl 88^ Jan.
Chicago
Wabash— M., 79, 1909, Tr. rec.
98%b. 86 Jan. 100% June
103
lat,
ext.,
Tr.
78,
rec. 103 b. 101 %b. 89% Jan.
Tol. & W.—
14 July
lst,St.L.Div.,7s,1889,Tr.rec. 102%b. 102%a. 93% Feb. 102% May
87 Jan. 103 June
2d, extend., 7s, 1893, Tr.rec. 102 a. 100%
98%b. 85 Feb. 100% June
Con., conv. ,7s, 1907, Tr.rec. 99%
lst,79,
188S,Tr.reo. 103 b. 101%b
89 Jan. 103% July
Gt. West.—
86 Mch. 102% June
2d, 78, 1893, Trust receipts. 100%b. IOOI4
West Shore— Guar., 4s
106% a06%b.ll02% Jan. 109% June
97 b.l 95 '4 Jan. 101 Apr.
West. N. Y. & Pa.— Ist, 5, 1937.1 9778
34 b. 33%b.l 33% Auff. 44 Feb.
2d mort,, 3g., 5sc.,1927
102'8b. 9878 Jan. 106 June
West. Un. Tel.- -Col. tr.,5s, 1938;10C7g
Apr 110 Aug.
WTieel. & Lake E.— 1st, 58, 1926 110 a. 108%li.'102
. . .
82i9May
I
73% Jan.
90%
90%
May
Jan.
87 Feb.
12214 Apr.
I
104'4 Apr
Jan.
Jan.
98i'8Jan.
1
87% Feb
\
b.
123
100 b. 99
134 >2 129
..1
1
Apr.
120
105
'
,
•
1
1
June
99
135
I
1
1911.
1913,135
I
;12Jii!May
100 Feb.
I
I
O.s
1.
Blghett.
1
no's June
1(1951 June
IOSHj June
108 June
147 Jan.
133 May
123 Apr.
112 June
;il4HAug.
109 Apr.
104 "4 Feb.
98 3i May
I3SI2 June
108 |s .June
I
As-senttHl
f.,
St. I..— Ist, 78,
;
123% July
SK:V
S£- M
&
H07 b.!
Consul. .'Ja, 1938
(10478b.
N. Y. Central— Extend., 38, 1893 105
N. Y. C. tc il.-lst,cp.,7», 1903 134
114is
113 b.
Dcbentuic, .'is 1904
129 %b.
N. Y. & Uarlern— l»t, 78, 1900
95 'e
95^4
N.Y.Chlc.&St, L.— lst,48,1937
'
N. Y. Elevated— 1st, 7», 1900... lie^ab. 116 b.
b.
136
N. Y'. Lack. & VV.— 1st, 68, 1921.
'114 b.
Construction, 38, 1923
N. Y. A JTortb'u-lst, 5a, 1927..J111 8.111 a.
;H3'ab.
N. Y^. Ont. & W.— 1st, 6», 1914..I
N.Y.Sus.ifcW.-lstref., 5.8,1937 101% |100'b
MidlandotN. J.— lst,6s, 1910 119i2b.;119iab.
,120 1).
Norfolk & West.— «en., «», 1931 120
North. I'ac.-lat, coup., 68, 1921 110''8l>.,117
116
b.ll6
b.
r.encrul, 2d, coup., 1933
General, 3d, coup, 6s, 1937...'105i9b.-105'a
a.
110
1933.110
No. Pac.Ter. Co.— lat, 6s,
71
Ohio Ind. & West.- 1st, 5s, 1938| 71
Ohio&Miss.- Consol., 78, 1898. 118 a. llO^ab.
120 b.'
2d, consol., 7b, 1911
*"
128 >4 Apr.
Jan. ^"•=''
ill3 b. loeaeJan.
Jan
lU'nt 117>4b. 117>ab. llSifl
113
-
100
Nash. Ch.
May
May
Lowest.
2.
i
.
-"-
'
Colli.'
Mutual Un. Tel.— S.
Feb.
Feb.
la's
1
1889.
Range Since Jan.
Closing.
Railroad Bonds.
I,
'
'
I
I
'
'
1
1
'
,
'
1
1
.
i
I
other prices
and the range are from actual
aale3.
STATE BONDS.
SECEBITrES.
Bid.
I
Alabama—Class
aaasB. .5a.
nassC. 4»
Ask.
SECURITIES.
I
Bid.
A, 4 to 5
1906 103% 104% iMissouri— 6s
due 1SS9 or 1890
1900 110 lis
Asylum or University, due 1892i
1906,
102
Funding
1894-18951
.»». 10-20
i9oo; 100
>ew York—68, loan
1892
Arkansas— 6s. fnnded.. 1899- 1900. 12
13
L6s,loan..
1893;
i.ii..
I.-...
7s,
.V Fort Smith Iss.!
10
l.-)
North Carolina— 69, old.... J. & J.'
••
7«.
I. It tie Rock I«s...!
10
15
Funding act
1900
^7«.
ntral RR
8
10
New bonds, J. <fe J... 1,^92-1898
ReoiL
.,..,1
1S90 102% 103%
Chatham RB
I "'1-1
-78, (XIIM
1914' 105
Special tax, Class 1....
I
I
I-
I
.
;
i
.
la
Mii'tjii
7a
88% 89%
."."."."."."isBol
106
Consolidated 48....
^
1910
'.'.'.1919
!
Ask.
'
8ECUKITIE8.
Bid.
Ask.
110
4
102
64
74
103%
IOOI4
Rhode Island— 68,
102%
South Carolina— 6s, non-fund 1888
Brown consolidated, 68
1893
1892-1 898
Tennessee— 6s, old
Compromise, 3-4-5-68
1912
New settlement —6s
1913 106
1913
58
1913
73
3s
.
110
110%
110%
35
10
20
6%
5%
—
9
96% 97
126
cou.. 1893-1 894
129
Virginia 6s, old
6s, consolidated bonds
68, consolidated, 2d series
68, deferred, trust receipts
4%
110
103
73%
1
ACODST
10,
.
'
THE CIIRONICLR
1889.]
169
BONDS-STOCK EXCHANCiE QDOTATIONS ON FIMDAY OP THE LESS ACTIVE RAILROAD BONDS.
Aak.
Bid.
SECUHITIEe.
Bid
BECUEITIlO.H.
Aak.
SECUBITIES.
I
Bid.
EastTciin.— lOq. & Imp.
Northern Pacific— (Com inued)—
6S.1938, 04>9'.
Mobile vt Blnn.— Isl, L'.,i5«..1937'
Diil.A.Maii.Uak.Uiv.— Ist6sl937
fSiocf^' /•:xrhiinof! f't'ieeg,)
IWa
Alabama Central— si (i»...1018' 114>a
87
01
La. M. A .Mo. K.—l St, 5s .... 1 037
:
At<!li. Top. A Sim. Fe— 4ias...in20
Erie— l8f, cxtendcrl,
1H97 Il9>2l21»a
93
North. Pac. A Mon.— 1st, Os.llKiK
89
7s
1 91
SlukinK f mirt. On
iOTa
"
98
2(1, cxtcndcil, .5»
C(rurd'Alene-l8t,6«, gold. 1916 '100
..1919 118
Chic. S. Fc * Cul.—lstK., 58. 19:17
i.js.
98 <4 99I2
3(1, extended,
Gen. 1st, gold, (is
I9:i8 107>« 109
..I92:J Ill
Atlantic & Danv.— 1st (?., 0.S..1917
4th, extended, fjs.
ll»
Cent. Washington— l8t,g.,68.1938 IWl
..1920
Bait. & Ohio— l8t, C», Park B.1919 121>4
.
..
107>3
5th, extended, 4s
orf.A W.—
W. New Klv., Ist, 6«.1932 115
192.'>
..1928 102% 103 >4 Norf.A
5b, Kolcl
1st, cona., fd. coup.,
Imp. A lOxt., 6s
1934 108
Cons. iiii)i!,, KoW, .'is
1988 "108
...1920 135
Rcorg., Ist lien, (is
Ailiustmeiit .M., 78
iOOS
1924 112
Beech Cnck— lat,K0lil,4.s....l9a6! 883, 90
B. N. Y. & E.-l8t, 7s
EiMiipuient, 58
.102
143%
10O8 93
191(1 142
Bost. II. Tnii. & W.— Dch. .58.191!)!
N. Y. I,. E. & W.-Col. tr.,6«.1932
CllucliViil.l>.—lst,equlp.58. 19.57
OOU 97 >«
Brooklyn Elov.— Ist, «.,««... 192 4 112 H2I2
conn 58
.5h
IOAO 89
Funded coup.,
90 Ogd. A Lake Ch.— lsl,con.6s.l920
1913
90>a
2d, S-iis
1969,
Income, 6a
Ohio A Miss.—Cous., s. t, 78.. 1898 117 llg"
Union El.. 1st, (filar., «».... liWT 10558 10«
1977|
Buff. & S. W.— M01I4,'
81
Hpiingllcld DIv.— l8t7»
1908
1905
Brunswick ,fe West.— l»t,K.,t».1938
100a4;i02>3
Jcffc son- lat, ku. h.
General 5s
1909 100>a
1932 *
Biift; Ri)Ch. A Pitti<.— Ocn., 58.19:17
O?"*
Eureka SpriiiKa B'
Ohio River RR.— Ist, 5«
25
t,lis.g.l9:j3
1930 100 102
Koch. A Pitt.s.— iKt, f>s
1921 120
126'
9ft
100
Evan. & t. II.— lat, cons., ea.l92i;
123
GcMieral iiiort., gold, ,5»
19.37
87
Burl Ced. Kap. & No.— lat, 5s. 1 90Ci
....
89>2
Mt. Vernon— 1st 68
Oregon A California— 1st, 58.1927
87
1923
Consol. & collat. trust, os. .19:14
Evans. & Indian.— lat, conn. .1920'
Peiin.sylvania RR.—
Minn. & St. L.— lat, 7s, gii..l927 ' 99
Fllut&P. Mairi.— Mori., 0S...1920 121 123 ifl
Pitt8.C. ASt.L.— 1st, cp.,78.1900
Iowa C. & West.— lat, ?8... .1909 100
!ll8
1st con. gold, .-,H
Pitts. Ft. W. 4C.-l8t, 78...1912 145
1939 105 107
Ced. Rap. I. F. & N., Ist, 68.1920 * 97
...
Fla. Ccn. APon — 1st «. 58....191H
95
2d, 78
1st, 5a
1921
1912 14219'
'
''Gal. Har. A 8au Ant,
107
3d, 78
Central Ohio Rcor.— lat, 412a. 19:10,
Ist, 68.1910 105
1912
2d mort., 78
104
Clev. AP.— Cons., 8. fd.,78.1900*125 I130
Cent. RR. A Bank.— Col.)i;.,5s. 1937 lOOia, 102
19a5
Ga. 80. A Fln.- l.sl
19271"
100
1892 '105
C.s
4th, sink, (iiud, 6b
Cent, of N..l.—f'onv. dob., 68.1908 119 |125
.
93>4l
Grand Riip. .V
1924*
St.I.. V. AT. H.— Ist, gu., 78.1897
115 117
LchlKh A W. B., M. ,'Ss
1912 106% 107
Green li. \V A
- .1911'
71
84
2d, 7s
Centriil I'aclllc— Gold bd.s.,6a. 1895 II4I2
1H98'106'3
...
Housatoiiic106>3
1898 'lOSi-ji
Gold bonds, 68
.1937
2d,guar.,7a
1896 115
,Hou8.ATcx.C.- l.-it. 111. 1. 78.Tr.reo.! ...^..128
Peoria A Pck. IJion— 1st, 6» 1921 1 12
Gold bonds, 68
1897: 115% 117
".
West DIv. 78,Triial n>colptg.l891 '125
76"
2d mortg.. 412s
San Joaquin Br., 68
1921
19(X) 110
l8tWaco A Nor.— 7a
Cal. A OieRon- Rer. B,68...1892
Pine Creek Railway— 6»
190l'*107
1932i
1'
2dm.88.M. 1. Trust nielpt8.1913;
121
Pitts. Clevc. ATol.— Ist, Os... 1922
West. P.icKIc— Bonds, (ia.... 1899 110
_
Gen.inort.6s,TiiiHt nieiptB.1925
No. Railway (Cal.)— lat, 6s. 1907
1922*109
Pitts. Junction— Ist (is
80'a 82
.
'
1932*118
Chea. A O.— Pur. M. fund, 6S.1898 113
116 |IIIlnoi8 Central— Lst, g., 4s ...1951, '109
Pltt«. Mc. K. A Y.— Ist 68
..
Ist, gold, 3 >a.^
95
Plttfl. Palnsv. AF.— 1st, 58...1916;
1951
99 iioo
68, gold, scries A
1908 llS^i 120
Gold 48
76
Ches. O. A 80. West.— 2d, 6a.. 1911
77'4
Pitts. Y. A Ash.— 1st, .5s
1952 102
1927
"97'
Sprlngf. DIv.- Coup. 68.. ..1898*11218
'iProsc't A Ariz. Cent. 1st, 68,g. 1916
Chicago A Alton— 1st, 7s
1893 lOSial
"
Sllddle Div.— Rog.,
...1921'115
Sinking fund, 6a
2d income, 68
1903 123 125>a
1916
35
C. St. L. AN. O.-Teii. I., 78.1897 *116
Louis. A Mo. Elver- 1st, 7s.l900 "US'-!,
120
Rich. A Danv.— Debenture 68.1927
:i03»«
lat, consol., 7a
2d, 7s
120
Atl. A Char.— lat, pref., 78. 1897|
1900 118
1897;
2d, 68
St. L. Jacks. A Chic— lat,78.1894 113%
1907*119
RIch.A W.P.Tor.- Con.c.f.,58.1914l 84ia 85<a
Gold, 5s, coupon
Ist, guar. (564), 78
R.W.AO.— No. AM.latg.gii.5s.l916
1894 113%
195lf 11814!
2d mort. (360), 7a
Memp DIv., Istg. 48
'101ia'!Rome W.AOg.Term.— l8lg.58,1918
1898 115
19511
Dub. AS.
2d, guar. (188), 7a
iSt. Jos. A Gr. Is.— 2d Inc
1898 *115
2d Div.. 78... 1894
1925
Mias.K. Bridge- 1st, s. f., 6a.l912 IO7I4I
Ced. Falls A Minn,— lat. 78.. 1907' 71
Kan. C. A Omaha— 1st, 5s.. 1927 1'
M
Chic. Burl. A Nor.— Deb. (5s. .1896
Ind.Bloom.AW.— Ist, pi-e(.78.1900
St. L. AL A T. H.—DIv. bonds 1894
Chic. Burling. A Q.-5», s. f..l901
Ohio Ind. A W.— lal pr...5s.. 1938' 95
Bellcv. ASo. lU.- 1st, 88... 1896
40*
Iowa Div.— Sink, fund, 5a.. 1919
Ohio Ind. A West.— Jil, 58. .1938
38
Bellev. A C:ar.— 1st, 6a
1923
Sinking fund, 4s
I.B.AW.,con. inc. Trust receipts.'
98
Chi.St,L.APad.— lst,gd.g.5s 1917
1919
20
Plain, 43
9312 9414 Ind. D. A Spr.-lst 7.S, ex. 00.1906
St. Louis So.— 1st, gd. g 48.1931
951* 961a
1921
CUc.Mil. A St. P.— Ist, 8s,P.D.1898 125
Ind. Dec. A West.— .M. 5a
126
Car. AShawt.— Istg. 4s.... 1932
....
19471
2d, 7 3-108, P. D
2dM.,iuc.53
1898 116 120
1948!
!36 St. Louis A Chic— 1st, con. 6s. 1927
1st, 7a, ijg., R. D
llowaCentral— lsfgcild,58....1938 *
1902 127
86
St. L. A L M.— Ark. Br.,lst,78.1895
Ist, La Crosse Division, 7s. 1893 Illi2'll4
Kan. C.Wy.an.AN.W,— lat,58.1938
St. Louis A San Francisco—
Ist, I. A M., 7b
Ist, 6a, P. C. A
1897 118 122 :,Kings Co. Elov.-8er.A,lat .581925 104 IIO4I3'
1919
Ist, I. A D.. 78
Lake Shore A Mich 80.
1899 119
E(iuipmcnt, 7a
1 895
1st, C.AM., 7s
Clevc. P. A A.— 7s
1903 126 |i;;8
Ist, trust, gold, ,5s
1892 •111
19871
Ist, I. A D. Extension, 78... 1908 I2412
Buff. A Er.— New boiidit, 78.1898' 122 isl,
Kan. City A 8.— 1st, 6s, g.l916
1st, Southwest Div., 68
Kal. A W. Pigeon— l.st, 78.. .1890 lOlis
1909 117ia
Ft. S. A V. B. Bg.— lat, 68.1910
1st. La C. A Dav., 5s
Det. M. AT.— Ist, 7s
1919 "104
St. L. K. A So. Wn.— lat, 6.S.1916
1906 '131
lat, U. A D., 78
Lake Shore— Div. bonds, 78.1899 *125
Kansas Mld'd.- 1st, g. 48.1937;
1910 125
1st, H. A D., ija
Mahon'g Coal RR.— lat, 58.1934! 110
1910 104
St. Paul A Duliith— 1st, 58... .19311*110
Chicago A Paclflc Div., 68..1910! 117 JII8I2 Litchf. Car.AWeat.— Iat68. g.l916
2il mortgage 5s
1917i*
IlOO
Chic. A Mo. Rlv. Div., 58.. .1926 10414 1041a Louglsland- 1st, 78
'123
St. Paul Minn A M.— l.st, 78. .1909 114
1898 '
Miner.al Point Div. 58
N.Y.AB'wayB.— lat. g. 58.1927*107%'
1909*121
1910 'loi^'
2dmort.,6s
C. A L. Sup. Div., 5s
2dmortg., inc
1921 *103
Minneap. Union— lat, 6s
1927
1922
Fargo A South., 68, Assn. ..1924
N. Y. A M. Beach— lat, 78..1897 *110 ,113
Mont. Cen.— 1st, guar., 6s.. 19.37: '114ia;
Inc. conv. sink, fund, 5a
N. Y. B. AM. B.— lat, g., 58.1935!
1916
East. Minn., Ist div. 1st 58.1908!
Dakota A Gt. South., .5s.... 1916:
Brooklyn & Mont.— l.st, 68. .1911
'.'XioiH
San Ant. A Arans.- lst,6s,'85-1916 80 ......
ChicAN.W— E.acAL.S.- lst,68.1901 111
lat, 5a
.1911'
1926' 82
1st, 6s, 1886
DCS M. A Minn.— 1st, 7s.... 1907
SmithtownAPt.Jeff.— lst,7Bl901
San Fran. A.N. P.— 1st, g., .5s.l919 lOO^g ioo%
Iowa Midland— Ist, 88
Loul8.ANa.sh.— Cecil. Br., 78 .1907 106
1900
Savan.AWest.-lst con. g.,58, 1929 103 |i05
Peninsula— 1st, conv.. 7s... 1898
N. O. A M.— lat, 6s
1930 115
:'8oloto Val.— 1st, cons.,78
19IO1
Chic. A Milwaukee— 1st, 7s. 1898
N. O. A M. -2d, 63
123
1930*105
Coupons off
80
Will. A St. P.— 2d, 7s
1907'
llOig'
Pensacola Division. 68
1920
'SodusBav A So.— 1st, 5s, g...l924'''
!l07ifl
Mil. A Mad.— 1st, 6s
St. Louis Division, let, 68... 1921 123
1905 II914'
97
80. Pac, Cal.— Ist con. Ss ....19381
X)tt. C. F. A St. P.— lat, 53. .1909 *108ia
2d,3s
1980 6514
ITexas Central— 1st, s. f., 78... 1909* 4919 53
Northern lil.—lst. 5s
lOlO'loria
Na3bv. A Decatur— l3t, 7s. .1900 *121 |123
1911*4914 53
Ist mortgage, 78
Chicago Rock Island A Paciflc—
..'....'
8. AN. Ala.— S. f., (is
Texas A New Orleans— lst,7s. 1905
1910
Dea Moines A Ft. D.— 1st, 4s.l905 * 85
Pens. A At.— lat, 6a, gold. ..1921 IOII2 IO212
89ifl
1912l*103i2!
Sabine Division, lat, 6a
1st, 21.2a
Naah. Flor. A 8. lat gu. 53.,1937
1905
97'9 Tex. A Pac. E. Div.— 1st, 68.1905 107i2
Extension, la
83
'iLouisv. Southeni latg. 68...1917i
1905
97
9714 Tol. A. A. A Cad.— Os
1917' IO512 HO
Keokuk A Des M.— 1st, 5s.. 1923 105%'
Lou. N. O. A Tex.— lat. 48.... 1934
Tol. A. A. A Mt. PI.— 68
91%
1919!
Cliic. A St. Louts— 1st, 68
1915'
'122
2d mort., 58
Union Paciflc— 1st, 6s
1934! 40 |.
1896
Chic. 8t. P. A Kan. City— 5s..l9:j6l
IJLoulsv. St.L.ATcx.— lat g. 68.1917
1st, 6s
1897
Minn. AN. W.— Ist, g., 5s.. 1934
[Mexican National— l.st, g., 68. 1927^ 101
Ist 68
1898
Chlc.St. P.AMiim.— lst,68...1918 127
2d, income, 6s, "A"....
Collateral' Triist, 'ek'.'.'.'.'.'.'.'.'. 1908
1917
61 Hi
No. Wisconsin— 1st, 6s
19.30
2d, income, 6s, "B"
19171
Collateral Trust, 5s
1907
18
St. Paul AS.
l.st, 6»
19191 126
Michigan Central— 63
18951*103
1909
C. Br. U. P.— F. c, 7s
Chic. A W. Ind.— 1st, s. f., 6s.l919 *115
Coupon, 5s
Atch. Col. A Pac— 1st, Os.. .19051 93i2
1931
General mortgage,
jage, 6s
1932*118
Jack. Lan. A Sag.— 6s
189li
Atch. J. Co. A W.— 1st, 6s. 1905
an. Ham. A D.— Con. s. f., 78.1905 127
Milw.L.S.AW.— Ext. A Imp., 5s. "29 102 103
Utah Southern- Gen.,78,..1909
2d. gold, 412S
1937,*
100 12
Michigan Divl.sion, 1st, 68.. 1924 115
Exten., 1st, 7s
1909
Cin. I. St. L.A Chic— lst,g.,4s.l936 101
Ashland Diviaian— lat, 6s -.1925 11713'
104
U. P. Lin. A Col.— 1st, g., 53.1918
Consol., (5s
1920
Incomes
'IO6I4
Utah A Northern— Qcn., 58.1926
Cin. Jack. A Mac— 1st, g., .53.1936'
Mlnn.ASt.L.—I'a Ex., lat, 78.19091 85
Valley R'y Co. of O.— Con. 0s.l921|*
1102%
CI.C0I. Cin. A Ind.— lat, 7s,s.f.l899 121 I123I2
2d mortg., 7s
Wab.St.L.AP.— Dct.Dlv.,6s,Tr.r60.
1891' 52
Consol. sink, fund, 7a
1914
Southwest E.xt.— 1st, 78
Equipment bonds
1883
19101 76I3.
Clevc A Mah. V.— Gold, 5a... 1938! 107
8213'.
Paciflc Ext.— lat, 68
(Duin. & Tol.— 1st, 78,Trust rec.
1921
Colorado MidLind— lat, g., 68.1936 100
Impr. A equipment, Oa
Han. A Naples— 1st, 7s, Tr. rec ..
19221
Columbia A Green.— Ist, 63.. 19161 102
Minn. A Pac— Ist mortg., 58.1936!
III. A 80. la.— lat, ex., 6s,Tr.rec
2d, 6s
192g1 75
Minn.S. 8te. M. A Atl.— lat, 58.1926'
St.L.K.C.AN.— R.E.ARR.7S.1895
Col. A Cin. Midland— 1st, 6s. 1914'
89
93 13 Missouri Pacitlc— Trust,g.,5s.l917
St.CharlesBr'ge- l8t,6a...l90S
99^8
99
Del. Lack. AW.— Convert. 7s,1892 '109
Mobile A Ohio-lat est., 6s... 1927 107
No. Missouri— 1st, 78
18951 II419 114%
Mortgage7s
1907 135 1140
1st pref. debenturca
Warren A Frank.— Ist, 78
1896
Syra. Bing^AN.Y.— 1st, 78.1906 135% 140
St. L. A Cairo— is, guar
West. Va. C. A Pitts.— Ist, 68.1911
1931
74
79
Morris A Essex- 1st, 7a....l914 146I2 149
Morgan's La. AT.— 1st, 6e.... 1920
94
Wlscon. Cent Co.-l8tg. 58.. .1937
2d, 7a
1H91 105%
106
Ist, 78
Income 5s
1937 54H
1918 126
Bonds. 78 ...;:::. ;;;;;:;;.i966:*i23':r.".T.. 'Na8hy(5hat.'A8t.'L.— 2d,'68!;i9oiti*iio>3
iTIlAoellaiieons Bonds.
7sof 1871
1901
New Orleans A Gulf— Ist, 6s .1926
Am. Water W. Co.— Ist 68. .. 1907 *109 ill
Ist, con., guar., 78
1915' 143 !....
1907* 99% IOOI4
;N. O. A. No. E.— Pr. 1., g., (is.. 1915!
Ist con., gold, 5s
Del. A Hud. Cfanal— l8t, 78...1891' 104% 105
In. J. Junction— Guar. 1st, 48.19861*104
94% 9514
Boston Un. (ias-Tr. cer. 5s. .1939
1st, extension, 73
1891' ..
In. Y. N. H. AIL— 1st, reg. 48.1903 110i4llO% Cahaba Coal .Min.— 1st g. 7a.. 1907
"' 4s
CoupiHi, 78
93is
1894 '116%
N. Y. A Northeru— 2d,
1927
60
Coal AI.—68,g.. 1917
Col.
Hock.
A
Pa. Div., coup., 7s
1917 147
103
1905,
N. Y. Susq. A West.- Deb. 68.1897
Equitable G. A F.— Ist 63
Albany A Susq.— Ist, gu.,7s.l906 '136 '....
