The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
,
—
:
..
.
xmm
0iiiintmal(i
W
AND
HUNT'S MERCHANTS' MAGAZINE,
REPRE3KNTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
[Entered accordInK to Act of Congresn, la the year 1S91, by
VOL.
Wm.
B.
D\sa
Co., In the onice of the Librarian of Congregd, Washington, D. O.]
SATURDAY, AUGUST
63.
%ht
Terms of Adyertlsing—(Per inch
(1 times)..
1100 Six Months
Tsvo Months
(S
18 00
••
).
Twelve Months
(13 times). .$25 00
•'
).. 43 00
(26
"
(52
).. 58 00
London Asents
DANA & Co„
\riI.I.IAin B.
102 William
Street,
PublUhers,
NKW YOKK.
Dallas, 38-4
;
Week Ending
531,431,876
xharrs.)
IStockt
Ixttts.)
iCottan
bUfhels.)
(Oraln
{Petroleum
bbls.)
Providence....
Hartford
.New Uaren.
..
Sprinjifleld
Worcester
Portland
Bedford,.
New
Total
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Aug. 22, have
been $1,03.5,827,399, against 1933,943,939 last week and $1,150,353,033 the corresponding week last year.
England.
Philadelphia
PlttsbUfK
Baltimore
BiilTttlo
Washington
Uochester
WtlminKton
Syracuse
Total Middle.
t'hlca^o
rinclnnati
Wuk
Olkabinqb.
Bniint Aujuit
1891.
New
Vorlc
f5e9, 135,420
07,801.248
49,.t40»77
78,813,48-1
Soven
Total
5 days
dBjs
cltie.fl,
'iiher cities, 5
all cities,
S days.,
13.301.742
75,606.000
20.566,778
4,662,914
$746,797,141
125,016,297
t8C6,150,S59
124,832,611
-7-5
iS70.8I3.638
C930,88'2,9;0
-66
All cities, 1 (lay
Total
The
all cities
for week.
-11-7
— 16'd
....
+11-4
-1-2
1-3
-12'4
-fO-1
170013,761
219,370,063
—22-3
$l,leO,3S3,03J
-9-5
the
week covered by
above statement will be given next Saturday.
We
CotumOus
Peuna
Grand Rapids..
Total Middle Western
the
cannot, of
San Francisco.
.
Portland
Salt Lake City..
Seattle
Tacoma
Lios
Angeles
Total Fadflc.
Kansas
City.
Minneapulla.
St.
Paul
Omaha
Denver
Duluth
St. Joifeph
SloaiCity....
Des Moines.
.
Wichita
bank clearings being made up by Lincoln
the various clearing houses at noon on
Topeka
Saturday, and hence in
the above the last twenty-four hours of
Total other Western.
the week have to be
in all cases estimated, as we go to
St.
press Friday night. Below NewLouis
Orleans..
are
course, furnish
them
to-day,
our usual detailed figures for the previous week, that is
covering the returns for the period ending
with Saturday
noon August 15, with the comparative totals
in 1890.
The aggregate for all the cities, as will be
seen by the lub-
•
.
,
jomed
table, records a loss from the
previous week of nearly
ttfty-nine millions of dollars,
and over seventy per cent of this
decline is at the cities outside of
York. There has been
a Utile more activity on the
New
New York
Stock Exchange, and
;on the Produce E.xchauge the
dealings have been much
heavier than in previous late
weeks.
:
t
(1.004.321)
(432,500)
(50,575,600)
(3,164,000)
;
fr«* End't
Ain/iMt IS.
1890.
690,003,863
P. Cent.
-230
(-10
(1,015.020)
(210,000) (-I-106-0
(42,625,882) (-t-18-e
(1,998,000)
77,033,337
4,358,300
1,613,059
1,319,762
997,967
1,074,540
1,141,710
973.048
118,388
86,459,975
4,899,300
1,658,908
1,242,626
1,104,244
1,006,742
1,119.479
647,899
888,094
'88,^,720
60,326,757
11,282,696
13,913,681
7,787.605
1,692,747
1,264.033
688,763
700,615
—10-9
—7-3
-8-7
+a-2
-9-6
1891.
Aiig.
8.
P. Cent.
—17-8
647,306,230
(935.370)
(443,800)
(27,216.360)
(848,000;
C+8-0)
,+2fi-3)
-«9"8)
!-60-8>
+19
-t-80'2
-1-7-8
93,050,415
4,740,300
1,998.176
1,365.196
1,190,001
1,086,419
1,246,488
681.094
413,799
98,327,286
-97
107,749,787
+2-8
63,111,581
13,403,235
13,402,686
7,302.414
1,448,296
1,247,148
746,531
716,427
-20-3
—15-8
£8.848,674
12,024,031
15,498,521
-7-a
-i-6-3
837,977
830,126
87,618,897
101,377,318
-13-6
100,917,444
-20
70,730.000
10,801. 8 JO
6,476,060
8,053,787
4,944,462
2,641,200
1,724,788
1,514,982
821,489
76,397,705
11,174,000
6,508,611
7,453,537
6,631,249
2,422,400
1,060,253
1,6)8,062
716,199
-H-4
-2-8
82,6,30,414
+0-1
-4-8
—12-9
-7-8
116,767,616
113,910,018
18.966,6.38
20,503,596
-i-6-7
-i-2-0
-i-3-8
-t-8-6
-I-IOO
+1-4
-7-7
+11-8
-2-9
-HI
-5-0
+1-8
+8-2
-4 2
+2-0
—18-4
+ 17-2
+27-2
+3-«
+19-9
+11-1
+4-3
9,498,9.>8
1,710,766
1,850,422
+130
+110
11,392,300
6,297,861
6,585,286
6,104,408
2,876,300
1,956.410
1,763,382
790.927
~+r6
119,396,068
-1-1
-150
-hs-i
—12-2
i-9-0
-12-3
-7-5
+1-5
-0-9
+5-3
-I-0-08
4-20-4
$1,040,827,299
full details of clearings for
Cleveland
Indiana polls...
-il-8
59,091,567
11,019,391
67.898.000
16,948,936
0,208,571
PhlliulclpUia
Baltimore.
Cblcapo
St. LonlB
-N.-w Orleans
I)etr<p|t
Per Cent.
1890.
$5I4,608,5''6
Bu8too
Milwaukee
22.
;
;
1891.
New
CLEARING HOUSE RETURNS.
;
;
;
Ijowell
Post Offick Box. 958
!
Memphis, 46-3 Wichita,
Fort Worth, 36-3
Birmingham, 33-3 ;
Nashville, 33, and Seattle, 30-6 per cent. The most important
gains are at Galveston, 94-9 per cent Los Angeles, 75 '3 Low>
ell, 50'2 ; Des Moines, 46-5, and Norfolk, 43'5 per cent.
are Chattanooga, with 48'9 per cent
45-4
Boston
Messrs. Edwards & Smith, 1 Drapers' Gardens, E. C, will tatre euboriptions aud advertisements, and supply single copies of the paper at
Is. each.
;
of 6'9 per cent. Altogether thirty-three cities report exchanges
below those of a year ago, and prominent in ratio of declin*
New York
space).
$ 3 50 Three Months
1,365.
per cent, and the total outside of this city exhibits a decrease
Terms of Subscription— Payable In Adranee:
One time
One Month
NO.
22, 1891.
The comparison with the same week of 1890 is less satisfactory than in the preceding week, the falling off in the whole
country reaching 16'9 per cent. At New York the loss is 23
^hvoxxxcU.
For One Year (IncludlnK postage)
$10 20
do.
Kor Six Mouths
6 10
European Subscription (Including postage)
11 50
European Subscription Six Montha (Including postage).
