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1
romm
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
VOL.
SATURDAY, AUGUST
61.
NO.
1890.
2,
1,310.
falling off at New York of 0-7 per cent, but in the whole
country the increase reaches 5 '5 per cent, the excess outside
of New York being 15-3 per cent. The New York clearings
other than those of speculative origin exceed the like figures
Terms of Snbscriptlon— Payable in Adrance:
for last year by 7'1 per cent, being respectively 1471,183,810
$10 20
One Year (including postage)
For
and $439,839,487. Seven cities record clearings below those
do.
6 10
For Stx Months
of a year ago, but it is only at Los Angeles and Memphis that
11 50
&iropi>an Suhacription (including postage)
6 75
the percentage of loss is at all important. On the other hand
KuroiK-an Subscription Six Montlis (including postage).
£2 8s.
Annual Bubacription in London (including postage)
some large gains are exhibited, notably Buffalo, 150-8 per
£198.
do.
do.
do.
8U Mos.
cent; Tacoma, 126-4; Duluth, 808; Sioux City, 756; MilwauTbeae prices include the Investors' Supplement, of 150 pages. kee '74
and Washington 73-1 per cent. Compared with the
Issued once in two months, and furnished without extra charge to
similar week of 1888 the current aggregate records an excess
ubscrlbers of the Ciibomcle.
A file cover is furnished at 50 cents: postage on the same U 18 of about 18-5 per cent.
eenta. Volumes bound for subscribers at $1 00.
Subscriptions will be continued until definitely ordered stopped. The
Wttk £n4ing Julv 26.
Wuk End'a July 19.
publishers canuot be responsible for remittances unless
or Post Office money orders.
made by
drafts
P. Otnt.
laeo.
1890.
Terms of
AdTertisingr.
Advertisements ordered for less than one month, in the Commebcial
A Financial Chronicle, are published at 25 cents per line each inser'"Ti.
When onlers are definitely given for one month or longer, a lib'liscount is allowed, and the net price* may be obtained on applicaat the oltke. The lowest rates on permanent cards definitely or;cd for one year are 8 cents per line each Insertion, making $58 for
}ne inch space one year, Space Is measured in agate type 14 lines to
'
..,
—
the inch.
liOndon Aeenta
867,782.310
671,729,487
thara.)
bala.)
(637.808)
(838,500)
(1.027.895)
1244,^00)
Inuheli.)
(S7,:ffl4,575l
(4i«),000)
(ySCMkf
(Cotton
(Groin
Pttnkwa
(
bbt>.)
ItoBton
i'rovidence...<
IlHrtford
91,053.541
5,085,900
1,835. 1 U«
New Haven...
ElDWARDs & Smith, 1 Drapers' Gardens, E. C, will take sub Sprtngfleld....
and advertlsemeuta and supply single copies of the paper at Worcester
'<rs.
lalons
each.
ls.
New York
1.29S.H7
CLEARING HOUSE RETURNS.
hlladelphla
Seven oittee, 6 days
therolUee,
Total
Sdays
all oitiee,
6 dayi.,
Uoiaes, Iday
Total aUeltlee for week .
The
Biiltlmore
Buffalo
13,506,094
7,715,647
1»,0:14.471
l,57a,8W
WasblnKton
6Ba,'87
Syracuse
Wilmington, Del
Kocheater*
912,5110
170,663,142
+17-3
+12.2
182.680,960
+17-7
+290
76.874,629
11,68I.5S0
6.855,618
5,788,311
8,033,676
3,040,100
2,111.141
1,478.446
888,817
1,663,443
+84-0
+11-8
f49-8
+24-5
+44-9
+39-7
+10-6
the
week covered by the
We
made up by
cases estimated, as we go to press Friday night.
Below
our usual detailed figures for the previous week, that is
ring the returns for the period ending with Saturday
wn Julv 26, with the comparative totals in 1889.
;A further falling oflf in the volume of speculative transac>n3 on the Stock Exchange in
part accounts for the decline
leanngs from tlie previous week at New York- Outside of
- city also the total is less than
in the week ending Julv 19,
tliat the decrease in the
whole country reaches one hundred
11 nineteen mUlions of dollars.
At Boston stock operations
ive been shghtly heavier
than in the preceding
COM a decrease from the corresponding period of week, but
1889.
ontrasted with the corresponding week
of 1889, there is a
+29-4
13.662,269
1,379,487
547,814
394,337
+23-5
«,
382.077
892.903
City*.,
+130
—28-3
+126-4
1,060.810
1,398.949
18,019,774
1,73<,351
663,;)14
781,270
1,105,391
1,476,169
+24-8
+8'8
4-9-1
-8-8
+79-8
16,883,907
+23-4
21,187,009
+4-4
9,862,174
7.834,711
+28-6
+10-4
+21-6
—16-8
+2-9
+88-9
-83-7
-61-1
4.:i8U,379
St. .loseph.,.,
Dea Moloea..
Lincoln
Loaia
New
Orleans..,
LouisTllle
342,113
-7-0
23,164,864
+82-9
86,045,899
+17-0
19,930,718
6,120,393
7,081.088
Denver
Duluth
3,829,825
4.628.281
3,467,892
1,059,398
1,17S,93«
847,177
398,nl4
640,874
460,023
10,086,478
4,787, «98
4,636,086
4,780.024
6.176.863
2,048,161
1,583.090
787,088
868,TT8
682,660
474,139
841,488
34,602,226
Paul
3,818,^8
4,298,014
4.704,«79
6,213,116
1,916,165
1,629,424
780,835
699.977
818.309
472,779
318,386
Minneapolis..
17,082.285
4,834.648
5,984.912
+16-8
+28-8
+18-7
-17-B
+19-0
+16-1
+68-9
+24-9
+36-0
21.648.881
6,688,263
8,410,980
1,653.286
8.860.282
+21-9
+11-0
+80-8
-9-1
+18-8
•H2-7
+7-6
729^43
+82-1
-fl5-8
+53-5
-8-8
476.897
878,830
748.712
+84-1
+8B-8
+18-6
46.074.742
Memphis. ......
1,237,032,
1,487,8.'<4
Kichmond
2,600,000
840.1741
1,371,403
622,483
683.819;
429,202
690.800
818,909
2,184,000
Oalreston
Dalla*
Fort Worth...
Norfolk
I.exInKton....,
(.huttanooffa...
Birmlnffham...
NashTllla*
668,025
887,089
498,828
491,880
372,722
460,000
678,221
41,996,101
36,448,144
864,668,5101
all
York..
'Not la eluded
+ 12-2
+3-9
+50-8
+80-8
-4-38-3
—7-9
+75-«
+14-4
+>J-8
8^.011
842.422
014,168
--27-1
-6-5
+88-9
-8-9
-1*1
-T8
+880
-)-10-5
8^70,897
Total Sonthem...
New
118,657,S
-fO-8
+»7-8
19,697,251
Umaha
Outalda
+191
—1-8
+26-3
+18-5
85,589,444
Total PaoUo..
Total
+7i0
+322
+49-1
110,702,119
Portland
Los Angeles
St.
+12-:
18,75.3,889
1,SS'*.882
Total Ulddle Western
houses at noon on Saturday, and hence in Tupeka,
above the last twenty-four hours of the week have to be
Total other Western.
'11
4,216,f"
4.135.457
3,889,070
2,480,700
1,984,19a
1,162,206
821,217
1,477,674
Wichita
cannot, of SlouiClty....
e various clearing
•^
736,7011
San Frandsoo....
St.
+84-5
+38-7
+11-1
Toledo*
Lake
-1-88-8
57,520,877
9,680.300
Orand Raplda.
+00 Tacoma
+1W-5
95,710,636
Peoria
$923,060,141
1
+2-2
-1-4
74,211.790
10,799,960
7,335,597
6,4S6.S11
5.797.905
2.953,800
1,132,509
1.487.351
Per Otnt, Columbas
» 1,036, 040, 366
+73
I0a,?31,«69
Total Middle..
Chicago
Salt
+ 217
+18-4
+160-8
1,4«0,414
+111 Kansas City.,
>ove statement will be given next Saturday.
urse, furnish them to-day, bank clearings being
-+2-4
+4-1
t762,3>)6,9gg
full details of clearings for
+20-7
+18-1
+28-2
+0-1
«83S,776,438
200,263,914
'.36,389,406
712,487
513,433
80,156.136
18.806,161
14,840,888
7,675,276
1,669,088
904,817
1,018.811
1,609,469
Seattle*
«710,633,942
1,09-^.853
112,871,W«
+9-3
+22-5
16,845,693
4,130,246
i«wOtl«uia
+«-3
+2-7
+22-7
+2-7
•650,180,688
102,216,411
11.1.'!2,483
e.l.lSB.OOO
—4-S
+28-4
+13-0
+2-8
-I-4-6
-t-0-5
+9-2
+11-4
-9-8
+13-4
+23-4
+29-2
alumore
+4-1
-0-7
+1-2
65,570,800
13,177,597
11,104,691
3,076,392
908.901
677.139
926,116
$451,246,279
66,982,899
54,317,878
9,908,691
51,177,000
13,464,427
4,094,411
bloaso
(.Lonla
2,588,8J8
1.432,818
1,587.979
1.28;,888
(-87-0)
100.897,107
Indianapolis...
Mton
697.975
328.096
+230
98.4-20,490
6,i!a4,MX)
66,897,350
Cincinnati
Milwaukee....
Detroit
2.
1889.
1890.
+1-6
+14-9
+0-2
+22-8
103.646,834
Cleveland
t4S2,8»9,933
73,606,878
*9,12T,127
(-961)
89,651,673
(—40-51
(-H)6-8
(+70-5
Philadelphia
Pittabarg
The following table, made up by tele^aph, etc., indicates
hat the total bank clearings of all the clearing houses of the
Jnited States for the week ending to-day, Aug. 3, have been
1,036,040,856, against $984,638,510 last week and 1938,060,141
he corresponding week last year.
few York
(12,572,0001
(81-9A00)
(3l,2»7,926
1648,000)
6I3,03M
400,939
NEW
Wuli Ending Auo.
(-2-4)
(+12-4)
1.0«4.i!95
Portland
Lowell
VTLLUX B. DANA. iriI,I.IAin B. DANA Sc Co., Publlsbera, New Bedford..
102 William Street,
YORK.
OHM O. rtOTI).
Post Office box 958
Total New England...
ClXAKEtOB.
Bti/wmt fry Tetcj/raplL
(883,887i
(33,ii77.420.
1.053.435
1.017,061
1,021.49J
1.02D,706
1,»5I.865
1.068,9S2
650,872,573
(-880)
4,3 •"3,700
l,»<)a,276
P.OetU.
ki
933,422,783
418,876,2001
381,693,801
ala.
+5-5 1.103.811.684
+15-3.
462,438.961
+18-9
,
;
THE CHRONICLE
124
much
THE FINANCIAL SITUATION.
week
more
the
[Vol. LI.
it
is
Bank
of
England
bullion
Thig
follow.
will
anticipated
is
reported
but
a
to
private
£76,000
gained
our have
Another element of uncertainty baa affected
states that this was the result of £414,000
large export of gold, cable to us
monev market this week. The
disturbs imported (chiefly bought in the open market), and
with the prospect before us of more to follow,
£175,000 to the Argentine Eepublic and
Gold exports are of course a material exports of
all calculations.
quan- Portugal, and £163,000 sent to the interior of Great
of the
loss, even if regarded simply as a question
;
for evi- Britain. The cable reports discounts of sixty to ninety
our currency for early fall requirements,
and the open
millions of silver day bank bills in London at 4i per cent,
dently there is no gain in exchanging 5
It may be market rate at Paris is 2f per cent, at Berlin 3i per
gold.
certificates a month for 10 millions of
continue long, cent and at Frankfort 3^ per cent.
said that the flow of gold is not likely to
to
Our foreign exchange market has been firm at 4 85^
but in the meantime the loss is sufficiently large
for short, the only alterations
make an impression upon our bank reserves, while the for long and 4 89^
an advance on Thursday by the Bank of
speculation introduces reported being
titv of
uncertainties which the silver
movement with more importance than British Xorth America to 4 90 for sight and an
Hence it is that money advance by Kidder, Peabody & Co. to the same figure
the fact itself demands.
gone forward by every fast
on time is firmer this week (although a large amount on Friday. Gold has
the
invests
of currency has been paid out by the Treasury on
account of bond purchases), while on call it is easier.
The most liberal lenders for from day-to-day
money
are
As
being drawn upon
the
banks.
their
reserves are low,
steamer this week, the total
We have explained
555,829.
the market and inducing this
sequent column, and need not
since our last being 16,-
the conditions affecting
outflow of gold in a subrepeat
them
here.
The weather during most of the week has continued
for the gold exports, and
as they are
near hot and dry in nearly all parts of the country, and from
as they are liable to be further drawn upon in the
future for crop purposes, the officers prefer to keep many of the leading grain-producing sections there
their money within control, which they could not do if have come reports of damage to both corn and spring
loaned on time. Some of our largest trust companies wheat, on the strength of which sharp advances in
The
also refuse to put out their money otherwise than on prices in the grain markets have occurred.
call,
but they are companies that do not disturb call accounts are somewhat conflicting, and it is a little difthere is some material change in ficult to determine how far the reports of damage have
money except when
the market.
As
already stated, the rates for call
money
have, for
been colored for speculative
certainly less favorable than
effect.
it
The
situation
is
was a few weeks ago,
So far when however it was exceptionally promising. As far
as wheat is concerned, there would seem little doubt
been 6 and 2 per cent, the average being not over 4 per that in the northern portion of the spring-wheat belt
cent.
The banks and trust companies have loaned at 4 the yield will be better than last year, though not quite
per cent as the minimum, many, however, getting 4^ as large as it was expected to be a short time since
per cent. For time money the demand is good, and as there are not wanting districts that report the best,
the banks are as a rule not loaning on time, and as yield ever made.
As concerns corn, Kansas, and possimany of the trust companies are well loaned up, loans bly also some of the States further east, will not show
are not as easy as they were a week ago.
The supply as good a crop as last year, though the extent of the
of funds comes chiefly from a few of the trust compa- shortage will depend largely upon future weather connies and the large insurance institutions, very little for- ditions.
There are many sections where cool, wet
the reasons mentioned, been easier this week.
as represented by bankers' balances, the extremes have
money being
eign
offered.
Eates on prime securities
are 5 per cent for ninety days to four months and
5@5i
for four to six months; on good ordinary collateral rates
weather will
still prove timely.
have had further illustrations since our last of
the tendency of current railroad expenses to increase-
We
are i of 1 per cent
better and no loans on trust securi- in several instances much faster than gross earnings.
Commercial paper is in more moder- The Chicago Burlington & Quincy has issued its return
ate demand, while the supply is fair; there has been no for the month of
June, showing a gain of $56,523 iu
actual change in quotations.
gross earnings, but an augmentation in expenses ol
Very unexpectedly the Bank of England minimum $303,271, leaving a decrease
in net for the month oi
rate of discount was advanced on Thursday to
5 per $M6,748.
The Union Pacific for the same month.
cent from 4 per cent, at which it had stood since June with
an increase of 1464,675 in gross earnings, h
ties are quoted.
26.
bly
The
is
to
reason for the
draw gold
movement at this time proba- increased expenses $442,756, giving a gain in net
Bank in view of the demand only $21,919. For the half-year this company, on
to the
lor the Argentine Eepublic and to moderate
the drain
which from that and other sources is threatening
When
it.
the
financial
crisis
at
'
ai
expansion of nearly three mil-Mon dollars in gross earn
ings, has added just $58,268 to its net.
The Canadiai
Buenos
Ayres was Pacific for June increases gross $101,142 and net on
at Its height the London
markets were thrown $5,695. The Erie is in an entirely different section
into
a
semi-panicky
condition
by
reason
of the country, but though gaining $115,186 in grthe
fall
in
Argentine securities and
also
by earnings, loses $16,750 in net. The Northern Centr
the fact that the fortnightly
settlement was impend- last year in June
suffered severe loss and damage froii
ing.
Then, It will be remembered, the
open mar- the Pennsylvania floods. Yet the present year, with
ket rate of discount advanced
to and even beyond gain of
$132,299 in gross earnings, its net has improveii
the Bank minimum. At that
time there was no necesnity only
$21,952.
The Norfolk & Western, with $99,
for an advance in the rate, for
the condition of affairs 037 increase
in gi-oss, reports $33,640 increase in netj
in Buenps Ayres was such
there was no prospect
of We discussed at length last week tlve diverse and varf
gold being sent.
Then came the revolution last
ous reasons that account for this general increase i'
Saturday; this was suppressed
by Tuesday even- expenses. With
many roads, especially those in th'
ing, and
now gold ha. begun to go.
out, and West, the very low rates prevailing, which require a
!'
,
I
ACQUST
THE CHRONiPLIt
iStW.J
3,
amount
increased
of
(and
traffic
main cause
heavier
of $474,412
of gross earninfrs
get a total
tlioreforo
amount
expenses) to yield the same
the less favorable net
payment
on the Coal
gain
&
Iron
Company be added, wo
combined companies of $1,-
for the
122,148.
account it is gratifying to bo able further to
confirm our previous statements, that the rate situation
125
as before, are the
of
The Pennsylvania Railroad
results.
On
this
week made the
this
final
the debt owing the State of
Pennsylvania on account of the purchase of its main
in liquidation of
This gives the Pennsylvania of course a clear
in the West is undergoing very decided improvement. line.
Accounts in the daily papers lay so much stress on dis- title, but the matter is chiefly important because the
ugroements with regard to minor points that the very company will hereafter be relieved from the payment
substantial progress made in adjusting and restoring of the $400,000 per year which it has for so many years
rates as a whole is in great measure obscured.
This
week the restoration of east-bound tariffs from the Missouri River, which had been under discussion for
several weeks, was finally agreed upon.
There are
some
still
left
unadjusted, and such
matters
is
the magnitude
and
nature
of
the fabric
of rates that hardly a day elapses but some
break or defect is reported, the importance of which is
usually magnified for effect.
In view of what has been
accomplished, however, we think wo are warranted in
had to provide in the settlement of that obligation.
money for this purpose came
each year whether from stock or bond sales, or from
undivided earnings we do not know, but the point
Just from what fund the
—
—
mind
to bear in
is
that the policy has been to treat
it
charge against capital account and that it has not
appeared in the yearly income statements. .There has
been a charge against income, but-oaly for the interest
as a
on the debt, and not for payments of instalments of
the principal, the amount of the interest for 1889
saying that not for a very long time past has the gen- having been $50,058. The extinguishment of the debt
eral rate situation in the West been so satisfactory as it therefore affects the question of what the company may
has now become.
Reviewing the results of the last few earn for its stock only to the extent of the interest,
months, we find (1) a general restoration of passenger though on the other hand the company being now
rates; (2) an advance in rates from Cliicago to St. Paul relieved from the payments heretofore made, there
and from Chicago to Missouri River points, this advance might be a greater willingness to distribute a larger
having gone into effect yesterday, August 1, and (3) share of earnings.
the proposed advance in east-bound rates from MisThe stock market has been rather irregular this
souri River points, just agreed upon.
The latter is as week, but prices have tended downward. There has
important as either of the other two. Under it the been free selling of our securities by European holders,
rate on hogs and sheep will be raised from 13 to 25 induced by the South American troubles and the
cents, on cattle from 12^ to 22 cents, on dressed beef demand for gold; the very large engagements of gold
from 18^ to 23|, and on packing-house products from on this side for export, with the rise in the Bank of
12 to 18 cents, while lumber rates will also be put up. England rate, also served as depressing influences.
This higher basis, moreover, will apply to all points on Atchison stock has been quite weak, reports with
the Missouri River from Kansas City to Sioux City, regard to the growing corn crop in Kansas having been
inclusive.
rather less satisfactory; doubtless also the passing of
The Philadelphia & Reading June statement forms
an exception
to the rule of heavier expenses
which the
Reports of most other roads disclose, and is also distinguished for the return by the new President to the policy
of giving full results each
tions of the Railroad
month not only
Company, but
The June
Iron Company.
figures
of the opera-
also of the
Coal
&
compare with the
the dividend on St. Louis
& San
Francisco Ist pre-
The steady
ferred stock was unfavorably interpreted.
advance in
silver
—bullion
certificates selling
at 113^, against 109 at the close last
Friday
to-day
—does
not
have the stimulating effect on the general market
which had been so confidently predicted.
The progress made in the adjustment of the rate situation in
flood period last year,
and with gross earnings in- the West also exerts little influence.
expenses were reduced $157,707,
The following gives the week's movements of money to
making a gain in net of $488,063. For the Coal & and from the interior by the New York banks.
Iron Company there is a deficiency below expenses of
creased $330,356,
only $27,467, against $107,432 a year ago. President
is to be congratulated in having, as one of the
first important acts of his administration, resumed the
McLeod
Week Ending Auowt
1.
1S90.
Received by
Shipped by
N.r.Banka. H.T. Bankt.
$i,6»5,00O
300.000
Cvmaicj
Ctold
publication of full monthly accounts.
There was no
adequate reason why his predecessor should have
Net Interior
Movement,
Total gold and legal tenders
$1,832,000 Qain.
300,000
SRlHaim
$2,995,000
$2,122,000 aaln.
$873,000
With the Sub-Treasury operations and the gold
and abridged
the
original
of exports, the result is
form
return, and _Mr. McLeod
shows both shrewdness
Out of
Into
Net Change <n
And a desire to pay regard to public sentiment
Wuh Ending August 1, 1890.
curtailed
:
on
in
this
Banks.
question
of
signalizing his
furnishing
full
information,
accession
to office by retracing
important it is to have the
figures of the Coal & Iron Company is evident from the
fact that for the seven months of the fiscal year an improvement in net results is shown of $474,412— that is
the
false
the deficit
1888-9.
How
step.
is
only
$611,014,
Equally important
is
against $1,085,426 in
the item of net receipts
Company from sources other than the
operation of the railroad, which item President McLeod
for the Railroad
now
net
Without that item the increase in
of the Railroad would be $892,442 ; with it
restores.
profits
the increase
is
only $047,736.
If to the latter the snia
Banks.
Bank HoMin^r.
Basks Interior MoTeinent, as above $2,935,000 $2,l'22,000,Oain.
Snb-Treas. oper. and gold exports.. 2;<,500,000 18,300,0OO:Qain.
Total gold and legal tenders.... $i(i,4U^,000 $20,422,000 Gain. $<J,U73,0OO
Bullion holdings of European banks.
July
August 1,1889.
31, 1890.
Semkt of
Oold.
£
Xnaland
Fnace.
Silver.
£
Total.
Oold,
£
£
20,912,47i
20,912,1 7t
52,633,000 60,833,000 103,208,000
28,311,334 14,1.5.5.«88! 42,467.000
0«nnanj
An<t.-Hung'r.
Netberlands...
4,881,000 16,553.000
5,113,000 5,446.000
21,437,000
10,559,000
Kat. Belviam
2,785,000
1.393.000
4,178.000
.
Silver.
lotut
£
21,S47,e2S
21,647.(
50,627,000 60,198.000 100,725,000
44,964,000
5,4Sb,OOo'l5,923,000 21 ,354,000
29,S8SI,333'li,«et,«67
5,638.000
6,672,000
2,625,000
1,813,000
12,110,000
3.938,000
|
Tot. this week 114.9.'W.808 88.1H'3.0«S 302,821,474 115,659.961 89.000.667 204.660,628
Vn.
oroT. w'k. 115,187,791 8M,u3«,33:) 303.227.0tf- Il5,735,9»5.89,00o.il00 204.740.94S
[VOIm LI.
THE CHRONICLE.
12fi
York later in the same day at a much higher price
through
^rhe Assay Office paid $458,757
the same day by cable in Lonweek, and the than could be secured
Treasury for domestic bullion during the
our market was decidedly higher
On Thursday
following from the don.
Assistant Treasurer received the
than London, and there could be no better business at
Custom House.
the ruling rates than buying silver in London, selling
OomUKng of—
taking pay in gold at New York.
it in New York, and
Duiif.
Sitter Oet0old
DaU.
U.8.
Hence, although it cannot be claimed that the specu(Md.
Oertifle't.
Volu.
"
H5
36
9$
2»
02
36
180
526
865
76
54S
J12,900
15,300
23,G00
8,450
13.250
22,100
»4,292 877 14
28.
29.
"
" 30.
"
14
02,236
«95,600
9470.460
1640,908
432,829
758,382
927,376
666,649
867,234
JnlyZS.
" 26.
31.
ToUl.
tifleatei.
*75,250
59,890
80,360
118,050
52.710
78,200
«9,300
$64,850
lation in silver
be claimed
14,6J0
8,700
8,350
14,650
it is
is
the basis of the gold exports, it may
an aid to such a movement.
at present
Another question asked is whether the stock of
silver reported by the Stock Exchange is all the silver
now in the country? In reply we would say that silver
producers make that claim in substance, and in corrob-
assertion point to the fact that to obtain
Included in the above payments were $1,579 in silver oration of the
in the lots exported the exporter has withdrawn the
coin, chiefly standard dollars, and 13,658,156 46
It is impossible to controvert
stock.
•hecks drawn against gold deposited in the Sub- amount from that
these assertions other than by general statistics of curTreasury.
Of course if there is a combination
rent production.
TREASURY SILVER
PURCHASES AND
to put
up the price
of
silver,
every endeavor would be
much
of the floating supused to keep out of sight as
furthermore it would be a most
ply as possible; and
SILVER SPECULATION.
of the movement to withThe large export of gold, the concurrent movement helpful transaction in aid
But
little lots for export in an ostentatious way.
of silver, and the speculation in the white metal, which draw
we know of no such combination, and do not think it
has this week shown new life, have been influences
and upon stock speculation, is at all necessary to assume the existence of such a
a«ting adversely upon
money
What
for the present rise.
being claimed that the movements in the two metals combination to account
market a consumer
It is this relation Congress has done, has put into the
have some relation to each other.
the same
and not the mere export of gold that is disturbing con- of 2^ million ounces more per month than
13th of August, less
On the
servative men's minds now. Having been asked several consumer took last year.
effect,
questions with regard to these matters we answer them than two weeks hence, the new law goes into
it
here because they have a general interest.
Although it is a very unusual occurrence for gold to
—
and the Secretary has no discretion he must begin to
Hence he has already given notice that on the
buy.
be exported so late in the season as the last of July acd 13th instant he will be ready to receive offers for the
Whence can he supply his regular,
first of August, and although the outward movement sale of bullion.
with the speculation in silver, those facts do not increasing, imperative want ? The ordinary speculator
began
necessarily lead to the conclusion that the movement says, only by taking it out of the visible supply; so every
in gold is connected with the speculation in silver.
It
outsider
who can
raise
money enough
to put
up a
the argument being that with only
fallen into quite an unfavorable condition since the 6^ million ounces and a requirement of 4^ each month,
first
of
June. To be sure, it
is
customary there will be no difficulty in cornering the Treasury.
by this date to sell exchange in anticipation Besides it was the purpose of the law if not to corner
of cotton exports
and
thus
tide
over
any the market, at least to advance the price of silver
must be remembered that our foreign trade balance has margin buys
special
the
lack
of
exchange which
summer months by
reason
may
occur during materially, and it was evident at the start that price would
If
short mer- for a time be within the power of speculative control.
of the
chandise exports at that
season.
This year selling
commercial sterling in that way is discouraged,
because of the higher rates for money ruling in London and the easier market for money here. These con-
ditions
of
money
at
London
aid also in transferring capital to
silver,
and New
London. So
York
it
does
London cannot be made
to follow
the spasm will be short, for
if
soon lose gold enough to take the
our market no doubt
persisted in
life
we would
out of that spec-
ulation at least.
But our enquirer wants to know what is the real
supply, and whether there is any possibility of the
Mint securing its monthly requirement without dis-
not by any means follow that because it is unusual to
ship gold at this late date in the season, or because the turbing the markets materially.
We have gone over
gold shipments began concurrently with the specula- this branch of the subject so recently that it hardly
tion in silver, that the gold movement up to this week seems necessary to answer these matters with any great
has been in any degree dependent upon, or a result detail. One important fact, however, the world's cur-
from, the silver transactions.
rent new supply, we can perhaps give in a more useful
enough to add that there and instructive form than heretofore, by reducing all
has not been a day this week when silver at some hour our compilations to fine
ounces because in that form
of the day could not have been sold in New York and the figures can
be readily adapted to the question of
the sale covered in London at a profit. How then it purchases under
the new law and to all market
may be asked, can the exports of silver, which have quotations. Besides, we can group the returns so as
been ma<le so much of, be accounted for ? They can be not only to bring
them into a smaller space, but at
accounted for in just one way and that is that they net
the same time dividing the sources of production,
a loss on the transaction unless brokerage, insurance to
show roughly the amounts which would have a tenand interest are not allowed for and even in that case dency to flow
towards the New York and London marexports cannot be made to show a profit any day
this kets respectively under like conditions of price, &c., ft*
week without assuming that the purchase was made
at both centres.
For this purpose we shall give the
the lowest price of the day, and if so made,
it is United States product and the product of Mexico each
*l»o a fact that the silver could have been sold
in New by itself, and then the South and Central American
At
the same time,
it is
well
;
j
'
i
!
I
Adodst
THE CHRONICLE
8, 1890.1
127
keepiug a of those new countries, the foreign ciipilal which is
we shall flowing into them, the railroads which are building,
final column
If any one asserts that
use will in all cases bo drawn from the Mint reports the mines which are opening.
Although some of the Mint re- there is not to be an equal or (under the stimulus of
of the United States.
turns may be questioned, as all such figures may be, the higher price) a greater increase in production this
we believe as a comparative statement of production year than there was last year, we certainly think he
States in another separate total by
for all other countries.
itself,
The
figures
ought to furnish some facts upon which to rest an
intelligent opinion before he can expect the reading
public to follow them.
Granting, then, that there will be an increase in 1890
reduced these figures
tion.
As already stated, we have
the latter being the form in and in 1891 equal to that in 1889 (16 million ounces
to ounces from kilograms,
which they appear from year to year in the Mint each year), for with our present light we can see no
escape from that conclusion, and remembering, too, the
reports.
economies in the use of silver to which tho higher price
8ILTBR PBODOCTION OF THB WOBLD (W OUNCES).
is likely to lead, and also keeping in
mind that at the
otiitr
Total
All
South aiut
United
advanced quotation a debt due India and China can be
World.
Countries.
Cent. Amer.
Utxieo.
Stattt.
Ttar».
73,361,896 paid with less silver than it could be paid with before
8,377,801
9,133,095
1*78.. 34.960,000 20,891,000
74,363,314 the advance, does it look as if it was going to be such
9,819,807
>879.. 31,550,OJO 19,159,771 13,531,733
they show very fairly the growth in yield, and we do
not think there has been for a series of years as much
of original investigation and fact in any other compila-
9,793,323
73,107,830
a very difficult operation for the
H81.. 33.260,000 21,402,605 13,534,733 10,313,131
79,010.469
1S80.. 30,320,000
13,534,733
19,459,774
Secretary to get
the
1882.. 36,200.000
22,610,747
15,012,080
12,637,276
86,460,103
1883.. 35,730,000
22,866,967
19,948,687
10,618,002
89,163,656
1SS4.. 37,800,000
21,079,662
15,308,668
7,368,977
81,557,307
amount (30 million ounces more than in 1889) which
This inquiry,
the new law requires him to purchase?
too, is based on the supposition that there will be no
1S85.. 39,910.000
24,833,614
16,784,183
9,800,359
91,328,156
old stock marketed
1S86.. 39,410,000
25,320,221
17,936,434
10,209,132
93,105,787
1887.. 41,260,000
29,054,560
15,592,817
10,269,998
96,177,375
1888. . 45,780,000
31,993,370
18,447,846
13,848,924
110.072,140
1889. 50.000,000 42,939,156
18,447,846
14,601,669
125,988,671
under the higher prices ruling.
THB YEAR'S FOREIGN TRADE.
A careful study of the late year's foreign commerce
This statement affords a clear idea of the amount of (statistics for which have this week been furnished by
the world's current production, of the localities from the Bureau of Statistics) reveals quite a number of inwhich the production has been received, and of the teresting and noteworthy features. Enumerating only
The signjficant the more striking and important of these, we find
relative importance of those localities.
fact it brings out is that the United States and Mexico (1) merchandise imports decidedly the largest ever
have been from the first, and still are, the predominant reached in our history; (2) merchandise exports but
producers.
In 1878 the mines of these two countries, once exceeded in any previous fiscal year; (3) total
out of a total for the whole world of 7-3^ million ounces, trade 100 million dollars larger than the best prebut 17^ million ounces; and in 1889, out of ceding aggregate; (4) gross silver imports on a much
whole world of 126 million ounces, the greater scale than usual; (5) shipments of cotton, as
-iime two countries yielded 93 million ounces, or about also of petroleum, of corn, of cattle, sheep and hogs,
We do not mean that and certain items of provisions, all unprecedented in
J million ounces per month.
yielded
I
all
total for the
;
come to New York; but extent.
and a portion of the producAs to the aggregate merchandise trade, that now
tion of the South American and Central Ameri- amounts to the large sum of 1,647 million dollars.
can States would tend towards the New York market, Compared with the fiscal year preceding this is an inand with prices a very little higher here than in Lon- crease of almost 160 million dollars. The increase is
don would naturally come here. That is in part what the result both of heavier exports and of heavier iman independent silver speculation in New York will pro- ports the former recording a gain of 115|^ million dolduce and must be prepared for since to whatever extent lars and the latter a gain of
In
44J^ million dollars.
we start the current movement of silver from these out- 1883, when the previous highest point in the total trade
.ill
this
production
that this
amount
is
sure to
at least
—
;
side sources towards this centre, of course to just
we must be ready
extent
Hence,
to
that
pay for the import in gold.
was reached, the aggregate was 1,547 million dollars,
so that the improvement as compared with that year is
some of the gold now leaving 100 millions, as already stated. The total of 1,647
way and not yet arrived, or million dollars for 1890 also stands much above
-ome that has come overland which does not get into the average for the last five year's including 1890,
US
is
it is
possible that
for silver started this
our current foreign trade statement.
But we did jiot introduce the foregoing statement
because of its bearing on gold exports.
That is a
matter which time will disclose and is of no immediate
which
yet
average
arranging
only 1,455 million dollars.
results in five-year periods in
is
even
with
And
this
the
aid
worth noting that
the last five years
of the heavy movement of 1890,
importance.
Our object was first to bring into view do not show so large a commerce in value as the
the large production which lies at our very doors, and to
preceding five years that is, contrasting the five years
which Mr. Windom's offer to purchase will be addressed ending with 1890 with the five years ending with
way,
it
is
—
lud,
second, to show
has increased
and
how very
rapidly this supply
In a single year, the
closing year, there have been 16 million ounces added
to
the
this
current
was
from
is
increasing.
production.
A
But
great measure due to
Mexico.
very large part of
no evidence of progress, but rather a slight
For 1888-90 merchandise exports and
imports foot up 7,278 million dollars, or an average of
1,455J million dollars per year; for 1881-5 they were
1885 there
is
retrogression.
was
inan
The reason
7,295 millions, or 1,459 millions per year.
which apply is found not in diminished imports, for on the contrary
this
year
with equal
force
both
Mexico these have been steadily gaining year by y«ar, but in
to
and to the greater portion of Central and South
rather small exports during a good part of the last five
America.
It was due to the recent development
years.
It is to be remembered that owing to a rare
crease
in
it
facts
—
.
THE
128
fVOL.
CHIiUJNiOIJi
Lil.
there had been a great drop from the
exports from for 1885 (when
combination of favoring circumstances our
two years before), we find an increase from
Our total of
proportions.
1880 to 1885 reached exceptional
693 millions in 1887, to 734
6.35 millions in 1836 to
of 5,398 million dollars
total trade, from an aggregate
and now to
in 1888, to 745 millions in 1889,
1876-80, jumped to millions
in 1871-5 and 5,846 millions in
concerns the increase in the
789 millions in 1890. As
hardly likely,
7,295 millions in 1881-5; hence it was
figures will not be ready for
be aay late year, the detailed
could
Tiew of the changed conditions, that there
Bureau of Statistics states that it
the
In fact, with some time, but
further improvement during 1886-90.
in sugar and molasses, in coffee, in
done well in has been chiefly
the much lower values prevailing we have
India rubber and gutta percha, in cotton managgregate of 1881-5. silk, in
Bo nearly maintaining the heavy
and in vegetables and fruits, the items being
merchandise exports and im- ufactures,
The following shows the
of increase.
stated in the order of the magnitude
ports for each of the last twenty years.
classed as articles
MERCHANDISE FROM 1871 TO Only a part of these items can be
VXhOE OP IMPORTS AND EXPORTS OF
1890, INCLUSIVE.
luxury, and doubtless in considerable measure the
m
of
Ex««s of Eiportu Total Imports
UerclMndiM.
Ttar endlnsi.
Jvme S>.
Expftrts.
or Imports.
Tmportt.
Imp. 77,4f3,506
Imp. 182,417.491
and Elporti.
963,043,862
isa
B2'>.828,6S4
IMS
628,595.077
isn
612,188.210
867,4f 6,348
/mp.lll).666,28S
Exp. 18,870,698
533,005,436
Imp." 19,562,785
1,046,443,147
Imp. 380,163,312
Imp. 76,032,862
5,89,=,570,188
1874
isre
Totals yean
Average.
Ex.p. 79,ei3.4Sl
Bip. 151,152,094
1878
istr....
l,070,77a,683
1,164,616,132
1,153,659.382
1,079,714,036
1,001,125,861
1,053,798,,'I48
Ejp. 257,814,234
JExp. 264,681,638
1878
187B
1980
1,131,917,293
1,156.217,218
Exp. 167,683,912
1.503,693.404
S.SS3.808.T86
2,462.848,369
:Bxp. 920,955,387
5,S46,652,l-25
Averaxe.
676,790.751
492,569,674
Exp. 181,191,077
1,169,330,125
1881
issa
902,377,346
642,664.628
78r,548,«57
724,639,574
l,o»5,041,974
1,476,181,831
823,839,402
740.513,609
723,180,914
667,697,693
742,189,755
577,527.329
Bxp. 259,712,718
Exp. 25,902,688
Exp. 100,653,488
Exp. 72,815,918
Exp. 161,882,126
Total 5 years
1884
1885
44,088,691
1,SH,960,936
23,883,443
1,108,502,979
28,002,607
1,418,911,«21
2,730,277
1,487,533.027
68,520,301
1,84:,193,014
3,586,180,525
Exp.105,739,557
7,278,100,607
717.23«,'.05
Exp. 81,147.911
1,165,620,121
1888
1887
679.624,830
718,183,811
635,436,138
695,954,507
742,401.375
723,957,114
7J5,131,6S2
857.856,159
789,335,835
8.891.9^0.082
788.S84.'n8
18W.
Total 5 J ears
ATttrnge
'
1,319,717.081
Exp.
Exp.
Imp.
Imp.
Exp.
687,142,028
1889.
1,547,020,316
1,40»,211,302
7,205,172,507
3,335,710,138
791.802,4-4
69-2,SI9,768
1.459,034,502
While, however, considerable interest attaches to the
figures of total trade as indicating the relative activity
and extent
of our foreign
commerce
As far as the total in the late year was
the customs administrative law and other
swelled by
diminish the
special causes, the effect ought to be to
imports in the current year after the new law goes into
Bearing on that point, it is interesting to note
effect.
of prosperity.
that stocks in the bonded warehouses on July 1, 1890,
were rather above the average, amounting to $43,973,against $37,150,343 on July 1, 1889, $40,777,394
in 1888 and $35,065,851 in 1886.
As regards the exports, the effects of good crops
were never more clearly shown. The United States
7.33,
Exp. 823,752,231
Exp. 124,750,448
3,959,462,360
Average
Total 5 years
augmentation in the imports during the last few years
growing populafollows from the increasing wants of a
being stimulated of course by a period
tion, these wants
in different years,
the proportion in which exports and imports have contributed to this total is really the most important
matter, and moreover each must be considered by itself,
since the causes and influences affecting the one move-
produced last year more corn, more cotton and more
oats than ever before in its history, and the wheat
yield also did not fall much short of being the largest.
As a result, our exports, which are to so great an extent
composed of the products of the soil, improved 115
million dollars on those of the year preceding and 163
The grand total
million dollars on those of 1888.
which comes within 45
reaches 857| million dollars,
million dollars of the extraordinary exports of 1881.
The 1890 shipments of cotton, of corn, of petroleum,
of live stock,
and other items,
But
heaviest on record.
it
is
as already said, are the
cotton that makes the
most imposing exhibit, the export value of that staple
being about 251 million dollars. We should liave supposed that this was
much
the
heaviest
total
ever
ment do not always or necessarily extend to the other. reached except that the Bureau of Statistics points out
That there has been a very decided change in the rela- that in 1866 the value of the cotton shipments was
tive proportion of the two movements will appear $381,385,223.
But the latter aggregate was due to the
when we say that while the excess of merchandise extraordinarily high price prevailing for cotton at that
exports over imports for the late fiscal year was only 68^ time, as the result of the Civil War.
The' quantity
—
and at that figure was decidedly better
than the average for the last five years including 1890
in the decade preceding 1885 there were three separate
years when the balance in favor of this country was
over 250 million dollars.
Our exports, though not as
heavy as in 1881 (that exceptionally favorable year),
were yet, thanks to good crops, of very large proportions, and the change to a smaller balance is due to the
continued expansion in the imports.
million dollars
During recent months importations have been
especi-
ally heavy, partly because of anticipated
changes in
the tariff laws, but more particularly because the new
customs administrative law is to go into effect the Ist
of August, and importers desire to get their goods in
before that time.
Thus
for
June the imports were
almost 73^ million dollars, against less than
01 J million
dollars ia the corresponding period of 1839, an increase
for the month of over 14J million dollars.
This operated of course to swell the aggregate for the year, but
apart from that circumstance imports have
been growing in magnitude for a great many years past.
Not to speak of the total of only 577 million dollars
entirely
shipped in 1866 was only 650|- million pounds, while
for 1890 it was nearly four times as much, or 2,471
Since 1884 the cotton shipments have
million pounds.
been steadily rising year by year, without excei^tion,
total is decidedly the heaviest on record,
appear from the following. We also give a
column to show the petroleum shipments.
and the 1890
as will
Cottnn Exports.
rear tnding June
30.
Pound*.
Galimia.
241,078,748
808,002,594
1877...
3,214,632
3,120.478
1,445,369,130
1878...
3,391,796
1,607,533,511
1*9...
3,1«2,741
I,8.8,372,8?3
3.811,153
1,822,081,114
2,190,928,772
419.197.699
1,739.975,981
558.239,2^8
1878.
1880.
.
.
1,491,405,381
334,872,513
375,003,972
301,412,403
ItSl...
4,519,743
3,694,701
1S83...
4,'!26,808
2,288,075,082
499,7S8,?66
1884...
1,862,572,530
1,891,B59,473
608,382,988
568,106.520
1881..
3,881,233
8.869,668
4,283.723
2,058,037,441
574,65^,480
1HS7..,
4,409,579
2,169,457,330
599,651,441
1888..
4,696,017
2,2*14,120,826
578,982,398
1889.
4,872,080
8.020.013
2,38
816,669
2,471,793,858
614,511,805
I8S1...
188!..
law* Crude and
t
reflued, but
J,
Ba;,3>6,953
not including reaiduum.
Approximate.
Thus the petroleum movement has
derfully,
and
yet, as
also
illustrating the
grown won-
part played by
1
ACausT
3,
!
;
THE CHROMCLE
1890.J
12^
as compared with the year preceding, of 20^ million
it is well
though the value of the petroleum exports dollars. It may seem strange that with the better results
for 1890 at 51 J million dollars is much above the figures for 1890 wo should now be exporting gold so freely. But
for most recent years, in 1877 it happened that the ex- there is such a variety of influences that affect the gold
So, too, in current, aside from the state of the trade balance, that
ports were valued at 01} million dollars.
the case of breadstuffs, as pointed out in a special arti- very little can be predicated on the latter alone. MoreNotwithstanding the unprece- over, even an siccss of 85J millions is not sufficient to
cle two weeks ago.
dented shipments of corn, total breadstuffs exports for cover our yearly indebtedness to the outside world for
1890 are only 154 million dollars, against 270 million interest, freights, travelers' credits, &c. ; such indebted
The noss is usually figured at 120 millions a year, and we
dollars in 1881 and 288 million dollars in 1880.
reason is, lower prices for both corn and wheat, and also gave reasons last year for thinking it might be much
In view of this heavier. Of course the difference between 120 millions
greatly diminished e-xports of wheat.
annual indebtedness may be)
heavy falling off in breadstuffs exports, the fact that (or whatever the
and the 85} millions balance is probably represented
total merchandise exports come so close to the heaviest
Exports of by additional European investments here ; still, it is
ever reached is all the more gratifying.
provisions and dairy products make a much better not well to ignore the fact that even on the ordinary
comparison with the best of previous years than bread- trade conditions gold might go out as a natural operastuffs.
Some of the items of the provisions shipments, tion. Finally, though for most of the months of the
These late year the comparison of the merchandise movement
as already remarked, excel all previous record.
shipments are largely controlled by the yield of corn, with the corresponding months of the year preceding
and as the corn crop, not only last year but the year was favorable, for June, the last month, it was, owing
before, was very abundant, the cumulative effects of to the heavy merchandise imports, decidedly unfavorthat circumstance are reflected in the enlarged ship- able, there being an excess of merchandise imports in
ments of all meat products. As against 93 miUitn dol- the large sum of 22 J million dollars, against less than
lars in 1888 and 104 million dollars in 1889, the value of 13 million dollars in June of the year preceding.
provisions and dairy exports in 1890 rose to over 135 Below we give the gold and silver imports and exports
price in affecting the value of the shipments,
to note that
million dollars.
stock
live
From
Nor
is
that
all.
The shipments
— cattle, sheep and hogs —
$12,051,085, the total of the same rose
339,862 in 1889 and
to
of
for
each
$32,241,360 in 1890.
to
117,-
The
fol-
lowing gives a comparison for a serious of years of the
breadstuffs exports, the cotton exports, the petroleum
exports and the provisions exports, with columns to
show the total of these four great staples and the total
Oold.
It will
be ob-
served that of the increase of 115^ million dollars in
the late year in total merchandise exports, 7Qi million
and this would be
sheep and hogs were in-
dollars occurred iu the four staples,
9H
millions
if cattle,
iSilver.
Year
JutkSO.
Exports.
Imports.
t
Excess
of Imports or
Exports.
(
14,389.463
Exp. 40,831.308;
8,832.417 Exp. 36.171,268
Exp. 14.539,233
30,338,771
5,089,231
13,798,490
33.587.985
1878..
49,St8.7»0
1873..
44,859,715
1874..
84.042.420
19,5')3,1.T
1S.69I!,793
8,717,4':8
nxding
|
June
80.
stuffs.
Cotton.
and Dairy PetroUum
t
»
131,181.5»| I»»,859,2"t8 e2,.125,308
1 17,80l,47fl 171.118,508 llP.57tl,418
U81,T;7.«Hi 1 80,03 1, 481 184,816,137
13W
|270,S32.!119 247,094,746, 156.809.8 40
1.S84
,
1386
l!««
,
1387
1S88
l«5,7llS,862 20«.222.057j
02.783,296
jHi7,19l,6S7J 283.010,780, 93.058,080
4,125,760:
8,505,1 14 100,031,259
1888..
