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6
HUNT'S
MERCHANTS’
MAGAZINE,
REPRESENTING-jlTHE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
NO.
SATURDAY, AUGUST 13, 1887.
VOL. 45.
1,155.
2
$76,712,000
the exchanges arising through other
business being $416,536,730 and $367,030,293 in the two years
respectively, or an excess of 13*5 per cent.
CONTENTS.
THE CHRONICLE.
Clearing House Returns
The
Immigration ami Population.. 1! 3
Boulanger-Ferry Difficulty 200
201
Monetary ana
Commercial
English News.
201
Patents and the Public
Railroad Earnings in July
Commercial and Miscellaneous
New*
202
1*9
The Financial Situation
!9o
Northern PaeilicV Accounts.. 19’
THE
195
196
....
change, U. States Securities,
8tare and Railroad Bonds
and Stocks
204
Range in Prices at the New
York Stock Exchange
205
GAZETTE.
New York
Pi ices of Act ive Bonds at N. Y.
Stock Exchange, and Range
since January 1,1837
Pric-s of Inactive Bonds
Local Securities
Railroad Earnings
Investment end Railroad News
......
(•■train
do
do
do
207
208
209
210
at Is. each.
WILLUn «. DV'A A Co., Pitbli*lier»,
102 William Street, Y1DV l'OUK.
Post office Box 95s.
HOUSE
4-24-8
55s.s10.293
551 8 71 502
\p. Cent.
|
4-12-8
(1,308.784
(+58-9)
(289,."00)! (+91-8)
(1,430.537)
(033,3 »* I
(+37*0)
(+00*9)
(20,124,000) (4-131-0)
(29,240,000)! (—40*0)
(40,549,275;
(+13-4)
82.110.981
+122
bbls.)
4,127.8 0
Balt irnore
Total Middle
RETURNS.
Chicago
Cincinnati
Milwaukee
Detroit
1
«.
ndianapolis
Cleveland
<
'olumbus
Minneapolis
Denver
St. Paul
Grand Rapids
Wichita
Pulut h*
1,078,808
839.0. >4 i
548. Veil
492,875'
93,232,256
00,009. ’ 98
8,9 9,432
12,15.8,431
1,7 **,412
’...
(30,510,00*/)
72.150.947
4.3 2.200
l,f Hs.4 70
(-3*4)
+1*7
+14*7
+10*0
1,300,3 <0
*1'7
8"5.072
+23'8
+ 1-7
+28'0
+11*3
845,099
9; >5,380
522,789
82,908,7*8:
+125
82.043,493
+3*2
57,198.072
7,85 *.09 J
11..9*,79.8 j
+10-0
+ ln
50,08.8.070
10,170.574
+10*9
+7'0
11.477,201
+140
87,787,061
70,345,900
+15-0
77,741,845
+140
58,021,24 1
00.5 10.558
10,4 53,500
-3 2
4,071 .,052
3.77+8 2
1,303,512
2,431.1 8
1,823.097
8 70,1(15
2.070.42 >
3,009,20)
1,831,732
2,920,408
4 is,910
272,.$')0
—0-0
49,377.107
8,712.750
3.973,015
3,951. O 1
1,512, >10
2,880.90 t
9, 90.9. 0
4,010,3*3
4,lt0.o 9
1,900 3-9
3.085.703
2,17 ',589
1,181.05i
1,8*4-,",2 s
274,201
Total Western
ouisville
+7’2
4-4-3
4'= *8,598
085,0 0
Topeka*
i
880, t + 1
804,0181
2,112,385
3,807.210
2,573,389
4,210,4 in
Omaha
St. Louis
St. Joseph'
New < >i leans.
970,270!
8:18.950
953.251
Philadelphia
Pittsburg
73,195,090
3,979,800
+3-7
+29 9
4-35'7
2,257.822
1,310,258
Total New England...
ill 8s.
Agents:
Messrs Edwards & Smith, 1 Drape,is’ G<rdens. E. G., who will take
subscriptions and advertisements and supply single copies of the paper
(J LEARING
*
(a5fi.pt>0]
Boston
Pr vidence
Hartford
10
London
DANA.
1887.
(2,079,750)
(Petroleum
11 28
£Z 7s.
Post Office Money • >rders.
These price* include the Investors’ Supplement, of 129 pages
isst ed once in two months, ami furnished without extra charge to
subscribers of the C’HROSici E.
A tile cover is furnished at 50 cues; postage on the same is 18
cents.
Vo umes bound for subscribers at $1 00.
H.
j
(46,599.802!
(17,554,000)
Lowell
or
WILLIAM
P. Cent.
shares.)
holes.)
Springfield
Subscriptions will be continued until definitely ordered stopped. The
pul llshcrs cannot be responsible for remittances unless made by drafts
JOHN G. FLOYD.
*
July 30.
bushels.)
New Haven
Port lund
Wo1 tester
6
1880.
*
097,451,731
(Stocks
(Cotton
206
:
$10 20
European Subscription (including postage)
Annual subscription in Loudon (including postage)
1887.
Week End'g
Sales of—
Subscription—Payable in Advance
For One Year (including postage)
For Six Months
do.
Six Mos.
ago,
Week Ending Aug. 0.
3?Jue Chronicle.
Terras of
year
Weekly R tilroadEarnings
BANKERS’
Money Market, Foreign Ex¬
a
—H-4
+9-7
+4 O'.8
4-20-9
+ '■91
+34-9
T 40'«
+200
+40*5
+4
+220
+1515
j1
1
+43-4
+18-7
4-4O"0
+9-5
—00
+10*7
+9-3
+ 19-9
+ >5'3
1.802,9 ll
1.0 1,101
+20-0
2.778.254
8-73-9
2.8 -3.4 5 4
2.100 000
4.50 4.3)7
+ 150
501,800
721,<0 •
1,34 *.10 >
*55,275
+40 1
+ 13)5*3
+72'2
-f-20‘0
+55*3
99,005,7331
95,8 7,303
+40
86,780,443
+13*3
18,032 874
l,4os,08 7
4,*45, 0 7
0,044.1 ,'4
17,815.028
7.U ,* >8 7
4,309,* 13
+4*4
17,3 * 1,30s
1,0 >7.4 .*)
1.75l,n2)
+28*1
7.210.327
5*85,22*
535,70*
5,49 ',427
993.775
779,313
5,112."27
+ 93'5
+ 1*2
+ 18-3
4.8 5 151
+8*3
+35*2
+3/-J
+51-3
exchanges for the week ended August 0 are Memphis
1 -4
917.311
-31-3*
Oalve-t
on.
1 70
520.8 3
of a very favorable character, only seven cities recording any
Norfolk
010.770
4.
44 2.8*2
+0 9
+;J4*3{
decline from the figures for the preceding week, while in
Total Southern
+20'5
+ 11*3!
30,051 0)9
40,309.52") 3
aggregate for a11 the clearing-houses there is an increase of
San Francisco
19,007,09- j
10.930,50*2
"73'9| 20.040,741 4 01*7
over one hundred and eighty-one. millions of dollars.
Of this
2*)T>! 850,329,7 33
Total all ’
! 1,037,453.020 801,"3 '.308,
-t-13'2
large gain New York contributed nearly one hundred and Outside New York..
340.01*1.8901 302.-'2 ,'M•>
301.4 58.221
+ lo 8
fifty millions, the usual monthly distribution of in.crest
Not included in totals.
Our
usual tel g aphic returns of exchanges for the five days
furnishing a portion ; but by far the larger part resulted
through the greater activity in stock speculation. The deal¬ have been received arid are givtn below. Ia comparison with
ings on the Boston Stock Exchange were a little heavier than the similar period of last week the aggregate records a co isidduring the previous week, which accounts in a measure for erab e decrease, and, contrasted with toe corns *ondmg five
the gain at that city.
di)8 of lv86, the loss reaches 12*1 per cent. The estimate
tor the full week ended August 13, Pas-*d on these telegraphic
Instituting comparison with the corresponding period of
figures, points to a decrease troiutue week of 18b6 of about 6 4
1886, we find that there is an excess in the whole country of per cent.
20*5 per cent, and that outside of New York the gain reaches
Week Ending Aug. 13.
Week End’g Aug 0.
13*5 }>er cent.
Losses from last year are shown at five cities, Returns by Telegraph.
1887.
P. Cent
1880.
1887.
P. Cent.
viz., Chicago, Cincinnati, Milwaukee, Memphis and Galves¬
ton, but the falling off is small at all points except Galveston.
%
$
I
New York
-100
428,389,482
5'‘9,905.059
+24*0
510,151,037
On the other hand, however, many
important additions to sales of Stock (shares)....
103 *,l87i
(1,700,40.) (t09'0)
(Ll 2.510) (—17 9)
the figures of last year are noticeable, and in this respect Boston
50.207, 95
03,087,4 .9
55,840,402
+0*7
+»I
57,0 53.003
-12 1
41,232,2 *3
40,921,883
+19 2
Wichita takes the lead with 151*5 per cent, followed by St. Philadelphia
Baltimore
—01
10.231.552
+ 4'7
9,055,209
9,044,025
Joseph, 93*5, San Francisco, 73*9, Indianapolis, 45*8, St. Paul, Chicago
—51
49,7 >5.402
44,027,2- *0
+3'9
42,300,000
St. Louis
21*5
10,788.73
15,290,2 73
+1*5
13,8 .'1,078
44*2, Omaha, 40*7, and Minneapolis, 40*5 per cent.
New Orleans
4,028.12 2
+7'8
3.743,837
+0 0
3,4:2.751
The business failures during the week, as
reported by
The returns of
Kansas City
+31*4
0,873.019
—
—
T-
i
^
.
J
*
»
Messrs. R. G. Dun &
Co., number for the United States 163
and for Canada 20, or a total of 183, as compared with 184
last week and 154 the corresponding week of last year.
Share transactions on the New York Stock
Exchange for
he week have reached a market value of $142,366,000 against
Total. 5 days
Estimated 1 day
Total full week
Balance Country*
Total we^k.all
*
082,212,370
130,779,229
—121
794,9 4".*299
+19-5
+5'4
145,100,240
+22 5
743,53 7,220
95,142.158
818,991,003
-9'2
910,054,530
+200
77.30 .,*252
+231
98,980,809
.838.0:9.37"
890.2**4 857
509.434.952
144.102,208
For the ful* week, based on last week’s retuxnB.
—0 4 1.030.041 4 >0
-r27*3
4-20 0
THE
190
an
SITUATION.
There has been no material change in the market for
money this week, except that whatever influence was
exerted by the little nervousness felt over possible Gov¬
THE FINANCIAL
accumulations, has been removed. Bankers’ bal¬
have loaned at the Stock Exchange at 8 and 3 per
ernment
ances
[VOL. XLV.
CHRONICLE.
increase; but cotton
The statement is as
and petroleum record a falling off.
follows.
EXPORTS OF BREADSTUFFS.
-
PROVISION’S, COTTON AND PETROLEUM.
July.
Exi'orts
from United States.
1887.
1388.
Quantities.
"Wheat
Flour
13,543,461
632,118
bush.
bbls.
1835.
18S4.
6,518,735
3,002,784
6,915,732
976,967
590,020
616, S3i
4J per cent, with renewals at 5 per cent; Wheat
9,691,472
6.2->7,574
10,915.080
10,387,992
bush.
2,832,089
4,018,742
3,282,953
1,055,728
while whatever money banks have put out on call has Corn
bush.
12,523,561
10,300,310
14,198,03y
18,043,720
bush.
been at 6 per cent.
At Boston there is an easier feeling) Total
*
$
%
*
Values.
while at Chicago and St. Louis the inquiry, especially at
9,955,023
9.951,149
6,233,782
14,860,947
Wheat and hour
1,820,507
2,329,385
1,565,174
810,054
the former city, is a little more active.
The feature of Corn and meal
202,322
80,918
0,009
3,503
Rye
^he week has been the offerings of Government bonds and Oats and meal
30-3,598
120,375
35,474
15,691
30,304
7,32 L
9,818
10,023
Barley
coupons for prepayment of interest under the circular
12,371,754
8,721,811
11,507,024
15,73 1,218
Breadstuffs
notice of the Treasury which we have commented upon
9,941,398
8,405,482
7.707,033
8,577,000
Provisions
0,130,872
3,589.994
0,870,955
4,020,356
below.
These disbursements are so trifling a3 not to have Cotton
4,017,249
4,058,900
4,7u2,s23
3,845,163
Petroleum, &c
been of any influence as yet, but the gold imports, now
33,007,273
25,430,247
30,318,440
32,178,73?
Total value, July.
31,277,203
27,774,547
37,510,970
31,291,893
Total value, June.
apparently coming in considerable volume, ought to give
27,580,443
23,3 52,331
37,705,106
20,195,109
Total value, May
us
easier money, unless speculation becomes rampant
91,934,922
82,0 13 375
100,070,576
89,665,744
Total value, 3 mos
again, which at the moment does not appear likely.
The total values, it will be seen, are $32,173,73 7,The cable reports the rate of discount for GO days to 3
months bills in London at 2@2 J percent; in Paris the open against $30,848,449 for July in 1836.
The Treasury Department has not met with remarkable
market rate is 2}2 per cent and in Berlin 1|- to If per centIn none of the European markets has.there been any par¬ success in response to its offer to pre.pay interest on Gov¬
ticular feature during the week, except the movement of ernment bonds with 2 percent rebate, which we published
gold to New York which seems to be distributed now, in full last week. The applications thus far have been
As we
coming not alone from London but from Bremen and smaller even than was generally anticipated.
Faris.
We notice by the table which we give in the write the total reported covers only the interest on $18,latter part of this article, the figures for which we obtain 233,550 of bonds, but perhaps it is too soon for the
A very
each week by cable, that the total gold holdings of movement to reach any considerable volume.
European banks was this week £1 11,647,651, against fair number of bonds, however, was offered for sale, the
XI 19,732,^44 a year ago, being a loss of about 40 million total being $5,462,000 at rates varying from 110 flat to
The Bank of England reports a loss of £191,000 112;'butthe Government accepted only one small lot, that of
dollars.
since the last report, which according to a special cable to the Suffolk Savings Bank, of Boston, for $260,000, which
was at the lowest figure.
Since the sale two of the New
us was made up by an export wholly to South America
houses
York
which
put in proposals on Wednesday have
of £70,000 and by shipments to the interior of Great
put in others, to the amount of $3,950,000, at the same
Britain of £121,000.
Our foreign exchange market has been dull and droop¬ price as named by the Suffolk S ivings Bank, but the
ing all the week. On Monday and Tuesday there was a Secretary has rejected them, refusing to entertain any
offer except according to his original notice—on Wednes¬
.pressure of long sterling, caused by the negotiation of
loan bills, while short was somewhat in request.
On days and in the regular way. With regard to the bond
Wednesday the market for both was said to be affected purchases, the offerings seem to have established two facts
by a pending loan on railroad property, the understanding —first, that the Government commands the market, not
beiDg that the loan had been arranged and that drafts the market the Government, and second that manipulators
were being drawn against it.
Yesterday the market was in money might as well keep their hands off, for there
further depressed and rates were reduced to 4*82 for long are millions close at hand that can be turned into money
and 4-84-J- for short.
It is claimed that there has been in a very brief period if the need should arise.
Probably the affair which has excited the most remark
shipped this week from London, Bremen and Paris
about $3,000,000 gold.
We have received no special this week is the Ives negotiations for gathering up the rag'
cable with regard to it and therefore cannot speak of ged ends left of his dicker with Mr. Garrett, and the gen¬
our
own
knowledge. There arrived yesterday $865,- eral assignment made by Mr. Ives Thursday afternoon.
In fact this Baltimore & Ohio deal and the Ives syndicate
000 by the Bremen steamer, consigned to Brown Bros,
and to L. von Hoffman & Co.
Just what these have all summer long occupied an amount of attention
arrivals of gold are for, in view of our trade condi¬ very greatly disproportioned to the importance of the
tion, is an inquiry which it is impossible to solve, and subject. They have been a prolific source of rumor, and
therefore helps to lessen the good effects of the movement. for many weeks, in the estimation of the street, the chief
If, because we can get it cheaper, we are borrowing in a cause for the halt in speculation. But now that the end
come the skies appear neither to have fallen nor the
temporary way a large amount of money in Europe and has
which we must pay later on, of course the retention of the larks to have been in over supply. It is, however, very sat¬
bullion can not be permanent; but if it comes for stocks isfactory to be able to say that probably no man who ha3
and bonds sold> it is a settlement of the account.
There loaned Mr. Ives money will lose a cent. We understand from
have been undoubtedly large successful negotiations on rail¬ some of the creditors that the assignment (as the assignee
road securities carried through in a quiet manner during the has stated it to be), is simply for the purpose of facilitating
the readjustment of Ives & Co.’s affairs in their relations
year, and such transactions we may presume have been
more numerous than is generally known.
Mr. Switzler of with the Cincinnati Hamilton & Dayton and other rail¬
the Bureau of Statistics has issued this week his July roads and with those who have made loans to that firm.
statement of exports of leading articles.
For breadstuffs Furthermore, we learn that if after thorough investigathe total shows very well, being over 4 million dollars tion these various affairs are found to be as represented by
larger than a year ago, and provisions also show Mr. Ives, Messrs. Winslow, Lanier & Co. will for the
cent, averaging
'
.
August
THE CHRONICLE.
13, 1887. J
and settle Ives’ Joans. In other
words the assignment is simply a method of settling the
various complications.
We had the welcome news by telegraph yesterday that
rain had begun to fall throughout the corn belt, where
they have been suffering from drought so greatly and for
so long a time.
It is to be hoped that these are more
general and abundant than the rains reported last week.
On Wednesday the Government issued its crop report, and
it fully confirms the impression as to the deteriorated
condition of corn and wheat which has of late prevailed.
As to corn especially we have to remember that these
reports were gathered the last of July, and that
until
two
since
then
and
within
days
most
visited
of the section harmed had been
with little, and a
large part of it with no rain; furthermore, that the dis¬
trict where the injury has been done covers the States
which are the largest producers of the country; and,
finally, that all of those States except Iowa and Missouri
show a decline on last year’s August averages.
The
Government’s figures, as furnished to us by Mr. Dodge,
the Statistician of the Department, are as follows.
We
give also last month’s figures and the months of previous
years for comparison.
new
owners
take
up
CONDITION OF
1SS7.
1880.
1885.
18S4.
1
1
States.
Aug. 1 July 1 Aug. 1 ■July 1
Illinois....
CORN.
-1 ug. 1
‘
i
July 1 Aug. 1 July 1 Aug. 1 July 1
O
97
80
85
103
102
95
80
102
98
83
82
S3
101
94
97
98
95
100
91
97
93
92
100
97
105
99
84
8r
05
OS
77
97
94
90
90
99
73
99
101
92
Missouri..
80
99
75
101
89
87
Kansas...
00
100
72
urn
90
Indiana...
64
98
90
95
Nebraska
Ohio
75
100
75
95
Iowa
.
.
1883.
(
-
82
90
88
93
90
or
SI
03
89
83
03
99
80
90
92
87
OS
99
OS
73
Tennessee
80
98
83
88
101
102
99
93
89
02
Kentucky.
Pennsyl’a.
78
95
87
91
90
103
91
90
97
91
Michigan
.
-
191
J une and part
of J uly put corn in the matter of develop¬
very much in advance of a year ago, which, if true,
would tend to encourage a belief that the harm done,
wherever the rains have now been heavy, might turn out
much less than supposed.
Tne Chicago Milwaukee & St. Paul in the first half of
the current year made somewhat
larger net earnings than
in the same half of 1886, but
extending the comparison
further back we find that with that exception the present
ttytal of the net is the smallest for several years. As
against $3,662,931 this year and $3,500,711 in 1888, the
amount for 1S85 was $3,910,714, for 1881 $4,170,877, for
1883 $4,221,193, and for 1882 $3,807,396.
From the
following summary, however, it will ba seen that the total
is less now than in the earlier years
simply because of a
heavy augmentation in expenses, the gross earnings of
1887 being the largest every rocorded in that half year.
ment
Mdu'aukce & St. P.
1SS7.
8
1886.
1885.
1881.
1883.
*
s
.$
*
f
|
Gross earnings
11,193.472 10,037,870 10,011,959 19,427.19 5 10,0-8,911
Oper. exp. & taxes. 7,530,541 7,137,105 0,701,245 0,250,310 0,407,748
3,002,931'
Net earnings
3,500,711
3,910,711
4.170,877
4,221,193
1882.
*
9,137,233
5,329,837
3,807,396.
These
figures are interesting chiefly as indicating that
up to the 1st of July net earnings were greater than a
year ago.
They can not by themselves be used to show
the position of the road as respects charges and dividends.
To make such an estimate wo must allow for the
disparity
in results between the first and last six months, for as we
have on previous occasions pointed out the 1st six months
always constitute the poorer half of the year. In these
six months the St. Paul has for a long time shown a large
deficiency below the amount needful to meat interest and
dividend payments, and the present year is no excep¬
tion
the
to
months
six
rule.
Thus
while
the
not
for
the
is
$3,662,931, a half year’s interest
outstanding the 1st of January is
Ay. U. S.
80-5
80-7
90
97 7
95
94
90
89
91
88
$3,370,251, leaving blit $292,680 towards meeting the
It is a little remarkable to note how closely the total
$1,526,538 required for the customary dividends on the
averages in the above for both J uly and August compare stock.
But in the last six months, as said, the net earn¬
with the same totals for the previous season.
Hence the ings are very much heavier, and latterly the company has.
inference is that for the whole country the yield even on earned the full
year’s dividends in that half year. Moreover
the same acreage, would, according to present
promise, the disparity between the two periods has been steadily
vary but slightly from the crop in 1886.
But in order growing larger, so that while till the present year the net
that the reader may correctly interpret the foregoing con- of the first half has been
declining, that of the last half has
dition figures wre have prepared the following statement been
increasing. This may be seen from the following.
in which we give the Agricultural Department’s estimate
1886.
1885.
1881.
of yield the past three years and add a column for the
Milwaukee A
St.Paul.
Cl
Xet.
Cross.
C
Xet.
| Xet.
crop this year made up by ourselves on the basis of
*
§
*
#
j
8
|
S
changes from 1836 in the August condition and in acre¬ First half
10,037,876 3,500,711 10,011,959 3,910,714 10.127,193 1,170,87?
14,030,327 0,057,438 13 801,31 1 5.990,0.-S 13,043,M)j| 5,440,193
age for each of the great Northwestern States which pro¬ Second half
Total
24,718.403
1 0,158,139 21,413,273 9,900,su2 23,470,998 9,011,370*
duce a corn surplus.
The statement is useful at this junc¬
ture and is as follows.
Thus in IS84 net of the first six months was $4,170,877, but of the second six months $5,110,493; in 1885
1 iidl ailed
18 SO.
Ck>rn Production.
1883.
1884.
with the first halt’s total $3,910,714, that of tne second
Yieh! f„r J8S7.
Illinois
1 Ml,400
209.8 18/10"
half was $5,990,OSS; in 1886 the sum the first half was
208,998,090
214,54 1,000
237
000
24 2.490,• inO
259 an.) ft, in
19.8.8 i 7,000
Missouri
only $3,500,711, but that of the second half $6,657,428,.
150.9 o,l 109
143,709,* >00
193,801,000
197,830,000
OS
99
91
88
90
90
90
93
99
89
100
90
92
92
87
85
91
90
99
84
.
New York.
the
on
debt
'
runs.
mss.
: ()4
Kansas
122,057,0!
',000
120,712.' (0
118,7 95,(
1 11.372.' O '
100,129,000
Indiana
Nebraska
Ohio
Total
Balance
Total U. S
It is very
91,3: 6,<>U(
90,204,O'0>
.s-Rj.COi
15^,399,090
131,934,000
10-*',5 0,0C0
129.12 ,U<!0
J 22,100.040
111
,805,''!00
85.393,0.10
1,210,'>30,000
1,17 5,744,090
0-5.4'! ,OM
1,000,214,000
005,22 7,000
690,! 40,00:'
019,784,432
1,09 ,:-.36.‘.0'
1,005,441,000
1,930,170,00'!
1.795,5-8,432
99!
satisfactory to note that, according to the
foregoing, even in these leading States the promise at the
date named was for just about the same amount of corn
as was raised last
year, and in the whole country 25 mil¬
lion bushels more.
So, if one could be assured that the
first two weeks in August had not added materially to the
injury done, a very fair crop would be assured. On this
jpoint it is also well to remember that common report in
or over
104,737,9' 0
three million dollars greater.
The stock market
continues dull
and
lifeless, though
somewhat stronger teme lias dev doped. The
latterly
a
influences of the week have
been
famnv.oij
rattier
than
otherwise.
They have tended to cl? up much doubt
and uncertainty.
The Ives troubles J:v :o. final y culmi¬
nated in an assignment, and Wall a aw; nrca-.-Les easier,
though why the matter should ever k.v.o uJLumci such a
prominent position in the marker as it hue hod for weeks
and months is difficult of comprehension.
However, now
it would appear to be a thing of the past, a m it remains
to
be
more
seen
of
a
whether
beneficial
its
removal
effect
than
will
did
exercise
the
re
1
[Vol. XLV.
THE CHRONICLE.
192
moval
of
various
have at
one
time
or
disturbing influences which
another been held up as reasons for
other
Assay Office paid $207,659 through the SubTreasury for domestic and $101,751 for foreign bullion
this week, and the Assistant Treasurer received the follow¬
ing from the Custom House.
The
prevailing inactivity and drooping prices. ^Foreign
exchange is declining, with gold coming here in increasing
Consisting of—
amounts, the Treasury policy is known, and its efficacy in
Duties.
Date.
Silver OerCold
U. S.
Cold.
tidcates.
been
providing relief, when relief shall be really needed, has
Notes.
Certific's.
amply demonstrated by the week’s events; all these things Aug. 5. $398,633 52
$1=0,000
$317,000
$33,000
$3 000
65,000
434.000
62,000
which had been hoped for so long have come to pass, so
4,000
6.
566,335 40
59,000
542,000
74,000
8,000
8.
679,085 28
that now it is merely a question whether the public can
65,000
836.000
83.000
>
15,0
>
9.
1,000,710 81
87.000
521,000
be induced to come in and take a hand in the speculation,
55,000
5,000
10.
670.193 8 2
49,000
356,000
3,000
55,000
11.
463,433 84
which is tbe same question that has been answered in the
$365,000
negative all through the year thus far.
Of course, Total. $3,778,397 67 *38,000 $307,000 $3,003.00-4
Included in the above payments were $L2,000 in silver
the crop situation is not as favorable as it was six
weeks ago, but we show above that
the 1st of coin, chiefly standard dollars.
August promise was for a production of corn fully
NORTHERN P AC[FIG'S ACCOUNTS.
as
large as a year ago ; in the period since then,
Though the result of the Northern Paeiffc’s operations
further damage may have been done, but on the other
for the late fiscal year (eudei June 30) is not as favirable
hand the rains this week may afford greater relief than
as seemed like’y at the end of the first six rnoiths, yet the
seemed possible, and thus reduce early estimates of loss.
exhibit is by no means unsatisfactory.
For a goo 1 part
As against the diminished yield of corn, however, there
of the
will be a greatly enlarged production of cotton.
Reports tinental year the road suffered from the war on trans-Con¬
business, while duriag the winter moot is very
of earnings continue good, as will appear by our state¬
severe weather was
experienced, which resulted in many
ments on subsequent pages.
The New York Central has
drawbacks and entailed large additions to the expense
issued its return for the quarter ended June 30, but the
account.
On the other hand, the opening of the Cascade
results do not differ materially from the early estimate of
Division was effected too late to count in the year’s
same.
The statement shows that in a quarter which is
results.
Altogether, the figures of the 18S7 operations
usually amoDg the poorest of the year, the company
with which we have been favored this week present no
earned 1*48 per cent on the stock, or at the rate of about
features of surprise.
In the following we compare gross
six per cent a year.
and net with those of the four years preceding.
The following statement made up from returns collected
1882-3.
1*83-4.
1880-7.
1885 0.
by us shows the week’s receipts and shipments of currency
Northern Pacific.
} 1881-5.
and gold by the New York banks.
$
1
$
$
$
Earnings—
the
it
a
«
tt
a
9
Week ending
Shipped by
Received by
August 12,1887.
1'. Bunks. N.
N.
*915,000
Currency
Gold
Total gold and
*085,000
legal tenders
The above shows the actual
Net Interior
Freight...
8,730.547
Movement.
Passenger
3.269,704
V. Banks.
*1,214,000
400,000
Loss
Loss..
$-'90,000
400,000
11,084,000
Loss..
$000,000
.
changes in the bank hold¬
ings of currency and gold caused by this movement to
from the interior.
In addition to
banks have lost $2,100,000 through
and
that movement the
the operations of the
Sub-Treasury, and have gained $100,000 by Assay Office
payments for gold imports.
Adding these items to the
above, we have the following, which should indicate the
total loss to the New York Clearing House banks of
currency and gold for the
ment to be issued to-day.
Week ending
week covered by the bank state¬
Into Banks.
August 12,1887.
Rub-Treasury operations
The Bank of
tenders
Net Change in
Bank Holdings.
$1,031,000
ri,900,000
Loss..
$090,000
4.9o0,000
Loss..
2,0o0,000
$5,835,000
$8,534,000
Loss.. $2,099,000
$935,000
Banks' Interior Movement, as above
Total gold and le:xal
Oat of Banks.
...
England lost £191,000 ouiliou during the
£70,000 sent abroad and £121,000
The Bank
shipped to the interior of Great Britain.
of France shows a decrease of 275,000 francs gold and
week. This represents
increase of 2,000,000 francs silver.
The
shows the amount of bullion in the principal
banks this week and at the corresponding date
an
following
Mail
350.3 47
Express
30),852
Miscellaneous
131,998
Operating expenses
0,9 >4,017
Net earnings
5,384,831
8,109,615. 7,4 4 5.200 7,005,337
2,89 7.2:8 3,075,802 4,2 47, 259
173,593
347,937
411,119
237,813
211,709
240,310
5,40 >,081
67,513
2,09>, 740
87,281
2:9.259
3 >.092
11,730,52 7 11.2 14.14 ( 12,601,575
5.9 9,30 >; 5,973,800 0,913,32 •
7,855,453
4.953.007
53.930
5,*ll.22?!
'
5 4,400
5,100.34 )
5.001,030
2.9 ) 1,392
trilling gam in Uie net as c mioared
with the previous fiscal year, the total being $5,881,831,
against $5,811,227, but that circumstance does not possess
the significance it would were the gain in gross equally
small.
Increase in the gross argues growth and expansion
—always a favorable feature, even if the increase is not
carried over into the net, owing to higher expenses.
In
point of fact, this is just what happened in the late year.
The company’s business did not remain at a standstill; on
the contrary, gross increased o^er a million dollars as
compared with 1885-6, and reached the largest amount in
the road’s history—larger even than in the fiscal year
1883-1, when, stimulated by the Cue ir d’Alene gold excite¬
ment, passenger earnings amounted to $1,237,259, against
only $3,269,704 in the late year. But this increase of a
million in gross receipts was accompaniei by an almost
This sho
vs
only a
European
last year. equally heavy augmentation in expenses (to which snow
blockades and generally severe weather in great measure
August 12, 1880.
August 11,18S7.
contributed), and it is to that fact solely that the com¬
Banks of
Total.
Gold.
Silver,
Gold.
[ Silver.
j Total.
paratively small improvement in net is to be ascribed.
£
£
£
£
I
£
i
*
In addition to its net earnings, however, the company
21,430,076
! 21,430,070
20,773,711
England
54,425,01* 45.087,731 99,513,349
48.222.70-t 47,445,781 95,008,544
France
has a steadily enlarging item of miscellaneous income.
21,574,180 19,131,820^ 40,700,Out); 20,480,150 10,274,850 30,755,000
Germany*
6,491,O'*. 13,654,000 20,145,000
0,507,000 14,940,00uj 21,447,000;
This in 1882-3 amounted to only $12,024, in 1833-4 was
Aust.-IIung’y
0,704,000 8.122,000 14,820,000
Netherlands..
5,102,000 8,207,000! 18,309,0001
4,313,0(jO increased to $78 870, in 1884-5 was farther increased to
2,875,"00 1,438.000
2,4*5,000 1,242,000
8,727,000
Nat.Belgium*
1.396.000
8,723,000
7,327,000
National Italy
6,983.000 1,118,000} 8,101.000)
$193,223, in 1885-6 jumped to $315,835, and now for
111,047,051 92,084,604 203,732,255! 119,732,844 85,972.5*1 205,705.425
1886-7 has risen to $484,281.
The miscellaneous iacome
112,041,282 92,0*4,34 4 20 4,047,6201 119.042,704 80,046,831 205.089,535
The division (between gold and silver) given in our table of com and
represents interest and dividends on investments, one of
bullion in tUe Bank of Germany and the B tnk of Belgium is made from
the principal elements in it being the dividend on the St.
the best estimate we are able to obtain; in neither case is it claimed to be
accurate, as tin se banks make no distinction in their weekly report,
Paul & Northern Pacific shares held.
In this miscellane¬
merely reporting the total gold and silver; but we believe the division
I
....
*
we
make is
a
close
approximation.
Note.—We receive the above results
not all of tin, date given at the head
returns issued nearest to that date—that
weekly by cable, and while
of the column, they are the
is, the latest reported tigures.
ous
income the company
it pays
out as rentals.
gets
back some of the amounts
Taus in the case of the St.
Paul
u
August 13,
THE
1887.]
CHRONICLE,
193
& Northern
Pacific, the Northern Pacific pays over as the retirement of the stock. Below we compare
debt,
rental a certain percentage of the gross earnings, but interest, stock, &c.,
for a series of years.
part of this come3 back in the shape of dividends on St.
Amount Outstanding.
Ju
80,’67 Jone 30,’86 June SO,'85 June 30,’84
Paul & Northern Pacific shares.
Adding on the miscel¬
$
1
$
$
General 1st mortgage bonds
laneous income the total net for 1886-7 reaches $6,369,40,878,000 44,028,00< 43.403.000 40,278,000
General 2d mortgage bonds
20,000,000 18,857,00t
18,857,000
112, against $6,127,062 in 1885-6, an increase of $242,. Missouri and Pend d'Oreilie Divs.. 5,191,500 5,351,500 5,4/3,5(H) 15,857,000
5,500,400
Dividend certificates
4,040,821
4,040,821
050.
As the charges were over $300,000 heavier thaD in
4,640,821
4,640,821
Total
70,710,321 72,877,321 72,374,321 60,270,221
1885-6, this gain was needed to make the year’s Annual .nterest on same
4,002,019
4,372,039
4,342,459
3,976,573
accounts show a surplus.
As it is, the surplus is quite Preferred stock
37,780,199 38,058,311 38,010,584 39,807,068
small and does not differ materially from that for either Supplies on hand
1,425,440
1,171,279
1,413,057
2,122,402
The
of the two years preceding.
net
increase in the funded debt is thus found to be
The following table com¬
The full interest charge on the debt as it
pares income, charges and surplus for the la3t five years. $3,833,000.
ne
1
■
Northern Pacific.
Net earnings
Other income
Total net income
Charge against income—
Rentals—St. Paul & No. Pac.
St. Paul & Omaha
1886-7.
1885-0.
1884-5.
5,811,227
$
5,200,349
315.835
0,309,11-
0,127,002
617,119
stood at the close of
1882-3.
more
$
5,884,831
484,2-0
*
1883-4.
8
•8
2,902,392
193,223
5,081,050
78,870
5,473,572
5.759,920
2,914,410
12,024
St. Paul Si Manitoba
20,708
534,640
2,090
21,4 i4
Minn. Union
44,018
44,832
No. Pac. Term
68,112
67,752
000,650
268,403
073,650
230,901
4,456,530
4,339,094
112,099
55,633
6,207,045
5,976,0-9
5,350,124
4,521,‘*8->
1,732,925
82,007
150,973
1,235,037
1,181,491
39,773
123,440
31,480
179,381
31.908
82,007
111,200i
91.900
1,055,050
1,149,583
Including 1318,284 balance of general interest
account.
Branch roads
Taxes
Funded debt interest
Sinking funds
Total
Balance
Other dedu th
us
Surplus
*
2,140
465.330; i
|
y 412,401
35,71!- !
59,07. i
352, V242,501
255,229
4,123,949 *3,853,322
50,370
3,931
242,704
141,099
1,319,003
sum
But the
quite
on
•
21,024
this
a
the year
is $4,602,619, or $146,083
paid in the twelve months. In
the charge will be increased in the
current year.
company has also listed on the Stock Exchange
than
the
amount
large additional
the branch roads.
amount of
bonds guaranteed
by it
Tnus of
Spokane & Palouse bonds
$688,000 have been put out, of Helena & Red Mountain
$400,000, of Duluth & Manitoba $1,650,000, and $228,000
more James River
Valley bonds have also been listed—
making a grand total of $2,966,000, all six
and calling for annual interest of
$177,960.
cents,
We may
per
however that the new branches will supply
enough additional earnings to take care of the augmented
charges, while the Cascade Division must be trusted to fur.
suppose
nish the increase to meet the
larger requirements on the
company’s direct debt. Moreover, a larger business may
as it was feared
at one time in the
closing months that be expected as the result of the
development of the terri¬
the balance would be on the other side of the account.
tory tiaversed by the syrstem and from the general exten¬
In the previous year the
surplus was $11 1,200 and in sion of the country’s industries.
1884-5 $91,960.
This would seem to show very little
IMMIGRATION AND POPULATION.
progress in these years, but in reality the company accom¬
plished vastly more in 1886-7 than in 1884-5. Note, for
We have had occasion once or twice
lately to dis¬
instance, that the interest charge was nearly a million cuss the necessity for placing some restrictions
upon the
dollars greater.
The gratifying feature of course is that immigration movement in order to shut out undesirable
the Northern Pacific was able to meet this
heavy increase and mischievous classes of persons. Now that the figures
in charges, and yet show a
surplus not materially different of arrivals for the late fiscal year (ending June
30) have
from that when charges were so much smaller.
The been published, it will be
interesting to consider the
heavier requirements are in large measure the result of movement in another
aspect, namely as respects its size,
increased payments for branch and leased roads.
Thus composition and comparative
extent, and its effect in
The
surplus, though only $82,067, is yet satisfactory,
the guarantee
to the branch roads in 1886-7 entailed
an
outlay of $696,650, against only $352,154 in 18.84-5.
increasing population.
The arrivals
during the late year were quite large. In
imagine that this guarantee involves in each fact, it may safely be stated that we added
considerably
case a
direct^ loss in that amount, and hence argue that over half a million souls to our population in the twelve
the branch roads are a poor investment.
Tno truth is the months in question through the influx of
foreign settlers.
branches form the strongest feature of the
system, and The.official report before us states the number at 483,116,
enable it to drain a rich and fertile
territory. We have but that is not the final statement, and does not cover
not the figures for 1887, but in
1836, according to a table quite all the customs districts, the omitted ports
usually
published in the last report, the branches fell only $161, receiving about 2 per cent of the entire movement. So
853 short of meeting their own charges and
expense?, in any event the total of 483,116 will be increased sev¬
while contributing no less than $1,097,966 revenue to the eral thousand.
But in addition the Bureau of Statistics
main line on business
has
this
interchanged with them.
year pursued the same plan as last year and
With regard to the funded debt, there has of' course excluded from the calculations the
arrivals from Canada
been an increase.
The company spent $3,702,097
and
during
Mexico, there being no law for the collection of sta¬
the year in new construction work
tistics
(mainly the Cascade
regarding immigrants coming across our frontier
lines
in
Division) and $422,385 for equipment, and the result is
railway cars; as the data, therefore, are in¬
seen on
the other side of the account in an increase ol
complete, inaccurate and unreliable, the Secretary of
$2,850,000 in the amount of first mortgage bonds out¬ the Treasury thinks it better to omit these items alto¬
standing and of $1,143,000 in the amount of second gether.
A good many immigrants, however, reach
mortgage bonds outstanding—together a trifle less than this country through the Dominion of Canada
(British
four million dollars.
During the year, too, the company steamers taking them to the Canadian seaports, and the
enlarged its stock of supplies on hand (from $1,171,279 to Canadian railways carrying them to their destination over
$1,425,446), and this, too, involved an outlay to that extent. Dominion soil), and this is especially the case when as
The amount of preferred stock was
only slightly reduced at present the tide is setting so strongly in this direction.
in the twelve months
(from proceeds of land sales), and A considerable percentage must therefore be added to the
yet the total now outstanding is only $37,786,199, against total on that account.
Altogether we think that the
51
millions originally, while there is
arrivals
$1,138,119 of
may be placed at 525,000 as a minimum, and if,
deferred payments (on account of land
as
seems
sales) applicable to
likely, the trans-Canadian movement was in pro •
Some persons
THE
194
—
portion to the size of the total movement, 550,000 would
hardly be the maximum.
Taking 525,000, however, as the probable number, the
immigration movement of 188G-7 is the largest for sev¬
eral years.
In 1S85-G without the Canadian arrivals the
total was 334,203, a^id with them, say, 375,000. As com¬
pared with this latter total, the present figures indicate an
increase of 150,000. The 1885-G aggregate,'however, was
the lowest for a number of years, so the increase is not so
important as it otherwise would lie. In 1884-5 the arrivals
were 305,340, in 1S83-4 they were 518,502, in 1882-3 they
were 003,322, in 18S1-2 they were 788,002, and in 1880-1
CG0,431.
The 1881-2 total was the largest ever
reached, and as compared with it the present total
at
525,000 shows a considerable falling off.
But
that year, as well as the year preceding and the
year following, was a period of extraordinarily large
inliow.
With the exception of these three years, the
1880-7 aggregate is the heaviest on record, as may be
seen
from the
extending back thirty
We give the 1880-7 and 1885-0
reported by the Bureau of Statistics—that
seven
as
following summary,
years.
the Canadian
Period.
Yr.
31,
1KA1*
310,100
iRr,9.»
:;7! (503
,
1851*
407,S3 {
IS" 5*
yuo h77
Jon. 1 to J tie 30,
1800
Vo. end.J’ne 3(>,
1,748,424
No. of
Xo. of
/ mniijr'ts'
Period.
Imrnij'rts
1870
247,453;
793,303
100,030
1877
141,857
;is;s.'
138,400
1880
177,820
457,257
| ;is7o
100,112,
!
| 5 years
prosperity that followed, raising the aggregate to
extraordinary proportions, so that against the insignificant
total of 138,409 in 1878, the arrivals in 1882 reached
7S8,992. Again business depression cut the movement
down, and for four successive years the decline was not
only steady, but very heavy. Revival from this depres¬
sion has now been followed by another upward turn, and
as the total for
the late year (the first in the new flood
era
of
tide) indicates, the movement has again assumed very
large dimensions.
■It will be interesting to note here a change in the composition—that is, nationality—of the immigrants. The
German element no longer predominates as heretofore.
For a number of years the German Empire furnished
regularly about one-third of the entire arrivals. Thus in
1881-2 with the movement at its highest, . 250,030 out of
788,992 were classed as Germans. In 1882-3
Germany had
194,780 out of 003,322, in 1883-4 179,070 out of 518,592, and in 1884-5 12 1.443 out of 395,-
the total of
340.
The
It
change.
that the
Teutons
1,085,305
latter
was
marked the beginning of the
not till the last two years, however,
year
change became very pronounced. In 1S85-G the
numbered only 84,403 .out of 33i,203 (the pro¬
portion'being about 25 per cent), and in 1880-7, though
there was an increase to 100,559, the proportion was only
cent—disregarding entirely in the total for
year’s arrivals from Canada, which if included
about 22 per
these two
! Yr. end. J ne 30,
n<t. Dee. 31,
5 years
1
:;(K Ok.
5 years
i
18*55
_
THIRTY-SEVEN YEARS.
!
'!
Xo.of
Yr. end. Dec.
INTO UNITED STATES I OR
Iminijr’ts I
Period.
figures just
is, without
arrivals.
IMMIGRATION' MOVEMENT
[Vol. XLV.
CHRONICLE.
would still further reduce
Natives of Great
the ratio.
Britain stand at the
head of the list
Indeed, Great Britain seems to have succeeded
entirely to the position of Germany. For instance in the
now.
tho British Isles furnished one-third the whole
arrivals, that is 100,783 out of 483,110. While in 1881-2
1S5S
1STO
387,2031 1.-82
1883=
Great Britain only sent 179,423 against Germany's 250,630,
118,010 j
3850
1,487,239; 11881
51 8 599
!
4}4 years
1800
in the late year her total of 100,783 compares with but
305,340
321,350 1885
S31 !56 * 1^1
1872
404, SCO
2,075,033
100,559 for Germany. In this immigration from the mother
; 5 years
450,803
80.7.4
18 il
country, it is not the Irish that predominate, as some might
313,330
3802
8<»,m07 lw‘l
227,403
1875.
+334,203
1880
186 i
suppose, but Englishmen and Welshmen,.for while Ireland
+483,110
1804
1,7.0,790
103,11*5! 5 years
furnishes 08,130, England and Wales supply 74,020.
In tliese years immigrants were not distinguished from other pasScotland docs not contribute a very large number, yet
0engers.
18,033 Scotchmen came hero in d SST, against 12.126 in
t Not including in 18SG-7 the arrivals at some of the minor customs
1880, and only 9,220 in 18S5. The late years arrivals
districts, usually comprising 2 per cu nt of the whole movement; nor in
are close to
the arrivals in the year of extraordinarily
188G-7 and 1SS.VG the immigrants arriving from British North Amer¬
1S6S
298,007 j
282,180A
18(50
3o2,.08
1S07
1850
,
^<
1857
•
late year
1^81
'
000,491
738,002
003,322
ibiWw
'
,
1887
*
ican provinces
and from Mexico, which for the year ended 30, 1885, heavy immigration (1881-2), when is,937
reached 88,Gi t.
record, which we have, often called
attention to, is that it shows the movement to be very
susceptible to changes in the condition of our mercan¬
tile affairs.
There are ups and : downs that correspond
A feature of this
Scotchmen
Among other countries
that are sending us increased 'numbers may be men¬
tioned Austria, Bohemia and Hungary, Russia, Finland
and Boland, Sweden and Norway and sunny Italy.
The
Italian arrivals aggregate 47,52 1, which is larger than ever
before in any single year. It is sometimes supposed that
Italian immigrants are wholly undesirable, and that they
simply add to the number of apple women and peanut
venders occupying our streets.
A good, many of them
doubtless are an unwelcome acquisition, but it is well to
note that, besides the.assistance they are in railroad build¬
ing, latterly it has become a not uin-mumon s'glit to see
them at work in the erection of building-, digging sewers,
&c., and in this hot weather they are particularly valu¬
able because of their ability to endure the beat.
To show
just what each nationality has contributed to the immi¬
gration movement in recent years, we give the following
table covering six years.
It will be observed that 1S87
shows an increase over 1SSG in the case of every country,
landed in United States
territory.
precisely with the ever-recurring rise and fall
trade.
Almost invariably the move¬
ment is heavy in times of prosperity, and small in times
of adversity or depression.
Back in 1851-7 the arrivals
were very heavy—so
much so that'the aggregate for the
live years ended with 1855 was not again reached in any
five year period thereafter till 18S1—5 (when, however, it
was
very largely exceeded),
though it was closely
approached in 1871-5. But from the time of the 1857
panic the influx was greatly reduced and the war of
1801-5 of course held the movement almost entirely in
check.
After the war, however, it again began to increase
till the maximum was reached in 1873, when another
panic occurred to damper the ardor* of intending settlers.
From this time on the decline was very pronounced. and that this follows pretty generally am increase in 1880
From that feature it is clear that the causes
Year by year the total fell, till in 187S only 138,409 immi¬ over 1885.
grants all told landed at these shores, against 459,S03 in at work in this country to induce greater immigra.
the year IS73.
With 1878 another change came, and tion again, are having a very general effect all over
the movement once more began to ascend, the resumption Europe, as indeed might be expected and is usually the
' •
of specie payments January 1; 1S79; and the marvellous case.
almost
in
business and
August
THE CHRONICLE.
