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.
.
HUNT'S MERCHANTS' MAGAZINE,
and gommeroial interests op the united
aKPBBSBNrriNa thb industrial
SATURDAY, AUGUST
VOL. 47
1],
NO.
1886.
Week Endino AuQUAl
1868.
Terms of Sabscription— Payable
in
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For One Tear (InoladlDt; postage)
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same
is
18
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one Inch space one year. Space is measured In agate type— 14 lines to
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Advertisements ordered for
Messrs Edwards & Smith, 1 Drapers' Gardens, E. C, who will take
nbscrlptlous and advertisements and supply single copies of the paper
at Is. each.
B.
DAJIA
FLOYD.
(
lXriI.L,IAm B.
DATVA
&
<
103 liriniain Street,
<
Po.sr
Office
Co., PnblUtaers,
NEW
YORK.
Box
New England.
Total
.
Total Middle
St.
St.
week ending August 4 exhibit an
previous week of about nioety-six millions
of doUais, of
which over
The gain
sixty-six milliocs
at this city, however,
is
largely,
if
New
York.
not wholly, due
is
at
Weatem
LonlB
Joaeph
;
;
;
;
-t-l-t
-11-1
-)-19-l
113»3,7S7
-2-2
58,260.894
10.836.912
10.775,886
4-6-6
--«-l
88,572,334
87,787,061
-6 9
78,873,662
-1-2-7
66.912.944
68.623,241
9,790.950
+0-5
-3 6
51,676,704
8,811,800
-H-7
4.010.38:)
-)-24-7
3,t>76,988
4oi
-f-24-4
4,174,680
1,812,404
3,12>,270
-f20-a
all
New York
4.146.099
1.900.389
3,0^6.763
2.170,589
1.181,V51
2,012.383
3,867,218
2,57S„S«9
4,219,410
-0;3
+4-S
-(-10-8
+S-9
-i-l-V
+S-J
+25-8
l,t)t'0.020
-1-10-7
-f20-7
1.859.905
3.224.914
3.H69.291
2.294.181
-t-a4-«
-I-I8-1
-t-15-4
-103
—7-0
— U-8
4,2(18.5()8
885,010
1,897.728
+31-7
27»,-.i61
-t-39-4
629.822
638,391
2,464,900
287,751
4M8,95'<
-VO
-t-10-0
-f2-4
-l.S-5
-t-27-8
-f9-a
-6-8
f6-6
-11-8
-I-83-8
-1-18-7
-I-8-8
94,232,589
-19-7
-15-7
-1-4
15,590,741
1,874,808
4,753,616
-f-81
-)-101
4-40-0
4.(1.%,07«
-SO
7.727.247
-1-12-4
-21
473.481
-91
5J2,:.M2
-f2a-4
101,842,722
18,632,871
1,408.087
4,885,307
6,049,174
7,218,327
985.22n
635,701
618,770
—15-6
37,851,968
40,309,528
-6-1
35,9.31,049
-80
18,403,150
19,007,802
-38
13,681,267
-88-7
812,683.378 1.039,630.989
—18-2
8ie,896,9U
-1-8
842,179.259
-16
807,309,164
-H)-4
520,535
Total
—«2
•fi-a
-6?
—7-0
—13-0
14.0.i8.20B
f)24.251
Total Southern
-tO-7
-H-8
-2«-3
-12-3
104.734.589
Norfolk
Outside
&
83,587,667
86,669,198
8,959,432
12,168,431
(jalreaton
Speculation in breadstuffs was more active during the
wf ek, higher prices stimulating the dealings, and the aggregate sales at the Produca Exchange reached over eighty millions of bushels.
There has also been a little more doing in
petroleum, but transactions in cotton show a decline. Mercantile failures for the week, as reported to Messrs. R. G.
Dun Co., reached a total ot 316 (of which 191 were in the
United S ates and 25 in Canada), against 321 last week, 235
the week previous and 183 for the same period last year. The
crop fitaation contiaues quite satisfactory.
Compared with the corresponding week of 1887, there is a
pretty heavy loss at New York, but this is in great measure
due to the decided decline in stock speculation this year.
Outside of New York a falling off is to be noted, but it is
small— only 1'6 per cent. Nineteen cities record clearings in
excess of those of a year ago, and at a number of points the
gains are quite important, notably Memphis, 40 per cent
Topeka, 39-4 Duluth, 317 Columbus,'.25-8 Milwaukee, 247
and Detroit, 24-4 per cent. The heaviest decline occurs at
Hartford, and is 26-3 per cent.
Tliejjealings in shares on the New York Stock Exchange
for the week cover a market value of $60,103,000, against
$112,366,000 for the corresponding week a year ago.
Following our usual plan of deducting twoand-a-half times these
values from the New York exchanges to arrive at clearings
having other oriii in, the result reached is 1425,456,198 this
year, against 1416,536,730 in 1887, or a gain of 2-1 per cent.
tions.
-h0 2
60,006,300
10,072,247
7,943,575
1,379,130
San Francisco
(13,348,000)
-I-211
4,71-9,372
6,S3»,21(I
to the additions to exchanges on account of the usual monthly 8ettlem"nt3, as there has been a falling off in stock opera-
(330.4(X>)
(4fl,6:)»,800i
(-3-8
93.232,250
1.187,678
Louisville
(-580
(+73 4
—7*7
93,410,130
S.479,011
2,877,143
3,720,189
610.9T8
692.668
2,490.033
S8a.215
Paul
Qrand Kaplda
Wichita
(1,266.006)
1,03:<,707
6«S,l587
1.42».2(X)
S,3rt0.6«l
St.
609,387,780
P. Cent,
73,477,743
4,079,900
1,477.846
1,118,837
886,480
930,440
1,006,669
579.147
4,«90,765
6.156,131
1.H9 ,052
8,227,852
2,729.467
Detroit
1888.
82,110.981
4.127,8Mi
2,257,822
1,316.258
953.851
838.956
1,078,888
548,820
9.4:<7.800
Dulutta
cleariSq house returns.
tlie
(le.ssf.ooo)
Milwaukee
Topeka
958.
clearings for the
increase over
(23:i,«00)
(80,N2fl,ai2)
(Cincinnati
Total
Bank
(-47-6)
918,231
Peoria
laondon Agent*
O.
(«.079,736)
(556,900)
(46,509,8021
(17,554,000)
1,1M,42«
9i0,000
When
WILUAM
697.451.730
(1,089,349)
1,083,117
Lowell..
P. OmK.
673.711,108
4,817,!100
PittaburB
& FiSANcr Ai- (;iiKosioi,E,
fOON
ProTidence
Hartford
1887.
1.207.
IFeek JBnd*0 Jut 1/28.
i.
-17-5
82,0-8,968
Terms of Advertising.
tion.
tutkeli.)
bbU.)
\PM,nUvm
These prices Inolnde the Isvestors' Scpplement, of 120 pages
iBSued onoe In two months, and furnished without extra charge to
BUbscrlhtTH of the CnRONiCLE.
Bubsi'ripUons will be continued until deflnltely ordered stopped. The
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A flle cover is furnished at 50 cents; postage on the
oenta. Volumes bound for subscribers at $1 00.
lata.)
{erata
states.
S86.B72.17S
9I2,.s21
-e6-6
-9^
-f26-5
-l-OO
-2-6
Our usual telegraphic returns of exchanges for the five days
have been received and are given below. The total for the
seven cities exhibits a decrease from the corresponding five
days of last week of about fifty-three millions of dollars,
but in comparison with the similar period of last year there is
a gain of 3-9 per cent at New York. On the basis of these telegraphic returns, the estimate for the full week enided August
11 would seem to point to an excess, compared with 18S7, of
about 4-6 f>er cent. Me.^srs. R. G. Dun & Co. report the number of failures for the week ended Friday night as 233 (305 in
the United States and 23 in Canada), against 216 last week
and 180 for the week of last year.
Week Ending Aug.
11.
Week End's
Auij, 4.
1888.
P.Omt.
i!<turnj bv TtUvraph.
1888.
New York
Sala 0/ Stock (thara)....
Boston
*
433.979.480
(1,0(5,8931
61,608,(06
1887.
P.Omt.
t
488.380,48!
-1-1-3
474,711,469
—19-5
(930,1871
(-W1)
(060,2-27.
(-45-1)
-I-9-6
70,191,253
60,110,421
Philadelphia
Baltimore
43,921,918
9,044.556
80,207.185
41,232,843
9,055.209
CbloiKto
St.LottUi
61.886.000
44,0-27,256
-1-16-7
14,300.036
18.788,730
-16-4
New Orleans
3,977,771
8,743,837
Tl7.106.638
699,434,058
118.587,541
^,022,493
Balauoe Conntrr*
760.738.06S
95,102,089
Total week.
all.
84S3S^,753
808,978,488
Win the
weak, based on last week's retnnu.
Total, 6 days
Kstl mated 1
daj
....
Total full week...
'
fall
.
133,629.487
90,956.933
-HI
-01
9,978,492
49,313,000
18,447,383
4,167,080
-f3-l
-13-1
—2-5
-0-9
-18-6
4-3-8
-16-8
-1-18-7
870.907.088
137.108.ees
+4-6
f0a009.781
-14-1
-K-6
104.487,183
+a-»
-K-8 ~9i2,496;cit
-59
-art
.
THE CHRONICLE.
152
amount
TEE FINANCIAL SITUATION.
The money market
towards bttter
rates.
is
elovrly
This
is
not at
of bullion the
Bank
£503,000, made up
£52,000
developing a tendency of
all
[Vol. XLVII.
observable in the
of
England
(according
received
from
to
lost this
our
and
Australia
week was
special cable)
£480,000
sent to the interior of Great Britain, leaving only £75,000
The large
by bankers' shipped abroad, mostly to South America.
shipments
to
the
interior,
our
cable
says,
are
due
to withcompanies
trust
and
banks
made
by
balances or by loans
private banks to strengthen their position at
drawals
by
the
at
cent
per
is,
that
quoted—
remain
last
as
these
1^
call loan
department, either as represented
;
Stock Exchange, and 2, 2^ and 3 per cent at the inatitu, home, so as to be able to meet any inquiry which recent
Time money is in better request by bor. failures of local banks and a consequent loss of confidence
lions named.
The open market rate at London is now
rowers; Bome who paid oflE their maturing loans a short may occasion.
cent;
at Paris it is 2i@2f per cent; and at
per
now
are
2f@2f
time since and resorted to the call loan branch
Berlin
it
is
per cent.
These differences it would
l^@lf
are
however,
seeking to make engagements. Lenders,
seem
ought
to
send
gold
to
London;
but a certain differwhat
get
can
they
unless
Dot willing to let their money go
ence
in
rates
of
interest
between
financial centres of
for
look
Banks
figures.
they consider remunerative
heavy drafts to move the crops both from the Europe has much less influence on the movements of bulSouth and West as soon as cotton and wheat begin to lion than formerly, because, (for the reason already remove freely, though as the cotton crop is late, full ten ferred to) at Berlin, Paris, etc., the free movement of gold
days, the demand from that quarter is likely to be is prevented.
Oar foreign exchange market has been heavy but
Slill, with such expectations, the more conserv
delayed.
steady
all the week at 4
ative institutions are doing very little on time except to
85J for long and 4-88 for short,
though
the
tone
has
firmer for the former than for the
principal
been
supply the needs of their customers, while other
latter.
Tae
change
in
the
Bank of E-igland minimuai
current
the
than
rates
better
lenders are holding out for
on
Thursday
had
no
on
effect
on
the market.
Continental
days
ninety
to
sixty
now
for
are
quotations, which
governments 2| per cent, on other first-class security 3 exchanges, however, have weakened since that announcement. So far as regards arbitrage operations between
per cent, and on good mixed collateral 3@3^ per cent
for four to eix months on governments 2i@3 per cent, here and London, they have had but little influence^
j
on other first-class collateral 3 to 4 per cent, and on good for the reason that the sales have about countermixed collateral 3|@4^ per cent. Commercial paper is balanced the purchases. Commercial sterling has felt the
in good supply, and the demand is fair with a more quiet effect of continued offerings of drafts against shipment*
Quotations are 4@4 J of grain and future exports of cotton. Foreign bankers now
feeling than was noticed last week.
ninety
days
endorsed bills receivable, look for dearer money in London, which will probably
per cent for sixty to
i.\@b for four months acceptances, and 5 to 6 J for single check the decline in exchange. With a further advance
in the ofBoial minimum there, funds now employed here
names having from four to six months to run.
There are rumor?, we know not how well founded, that would most likely be recalled as the loans mature. Siill, if
the Government, about the first of September, is likely to Europe should be compelled to buy largely of Amerioan
make some little change with reference to the purchase of grain, it is reasonable to expect that with our other- esUnited States bonds. We should not be surprised if it ports of produce ttiere would have to ba shipments of.
were to ofEer higher rates, not for the 43 but for the gold in settlement later on.
Tae Agricultural Bureau's report of the condition of
4^s, and get in a considerable amount.
The 4^s of
the
crops August I bears out the favorable anticipations
mature
course
soon, and hence some have thought
that the 4s were the better purchase for the Government. that had been entertained with regard to t'ae same.
Tae
But there are reaEons why the policy of taking the condition of spring wheat shows a falling off from last
shorter bond may be better.
Of the whole amount month, but stands at 87 3, against 78 8 August 1, 1887.
of 4^ now outstanding ($221,642,350) 69^ million were Cotton is reported at 87-3, or somewhat above a month
held on August 1 by the banks for circulation, leaving ago, but not as high as on August 1 last year, when the
about 150 millioBB, nearly all of which are probably in percentage was 93 3. It is in corn, however, that most
hands of trustees who would not part with them unless interest centres.
Here the condition is given at 95-5/
they could make something by selling and replacing them against 93
a month ago, and only 80 5 on August 1,'
by a purchase of the 4s. A good price for the 4^3 might 1887, which shows how much better the outlook is for that'
accomplish this and bring in a large block of bonds. No
trustee holding 48 could be induced to purchase the
shorter bond as a substitute, however high the price of
the 4s might
Department
go.
will
stringent.
of England's oflScial
count was, as
we
minimum
anticipated last
rate of dis-
week,
advanced on
had stood sines
Thursday from 2^ per cent, at which it
June 7tb, to 3 per cent. This was doubtless due
largely to
we stated last Saturday, but in part also
movement to the interior, which is explained
the reasons
fur-
ther below. The Bank's stock of gold must be protected and
increased if possiole; the Bank of Eaglaad has not the
jower to refuse its gold which the German Bank
and
and
the
its
Bank
of
holdings
are
France
seem
low
now for
to
this
possess,
season
of the year, especially as appearances at present point to a
necessity of shipments (Q America thjough the fall,
Th©
We give
last year.
below a comparison
S ,ate».
1888.
1886.
11887.
•
1885.
1884,
Statet.
Aug.l July.l Aug.l Ju}\ll
96
03
97
01
SO
0«
08
03
06
Jowa
Missouri
Kansas
. .
Indiana
...
Nebraska
Ohio
MichiKan
Tennessee
Eentunky.
.
03
89
01
80
05
01
Pennsyl'a.
m
w
New York.
92
98
06
B8
97
94
94
l)5-5
93
.
to a
was
CONDITION OP COBN.
Uilnois....
The Bank
it
of the condition figures for the principal producing
Of course the object of the Treasury
be to tide over the crop period to the
next session of Congress and keep money from becoming
special
cereal than
At. p.
8.
65
90
60
60
64
75
83
63
89
18
98
100
98
09
99
100
98
100
96
99
98
95
90
06
80-5
07-7
Auil. 1
,
77
73
75
78
00
76
88
80
83
87
91
98
80-7
July 1 Aug.i July
1
Aug.
1 JtilV I
87
loa
02
103
102
92
96
90
87
00
92
87
83
lOO
97
07
87
102
103
00
88
91
m
85
00
B4
06
Ott
97
99
101
102
95
95
98
06
88
91
88
94
101
80
90
06
100
96
92
101
101
04
08
94
n
105
81
OS
09
0»
91
80
9»
80
PS>
90
.
05
be obsierved that the lowe?t average for any
is 91, for Kansas, which is 31 points better than
the average for the same State on Aug. 1, 1887.
In some
It will
S.ate here
cases the comparison between the
two years
is
even more
—as foi instance iu Indiana, where the difference ia
striking
—
Atoost
THE OHRONIOLK.
11, 1888.J
153
Saore made several miles at the rate of 78 miles per hoor,
one mile at 84 and one at 87. The maximum on the LonThere is an evident disposition, all over the country, don road seems to have been 75 miles. There can be no
doubt, however, that for regular trains the " West Coast
where rates have been cut or reduced, to restore them
presumably to get full benelils from the large traffic an- Flyer " is the fastest known. We have certainly nothing
At the meeting of to equal it in this country. On our best trains we content
ticipated as the result of good crops.
favor of 1888
TiM proepucl
35 poinM.
is
for corn atwint
to be good everywhere.
the trunk line managers this week, immigrant fares wo: e ourselves with 45 and 50 miles an hour as extremes, and
reduced to meet the attitude of the Lackawanna, but not as much as that for very long distances. Two things are
there seemed to be a practically unanimous opinion that very clear with reference to fast trains one is that any.
:
freight rates
from "Western
to
placed at the old figures again,
Eastern points should be
thing above 45 miles an hour must be regarded as a lux-
and action to that
ury,
eilect,
be urged upon the Central TrafBo AsThe classes of traffic in dispute cannot be
aociatioQ.
very important, as the New York Central's earnings for
reported,
it is
is to
reported
than
these
and
whether
that
very
interfere
it
a question
is
high
with
ordinar/
the
in
pays
speed
;
railroad
fast
business
economy
trains
of
a
also
road.
A further drawback in the United States is that th9re are so
many
and competing routes between the most im>
that for the better roads to oSer a rate of
Down in Texas rates speed which the poorer ones could not mee', would be
have the diilerences adjusted.
are to be raised to the established tariff of three months placing the latter at a disadvantage which would still furago on August 11, that being the decision of the new ther increase the difficulties of maintaining rates. On
International Association wuich has been formed to take that point an interesting item this week has been the anThe nouncement that the limited express trains between Chithe place of the old Texas Traffic Association.
Chicago c& Ohio River Roads are to restore rates on cago and the Missouri River (making about 500 miles in
packinghouse products August 13, and the Illinois Central 14 to 15 hours) were to be withdrawn, the reason assigned
New Orleans. In being that they were proving too expensive, though it is
is to restore rates to Memphis and
Illinois the roads are now perfecting arrangements for believed that the real reason is that they stand in the way
advancing rates September 1. In the Northwest the of peace and harmony with the minor roads.
The stock market has been strong and even buoyant at
proposition to make the charge the same via Lake Superior
and Lake Michigan ports that is, the same via Duluth as times this week, with a noticeable increase in the volume
via Chicago-^which has been a bone of contention for a of transactions the last few days. The favorable crop
July
of
this
last
year
are
but
year;
is
it
larger
nevertheless
desirable
to
parallel
portant
cities,
—
many
of the dif.
long time, and
is
ferences which
have prevailed, seems nearer adoption than
the secret of a great
prospects, the continued large
earnings of our railroads,
the tendency towards improvement in the iron trade, the
& Duluth alone holding the matter heavy demand for anthracite coal, and the disposition
under advisement and a new managetueat being in con- manifested nearly everywhere upon the part of railroad
Finally, the Northern Pacific and managers to look for a heavy traffic this fall and to
trol of that property.
the Union Pacific people have bad one or two meetings, restore rates in anticipation these are the arguments
and there seems a fair prospect that the dissgreemente with that have been used in favor of higher prices, and with
regard to the Oregon Navigation leaee will be settled, and telling efiect. The strongest properties as a class have
further encroachments upon each other's territory avoided. been the coal shares
Lackawanna, Delaware & Hudson
A remarkable display of railroad speed was made in & Philadelphia & Reading, the latter of which
Oreat Britain this week, and has been the subject, of much was yesterday quoted ex the bonds to be given for the
comment. The London & Northwestern and the Great assessment paid. The Vanderbilts, however, have also
Northern, rival lines between London and Edinburgh, been a prominent feature, and the Gould properties have
let their rivalry take the form of diminishing the time likewise been conspicuous for a large and general rise,
for making the trip, rather than in reducing rates as while the Grangers and Union Pacific have not failed to
would have been done in the United States. The old share in the upward movement. About the only laggards
time was nine hours; this was reduced quite recently have been the stocks of Southern roads, which seem to
to 8J hours, and now both roads have come down have been unfavorably affected by the failure of the neTue " West Caast Flyer" (The London gotiations between the Norfolk & Western and the Richto eight hours.
Northwest) made its initial trip on the eight-hour mond Terisinal for the control of the East Tennessee.
schedule on Monday, and a special cable to the New York Louisville & Nashville, though, has participated in the
2ime3 of Tuesday states that the train carae in seven min- rise. The specialties and fancies have been brought forutes ahead of time, having covered the distance of 400 ward in a few instances, but on the whole the speculation
(miles (the Great Northern route is eight miles shorter) in has been confined to the better class of properties.
The following statement, made up from returns collected
«8yen hours and fifty-three minutes, including stops.
Without stops, the time consumed was seven hours by us, shows the week's receipts and shipments of curand twenty five minutes, being a trifle less than fifty- rency and gold by the New York banks.
four miles an hour, which for a long distance is a
Received by
Shipped by
1/et Interior
Wuk tnUno Aug. 10, 1883.
remarkably high rate of speed. It is not altogether with
Movement.
If. r. nanka. If. V. nanla.
before, the St. Pitul
—
—
&
*ut a
parallel,
A special
however, in this country.
train
on the West Shore in July, 1885, ran from East Bi)fIalo
to Weehawken, 422-6 miles, in nine hours and twentyminutes,
three
volved,
of
an
including
according
hour
and
actual net ruuniug
little
over
to
the
twenty
Railroad
thirty-four
time
7
ruiLes
a
loss
making
the
Qazette,
minutes,
in-
Moreover, the
maximum
and short distances on that occasion
seems to have been much greater than in the case of the
London
&
Northwestern.
Total gold and lenal tenders....
Taking the foregoing
(fidiix
teOJ.OOO
Onln.
lOS.OOO
847,009
Loss.
838,000
tl.TJli.lXW
tl.^JO.OOU
Gam.
t!MS,000
in connection with the Sub-Treas-
ury operations, the result
Week
It is claimed that the
West
t7s5jaa
|1,OS3.000
AUQ. lO.USa.
is
as below.
InttBanleB.
OutofBaalu. IfetaiuM^im
Bank BoUHnv.
hours and 49 minutes, or a
54 miles an hour.
speed for single
which
stops,
aoid
Banks' iDterlor Moremont.asabove
8Bb-Trea«ury oporntljns
»1 ,796,000
»l. 250,000
Oala.
VM,<m
8,100,OJO
9,800,000
UM.
i,iao.MO
Total gold and i»«l tenrloni
»10,*08.000
tll.OJDDM
l,,.S.
IBS 1.00
The following
...
table indicates the
the principal European banks.
amoopt of
ballion in
.
THE CHRONICLE.
15i
of
rranoe
0«nnan7
.
Allst.-HanR*y
Netherlands..
Nat. BeUinm
National Italy
eofal.
20.099.615
41,269,794 48.940,762
82,9:-8,«e7 16,478,333
6.071.00o|l5,164,000
SUvtr.
20.099,615
93,210,526
49.435,000
5.671,000
7.053.000
21.238.000
13,629.000
S.918.000
6.978.000
1,809.000
3,927,000
1.118.000
8.098,000
JotOl.
S
£
s
£
£
Kngland..
Toua.
saver.
eoid.
T that
Aud- 11. 1887.
Auo- 9, 1888.
Bank!
20.773,855
48,222.282 47,197,9(13
24.428,000 16,284.000
6.507.000 14,010.000
20,773,655
95,720,135
40,710.003
5.103,000
8,207,000
21,447.000
13.309.000
2.483,000
6.983,000
1,213.000
3,727.000
1,118.001
8,101,000
Tot. this week 118,0!!7,010 00.968,005|208,BS5,141 114.493,88? 89,238.903.20S,7.S7,790
Tot.preT.w'te. 118.900,50ol80,8Cl,892 209,782.392 114.893.000 89.ai0,708'204,103,708
[Vol. XLVII.
the laws could
shown
be enforced, the logic of facts had
that they could not.
They were
either repealed or
allowed to remain in abeyance.
But a few years were enough
the
lessons
of
past
to
experience.
make
all
profits to wheat growers and wheat railEverybody was eager to extend the business.
The farmers borrowed more money; the railroads built
new lines. Subsidies were not granted on so large a scale
as they had been ten years before; but capital was ready
brought large
roads.
to invest in "Western railroads without such
AUTHORITY OF RAILROAD COMMIS-
TffH
parties forget
The years 1879-81
ducements.
The
commercial
depression
artificial in-
of
1884-86
SIONS.
brought a temporary check; but hardly had the stress of
crisis been removed when railroad building was rethis
some
to-day
is
in
The railroad situation in the "West
newed
in 1887 on a larger scale than ever.
It
years
ago.
fourteen
unlike
what
it
was
respects not
Had wheat remained till 1888 at the prices for which it
will do no harm to repeat a little past history.
The years from 1869 to 1871 were years of inflation.
The general level of prices was high; that of wheat parThe war of 1870 between France and Gerticularly so.
many had created a demand for our food products, and
had made it specially profitable to ship wheat for export.
Every eSort was made to encourage the building of new
railroads, and thus to open up new sources of wheat
supply.
Congress had bestowed land grants on a lavish
Counties and towns had loaded themselves with
scale.
bonded debt as a means of securing transportation facilFarmers had mortgaged their real estate to make
ities.
the necessary improvements which should enable them to
take part in the competition
for supplying
the world's
markets.
sold in 1881,
it
is
probable that
could have paid for the
all
interests concerned
new mileage without
hardship.
But what was possible with wheat at $1-15 was not possible when it had fallen to less than two thirds of that
The farmers forgot the lessons of past experience
price.
as completely as railroad investors had done, and tried by
legislative power to compel the roads to accept schedules
of rates arbitrarily enforced by State commissions.
Thus
far the situation to day is like that in 1874.
But there is one important difference which greatly
narrows the fighting ground. In 1874 the railroads were
contending against the right of regulation as such
;
in
1888, they are contending against arbitrary instances of
Valley laws were
passed rigidly regulating the scale of railroad charges by
reducing them all to an equal mileage scale based on the
In 1874 they were striving
immunity from regulation as such in 188 8 they are
fighting against what they consider unjust regulation.
Perhaps the most striking illustration of the present
position of the two parties was found in the conduct of
the Minnesota case recently decided by Judge Brewer.
The Railroad Commissioners had ordered that certain
switching charges should be only a dollar.
The railroads
had previously charged from fifty cents to two dollars ;
and they brought evidence, in the course of the case, to
show that a compulsory rate of one dollar would not
remunerate them for the work. The Commissioners do
not seem to have given themselves the trouble to answer
this evidence.
They assumed that they had the right to
regulate charges, and that they therefore could do any-
competitive rates for through
thing they pleased without giving account to anybody.
As
the exercise of that right.
long as wheat prices remained at their highest, and
grain crops were abundant, there
was no
difficulty in
meeting
the fixed charges on all these obligations.
But with the restoration of peace in Europe came a fall
in prices; and with it came the question who should bear
Towns tried to repudiate their
farmers tried to shift the weight of the loss upon
the weight of the burden.
debts;
the railroads by forced reduction in charge.
The Granges,
drawn into
name has become
as representative farmers' organizations, were
the political contest with which their
associated.
the
The movement was
so strong that in most of
States of the upper Mississippi
traffic.
The
on
railroads questioned the validity of such legislation
constitutional grounds, but were defeated.
In the
of Granger cases, decided in 1877, the Supreme
Court enunciated its doctrine of the dedication of private
series
property to public use, and upheld the right of the States
to regulate railroad charges.
severe.
it
of its
Had
the decision come two
would have been very
But before it was published, events had deprived
immediate force. It was seen that there were
years earlier,
its
financial effects
practical limits to such legislation, wholly independent of
constitutional ones.
The States which had passed the
for
Even
;
if newspaper reports can be
impudent enough to feign surprise that
a United States judge can go into the merits of a case OQ
which they have already made a ruling.
Another form of arbitrary exercise of power has come
up in Mississippi. The Illinois Central and the Mobile &
Ohio Bailroad run through the State on nearly parallel
lines from North to South.
The Illinois Central is better
built and has a larger capitalization per mile
but it can
thus be operated under more favorable conditions, and it
has behind it a company which is financially strong, and
which has large revenues in other States even if Missis-
after
the decision,
trusted, they are
;
most severe laws found that they had thereby crippled
their railroad service.
Not merely had they stopped its sippi should pursue a policy of virtual confiscation.
extension, but they had deprive! the old lines of all
Presuming on these facts, the Mississippi Commissioners
inducement to furnish the necessary facilities. Their have tried
to enforce on the Illinois Central lines a tariff
rolling stock was becoming inadequate;
their track much lower than that which they enforce on the Mobile
was falling into bad repair
in
short,
the neces- & Ohio.
The railroad men say that the difference is 25
sary means for marketing the products of the State
per cent and the Commissioners do not deny that it is
were becoming scarce.
The farmers of the upper very considerable. They seem to think that a foreign
Mississippi Valley found that, if they would not pay
corporation, which has a large amount of capital invested
for railroads, they could not have railroads; and,
how- in the State, is in some sense at their mercy, and that they
ever severe might be the burden of high rates, the hardcan, by arbitrary differences in local rates, deprive it of
ship of not having the necessary railroad service was
in- the advantage due to its superior construction and equipfinitely worse.
Before the Supreme Court had decided ment for the benefit of Mississippi
shippers.
We cannot
;
;
—
AuacsT
THE CHRONICLE.
11, 1888.J
believe that the United States courts will take this view
of the matter.
The question has come up in a more general form in
the suits before Judge Brewer for an injunction against
the Iowa Commissioners, in which the railroads have tlms
Until a comparatively recent
far had the advantage.
time the Iowa Commissioners have been a wise and conservative body, and the services of men like Judge
McDill and Mr. Coffin ought not soon to be forgotten.
But of late the selection has not been so good, and within
a year the office has become a purely political one. Rates
have been prescribed for the railroads, not on wise bust
Only a
ness principles, but as a means of catching votes.
small fraction
—
—hardly one-seventieth
part,
wo
showing the deliveries of grain by each leading route will
be found both useful and instructive.
At the outset, and before giving the details of the deliveries, it will be woll to make a few preliminary remarks.
And in the first place it should be understood that the receipts this year have been unusually small.
"We bad short
crops last year the corn yield was next to a failure and
there was at the same time a diminished demand from
abroad for our cereals, the effects of which in the case of
wheat we have before taken occasion to point out. As a
—
amount
—
has been a very important falling
result, there
of grain brought
with the
up
believe
165,
first
six
into
New York
months of 1887.
to the let of July,
In
fact,
as
in the
off
compared
the deliveries
1888 (inclading flour reduced to the
were only 38,412,931 bushels, while
had been 53,915,894 bushels, in 1885 57,305,361 bushels, and in 1880 65,982,949 bushels. The
gered.
These facts led to reckless proceedings on the truth is, the receipts have not been so small since 1877
part of the Commissioners, and the judicial inquiry was eleven years ago as the following summary covering the
most damaging to any reputation which they may have last twelve years will show.
BECEIPTS OF GBAIS AT KEW YORK FIRST C MONTHS.
had for sound business methods.
If railroad property
of the Iowa railroad stock
held within the State.
is
The equivalent
be subserved by forced
reductions are far greater than any which could be endan-
immediate
interests
political
to
in wheat),
in 1887 they
—
were
know
to be left to uncontrolled regulation of this kind,
of
no sensible
railroads.
man who would
Fortunately there
is
invest his
reason
to
money
believe
we
in
that
the United States courts will interfere. They have upheld
when
the right to regulate railroads; but
ties interpret
the right
confiscate, there is
to
will
to
regulate as
the State authori-
meaning the right
every reason to believe that they
be stopped.
ButK
Year.
ISr?
1878
1819
1880
1881
1882
S8,8t9,87S
60,65Z,09t
61,400,857
65,982,949
62,321,049
41,070,212
To get
at
B?,604,8g8
42,2«6,18S
57,306,361
52,l99,4a0
63,9I5,89i
88,412,93)
an idea of the falling
in this reduction
the grain
in
figures for this year
GRAIN RECEIPTS AT NEW YORK— THEIR
CHARACTER AND EXTENT.
HusK
Tear.
1883
1884
1885
1886
1897
1888
and
last.
off in
Here
is
At an average
15| million bushels.
tonnage involved
receipts, take
merely the
a decrease of about
of 50
pounds to the
bushel (the figures cover mixed weights, since they
in-
means a
de-
clude wheat,
corn,
oats,
barley,
etc.), this
In the demoralization in which rates on dressed beef crease of 775 million pounds or 388,000 tons in the freight
and live stock among the trunk lines east from Chicago represented by the grain arriva's at New York. Part of
have for some time been involved, the rates on the grain this decrease is in the tonnage coming by water, but, as
traffic do not seem to have shared to any considerab'e will be seen further below, nearly 12 million bushels, emextent.
This has been rather a surprise, since that traffic bracing 600 million pounds or 300,000 tons, fell upon the
is usually the first to feel the effects of a lack of harmony railroads.
"With a rate of $5 per ton from Chicago to
among
the lines; indeed last year for a part of the time
New
York, the value of
this
— that
tonnage in gross earnings
grain was about the only important commodity on which
would be $1,500,000
"cuts" were reported. The fact that the present year the
tariff on that class of business, has, on the whole, been so well
maintained, has to close observers been evidence that
affairs were in a much better state than current reports
would lead one to suppose, and the action of the managers
at their meeting this week in recommending to the Central
Traffic Association a restoration of rates on various classes
of freight (though immigrant fares were reduced at the
a point as far west as Chicago
same time
for a special reason)
is
Buffalo, that
is,
;
the Eastern trunk lines, the loss
may be
taken at half this amount, or say $750,000.
But that
is
not
all.
The
falling off in
the receipts
at
Boston, Baltimore and Philadelphia has been even heavier.
We
ports
as above, the weight
disturbed, there have
it all came from
on the lines east from
supposing
do not intend to-day to go into the movement at those
any further than to say that as compared with the
first six months of 1887 the three ports suffered a decrease
further proof of the same in 1888 of nearly 18 million bushels.
On the same basis
circumstance.
"While, however, the
is,
grain tariff has been very
little
of this 18 million bushels
would be
900 million pounds, or 450,0i)0 tons, and the value in
not been wanting rumors that this
gross earnings would be 2^ million dollars for the
was getting more than distance from Chicago to New York, and 1^ million dollars
its due proportion of the business, leading to discontent and
for the distarce from Buffalo to New York.
In other
complaint upon the part of the other roads not so favored. words, if we combine the rail arrivals at New York with the
This makes it interesting and important to see just what deliveries at the other ports, we find a total falling off of
the position of each road has been in tbat respect, and as we nearly 30 million bushels as compared with last year
have been placed in possession of the figures for June and representing a loss of 750,000 tons of freight, and
have previously had the figures for the preceding months, $3,750,000 of gross earnings if carried from Chicago to
we have thought it desirable to combine them and show the seaboard, and $1,875,000 if carried only over the
or that road, by fair means or
foul,
Yet the
the result for the half year ended June 30 in comparison
Eastern trunk
with the result for the
week, giving total gross and net revenues of the
first
half
of
other recent years.
lines.
table
published by us last
New
Comparisons covering a long period of time like this have York Central, the Pennsylvania, the Erie, the Lake Shore,
more value than those relating merely to one or two single and the Michigan Central, showed a gain of nearly two
months, as it often happens that in the latter case the million dollars in gross receipts in the face of the falUng
changes are the work of special or transient circumstances. off in the grain tonnage. With the extent and sigoificance
The movement for the half year, however, as we have of this latter circumstance now made plain, the returns of
prepared it, is not open to this objection, or at least not to the trunk lines in question wear an even more favorable
the same extent.
Hence the
table
which wo
shall present
aspect.
5
THE CHRONICLE.
156
we examine a
into the grain movement,
would naturally be expected,
is confined chiefly to the two principal cereals, or more
Here is a table to show
specifically to wheat and corn.
If
we
little furttier
find that the decline, as
the composition of the grain receipts for the
first
half of
the last four years.
KINES OF GRAIN EECEIVED AT
January
1 to
June
1888.
SO.
Flour
bbls.
Com meal
Com meal
Wheat
NEW YOBK.
bbls.
78,653
sacks.
217,022'
2.345,682
2,989,996
68,516
207,060
77,318
134,434
il0,45:
=
1886.
1886.
1887.
2,675.543
2,874.'.53,
1
207,520
bush.
bush.
5,27a,220|
19,341,813
10,208,406
8,699.414
6,409.589
8,551 ,Wt<
18,152,942
19,747,682
bush
9,047,390
9,003,972
8,794,902
10,910.251
1,500.882
70,887
1,470,72
1,418,835
1,S80,SOO
85,822
318,182
Peas
Halt
bush.
bush.
bush.
bush.
Total grain
Flour reduced t j
Heal reduced to
bush.
bush.
bush.
21,727,892
12,936,3S7
bush.
Oom
Oats
Barley
Bye
Grand
'
total
344,228
173,844
2,332,622
200,804
149,033
2,393.959
2,057,718
41.219,084
41,256,870
43,272,23S
12,039,942
656,868
10,555.686
13,464,983
748,652
688,190
578,140
3j,41-',931
53,915,891
62,499,426) 57,505,381
99,000
2,323.944
Thus over 14 million bushels out of the 15|^ million
oil from 1887, is in wheat alone, offset,
however, to the extent of nearly a million bushels by a
gain in flour. The loss m corn is a little over two million
bushels, which may seem a small reduction in view of the
bushels falling
great shortage of last season's yield of that cereal, but
there had been a very heavy decline in the
six
first
months
of 1887, the arrivals of corn then beicg only 8,551,878
bushels (now they are 6,409,589) sgaintt 18,152,942
As
bushels in 1886 and 19,747,682 in 1885.
changes in the other principal
cereal?,
regards ihe
namely
oats,
[Vol.
XLMI
fiom 5-93 and 10-37 per cent to 16 32 per cent, £0 that
the two Vanderbilt roads together carried 37-20 per cent
of the whole in 1888, against 33-74 per cent in 1887 and
30-90 per cent in 1886.
The Pennsylvania has ako
increased its proportion over 1887 and 1886, and is now
up to 10-30 per cent, against 8-41 per cent last year.
The Lackawanna has likewise gained a trifle, but this
after having suffered a heavy reduction the previous
year.
The various roads, which had increased their
percentage in
1887, have
proportion of
1886.
3-43 per cent
loss of
road being
down
months reached
now about
The
in
thing
on the
Erie,
the
latio
to the lowest
years.
It
reported that the road was running ahead.
of
fact
it
gain on
did
last
a
is
that
percentage for the six
many
a great
in
got back to their
really surprising
year
(in
bad been
In point
w&
percentage
mean) in the last two months, but lost heavily in the early
months. The canal's proportion is down to 18 84 per
cent from 21-86 per cent in 1887, but that has little
significance as the canal was opened later this season.
For
the month of June that route brought in 56 37 per cent of
the whole amount of grain received, against 52-30 per cent
in the corresponding month in 1887; in the case of wheat
and corn the arriva's in thai month were nearly all by
canal, and in the case of oals over one-half the amount
came that way.
RAILROAD GROSS EARNJNGS FOR JULY.
malt
The July exhibit of earnings is much like that for th»
immed'a'ely preceding there is quite a nummonths
see how the different routes
wh-ch report a decrease, but a great many
roads
tave fared in this reduction in the grain movement. ber of
report
an increase, so that taking the roads as a
which
more
Examination shows that with the exception of the Wtst
result
is pretty satisfactory. The gain is not large,
the
whole
Shore, all the roads and likewise
and
barley, they are all small
We are now prepared
and unimportant.
;
to
the canal have delivered
greatly reduced amounts of grain.
Thus the New York
reaching, on the 102 roads included in our statement, $846,-
Central has suffered a reduction of over 4| million bushels
(made good only in small part by the gain on the "West
008, or about 3^ per cent
Shore), the Erie a reduction of about the
of the conditions
—but
—mileage having increased about
must be interpreted in the light
which have prevailed, and also with du©
same amount, as
also the canal, while the Lackawanna h as lost about 700.000 regard to the magnitude of last year's earnings, which,
bushels, the Pennsylvania not quite 600,000 bushels, and form the basis of comparison with the present year.
Considering the latter point first, it is found that in
the various or miscellaneous
roads
6 per cent
2,000,000 bushels.
this gain
—
—
But with the heavy contraction already noted in the July, 1887 in the face of a number of unfavorable cirthere had been a gain of about 2:^^ million
total movement, it was inevitable that all, or nearly cumstances
roads, and this after a gain of o\ millions
107
on
dollars
all, the leading routes should suffer more
or less.
It
important,
is
therefore,
notice
to
the
effect
of
the
changing the proporUons and relative positions
Accordingly we give in the
following both the amounts and percentages of each route
losses in
of the different roads.
for a series of years.
the remark that
We will
preface the statement
year preceding, so that the present increase of
$846,008 is additional to these heavy gains. In fact,
if we except 1884 and 1885, when the changes were very
in the
slight,
our July statement of earnings has for a
great
shown heavy and substantial gains. We
repeat what we have said on previous occasions,
many
with
years past
seems nothing Icss than marvellous in
the face of the heavy decline in the volume of the grain
will
the roads should have succeeded in holding up
rat€8 on that class of business at a time when live
stock
roads in the Northwest and Southwest like the Chicago
and dressed
the
it
trafQc, that
beef rates were so completely demoralized.
KECEIPTS OP OBAIN AT NEW YORK BY KODTES.
Januarij 1
to
June
80.
K.Y. Central...
1888.
18S7.
3,l)5,=;.>-3
2,084.454
5'42!
Went
0,2«8,912
I6-3-/J
Shore....
1886.
\p.O
Bush.
8.0^1,476 ^0•s^ 12,802.111 23-37
B,829,;tB.i 17-78 ll,l»l,65l 21-21
Brte
Pennsylvania..
Del. Lack. &W.
Various RH.'s.
Bush.
\p.c.
Itttih.
>
10-;
8,5«l,^39' 0-07:
i
j
4,538,302
8-41
2.810,109
6-21
18,473,828 32-24
10,003,338 20-77
4,498.918i 8-57
11,974,012 20-80
3.115,819
4,542,«59| 8-43
5-93
6-04
Pacific,
but
following
is
a
last
year
summary
is
wiih very heavy
totals.
The
of the July aggregates for nine
years past.
b.438.063 14-73
8,800.028
6-63
MUfage.