12.1,878,881 287,775.870 104.128.414
JlM,433,09^: 250.908,244 13^.357.25»
40,315,.609,715,.153,714 W)2, 377.348
46,82 1,.915 511,.508,030 718, 183,211
47.042, 409:490,.308,936 695,.954,50
<
49.913,,6771515,.688,052 742. 401,375
61..H39,.884 592..08«.»«5 8^7,.856.199
to the trade balance,
:
11,660,913
9,030,313
88,037,949
15.403.669
.36,689,348
18,6:8.815
21.936.657
31.854.711
We
would
call attention to
13,634.880
18.011,033
12.868.oy
the very large gross im-
ports of silver in the late fiscal year,
amounting to almost
22 million dollars, or more than in any other year given.
Of course considerable Mexican
silver
comes in every
year to be exported, but the increase of 3J million dollars, as compared with 1889, and G^ mlHions compared
with 1888, is chiefly due to the silver speculation of
May and June, based on the action of Congress with
regard to the metal, and which had the effect for the
in
we have
much
silver
from London.
stated
recent
I ^t forin1890 this was much better than in otherexports
years
against an excess of merchandise
of
42,910,801
time being not only of checking exports, but of bringing
Figures for 1890 subject to slight corrections,
Including crude and refined, and also residuum.
With reference
9,701,187
14,871,058;
1
'
l-i90V...
17,260.191
17,734,149 Imp. 6.133.861
22,831,317 Exp. 18.250.610i
20,691,096 Imp. 18.213.814
20,743,319 Exp. 23,208,812
Imp
5.824,»18'lmp
Imp. 33,209,411
18,37'),83l 43.934,317 rmp, 85,558,08:!
69,952,385 10,284358 Exp. 40,667,427
17.874,491 12.916.292 Exp. 4,358,199
1899..
96,39^,504
10,541,238'
13,330.215
1887..
1889..
17,850,307
18,841,715
3,639.085
all
I
32,915,,788 4 19,,08I,9U 510, 384,871
61,789,.438469,,S93.84t|802, 475,'>80
17,203,006
89.611,319
12,275.914'
Imp. 97,466.127,
32,537,SS0 34,377,051 Jmp. 1.789,174'
4,587,614
Exports.
t
16.550,627
13,503,894
9,801.455
1879..
42,952.191
Total
9,461,303
11,456,481
83.753,633
24,535,670
20,409.827
16,491,099
1,037,331
8(l,758,396[rmp. '7,119.371
1878..
814,140
8,477.802
I8?,870,528' 199,812,814: 122,020,S30j 51,v32,,706! 555..736,408 750,.542,257
808.040,8501 8»7,328,7ai 109,217,119 41,913,.079,609, 499.769: S83,:839.402
jl6a,M-l,715 197,015.204 114.853,7e8| 47,103,,2181521,,016,955:740, 513,009
leo,3;o,«2i 201,963.458' 107,33.>.458 50,257,,9»751»,.923,683' 742.
:.lt^9,76.")
125.st(i,55H <n5,08».612| 90.625.216 50,199.,8-14 471,,757,480 679. 581,'3J
]
1989...
f
Staples.
8,095,336
10.755,842
14.594,915
14,523,180
28,246,234 Exp.
11,600,888
48.574,,974|533,.229,438,691, 865.786
i«10.!i5\»28' 162,30«.83o] 119.857,692; 40.305,219!532,.8«.719 710, 439,441
'888.038,835* 2ll.5M.9l)5 132.48-'.20l 38,218, 625 668,.279.561 '8.35, 838,658
13T9
1*30
1881
1882
1S83
*
FoWi
16,889.599
20,051,426
7.913,972
29,571,863
1880..
.
80.219,445
23,329,252
28,590.374
1882
8,951,769J
7,203,931
25,151,165
1877..
1881..
S9,751.'-59
Exp. 53,284.184
81.177,050
41,081,957
Products
I
1878
1877
Total
i
17.389,317
85,302,543
26,953,360
83,836,818
17,947,241
17,533,280
15,043,683
8,041,671
5.738,775
1.297,980
6,287,477
8,731,2«3
7,992,709 Exp. 23,18),311
66,980,977
1878..
1836..
Provitiotis
t
81,755.780
1883..
Bread-
of
I
1885..
Tear
Imports.
Exporta.
*
t
8«,68«.203
1881..
cluded.
Fitcal
Excess
Exports.
6,883,511 Exp. 59,802,6171
1871..
1875..
of merchandise exports of all kinds.
raised to
year since 1870.
fiscal
the same story.
tell
fact,
68^ millions in the late year there had been in
an excess of imports in the sum of
THE RAILROAD SYSTEM OF THE UNITED
STATES.
the year preceding
In presenting his statistics of United States rail2J million dollars and in 1888 an excess of imports of roads, Mr. Poor is unfortunate in the length of time
28 million dollars.
As a consequence the net gold which always elapses between the periods covered by
exports for 1890 wore only about 4^ million dollars, his returns and the date of their publication.
This is
while in 1889 they had been almost 50 million dollars. true, whether we consider the exhibits of individual
But we also sent out less silver net 12|^ millions, against roads or the statistics for the United States railroad
—
18
Taking gold, merchandise and silver system as a whole. The Manual is issued this time
together, we have for 1890 an excess of exports of nearly a month earlier than usual, and yet the reports
$85,746,557, against an e.xcess of exports for 1889 of are only brought down to December 31, 1889, and in a
$64,948,183, being a difference in favor of the late year. large number of cases only to June 30, 1889, thirtee a
millions.
6
.
THE CHRONICLE
130
rvot. LI.
improvement in gross earnings. The same 31 roads had
not Mr. Poor's of course.
against $22,438,347, the increase
the nature of the net of $25,960,970,
It is to a large extent inherent in
million dollars, or nearly 16 per cent.
fiscal years being 3^
work. He aims to give the results for the
The general figures in Poors' Manual are useful,
date
companies, and as these vary, the
of the several
attention to the magnitude of the
of issue of however, in calling
of the latest necessarily controls the time
United States and of everydelay the railroad industry in the
the book ; moreover, a few tardy returns
The aggregate gross earnit.
But Mr. Poor con- thing connected with
getting out of the whole work.
miles of road for which returns are
Inter-State ings on the 152,745
tinues to retain his advantage over the
are slightly in excess of a thousand million dolas the latter has not yet fur- given
Commerce Commission,
lars—in exact figures, $1,003,736,596. This is cernished statistics for the year ended June 30, 1889.
imposing total, and one which must without
On account of the differences in the fiscal years of tainly an
by further comment give an idea of the importance of the
the separate companies, the comparison furnished
The public revenue of the United
necessarily railroad system.
the statistical summary for the country has
since 1882,
the calendar States in the late fiscal year was the largest
been inexact. Nominally representing
million dollars, and with
for and yet amounted to only 402
year, the statistics did not cover any uniform date—
to this amount, or say 603
be to the end of March, for an addition of 150 per cent
one company they might
have only 1,005 millions, showing
should
another to the end of December. The present year millions, we
railroad earnings are about 150 per cent
there has been a further circumstance to impair the that these
Quite a greater than the whole United States revenue, instead
results, and one to which Mr. Poor refers.
greater as stated by Mr, Poor.
good many companies, as our readers know, have of being only 50 per cent
If gross earnings are large at 1,003 millions, total
fiscal years to
changed the time of the ending of their
more striking proportions.
correspond with the year of the Inter-State Commerce stock and debt are of still
companies, in reporting for a Stock is reported at 4,495 millions, funded debt at
Commission. Such
makperiod of twelve months, covered over again a part of 4,828 millions and unfunded debt at 357 millions,
further
As Mr. ing altogether 9,680 millions, which would be
year included in their previous report.
months
The
ago.
fault
is
the
" the year covered by the statements increased to 9,931 millions by adding on the 251 milcompanies overlaps for some months lions of current liabilities in other words, we have a
" the statement of 1888
and therefore the 1889 total of stock and debt close to 10,000 million dollars.
Poor puts
"of such
it,
—
;
does not reflect the full extent of the
"improvement in railroad earnings that has taken
"summary
•*
place."
But
this
changing of the
fiscal years,
though
a present disadvantage, should in the end prove beneficial,
as with such a large
ing their
fiscal
number
year on June 30
it
of companies clos-
should after a while
When we come
representing the
to the figures
traflBc
—
marvelous 11,965
million passengers carried one mile and 68,604 million
As compared with
tons of freight moved one mile.
movement, the
totals
are simply
the corrected totals for 1888 these results show a gain
of 3,181 million ton miles, or just about 5 per cent.
be possible to issue the Manual earlier, besides giving
The total tonnage movement has steadily increased
greater uniformity and therefore greater value to the year by year ever since Mr. Poor began compiling the
statistical summary.
totals, being 39,302 millions for 1882, 44,064 millions
These remarks are necessary because it is evident at for 1883, 44,725 millions for 1884, 49,151 millions for
^
a glance that the full improvement in railroad results
1885,
which occurred during the calendar year 1889 is not
reflected in Mr. Poor's summary.
He reports an
increase for 1889 of $43,480,326 in gross earnings and
of $20,653,935 in net earnings, as compared with the
1887, 65,423
1889.
61,561 millions for
52,802 millions for 1886,
millions for 1888
While the volume
of
and 68,604 millions
the
for
movement has thus
been steadily expanding, the average rate received has
just as steadily decreased, there being a further trifling
year before, the extent of road covered in 1889 being decline in 1889, notwithstanding the improved rate
152,745 miles. But in the Chronicle of February 22 situation in the West.
In 1883 this average stood at
we gave a full detailed statement covering 120,416 1-236 cent per ton per mile, while now for 1889 it is
miles (including a few Canadian and Mexican roads), 0*976 cent.
The average on passengers is also lower
and there the increase was 142,865,026 in gross earn- than in any other year, being 2*17 cents, against 2 '42
ings, while the increase in net was $32,459,434, though cents in 1883, though in this case the decline' has not
Mr. Poor's figures make the increase for the whole been uninterrupted, but attended with variations up
country only $50,653,935, which is surprisingly small.
Our statement was issued nearly six mouths ago, or
soon after the close of the calendar year, and was
particularly
useful
in
showing
comparative
results
and down from year
\
'
to year.
IMPORTS AND EXPORTS FOR JUNE AND
THE FISCAL YEAR ENDING JUNE SO.
between 1889 and 1888, as all the figures were
The Bureau of Statistics has issued its detailed statement of
for an even and uniform period in both years. the foreign commerce of the country for the month of
In reviewing his tables of earnings Mr. Poor says the June, 1890 and 1889, and for the six and twelve months
" South fails to show any gain of consequence." But, ending June 30, 1890, and 1889. as follows:
MERCHANDISE.
1
as a matter of fact, it has
been rather notable that
growth due to development has been nowhere more
conspicuous than in the South, as our compila-
For
For the 12
For the G
Months ended Month$ ended
the
month of
Jun e.
June
Juyie 30.
30.
tions
$52,081,264 $386,372,938 $845,302,628
of
earnings
have
shown
month after 1890.—Exports—DomeBtio.
12,553.331
Foreign...
986,502
6,060,726
month. To refer again to the statement in our
Total
$53,067,766 .$39.',4S3,6fi4
issue
Imports
411,l.'i2,998 789.33jj55
75,462.4'
of February 22d, the results on 31 prominent
Southern Excess of exports over Imports
$63,520,304
roads for the calendar years 1889
and 1888 were Excess of Imports over exports $22,394,640 $18,719,334
•77,382,833
gross
$68,856,214 in
earnings
1888,
being
in
an
million dollars, or 12^ per cent.
group of roads which showed
1889,
against
only
increase of over 8^
There was no other
so
large
a ratio
of
1889.—Exports—Domestic
$47,1 79,C84 $35^^,224,974 $730,282,609
Ig^Ug/Tgg
1,087.8 8
6,458,878
Total
$4 8,267,571 $361,6S3.85 $742,401,375
Imports
61,209,1}I1 39 2 .339,108 74jjjM52;
of Imports over exports $12,911,62u $30,655,256
$2,730,277!
Foreign
.
^
i
[
'
ACOCCT
.
.
.
.
.
. ..
.
1
1
THE CHRONICLR
2, 181H).J
OOLD XMD SILTBK—OOIX
AlfD
131
Railroads.
BOLUOR.
Low. High.
72 14 76
99>9 100
CI. Ctn. Chic. A. St. L.
rorlh«
yionlh* ended
June 30.
June.
1890. -EzporU— Gold— Dom. .
ezporu
$3,398,916
332,450
$3,731,366
$242,283
733,476
$975,759
$4,707,125
Import*— Gold
BlWer
_1 ,850,234
TonigD
ToUl
BllTer— Dom
Foreign.
Total
$385,830
$2,230,064
Total
Kzoeaa of export* over Imports $2,471,061
1889.— Kxport»-Gold— Dom.
.
30.
$5,123,267 $13,403,632
8,037,557
3^870,859
$8,160,824 $17,274,491
$8,038,019 $22,374,499
5,568,828 _12j490,212
$13,606,247 $34,B.»,4.7li
$21,767,071 $52,129,201;
$5,300,787 $12,91«,2H2
10,67 7,716
21,98«,0.')7
$15,978,503 $34.902, 94!)
$5,788,.568 $17,226,253
_
$61,261,501
$4,365,077
8,928,752
$13,293,8291
$47^67,6721^
Imports— Gold
Silver
Total
B»e«M of export* over Imports
$96,641,533
$10,284, H.-iS
18.67f<,21.1
$28,963,073
$67,678,460
MBROBAKOMli AMD COIN AMD BCLLIOM.
1890.— Exports— Domestic
$53,722,463 $399,534,224 $881,080,959
2,052,428
14,666,511
28,904,40:^
Foreign
Total
$57,774,891 $414,200,735 $909,985,361
Imports
77,698,470 427,131,501 824,238,804
$85,746,557
Excess of Imports over exports $19,923,579 $12,930,766
1889,— Exports— Domestic
$66,827,029 $405,099,247 $810,497,603
Foreign
2.778.919
17,846,106
28,545,305
Total
$69,605.94S $422,945,353 $839,042,;)08
Imports
63.265,938 405,632,937 $774,094,725
zoeiB of exports over Imports $6,340,010 $17,312,416 $04,948,183
IMFOBTS AMD BXPORT8 BT PRINCIPAL OUSTOHS DISTRICTS.
Imports.
OnSTOHS DISTRICTS AND
Ports.
JUNK,
1880.
12 montlu ending
June
ItnvorU.
ExvorU.
18110.
lUltlmore.Md. 1.079.726 4,704.836 13.140,203
Boat. & Charlett'wn.MMs! 6,6SI.]M 4,95S.068 82.876.888
BuffaloCk.N.Y
532,Via
41.294
5.758.014
»10.597i
Ctasmprn, N.Y
3K6.5B1
3,745,798
Ch«rle«fn,8.C
14».»i»;
«48.944
22.80»i
Chlci«o.lli....
Cincinnati. O.'
Detroit. Mich.
Dalath. Minn.
Oalvest'n.Tex
miw'kee.WU.
Minn's'a.MInn
Mobile. Ala...
New
Orl'na,l,a
NewYork.N.Y
Nlaiiara.N.r..
Nort'k.&c.Va.
OreKon. Ores..
Oswega'le.N.r
Oaweao.N.Y..
Phlliiaera, Pa.
Portland, Me..
8t. Lonls.Mo.*
San DteKO.Cal.
Ban Fran., Cal.
Barannah, Qa.
Vermont, Vt.
Wlllamette,Or
WUml'g'n, N.C
ToUls,
80.
1889.
15,223.844
Exports.
12 montlu >n<lin<
June
1890.
73.983.693
30.
1889.
50,811,692
88,781,023 71.201,944 66.833,595
42i,0rt8
8,774.544
506.170
8,404,533
1,630,718
1,878,0)8
882,606 13,797,751 14,001,583
i.iiK.iie
ms.ma 13.590.124 18,099,920 2.439,974 8,181,432
nai.wi
2,232.710
2.322.638
255.241
404,467
3,127,094
3,002.557
6.385,378
6.971,887
B.B7«
284.424
31,230
C6.S84
1,815.318
1,121,728
17.3«4
48,»75
415,798
722,858 24,448331 15,578,192
7M,672
765,717
723,097
38,648
84,012
85.586
147,061
1,158.563
915,340
1,519,683
1,213.557
623
60.188
107.015
125.329
3.372.429
3.202,245
1,158.140 2.n82.M«u, 14.771,881 14.492.480 108.128,391 83,y2M,H7rt
4B.7'^».818 2U.058.B21 518.301. W3 472.153.507 349.051.791 319.832.55r>
274.125
+5,729
3,973,1701
4.456.772
+83.085
+87.577
89.04a
12.540
77,4021
180.640 14.247.477 13,811,897
805.969
117,591
1.409.955
1,745,763
172.108
288.3801
1.671.837
2.071.625
2.450.433
1.385,09i
316.814
282,881
4.041.939
4.420,268
1.442.489
2,132.291
5,760.487 2.687,6901 53.938.315 48,528.602 37,110.683 29.774.911
38.022,
15,9251
622.034
908.291
2,994,362
3,210,383
S41.857
3,087,811
2.788.374
68.795
15,5!«)]
437,287
514.014
255,139
375.921
4,049.565' S.264.526! 48,751.2.i3 48,425.780 36.876.0,)1 37.873,378
29.860
465.0241
472.343
373.981 30.884,461 17,885,454
582.913
228.814
8,995.172
6.865,794
2.188.257
1.8-i3.452
122,690
119,870
998.518
l.i&i.S-Ki
3.871.876
4.869,517
104,238
137,081
155,144
6,934.720
6,73»,79»
!
all
Oth'r DI>U.) 79.402.406 53.067,788 7S»,SS5,855l745,131,652 887,866,159 ?4«, 401,375
Bemaiulnjf In warehouse June 30, 1889
$37,150,342
warehouse June 30, 1890
42,773,733
which merchaadlse can bo transported without
appraisement, under act of June 10, 1880.
+ Incomplete lu the aoseuoe of law providluif the means of collecting
the BtatistiCH of exports tu adjacent foreign territory by railroad oars
and other land vehioles.
BemalninK
In
Interior port« to
The
following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y.
'stock Exchange during the month of July, 1890,
RAILROAD AND MlbOELLANEOUg STOCKS.
Railroads.
jAne. Hif/h.
Railroads.
Low. High.
•Albany A Bus
17l»9 17119 Chicago i Alton
1317313413
Atchison Top. A S.Fe.
42!li
47 14 •Chic. & All. boD.,rec
1319 14:%
AUantlc &raclt1o....
6ia
7
Chic. Burl. & Qulnoy. IO5I9 10738
Bos.&N.Y.AlrLloe.pf 107
107
Chlo. AEast III
41^ 4619
•Brooklyn EU-vatctf..
39
39
Do
pref.
88% 95
Buff. R. & Pitts
35
35
Chic. Mil. (kSt. PaiU.
75 14
71<1i
27I9
Bcr.C. K.cSr North...
25
Do
pref.
117% 119
Canadian I'ai-itlc
7914 82!% Chic. <b Northwest... 110>4 112
Canada Southern
5014 57i«
Do
pref.. 144
145
126i9 Chlo. & Rock Island..
Central of N.Jersey.. 124
8itH 92 Lj
Central Pacitlo
3214 34
Chic. 8t.L.iPitt9b..
I6I9 17 4
23i* 24'4
Che».iSiO.,Vol.Tr.cert.
Do
44 19 45 '4
pref.
Do
do Istpref.
64
65'8 Chic. 8t. P. Minn. A O.
32
33
Do
do 2d pref.
4319 461*
Do
pref..
95 >9 95 I3
Unlisted.
4
Rights...
Clev. A Pittsburg ...
0(>luni.A(lrcenv..pfd
Col. Hock. Viil.ATol.
Railroads.
Do
H
Renssel.
A
Kio Uruude...
18
Do
Do
Evans V.
Flint
A
Terre H
Marq.
A
.
A Texas Cent..
4
leased lines
Iowa Central
Lake Erie
A
Do
pref..
A Man.
Second Avenue
Southern Pacitlo Co
A
Texas
A
*Tol. Peoria
Union Pacitlo
IS's
Wabash
94
Wheel.
58
58%
847g
44I9
Lou. Ev. A 8t. L.pref.
LoulsviUo A Nash v..
Louisv.N.Alb.ACh..
•Louis. St. L. A Tex..
Mahoning Coal.
Do
pref.
Manhattan, consol...
897e
18^8
ei>9
33>«
5319
12>3
263g
37'8
75"8
6719
Do
pref.
American
Wells,
A Co.
Coal A Iron
Fargo
50^
.
I9
6%
29
67
3214
84% 85
15ie
3OI9
143^
29 19
53
58
81% 9II4
IO3I9
102
99 19 101
45
4658
104 '8 115
23 19
21
22
23
2016 21 T^
45
49
48
48
43% 4739
.
pref..
Paclllc Mail
15
441a 47I4
15519 157
42la
42 >3
24 19
64
27 14
Latlede Gas, St. L
•Mex. Nat. Cons. Co
•National Lead Trust
Oregon Improv. Co..
20%
42
52
105
3919
49
100
.
Do
2
86I9
lOia
4519
7>»
85
10
45
Citizens' Gas,
Philadelphia Gas
•Pipe Line Trust
Pullman Palace Car.
Silver Hulliou certs..
'Sugar ReUneries Co.
Tex. Paoitlo LandTr.
1119
10
.
.
33
26% 26%
•Do
Tr. certs...
Amer. Tel. A Cable.
'American Ca'.tle Tr.
Brunswick Co
Chicago Gas Comp'y.
39
.52^
31
Bklyn.
Commercial Cable .
Consolidated Gas Co.
•Dls. A Cat. Feed. Co
Edison Gen. Electric.
Phlla. A Read, certs.
PitUb. Ft. W. A Chic.
73J«
147 19
143
. .
Coal and Mimino.
5
11319 115
25 14 26»»
Do
pref.
65
66
N. Y. A New England
47% 51»8
N. Y.N. H. A Hartford 26219 26219
1888 20
N. Y. Ont. A West....
719
N.Y. Susq. AWest...
8
33I9
Do
pref.
32
Norfolk A Western.
213g 211a
6214
Do
pref.
60
3678
Northern Faclllc
353|i
81 14 831a
Do
pref..
Ohio A Mississippi.
24% 25%
Ohio Southern
2219 23 "a
Oregon Ky.ANav.Co. 10219 10479
Oreg. Sh. L.AU. N...
44% 46»8
Oregon A Traus-Con.
4573 48 14
20
15
291a
152
117
70
United States
.
Peo. Decat. A E'vUle.
Peoria A Eastern
39 19
78%
190
115
281s Colorado
478
5% Col. A Hock. C. AI..
9789 98Ss Consolidation Coal...
9319 9379 Homes take Mining.
Do
pref. Clio
1141a Marshall Cons. Coal.
6I9 Minnesota Iron
6I9
Minneapolis A St. L.
New Central Coal
Do
pref.
16
16
2036 Ontario Silver Min..
M.K:.AT., all paid...
20
28=8 Quicksilver Mining..
•Do pf.W.I.Reo.
27
Missouri Pacific
7214 74 3«
Do
pref.
Mobile A Ohio
18
22% Tenn. Coal A Iron
15319 154i»
Morris A Essex
Do
pref.
Nash. Chatt. ASt. L.. 100>4 IOOI4
Varioos.
N. Y. Cent. A Hud. R. IO719 IO8I4 •AmfT. Bank Note...
1614
S.Y. Chic. A. St. Louis
le's *Am. Cotton Oil Co...
Do
•Do
pref.
1st pref.
711a 7119
39
35>3
5319
13
27 1»
Express.
Michigan Central
Milw. L. 8h. A West.
Do
2d pref.
N.Y. Lack. A West...
N. Y. Lake Erie A W.
19ifl
65
28
Adams
115
110
5
24I9
pref..
A L. Erie, com
Wisconsin Cent. Co..
67 >9
115
109
_..
Do
46 19
33
33
Manhattan Beach...
Moxicau Central. ....
Mexican Nat., certs.
87
Virginia Midland....
9219
Isl.'iiid
42
66 >•
91
66I9
West.
6639
UOH
108%
3519
2II4
19%
41
Union Pao. D. AG...
9^
65ie
pref..
81>9
.
Paclllc
Ann A. A No. M.
A O. Cent
Do
pref.
Tol.
Tol.
30
1778
West'n..
Do
Lake8liore
lx)ng
Paul Minn.
13%
65
98
36 >9 37%
98
99
109
112
122
122
Duluth...
Paul.
St.
99 19
28
pref..
A
St.
6
914
Do
1st pref..
117%
116
99
IlUnols Central
Do
78
98
101%
80 «4 84^8
270 270
pref..
13>9
65
70
Fran. pref.
Do
2419
125
I2519
28«4 341a
Harlem
Hous.
A
St. L.
.4 6
S.
22\
I'cre
Do
pref..
A Tex. 3a
Ark.
rtpd.
'Bt. L.
9\
76«9
1st pref.
2d pref.
Do
24
9ie
H
8t.L. Alt.AT.
8
2314
pref.
Do
pn-f..
Rome Water A Ogd.
6
719
A Atl ....
pref..
Do
B.Tenn.Va. A (la Ry.
'Dal. 8. Hh.
Baratoga.
Ulo Grande Western.
5719
6
A
Do
20
52
Low. Biah.
28
28
38
39
184
180
21^ 24*4
8214
80
21
23
SO
52
lis
120
40>9 40 >•
130 130
W., ir. rf cts.
pfd.t.ree.
Richmond Terminal.
1S614 lS6>t
Do
jiref
DesM. A Ft Dodge.
Den.
A
Pitts.
33 19
33
2719 32I4
Delaware A Hudson. 166>4 169Sti
Del. Lark. A Western Xl44>8 149I9
6512
6519
8578
90%
214% 222
11319
104
71I9
I8I3
8319
Western Union Tel..
•
79 19
20
841a
Unlisted.
The range of Qoverntnent bonds sold at the Stock Exchange
In July was as follows:
government bonds.
4I9*,
„
1891
419*, 1891,
coup.
'*»•
,
4», 1907,
reg.
4», 1907,
coup.
6». Our.,
'98 reg.
6»,
10314
Our.
•99 reg.
121S8
120
12ia8
103
*120l6
103 14
103
123%
124
•120
I2II3
Lowest.. IOJI4
12119
103
•120
Closing...
10314
124
103
123%
* Prices bid— no sales during the month.
The daily posted rates for sterling exchange in
Opening..
Highest..
•123
•1231a
•123
'1231a
July
are given below, it being understood that bankers' actual
rates are usually a fraction below the prices posted:
BAKXERS' STBRUNO EXOHANOE (POSTED RATES) FOR JOLT, 1890.
July.
REVIEW OF PRICES IN JULY— STOCKS
GOVERNMENT BONDS AND
FOREIGN EXCHANGE.
*
pref..
I
(In-
eladlni
Do
Do
Gt. Noith'n, pref
6,590,5871
11,404, .'iHU
$19,44 1,V08 '$36,689,2 IS
Foreign
Total
Total exports
TOTAI.
Jane
$37,023,1321 $54,930,332
4,796,661
5,021,P53
$41,819^7931 $59,952,28.')
$12,851,141 $26.284,6(;2
.
Foreign
Total
BUver— Dom.
For the 12
UmUlit ended
ForIKe 6
month of
Total
..
.
.
.
.
.
60
De-
day:
mand-
1.... 4 841a 5 4 88-ia
2.... 48419-5 4 88'>a
488I9
3.... 4 85
4....
|...Hol idays. .
5....
6....
8
i's'sia"
7.... 4 85
8.... 4 85-ia 488I3-9
9.... 4 851a 4 89
10.... 4P5ia
4 89-19
4 831a
11.... 4 851a
12
...
48519
4 891a
July.
13...
14...
15...
16...
17...
18...
19...
20...
21...
22...
23...
24...
De-
mand.
S.
4 851a
185
8.
1a
4 85- la
t85->9
1851a
60
Do-
day:
mand.
485I9
4"89ii" 26... 4 8519
48919
4 85-19 4 89->9
4 85-19 4 89-19
I85I9 4 89 la
4 85 la 4 89- la
4 8519
July.
25....
60
day:
27....
28....
29....
30....
31....
4 891a
4 89>»
8.
4"89i9"'
4 8519
4 8519
4 991a
4 851a
4 8513
4 891a
4 89>9
489-ia' Open. 4 84V5
4 89-19 High.. 4 85>9
4 89 I9 Low.. 4 8419
489I9
Last.. 4 851a
tS8>9
4 89 19
4 83
4 8919
[From our own correspondent. J
London, Saturday, July 19, 1890.
The money market has not been quite so stringent this week.
It is true that the outside market has had to renew previous
loans obtained from the Bank of England, but it has not bad
to obtain fresh loans to any amount worth speaking of. In
the outside market the rate of interest has not been higher
than i}4 per cent, sometimes being about 4 per cent. Tb«
THE CHRONICLE.
132
has given way. It opened on Monday at 4J^
per cent, then fell to 4ig per cent, and at one time on Thursday was as low as Slg per cent. But after the issue of the
Bank return on Thursday afternoon it rose once more to 4 per
cent. The Bunk of England, however, persisted in charging
5
all but its regular customers i}i per cent for discounts and
count
rate, too,
A somewhat
this
[V^ou LI.
better feeling prevails
week, but there
is
on the Stock Exchange
engage
as little inclination as ever to
will take place to the
River Plate.
The passage of the silver bill has caused, as was to be expected, a sharp rise in the price of silver. But the amount of
business doing here is very small. This market so completely
follows the lead of New York that brokers do not venture to
make a quotation until the opening price in New York is telegraphed For the time being India is not buying, and the Indian
«zcbanges, though they are advancing, are not advancing as
rapidly as the price of silver. The price of the silver is now
60d. per ounce. In May of last year the price was as low as
41 15-16d. per ounce. Shortly afterwards the British mint
began buying on an unusually large scale, and there was also
in fresh business. On one side is the fact that the speculative
accounts for the rise in all markets have been reduced, and
that a bear account in several cases has been opened. Money
also is somewhat easier, and the shipments of gold from New
York inspire the hope that the worst of the stringency is over.
But on the other hand the banks are not yet inclined to lend
liberally, and are warning their customers that it will be well
not to commit themselves heavily. Moreover, on the River
Plate, the situation there is very critical, and at any moment
accidents may occur which may have a serious influence upon
our market. Further, the Egyptian Daira Conversion, which
is announced this week, has given much dissatisfaction to
holders and, lastly, the state of the Balkan Peninsula continues to inspire apprehension. All markets, therefore, are
exceedingly inactive, and none more so than the American.
Brokers, iadeed, report that the purchase or sale of a few hundred shares materially aflfects quotations.
At Montevideo this week gold has risen to a premium, and
in Buenos Ayres the premium is still 200 per cent. When the
negotiations for a loan between the Argentine Government
and the London Syndicate failed the Argentine Government
asked authority from Congress to issue notes to the extent of
100 million dollars, and the authori'.y has been given.
According to the newspaper telegrams the notes are to be
employed to pay off cedulas, but according to private advices
received by bankers here that is a mistake. They are to be
secured by a mortgage on the public lands of the Republic,
and though they are not legal tender are to be really issued to
supply currency. Fearing a run, the banks in the Republic
have been hoarding notes, though they are so greatly depreciated, and in consequence currency is exceedingly scarce.
Therefore the Government thinks it is necessary to issue further
notes. The best informed, however, doubt whether the notes
will be received, and indeed they are skeptical whether they
will be issued. According to them the object of the Government is to prove to the great London Syndicate that it can do
without their help by issuing more paper, hoping thereby to
induce the Syndicate to accept its own terms. And this
opinion appears to be corroborated by the fact that negotiations for a loan have again begun.
The best-informed
fear that most of the banks will be obliged to close their
a good deal
doors.
per cent for loans. At the Stock Exchange settlement, which
began on Monday and ended on Wednesday, the rate charged
by bankers was 5 per cent Within the Stock Exchange the
carrying-over rates were stiflfer than last time.
There is much speculation in the city as to whether an arrangement has not been arrived at between the Bank of England and the six great banks to keep up the value of money.
"Other deposits" at the Bank of England, in which are included the bankers' balances, now exceed 29 millions sterling,
rery nearly as large as they were at this time last year. But
-at this time last year day-to-day money could be obtained in
any amount at from J^ to 1 percent, whereas now 4 and sometimes 4}4 per cent has to be paid.' The inference of the city is
that there is a combination of some kind between the Bank of
England and the six other great banks, in accordance with
which the latter keep unusually large balances at the Bank,
but whether they are paid anything for doing so, or what kind
of consideration they receive, cannot be discovered. Indeed,
it is not admitted at all by the Bank of England or by the
other banks that an understanding exists. Meantime the
New York are encouraging the hope
nearly over; that enough of the metal
will be received to enable us to face the autumn without
grave apprehension: but on the other hand there are revived
shipments of gold from
that the stringency
is
rumors that very large exports of gold
.
of speculation by American operators, when the
price advanced to over 44d. But at the beginning of this year
it fell again, and in February was as low as 433^d. per ounce.
;
The prospectus
of the Egyptian Daira Conversion is issued
week. Holders of the old bonds are given only ten days
Since February, that is, five months, the rise, it will be seen, to decide whether they will convert or not. If they
do not
has been as much as 6=^d. per ounce, or about 1.5 per cent. they will be paid off at the rate of £85 for the old
bonds, of
In March last, when the Indian Finance Minister introduced the nominal value of £100. If they
do, they will get a newhis budget, he estimated that the India Council would
be able bond of the nominal value of £85 in exchange for the old
to sell their bills in London at Is. 4J^d. per rupee.
On bond of the nominal value of £100, the interest to be 4 per
Wednesday of this week the Council obtained Is. 7>^d. per cent. To provide money for paying
off all those who will not
Tupee, a rise of 2?4i. per rupee, or over 10 per cent.
Indian convert, subscriptions are invited at the issue price of 99 1^ for
rupee paper has advanced more rapidly. The four per
cents 4 per cent bonds of the nominal value of £100.
The general
fluctuated last year between 66 and 70. This week
they have impression is that very few indeed will convert, and that conbeen as high as 82, which, if we take the middle price last
year, sequentiy the syndicate which is bringing out the loan will
ahows a ri.se of about 14, or over 20 per cent. Other silver
se- have to take it up almost altogether.
The time certainly is
curities have likewise risen, but not in anything like
the pro- very unfavorable, and if it be true, as alleged, that Messrs.
portion of Indian rupee paper.
Rothschild are actively hostile, that greatly diminishes the
The fortnightly settlement on the Stock Exchange
here, chances of success.
which began on Monday and ended on Wednesday,
passed off
The dividends declared by the joint-stock banks all over the
more smoothly than had been expected. The account
to be country for the first half of the year show that those institusettled covered nineteen days, and the fall in
almost all securi- tions did very well during the period.
In no case is the divities had been very considerable.
It was feared, therefore
dend less, but, generally speaking, either the same dividends
that there might be several failures. As
a matter of fact' as at this, time last year are paid,
and larger balances are caronly two failures took place, and they were
small ones It is rien forward to the new half-year,
or better dividends are disunderstood, however, that other members
of the Stock Ex
tributed. In some instances, notably the London & Westchange were in difficulties, but received the
assistance they minster, the profits are larger
than in any previous half-year.
required
As already stated, the rate charged by the
banks to Only five railway dividends have yet been declared.
Of thes«
the SUick Exchange was 5 per cent, which
was somewhat less two are the same as twelve
months ago, two are better, and
than liad been expected. Doubtless, the
banks did not deem one is worse. It
will be seen that in most cases increased
It safe to exact the very highest
rates they could obtain.
Some expenses have counterbalanced augmented earnings. The
of the banks called in loans for the third
time in succession
railway traffic returns contmue very
satisfactory, and genand at one time on Monday there was a
difficulty
this
in obtaining
erally the state of trade is gocd.
aU the accommodation that was required.
I„ the end howThe wheat market is quiet at a slight advance over last
ever. It was found that members
of the Stock Exchange
week. The weather has greatly improved, and the prospects
had over-provided themselves with funds,
and rates declined of the crops are
therefore better.
lns.de the Stock Exchange rates
were generallv higher that
•t the last settlement.
Messrs. Pixley & Abell write as follows:
They were especially sti¥
n the
American department, where about
amount of gold on the way from New York.
7 per cent was in
most HmniV'rtT?,'i^''ri' ^r'"!?* and other quarters. The Indinii price for fine
'">• In<l'«
cases charged.
IScf i, nm =i^l
fiflfin purchased
Deen nnr„hJ=fH*V'''/j'''''^ ^^^ •'"''<' 'O"' eoar.ser quahties. £21,000 has
by the Bank during the week and JStj6,000 sold, of
I
J
AoacsT
.
THE CHRONICLR
3, 1890.
iB4n,0OO la fur Klo ilo Jiinolro. £7,800 ariivod from Boiitli
AfrliB. Hlilpmcntu: .lulv 11, t<> Itombiiy, £100,000; to Calcutta,
«,^,000; .Tilly 17, to noinluiy. i(!r>,(K)0.
eilTPr.- Pllvcr hiiH risen rapUlly ulnco our last, from 4SHid. to «05,,(1.
ycstt'rclav.owlnit to tliiM'nKwiK" "'"'>'Kl't'""<f<'«»««'I tbe BlirnluK I'y
'ro-<lay A relapse has set in: the lal<>Kl
tlu- PrcKl'iloiit iif the silver bill.
quotalUin U .Idd. Arrivals: Chili, i.W.OOO. bhipiueuts: July 11, to
Iloiuliay, iHl.OtO; July 17. to llimihay, £1H4,.')00.
London.
whli-li
Mexican Hollars.— BUBinesu has been done durlne the week «t vary"
ln(ti«rlfes up to 'li)>.iil. The I.alin lironRht $43,000 from New Yorkebli)iueot.H: To I'cnang, i;47,l(K> on the 11th.
SILTBR.
OOI.D.
July
Lofuton Slatulard.
•.
JulK
17.
d.
10.
d.
Barsllver
oi.
Bar allver, contain-
77 10
77
U
Inf; Sfcrs.
Pake BllTer
B Am.dnubloons.oi.
.Mexican dol«....o«.
money have been
rates for
Open market
Bank
LMtdon
s
4
4
4
11
4
July
•
-
47H
InterMt oilowed
for iepontt bn
IVad<
Bittt.
Dfac't H'.,
Joint
Stock
Stx
1
7 to 14
.4t
18 4
The Ba nk
1«-I«
1
3J4-3K
2«
S
3
3
8«
3
3«•s^
and open mark et
rate of d iscount
chief Continental cities
have been as follows
now and
Day/.
liankt. Coll.
Afon(?i«
anmi
a -3 9 2 a - 3w« - S!4<» - sxa - 9H& 3«» -;3M9 - aH» - SM94 3j<a4 an**
3«» -,3«4 - 3«a -3?«i - 8«» - 4 « 4X* - 4S40 - 4«» -4H» - 4Ma - 4«95
4 9 -[tH.* - 4Mi« -4 a4i« 4«.a4a< 4495
90 3
n
4W<
ratei.
|
»s 5-ia
a
Jnnais 3
"
"
BliU.
48«
of. 53 is-ia
as follows:
Thrtt
your
Four
sua
Montki Vonthi Monlha Monthi Afonthi
Titrtt
d.
4>t«
MH
KOld.oi.
Bpftn.doublnuQB.oi.
The
Jtttv 10
17.
BO
(U
«.
BkrROM.BD*....OI. nominal
B«r gold, contaln'ii
aOdwtf.itlrer.oi. nominal
July
London Standard.
July
Bank
July
18.
3,'l-3^
tat Bs a t the
for the previous three
Open
Ratt. 'Markei
July
11.
weeks
Open
Bank
fii>t«.
Market
Hate.
Market
Bate.
Open
Market
2«
3
8
4
8M
8«
3
B«ri»>
4
4
4
SH
i%
i%
««
sk
4
3
4
m
8
Amsterdam
Bmueli
Madrid
4
4
Bt. PetersbnrK.
=><
3W
8M
8
4
«X
S«
an
8
S
Oop«nhatf«n
4
4
ienna
8M
3
4
4
S5<
4
4
3
4
2?<
3
4
4
4
S«
4
SH
4
.<!«
6«
3«
5«
6H
8«
3>»
The following return shows the positioa of the Bank of
England, the Bank rate of discount, the price of consols, &c,,
compared with the last three years:
1830.
1869.
£
arcvutlon
1888.
£
&
tnilc. Mil.
Ht.
do
Norfolk
A-
1887.
£
£
National Banks.
000.
,
19.116.769
13,663,124
12,831,682
20,'i01,474
22,800,499
21.315,402
19,538,022
13,017,323
22,421,313
Geu'lmer'dise.
S4Ji
4
38
U9S-16
069-18
98)i
184.263,000
40J<
2
101 8-10
Dry Goods
138,351.000
The following shows the imports of cereal produce into the
United Kingdom during the first forty-five weeks of the season compared with previous seasons:
1886-87.
44,396, ItiO
14,951.015
1 l,89(!,0;tli
2.2:t3,570
2,240.011!
18«9-9n.
^
^
.
Importsof whent-ewt.4s.,-,^7..it;-,
Importaof Hour
U.7!>LMil;i
lsSH-99.
'1117504
1J,V)I3,137
1887-8S.
41,562,635
10,242,995
Bales of hoaie-growu. 4:!, 110,000 3.',i7:;,020
35,451,429
Total.
.-,
|
.105,796,137
97,034,061
1889-90.
-aver, price wheat week.33s. 2il.
Av. price wheat season. 30b. 6(1-
1888-89.
1887-88.
294.
309.
31s.
30s.
Dry Goods
Total
Situte
,
3d.
9d.
93,267,059
6;1.
Od.
The following shows the quantities of wheat,
.
Thi4i icerK-.
S/ieat
ar9-2,008.00O
flour, eciual to qrs.
*">'*e
-qrs.
ors-
1886-8744.390.1(i9
14,0.'}3,:j15
29,530,232
88,879,710
1886-87.
OdOd.
34s.
33s.
flour
26 1.1
62'a
110
105»a
60»H
103 13
lO.'iia
62 »4
87>«
73%
110
26
105
25'8
61%
83%
34%
84<fl
5iai
54^8
54=8
23'8
2319
23 ig
64 >8
23
83 M
54 "a
23
e.'iis
23 '8
04
03%
63%
31
SO'a
30>4
30-<B
3038
84
63 '8
30%
—The
following
banks have-
national
Pre.sldcnt; D. Osborne, Cashlcr.
NEW YORK.
1889.
1888.
1887.
$3,068,^24'
0,074,764,
$3,070,071
7,016,223
1890.
$3,277,4271
7,360,998j
$3,208.83*
7,241,144
$9,743,588 $10,638,425' $10,449,982
$10,086,297
1
$70,774,602
201,723,880
$75.7*-S,833
200,725,558
$78,841,195, $91,-i71,7C7
212,381,274| 221,830,732
Total 30 weeks. '$272,498,542 $270.514,3gl $291,422,469i$313,402 ,49»
In our report of the Afj goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 39 and from January, 1 to date
EXPORTS FROM NEW YORK FOR TUB WEEK.
:
1890
1888.
1889.
$5,279,445
102,635,096
$3,893,720
1S9,906,475
1887.
For the week..
$7,340,027,
Prev. reported
168,415,923
Total,
$6,646.25<>
186,155,46*
30 weeks $175,755,950 $107,915,141 $195,800,195 $192,801 ,71»
The following table shows the exports and imports of specie
New York for the week ending July 26 and
since January 1, 1890, and for the corresponding periods in
1889 and 1888:
EXPORTS jkND IMPORTS OP SFECI8 AT HEW TORK.
at the port of
208.000
830,000
Last wcfJc,
2,161,000
203.000
700,000
Gold.
Week.
1889.
l,43d..500
210,(100
675,000
1888.
1,810,000
205,0(1(1
331,00(1
Imporlt.
Exports.
and
Enslliih Financial .'Varketa-Per Cable.
The daily closing quotations for securities, &c., at London,
are reported by cable
as follows for the week endinj.'
August 1
:
Jan.
Qen'lmer'dise.
maize afloat to the United Kingdom:
„„
lie*
26M
IIOI4
1)
.,
,
112
7379
54 7g
FOEEIGN IMPORTS AT
For Week.
26.194,744
14,933,315
Sui^lies avaflable for consumption (exclusive of stocks on
.
112
87
T4^
;
20.454,73.5
September
1123e
889^
86%
73%
80%
Imports and Exports for the Week.— The imports of
week, compared with those of the preceding week, show
a decrease in both dry goods and general merchandise.
The total imports were $10,449,983, against $11,980,106 the
preceding week and $11,091,334 two weeks previous. The
exports for the week ended July 29 amounted to $6,616,356,
against $6,025,670 last week and $5,398,793 two weeks previous.
The following are the imports at New York for the week
ending (for dry g0(xls) July 34 and for the week ending (for
general merchandise) July 25 also totals since the beginning
of the first week in January.
11.078,169
com
lie'4
Frederic P. Mather, President; B. A. Park, Cashier.
24,857.017
Tndtan
^lour
74
1181a
4,381— The Inter-State National Bank of Kansas City, Kan. Capital,
$1,000,000. J. J. Squicr, President; M. W. St. Chiir, Cashier.
17,180,081
Peae
Beaos
74
118%
74%
119
112
109 <4
126
4,379— The Waxahachie National Bank, Waxahaehle, Texas. Capital
100.000. M. B. Templeton, President; H. W. Trippet. Cashier
4,380—The National Bank of Chester, Vermont. Capital, $50,000>
27,761,800
Bkrley
Ort*:.
62
84
109 >4
129%
X80%
$100,000.
4,500,192
Wheat
2fl
IO5I4
1(I5>9
126
84
75 >8
H4
of Commerce of Seattle, Washington. CapiBichard Holyoke, President; R. K. Spencer,
Cashier.
4,376— The First National Bank of Charter Oak, Iowa. Cinltal, $50,000. H. N. Moore, President; J. G. Shumaker, Cashier.
4,377— The First National Bank of Oastonia. N. C. Capital, $50,000.
J. H- CralK, President; I.. L. Jenkins, Cashier.
4,378— The Citizens' National Bank of Mason, Texas. Capital. $50,000. J. A. Hoerster, President; F. W. Henderson, Cashier.
tal.
18.254,047
IMPORTS.
1889-90.
1888-89.
1887-88.
.ewt, 4S,587,665 51,967,.'i04 41,.5«2,635
13,576,082 17,027,118 17,394,143
10,854,829 14,356,032 15,256,7-=i4
2,7:^n,303
1,608,593
2,009.262
2,940.195
2,7J<1,537
2,364,604
...35,486,786 26,540,087 20,768.711
.'.'.".".'
14,'70J,492 12,515,137 16,242,993
110
lO.Ma
125%
4,375—Tho National Bank
27,418,378
140,408.000
7314
9.-,ll,,
90 '8
92-37>«
Cashier.