6 75
Annual Subscription in London (Including postage)
£2 8s.
Six Mos.
do.
do.
do.
£1 9s.
.
These prices Include the Investors' Snppi.EMF.NT, of 150 pacps
issued every other mouth, on the last Saturdays of Jan., March, May,
July, Sept. and Nov., aud furnished without extra charge to all
ubscribers of the Chkosici.8.
A tile cover is furuished at 50 cents; postage on the same Is IS
cents. Volumes bound for subscribers at $1 00.
Subscriptions will be continued until definitely ordered stopped. The
publishers eaunot bo responsible for remittances unless made by drafts
or Post OIBce money orders.
Wn,t,IAM B. DANA.
JOllX O. FLOTD.
<h
Louisville
Memphis
Klebomnd
ctaattano^tKa..
Binuinjtiiam..
I.#extngton
—
Total
Soathem
Total
all
1,0,-1,887
1,623,476
1,028,011
972,10-'
-t-7
+99
—30-6
-8-3
497,970
35,018,081
26,297,041
7,685,696
6,168,676
4,200,080
3.698,091
4,044.868
1,872,442
1,198,499
9,739,010
6,045.149
3,880,202
6,040,079
4,750,287
2,18»,577
1,638,091
SJ2,54-
-211
2-4
-I-
-t8-2
-28-11
-14-8
— i:ra
24,390,674
-f6-5
8,140.099
6,496.075
4,527.040
4,688.608
5,317.964
1,970.612
1,165,074
-18-8
+3-2
-13-3
—10-0
—3-9
-7-7
-13-4
-17-0
+19-8
-45-9
bl6,iV
884,727
639,962
833,917
—22-2
—26-9
+46-5
—45-4
—17-1
—8-9
1o,37e,OJl
35,260,045
-13-8
"S5!390,961
83,019,981
6.621.643
6,551,927
1,283.896
20,716,722
5,928,408
6,974,602
2.292.177
2.147,952
~j9,97e
2,379,687
961,688
632,902
626,037
703,100
695,279
409,2Jl
+11-1
-6-2
-20-4
-46;2
22,896,010
6,877,608
6,487,574
1,389,069
2,640,178
i;73«,687
1,976,271
676.616
616,906
927,602
454.000
521.349
458,924
1,092,779
60S,2J8
771,133
472.057
447,420
310,891
2.236.;i88
Galve8t(m....
Nashville
Dallas
Kort Worth...
Norfolk
Houston'
1,790,358
1,783.900
713,360
891.268
872,560
18,098,730
1,857,197
1,780.703
887,118
926.4^6
813,500
1,588,780
1,619,029
692,804
403,346
892.820
859,000
403,188
409,896
l,486a77
+^4-0
-32-0
-38-4
—86-3
-(-42-6
—48-9
-32-3
+004
8:i3,-20O
700,000
467,461
657,772
820.016
—3-»
—10-6
.
+3-8
-H-2
-13-3
-16-7
+12-4
+130-9
—29-8
-40-2
-38-1
+29-6
-49-8
-27-0
45,167,669
-2-8
46,466,892
-1-3
_M2,942,939.1,110,S3S,206
-16-9
981,817,846
-111
^0^
43,901,706
Ontilde New York
"S0(;511.0e!l
*Not Included in touis.
420.32fllft6
431.31 t.«H
'
THE CHRONICLE.
234
THE FINANCIAL SITUATION.
fVoL. LIII.
be because of a belief that the crops and reviving inadditional supply.
this
dustries will soon absorb
Call money as represented by bankers' balances hai
averaging from
the situation this vreek have loaned at 3 and 1^ per cent,
No
renewals
have
and
been
helpful.
cent,
2
to
per
very
and
nature
2^
been of a conspicuous
those made at these figures; banks and trust companies conthan
reassuring
and
timely
more
could
be
words
tinue to report 3 per cent as the miaimum, although
of President Harrison at Albany on Tuesday, express
The
facts influencing
ing so clearly his duty and so forcibly his determination to maintain the money issued by the Government
To-day the great
always and everywhere at par.
hindrance to business enterprise is the fear so widely
felt as to the possible action of the next Congress with
Although the
reference to the free coinage of silver.
such a measveto
should
not
he
did
say
President
ure if passed, no one can doubt now what would be
Time loans are made
are obtaining 4 per centi
4 per ceut for thirty days, 5 for sixty days, and 5^
many
at
from three to six months on first-class stock
collateral. There is a good supply of commercial paper
and the demand is improving, more particularly from
Bistern banks, and rates are easier at 5^ to 5| per cent
for sixty to ninety day endorsed bills receivable, 5f to
6 for four months commission house names, and 6 to
6i per cent for good single names haviog from four to
six months to run.
With the exception of active grain markets and some
reports as to shorter harvest than anticipated in France
and Russia, there have been few features of interest
to 6 for
Nor can there be a
his action in such a contingency.
doubt that he would use all the means at his command to enforce the policy which the currency act
of 1890 affirmed was the established policy of the
United States that is, to preserve the parity of the
two metals, gold and silver. When we add to the fore- abroad this week. A little dearer money in London is
going the statement reported to have come from Sec- reported, the result probably of the contioued outflow
The Bank of England lost this
retary Foster last Saturday, to the effect that he of gold to Germany.
considered his power ample to maintain or increase the week £328,000 gold, and this we are advised by a
present reserve of gold, and though at present he did special cable to us was due to the import of £154,000
not see any occasion for the exercise of this power, he from Portugal and to receipts from the interior of
did not hesitate to say that if the occasion arose he Great Britain of £78,000, and to the export (princishould not fail to use it when this statement is taken pally to Germany and Turkey) of £560,000. The cable
in connection with the President's words, the public reported discounts of sixty to ninety day bank bills
no doubt has good reason to feel renewed confidence at London yesterday at 1|@2 per cent. At Paris the
—
—
in the future of values.
developments of the week with regard to the crops
and Europe's demand for them at a good price, together with the increasing evidences of reviving business activity which are beginning to manifest themeelves in various ways, have all tended to incite new
hopes and also to impart greater buoyancy to our stock
market. The speculation in wheat now so rife causes
«ome
little
open market rate is 2f per cent at Berlin it is 3^ per
The Bank of
cent, and at Frankfort it is 3f per cent.
France gained £4,000 gold during the week, and since
the last report the gold in the Bank of Germany has
increased about £368,000.
Foreign exchange was lower and easier early in the
week, but was firmer towards the close for sight sterling and cable transfers.
The arbitrage houses are
reported to have been heavy sellers of stocks, notably
Foreign
Louisville & Nashville and Union Pacific.
bankers also report the receipt of much larger amounts
;
Besides putting to rest these currency anxieties, the
feeling of uneasiness.
—
With
so large a crop
of that grain to be marketed for we have no doubt
raised a very large crop
it clearly would be unwise if of four-and-a-half per cents for presentation for reour banks were in any degree to encourage the work demption than they supposed were held in Europe. The
of checking a free movement and free outflow. Wheat supply of commercial bills against movements of
—
£eems
to be a product that comes out of every corner
of the world when prices are put up unduly. Speculators have tried to corner it several times and failed.
And nothing could be more harmful to our agricultural
interests than to go into the next crop-year with our
«levators and granaries full of this year's yield, to meet
such a new yield as next year's world's production will
probably prove to be under the stimulus of this year's
abnormally high prices.
Notwithstanding our banks have suffered quite a
loss in reserve this
—
week
—as
will
be shown by to-day's
breadstuffs is comparatively light, the grain now going
forward having already been drawn against, and the
high prices of wheat resulting from recent speculative
manipulation having checked buying for export, so that
offerings of bills against near futures are limited.
dearer discounts in
>
The
London have
to some extent aided
and have made long
and
the]
Brown
Bros.
in strengthening short sterling
On
steady.