13, 1887.]
immaterial
COUNTRIES FROM WHICH IMMIGRANTS ARRIVED.
Countries.
England and Wales
Ireland i
Scotland
1SS7.
1886.
1885.
IS,84.
18-3.
1832.
74,020
68,130
50,803
49,619
12,126
4S,4S7
51,795
9,226
56,800
64,747
63,344
9,000
81,480
11,850
84,054
70,432
18,937
18,(503
100,783
Total Great Britain
100,359
Germany
Austria
France
Bohemia and Hungary
Russia, Finland and Poland
Sweden and Norway
Denmark
'....
Netherlands
Italy
Switzerland
'.
British North America
All other countries
20,328
5,034
19,807
30,8n7
58,7 41
fe’500
4,506
47,524
5,213
4.
f
9,234
112,548 109, OS 120,294 158,002 179,423
84,403 124,443 179,670 104.786 250.680
16,260 11,574 13,534 10,923 13,619
6,003
3,318
3,493
3,003
4,821
12,420 15,735 23,037 16,702 15.531
21,739 20,243 17,225 11,020 21,590
40.510 34,«01 43,526 61,675 93,708
6,225
9,202 10,310 11,618
6,100
5.240
0,517
4,198
2,314
2,689
21,315 13,644 16,510 31,792 32,160
0,38 5 12,751 10,844
4,8'/5
5,S95
*
38,201 60.534 70,241 08,205
8,812 14,051 46,054
8,346
present calculation
comparatively
long period, namely seven years. In this way we find
that the addition to population in the seven years
must
as our
have
been
years
arrivals from Canada
a
total addition of
during the last two years), making
11,105,473, and raising the population
01,318,339—that is, about 014 millions.
But even if
we take the annual increase at only
two per cent, or say a
million a year—even then we get a population of 60,907,-
to
AAre cannot
209.
understand
including immigrants arriving frum Hiitisli North American
provinces or Mexico.
t Not including a fe v minor customs districts ror immigrants arriving
from British North American provinces and Mexico.
| Not collected.
It lias been our custom in past years to use these figures
therefore the basis of Mr.
Elliott's estimate of 59,893,000.
•
Not
covers a
7,372,471, while in the same seven,
tlio immigrant arrivals were 3,793,002 (not counting
PATENTS AND
395.346 518.502 603,322 788,002
*
195
T1IE~P~IJBLIL\
It is well known that the value of patent
laws is seriously
questioned in England, and sometimes the same doubt is
raised in this country.
It was Sir William Armstrong,
we
believe—that
was
his
name
before he became
one
of
of
immigrant arrivals as a basis for an estimate of the the jubilee
peers—who took strong ground, as an inventor,
population of the'country, and the present year this plan before a royal commission, a few years ago, against the
seems especially desirable, as it was recently reported that
patent system. His chief objection, to be sure, was the
Government Actuary Elliott had placed the population
expense of defending a patent against infringement, and
June 30, 1887, at 50,803,000.
AVe do not know whether the
certainty that the inventor who had not a long purse
Mr. Elliott is correctly quoted, but if he is, his figures, in
would be defrauded of his rights.
But he had other
our judgment, seem to bo a decided underestimate.
There reasons for the position which he took. In the United
increase in population, namely
are two elements in the
States there are probably many cases similar to one which
immigration and reproduction, and the starting point of is within our knowledge where one room in a factory has
course in
any calculation must be the Census taken in 1880, been
kept locked fur thirty years, lest the secret of a
showing a population then of 50,152,800. The immigration machine there in operation should be revealed. Into that
movement, as we have seen, varies greatly, but in the room the
Superintendent would not be allowed to take his
figures above of the yearly arrivals we have a more or own brother. This precaution is deemed bettor than the
less accurate gauge for measuring the additions in that
security of a patent.
wav during the last
seven years.
"With regard to repro¬
But in general the usefulness of patent laws is admitted
duction, the case is different. There we must rely almost —to the
country in stimulating invention, to the inventor
entirely upon past results and experience, and this is con¬ in enabling him to secure the fruits of his labor ; and we
tained in the following' table of the changes during live
fully sympathize with a writer in a late number of the
•decennial periods.
Nineteenth Century who places the facilities for obtain¬
RELATION OF 1M MI
IoN TO RORU RATION.
ing patents and the protection given patentees in this
/’(
Each T<
Each Ten Years.
Ct. Inert
Yrs.
Tnt
country among the incentives to progress here which
I'oimlut imi
Great Britain enjoys to a much less extent.
But, like
l.- at-hit]
Tot'd
of whirl1
of whi:h by
Each T,ntk
Years.
Thai
percent'[It by Immi- Ine.hyUt'Ln\migra¬
Year.
many other good things, the system is capable of being
inrn
Jncreasc.- [/ration. Itrotlnct'n
tion.
abused.
As it is established in this country it has
2S-02
,‘{2 07
1810....
17.009,453
4-65
•1,203,4 .".3
509,125
developed some evils of serious magnitude that deserve
.RVI
/■
reuse
n
use
a-c.
•
23.191,876
0,122,123
1.653,275
35 87
9-0S
20 19
I860....
31,443,321
S, -51,115
2,039,536
35-58
1 1 38
21-20
1870
3S.55S.37L
7,115,050
2,281,142
2261
7‘25
1 5-38
1850
...
...
-
1880...
50,152,806
11,51)4,405
2.812,191
30 >7
7 29
22-78
Thus the addition
by reproduction between 18 70 and
cent, or an average of say 2-28 per
cent per year,
lift the ratio of increase, it will be seen,
has been steadily declining, it having been 28-02 per cent
in 1830-40,. 20-10 per cent in 1810-50, and 24-20 per cent
in 1850-00; so that the 1880 percentage was the smallest
of any ten-year period given, except the one just preceding
1880
was
22-78 per
(1860-70), when
war
reduced the increase.
decimated the population and hence
From this
declining ratio some may
likely to he a further
Bearing in mind the well,
draw the conclusion that there is
decrease in the current decade.
known fecunditv and much greater number of the foreign
portion of the population, we haully think this conclusion
Still, granting a further decline, we cannot be¬
lieve any one justified in putting the ratio of increase lower
than 21 percent, for that allows for a reduction of 1-78
per cent, while the reduction in the twenty years to 1880
was but 1*42 per cent.
Taking, then, 21 per cent 'as the
basis 'of increase in the present decade, we get a yearly
Of course in any given period
average of 2-10 per cent.
the percentage of addition in the earlier years will of
warranted.
necessity be lighter than in the later years, but that is
attention, and should be remedied by a revision of the
patent laws.
One of these evils is the penalty to
which innocent users of patented articles are sometimes
subjected. A traveling salesman goes into a AWstern
town and exhibits a new article—a pump, a corn-sheller, a
door-lock.
It takes the fancy of the farmers and they
buy. A month or two later they learn to their dismay
that the thing is an infringement of a patent, and they
must pay a
royalty to the owner of the patent.
It is not easy to devise any law that will stop such
practices and do justice to all parties. For the patentowner
lias
law, to
a
certainly a light, under the theory of the
profit on every separate application of the prin¬
ciple of the patent. And on the other hand the pur¬
chaser of the infringing article could not be expected
to know that the principle was patented, and that he was
coming under a penalty; nor, probably, would he have
bought it if the royalty had been added to the price he
paid. Through no fault of his own lie must either throw
away the money he has spent or spend more.
The real
offender, of course, is the i»aker and vender of the
infringing article, if, as is usually the case we presume, he
was aware that he was trespassing on the rights of others.
He, however, is too often an irresponsible person who can
laugh at any number of court decrees. Tuu patent owner
can get little satisfaction out of him.
THE CHRONICLE.
106
Nevertheless, it does seem as if some improvement upon
the present system might be discovered.
In some form or
other it should be required that the patent owner give notice
that a certain device, which he describes, for doing a par¬
ticular service, has been protected by letters-patent, and no
man
who uses that device, having done so innocently,
when no notice lias been given, should be liable therefor.
Even then every man who did not keep a very sharp eye
on what
is going on in the world would buy any new
thing at his peril. This is a great country, and it has a
great many newspapers, and the chances would be many
millions to one against the notice meeting the eyes of
those who would be deterred by it from buying the pirated
article.
Still, it would be something—a step in the right
direction—and the more important the invention the more
likely would it be to be talked about. This, however, is
merely a suggestion which is offered in lieu of something
better.
We hope the necessity for some protection of
innocent people, quite as important on the whole as the
protection of inventors, will cause legislators to give serious
thought to the problem.
There is another evil, which is capable of a complete
remedy. We refer to the very common practice of patent
owners,
particularly when they are large and rich
corporations, of buying up every invention which will do
the
same,
or nearly the same,
work in a different
way, and suppressing it.
This is the way in which cer.
tain corporations obtain a monopoly, and use the power
acquired to “ bleed ” the public. We have in mind a very
important process of working a metallic ore, which is said
to have been bought up and completely suppressed ; and
the only reason we have ever seen assigned for so doing
was that its employment would have diminished the value
of the plant of the manufacturers who formed the syndi¬
cate to purchase the patent.
Now the Constitution, in granting the power to Congress
to make patent and copyright laws, does so in these terms:
to promote the progress of science and useful arts, by
securing for limited times to authors and inventors the
“exclusive right to their respective writings and discover¬
ies.”
This certainly covers the privilege of assigning
that “ exclusive right” toothers.
But the object of the
grant is never to be forgotten.—it is “ to promote the
“progress of useful arts;” and it is clearly the duty
of Congress to prevent any perversions of its laws to the
discouragement of useful arts. This is the case when
any invention is deliberately suppressed, for if something
useful were not thereby kept from the use of the public,
it would not pay to buy the patent right.
Some countries
have incorporated in their patent laws a provision that the
right itself shall lapse, in case of non-use. The invented
and patented article must be manufactured and kept on
sale, or the patent ceases to be operative. This is a per¬
fectly reasonable provision, and it would put a stop to, in
many cases, the present suppression of inventions, and
would make the practice less profitable than it now is,
should it still be persisted in.
In considering these and other measures for securing
to
the public the benefit of the patent laws, which is certainly
not less important than to protect inventors, it is well to
remember how these laws work in practice.
It is very
“
“
unusual for the
inventor of
a
useful
article to
retain
a
controlling interest in the patent. He sells out that inter¬
est to men financially stronger than himself, wrho
exploit
it.
Now, no doubt, these men have thus acquired a pro¬
perty right which it is the duty of the Government fully
to protect.
But whereas the community owes much
to the man who invents a
labor-saving machine, it owes
loss to those who only purchase his
patent-right. The
[VOLi XLV.
Government
might be disposed to deal liberally with the
inventor, but it is under obligation to the patent-owner,
who only buys the right and makes and sells the article,
further than to maintain his strict
no
Bear¬
legal rights.
ing in mind the almost universal habit of inventors to
dispose of their patents, it may be held with good reason
that an attitude rather less tenderly regardful of the
patent-right owners of the country may be taken, without
materially weakening the operation of the laws as promot¬
ers of useful arts and the progress of science.
BA ILBOA D
On
EARNINGS IN JULY.
its
face, the July statement of earnings seems
decidedly less favorable than previous monthly exhibits
The aggregate increase over the corresponding period a
year ago reaches only $2,241,538, which is much smaller
than in any other month this year except February when
bad weather reduced earnings.
Not only that, but 26 out
of the 107 roads included in our table report a decrease.
On investigation however it is found that the falling off
in results is more apparent than real, and that taking into
influences and
the
account
conditions at work the
July
exhibit is
hardly less favorable than the exhibits of the
months preceding.
Before citing the reasons to support
this conclusion, we will give the folio ving summary of the
results in each of the seven months to date, in or ler that
the reader may know the precise extant of the difference
between July and the other mouths.
Mile-age.
Earnings.
Increase
Period.
1887.
Miles
January (97 roads)..
February (101 roads)
50,1-37
53,593
55,MOO
Mar.:li (111 roads).
.
April (100 roads)
May (103 roads)
61.901
60.607
.;
60,005
62,» 2 i
B 1,751
June (1 IS roads)
July (107 roads)..T...
Wtiile
M-trcb.
1886.
1887.
1386.
Miles.
f
or
Decrease.
$
*
22,199.905
18,371,020 Inc. 3.828.885
52.980
20,762,296
58.884
5?,4Sl
28,781,619
20,'>38,442
19,025,570 Inc. 1,730.730
24,597,249 lac. 4,184,370
23.639.785 Inc. 3,398.657
57,151
20,132,332
59.002
27,577,058
23,594,531 Inc. 3,537,801
24.377.882 Inc. 3,14*9.770
53,7 )0
28,482,244
24.210,706 Inc. 2,241,538
extraordinarily laf,ge
by reason of the effects of the Inter-State law and reached
$4,184,370, yet in every month since then the gain has
been over three millions.
Ttius in April it was §3.308,657,
in May $3,537,8 01 and iri June $3,109,776, while now
for July it is, as said, only $2,241,538.
As already intimated there have been various elements
at work to make the
comparison with last year less favor¬
able than in the months prece ling, but two important
points of difference should toe observed at the outset. In
the first place a year ago in July
eamiags were very good,
the gam on 68 roads then bung no less than $3/2
47,322,
so
that the comparison now is with heavy totals.
In
June of that year the gain had been only $2,058,99() and
iri the three
mouths immediately preceding it had been
scarcely more than nominal in amount each month. In
this
in
circumstance
one
smaller
the increase was
increase
to
188G
ent
year.
than
alone
there is
heretofore.
reason
It
for
a
much
is true that prior
July results^ for two years had remained
about stationary, as may be seen from the following, and
yet the important fact remains that after a 3.f million gain
last year, ve have a further gam of
millions the pres¬
Mileage.
Period.
Earnings.
Increase
Year
Year
Year
Year
Given.
Preceding.
Given.‘
Preceding.
Mites.
Miles.
1
July. 1881 (47 roadsi.
35.111
31.424
10,749,530
17,954,311
July. 1882 vOl roads).
July, 1883 (00 roads).
July, 1884 (40 roads).
July, 1885 (00 roads).
48.042
42.581
23/449.112
54.041
49,393
31,613
29,108
47,290
24.39/,308
13.054,577
17.793,618
22.825,350
July, 1880 (47 roads).
July, 1880 t68 roads).
.Tu’y, 1^87 107 ro ds).
47,697
49,031 ~
31.751
48,128
58.750
20,48 >.24 4
or
Decrease.
$
«
12,491,254 Inc. 4,258,282
15,354,850 Inc. 2,599,401
21,057,927 Inc. 1,991.185
23,254,881 Inc. 1,142,437
13,052,727 Inc.
17.859,371 Dec.
1,850
65,753
19,578,031 Inc. 3.247,322
24.240,706 Inc. 2,i41,538
August
THE
13, 1887.1
CHRONICLE.
In the
this
the
following table we give the earnings and mileage
and last year on all roads that have yet reported for
moLth of July. It will be seen that the statement
covers
107 ro?ds.
GROSS EARNINGS AND MIT.EAGE IN JULY.
!
Gross Earnino>.
Name of
Road.
!
$
1,528+23
$
.
Atcli. Topeka A S. Fe.
Atlantic A Pacific....
Buflalo-N. Y.A Phil..
189,73 7
Bull. Roeli. A Pittsb..
13b,b30
63,353
1351,753
70,507
59,5 i )
993, 4s
—3,123
1,039
—7. i 54
+ 4 2.435
+ 52,6 2
+ 4,70^
—637
26 <
210
4a7,016
113,344
209,938
40,7-9
2o9.10 i
116,000
43,2ti0
34,300
N.O. A North East..
Vicksb.A Meridian.
VicKsb. sh. A Pae..
Cin. Rich. A Ft. W
Cm. Wash. A Balt....
Cleve. Akron A Col...
Clew A Marietta
Col. A Cin. Midland..
Col. Hock. V. A iol..
33,3w0
3. ,260
177, L77
..
48.884
19,774
27,5o8
♦Day toil Ft. W. ACliic.
206,481
25,563
Denv. A R. G. West..
Bet. bay C. A Alpena, i
Detroit Lans’g a No.. ]
672.500
97,500
50,883
83,8-<7
East Tenu. Va. A Ga
411,171
20,08-
14,54.
99.950
130,OH
141,249
2,036.721
401,6 ■ 0
116,259
2l3,t>3
+52,569
+ 25,960
I 90.726
+ -5.336
—
—2,01.
—3,693
37,,84
+ 3,30
+ . ,100
+ 33,336
+ 6,809
+ 2,700
259,70i
82,- 64
36,4
L,.»o9
»
31.600
30,860
33,u2b
8.>,742
22,43.
102,61;
331,040
2l,s7b
3b8
100
201
+ 8", 125
1,098
1,098
—1,'8.—8,441
138
14b
361
574
194
396
2.924
973
513
138
146
361
534
144
396
34,67 1
+42,7-. 4
+ 7,08>*
+ 33.823
2/3,7o3
tGrauu Trunk 01 Can
1,443,119
Gull Col. & S. Fe
2o9,b87
Houston A Tex.Cent.!
191,505
111. Central (Ill. Div.)l
585,4ol
(Southern Div.)
|
255, iOo
200,723
1,335,241
+107.-78
Gr.Rapids a Indiana.
Ced. F. A M
Dub. A Sioux City.)
Iowa F. AS. C
Ind. Bloom. A West..
Ind. Decatur A Sp—!
♦Kan. C. Ft. 8. A Gull
♦Kan. C. Sp. A Mem.
♦Kan. C. Oliu. A Sp...
Keokuk A Western...
10,200
63,318
5o,oo0
228,.81
38,4e0
13o,i>92
108,833
11,429
1,649
155,536
22,015'
16,421
[
419,718
160.397
391,661
71,631
1,25 *,774
170,460
105,454
2,511
139,545
127,828
372,i<00
90,463
27< ,53'
315,683
73,812
99,. 44
170,85*.
258,877
{Mexican Central
Milw. L. Sh. A West..
Milwaukee A North..
Minn. A Northwest..
Mobile A Ohio
Nash. C. A St L
N.Y. Cent. A Hud.K.
tN.Y. City A Norih’n.
N.Y. Ont. A West’n..
Norlolk A Western..
Northern Pacitic.
Ohio A Mississippi .
Ohio Southern
Or. R’y A iNav. Co...
Peoria Dec.tv Evans?
Pit sbiii g A W’estern
Rion. A Danville
Va. Mid Div
Char. Col. A Aug..
Col. A Gieenv. Div
W’est. No. Car. Div
Wash O. A W
Ashv. A Spar. Div
8t. Joseph A Gd. Isl.
Bt.L. A.A T.'H. m. lint
Do
< branches;
St. Louis Ark. A Tex.
8t. Louise San Fran,
fit. Pan! A Duluth...
8t. Paul Minn. A Man
Shenandoah Valley
fctaten Isl’d Rap.Tran
Texas A Pacitic
Tol. A. a. A N. Mich
Tol. A Ohio Central
Tol Pe ri t A West
...
.
1,3x0,685
196,882
109,722
7,216
2,779,198
47,364
149,8 9
302,308
1,172,108
3D', i97
41. 08
4O5.300
66,433
171,190
307,700
121,700
5u,3e0
32,oOO
47,900
9,50o
0,200
67.040
108,05/
68,34a
195,1>
519,05b
154,831
621,344
73,Ot 0
123,090
338,137
44,357
Valley of Ohio
78,423
73,287
!!51,lb2
Waha h Western
o85,l l.
.
Wheeling A. L. Erie.
Win*
onsin
central
..
Minn.8t.CVx A Wis
Wis. A Minn
Total (107 roads).
11,325
+4, '20
+ 14,92 '
+ 5.598
+28,057
+6,' 12
+ 50.91J
+ 26,4/2
+ 4,26 ■
2,023
537
511
520
511
27
160
37
330
+ 95.462
1,236
1,236
248.444
+67,24a
52,822
+ 20,:m0
+ r>5,11 2
+ 15.864
+ 43,621
573
243
345
687
600
551
221
109
687
580
+ 101,572
1,441
1,441
+ 2,704
+ 5.548
+ 05,05 2
54
54
321
533
321
511
2.778
6 lb
128
742
44,632
155,027
215,256
2,6 77,62b
44,ob0
144,331
237,256
1,100,026
3Jd,4 >1
34,906
4/1,881
73, >43
145,09.
286,598
118,10
49,24b
28,219
43,06a
9,' Ob
3,400
80.672
105.629
67,183
,5 2
405,267
13 ',127
571,526
1 4
66,0ub
118,604
42o, 120
29,465
67,759
66,953
19.659
+ 72,382
—24.934
3,082
+7,002
12752
2o-t
367
77*
355
37.
296
29t
50
70
252
19
18a
735
16,581
—6,9 M
+ 26,099
+ 21,102
+ 3,600
—
+
1,65-1
+ 3, al
+ 4.832
lOu
+ 2, ► Oi
—
616
204
315
774
355
375
29a
285
50
225
70
25 *2
195
13a
735
877
225
+49, - la
+ 7,Ouo
+ 4.4SC
1,653
1,503
255
21
255
21
—27,98.1
+ 14,892
+ 10,• 64
+ 0,334
—2,405
+ lo6, -40
1,487
1,487
172
213
247
75
130
215
247
75
l,lle
1,116
+ 4,146
+ 54.167
+13,1 in
+ >>0,157
186
441
107
186
441
176
85
13,632
+ 2,423
—
+ 1.162
+ 45.713
+ 113,789
+15, < 6 4
1,01
107
26,482,244 24,240,706 + 2,241,536 61,751 53,750
♦Includes three weeks only of July in eaoh year,
t For lour weeks ended July30.
{Mexican currency.
Tl.Coke strike reduced earnings this year.
2,0-3
1,159
160
330
•
3b,79
1,2/0
+ 2,164
'
794
7o
143
184
532
152
389
2-2
174
149
11a
54a
6o
354
2o3
655
513
953
711
7o
143
184
532
152
389
282
174
148
115
548
63
354
2a3
+4, 05
79.816
171,75/
—
2,924
+ 20,854
-132, 65
5djOb /
44a,- 7i
5 -,4 32
117,58 >
2 >,68 >
59,578
+ 5,958
+ 10,041
—1.435
+ 26,261
+ 41,422
67,411
170,465
77,643
—2,716
110,731
Lake Erie A Western.!
Lehigh A Hudson...
Louisv.Evans.& 8t.L.
Louisville A Nashv... j
Louisv.N. Alb. A Chic.
Louis. N. U. A Texas. !
Mari. Col. A Northern Ii
Marq. Hough. A Go.. |
Memphis A Cliar’tou. |
—1,20<
—2,879
13,079
06,0.>4
44,5 42
21a.2 w
39,91 a
21.290
Long Island
+ 18,644
+ KI.5-H
—2.987
588,43a
2o7,L‘m
23,454
15,54 >
Kingst. A reinbroke.. I
+ 23,04b
190,443
174,91b
243
336
295
196
166
266
-18,72'
65,249
312
1,317
84,53 i
179,730
.
297
266
336
295
196
369
497
+ 8,365
+ 14,-.91
+ 62,41+ 11.75+ 28,451
11,272
413
1,317
+
610,0-2
635
247
4.933
635
413
170
86
281
144
106
70
324
155
—2,59 b
—2,643
30,211
l9o,: lb
5,267
142
+ 26,357
48.38T
22,37 0
194
5 9
268
247
265
278
4.337
155
509
268
143
-1.76-
15v,82
4,651
6b3
291
990
170
86
281
144
lob
70
32 4
155
+2,440
76,o90
222.434
72,337
6-,494
Flint A Pere Marc
Fla. Ry A Nrtv Co'..I
Ft.Worth ADeuv.C’y.
818
+ 56.028
19,309
99.31 )
182,60S
167,209
1,8 16.00b
Alabama Gt.south..
2,418
818
123.328
—
1886
2,611
245,709
Cape F’r A Yaukin V.
,
-
*
+ 22r>.7l 3
+ 72,880
663
291
10i,n46
1,051,Ouo
»
1,303,1 K
1 6,857
1887.
244 20J
1 /3,36b
Californi. Southern..
Canadian Pacific
Central of Iowa
Chicago A Atlantic ..
Chic. A Eastern 111...
Chic.Milw. A St. Paul.
Chic. St. L. A Pitts...
Chic. A. West Mich,...
Cin. lud. St. L. ACh..
Cm. Jackson a Mack.
Cin. N.O. & Tex.Pac..
Increase or
Decrease.
1886.
1887.
1
Mileage.
197
Bat brides comparing
based
with Heavy totals, earnings this
less
working day, there having been
Sundays in the month of July, 1887, and only four in
July, 1886, and Sunday of course not being a business
day. It is easy to see that the loss of this day would make
an
important difference in results, but we have the means
for a graphic illustration of its effects. It was of course in
the last week of the month that the loss was felt; note now
the result according to our weekly
aggregates. In the
first week of July the ratio of gain over the same week
of 1886 was 13-45 per cent on 74 roads, in the second
week it was 14 23 per cent on 73 roads, and in the third
week it was 12-96 per cent on 71 roads, but for the fourth
week of the month the increase was only 4J per cent on
70 roads, demonstrating that till the loss of thi3 day was
encountered the ratio of improvement continued large, as
year are
on one
five
before.
In the two
particulars mentioned we have reasons of a
general nature to explain the diminished amount of
increase for July.
But in addition there wer5 also special
and exceptional influences that combined to ’make the
result less favorable
The
conditions
than
it
otherwise would have been.
agricultural products were noto¬
riously adverse to the present year. The contrast is
especially noteworthy in the case' of wheat. Last year
we had a very heavy crop of winter wheat—the present
season the yield was
much smaller. This is a circum¬
stance that has operated against all the roads in the winter
wheat belt.
But that is not the only element that has
to
as
tended to make the movement
of wheat small.
The low
prices ruling were perhaps much more important in this
respect. With wheat below 80 cents in New York and
below 70 cents in Chicago—the lowest prices in a quarter
of a century being in some cases quoted—there is little or
no inducement
for the farmer to market his supplies.
This element of price moreover applies with as much force
to the producer of spring wheat as to the producer of winter
wheat—that is, in neither case is there any inducement to
market the produce except where financial necessities
force such a step.
But there was this additional draw¬
back in the case of the spring variety; the corner at
Chicago and the high prices then prevailing, had drawn
out nearly all the wheat there was, so that there remained
comparatively little to come forward.
Not only, however, was there a smaller wheat move¬
ment, but there was an even greater contraction in the
corn movement as the. result of the diminished yield of
corn last season.
With many roads, and especially those
in the Northwest, this latter was by far the most import¬
ant circumstance.
Thus while for the four weeks ended
July 30 the receipts of wheat at the eight leading Lake
ports of the West were only 9,431,506 oushels,
against 11,725,938 bushels m the corresponding period of
1886, a loss of 2,294.432 bushels, in the case of corn the
receipts were but 3,632,330 bushels, against 7,607,855
bushels, a loss of 3,975,525 bushels. In the two cereals
combined the loss reaches 6,269,957 bushels—that is, over
6^ million. And against this heavy loss about the only
offsets are an increase of 225,123 barrels in the receipts
of flour, and of 1,615,814 bushels in the receipts of oats.
From the following table in our usual form it will be seen
that while in the case of wheat the falling off occurs
mainly at the winter wheat ports, and notably at Toledo,
the loss in the case of corn is found almost entirely at
Chicago, and this latter sustains the inference of a very
heavy decrease over Northwestern roads—a falling off
for instance in the movement from Iowa, where the crop
and River
in 1886 was over
previous season.
43
million bushels smaller tian in the
THE CHRONICLE.
198
BECEIPTS of flour
and
grain
ended july
for four weeks
1.
30
AND SINCE JANUARY
Flour,
Cobh.)
Chicuao—
4 wks. July, 1887
4 wks. .luly,
Since Jan. l, 1887
Since Jan. I, 1880
Milwaukee—
4 wks. .Inly, 188?
4 wks. July. 18.8*5
Sine ‘ Jan. 1,1>S7
Since Jan. 1, 1880
255.152
.8.4 0.774
817.710
1,400,514
12.088,.501
1,020,710
4,114,077
471,704
Oats,
(bush.)
Com,
(bush.)
Wheat,
(bush.)
Rye,
(bush.)
(bush.)
RECEIPTS
170,880
80i,217
407,348
20,245
4 (0.205
35,520
1,484.051
2,100,790
Sf5 i 1, ioD
570,048
810,500
3.08*5,270:
1 1,110
1,13.5,040 1 1,070.930
00*5,70 i 1,744,855
130,320
06,7.8)
4.20.88,1
Toledo—
4 wks. July. 18s7
4 wks. .July, 1-8(5
Since Jan. 1, issr
17,(575
10.212
151.072
Since Jan. 1,18815
1:7.525
Detroit —
4 wks. July, 188/
4 wks..! ul
bvs i
Since J m. 1, 1H»>?
8,870
12,157
05.085
1.1-2.1 2
3,3 14,0 i 2
Since Jan. 1, IMS'".
8 -.127
3,081,737
17.0 8
280.2:51
2o;.ii i
19.370
28.’/ 00.
11.1,112
1,13:5,02/
080,742
58:5,58 ij
023,908
<V2:r>
200,050
(5,1*25
40,0--5
00,18 42
40, lo()
470*) 75
319.90')
21 2,900
j
1^,0 >7
125 15:1
Mobile
51
00 /-
173
50
40
3,701,430
470,353
175,713
5j
Savannah
102
3,55 >
39,138!
0,2 5(5
21,514!
82,568
M.Tls:
1*12.7.3
758.279
135.* 1 1
309,393
1,0 14.57 0
1,(51 1,010, 1,030,751
50)
17.075
19.955
97,48-5
00,091
61,3*58
35,72 L
Port Royal,
Wilmington
468,3)0
37(5,010
Since Jan. 1,1886
Duluth—
4 wks. J ulv, 1887
188,725
Total
125.158
125.103
818,0 ,0
727,915
625
.119,493
7,122
23,835
1,013(500
14,4^0
47,6)0
76 4,430
5,278,835
12,159
344,409
20*5,5*18
323,009
174,599
3,121,75**1
8,7; 0,(5001 0,123,575
143,478
19.750
408,220
7-55.700
Since Jan. 1, 1887
Since Jan. 1,188 5
585,850
4,083,404
5,2 4*5,300
010 208
9,131,503
11.72 >,038
!
I
Total of all—
4 wks. July, is87
4 wks. July, 188(5
4 wks. July, 1885
Since Jan. 1,1 >S7
001.085
408.:i?l
0,12 4,7*57
Since Jan. 1. Ihsu
Since Jan. 1,1885
4,'-'00,02 l
4,83(5,422
4.32 1.3 0
3(5,710,214
2 7,5 51,305
30,534.575
5,800,58s
07.003
178,386
T,l>( 11 ,S).) 4,244,774
7.272,028 3,872.473
39.915.210 34.021.S5S
5 5,15 4.500 38,478,040
OS.Oo)
205,858
3,032,3 50
(51,484,123 32,258,900
89,500
50,612
•
•
1,244,383
1,517,450'
928,056
0,950
44,914
40
1S5
310
5.73a
221
42
•
.
r
.
ioj
......
.
i
480
28*.
3,161
3,407
10,(56;-
20,450
3,03ui
1,203
21,482
208,816
4,604
3,632
196,007
100,497
49
.
15,165
10,80 )
3W
i
1
05
123.292
5,698
25,080
word, then, the ordinary traffic conditions, com*
prising the movements of grain, cotton, and provisions,
In
-
05,001
1,652
422,716
2.110
•
July, 188!
City, &c.
West: Point, Jtc
586,986
13:2.010
90,518
4,907
1
&c
Norfolk....
68,727
113,639
2,260
71,436
3,473
10,706
1,669
112,381
44,226
400
Brunswick, &e
Charleston
Moreheud
495
1.773
—
4 wks. July, 1887
4 wks. JuD, 1.88 5
Since Jan. 1, 1%8?
1,622
Florida
1
1887
lsso
Since Jan. 1. 1S-.7
Since Jan. 1, L88»5
500
093,101
55,343
7,513
133,020
11,552
7,706
1,087.700
Cleveland—
4 wks. July,
4 wks. Juiy,
7,504
10.782
113.732
30.319
3-5. HI
1.2-55,4 5 7
4,227,1 Jlj
158,014
'
4,815
1.001.977
2.005,318
8,(is 4 47-8
4,107,551
,
53
New Orleans
.
,
126,71
1885.
1886.
1887.
400
1,700
Inrlianoia, Ac
1/iUO
980,407
801.511
1
417
bales.
Galveston
j
1885.
1886.
1887.
FROM
Since January 1.
4,318,13-»
075,850
4,250.210
740,311
4 13.8 In
4,417,438
10.030.s2L
7,US-,0o!
.110,797,167
(3,2 -1,027
PORTS IN JULF, AND
31, 1887, 1886 AND 1885.
Ports.
'
Bince Jan. 1,18S0
80,42(5
SOUTHERN
July.
434,500
21.600
55,3001
1(50, 480
AT
COTTON
1-17.824
1 1,859
2
OF
that
353,007
11,25)
“
seen
JANUARY 1 TO JULY
i
1
be
8?, 125
64.888
2,417,742 3,358,974
08.998
0,-400,(570 2,17-8,818
2 5,2*50,072 28.125.923 - 4,248,935
32,047,888 19,550,700 | 4,004,148
81.21 1
575 57:1
4 wks.
i
nearly every port had diminished
receipts, and that for the seven months ended with July
the movement is about 273,000 bales below a year ago.
it will
|
St. Louis —
4 wks. Jul y, 1887
4 wks. Jui v, !s.si)
Since Jan. 1. 18S7
Peoria
j Barley,
ivol. xlv.
02,201
99.779
7,318.(57**
7,702,330
6,811,01,.
8.18,511
035,594
1,390,013
For the four weeks
a
while the comparison
heavy earnings in 1886, and the 1887 results
cover one les3 working day.
A gain of 2£ million dollars—
over 9 per cent—in view of such circumstances is therefore
quite remarkable, and shows strikingly the effects of
active trade and business, and the heavy building of new
railroad mileage.
In a measure, too, it reflects, as said a
month ago, the abolition of free passes, and in some cases
also higher rates on freight which have followed as the
were
is
unfavorable to the present year,
with
(and the figures in the above result of the Inter-State enactment.
only made up by weeks) Chicago thus suffered
When we come to the individual roads, we find that
a diminution in
the corn arrivals of 4,012,928 bushels.
But if we take the figures for the even month the falling though there is a somewhat larger number of companies
off is still larger, namely 4,338,846 bushels, as will appear reporting a decrease, the loss is in most cases confined to
roads in the winter wheat belt.
The heaviest decrease of
from the following table of the receipts at that port for
all is by the Chicago Milwaukee & St. Paul (jp 190,726), a
three years.
It will be observed that the decrease in road
which does not carry winter wheat.
But the
wheat reaches 672,438 bushels, and that notwithstanding
explanation as regards that company is very simple, and
a gain of over 1,100,000 bushels
in oats, total receipts of is
found in what has been said above.
The wheat corner
all kinds of grain foot up only seven million bushels,
at Cnicago brought out several weeks ago the remnant of
against nearly 11 millions last year and 10 millions in 1885the old spring wheat crop, which would ordinarily have
receipts AT CHICAGO DURING JULY AND SINCE JAN. 1.
sought a market at this time. As to the amount, if any
Jail. 1 to July 31.
still remaining behind, the low prices prevailing retard its
Ju-ty.
1387.
1SS7.
1880.
1880.
1885.
1885.
shipment. Besides this, the contraction in the corn move¬
Wheat, bush
825.8 41
4.142,921 11,033,09,3
l,U7,70i 18.950,571
1,408, i-2
ment was another adverse circumstance, though the St.
Corn.. bush.
(5,918,059
5,03.1,91' 23,322,753 38,117,-83 30,853,100
2,570.-19
Paul is not such an important carrier of that cerealas
Oats.., bush.
3,45-1,85(5
2,316,3 3
2,595,43.: 22,392,874 19,599,208 21,109.531
4 48,139
4,8 5-»
09.211
Itye....bush.
353,356
131,985
809,279
the Northwest or Burlington & Quincy.
Altogether, it is
Barley, bush.
(57,293
54,52 l
71,09 7
4,213,835
4,705,404
4,0 *0,201
not
surprising that the roads in the Northwestern section
Total grain.
7,*) )7,0i:l 10,955,30 1 19,071.879 63,274,389 6 L, 034,009 74.402.497
Flour. ..bbls.
3,457.399
401,824
277,6 i 1
293,553
3,527,395
1,080,715
should mafce only an indifferent comparison.
Here is a
Pork... bbls.
1,010
2.019
50,785
11.928
1,394
21,570
Cut m’ts.lbs. 19,009,575: 18,833,77 i 16,149.591 13 5,(190,051 07,612.081 94,025.520
summary on five roads for six years.
The St. Paul &
Lard
lbs.
7,7 l 1,4*5(1; 8,107,850
4,158,705 57,798,1 20 40,404.8 >5 31.3*51,8 42
Duluth continues to do remarkably well; aided by the
1 49,151
LivehogsW
351,58) j
502,279
2.882,2971
3,723,335
3,509,820
form
are
8
circumstance
that much traffic
now
seeks
an
outlet via
Another fact that this table
brings out is that there vva3 Duluth that formerly went through Cnicago, and the
provisions movement—at least at Manitoba also has larger earnings than a year ago (being,
Chicago. For instance, only 1,016 barrels of pork were however, still far behind its best previous total); but taking
received at that point in July, 1837, against 2,010 barrels
the five roads as a whole, their aggregate earnings this
in July, 18S6.
In cutmeats there was a small gain, but
)ear are not as heavy as in 1883, though in the interval
on the other hand
in lard there was a loss, so that the
mileage has very considerably increased.
total of the two is below a year ago.
But these are all
1882.
1834.
1885.
1«>33.
1830.
1887.
July.
small items compared with the falling off iu the number
$
*
*
*
$
i
$
of live hogs received, which, against 502,279 in 1886, this
97,212 j
96,229
09,056
85,010
99,319
Central Iowa
107,874
year numbered only 351,530.
At 230 pounds to the hog, Chic. Mil. A St. P. 1,840,000 2,036,726 1,893,076 1,049,545, 1,829,285 1,464,927
127,71 Sj
134,110
140,052
111. Cent. (Pa lines'
123,005
124,018
154,678
this falling off of 150,000 would represent a contraction
96,699
110,4)9
116,211
137,924
151,891
'139,127
St. Paul & Duluth.
60 5,15
857,780
550,387
571,5 6
St. 1 *al Minn. A M
621,314
of 34£ million pounds, or over 17,000 tons.
j (52 1,727
also
a
contraction in the
-
In the matter of ihe S mthern roads and the movement
Total
2,845,572
2.979,900
2,800,7.-85
2 890,13.
j 2,853,438
2,655,687
Of course,
of cotton, it is hardly necessary to -say that that staple
does not count for much in railroad traffic at this season,
all the newer roads in the Northwestern sec¬
tion—like the Milwaukee & Northern, the Minnesota &
and
Northwestern, the Milwaukee Lake Shore & Western, and
yet the fact remains that
compared with a year
ago, there has been a falling off, the total receipts at the
ports reaching only 10,668 bales in 1887, against 29,450
bales in 1S86, and the gross movement overland showing
a decrease of about 12,000 bales.
From the following table
as
the Wisconsin Central
lines—continue
make
heavy
gains, as heretofore, and it is owing to their competition
in part that the older systems are unable to do better than
they have been doing. Among the far*'Western and
to
August 13,
199
THE CHRONICLE,
1887.1
have good returns.
The Northern Pacific, the Denver & Rio Grande, and the
Rio Grande Western all report fair ratios of gain, though
the St. Joseph & Grand Island again has a considerable
Pacific roads there are also some that
loss.
The trunk line roads as a
noted
be
improvement over 18S6 is $590,000,
$1,200,000, the aggregate earnings of the
9 roads reaching $5,000,000, against $4,400,000 in 1886,
and $3,800,000 in 1885.
In 1882 the earnings of the
same roads were but $3,655,487.
and
1885
over
rule show moderate improve¬
of the minor ones have quite
Among the latter may be mentioned par¬
the
that
heavy gains.
ticularly the Chicago & Atlantic. The New York Central
has an increase of $101,573, or 4 per cent, and the
Grand Trunk an increase of $107,878, or 8 per cent. The
Cincinnati Washington & Baltimore, notwithstanding it
must have suffered from the diminished movement of
winter wheat,
1886.
1887.
July.
ment, while one or two
$
Atch. Top.
& S. F.
*
1,528,823
1,303,110
1,181,784
298,824
139,420
E. Tenn.Va. & Ga..
411,171
331,046
Gulf Col. & S. Fe..
l209,087
190,443
Ill. Cent. (So. Div.)
255,900
1,310,085
170,891
302,308
307,700
519,050
257,100
1,259,774
405,267
1,057,332
130,220
210,470
272,277
315,924
5,015,621
4,425,621
3.838.295
Louisville & Nash.
Mobile & Ohio*....
Norfolk & Western
Richmond & Danv
St. L. & San Fran.
Total
increased its earnings of last year $26,357,
155,027
237,256
280,598
*St. Louis & Cairo not included
$
*
1,301,639
278,037
120,432
240,049
1,00.1,104
129,323
232,022
1882.
1883.
1884.
18S5.
1,325,710
1,117,003
311,784
243,525
163,452
107,902
240,870
221,199
1,124,770
134,464
1,003,765
!85,174
185,824
219,188
191,535
259,923
272,282
244,380
359,111
270,101
330,914
3,931,442
4,002,633
3.055,487
previous to 1885.
cent, though its connecting road, the Columbus
As to the statement of earnings for the seven months
& Cincinnati Midland, has not been so fortunate and
ended with Ju]y, there is very little to be said except that
records a less, as also does
the Ohio & Missis¬
or
17 per
it is very favorable.
Out of 104 companies there are
sippi. In the Middle Western section indeed, there
are quite a few companies that have
failed to reach their only six that show a decrease, and the aggregate gain
on the whole body of roads reaches $23,733,786, or 15 J
totals of last year, because of the reduction in the volume
As a class, Southern and Southwestern roads
of the grain movement.
The Cincinnati Indianapolis St. percent.
make by far the best showing, though the Middle West¬
Louis & Chicago, the Cairo Vincennes & Chicago, the
ern lines also appear to good
advantage, and a few roads
Evansville & Indianapolis, the Evansville & Terre Haute
and the Peoria Decatur & Evansville furnish instances of elsewhere, like the Denver & Rio Grande, California
Pacific, Mexican Central, with
this kind.
On the other hand some roads in the same Southern, Atlantic &
the newer Northwestern companies, likewise have heavy
section are conspicuous for very heavy gains. There is the
Wabash (lines west of the
Mississippi) which we gain s.
GROSS EARNINGS FROM JANUARY
suppose, to
be
maintenance
of through
may
greatly
rates,
benefitted
and
by
tariffs
gener*
ally, and which reports an increase of $136,240, or
30 per cent.
The Chicago & Eastern Illinois, the Chicago
St. Louis & Pittsburg, and the Louisville New Albany &
Chicago likewise all made very good exhibits. On the
whole it may be said that results are a little irregular in
this Middle Western
etion, but that taking the aggre.
s
eleven leading roads as below, earnings of 1SS7
compare well wTith 1886 and the years immediately pre¬
ceding, though the total is below that of July, 18S2, on
gate cn
the
roads.
same
1-SS7.
1 sso.
1885.
1884.
1883.
1882.
•
*
$
*
*
*
120,093
117,070
190,123
140,923
151,703
111,949
217,198
159,743
121,355
122,891
59,331
120,199
148,503
189,820
610,782
Chicago & East.111.
Chic. & \V. Mich...
107,SOP
113,: 1-14
141,249
114,055
128,392
110,259
113,853
124,534
Cin. lnd.St.L.ACh.
209,93'-
Balt.
177.177
83.887
213,031
15O.S20
177,087
120,104
93,592
00,043
87,438
209,515
148,020
97,903
73,422
172,853
166.423
404,185
90,095
52,817
44,590
180,028
531,910
101,758
55,560
1,643,725
1,739,944
1,809,190
Cin. Wash. &
Dot. Lansing & N<>.
Evansv.&Terre 11-
l)iv.)
70,000
222,434
223,703
585,431
St.L.A.&T.lI. m'n 1
108,('"»2
Flint & P. Marq...
Grand Bap. & Ind.
Ill. Cent. (III.
“
OivS-r
branches.
Total
2,035,690
102,013
64,531
179,730
151.702
175.449
200,723
568,433
105,029
07,183
490,985
1,950,800
384.427
130,983
73,041
2,043,478
really good returns, however, we must as hereto¬
For
fore turn
to
Name of
1887.
Road.
Atchison Top. & S. Fe .
Atlantic. & Pacific
Buttalo N. Y. it Phil
Bullalo Koch. it Pitts..
*8url. Cedar Rap. Ar No
Cairo Vincennes it Chic.
California Southern
Canadian Pacific
Cane Fear it Yadkin Val
the South
and Southwest.
In Texas the
roads
cotton
that
movement
deserve
has cut down the
mention
for their excellent exhibits-
Taking the Southern roads east of the Mississippi, the
record is most striking.
The ratio of increase in some
cases is not
as
heavy as heretofore, but the gains are
nearly all large, and only two roads—one a very minor
one—show a decrease.
We have brought together
in the following a number of prominent Southern and
Southwestern roads, and compare the 1887 results on
them with the results in the five years preceding.
It will
(Southern Div.)
Cedar F. it M
Dub. it S. C
Iowa Fads it S. C
Indiana. Biootu. it West.
Indianap. Dec.& Spring.
*
Kan. City Ft. S. it Gulf.
"Kan. City Sp. it Mem..
*Kan. City Ciin.& Spring
Keokuk it Western
Lake Erie & Western
..
...
Lehigh & Hudson
Long Island
Louisv. Evansv.it Sf.L..
Louisville <fc Nashville..
Louisv. New A1b.it Chic.
Louisv. N. O. it Texas..
Marq. Houghton fcOnt..
Memphis it Charleston..
f Mexican Central
Milw. L.Shore it Wesfc’u.
Milwaukee it Northern.
Minn, it Northwestern..
Mobile it Ohio
Nash. Chat, it St. L
N. Y. Central it II. R....
tNew York City it No ..
N.Y. Ontario & West’n..
*
2.37->,08f
777.650
707.300
0.3,39<
372,127
30 1.0 1
40 5,273
5,158,60)
021,103
142.777
1 10.410
23.561
710,535
6
13,039,472
1,100,920
3,154,901
781,192
1,187,250
257,85 1
1,838,135
830,0 20
301,136
274,723
2 71,3*8
221,7-7
1,103.74 4
314.055
100,005
174,188
>3,402
835,0 74
034,272
12.0-4.602
2,56.3,258
703,20 1
1,416.100
2-2,877
1,541,217
627.53 8
7,164
414,6 30
17,112
207,00 1
158,101
16 4,730
1,17 4,7 >0
209,5 42
118,212
151,380
620,257
665,197
2,222,112
93,080
550,596
3 1,507
605,742
358,724
1,297,535
9,001,955
1,271,467
1,270,5561
4,018.1011
2,09 1,145
70,931
.
.
_
^
........
.•••..•a
........
33,940
„
........
59,392
220,870
543,696
205,037
1,037,932
9,12 4,203
1,101,829
1,237.835
3,511,457
62.050
153.087
2 19,603
777,752
2,058,014
35,131
rnmmmrnmmm
100,138
32.071
506.647
•
.
•
...
•
22,62 4
45,631
78,119
13.264
152.860
.......a
1,034.355
93,558
48^,780
311,406
1,34 <,23 >
217,709
1,298,973
76-,444
325,011
.......a
133.419
118,85)
14.506
1«8,30:>
1,077,048
142,557
1,746,018
162,397
807,738
5,903
4
43,149’
351.164!
3,427,357
230,973
1,451,833
541,497
8,708,411
3.221,655
1,020,923
515,684
884,909
2,69<>,093
1,700,093
513,282
613,20 41
117,791!
1,63 4,16 1
445.050!