6,847,318 10-20
474,207 0-83
3,173.148J
29,721,911 77-371 ,41,516,778,T7-00 '40,898,881^77 90
49,007,464 85-J2
1,454 4'JO 8-70
616,616 1-14
872,509; 1-08
l,'a02,233 2-10
7,2 6,f00 lS-81 !ll,784,600;21-86 10,728,050 20-44
7,095,654 12-38
1
TouIrr
Hirer & coastw
&
Qaincy, the Bock Island,
Omaha, the Atchison, and the Missouri
comparison for
P.O.
13,lO7,812]2!-07
6,o»7,80o'll-62
5,590,943 10-37
Bush.
&
Northwest, the Burlington
whatever the result on these roads the present year, their
omission does not in any way qualify the fact that the
1885.
[p. C.
namely, that the statement does not include certain large
Period.
Ttaminga.
Year
Year
Year
Year
Qiven.
Preceding}
Qiven.
Preceding.
Inereateor
DecreoM^
I
Canal
ToUlall
MOet.
Mllea.
35,111
48,042
£4.041
31,613
47,897
49,851
61,761
61.619
31,42J
17,964,311
15,354,S.-0 Inc. 2.099.481
4-^,5:14
23,049,112
21,1!57.9.'7
'
.i8,412.v3lll00-0 |63!916,894
100^
S2,<99,4-^0
1000
57,305.361 100-0
According to this statement, the Central's proportion
has been reduced from 24-97 per cent in 1886 and 23 37
per cent in 1887, to 20-88 per cent in 1888.
time, however, the West Shore has increased
At
its
the same
proportion
July, 1880 (47 roads)
July, 1881 (47 roads)
July, 1882 (61 roads)
July, 1883 (Oil roads)
July.
July,
July,
Ju'y,
Jillv.
1884 (40 roads)
1886 (0(1 roads)
1888 (68 roads)
iaS7(l07roads)
16,749,5,36
13,491,254 Inc. 4,258,282
49,303
29,103
47,206
48,123
58,750
inc. 1.101,185
23,251,8S1 Inc. 1,142,487
1S,054,677| 13,062,727; Inc.
1,850
17,793,0181 17,8,59,371' Dec .
05.753
22,823.350 19.578,034 Inc. 3,247,323
28,48'2.a41^ 24.240,700 Inc. 2,-.i41..'i38
f'7.!i1
25
24,3li7,30sl
a(l?,,4K4'
24.519.476 Inc.
846,008
1
..
..
AuorsT
THE CHRONIOLR
11, 1868.]
a BOH BAKIONOS AND MILBAOH IN JULT.
of Road,
1888.
1887.
r.utflo...
Buff. Itoeb. Si 1-ltUb
147,382
Xo.
Clilc,
lD.S.H-19
Kill", it
I'l'il.
Cairo Vine. &
Califoniiii Houtliera
Caurtillan Piiclllo
0'2,218
114,4UU
1,130,000
25,0*7
101,876
370,453
105.30l|
107,"05i
..
Capo Kear & Yad. Val
Central of Iowa
Clu'Kaiieakc it Ohio...
CUica^'u I.V Atlantic.
ChknKO A
lU.
i;a.->t
Coal...
Cliic. it IiKl.
30,2-10
1,923,.500
CUIo. Mihv. ist. I'aiil.
Chlottjro & Ohio Klvcr.
Chlo. I?t. 1'. it Kaiis.C.
CUIc. &\V,stMicU.. ..
Clu. Jackson Jc .Mack.
Cin. N.O. itTc.'S. I'ac.
Alabama
N. O.it
Ot.'^oulli
3,:)r>3
180,271
11.^), 303
4.\102
323, .107!
12(),;>12;
.
.N'ortli lOast..
<i(!,l!l2;
Vlcksli. it Mcriiliau
32,200
ViokHb. Sh.
l>ao...
Ft. W...
37,08.'^
CfU.
Bait....
•CloT. Akron & Col...
Cler. Col. Cln. & Ind
Clevc. & Marietta...
Col. & Cln. Midland...
Col. Hock. V. it Tol...
102,4!13
&
Wash. &
in. Kicli.
Deuv.
Deuv.
&
it
RloGraudo..
R. O.
it
West
.
'Det. Bay City A Alp.
Detroit Lans't' it No
*KastTenn. Va. itGa.
Evansv. it Ind'uap'a.
Evanav. *T. Hautjj..
Flint & Vent Marq.
Fla. Ry. <fe Nnv. Co
•Ft. Worth it Ueu.Clty
Georgia Pacillo
.
Gr. Riipiilsit lud'a....
Other Hues
tGraud Trunk of Can
"Houston & Tex.Ccnt.
ni.Cent.dll.it.'^o.Div.)
Cedar FaU.s it Minn
Kubnoue it ». City.
Iowa Falls it f. City.
&
lud. Doc.
Western
Kanawha & Ohio
Kan. C. Ft. S. it Mem
•Kan. C.
Clin.
& Sp
•Keokuk & Western..
Kiugst. <t Pembroke
Lake Erie & Western
LehiKh
* Little
&
Hudson...
Rock i -Mem
jMUf! Island
I«uis. Kvans.
&
liOulsvilie
it St. L.
Na.shv.
..
Loulsv.N.Aib. <tChic.
& Texas
Louis. N. O.
Memphis
28,0«0
31,543
550,032
21,448
30,917
250,909
000,750
100,450
33,100
78,342
294,883
20,094
73,123
193,361
75,509
63,701
92,462
218,436
16,45d
1,471,300
117,988
880,042
8,776
67,184
55,107
27,293
20,201
199,492
11,930
15.381
18.430
175.581
24,018
28,044
433,727
03,285
1,312,035
186,885
138,3i'8
.
Chai-'tou.
114,938
tMexican Central
•;Mexican Railway..
Milw. L.Sh.iWest...
Milwaukee & North ..
Mobile* Ohio
Natchez Jack, it Col.
N.Y. Cent. & Hud. R..
N. V. & Northern
N.Y. Ont. A: West'rn..
Norfolk & Western. ..
Northern Pacitie
Ohio <t MlssLssippi...
Ohio River
Ohio Southern
430,07.'i
<k
239,652
292,692
87,422
174,321
10,090
2,850,191
60.080
160,263
372,568
1,574,191
284,413
40,030
35,559
170,912
330,630
144,800
58,300
33,350
53,550
10,650
8,370
00,342
213,230
Pittsburg it Western..
Eiohm. it Danville...
Va. Midland Div
Charl. C. & A. Div.
Col. & Grecuv. Div
Western N. C. Div.
Wash. O. & W. Div
Ashev.
8t.L. A.
&
Si)ar.
&T. U.
St. Louis Ark. it
fit.
Div.
brchs.
Tex.
Louis* San Fran..
Paul
4M,960
Dululh....
175,510
Paul Minn, it Man.
San Ant ArAran. Pass
Shenandoah Valley...
825,2'i8
8t.
8t,
it
Mileage.
Inereaae or
Deeruue.
1887.
Statcn Island Rap.
80,910
72,000
139,500
453,514
52,632
89,074
63,420
54,614
481,720
290,500
68,539
330,417
T.
Texas it Pacillc
Tol. A. A. * N.Mich..
Tol. & Ohio Central...
Tol. Peoria it West...
Valley of Ohio
Wabash Western
West. N.Y. & Penn...
Wheelinjr & L. Erie. ..
«Wi8Consin Central. .
197,209
818
+ 25,690
—37,432
184,814
294
-3,314 1,040
202,163
-3,127
65,345
207
100,230
210
+ 8,236
1,057,2»0
+78,701 4,060
19.429
234
+ 5,618
99,974
+4,902
510
389,08
—12,628
502
187,390
—21,839
268
170,315
—2,510
278
32,750
+3,490
146
1,846,450
+77,044 5,670
5,433
—2,080
80
680'
120,059
+ 65,612
1 13,344
414
+ 1,959
40,789
+4,313
346
209, LIS
330
+ 54,254
115,973
295
+4,939
43,190
+22,996
196
34,324
—2,118
143
33,356
+4,329
170
—5,334
33,994
80
—9,619
172,112
281
33,086
194
+ 1,457
045.722
—89,690
736
19,774
106
+4,674
27,217
+3.730
70
201,481
+55,488
325
—11,420 1,402
678,170
97,500
+2,950
369
32,075
+491
218
—5,545
83,887
208
287,993
+ 6,8!<0 1,098
18,011
138
+ 1,483
79,262
—6,137
156
223,163
—27,802
303
72,337
+ 3,172
574
51,009
+12,092
450
90,615
401
+ 1.847
229,226
—10,790
440
15,883
32
+573
—114,647 3,419
1,585,947
145,334
—27,346
513
883,366
+2,676 1,933
8,005
+171
76
61,444
143
+5,740
52,725
184
+2,742
38,220
—10,927
152
15,943
129
+ 4,258
245,826
46.3J4
671
11,430
163
+ 600
—1.069
10,450
148
15,744
+2,080
115
170,464
+&.117
592
22,331
63
+ 1,687
—10,731
38,775
135
419,717
+ 14,010 354
—12,837
78,122
278
—14,629 2,149
1,320,664
190,882
—9,997
537
109,722
+28,780
514
—12,959
127,897
330
373,464
+62,011 1,236
208,127
+31,525
293
326,214
—33,522
592
80,824
+6,598
303
170,054
+4,207
687
11,540
—1,4.50
100
2,779,198
+70,993 1,447
52,790
+7,296
58
155,399
+ 10,864 320
302,308
+70,200
554
1,202,570 +371,615 3,277
—38,277
322,692
616
37,269
+2,761
211
41,908
—6,349
128
162,817
+ 14,095
307
305,370
+25,200
797
120,400
+ 18,400 355
55,223
+3,077
373
29,940
296
+ 3,610
—2,440
55,990
290
—150
10,800
50
7,916
+454
70
69,162
—2,820
203
190,135
+23,101 1,205
527,372
-72,400 1,319
161,272
230
+ 14,238
021,345
+203,923 2,051
50,013
353
+ 21,297
71,090
+ 310
255
124,308
+ 15,192
21
400,955
+52,559 1,487
40,579
+12,053
184
80,264
+ 8,810
226
75,103
—11,67
247
44,1 K2
+ 10,452
91
574,416
—92,696 1,001
—
251,5.52
59,673
352,049
+33,948
+8,866
—21,032
663
187
818
818
291
1,039
207
210
4,465
194
510
.'^02
208
251
140
5,298
80
in the
receipts
the principal Western point!
at
chiefly as the result of the
reduced yield of winter wheat
but this year, with another bad harvest of that kind of
wheat, a still further and more noteworthy contraction
has occurred in the movement of t&at cereal.
Thus in
the four weeks of July, 1887, the receipts of wheat at the
Western points were
eight principal
against
11,725,938
bushels In
bushel*
9,4.31,506
the corresponding four
weeks of 1886; now for 1888 the amount is only 3,879,162
414 bushels, being a loss as compared with 1887 of over 5^
280 million bushels, and as compared
with 1886 of nearly
330
293 8 million bushels.
At
the same time there was a loss
190
143 from last year in the case of oats of nearly
1^ million
170
86
281
144
730
100
70
325
1,317
309
218
268
1,09S
138
150
363
574
277
382
As
32
3,418
513
1,933
70
143
181
l.=>2
129
071
103
148
113
548
03
133
334
251
2,023
537
512
330
1,236
bushels, but
last.
Flour,
Wheat,
Com,
(6611.)
{6u»?i.)
(6iufi.)
4 wka. .Inly. 1888
4 wks. July, 1S87
Since Jan. 1, 1888
Since Jan. 1,188
a4«,48-
65.<1,201
474,794
184
226
247
91
1,001
603
187
818
f816,008 61,519:57,913
weeks only of July in....
each year,
For four weeks ended July ;"
Mexican
currency.
J
c All lines.
Byt,
(.buih.)
2.977,930
2.417.742
2.6fl2,as5
3,338,974
3S,tl8
64,888
31,5n2.874l25..'i91.3«6
8,SlH,7t»4
23,i69,072 22,l25,92a
4,248,935
44.0B4
82,12S
&3S,80T
353.007
12,200
11,250
1,474.078
1,076,039
ll,01&
21,600
237J.6a
86,780
»,170,774
183.279
170,886
l,as«,281
1,134,971
40?,225
407,348
4, 107,45s
3,680,276
38,680
30,245
588.690
l,5<i),00(i:
570,94')!
1,433,040
4 wka. July, 1S88
4 wks. July, 1887
58.097
80,426
1,73.3.773
4,259,249
Since Jan. 1,1888
Since Jan. 1,1887
48.S.80I
S.82:),5.56
575,573
7,088,691
677,345
740,340
9,802,ai4
10,03u,82l
H.772
17,075
S23,74S
43.856
1,9-1,977
1,034,703
3,684,478
14S,514
1,087,706
l,l3^2i^8
3,334,912
8lnce Jan. 1.1888
Since Jan. 1,1887
201,000
233,300
St.LnuU—
896,631
8,«58
fl,eo»
^ 4,845
7rt»,474
986,497
7,798
«0,413
113,733
1,260.507
1,466,457
11.817
89.138
117,391
135,614
500
19.361
97,483
ei,aaf
39.231
21,414
443.243
1,044,579
87,481
82,568
64i,-44
788,270
824,027
468,366
4,718.810
4,348,130
Touao—
4 wks. July. 1888
4 wks. July, 1887
Since Jan. 1, 1888
Since Jan. 1, 1887
fll,»o9
151,8721
Detroit—
4 wks. July, 1888
4 wka. July, 1887
Since J«n. 1,1888
Since Jan. 1,1887
13.891
8.S!«I
110,603
95,985
20,791
ll.JJH
144.722
123,631
Since Jan. 1.1888
Since Jan. 1,1887
143.319
289,2:)
[
1.5'I6,.531
1,433,927
8.i.319
179,^.03
34,755
12).15-<
19,370
470,19 > 1,069, :9S
583,383.
848.066
495
4,S0O
930
625
96,961
2,140
16.368
7,128
14.400
14.4U0
486.960
844,400
192,320
2«e,sos
166,><»l
Peoria—
8.693
6.235
69.429
46,305
Since Jan. 1. IBS.'*
Since Jan. 1,1887
78.000
8011,050
431.79.5
476,075
277,100
349,900
6,042,530
3,1«4,750
S^4,eOO
1,043.6001
7,487.230
0,272,8261
0300
47,en
DuiuOi—
Total of all
4 wks. July, 1888
967,058
4 wks. July, 1887
019,208
4 wks. July, 1886
t<«;.085i
Since Jan. 1,1888 6,»38,ll»l
Since Jan.I,18H7l 6,431,767
Since Jan. I.I8861 4,n09,324:
21
1,487
Barley,
Milwaukee-4 wks. July, 18S8
4 wks. Jul», 1887
7',»7
238
233
Onto,
(buth.)
817,716
4.581,26H
12,988,391
S.Sesi.BBO
4 wks. July, 1888
4 wks. July, 1887
Since Jan. 1, 1888
Since Jan. 1,1887
225
and
Chicaoo—
610
172
128
367
1,830
well
it is
decline, both this year
very small. Here is our usual table giving fall details.
KECEIPTS OF FrX>nS AND ORAIN FOR FOUR WEEKS ENDED JOLT 23 AND
SINCE JANUARY 1.
4 wks. July, 1S88
4 wks. Jul-, I8Sr
1,013
show a
Altogether, the grain receipts for July, 1888, ware
1,447
353
373
290
290
50
70
188
775
is
is
a very small figure in the grain movement, and yet
Cle Poland—
4 wks. July, 188S
4 wks. July, 1887
2,893
the comparison
to note that they, too,
293
577
269
087
100
54
320
533
regards corn there
an increase of 450,000
with a total diminishedi
four million bushels from 188G.
Barley and rye cut only
bushels.
440
• Includes three
The roads did not have the advantage
month
53-1
Total (102 ro.gds).. 25,363.484 24,5 19,476
t
m conatderabU falling off in
compared with Jaly, 1887. It was noted
year that there had been a great decrease in that
their tratlio as
last
1888,
S
AUimtlc &
Burl.
157
lines have, as a role, suffered
Orott Eamingt.
Kame
4
!
326,049
891.382
4as,229
*,4K».128
4,02a,464
14.'i,47S
788,670
625,856
3,979,162
9,431,.'i06
11.72.>,9;i8
4.0«8,84'
3.63<!.330
7,tt07,8i5
4.622.066
72.270
73,445
5,86ii.5K8t
Or.1103
1)8.965
» 6,263
7,034,520
i,oee,7M
7,H1S.670'
838,511
7,792,:ia9:
9^8, f 9
4.244,7741
20.542.Bn2 49.092,2:0 41,12'i,779l
.iO,7;H,814 39,915.210 ;i4.w21.8."i4i
27,5:i4.3 »3i 53.43l,590;32,47t,610
Note— Receipts
four weeks
at .Minneapolla not included in the
this year 2,895.590 bushels of wheat.
It Will be
cbi-rfly at
observed that the falling
the winter wheat
L luis, where
in the four
were
last
now
leas
above table were
off in
In
the
wheat occurs
markets, and especially at St.
against receipts of over
weeks of July
178,3M
million bushels
4:^^
last year, the receipts
than 1| millions.
At Toledo
this
year
there was a fall
year to 1,961,977 bushels from 2,905,348 oushels, and
in 1888 the total is only 323,743 bushels.
At Dairoit
the receip's of
148,514
bushels for 1888 eompira with
1,087,706 bashels in 1887 and 1,482,132 bushels in 1888.
At
Feoria, there
loss in all
is,
a
heavy in
in addition to a small loss in wheat,
the other cereal?, which
is
esp3cially
of a very active
the case of oats.
This general and great redaction in the
were rather grain movement in the interior markets, is the secret of
quiet, with little special activity, though the volume of the losses in earnings reported by most of the roads in the
businees must have been large, for the heavy railroad Middle Western States, which is quite a fanture of the
earnings are a proof of that, especially when a representa- present exhibit.
state of general trade
tive road like the
provement on
agricultural
— that
to
is
New York
last
year.
products
—and
say, things
Central
As
is
able to
show im-
regards the movements of
especially
grain
—"Western
At what
are called the spring wheat markets
been comparatively slight
;
— the
—namely,
wheat has
Milwaukea indeed shows a
Duluth, Milwaukee and Caicago
loss
in
.
.
1
THE CHRONICLE.
168
The
tiifling gain.
As
Chicago, moieover, must
falling ofl at
(Vol.
regards Southern lOids, the cotton
XIA
movement
II
plays
only a minor part in affecting results at this time of the
have
ceives both winter and spring wheat), for we see that the year, but such as it is it has been heavier than in July,
inspection of spring wheat during the full month of July 1887, the shipments overland standing at about 24,000
was 893 cars this year against only 170 cars last year, bales against 12,000 bales last year, and the receipts at
been entirely in
the winter
variety (that point
re-
while of the winter variety 922 cars were inspected, against the ports being 21,774 bales as against 10,668 bales,
This more favorable comparison as to spring though in July, 1886, they were 29,450 bales, as may be
1,552 cars.
wheat, shows that the roads in the Northwest have fared seen from the following.
much
spect,
other sections in that
better than the roads in
but
re-
BBCEIPTS OF
COTTON AT SOtTTHEKN POBT8 TS JULY, AND
JANCABY 1 TO JULY 31, 1888, 1887 AND 1886.
wheat receipts were
the points in question, and that
should be noted that the
it
not large in either year
at
was a considerable falling ofi in oats,
though in corn, on tne other hand, there was an increasp,
the net result being that on the whole the grain movement at that point was substantially unchanged from last
year.
This is seen in the following, giving the grain and
July.
provisions receipts at Chicago
observed
taking
that,
It will
be
the cereals togeiher, there was a
all
contraction of nearly four million bushels last year and
any recovery the present year. These figures
cover the even month, those above having been simply
scarcely
for four weeks.
BECEIPT8 AT CHrCAGO DURINO JCLT AND SINCE JAN.
Jan.
July.
1.
1887.
1888.
•:86,886
825,814
1,498,282
4,894,788
12,956,671
4,142,924
1888.
1887.
Com., bush.
3,355.639
2,579,810
6,016,856
31,880,167
23,322,753
32,147,8*3
Oats... bush.
Kye....bU8h.
Barley.bUBb.
2,861.532
3,450,26«
2,338,303
25,765,143
19,500,868
68,753
88,668
84.830
87,203
131,025
71,097
540,1177
22,392,874
883,356
8,821,254
4,248,835
418,180
4,705,401
Total grain.
Flour.. .bbls.
Pork...bbla.
Cut mtg.lbsLard.... lbs.
7,100,918
7,007,943
10,955,383
88,702,019
63,274,389
61,034,009
368,022
491,224
277,834
3,877,831
3,467,390
1,920,715
2,407
1,016
2,010
11,839,322
4,0-6,090
10,009,575
18,833,771
50,785
83,990,343 135,896,051
97,612,081
7,744,460
8,167,8511
41,371,002
57,708,126
46,484,285
LtTehoBsNc
331,370
351,580
502,279
3.076,200
2,882,297i
8.783,655
Another
24,711
11,938
which this statement brings out is that
there has been a marked falling oS in the provisions and
live stock movements, pork being the only item which records enlarged receipts.
In cut- meats the decrease is over
7| million pounds, and in lard 3f million, while the num
her of live hogs received, which had last ytar fallen to
351,580 from 502,279 the previous year, has now further
fact
Of
fallen to 331,379.
ies at the
all
only 15,406 oars, against 16,011 cars in 1887 and
16,983
In view of these and other drawbacks, it is surpiising
that Northwestern roads have on the whole done so well,
though one reason for this doubtless is that those roads
did not fare particularly well last year. The St. Paul has
a gain of $77,044, which comes after a loss of $190,270 the
The Burlington Cedar Rapids & Northern
and the Central Iowa a trifling gain and
New
Orleans
Mobile
Savannah
Brunswick, &c.
Charleston
11,552
687
49
3,746
51
50
192
864
1
3, ISO
Norfolk
West Point, &c
2.142
3,550
4901
40!
li,6
42
221
1
1,293'
3,161
10,6681
29,450
2,158
Total.
3,497
21,774
few among them
1,299,5;7 1,244,383
&
like the Louisville
Memphis & Charleston show
1,517,460
losses,
Nashville and the
the explanation for the
favorable exhibits being that Southern companies
have for three or four years been steadily enlarging their
earnings, till now comparison is with very heavy totals.
Two or three roads, however, and especially the Norfolk &
Western and the Louisville New Orleans & Texas,
less
continue
record
to
striking
&
Southwest, the Texas
improvement.
Pacific
is
doing
In
well,
the
but the
Houston & Texas falls behind, partly on account of
The St. Louis & San Francisco has lost a good
part of its heavy gain of last year.
Below is a comparfloods.
ison for a series of years on a
number
of
Southern roads,
a£d also the San Francisco.
July.
1887.
1888.
%
380,081
t
405,509
259,751
1S85.
1884.
Jc
4,022,179
3.9«8,514l 3,696,947, 3,001,700
.323,407
•418,081
Nash.
1,312.035
Memphis'^ Char..
114,938|
Mobile ,& Ohio
Norfolk & West. ..
Rlcbm. & Danv. ..
St. L. & San Fran.
Va. Midland
174,321
Total
*
Fourtli
372,568
830,630
week tiiken same as
Among
&
while the Milwaukee & Northern
has a gain, all three being interested in the transportation of
iron ore from the Lake Superior region.
Going north of
454,968
144.800
t
280,214
26!l,153
222,929
3.11,048
424,216
298,8 J4
1,328.664 1,257,207 1,057,832
127,897
05,463
83,810
170,054
174,305
130.226
802,308
268,280
210,476
305,370
288,698
272,2T«
627,8721
406,2671
3! 5,924
128,400
125,521
132,681
Chesapeake & Ohio
Western show a
loss,
t
376,453
an. N. 0. 4 Tei. P
B. Tenn.Va.&Ga.
stated,
Pacific
7,594
668
28
81
873
;
we have
8.066
PortBoyal, 4o
WlIminKton
Washington, *c
the Iowa lines of the Illinois Central also have improved on
last year. The Chicago St, Paul & Kansas City has a large
increase, as heretofore, on a considerably heavier mileageThe "Wisconsin Central and the Milwaukee Lake Shore &
St. Paul,
1,760
&o
Florida
trifling loss,
Northern
447
bales.
Indianola,
LonlsTille
cars in 1886.
has a
Qalveston
1883.
kinds of live stock, the deliver,
Chicago stock yards in July, 1888, comprised
previous year.
1.
1887.
As a rule, Southern roads are not distinguished for
such heavy gains as on some previous occasions, and some
I.
July SI.
Wlieat.bnsb
1888.
1888.
to
January
Port*.
at Chicago there
for three years.
Since
FROM
t
320,938
226,702
278,037
t
885,208
228,368
311.78*
1,060,104
1,124,776
105,471
131,306
88,059
134,484
219,183
272,282
270,101
146,777
3,047,738
8,130,097
129,323
18.5.824
250,923
359,111
last year.
New York Ceatral,a3 already
makes a vary good showing, but the trunk line
the trunk lines the
connections west of Buffalo have apparently not fared so
well, for the
Ohio
&
Mississippi, the lines in the Cleveland
Columbus Cincinnati
Atlantic, the
&
Indianapolis system, the Chicago
Cincinnati Washington
&
Baltimore, and
the Wabasb,all record larger or smaller losses. These roads
have doubtless been afiEected by the same circumstance as
in an increase of $371,615 by the the other roads in the Middle Western section, namely
and $203,923 by the Manitoba, the the reduced yield and slow harvesting of winter wheat.
heaviest gains reported by any roads in our list.
The There are a few lines in this section which have improved
following is a comparison for six years on six roads, in- greatly on their results of last year, among them the Cocluding 'he Manitoba and Northern Pacific.
lumbus Hocking Valley & Toledo, which is a coal road,
July.
1888.
%
Bur. C. Bap. & Nor.
Central Iowa
Ohio. Mil. « St. P.
ni.Ccnt. (la. linos).
Northern
I'aclOc.
St.FaulMtQo.&M
1887.
t
1886.
t
198,849
104,876
202,163
90.974
209.735
99,958
1,923.600
1,816,45"
2,036,726
1886.
t
224.281
85,079
1884.
t
196,970
OT.212
1,893,97«| 1,049J545
l»4,110l
127,718
1
195.089
107,871
1,820,285
131,427
122,774
123,666
1,574,191
1,202,576
1,100,026
1,000.011
1,022,438
621,845
671,626
650,887
605,168
154,«78
850,223
623,727
4.0«ft.2SS
4.141,824
3.SR7.944
S.Wfi.OSO
3.761.776
825,2681
47S«.1]1
but on the whole the exhibit
is
same
of c»ses, did
1883.
roadp, too, in a
number
rather unfavorable.
The
poorly a year
some instances the falling oH from 1886 is
But in 1886 we had a full and early
harvest of winter wheat, and this year a short and late
harvest.
Here is a comparison for six years on a number
ago, so that in
quite striking.
of leading companies.
...
August H.
THE CBRONICLK.
1888.)
Kamt nf Road.
JuJk.
IEMt.Ill,
Valley of Ohio
A W.Mich...
A Bull
Cblo.
Clii.
Wabash WeHt«m
WcHlern N. V. A Penn
Wheeling A Lake Erie
Wlsconstu Central
VVnsh.
No
Dot. IjinslnffA
Srnnsv.&Torre U.
Film ft P.Man)...
*Orina Rap.Alnd
till.
1889.
1887.
Inereau!.
Decreai*.
A
A
Chlcnao
159
..
372,985
3,054,385
1,688,862
196,964
2,016,737
351.187
3,475,603
1,4 87,094
414,734
1,997,340
21,798
421 ,2 IS
201 ,768
82.230
19,397
Totnl(lOOrondB). ..;169,986,427 162,557,279 10.961,328 3,932,180
7.029.148
Net increase
Central
•
A MimlulppI
Ohio
t
Total
a.gt8.«>H
• All Unex.
t
3.887.844
t
Inelndes three weeks only of July
To July 28.
Mexican currency.
In each year.
and Soutbem divisions.
Illinois
For the seven months to the end of July our statement
shows a gain of $7,029,148 on 100 roads over the same
month
The gain
of last year.
— and not a few
4^ per cent
some of them
iogg,
many
the
in
not large
is
—
heavy amounts
too,
but considering
unfavorable influences that have been
the exhibit is far from unsatisfactory.
OnOSS EARNINQS PROM JANUARY 1 TO JULY
Namt of Road.
&
Atliintio
I'llta. ..
Sc No...
Caiiii Viiui'iiin'S
&
C'lilo
Sdiitlicm
Cnliri>riilii
Caiutdiiku i^acttiu
Cape
I'l'arik
Viwlktn Val.
Ceiitnil of Iowa
ClieaanpiiUo & Ohio
ChlcafTo it Atlantic
Chic, it lOastoni IlUjiois.
Chlo. it Inil. Coal
CUlcaso Milw. A- .St. Paul
CblcaRo it Ohio Klver...
Ohio. S(. V.
Chicago
K»ii. City
it
Wist Mich.
iV
.
Cin. Jack.soii A Mack
Cin. N. Oil. A Tex. Pac.
Alaliauia (U. S<outh'n.
New Orleaim A No. E.
Viekslmig
A Meridian.
APao.
A Ft. Wayuo
Viik.sl)Ui-Kl?h.
.
Cin. Kich.
Cin. Wash. A Baltimore.
•Clev. Akron A Col
Clev. Col. Cin. A lud....
Clcv. A Marietta
Col. A Cin. .Midland
Col. Hook. Val. A Tol....
Denver A Rio Grande...
Denver A E. (i. Western
•Det. Bay City A Aljxna
Detroit Ijinsins & No...
"Ea*tTenn. Va. A Ga...
Evansville A Indianap.
Evansv. AT.
Iliiiite....
Flint A Perc JIarquette
Florida U'y A Nav. Co
•Fori Worth A Den. City
.
Georgia
Grand
I'acilic
Kaiiids
A
Ind
Otherlines
(Grand Tr. of Canada..
A
'Houst.
Tex. Central.
Cen.— <Ill.ASo.Dlv8.)
Cedar I'alls A Minn
DutuKi ite A Sioux City.
ni.
.
.
la. Falls A Siou.K City.
Ind. Decatur A Wesl'n..
Kanawha A Ohio
•Kan. City Ft. S. A Mem.
*Kan. riiv Clin. A .Spring
'Keokuk A Western
Kiuirston
A Pembroke
Lake
A Western....
IIud.Mm
i:rio
Lchiuh
A
..
&
•Little Koek
Memphis
Long l.siaud...
LouiKV. Kvansv. A St. L.
IxJuLsvillc A Nashville ..
Loui.sv.N.Alb. AChio.
Louisv. N. O. A Te-xas...
Meniplii.-i A Charleston..
IMexK-au Central
'1 Mexican iiailwav
Milw.
L. Hliore
A
\Ve8t'n.
Milwaukee A Northern..
Mohile it Ohio
Natchez Jackson A Col..
N.Y. Cen. A Hud. Riv..
N.Y. Ontario A Wcsfn.
Norfolk it We.Hteni
NorllK^rn Pacillc
Ohio
it
Olii"
River
Mi.s.sls8ippl
Pittsburg
Kichuiond
A Western....
A Danville...
Va. Mid. Dir
Char. C. A A. Dlv
Col. AGieenv. Div....
West. Nor. Car. Dir ...
Wash. O. i: W. Div....
Ash. A Sp. Dlv
8t.L.A. A T.n., branches.
St. L. Ark. ATe-xaa
St. Liuiis
8. Francisco.
St. Paul Minn.
Man. ..
A
A
San Ant. A Aran. I'ass.
Shenandoah Viilley
Staten Lsland Rap.Tran.
Texa.s
A
1887.
$
$
1..501, 963
Pacltlo
BulValo Kocli. &
Burl. (V(l. Rap.
1888.
1,447,.-^ 3(1
300,101
1.021.320
6,969,390
176,425
748,255
2,525,090
1.235,691
1,138,808
279.707
12,476,000
25,753
1,136,761
791,927
276,0-14
2,040,665
856,691
472,331
251,656
271,822
226.829
1.149,739
331,73.'.
4,056,742
155,533
187,072
1,185,715
4.206.464
701,487
266.627
536,358
2,943,704
126,052
463,918
1,414.460
616,031
497,084
695,015
1,277,843
114,598
9,734,738
1,127,893
6,440,022
52,196
443.852
431,20f
184,159
149.2.53
2,230,ti92
la9,394
167,713
106,972
1,097,496
137,845
363,146
l,*r48,292
514,883
8,941,818
1,193,476
1,259,467
891,262
3,299,138
2,209,394
1,466.424
583,0-tO
1,364,503
82,024
19,472,824
923,731
2.09K,.542
9,013,353
2,024,933
236,203
302,323
1,08
1.44.''
2,561,293
980,643
483,134
325.420
35(>.226
62.323
57.767
498,572
1.452.462
2,982.532
4,918,371
533,271
461,562
508,434
3,3-10.S35
34(!,»49
I'acitlc
A
Tol. A. A.
Nor. Mich.
Tol. A OhioCi'iitral
Tol. Fi'oria A Western
1,086,737
.
642.225
476.241
at work,
31.
Incretue.
716,510
2,449,193
1,208,541
1,115.197
209,380
13,039,927
37,167
7( 6,947
781,192
237,772
1,838,188
830,893
361,132
274,748
271,443
228,405
1,173.763
298,857
4,176,590
167,581
172,789
1,493,007
4,233,706
574,704
251,384
634,402
2,672,847
126.539
475,247
1,487,878
603.622
341,239
612.013
1,307,633
85,492
10,582,584
1,182,637
0,187,473
67,304
438.552
355,925
233,613
89,036
2,516,1-6
135,905
16»),276
87,977
1.113,596
142,666
399,882
1,736,229
549,286
8,743,927
1,221,655
1,030,526
835,039
2,692,157
2,018,867
1,772,769
520,294
1,321,019
87,565
19„504,923
818,342
2,182.091
6,649,729
2,214,010
166,916
311,406
1,085.837
2,286,069
873.949
434.014
274.535
383.051
58,015
30.117
494,172
1.200,935
3.266,276
4.067.463
241.479
467,213
478,016
3,006,233
277,769
551,024
510.733
Decreatt.
9
?
2',561
73,654
127,104
23,621
1,582,524
1,160,391
1,574,634
413,725
839,771
6,786,092
142,760
[From onr own correspondent.]
in ratio only
roads report diminished earn-
181.15.55
l,183,v9a
33,665
31,745
75,-03
27,153
six months' Vnlls
2;i,611
70,321
563,927
11,414
429,814
10,735
38,772
202,477
25,798
111,199
23.092
379
1,576
24,024
32,878
.....
..
119,848
12,048
14,283
92,708
27,242
126,783
15,243
98,044
270,837
487
11,329
73,418
12,409
155,843
83,002
London, July 28, 1888.
The hardening tendency of the open market rates of discount, to which we referred last week, has made further
progress. The withdrawals of gold from the Bank of England have been on a small scale; but it is b< ginning to be
recognized that the sta islical position of the money market
and of the Bank is not one to encourage the prospect of an
early return to lower rates. Bankers throughout the coimtry
have been unaDimous in their refusal to take the bills offered
by brokers, and brokers have consequently raised their quotations, until three months' bank bills were at one time flrna at
1%, as compared with 1% to 1)4 per cent a week ogo; while
have been negotiated at
2%
to
Z% per
cent.
The suddenness of the advance in the value of money may be
gathered from the fact that early last month three moiiths'
bills were freely taken at 1}^ per cent and six months' bills
at IJ^ per cent. On Thursday the directors of the Bank of
England made no alteration in their advertised rate of discount, which remains at 2J^ per cent; but the market would
not have been surprised had they raised it to 3 per cent. Indeed,
experts are beginning to urge the directors to protect their
stock of bullion.
The money market is somewhat uneasy over the possibility
of gold being exported. In the cui rent half-year, it is remembered, instalments must be paid on various foreign, colonial
and Indian issues of capital aggregating nearly £23,000,000
the calls falling due in August being nearly £8,000,000, in
September £6,500,000, in October £5,000,000, and in No-
vember
£3,500,000.
Houses connected with South America
are reticent as to their intentions, but there are indications that
not far short of £2.000,000 may be required for that quarter
within the next few weeks. Already upwards of a million has
been taken since the middle of July, and the stock of gold
held by the Bank of England has thus been reduced to less
827,846 than £21,000,000.
Had it not been for arrivals in the open
54,744
market from the United States and Australia, and some small
15,108 parcels from
the Continent, the drain upon the Bank of England would have been still heavier. "We have been hoping to
49,4.54
receive considerable remittances of gold from New York dur315, 194 ing the next few weeks, but it now looks
as though wo might
be disappointed. Crop reports for this country and Western
16,100 Europe are unfavorable, and point to a possible deficiency in
4,821 the yield, which may necessitate our drawing quite largely
29,790
29,106
.
252,549
5,300
75,283
60,217
3.489
1,439
18,995
36,736
112,063
34,403
197,891
26,179
228,941
6,223
606,^81
190,527
on American supplies, in which case the flow of gold may be
from rather than to the United Kingdom. Of late years our
Australasian colonies have sent us very little gold indeed; and
though the shipments this year may be on a larger scale than
either last year or the year before,
306,285
62.746
43,484
that
we
shall
it does not appear probable
be able to secure any appreciable sum. As for
the Continental supply, that
is
pretty well out of the question.
5,541
32,099
The French Government next year is to borrow largely, and
in view of this the Bank of France directors will scarcely
allow the withdrawal of gold and the German Bank, although
189,083
has supplies far in excess of actual requirements, is very
unlikely to let it go out of the country..
The harvest, which is said to be three to five weeks later
than usual, may protract the customary outflow of gold to
Ireland and the provinces but the holiday requirements of
tourists, so far much smaller than usual at this time of the
year, will probably increase in the near future. To sum up,
therefore, with the probability of an expansion of demand we
have no promise of a corresponding increase in supply, while
105,189
514,451
2,363,624
;
69,377
0,083
4,392
275,224
106,69j
49,090
50,883
it
;
28,825
4,278
27,650
4,400
251,507
273,744
850,908
291,792
5,651
30,418
334,600
69,1811
91,201
.-!
1.192
the Bank of England is in a poor position to meet the increased demand. As is usually the case when fixed money is
rapidly becoming dearer, short money has been abundant, for
the reason that every one wishes to have his funds within
reach. Although during the past week some very heavy calls
:
:
»
:
THE CHRONICLE.
160
have been made
for various
government and other
issues,
and
although there has also been a larger demand than usual in
connection with the Stock Exchange settlement, the value of
day-todaymoney has only been \4. to
P^r cent, rising to
1 per cent at the outside on the Stock Exchange pay-dayThe rates for bankers' advances to stock brokers on securities
with a margin were about ]4 per cent higher, at \% to 2}4. per
cent for advances for a fortnight.
Messrs. Pixley & Abell write as follows on the state of the
%
bullion market
Gold— Thiro is a
fair demand for gold, but for the present there are no
lurtlier purchases for the Klver Plate. The Bank has sold during the
week £410,000. of whieh £100,000 was tor Baenos Ayres. The receipts
amount to £(>0,000. Arrivals have heen £7,000 from Chili; £30,000
from West ludies; £20,000 from India £40,000 from Central America;
£10,000 has been sent to Bombay.
total, £97,1100
SUver— The market has been very bare of silver since the arrivals by
:
[Vol, XLVIT,
larger business as to the 21st of July, the increase this year
compared with 1887 having been about 1^ per cent.
It was only natural to expect that the change in the Electric
Lighting Act would cause a development of electric lighting
business; but apparently some company promoters have been
quietly working in anticipation, for already two undertakings
are in the market. One of them will establish a centre for
private and general lighting in the richest part of London,
and the other, which has not yet offered its capital, will
shortly be in the market for a first instalment of half a
million sterling, to establish a centre^between Westminster
and Lincoln's Inn
The brewery fever
Fields.
among
force here,
the
is
still
in full
companies introduced being
latest
;
the West Indian and Chilian malls wore sold on Monday, and none caa
be obtained except at over the fixed price of 42d. Arrivals have been
£40,000 from Chili; £2.i,000 fiom New York; £7,000 from West
Indies total, £72,000. The Eohilla took £18,600 to Calcutta aad the
Coromandel £109,800 to Bombay.
Mexican Dollars have lately been nearly nominal; the nearest price
is 41%d. £11,120 has been sent to Chma.
;
The quotations
for bullion are reported as follows
SILVEB.
GOLD.
Ijtmdon Standard.
Sar
Bar
gold, Bae....oi.
gold, contaln'g
20dwt«
:
silver. .oz.
July
26.
July
».
d.
».
77
9
77
77 10
19.
London Standard.
July 26.
77 10)i
42
oz.
Bar silver
Bar silver, contain-
€.Am. doubloons.oz.
The Railway and Canal
Traffic Bill,
which
In
d.
42 1-10
42 7-18
42?^
45 6-16 455^
ing Ogrs. gold.oz.
Cake silver
oz.
Mexican dels. ...01.
-fipan.doublouna..oz.
19.
41«
41«
some respects
analogous to the United States Inter-State Commerce Act^
and has been under consideration in this country for some
years, has just passed the committee and had a third reading in
the House of Commons. The principal point of general interis
est in the bill
is
that
it
prohibits railroad companies from giv-
ing preference to foreign growers by carrying their produce
at lower rates than are charged for home commodities. An
illustration will best explain the reason for the measure. Kent
is the great hop-growing county of the United Kingdom,
and yet the freightage on foreign hops from Hamburg, sayj
to London, including all rail and water charges, is less than
that asked by the railways for carrying the same article
there from some places in Kent only thirty miles distant.
Points which may arise as to the clgssification of traffic,
schedules of rates, charges and undue preference, etc., will be
dealt with by a court of railway commissioners with extended
powers.
A court with restricted powers has already
been in existence for Some years, but it has not worked
satisfactorily, and now the powers are greatly enlarged
There will be two permanently appointed Commissioners and
three ex offlcio membtrs, the latter comprising in England
the Lord Chancellor, in Scotland the Lord President of the
Court of Sessions and in Ireland the Lord Chancellor of Ireland. Six months after the act comes into force producers,
manufacturers or other customers of the railways may go
before the Commissioners and lodge complaints but it is not
.generally anticipated that the act will materially affect railway interests for a year or two. The following clause, we
may add, is the gist of the whole bill
;
"Whenever it is shown that any railway company charges one
trader or class of traders, or the traders in any district, lower
tolls, rates or charges for the same or similar merchandise,
or
lower tolls, rates or charges for the same or similar services
than they charge to other traders or classes of traders, or to
the traders in another district, or make any difference in
treatment in respect of any such trader or class of traders, the
burden of proving that such lower charge or difference in
treatment does not amount to an undue preference shall lie on
the railway company."