Bank
for
of
and
long
Magoan
Monday
Montreal
&
Co.
reduced
4-86^
and
for
the
their
rates
short,
Bank
while
of
to
4-84ij
Baring,
I
British]
statement there has been some increase of confidence North America maintained
4 85 for the former!
in the tone of the money market.
That is to say, al- and 4 87 for the latter until the following day, when]
though rates for call money are a little higher, the both these drawers reduced
their rates half a cent.
rates for time money are easier, not so much, how- There was no
further change until Thursday, although
ever, for long contracts
as
for short-time con- the rates for actual
tracts;
The
activity
doubt contributed to
in
the
stock market has no
the former, while the change
in time rates is probably due to the announcement
by Secretary Foster that he should pay all the 4^ per
cents that were presented for payment on the first
of September.
It is presumed, therefore, that at
least
25 million dollars will be disbursed by the Treasury
on
that account.
The reason the lower tendency has not
extended in the same measure to long contracts
may
business, and especially for sight
and cable transfers, grew firmer. On Thursday
Brown Bros, and the Bank of Montreal advanced the
short rate to 4 87, and the Bank of British North
America moved both long and short up half a cent,
while Baring, Magoun & Co. made no change until yesterday, when they also advanced the short rate to 4 87.
The market closed firm with nominal rates 4 84i(§i4 85
for long and 4 87 for short; rates for actual business were
4 83i@4 84 for long, 4 86@4 86i for short, 4 86i@
bills
A0OD8T
THE CHRONICLE.
22, 1891.1
235
4 86i for cable transfers, 4 82^04 82} for prime and and desire to call attention to its comprehensive character, it embracing a very large proportion of the rail4 82i04 82^ for commercial sterling.
is
large,
concoal
road system of the country.
anthracite
The statement also reof
production
If the
gnmption is also large. Tiiat has been repeatedly veals quite favorable results. For the month of July we
shown in recent months, and is again shown in the have had returns from only a very few roads as yet, but
statement just issued for the month of July. The these are chiefly distinguished for the very good charoutput for tiiat month reached over 3} million tons acter of the comparisons with last year. There is the
The production agreed upon between Baltimore & Ohio, which has gained on both its East(3,791,330 tons.
the compiinics had been three million tons, so that the ern and Western lines, and in gross and net alike, the
amount was exceeded by nearly 800,000 tons. The aggregate gain in gross being $89,911 and in net $65,)
same disparity between the agreed and the actual out- 034. Then there is the Richmond & Danville, wlych
put existed in the months preceding, as our readers has not furnished monthly returns of net for some
know, and hence there was urgent need for the time, but which now for July issues a statement showaction taken by the presidents of the roads in seeing ing $113,306 increase in gross and $60,310 increase in
to
it
themselves that the restriction policy should be
As a result of this action it seems
net.
nooga
In
&
the
case
Louis,
of
St.
likely that the agreed
'
'
the
Nashville
comparison
with
that
the
Chatta-
year
the
by
fact
operations
output for the current month is affected
(August) will not be much exceeded. This output of the Western & Atlantic leased road are included for
was fixed at 3,000,000 tons. For the two weeks ending 1891 and not for 1890; but it is evident that there was
August loth the amount mined has been 1,452,395 considerable improvement, as the surplus above all
Unless therefore there should be a decided charges for 1891 (including the Western & Atlantic
tons.
change in the last two weeks, it seems likely that the rental) is $70,859, as against only $59,968 in July,
The Pittsburg Youngstown & Ashtabula, one
1890.
total for the month will be kept within the limit.
The really encouraging feature, however, is the fact of the Pennsylvania lines, which in the first six months
that the companies have been able to dispose of or find lost so heavily in both gross and net, for July reports
a market for the heavy amounts of coal mined. Thus gross increased from $129,419 to $180,808, and net in>
The Pittsburg
for July the production was not only 800,000 tons in creased from $44,008 to $108,394.
excess of the amount fixed on by the companies, but it Cincinnati Chicago & St. Louis, which had also been
was nearly half a million tons greater than the produc- losing heavily, has for July $16,342 increase in gross
The only and $32,964 increase in net. The Illinois Central
tion for the corresponding month last year.
are reports no less than $144,424 increase in gross, with a
stocks
far
as
tidewater
effect, however, of this, so
This loss in net, however, is
concerned, has been to add 25,490 tons to the total of loss of $51,612 in net.
these stocks as it stood at the close of the preceding due to exceptional causes, operating expenses having
month. We are sometimes criticised for not taking been heavily increased by reason of large outlays for
into account the stocks of coal held at interior storing repairing damages on the Dubuque & Sioux City occapoints, which our critics say are larger than ever. sioned by floods in the neighborhood of Cherokee and
But in the first place it is impossible to get any elsewhere in Iowa.
Our stock market this week has shown a very strong
authentic or reliable information as to these stocks,
and in the second place it is evident that there must be and a very confident tone. Transactions have been on
a limit somewhere to the storage capacity at the a larger scale than for a long time past, and the activinterior depots
the increase cannot go on indefinitely. ity has been accompanied by a decided rise in prices.
Beside?, it seems unlikely that if heavy accumulations There have been no new developments of moment, but
of coal were taking place the fact should not be each day brings the assurance of a large corn crop
reflected in the tidewater stocks also.
In any event, nearer, while as to wheat and oats there is no longer
taking- these tidewater stocks as a guide, the companies room to question that we have raised very heavy crops.
are disposing of largely-increased amounts of coal as Each day also seems to bring some new evidence concompared with a year ago. Here are the figures firmatory of Europe's need of any surplus we may have
worked out in our usual way both for July and the to spare. Early in the week the rise in prices was
seven months.
assisted by purchases for European account, but later
there seems to have been considerable selling from that
Juty.
Jamtary 1 to July 31.
AnthracUt QmL
source to realize profits.
Union Pacific has lagged
1891.
1890.
1891.
behind, notwithstanding the annoixncement that the
'^•^ki
begluoing
Tmt.
Tona.
Thru.
Tbns.
Tom.
Tbns.
periofl
652.15fl
ars.iu
TaO.liOfll
a33.784
535,662 1,026,107
arrangements for taking care of the company's floating
'Ouctioa
3.791,339 3.310.078 3,827,522 21,758,433 18,876.0S1 18.774,724
debt had been completed.
While the market the last
Total supply
4,469.483 4.03O..581 4.481.286 22.292,086 19,702,138 19,426,88.)
» end of period
703.8341
two days has shown some diminution in activity, there
761.231
788.069
751,231
788,069
703.634!
Disposed of
S,78S.84» 8.279.85s! 3.673,217 21,688.451 18,950.907 13,638,811
The
lias been no very important reaction in prices.
Thus 3,765,849 tons were apparently disposed of in bond market has also shown a stronger tone.
luly, 1891, as against only 3,279,353 tons in July,
The following gives the week's movements of money
''•0.
For the seven months the increase is still more to and from the interior by the New York banks.
better observed.
last
—
I
I
I
[
..
iking, for while
the total disposed of in 1891 figures
toverSli million tons, for 1890 it is less than 19
iiillion tons and for 1889 only
With
18f million tons.
»n increase of the proportions which the latter figure^
lect, a change of a few hundred thousand tons in the
.'jcks at interior points is evidently a matter of comaratively little consequence, since it
;eneral result
We
ot
I
could affect the
WmH
£ndiTtg
Aumst
21, 1801.
$2,441,000
Cnrrenoy.,
eucod
3old
Tom golfl
and
legal tenders
give on another page our statement of gross and
month
of
June and the
half-year.