7,590,307
953,06 7
830,9.4)1
5 l 4,751
690,4 9
2,110,804
1,191,213
34 4.512
22 1.013
30,683
170.260
21,766
131,852
0 3,847
1,1 1 9,104
263,5 s8
ISO, 0)3
30.033
1 ->4,500!
570 SsO1
568.880
1,2S-»,8U7|
1,125,9 >3
160,8 34
1,713,157!
1,290,038
417,009
19.504,923; 17.o90.2i8
1,914,085
319,522:
813,021!
290,582
732,721
........
.
.
a
.
.
.
a a a
a
.
a
a .
m 9
........
........
•
a
a a•-
.......a
a
a
a
a
a
a »a
a
•
« •
108,770
390,251
1
u.040
80.300,
Only three weeks of J uly in each year,
j uly 30.
-^Mexican ourrency.
t To
ram..m
0,008
20.3,226
73 3,014
21.4 22
1,484,790
—
_
10,314
55 <,281
415.203
1,2. >4.014
.
102.703
10.603
3,400.023
473,055
a
4.008
571,703
2,772,006
128,490
..
-
.......
18,133
200.815
227.702
201,375
1,061,036
...
303,t>84
172.057
301.870
1,444,022
4,228,037
,
$
103.715
58.907
586,643
12,908
71,057
2-1,077
200,698
203,382
23,007
33
Decrease.
%
$
8,244.478
1,140,3 4!
741,493
1,405,386
351,128
Chicago Milw. it St.Paul
Chic. St. Louis it Pitts
Chicago A West Mich
Cin. Ind. 8t. L. it Clue...
Cin. Jackson it Mack
Ci11. NewOrl.it Tex. Pae.
AlabamaGt. Soutli’n..
New Orleans it No. E..
Vicksburg it Meridian.
Vicksburg Sit. it Pac..
Cin. Rich, it Ft. Wayne.
Cin. Wash. & Baltimore.
Cieve. Akron & Col
('lev. it Marietta
Col. it Cin. Midland
Col. iloek. Val. it Tol...
Denver it Rio Grande...
Denver it R. G. Western.
Dot. Bay City & Alpena.
Detroit Lansing it No...
East Tent). Va. it Ga
Evansville it htdianap..
Evansv. it T. Haute
Flint <t Pere Marquette.
Florida R’v it Nav. Co..
Ft. Worth it Denv. City.
Grand Rapids A- Ind.. ..
iGrs»ud Tr. of Canada...
Gulf Col. it Santa Fe
Houst. & Tex. Central
111. Central (Ill. Div.). ..
Increase.
1.575,052
1,199,858
..
1880.
1,500,742
1,11:;,020
1.509,101
409,9 Jo
834,2 0
5,770.793
Chicago it Atlantic
Chic, it Eastern Illinois.
..
earnings of
the Texas & Pacific, and diminished the increase on the
Gulf Colorado & Santa Fe, but those are about the only
exceptions to the rule of heavy gain. The Fort Worth &
Denver has nearly doubled its total of last year.
The StLouis Arkansas & Texas, the St. Louis & San Francisco’
the Kansas City Fort Scott & Gulf and Springfield &
Memphis, and the Atchison, are some of the Southwestern
reduced
$
10,020,458
ntral of Iowa
C
...
J uly.
31.
1 TO JULY
the
a.,
a
........
T
.
«
2(0
Name
THE
1887.
of Road.
1886.
$
2,182,092
Norfolk A Western
Northern Pacific
Ohio A Mississippi
Ohio Soui hern
$
6h-7.28'
2,201,8 21
2,066.151
3 11.406
261,4 **7
Oregon R’.v A Nav. Co..
2,68(5.20'-*
2,753.194
Perm Deratur A Ev...
Pittsburg A Western
Ricnmond A Danville...
Va. Mid. Div
Char. C >1. A Ang
Col. A Greenv. Div
West. No. Car. Div
Wash. 0. AW
Ashv. A Spar. Div
St. Joseph A Gr’d isl’d..
Sl.L.A.AT.H. main line.
Do
do (branches)
St. L. Ark. A Texas.
8t. Louis A 8. Francisco
St. Paul A Duluth
St. Paul Minn. A Man...
Shen>mdo:ih Valley
Staten Island
Texas A Pacific
Tol. A. A. A No. Mich...
Tol. A Ohio Cen'ral.
Tol. Peoria A Western..)
478,891
,079,585
2,274,854
876,686
4 10,7 D*
Valley of Ohio
Wabash Western
Wheeling A Lake Erie..
Wisconsin Central
Minn. Sr. Cr. A Wia...
Wisconsin A Minn
429.121
276,o‘Mj
59.100
28.100
53,200
1 ,930
627,6 i6
673,180
S95.475
490.935
5
06,985
3,068
58,252
78.23*5
95,160
715 627
4,075,453
3,519,014
7 *3,010
113.8 38
5 6.409
367,614]
........
47.606
2,956,151
183,0181
3-,824
86.350
421.907
125.933
"
30,717
39,096
271.921
321,312
8 48,722
136,127
491,499
82.947
301.188
135.794
507,703
103,90'
403,796
1,149,910
.....
100.909
430.142
322,088
3,021,3 iO
22,888
Total (104 roads).... 176,635,922 152,922,136 !23,°86, 06
Net increase
733,786
252,320
fVOL. XLV.
fortunes, among them, not the least, that of falling into
the hands of a military dictator.
Of war, and of its evil
results, the French people have had sufficient experience;
and they have certainly no particular reason to wish for a
Tnere is, however, an element in
military dictator.
French society, which is much more sensitive than
thoughtful, which latterly has been brooding over recent
natioual humiliation, and which lives in the
anticipation
of revenge.
5,900
12,470
2,451.731
467.238
........
93,750
829.515
497,955.
361,184
3,512.809
404,289
■
66, 280
318,719
547.810
$
68,181
256.393
98.957
879.776
477,**08
2,9 (4,975
269,368
!
12.279,
1,198,495
3,194,741
468,523
Decrease.
13\(>7o
49,919
334,84-
283,2 i 1
751,415
495,147
823,'9j
2,175,-9'
810, 06
426,053
376,461
6 J4, '68
$
1,6 ^6. *>45
0,619.562
]
Increase.
CHRONICLE.
,Tais element is always in
less sym¬
pathy with the army ; and it is always convenient to the
military adventurer.
To this element, the House of
Bonaparte owed its success.. To this element, it was
notorious, General Boulanger was appealing—playing
upon its weaknesses, flattering its vanity, and encouraging
its ambitions.
Reprehensible in any case, such conduct
was
especially so in a man who had bean pla:ed by a
trusting executive at the head of the army, and in
charge of the entire military resources of the country. It
was
certainly most natural that the conservative men of
the country—the men who have the welfare of France at
heart, and who when the struggle or the disaster come3
have to bear the burden—should
the
THE BOULANGER-FERRY DIFFICULTY.
The
Boulanger-Ferry duel, which has, for the present
least, fallen through, has served among other things to
lower materially the public estimation of this notorious
French General, while confirming the good judgment of
the Government and people in retiring him.
There was a
period in his career when Boulanger was looked upon
everywhere with a certain respect and admiration. It
was claimed that he had
brought the army to a high state of
efficiency, and in so doing he became the popular idol. But
his later career appears to have disclosed a character quite
out of keeping with his earlier reputation, while explain¬
ing the evident determination shown to be lid of him
when the new cabinet was being made up.
In itself, the duel as a means of settling a difficulty has
nothing to recommend it At best it is a desperate and
brutal practice, aggravating the original wrong.
It is
seldom even fair ; for generally the challenging party
has advantages of which the other is not possessed/
la
every way it is antagonistic to the spirit of modern civili¬
at
zation.
In Great Britain and in the United States it is alike
condemned
by law and frowned upon by public sentiment.
Germany it is known only as a students folly at the
universities; and it is so managed as rarely, indeed, to
be a deadly affair.
In France alone, where since an
early date it has been a favorite mode of settling disputes,
it still prevai’s, although it is seldom now that a fatal
result follows.
More and more it is coming to be regarded
In
as
relic of
barbarous past.
As to the merits of the quarrel
a
a
between General Bou¬
langer and ex-Prime Minister Ferry, there are undoubt¬
edly differences of opinion; but right thinking people
ought to have no difficulty in arriving at a satisfactory
conclusion.
Boulanger had certainly no right to complain
that his conduct was made the subject of criticism.
He
courted notoriety.
He made a show of his plans and pur¬
poses.
If ever a public man, holding a most responsible
public office, placed himself in a light which invited, nay,
which commanded, criticism, Boulanger wa3 that man.
He had made himself prominent, not through wortny
a
but by conspicuous attitudes and noisy talk.
It
had
become
the
role
for
himself,
into war,
apparent
which
he
France
that
had
was
and, with it, into many
have
more or
seen
with alarm
tendency of events, and should have sought the
removal of this
man.'
Among the men who took an active part in having Gen¬
Boulanger removed from the war office, no one was
more active than
ex-Prime Minister Ferry.
Was it not
natural that he should rejoice when the work was accom¬
plished? Wnat was Mr. Jules Ferry’s offence? He put
forth his strength to have General
Boulanger removed
from his position as Minister of War because he believed
such removal to be for the good of France; and when the
removal was effected he was not backward in
giving
expression to his feelings of satisfaction. It may be that
in the famous speech complained of, he exceeded the lan¬
guage of propriety, no matter how true it was, when he
spoke of Boulanger as the “Saint Arnaud of cafe concerts.’
Let it be so.
Viewed in the light of what has
taken
place, how does it affect the characters of the two men?
Reluctantly, as might have been expected from the ante¬
cedents of the man, but yielding to advice, M. Ferry put
eral
himself
in the
hands
of his
friends.
If
a
duel
must
be
fought, he was willing to take his chance. Boulanger’s
challenge was accepted, but subject to conditions.. Let it
be remembered here that General Btulanger is a soldier
who has. spent his life in the army and an expert at all
military exercises, and that M. Jules Ferry is absolutely
without military experience. ' One would naturally have
expected that Boulanger would have been generous. But
look at the conditions he demanded.
M. Ferry was
willing that the firing distance should be twenty-five paces,
that the firing should be at the word of command, and
that only one ball be exchanged.
Boulanger’s demand,
as expressed
by his seconds, was that the firing distance
should be twenty paces, that the firing should be not at
the word of command, but at will, and that an indefinite
number of shots should be exchanged until one or other
be hit, finally consenting to twenty paces and firing at
will ; and in enforcing his demand, the reason was given
that the gravity of the insult justified serious satisfaction.
M. Ferry’s seconds very properly refused to accept
any
such terms.
Any duel is a disgrace to this civilized age ; this would
been simply brutal and a scandal to France.
It
if
to
allowed
fill would have been worse than ordinary murder.
General
sketched
evidently
Boulanger will no doubt be applauded by a certain class
certain
to
drift who look to him as a hero.
But more thoughtful people
probable attendant mis¬ will be disposed to think that the General has revealed his
have
August 13,
THE
1887.J
CHRONICLE
character,—that he would probably have shown less
anxiety about distance and about indefinite exchanges of
balls if his antagonist had been a man of experience like
himself; and that he has very effectively justified the
action of his enemies who drove him from power, as well
true
permanently damaged whatever prospects
as
have
may
remained to him.
relations.
201
The settlement of the
Afghan frontier question ha^
present the danger of a collision in Central
Asia between ourselves and Russia, and we shall therefore be
freed from those periodic spasms of anxiety which for the past
year or two have proved such efficient checks to commercial
removed for the
extension.
osition may be accepted as sound, and doubtless a larger
amount of business is passing now than was the case a year
when we were congratulating ourselves upon having
escaped from the bad times, which had tried our financial
WEEKLY RAILROAD EARNINGS.
stability so severely. But the first gain lias neither been very
marked nor rapid, and we will do well to take heed to the
Earnings for the first week of August on thirty-two roads
tone of the speeches made at the half-yearly meetings of the
show a gain of 14 1-3 per cent. Only three of the roads
joint-stock tanks and railway companies. The heads of those
report a decrease.
establishments should be in a position to gauge the situation
|
with considerable accuracy, and some or them have more
1887.
1886.
1 si week of August.
Increase.
Decrease.
than hinted that signs of a reactionary character are not
$
$
$
wanting. At least the tide of revival is not so clearly defined
56,700
Buffalo N. Y. A Plilla
61,200
4,500
39.693
29. 8 4
Buffalo Itocli. A Pittsn...
9.909
as it was, and while such is the casie the indulgence in
opti¬
14 838
19.229
Cairo Vincnnims a Cine..
4,391
2 '8.000
mistic opinions is not entirely free from danger.
Canadian Pacific
219,' OO
19,0 •<■
:
Speculation
Caiifomi i Southern
19,601
13,351
6,250
at
developed,
just
now
is
not
all
well
either
in
stocks or
41,813
Chicago A Atlantic
32,365
9,47Chicago vfil & Sr. Paul
424,000
420,635
3j3bo
produce.
The
holidays
may
have
a
great
deal
to
do
with this
25.776
Chicago A' West Midi
25,o50
174
5.039
431
Cleveland A Mar etra
4,608
calmness, but there is also an idea afloat that there is little
Denver A Rio Grande
141,840
162,000
20,160
chance of further profit, and under the circumstances those
Det. Luising A Northern.
11
19,037
19,026
Evansville A Iudia’polis.
662
6,383
5,721
who generally operate freely have become very cautious in
2 ',530
Evansville A lerreH....
22,667
2,137
their dealings.
535
Kingston At Pembroke
2,625
2,090
9 ,721
Long Island
109,^50
11,029
Whether as the autumn advances and the holiday season is
Louisville A Nashville....
298,965
274,875
24,090
4 t,076
Louisville N. Alb. A Chic.
37,578
6,498
brought to a close we shall witness a revival of activity, it
33,572
31,56 l
2,011
Maiquette Hough. A On.
is difficult to say. The probability appears to be that affairs
Mexican Central
94,0 O
61,652
32,348
18.344
Milwaukee L. h. At West
74,040
55,696
will imprjvj. particularly if the harvest be secured under
Milwaukee & Northern...
16.653
11,56^
5,038
favorable
conditions.
Wheat promises to turn out
N. Y. Ontario At Western.
37,065
3,324
33,741
espec¬
83.433
Norfolk A Western
60,893
22,540
ially
on
heavy
whether
soils,
but
it
is
questionable
the
pur¬
Northern Pacitic
282,208
39,718
2»2,190
Ohio & Mississippi
103,003
87,*4 l
15,159
chasing
power of the agricultural community will be greatly
Peoria Dec. A Evansville.
22,231
17,003
5,23 i
enhanced by the results of the harvest of 1887.
Bt. Louis Ark. At Texas...
However, we
53,7,8
32.80s
20,940
Bt. Louis At San Fran
34.205
86.595
120,800
shall again enjoy the advantages of a cheap loaf, and that
St. Paul
Duluth
34,767
38,414
3,647
Tol. Ann Arbor & No.Mich
counts for something in these days of acute competition and
8,4 *2
2,095
10,5-7
Toledo & Ohio Central...
21,338
18.221
3,117
diminishing profits.
Money is easier than last year, and
13,784
11,484
2,300
Wheeling A Lake Erie....
although
for
long-dated
bills are hardening, in conse¬
rates
Total (32 roads)
325,745
2,536,995 2,218,792
7,542
quence of the stock of bullion in the Bank of England having
Net increase (14* 14 p. ct.)
318,203
been drawn on rather freely of late for South America, and
For the fourth week of July the statement complete covers the prospect of some shipments being made to New York later
in the year, it is hardly likely that there will be any appre¬
seventy roads, and the increase is about 4% per cent.
ciable change in its value during the earl}' future, supposing
4 th week of Julg.
D 1837.
Decrease.
that
j
Increase.
nothing unforeseen occur. Trade development will cer¬
| 1886. i
tainly not be hampered by monetary stringency.
*
*
I
*
$
Prev’ly rep'ted (38 roads)
3.748,453 3,65 1,848
279,823
188,218
Money has been quite inactive. There is ail abundance of
California Southern
22.623
18.328
4,295
!
Chicago •"t. L. A Pitts
142,032
167,3 >7
25,3^5
capital, and as much difficulty as ever in finding employment
Cincinnati Jack. 5: Mack.
50
14,198
14,148
for it.
Day-to-day loans are not wanted, though offered at %
Cm. N. O. A Texas Pao...
9 4,432
100,434
6,002
Alabama Great So
43.270
3.•.5ov
10,763
to % l)er cent.
The inquiry in connection with the Stock
New Orleans At S. E
19,306
17,031
2,275
465
12,768
Exchange settlement has’been very meagre, and advances for
Vicksmirg At Meridian..
12,303
VicksburgShrev. A Pac.
14,409
13,.:8
1,120 the
fortnight were arranged at W2 to 2 percent. In the Bank
1
Richmond
A;
Ciu.
Ft. W..
561
11,619
2,2 10
Cincinnati Wash. A Balt.
59, '58
of England weekly return the stock of bullion shows a falling
52,709
6,549
Clove a at Ale 0.1 A Col...
598
15,7916,396
off of £683,602.
Col. A Ciu. Midland
This is about £50,000 less than the sum
8,567
10,831
2,264
East Turn. Ya. A Ga
i 3,429
123,178
103,749
The
exported.
present
total is £21,737,711, and is about
Flint A Fere Marquette..
5 6jo >2
66,233
10,*2 31
ago,
........
.
...
.
.
-
1
,
m
„
*
Florida R’wav A Nav. Co.
Grand Rapids A Uni
Grand Trunk of Canada..
Houston At Texas Cent...
Keokuk At Western
Lake Erie A Western
Memphis A Charleston..
Minnesota AN. rthwest..
N. Y. City A Northern
Bt. Jos. A Grand Island..
Bt. L. Alt. A T. II. (M. L.)
Branches
Staten Is and Rapid Tr...
Te x a 8 Pacitic
Toledo Peoria AW
Wisconsin Central
Minn. St. Croix A Wis..
Wisconsin A Minnesota.
...
Total (70 roads)
18,542
15,96 4
2,578
82,297
75,') * 6
317,525
43,686
5, 23
57,202
7.251
3 >7,853
14,87/
11,012
21,no
38,178
25,358
30,263
145,165
19,466
69,089
47,920
13,155
30,297
13,435
11,685
18,612
5,459,434
5,212,905
459,300
Net increase (4*73 p. c.)..
with
10,328
45.581
7,064
60,159
38,*73
37,382
11,792
16,3 8
35,679
22,010
30,5.5
141,545
20,513
24,264
£1,453,000 short of that held at the close of June.
1,895
1,741
2,957
14,409
22,505
780
year ago
4,772
2,499
reserve
3,348
cent.
3,620
than
312
1,047
21,169
280
212,771
246,529
mau
to liabilities has been reduced from 40*85 .to 40*02 per
The aggregate
deposits held
are
about £920,000 less
were a week ago.
Tenders for £1,500,000 Treasury
they
bills have been received by
England, and the whole amount was allotted in
three months’ bills at an average of £1 9s. Id. per cent, ten¬
ders at £99 12s. 6d., receiving about 47 per cent; above in full.
The rates for money have been as follows:
the Bank of
Interest allowed
Open market rates.
UXo a etavij%<fuwwc vcial gn olishUexus
for deposits by
Hank Bills.
Trade Bills.
A)tiior.
[From
our own
Three
and
elasticity which would assist so materially in building up
a sound, substantial and
progressive trade.
At present no
political reason exists why confidence should not be thoroughly
re-established : that is to say, so far as relates to our
foreign
Four
Three
Six
Months Month* Months Months
June 21
July
1
\% iV4
15
2
22
j2
2
m
1H«2
m*
—]2 @
inim*
1%V
»
s; 2
29
D'.sc't R'se.
Joint
correspondent.]
London, Saturday, July 30, 1887.
The influence of the holiday season is still felt in all
depart*
ments of business.
The accounts from the leading manufac¬
turing centres are not devoid of a certain degree of hopeful¬
ness, but at the same time there is an absence of that buoyancy
Compared
the supply is about £150,000 heavier. The
actual deficiency in the reserve on the week is £628,652, there
being a slight reduction in note circulation. At present the
reserve is nearly £500,000 more than at this time last year, but
is £1,714,000 less than at the close of June.
The proportion of
a
h'dlH 1%*
-!156-a
h *2
-
Six
Vonths [Month*
1^*2
2
I
r*2,4'2q^2‘^l
1 *4*154 il->4«>2
-|? @ —154-2
-W* - 154*2
156 *— 2HQ. -154^2
156*
1
Four
2 ®2>4
C®2 i 2*4 *214'
@24 *4*3
At 7 to 14
8tock
Banks. Call. Days.
H 1
H l
-1
1
1
H 1
-1
1
H
1
-1
1
H 1
-1
1
H
1
-1
1
-1
Bank of
3
compared with the past three
years:
0ls, &C.,
THE
202
Circulation, excluding 7-day and
other bills
CHRONICLE
1887.
1880.
1885.
1884.
£
£
£
£
25.S94.105 25,160,815 25.988,700
5,301,015
5,097,128
3,010,170
24.052.934 32,984,493 20.029,985
14.840,355 17,070.601 13.579,571
19.259,212 19.570,072 22,094.437 22,122,924
12.418.071 11,937.889 17.247,998 14,122,044
21,737,711 21,582,054 20,664,813 24.361,344
40 02 p. c.
42 p. c,
44% p. c.
44% p. C.
2 p. C.
2 p. c.
2 p. c.
2% p.c.
100
101 11-104.
101%
100%
81.540,000 81,455,000 79,240,000 112,275,0(0
Government securities
Other securities
Reserve of notes and coin
Coin and bullion
Reserve to liabilities
Bank rate
Consols
-
Clearing-House return
market rates at the
previous three weeks
The bank rate of discount and open
chief Continental cities now and for the
have been
as
follows:
Bank
Open
Rate.
Market
3
Berlin
3
Frankfort
3
Hamburg
3
Amsterdam
2%
3%
Brussels
July 15.
July 22.
Bank
Paris
IMPOSTS.
Open
Rate. Market
3
2%
m
m
1H
2%
3%
2%
3%
2%
1%
m
m
2%
3%
3
3
3
July 8.
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
3
3
3
-
3
2%
3%
2%
m
m
i%
2%
3%
3.768912—The
(3at8
4
4
4
3%
4
3%
4
3%
Bt. Petersburg..
5
5
5
5
5
5
5
5
Copenhagen
3
3
3
3
3
3
3
3
the state of the
Gold has been in great demand for export and all arrivals have found
The movements at the B *nk of England for the
week are £810,000 out, Chiefly for South America, and £2 7,000 in. The
arrivals are: £36,000 from the East, £29,000 from tlie Wot Indies
£26,000 from Central America, and £2,000 from Chile; total, £153,COA
The Leibnitz has sailed with £2t0,000 for Buenos Ayres, and the
Indian mail takes £7.5v0 to B nnba.y.
Silver.—With lower rudiau exchanges, the price receded until 44%(1.
was touched, at which price the arrival per Cotopaxi was
placed, and
the market cleared. We to-day quote 414'1.. blit there is no silver offer¬
ing. The arriva's a re C 1,0>0 from the West Indies. £27,000 from
New York and £36,000 from Chile; total, £04,000. The Peninsula &
O iental steamers lake, £10 t,000 to India.
Mexican Dollars —Nkuhing has been done in this coin, the nearest
quotation to-day being 434<l. The Nei>aul takes £18,150 to China and
the Straits.
The quotations for bullion
are
reported
as
follows:
July 21.
London Standard.
8.
77
d.
July 28.
9
d.
8.
77
9
Bar silver
oz.
July 21.
d.
d.
44%
•44 7-10
Bar
Span, doubloons.oz.
silver,containlng 5 grs. gold.oz
Cake silver
oz.
47 11-16
S,Am.doubloons.oz.
Mexican dols...oz.
48%
The fresh
77 10
77 10
2,880,017
25,983,226
13,575,525
Aver,
Aver,
1883-84.
46,705,973
13,575,525
96,929,803 105,186,912
98,164,638
3d.
3d. 3ls.
Id. 30s.
1883-84.
1884-85.
1885-86.
1886-87.
price wheat.... ..week. 34s.
price wheat
season. 33s.
The
1884-85.
45.014,304 51,703.023
12,996,600 15,410,687
9d.
33s. lid. 37s. Id.
33s. .2d. 38s. 7d.
following shows the quantities of wheat, flour and
Kingdom:
This week.
JBnffllftb
1833.
1886.
Last week.
2,004,000
1,793.000
146,000
379,000
1,876.000
145,000
413,000
1,780,000
123,000
421,000
qrs.
Flour,equal to qrs.
Maize
qrs.
156.000
264,000
Financial JTIarltets— Per Cable.
daily closing quotations for securities, &c., at London
reported by cable as follows for the week ending Aug. 12
The
d.
Stiver, per oz
Sat.
Mon.
44%
4-l“ie
101710
0 jnaoie for money
I0l»ie
101W1U
Jonaols for aoeouDt
Fr’ch rentes (in Paris) fri81-374
112%
U. 3. 41*8 of 1891
1314
a. 8. 4s of 1907
59
Canadian Pacittc
Uhlo. Mil.
St. Pan!.... 85 %
Srie,common stock....
Cllinois Central..
Pennsylvania
Philadelphia & Reading
Ne
w
York Central
Tues.
101’jft
44716
101"
101 b 8
organized
Wed.
1
445ie
l<n»i«
lOl^ig
Thurs.
445l6
1314
131%
314
1274
577h
29 4
28%
28%
113
! 112 %
7s
1124
112 4
111
574
444
101%
81*474
1134
81-35
1133s
1314
58%
83 7s
3134
1274
Fri.
10 i %
101%
8 i '40
113 4
81-37 4 81*35
113 4
112%
131%
13158
57 %
584
83 7s
844
314
313s
127 4
1274
f»73a
57%
26%
28%
National Banks.—The folio wing
SILVER.
July 28.
'
SO dwts. silver.oz.
93,313,801
London.
ready purchasers.
13,747,613
11,637,725
1,550,598
38,888,899 38,073,202 37,883,190
home-grown..30,187,724
Total
are
bullion marker.
46,705,973
11,^55,635
1,826,514
3,286,477
25,019,908
15,410,687
1885-86.
1886-87.
Imports of wheat.cwt.47,665,887
Imports of flour
15.460,190
4
2H
1883-84.
1884-85.
51,703.023
15,643,751
Supplies available for consumption (exclusive of stocks on.
September 1):
3
4
Bar gold, One., .oz.
Bar gold, contain’g
15,460,190
Wheat
4
on
28,047,844
12,936,600
m
iH
2%
2%
4
follows
27,459,501
3
4
as
.1,888.864
2,825,512
maize afloat to the United
3%
Pixley & Abell write
2,362,282
2,321,098
2%
4
.
9,632.821
1%
4
GOLD.
London Standard.
corn
9.516.269
12,436,494
Peas....,
Beans
Indian
"Flour
45.044,304
15,202,688.
Barley
3
Madrid
Vienna.
Messrs.
OWt. 47,665,887
Wheat
3
3
1885-86.
U8R6-87.
Sales of
July 29.
Bates of
Interest at
following shows the imports of cereal produce into the
Kingdom during the 47 weeks of the season and other
items compared with last season:
The
United
25,069.040
3,002,902
27,236,994
17.190,081
Public deposits
Other deposits
[Vot. XLY.
55
844
31%
1274
5. 4
10i%0
5/ '8
84 *8
31 %
xl 234
ft i %
28%
112%
banks have recently been
:
Fourth National Bank of Waterbary, Conn.
000.
Edward T. Turner, President; Burten <b
Capital. $100,
Bryan, Cashier
First National.Bank of Alma, Kan. Capit *1. $50,4.00. Jolm
Lawiem e Travell \\ bailey, Cashier.
3 770—The German American National Bank of Pekin, 111. Capital,
$100,000 Henry Feltman, President. A. H. Purdie, Cashier.
N ational Hank of Deposit of the City of New York, N. Y.
Capital, $250,0)0. Lewis E. Ransom, President; George H.
Southard, Cashier.
Ohio National Bank of Lima, Ohio. Capital, $120,000.
Joseph 0. Thompson, President; James II. Woods, Cashier.
Francis Limerick, Pres’f;
44 7-1
44%
47 15-16
43%
capital creations for the week have been:
LOCAL.
The Small Farm and Laborers’ Land Co. (Limited.) Capital,
£300,000, in £1 shares. Present issue, 20,0J0 shares
£20,000
Acrington Cut poralion Steam Tramways Cj., 1,750, 6 per ct.
pref., £10 shares.
17,500
Aeringtou Corporation Steam Tramwavs Co., 1750, ordinary.. 17,503
Bronchialyne Tonicnu Co. (Limited). £t shares. Capital, £50,003. Present issue, 10,000 shares
10,000
*Chesliite Alkali Co. (Limite 1.)
Capital, £100,030 in £>
shares. Present issue, 46,000 £5 pref. shares
230,000
♦Belgravia Bakery Co. (Limited), £ L shares, Capital, £ LOO,000.
Present issue
Ab-Intra Bootmaking Co. (Limited.) Capital, £60,003 in £5
shares, present issue
London Woolwich A Clacton-on-Sea Steamboat Co. (Limited )
Capital, £50,000 in £'* shares, present issue
*Woodhouse A Kawsou (Limited), £ 3 shares. Capital, £200,000;
10,000
8,000
20,000
present issue, £I03,0u0.
Imports and Exports for the
Week.—The imports of last
week, compared with those of the preceding week, show an
decrease in both dry goods and general merchandise.
The
total imports were $9,161,776, against $10,03'],237 the pro*
ceding week and $8,392,673 two weeks previous. The exports
for the week ended Aug. 9 amounted to $5,533,583, against
$7,340,027 last week and $3,883,075 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) August 4, and for the week ending (for gen¬
eral merchandise) Aug. 5 ; also, totals since the beginning of
the first week in January :
COLONIAL,
FOREIGN IMPORTS AT NEW YORK.
*Emu Bay & Mount Bisclioff Railway Co.
(Limited) Tasmania.
Capital, £300.000 in £5 shares and £125,OA) in 44 per cent
debentures. Present issue
£125,000
Dry Goods
FOREIGN.
Puerto Cabello A Valencia Railway Co. (Limited.)
cent debentures, £ 100
*
To
For Week.
Gen'l mer’diae..
1884.
1885.
1886.
1837.
$3,223,502
6,225,803
$2,635,253
$2,687,669
$2,593,339
5,099,569
0.329,342
6,566.437
$9,449,305
$7,734,822
$9,017,011
$9,104,776
$71,229,^09
192,919,095
$58,611,829
167,019,284
$69,452,977
189,882,004
203,290,317
Seven per
£34.0,000
acquire existing businesses.
Total
Since Jan. 1.
Dry Goods
?en’l mer'dise..
A very
$73,373,001
quiet trade has characterized the grain markets dur¬
ing the week. Naturally there lias been a disposition to sus¬ Total 31 weeks. $264,148,604 $225,631,113 $259,335,581 $281,663,318
In our report of the dry goods trade will be found the im¬
pend operations until some of the new grain comes forward.
Wheat has been rather easier, but an actual decline has been ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
exceptional. The statistical position has not undergone any specie) from the port of New York to foreign porta for the
appreciable change and the quantities of wheat and flour afloat week ending August 9, 1837, and from January 1 to date:
to us are practically the same as they were a year ago.
Busi¬
EXPORTS FROM NEW YORK FOR THB WEEK.
ness
for the
moment has
fallen into
a
very narrow groove;
speculation is conspicuous by its absence, and bona Ude pur¬
chasers do not go beyond the limit of actual requirements.
Quotations are therefore in a great measure nominal. There
is no anxiety on the part of holders to force sales, and what¬
ever concession is granted is certainly not made
willingly.
It would seem from this that holders do not anticipate that
the result of the harvest will upset the market.
1384.
For the week...
Prev. reported..
$6,393,766
179,536,070
1885.
$5,143,381
190,136,857
1386.
$6,512,151
178,923,980
1837.
$5,586,538
175,755,950
Total 31 weeks. $185,929,336 $195,535,233 $185,441,131 $181,342,538
The following table shows the exports and imports of specie
at the port of New York for the week ending Aug. 6, and
since January 1, 1887, and for the corresponding periods in
1886 and 1885:
August
THE
13, 1887.]
CHRONICLE.
New York,
EXPORTS AND IMPORTS OP SPBCIU AT NEW YORK.
Imports.
Exports.
Gold.
Week.
$1,874
Great Britain
France..
Germany
West Indies
Mexico
Booth America
AH other countries.
$21,874
-1,060
6,750
$9*650
2,345,017
115,127
West Iml'ea
Mexico..
Booth America.....
All other countries.
9,962
675
176,854
104,251
7,437
$6,093,738
$131,661
nr
36,966,032
O
f-\
3«s357
$5,293,070
641,273
4,777
21,358
261
l.CuO
50,305
35,219
981
306,086
$0,297,120
6,405,999
lO,G4l,4b0
imports for the week
1,516,815
1,414,282
1,742.951
1,272
2,000
4,021
?f8 },1‘27
] 67,347
Total 1887....=
Total 188(>.....
Total 1885
,12,177,704
500
116,640
139,255
Germany
the above
17,857
968,101
6,320,163
$7 5,COO
Since Jan. 1.
2,220,102
454,739
-
Silver.
Great Britain ........
France
Of
$89,922
£0,000
Tstai 1887
Total 1880
Total 1 8 15
Week.
Since Jan.1.
$7/203
35,076
50,5)4
I
1,144,->53
1887 $13,539 were
Of the
time $20,000 were American gold
in
coin.
United States Sub-Treasury.—The following table show
the receipts and payments at the Sub-Treasury in this city, a*
well as the balances in the same, for each day of the past week s
•
Balances.
vt
Receipts,
Date.
Payments.
$
Aug.
“
“
“
“
“
Total
6
8
9
10
11
12
..
1,054,970
1,615.690
1,545,218
1,342.014
1/208,200
81 i,4t>7
7,578,15!)
(Join.
$
$
1.948.073 134.728,912
1,606,526; 134,620,875
789,976 134,101,960
1,130,141 134,176,645
1,575,989 134,280,0 55
1,348,041 134,183,015
8,396,749
Coin Cert's.
$
13,220,210
13,337,042
14,541,552
14,581,482
13,939,555
13,460,492
$300,000 registered bonds and $100,000 coupon
bonds, at 111 flat; Kessler & Co. of New York, $71,000 coupon
bonds at 110% ; First National 'Bank of New York, $1,450,000 registered bonds
at 110 48-100; James Talcoit, New
York, $25,000 coupon bonds at 112, with accrued interest to
June 1, 1887 ; Drexel, Morgan & Co., $350,000 registered
bonds at 110 94-100 ; William Fellowes Morgan & Co., New
York, $400,000 coupon bonds at 110)£ ; The Suffolk Savings
Bank of
Boston,
Currency.
$
12,770.407
12,764,775
12.840,423
12,938/277
13,248,406
13,209,535
.............
Beech Ci\ ek Clearfield & Southwestern.—The Northern
Central Railway Company has begun a suit in the United
5 ates Circuit Court, against the Vanderbilt executors to have
it equitably declared that the stock of the Beech Creek Clear¬
field & Southwestern Railroad Comp my of Pennsylvania be
held by the Vanderbilt heirs in the use of the Northern Central
Company, and that these heirs be held to perform an alleged
contract made by the Northern Central Company with Mr.
Vanderbilt, by which Mr. Vanderbilt agreed to deliver to the
Northern Central Company sixty per cent of the capital stock
of the B.-ech Creek road, worth $3,000,000, the Northern Com¬
pany in return guaranteeing the payment of an annual inter¬
est of four per cent on the first mortgage bonds of the Beech
Creek Company, the amount of which was $5,000,000, a
majority of which was held by Mr. Vanderbilt. The North¬
ern Central Company, under this contract agreed
not to build
over its proposed fine.
eration of those offers of sale wnicli are made pursuant to
said plan each Wednesday at noon.
Applications for the pre¬
payment of bonds amounting to $1S,233,550 have thus far
been received
the merger and consolidation of the two railroad companies
into one corporation undi r the name of the New York Chicago
& St. Louis R iilro. d Company was unanimously ratified.
There were filed Augu-t 9 in Cleveland two deeds of the
property of the Ni. kle Plate making transfers to the
company in pursuance of the re-organiz ation scheme.
new
Northern Pacific—Union Pacific.—A contract has recently
been made by which the Northern Pacific gains an entrance
into Bone Ci.y over the Union Pacific tracks, each road to pay
half the interest on the cost of the track used and half the cost
of maintenance.
On the same terms the Union Pacific is
allowed to use Northern Pacific tracks between Portland and
Tacoma.
by the Treasury.
—The Guarantee Company of North America, head officBat
Montreal and New York Branch 111 Broadway, has published
its semi-annual statement to June 30, 1887, showing excellent
The original company was established in 1872 with
paid-up capital of $300,000; in 1884 the net surplus was
$41,072 and in 1887 it is $114,601, and total assets $537,433.
Over 800 corporations now adopt this company’s bonds,
guaranteeing the honesty of their employees. This is the
only Guarantee Company in the United States whose capital
and assets are not involved upon administrators’ or other
indefinite risks, and whose business is strictly confined to
issuing bonds of suretyship for officers and employes of banks,
railwajs, commercial and financial corporations.
progress.
a
—The Deadwood Terra Mining Company has declared a
dividend of 10 cents per share, payable at office of Lounsbery
&
Co., Mills’ Building,
the 20tli.
were
Shares.
148 Beccli Creek RR. Co.,
Common
30
40 Citizens’ Nat. Baak
1414i
30 Citizens’ Fire Tits. Co
114
5 Hanover Ins. Co
130*2
50 Alaska Down Co....$21 per sh
40 Oriental Bank
101
10 Guardian l ire Bis. Co...
To’-a
5 Second Ave. Rlt. Co
124
this
sold
by Messrs. Adrian H. Muller & Son
week at
:
Shares.
35 Bank State of X. Y
Bonds.
123
$20,000 Greenpoint Ferry
Co., 1st Morr. 7s, Keg. Bds,
duo Nov. 15, 1005.
I mer¬
est, M i.v and Nov
104# 104^
$1,800 Citizens’ Fire Ins. Co.
7 8 *2
Scrip
Hanking and -Sfimtacial.
United States Government and other desiratdo
SECURITIES
FOR
INVESTORS.
All stocks and bonds listed on the New York Stock
and sold on commission lor cask.
Exchange bought
Deposit accounts received and interest allowed
subject to draft at sight.
monthly balance*,
HARVEY
28
FISK
Nassau Street,
GRISWOLD
No.
Joseph & Santa Fe.—The St. Joseph & Santa Fe Raila n wt Missouri
corporation, organized for the pur¬
&
a line from a point on the Missouri
County, opposite Atchison, Kan., via St.
Joseph, to a junction with the Chicago Santa Fe & California
road in Carroll County.
The road will be 97 miles long, ana
&
on
SONS,
New York.
GILLETf,
Wall
3
Street,
York.
New
roah is
pose
on
Auction Sales.—The following
auction
New’ York Chicago & St. Louis.—A special meeting of the
New Yoik Chicago & St. Louis Railroad w as held this week,
and a joint agreement of the directors of the New York Chicago
6 St. Louis and the Erie & State Line Railroad Company for
St.
$260,000 registered at 110 flat; Andrew
Leeper of Chillicothe, Mo., $6,000 registered bonds at 110,
with interest to September, 1887.
The total amount of bonds
$7,142,819 offered was
$5,462,000, of which $4,160,000 were registered
3,221,385
Secretary Fairchild declined to
5,875,252 and $1,296,000 coupon.
accept any of the proposals except that of the Suffolk Savings
Bank, of $260,000 bonds at 110.
$210,692
On I hursdaySecr tary Fairchild received an offer from Har¬
1,379
148,715 vey Fisk & Sons of New York, to sell the Government $2,500,3,"4,0.>5 000
4% per cent bonds at 110 fiat, and an offer was received from
54,630
tlie First National Bank of New York to sell $1,450,000 4j£ per
198,680
332,936 cents at the same rate. The Secretary dec im d both offers, and
telegraphed that the plan adopted by the Department for the
$1,331,192
purchase of Government bonds provides only for the consid¬
9 73,050
American gold coin and $3,027 American silver coin.
exports during the same
203
of constructing
River in Buchanan
DEALERS
IN
is said to be in the Atchison interest.
Union Pacific—Utali Central.—The San Francisco Exam¬
iner says that a gang of Union Pacific men are now busy
INVESTMENT
SECURITIES.
locating the extension of the Utah Central through Nevad t.
n
The line is being located from Salt Lake City to Black Rock,
twelve miles north of Milford, thence across the Fifty-mile
Desert, along the southeastern line of White Bine County into
Lincoln. From there the route extends over the high Sheibourne range at a point eight miles south of the Patterson
district. Then it cuts through Nye and E-mieralda counties,
and finally over the Sierra Nevada at Walker River Pass.”
U. S. Bonds Offered.—At Washington, August 10, Secret¬
Fairchild opened proposals for the sale of United States
4/2 per cent bonds of 1891, under the terms of Treasury cir¬
cular of August 3.
Proposals were received as follows :
HarveyFisk & Sons, New Yrnrk, $700,000 coupon bonds and
$1,800,000 registered bonds, each at 110}^ ; Robert S. Graham, 1
SARATOGA, N. Y., GAS «fc ELECTRIC
LIGHT CO., 6s»
CRAWFORDSVILLE, IND., WATER WORKS CO., Gs*
HELENA
A
RED
MOUNTAIN, Gs (No. Pac. guarantee)*
JERSEY
CITY OF
CITY, registered,
031 All A,
TOWN OF
NEBRASKA, Gs.
SALINA,
Y., 4s.
ary
FOR
SALE BY
COFFIN & STANTON, Bankers,
10, 11, 1*J and 13 Mortimer Building, Wall .Street, N. Y*
THE
204
CHRONICLE.
selling
premium; Charleston buying par; selling
premium; New Orleans, commercial, 25@75c. premium;
bank, $1 50 premium; St. Louis, 25@50c. discount; Chicago,
par;
glue 'jOaithcvs' ©alette.
DIVIDENDS*
Name
Per j
Cent.
of Company.
60c.. discount.
'
The rates of leading bankers are as
announced:
The following dividends have recently been
Books Closed,
(Days inclusive.)
When
Payable.
2
II
1
1
Philadelphia Co (montldy)
WALL
The
been
a
2
Aug.
1%
|8ept.
2
Aug.
3
(Sept.
17 Aug. 14 to
1 Aug. 11 to Sent. 1
25 Aug. 11 to Aug. 19
1 Aug. 14 to Sept.
1
jAllg.
lr
IA Ug.
20 Aug. 15 to Aug. 20
STREET, FRIDAY, Anar- 12,
1S87-5 P. M.
Money Market and Financial Situation.—There have
few matters this week to attract
market.
some
interest
on a
dull
The first
Prime hankers’ sterling
Prime commercial
bills on London..
....
Documentary coinmerei.il
Paris (fraucs)
Amsterdam (guilders)
Frankfort or Bremen
Demand.
4 S2
4 794i®4 80
4 74
rf>4 7°%
5 25
2 5 24 %
3913,^39%
$‘4 8t
3 87
4 84%
23%®5**22%
5
40
94%®94%
(reiclimarks)
Coins.—The following are
Sovereigns
>
follows:
Sixty Days.
August 12.
■
Railroads.
Delaware A B uied Brook (qnar.)
Clevel nri <fc Pitts., guar. (quar.).jI
Norili Pennsyu ania (quar.)
i*« Iscellaueo us.
!
Adnms Ex-»ief.-(qu.»r )
De'aware Division (’anal
[Vol. XLY.
quotations in gold for various coins:
/S>$4 88
3 91
4 78
® 4 no
-S’15 70
®15 65
-Silver %s aiid %s.
Five francs
—
99%®
—93
®
Mexican dollars.. — 75%®
X X Reichmarks.. 4 74
X Guilders
3 96
Do uncommerc’l — 74 42®
Peruvian sols
— 78
®
81urn’ll Doubloons 15 55
Mex. D >ubIoons..l5 55
English silver
4 80 @
Fine "old bars
par @%prem. U» 8. trade dollars —99%®
Fine silver bars... —
97-43 U. S. silver dollars
99 % ®
Dimes & 42 dimes. — 99 4® par.
I
Napoleons
240%6
94%2947s
'<D
J
95
7612
76
74
85
00
00
Treasury purchase of bonds took place, the
assignment of Ives & Co. was made on Thursday, and the
cable reports nearly $3,000,001) gold on the way to this port,
United States Bonds.—Government bonds were quite active
from England and France.
at times, when the 4£s were forced up in anticipatiou of the
The call for bond offerings to the Treasury resulted in the
Treasury purchases, and the other classes advanced in sympathy.
purchase of only $200,000 at 110, but the next day $3,950,000 Prices gave way again somewhat, however, on the announce¬
more were offered at the same price by
New York bankers, ment that only the small sum of $2(50,000 had been accepted,
the price being 110.
The offers amounted to over $5,000,000
but were declined as being too late for this week.
at prices ranging from 110 to 111.
The Ives assignment was hailed with shouts of satisfaction
The closing prices at the N. Y. Board have been as follows:
at the Stock Exchange, as it certainly appears to be the only
1
A u(f.
way to settle the muddle which involved the Cincinnati Hamil¬
Interest A no.
Aug.
Aug. j Aug.
Aug.
11.
lo.
9.
12.
Per ions
6.
8.
ton & Dayton Railroad, and incidentally a number of bankers
109
‘103
*108%
in this city who held loans secured by the various Ives collat¬ 4428. 1891
..reg Q. -tVfiar. *1084 *108%! 109%
110
442H. 1891..... .coup.
-Mar.; *109% *109V 110% *110% *110
erals.
Mr. Ives’ operations have been regarded bv stock¬ 4s, 1907
1
12
’8
*127%
7% 127%
...reg.iQ -Jam *127% *127%,
*127% 128% *127% 127% *127%
.coup. Q. -Jan.
4s, 1907
brokers as one of the principal clouds on the market this year
*42 % *122% *123
*122% *122%
6', cur'c.v ,’95.. -reg.jJ. tte J
*125
i*124% *124% *125
*121%
6s, curVy,’96.. rc.tr J. <fe J.i
contributing to prevent a healthy commission business.
*128
*127%
6s, cur’cy, ’97., ..rcg.iJ. & J.J ‘1-7 42 *127% *12 7% *128
*131
*131
Gold again moves this way from Europe, and as we arc only 6s, cm’ey, ’98.. ..rcg.J. <fc J 4 3‘ 6 1*130% *130% *131
132
1*132% *132-% *132% *132% *132
6s. cur’c.v.’99.. .reg.iJ. & J.
just now approaching that season of the year when exports of
This is the price bid at the morning board; no sale was m ide.
cotton and other products are most liberal, it would be strange
State, and Railroad Bonds.—State bonds have been almost
if there should be any return movement of gold in the next six
entirely neglected at the Board, the few transactions being
months.
Still, the gold current has set so directly against the without any significance or importance.
The railroad bond market has been very dull, and devoid of
trade statistics since last January that it is an interesting
feature of interest. No special activity has been noticed
question as to what effect would be produced by any events any
in any particular class and nothing has occurred to make the
which would send back a goodly amount of railroad securities week’s business of
any interest.
Prices have been a trifle
to our home market.
irregular at times, in sympathy w’itli the stock market, though
The open market rates for call loans during the week on the prevailing tone has been firm and fluctuations have been
Some of the bonds which declined last week have
stock and bond collaterals have ranged from 3 to 8 per cent. slight.
been gradually recovering, though there has been uo conspic¬
To-day the rates were 4@8 per cent. Prime commercial paper uous strength.
is quoted at 6@6£ per cent.
Railroad and Miscellaneous Stocks.—The stock market
The Bank of England weekly statement on Thursday showed
has been rather dull and quite unsettled and irregular dur¬
ing the past week. Several things have served to keep the
a loss in specie of £191,000, and the percentage of reserve to
market in an unsettled condition, and there lias been nothing
liabilities was 40*54, against 38’18 last week: the discount
in particular to force an improvement in prices.