2d, 413S
1937 81
82 hHackcnsack Water— Ist. 58.. 1926
1st, cons., guar., 68
19O61 125%
N. y: Tcx. AMcx.- 1st, 43....1912
.'Hendenson Bridge— Ist g. 68.1931 110
Eens. A Bar.— lat, coup., 78.1921'
66
1901
152
Northern Pac— Divid. scrip ext... 10314'
Iron Steamboat Co.— 6s
Denv. A R. G.— Imp.,g., .5s... 1928
84
85
James Kivcr Val.— 1st, 6a.. .1936 107
'People's ({aa A Coke > 1st g.6s,1904
DiU. 80. Sh. A Atl.- Gold 5s.. 1937
94I2 95
63,1904
2d
Spokane A Pal.— Ist, 6s
Chicago
--„
193(i
Co.,
s
_„
_
j[.
,
lOS'a'
„
E. Tcnn. Va. A Ga.— 1st, 78... 1900 124ial26ia( St. Paul A N. P.-Gen., 68..1923 120
'IO214
:|Phlladelphia Co.— 1st s. f. 68.1898
Divisional ,58
19301*110
HclenaARcdM'n—lst,g., 68.1937!
|118
^103
West. Union Tcl.—Coup. 7s... 190C*
Ist ex t..gold, 5a
I937!
DuluthAManitoba— l8t,g.68l936l IIII2'
Whitebr'st Fuel- Gen. 3.f. 68,19081 104
Kailrotui
BoikIs.
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No
price Friday; these are the lateat quotations
made
this
week
I
' '
.
THE CHRONICLE.
170
for the week endinK Aug.
omit two ciphers (00) in all ca^es.
Naw Tork CUT Bank SUtement
8.1W9. towfouJwi.
Vr*
C»fU»L aurtHf-
BAMK*..,
i-f^-
iMiu
anti*.
12,890,0
9.3.M,0
7,680,0
9.277,0
11,549.4
4.328.0
9,056.3
8.149.2
99,3*7.7
3.66S.4
6.368,2
2,020,0
1,363,0
1.561.8
1,843.0
1.815.2
463.0
2,047.0
SECURITIES.
j,Oon:
York.,
MsBhttiu Co
MtRbaaU'
t.v.
8.1 •
I.''-
1.1"
1.1"
Kzeb'ara
If anhul*'
- •iMUIeaal.....
i>
*
DroT«n'
BWKb
W
«r MmDatact'n.
U> NtUuiial
fc
>»
*
N«w
!•(
1.91)8,1
iM)U,U|
1,900,0
•,000,0
6,000,0
1.000,0
1,000,0
422,7
l.MIO.O
Vorll...
rtwB KxohuxO"
at-:::::::::
1,488.(1
8,966,0
17.356.0
17.373,3
6,»64,K
8,ie8.&
2.824.0
11,815,6
6,363.6
2.353.8
4.342.0
14.901,8
2. 947.0
3,0u7'4
2.803.0
4.140.9
3,009.6
3,lh6,0
7.439.1
4,756,1
2.120.1
21.652,7
8,118,1
1,833, l>
743,0
83^.2
838.2
684,3
260,3
4)>1,6
1.202,6
368.8
874.0
1,000,0
M0,0
Irrto*
OttlmMt'
t>9,l
472,4
l,66i,(>
450,0
200,0
700,0
[«ttkAmarus*_..
3,860,0
1,415,3
8,466,7
213.7
100,9
626,1
900.0
900,0
600,0
SOO.O
I'ATrater*
600,0
IM.T
400.0
.......
llKMAIl...
6H.S.1
760,0
UMtkat A FaltoB
207.tf
600,0
HUholw.
•t.
320.3
600,0
LMIIier
1,000.0 1.116,2
Oara KxcIimkc
2-|9.0
1,000,0
Qaathienul.
S7B.0
300,0
OrtmiUL
iBDOTMn' A Tnwtan 1.600,0 4.2«2,1>
a,uoo,o 2,04 ;<.J
r»rk
U7,6
240,0
Iforth RlT«r
121.0
260,0
Xut RITtr
8,200,0 1,336,4
JtavUi NailoDftl
607,3
3,000,0
Osatnl NatlKU*!
223.2
800,0
Saoond NaiiouiU
281,8
760,0
ninth Nallonal
600,0 6,167,1
Wlnl Nationftl
218,2
1,000,0
Third Natlouat
132,0
800,0
H. V. Nal'l KxobBii(a
807,6
360,0
Bowarr
167,0
200,0
Haw York Cotinif...
310.U
760,0
Garman-Aniarlcan...
679,7
600,0
C^aaa National
731,3
lOO.C
Witlii Avaona
380.0
300,0
Samiui Kxohanca..
361,6
200,0
O ei anla.
617.7
600,0
TToHed BUtaa
234,3
SOO.O
laoreoln
380.7
200.0
Qartald
358,3
150,0
VUth KatloDal
474,4
300,0
Xaak of tba Matjop.
231,6
200,0
'Waattilda.
127.6
600,0
•board
82.6
200,0
Ixib National
321,6
National.... 8,600.0
bM*
633,0
929,8
377.0
2,195.0
194.6
9«2,8
614,7
94,5
426,0
88,5
256,K
189,ft
660,3
69,5,0
396.0
149,1)
1,460,11
1,.132.1
9H4.3
112,0
866,6
366,6
26,3
320,7
230,1
180,6
334,7
201,0
076,0
232,7
1,810,9
18.1,2
163,9
1,668.3
637.4
660.3
395.0
906,8
4S4,0
490,0
297.8
1,804,2
11.2oS,9
l,50a.'2
3.226,0
16.100,0
12,463.2
233,9
451,7
9:1,6
801,3
353.3
334.8
171.0
186,1
346,0
298,0
802,8
357.2
1,785,4
2,692,3
110,5
97,8
2,885,6
1,306.0
253.0
501.0
2,3.W,6
513,7
115,4
216,0
94,5
1,432,3
3,423,6
1,518,7
3,18.S,0
35,7
407,!"
462,0
932.0
1,252,6
2,80o,3
37,805,0
4.129,1
4,411,0
1,987,1
3,127,0
1,316,4
2.884.5
214,2
2.411,0
2,t51,7
279.3
963,6
357,8
570,4
194,8
4,051,1
3,933,5
99,2
331,7
2,161,3
3,154.5
1,675,6
4,179,1
2,029,0
10,188..')
6.^7.2
923,0
807,4
3.0i>0,8
Waaum
703.0
1,104.0
9,340,0
833,0
718.4
478.9
112.0
128.0
811,6
355,2
367,8
2,3s2,6
1,165.8
837,5
1,688,9
501,4
2,688,7
1,00Z.3
380,9
808,8
4,286.3
450.2
853.8
209.0
1,150,2
20o,3
650,0
3,094,0
1.335.6
19,672.3
8.339,0
4,073,0
5,294,0
32.742.9
7,357.1
1,515,9
3.254.4
2,635,5
2,868,2
9,402,1
4,036.3
2,883,8
2.449,1
4,749,7
*
13,350,0
9,019,0
8,612.8
7.852,0
11,379,2
3,677.0
1,720.0
417.8
2i,041>.2
m
4,720,.5
9,I3;,9
3,180,6
12,732,7
6,692,1
3,()6«,:<
4,769,0
16,922.2
2,l'9;i,0
3.073,7
3,22:-,9
4,618..i
1,831,6
3,838.0
6,934,5
6,634.4
2,100,1
22,883.8
25.176,2
2,339.4
1,64>^,»
20,43.-,,2
8,600,0
4,904,0
6,193,1
22.676,2
8,143.11
1,40S,0
2,68e,0
3,i27..o
2,589,9
11,194,3
4,282,8
8,489,4
2,8,')
1,7
5,611,0
3,050,.)
3,629,9
1,898,7
4,928,6
2,108,0
4,160,0
2,105,8
10,866,4
60.762.7 84.630.1 «13.021,6 73,160,8 43.678.2 431.491.3
Total.
Au'i-Jui.
I
SptcU.
Loana.
LfQalt. \Dej>oMt.'\Ci'rVn Clearingt.
N. Vark.'
Joly 6... 113,856,2 423,40.5,0 73,155,3 43,.il2,l'443,797,5!3,953,5 702,883,1
"
13.... 115,856,2 120,889,7.74.241.3 4.1,376,1:443,949.2 3,933,6 7('2,P35,0
20.... 115.S56.2 419.356,4 74,3.57,2|1 3,532,7 1442,620,3 '3,927,1 681,13-1,0
27..., 115,392,8 416.761.3 72.239.2 44,176,3, 437,H01,7 3,940,6 571,729,4
3..
115,392,8 413,024,6,73,160,8 43,678,2,434,491,3 3,912,0 557,639,6
•'
Ang.
Baafon.'
July
1
6.\l2r>,3 156,919,3 10,710,5
6,1,125.3 138.4.1!).- 10,116,7
65, 125.,f 137,446,0 9,854,7
20...,
27...,
••
AllK.
3...,
Vhtln,*
July 20...,
S4.7f7 3 101,871,0
"
27....
Anir <...
26,583,0
26,641,0
26,441.0
31,7^7,3 101.695.0
(1,747 X |I11,H7« 01
*)urM.
f "7L"
flwpbia.
tba Item"Jl"'""
due to ""J""'
other b»nlc§."
f
...i
6,185,6 140,522,
4,821.6 138,376,
4,777,3 136,246,
i!""
2,640,3
2,539,3
2,538,1
94,523.7
102,129,
101.451,
2,133,0
2,135,0
70,870.7
101.382
2.1:(2.0
67.162,2
80,316,6
65,r.70,8
tlnclading, ror Boston and Phlla-
Bank Stock List— Latest prices
BA.NhS
89.654.,7
Bld.;A8k,|
this
week.
BANKS.
Bid
Ask.
Bid.
SECURITIES.
Ask.
BOI*TON.
RAII.UOAI1 STOCKS, t
Prefer*
37
Boston
&
-Vlbany
217
Boi^tun
iV
Lowell
161
Main,'
201
257
B'^rtton it
&
Boston
Providence
Oalllornia Southern
Central of Massachusetts
Preferred
4
30
Pref ened
Kan.
& Mom.
Scott
C. Ft.
&
Lake Cham.
iWh
AUegb. Val.— 7 3.108,'96.
Inc. 73, end. Coup., '94..
iBells Gap— Ist JL, e»....
112
Ami).— M.
102
Cam.
A
CatawlBsii-M.
66
48 >9
35
33"(
6»,'89..
i'o'2'ii
12015
7s, 1900...
Cliartiers— 1st mort,. 7s..
Clearlicld & Jefl'.- Ist, Os.
lt,'onnecting 6s
116
115
—
130»s 136
Del.AHd.U,-l,st,78, 1905.
117
120
1181*
1021a 103'
llOia
1391a
Cons. 6s, C. & R., 1923..' I38I4 ISSi*
North Penu.— 1st M., 78.1 117'.jll9
General mort. 78, 1903. l'-'8 '1291«
N.Y.Phil.<SkNorf-l8t,68' llO^i'lll
Incoii-e.
BUNDS.
* Topeka— Ist, 78.
115><
I
41.23, Tni.st Luau
Perkiomen— Istse.
76
66
76
64
Collai. Trust, 58
Plain, 5s
6rt
.
50
53
23=4 Penn.— Gcn.68, coup.1910
1283*
60
Cons. Os, coup., 1903 ... 122^4
Cons., 5s, coup., 1919...1 114
Preferred
2d series
5s,
|
108
]
103
58, 'IS
1918
105
"91" Penn.AN.Y.Can.-7s,"96 il7ia 118>a
Phlla. <t Erie—con. 68...1 II5I4
Mortgage, 5s
Non exempt,
48
177 15
"23^
Wisconsin Central
&
233Hl 2'34"
RAILROAD BONDS.
6
Trust,
Bail. & Mo. R. in
Exempt, 68
64«
iWectJeisevifi Atlantic
126
Ports..
Summit Branch
Vermont it Mas.s
Atch.
70
72
54 ><
62
Eastou A Amboy,— M. 58.
Elmira * Wilni.-lst, 6s..
Hail is. P. M't J.&L.—48
Hunt'ndt B. T.— l8t,78..
1478 I5I8
2d mortg., 78..
121
Consol. M.,68
156' 151
Leh.V.-lst. 08.C.AH.,'98
175
'.id, 78, leg., 1910
Northern
Norwich & Worcester...
&
71',
Vi2
213
.Mexican Central
N. Y.
New Eug., pref.
Portland Saco
53I9
69 »,
28
Lewlston
"Vo'
35
Maine Central
Maucbi Bter A Lawrence.
Oeilcnsb. €fc
uid Colou.v
&
iWeslJersey
70
25
93
75
50
74-
Preferred
5336
itrie
litJnitedCo'sof N. J
101
135
go'
K. C. Memph. <fe Binn....
Louisville Evans, it St. L.
Ihunbury
6H.
133
69
Flint* Pere Marquette..
;l*hil. It
4919,
25
Concord
Connecticut A Passump.. ill"
C.unecticut River
100
Kastem
Fitcbburjr, pref
217t
33
C
24
Preferred
45>.i
PennsyUania
&
& Canton
eii
iNortbern I'cntral
iNorili Pennsylvania
17
Preferred.
17'4
JNesunehoning Valley
259
Ask
Bid.
Broad Top
S7>8 I.ehiiih Vallev
21711, Little Scbtiyl'klll
162
iMiuehlll & s. Haven
"li'
Cblc. Burl.
Nortb'n....
Chic.
West. Mich
Cleveland
&
Huntington
Topcka
Atc-hi.soii tt
Neb.—
General mortg. 48
&
'.id,
100
Income, 69
35
{
'
Read,— l>t, 6s
R., 1893....
78, C.
Cons., 7s, coup., 1911...
Cons., 6s, g., I.R.C.1911
Imp., 6s, g,, coup., 1897.
Philadcl.
He'll
68...
Land grant, 7s
California South.— 1st, 6s.
&
10314 103 1«
123
114
135
121
113
105
"a'oia
88
Vermont^5s..
Cons. 5s., 1st set'., 1922. 101% 10ia«
Kastera.Mass.- Os, new.. 125
Deferred incomes, coup
15
13
K. C. Ft. Scott c6 Mem., 6s' lli\ US'* Phil.W. <fc Bait.— Tr. c.,4s
102
K.C. Ft. Scott* Glf.— 7s 117'a
Pitts. Cin. A St. L.-78,cp. ii'f"'
Kana. City Law.* 80.— 68 8100
SchuyL R. E. 8.— let, 58.. 104'i 105
Consol. of
K.C.
Memph.
<fc
Binn— 58|
Steuben. A luit.lst m, 5s,
United N. J.— G. 68, 1908
99
Kan. Cit.8t.Jo.<iC.B.— 7s
K. City Su'd& Memp.— Os
"
K. City Clin. & Spr'd, 5s{
Little R. & Ft. Sm
78...
Louisv.Ev.ASt.L.- 1st, 68
2d mort., 2.6s
Mar. H. & Ont.— 1925,
1923, 68
Mexican Cen
BiKU.
"
Qaotations in Boston, Philadelphia and Baltimore.
Following are quotations of active stocks and bonds, A ful*
list is given in the Chronicle the third Saturday of each month
Dttx»*i*
•
t
BaakorNtw
[Vol. XLIX,
Warren A Frank.— Ist, 78
West Jersey — Ist M., 78.. 123
loo's
105
110
63
Pittsburg Br.. 68
KAl.TI.MORE.
6s.
ibs'
661^
29 "s
17
—48., 1911..
log's
W. Jersey A Atl.— 1st, 68 103
West Penn.- 6a, 1893 ....
i09'>i
108
RAILROAD STOCKSt
A Obic
Baltimore
90
61
l8t pref
_„.. 120
2d pref
105
Central Ohio
&
4694
119 1191a'
Preferred
Istmort., 63
} 50
«109>« 110
Cbarl. Col. * Augusta.... i 43
2rt moit., 63
Ogrtens. & L. C— Cons., 68 5 ... 104
iWestern Marylaud
lOO^
Kutland-5s
HAILROAD BONDS.
Southern Kansas— 5s
86
87 Hil Atlanta A Char.— 1st, 78.
73
Texas Division— OS
i
Income, 6s
104
iBalt. A Ohlo-4a, 1935... 101>l
Incomes
i 75
9514 96' CapeFearA yaa.--l8t,68 i
Wiscon. Cent.~lst M,, 08
53
55
Cent. Ohio-68, 1890
Income, Ss
103 14
Char. Col.A Aug.— l8t,78 110
Cin. Wash. A Bait.— lata. 100
PHILADELPHIA.
2il, 6s
RAILRO.\D STOCKS!
53
44
Bell's Gap
3d 3s
271.2
Camden & Atlantic, pref. 36
ist Inc., 5s, 1931
10
5614
Kast Pennsylvania
Seab'dARo'u'ke— 68, 1928 105
West. Md., 3d guar., 68 5118
Elmira & Williamsport...
Preferred
Wil. C(>LAAng.,6s,1910. 118
i Last price this week.
t Per share.
1st con. inc., 3s, 193*»...,
2d con. inc, 33,1939....
N. Y.
N. Eng.— 1st, 78.
057,
30
18
129
1
12
I
121
105 19
|
102
loe
i'l'o'ii
28
10'4
N. Y. and Brooklyn (ins Scciirlties— Brokers' Quotations.
I
America
loo
Ani. Kxcb... 151
Garlielil
Asbuiy Park
Bowery ...
OeniiiiE El. 270
'270
Geniraiita
Greeiiwlclu. 'no
Jlroariway
Butrha'dt I.
Central
Cha>i'
<'lialli^iiu..
<'Il.
I4OCO
IliKul
Cit)
t5t;o
C."
'-\
!l03
ii.\
29'1
115
540
175
230
197
!
|l50
N. America.. 1180
North Kiver.|l45
Oriental
210
1
People's
Pbcuix
,tTr»'.|200
1
1:
Kiti
fi,. I
M'M
205
165
hUEx
,
,\
V,..,
..
M'!:..l".lis
Ml, \l,,n1«
"
lit'
135,
N
.N'lnvYork... 212
1
L
.;,yHUl.!l75
K..,i
248
1
,
I
Istmort., 7», 1803...
SECURITIES.
Exchange— Unlisted
105
150
110
62
165
1C9
iio"
'99"'
106
165
103
'240
102
226
log
Bid.
75
Ask.
1
78
1
'120
,11a
118
los
89
vli'iW
100
120
110
1103
.122
1112
I
'Mlchlgin A Ohio'
IMt. Des.& East Sli. Ld.Co.
,Ne'.vb. Dutcli.A Couu
A
A
Pike's P'k. Ist 6s
.\tob.
Char. Air
Atl.
1st, 7s, 1907
Line
N.J. Southern
N. O. Pac. Laid Grant...
Newp. N. A Miss. Vai
N. Y. V.-.S.A Bati
N. Y. A Green'd Lake, lat
2rt mort
N.Y. Loan A Imtir
EleVd- stock..
California Pacific
1st mort., 41.J3
2d mort.. guar
Atl.— Beneficiary.
Ohio.
Cincinnati A Spriiigf
M.- Cen. D.lst.
C.V. W.
ioi
107
173
106
260
104
230
Ul)
A
Pref
Gdorgia
A Imp..
A At.— stk.
Pac— Stock
12i.j'113
ist 68
ConsoL 53
Income 5s
Kanawha
Ist prof
2d pref
A
._
Bid. Ask.
1
1
17
22
18
«'4
10
-
L,N. A.AC.— O.A I.Dir,,68
Memphis A Cha'st. consols
Mex. Nat.ConBlrnct'n Co.
40
50
82 '4I 82"
North ftiv.Cons. C ^.scrir.
"4
(i.I.AW.— l.st ace.iut.cert. .iSS ...a.*
2d occ. int. cert
23
Ocean .SS. Co. 1st, guar 102 104
iPensaoola A AtUmtic.
Postal Telegrjpli- Cable.
Louis A Ch.eago
Prof
iSt. Paul E. A Or.Tr.. lat 61.
3!>4
cioi.o Val. is;. 7«,Tr. roe.
'Jd, 7a, Tni.-.t receipts...
Toledo Peoria A West..
Utah Coutial.— lat 63
Wal)asli-.\i-w
New 'Jil. 5s
1
t,
5s
West. N. Car.— Con.68....
»
35
4
2»
I
IstOs
Keely Motor
Lehigli A Wilkes. Coal...
Little Hoc'.! A Ft. Smith..
H
>v
19
20 1«
2
35
St.
Ohio
6^
211
N. Pac. P. dOreille Liv..
Mia.ouii mvis 01
Coctiuental Can.
Dul. S. shore
Securities,
SECURITIES.
Bid. Ask.
Am. Bank Note Co
A
lat niurt., 7.-. 1893
|ii6"
42il St. .Maiih.Jt St.N.Ave.
38
40
l»tuioit., 6a, 1910
116 116"a
'-Mraort., iuei>Hie,6a
59
Hon«t,W.St.JiiM.'y_stk.
Istmort, 7», 18u4
Ninth Ave-...
Second
w^ ...... ,n.o.
Ave.— OMJrK......
Stock
1st mort., 58. 1910
Sixth Ave.— stock
'
Isf mort., 78, 1890
Third Ave.-stock...
Bonds. 7a. 1890
Twenty.thlrd Sf.-Stocic"
Torlc Stock
Brunswick Co
I
I'M
200
160
Brooklyn
irScrip. 6», 1914
,105
42.1 & tir'nd St. F'ry-Stk.
GAS COMPANIES.
1
1
New
Side..
City Railroad Secarltlcs— Brokers'
(quotations.
U. D KB. &B. -Scrip 63. lot
;i«bth Av.— Stock.
143
I
118
Western
Weot
1.18
I
146
via
iin
130
Thinl
Tradeamen'e,
United St'ea.
350
..175
Oaiijiliit...
1;
Nicholas.
Slate of N.Y.
St.
120
.M< !!(>jn)litim
..
Republic
1173
Seaboard. ...ilS5
Stcoml
323
'Seventh
lluO
Shoe&i.eath. 160
Sixth
200
iitfi'
1210
,U41
ProiUice Ex. 113
105
175
tile...
240
Parle
Ask.
Bid.
107 >, 1081.J People's Brooklyn'
Citizens' Gas-Light
70
Williani.^burg
67
101)
103
Bond.*, Cs
Bonds, 5s
Consolidated Gas
86 Hi 87
Melropoiltan (Brooklyn)..
Jersey City A Hoboken,. no
'Mrinlcipal— Buuds, 78
Metropolitan— Bonds
116
I26" Fulton Municipal
.Mutual (N. Y.)
loa 104
100
102
Eiiuitable
111
Nassau (Brooklj-n)
'
Bonds, 68
Scrip
100 iu2
G;* s-Ligbt
1
i)65
Paciac
Market* Ful 200
-nios'..
Brooklyn
Ninth
,220
(.Mudi.sojiSq..
Manliatliiu...
«.'oliuiil)ia.... l.',0
<"ori;iin.rr«
HaLover
Kiid Klver..
Im. A Trails'
IrrtuB
LfathCTllI»'
l.inrolli
170
<-*iti?.*-ns'
N.Y. County.
German Ara..l20
I
GAS COMPANIES.
4^
N.Y.NatEX. 127
400
i"02
101
113
......
S3
1314
_
ii'9
1110
.,
1021a 103
ig
8UI4
93
.
August
.
.
.
.
.
1
THE CnRONICLE.
10, 1889.J
171
Mamtnot
Latttt
Bo ASS.
%nvit$imtnt
Week or Mo
Grand Uinlds.—
A Or.Tr.[WkJuly27.
Uet.dr.H.A M. vvl,July27.
Chie.
Qou8.ATex.Ceii. June
Huinest'MAShirn July
Ul.Con. (111. ASo.,
June
The INTESTOKS' Supplement, a pamphlet of 150 pagtx,
Cedar F. A Min. July
i)ub. Aslo'xC.lJuno
tontains extended tables of the Funded Debt of States and
June
Iowa lines
Total all ....iJuly
Cities and of the Stocks and Bonds of Railroads and other
Ind.Oec..^.- West. June
Companies. It is published on the last Saturday of every Int. Ai;t. .\or...'July
Iowa Ciulral...! Ithwk J'ly
other month viz., January, March, May, July, Septem- KanawliaAiihici
Ithwk J'ly
without
extra
Men: l3d wkjuly
K.C.F.3.
furnished
and
is
charge
November,
ber and
Kan. C. CI. ASp. i3d wk July
Extra copies K.C.Meiu. A Bir. 3d wk July
to all regular subscribers of the Cikonicle.
K.C.Wy. AN.W ,July
arc sold to subscribers of the Chroniclk at 50 cents each, Kentucky
line
Cent
Keokuk A West Ithwk J'ly
and to others at $1 per copy.
Kliigsl'n A Pein Ithwk J'ly
The General Quotations of Stocks and Bonds, occupying Kno.w. A Ohio. May
ti» pages of the Chronicle, are now published on the L. Erie All. A So. July
4thwk J'ly
L. Erie A West
third Saturday of each month.
l.ohiuh A riud.. July
L. Rock it Mem 3d wk July
—
,*;
July
Loni; Island
La. A Mo. River. May
RAILROAD EARNINGS.
Ithwk
4thwk
Louls.Ev.ASt.L
IyOuis\'.A N'a.shv
Louis. N.
LateM Eamingi Beporlei.
KOAUS.
We€k or Mo
1889.
Jan.
1 to
1889.
1888.
Latest Date
A&Ch.
tth
1889.
1888.
1880.
i
«
«
74,191:
20,300
188.058
12,000
1,074,735
0,906
138,075
.
J'ly
J'ly
wk J'ly
Lomsv.N.O. AT. Ithwk
J'ly
Lou. St.r/.AL<tx. July
Loulsv. fiouth'n. July
142,'294
,
253.740
27,152
7,776
TS.l.-JO
3.06.'5
13,877
35,060
77,.507
8.485
5,966
41,893
4,465
75.100
28,350
9,159
29,461
491,345
68,960
54,203
1888.
«
!
53,991 1,920,2761 1,807,991
21,113
548,833
591,406
150,121 1,102,304
085,OUA
0,019
72.300!
80,193
003,757 (.6,406,7701 3,45 1, .594
40,983
8,480
1 16.023
_
1.50,687
1,188,341 1,039,849
23,764
27,087
444,117
32,052
. .
JaH.XtoLalM*tDmt$.
Reportett.