Trade still continues to show improvement, this being evidenced by increased bank clearances, expansion of revenue
receipts, better railway traffic, so far as goods are
concerned
<though passengers have shown a falling off, in consequence
of the bad weather), and a hardening tendency of prices, there
having this week been an appreciably firmer tone in the iron
market. Another indication of better trade is that rates for
the conveyance of goods by both steamers and sailing vessels
are much belter than they were a year ago. For the
past
twelve months the increases in bankers' clearings on the
fourths of the month— that is, trade bills falling due on the
with three days grace added— have been not far short of
10 per cent over the clearings of the previous twelve month?,
and the Manchester bankers' clearing house also indicates a
Ist,
&
Son, through the Railway Share Trust Company, is in the
market here for an issue of £250,000 six per cent first mortgage debenture stock. The Car Trust Investment Co., with a
announces a first issue of £350,000 in
preference shares and £500,000 in ordinary shares, of which
only one-fourth will be called up. It proposes to invest in
United States car trusts, with Messrs. Dent, Palmer & Co. of
capital of £1,000,000,
,
a.
a.
m
July
Reid's brewery, with a capital of £1,400,000, besides £600,000
in debentures. The Philadelphia brewery of J. F. Betz
London, and Messrs. Post, Martin & Co., of New York, as
managers.
Both in this country and in Western Europe,throughout the
week, we have had a continuance of wet, stormy weather, buj;
with rather more sunshine than at any time, perhaps, for five
or six weeks previously. Mark Lane markets have been firm
and here and there prices have been advanced, wheat being
6d. to Is. per quarter dearer.
The following shows the imports of cereal produce into the
United Kingdom during the forty-seven weeks of the fteason,
compared with previous seasons:
IMTORTS.
1S84-5.
188.V6.
1887-8.
1886-7.
cwt. 44,6.58.511 47,0H5,887 45.044,304 51,703,023
9,51(1,269 15,643.751
17,937,967 15,202,688
16,275,568 12,436,404
9,63.',82l 11,653,635
1,88S,864
2,814,068
2,362,,;82
1,826,514
2,526,560
2,321.098
2,825,512
3,286,477
21,948,708 27,459,501 28,047, "44 25.019,903
16,234,276 1S1B0,190 12,996,600 15,110,637
Wheat
Barley
Oats
Peas
Beans
Indian corn
Flour
Supplies available for consumption (exclusive of stocks on
September
1):
1885-6.
1884-5.
45,044,304 51,703,023
12.996.601) 15.410,687
30,187,7-24 38,888,899 38,073,202
1886-7.
1887-8.
Iraportsofwheat.cwt. 44,658,511
16.2>4.276
Imports of Hour
Sales of home-grown. 36,251,222
47,665,887
15,460.190
93,313,801 96,929,803 105,186,912
1887-88.
1886-87.
1884-83.
1883 6.
week. 323. Od 3ls. 3d. 31s. 3d. 338. lid.
season. 308. 7d. 338. Id. 303. 9d. 338. 2d
97,144,009
Total
Aver, price wheat
Aver, price wheat
The following shows the (.uaiitities
afloat to the United Kingdom:
of wheat,
flour
and
maize
Thisireek.
Wheat
1,776,500
212,000
471,000
qrs.
Flour, eoual to qrs.
Maize
ars.
LnsttmeJc.
1,810,000
203,000
331.000
1887.
1,780,000
126,000
421,00J
1886.
1,798,000
146.000
379,000
Flnaaclal narltetB— Per Cable.
Bbk11«Ii
daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Aug. 10:
The
London.
Silver,
per oz
Consols, new
do for account
Fr'ch rentes (in Paris)
U. 8. 4i28 0f 1891
D. 8. 48 of
fr.
1907
Canadian Pacifle
Chie. Mil.
Erie
&
St.
common
Illinois
Mon.
Sat.
d.
2^4 percts.
Paul....
stock..
41I5i«
997,6
99^!
83-60
109%
ISOU
59 1»
74 14
2708
....
....
Wed.
41'5i„
99-10
997],
991-2
991a
9i<-„i
99 1-2
83 571* 83 -.^O
110
ISO's
59 "4
W
73 '8
28 '6
•
§
125
Central
55%
Pennsylvania
TllM.
411S,6
Si
Philadelphia &. Reading. 33
IO9I8
New York Central
•Ex-assessmeut.
t Ex-dividend.
12514
55'8
3358
110'4
Thurs.
Fri.
42
997,8
83 -62 1.2 83 6212 '83-85
110
108%
110
13014 130
130»a
59^8
59 14
60
75:'4
75=8
28^8
2612
125-H
1261-2
55 '^8
33 '8
55 'e
IIOI4
1101-2
311-2
75%
29%
112314
*25'a
110i«
National Banks.— The following national banks have been
organized since last advices
3,916— The Oaitland National B.ank, Hyde Park. 111. Capital, $50,000.
Horace I'. Taylor, IMesidoLt; John J. Kught, Ca-hicr.
3,917—The People's National Bank of Lecsburg, Va. C.ipital, SjijO.OOO.
:
•
.
I'resideiit
;
H. A. Tiionipson. Ca.shicr.
3,918-The Arlington National Bank. Ailington, Oregon. Capital,
Harvey C.
*50,000.
Nathan A. Cornish, Viee-lT^sidont
;
Condon, Cashier.
3,919— The Firtt National Bank of Union Citv, Tenn. Capital, $50,000.
T. J. Edwards, President; It. P. White-Hell, Cashier.
Imports and Exports for the Week. —The imports of last
week,compared with those of the preceding week, show a decrease in both dry goods and general merchandise. The
total imports were |S,164,06S against $9. 743, .588 the preceding week and |8, 305, .158 two weeks previous. Tlie exports
for the week ended Aug. 7 amounted to $5,317,083, against
1
.
Avowi
.
—
—
.
,
THE CHKONIOLE.
11, 1868.]
week and 46,880,265 two weeks previous. The
following are the imports at Now York for the week ending (for dry gocxls) Aug. 2 and for the week ending (for
also totals since the beginning
Steneral merchandise) Au<. 3
of the first week in January :
POKKKIN IMl-OBTS AT NBW TORK.
161
/— flVr.
Btng.
1888.
f5,279.445 last
Omns enniliiKS
d
—
y. r.
1887.
,
D.h.*
W.leasetl lines.-,
188'.
1887
$208,9.M
111,979
$l,8:<n,.13t
l.OIO.t'il
$1,620,633.
Oi>erutlugexi>en8CS.
$23U,Rie
113,321
Not earnings....
$123,205
$96,972
$780,870
$787,327
$780,870
651,240
»787,227
551,V49
833,40e
;
For Week.
taxes
Int.,
Dry Goods
*2,63.''.,253l
8.oyil,56«|
Q«n'l mor'dlse.
$2,0 7,069
6,329.342
$2,598,330
6,566,43"
$2,850,310
8,313,752
$9,017.01
$9,104,776
$8,164,068
$73,373,001
208,290,317
*7»,«39,149
206,039,310
B4.00l>
ToUl
1888.
1887.
1880.
1885.
Other income
Balance, surplus
$78,390
$102,017
>
Long Island.
.
Total
$7,734,822
Smre Jnn.
Dry <ioo4la
1.
$60,452,977
189,882,604
$58,611,820
167,010,284
Geu'l luor'dlae.
Total 31 weeks. $225.681,113 $25l',335,581 $281,663,318 $284,878,459
The following
is a statement of the exports (exclusive o(
from the port of Now York to foreign ports for the
week ending Aug. 7, 1888, and from January 1 to date:
EXPORTS FROM NBW TORK.
Bpecio)
1885.
1886.
Fertile week....
Prov. reported..
$.1,448,381
l«0,l3i!,857
178,928.980
Total 31 weeks.
fllOS. 585.238
.iiO.512,151
1887.
1888.
$5,586,588
175,755,950
$5,217,082
167,915,141
$185,441, 13ll$181,342,538
__^ $173,132,223
shows the exports and imports of specie
at the port of New York for the week emiing Aug. 4, and
since January 1, 1888, and for the corresponding periods in
1887 and 1888.
SXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
The following
table
Mtporl*.
/»ipor((.
Week
Week.
Since Jan.l.
$780 $6,329,338
France..... ..........
Si>iee
9
17,.500
1888.
1887.
$708,302
$228 112
$241,.595.
|474,658
164,390
160,384
Net earnings...
Other income
$320,545
$323,734
25,280
$03,752
$81,211
20,->04
TotaHiicome....
Fixed charges
$347,349
159,420
$349,014
197,804
$03,752
59,728
$81,211
Operating expenses.
402,iS2
553,804
H,625
1,150
557,120
30,104
207.744
191,515
$22,780 $18,619,230
31,874
6,(193.738
1,960 36,966,032
$41,233
134,601
25,223
$4,531,009
7,142,819
3,221,385
All other countries. .
Total 1888
Total 1887
Total 1886
2.658
4,500
Imports.
Exports.
Sitter.
since Jan. 1
Week.
Great Britain....
France
,.
$16:1,300
West Indies......
Mexico
Boulh America
5,800
AH
i',4»6
....
14,937
47;938
414,359
$180,496
88,127
107,347
$0,906,058
0,297.120
other countrios...
Since Jan.l
$
$14,031
111, "47
85.578
153,781
10,379
11,938
718,791
"sbo
1,150
"069
Total 1888
Total 1887
Total 1886
Week.
$5,944,584
2H7.659
22,^68
15^,550
7,092
$9,642
7,203
35.078
6.4()5.<)99
$1,142,895
i,3ai,192
i'73.050
m
Of the above imports lor the week
183S, !JU,y;o w> re
American gtld coin. Of the exports during the same time
$22,000 were American gold coin and |1,490 were American
silver coin
New York
Stock Exchange— New Securities Listed.— The
bem
following have
listed lecently
:
San Fr.vncisco— Kansas Midland.— |5C3,000
43, making to al listtd fl. 603,000.
Northern Pacific— $65,000 1st M. RR. and Land Grant 6s,
making totil htted 153.424.000.
Richmond <fe Danville.— $400,000 Consol. Mort. 5s, making
Lofis
K. M. 1st M.
St.
iS;
total ILsted, |1. 900,000.
Philadelphia
&
Readino.— $23,971,095
Ist
—A
&
the year ending June 30, 1888, have .just been received as
below (the figures published in the Chronicle last week being
partially estimated).
Gross pnrnlngs
Operating expenses
On August
Louisville
&
25, $34,702,000
common
Nashville —9,180 shares of
$884,709-
557,503
$277,146
Net earnings
Interest oharae
209,400^
Surplus
$07,050
T dedo Saginaw & Muskegon. The Grand Trunk Railway
stock,
&
Muskegon
alisorbed the Ttdedo S ginaw
RR., President Joseph Hick-^on of the former company hasissued a circular from h^s offics at Detroit, announcing the
officers of the T. S.
M., and htating thi-t tt.e henrlquarters of
the company will be at the depot of the Detroit Grand Haven
Milwaukee R 'ilway at Detroit.
of
Canada having
&
&
Western N. Y. Ik, Penr.- President Allen, of the Westertt
N. Y. & Penn. Road, has comp!eied negotiations with Philadelphia people for a 20- mile road to connect the Clermont end
of the McKeon & Buffalo branch of this road with Johnsonburg, on the Phila, & Erie. This movement is important, as
it gives the West. N. Y. & Pa. a short line direct to the soft
coal regions.
—
&
Trust Company, of D,?*
The New England Loan
Moines., la., and the New England Txust Company, of Kansas
City, Mo., are associate corporations making a business of
loans on Western farm property, Mr. D. O. E^hbauah bting
the Treasurer of each company, with oflices at 160 Broadway,
this city.
An interesting little pamphlet has bt-en issued by
them
entitled
"Twelve Years Experience
in
Western Mort*
gages," which gives a most excellent record of the result of'
twelve years in this business.
Holders of North Carolina State bonds, with endorsement
of pledge of ten years of stojk in North Carolina Railroad, are
notified by Mr. Simon Schafer, Trustee, to execute the trust
agreement not later than August 15.
—
—
A action Sales. The following were sold
Son
auction by Messrs. Adrian H. Muller
preference in-
comes; $16,160,233 2d preference incomes; $12,260,066 3d
preference incomes, and $6,031,301 3d prefereLce incomes
(convertible); $39.si24.500 voting trustee*' ctrtiflcates for
common stcck. ') h" following were ordered etricken from
the list: $10,000,000 P. & R. income 7s of 1896 trust receipt?,
4th Bssefsment paid; $670,500 P. & R. debet ture 63 of 1893;
$10,595,900 debeniuie 7s of 1893; $6,000,000 pref. Ist aeries 5}
of 1922; $.5,0t0.000 pref. 2d series 5s of 1933, and $1,20,800
preferred stock.
to be stricken < ff.
70,645-
$10,860
$4,021
Balanco
$177,922
meeting of the directors of
Portland & Ogdensltnri:.
the Maine Ceatrtl Ridro&d has been called for the 23d last
Ogdensbur,< will ba signed
when the lease of tiie Portland
and steps taken to procure the release by the Supreme Court
of Receiver Hendeison,
San Antonio & Aransas Pass.- The actual earnings for
$151,149
-
19,30('
22,6o6
$238,621
$235,978
S. I. Hopid Transit.—.
$892,072
571,527
Qrosseamings
$1,708
2,000,506
6,818,015
4,998,381
West Indies
BoutU America
Jan.l-
.
1887.
1888.
aoid.
Great Britain
$100,072
48,055
$123,295
44,9u9
& rental.
&
B
Sliares.
50 Niagara Insurance Co
20 Continental Ins. Co
12514
170
10 Continental Nat. Banlc...l24'4
O Mechanics' B'k of B'klyn 235
Ins Co 189
:
recen'ly
at
:
ndf.
$10,000 Chic. & Atlantic EK.
Co. 2d M. (;». 1923... 41%i
$1,000 Lehigh & llud. Kiver
RU.5's,lstM gold,1911 91
40 Greenwioa Fire
aad Iftaauctal.
^anfetttg
stock
CIT¥ OF COLVitlBUS, OHIO,
making
total hsted $31,518,000.
Minneapolis Sault Ste. Marie & Atlantic,— $1,000,000
10,
moriga)<e 5<, making total listed $10,000,000.
ViRfiiNiA Midland —66,000 general mortga(e 5s, making
total hsted $4,i61.i 00. The mortgage income 63 of 19^7 were
first
reduced to $191,000.
Railroads In New York State.—The following reports for
the quarter ending June 30 have been received by the State
Railroad Cummissiuners:
^llmlon a Aliany
Buff. Itoch. <t I'Uls.—^
,
1888.
Gross eanilncs
$2,l;i5,853
Operating c.ipensea. 1,552,272
Not earnings...
Other income
Total income...
Deuiict —
I'ltcrcst
Taxes
Ecntals,
&0
$551,534
387,250
$614,783
$82,138
$101,278
2,141
8,181
1888.
$611,783
$84,879
$172,459
$105,725
2,834
19,600
$102,301
9,159
39,221
$88,274
9,000
13,979
$188,039
$396,035 su. $426,72.
$150,683
dof. $65,801
$111,253
19,.50O
A.
30
YEAR
FOlia
P£R CENT BONDS.
ASSESSED TAt,UATION,
NET INDEBTEDNESS, •
POPCLATlO.y,
.
.
•
S3S,60-2,170
00
89,420 0»
.
1887.
$583,5sl
$187,.'il0
su.
$158,001
370,103
$165,725
2.321
Total
Balance
$583,581
.
1887.
$2,1-7.603
1,572,885
30
sur. $01,206.
THE ABOVE ARE A CONNECTICUT AND MA.S3ACH0BETr&
SAVINGS BANK SECURITY.
For farther parlloulors,
call
on or
address.
ORISWOL.D & GILIiETT,
3
AVALL STBEKT,
N.
V.
:
.
THE CHRONICLE.
162
[Vol.
XLVII
Posted rates are unchanged from a week ago, at 4 85i
86 and 4 88.
To-day the rates on actual business were as follows, viz. Bankers' 60 days' sterling, 4 85@4 85i; demand, 4 87i@4 87f.
Commercial bills were 4 83|@4 84.
Cables, 4 87f@4 88.
Continental bills were: Francs, 5 31|@5 22i and 5 30;
reichsmarks, 94f and 9.5i guilders, 40@40i and 40i@40f
The rates of leading bankers are as follows :
steady.
"ght '^mxktxs' ^KzttU.
VIVIDENDSi
@4
:
The following dlyidenda have recently been annonnoed
Sooles Vtosed,
WHen
Per
Same of Company.
{Days inclusivt.)
Cent. Payable.
;
Railroads.
2
Aug.
Eastern (Mass.) pref
3
North Carolina
3
Sept.
Sept.
1
1
1 Aug. 11 to Sept. 2
15 Aug. 12 to
1 Aug. 16 to
1 Aug. 11 to Aug. 31
Aug.
13
East. 111. pref. (quar.)
& Ind. Coal pref. (quar.).
Cleveland & Pitts, (quar.) guar...
Clilcago
Cliicago
&.
Delaware
& Bouud
Brook
1%
(quar.)
Insurance.
CatyFIre
Sept.
Sept.
Sept.
miscellaneous.
$2
Adams Express
Amernan Coal
3
Oregon Improvement pref
rennsi'lvanla Natural Gas (quar
)
31a
ll2
Sixty Dayt.
10.
Paris (francs)
Amsterdam
Aug. 12 to Sept. 3
Sept. 1 to Sept. 10
Aug. 21 to Aug. 31
Sept.
Sept.
Sept.
August
Prime bankers' sterling bills on Loudon.. 4 85i2®4 80
-,..-.
4 83%®4 84
Prime commercial
Documentary commercial.. -...--.
4 83i2«4 83%
On dem.
WAL.L. 8TKEET, FRIDAY, Angnst 10, 18SS-4 P. M.
The Money Market and Financial Situation.— In the
5 221-2
A 88
35 2178 5 20
40% a
(guilders)
Demand.
403in
95 19%
405,6^4038
Bremen
94 Tea 95
951439538
United States Bonds. Government bonds have been extremely dull at the Stock Exchange, no transactions whatever
being reported on most days. Prices have been steady and
unchanged. The Treasury purchases were also very limited
until Thursday, when over $1,000,000 of 4is were taken at
The amounts offered and purchased this week, and the
107i.
prices paid, were as follows:
Frankfort or
(relchmarks)
—
absence of any stirring events in iinancial circles, attention is
directed to the Stock Exchange, where the tone remains
strong and apparently healthy.
4 Per Cents due 1907.
Hi Per Cents due 1891.
Money is a trifle higher in London, and the Bank of England rate has be en raised this week to 3 per cent, in consequence
OferinQS. PurMe-i Prices paid.
Offerings.
Prices paid.
of the loss in specie which has been going on for several weeks Saturday ... t314,500 »
»259,«50
past.
It is not certain that this will affect the demand for our Monday.....
107-45
ai,ooo
1,000
2.850
127«
railroad securities in London, but during the autumn months
Tuesday.... 1,816,000
423,000
Wedn'sday.
dearer money should be expected both there and here.
257,700
107)i
187X
In the stock market pnces remain strong as a rule, while Thursday... 1,S42,400 1,085,000
276.000
Friday
28,000
With those who
several stocks have scored further advances.
1964,200:
$1,800
Total.
.. |3.1'<9,liOO'|l,026,000 107-i5-107>^
187«
feel confident of a coming "boom," prices, of course, appear
SinoeApr.lfl
10,183.300
loej^-ios
124-70-188
118,748,050
to be much too low, while with those who are inclined to conThe closing prices at the N. Y. Board have been as folio wa:
servatism the main question is whether the general advance
already obtained is sufficient to represent the actual values of
Interest Aug.
Aug. Aug. Aug. Aug. Aug.
the several stocks, on their dividend-paying prospects. Is New
Periods
4.
6.
7.
8.
9.
10.
York Central at 108 as high as it should be; Lake Shore at
•10038*10638 •10838 •10638 •10638 •10638
Q.-Mar.
reg.
4>as,1891
97; Michigan Central at 88; Lackawanna at 138; Delaware l^ss, 1891
coup. C .-Mar. 107ia;n07>'i •IO712 *107'2 •IO718 'lOl^a
& Hudson at 118; Jersey Central at 88; St. Paul at 73; 4b,
1907
reg. ( .-Jan. 'l'.:738:»12738;*127-38i*12738 •12738 •12738
coup. C .-Jan. 12738 •12738 *12738>12738 •12738 •12738
Northwest at 114; Rock Island at 109; Missouri Pacific at 83; 4a, 1907
•120 •120 •120 -120
reg. J. & J. •120 1*120
68, cur'oy,'95
Atchison at 90? These are standard railroad stocks of different 68, our'cy,'96
reg. J. & J. '122i3'*122>3 '12214 'I2213 •122'3 •1221a
groups, which are affected by general influences touching stock 6s, our'cy,'97....reg. J. & J. '123 •123 •125 •125 •125 '125
reg. J. & J. *127Sl*1273t "127341*12734 •127% •127%
values, and are not moved now by special negotiations pending 6b, our'oy,'98
reg. J. & J. •ISO's (•ISO's ISO's 'ISO's •ISO's '1301«
68, oiu-'cy,'99
or concluded, as are Western Union, East Tennessee, Richmond
* This is the price bid at the morning board
no sale was made.
Terminal, &c., &c.
State ami Railroad Bonds. State bonds have been someThere is little doubt that among some people a caution has
been engendered by the very large borrowing in the country what more active the past week than of late, though the busiduring the past two years, and this caution has been acting as ness has been scattered, and none have shown any special acstill
.
.
;
—
a check to buoyancy and activity in the stock market for
more than a year past. This borrowing has been heaviest for
new railroa(iB, but next to that came the large demand on
Western farm mortgages and Western town and city lots, and
then also a considerable demand for the development of iron
and
coal properties,
and
for buildings in
New York
and other
This caution may be misplaced or unreasonably exaggerated, but it is mentioned here as one of the elements
•which, in taking a long view of the stock situation, seems to
work against a thoroughly buoyant and active movement in the
market.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 1^ per cent.
Prime commercial paper is quoted at 4@4i per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £503,000, and the percentage of reserve
to liabilities was 39 '20, against 39-78 last week; the discount
rate was advanced from 2 J to 3 per cent.
The Bank of France
lost 1,375,000 francs in gold and gained 2,100,000 francs
in
cities.
silver.
'
The New York Clearing House banks
in their statement of
a decrease in surplus reserve of $365 800
the total surplus being $26,750,375, against
$27,116,175 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
Aug. 4 showed
•
1888.
Augxut
Capital
Surplus
Diffr'ne's fr'm
4.
Prev. Week.
1887.
August
1886.
6.
Atigust
7
60,762,700
49.6«6,600
liOKUs and dlsc'ts. 381.703.600 Inc .2,215,000 356,137,500
,358,1(59.000
Bpecle
S10,.587,300 Oec. 525,900 73,973,600]
65,084,000
droulatlon
",644,000 Inc.
78,800
8,091,700
8,016.700
Net deposits
414.320,5u0 luo .1,410,800 35!(,22;.400 376,806,200
I*gal tenders
39.743,200, !nc. 612,800 22,754.300 37,764,800
liegal reserve..... 103,580.125 Inc. 332,7nO
89,809,350 94,201,5.50
Reserve held
130,330,500 pec.
13,100 96,727,900 102,!i43,800
BnrploB reserve.
26,750.3751 Dec.
Ixchange.— The
305.800
6,922,5501
8,647,250
exchange market continues verv
dull, anci there has been nothing
to stimulate the demand"
He
purchases
1
of stocks for foreign account, which have
been
considerable, tailed to have any appreciable effect
on rates, as
money in the open n arket of London has been advancing
and
tne Bank rate has also been raised to
3 per cent.
This has
kept short sterUng firm and the rates for long
have also been
sterling
tivity.
In the early part of the week the railroad bond market was
and featureless, though prices remained steady as a rule,
and in a few cases improved a little. Later on a much better
tone was apparent, both as to activity and strength, and the
market improved more or less under the stimulus of a sharp
advance and considerable activity in a few specialties, chief
among which were Atlantic & Pacific Incomes and Texas & Pacific
5s and Incomes.
A few others were somewhat conspicuous for
strength, though not specially active, including Missouri
Kan. & Tex. 5s, Os and 78, Erie 2ds, Ft. Worth &.Denv. Ists, &c.
dull
—
Railroad and Miscellaneous Stocks. The bullish sentiment on the Stock Exchange continued this week and prices
made further upward progress. As usual of late, the improvement has been on a moderate business, and it cannot be sedd
that there is a wide general interest in the market, though the
outside purchases are much more numerous than they were
An important feature has been the support still
prior to July.
given to our market by foreign buying. This has been an element of strength for the past year or more, and at the lower
range of prices which prevailed the London and Continental
markets took a large amount of American stocks. There
have been reports this week of damage to wheat in the
West, but they have had little effect, as they are suspected of being in the interest of the bull element in
wheat; and even granting that local injuries in different spots
have caused the loss of a few million bushels of wheat, this
could have little significance so far as to affect railroad
earnings throughout the country.
The coal stocks have been prominent, with Jersey Central
in the lead, which has advanced under large purchases, said to
be in the Reading interest, and apparently looking toward a
control of the company.
Reading and Lackawanna have been
active and advancing, partly owing to the Jersey Central move
and partly to the fact that an advance in coal is threatened next
month. The Gould stocks have been prominent, especially
Missouri Pacific and Texas Pacific.
Western Union has been
pushed upward on the strength of the cable settlement. The
Vanderbilts have still been strong, notwithstanding the unfavorable report of the Central & Hudson for the nine months
ended June 30, 1888.
C. C. C. & I. advanced from 54J on
Saturday last to 59 on Wednesday, from which point there
was a slight reaction. Among the specialties, Wheeling &
Lake Erie preferred has been active, though not much
higher.
Pullman Palace Car has been very strong and advanced to 169i. New England has been neglected and shows
little or no improvement for the week.
...
AuoosT
THE
11, 1888.]
810CKS— PBICEU AT
Active Kit. Stocks.
Atlaiitio\'
Canatlian
Canuda
Sniillieni
Central (if Now Jersey
Central raolllo.
and lowest
CbtoaKO MUwaukee & St Paul.
preC.
& NortUwestom
prof.
Chloaeo Rock Island & Pacltio.
Cliioaico St. Louis & PltUbura.
Do
Do
prer.
<t
Oiu. .
A Ga. R'y.
A
Bloom.
heikei
Shore
il:
10:it'
(>9
253tl
95%
•40
90
85
•55
•90
West
pref
Do
Ml8.TOurl
95i!i|
9414
60% 61
MioliiK'an Central
St.
27'a:
ll>a'
2C>8
It's
•Ola
Louts
pref
Kansas&Texas
42
90 14
85%
57
95
71a
15
15
14''8
14^8
78% 79 18
Misaonri Pacltio
•11
12
MobUe& Ohio
Nashv.Clmttanooga & St. Louis 8314 8314
New York Central Hudson. 107 107
16% 16%
Hew York Chic. & St. Louis.
Do
Ist prof. •09
701a
30
Do
2d pref.. •35
Kew York Lake Erie & VVest'u 26% 27
Do
pref.
44 14
Hew York & New England
44
•16
Hew York Ontario & "\Vest
16ifl
•8%
New York Susq. & Western ...
9
•3414 31%
Do
pref.
Norfolk A; Western
•ISia 19
Do
pref
50% 50%
Northern Pacitto
25% 25%
Do
prof
56% 56''3
*23i8 21
Ohio & MUslsslppl
Oregon & Transcontinental..
25% 2578
21%'
Peoria Deeatur & Evans ville.
21
Philatlelpbia & Reading
O414 O4I3I
BlohmnudiWeatP'tTerminal' 24% 24%
<fe
.
!
I
80
20'3'
95ifl
*93
61
•40
I
'
9.i'4
94 la
61%
85% 86
•55
90
6 "4
•15
14%
79
11
83
57
90
7%
15
8OI4
I
'
pref
59%
84
lOG's 107 14
161a lO^a
70
71%
36
30ifl
27 19 27%
Gas Co
Delaware & Hudson Canal
Oregon ImprovemcntCo
Consolidaie<l
Do
62 13
Oregon Railway
31% 31%
19 il 19 14
50% 51
26
20%
57
57%
23% 23%
25^8 20%
21% 21%
04% 65I2
601a
1373
251a
531a
14
261a
36%
70
361a
*75ia
76
76
5913
67% 68%
•147
i*108
DnltedStates
Wells, Fargo A Co
1
Do
I
Bt
Bt.
Do.
I^ui.i Alt.
3-S
Louis .\rk.
& Baltimore.
1338
*10% 12
"Ilia
12%
137
1
•12'a
30
& Te-xas
;
351a
35%
4113 42
109 110
58 14 ."'O
26% 27
23
25
91
96%
61%
•40
92%
•94
88
56
37
27% 28
63%
44% 44%
10% 16%
0278
32I4
•19
62%
42
93
88%
56
•7%
8
•15% 16
3014
914
97 14
95
•90
7214
9%
9%
a%
1914,
'106
•93
108
94
38%
38
•88
90
32%'
1,050,
21,638
15
83%
12
83%
108 14
17%
•71% 72%
36% 37%
2778 28%
6314
6331
113
52,805'
7441
115
9%
9%
3,
10%
4,019
82% 83%
11% 11%
1011 14
30,315: 67%Junel2| 89% Jan.
706'
6% Mar. 29 13% Jan.
l,080l 71
Apr. 2 85 July
7,725 102% Apr. 2 108'4Aug.
3,950' 1234MTir. 31! 1734Jau.
1,«55 61% July 6 73 Jan.
•S3
85
10773 108
17% 17%
72% 72%
37
37%
28
28%
63% 64
43% 44%
Mar. 31 37% Aug.
Mar. 9 29% Jan.
June 13 65% Jan.
37,2601 29% Mar. 22 46
Apr.
1678
261 14 June 13 18% Jan.
9%
2,035
65,815
28
22%
l,900i .52%
9%
7%Mar.
28l
20 Apr.
220 15% Mar.
241
2;
3,5C0i
4,4051 1973 Apr. 3
23,600| 42% Mar. 31
27i4July24
58
94
3714 33 14
94
94
37
!
7
31
7
H
10
3
23
25
5
30
19
4
Mar. 29 105 Jan. 28
94 Apr. 2 114% Jan. 23
IS'aJune Oj 26 Aug. 8
22 July 7! 23% Aug. 3
48 Apr. 21 01% Aug. 10
12 Mar. 27 16 Jan. 3
21 Mar. 24 30 May 1
44% Jan. 3 60% Aug. 7
2501 89
2,725
40,653
1,2401
67,030|
1,410]
10.3701
17,755|
3,300 30%
2,410 68%
9,593 103
1,078, 45
3878 Feb. 17
78 Jan. 18
Apr.
Mar.
11?
Jan.
Mar. 29! 6978
2 107%
1,142 8414 Apr. 2' 97
11,059 23% Apr. 2) 38%
75 July 9ll06%
8,902,13514 Apr. 3169%
78,876 70% Apr. 2 84
94
37%
•90
Aug.
17% Mar. 27 25 Jan.
17i4Apr. 2 26% May
15% Apr. 2| 23 Jan.
189,120| 51% Apr. 2I 68% Aug.
Apr. 21 26% May
13,535i 19
1,3381 55
Jan. O; 74% July
82%Feb. 13 91%July
Mar. 27, 36% Jan.
770; 24
3,805 63 Apr. 2l 73% Jan.
200 105% Apr. 3 lie7a July
1,099 43 Mar. 29i 04% Aug.
3,010
10,300
4.750
150 101i4JiUy
38 14
63
3
27
30
3
27
27
9
9
10
30
9
10
30
30
9% Aug.
33% Jan.
19% Apr.
41%Mar.31 5l%July31
3,015
11,000
108
94
Jan. 10
89,230, 01
8,374' 98%
105% 107 '4 107%169i4 168% 169% 167% 168%
8214 8278
32% 8379 83
84
83
83%
82%
7% Apr.
55% June 111 r,2'4Jan. 3
45% Apr. 2 56% Jan. »
73% Apr. 2, 837^ Aug. 10
26% Mar. 2(1 37% July 30
Juno 12 130% Jan. 27
June 12 78 Feb. 24
Juno 12 117 Apr. 27
114 115
22,213 102% Apr. 2 115 Aug. 10
•143% 145
127 138 Apr. 3 145% Fob. 1
108% 108% 2,053 100% July 5 114% Jan. 27
•12
368 ll%Juiy23 14%Jan.lO
13%
•34% 36
1,000 29% Mar. 31' 38% Jan. 8
41
41% 15,05r. 32% Apr. 2 42 Apr. 30
1,310 100 Juno 13 110% May 1
103% 109
58
7,995 42% Apr. 2; ,59 Aug. 8
58
26% 26% 1,940 17 .Mar. 21 27 Aug. 9
136% 138% 108,525,123% Apr. 3 138% .\.ug. 10
18% 18%
295; 15
July 2, 23 Jan. 6
51% 51% 1,431, 44 Mar. 24 55 Jan. 28
10% 10%
705,
8% Mar. 22, 11 July 23
'70
(1
1,248 .55
Miir. 22; 71% July 24
23
2,450' 17i4Apr. 2l 20% July 24
23
•88
91
Miir. 22, 89
600| 84
Aug. 7
*21
125' 21% July 21 40% Jan.
3
11% 11% 2,100; 7% Mar. 20 12 July 25
123 123 14
5I81II4 Mar. 5 123% Aug. 8
•14
15
800
9% Mar. 23 14% Aug. 9
•33
334 2779 Jan. 16 37% May 1
34%
3,68I.>1 12% Mar. 22
1678 17 14
17%. Vug. 9
-~- Aug. 10
5014 5078 14,900; 4OI4 Apr. 2 .5078
90% 9714 51.312' 83i4Apr. 2 971-2 Aug. 8
•94
372' 87% Apr. 2 95
95
June 25
61% 62% 17,070, 50% Apr. 2 64i4Jan. 9
41%!
41
100; 30
Apr. is! 413i;Aug. 10
91% 92141 5,421i 77%Junel2, 98 Apr. 27
8779 88% 15,3811 72
Apr. 2\ 88% Aug. 9
•55
lOOi 48% June 18 80 Jan. 10
58
•90
100 83 Mar. 27 104% Jan. 5
•6% 8
2851
379 Mar. 28l
973 Apr. 30
•15
IT
3OO1
9% July 6; ISHApr. 30
14% 1473 5.100; 10 June 11! 18% Jan. 5
43% 44%
16% •16%
*16i4
Blghest.
Ix>we*t.
1,045
58
58
54% 65
80% 8878
I
1.50
108% 109
'137
79
79
70
136
150 150
149
10^1410314 109
130
151
75% 75% 75
76 '4
130
141
145
152
150
109 14 108
150
1
Aug. 10
Aug. 2
Aug. 8
May 2
May 1
Feb. 15
Aug.
Aug.
9
130 137 Apr. 12 150 Aug. 1
09 106% Mar. 22 IIOI4 Apr. 28
Jan. 41 77 14 July 30
128 Jan. 19 143 June 23
10
70% 76%
135
70
144
•137
143
80
80
82
13
13
•80
13
418; 67
•13
79 14
•13
13%
514
79% 80
13
13%
79%
13%
im
I
986 70
765; 11
11%' 1114 11%
11% •10% 11%
•12
12%' -12
12% •Il
12% •11%
137 137 134 137
131 137
131 137
•40
•40% 41
40% 4II4 41
41 14! 4II4 4114
41
92
92
92
92% 92% 92% 92 14 92 %{ 92% 92%
•2I3
•2% 3% *2% 3% •2% 3
•2% 3%
31a
•4 la
•4% 514
•4% 514
514
5
5
5
5
17 14
16
17
17
17
17i«
•17%
17
17% 18
18% 19
19%
18%| 18
50
.•^O
51
51%
230 230
230 230% 230 231
'230
...
13I3
•12
12% 12% -12% 13% •13
14
12% 12%
30
30
29% 29% •2314 30
30
31% 31
31%
IOI2 III3 •10% ll>.i -IO14 11% •IOI4 11
•1014 11
•39% 40% •39% 40% '39% 40% •39
40% •39% 40%
•42
4"
41% 40
43
43
47
40% 40% 47
'11
•11
12
11% 11%
12
11% 11%
•26
'20
•20
27
27
20% 26% •20
27
27
•2414 25
211* 24%
23% 25
2414 24%
24
24%
•31
33
33
33
33
33
35% •30
33
28 14 28% •28
29
28% 28% 28 14 28% •23 14 29
•11
•11
12%' •12
III3
•lOia
-391a
.
13ia
30
III4
iO^
^41% 44ia
20
'SI
28ia
27
28i8
500 10% Aug.
38%
8J%
37 14 3314
84 14 86%
I
37% 38%
85% 88%
3779 38
87
These are the prices bid and asked; no sale was made at the Board.
89%
;
37
38
86% 88%
37%
86% 87%
Aug.
2
150
1
5
;
>
13,067' 25
307g
//6u.f«yi
Prices from both ExobangeS.
Mar. 21
71% June
'7
8
31
24
25
10
30
26
4% Jan. 9
6% Feb. 24
7
June 5
414 Juno
1.000 10% .Mar. 23 17i4Aug.
1,477 16 Apr. 26: 19% Aug.
1,200 47 July 27 57 Feb.
149 215 Jan. 4 231 Aug.
210 10 Mar. 22 13 Apr.
3,173 13% Mar. 20 31% Aug
9 Mar. 19 13% Jan.
100 33 Mar. 31 41 July
700 35 Mar. 27 47 Aug.
200 10% July 6 167a Jan.
100 19 June 4 27% Aug.
2,030 17 Mar. 22 30 Jan.
92 27 Jan. 11 33 Aug.
1,000 24% Apr. 2 32% Jan.
(tjnl tsted.)
3S'i
8314
80
Jan. 12
JiUy 17
13% July
11% July
10 July 20 12% July
""10 135 Jan. 9 140% Feb.
800! 40 Mar. 19 43% Jan.
3,205 89% Mar. 2 94% Jan.
13 14
1
ATerre Haute
Amor. Cotton Oil Trust
Pipe Line Ci^rtllleates
3 la
Iflia
•230
pref.
Various Stocks, *c.
'2 la
I513
4%
pref.
Tennessee CoaKk Iron
87
32%'
I
Soiith.m I'acilic Co
Columbus i Hooking Coal
Ontario Silver Mining
*
13%
*134
Meniphia & Charleston
N. Y. .New Haveu & Hart
Ohio Southern
Oregon short Line
Quicksilver Mining Co
,
142
East. Illinois
pref
Do
9'4|
110
76
142
75
70
,
O., reorg.oert.
prof, reorg. cert
pref. reorg. cert.'
Olnciunati Wash.
I6J4
72
Shares.
1888.
I
Denver & Rio Grande West..
Marquette Hough. & Onton
„^
'147
>108
151
110
& Cable Co
CJmoago& Alton
_,
'7413
•136
Inactive Stocks.
A
I
1,
i
American
Chicago
81
96% 97%
95
01% 6214
41
41
!U% 92%
Aug. 10.
32% 3278 32% 33%
19% '18% 19
5II4
50% 51
51
50% 51% 50% 50%
2OI4
2573 26%
26% 26%! 20
25% 26
5078 57^,
5773
57% 58
57
57% 57%
2373 2373
23% 23% 23% 24
24
24
26% 26% 25% 2014 25% 26% 23% 2378
23
21% 2214 22
22% 2278 22% 22%
05% 66% 057^ 6078 66% 6714 6078 03%
25
23% 247a 25 14 24% 25
24
247a
73 14 73% 73% 73% 72% 72%
7314 7314
•90
•90
•90
-91
93
91
93
93
33% 33% 33% 33% 32% 33% •32
32%
73
7314
72% 73
72
73% 72 14 73
•113
113 113 •112% 114
114% 114 114
63 .\
64% 64% 03% 037a 63
03% 04
10278 102'8 •101
102 102
103
101% 103%
106% 10078 10014 106% 106% 100% 100 '4 100%
24
25% 23 14 26
25% 20
23% 25%
2478 25 14
25% 25% 25
25 14
25% 25
60% 00% OOI4 6II4 00% 6114 60% 61%
14 14
14 14 14 14 •14
III4 14%
I414 I414
20% 20% 20 14 26% 26I4 26% 26% 27%
59
59% 59 14 59% 58% 59%
60% 59
36% 30% 30% 3678 37
37% •37
37%
76
76
70
76
76% 77% 77% 77%
11579116
115% 110
116 116% IIOI4II8
08% 08% '07% 68% 68% 68%
94
I
Expreas Stocks.
Adams
27% 28%
62% 6278'
1071a 1071a 100
80% 81
72
30%!
IOI4
914
3178
I914
I
1
I1418 11434
144 144
109'al09i4
13
13
•88
•94
Week,
73% 7378
111% 11178
74
73
I
72
36
ll.-,ia
Ufa 112
14%
31%
11% 11% •11%
8414 84%; 8378 84
83%
107% 108 14 107%
107% 108
10% 17
10% 17
17
9
'93
&. Nav. Co ...
94
93% 94
37I0 37%
38I4 38%
PacllleMaii
PhiladolphiaCo., Nat. Gas....'l ^87
87 89
90
Pullman Palace Car Co
'163ia 164ia 164
I6514
Western Union Telegraph
251a!
90
8578 87141 37
88
•55
55 57
57
•90
•90
94
94
*G
0% 7
7
•14
16
10
17
14% 15% 15
15%
80% 82%
80% 81
9
59%
O8I9
25
42
44 14 447^
14
27
108
85 «8 87 Mil
III4 11%
11% 11%
123% 123% 123% 123%
13% 13% 14
14%
34% •33
31%
341a '33
16%! 16% 16% 10% 17%
49I3I 4378 49%
49% 50%
161a
5979
6779
I
1888.
Bange Binoa Jan.
Friday,
-33% 36 14! •35% 36
11519
11
45
114% 116
;
0%'
58%1
551a'
9»8
123
14
I6I3
*13ia
^25
58I4
pref. *100
58
541a
1361a 13739
19
19
51 14
50
IOI4 10%
•lOia 10%
•70
7118
701a 70^j
"88
62
44
72
93
33
& Lake Eric, prof..
58%
inisceflaneona Stocks.
Colorado Coal & Iron
*35% 37
Wheeling
,
Thursday,
Aug, U.
10% 10%
11
(
Onion Pacltio
Wabash St. L.& Pacific
Do l.st
Do 2d
89
26
90% 91%
1
American Tel.