Business is
rate remains unchanged at 3 per cent.
The Bank of France
confined
traders
and
largely
to
room
local
speculators,
and the
lost 275,000 francs in gold and gained 2,000.000 francs in silver.
bear interest is still active and ready to take advantage of any
The New York Clearing House banks in their statement of
occurrence to press down the market one or two points
or more.
August 6 showed a decrease in surplus reserve of $1,208,425, The
selling has not been so general as last week and business
the total surplus being $0,922,550, against $8,130,975 the pre¬
has been of much less volume;"prices also have been on a
vious week.
The following table shows the changes from the previous higher range, though ruling barely steady at the improvement.
week and a comparison with the two preceding years in the Legitimate influences are still in a favorable condition, but there
is a continued indisposition on the part of large operators to buy
averages of the New York Clearing House banks:
stocks, and business on some days has been quite lifelcsss.
Considerable interest was manifestecTin the Treasury purchases
1887.
18«6.
1885.
Diffr’nc's fr'm
of bonds, and in the early part of the week it was said that the
A "gust 6.
Prev. WeeA*.
August 7.
August 8.
market was waiting to see the result.
The announcement
*
$
$
1
$
of
the
amount as. $2(50,
acceptance of so small an
Loans and disc’ts 35^,137.500 Ine.
S f.700 358.1 69.600 312,853,200
000
out
of
over
73.973.600 Dee 1,674.400 6% 08 1,000 115,0*05,300
Specie
$5,000,000 offered was somewhat
Circulation
9 6 !9.2O0
8 » 91.700 D e.
13,400
8,016.700
disappointing,
though
there is no reason why this should
Net d* posits
35 '.22 l .400 Dee.2,54 • ,390 376.m06.200 R8n,828,100
be
much
of
a factor in the stock market at the
43.
37.764.800
Dee.
present moment
22,754,300
170,1
O
Legal tenders
5.*,o00
when
money
abundant
is
enough
for
all
the
requirements.
Leval reserve
96.707.025
89,809.3 O Dee. 636,075 94,201,55 •
...
..
■
.
..
’
.
*
Reserve held
96,727,900 Dee. 1,8 (4,500 102. 4*4800 158,345.500
Surplus
6,922,550 Dee. 1,2(-8.42
.
8.647,250|
61,63 4475
Exchange.—The sterling exchange market has been quite
dull all the week, though tlioe was a temporary demand for
short sterling.
Rates have been somewhat unsettled and for
actual business prices have been a trifle lower all the week,
though there
The affairs of Ives & Co. in connection with the Cincinnati
Hamilton & Dayton have also absorbed much attention and
had more or less effect on prices, and this baneful influence
was terminated
(fortunately for Stock Exchange business) by
the announcement of the firm’s
suspension and assignment late
Thursday afternoon.
The grangers have been adversely affected by the reports v)f
severe drought in the West, and have been rather weak. Some
on
change in the posted rates until to-day,
reduced 4c. to 4 82 and 4 844.
Some t*dk has been heard of the settlement of the cable rate differ
$3,000,000 of gold is reported as on the way to this side cnees, though there was nothing to justify this beyond the
from England and France, and it is said that more will follow simultaneous
appearance in this city of Messrs. Mackay and
soon, if our exchange rates keep down so low.
Gould, and nothing has been done so far as reported. Western
To-day the rates on actual bus ness were as follows, viz.: Union was somewhat affected, however, and fluctuated in
Bankers’ (50
days’ sterling, 4 81J($4 814; demand, 4 83f accordance .with the varying rumors. There have been few
other special features, though the affairs of Northern Pacific
@4 84.
Cables, 4 84@4 8-1 J.
Commercial bills were 4
4 79,4; Continental bills were: Francs, 5 24|@5 25 and 5 21J have attracted some attention in view of the
expected contest
@5 21£; reichmarks, 94^<g)94f and 94|(&9s|g guilders, 39£(8* for control, and the advertisement of Messrs. Elijah Smith and
others calling for proxies.
39£ and 40m,40|.
The prices of the common and
The following were the rates of domestic exchange on New preferred stocks have been weak and unsettled, though not
when
they
was
no
were
York at the under-mentioned cities
to-day: Savannah, buying
specially active.
AUGUST
205
CHRONICLE
THE
13, 1887.]
STOCKS—PRICES AT N. Y. STOCK EXCHANGE FOR WEEK ENDING AUGUST 12, AND SINCE JAN. 1, 1887.
Sales
of the
HIGHEST AND LOWEST PRICES.
STOCKS.
Eh-va*
Saturday.
Aug. 6.
Active Kit. Stocks.
Atlantic & Pacific
Canadian Pacific
Canada Southern
Central of New Jersey
Central Paeitio
Chesapeake & Ohio
Do
Do
•
*111-3
56%
5413
74 13
67
124
504
r534
754
145
Pembroke
43
43
474
484
*454
*114
454
124
24
124
9414
947s
004
*59
244
524
93 3a
013s
494
02=%
112
Mlchigau Central
53
53
8538
804
844
Mil. Lake Shore & West
Do
pref.
15
30
Minneapolis & St. Louis
85
15
304
2034 274
99*8 100
Do
pref.
Missouri Kansas & Tex as
Missouri Pacific
Mobile & Ohio
Nash v.ChattaneogaitSt. Louis
New York Central i\i Hudson.
New Y. Chic.it St. L., assent’d
*12%
109
174
*304
303s
07 4
4334
Do
preT , absented.
New York Lake Erie it West’n
Do
pref.
New York & New England...
New.Yi rk Ontario & West
New York8usq. & Western...
Do
pref.
Norfolk & Western
Do
pref.
Northern Pacific.
Do
pref.
Ohio & Mississippi
17
*10
314
*17
44
Peoria Decatur <& Evansville.
Philadelphia <fc Reading
207s
984
*13
*80
14
324
307s
074
4434
*10
10
17
104
314
*17
20
20
944
394
Pacific Mail
*90
Philadelphia Co., Nat. Gas
Pullman Palace < ar Co
Western Union Telegraph
734
124
514
934
52
524
934
904
014
934
95
90
014
024
48 4
1074
*17
*30
30
004
424
104
*10
544
504
204
26%
28 4
554
28 4
2534
20
284
544
274
2838
034
*00
*
744
*
%
114
78
274
554
174
294
414
2»4
574
174
30 ^
414
39
424
43
414
724
294
45
944
394
444
9334
394
95
404
100
*90
734
*90
1 11
1084 109
Wells, Fargo &Oo
*128
70
132
*00
131
131
98
59
7
98
59
7
59
59
Ok
59
04
Chicago it Ind. Coal R’wav...
Do
pref
Cincinnati Ham. & Dayton
Ciuoin. Ind. Sr. Louis it < ’liic
40
79
..
80
*4
Cincinnati Wash. it Baltimore.
Do
i ref.
Marquette Houghton & On...
Do
pref.
Mexican Central.
*
are
the
40
79
21
★
003,
904
905a
1478
147s
0%
15
Do
pref..
Richmond & Alleghany
3Jl
Bt. Louis Alt. <t Terre Haute.. *38
Ark.
&
Bt. Louis
Texas
Southern Paeitic Co
*33 *
Columous & Hocking Coal
*50
New York it Perry Coal
Tennessee Coal <t Iron
344
Various Stocks, Ac. (Uni Isted.)
Ainer. Cotto
Oil Trust
334
573a
Pipe LiriM P- • ’
These
80
5
45
85
100
80
85
100
80
"54
*27
88
80
23 4
45
119
119
184
5 2 34
944
104
19
934
......
024
62%
494
017b
49
494
109
5 t
*844
*82
100
*14
*35
80
5
57
804
85
100
3,730
3,855
1,115
314
09
4334
*1034
09
44 41
27 4
02
‘Mi
174
44
304
504
504
504
......
50
28 4
04
88
384
744 744
*113
1144
784 794
384
*103
113
2734
54 4
174
304
40 4
......
27
284
284
544
554
2»%
744
05
88
114
78
78
*
504
184
314
404
424
744 70
1004 10134
414
394
4 4
100
7'6 7e
110
69
132
100
100
02
05
874
40
744
744
114
78
lla
2,256
113
113 4
2778 284
55:t4 504
174 174
1,328
7,835
30 4
40
374
414
42
414
754
10138
75
914
394
k
734
*149
*108
*07
*129
944
40
100
74
,"
*4
5
*04
74
*64
21
t 0
*
15 4
04
31k
334
34
■&*
50
33
33
*334
314
33
50
34
k
334
344
3334
344
33
34
334
35
334
577a
57»,
574
57 4
594
58
59 4
584
prices bid and asked; no sa.e was made at the Board.
June 24
Aug.
204 Feb.
544 Aug.
22% Fen.
23% Aug.
1
1
9
1
26
Aug.
1
1
34
Fen.
1
344 July 18
034 May 19
324 Apr.
4
354 Apr.
7
39 4 May 25
584 July 5
254 July 30 53
57
Aug. 1 874
80
Feb.
8 95
Jan. 27 44%
30
614 Feb.
2 844
111
Aug. 1 120
554 Jau.
7 t<5
99
Aug. 2 111%
11034 Aug. 3 I207e
20
Feb.
3 35%
5178 Aug.
1
63%
224
134 Feb.
1
23% Feb.
1
374 Aug. 12
384
634
Jan. 17
Jan. 17
Jan.
June 2
June 20
May 23
May 27
M iy 23
May 18
May 6
May 18
Apr. 18
89
300
744
Feb.
89% Aug.
374 Aug.
May
Apr.
May
May
19
18
31
19
Apr.
7
June 28 115
Feb.
100 95
45 1394 Jan.
4 1594 May
72,305 674 June 24 79 June
139% Jan.
4 152
Aug.
5 118 4 May
29 107
Jan.
10 62
Feb. 17 734 May
June
13 1264 Jau. 25 137
*04
k
k
15
*54
*
204
*38
1
334
334
★
*33
34
5f»4
H Ex-rights.
17
May 26
May 26
1 10;>4
1
54%
3 105%
2 5s4
6,125
*4
59 41
384 Feb. 14
234 Jan.
3
554 May 16
Aug.
404
5
344
14
7
July
99
38
99 4
74
334
1
29
15
40
204 Jan.
3,800
394
994
70
50
29
3
Feb. 14
4
534 May 19
1.285
O
324
Aug.
July
15% Feb.
93s Aug.
1
95
70
40
64
40
2
9
°
*37
Mar.
Aug.
70
5
7
21
90
15
04
284
300
332
200
100
300
Old
31
334
50
34
344
98
33%
54
43
85
40
70
Aug.
1 102
Jau. 19
Aug.
3
400
360
200
100
400
7
20
88
July
30
Jan.
154
29%
294
If 4 9
900 304
......
11,462
June 18
7
5
14
24
6
Feb. 14
7
Jan.
19
18
11
19
13
104 Jan. 14
304
May 27
July 21 1004 May 27
134 Aug. 2 22
Apr. 9
0
8% Jan. 10
Apr. 22
27
Aug. 11 35
May 14
24 June 29 11% Feb. 18
300
800
800
oo% 6.?fS,<>oo
9
8
23
74% Apr.
6
154 Jan. 10
Aug. 9 674 Apr.
Aug. 1 994 May
Aug. 8 15) ,Jan.
Aug. 11 104
Feb.
44 Mar. 13
40
17
314
r
40
27
277s Aug.
72
131
15
6
27
19
16
18
12
23
354 Feb.
110
70
21
90
15
0
27
*
1 1144 May
20% May
12
374 May
1 354 Apr
1 70
May
Mar.
30 06
2
8
3
4,825
6,549
50
90
50
19
July 2u
42
70
95
734
June 24 112
May
19 4 Jau.
764 July 14 88% Jan.
92
12
3,770
2,900
62
70
*4
*
35,030
3,950
May 18
204 A nr.
2
48 4 May 31
34 4 Apr.
9
304
404
1014 1014
444 444
*0
*43
*85
50
835
126
600
915
252
784
40
75
101
74**8
*
149
*108
09
*128
284
874
......
k
4,302
10,<*95
17,901
55%
90
204
8,390
274
28 4
1,735
554 107,710
294 32,827
-38
11234 1124
274 274
554 554
174 174
*30 4
31
28 4
914
294
200
700
180
128
10 >
113
944
184
44
55
3^4
744
114
104
32
434
294
554
204
204
284
297s
27
28
*03
*80
38
10
*17
174
44
29 4
2r.4
274
28 4
....
*304
184
100
304
444
164
32
44 4
914 May 18
4 119
1,100
3,7o8 105% Aug.
16 4 Aug.
820
0934
454
104
104
*
6
Jan.
24% July 30
1084 109
17
174
Apr. 14
June 11
98
20,13o
804
June 30
Mav 14
664 Jan.
Aug.
99
14
9s%
99%
70 4
67%
27
1
Jn y
984
08
104
4 Jan. 20
101 7s A pr. 20
04 4 Apr.
5
95 4 Mav 19
*
3,10
19,690
t ,700
4-4 104,778
433
104
*10
*31
Aug. 3
Aug. 12
7.025
31
314
Feb.
1
15
3
20 34
80
17
Jan.
134 Aug. 1
284 July 30
3u4
*30
897s Aug.
93
57
42
109
50
80
15
30
27
31
324
35
5L
425
250
304
*37
40
25,050
1,000
1,911
3
*33
398
111
*13
1084 108 4
174 1738
*29
16 34
344
234
324
*144
*54
3k
41
88
004
304
Hr
21
904
15
Ok
29
11
00
*45
10
04
43
004
304
554
74
Quicksilver Mining Co
*
04
-
67
28
......
144
11
156
39,195
131
•
*204
004
114
85
107
15
30
204 27
984 99
Aug. 12
944
13
*82
107
15
*35
7
jl3678Jau. l3
53
54
......
80V
781
10
3 { 804 Apr 13
4338 Apr 12
Aug. 4 j
94 Jan.
8
Jan. 13
July 27 1 17
3!
Feb.
30
54
1114
20 j
33
6
184
524
48
10
425
250
230 i
35 4
174
424
484
*414
4;>%
7,540 j 554 Jau.
304
28 4
444
9334
394
*149
*149
274
434
294
554
2 4
204
424*
*108
27
*17
1474 1474
734 744
7434
854
844
354
314
304
404
100
48
111
108
15
30
no
74 4
1004 1014
754
1014
85 4
444
104
1144 1144
2.4 284
54 4 554
174 1 4
234
014
80
108
D.8
1734 17 4
32 4
*30
1
|
234
025 104 Feb.
1 154 June 13
1,815 5434 July 30 I 684 Jan. 13
10,275 ! 49
July 30 614 May 19
no 1384 Jan. 29 1534 June 7
1,842 124% Mar. 18 1407b May 17
000
15
22
Aug. 1
Apr. 22
5.0 35
Jan. 27 524 Apr. 22
14,110 444 Aug. 2 5 1 4 May 17
285 106
1 1184 June 7
Feb.
Julv 30 08
1,400 51
Apr. 11
1.995 234 July 30: 39% Jan. 11
55,025 126
July 30 1394 June 1
no
214 Feb. 3 32% Apr. 14
1,530 564 Jan. 24 083s June 4
3,505 10% Aug. 1 17
Jau.
3
935 5734 Aiiff.
82 4 Jan. 13
1
Jan.
3
1,450 20^4 July 30 32
83
Aug. 1 100
Apr. 9
000 214 Feb.
4 024 May
7
9 4 Aug.
1,400
2 17
Apr.
7
26*4 May 26 28
May 31
380 HI 19 Aug. 1
138
May 28
200
164 Aug. 1 27% Apr.
1
900 344 Aug.
1 47 4 A nr. 21
1 OOO
174 July 30 244 May 16
3,900 51
Apr. 29
July 30 01
......
80
03
38
75
114
78
004
12
01
*124
87 4
384
114
80
104
114
75
101
45
744
2o
27=4
2u 4
504
*10
184
524
934
1
184
434
58
54
85
844
30k
294
18
44
48 4
10
111
524
108
15
324
304
074
444
1* 4
104
284
147
120
114
Highest.
82 4
120
014
Lowest.
120
*144
28
Week,
Shares
May 17
186.277 i 78% Aug. 1 95
May 18
100 ,117
127
4
May 17
July 30
1144 1144 60,720 109
July 30 1274 June 7
814
120
1254
*45
9834 100
14
80
108
18
Adams
American
United States
Inactive Stocks.
Boston a N. Y. Air-Line, pref.
Buffalo Rod), it Pittsburg
Central Iowa
48
111
204
984
304
114
78
103
114
100
*17
43
1
1144
01
.......
*184
14
7
140
140
147
*27
11
24
121
194
534
944
29
274
034
87 4
38 4
744
454
184
44
55
1304
274
45
*19
xl21
76
304
0 4
•7
53
534
244 244
129 4 1304
544
25
24
94
554
1 lOk 1 1 1
184
*13
80
4
1394
814
*10
18
194
974
0
10
9
12
5o 4
*554
54 4
754
304
04
*104
75
37
744
*3 .4
434' *42
48
484
194
434
4
284
954
404
FxpreKi Stocks.
11
204
184
27k
Richm’d it West P’ntTerminal
284
01
Do
034
pref
88
Rome Watertown A Ogdensb’g *85
3b4 384
St. Louis & San Francisco
75
75
Do
pref....
Do
1st pref *112k 114 k
78
78 4
Bt. Paul & Duluth
105 • 105
Do
pref
115
Bt. Paul Minneap. <fc Manitoba 115
Texas it Pacific, ass. paid
284 2s78
Union Pacific
504 5? 4
Wab. St. L. it P.,P. Com. repts.
174 18
Do
304 304
pref.
414 4238
Wheeling & Lake Erie
JIllNcellaueou* Stocks.
Colorado Coal it Iron
434 434
75 k..
75k
Consolidated Gas Co
Delaware it Hudson Canal... 101k 1014
Oregon Improvement Co
Oregon Railway A Nav. Co...
454
304
554
50 k
274
99 4
9
12
124
554
544
55
54
*0
10
*7
0
14
01
12
62
25
12
02
11
004
104
584
554
27 7a
*204
*004
494
17
58
274
294
544
13
00
454
94
lc84 1084
1 '• 4
174
*30
324
30
304
004 01 4
424 444
109
17 4
27
29
944
95
02.
14
304
*204
Oregon <feTrans-Continental..
37
19
53
3034
25
130
244
l’t
304
*10
-
Friday,
Aug. 12.
......
112
18
44
32
r
*594
OD
75
4734
484
110
112
1124
53
53
52
53
84
84
844 844
84
84
84
84
110
110
*107
110
*1 44
154 *15
104
30
30
354 354
11314 1134
Memphis <& Charleston
124
123k123k
95
02
13
02
544
74 4
*10
42 34
42
■
Long Island
Louisville
Nashville
Louis. New Alb. it Chicago...
Manhattan
ed, consol..
147
544
254
1294 1304
*204 27
00 4
004
27
124
554 !
14034 140% I 1394
814 824 ;
so4
120 34 1204 i
114
11 >4
1134
14 5 78 1454 *145
125
1254 12 534
139
80 34 814
2 44
254
55
0
*10
*7
139
42
47
110
1294 1304
38
54
744
1254 120
20
54
I
54
544
2434
18 4
Lake Erie it We3iern
Do
do
pref.
Lake Shore & Mich. Southern.
j
*0
*10
*7
*145
lllk lllk
124
244
*12
124
1204 1204
1134 1144
1204 1204
104 104
1
24*3
824
|
145
2 7
00
01
20
*374i
534
734
743s
284
604
V?3i
01
*20
124
114
*55
11438 1154
130 k! 13 Ik!
..
124
50
55
814
....
28is
604
12 34
124
50
54
74
37
304 30 4
r
*54
7 *2
7k 1
!
12
114 114
*7
10
9
141
141
141
12
*7
141
SI 34
834
121
121
lstpref.
2d pref
Delaware Lackawanna itWes'
Denver & Rio G.,assessin’t pd
Do
pref.
East Tennessee Va. <fe Ga. R’y.
1st pref.
Do
Do
2d pref.
Evansville & Terre Haute....
Fort Worth it DenverCity
Green Bay Wiuona & St. Paul.
Do
pref.
Illinois Central
Ind. Bloom. it West., ass.pd..
si
Wednesday, Thursday,
Aug. 11.
Aug. 10.
Tuesday,
Aug. 9.
.
Chicago Burlington <tc$uiney.
Chicago Milwaukee it St.Paul.
Do
prei.
1154 1164
Chicago & Northwestern
148
Do
pref. *145
Chicago Rock Island & Pacific. 1274 12713
ChioagoSt. Louis <t Pittsburg.
43
4 *4
Do
pref.
483s 49
Chicago St. Paul Min. & Om..
*1 1 1 L, 1 1
Do
pref.
55
55
ClevelandCol.Cin.A Indianap.
251a
254
Columbus Hocking V al.<t Toi.
Kingston
Monday,
Aug. 8.
Range since Jan. 1, 1887.
32
54
8
Aug. 2
Mar. 5
July 39
July 13
July 12
45% June 6
25
Feb. 12
36% Jan. 10
5o
Apr. 27
727s Apr.
5
544 Jan. 14
July 26
644 Jan.
3
.Tn
7'>k
Tun.
11
v
2-
S 206
THE
CHRONICLE.
\
YrOL, XLV,
BONDS—LATEST PRICES OF ACTIVE BONDS AT N. Y. STOCK EXCHANGE, AND RANGE SINCE
JAN. 1, 1887.
Closing.
Railroad Ronds.
Range since Jan. 1.
Aug. 12 Aug. 5
32 4
83io
Atl. A Pac.—W. D. inc., 6s, 1910
Adjust. 7s, 1903
!100
b.TOO
b.
Lk’IiA \V.R..ooii.7s. LOOO.as’nt 112
a.
115
ser. B,
75 b
71 b. 69
214b. 25
D.“> a.| ‘90
1908, coup, oil
Exten. coup., 4s, 1986
6e,currency, 1918
Molt. 6s, 1911
Clies. O. ASo. W.—5-6s, 1911
105
Clilc.Bur. A Nor.-1st, 5s, 1926. 105
112
i 71
...
.
—
Sinking fund 5s, 1929
Sinking fund debent. 5s, 1933;
b.j 105
103
b. 1314b.; 130
108 4
Cb.St.P..M.A O.—Consul. 6s.’30j
Bt. Paul A S. C.—1st, 6s, 1919 124
Cb.Bt.L.A Pitts.—1st,con. ns,’32!
C. C. C. A Iud.—Gen. 6s, 1934
jl 11
Col. Coal AIrnn-lst, 6s, 1900. J 98
Col. H. Val. A T0I.-C011. 5s, ’31! 73
123
25
b.
107
98
70
70
a
b.100
1
73
j
1031
w’
A
74
68
68
81
June
Jan.
Jan.
11034 June
July 1224 Jan.
July 1130% June
Feb. [l lt»4 June
July 109
Jan.
July 108
May
July 1105 4 May
May il 42 Jan.
June
133
Jan.
Jan.
1104 Mar.
May ‘120
117
99arf
1104 Mar.
lot)4 Apr.
Jan. ; 135
Jan.
July
1104 Feb.
1244 May
1274 Jan.
Feb.
Jan. 11114 May
Aug. j 1044 June
Aug. 1 884 Jan.
July
Mar.
1
97
99
Aug.
Aug.'
Apr.
864 June
56
May
Aug. 1013)3 Apr.
Aug. 108 Jan.
;
93r>s
I
io6“b.
June
Mar.
Mar.
120
1044May
884 Feb.
954 May
85
Aug.
984 May
106
39
Jan.
1324 Mar. 137
112-4 June 115
'88*'“
Bt.P.—1st;6s,*i911
Jail.
78
b. 11778b. 115
Jan.
99
934 Feb.
884
91
1214 Juno
824 June
82
Apr.
444 Aug.
;113 4
2d iucomc 8s, 1911
Gulf Col.A Ban.Fe—1st,7s,
May
1184 Feb.
764 Feb.
..
ffl
115
93% Jan. ,102
Gen. gold, 6s, 1904...
I
|
Denver A Rio Gr.-lst, 7s, 1900 120 b.jl20*4
1st con. 4s, 1936
7 94b.
Den. A R. Gr. W.- 1st, 6s, 1911. 71 b.
Assented
69
b.
Den. Bo. Pk. A Pac.—1st, 7s, ’05
80 a.
Det.M ae. A M.—Ld. gr.3 4s, 1911
46
E. Ten. V. A G. Ry.—Con.,5s, ’561 974
Eliz. Lex. A B. Bandy—6s, 1902. 100 a.
Erie- 1st. consul, gold, 7s, 1920 1334 b.
Gr’uB.
Mar.
107
July
1184 Aug.
b.
..
West. Divi.-ion—1st, 5s, 1931.
ml
Feb.
!
8103
Cld. R. I. A Pac.—6s, coup. 1917. 132
Exten. A col. 5s, 1934
I08
6s, 1969
Funded coupon, 5s, 1969.
Ft. \V. A Deli v. c. -1st, 6s, 1921
Gal.IIar.A Sail.Ant.—1st, 6s,'10
2d M., 7s, 1905
--
June
116
1064 May
j 1094b. 108 Jan.
109 a. 1084 Jan.
debent. 5s, 1909
con.
June
100
a. 101
Feb. J1084 June
b. 1044 Jan. (107 4 Mar.
a.j 1054 ;1<)54 Aug. j 1084 Apr.
I 97 Juno j 99 Jan.
DenverDivis.,4s, 1922
Long Dock, 7s, 1893
1105
i
1134 Feb. 1118 4 Mar.
June
|i i 1‘s r eu. 116
100
July i 105 Mar.
Cldc. A Ind. Coal R., 1st, 5s, ’36 100 a
! 984
Cb.Mil.A Bt.P—1 st, [.A M.Ts,'97i 1174b.4174 b. 118 4
Coueol. 7s, 1905
j 1274b.; 127 4b. 1274
let, Bo. Min. Div.—6s, 1910— 116 a.i
‘115
1st, Cld. A Pac.W.Div—5s, ’21101
103
1104
Wis. A Min. Div.—5s, 1921
I
103 bd 103
Terminal 5s, 1914
102 4b. 103 b.;l014
Cbic. A N. W.—Consol. 7s, 1915 13V 4b.;
;13S4
Gold,7s, 1902
1-9 a,jl294h 128
Binking fund 6s, 1929
(120 a. 117
Con. 6s, 1935
N.Y.L.E.AW—2d
Jan.
b.il05
CLic. Hurl. A Q.—Deb. 5s, 1913.,lo6
ear
Aug.
Aug
Jan.
b.j 68 May
754 Jan.
a.| 22% July
32
Jan.
b.j 95 Aug. ,100 Feb.
b. 105
...
25*3
Mar.
Jan.
Jan.
110
99
Central Pacilie—gold Cs. Is98..jll53d !ll5:
San Joaquin Br. 6s, 1900
.116 b. 116 Land grant 6s. 1890
[1034b. 10345.
Ches. & O.—Pur. in. fund 6s,'981112 b. 112 b.
gold,
Jan.
June
i 954 Jan.
!
94
May
110
Jan.
lit)
June
11184 June
Fell.
109 4 Mar.
Jan.
June 111
105
934 Juno 1004
924 Jan. ! 924
99
Jail. j 1 Ot)
Jan.
Feb.
May
40'*8
36
Aug. i 53
May
118 Bib. 1204 Jan. I2534 June
6s,
1923
Gold,
! 101 4b. lul
H)0
Aug. ,10634 J uiie
Henderson Br.C'o.—1st. 6s, 193lil084b i 108 4b 1064 Mar. ! 110
Feb.
H. A Tex.
1st M. L. 7s
11414b. 1115
1124 Jan. 1 It)34 May
1st, West, D., 7s, 1891
! 113 4lj 112%
108
Mar. 1119 4 May
1st,Waco A N.7s, 19o3
il 134b.
113
Feb.
1 1i>34 May2d, consol, M. L. 8s, 1912
1064a. 1064b. 94
Feb. ,112
M ay
Gtn. molt. 6s, 1921
i.l
<6 a. 664 Feb. i 7534
May
Ind.El. A W.— 1st, prof., 7s, 1906
b. 120 b. 1194 Jan. 124 4 Feb.
1st, 5-6s, 1909
90 b.
90
b.
914 Jan. j 99
May
2d, 5-68,1909
75 b.
75 b.
76
Ai'g. I 894 June
Eastern Division—6s, 1921.
! 98 4 May
1909! 1214
..
Income, 6s, 1921
Int. A Gt.Nor.—1st, 6s,gold,’It
Coupon, 6s, 190‘9
! 344 Apr.
a.
122
98
Kent. Centr.—Stamped 4s, It) 11
Knoxv. A O.—1st, 6s. gold, 1925
94 a
88
LakeSli.- Cun. coup., 1st, 7s,1900! 124 b. 123
Con. coup., 2d, 7s, 1903
112314b. 123
Long Island—1st, 7s, 1898
h.
b.
b.
|l21
j
t 1*1*3" 'ii.
1st, consol., 5s, 1931
Lou. A Nash.—Consol., 7s, 18981120 a.
N. O. A Mobile—1st, 6s, 1930.! 109
2d, 6s, 1930
j 97 b
E. H. A N.—1st, 6s, 1919
112
b.
General, 6s, 1930
110
Trust Bonds, 6s, 1922
108
10-40,68, 1924
Lou. N. A. A Ch.—1st, 6s, 1910.
Consol., gold, 6s, 1916
Mem. A CbTston—6s,gold, 1924 1034a.
Metro. Elevated.—1st, 6s, lu08.
1174a.
2d, 6s, 1899
1084b.
Mexican Cent.- New
ass.
lit)
109
97
b. 118
a
Apr. 11214
Mar,
Feb.
Feb.
105
9078 Jan- ; 994 May
July 117 *4 May
107
Jau. 11144 May
Jan.
109
1074b. 1044 Jan.
1174a.
1084a.
I
.
...
j LOO VodTOv 4b.
1
1264 May
124
115
b.
Incomes. 3s, It) 11
J 22
204b.
Mich. Central—1st, con.. 7s. ’02 127 b.
1274b.
MlssTIPac.—1st, cons., 6s,1920 1144b ill 44b.
124
129
1224 Jan.
1120-4 May
1124 July
a.
69
Sd,7s, 1906
'100
(1134 June
1104b. 112
4s
Pac. of Mo.—1st, 6s, 1888
2d mort., 7s, lsol
Mar.
Feb.
July
Jan.
June
78
b.
1
98
109
93
Jail.
Jau.
101
116
Jan.
July
Apr.
169
103
May
Apr.
11154 May
91)
June
107
May
126 4 May
A nr.
1074 July ill 3
51
Feb.
7534 June
20
.Tilly
£7% June
127
May 131
Apr.
1144 Aug. 119
Apr.
121
June 126
Apr.
1004 Aug. 105
Jail.
1054 J uly
1104 June
STATE
SECURITIES.
A abuma—Glims A, 3 to 5
Class B, 5s
Class C. 4s,
6s, 10-20
Bid. ! Ask.
Michigan—7s
Note
cons
1906j
19061
1890
1914!,
100
18901
106
844
85
.
'119
Feb.
Jan.
116
•
Aug.
Aug.
Highest.
Apr."
122
121
133
May
Jan.
.
1
0
.
-
...
-
.
.
-
.
.
-
.
-
.
.....
........
*>
-
-
.
....
35
Dividend bds, 6s, 1894
St. L. Ark. A Tex.—1st, 6s, 1936
994
45
2d, 6s, 1936
St. L. A Tr. Mt.—1st, 7s, 1892... j
2d mort., 7s, 1897
j
Gen. Ry. A land gr., 5s, 1931. i
St. L. A Ban Fr.- 6s., Cl. A,1906
1-09
-
.
........
1
.
b.
b.
Jan.
b.
a. Iu9
i
48
June
Aug. 11023s Apr
J une j 554 Jan.
Allg.j 115
a
1134b. 1134b
93 b.j 93
| H3 b
1113 4
a. 1134a
109
93
May
July
113
July
Jan.
1144 Mar.
99
Jan.
115 4 Jan.
Cs, Class B, 190)5
|
113
July 417 Apr.
6s, Class C, 1906
114
113
July 1174 Apr.
Gen’l mort., 6s, 1931
May
a 1084 Feb. 115
jll34b.jlli
Gen’l mort., 5s, 1931
100
4
|—
9s4 July 1014 June>
Bo. Pac., Mo.—1st, Gs, 1888... 100 b. LOO 4b. 100
July 1044 Jan.
St. Paul M. A M.—1st, 7s, 1909.
HD's Jan. 118
Apr.
2d, 6s, 1909
118
Feb.
121
Mar.
1st cons., Cs, 1933
117
1164
120 4 May
Do
reduced to 44s.
98 b.
994
1014 May
Shenandoah Val.- 1st, 7s, 1909
109
May
Gen’l mort., Cs, 1921
464aJ
;
j
55 May
:
Bo. Carolina—1st, 6s, 1620
107
4 Jan.
j 36 b.j
69 4a J
2d. Gs, 1931
80
Jan.
Inc., 6s. 1931
1541*.1
284 Jan.
So. Pac., Cal.—1st, 6s, 1905-12.. 114
6. 1114b. 1 104 Feb.
115
July
So. Pac., Ari.—1st, Cs, 1909-10.. 1114b. 114 4b. 11()
ITT).
112
Apr.
So. Pac.. N. M.—1st, 6s, 1911.
1074b. 11)5% Jan.
110
Juno
TVx. A Pac.—Inc. A ld gr, 7s. ’15
49 4b.' 53 4
49* Aug. 1 664 Feb.
Rio Grande Div.—6s, 1930
714a ' 714
04
Feb. ! 784 May
Gen. mort. A term., 6s, 1905..
62
b.1
( 2 4 A
72
ilg.
Apr.
9 8 34
Tol. A. A: A N. M.—1st, 6s, 1924
89
j 99
Jau.
100
May
Tol.A.A. A Gr.Tr.-lsT, 6s. 1921 105 a.'106 b.
1094 Juno
Tol. Peer. A West— 1st, 7s, ’17 .11054-1. I08 a.
112
Feb.
Toi. A Ohio Cent.-1st. 5s, 1935j 93
b., 954
j 99% Jan.
To).St L. A Kan. C.— 1st,6s,1916'
I 96 4
974 Juno
Union Pacilie—1st, 6s, 1599
1154b. 11541)
119% Mar.
Land grant, 7s.4887-9.
1034b. 1034b.
1034 May
Sinking fund, 8s, 1893
'115 b. 115 1*.
120
Feb.
Kan. Pacific—1st, 6s, 1895
i 110 l>.!
115
May
1st, 6s, 1896
115
;jlll b. 110 b.
Mar.
Denver Div.—6s, 1899
1154b.' 1154b
103 4b. lot
10234 May ! 109
Apr.
Oregon Bit. Line -1st, 6s, ’22.. 994b. 100
974 Aug. 1074 Jan.
Virginia Mid.—Inc... 6s. 1927
95
Apr. ; 99
Jan.
Gen’l mort., 5s, 1936
88 3d
; si) a. 86 June, j 90 Apr.
Wab. St.L. A Pac. - Gen., 6s, ’20 5049. 55 a.
49
J-aii. 1 604 May
98
Chicago Divison—5s, 1910
89
Feb. '1044 May
9334
82
b.
Wabash—Mortgage, 7s, 1909..
844 Mar. j 97
May
Tol. A Wal).—1st, ext.. 7s, ’90 115 b. 114 T. 1104 Jan.
1174 May
1st, St. L. Div.. 7s, 1889
110%b.
Jan. 1116
106
May
2d, extended, 7s, 1893..,... 98 b. 97 )gb. 99
Jau.
108
May
83
Con., couv., 7s, 1907
b.
b.
65
Mar.
81
99
May
Great West.—1st. 7s, 1888
115 b. 114 bi¬ 109
Jan.
1174 May
2d, 7s. 1893
98 b.
98
ll. 98
Aug. 107
May
St.L.K.C. AN.—R.eAr.,7s,’95. 114
112
b. 109
Mar. 1144 July
West Shore—Guar.. 4s
99 3,
9934
984 J uly 11043s Juno
...
..
1
...
*
........
....
....
ItON »S.
Bid. j Ask.
due 1889
or
6s, loan
18931
North Carolina—Gs, old
.JAJj
1900
Funding act
New bonds, J. A J
1892- 1898
Chatliam RR
Special tax. Class 1
Consolidated 4s
1910
6s
I
Lowest.
j 90 Jan.
K.ATex.—Con., 6s, 1920... 94
July 1024 Apr.
82 34b.
Consol., 5s, 1920
814 Aug.
89% Apr.
Consol., 7s. 1904-5-6
109
j 109
Aug. 1134 Jan.
Mobile A Ohio—New, 68,1927 ..(HI b. 1134b
10876 Feb. il 14
Apr.
1st, Extension, 6s, 1927..
106 b 1104
May 1074 Aug.
1st pref. debentures, 7s
48 b. 45 b.j 47
664 Mar.
Aug.
Mutual Uni Tele.—S. f., 6s, 1911 84 b. 8433 | 33
Aug. j 89
Mar.
Nash. Ch. A St, L.—1st, 7s, 1913 129 a. 1-9 a. 127
July 131
Apr,
N.Y. Central—Extend., 5s, 1893 105 a 104
1014 Jau. K)714 Apr
N.Y.C. AH.—1st, cp., 7s, 1903!) 3249. 132
1324 Aug. 137
May
Debenture, 5s, 1904
(1104a.!lK)
0(5
II QSg Juno
N.Y.A liar.—1st, 7s, 1900
13d1 gb. 130 1». 1284
May
N.Y. Cliic. ASt.L.—1st, Cs, 1921.. | 97 b. 97 4
85
Jail.
1014 May
2d mort., 6s, 1923...
92
b.
914b. 70
Jan. i 99
May
N.Y. City A No.-Gen., 6s, 1910
67 b. 70
80
654 .Tan.
Apr.
1181
1174b. 117
U23
Jan.
July
125
b.
1254 Jam ! 1284 Apr.
Const i action, 5s, 1923
109
107
Feb. 1110
Jan.
N. Y. Out. A W.—1st. Os. 1914.. 108-r 4
1094a. 107
Jail. 110-4 Feb,
N.Y. Bus. AW.—Deb. ,6s,’97,cp.ofl
69
Feb.
77
Apr.
1st refunding, 5s, 1937
91
9o4b. 904 Aug.
964 May
113 a,
Midland of N.J.—1st, 6s. 1910 113
a.
no
A nr. 115 4 M ay
N. O. Pacific—1st, Gs, 1920
79 4b.
804
754 l et). j 86 4 May
North.Pacific—1st,coup.,6s, ’21 LI 54b 115 4
1144 July (1184 Apr.
105i
Gen’l, 2d, coup., 1933
1054
1034 .Tati. 1074 Mar.
James R. Val.
1st, 6s, 1936..
106 4 Jan. j-111
May
N. Pac.Ter.Co.—1st, 6s, 1933... Lu2 a. i'0’3 a. 100
July 1074 Juno
Ohio A Miss.—Consol., 7s, 1898.
116
a. 115
Jill V ,123
Apr.
114
2d, consol., 7s, 1911
1 14
July 119 Jau.
Springfield Diw—7s, 1905
109
Jan.
1124 Apr.
102 b. 102
a. 102
Feb. 111 l 4 Apr.
40
a.
354b. 35
July ! 504 May
96
90
914 Mar. 11024 May
Ore. R. A Nay. Co.—1st, 6s, 1909'HO
no b.
b. 110
no
108
Jan.
112
May
a. 1< 0
b 1004 Ji.no
Consol., 5s, 1925..
jl06 Jan.
Oregon A Transcon.—6s, 1922.:
! 99 a. 98
June 1044 Apr.
Peo.Dec. A Evans.—1st, 6s. ’20.
1134
110
Mar. 11154 Juno
Evansv. Div—1st, ds. 1920...
a. 110
a. 108
Mar. 112
Feb.
Rich & All.—1st, 7s, 1920, tr. rec
:
62
65
Aug. ! 77
Apr
Richm. & Dan.—Cons., 6s, 1915
b. 1114
11104 July 115
Juno
a. 110
a. 106
Debentiire, 6s, 1927
Feb.
114
Apr.
Roeh. A Pitts—1st, Cs, 1921...
114
Feb. i 120
Mar.
1134b. 1134b 108
Consol., 6s, 1922
Jan. ,117
Apr.
RomeW. A Ogd.—1st, 7s, 1891.
105% 6. 1084 June '1124 May
1*02““ 10134 (IO04 June ,1044 Mar.
Consul., extend., 5s, 1922
St Jo. AGd. Ini.—1st, 6s, 1925
10133b. 102
99% Aug. It 84 Apr.
04 b. : 65
2d, income, 5s, 1925
75
July
Apr.
St. L. Alt. A T. II.—1st, 7s, 1894.
Jan. 116
Juno
109
a.
2d, M., pref., 7s, 1894
Feb. 1123g Juno
107 bJ 1074b.
2d., M., inc., 7s,* 1894....'r.
May 108 Jan.
1890.
Asylum or University, due 1892
Funding
*
1894- 1895!
New York—6s, loan
1892
The letter “ b ’ indicates
price
Imp. A Equip.—6s, 1922
Mo.
SECURITIES.
Missouri—6s
Arzamas—6s, funded.. 1899-1900
7s, Lillie Rock A Fc-rt Smith, iss.
7s, Mrmphi- A Lime Rock, iss..
Louisiana—7s,
Stamped, 4s
b.j
12 -4 ug. 5i
a.
Minn. & ,8t. L —1st, 7s, 1927
Range since Jan. 1.
SECURITIES.
1
Rhode Island —6s, coil..lo93--18!'4
Spuili Carolina—6s, 11011-fund.1.1888
Brown consolidated 6s
1 8‘-13
Tennessee—6s, old
1892--1898
.1912
Cojupromise. 3-4-5-Gs
New settlement—6s....
.1913
;
i
1906
1909
7s, Arkansas Central RR
Ge ugia—7s. gold
Michigan Div.—1st, 6s, 1924.. 116
109
07:?8 Aug.
a.
Mil. Lk.Sh. * Wr— 1st, Cs. 1921
90
Feb.
j! 834 Jan.
| 994 j 984
A ug.
38% June
10-Ijb. 1084b. j 1054 Jan. j 1084 June
Convert, ueb. 6s, 1908
Interim bond certificate
6s
Highest.
254 Feb.
824 July
Guar., 4s, 1937
| 83
Car. Boutli.—1st guar., 5s, 1908.1054
10-i-Ub |104%
20 5s 1913
02'8 | 904
Cen. Iowa—let, 7s, '99, coup, oil, 84 b. 84 b ! 85
Central of N. J.—1st, 7s, lS'JO.. lO-l^b.jlO-lBgb. 1045a
Consol. 7s, 1899, assort
!113 b. 113 b.!l07 4
Conveit. 7s, 1902, assent
jll3 b.112 b. 109
Closing.
Railroad Bonds.
Lowest.
1919
.
5s
3s
16
6s, eonsolidated bonds.
984
bid, and “ a” price aslced; all other prices and the range
.1913
6s, consolidated, 2d series..
6s, defen ed, trust
are
from actual sales.
rec
1
Ask
116
6
105
60
70
102
74
103
-
106
1024
.1913
Virginia—6s, old
125
Bid.
7u4
48
90
60
10
114
August 13,
THE CHRONICLE.
1887.]
BONDS—STOCK EXCHANGE
Bid.
SECURITIES.
Ask.
Railroad Bonds.
1st 5s
1906
Consol. A col. tr, 5s
1934}
Registered
Minn. & St. L.—1st 7s, gu
Iowa C. & West.- 1st 7s
109V
Erie—1st, extended, 7s
2d, extended, 5s
3d, extended, 4 Vs
4tli, extended. 5s
5th, 7s
1st, cons., fd. coup., 7s
99
110
100
..1927
105
100
1st 5s
1921
Buff. N. Y A* Phil*—Cons’.'6s'.! 4921
Trust certificates
General 6s,
1924
Eastern. Division—1st 6s ..1912
Illinois Division—1st 6s
1912
Cent. RR. A Banking Co., Ga.—
Collateral gold, 5s
Chesapeake A Ohio68, gold, series A
..1908
Ches. O. A So. West.-2d 6s... 1911
Springf. I)iv.—Coup.,..68,
Chicago A Alton—
1st. 7s
1893
Sinking fund, 6s
1903
Louis. A Mo. River—1st 7s..1900
2d 7 s
1900
St. L. Jacks. A Cliic.—1st, 7s.l894
1st, guar. (564), 7s
2d mortg. (360), 7s
guar.
119
123 V
119
117
1st, consol., 7s
2d, 6s
Gold, 5s, coupon
121V
131
96
1921
Registered
Ext. A Col., 5s
1934
Registt red.
114
114
118
115
115
106
95
103
115*9
105*2 1053*
93
”95“*
92
1909
1093}
118
1919
1st, 6s, Pierce C. A O
Equipment, 7s
1895
Kan. City A S.—1st, 6s, g.1916
121
97
93 V
117
101
103
109
Ft. 8. A V. B. Bg.—1st, Gs 1910
St. Li. K.ASo.Wn.—1st, Gs.1916
Tex. A Pac.—1st, 6s.
1905
121
73
1st, 6s, ox coupon
Consol., 6s, trust receipts. 1905
96^*4 Pennsylvania RR.—
117
Pa. Co.’s guar. 4 Vs 1st cp..1921
Pa. Co.’s 4 Vs rcg
1921
10G
111
103*2 101*9
104V
Pitts. C. A St. L.—1st, cp., 7s. 1900
Registered
1907
1913
2d, 7s....
*115 V
Pitts. Ft. W. AC.—1st,
■v
113
114
105
2d, 7s
3d, 7s
7s...1912!*
19121*137
1912 *135
4th, sink, fd., 6s
1892
St. L. V. A T. II.—1st, g., 7s 1*9
2d, 7s....
1898
2d, guar., 7s.
1898
107 V
102V 103
Incomes
Mahon’g. Coal RR.—1st, 5s. 1934
1403*
138 V
128
106
Clev. A P. —Cons., s. fd., 7s. 1 v*()0
118
114
1123
132
130 V
107
108 V
107
119
11434 115V
St. Louis A San Francisco—
1897
1951
10IV
1897
1898
1908
1907
Extern, l«t, 7s
...
103 V1...
Col. Trust, 5s
O. Br. U. P.—F. c.,7s
1895
Ateh. Col. A Pac,—1st, 6s 4905
Atch. J. Co. A W.—1st, 6s. 1905
Ut. So.—Gen., 7s
1909
138
108
...
101
Lake Shore A Mich. So.—
Pino (’reck Railway—6s of 1932
1892
Cleve. P. A A.—7s
Pitts. Cleve. A Tol.—1st, 6s ..1922
Buff. A Er.—New bonds, 7s. 1898 *1.2*3 V 1125
Kal. A W.Pigeon—1st, 7s... 1890 100 I
iPitts. Junction— 1st, 6*
1922
Pitts. MeK. A Y.—1st, Gs
Det. M. A T.—1st, 7s
..1906 *123
1932
Lake Shore—Div. bonds, 7s.1899 121
V [Rich. A Danv.—Deb. ex cp.6s. 1927
123
V
Consol,
moit.,
425h,|
gold, 5s
1937
Consol., rcg., 1st, 7s
1900
124
! Atl. A Char.—1st, pi\, 7s
Consol., rcg., 2d, 7s
1903 123
1897
Iowa Div.- Sink, fund, 5s.. 1919 *111V
971i>
Sinking fund, 4s
1919
Plain, 4s
.
Ced. Falls A Minn.—1st, 7s. 1907
lndianap. D. A Spr.—
1st, 7s, ex. fund, coupon
1906
Lake Erie A W’n -1st. g., 5s.. 1937
106
1st, 6s
1st, 6s.
Col. Trust, 6s.
Ask.
11530!...