19.714,928
179,854,000
87%
9111, «
J2-59
4,373— The First National Bank of Kinit City, Missouri. Capital, $50,000. Joseph H. Ward, President; GeorRO Ward, Cashier.
4,374— The Butler County National Bank of Bntlor, Pa. Capital, $100,-
6.054,683
29,628,096
Clearlnx-Honse re'.ums
83Tg
74»8
1181a
lllTg
IWii
:
14.903,257
2«
105
120
9.1>l"«
»5l»i,
92-80
Fri.
recently been organized
4,371— Tho Iron t:ity National Bank of Llano, Texas. Capital, $60,000^
W. T. Moore, Jr., President; C. C. McClner, Cashier.
4,372 - The Union National Bank of Grand Fork.s, North Dakota- Capital, $100,000.
L. B. Richai-dson, President; Siduey Clarke,
4,214,611
29,010,877
lOOX
SOD,,
OJ^mmcvclal and ^tsccllattc0ws Heurs
OoTomment
2V<
105 la
Thuri.
U2-57»i) 92-72>a
f ref.
Northern I'acIHc, pref. ..
Pennsylvania
Phllndelpliln& Reading.
Union PaciUc
Wabash, pref
Other deposits
Ooowls
I12ifl
'M cons
Western,
25.123,090
4.007,839
Prop, assets to Uabllltles.per ct.
«krate
perct.
75 M,
110
Nashville..
75 '4
Mexleaii Ciiitral 49
>f. Y. Central & XIiuUou. llOHj
N. Y. Lake ICrle & Wesfii 2(l«3
24.889.820
Other
Beserre
Coin and buIUon
Paul...
Central
Lake Hhore
Illinois
2S,S4«.385
securities
securities
84^
I'a^'ltlc
28.275.318
Pnbllcdepoftlts
125^
U.8.4sof 1907
Wed.
6014
last
214
4
4
4
I
Tuet.
iji
Ban*
S9<
Hamburg
27.
Optn
3
fmnkfort
June
4.
Bank
Pan*
063,8
9fl>4
Fr'eli rents (hi ParlK) fr. 9'.J(J0
103 "a
U. B, 4i!jB0f 1H91
3X-3X
:
Ratet of
Inttrat at
Coni)oln,new,2^ Iierote.
do for aeeouut
rnnodluu
Uon.
50
ao<8
03l»„ Ofll,,
no'i,
90<U
Sat.
d &0
Sliver, per ni
I.<MiiHvllli-.V
for bullion are reported as follows:
The quotations
188
Great Britain
l-'rance
'
West Indies
.Mexico
South America
All other countries..
Total 1890Total 1889.
Total 1888-
Week.
SiiieeJan.l.
$161,849
10,714
393,202
$929,520 $9,983,1141
$19.5,347
$.'S.419,32»
278,030' 45,971,468'
198,878
21,005
4,472,980
4.490.378
'
11,000
'
'
1
167,940
|
I
Jan.
$3,242,035
710.200
2,272,833
2,359,788
3,600
1,271,431
123,225
$915,215
^
i.i-iniany
Sitice
3,305
I
6,000
18.596.450
$4,86:
2,.'V05.288
5,8-20
890,066
1,342.564
18,392
107,871-
.
.
.
Since Jan.
Germany
Hexloo
South America
542,617
283,635
355,044
178,263
544,383
12,946
25,431
51,110
other conntriee.
$89,487 $3,373,202
895,502
20,758
1,133,253
60,700
$1,448,841 $ll,43ri,581
60«t,ni4 11,313,120
6,720,162
235,3841
Total 1890
Total 1S89
Total 1888
Of the above imports for the week in 1890 $3,298 were
American gold coin and $8,384 American silver coin. Of the
exports during the same time $14,305 were American gold coin.
Banks.
—The Old Colony Trust Company of Boston, which was
incorporated under Massachusetts laws this year, is modeled
closeb' after the great New York trust companies. A surplus
of $500,000 was paid in, in addition to the capital of
$1,000,000, and the stockholders are personally liable for
$1,000,000 more, making this the strongest trust company in
Boston. The list of directors and of stockholders is one of
the best ever obtained for any Massachusetts corporation.
The company has begun operations under auspicious circum-
exi)ects to do a large New York business, as its
will make it especially desirable as agent in all
financial transactions for companies having business to be
done in Boston. The card of tlie Old Colony may be found in
OUT advertising columns among the trust companies.
and
management
—Parties looking
for a list of August investments will not
Co. of this
fail to notice the one of Messrs. S. A. Kean
city and Chicago, in to-day's Chronicle.
''
&
—
General C. T. Christiansen, for many years connected
with Messrs. Drexel, Morgan & Co. of New York, has been
elected President of the Brooklyn Trust Company. This company is one of the leading financial institutions of Brooklyn,
and the selection of General Christiansen as its President is an
,
excellent one.
'
— The Norfolk & Western RR. Co. have issued
a very neat
map of
the mineral territory tributary to the road, and which
will be developed by Jhe new branches and extensions. The
resources of the section of country are admirably shown by
this
map.
—
United States Sub-Treasury. The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the week.
Balances-
SeeeipU.
Dale.
2,312,065
2,795,528
2,627,159
5,065,025
2,900,640
6,621,243
81
Aug.
Payments.
Coin
Coin.
Bank of New York...
Manhattan Co
Merchants'
Mechauics*
America
Phenix
City
Tradesmen's
Cheniical
1
Butchers' & Drovers'
Mechanics' * Traders
Greenwich
Leatnei Manufact'rs.
Seventh National
New
Currency
9,376,195 162,532,172
9,531,446
2,963,438 162,072,220
9,786,990
8,889,'249
3,633,467 162,021,0141
2,188,5551162,024,3681 ll,5r)7,882'
2,011,007!161,P98,284 11,540.961'
1,973,646 162,003,878 16,065,280
6,773,141
6,809,63sl
6,752,278
6,956,781
6,989,399
7,107,083
Commerce
Broadway.
Mercantile
PacUio
Republic
Chathnra
North America
Hanover
Irving
City Ballroad^Secnrities— Brokers' Quotations.
»en. M.,6s,
Bl'ckerSt.
dL
Dry Dock E. B'y & B.—
1311
19liSf...A<fc0 107
mi. v. -Stk. 25
lutmort, 78., )90P-.J&J 112
Bi'dvay ± TthAv.-Sfk.. «10
lift
217
6>. 1904 .JdtD 105
68, 1914. ..JilkJ KIA
l«t, 6b, 1^1
'i4 1(15
arrt 68, int. an rent, '05.
lat mort.,
M mort
B'way
.
m
Brooklyn City—stock....
l»t mort. 58, 1902 .J<tJ
B'klyniToaH'n 6s., Ib08
Central C'ro»8town— 8L'k.
iBt mort, B8,1922.M<feN
Cent Pk.N.,t E.RiT.— stk.
Oonsola. 7s, 1902 ...]&D
173
106
108
IM)
119
118
117
Dry Dk.K.B.,& Bafy— Stk. 142
Ut Bort., 7*, 18g3..J&D 1U5
175
106
iin
155
122
12»
120
145
107
Sixth
Ist
Ave
mort,
I
l8tmort.
Bank Stock List—Latest
America.,
m. £xch
Aabnry Park
BANkS.
Atk
215
Bowery
,
304
QarHold
German Am.
German Ex.
'
Broadway.. 2V0
Bntohe'* D.- 186
Central
Obaee.
Jallatln
100
Com Exchange
Continental
Oriental
Importers'
140
275
860
4T0C 6000 Irvlnu.
100
6U0 620
Leather M(B' 253
170
'Lincoln
226
/30
MadlHon Sq.. 101
200 210
ManliatUu... 191
143
Market* Vul 230
J45
iMecIiauiCH'. 216
110
US M'cha',Jt Tre' 260
170
Mercantile... 213
160
Merchants'.. J8
1200
Merdi'ts Kx. 127
200
Metioiiolitan
3000
Metropolis. ,. 360
114
in lMtMorri« .. 3H0
170
MorrayHUl. 260
172 176
INauaa
170
136
Commerce.
Continental
Com Kxob..
Deposit
Kest Hirer,
lltb Ward..
ImiiATs...
Jlfth
prit
I
lUi'Sr^''
17.684.3
3.603,6
1,418,2
13,957,8
3,037,0
2.734,4
2,98C,5
4,087,6
760,0
4.6'S8.H
286,6
419,1
208,6
730,2
121 1
10,460,0
8,617,0
7.531,6
7,502,0
11,640.2
4,228,0
10,186,9
2.019,6
36.977,0
3,895,6
4,212,4
1,965,3
3,180,0
1,182.1
2,701,0
1,480,5
2,781,1
14,448,0
12,268,3
4,579,2
7.608,8
2,927.5
11,244,2
6,011,9
3,117,6
4,668,4
14,980,4
3,083,0
2,881,0
3,605,0
4,407,3
1,860,3
3,217,0
5,466,9
388,2
466.0
888,8
132,0
1,212.0
219,3
1,405,2
458.tt
472,9
112.5
452,0
110,5
261,0
3»,5
236,5
1,117.0
2,390,7
311,8
740,2
256,1
855,7
269,3
2,150,0
710.7
310,6
4C3,o
3,652,7
665,4
605,0
303,9
1,009,8
7'22,1
257,3
420,3
656.0
218,6
174,2
380,6
240.8
1,9.14,2
1-<1 1
132,7
2826
2,626,0
1,162.6
0383.2
481,0
781,9
2886
4,468,7
2.105,0
1P,7»1,3
19,774,9
2,110,9
1,222,3
17,85
7,120,0
4,252,0
5.092,0
21.015.1
6,998,8
1,484,6
2.316.0
2,809,3
2.714.7
9,871.8
4,582.2
2,970.4
2.722.9
345,0
211,0
702,3
369,3
1,435,0
386
1
4,802,5
23734
6686
117,6
3.987.0
3,302,0
144,7
191,6
3,103,6
1,152,0
1,199.0
1,308,4
5,443,1
1,086,8
284,1
V
2842,4
139,9
113,9
1.578,2
791,0
99,0
398,5
775,4
807,4
107,0
147,0
112,3
108,2
9i6,0
167,2
661,5
341,0
630,0
610,0
641,2
2,191,4
1,116,7
"
141
145,5
1,225,7
4461.2
8409.3
93,7
259,9
298,1
221,6
285,9
280,0
407.0
64,0
394,0
250,0
681,9
655,1
646,5
951,8
312,0
680,0
214,0
1,750,2
1,130,0
3,184,8
1,709,0
4,451.6
2.069.0
3,124.0
1 440,0
10,247,0
3,863,0
6,10.3.3
2,080.0
20,289,4
23.560,4
2,317,8
1,089,7
17,945,7
7,716,0
6,084,0
6,792,3
20,845,9
6,618.6
1 439,3
2,486,0
3,018,1
2,545,9
11,609,6
5,017,8
3,380,3
3,119,5
6,383,9
3,653,5
4,015,2
2,001,0
6,113,3
2,168,7
4,262,0
1,202,0
8,774,3
4,253,0
60.812.7 60.526.5 400.030.3 76.549.9 32/728.1 408,891,3
rotal
Vapitat
York.*
1,178,1
1,:!16.4
.
BAHiU.
368,7
121,0
148,8
692,0
326.9
391,9
2.819,0
824,5
(K
Sv/rvlut.
Loana.
L^oaU.
Specie.
*
Dditosite.i
$
28.... 121,339,2 397,071,6
July 6 ... 121,339,2 4.11,624,9
"
12.... 121,339,2 402,982,0
"
19.... 121,339.2 402.3.16,4
" 26.... 121,339,2 400,030,3
Oieann^s.
Ci'i:''.
*
$
75.411,0 32,614,6
76,448,0,30,975,3
79,255,4131.011.0
76,900.0|33,389.0
75,649,9 32,726,1
405,627.8 3,733,0 673,489,0
414,303,4 3,771.1 673,.=>27,8
415,933.3 1.781.6 632 917,4
414,2'i8,4 3,70 J,2 650,872,5
408,891, 6i3,606,' 587,762,3
Boston.*
July 12....
•
'•
19....
26....
64,835,4 154.985,8 9,817,6, 4,638,5 133.87 2,4 3.232.5
64,685,4 164,750,2 10.159,0 4,80 .,3 131,552,6 3.221,7
64,685,4 156,846,4 9,748,2 4,863,4 129,567,7 3,223,6
97,918.5
98.420.5
91,053,5
Phila.*
96.874.0 2,135.0 67,820,0
24,857,0
97,368,0 2,134.0 80,166,1
23,487,0
25,59 7,0
97,047.0 3.130,0 63,Sd7,3
* vVe oiau civu c%vneT» in alt these ftgures.
tlnoiadlng, tor BOKoa and Phil a
dsiptala. the Item '' due to other banks."
July 12....
10....
26....
35,793,7
35,793,7
35,793,7
99,107,0
98,886,0
98.7'23,0
Auction Sales.— The following were recently sold at auction
by Messrs. Adrian H. MuUer & Son
:
Shares.
12 Buffalo N. Y. & Erie EE.124
50 Consumers' lee Co
41'^
1 Memb'rshipN.Y. Produce
Shares.
25 Citizens' Nat'l Bank of
101 1*
C
50 Merchants' Nat'l Bank.. 157
Ealelgli, N.
BorulK.
$699,000 Boston Heating Co.
1st, 6s, 1899. Nov. 1, 1889
10
(coupons on), M. &N
$1,000 Cook Co., 111., 78,1392,
M. &N
105>fl
$1,000 Jersey City 78, Water,
100
fiO
45 Bowery Bank
305
200 Citizens' National Bank. 178
20 Mechanics ATraders'Sk. 279
1891, J.
&D
100-%&int.
$2,000 Lehigh & Wilkesburre
Coal Co. 78, consol., 1900,
Q.-M
115>6
$10,000 Lackawanna & So'w.
11
RK. 1st, 58, gold, 1929
SawMufl ana
Bid.
N.Y. Coanty. 550
N.Y.NatKx.
250
ISO
Ninth
158 161
N. America. 182 >a
North Kiver.jiso
360
Oriental
Paclflo
Park
People's
Phenix
Piodace Ex.
Kepnbllc
Seaboard ....
Second
Seventh
rShoe&Leath.
I
Dbla
lP,!t8;,0
122.2
240,0
181
260,0
3,200,0 1,700.5
678 1
2,000,0
Central National
289 6
300,0
Second National
3322
750,0
Ninth National
500,0 S,212,4
First National
317,9
1,000,0
Third National
14013
300,0
N Y. Kat'l Exchange
439,7
250,0
Bowery
428,3
200,0
New York County.
256,4
750,0
German-.4 merican
829,9
600,0
Chase National
778,9
100,0
Fifth Avenue
445,3
200,0
German Exchange
418,8
200,0
Germania
616,0
United States
600,0
287,9
Lincoln
300,0
327,3
Gaiiield
200,0
284,1
Fifth National
150,0
638,7
Bank of the Metrop...
300,0
West Side
353,8
200,0
181,2
Seaboaixi
600.0
Sixth National
200,0
873,7
Westei-n Nationnl
188,8
8,500,0
First National,B'klyn
736,4
300,0
Stock Association
J&J
3,404,4
6,107,3
2,101,5
2,790,0
1,201.0
3.009.7
Deposits.
62'2,0
1,204,5
20 N. Y. Transfer Co. Joint
1893
1,92.S.3
22,6.=i4,0
7,355,2
2,877,0
10,310,7
6,690,0
2.394,1
of Illinois
BANKS.
New York...
300
400
270
Greenwich... 145
Hanover
8«6
iHnd. River.. 160
Im. dfcTrad'8' 646
& Traders'
Park
North River
East WveiFourth National
4,770.0
9,770,6
5.7'20,8
300,0
1,500,0
2,000,0
8,8.S9,0
ll.o'2G,.5
2,000,0
1,102,0
2,054,5
1,509,0
2,054,6
844,0
2,088,3
358.8
7,475,9
510,1
883,4
864,8
969,6
663,0
288,1
644.1
600,0
500.0
750,0
600,0
600,0
1,000,0
1,000.0
S
prices this week.
Bid.
260'
Fulton
Leather
Legala.
*
11,030,0
9,573,0
6.914.7
1,804,3
3,376,7
1,678,9
I56I2
5 Long Island Bank
50 State Trust Co
185%-186
6 N.Y. Produce Exch. Bk..ll3i4
30 Standard Oil Ti'ust
167»a
25 Cherokee Construct'n Co.
St— Stock..
78.
&
Specie.
$
237,8
117,0
672,0
78,4
448,2
Exch. (all dues paid).. $750
51 N.Y. Mutual «as-L't Co..l22i8
Stock
Oermania
,
,245
78, 1E90.. J<feJ
Third Ave.— Stock.
l8t M., 68, 1937
I
Bid.
102
215
1C9
Istmort, 78, 1894..J.tJ
Ninth Ave
Second Ave.— Stock
l8t mort, 58, 1910.M;&N
I
jTwenty-thlnl
BANKS.
i
Scrlp6B
F4a!10O
BlKbtb Av.—Stock.
210
ElKhthAT.— Scrip, 68,1914 105
42a A Gr'nd St P'ry— Stk.i240
iBt mort., 78, 1893. A&O 108
42llStMauh.& StN.Ave.! 43
1st mort, 68, 1910.. M&S 113
2d M,, lncoiue,68
J&J
Hoa8t.W.Stcft P.F"y_Hf k.
108
27
&
—
St Nicholas
Shoe
1,200,0
5,000,0
5,000,0
1,000,0
1,000,0
422,7
1,600,0
1,000,0
600,0
Citizens'..
Nassau
Market
300,0
200,0
200,0
600,0
300,0
„
1,729,9
1,419,4
922,4
1,878,6
2,013.6
549,9
2,309,8
59,3
6,166,0
134,7
1,489,9
294,5
450,0
200,0
700,0
Peoples'
"
22,321,660^23,046,3081
AtlanUo Av., B'klTD.St'k.
York....
American Exchange..
••
Total.
—
Merchants' Exchange
Gallatiu National
3,000,0
3.050.0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750,0
300,0
600,0
1,000,0
June
Cert's.
Loaru.
Surpliu.
~*
>l.
$
July 26
•*
28
" 29
" 30
•'
\
Oapitoi.
lOOs omitted.)
State of
stances,
for the weekending July
We omit two ciphers (00) in all case$.
1,351
37,538
22,612
168,818
IFeet Indies
26, lt90, is as follows.
$1,467,906
$1,418,811 $10,923,538
881,075
Great Britain
France
^
Sinee Jan.l.
Week.
1.
LI.
New fork Citj Bank Statement
Import*.
ExporU.
Week.
11
IVou
THE CHRONICLE.
1134
... ...
1220
1180
117
1621a iStateotN.Y. 113
128 » Third
US
9'a Tradesmen's. 100
117
130
110
Unlt'dSutes 200
Western
109 Hi 109^8
Side..
Co.,
BANKERS,
Nos. 16 and 18 Broad Street,
ALBANY, N. Y.: SARATOGA, N. Y:
New York
City.
PROVIDKNCB,
R. L:
All classes of Sec irities Bought and Sold on Commission. Special
attention given to uvesttneut Securities. Direct wire 1,0 each olfloe
and to Philadelphia Boston aud Chioairo.
169'f
320
140
leo
St Nicholas. 125
West
Spencer Trask &
TRANS.1CT A GE.VEaAI. B.IIVKIVG BUSIKTESS.
308
215
141
112
190
IfluitttctaX.
200
SPECIAl^ NOTICES.
S^COVNTT BONDS— $54,000 6 PER CENT HARDIN
County, Ohio road improvement and ditch bonds, running from 1 to 4
years; assessed valuation, $11,374,380; total debt, $253,500; popula
tlon 35,000; legal investment lor Malue savings bauka.
Ottered by
tlieEQtJirABLE MoBTOAGK CoMPANr, '208 Broadway,
card on first page of Cbroniclb
New
_
York.
8»e
——
—
AUOUST
3.
—
:
,
:
.
THE CHRONICLR
1890.J
%®\i premium; St. I/iuis, 2.'5c. per $1,000 diMcount; Chicago, 50c. p<!r $1,000 dincount.
The posted rates of leading bankers for foreign exchange ar«
as follows
Jhjc gaulicrs' ^(iBttXt.
DIVIDBNDSt
recently been announced
The followinx dividends have
Par
Cent.
Satneof Company.
When
PayabU.':
Aug.
Bookt Olond,
I
135
^Day xnelwtitt.)
on London..
bills
2
4
8cpt
Haiika.
Manhattan Co
of
30
15 July 27 to
\f> Aug.
2 to
11 Aug. 1 to Aug. 11
Aug.
1
11 Aug.
'Aug.
Aug.
3
Pin- Inaiirauce.
Aug. 10 to
1
Auff.
Auk.
N. Y. National Kxclmngc
6 to
2 to Aug. 10
i;
™—
I
6
5
Peter Cooper
Westchester
ParU (francs)
Amsterdam (guilders)
July
I
8t.
Bank
lAuK.
m
Mnluc Cent nil
N. Y. ProvUlenro A B«8t«ii (quar.)
Paul* Uuluth. pref
'80 pt.
3
3
Chic. A Alton, pdiii. A i)rer.(auBr.)
Cln. Ilaiii. & l):iyton (i|Uiii-.)
Flint Jk Pi-ri> Marqiiutte, prof
——
—
l;July 18 to July 31
28
{July
Aug.
i
.HlMeellaneoUH.
Prov.
A
HtonhiKton
8. 8. (quar.)
Wegtlughouso Kleetrlo
iH lAug.
scrip Sept.
11 Aug.
lUng.
1 to
1
tn
Aug. 11
t
—
The purchases this week altogether amount to
which all but $414,850 are 4 per cents.
The statement for this week is as follows:
the
i}:4fi.
$3,367,700, of
—
4M Ptr
0/«r<tn)«.
gold and gained 1,300,000 francs in silver.
The New York Clearing House banks in their statement of
July 26 showed an increase in the surplus reserve of $330,725,
8,27.5,000 francs in
the total surplus being $6,053,125, against $5,702,400 tlie
*
previous week.
The following table shows the changes from the previous
week, and a comparison with the two preceeding years in the
averages of the New York Clearing House banks :
1890.
July 16.
Loans and
60,812.7001
:
60,i»2H.50fl
disc'te 400,0:10.300 Dec.2,.30ti.lOO
Circulation
Net
1888.
July 28.
$
Capital.
Surplus
1889.
July 27.
\Differen'efrom
Prev. week.
\
(le|>oslt«
Specie
I/egal tenders....
Beserve held
Legal reserve
I
3,606,200 Dec.
I
96,000
4OR.801,.'JO() l)cc.5,37 1.900
75.549.900 IJcc.l,:)50, 100
32,726,100 Inc. 357,100
1108.276,000 Dec. 993,000
102,222,875 I>cc.l,313,725
Bnrplns reserve.;
6,053,125iluc.
—
350,725|
60.7(>2,700 60,762.700
.54.030.100' 49,66(),6O0
416,761.300 37it,4S8,600
3,910.600!
7,565,200
437.301.700 412,909,700
72,i>39,200 91,113,200
44,175.300 39,230,400
116,414,500 130,343,600
109,325,425 103,227,425
7,089,0751 27.116.175
Foreign Exchange. The sterling exchange market has
Iwen for the most part quiet and strong. Posted rates remained at 4 851-^ and 4 89}^ until Thursday, when, with the advance in the Bank of England rate, one house raised short
sterling to 4 90, long sterling at the same time weakening
slightly.
The gold exports since last Saturday amount to
$6,.')5o,829,
including $4,000,000 engaged for to-morrow.
CmU dtM ISei.
10S»<
6,290
l(i,SH
71,850
83.0C0
11,000
I03H
10»H
IC3H
Total..
415.880
1415.850
The closing
1X14.900
5B5.250
318.500
lUSii-H
prices at the N. Y.
lai
124
vu,
124
124
950.700
193,050
595.250
318,500
213,550
243,550
103H-H
PWcM raU
Purth'a.
193,05')
Tborsdaj..
rrtdar
.
0/«rin«>
t8I4,BOU
950,700
1138,950
iia.ooo
TuMdar...
Wadn'adar
4 Ptr OtnU Out 1907.
Purch'a Pricei paid.
tl32,BS0
iia.ooo
5,2S0
71,850
88,000
11,000
aatortar ..
Mondsj....
124
1S4
$3.113.950 13,1 13.090
Board have been as followa
:
Interest
4>9S,
4>9<!,
1891
1891
1907..
48,1907..
4s,
68,
68,
6s,
68,
68,
*
cur'cy, '95.
,'96.
cur'cy,'
cur'cy, '97.
cur'i'i '98.
cur'jy. '99.
July
July
July
July
July
'Aug,
Periods
'
lower figiu'es.
In our railroad events the chief things this week have been
the passing of the dividend on St. Louis & San Francisco first
preferred and thefailure of the New England directors to even
notice the subject of any alliance with the New Haven &
Hartford Company; the late rumors on this latter subject
appear to have been groundless, as heretofore. The wuole
Western situation has greatly improved, as a matter of fact,
by the steady advance in wheat, corn and oats during the past
few months. The clamor for lower rates on grain has less and
less foundation with each cent advance in the market prices.
The open market rates for call loans during the week on
Btock and bond collaterals have ranged from 2 to 6 per cent,
with 4 per cent as a fair average. Prime commercial paper
is quoted at 5(a5J.< p. c.
The Bank of England weekly statement on Thursday showed
a gain in specie of £76,000, and the percentage of reserve to
liabilities was 38'-57, against 38'90 last week; tlie discount rate
was advanced to 5 per cent. The Bank of Fiance lost
4H8>1«4 Hn\
4 89>s«4 90
95"»96<?
or Bremen (relchmarks)
99>s«9S^
United States Bonds. Governments bonds have been
firm and the purchases by the Secretary of the Treasury ha^e
been at 103'4'dl03:!4 for "the 4}4 per cents and 124 for the 4
per cents. The Secretary accepted offers late last Friday
afternoon that were not mentioned in this column a week
ago, to a total of $350,000, paying 124 for the 4s and 103;!^ for
Prankfoi
WAI.L 8TKKET. KKIDAY, AUl3U»T 1. 1S9U-3 P. M.
The Money Market and Financial Situation.—Tlie week
has continued very dull iu Stock Exchange circles, and the
chief interest has centred in foreign affairs, including our
own exchange market and the large export of gold. Silver
also ha.s corae into prominence on speculative dealings, and
has risen sharply in the price of bullion certificates. It is generally accepted that the gold exports are owing mainly to the
financial troubles in South America and the consequent advance in the Bank of England rate to 5 per cent, which causes
London to be a seller rather than buyer of American securiTil is is a situation which we must always be prepared
ties.
t J face, and the more our securities are held abroad the more
cosmopolitan we will become in being more deeply interested
in financial peace and prosperity in every quarter of the globe.
The silver movement is something new and not easily understood by outsiders, nor its prol)able future course estimated.
The United States Government having been forced by the new
law into the position of a large buyer every month, the silver
speculators here and abroad will probably try to effect a
species of temporary corner on the market supply; as a mere
guess at the course of affairs, we may prognosticate that there
will be a further rise of more or less importance, and after
considerable unloading, a final collapse in the price to
4 85>«
4 83U«4 83>9
5 199^99 t8\ 9 17i«99i6''«
401|*340>4
40«B*40T,,
Oocnnientary commercial
Rallroada.
Dememd.
Sixty Dayi.
1.
Prhne hankers' sterling
•26.
28.
29.
30.
31.
1*
reg. Q.-Mch. •1031s *103Vi *103i2 -10:l'a
coup Q.-Mch.
rcg. (J.-Jan
.
coup.y.-Jan.
.reg.
.loK.
.reg.
.reg.
.reg.
.reg.
nosn^ *x02i«
•10359 M0358 noSSg
*l».3i2 *103i3 *103i<,
•123% '12-3Jk *l23«i *1'23-'^ •123''8 *123''8
•123% 124 *123% '123-'8,*12378 *123''8
*113 1-113 *113 '113 •113
u. o. o. *113
J.(*H5ia*115is»115 *115 *115i!j *115»»
J.
J.l*117ia*117i3 '11712 *117ia*117iii*117««
J.
'120 *120
J. i J.|*120 i*l-20 ,*120 ,*120
*1'23 1*123
'123 '123ia'123>«
J.l*123
J.
&
&
&
This l^i the price bid at the morning board
:
no
tale
was made.
—
State and Railroad Bonds. In State bonds there has
been almost nothing doing, the only sales being Alabama
Class "B" $2,000 at 110; North Carolina special tax trust receipts
$6,000 at 6@7% South Carolina non-fundable sixes $30,000 at
Quota4}^; Virginia deferred 68 trust receipts $5,000 at 10)^.
tions are but slightly changed from last week.
of railroad bonds, with the exception of Atchison
Prices
incomes, have been pretty well maintained, and some issues
show a slight improvement. The Atchison incomes, however, have fallen gradually on sales occasioned by a fear (perhaps groundless) that the expected interest will not be declared
at the meeting on the 5th inst, though to-day a director says it
wiU be 2|^ p. c. They close at 64}2i as against 66 last Friday.
:
;
—
Railroad and Miscellaneons Storkii. Several unfavorable
circumstances have combined to disturb prices for stocks.
Early in the week came reports of the Argentine insurrection,
of the heavy fall in Argentine securities in London and the
consequent selling of American stocks by foreign holders, and
finally from the West rumors of injury to the crops.
Prices
fell off, but later recovered somewhat, the recovery ijeing due
in part to the covering of short accounts. On Thursday, however, the market was a little surprised by the advance in the
Bank of England rate from 4 to 5 per cent especially in view
of the fact that the condition of Argentine affairs has improved.
Sales for London account followed, and these,
together with the continued shipments of gold, led to a moderate decline in prices, and to-day most stocks are from "^ a
point to 1)-^ points lower than l^t week St. Paul common
closing at 721.3, against 73^ last Friday, Louisville & Nashville at 84^, against 86}^, and Union Pac. at 61^, against 63i^.
The coal stocks have held up better than most others, the condition of the coal trade being more encouraging and the
Reading statement for seven months a very good one.
The dividend on the St. Louis & San Francisco first preferred having Ijeen passed, the price of that stock declined
sharply and sold on Thursday at 70, against 88 bid last
week; it closes at 72. Atchison stock was also affected by
this, as well as by crop rumors and bear attacks, and closes
at 42}^, or 2J^ points lower than last week. The fall of seven
points in Edison General Electric is said to be due to the selling out by some of the members of the former pool or syndi-
—
—
cate.
Sugar Trust receipts have been largely dealt in, and from
closing last week touched 73J^ on Tuesday, and to-day
were up to 82)^. American Cotton Oil receipts have also attracted some attention. Quoted last Friday at 281^ J) 29 they
advanced sharply, and to-night close at 30^ having been as
high as 321^ on Wednesday.
Posted rates to-day for sterling are 4 SSJ^ and 4 89>^oS4 90,
The sales of silver certificates have been large and at conand actual rates are: bankers' 60 days' sterling, 4 84%®4 85; stantly improving prices, the net advance for the week being
demand, 4 88^(34 89; cables, 4 89%(§i 90.
4J^ points. The sales were as follows: Saturday 65,000 ounces at
The following were the rates of domestic exchange on New imira KWi. Mondav 315,000 at 109''3Ca) 10!) /„, Tuesday 585<000
York at the under-mentioned cities to-day: Savannah, buying at lOflJ.OlfOSs, Wednesday 605,000 at llOJ^dlU; Thursday,
par, selling %@}4 premium; New Orleans, commercial, 25c.
Total
l,415,(X)0 at 111® 1131^, Friday 778,000 at 118?i®113;g.
premium; bank, $1 premium; Charleston, buying par, selling 3,763,000 ounces at 109^ to liS^g.^l
77Jii
,
.
.
.
.
1
THE CHRONICLR
I8ti
[Vol. LI.
AUG.
STOCKS-PRICES AT N.Y. STOCK EXCHANGE FOB WEEK ENDING
AND SINCE
1.
Sales
of the
HIGHEST AND LOWEST PRICES
BTOCEB.
RR.
Active
Saturday,
July 26.
Stocks.
44 13 44'8
* Santa Fc.
Atcbl»on Top.
*7
&
Pacific
AtliintiiCaiia<liu[i Paclttc
7>4
Tuesday,
July 29.
Monday,
July 28.
4356
7
795e
Wednesday,
435g
441a
•7
7
July 30.
*32iij
*32V 34
23%
Chcsupeuke &0.— Vot.Tr.ccrt. •2358 24
65I4 •64
65
do lilt pref..
Do
4514 45
do 2d pref... .,„„-,„. 14 •4413
Do
13414
135
I'JO
Chicago & Alton
•6%
7I4
7914
79 14
37
36%
33%
65 14
Shares.
•63% 63
7%
56%
124
23%
64%
•64% 65%
65 Is
42% 43%
33
23% 23%
23%
42%
1.
80
57
•6%
•32% 34
34
Aug.
44
4314
714
Week,
Friday,
80
57
44%
79^8 •79% 80
8-2hs
-56% 5714 56I4 56%
*56>2
125>3 1251* I25I2I2512 124 126
Canada SoiilUem
Central of Nf w Jersey
Central Pacific
Thursday,
July 31.
X3214
23 14
23=8
64% •64
658
7914
126% 124
4338
73,560
668
Do
126%
32% X3214 3214
23% 23 14 23 14
263
1,815
7258 74
73% 73-3e 72% 73% 7214 73
7314 7313
•^934' 100
99% 99% •99% 100
*99is 100
100 100
3014
30
30% 30% 30% 31
SOia, 30
3018 301s
16638 166% 166% 166%
167 167>4 I66I4 166% I6714 168
"
147 147%
14758 14816 146I4 147% 146'6 147'8 14734 148% 147 14 14'
I8I4 I8I4 -18
18%
I8I4 ISI4 •1814 19
•I8I4
5459 5538
55% 55% 5514 55% 5338 53% 5338 53%
5513 55I2
-9
•9% 9%
*9i8
914
914
•9% 9%
9
912
91s
912
-76
•76
•70
78
78
•76
78
78
78
76
78
*a9i3 100
30a8 305s
I6714 16714
pref.
ColumbusHockingVal. &T0I.
Delaware Hudnon
Delaware ijickawannaatWest
Denver A: Rio Grande
*fc
Do
prof.
East Tenncaeee Va.
& Ga
Do
Do
76
iBt pref.
2d pref.
Kvansvllle & Terre Haute
Great Nortberu, pref
miools Central
Iowa Central
24
23
23
125
1*
118
118
9% 10
*28ia 30
I
pref.l
Erie
& Western.
.
.
•9314
Do
& St.
& Tex.
'9314
11138
•6
•14
9414
111
7
7
*14
•14
17
17
20 14 2014 20 14 20 14
73 19 73%
721s 7338
pref.
asB'nt paid
all
MiiriKiuri I'acttic
-9314
"6
6
Louis
,
9413
110% nils 111
pref.
I>o
Mo. K.
117
83
9
28
9
28
18%
65% 65%
•18
I8I4
.
Hew York CUc. & St.
Do
Do
-16% 17I4
Louis...
1st pref.
2d pref.
45
110
110
110
25% 25%
25%
Do
25 '8
•65
48
•262
48-ie
267
•19
1938
8
331s
211s
•71a
•33
•2013
•6118
36I4
pref.
AWestem
pref
Hortbern Pacific
Do
611s
36I4
825e 83%
Ohio A MISRlselppl
•2414 2514
'
*22
Ohio Bontbcrn
23
OreKon K y A Navl(!ation Co. •10213 103
OreKOD Sli. L. & Utah North..
45
45
Oregon A Trans-Continental..
471s 471s
Peoria Decatur A EvansviUe
•20
21
Phila.A Read.Vot. Trust. Cert. *45is 46
Pittsb. A West., pref.. tr. certs •37
40
BlchmoudAWestP't Terminal 2214 221s
Do
•81
83
pref
pref
Elo Grande Western
„ Doatertown
Bomen
.
.
'22
•13
23
53
121
131
14
•88
ri09
.
•51
pref.
AOirdensbg
A
123
Bt. Louis Alton
T. II , pref.
Bt. L. Ark. A Tex., trust rec.
St. Lonls
San Francisco .
Do
Do
A
Bt Paul A
Do
116
•9% 10
28% •27% 28%
17%
1'
1814
•44
47
•108% 110
25
2338
•6
•14
7
20
7
17
2014
72% 73%
^3%
251a
25%
65
47%
481s
•262
19
•71a
•33
•20
611a
351s
81%
•2414
•21 la
39I4
•3814
•38I4
2534
3914
Wabash
"
.
•64%
48
3914
26
17
20
•14
--
20
721.
7258
21
200 33
120 100
109
3,335
48% 49
49%
7%
8
331s
32
22
20% 22
611s
35^6
8212
2514
eo-'s
34
6138
35% 36
81^8
8238
24
25 14
21% 23
46%
•20
431s
•37
22%
•81
'21
45
43
471a
21
20
21
45%
4538
40
37
22
2;iia
83
23
•81
•21
•51
51% 51%
116
125
121
131
•1314
14
88
88
110
33
21
109
116
•125
109
I3I4
20
4514
•37
40
22 14
82
24
53
121
131
20
4538
40
22% 22 14
•81
•22
(iiiif"
'
nref
WheelhiKA LakeErle...
.".i
do
nref
_. Do
2(J38
411s
6318
3514
13
26I4
*'2R
38% 39
76%
7«3o
Wisconsin Central Co...
ntacellaneoa* Slorkit. 41
Atner. Cot. Oil Trust receipts.' *28i2
291s
I
•108
20%,
32
82
24
>125
800
'3814
25»4
•38% 39 14
3914
23=8
47%
•20
...
75
109
'108
32
20% 20%
41%
41
34
627»
3414
121s
12%
203a
4138
62% 62%
31% 34%
12=8 12%
26 14 26%
38I4 38%
7638 76%
37''8
7558
28I3
3858
761*
28%
28
80
2514
•64%
23
103
40
47
21
44% 45%
•21
23
IOII4 IOII4
•44
46
4638 4668
20
40
'37
21=8
•81
*22
22 14
82
24
53
•81
•21
13% 13%
70
71
20
44% 45
•37
21%
17,800
40
13,693
217,
82
23
53
117
131
14
400
72
72
922
'109
Ill
•51
'113
'125
•13
•32
•58
300
41=8
62 14
•34
110
31% 32
19% 20%
62%
34%
12% 12%
26% 26%
38=8 38%
76% 7738
28
28
10
109% 109%
3214
2058
4138
28
31
3014
4034
2038
4138
61% 62 14
61%
800
31%
6214
41
•34
12%
3,800
2,243
40%
1,903'
39,618:
34% •34
33
12=8 -12% 13
26
25% 26
26
38 14
54%
905sj
51U siu
S.iif^.f ^""r?'.""*''""'">ii
Co orado Coal A Iron
.1
Columbus A Hocking Coal
8938
•31
I
OonnoudatedGasCo....
DlstUllnp A Cattle F. Co
rd.Koii (ienenil Electric
Laclede Gas (St. Louis)
Hattonall.ead'Pru.st.
•
I'ii
Ore«on Improvement Co
Pnllman Palace Car Co
BUver liullion Certificates'"
HUKar iiennciicsCo
Coal
A
Iroii! !!'.;;;
wSS™ ?«f '""Land TrCi'
wettem tulon Tei«j»n..i.
•
Tb«M are the prices
lis
bid
45V
114S
U 22%
-
--2138
•45
-
2168
1091.1
76%
•49
19
*835e
54'8
9038
91t4
45 14
100
45 14
31
55
90%.
1
31
99% 99%!
4538 4o3e|
114% 110 lU
21% 21% 21% 21%
2058
21
455g 46I4
S'j'a 89%!
20% 21
•44% 45%
46
46 14
81% 89
220% 221
220 220%
100% 109-%109%i 100% 11038
2
7758
5014
74% 70%l
:f^
100
19%
,^«
100
i
1934'
83% 83%l
73%
«^
•19
7768
50^
21
83% 83%
and mkel; no3.ileai,U<ialthjB>jiM.
;
June 10
June
33% May 12
19%Miiy 15
68
Jan. 31
114% June 5
95 July 25
241 92% May
5
21
54% Mar. 10
May 16
Jan. 11,117
Feb. 18' 31% June 4
92 Mar. 4 104% June 6
91% Mar, 3 104 Jan. 23
108 Apr. S 117 Jan. 23
3% Mar. 7 8 May 3
12 J.an. 3 20 May 9
2058
9% Apr. 23 79I4 July 16
May 10
6934 Apr. 11
13 Jan. 7 2238 July 14
Apr. 22
Jau. 6 105
10!
106 Feb. 19111 June 3
16 Feb.- 24 ISHJan. 27
70 Jan. 7 73 May 5
36 Feb. 21 12% May 5
2334 Apr. 12 29% Mav 19
17%
.3858
7658
7714
28% 28%
383e
3858
76 14 77
28I4
35% Jau.
13
35 Apr. 21
20 Feb. 21
76 Jau. 18
15% Feb. 27
40 Mar. 3
104 Feb. r?
115 Jan. 7
12% May 6
16 Jan. 11
36% Jan. 27
70 July 31
31% Jan. 18
82% Jan. 18
109 July 28
29% Mar. 5
19% Apr. 12
3.300
28%
I.900I
48% May
41 May
28I4 Mav
87% May
24% May
53% Jlay
120
13014
67
3
19
13
21
21
10
14
July 24
May 13
IO5I4 May 24
3834 June 16
99
115
July 18
Jan.
9
3714 Apr. 22
4
7
Feb. 24
2
10
14% M.iy 9
36% Mav 15
67 May 15
24% Mav
42% June
68% Jan.
3J%July 10 3858 May
12 Feb. 23 15 May
35 Apr 11 31% May
30% Jau.
61% Apr.
6
24
20
13
28
8
13
14
42tvMay 19
79% Mav 19
27% June 23 36%
Jau. 10
31% 15,260 24 Feb. 21 34%M.iv 19
54% 55
51% 5434 34% 51% 2,165 41% War. 13 65 May 15
90% 90% 90 14 90% 9OI4 9058 12,4(!9 68 Feb. 20 9II4 July 28
51
5038 51
51
50% 51% 1,750 SOUJau. 2 54% June 6
•30% 31% •31
•30% 31%
32
100 13 Jan. 10 33 .Tuly 16
9JI3 99% 100
•99% 100
100
1.554 92 Jau. 2 107 14 May 16
•45
46% 45% 45% 45% 45%
500 36I4 Mar. 4 4334 May 24
110 112
104% 107% 106 IO714, 5,0.53 92% Feb. 1 119 May 21
'21
21
21
22% 21
21
950 13 Apr. 14 28% May 14
2II4
21
2034 SI
2034 21
15,480 16% Feb. 21 24% -May 15
45
•45
45% 45
46
47
210 435s Mar. 12 54 May 12
46% 47
45% 46% 45% 46
5,S07 36% Feb. 27 47% July 18
88
89% 876s 88% 88I4 8958 651,000 79% Apr. 8 108i4Jan. 21
2014 22OI4 218% 220
X210%21li%
1,605 187 Feb. 2S 222 July 24
110^ 111
111 113% 113% 113% 3,76j,ooo 97% Jan. 31 113% Aug. 1
7730 78%
77% 79 14 79% 8214 238.203 50 Jan. 1(1 fl5 May 21
49^ 4914 49
49% 49% 49
1,400 43% Mar. 17 89 Jau. 7
30 96 Mar. 18 119 Jan. 27
•19
•19
21
21
19
20
100 18% Apr. 21 2334 May 20
-83% 84
83% 835(. 83% 83% 2.1441x81 % Mav. 20 87 May 14
5 P.-bM Iron both ExcUaagc...
x Ex divldeud.
3014
5038 51
51
32
46
46% 47
88'e 89%
222
29% 30
29
55
51
•301s
inn% 100
"'•loo
:;:::i
Pacific Mall...
Ptp* Line Certlficaiesv".'""
*»i"i<l^s<-e
3>>
2858
5459
9014
86
5]
1,100,
700|
2,000,
3.423i 30i4Jan. 11
1
29
19|
1334 Apr. 17 24 June
282 97% Apr. 11 108% Apr.
403 43 Feb. 28 56 Jan.
6,08(i
33% Jan. 8 52 June
300 10% Jau. 17 24 May
97% 97%
3238
62
June 16
4 858
•125
14% '13% 14%
411s
25% 26
3,300
20,212
765
220
•38%
3234
7238
107% 107%
16% 16%
•70% 71%
51% 51% 50
116
'xll3
89
31%
2014
10734
-1658 I7I4
45%
45I2
19%
71 14
'21I4
107%
•102% 103
45
30
400
7
18
22
101% 105
•21% 23
•21%
102% 102% 101
46
46'8 4738 4714 "4714
46=8
23
94
111
22
101% 105
•64%
-64%
•262
269
18'8 18'6
19
91
3214
*20is
4lia
63i8
"341k
*12ii
""
Do
-14
2
May 7
July 13Jan. 24
23% 9,820
100 59 Mar. 31 69% May 23
47% 48% 20,100 4314 Jan. 7 52 14 May 16
262 268 262 268
262
244% Jan. 10 270 June 16
1858 18%
1858 18%
19
19
2,523 1714 Mar. 11! 2234 May 20
-7%
•7%
r
-7% 8
8
9 May 10
638 Mar. 25
3238 3238 •31% 32%
32
124 27 Feb. 271 34=8 May 12
32
•20
211.,
19% Mar. 28 24% May 6
60
60
60
60
410 59% Apr. 14' 6636 May 20
33% 35% 3538 35% 3514 35% 3,145 30 Jan. 13j 39% June 10
82% 8208 81% 81% 8138 815(. 8.878 7134 Mar. 19] S6 May 19
-24
25 14 -24
25 14 •24
23 14
19i4Apr. 11 25% June 6
25% 25%
pref
TeZBaAPaciflc
Tol. Ann Arbor A N. M
Union Pacinc
VdIod Pacific Denver A
-6
•32
pref.
let pref.
Duluth, com.......
Bt Paul Minn. A Manitoba
Bouthero Pacillc Co
7
May 17
Jan.
Feb. 20120 Jan. 31
Feb. 19 12i4May 12
110 17
520 62
24% 21%
'6
1658 165s
16% "l6%
•71% 7214 •71% 7214 •71% 72 14
72 14
Fob
2234 Mar. 4
Feb. 28
Mar. 1
3,340 104% Jan. 15
66
109
May 15
9% May 15
83% May 26
61% June 10
138% May 14
2.-.9
I8I4
66
94% •9314 94% •93% 94% 94
111% •110% 111% 11034111% 111
17
20 14 20 14
IV 14
165s
•711s
*38i4
65
72 14
39 14
26
lis
•38I4
Kew York Lake Erie it Wesfn
Do
pref.
Hew York A New Enclaiid
Kew Y'ork New Hav. <t Hart.
Kew York Ontario & West
Hew York Susquehan. &. West.
Do
28
5038
Mar. 27 36%
Feb. 24 27%
Mar. 1 66%
Feb. 21 46%
Mar. 6 135
Feb. 28 I514
Feb. 21 111%
109% 109%
10958 109%
83(1 86
•93% 94% •93% 94%
Mar.