210.149
33,511
0,751
69,087
3,969
10,928
28,246
79,872
771.1 80I
814,262;
8,409,3731
169,185
1,777,716'
780,370
1.30,837
2,464,005
142,295
lo9,394
226,670
]4i,019
45.3,170
443.06'2
173,73g
0,420
38,132
177,811
110.667
238,888
.5.145
31,'2.50
60,951
1,3S7,'267
7,2'29
24,018
11.135
433,727
131,560
298.317
37.39<1
l,877.'i74
1.55,348
25,510
437,182
9,728,921
.50.934
l.'2«l.550
51,769
1,412,175
539,223
106.98.1
108,566
31.467
1,102,373
138,115
.368.913
1,848,202
172,338
526.052
9,060,375
1.204.897
1,260,466
26,.558
31,000
20,000
]0,'200
12,000
Maryland C<Mit April
40.206
36,879
*
33,440
30,126
Memphis & Chas 3d wk July
803,361
857.668
42,566
1 50,98
35,939 [Mexican Cent... Ithwk J'ly
189,253 3,608,208 3,396.739
Addison & Penu May
852,781
178,183 163,311
798,165 JMex. Nation.al July
293,292 171,753 2,1.30,319 1. 323.898
AllPKlieuy Val.. May
7,011
7,271
55,038
Aunisfon AAtl. July
75,886
51,919 tMexican R'way Wk July 27
70,508 2,467,248 2,288,413
8,591
63,622
Aunistoii & Cin. July
Mil.L.Sh.AWost istwk Auk
83,755
03,.5'2O 1,953,535 1,517.248
'9;813
11.100
65,89
Asli v.at f'partau July
(iO.l'ilJ
Milwaukee A No 4th wk J'ly
34,515
29,329
645,985
586.249
Atch. T. \- 8. Fc. 3a wk July 331,170 369,075 10,149,383
Mineral Ran«c.. July
9,920
0,433
61,443
52,521
1.-139
1,916
28,457
Bt.L.K.C.A-Cul. 3(1 wk Jiilv
Mlnneap.ASt.L. -Inly
119,700 109.034
707,477
743,944
50,(>4 4
56.042 1,754.614 1,374,046 M.St.P. AS.S.M. July
Gulf.Col.ArS.F. 3(1 wk July
116,705
84.333
749,2.50;
485,265
1 6,400
17,241
573,887
Calitor'a C'cut. 3d wk July
Mo. Kan. A Tex. July
620,134 509,990 3,767,435 3,417.433
ll,ti02
28,278
434,781
Califor'aSou.. 3d wkjuly
204,933 179,282 1,081,951 1,380,1.10
986,433 Mobile A Ohio.. July
444,402 501,522 13,759,220 12,791,910 Montana Union. May
Total system!. 3d wk July
61,033
67.228
279,930
299,318
98,1(18
85,038
607.217
512,2S7 Nash.Ch.ASt.L. June
Atlanta & Char May
259,175 228.181 1,664,9011 1,490,015
20,<il8
23,111
202.783
,ld
Atlanta A: W.rt. June
wk
2,410
82,356
191,722 Natchez Jac. AC.
J'ne
2.247
69.845
79,12r 1 ,574,037 1,563,334 New Brunswick.
63.385
Athuitie \- Pac. 4th wk J'ly
.,May
71,322
345.155
67,530
321,067
1,377,361 1,330,104 7,044,535 7,284,175 N. Jer.sev A N. Y. May
B.&O.Eis:L;uc* June
21,335
18,9.50
87,268
86,620
405,970 .172,385 2,300,148 2,'275,573 New Orl. & GulflJuly
Western Lines June
10,576
92,662
83.160
9,267
June
1,783,331 1,702,489 9,944,6 S3 9,559,753 N. Y. C. AH. R. Inly
Total
2.951,9192,850.191 19,7:12,061 1 9,472, 8'24
•122,195 133,889
787,423
Bait, i- Potomac June
2,311. 6042,232,194 12.190.5x2 12,310,611
745,431 N. Y. L. E. A W. Juno
""
•25,448
June
Beech Creek
67.050
358,158
433,3531 515.666] 2.3ti(i.(l(; 1 2, 124,2.59
474.301 N. Y. Pa. AOhio .May
55,868
.50,689 1,109,578 1,0.-)8.931
Buff.Roeh.i Pitt «h wk J'ly
N. Y. AN.EnfC.. June
479,830] 450,079 2,599.1 ox 2,;. 1,775
217,716 194,501 1,067,334 1,026,533 N. Y.&N'orth'n. July
Bur.C'.Rap.&No. May
-311.125
319,030
56,865]
53,959
13,124
12,195
325,145
Cairo V. & Chic. 4th wkj'ne
931„5'26
323,305 NY.Ont.&W.. Ithwk J'ly
66,5901
997,125
54,690
68,027
68,667
274,194
Camden & Atl.. Juno
253.01
116,180! 113,639
609,931
659,037
JN.Y. Sii.sq. A W. June
4-^,365
42,843
155,878
Caiada Atlantic April.
143,249 Nortolk A West. 4tUwk J'ly
81,997' 2,943,957 2,696..54S
96,369,
295, H41
Ca n adia u Paci tie 4 til w k J'ly 405.00.) 348,000 7,677.494 7.021.745 N'theast'n (S. C.) May
1^0.074!
51,002
298,760
*416,553l 551,2601 2,715,301 2.900,142
28,330
CpK'r&Yad. Val July
24,887
217,497
176,'J65
North'nCeutr.al.'June
"'
May
50.883
64,082
Cent. Br. U. P
276,074
357.9;!0 Northern Paciaci4th wk J'ly
091.2.)5
543,690 10,979,:t37 9,042,746
506,739 465,761 3,427,060 3,2i;9,(i99 Ohio lud. & W..i3d wk July
Ceu.KH.ABs.Co June
2x,H6[
743,414
771.639
25,974]
Centralof N. J Juno
1,190,930 1.074,180 6,040,400 5,7:)(;.017 Ohio A Miss
76.5'20 2,1.30,027] 2.010.109
4th wk J'ly
74.872!
l,288,4t-J 1,282,992 5,791,374 5,92-<.;i48 Ohio A Northw.. July
Central Paeiflc May
116,125
102,605
19,130
10,601),
Central of ti.C. May
44,518
5,836
6,318
233,770'
i4thwk J'ly
236,402
44,277 Ohio River
12,410]
10,338
Charh'st'n & Sav June
40,089
38,888
323,667
3-2,717
302,324
300,385 Ohio Southern.. July
277,7101
35,559t
Char.Col. Jc An?. July
71.550
67.595
485,096
73,632;
08.688
492,429 Ohio Val. of Ky. :4th wk J'ly
0,1.57)
4,535]
Chat.R'me&Col. May
93,310
32.5'20
132,293
102,309
Omaha A St. L. May.
2A429
41,263,
Cheraw. A- Darl May
4,818
33,908
4,768
301,5761 440,196 1,229,310 1,614,200
33,833 Oregon Imp. Co. April.
rfChes. & Ohio
July
586,306 412,326 3,172,621 2.871,497 Ores?. R. A N. Co. May
513,615 507.550' -2,125,179 2,262,181
Ches. O. & S. W. June
146,719 143,219
940.814
256,779' 241.333: 1,172,640
943,755
912.399 Oi'ox. Short I.iueiMay ...
Eliz.Lex.&B.S. June
56,391
77,207
391,047
•3931020 5,080.402 23,001,237 17,358,205
457. lU Pennsylvania ..June ..
Ches. A- Lenoir May
4,982
5,356
29,918
303,572
33,757 Peoria Dee. AEv. 4th wk J'ly;
17,869,
16,(!16:
391,011
Chie. A Atlantic. 4th wk J'lv
63,015
56,632 1,180.949 l,23><.13.i Petersburg
222,578
June
37,291
252,508
38,545)
Chic. Burl. A- No June.....".! 141,801
174.004
932,295
79.").:!(i2
Phila. A Erio...lJune
318,926' 431,172 1,960,733 1,898,174
Chie. Burl. & Q. June
2.109.207 1,953,934 1 ,962 777 9.97.1, !)(;6 Phila. ARead'K.'Jiiue
1,536,732 1.731,737)
Line* cunlr'l'd June
574,853 491,90(i 3,383,749 2,559.2(;3 Pittsb. A West'n June
536,276
679,509
all 4,790' 107,7301
Chie. A East. 111. 4th wk J'lv
58.7e5
55,531 1,420,235 ].431.:i59
216.451
40,120
213,391
Pitts.Clev.AT. June
39,971
Chio.Mil. A.St.P. 4thwkJ'ly| fi4.5,.50;)
593.733 13,085,913'l2,47s.ii.-).
101.306
Pitts. Pain. A F. June
142,163
28,890:
27,670
Chie. AN'thw'n. June
12,001,054 2,286,974 11,110,790 11,477, 121Total system 4th wk J'ly
59,7011 1,244,318 1.033,036
59,690)
Chic. A Oh. Riv. July.
4,910
19,X50
3.353
40. 09
25.7.'i5
1.55,105
137,350
Pt. Royal i Aus. May
18.451
Chie. Pe. A St. L. May. ..
28,016
117.1i;o
25,117
135.929
139,954
Pt.Roy.A W.Car. M.iy
161,75:1
17.873,
17,277
Chie.sr.P.AK.C. July....
268,037 186,270 1,560,147 l,13li,760 Prescott & Ariz June
43.959
65.397
10.397
7.491
Chie. St. P. M.AO. June
478,734 561,689 2,739,0:)
2,794, 2(;.'3 cR.A Dan. Sy.s'm 4th wk J'ly
229,656 19H,9.52 6,129.016 5,424.687
Chie. A W. .Mich, tth wk J'ly
35,298
132.2-25
31,11
780.696
146,365
791.927 Rich. A Petersh. June
23,742
23,4l;
Cin. Ga. A Ports. July
5,937
33,3 16
73-2,3 U
655,275
0,357
34,131
Rio Gr. West
3d wk July
30,650
2 1.375
Cin. Jack. A Mac 4th wk J'lv
17,03 4
16,800
277,7()">
320,747
Rome VV. A Ot;d. May
272.936 261.617 1,257,901 l,2O'2,041
Cin. N. O. A T. P. 3d wk July
629,X43
70,919
571,763
70,123 1,949,131 3,923,7117 St. Jos. A G. Isl. 4th wk J'ly
13,747
23,128
Ala. at. .South. 3d wk Julv
25,340l
•197,195
29,898
24,734
902,335
22,26<1
557,303
807,591 St.L.A.AT.lI.B's 4th wk J'ly,
N. Orl. A N. E. 3d wk July
14,669
79,-20x 1.7ix,417 1,461,044
13,573
523,(i03
412.740 St.L. Ark. A Tex. ]4tli wk J'ly
91,9.50
Ala. A Vicksb. [3d wk July
9.961
290,253
7,502
2:19,026 St.L.A San Fran. 4lh wk J'ly
163,319 3,080,356 2,975.718
138,073
Viek.s. 8\t. & P.ktd wkjuly
8 1 .528
7,016
273. P35
624,447
6,466
25:1.1^9
1-20,357
181,.595
St.PaulADiil'th July
Erlancer i?yst.'3d wk Jidy 132,493 122,393 4,009,31)7 3, (Kill. ,"..13 St.P.Min.&Man. July
033.7.89
825,268 4,036,473 .4,915.367
Ciu.P.ieh.AFt.W 4th wk J'ly
1-2,184
503,017
9.722
2.50,272
18.391
620,777
229,109 S.Ant.AAr.I>a3s.|3d wk Julv
23.51:
Cin. .«el. A Mob. .Iiine
4x,034
4,742
7,434
4-<,317,
55.694
49,312 S. Fran.&N.Pae.l3 wks July
Cin.Wab.i-Mleh. July
I(i6,i8i
47,001
49,200
40.817
287,779,
263,403 Sav. Am. A Mon. !July.
14.295
7,69!)
Cin. Wash. A Ball 4th wk J'ly
49,016
300,386
312,185
48,2911 1,121,0591 1.134.910 Scioto Valley... June
49.718
43,971
Clev.AkronACol 3d wk July
13,337
33'*, 399
11,162
333,695
5.806
138,150
9,490
Seattle L. S. A B, !4th wk J'ly
Clev. A Canton.. Juno
458,973
36,074
34.253
19.5,433
13 1, .!.-,() Sheuauiloah Val [July.
477.871
85,000
71.512
eCl.Cin.Ch.AS.I, 4th wk J'ly
328,896 289,243 4,651,sl5 4,316,657 South Carolina June
593,703
63,930
620,773
76,507
<"lev. A Marietta July
21.410
25,721
139,236
155,306 80. Pacific Co.—
Color. Midland.. 4th wk J'ly
49.600
1,854,371
46.3(>5
930.474
744.092
284,081 295.252 1,800,147
Gal.llar.AS.A. .lunc
Col. A (irccnv
.ruly
445.297
43,900
36,897
489,834
334.175
323,767
71.039
Louis'a West.. June
78,577
Col. A tin. Mid.. 4th wk J'ly
8,622
180.57-<
9,060
l-<l,(i87
31.5,307
289.523 2,403,585 2,437.512
Mor)5an'.s L A T. June
Col. Ilnek.V.AT. 4thwk J'ly
52,655
54,182
64,751
71,857 1,370,693 1,534,255
12.703
9,919
N. Y. T. & Mcx. .Tuno
Coving.A.'Miie'n. June
604.2 48
5,912
749.031
3,094
44.938
I9.:tl:4
132.239 104,412
Tex. A N. (jrl. Juno
Bay.Ft.W.A Chi. July
38.612
22:f.-'77
32,374
265.655
823.010 771,095 5.507,693 5.454.278
Atlantic sys'in'Juno
l>env. A Rio (ir. 1st wk Aug
162,000 159,000 4,421,731 1,3x5,691
2.841,152 950,619 15,769,731
PaciUc system June
Denv.-.P'kAPae May
72,309
4(l(i,752
88,993
301,123
Total of all.. Juno
3,664,708 ,721,714 21,2,7,481
/Den.T.x.A F.W. July
2 15,901
9li,'i,5:i6
183,305 1,179,691
So. Pae. RR.—
Det.Uav C. A Alp'Sd wk July
706,524
9,321
2i>l 1,627
759,016
12,129
295.679
No. Div. (Cal.) May
182,018 178,504
I>et.Laii.s'ir A X(i 4th wk J'ly
30,525
2l,50(;
607,749
536,353
530,444 638,221 2,404,772 2,833,781
So. Div. (Cal.) May
I>urtli A Iron R. May
980,500
809.431
146,840
41,187
Arizona Div.. May
154,987 175,803
Pulut:i S.S.A Atl Ithwk J'lv
455,997
6.5.813
417,009,
50,415
87,076
956,401
700,710
83,895
New Mcx. Div. May
E.Tenii.Va.AOa. d wk July 111,350 104,264 3,164,513 2,943.704 Spar. Un. A Col. May
42..543
43.396;
7,045
7,970
.514.190
Evans.AInd'plls 4th wk J'ly
530,290
153.4X5
9,385
127.131) Stateu I. Rap. T. .Inly
7,637
121,949 145,262
Evansv. A- T. H. 4tli wk J'ly
705.197
331,494
431.3x3
27,536
103,728
27.053
!(!;!. 56
Summit Branch. June
91,515
52:., 125
Fitehburf?..
June
33,07-8
402,703
47^,076 450,064 2,646.045 2,461.077
32,037
Lykens Valley June
Flint.AP. Marq. Ithwk J'ly
62,558,
58,960 1.577,x30 1,119.050 Texas A Paeille. Ithwk J'ly 152.029, 109.333 3,373.875 3,36-,! 17
3:i7, '!•:;
Flor. Cent. &P.. Ithwk J'ly
521.199
24.953'
17.711
22,421
011.921 Tol. A. A. A N. M. 4th wk J'ly
21,621
647,100
99, '63
Ft.W.Cin. &L.. June
137,664
20.746'
16.305
24,534'
21,774
125,760 Tol. Col. A Cin.. July
139,914,
Geortria Paelttc July
643,978
633,401
33,169
105,594
39.066]
93,840
693,045 Tol.A Ohio Cent. 4th wk J'ly
731.461,
Ceo. So. A Fla.. May
8,970'
7,921
25,300:
Tol.AO.Cen.Ex. July
99.6211
47,5'.0i)'»
Gr. Rap. Alnd.. 4th wk J'ly
493,398)
15,510
78.293
17,921
72,7871 1.294,453 1.269,717 Tol. P. A West.. 4th wk J'ly
26X.43-2
Other lines
.529,451
Ithwk J'lv
12,815
5,334
32,850,
115.:U8 ToL St. L. A K.C. IstwkAug
0,011
117,674
riraud Trunk. .. WkJuly27.
13.493,530
2.433.268
12.778.688
2..503.-239
410,515 375,632| 10.676,714 9.004.661 Union Paeiflc. June
1888.
1
.
'
I
1
.
1
'
I
.
.
:
I
.
.
.
.
I
1
1
,
1
'
'
1
'
i
,
.
•.
.
.
.
.
.
1
.
.
.
.
,
.
.
.
1
THE CHRONICLE.
172
Jan. 1
to
taut
i88».
Wttkmr3te
l^nton Piw.
1
18S8.
14,235,149
747,050
326,743
81,861
nil •',209
l.Vl.itV!J 1(1
i:
nU
»
;n.o«3
108,200
os.aoo
132,270
IilIK-
iibwk
\\.
J'lyi
July
W,
W.
j'
'.Iim«
Jitnr
iiliwk J'ly
Miiv
.'>2.889!
„
WU*'AJ11-^11I I'v'lll
llliuk J'ly
i:t3.W4li
i-ii
\.
-A
I
.
.
Wi:
,-.o(!,:ilii:
•_'.ini,9()(>
;i(!.".,:il»i
(i.l7H.09.5
60.18:1
22(>,80S
10,8131
29.2781
iiitiaol
!"iy
,
\
i,e8H,ii»
351,610
665,971
294,872
497,K61
94,800
48,940
150,686
62,636
•.>:»,27i
•J.'S,(I2!>I
.^7,119
(il.l'.'lil
]
2.01 7,353
12,879
Oiiernllou* liiKTnipU'il
I
liii-lii Ilrik'
:
V.
n
w
l>y
llii.s III
in-y.
>
'
uow
,1V
t K.i
Atchison's
Net...
(jros s.
Net...
in kb in the foregoinK table are separately summed up as follows;
For tlic fourth wi*k of July tlienxhibit is quite satisfactory,
the increase amoimtiug to irSO per cent on 70 roads. Some
of the roads compare with one less working day last year.
1889.
4iA vttk 0/ Jul^.
•
63,385
55,368
405,000
63,015
58.765
Atlantic .t Paotflc
BaOUo lioch. ,& PittaDurg.
Oitnifllan Pad ho
>
liii'.
.k
CI':.
•
ick. ti
I
Iticn.
Uiu. Wuolt.
<k.
Cli-vi>. ('ill.
Oulonoto
iMi.T
11.
L..
.•(4,182
221 460
inir.tNo
I
v.-
Kl
.;.-.
.
.
•!
;.
.
H
r
'.
:'
,\
1
,1
1
1
.1.
A
Indiana.
Caua<la.
'Ks
27,536
62,55S
22.42
7H,293
5,334
410.515
74,191
,:4Uette...
I'en ...
iiliof
(.
G.1,84
9,3.?5
IiHliatiap..
V
[-
30,52.)
Atlantlo...
.t
•CLicwu .t Grand
Tr...
'l>etn>itOr. U. iMll...
w;i rcntial -.
20,30li
27,152
91,602
-
iIAGt.North.
Ohio
7,77ti
8,485
5,966
75,166
29,461
i-8t.rn
i'l-iulirahe...
\Vesli;m
&
HIS.
i
•
i.
~
St. L..
4^1,345
.Va-hvlUe...
Alb. A Chlo
t!8.9«6
O A Texas
ntral
."•1
i:ulway
Ml.'A.Hlkrr
Sh.& WOSt.
Milwaukii' A Northcru
N.Y. Out. A West
NiTf..Ik ,v WeatBru
N
Kdllo
wHipl
.M.
.1.
•
1 ,.
"f
,
Kenlusiy.
229,0561
23,128,
et
L. Alt.
Biclis
2.'..310
Bt.
St.
Louis Ark. A Texas..
Louis A San Fran
91,950
188.073
Seattle L. S. A EusU
Taxas A Pacltle
Toledo Ann A. A No. Mich
Toledo
T
A
15 ;.029,
21,933
39.006
17.921
37,205
Ohio Central ..
la A Western.
A Kan. V,...,
1
"..Kil.
WheellUK
Iror
29,329
51,090
84,997
76,520
10,338
4,535
16,616
59.701
190.952
18,717
22,209
79,20-
wioa vuuinK July
July
8,710
6,025
15,428
1,748
117
800
5,506
677
34',8S3
20,200
807
6,359
1S.093
1,025
1,256
454
14,215
3,921
54,163
9,032
2,194
38,272
".V,378
28,299
5,210
,90.
11,372
142,515
5,974,355
1889.
A
^
.-.
$
Net...
BUI.Kan.C'.ACul.Oro.^s.
'295i271
5,009
Net...
73
Fe..Oru»».
252,468
8,953
75,092
1,916
Gulf Col,
A
8.
1888.
„
|.o-..<iro8s. 1,5:12,062 1,4.54,115
Nrt...
Califvrnla Central. (iross.
.Net...
17,359
75,633
5-6.276
222,035
216,451
5 ,950
101,806
35,134
904,533
311,019
2,023,375
031,266
April.
1889.
.
1888.
.-Jan. 1 tvAiirUZO.^
1888
1889.
301,578
71,207
1
410,196
129,298
to Apr. 30, (til OSS
JNet
Includlns the Chicago
line, St.
Joseph
ItR.,
em. Now Mexico A Arizona and Sonera.
$
1,229,846
11 0,000
1,505,428
1,614,260
301,036
1.985,405
110, ;92
370,809
C hicagu Kansas A West-
failed Bonds.
—The
following bonds have been called for
payment:
99,553
1888.
.*
2,3.50,813
17,330
523,219
72,743
1!<5,'48
GENERAL INVESTMENT NEWS.
9,152.992
62,418
,065 060
6,820,732
—
5muuths
803,110
703,558
22,400
3
355,141
2,190,981
641,888
l,'-i,810,'J28
35,252 1,800,447 1.854,571
284,681
442,357
252,979
73,740
44,670
489,834
415.297
71,9 = 9
Louis. Western
78,577
142,242
2uS,137
34,652
34,528
315,367 23, 523 2,403.585 2,437,512
Morgan's La.&Te.x G ross
663,976
717,398
59,711
Net...
83,837
52,655
64,751
12,703
9,919
N.Y. Texas & Mex. Gross.
def. 545 def. 5,609 def.27.194 de^32,49^
Net...
064,248
749,081
132,289 104,412
Tex. & New Orl'ns Gross
21.=>,703
104,818
53,094
15,603
Net...
823.616 ,71,095 5,507,',98 5,454,278
Tot. All. system. Gross.
215,707 17 7,914 l,'il7,705 1,500,210
Net...
(iross. 2,841,152 7,9.50,619 15,7fi9.';t4 10,002.073
Paciflc system
Net... 1,014,582 1,007,221 4,776,7iO 5,702,022
(iross. 3,664, 768 3,721,711 21, '^77.481 22.056,352
Total of all
Net... 1,230,289 1,185,135 6,024,483 7,292,233
West'n N. Y. A Penu Gross. 201,322 272,591 1,50J.202 1.398,362
268,: 65
3i)8,046
87,681
Net...
21,913
2,351.387 2,129,121
Ott. 1 to June 30, 1 Gross.
486,529
jNet...
i.67,689
9 months
Wisconsin Central.. Gross. 323,202 316,221 1,772.921 1,084,303
539,482
Net...
123,481
72,365
.—Jan. 1 to iluy 31. -s
-May.
1889.
1888.
lr89.
1888.
i6
$
Rnads.
s
135,929
117,460
28,016
25,117
Chicago Pco. A St.L.CJroFS.
Net...
12,169
355,913
73,483
70,393
350,529
WhecllDg A L. Erie Gross.
Net...
23,427
20,6j7
746,177
803.988
July 1 to May 31, 1 Gross.
303,1*0
241,501
)Net...
11 mouths
Dec.
21,065
1,585,.595
44,185
19.070
107.730
37,747
40,120
12,601
27,670
14,066
175,520
64,475
912,9CO
287,526
457,111
114,357
795,362
33,018
3,554,714
1,038,220
643,379
40,460
443,963
152,619
7,43!', '62
2,689,146
^
13,400;
1.75S
234,815
41,747
17,878
114,790
47,839
39,791
10,711
28.990
14,500
183,471
73,150
3,486,900
19,707,468
7,843,«27
242,290
100,218
679,^09
266,770
243,391
50,930
142,103
47,437
Gross.
Oregon Impr'm't Co. Gross.
Ntt ..
7,212
8,897
2,411
23,062
63,351
5,575
9,08ii,537
751,421
.
27.
Roailit.
Atch. T. p
i
,610,137
1
937.668
1. "103.483
7,320,835
2.607,092
2,074,293
Not...
Gross.
Net...
*
.—Jan. I to
1889.
June 30,
11
Net EarniBRs Monthlj to Latest Uate8.-The
tables followttiK sh.iw the net earnm^s reported
this week, the returns
for each road being publislied here as soon
as rece ved. but not
kept standing from week to week. The
figures
laestm.nthsand the totals from January 1, and C( ver the
also the
toUls for the fis ul year on those compmies
whose fiacal ^
year
dees not coi respond with tbe calendar
year.
-JuHt.—
906,860
238,926
.
1,648
2.072
1,622
1,253
16 ,388
6,677,913
1888.
»
.
3.598
1
1 to
.
715,100
840,602
7,550,806
2,305.027
2,437,395
940,814
305,284
391,047
114,178
932,295
338,699
3,574,321
l,3u3,335
672,215
Sf,5Gy
453.170
ls8,567
668,831
,797,377
12 mouths
JNeC...
South Pacilio CoGal, nar. A S. A.. Gross.
4.-iS
1
Griisa
Net
17,675
3,6J0i
p. e).l
&F.. Gross.
1
Net...
2.462
1.326
39,653
3,295
5,800
15,511
Pitta. I'aines.
Total system
834
163,31!)
17,711
Tol..Oio.s3.
1.13!'
32,704
4,381
3.071
12,742
24,754
33,109
A
Pitts. Clev.