"$2,941.00(1
Shipped by
2V.
r. B-tn<s.
Net InUrior
Movement.
$J,75.'>.00« Lo»t).$1.314,000
l.lOO.OliO Loss.
600,000
$4,855,000 I.O9ii.$1.9U,0a0
Result with Sub-Treasury operations and gold exp orts.
Week i;ndin« ^u-ytut
21, 1891.
only in small degree.
earnings for the
Received by
N.r. Banks.
Badks* Interior moTement, as above
Sttb'Treasary ope-atlona
Total gold and legol tenderi
Into
Banks.
$2,941,000
13,600,000
Outo/
Bankt.
Net Change (n
Bank
Boldinge.
$4,835,000 LOS9.$1.814,U«0
14,900,000 IxiMg. 1.300,000
$i6.a4r.ooo $ll'.7a5.000 I.0i«.$a,214.000
THE CHRONICLE.
236
of bullion
follovriag table indicates the amount
at the
and
week,
this
in the principal European banks
The
corresponding date
last year.^
Aututt
[Vol. Lin.
statute authorizes the
"Treasury notes" themselves
to
be so used.
It thus appears that there are several difficulties tobe overcome before these certificates of deposit can get
Auniuri, 21, 1890.
20, 1891.
is
the hindrance
bank reserves.
(1.) There
which
the provision of the law makes when it enacts
S
£
£
S
£
23.651,182
that these "Treasury notes" shall be in amounts "not
t2.65>,133
»6.780,««1
28,<80,9«7
ngUind
103,424,000
50,756,000
6»,668,000
105.6.52,0001
64.980,000 50,572,000
rracM
"less than one dollar nor more than one thousand
41,(66,0>J
81,05«,000 15,527,000 46,681,000 »7,512,000,13,75«,000
0«nn>ii;*.
4,475,000 16,539,000 21,011,000
22,028,000
18,554,000
5,*74,000
"dollars." If any officer of the Government takes
AMt.-Hun'T.
4,808,000 5,358,000 10,166,000
9,089,000
4,070,000 5,919,000
N«th«rljuidi..
4,235,000
the
notes on deposit and issues certificates on them
1,412,000
8,823,000
4,406.000
2,e37.33» 1,488,(1«7
Ifat. B'lsloiD*
"
97,818,000 201,757,182
114,939.183
not less than five thousand dollars" and upwards,
for
215,316,667
90,040,66;
Tot.thli wMk IM,898,000
114.918.892 87,824,333 »02,77S.a35
Tot. »r«T. w'l It6,7a8,05« 89,T97,SS4 «15,525,390
he by such act clearly nullifies and defeats the proof coin and
• The division (between koW and silver) Riven In our table
Belgium is made from vision above cited, that Treasury notes under the 1890
bullion in the Bank of Germany and the Bank of
is It claimed to
" more than one thousand
ttusbeat esUmate we are able to obtain: In neither ease
weekly returns, act shall be in amounts not
be»0Ottrate,a» those banks make no distinction In their
BMely reporting the total KoldaadsUver, but we beUeve the division " dollars ;" for remember that after he has taken the dewe make is a close approximation. alts weekly byoable, andj while
_i,n« not»
IfOTB.— We recHivethe foregolasres
posit and issued the certificate, the small notes are virdate ifiven at the head of the oolumu, they are thereturni
Sank of
SUvtr.
Gold.
into
TMcU.
Silver.
Gold.
IY>taI.
£
..
»Uof the
Issued nearest to that
date— that Is. the
latest reported llguree.
retired, for they must bs retained in the
Treasury until the large certificate which he has substituted for the small notes is presented for redemption.
(3) Again, the law of 1890 directs the purchase
tually
A FEW WORDS MOKE ABOUT TEE NEW
^'CURRENCY certificates:'
We undoubtedly made a mistake last week in saying
that the
" distinctive character "
of
the silver
of
4^ million ounces of silver each month, and the
preparation and issue in payment of the same of these
bullion " Treasury notes ;" thereby the two parts of this scheme
currency issue under the 1890 act was described in the are indissolubly formed into a single Government transfirst section of that act as " silver bullion Treasury action, and of a kind which up to July, 1890, was
Our old eyes overlooked the little word wholly unknown to our laws. Consequently " Treasury
''notes."
preceding "silver bullion" in the statute, and notes" thus vitalized become by reason of the special
thus connected the words "silver bullion" with work to which they are restricted a very peculiar issue,
" Treasury not«s " in the following part of the sentence. and although after the Tribune's criticism we would not
" of "
The Tribune
of
Wednesday
calls
our error carelessness,
two different adjectives attached in succeedwe do not in the least object to
ing sentences
its words on that point, for no one can speak any more
severely of an error we make, however trivial it may
But when the Tribune
be, than we do ourselves.
mixes our article with politics and politiciaus it is most
obviously slandering its neighbor and when it seeks to
make it appear that in our misnomer of the 1890 currency was embodied the force of the objection we made
with
;
;
to the
new
certificates,
or that its correction
issue of the certificates criticised
a grave error
it falls into
What we
because, as
referred to
in
any
less clearly illegal,
itself.
substance said was
we explained
made the
—and
it
last
—
them
silver bullion
Treasury notes,
they most certainly are " Treasury notes" issued on
Moreover, although this law creates
silver bullion.
is not as we have already stated
word in the whole statute authorizing special deposits
of them in the Treasury by banks, nor is there a single
word authorizing the issue of certificitas on them to
the banks making the deposit.
(3) Finally the 1890
statute nowhere confers upon the bink the right to
this nondescript, there
a
count these new certificates of dep:)3it as reserve.
We need hardly say that there is no possible basis
for the claim that they can be so counted, without the
statute
wa repeat
week, the transaction
of a nature to have a harmful influence
is
for the world call
creating
the
grants that power
;
note
for
it
definitely and
would be just
distinctly
as
reason-
able to insist that the "certificates" carried with
the legal tender character of the original
them
note as to
on our currency that the issue by the Government say that they carried with them the reserve feature
to banks and others of certificates on deposit of which attaches to the original note.
"Treasury notes "paid for bullion under the Act of
Enough would appear to have baen said to establish
July, 1890, had, so far as we could find, no law to sup- all that we claimed in our article of last week.
But Wf'
port it, and consequently was without authority. The are compelled to go one step further because it is now
itatement will be accepted without question, that these assumed that although there is no authority in the 189"
deposits cannot be received and certificates issued on Act for doing what has been criticised, yet there w;
them by the Government unless a statute can be found an Act passed way back in 1873 which granted certain
which delegates the power. Lst us rehearse the essen- powers and privileges to " United States notes," and it
The Act of 1890 was passed by Congress ostensibly for the purpose of providing a currency
of small notes for circulation as money throughout the
tial facts briefly.
is
asserted that
the 1890
" Treasury
notes " take
th(j
same powers and privileges because they have the right;
to be counted as bank reserves, which is a commor
country, so it enicted that the denominations of the function the
two sorts of circulation possess. That
" Treasury notes " it was creating should be " not less
the whole argument as we understand it, and it has tin
" than one dollar nor more than one thousand dollars." merit of being
original at least.
Here is a statuti
To give these notes added credit with the people they were passed in 1890 which creates
a kind of "Treasury
made legal tender, and to facilitate banking business note " and grants
to the banks a single certain privileg'
banks were allowed to count them as reserve. There
in the use of that note, and with that the grant of pow
however is not a word in the Act which authorizes
era in relation to banks stops.
There is anothe
the Government to take these notes on deposit and
issue
i
certificates of
deposit in the
amount
of five thousand
there a single word in the
and upwards. Nor is
Act which authorizes the banks
dollars
to use
of deposit as rest-rve, although, as
such
banks the same single certain privilege granted b;
the 1890 Act, and then goes on and grants anothpi
the privilege.