94% 93^8 94
86% 86% 86% 84% 85% 84% 8514 21,509 82 14 Feb.
2II2 211s
2138 2138
21% 21% 21% 21%
Mobile &Obio
10134 105
Nasbv.Chattanooffa& St. Louis 101% 105
101% 105
101% 105
Mew York Central it Hudson. 108 1081s 1071s 1071^ 107% 107% 10734
Horfolk
820 71
529 114
14
6
•9% 10
65:% 653b
IIOI4 li'9% 10958
66
15
—
125
•96
MlcbiKan Central
MUwaukee Lake Sh. & West..
Hinneaiwlis
120
80% 80% 81% 81% •82
116 117% 117% 117% 116
80%
•9% 10
•28% 30
•2812 30
•17% I8I4 •17% I8I2 •1778
•65% 6636 •65i« 66I4 65%
nref
Do
109'e 109''8 109%
I.ake Sbore& Mich. Southern. IO9I2IIO
•9312 94I2
9318 931s •93%
Lon^l8iiand
85^8
86% 863e 85=8 86
Louisville <S NaehviUe
•45
•45
45
47
47
tioms. New Alb. & Chicaj^o
Haubatiau Elevated, couiwl.. 10914 llOis •109 llOij 108%
2514 261a
24%
Mexican Central
-261s 27
Do
Idke
22% 22% •22% 23%
125
•80
116
80 14
116 116%
*9i8 10
I
23% 23%
•22% 23%
23
125
80 14
.Tan.
1890.
4,862 101 58
May 10
6,400 26% Feb. 3 46% .Tuly 15
300 70 Feb. 3 93 Jnly 14
58,31'
0618 Mar. 4 7958 May 26
1,370 11234 Apr. 9 123% May 26
2,017 107 Feb. 21 117 May 2S
332 140 Feb. 5 148 May 6
29,490 88% Feb. 19 OS's Jan. 4
223 15 July 22 18i4Feb. 26
300 43% Jan. 13 53 Feb. 26
600 31 Mar. 6 36% May la
92 Feb. 19 100% Mav 10
8,017 66% Feb. 21 8OI4 Jnue 10
103 96 Feb. 17 101 May 12
4,876 18% Jan. 13 3214 July 21
2,187 147 Jan. 2,175
May 14
39,889 X13438 Apr. 2 149% July 21
Apr. 1 20 14 May 15
14%
8,402 43 Mar. 20 5658 May 15
440
838 Apr. 14 11% May 21
67 Jan. 6 81 May 21
730 20i4Jan. 20 2714 May 21
96 Jan. 17!127 June 27
73% 73%
St. L...
30
22%
310 38
650 37%
22 129
300
65s
UU
pref.
&
Do
3038
1,
Highest.
438 Feb. 27
7158 Mar. 19
800 32% Feb. 27
110 113% Feb. 4
.
OeTe. Cincln. Chic.
Lowest.
1,300
-44
44% 44% 44 14 44% 43% 43% •130
45^1
133
130 133
130 135
1341s 132 132
14
•13% 14% 14
-1334 14
14
14
la's
]2>s 1313
Clilc. i Atl. Bcucf. Tr. Hoc. -I
IO6I4 106% 10634 IO714 103% 10658 106 106%
*107 lOTi 1061s 107
CtlcaKoUnriiiistouAQuincy.
43 14 44%
45I4
4538
43
45% 43
45 14 45
45
45>9 46
CbicaKo & Eastern Illinola..,
94% 93% 93% 92% 92%
94% •92
04 H) •92
941s •92
pref. > -93
Do
7258
73 "a 73''8 7258 7318 72T8 73% 72^8 73% 72% 72% 72% 117%
ChicaKO Milwaukee cSc St. Paul.
1181*118% 11818 118% 118% 118% 11734 117% 117% IIII4
118 118
pref.
Do
IIII4 112
111 111% 111%
Illl2ll2>i 11058 11138 11114111%
Chicago & Nortb western
145 145
144 145% 145 143
145H! 144 1451s 144 145
pref. 144
Do
90% 91% 90% 9138
91% 92
9038 91%
9034
90
9058 91
Chioaeo Rock Island A Pacific.
•13
•15
15% 1534
17
•15
17
17
•15
•15
17
17
ClilcaKO St. Louis & Plltsburff.
43% 43%
45% "32" 45
44^8 45I4 •43
45 46
45
45
Do
•31
C"'33
32I4 32I4 •32
32
34
321s
321s 3212 •32
Oblca*ro St. Paul Min. & Om..
j
1S90
1,
200
79 14
57
JAN.
Range Since Jan.
3214
3068
32
3068
'
;
'
1
Adoust
.
THE
i680.)
3,
CnROJNlCIJi
INACTIVE 8TUCKS—Onotations
Alh'nvit
20
Bnlt.
&o.
2'^'4
...i
pref.]
Biirl.C.R.&N'o.
3
3:1
«
i
Kook.AUcsM.
do.
3
J'""'.
KiDE^. A Pcnibl
3 'a L. K*8t. I.. 0.'
2>a
150
I
do,
I
I
i
14
I
o'
16
18
33
pref.j
Niit. riTt.l
BXILBOAD Axn MISCEU BOHDS.,™??
O/oi'nff
,
.
i'i
\reriod.
5
15
I
1
70
00
srar
A^k.
i
I
Man. Beaob Oo
Mamball Coal.
80
100
3H
I
'
I
I
;
;
14
I
'
'
1
I
!
.
i
i
Loaett,
ExproM
71
WelUr.ACo.E.I 142
U.S.
I
1
STOCK EXCHANGE. AND RANGE SINCE JAN.
N. Y.
Rangre tlnce Jan.
1.
Bauboad akd
Olo^ng
M18CEL. Boiros.'^'e''*'
Hightst.
Period.
\
;
\
Mar.
1
Lotoett.
7014
1
1
ll
'
1
I
110i4Mar.
1221a Jan.
107
!
1
,
.
M
1
mas:
.
MAN
. . .
M
M
—
AN
. .
1
MAN
M
.
M
AN
C—
ii'.
.
.
Dim
AN
I
,
I
AN
I
,\,
.
.1
I
I
I
'
Mote— The
letter ••])" ludloates price iut,
and " a" price atked; «U otbei prices »a4
tlje
range are
tro-M.
101 3s
118
99 14
119
115
June
Feb.
June
June
July
113i3May
I
,
May
113% Feb.
Uoi May
1
!
MAS
MAN
May
May
128 Apr
07 Jan.
117i3Juna
134% Apr.
1
.
May
;112
May
139ia Jan,
I
.
Jan.
1
1
:i32
1131a
i
I
33
1045hApe
I
AN
1.
higheti.
I
88
Feb
180a
1,
Price
liiff,
I
Jan.
Feb.
July
71 "a
146
Range Hnce Jan.
128 b. 128 July
May Nash. Ch. A St. L.— Ist, 79.10131
CODBO.. 5 g
19281
May
108%b. 106% Jan.
24 14 May ,N. Y.Contrai— Extend., da. 1893, M A Nil02.%(l>. 10138 May
82 la .May
lat. coupon., 78
1903IJ A J 127 b. 12738 July
110 Feb.
Doben, 38,coup.,1884...1904!M A 81
110 Mar.
Mar. 100% July N. V. A Uarlem— 78, reg...l900 M A N|126
124% May
Aug. 122 Jan. N. Y.Chlc. ASt. L.—4g....l937 A A O 94
93 May
N. Y. Elevated— 7a
1900 J A J 11 212b. 1121a July
Jan. 128 Feb.
Jan. 1131a Apr. ;N. Y. Lack. A W.— Ist. 63.. 1921 J A J|131isa. 131 July
Construction, 58
1923 F A A'
llliaFeb.
Mar. I1I6 Jan.
May 103 Apr. N.Y. L.E. A W.— l8t,con.7g.l920 M A 8 136 b. 1341a Apr.
Long Dock, 78
1893 J A D 107iab. 107 June
Jan. llOia Juno
Con.sol., 6 g
Jan. 116% Mar.
1935AAO'l20 b. 119 May
2d consol., 6 g
9838 Mar.
1909 J A D 103
1890 A A O lOl'sb. IOOI4 Apr. 102''a Mar.
Land Krtint (1 jt
N. Y. Out. A W,— I8t,6g...l914 M A 8 112iab. 1 1038 Mar.
Feb.
Chea. A Obio.-Mort. «g..lUll A A O
1151a Jan. 118
Consol. lst,5g
1939 J A Dj 07%
96 Mar.
lOaO .MAN loo's!). OO^a May 1031a Apr.
Istcousol. 5 (T
96I2 Apr.
K.&A.I>lv..li'(Con..2-4K.l!iK9 J A J! 71%b, 69i3Mar.
731s June N.Y.Sus.AW.— I8tref.,5g.l937 J A Ji 99
Midland of N. J.— g
82 July
82 July
1910 A A O 115 b. 113 Apr.
do
Islcon. g., 4..19H9 J
J
77 May INorf. A W.— 100-year, 3 g.l990 J A J 90 b. 95 Mar.
l'.)H9 ,J
2d eon.. 3-4 K
J 73>4b. 671a Apr.
Ches. O. A So. W.— (i K
1911 F
A 10«isl). 108 Mar. 1131a Jan. North. Pac— Ist, coup., 6 g.l921 J A J 1151a 113% Jan.
General, 2d, coup.,
July 129 June
g. .1933 A A O 115 b 110% Apr.
Clil.-. Burl. A Q.-COD. 7... 1909 .1
.r 124^b. 124
General, 3d, coup.
1937 J A DiUl b, 10914 Jan.
Dubentiire 5s
19ia|M & NlOlSj 10134 Aug. 105'h -^pr.
g
104 14 Mar.
90 July North Pac. A Mou.— g...l93s
Denver Division. 4a
192^;F A A| 925tb. 92 'e Feb.
A 8 109
91 14 July
Nebraska Extension 4s. .192?! M A N!
94>4Aiir. No. Pacidc Ter. Co.— 6 g...l933 J A J 110 b. 106 Jan.
II314 July
CWe. AE. 111.— 1st, 9. f.,tis.l9()7iJ A DllS^h. 11618 June 118 la Juno Ohio A Mi».s.— Conaol., 78.. 1898 J A Jl
Consol.tig
1934 A A O 121Hib. 110 Apr. 1211a Jan. Ohio Soutueni— lat, 6 g....l92 J A DI107
106*a June
General luort., 4 g
1921 M A N| OOifib, 59 Apr.
Oeneralconsol. lat, i>s...l937|M A Ni 98 b. 95 Feb. 100 Jan.
Chlo. Ga*. L.AC— 1st, 3 )?.19;i7lj A jl 91 '4b. 90 3i Jan.
981a May lOmaha ASt. Louis— 4 g.... 193: J A Jl 79 a. 7312 Jan.
Oregon Imp. Co.— 1st, 6g.. 1910 J & D103 b. 101 la Jan.
Cble, MIl.ASt. P.— Con. 7».190o!j A J 125 b. 124=8 Jan. 129i.iMay
lat. Southwest Dlv.—«8.. 19091 J A J 113 b. 1131a Mar. 116% June Ore. R. A Na v. Co.— Ist, 6 g. 1 909 J A J|109iah. 109
Feb.
Consol., 5 g
1st. So. Min. DIv.— 6s ....1910iJ A J 113 b. 113
;.1925 J A Dl01%a lOOia July
Jan. 11838 Apr.
l»t,Ch.APae.W.Div.-38.1921!.T A J IO714I). lOSiaJan. IO914 June Oregon A Transcon'l- 6 g. 1922 .M A NllOOiab. 103% Jan.
Chle.A.Mo. RIv. L)lv.— 5s 192« J A J 102 a, 101 1-2 July 103% June Peun. Co.—41a g., coupon 1 921 J A J 107 b. 107 July
Wi.s. AMinn. Div.— 5g...l921J A J 104'ib. 103
Jan 106 June Peo. Deo. A Evans v.— 6 g. .1920 J A J 102 b. 101 Jan.
EvanavilleDlv.—6 g
1920
Terminal, 5g
102 lab 100 Mar.
1914 J A J 104 '4b. 103 Mar. 106 June
2dmort.,5g
1920
Gen. M.. 4 g.. aeries A.... 1989 J A Ji Oliga. 9138 JiUy
96% Apr,
08 b, 66 Mar.
Chie. AN. W.—Cousol. 7S..1915 Q— F 139 b. 141
May 144 Jan. Peoria A East, conaol. 4a..l!>40 A A O 82
821a June
Income, 48
Coupon, cold. 7«
1990 April. 31 b. 30 July
1902 J A D 120 b 124% Juno 129 May
8OI2 Mar.
Sinking fund 03
114 Apr. 117 Feb. Phila. A Read.- Gen., 4 g..l958 J A J 83
1929'A A O 117
IOOI4 Apr. llOiaFeb.
Ist prof, income, 5 g
Sinking fund 58
1958 Fob.'i 72''8b. 62 Mar.
1929! A A O 108'%
2d pref. income 5 g
8tnkingIiinddebeD.5s...l933IM A N 110 b. 109 Jan. 112 Apr.
1 958
431a Mar.
Feb
3d pref. income 5 g
25-yenrilebenturo5s
1958 Feb.
36 Mar.
19091M A N 106 b. 1041-2 May 1081a Feb.
431a
Exten.<lou4s
1926 F A A 100 a. 96 Jan. 101 la June Pittsburg A Western— 4 g. .1917 J A J 80
79% July
II513 Jan.
Chic. Peo. A St. Louis— 5g.l928tM A 8 OO^ib. 91 la Jan.
991a June Rich. ADanv.— Con., 6 g...l915 J A J 116
CUic.R.l.APao.— 6s,coup.l917 J A J 128 b. 128 July
Consol., 5 g
32 May
1936 A A 01 90 b. 871a Apr.
Extension A col. 5s
1934 J A J 103»a 103 >9 July 1061a June BIc&A W.P.Ter.—Trust 6 g 189 F A A;
981a Mar.
Chlc.St.UiSPitt.— Con.,5g.l93_'! A A Oi
IO413 Mar.
Con. l.st A eol. trust, 5g.l9l4
77 Mar.
100 Jan.
73%
69 'a Mar.
Chlo. St. P. M. A O. -68....1930'j A D 120 b. 119
June 1231-j .May Rio G. Western- 1st, 4 g. .. 1939 J A J 751a
Cleveland A Canton- 5 g. 1917 .r A J 93>4b. 91 May
R. W. A Ogd.— Con., 53. ...1922 A. A O 110 b. 107% Apr.
97 Jan.
C. C. C. A I.— Consol. 7 g...l914 .1 A D laoiflb. 13014 July 135
Feb. 8t.Jos. AGr. Island— 6 g..l925 M A N 106 lab. 104% Jan.
General consol. 6 g
1934 .1 A J 120 b. II714 Feb. 1251a May St. L. Alt. A T. H.— lat, 7s. 1894 J A JlllO b. llOiaJan.
Col. Coal A Iron— 6 g
2d, pref., 73
1900 F A A 1031s 103 Mar. 108 Jan.
1894 F A AlOO^ib. 1051a May
Col. H.Val. ATol.—Con. 5g.l93 M A St 88
73 Mar. 3818 July 8t.L. Ark. Alex.— 1st, 63, t'st. rec.
901a
861a Mar.
27 14 Aug.
Qeneral. 6g
2d, 6s, 1936, tr. roc, allass.pd.
27>4
1904 J A D 88
73 Mar. 891a July
Denver A Klo Or.— 1st, 7 g.1900 n A NI
1171a May 119 Feb. St. L. A Iron Mt.— 1st. 7S..1892 F A A 103 b. 104 Feb.
1st consol., 4 g
2d, 7 g
108
106 May
1936 J A .1 821a
1897
841a June
761a Jan.
Det. B. City A Alpena— 6 g.l913 .1 A ,T .99 a. 99 Mar. 100 Jan.
Cairo A Fulton— 1st, 7 g.l891 J A J 100%
100 July
Det. Mac. A M.— L'll graut».191 A A
CairoArk. ATexaa- 7g .1897 J & D 107 b. 102»8Jan.
34 b. 35 Mar. 391a May
Dul. A Iron Range— 5s
1937 A A
Gen. R'y A laudgr., 5 g..l931 A A O 94iab. 88 Jan.
102 a. 99 July 10258 Mar.
Dul. 80. Sli. A Atl.— 5 g.
1937 J A J 9839
92 Jan. 101 May St. L. A San Fr.— Og., CI. A.1906 M 4n|111 b. 112i4Feb.
E. Tenn. V. A U.—Con., 5 p. 1950 M A N 100 b lOJiaJan. 108 Apr.
112 May
1906
6g., ClassB
A Nill2
Knoxvillc A Ohio— 6 g... 1925 J A J UOMb. 1081a Jan. 113 June
1906 M A N 111 ll- 112 May
6g.. Clas3C
Eliz. Lex. A Big Sun.— 6 g..l902
Geuenil mort.,6g
1931 / A JllO b. IO9I4 Feb.
A "Si 95 a. 90 la .\pr. lu4 Jan.
Ft. W. ADenv.Cltv-6g...l921 J A D 10o>a
119 b. 11776 Feb.
IO312 Feb. 1 10 May 8. P. M. A M.— Dak.Ext., 6 g. 1 9 10 M
Oal.a.AeanAu.— W.Dlv.l8t,5?-.!M A N
95% Apr.
lat consol., 6 g
1933
93 May
& Jl 11914b. 115% Jan.
Han. A St. Joa.— Cons. Os 1911 .M A 81 116 b. 116 June 121 Feb.
Do
100 Feb.
reduced to 41a g...
A J
Illinois Central
1 g
Montana Extension 4 g..l937
952 A A O 102 laa. 100 14 Apr. 102 '4 Mar.
A D 90 b. 861a Jan.
Int. A Ot. No.— Ist, Og
1919
71isb. 70
July
113 a. IO914 Jan. 1161a May San A. A Aran. P.— 1st, 0g.l910
A J
Coupon. 6 g., trust rec...l909
l8t,6g
1926
A S: 82 a. 7314 Jan. 89 May
A J 70 b. 70 July
Iowa Centr.iT— 1st, 5 g
91 May Shen.Val.— lat,7g.,Tr. rec.1909
125iab. 113% Jan.
1938 J A Dl 80 b. 85 Jan.
Kentucky Central—4 g
1987 T A Jl 84
57iaa. 48
General6g., Trust rec... 1921
Jan.
82 July 85% June
Klnirs Co. El.— lat. 5g
1925 J A J 102
100 lab. 96 Jan.
102 July 105 Jan. 80. Car.— 1st, 6 g., ex coup. 1920
l.a<.lede Gas— 1st, 5 g.
713 Jan.
1919 Q-F
82
Income, 63
11 lab.
81 Mar. 89 May
1931
Lake Erie A West,— 5 g
1937 r A J 110
1909-10 J A J 105 b. 103 July
109 Apr. 112% June 80. Pac, Ariz.— g
Lake Shori".-Con.op.,lst,7s.l900 J A J 12113b. 12214 July 128 May So. Paciac, Cal.—6 g. .1905-12 A A O 116 b. 112 Apr.
Consol. coup., 2d, 78
1903 r A D
1st, con.sol., gold, 5 g
122% July 128 May
1938 A A O 101 b. 10013 Apr.
Long Island- 1st, con., 5 g.l93l Q-J
114 Juno 118 July 80. Pacitlc, N. M.— 6 g
1911
A 1 105* b. IO514 Ju.y
Qeneral mortgage, 4 g. 1.1938 J A D 94
94 June 99 Jan. Teuu. C. I. A Rv.—Ten. D., Ist, 6g
A O 98 a. 961a Apr.
LoulBV.ANashv.— Con.,78 1898 A A O 116i4b. 115 Jan. II918 Mar.
98 la July
Birm.Div.. 6g
1917
A J
N. O. A Mob.— l8t, 6g...l930 J A J'116 b. II514 Jan. 121% June Tex. A Pac— lat, 5g
2000
A D 91^88. 9058 Jan.
do
2d; 6 g
1930 J A JillO b. 106 Jan. llOiaFeb.
37 "a Apr.
2d, income. 5 g
2000 March. 4OI4
E. H. A N.— lat.
g
1919 J A D 113 b. 113 Jan. 1101-2 -Mav Tol. A. A. A N. M.— 6 g
1924 M A N 103 b., 102 Iklay
General. 6g
1930;J A D115 b. 113 Jan. 1161.2 Mav Xol.A. A. AGr. Tr.— 6g....l921 J A J 108 b. 107 Jan.
60-year .5g
1937
A N 108
1935
1051a Jan. 1091a Juiie Tol. A Ohio Cent.— 5 g
A J 108 a. 102 Jan.
Collateral trust, 5 g
1031 M
...
1041-j June 110
Feb
Xol. Peo. A West.—4g
1917
A J 78 b. 76 Jan.
•Louis. N. A. ACh.— l8t,68.1910 J A JI114
II412 Jan. 119 Feb.
rol. Bt. L. & Kan.
6 g..l910
A D 99588. 971a .In lie
Consol., Og
1916A A Oll03iab. 95% Apr. 105 Jan. Union I'acittc— 6 g
1899IJ & J 114%b. 114% July
LoulB.St.L. ATexaa—<ig..l917 F A A'lOOU
Sinking fund, 83
97>4 Feb. 101 July
1893; M A 8 114 b. 112% Mar.
Metro. Elevated— Ist, U g. 1 908l J A .1113 b. 112 Jan. 117 May
KansasPacitic- lat, 6 g..l895:F A A 109 b UOia May
2d. «s
1899I.M A Nll0738b. 105 '8 Feb. 110 Apr.
lst,6g
1896J A D 111 b. 110 Jan.
Mich. Cent,— 1st, con., 78.. 1902 M A N 126
DenverDlv.— 6 g
123 .May 129 Apr.
1899 M A N 1 14 b. 113 Jan.
Consol., .13
1902 M A N 110 a. 108 July Ulia Mar.
lstcousol.,6g
1919 M A X II514 II314 June
Mil. LakeSh. A W.— Ist, 6 g. 1921 .M A N 121 lab. llOiaJune 125
Apr.
Oregon Short Line— 6 g.. 1922 F A .\ 112 b. 11234 -Mar.
Exten. A Imp., 5 g
1929 F A AlOl's 101 Jan. 105 14 Jan.
92% Apr.
Or.S.L.AUt'hN.— Cou.5g.l9l!' A A- I) 9414
MUw. A North.-M. L., Os. 1910 J A D 110 b. 1091a June 1131a May Union Elevated— g
10014 May
1937 M A- N 110
1st, con.. 6a
1913 J A
113 14 .May VirglnlaMid.— Gen. m.,5s, 1936 M
Ii. 108 la Feb.
80 a. 85 Mar.
M.K.AT.— Ncw4 g., when Issued
82 June
80>4
stamped guar.|M A Nl 88
861a June
do
731a Mar.
New 2d ."js, when laaued
101% July
50 b. 431a Apr. 55-« May Wabash- Ist, 5 g
1939; .M A Ni 102
Coasol., g., triiat rec
80 14 Fob.
1920 J A D 84i«b. 721a Jan.
8UI3
88% .May
mortgage, 5 g
2d
1939. F A A
Consol., 5 g.. trust rcc... 1920 J A D 72isb
47 Mar.
!<
Debent. M.. series B
611a Jan
701a June
1939JJ A
Ko.Pucltlc-lst, con., 6g.l920M A nL...
lii:i"s
1031a July
109 May 113 Apr. West Shore—Guar.. 43
2361iJ A
?;'"»•
9214 Jan.
'.i-^'-'ii.
1900.H
115 b. 1141a Jan. 120 Apr. WeatN. Y. APa.— Ist, 5g.l937iJ
I'ac.of Mo.— Ist,ext.,4g.l938 F A A' 99 a. 9834 Jan. 101 la Jan.
1927
35 lab. 29 Jan.
2d mort., 3g.,5se
-dmort.,7s
99 Mar.
1891J A Jil01>4 100 July 103 Mar. West. Un. Tel. —Col. tr., 5s. 19:!^
J
99%
.v
Mobile A Ohio-New, 6g..l927J A D 113iab. 113 July 117 Apr. Wheel. A Lake E.— Ist. 5
1021s Apr.
g. 1926 .V ^v ()
(Jeneraliiiortgage, 48....1938 M A 8 65=li
57 14 Jan.
67 July Wla. Cent. Co.— l8t, 5 g
1937iJ A Ji 98 lab. 06''a Jan.
Mutual llTiiiill Tel— R g
%-*i.i \iiff.
1911 ^r ,t: V lO" )i Iiio Mav in^l., *Tir
521.)
Tn^n.n*., -1 tr
1 017
83 1«
At.Top.AS.F.-10l)-vr.4(?.1989 J A J 83
54%
1989, Sept.
iUH
liKvyiMr Income 5"k
17'ab. 12
Atl. A I'ac.-W.U. Inc., tts.lOlo!
lOSTJ A J 78'ab. 701a
Ouariuitecd. 4 g
ICO
C*n.S<)iitl!.— 1st Kuar., 68.11)08.1 A J 107
l>.tl3M A S 100 b. 97
2d. !la
118
CeuInilotN. J.— Cons. 7S..189U Q-.! 118
I90:i M A N 124i«li. 1241a
CoDSoL.Ts
OeneralmortKBKO, 5 K...1987 J A J llO^db. II014
Leh.AW.B..cou.7s.,as'8d.H»00 Q-M 114isb. 113
102
1912 M
do nii>rti.'nKS. 58
107 13
Am. DiH-k A Imp., 58.... lS)'.ilJ A J
Central a'aolHc-Gold 6a... 189H J A .IllSiflb. 112
6
«'
Mary'd. Coal..
13
IS
Minn. Iron
f8
NnwCHnt. ConI
10
11
Ontario Hllver
44\'
Penn. Coal
280 800
Ph.N»t.OanCo.
62
Qiilcknllv'rMr. ""iiit
7««
do.
prcf
40
42
<
I
Pruse
^„„.
Tol. AO. Cent.'
dn.
pref.
iTa. Midland...
Adnmi) R-tpr..
53 "a
150 151
20 14 Amor. Expr... ;il5>all7
Amor. T.AC..
83
O.AT..tr. ctTtn.
83
18
Bruii.HWlnk Co.
PooriB & KiiHt.
13
28
31
''Camoron Colli.
Pitts. Ft. W.AC 103
2B'8 ,Comiii«r. Ciihlo I01<«101
Pitt9.AW.tr.rft
27
Con.tol.CoiilCo.
Renns. & Hara.l 180
25
27
St.L.Alt.AT.II.I
43
Home 4. .Mln'/;. lOU 11>4
83
2\' 3'«"LaclodeG»!<.pf
53
8011th Car. R'yl
BONDS -LATEST PRICES OF ACTIVE BONDS AT
.
I
I
I
,
93
87
'
Mah.C. B'y, iif.' 112
7Hl Mar.H.AUiit'n
35
M.H AOnt.pM.
60
Morris A Kmc'X 1S4
N. V.&Nor. pf.i
07
Ill.t'.lnasedl'A.i
35
87
77 >« SO
25
35
sale*,)
Bid.
I
Mllw.A North.
7
Hoii».ifeTex.t'.
UK)
Cea.K. *.Mliin.
A
30 5« Mux.
D iif
r.
O.B. W.ABt.P.,
Buff.K.il'ltt^.
PliH.irii..
CI.
Col.A<ln''ii.i«f.
UtisM. .V Ft. 1).
*
KIlntAP.M.
H.W.t
prcf.
BelLA-*!). Ill.pr
Boji.Air l.iiuspf
ill).
lit).
2.%
'
1
D. M.
171
finn'i-
Auk.
187
4 Indicates actual
oontinoed
Ank.
Bid.
Bltt. ,Aali.
1
llOiaApr.
;113
;117
M^y
68
80
106
113
May
June
May
June
111% May
I
I
Jan.
l(Ui3 Mar.
107% Apr.
llOHMar.
109
Apr.
1061a Mar.
74
85
341a
May
June
June
87
Jan.
8OI2 Jan.
581a May
49 Jan.
83
May
II8I4 June
04
June
103 Jan.
83 May
78 May
112i4Mar.
107% Apr.
113 June
111 Jan.
9838
323a
May
May
108
Jan.
IO914 Feb.
10334 June
107 May
93 la July
115 June
115 Apr.
1 1413 Apr.
115
June
120
120
Mar.
Jan.
1021a June
June
June
June
125 -a June
60 14 June
92
88I3
i)0
100 la .May
1214
108
113
June
June
Jan.
1033a Mar.
109
June
10434 Jan.
103 13 Jan.
9634 May
451a May
1071a Jan.
Ill June
108 '4 July
8O34 .May
101 Jan.
1181a Mar.
UOiaFeb.
112 '4 July
113 la .Mar.
117% Mar.
118 Mar.
UOU.Lin.
9514 Jan.
110 Aui;
88 13 Apr
90 Apr.
103 U Apr.
861a Jan.
57 May
101!
V June
102 >4 June
40 .May
1021a Jan.
107 June
104 14 Apr
69 Jan-
actual sale; " .V ex-lnteresfe
6
THE
138
unsn^-smn
EXCHAXttB QUOTATIONS
Bid.
BECXJKITIEa.
E. Tenn. Va.
Pac— 2d W.
ft»,
I).,if«.0i.,.1907|
Ohio— iBt, 6b, Park B.1919
19251
(cold
96
89
107
19881 107
Cong, mort., (?oId, 58
B. & O. 8. W., 1st, K., 4isS...1990
Monoii. Rlv.— l»tirii.,i.'..os, 1019'
19^61
Beech Creek— l«t, »?old, 48
Best. H. Tim. & W.— Deb. 58.1913
Brooklyn Elev.—lBt, g., 68.. .1924]
109
99
88'
1915 88
2d, 3.58
Bud. Boch. & Pltt«.—Gen., 58.1937
1921 117
0«
Roch. A Pitta.- l8t.
Con80lldat'dl8t,(i8.1922 1161s
do
No.— let, 58.1906 97 »?
Burl Ced. Rap. &
90
Consol. & coUat. trust, 5s. .1934
Minn. & St. L.— let, 7s, gii..l927
1909
Iowa C. & West.- l8t, 78.
90
Ced. Bap. I. F. & N.. let, 68.1920
1931
l8t, 58
Central Ohio Reor.— 1st, 4i«8.1930
89
Col. A- Cln.Mld — l8t,ex.4ii>8.1939
98
Cent. KR. &. Bank.—Col. (c.5-<.1937
KK)
Sav.&West.- l8tcon.(rtd.5s.l929
Cent, of N. J.—Con v. deb., 68. 1908
Central Pacific—Gold bds, 68, 1895
1896
Gold bonds, 6e
1897
Gold bonds, 6b
1900
Br., 68
& Oregon—Ser.B. 68. .-1892
19W
Mort. gold 59
West. Paclllc— Bonds, 63. .1899
No. Ballway (Cal.)— let, 68.1907
193S
50.year 58
Ches. & O.— Pur. M. fund, 68.1898
Ban Joaquin
Cal.
. .
1908
68. gold, series A
& 80. West.— 2d, 6s. 1911
1893
Chicago & Alton— l8t, 78
Binking fund, 68
1903
LouiB. & Mo. River— 1st, 78.1900
Ches. O.
118
109
110%
118
117
109
A W.-60I.
103
136
tr.,68.1922
A T. H.— Ist,
68.1921
1923
Mt. Vernon— Ist Os
Evans. A Indian.— 1st, cons.. 1926 109
Mort., 63. .1920 120
Flint A P. Marq.—
Evan.
99
con8.,
1934
Imp. AExt.,68
1924
AdiU8tment M., 79
liJ08
Equipment, 58
1957
Clinch Val. I9t5s
13 S
Ogd. A Lake Ch.— Ist con. 68.. 1920
141
Ohio A Miss.—Cons., 8.F., 7s. .1898
1911
2d consol. 7s
1905
Springfield Div.— Ist 7s
911a
1932
General 58
75
1936
Ohio River KR.— Ist, 58
1937
gold, 5»
General mort.,
IO714
1921
Ohio 80.— lacome, g., 69
Califoniiar-lst, 58.1927
118% Oregon A
115
Oregon Imp't— Cons., g. 59... 1939
Oreg. By ANav.—Col.tr. g.. 5s. 1919
Pitts. Ft.
98
96iii
.
. . .
'
. .
12m
1902 123
LaCrosee Division, 78.1893 113
iBt,
l«t,
l8t,
l8t,
1st,
l8t,
Ist,
l8t,
& M., 78
189
& D., 78
1899
& M.,78
1903
I. & D. Extension, 7s.
1908
I.aC. & Day., 58
1919
H. & D., 78
1910
H. & D., 58
1910
Chicago & Pacific Div., 6s.. 1910
I.
118V
120
I.
C.
. .
1'22
125
125
102
121
105
123
1031a
114
1910 102
1921 100
Mineral Point Div. 58
C. & L. Sup. Div., 58
Fargo & South., 68, Assn. ..1924
Inc. cony. sink, fund, 58
191
Dakota & Gt. South., 5b. . . .1916
Chic.&K.W.— E8c.<iL.8.l8t,68.1901
Des M. & Minn.— iBt, 7s. . .1907
Iowa Midland— l8t, 88
1900
Peninsula— Ist, conv.,7s...l898
Chic. & Milwaukee— iBt, 78.1898
Win. A St. P.— 2d, 78
1907
124
104
I
Mahon'g Coal RR.— Ist, 58.1934
l.itchf. Car.A West.— Ist 68. g. 1916
1898 118
l,ong Island— 1st, 7s
N. Y. A R'way B.— Ist, g. 58.1927
1927
35
2d mortg., Inc
N. Y. A M. Beach— 1st, 78. .1897
N. Y. B. A M. B.— Ist, e., 58.1935
Brooklyn A Mont.— Isf, 68.. 1911 •108
1911
BmithtownAPt.Jeff.- l3t,78 1901
Loui8.Evan9.ASt. L.—Con.58.1939
Louis. A Nash.- Cecil. Br, 78.1907
Pensacola Division, 68
1930
Bt. Louis Division, let, 68... 1921
Ist, .58
101
111
125
12714
-120
lieHs
*130 134
Mil. & Mad.— iBt, 68
1905 116
Ott. C. F. & 8t. P.— l8t, 5s.. 1909 109
Northern III.— Ist, 58....
1910 109
Chic. R.
Pac— l8t,
I. A-
2>28..1905
Des Moines A Ft. D.— Ist, 4S.1905
Extension, 49
1905
Keokuk A Des M.-l8t,58..1923
Chic.
A
Kan. City-58..1936
Minn. A N. W.-l8t, g., 58. .1934
ChlcSt. P,AMinu.-l6t,08...1918
8t. Paul AS.
Ist, 68
1919
Chic. A W. Ind.— l8t, 8. f., 09.1919
fltneral mortgage, 68
1932
^S^ ^"K- * I^-Con. 8. f., 78.1905
2d, gold, 4ii!9
1937
CIn. I. St. L.A Chic.-l8t,"g.,48;i936
Consol., 68
19ao
St. P.
C—
S'Sn*j'l;.*T*''"'-i''*'if'.'59:i936
C.C.C. A8t.L.,Cairodiv.-4s 19.39
CLCol. Cin A Ind.-lBt, 7s,8.f.l8!>9
ConBol. sink, hind, 78 .
1014
Cleve. A Mah. v.— Gold .59
ifl-^s
»»?,"""i-i»t, g.; 6S.I936
n^!n™Kr
ColuniblaA Green.-l8t,69...1916
Ja, on
1926
Del. Lack.
& W.-ConVert.'7"8,I892
Mortgage78
'1907
^». BYng 4 N. Y.-Ut. 78.1906
25"5*
*=«»e«-l''t,78....1914
|*>7»--
1891
110
98
W.
89%
8. f., g..
A Char.—iBt,
58
oiJ^l'
?'='•• »™a''-.8»
1906
^LrLi ^
. .
O-I'UP-.K.. 59... 1928
UTMonal
-
68
Kl'l^^"'"'?"
*q- *'"".<.. is
•
No
1
fl«n
•••••1937
193^
ido"
ido"
91
144
.
103
103
11336
110
95
40
pref., 78.,
Income, 6s
do.
M.. 78. 1891
,
Paul
.
A Duluth— Ist, 5s. .1931
1917 101
A M.— Ist, 79. .1909 111
. .
107
Paul Minn
1909 118
891s
114
2d mort., 6s
Minneap. Union— 1st, 6s. ...1922
Mont, Cen.— 1st, guar., 68. .1937
East. Miun., Ist div. Ist 58.1908
San Fran. A N. P.— Ist, g., 53.1919
Scioto Valley
A
N.
100
82
E.— lst,4s,1990
Shenandoah Valley— Inc., 6s. 1923
Sodua.Bay A 80.— Ist, Ss, g...l924
1931
South Carolina -2d, 68
1061* Bo. Pac. Coast— Ist, guar., 48. 1937
Texas Central— Ist, s. f., 78. ..1909
112
w
65
"si"
51
vl911
Istmortgage, 78
Texas ANew Orleans— l8t,7s. 1905
1912 1061a
Babintf Division, Ist, 6s
Tex. A Pac, E. Div.— Ist, 68.1905 108=8
Ist con. Tenn lien, 7s
1»15 120
Third Avenue (N.Y).— Ist 58, 1937 1091s iii'is
80
Mexican National— 1st, g., 68.1927
1917 *104 1051a
Tol. A. A. A Cad.—68
80
2d, income, 6s, "A"
1919
1917
Tol. A. A. A Mt. PI.—68
103
2d, income, 68, "B"
1896 110 lloig
1917
Union Pacific- Ist, 68
Michigan Central—66
1897 lllia
1909 120 1211a
1st, 6s
Coupon, 58
1931 114
Ist, 68
1898 113i«
123
Mortgage 48
1940
Collateral Trust, 68
1908 10^14
133
Jack. Lan. A Sag.—69
98
1891 lOlia
Collateral Trust, 58
1907
MU. L. 8.AW.— Jonv. deb., 58.1907 100 la
Collateral Trust, 4ia8
1918
Mich. Div., l9t, 68
1924 1131a 115
1895 ido"
C. Br. U. P.— F. c, 7s
124
Ashland Division— Ist, 68 ..1925
121
Atch. Col. A Pac— 1st, 6s... 1905
941s 'bs'"
92 12
94
Incomes
103
Atch. J. Co. A W.— 1st, 6s. 1905
90
98
Minn. A St. L.— la. Ex., Ist, 78.1909
98
U.P.Lin. ACol.— Ist.g., 5s. 1918 '95" lOJ
Ist.g. 7s
1927
105 la
Oreg.S.L.AU.N.,col.tr8t.,58.1919
65
78
3d mortg., 78
58
60
Utah A North.— iBt, 78
1908 113
1891
92
Bouthwest Ext.— 1st, 78
Gold,58
1926
1910
ii'sas 130
Paoiflc Ext.— Ist, 68
100
1921
Utah Southern—Gen., 78 ..1909 112
Impr. A equipment, 6s
Exten., l8t, 78
1923
1909 111
108
Minn. A Pac.— Ist mortg., 58.1936
id4%
Valley R'y Co. of O.— Con. 68.1931
104 105
Minn. 8. Stc. M. A Atl.— 1st. 58. 1936
Wabash— Deb. M., 8erie8"A".1939
MlBsouri Pacific —Tnist 5s... 1917
95
No. Missouri- l8t, 78
1895 113
961a
Mobile A Ohio— Ist ext., 6s.. .1937 llOij
St.L.K.C.AN.-R.E.ARR.78.1895 109 12
103
St. L. A Cairo
Is, guar
iid""
1931
79
St.Charles Br'ge— lst,6s. 1 908
Morgan's La. A T.— Ist, 68.. ..1920 111
West. Va. C. A Pitts.- Ist, 6s. 1911
132
l8t,78
1918 137%
Wheel.AL.E.(W.D.)— l8,g.,58.1938 idd'ia
J
144 14514 .Nash. Chat. A St. L.— 2d, 68.. 1901 110
JHiscellaiiooiia Bonds.
10314
New Orleans A GiUf—1st, ea .1926
Am. Water'W Co.— Ist 63.
1907 '108
'118
N. O. A. No. E.-Pr. I., g., 68.. 1915
190' * 991*
1st con., gold, 58
'136 1« 126T8 N. Y. Cent.— Deb. g.
48
1905
Boston Un. Gas— Tr. oer. 5s. .1939 • 93
'137 139
N. J. Junction— Guar. Ist, 48.1986
104 13 Cahaba Coal Min.— Ist g. 79.. 1907 1061a
lom
Col. A Hock. CoalAI.— 69,g..l917 100
S- \- A J?- * H.-l8t, leg. 48.1903
i'65
N. Y.
Northern— 1st, g., 58.1927
ConBol'ji Coal—Convert. 69... 1897 "104
111
112% 1131a 2d, 4s
bftij
19.27
62
Edison Elec. 111. Co.— Ist, 58.1910
98
149 IN. Y. Susq. A West.— 2d, 4>a8.1937 76
98
Equitable G. & F.— Ist 68
1905
132
.Pac.-L. g., con., g. 5.1989
Hackensack Water— Ist, 5s.. 1926 idi'ia
93
'^?!l'''.'r.
•llS^s 121
Divld d scrip ext
'106 la
Henderson Bridge— Ist g. 68.1931 110%
148
James River Val.— l8t",'68..'.i936 '104
Iron Steamboat Co. 6s
1901
100 101
Spokane A Pal.-l9t, 69
1936 '10818
Natlon'l Starch Mfg.— Ist, 68,1920
86
Bt.Paul A N. P.-Gen., 68.. 1923 '124
Northwestern Telegraph— 7b, 1904
1251s
llOij
HelenaARedM'ii— ist,g.,6s 1937 105
People's Gas A Coke ( Ist g.Os, 1904
pulutliAMaiiitolia-l«t,g.68l936
98 14
108
94
'"96"
Co., Chicago
> 3d g. 63,1904
Dul.AManDak.Div.-isl08.1937 'ibe'
Philadelphia Co.— l9t8. f. 09.1898
Cceurd'Alen — st. fis. eold. 191
1111% West. Union Tel.— Ts.. lS7.5-l<>nO iVi"
. .
—
I
. .
?
•wSh^f^^rJ,"'- <*"P- 78.1921
8S3*i'i*y Cable- 1st, 68. 1908
124'"
11416
112
> 897
1900 ids"
103 13
56"
1925
St. Jos.AGr.Is.- 2dino
87i»
Kan. C. A Omaha— l8t, 58.. 1927
ibe" 110
et, L. A. A T.H— 3d m. inc. 78.) 894
1894 51
60
Dividend bonds
Bellev. A 80. 111.— Ist, 88...i896 115
60
1923
BeUev. A Car.— 1st, 6s
Chi.St.L. APad.— lst,gd.g.5B 1917 101
8313 "m"
St. Louis 80.— 1st, gd. g. 48.1931
50
do
2d income 53 1931
AShawt.— iBtg. 49....1932 80
Car.
Bt. L. A I. M.— Ark. Br., Ist, 78. 1895 1061a ib6%
Bt. Lou AS.Pran.- Equip.,7s,1895 102
1931 100
General 58
1987 1 90 "98"*
1st, trust, gold, 58
Kan. City A 8.— Ist, 6s, g...l916
iBt, 68 ... 1910 •id?"
Ft. 8. A V. B. Bg.—
Atl.
Rome Wat. A Og.— Ist
. . .
g-gu'?"7t."'..^'::::::::::-illl
Pa. Dlv., coup., 78
1917
Albany A Susq.-Ist, gu.,7s.l906
123
10414 105
85
90
1909
A At.- Ist, 68, gold. .1921 105
Nash. Flor. A 8. Ist gu. 5s.,1937 100
LouIbv. South.— Ist, g. 68
1917
80
Lou. N. O. A Tex.— iBt, 48.... 1934
90
2d mort., 5s
1934 40
Memphis A Chart.— 6s, gold. .1924 1031s 106
.
100
2d mortgage 5s
107
'111
•116
Equip. M.
Bt.
*110
1980 68
Nashv. A Decatur— Ist, 78.. 1900 116
B. f.,68.— S. A N. Ala
1910
10-40, gold, 68
1924 104
Pens.
98
iisii
& C—l8t, 78... 1912
1912
2d, 78
1912
3d, 78
Clev. A P.—Cons., 8. td., 78.1909
1892
4th, sink, fund, 68
Bt. L. V. A T. H.— l8t, 611., 79.1897
1898
2d, 79
1898
2d, guar., 79
St.
•104
2d, 3s
.
1091a
Pitts. Y. A Ash.— Consol. 58.. 1927
Presc't A Ariz. Cent. 1st, 69,g.l916
1916
2d income, 68
Rich. A Danv.—Debenture 69. 1927
11
D
114
109
Peo.AE.-Ind.B.AW.-l9t,pf.79.1900 II514 120
Ohio Ind. AW.— 1st pref. 58.. 1938
Peoria A Pek. Union— Ist, 63 .1921 110%
1921
67
2d mortg., 4ias
1131a llSTg
44
114
Phiia. A Read.— 3d pref. convert
1932
107
Pine Creek Railway—63
Pitts. Cieve. A To!.— 1st, 69... 1923
1131a 118
1922
78
Pitts. Junction— Ist 69
1932
108
Pitts. Mc. K. A Y.— Ist 69
98
93
Pitts. Painsv. A F.— 1st, 58. ..1916
,
R.D
108
108
120
106
2d, 79
1900i
120
Bt. L. Jacks. A Chic- l8t,78.1894;
96 S( 97
iBt, guar. (564), 78
1894
104 107
2d mort. (360), 78
1898
80
2d,giiar. (188), 78
1898
99
Miss.R. Bridge— 1st, e. f., 68.1912
Ohlc. Burl. & Nor.- Deb. Bs. ..1896
30
Chic. Burling. & Q.— 58, b. f..l901
83
Iowa Dlv.—Sink, fund, 58. .1919
95 1* 95isS iCan. C.Wyan.AN.W.— Ist, 58.1938
Sinking fund, 48
1919
Plain, 49
93
93 !|L.8h. AM. So.— C.P.AA.— 78.1892 •10638
1931
131
9714
Chic. & Indiana Coal— Ist 58.1936
Buff. A Er.— New bouds, 78.1898
133
Chi. MU. i- St.P.- l8t,88,P.D.1898
123
1906
Det. M. AT.-lst,7s
2d, 7 3-108, P.
1898 1161s
Lake Shore— Div. bonds, 78. 1899 118
l8t,78,$g.,
106
Penn.RR.-P.C.A8.L.-l8t,c.,78.1900
.
C—
A 8k.
Cent.Waahington— l8t,g.,68.1938
1939
Ist con. gold, 59
Fla. Cen. A Pen.— 1st g. 58.. ..1918
104 1« Gal. Har. A8an Ant.— Ist, 68.1910 *103is
1905
2d mort., 78
1931
100
West. Div., 2d 68
1927 95
Ist, g. 6s.
92% ;;Ga.?o. A B'la.—
Grand Rap. A Ind.— Gen. 58.. 1924
90
P.-lst68..19
lOOHi iGreen B. *. ASt,
2d income, Ist subs, paid
liise 112
Housatonic- Cons, gold 58.... 1937
113
N. HaveuADerby, Cons. 58.. 1918
Hous. A Tex.C— 1st, m. 1. 78.Tr.rec.