3,231
51,767
6.42(1
00,951
25.540
437,182
59,931
23,27]
112, S79
Erie....
Total (70 roads)
Increaae. (11-80
6.7d1
7.229
25,029
133,944
428,fi07|
(..'euiral
M«t
73,.509
13,543
365.316
94,800
»>8tcin).
A Penn
A Lake
Wisconsin
58,960
21.621
72,787
6,011
375,632
53,991
21,113
33,511
Net...
Gross.
N. t...
July 1 to June 30, ) Gross.
12 months
SNct...
Ohio liiver
Gross.
Net...
Pittsburg & West'n.. Gross.
Net...
Net...
27,'i.i3
108.200,
.
'"'
N. Y.
7,637
fl,490!
i
WMteru
212,750
24.f00
50,115
.548,690
6,157|
15,711
71,8.5'
691,205
.59,690
.
9,72;;
5 ! ,769
It 9,253
;0,.508
92,27.1
17.8(i9|
tot. syat'iu
Kicli. ik iJauv. (S rnadi.)
8t. Joei.|.li
Ur. i.^land..
.-t.,
A
AT. H.
6,3-31
54,26o
150,981
75,886
120,574
34,545
6G,590
96,369,
74,872'
12,410,
A Kvuns
'
.'^,179
57,000
48,290
289,243
46,305
9,060
Midland
1
79,126
50,6-9
348.00(1
12.181
49,616
328,896
49.600
8.622
BalU
Val .VToloilo
.V Kio (Jr. \\>8t.-
11.
9
17,fi31
h. Jt St.
I
9
Mack.
FL W.
61ft,.'500
.Midlnn'l
A cm.
Ool.
Col.
&
9
3.^i.29«
'.(«tMleh
I
Deereat*.
....
Kant. Illinois
Mil. A St. Paul...
I
Inereatt.
56,632
55.531
593,733
31,107
10,800
AUiutlo
(
1888,
Kentucky Central... Gross.
Northern Paoifle
143,249
41,825
77,207
25,756
174.004
29,121
678,480
260,700
100,620
5,275
79,872
32,331
152,322
62,643
56.991
14,659
141,861
40,801
696,206
335,462
109.416
17,533
79,282
31,853
.
Iowa* Central
weekly earn-
89,906
99,287
82,496
91,522
Net...
Net ioclnd'g irivestuients.
1 toJ»Do30,)Groi-8.
12 months
(Net...
Net includ'g Investments.
Ches.Ohlo&8o'we8t.Gro8s.
Ju y
,1
latest
June 30.->
Gross.
744,059
116,477
Net... def 3,117
8,400
Grand total
Gross. 2,094,199 2.039,300 12,428,796 11,323,283
Net...
308,112 385,987 2,176,975 1,974,381
Central of Georgia. Grots.
606,739 465,761 3,427,000 3,269,699
'
Ut««t «roM Earninan* by Wftpkn.— Tlie
(0
XLIX.
hiilt
Deny. AKio Grande. Gnwa.
iimd operated.
" i;ir<.iiy
,-«i n.
'"Mil ycurn.
>!' tioth
V Mt'kIM
ill.- nil" '1 in
Ml
ll> liwliidi'il
w orth \ I>. C. for Hrnt tlirt-f months in both years.
/!»
.—Jan. 1
1889.
California South'n. Gross.
400,471
52,490 125,294
Net...
20,902
36,988
4,968
Tot.Uncs control'd. Gross. 1,977,721 1,886,343 11,084,736
Net...
311,239
2,408,569
Beads owned jointly—
.
Incliidea.
^l,•"nlIlh|gdlvll^lou In 1889.
tin' HVHtciii. liipliulliiKnll
frill,
.
1888.
$
Net...
Eliz.L.&Big Bandy. Gross.
Net...
Chic. Burl. A North. Gross
Net...
the Rrcal tooAi.
which liiilf owuerahlp Is nelo.
•
<li:.'.ii:o Ji
Jttne
.
Roarit.
1888.
3,041.134 3,010.994
l«;i.B24' 168,017
56.613
r>«,788|
15,890
I 1.SS8
May.
w
Date.
1889,
Roam.
\S,.i
[Vol.
def 9,311
1,"
97,801
iNDljiNA
as below:
Block Coal. —First mortgage bonds numbered
ij<500 each— Nop. 101, 102, lOJ, 104, 105,110,111,112, 113, 120, 121,
123, 130, 131, 139, 140.
$1,000 etch— Nos. 16, 20, 25, 27, 33, 38, 51, 53, 62, OF, 73, 85, 86, 81,
100.
—
Union P.^cific. 129 sinking fund mortgage bonds numbered as below will be redeemed by the Union Trust Co., on
September 1 ujxin notice in writing from the holders thereof of
their election to have their said bonds so redeemed.
No3. 87, 2(2, 507, 510, 722, 84*, 939 1,211,1,491,1,524, 1,550
,
I,
1,589, 1,6,=>3, 1,711, 1,738, 1,827 1,'-51, 1.937,2.227. 2.331.
2.757, 2,002, 3,134, 3,198, 3,2-<4. 3,619, 3,629, :^.713, 3.852.
5,019. 5.21^, 5,i53. 6,407, 5,414 5,455, 5,546,5.60^,5,715,
.'^,874, 6,000, 6,012, 0.1 :6, 0,197, 0,263, 6,307, '!.»10. 6,110,
6,507, 6,1.13, 6.646, 6,702, 6,81i, 0,«20, »i.834, 0.913,6,947,
0,999, 7,13^, 7,l(i2, 7,280, 7,312, 7,321, 7,324, 7,338. 7,382.
7.523, 7,583, ",70.', 8,152, 8,153, 8,3h7, 8,4 -7, 8.5.14, 8,749.
8,9.50, 9,023, 9,199, 9,342. 9,434. 9,435, 9,492, !'.5-l, 9,795.
9,9.50. 9,998, 10.0 14, 10,120, 10,179, li ,2 12, lo,:ig], ic,521, 10,836.
10,860, 10,949, 1(1,953, 10,98(i, 11,08!, 11 .108, 11,27.1, 11,313, 11,337,
11,485, 11.S02, 11,M29, 12,34', 12,345, 12, 456,12,68?, 1: ,7-0, 13,751,
11,10!', 14,151, 14,293, 14,321, 11,728, 14 ,937, 14,03f, 15,239, 15,374,
1,-,551, 15,608.
1,582,
2,017,
1.834,
5.845,
0.501,
0,972.
7,478,
8,956,
I
1
.
August
THE CHRONICLE.
10, 18fc9.J
West Jersey & Atlantic— 12
bonds, $1,000 each, of
tin-
1H80, numberod as bt'Iow, will be paid at pir,
with accrued interest, at the oIKce of the Fidelity las. Tr.
8. D. Co., Philadelpliia, August 31, on which date interest will
cease.
No8. 18. 45, 4f, 59, 91, 130, 251, 25.'!, :U4, 358, 35?, 37i.
loan of March
1,
&
Canaitian P.icific— tj'Apitclle Loriitr Lake & SaskaUjIiomiii.
contract for the construction of this road, including'
rails, stations, tanks, gradinj?, bridRinu;, etc., has been let to
Jarae.s Ross, who built the Can. Pacific in the same district
—The
lately finished for the Canadian Pacific their short
The line will e.ttend from Regina, on the
Canailiau Pacitic, 3.57 miles west of Winnipeg, north to Prince
From Regina to Long Lake,
Albert, a distance of 350 miles.
23 miles, was completeil in 1880, and the extension to Prince
Albert, 337 miles, is to be completed by the end of 1890. The
company has a subsidy for 30 years from the Canadian Govmortgage at the rate of
ernment of £16,400 per annum.
£3,000 a mile has been authorb^ed, whole issue £770,000. The
bonds run to August 1, 1911, bearing 6 per cent interest, payable February and August. The Canadian Paciflc Railway
and who
in
line
Canada.
A
the option to redeem the bonds at 110 on
Co., of London, have
Feb. 1, 1890. Messrs. Morton, Rose
sold £500,000 of the Lssue, being all that was offered.
Company have
&
Central New Eiii^land & Western— Hartford & ConuHcticnt VVestern. At a meeting of Directors of the Hartford &
Connecticut Western Railroad Company on the 5th inst. there
was executed a lease for a year to the Central New England
& Western Company at the rate of two per cent a year on its
stock beginning September 1, 1889, dividends payable semiannually March 1 and September 1. Under Connecticut laws
directors cannot make a lease of more than a year. For a
long lease a two-thirds vote of stockholders is necessary. Tlie
Conr.ecticut Western's annual meeting comes in Decenil)er
and the terms of a long-time contract may be settled thci.
The leasmg party assumes the interest on the bonds (.5008,000
outstanding) and pays the dividend on the stock (.$3,637,300).
—
The Central New England & Western is now operating a
through line from Campbell Hall via Poughkeepsie Bridge to
Hartford, 143 miles.
Chicago & Northwestern.— In the Chronicle of last week,
on page 144, the comparative statistics of this company's
operations and financial condition were given for the last four
These figures are
years, ending respectively with May 31.
now supplemented by the full report of President Marvin
Hughitt, on a subsequent page, wliich contains many particulars relating to the last fiscal year, and also remarks upon tlie
railroad situation at the West,
—
Detroit Lansins: & Northern. The following has been
from the Boston oJHce for the six months ending
issued
June
30:
1889.
$515,787
400,733
Groiseirnlng?
N
t
$115,054
171,179
:^142,390
Deo. $27,3 3G
def.$J6,125
8ur.riii96
,
Balance
1888.
igt5S,0l6
In-. $^7,771
lae. 85,109
oarnlDga..
Clurgcs
.
315,626
Exiionees*
141,894
lao.
29,'-'S)
Dec..t56,(JL; 1
No charge was made
to construction or equipment.
In explanation of the decrease in 1889, the following is
given: The operating expenses for the first six months of 1889
are much larger than those of the corresponding period of
1888, for the reason that during the present year the cost of
operatmg the Grand Rapids L-ansing
Detooit line of 53
miles is incluiled, and also an average proportion of certain
items which in 1888 amounted to §37,600, and were charged
out in the last six months of that year.
If the same metliod
of accounting were pursued this year, it would add so much
to the net earnings of the first six montlis. The fixed charges
for the first six mouths of 1889 show an increase of §39,384,
accounted for as follows:
The Grand Rapids Lansing
Detroit Railroad was not completed and opened for business
until July 15, 1888, and the interest charges upon its bonds
to July 1, 1888, were, therefore, charged to the construction
accoimt of that road, amounting to §27,700;
interest on
additional D. L.
N. 7 per cent bonds issued as stated in last
annual report §6,202; dividend on Saginaw
Western Radroad Company's stock, heretofore charged to operating expenses, §157; total, §31,059; less decrease iu amount of miscellaneous interest paid,
It
leaves
§29,331.
§1,774,
should be added that
the net
earnings of the road
for the last half of the year are usually the most favorable
and the
interest
charges
for
will
ba
that
time
reduced §11,550, by reason of the extension at par of the
Lansing 8 per cent bonds, due July 1, 1889,
§770,000 Ionia
for ten years at 5 per cent p3r annum interest.
The decrease
in net over and above op:?rating expenses and interest for the
first six months of 1889, as compared with 1888, amounts to
§56,630, as follows: Loss in net earnings, §27,333; Grand
Rapids Lansing
Detroit bond interest, §37,700; Detroit
Lansing
Northern increase in bond interest, §3,302; dividend on Saginaw
Western R. R. Co. stock, heretofore
charg.'d operating, §157; total, §61,393; less decrease in amount
of miscellaneous interest paid, §4,774, leaves §36,620.
&
&
&
&
&
&
&
&
—
Georgia.
At Knoxville,
Tenn., August 6, Cliancellor Gibson, of the State Court,
gave what appears to be an extraordinary decision against
this company
for claims amounting to §33,000 for dam-
East Tennes>ee
Virginia
ages and debts duo Ijefore the roa*! was forecloseil iu 188ft.
The present owners hold title from a special master of the
United States Circuit Court, and claim full title and exemutioa.
from all previous indebtedness. The case will be appealecL
—
Houston & Texas Central. Notice is given that arrange.'^
ments have been made for paying one year's interest oa u»e •
new first mortgage bonds issuable under the reorganizat ioo
agreement dated Djc. 20, 1887. Payments will be made ate'
the Central Trust Company's oflice on and after Aug. 12, 1889,
upon presentation of outstanding certificates for indonement
i
of sucu iiayment thereon.
The charter of the new
—
Houston & Texas Central RailwayAustin, the incorporators being F. P.
Olcott, B. G. Mitchell, of New York; G.S.Ellis, of LcjugLUndi
H. E. MoUin, of New York; F. L. Grant, Brooklyn; J. Q.
Adams, Orange, N. Y., and W. H. Ludlum, Staten Island,
N. Y. Tlie road is under the management and control of the
following board of directors: E. T. Hyde, C. Dillingham, E. 'W.
Cave, G. A. Quiidan, C. Fowler and D. Ripley. The capitaL
stock is $10,000,000. The Houston & Texas Central RaUway
in this charter means the line from Houston to Denison, a.
distance of 345 niQes, and from Hempstead to Austin, a distance of 119 miles.
Company was
in
tiled
Kansas City Fort Scott & Memphis.— This company shows
the result of operations for the first six months of 1889, aa
follows:
188?.
OMSsearniugs
Expenses
$2.'.!.t-2,576
1,514,995
Inereate^
1888.
$2,031,493
1,440,481
*i01,078.
104,5K
$087,581
71,923
$591,017
$762,504
$191 OO.i
10,2oa
$606,358
All charges
,$501,211
$t63,98S
$37,22a
BuUnces
$261,293
258,462
$142,363
208,908
$118.03&
$66,600
$60,431.
Net
Oilier
lucumo.
Total not
riitcrest
Tralllo contract, K. O.
M
&
B.
Dividends
Surplng.
$2,831
$96,564
59,584
15,339
$156,14 a
$33,32 a
$-157,132
e,806
dcf.
3,10
a
49,404
—A
circular has been addressed to
Missouri Kansas & Texas.
the consolidated 7 per cent first mortgage bondholders by Mr.
Edward King, President of the Union Trust Company, Trustee
letter of the company's counsel is enof this mortgage.
" You will observe that, in Mr.
closed, and the circular says
Peckham's opinion, two things should be done
One, a
declaration by the bondholders that the whole sum is now due,
coupled with a request to the Trust Co. to enter upon the
property. The object of this is to make an effort to substitute
the Trustee for the present receivers iu the management of
that part of the railway covered by our mortgage which,
without such declaration, cannot be successfully demanded.
The other is the execution by the bondholders of a power of
attorney authorizing tlie presentation of a i)etition to
immediately after decree of foreclosure,
the trustee
requesting tlmt the property be sold." These are formal
matters required by tlie mortgage. In regard to the
recent report of a committee on a division of earnings between the Northern and Southern Divisions, Mr. King's
"
committee composed of the General
circular says:
Manager, the Auditor and the Counsel of the receivers
have reported that an arbitrary basis of division should
be established, under which each mile of haul on the line south
of Denison should count as one and a-half miles against each
mile on the line north of that point. The extreme unfairness
of tills conclusion is apparent, especially in face of the fact
that the tonnage last year for the ten months ending Nov. 1,.
is reported to have originated as follows:
Toa< forwarded from Missouri and Kansas stations north of
94 6,043
Denison
Tons forwarded from Indian Territory stations north of
573,240
Denloon
A
:
;
A
'Operating expenses, 77-89 iu 1889, against G6-91 In 1888.
&
IT*
1,459,283
Tons forw.irded from Texas stitious soJth of Denison
486,
96&
1,946 ,24»
showing that the division south of Denison originated and
forwarded only about 25 per cent of the entire tonnage of the
system and 26,374 tons less than the Indian Territory.
"It is evident, therefore, that the interest; of the seve n per
cent bondholders should be affirmatively protected by their
own representatives if they are to be preserved."
The forms signed by bondholders should be returned to the
Union "Trust Company, 73 Broadway.
—
New YorkCeutral &
ment
is
for the quarter
as follows:
Huilson River. The corrected stateand nine montlis ending June 30, 1889,.
June
^(^'M^r-er emi.
Uros.s eaniini^g,
Oper. expiMises.
Expeu. lo earns.
,
.
1389.
$25,'j51,0 5
17,337,3 J
(
5,305,3t)0
54 pe.)
-88
1,96 3.000
$318,793
Pn.tlt
Dlvid.n.ls (1 p.
(lUirtody)
Balince
so
p.
cj
(
6785 p c)
'54.860
$'.5-54,<)5»
'^,8S4.580
$709,616
$2,: 23.893
$J,70J,37
1.
0.
894.-'83
(Hc,
$9,613,6 3
5,8S9,7SO
Net earnings. $2 882,053 $2,'5S4,i76
First charjics....
June 3Z1883.
$J8,f4-J,85a
li,07r,89»
.— .V«ii« mos. end.
13Si.
$',t(M,s37
.5,S(U,«13
p.'-.l
(67
.
30.
1889.
$3,74 i,066
894.2^3
tur.$21,510 df.$lS4,661>
2,'S;,34 9
sur.
$41,043
»
2,682.849
»ur $17,53
Northern Paciflc—In our editorial columns will be found
some preliminary figures bearing on the operations of the late
fiscal year.
:
CHRONICLR
'IHE
174
%Rpavts
ter entuut;
Juue
<«'
lum
,IW.
mi
«807,7S1
liSwI
KMeanlnri-'
__
_
„
^.V. T. Penn
1989.
fc..«"'.L«a.•d'••'|2-
977,
OpenUagezvease*
i>i»." •"--"
$1,836,332
1,046,4U1
12,746
"1789.871
W0a,910
$489,580
$120,000
$120,000
1.415
183,741
217,174
$537,740
^270,00^
$551,219
$238,622
$305,156
$164,754
$338,?17
$150,733
UikUuier, Mirpla*
OpcroUuh'cxii«!iu«».
1989.
$57a,'>24
376.44 8
NetMrnlixi*...lnt,reoliilaAiitxc4
$105,876
261.217
Alb.
Sarat'>a
d Siuqw.
1880.
1988.
1888.
$540,166
305,221
$826,550
t0t,779
$9U«,981
514,069
$150,04 5
207,071
$321,771
27H,' 67
$292,912
201,958
BUT. $30,951
aef$65.34I<lef $116,726 6ur.$45,104
,
Sur. Bing. <C jV- J'
y. r. dfianada.1888.
1889.
1888.
1HS9.
$236,017
$241,485
$219,289
$226,076
113,321
121,409
156,975
155,135
BaUnce
—
—
,
.
UroMrarnlngi
Op»r»UngoilKn»M
Kct
Int.,
74,289
$62,314
67,288
det.$3,347
def.$4,974
«7(I,912
earnliit;*---
reoiali,&iaie«
Balance.
$120,076
44,905
CHICAGO & NORTHWESTERN R'WAY CO.
ANNUAL EEPOET FOR THE THIRTIETH FISCAL YEAR EHDINQ
MAY
1,673
607,749
Ben: *
jPoovmcuts.
jinKnOhio
«3O.00O
507,749
T0t»l....
aiijd
it
9'jOi.U
14.S43
»43,ftOO
XUX
[Vol.
$123,206
44,905
81. 1889.
The operations of the company for the last fiscal year, and
the condition of its affairs on the 31st of May, 1889, are presented in the following report :—
(Average number of miles operated, 4,24;3'96
$25,092,258 81
GroBg earnings
OperatiiiK expeuses (59 65100 per ct).. $15,325,650 25
7<jl,6d7 OS
Taxes (2 73-1.00 percent)
16,027,287 33
)
Net revenue from operating.
bonds
Interest on
Lees Oredils for—
„_,,__
Interest aad exchange ace' t.. $70,1 77
Divdends onOmalia stock
—
i?9,664,971 48
..S^5,825,833 32
„^
20
216,200 00
285,377 20
5,540,456 12
Bur.$75,171 8ur.$78,391
-Notice is ^ven
Or«on Short Line & Utah Northern.
Line Railcnnital st.x-k in the Oregon .Short
t.. Uie holder" of
and
„.:'?'!,n,«j,y.tl.e\.Ttah & Northern Railway Company
in the
Central Railway Company, that the stock
will
Line & Utali Northern RaUway Company
exchange for the stock of the above
Ik. rcaav for delivery in
the
named "companies on and after Wediiesday, Aug. 7, at The
Budding, Boston.
office of tlie comianv, 40 Equitable
Company registered
Block of the Oregon Short Line Railway
new stock at the othce
in New York will be exchanged for the
of the Ujiion Trust Coini>any, 73 Broadway.
a,>rt
of this raihoad will take place
Connecting with the Memphis
Charleht.)n, at Decatur, Ala., it crosses mto Georgia to
Rome, which is its present terminus. Surveys and right ot
wav have been obtained to continue the road tlirough to
Borne & Decatur.— The sale
on November 20 in New Yoik.
&
GaineevUle, Ga.. where it would connect with the Richmond
Danville.' which combination, it is rumored, may bid in the
road on the day of sale.
&
Not results for the year.......
Deduct for Binklnj? funds on bonds
*''^tt'm.n
nn
58,000 oo
Balance of proflts
Dividends were declared on preferred and
stock,
amounting
$1,066,515 36
common
3,444,504 00
to
$622,011 36
LeaviUK a surplus of
The foregoing does not include the mileage and transactions
Fremont Elkhom & Missouri Valley and the Sioux
the supCity & Pacific Railroad Companies, which appear in
of the
plementary report of the Trans-Missouri River Lines
;
their
combined operations show a net profit of §122,996 57, which,
added to the above amount, increases the surplus earned on
the entire system to §745,007 93 for the year.
The gross earnings were derived as follows
~"-
;:;;;•""•:;::::::
:
fl^^ U
394,264 30
[.vmi«
577,047 33
San Antonio A Aransas Pass.—At Sim Antonio, Texas, on Maiis:!.;";;"!"-"""'-'265,424 17
the 8d in.st., an application was made to Judge King by Chris. Misceiiancous sources
-$25,692,258 81
Kiel, a fonntr contractor on the road, who holds a promissory
note of tlie road for $9,000, with accrued interest for three or
STATEMENTS.
COMPARATIVE
four years, which he has been unable to collect. In order to
1889 WITH 1888.
force the collection of his claim, which is disputed by
The The eross earnings in year ending May 31, 1889, were.$23,G92,2.58 81
the company, he asks that a receiver be appointed.
26,697,5o& 63
merits of his particular demand cannot be known by the The gross earnings in year ending May 31, 188b, were.
public, but certain it is that our judges should exercise the
receivers
entertaining suits for
in
caution
gieatest
against con ..rMtimis. President Lott says "the application
for
receiver
for
the Sau
a
.San Antonio
made on >
Pass Road is an attempt to get a snap
Antonio A
judgment Ut force collection of an imadjudicated disputed
claim of J9,000, whicli if decided against us will be promptly
paid. The company has ample resom-ces to pay every dollar it
owes." A comparative statement of the earnings and expeuses for the lirst six months of tliis and the two preceding
years shows as follows
:
i
1887.
237
Mlleai^e
«
tiross earuhiw
Oi>eratlng ixi'cmes
NetearuiOk'S
Fixed lotrrtst charges
Net sarplus
1888.
363
1889.
413
$5311,3 1!)
104,174
$450,242
303,080
$80,691
!?117,161
61,.530
118,080
$163,938
147,750
$19,161
$29,081
$36,18S
!fl84.868
355,381
These earnings are for the least profitable part of the year,
the net for the last six months being considerably larger.
Decrease in 1839
The operating expenses iu year ending
31,
1889
Th« operating cxiienaes in year ending May
31,
1888
^$15,325,050 25
Decrease in 1889
Tixes in year ending May 31, 1889, were
year ending May 31, 1888, were
taxes
m
15,915,057 23
$339,406 98
$701,637 08
755,741 99
$54,101 91
Decrease in 1889
Net interest on bonds in 1889 was
Net Interest on bonds in 1888 was
$5,540,456 12
5,21i),loo
96
$325,300 16
Increase In 1889
$4,066,515 36
4,/oJ.003 45
Net earnings in 1889 were
Net earnings in 18S8were
$687,038 09
Decrease in 1889
—
Sonth Carolina R. R. The following plan for reorganizing
Uie South Ciiroliua Railroad has been announced:
FHrst mortj,'age six per cent bonds to be deposited witli
tlie Central Tnist Company and receive negotiable receipts
and an .option, at a i)i-oper time to be announced by the
$1,005,289 82
May
SUMMARY.
$1,005,299 82
Decrease in gross earnings, 1889
325,300 16
Increase in net luteresc on bonds, 1889.
$1,330,599 98
Contra—
$559,106 98
per cent first mortgage, or cash Decrease in expenses, 1889.
54,104 91
Decrease in taxes, 1889
they may elect.
643,511 89
The second mortgaRo bonds to deposit with Central Trust
Company and receive negotiable receipts, which are to be
$687,088 09
Showing the decrease in net in 1889
canceled by first piefcrred five per cent accumulative stock
having right to elect majority of Board of Directors
Most of the comparative loss in gross earnings, amounting,
Amount of i-Mir- .<'.",(1im.00<) and not to exceed S2,.500,000. as shown, to $1,005,299-82, came from the receipts from freight,
Ir
<1 with Central Trust company
and re- which decreased §925,151-59, or 4 84-100 per cent, while the receii
and piiv assessment of §10 ix!r bond ceipts from passengers decreased onlv .$18,343-87, or 29-100 per
of 51, mm.
value of each income bond, holder of cent. There was a small loss of $3S2 in express receipts and
receipts will
prefen-ed stock for assessment and
a gain in mail earnings of §21,507. Receipts from miscellanecommon stock
"ew company for face value of income ous sources, which are variable with each year and dependent
bonds.
transient causes, decreased §82,929-30.
Common stock to be deposited and pay as.sessment of ten upon
Further analysis shows that by far the largest proportion of
per cent on the par value of the old stock, and for assessment
the loss occurred upon the Iowa and Galena divisions, wluch
receive firvt prpffrred five per cent stock and sixty
per cent
carry, in addition to their local traffic, a share of the trans-Conof comiii
for the old.
tinental and western business of the Union Pacific and Central
The
11
reorganization is composed as follows- Pacific roads, and have also the long haid, east and west, of
Mea«r)t. 1
.
a. B. Graves, A. Duteu- the Fremont Elkhorn & Missouri Valley Raih-oad and its affili». ff
.. „ :;"; ^^'i^^^- ^^^h^'
hofier
and. 11.