Cal. A Oregon—1st, 6s
1883
Cal. A Oregon—Ser. B„ 6 1892
Molt. bond. 6s
1936
West. Pacific—Bonds. 6s ...1399
No. Railway (Cal.)—1st, 6s4907
Union Pac,—1st, 6s
1896
124
Dub. A S. C.—2d Div., 7s ...1894 *111
1901
Chic. Burl. A No.-Deb. 6s.... 189(5
Chi. R. Isl. A Pac.—6s, coup.. 1917
11530
r90'
1951
1951
1898
1921
Registered
(188), 7s
5s, sinking hind
Pacific Railroads—(Continued)—
Gold bonds, 6s
1896
Gold bonds, 6s
1897
136
Middle Div.-Reg., 5s
C. St. L. A N. O.—Ten. 1., 7s. 1897
...1894
1898
1898
Miss. R. Bridge—1st, s.f. 6S.1912
Chic. Burling. A QuincyConsolidated, 7s
1903
2d,
1908
1916
1st, gold, 4s
1st, gold, 3^8
103 s4
108
1091a
Han. A St. Jos.—Cons., 6s
1911
Hous. E. A W. Tex-1st, 7s... 1898
Illinois Central—-
104
1937
Bid.
107
116
;Evans. A Indian.—1st, cons...1926
Fl't A P. Marq.—Mortg., 6s. ..1920
Grand Rap. A Ind.—Gen. 5s..1924
Registered
Trust certificates
Central Iowa-
SECURITIES.
1923
118^
1920
1888 10214
1920
N. Y. L. E. A W— Col. tr., 6sl922
Buff. A S. W.—Mortg. 6s.... 1908
Evan. A T. H.—1st, cons., 6s. 1921
Mt. Vernon—1st, 6s
1923
40
j Ask.
1897
1919 41714
Reorg., 1st lien, 6s
B. N/ Y. A E.—1st, 7s
1909
Ced. Rap. I. F. A N., 1st 6e.l920
Bid.
Det. Mack. A Mar.-lst, 6s...1921
Det. Bay C. & Alp. - 1st, 6 ... 1913
E. Tenn. Va. A Ga.—1st, 7s... 1900
Divisional 5s
1930
E. AW.of Ala.,1st,eon gld. 6s.lP26
Eliz. C. A N.—S.f., deb., 6s. ..1921
1st mortg., 6s
1920
Sinking fund, 6a
1911
81
75
Beecii Creek-1st gold, 4s
1930
126
Balt. & Onio—IstGs, ParkB ..1919
5s, gold
1925 109 V
Registered
Bost. H. Tim. A W—Deb. 5s... 1913
Burl. Cedar Rapids A Nor—
QUOTATIONS ON FKIDAY OF INACTIVE RAILROAD BONDS.
SECURITIES.
(Stock Exchange Price3.)
Atoll. Top. & San. Fe^-4Vs ...1920
207
'
37
114
1900
Rich. AW. Pt. Ter’l. Trust Os.. 1*»7
Lontr Island RR.—
Des Modus A Fort I).—1st,4s. 1905
88
85
San Ant. A A rails. — 1st, 6s-, '85-1916
N.Y. A M. Beach—1st, 7s..1897
60
1905
1st, 2V>
N. Y. B. A M. B.—1st, g., 5s. 1935
1926
1st, 6s, 1886
85
88
Scioto Val.—1st, eons., 7s
Extension, 4s
Louisville A Nashville—
1910
Keok. A Des M.—1st. 5s ....1923
110 *2
109V
Cecilian Brancn- 7s
1907
Coupons off
St. Louis A L on Mountain—
Pensacola Div.—6s
1920 103 V 105
Chicago Milwaukee A Si. Paul—
130
Arkansas Bianch—1st, 7s.. 1395
1st, 8s, P. I)
1898
St. Louis Div.—1st, 6s
1921 110
59
Cairo A Fulton—1st, 7s
2d, 7 3-1 Os, P. D
1898 118
1891
2d. 3s
1980
Cairo Ark. A T. — 1st, 7s
1st, 7s, $ g., R. D
Nasliv. A Decatur—1st, 7s..1900 *118
1897
1902 127 V
St. L. Alton A Ter. Ilaute—
1st, La Cro.Nse Division, 7s..1893 116
S. A N. Ala.—S. f., 6s
1910
Bellow A So. III.—1st, 8s. ..1890
'I Louisv. C. A L.—6s
1st, I. A 1)., 7s
.18991-320
1931
102
Bellev. A Car.—1st, 6s
1923
1st, C. A M., 7s
19031 1271"
;
5 p. c. 50 year gold Inis
1937
94
98 - St. Paul Minn. A Man.—
1st, 7s, T. A D. Ext
19081 125 *
Pens. A At.—1st, 6s, gold.. 1921
1910
116
1st, S. W. Div., 6s
19091
j Dakota E\ten.—6s
Lou. N. O. A Tex.—1st, 5s.... 1934 *
90
Min’s Um—lsf, 6s
1st, 5s, La C. A Dav
1919 103
1922
PManhat. Beach Imp. Co.—7s. 1909
St. Paul A Duluth—1st, 5s. ...1931
1st, H. A D., 7s
1910 120
1911
| Mexican Central—1st, 7s
Sodus Bay A So.—1st, 5s, g.,.192 l
1st, II. A D., 5s
1910
!! Ex coupons 6, 7, 8
j Tex. Central—1st, s. f., 7s
Chicago A Pacific Div., 6s..1910
1909
j Mich. Cent.—1st, con., 5s
1902 108 V
||
Cliic. A Mo. Rfv. Div., 5s ...1926
1st mortg. 7s
190:
6s
1911
Mineral I’eint Div., 5s
1910
1905
1931 J07" 108 V Tex. A N. O —1st, 7s
Coupon. 5s
C. A E. Sup. Div., 5s
Sabine Division, 1st, 6s
1912
1921 402V
Registered, 5s
1931
415
Fargo A South., 6s, Assu .1924
Jack. Lam A Sag.—6s
Valley R'y Co. of O. -C011. < s. 1921
1891 104
Inc. corn*, sink, fund 5s
1916
Milwauk. A North.—1st, 6s...1910 107V 108 V1 Wab.St.L. A Pac.--1 lav. Div.-6s. ’ 10
Dakota A (it. South., 5s.....1916
:!
Indianapolis Div.—6s
1921
Extension, 6s
1913 106V
Detroit Div.—Os
1921
Chicago A Northwestern—
I Milw. Lake S. A West.—
100
Cairo Div. 5s
1931
Extension bonds—Is
1926
9GV
Conv. deb., 5s
1907
L 10
Eseanaba A L. S.—1st, 6s...1901
Tol. A Wab.—Equip. bds.,7sl 383
I Ashland Div.—1st, 6s
1925
Des M. A Minn.—1st, 7s
1907 427V
Minn. A St. Louis—
Quin. A Tol.—1st, 7s
1890
i
116
Iowa Midland—1st, 8s
Han. A Naples— 1st, 7s
Iowa Ext.—1st, 7s
1900
190
1909 112
LOO
Ill.
A
Pen i n sula— l st, c<*n v., 7 s... 1S98
j
2d mortg., 7s
So.Iowa—1st,ex.6s 1912
1891
Cliic. A Milwaukee—1st, 7s. 1898 *121
St. L. K. C. A N —
Southwest Ext.—1st, 7s
1910
I
109
l
Omalia
Div.—Tr. Co.rec.19P
Win. A St. P.-2d, 7s
Pacific Ext.—1st, 6s
1907 *131V
19211
Mil. A Mad.— 1st, 6s
Clarinda BLinch—6s
1919
Minn. A Pac.—1st mortg. 5s. .1936
19Of 118V
J Minn. A N. W.—1st, 5s, gold..1934 ioi" 102 ii
Ott. C. F. A Si. P. —1st, 5s.. 1909 408
Bt.Charles Br’ge— lst,0s.l908
94
Northern Ill.—1st, 5
No. Mbt® iri— 1st, 7s
1895
1910
109^- Mo. K. A T.—Cons..2d, inc....l911
10.>v Wab. Sr. L. A: Pac.—Iowa Div., 6s
Cl. Col. Gin. A lndianap.—
II. A Cent. Mo.—1st, 7s
1890
Mobile A Ohio—Col. tr., 6s ...1892 107
1st, 7s, s. fd
1891) 121
71
75
Consol. 7s
1914
St. L. A Cairo-48, guar
| Registered. .1..
1931
}
1904
W. Telegraph— ■7 s
Consol, sink, fd., 7s
1914
Morgan’s La. A T.—1st, 6s
1920
1st M. 5s. .1926
Chic. St. Paul M. A O.—
lsf, 7s
1918 1*20
108
Chic. S. P. A Minn.—1st, 6s.1918 125
Nash. Chat. A St. L.—2d, 6s.. 1901
J 30
South Pitts.—1st, 6s
No. Wisconsin—1st, 6s
1902
1!IN. Y. Central—6s
1887 ioiv
1930
1
95
Bir. I)iv.—1st Con. 6s
1917
Chic. A E. Ill.—1st, s. f., cur.. 1907
11034! N.J. June.—Guar. 1st, 4s
1980
!
Id. A Hock. Coal A I.—6s, g..l9I7
115
Consol., 1st, 6s
1934
Registered certificates
Income ISond*.
Chic. AW. Ind.— 1st, s.f., 6s.. 1919
N. Y. P. A O.—Prior lien, 6s
1895 i'69^
General mortgage, 6
(Interest payable ij earned.)
1932 iio" 112 34 N. Y. A New Eng.—1st,.... 1905
1
diantic A Pacific—
Chic. A St. Louis-.—1st, 6s
1915
1st, 6s
1905
70
Central Division—Income.. 1922
Cin. I. St. L. A Chicago—
N.Y. Susq.AWcst.—2d, 4V8...1937
N. Y. N. H. A H.—1st, leg. 4S.1903
::::::
1st, gold, 4s
1936
Chicago A East Ill.—Income.. 1907
Northern Pacific—Dividend scrip..
Registered
Cin. Jack. A Mac. — 1st,g.,5s. 1933
:::::: i
Dividend extended
106 34 1
Col. A Green.—1st, 6s....
1916
Spok. A Pal.—1st, s. fd., 6s. 1.930
L Jiz.City A Nor.-2d ine.
116
St. Paul A N. P.—Gem, 6s.. 1923
19,0
2d, Gs
1926
1
Col. A Cin. Midland—1st, 6s..1914
98
nd’ap. Dee. A Spr.—2d inc.. 1906
Registered
J
Trust receipts
Del. Lack. A West.—Conv. 7s. 1892
Helena A RedM’n—lst,g.,6s.l937 1*05*' 107"
1888
,eh. A Wilkesi>. Coal
Dul. A Manitoba— 1st, g. 6s.1936 100
1907 132
Mortgage, 7s —
lilw. Lake Sli. A W.— Income
N. O. A No. E.-Pr. 1., g., 6s .,1915
Syra. Bing. A N. Y.— 1st,7s.1906 1333}
lobile A Ohio—2d prof, deben
Morris A Essex—1st,7s
Norf. A W.—Gen., 6s
1914 140V
1931 iisv ::::::
3d pref. debentures
New River—1st, 6s
1891 408V- iio
26, 7s
...1932
4th pref. debentures
Bonds, 7s
1900
Imp. A Ext.. 6s
1934 i’oo
r. Y. L. E. A West.—Inc.,. Gs..1977
7s of 1871
107 V
1901 425
Adjustment M., 7s
1924 106
)liio Cent.—Min. Div.-Inc. 7s 1921
131
1 Ogd. A Lake Cl).-1st, 6s
1st, con., guar., 7s
1915
1920i
1 Ohio A Miss.—Cons., s.f., 7s..1898 115
116
Del. A Hud. Canal—1st, 7s... 1891 107
!<
Income
1920
1931st, ext., 7s
1*91 *107 V
j General 5s
1 Ohio Cent.—1st T< r. Tr., 6s... 1920
tocli. A Pitch.—Income
1921
Coupon, 7s,
1894 115 V
1
t. L.I.M.AS.—1st 7s, pf., int. ace’t.
117
Min. Div.—1st, Gs
1921
Registered, 7s
1894, * 115
Pa. Div.. coup., 7s.
142 V Ohio River RR.—1st, 5s
ibov tcrling i. A R’y, series B.—Ine.’94
191"
1936
Plain income 6s
1896
4 16
|[
77 V 7334
Registered
103 V1!
Albai y A Susqite.—1st, 7s.. 18881 *103
*
1st. cons., guar., 7s
130
190i
[Panama—Sink. Id., sub., 6s...1910
Free LiNt.
75
oria Dee. A Ev.—2d, 5s
787ri'
1927
Registered
‘Imago A Atlantic—1st, 6s...1920
1st, cons., guar., 6s
1906’ *119 V
[Peoria A Pek. U’n—1st, 6s
19211 107V
umoerland A Pei n.—1st,6s. 1 *91
[1 2dM..4Vs
Registered...
192l|
2d mort. 6s
188*
*140
Rens. A Sar.—1st
[Pacific RR.-central Pacific—
1
r. J. Southern—Int. guar., 6s. 1899
*140
Gold bonis, 6s
1895 115V
Registered
r
87 V
90
90
90
50
65*r
114 V
10530 105 V
112
110
...
111 V
118
j
..
102
105
..
94
100
'
113
45
106
j
......
120
60
il5
50
j
.
95
116V
116 V
.
100V
!
i05’“
......
83 V
......
85
j
......
.
1
25
__
r
26
18
30
15
22
|
.
i!
120V1;
11=
*
No price
iri lay; these me latest quotations made this week,
p
90
102
101
'
96
99
CHRONICLE.
THE
208
|Vol. XLV.
New York Local Securities.
Quotations in Boston, Philadelphia and Baltimore
Bank Stock List.
AaP.
BANKS.
97
117
grant, 7a
97
4—
Plain, 5a
Mortgage, 5a
j§
Mortgage, 4H.>a
t
Trust, 6a
5
Bar. A M o.in N eb.—Ex’t,6a
101
108
108
92
115
6s non-exempt,
4s
Land gi ant, 7a
Calitornia So.—Ca
89
87 34
100
I
64
I
Income 6s
Cine. K. C. A Weat’n—5a.
Incomes
Cons. Vermont, 5a
89*4
*65*
.
125
122 Hi
Eaat’rn, Mass.—6a, new..
Frem.Klk B.AMo.V.-6s.. 4
K. C Fort scott A G.—7aj
K. Citv Lswt. A So.—6a..I
K.C. MempU. A
Bid.
SECURITIES.
Birm—5 s
$•
m.jo.&O. B.—7a
92
124
111
92
vllegh. Val.—7 3-10s, ’96
7s, E. ext., 1930
Tnc. 7s, end., oonp., *94
117
111
19
Balt. A O.E. Side—Certs.
Bel-vid’e Del.—1 »t.6a.1902
Cons. m. 4a., 1927
101H2 105
172
Exoh... 140
260
Broadway...
lutcha’A Dr 165
133
'eutral
20i*
Ohaae
Chatham.... 215
Chemical.... 2100
13a
titizena’
4
V 2034
117
Gap—1st, 7s, 1893.
1st, 6s, 1905
Con., 6s, 1913
ben
s
Buff. N.Y. A Phil.—1st,6s
>
St, Tr. 6s, 1922
Cam. A Amboy—6s, c.,’89
Mort., 6s, 1889
Atl.—1st,7s,g.,’93
2d, 6s, 1904
Cons., 6 p. c
Cam. A
Cataw'issa—1st, 7s, con. c.
New 7s, reg. A coup...
Col. AC. M.—1st, 68.1914
Counect’g 6s, Cp., 1900-04
Del. A Bound Rr.—3 at,7s
Rutland—1st 6a
5a
98H2
Southern Kansas—5s
87 Hj
Incomes
104 Hj
Sonora—7 s
96
Wisconsin Cent, -let aer.
54
2d aeries
STOCKS 1
Atchison A Topeka
*107
Boston A Albany
200
Boston & Lowell.
162Hi
Boston A Maine
Boston & Providence....
Boston Con. A M.. pref..
Boston Revere B. A Lynn£
California Southern
j 45
Central of Massachusetts ? 20
Preferred
'
38
83
1U5
*55
A East’n Illinois...
Burl. & North’n
A West Michigan..
84 Hi
Sandusky A Cleve.
Cleveland A Canton
22 Hi
8
Preferred
Concord
97
24 Hi
32
135
194
No., pref.
iie
Preferred
Fitchburg, pref..
Flint A Perl. Marquette.
3134
100
Preferred
Iowa Falla A Sioux City.
Kan. C. Clin. A Springf’d
City Ft. S. A Gulf
Preferred
K. C. Mcmpli. A Birm
Kan. C. »t'**ngl. A Mem.
Little Rock A Ft. smith.
Louisv. Ev. A St. Louis..
..
‘*44”
7*8*
76
’To”
......
Maine t enn ai
Manchest* r A Lawrence.
15
14 34
Mexican Central
44 V
44 lb
N. Y. A New England...
113
Preferred
i 1 12
145
Northern
175
Norwich A Worcester...
15
Ogdeusb. A L. Champlain
180
178
Old Colony .
Portland Sac-'A Port am. 133
116*
Porta. Gt. Fa is A Con’y.
8
Rutland
39
Preferred
Summit Brant a
9;,4
21 Hi 25
Wisconsin Central
45
Preferred
.
PHILADELPHIA.
RAILROAD STOCKS. 1
9 Hi
Buff. N.\. A Phil.,aas.pd.
Preferred
Camden A Atlantic
i:
40
Preferred
13
Cfttawiasa
1st preferred
2d preferred
Delaware A Bound Brook
East Pennsylvania
40
Elmira A Williamsport..
60
Preferred
Huntingd’u A Broad Top
57 H.
55
Lehigh Valley
Little Schuylkill
Minehill A Sch. Haven...
Neaquehomng Valley.
Northern Central
North Pennsylvania
7 3a4
65 Ha
Pennsylvania
Philadelphia A Erie
Ger. A Norristown
Newtown A N.Y..
A Reading
Wiiui. A Balt
i 1*434
51
47
65
16
27 Hj
60
)*.end.
1*
<••
l
Conv.
Scrip,
Cons. 5s, 1st aer.,c., 1922 i
Cons. 5a, 2d ser.,0.,1933
Debenture coup., 1893.
—
KS.
£»Hl.
dot,
*9 6 Hi
133
90
6J
......
Erie—1st, 7a.
6334
.....
104
W.—1st, 5s
4 97 Hj
2d, 6a. 1938.,
Sunb.ALewist’n 7a.C,.’9b i 17 *9 119 Ha
nyr.Gen.A Corn.—1st, 7s.I ------r-jTex. A Pac.—1st, 6s,1905 3Ho
101
Consol., 6a, 1905
33
Union A Titusv.—1st, 7a.! ---United N. J.—Cons.6a,
Cons. 6a, gold, 1901
6a, gold,
Gen., 4a, old,
Cons.
94 2112
1908
1923
...
Warren A F.—1st, is, 9b.
West. Chester—Cons. 7s.
W. Jerscv—1st, 6a. cp.,’9t
lat, 7s,1899
Cona. 6s,
1909
W.JerseyAAtl.—lat,6s,C.
Penn.—6a, coup.
6a, P. B., 1896
Western
5a, reg., 1923,....
CANAL BONDS.
Cliea. A Del.—lat, 6s,1886
Lehigh Nav.—4 Ha,
1914.
Mort. RR., reg., 1897 ..
Cona., 7a, reg., 1911---
Pennaylv.—6a, cp., 1910.
Schnylk.
Nav.—1st,6a,rg.
2d, 6a, reg..
1907
27 V
Pref
Western
Maryland....50
RAILROAD BONDS.
Atlanta A Chari.—lat—
Inc
v
Baltimore A Ohio—4a....
Cen. Ohio.—6a, lat,M.A8.
Chari. Col. A Aug.—lat..
2d
Cin. Wash. A Balt.—lets
2d a
3da
lat Inc., 5a, 1931
ColumbiaA Greenv.—1st2ds
No. Central—4 Hjs, J. A J.
6a,
6a,
5a,
5a,
1900, A. A O
gold. 1900, J. A J...
Series A
Series B
Pittab. ACon’ella.—7aJ A.
215Ha Union RR.—lst,gua.J A.
Canton endorsed
Virginia A Tenn.—5a
...
W.Md.—6a,3d,guar.,J.AJ
49
6
i Per share.
Wilm. C. A Aug.—6s
Wil. A Weiaon—5a
7s
§ Last price this week,
..
J 78
130
700
! 600
144
150
Ask.
Bid.
OOMPAN’H
Sr. Nicholas.
....
republic
.
.
185
128
118
*****
*
230
***
S toe ALeatb 142
4cateof N.Y. 120
r,hird
’radeamen’s 105
123
"
125 V
'nitod st.’es
Lint.
173
American... 160
75
Amer. Exch.
H5
Bowery
175
Brooklyn ... 110
Citizens’.... no
117
110
City
Clinton
35
Commercial.
Continental. 210
24 0
Eagle
Empire City 100
Exchange... 160
115
Farragut
99
Firemen’s**.
Gerraan-Am. 300
Germania... 156
118
Glohe
COM PAN’S.
Greenwich..
Guardian
Hamilton
’50
73
180
Vatioual.... 100
X. Y. Equit. 160
Hanover....!!*. 5
'40
Niagara....
..|120
jHome
'Kings Co....!200
80
Knickerb’kr
Long Island; 95
Lafayette...! 95
Mauuf c.A B 120
'Mechanics’
60
Mercantile..
00
'Merchants’.! 90
;Montauk....! 95
iNaaaau
] 140
1
12.5
Ask.
Rid.
108
175
100
175
105
180
100
180
110
125
150
no
65
125
156
170
180
95
160
North River
95
Pacific
170
85
Park
Pet’r Cooper 170
100
People’s
..
.......
Pheiiix
Kutger’a.... 140
102
60
105
United St’ea 140
Westchester 140
Williamsb’tr. 260
standard
Sterling
Stuyvesant
l
Railroad
City
X. Y. Fire
145
80
135
115
95
105
106
135
80
70
100
100
150
j 14 0
....| 60
iJefferHon....!l20
'Howard
160
and
Ask.
|220
_..| 63
85
165
190
125
115
125
115
40
225
'60
no
115
125
103
310
Broadway...
COMPAN’s.i Bid.
O
il'
Bid.
COMPANI Eh.
>iuoaiyn
Gas-Light
Bonds, 5s
‘lonsolidaied Gas
J u-aey City A Hoboken...
Metropolitan—Bonds
Matual (N. Y.)
N
Bonds, 6s
vsaan (Bklyn.)
scrip..........
I
..
Ask
Bonds.
Stocks and
GAS COMPANIES.
J
105
56
105
70
102
50
102
75
160
115
91
100
101
95
p
<
Bklyn.)
donds, 6sfL.l
.
Metropolitan
(Bklyn.)
i
unicipal— Bonds, 7a
....
i
'ooie’a
Bid.
122
97
102
105
100
F ilton Municipal
ml q 6a
I
Equitable
Bonds, 6a.....
60
11 5
no
*0
105
137
105
120
110
Ask.
63
122
114
84
no
140
109
122
LL3
City RR. Quotations by E [. L. Grant, Broker, 145 Broadway.]
41 ckerst.A Fult.F.—stk.
1st mort., 7s, 1900
iJr’dway A 7r u a \ —St’k..
1st mort., 5s, 1904
2d mort., 5s, 1914
B’way surface mis.jniar..
Bonds guar., 5s, 1905
..
■tiouklyn Git v—oiwk.
lat mort., 5s, 1902
iklyn. Cross to v. 1—stock.
1st mort., 7s. 1888
...
103
.....
ISO
106
165
105
■Dishw’k Av. (Bkiii>—st’k 150
150
C ntral Crosstown—stk.
116
1st mort., 6s. 1922
ent. Pk. N.<v t>.. hiv.—Stk
120
*’onsol., 7s. 1902
□hrlat’ph » v lo> h st—stk. 121
E. B. A B.— Scrip, 6s 104
uo
180
107
no
42dAGr’nd -u.. F’ry—Stk 200
112
1st mort., 7s. 893
100
41
42dSt. Marili.
Sr,. N.Ave
100
1st mort., 6s, 1910
107
130
2d mort., income, 6s
60
•
no
oust.W.st.AP P’v—Stk. 155
170
1st mort., 7s, 1894
no
108
106
\lnth Ave
155
Q 'coud Av.—stock
l 0*5
160
1st mort.. 5q 1910
120
101
’oncol., 7s, 1888
81
Si cth Av.—-(. »/-«
175
121 Hj
no
l^t mort., 7s, 1890
200
124
Tier*! Av —si.m-k
105
112 Hj 1
duuds, 7s, 1890
150
!Tw
|
'Oty-tiiir'1 hi:.—stock.. 2 JO
110
107
158
Eighth av —-crock
scrip, 6s, 1914
...
no
7.-, 1893
D. D
30
116
28
111
j
112Hj
Bid.
71
Amer. Tel. A Cable Co—
Ateli. A Pike’s I”k 1st 63
>-()
Allan. A Char. Air Line.
121
1st. 7»
.
At.APac.-lstM.C.D.o t!6s
Host.'11. T.A 'Vest.—Stk.
Brooklyn Fllev’d—stock..
86
80
”
Ut
-or.
HO
215
117
42
108*2:
63
160
112
110
119
107
,f
180
115
210
107
230
114
...
112
.,7s, 1893
1st mort
2<1 mort
41
91
151
135
1*2*0*
7
49
bO
14 Hi
120
li 6
lUo Ha
106
1H)
112
1UU
lOuHi
76 H 78
41
40
23
105
86 Ha 88
109 Ha
120
120
112
110
120*, 121
ii.9
12<> Ha
■
93
12*
'I
105
East & West RR. of Ala.
Edison Electric Bight
Flint A Pere Marquette..
T
Pref
Georgia Pac.—Stock
1st 6a
2da
Kanawha A Ohio......
1st pref
2d pref
lst'ds
Kan. City A Omaha.
1st mortgage, tr. roc
Mex. Nat.Coiisrruet’n Co.
Mich. A • M110—1st, !.
|
Nevvp. N. A Miss. Val. Co
....-V
40
107
82
46
109
84
Bid.
Ask
9
9*2
42
13
10
44
......
.....
9mm
N. Y. City A Noniieru—
2*2
| N. Y. W. Sli. A B.—Stock.
102
I North. Pac.— Div. bauds.. 101
85
Orange Bolt 1st
j
......
......
1
104 V
59
Pfni.
35
210
30
98 V
20
16
108
107
55
52
5
4
19
15
10
7
72
75
Pitts. A M est. RR., 1st M.
Rome A Decatur....
1st mort., 6s
| St. Louis Ft. S. A Wicli..
1 S». Paul E.A Gr. Tr., 1st 6s
j Tol. A. A. A N. Mich
I Tol. A O. Cone
I Pref
Tol. St. L.A Kan City, 1st.
Utah Central.—1st........
V eksb. A Meridian
Pref
1st mort
2d mort
Incomes
West Va. RR.—1st, Ha...
West N. Car.—Con. M
Wisconsin Central.
Pref
1
1st uiort
31
97
99
102
27
"
90
V
101
21
40
Boston Banks.—Following are the totals of the Boston bank> :
1387.
Specie.
Loans.
L. T’nders.
Deposits.*
Circula’11.
9
*
9
9
$
9,703,100
9,362,900
9,i3s,70U
J’*y23 136,706,800
30 136,144,*-00
AUg. b 135,528,700
“
Agg.CPnga
2,407.500 109,602.200
2,548,800 99,084,690
8,833,300
75 546 867
8,801.800
97,971,400
8,840.6 JO
72,156,947
82,110,981
2,4.)9,7U0
Philadelphia Batiks.—The totals have been as follows:
1887.
130
ll:*a
I decdv Motor
1 Mexican National
73
1st mo t
Dnl, S. Sliore A At.— Stk.
luo
127
121
*00
SECURITIES.
Ask.
California Pa«’tflc
Cape Fear A Yad.Val., lat
cii'es. AG., ser. B.< ef. -crip
Chic, nanta Fe A Cal 5s..
Coeu d’Alene.
80
13
170
..
SECURITIES.
129 *«
47
P ientx
Unlisted Securities.—Quotations from both Exchanges:
lo7
1( 6
110*9
6
People’s
165
125
[Quotations by E. S. Bailey, 6Ha Pine St.]
1st mort.,
110
114
123
89
150
P toilie
P trk
2*14
.
148
200
122
133
197
:30
185
155
172
1 60
1 10
138
'rfental....
...
Bond.-, 7s, 1898
liy Dk. E.b. A Bat’v—Stk
lo3
80
109
li5 H
*. Y. Count
V.Y. NT at. Ex
■Tlnth
V. America.
'forth Ftiv’r.
[Gan Quotations by Geo. H. Pkentisr A Co., Brokers, 49 Wall Street.]
Conv., 7a, R. C., 1893...
Deferred incomes, cp...
101 Vs ioi:*4
Phil.Wil.A Balt.—4s.tr.ct
117
118
Pitts. Cin. A St. L.—7s
30
Pitts. Titus. A B.—17s,cp.
ShamokinV. A Potte.—7s 44 83
Sunbury A
135
l'O
Han
116
‘85-89
88
CANAL STOCKS.
do
55 V
19
115
50
West Jersey A Atlantic..
Lehigh Navigation
Schuvlkill Navigation....
06
58
55
*
United N. J. Companies..
West Jersey
7,1906
Perkiomen—1 at, 0a,cp.’87
BALTIMORE.
RAILK’D STOCKa.tPai
Atlanta A Charlotte
Baltimore A Ohio... 100
lat pref....
9S4
2d pref
9
Parkersburg Br
50
21
Central Ohio—Com
50
Preferred
do
BA
-•0 *
112
200
112
170
3*5
145
raving
Leather Mf°’ 210
•lauhattan..
f arket
170
feehanics’
I’cha’A Tra 145
feroantile.. 145
Jercnanta1. !42
4’rch’ta’Ex. 115
I et.ro pol itn
23
14 2
JaHaah
'tew York
210
Insurance Stock
137
Worcester Nasu’aA Koch.
Phila.
Phila.
Phila.
Phila.
A-k.
210
..
122 Hi
131
i
Cons., 6a, coup., 1905...
Cons., 5a, reg., 1919
4 Has, Trust Loan
Pa. A N. Y. C.-7a, 1896.
Sunb. Haz. A
96
_
G diatiu
G <rt1eld
G <rm’n Am..
Germania.
Greenwich
fanover
1 a. A Trad’s'
J3
187
130
.
Duluth Short L.,
Adj.
i 30
Connecticut River
Conn. A Paaaumpsic
Kan.
Bt*.
..
172
..
*113*
’
270
<00
'Jommerce
lontiueutal
lorn Exch.
r<ist River.
11th Ward.
*ifth Ave..
F rat,
F uirth
F llton
Phil.AErie—lat,7a,cp.’88 103 *y 104
Cons., 6a, 3 920
113
107 *4
Cons., 5a, 1920
Phila. Newt. A N.Y7—1st
163 Hi Phil. A R.—1st, 6a, 1910.. 124
115
116 Hj
224
2d, 7a,coup.Areg.,1893
reg., i911 ....
Cons.,
7a,
134*
150
Cons., 7s, coup., 1911.. ll9
165
Cons., 6a, g., I.R.C.1911 108 H.
ioo
48
Imp., 6a, g„ coup., 1897 lU4*< It 5
Gen., 6a, g., coup., 1908
5101*4 1< 4 Ha
Gen., 7a, coup., 1908
70
124
71 Ha
Income, 7a, coup.. 1896
fc3
Cheshire, preferred
178
in.
City
105
106
..
Det Lansing A
Eastern
BANKS.
Ask
America
1st, 5a.
102 Ha'
K. City Kp’d A Mem.—6a, HO
East Penn.—1st, 7s, 18H8
K.C. Clint. & Spring!.—5a ----EastonAAmb’y—5s, 1920 115
113
Little R. A Ft,, s.—7s
21H
El. A Wmsp’t-l st,6s, 1910 116
105
Louisv.Ev.ASt.L.—1st, 6s 104
5s, perpetual
56
2d mort
I
Harrisb’g—1st, 6s, 1883..
Mar. H.& Ont.—1908, 6s, vl00
H.AB.T.—lst,7s,g., 1890 106
ioo*
Cons. 5s, 1895
1925, 6s
69 V 70
Mexican Central—4a
IthacaAAth.—1st, gld.,7a
H4
Bond scrip
Leh.V.—lat,6a,C.AR..,98
141
7s
2d, 7a, reg., 1910
22 Hi
21
132 Ha
Income
Cons. 6h, C.A R., 1923..
97
122
No. Penn.—2d, 7s, 1896.. 120
Coupon notes, 10s.
98
133
Lebentnie, lua
Gen., 7a, 19U3
120
110
!
2-—
N.Mex.A So.Pac.—7s
Debenture 6a, reg
123
N. Y. A N. England—7a..
Norfolk A West.—Gen.,6s
6s
N. R. Div., 1st, 68.1932
§102 H< 103
2da, 6s,
N. Y. Phil.A Nor.—1st, 6a '510434 105 H.
4.0
Ogdenab.A L.Ch.—6s
6a, 1933
§!..... ioT OilInc.,
Consolidated 6s
Creek—1st, 6a, coup.. luo
5 44
Incomes
Pennaylv.—Gen.,6a, reg. 133
Pueblo A Ark. Val.—7a.. 119
Gen.,6a,cp., 1910
Chic.
Chic.
Chic.
Ctnn.
Bid.
RAILROAD BONDS,
BOSTON.
Atah- A Topeka— 1st, 7s.
Coll. Tiuar, 5a
Laud
Ask.
Bid.
SECURITIES.
Lawful
Loans.
30
An".
6
9<',44 3,»>U0
•>
Deposits.*
Circula’n
Agg.Cl’ngs.
$
$
2.934,512
61,8-5,944
‘1
9 *2.1e,l
O
O \
56,0*8.0 6
9
9
July 23..... 90,368.926
“
Mou’y
0
23,615,758
<,r>00
“>
n
> .*
38.110,523
87.9 44,900
-
laoHding the item “duo t.n other banka.”
1)
-
7
•
••
*•
1
*8
THE
CHRONICLE.
Latest
City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending August 6, 1887:
New Vork
Banks.
23,>,*39
Average Amount of
Loans and
Discounts.
$
10.990.000
New York
Manhattan Co
Mer hunts’
Mechanics’
America
Phenix
8.8(>6,<'00
2.1,60.000
1,707.000
7.250.400
1,829,700
8 140,000
$
870.000
32*. 00
803 30-»j
3s 0, 00
30 .100
1.322,000
10,828,200! 1.765.200
3
Broadway
Mercantile
Pacilic
Republic
Chatham
Peoples’
North America
Hanover
Irving
Citizens’
Nassau
Marke*
St. Nich las
Shoe <fc Leather...
Corn Exchange...
Continental
Oriental
Importers’ & Trad.
Park
North River
East River
Fourth National..
Central National..
Second Natio ai..
Ninth National....
First National
Third National
N. Y. Nat. Exeh...
Bowery
N. Y. County
German-A meric’n.
Chase National....
Filth A venue
German Exch’nge.
Germania
United States
Lincoln
Gartield
Fifth National
B’k ol the Metrop.
"West Side.
Seaboard
Sixth National
Western National.
Total
241.' 00
350,• 00
8y8X9 000, 4.809, 00
2,d«l 400
324,500
City
Tradesmen's
Fnlton
Chemical
Merc* a> ts’ Exch.
Gallatin National.
Butchers’ A Dior.
Mechanics’ & Tra.
Greenwich
Leather Manuf’rs.
Seventh Ward
State of N. Y
Amerie’u Exch’ge.
Commerce
650.1 00
09').O00;
other
than U.S.
lenders.
2
$
10,8-o.rOO
11,331.800;
1,329,‘-'00
395.300
18.812.900, 7.004 000|
622.100:
35-4.100
i,on,*oo;
225,500,
4.077,600
68.-. 00
3,179,000;
1,929,900,
61 b.?00
2,204.900
45,0(36
270 090
90.000
1,459,50 t
20,752.700
3.6 >8.600
8?,*>00
522,809
2d2,100
1,104,900:
3.494,800
7 7.C00
134.200
746,7i 0
234,000,
1,933,000
1,(‘8H.' 00
1.355.600
140.300
294.600
1.207 400
2.95 *.60 ■
8 '.v oo;
224§100
533,200
1,3-1.900
44,400
1,864.000
151,10 >
865,600’
3 405 000
1,988,' 00 1-650 ooo; 14.514.i 0
2.174.200 1,0 8.3 »
11,253,000
1, *106,300:
284.COO
5,29 2.4 0
4,932.90 >
1,430,10 >
7,333,9 0
476.2001 7,19 >.400
file, .00
2.574.600
126.700
2.7 3 5,300
420.900
8.015,800 1,843 ( 00
8,*52.100
760.200
4,509. K 0
287.5 00!
4.6b V 00
189.800
2,"7-,900
132.900
2.46'),900
382.800
3,055,0 0
219, 001
3 4 59.200
624 0 Oj
10,354.100 3,128,000'
11,876 900
2 990.000,
521,700;
164>00
3.026 000
67*.200
2,79*,500
163.700
2,968,200
2 787.300
4 11."00
2i5.80.tl
3.1-3 500
737, 00
000
8",60 >
2,0 >6.SO '
219.000
2,069.4 00
OD.hOO
1.921, 09
526.00 >
2 904.000
264.000
3,040, ('00
932 700,
6.671,40()
276.1 0 t
6.13.100
4.574.400
627,700| 557.500 5,00',100
2.254.100
245.500
132,000
2.10'MtO 1
18.445.200 4,06*,100 1,179.'-'00 20 2799 00
17,958,30 » 4,455. 0 » 1,219,900 21,621 400
2 038.200
12 m. 800
135.200
2.173,800
1 OGH.fOO
I (*2,900
255. 00
1,0 )3.*0»)
17.810.200 3,791.4 00
949.6001 18.599,000
8 in. 000
7.8.')3,0U0
893,(00!
7,774 090
8 9.000
3.360,<00
221,000
4.164.000
24 l ,*00
5,032,000 1,300,20
5.52 *,-09
20,197,900 3,720.« 00 1,191.400 19.302 300
4.63>.90d 1,666 900
234,000
4 870 100
1,421,201)
131,800
187.000J
1.211.100
2.363.100
354.800
233.500
2.311.4 00
2.294.500
158.300
495,4 00
2,866.100
2.591.300
385.(00'
83,600
2,268.300
5.68s,200 1,253,000;
329,30 *
6, v 6 3.0 00
3,072,500
937,000'
67,000
3,831.909
2,250.000
134.500;
492,»00
2.850 200
2.432.600
105. 00
38 >,300
2.655.700
3.481,900 1,049,000
7 2,600
3.615.700
2,281.1 Utl
6 75,. 00
130 000
2.896, 00
408 600
1,892,406
mo ! oo
2,090,7 00
1.4 8s,800
297."00
108 80'»
1,621. . 00
3.195.100
16.923 000
17.664,800
'
$
*
45.000
8.76; COO.
8,15),COO
6,633 • 00
9,2* 7.100
2,987,' 00j
52.800
847.400
1.951.500
1,965.030
1.950.100
5,856,000
107,600
23 > 300
393 000
5.0 C00
466 000
292.1 00
1
8.50 >
46.< 00
2.212, 0 •
2.1b(),i 00
3.357.4 00
356,137,500 73,973,6'" 22,754,3001359.221.400
1,030,0 )0
Latest
H eek
or
Earnings Reported.
Ato\
T.
A
S. F
18»6.
!
jp
Allegheny Vnl.Jjune
Atcli
1887.
!
o
105,25*21
$
151,063
Cp.F’rAYad.Val July
Central of <ieo.. June
Central of N. J...
Central Iowa..
-
...
j April
Ijnly
35,097
385.832
E112.Lex.AB .**. June
April
Aug
......
4 tli wk
July
1st wk Aa.
June
4thwkJuly
Cliie.St.P.M.AO. June
Culc. A W. Mich. 1st wk Aug
Cm.. Ham.& D..list.wkJuh
Cin. fml.nt.L. AC.
|4thwk J uly
Cin. Jack. A M ack! 41 h w k J u l y
Cm. N. O. *vf.P. 4thwkJuly,
Ala. Ot. South. 4thwkJulv
N. Orl. Ai N. E. 4 tli wkJuly
Vicksb. A Mer. 4th\vk July
Vicks. rth. A P.|4ih wkJuly
Erlanger Syst. 4thwk July
Cin.Kich. A FtAV. 4t li» k J uly
Cm. W aan.«s BallUlliwkJuly
Ciev.AkronA.Co! 4 hwtijuly
...
Clev.C»d.C.*v lud June
Clev. A Marietta l st wk Aug;
Col. A Cm. Mid. 4th\vkJuly
Col. Hock.V.AT. July
Col. A Rome
May
D • ui>’\ A Norwk May
DfV’-Ft w (<’ • <i wk Julv
..
J Auu inane
.es.
30.491
322,799
67,412
93,744
1st wk
June
Clev. Ai Canton. June
346,754
446,400
*45,606
978,601)
41,b00
81‘.000
360.000
45.000
41,000
45,000
430,60J
2oi",o 6
225,000
IsO.OOO
14t,440
654,049
41,843
202,037
122.007
576,"34
32,305
45,000
44,tt0*>
45,000
134,00*)
42,000
172,00 a
8.031.70
I8a6.
£
944.431
830,518
j
6,017,793
5,37 7,690
142,777!
119.416
2,73 ,934 2,6i 3,513
3'>,14’.
37
I
•-3,1 17
698.402
4,715,503
4,368,098
483.741
825,797
2,626.722
2,289,259
1,241,201
868,039
730,268
193.116
1,444,022! 1,178,790
2,951
-,388
18,239
4
1 6
25
28,s l 9
190,443
841,351
43, 8(5
845.533
10.200
63,318
50,500
65.031
41.542
13.079
38,480
25, 34
47.437
43,990
4,202
39 9 15
1 >,5 9
88,0 5
7,064
2,025
GO. 154
22,019
10 ),350
22.000
33,302
24,225
4,0*2
72,119
571,703!
209.592;
013.241
2,772.9 81
13 4,879
3.631,863
553,281
118,212
684 223
2,222,412
99,710
494.1 *5
437.930
1,434.790! 1,254,914
605.-52!
543,096
358,724!
205,037
525.059
348.386
1,297.535 1.087,932
9,901.95> 9.124,203
2 0.2 22
156,308
1.271.407' 1,101,829
•1.270,550 1.2 :7,885
6,111.-49 5.569.170
9 t.558
70,93 l
443.14 )
488.780
351.164
314.496
805.247
8H0.834
0,970 495 0.460,305
1,427.357 1.3 40.239
23 ).973
217,703
204,001
125,210
1,45 833 1,298.973
1,091,355
768,4 44
133.419
118.853
40 2,410
389,723
5,123
103. >00
2,090'
57.202 1,077,043
16,4*2 L
1 12.557
97,721 1,855,363
162,397
897.788
117,791
1,711.887
445,650
7,865,182
..
..
..
.
163.099
Chic.VVis.AM
10 4,790
28,321
25.701
8-5,600
80,383
..
307,700
280.598
118, 00
49.240
28,219
2,274,8-54
47,900
9,500
6,200
20,03 •
271 ,v>G5
17,191
12 i ,700
50,30
»
32. 00
876.0*0
2,175,897
429.121
810,406
420.053
2
0
43.0-8
33 4.848
370,901
283.211
9,Ooo
59.100
53,200
15.930
3,400
1
0.5
28,400
14,424
101,736
•
123,09
>
118,004
0,317,213;
477,8 >8
430.142
Texas
ra* iu«- .July.
398,13 7
420,12
2,99 4,97.5 2,956,151
Tol. A.A.AN.M’h l't wk Aug
1",587
8,492
279.955
191,510
Tol. AOhio Cent.11st wk Ana
21.338
5 9.178
18,221 j
440,128
1 ol
P. A West. J ItlnvkJ uly
20.5 I 3
19.400
497 9 >5'
407,238
Union Pacilic.
June
2,500,8 28 j 2,2 4,45 1 13,02 >,892 11, '31,057
Valiev of « Olio. I inly
53,50 7
301.L84
51,102!
32 ,088
Wal). Western ..' ItuwkJuly
208,020j l'>7,598 3,5 i 2,*06 3,021,310
Walt. E. of Miss. June
558,85t> j 530,32
3,050,731 3,010,298
000.51
mine
1 West J* r.-cy..
130,708! 11 5,380
545,639
Wil. Col. A Aug May
47,0041
45, >2‘2i
3->4,807
293,792
41 8,"73
11,484
Wheeling A L. E. I st wk Aug
13,784;
332,826
W*s ow-un Cei't’i1 iilivv, July
09,((89:
47,92
1,149,91"
848,722
160,900
1,8 19.228
200,481
19.501
75,040
3 47,
July
StatenIs.Rap.Ti July
297,992
5.0*9
8,' 07
174, 88
45.581
0,539
49.450
*
4,3r>0.o97
......
1,16.(,744i 1,061.030
174,014!'
357.853
3.093
209.087
109,749
5,721
22.067
56.002
15,904
1886
541.4 »7
18,029
298,905
27 t,*75 9,0 7.376
Lou.N.Al.ACliic. lftvvkAug1
44.070
37,578 1,265,731
1*95.645
Louis v.N.O. AT. July
1 109,722
10 >,454 1,03'9,510
830.930
Manhattan El... Juno
674,524
644,530, 4,0-55.727 3,723,065
Mar. Col. A No. July...
7,210
2.511
29,005
Mar.Hough. A 0.11st wk Air:
33,572
31,510
57 »,2,56
546 312
Memphis AChas. Utli wk J ul v
38,073
24,264
88 4.909
690,469
*
Mexican < -ent’i. 1 at wk Aug
94,000
61,05 2 2.78 4,693 2,181.456
*Mex.N. (N.Div)l,Tune
38.7-0
45,‘2 88
250,384
282,976
do
(So.Div) 3d wk July
17,097
19.170
do
all lines June
...'
130.-3139,252
805.i"o
8*id" 8 42
Mil.L.Sh.A West. 1st wk Aug
74,040
5 "*,696
1.83 4,’33 1,246,909
Milwaukee A No 1st wk Aug
18,05.3
11,56'>
529.035
356,077
Mmneap.ASt. L. M >y
118,677
121,361
615.511
508,982
M1 nu. ANo. West 1 tli wk J
37,382
uly
14,877
613.204
223,013
Miss. ATenn.
June
24.609
22.94 •
210,172
180.391
M ibile A Ohio.
170,-91
July
155,027 1,289,807 1,125.953
Nash.Ch. ASt.L. July
258.877
215,25
1.713,157 1,296 058
N.Y.Cen.AH.R.
Julv
2.779.19* 2,077,026 19,504,923 17.590.238
N. Y. City A No
Wk July 30
11.792
11,012
319,522
299.582
cN.Y. L. E A W
rune
1,733,470 1,530.8 >8 9,512,13* 8.52 <,783
N. Y.Prtnn. A O. June
4*9,857
515,731
2,844.361
2.*43,038
N.Y.ANcwE ig June
333,152
314.316 1,95->,897 1,790,823
N Y.Ont. A W
1st wk Aug
37.0 u5
33.741
850.080
766.402
N. Y. Sus. A W.. June
106,2*3
84.057
616,699
503.787
N " folk A West 1st wk Aug
83,43
60, 9 < 2,265,525 1,747,538
37.313
N’tlieastin(S.C.) May.
36,761
2 4" ,872
256,099
Northern Cent’l. June
554.40 t
432.537 3.081.593 2.5*2,401
Northern Paeifb 1st wk Aug
282,208
24 2.490 0.901,770! 6.329.773
Ohio A Miss
103.003
1st wk Aug
87.*44 2,304,-24! 2,153,995
Ohio Southern
41,908
July
34,90(
311,400!
261.487
Oregon Imp. Co. June
338,008
271.782 1.80i,4O2j 1,2 9,521
Oreg. K.«fe tf. Co inly........