Now the argument appears to he thai
certificates
we have
seen,
statute passed in 1872 (18 years previous) with refer
ence to " United States notes " which grants to th
"
AuocsT
THE CHRONICLE.
aa, 1891.]
237
These are mere truisms, but they are truisms which do
the 1890 Act, because it granted one privilege and
topped, granted the other privilege which it did not not gain the general recognition that they should. In
The ordinary way of interpreting statutes has this country, where one man as a political unit is as
grant.
always been the opposite of this contention. Congress good as another, it is easy to see that a purpose is
sometimes served by misrepresenting things.
But
is assumed to have known just what was in the 181i
statute when it passed the 1890 Act, and having named after all, the situation hero is perhaps no worse than in
part and omitted part of the reserve privileges, the pre- other countries where political freedom is more circumsumption is that the omission was intentional. Further- scribed. In the disputes and difficulties which arise
more, when one reads that portion of the 1890 Act which between capital and labor the world over, there seems
says that the denomination shall be " not less than one to be in general a lack of knowledge on the part of the
" dollar nor more than one thousand dollars," the inten- wage earners of the real status of the capitalist and
for producer in the great industries.
The idea is entertion and purpose of this omission is also made plain
not
mean
to tained that the employer makes excessive and exorCongress
did
it thus becomes obvious that
give the Secretary of the Treasury power tb nullify and bitant profits instead of narrow and restricted ones.
defeat one of the chief objects of the law, which was Let this notion once be dispelled, and the relations
to provide a small-note currency system for wide cir- between labor and capital we may be confident will be
greatly improved and less liable to be disturbed. What
culation.
Finally the fact that the notes in the 1890 Act were is wanted, therefore, is information and evidence on the
not mere assertions or unsupported
called " Treasury notes " and that the notes spoken of point in question
in the 1872 Act were the old well known "United statements, but actual facts brought out by careful and
Theories, sentiment and
States notes," which had their birth in 1862, is of it- conscientious investigation.
self suflScient to cut off the 1890 issue from all partici- philanthropy must all yield to the inexorable logic of
pation in the powers and privileges which the 1872 facts.
In this sense the Massachusetts Bureau of Statistics
Act granted. "Treasury notes" and "United States
"
Labor has rendered a real service in the preparation
in
our
statutes
of
and
separate
as
distinct
notes
are as
of its volume on the profits of manufacturing indus"National Bank notes" and " United States notes
But we need not dwell upon this point, as we tries in the old Commonwealth. There is probably
are.
The distinction is matter of little risk in saying that the report furnishes the most
referred to it last week.
history and of record; it is well known to the financial exhaustive analysis of the subject of profits extant.
Moreover, some of the methods of treating the subject
public and runs all through our currency acts.
seem to be entirely original. The results are based on
the Massachusetts Census of 1885, and the volume
APPORTIONMENT OF WAGES
(which forms Part IV. of the Bureau's report for 1890)
PROFITS.
was issued a few weeks ago. It embraces 370 pages of
There is no more difficult or delicate problem than statistical tables and remarks, and we have deferred
that of apportioning on a fair and equitable basis the referring to it till now in order to get time for a
compensation which labor and capital shall have out of thorough examination of it. While the results cover
the product of their joint industry the one in the only Massachusetts industries they are of course of
form of wages and the other in the form of profits or general application, since the Commonwealth is one of
dividends.
There is at the same time no problem the greatest manufacturing States in the Union. This
where the conditions are so rigidly fixed by circum- will appear from the statement that the Massachusetts
stances outside of the control, and independent of the Census of 1885 covers 23,431 establishments, having
volition, of both laborers and capitalists.
It is natural a total of over 500 million dollars capital invested
and commendable that the laborer should desire better (1500,594,377) and producing nearly 700 million
wages, and it is equally praiseworthy that the manufac- dollars worth of goods ($674,634,269), and giving
turer, should seek to further this ambition of his employment to 419,966 hands of both sexes and
employe, for it is a fact that in the vast majority of all ages. The returns as to profits do not cover the
cases the employer does seek to promote the welfare of whole 23,431 establishments, but only 10,013 of them.
his employe
self-interest alone would dictate such a The relative importance, however, of those reporting
course, even if the manufacturer were seldom or never and those not reporting is not indicated by the nummoved by the higher instincts of humanity.
ber of establishments.
Those not reporting are mainly
But the scope of action of the employer, as already small and insignificant concerns, in some cases employsaid, is a narrow one.
The price of his goods or ing only very few hands. Comparing on the basis of
products is governed by competition and by relative amount of capital invested, the 10,013 establishments
supply and demand.
Cost of production is also which have furnished returns as to profit represent
governed by definite factors. TI^^ margin of profit over 75 per cent (75*45 per cent) of the whole manulies between the two and can only vary within those facturing industries
These 10,013 estabof the State.
limits hence is necessarily restricted.
To increase lishments also produced nearly 70 per cent (69*21 per
wages is, other things being the same, to increase the cent) of the value of all goods made in the State.
cost of production, and to increase the cost of produc- Hence the results may fairly be taken as indicative of
tion is to narrow still further the margin of profit or to the general manufacturing situation.
wipe it out altogether and convert it into a loss, the
Now what does this investigation of profits reveal ?
—
—
AND
—
,
1
1
—
—
,
only alternative being to raise the selling price of the The Missachusetts Bureau gives the percentagas separgoods, and that is usually out of the question.
It is ately for each of 64 industries, but we can refer to the
obvious, too, that the producer can not permanently individual iuflustries ouly incidentally in o le or two
work at a loss or go without a return on his investment, cases, and shall therefore deal simply with the averfor that means bankruptcy and starvation to him jnst ages based on the grand ag^rej^ates. First, what is the
as lack of
employment and wages means starvation
the laborer.
to
percentage of gross profits ou the 10,013 establishments
having $377,711,804 of capital invested and producing
•
—
THE CHRONICLE.
238
[Vol. LIII.
Oae is prepared for small net on another subject, but in referring incidentally to that
$466 933 053 of goods.
limited even the part of the report of the Massachusetts Bureau relating
nrofits but it is surprising to find how
v,. =e„f.=
fi.af "
u merely
,„.v»w
*" '>"^^— .«„.,.,f„.f.,,;^r,
» it
By gross profit is meant the differ- to cotton manufacturing, he states that
gross profit is.
"
the
Legislato
the
Committee
of
which
shows
stated
what
I
at
price
the
ence between cost of production and
^
,
received show
the goods are sold, and this the returns
price of the
selling
the
of
to be only 12-95 per cent
16-01
per cent
to
equal
cent
is
12-95
per
The
goods.
manufacturer
the
it
out
of
and
invested,
on the capital
" ture, that cotton manufacturing in New England is
" done without profit and for a very moderate rate of
The consequence is
"interest on the money invested.