IO214I
West Div. 7s,Tru8t reoeipt8.1891
1901
111
IstWacoA Nor.— 78
2dm.8s.M. 1. Trust receipts. 1913
receipts 1925
'100
Gen. mort.69,Tru8t
111=8 112% Illinois Central— l9t, g., 49 ...1951
1951
Ist, gold, 3128
1161s 118
811*
79
Bpringf. Div.— Coup., 68.... 1898
1921
5s
105%
Middle Div.— Reg.,
120% 121% C. St. L. AN. O.—Ten. 1., 78.1897
1897
116
1st, COUBOI., 78
II5I2
1907
2d, 68
109 13 111
1951
Gold, 5s, coupon
1951
Memp Dlv., Istg. 48
'113
1894
Dttb. & 8.
2d Div., 78
112
Ced. Falls A Mtnn.— 1st, 78.. 1907
105 12
Ind. D. A Spr.— Ist 7s, ex. cp.l906
Ind. Dec. A West.- M. 58.... 1947
10514
1948
2d M., inc. 5s
108
Inter. A Gt. Nor.— Coup. 68. 1909
CoBurd'Aiene.gen.lBt, g.,6s.l938
llOHi Norfolk A We9t.—General, 68.1931
1932
II8I2
New River, l8t, 68
1161s 118
. . . .
il7
.
. . .
90
113i«
Funded coup., 58
IIII4
91
Bid.
Northern Pacific- (Continued)—
A Ga.-(Continued)-
106
1969 90
1977
-•
Income, 6s
Buff. A S. W.— Mortg. 68.... 1908 100
1909
Jefferson— 1st, gu. g. 5s
Eureka Springs R'y— l6t,68.g.l933
N.Y. L. E.
99
no's
SECURITIES.
Ask.
Bid
A
LI,
LESS ACTIVE RAILROAD BONDS.
OnJrIDA^OF THE
Blrm.-lst, g., 5s.. 1937
Alabama Central-lst 68...1918
1897
Erie— 1st, extended, 78
1919
2d, extended, 5s
19^,
3d, extended, 4ias
1920
4th, extended, 58
1938
5th, extended, 48....1920
78
iBt, cons., fd. coup.,
1908
Beorg., l8t lien, 68
1916
78
B. N. Y. AE.-l8t,
Mobllo
[Vou
CHRONlCLii.
SECURITIES.
Ask.
Railroad Itonds.
(Stock Exehnngt Prlca.f
Alabama Mid.-lst, (?., 69 ....1928
Atlantic A Danv.— l»t K., 68. .1917i*
At). 4
Bait. &
H
1
prtce lYlday; these are
the Utest quotatloas
—
made
this week,
I
7
ACOUBT
2.
J
.
.
.
THE CHRONICLR
1894).]
Id Boston, Philadelphia
QnoUtioo4
..
.
189
and Haltlmor <>.— Below
Inuestmewt
quotations of active stocks ana bonds not generally quoted
in N! Y. A full list is given the 8d Saturday of each month.
ftre
SKCritlTIKS.
Bid.
SECURITIES.
k.i
BOHTUN.
STOCKS,
Hnnt.ABr.Top,pre(...MI
Par.
t
l.«hlic'i('iial
Boston
Boston
Boaton
100
Il77
Mnllic
100 SO«Hj207
I'l^vlilcnre.'.OO 36S
l,owf(l
.t
.t
A Nar
SO
.N'ortlierii
20>9
HIS
I'rofpiTml
100
CLlc. Burl. & Nortli'u. 100
Ohic. * West Mifh. .101)
Clii. Saiiil. A (•lcv.,com.Sf
«3
40
44
I'liiliiili'liiliiu .V
A
I'lifirrtd
(dniii-ctlciit
Cftutuu
.
.
100
100
ilW
•
&>4|
,.
ino
171
10<l
Preferred
Fltchburc, pref
I-
lOOl
10(i;
92
30
9'."«
FllntAPcrc Marqirf.lOOl
28
Preferred
100
Kan.C. Ft.Srott A M..100
K.C. Miioi.h. A Birm.lOO • 4^
LouIbt. KviiimT.ASt.L.UK)
Prefi-ni.l
100
Maine (tiilral
100 'IsaHi
68
Erie.... 60,
35>«
61
ii
42
11^
Allegh.Val., 7 3108, 1896 110
111
Inc., 7a,eud.eoup.,1894..
30
Atlan. City, fta, 1919MAN idi>i
Belv. Del., lat.a.Oa... 1902
Catawlasa, M., 7a, 1900
93
Char.Clu.AC.,.';a,1947.t»-J
04
'
A
Eaalom
fiSU
BONDS.
IS
APa.oiimKM' *1SB
•
t'ouneit liiit River
1 00
Ueuoit l.an8.
Nor.. .100
Proferiwl
BS"-!
rnlted Co.Vor N. J...100i 129
West Jeraey
60 61
Weal JelwyA Atlantic. 60
Weetern N. V.APeun.lOO
.
62^
68
86
Nttrth I'fiinHylvama....60
I'ennavlMiniii
60
Clevilaud
'
if-i
60
(I'ntlnl
CeutintlorMa.4Hacbii't8l00
it
4T%
62
60
LehlKli Valley
60
Little SehuTlklll
MInelilll A ft. IIaveii...60i
Ne»(iuelicinlnK Valley. .60
Amer. BfllTcU'iPlumi-.KHil 2271« «28
Atcli. Tonckll A S. Fv 1(K)!
Vi>t 43
BoBion * Albnuv
1(K)I »2G
t**9
117
lis
132 >9
ClearfleldAJelT., Irt, «8...
«a, I'.tmi 01..
Del. A Bd. B., lBt,78,l90B
Eaaton A Aniboy, M., 5a.
KItnlin A Wllm.. Ist. e«..
ConnoetinK,
i
116
AAO
JAD
Penn, Geu.6s,r,1910AAO 120"
I.
100! *
lOoi ...
ftoN
7'a'.
Hraneh
WlaconsinCcutr'l.preflOO
RAILROAD BONUS.
120 1<
114
Cons., 0.a, c, 1905..
Cons., 6a.r., 1919. ..Q-M
4la8,Tr. Loan,1913.JAD
Perkloiuen, l«tae.-5a, '18.
•
'
'
At. Top. AS. F. Gen.4»,.TAJ
Income, !)a, 19«9.Seut.l
Bur.A.Mo.Riv,l.K.7»,.lMa3
Burl. A .Mo. RIv. In NeoEienipt, Ua, 1»18.. JAJ
108)3
iWh
85
Pa.AN. Y.Cli. 7s,1900JAD 129
64 >i Conanl. 6a, 1939
64
AAO
llBii
Phlla.AErie, Gen.58.1920
Gcu. m., 4», 1920. AAO 100 >!i
Pbll.ARead., Ist, 68,1910
l3^h\
Noncrein. 68, laiSJAJ
2d, 78, 1893
AAO lll-l 112
Conaol. 7a, 1911.. ..JAD 129
CIi B.AN. l»t3»,1926AAO, 102', 103
Cons., 6s, g., 1911. .JAD 118)a
2d«8, 11118.
JAD
lOS'i
I)np., Oa, g., 1897.. AAO 104^4
Del). 68, 189C
JAD 1024 102-'< Cou., 5a, 1922 (atampcHl) 101
CU.AW.Mleh.,g«n.5H,Ht21
94''< I'bll.W.AB..4a,1917.AAO 100
Coluof Vt 58, 19l:i..JAJ . ..
88 tj Pitta. C. A St .L., 78.1900, 12u\
Ciurent Hiver,l8t,.'>8 1!I'J7|
Pongli. Bridge, 68... .1938
85 T,
85
get. 1*08. ANofn, M. 7a..«i'0'7'i U'9"' Schuyl. R. e: S., 6s.. 19.35 106)8
Eastern, Mass., Os, 1906..i«l26
Steuben. A Ind., Ist m.,58 105
Frae.Klit. AM. v...l8t.6»| .... 123" rnltedN.J.,«a, 1894. AAO
107
Unafd l.st.G.H.lUH;t.AAol
I21iv Wari-cii A Fnuik..
K. C. Ft. ScottAMem., 68 113"3, 114 West. Penti., Pitta. 1st, 7s. 110 >«
lir,6a. 107
K. C. MemjililsABirni., 5»'
Conaol.. 4 a. 1928... J AD
98«i 99
K. O. St, Jos. A C. B., ,a
IIAI>TI(H4>KE.
.
.
:
'
,
,
STOCKS,
Rock A Ft. Smith. 7a
100
Louiav.Ev.ASt. U,l8t, 68
2m -^-68, 193«....iAO
Mlir. H. A Ont, 6a, 102.5.
JAD
ltfV!3
con. inc., 38. 1939.
2dcon8.
inn.
*
Mmort,
3.8,
100 103»4 104^4
100 125
117 '>a
100
Central Ohio, com
601
Char. Col. A Augusta. 100
T2H Western Mai viand
36''8
.....
.1
1939...
Par.
t
Ohio
2dpief
-
*•"« '»'. 7a...l'124H
6^ 1903.. JAJ '116>a
A
Ist, pref
.1
1902. PA <
r,^™-.««l«l,5a,'02.PAA
37
52)a|
50i '12)21 "1334
RAILROAD BONDS.
A Char., 7k.1»07.J AJi
Hi
I
AtL
26
121
122
Itieome, 6^, 1900 .AAO 105>!il
Bait. A O., 4b, 19^*5. AAOI 101
107)2 Conaol., 6s, 1»88...FA.'^I
Balt.AO. 8.W.,4>.28 JAJ
Cape F.
Yad., aer. A,68,l
106
Cent. Ohio, Ob, 1890. MASi 102>iil02i'8
Char.CoLAA., lst,7a,1895 '108
Wash. A Bait, 1 ts.. * S9'ii 100
Cin.
Ga. Car. A Nor.. 1818 5a-. 102 102's
Nor'n Cent., 6a, 1904.JAJ 117
i
68.
'
A
2K"JP';*f-C..Inc.6«,1920
®S'"""l.l«Jk88,1902MAJI
2d, 58, 1898
FAA
„
Baltlmole
109)41.
Ueilcau een.,<8,191 IJAJ 72 23
1st,
-^^
iJi' luort.,
lat
100 >•
PHII.AnKl.pillA.
STOCKS, t
Par
'
Camd«nAAHautic,pref,5(}
5s, Scr. A, 1926
34
JAJ
no
Seau'dA Ro'nkc, 5a, 1926
581)
i)l"I',?"' '?'•'"•'•— 60
West. Md., 3dKU.,68.1900 117)41
v!..'^."'"""' "'"Ok.. .100 172
tast p,iin.s.vlTa)ila
West Va. Cen. 68 ..1911M09 109^4
50
gunUn guABroad Top.50
CoL A Aug., 68, 1910*
'119
f Per share.
- Last nrlce this week.
t Ei-dlvldend.
N. Y. and Brooklyn Gas Securities— Brokers' Quotations.
:
Wa
GAS COMPANIES.
Bid.
Brooklyn Gas. Light
GasUgiit
Citizens'
Bonds, 58
Consolidated Gas
Jersey City A Hoboken
.
1
Stock
BECUBITIES.
A
do.
do.
Am. Bank NomUo
Am. Cattle Trnst ...
Am. Cotton Oil Co
Manicipal— Bonds,
...'.'.'.'.
do.
Am. Pig
A
Atl.
1st.
97
Brooklyn EIST'd— stock..
Cnilornla Pacillc..
Cln<;lrnatl
A Spnngf
Comatock Tunnel
Ist iiieonie48
125
102
102
Pac-Stooii.'.'.";
'.'.'..'.
Kanaw haA Mlih.Int.cvf 4.
m cifs
A Wilkf8.Co«l...
UtUe B. A Mem. Ist 5s...
.
*i»lyMutoi
fehigh
'
38
12 >«
,
95
80
43
l.^'.
27 S
«6
100
123
40
U
....
O'.fl
23
2d
7
7
23
luaicate> actual sales.
78
23
V
70
Ask
100
Chronicle at 30
cents each,
and
to others
RAILROAD EARNINGS.
Latest Earnings Reported.
BOAD.
1
111
I)
Securities.
BECUEIT1E8.
Bid. Aak,
L.N.A.AChic.(C.*I.)lst68
Loolsv. St. Louis A Tex..
VCsriphisA Cha'st. consols lis
120
Mex. Nat.Couatrnct'" Co.
^3
Mo. K. A T. new 4a, W. I.. SO'.
do.
'Jdcerle., W, I.
50
do. pref
27
Mt. De8.A East Sh. Ld.Co. 0-75
100
N. O. Pao. Ijinrt Urant... 25
27
Newp. N. A MlsB. Val.... IS
17
N. V. V.-.S.A Bnir
N. Y. A Ureen d Lake, Ist 32" 87'
2d mort
10
16
N.Y. Loan A Impr
63
66
N. Pac. P. d'Orcllle DIt.
Do.
Mo. Div., Ist 6a
North RlT.Cons. Co.scrlp.
8
34
n
2d ace.
Int. cert..
Ocean SS. Co.— lat, guar 101
Peosacoia
A
3S
Atlaotiu...
Postal Telegraph— Cable
78'g St.L. Ark.A T ,1st 4a,VV.l.
u
4
22
26
73 )«
74ia'
89
74
103
6
....
....
104
18
19
97
100
Toledo Peor a A west...
West. N. Car. Con.Os....
—
1
14
1889.
Jan. 1 to Latest Date,
1890.
$
Allegheny Val
Anniston &Atl.
Anniston & Cin
Atch.T.&S.Fe.
Half owned
.
May.
221,932
May.
June
.5,458
3d wk July
3d wk July
Total aystem. 3d wk July
St L.&SauF
3d wk July
Half owned 3d wk July
Tot.S.L.AS.F. 3d wk July
Agg. total
.3d wk July
Atlanta & C'bar May.
.
Atlanta & Flor'a June
Atlanta AW.Pt June
Atl. ic Dauvllle
.
.
June
June
June
June
3d wk July
June
June
.
B.&O.EastLlUBH
Western Lines
Total
.
.
.
Bal.&O.Southw
Bait. A Potomrw
.
Beech Creek
Buff.Roch.A Pitt 3d wk J uly
Bur. C. Rap. AN. 2d wk July
.
Burl.
Burl.
A Northw. June
.
& Western June
Camden A
.
June
Atl.
.
Canadian PaciUo 3d wk July
Cp.F'r&Yad.Val June
Cen.KK.&Bsr.C'o .May..
Centralot N..T.. June
Central Pacillc.
Central of 8. C.
..
May
May
Wk JiUy26
Char.Cin.AChic May
Charlest'u&Sav June
Geutr'l Venii'iitt
.
.
Char.Sum.&No. May
.
Chat.H'iue&Col. June
Chatt'n'gaUui'u June
.
.
Oheraw. ADarl. June
Ches.
.
A Ohio.... 3d wk July
Che».0. &8. W. June
Ones. & Lenoir
Hay..
.
.
Chic. & Atlantic.
Chic. Burl. & Q*
Chlc.A
E.ast.111.
Chic. Mil. ASt.P.
Chic. AN'thw'u.
Chic. A Ob. Riv.
3d wk July
June
3d wk July
3d wk July
June
.
May
.
Chic.Peo.ASt.L. Vlay .
Chic. Rock I.& P. .fune .
Chic.St.L.A:Pitx.
June
.
Chlc.St.P.AK.O. 3d wk July
Chic.St.P.M.AO. Juue
Chic. A W. MicU. 3d wk July
Chippewa Vat
..
June
June
3d wk July
.
.
3dwk
JtUy
3d wk July
3d wk July
Ala.'A Vicksb. 3d wk .Inly
Vlcks. 8h. & P. 3d wk July
Erlanger Syst. 3d WK July
Cinn.Northw'n. June
Cin. Sol. A MoO. April
CIn.Wab.&Mich. JUUb
Clev.AkiouACol 3d wk JulT
A Canton.. May
CI.Clu.Ch.AS.l, 3d wk July
Feo. A East'n. 3d Wk July
Olev. A Marietta Juue
Color. Midland.. 3d wk July
Col. A Cin. .Mid.. 4thwkJ'ne
Clev.
Col.
n. V.
A
Tol.
June
.
Colusa A Lake. Juno
Covin. & Macon. June .
Day Ft.W.ACb..! June .
Denv. A Klo Gr. 3d wk July
.
DesM. AN'west June
Oet.BayC.&Alp 3d wk
Det.Lans'g&No 3d wk
DuluthS.S.AAtI 3d wk
B.Tenn.Va.AUa. May
Kniixv.AOhio V ay
Total svsteui- 3d wk
EUz.Lex.AB.S...
July
July
July
July
May
Empire AD'hliu Juue
2d 4a, W.I. •43
do.
p.alla88t.p)l.
do. Tr.rec
13
St. PaulK.A(.r.Tr.,laias 102
1890.
I
Ciu.Ua. APorts.
Cin. Jack. & .Mac
Cln.N.O. &r.P.
AUi.Gt.South.
N. Orl. & N. E.
78.,
Bonils, 68
Equitable..
Bonds, 68
1
I,
Week or Mo
.
O.I.AW.— Ist acc.'nt.cert.
46 >2
7
IstSa
lats, Inter
'
01
.'„
A au—
Conaol. 58
Income 58
120
1
Continental Con. A Imp.*
do. Tru,steed stock
DlstiUIng A CatUe F. Co
DuL B. Buore
Btk.
Pref
do
27
pref
•66»<
Iiou 8tor*ge war.
Cbar. Air Line
7», 1907
awjia
70
1
Fulton Municipal
82).j
41
14
Bid.
I
Exchange— Unlisted
37
consols,
2d 6b...
,
People's (Brooklyn)
96
Wllflain.sbnrg
131
Bonds, 68
ilOH
Metrop(d)tan(B)M)oklyn).. 109
103
100
Bid. Ask.
VIcks
do.
do.
GAS COMPANIES.
,
90-is
^
New York
Ask.
122
118
90
100
99>s
170
116
123
Metropolitan— Bonds ....
Mutual (N. Y.)
Bonds, 68
10<J
Nassau (Brooklyn).'.'.'.';;;^ lao
flcrtp
100
Alabama
tfie
I
Preferred
Extcn.68,
of
The General Quotations of Stocks and Bonds, occupying
Chronicle, are published on the third
Saturday of each month.
i
Rutland
Little
to subscribers
at f 1 per copy.
i
H
SUDllnit
The Investors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on tlie last Saturday of every
other month— mz., January, March, May, July, September
and November, and ts furnished without extra charge to all
regular subscribers of the Chronicle. Extra cojyies are sold
six pages of the
ilB'
Hllut.AB.T.,»<)n.Sa,1896, 102 »<
Leli.(-.AN.,4H!a,1914.Q—
ioo"
\.
68, gold, 1897... 15 JAD iioV.
MancheKterALaw'DCe 10(1
Conaol. 7a. 1911 ...JAD 128)2
Moiicaii (eutral
100, • 34^ •25H.1 Leb.V., l8t, 68, 189J. JAD 114
N. Y.ANew KllK..pri'MOO
121
2d, 78, reg., 1910... MAS
136>*
MortliernN.
100*140
Cons. 6s, reg., 1 923. J A D i34H 13S^
Ogilons. A lAkefliani.ldO
North Penn., iBt, 78 1896 llft'l
OM Colouv
178>.
100 173
Gen, mort., 78, 1903. J A J
128
I'orln. lit. Falls* Con 100
iN.Y.Pbil.A Norf.. lat, Os. 107
|.
107 "i
Porllaml .><acoA Porta. 100
1.
Income, 6a, 1933.
(.
AMD
BM.
Evaus.Alud'plis .ill wk
Evansr. A T. H. 3d wk
May
Pitchbnrg
Flint. A P. Marq. .3d wk
Flor. Ceut.A P. 3d wk
Ga. C'ar'la A No. May
July
July
11,283
552.200
28,.'553
580,753
1'20,811
28,053
148,864
729,H17
115.335
6,498
26,503
45,000
1,492,217
418,372
1,910.589
42,597
143,451
85.702
49.912
54,371
5,628
4.065
77.909
339,000
31,56
535,152
1,196,206
1,374,295
7,532
95,849
8,286
39,233
4,017
29,000
11,222
6,729
139.657
153,218
178,183
979,651
852,781
7,184
33,5.39
41,666
7.562
75,087
55.262
418,574 16,000,590 13,864,332
25,829
890,919
817,121
444,402 16,«91,507'l3.68l|243
119,008 3,242,236 2,865,534
25,240
144,247
588,649
98,168
697,215
607,217
6.269
49.838
39,331
26,568
213,974
202,716
34,200
240,173
159,178
1,388,257 8,831,613 7,636,430
414,931 2,607,539 2,309,107
1,803,188 11.439,152 9,964,537
36,606 1,204.084 1,082,081
122,195
829.096
787,423
25,448
493,228
358,158
39,027 1,098.153 1,061,854
48,464 1,513.743 1,376,596
4,813
27,099
27,270
4,308
27,181
25,048
68.667
308.338
274.195
320.000 7,900,819 7,272,494
29,413
24'^,546
190,310
466,593 3,316,314 2,920.921
1,190.930 6,062,020 6,040,400
1,288. 14'J 5,518,508 5,791.875
5,836
52,812
44,590
97,407
49, 430
40,689
367, 293
323,667
1,916
22. ,017
12,89»
22,559
171, 361
115,869
10,101
54, 616
51,752
4.3M9
47, 858
38,297
134.408 3,973, 038
986,542
152.322
931, ,678
940,814
5,081
4.982
29, 289,
29,918
45,511
41.209 1,477, 623 1, ,155,245
2,740,383 2,684.060 16,937 02515 ,346,526
71,073
54,046 1,636, 646j i; 377,847
470,500 440,252 13,052, 031 12,,440,870
2,184,427 2,061.054 12,251 ,910 11 ,110.790
5,222
5,038
26, 829
30,879
31,082
28,016
159, 038
135,928
1,158,541 1.212,018 7,987, 340 7,314,467
508.607 375.313 3,208, 966 2,667,521
66,567
56,819 2,295, 847 1.509,818
483,233 478.734 3,005, 663 2,739,091
28,559
24,870
829, 101
740,658
16,750
18,598
5.372
28.093
5.669
14.106
11.69
303.113
342,818
77,106
70.949 2,347,648 1,919,131
29,898 1,020.615
962,886
32,419
528.602
1^,087 • 14.669
698.375
289,601
8.233
9.961
352,831
291,969
278.937
7,278
7,016
143,123 132,493 4,711,438 4,009,157
1,596
1,243
9,434
8.253
23,147
4,319
6,002
38,360
235,421
48,322
42.370
268.459
13,337
446,981
383.695
15,905
34,101
193.551
1 59.409
48.310
232.935 204,927 6,992.088 6,607,906
24,046
22,128
125.263
24,134
23,104
138,456
880,872
32.700
29,249 1,020.062
163.211
7.113
156.780
8.153
238,991 197,484 1,290,793 l,102.6«i4
8,595
1,544
9,575
1,491
44,988
.5.912
63,473
9,523
229,940
237,380
33,966
37.069
184,000 159.000 4,389,744 4,041,321
12,-270
73,995
97.030
11.500
295.679
3 3,8 19
IC.'JTl
9,321
569.987
20,l:m
1.167
626,323
.-)2.592 1,125.983
971.527
5.s.;i-;s
531.770, 400,924 2.669.593 2.171.517
238.888
44,893
272,633
60.474
139.019 111. .349 3,851,416 3.164.511
306.881
334.056
58,792
66,892
16.569
2,911
142.692
146.599
6,002
5.899
462,054
17.390
329,163
23.190
529.36 1 469,848 2,433,828 2,168.969
43.586' 1,673.347 1.315.614
50.599
17,247'
653,931
639,598
17.778;
3,835l
1.3901
26,240
15.085
1
•-•
j
July
July
1880.
i
—
.
..
.
.
.
.
.
THE CHRONICLK
140
[Vol. LI.
Latest Earnings Reported.
Latest Earnings Keporletl.
1890.
Werkoriro,
Jan.
I to
Latest Dil'.
Other lines.
I
Jiily
July]
3dwk July
3a wk July'
..
all lines.
QMud Trunk. ..Wk July.'O,
ChU- AGr.Tr. Wk July'.;')
Wk July26
Det.Gr.H.A M.
Or.B.W.ASt-P. May
Gulf & t.'litcago June
May
753,875
320.727
1.411,786
6,9,661
251.027
10,.=)2'l
120,119
3.919
1,782,932
S1.10S
10,994,952
396, ISO
2,118,476
63.609
592.075
20,974
143.845
26,587
21,730
2,753
584.489
133,431
70.500
IL.'JOO
1,000.753 1,053.7.5' 6.705.598
41,898
7.519
7,098
867.958
129.651 140.410
909.8.56
147,929
116.849
57.692
ROAD9.
97.110
22.043
49,784
8.854
3,800
62,438
410.515
74.191
20,306
20,59"
2,546
93,038
12.291
1390.
WeekorMo)
1889.
*
1890.
1889.
|
Jan. 1
to
Latest Dal*.
1890.
1889.
349.508
593.132
325.131
392.871
550.264
48,396
*
1889.
*
Oa.RR. &B.CO. May
Geo. 8o. AFlo.. June
Or. Kap. A lud.. ,3<1 wk
01n.R.& Kt, W. i3il wk
Total
1
1
699,114
121,766
1,213,309
241,615
111,339
1,566.261
10,676,714
1,920,287
548,838
112,611
20,633
420,079
SeiotoVal.&N.E. 2dwk July
Shenandoah Val June
South Carolina May
ipar. Un.
&
Col. .May
PaciBo Co.—
Gal.Har.&S.A.
Louis'a West..
Morgan's L&T.
So.
12,341
75.003
30.987
7,970
15.625
101.000
92.899
8,760
•
,
611. .588
50,279
1,515,766
450.779
411,257
2,109,656 2,038,218
52,048
08,135
741,707
616,792
5.015.019 4,684,082
1,072,751
3,082,106 2,849,454 12,655,804 12,928,632
4,154,857 3,751,971 17,670,823 17,61'2,713
293,290
84,273
372,359
12,912
134,683
902.517
371,099
102,486
429,933
16,584
152,649
May
May
May
N. Y.T.&Mex. May
Tex. A N. Orl May
Atlantic sys' m May
Pad do system May
.
1.644.743
Total of all.. .May
62,0.56
8o. Pac. RR.—
6,430.829
789,462
759,016
208,430 182,018
No. Div. (Cal.) May
Ill.Cen.(lll.&So.i June
43.842
552,154 530,444 2,513,359 2,464,772
So. DIv. (Cal.) May
CedarK.&MUi. June
783.522
855,1'25
809,481
194,396 154,987
Uiv.. May
Arizona
Dub. ASlo'xC. June
827,364
454,373
417,009
83,895
106,694
June
New Mox. Div. May
Iowa lines
421.683
408,341
116,000 111,630
1,1<17,502 l,201.6'?6 7,615,454 7,258,193 Staten I. Rap. T. June
June
Total all
177,671
205,090
581.494
91,515
463.434
24.513
103,356
29.808
Ind.Dec.iWe.st. June
423,975 Summit Branch. June
C55,40S
402.708
461,505
90.174
32,037
137.000
100,552
(Mx) May
'June
luteroc'nlc
Lvkens Valley
753,224
836,313
40,325
32.980
26,705
5,488
31.766
6,928
Tal.A CoosaVal. June
Iowa Central ... 3il wk July
21,49,^
19.392
13,81"
95,637
3.111
85.786
2,841
15.816
Eailway... June ...
'June
Iron
260,702 Tenn. Midland.. |3d wk July
276.756
41,180
116,429 3.517,099 3,239,997
36,618
111.923
J'k'uv.T.&K.Wi) May....
Texas * Pacillc.
140,807
169,093
5,187
496.245
628.047
7,977
21.206
18,130|
Kanawba&Mlili 3d wk July
N. M. 3(1 wk July
tol. A. A.A
61.H58
76,555 2.37S,097 2,282,897 Tol. Col. A Cin..i3dwk July
167,628
128,890
5.395
4,693
K.C.K.8. AMem. l.stwkjuly
127,562
192,900
4.993
594,334
743.515
9.774
37.235
27,727|
July
Kan. C. CI. &Sp ithwkJ'ue
498,435 rol.& Ohio Cent. 3d wk
629,601
45,'230
13.877
15,735
50,493
7,720
8.971
K.C.Mem. & Blr. 3d wk July
TouAO.Cen.Ex.'june
453.168
479,30.5
79.282
81.350
492,902
478,649
15.859
18,243
July
Kentucky Cent June
170.643 Tol. P. A West.. 3d wk July
180,547
5.897
5,218
446,137
18,274
808,102
27,350
wk
Keokuk & West. 3d wk July
93.928 Tol. St. I,. A K.C. 3d
79 835
20.189
16.231
9,558
1,688
11,825
2,280
Klnsrat'n & Pent. June
62.572 Tol.&So.Haveu. June
77,605
12,598
17.357
Knox. & Lincoln May
Union Pacific—
29,740
30,959
4.077
5.200
767.526 510,484 2,852,048 2,295,237
L.Erie All. & So June
Or.S.L.AU.N. May
52.285 1,422,331 1.297.228
53.125
420,353 374,627 1,427.631 1,562.285
L. Erie & West. 3d wk July
Or.Ry.&N.Co. May
121.075
162.10.')
26.570
30.133
C08.267
21,371
830.871
28,449
LeUisli* Hud.. June
St.Jo.&O'dlsl. 3d wk July
308.307
273.893
10,151
8,233
513,535 411.629 2.115,104 1,615,038
L. Roek & Mem. 3dwk July
Un.Pac.D.&G. -May...
395,046 349.608 1,610.466 1.433,157
June
_,
Island
2,219,698 1,752,396 9,095,992 7,650,164
Von^
All oth. lines.. .May
122.396
138,677
32,267
33.765
lX)Ui8.&Mo.Riv. April
3,793,862 3,329.187 19,901.750 16,904.346
Tot.U.P.Sys. June ..
600,862
623,281
27.419
18,380
276.674
tflUls.Ev.&St.I,. 3(1 wk July
50 883
82.036
510.519i
Cent.Br.&L.L. .'.lay...
322,781 10,123,723 9.245.1S5
350.120
liOuisy.&Na.sliv. 3dwk July
4,125,451 3,194,753 16,618,407 13,851,834
Tot. cont'led Hay...
47,170 1,281.676 1,211.305
4 1,207
'279,936
61,0331
348,363,
LouK N. A & Ch. 3d wk July
78,265
MontauaUn.. May...
5.5.'i5
1.3!S0
6.539
921
11,861
Louis. N.A&Cor June
2,6'29
2,818
12,577i
Leav.Top. A 8. May...
47,31>(
35,317 1.402.186 1,347,965
12,952
Louisv.S.O. AT. :idwkJuly
13,961:
2,562
3,285
Man.Al.A Bur. May..
204,065
4,969
6.684
33,206
IMU. 8t.I..& Tex. 3d wk July
187,45l|
152,375
42,089
Joint.own'd.^s May
27,389
42.115
Ix>uisv, .South'n. June
14,004.208
4,167,541 3,227,959 16,805,8-58
Grand total May
39,576
1,124
9.100
LyncIiD.&Dur'm June
82,711
86,046:
14,888
15.580
898.517 Vermont Valley Juno
970,267
36.202
33.S40
Memphis A Clia= 3(1 wk July
3d wk July 247,800 241,700 6,773,234 6,411,940
115.183 3.505.687 3,457.228 Wabash
JMexican Cent... 3d wk July 101.924
248,570
31,0.if>
251.8141
31,303
Western of Ala. June
61.282 2.050,811 S.035,565
63.272
IMex. National 3d wk July
629,110
700,702
111.715 132,276
June
Weet Jersey
69,44!) 1.938,945 2.1'27.275
73,244
JMexicau K'way WkJune'.i8
344,574
423,579
52,869
78.673
8J,575 1,996.064 1,745.649 W.V.Cen.&Pltts.jJune
86,313
Mil.L.Sli.&West 3dwk July
1.719.402
72,700 1,916,332
70,800
610.856 West.N.Y. A Pa. 3d wk July
825.299
29.100
23.705
Milwaukee & No 3d wk July
470.396
616,632,
16,710
22,980
WheelingAL.E. 3awk July
51.548
54,5.57
8,554
9,626
Mineral Uanae.. June
386.723
4.33.586
64,126
65,029
591,380 WU. Col. A Aug. May
648,721
97,645 103.945
Minneap. AMt.I.. June
81,692 2,658,992 2,019.628
Wisconsin Cent. 3dwk July 104,682
633,470
931,564
118,912 109.37'
M.St.P. &8.8.M. June
36.053
41,203
4,962
5,725
3,272,363 Wrightsv.&Ten. June
6.^4,116 3,613,75
624,816
Mo. Kan. & Tex. Juue
256,993 216,807 1,.591,510 1,476,048
Including now the lines conrrollert, formerly reported separately,
Mobile & Ohio.. June
208.918
these flgures from the company's estimate for
42,149
a We have made up
Monterey&M.Ci Juue
« Main Line.
: Mexican currency.
275.359 259.175 1,709.636 1,664.901 the duarter.
t Whole system.
Wasb.Cli.&St.L. Juue
1 3.400
11.825
1.117
1.778
Nat. Red R. & T. June
345.153
71.32i
375.857
Latest Gross Earuiiur-i by Weeks.— The latest weekly earn76,927
New Brinmwick. May
87,'261
21.335
98,438
23,044
N.Jersey A; N.Y. May
in ss in the foregoing table are separately summeri w p as follows:
12,113
12.371
N. London Nor WkJunc29
For the third week of July we now have returns for 86
82.163
74,155
12,494
10,292
New on. AGuU June
aSOOOOOO 3,111,443 17,724,853 16,780,145 roads, and the gain reaches 10'60 per cent.
N. Y. C. & H. R. June
12,196,582
2,426,790 2,311,604 13.724,377
N. Y. L. E. & W. Ji.ne
593,101
483,3.53 2,819,368 2,366,061
N. Y. Pa.&Oblo May
Decrease.
1889.
3rf week of .July.
1S90.
514,832 479,880 2,798,295 2,.599,10S
N. Y. AN.Eng.. June
272,434
262,689
50.872
43,223
N. Y. & NortU'u. Juue
$
944,310
45.90(i 1,07:;,883
52.610
N. Y. Out. & W. 3d wk July
19,665
201.081
1,358.978
710.361
600.932 Prev'ly rcport'd (23 roads) 2.540.374
150,654 116,180
N.Y. au.sq. & W.. Juue
133.626
418.574
552,200,
2,852.587 At. Top.* 8. F. A I'd roads
122.520 3,453.067
Norfolk & West. 3rt wk July 140.763
•2,724
25.829
28.553
Boads J'tly owned %.
345,001
295,841
51.002
N'thcast'n (S. C.) May
57.317
1,803
1'20.811
1 19.008
St. Louis A S.Francisco.
54S.852 416.553 3^256,944 2.715.-301
North'u Central. Juue
2,813
25.240
23.053
Roads .1'tly owned ^i..
Norlbcrn PaciBc 3d wk July 466.561 427.961 11,154,312 10,309,132
5,991
36,606
42,-597
Bait. A Ohio South w
14,924
OgduALakcCb WkJune2S
15,229
3,634
90,596
94.230
79,435 2,193,869 2,061 ,364 *Cent.Vermont (Tot. sys.)
Obio & Miss
3a wk July
79,733
5.249
134.408
139,657
Chesapeake A Ohio
96,295
98,673
Obio & Not tbw.. .luno
18,679
18,176
41, -209
4.302
45.511
5,288 Chicago A Atlantic
4,281
Cul. & Maysv June
788
836
17.027
51,046
71.073
Chicago A East. Illinois .
282,,520
3d wk July
333,939
Ohio River
10,021
13,410
9.748
56,819
66.567
244,993 Chicago St. P. & K. City.
252,631
Obio Southern.. June
35,839
34,6aO
3,689
24.870
28.559
115.494
72,753 Chicago A West Michigan.
Obio Vul. of Ky. 3d wk July
5.002
4.244
2,414
11.692
14.106
39.05'.:
303,766
221.35;) Cincinnati Jack. A Mack.
Omaha & St. I.. June
45,082
132.493
10,630
143.123
Cin.N.O.&T.P. (5roads).
Oregon hup. Co. .May
352.360 405.138 1,653,519 1.643,040
13.33
2,508
15.905
Pennsylvania .. June
(5,172,001 3,931,020 31,9.58,513 25,004.238 Cleveland Akron & Col..
28,003
204,927
232.935!
l'eonnI>ee.&Ev. 3d wk July
14,9961
12,515
399,319
382.371 Cleve. Cin. Chic. A St. L.
22,128
1,913
24.046
Peoria & Eastern
PeterabuvK
Juue
283,930
252.568
17,768
38,515
3,451
20,249
32.700
Pblla. & Erie... May
503.961 439.49!) 1.9^8.804 1.641.810 Colorado Midland
1,253,
9,321
10.574
Phila. & Uead'B June
1.867.0871.536.732 9,661,527 8,469,870 Detroit Bay C. A Alpena.
737
21.167
20.430
Detroit Lans. A North
Coal & Ii-onCo.'Junc
l,60'2,10o 1,670.083
5,796
52.592
58.388
Pitts.Cin.AHt.L.IJuue ....
477,4761 369,539 3,00ii,85v> 2.631, '*66 Duluth So. Sh. & Atlantic
111.319
27,670
Va. A Ga.
139.019
ntw. Mar.&Ch. June
18,0341
9,348 East Tennessee
3,158
1,652
103
6.002
5.899
Pittsb. A West'u May
582,039
564,719 Evans. A Indianapolis..
128,067 122.808
5.800
23.190
17,390
PittH.(;iev.AT. May
39.525
50.337
194,1461
203,600 Evans. A Terre Haute
7,013
43.586
Pitts.I'ain. AF. May
50.599
104.546
28,703
31.967
113,273 Flint A Pere Marquette..
531
Total system 3d wk July
17,247
17.778
43,604
41.605 1,192.579 1,189,875 Florida Central A Penln.
rit'.Yo .UK.AA. June .....".
18,877
68.661
49,784
120,319
96.789
671,174
505,815 Grand Rapids A Indiana.
Koyal « Aug. ay
1,674
iO.
10.528
8,854
Cincinnati R. A Ft.W.
21,792
152,536
137,351
18.452
119
PURoy.AW.Cai. May
3.919
3.800
Other lines
25,064
17,873
174,025
161,753
l-roB.AAriz.Cen. June
414.288
408,278
6,010
12,337
59,917
10,897
65,897 'Grand Trunk of Canada.
3,774
QuinoyO.&K.C. June
65,044
68,818
•Chicago A Or Trunk..
20,500
20,774
114.906
122,583
1,206
Bleh.AI>aaTlIle. June
18,656
19,862
384,400 330.900 2.826.191 2,598.838
'Det. Gd. Hav. AMil ..
Vir. HIdiaud.. June
5,061
31,766
26,705
170,700 152.500 1,071,365
956,611 Iowa Central
CUar.Col. AAu. June
2,790
5.187
54,950
4-37,970
7,977
53.225
413,546 K anawha A Michigan
Oil. AOreeuT. Jnne
1,858
41.000
13,877
15,735
38,505
408.942
340.275 Kansas C. Mem. A Blrm.
West. No. Car. June
679
70,500
5.897
5.218
65,399
465.908
4'i9.778 Keokuk A Western
Georgia Pao.. Juue
840
115,950
52.285
53,125
94,686
848.492
625,867 Lake Erie & Western
Wasb.O.A W.. June
'i',913
11,000
10,151
8,793
8,233
59.998
50,376 Little Kock A Memphis.
A»hv. ASpart. June
9,300
9,030
18.389
8,296
62.763
27.419
54.797 Louisv. Evans V. A St. L..
Total Sys'm.
wk July 263.200 238,775 6,899.504 6,153.013 Louisville A Nashville...
322.781
27,339
350. 1 20
Bieh. APetersli. June
2,963
31,531
47.170
23.742;
176.377
44.207
146,3«3 Louisv. N. All). A Chic.
Rio Or. West. 3d wk July
35,550
33.840
2,36:
30.650
36.202
879,112
732,341 Memphis A Charleston.
Rome A Decatur May ...
8.200
61.282
4,750
42,050
63,272
1,990]
21,250 Mexican N.itional
Rome W. A Ogil. May
307,456 272.936 1,550,584 1,257,904 Norfolk A Western
18,243
140.763
122,520
8aR.Tu«colaAU. June
8,653
298
9,222
43,892
79,435
79.733
49,679 Ohio A Mississippi
BLUA.AT.II.B's 3d wk July
27,160
2.611
17,558
647,329
5"5,286 OhioBiver
13.410
16.021
8t.L. Ark. ATex. ,3d wk July
73,208
67,978 1,919,725 1,614,399 Ohio Val. of KentucKy..
4.244
7581
5,002
Bt.UDes M. AN. June ......[
81378
4,570
47,050
14,996
] 2,515
2,481
27,058 Peoria Dec. A Evans
•'•"'«
112,575 100,707
621,842
511,879 Rich. A Danv. (8 roads).
263,200
238,775
24,425;
Sl-.V'i'.'J ^.''Jl'''"
Bt f.Mln. A Man. June
755,449 593,597 3,890,038 3,297,902 St. Joseph A Gr. Island.
26.449
21,371
5,078
Last, of Minn. June
54,811
•i\,'ac>
253,153
119,014 .St. L. Alt. A T.H. Brehes.
27,160
17,558
9,302
MontanaCent J unc
2,384
107,843
76,561
486,027
18.243
369,111 Toledo Peoria A Western.
15,8.59
_ , T"'al Sys'm. June
91 8, 103 701,434 4.6^9.218 3,786,327 Wisconsin Central
'22,9961
104.682
81.692
B.Ant.AAr Pass. 4tbwk J'ne'
2a.505
23.376|
735.914
539.320
Kran.AN.Pac 2dwk July
16,733
33,429
17.408
368.036!
370.2-.'7
653,155!
0,465,112 5,845,336
Total (86 roads)
Bav. A lu ,<: Mod. J une
26,626
7.555
141.0151
55.965 Net Increase UOeOp. c.)
619.726
BeattlcL .8.&E.3dwkJulyi
Siaosl
5,486
211,274'
128,801
Housatoulu
Huraost'nASlien June
—
—
—
.
. .
j
.
I
.
.
.
.
.
,vi
.
M
.
.
i
'
,
;
.
.
i
I
•For week ending July 19.
ArcicsT
J^E CHliONICLE.
8, 1*90.]
NBt Earnlnjr^ Monthir to LatMt Oatfu.-The U'>le followshows th^> not e.iraiir^s ri!i>>rt>'l this woeU. A full dimonthly rtUiileil sluteinent, iiK-luilin< all rou'ls from which
tuiiis ciui 1k' ohtaiiuHl, is ^ivea once a month in these columns,
ami the latest statonieut of this liial will be found in the
C'UKONiCLE of July 19. The next will appear iu the Irtsue of
Auiiust W.
.,
„
"
Set Earnings.
in-,;
141
to a reduction in earnings from this aourco of $21 1,80.'< 9."» in
the year's movement.
" By far the largest prop-)rtion of tiie yearly earDlnfpi in
obtained from the transiKjrt It ion of freight, and the revenue
derived from this HOiuoa during the last year waa greater
than ever before and tli" average rate received smaller.
The amount earned was $19,0.51,213, equivalent to 72 3.5-100
,
per cent of the entire gross receipts, and was $1,460, .567,
flrofs Earningf.
1SS9.
1S90.
1SS9.
ISiMi.
or 8 8-100 per cent more than the freight earnings of the
^
V^
9
%
fiiitllin
in excess of those in any
527,102 preceding year, and $324,729
533.157
lune 1,350,503 1.253.301
Ciknailiuii l-uoltio
6MVVSV1 0,3(JI>,*!>1 2,120,1«.' 1.077.4J{, ?irevious year, the highest heretofore reabhed Iteing the
^lT\t^j\xn<^M
reight earnings of the fiscal year ending May Slst, 1887,
"'7»fy''l""t*?um'3()... 7,101.00) 5,290,000 1,700,000 l,025,00o' during which year the average rate per ton per mile received
7i2,«S9
989,637 was 1 10-100 cents, a'j;ainst 98-100 of one cent in the last year.
Clilc Uiirl AOiilneV.J»iiP 2,710.5S3 2.<t>?4,080
Jiiil.l to jSue 30 .10,037,025 15,310,520 5,.5ai,58i 4,7»3.103 This fractional decrea.se in the average rate is equal to a re7,932 duction of 10 91-100 per cent.
W-VVW
Ol.li:)
l».l»f
Flor.rrut. &P..niu.M.iy.
88,815
498,2o2
110.914
517,103
Jail. 1 to May 31...
" The number of tons of freight moved was 13,138,110, an in.18,715
84.161
538,899
90,033
May.
K.>iitiii'<cr<Vutral
78-100 per cent, and the numlwr
j"
150.713 crease of 1.983.895 tons, or 17
164,201
373,880
397,932
.May 31
n 1 to
1821,549 of tons carried one mile was 2,000,183,00:1, against 1.804,701,1801.799
2.420.790 2.311,001
Wi>ofii Jmie
NT! F
ir!72i;i77 12,l90 5S'' I4,.579.«57 )4.122.s(H 696 tons in the preceding year, an iicrease of 195,480,907
j u 1 to.T<u?e:
(7,215,096 16,029.580 mile-tons, or 10 83-100 per cent.
Oct.' 1 to Juuo 30.:.21,i5o:iU 19.100.999
139,215
" The average rate received for each ton of freight carried
1.59,451
514,s:t2
479.S80
N Y i \i"W Eiiitra .TuiM734,921
878,474
2,599,108
An f to Juiie 30 2 79S,295 5;i97:399 2,0J7„W0 1,83«,931 was $1 50, against 81 63 in the year before, a decrease of 18,,
S.SlO.'ooi
j"VitoJ«m?30;.:
cents per ton, or 7 98-100 per cent. The decline in the average
531,931 „ 435,904
Norfolk iWestem.J.me.
l*f.ij«-f
J5?-'^^';i
881,556 rate per ton per mile from 1 01-100 cents in the pre<;eding
Jan. 1 to Juue 30... 3,057,289 2,527,0!)1 1,021,9U
V27,3S5 year to the present average of 98-100 of a cent was equal to
J49,337
518,852 „ 410,533
Nortbon. Central... im,.-.
842,9.j5
907.201
3 97-100 per cent, and this reduction, applied to the gross tonJau. 1 to June 30... 3,250,911 2,71:>.301
421.450 nage carried, amounts to a decrease of $510,124 17 in the rev912,318
June. 1,807.037 1,.530,732
Phlla &Readlnir
*^
»
*
»
9001,527 8,409,870 3,888,983 3,0'JV.7';7 anae of the year."
Jan. iT^ J«i.e 30.
4.334,4->4 3,062,012
" The condition of the track has steadily improved, and libDa.'. 1 to June 30... 11.3 10.409 9,870,382
CoaKtlronCo June 1,002,106 1.670,083 drf. 27,467 ilf. 107,432 eral expenditures have been made during the last and former
9;i07,599 7,811,317df.611.014<U.l,085,42«
De(-.7?oJune30
to its present standard of excellence.