P. Talmadge.
ated connections iu Nebraska and Wyoming. The loss of
to take new five
interest, wiilchever
committee,
at par
and
I
I
,
.
I
AuacsT
THE CHRONICLR
10, 1889.J
gross revenue on these divisions was $S.'50,919'48, or 84 6-10 of
the whole amount. On tiie Dakota and Winona
St. Peter and
Madison divisions the decrea,sc amounted to §48 1,54 1-40, which
reflects in part tlie light wheat crop of last season in Minnesota and Dakota. On tlie Wisconsin and Peninsula divisions
there was a comparative gain of S337,161'18.
&
There was no change in capital stock during the year, the
Common
Commou
stock
bemg
$03,700,330 53, as follows:
oiitfiUnillni,'
ii!3
stoultaoiip uutstaudlng
In the completion of second main track between
Luzerne
and Belle Plaino, and m building second main tracks on the
Milwaukee, Wisconsin and Galena divisions, the sum of $179 830-38 was expended.
'
COMPIiETIOS OF
CAPITAL STOCK.
aggregate amount
1,364,900 00
2,44.') 31
&
The work performed by engines was
170 00
22,323,170 00
Total stock and scrip outstanding
$53,090,515
Com. stock and scrip licl I by the Co....$10.007,S20 CI!
Pref. stock and scrip held by tUo Co...
2.281 56
;il
10,009,805 22
•
if
83,700,320 53
FUNDED DEBT.
The funded debt on the 31st of May, 1889, consisted of bonds
outstanding, as follows:
Varioiia Isaues for account of railway and eciiiipmcnt.. $30,722,500
Cliieaxo & Nortliwestcrn Uiiilway 4 per cnnt exti-nslon
Bonds. i^siK^l a;^JilH8t. sain« .'vmoiint ot Fremont Elkliorn & MLssonrl ViiUi'y and Wyoiniusr Ccniral Kiilway Conip.xny'.f First Moitii.i«e lionds, issued l>y
tlio.se companifs for construction ot their lines, and
deposited with the Trustee ot tlie 4 per cents as
00
11,015,000 00
& Northwestern Railway 50-year Debenture
Bonds, issued for purchase CiiicaKO St. Paul Minneapolis & Omaha Kiilway Company stock
Cliica»;o & Northwestern Railway Company 25-rear
Debenture Bonds, issue 1 for purchase Fremont Elk.
& Missouri Valley Railroad Compauy stock
Live bonds In sinking funds
Chicaj^o
Total amoont
YE.\R.
JBonai Utued.
Chicago & Northwestern Railway Company 4 percent E.tti'usion Bond'", issueil
Fremont Elkliorn &
Missouri Valley Railroad, In exchange
for cons'rnetion of
for its bonds, us described ab.->ve
$922,000 00
Northwi'Stern Railway Company 4 per c<nt Extension Bond<, issued
for construction of Iron Range Railcfe
way
700,000 00
Chicago & Northwestern Riilway Company 4 per cent E.xten'ton Bonds, i-sued
for construction of
m
L ike Geneva & State
Line Railway
Chicago & Northwestern Railway Company Consolidated Sinking Fund Bo id,
;
'
nm
1,960,500 00
1,417,500 00
$105,121,500 00
CUAXOES DURISO THE
Chicago
10,000,000 00
26,489,838 miles, beinjr
miles less than in the preceding year, a reduction
69-100 ijer cent; there was a decrease of «9,.'510
1 03-100 per cent, in pa-ssenger service;
1,828 216
9 0.5-100 per cent, in freight; 849,778 miles' or
per cent, in jjravel train 3.3.56 miles, or 43 91-100
wood train, and 4i)9,512 miles, or 7 31-100 per cent
pr
switching service. The total cost, including repaii-s, wages'
fuel, oil, etc., was $4,802,295-64, or 31 1-3 per cent, of totalop^
eratmg expenses, against 31 81-100 i>er cent the preceding veax
The net decrease in this branch of exiienditure was $260,949-51
or 5 15-100 per cent.
The cost per mile run by engines was 18 13-100 cents, agamst
17 64-100 cents in previous year, an increase of 2 78-100 per
cent, this increase being distributed fiaetionally through each
item of service.
The average distance run per ton of coal or
cord of wood was 27 04-100 miles, a gain of 8 28-100 per cent
over previous year.
The quantity of coal consumed by engines was '944,279 tons
and of wood 32,123 cords, the aggregate cost of which
amotmted to $1,805,980-32; the decreased consumption, compared with preceding year, was 117,220 tons coal and 2,2.55
cords of wood, and the average cost per mile
for fuel was
2,305,272
equal to 7
miles, or
miles, or
34 2.5-100
cent,
m
collateral
ROADS.
ENGINE SERVICE.
.$22,323,000 OO
Total Issue
NEW
Construction account was also increased by the sum of
$316,404-73 for completion of the Iron Range Railway
the
Iron River Railway, Lake Geneva & State Line Railway, and
on account of the construction of the Jimction Railway to
connect the Milwaukee
Wisconsin Divisions.
$31,307,315 31
Preforrcd stock outatamlltia
Preferred stock scriii oiiistaiidlng
175.\
DOUBLE TRACK.
6 82-100 cents.
EQUIPMENT.
The equipment was increased by the purchase of 20 new
locomotive engifies, 35
first-class passenger cars, 24 caboose
box freight cars, 100 gondola cars, 50 iron ore cars,
and 2 rotary steam snow plows rivaling in cost the price of
locomotive engines. The amount exiiended for equipment was
cirs, 1,308
$1,208,218 04.
Besides these additions, 5 first-class passenger
cars, 68 box freight cars, 2 furniture cars, 5 caboose cars, 29
platform cars, 15 live stock cars and 12 locomotive engines
were thoroughly rebuilt in the company's shops, and 499 engines and a large number of cars were overhauled and put in
good order in the regular work of renewals and repairs, and
the general condition of the rolling stock was well maintained.
The number of cars of all descriptions on the 31st of May
last was 26,292 and of locomotive engines 786.
90,000 00
PASSENGERS.
The
receipts from passengers, which were $6,261,277 16, or
issued in place of old ({Hneral First Mort34 37-100 per cent of the entire gross earnings, fell off $18,343 87.
gage and Preferred Sinkmg Fund Bonds
retired
The whole number of passengers carried was 11,465,963, an
1,000 00
increa.se of 678,.543, or 6 39-100 per cent; this increase came
Total issue
$1,713,000 CO wholly from round-trip, excursion and commutation travel,
the aggregate of which numbered 6,657,667 passengers, or 58
Le»3 handt purehaxed and canceled, tiz :
per cent of the whole movement, and the revenue derived
Chicago <fe Nortliwestfrn Railway Cirafrom these classes amounted to $1,569,011 49, or 25^^ per cent
pany General Consolidated Gold Bonds. $7,000 00
of the gi-oss passenger earnings.
Chicago & Northwestern Railway Company Menominee E.xt«nsioa
(Sold
The mileage movement was 279,210,717 passengers carried
Bonds
3,030 00
one mile, an increase of 6,465,698, equal to 2 37-100 per cent,
Winona & St. Peter Railway Company Exand the average rate received per passenger per mile was
tension Gold Bonds
12,000 00
3 34-100 cents, against 2 30-100 cents in the preceding year, a
Chicago & Northwestern Railway Comreduction of 2 61-100 per cent, with a consequent decrease in
pany 5 per cent Sinking Fund Bonds .
3,000 CO
revenue of $129,478 67.
25,000 00
The number of passenger trains
was 119,575 the
average di.stance run by each train was 55 97-100 miles; the
Net increase for new railroa Is
$1,638,000 CO
number of passenger cars hauled was 305,478; the average
MtLEAGE.
numl)er of passengers in each train jier mile run was 41 72-100;
Two branch linei, amounting to 39-63 miles, which had the average number carried in each passenger car per mile
been previoiLsly undertaken, to wit, the Iron Range Railway, run was 12 46-100; the average journey of each passenger was
being an extension of 33'63 miles, operated a part of the year, 34 35-100 miles, and the average fare paid bj- each passenger
the preceding
extending from Ishpeming to several important iron mines was 55 cents, or 3 cents less than was paid
in Michigan, and the Lake Geneva
State Line Railway of year.
FREIGHT.
six miles, operated the whole year to Williams Bay, at Lake
The receipts from freight were $18,193,643 85, equal to
Geneva, Wis., vrere completed and put in operation, making,
with previous mileage, 4,250-:!8 miles of railroad at the end of 70 83-100 i)er cent of gross earnings. The tonnage moved
the fiscal year; but tlie average amount operated during the amounted to 11,154,715 tons, being an increase over the previwhole year was 4,2-13-96 miles. It will be noticed that the ous year's movement of 242,400 tons, or 2 23-100 per cent; the
length of new road added is less than one per cent of the mile- average rate received was $1 63 per ton, against $1 76 last
age, and is less than the amount added in any previous year year, a decrease of 14 cents per ton, equal to 7 39-100 per
cent.
tor the last twelve yeara,
The entire movement wa-s equivalent to 1,804,701,696
tons carried one mile, being a decrease of 134,342,406 mileCONSTKUCTION AND IMPROVEMENTS.
tons, or 6 03-100 per cent; the average rate received per ton
The sum of $377,148-01 was expended in laying 59 2281-5280 ner mile was 1 03-100 cents, against 1 02-100 cents received in
miles of additional side track; $83,451-41 in building viaducts the preceding year, and the average rate, including tranKjiortafor street crossings in Chicago and Milwaukee; $317,42314 for tion of construction m.aterial, was 1-01 cents.
new depots and other structures, real estate, rights of way and
The total numl)er of freight cars hauled was 4,165,342, of
station facilities, etc., at various points, including the large which number 2,977,618 were loaded and 1.187,624 empty cars,
new pa.ssenger station, car shed and breakwater at Milwaukee; a decrease iu total haulage of 169,091 cars, or 3 9-10 iier cent;
$160,008-05 for permanent bridges, being extra cost of new over the number of freight trains run was 182,704, against 208,7.58
old, and $67,128-63 in mLscoUaneous additions and improve- in the j)revious year; the niunber of cars in each train averments to the property, which together make $905,160-44 ex- aged 19 2:3-100; the number of tons in each train ^)cr mile run
pended for this accouiit, less credit items of $1.59,017-54, leav- was 135 78-100; the average numter of tons carried in each
ing the net expenditure at $746,142-90 for the year.
loaded ca^ per mile run, was 9 47-100, and the average dis. .
nm
;
m
&
.
:
.
THE CHRONICLE
176
[Vol.
XLIX.
usual methods of business, by giving the power to fix prices to
was hauled was 161 79-100 miles. The those who
wish to buy and compelling the acceptance of such
by freight trains was 13,291.157 miles,
mUeage moTe- I)rice8 by those who wish to sell.
StaUtTd^SMwrof l,fe3,216 mUes from the per
Nor is this a mere threat of power held over the property.
cent.
m«nt of the preceding year, equal to 9 05-100
It is thoroughly and effectually exercised in some places.
In
ROADWAY AND TRACK.
Minnesota the State Commission has, in several instances, so
was
renewals
exercised
the
and
it
as
to
ti.x
prices
for
service
less
than
actual
at
The amount exiwn.lod upon track repairs
paid for labor
cash cost of performing it. The Supreme Court of that State
«3,8W.8^ 19, fmm which'«l,310,678 (58 was
for value of rad has decided that the power of the State Commissioners to fix
ib» remainder, plus »46S,831 81 aUowed
.the net sum such rates is unlimit<?d, and that neither the Constitution of
taken ui. an! for oUf track raatonal, represente
branch the United States nor of the State affords the owners of the
U.tiea and other materials used in this
property any ]>rotection against such legislation. Nor has this
tons of new steel i)een helil \>y that Court as an abstract proposition merely.
';i. Ills were 14,461 1020-2240
11
tons of usable steel and iron rails, It awardetl a peremptory writ of mandamus ordering, under
2,344 penalty of fine and imprisonment, x)bedience to an order where
.
:.>,736 angle bars, 4.301 splice bars,
nut-locks, required for joint fastenings, the undisputed record before it showed an actual spoliation
728 new raih-oad of the property.
ISIS new switches and
The Commissioners of the State of Iowa by an order estab31st of lished rates for all the roads which, if applied to all the busi"oTthe 4,350 88-100 miles of main track in -use on the
cent,
per
3-10
ness of the Inter-State lines, would prevent any return upon
Mar laflt, there were 8.883 8-10 miles, equal to 90
tuiM
th«t e«!h ton
SSu mfte^mad?
iM
,'
,
,
.
,,
,,
Ud with steel rails.
QEi^EKAL REMARKS.
Compared with the previous year the gross earnings, expenses and taxee, and net earnings per mile of road operated,
wsra as follows
,„„
„ m'S9.
,„„„
Dtf.
1888.
188B.
$33B 25
lit0,39009
$6.053 84
Oro« BamloCT
3,990 18
^Srlm^M^iii and tax«i.. 3.776 49
J213^
$;22 5G
35
!f2,399 91
The operating expenses were 59 6.5-100 per cent of the
gross earnings, and, mcluding taxes, they were 63 38-100 per
cent, against 59 61-100 and 63 44-100 per cent respectively in
Metmmmpi
.•f!2,277
the preceding ve.ar.
The net surplus of the year from the operation of the railroad and from the land department was: from the Chicago &
North Western RaUwav, $622,01 1-36; from the trans-Missouri
River lines. $122,9!)6-57;'and from the Land Department, $394,188-28, making a total of $1,139,176-16, applicable to the wants
of the company in providing additions and improvements
incident to the growth of the property.
The report of the Land Commissioner, appended hereto,
presents the business of his departmeut during the year.
The net receipts from sales of lands and lots, including
cash sales, instalment payments, interest, and trespass
and stumpage on timber lands, were $394,168-33; the sum
of II5..537-07 was also received from sales of miscellaneous parcels of lands,
and credited to construction;
total
receipts,
409,705-90.
sold was 48,1.54 26-100, and of
which was §441, .559-59, paya-
The whole number of acres
consideration for
ble partly in cash and the balance in time payments, running
through several years; the sales from the Minnesota grant were
30,802 1 1- llKt .-icres, at an average of $5 96 per acre from the Michigan grant. 14.206 23-100 acres, at an average of |3 06 per acre.
and from the Wisconsin grant, 3,145 92-100 acres, at an average
of $4 96 Iter acre. The time assets of the department, on the
81 st of May liist, on account of previous sales of lands and
lots, amounted to$l, 147, 644-06. The number of acres sold under
contracts, but not yet deeded, was 360,085 80]>^-100 at the end
of the year, and the number of acres remaining unsold in all
the grants «as 954,951 4Si.^-100.
All the wiirks of construction in progress at the date of the
last Annual Report were completed during the year.
small local line or link of about eight miles in length.
called the Junction Railway, is being constructed from a ix>int
near North Kvanston to Chicago, to connect the Milwaukee
Wisconsin Divisions, and thereby avoid considerable terminal
haul.ige of trains into and out of the heart of the city, in the
largo interchange of freight between the main lines of the
lots, 1,75(>: the
;
A
&
Company
at
Chicago.
The Board of Directors authorized and the stockholders at
their Annual Meeting sanctioned the continuance of second
main track construction on the Galena Division, to close up
the gai^s between Nelson and Flagg, and RocheUe and Fox
stations, a di.'stance of about .59}^ miles, and a jwrtion
of the
work will be prasecuted the ijresent season, with the purpose
of completing the whole in the early part of next year.
Such formal action as was necessary was taken also at the
last meeting of the stockholders to bring in
and absorb three
or the smaller railway comimnies, whose roads
were built
ondcr separate charters, and were already owned by the
Chi-
& Northwestern Railw.-iy Companv, to wit: The Iron
Kiver Kiiilway ( oinmny and the Iron Range Railway
Company, in the mineral regions of the State of Michigan,
tAke Geneva and State Line Railway Company, in and the
the State
of
isconsin. in all olwut 75 miles of railrcad,
and tlie necesmry transfer of the franchises and properties under
the laws
of the rj-si*vtive State's lias since been
effected, thus reducing
proprietary companies contained withiS
«igo
W
theRXnT'
Ijj
common
with other railways, the property has been
oner-
Besides the efTects which have necessarily
been experienced
"'« ^£tcr-State cPommerce
il''L™"l"l.^r.L°^f
™V°°.to"L
U.? in
Law
its general application
the traffic moved upon our
!.m«. there has In-en .State legislation
and imposition of rate^
to diminish the
le revenues.
Tb.- T..-ij »iires of most of
the States in which the propertv
is sii
.sought to t^ike away the power of
railwavs to
maK
,i
'"K"e
11
»-ommissioners cre.ited by the
^n«,
State, .1
ih is reversing,
the matter of traasportation?^
the
m
w
the capital stock invested in those enterprises.
Resort to both State and National tribunals has so far been
inefifectual to protect the property from that order, and the
last-named Courts have held that they would not interfere
until the results of actual experience under the rates had demonsti-ated their effect upon the revenues of the railway companies.
These projterties are. therefore, in the plight that, in
case of the exaction by the Commission of non-compensatory
rates, the companies must suffer actual loss, even to the verge
of confiscation, before the Courts will afford relief. Should
the prescribed rates be found, upon trial, to have the damaging
effect claimed, there would be no redress from the State, because a sovereign .State cannot be sued.
In ordinary cases in-eparable injuries to property, other than
railways, can be prevented by the writ of injunction, but to
them this protection is denied. Writs of error have been allowed
in the Minnesota cases, in which this Company has a direct
interest, and they have been removed to the Supreme Court of
the United States. It is hoped that they may be so advanced
as to be decided before the close of the present year. In connection with the questions involved in these cases, it may be
mentioned that in the case of the Chicago Rock Island
&
Pacific Railway Company vs. The Iowa Commissioners, it was
stated, in the opinion of the distinguished Judge on that
hearing, that the questions involved in that case were purely
legal, and that " the main one is the power of the State to
make and enforce rates of tranisportation to be charged by
railroad corix)rations. and other common carriers, when, from
the pleading, such rates are admitted to be so low as not to
pay fixed charges and operating expenses. This question,
which has never been squarely determined by the Supreme
Court, either of this State or of the United States, is one
which must be met by the Courts and pas-sed upon, the same
as other questions of controverted rights between the State
and the individual."
The revenues of the Company have also suffered during the
past year from causes other than legislation and the coercive
of Commissioners.
The inability to maintain fairly
remunerative rates has been a fruitful source of evil to all
Other means having failed, the Company became
railroads.
acts
a party to what is known as the Presidents' Agreement, of
January last. It was confidently hoped that concert of action
upon a foundation so broad as to bring together rival and
competing lines for conference, with an Arbitration Committee composed of experienced men, in wham all had confidence,
would afford effectual means for adjustment of controversies,
without a preliminary sacrifice of revenue.
The Presidents' Agreement is launched at a time when the
railway situation is complicated by the intrusion of new lines
which, by their position on foreign soU, are in-esponsible to
Commerce law under which the American
contend for trvffic; and the combination of the Canadian
with their affiliated connections in the Northwest,
together with the unrestricted operation of the water routes
on Lake Superior, have developed a phase of competition with
the older roads in the Northwest which has compelled a
the Inter-State
lines
lines
reduction in rates for that section or the abandonment of the
business.
Other elements of disturbance between important lines i-unning southwest from Chicago have increased and widened the
field of competition, with the result that rates over large
sections of the Western country have been unsettled, and
many roads that were not immediately involved in the strife
have had to suffer.
While it is premature to form an opinion of the amount of
good that will result from the Association by keeping in harmony the consenting companies, it is believed that the best
interests of the railways and of the public will be served by
the continued co-operation of the railways for the maintenance of equitable and reasonable rates that shall not be
destroyed by the inconsiderate and hasty action of individual
roads.
All of
which
is
respectfully submitted.
MAR-^N HUGHITT,
& Northwestern
Railway Company, July 29th, 1889.
Office of the Chicago
[The comparative
statistics of traffic,
and the balance sheet, were published
August 3d, on page 144.]
President.
)
J
earnings and income,
in the Chronicle of
AuauBT
I'HE
10, 18t».J
CHRONICLR
17T
CONSOLIDATED MOKTOAQE BOND.
MEXICAN CENTRAL RAILWAY.
Dale -January
1.
1880.
X>eH««/iiio/ion.-$l,OiO.
CONSOLIDATED MORTGAGE OF THE MEXICAN CENTRAL RAILWAY COMPANY SECURING PRIORITY
BONDS DUE JULY 1, 1939, AND CONSOLIDATE IJ
MORTGAGE BONDS DUE JULY 1, 1911.
i)a<e.—January
—
1,
1889.
Parties. The Mexican Central Railway Company of thi'
first part, and the Boston Safe Deposit
Trust Companv,
tinistee, of the second part.
Property Covered. All the standard gauge railway and telef?:rai)h lines of the company, below described, and their shops,
stations, lands, rights of way, structures of every kind, machinery, roIling-st<x;U, ecpiipment and appurtenances of every
nature, whether now owned or hereafter acquired, anil
profits
thereof, together with all
all
interest in the
$22,000,000 (lovernment suljsidy mentioned
below, subject to the existing lien stated below upon $15,780,000;
also all fii-st mortgage bonds dated June 1, 1881, issued at not
exceeding $32,000 per mile, received in e-tchange for the boiKis
seciu-ed hereby, to be kejjt alive a-s collateral security, and
stamped, if not already stamped, as being subject to an indenture of December 1, 1885, in which it is agreed that the 7 ]x>r
cent interest upon them shall be jmyable as follows: 4 per
cent to be paid firm, and the remaining 3 per cent to be noncumulative and payable only out of the balance of net earnings on hand Aprd 1 and October 1 in each year "after payment of taxes, all other interest (excluding the income Ixjnds),
all expenses for operating and repairs, and such improvements
and additions to the property as the directors of the railway
deem essential, and which shall be subject to the Uen of tliis
&
—
bond.
The railway and telegraph lines are as follows
1.
The main line from the City of Mexico to the United
boundary line at El Paso, Texas, about 1,235 English
:
States
mUes.
2.
A Une from junction with the main Ime near AguascaUentes easterly to Salinas, about 61 miles; also a line from
Tampico on the Gulf of Mexico westerly about 120 miles:
these being part of an intended continuous line from the main
road via Salinas and the City of San Luis Potosi to Tampico
about 396 miles, the remainder being imder construction.
3.
A branch from Silao on the main line easterly to
municipality of Guanajuato, about 11 miles.
4.
A Une from Irapuato, on the main line, westerly, via
City «f Guadalajara to San Bias, on Pacific Coast, or to such
other Pacific port as may be hereafter determined under act
of June 30, 1886, and amendments. Of this line there have
been constructed the part from Irapuato to Guadalajara, about
161 miles, and also about 16 miles from San Bias easterly, or
such other mileage as the company may create instead thereof,
if it selects a different port on the Pacific coast under authority referred to.
5.
The Sacramento stone quarry branch of about 6 miles.
The subsidy from the Mexican Government was made payable to the company in certificates which should be receivable
at all frontier and maritime custom houses, in payment of a
percentage of all duties on importations, the company being
entitled to receive the certificates upon completion of eacli
section 25 kilometers in length.
Of these certificates $5,730,000 were pledged to secure coupon notes due July 1, 1889.
$5,000,000 as part security for debentures due April 1,1895.
$5,000,000 as additional security for the 1st mortgage bonds,
which are also a second Uen on the above amounts. [Concerning the retirement of the coupon notes and debentures see
"amount authorized" imder priority bond below.] On account of the line from Irapuato to Guadalajara already completed, and the Une from AguascaUentes to Tampico partially
completed, the remainder to be finished as soon as practicable,
the company will receive a large amount of certificates of
which the $6,270,000 herein included has never before been
pledged. These sums together make the $22,000,000 subsidv
referred to above.
It is provided, however, that if the company shall hereafter construct any other railways it may, at its election, consider the same as covered by the mortgage of June 1,1881,
and by this mortgage, or it may make separate mortgages
thereon.
Classes of Bonds.— the bonds are issued in two cla.sses,
the priority bonds being "entitled to be paid first in full, principal
and
interest."
PRIORITY BOND
J»a(e.— January 1, ISSs).
De/iomijiudoH.— !H,000
eaeli.
Ammntt ,1 M(/.',ri;e,/.— .f8.OtO.000, of which $7,000,000 to take lip and
canci^ the cnupou note-* ami ilelieiituresas wi-U as the coiij.oiis ilt-im.siUil
a8 8c(?urity,fortlie couimju iiotTOiiinl tlici asKliieoouiiouBoii the !f2.s0i
OOOflr.st iiioitf: iKu l).,ii(U deposited »s part security for the dclientnrcs,
•na*!, COCO. (I to be restrved and ir-siicd only to pay for additional
rolling; stock n Uen nee cssary, and uiarljed -eubject to the consolidated
,
mortgage of .Ian. I. IbH!'."
Prmchial 1' yubl' .-ia\y
1, 1939, either in .fLOOO (told coin of the
etiites ill Boston, or in Jt2a6 steriinK in l^iidi.n
Inltrcsl /'ai/afc/f.-.Seuii-aunuaily, from July I, iHsg.on Janu.-U'y 1 and
July 1 , at the rate of 5 per cent per .inuuni, biiug *j5 in like irold coin,
or £s 3bt. in sterling.
Kedempiiun before malurili/.-Thia bond may be called lor payment ut
and accrued interest at any time, notice being given by iidvertiscnt ten times lu lio.^ion and London.
/iepM ra/io«.—cou|H.u bond with pi'lvllege of rojiistratlon as to principal a.MUe, 01 on 8urr> uder of conpous as to principai and Inteiest. bat
oiilstandliigeonponH shall be payable to bearer, whethor the bond be
regi8t«icdor not.