" that no new mills have been put up, and that adverse
and all selling "legislation such as is proposed every year will cause
has to pay interest on borrowed money
of his "bankruptcy among the weaker concerns."
expenses, make allowance for depreciation
issachusetts manufacThe smallness of profits on
himmachinery, implements and tools, and reimburse
shown
by still another
strikingly
turing
is
industries
before
debts,
self for all losses incurred through bad
return
average
is figured on
which
the
statement,
in
return.
any
invested can receive
M
the capital
the basis of the average amount of capital invested by
each
partner in private firms and the average amount
at
the
arriving
In
also of what
It
of stock held by the shareholders in corporations.
in
conjecengage
occasion
to
no
was
there
result
gross
investment
of each of 12,558
average
appears
that
the
from
returns
the
kind,
and
as
any
of
estimates
or
tures
The Bureau undertakes
to
furnish an indication
the net profits are.
manufacturers were in every case certified to by one of partners in private firms in the 6 4 industries in the
the partners or corporation officials, that part of the State from which returns have been drawn is only
4-83 per cent
Bureau's work can hardly be regarded as open to ques- $10,701, and that on this the net profit of
In
other
words,
that is
of
only
$517.
income
yields
an
seeking
to
But
in
tion or subject to any qualifications.
manufacturpartner
in
Massachusetts
return
a
all
the
a
arbimake
necessary
to
became
obtain net profits it
ing concern gets for the $10,701
and the Bureau recognizes that
trary allowances for various items of cost and outlay,
in that particular the
for the time, labor
results are not as conclusive as in the case of the gross
ness.
money
invested,
and attention bestowed on
The average investment
and
his busi-
of stockholders in cor-
but 17,857, which at 4-83 per cent nets a
But the allowances referred to, while purely return of 1379 per annum. This, though meagre, is
ture.
arbitrary, were reached only after much consideration, perhaps not so unsatisfactory as the result in the case
profits,
and
where there
are
is
believed
no element of doubt or conjec- porations
be
to
substantially
of private firms, since stockholders in corporations are
correct
certainly as regards the manufacturing industries as a
whole, whatever the exceptious in any particular industry.
The allowances determined upon
ciation of machinery,
—
implements and
are for depre-
tools 10
per cent
^not 10 per cent on capital or selling price, but 10
per cent on the value of such machinery ; on the selling
For interest 5 per cent
price this is only 1-9 per cent.
has been allowed on the amount of cash and credit
capital employed,
equal to 2-15 of the selling price
;
and bad debts 5 per
while for selling expenses,
losses
cent of the selling price
the allowance in each case.
is
Deducting these various items a net profit equal
3*90 per cent of the selling price,
or
is
to only
4 -83 on the
not supposed to give their time and skill to the corporation's affairs.
It is well to note,
however,how small is the
—
amount of return in both cases 4517 per
Of course some
partner and $379 per stockholder.
partners and some stockholders make a great deal
more, but it follows from this that some make a great
The average gives a fair idea of the extent
deal less.
to which small capitalists and employers are interested
in industrial enterprises, and by inference also suggests the dependence of these small capitalists upon
their meagre return.
Making comparison between the
average per stockholder and per partner and the average of wages received by employes, we find that the
average
amount of capital invested, remains. That is, after employe gets an average of $362 per annum in the case
making proper allowances and deductions the manu- of pr.vate firms and of $333 in the case of corporafacturing industries of Massachusetts as a whole show
a net profit of not quite 5 per cent.
Of course
in a
number
of industries the
outcome
It
tions.
than
it
is
is' lower
embraces opera-
proper to say that thii average
otherwise would be because
it
both sexes, and minors as well as adults.*
But suppose that stockholders and partners were left
entirely without return
suppose that the amount of net
try is a comparatively small] one.
The more promi- profit remaining for them were distributed among the
nent industries those with the heaviest capital, or employes. What then would be the position of the
turning out the most goods, or employing the most latter ? It is evident, of course, that in some special
hands as a rule show only a very moderate percent- but small industrries the difference might be very
age of profit, and in some instances no profit at all if great.
Thus where an employer had only three
the deductions mentioned are made. The cotton goods or four hands on his pay roll, but was able through
trade belongs to this latter class, there being a net loss special skill and energy to
make $10,000 per annum,
is
tives of
much
better than this, but where the percentage of
profits is very large it usually happens that the indus-
—
—
—
of 5-77 per cent on capital
if interest, depreciation,
the division of this* latter sum with the three or four
taken into account.
la employes would add greatly to the average compensafact, in that industry, with $118,947,040 capif
m- tion of those employes. But such instances are rare
Tested (the Bureau has returns covering $101,844,949
and isolated, and they fail to reflect the general situaor 85-62 per cent of the whole) the gross profit
was tion. In fact, according to the computations of the
equivalent to only 2 -25 per cent in the year under review.
Massachusetts Bureau, if wages were increased by the
Of the 85-62 per cent of capital represented, 54-66 per
entire amount of net profits the only effect would be to
selling
expenses,
&c., be
*^^''^g« °^ ^^^^ employe in a private firm
!!!i?„^°^!!'^„.^«!T'°,f^tF'"°^^^"'^^"^*^P^"^"M'"a^^^^
mL
reported no profits at all.
There is no reason to ques- ^^^^ $362-23 to $399-70, and the average of each
tion the accuracy of these averages, but as
affordino- employe in a corporation from $333-22 to $4-22 -66.
confirmatory evidence of their correctness it is interesr.
In the same way the average of all employes, including to quote from a letter recently received by us
from ing those of both private firms and corporations, would
Mr. T. Jefferson Coolidge. Mr. Coolidge was writing
be increased only from $351-02 to $408-57— that is the
AUODBT
THE CHRONICLE.
22, 1891.]
239
average iidditioa would be only $57-55 per annum, or found the more useful since the stausticj cover a definite and uniform period, giving to tha compirisons a
say about a dollar a wook.
Go a step further now aud auppose the entire amount value and importance which they would not and could
As not have if the periods were irregular. Furthermore,
of (/ro** profits distributed among the employes.
the tabulations have the added merit of being pub>
is the ultimate of division upon a
would give the laborer everything lished within a comparatively brief timi after the close
above cost of production. The addition in that case of the period to which they relate, only about seven
would be quite substantial, amounting to I190'8-l. That weeks having elapsed since the end of the half-year.
The importance of this last-mantionei coajideration
is, the average of wages would be advanced from I3.J1 -O'i
to $541 •8<>,being an increase of say $4per week, and rais- will appear when we Siy that the Inter-State Coming the average of wages to $10-i2 per week (38-7'J merce Commission has not yet found it pjssible to
per cent of tlie employes in Massachusetts manufac- present its statistical report on United States railroads
tures now earn over $10 per week, the Bureau says). for a period now nearly fourteen months pajt
that is,
But observe what is necessary that this $4 per week for the year ending June 30, 1890.
It is necessary
extra shall be secured by the employe.
Altogether, we have full returns for the six months
(1) that capital shall go without return; (2) that the of 1891 and 1890 from 172 companies or systems, and
employer shall go without reward for his skill, energy in addition we have returns from 10 other companies
and services; (3) that there shall be no selling expenses or systems which have as yet reported only for the five
whatever; (4) that there shall be no bad debts, and months to Miy 31 in 1891 and 1890.
Tliis mikes an
aggregate
that
no
allowance
for
of
182
systems
incorporated
there
[shall
be
dein our totals.
(5)
preciation of plant, machinery, &c.
In a word, the The length of roid opsrated by thesa 182 system? is
case is not a supposable one, and the result is useful 110,365 miles, which may be said to be equal to about
the Bureau says, this
socialistic basis.
It
—
simply as furnishing further illustration of the narrow-
two-thirds of the entire railroad mileage of the country.
which would permit an It is proper to add that four of the 182 system? lie
addition of less than $4 per week even if 71,025 part- wholly or in part outside of the United States, namely
ners and stockholders got nothing and all the other the Canadian Pacific, the Grand Trunk of Canada, the
Mexican Csntral and the Mexican Jfitioail. la earnitems mentioned were ignored.
The Bureau presents still another statement to show ings the 182 roads cover more than two-thirds of the
what the result would be if capital and labor shared total for the whole country, since they comprise miny
alike
that is, if the 71,025 stockholders and partners of the larger and most prominent roads, with densest
were placed on an equal footing with the 419,966 trafiio and heaviest income.
If
we assume that
employes.