28,210 years to bring it up
37,813
81,829
101,774
St L.AIt A r H holi8 \fav
141,428 The net sum of §3.610,090 83 was expended in renewals and
202,420
398:369
484,866
Jau 1 to 'MaySl :
the year, 10,225 577-2210 tons of new steel rail and
June. 3,793,802 3,329,187 1,510,703 1,491,786 repairs during
Union Pactflc
and 6,315 7.50-2240.
Jan. 1 to Juie 30 :i9,901.750 16:»04;340 5,898,576 5,840,308 1,575,960 cross ties were laid in the track,
tons of usable re-cut steel and iron rails were also laid down."
T\Tiltet.r-«t Fuel Co.; June
ilf???
.iS'.???
» * * " The equipment was increased by purcliase or conJau. 1 to June 30
,t?'a^i
141,857
150,395
JiUy 1 to Juue 30
struction at the company's shops by 20 l<x;omotives and 1,014
Of the cars, 6 were passenger chair cars. 4 baggage and
•
IneludlUK lines controlled, t After deducting proportion due roadB cars.
was !)i()29..123, express cars, 2 mail cars, 1 car for transportation of milk, 50L
oiH-ratod on a percintaec tiasls, net in Juuo. 1890.
aKalu.st ifOlS.fiiM in lss9; forsix mouths. .i!3,301,892, aaaiust .fj,023,box freight cars and 500 iron ore cars."
7!K), and for the nine mouths eudiuR June 30. 1890,.i!3,334.945. against
The gross earnings per mile of road operated averagedonly.
f4,e21,739. 5 Bevlaed figures. ; Includes Iowa Coal earnings
$6,391 16, and were a gain of $337 32 per mile over the average of the preceding year the operating expenses and taxes
were .§4,094 95 per mile, being an increase of $318 46 per mile,
and the net earnings were $3,396 21 per mile, a gain of $18 86
per mile over the average net of the preceding year. The
ratio of operating expenses to gross earnings was 61 30-100
Chicago & Northwestern Riilway.
per cent, and including taxes was 64 07-100 per cent, as
fFor the year ending May 31, 1890.^
against 59 65-100 per cent and 62 38-100 per cent, respectThe annual report of Mr. Hughitt, President, says: " The ivelv. the preceding year.
lines of railway included in this report, which make up the
"The surplus of the year derived from operation of the railsystem of the Chicago & Northwestern Railway Company, road and from the land department w-as as follows From the
are as follows:
Chicago & Northwestern Railway, $635,986 from the opera2,G76-72 miles. tion of the Trans-Missouri lines, $113,4.56, and from the busiChicago & Northwestern Railway
Dakota Central Railway
ness of the land department, $383,707—total amount from
Z??'?,?
38d'19
Toledo & Xorthwcsteru Railway
these sources, $1,123,150, available for yearly improvements
16'03
"
Princeton * Western Railway
448-48
and other requirements of the company.
Winona & 8t. Peter .Railroad
" In the land department the sales of land were 67,450 90-100
4.250-38 miles.
n Total
acres and 1,136 lots, for the total consideration of $464,999 93
operation on the 3Ist of ii, cash and time payments: the amount of land sold from the
which is the same amount as was in
May, 1889, no new road having been added during the last Mitmesota grant was 54.947 16-100 acres, at the average price
year.
of $5 26 per acre: from tlie Michigan gi-ant, 11,.541 66-100
" Two of the smaller proprietary lines, viz., the Iron Range acres, at the average of $3 13 per acre, ancTfrom the WisconRailway in the mineral belt of sin grant, 983 08-100 acres, at the average price of $2 64 per
Railway and the Iron River
Michigan, also the Lake Geneva and State Line Railway in acre. The net cash receipts were §383.707, and the assets for
Wisconsin, constructed originally under separate charters, lots and land sold on time sales amounted, at the close of the
•were merged in and became a part of the Chicago & North- year, to $1,032,893. The total quantity of lands in all the
western Railway, but without making any change in the total ftrants on the 31st of May, 1890, was 1,1.54,847 01"^ acres, from
mileage of the system.
which had been sold under contracts yet to mature, 240," Tlie length of road situated in the different States on the 233
61J^ acres, leaving the net amount of 914,613 37-100 ac;es
31st of May. 1890, was as follows: Miles in Illinois. 586-28; in in the various grants unsold on the 31st cf May last."
"Wisconsin, 946-5.5 miles; in Michigan, 381-55 miles; in Iowa,
Comparative statistics for four years (compiled for the
1,163-12 miles; in Minnesota, 414-47 miles; in Soutn Dakota, Chronicle) follow.
These statistics do not include the Fre.
744-13 miles, and in North Dakota, 14-28.miles.
Pac. RR. The reElk. & Mo. Val. RR. nor the Sioux City
" The only[chauge w-hich occurred in capital stock during sults
of their operation are given further ijelow, under "Trans•
the year was the issue of $10,000 each of common and pre- Missouri River Lines :"
ferred stock, for the surrender of $20,000 of old Peninsula
ROAD AHD EQUIPMENT.
1881-90.
Railroad Companv l)omIs, making the total amount issued up
18S?-P9.
1887-88.
1880-87.
4,250
4,250
4,211
4,101
Tot miles oper'd
to May 31, 1890, §63.720,3-30."
786
S0«
733
766
There was a reduction in the amount of funded debt uuring Locomotives....
558
516
509
507
Pa8gen.,&c.,car8
the year of $1:16.000, and the clianges were as follows:
23,746
26,38 4
24,i62
.
.
,
.
;
.t-
.
:
JHA^
;
ANNUAL REPORTS,
:
;
&
22,649
GPKRATIOXS AND FISCAl, BESOL-rS.
1887-88.
1888-89.
1886-87.
Operaliint10,7*7,420 11.465,9 3
9,709,934
PasaVera carr'd.
Pass'ger mileage 234,709,295 272,743,019 279,210,717
Freight,&c.,car8
BONI>S RKTIBEI'.
Chicago & North Western 5 per cent sinking fund boud.s
ifl.'tO.OOO
canceled
20,0()0
Penlnstilar Railroad Company 7 per cent bonds canceled
51136,000
R'te D.pa'iS.p.m.
Frill. (tnfO mv'rt*
20,000
Frlit. <lns) m'ge*
Rate p. ton p.m.*
BONUS ISSUED.
Consolidated sinking fund bonds issued
$130,000
funded debt
The earnings from passengers were $6,283,178, showing an
increase of .?-23,901. or 38-100 of one per cent over the amount
in preceding year, and were
equivalent to 23 14-100 of
the entire gross earnings. The whole numljer of passengers carried was 12,142.789, being a net increase of
year.
676,836,
last
from
or
5 90-100
per
cent
The total mileage movement was e<(ual to 289,699,389 passenfers carried one mile, and was an increase of 10,488,673, or
76-100 i)er cent the average rate received per passenger pr
mile was 2 17-100 cents, against 2 24-100 cents in preceding
year, being a reduction of 3 13 100 per cent, and is equivalent
Net decrease
iu
;
Eamingt—
Passenger
Freight
MaU,expross,Ao
Total earn's.
Sxpeniet—
MaiDt'ceo^ way
"
cars, &o
Transp. & miscel
Taxes
Total
Net earnings....
P.O. ezp. to earn
*
2-29 cts.
9,737.312
1754,598.596
115 oU.
$
5,8'20,151
19,3'i9,484
1.17l.<iai
26,321,316
3,227.245
2,212,289
8,91S,08l
712.125
lo,o7o,342
11,250.974
57-26
18S9-''0.
1?,112, S>
289,C9;),{8 >
2-17 ct«.
2:10 eta.
2-24 ctJi.
13,138.ll'>
10.912.315
11.1.54,715
',693
1939,044,1021804,701.696 2000, 8..o...
.- i'8 it*.
1-02 eta.
101 cts.
1
*
$
6,279.621
19,118,797
1.299.140
•iii,iSJi,ooa
6,261,277
"
18ilSt3i6l6
'
"
"
1,237.33 6
25,aii,ijJ
,«
0.28 5.179
19,6><,21J
1.225.
n't
2.-,lOl,-53;
3.331,700
2.507,673
3,100.701
3,680.437
2,37rf,l25
10,0.55,6-i4
9,788,821
2.5r.9,l67
10,401.:i98
75V742
lt),«7ii,799
Includmg construction niator
10,026.739
62-44
al.
t
751103
701.f37
16.027,237
9,664,972
62-38
On paying
17,403.105
9.759.732
64-07
freight only.
—
THE CHRONICLE.
142
$10,026,759
$9,664,972
$5,136,198
3,444,504
$5,215,166
3,444,504
$5,540,456
3,444,504
In^^Umdrb't'"
CiTldends
Batooii pref....
Bate on comm'n
.BtDklDg fund.
'
'^
6
58,000
..
Balan ce. eurplUB
Z
6
6
68,000
68,000
$9,042,960
$622,012
$8,717,660
$1,309,099
$8,638,702
$2,612,272
dlabln'to.
•
-
1888-89.
1887-88.
$11,250,974
eteartanK*....
1889-90.
$J,759.732
.$5,486,lfl7
«
o
202,57
$9,133,746
$625,986
$
$
Autt»148,372,056 150,822,658
Eoad and BOUlpment.
11,199,310
10,321,015
Bondirowi,.rtT.. .........
12,467,159
12,467.159
Btootaowned
276,000
253,000
I*nd grant Investments
$
1,846,520
2,455.296
3,669,099
4,438,177
1,677.541
1,614,709
3,204,384
4,522,402
153,403,472
*11,219,551
tl2,131,500
422,794
1,825,439
1,»78,007
2,148,880
4,747,971
183,822,322
186,114,163
187,897,614
JIaterlals.fueL&c
SH^nhknd.
Trustees of sinking fund....
iy>ti^
Blooli,
41,374,865
2i!,325,454
preiirred
668,933
103,433,500
1,331,599
4,438,175
2,050,770
122,880
Duetoroadsin Iowa
790,955
128,000
note of Consorn Coal Co
1,552,796
Accrued and accrulnglnterest.
115,209
Miscellaneous
1,188,546
Land Income account
4,303,639
Bailroad Income account
Blocks of proiiriet'ry roade,&0
Bonded
delpt
U
Dlvld'ds declared, not due....
Blnklni? funds paid
Current bills, pav-roU8.^ko....
CnoiUectril couiious, *o
41.374,866 J41,384,866
22,325,454 J22,335,454
584,360
579,110
105,121,500 104,985,500
1,332,075
1,331,599
4,747,970
4,622,400
2,102,309
1,294,873
147,458
176,327
981,612
1,043,092
125,000
125,000
1,574,828
1,573,344
167,369
244,64J
1,954,421
1,570,715
4,925,649
6,371,977
183,822,322 186,114,163 187.897,614
Includes F. E. & M. V. consols and Wyoming Central RR. Ists owned
•Dd pledged as collateral for extension 4s of 1886, $11,013,000.
t Includes Clilc. St. P. M. & O. stock, $10,000,OUU; F. E. <te M. V. RR.
tock, .iil,966,500. Also owns C. & N. W. common stock, $10,007,5^0,
prefcrrtHl stock, $2.284— Included on other side of the account.
] lucluilliiK $10,007,520 common stock and $2,284 preferred stock In
Oo's treasury.
I Including; live bonds in sinking funds and owned by company, which
amounted May31, 1890, to 4'1,553,600.
Total
•
od
717, 788, 976, 1067, 1087, 1162,
3476; 3532, 3682, 3710, 3818, 3948, 3963, 4056, 423.1, 4431, 4587,
4633,4655,4843,4881, 4918, 5038. 5111.
CINCINNATI Sandusky
&
Cleveland RR.—Mad 'River
&
Lake Erie RR. 1st mortgage 6 per cent bonds of 1866, due
August 1, 1900, to be paid with accrued interest at the National Revere Bank, Boston, on Aug. 1, 1890, after which date
interest will cease, 30 bonds, of $1,000 each, viz :
11 113 129. 144, 199, 214, 218, 244, 281, 291, 309, 399, 407, 417,
496,' 503,' 540, 542, 547, 689, 705, 718, 726, 727, 746, 768, 775, 824,
865! 911.'
Chicasro Burlington k Quincy.— The gross and net earnings and charges for June and the six months, Jan. 1 to June
30, have been as follows:
Jan. 1 U> June 30.
Jwu.
.
.
—
.
1890.
1890.
1889.
$2,681,060 $2,740,583 $1.5,346,527 $16,937,025
Gross earnings
expenses... 1,69 4,423 1,9 97,694 10,583 ,424 11,345,441
Operating
1889.
$742,889 $4,763,103
4,466,313
761,889
$989,637
744,385
Neteamines
!
Charges
l/iaMma—
Mook, oommon
.542,
1275 1322 1.523, 1636, 1697, 1838, 2132, 2132, 21.59, 2275, 2388,
24"4 2523 2587, 2773, 2914, 2953, 3081, 3123, 3319, 3451, 3460,
3,444,979
ijau credit Items.
OBHB&AI. BAL.AMCE AT CU>SB OP EACH FISCAL TEAR.
1889-90.
1888-89.
1887-88.
BUta Mid accounts receivable
[Vol. LI.
123. 268, 284, 343, 359, 382,
INCOME ACCOUMT.
1886-87.
Stettptf-
^Wt
.
"$245,252 df.$19,000
Surplus
$5,591,584
4,571,336
$296,790 $1,020,248
—A
special meeting of the stockholders
called for August 11, in Colorado Springs,
Colorado Midland.
of this company is
for the following purposes
:
First—To consider and act upon an agreement entered Into by the
Board of Directors of this company, subject, however, to the approval of
the stockholders in meeting duly assembled, with the Busk Tunnel
Railway Co., for the use by this company of a railway about to be constructed by said Tunuel Company, between those two stations on the
line of this company'.s road known as Busk aud tvanhoe.
Scconrf— To consider .and act upon a lease entered into by the Board
of Directors of this comiiany, subject, ho'vever, to the approval of the
stockholders in meetiug duly assembled, with the Bu.sk Tunnel Railway company, for the leasing by this company of a railway about to
be constructed by said Tunnel Company between said stations. Busk
and Ivanhoe.
Third—lo consider the action of the board of directors of this company in authorizing the guarantee by this company of the payment,
principal and interest, of the first mortgage gold bonds of the Busk
Tunnel Railway Company to an amount not exceeding $1,500,000.
—
Kanawha & Michigan. The stock of this company is now
ready for delivery at the Central Trust Company upon payment of the final instalment of the purchase price and surTRANS-MISSOURI RIVER LINES.
render of the Trust Company's certificates. Interest will be
The earnings and income account of these roads have been charged from August 1.
compiled for four years for the Chronicle as below:
FREMONT ELKHORN
MISSOURI VALLEY.
Minneapolis & St. Loul?. The Bank of North America is
EARNINGS AND EXPENSES.
paying coupon number seventeen on the Pacific Extension
1886-87.
1887-88.
1888-89.
bonds, being the one due October, 1889.
1889-90.
—
<fe
723
Milesoperated
Earnings from
Passengers
Freight
—
1,154
1,236
1,236
$637,531
$629,021
$725,702
$752,066
1,861,304
163,899
1,875,382
2,110,099
210,281
262,127
2,209,946
255,732
Total earnings... $2,662,734
Oper. exp. and taxes. 1,352,806
$2,741,687
1,750,966
$3,097,928
2,033,330
$3,217,744
2,174,096
$984,721
$1,044,598
$1,043,648
$984,721
1888-89.
$1,044,598
1889-90.
$1,043,648
$850,842
cr. 2,150
13,120
$927,139
cr. 660
$930 178
12,S28
13,412
13,543
$655,031
$654,877
$861,812
$122,909
$939,891 ~$943,1U
$104,707
$100,534
Hail, express,
&c
Neteamings
$1,309,928
INCOME ACCOtTNT.
^ 1886-87.
„ ,
Neteamings
,
$1,309,928
Interest on bonds
Interest and exchange
Rental
8. C.
& P RR.
$644,233
cr. 2,010
^
.
Total disbursem'ts
Balance, surplus
1887-88.
cr 601
New Tork & New England.—The New York & New England directors at their monthly meeting had nothing to say
about the alleged sale of control to the New Haven road.
They did, however, buy the Providence & Springfield RR.,
whieh, by the construction of 1% miles from FasCoag to East
Thompson, will give the New England a direct line from Worcester to Providence.
New York Philadelphia & Norfolk.—Gross and net earnings for the six months ending June 30 have been as below,
The increase in expenses in 1890 was due to the large amount
expended in the permanent improvement of the track and
roadbed.
SIOUX CITY AND PACIFIC.
1887-88.
1888-89.
107
1C7
107
$222,386
291,069
46,408
$242,093
288,571
55,597
$255,108
269 636
5i;86«
$229
$559,863
280,838
$586,263
392;226
$576,610
3481670
$540367
$279,025
.$194,037
INCOME ACCOUNT.
$227,940
$278,006
^V,i^
Eamin^iKpvm—
!;«!«?«"«'"»
£^'8"
Mail, express, etc
Total eamlugs
Op. eipen. and taxes..
Neteamings
^\^^^::::^""" «""">"«
Northern
^7:^9
_£r.2^
''V,-:^
1889-90
107
67-.
258 513
llXli
322,361
Stock Exchange $36,477,000 of the land grant con5 per cent bonds.
The application to the
Exchange states that " in accordance with the terms of the
deed of trust, dated December 2, 1889, the Farmers' Loan <fc
Trust Co. has certified and delivered bonds Nos. 1 to 38,783,
both inclusive, for $1,000 each— $38,783,000, as follows, viz. :—
Under
Article 3, $1,000,000; under Article 3, $6,489,000; under
under Article 5, $4,633,000; under
4, $6,663,000;
6, $1,000,000; under Article 7, $9,000,000; total, $38,The provisions of the articles above referred to will
783,000.
be found in the abstract of the mortgage published in the
Chronjclb in its issue of February 33, 1890, on pages 379 to 282.
Article
Article
c
n3:fi
c^Mf^,
24
GENERAL INVESTMENT NEWS.
^AtchlHon Topeka & Santa Fe.-It is learned
the total amount of unassented
bonds of tW^3
pi^mini:'*"*"'"""'^^"
is
only $3,0i)o
f«~^-">g' bonds Lave^E^n ^^^l^n^r
uue juiy I, i»08, to be paid }^Z^due JulvT^ms^l'l^'^'^^* at 105 ^ P^' ''«''' bonds of 1879,
and accrued intereit nn
*•** ^-^'^^ °^ ">« Union Trutt
CompanTof New
t*
l"' ^^^- fi"y-t^oLnds
'*^"«'^*
of
CT^nSr
i^m^^X^r"^^
results of the Railroad and
and for seven months of
1889.
R All ROAD
Gross earnings
:
June
.
Si
*
1,536,732
Oper. exp. and taxes... 1,1 12,276
.
1890.
41
.
Dee. 1
1888
to
9.
•(!
Total
912,518
41,966
3,662,012
491,878
459,115
Other Income
954,569
9,870,382
6,208,340
424,456
34,659
Neteamings
officially th -t
companyun^^^^^
^"'"P'"'y "naer
0(»0
& Reading.—The
Iron Company for June,
the Coal
the fiscal year, have been as follows
T2M^
thereorganization plan
mortgage
&
cr":lg^
$64,429
—There have been listed this week on the
New York
solidated
Philadelphia
Total dlsbursem-s... $227,023
$210,746
$209,649
l)efloltorsurplus....Bur.$32,002 def.$16,709
8ur.$18,291 sur $11,
$403,048
340,619
$90,109
Paclflp.
*«?•«««
Miles operated
$336,267
216,158
Net earnings
EABNINGS AMD EXPENSES.
1886-87.
1890.
1889.
Gross earnings
Operating expenses
1,867,087
June 30.^
1889-90.
^
11,316,469
6,761,985
4,554,484
247,172
934,484
4,133,920
4,801,656
1,670,083 1,602,406
Operating exi>ense8.... 1,625,948 1,488,227
(JoU. imp'ts & sink, f ud.
151,566
141,646
Interest on debt
28,175
-27,640
7,811,317
8,056,017
840,726
448,502
9,167,599
8,992,617
785,996
436,237
Tot*l disbursements. 1,805,689
Loss on O. A Iron Co... 135,606
-Vet profit Railroad Co.
459,115
55,107
954,484
9,345,245
1,533,938
4,153,920
10,214,850
1,047,251
4,801,656
8M9,377
2,619.992
3,754,408
COAL & IBON Co.
I
Jross receipts
.
Balance both com'ys.
323,509
1,6.57,513
:
AcousT
i
THE CHRONICLE.
1890.]
143
&
Norfolk
Wkstkrn RR. Co.—$1,100,000 a<Mitional 5 f)er
RirhmniKl * I'rtprshiirir.— On July 25 a ilcwl was fllwl in
Pfttersbiirtt Kail- cent equipment mortgage gold bonds, making total amount
the Clmiuprv ('ourt liv tlie Richinoiul
of listed $3,90.5,000. Of this amount $8.'5,000 has lieen retired by
road ('ompuiiv, iiiorttfiKint; to the Central Trust Coin|>any
New York the ro;i<l. rollinR t<t<Klt an 1 equipments to siMure action of the sinking fund.
New York Central
Hudson Riveb.—$6,000,000 gold
the payment of boivls to the amount of $1,000,(X)() and itUcresf.
These Ixim^.s are to Ije issue*! by the company for the delH-nture fours, due 1905.
imrpose of laying a double track from Richmond to PeteraSngar Trust. Messrs. Kidder, Peabody
Co. have conburg.
sented to act with the Central Trust Company in representing
Rio (jranile Sonthpni.— This road is beinp; built by parties the interests of certificate holders, and have agreed with them
Rio Grande RR., and passing, as it that no plan shall be adopted which is not approved by
interested in the Denver
is state<l, throui^h a rich mining and agricultural section, it is
them.
R. O. The
axi)ected to prove a valiiiible feeder to the D.
Toled'i Ann Arbor & North Michigan. The statement of
lino extends from Dallas, Colorado, a point on the Ouray
branch of the D.
R. O., southerly through Telluride and the earnings and expenses for the six months ended June 80
Rio Grande map in Investors' shows:
Rico to DurangoCsee Denver
1889.
Iturtam.
1890.
Supplement), a total distance of about 164 miles. Construc$566,434
$455,826
$110,608
tion is in rapid progress from both ends of the route it is ex- OrosR earnings
350,104
370,176
20,072
and to Operatlug expenses
pecte<l to reirt-h Rico from the North by November 1,
make connection at the same point from the South by the end
$196,258
$105,722
$80,536
Net earnings
of the year. The road is narrow gauge, to correspond with the
Union Pacific. On July 8 the United States Senate adopted
Southern lines of the D.
R. O., and is being constructed in
a most substantial manner. Five per cent 50-year gold bonds a resolution calling upon the Secretary of the Interior to state
will be issued at the rate of $25,000 a mile, but the whole whether or not in hia knowledge the Union Pacific Railroad
issue authorize!! by the mortgage is $5,000,000, which amount had guaranteed the stock or bonds of any other corporation;
whether or not said Union Pacific Railroad Company had paid
will provide in additon for some necessary branches.
out if its earnings the indebtedness of any railroad company;
Pass.— The issue of bonds to date and if so, whether such guarantee and payment are in accordSan Antonio & Aransas
under the several mortgages is revised as follows
ance with law and consistent with the obligations of the cooa$1.750,ono
First mort(?afro lS8r>, 6 i)ercent
pany to the T'^nited States.
"
•'
4.473,000
1886,6
In his response received by the Senate this week. Secretary
l,72r..0(K)
"
1888,5
Noble says tliat the Union Pacific Railroad Company has
5,112,000
Second
"
1888,5
gi»ranteed the bonds and interest of quite a number of other
.....$13,000,000
Total
Navicorporation ?, including those of the Oregon Railway
South Park Railroad
The 1885 issue covers the line from San Antonio to Aransas gation Company and of the Denver
Company. Some of these roads are operated as feeders of the
Pass, 152 miles the 1886 issue covers 372 miles, as follows
San Antonio to Kerrville. 70 miles Skidmore to Alice, 43 Union Pacific, and the deficiency in their operating expenses
miles Kenedy to Wallis, 132 miles Yoakum, north, towards has been paid by it. These guarantees, the Secretary says,
Waco, 127 miles. The 1888 first mortgage issue covers 115 have been made in pursuance of a fixed policy followed by the
milee Wallis to Houston, 44 miles, and Shiner towards Aus- Union Pacific for years as a means for increasing the business
tin 71 miles.
The second mortgage issue of 1888 covers 639 and earnings of its main line, which j)olicy lias been approved,
miles, being the total of the mileage as given above. Holders after frequent investigations on the part of the Government
of a portion of the unfunded debt are willing to accept second by its officers. In conclusion, he says
" Inasmuch as, according to the report of the Commissioner
mortgage bonds.
of Railroads, said company has complied with and continiies
their meet^ t. I outs &
San Francisco.—The directors at
to comply with all the requirements of Congress as to payweek voted to pass the dividend on the first pre- ments to be made to the United States, I do not see how its
't
shows a small action in the premises can be fairly regarded as endangering
ferre 1 stock.
The statement submitted
first
six
jnder
charges of
$82,729 for the
de CK
or injuring the interests of the United States as a creditor of
months of the year, which are usually much less the said company, or be considered otherwise than legitiThe resolution passed mate and proper in the prosecution of its business. It has
favorable than the last six months.
was as follows Voted, " That no dividend on the first pre- given no lien or mortgage on or made any pledge of its assets
ferred stock of the company be declared at this time and that
on which the United States has a lien, but seems to have
the Vice-President be instlTicted to prepare and publish a simply used its credit and its share of income, as it has a right
statement showing the results of the operations of the corn- to do, in promotion of its proper purposes."
pany for the first six months of th^ year." The statement is
In an opinion accompanying the letter of the Secretary, the
as follows
Assistant Attorney-General for the Department of the Interior
OroA8 earuln)^
$2,89.5,879 says that on the facts shown by the Railroad Commissioner
OperatiiiR expenses
1 ,747,208
there has been no violation of the United States statutes gov$1,148,011 erning this corporation by the company in these matters, or
Net earnings
Chargts—
of its obligations to the Government.
Taxea
$84,000
Tlie report and its accompanying papers were referred to
.
Kentals
67.351
the Judiciary Committee.
Interest paid an rental
115,880
Interest on l>onds
884,361
Union Pacific Denver k Gnlf.— Mr. Charles Francis
SluUuK funds
102,440
1,2.53,832 Adams,
that
announces
upon August
5
President,
company will begin the issue of its five per
the
Balance -deficit
$105,221
mortgage bonds to replace the outstandmg
first
22,491 cent
Otber receipts
bonds of the consolidated roads. The issue of the new
Balance deficit
$82,729 bonds is limited to $25,000 per mDe of completed single
Olhtr priymeHU—
track road and $35,000 per mile of completed double track
Improvements
$69,1 13
Gulf Railway Company.
road of the Union Pacific Denver
Interest and discount
5,151
74,264 The payment of interest on the bonds is provided for by a
I
with the Union Pacific Railway Company.
$156,993 traflBc contract
Deficiency for six months
The exchanges will be made for the several bonds on terms
SIlTcr Parcha.ses. The following circular is issued by the following:
Treasury Department at W^ashington
"For each $1,000 first mortgage bond of the Denver Texas & For*
WASurac.TON, Aug. 1, 1890.— On and i»fter the 13tli InstofTers for the Worth Railroad Company bearing November, 1890, and suheeqaent
sale nf silver bullion In lots of not less tban ten thousand ounces, and
coupons, one new bond for $1,000 bearing Interest from June 1, 1890,
Its delivery, free of exixjnse to the Hovernuient. ni any speclttcd colaand !i<4 17 in cash.
see mint of the United Htates. will be received, either by telc«raph or
" Chicoso <;anyon Railway Company first mortgage bonds exchanged
letter, for consideration, at 12 o'clock M. on Mondays, Wednesdays and
on the same terms.
Fridays of each week, except when these days fall on legal holidays.
" For each ifl.OOO first mortgage bond of the Denver Texas & Fort
All bids will hi' directed to "the Director of the Mint, Treasury DeWorth Railroad Comi any beanng November, 1 891, and subsequent
partment, WashiUKton, D. C.;" will state the quantity ottered in tino coupons, together with *4,5 K3 in cash (to adjust interest), one new
ounces, the price irt fine ounce, and the Mint at i*hlch the bullion is to
bond for .fl .«i<)0 bearing interest from June 1, ISOO.
be delivered.
••
For each $1,000 first mortgage bond of the Denver Texas * Gnlf
Bidders will be notified by telegraph of the acceptance or rejection of Railroad Company bearing October, 1800, and subsequent conpons,
their olTers.
one new bond for* l.OUO bearing interest from June 1, 1890, and $8 34
The right to reject any or all bids is reserved, and also to accept any h» cash.
^ . _
portion of an amount iitrered Instead of the whole.
Fort Worth & Denver
•' lor each $1,000 first mortgage bond of the
The delivery on a purchase must lie eouipleted within ten days after City Railway Company hearing December, 1890. and subsequent couthe n<'cepli»uce of the otter.
pons, one new bond for $1,000 bearing interest from June 1, 1890.
Payment will be made by draft on au Assistant Treasurer of the
"For each $1.(100 first mortgage bond of the Pan Handle Railway
United Htates, payable in Treasury notes.
Company and of the Canyon de Agua Railway Company bearing January
When bars bear the stamp of well-known refineries such appropriate 189i,and subsequent coupons, one new bond for $1,000 bearing In
value will be paid, pending melt and assay, as may be regarded safe terest from July 1, 1800.
_
„
i
and proper.
"For each $1,000 equipment trust bond of the Denver Texas and
Wlien the bullion purchased is of a character to require parting or
Fort Worth Railroad Company, the Denver Texas & Gulf Railroad
by Company and ihe Fort Worth & Denver City Railway Company,
roflning. the usual Mint charges for these operations will be paid
the seller.
bearing t-eptember, IfOO, and subsequent coupons, one new bond for
No bars weighing over 1,200 ounces will be received.
interest from June 1, 1890, and $12 50 in cash.
No silver coin except uuciun-nt an<l niutiluted coins of the United $1,000 bearing
" For each $1,000 funded interest certillcate of the Denver TexM *
States will be received on account of purchases.
Fort Worth Railroad Company bearing November. 189(<. and subseWILLIAM WINDOM, Secretary.
quent coupons, one new bond for $1,000 bearing interest from Jnne 1,
.
_
.,, .,
Stock Exchange— New Securities Listed.— The following 1890, and $4 17 in cash.
.
" The option for making exchanges will remain open until November
securities have been listed on the Stock Exchange:
'"
Northern Pacific RR. Co.— $26.447.0(K) railroad and land
Exetianges will be made In New Tork at the office of, tb« lliiiom
"^tant consolidated mortgage 5 per cent gold bonds.
Trust Company." | IM
&
&
—
&
&
&
&
—
&
;
—
&
:
&
&
:
:
;
;
;
;
:
\
•
:
:
&
—
„
—
IHK CHRONICLE.
144
Reports aufl
^'^'^^'^'^"l?^
FIRST CONSOLIDATED MORTGAGE ON THE RICHMOND
& ALLEGHANY DIVISION, SECURING $6,000,000 GOLD
Da*c—January 20, 1890.
Parden-rue Cliesapeake
1.
1989.
& Ohio Ry.
and the Central Trust Co. of
New York
« f .,„.f
.
Co.. of the first part,
and Henry T. Wick..
of VifKinia, trustees, of the seoond part.
,
. .. „
of the
Prooertii Conveyed— Al[ the line of railway formerly
of
^ ," „ AUeghanyRR. f!n. pxtendinET from the city ot
"
the'
niT RR Co. extending
Richmond''&
and
Riclimond, Virginia, via Lynchburg Campbel Co.,
Buchanan, Botetourt Co., to Clifton Forge, Alleghany Co.
constructed, ma distance of 231 miles, and all branches now
and
cluding its North River, or Lexington Branch [19 miles],
including also the railroad acits Kivanna River Branch, and
Clifton Forge Railway Co, Also
quired from tlie Buchanan
appertaining, and all
all lands and appurtenances thereunto
locomobuildings, fi.\tures of every kind, all leases, and all
to the
tives and other rolling stock, excepting such as belong
Alleghany Car Trust; and all other property, real, personal or
mixed, acquired for said railroad; and all the rights and franAlleghany Ry. Co. (except its rights
—chises ^,. the Richmond
^.....^^o of ...-n,
-u
ham
.
.
—
—
&
-
fr«"'^'"^<f t^.'f "?'JH^'
..
..
tTi^/Ss
u,.„„
_o;i,.,^QfU
and frandiiS
°hal
'
not be subject to the lien of this mortgage). And also all the
property acquired from the James River & Kanawha Company, and all the property and premises lying in the City of
Manchester. Chesterfield Co., Virginia, on the south side of
the James River and bet»veen the said river and the track of
the Richmond & Danvdle RR. Co., extending from the head
wall of the Manchester Canal to Walker's Creek; and also the
said Manchester Canal, with all its rights, etc.; also the bridge
across the James River at New Canton, Buckingham Co.,Va.,
and certain lands and premises adjacent thereto.
THE BONDS.
2—4
rinST COMSOLIDATED MORTGAGE 4 PKIl CEST GOLD BONDS AND
I'ER CEKT GOLD BONDS.
Date-January 20, 18flO.
Dcno»iiHrt(io)i— $1 ,000 each.
4»io«iif.li<//ioWrcrf— $6,000,000.
,„„„
Principal ftivoWr— The principal is payable January 1, 1989, in gold
«oin of the tlnftcil States of the present standard of weight and Une.
Interest Pai/(i6ic— The interest on $1,000,000 bonds numbered from 1
The interest on the reiii(-lu..^ive is 4 per cent per annum.
maining ifS.WKI.OOO bonds, numbered from 1,001 to (j,000 iivclusive, is
cent per annum for four years from .lauuary 1, 1 890, aud there2 iier
after 4 per cent till nmturity. The interest on all the bonds is payable
January 1 and July 1, in United States gold coin of the present standard of weight aud Hneness, at the company's agency in New York City.
Freedom from Taxation -The company agrees to pay both principal
and interest without deduction for any taxes which it may be required
to 1,000
to retain therefrom.
Coupon or Iteifis/cred—BonHs are all coupon bonds,
istered as to pi incipal.
LI.
hereby mortgaged or institute any suit in law or equity for
the foreclosure hereof or for the appointment of a receiver
otherwise than in the manner herein provided.
Default— Principal to Come Due.— In the event of default
the payment of interest or in the performance of any of the
covenants contained herein, made and continuing as hereinbefore mentioned, or in the event of the trustees taking possession of the premises hereby mortgaged, then the whole principal sum of all the bonds then outstanding shall, at the option of
the trustees, or if the trustees omit to declare the principal due,
at the option of the holders of 35 per cent in amount of the
bonds then outstanding, expressed in writing and delivered to
the trustees, forthwith become due and payable; but when
the principal sum thereof has been declared due and payable,
the holders of a majority of the amount of the bonds then outstanding may reverse such declaration on such terms as such
majority may deem proper. In case of any proceedings under
this mortgage the railway company covenants that it will not
claim the benefit of any stay, extension or appraisement
law now or at any time hereafter in force.
Release of Properti/. Property no longer useful in the operation of the'railroad may be sold, free from the lien of this
indenture, provided that the proceeds of sales therefrom shall
be invested in other property which shall become subject to
this indenture, or shall be employed by the trustees in the
purchase cf bonds hereby secured, which bonds when so purchased shall be canceled.
If, for the purpose of promoting the construction of union
depots at Richmond or Lynchburg, or of any yards at either
the construction of a connecting railway
between the line of railway hereby mortgaged and the old
main line of the Chesapeake & Ohio Railway Co. in the city
of Richmond or adjacent thereto, the Chesapsake & Ohio
Railway Co. shall make written request to the trustees to release from the lien of this deed any portion of the premises
(other than its necessary right of way) now held by the railway company in the cities of Richmond. Manchester and
Lynchburg, the trustees shall grant such release.
Provided, always, that the power of release so given shall
be exercised only in case of the sale of the property or to facilitate the creation of a series of bonds to be secured by mortgage on the depot, yard, or connecting railway for which
such premises are to be used. And any proceeds of the property
so released shall be applied towards the constructicjn of such
union depots, yards, or connecting railways, but, in any
event, bonds secured by mortgage on the depot or connecting
railway so constructed, fully equal in value to the value of
the property released, shall in due time be delivered to the
trustees and held by them as additional security for the bonds
issued hereunder.
And provided further, that if any such depot, yard, or
connecting railway be built by any company other than the
Chesapeake & Ohio Railway Company, the directors ot said
company shall certify to the trustees that satisfactory contracts have been made for the use of such depot, yard or connecting railway for the benefit of the line of railway hereby
mortgaged, and such contract shall at once come under the
—
&
and
/ou
m
""CHESAPEAKE & OHIO.
BONDS DUE JANUARY
[
and may be
reg-
'
Fund— Hone.
Coupons When Paid to be Canceled.— ''When and as the lien of this mortgage.
If the Chesapeake & Ohio Railway Co. shall desire to sell
interest coupons annexed and to be annexed to the bonds secured hereby mature and are paid by the railway company, or any of the water powers and rights mortgaged hereunder, the
any person or corporation for it or in its behalf, they shall be trustees shall, upon written request, release the same for such
canceled, and after default in the [jayment of any such cou- considerations as the Chesapeake & Ohio Railway may agree
pons, such couiwnsshaU not be deemed to be secured by or oth- to accept, and any cash received therefor shall be applied as in
erwise within the trusts of this mortgage, unless accompanied the first paragraph of this article provided, and any bonds and
stock received therefor shall be held as additional security for
by the bond to which the same were originally attached."
Default. Incaseof default for over three months in the pay- the bonds issued hereunder.
Trustees. Any trustee may be removed at any time by an
ment ofthe semi-annual interest on the bonds secured hereby, or
in the payment of the principal sum of each when due, or in instrument in writing, executed by a majority in interest of
case of failure for six months to perform any of the covenants the holders of the bonds secured hereby and then outstanding.
contained herein, then, in any such event, the trustees may A majority in amount of holders of the outstanding bonds
in their own discretion and upon the written request of hold- hereunder shall have the right, by instrument in writing, to
ers of one-quarter in amount of the outstanding bonds,'and appoint a new trustee to fill any vacancy which may occur in
upon adequate security, etc., shall forthwith (1) take posses- the trusteeship, and until such appointment be so made by a
sion of all the property hereby conveyed and operate the majority of the bondholders, the board of directors of the
same, and after deducting the expenses of operation and of railway company may appoint a new trustee to fill such vareasonable repairs, additions, taxes, etc., shaU apply cancy for the time being. Should any vacancy be filled by
the remaining net income therefrom to the payment of the company under the foregoing provision in that behalf it
the interest duo on the said bonds outstanding in its order of shall be competent for any court of competent jurisdiction,
maturity ratably to the persons entitled to receive the same upon the application of a majority in amount of the bondholdwithout any discrimination between them; or (2), the trustees ers, to annul such appointment, and to appoint the trustee
may or shall under like conditions proceed to sell all the premises nominated by such majority.
Hilling
—
heieby mortgaged to the highest bidder at public auction, and
after deducting from the proceedsof such sale proper allowances
for all ex|)ni!^es thereof, aud all liabilities fjr taxes or other
proper charges, they shall apply the residue of the money
arising from the said sale to the payment of the principal of said
bonds outstanding and of the interest which shall have accrued up to that time, without distinction or preference as
between principal and interest, but ratably to the aggregate
amount of such jirincipal and accrued interest; or (3), the
trustee-s may or shall under like conditions proceed to protect
the rights of the bondholders under these presents by suits
in equity or at law for the enforcement of any appropriate
or e«|uilable remedv.
Provided, that no holders of any bonds or coupons secured
hneby shall have the right to institute any suit for the execution of these trusts without first giving notice in writing
to
the tnistees of the fact that default has occurred nor without
allowing them a reasonable opportunity to seek redress.
And
provided, also, that neither the trustees nor the holders
of
the bonds or coupons hereby secured shall sell the
premises
lejral
—
SECOND CONSOLIDATED MORTG.-^GE ON THE RICHMOND & ALLEGHANY DIVISION, SECURING $1,000,000
GOLD BONDS DUE JANUARY 1, 19S9.
2)a<e—January 30, 1890.
Parftes— The Chesapeake & Ohio Rail wav Co. of the first
part, and the Central Trust Co. of New York and Henry T.
Wickham of Virginia, trustees, of the second part.
Property Conveyed.— The property conveved is the same as
in the first consolidated mortgage, an abstract of which is
,
given above.
The Bonds.— The reading of the bonds is similar to that of
the first consols described in the preceding abstract, except
that the bonds bear 3 per cent interest for one year from January 1, 1890, and thereafter 4 per cent.
Cancellation of Coupons, Default, Trustees, etc.— The provisions respecting the cancellation of coupons, the remedies in
case of default, the release of property mortgaged, and the removal and appointment of trustees, are precisely as .set forth
the abstract of the first consolidated moitgage above given.
m
1
.
AcousT
ITTE
1890.)
2.
CHRONiCUs.
145
COTTON.
Commercial ^imcs.
COMMERCIAL EPITOME.
'^hc
Friday Nioht, AuRust
1890.
1,
1ms iM'on very hot the past week tbrou.fi;hout northern
latitudes of the United States, and the speculation in breaUBtufT«, stimulated by reports of damage to growing crops by
drought, hiis at times been very active. Heavy rains have
fallen on the Atlantic coast, but it has cleared up. An attempt
It
The
rise
in silver
week
to exert
abolishing appeals to the courts, went info effect to-day.
lj\rd on the spot was firmer early in the week, with a better
busines-s done, but has latterly been drooping, closing dull at
5-65c.
prime
for
6'15(a6'65c.
city, 6-17?;j!a6-20c. for
prime Weslern and
for refined to the Continent.
The stock
iu this
at—
Rteelptt
total receipts since the l8t of Sept., 1889,.
against 5,508,021 bales for the same period of
increase since Sept. 1 , 1889, of 285, 1 2 boles..
an
Tue:
Mon.
Sal.
Thur$.
]
20
454
65
10
4
We<l.
)
118
12
Oolveston
£1 Paso,
4'
Fri.
Total.
7
105-
116
14
608
1
03
TO
7
28
37
20
3
Port Koyal,&o
WiluiliiKton
1
65
Norfolk
West
14
141
20
75
62
14
Point...
596
H'wp'tN'9,4c.
Slew York
Boston
Baltimore
9
24
254
671
162
100
400
40»
34
8
50
10
Phlladelph'a.Jko
bO
market was today found to be unusually large, aggregating
Tot.ilstljlSTveckl
105
6621
804
7931
86,
646
2,596
The specculation in lard for future delivery
For comparison we give the following table showing the
was buoyant early in the week, in sympathy with the corn
week's total receipts, the total since .September 1, 1889, and
market, but latterly prices have declined.
the stock to-night, compared with last year.
OA2LT CLOantO PUCES OF LA&D PCTUKE!.
49.833 tC3.
Mon.
o.
o.
October deli very
o.
c.
c.
November
delivery
Deeeiuber dflivery
January de.tveiy
e-.-io
642
650
6-53
e.
6-33
6-4f»
6-63
6-77
6-78
6-39
6-15
6-30
Tver.
6 33
Sal.
Aaio")' delivery
BepU'iuber delivery
6-60
6-71
C-73
683
Wed.
6'25
6-41
6-53
6->2
6 63
6-78
Vfur.
6-38
6-50
6M3
6-63
6-76
Fri
634
«4S
6 59
6-60
673
Pork was firmer and more
active, but closes dull at $13 2«')9
mess, §10(3 $10 50 for extra prime and $12 50@
Beef is steady at $6 50@ $7 for extra
|1 3 75 for clear backs.
mess, $7 50(5 $8 for packet and §12 50@$14 50 for extra India
mess. Beef hams are firmer at $17 75 g $18 per bbl. City cut-
new
$13 75 for
meats have been firmer, but latterly quite dull; quoted at
lOglOJ^'c. for pickled bams, 55^i@6c. for do. shoulders
and 53^@6c. foB bellies; smoked shoulders Q^^lc. and
smoked hams. 119^(912c. Western sweet pickled hams have
sold pretty freely for September at ^y.^i^^s^- Tallow is
firmer, but quiet at 4
bhds. and
tcs.,
9- 16c.
fBtearine is quiet at 7}^(a Tf^c. in
and oleomargarine steady at SJg® Co. Butter
for creamery and ll(ai6c. for State dairy.
dull at 14i318c.
Cheese
is
firm at 6%@'ic. for State factory, full cream.
as follows:
AiiKUSt
September
October
nSTie.
1710e.
16-4; o.
—an advance for
I
1
November
December
January
the
week
15 950.
15'90o.
15-COc.
February
.Marc>i
April
15-4.'!o'
..15-3(«
1d-25c
Raw sugras were active early in the week, but have become
duller at 4 "aC for fair refining Muscovado and 5}^c. for centrifugal, 96 deg. test. Refined sugars are decidedlv lower at 6fsC.
Molasses clull. Rice very
for crushed and 6c. for granulated.
firm.
The tea sale was a small one, and full prices were obtained.
Kentucky tobacco is firm. The exports in July were
2i.^@4i^c.,
9.642
hhds.:
lugs
and leaf
quoted
at
4^2<§12c.
for
the
Seed leaf has been more active
past
week,
sales aggregating
1,400
cases
as follow:
700 [cases, -1889 crop, Wisconsin Havana, 9 to ll'^c; 150
ca.ses, 1889 crop. New England Havana, private terms; 150
cases, 1888 crop, Dutch, 11 to 12J<c.; 100 cases, 1888 crop.
State Havana, 13% to 15c.; .50 cases|^1888 crop. New England
Havana, 16 to 'i'i^ic; 150 cases, 1888 crop, Wisconsin Havana,
11 to I'ic, and 100 cases sundries, 6 to 2.5c.; also 7.50 bales
Havana, 65c. to $1 15, and 500 bales Sumatra, $1 40 to $2 10.
Refined petroleum in bbLs. is quoted at 7'20c. in bbls. and
9-lOc. in cases
crude in bbls., 7-40c.; naphtha, 7-40c. Crude
certificates close at 89c. per bhl.
Spirits turi)cntine is weak at
41'.^(a42c.
Rosiii.-i are weak for low grades at $1 ilK^id^i 45
for common to g(K)d strained.
Woal is more active, but at
rather easier prices. Hops are quite firm.
On the Metal Exchtingo. Straits tin is quiet and steadv at
20-80c. on the sjxft and 20-90c. for October— 10 tons sold to-dav
at 20-95c. for August.
Ingot copper is dull and nominaL
Lead is firm but dull at 4'4.'5c. Pig iron warrants were quoted
yesterday at .$15 62'.^ on the spot and $16 for October. The interior iron markets shows a slightly improving tendency,
especially for manufactured stock.
t^
1888-89.
Thh
1.
Galveston
El Paso.&c.
Mobile
Florida
..
Brun8.,iS[C.