Uullod
no
•
Ammiil
Aut/ionz^,l. -^:i;.0(}0 pvr m[U- (,t coDStriiclcl
rallwarto
iMued oiiK 111 exelia ge. bonil for bond, for the (lr»t luonKiige bi>..d« h^
{•rmewal /•oi/,.('/«.- July I, 191 1. In gold coin of the U. B.. In Boston
'"'«'•"' I'aiiabte. -Scmi-ttunually. at the rate of •» per cent
per
Ul!i'f<Hu'«.--Oim\K,n bond «lth
priority bond above.
lame prlv
annum
lege of registration
«•
»>.h/ub»
'
Default— Railways and Tele^aph.—The comimnv shall pay
any taxes and assessments which may be lawfully "levied but
unless the Trustee, in writing, requests the company to
par
failure to make such payment shall not l)e deemed a default *
In case of default in the payment of interest on the prioritv
bonds continued for three months, orof interest on theconsolidated mortgage bonds, or in any other re(|uirement of this indenture coutitiued for twelve months, or before if the company
consent, the Trustee may enter up<jn and o|K'rate the proiierty
an
plying the net income therefrom to the p:iyment of mterwt
upon
the priority bonds, and after paying all interest due, to
the
satisfaction of the principal at that time due and unpaidand
the remainder shall be applied in Uke manner to the interest
and principal of the con.solidattHi mortgage bonds. Provided
that if at any time prior to sale of the proi)erty the
companv
shall pay all principal and interest duo and unpaid,
and aU
lawful taxes and- a8ses.sment8 overdue; or if the Trustee
haa
jwid the same in fuU out of earnings and the receipts
from
subsidy (said subsidy being applicable only to payment
of
principal or interest of said bonds), the proijerty sliall be
surrendered to the company.
In case of default, made and continued as aforesaid, or
of
default in the payment of principal continued for the
periods
aforesaid respectively, the Trustee may also sell aU the
premises
hereby conveyed, either subject to the Uen of the prioritvbonds, or entirely free from all liens created by this mortgaKe
at pubUc auction, ajtiilying the net proceeds therefrom to
the
payment of the pi incipal of such of the priority bonds as may
be at that time unpaid, whether or not previously due, and
of
the interest due and accrued, without preference between
principal and interest and the remainder to the payment
in
Uke manner of the principal and interest of the consoUdated
mortgage bonds ;' but if the property has been sold subiect
to the priority bonds, the net proceeds shaU go to the
payment
of principal and interest of the consolidated mortgage
bonds
The above provisions for enti-y and sale are cumulative to
the remedy by foreclosure in the courts of Mexico, and
the
Trustee may, and upon the written request of holders of
a
majority of either class of bonds shall, institute proceedings
to foreclose this mortgage as said majority shaU direct.or
lacking such du-ection, in such manner as the Trustee deems
most
expedient.
The companv may, at any time, for the better security of
the bonds, surrender the property to the Trustee.
It shall be the duty of the Trustee to execute the power
of
entry or sale hereby granted, or to take appropriate proceedings in equity or at law to enforce the rights of the bondholders, upon the written request of holders of a majority in
interest of the outstanding bonds of either class.
In case of default in the payment of interest, continued for
three months in case of the priority bonds or six months in
case of consolidated mortgage bonds, then the principal of all
the bonds secui-ed hereby shall, at the election of the TVustee
become immediately due and payable; but a majority in interest of the holders of each class of bonds may, by an instrument in w tiling, instruct the Trustee to declare the principal
due, or to waive the right to do so, on such conditions as the
majority shall deem proper, or may annul or reverse the decision of the Trustee.
Default— Collateral Security.—In case of default in the pay*
ment of principal or interest of any of the bonds secured hereby, the Trustee may at once proceed as holder of the first mortgage bonds deposited as collateral security hereunder, to enforce its rights and to procure a foreclosure of the mortgage
securing them, and to take proceedings in law or equity, in
Mexico or the United States, to insure the full payment of the
bonds of this issue. And for the same purpose it" may sell the
subsidy certificates, which it may receive as provided below.
And the Trustee may, and upon demand of holders of a majority of the bonds of either class shall, exercise the foregoing
powers, or such of them as the holders of said majority demand. AU moneys derived from coUateral securities in any
manner, except as iwovided in the foUowing jMiragraph, shall
be applied to the payment of both classes of bonds in tliemanner specified above. During foreclosure pr(x;cedings, however, said moneys shall be applied only to the jiayment of
interest on the priority Ixmds, and to the payment of th&
principal if it be due, until all have been ptiid.
Collateral Seeurity.—Tlxe fii-st mortgage bonds received in
exchange shall be registered in the name of and delivered to
the Trustee to be held in trust as additional security for the
Ixinds of this issue.
Provided, that when all the $2,5tK),000 debentures have been satisfied, the $2,500,000 first mortgage
bonds now held as collateral security shall be received by the
company, the overdue coupons having been canceled, and the
bonds shall be stamped "assented" and exchanged for an equal
amount of the consolidated mortgage bonds and deposited with
the Trustee.
While interest is paid when due on the bonds issued hereunder the Trustee shall deliver to tlie company for cancellation the coupons on the first mortgage bonds as they fall due;
first, however, demanding and receiving the interest above
4
per cent per annum to which the first mortgage bonds may be
;
'
THE CHRONICLE.
178
'" -
and second
indenture of
Wl.il.
'i^XX
""^llu"
ovn .late herewith^
-
CO..
tlif
U
"be
®0mmertial %xmts.
COMMERCIAL EPITOME.
Sei under an
the company may receive
hereut
.„;'fxlu
U exists he^under
.7,^ .>,.,thor
obliirations for the said $6,2.0,or other obhgations
rates
subsidy and may
Mira and Tanipico lines
inters^
pay
to
u^Ju
and
'^^n^
Fbiday Night, Aug.
,,,,
'•'"
'''
G.
pal,
.-^.i""^'
due,
—
'"''
,
bonds
.>f tlie
their
>
lieretrnder, according to
."-tiy^.u'^urT^VnUny ehaU upon de.'
obligation.
""'^
_
^-"i„." /^„:.i„ ^^i^ifirfltM denosited as seem
de—ueut-ijiu.^.
anu
.."%"":„,
notes
for the coupon
t)%
P-?-^4J;tThe1^t^tJ^e^fl<^^-'»
—
^
j
1
'
sha.l^^
(Sit'^^e.^v'S. been -as«CKi lJ«^emoer ^^V^g^^J^^l/^
_ .„__^^^^ f„^
under tlie mdenture of Trustee
Tniateeundi
TTiMtee
?or collection
^Ini^,
b^^l?
Sr*ttuon" orae^^'tniJis
with tl.e Me^icju. law wh^^^^^^^^
_,
!^.S^^.
S^to,ry^inS tS^SSai
the assented
if-due) of
be used to nay.
CrdeStJ^tith shaUissued
hereunder
pri"u il^lif due) of the tends
it
interest (and
m the order
of
exchange of the
T^toe shall consent to and make such of
the Govern-
•"tiIJ
XUX.
^Ixje
-
'«"'
f ar ax nut ]«!
turn
[Vol.
9, 1889.
There are no particularly new features in trade. The feeling
In commercial circles is generally hopeful. There has been a
large failure in the woolen trade at Boston, but this is attributed to special causes rather than to the condition of that
branch of business. The iron and steel transactions are graduThe outlook for the crops is on the whole
ally expanding.
.e.7 favorable, though c.rn is rather backward.
^^^^ ^^^^ ^^^ moderately active at an advance The close
to-day was fiim, after sales of 100
6'75@() 77}^c.,
and 100
tcs. city at
tcs.
Western on the spot at
RsBned was quoted
6253.
at 6'65@6'95c. for the Continent.
DAILY OLOSIKO PKICK8 OP LAHD FnTUBES.
Salurd'y. Mond'y.Tuestl'i/.Wedn'ml'y. Thund'y. Friday.
6-78
6-75
6-77
6oi)
6-61
Sept. rtellvery....c. 6-56
0-78
6-77
0-70
G-75
c-61
Oct. delivery. ...c.6-:<9
6-57
6--)9
6 56
6-40
e53
c.0'39
Nov. deliveiy
6-49
6-48
G-48
C-38
Dec. delivery
6-45
6-45
e-47
e-39
Jaii^ delivery
Pork has been in light demand and without marked change,
Bul^Wv^rtiicat"* for such other obligations
otherwise, as shall be agreed be- closing at f 11 75@|13 2.5 for new mess and $10 7.5@|U 2.5 for
or
interest-bearing
ment
unless within forty
extra prime. Cutraeats have latterly been dull and rather
T^^n the .-.M. ,«nv ami the Govennnent,
advertUenient the Trustee
an
of
publication
la'
t
h
er
<l"^a f
weak, with smoked shoulders oj^c, do. hams 12J^@ 12)^0.,
of
one-half
of
lu writing signed by holders
"'.,„,
J.,
pickled shoulders
subsidy certificates, or obligations
when, where and
renrt^nting them, from Ume to time,
the company
ISchmanuor as the Trustee deems best for both
no default, or alter
the trusts herein created, if there be
alone; and the moneys
default, for the interest of these trusts
• "il shiiU, if the company so requests, providmg no
tl,
duection for the
is be iL<od under the company's
,i
id cancelbtion of the priority bonds, buying them
uipurchasable for less
in'the market or calling them, if not
priority bonds bemg all
than 110 and accrued interest, and the
canceUation
canceled then in like manner for purchase and
if the company does not
of the consolidated moitgage bonds
providedabove in
so request, said moneys shall be applied as
telesecond paragraph, conceniing default (raUways and
'
,
:
iMll^^ll the
m
Md
'
5c..,
do.
hams
lOJiOllJi^c.
and
do. bellies
Beef has sold slowly at
unchanged prices, extra meBS bsiag quoted at $7 per bbl.,
packet at $9 and extra India mess $12 50@fl5 per tierce.
B.ef hams have been steady but quiet at |15@.$16. Tallow
has latterly been dull and weak at ^]4%\ 9- 16c. Oleomargarine has advanced to o>^@ 6c. Stearine has been unchanged
Butter has been firmer at ll@18c. for creamat l)4@t^c.
ery. Cheese advanced early in the weeK, but reacted today
and closed dull and weak at 83^@8>^c. for full cream fancy
6';'4@8c.,
for 10 to 14 lbs. average.
;
State factory.
Coffee has advanced owing partly to smaller receipts at Rio
and Sintos and partly to less favorable Brazilian crop advices
Tnixtees.—'niP Trustee may be removed at any time by vote together with an advance at Rotterdam, at the government
class of bonds,
of a majority in interest of tlie holders of each
To-day the market was 10 to 15 points higher for opsale.
and may be removed by the company with the wiitten assent of
the
"long" selling at the advance. The world's visible
vacancy
in
A
with
tions,
holders "of one-third of each class of bonds.
trusteeship may be tilled bv appomtment by the company, supply in July decreased 146,223 b.^gs, bringing it down
August 1, against 2,369,270
on
bags
with the approval of a majority in interest of the bondholders. to
3,432,953
Tne American
And if the vacancy be not so filled within ninety days, any bags on the same date last year.
Justice of the .Supreme Judicial Court of Massachusetts may, visible supply is 414,213 bags, against 303,321 bags at
uiKin application of the comiwny or of holders of one-fourth this time last year. The purchases at Rio and Santos for this
of each cUlss of bonds, appomt one or more persons or corpor
country have latterly been incrf asing, £0,000 bags now being
Frequent " firm offers" from Rio have
ations to till said vacancy.
afloat from Santos.
The trustee sliall not be liable for any error of judgment or been made here, generally at prices above the parity of New
niistjiko of fact n;ade in good faith, nor for any act of its York options, though to-oay some of them it was stated were
agents s.'lecte.l in good faith.
on aparity with New York "quotations and were accepted, sales
Bomlholders Meetings.—Ueetings of the bondholders, or of of <ptious being made against them on the Exchange. The
either class, for any purpose may be called by the trustee or close here was steady on the spot at ISj^c. for fair cargoes of
by the company, or by holders of one-fourth of the outstand- Rio with more activity. Options closed firm as follows:
ing liouds by advertisement in Boston and London.
15c -ffilSCJo. |Nov....l5-10c.®15-l.'ic. FcV)....15-05c.a'1510c.
Auk
Sept'isSOcalSlSc. Dec... ia-10c.*15-15c. March. l.o'10c.®1515c.
Oct.l5-10c.a 1516c. Jan... 15 05c.ffll510c. AiirU..1510o.®15-15e.
IVniisvlvania Ponghkeepsie & Boston— Campbell Hall
Raw sugar has been dull, weak and nominal, closing at
A 50-year .5 per cent mortgage for §500,000 65^c. for fair refining and 7»^c. for 96 degrfcs test centrifuConnectlnj,-.
the
latter
company.
The
road
is
autliorized
by
conbeen
lias
The stock of raw in the four priucipal American margal.
trolled by the Pennsylvania Poughkecpsie & Boston, and is a
kets on the 7th instant was 59,473 tons, against 112,559 tons
continuation of its line from the Stateiine dividing New York
on August 8, 18'^b. Refined closed quiet at a decline to 8^c.
and New Jersey to Campbell Hall, 20 miles, where a connection for standard crushed.
isina.ie with the Pouglikeepsie Bridge Company's thrtnigli line
Seed leaf tobacco has been steady, and moderately active.
About .5 miles of the Campbell Hall conto New England.
The sales embrace CoO casts cr.^p 1888 Wisconsin Havana at
the State line to Pine Island, have atreadj
necting tine. fi(
10 to 13c. 2.50 cases 188» New England Havana at 19 to 22^c. ;
been coinple'.oil. and for the present the tracks of the Erie
150 cases 1886-87 State
1^88 Pennsylvania at \\%c.
between Pine Island and Campbell Hall. 200 cases
r.nd wiil
150 cases Pennsylvania seed leaf at
at 13 to ICc.
Havana
.e been issued on the 5 miles of completed
B<jnd8 f
10 to 14c., an(i 150 cases sundries at 5 to 35c. also 450 baits
n.,T(i.
It i- IN uuuid that Ix.th the Campbell Hall coonecfing
Havana at 68c. to $1 10, and 300 bales Sumatra at $1 45 to |2 25.
liii' and the Peiiu. P. & B. road shall be in operation from
tobacco has been quiet, but owing to less favorto
Campbell
Hall,
.siatiugton. Pa.,
N. Y., 93 miles, by Sept. 21. Kentucky
able crop advices prices have been firm. The sales are 200
Sntro Tunnel.— A dispatch from San Francisco, Cal, Aug. hhds, of which 100 hhds. are for export.
.), said :— " The sale of ;he Sutro Tunnel property for $1.32.5,On the Metal Exchange trade has been quiet. To-day tin
000 to agents of the Union Trust Company, of New York. was firmer at 19-95c. for Stiaits on the sx)ot and for October,
which took place January 14, has been confirmed by the while 10 tons for September sold at 19-9.5c. Copper was quiet
United States Court at Cai-son, Nev. In accordance with the but firm at 11 -900. for Lake for August and 9'50c. for good
decree a deed 1ms been executed by the SherifiE conveying all merchantable for that month. The combination price for
proix-rly sol.l to the New York company. The sale was made
Lake on the spot is 12c. Lead has fallen to 3-85c. for domesto hBtisVy a incrtunge held by the late Hugh McCalmont as
Pig iron has been very firm with a fair detic for August.
trustee for Knglihli tiipitalists.
mand, and iron and steel m<iuufactures have sold more
Znne.sTille & Uhio Klrer.— Default was made in the pay- freely. Steel rails h.ave met with a pretty good demand, but
ment of interest due August 1. During the month of July a the actual sales have been small. The quotations are $28ie- §28 50.
committee comiKised of Messers. August Belmont, Jr. H. B Spirits turpentine has advanced to 42ia)42i^c. Rosin has
HoUins, E. JI. Needles (President Peun. Mutual Life ins been in moderate demand, closing steady at §1 02i^@Sl 07J3 for
Co.. Phila.), and E. E. Denniston, (jf E. W. Clark & Co., was common to good strained.
Refined petroleum has been firm
apiioinled l)y a majority of the bondholders of the Zanesville at 7-40c. here. Crude certificates have advanced and closed
Ohio
River
Railway
Company to protect the interests of the at 100>'8@100i^. Wool has been quiet but firm. The sales
&
iM.udholders In anticipation of the default which has now oc- have included fleece at 35@38c., vmwashed do. at 30c., combcurreil. and the .ommittee are about to proceed to take
meas- ing at 40c., scoured Southern at 42c., scoured lambs at 48c.,
ures for the complete protection of all bondholders,
Texas at 19@31c, and Montevideo at 39}^c,
I
I
I
—
m
:
;
;
( 11
;
,
g"
«
..
ACGDST
THE CHRONICLE.
10. 1889.J
179
OT TON.
C
In addition to above exports, our toIogramB to-night also give
UH the f(jllowing amounts of (ujttoii on shiplioard, not cleared,
Friday. P. M.. August 9, 1889.
We add similur ligxires for New York
at the ports named.
The Movement op the Crop, as indicated by our telegram.^ which are prepared for our sp«cial use by Messrs. Carey, Yale &
from the South to-niRlit, is given below. For the week ending LAinbcrt, 'M Beaver Street.
1,005 bales,
this evening the total receipts liave readied
On Shipboard, not tleartd—for
against 911 bales last week and 1,710 bales the previous
Leaeinr
week; making the total receipts since the 1st of Sept., 1888,
Axtg. 9, at—
Oreat
Other
Ooatt5,509,031 bales, against 5,507,511 bales for the same jieriod of
1887-8, showing an increase since Sept. 1, 1888, of 1,530 bales.
Rectipltal-
Mon.
Sal.
44
33
3
Galve^itou
£1 Paso, &c...
New Orleans...
Thurt.
Wed.
Taea.
Frt.
22
10
Total.
30
14'J
109
G
C6
Mobile
1
2c:j
!»
Florida
"
Bavannali
"i
Wilmington
H
11
7
1
108
2
Brimaw'lt, &o.
Charleston
Port Royal, itcc
7
40
8
17
1
Norfolk
West Point...
100
N'wp'tN's.&o.
10
lOa
15
10
253
2,->3
New
York
Boston
Baltimore
10
8
8
28
Pliiladelpb'a,iico
Totals tills week!
28
52l
253'
118^
4<
59
l.OIO
For comparison we give the following table showing the week's
total receipts, the total since September
to-night, compared with last year.
1888-89.
Beeeiplt to
Thu
9.
1,
112
...
El Pa.so.&e.
New Orleans.
263
Mobile
Florida
9
..
120
Bruns., &c.
Charleston ..
P. Hoyal,&c
40
Wilmington
17
Savannah.
.
Wash'lu,,SiC
Norfolk
West
Point.
NwptN.,&c
New York.
..
2
48.';,693
411,190
136,273
130,831
103,743
66,167
Phil'del'a,
253
28
..
&c
Totals
This
Week.
and the stock
5l,6.".9
1,010 5,509,031
St.ck.
Since Sep.
1, 1887.
871
671,372
23,132
1,689,413
209,350
27,010
814,728
132,099
383,685
16,223
152,090
4,369
8
Baltimore.
1888.
103
15
10
Boston
1888,
1,
1887-88.
Since Sep.
Week.
G.ilvcston
1,375
None.
None,
None.
None.
None.
."avaiiiinh
(Ittlvcston
1889.
318
571
1,544 1,773,393
139 204,856
29
24,309
1,695 872,888
1,200
77,346
486 422,258
159
16,627
102 168,400
4,933
1,529 490,331
847 406,197
89 122,181
731
92,080
461
96,864
50,512
33
27,411
5,752
22,010
96
1,4U1
1,051
1,25-4
130
6-10
98
159
375
439
885
86,590
2,700
128,67il
986
5,0 1->
3,8.54
4,237
102,014
I
I
i)ort8
7,400
1.000
Total 1889...!
9,775
Other
051
None.
None.
None.
None.
None.
3,000
16?, 317
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
750
None.
1,701
i
Total 1888..
Tota l 1887^.
1889.
1887.
1888.
Galv'8ton,&c
Orleans
Mobile
142
263
1,544
9
139
Bavannah.
120
40
1,695
New
..
Charr3t'n,&c
Wilm'Kt'n,ic
Norfolk
1,665
5,340
14
118
299
882
99
448
44
4
595
109
1
12
1,529
965
201
2,425
1885.
1,741
27
10
615
102
17
2
W't Point, &c
All others....
2,738
9,915
1,010
7,270
6,060
we
240
540
33
208
100
30
548
296
13
64
170
4
50
18'J
—
3,125
2,898
w
C
Week Bndino AU]
ExporUd to—
Exports
Oreal
from—
GalTeatoQ.
'trtf'?..
Prnnct
2.437
2.517
Canli.
nent.
.
8.
Orleans..
Mo;>lle.
Tofal
WitK.
Bninswtcic
Caarleston
on...
West
Point.
.
<lc.
B»ltlmore
6,7)5
13
1,311
499
Total
9.r:3l
7,753
AUQ.
0,
1»9.
7.383
Conti.
nent.
87,627
Total
314,442
428,410 1,484.201
50,40S
!!!i,476
11.612
5,:)6a
«2».858
as.Csi
323,S7S(
44.808
M.l8;i
25,710
177.1101
257.521
UPLAND?.
22.B«5
43.H52
262,^74
171,003
12,3«1
llrS.lJl
07.737
58,420
i.ibh
3,7
8
Hi
45tf|
4.5i-8
138.393
43.031
2.350
350
10.850
1,000
89
75,740
6,038
I
460
|
284.872 1.W2
Ih
5,891
\
3,180
14,026
|
318
87,388
I
20.019
15,599
2,022
288
I
I
146,298
120,602
5
60,150
litS >8l»
13,211
tl'.lttu
-T? lb.
F.air
GULF.
12,4113 2.8;3,490 404.022 l.S02,8»3 4.5S0.805
9
9
Sat.
ip lb.
Ordinary
Strict Ordinary
Good Ordinary
Strict ('r<iod f ndinary
8i3,e
Wed Th.
Prl.
S'lg
8»ig
8»i«
9
1
non
Tne>|
8i-S„
81I1
9
9
im
lOOg
Ills
ll^a
IVh,
110,6 ll'.e
,12lie 12l,g
12 Hn 1-ihK
1231
!l25i
11338
1338
Middling Fair
Fair
STAINED.
^
lb.
Il0i3r
Middling
lOlS
Prt.
I
813,,
914
9>4
9'4
!0:<„ |I03.« 'lO»,g
105«
Il0»n 'lOSs
lllH
.Ills
n3» ill% |U39
113b
11 '1.; 111",,
11»I6 11»18
121,6 Il2'l« 12'ie
12->,„ |125,g 12^18 1125,.
12\ 12?l 12^ ll2Kt
1338 ilSSg
133a ll338
87,„
91,,
10
10
8'-',,
'I2i„i
87„
8"i6
9' 19
Ordinary
Low Middling
!ll^
inon'Tura
Hat.
Good Ordinary
1058
lO^s
im
GoodMidrtlmg
Stnct Good Mljldling
9'4
10s«
10',
10-<)«
I
Wed Th.
I
914
91.1
I
Low Middling
Strict (Jnod
8»i6
iim
Fair
strict
Tnep>
8»i«
1
6'°if S'he\ 913|6 O'Sie »i'i8
1038 11033
1038 110%
1038 :1038
10^8 :io'6
10^8 !i07a
10^8 iio'a
Ilia
Ills iiiig
ii>8
lli,„ !ll6j« 116,« 1115,8 116,, |116,,
1113,, 111 s,«;iii3i« 11^1, iii.i,fjiiiJ,e
12i!B 1121, „ il2>,„ !l21,„ 121, g 121,
1121-2
121-2
12>*
;12>-2
;i2H! Il2>9
131,1
11316 \\-ih, 1131h •]3^
13%
GoodMiddlfnx
Strict Good Middling.
Middling
Mou
89ig
9>Sl6
Wed Tb.
87,6
9'l«
FrI.
87,g
9I18
ilO
•IS'- 10
!lon„ 1013i.!lOH|> 10I3,«
MARKET AND SAXBIS.
The total sales and future deliveries each day during the
week are indicated in the following .stateiiicut. For the con
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
OF SPOT AND
S.\1.ES
SrOT M.\RKET
CLOSKD.
Con-
Export.
1,954
Mon Finn
.
f
Tne9. Dull but Arm..
...
Wed.lFIrm
100
520
Thnr. Firm
Frt.
Isteady
Total'
'
....I
'
3,343
'
I
TE.4N8IT.
Sper-Tran
su»tp.,ui*l*n
2,723
Sat. .iQnietandflrm.
. .
18.5i8 a,603.6e« 110,472j 1.382.881 |4,S0!.cai
—
Mat.
I
Ordinary
Strict Ordinary
Good Ordinarv
Strict Good Ordinary.
100.747
818.032
07,737
718,887
350
None.
None.
90
l.'iO
051
—
88,315
4,074
i.iaii
Phlliulolp'a,4c
Total 1887-88..
81,076
710,^05 281,038
60 4US
78.0»iJ
NoriolK
Nirpt Nwa.
Went York
Great
Britain. Franct
203.73B
4.9M
Pavaniah
wiimioe
Stpt.X. 18SS, to
Extorted to—
...
New
From
3,426
—
LowMlddlin?
1,55^
1,980
for the week ending this evening reach a total
of 13,518 bales, of which 9,331 were to Great Britain, 3,728
to France and 459 to the rest of the Continent. Below are
the exports for the eek, and since Sept. 1, 1888,
...
2,320
None.
None.
100
None.
(
I
bales.
For immediate delivery the total sales foot up this week
8,003 bales, including 3,343 for export, 4,659 for consumption,
for speculation, and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
each day of the past week August 3 to August -O.
MiddliiiK
The exports
^^
,
None.
None.
None.
100
None.
of four jioints over " regular
August, owing to a desire to obtain the cotton at once rather
than leave it optional with the seller to defer the delivery till
the end of the month.
On Wednesday there was only a small
advance in response to a rise in Li\erpool. The tradin.g on
Thursday was very light and prices fluctuated withiu very
narrow limits. To-day there was a sUglit decline in August,
the short interest in which is sujiijosed to be pretty well liquidated, but in other options there was a moderate advance with
the interest chiefly in September and October. Cotton on the
spot has Ijeeu firm, with moderate transactions, closing firm at
11 5-16c. for middling uplands.
The total sales for forward delivery for the week are 184,700
Low Mid<lliuK
Low Middling..
1884.
5509,031 5507,511 5213,448 5314,.557 4739,659 4810.928
1
2,700
i
The speculation in cotton for future delivery at this market
has continued on a rao<lerate scale, but at gradually advancing
prices, more particularly for the new crop options.