405, .vdO
421.881
2,686,209: 2,-53,194
Pennsylvania... June
4,9 11.858 4,330,1* 1 26,370.724 23,250,164
Peoria Dec. AEv L-t wk Aug
j 7,003
22,234
195,894!
432.944
29 8
June
Petersburg
27,83'1 *3,206'
19 <,176
Pmla. A Erie
i.Juue
3 '7,583
332.3-2 1,86 4,401; 1,667,710
•Phil 1. A R*ad’gjJuue
l ,775,912 1,6-4,957 10,1:‘>4,198
8,720,345
Coal A Iron Co!June
1,60
1,311,840 7,046,0 40 6,433.0 59
Pitts. A West’rui.Iuly
171,190
145,o l
1,070,58 V
H23,l 92
I ‘vi Royal v Aug [May
22,755
17.339
152, iGO!
141.854
P’rtPw y-lAW.C.iMay
12,88<
13, >83
R'cli. Ter. Co — I
...
217.100
2.039.420
,448
17.497
92 800
82.2)7
85.74 '
22.43*2
19.020
June
.<d wk July
3d wk July
3 1 wkJuly
Juno
41 h wk.Tulv
.
1,819,818
393,476
335,741
4, Os
10,831
->
33
1 41,8 40
D ite.
Rome W. A (): June
232,101 1,382.805 1,240.854
St. Jo AGd. Isl jitliwkTulyj
16.338
*1,110
004.7'>8
627.056
St.L AltonAT.il ItliwkJuly
35.079
1-8,178
7-51,415
673,180
Branches.
4 tli wk July
22.010
49 ,935
25,358
395,475
St. L. Ark.ATex. 1st wk Aug
53.748
32.808 1,252.24 J
912,584
St.L.»s,*Sau.Fran.: 1st wk Aug: 120, *00
86,595 3,3 15 5 41 2.538.326
St. Paul A Duluth 1st. wk Aug
38,414
34,707
867,929
750,394
St.P.Min.-v Man. M uly
571.52 . 4,075,453 3,519,044
621,344
;
Sciot«> Valley... May
58.733
2 0.521
46.731
i
248.690
ShenandoahVal. .Tilly
73,000
;
66,0 0
408,523
367,614
S(»uth Carolina..: June
61,618
62,419
532,154
521,010
So. Pacitic Co.—;
Gal.Har.AS.A.‘.Tune
215,713
201.966 1,558.983 1,233.339
Lo'iis’a West. Juno
65,718
48,71"
381.876
300.465
Morgan’s f.AT June
295,0.3
262,566 1,942.019 1,968,824
N. Y.T. AMex, June
11,774
12,43
82,510
64.931
i'ex. <v N. O. i. Juno
99,105
80,0*1
579,124
450.949
Atlan’c syst’m June
60 ..700 4,544,519 4.022.258
687,333
Pacilic system June
2,199,928 1,985,909 L ,77- .090 10.7 6.103
Total
2,887,200 2,591,7-9
;June
14,758.366
3,023,294
716,535
314,655
172,503!
.
18,542
$
*
123 055
Ricli.APetcrsbg. .Tune
41,250 1,100.929!
9 >4,272
420,035 13,403,472 13,095,237
2,100,218 2,118,418 11,799,837 10,779,599
107,357
142,0321 3,154,901| 2,568,2 8
550,001
490,271 2,995,231! 2,6 -0,897
25,770
25,950!
79 4,244
800.968!
70,121
05,565 1,597.308 1,309,172
00.873
67,231 j l,i87,256| 1,410,199
1 1.198
14,148
2 7,854
232,877
100.434 1,838.135 1,541,247
94,432
8
0.920:
32,507
027,538
43,270;
17,031
361,136!
337.169
19,306j
12,71 8i
12, 03
274,7-3
269,815
13,289
14,409
271,388'
227,702
1-3,005
176,6*4 3,576.303 3,00 (,472
] 1,649
2 2 1,787'
12,210
204,375
16,390
Ot
1887.
909,1 3
65.255
..
40,039
424,000
5J,7t)9
123.178
0,383
20,5 0
1880.
124.018
Ri ihir. A DaivJiPy...
Va.Midl’d Div |July...
Char.Col. A A11.! J u 1 y...
Col. A Gr. Di v.. J > 1 v\
West.No.C.Div July.
Wash.O. A W.. J11 y...
Ashv. A Spar.. July.:
2,140,833 2,148,532 13,276,107:11,523,359
15,7. • 8;
$
162.000
97,500
50.383
19.037
to L 1test
.
*45*.OOO
1,270,285
59,258:
1887.
Jan. 1
965.369
57,611
Is1 yvk Aug
4thwk July
Julv
1st wk Aug
4'liwk July
Loug Island.
18o7.
227,820
2,060,111
f»d Dec. A Spr
45,0('0
1 Jan. 1 to Latest Date.
3,405,411
Ches.O. & S. W. Jirnc
June
391,705
99,319
99,956
991,140 1,021,785
Central Pacific
.(May
Charlcst’n «v Sav May.
Cliesap. Ac Ohio. June
Chic. A Alton...
Chic. A Atlantic
Chic. Burl. A No.
Chic. Bur. A
fc Q..
Chic & East
it. ill.
Chic. Mil. ASt.P.
Chic. A N’tliw’n.
Chie.ST.L.A Pitts
219,000
14,542
July
July
45,000
40.7U0
428,ouU
July
July
4th wk July
45,000
.
238,000
19,. .09
Aug
Julv
42*200
Atlanta A Char..'May.
Atlantic A Hue ilst'wk Aug
Bair. & Potomac June-.
Bu£Ln.Y.<& Phil..! 1st wk Aug
Ball. Koeh.<tePitti 1st wk Aug
Canadian PaciiU 1st wk Aug
Dub.ASioux C
854,900
July....... 1,528,823; 1,303,110 10,62 ,458 8.244.47s
81,000
72,095 J
478.910
511,010
1
30.5 1 •)
1,011,.>71
122,7;»7
109,471 i
701,390
033,470
01. 0 )
50,700 | 1,570,942 1,503,010
: 9,093
29.781
1,153,313,
771,277
Bur.Ced.K.A No. 3d wkJuly
44.207
40,0o0
1,509,101 1,405,380
Cairo V. A Chic 1st wk Aug
4
19,2 29
14,838
i*,22 1
365,906
Cal. Southern
1st v k Aug
19,001
13,351
853,02 t
378,297
tCaiuden & Atrc'Junc
01.123
53,341
243,208
214,529
.
1st wk
July
Julv
I) ut.Lans’gA No. 1 st wk Aug
E. reuu.Va.AGa. 4tliwk..ulv
Evans. Alnd’plis 1st wk Aug
Evansv. A T. H. l st wk Aug
F'int A P. Maro.
4th\vK.hily
Fla.R. A Vav.Co. 4thwk.Tu!y
Ft. W. A Den.City
dthvvkJuly
Georgia Pacitic.. June
Gr. Rap. A Ind.. Jiliwk Julv
Grand Trunk
Wk.Iu y 30
Gn.Bay W.ASt.P June
Gulf Col. AS. Fe. J"1V
dtliwkj al v
Julv
45.otto
RAILROAD EARNINGS.
Hoads.
Wcc7cor Mo
*"‘3*609
4.41 1.200
2 203.700
4e6,N00
Earnings Reported
Det.BayC.A Alp.
Circula¬
tion.
0,100
68,4* 0
379,-00
5.123.700
Roads.
IVnv. A R. G. W
Net Deposits
Legal
Specie.
209
4th\vkJuly
22.338
5,3*0
Min. St.C.LV, vv.uthwk.luly
1.1.155
30.Z97
13,4 b)
11.085
Ww. ,V
Minn
Utnwklulv
13 40,-10
2.1.92
507.703
iu>'l iiliu; hr.iuciics.
' Mc'icau currency.
alucLidiug s>nce Felt. 1st in both year - tin- Ind. Peru A Chic.
1 Not including Central of New Jersey in • ither year,
.♦
I
c
Not including earnings of New York Pennsylvania A Ohio.
133,1*2*7
103.907
THE
210
CHRONICLE
Operation of lines in Texas and Louisiana
gmuestraewt
Interest on bonded debt paid and accrued
Interest on notes and accounts
Betterments and additions
Central Pacific Railroad Sinking Finds
Central Pae. RR. sinking fund in U. S. Treasury
Net Drofit of On. Pac. lines for the year ending
Dec. 31,1886
AND
Railroad %utjdl%Qmcz.
Deficit
The Investors' Supplement contains a complete exhibit of
the Funded Debt of States and Cities and of the SCocks and
Bonds of Railroads and other Companies. It is published
the last Saturday of every other month—viz., January,
on
March, May, July, September and November, and is
fur¬
nished without extra charge to all regular subscribers of the
Extra copies are sold to subscribers of the
Chronicle.
Chronicle at 50 cents each, and to others at $1 per copy.
ANNUAL
REPORTS.
Southern Pacific
[Vol. XLV.
$27,910
8,754,810
530,191
560,856
778,500
418,271
1,324,998 $12,195,568
$642,136
*.....
;
Against this net deficit for the year the balance sheet has
“ Due from lessor properties under lease of March
1, 1885, being deficit from operations for the year 1886, payable
from subsequent operations of same properties, $743,525;
due from other Rased lines on operations for the year 1886,
$79,234 ; total, $822,759; leaving asurplus^balance of $180,622.
the items:
The balance sheet shows the stocks and bonds of the
controlled lines owned by this company not essentially differ¬
ent from
those given in the
Investors’ Supplement.
There is in assets the item of $2,147,034 due from the Central
Pacific Railroad
Company.
Company.
GENERAL INVESTMENT NEWS.
(For the year ending Dec. 31, 1886.^
Railroad Net Earnings.—The following table shows the
The annual report for 1886 of this important company,
which leases the Huntington lines west of the Mississippi latest reports of net earnings not heretofore published.
-Jan. 1 to June30.-June.River, has just been issued. At this late date it is given in the
1887.
1886.
1887.
1886.
Chronicle as a matter of record. The mileage operated in
$
Name of Road.
$
$
•$
188G embraced 3,148 miles in California and west of El Pa30, Allegheny Valley
836,518
944,431
Gross. 165,252 151,663
Net...
294,848
53,098
340,32 4
57,"20
Texas, and 1,697 miles east of El Paso called the “Atlantic
System,” making a grand total of 4,846 miles of railroad,
besides the steamboat lines in California and steamship lines
from New York and New Orleans.
Mr. Leland Stanford, the President, remarks in his report:
“The conditions of all the leases with the Central Pacific
contemplated such changes as might from time to time be
necessary to place the interests of each on an equal footing.
They were thus subject to re-adjustment as to rental, so that
no company should be benefitted at the exp?nse of another.
The operation of all lines by the same company is practically
a general pooling arrangement whereby each road receives the
advantages of the operation of the whole system, and at the
same time retains any special advantages incident to its par¬
ticular situation.” * * * “ The leases of the following lines
which were theretofore leased to the Central Pacific Railroad
were on November 1st, 1886, leased direct by this company,
namely : Amador Branch Railroad, Berkeley Branch Railroad,
California Pacific Railroad, Northern Railway, San Pablo &
Tulare Railroad.
obligations under the former leases of these roads, on
the part of the Central Pacific Railroad Company as lessee,
were
on the date named assumed by the Southern Pacific
Company, and the Central Pacific Railroad Company thereby
relieved therefrom, except the obligation as to the guaranty
of bonds and interest of the California Pacific Railroad Com¬
pany, the Northern Railway Company and the San Pablo &
Tulare Railroad Company, which had been made by the Cen¬
tral Pacific, and which that company could not therefore be
legally relieved from. As to these, however, the Southern
Pacific Company has agreed to indemnify and hold harmless
the Central Pacific Railroad Company against any liability
arising out of such guaranty.” * * *
The trans-continental rate-war,which commenced on Feb¬
ruary 18, 1886, continued till after the close of the year.
During this period the trans-continental rates were unreason¬
ably low, and doubtless in some cases below the cost of car¬
riage. As the liras of the company form—with an unim¬
portant exception—the western portion of all trans-continental
routes terminating in California, as well as the whole of the
Sunset Route between the Atlantic and Pacific, the income of
the Company has been affect* d 10 a very large extent by this
struggle for trans-continental traffic. The enormous increase
of traffic which w*e have carried at war rates has been accom¬
panied by a large increase of expenses ; so that the net results
tor the year are less than for 1885. Since the Inter-State Com¬
merce lawT took ( fleet,
A pril 5, 1887, the trans-continental
lines have made an agreement whereby rates have been prac¬
tically restored.”
The report refers to the arrangements made for the finish¬
ing of the Central Pacific line to Oregon (already approach¬
ing completion) which have heretofore been noticed in the
“
All
“
Chronicle.
The
following statement show’s the income and expenditures
the year ending Dec. 31, 1886 :
of the company for
Total,
4.816 53 MilcS
Pacific System,
3,148 OS Miles
of Hoad.
Gross earnings
Operating expenses
arnings
over oper.
$23,2'1.264
12.020,84 6
Balance surplus
Surplus
ss
of Railroad;
also Stcam-
TAnes.
$31,797,882
$2,092,910
54,900
$13,283,226
$11,690,206
1,621,034
$2 147,710
$.3,^-43,917
1,867,165
716,-29
246.130
172.393
$9,358,913
$1,729,4.8 *5
505,791
560,691
898.622
$11,OSS,129
above
Add interest and other inceiue
465,301
Total income of the year
Out of which is payal
1,697-55 'Miles
of Road.
$ v.586,6 17
18,514,655
Rentals received
Total surplus
Rentals paid
Taxes
.1 flan lie System,
6,493,806
ex..$13,100,415
le
:
217,446
26,819
17,984
7,490
♦Chesapeake & Ohio..Gross.
335,832
Net.
Chic. Burl. & No
.
Gross.
213,124
41.494
14,72 1
5,063
322,799
71,774
110,649
202,637
Net...
56,255
Denv. & Bio. Grande.Gross.
Net...
Louis. N. O. & Tex ...Gross.
Net...
Ohio & Mississippi...Gross.
Net...
677,241
297,760
111,822
10,047
555,386
202,278
101,679
297,92 4
98,832
308,119
83,462
Gross.
338,008
271,782
OregonR’y&Nav. Co.Gross.
444,731
Oregon Imp. Co
RomeW.
&Ogd
Southern Pacific—
G. II. & San Ant
Net..-.
95,019
Net
214 ~'72
Gross.
271,90>
Net..
117,491
Gross.
Net...
Louisiana Western.Gross.
Net...
Morgan’s La. & Tex.Gross.
15,780
86,120
81,735
240,014
232,101
89,618
4
215,713
201.966
34,785 def.2,909
48,710
65.718
21,333
31,259
295,023 262,566
10,556
60,655
12,438
11,774
Net
N. Y. Tex. & Mex...Gross.
Net... def. 674
Texas & N. O
Gross.
9 >,105
Net...
44,753
Tot. All. Svstem....Gross.
687,333
Net...
170.778
Tot. Pacific System.Gross.2,199,928
Net.
1,0.82,759
Total all lines
Gross.2,887,260
1,372,471
319,702
1,265,933
288,732
104,874
52,404
123,468
57,460
2,060,111
597,803
1,270,285
331,575
3,555,537
l,398,3u6
920,794
229,866
1,891,324
611,862
1,804.402
429,524
2,280,909
1,319,818
503,719
2,879,942
.
946,778
731,477
132,373
1,730.729
423.957
1,239,521
219,299
2,331.313
895.80 k
927,790
1,382,86 5
537,231
1,246,854
1,558,983
209,640
1,233,339
381,876
462,752
8 3,650
30 >,465
1 68,811
144,013
1,94 J 019
1,9 58,824
442.316
301,293
82,516
61,931
2,362 def.l0,665
579,124
450.949
352
80,(i8i
34,571
605,760
249,579
4,541,519
182,137
4,022,258
63,902
922,686
845,712
1,93^,969 11,772,696 10,736,108
1,024,540 5,172,007 5,31(5,342
2,591,729 16,317,213 14,758,366
Net...1,253,536 1,088,442 6,094,693 6,162,054
Earnings given under this head last week were for Chcs. O. & So. W.
California Southern.—Trt asurer Goodwfin gives notice that
interest at the rate of 3 per cent for half-year ending June 30
wfill be paid from net earnings of company to holders of
income bonds of record Sept. 1.
Central of Georgia.—The Boston News Bureau reports that
Georgia Central syndicate has formed a corporation
called “The Georgia Central Co.” in whose treasury the syndi¬
the
deposits its 40,000 shares of Georgia Central, and $400,000
as basis of capitalization.
Upon this the new company
issues $4,000,000 5 per cent trust bonds and $12,000,000 of
new’ stock.
Bouds have all been taken by a foreign syndi¬
cate
cash
cate at 95.
Chicago Milwaukee & St. Paul.—The gross and net earn¬
ings for the half-year to June 30, in 1886 and 1887, were as
below
:
18?0.
1887.
Gross earnings
Operating expenses
Net earnings
Increase.
...$11,193,471
7,530,541
$10,637,876
7,137,166
$555,595
393,375
$3,662,930
$3,500,710
$162,220
”
Cincinnati Hamilton &
Dayton.—There has been nothing
very definite published yet as to the affairs of this company.
It is stated that the preferred stock issued amounts to $3,750,-
000, of which $1,800,000 was deposited as security
with Mr.
Garrett.
INCOME ACCOUNT.
Hems.
Burl. Cedar R. & No..Gross.
Net...
Cano Fear & Y. V
Gross.
Net...
Messrs, Ives and Stayner
resigned
as
officers of the
com¬
and Messrs. A- S. Winslow was chosen President and
Christopher Meyer Vice-President. Mr. Julius Dexter wa;
elected a director and Messrs. Meyer, Waite and Dexter were
pany
appointed
a new
committee of investigation.
p-st-due coupons of the Cincin¬
Railroad Company, Dayton Sc
Michigan Railroad Co., Cincinnati Richmond & Chicago Rail¬
road Co. and [Cincinnati Hamilton & Indianapolis Railroad
Company,.and all checks for dividends on ihe common stcck
and series A and B of the preferred stock of this company,
wfill be paid upon presentation at the office of Messrs. Winslo w,
Lanier & Co.t Equitable Building, New York.
Henry S. Ives & Co., surrendered $5,259,400 of the new”
issue of $10,000,000 preferred stock.
Chicago Burlington & Quincy—Chicago Burlington &
Northern.—The Boston Herald says: “Negotiations between
Notice is published that all
nati Hamilton & Dayton
THE
13, 1887,]
August
CHRONICLE.
receive one-third of the entire gross earnings, fc) After the
losses of the Erie Company, if any, in working this road have
been liquidated, and §100,000 accumulated and maintained in
committees of these roads were brought to a satisfactory
conclusion yesterday [Thursday], but the conclusion is not
what the pubhc has been looking for.
It rather expects
an announcement of consolidation.
The conulu-ion is to
adopt
and
their hands as a guarantee
further profit shown by the
fund against any future loss, all
Erie accounts shall be divided
equally between the two companies, provided that the share
ot this company
shall rot exceed §100,000 in any one year (or,
on certain conditions,
§150.000), which extra profits, however,
are to be spent in
improvements on this road.
The Erie Company under the lease guaranteed to carryover
this ro id at least 50 per c *nt of all its eastbound-through
traffic and 05 per cent of all its westbound
through traffic,
or to make
up and allow for the deficiency.
(Ic has not con¬
trol of the route of a considerable part of its
through traffic.)
By the new arrangement t ese minimum percentages are
increased to 55 and 70 per cent respectively.
It is further
agreed that, instead of §70,000 per month a5! fixed by the
system of arbitration on all questions cf rdes
business.
During the last four or live months the
a
Chicago Burlington & Quincy has directed the conduct of
traffic matters, and rates for the Burlington & Northern road
have teen made with reference to the general interest of the
Chicago Burlington & Qaincy' system.
This course the
Northern
road
has
claimed,
with
apparent justice,
has led to a large I033
of the best paying traffic,
more
especiall}' since the advance in
rates
when
the Inter-Sia'e law went into effect. The Burlington & North¬
ern road is so favorably' situated as to grades, &c., that it can
haul business cheaper than its competitors, and thrive best on
medium
a
or
reasonably low tariff.
It will
now
utilize
sonw
and 200 boxcars built. The question of the purchase of the
Burlington & Northern road by the C. B. & Q. was brought
up in the negotiations, but no satisfactory' terms could be
made.
It is understood that Burlington & Northern people
put a higher value upon the property'than C. B. &. Q. is
disposed to pay', and that the matter will rest there for the
present, Builington & Northern being given a chance to prove
the justice of its asking price.”
Denver Memphis & Atlantic.—The Missouri Pacific issu°s
a circular announc ing its control and future
operation of the
Denver Memphis & Atlantic, now completed from Chetopa
to
Larned, Kan.,
a
distance of 292 miles.
Trains will make
close connections with the Missouri Pacific
proper.
through
The line
fine agricultural country'.
East & West Railroad of Alabama.—This company has
completed the connection with the Georgia Pacific road,
giving it an entrance into Birmingham and the Georgia Pacific
runs
a
direct connection with valuable coal lands.
211
\
piior Jien interest.
Claims of t e Erie against the New York Pennsylvania &
Ohio have been definitely settled by the latter comp my agree¬
ing to pay §125,000 in full discharge of all demands, of which
§06,000 have actually been paid. The trustees’ circular adds :
It is fully exp- ct* d that this arrangement (by which a com¬
plete settlement has been made of all open questions, pecuniary
and otherwise, with the Erie Company, and the relations of
the two companies under the lease put on a satisfactory basis)
“
will lead taa substantial increase of traffic and net revenue.
This is cert1.inly the view of the leading representatives of
both companies.
The relations between the Chicago &
Atlantic and the Erie and New York Pennsylvania & Ohio com¬
panies
satisfactory footing, and the first-named
byr the aid of the Erie, is largely increasing its
are now on a
company.
business.”
New York Stock Exchange—New Securities.—The Com¬
mittee on Stock List of the New York Stock Exchange
added to the list §1,270,000 additional that morigage
have
5 per
cent 40-year gold bonds of the Minneapolis Sault Ste Marie &
Atlantic, making the total amount listed to elate §4,000,000.
Newport News & Mississippi Talley.—The statement of Also §390,000 additional first mortgage bond certificates of
the Chesapeake & Ohio Division for six months ending June the St. Louis Arkansas & Texas
Railway, making the total
30 is as below :
amount to date §1,194,000.
1880.
18S7.
N. Y. Susquehanna & Western.—Kiernan's says that suit
Gross earuingH
$1,319,818
$2,000,112
Operating expenses
1,310,0.-8
1,40-',309 has been brought against tbe N. Y. S. & W. RR. Co. for interest
on its defaulted debenture bonds that have not been deposited
Surplus
$503,719
$597,802 under the
refunding plan, by Messrs. Abbett & Fuller, on
Fixed charges prior to sc ies B and currency bonds
$192,030
Interest and principal paid on equipment trust obligations
143,700 behalf of a Mr. Ward, of New Jersey', and Mr. Lyon, of this
Taxes
4 5,uOO
city.
Betterments
115,000
Northern Pacific.—The monthly statement of this company
$496,330 for June completes its fiscal year, and a summary of the
Surplus over charges other than interest on series B and cur¬
y'ear’s operations will be found on another page of the Chron¬
rency bonds.
$101,405
a
Florida Central & Western.—This railroad is advertised
for sale in foreclosure on the 7th day' of November, 18S7.
icle
New' York Central & Hudson River.—The statement issued
by the company' for the quarter, and for the nine months, ended
June 30 is as below :
Quarter ended June 30.
1SS7.
Gross earnings
Operating expenses
..
First char;
Profit
Div. pd.,U p. c.
...
..
•
1830.
1887.
1880.
$8,030.374
5,357,910
$7,570,411 $25,740,981 $21,789,214
4,841,131
16,325.555 13,732,701
$3.2 78. 464
$2,729,280
1,926,000
$9,421,426
5,871,600
$3,0)6,513
$803,250
$3,5-19.320
891.233
2,082,849
$2,737,513
2,082,349
1,9 o
i
,
200
$1,3 -1, 264
)
8 94, “283
..
9 Months ended June 3u.
$1 26 ,981
def.$31,003
$866,977
Bills payable,
Interest due and accrued
Dividend unpaid
Due for wages, Ac
Due companies and individuals
Erie coal companies
Due account truffle
Rentals
Sundries
Total gross
Cash offsets—
Bills receivable
Due by agents
Due account of truilp*
Due by companies and individuals
Gash on hand
'Net
*
$034,0 ;0
1,017,210
7,033
$54,664
June 30,1886.
1,898,939
455,096
510,105
207,637
17,082
774,608
581,536
87 0,961
598,209
23,386
$104,r 07
$4,664,393
513,724
$170,825
1,166,340
1,013.33-1
1,366,8 8
424,0/9
Total*
$3,876,154
$1,180,410
floating debt
$1,699,910
$18 3,983
954,275
1,016,702
1,286,546
Other assets in the general balance sheet June 30, 1887 are the
advances to Chicago A Atianlic, $1,844,970; to the Erie Coal Co,
$2,031,7 38; to other companies, $861,495, aud sundries, $150,203.
The supplies on hand were valued at $1,196,527.
N. Y. Pennsylvania & Ohio—N. Y. Lake Erie & Western.—
The modified lease of the N. Y. Pennsylvania & Ohio to the
Erie Company took effect from April 1, 1887, though not
ratified till July 20.
The London voting trustees in a circular
state briefly the changes in the lease as follows: (a) The per¬
centage receivable by this company on its gross earnings up
to §6,000,000 is to remain 32 per cent,
fbj Such percentage
on entire gross earnings is to be increased by one-tenth of
1 per cent on every §100,000 of gross earnings exceeding
§6,000,000, until §7,250,000 is reached, when this
are as
follows
company
is to
The land statement for the
:
Divisions.
Minn. A Dak
Mo. A I\ d’O
Olliers
-L'eeripis ttiis year.Cush.
Stock
$101,. 03
$272,111
$U *,421
124,925
158,851
372,850
379.711
468,324
334,036
SALES, AC
acres
Amount
safes.
Aeres.
26,573
$815,251
$9bO,596
1, 18‘ 6.
310,355
IV-tal..
310,355
$21,000
1,019,534
7,638
l,5r’6,47S
$5,576,064
in the editorial columns.
ending Jane 30, lb87, and the stock and debt outstanding
5,319,050
New York Lake Eri & Western*-—In tlie balance sheet of
this company', submitte 1 as of June 30, 1887, to the New York
State Railroad Commissioners, the floating debt stood as fol¬
lows in comparison with June 30, 1886 :
June 30, 1887.
year
,
$272,111
SINCE JULY
$960,536
1,164,291
for
Total sales, including town lots, timber,
Total receipts in casli
Total receipts in stock
Ac
815.251
2/2,111
DEFEKKEI) l’AYMENTS, ACCOUNT LAND SALES.
Applicable to letiiemeut of pieTcried stock.
$1,138,119
Applicable to retirement of Mo. A 1’. d’O. I)iv. bonds
1,570,616
Applicable to retirement of geueial lirst mortgage bonds... 1.178,931
$3,887,666
$38,058,310
Total
Preferred stock outstanding
Canceled this year
Balance
June 30, ’c(>.
2/2,111
$37,786,199
outstanding June 30,1887
FUNDED DE1JT.
$4,f>40.821L
5,191,509
Dividend certificates
Mo. A P. d’O. Div. mortgage bonds
General first mortgage bonds
General second mortgage bonds
20,000,0*9
$76,710,321
Total interest-beaiing funded debt
Bonds purchased for sinking funds
$502,509
Oregon Improvement Co.—The gross and net
June and from Dec. 1 to June 30 were as below:
Ju?i e.
/
/—Dec. 1 to June 30.—>
v
1886-7.
1886.
1887.
earnings for
1885-6.
earnings
$338,oog
Operating expenses.... 242.987
$271,782
185,662
$2,544,988
$1,877,583
1,711.242
1,346,392
$95,021
$86,120
$330,746
$)31,191
Gross
Net earnings
Oregon Railway & Navigation.—The following is a state¬
the gross and net earnings of this road for June and
ment of
for the fiscal year :
/
1887.
Gross earnings
June.
1886.
$144,731
Operating expenses.... 230,159
Net earnings
$214,572
»
$481,735
241,721
$240,014
.—rut)/ 1 to June 30.—»
18s7.‘
1886.
$5,295,218 $5,546,541
2,9a 2,05 7
2,965,610
$2,329,638
$2J.6i,484
Philadelphia & Reading.—The time allowed for the de¬
posit of securities under the Reading reorganization plan
expired on the 1st of May; the trustees have since permitted a.
large number of bondholders and stockholders to come in on
special terms. In the last three months nearly §2,000,000 of
THE
212
bonds and stock have been
trustees.
CHRONICLE
presented and admitted by the
[Vol XLV.
gjjkporta ami JJocumenls.
The
following statement shows the total issue, amount
deposited and amount out standing of the various issues up to
the close of business
on
August 5
ABSTRACTS OF RAILROAD MORTGAGES.
:
The
publication of the provisions of some of the leading
of the Chicago Milwaukee & St. Paul Railway is
mortgages
Do.
Inc. and conv.
9,711,945
150,055 completed to-day, and we commence the publication of simi¬
First 5s
3.241.500
4,474,000
Second
s
22,0 0 lar abstracts of new* and important mortgages of other roads.
6.702.500
Feb. G. scrip
492,385
38,564 In the
present number we give the Fargo & Southern mort¬
Convert. 7s
81,600
5,41 7,'100
Debenture RR
652.200
22,500
629,700
gage of October 10, 1883; the Terminal mortgage of July 1,
Do.
C. <fc I. Co
7,000
1,1 l <*,» 00
1,103,000
1884; the Dakota & Great Southern mortgage of January 1,
Preferred stock
500
638.850
638,350
Common stock
39,474,911
3?,92t$,2oO
546,711 1886 ; the Chicago & Missouri River Division
mortgage ol
Deterred inc. bonds
2* ,236,900
225,li 0
?0,0; 1,800
July 1, 1886, all of them St. Paul mortgages. We publish also
Totals
$117,133,815
$111,300,780 '$5,824,035 an abstract of the
mortgage of the Omaha & St. Louis
The Philadelphia Inquirer says of this : “ Of the outstand"
Railway (formerly Omaha Division of the St. Louis Kansas
ing general morigage 6s, $100,000 are owned by Edwin ParCity & Northern), dated June 1, 1887.
sons, $5,000 by W. AJ. Robinson, complainant in the fore¬
closure suit, and the b dance by persons scattered all over.
CHICAGO MILWAUKEE & ST. PAUL.
Some of the incomes are held by persons who expect to get
par and interest for them when the company is reorganized. FIRST MORTGAGE ON THE FARGO & SOUTHERN RAIL¬
Nearly all the firt-t 5s aie held with the same object. Outside
WAY, TO SECURE BONDS DUE JANUARY 1, 1924.
of these issues, however, the security holders of the com¬
Bate.—October 10, 1883.
pany have accepted the reorganization plan with singular
Parties.—The
Fargo & Southern Railway Company, of the
unanimity.
i he assessments to be collected
first part, and the Farmers’ Loan & Trust Company, Trustee,
on the securities already
deposited w-» uld amount to $11,836,478, but for the fact that of the second part.
in the total are included those bonds of the company issued as
Property Covered.—The railway extending from Fargo,
collaierol. These securities are largely income and second 5s Dakota, southerly by Wahpeton, Dakota, to Ortonville, Min¬
bonds, and ti e assessments upon them amount to several nesota, together with all extensions and branches northerly
hundred th usand dollais. Si ill it is assured that the trustees from Fargo and
southerly from Ortonville, whether now con¬
will g^t nearly or quite $11,500,000 in hard cash, three-quar¬ structed or hereafter constructed or
purchased ; including all
ters of which has been paid already.
lands, buildings, supplies, and “all other property whatsoever,
“The reoigauizition of the affiliated companies is also both real and
personal, pertaining to said lines of railway,”
making good pregrees. In the last week $482,104 of Schuyl¬ with all rolling-stock and equipments of every kind and
kill Navigation securities were deposned and $11,524 of Sus¬ description now owned or hereafter to be acquired ; together
quehanna Canal bonds and stock. There remain outstanding with all franchises, etc. Before bonds are issued the railway
$1,133,840 of Navigation securities, of which $185,268 are first shall be equipped as provid d in the mortgage of the Wiscon¬
mortgage bonds, $297 760 second mortgage, $143,000 third sin & Minnesota Division of 1881.
[Chronicle, V. 45, p. 145.]
mortgage, $23,500 improvement mortgage, $154,450 boat and
THE BOND.
car loans and $329,862 stock.
Nearly all ot these securities
First Mortgage 40-year 6 percent Gold Bond.
are held abroad.
Hereafter a penalty of 2 per cent will be
Dale.—October 10, 18-<3,
exact- d on dept-sits.
Dcnominui m.—$1.00 * each.
But little has been done in Susquehanna Canal matters, as Amount Authorized.—$1,2.>0.000 on the
railway extending from Fargo
t<> Orcotivilie
and $20,u00 per mile of railway hereafter con¬
.-some of the largest holders are not in a position to make their
structed
equipped.
.deposits at this time. Tiiere are still $1,492,488 of bonds and Coupon or Jitand
Astere /.—-Coupon.
stock outstanding, of which $872,210 is stock and $465,823 Interest Payablt. -The interest is 6 per cent
per annum, payable Janu¬
third mortgage bonds.”
ary l and July 1, in Unite-! States gold coin of the s and,*rd of 1874,
at the comp my’s office in New York City.
Railroads in New York State.—The returns of the fol
Principal Payable.—The principal is payable January 1, 1924, in
Ui ited Stares told coin of the standard of 1874, at the company’s
lowing roads for tne quarter ending June 30 have been filed
office in New York City.
at Albany :
Sinking Pand.— None.
1SS lt€"
Deposited.
$19,430,< 00
5,000,000
Gen. mortgage 6a
$19,086,000
.s
5,0e0,0(’0
adj. scrip...
9,8< 2,o30
?,71> ,500
6,724,500
530,054
5,4-m,000
Outstanding.
$256,000
“
“
NEW YORK LAKE ERIE & WESTERN'.
r-Quor.end,
,
1887.
,—9
June 3o.—n
1886.
.
Other income
.$1,949,' 85 ! $1,741,445
$3,518,2V 6
$4,874,614
34-,920
744.151
787,374
$6,^1 2,447
$5,6 0,988
5,022,330
5,64o, 924
$640,117
$17,06 4
293,-23
.
.$2,212,908 :$2,090,365
1,866,207 1,878,053
•
.
Surplus....
$ >76,701
.
$212,312
Long Island.
,
1887.
.
Net
earnings.
1886.
475,589
$78,7 6
62,874
$3i.758
474,658
$323,734
$272,501
$15,882
$11,319
25.2-0
i.3,1 98
602
$3,9,ol4
$296,199
161,3u5
$16,487
12,200
$12,092
197,864
$4,287
def. $1,914
..
..
..
—■Hurt. <£• Conn. West —.
ls8t>.
1887.
*
$748,090
income....
Total net
-
Foreclosure Sale.—In case of the sale of the property under
the foreclosure of this mortgige, and in case a majority of the
bondholders shall in writing request the trustee so to act, the
trustee is authorized to purchase said property for the benefit
of the bondholders.
In the event of purchase as aforesaid,
the title to the property shall vest in the trustee, and he may
take measures to organize a new company upon such terms as
the holders of a majority of the bonds may direct.
$79 -,392
Operating expenses».
Other
gage of the Southern
V. 45, p. 114.]
$17,714,826 $16,2 3,109
1 5196,530
Il,343,4y5
.$6,033.6?0 $5,580,738
4,084,565 3,*^39,293
Net earnings....
Default.—Provisions substantially the same as in the mort¬
Minnesota Division of 1880. [Chronicle,
mos. end. June 30.—.
1885-6.
1886-7.
$151,150 $131,8 4
—Syr. Bing. & N. 1'.—.
.
7
3
14,006
Del. Lack. & IV.*
1887.
1886.
1886.
$2» s,950
$La. ,59l
$1.62 ,633
$1,An*,724
Operating expenses.
111 ,s79
1L8.502
833.406
072,382
Net earnings
Other income
$96,971
$76,999
$7.-7,227
$716,342
5i,o0l)
$15'>.971
$76, 99
$78 7,227
$716,342
Charges
48,0 >5
4 >,850
531,249
552.749
Surplus
$102,yl6
$31,149
$235,978
$163,593
Total nit income.
*
Leased lines.
r-Slal. Isl’d R. Tran.—
r-Brooklyn Elcv. RR.-,
18-7
1886.
$166,471
$141,384
$228,241
$ 00,5-0
94,334
94,865
164,390
105^74
$71,636
$16,519
$63,751
$34,605
1886.
1887.
Gross earnings
Operating expenses.
Net earnings
Other income
....
329
Total net income..
$46,600
$63,751
63.677
61,481
59.728
~~
45, <0
Ogdensburg.—Following is the state
earnings, &i\, for June and the nine months ending
June 30, including
Utica & Black River in both years :
June.
,
1887.
Gross earnings
Operating expenses
Net earnings
$34,605
$1,023 def.$10,7i2
$8,289def.$J4,86l
Rome Watertown &
jnent of
....
$71966
Chatges
Surplus
81
..
$.7-317
1*4,474
$117,843
,
/—9
mos.
ending June 30.-
1886-7.
1885-0.
$1,973,484
142,483
$2,170,598
1,243,767
$.JO,553
$926,830
$792,262
18-6.
$233,030
TERMINAL MORTGAGE OF THE CHICAGO MILWAU¬
KEE & ST. PAUL RAILWAY, TO SECURE GOLD
BONDS DUE JULY 1, 1914.
,
1887.
Gross earnings
Trustees.
Provisions substantially the same as in the
Dubuque Division mortgage of 1881. [Chronicle V. 45, p.
144.]
—
70,43 i
1.181.2-21
Bate.—July 1, 1884.
Parties.—The Chicago Milwaukee & St. Paul Railway Com¬
pany of the first part, and the Farmers’ Loan & trust Com¬
pany, Trustees, of the second part.
Property Covered.—Certain real estate in the cities of Chi¬
cago and Milwaukee purchased since the date of the consoli¬
dated mortgage of 1875, outside of the right of way of the
to afford additional terminal facilities; also a
strip of land traversed by the railway extending from a point
on the Chicago & Pacific Division of the
party of the first
part to the county buildings in Cook County, a distance of
about three miles; and over sixty acres adjoining the City of
Milwaukee, on which large expenditures have been made for
railroad purpt ses since the date of the consolidated mortgag ■*
of 1875; all of said land being specifically described in the
mortgage by metes and bounds. And all real estate of every
kind and description which may hereafter be purchased or
acquired in “ either of the cities of Chicago or Milwaukee,
tor depot or station purposes, additional side tracks, exten¬
sions or connections of tracks, and for any and all other ter¬
minal purposes whatever, which shall be acquired or paid for
with the bonds secured by this mortgage, or the proceeds
thereof;*’ and all the buildings and improvements now on said
premises, or which may hereafter be placed thereon, wdiether
now owned or hereafter to be acquired.
[The Chicago Milwaukee & St. Paul has a perpetual right
to the use of certain tracks and right of w*ay over the Chicago
company,
THE CHRONICLE
13, 1887.
August
213
St. Louis & Pittsburg, in Chicago, and
adjoining this right of FIRST MORTGAGE ON THE CHICAGO &
MISSOURI
the St. Paul Company acquired nearly all of twelve
RIVER DIVISION OF THE CHICAGO MILWAUKEE
blocks extending from North Carpenter to Canal streets.
On
& ST. PAUL RAILWAY, TO SECURE BONDS DUE
parts of this property are located their principal freight and
JULY 1, 1926.
storage warehouses. All of this property is covered by this
Terminal .mortgage.
Date.—July 1, 1886.
On an island in the Chicago River
‘known as Goose Island, and situated in the corporate limits of
Parties.—The Chicago Milwaukee & St. Paul
Railway Com¬
Chicago. there is a still larger tract of land—some twenty pany, of the first part, and the Farmers’ Loan & Trust Com¬
blocks—covered by this mortgage.]
pany of New York, Trustee, of the second part.
Property Covered.—The railway extending from a point
THE BOND.
on the
Chicago & Pacific Western division at or near Scotland,
Terminal Mortgage 30-year 5 per cent Gold Bond.
Dakota, northwesterly to a junction with the Hastings &
Dakota Extension Division, at some point west
Dale.—July 1, 1884.
of Ipswich;'
Denomination.-— Si 000 each.
and a branch thereof running
westerly to the Missouri River,’
Amount Authnrizrd.—$3,000,000 on the property described in the
in Brule County, south of Chamberlain,
mortgage and ovvin d July 1. 1884, and $2,« 00.000 on real estate
Dakota, across said
hei ea tier to l>e purchased in the cities of chic go or Milwaukee, of
river, and thence westerly; also a branch from the junction
the character and lor the purposes mentioned, and on improvements
with said Hastings & Dakota Extension
Division, westerly,
of the character herein described on the said lands owned or to be
across the Missouri River, and thence
acquired, but not exceeding the ecst of such purchases or improve¬
westerly; and such
other branches or connections thereof as
ments.
may hereafter be
Coupon nr Registered.— Coupon; but may be registered as to principal. located by the board of directors of the
; together
company
Interest Pagab e.—The interest is 5 per cent, payable January 1 and
with all bridges and their
approaches across the Missouri
July 1, in United States gold coin of tlie standard of ls74, at the
way
oftiee of the company in New York City.
Principal Payable.—The principal is pavable July 1, 1914, in United
Stales gold coin of the standard of 1874, at the office of the com¬
pany in New York City.
Sinking Fund— None.
Default.—Provisions substantially as in the Southern Minne
mortgage of 1880 [Chronicle, V. 45, p. 114], ex¬
cept that in case of entry, because of tlienature of the prop¬
erty, no specific provision is made for its operation, and in
case of default of interest the trustee, if he elects the principal
due, shall serve a written notice upon the company to that
sota Division
said lines ; as well the
railway now constructed as that to
be constructed;
including all lands, buildings and supplies;
“and also all other
property whatsoever, both real and per¬
sonal,” including all rolling stock and equipments of
every
kind and description, now owned or hereafter to be
purchased
on
or
acquired for the operation of said railway, together with
all franchises, etc., relating to said
railway. Before bonds are
issued the road shall be
equipped as provided in the mortgage
of the Wisconsin & Minnesota Division of 1881.
[Chronicle,
V. 45. p. 145.]
THE
effect.
bond.
j
Foreclosure Sale.—In case of the sale of the property under
the foreclosure of this mortgage, and in case a majority of the
bondholders shall, in writing, request the trustee so to act, the
trustee is authorized to purchase said property for the benefit
of the bondholders. In the event of purchase as aforesaid, the
title to the said property shall vest in the trustee, and he may
take measures to organize a new company upon such terms
as the holders of a majority of the bonds may direct.
Trustees
Provisions substantially the same as in the
Dubuque Division mortgage of 1880. (Chronicle, V. 45, p.
144.)
—
FIRST MORTGAGE ON THE DAKOTA & GREAT SOUTH¬
ERN RAILWAY, TO SECURE GOLD BONDS DUE
JANUARY 1, 1016.
Date.—January 1, 1880.
Parties.—The Dakota & Great Southern Railway
Company,
and the Farmers’ Loan & Trust Company of
New York, Trustee, of the second part.
of the first part,
Proper
y
Covered.—The railway extending from Andover,
Day County, northerly to Sargent, Sargent County, Dakota,
and thence northerly ; and also from Andover southerly to
such points in Dakota ;is may hereafter be determined by the
directors of the company ; together with all branches and
extensions thereof, whether now constructed or hereafter to
be constructed or purchased; including all lands, buildings,
Chicago & Missouri River Division First Mortgage 5
per cent Bond.
Date. —July 1, 1^86.
Denomination. — $1.000 each.
Amount Authorised.—$2o,000
per mile of railway completed and
two bridges ami tlm
approaches
the railways described herein across tlmM S'O r>,
i-utgot
exceeding: the actual expenditure therefor mad- bv tip*
company at
the lime the l oads are issued ; bunds may also
he issued tor the pur¬
pose or pr vidiu^ funds for the purchase of ruffing sto« k, in addition
to that above provided for. to the extent of ho
locomotives, 50
passenger ears and 2,0( 0 freight ears.
equipped; $6< 0,000 each for the
then-to
Coupon
o
i
„egi>tered. -Coupon, but may be registered as to principal.
— The interest is 5 per cent per annum,
payable Janu¬
ary 1 and July 1, m lawtul money of the United states of
America,
at the office of the company in New Yo k < its.
Principal P g bte.~ The principal is payable July 1,1926, in like money,
at the same plane.
Sinking I and.— None.
or
Interest Paw bte
Default.—Provisions substantially the same as in the mort¬
gage of the Southern Minnesota Division of 1880 [Chi onicle,
V. 45, p. 114], except that the trustee or trustees shall serve
written notice on the company if on default of interest
they
elect that the principal shall become due.
Foreclosure Sale.—In case of the sale of the property under
the foreclosure of this
mortgage, and in case a majority of the
bondholders shall in writing request the trustee so to do, the
trustee is authorized to purchase said
property for the benefit
of the bondholders
In the event of purchase as
aforesaid,
the title to the property shall vest in the trustee, and he
may
take measures to organize a new
company upon such terms as
the holders of a majority of the bonds
may direct
Trustees —Provisions for the appointment of trustees the
in the Dubuque Division
mortgage of 1880. [Chron¬
supplies and “all other property whatsoever, both real and icle, V. 45, p. 144.]
personal, pertaining to said lines of railway f with all rolling
stock and equipment of every kind and description now
owned or hereafter to he purchased or acquired, together with
OMAHA & ST. LOUIS RAILWAY.
all franchises, etc.
Before bonds shall he issued the railway
shall he equipped as provided in the mortgage of the Wiscon¬ FIRST MORTGAGE ON THE OMAHA & ST. LOUIS RAIL4
sin & Minnesota Division of 1881.
WAY, TO SECURE GOLD BONDS DUE JANUARY 1[Chronicle. V. 45, p. 145.]
same as
1937.
THE BOND.
Date.—June 1, 18S7.
Mortgage thirty-year 5 per cent Gold Bond.
Date.—January 1, l'-80.
l)e outniutl-ni.— $1,000 each.
$18 000 per mile of railway constructed and
Amount Authorised.
equipped; first issue. $1,' 00,000.
Coupon < r Iieifistd' rd.—Coupon.
Interest Payable.— The interest is 5 per cent per annum, payable Janu¬
ary t andJulv J,in United Sta'ea gold coin of the standard i>f 1874,
at the com any’s office in New York City.
Principal Payable—The principal is payable January 1, 1910, in
United Suites gold coin of the standard of 1874, at the company’s
office in New York Citj".
Sinking Fund.—None.
First
Default.—Provisions substantially the same as in the mort¬
of the Southern Minnesota Division of 1880 [Chronicle,
V. 45, p. 114], except that the trustee or trustees shall serve
a written notice on the company, if on
default of interest
they elect that the principal shall become due.
gage
Fo eel sure Sole.—In case of the sale of the property
under the foreclosure of this mortgage, and in case the hold¬
ers of a majority of the bonds shall, in writing, request the
so to act I the trustee is authorized to purchase said
propertv for the benefit of the bondholders. In the event of
the purchase as aforesaid, the title of the property shall vest
in the trustee, and he may take measures to organize a new
company upon such terms as the holders of a majority of the
trustee
bonds may
direct.
Trustees.—Provisions
gage of
p. L14. ]
Parties.—The Omaha & St. Louis Railway
first part, and the United States Trust
Company, of the
Company of New York,
Trustee, of the second part.
Property Covered,.—All the property, of every kind and
description, real and personal, now owned or hereafter to be
acquired by the said Railway Company, including its entire
line of railway now owned or hereafter to he
acquired, at present
extending from Council Bluffs, Iowa, to Pattonsburg, Daviess
Co., I^jssouri, a distance of about 143 miles ; together with all
lands, fixtures of every kind, equipment, rolling stock, leases
and franchises now held or hereafter to be acquired for the
construction, operation and maintenance of said railway.
the bond.