Chesapeake*;
Z.')'-
86
26
*40
42
901a
1
'-Do
25ii3
96% 97%
94% 94%
61% 62%
go'a
""
2478 25
721a 73
'90
32^8 3278
I>o
7214 7214 •7-.i% 7278
prof.
Do
112 II413
114
Ist pref., '112
Bt Paul & Dnlutb
04% 04% '6414 65
Do
*103 105
pref
1021a 104
Bt Paul Mlnnoap.& Manitoba 100 106
lOOia 100%
Texas & Pacillo
^23% 24
24
24%
24 25
Texas & Pacific Land Trust
Do
72
pref
Borne Watertown&Ogdenab'g •OO
*32
et Louis & San Francisco
•
1059 10=8
70=8 71
[
Chicago...
iSc
538
lO'^
I
lonis.
Minneapolis
10=8
G9'a
2538
11=8
11
12313*122 I2313 123
14
13>a 131a •13
*33
35
34
*l(ii4 IGia'
1«'4 IGk' I6I3
•48I4 48^1
48I4 48%! 4334
Manhattan Kievatod^ oonsoL.
Jc
6i)>3
I
•13
•93
Do
!
69
Ix)nK Isiauil
liouisvllle
Nashville
KiL Lake Shore
9<<8
57H
54>B 5514
'
•25
•lOis
prof
Mlob. Southern.
it
014
.'J714
122
West
&
Now Alb.
35 Hi
•85
Klnt^tou& Peinljroke
Lake Krie .& Western
Do
9>4
5713
5519
H.-iia lin«a
•IOI4
l8t pref
2ilpref..
Evansvillo ife Terro Haute
Fort Wiirlli & Denver City
Green Bay Winona & St. Paul.
Illinois Central
Inil.
•8T8
87V|
54*4
I
prof.
Do
Do
57>a
54i8l
5m
Ooluml«u8 Hocklni; Val. ATol.
I>elaware Lackawanna ife West
Denver i Uio G., assessm't pd.
East Tennessee Va,
9
S?"*
SS'a
SSTg
:
SalM
1,
or the
•
prof.
Clevelanil CoLCIni* Indlanap.
Do
C.
AND SINCE JAN.
lO,
frioeb.
We<lDe8day,
Aug. 8.
]
I
OlilcaKO
OUoaKo St. Paul Mln.
Do
Tuesday.
Aug. 7.
85 14
SI
83% 84% 84
36
35 V, 35 1* 351a 351a' 36
llSOgUr)?! I151.JIIO
1151a 115>a
74I9
ig
7313
74
73%
>4
72
72
72
731a
"s'
110i|»110.li' 111
HI"* IIII4H2
Ill's Ill's
113 H3»B I134ll3'a 11378 1 14 14 Il3''8ll4%
'I4313I44 'X 131a 144
1131a 114 1*113 •alii
10918109%
109 10,)
ios'4ios% los-aioa
•12
•12
12
13
13
I2"a 12''8
121a
•33
'33
35
34
35
34
35
341a
39''8 403a
41 >a 42
40% 42
11014
108^ lOS^i 109 110
56I3 59
54 '9
54 Hi 55
55>s 56%
26 19 26%
26
25 "4 25 >4 25!(| 25% 26
135>9l35'4l 13538 137% 1361a 137 14 136 137
•18
•18^8
18
20
20
18
19
19
•48
50
50
50
49
49
491a 49%
•35
A. Qiilnojr.
Do
Auk.
1.
•STg
9>4
•97
58
63%
S3>a
I'lirlilo
Tai-itU'
OtalcuKu lliirlliiKton
Monday,
Bntorday.
Aug.
168
STOCK EXCHANGE FOK WEEK ENDING AUG.
N.T.
HioBBerr
erocKB.
HRONICLE
(
40
100
10
23
8
20
9
13
17
10
16
1
9
1
30
July S4
Mar, tt
.
.
IHE CHRONICLE.
164
ONDS-LATEST PRICES OF ACTIYE BONDS AT
Jtange
OU)$ing.
Sailroad Bonds.
Aug.lO Aug. 3
titice
iMwaL
N. T.
Jan.
[Vol. XLVII.
STOCK EXCHANGE. AND KAXGE SINCE JAN.
Closing.
1.
Railroad Bondt.
Axtg.XO Aug. 3
HighetU
1,
1888
Range sttice Jan.
Lowest.
1,
Highest.
119
118 June 121% Apr.
Mil. Lk.Bh. A W.— l8t,6s, 1921. 119
19 Apr.
271s Jan.
1131a Mar 11738 Jan.
Atl. * PM.-W. D.
AshlandDlv.- l8t,68, 1925...
84 May
Slisb' 80
81=9
Jan.
lOSisb.
108%
l»'5ia Jau. 111
Mar.
Guar., 48, 1937
1910..
68.
M.
U,
i-Vobs
107 b, 105 Mar. 108% June Milw. & Nor.—
19oa 107
107 b. 106 b. 104% Jan. 108 19 Feb.
Can. South.— let guar., 5b,
Extension, Ist, 6s, 1913
96 Aupr.
>4 Mar.
955Wb.
89
b.
»5
96
b.
91
June
110
Jan.
2d, 58, 1913
1927....
L.—
let,
76,
Minn. & St.
v;-ViQn"' 104 14 103'eb. 104 Aug. 1081s Jan.
51 b. 5<i7e May
59 Feb.
Central ol N. J.-l8t,7B,1890.. 118%b 118>sb. Ill's Jan. 120 June
Imp. & Equip.— 6b, 1922
67%"
60%
7314
Jnue
Jan.
ConBOl.78, 1899
68,1920...
571a
Con.,
Mo. K.&Tex.—
122 b, 122 b. 115 Jan. 1231a Apr.
61 "ab. 61
50 13 .Mar. 6314 Jan.
Convert. 78, 1902......
Consol., 58, 1920
102 Feb. 10513 June
96I4
97
b.
90
Mar.
Jan.
Conveit. deb. 6», 1908..
1904-5-6
1061a
Consol., 78,
105
ioi^e" 98 Jan. ll!63e June
General niort., 5b, 1987.. ..- 116
1127eb. 1081a Jan. 116
Jan.
Mobile A Ohio— New, 6», 1927 ..
115 b 112»sArr. 116 Aug.
1909.a* nt
10413
JiilF
IO519
Jan.
1.611. & W.B.,con.7B,
1927
Ist, Extension, 68,
107 a. 101 Is Jan. 109 June
107
51 'sb. 43 Mar.
62 Aug-.
Am. Dock & lUiP-. 5». IJjl.
7s
debentures,
pref.
June
Ist
II6I2
b.
114''8b.
115
11319
Jan.
97I9
84I3
97%
Jan.
99
Central Paciflc— gold 68. 1='"'
July
1911
f.,
6s,
Tele.—
8.
Mutual On.
115%b. 116 b. 113i« Apr. II6I4 July
Ban Joaquin Br. 6b. 1900....
Nash. Ch. & St. L.— let, 7b, 1913 129 b 12i>isb. 128% Jan. 132 JimO'
10238b. 100
Apr. 103% Jan.
Tgb
1105
IO6I4
103
land Kraut (is. 1890
May.
Mar.
1893
Extend.,
5s,
N.Y. Central—
101%b. lOl'eb. 101 >3 Apr. 104»8 Mar.
134 b, 132% Jan. 136% Jane.
Mort. 68, 1936..........---,N.Y.C.&H.— 1st, op., 78, 1903
98 Ill b. 110 b. 105>4 Feb. 114i4Feb.
llliab.!lll%
lo-iia
Chee. A O.-Pur. m. tund 68, ofl
Apr.
112
Jnly
1904
Debenture,
58,
7058 Feb.
62>4 Mar.
131 b 1271a May 133 Jan.
6s, gold, ser. B.1908, coup,
N.Y.&Har.— 1st, 7s, 1900
62 Apr.
701a Feb.
86I4 Jan.
Exten. coup., 48, 1986
9258
93 July
23S8b. 1658 Apr.
N.Y.Chlo.&St.L.— l6t, 4s, 1937.. 9234
28 Feb.
1918
6«, currency,
115
114 Mar. II8I2 JuneN.Y.Elevated—
1st, 78, 1906.... 115
IO8I4
Auff.
110
110
Jan.
00>a
........."
Mort. 6b. 1911
13114b.
131
b.
133
127
Jan.
June.
1921.
Y.
W.—
Ist,
68,
N.
Lack. &
107 b. 10314 Mar. llOiaJuly
Ches. O. & 80. W.-5-6B, 1911
109 b. lOSiab 10773 Jan. 112 July
Construction, 5s, 1923
Jan.
99''ea,
Apr. 103
98
Ohlc.Bur. & Nor.-l8t,5B, 1926 131Jsb.ll30>3b. I29I2
Iu7
b.
106
b
108
10238
Jan.
May
1927
N.
Nor.-lst,
58,
Y. &
Jan. 134 June
Chlo. Burl. & Q.— Con. 76, 1903 lOG b- 106 b.
N. Y. Ont. & W.— Ist. 6s. 1914.. 114 b. 112 b 109 Jau. 115 July
104 May 1071a Feb.
Debenture 5b, 1913
9478
9473
90
Mar.
Aug.
1937.
lstref.,58,
N.Y.Sue.&W.—
91 Mar. 95 Jan.
Denver DiTlP., 48,1922... ... 117 b.
Midland of N. J.— Ist, 68. 1910 113 b. 11358b. 109 Apr. 114=8 Julr
113 Jan. 117% Aug.
1171s
Chlo. & EaBt. ni.-Con. 68, 1934
75 Mar. 83% Apr.
N. O. Paciflc— l8t, 6s, 1920
b. 99
1 00
Apr. 100>« May
98
36
let,
58,
R..
Coal
Ind.
&
Chic.
1121a Jan. 12014 July
Norfolk
West. - Gen., 68. 1931 12014b. 12014
Apr.
b. 114 b. 1141a Jan. 119
Ch.Mil.&8t.P-l8t,I.&M.78,'97U4
11034
'21
11634b.
11513
Jan. I1913 JuneI25I4
North. PaclHo—lst.ooup., 68,
il24iab.
12313 Jan. 128 May
ConBOl.78, 1905
111
109 lab 102 Jan. Ill Auc.
Gen'I, 2d, coup.. 1933
b. 112
109 Jul> 114 Feb.
Ist, 80. Mlu Div'-68;i910....jll2
9478
89
June 96 July
1937
Geu'l 3a, coup. 68.
-21 107
105 %b _lOlig Jan. 107 Aug.
r* Chi & Pac.W.r.lv-58
99% Jau. I0512 JuneN. Pac.Ter.Co.— 1st, 68, 1933. .. 105 a 10 1 la
101 b. 102i2a.ll00 Jan. 104 May
n:l.
i Min.
MiTi ni^—Sa.
1921
D1V.-58, 1921....
Wis. &
11434b.
1898.
1141a Jan. 119 June>
102 >3a.
100 Jau. 103 Juue Ohio & Miss.— Consol., 7e,
Terminal 58, 1914..
116 Apr. 119 July
141i3b.ll39iaJan. 144>4 July
2d, cousol., 7s, 1911
Chic. & N. W.— CouBOl. 78, 1915 130>2b. 130isb.;12C
103
b.
102%b.
9913 Jan. lOOisMay
OhioSouthern- l8t,68, 1921. ..
June 1321s May
Gold, 78, 1902
b5ial>.
39
29 Mar. 40 Apr.
119iijb.ln8i4
2d,iuc.,68,
1921
Feb.
Apr.
121
Blnking fund 68, 1929
7314a
73
b.
70 .M ar. 76 Jan.
Omaha & St. L.— Ist, 48, 1937..
106 Apr. 111 Feb.
Blnhingfiuid 56, 1929 ........ 110 b. 109
IO334IJ. 10414
9414 Jan. 105 May
1910
la
Impr.
Co.—
iBt,
68,
Aug.
Oregon
Ill's
limb.
Ill
107
M.ay.
1933
Blnklngfund delient. 58,
loy^u,
10978b.
Ftb 113 May
108%
105 b. 106 b. 104 May. lOGia Apr.
Ore. R.&Nav.Co.— Ist, 68,1909
SB-year debeut. 5s, 1909
96J4 Jan
lO.iia
104 May
5s,
1925
b.
Consol.,
97
Aug.
97^
Mar.
98
911s
Exten8ion'4H, 1926
100
9913b.
100 Augi
93
Jan
130 b. 131 b. 130 July 134 Juue Oregon & Transcon.- 6s, 1922..
Chi. K. I. & Pac— 68, coup. 1917.
b. 106
106
112 June.
68,
b. 106
Jim.
Evans.—
'20.
10531
Ist,
105
May
Peo.Dec.ife
Mar.
108
«l
104
Exten. & col. 58, 1934
101
103 b. 102 JIar. 107 May
Evansv. Div Ist, de, 1920
Oh.Bt.P.,M.* O.— Cou8ol.68.'30 121 a. 120% 119ifl Jan 1231a May
73
May
7212a.
69
75% Apr.
1927
a7^a.
IOOI2
mort.,
5b,
t)7%a.
Jau.
2d
97
May
l8t,con.
5b,'32
Ch.St.L.A Pitts.—
61 Aug.
51 Apr.
Rich & AH.— l6t, 7s, 1920. tr. rec 01
131 b.
123 Jan. 131 July
O. C. C. & Ind.— Cousol. 73, 1914
114
114
Jau.
116
109
June
1915
Cons.,
6b.
Dan.—
109
a.
107
May
Rlohm.
A
109
Jan.
113
12
Gen. 6b, 1934
115
Mar.
118
116
Feb.
lOijia
Roch. A Pitts.— iBt, 6b, 1921...
100 Jan. 106 May
Col. Coal & Iron— iBt, 68, 1900.. 103 »4b.
115
113
Jau.
II714
May
8214
1922
'31
Aug.
Consol.,
69,
80
63
Mar.
824
Col. H. Val. & Tol.— Con. 5b,
75 b. 63 Mar. 7 34 July
Rome W. A Ogd.— l8t, 78, 1891. 10- %b. 10S%b. 107 Jan. 110% May
Gen. gold, 68, 1904
107
b. 10058 Apr. IO814 June
107
"sb.
1922
I2II4
extend.
,58,
121
b.
b.
121
May
Mar.
CouBol.,
1900
1181a
Denver* KloGr.— lBt,78,
104iab. 98
Jau. 105 Aug.
7U'2b. 77 a. 75
Mar. 791a Jan.
8t Jo. AGd.Isl.— l8t, 6b, 1925 105
l8tcon.48, 1936
45 b. b9 b. JO May
43 July
81 b.
75 July
Jan.
2d, Income, 5b, 1925
Den. & K. Gr. W.- iBt, 6b, 1911
112 July 114% May
7512
75
Mar. 76 Aug.
St. L. Alt.* T.H.— 1st, 78, 1894. 11313b.
Asseijted
IIOI4
|107
b.
108
Feb.
Jan.
108
70isb
1894
'05
a.
pref.,
7b,
80
June
M.,
81
Apr.
2d,
Den. So. PR. & Pac— iBt, 78,
102 b.
103 Jau. 105 Apr.
36 b. 34 May 43 Jan.
2d., M., inc.. 7s, 1894
Det.Mae.A M .— Ld. gr.3isB,1911 3714
4238
4238
Apr.
Aug,
35
1894
'56
10278
68,
Dividendbds,
102%
Jan.
10314
July
95%
£.Ten.V.<fe G. Ri .—Con. ,58,
98 b. 98 Jau 10414 Feb.
96 Mar. 104 Jan.
St. L. Ark. A Tex.— l8t, 68, 1936 99
EUz. Lex. & B. Sandy— 68, 1902. 101138 100
30>8
June
4812
38%
Jan.
I37I9
37
b.
137
1936
136
Mar.
Feb.
2d,
6s,
1920
1321a
Brie- iBt. coneol. gold, 7s,
108 b. 1061a Mar. nils Jan.
112 b. 112
Ill Jan. 1 1 5 Ajir.
8t. L. A Ir. Mt.— lst,78, 1892... 108
I^ng Dock, 78, 1893
11114a. 10914b. li:5
Juno 1 12 Jan.
120
119 b.;ll5 Apr. 120 Aug.
2d mort., 78, 1897
Con. 68,1935
9218 June 99'8 Jan.
98
Cairo & Fnlton-lst, 78, 1891 10134a. lOl'sa. 102% July 1051a Jan.
M.Y.L.E.iW— 2dcon. 6b, 1069 89
8634
Apr.
9213 Jan.
80
gr.,
1931.
87
88ifl
land
5e,
S»ia
A
87
Apr.
May
Gen.
Ry.
1921
77%
Et. W. &Denv.C. -l8t, 68,
118 b. II314 Jau. 119 July
lOliaFeb. 106 1« May
8t. L. A Sau Fr.- 6s., CI. A,1906
Gal.Har.& San.Ant.— 1st, 6b,'10 104 b. 104
11913
11538
Jan.
June
118
b.
B,
1906
Apr.
Class
98
106
July
6b,
2d M., 7s, 1905
119 a. 118 b. 114 Jan. 119% July
6a, Class C, 1906
West. DlvlBlon— l8t,58, 1931. 93 a. 91 b. 90 Mar. 92=8 Aug.
115iaa.
II2I9
Jan.
118
June
1931
40
b.
68,
40
Apr.
mort.,
25
Ju.y
Gen'I
42%
Gr'uB.W.ASt.P.- 2dlnc.88,1911
101 14 102
10038 Jau. IO518 June
Gen'I mort., 5s, 1931
GoUCol.&San.Fe— lBt,7B, 1909 118 b. II8I3 118 July I22I4 May.
6
Jan.
102%
June
100
•'8
1888...
14b.
Mo.—
Ist,
6b,
9
96%
July
94
Feb.
Pac,
97
So.
Gold, 68, 1923
112 Jan. 117 June
Henderson Br.Co.-lBt. 68. 1931 11038b. llOkb. 10716 Mar. IIOI2 Juue St. Paul M. A M.— 1st, 7«, 1900
120i8b.
!l20i4July
116
Apr.
b.
120
122%b.
124
a.
Ill
Mar.
2d,68,1909
iBt M. L. 78
1221a July
H. & Tex.
117i2a.lll7iaa, 114
Mar. 120 June
112 Feb. 122i3July
ist cons., 68, 1933
iBt, West. D., 7b, 1891
96I4 Apr.
98 la June
reduced to 4 iaa..j 9'.i8b.
113 a,
Do
lOi June 114 Feb.
lBt,Waco*;N.78,1903
Montana Ext. Ist, 48, 1937... 87i4a.| 8714a. 80 Mar, 87% JiUy
102 Feb. 1081a Jan.
2d, consol. M. L. 88,1912
95
Apr.
SiO
Jau.
1909.
93
b
Val.—
Ist,
7b,
90
65
Shenandoah
68
65 Jan.
70 July
Gen. mort. 6s, 1921, tr. rec...
36I4 Jan.
34 b.i 33iab 29 Apr.
110 May 1121a Jan.
Geu'l mort., fis, 1921
Ina.BL &W.— lst,pret.,78,1900 112 b.'ll3
1051.2
Aug,
103
Jan.
b.
10513
97
1620
b.
Carolina—
let,
68,
87
85
8912 Jan.
80 May
let,5.6B, 1909, tr. rec
So.
87 May
69 Jan.
6714
2d, 5-6B, 1909, tr. rec
65 Feb.
2d, 68, 1931
711s Jan.
13 Apr.
18% Jan.
16
16
East. Div.— 6s, 1921, tr. rec. 88 b. 84 b. 80 May
Inc., 6b. 1931
88 Feb.
Mar.
llIVi Atir. 116
21
II518
19 b. 15 Mar. 21 May. So. Pac.,Cal.— l8t,6s, 1905-12.. lis
Income, 6s, 1921, tr. rec
Mar.
isb.
106
IO514
Jan.
1081a
Gt.Nor.—
108
a.
106
M.—
1911
Int. Ss.
let, 68,gold,'19
iBt, 68,
80. Pac, N.
981a May. llliflJau.
Jan.
41 Apr.
Coupon, 68, 1909
69 a. 61 Apr.
77 Jan.
Tex. A Pac— Inc. A Id gr, 78, '15
9513 Aug.
92 May
9514
Kent. Ceutr.- Gold 48, 1987
71
70 b. 69 Jan.
95
75 Jan.
New Ist, gold, 58, 201,0.
38 14 June 45 Aug.
Knoxv. 40.— Ist, 68, gold, 1925 97
95>2a S9I4 Jau. 100 June
4378
New 2d, gold, inc. 5s, 2000.. 447g
104
May
85
Jau.
L. Erie & W.— let g., 58, 1937 .. 105
105% IOII2 Jan. 110 May. Tol. A.A. A N. M.— Ist, 6a, 1 924. 101
10u7aa.
107 la May
L»ke8b.—Con.coHp.,l8t, 78,1900 126
126 b.ll25 Feb. 1281a June Tol.A.A. A Gr.Tr.- Ist, 68, 1921 10013
101 Ja
124isb. 1221b Jan. 12(ii4 May.
Jime
iliS
101
Con. coup., 2d, 7s, 1903
1935
99
b.
93
Jan.
Ohio
Cent.—
iBt,
5s,
100
Tol. A
121
liOng Island- Ist, 7b, 1898
121 b.|119i3May, 1221a Juiie Tol.8t.UA Kan. C.-l8t,68, 1916 92 lab.] 94
91 Juue 94 Feb.
II719
June
let, coiibo1.,5b, 1931
111
Jau. 115 J une
114
Jan
Pacitlc-lst,
6s,
1899
11534b.
114
Union
II6I2 Apr. 1^3 Feb.
lion. & SasL.—Consol., 78, 1898 11912b.
102 b. loziab.liooia Apr. IO418 JIar.
Land grant, 7s, 1887-9
». O. & Mobile— Ist, 6e, 1930. 114 b. 113 b.llOSifiJan. 115 June
May
Apr.
120
1211a
Sinkingfund, 88.1893
b.ll^O b. 1131a
2d, 68, 1930
9912b. iigifib. 9612 Jan. 100
May
H 9>« Feu. 1121a Jan.
Kan. Pacillc— l8t,6s, 1895.... 110 b. 110
E. H. & N.— Ist, 66, 1919
115 b. 115
114 Fob. 1161a Juiy
Feb.
112
May
109%
110 b. 110
Ist, 68, 1896
General, 68, 1930
112%b. 11234 109% Jau. lis May
Apr.
11234 May 116
114 b.
Denver Div.— 6b, 1899
Trust bonds, 68, 1922
110 b. lOO^b. 106% Mar. 110% May
110i4May
IO9I4
Jau.
109
101%
Ist consol, 6e, 1919
10.40,68, 1924
101 b. 101 b. 101
Juue 104 Fea.
Oregou Sh. Line -let, 6s, '22.. 106-'% 1061a 100 Feb. 10912 July
50-year 58, 1937
9 9 lib. 9912b. 99I2 Alar. 10238 Apr.
Jau.
83% July
Virginia Mid.— Gen. m., 58, 1936 8334:1. 83 b. 78
ton. N. A. <fe Ch.-l8t, 68, 1910. 114
114 b. 10714 Apr. 115 Juue
37 Apr. 47 Jan.
Wab. St.L. A Pac- Gen.,ti8, '20 50 a
Coneol., gold, 68, 1916
96 b, 95 a. 87% Apr.
Feb.
y« July
Jan.
98%
93
Chicago Diviaon— 5s,1910..
Mem. & Ch'lston- 6e,gold, 1924 103%
100 Jan. IO519 Juue
90 Jan.
84 Feb.
Wabash— Mortgage, 7s, 1909
Metro. Elevated.— Ist, 68, 1908. 114 b. 114T8a.ll08i6 Mar. 117 May
'90
112
Aug-.
112
Tol. A Wab.— Ist, ext., 78,
110 b. 107 Apr.
2d, 6b, 1899
1103
Jan. 108 July
July
Ist, St. L. Div.. 78,1889.
iLOisb. 109 b. IO714 Apr. 111
Mich. Central— let, con., 'Ts. '02 129 b.il29»8b.'l26 May. 131 Julv
91 Feb.
2d, extended, 78. 1893..
88 b. 8714b. 85 Apr.
Consol. Se, 1902
110
110 b. 1071s May llOiaJari.
90 Jan.
Con., conv., 7s, 1907
83 Jau.
WlBB'riPac— 1st, cone., 68,1920 112
107 Mar. H3i« Jan.
1121a
Great West.- Ist, 78, 1888
110
110 b. loo's Apr. 111 May
8d, 78, 1906
120
117
|115
Jau. 118 Feb.
90 Jan.
2d. 76, 1893
87isu. 85 ."aar.
88
Pao. ot Mo.— Ist, 68, 1888
lOOia Feb. ,1031a Jan.
West Shore— Guar., 48
9973 Jau. 10458 June
10 I4 103
2duiort.,78. 1891
10514b. 105 b.!l04 Jan. [108
94 >s Jan. llOOiaMay
May
Wheel. & L-ake E.— Ist, 5s, 1926 100>4a 1-0
MOIB—The letter" b" Indicates price bid, and " »" prloe asked; all other prices and tUe raugo a.-o from actual salee.
Inc., 6b,
1910 251^
.
22^8
-
^
..fe
:
—
-5
.
C—
1
.
am
.
,
1
STATE BONDS.
Alabama
SECURITIES.
I
A
1906 104
Class
CSaes B, 58
Class C, 48
3 to 5
Bid.
Ask.
105
19061 108
1906
1900
68, 10-20
Arkansas—6b, fimded.. 1899-1900
7e, Little Bock A Fort Smith, Iss
78, Memphis A Little Rock, Iss..
7b, Arkansas Cential RR
Beorgia— 7b, gold
1890
laOQlslana- 7b, eons
1914
Stampel, 48
1R»'
Michigan -78
lOOia 103
102 ig
7
8
8
5
103
106
881s
105
12
l<i8
SECURITIES.
Missouri- 68
Chatham
RR
Special tax. Class 1
89
Bid.
due 1889 or 1890
Asylum or University, due 1892
Funding
1894^1895
New York—6a, loan
1892
6b, loan
1893
North Carolina— 6s, old
JAJ
Funding act ,
1900
Now bonds, J. A J
1892-1898
Consolidated 48
6b
Ask.
SECURITIES.
Bid.
Rhode Island— 68, cou.. 1893-1894 108
101
104
107
108
109
35
10
20
7
11
1910 93
iQin 123
95
South Carolina— 6s, non-fund. 1888
3
Brown consolidated 68
1893 105
Tennessee— 6s, old
1892-1898
62 4
Compromise, 3-4-.')-68
1912 714)
New settlement—68
1913 1031a
OB
1913
901a
7014
3b
1913
Virginia— 6s, old
48
70
68, ooafolidated bonds
6b, couBolidated, 2d aeries
50
68. def erf pii, trust r**e
9
ABk
^ ^
4
107
64
74
106
99
TCia
^^
10
—
AoousT
—
THE CHRONICLF.
11. 1888.J
185
BOVDS-STOCK BXCIUNSE (iUOFATIOSS ON VltlUAT OK IJJACTITB RAILKOiD BOHOt.
Railroad
Erlo— (Contlniicdl—
Koiiils.
4tli,ext-nnded. fte
....1990
5th, oxtondcd, 4s
1938
107 10S><
1920
let, oon»., fd. coup., 78
93 •« 94 >4
Reorg., let lien. 6»
1908
10039 \OiH
B. N. Y.
1916
E.-lst, 79
84I3 85ie|
N. Y. L. E.
W.—Col. tr., 681922
120 123
1969
Funded coup., 5s
109
Buff.
8. W.— Mortg. 09....1908
Evan. A T. H.-lst, cons., 61.1021
(>.lock Kxrhttuije Vr\ce$.)
At
Tup.
Hail.
BlnkliiK fimil, (is
'h.
.fc
Cnllat.Tiil
riilo.
1911
1937
A
I'eACivl.— 1st (?., ,S«.1937
1930
Cii»k-lnt Kold, 4e
.<.
Bwcu
B<. & Onlo-lstGa,
R»,KOlil
Conn,
iiiort..
Park B ..1919
192S
A
...1988
L-old.Ss
99
Bjgt.H.Tiin.A W.— l)eb. 5e...l918
Brooklyn Kiev.- l8t, U., 6b. ..1924 108
1915
2d. 3-,^R
Briuisw k^k i West.— l8t. K..48.1 938
Barl. Ce. Rap. * No.— l»t,58.1906
1934
CoDAOl. &. col. tr, ftH
A
Mlun.
Iowa
('.
L.-l8t
St.
110
A
A Ind.—Gen. 5S..1924
Green B. W. A St. P.— 1st, 6e.l911
Han. A St. Jos.—Cone.. 68
1911
111
Houston A Tex. Cent. Istm 1. tree
103
West Dlv. 79, tr. reo
98
2d In. 8« M. 1. tr. reo
82i( Hous. E. A W. Tex— l8t, 7e...l898
96>i Grand Rap.
85
ga ..1927 100
7s,
88
'
A Wrst.-lBt 78. ...1909
A N., let 68.1920
Ced. Kai>. L F.
1921
l8t5fl
81
Oantral Iowa— Ist, 78, Tr. Reel899
East'n Div.. Int. 6s
1912
Illinois Division— l8t 68
1912
Cons. Kold bunds, 68
1924
CMt. kR. A BanklnK
55
101
CoUaK-ral xold. 5s
1937 103
Ghee. A O.—(is, gold, ser. A. . .1903 '112
112 113
71
<7ke«. O. A So. Wcet.-2d 68... 1911
Csleo^o A Alton-l8t, 78
1893 112 113
•123
Blnkine fund, 68
»s
1903
Loul8. A Mo. River— iBt 78.. 1900 119
2d 78
1900 •lis
St. L. JB(^ks.A fTilc— Ist, 78.1894 •116>4 117
lat, KUiir. (.'164), 78
1894 •116
2d niortK. (3(i0), 7«
1898
2d, guar. (188), 78
1898 118
Ml8s. R. BrldKO— l8t, s.f. 6S.1912 107>j
CoDponaofT
190.^
•Catc. BiirUnsr. A Q.— 58, •. f. ..1901
Iowa l)iv.- Sink, fund, d8..1919
8h)kluj< fund, 48
1919
Plain, 4"
1921
Nebiiwka Kxtcnslon 48
1927
CMe.
92>4
A No.— Deb. 68
1896
Calc. Rock Isl. A Pac—
Des Moines A Ft. D.— l8t,48.1905
Burl.
136
107
136
8914
'
87
119
1071a
103
1211a
98
•1201a 121
11818
•116
A
Dakota
1916
Peninsula— let, couv., 78
1898!
Ut. Soutli., 5s
Escanaba A L. 8.— 1st, 68... 1901
Des M. A Minn.— Ist, 78
1907
Towa Midland— let, 88
1900
A MUwaukee—1st, 78.1898
A St. P.-2d. 78
1907
A Mad.— Ist, 68
19051
Ohio.
Win.
Mil.
Ott. C. F.
A
St.
P.-l8t, 58. .19091
19I0|
NortUern 111.— let, 5
CI. Col. Cln.
A
Iiid.— let, 7e, s.f.'99
CoDBol. sink, fd., Ts
1914
Cttlo. St. Piiiii M.
O.—
Chic. 8. P.
Minn.— 1st, 68.1918j'
A
A
Ko. Wisconsin- Ist, 68
1930
Bt. Paul A a.
1st, 69 ....19191
A K. IIL— 1st, 8. t, cur.. 1907
Gen. con., Ist, Ss
1937
Cbic. St. V. A Kan. C.-58
19ati
Minn. AN. W.— 1st g. Ss
1914
CWo. A W. lud.— l8t, s.f., 68.. 1919
Oeneral mortgage, 6
1 932
Ohlc. A St. Loui.
1st, 68
1915
Ctn. I.St.UA <'lclc.— Ut,K.,48.1936
C—
Chlo.
—
Cin. Jack.
AMac— l8t,K.,58...1936'
A Canton- Isl,
A Urceu.— 1st, 68
Cleveland
C
•!.
C—
A Spr.
coupon
A West.- M. 59
tndianap. D.
1st, 78, ex. fund,
Ind. Dec.
Long Island RR.—
2d, 68
Col. A Cln.
Midland— let,
95
Occur d'Aleue. lat, 6n, gold. ..1916
DsL Lack. A West Couv. 79.1892
Mortgage, 78
1907
S/ra. BiiiK. A N. Y.— l8t,78.1906
Morris A Essex— Ist.Te
1914
2d, 78
1891
Bonds, 78
1900
7e of 1871
1901
let, con.,gu».-,73
1915
DjL A Ilud. Cacal-lsli, 7a.. .1891
let, ext., 78
1891
Coupon, 78,...„
„....
1894
Pa. Dlv.,cour.,7i.,.
1917
93
109H
144
106 '8
127
138
1381s
107 Is
•109
•115J-J
'143
94'
1930
K.A W.of Ala.— 1 ,i,eon8.68,g.,1926
A w.—8. 1., deb,, bb. ..1921
iilU. C.
Islniong., 68
*
N
I
price Friday
19:^0
1897 1191a 121
1919 •117
1923 Ill
I
:
A Manitoba— let, g. 66.1936
68.1937
A Butte, Ist, 68.1937
Druminond AP'bg — lat, 5s.l937
Helena A No.— 1st, g'd, 68.1937
La M. A Mo. Riv.-lat, 58 .1937
N. O. A No. E.-Pr. 1., g., 6a ..1915
1926
Now Or. A Gulf -Int, Sa
SJorf. A W.—New lUv.-l8t,6s.l932
1934
Imp. A Ext.. 68
99
these are latest qaotsUoiu
mads
tale week.
Kan. City
Ft. 8.
St. L.
A S.— l9t,
69,
1919
1895
1987
g.l9l6 100
A V. B. Bg.— 1st, 69.1910
K.ABo.Wn.— let, 66.1916 100
Kansas MId'd — let, g. 49.1937
Tex. A Pac.E.Dlv.— let, 68 1905
Pennsylvania
109
A
Rochester
Pittsburg—
102
Buft.R.)ch.APitts.— Gen , 5S.1937
Rich. ADanr.— Debenture 68.1927
Debenture, ex coupon
Consol. mort., gold, 58
1936
A Char.— 1st, pr., 78
1897
Incomes
1900
Rich. A W. Ft. Ter'L Trust 69 .. 1 897
AtL
110
100
92
94%
88%
9314
90
San Ant.A Arans.-l8t,68,'85-1916
90
1st, 6s, 1886
1926
Scioto Val.— let, cons., 7e
1910
65
Coupons oil
St L.ALM.-Ark.Br.,lst,78.1895 107>4 109
Cairo Ark. A T.-lst, 78. ...1897 107
St. L. Alton A Ter. Haute
A So. 111.— 1st, 86. ..1896 118
A Car.— Ist, 66
1923 110
Louis A Chic— 1st, con. 6s. 1M27
|8t. P.Minn. A M.— Dak.Eit.,68.l9 17
Min's Un.— 1st, 6s
1922
Mont. Cen.— 1st. guar., 6a. .1937
Paul
Duluth—
St.
A
1st, 58. ...1931 110
Sodus Bay A So.— 1st, 58, g...l924
s.
f., 78
1909
Tex. Central— Ist,
Ist mortg. 78
1911
Tex. A N. O.— 1st, 78
1905
Sabine Division, let, 68
1912 105
99
Tol. Peoria A W.— Ist 78, Tr. reo
Tol. A. A. A Mt. PI.— Be
1919
Tol. A. A. A Cad.— 68
1917
VaUev R'v Co. of O.— Con. 68.1921
Bellev.
Bellev.
St.
96
110%
10S%
Virginia Midl.ind.-Inc., 68... 1927
Wabash St.
L.
A Pac—
891s 90
Dlv., 69
1910
Indianapolis Div. 68
1921
Detroit Div.— 6s, tr. reo
1921 109>s 112
Cairo Div.— 58
1931
St
Wabaah. M., 78, Tniat rec
90
Toledo & Wab.— Ist ext., Tr. reo.
91
St. Louis Div., 78, Trust reo...
87
90
2d M. ext., 78, Trust reo
13
Equip, bonds
1883
85i«
CoQsol. couv.. 78, Trust rec...
90
92
Gt. West.-lst. 7s, Trust reo
87
2d, 7s, Trust reo
Quln. A Tol.— let, 78
1890
Han. ANaples— lst,79....1909
III. A So.lowa— l8t,ei.68.1912
Chicago Div, ,58, Trust reo
Havana
—
40
1927
gold 3-58
Wari-eo A Frank— 1st 78. ..1896
Weet. Va. C. A Pitts.-lst. 63.. 1911
West. Union Tel.—Coup. 78.. .1900
1904
N. W. Telegraph- 7e
.Market 8t. Cable Ry., Ist, t8.1913
105
118%
Manhat. Beaoh Imp. Co.— 78.1909
Am. Water Works Co.. Ist. 68.1907 103%
llSii
Coal Iron A Railway—
1917
leim. Div.. lat, 6s
I'enn.
19'20
1917
Div.— 1st con. 68
Hock. Coal A I.—68,g..l9l7
Se
1937
GeorglaCo.,N.
Bir.
117
CoL
A
85
871*
C—
Free List.
Ham. A Day. con. 8.f. 78.. 1905 •llS's
189Sj*lH
Erie* l-ltls.— Consul. 78
Grand Rapids— 1st ix. I'd 7s, 1SM9 118
Cln.
6a.. ..1921 '1071s
1921
105
RR.—
1924 111
190s
Mias.— C0U9., s. f., 78.. 1898 115
1905 108
Sp'gtield Dlv.— l8l,78
General OS
1932
Ohio Cent.— Ist Ter. Tr., 6e...l920
1921
Mlu. Div.— 1st, 6s
Ohio River RR.-lst, 58
1936 100
General mort., gold, 68
1937 SO
Oregon ACal.— Ist, 5s ...k.. ..1927
Panama—Sink, fd., sub., 68.. .1910
A Pek U'n— lat,
2d M.. 4ias
A
,59
2dm.
A
Peoria
1st, trust, gnld,
8t.L.K.C.AN.-R.E.ARK.7s.'9d no's 112
191^
Clarluda Br.-66
et.Charles Br'ge— l8t,68.1908 1041a
18!i5 114
113
Missouri—
78
No.
Ist,
93''8 94
10118 West.N. Y. A Pa.-l8t, 5s ....1937
Dul.
145 >s
108
Oliio
9-.; Is
1937
7e...l900 121
2d, extended, 69
_3d,^xtended, 4*88
Northern Pac— Dividend scrip
931a
Dividend extended
James River VaL— Ist, 68. .1936 1031a
Spokane A Pal.— Ist. Os
1936 99% lul%
St. Paul A N. P.— Gen., 68.. 1923 llO^B
Adjustuient M., 78
Kquipuieut, 5b
Ogd. A Lake Ch.— Ist, 6s
A
Erie— iBt, extended, 78
80
Hel. B.Val.
Ist, cons., gut -.//a
1906 '1321s
1st, cous., guar., 6s
1906 124>4
Bens.
8ar.— iBi, coup., 78. 1921, 'I44I1J
Det. Bay C.
Alp.- ist, 6. ...1913 ' 107 14
DulutliA Iron lia ge— l«t,58.1!'37
9219
Dirisloi.al 56
74
107
Do Dakota Div.— 1st.
'li2iu
San Franolsoo—
C—
HclcnaARcdM'n— I8t,g.,6s.l937
185's
Albany A Susr^rehanua—
A
Dul. So. 81'. A Atl.-fis
£. Tcnn. Va. A ua.— let,
1937
2d. 4128
9iis N. Y. N. H. A II.— 1st, rog. 4e.l903
N. Y. Tex. A Mcx.-lst, 4a ...1912
92
1916 * 101
78
1920
6s.. 1914
A
Pierce C.
Equipment, 78
109 1»
Pa. Co. '8 guar. 4is9, Ist op. .1921 108
Pitts. C.ASt.L.— I8t,op..7s.l900 118
•lOlis
Pitts. Ft.W. A
let, 76.. .1912 1421s
80
2d, 78
1912
110>s
50
3d, 78
1912 •1.31
86
Clev. A P. -Cons., e. fd., 79.1900 128
92%
4th, 9lnk. fd., 6s
1892 1061a
Bt. L. V. AT. H.— 1st, g., 78. 1897 1141a
112
2d, 78
1898 106%
122 I2313
2d. guar.. 7e
1898 1081a
88i« 88%
1031a
19.->8
Phil. A Reading-Gen. 48
126
Pine Creek Railway— 69 of 1932
123
Pitts. A Western- Ist, g., 48. .1917 ' 7414
75
125
Pitts. Cleve. A Tol.— 1st, 68... 1922
124%
Pitts. Junction- Ist, 6s
1922
106
Pitts. MoK. A Y.— 1st, 63
1932 •10^%
Pitta. Y. ft Ash.- Ist 5s
1927 *120
117%
N. Y. A M. Beach— Ist, 7e..l897 115
N. Y. B. A M. B.-l9t,g., 58.1935
Louisv. ANashv.Cecillan Br.— 78
1907 106''8
Pensacola Div.— 6s
1920 103
1921 115
Bt. Ixuiis Div.— l9t, 68
2d, 3s
1980 60
Nashv. A Decatiu>-lst, 78. .1900 1181s 120
1910
S. A N. Ala.— 8. f., 08
Louisv. C. A L.— 68
1931
95
96
Pens. A At.— l8t, 68, gold.. 1921
Collateral trust, Ss
1931
Lou. N. O. A Tex.— l8t,48.... 1934
2dmort., 58
1934
Manitoba S. W. Col.— G. Ss... 1934 62I2
New,
Mexican Cent.—
a8s.,4s.l911
20
Income, 38
1911
Michigan Cent.— 68
1909 12Jis
Coupon, 58
1931 113 114
Jack. Lan. A Sag.— 68
1891 106 lOQia
90
110
Milw.L.S. AW.— Conv.deb.,5s. 1907
115
12314
Michigan Div.— Ist, 68
1924
90
134 »2 135
Minn.ASt.L.— Pa Ex.— l8t,7s.l909
127
2dinortg., 7s
1891
90
lis
Southwest Ext.— 1st, 7s
1910
131
Pacific Ext.— 1st, 68
1921
113
Minn. A Pac— Ist mortg. ,58.. 1936
108
Minn. 8.8te.M.AAtl.— I8t.5s..l926
109 14 Mo. K. A T.— Cons.,2d, inc.. ..1911
1061a
H. A Cent. Mo.— 1st, 78
1221s
1890'.;-:;
103
Mobile A Ohio— Col. tr., 69 ...18921 102
Ki
General mort, 48
l938l.