On Monday prices advanced, owing partly to the weekly Government
report stating that there was shedding of bolls in South Carolina, together with excessive rains in lx)th North and South
CaroUna, and a lack of rain in Texas, where it was said to be
needed. On Tuesday there was a decline, especially in August,
wliicli fell ton points, the depression being due to disap|)ointing advices from Liverpool, where, although prices advanced,
they did not show so great a rise as liad been expected after an
interval of several holidays there, during which New York
prices had risen quite materially. Moreover, there were reT)<)rts
of rain in Texas, and there was some selling on '• stoj) orders."
"
It was noticeable, however, (hat August " short notices
.Middling
Tot.thiswcek
Since Sept.
871
1886.
1
400
782
11,706
11,379
Strict
Receipls al~
None,
None.
None.
None.
None.
None.
2,700
None.
,
Tolt.1.
„f,,.
commanded a premium
Is^-^^i.
656,859
9,915 5,507,511
Now York
'
j
Stock.
^„,,
|
120
W'a«li'gton,<Sc
August
New Orleans...
Mobile
Charleston ....
Norfolk
23
n.„„,.
"-anet.
/•<,„,„„
Britain,
.It:
IVita/.
4,677;
633
63
656
6:(:^
8.52
l.liT.
501
501
4,659
SaUt.
1
lytiih
trie*.
7,000
.i'j,:iool
:i4,-i0O|
8,002 184,7O0|
daily .Irfllveries giTen above are aetnally deliverea the
previous to that on which they are reported.
The
day
'
'"
.
.
THE CHRONICLE.
180
or Fdtums are shown
TM Saub aotivcPwcm
table
by the
follow-
if
LVOL. XLIX,
as made up by cable
as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
figures for to-night (Aug. 9), we add the item of exports from
the United States, including in it the exports of Friday only.
The Visible Supply of Cotton to-ni^ht,
and telegraph,
oompreheM
in)(
..
.
.
is
1889.
1888.
1887.
bales
624,000
20,000
491,000
18,000
031,000
29,000
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
644,000
509,000
3,000
37,100
8,000
660,000
4.200
Stock at Liverpool
Stock at London
3,f>00
30,200
8,000
300
15,000
85,000
5,000
55,000
7,000
at Antwerp
at Havre
at Marseilles
Stock
Stock
Stock
Stock
Stock
Stock
58,.500
30,000
1880.
5.57,000
2.'),000
582,000
2,300
37,900
22,000
300
600
],-200
202,000
3,000
32,000
4,000
9,000
130,000
7,000
50.000
15,000
200
4f)0
1
,200
4,(K)0
120,000
3,000
51,000
7,000
11,000
Total Continental stocks
213,000
241,600
344,100
275,800
Total European stocks.. ..
India cotton afloat for Kurope
Amcr. cott'n afloat for Kurope.
857,000
730,600 1,004,100
60,000 118,000
38,000
44,000
13,00O
22,000
168,317 136,201
19,751
19,026
8.57,800
at Barcelona
at Genoa
at Tiiest*
40,fK)0
23,000
6,000
02,014
7,380
1,919
E)m)t,Brazil.&c.,aflt forE'r'pe
Stock in United States ports
Stock in U. S. interior towns..
United States exports to-day.
.
1.155
1,163
1
0,(K)0
134,000
50,000
3,000
205,572
42.280
736
1,043,313 1,050,823 1,344,4901. 293.388
Total visible supply
Of the above, the totals of American and other descriptions are as follows;
American-
378,000
112,000
23.000
102,014
7,380
334,000
133,000
38.000
168.317
351.000
177,000
44,000
136,201
19,026
1,919
19,751
1,155
1,163
397,000
196,000
50,000
205,572
42,280
736
624,313
694,223
728,390
891,588
Egypt, Brazil, &c., afloat
246,000
20,000
101,000
46,000
6,000
157,000
18,000
108,000
60,000
13,000
280,000
29,000
167,100
118,000
22,000
160,000
25,000
79,800
134,000
3,000
Total East India,
Total American
419,000
624,313
356,600
094,223
610,100
728.390
401,800
891,588
bales
Liverpool stock
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day.
Total American
£asi Indian, Brazil, ac.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
—
A-c
Total visible supply
1,043,313 1,0.50,823 1,344,490 1.293.388
6i4d.
5iii,d.
oi'i d.
Price Mid. Upl., Liverpool
5»2d.
lli>, o.
Price Mid. Upl.. New York...
ll'uc.
9%c.
9iuc.
.
The imports
into Continental ports this
week have been
13,000 bales.
The above
figures indicate a decrease in the cotton in sight
7,490 bales as compared with the same date
of 301,177 bales as compared with the
a
decrease
1888,
corresponding date of 1887 and a decrease of 250,075 bales as
to-night of
of
compared with
1886.
At THE Interior Towns
movement—that
the
is the receipts
the shipments for the
week, and the stocks to-night, and the same items for the
corresponding period of 1887-88 is set out in detail in the
oUowing statement.
week, and since September
for the
1,
—
St,
Total,
Little
Rome,
Raleigh,
Atlanta,
Selnui,
Dallas,
Griffin,
Macon,
August
Eufaula,
Houston, Brenham.
Vicksburg,
Newberry,
Petersburg,
£
Palestine,
Coliuubus,
Charlotte,
Louisville;
Columbus,
Nashville,Memphis,
Cincinnati,
Sbrevoport,
Louis,
Montgomery,
Ga
Rock.
N.O,...
Tex...
Ga
Ga
Mo N.
8.
Ky.*.
Tex.
o
a,
old
Ga
Ala
Ala
v.
VI
Ga
Texas...
Ga.
Va.
C.
Ark
towns
Miss. Miss.
Ohio
C.
La..
Tenn. Tenn.
Texas
..
Als
.
K>
Ki
.
:
K>
!0<1.
0!O.
:
-J
.
i^
M
W
W
to
Oi
CO
Ci
r***
Win
-^
COCDWCICOMIO
C5
M
OS
_.
COM r Of MX
-l-ltaCJ'-HOtCMGO-l
CO
OXt0«0iOx'^ki'b'M»VtC»5ln'rf^'hf*W
r-h-*wocc:o.^coCiC:iow»®-awM;;to<
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fr
MS
X
s
M
W
w:
:
<|W
;
<1
GO
CD
•Jnclurtes w>le« in Jepteinber. 18H8, for Sept<-ml)er. 10,5,300;
feptpiuber-July, for July, 1.0!)<),(I()0
the above table, and shall continue
(
i
f..uii.l
..
;.iK-e of rutures cacli day tor
each
l.j following the abbreviation
Hi, lor
r—
1:
«0.
J1
"
2c
••i;
week
Is also iriven
each
month. It
——
.
Otv
r-tf».c;>as*j.
10
o oo CI
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•
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1
w-M
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H»:;acfct-^]wiotCwo
cocois--i>
:
•
:
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xxfowi-'cooi
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MCOM. tOOO«OOCO!0
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f
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3
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to
^Vo'toVi"^!':©©
to*.'--Cio:#^^
cc
tOi^)^Q0*b.Cil'i
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1--
C CO ts ^Vc'xi cs cnVj 3iVi o'^ cbf'hji.®
pxrf^^rf-XH-ww-ciooi:xc:cc(^^w
rf^
>•
S.I
X
CD
•
''.\''i«i"'-J"?,t'>e week:
r;;^*"..Jan. for Oct. ^1^!!?,
.300
•10 )Kl. to exch. 100 Nov.
for Feb
KHXjef. for Sept.
•O'^ pd. to exch. JIM)
Feb. for
l;<KI Feb. for flept.
OS pd. to excli. 100 .Ian. for Oct
Oct
im)Xov. for .Tan.
KK) Dec. for Jan.
'^^'^^- -^tt" -Ian. for Oct
^.vS
Jul to exch. 100 Jan, for Oct,'
•10 pd. to oxch. 700 Oct, for
Sept.
f
to
•
to
at bottom of tible
Saturday, 10-70c.; Monday, U)-75c
"ruesdiv
.. lUTOe.: Thursday. 10-70e.; Fi-iday, lO^eSc
'
«o.
7
the
It*,
CD-
^1
CO
^10>-<lfflC3tO
WiV
.11
wHlbe
li
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;
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^
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OS
i^Sm^
e^October. for October, ;ti)4 100; geptcniber-November, forNov
flWa-AOO; SH-pieuilHT-Deccnihcr, for IXcember, Oso,4(0;
Serle 1 .-r'
['"•'•"•""'.v, l,«r>0,.500; September-February, for
fe'SJU«Bl,30t HepicMiber-Miirch, for .Marcb, 1,<).U,800; Septe Felmn v'
nhcrApril, ],-.'57.M(K.; September-May, for Mav l.S(i.i,lX,
Septpmbe,i..•
le. for .Tune,
.Tune.
(idHf Sni,int>,i..„.. i,,i„ r..\. i..i.. .'....; ..5.J"<^"'"<
«Jline,
*»
;
M
10
It.
:
CO
10
to
toccocoo
O
O!!00i0lf>-0»
"to
Oikib5M<|
v>
>-
acocococoxci
*^^'
®^^?'S*''*
^yicooxoDo:cc^(CMM*..x**CJ«WMio
tn
ic*.
CD
""'I^AT
ȣ?,
5
ST
M
00
OD
o
M3i
o: CO
^
1^
,
The
M to ic 4-
:
;
;
C!i
5D»CC;i
^
SxCMQCr-Sx
are" net."
aC-iCCtXcJ;®:
flgures for Louisville in both years
#*
X
..
AtransT
.
10,
THE CIIROXICLK
1889.J
The above totals show that the old interior stocks have
decreased during the week 1,390 bales, and are to-night 12,371
The receipts at
bales less than at the same period last year.
the same towns have been 4,4-10 bales lens than the same
week last year, and since Sept. I the receipts at all the towns
are 45.719"bale3 more than for the same time in 1887-88.
Quotations for Middlino Cottox
Other Markets.—
.\t
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the pa-st week:
181
—
Columbia, Texas. Caterpillars l-ave a|)i)eared, but as yet no
damage done. Poisoning is generally l>eing reworted to. No
Average thermometer (*5,
rain hius fallen during the week.
highest 90, lowest 74.
Vuero, Texas. There has been one splendid shower during
the week, the precipitation Iw-ing sixty nundredtlu of an inch.
Crops are very fine, ami picking has Ijcgiin. The thermometer
has averaged 84, the highest being 98 and the lowest 70.
Brenham, Te.vas. Rain is nee<led kadly. The thermometer
has averaged 85, ranging from 72 to 98.
are needing rain. The thermometer haa
Belton, Texas.
—
—
—We
ranged from 72 to 100, averaging 86.
Week ending
Weatherford, Texas. Crops were nerer more promising.
Augnsl 9.
Ttiet.
Wedne*.
Thurt.
No rain has fallen all the week. Average thermometer 84,
Mon.
Fri.
Sattir.
highest 94 and lowest 70.
11
11
11
11
11
11
Oalvftston...
New Orleans, Louisiana. Rain has fallen on each day of
11
11
11
11
11
Now Orlemis 11
the week, the rainfall reaching one inch and aeventy-two hun10%
10%
10%
10%
lO-Tl
Mobile
10^
1008
ions
105|>
IOSr
10»H
10»H
Savannali
dredths. The thermomet*^' has averaged 79.
10'3
10'9
lO's
lO's
Charleston.
lO'e
IO'b
Shreveimrt, Louisiana. Rainfall for the week seventy-two
11 '4
11'4
IIU
U'4
U't
WIIiiilnKton.
U'4
hundredths of an inch. The thermometer has averaged 81,
11
11
11
11
11
Norfolk
11
1138»l2
i»lo
1139
if
la
1139*13
1138
1139*11! ]1%»13
ranging from 70 to 93.
Bo»t«u
l]l3a>»8 111<)»!>8 ima^s HISS'S im*»s
Baltimore. ..
11%
Columbus, Mississippi. Rain has fallen on four days of the
III3
11>3
ll'a
Ills
U>9
Pliiladelphla
W^l
week to the extent of seventy-nine hundredths of an inch.
11
11
11
11
11
Auffusta ....
The thermometer has ranged from 64 to 94, averaging 80.
10%
10%
10%
Memphis ... lOili
10^
10%
10%
10%
10%
10%
St. JAtnta ....
10^1
10%
Leland, Mississippi. —We have had rain on two days of the
11
11
11
11
Cincinnati
11
u
week, the rainfall reaching sixtv-nine hundredths of an inch.
1138
1138
1138
1138
1139
LoiilavUlo. ..
1138
Average thermometer 78"l, highest 90, lowest 68.
Meridian, Mississippi. It has rained on three days of the
Receipts From the Plantations.— The following table
indicates the actual movement each week from the plantations. week. There has been too much rain. Caterpillars are reThe figures do not include overland receipts nor Southern ported in some localities. The thermometer has ranged from
consumption; they are simply a statement of the weekly 66 to 93.
Vicksburg, Mississippi. It has rained on three days of the
movement from the plantations of that part of the croii whicii
week, the rainfall reaching one inch and seventy-one hunfinally reaches the market through the outports.
dredths. The theiinomoter has ranged from 74 to 98, averagCIX)8INO QUOTATIONS
FOE MIDDLING COTTON ON-
—
—
.
.
—
.
—
u
.
—
—
litceipU ot the PorU.
tre«*
E'ufinfl1887.
July 5
"
••
••
Au?.
1,281
1889.
1R8S.
2.477
e.41(
M'k at Interior Totmu.
nec'pt^
IB87.
1888.
18C9.
1887.
38.253
33.848
29.188
45.980
1B.05K
S7,8«-
12,883
31,470
28. IBS
10.855
12
9.411
7.02
i
2,1'TO
1»
36
3.2lt5
lo.otta
l.«5«
2,581
8,0.13
1.710
I. •ICO
B,881
911
27,917
26,018
7.2-;o
9.915
I.OIO
23,9"7
.
.
3
••
S3.6S4
20 385
from Planrm
1888.
1889
84
195
9,657
9.J67,848
3.885
121
1,330
4.728
512
412
S.2I9
6,615
1,906
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1888, are
.501, 504 li.iles: in
W87-88 were 5,504,066 bales; in 1886-87 were 5,189,355 bales.
2.
Th.at, although the receipts at the outports the past w<>ek
were 1,010 bales, the actual movement from plantations was
bales, the balance being taken from the stocks at
only
the interior towns. Last year the receipts from the plantations
for the same week were 6,615 bales and for 1887 they were
5,219 bales.
.'5,
—
Amount of Cotton in Sight Aug. 9.— In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Aug. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1887-88.
1888-89.
'
1885-80
1886-87.
I
[
1
Tot. receipts from pliintat'ns 5,501 ,50i 5,504,066 5,189,355 5,347,426
89l,216| 97,'<,6!)4
788,880 821,134
Net overland to August 1
BoiithcmconsumpfntoAiig;. II 476,000, 435,000 391,000 308,000
i
Total in sight Angvist 9
[6,868,720 6,917,760 6,369,235 6,476,560
Northern npinners' takings to
1,714,297 1,750,807 1,628 479 1 ,753,806
^ August 9... .^.^.
" * Decrease from September 1.
It will be seen by the above that the decrease in amount in sight
to-night, as compared with last year, is 49,010 bales, the Increase as
compared with 1886-87 Is 499,485 bales and the increase over 1885-86
is 392.160 bales.
I
I
.
1
|
,
Weather Reports by Telegraph.— Reports to us by telegraph from the South to-night indicate that, although in general the weather has been favorable for cotton, there has been
much rain in portions of the Atlantic States, while
some districts of Texas rain is said to be needed.
Galveston, Texas. It has rained splendidly but hard on two
days of the week, the rainfall reaching one inch and sixtyseven hundredths.
Seventy-three new bales received this
week, making seventy-seven thus far. The thermometer has
averaged 82, ranging from 76 to 88.
Palestine, I'exas.—TYiere has been one shower during the
week, the rainfall reaching seventeen hundredths of an inch.
Crops are good and in first-class condition. The thermometer
has ranged from 72 to 96, averaging 84.
Hnntsville, Texas.
have had splendid showers on two
days of the week, the rainfall reaching seventy - eight
hundredths of an inch. Crops are good but will be needing
more rain in less than a week. Average thermometer 84,
highest 96 and lowest 72.
Dallas, Texas. Tlie weather has been dry all the week and
crops are very promising. The thermometer has averaged 83,
the highest being 96 and the lowest 70.
San Antonio, Te-vas.
are needing rain everywhere and
in some sections quite badly.
The thermometer has averaged
rather too
in
—
—We
—
—We
ranging from 70 to 95.
Luling. Texas. There has been no rain all the week. It is
needed oadly. The thermometer lias ranged from 74 to 98,
averaging 86.
82,
—
lAttle Rock, Arkansas.— Th& past week has been pleasant,
with rain on one day to the extent of two inches and thirtyCrop reports continue favorable, but we need
six hundredths.
a few weeks of dry weather now. Average thermometer 76,
highest 88, lowest 66.
Helena, Arkansat. No rain has fallen during the week.
Crops are reported doing well. The thermometer has averaged
78, the highest being 89 and the lowest 67.
Memphis, Tennessee.— There were light showers on two flays
early in the past week to the extent of sixteen hundredths of
an inch. Since then weather has been hot and dry. The crop
The theiinometer has averaged 77,
is making good progress.
ranging from 66 to 89.
have had rain on tliree days of the
Nashville, Tennessee.
week, the rainfall reaching eleven hundredths of an inch.
The thermometer has ranged from 63 to 89, averag^g 75.
Mobile. Alabanui. The crop is developing veiy promisingly.
Rain has fallen on five days of the week, the rainfall reaching
Average thermometer
eighty-eight hundredths of an inch.
79, highest 89, lowest 72.
have liad rain on four days of
Montgomery. Alabama.
the week, the rainfall reaching one inch and seventy-nine
hundredths. The thermometer has averaged 80, the mghest
being 93 and the lowest 69.
Selma, Alabama. It has rained on five days of the week,
the rainfall reaching two inches and sixty-four hundredths.
The continued rains are causing cotton to go too much to weed
and open very slowly. The thermometer has averaged 78,
ranging from 69 to 91.
Auburn, Alabama. Telegram not received.
Madison, tlorida. There has been rain on two days of the
week, to the ext-nt of one inch and fifty-nine hundredths.
Average thermometer 75, highest 94, lowest 68.
Columbus, Georgia. It has rained on two days of the week,
the rainfall reaching one inch and eight hundredths. The
thermometer has averaged 80, the highest being 87 and the
lowest 71.
Savannah, Georgia. It has rained every day of the week,
the rainfall reaching four inches and fifty-four hundredths.
The thermometer has averaged 78, ranging from 89 to 66.
Augusta, Georgia.— The early part of the week we had
heavy rains on four days, but the remainder has been clear
Reports continue very
and pleasant good crop weather.
favorable and point to a good yield. The rainfall reached four
The thermometer has
inches and eighteen hundredths.
ranged from 69 to 92, averaging 80.
Charleston, South Carolina.— We have had rain on six days
of the week, to the extent of two inches and twelve hundredths.
Average thermometer 80, highest 88, lowest 71.
are having too much rain
Stateburg, South Carolina.—
for cotton, it having lained on six days of the week U). the extent of one inch and thh-ty-two hundredths. The thermometer
has averaged 75, the highest being 84-5 and the lowest 69-5.
Wilson, North Carolina. There has been rain on five days
of the week, the precipitation reaching three inches and
The thermometer has averaged
seventy-seven hundredths.
78, ranging from 66 to 86.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
—
—We
—
— We
—
Kecelpt8attheport.s to AUK.9. 5,,5O9,031 5,507,511 5,213,448
fntorlor stocks on An*;. 9 in
'7,527j
*3.445
*24,093
excess of September 1
|
ing 82.
—
—
—
—
—
We
—
o'clock
~~
August
"
8,
1889,
and August
9, 1888.
'
I
New Orleans
Memphis
Nashville
Shreveport
Vicksburg
Above low-water mark.
Above low-water mark
Above low-watermark.
Above low-water mark.
Above low-water mark.
Aug.
8, '89.
Aug.
9, •88.
Feel.
/««*.
Feel.
Inch.
8
16
9
11
2.3
1
4
7
5
11
9
1
2
5
2
10
Miss
4
.
THE CHRONICLE.
182
^
Mnvi™FVT ruoM ALL PORTS,—The
--.,-^»,
,
BO«AT «CEirT» A»D
!/*
7m'
anal
I
IWo/,
B'
^^•tl
I
it" i**
I
Beceipft
I
Tnu
Oo»Wn<n^
lV>(a<.
Sinet
Jan-
Week.
1.
K-rwiSilSSSiiSlilii
^^•}gK!!^^r'B46:oO0i
;fi,^,
y.6o6. 'y-ooo
—
New Alabama
Cotton. The first bale of new Alabama
was received at Montgomery on Friday, August 2. It
came from Peyton R. Hall's plantation, Slontgomery county,
classed low middling stained, and sold at 10 cents per pound
to Messrs. John H, ClLsby & Co, Last year the first bale from
Alabama reached Montgomery on July 31, and in 1887 the
earliest arrival was on August 11, both from Mr. Hall's
cotton
FOB FOCR TEAB».
Shl «men:tiineeJan.l.
itUt wek'.'
.
..HIFMENTS
receipts
[Vol. XLTX.
9:OO0i 1,3^7.000
plantation,
Georgia AORicuLTtrRAL Report.
son's report
— Commissioner
month
for the
on cotton in Georgia
Hender-
of July
was
appears to show an issued on the 6th inst. as follows:
AccMdinir to the foregoing, Bo;nbay
receipts of
The aeasous since .Inly 1 have been all that could be desired in' nearly
iJ^S^^omrored with last year in tlie week's
every section of the State. In sumo counties rains have been excess-
show an increase of iJ;e,OUU bales,
Madras, and other India ports for
the 1st of January, for two
the last re H>rted week and Bince
cover Ceylon,
Zr!. h.II'».^^as follows, "Other ports"
T^ticurin, Kurrachee and Hoconada
•
h« Bl.ii.iMonU since Jan.
m
T^fe
•
m^t^
1
Calciitta.
SMpmenIt for
i
Calriitta-
18C0...
1888...
Madnu-
4,000
2,000
1889...
1888...
All otlicrs—
SrifSL
,
,
\conUnent.\
Total.
1,000
1,000
33,000
28,000
44,000
63,000
77,003
91,000
1.000
1,000
5,000
3,000
22,000
11,000
3,000
5,000
25,000
16,000
1,000
83,000
28,000
21,000
15,000
54,000
43,000
18«l>....
1,000
1888....
Shipmtnlt siiue January
the week.
Conlir
ereat
1,
ive, l>ut only a few cases of actual injury to crops have been reported.
Tlie condition of the cotton crop has steadily advanced since the date
of July 1, and has become more nearly uniform in the different sections
of the Slate. The conuition in those counties in which It was lowest
a month ago has very greatly Improved, while in those report-
reports are more sober
high condition then the
It is Renerally
true that
estimates somewhat lower.
are
conditions
somewhat
e.xagKerlow
high
and
apprehensions
on the other. One
atcd by hopes on the one hand and
month ago the general average conilitiou for the entire State was 83;
the average now (Aug. 1) is 90-7 points higher. On Aug. 1, 1SS8, the
condition was 89—1 i>oint lower. The luiprovement in the condition
of the cotton croo is due, of course, to the general prevalence of good
seasons— plenty of rain and sun heat, with wariu nights. The rains are
now excessive, and it is apprehended that a severe drought will occur
during August, which would prove very damaging owing to the succulent condition of the plants.
ins
very
and
the
both
—
Tennessee AoRicuLTtiRAL Report. The Commissioner of
on July 30 a report on the
crops made up from information received from five hundred
and eighty-five correspondents in ninety-three counties, the
Agriciilture of Teimessee issued
average date being July 20. With regard to cotton he says:
Except in a few small areas in East Tcnncpsee, and in the counties of
Bedford, Franklin, Lawrence, Maury and Wilson in Middle Tennessee,
from
movement
the
show
that
week
for
the
the condition of the cotton crop on the 20tli of ihi,-. month was excepThe above totals
dry and cool weather of April and May would not
the ports otlier than Bombay is 2,000 bales more than the same tionally low. The
have seriously interfered with the outcome of the croji but for the
week last year. For "the whole of India, therefore, the total continuously wet weather from May 18 to the date of the reports.
Bhipments since Jan. 1, 1889, and for the corresponding periods This child of the suusbiue has wonderful r'CUiicraive power, and it
has often proven true that " half st,;na is best f r a fu 1 ciop;" but it
of the two previous years, are as follows:
also true that no plant is more inipati nt of a rival -a crop of weeds
EXPORTS TO EUROPE FROH ALL INDIA.
an 1 grass and a crop of cotton on the sumo land are iinpnssible.
1887.
The condition .luly 20 compared with an average, crop was 82 in East
1888.
1889.
Tennessee and 70 in each West and -M ddlo Tcnnes.see.
Shij}»ient$
156,000
150,000
68,000
83,000
88,000
67,000
6,000
4,000
2,000
2,000
i.Si
Europe
loali
Bombay
1.
I
Since
This
week.
Since
Jan. 1.
Jan.
—
1.
1,000|
807,000
150,000
14,000 1,339,000|
5,000,
957,OOo! 10,00o|l ,305,000
I
Total
Jan.
8,000 1,183.000
6,C0;i
156,000
All other iwrU.j
I
This
week.
Since
Thie
Keek,
from—
1,000
1,004,000
10,000
301,000
Alexa.ndma Receipts and Shipments.— Through arrangements we liave made witli Messrs. Davies, Benacbi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movement.s of cotton at Alexandria, Egypt. The following
are the receipts and sliipmeuts for the past week and for the
corresponding week of tlio previous two years.
AUxmidria, Egypl,
August 7.
1887-88.
1888-99.
East India Crop. The following is from Messrs. Gaddum»
BytheU & Co,'s cotton report, dated Bombay, July 2:
During the past week there has been no change in o ir maiket. Milla
bought less during the week, but rates, if anylbieg, were rather llrmerthan when we last wrote. The weather is not on the w hile so favoralilfr
for the crops as we would like, the rainfall up country being rather
Oomra prosijccts are favorable, and sowing ia
lighter than usual.
almost completed in every district. lu the Broach and Dhollora districts,
the rainfall is very light, ana more rain is urgently nee led.
The Following are the Gross Receipts op Cotton
at
Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1888.
New York,
N«w York.
1886-87.