First
Mortgage 4
per
cent Gold Bond.
Date.—June 1, 1887.
Denomination.—*1,000 <»a<*li.
—$2,717,000.
Amount A uthoriz'd
Coupon or kegisten d.~ Coupon, but may be registered.
Principal Payahte.—The principal is payable January 1,1937. “in gold
coin of the United States of Ami rloa. of or equal in we;ght and tlnene-s to the present standard,” at the United States Trust
Company’s
offii e in New York City.
Inter-U Payable. The interest is 4 per cent per annum, payable Janu¬
ary 1 and July ], in like gold coin, and at the same place
Taxation.—Principal and in’crest are payable without deduction of any
United States
or
state tax whatsoever.
Sinking Fund.—None.
substantially the
the Dubuque Division of 1880;
Insurant—The company shall keep insured its rolling
in the mort¬
tools and machinery, bridges and buildings, and all
stock,
[Chronicle, V. 45.
property usually insured by railway companies.
same as
THE
214
CHRONICLE,
Default.—If default in the payment of interest shall be
due and pay¬
of said bonds
shall, at the election of the trustee, but not otherwise, become
immediately due and payable.
If default in the payment of interest or principal shall be
made, and shall continue for sixty days, the trustee is author¬
ized and directed in its discretion to enter upon and sell at
public auction in Council Bluffs, Iowa, so much of the
property as shall be necessary to satisfy such overdue obliga¬
tions, and apply the net proceeds to the payment of the
principal of such of the aforesaid bonds, and the coupons, as
may be at the time unpaid, whether or not the same shall
have previously become due, and of the interest which shall
at that time have accrued and be unpaid, according to their
respective priorities herein declared.
In case of default as above, or in any requirement here¬
under for sixty days, the trustee may at its discretion
enter upon and operate the premises, and apply the proceeds
to the payment of interest in the order in which it is payable;
and after all interest due is paid, the trustee shall restore the
premises to the company.
In case of default as above, upon the written requisition of
not less than ten per cent of the aggregate amount of bonds
outstanding, it shall be the duty of the trustee to enforce the
rights of the holders of such of said bonds as are in default in
such manner, and only so far as the trustee shall deem expe¬
dient.
Upon a written requisition signed by the holders of a
majority of the bonds, and accompanied, if the trustee so
elect, by a deposit in the hands of the trustee of a majority
of the outstanding bonds, it shall be the duty of the trustee to
enforce the rights of the bondholders in the manner pre¬
scribed in such requisition, and not otherwise.
If the default be in any other thing than the payment of
interest or principal, the trustee may at its discretion, and
without appeal to the bondholders, waive or enforce their
rights by reason of such default.
Upon the tiling of a bill in equity or other commencement
of judicial proceedings to enforce rights hereunder, or the
return of “no property found” upon the decree of any Court
of Iowa or Missouri for a payment of money, the trustee shall
be entit led to exercise the right of entry or to the appointment
by any Court of competent jurisdiction, of a receiver of the
property hereby mortgaged.
At any sale of the said property the trustee may purchase
the same at a reasonable price if but a portion of the property
is sold, or if it all is sold at a price not exceeding the whole
u
continued for sixty days after said interest is
ment thereof has been demanded, the principal
and the trustee
may
tion in
case
of default.
EPITOME.
Friday
There is
Night, Aug. 12, 1887.
longer any doubt that the yield of Indian corn and
dairy products have been materially curtailed by drought.
Wheat, barley and tobacco have b^en injured more or less;
roots, also, in some sections are deficient. Hops do not promise
well. Rice has been injured by recent storms on the South
Atlantic coast.
Cotton is, in fact, the only great staple that
promises an increased out-turn.
Labor troubles, which
threaten serious consequences to the shoe and leather trades,
are pending in this city, and in Newark, N. J.
Approaching
State elections excite some interest, as they are preliminary
no
skirmishes
to
the contest for the office of President of the
States, which
the United
off next
comes
year.
speculation in lard for future delivery has shown a
moderate degree of activity, but the effort to promote an ad¬
vance in prices, in sympathy with the upward turn for Indian
To-day there was free selling,
corn, had only a small success.
and the early months were weak.
Lird on the spot has been
rather quiet, without decided advance, and closes dull at 6‘65c.
for prime city, 6,87}^@6,92^c. for prime to choice Western,
The
7c. for refined to the Continent
and 7‘40c. for refined to South
America.
D.4ILY CLOSING PRICES OF LARD
Samrfi’y.
Sept, Aeliv’y
October “
Nov.
“
l>.>e.
“
.January “
..
..
..
...
Mond’y.
0-88
6 97
6*90
6*88
6*97
6*90
6*99
6*90
6*:>9
6*8S
6*87
6*95
Tuesday.
6*90
r
6*89
6*37
FUTURES.
Wed ns? y. Thursd’y. Friday.
6-:*2
6*92
6-89
7*01
6 98
7*00
6*:»7
6 97
6*95
6*97
6*94
6*37
7*05
7*02
7*05
offered and closes easier; old
$100 $10 25, prime $14 250
$14 50 and clear $16 75<g)$17 50.
Cut meats have been
dull, and sh< ulders are decideuly lower. Pickled bellies
85o/a'9c., shoulders 0@0]yC. and hams' 12@12]^c. ; smoked
shoulders 7'^7)4.0. and hams 13(g) rOJjA. Bet remains nearly
nominal. Beet hams lower at $19 per bid.
Tallow in good
demand at 3?gC.
Stearine is quiet at 8@8U\ Ol eomargarine
dull at 6c
Butter is again higher at 18020c. for creamery
and 16@23c. for State dairy. Cheese has advanced smartly,
closing firm at 1O'40lly/c. for State factory, full cream.
Pork has been more freely
$150 $15 25, new do.
miss
above provisions for opera¬
The swin^
the removal or resignation of the trustee,
tin'company shall, with the consent of the holders of a ma¬
jority in interest of tin* bonds then outstanding, appoint a
Trustees. — Upon
new
axes.
Business continues to make fair progress.
The action of
the Treasury Department is generally commended in commer¬
cial circles.
Crop accounts begin to take definite shape.
at its option enter said property and
operate it in accordance with the
(Bommtvxml
COMMERCIAL
amount of bonds outstanding.
The company may, whenever it shall deem expedient for the
better security of the bonds, though default may not then
have occurred, deliver totin' trustee full possession of the rail¬
way :
fVoL. XLV.
slaughtered at Uie principal Western towns, Ma/ch
numbered 3,755,0U0, against 3,800,000 same
l to August 10,
time hat > ear.
The following is a comparative summary
exports from November 1 to August 6.
trustee.
'
Chicago.—The report of the receivers
for the year ending doth April, 1SS7, contained the following :
Reconstruction.—This work lias t een carried on vigorous¬
ly dining the year, ai d the road is now in excellent condition
to he operate d at a minimum of expense on its traffic.
TVabash Litipaiion.—As some of the other divisions of the
Wabash St. Louis & Pacific Railway have been able, through
compromise, each releasing the. ether, to obtain from the
corn t decrees for sale in foreclosure, freed from all future
Wabash litigation, thus securing a clear title to their property,
we have not urged our
proceedings, anticipating a similar
compromise set\l ment. In fact such an one was agreed upon
verbally some months since with the receivers of the Wabash
St. Louis & Pacific R blway, but owing to vexatious and tech¬
nical delays it has not • een li idly executed.
So soon as it is
completed we will obtain au order of the court for the sale of
the property in forced*.sure and reorganize as speedily as may
be practicable.
[Since the report of the receive*s was issued,
under consent of all parties a decree of court has been entered
releasing the C. V. & 0. from liability of all Wabash claims ]
As Committee of Reoryuirizatian.—We have to report, in
addition to what has been said in preceding respecting Wabash
litigation, that out of the total i sue of $3,857,000 Wabash
Cairo division bi nds, >3,850,000 have been deposited under the
bondholders’ agreement, l aving but one bond outstanding
unassfnted. [ Phis Iv s since Ren deposited.]
$ Ramin {is and Expenses for the Y ar~ Ending April 30,
1887.—Gr. ss earnings, $710 001; expenses, $549,400 ; net
earnings for the year, $161,263.
Condensed Balance Sheet April 30. 1887.—Assets : Re¬
Cairo Vincennes &
Bacon.
&c’."ib9
239,427,736
Lard, lbs
The
1885-6.
1886-7.
32,166,200
350,961,755
Pork ii)S
of the ciggregate
32,800,400
3x2,980,121
224,228,569
speculation in options of Rio
Dec.
730,200
Dec. 32,018.466
luc. 15,199,167
colfee has been dull and
variable and irregular. A marked decline in dis¬
feature early in the week, greatly reduc¬
ing the range in values for the various deliveries. Abetter
report from Havre caused an advance yesterday, and there
was a further improvement to-day, and the close was with
sellers at 17-40@17*80e. for the summer and autumn months,
and 17*85018c. for the more distant deliveries.
Coffee on the
spot has been generally dull, but a large business was done
early in the week. To-day the market was firmer at 19019'^c.
on reduced crop estimates from Rio.
Mild coffees are quiet.
Raw sugars are dull at 4 9-lGxfor f ir refining Cuba, and
5 5 10c. for centrifugal, 93 deg. test, and refined sugars are a
fraction cheaper.
Molasses is firmer, with large sales
rumored; quoted 19c. for 50 deg. test, Rico is held higher,
owing to damage to the crop by floods. Teas in fair demand.
Kentucky tobacco in fair demand; sales for the week are
400 hhds., half for export, and prices are firm at 44^016c. for
light lugs to heavy leaf. Seed leaf has continued in demand,
ai d sales for the week are
1,180 cases as follows : 400 cases
1886 crop, New England, 12^4014c.; 250 cases 1885 crop, Ohio,
O074^c.; ISO cage's 1884-85 crops, Dutch, lO0l2>.<o.; 200 case3
lb8l-85 crops, Pennsylvania, 12^010c., and 150 cases sun¬
dries, 70 28c ; also 450 bales Havana, 60@$1 05, and 250 bales
prices were
tant
futures was the
Sumatra, $1
350$ 1 65.
*
Spirits turpentine has declined, but closes firm at 32 0 334:±c.
Rosins have remained dull, at $1 02^0$! 10 for common to
good strained.. Tar shows an upward tendency with South¬
ern markets, and closes at $2@$2 05 per bhl. Cru le petroleum
certificates have been improving, and to-day advanced
smartly, with considerable speculative activity, closing ac 60}.£
(5)6058c.
On the Metal Exchange there have been m the past three
days active speculations in block tin and ingot copper. To¬
day tin was quiier, with sales at 22 60c. for November ; but
construction and new equipment, $820,847; receivers of the
"Wabash St. Louis & Pacific Railway taxes /or 1884, $52,374;
receivers’ equipment destroyed, 4045; trustee legal expenses,
$2 702; cash, $20,200; cash items in comse of collection,
$50,011; supplies o i hand, $24,152; total, $970,034. Liabilities:
ree.civ* r&’ certificates, 0 per cenr, $600 107; current liabilities,
$109,432; accrued interest, not due, $2,728; disputed claims
({taken up at face of claim, as a matter of record, but not
~
thereby acknowledging their validity), $12,454; earnings copper continued active, with sales 350.000 lbs. at 10 60c. on*
th'-snM;. 1**70@10*75c. for August, 1085 \ for October and
ytar ending April 30, 18S0, $74,618, April 30, 1887. $171.263; '
Other metals quite nominal*
loss interest on reeeiveis’ certificates, $49,730; ret ii.ecaie, i iv V0/01O-D5c. for November.
.$180,151; total, $976/934,
§! Ocean freights have been dull and rates are easier,
’
,
CHRONICLE
THE
13, 1887. J
August
COTTON.
Friday. P. M., Aug. 12,
1887.
bales, against 1,499 bales last week, 2,581 bales the previous
week and 3,295 bales three weeks since; making the tottl
receipts since the 1st of September, 1886, 5,213,418 bales, against
5,314,557 bales for the same period of 1885-86, showing a de¬
since September 1, 1886, of 101,109 bales.
crease
Mon.
Sat.
Receipts at—
64
Galveston
Indianola, Ac.
•
•
•
•
932
New Orleans...
Mobile
.
Florida
.
.
Brunsw’k, Ac.
Charleston
Norfolk
New York......
Boston
Baltimore
Philadelp’a, Ao.
.
7
....
....
....
....
....
....
...»
4
....
•
....
....
....
....
....
....
•
•
2.467
3
o
14
10
10
15
27
8
....
....
....
1
....
—
12
5
....
....
....
....
....
....
....
....
S
....
1,297|
1,273
10
4
....
472
39
39
4.0
45
88
107
713
7,270
give the following table showing the week’s
total since Sept. 1, 1886, and the stock to-night,
the same items for the corresponding periods of last year.
For comparison, we
total receipts, the
and
Since
This
Sep.
1, 1386.
Week.
Galveston....
1,665
709,150
Th is
Since St p.
Week
1,1885.
•
28,179
233
3.191
1
448
798,364
816
2,847
44
16,252
501,615
14,476
525
1,600
4
101.180
451
2C9
3,839
532,157
595
7,821
563,531
321,219
109
284,615
96,802
105,397
33
56,693
121,973
88,371
782
852
66,187
605
1,073
54,638
8,022
136,322
7,010
10,812
9,291
6,6605,314,557
136,201
205,572
99
Florida
10
23,890
27
794,727
Charleston
31,731
36S.21S
10
..
19,212
Pt.Royal,Ac
Wilmington
134,815
1
.
2,667
30,813
213.457
..
2,235
247.179
50,167
14
Br’sw’k, Ac
1886
781
882 1,728,725
5,3401,733,344
Mobile
Savannah.
1887.
700,360
1,741
Ind’uola,Ao
New Orleans.
Slock.
1885-86.
1886-87.
Receipts to
Aug. 12.
On
Aug. 12, AT—
Great
4,979
None.
None.
None.
None.
None.
New York
Other ports
Total
5,400
1.000
1887
Foreign
4S2
None.
None.
None.
None.
None.
3 90
None.
None.
None.
None.
None.
None.
None.
233
None.
None.
None.
None.
None.
None.
8,850
None.
None.
782
3,150
None.
None.
11,379-
Total 1886
Total 1885
15.127
8,245
Leaving
Coast¬
wise.
Other
France.
Britain.
NewOrleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
Shipboard, not cleared—for
Stock.
Total.
5,749
25,064
None.
None.
None.
233
525.
816
No no.
1,000
2,235*
1,13(4
79,521
11,07$
28S
15,599
120,602
3,861
1,534
1,003
41
20,522
9,286
159,54£>
3,150
.
None.
195,050-
....
....
....
1
11
....
5,340
....
•
....
16
....
....
....
....
....
3
3
....
....
1,665
228
....
....
....
...
489
....
....
....
t
....
....
....
.
Total
233
....
1
2
1,043
....
1,143
....
.
....
....
Totals this week
.
139
1,C09
2
....
West Point, Ac
....
2
1
Moreli’dC.Ac.
....
.
....
Ft. Royal, Ac.
Wilmington....
245
.
1
Savannah
495
1,962
....
Wed.
Tues,
Fri.
In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 24 Beaver Street.
us
The Movement op the Crop, as indicated by our telegram*
from the South to-night, is given below.
For the week encbr.g
this evening (Aug. 12), the total receipts have reached 7,270
Thurs.
215
The speculation in cotton for future delivery at this market
has been somewhat inactive for the week under review, and
the principal feature is the decline in options for this month
(August). No very important influences have been at work.
Crop accounts have improved, owing to the fall of needed
rain over a considerable portion of Texas, and a partial clear¬
ing up in Georgia and the Carolinas, where the downfall had
been excessive.'
Liverpool reports have reflected a very
unsettled market there.
The Bureau report, made public on
Wednesday, was rather better than was gei erally expected.
On Saturday the
next crop ruled
slightly dearer, but
the improvement was
lost on Monday.
In the course
of Tuesday
and Wednesday there was a decline of
30 points in August options, while the next crop gave
way only 5@7 points.
There were unaccountably full
receipts of old cotton at New Orleans, which had an unf avorable effect upon values for prompt delivery.
On Thursday
an early
decline, under weak Liverpool advices, was fully
recovered on a demand to cover contracts.
To-lay an early
decline was followed by variable unsettled values.
Cotton
on the spot,
under freer offerings and declining prices has
been fairly active, both for export and home consumption.
Quotations were reduced 1-16c. on Monday and igC. on
Wednesday. Yesterday at a further decline of l-16c. there
was a very large
business for export, and home spinners
bought fairly. To d ty the market was dull and weak at O^c.
for middling uplands,
The total sales for forward delivery for the week are 302,800
hales.
For immediate delivery the total sales foot up this week
14,091 bales, including 10,341 for export, 3,750 for consumption,
for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the official quotations for
—
M’liead
C.,Ac
12
Norfolk
W. Point, Ac.
......
New York...
Boston
39
Baltimore...
45
PhiladeFa.Ac
107
Total
61,009
58,481
7,2 70 5,213,148
1,130
3,444
......
......
3,000
be made with other years, we
give below the totals at leading ports for six seasons.
In order that comparison may
Receipts a!—
Galvest’n.Ao.
New Orleans.
1883
1884.
1835.
1880.
1887.
1883
1,665
1,741
548
246
5,340
882
290
540
4,8C0
1,681
14
99
13
33
233
65
Mobile
1,378
707
each day of the past week.
6 to
Aug. 12
Ordln’y.WTb
Strict Ord..
Good Ord..
Sir. G’d Ord
Low
Midd’g
Ssr.L’w Mid
443
64
203
927
44
170
100
128
192
1
4
4
30
61
394
Norfolk
12
595
50
189
814
802
326
166
Or din y.^&>
SLrietOrd..
Good Ord..
8tr. G'd Ord
Ltjw Midd’g
Str.L’wMid
Middling...
109
Point, Ac-
All others
201
2,738
1,980
1,552
1,330
1,778
7,270
6,660
3,125
2,893
10,305
6,356
...
Tot., this w’k.
Since Sept. 1. 5213,448 5314,557 4739.659 4310,928 5960,565 4672,191
Galveston includes rmlnmoia; Charleston includes Port Royal, Ac..
Wilmington includesMoiftli’dUity.Ac.iWestPointiucliidesCity Point,Ac,
The exports for the week ending this evening reach a total
of 12,521 bales, of which 11,055 were to Great Britain, 41
to t rance and 1,425 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1886.
1,1880, to Awj. 12,1887
Exported to—
12.
From Sept.
Ccnti-
lo tal
nent.
Week.
Great
Britain. France
Week Ending Auj.
BxporUd to—
Export»
Great
BriVn. Franct
from—
Galveston
••••••
New Orleans
..
200
......
Fieri da.
......
Savannah
•
charleston
......
......
Mobile
•
•
•
■ * ’
200
.....
......
••••••
..
West Point.Ac
9.725
1,3 JO
New York
Boston
...
41
......
Tot'A*.
30,352
755,313 319,902
40,807
390,798
377,854 1,453.6G9
233,159
18,648
243,960
90,453
43,966
148,206
10,857
255,540
Total.
Total 1885-86
......
......
90,823
......
320,220
97,678
1,215
••••••
......
......
......
Philadeip’a, Ac
•
ntnt.
8\
8'*i6
93,6
9*w
93,a
9ha
9 ’,6
9:t8
9%
91310
9%
9*
9l5ie
91*16
10316
10 hn
10131(1
H7,e
7«i«
7lli«
8*8
93a
91;iie
Mid.. 10116
Fri.
7^8
7*8
7*8
7*,0
713,6
8;,16
8\
9
Wed
9
938
9*8
93,0
9»io
9.* ,6
9»m
9*4
9-\
934
10
10%
10*4
Midd’g Fair 10H,6 10*6
Fair
ii“i« 115,
10*8
jlll4
STAINED.
ip lb.
Good Ordinary
ft: riot Good Ordinary
L mv Middling
8
Wed
Th.
Fri.
73i
714
7*,«
7*4
7:tt
7-\
713,0
8*4
7-'H
714
744
811,6
8li,e
93,6
9*8
9%
9 *8
9%
9 u, ft
8uie
9*8
9%
9%
9H,0
911,6
97«
978
91J16
lOhtt 101b
107,0 10 3.8
| 1013j6 10 3,
libs 11*8
100b
10^8
10 »4
11!%
90
9
0
|
71,6
71*10
7%
!
B1 lift!
10',0 10!%
l()I3,fi l 0 3,
,117,0 11!%
99i0
71,8
7*4
8U10
9i>i0
'
911,6
978
91*16 9 '8
1039
103,fi 1018
MouTuei Wed
7%
834
9*8
Middling
7%
Fri.
Til.
8nl6
9*8
Sat.
10!%
10\
1L!%
Th.
Vrl.
7*8
678
7yip,
8y,«
971C
8*2
9r%
«7a
7yie
8 *2
O>*,0
9%
MARKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement.
For tne con¬
venience of the reader we also add a column which snows at a
glance how the market closed on same (lavs.
’
104.900
......
7i«
978
101,0
10*10
lO'V,
10!*,0
11*16
107,6 10*8
10i3J6 11
117,« 11*8
10
Good
3tr. G’d Mid 1 (,L> 16
1038
Mon Tuee
Sat.
77,0
77,0
715,8 71*1681*1,, &78
H7s
9° ifi
93s
9*18
9*,0
911-c
911,0 91 lift
97s
915,0 97b
97b
101,8 1010
101,0 ioim
10:%
IC‘5,0
10*10 10*, 0
10*1,6 10*8
100,0 I0t»,6
11
101*10
1016,0 101*ie.
11*16 11*8
H0,« U»,e
0
71*,«
878
91 ‘,0
Th.
'
91,6
9716
8
9i*,f 10%
103,.,
77
77,,,
71*,0
B78
9*10
7ia
TEXAS.
BPOT MARKET
CLOSED
40,807
SALES OF SPOT AND TRANSIT.
Ex-
Con-
port. sump
Spec-' Tran-
wZTnj sit.
Total.
FUTURES.
Sales.
Deliv¬
eries,
.....
•
Wilmington...
Baltimore.
•
Conti~
8 34
914
IT fed
10
W.
8^16
713,6
IILJ
27
...
7*16
713,6
Mon Tuea
Sat.
7°ia
Mtdd’g Fair 1078
Charl’st’n, Ac
Wilm’gt’n, Ac
Tue»
Oil
73s
77s
10
Good Mid.. 10
Btr.G’d Mid 10^
834
Savannah
ill
Sat,
Middling...
Fair
NEW ORLEANS.
UPLANDS.
A ug.
10,991
511,901
1,330
147,621
95,158
53,211
7,960
f
•
t
2,150
42,700
8,750
8,900
8,406
495,767
277,625
109,640
380,120
108,294
244,250
798,851
2,650
28,889
3,219
132,797
50,430
150,271
11,055
41
1,425
12,521 8,703,896 474,428 1,172,091 4,350,415
Tl.188
105
1,664
12,957 A581J487
408,74911,288,317
4^78.353
Sat.. Steady
Mon
Quiet 'W 1,6dec..
Tnea. Easy
Wed
Steady ® % dec..
.
.
Thva Easy ts *16
Fri.
.
Total.
dec
..
....
500
2,300
301
278
838
850
6,5411,065
....j 415
Easy
......a.....
1,000
......
10,3413,750
....
mmmm
....
....
....
....
....
....
....
....
....
....
m
46,800
.....
1,338
3,150
7,606
05,600
61,800
415
58,700
42,800
rn
m
...»
200
400
COD
aotually delivered the day
reported.
The Sales and Prices of Futures are
ing comprehensive table.
27,100
278
..„.!l4,09li302,800
....
daily deliveries given above are
rrevlotu to that on whlon they are
1,301
shown by the follow
THE CHRONICLE.
216
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2
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2
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XX
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1 S: :
69,400
39,000
47,000
200
400
1,300
900
1,200
202,000
3,000
32,000
4,000
9,000
1,200
900
3,300
130,000
7,000
50,000
15,000
10,000
170,000
5,000
51,000
8,000
10,000
219,000
6,000
62,000
13,000
10,000
Total Continental stocks
314,100
275,800
332,600
436,200
22,000
136,201
19,026
1,163
Total American
East Indian, Brasil, <£c.—
857,800 1,033,600 1,"0«,200
134,000
50,000
68,000
37,000
156,000
83,000
205,572
42,280
168,881
17,637
118,707
15,503
736
4,750
1,400
3,000
10,000
728,390
891,588
922,218
954,610
Liverpool stoi k
280,000
160,000
29.000
167,100
118,000
25,000
79,800
203,000
20,000
116,600
68,000
310,000
Loudon stock
Continental stocks
India afloat for Europe
22,000
Egypt, Brazil, &c., afloat
Total East India, &c
Total American
616.100
7<-8,3;:0
134,000
3,000
401,800
841,588
64,000
198,200
If 6,000
10.000
7 8,200
954,610
407,600
922,218
•period of 1885-86—is set out in detail in the following statement.
£a>rr,x5c2$
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Ar the Interior Towns the movement—that is the receipt
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
®
cn
X X ©
11
1,344.490 1,293,388 l,329.slS 1,692.810
5^d.
59ifd.
63ied.
5aifed.
9 Sic.
10*S!C.
107ie,c.
9716e.
....
2I^*The imports into Continental ports this week have been
15,0U0 bales.
The above figures indicate an increase in the cotton in sight
to-night of 51,102 bales as compared with the same date of
1886, an increase of 14,672 bales as compared with the corres¬
ponding date of 1885 and a decrease of 348,320 bales as
compared with 1884.
xx
61
si
to
<
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Total visible supply
Price Mid. Up!., Liverpool
Price Mid. Upl., New York
ifto:
►i
1 d: :
43,400
22,000
w
XX © X
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^
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37,900
30.000
o
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872,000
5,600
b
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4 000
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582,000
4,200
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b
s
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.
20,000
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havie
Stock at Marseilles
Stock at Barcelona
Stuck at Genoa
Stock at Trieste
-
Total visible supply
1,344,490 1,293,388 1,329,813 1,692 810
Of the above, the totals of American and other descriptions are as follows:
American—
dvei pwol stock
;
bales 351,000
478,000
397,000
498,000
JontiDental stocks
177,000
238,000
196,000
216,000
Ameritan afloai for Europe...
37,000
44,000
38,000
50,000
United Stales stock
168,831
168,707
205,572
136,201
United States interior stocks..
42,: 80
17,637
15,503
19,026
United States exports to-day..
736
1,400
1,163
4,750
^D
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£
to 00
29.000
O'
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lb
©
to
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1884.
808,010
(4.0C0
Stuck in United states ports..
Stock in U. S. iuterior towns..
United States exports to-day.
Cb
o.A
web ^cb
c x
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1885.
681,000
Egy pt, Brazil.&c.,aflt for E’r’pe
%
<1
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XX
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k
^
1886.
557,000
25,000
bales
Total European stocks
1,004,100
India coi ton afloat for Europe. 118,000
Amer. eott’n afloat for Eur’pe.
44,000
>
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1887.
631,000
Stock at Liverpool
8tcck at London
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consequently all the European figures are brought down
But to make the totals the complete
figures for to-night (Aug. 12), we add the item of exports from
the United States, including in it the exports of Friday oniy.
Thursday evening.
to
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1,282.400; Set teinber-Mareh, for Matvh, 2.106,800; 8eptember-April
for April, 1.628,900 ; Feoteinber-May, for IVliiy. 2,0‘05,9< C; F^ptcuiOei’
Jane, for June, 2.555,200; Septeiulit r- Inly, for July, 2,154,400.
cr We baVt- included m me alit ve table, anti t»iiail eoiitmue each
Veek to give, Uu- iiveiiiKe price of futures each day for each luoutlt.
It
•Will be found under each day following the abbreviation “ Aver ” The
average for each month for the week is also given at bottom of table.
Transfeiable Orders—Satmday, 9*85e.; Monday, 9*'Oc.; Tuesday,
9*70c.; Wednesday, 9*60c.; Thursday, 9*6t’c.; Friday, 9 6Oo.
exchanges have been made during the week:
Even 100 Nov. for Dec.
*04 pd. to exch. 80o Dec. for Jan.
*14vud. toexch. 7< 0 Dt c. lor Sept.
•Jto^pd. to exch. 100 Nov. for Si pi.
The VisibJLE Supply
of
I *04 pd. to excli. 3f 0 Nov. for Jan.
I <1 d. to oxch. 2('0 Dec. for Nov.
I *10 pd. to txcli. 1,000 Nov. lox ttept,
|
Cotton
to-night, as made
up
by cable
'And telegraph, is i.s follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
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Inolunen sitit-s in Hepreuit’^r. 1*86, tor ttej tember, 42,b(M»; Wfptt-ir
ber-Ot-Tober, for Oetolier, 287,200.; Sepieiiiber-Noveiu-ber, for November
441,700; Septeniber-lieeeinber, tor l>eeeuiber, 765,100; Septeiuber
January, for January, 1,085,900; Hepteinber-Fobruaty, for February
The following
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The tigures fur Louisville ia both years are “net.”
The above totals show that the old interior stocks have
decreased during the weekT,768 bales and are to-night 23,254
bales less cnan at the same period last year.
The receipts at
the same towns have been 3,657 bales less than the same
August 13,
THE CHRONICLE.,
1887.]
week last year, and since September 1 the receipts at all the
towns are 74,047 bales less than for the same time in 1885-86,
Quotations for Middling Cotton at Other Markets.
tne table below we give the closing
quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past wees.
-
In
CLOSING
Aug. 12.
Mon.
9%
930
9i0
938
930
9i4
Galveston...
New Orleans.
Mobile
9i*
9H
Savannah...
Charleston..
Wilmington..
10
10
10
Norfolk
Boston
'
9i0
9H
914
914
9i0
9H
9i0
PI4
9i0
9%
938
94
9i0
914
10
10
10
101*
101*
105s
101*
101*
105s
9^8
101*
101*
IM4
101*
10
10
10
10
91*
93s
101*
1018
938
938
101*
93s
938
lOk
ids
1050
Augusta
Memphis
lo
10
..
91*
10
10
10
Philadelphia.
Loai-ville
Fri.
10
10
10
1018
101*
1058
Ciuo.nnati...
Thurs.
10
10
10
Baltimore....
95g
9i*
91*
91*
10i*
l«»*e
101*
1018
Bt Louis
Wed nes.
10
10
10
10*0
101*
....
Tues.
9616
101*
Week
978
101 and lowest 73.
Belton, Texas.—There have been light 9howers
P30
914
10a4
1010
Receipts at the Ports. St'k at Interior Towns. Rcc’pts from Planr
1885.
1886.
1887.
1885.
1886.
1887.
77,661
1885.
8
2.862
12.691
1,261
“
15
9.472
4,600
8,227
38,253
33.MS
“
22
1,972
2,194
28,711
23,591
6,744
29,188
903
2.588
9.060
22,3(0
20,578
64.810
29
3,295
2,581
57.620
860
Aug. 5
2.038
7.624
1,499
21.255
49 807
27,037
20,018
2,710
3,125
6,660
7.270
20,066
48.719
23,907
1,936
July
“
**
12
1886.
n
1887.
3,361
37
195
3,327
1,876
1,330
••••••
5,572
5,219
The above statement snows—1. That the total receipts from
the plantations since September 1, 1886, are 5,189.355 bales;
in 1885-86 were 5,347,426 bales; in 1884-85 were 4,742,510 bales
2. That, although the receipts at the outports the past wee!
were
7.270 bales, the actual movement from plantations wa'
only 5,2 i9 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the plantation!for the same week were 5,572 bales and for 1885
they were
1,936 bales.
Amount
of
Cotton
in Sight
being 100 and the lowest 74.
Columbia, Texas.—It has rained splendidly on two days of
the week, the rainfall reaching one inch and sixty-two hun¬
fine but caterpillars are reported and
Picking has begun. The thermom¬
eter has averaged 82, ranging from 70 to 96.
Cuero, Texas.—It has rained magnificently on two days of
the week, just as needed, the rainfall reaching one inch and
ten hundredihs.
Crops are splendid and picking is active.
The thermometer has ranged trom 73 to 100, averaging 87.
Brenham,Texas.—Fine showers have fallen on two days of
the we^k, but more rain is needed especially on sandy lands.
The rainfall reached fifty-eight hundredths of an inch.
Pick¬
ing has been commenced. Average thermometer 86, highest
Receipts from the Plantations.—The following
table
indicates the actual movement each week from the
plan¬
tations.
The figures do not include overland
receipts nor
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the croj
which finally reaches the market through the outports.
Mndino—
Luling, Texas.—We have had two days of glorious rain
during the week; very beneficial but hardly enough. The
rainfall reached seventy-two hundredths of an inch.
Picking
is general.
The thermometer has averaged 87, the highest
dredths. Crops are very
we dread any more rain.
QUOTATIONS FOB MIDDLING COTTON ON—
Satur.
Aug. 12.—In the table below
give the receipts from plantations in another form, and add
to them the net overland movement to Aug. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
we
1885-86
1884-85.
1883-84.
Receipts at the ports to A ug. 12 5,213,448 5,314,557 4,739,059 4,810.928
Interior stocks on Aug. 12 In
excess of September 1
*21,093
32,869
2,851
*30,790
Tot. receipts from planta’tns 5.189,355 5,347,426 4,742,510 4,780,138
Net overland to Aug. 1
788,880
821,134
610,060
573,700
Southern consumpt’n to Aug. 1
Total in sight Aug. 12
391,COO
308.000
264.00U
296.0vK
6,309,235 6,476,560 5,616,570 5,649,838
Northern spinners’ takings to
Aug. 12
*
1.628,479 1,752,806 1,370,287 1,546.913
Decrease freiu September 1.
It will bo
s^en by the above that the decrease in amount in sight to¬
compared with last year, is 107, <25 bales, tne increase as
compar-d with 1881-85 is 752,885 bales, and the increase over 1885-84
is 7i9,397 bales.
night,
as
Weather Reports
Telegraph.—Advices to us by
telegraph to-night indicate that in those sections of the South
where the rainfall had been ex^ssive a considerable
improve¬
ment in weather conditions has taken
place. In some dis¬
tricts of Texa- beneficial showers have faben, but at other
points rain is much needed. Caterpillars are reported in a
few sections, but no damage is noted as
yet. Picking is be¬
by
coming tciive in the Southwest.
ttaloeston, Texas —Rain has fallen on two days of the
week, and it is now raining hard. The receipts this week are
made up entirely of new cotton, and tt us far this season
twenty-four hundred and eighty-three new bales have been
received. Average thermometer 83, highest 91, lowest 70.
Palestine, Texas.—There has been no rain all the week.
Some is needed, but we are not suffering for it
Tne ther¬
mometer has averaged 82, the
highest being 100 and the
lowest 70.,
Huntsville, Texas.—Light showers have fallen on three
days of the week, the rainfall reaching fifteen hundredths of
an inch,
A good rain is wanted, but prospects continue
favorable. The thermometer has averaged 87, ranging from
73 te 103.
Dallas, Texas.—The weather is still dry and hot, but there
no 8utfeiing.
The thermometer has ranged from 76 to 102,
averaging 88.
is
Austin, Texas.—There has been
one
beneficial shower dur¬
ing the week, but a good soaking rain is needed. Dry weather
is forcing maturity prematurely with
profuse shedding of
young bolls and squares.
Average thermometer 88, highest
70 and lowest 99, and rainfall
twenty-six hundredths of an
inch.
on
two
days
of the week, doing no good.
The rainfall reached seventeen
hundredths of an inch. Rain is very badly neede 1 ; vegeta¬
tion is suffering and cotton is shedding young fruit profusely.
The thermometer has averaged 86, the highest being 102 and
the lowest 71.
Weatherford, Texas.—It has been ehowry on two days of
the week, the rainfall reaching fifty hundredths of an inch ;
crops are good.
The thermometer has ranged from 68 to 102,
averaging 83.
Ne't Orl-ans, Louisiana —Rain has fallen on six days of
the week, the rainfall reaching five inches and thirteen hun¬
dredths. The thermometer has averaged 82.
Shreveport, Louisiana.—Rainfall for the week forty-nine
hundiedths of an inch. Average thermometer 83, highest
101 and lowest 73.
Columbus, Mississippi.—It has rained on three days of the
week, the rainfall reaching one i< ch and sixty-one hun¬
dredths. Twob.les of new cotton were received on August
10.
Caterpillars are reported to be spre ding in black lands,
but no serious damage is noted as yet.
The tnermometer has
aveiaged 79, the highest b ing 94 and the lowest 64.
/ el nut,
Mississippi.—Rainfall for the week one inch and
eighty sev^n hundredths. The thermometer has averaged
79 1, ranging from 70 to 94.
<Greenville, Mississippi.—Rainfall for the week one inch
and eighty three hundredths. The first new bale was received
on Thursday,
being four days ahead of any previous year.
Worms are sai l to be plentiful. Average th* rmometer 84,
highest 94 and lowest 74.
(lurksdale, Mississippi.—Teh gram not received.
Vicksburg, Missisippi.—It has been showery on three
da> s of the wt ek, the lainfali reaching one inch and ten hun¬
dredths. The thermometer has averaged 80, ranging from 62
to
1880-87.
217
103.
Cluster, Mississippi —Telegram not received.
Nashville. Tennessee.—Ttieie has been rain on two days of
the week, the rainfall leaching seventy-one hun<ii>dihs of an
inch.
4 he thermometer lias ranged from 68 to 97, averaging
81.
Memphis, Tennessee.—Rain fell on Friday and
the extent of fortv-seven hundredths of an inch.
Saturday to
Crop proe-
pects are not so flattering as last week.
Theie is a general
complaint of la« k of rain. First new bale arrived heieon
August II from Mississippi. The thermometer lias averaged
81, ranging f*om 69 to 94 5.
Helena, Arkansas.— ' here have been showers on two days
of the week, the r infall reaching seventy-nine hundiedths of
an inch, aside fiom this the weathrr has been
dry and hot.
Crops are good, but would be benefitted by rain. Cotton is
opening earlier than last- year. The thermometer has averaged
82, the highest being 95 a d the lowest 74.
Mobile, Alabama —It has been showery on one day and
has rained severely on one day of the week, the rainfall reach¬
ing three inches and ten hundredths. Crop reports conflict,
hut are generally good.
There ate complaints of rust, shed¬
Average thermometer 80,
ding and worms in some sections.
highest 92 * nd lowest 71.
Montgomery, Alabama.—We had rain on five days of
the week, but the weather i as been splendid the Ins'; two days.
The raintall reached twenty nine hundredths of an inch. Iwo
bales of new cotton were re ceived on Thursday,
lliey classed
low middling, and sold at nine cents a pound.
The thermom¬
eter has averaged 79, the highest being 92 and the lowest 69.
Selma. Alabama.—Rain has fallen on two days of the week,
the riinfall reaching one in* h and forty-one humiredtns. The
thermometer has averaged 78, ranging from 70 to 84.
Auburn, Alabama.—We have had rain on three days of
the week, the rainfall reaching one inch and thirty-ihree
hundredths. There has been a very favorable change in the
weather this week.
The thermometer has ranged from 68 to
89, averaging 76*4.
Madison, Florida.—Telegram not received.
Macon, Georgia.—There has been an improvement in the
weather during the week.
R tin has fallen oil two d^ys.
i
olumbus, Georgia.—It has rain d on one day of the
week, the rainfall reaching thirty-seven hundre u hs of an
inch.
The theim >meter has averaged 79, the highest being
86 and the lowest 74.
Savannah,
week, to the
thermometer
Georgia.—Rain has fallen on two days of the
forty-eight hundredths of an iuch. The
has averaged 79, ranging from 70 to 92.
extent of
CHRONICLE. 3
f THE
218
[VOL. XLV.
Alexandria, Egypt,
1884-85.
1885-86.
1886-87.
Augusta, Georgia.—There has been rain on four days of
Aug. 10.
the week, the rainfall reaching three inches and eighty eight
(cantars*)—
hundredths.
Crop n ports are less favorable. Cotton in the Receipts This
week....
lowlands it is claimed has been totally detroyed and in the
Since Sept. 1
2,923,000
2,916.000
3,613,000
uplands rerent excessive rains have injured the plant. Rust
Since
This
This
Since j
Since
| This
and worms are appearing.
The present good weather, how¬
week. Sept. 1.
week. Sept,
! week. Sept. 1.
l.j
ever, has been very beneficial and its continuance, accom¬
(bales)—
panied by occasional showers, will bring the plant out. Yield Exports
To Liverpool
1,000 264,000
299,000
232,000^ 1.
will be large notu ithstanding.
The thermometer has ranged
To Continent
1,000 176,000| jI
1,000 152,000
203,oca
from 66 to 96, averaging 78.
so 2.oca
Total Europe
1,000 408,000; i
2,000 416,000
Atlanta, Georgia.— releg ram rot received.
A cantar is 98 lbs.
Albany, G&jrqia.—The weather has been favorable during
the week, rain having fallen on only one day, and crop ac¬
This statement shows that the receipts for the week ending
counts are better.
The rainfall reached ten hundredths of an
Aug.
10 were
cantars, and the shipments to all Europe
inch. Caterpillars are claimed to be pretty general, but no
bales,
2,000
damage ye t. The thermometer has averaged 82, the highest
Manchester Market.—Our report received by cable to-night
being 88 end the lowest, 74.
Charleston, South Carolina.—It has rained on four days fiom Manchester Btates that the market is easy for both yarns
of the week, ihe rainfall leaching one inch and twenty-nine and shirtings.
We give the prices for to-day below, and leave
hundredths. The thermometer has averaged 79, ranging from
these for previous weeks of this and last year for comparison :
*
_
G9 to 89.
Columbia, South Carolina.—Telegram not received.
1887.
1886.
Siateborg, South f arolina.— It has rained on three days of
Coti’n
Co IV n
32.9 Cop.
the week, very heavily on Sunday, when the precipitation was
325 Cop.
84j lbs.
8M lbs.
Mid.
Mid.
Twist.
Shirt nigs.
Iwist.
Shirtings.
one inch and ninety-five hundredths in forty minutes.
TJp Ids
Up Ids
The
total rainfall for the wt ek has l> en two inches and fifty hun¬
d.
s.
d.
d.
d.
d. s. d.
d.
d. s. d.
s.
d.
dredths.
A freshet in the Wateree River seriously damaged
5
S^SGlOio 57s
728 ©75s 5 7 ©6 7
July 8 '38 ®8
a8
5 S^SGIOH:
5%
15
7*8 ©7^ !5 7 ©6 7
swamp crops below Camden, but upland crojisare line. Aver¬
55ifi
>
22
10^ 5Uib 7
©7*2 5 6 © 6 6
55, e
age thermemeti r 74 9, highest 87, lowest Go.
29 7'ill 15^ 5
8
it 6 10
©7^ 5 6 ©6 6
5yp} 7
o5ie
Wilson, North Carolina.—We have had rain on three clays
5
©610
7
8
©71-o 5 6 ii 6 6
5*2
514
Aug. 5 7*4
of the week, the rainfall reaching one inch aud thirteen hun¬
7
©7
5
6
C 6
6
I*
5b2
53,fl
®715ib 5 8 ©6 10
dredths.
The thermometer has averaged 79, the highest
being 92 and the lowest 64.
The Agricultural Department's August Report.—The
The following statement we have also received by telegraph,
following statement, showing the condition of cotton, was
showing the height of the rivers at the points named at 3 o’clock issued by the Department of Agriculture on August 10 :
Aug. 11, 1887, and Aug. 12, 1880.
The
.
••
“
“
Inch.
8
Feet.
New Orleans
Memphis
Above low-water mark.
O
Above low-water mark.
6
Vick-burg
India Cotton Movement
and shipments of cotton at
1886
1885
1884|
j
_
,
.
Total.
nent.
8
I
10
-
FOR FOUR YEARS.
J
5,0; 0 2,00c! 7.000
1,000 2,'00; 3,000
! 1,000
1,0001
Receipts.
Shipments Since Jan. 1.
[Shipment* this week.
liril’n.]
8
Ports.—The receipts
from all
BOMBAY RECEIPTS AND SHIPMENTS
Teai' Great 1 Conti-
4
3
9
4
0
Bombay have been as follows for
bringing the figures down to Aug. 11.
the week and year,
1887;
o
Above low-water mark.
Above, low-water mark.
Shreveport
8
0
3
5
1
Above low-water mark.
Nashville
Inch.
7
2
Feet.
j ContiBritain; nent.
Great
Tear.
ret
4,000; 1.438,000
356.000648,000 1,<'04,000
< f the States,
but is not generally ■ mentioned in leturns. It is
orted in Orangeburg and Berkley, South Cun lin .pin Calhoun, Tay-.
lor, Doolry and Lam oil's, Geoigia, in Hale and Dallas, Al -ham«; in
Starkey; Newton, issaqu* na and Oktibbeha, MisMs»ippi; in Red River'
eral
Th is
Week.
Total.
past month has been favorable to cotton, except that rainfall has
unequally distiibmed in point ot time, drought threatening at one
period, ana damaging Hoods follow ini'. In the Eastern belt excess of
moisture predominates as a factor or depreciation. The weed is therefove large and sappy, and fruit-fall appears in some holds seriously,
and in some, cases rust appears.
In Louisiana similar conditions have
prevai’ed. and only very partially in Mississippi. Texas has been too
dry, tlioiudi t e drought lms not as yet been disastrous or severe. The
pievaient status of the crop is very good for the lirs: of August, while
lepoiMs leeogt.izc this ss a critical time, and fear the effeei of suhsequeui drought, upon the green and succulent condition of the plant,
la a comparison of ten ycj-.rs the August condition is only exce< dod by
that < f 18*2 ar>dTS83, one producing a large crop, the other an under
medium yield. The general a vet aye of condition is 93*3, which is
lower bv over three, points than that of July.
The State averages are :
Virginia 91, North Carolina 96. South Carolina 95, Georgia 94,'Florida
9d, Alabama S3, Mississippi 96, Louisiana 91, Texas SArkansas 97,
and T emu ssee 95. The lust brood of caterpillars has appeared in sev¬
been
Aug. 11, ’87. Avff. 12, ’86
30.;,000!t4f,COO 940,000 9,000,1,317,000
21 6,000; 458,00O G7 l ,000 2,0001 97S.UO
481,0001095,000 1,076,000 5,OOOj 1,528,000
show a
According to the foregoing, Bombay appears to
decrease compared with last year in the week’s receipt*'
of 5,000 bales, and a decrease in shipments of 7,000 bales,
the shipments since Jan. 1 show an increase of 58,000 bales.
The movement at Calcutta, Madras and other India ports for
Bossier,
Richland,'Natchitoches and Iberville, Loui-iana, and in Ste
The boll worm is much less fre¬
pheiis^Caiup and Jackson, Texas.
quently mentioned.
Collecting the three months’ figures of the present season,
and comparing them with
months of last season, we
the reported condition for the .same
have toe following results:
and
week and since the 1st of January,
years, has been as follows.
‘‘Other ports” cover
Tuticorin, Kurrachee and Ooconada.
the last reported
Conti¬
nent.
Total.
Great
Britain.
Stales.
Carolina
Caioliuu
Jeorgut
N.
8.
<
Total.
Continent.
Florida
CO
June.
2?
99
9s
99
98
99
97
96
93
98
99
97
99
.
M
Calcutta—
I>87
1886
Madras —
1887
1886
Ail ethers—
1887
1886
Total all—
1887
1886
1,000
......
......
......
1,000
99,000
58.000
5,000
22,000
3,000
25,000
3,000
12,000
509
12,o 00
4.000
2, COO
5,0 0
35,000
23,010
2,000
22,000
16,000
58,000
38,i 00
4,009
10.0C0
150.000
,IK o
92,000
145,000
52,500
301,000
144,500
5,000
3,000
1,0 CO
CO
0
2a 0
4,000
218,00
119,000
36,tOO
t
91,0 0
that the movement fr. m
4,000 bales more than the san e
The above tow h i-'-i the week show
V r_ bay
her tv whom of India, therefore, the toi-« 1
shipments ss.-ee .’an- r. A, A :8'7, and for the correspond in
periods of the two
years, nr? as follows:
the perte ctlu r
week last year,
rh?