73 14
125
St. L. A Cairo- 48, guar
1931, ---Morgan'sLa. AT.-lst, 6a....l920 108
126=4
1st, 7s
1918 120
120
Nash. Chat. A St. L.— 2d, 6s.. 1901 1071s
98i8i
99% 100
9i
Consul, gold, 58
1928
10/1*
N.J. June.- Guar. 1st, 4s
1986
95
N. Y. P. A O.— Prior lien, 68 -.1895
57I4
56
112
N. Y. A Northern.- 2d, Is.. ..1927
116
N. Y. A New Eug.— 1st, 7s.. ..1905
Ist, 68
1905
N.Y.Suaq.AWeet- Deb. 68. ..1897
58.. 1917)
St. I>oul8
Ist, 69,
931a
99>a
1952
Springf. Dlv.— Coup.,.. 6e, . 1898 114
Middle Dlv.— Reg., fie
1921 113
C. St. L. A N. O.—Tcn.l.,7e.l897 116
Ist, consol., 78
1897 116
2d, 68
1907 118
1951 11713
Gold, 58, coupon
Dub. A 8.
2d Div., 7e ...1894 "«6"
68
Cod. Falls A Minn.-lst, 78.1907
'
C lica^o A ISortliwesteni—
Missouri Pac—Trust, g.. 59. .1917
Verd'a V. Ind. A W., 1st, .58.1926
Ler. AC'y Val A. L.,lst,59.1928
60
Gold 4s
1906
1947
2d M. inc. Ss
1948
Kau. «tvA()malia-lat!,'. 58.1927
Kan. C. Wynn. A N.W.— l8t,58.1938
Lake Shore A Mich. 80.—
Cleve. P. A A.— 7s
1892
97
BufT. A Er.— New bonds, 78.1898
Kal. A W. Pigeon— 1st, 78... 1890
92% Det. M. A T.— 1st. 7s
1906
Lake Shore— Dlv. bondB, 78.1899
Consol., rcg., 1st, 79
1900
SoH)
Consol., rcg., 2d, 78
1903
571a
Mahon'g. Coal RR.— Ist, 58.1934
55
l8t,2>sg
1905
Extension, 48
1905 85
Keok. ADcBM.-l8t, 58....1923 IO514 100
Oi c. M.A St.P.— tst, 8e, P. D.1898 124 125
2d, 7 3-108, P. D
1898 lie^e 119
l8t, 78, f K., R. D
1902 123
114
l8t, La Crosse Division, 78. .1893
let, 1. A D., 7e
1899 117
let, C. A M., 78
1903 125
let, 78, I. A D. Eit
1908 123
l8t, e. W. Dlv., 68
.1909 II4I2 115%
l8t, 58, La C. A Dav
1919 IO2I3
let, H. AD., 7h
1910 121it
let, H. A D., 58
1910
Cl)le«Ki> A Pacific Div., 6s. .1910 120
121
99I3 )00>s
Chic. A Mo. Rlv. Div., 58 ...1926
Mineral Point Div., 5s
1910 ICO^s
C. A L. Slip. \n\-., 5s
1921
Fargo A South., 68, Assu ...1924
Inc. couv. sink, fund 58
1916 90
107
•100
Illinois Central-let, g., 49. ..1951
19.")1
Ist, gold, 31,8
47>s
Q».—
Co.,
Mt. Vernon— l8t, 69
1923
Evans. A Indian.— iBt, cone. ..1926
Eiirckii Springs R'y, Ist, 6», g.l933
Fl't
P. Marq.- Mortg., 6i...l920
1995 1I4I*
1896 1141s
1897 1141s
C«L A Oregon— Ser. B., 6 1892
Weet. Pa<-lflo— Bonds. 6b. ...1899 112
No. Railway (Cal.)— let, 6a. 1907
Bouth.PacArlz.— let 68,190910 106
Union Pac— let. Be
1898 113°8 114
1897 llli8|U4%
l8t, 68
l<t, 6a
1898 111^8 115%
Col. Tmet,68
1908
1907
CoLTniet, 5e
0. Br. U. P.-P. o.,78
1895 106
Atoh. Col. A Pao.— let, 6e.l905 1041s I0»
Atoh. J. Co. A W.— let, 6e.l905 103
Ut.8o.-Gen., 7e
1909 •98 19
1909 91
Ext«n., Ist, 7e
Gold bonds, 0»
Gobi bonds, 6b
Gold bonds, 6e
I02>a
A
Bid.
Paoifle RRi.-Cf^nlral Paolrto—
MS
102
K«— 4i«« ...1920
Tnmt, 58
BEOURmHS.
Bid.
BECDRITIES.
Aek.
Bid.
BECURITIES.
N. J.
72
til.
L.
6s. 1899 '101
4< ...mSIi' 80
Southern— Int. guar.
SoiUh'n.— l8t.
g.,
86
89%
5
51
1
.-.
IHE CHROIVICLB.
166
New York
Bank Statement for the week ending Aug.
We omit two ciphers (00) in all oases.
City
as follows.
4, 1888, is
[Vol. XLTTI.
SECURITIES.
&
Huntington
SECURITIES.
Broad Top
Pref eft ed
Banes.
Loa'M.
Capital. SurpiiM.
LegaU.
Specie.
Det ositi.
(OOs omitted.)
$
2,000,0
2,050,0
2,000,0
2,000,0
3,000,0
Mercbants'
Hechanlcd*
America
......
Plienlx
City
Tra<lesmen*8.
1,000,0:
Chemical
Merchants' Exch*Dge
300,0
600,0
1,000,0
300,0
200,0
200,0
1,000,0
1,000,01
Oallatln National
Batchers' & Drovers'.
&.
Traders
Greenwich
lieather Manufa^it'rs.
Sevemh
1)00,0
New
Nutkiual
York...
1, '200,0
AmerlC'.*n JCxchange,.
5,000,0
State of
300,0
Commerce
3roadway
5,000,0;
1,000,0
Mercantile
1,000,01
422,7,
Pacific
Republic
Chatham
1,500,0
460,0,
,...
Peoples'
,.
Citizens'
Ifassan
Market
Bt.
<fe Fulton
Nicholas
Shoe & Xicather
Corn Exchange
1,000,0
1,000,0
Continental.
Oriental
Importers' <fe Traders
2'20,8
1,94'_',9
342,2
971,3
235,9
354,9
166,8
620,1
3,490,1
12,649,9
3,049,0
2,642,4
2,291,8
4,152,6
1,777.0
3,094,0
6.613,6
4,682,8
1,987,1
20,768,3
222 2
227,2
1,078,9
Foorlh National
Central National
Second National
Ninth National
First National
Third National
N. Y. Nat'l Kxchange
Bowery
New York
County
German-American
Chase National
Avenue
German Exchange. ..
Tiflth
Germania
United States
Lincoln
Gartleld
Fifth National
Bank of the Metrop..
West bide
Seaboard
Sixth NationaL.
Western National
Legah.
Specie.
1338,0
0,2.50,0
908,0
405,8
4,297,0
5,654,2
21,521.4
6,674,1
2,526,0
694,5
7,787,2
424,2
940,7
485,6
110,0
130,1
832,5
439,0
792,6
4,689,0
2,403,8
1,127,9
1,813,6
690,8
2,762,8
932,8
334,1
740,7
3,895,1
515,4
66,6,7
312,7
1,019,6
279,6
868,0
1,432,4
819,9
1-24,
4,886,1
1,827,8
155,6
448,0
1,857,4
4,245,9
1,229,8
197,2
721,
608,1
527,4
1,791,6
232,7
288,9
224,8
1,012,2
828,2
328,3
424,9
775,4
300,5
418,7
1,597,8
280,8
146,0
101,0
137,3
129,0
656,7
761,1
398,3
389,8
114,5
297,7
181,S
197,6
1,34'2,4
2,435,0
2,906,2
2,002,1
8.438,2
,3,850,4
2,950,2
2,685,9
4,406,6
3,306,0
2,449,9
1,795,2
2.63,2
4,4.33,6
254,7
408,8
561,o:
150,1
1,323,8 1,439,8
2,181,2
$
I
$
28
4
Aug. 4
3,697,8 118,416,9 6,181,1
3,768,0 116,833,1 6,186,0
3,537,1 117,764,9 6,174,6
85,303,8
73,477,7
82,678,9
31,765,1
30,940,3
29,596,2
92,9.30,1
93,640,1
93,454,0
T*' '*™*^ *i"o clpTierg in all these ftgares.
uelpbia, the item "due to other b inas ."
98,920.3 2,715,7
98.414.5 2,728,9
96,647,0 2,727,3
+ Including, for
*,
68,260,9
60,006,3
Quotatlous iu Boston, f miadelphla and Baltimore:
Following are quotations of active stocks and bonds. A full
_
I8t IS given in the Chronicle the third Saturday of each
month.
Bid.
BOSTON.
BAILROAD PTOCKS.t
Atchison dt Tot eka
Boston & Albany
Boston & Lowell
Boston & Maine
Boston & Providenie
Boston Rev. B. A Lynn..
Oallfomla youthem
Central of Massachusetts
Preferred
Cheshire, pref
Ohio. Burl.* North'n....
Chicago <fe West Mich...
(nereland A Canton
Preferred
Concord
PrefcneJ
Maine C-iitr^l
Mexican uenirai
H.Y. dk N. Eng., pref
<fc
&
Preferred
Ooll-
43
20
42 Hi
"56'4
""9"
CallfomlaSouth
m"
87>fl
6i'
39
t Per shaie.
135
114
Ist, 68.
.
—
Istmort., 68
2d molt., 68
Ogdens.
11
ISHi
&
lOi'
W. Jersey
*;
Ill
Baltimore
90 191
120 125
117
128 12
114
A
2d prof
Central Ohio
Preferred
—
Southern Kansat* fisn'"
Texas Division- 58
Incomes
Wiscon. Cent, -let M.j Bs
Income 58
P|11L,AOEI,PHIaV"
RAILROAD STOCKS.
19
Boll's
39
Gap
951-a
99:14
94
4114
95
54 12
99
68a8
20 ig
123
101 \!
100
94
95
891-!
4i:>4
1
Ciuuden o. At antic, pref'
Ea«t Pennsylvania..
121
Elnilra & Vvllliamsport.'
94
94 V
Prefesred
Laatcrice this week.
44I3
53
45
63
Ind.lstm. 58.
Franb. — let, 78
Warron tft
J ersey— 1st M.,
86
67%
57=4
100%
109
120
123
is..
Atl.-lst, 6s 106
BAl.TlinilKK.
RAILROAD STOCKS.!
Ohio
92 la
iBt pref
481a
125
118
50
"10
Western MatylandWiJm'gton Col. A Aug'ata 110
RAILRUAO BONO!"
—
't
I
New ¥ork
BANKS.
Local Secarities.
Bank 8took lilst.
BANK'S.
Bid. Ask.
BANKS.
Ask
Bid
225
300
Chatham
350
230
3460 3700
140
Chemical
Citizens'
168
170
Continental 121
Corn Exch... 210
East River- 136
128
.
.
First
,
200
1'20
200
146
Im.tfe Trad'a'
Irving
148
Leather Mfs' 196
Manhattan... 160
Market* Ful 171
Mechanics' M'chs' A Trs'. 156
34 ft
City
Commerce.
112
.
Mercantile... 160
Mer(-haut8'-.
Merch'ts Ex. 118
Metroplitan
11
2000
Fourth
1371.2 1381a Metropolis.
14th Street.
155
230
152
.
Kasaan
218
'N.Y. County. 200
N.V.Nat.Ex. r20
Ninth
132
N. .\inerica..;i48
North River. 135
Oriental
200
Paciiic
165
Park
169
People's
190
164
Phouix
130
(141
Republic
1671a St. Nicholas- 113
iSeaboard
118
120
139
3'/l)
122
Shoe&Leath. 146
12
State of N.Y. 116
Bonrte, 58
Cout-oliilated
&
Gas
103
48
100
76
165
114
,
Hol>oken.
Met ropolitaii— Bonds
MuluaKN.
Y.)
91
,
oiid.% Ga
Nassau
100
,
104
99
(.Brooklyn)
[City
&
Ful.
F.— Stk.
25
Istmort,., 7s., 1900
109
7th.\v.— St'k..
102'
1st mort., 58, 1904
2d mort., 6s, 1914
101
B'way Surface b'd8...ig24i 95
Boo'isguar., 6s, 1906
90
Brooklvii City— Stock
112
Istmort., 5a, 1902
106
Bklyii. CrosstowTi— Stock. 212
Istmort.., 7a, 1888.
100
Busbw'k .\v.(Bklyn)— St'k 140
Central Crosstown — St'k.. 160
Istmort., 6a, 1»'22
lie
ay
^
160
117
104
I
....«
Ask.
Bid.
73
126
111
84
110
137
109
112
71
122
106
80
103
135
105
110
101
KR. Quotations by H. L. Qbuit, Broker, 145 Broadway.)
Bl'ckerSt.
Br'd
135
142 1»
117
Tradosmeu'a.'
UuitedSt'es.l210
106
People's (Brooklyn)
50
Williamsburg
103
Boiuls, 6s
78 14 Metropolitan (Brooklyn)..
Municipal— Bonds, 78
Fulton Municipal
93
Bonds, 6s
102
Equitable
108
Bonds, 6s
^
170
172
'
Ga« and Oltr Railroad Stocks and Bonds.
GAS COMANIES. >Bid. Ask.') G.VS CO MPANIBS.
Brooklyn Gas Li.eht
CitizeDs' Gas-Light
—
128
140
165
;
155
Aak
Bid.
1
1721, 174~ Gallatin
Ani. Exch... 139 'a 1401a Gartield
Asbury Park
103
German Ani.
Broadway... 265
Gennaiiia
Butchs'JtDr. 187
..
Greenwich...
120 13 Hanover
Central
Chaae
230
Hud. River.
America
*
'
1
271a D. D. E.B. & B.— Scrip 6s.. 104
110>4 Eightli .-\ v.— Stock
150
170
104
103
Scrip, 83, 1914
42d * Gr'iid St, F'ry~Stk. 206
1031a
110
Istmort., 7s, 1893
42dSt. .llauh. A St.N.Ave. 24
100
95
116
107
223
150
166
120
Cent. Pk.N.(fe E.Riv.— Stk. 821a 85
Consols. 7e, 1902
116 118
Christ'ph'r&lOth St.— Stk. 112 116
Bonds, 7.S, 1898
111
113
Dry Dk.E.B.A B.lt'y— Stk. 125 128
1st mort., 7a, 1893
1071a 109
1st mort., 68, 1910
2d mort., income, 8s
Houat.W.St.A P.Fy-Stk.
Istmort, 7s, 1894.
Ninth Ave
Second Ave.— Stock
l8t mort., 55, 1910
|l
I
I
I
106
156
107.ii
210
iia
28
110
50
165
110
75
105
103
160
105
212
112
66
112"
Sixth .4.ve.— Stock
lat mort, 7s. 1890
Third Ave.— StfKk
101
Bond.s, 78, 1890
Twenty-third St.— Stock- 213
110
ist mort, 78, 1893
I
106 <»
I
1041s.
I
170,
106'
216
103
215
112
1
—
Unlisted Secnrlties. Quotations from both Exchanges:
SECURITIES.
SECURITIES.
Bid. Aak.
Bid. A,k
Am. Bank Note
113»4 114:14
1041., IO314
L.C.— Cons.,6s 101
16% Rutland— 58
121
&
Steuben.
104 1^
109
105 Hi 107
Co.,
"47
Mexican National
261a
& Char. Air Line....
Brooklyn Elev'd— stock..
Brooklyn A Montauk
All.
943,,
,111014
.,104
LoniaT.Ev.&St.L.— Ist,
2dmort., 2-68
63
Mar. H. & Out.- 1908, 68. 100
1923,68
98
76" Mexican
Central 4s ...I
68 14
50
Income
19''s
N^Y.*N. Eng.-lBt,'?;" 12234
8534
671a
671a
11'.?
111'2
St
99" 100
Atlanta & Char.— Ist. 78 I2014
103
Income, 6a
lOliQ
Baltiinorti A Onio 48...
Leh. v.— lst,68,C.<6a.,».• II912
Cape Fear & ad. Ist, 6a 98-1,
^d, 7b, reg.jlOlO
140 141' Cent. OI1I0-6S, 1890...
106
Cons. Bs. 0.& B., 1923.. 13213
1101*
Ist, 78
Char. Col. & Aug
North Penn.— l8t M., 7s. 110
99 1«
99
Cin. Wash. * Bait.— I8t8.
N.Y. Phil. &Norf -l8t,6s 1031a
2d8, SB
5 71
721a
Incoiiio, 6rt
31
Sds, Sb
39
Penn.-.Gen. ,68,coup.l 9
132
lat Inc.. 5b. 1931
Cons., 6s,'coup.--1806.. 121
Seab'fl A Ro'n'ke— 5a, 1926
Cons., 68, coup. ..1919.
1151a West. Md., 3d guar., 6s.4 >as. Trust Loan
ios'
Wil. Col.&Aug,,6a.l910.
.. 1171a
t Per share, i Last price this week.
86 >2 87
86
88
122
41
98
'
i
108
IIII4
K. City Sp'd <ft Mem..
K.C. Clint. * Sprlngf
liime R. A Ft. 8.—7s
126"
Tooeka— lat, 7a.
Trnat. R«
116
Mem. .68 1111,
A «.— 7s 116
Kans. City Law.& So.—
114
K.C. Memph. & Birm— 6s
94 »s
Kan. Clt. Bt. Jo.&C. B.— 7b 120
125
,
107"
£, C. tit. Scottife
K. C. Port Scott
169=4 i70'
,
89
Neb.—
43ia
Income, 6a
21
Consol. of Vermont—68..
43i!>
Eastern. Mass.— 6s, new..
30
140
8
88
102
Trust, 6s
Bnrl. & Mo. R. in
Exempt, 68
Non exempt, 6s
Land grant, 78
{178
BOND.S.
A.tah. dt
238
a69'<i
Ports.'.
Wlaoousin ueL craJ
T'p'a.— (Cont'd)—
Mortgage, 6s
n42
Worcester...
Summit Branch
89^4
2161a
I6I4
Ogdensb. & Lake Cham.
Old Colony
Portland .saco
89%
199
163 "a iei'
1'20
Horthem
<fe
Ask.
Bid.
Plain, 6s
132
MancIic-torA Lawrence
Norwich
Atch.
,
Connecticut & Pass
lEMteni
Preferred
Fltchburg, pref
Flint A Pere Marquette.
Preferred
Kan. C. Kt. Scott & Mem .
K. C. Memph. <t Birm. ..
loiiisvlUe Rvana. & St. L.
SECURITIES.
Ask.
Ist pref. inc. 6a. 1958..
2dpref lnc.6s. 1968....
3d pref. inc. 53, 1968...
Phil. W. <ft Bait.— Tr. o..4b
114
20
1
SECURITIES.
88S4
88-%
5
Deferred incomes, en...
i'l'gi,!
Harris. P. M't J. <ft L.—4s
Hunl'n* B. T.— 1st, 78..
2d mortg., 78
Consol. M., 6s
6.3,579,1
Boston and Fhila-
327;
Wesr,
Dei.sBd.B.— Ist, Ts.li'O.'
Easton&Amboy.raort. 58.
Klmira & Wlll'm.— 1st, 6a
134
121
105
4s, g., Ifl5«--
is, ist ser., 1922
Debenture coup., 1893.
Cons.
61
Scrip
Philnilel. Banks.*
July 21 ...
•'^
28.
Aug. 4 .
New gen.,
64 1«
29
33
60
220 Ij
Inc. 78. end., conn., '94.
Bells Gap— Cons., 68
Cam. & Arab.- M., 68, '89
Camden & At 1.— Ist M.. 7b
CatawlSfa— M. 78, 1900.
Clearflrid <& Jeff.— 1st, 68
Col. eft Cin. Mid.— let, 6s.
Connecting— 6s
Delaware —Mort., 68
Jersey City
146,177,3 10,287,0
146,892,7 10,355,3
148,438,7 10,107,1
?
Allegh. Val.— 7 3-1 n«. 'Of
llthWard.-- 150
Boston Banks.*
7fl, coup., 1911 ..
Con8.,68,g.,I.R.0.1911
Imp., 68, g.. coup., 1897
28
RAILROAD BONDS.
FifthAve.... 800
3
A
Cons.,
"s'ii^
<fe
2,070,0
0,307,5
I
Ask.
Phil.
B.— 1st M., 63...
2d, 78, c. <t r. 1893
83 12
Erie
Phlla.& Reading
.^unbury & Le-ft'iston
United Co's of N. J
West Jersey
Bid.
V
69
64
Pennsylvania
Phil.
17
6512
Haven
S.
.3,021,6
379,630,5 91,475,4 38,744,3 415,117,2, 7,65'2,2 599,603,9
379,488.6 91,113,2 39,230,4 412,909,7 7,565,2 509,387,8
381,703,6 90,587,3 39,743,2 414,320,5 7,644,0 575,711,2
July 21
" 28
,
&
-
Perkiomen— 1 st, 6s,cp.'87
5--39% Penn. A N. Y. Can.— 7 s,' 96 117
i 6314 5312 PhUa. & Erig—con.. 5s...
5
Nesquehoning Valley
Northern Central
North Pennsylvania
New York Phil. & Norf.
Deposlts.f Circ'Vn CUarin^s.
Banks.*
July 21
"^
1,790,0;
2,803,6i
4,109,8'
1,218,0'
6,885,71
80,762,7 49,666,6 381,703,6 90,687,3 39,743,2 414,3 20,
, N. Y.
Aug.
309,6
2,770,2
1,800,0 13,800,0
9,877,0
649,0
822,4
8.727,3
8,171,0
772,0
694,6 13,538,1
79,0
3,786,0
974,0 14,000,5
2,742,3
153,4
689,1 22,206,7
715,1
3,959,4
666,0
5,133,5
1,996,3
141,5
368,0
2,367,0
1,164,0
149,0
210,8
2,956,2
1,562,3
116,0
268,1
8,672,2
3,092,0 16,644,0
2,322,4 16,42.5,5
347,8
4,761,0
8,971,1
1,021,2
267,8
3,044,4
686,0 11,205,6
461,7
4,976,8
249,4
2,651,4
277,5
4,185,6
984,2 14,643,7
243,0
3,114,0
223,5
2,886,5
2,76-2,8
419,1
236,9
4,01.5,0
86.5
1,631,7
274,0
3,564,0
245,0
0,495,3
709,8
5,662,4
381,8
1,980,1
1,708,0 23,774,6
4,12.5,1 22,321,6
196,9
2,238,8
82,6
1,447,3
2,104,8 18,561,0
3,170,0
1,897,0
300.3
347,6
i,60o,o; 3,006,6
2,000,0 1,704,6 18,61'2,0
240,0
1,946,8
110,7
250,0
116,3
1,273,6
3,200,0 1,167,2 17,757,4
2,000,0
602,2
6,878,0
300,0
200,0
3,355,0
760,0
4,454,4
253,9
500,0 5,629,4 22,478,9
1,000,0
203,6
.6,310,8
300,0
116,9
1,640,0
35'2,9
250,0
2,198,2
200,0
93,0
2,410,3
750,0
216,4
2,763,2
500,0
7,810,4
517,7
100,0
661,3
3,821,1
200,0
341,3
2,507,5
200,0
344,9
2,339,7
500,0
481,4
4,210,6
300,0
161,2
2,467,4
200,0
22.5,8
2,391,3
160,0
1.412,4
239,2
300,0
408,1
3,794,6
200,0
197,1
1,916,6
600,0
139,8
2,174,0
200,0
77,4
1,710,1
3,500,0
35,5
9,994,0
300,0
Park
North River
Bast River
Total
I
1,621,5 13,020,0
l,171,li
9,677,0,
6.902,8
747,9:
1,489,5'
8,202,0|
1,907,6: 12,676,0
601,6
3,899,0
8,986,4
2,216,5
211,0
2,835,0
6,681,0 19,686,1
110,5
3,291,6
6,772,0
1,255,4
1,916,3
276,6
2,121,0
147,9
1,152,0
81,4
61'2,1
3,348,0
1,368,0
74,6
3,726,2
460,7
1,545,6 14,777,0
3,014,7 20,001,5
6,477,8
1,458,2
8,'267,0
656,3
2,549,8
289,7
760,5 10,205,7
493,4
4,598,1
200,0
700,0
1,000,0
600,0
600,0
500,0
750,0
500,0
500,0
North America
Hanover.
Irving.
Lehigh Valley
Little Schuylkill
Minehill
$
Bank ol New York...
Hanliattan Co
Mechanics'
•
-..
90
33
100
37
,50
95
California Pacific
61a
Ist mo-t., 4 "58
106
110
2d mort., guar
106
110
f hie. Bull. A No.— Stock.
44
60
Chic. <fc Atl.— Ben., Ir rec.
7
8
Chic. Gas Trust
32 7« 331a
Den.
Rio or. W.— St'k
13
141a
Dul. S. Shore A At.— Stk.
5
8
,
A
Pref
lat mortgage,
New 1st 68
tr.
tr. rec.
rec
V
'22 iv
0.
100
1.7
Mt.Des.it East Sh.Ld.Co. 2-12
Nowi). N. & Mias. Via....
'2
N.Y. V.-.S.A Buff
N. Y. & Green'd Lake, 1st 26
N. Y Mutual Tel
N. Y. A Northern
Pref
5
96 14
10
'20
2-25
Oh
'26
8
97<
la
22,
103
Ocean .Steam.Cc.lst guar. 102
Pensacola A Atlantic
5
Port Roval* Aug.— Ist.-- 100
lucoiiies -.
33
Ricli. York Riv. A Ches-- 90
St. iosBih A Grand Isl..
14
24
20
22
12
14
108% 108
2d8
*4
48
Pref
Htiuderson Bridge— St'k.
100
St. PaulB.&Gr.Tr.,l»t66
Kanawha A Ohio
21^ Tol. A. A. & N. Mich
1st pref
Toledo A Ohio Central
7
2d pref
5
fref
Isttfa
78
Toledo Peoria & West...
Kan.Olty AOmaha
10
8
Vicksb. A Meridian-l8t.
Koely Motor
6
8
2d mort
Lehigh A Wilkes Coal... 18
22
Mahoning Coal RB
37
40
St. ok, pref
88
Mav. Nnt.Construct.'n Co. 27
27% West. rn. Tel., coll.tr. 6a.
Bast & West RB. of Ala.
Fia.R'yA Nav.Co.,consol.
eoigia Pac— stock
8
37% 39
le"
98'
20
35
17
100
25^
""'
20
78
70
00
40
4
I4
93
96
96% 97
.
August
1
1
THE CHKONIf^LP.
11, 1888.J
167
Kamingi Jt«portat.
Latetl
Juucsttnciit
Jan. 1
ROAJ>R.
Weekor^o]
AND
1888.
(o Laletl Dale.
1887.
1888.
1887.
88,626
443,903
167,715
106,072
402441
III
K. C.Wy. A N. W. 2a
wk Julr
Kentucky Ceot Juno
Keokuk A West. 3(1 wk July
Kluk'sfn A Pern. 4thwkJuly
Knoxv. A Ohio .May
Lake K. A West IthwkJuly
The Investors' Supplement, a pamphlet of 133 pagen^ LehlithAIIud.. Ijiily
..
oontains extended tables of the Funded Debt of States and LohAWIlli.Coal ;juuo.
L. Kook A Mom 3d wk July
Cities and of the Stocks and Bonds of Railroads and other Lonir Island
!Jnly
Companies. It is publuhed on the last Saturday of every La.A Mo. RIv... Aiu-ll
Louls.Ev. AHt.L. IthwkJulv
other month viz., January, March, May, July, Septem- Loulsv.A.N'ashv. lUnvkJulv
A Chlc.llthwkJuly
ber and November, and is furnished without extra charge Lou.N.A.
Louisv. N.O. AT. iKt wk Aug
to all regular subscribers of the Chronicle.
Extra copies Lykcns Valley. !juiio
>Iar.(^ol.A Nor'nJuno
are sold to subscribers of the Chroniclb at 50 cents each, Memphis AChaa. 4thwkJnIy
Mexican (;ent IthwkJuly
and to others at $1 per copy.
—
!
7,040
70,872
4,706
6,410
.38,132
8,4''4
5,805
34,309
60,951
60,1,59
24,018
692,-06
9,637
433,727
36,182
18,390
430,08 ^
59,934
35,524
83.) 88
5,880
22,331
007.017
12.925
410,717
48.370
22.002
438,299
82,805
21,426
58.622
6.596
38.742
104,390
33,.'S93
19H,.566
1,097,406
137,845
4,653,678
303,146
1,818,202
134,942
814,883
8,911.818
1,195,476
106,276
87,977
174.201
1,113,.M)S-
142,0603,880..503
399,882>
l,73e,22<v
180.03»
549,280
8,74.'?,027
1,221,655
1,054.952
1,294,9!>I
525,425
40.091
891,262
3,200,138
2»6,349
27,906
885,031>
172.879
2,692,157
46,543
163,035 136,096 1,1.52,145
888,i2»
81,451
64,319 2.200.394 2,018.807
I%e General Quotations of Stocks and Bonds, occupying MU.L.Sh.AWest 1st wk Auk
68,520
74.040 1,534.044 1,816.749
28,625
23,9(J8
583.040
six pages of the Chronicle, are now published on the Milwaukee A No. IthwkJuly
520.294
Mlnneap.ASt.L. Juno
114,339 113,450
0;G,351 , 728.970
third Saturday of each month,
Mobile A Ohio
July
174,321
170,054 1,364,.503' 1,321,019
Nush.Cli.AStL. Juno .....
228,181 211,071 1,400.0151 1,4.54,280
N,ilehezJae.AC July
10,090
11,540
82.0241
87,.565
New Brunswick May
67,530
50,225
321.067
285,754
N.Y.Ccn.AII.R.ijulv
2,850,191 2,770,198 10,472,8241 19,504,023
N.Y. L. K. A W.. June
2,282,194 2,252,538 12,846,611 12,498,582
545,666 430.911
Latttt Samingt ReporUd.
Jan. 1 to LateMl Dale. N.Y.PcnnAOhlo May
N.Y.ANewEuK. Juno
450,079 400,598 2,441,775 2,34i',007
ROiJ>».
N.
Y.
Northern
A
I st wk Aug
12,611
12.126
WetkorMo 1888
1887.
1888.
1887.
N.Y. Out. AW... 4thwkJuly
818",.54'2
54,690
48,721
923,731
N.Y.
Phila.AN'k
Juno
.....
74,015
312,091
266,736
9t
113,639 10(J,281
650,036
616,701
Alleglienr Val. .fiine
170,884 165,252
960,049
944,431 N.Y.Sus.A W... Juno
Norfolk A West IthwkJuly
84,007
73,444 2,696,542 2,182.091
At<>h. T. A 8. Fo. May
1,2.^8.068 1,S53,71S 5,838,162 7,549,750
43,041
33,006
Atlanta A ('liar. June
82.K46
341,801
280.878
84,140
624,933
505,786 N'tlica.stm (S.C.) June
Northern C'ent'l. Juno
551,260 554.404 2,000,143 3.081,593
Atlanta .t\V. PI.. Jiiuo
24,535
23.784
196,147
1 83,325
Northern PaciHc Istwk Aiir 373.532 291,007 9.388,885 6,041,636
Atlantic; .t I'nc. ItUwkJuly
52.,'>45 1,561,963 1,582,524
67,M51
Ohio A -Miss
Ithw kJiily
77,710
B..V:O.East.I,incs.Inno ..
85,160 2,024,033 2,214,016
1,.336,678 1,278.081
Ohio River
Itliwkjuly
10,042
Western Lines. .Tune
166,916
9,317
236,203
374,401 363,315
Ohio
Southern.
.Inly
35,550
Total
'June ..
41,908
311,406
1,711,1.79 1,641,396
302.323
32,699
210,032
Bait. A Potoinue. June ..
133.869 122,797
31,148;
187,174
745,431
701,391 C)aialia A .St. L. .luiio
452,154 303,733 2,0-<6,414 1,466,394
Bcocli Creek
.lune ..
67,050
59,637
474,301
361,350 Oregon Imp. Co .May
51.5,100 414,73 1! 2,777,281 2,280,909
Biill.Roeh.A Pitt IstwkAuK
36,M.'i
43,771 1,122,882 1,204,162 Oreg. R. A N. Co. Juno
241,000 150,000
Bnr.C.Rap.AN.). July
741,000
li)«,849
910,000
202,163; 1,447 530 1,574,634 Oreg. Short Lino May
5,080,400 4,011,858,27,858,108 20,370,724
Cairo V. A t'hic itliwkjuly
'2i,-'\0
17,772!
300,101
413,725 Pennsylvania. .. June
10,787
Cal. goutlieni ..
ItliwkJuly
27,533
22,623 1,(21,326
12,603l
839,771 PeoriaDec.AEv. latwkjuly
.Tuno
37,291
tCannlen A Atl'<- June
29,873
184,20*
222,580
08,02ti
253,010
61,123i
243,268 Petersburg
lime
431,172 307,583 1,898,174 1,864.401
Canadian PaolHettlnvkJuly 348,000 327.000; 6,960,:<!0 5,786,1102 Phlla. A Erie
Phila.
A
Read'
g.
June
1,840.9'^5
10,154,498
1,775,012
Cp.F-rAYad.Val July
9,157.594
25.047
19,429
176,425
142,760
CoalAIronCo. June
1,000,413 1,005,762 6,6C-'».2O0 7,646,046
Carolina Cent.. Juno
29,8-5
28,070'
245,017
231,745
Tot. both Go's..' June
3,831,308 3,381,674 15,81b,o03 17,800,543
Cen.RR.&Bg.Co.Juno
462,815 392,511! 3,220,035 2,710,500
16,762
Centml Iowa
4tUwkJuly
29,527
23,837'
748,255
716,510 Pitt.Shen.AL.E.M.ay
Central of N.J. Juno
55.883
50,098 1,081,445 1,085,837
1,074,180 988,157 5,756,047 5,281,480 Pitts. A West'm IthwkJuly
Central Paelllc .iMay
18,629
16,125
168,590
1,292,.' OS
99l,140| 5,969,184 4,715,502 P'rtRoy.alAAug.'jiino
173,734
W.Car.
Pt.
R'al
A
June..
Central of S. C.IJune
16,925
136,723
14,40
5,931
156,879
6,931
51,208
41,641
Charlcst'n ASav June ......
53,820
57,392
281,061
38,888
35,100,
280,918
300,385
262,020 Rlch.AAIIegh'y.'Juno
RAW.P.Tcr.Co-l
Cheraw A l>arl Mune ......
3,769
3,468
37,607
34,753
Rich. A Danv. UthwkJuly
Oties.O. &S. W.. Juno
80,5.50
76,750 2,561,293 2,288,069
143,249 144.446!
912,899
825,707
Va. Mid. Div.. Utliwk.Iiily
Clies. .t Ohio.... [July
42,100
873.949
20,850
376,453 380,081, 2,525,006 2,449,193
980,643
C. C. A A. Div. '4thwkJiily
F.lU.Ixjx.&B.S.IApril
16,050
4H3,134
434,044
12,525
78,584'
66,(>37
304,570
305,293
Col.
A
Gr.
Div.
10,0ft0
Cheshire
IthwkJuly;
jMay
274,535
7,600
48,320
325,420
52,189,
215,672
240,948
West. N. C. Div 4thwkjiily
13,6"
Chcs. & Lenoir. June
14,050
385.051
3 5 6, V 26
4,742
4,428
38,400
30.044
W. O. A W.Div. 4thwkJnly
Cliic. AAtlantle.ilstwk Aug
2,850
58,045
2,C00
62,323
40,346
43,850! 1,276,040 1,252,301
Ash. A Sp. Div. 4thwkJiily
Chle.Burl. & No. June
2,025
30,117
2,125
57.767
705,362 1,270,28"
1Z4,004 202.637!
Total
all
....
Chle.Burl.AQ June
4thwkJuly
174.575
4,341,810
144,525 4.826.806
1,953,934 2,140,833 0,975,966 13,276,106
Chic. & East. ril.!4th\vkjuly
114,434
23,443
20,039
132,225
45,004
41,280 1,138,808, 1,115,197 Rich. A Petcrs'g June
Chic. &. fnil. Coal Ist wk .\ue
261,617 235,2.11 1,201,290 1,113,574
8,930
7,310;
288,6371
210,806 RomoW. AOg.. May
Chic. Mil. .% St.P.' St wk Aug
30,803
38.337
980.000 1,026,598
469,000 423,768 12,"45,000 13,463,695 1ISt.L.Alt. AT.U. 2d wk July
Branches
494, 1 72
Chic, it N'thw'n iJiine
4tUwkJuly
23,550
22.829
408.572
2,286,074 2,160,218 1 1,477,426! 11,790,837
Chic. A (>h. Riv. July
76,000
61.334 1,452,462 1,200,95,5
3,353
5,433,
25,7531
37,167 St.L.Ark.ATex. 4thwkjuly
St.L.
8aii
Fran.
A
ChlcSt.P. &K.C. July
4
thwkjiily
163,319
180,385 2,082,532 3,256.276
180,271
706,047
120.650 l,13i;,:61,
Chlc.St.P.M.AO.Juuo
175,510 161,272
.561 .680
550,218: 2,791,267! 2,903,001 8t.PaulADulutli July
Chic. A W. Mieh. JtlnvkJulv
"81,192 St.P.Min. A Man. July
825,268 621,315 4,918,371 4,067,463
34. 167
33,024
791,027!
Clu.lnil.8t.l,.A:C. Mav ....
80,910
241,479
56,613
215,713 217,707 1,042,150 1,068,001 S.Ant.AAr.Pass.iJiiIy
533,271
;.Juiio
Cln.Jack. A Mac. 4 thwkJul v
49,713
63,41-9
312,185
3»4,oil
10,800
14,148,
276,544
237,772 Scioto Valley
Seab'iil A Roan Juno
Oln. N. O. AT. P. ItlnvkJulv
41,403
280,676
ll(i,0,->8
94.18.-1 2,010,665 1,839,18-!
41,072
319,557
Ala.Ot..South. til wk July
16.107
4(1,100
43,243
856,601
830,893 .8. attle L S.A E July..
N. Orl. A N. !•; lihwkJuly
72,000
71,690
467,213
20,501
46r,.562
19.302
361,132 SlienandoahVal. July.
472,331!
Vick.sli. AMer. Itliwkjuly
63,950
12.I>:J0
532,155
61,618
12,7921
274,748 South Carolina.. Juno
593,703
251,6.=.6i
Vicks. Sh. A P. ItliwkJiili
1 •<,333
271,443 8o. PaciUc Co.—
13,345;
271,822
Gal.Uar.AS.A. .Tunc.
Erlaiii,'urHv8t IthwkJuly
295,252 215,713 1,854,571 1.558,983
226,612 183,167' 3,893.165 3,576,404
Louis'a West-. Juno.
Cln.Rleh.AFt.\V.|lthwkJuIy
71,080
0,508
6^,718
12,874,
228,405
445,296 , 381,876
226,820
Morgan's LAT, June
Ctn. 8el. A lMob..ljune
289,523 295,023 2,437,512 1,942,019
7,174l
7,3831
49,^91
46,225
N.Y.T.AMex. Juno.
Cin. A .SpriUKM June
_
9,019
96,293
530,852
11,774
92,516
98,432
52,655
548.987
Cln.Waaii..V:l!alt. IthwkJuly
Tc.x.A.\.Orl..;june
104,412
579,125
52,294
90,105
59,258 1,140,739 1,173.763
664,248
Atlau'e system '.Time
Oley.Akron ACol :f(l wk July
771,095 687.333 5.454,277 4.544,517
11,162
11,253
331,735
298,857
Clev. A Caulon .luue
130,500 121,308
34,253
478,016
30,141
172,.503 Stateuls. Riip.Ti:July
508,434
184,450
Clev.Col.C.AIuu Juno
103,728
318,194 329,956 1,920.861 1,964,532 Suinniitlirauch Juno
107,867
575,510
705,197
WholesvHteiu. July
Juno
28,273
556,032 645,722! 4,056,742 4,176,500 SutroTuunel
20,108
138,415
162,842
Texas
Clev. A Marietta 4tliwkJulv
A
Pacillc.
IthwkJuly
165,231
7,.54I
142,448
3,006,235
5,940
167,581
3,340,835
155,533
..."
Color. Midland.. July
Tol.A.A.AN.M'h IthwkJuly
16,841
120,88.
12,635
277,769
346,040
733,573
Col. ACln. Mid 4thwkJuly
"8;367
33,168
10,800
26,766
551,024
172,789 Tol. A Ohio Cent. IthwkJuly
642,225
187,072
Col.Ilock. V. A T. ithwkJulv
16,6961
71,858
22,328
510,733
61,139 1,585,715 1,493,007 Tol. P. AWest.. IthwkJuly
476,241
Denv. A Rio Gr 1st wk \\\V 159,0U0 162,000 4,365,464 4,305,706 Uuiou Paclfle... Juno
2,483,268 ;2,506;828 13,403,370 13,021,893
Deny. A R. G. \V. Uhwkjulvj
33,42.j
54,6141
351,187
44,162
372,085
31,22.5
574,704 VaUeyof Ohio.. July
701,487
Den. Tex. AGuU. [June
Wab. Western... 4thwkJuly 179,713 203,444 3,054,385 3,475,603
3H,231
157,553
Det.BayC.AAlp.'Hd wk July!
12,129
533,014 548,670 2,405,620 2,542,902
ii',438
26f,627
25i',3si Wab., E. of Miss May
Det.Laii.s'K A No. 4 IhwkJulv
2t,50u
95,500
634,402 WeatN. Y.APa. 4thwk,luly
81,100 1,688,862 1,487,094
27,250
536,358
Duluth.'*..S.AAtl. l.stwkJunV
32.133
29,271
35,000
218,370
30,421
401,760 Western of Ala. June
226,800
448,105
E.Tenn.Va.AGa.
wk Julv 104,2641 97,036 2,943,704 2,672,847 1 West Jersey
150,6;f6
June
130,707
600,510
665,972
Erana.A [iid'i>li.« UhwkJiir\
7.5SH
6,2ii5
62,636
126,530 W.V.Ccu.APUts. Juno
28,062
157,509
290,710
126,052!
Evausv. A T. II. IthwkJulV
26.517
23,131
19,462
406,064
414,734
26,618
475,247 Wheeling A L.E. 4thwkjuly
462,9181
Flint A P. Marg. 4th\vkJuly;
4."i,580
58,960
50,349
350.387
66,233 1,414,4601 1,487.878 Wil. Col. A Aug Jill e
300,887
Fla.R.ANav.Co. ItlnvkJulvi
21.620'
115,601
142,712 2,016.737 1,997,340
18,542
603,622 aWiscousin Cen. IthwkJuly
616,031!
Ft.W.AOeu.rity ::d wk Jnivl
26,5001
18,257
341,230
497,0841
nvhnle syijt'iij. :Jdwk Juu'c]
40,5901
Mexican ourrenoy.