..
P.Royal.ic
Wilmington
.
Wasli'tn,&c
STorfoltc
West Point.
NwptN.,&c
Hew York. ..
Boston
Baltimore.
..
&c
PUildel'a,
Slofk.
Since Sep.
1,
1890
1888.
1880.
671,230
23,132
57
211
274 1,689,150
11,899
11,058
295
113
435
1,06«
204
99
252
121
1,423
449
51,361
2,979
97,126
2,800
1,914
3,757
71,409
118,714
75
5
838,912
23,212
698,1,950,447
70 239,918
..-•..
32,277
28 937,814
162,9B2
37 320,623
1,833
8 132,930
3.749
254 402,575
671 826,435
1G2
59,294
409 115,950
34
72,802
50
90,121
10
81,379
New Orleans.
Oharleslon
1,1889.
This
Week.
165
. .
?av.iunali.
Since, Sep.
Week.
Avgxmt
12
209,311
27,010
814,449
132,099
383,645
16,223
151,981
4,369
485,693
411,0S7
136,258
130,821
103,735
66,165
51,631
2.13
12
3
8
11
14
120
"103
21
1,600
901
911 5,508,021
2,596 5,793,133
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts ill—
1800.
Galv'8ton,&c
.Vew Orleans
Mobile
Savannah.
28
37
8
ft'ilm'gt'n,&c
Norfolk
Wt Point,
A'.' others
254
833
503
Tot. this week
Since Sept 1
1886.
1,711
552
495
159
375
224
302
548
48
235
24
25
10
1,301
9
5
81
we
1885.
231
3
470
227
316
82
17
2
705
148
199
170
31
4,743
1,493
6,384
911
8
1
2,464
25
214
2,596
Ac
1887.
131
80
274
13
253
12
3
70
..
1888.
1889.
1«5
693
Charl'8t'n,&c
of 40(3 50 points for the early
months.
;
1889-90.
Rteelptt to
Totals
Coffee on the spot has been more active, and prices are
dearer at ISi^OlSSgC. for No. 7 Rio, "flat bean," and the sale*
embraced No. 6 Rioatl9}^c. and Timor at 22'4c. ThespeculaJ
tion in Rio options have advanced in the lace of weak Brazil
advices, and were firmer to-day, closing steady, with sellers
•
week, making the
5,703,13:3 bales,
1888-9, showing
began at the close of Charleatou
a fresh influence in speculative circles.
The new law regulating the collection of customs duties,
making existing taxiff laws nuich more stringent, and
the
P. M..
(;rop. as indicated
from the South to-night, is given l)eIow.
thU evening the total receipts have reached 8,596 bales,
against 8,643 bales last week and 3,.500 bales the prcTiooa
Buenos Ayres caused 6ome disturdEC...
bance in values of South American products, (leneral trade Kew Orleans...
Very slow progress is made with the Mobile
is fair for the season.
Florida
new tariff bill, and some doubts begin to be expressed whetlier Savannah
any action will be hud on the subject at the present
BrutiHw'k, dko.
at a iwlitioal revolution in
session of Congress.
August 1. 1890.
bv our tclegraimFor tlie week ending
Friday.
Thk Movement op the
1,199
7,624
2,038
5793.133 5508,021 6497,596 5206,178 5306,296 4736,534
The exports for the week ending this evening reach a total
of 13,519 bales, of which 13,283 were to Great Britain, 16
to France and 320 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1889.
Wtek Ending Aug
£a^orfert to—
Oreat
BriCn.
from—
f^^'
.
lyom
1.
Total
Britain.
Orleans..
Mobile
Savantiah
Brun&wick....
Charleston
Wilmington...
1
West
Point....
N'port Nws,
»o
Newyork
Boston.
Baltimore
Phllaaelpa,Ac
Total
Total. 1M8-Hf..
7.9ial
.
......
......
,,..,,
......
.^,...
U
...\tt
SM
,
..;...'
--I
37,756.
.**•>
•
13.283
i6i
aao
7.(550
ssa'
1.114
S;
260,»ltt
14,887
ia<,8l>2
24.020
:
H0,010
42.708,
\
ei.oiB;
8
32,988
228,238
168,320
87.706
44,789
53I,40»
117.179
240,333
11 2, US*
348,181
1S«,OSO
tAiS
Total.
132,110 4T4,25l>
647,283 1.814,S;7
79,1«1'
,,',,,,'
.._;_(
N'ortolk
Oontinent.
'"•""
30-,4»0 31.05B
925,8Sd .•M1.708
44.7S9
153.062 30.220
102,8J>
51,5tH 24,aie
6,368
5,369
^
Urtat
Weik.
Confinent.
Galvestim
Kew
Sept. 1. 1880, to Auti. Ijl830
BxiHtrtrti in,
i,W4l
85,580
'
18"l,S4ft
80
37.801
149.837
4.114
65.318
«.130
741 .05U
li0,164
1S0,98»
87,72»
13,510 2,871J>li« 47ii.ll« 1,518.3!1 4,869,019
0.5B0 3.8at.l38
4>)(S,744
1,3(0432 4,083.301)
..
„
.
:
THE CHRONICLE
116
also
In addition to above exports, our telegrams to-night
shipboard, not
jrive us the following amounts of cotton on
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Carey, Yale <fc Lambert. 24 Beaver Street.
[Vol. LI,
The Sales and Prices of Futures
are
shown by the
following comprehensive table:
We
sag's
(B
On
Aug.
1,
a<—
Oreal
Shipboard, not cleared—for
Leaning
i
Fratice,
Britain.
Other
Foreign
Coaatioi»e.
wot
S
Stock.
Total.
o a .5
as
GQ
n
0-0 ODtB
CO (p
Savannah..
Oalveston.
Norfolk
Hew
..
None.
5,000
1.000
York....
Other porta.
None.
None.
None.
None.
None.
None.
850
None.
None.
None.
None.
None.
None.
None.
None.
None.
772
None.
None.
None.
None.
(Tew Orleans.
Hobl;e
Oharleston ..
1,500
2,272
None.
None.
75
None.
None.
None.
None.
None.
None.
75
None.
None.
6.450
295
204
360
57
no
fD CD
WW
ToUl 1889.
Total 1888.
1,575
9,797
3,400
6,607
336
2,649
19,233
23,046
u
o
2
MO
I
tSlOQtO
I
inon Tnea
9^
959
103,6
10%
lUia 11»8
ll''l6
1138
lll»,«
121,8
I2I4
121^
III2
ir-
Wed
Tli
911,,
p? ^
11
117,8
13%
13=8
^ MM
i-^h^
Ordinary
Strict Ordinary
Good Ordinary
Strict Uoof] Ordinary
Low Middtiug
«trict Low Middling
Middling
:.
Oood Middline
fltrictGood Middling
»lb
60
2
^
aJ":
co^o
OCT >0
00
<1C0
MM
00
2
8P;
MMC5M
or?
ll"u 11%
12% 123 8
1238
129,6
121»,g
13
137,6
13l3,6i 13ii,6
Fair
STAINED.
j
Sat. Rlon
Good Ordinary
Strict Good Ordinary
m lb.
93e
913,6
9%
1158
121,6
127,8 12»16
1258
12%
12^8
12%
131,6 1216,8
13% 1338
14
13^8
Tnea
Wed
12 14
Bat.
Dull
.
Mon. Qnietat % adv.
Taea. 0't&Ht'dy,i,8ad
Wed KaBy at % dec
Tbnr. Dull at l|8dec..
Fit.. Easy
.
port.
Con-
Uump.
I
11%
101.6
oaas
00
o»
ciirfL
ui
5^
2
"^
MM
00
tCffl
(B.
0-.W
2
"I
MM^lM
00^
if^Ot
MMOM
M
coco
GDOi
IJ
MMOM
M
OM = o
XfeS
MM b.
00
2
-j»
5
2
(ft
"^
«r:
0000
cpao
??
Adi
»<>
<
2
''
^
didi
2
8*-:
MM
9?
d<iPdi
000 «
b.
5^
00
tjicji
oa>
I
"1
M,^
bad
09
5
2
^
I
8
:
MM
00
Oi(i.
t>.
5^
2
9
1
<i
8
er:
8f
«
MMOtM
OOCO MMMM 0000 0000 MMOOM MMOOM
COOO MMffiM MM03M 0000 0000
®
®
I
oi
MM
OC
wii>-
OOD
>.
IJ
2
''
;
>.
n^iii
woo
tj.
1
ijl
OitXI
35
1,
:
ut
00
mcc
cjt
MM
00
I
^01
1
g'l
^
MM
MM
00 > 99
IJ
00
2
'^
®f»:
8.";
[^
-T
cjirf^.
8!^:
o®
2
"^
®r:
MMCOM
-GSM
COO MM^IM MMO-.M 0000 0000 99-9
0000 0000 MMlfcM
tiicj«P jl
® oi
Kl
MM O
o «
MM •> MM
MM > MM >. MM
00 5 99 < 00 5 99 ^ 99 ^
5^
99
Aoi 2
*
2
^
oral
IfO!
too:
o®
8.-':
8»:
8»:
P.":
s*-:
MM05M
MUCM mmo:m MMtOM MMOJM M
0000 000 0000 0000 0000 o 00
Ul
©u>
6o®w
01
(^
00 OS O or
MM
MM ;> MM
MM >.
00 5 99 ^
99 ^
99 <
A
tiai
1
COM
®00
CM 2 didi 2 osot 2 (OS) 2
&."
8«:
88
8
8
MMtf*.M
0000 0000 MMIOM 0000 OOOC M 29
0000 MM03M MMtCM 9 03M
»0®CT <»<i®CJ>
»d®cA didi^di
00 CD CO ®
a® oi men to
MM V
>00 5 K
99 5 ©o
oso 2
Oio)
03 03
I
I
I
I
I
cii ci»
k>
to-
o'loi
CJiCJt
"^
"l
I
I
I
''
I
I
,*>-M
I
I
I
t^
)>.
CJiCJi
"^
:
cwo'i
"^
ui**.
I
"^
I
•
I
I
I
KJM
"^
koo
2
«
tOOJ
MMOM M » MM MMMM
0000 9 29 COOO
oscr.^d
I
oj-':
tf>.oa
03
:
I
6—
>o
MMO^-*
''di
o
oa
2
'^
8r;
M ifM
o 00
I
d-di^di
0000
I
0:
t
99 ? 99
do 2 didi
00
oo
^
^
I
I
"^
o
:
I
Tb. Frl.
8
I
8
I
I
I
I
I
I
I
I
9"^
939
10
10
1015,8
Spec- Tran- „ . ,
^tal.
uPt'n tU.
1,893
"66
96
72
146
1,006
187
107
1,107
8,180
.
187
FDTCHES.
Sale*.
Dfliveriet.
13,600
40,400
45,100
86,600
31,000
23,800
... "7.337 2,355
T°»*>
9,692 190,500
»i?? "•"y .?«"*'<''«», given above are actuaUy deUvered the <i».
"o"verea tne day
prerloas to that on which they are reported.
l
CCOD
03
ll"l« ll'»16 11%
6,287
72
00
1313,, 1315'la
11^8
97,6.
SALES OF SPOT AND TRANSIT.
El-
:
tctcoto
12ll,6
12^8
13^16
MARKET AND SAL£S.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the
convenience of the reader we also add a column which
shows
at a glance how the market closed on same days.
SPOT MARKET
CLOSBO.
I
1214
127,6
1211,
12^8
135,6
2
"^
e»
MMCOM MMlfcM
MMOOM
0000 0000 0000 MM03M MMO)-^
cooo 0000
1
9»16
103,6
1016,6
11%
lOH
11%
10>4
11%
10%
10
'
.,
913,,
&.-:
:^
KIM
a<i
b.
er;
MMOOM
Prt.
9'8
11»1«
ll'ie
I
9
2
1
9»8
10>,8
1016,t 1016:8
1138
1113,8 H13l6
121,6 121,
12"4
1214
Tb.
CCtO
I
e6«
Pri
Wed
a a n
0 a
CD
1
00
do
'Oft'''
K!(o
2
MMOM
^5too^^
MWM MMODM MMC
I
913,8 915i8 10
10"4
1039
107,6
11% Ilk 11»|8
1214
12'l6
121116
127e
135i6
Middliag;iFair
LiOwMiddlIng
Middling
nion Toea
Sat.
a
5^
I
GULF.
to
^o^^o^^
sup:
0«D
MOO
I
9=8
101,6
10%
tOtOOtO
2
CO
1116,,
11^8
12%
12'i« 12>4
1238
12' 8 12*18
1258
12'lt» 12*18 12%
12%
1213,, 12^8
12% 1211,8 1211,6
13>4
135,8 133,, 13%
13%
13% 1313,. 1311,, 135b 13=8
12"u
Fair
9is,f
K,
"I
—
Nat.
t.it-1
I
—
lb.
8»:
itLcji© lU
t^
WOO
1,000 bales for Great Britain.
The total sales for forward delivery for the week are 190,500
bales.
For immediate delivery the total sales foot up this week
9,693 bales, including 7,337 forexport, 2,355 for consumption,
for speculation, and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
each day of the past week July 26 to August 1.
<|^
"
MMtf*-M
I
MM
a
o
MM ^
>.
its
advanced
on Monday and I-I60. on Tuesday; declined J^c.
on Wednesday and l-16c. on Thursday. To-day the market
was easy at 12J^c. for middling uplands, the sales including
UPLANDS.
'
NOT
0.0-
00
Ml-
i^c.
Ordinary
Strict Ordinary
Good Ordinary
Btnct Good Ordinary
Low Middling
Strict I.«w Middling
Middling
Good MiddlinK
Strict Good Middling
Middling Fair..,
Sa
(B
1
The speculation
—
J
©
lio:"
99,491
158,745
in cotton for future delivery at this market
exhibited decided buoyancy in values at the opening of the
week under review. The weather reports were regarded as
confirming the advices of severe drought in the extreme west
of the cotton-growing region; the rains in Georgia and the
Carolinas were regarded as excessive; the manipulation of the
dealings in July options in the nature of a "comer" continued
with much vigor; also, advices were stronger from Liverpool
and Manchester, and silver was advancing. Against all these
influences the bears had little i o ©ffer. Prices were already very
high and there was a reasonable prospect of a full crop next
season, was about all they could say. On Tuesday afternoon
and in the course of Wednesday slight declines were made.
There was some selling to realize. The belief gained ground
that the drought in Texas had not injured the crop except in
a limited area; the excessive rains ceased on the
Atlantic coast, the spot market became dull here and at Liverpool, and the manipulation of July options came to an end.
But values gave way very slowly, and at the close on Thursday
the speculation in silver became again an element of strength,
making sellers very timid in offering the autumn and winter
montlis.
To-day, the closing of Liverpool this afternoon
till next Wednesday for the bank holiday made business
rather slow. Prices were very firm, however, especially for
the early months, with October taking a lead in the volume
of business that it has not shown in some time. Cotton on
the spot has been unsettled and quieter. Quotations were
g;
M
S ® P'<1
I
500
1?
cj
O»ceo
HO'
61,612
3,333
12,151
13,290
850
O S
bS-"p
I
1,423
44,911
4,735
1,000
None.
7,372
T
GO
^.-^
"?
;
o
•
Total 1890.
.
=2
c
;
S;
»
— -® CO SP
QD C3
wa o
&'<
<^
9,627
a
- a,
rt-ft
««S"<i
:
\
w a a
<3 so
3
I
I
I
I
I
I
* Includes sales in September, 1889, for September,
147,600; September-October, for October, 640,600; September-November, for November,
636,200; September-December, for December, 957,200; SeptemberJauuary, for January, 1,570,100; September-February, for February,
1,125,100; September-March, for MarcU, 2.236.900; September-April,
for April, 1,555,600; September-May, for May, 1,815,700; SeptemberJune, for Juue, 1,830,100.
BP" We have Included in the above table, and shall continue each
week to give, the average price of futures each day for each month. It
will be found under each day followinp; the abbreviation " Aver." The
average for each mouth for the week Is also given at bottom of table.
Transferable Orders— Saturday, 12'30c.; Monday. 12-30c.; Tuesday,
12-30C.; Wednesday, 12-30c.; Thursday, ll-95c.; Friday, ll-95o.
The following exchanges have been made during the week:
30 pd. to exch. 100 Aug for July
05 pd. to exoh. 100 Dec tor Jan
•98 pd. to exch. 1,000 S«pt for Aug
I
|
.
AUODBT
8,
mB
ISM.J
to-niglit, aa
The Continental
is-as follows.
I
Btoc-k
lit
inns.
IHHH.
IHftO.
18H7.
038,000
7-l.'>.000
323.000
22,000
1)1,000
»3,()00
750,000
4.000
43,000
B.OOO
687,800
2,000
30,200
10,000
339,000
38,000
8,000
671.000
4.400
38,500
31,000
200
300
6,000
143,000
4.000
58,000
4,000
4,000
15,000
82,000
5,000
61.000
6,000
4,000
300
600
1,100
128,000
3,000
55,000
7,000
11,000
211,000
2.0O0
39,000
5.000
10,000
bales
15,1)00
14.000
Uvnrimol
Block at London
Total Great Britain stock.
8t«<'k at Iliunbiirg
Stock at ltr«>iiit«n
Btock at Ainstcnlam
Btock at Kottcrdam
Btot'k at Autwerii
Btock at Havre
Btock at Marseilles
Block at Karcelona
Btock at Ueuoa
Btock at Trieste
2.55,900
342,100
882.500
59,000
29.000
9,000
118,714
8,770
8
794,900
78,000
48,000
14,000
181,791
22,787
1,013.100
150.000
48,000
27,000
158,537
20,794
5,802
Total EtirOBcan stocks.. .. 1,031.200
115,000
India cotU)n atfoat for Europe
18,000
AmiT. cotl'nalloatforEiirooo.
8.000
71.409
6.720
4,972
Ei;yiit,Hrar.il.i'lic..atltforli'r 1)0
Stock in United States ports ..
Btock in U. 8. interior towns..
United States exports to-day.
1,387
1,255,301 1,106,992 1,140,865 1,423,233
Total visible supply
Of the above. Ibe totals of American and other descriptions are as toUows:
Amertcau—
394,000
169,000
18.000
71,409
6./20
4,972
397,000
121,000
29.000
118,714
8,770
370,000
140,000
48.000
181,791
22,787
376,000
192,000
48,000
158,537
20,794
8
1,387
5,802
664,101
674,492
763,965
801,133
351,000
14,000
103,200
113,000
8,000
248,000
22,000
94,500
59,000
9,000
153,000
16,000
115,900
78,000
14,000
262,000
33,000
150,100
150,000
27,000
bales
Liverpool stock
Continental stocks
AiiiKrlcau afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day.
Total American
Xiut Indian, Braail, de.
Liverpool stock
—
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
Total East India, <&c
Total American
432,500
674,492
.^91,200
664,101
376.900
763,965
into Continental ports this
622,100
801,133
week have been
37.000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 148,309 bales as compared with the same date
of 1889, an increase of 114,438 bales as compared with the
corresponding date of 1888 and a decrease of 167,933 bales
as compared with 1887.
At THE Interior Towns the movement—that is
the receipts
and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
for the week,
corresponding period of 1888-89— is set out in detail in the
following statement.
H Omowt»-OWO-r;or 20
r-
S'o
—o
3
=£
g a
->
35
»??
-;'3.»«
;
5m
o
??
a »'
00?:
"coir
•";
Fsa:
X.*
I: Pi
•
i
:
Quotations fob Middlino Cotto.v at Other Markets.—
In the table below we give the closing quotations of middling
eotton at Southern and other principal cotton markets for eacn
cUy of the pniit week:
Attgusl
1.
SMur.
iron.
Tu«$.
im
Uii„
im
im
im
ii"i«
11^
im
11%
11%
ll»i«
Ills
11>8
Ilia
im
u%
ll'is
11*18
ii'i.
1138
ll'is
H»l«
ll»u
ll's
ll»t«
ll's
1138
ll's
11^8
12l»
12>4
OalTMton...
New Orleans
MobUe
Sarsnnata...
Charleston.
VUmlngton
la's
12>4
1258
11»8
....
Memphis
im
11>«
Louis
Cincinnati
12
12
.
Louisville.
.
St.
11%
12
12
12
12
fP.
^ QD
ll»a
12^
1138
ll's
ll's
13-
12
12
12
The closing quotations to-day (Friday) at other important
Ills
Raleigh
Columbus, Hiss
Enfaula
ll^s
ll«,a
Selma
I
ll's
I
im
Home
|
{Nashville
Natchez
ll's
Shreveport
;
indicates
figures
do not include overland receipts nor Southern
consumption; they are simply a statement of the weeklymovement from the plantations of that part of the crop which
finally reaches the market through the outports.
Wtek
Biceiptt at the Porta.
Endmg—
Jane 37.
July 3
"
- 18
" ti
Aug. 1
...
1888.
ISSO.
1889.
15.08S
1,961
3,301
e.410
2,477
2,055
7.028
2,130
1,303
10,062
1,962
2,600
8.033
6.38*
1.710
3,643
911
2,596
U
iC^
SVk at
Interior Town*. Rec'ptt from Plant'nt.
1888.
1889.
1890.
52,854
45.990
37.867
31.470
28,163
23,686
18,449
16.056
12.683
10.856
19.264
18,031
9,667
9,819
9.158
7,438
1888.
1889.
15,101
13,838
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1889, are 5,788,125 bales: in
1888-89 were 5,501,804 bales; in 1887-88 were 5,497,451 bales.
2.
That, although the receipts at the outports the past week
were 2,596 bales, the actual movement from plantations was
only 213 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
tor the game week were 412 bales and for 1888 they were
—
1,906 bales.
Amount or Cotton in Sight Aug. 1.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to July 1, and also the
takings by Southern spinners to the same date, so as to givlB
substantially the amount of cotton now in sight.
1889-90.
1888-89.
1887-88.
I
00* m;
OO >h
If-
0<£0*
;
-vKl to 9j OD
ODO
op
1
Northern spinners takings to
CD**
O
8
•MM
MODOMi^
I
:
•
MM-J
com; odoco
-Its-
885,928
470,000
889,934
455,000
969,771
420,000
w
cd:
OaOK^UI.
CO
-im
MW
M
«•
I
August 1
1,746,237,1,708,730 1,735,965 1.605,011
* Decrease from September 1.
It will be seen by the above that the Increase in amount in sight
to-night, as compared with last year. Is 297,315 bales, the excews as
compared with 1887-88 is 256,831 bales and the gain over 1886-87
reaches 798,855 bales.
M
05
!0
M lb
D »
-si
tc ^n «1 ^a CO CO 'JO
M
-J
r-
O!o~i»at^(»
alS
*aE^^-c»WMOiK]Cirf*.c;i!C*i*-^OfOCjio^
2Si''5~*"'"*MHXXffl<-W3C0(»!B
t..:o:D^^£ib«a^oco(acc;«wOM05
cnib
coco
•
M
lb en lb
03O
—
to-
to
•^H-ta
§i
-^
m;
tOCCCaCJCJ'.
»
J
reports
from the
South to-night by telegraph indicate that the weather has in
general been quite satisfactory during the week. At a few
points in Texas rain is still needed, and over limited districts
on the Atlantic there has been an excess of rain. On the
whole, however, the conditions have been very favorable for
—
COOl
a
I
cotton.
Mwoeo.
^-MAtcio
o; X •- to
SC0-)©«4
783,062
378,000
7,144,053 6,846,738 6,887,222 6,345,198
Weather Reports by Telegraph.— Our
ten
M-1
flMMCOM
1886-87.
from plantat'ns 5,788,125 5,501,804 5,497,451 5,184,136
Net overland to July 1
Southern consumpt'n to July
M
I
«0
05
ro
124
512
412
3.866
4.728
1,908
I
•-»
03
1890.
2.599
Keceipts at the ports to Aug. 1 5,793,133 5,508,021 5,497,596 5,206,178
Interior stocks on Aug. 1 in
excess of September 1
*5,008
*6,217
'145
•22,042
>\
O>CCl*-ClC05O3C0<X^C:Ml*ih'-01r-
o — Mosto;
11
From the Plantations. —The following table
the actual movement each week from the plantations.
Receipts
Total in sight August 1
CO |U
12'4
12»g
1138
ll's
ll's
Southern markets were as follows:
A.tlanta
ll's I-ittle Rock ....
Columbus, Oa.
im Montgomery
Tot. receipts
C^i
124
13
12
Q
Of
OB
OB
M>
5" Ci OC
ll's
ll'g
IHS
ll's
11>3
11<«
ll's
11%
llSg'
ll's
11^8
12»8
I214
12«g
1138
12>4
1298
12^8
liss
in.
Thur$.
11%
12-18
12 '4
lHa
...
Wedne*.
im
11^8
It's
ll's
laag
Ifg
Norfolk
Boston
Baltimore...
Philadelphia
Angnsta
OK—
CLOSINO QDOTATIOVS FOB SUDDLINO COTTOH
Wiek ending
The
Total visible supply
1,255,301 1,103,992 1,140,863 1,423,233
6ii,6d.
Price Mid. Upl., Liverpool
6»4d.
5»,«d.
5'sd.
Price Mid. Upl., New York....
I214C.
ll»i,c.
IOHibC.
10c.
E^" The imports
The above totals show that the old interior stocks hurt
decreased during the week 2,107 bales, and are to-night 2,000
boles /ess than at the same period last year. The receipts at
the same towns have been 715 bales less than the sam«
week last year, and since Sept. 1 the receipts at all the towns
Kre 4,565 bales more than for the same time in 1888-89.
200
U13,.500
272,200
Total Continental stocks
.^,000
H7
CHBONiCLK
niado up by cable
stockii, as well aa
thoso for (iroat Britain and the afloat are this week's returns,
and constMiuently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Aug. 1), we add the item of exports from
sports
the United States, including in it the exports of Friday only.
Thk V isiBLB SOPPLY OF COTTON
and tolcKraph.
.
.
.
.
•
M ill
to®
ao-^iocDtci
M
h-'
^ CC o:
o M
C-i
Palestine. 1 1889 flgures are for Petersburg, Va
il?.? "RV!*
Louisville in V^l''^
both years are " net."
Galveston, Texas. It has rained moderately on one day of
the week, the rainfall reaching twenty-eight hundredths of an
inch. The thermomet«r has averaged 79, the highest being
87 and the lowest 71. During the month of July the rainfall
reached one inch and eighty-four himdredths.
Palestine. Texas— Cation is doing well. Tlie weather has
been dry all the week. The thermometer has averaged 76,
ranging from 58 to 94. Rainfall for the month of July one
inch and seventy-six himdredths.
Huntsville, Texas.— We have had rain on two days of the
week, the precipitation reaching one inch. Cotton looks fine.
Tlie thermometer has ranged from 70 to 92, averaging 81.
July rainfall three inches and sixty-seven hundredths.
—
DallaK, Texas. Rain is needed. Average thermometer 83,
highest 98 and lowest 68. Rainfall for July one inch and
forty-nine hundredths.
-
THE CamtONICLR
148
has rained
San Antonio, Texas.-Cotton is doing well. It
precipitation
moderately on one day during the week the
twenty-seven hundredths of an inch. The thermomebeing 94 and the lowest .0.
ter has averaged 82, the highest
of an
During July the rainfall reached fifty-five hundredths
SSg
[Vol. LI.
dredths. There are some complaints of too much rain and
rust to a limited extent, but in general accounts are good.
The thermometer has averaged 78, ranging from 70 to 92.
July rainfall nine inches and sixteen hundredths.
have had rain on four
Charleston, South Carolina.—
days of the week, the rainfall reaching seven inches and sixty
We
The thermometer has averaged
79, ranging
the week, one hundredths.
""iuVino. Tex(U.—We have had dry weather all
rang- from 70 to 88.
and rain is needed. The thermometer has averaged 88, has
Carolina.— VUtin has fallen on five days
Stateburg, Sovth
of July
ing from 80 to 96. The rainfaU during the month
of the week, the rainfall reaching three inches and twentyThe thermometer has ranged from 73-3 to
of nine hundredths.
Columbia, Texas.—It has rained haavily on three days
83, averaging 78.
desired, and cotton looks good. Ihe
the week, just as
Wilson, North Carolina.— We have had rain on five days of
hundredths, llie
rainfall reached two inches and ninety-four
the week, and the rainfall has been two inches and fifty-one
has ranged from 72 to 88, averaging 80. During
thermometer
hundredths. Average thermometer 79, highest 90 and lowest
month of July the rainfall reached three mches and
the
73.
seventy -five htmdredths.
The following statement we have also received by telegraph,
borne
Cuero, Texas.— No rain has fallen during the week,
height of the rivers at the points named at 3
Average thermometer 86, highest 98 and lowest showing the
is needed.
o'clock July 31. 1890. and August 1. 1889.
During the month of July the rainfall reached four hun74.
July ai, 90. Aug. 1. 'SP.
dredths of an inch.
,
,
u
Feel.
Brenham, TeaMS.—Rain on two days of the week has been
reel.
4-5
reached thirty- !few Orleans
6-9
Above lo-w-vr liter mark.
of great benefit to cotton. The jirecipitation
10-9
18-9
Above low-water marli.
thermometer has averaged Memphis
six hundredths of an inch. The
->.o
15-5
Abore low-water iiiark.
lowest 74. July rainfall sixty- Nashville
1-4
83, the highest being 92 and the
13-2
Above low-water marS.
Slireveport
13-0
22-1
Above low-water mart.
seven hundredths of an inch.
Vick9bur»t
"We have had no rain all the week. MoisBelton, Texas.—
Note.— Keports are now made in feet and tenths,
ture is needed. The thermometer has ranged from 66 to 98,
India Cotton Movement from all Ports. The receipt*
82.
July rainfall seventeen hundredths of an and shipments of cotton at Bombay have been as follows for
averaging
inch.
the week and year, bringing the figures down to July 31.
Weatherford, Te-ras.— Cctton is doing well. The weather
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YKARS.
has been dry all the week. Average thermometer 8.5, highest
Shipments sinee Jan. 1.
Reeeipls.
During the month of July the rainfall reached
Shipments this week.
94, lowest 76.
eighty- four hundredths of an inch.
ContiGreat
This
Since
Tear Orcat OonliTotal.
Total. Britain] nent.
Week.
Shrei-eport, Louisiana.— Theie has been no rain during the
Jan. 1.
Brit'n.l nent.
week. The thermometer has averaged 81, the highest being
1S90 6,000 10.000 16,000 335,0001009000 1,344,000 4,0001,848,000
95 and the lowest 68.
1889 l,000i 5,000! 6,000 355,000820,000 1,175,000 6,000 1,672,000
Neic Orleans, Lauisiana.—lt has rained on three days of the 1888 3.000 7,000 10,000 -208,000 5H8,000| 806,000' 2,00011,265,000
week, the rainfall reaching ninety-five hundredths of an inch. 1887 1.0001 5,000 8,000 356,000 648,000, l.OOl.OOO; 3,000l 1,434,000
The thermometer has averaged 78.
According to the foregoing, Bombay appears to show
Columbus, Mississippi.— We have had rain on four days of a decrease compared with last year in the week's receipts of
one inch and seven hunthe week, the precipitation reaching
2,000 bales and an increase in shipments of 10,000 bales, and
dredths. The thermometer has averaged 80, ranging from 70
the shipments since January 1 show an increase of 169,000 bales.
rainfall during the month of July reached five
to 89. The
The movement at Calcutta, Madras, and other India ports for
fifty -seven hundredths.
inches and
the last reported week and since the 1st of January, for two
have had rain during the week,
Leland, Mississippi.
"Other ports" cover Ceylon,
years, has been as follows.
the precipitation reaching thirty-seven hundredths of an inch.
Tuticorin. Kurrachee and Coconada.
The thermometer has ranged from 6.5 to 93, averaging 797.
Vicksburg, Mississippi. It has been showery on two days
Shijtmen ts since January 1.
Shipments for th e week.
_of the week, the rainfall reaching seventy hundredths of an
Great
Great
Contiinch. The thermometer has ranged from 72 to 97 averaging
Continent,
Total.
Total.
.
—
|
1
I
—We
—
\
Britain.
—
Helena, Arkansas. The weather has been warm during
the week, with one shower, the rainfall reaching thirty-four
hundredths of an inch. Too much rain is reported in some
sections and in others not enough. Crops are doing well,
especially cotton. The thermometer has ranged from 64 to
July rainfall four inches and thirty-nine
92, averaging 78.
hundredths on six days.
Little Rock, Arkansas.
— The
week has been without
needing it but we hear of no great
Memphis, Tennessee.— The weather has been dry and hot all
the week. Prospects continue good but rain on uj)lands is deBirable. Cotton, however, is not suffering yet. Boll worms are
reported in North Mississippi, but no damage done.
The
thermometer has ranged from 66 to 93, averaging 80. During
the month of July the rainfall reached two inches and eightytwo hundredths on ten days. The thermometer averaged 81
and ranged from 64 to 98.
Selma, Alabama.—There has been no rain all the week. The
thermometer has averaged 75, ranging from 68 to 83.
Auburn, .4ta6amo.— Rainfall for the week, two inches and
twenty-four hundredths. The thermometer has ranged from
68 to 86-2, aveaaglng 769.
Montgomery, Alabama.—Tlie weather is now hot and dry
but we have had rain on five days during the week the
precipitation reaching one inch and nine hundredths.
The corn
crop IS made and the yield is very good. Cotton
is doing
splendid and is opening rapidly. Prospects are
fine for a big
cron. The thermometer has averaged
78, the highest being 91
and the lowest 69. During the month of July
the rainfall
reached three inches and forty-two hundredths.
Jtfo6i;e, ^tabama.-The crop
is developing very promisingly.
ram on SIX days of the week, the rainfall re^hh^^^l^- '^
7-^ h^h ,1^ ^"^ *^"^^ hundredths. Average thermometer
-..highest 87 and lowest 69. Rainfall
for July nine inches
and twenty-two hundredths.
Madison, Florida.-\Xe have had rain on five
days of the
week, the rainfall reaching five inches
and five hundredths
Average thermometer 78, highest 90 and
lowest 68.
Columbus, Oeorgia.-The thermometer has
averaged 82 the
""fceu o^, tne
highest being 89 and the lowest 75.
Sainnnah, Oeorgia.-lt has rained on five
days of the week
the ramfall reaching two inches
and ninety-flve hundredths'
iw^r^r"?.^*"
'••"'
•\v?'"".''"^^
\^' ^^Ki^K from 68 to
'"y' ""^^yrain on five
lue weeK, the SnTl
theTek 'the rainfaU V ^'T"
leachmg
S?'""
days of
four inches and four hun-
4,000
4,000
24,000
33,000
100,000
43,000
124,000
76,000
7,000
3,000
1,000
8,000
3,000
13,000
18,000
6,000
2,000
19,000
20,000
6,000
1,000
4,000
10,000
1,000
46,000
33,000
33,000
21,009
79,000
54,000
13,000
4,000
9,000
22,000
4,000
83,000
84,000
139.000
66,000
222,000
150,000
Madras—
1890
1889
Ml
othera-
1890
1889
past
and some sections are
suffering.
Tlie thermometer has averaged 79, the highest
being 92 and the lowest 66.
Nashville, Tennessee.— There has been light rain on one day]
of the %veek, the rainfall reaching four hundredths of an inch.
The thermometer has averaged 78. ranging from 61 to 94.
rain
Britain.
nint.
'
Oalcutta1890.*...
1889
T.Jtal
aU-
1890
1889
The above totals for the week show that the movement from
the ports other than Bombay is 18,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1890, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1890.
1889.
1888.
Shipmfnts
to all
Europe
This
week.
from—
Bombay
All other ports.
Since
Jan.
1.
This
week.
ThU
Jan.
1.
Siuee
week.
Si7%ce
Jan. 1
16,000 1,344,000
22,000 222,000
6,000 1,175,000
4,000 150,000
10.000
2,00O|
806,000
146,000
38,0001,566,000
10,0001,325,000
12,000!
952,000
Total
ALKX4NDRIA Rkgeipts AND SHIPMENTS.
—Through
arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
July 30.
1889-90.
3,163,000
Receipts (cantars*)
This week
Since Sept. 1.
1888-89.
1,000
2,706,000
This
Since
week. Sept. 1.
This
1887-88.
2.899,006
Since
1.
Sinct
This
week. Sept. 1,
'264.000
1,000 157,000
1,000 227,000
158,000
1,000 247,000
2,000 159,00*
1,000421,000
1,000385,000
3,000 406,0(»
wetik.
Sept.
Exports (bales)—
To Liverpool
Xo Continent
Total Europe
*
A cantar is 98 pounds.
East India Crop.— The following is from the Bombay
Company's Cotton Report, dated June 20:
We
have hart a week of wet and boisterous weather, and it appeal)
likely to contiaue for some time. RaiQ has iilso fnUcn in the Berate
and Kbaudeidh, and the sowiuj^ of the new crop is progrossiug In most
districts; but in Guzerat and Kattiwar there has uoi been sullioiettt
moisture yet to admit of sow iug.
.
ACOOST
1
.
.
.
THE CHRONJCrK
2, 1890.]
149
Egyptian Cotto.n Crop. —The report of the Alexandria
Manchester Market.—Our report received by cable to-night
from Manclicster states tlmt the market is firm for botli yarns Qeneral Produce Association for the month of June is «mDami shirtings. The iloniawl for both India ami China is koo<1. morized as follows
ill<triot« ooo'.laiis
We give the prices for to-day below, and leave those for Bepnrto raoMviid la J>ine from tim o^tton-irrowln*•ai'o
I r>-icar<11a< the
to bn of » faToraiiln ubitraiier. Siicinraoilon la ttxpr
f>revioua weeks of this and last year for comparison:
:
nod lis ilnvelopineiit. whli b woaUl lie ntUI mire adIt not lii«a for lliu relatively ci>ol temperature, wbloh coato prevail tu thle date.
The iiiiniiK*«i'0'>t "f tlii> Irrigation dnpartmont and t>ie maanor Id
which water Is d »trr<iiti<l in«et8 with euuer .1 approval, except ai reWaterliiit hai bocn eflectcd almoit everywhore
Rardii tlio i-'avoniii.
•tato or the plant
Tanued had
1889,
Uiii'irx
9U
82* Cop.
ll>:
Shirliitgs.
Twill.
with I'on-lderab'e ease asd regularity,
Jc
a.
unchanf;ed prices. In general the orders have been for stnall
parcels. Tlie quotations to-night are S'gC. for lij lbs., OigC.
for 1?4 lbs., O.'gC. for 3 lbs. and 7?^c. for standard grades.
The mai'ket for jute butts is quiet at current quotations,
which are lJ>o'c. for paper grades and 2]ic. for bagging (jualiA considerable qu&ntity of jute was destroyed by fire
ties.
in Brooklyn on Wednesday.
Domestic Exports of Cotton Manufactures.—Through
the courtesy of Mr. 8. G. Bnxik, Chief of the Bureau of
Statistics, we have received this week a statement showinic the
«xix>rts of domestic cotton raanufactm-es for June, and for
the twelve months ended June 30, 1890, with like figures for the
<;orrftiponiling periods of the previous year, and give them
below:
HuantUies of tlanufact-ure$ of Cot- Month mding June
S
June 30
12 moa. ending
U
circumstance greatly dimln'ehes the uneaslneas
TliLs
—
i.sai.s';?
Mexico
British Honduras
West Indies
"
Otheroountrles In S.America
2,07",7i'Si
271.0S9
4r!,Wl
691,643.
5;0,9T2
T,'l8»,Ul:2
1889.
S.aSl.SHl
2,r 90.497
9«7.9iJ
9,580.059
f 29.48
l,y8S,975
1I,04S
679.161
"
"
629.138
"
"
Asia and
81i.l:«i
3,li59.»!S0
"
Oceanlca
Africa
Other coantrles
778.247
7.748.9e4
8in.54i! 14.1.'i8.16n!
8,075.935
11.058.88H
3.7i:i„S,jl)
4,114.517
:)50.8O0l
625.0U7I 10,192.7771
8,912,913
115.212
2,441,15;,
3.l;i5.63l
17,27.l.28S 19,951,578
1.5M,187
538,000 19,389,358 24,lu6.l
B99.483
10,308.041
m
(
319.382
128,937
118.728
.127,288
Chatkeih
Dakahlieh... .153,235
41.969
Oalloubieh ..
.•291.191
Oarbich
80,012
Menoutteh...
39,495
215.433
74,953
770,423
738,501
Behera
153, -.iOl
1.019.78-
9.0i;0.3S4l
4.112 '.060
817.152
'•
Bo»,3:iB
1,823.2171
6,830,038
Total yards of aboTe.
|7tW.77S
»-0707
118.028.380
10.7l*».Be7
Total Talues of aboT«.
alue per yard
1825,240
$•0727
.
Total
18,453,191
|8,308.->38
122.989
1.122
$'0709
loa
13.5;'9
27.355
2^,312
4,827
8,99B
1.794
17.707
29.315
*
,
SIS
319
Africa
Total Talne of other mannfaotares of
.Ajuresate Talne of al 1 cotton coods
1»,178
73.908
102.861
27.121
109,429
i88.oei
8.068
aF,558
e.496
9.l>72
37.41
Other countries
»42",053
21,550
310,50if
2.901
. .
|33S,888
28.030
7,797
64,228
5 392
Ufiii
tlS4.955
1898,788
93<
2.77'
1187.263
};92.603
r6,812
327.809
218,298
179.102
58.510
»«,!3I
50.434
107.1.-18
3d4,4I8
9.5(3
21.814
tl.749.870
t9,999.2<7 (10.212,841
tl.832,4.39
214
279
1,961
1,614
7,916
10,887
8S.058
94.428
852,829
Ou'zeh
75
Keua
Mmla
total. .85.5,479
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
iveek,
since September
and
NIW 70RK.
ThU
Sines
aspt.l.
218
((.Orleans.
1,
Savannah
Phiiadelph'a
thu
This
Since
week. Sept. 1.
vttk.
BALTIMOIU.
Tikis
Sines
week.
Since
Sept. 1
Ssyt. 1.
ssa.fliS
S99.8U
Texas
1889.
BOSTON.
WMk.
from—
2,143
131
...
....
lO.OCS
IW
17,0«»
32.«eo
3,554
9M
81,7U
266.182
72,788
13.177
M,9S5
30-1.112
31
17,758
88.109
Mobile
riorlda
Jo. Carol'a.
So.CaroI'a.
rirglnla...
•forth n pts
r*nn., &c..
rorelgn....
)2.81B
1,191
Last year
6 -28
1,398
85,788
lOO
109
11».779
9.138
239
70
3S
81.369
285
2,000
£9,785
1,490 1.293.843
.
309
136.805
69
108.373
3,176
222.934
1,661 1.510,398
This year
St. Louis First Bale.— The first bale of new cotton of the
•crop of 1890-91, consigned by Scarbrough
Hicks, Rockdale,
Texas, ta Robert Atkinson
Co. of St. Louis, was received at
the latter city on July 28, and sold in front of the Cotton Exchange at 1 1 A. M. to J. B. Drury at 16c. per lb. It classed
,good middling, fair upland staple.
&
Esna
Guerga
Total
t-0711
2!>.3\V
11.2')4
Indies
Cnited States of Colombia
In So. America.
Asia and Oceanlca
Other countries
135,481
l.llO
Fayoum
Agsiout
Benl-Souef
18,482,774
Cotton exported to—
<iermany
France
other countries In Europe
British North America
Mexico
Central American States & British
Hondaras
tfpper Egypt.
Orand
^oliMS of otker ^fanufactura of
tireat Britain ana Ireland
1889.
1890.
Feddant. Fidaan$.
60,123
66,126
1.212
1,06J
13,7."j9
14,183
22
22
1889.
1890.
Fiddans Ftddam.
Ltnmr £gypt.
7,4P1,780
I,le9.fl5l
2ne.98:l
**
on tae score
.,..„.
;
*'
"
Brazil
(jnited StHtes of Colombia...
8,f6:l.SM!
32H.U0
**
**
ArseDtine Uepubltc
71S.841
3l.7.'iS
yards
"
Central American States and
1890.
1889.
isgo.
exporttui (f>—
felt
of anlnsiilllcioucy of water at the end of July, and especially during
the boxluumK of August.
The following arc the levels of the Nile at Calr.-) and Assouan on the
3uthof Junepf each year since 1887: Calrc, H87, 8 pies 10 klrats;
1888, 8 pics lOkirats; 188i>. Spicsl kirat, and 1890. s pics 11 kirats.
Assouan: 1887, 4 pics 2 klrats; ISSS, 2 pica 16 kirals; 1889, I picl7
klratH, and 1890, iJ pics 12 klrats.
Juno almost
As ustomitry, worms made their apsearance
thioushout Lower Exypt. Hanpily they have so far occosioned no
plants, but all depends on tlie temperature In
appreciable Iniurv to the
July as to what iama«e may result from their presence. The insect
continues to be unknown in the Fayoum and in L'pper Egypt.
The assoeia'.ion, haviuK itselt no adequate means of -verifying the
extent of laud planted with cotton or the proportions of the different
qualities sown, we publish the figures for each province neparately,
whleli the (iovommcut of his Ulghness has had the Koodness to communicate to lis.
ton (colnred find uncolored)
^eat
attributed to the
Is
IH Uiip»r Knypi, the lands gUiiatod aloni; the
hlghi-r part of the canal which guppUei the Fayonm boiiin the flrrt to
draw tliB Ka:or, and. owln,< ti the above fact, ubiorbinit this year a
uiuoli ijieatoiHluro than rormerly. Vortimatcly tttn Fayouiu d strict
cootrUmtf 8 the siua.h>-t proporilon of the crop, and postlbly for this
reason it ha4 liwn wicntlccd to a certain extent to Imt^re a sutUiient
qtiantitv of wali^i for Lower Kjtypt.
Still, the lliMt sUiisof the rise of tbe Nil ^ waters have appeared at
Wiidy Haifa at a c<mii)arativ.-ly early date, and as, sliice, adaily rise
of a few oentlmetrcK lias been adTi^e<l fr.im that station, and th.) Cairo
believed that the
milometer has liltewlse markud a xinall Inorea-e, It
rise wll ivach tlii- level uetessaiy to assure the watering of the lands
.
at an early period.
.
,
iDcnaseof niMvatlou
Jute Butts, Baooino, &c.— A pretty satisfactory business
is reported tluring the week under review at
In
This iiniatl»factory state
iirccBdlii)? years.
than in
in bagging
China
Other countries
pumpi and
the h.ap of
Fayonm. It U atated that the plantatlnnii hive partly
fuBVr.d from want of water, which hai benn foil ihisri much more
Jiily3si7i,«8il,8 6
••
B
11 !ii„»8\
" IS S>9 »8i'i»ltl
" 25 t*"^ •S's 6
Aug.li^'^ •8^9 18
•Vreat Britain And Ireland
Other countries In Earopo
British North America
wUh
olhi T appliauoee.
KcNpioiliii? the
>.
27 Siig»8llii(l6
A.
1,0-2
504.481
571
107.413
845
282.091
&
Shippino News.— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
13,6'59 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
include the manifests of all vessels cleared up to Thursday.