<
Str’Or>rIi fa ;."F,o Ci? rtOA
It
1687.
Shipments
to all Fo rope
from—
This 1
week.
Total
Th is
week.
t,:, india.
6.
Since
Jan. 1.
This
week,
j
i
K.OOoj ovl.'-Jf
C,, 00
14 4,5
1,669
125.e-v
i ,69- >.r> >
4.6v0
7 a 9,8 00
*
Alexam>IvlA l;i vV j'I
Ar
fcrmtiiXNTfe.—1Through arrauyf
ments we have made with Messrs. D.tries, Benncii & Co,. *..?
Liverpool and Alexandria, we now receive a weekly cable * f
the movements of cotton at Alexandria, Egy pt.
The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years,
98 t!
96-7
96-31
97-;>
> *7 *
98
96
93
96
9 L
98*0
9 6‘3
9, *.q
9-
8
99
97
98-0!
98
95
96-7,
93-3
95‘71
96-9 97*0
/
97
83
82
97
gy
S' s
h«>
h'6
S3
99
8
-
91
76
81
94
w0
74
74
98
79
75
83
96
95
87-3
75*3
81-0
9 4 0
81 *3
82'0
91*3
93*7
90-3
97-3
86-1
81-3
85*4
84
97
CO
*7
)sn(i y
67
80
86
77
The
re¬
port says :—
cotton, which is two or throe weeks earlier than last
had a full bottom crop, and if the seasi n continues propithms the
1 ,rg< st crops ever produced in the state will be made.
The plant has
slu’d some fi nit on account of rams. Drou.-hr and caterpillars noted in
s me localities.
The ctop was better than for years up to the date of
On Aul'uJi 1
year,
the rep >rts.
;;3
17,0-0
96
95
94
?
correspondents covering every county in the State.
t i«>e the Memphis district, which embraces West Tennes¬
North Mississippi, North Arkansas and North Alabama,
IO'
<74
p.»vnH-
91
93
97
June.
p»i
V
South Carolina Agricultural Report.—1Tne report of
the Bouth Carolina Commissioner of Agriculture for August
1 was ir-sued on the 9th inst., and is based on 27i replies from
see,
3J00
h
Average
Since
9 4 6,06 A
,
Tennessee
Jan. 1.
7 .'-Oil
to,
i«si.<?iippi
Luiiisiitua
Tt'X.-.s
Arkansas
8J
ja
The Crop in the Memphis District.—Messrs. Hill, Fon¬
taine & Co. issued on August 8 their regular monthly crop re-
18: 5
i 1,001,009
Bombay
All other ports.
Since
| Jan. 1.
.
1886.
|
for tw©
Ceylon,
Shipments since January 1.
Shipnif nts for the tree/:.
Great
Britain.
.
1887.
ten be. S :
Tho w-ather during the month of July was
fo. c tt<*n.
ill's is emphasized by tlis splendid
in the main favorable
reports received from
Mi.-'sis-ipni arid Alabama, where crops are most promising. Complaints
a! e received from Arkansas, where drought has prevailed in some loeali; C', cud damage has been done to tho plant.
In Tennessee rain is
Imply reed d in several scctious.aud injury to both cotton and corn are
iv
puled
The outlook on the whole, however, is very satisfactory, and a yield
lwrutTv iii excess of la<t year can he confidently anticipated. The Bea¬
con is fully t.wo weeks earlier than last year aud picking,
commence'in some localities about the 20tli of August, will become
which will
general throughout the district fry September
IV.
_
.
THE CHRONICLE.
August 13, 1887. J.
The Exports
First Bales at Memphis.—Our
correspondent at Memphis
telegraphs us that the first bale of new cotton was received at
that city by Messrs. Fader, Frank & Co., on Thursday, August
11. It came from Mr. J. R. Peterson of Bolivar County,
Mississippi, classed strict low middling, and was sold by
auction at SOJJc. per pound. Another new bale arrived to¬
day (Friday),.consigned to Messrs. Hill, Fontaine & Co., by
Mr. Thomas Reedy, Aberdeen, Mississippi. This bale classed
low middling, and brought at auction fifteen cents per pound^
Last year the first new bale reached Memphis on August 18.
Exports of cotton (bales) from
New York since Sept.
Exported to—
July
July
O
21.
Liverpool
—
9,518
U
.
40
2,260
87;
41
42,700
44,253
1,574
Total French
40
2,260
87
41
42,700
45,827
225
rOO
7r 0
100
375
1,000
48,432
79,*213
77,296
33,490
500
733
Total to No. Europe..
1,233
1,550
475
3,225 204,941 177,832
3i.’n,Oi>’rto,Glbi’it’r,&c
804
50
100
1,3 0
17,136
22,173
14,445
19,539
150
1,781
39,309
33,984
801
Ac
481
9,804 10/91
11.595 13,500
This
Since
This
Since
This
Since
This
Since
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
X. Orleans..
5,497
325
Texas
Savannah
..
....
351,793
3:34,019
6,00 J
182,834
40,794
10,30!
,.859
7,750
111,312
1
Florida..
—
3o. Carolina
181
59,537
constantly have before him the data for seeing the exact relative
movement
for
the years named.
The movement since
September 1, 1SS6, and in previous years, has been as follows.
009
1,633
2 >7 155
Term..Ac—
90,302
482,772
437,727
291,992
257,099
284,516
147,595
185,523
78,504
42,299
113,573
February.
644,63F.
404,272
March
258.332
475,757
April....
89,1S6
513,393
414,656
283,645
202,866
May
47,426;
133,147
June
17,648;
84,715
35,575
11,855
14,834!
45,947
10,194
.
...
July
437,729
385,938
241,514
111,755
45,918
261,449
163,503
103,375
31,682
19,501
752,827
595,59v
853,195
974,043
996,807
63,079
36,890
202
479
“
3....
162
4G5
112
“
4....
333
559
“
5....
268
845
“
6....
7....
1,018
“
8....
“
9....
2,4G7
1,273
1,297
S.
form,
573
465
533
150
338
2,927
1,296
27
70
941
29
157
564
12,225
204
33
1,395
1,258
8.
.
8.
10...
“
11...;
472
409
149
467
“
12...
713
1,039
423
219
210
B.
1,300
2,285
1,093
1,284
2,442
217
“
924
19
127,894
ol
221/83
5,433' 1,337.453
2.459
409.113
1 .MIS
138.0 2
1.089
247,47CO
B.
916
8.
•
Thursday,
9,725
41
225
3,000
8,757
1,169
20,917
particulars of these shipments, arranged in our usual
are as
follows
New York
New Orleans...
Boston
:
....
....
....
Havre.
9,7 25
8,757
1,169
41
19,651
41
Lrc men.
225
Iteval.
Total.
I,c00
10,931
8,757
1,169
1,000
20.917
225
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Boston—For
Liverpool—Aug. 3—Steamer Pavonia, 414.
freights the past week have been
Cotton
2,014
Satur.
Mon.
as
follows
:
Tues.
Wtdues.
Thurs.
Fri.
38<*9,4
J8 0»G4
Ja^9e4
1«®9e4
711
Liverpool,steam d.
8.
Do
764
Do
€09
...c.
sail
c.
Bremen, steam..c.
329
Do
1,812
sail
c.
Hamburg, steam.c.
809
Do
5,213,448 5,310,550 4,737,349 4,808,933 5,951,176 4,666,244
Percentage of total
93-40
99*18'
port rec’pts Aug. 12
98-86
98'88
99-14,
sail—c.
....
B16
Do
This statement shows that the
sail
f
B16
*
B16
-
-
•
5ia
....
....
....
U32
H32
”32
”32
”32
....
Bia
....
....
Reval, steam
B16
'•••
....
c. 30335*
Do via Leith d.
.
....
....
Amst’d’m, steam
•
receipts since Sept. 1 up to
to-night are now 97,102 bales less than they were to the same
day of the month in 1886 and 476,099 bales more than they were
to the same day of the month in 1885,
We add to the table
tue percentages of total port receipts which had been received
to Aug. 12 in each of the years named,
sall...d.
Havre, steam
586
Total
475,138
Liverpool.
1882-81.
93
8.
l,88i
Total
The
'
2....
8.
ye:ir..
5,8301,261.513
.
Tot.J’y 31 5,204,947 5,303,007 4,723,913 4,803,977 5,936,515 4,657,377
2Gb
8.
78
Aug. 1....
539
635
1,790
“
-
Total
“
64,373
5L374
105,272
91,910
Total bales.
movement for the different years.
1882-83.
55
43,746
Liverpool, per steamers Arabic, 2,675 ....Brit¬
annic, 1,1.19 ...City of Montreal, 2,031
Finn'ssia. 9 18
Hipparchus, 750
Umbria, 71 8
Wisconsin, 1,104.
To Havre, per steamer La Gascogne, 41
To Bremen, per steamers Main, 43
Werra, 182
To Reval, per steamer Amalli, 1,000
New Orleans—To Liverpool, per steamers Actor. 1.93 7
In¬
ventor, 2,441
Jamaican, 2,15 )
We»t Indian. 2,229..
Boston—To Liverpool, per steamers Catalonia, 86
Palestine,
1,083
July 31 the receipts at the
less than in 1885-86 and
481,034 bales more than at the same time in 1884-85. By
adding to the totals to July 31 the daily receipts since that
time we shall be able to reach an exact comparison of the
1883-84.
#
New York—To
This statement shows that up to
ports this year were 93,060 bales
1884-85.
.....
•
7,015
include the manifests of all vessels cleared up to
5,204,947 5,303,007 4,723,913 4,803,977 5,936,515 1,657,377
Perc’tage of tot. port*
98*91
99 04
93*32
receipts July 31 ..!
98*45
S8-6S
1885-86.
7,922
......
•
United
reached
20,917 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
Total
1836-87.
J
•
Shipping News.—The exports of cotton trom the
States the past week, as per Latest mail returns, nave
1881.
January
•
•
4,141
This year.
345,445
359,203; 385,642
343,812
326,650
October.. l ,034,45011,055,52 1 1,090,385 1,046,092
980,584
Novemb’r 1,169,979 1,033,552 1,122,164 1,030,380 1,094,697
Decemb’r 1,161,88c: 1,069,920 1,104,211 1,059,653 1,112,5 it
57,781
21.£79
8
Foreign
Last
7
17,857
20,019
148,812
Beginning September 1.
BALTIMORE.
week.
Virginia....
Bept’mb’r
798,^51'823,218
PIIILAPKLPH’A
Boston,
New York.
Receipts
from—
North’n p’ts
429.777
67,781
76,561
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1886.
No.Carolina
18S2.
57,225
9,725 511,901 565,575
7,461
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
1883.
9,72ft 447,627:508,350
9,540
Grand Total
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of
1884.
7,461
9,518
Total Spain,
lb., and 7)4^71^0. for standard grades. Butts
are lirmly held for spot lots and dealers are quoting 2}£@2}±c>.
for paper grades and 2}£@2%c» for bagging qualities; but
buyers are holding elf for lower figures, aiid not much trade
is being done.
1885.
Sept. 1.
9,540
All other
f°r 2
|
li.
Havre
Ocher Freuoh ports
Hamburg
Other ports
Jute Butts, Bagging, &c.—There has been a steady mar¬
ket for bagging and small orders are coming quite freely.
Sellers are asking 534@6c. for l}4 lb., 0)4(a)6*-£c. for la(lb.,
1886.
Aug
Bremen
re¬
year.
A ug.
4.
64,274
TotaltoGt. Britain..
during the week in nearly fill the cotton-growing districts, and crop
prospects are decidedly promising. Reports from tlie Berars and most
of the other Oomra districts are very satisfactory.
Accounts from
Broach are also good, while in the Dhollera districts timely rain has
-at last admitted of sowing being pushed on vigorously.
Year
Same
period
prevVus
Total
since
Other British ports
The total stocks of cotton now in Bombay are estimated at about 250,000 bales; of this the mills hold probably about 100,000 ba es, which
is eiiual to about three months’ consumption, leaving for export and
tlie millT later ieqtiLemcnts 150,000 bales. Abundant rain has fallen
Monthly
Receipts.
an
1,1886.
Week ending—
Tlie monsoon continues favorable. About forty inches of rain liavo
been registered to date in Bombay, and satisfactory reports have been
received from tiie Kuiandeisli, Oomrawutioo and Broach districts,
where the sowings have been completed under favorable conditions.
In parts of Rijp.iotana and the Northwest Provinces rain was holding
off, but latest telegrams report that rain has fallen, though the crops
there must make a latojstait.
following is from Messrs. Galduin, Bythell & Co.'s
port of like date :
Cotton from New York this week show
bales, against 9,804 bales last week. Below we give our usual
table, showing the exports of cotton from New York, and the
direction, for each of the last four weeks: also the total exports
and directions since September 1, 1885, and in the last column
the total for the same period of the previous year.
Bombay Company’s (limited)
report of date July 5 we have the following :
The
of
increase compared with last week, the total reaching 10,991
East India Crop.—From the
cotton
2L9
....
B16
....
30® 35*
....
....
B16
....
....
516
....
30035* 30035*
....
....
wmmm
Bl«
•
kkl
”32
....
Bio
Bia
....
30035* 30035*
•
m
mm
d. 11f4^316 11e4®3io ne4®316 11f4®SJ6 ”e4®316 ”64®3l&
d.
....
....
....
....
....
Barcelona, steamd.
1364
13C4
13«4
13.4
1364
1S64
Genoa,steam....d. B32®316 532®316 B32 ®316 532®3ie 532®S16 B32®sifl
Trieste, steam...d.
:564
1B64
1564
”.4
1B64
1B64
Ao*\verp, steam.d. 764®
7S4®18 704®^
7e4®
764®18
i
*
Per 100 .lbs,
CHRONICLE
THE
220
Liverpool.—By cable from Liverpool
We
sales, stocks, &c., at that port.
add previous weeks for comparison.
July 22.
bales
Sales of the week
Of which exporters took
Of which speculators took
July 29.
70,000
2,000
50,000
5,« 00
1.4 no
59.000
1.00-
44.000
2,000
Bales American
Actual expert
Forwarded
7,000
5.000
631.000
3~6.OO0
351,000
52 < OO
21,000
6.9,00 1
25.000
88,000
98,000
14.000
8.0' 0
9 000
17,000
25,000
34,000
Of which American
Saturday] Monday.
Market, )
12:30
p.m.
Wednes.
In buyers’
favor.
Steady.
Quiet.
(
Tuesday.
Mid. Orl’ns
4cm
Mid. Bales
.£
5%
5%
5%
5%
Indian
4" Ȥ 00
8,000
7,000
500
500
Quiet.
Steady.
Bpee. <fecxp.
..
\
5%
\C
Market.
4 P
M.
Quiet.
Easy.
Fine.
2-64 de¬
cline.
Hat., A
UR.
Mon., A UR. 8
take into account
d.
d.
d.
d.
....
5 28
5 28
5 26
5 28
Anu.-eept..
August
5 26
5 20
5 26
5
September. 5 26
Sept.-Oct... 5 15
5 20
5 20
5 -/6
5 15
5 15
5 15
5 OH
5 08
5 0-4
5 08
5 0«
5 00
5 00
5 06
Oct.-Nnv.
Nov.-Dec
Deo. .Ian
Jan.-Feb
..
.
26
...
5 OH
5 00
5 00
5 00
...
5 00
5 00
5 00
5 00
5 07
5 07
5 07
5 07
Feb.-Mai ch
Wednes., A
hr.
d.
'5 29
j 5 27
d.
5 27
«i
5 63
UR.
d.
d.
d.
5 27
5 24
5 27
5 24
5 25
5 25
ft 21
5 24
ft
52.
5 25
5 v2
5 2
5 2'
5 21
5 10
5 10
5 ift
5 15
5 13
5 14
5 13
5 1i
i 5 10
! 5 07
5 10
5 08
5 08
5 06
^
5 06 !
5 07
ft 07
5 10
5 06
5 04
5 05
ft 04
f 05
j: 6 07
5 07
5 05
5 05
5 03
ft
04
ft
03
ft 04
5 07
ft 0?
5 05
03
ft
04
ft ot
ft 04
5 08
5 08
5 06
5 05
ft 04
5 05
!
1
|
50,
j
Thurs., A UR, 11.
I
5 01
8eptembr*i delivery
....
d.
d.
d.
d.
5 20
5 29
5 28
5 28
1
d-
'
07
22
Fri.,; A hr. 1 2.
weight.
L'ne following
Fine
~
d.
5 <10
22
ft
2'
5 22
5 22
5 22
5 2-'
o,
22
5 2
'
0
22
5 ^2
5 12
5
2
ft 12
|
ft 12
5 12
5 1 i
|
I 3 1*
| ; 5 06 I
5 00
ft 06
5 06
|
ft 06
ft 06
ft 04
5 < 3
ft 04
1
5 05
5 04
gept.-< *ct.
5 10
5 1(5
5 15
5 15
Oct.-Nnv...
5 06
f- 0>*
5(0
5 09
Nov.-Dec...
5 iH
5 Oe
5'0
50.1 |
5 • 3
Deo.-Jan
f
5 05
5 05
5 05 j
5 0i
5 0
>
5 05
5 05
5 06
5 06
5 00
Feb.-Murch 5 Oe
d.
ft 25
ft 22
5 25
05
d.
5 25
5 22
5 25
5 v5
j !r* 22
!i
r>
|
5 12
'
;
5 02
|
j
i5
5 02
i
ft
j
.
otii duii
are
inipy’gextras.
r
i
iirtii extras.
atra’t.
at
the
5 00
ft
06
5 04
5
■
4
5
*
3
5 02
03
1
5 03
5 03
5
5 4 2
08
J j ft Oh
5 03
ft 03
5 03
5 Ui
5 00
501
5 04
5 04
5
business for export was more
utder the
v\
heat
were
most in
premium over lots made from
thote from
3
spring No. 2......
:ied viiiur, So. J
VeU
in
C >rn-West, mixed
test, mix
No. 2
Went, wiille
'
improved.
The
Invoices of fresh
edo w
movement
was
*4
53
52
53%
55%
52%
54%
Fri49
50%
50%
53%
2 OATS.
8 a.
M
*?».
Tues.
Wed.
Thurs.
Fri.
31
31%
31%
31%
32%
31%
33
32 \
3 j%
31%
31%
32%
%
31%
31 %
32ia
3 i
32%
33*4
31%
33%
33%
:—
S -'ith’n com. extras
8 mtneru
•<
3 10
.> 15
4 2b
3 25
a
3 20
4 25
4 70
3 2j
2 O • »
>
n
j*mily tirdK
R
flout
Fine
-e
C
,
i'ju
uio
J
V
j
I
$ bbl
auporilue..
,
25a>$3 40
3 S'l®
2 65 ft
2 9J
2 2 oa
2
25
4
35
-
,uo
...
....
Brandywine
2 40 ft
2 700
2 70
2 75
72
78
ft
(t>
70
c
74
76
’4 7
a
l
and
river
live
movement
J
24.
n-
''
7
&
Pa., $1 bnsli. 52
>ai»—*4ixeU
ft
ft
81
j-2
82
50
5-
a
4 ■ %
54
50
ft
52
ft
ft
scare
*
.........
vVlme
rio. 2 mixed
8<>. 2 wiur.A
iarley—Canada
0
54
30
ft
34 bi ft
3. hi ft
o4
.->5%d>
37
.
of breadstutts
to
maraet
a
....
....
ft
hair—Slate, 6-ro ved.
Stale, 2-rowed....
Canada...
PeuM—Canada.....
.
77
67
85
65
82
ft
72
01 oO
ft
66
'ft
indicated
is
<2*4
ft
..
Two-rowed Slate
Si K-rowiMt State.
40
in
tee
prepared by us from trie figures of one New
hixenauge We first give one receipts at Western
Produce
<r&.
k«-
81*2
below,
Hiemerite
porta, a r divert
for the week
CHf.n 4
»•
Receipts at
»f die lH8l
new wheat, as v\ell as
over
j
Ftoar.
so
as
to
proe^m tbe compara-
ending Aug. 6, 18b7, and
criroe
115.598
kf tl
whiikuh..
52.860
.
j
ft, 33
To-day the maikei
3, IS?
>Ht 1 ••It
dull and weak for both s^ots
ami
i.outM.
a.
3 9 76'
...
21.7*8
.
since
v«ar8.
"mun...
•aiue
1H
1
H
:* k
.
.
1,02.3,441
Burley. i
£ty.
1,208.947
41,492
4.025
* >■ f
18,794
5.280
146.6 70
7.2 jO
52.950
62 ,133
2.7 67
5l 124
1..1O6
7,74<)
06,414
61.621
5,210
29.1,8.'0
345,200
1,200
5.472
88,200
4,200
10,4 >0
0
Si
77.500
7.150
13
.
5.505^
9,446
234.558
2,903.684
1,270,046
2,08 1,059
56,127
49.452
170,>*'i9
3,' <63,191
1,246, >86
1,721.66 d
1,995.500
102,134
1,061,6 i9
567,055
142,13*
15,634
49,452
195,897
99.949
38,677
l
2
3
,247j
.5, 3
.
19.1,71 4|
From
j
Bu*r1.1VJ lbs Bush.48 lb- Bush.5
2j 7.24 7
»K.\j
1- 7*
Gan1.
n.-
3 6.525
1,094 49;
51,998
.
’> <
wk.’m
>W
*
Corn.
1
1.8 .'5
*e< »riu
rou
IF OeitL.
Boeit1.00 lb- B>tHii.fto
JJblM
brought
revival of export demand trom the Continent.
To-day ti.o maiket
52
51%
5.%
4y%
5t %
51 %
* was
.
y
.
Y
prices, but
gained strength and made some improve¬
ment in values during the first half of the week.
The vi-ible
supply did not gain so much as was expected, and there wa
natural sympathy with the quick advuice in corn, though it
was not pretended that wheat had b eu seriously
injured. On
Wednesday, however, the Buretu report was bet er tuan na
been expected, and not only checked the advance, but oms. u
on
Thursday morning some decline, wnicu was piriiath
future;.
winter
.
s
The wheat market
the
51%
51%
5i %
5 j %
Thurs.
riyo—
llevHlimd
on
56 %
5t %
4 2o 3 00 d
Dtisa.
,.ig,per
*
4
v
is dull.
recovered
nil
W’lieat-
The
request, and
spiing grinding of old wheat.
5 1 *a
2 bon
^ 8'-wi
White our.nern..
Vi 11 w Southern.
liberal, and the local trad
necessity of replenishing stocks.
ground from old
some
further de line
the demand materially
reduction
50%
Wed.
5 1%
GRAIN
Friday, P. M., August 12. 1887.
some
49 *4
49%
5i %
the closing quotations
3 0
XXX.
v
Patents
SREADSTUFFS.
The flour market shows
■Tues.
48%
d.
OS
5<;4|
reasonable
2 MIXED CORN.
Mon.
....
..
Mum
5 25
5 00
1
no
drought- (at the critical
Sat.
f* bDl. #2 10 o $2 *T>
—
Spring
\\ i
25
22 ! ft 22
5 25
5 20
5 05
d.
d.
ft
5 26
..
d.
ft v2
f. 20
Jan -Fell.
|
be
can
KUIUU,
Low. Clos.
Open High
5 24
September. 5 20
Aug.-Sept..
|
5 ‘4
There
Rye is null and nomiual,
Bailey has not opened for the
season, hue views are rather stiouger than last seasun.
The
Ca a iian crop is said to be of good color, but deficient in
Superfine
■
25
|
speculative demand for future
47%
31
62
October delivery
November ueuvery
Soutueru seiners......
August
....
change, but the fluctuations
gtmraly toward better prices. The staple would
naturally sympathise w th corn, but there is no doubt a good
crop has been grown.
To-day the market was dull and
mixed grades easier.
Win ter <X
■
....
«...
were
l
Open High Low. Cl ns. | Open High Low. Clos.
90%
90%
84%
O t i have been without decided
d.
5 27
505j
9018
9o%
85%
90%
severe
4p%
4s %
....
9.
5 27
i
86
DAILY CLOSING PRICES OF NO.
ft 24
ft
8558
9< • %
part
....
meant
d.
j
85%
84%
8550
9u%
active
the
cai.y.
Open High Low. Cits.
|
84%
81%
materially checked the bu'iness in corn on the spot.
To-day the market was dull and easier; N \ 2 mixed on the
spot sold at 48^4(S49c. in itore and 49%c afloat.
Quiet and
5 27
'
83
84%
DAILY CLOSING PRICES OF NO.
5 27
!
10
d.
5 29
83
Wednesday earned heavy selling to real¬
of the advance was lost. The higher
on
a
N
Tues., A
Open High LmiT. Clos.
Open High Low. Clos.
8 '*4
paces
1-6Id.
0.
83
Wednesday’s t u-inebs,
Steady.
Steady.
given in pence and Ghths, thus:
means 6
80%
8150
8'*%
81%
close of
copi< us rains
ize, under which
Otherwise stated.
are
82%
84*8
Fri.
80
and there was a sharp daily advance down to the
but
highest, lowest and closing prices of futures at
Liverpool for each day of the we k are given below. Thes
prices are on the basis of Uplands, Low Middling clause, unle^ e
PF* The prices
815a
Thurs.
80
stage of the season) which followed the date of forwarding the
information on which it was based, and it had little effect;
The opening,
5 6£-64d., and 6 01
813s
an
Quiet at
Easy.
80*8
8-'%
delivery,
not
8.000
500
1,000
cline.
80
7p%
8G%
of the country there is promise of an increased yiel I, but
enough to prevent a deficiency in the aggregate out-turn.
The Bureau report was fairly favorable, but of course it could
5 8}
5%
10.000
at
1-64 de¬
Steady.
7?%
parts
Friday.
5%
Steady
\
78%
7 *2
803*
82*6
895s
Futures.
Market,
12:30 p.m.
Wed.
90
with
corn met
Tues.
833s
..
WHEAT.
Mon.
doubt that the crop in the great corn-growing section of the
Mississippi Valley has suffered much from drought. In other
Moderate In buyers’
demand.
favor.
5%
5%
12.000
2,000
,
.
■
Upl’ds
..
WINTER
RED
Nat.
not
Thursd’y.
Steady.
...
,
...
The lone of the Liverpool market for spots and futures each
day of the week ending Aug. 12 and the daily closing prices
of spot cotton, have been as follows :
Spot.
..
...
5 0« >0
1,4*0 *
63« 000
32.000
9.000
delivery....
53,000
42,000
3,00 *
5,000
9,000
677,000
40\OO0
8 vitember
34 000
5 000
41,000
10.000
5,0
704,«00
438,000
20,ouo
0,000
Total etoeU—Estimated
Of which American - Estim’d
Total import of the week
Of which American
Amount afloat
„
.
Aug. 12.
Aug. 5.
l
..
DAILY CLOSING PRICES OP NO. 2
we iiave cue foiluwiu*
statement of the week’s
(VOL. XLV,
2.903.(WO
1,37 *.04-
2,080,059
56,127
7,129,005
2,6 26,05.1
3.20 <,225
3,450.0 41
2,6 3.395
l,7al,75l
196,759
29,57!
75,523
August 1.
Tlie comparative
shipments of flour and grain from the
1887, inclusive, for four
ports from Jan. 1 to Aug. 6,
snow as fellows?
same
years
THK CHKON KJLJb',
August 13, 1887. J
*1887.
1886.
1885.
1884.
Flour
bbls.
7,860,055
6,2 L4,482
6,915,267
6,436,144
Wheat
bush.
48,583,978
37,687,051
28,311,642
3,461,893
519,890
30,031,131
49,301,339
27,791.379
4,464,887
912,636
26.38S.880
59,612,968
28,919,518
2,666.u66
1,062,464
31.040,5 22
2^,623,797
118,564,454
113,000,772
118,649,896
120,804,672
Corn
Oats
Barley
Rye
Total grain
*
....
The visible supply of grain,
comprising the stocks in granavy
principal points of accumulation at lake and seaboaid
ports, and in transit by water, August 6, 1887
at the
•
•
54.046.19L
the rail
are
ports for four
Week
Flour..„
bbls.
Wheat
.......bush,
Corn
Oats
Barley
Rye
Total
Aug. 6
Aug. 7.
132,454
96,972
1885.
Week
A ug. 8
119,393
240,092
226,635
.1,083,485
203.575
155,766
311,842
1,119,733
682.250
10,309
8,931
15,192
10,683
5,551
6,340
....1,448,753
Aug. 9.
68.193
1,589,275
*
166,277
1,161,749
347,552
609,102
6,827
16,340
Wheat,
bush.
2,338,342
July30/87 300,968
July 23/87 320.147
Julyl6,’87 316,681
2.646,077
3,357,485
2,477,528
Tot., 4 w.1,226,618 10,819,432
4w’ks’86.
889,151
5.659.476
Corn,
Oats,
bush.
Barley,
bush.
bush.
Indianapolis
10,309
25,931
9,969
15,134
28,909
27,836
3,908,314 4.727.998
6.735,538 3,375,607
38,837
43,814
4,854
13,705
Wheal,
bbls.
60,780
10,326
12,016
151,440
546,638
bush.
112,636
44,915
23,968
724,061
68,868
30,898
950,694
1,17 b
21,637
27,014
182,235
5,394
8,284
121,476 1,361,638
.....
Boston
Montreal
Philadelphia...
Baltimore
Biohmond
Blew OrleanB...
333,278
7,811,318
2,115,113
1,083,110
1,899,612
1,221,664
471
368,878
....
20,50 J
52,50025,689
1,1S6
843,156
59,730
13,230
10,309
17,762
1938
•
.
•
•
•
*•mm mm
1,000
36,000
423,76 4
18,797
1,826
29,723
64,950
28,500
15,000
62,a62
3 ,332
23,709
239,363
663
4,000
8,000
2,044
29,000
168,184
12,253
5,544
32,032
3,100
2,692
14,000
94,777
15,682
181
110,200
53,500
233,349
00,800
17,OCO
•
mm-
•
•
25,000
184,252
3,240.925
•
57,000
1.325,993
....
mmmm
106,677
23,000
77,400
146,420
22,500
24,000
216,450
.
•
7,000
37,591
1,296,637
1,175.434
.
.
6,85©
13.000
94,142
40,000
.
•
Barley
bush
26,579
14,802
3,025
45.000
176.851
126,000
61-5,650
.
.
•
145,000
151.200
194.200
637.332
1,792,544
2,t8u,000
.
390,100
Tot. Aug. 6/37. 33/ 91,097
Tot. July 30/87. 33,132,228
Tot. Aug. 7/86. 36,752,874
Tot. Aug.
8/85 139,146,239
Tot, Aug. 9/841 16,543,852
97,810
48,488
•
Bye,
bush.
mmm
•
7,309,148 2,868,400
8,695.346 2,021,231
4,560,722 2,386,298
4,171,812 1,668,468
m
m m
•»
mm
125,923
128,214
252,884
105,766
180,61*
305,411
268,453
7,542,466 2,084,080
m
420,847
176,035
211,546
*
Oom,
bush.
1,805,446
.
Minneapolis
August 6, 1^87, follow:
Flour,
At—
Nov* xork
41.200
..
8t. Paul
On Mississippi ..
On lakes
On canal & river
The receipts of flour and grain at the seaboard
ports for the
week endeu
234,200
3,929,043
89,300
.
...
Rye,
bush.
1,622,897
496.249
40,000
Kansas City.....
Baltimore
bush.
834,526 1,336.822
1,052.942 1.294,525
790,001 1,240,674
1,230,345
855,977
.
Peoria
1.3S0.437
Oats,
bush.
3,116.456
Oswego
Philadelphia
The rail and lake shipments from same ports for last four
weeks were:
Week
Flour,
ending—
bbls.
Aug. 6.’87 288,322
.
8t. Louis
Do afloat
Cincinnati
Boston
Toronto
Montreal
400,616
,
.
Do
afloat
Milwaukee
Duluth
Toledo
Detroit
1884.
Week
Corn,
23,500
.
Ohioago
years
1886.
Week
.
Baffalo
Do afloat
shipments from Western lake and rivtr
1887.
bush
Albany
From January 1.
Below
Wheat,
In store at—
New York
Do afloat
2,752,391
3,342,171
Oats,
Barley.
bush.
Last week’s stocks; this week's not received,
t Minneapolis and St. Paul not included.
Ryi.
bush,
bush.
535,600
163,066
646
500
14,537
80,486
of
too
44,635
cereal crops was
6,090
7,416
31,537
Agricultural Department August Report.—The report
the Department of Agriculture for August 1 respecting
issued
August 10,
on
as
follows:
180
The prospect a month ago was for a very
heavy eiop of corn and ^
14,237
rate of yield about the average.
Its condition in all the States of the
Atlantic Coast is now unimpaired and of very high promise. In Texas
Total week... 296,8"8 3,943,720
240,332
877,277
600
7,416 and Tennessee the condition has declined materially. In the central
Cor. week ’86.. 271,088 3,323,104
847,505
426,937
2,520 27,214 corn region, however, iu the valleys of the Ohio and
Missouri, where
The total receipts at the same ports for the period from Jan. two-thirds of the crop is grown and the tommcrcial supply is procured,
a very heavy reduction
has taken place, which has made the national
1 to August 6, 1887, compare as follows for four
years:
average 8CP5 instead of 97*7 last month.
The cause is long-continued
*1887.
1886.
1885.
drought, which lias been severest in Kausas, Illinois, Indiana, Ohio and.
1934
Flour
bbls.
8,441,013
7,312,570
8,327,387
7,5 05,045 Michigan. Nebraska has been scorched on the southern border, and
Iowa and Missouri have escaped with
comparatively light loss, as have
the more Northern States.
The seven corn surplus*Slates stand as fol¬
Corn
30,700.473 54.890,631
lows:
Ohio.
57,169.266
82;
Indiana
61; Illinois, 65; Iowa, 90; Missouri, 80; Kan
31,83 7,314
Oats
19,538,680 20,733.331
21.548.854
sas, 60: Nebraska, 75.
17,283 826
Barley
2,216,065
2,397,858
The
condition
of
2,308,961
2,415!344
spring wheat, ropoi ted very low last month fron.
Rye
572,463
346,737
ravages of chinch bugs, is not improved in the August returns, hut liae
668,607
3,151,662
fallen ott’ very slightly, the general average
being 76*8, two points less
Total grain—
107,010,506 104,836,137 107,424,760
than tho August icterus of last
85,701,7^.9
year. Dakota has made a slight gain,
and
stands highest in condition. Tho
*
average for Wisconsin is 73;
From January 1.
Minnesota. 74 ; Towa, 72; Nebraska, 77 ; Dakota, 88. In the extreme
east
and on the Pacific coast the condition of
The exports from the several seaboard
spring wheat is high.
ports for the week There is no report of winter wheat the
present month, as it is too early
ending Aug. G, 1887, are shown in the annexed statement:
to obtain results of
tlueshing.
In the oats crop there is no
change. A part of the breadth was har¬
Exports
vested at the last report.
Wheat.
Corn.
Flour.
Condition averages 85*6, which indicates*
Oats.
from Rye.
Peas.
crop slightly under average.
The barley cron promises to yield rather better than was feared last
Bush.
Bush.
Bbls.
Bush.
Bush.
Bush.
month.
The Eastern product averages#igher
New York 1,346,277
condition, but is reduced
249,369
84.558
2,754
4,932 slightly since the last report. The average is 86-2,
Liston...
119,510
8,050
indicating nearly.ar
11,055
average
yield,
N. News..
136.555
2,500
The
buckwheat
area
appears to be practically the same as last year
Montreal.
296,569
22,701
4 J 73
4:3,543 and averages about 93 in condition.
Philadel.
190.836
20,571
There
is
a
great reduction since tlie first of July in the condition*^
Baltim’ri
673,362
17,142
95.533
N. Orl’ns.
67,633
Tot. w’k
8’me time
1886.
The
..
2,437
2,830,742| 455,014
239.355
2,754
4,173
54,525
1,773,567!
135.484
23,769
4,836
77,642
5! 8,316
destination of
the exports is as below.
corresponding period of last
Flour.
1887.
Week.
to—
Aug.
Un.King.
Contin’nt
B.AC.Am
W. Indies
Brit, col’s
Oth.o’n’ts
Total...
1
Week,
6.
Aug.
7.
1887.
Week.
Bbls.
Bbls.
97,557 1,801.478
2,250 1,029,009
15,705
255
11,466
7,997
15,901
7.
Bush.
937,176
836,391
135.484 2,830,742 1,773,567
1887.
Week,
Aug. 6.
1886
Week,
7.
Aug.
Bush.
304,946
Bu«h.
416.562
73,189
57,352
105,846
3 ■',493
5,037
7,798
742
2,090
1,415
455,014
558,316
By adding this week’s movement to our previous totals we
have the following statement of exports
this season and last
season:
Flour.
Wheat.
Un.Kingdom
6,342.204
Continent...
517,183
8. AC. Am...
1,015,263
West Indies.
763,219
496,657
33,-48
Brit.CoI’nles
Oth. conntr’s
Total
9,173.379
Bbls.
4,596,695
187,266
802,279
829,765
531,358
31,836
6,979,468
Bushi
Bush.
Bush.
Bush.
20.455,472
15,536,800
10,813
39,090,823
17,421,300
1,211,705
5,194
83,833,071
10,228,979
753,027
519,068
13
35,449
144,746
64,080
59,324
355,118
80,959
73,340
81,246,662
36,( 78,378
35,289,518
58.233 250
■
44,477.528
36,573,38o
47,922
S,C81
whole the dry-'goods trade
Aug. 12,188U.
only moderate tiat
was
are
unchanged.
Wholesale buyers have “ stocked up ” so
freely with fall
goods since last May that their supplies on hand and outstand¬
ing orders
some
to
are
their
renew
circles
was a
ample for the
little time will
was
pursuance of current
trade, and
probably elapse before they are compelled
assortments.
New
business in commission
consequently light during the week, though there
fair re-order demand from
which, coupled with deliveries
tions, reached
trade has
Corn
Sept. 1,’S6, Sept. 1, ’85, Sept. 1 fm. Sept. 1, ’85, Sept. 1. ’86,
Sept. 1, ’85,
to Aug.
to Aug.
In Aug.
to Aug.
to Aug.
to Aug.
6, 1887.
7, 1886.
0, 1887.
7, 1886.
6, 1887.
7, 1886
Bbls.
York, Friday, P. M.,
past week, and the main features of the market
50
609
1,S64
239,3;!i5
Bush.
a
Corn.
A ug.
Aug. 6.
GOODS TRADE.
New
As
1886.
Week.
59,402
17,036
32,508
12,54 4
DRY
for comparison.
year
Wheat.
1986.
THE
We add me
Exports
for week
potatoes, almost entirely the result of drought. There is no material
decline on the Atlantic or Gulf Coast, but the
injury is severe in the
West. Tlie loss during the month, as
reported, is fully 20 per cent o'
the prospective crop.
......
180,453
Norfolk..
a
a
on
few of the interior markets
account of former
considerable aggregate amount.
displayed rather
that little if any more than
transac,
The
jobbing
activity, but it is probable
average business for the time
more
an
of year was
accomplished in this department. The failure o£
Broadway jobbing house—Knisely, Todd & Co.—wae
announced, but caused no uneasiness respecting the general!
a
small
soundness of the trade.
The liabilities of
about
assets
$100,000, and their
Domestic Cotton
are
the
said to be
Goods,—The exports
are
on^r
$125,000.
of
from this port for the week ending
Aug. 9
firm
cotton
weie
gcodt
3,883 ptot
Goods—The demand for imported fabrics
was somewhat irregular, but a fair
distribution of soma
descriptions was made by importers and jobbers^ Dress goods,
silks and trimmin? velvets were more active, but velveteens
ruled quiet and unsettled.
L;nen goo is and handkerchiefs
were in better demand, and very fair orders for light-weight
clothing woolens were placed with importers. For white
goods, laces and embroideries the demand was chiefly of a
hand-to-mouth character, but a pretty good trade was done in
Foreign Dry
valued at $224,267. These shipments include 1,469 to
China, 863 to South America, 463 to the West Indies, 175
ages,
Central America, 138 to Mexico, 100 to the
East
ladies and
Since
23 to all other countries.
She 1st of January the exports aggregate 123,034 packages,
valued at $7,297,044. Of this total China has had 64 695
to
Europe, 149 to
packages, valued
For the similar
period of 1886, the exports to all ports reached 139,403 pack¬
The demand for
ages and in 1885 were 113,747 packages.
staple cotton goods at first hands was restricted in volume,
packages, valued at $3,061,964 ; and 24,629
at $1,767,711, have gone to S)uth America.
hosiery and fabric gloves.
importations of dry goods at this port for the wetk
ending Aug. 11,1887, and since Jan. 1, and the same facts for
the corresponding periods are as follows:
The
steady movement in plain and
£3
P
-
Aug. 7,
Eteldby Providence manuf’rs.
Fall River manufacturers...
Providence speculators
Outside speculators
active than
74.000
156,000
135,000
29,000
72,000
94,000
25,000
85,000
(est)
H
were
622,000
259,000
310.000
320,000
2 35,000
200,000
in fair demand, though rather
expected, while there was a steady
ginghams, cotton dress fabrics
less
business in
prices.
-
Goods.—Spring-weight clothing woolens
have met with rather more attention from clothiers on the
3pot, and some very fair orders were booked by the represent¬
atives of commission houses on the road; but buyers are still
ifautious, and disinclined to operate with their customary freedoom.
Chevicts were relatively more active than other men's
wear woolen^,
but a fair business was also done in worsted
suitiDgs and all-wool and cotton-warp cissimeres. For heavy
woolens there was a light re-assorting demand at first hands,
and moderate sa’es of cloakings were reported in somo quar¬
ters,
In Kentucky jeans there was a steady movement on
account of back orders, and fair sales of satinets were reported
by agents. Worsted and all-wool dress goo is were in fair
request, and fl innels and blankets were more active in jobbing
circle?, as were carpets, shawls and skirts, and prices remain
Domestic Woolen
firm.
EQUITABLE
Mortgage Company.
$2,000,000
...
1,000,000
DEBENTURES,
offered.
LOAN CO.,
MINNEAPOLIS.
Also,
$2,000,000.
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| Kansas City, 7th& Del.Sts.
Important Notice.
TO HOLDERS OF KANSAS REAL ESTATE
MORTGAGES:
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^financial.
Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts of mort¬
gages, Interest 6 per cent to
7 per cent, principal and inter¬
est absolutely guaranteed. Se¬
curities for guaranty held by the
American Loan & Trust Com¬
pany, of Boston, Mass.
Send for circulars to
Eastern Managers
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for Company
TIIROUfSn
TIIE SOUND AND
WESTERN FARM
MORTGAGE CO.,
RELIABLE
LAWRENCE, KAN.
Pres’t.
L. H. Perkins,
F. M. PERKINS,
Sec.
$‘250,000
Farm Loans, also the
Debentures,
based
upon its
Company’s Ten Year
paid up sapital and assets of over $050,000. No losses.
Eleven years’ experience, with absolute satisfaction
to over 1,500 investors. Send for circulars, forms and
full information, Branch offices in N. Y. City and
Paid Up Capital,
The choicest First Mortgage
Albany.
New York Office
-
-
137 Broadway.
C. C. HINE &
SON, A
7%
Company, of Em
with a paid-up capital or $000,surplus $75,000, offers first Mortgage
Loans drawing seven per cent
Also 0 per cent 1Cyear Debenture Bonds, secured by 105 per cent of first
Mortgage loans held in trust by the Mercantile
Trust Co., N. Y.
Five per cent certificates of
deposit for periods under one year. Write for full
information and references to the company at 150
900,
JIOTHING SAFER. ALWAYS PROMPTLY PAID.
SEND FOR PAMPHLET.
Vibcobcc
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90
naetsburg, Iowa,
Mortgages
A.
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The American Investment
JOS.
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Sums of $100 and Upwards
Indiana and Ohio Ronds.
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Send to HODGES & KNOX, TOPEKA, KANSAS,
}or Free Pamphlet containing the compiled Laws of
Kansas relating to Real Estate Mortgages.
In
fcOM
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to © X
^
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Suretyship.
Bonds of
NO
BUSINESS.
OTHER
The Guarantee Co.
AMERICA.
NORTH
OF
C .ah Capital
A isets and Resources over
D
iposit with Insurance
Department
*300.000
90),000
240,000
Vloe-President:
HON. JAS. FERRI1B.
Managing Director: Edward Rawlings.
President:
8IB ALEX. T. GALT.
NEW YORK OFFICE:
OFFICES,
New York, 208 Broadway I
Farm
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NO.
INVEST
GUARANTEED FARM MORTOAtxES.
Boston, 23 Court St.
O'
oc
Paid-Up Capital, NEHEK <fc CARPENTER
$200,000.
Hankers, Troy, N. Y.
Authoriz’d Capital
Rearing 0 per cent, running ten years and based
exclusively upon Western Farm Mortgages, held in
trust by the American Loan & Trust Company, of
flew York, for the benefit of tiie bondholders. Their
safety, time to run and rate of interest make them
the most desirable investment now
WESTERN
GUARANTY
,
00
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plovlgagcs*
NORTH¬
i'apiinl Subscribed
PaW iu (Cash)
to
0
to
<1 M
M
and hosiery, at unchanged
IJavm JVlortgagcs.
ij
2
•
ef
412,000
415,000
•
*0
18»4.
1885.
'
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:
»
g!
g:
=+
: : o
Aug. 9>
Aug. 8,
*
:
l
222,000 1,279,000 1,544.000
418,000
Total stock (pieces)
Printed calicoes
1886.
•
•
p
tob<
1887.
:
-
ssfila
;
g r»
s
o:
O
ca
Aug. 6,
of Print Cloths—
s
Jggfsf
2
t-t 9
previous years were as follows :
Stock
of l)ry Goods.
importations
colored cottons
m execution of back orders, and stocks are so well in hand
Shat the market retains the buoyancy of tone reported for
months past, despite the late lull in business.
Print cloths
were only in moderate demand, but prices ruled fairly steady
at 3 5-16cl,,e8S 1 per cent, for 64x64s, and 2 15-16@3c , less 1 per
sent, for 56x60s. Stocks last Saturday and for the three
but there was a
fVOL. XLV,
CHRONICLE.
THE
222
Nassau
8t.» N. Y.
A. L. ORMSBY,
Vice-President
•
Ill
BROADWAY.
D. J. TOMPKINS, Secretary.
New York Directors—Joseph W. Drexel, F. P
Oicotr, L‘'gan C. Murray, J. K. PuNford, John Paton
E. F. winamw. Kr*t»r.m» vVirrmn. W. But!
Duncan
FIDELITY
A
CASUALTY CO.
BROADWAY, NEW YORK.
Cash Capital, *250,000, Invested in U. 8. Gov’t Bonds,
*200,000 deposited with the N. Y. Ins. Dep’t, for
the protection of Policy-holders.
Assets, January 1st, 1807, *578,105.
Officials of Banks, Railroads and Express Compa¬
nies, Managers,Secretaries, and Clerks of Public Com¬
panies, inst itutions and Commercial firms, can otain
BONDS OF SURETYSHIP
from this Company at moderate charges.
The bonds of this Company are accepted by the
courts of the various States
CASUALTY DEPARTMENT.
Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, Ac., can be
obtained at head office, or of Company’s Agents.
Wm. M. Richards, Prest. Geo. F. SEWARD.V-Presfc.
John M. Crane, Sec.
Robt. J.Hellas, Asst.Sec.
Nos. 214 & 210
DIRECTORS:
A B. Hull.
Geo. S. Coe,
Alex. Mitchell,
J S. T. Stranahan, H. A. Hurlbut, A. S. Barnes,
Alex. E. Orr,
J. D. Vermilye, J.G.McCullough
G. G. Williams,
John L. Riker, Thos. S. Moore,
Geo. F. Seward,
Wm. M. Richards.
@FedFRASER