J And branches.
GeorKia Paeillc llhwkjulv!
22,184
'i'l.iio
612,013
695,015
Includes whole system from Fort Worth to Denver, but not earnings
Gr. Rail. A Ind... 4lhwkJurv
74,3.15,
87,076 1,277,843; l,3o;,633 on joint track— Pueblo to Trinidad,
Other lines. ...IthwkJuly!
5.763
85,40:'
114,,508l
4,749
V Including Indianapolis A St, LooU,
Grand Trunk
Wk J uly as 375,6321 400,735 0,754.738 10,582,584
OullCol.AS.Fe.lMiy
a All lines incl itded.
224,105! 155,395
89.>.24ii
9'.5,019|
IIouH.ATcx.Cen. :(d wk July
45, 136
53,640 1,127,893 1,182,63
Huuie.tt'uAShen June
Latest tiroDS Earningrs by Weekg.—The latest weekly
13.300
60,81-,1
11,587
70,908
ni.Cen.'IU t So) July
886,1)42
883,366 6,440,022 6,187,473 earnings in the foregoing table are separately summed ap
Cedar A .Mm. July
8,7:6
8.005
67,304
52,1961
Duli.a.SlmnC.IJuly
67,184
61.444
438,552 as follows:
413,8521
la. Kails AS. C. July
55.467
52,72.7
3.'i5,025
431,208,
The exhibit of earninf^s for the fourth week of July is
Ind.l>ec.AWest ,Jnlv
...
27,293
39.220
i33,61:j
184,159;
Ind. A St. Louis -Jd wk July
30.893
38,337
980,0001 1,020.508 quite eatibfacccry, since, while there are a good many lex ses,
Kanawha A ()hlol4thwkJulvl
6,612
5,3.i0
89,036
140,253
K.C.Ft.8.AMem. Hd wk July
G9.0N7
91,433 2,230,992' 2,546,1 si; the gains cocsiderably more than offset them, learinfc an inKan. C. CI. A 8p. :id wk July
3,069
4,202
130,394'
135,905
crease in the aggregate of 6-11 par cent.
Guiid'Jara Br.. ,Iuly
•Mcx. N. (alllnsi Jiiuo
•Mexican R.allwv Wk July 21
,
RAILROAD EARNINGS.
.
.
;
'
.
1
1
:
I
'
"
!
.".
,
1
.
!
.
.
I
."
I
M
'
.
I
. . .
;
I'
i
.
I
!
'
—
6
.,
— 168
THE CHRONICLE.
1887.
1888.
ilh week of July.
Increase.
Atlantic
Buffalo Koch. & Pittsliurg.
Burl. C. E. A: Nortlieni..
Cairo Vin. & Chlo.
California Soiitlicrn
50,12!)
64,237
22,210
27.533
348,000
29,527
50,183
45,004
11,610
—
Canadian Pacinc
Central Iowa
Atlantic
ChicaKO & East. Ills
Clilcapo & Ind. Coal
Cliicatro Mil. & St. Paul...
CUcaco
ik
59.^,000
34.167
16,800
110,958
49,100
West Mich
&'
Cincinnati .laclc. €& Mack
Cln. N. O. & Texas Pao...
Alabama
Gt.
Orlo.ins
Sonthem
& N. E...
Vlch8l)urK & Meridian.
Vlckfiburs Shrev. & Pac.
Cln. Rich. & F.
Cln. Wash. &. Bait
New
W
ClCTcland
& Marietta
29..591
12,630
18,333
9,508
52.294
—
7,.541
10,800
71.858
212,750
33,420
24,500
7,588
26,517
58,960
21,620
22,184
74,395
Midland
ik Toledo ....
Kio Grande...
Col. &Cin.
Col. H. Val
Denver &
Denver & Is. Grande West
Detroit Lans. & North...
Evausville & Indianap...
Evansville & T.
Flint & Pere Marquette.
Florida Ry. <fe Nav
H
Georgia Pacific
Grand Rapids & Indiana.
5,763
Other lines
375,632
6,642
6,419
60.951
18,390
430,* 85
59,934
41,769
33.593
172,879
92,270
28,525
Grand Trunk of Canada.
Kanawha & Ohio
Klnfnton& Pemhroke...
I«keErie A AVestcm
Louisv. Evans. & St. L...
liOuisvilf ifeNachviUe
touisvllli- N. Alb. & Chic.
l/oulsvllle N. O & Texas.
Menipliis A Ctiarleston. .
Mexican Central
MUwaukee L. 8h. & West.
Milwaukee & Northern...
New York & Northern
New York Ont. & West.
Ohio & Mississippi
Ohio River
Pittsliurg <k Western
Kiehmond & DanviUe
Virginia Mid. Div
Char. C. & A. Div
Col.
&
Gr. Div...
West North Car. Div...
Wash. O. &W. Div
Ash. & Spar. Div
St. L. Alt. <k T.
6t. Louis Ark.
Louis
6t.
Texas
&
Si
2,850
2,925
23.550
76,990
163,319
H. Brchs..
Texas...
&
San I'ran
Pacific
1('5,231
Toledo A. A. & No. Mich..
Toledo & Ohio Central....
Tol. Peoria & Western
Wabash Western
Western N. Y'. & Penn
Wheeling & Lake Ene
Wisconsin Central
16.841
33.168
16,696
179,713
Total (70 roads)
Net increase
*
(0-11 p.
Tol.
4,910
2l,0O0
5,690
—
1887
16,702
7,052
AND FISCAL TEAK.
June,
,— July \ to June 30.—
1887-8. 1886-7.
1888.
1887.
.
,
162
Soad.
Tol. & Ohio Central. Gross.
Net..
Jtoad.
2,233
10,719
8^1,407
81,577
78,833 1,167,577
316,019
7,495
16,371
394,697
^Oct.\ to Tune 30. ->
June.
1887-8.
1886-7.
1888.
1887.
.
1,601
Wash. Ohio
&
West. Grops.
8,762
Net..
2,901
4,785
8,578
1,933
68,124
19,105
71,476
5,9/5
800
ANNUAL REPORTS.
2,750
1,383
"ioi
Chicago & Northwestern Railway.
(For the year ending May 31, 1888.^
7,273
3,078
1,074
12,081
1,014
25,103
1,292
554
792
7,199
5,149
68,480
report.just issued, for the fiscil year ending May
that the combined results from the operations of the year are as follows: Net surplus of the Chicago
Northwestern Railway Company, $1,309,099; net surplus of
the Trans-Missouri River lines, $106,199, and the net receipts
from the Land Department, $491,613, making the aggregate
surplus from all these sources, $1,906,911.
Tlie percentage of operating expenses to gross eamicgs,
including taxes, was 62 44-100 per cent, as against 57 26-100 in
the preceding year.
The total mileage at the close of the year was 4,211 miles.
The added mileage since last year (including a fractional correction of distance) is 109'35 miles, made up of 41-45 miles
from Faulkton to Gettjsburjr, and 14 46 miles from Verdon
to Groton, both on the Dakota Cential line; 35'16 miles from
Iron River to Watersmeet, on the Iron River Railway in
Michigan; 3-32 miles in Michigan to the Dunn Iron Mines; 9
miles from Kingsley to Moville, on the Sioux Valley Branch,
Iowa, and 5 96 miles from Beverly to Otis, in Linn County,
The three short lines last named, and the Bjone
Iowa.
Branch to the coal banks in Iowa, heretofore entitled "The
The annual
31, 1886, states
&
3.012
8,214
2,871
'7,890
4.617
1.691
5,969
11,553
145,762
7,441
1,625
5,785
9,800
12,250
3,525
2,4.50
375
850
800
721
Iowa Railway Coal & Manufacturing Company," have been
taken up into the mileage of the Chicago & Northwestern
15,656
26,066
22,783
4,206
6,102
14,400
3,669
Railway Company since the last report.
A comparison of results with thcss of the previous year
passenger earnings of
shows that there was an iticrease
5,f32 $1.59,470; an increase in exprefs earnings of $13,221, in mail
23,731
earnings, $69,270, in miscellaneous receipts, $45,967; and a
m
27.021
518,399
315,721
202,678
,
1888.
222,148 217,446 1 ,248,681
52,748
26,819
239,226
Central Iowa...
106,620
92,614
643,379
5,0s9 df. 16,284
38,512
143,249 144,446
Ches. Ohio So.&West.Gross.
912,899
Nee.
41,825
55,235
287,525
Gross.
CUlc. Burl. <fe Nor
174,004 202,637
795,362
Net..
29,121
56,255
33,018
Chlo. BurL &, Quincy.Gross. 1,953,934 2,140,«33 9 ,975,966
Net..
354,601 861,517 1 ,293,431
Dot. Bay C'y & Ali>ena Gross.
46,590
49,407
233,461
Net..
19,167
22,606
91,484
Gross.
Kentucky Central
79,872
88,626
443,963
Net..
32,331
37,932
152,619
Mexican National .... Gross. 163,035 136,096 1, 152,145
Net.. df. 49,786
10,821 df. 128,077
Ohio River
Gross.
44,183
27,472
19«,263
Net..
19,070
11,105
76,848
Oregon Imp. Co
Net..
71,799
95,019
511,996
San Ant.&Aran. Pass. Gross.
94,459
38,786
450,242
Net..
36,213
14,744
147,161
Gross.
Scioto Valley
49,718
63,489
312,155
Net..
7,028
8,317
50,990
Net..
Morgan's La. &Tex. Gross.
Net..
N. Y. Tex. &, Mex...c:roF8
Net..
L. Erie. Gross.
Net..
3,366
6,964
Net..
Gross.
Net..
Louieiana Western. Gross.
&
4,986
& NoGro's.
So. Pacific Co.—
Gal. Har. San Ant .Gross.
Net..
664,248
579,125
164,818
249,579
5,454,277 4,544,517
1,500,210
922,685
470,760
553,151
145,548
167,228
Jan. 1 to May 31
1887.
1888.
104,412
15,603
771,095
177,914
81,577
7,495
-Hay.
1888.
5,8.5'
returns for each road being published here as soon as received,
but not kept standing from week to week. The first statement includes all roads for the latest month and from January 1, 1888; following that we give the totals for the fiscal
year on those companies whose fiscal year does not correspond
with the calendar year.
MONTH jkJ,T) CALENDAR TEAK.
June.
^Jan. 1 to June 30.~
1887.
Net..
Central. Gross.
Not..
MONTH
For week ending Julv 28.
1888.
& Ohio
Pitts. 8h.
Net Earnings Hontbly to Latest Dates.— The tables following show the latest net earnings reported this week, the
Hoads.
Burl. Ced. Rap.
>-Jan. 1 to June 30.—
1888.
1887.
.
1887.
Road.
10,289
c.)
•
Gross.
Net..
10,281
3,715
1,390
41,740
243
2.652
22,473
23,9(18
5,164,619
...
& New Or...
Tol. Atlantic Syst. .Gross.
"4,438
18,542
21.110
87,076
4,749
400,735
5,350
5,865
60,159
22.002
438,299
62,805
34.670
38,742
104,399
100,160
5,480,34r
,
9,489
1,296
66.2.33
95,500
23,131
115,691
54,690
84,99
539,640
77,719
10,942
55,«83
66,550
42,100
16,050
10,050
14,050
.
Texas
11,806
52.545
59,618
65,533
17,772
22.623
327.000
23.837
60,464
41.289
10,220
551,260
33,924
14,148
94,485
43,243
19,302
12,792
13,345
12,874
59.258
5,940
8.567
61,139
217,535
34,225
27,250
6,205
26,618
17,218
48,721
73,444
393,878
85,160
9,317
50,098
76,750
29,850
12,525
7,600
13,675
2,000
2,125
22,829
61,334
189,385
142,448
12,635
26.766
22,328
203,444
81,100
19,462
142,712
18,90i'
Norfolk & Western
Northen) Paciflo
June.
1888.
XLVII,
Soads.
67,351
Pacific
[Vol.
Deereate.
s
&
ChicivKo
»^.
295,252 215,713 l,854,.57l
73.740
34,785
442,357
71,989
65,718
445,296
34.528
31,259
208,136
289,523 295,023 2.437,512
59,711
60,655
717,398
9,919
11,774
52.655
def. 6,660 def. 674 def. 32,499
1887.
1,372,471
319,702
616,5'
9,082
823,799
294,659
1,270,285
331,575
13,276,106
5,994,979
218.709
105,084
4f2,441
169,415
888,129
141,508
129,647
44.875
429,523
decrease in freight earnings of $210,686; miking the gross
gain from all theaa sources for the year, $376 243. The decrease in freight earnings arises wholly from the lower average
rate received for transporta' ion of freight, the tonnage being
greater than in any former year, and the price obtained for it
The additional service that was performed, mostly in
less.
the greater movement of freight and passengers, increased
operating expenses by the amount of $1,556,840, or 10 84-100
per cent.
No change occurred in the amount of capital stock during
the year; the total is $63,700,820, of which common stock and
scrip, owned by the company, is $10,007,476.
Bonds were issued for constructing and equipping the new
lines as follows: Chicago & Northwestern Railway 4 per cent
extension bonds to the amount of $3,821,000, for account o£
Missouri Valley Railroad, and $500,000
the Fremont BIkhorn
for acccuDt of the Wyoming Central Riilway, in exchange
NorthAlso, Chicago
for their first mortgage bonds.
western Railway Company 4 per cent extension bonds, issued
for account of the following-named companies, whose first
mortgage bonds of same amount were receivfd and deposited
with the trustee, viz.: Dakota Central Railway, $840,000;
Ir<n River Railway, $630,000; Sioux Valley Railway, $162,000;
Lit n County Riilway, $100,01)0; making the total issue of 4
per cents, $6,053,000.
The following is a synopsis of the funded debt and purposes
&
&
for
1,.558,983
200,640
381.878
168,810
1,942,019
301,293
82,516
2,362
it
was
is.»ued:
& Mi.s.souri Vailev aud Wyoming Central railroads, issued iu excliaugi- for their bonds
Debenture lionds in purchase of C. St. Paul Miuu. &
Omaha Railway Company's stock.
Debenture bonds in puixrhaso of F. E. &, Mo. Valley K. E.
Company's stock
Live bonds in siulcing funds
,
Total on
18).8':6
82,320
354,011
67,830
which
Bonds outstandinsr lor road and equipi!cnt
$80,112,500
Four per ceut bonds for constnictioii of Fremont Elkhorn,
May
31,
1888
10,093,000
10,000,000
1,966,500
1,261,500
$103,433,500
EXPENDITURES FOR CONSTRUCTION AND EQUIPMENT.
Of expenses on this account the report says: " This class of
expenditures is ever recurring with each succeeding year, and
originate and expand with the system, and should be met, as
far as possible, from the average yearly surplus that the company should be permitted to earn from reasonable charges for
payment
of operating, fixed oharg. s and
these items shows that there was
expended, for 48 miles of new side track the pum of $264,912;
for construction and improvement of buildings, $376,869; for
\t*
business, after
dividend.^.
A summary of
:
.
AuoosT U,
THE CHRONICLE.
1888.J
(cost of new over old),
road erossinKS. signs, yarde, &c., $41,811;
for conBttuction of t^lPK^ll()ll, $11,783; tor right of way,
Btation and yard facilities, $115 230; for grading, ballastiuK
and ditcliinif, $3,t*H4: -trd for account of building new ore
dock at Edcanaba, $318,U70. Totnl of miRcellnneouB construcThe further eutn of $133,237 was paid for
tion, $1,057,238.
J)roperty for account of the Westfrn and the Pioneer town
ot companies and the Conaoltdation Coal Company, the same
being owned by this compa'iy. For purposes of general construction on the company's lines, the amount of $i.HS,953 was
expended as follows: For completion of L'nn County Uailway, $133,078; for completion of Sioux Val'ey Railway,
$125,129; for extension to Dunn Iron Mines, $31,74."); and for
lin track upon several divisions
the construction of eecond
of the ro:id. r. e., between La Fox and Fulton, Bvanston and
liSkeside, Bay View and Milwaukee, and for the work of
double tracking in pmgress between Luzerne and Belle
Plaine, the sum of $471,(5()7,
For expenditures for account of construction of the railroads of the following-named companies:
For nocouDt of the Dnkota Central Railway
?516,.')^4
•'
"
"
Inm Kiver Knihvar
409,!l(i.S
oonfitructlon
o'
169
OENERAL BALANCE AT CUM! Or BAOH FUOAL TIAB.
jxrmanent bridKes,
$12r),IL'!l; fi>r fiincen,
m
"
"
"
"
"
Iron KaiiKe
"
"
"
"
"
"
I'rinct'tou Ji
U
llway
397,933
Western Railway
Lake fieneva A- State I.iuo Railway
NoiMieru lllluois Railway
!>7ii
1885-86.
Atsris —
I'lilo. ft
N.W. -Road
A eqiUp.
do
Otiier oonipunltts
Bonds owiumI
.,
Stocks owned
(.and grant Investmenta
Kills and aecoants ruceivable
Materials, fuel,
1886-87.
1887-89,
•
$
9
'lolqlilSw } "*4.181,050 1IU8,372,06»
934,482
6.082,295
12,282,1«0
230,000
1,757,952
18,2- 2.1 59
714.000
1,1-26,231
4o
2,000 734
2.932.848
4,239,176
Cash on hand
Tnutoos of sinking fund
•10,3 21,015
(12,467, ISO
253,000
1,846,520
2,455,299
3,6K9.0g»
4.438.177
3,000,1.73
4,211.036
4,320,175
Total
$183,759,528 $176,048,646 $183,822,822
Liabililies—
common
Stock,
$41,374,806 $11,374,866 ;$41,.374,865
Htook. proferred
22,325.454
22.325.454
22.325,454
Stocks of propriet'ry roads.Ao
11,230.000
11674. l-<3
11663.983
Bonded dilit
90,S11,.500
97,334,.500 103.433,500
Ulvld'ds declared, not yet due
1,3:11,600
1,331.600
1,331,509
Sinking fluids paid
4,2.39,175
4,320,175
4,433,175
CurriMit liliis. pav-rolls. &o....
2,251.206
2,721,869
2,050,770
Uncollected coupons, <Sto
140,762
135,506
122,860
Diietoroailsin Iowa
31,044
316,814
790,965
Bonds unsold. *0
37,000
37,000
Note of Consol. Coal Co
12.5,000
125,000
125.000
II
Accrued interest not due
703,525
Miscellaneous
120,000
3.191,071
11.144,326
Land Income account
BallToad Income account
1,473,536
120,000
714,104
1,552,796
115.209
1.138,546
112,994,539
114,303,639-
94,852
14,0U
Total for the above companies
$1,433,493
Total
$138,759,529 $176,048,646 $183,822,322
& M.
Includes F. E.
*
V. consols and
Wyoming Central RR.
Ists o-srned
pledgel as collateral for evtenslon 48 of 1836, $10,093,000.
P For new rolling Btock, ccnsii ting of 81 locomotive engines andIncludis
Chic. 8t. P. M. & O. stock, •(!10,3l5,6.o9; F. E. A; M. V. RR.
and l,t>i)7 cars of various kinds, and equipping fast freight stock. $1,906,500. Also owns C. A .V. W. common stock. $10,007,476,
t
linec, &c.. the sum of $1,135,415.
The total amo.int expended for all these purposes during
the year waa $4,520,0U7, less $309,000 deductad for premiums
on securities and other construiition oreii's, leaving the
aggregate net expenditure to be $4,211,006 for construction
and equipment.
With the exception of works now rapidly nearing c impletioD, and those in band soon to be finished by the Fremont
Elkhorn & Missouri Valley Company, the Chicago & Northwest Company has not undei taken nor favored any new lines,
nor has it any engagements in the future requii lag the expenditure of a large amount of captal for the construction of
new
railroads.
L^ND DEPARTMENT.
The Land Commissioner'a Report shows that
68,101 acras
pi efi Tied stock, i?2.284, included on other side of the account.
^
t Including $10,007,476 oonmiou stook and .$2,284 preferred stuolc In
comiiany's trea8ur.v.
luolnding Uve bonds in sinking funds, which amounted May 31, 1888.
to *1. 261. .500.
II The capitfll stocks of eleven difTerent proprietary companies were in
former yea s brought forward at their par value, but arc now entered
at thinr estimated v.ilue with refereueo to cost, and the stated cost of
the properties corrcspoudiugly rcilnced.
and
'
II
TRANS-MISSOURI RIVER LINES.
railroads composing these lines, and their mileige, <Ai
the 31bt of May, 1888, were as follows :
The
Milts.
Miles.
fioux City <fe Pacific Railroal
Fremont Elkhorn & Mls.sourl Valley Railroad
1,043 64
Wvoining Central Railway (leased by the F. E.
& Mo. Valley KB. Co)
10576
107-42
1,154-40
and
3,401 lots of land were sold during the year for the aggregate sum of $533,064, on the usual terms of part cash and
balance io time p-ymeote. The sales made for account of
the MinneJota grant were 30,120 acres, at aa average price of
fS'SS per acre; from the Michigan grant, 33,674 acres, at an
average price of $1"65 per acre, and from the Wisconsin
grant, 4,307 acres, at an average prica of $3'13 per acre.
There were 97,497 net acres deeded out of the grants on
account of sales and contracts, leaving the qu 'ntitv of 1,273,197 acres in the various grants on the Slst of May last, of
which 377,553 acres were lands under contract of sale and
995,633 were acres remaining unsold.
The assets of the department [notet] for lands and lots sold were $1,314,885. at
close
of
the
year,
the
and the entire net cash receipts for the
year were $491,613.
The comparative statistics follow. These statistics do not
include the Fre. Elk. & Mo. Val. RR. nor the Sioux City &
Pac. RR., acquired in July, 1884, but operated independently.
The results ot their operation are given further below, under
" Trana-Missouti River Lines :'
ROAD AND
EQtJir.MBNT.
Tot. miles oper'd
3,843
1885-80.
3,943
Looomotivci....
672
481
699
4S5
735
507
766
509
20,103
2a,.'513
22,091
23,631
581
1834-8.i.
PassenK.ito.oars
Freight cars
Allotlier cars..
Operations—
1884-85.
188.i-86.
8,403,8>t4
mileage
231,0)0,788
2-38 ets.
9,140,195
239.150,020
R'te p.p.ass.p.m.
Fr'sihtdns) mv'<\
IV.sMit (tiirt) m*,:;e
Katt^ pr.toii p.m.
Earnings—
1887-83.
4,211
470
516
554
OPERATIONS AND FISCAL RESULTS.
Pasfi'Kcrs earr'd.
Pitis'i-'fT
188d-87.
4,101
1886-87.
1887-88
9,709,934 10,7^7.420
254,709,295 272,745,019
2-36 ets.
2-29 ots.
2-30 cts.
8,23.3,127
8.494,239
9,737,312
;0,9I2,313
1416,789,205 1460,892,717 1754,593,5961939,044,102
1-19 ots.
1-24 ots.
1-15 cts.
1-02 cts.
$
Pawicngor
$
Frolglit
Mall, exprus9,d:a
5,498,111
16.917,391
1,086,551
17,.50.J,244
Gross cam's.
23,502,056
Uaiut'oe of way
*'
cars.&c
Transp. &. luiscel
Taxes...
Total
Hot earning....
2,939,2=i3
Expenses —
P.c. exp. to earn.
2,193.224
7,970,502
690.928
13,793,907
9,703,149
58-69
.5,646,150
$
$
6,279,621
19,118,797
1,130,206
5,820,151
19,329,484
1,171,681
24,279,000
26,321,316
26,697,558
2,951.880
2,048,673
8,150,221
702,452
3,227,245
2,212,289
3,351,700
2..507,673
8,9H,«81
10,0.=>5,6J4
712.125
15,070,342
11,250,971
57-20
75'>.712
13,859,2'.:o
10,420,374
6708
1834-85.
1885-86.
3
886-87.
Reeeipls—
Dist) urge menu —
Rentals jjaid
Interest on debt'
DIvirtenits
Bate on pref
Bate on eouini'n
BlDking fund.
Tot
..
dlab'm'ts.
Balan ce, surplus
" l-esa
9,708,149
10,420,374
s
28,567
5.064,534
3,981,348
8
7
5«.000
$9,132,449
$575,700
credit itdug.
5,536,363
3,414,504
7
6
58,000
$9,033,867
$1,381,507
11,250,974
The r ew portions of the line that were in progress at the
date of the last annual report were completed during the year,
with the exception of about 36 miles in Wyoming, and
amounted to 354-43 miles making the mileage of the whole
system on the 31st of May, 1888, 1,154-45 miles. With the
26 miles in Wyoming (already finished at the date of writing
this report) and about 47 miles nearly completed ou the extension of the Geneva branch to the Kansas State Line, there will
be ahout 73 miles more to be added to finish all the conhtruction undertaken or projected.
The earnings and income accounts of these roads were a»
given below
—
FREMONT ELKUORX & MISSOURI VALLEY.
EAKNIXOS AND EXPENSES.
Miles operated
Earnings from
—
Paffcngers
Freight
Mail, expre-s and miscellaneous.
Total
Operating expenses and taxes
Ncteainngs
16,t>70,7»y
10026,759
62-44
1887-88.
7
6
58,000
7
6
58,00J
$8,7.7,660
$1,309,099
1887-38.
1,154
$637,531
.$629,021
1,361,301
1,875,332
16:<,S99
240,284
$1,737,076
$2,062,734
1,332,8C6
$2,744,637
1,769.»6&
$1,309,923
$984,721
853,0; 8
$881,018
INCOME ACCOUNT.
",
1886 87.
1887-88.
$e84,018
$1,309,928
$984,721
$396,240
Tnterist on bonds
Cr. H,213
Interest en tloatingdcbt
12,532
Eenta!,3p.c.,pay-bletoS.C.4P.RR.
$644,233
Cr. 2,010
12.828
$850,842
Ci-. 2.150
13,120
$402,559
$181,459
$055,051
$651,S77
$861,812
$122,909
1885-86.
Total dlBburscmentg
Balance for year, surplus
SIOUX CITY & PACrFIO.
Miles operated
EARNINGS AND EXPENSE?.
188V86.
1886-87.
107
107
188788.
$199,307
200,485
48.185
$222,386
291.01 9
46,408
$242,695
23-,571
55,597
$50>i,
Earnings from—
Passengers
Krei«i»t
Malls, express, etc
Total earnings
Ol»eraling expenses
and taxes
Het earnings
107
77
$5.59,363
22-1,300
280.833
$536,263
392,22»
$234,477
$279,025
$194,037
INCOME ACCOUNT.
1K85-86.
Deduct—
Inten St on first mortgage
Interest on Oovernment lien
lutereston floating debt
Dividends on prefeirod stock.....
Profit
$8,638,702
$2,612,272
723
Deduct—
10,026,759
5,215.156
3,444.504
1886-87.
503
$419,608
Set earnings
5,136,198
3,444,504
1885-86.
1,234,696
8?,772
..
Net earnings
1,299,H0
INCOME ACCOUNT.
Het eamniifs.,,.
1,261-82
Total
aud
loss
Total disbursements...
Deficit orlsnr„dus for year.
..
18.36-87.
188r-8S.
$281,477
$279,025
$19.1,037
$97,6f0
97,699
37,350
$97,680
97,690
ll,f.30
$97.0B0
97,699
22,697
11,830
0.52,659
Cr.2.883
Cr.8,368
$191,906
$32 ',023
S or. 62,002
Dof. 16,700
..Sar.92,571
0,90 .-V
11,*.30
$210,716
THE CHKONICLK
170
GENERAL INVESTMENT NEWS.
[Voi..XL\II.
Reports
MISSOURI
lunl
flocumjcuts.
ANSA & TEXAS.
of
S
K
Canadian Paciflc.-At Montreal, Aug.. 7, at a meeting
the Canadian Paciflc Railway directors, SirGeorKe f't?P"fn
MORTGAGE
ON THE MISCONSOLIDATED
«orne,
GENERAL
resigned the presidency of the road, and W. C. Van
to nu me
SOURI KANSAS & TEXAS RAILWAY. SECURING
Vioe-PreBident and General Manager, was elected
"as a.so
vacancy.
Levi P. Morton's resignation as a director
GOLD BONDS, DUE DECEMBER 1, 1920.
elected in hia
accepted, and Senator Mclnnes, of Hamilton
o^
stead. In the course of his remarks at the meeting,
Date. The original mortgage is dated December 1,1880;
I'l nr»
Stephen said
"I cannot refrain from congratulatingsharethe supplemental mortgage December 1, 1886.
Sir
by
completed
holders upon the arrangements recently
Parties. The Missouri Kansas & Texas Railway Co., of the
serarDonald Smith and myself which will have the effect of
fij-st part, and the Mercantile Trust Company of New York,
friendsmp
permanent
ing to the Canadian Pacific Railway the
of the second part.
trom Trustee,
of two new and important American lines, extending
Property Covered. (1) The railroad, formerly belonging
ana
hand,
one
on
Paul
Sault Ste. Marie to Minneapolis and St.
to the Union Pacific Railway Company, Southern Branch,
importance
extending from Junction City, Davis County, Kansas, to a
to Duluth on the other, and reaching a traflac the
is also a
It
overestimate.
of which it would be difficult to
point on the southern boundary line of said State, between
settiea
been
have
arrangements
matter for congratulation that
the Neosho River and the western boundary of Labette
with the Wabash Railway for a permanent connection between County, a distance of about 183 miles, and all interest in lands
f urtner,
and
Southwest
;
the
and
the Detroit River and Chicago
acquired by reason of the construction of the same.
that the long-pending negotiations with the Imperial Govern(2) The line of railroad extending from said southern boundment for the establishment of a first-claes steamship line ary line of Kansas southerly through the Indian Territory
between Vancouver and Japan and China have at last been to Denison, Texas, a distance of about 2.50 miles, and all iaconcluded."
tf rest in lands acquired appertaining thereto.
,
—The Canadian Paciflc Road has commenced the construcBut whereas in the mortgages dated November 14, 1868,
tion of a new extension from London, Ont., to Detroit. Ihe and February 1, 1871 [further defcribed lielow], provision is
company has purchased extensive dock property and termina^ made for the payment of the bonds issued thereunder out of
at Windsor, opposite Detroit, between the Grand Trunk « the proceeds of sale of the lands above mentioned, it is hereby
Michigan Central Roads.
agreed that until the said mortgages are satisfied, these lands
Chicago St. Paul & Kansas City.—This railroad company may be disposed of as if this indenture had never been made,
announces the completion of its line to St. Joseph, Mo., and but thereafter all the provisions of arti-sle 9 of the mortgage
of February 1, 1871, shall be taken as part of this instrument,
its readiness to do a freight and passenger business between
except that the net proceeds of land sales shall then be applied
that point and Chicago.
Cincinnati Hamilton & Dayton— Cincinnati Richmond & to the payment of interest on the bonds of this issue.
(3) The railroad, formerly the Tebo & Neosho Railroad, exChicago. The temporary injunction restraining the C. H. &
D. RR. Co. from selling stock of its Cin. Rich. & Chic, branch tending from Sedalia, Pettis County, Missouri, to the western
has been dissolved by the Common Pleas Court at Hamil- boundary of tbe State, a distance of about 100 miles.
(4) The railroad acquired from the Labette & Sedalia Railton, Ohio.
way Company, extending from Parsons, Labette County,
Kings County Elevated.—The Kings County Elevated Rail- Kansas, on the company's main line, to a junction with the
road Company has mortgaged its property to the Central
Tebo & Neosho RR., a distance of about GO miles.
Trust Company to secure an issue of second mortgage bonds
(5) The railroad extending from Holden, Johnson County,
at the rate of $550,000 a mile, the whole amount not to
Missouri, on the Missouri Pacific Railway, towards Paola,
exceed $7,000,000. The bonds will bear 5 per cent interest,
Kansas, a distance of about 38 miles, together with the lands
and are payable in fifty years.
and appurtenances thereto belonging, subject to the lease
August
6,
Orleans,
New
dispatch
from
New Orleans.—A
thereof to the Missouri Pacific Railway.
said the city has decided to consent to judgment against itself
(6) That part of the railroad heretofore iielonging to the
before the United States Supreme Court in certain suits on Neosho Valley & Holden Railway Company, extending from
bond coupons. The United States District Court decided in the extremity of the last-mentioned piece of road to Paola,
favor of the city on the ground of prescription, but the Board Kansas, a distance of 15 miles, with the lands and appurtenof Liquidation does not think the defense will hold good, and ances thereto belonging, subject to the lease to the Missouri
is paying coupons unattached from bonds, where the bonds Pacific Railway.
themselves are net prescribed.
(7) The railroad extending from Sedalia, northerly to MoNew York Central & Hudson River.-The corrected state- berly, in Missouri, a distance of 72 miles, being a, part of the
months
and
9
ment of earnings, expenses, &c. for the quarter
railroad of the Tebo & Neosho RR. Co. more particularly
ending June 30, is as follows:
described in the first additional mortgage, dated June 1, 1872,
—
:
—
—
,
—
,
.
1888.
,
Quarter.
1887.
•Gross eam'gs.. $8,4(j9,837
.
5,805,360
(68-54%)
$8,036,374
5,357,910
(62-04%)
Net earnings. $2,664,476
Jlrst charges
1,954.860
$3,278,463
1,957,200
Op. expenses.
Ex. to earns..
.
Profit
Dividend
.
$709,616
894,283
Nine Months.
188(>-7.
1887-8.
$25,746,981
$26.6*2,858
16,325,555
18,077,899
(67-85%)
(63 40%)
.
$2,700,379
2,682,849
$1,32J ,263
(1)
(1)
Balance.. dcf.$184,666
894,283
$9,421,426
5,871,000
$8,504,959
5,864,580
(3)
8ur.$426,980
Bur.$17,530
$3,549,826
2,082,849
(3)
sur.$806,977
There has been a considerable increase in the floating obligations since last year, as may be seen in the following comparative balance sheets
:
OENEKAL BALANCE SHEET.
Assets—
June 30. 18 38.
Cost of road and equipment
... $148,259,788
Stocks and lionds of oilier companies..
6,538,164
Advances for other lines, real estate,
etc
3,629,581
Harlem constrnctlon account
65,061
Sept. 30, 1887.
$147,047,973
3,448,571
Taxes,
etc.,
, Total
LUioitities
404,394
348,058
,
,
paid in advance
$107,490,414
—
•^pital stook
Funded debt
Bonds and mortgaffes on real estate
Past
line bonds
Intere-st and rentals
accrued
Cnoollectcd Interest
Uncollected dividends
Dividends to bo paid
Due for ages, supplies, etc
Dae other roads etc
V,-
Profit
and loss
2,944,955
2,771,728
2,707,450
223,624
(excess assets)
Total
$89,428,300
50,183.333
707,000
15,355
3,203,289
7,869
27 9»2
894,283
3,27«,945
1,032,312
12,713,763
$167,490,414
128,7 J 5
2,836,533
1,892,6?3
2,534,766
Net earnings
b^^
For oiHer railroad
all rights
The
this indenture.
(9) And also all the following property, real and personal,
now or hereafter owned for the use of said railroads; namely,
all lands and rights of way, all tracks, structures and buildings, all rolling stock, materials and supplies, and all corporate
and other franchises and rights now held pertaining to said
(10) And whereas the company intends to extend its road,
and whereas franchises pertain'ng to road not now constructed are not embraced in the mortgages of February 1,
1871, and April 1, 1876 (this having lieen so decided by the
United States Circuit Court for the District of Kansas), the
said party of the first part also hereby conveys all its franchises under the Texas Act of August 3, 1870, in respect to
$164,959,953 the railroad to be constructed or acquired from the present
terminus at Denison to the Rio Grande, and all branches
$89,428,300
66,424,333
107,000
P,355
2,049,681
S.O-O
31,129
894,283
2,293,116
l,3-.;4,597
12,365.090
$164r959,954
New York Philadelphia & Norfolk.— The gross and net
earnings for the six months ending June 30 were as below
given:
1888
1887.
Inc. in '88
Gross earnings
Operating expenses
(8)
786 miles of road.
0,628,801
37,517
,
Equipment Harlem line
West Shore construction account.
Due by agents and others
fiupphes on hand
Cash on ha ud
and franchises thereto appertaining.
railroad extending from Hannibal, Missouri, westerly to Moberly, Randolph County, a distance of 70 miles,
with all lands and fixtures appertaining thereto.
The aforesaid railroads aggregate about 7fe'6 miles.
Any lands or land scrip certiiicatea to which the company
is, or may hereafter be, entitled are not covered by this indenture, but may be sold by the company, which covenants,
however, to use the proceeds of any such sale strictly in payment of the interest and principal of the bonds secured by
with
it is now or may hereafter be authorized to construct
in Texas, the Indian Territory, Missouri, Kansas and elsewhere, and all railroads hereafter con-tructed under existing
charters, and all rights and roads hereafter acquired; and all
appurtenances, fixtures and rolling stock now or hereafter
which
owned, and all income from the property, the company covenanting moreover to pay all taxes and to properly insure and
maintain the premises. Subject, however, (1 ) to the mortgage on the Union Pacific Railway, Southern Branch and the
lands thereto ap])ertaining, dated N<>.vember 14. 1868, securmg $4,250,000 bonds, due January 1, 1899. $2,296,000 being
outstanding. (2) To the mortgage on the Tebo & Neosho Railroad (mentioned under (3) above), dated June 1, 1870, secur-
$312,090
232,798
$260,730
219,008
$45,2 )4
13,790
ing $2,000,000 bonds, of which $349,000 are outstanding. (3)
To iwo mortgages on the Hannibal & Central Missouri RR.
$79,202
$47.728
»31,56i
(road under (8) above), securing $800,000 bonds outstanding
dne in 1890 and 1892. (4) To the consolidated mortgage of
1871 and tbe supplemental deeds thereto on all the 786 miles
nevts seepage 161.
-
AuausT
:
THK OHKONICLF.
11, 1888.]
of road alK)vo montioiiod, socuring $tU,S)00,000 t>ond8, of
wliich $14,772,000 are ou'fitandiiii;;. To retire all the aforeiiU'iitiotK'd prior iKinds outstanding to the amount of i|18,317,000 [$17,078,000, January 1, 1888], an w^aad amount
Subjoct
rest-rvod.
issue
is
{>).
l)on<ls
this
of
of
on tlio wiid
also to tlie second or income mortgage
780 miles of road, dated April 1, 1870, securing 110,000,000
bon<l8 due April 1, lUll (!j!S,(MK).(K)0 outstanding and the rest
issuable) and to the coupons duo on said bonds, amounting to
about #2,000,000; further bonds of tliis issue for $10,000,000
lieing reserved to eicliange for said tonds and coupons on
such plan as may l)e adopted. [Only $581,000 of these bonds
wore outstanding Jan. 1, 1889.] The total bonds so reserved
for prior liens amount to $28,217,000, and the sinking fund
rt'iiiiiremi'nts of the said prior mortgages may be met by issuing tlio iKjnds so reserved.
The supplemental mortgage of 1886 conveys also, (1) the
Taylor Bastrop
Houston Railway, from Taylor, Williamson
County, Texaf, southeasterly to Bastrop and l^Iouston, Texas,
Oreenvillo Railway, from
about 163 miles; (2) the Dallas
Greenville, llimt County, southeasterly to Dallas.Texas, about
r>2 riiil.s;(;i) the Gainesville Henrietta* Western Railway from
iiiiusville, Cook County, Texas, westerly to the centre of
Hay lor County, about 130 miles; (4) the Dallas
Waco Railway from Dailas, southwesterly 90 miles, more or less, as the
same shall be located and constructed, and all rolling stock,
appurtenances, etc., belonging to said railroads.
&
&
I
&
THE BOND.
Gencml Consolidated Mortgage Bond.
i>a(«.— Bond* Issued under original mortgage aro <lated December 1,
1880; tbose Issued undci the supplemental mortgage, December 1, 188G.
VenomiuatioH. If 1,000 each.
Amount A «(/i<icir«rf.—$ 15,000,000 ($28,217,000 to 1)6 employed for
retiring prior bonds as said above, $2,000,000 for further equipment,
orpiymeut of debt.", and the remainder, $14,783,000, for new construction), and adillHonal amounts at the rate of $20,000 per mile for
newlji' i'onstruetcd or afqulre<l road.
Prtiieiiml I'auahU.- -Tha prlncpal Is payable in New York City Decombop 1. 11120. in United Suites gold coin of or equal to Uic present standard of value.
Inlcresi I'ai/able.— The Interest is 6 per cent per annum (.I per cent for
bonds issued in exchange for aliovo-uientionexl Income bonds), payable In saiil city June 1 arid December 1 In like gold coin.
CKissifloition.—Cimpon with i)rivilego of regi.stratiuu as to principal.
SinJk iiifi Fund.—'So sinking fund provided for.
—
—
Default. In case of default in the payment of principal or
interest, continued for six months after demand in writing,
it shall be lawful for the Trustee, unless the default is waived,
as hereinafter provided, to take possession of the propeity
hereby conveyed, and to operate it, making such extensions
and improvements as may seem to the Trustee judicious and
proper, and applying the net income to the payment of the
interest in arrear, or which shall become due on the outstanding bonds in the order of its maturity, ratably to the holder
of the coupons, and afterwards to the payment of the principal due and urpaid, without preference.
In case of default in the payment of interest or principal
continued for six months, it shall be lawful for the Trustee,
unless the default be waived, as herein provided, to sell all
the property and franchises hereby conveyed at public auction
in Topeka, Kansas, after giving public notice of the time,
place and terms of sale by advertisement, not less than five
times a week, for eight consecutive weeks, in one or more
New York and St. Louis newspapers, reserving the right to
adjourn tlie sale applying the net proceeds of sale to the
payment of the principal of the bonds, whether the same has
become due or not, and of acci-ued interest without preference, but ratably to the agjjregate of said principal and interest.
This provision is cumulative to the ordinary remedy by foreclosure in the courts, and the Trustee, upon default as aforesaid, may at its discretion, and upon the written request of
holders of a majority in value of the bonds then unpaid,
shall (upon being properly indemnified) institute proceedings
to foreclose this mortgage in such manner (by eale under the
power herein given or by suit) as the majority of the said
bondholders may direct, and if no direction is given in this
behalf, in such manner as seems most expedient.
On default of interest continued for six months after
demand, a.s aforesaid, the principal of all the bonds shall, in
case a majority in interest of the bondholders in writing under
seal so elect, become immediately due and payable, and a
majoiity in interest of the bondholders may, by writing
under their hands and seal declare or instruct the Trustee to
declare the principal due, or may waive or instruct the
Trustee to waive any default of principal or interest on such
terras as the majority may deem proper.
At any sale under this deed the Trustee shall have the right
to buy in the property at a price not exceeding the amount
of these mortgage bonds, and purchasers shall be entitled to
turn in any of the said bonds and coupons toward the payment of purchase money, counting them at a sum not exceeding that which shall be payable out of the net proceeds of
such sale to the holders ot the same.