1
Becelpt^ (cantars*)
Sinct
Thii
week. Sepr.l.
j
1
week
WufoSppt.l.
1,000
2,900,000
Tlil.s
2,706,0(i6
rhu
Hinee
Sept.
1.
Thi>
week.
Sinet
Sevt.y.
Thit
week.
Baltihobe.
TM.
Since
Sept.l. week.
Sines
aept.l.
I
2.916,000
This
Since
week. tSept. 1.
This
week.
I
week.
PniLAl)ELPH*A
Boston.
1
N. Orleans.
Since
Seat. 1.
623!
Texas
aavannah
28,
827,135
siLses
371, lis
10,454
1,016
68,93S
1
41,686
4,3IS
60
2,55i
155,5CS
a\
50,114
66,109
Mobile
Exports
To
(l)ale»)—
Ltveri'O"'-. .
I'o
Coutlugnl
*
227,000,
1,000 139,000
Total Europe
.1
1,000 386,000
A cnntar 1» 98 irounds.
1.0001248,000
1,000264,000
25p00; 161,000
1,000| 152,000
3,000 409,000
2,000|416,000
This statement shows that the receipts for the week ending
cantars and the sliipments to all Europe
7 were
Aug.
1,000 bales.
Manchester Market. — Our report received by cable to-night
from Manchester
states that the market is firm for yarns but
dull for shirtings.
Merchants are buying very sparingly.
give the prices for to-day below, and leave those for
previous weeks of this and last year for comparison:
We
1889.
Twist.
'
'
Bhirtings.
1.
».
-
1'
8.
®7
«7
«7
®7
511
..,,.-;.. 511
87
»7
.')11
1
Ant
'*
d.
5 11
5 11
5 11
Jiih
"
Mid
'ft*.
Uittds]
d.
d.
d.
7«8
7=8
7i58
64
758
7'^
6'4
7l>8
O'fi
8 '4 lbs.
Shirtings.
^«««'-
6>fl
6»,„
6^8
»
32» Con.
d.
8.
asu
5
'S8'4 5
d.
s.
7 a7
7 'h7
«8>J 5 7
®8l4 5 7
yjSH 5 7
-"SK, 5 7
Ootfn
Mid.
UpUls
d
d.
W?
'•"I!;
fl7
J^iu
o7
r'7
^C
5
111!
t,-n
lx«n
fau-Iy active
and
prices are ruling firm,
with
sellers look
n.g for an advance. Prices are SJiv.lOi.^c. as to
quality.
There lias been a fair inquiry for jute butts and some
^^^
^''"f.?;^o^''^I^'\°"
and 2(321.^0. for baggmg
traaaactof l-'^O-^lMc. for paper grado4
v..
i i
c.
quaUties,
report of
Oio Commissioner of Agriculture of South Carolina
on cotton
August 1, was issued on the 8th inst., as follows:
There im.
the
i..o..th
2
10
12.792
157,087
43.104
126,115
62
133,151
.
1,271
117
8,286
.....
44,669
2»9,I33
103,673
368
66,166.
BOO
This year
807 1,550,203
1,188
505,852
22
107,465
1,006
Last year-.
8,411 1,466,717
l,7(i3
845,512
4,824
S2,115
686
2»3,16r
244,730
Shipping News.— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these8,641 bales.
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York
include the manifests of all vessels cleai-ed up to Thursday.
Total bales.
Biela,
York—To Liverpool, per steamers Arizona, 64
714....Brilannic, l,'2;iO....Cit,y of Paris, 1,918. ...Eng5,715land, 1,433. ...St. Ronans, 295....LTmbria, 61
1,211
To Havre, iier steamer La Bourgogne, 1,211
208
To Bremen, per steamer Fulda, 208.
110
To Hamburg, per steamer (iellerr, 110
...-., ...
78
To Antwerp, per steamer Noordland, 78
oa
To U-ncia. per steamer Australia, 03
772
NBrt' Oni.EiOiS To Liverpool, per steamer Author, 773
llltJ
lo L iidon, i^etrsietimer Chebclra, 196
43
To Ha loburg, per steamer Fieja, 43
100
B03TOX To >ariiiouth, per steamer Dominion, 100
100
To Sr. John, N B.. per steamer Cumberland, 100
ISayr
—
.
—
SAiriMOKia
—
I'o
8,641
Total
particulars of thesa shipments, arranged in our usual
term, are as follows:
Bremen
a sliKhtlmprovement In the conilltlon
of cotton durin.^
July tliou.h concspoudents report
rtamaifef™^
45
Bremen, per steamer Douau, 45
The
'
Wen
nf
No.Carol'a.
Virginia...
Northn ptB
renn., &c..
Foreign....
''=1-';?
South Carolina Aqricx-ltural RETport.— The
144
w&
1888.
Oott'n
SU
32» Cop.
S'lorlda
so. Carol's.
Liverpool.
New
York..
S, Orleans .
Boston
Baltimore
5,715
lotal...
6,487
772
Ta7-mcul?t
£ Hum-
Ant-
don. Havre.
burg.
xoerp.
1,211
318
43
78
Lon-
196
<tst.
Genoa. John.
63
7,385^
1,011
200
45
196 1)2H
406
Total.
73
20O
45
-••
63
2P0
8,6«
..
.
AuorsT
—
.
^
THE CHRONICLE.
10, 18t9.1
188
BREADSTUFF S.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Florldlan, 153
Ubw OiiLEANS—To Liverpool— AugiiRt 3—Steamer
August G— Steamer AnaAiiimit r>-at«aiuer Ulscovorcr, i;,2d»
Fbiuay, p. H., AUKUSt
ISW.
9,
—
Flour early in the week was quiet, but latterly has be«n
rather more active, though transactions have not been large
Iruliaii,
„_._
To Havre— Aufriist 5— Steamer Bonleaux, 2,517.
in any description. High rates for ocean freight-room and the
BOSTOS-To Liverpool— July 30-Steiiiiior Veuctlaii. 12 ...August 5— firmness of Western millera have tended to restrict busineaa,
Aiiirust G-Stfainnr Vlrclnlmi,
Steiiiner Miolit)?.tii,
BiLTiMOiiK— To Ltverpoiil— AUKiist 2-Stoaiuor Kossuioro, 1,100
as well as cause some confusion in the grading, which will
Aiisust 3— Steamer Serrn,
soon bo remedied. Old spring wheat flour is held at prices
Tj Autwerii— AiiL'iiat 3 -Steamer Exoelslor,
PHiLADEi.i'iiiA— To Ltveri>i)ol-AiiaU9t 3— Steamer Phosphor,
considerably above those asked for new, as it is claimed that
AiiKUSt 0— S e:imer British PHiiiess,
To Antwerp— AuKUbt 0— Steamer Nederlaiid.
the new will be soft and rather undesirable for a time. The
lowest and the highest grades have been the best sustained,
C!otton freights the past week have been as follows:
and old spring patents, in fact, have been generally so Arm
Wedne$. TKun.
Tuet.
Fri.
iton.
Satur.
that buyer.s have been rather disposed to take old winter
C-o
Hc
B^o
»1«
Xiiverpool, steam rf.
patents instead. Medium grades of flour have been at times
DovlaGl'SK'w.d.
somewhat irregular, with a tendency towards depression.
38
c.
Havre, steam
To-day the market was rather weak, with only a light trade.
c.
Do sail
Wheat has been rather quiet both on speculation and for
Tie
IBreuen, steam e.
'18
Ma
export, and the general drift of prices has been slightly downDo via Leith.if.
Ha>^u "sa'ta ward, though at times the market ha.>i been firm owing to leas
%
fiamburf;, steam.c.
Do via London. rf.
Still, the gradually infavorable crop repprts from Europe,
40*
4040*
40*
40*
10*
Amst'd'm, steam. e.
creasing receipts at the West, moderata clearances from the
Do via Loudon.d.
seaboard and good threshing weather at the West have had
1841'® '4 l^cidlH l'64''*'4 l'>e4*'4
d.
£4Val, steam
Do sail
d.
their natural effect. The spring wheat crop has been estil4®5,g
B »celoua,steam d.
mated latterly by some at 15.'>,000,000 bushels against 110,000,"4
•4
"4
Genoa, steam .. .d.
000 bushels last year. On Wednesday the statement that the
Trieste, steam. ..d.
quantity on passage to Europe bad increased 1,330,000
Antw erp, steam d.
depressing effect. There has
had a rather
bushels
^PerTob lbs.
business
for
export
to
Brazil
some
and
Liverpool. By cable from Liverpool we have the follow- been
ing statement of tlie week's sales, stocks, &c. at that port.
Argentine. Good progress has been made in harvesting in
this country and harvest has begun in southern England.
July 19. Juli/ 26.
Aug. 2.
A.ug. 9.
Today the m.arket was dull and slightlv lower with favorabales
40.000
44,000
5S,000
40,000 ble crop reports from this country and some selling of options
&v'.es of the week
1,000 here for foreign account, with very small purchases for ex1,000
3,000
i'.OOO
Of which exporters took
3,000
3,000
0.000
3,000
Of which speculators took...
29,000
33,000
38.000
30.000 port.
•Sale.s American
DAILT CLOBINO PBICBS OF HO. Z BSD WINTER WHEAT.
7,C0O
6.000
li.OOO
5,000
Anual export
Sat.
Hon, Tuef.
Wed,
Thurt.
Wri,
4=>,000
42,000
43,000
37,000
Porwardcd
—
.
,
.
.
.
.
.
.
I
—
Total stock- Estimated
Of which American— Estlm'd
Total Import of the week
,.
Of which American.
mount ahoat
Of which American
703,000
6ti3.000
615.0001
4.'i3,000
423,000
3'.)7.000l
25,000
17,000
04,000
23.000
l.-j,000
31,000
7,000
50,000
19,000
13,000
54,000
13.000
624.000
378.000
20,000
12,000
43.000
13.000
The tone of the Liverpool market for spots and futures each
day of the week ending Aug. 9, and the daily closing prices
of spot cotton,
have been as tollows:
\8aturday
Sjjot.
Monday Tueiday. Wednet.
Market, }
12:30 r. M.J
Harden'a .Moderate
tendency, demand,
Mld.Upl'd8.
I
Firm at
104 ad-
5
vance.
Market,
4 p. M.
10,000
1,500
7,000
1,000
)
Onlnt at
partially
1-04 dec.
Qniet.
Bteadr.
Friday.
Moderate
demand.
6I4
6I4
6>4
Sales
«pec. &exp.
Futures.
JIarket,
ket,
2:30 p.
P.M.
Thursd'y.
6I4
7,000
1,000
fi.OOO
1,000
Firm at
partially
1-84 adv.
Steady.
Qnlet and
Quiet.
steady.
(
Aumist delivery
SeptemlMT delivery
0.
c.
c.
c.
Xnvcmb.r delivery
Decemlier ill livery
0.
0.
.Juniuiry delivery
May, 1890, delivery. ...0.
Octobir ilelivcrv
85i8
h4 58
Sa^s
85:%
845t
S5>a
86'U
8794
Sda
87>a
WH
9,<^H
92i8
92111
g.^Ss
84'8
SoSg
86:^
87's
89
925a
85
84»e
84 "s
80i8
8714
88%
Sfs
85i8
Pl^g
85
85
84:it
SGH
ST^
SS'a
....
91"8
84i«
87
88
91%
Corn has shown no marked change. On Monday prices
were weaker with larger receipts here and at the West and
improving crop prospects. On Tuesday with smaller receipts
and a bettt-r export demand prices were rather firmer, followed by a decline on Wednesday, when t'ade was very
On Thursday prices were slightly higher with a
dull.
demand.
Today the market was dull and
fair
depressed, with the receipts at Chicago for five days of this
week 600,000 bushels in excess of the shipments. The yield
of corn this year is expected by many to be very large.
DAILT OLOBUiO PRICES OF NO. Z MIXED COKH.
Mon.
Tuet.
Wed.
Thurs,
Sat.
AuRiist (lolivery
Si-ptemlK-r (Ullvery
c.
c.
OrtolHrd^livcry
November delivery
December delivery
0.
c.
c.
43%
Piri.
43»8
43''8
43%
43%
43%
44
43''8
4t
44^8
43%
44%
41'e
44:'h
43"'^
44Vt
43'*
44'4
44»«
iS^s
44^*8
44'4
44^^
dS'g
44'i
43'''8
43''8
43''8
44%
4338
Oats have been declining, owing partly to unusually heavy
options for Western account, understood to be
against an increasing crop movement. Today prices were
irregular, with mixed steady on the spot and fairly active,
while options were easier, the receipts here and at the West
being large and the crop advices seeming to point to an unselling of
The opening, highest, lowest and closing prices of futures at
Xiiverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated
IJp" r*« prieet are given in tfence and 6-kt/it thut : 5 63 means
.« 03-64(i., and 6 01 means 6 l-64rt.
Sat.,
Ane.
Man., AUE. S,
3.
Taesi, Aug. 0,
Open High Low.^
AnKust
^
a
Bept.-Oct...
d.
d.
6 11
8 12
611
BIO 611 6 10
610 6 11 6 10
5 53 5 S3 o62
S41 512 5 41
Aug.-Sept..
September
d.
OCt.-NOT. ..
Kov.-Dec...
Dec.-Jau...
5 37
5 37
S36
6 36
5 36
5 36
Jan.-Feb....
6 36
5 88
6 36
Jeb.-March
5 36
6 36
Ctot,
d.
611
610
6 10
5 53
5 4:4
6 37
536
e.S6
5 36
usually large yield.
DAILT CLOSniO PRI0B8 OF NO. 2 MIXED OAT8.
Wed. Thur$.
Hon,
Tuet.
Sat.
2t)-8
27
27
20%
0. 2713
August delivery
Beptemlier delivery
October delivery
Novemlii-r delivery
c.
26''8
c.
27
2713
26%
c.
27^4
May
0.
30
29''3
delivery
Aiik.
Open Bich hcno.
August
A.
d.
d.
d.
6 12
6 11
6 11
812
6 10
5 51
5 54
6 12
6 11
6 11
5 94
5 43
5 43
5 88
5 37
A<ui.-Sept..
610
6 10
5 51
6 41
.
Oot..Nov.
„
Kov.-Dec.
(Jim.
6 12
September
flept.-Oct
7,
538 5 38
Dec.-Jau... 8 37
Jan.-Feb.... 5 37
6 37
fcb. -March 5ST
37
537
6 10
5 87
6 37
5 43
5 38
6 87
5 87
5 87
Ttaurs.,
AaK,
uptn Bigh iMw.
6 13
6 11
KIl
5 51
6 43
633
6 37
6 37
8 87
d.
d.
6 13
6 11
6 12
6
5
5
5
5
5
11
54
43
30
37
37
8 88
CU>l.
d.
I
6 11
!iJ>
813
611
6 11 leii
5 54 6 54
6 43 5 43
6 3S 53S
6 37
5 31
6 37
5 37
6 37
6 88
Ann. 0.
FrI.,
Open Blgh Low.
d.
d.
d.
d.
H 12 6 13
6 10 8 11
6 10, 6
6 53 5 54
6 12
8 10
611
6 10
6
6 53
6 42
8 43
6 43
538
638
536
6 54
5 43
5 38
6 37
6 37
6 37
U
8 38
6 87
638
5 87
6 38
6 37
6 37
6 36
6 37
13
11
26:<8
27
27^
26»8
'2~H
3OI3
30
FH,
26Hj
20»a
2638
26°8
2739
3018
27 14
30
26%
PI.OUB.
$2 00»$2 65
2 403 2 85
Sprins wheat extras. 2 70» 3 20
Minn, clear and str.Vt. SCO® 5 20
Wintcrshipp'Rextras. 3 10® 3 65
-Winter XX and XXX. 3 85® 4 75
Superfine
¥
bbl.
4603
2509
Pat<'nts
Wlcat—
Olot.
26%
The following are the closing quotations:
Pine
Southern supers
Wednea.,
26'a
c.
Sprinj;, per bush...
Sprinst No. 2
Rod Winter No. 2
Red winter
..
White
Corn-Wost'n mixed.
West'u
lui.xeil
No.2.
Western yello w
80
—
«
Southern com.eitras. j^ 169
Isouthern bakers' and
family brumds
4 00»
Kye flour, superfine.. 2 75 9
Fine
2259
Corn
me.il'
620 Western, &o
2 609
2 85
Brandywlne
2 759GRAIN.
•
®
43:ij
5
2.5
3 00
2 50
I
,
c.
88
•»
43''8»
|
3 eS
3 70
I
86^9
65
80
i
85
92
44%
Corn
0.
Western white
50 »
Ry<vWestern
^ bo. 51 » Si's
State and Jersey .. 62 %• 53
26 » 28
Oat'<-Mixed
White
33 « 39
»
44 "a 9
The movement of breadgtuffs
—
No. 2niixert
No. 2 white
26'"s9
SSiaa
27<a
33%
market is indicated in the
statement below, prepared by us from the figures of the New
York Produce ExchangH. We tirst give the rci :|.:s at WenCern lake and river ports, arranged so as to present tUe comto
•
parative movement for the week ending July 27, ltM9, <tud
since A.U({U8t 1, lor eacn of the last three years:
.
.
t-
Oote.
Cora,
ITkMl.
DvMk.
2.01B
27.-I09
9,760
5«0
1,M(I.T38
«a,i«9
tf»l
WWAl
81,090
887
S,*0l
6B.e«i
aw.7»j
308,716
144.000
«M,000
7.200
4.»iO
Tm7.808 T543.6M
40.029
4H.45J
40,000
4.280
loojas
Tot.wk.-W.
ISO.tM
MI.IM
S,06S.400
1.R4«,I30
1.074.461
SJ9S.MS
1,S70,0I«
S,080,09e
68,127
g,7,«4T
«t.7,«4
55.832
M«7.B03
I,f«.65»
28,4i4
40.035
1,048.430
1.074 4«l
10.6B3
65.8:i2
S«,127
49.452
2,0^0.059
>.,Mo.^.v.~
t.a<w.M»w
1.870,048
New York
July
87, 1889.
Com.
pv m
in the
TUnur.
annexed statement.
OaU.
BhK.
Boiton...
PortluHl.
Muntrtal.
PhlUdel
Bttlilm're
N. Orl'Di.
1888.
Wetk. Since Jan. 1
Arabia
213
37
19
"125'
Africa
1,781
Mexico
3,426
8 ',954
.,,......-,...
...
.
South America
Total
China, via Vancouver
Peat.
Byt.
218
11
32
965
25
6.473
1,2(6
31,151
2,795
3,724
3,35i
9,262
2,329
3,473
23,118
1,741
lurtia
*
Bblt.
Bv$K.
914
198,234
469,3^8
200,137
74,2)8
51,479
ISl.ZPO
17.000
108.800
148.220
55,000
138.878
266,050
is'sbs
12,506
21,325
455,333 1,278,252
176,007
914
142.328
2,257
Biuh.
32,132
3,426
Total
71
2,531
1,706
34.524
5,893
8,595
2.617
63
96
9'
232
33
334
90O
8,8t)6
31
3,189
2,930
20,784
1,443
32,464
1,769
1,500
93,078
22,829
121,418
3.269
115,907
From Now England mill points direct.
The values of New York exports since January
3,513
•
Ttotweek.
B*ii>e time
18M8
B'','...W2'
101,937
646
372.177
105,491
32,132
27.862
supply of grain, comprising the stocks io granary
The
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Aug. 3, 1889:
Barley,
Ry»,
OaU,
Com,
Wheal,
visible
ttort at
—
Hew York
Do afloat.....
lm$h.
tmiK.
196.822
99,S0O
24.400
147,239
978.880
8,200
Albany
1.203.060
2,410.035
282.008
526.953
649.337
110.537
BuiTalo
Chicago
Hllwuakee
Ouluth
Toledo
DeUoit
1,507
411,000
Oeweiro
Bt Louis
.'.53.5 ilO
Clnclsuatl
13.000
43,713
97.748
297,556
134,616
2K.760
29.172
68,977
377.803
BoetoD
Toronto
Montrral
Philadelphia....
Peoria.
Indianapolis
KanaasCltr
Baltimore
Mlnneaiiolls
129,933
15,850
215,112
6,385
700
33,544
114,725
3,19.'i,tJ89
Bt Paul
OnHUalsaippl..
Onlakee... .:...
On canal & river
215.000
206,698
1,043,707
272,000
Tot. Aug. 3, '89.
Tot.Ji;ly 27,'89
fr»i«*.
818,979
69.400
110,071
1,2»2,7:<4 1,261.658
582,011
33,440
4.470
120.000
246.497
241.664
2,057,313
1,444.200
1,710
1,050
4.902
14,320
bu»h.
3,253
b^ith.
17,1=32
8.400
25,000
I'i.Sn
361,817
96,261
6.479
10.240
27,3i6
8.238
3,076
....
522
40.01)0
58.601
20,000
86.278
3s,9a3
1.577
5.276
48,000
21.0(10
110
22 414
172.4;s7
29.352
38,0')9
116.9S5
58.353
11.137
24.447
26,619
116,000
76,970
549.032
213,3oO
4.097
8,336
82,262
74,000
7.1,'i3,060 4,'.^52.7«3
TotAug. 4,
9,009,649 2,'2 10.557
Tot Aug. 6. •87.. 33.1.91,097 7,309.118 2,868,400
Tot Ai'g. 7, •86.. 36,752,874 8.695.346 : ,021,231
305,411
420,847
6,988.351 3.719.751
28,349
83,948
796,364
812,904
12.687,967
12.134,879
•88.. 22.997.7 >>4
Slock of Print Ololht—
Held by Providence manufrere
Fall River luanufacturerg ...
Providence speculators
Outside speculators
remain
l.=i2.945
Yobk. Friday
P. M.,
August
9
;
seme
((uarters atul
bya^entsHannels
leading makes are well sold up
and blankets have shown more anima
'*«"*°'* •^' fi'st hands was
cl^^flv
'i'"''^'' ""u' I''*
^and.to
naouth (sharacUr. Woolen shawls
and
,^
ir /.v
skirls
were
distributed in fair quantities by agents
and iobotn, an4 soft wool and worsted dress goods
were fairly active
^fl^
firm.
itg
1887.
1886.
Aaa.6.
Aug. 7.
74,000
29,000
94,000
25,000
4.
156,000
135,000
72,000
85,000
Ncine.
7,000
None.
5,000
—There was
H
a
s
a moderate demand for
at
•
B
si
c
i
•
i
!
•
•
00
•
•
•
:
:
.
;
:
:
:
:
:
:
p
wl
s
g
a
g 2g
s=
=
1889.
9,
1888.
A
143,000
7,000
None.
None.
foreign fabrics at first hands, and the jobbing trade has developed cot siderable improvement.
Importers continued to
make steady delivfries of dress goods, velvets, woolens,
linen goods, etc., on account of back orders, and hosiery was
in very fair request.
Prices remain firm all along the line,
Importatlous of Dry Cioods.
The importations of dry goods at this port for the week
ending Aug. 8, 1889, and since Jan. 1, and the same facts
for the corresponding periods of last ye»r are as follows:
6
There was a continuous influx of retail buyers the past
week, and busin- ss in jobbing circles was decidedly more active, a very fair distribution of prints, domestics and department goods having been made by leading jobbers. Retailers
frcm all pbrts of the country are in excellent spirits because
of the tncouraning trade outlook, and they are consequently
"stocking up" without hesitancy, but there is not the least
tenduicy toward speculation. Many wholesale buyers have
completed their early purchases and returned home hence
there was only a moderate demand (by personal seleciion) at
first hands.
Re-orders were, however, more numeious than
•f late, end there was a steady movement in various sorts of
fall and winter goods on account of former transactions.
The
event of the week was the attachment of the Riverside and
Oswego Mills Ounpany by the commission house of A D
JuiUiard & Co. in an action for |412,0U0. Particulars in this
matter are awaited with considerable interest.
UoMisiic "Woolen Goods.— The commission houses have
experienced a fair demand for some description of
men'swear woolens, and prices remain firm on all desirable lines.
JLight-weigbt worsted and woolen suitings continued
in fair
demand by the wholetale clothing trade, and there was
a
steady call for heavy goods of this class which was
only partially met becaufo of the meagre stocks
on hand. Cheviot^
indifco blue fiannel suitings and serges were
in moderate request and th.-re wus a steady movement in heavy
overcoat
ingg on account of back orders. Satinets were
in fair demand
and low prices enabled jobbers to move considerable
tiuantitiM of doeskin jeans. Cloakings and stockinets
w«re fairly
1889.
Arig. 3.
(est)
FohEiGN Dry Goods.
H m
362.939
371,315
145.097
125,923
252,S84
THE DRY GOODS TRADE.
•ctive in
have been
150,000 12.000 448,000 222.000
Total stock (Pieces)
Prints and ginghams were in light demand at first hands,
but the jobbing trade was decidedly more active and prices
a
New
1
against 15,617,685 in 1888.
Staple cotton goods were in light request by package buyers
as regards personal selections, but a moderately increased reorder demand was reported by some of the commission
houses, and there was a fair movement in some descriptions
on account of former transactions. Agents' prices are pteadily
maintained, and stocks are in very good shape as a rule, deFinf yarn
spite the rt cent lull in the demand at first bands.
brown sheetings were in steady request, and a fair business
was done in bleached goods, wide sheeting.*, coroet jeans and
satteens, grain bags. &c., but colored cottons ruled quiet.
Print c'oths were in light demand and a trifls easier, on the
basis of 8%(g3 lo-16c. foe 64x64 "spots" and 85i@8Jgc. for
64x64 "futuref.'
$.5,2.53.400 in 1889,
K.Ni-wa..
Blclim'd
^
1889.
Week. Since Jan. 1
6.
"
KewYork
In
to Aug.
Great Britain
Other European
China
week
Tl»ee«portifrom the ereral seaboard porta for the
are ehown
—
a.Kio
ibMOk.tK'
MW-7.
iaBa.7
in-
Domestic Cottov Goods. The exports of cotton goods
from this port for the week ending Aug. 6 were 3,426 pack-
51
9,478
"2i.444
io,ess
l,»W.978
>,(M,I00
»,Bg»,o«ya,»3».iw
were Brussels, Wilton and
as
4.21S
S.a4A
«.S«»,»I3,
tM.in
movement and demand,
grain carperis.
«5.74S
00,000;
MMWk.V;.
rVOL. XLIX.
ages, valued at tl93,9Sl, their destination being to the points
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