The effect in that case would be to reduce roughly the whole railroad system of the United States
the average of wages from $351 02 to $349 47, and to earned in the first six months 500 million dollars gross,
raise the average of each stockholder's and each part- we are probably in excess of the mark, since earnings
ner's income from $339 71 and $341 20 respectively to in the six months to June 30 are much lighter than
$349 47. As the Bureau says the result proves that in the six months to Dacember 31
our total for the
the average financial condition of the employe under six months is 387 million dollars, so that allowing for
the wage system is slightly better, taking manufactur- the four foreign roads included we have about threeing industries as a whole, than it would be if net quarters of the whole amount.
The following table
profits were added to the wages fund and the sum will furnish a comparison between the aggregates for
equally divided between
the employes and their the half-year in 1891 and those for the half-year in
employers.
1890.
The same table also gives the results for the
Such are the results of the investigation undertaken month of June, which is separately reviewed at the
by the Massachusetts Bureau.
Mr. Horace G. Wadlin, end of this article.
ness of the margin of
profit,
—
;
the Chief of the Bureau, says that these results have
been reached after three years of mathematical calculation in the office of the Bureau
also that no report
has called for more careful work, and that none has
January
June.
(128 riadt.)
1891.
1 to
June
30,*
(182 roods.)
lucreoM.
Incrente.
;
ever been prepared by the
Bureau
Gross eam'fl
50,619,690' 48,387,290
2.1S2,400;387,698,281 380,381.063
t
7,317,198
which every pos- <:)p«r. exp... 34,719,331 34,310,237
3,731,568
267,049,142
409,094J270.780,708
sible safeguard against statistical error was more rigidly
Net earn's 16,800,339' 14,077,033
3,585,8
1.723,306 118,917,553 113,331,921
applied.
Certainly the report forms a most important
Includes 10 roads for only five months.
contribution to the subject of wages and profits, and
The first point to attract attention in this compariboth on account of its thoroughness and its novelty it son for the half-year is that there is an increase as
should prove very useful to students of social science compared with 1890 in both gross and net earnings.
and labor leaders and reformers. It should also serve In the gross the increase is $7,317,198, or 1-92 per
to correct the erroneous views and
impressions which cent, which does not differ much from the ratio of inin
I
'
have so widely prevailed in relation to the extent and
nature of profits in the larger manufacturing industries.
K
crease in mileage, this being 2-68 per cent.
earnings the increase
The changes thus
COURSE OF ^'ET EARNINGS.
is
In the net
$3,585,632, or 3-16 per cent.
are small, but the important fact
that they are of a favorable nature.
When
is
the year
began it was supposed that the showing woul I necesOur statement of net earnings covers this time the
sarily be a poor one. since the outlook appeared very
nonth of June and the first half of the
current calen- unpromising, and it was known that the comparison
iar year.
For the latter period the exhibit is unusu- would be with very
klly
comprehensive, for it includes not only the roads
rom which we are able to obtain regular
monthly
etarns, but also a great many
others which will furHh returns only at longer intervals, embracing
some
•nte important systems.
The compilation will be
1890,
when
all
heavy earnings for the first half of
the conditions were most encouraging.
In fact our statement then showed an increase of about
35 million dollars in gross earnings and nearly 12- mill-
—
ion dollars in net
after an improvement, too, in gross
and net in the corresponding six months of 1889. It
—
.
THE CHRONICLE.
240
find that tlure
therefore an agreeable surprise to
off in 1891
falling
should have been in the aggregate no
further inthese largo totals, but rather a slight
the results
of
summary
a
Below we furnish
crease.
the six
and
June
for
both
past,
years
for a series of
months.
Net Earnings-
Oroas Earnings.
Tear
\
Increase or
Qiven.
Juiif.
1887 ( sar'ds) 35,831.835
18S8( Slr'ds) 39.020,452
1880 ( 97r'dB) 10.374.440
1800 (123 r'ds) 49.168,356
1891(128 r'ds) 50,619,690
JaiuKo J'll/1]
82,021.535
36.623,839
*8,387.290
Tear
Incr'ie or
Given.
Preced^g.
Decrease.
+3.810,350 12,582,952 10,395,220 +2.187,732
+2(494.813 12,ni,42.'> 13,748,230 -633,795
—31.636 12,517,872 12,898,200
40,406,074
44.245.849
Year
-180,588
+1.922,507 11.274,5U|12,777.720 +1.498,831
+2,132,400 16.800,359114,077,053 +1,723,308
8.239.138 81.028.463 -7,789,326
245,199.479! +10,539.628
281,252,741 +11,319,483 90,499.917 81.830,803 ^8.839,114
+11901381
309.773,591 +35.498.918 105190121 93.289.0SS
118917653 113331021 +8,685,632
380.381,0931 +7,317.198
It is interesting to note
that while the exhibit for
so good, the character of
the six months as a whole is
the exhibits for the separate months, as shown by our
monthly statements, was much the same. The sub-
joined table will
make
It will
this clear.
bs observed
that May was the only month which showed an
actual
and net earnings, and that even
falling off in gross
was not heavy. It will be observed,
too, that after an unfavorable result in that month and
rather indifferent exhibits in the two months preceding,
the statement for June, the closing month, proves to
be one of the very best of the whole half-year.
loss
GKOSS AND NET EARNINGS.
Month
Net Earnings.
Gross Earnings.
A\
No.of
Hoods.
1891.
I
1890.
llncrease \P.c.
1891.
Inc.orDec:\P.e.
t
«
3ta. (186) 50,008.280 46,208,836 3.857.444|8-3S 13.972.540 12.464,050 +1,508,484 ',12-1
t
I
such a
list.
«
GROSS EARjnXGS FOR SIX MONTHS.
Li,KOB INCREASES
$479,802
Canadian Psclflc
$1,697,292 Loulsv. N. O. & Texas.
443.24k
So. Pac'iflo (0 roads).... 1,016,822 Central of New Jersey.
407.49^
283.277 Giles. & Ohio
PUlla. AReaiUugRB...
360,032
643,817 Rio Qr. Weitem
Coal & Iron Co
>r. Y. Ont. &
348.200
340,022
927,091 Buff. Roch. & Pltt»
Total bom road 8....
305,400
874.525 Norf. & Western
111. Central
255,142
783,566 Manhattan Elev
•Nortliern Pacific
218. 36<;
693,39tj Mex. National
St. Paul
215,77.'i
604,567 Sar.Fla. & West
Atch and San Fr.an....
200,580
505,943 Burl. Ced. R. & No
N. Y. Cent. & Hud. KR.
W
LARGE DECREASES IN SROSS EARNINGS FOE SIX MONTHS.
Chicago Burl. & (5ulncy$2, 167,438 Del. <Si Hud. (3 roads).. $362,060
271,735
Union PaciHc (9 roads). 1,278.571 Pitta. Y.& Ash
222.073
483,100 C. N.O. & T. P.(5 roads)
Pennsylvania
434,645 Mil. L. 8. & Western....
217,162
•Gr'd Trunk of Canada
421,850
Lake Shore & Mich. So.
LARGE INCREASES IN NET EARNINGS
Bal.
So. Pacific (6 roads). ...$1,643,699
+16417577
2*8.064.118 215,367,389 +32,696.729 85,048,935 68,831,358
1887 ( 67 r'ds)
1888 ( «7 r'ds) [235,789,107
1889 (114 r'ds) !292.002.200
1800 (150 r'ds) 1345.272.509
1891 (182 r'd8)|387,e98,281
then the
is
I
Feb. (118) j45,317,064 43,481,391 1.832.670 1-21 12,346,957111,492,857
+854,100743
Mar.