Truntees. The Trustee may bo removed and a successor
appointed by any court of competent jurisdiction upon application of a maj(jrity in interest of the bondholders. And a
majority in value of the holders of the outstanding bonds securi" hen by may, upon their own motion, with or without
;
—
1
cause, by
calling a
an instrument
in writing under seal, and without
meeting therefor, remove the Trustee and appoint
one or more Trtistees to fill the vacancy.
BondJiolders' Meetinga. Meetings of bondholders may be
called by the Trustee or in sucii other tnodie as shall be axed
.^—
—
by Afiiajbrity."
j
171
^Ix^ Cluottttnemal ^imes.
COMMERCIAL EPITOME.
Friday Nioht, Aug.
The course
moves along
10, 1888.
though the
weather has been rather hot till within a day or two. Crop
accounts are generally good, though not so uniformly favorable as heretofore. Corn promises a very large yield. Speculation in breadstuSa has been less active, but the "corner" in
cotton is still maintained, and there Is a " bull " movement
in coffee which may have some significance.
Lard on the spot was more active and prices advanced,
choice Western touching O'lC, but yesterday and to-day declined sharply, under a free selling movement at the West,
clor-ing unsettled and somewhat nominal at B'GOc. for prime
city, 8 90@9c. for prime to choice Western and 9c. for refined
of trade
satisfactorily,
to the Continent. The speculation in lard for future delivery
has continued to be dominated by the action of Western
operators, but yesterday and to-day values declined materially.
The bulls lost courage under the prospect of a fuller
production.
DAILT CLOSniO PRICKS OP LARD FIJTUKES.
SaluriVy. Mond'y Tiiesd'y. Wednsd'y. Thurid'y. Friday,
9-00
9-13
906
8-90
908
Aug. delivery
c. 900
8-99
8-93
9-00
8-82
909
Sept. delivery. ..0. 8-90
8-92
8-88
8-81
8-74
Oct. delivery. ...0. 8-80
90O
8-30
8-1.5
8-25
Nov. delivery. ...0. 8-17
7-90
7-90
7-90
8-00
'i'oa
c.
Dec. delivery
7-92
7-90
7-98
7-SO
790
o.
Year delivery
—
Pork has been dull and to-day there was at the West a
sharp decline in speculative values, which leaves the regular
market very unsettled; mess $14 12@$15 50 for old and ne w;
extra prime, $H@$14 50; clear, $16 60@ $18. Cutmeats are
and unsettled; pickled bellies, 9)^(§10^o.; shoulders,
7V@8c.; and hams, 12J^@12J^c.; smoked shoulders, 8%@9c.;
and hams, 13J:(@14c. Beef rules quiet at $7@$7 .^0 for extra
mesa and $8@$8 50 for packet per bbl. India mess quoted at
$18@|15 per tierce; beef hams steady at $15 75@$10 per bbl.
dull
;
Tallow is quiet at 4J^c. Stearine is quoted at lOS^Qllc.
Oleomargarine is dull at 93^0. Butter is in moderate demand
at 15@20c. for creamery and ll@14c. for Western creamery.
Cheeae is easier and fairly active at 7%@ 9 i^c. for State factory.
The Bureau report on crop prospects was issued late this
The following are comparative percentages of
afternoon.
condition
.
Avg.
Corn
Oats
Barley
Rve
1888——»
Julyl,
1.
87-3
95-5
91-7
89-4
91-4
Wheat
1
Irish potatoes
Buckwheat
95-9
93-0
951
910
932
96-3
95-7
92-5
....
Tue coffee market has been gaining strength, and to-day
was quite ac'ive ai hardenina; valuf s, the sales aggregating
about 16,000 bags, including Capitana at IS^^c. and Rio No. 7
at 10 5-16c. The speculation in Rio options was fiat until
Wednesday, prices showing a steady improvement for three
days, but closing barely steady, with sellers as follows
August
September
October
llOOc.
November
fl-90c.
December
I
IO-6O0.
9-95c.
9-900.
9-95c.
April
M.iy
I
January..
February
lOOOo.
Juno
|
March
10-05e.
July
i
:
10-lOa
10-150
10-20a
10-200
Raw
sugars were stronger throughout the week, and to-day
prices advanced with great activity, the sales aggregating
7,500 tors, including English Islands, 88 deg. test, at SJ^c,
and domestic, 82 deg. test, at 4MC., with Centrifugal quoted
at a 8-16® 63^c. for 96 deg. test. Refined sugar also active and
Molasses has
buoyant; granulated and powdered, 75^(380.
been rather quiet, but closes firm at 22c. for 50 deg. test.
The tea sale on Wednesday went off at steady prices.
Kentucky tobacco has been quiet, and prices are unsettled
bv the favorable crop prospects. Sales for the week are only
150 hhfls. Seed leaf, however, continues in demand, and sales
are 1,799 cases for the week, as follows: 200 cases 1887 crop,
Pennsylvania Havana seed, private terms; 200 cases 1885
leaf,
crop, Pennsylvania seed
1,2® 14c.; 800 cases 188<l
6%@12}4o.; 100 cases 1886
crop, Pennsylvania seed leaf,
crop, Pennsylvania Havana seed, 10® 13c.; 200 cases 188(J
1886 crop,
cases
15t)
crop, Wisconsin Havana, 8@12c.
Dutch, 9J^@12c.; 55 cases 1887 crop, Zimmer's, 19c.; 150 casee
1885 crop. New England, 13c.; 144 cases 1886 crop. New England, 10>^®14c.; 100 cases 1887 crop. New England, 16c., and
also, 400 bales Havana, 60c.@
200 rases sundries, o3^@28c.
$1 10, and 250 bales Sumatra, $1 40@$1 80.
There has been a strong speculative movement in crude
petroleum certificates, on reports of combinations to limit production, and the price advanced on Wednesday to 89J^o.
decline followed, and the close to-day is at 86 Jgo. Spirits tin>
pentine advanced to-day, and closed at 36?^c. Rosins are dtiH
at $l@$l'07i^ for strained. Weol is in fair demand and firm.
Ocean freights are less active, and rates again unsettled.
On the Metal Exchange, Strails tin has advanced, and closes
at 21*40c. on the spot for September, and20-95o.for November
Ingot copper is quiet, at 16-70c. on the spot. Lead has further
advanced, and cloies at 4-35c. for domestic. The interior Irra
;
;
A
markets are quieter.
.^iaS
.
. .
—
1
THE CHRONICLE.
172
COTTON.
Friday, P. M., August 10, 1888.
The Movement of the Crop, as indicated by our telegrams
<rom the South to-night, is given below. For the week ending
this evening (Aug. 10), the total receipts have reached 9.915
bales, against 6,384 bales last week, 8.033 bales the previous
•week and 10,063 bales three weeks since, making the total
receipts since the 1st of September, 1887. 5,507,511 bales, against
5,313,448 bales for the same period of 1886-7, showing an increase since September 1, 1887. of 294.068 bales.
Mon.
Beeeipts at•
145
90
Galveston
Indlanola,&o.
.New Orleans...
Mobile
Florida
18
24
63
174
29
483
773
82
27
1,200
Bnms"w'k,4fec.
Charleston
Port Royal,&c
Wilmington
Wash'gton.&o
9
Norfolk
30
lOO
561
184
284
67
West Point, &c
New York...
Bom on
Baltimore
2.3
94
194
526
746
416
159
480
159
102
552
254
30
50
218
295
294
123
33
33
1,874
3.401
9,915
1,529
936
731
461
. .
Flilladeipliia,&c
Totals this week
1
2,471
89:
For comparison we give the following table showing the week's
total receipts, the total since September 1, 1887, and the stock
to-night, compared with last year.
1886-87.
1887-88.
Receipts to
Aug. 10.
Thi)
Week.
Since Sip'
1, 1887.
This
TTeek.
Galveston ...
Inunola,&c
871
656,859
New Orleans.
1,544
,773,393
139
29
204,856
24,309
872,988
77,346
422,258
Mobile
Florida
Bavannah
...
Brunaw.,&c
Charleston
P.Eoyal, &c
Wilmington
1,695
1,200
480
loJ
102
Wa8li't'n,&c
Norfolk
1,529
. .
W.Point,&c
New York. ..
Boston
Baltin.ore
-.
Pliil'del'a,
&c
936
731
iCl
33
1,
1887.
1888.
1886.
709,150
671
2,235
5,340 1,733, 344
22,010
30.813
1,491
233
27
213, 457
23, ,890
794, ,727
1,258
816
10
31 ,731
36B ,218
640
525
159
375
451
885
1,130
88,371
3,000
64 00
58 ,481
128,679
3,000
5,012
4,237
7,270 5,213,448
108,317
13(5,201
1,605
14
10
19, ,212
16,6:
108,400
4,933
490,331
538,378
S2,03v
80,864
50,512
27,111
9,M5 15,507,51
Totals
Slocle.
Siiice Sep.
1
134 ,815
3 ,839
12
532, ,157
324, ,219
96, ,802
39
45
107
105, ,397
E)
605
Meccipis at-
1888.
1887.
871
Galveston
New Orleans.
1,00
5,310
1,544
139
Mobile
Bavannah
...
1,695
Charlest'B,&c
645
102
&c
Wllin'gt'n,
Norfolk
(fee
1885.
1,741
13
61
44
4
595
1
12
965
1884.
548
296
882
99
448
14
27
10
1,529
W't Point,
1886.
170
4
50
1883.
240
540
33
4,8C0
1,081
238
927
128
61
814
326
20,S
100
30
189
lOS
All others
2.425
201
2,73«
1,980
1,552
Tot. this week
S-.OIS
7,270
(!,660
3,125
2,898
Since Sept.
we
],3ao
10,:
05
5.!.07,5U 5213,448 5311,5.57 4739,fi5tl 4810^928
5960.505
Gttlveston lnclu(le.s Indianola; Charleston includes Port
Ro^^r&c
Wiimingtou ineludes Moreh'd Cnty, &c.; West Point mcludes City
Point, &i;
1
The exports for the week ending this evening reach a total
of li,493 bales, of which 7,653 were to Great Britain '5"
to France and 4.588 to the rest of the Continent. Below
are
the exports for the week and since September 1, 1887
Week Endli.Q AwjusllO,
From
Exported to—
Hxportt
(
New
....
Orleans.
Barannah*
1888
Great
—
8,4461
la7,852
70.037
7o,78«
..
Boston
....
19,941
1,491
20(1
410
908
Total 1888.
11,706
400
Total 1887
Total 1886
11.379
15,127
782
Nolo.
......
Galveston
Norfolk
I5:i
150
4,5«S
11,341
S3.
ifl'
B:iltlmcre
.571
200
685
None.
14,200
3.000
114,479
9,783
5,891
2 022
20.019
148,298
3,150
3,861
288
15.599
20,522
120,602
185,050
1,534
—
—
—
—
UPLANDS.
Fair
GULF.
Ordinary
Ordinary
UO'hI Ordiu«ry
Strict Goi>d Ordinary
Low Middling
Strict Low Middling
MiddtlDK
t> lb
MidilllnR
Strict Goorl Middling.......
Middling Pair
Fair
STAINED.
Low
eJ<ioii
838
8%
878
8\
8 '8
911,8 913i8 (.!»„
103i8 105,8 10»,8
IOO16 IOII18 1011,6
lOlSiB 1016,8 1' 16,6
Ills
11
11%
11S,8 ll''ie ll'l«
11»18 mile HU,s
111518 121,8 121,8
12»16 1211,8 1211,6
lb.
Ordinary
.>lld<lllng
i
8%
FrI.
8»18
9I18
8 '8
fll3,8'
10
IOI3
105,8 105,8
1011,6 1011,6
1015,8 1015,6
111«
lllfl
ll'lS 117,8
nil,, 1111,8
IV I, 6 121,8
1211,6 1211,6
mon Toes IVed
mon Tuen
83,6
85,6
86,8
S-'e
9
9
913,f
Middling
I
Tta.
ICs
Ills
115,8
11=8
11 '8
I2J4
12''8
Tb. Fri.
1
8I2
8I2
8lli«
8>3
8%
81a
8'8
9
9
9
9
93,s
9i5,8'lO>9
913,8 915,8
fli^is
ai'^ie'
._
105,6 107,, 107,8 107,8 107,8 ,10=8
10li,e 1013,8 11 iai8 101*16 1013,6 11
1114
1015,6 111,8 111,6 Ul,8 !1U,8 """
Ills
iiH 1114 1114 iim ll'l*
ll'ie li»,« ;ll»,6 n»,8 n«,8 11
1111,8 1113,6 lnVni-'ielli^K 12
121,6 !123,c"]l23,ril23,;"|l23i8 12%
12lii6ll213i6il213i8ll213,8ll21»i8 13
Sat.
^
Good Ordinary
Strict
8I4
Sat.
St'lot
Good
Mon. Tues TVed
Sat.
¥lh.
Ordinary
Strict Ordinary
Gor>d Ordinary
Strict Good Ordinary
Cow Middling
etriPt Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
10=8
915,6
10%
Wed,
85,8
VrU
Tta
8i« .
85,8
9
915,6
10«4
93,,]
915,6 1018
IVH
BALES OF SPOT AHD TRASStT.
SPOT MABKBT
CLOSKO.
Mon Firm ®
lie,Ha4
2,468
Wed . Kasy
..,
Thurs Dull and easy.
.
i8
Icilii
4,5H8
18 49;
j.8;?7i0 404,922
41
1.4Sa
i«,"m
2.703.80b'474.4m'iJL78 001 !«..S5",415
Includes exports from Brauswick,
Con- Bpee- Tran-
Export.
Sat.. Steadya>i,oadv.
Tnea.
rump uPCn
7,621 1,907
adv...
Qiiiot
Frl... Quiet 'a 3,6
11.055
200
None
The speculation in cotton for future delivery at this market
turned almost exclusively on this August corner for the first
half of the wetk under review. Afterwards crop reports and
the Liverpool market began to have some influence. On
Saturday August advanced, while the next crop was depref 8fd,the bull clique in August showing a dispopition to make
a flank attack on their opponents, who were gt ne^ally " long"
of the next crop; but on Tuesday and Wednesday August
was somewhat depressed, and the next crop advanced elightly.
There was some 1 quidating for August, but on Wednesday
the decline met susiaining orders at 11*10;. The prolonged
"dry spell" in Texas began to excite comment, and to g ve
rise to apprehensions of drought; tie next crop, therefore,
made some advance, on a demand to cover contracts and
buying
for
rise.
On Tnursday
considerable
the
there was a general advance on a better report from
buyers to cover conout
Liverpool, which brought
tracts; and late in the day a fresh advance took place on
rumors regarding the forthcoming Bureau report. To-day
the market was active and buoyant, the feature being free
buying of September, supposed for accouni, of a Liverpool
The Bureau report was varihouse, " short " of that month.
ously regarded, and therefore had no speci il iDfluence.
Cotton on the spot advanced l-16c. on Satu/day and %o. on
Monday, when the usual deferred report of sales was made.
Receipts at the ports begin to emb:ace some lots of new cotTo-day there wan a further advance of 3-16c., middling
ton.
uplands cU'sing at 11 5-lCc.
The total sales for forward delivery for the week are 308,400
For immediate delivery the total sales foot up this week
bales.
10,638 bafes, including 7,634 for export, 3,004 for consumption,
bales
in transit. Of the above
for speculation and
were to aiTive. The following are the official quotations for
Bich day of the past week August 4 to August 10.
6!5,68SJ 43,030
i»3,S69
64.070
Tout
350
None
None.
10%
11016.
"
12,480
25,839
6,895
232,!l»al
6,624
PliiiadelpV&c
Tr«3lM88.r...
2.0 9
None.
200
350
880,883,
West Potot.&o
New York
5:1
None.
None.
None.
None.
None.
5.300
None.
1.272
None.
Other ports
None.
None.
None.
None.
None.
None.
4
None.
I
e2,4«8|
'WllmlnKton
Norfolk
Stock.
m.,„i
»»'<"
wise
MAKKET AND SALES.
The total sales and future deliveries each day during th
week are indicated in the following statement. For the con
venience of the reader we also add a column which shows at
glance how the market closed on same days.
.
4,031
758,499 300,810
Charleston....
*
10,
226,6*l|
800
Mobile
Florida
Aug.
Coast-
Export ed to—
Gnat
ContU Total
Brim. Prance nent. Wtdt.
aalTWton
Sept. 1, 1887. to
Other
E.
^^""''^- Foreign
200
None.
None.
None.
None.
None.
8,500
3,000
New Orleans
Mobile
Charleston
8,022
In order that comparison may be made with other years,
give below the totals at leading porta for six seasons.
not cleared—for
Leavtng
Qreat
Britain.
1,514
37
29
136
123
On Shipboard,
AT—
Auffiwt 10,
New York
139
29
[VOL. XLTII.
We
Savannah
1,6-5
1,200
.
In addition to above exports, our telegrams to-nightalso give
as the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs. Carey, Yale
4 Lambert, 24 B^ver Street.
871
72
440
74
1
Total.
Fri.
269
261
599
40
166
Thurs.
257
.38
158
14
BaTannah
Wed.
Tues.
V
1
,
..
adv
297
157
125
235
223
...*
sit.
FCTORKS.
Sales.
9,59
14,400
47,600
51,200
41,700
49.000
104.500
2H7
157
125
235
223
1.3 0a.-.03 4.560.805
ItotaL
The
7,624 3,004
10,6
.'8
J
Delid
Total.
308.100
daily dellvarlea given above are aotaallf de:>vere(i tae
rtSYious t? Uiat wn ^lileh ihey are rej) jrU ,.
.—
d»r
:
;
Auocgx
THK
11, 1888.]
TuK Sales and Prices of
ing cumprebensive (able
(jhronj(;le.
173 T
The Visible Supply or Cotton to-ni(cht, aamadeup by cable
Fonmss are chown by the follow-
and telegraph,
as followg. The Continental itookfi, an wellan
Britain and the afloat are this wet^k'a returns
and consequently all the European flgurea are brought down
to Thursday evening.
But to niako the totalj the complete
flguree for to-night (Aug. 10), we add the item of export* frotn
the United States, including in it the exports of Friday only,
:
thoae for
3^1 i3t|
^si-
in
l>rf«at
Btook at Liverpool
Stock at London
1888.
4)<1,000
balet
18,000
Total Qreat Britain stook.
Stock at Hamburg
8iook at liremeu
Stock at Amsterdam
Stock at Kotterdam
Stock at Antwerp
,,
Stock at Havre
8to6k at Maraeilles
Stock at Barcelona
Stook at Oenoa
Stock at Trieste
50!),000
3,000
87,100
8,000
1887.
188«.
601,000
2U,000
8.^7,000
031,000
4,200
582,000
58,.'500
87,000
22,000
30,000
300
000
188ft.
681,000
20,000
25,000
701,000
4,000
43,400
aw.OOO
1,300
2,.300
200
400
120,000
"
3,000
51,000
7,000
11,000
1,200
20^,000
3,000
32,000
4,000
0,000
1,200
130,000
7,000
rotal Continental stocks
241,600
344,100
27.\800
332,600
Total Enropean stocks
Indhicottonatfoatfor Kurope.
Anier. cott'n afloat for Eur'pe.
E,iOPt,Brazll,&o.,afltforEVpe
Stock in United states ports..
Stock In U. 8. Interior towns..
Ottlted states exports to-day.
750,600 1,00-1,100
60,000
118,000
38.000
4i,000
13,000
22,000
168,317
136,201
19,7.'>l
19,026
1,155
1,163
8.'>7,800
1,033,000
134,000
68,000
37,00O
DOO
170,000
."S.OOO
B1,OQO
8,000
19,000
50,0(10
15,000
10,000
.50,000
3,000
205,672
42,280
168,831
17,637
4,7SO
730
Total visible supply
1,050,823 1,344,490 1,293,383 1,329,819
Of tbe above, the totals of American and other descriptions are as folio v s:
Ama ttan—
19,7r5l
3^1.000
177,000
41,000
136,201
19,026
1,155
1,103
73d
694,223
728,390
891,588
922,21S
160,000
203,000
20U)0O
116,600
68,00O
13,000
280,000
2^,000
167,100
118,000
22,000
356.600
691,223
610,100
728,390
Liverpool stock
bales
Oontlnental fitocka
Auierloan afloat for Europe...
Onlted States stock
United States interlorstooks..
United States exports to-day..
334,000
133,000
3H,000
168,317
Total American
East Indian, llrazil, rfc—
Liverpool stock
London stock
(.ortli»ntal stocks
157,000
18,000
lO-i.liOO
;. Id afloat for Europe
J^KTPt, Brazil,
6i',000
Ac, afloat
Total East India,
Total American
Ac
Total visible supply
Price Mid. Upl., Uverjiool
Price Mid. Upl., New York
E^" The imports
.
478,000
216,000
37,000
168,831
17,637
,4,750
397.000
196,000
,000
!>i
20.'),572
42,280
2i,0iX)
7i»,800
134,000
3,000
401, 'OO
407,'^0O
891,588
922,218
1,050,823 1,344.490 1,233,368 1,329.818
r>i-jd.
oHied.
S'lad.
SSirtrt.
ll'ieC.
9^c.
into Contioental ports this
lOijeC.
97jac.
week have been
15,000 bales.
The above figures indicate a decrease in the c6'ton in sight
to-night of 293,667 bales as compared with the same date of
1887, a decrease of 243,555 bales sa compared with" the corresponding date of 18i6 atd a decrease of 278,995 bales aa
compared with 1885.
At the Interior Towns the movement that is the receipts
for the week and since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the corresponding period of 1886-87 is set out in detail in the foUowing
Btatemut.
—
—
!
MIO
^1
to
W «i HM CO
OM.
I
:
COC;i
to
»i
;
;
I
;
M
*-*
w
-ot
ocooicto-'c;*
0)
^
I-*
«-•
5?
"1
I
•-5-
^1
?
'i
ff'S
"e
.-a
—
a
"-5
'-' c: c. it- •lOif-it^Qcrf-yiyi
tCi^
M
s
_
5
e
o
IS
to to
C
to
'.0
o
a
tO-1
cits to
00
i: *.
ClCCWWWxn
C<»'XWW-~lwM)-'*.OD*-C;»tOh-tO
*-0
'
C; ^- 10
*
Includes falc* In September, 1887, fcr September, 258,200; SeptOotDlior. for October, 5'0,'. 00; Si^ptcmher-Noveiiiber. for No-
coKccii^I
ember
vi.'iultr,4Bl,G00; Si.-pte>"b<-r-DeiHiub«r, tor December, 1.0:i7,-100 SeptSeptembcr-Feliniaiy, for Fibcmber-Juimary, for Jnuimry. 2.256,t00
ruary. l,ftnl.7(.0; September-March, for March. .3,112,100; BcpteiiiberSeptAiril. for A]'r11. 2.0i),^,700; 8epteiiiber-ir»v, for May, 2.688,80ii
embtrJuiic, tor Juie, 2,9U3,l0^; Scptoiuher-Jiily, for July, 1,431,800.
;
-1
f- to <J
;
:
M -• CO M
c: CO *• *. :c -^ ^1
COA
M
M
CO.
)^^x>
ca
M
«
MO^OJa^S*.-! —
*.«-tOO-»K)MACO'-CO
c c, tc JO tocj oc *-'»c;i^'5x p - »v fv c: ;c j^
-'*-i»'^-l
toe.
'ICy^-i-JODW—
»—
0'0'M-'«tic;xow
toMO — c;»*Jic —
«•.;
:
%3r We bare
InolDded Ip the above table, and «haU continue ea«k
week to give, the averase price of f ntarea each day for eaob montb. It
will b« found under each day following the abbrcTlatlon " Aver " T: e
averai^e for each montb for the weete 1p also jdven at bottom of tab1«.
Traaeferable Orilerf— Saturday, llOOc; Monday, ll'20o.: Tnee<!ay,
11 loo.; Wednesday, 111 Jc; ThurBday,ll-30j.; Friday, 11 tao.
The following exchangee hare been made during the wefi
^
:
"to
•26 iMl. to CiCli. 200 I)cc. for Sept.
,15iul toc«h. 59>> .Ian. for Sept.
•19 pd. to cxcb, 100 Oct, lor Sept.
**
i-13 pd. to exch. SCO Sept. for Aug.
•13i<d.to cxeh, 800 Jau for Sept.
«
,.
_^
;
i
I
•-•I
'-
CO
;
V|*.3(i-»
;
C-ic ** fc "1
o; •*
^ to
'Ji
OtS'
s;
'^^:
«-
*Ilie iiipire* Xor LoalsviUe in botb
yean
r'lf*
iocMM>->-a
§;
are "net."
,.j
.
THE CHKONICLE.
174
The abo^e totals show that the old interior stocks havp
decreated during the week 3,036 bales and are to-night 725
bales more than at the same period last year. The receipts at
the same towns have been 4,083 bales 7nore than the same
week last year, and since September 1 the receipts at all the
towns are 112,970 bales more than for the same time in 1886-7.
week.
Picking
[Vou iL\Ii,
is
The thermometer has ranged from
active.
73 to 100, averaging 86.
—
Columbia, Texas. The weather recently has been so dry
and hot that the caterpillar talk has about died u^ Tne
crop is doing well but needs rain, and if it does not come very
soon the need will have become very O'-genr. Picking makes
good progress. Average thermometer 85, highest 97, lowest 72.
Quotations for Middling Cotton at Other Markets.—
Vuero, Texas, The crop continues splendid but; now needs
In the table below we give the closing quotations of middling rain everywhere and in fome sections very badly. Good procotton at Southern and other principal cotton markets for each gress has been made with picking. Tne thermometer has
day of the past week
averaged 84, the highest beini< 99 and the lowest 77.
<
—
CLOSING QUOTATIONS FOB MIDDLING COTTON
Week ctiding
Avg. 10.
Satur.
Hon.
Tues.
Wednes.
— We
ON—
Thure.
Fri.
Galvestoii ...
New Orleans.
10
10
IQia
lO'is
1018
10
101«
Mobile
Savannali
10
10
10
10
10
10
10
10
10
10
10
IQis
lOifi
lOifi
lOis
10%
...
Charloston
..
Wilmington
.
Norfolk
1016
10
10
10
10
10
10
IQia
10%
107,a
lOlfi
lOig
101s
1'%.
10%
lla-Uie llise"* 1114®%
Boston
Baltimore .
PhilartcIpUa
AuRiisIa
Mempljis
St Louis
.
IQiSl
10%
ll'ie
11 Je
10
10 14
10
lOV
lll4®'8
10%B11
Ills
10l8®l4
10
lOifi
10i«
1058
1038
1' 38
10%
lo>e
1013
1038
Cintinnati-..
Louisville ...
—
10
10
lOia
Ill4ff38
103j7;ll 105,®]!
Ills
11%
101-
11U^%
10% all
11 14
loigaH 10l8®l4
10%
10
10
10
lOls
10»8
1038
10%
10%
10=8
1038
10^8
10=8
—
The following table
Receipts from the Plantations.
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
.Southern consumption they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports,
;
Weeli
Xndint8
••
13
••
20
••
27
jLVg. S
•'
Bectlpta at the Porta. \st'lcat Interior Towns. Rec^pt£ from Plant'fU
1888.
18.691
-Jnly
1,972
6.744
....
10
1887.
1887.
1888.
38.263
3.381
.S3.818
45.990
87.667
31.470
3,327
49,807
28.163
23,685
1,678
6.S84
29.188
a7,937
26.01 R
9.815
48,719; 2:1,967
20,385'
5,572'
1888.
1.261
9,471
8,060
7,f24
3.295
2.581
1,469
6,680
7,270'
1886.
77.661
7.028; 68.227
10,062 6* 810
S,03S' B7.e2«
6.410
The above statement shows
—
1.
the plantations since September
That the
1886.
1887.
37
1888.
19B
3.865
1,330
4.721)
1
6.219'
total receipts
),90fl
6.615
from
1887, are 5,.')04,066 bales;
In 1886-7 were 5,lfc9,355 bales in 1885-6 were 5,347,426 bales.
2.
That, although the receipts at the outports the past week
were 9.915 bales, the actual movement from plantations was
only 6,615 bales, the balance being taken from the stocks at
the interior to'wns. Last year the receipts from the plantations
for the same week were 5,219 bales and for 1886 they were
6,572 bales.
1,
;
—
in Sight Aug. 10.— In the table below
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.
Amount of Cotton
we give the
receipts
1887-88.
1886-87.
I
1885-86.
are beginr icg to need rain dreadBrenhavi, Texas,
fully and the crop will be eeriousy hurt unless it comes very
soon. The thermometer has aviragfd 87, ranging from 70
to 99.
Belton, Texas. The weather has been dry and very hot
during the week and we are suffering for rain. The thermomeer has ranged from 74 to 100, aveiaging 87.
have bad dry and intolerably
Weatherford, Texas.
hot weather during the week^.
The drought is very severe
and the crop has already been injured. Average thermometer 97, highest IDS and lowest 72.
New Orleans, Louisiana. It has rained on each day of
the week, the rainfall reaching two inches and forty-nine
1884-86.
—We
—
hundredths. The thermometer has averaged 83.
Shreveport, Louisiana. Telegram not received.
Last
week's rainfall was seventy-eight hundredths of an inch.
The thermometer averaged 83, ranging from 72 to 98.
iJolumbus, Mississippi. It has rained on one day of the
week, the rainfall reaching twenty-one hundredths of an inch.
The thermometer has ranged from 68 to 94, averaging 80.
Leland, Mississippi. Rainfall for the week fifty hundredths of an inch. Average thermometer 827, highest 94,
lowest 70.
ffreeuviUe, Mississippi. Telegram rot received.
Clarksdale, Mississippi. Ic has rained on three days of
the week, the rainfall reaching eighty-two hundredths of an
incli.
The weather has been favorable for crops.
Vicksburg, Mississippi. We have had one shower during
the week, the rainfall reaching twenty-nine hundredths of an
inch.
The thermometer has ranged from 73 to 101, averaging 88.
Little Rock, Arkansas.
had rain on Friday last, but
the remainder of the week bus been clear and pleasant. The
rainfall reached sixty -seven hundredths of an inch.
More
rain is needed, especially in the uplands. The thermometer
has averaged 82, the highest being 96 and the lowest 70.
Helena, Arkansas. The weather has been hot and dry
during the week, with one hundredth of an inch of precipitation on one day. Some planters report crops as fine, but
others claim thnt rain is needed. The thermometer has aver-
—
—
—
—
—
—
—We
—
aged
82,
ranging from £6 to
here eluring the week, the rainfall reaching four hundredths
of an inch. The thermometer hss ranged from 68 to 99,
averaging
Receipts attlie ports to Aug.lO. 5.507,511 5,213,448 5,314,557 4,739,659
Interior stocks on Aug. 10 to
*3,445
*24,093
32,869'
excess of September 1
2,851
from plantat'ns 5,504.066 5,189,355 5,347,426 4,742,510
""'" ""
978,6S)4
788,SH0 8^1,134 610,1160
1
435,000 3t)l,000i 308,000 264,C00
92.
Memphis, Tennessee. — Rams have been partial and unequally distributed, and in many places rain is needed; otherwise crops are gool. There have been two lignc sprinkles
85.
—
JSashville, Tennessee. It has raired on three days of the
week, the rainfall reaching seventy-three hundredths of an
inch.
Average thermometer 84, highest 98, lowest 71.
—
Mobile, Alabama. It has rained severely on two days and
has been showery on two days of the week, the rainfall reachRains were beneing four inches and forty -six hundreiths.
Total In Bight Aug.lO
6,917,760 6,309,235 6,476,560 5,616,570 ficial and crops are splendid.
Twelve bales of new cotton
have been received to date. The thermometer has averaged
Northern spVnners' takings t»
1.750,807il,628.479 1,752,806 1,370,287 79, the highest being 93 and the lowest 69.
Aug. 10
Montgomery, Alabama. We have had rain on two days of
'Decrease from Sept. 1.
the wetk, the rainfall reaching one inch and sixty-four hunIt will be seen by the above that the Increase In amount In sight tonight, »e coinpari d with last year, is 548,525 bales, the increase as dredths.
Weather hot. Some tcctions have been without
compared with '885-6 is 441,200 bales, and the increase over j884-5 rain for weeks, and complain of shedding. The average reIs I.BOI.I'JO bales.
port, however, is good.
The thermometer has averaged 81,
Weather Reports by Telegraph.—Telegraphic advices ranging from 69 to 96.
South
to-night indicate that in many sections
to us from the
Selma, Alabama. Rain has fallen on two days of the
the weather conditions have been quite favorable to cotton. we?k, reaching eighty-four hundredths of an inch. The therIn Texas, however, and in some districts elsewhere, rain is mometer has ranged from 78 'o 89, averaging 81.
tnnch needed.
Auburn, Alabama. Precipitation for the week one inch
Oalve^ton, Texas,— three hundred and fifty-four bales and ninety hundredths. Crops have improved, The thernew cotton received this week, making three hundrtd snd mometer has averaged 81, the highest being 91 and the
sixty bales thus far. There has been one shower, the rainfall lowest 72.
reaching sixteen hundredths of sn inch. The thermometer
Madison, Florida. It has been showery on one day of the
has averaged 81, ranging from 72 to 90.
week, the rainfall reaching twelve hundredths of an inch.
i-olestine, 'lexas. We have had one trifling shower during The thermometer has averaged 83, the highest being 97 and
the week, doing no good. The rainfall reached two hun- the lowest 71.
dredths of an icch. We are in the midetof a terrible drought
Columbus, Georgia. Rain hag fallen on two days ot the
and the en p is suffering very much. The thermometer has week to the extent of seventy hundredths of an inch. The
ranged from 71 to 93, averaging 82.
thermomeier has averaged 88, ranging from 77 to 96.
UuntsvUle, 7'ea;ai'.— Rain is needed very badly, and the
/Savannah, Ueorgia. We have hart rain on four days, and
crop is wilting very fast. Ramfall for the week twenty-one the remainder of the week has bee« hot. The rainfall reached
hundredths of an inch on one day. Average thermometer 82, two inches and thirteen hundrtd ths. The thermometei' has
highest 99, lowest 74.
ranged from 73 to 97, averagii g 80.
Ballas, Texofi. The weather has been dry and very hot
Augusta, Georgia.— The weather has been warm during
during ttie week, and cotton is suff-ring for rain everywhere. the week, with rain on ihree days to the extent of one inch
The thermometer has averaged 89, tlie high'est being 100 and and sixty-nine hundredths. Accounts from the crop are
the lowest 77.
favorable; the plant looks promising. Average thermometer
Ban Antonio, Texas.—We have had dry and hot weather 82, highest 100, lowest 72.
all the V eek and rain is needed badly.
The ground is beginAtlanta, Georgia. Telegram not received.
ning fo parrh. The thermometer has averaged 86, ranging
Charleston, bouth Carolina. Rain has fallen on three
from 73 to 99.
days of the week to the extent of forty-nine hundredths of
LuUng, Texas. Cropi are very fine, but begin, to need an incsh. The thermometer has ranged from 74 to 94, averagrain very badly. The weather has been dry and hot all the ing B2.
Tot. receipts
Het overland to Aug. 1
BoDthem consumpt'n to Aug.
—
—
—
—
—
—
—
—
,
—
—
—
:
AcauBT
THB CHRONICLE.
11, IS88.J
—
Btatehurg, South Carolina. We have bad rain on two
the rainrall reioliing one inch atul thirtyTlie weather has been Bultry, but flue for
six hundriiitliB.
Average theraioineter 80, highest 03 and lowest 71*7.
iton.
i;olumbla. South Caroliud. li lin has fallon oa three days
of the weeic to the extent of thirty -one liiindredtlis of an inch.
Orop jirospecta for cottou are very favorahlo. Corn shows
Thfl thermometer Itas averaged 83, the highest
improv.'ineiic.
bciiij; 90 (ind the lo-vest T8.
WU.wn, North I'.aroUna. It has railed on two days of the
we>-k, the rainfall reaching forty-five huniredths <>t an inch.
The thermometer his averaged 87, ranging from 70 to 09.
Th<" following state'ueni we hive al.so received by telegraph,
showing the height of the rivers at the points named at 3
da) 3 of the wee fc,
—
175
coiinttes, mostly In Qnorgla and Alabama, where tlie"i'i /!/ rn.t" priy
vails In certain Incalttles. The catorplilnr Is present
lyin
Mie southern liiilr of tlin lower tier of Htates, lit Is
'.inry
exiept in a county or two in Floriila. It Is not niiu-li
- i. ... I't'lniif
ki'lil In llniltcd uuinbers bjr [lolsoulng.
Tho lioll worm
Iu •uuio coun-.
'
U
Texas,
(Jolleciing the thrpo
lies in
month's flguraa of the present season,
and comparing them with the reported condition for the
same moniba of last season, we hwe the following results:
—
Aug.
oVIocli
and Aug.
0. 1888,
New Orloang
Above low-wator mark.
Above low-water mark.
Mmiiv
4
7
2
5
2
6
8
8
1
0-
10
2
Mix.s iiig.
4
3
5
1
Above low-water mark.
AlMive low-water mark.
Bbrvve|H>rt
Vtok*l)ur8
Inch.
Feel.
Inch..
11
AlMjve low-water mark.
lie
Aug. 11, '87.
D, "88.
Feel.
MeiuiiiilH
Movembst prom all Posts.—The receipts
and siiipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Aug. 0.
India Cottos
BOUBAT BB0KIPT8 AHD BnimSNTS FOB
SMpmenU
Tear Great
BHfn.
1888
1887
1886
OOHtinent.
Great
Britain
Total.
Oontinenl.
Beuiptt.
1.
Thi$
Week.
lOUU.
1,000 209,000!5<)'f,0OO
807.000
3n«,000 01-<,000 1,' 01.000
7.000 30H,000 (it 0,000 Olli.OOd
3,000 ilti.OOOll.lS.OOO 6;4,0O0
1,000
5',0<>6
2.o66
1,000
2,1100
Shiprnettt* for
tlte
Britaiii.
SMpmetUM
week.
Oontinenl.
Great
Great
Britain.
IWlU.
Since
Jan.
1.
4.000 1,269,000
4.000 1,43^000
9.000 1,347,000
2.000 978,000
tinee
8.
( ;
Kiiiiinii
Aliihftina
MtRfttanlppt
January
Continent.
1.
Total.
28,000
99,000
63,000
119,000
91,000
218,000
3,000
5,000
11.000
22.000
6.000
3.000
16,000
25,000
1,000
Madras—
1888
1887
2,000
5,000
1888
1887
i',006
1.000
4.000
.•i.OOO
28.000
35,000
15,000
23.000
43,000
58,000
2,n00
6,000
2.000
4.000
4,000
10 000
67.000
156,000
83,000
145,000
150,000
301,000
AU others—
1,000
Total all-
1888
1887
EXPOKT8 TO EtTBOFa FBOM AIX INDIA.
This
Keek.
from—
ThU
Since
Jan.
week.
1.
1886.
Since
Jan.
This
week.
1.
l.OOOl
807.000
All other ports.
4,000
l.,0,000
5,000
957.OO0I 10,000 1,305,000
Total
1,004,000
lo'.obo
Since
Ja7i. 1.
7.000
6,000
301,000
946,000
144,500
13,O0o|l,O9O,5OO
Manchbstbr Market. —Our report received by cabl«- to-night
from Manchester states that the market is firm for both
yarns and sheetings. We give the prices for to-day below,
and leave those for previous weeks of this and last year
for comparison
:
1888.
9H
32* Cop.
Twist.
d.
July 6 7»8
••
13
7'S9
20 708
" 27 T»8
Aun. 3 7i>8
••
10 709
•'
1887.
Ooll'n
32» 0<^.
Mitt
UpUU Twi*t.
lb:
Shirlingi.
d.
a.
d.
®7
»7
9»H P
®8>4
7 ®7
<i8i4 I5
'oiS^ jS
7
7
5
W8>4
|5
'a>SH^5
7
7
d.
d.
8.
d.
814 Ibt.
Shirlingg.
d.
8.
5
5»i« 7M «8
3«1« 733 -a>8
5
6«,« 738 ail
5
.5«,„ 7 "4 «715,8 5
5»« 714 a7l&,»'5
511,8 714 »7i6,o5
'a>7
£1)7
7 »7
d.
d.
«.
8^®6
10^s
(<i3a6 10>«
Cotl'n
Mi>i.
Vpldt
d.
S's
f>\
8»sa6 10>« 3»I«
8
®6
®6
n
a6
8
10
10
10
S»IB
54
5>a
Jute Butts, Baqoino, &c.— Tne miiket for bagging is in
a peculiar coailition, and it is impossible to name any reliable
figures.
The whole stock is controlled by one or two parties,
who make their own prices and will not name any figure
except to actual pu'Chabers. Mo.tt of the mills have ehut
down and the comblnaiion are masters of the siiuation. A
fair tri.le is being done in jute butts, and paper g,-arl.-a are held
while bagging qualitits a-e quoted at 2(0(23^ cents.
Tub AaiUGULTURAL Dbpartment's Actqdst Rei>ort. The
following statement, shuW'nx tne couditijn of coit)n, was
isfued b. the Uepart'iient of Agriculture o Au>{U8t 10:
Thp \ii)fii8t report or the Dop.irtmeut of Afnlciltiiro shows a small
•u ill the CO. Million ol cotton iu tho fa-oliiias,
Alabama and
anil au advaiiuc in Floriila, Texas, Arkiin...as, and Teui
essee
ages ot (ieoigia and Jlisaissip, 1 are iiKcUaiiKed. The ireneral
n8,-.<, agalu.Ht 86-7 a mouth a^o and 93-3 last .Viiirii.st.
The
V
at IJgO
,
1
i
(12
84
eo
92
90
91
90
19
93
Avorftgo
S"
86-7
...............
1-4
84"
860
90-7
»2
119
98
99
98
09
PI -3
91-3
1*2
92
93
87-3
87-3
09
97
96
9i»
98
99
07
)-9-7
78-3
92-3
91-7
1
91
9S
97
l't»
98
»»
99
98
"6-9 97-0
i
96
95
94
96
93
96
94
87
97
9S-0
»i6-7
96-3
97-3
1I0"7
9.^
98-0
96-3
90-3
98-0
96-7
93-3
95-7
above are our own. They should be read, we
presume, in connection with the figures of condition.
LomsiANA Fi'.ST Bale. The first bale of new cotton grown
in Louisiana was received at New Orleans on Friday evening,
August 3. It was raised by P. Rooney of Point Coupee
Parish, c'assed strict middling, and sold at auction on August
4 to Messrs. J. D. Peet & Co. for 13 cents per pound. In
addl ion to being the first bale from Louisiana, this is also the
Last year the
earliest arrival from the Mississippi Valley.
lirst bale from ihe Valley reachetl New Orleans on August 3.