New Orleans First Bale.—A bale of new cotton from
Texas was received at New Orleans on Tuesday, July 39. It
Touutulu.
classed strict middling and sold for 1S}4 cents per pound. HbwYork—To Liverpool, per steamers Aurania, 436
Britof Rome. 564
annic. 978. ...City of Berlin, l,D.'i3....City
Last year the first arrival at New Orleans from Texas was
....Nasmyth, 753. ...Runic, 1,297. ...St. Ronaus, 1.435
on July 23.
7,916
....Wyoming,
—
Memphis District Cotton Report.—We have received by
telegraph to-day Messrs. Porter & Macrae's cotton report for
the Memphis district for the month of July. It is based on
«ix hundred and eighty-eight replies, and is as follows
;
The -weather has been favorable according to six hundred and seventytwo, and sixteen say unfavorable. Six hundred and eighty-four state
that the plant is well- fruited, and four not. Forty-six say that there
lias been slight shedding, and six hun Ired and forty-two report an absence of shedding or blight. Slight damage from drought, worms and
other causes (principally dry weather) is noted by sUty, bnt six hundred and twenty -eight say no damage. Compared with las', year, the
present condition is better in six hunared and tlfty-flve instances, the
same In eighteen, and not so good In fifteen. Five hundred andseventymix correspondents say that rain is not needed, and one hundred and
twelve state that It is. It is eitimated that by the 7th of rieptcmber
picking will be well under way.
Fif ty-flvc replies have also been received from thirty towns In Texas,
»nd according to forty-four of them the weather ha-i been favorable,
lour fair and seven unfavorable. Fifty correspondents say that o nton
t« well fruited, four fairly well, and one not well. Forty report the
oonilitiim i>etter than last year, nine the same, and six not so good.
Blight damage by drought and worou Is noted by eight. Picking has
oommenee I and will be general by Auguit 13. Twenty-alx Itate Ibat
caln Is neeUeU.
f 00
To Havre, per steamer La Normandle, 16
To Naples, per steamer Columbia. 220
Nbw Orleans—To Liverpool, per steameis Texan,
16
220
2,056....
Yucatan, 2.718
*'ZTS
728
o
To Bremen, per )>teamer European, 728
Boston— To
Liverpool, per steamer Michigan, 5
13,659
Total
rhe particulars of these shipments, arranged in our usual
torm, are as follows:
Liverpool.
Kew York
New Orleans
.
7,W16
Harre.
Brtmtn.
SapU:
8,152
5,S02
5
220
13,659
728
Boston
Totol
12,695
16
'^o'^'^t
220
16
4,7'
728
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
New Orlkaks—To Liverpool-Jniy 28— Steamer
Explorer, 1.464.
PMUADKLruiA—To Liverpool—July 19—Steamer Pennsylvania, 8.
Octton freights the past vneek hare been as follows:
c
.
j^Tcrpool, atoam d.
I»te(Jellv*y.<t.
—
Bavre, ateam
Do
tall
e.
Braneiii strain.,
Do
e.
Indirect. e.
«team.e. i»»j»'»ig'"s»»'i« ^'ss*'",
Hambnrg,
Do via lii(Ureet.e.
45
AmaVd'm.Bteam.e.
Do
Indirect.. d.
13,43732 IS«4®'32
tL}*ti'^''ii
B«Tal, steam
d.
Do laU
Baroelona.steam d.
Q«noa, steam
....
»«4
"m
»m
»8J
')3
H
Antwerp, steam d.
•Per 100 lbs.
«s»
"m
.. .d.
....
».<t3
Xtleate, Bteam...d.
>9
»e
X33
sales, stocks,
July
11.
bales
week
Ot which exporters took.
Of which speoolators took
Bales Amerloan
Aetnal export
FMwardea
Xtotal stoc!;— Estimated
Ot which American— Estlm'd
Total Import ot the week.
Of whleh Amerloan
afloat
Of which American
at that port.
Avg.
July 25.
July 18.
47,000
1,000
2,000
38,000
2,000
60,000
833,000
501,000
18,000
7,000
57,000
12,000
Sales of tbe
Ac.
1.000
2,000
41,000
2,000
62,000
802,000
465,000
33,000
13,000
55.000
10.000
COO
•J,
1.
43,000
1,000
2.000
30,000
2.000
58,000
745,000
394,000
34.000
9,000
59,000
15,000
64,000
2.000
18,000
50,000
55,000
55,000
769,000
430,000
24,000
7,000
60,000
lo.COO
The tone of the Liverpool market for spots and futures each
day of the week ending Aug. 1, and the daily closing prices
of spot cotton, have been as toUows;
StUwrday Uonttay. Tufday.
Bpot.
11
rm.
611,8
6U,g
10,000
1,000
5,000
7,000
6,000
8,000
SCO
Bales
500
500
500
Bpec&exp.
luturtt.
Market,
1:45 P. M.
Irreg. at
Steady
Steady at
14Mad.
14)4 ad.
8t«a4r.
1
In buyers*
favur.
6lli«
6II16
e»8
llld.Uprds.
Friday.
Steady.
Moderate Very Arm. Moderate
demand.
demand.
Dull but
Market, ?
1:45 P. M.)
Thtirtd'y.
If(dne*.
TEDCe.
Tance.
steady.
Steady.
6II1
5,000
The speculation in wheat for future delivery attained great
oroDortions early in the week and prices made a smart advance It was rpported that the prospects for the springsown crop in the Northwest had been greatly impaired by a
prolonged drought, culminating in a period of scorching heat.
But the prospects of the crop in Europe were said to have improved and there was free selling for foreign account, which
values, and a return
soon gave a check to the upward turn in
natural selling to realize
of fairly good weather, with the
course to prices,
after a smart advance, gave a downward
which had not been fully checked at the close of to day's
business was rebusiness. On Tuesday a pretty fair ppot
ported including choice spring at |1 05^@|1 06, and choice
red winter at $1 01}^, but to-day the latter sold at 97^<a93c.
for local milling, there being little or no export demand.
DAIX.T OlOBINO PBICBS OF KO. 2 K»D WUITBB WBBAT.
Fn.
Tue: Wed. Thnrt.
Hon.
8ai.
96I4
95 14
9818
9514
99
c. 981s
Anji^ust delivery
98I3
97 'e
9614
9514
95 >«
c. 97«g
delivery
September
98I4
96
95%
96%
97 '8
98^
c.
October delivery
98''8
97 14
96%
96>ii
99»a
c.
November delivery
9738
9818
97=8
10018
99»8
o- 99>4
December delivery
98I4
9878
98 »8
lOO'a 10038
00
o. 100
January delivery
102% 103% 10338 10158 101>4 101 18
o- 10238
May deUvery
Indian corn was the object of a speculation early in the
week which it is no exaggeration to describe as furious. It
was predicated upon the prolonged drought which has been
felt over a large portion of the corn- growing region, and particularly in the far West— Kansas, Nebraska and the neighboring States and territories. The 8f>eculation was a tended by
an advance in prices, which was aided by a demand from the
" shortb" to cover contracts.
But the rise in prices was
checked by a marked falling ofif in the export demand and
extreme dulness in the local trade, which induced free selling to realize, and to-day the close was weaker under rumors
that some rain had fallen where it was much needed.*
DAILT OLOSniO PHIOBS OF 80. 2 MIXED OOSD.
Wed.
Thurt.
Tuet.
Hon,
Sat.
52i6
52i8
52
48is
6138
51%
c.
Anguet delivery
5Ci«
Sl'a
5278
52%
52>a
September delivery. ...c. 49
53
5313
52'4
5238
53%
c. 49'fl
deUvery
October
some extent with corn, but showOats have sympathized to
ing an unsettled, feverish tone, and to-day becoming quite
dull. Rye is dull bat firm. Samples of new crop barley begin
to be shown.
DAIX.T OLOSINO PBIOB8 OF IfO. 2 MIXBD OATS
ai
AuKust delivery
September delivery
Quiet and
.
steady.
October delivery
4r.
M.
Qalet and Quiet and
steady.
Steady
Man.. jDly 38.
Toes.. July
;
SSH
38
37is
3758
38i4
38%
TKurt.
38>4
38i4
3838
Fri.
38i4
38%
J839
closing quotatiotxs for wheat flour in
(Corresponding grades in sacks sell slightly below
FLOtJB.
highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on th e
basis of Uplands, Low Middling clause, unless otherwise stated
Jnly2«.
Tuet.
38%
38i«
S658
36=8
these figures):
The opening,
Sal.,
37%
The following are
barrels.
Market,
o.
c.
c.
Wed,
Ifon.
39
*o(.
500
partially
1.64 dec.
[Vol. LI.
—
UvKRPOOL.—By cable from Liverpool we have the foUowing
tatement of the week's
AkMnnt
.
THE chroniclr:
16C
Do
—
1
'.J9.
»
Pine
SuperHne
bbl.
Extra, No. 2
Extra, No. 1
Clears
Siralgbts
Patent, spring
$4 90a$5 40
«2 103$2 50 Patent, winter
2 35» 3 00 City shipping, extras. 4 t;oa 4 70
Hour, superfine.. 3 15 » 3 40
2 909 3 50 Kye
Fine
2 90* 3 10
3 50® 4 30
4 10® 4 50 Com meal
2 508 2 60
Western, Ac
4 35» 4 85
Brandywlne
2 903 3 00
5 009 5 50
ORAIM.
\Open\HiMLow.
d.
01(».||0l»«|Ht«h Low.\ Clo».\Optn Hiqh\Lovi. Cloa.
d.
a.
d.
d.
638 688 638 638
July
638
JOly-Aug... 8
638
633
633
563 563
554 654
638
633
eeptember.. 8 38 633
B«pt.-Oot... 6 63 563
Oet.-NoT....' tB4 654
August
«
K0T.-I>ec...l5 52
I>e«..Jan.... 6 51
6 39
d.
d.
5
5
5
5
Jac-reb.... 651 652
reb.-March. 652 553
I
52
51
51
52
5 52
5 62
5 52
653
663 554
6 64
Wed., JalF 30.
6 40
6 39
d.
6 39 6 40
6 39 6 39
6 39 6 39
I
!
639 S30
633 033 633
6 33 633 633
563 563 563
5 54 664 654
6 32
6 32
6 62
6 52
Mdi.-Aprtl.. 6 63
d.
d.
d.
d.
j
I
I
633
633
663
654
52 663
6 62
:
6 53
5
6 52
5 62
j
j
6 52
6 62
6 52
5 62
5 62
6 62
653 653 663 66S
564 654 654 654
641 6 42 6 40
6 4U 6 41 640
640 6 41 6 40
634 634 634
634 634 634
600 600 600
665 655 555
553 564 5 53
653 553 563
663 5 63 553
554 554 554
666 655 555
Thar*., July 31.
Fri.,
Ans.
6 41
6 40
6 40
634
634
600
5 55
654
6 53
5 53
5 54
5 65
Wheat—
d.
d.
Clot.
d.
I
d.
640 6 40 6 39 6 40
July
July-An8...|6Sg 640 '689 639
Ancust
1639 6 40 6 39 639
Aus..8ei>t... 6 38 6 34 633 634
September..! 6 83 6 34 683 634
8ept..Oct..
563600 ,663 600
Oct-NOT... 6661 555 !566 566
KoT.-De«.. 653 658 |653 663
I>ec.Jan... 652 653 6 62 668
I
I
OpenI Wgk Low. Clot.
d.
d.
d.
Open
d.
639 839 639
63? 638 6 37
6 37 688 687
6 32 633 632
682 634 632
600 600 668
665 666 6 66
563 6 53 663
d.
639
638
637
633
634
600
656
5 52
5 52
5 68
Low.
Hiflh
now.
S«ee<pt< at-
5 62
6 87
6 37
d.
6 37
I
633 633] 633
683 6 S3 6 83
600 6 00 6 00
6 55
6 65
6 53
6 37
8 33
633
600
5 65
6 55
5 53
5 52 5 52
5 62 5 52
663 6 63 6 53
6 52
6 62
51
51
52
51
•»
White
No. 2 mixed
We
Detroit..
.
BW-
Batltv-
242,874
1,93.5.525
1,074,807
75.421
6.360
68.931
189,150
30,422
147,280
22,030
Bu. 56UI1
7.793
81,230
37,699
13.340
214.800
443.274
127.2&2
46.900
1,030
2.952
.
..
8.698
St. Louis.....
26.881
2,9S0
Peoria
Tot.wk.
OaU.
Biuh.60 \bt Btu)i.5eik Bu<ll.S2 Ib< Buik.48(h
60.279
33.915
OhleaKO
MUwaukee...
Dolnth.
UtnneapolU.
Toledo
OlsTBland.
Com.
W)uat.
1.
Clos.
» 53
51%a 52H
9 .53
Weat'n mixed
West'n mixed No.2.
Western yeUow
Western white
Oate-Mlxed.-V bu.
96
97
99
88
39 « 41
40i4» 48
40 « 41
60
western, per bush..
42199 43>a
No. 2 white
61
State and Jersey ..
The movement of breadstuffs to market is indicated in the
itatement below, prepared by us from the figures of the New
first give the receipts at Westyork Produce Exchange.
em lake and river ports, arranged so as to present the comparative movement for the week ending July 26, 1890, and
since August I, 1889. for each of the last three years:
White
Bye-
B)>'1.I9«!^^
Opm\Hifk\Loui.]
«102
»
95>a»
85 •
88 •
57 9
57 O
Bed winter No. 2..
Bed winter
Com, per bush.—
o.
0.
88
93
Spring, per bush...
Spring No. 2
'90.
196.8(0
a62,«96
28,500
2,543
44.310
40,635
2(6,025
7.498
19.3501
I
540,775
152,400
11,827
3.800
2,601
330,000
1,800
652
6 53
'
6 52
6 61
V*b.-MBrch..5 5S 564 1;
|663| 564
I
Mcb..Apr1l.. 6 66
666 556 565
I
6 52
6 52
5 52
5 62
6 63
563
6 62
I
I
2,780
I
6 62
5 52
553
653
664 666 664 |656 1564 655 654
11
553
48,175
653
555
2,040.367,
2,889,230
1,927,760
194,72-i
2,041.544
1.999,493
1,305.44(1
44,023
40.903
254.225
2.S69,6::9
1,156,920
1,294,916
15,114
.')e,211
1888-90....
11.419,063 119.270 031 182.062.517
9.695.920] 92,H39.S28 122,285,586
96.818,208
26,078,125
8.321547
82.345.775
24,960,309
4,827.809
12.4"9,222!lll, 148,137
78,835,993
22.681,079
2,118,169
game »k.>89.
Same wk.'88.
Mnu
AuQ.
1.
I
BREADSTUFFS.
Below are the
rail
89.859,209
shipments from Western lake and
river
ports for four years:
Fridat, p. M.. August 1, 1890.
The market for flour and meal has been comparatively
quiet.
Holders generally put up prices early in the week
and this fact, together with the free purchases that had been
made in anticipation of the rise, together with the subsequent
decline in wheat, brought business nearly to
a
standthe local trade was
Shippers hsd but few orders and
not in urgent need of supplies. The market was
to-dav
•omewhat unssttled and very dull.
BtiU.
205.B86i
1B87.S8.
Jaii..reb....!
5
^
1890.
188i».
1888.
18(57.
Week
Flour
Wheat
C!ora
Oats
Barley
Bye
Total
.
bbla.
bush,
Week
Week
July 26.
236,059
Julit 27.
July 28.
246,661
292,979
631,602
1,220.923
17,9^3
18,646
720,667
300,884
691,909
15,430
27,954
440,997
240,P94
931.9C3
10,540
348,035
162,810
1,217,097
9,969
7,134
2,182,133
1,756,844
1,634,072
1,745,045
244,553
9,6.-i8
Week
July 30.
249.652
^
,
Adoust
THE CHRONICLE.
3, 1890.J
l.)l
DOMBSTIO CknroN Goodb.— The exports of cotton gonds
The receipts of flour and grain at the seaboard ports for the
from this port for the week ending July 29 were 1,726
week ended July 36, 1890, follow:
hueh.
New York
no* ton
Montnxil
:m.40-.!
028..'i00
l.O'^O
rhlluilolphia..
Kaltmuiri' .. ..
U>.H'.t2
(i7..S27
6m(A.
994, ISO
bblt.
71,(i70
i'l.m
Klcbnioml
32.606
60,585
626,999
10,297
3.775
3,698
....
NewOrloana..
Oat*.
Barley,
diiiA.
Corn,
Wheat,
Flnur,
At—
frufA.
150.300
74,760
21,410
101,300
139,537
112,122
288,910
10,40O
3,500
It
ye,
t»uh,
1,300
packages, valued at f88,446, their destination being to tb«
pointfi speoiiied in the table below:
750
1,101
1890.
8,032
11,400
8,000
IHnee Jan.
277
66
936
3.640
1.119
25,090
3,818
week. 214.301
l.C"8O,0fi7
1,848
25
Anbla
210
Atrioa
2
Weetlndlea
9
5,912
4,179
8,212
1,129
2,631
16,386
1,887
OMftt Britain
306.651
1,646.882
5,351
12,183
2,500
500
week '89. 246,759 810.357 1,323,084 524,271
The exports from the several seaboard ports for the week
endintc July 26, 1890, are shown in the annexed statement:
t»r.
Mzporu
Wheat.
Bueli.
Vhlf.
429,456
31,740
21,951
415.0.54
87,543
Boston...
Portland
Montreal.
PkUatlel
OaU.
FUmr.
Ktifh.
New York
Oom.
By.
Peat.
BuiH.
1.569
BUMk.
Bun'.
2,458
20'.478
15r.,000
1.18,853
173,907
8,786
49,674
1,580
--"'•
710,389 1,233,454
134,209
1,569
291,217 1,396,295
Baltiin'rti
240,097
10,000
178,103
168,438
2,998
N. Orrna.
28,947
•i
23,947
66,589
104,595
grain, cotnprising the stocks in granary
at the principal points of accuinulHtion at lake and seaboard
ports, and in transit by water, July 26, 1890:
Oatt,
Barley
Wheat,
Oom,
Bye.
The visible supply of
In etore at—
6m«A.
1,178.339
Mew York
Albany
buMh.
Batralo
Daluth
Toledo
Detroit
Osweito
afloat
Clnolnnatl. ......
101,343
•J48.683
2.59,481
.5,929
7.179
58,457
49,332
7. ."-93
2.572
26.00O
21,759
"9,813
749
l,361,7n8
41,925
11,602
48.000
1,000
197,602
148.716
5,000
123
61,470
1,475,608
63,000
2,000
1.340
567
1?4.2»0
90,6Sil
43.077
77,673
Philadelphia
Peoria.
•Indianapolis....
Baltimore
MinneaiHiUs
Bt. Paul
196,KflO
2,965
16,300
118.345
l,:i32
68,000
6^.^,390
On Mt»«lK8ippl...
On Jjikcs
On canal & river.
5,988,046
80,000
20,000
178,244
858,685 1,882,967
712.000 1,726,100
18.557.191 13.128,101 3.15S."99
12,134,879 7,153.0«0 4.252,763
2><,'88. 22.190.867 8,374.0 '.O 2,«89,830
30,87.. 33,132,228 7,542.466 2,0^4,080
lil.'flO..
.
st.nck. this
6.000
3,669
13,310
34,174
'i5",5"29
"eyg?
337
46i930
202,742
185,800
27.'89..
3.174
135,000
24,126
85.484
59,335
4.500
41,435
8,963
26.-90.. 18,392.318 12.020.700 2,628,671
IndlananolU— List week's
25.506
16,700
506.384
513,487
812,904
1 ^6,448
268,453
388,886
406.608
371.345
144,196
128,214
The
P. M.,
August
with
1890.
up so freely
May and June that their
that distributers stocked
and winter fabrics in
stocks on hand are ample for the pursuance of current trade.
It is, however, certain that stocks in the hands of local and
near-by jobbers are nearing the replenishing point, because an
unusually good trade has been done by them the past two
months. There was a good steady movement in heavy clothing woolf-ns, fall ginghams and dress fabrics, &c.,on account
of back orders, and an improved busiress in light-weight
woolens for men's wear was reported by some of the commission houses. The jobbing trade continued to improve, and
more than an average businfss (for this early stage of the
season) was done by the leading houses.
Domestic Woolkn Goods.— There was an improved de
mand for men's-wear woolens, in which both heavy and light
fall
desTiptions participated.
Spring cassimeres, worsted suitinKs. overcoatings, indigo-blue flannels and blacK and colored
serges were in fair request by buyers on the spot, and goodsized orders for leading
makes were received by the mill
agents through traveling Kalesmen. Heavy clothing woolens
continued to move steadily on account of former transactions, and there wa-s an unusuallv good supplementary de-
mand
for
line.
116
232
62
22,1.'^3
85,628
32,464
71.973
30,948
102,921
1,716
4,613
6,113
1,50 J
1
17,992
From New England ailll points direct.
The value of the New York exports since January 1 hare
been $4,05,').168 in 1890, against $.5,064,419 in 1889.
Staple cotton goods were only in moderate demand at first
han<l8, but there was a fair movement in some descrptionson
account of back orders. Brown sheetings were in light demand by jobbers, but prices ruled stealy save in the case of
low grades, which were a trifle easier. Bleiched goods were
in moderate request, and leading makes are firmly held by
agents. CJolored cottons were in better demand by jobbers
and the manufacturing trade, and prices ruled firm all along
the line. Dark ginghams continued active, and a fair, though
irregular, business was done in dark prints. Print cloths
were in moderate demand, and a proposed curtailment of
production has imparted steadiness to prices, which closed at
8 6-16c. for 64x64b and i^c. for 56x60s.
1890.
450,000
232,000
None.
15,000
138,000
.fnly 26.
Total stock (pieces)
1888.
July 28.
6,000
1,000
None.
9,000
1889.
July 27.
129,000
7,000
None.
None.
697,000
Stoeic of Print Clothe—
Held by Providence manurerg
Fall River manufacturers
Providence speculators
Outside speculators (est)
16,000
Foreign Dry Goods.— The demand for imported goods at
first hands was by ro means active, the impending tariff
legislation having rendered holders and intending buyers very
cautious in their operations. The jobbing trade was more
active at times, some of the large bouses having determined
to dispose of their recent importations on a slight margin of
profit, without regard to the outcome of the proposed McKinley tariff bill now under discussion in Congress. Prices
are without quotable change, but for the most part very firm,
Importatlona of Dry Uooda.
The importations of dry goods at this port for the week
ending July 31, 1890, and since Jan. 1, and the same facts
corresponding periods of ^n^, ycvr
for the
o.
e;
o;
V.
v^
ao tnWn-^^
•
'A
cw
o»
I
c;*
'HOS
»M
>-p
;
^W CO toco
o
C
ODC
to -4
i
;;
^
pco
tc
I
©-,
'-0
^1
c *• ^ X
m
w
rfi.
a
tCp-l*.
MM
COCOi^-t-®-
tcco
»tooi*-^»o
CiO*^ifr.;0
CO
roc;ic;icocs
tOkO-ltOM
(cXit-cocs
^ - 00 03 CO
ccxcflooTi)
CO
to
OS
tOi-"-lWW
C;«Oi<I«M
Ml-
to COM
aco
GlO
^4
^ C CO -^
"-•
CflCO
OM
coos
COMtOOtO
CllMOlloM
MQDO^JQO
ooS
Oi3:co<|i-
03M
»-I ffi
c>
CCIO
M
-sj
CC
^*
^ 'O
oco
too
t-t
0: CD 00 cox
VCO-JMOI
tOM->JC0
loc^cotOO
z
iXODtO**C
QDQOQOasO^
CO CO tow to
00 CO Ci 1^0
woa
h-CO
00 1^
cs CO 00 3dm
00 CO C^ 31 00
t
M*KeoM
00*0
00 OS 03 CO -q
OOP
u to
tK
»M •AOi
M -Ht
a »v
COif^OOCOC
^i^- to CO 2
w'0>-i:;»*k
tOi^CffCOOi
ccoo
eu
to
w -^ CD UD 50
i ^
"iooa
Oh*
^1
to''
CO "0 to 06^
KM 10
MM W
OiUOODtO
CJ0-.]3tOSX
lOi^COCO-^
i»-tON)COO«
]-^
o*
to 3S H* .^ yi
J*
yio^r cr poiB C
oaDMb>*.o
c
OMH-MtO
C" JO O O io
I
coital—
some
descriptions. The oloakmakers' strike has
terminated forthe present, but there wasonly a slight improvement in the demand for cloakiogs. and stockinets and Jersey
cloths were in moderate retiuest, as were oatinets and doeskin
jeans. Soft wool and worsted dress goods continued
to move
steadily on account of back orders, and prices remain
Arm all
along the
1,871
9,044
2,318
3.441
PI;,;
1,
undergone any
material change since last reported upon. There was a continuous influx of package buyers during the week under review, but the volume of business transacted by commission
merchants and importers barely realized expectations. The
is
8,a<)9
B
situation in the dry good4 trade has not
fact of the matter
6,260
1,190
31,132
2,795
"m
197
1,726
week's not received.
YOBK, Friday
101
6
1,726
Total
'China, via Vancouver
THE DRY GOODS TRADE.
NEW
164
62
84,316
217,7.i9
50,000
Boston
Toronto
Montreal
36,000
19,620
3..')29
1.59,643
SL LouU
1,971
24,300
75,100
57,810
4,256,149
8,506
csolgjjo
4,032,166
191.486
1,280,7S2
<l 04.101
Mllwauke4^,
buab,
25,675
224,500
20.500
406,965
,
<'*iloaKo
bvth.
l,060,44il 1,177,113
110,100
afloat...
Tot. July
Tot..Iulv
Tot. .Inly
Tot. July
Tnt. .July
.,
Oentral America. ...... ..•••.
BODth America...............
*
.
Tot.week.
H'uie time
1889...
Do
.
India
64,131
N.NewB..
Rlohm'd
Do
..--.-
.,,
Toral
!)?.8?0
Week. Since Jan. 1.
1.
2,851
500
463
1889.
29.
Wuk.
OMni^
Total
YoaK TO JULY
Br»w
70,2')1
tug)
cs tS O* CO Oi
<A *>»
ex
oo
-^1
^j
O w CO
CWCOOOMtO
Mh-#t.»O00
t3^*-*CCCt
cocoox»o
(Ocx)oc;<co
MN^M
biCO-ft'lM
C0n-10;1O
coooool^ba
OOP
CitOOOIV*
COC0^;Oi».
THE CHRONICLK
162
H^astjcr's
Texas A
l>ortii
ftr.
L. B. Pish,
W.
CiomplalaanU,
i'-
Railway Company
Texas,
in
Wacu,
in ttiM
above
i^tyled
.
i
''
SarreTI No.
», as.
31. 33, !», In b
Surreys No.
Surreys No.
Surrey*
Survey No.
1, 3,
No.
'
18, 16. 17, 19, 21, 28, 36,
:-6,
6. 7, 9, 11, IS, 16, 17,
M, 81,
19, 21,
28,35, 27, 29, 31, in block 2M.
Survey No. 81,3H, 3\9, 1, 8, 6, 7, 11, 18, 16, 17, 21,
23, 25, 27, 3^, 19, block 237.
Survey No. 1,8, 6, 11, 7,9,18,15,17,19,31, 23, 25,
27, 2m. 31, 33,35, 1, in block 288.
Surveys No. 1, 26, 19, 17, 15, IS, 91, 33, 38, 81, 29, 27,
8,5, 7,9, ll.in block 839
Survey No. 11, 13, 15, 17, 19, 23, ST, 81, 36, 89, 1, 3, 5,
In block 240.
block
17, 36, In
Surrey No. 39, In block 349.
29.
11, 17, 19.i«i, 1,3, 6.
Survejs No.
1
2;t,
In b ook 128.
aj, 27, 29, 31,
Solicitors for Complainants.
JEFF DAVIS COUNTY.
29, 31, S3, 38. 37. 9, 81. 23,
81, 27, 46, 43. 49. 69. 61, 53, £5, 61, 77, In block 224.
I. 3. 5, T,
25
BUCHBIi COUNTY.
Burraya No.
». 7. 2«, il, 11". 29, 36, 33, 5, 3, 1, 11, 17,
IIL 18, 97, 86, 81, In block 134.
BorreT No. 6, la b oc* 122.
Sorreyi Mo. 1, 3. 6, T, 9. 11. 13, 16, ]7, 19, In block
Surrey No. 1,3, 6,7,9, 11, 18, 29, 15, 31, 33, 35, 17,
19, 21, 23, 25, 27, In Idock 242.
Surrey No. 1, 3, 5, 9, 7, 11, 18, 15, 17, 19, In block
US.
348.
SurreTi No.
1,
33, 3, 5. 7, 9, 11, 13, 15. 17, 19. S3, 21,
M. K, ST, 29, 81. in block
Surveys »o.
23,
2.1,
27,
Surveys
27.
12(1
3. 5. 7, 29. 31, 9,
i,
:». in block 127.
.No. 1. 3, 6, 7, 9. II, IS,
U,
13, I.\ 17, 19. 21,
i'X.
In b ocu
21', .31, :«,. 3.3,
15. 17, 19. 21, 25, Zt,
Survey No. 19, 23,21, 25. 27, 29, 31, 3\ 56. .17, 7, 1',,
IS, 8, 67, 55, 9. 5, 51, .51, 49, 47, 45, 43, 41, 89, 1, In block
944.
PBBSIDO AND BREWSTER COUNTIES
IN
Surrey No.
1:«).
23, In
Surveys No.
), 3, 5, 7, 9, 11, 13, 15, 17, 19, 21, 23, In
133.
Surve' 8 No. 9, 1, 3, 5, 7, 15, 17. 13. II, 37, 29, 27, 25,
S8. 21, 19, 41, 80, 05, ««, 81, la bl'ck la-i.
8nrv«Ts No. /9. 1, 3. \ al, 33, 7, 11, 13, 15, 17, 19, 21,
23, 26, 27, In block ISi-.
Surveys No. 17, 19, 21, 26, 27, 1.3, 15, 1, 3, 6, 11, 9, 7,
In block 146.
Surreys No. 17, 15, 13, H, ». 5. 7, 3 1, In block 148.
Surreys No. 3, 9, 15, 21, 27, XI, In block 147.
Surreys No. 83, 31, 27. 29, 3, 6. 7. 9, 15, 17, 19. 21, In
block I4K.
17, 81, 29, 27, 21 19, •, 16, 8, 6. 7, 38, IB
Mock 149.
Surrey No.
33. 85, 27, 29, 31, 1, 3, 5. 7, 9, 11, 18, 16.
IT, 19, 21, !», 26, In block 163.
Surreys No.
11,13,15,17,19,21,28,29.81,
3, 6, 7,
38, 86, 87, 25, In block 150.
'>nrTeys No. 1,5, », 7, 9, II, 13, 15, 17, 19, 21, 23. 26
27, », 81, 83,S>, in block 1.37
Surreyi No.
1, 3, 5, 7, 9, 11, 13, 15, 17, 19,
Snrreys No. !>.
Surreys > o. 7,
B, 7, 9, tn block li6.
1, », 6, 31, 3 f. 85, 25, 27, 2«.
bock
IB, 17, 11, 19,9, in
Surreys No.
SI. 5, 3,
19, 37, 85, 85, 33, in
Surreys No.
ST, 29,
M, In
1 ,
31, 23, 13.
laH.
1,
II, 9, 7, 13, 39, 17, 15, 23. 21
block IK.
Sarrey No.
19,15, 1>, 13,
Surrey No.
19, 17, 1, 3, 5, 7, 9, 11, 13, 15, In
inblock
5, 13, II, 7, 9,
S.;, S.<,
block
1».'.
SI, 27, 29, 23, 21, 19, 17, 15, 13. 11
114.
Section No.
6,
located by virtue of certificate No.
Section No.
7,
located by virtue of oer IBcate No.
1,341.
Section No. 15, lot^ted by virtue of certificate No.
Section No.
88,35, 1,3, 6,7, In b ock
25 27 a^ SI
PRESIDIO [LOCATION.]
Section No 3, 9. In block 249.
Section No. 1, 3, 6, 7, H, 1 1, 11, 15, 17 19. 21 23 25
r, 29, 31. 33, 35, S7. .19, 4 1, 4 ', 45, 47,49, '51. 51 5' 67
69, 61. 6.1 66,67,69, f 1,1 :t,'-l,tl3. M, 87 89 91 9.1
101, 103, 163,
125,127 129.
149, 151, 168,
173, 17j., 177,
197, 199, 201.
IU7, 109,
1, 1 3. 1 15. 1 iV
181.13*, 136; 137. 13l\ 141
1
"• "• "• "• ""•
'°'
'•'• >"• ''•
'
^'-
''
^- ''•' *•
Surveys No.86,33.31. 18,29,27,26,23,21,19,17 15
3.1. In block 203.
SnrTeys No.
Surveys No.
Section No.
No. 1,669.
26 27. 29. 31, 35. as.ln block 205.
Surveys No 9. 31. II, 7, 1,15.17 19 21 28 25 27
*"'
29. 88, .36. 6. 3. 1, 13. In block 223.
•^%:rS, l"i-8.?ti
bTv'k'.^!'-
'
'
'
'
•'••'• '"• *"• ""' '«•
No.
23te.Vt3V.'in''b?oLUV
''•
"•
SurvevB
N'o. K. 15, 23, 21, 36, 33. 31.
9, 11, 13. in bl ck 229.
l^Vrf3, 5!°.i Vn
I 6, 7,
1
,
1
if- *J'»^- ^block 2.30.
"•
"'
"•• ''•
»,
3'' 33. 38. 16, 26, 9.
|urTe>s No.
11, 17, in
Mfck
»• «>
" ^^
'"• '• *•
>
^- «>
'• '•
244
'•
IS^JSjVo^^.fbVc'k l!^'- '' '" "'-* *«•
Surveys No. 3. .^. 7. 9. II; 13 I, In bio k 260
Jurvey No. 19. In block, 219.
Survey No. 25. in block 22fl.
IN
Burreyi No.
m u 'c^ .M
\Z
]
171
MM,' 19
lesi'
In block 26l
located by virtue of oertlficatt
75, 77, 79, 95, 97, 99, In
5
1. 3,
^'
•
''
'^^
o
15. 17. 19 21 23
3». <i. *3. 45; i"; 4iJ: st;
tl
13. 15
h'ock
85
m;
S. L.
BREWSTER COUNTY
29, Si, 33, 35, 19, 21, 25, 87, In
3, 5. 7, In
1, 3, 5, In
blosk
block 247.
block 246.
HAMILTON AND MILLS COUNTIES
^SOTtion No.
7,
located by rlrtue of oertlflcate No.
''"
*•
'"""«<' "y T'rtue of certificate No.
JEFF DAVIS COUNTY fLOCATIONS
SeMlons No. 87
8». »1,93 95
'
blook'224."
Sections No.
•
'
^''
97 99
*3, 85, id
«??jr§r,vs5f fiVii-c-i Sic": "• "•
" "• "•
8. 29.
*».
«.
4^'k'A\\n\l:i',\,^- »». ". ". «. ^. 27.
^rC.7:i.%'",^V!^i *i3'.''SJ.liS. 8, 5. T.
N I, 8. 5. 7, 9. il, 23, 13, 16, 17, In
.
2''S."?f,V86.'i'!; iu?ci-2V- "•
te'
"• "•
"• '• »•
Si!'-;-!,',
i % o •,',*'7f
•
o
11 rreapondence
ieit«d.
'«• ^'-
»• '3-
'^
9.
11.
block
«» »•
»
*•.
Ij'" »lock 818.
Rl '7*^1
with
reliable
Provident Life
&
Stock
Broken
Trust Co.
OF PHILADELPHIA.
1
•1,000,000
ASSETS, $33,696,592 98
INSURES LIVES, GRANTS ANNUITIES, RBCEITES MONEY ON DEPOSIT, returnable oa
ISTRATOR, TRUSTEE, GUARDIAN, ASSIONBB
COMMITTEE, RECEIVER, AGENT, eta, .rortlu
faithful performance of which Its capital an*
Burolus fund furnish ample security.
All trust funds and Investments are kept separata
and apart from the assets of the company
Tbelncome of parties residing abroad careful
collected and duly remitted.
8AM-L R. SHIPLEY, President.
T. WI8TAR BROWN, Vice-President.
ASA
8.
WING
Vice-President and Actuary
Ot*T10l\S.
<>DTB
AND CALLS ON STOCKS AND BOMBi
A SPECIALTY.
H.
60
\¥.
ROSENBAVn,
EXCHANGE PLACE. NEUr YORK.
Refers to all the principal Banking and Brokerage
honses. Correspondence solicited.
»
Chronicle Volumes
8INOB
Any oaee poa
""^Tj H^t^T^T''
i > k'
1, 3, 6,
&
Auditor.
Stock certificates bearing 6 per cent interest, payaole eml-annnally, with additional profiu, for uJ*
at f6o per share.
11, 13, 15, 17. 19,
™' "• ™- "^
23. 89, 81. 86, 36,
Sections No.
DectionB No
SiOO'.UO
Of MrNNIAPOUS, MINH.
Money loaned on noa-negotlable flrst mortaasei
Ks;go":}:Il:r3:i;?|;§.S«U^,
38 In block S(u
fro«,ooQ
.
only, which are deposited In trust with the State
1
Section No. 85, In block 138.
Sections No. 7, 19, 31, 83 In block Ian
Section No. 1, '3, lb, 17^19 in
wSok 14k
Section No. 2^, In bio.'k 144
Sections No. I9, 21, 23, in block
145
Sections No. 13. 83 In Block
U6
,8e^lon. No. 1, b. V. U.'^ri^'lt
147.
.
Minnesota Saving Fund
Investment Company,
block 846.
7, 9, In
•
demand, or on which Interest Is allowed, and la
empowered by law to act aa EXECUTOR, ADMIN-
8ectlon?N''„"JSectlon8N...i9'2l'ai'5?''".''.'°'=J^??-
4^Sf\?:.\ l;h^^ &^- « «• "•• ». 16.
?""«! No
Paid In
(CHARTER PERPETUAL
7, 9, II, IS,
1. 5. r.
.....
Capital Subscribed
CAPITAL
-
n,-
1
8T0.
beaa rolnmei alno* VfTO
hu
at band f
< cvanlent reference
a oomplate and n>
liable flnanclal history of the period. Parties harlaa
.
•/'• '° ''look S41.
In block 315.
l
HAMILTON COUNTY
3«""3j:r8'.
G«o.8.Coo,
A. B. Hall,
J. G. McCnIIoask.
J.S.T.Stranaban. H. A. Hurlbut, J.RogersMaxwell
A. K. Orr,
J. D. Vermllye. Goo. F. Seward.
G. O. Williams, Jobn L. Hiker, Wm. M. Rlctaardi
Wm. H. Male.
Wm. G. Low.
1.
tbe more recent volume* can obtain from the pot
Ushers moat ot the earlier rolumes, or oompUta
lanbe fomlsbad.
m
iSSSSS ^-±2: ISStld blV'^"^ "i "^rt'flcate 1,.348.
"«
certiflcaie
jj^Surveys
BOILER P0LICU8 Ot
OFFICERS:
Wh. M. RiCHAKDS.Prest. Gig. F.SKWARD.y-PrMt.
BOBT. J. HiUiAS, Sec.
Bdw. l. Shaw, Aaat. Sm.
DIRECTORS;
Incorporated Third Mo., atd, 1806
block 2
"• '° "look 218.
IS^1SS"i«'°qI- ?• '•7'
Section No. 36 in block 210
I.ISi'""'
Also PI.ATB OLASS and
approred forms.
.
6, 7, 9, 11, 13, 16, IT, 19, 1,
'
?ectlou"» N.
Section No.
Section No.
Ity of persons in poBltlons of trust, such as em.
ployes of Kallroada, Banks, and Corporation!
KcnerallT.
Issues ACCIDBNT FOLICIBS, eontalnlns al
modem features.
EL PASO COUNTY.
Sections No.
Mock
BBEW8TBR COUNTY
2T, 29, 31, 33.
jm'
189
1.^7
Casualty Co.
OP NBW YOKK,
Noa. 140 to 146 BroadwaT.
CAPITAL, $260,000.
A88KT8, $900,000
iBsnoB 3URBTY BONDS, gnaranteelng tbe fldal.
PECOS COUNTY.
»«• ^^- "••
^.''A:iVA]V^ici!i lib"-
'''
27, 25, 8. 1,
i',29, 83, 36 In block 281.
«.'i\:u%^.Vii-^.,iv'iM'
Kis
Hi, \nx,
!,<
121 'iss
143' 11." 147
&
Fidelity
119
BANDERA COUNTY.
1,660.
'"
4^T«rs^!iS-.VA6- ''• " "• •*• "'• '«• ^'
''
1.7, IMi,
,
1,729,
21, 23. 25.
1. 3, 5, 7, 9, 11. 13, 13, 35, 17, 19. 21. 23
.".";>.
'
1
KERR AND BANDERA COUNTIES.
^Sections No.
I, 3, 5, 7, 9, )l, 13, It, 17, 19,
In block 204.
1
', 18,
.
1
179. |hi 18)
in bloCK 2.M.
n-^^''^*"' No.
'
21)0.
29''SJ'S?."3?Tn''.^oV:Si.''-
located by virtue of certificate No.
17.
Section No. 19, located by rlrtne of certificate No.
CROCKETT COUNTY,
23, 9, 13, 11, 16, 17, 19, 21.
Z^ri:sj:^';."i:ini>Jioi y;.''-
No
Section No. 1,731, located by rlrtue of oertlflcate
in block 143.
in block
17. In block 226.
Surveys No.
<.
located by virtue of certificate
1,338.
IN PRKiiDO COUNTY.
6
1,
Section No.
25
Survey No.
.<.
located by virtue of land scrip No.
35, 83, 31, 5, 7. 9, 11,13, 29, 37. 26. 23. 81
I,:<,
Survey No.
Survey No.
7. 11, 9,
8,
1,389.
Section No. 8,
21
3, 6, 7, 9, 11, 13, 15, 17, 19, 21.
block 140.
Survey No.
9, 7, 6, 3, 1
In block
block 204.
MILLS COUNTY.
bloc
Sorrey No.
BUTLER, STILLv AN A HUBBARD.
CLARK, DYER A BOLLINGER,
S41.
1 1. 1. 15, 17, is. In bloolt 132.
9. 11. •4\,2<. Hi), 1, 3, 6, 7, 13, 15, 17. 1»,
n, 86, 7, 9, 13, 1\
31,
dollam of the saccossful bid, which amoant will b«
deposited In tbe reKlstry of said court to await the
action of said court on tbe report of such sale.
The purcbaser or purchasers of paid land will be required within twenty days after such sale shall
have been confirmed by said court, to pay Into the
registry of said court the residue or 8ucn bid.
Tae purchaser at such sale will be invested with
all the title hel 1 by the Texas 4* Saint Louis Railway ompany in Texas or any other defendant lo
sai'i above styled cause or any of bis heirs or aaflKns owned or held at or since the time of the
malting of he mortgage fore losed In t-aid decree.
The order of sale directed and delivered to me.
issued by the clerk of sail court on the 8th day o#
May, IH^O, directs me, after the said sale shall have
been conflrmed and tbe deeds delivered, to place
the I'urcha^er or purcba'-ers of haid laitd In possession thereof. Reference is made to said decree
for more detailed de cilptionof the several tracts
of land herein before named, as well as the various
duties thereby Imposed on this special master
commissioner.
FELIX H. POBBaTSONj
Special Master Commissioner.
Waco. Texas. June 3d. 18M.
<
1, 8, 6, 7, 9, 11, IS, 38,
Survey No. 1,3,5,7,9,11,18,15,
9, 17,
o k 131.
In block
In block 221.
U. 17, 19, 21, in block 234.
Survey No. 1. 6, 7, 9, 3, 11,
3. 5, 7, 9,
K, S7, 31, 83,35,
1,
87,89, 31, 3i, S5, In block 21n.
T, 9,
IN PECOS COUNTY.
II. 13. 27, W. 1, 3, 5, 16, 7,
1
Surreys No. 19, in block 229.
Survey No. 25, 27, 29 31, 33, 86,
aud
iiamb«red cause on the tHti day of Decemhe )6S9,
tbe andert'gned was appointed special master comBlSBluner with powers fully delned n said de:ree.
By Tlrtue of and under the auihoritv conferred
by aa*<l decree, and an orde of rale is^uei there
under, tbe uuderslgne l. Kelix U. Kobensun. spec al
master commlss oner, will, on Tue-«tay, the V day
of September. IHUU, at 13 o'clock noon. a^ tbe Cojri
BoDse door of McLennan County, in Waco, exas,
Proceed to sell at pub tc auction to ti>e blKbest
Idder, tbe following descri ed land situated In
tbe State of Texas, vis.:
1, 3, 6, 7, 9,
ck MO.
'•!'
13, 35, 16, 17. 19, SI. 28, 25, 37, 39, II,
FOLBY COUNTY.
Hotloe iB hereby fflTen th it hy n decree entered
ill* Uolted tiutes ( Ircuit Cuiiri for tne nffthern
dtetrlot of Texa4, Ht
86, 31, In
Surreya No. 3, in block 228.
Surreys No. 1, 3, 6, 7. 9. 11, 18, In Mock 229.
Surveys No. 1, 9, In block 247.
Burrey No. U, 5, 3, 1, 13, 9,,7, In Mook S«8.
•t &L, DefendanU.
br
.I.*!,
Surreys No.
PHn.LiPg knd
yr.
Mo. 6S qoltj.
37, 29,
25
1. 3, 5, 7, 9, 11, IS, 15. J7, 19, 21, i;3,
Surveys No,
SAL.E.
MU,
'^nsttv^s
I^nsteyfs ilale.
M>nlc,
MASTER'S
rvoL. LI.
IXriLLiAm B. DANA * CO..
WILLIAM STREET, MEW YOJUC
1.344.
Section No. 3. SStM hi 7'".
°l
Section No f Sort hi ^""J°* "i eertiflcate ,346.
Section n": 1; oSmI hv Zl'l"""^ certificate 1,347.
Six hund,-ed indfift, 1^"'"?°' ra^'flcae 1„348.
* '«• located by virtue of
oertiaoate iTsi"
1
"
102
SECURE BANK VAULTS.
i^tloS N°:8-j?ta£rl'';"«°5««"""='' <"•«»'•
""« certificate
Section No. 6 locatert bj,'
"*.
1,696.
Section No. 7 localM hi ^'i"" '". <^ertiHcate 1,«»7.
Section No. n I, St?rt ^'^^'''i'"'"' certificate 1,61/8.
Section No. 11 u.~,^V'"S°' certificate 1,699.
,
"• "• 'ocated by
1,70)1.
virtue of oertlniate
j_^tlon No.
18,
located
by rlrtue of
oertlflcate
COMANCHE COUNTY
^8»rre^No.
886, located
by rlrtue of land .crt»
WELDED CHROME STEEL AND IRON
Ronnd and Flat Bars, and 5-ply Plates and Angle
FOR SAFES, VAULTS. *c.
Cannot be Sawed, Cut or Drilled, and positively
In
'»~tion'*Nabm"^^"««-^
?SSyVS#vT-'" -^ ••viuim to pay
In at the
time of sale ten theusand
Burglar-Proof.
CHBOniE STEEI. \roRKa,
OaaaiABM nam,
BHOOKLYM. M.
Y.a
@FedFRASER