The Crop in the Memphis District.— Messrs. Hill, Fontaine & Co. issued on August 7 their regular monthly crop
report for the Memphis district, which embraces West Teniiesse. North Mississippi, North Arkansas and North Alabama,
The
italics
:
Tho report is made from 282 letters of inqniry sent out ,Tuly 28, the
rosiwDses to which bear averame date of August 2. The weather during
July, esiecially the U'sthalf of the month, wag favorable for cotton,
and much more favorable than last year; and while .some of our corn'sponiients rejvort crops badly needing rain, yet ttie outlook for a good
The principal complaint of a threatened
yield is very flattering.
iliought comes from Arkansas, yet there are many sections in Mississippi where rains would be a great benefit. Tennessee and Alabama
liave not suffered as yet, but suowers within tho next week would maTlio plant Is genti Tliilly add to the favorable outlook in those States.
erally reported as fornilug, blooming and boiling well, and a very large
m.ijorily report the cotton crop in much bctte coudiliou than last year
Picking will coiumeuce iu sonic localities about the l8t
at this iieriod.
of Hepteniber, but will not become general throughout the district until
15.
—
East India Crop. The following
Company's ^Limited) report of July 3:
is
from the Bombay
week aLO some anxiety was felt at the absence of heavy rain,
cannot be said ti at the monsoon set in in ea nest till June 27,
which date rain baa fallen steadily, and the fall in Bomoay now
amounts to about twenty-two inch* s. This timely fall has extended upcountry, and sowing is now in lull swing in the Beraraiel 15 roach districts.
In the DhoUera districts, too, the rain has been most satigfaotoiy, and sowing will conimeiicc shortly. In the Northwest Province
lain has also fallen. On the whole, tho rams, though late, have been
favorable so lar tor the sowing of the new crop.
The foil. wing is from Messrs. Gaddum, Bythell
Co.'s
report of like date:
We have had a week of very wet and boisterous weather, the rainfall
in Bombay since last Wednesday amounting to eleven in>hc8. Abundant rains have also fallen up-country, and sowing operations in most
of tho Oo mill coilon district*! arc progressing favoralily. and will be
coiuiuenc. d in other disiricts as soon as a break in the weather sets in.
eJHiPPiNa News. ^The exports of cotton from the Uniied
States the past week, as per latest mail returns, have reached
17,588 bales. So far as the Southern portp are concerned, these
are the same eTf>nrt8 renortod hv telegraph and published ia
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Until a
and
Bombay
S5
86
SO
90
92
92
TotlUOBSfVi
.
September
1887.
1888.
Skipmentt
to all Europe
•<
7«
90
90
T''xn8
as follows
Calontta—
1888
1887
86
88
92
91
92
90
88
80
CoroUnft
enrgia
t
—
FOITB TEAB8.
Shipmentt Since Jan.
thit meek.
i
>-»
11, 1887.
Aug.
1887.
1868.
Slalet.
it
sir-ec
&
—
SIbw
Total baUt.
Liverpo 1, per steamers Alaska, 934... Celtic,
City of Chicago, 1,268. ..City of Rome, 1,267....
York—To
1,270
..
Etruria.2.-)8....Italy,9y!)....Van
To
To
To
To
Dyek 628
6,624
Havre, persteainer La Gascogne, 152
Werra, 150
Bremen, per sieamers Lahn, 4',(!»
Antwerp, cr steamer Westernland, 67o
Miguel M. PlnllBarcel na. per tteamers Alcsia, '64
los.
1
162
649
670
2,147
1.3k3
To Genoa, erstenmer Alexandria, 699
To W.ndsor, N. S., per 8cho..iicr Clifton, 100
NkwOklia.nr—To Ll^el•IMM)l, per steamers Countellor, £66....
1
999
100
Cuban, 308.
Discoverer, 785
CIIAKLESTOS— To Barcelona, per bark Calallna, 390
1,659
Norfolk— To
1,486
1,000
390
Liverpool, per steamer Claymore, 1,486
To Hamburg, per rieanicr Wuotaii, l.ooo
Halilmomk- For l.ivi niool, per steamer Nova Scotian, 325
Boston— To Liverpool, per steamer Boman. I.'.9
Philadelphia—To Liverpool, per steamer British Prince, 1,228
325
159
1,228
c,
:
Hiale are: Virginia, 84
North C mllua. 82 South Caiollna,
"-''a- -to; t'lnrida, 02
AL.bama,
.Mississippi, 92; Lonltiaua,
,.,,
M; .„I. \as. .9; Ariiaiis.M, 93; euuess. c.1(0;
!I3.
Iher. has been an excess
Of nun imtll recently. JJiought of snort dinatioii is locally
indicate.) on
the viliintic Coast and on th.- (Jnlf Coast east of tlie
.Missi.wipiii.
West
01 the .\Ii.H.sis^ippi. ill uonhci-n Missis-ippi, auu western euiicssee.
rains
naTi;l,ceuri-.q.icuianaal)nnd nt, and the g owth of the plant Is from
mediuu to large. £„,stot the State of Mississippi the plait Is comparatively
;
;
;
17.588
Total
The particulars of theme shipments, arranged in our usual
form, are as follows
I
1
sin,.
11.
tu nearly the cntironreadtU th
8«n»H,i as later than usual,
toe lower latitn..es.
deve|..uiueut
thuugU picking was about
to
is
ivi.re-
commence in
Gott-m i~atm.„l u-iihoui eic-piion reported in sound health
and via r,
'*"""' ««'' ./"'"i* a« it menu ned in the moil
l^Ii--"'..''*^"''"".;,',"^
lueeeti/al seatotu. There is a UtUe rust, but not
serious e.'cccpt In a few
New
York..
N. Orleans..
LiverBampnoi. Havre. Bremen, burg.
'
-'
152
649
6.624
,
670
Baree-
ll.lsl
Oetioa
a7td
loiia. Wintiaor.
2,147
1.659
3.0
Charleston .
Norfolk
..
1.486
Baltimore ..
325
Boston .. ..
159
I'hTdelph'a 1,2^8
ToUI.
Anfweru.
1.099
Total
11,341
1,659
390
1,000
2,486
1,000
670 2.5i7 1,099 17,888
335
159
1,2.8
152
649
—
:
—
.
THE CHRONICLE.
176
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates
3-8teamer Statesman, 320.
Kew ORLEAN9-For LiTcrpool-Aug.
156.
Boston— For Liverpool-Auf,'. 6-Steainer Norseman,
BriUsU Frmceas, t73.
7-Stcamer
PuiLADEU'UiA— For Llverpool-Ang.
follows
been
as
Cotton freights the past week have
:
Hon.
Satur.
Do
"64
eail...d.
Havre, steam
—
sail
Do
..
sail
"16
e.
c.
Bambnrg, steam
Do
li
c.
e.
Bremen, steam
e.
1''61'»'S2 i''e4®»32
"S4®832
sall...c.
22
Amst'd'm, steam. c.
Do
FH.
Thwrt.
Wednet.
r«e».
Uverpool, steam d.
Do
V
22
V
lf„.®932 "«4®';
25*
25*
22V
22V
via Leltli.d.
d. 31l!!«ll« 21l5Rllfl
Keval, steam
Do
21,or11|u
21
21l28^'64 21,sall84
d.
sail
s IS
BaTcelona,steam d,
Genoa, steam .. .d.
^32
Trieste, steam... <J.
^32^*^64 %2''*^e4 ^a2'a'''«4 %2^^64
Antwerp, steam d. ^a'^^M
"*~Fer 100 lbs.
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stocks, &c. at that port.
add previous weeks for comparison.
—
We
July 27.
July 20.
Bales of the
week
bales
Of which exporters took
Of which speculators took.
Bales American
.
Actual export
Forwarded
-
Total stock— Estimated
Of which American— Estim'd
Total import of the week
Of which American
Amount
afloat
Of which American
47,000
3,000
2,000
37,000
4,000
12,000
568,000
416,000
49,000
42,000
72,000
32.000
46,000
2,000
1,000
37,000
7,000
12,000
542,000
390,000
37,000
23,000
05,000
27.000
Aug.
Aug.
3.
49,000
6,000
1,000
3(1,000
0,000
6,000
523,000
370.000
34,000
22,000
54.000
12.000
10.
55.000
f.OOO
3,000
44,000
9,000
10.000
491,000
331.000
32,000
12,000
50,000
10.000
The tone of the Liverpool market for spots and futures each
day of the week ending Aug. 10 and the daily closing prices
of spot cotton, have been as follows
:
Saturday ilotiday. Tuesday.
Spot.
Wednes. Thurtd'y.
Friday.
Market,
12:30 P,'•"•5
Good
Harden*g.
Mld.Upl'ds.
Mid.Orl'na.
Bales
Bpeo. & exp.
55a
12,000
2,000
demand.
Active.
Moderate
demand.
5»8
51118
611,8
511i9
511,8
51118
14.000
1,500
15.000
2,000
10,000
1,000
p.
litturet.
Firm at
Market,
12:30 P.
4
p. M.
Quiet.
Steady.
BteedT.
partliilly
l-eiadv.
}
Steady.
\
Quiet and
itead7.
some
depression.
DAILY CLOSINO PRICES OF KO. 2 RED WINTER WHEAT.
Sat.
Hon.
Tuet.
Wed. Thurs.
Fri.
fi3%
9533
9438
o
96
95
9419
Aninist delivery
delivery
c.
95
94
92
3»
September
93
92%
94H
95S8
93389353
October delivery
c. 94^8
fl33a
943t
95''>8
9414
9414
November deli^ery
c. 95%
961a
94>fl
95I8
9638
9513
953g
Deceraber delivery
o.
96% 9714
clOOi-j
1011-2
'89
delivery
loo's
9938
May,
99%
Oo^s
have been variable and unsettled,
Indian corn future
without, however, making wide fluctuations. Ttie market
has at times sympathized with wheat, at others shown
strength on adverse weather reports, and then weakened
under free receipts at Western markets, such being the course
of values to-day. The export demand has been fair, 80,000bushels being taken to-day at 55e. for No, 2 mixed afloat and
54c. for early arrival.
2 UIXED CORN
t PRICES OF NO
Tues.
Sat.
Mon.
Wed. Thurs.
Frl.
54^8
5459
S4!Si
54 >4
53
c. biW
August delivery
5438
S4ia
53^8
54%
0. 54 1«
September delivery
531a
54 5i
54
54%
53%
0.
October delivery
541a
541s
1
V
5334
5278
5338
5313
53%
0.
November dolivorv
527a.
601850^8
50»8
51
EO-'s
c.
December delivery
unsettled,
Regular
grades
Oats have been irregular and
for prompt delivery have been scarce, an\ No. 2 white clojes
dearer; but the epeculation in futures is sluggish.
DAILY CLOSINQ PRICES OF NO. 2 MIXED OATS.
Wed. Thurs.
Mon.
Tues.
Fri.
Sal.
Ang:ust delivery
ly
Aug.
4.
I>Ian. ,
Aug.
6.
Tues., Anz. 7.
Open
HlffTl
d.
d.
Lovf. Cto».
a.
588 5.'i7
631 5 33 5 31
SSI 5 33 5 31
519 5 19 519
5 13 513 5 13
511 5 18 BU
511 BU 511
511 511 511
5 11 512 611
3a\T
5 37
ju'r-Aug...
Aug.-Sept..
9
i"
September.
Dec-Jan.
..
Jan.-Feb.
..
p;
»
8ept-0ct...
Oct.-NoT. ..
Hot.- Deo...
^
Wednes., Aug.
Open
d.
August
8.
TharB., Aag. 9.
H<«)> 1,010. Clot.
Open BiQh Laui. Cloi
d.
B40 5 40
633
September. 833 6:!3
Bept.-Oct .. SSO 620
OcU-NoT... 614 615
Not. -Dec... S13 SIS
Dec.- J an. .. 612 513
Jan.-Feb. .. B12 E13
Feb.- March BIS 613
.. ..
Aug.-Sept.. B83
FrI.,
Open Bigh Low.
d.
d.
d.
d.
d.
d.
640 5 40
6 42
533
520
514
513
612
61j
6 33
6
6
6
5
6
6 42
5 35
5.35
6 22
6 40
6 83
5 42
6 36
6 35
6 23
5 41
5 33
5 40
6 34
6 34
6 20
5 40
5 33
6 33
5 20
6 13
d.
6 20
515
613
612
612
613
35
85
21
IS
518
634
5 34
5 21
6 IB
610
16 5 15 614 515
614 614 514 614
614 5 14 614 6 14
616 SIS 516 615
5 33
533
6 20
6 15
d.
538
5 32
5 33
516
513
5 12
611
611
5 12
Aug. 10.
d.
d.
616
618 614 513
613 5 13 613
6 13 618 6 13
613 614 613
5 15
Clot.
d.
5 40
6 31
534
6 20
6 15
614
513
B 13
514
BREADSTUFF S.
The
Fbidat, p. M., Auk. 10, 188?.
flour
Willi
market has been without feature of importance
week under review. Prices at times favored sellers,
a gooi demand for Uie low graice i^x export, and wilh
.or the
31
0.
c.
c.
29\
3118
31\
29%
2919
32%
29%
32%
32%
29%
3ul8
30
30%
30
30
The following are the closing quotations
FLOUR.
Pine
» bbl. $2 30aif2 80 South'noom. extras $3 253
2 453 3 00 Southern bakers' and
aaperflne
family brands
3 603
Spring wheat extras. 2 85® 3.30
Minn, clear and stra't. 3 603460 Rye flour, superfine.. 3 103
Fine
2 303
Winter shlpp'g extras. 3 25® 3 50
Winter XX and XXX. 3 65© 4 75 Corn meal
3 153
Western, &o
4 603 5 10
Patents
Brandywlue.... ..>. 3 403
2 65® 3 00
Ssathem supers
October delivery
.
2!t%
3018
3
50
4 56
3 30
2 45
3
40
OSAIN.
Quiet.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
rA« pricea are olven in pence and euha tliut: 5 63 means
5 63 64<i.. and G 01 meanx 6 l-64i
Sat.,
(Tou XL"Vn,
the check to the advance in wheat no appreciable declinetook place in its product, becauee it had not previously adv»Eced in full ratio. Stocks are small, all old and undf sirable
parcels iaviug been well closed out. To day the market was
dull, and the high grades in pretty full supply.
The wheat market was feverishly unsettled throughout the
week. Iijfluences at work were conflicting and of uncertain
importance. The weather abroad has improved, but the
reports on this point were at times quite contradictory. Early
in the wetk we bad reports of lust attacking tte springsown wheat in the Northwest and yesterday from the same
quarter came accounts of frost or danger of frost. The export
aemand continued good, and extreme prices were paid for
choice samples, which continued scarce; but ytsterday the
inquiiy on this account subsided. We shall now be in receipt
of full supplies via Erie Canal, but most of the cargoes immediately due are already sold. There may be, however, some
To-day the market awaited
re-selling, as is often the case.
the Bureau report, which was not made puV>lic till after
'Change, and there was little change in values; but there was
Scptimbfr delivery
Market,
—
.
Wheat-
0.
c.
—
Spring, per bush...
...
Spring No. 2
So
88
Bed winter No. 2... 94
HI
Bed winter
White
-..-
Com— West'n mixed.
West'nmlx6dNo.2.
85
53
54
StiMiucr su. 2
Western yellow
Southern white
54
55
'3
'3
w
3
3
3
.3
3
'a
HV
89
95
96
96
55
55
..
56
a 5/
Ryi
State
o.
<!fc
Pa.,
t$
bush.
Oats— Mixed
White
No. 2 mixed
No. 2 white
BarleyCanada No. 1
Two-rowed State
Six-rowed State
Malt— State, 4-rowed
State.
00
38
43
55
36
42
37
43
2-rowed
37 V
431;
3
3
'3
3
AefKiccLTUKAii Department August Report.— The report J
of the Department of Agriculture for August 1 respecting^
cereal crops was issued on August 10, as follows:
The Department of Agriculture reports a small a<lvance In the coii
ditiou of corn, from 93 last mouth to 95-5. Rains have been generall;
sea.souable, though in exces.s in some districts and deticicnt in othora
In Kansas, tlic Carolina.1, Delaware and New York the condition I
reduced by local droughts. In the Houthwcst, where droughts are soma
times prevalent at this season, there has been an improvciuciit, and I
large crop is already assured. In the corn surplus States a high condition prevails, with some advance over the figures of last month,
percentages of the States of the Central Valleys are Keumcky, 98
Ohio, 98; Indiana, 99; llliuois, 96; Missouri, 94; Kansas, 91, an
Nebraska, 96. There will bo a heavy crop in this region, as is u»ua
and naturallv expected in a seasonable year following one of extren
drought. A high condition of maize also prevails in the Northern borda
States and Territories, Dakota standing lowest at 94.
Spring wheat lias fallen from its high position of a month ago. TBi
chiuch bug stands at the bead of the disasters reported, involving, mon
or loss, Wisconsin. Minnesota, Iowa and Nebraska, and in places doing
serious damat'O. High temperature, excessive rains, blight, rust anfl
the armv worm, are locallv reported, but evidently witliout seriousy
reducing the general condition. IJakota stands highest, with an ave
age of 91, a loss of 7 points. Koported yields run an extreme rangefrom a few bushels to forty bushels per acre. The reduction of the p«r
ceiitaue in Minnesota is from 94 to 85 in Wisconsin, tiom 91 to 83
Iowa from 97 to 84, and in Nebraska from 95 to 84. 1 lie crop of \y a
ington Territory, Colorado .and other Territories, and of New England.
is good, and is fair in northern Illinois, northern New York and in the
high latitudes or altitudes of winter wheat States, Tho general conditkui has been reduced from 9.'i'9 to 87'3.
There are uo estimates of Winter wheat after threshing .as yet, but
viiluutary remarks of reporters make the yield better than the early
jiromlse in all the States th.it produce much of a crop. Cases of heavy
yields are reported.
The changes that have occurred in the general averages of other
crojis during the mouth are: Oats, from 9a-2 to91'3; bailey, from 91
to 89-4; spiing rye, from 96 8 to 91-4; Irish potatoes, from 05-/ to
con93-2. Tho buckwheat crop, first reported in August, averages
dition 92-5 during July.
,
« r
This exhibit docs not include modifyins changes in the first ha I 01
;
;
m
Auguat
..
..
j-ji
wet
.
.
..
AcouBT
THE CHRONICLE.
11, 1888.1
The movement of DreailstuSs to market is indicated in the
fltatemoat below, prepar>'d br un from the fl)(ures of ttie Now
first give the receipts at WestYorlt Prociuc! Etchaiii?o.
likee ana rivei Dorw, amin^rod bo ns to prflsent the comparative movement for tlio wet»k ''ndint; Aug. 4, 188^, and
^Qce Auguat 1. for eaca of the last three years:
We
m
BetHpU at—
Com.
Wheat.
Hour.
Bbli.WKUtu
OatM.
Barl«v.
nv4.
Buih.m Ibr Bluh-KU). BluhMtlht SU1A.48UM Bu. te
OhloMO
l»B«t
tCllwaakea...
ei.soij
Daloth
07,781
130.8(13
Toledo
Z.ISS
601,050
«»7.838
Detroit
Clerelind.
8U Louis
8,tl8S
S4S,8U
15,U«
8IW.251
1
531.078
1,833
85,S:U
7,840
34,000
8,000
5,800
10.37i
6.339
80,855
45.461
851,945
85.000
0JS18
Minneapolis.
ii»
1,(48.400
177
The exports of wheat from India for
season are as below:
week, year and
Week end'a Week end'g Jan. 1 10
Aug 4.
July 29.
Aug. 4.
Exporit of Wheat from Ijutta.
To Unlt<vl Kingdom
To Contlnuut
tlie
.....bush.
580,000
80,000
860,000
800,000
».600,00O
8,080,000
bosh.
600,000
660.000
18.380,000
bush.
Total
THE DRY GOODS TRADE.
New
YORK, Friday
P. M., Aug. 10, 1888.
8,837
There was a considerable improvement in the jobbing
branches of the trade during the week under review, the
Ji(S.O07
4.934
IS 550
Oil
..
1,400
88a,M(
17.788
8.H50
868.520
600
arrival of a great many retail buyers from distant parts of the
51.500
Veorla
1.83a
dO.KOO
4,800
4,400
Wtst and South having contributed to this result. These
Tot.wk. '88.
238.I3J
8.063.400
:.8J8.430
1.074.461
I0.6S3
68.83!
buyers are seemingly in very goad spirits because of the favfl»mewk.'H7.
837.217
S,3J8,0ttt
l,8r0,046
8.080 059
50.187
4B.458
Sime n k.'SO.
no.ooi 8,487,391
1,785 .8j9
1.995,800
148.130
10^,134
orable trade outlook, and their initial purchases are being
Sinct A ug. I.
made with a fair degree of liberality; but there is not the least
1887-8
233.133
8.063.400
1.816.430
1.071.461
10,653
55,833
tendency toward speculation. Businesj in commission and
188B.7'
857.817
3 33J,8i3
1.270.01B
8,080.050
88,187
49,4&8
188»-B»
333, 13«
8.457,3»1
8.803.235
8,450,041
18J,769
193.89'
importing circles was comparatively light as regards trans* Inelade one week extra
actions with wholesale buyers on the spot, but the growing
The exports from the several seaboard ports for the week activity of the jobbing trade in the West and Sauthwejt was
•ending Aug. 4, 1888, are shown in the annexed statement:
reflected in a freer re-order demand from those sections of the
country. There was a very fair movement in some descripWheat.
Corn.
flour.
Oatt.
Ryt.
Peat.
fromtions of domestic and foreign goods on account of former
Btuh.
Biah.
BUa.
Bath.
Bath.
Bttth.
orders, aad altogether the business of the week, if not quiet
KewYork 417.201 10',228
58.314
2,034
1,933
Boston. ..
up to expectitions, was at least fairly satisfactory. Values
83,607
iy,769
PorUand.
have not materially changed, and stocks are so well in hand
>foi)treaI.
93.090
lolob'y
223
23,907
Fhllwlel
18.000
17.142
18,412
that prices are for the most part firm at current quotations.
fialtiiQ'ie
143,753
33.784
Domestic Cotton Goods.— The exports of cotton goods
38!"
KOrl'iig.
69,104
597
K. Newd
1,415
this port for the week ending Aug. 7 were 1,769 packfrom
«lohm"d
ages, valued at $105,497. These shipments include 903 to Ssuth
Tot. w'k.
e35.502l
fl'me tiiuo
1887. .. 2.830.712
372,177
14'i,328
2,257
455,014
239.333
2,754
27,802
America; 334
51.525
96 to China; 71 to England; 43 to Lisbon; 33 to Mexico ; 33
to Europe, and 39 to all other countries. Since th? 1st of
I
4,173
By adding
rfaavu
thia week's movement to our previous totals
the foUowiog fliatement ot exoort^:
Flour.
*xi><irt»
to—
Com.
Stvt. l,'<7.;Sept. l,'88,|S«pt. l.'87,'Sept. 1,'88. Stpt. 1,'87. &!Kt.l,'Hf.
to A U'J.
to Awj.
to
tn Aug
to Aug.
(to.
to ,1 :g.
4. 1SS8.
6. 1887.
1, ISt^S.
8, 1887.
4, 18S8.
8. i!ia7
A
7,011.SD2
353.840
6.342.'?0l
8.s0. Am...
0^.133
1,015,883
Wc«t Indies.
BnUCol'mes
931.073
811.017
3G.643
763,219
496,857
38.843
..
•Otk, oountr's
517.183
Total..
9.173.379
Bmh.
Biish.
Hush.
18.772,173
41.477.539
15.717,155|23,8?,3.071
H.lol.8i2 38,57 J.3«
4,072, 112 10,233.9 79
BblK.
b:>i>.
Cn.K DKdom
•Continent.
we
46.335
26.955
47,922
3,081
4,505
53,994
144,746
88.051.8,14
81.218.862
Biuh.
1
232.6T0
430.123
73.581
34.450
753.637
519,083
35,449
59.384
20.550,391 35,239,818
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Aug. 4, 1388 ;
In itoreat—
York
Hew
Do aQoat
Albany
Buflalo
CtlloaKO
ifllwaukee
Buluth
Toledo
Detroit
Oswego
Bt. Louis
Do
Wheat,
bush.
Corn,
915,844
23,610
Oatt,
bttth.
btuth.
500
11,000
1.129.670
2,514,548
2,082
2,3.39,670
130,243
531,726
81.420
203,420
30.010
1.744.909
5 062.9 2
1.018.094
5.000
I,4<i8,397
artoat
Clnomuati
Boston
Toronto
Montreal
Phlladelpma
101,700
13,000
9,244
42.825
26.000
341.649
37,500
84,000
233,096
128.295
22.700
24.000
12 ,284
728,998
3.329
1,310
7,797
9,689
106,320
Bye,
buth.
1.081
Barley,
buth.
6,456
18i,3b0
23,635
38,718
24,617
2,233
31,911
17,341
to Central
B.'own cottons spicially adapted for conversion purposes
were fairly active at times, and there was a somewbat freer
repeat demand for bleached shirtings, but colored cottons
ruled quiet in firit hands. Print cloths continued in gojd
demand, but traneactions were limited bv the meagre supply
of "spot" goods on hand. Stoctss last Satu day, and for the
three previous years, were as follows
Slock of Print Cloths—
Held bv PioVidcnce manufrers.
li'557
2,913
5,978
561
aOiOOO
5,393
5,000
1,279
2,000
135
50,753
1,891
;
Januarv the exports aggregate 93,078 packages, value i at
Of this total China has had 35,534 packages
$5,617,685.
valued at |1,795,274, and 20,664 packages, valued at 11,335,069,
have gone to South America. For the same period of 1887
the exports to all ports were 123,054 packages, valued at
$7,297,044, of which 64,695 packages, valued at $3,084, 984, went
to China, and 24,629 p3cksge=>, valued at $1,767,711, to South
To the same time in 1838 the total shipments
America.
reached 139,403 packages and in 1835 were 113,747 packages.
The demand for staple c3tton goods at first hands was steady
but moderate, no special activity having been noticed in
fabrics of any particular clas?. Prices ruled fairly steady all
along the line, and stock are well conditioned as a rule, several prominent makes of brown cottons, cotton flannels, &c.,
bfing under the control of orders for some time to come.
Fall iiiver manufacturers
rrovldeucc, speculators
Outside speculators
(est)
Total itock (pieces)
15.000
100,564
16,380
73.188
100,333
90.263
43,265
1,320
America; 23 J to the West Indies
:
1838.
1387.
1886.
Aug. i.
7,000
None.
None.
5,500
Aug. 6.
150,010
1H5,000
72,000
85,000
Aug. 7.
74,000
12,500
448,000
1883.
29,0(iO
94,1)00
Aug. 8.
415,000
259,000
320,000
25,000
2S5,Oi;0
222,000 1,279,000
Pi inted calicoes were in fair demand, and mostly steady in
and there was a moderate bujioess in printed sateens,
25,t,ll7
29,238
2,500
gmghamf", and cotton dress goods at unchanged figures.
3.0,278
.'0,324
DOME&Tic WooiiEN Goods. Although buyers of men's-wear
Peoria.
7.100
84,864
i'423
Indlunupolis
woolens ba«e shown a good deal of conservatisn in thpir pur132,lrt7
31.849
630
Xausaa City
95.422
79,692
1,046
chases of light weight clothing woolens, orders were more
Haltiniore
.,
1,023,945
202.802
numerous tban of late, and reached a fair ag<reg4te amount.
Minneapolis
5,231, Mi2
3,525
2,100
Heavy woolens were quiet in demand, but tliere was a steady
8t. Paul.
45,000
On MlsBlsslppl
148.200
218,100
5l).500
m<ivement fii some descriptions on account of back orders,
On iMkea
1.182,528 1.481,515
119.022
and stocks are in pretty good shape as a rule. Overcoatings
'Oncanul & river.
930,000 H. 182,900 377,100
were in light request, and there was only a moderate business
Tot. Aiii;. 5, '88.22.997.794 9,009.849 2,210..->57
152.945
143.097 in cloakings, Jersey cloths and stockinets. Light-weight
Tot. July 28, '88 22,190.867 8.374,050 2,68;'.830
130.918 144,196 satinets have shown rather more animation in firxt hands,
rot.Auj,'. 0. •87.33,091,097 7,309,143 2,808,400
305,411 12. ,923 and moderate dealings in Kentucky jeans aud di)e.4kin3 were
rot.Aii^. 7, '80. 30,732.874 8.695.346 2,1)21,231
420,847 252.884
TotAujj. 8, '83f. 39,140,239 4,300,722 2,386,298 176,033
Flannels and blankets
105,786 ri ported by mill agents and jobbers.
were rattver mere KCtive in j jbbing circles, but the riemand at
1 Minneapolis and 8t. Paul not Included.
fiist hands wi^ only moderate, and there was a limited busiAccording to Beerbohm's London cablegram, the amount of ness in ore 8 gnods, shawls, skirts, wool hosiery, underwear
wheat and corn on passage at the dates mentioned stood as an'l f 4n"y knit woolens.
loIlOkVB:
price,
—
FoEEiaN DuY GooDS.^There was a slig'-iMy improved defor foreign goods at the hands of importers and I'eading
Week ending Aug. 1. jobbe.'s, an 1 ii lair disiributioa of cer aiu f .ibrics wai made
1^ thw f.rmB,- in execution of importation orders on recwd.
Corn.
Wlitat.
Cor'n.
'Ibere w is, h 'WnviT, very lifttle spirit m the demand for any
411,000
2,007,0001 382,000 particul r cl<t4a uf goods, and buyers are evidently dijposed to
mand
ir««*
Grain onPaatage.
ending Aug.
Wheat.
8.
j
To
United Km^dcui.
.qre.
XoCuutiueut
Total quarters
Equal In bu.'iUels
Baineweekin 1887..bu.>*h,
1,974,000
34j,000
2,31f;,000;
30,000
278,000i
45,000
441.000
2,2S5.000[
427,0(K)
18.5jJ.0lX} 3.528,000
19.800.000 3,408.000
1^280.000 3.4U!.0OO
ItTllB.OOO 3^10,000
Bomewh it cautious policy for the present. S'.aple
are generally s.eady \a price, and oertaia kinds of
German hosiery have lately advanced in th ) manufaoturing
centres abroad.
pursue a
f..t>ricB
.
.
THE CHKONICLE.
178
®ompRuUs,
'^vnst
NEW YORK.
OF
...
...
73 Broadway,
CAPITAL,
SURPLUS,
eor.
Rector St.,N.T.
$], 000,000
3,000,000
IN
A LEGAL DEPOSITORY FOR MONET.
Accepts the transfer aRency and registry of stocks,
and acts as lYustee of mortcages of corporations.
Allows interest on deposits, wljich may be made
fit any time, and withdrawn on live days' notice,
with interest for the whole time they remain with
the company.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with Its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Clearing House.
Wm. Whitewright,
TRUSTEES:
James M. McLean,
Ambrose C. Kingsland,
James H. Ogilvie,
Henry A. Kent,
B. T. Wilson,
F. Kussell,
S.
Wood,
James N. Piatt,
D. C. Hays
C. D.
Wm.
Samuel
Chauucey M. Depew,
Geo. c. Magoun,
H.VanRennserr Kennedy, W. Emlcn Roosevelt.;
BXBCDTIVB COMMITTEE:
James McLean,
Geo. C. Magoun,
40 per
-
S;2,400,0O0
Cent.
GOOD AGENTS, desiring to represent the
pany, are invited to address J. 8.
Superintendent of Agencies, at Home Office.
Com.
THE
EQUITABLE LIFE
JAN.
1,
NEW YORK,
WALL STREET.
CAPITAL AND SUltPLUS, - 87,000,000
No. 49
This company is a legal depository for moneys
paid into court, and is authorized to act as guardian
or trustee.
any time and withdrawn
at
sfterflve days' notice, and will be entitled to Interest for the whole time they may remain with the
oompany.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of
business, as well as religious and benevolent institntions, will find this company a convenient deposit-
ory for money.
JOHN A. STEWART, President,
GEORGE BLISS, Vice-President,
JAMES 8. CLARK, Second Vice-Pres't.
TRUSTEES-
Wilson G. Hunt, H. E. Lawrence, [Wm. Libbey,
ClUiton Gilbert, Isaac N.Pheips, John C. Brown,
Daniel D. Lord, Erastus Cornmg,; Edward Cooper,
Samuel Sloan,
8. B.Chittenden, W.B'y'rdCutting
James Low,
JohnH.Rhoades,!Chas. S. Smith,
Wm.W.Phelps, Anson P. Stokes, Wm. Rockefeller,
D. Willis James, Rot)t.B.Minturn,;Alex. E. Orr,
John J, Astor,
Geo. H. Warren,! Wm.H.Maoy.Jr.,
Bliss,
Charles E.
Bill,
Wm. D. Sloane.
HENRY L. THORNELL, Secretary.
LOUIS Q. HAMPTON, Assistant Secretary.
Liabilities,
4 per cent
Surplus
BALDWIN,
O. D.
GEO.
President.
A. EVANS, Vice-President.
J. 8.
THURSTON,
Sec.
& Treas.
DiBEOTORS
John L. Hacaulay,
George A. Evans,
Bowland N. Hazard,
Granville P. Hawes.
George S. Hart,
James S. Thurston,
Alexander G. Black,
Wallace C Andrews,
John
I.
Blair,
Benjamin F. Tracy,
John S. .Silver,
Thos.
Wiliiani P.Anderson,
Jules Aldige,
John D. Kimmcy,
;::ha Ross,
V,
Payson
Goodrich,
Merrill,
Herman Clark.
Thomas C. Piatt,
John
P. Townsend,
O. D. Baldwin,
CnarlA? Parsons,
Metropolitan Trust Co.,
37 Wall
Street,
New York.
CAPITAL, . . 91,000,000
''J^^P'l'^
uesignaicd as a cgal depository by order of
supremo Court. Receive deposits of money on
nterest, act as llscal or transfer agent, or trustee
fo'!-.r|ioriil Ions, and accept and execute any legal
Knists Iroiit iM.Tsf.ns or corporations, on as favorable
terms as ot(u r similar companies.
TIio^iAS HILLHOUSR, President.
rKl'.UKUlC D. TAPPEN, Vlce-Prtsldetit.
"""""•
CilAUI.BS M. JKSUP, Secretary.!
$1,599,468 25
Premiums and Ex$788,846 38
other Stocks
Eeal Estate and Claims
otherwise
1,550,100 00
Company, estimated
$138,023,105 00
Outstanding Assurance
$483,029,562 00
Paid PoUcy-Holders in 1887.. $10,062,509 81
Paid PoUcy-Holders since organization
$106,610,293 34
Total Income
$23,240,849 29
Premium Income
$19,115,775 47
Increase InAssets
$8,868,432 09
Asset* to liabilities
12713 per ceat
& CASUALTY
IVos.
CAPITAL,
214
CO.
NEW
OF
&,
YORK,
mis Broadway.
ASSETS, about
$250,000.
$850,000
Issues SURETY BONDS, guaranteeing thefldelity
of persons In positions of trust, such as employes of
Railroads. Banks, etc.; also Administrators, Guar-
ACCIDENT POLICIES,
modern features.
containing
ROBTJ. H1LLA8,
Sec.
.
474,439
In
$12,237,283 35
SIX PER CENT INTEREST on the outstanding certlUoates of profits will be paid to the
holders thereof, or their legal represi'ntatlves,
on and after Tuesday, the 7th of February
DIRECTORS:
THE OUTSTANDING CERTIFICATES
Ass. See.
A DIVIDEND OF FORTY PER CENT
GENERAL TRANSATLANTIC CO.
Between NKAV YORK and HAVRE.
Pier (new)
CHAPMAN,
H.
J.
Secretarir.
TRUSTEES:
J.
Charles P. Burdett,
D. Jones,
W. H. H. Moore,
A. A. Raven,
James Low,
Henry E. Hawley,
Chas. H. Marshall,
James G. De Forest,
Charles D. Loverich,
John Ij. Eiker,
North River, foot of Morton St.
Kersableo ....Aug. 11, 8 A.M.
t'a Sohh A«"vS- 1?
*;™nBeul...Sat., Aug. 18, 2 P.M.
T } CU
J?S«S',".'iVw'S!
LA
AMPAUN15, Boyer
Sat., Aug. 26, 8 A.M.
Travelers by this line avoid both transit by English rai way and the discomforts of
crossing the
Channel in a small boat,
PRICK OF PASSAGE (including wlne):-To Havre-
Benjamin H. Field,
Josiah O. Low,
Edmiind W. Corlles,
Robert B. Mintum,
,!^i?'S5.5"','* "".,'.""'***'; "«""''" cabin, »lioTstelr.
"',""• "elimg and utensils.
ii'i.'„J?;^;;l'"i'"'".'*
William Degroot,
Isaac
Horace Gray,
Edward Fh -yd- Jones,
Thomas Maitlaud,
42,
Return tickets at much reduced
arorntsS.^S"""'"^""''
Special Train
Checki on
""O ^"'»' '"
rates.
""""
from Havre to ParU.
Go.ncrale Transatlantlque dellv-
oJ!;''^.S';™''ii*"'"?
."» '"h.^e '"
Now York special tickets from
Baggage chocked through to Par"
without examination at Havre, provided paasengers
nt the Companys dock in
teL''v'"'i?"!?"''?A'\9''ed
New
York, Pier 42, North River, foot of Morton
St
at least two hours boturo tho departure of a
steamer
iJfJ'
Havre
to ParLs.
LOCIS BE BKBIAN, Agent.
No. 3 Bowling Green.
I»
declared on the net earned premiums of the
Company, for the year ending Slst December,
1887, for which certiflcates will be Issued on
and after Tuesday, the 1st of May next.
By order of the Board,
^
ONL,Y
Direct Line to France,
of
the issue of 1883 will be redeemed and pjild to
the holders thereof, or their legal representatives, on and after Tuesday, the 7th of February next, from which date all interest thereon
win cease. The certiflcates to be produced at
the time of payment and canceled.
^
w
SS'
1,362,986 07
218,192 40
Bank
Amount
B- ""III
A. S. Barnes,
9l.''-rAP"'*' ^
^•B^-BtTana.haa,B.A. Hurtbut. J.G.MoCuilough,
J.p.VerraUye, T. S. Moore.
•k-E-2ni\,
'^'"'^
^"''or' J- Kogers Maiwell,
« Richards,
o,*?"'..
Wm. M.
Geo. F. Seward.
From
at
Bills lle-
ceivable
all
Also PLATE GLASS and BOILER POLICIES Of
approved forms.
A^enUWill appreciate the advantage of deallnii
with a company which does more than one line of
JOHN M. Obanb,
„
^ „
flue the
next.
THE
FI»EL,1TY
Premium Notes and
Cash
viz.:
$8,622,565 00'
$18,104,254 85
business.
Receives money on Deposit, subject to check, and
Hows interest on balances.
All Checks pass through the Clearing House.
Makes Investments of Money, acts as Executor
Administrator. Guardian, Trustee, etc.
Also, as Registrar and Transfer Agent.
An authorized Depository for Court and County'
Treasurers' Funds.
same
Loans secured by Stocks and
.... $1,000,000 „
OFFICERS:
„„
WM.M.RlcnARDB,Pre8t.
GBO.P.SEWABD.V..PreBt.
THIS :COMPANT TRANSACTS A GENERAL
liOAN, TRUST & FINANCIAL BUSINESS.
from 1st
off
January, 1887, to 1st December, 1887
$3,672,331 21
$54,378,904 85
66,274,650 00
New Assurance
Issues
American Loan & Trust Co.,
113 BROADWAY, NEW YORK.
Capita], Fully Paid,
Premiums marked
The Company has the following Assets,
United States and State of New
York Stock, City, Bank and
1S88.
Assets
I
John A. Stewart, George
Total Marine Premiums. . . $5,060,569 22
Eetiirns of
INTEREST ALLOWED ON DEPOSITS,
Which may be made
1st January, 1887, to 31st
December, 1887
$3,642,969 09
Prem'ms on policies not marked
off Ist January, 1887
1,417,60013
penses
United States Trust Co.
1887
Premiums on Marine Elsks fiom
Losses paid during the
period
President.
ASSURANCE SOCIETY.
OF
New York, Jan. 24, 1888.
The Trustees, in conformity to the Charter ot
the Company, submit the following
statement
ciples.
W. KBLLBY, AssisUnt Secretary.
Co.,
Of its affairs on the Slst of December,
CLAIMS PAID PROMPTLY.
TEN DAYS' GRACE.
ABSOLUTE SECURITY.
JAMBS M. MCLEAN, First Vice-Pres't.
JAMES H. OGILVIE, Second Vlce-Pres't
O. BONALDSON, Secretary.
A.
-
POLICIES INCONTESTABLE.
c. D. Wood,
0. Kingsland.
KING,
S1C0,000
-
Increase of Business in Force,
A.
EDWARD
-
GAFFNEY,
G.G.Williams,
B. B. Wesley,
D. C. Hays,
Insurance
Tbe most liberal and equitable contract
consistent >Tith recosuized business prin-
Sohell,
I'arker,
F. Barger.
Amasa J.
Wm. Whitewright,
President.
-
lNCKEASErNNEwB0srKE88,
A. A. Low,
ATLANTIC MUTUAL
BtANDBK, Actuary.
T.
INCBEASS rN Assets ovzB
C. Vanderbilt,
Edward
York.
OFFICE OP THE
A. Whbblwbicht, Asst. Sec
FsALEiOH, Sec.
T. FairchRd,
G. G. Williams,
R. G. Remsen,
18S0J
& 263 Broadway, New
GEO. H. BURFORD,
u. Prothingham,
George A. Jarvis,
Charles H. Leland,
Edward King,
E. B. Wesley,
D. H. McAIpin,
George 15. Carhart,
A
261, 262
I.
Wm. Alex. Duer,
States Life
COBGANIZKD IN
C. P.
Ittsuraucc.
Insurance Co.
TBB CIT¥ OF NETT YORK.
Authorized to act as Execntor, Administrator
Guardian, Ueceiver, or Trustee, and is
XLVn.
[Vol.
%nsnvtiuci^.
Union Trust Company The United
Wm.
:
Wm.
Sturgis,
William E. Dodge,
George
Bliss,
Anson W. Hard,
N. Denton Smith,
Bfell,
John
Elliott,
Ira Bursley,
C. A.
Hand,
James A. Hewlett,
John D. Hewlett,
William H. Webb,
George H, Macy,
Lawrence Turnure,
JOHN
D.
JONES,
President.
W. H. H. MOORE, Vice-President.
A. A.
RAVEN,
2d Vioe-Prealdent.
@FedFRASER