+106,082,0-87
393,83l|o-76 16,038.284ll6.929,322
(140) 53,049,806 52,666,1751
Apr. (136) '52.087,842 52,901.038|
May (131)
016
+100;872 344
88,806
lo.!»06.246[l5,381,072
+o24,574'3-4l
-608.783 3-49
16,783,B8l'l7.S90.886
53.140,.398l56,313.271
Jane (128) 50.519.69ol 18,387.890 2.132.400 4-41 16,800.359114.077.053 +l,723,30Cil2-J
Here
show notably large changes.
their net earnings
is
from
[Vol. LIII.
Canadian
Chesapeake
Phila.
&
&
Ohio
Readini?
EastTenn. Va. &Qa.
..
•Northern Pacific
Sav. Fla. & West
Central of New Jersey.
& Qulncy
& Albanr
& Hudson (3
DenTer
*
&
Reporting for only
Even
226,04t>
225.315
205,899
195,8GK
195,741
185,867
Rio Grande Western...
St.
Paul
Mexican National
Mexican Central
Illinois
170,71 s
Central
IN
...
390,002
372,530
five
months.
roads)
Klo Grands.
$268,891
.
|
Boston
Del.
(2 roads).
NET EARNINGS FOR SIX MONTHS,
$324.56
$573,969 'Grand Trunk..
519.385 Union Pacific (9 roads).. 268.014
LAROB DECREASES
Chic. Burl.
SIX MONTHS.
F.")R
& Ohio
Louis. N. O. & Texas...
N. Y. C. & Hud. E
731,148
365,262
361,467
339,563
320,289
309,727
299,509
Pacific
.
Pitt3l)urg & West. (3 rds) 211,131
Mil. L. 8. & Western
137,777
the fact that
in this statement,
the
large
increases greatly exceed the large decreases, both in tlio
gross
and net earnings,
case
of
And
the same fact
is
discernible
is
worthy of remark.
when we
consider
all
changes, of whatever nature, large or small, for it is
found that while 63 roads report a decrease in gross earnings the present year, no less than 119 report an increase,
and while 83 have a loss in net, 100 have gains. Ii;
amount the Burlington & Quincy has suffered beyon^
any other company or system, having lost $3,167,43"
When it
in gross earnings and $573,969 in net.
i
remembered that the Quincy is the largest corn-carrying road in the West, and that the corn crop in its ter
season was a failure, the reason for this
The fact that thr
distinction becomes apparent.
ritory last
!
decrease in net earnings
f Deorease.
is
,so
much
less
than
tl,
which prevailed during these decrease in gross gives prominence also to one othci
BIX months, they were reviewed in our article on Gross circumstance that has been a feature of the year's
Earnings in the issue of July 11. It is not necessary results namely, the economy in expenses which many
to go over the same ground again, so suffice it to say roads have practiced, and which was made possible in
that what with short cereal crops (season of 1890) and not a few instances by the heavy outlays for repair.';,
diminished grain traffic, the financial panic last renewals, improvements and betterments which wei'
autumn acting as a check on mercantile enterprise, charged to expenses in 1890. The Baltimore & Ohiofui
As
to the influences
—
-
the Connellsville coke strike, the depression in the iron
trade and in other mining industries, the falling off in
nishes a case in point, for while that road appears above
among the roads with large increases in net, its gain
ore shipments, and the quietness of general trade
what with all this, the conditions were quite unfavora-
of $268,891 for the six
months
follows entirely from
reduced expenses, as the gross receipts were $156, 9i;
ble on the whole.
About the only circumstance of gen- less than in the half-year of 1890. Still more strikiiiimportance operating in the other direction was the is the case of the Pennsylvania Western lines, though
better basis on which rates were placed and maintained. these cannot be included in our tables, since neithei'
Southern roads had the advantage of a very much the earnings for this year or last year are furnishedlarger cotton movement, but this was offset by the only the differences between the two.
But it appeai
decline in the price of cotton, which together with the that with a decrease of $1,193,528 in gross earnings foi
depression in the iron trade (and which affected the six months there was an increase of $309,960 ii
adversely the roads running through the mineral net.
The Eastern system of the Pennsylvania show
region of the South) served to bring about a reaction
$483,100 decrease in gross and $31,835 increase in net
from the boom which the South had enjoyed for so The Pennsylvania suffered from the Connellsville cokt
eral
many
years.
If the effect of these various circumstances
strike, the depression in the iro« trade
grain movement.
The Union
and the
smallei
shows $1,278,571
been very marked on the grand aggregate of
earn- decrease in gross and $268,014 decrease in net, and ir
ings, their influence is clearly seen in the
returns of this falling off last season's poor crops in Kansas anmany of the separate roads. For be it observed that Nebraska have been the principal factors, for both tlithere is considerable irregularity as between the
returns Oregon Navigation and the Oregon Short Line recon
of different roads— some record a decided improvement
noteworthy gains. The loss in gross and net earning
has not
in results, others are as distinguished for
unfavorable
Perhaps this difference is best illustrated
by
giving a list of the roads which either in their
gross or
results.
Pacific
on the Milwaukee Lake Shore and Western, the Pitts
burg Youngstown & Ashtabula, and presumably in par
also the loss on the Lake Shore, follows from the fall
—^
J
LCausT
.
..
...
..
THE CHRONICLE.
83, 1891.
241
shipments of iron ore. Tlie loss of half shipments and a variety of other causes. It is note*
worthy that the trunk line group of roads shows better
ti million in the not of the Boston & Albany has no
The Lake Shore, the
significance, since it was caused entirely by heavier net than in the year preceding.
expenses, which may be supposed to represent extraor- Nickel Plate, the Clev. Cin. Chic. & St. Louis, the Peoria
ing
off in the
dinary outlays for improvements, &c.
When we come to the roads with largo gains, the
roads
I'acific
— or more particularly the Canadian and
—show very noteworthy improvement.
Southern Pacific
Traffic
on these roads
is
growing
the time, and in
all
the case of the Southern Pacific a special favoring
circumstance has existed the present year in the
absence of snow blockades, which in 1890 so seriously
interfered with the business of transportation on its
The gain on the Canadian
lines.
Pacific for the six
$1,697,292 in gross and 731,148 in net, and
on the Southern Pacific system $1,016,823 in gross and
The anthracite coal roads, like the
11,643,699 in net.
months
is
Reading and the Central of New Jersey, likewise have
showing is different on the Delaware
& Hudson lines), and some of the Southern roads are
These three classes of
distinguished in the same way.
roads namely the Pacific roads, the coal roads and the
Southern roads also appear to best advantage in the
comparison with last year when the roads are classiWe give further
fied and grouped in our usual way.
half-yearly
results
article
the
for each road
in
this
on
tinder the different groups, but present here the totals
large gains (the
—
—
&
Eastern, and the Michigan Central are the only
is small as a rule.
The
ones with losses, and the loss
Grand Trunk of Canada, however, which appears at the
end of the table among the roads which have reported
only for the five months has quite a heavy loss.
JUHE
JAK, 1 TO
I'.
C.
St.
.t
Gross Earninju
J'ln. 1 to
July
t
1.
«
Trunk ltDe9..(l% 111,100,252 111,344,481
Mid. Wesfn.iSai 21,103,831 «0,U2,20fl
Northwest'adl) 34,898,11* 30,229,469
8outhwe9t'ii..(9) 28,845,407 28,428,677
I'aclnc roads (20) 51,476,420 52,842,949!
South'n r'ds.(35l 38,938,713 36,881,261
Coal conip'»..(17) 38,570,368 38,908,727
Ea9fn4Mtd(37) 33,082,810 32,021,392
Moi'nroad«..(2i
5,465,813
6,088,650
1
1890.
$
t
32,797,873
5.872,427
11,086.870
33,108,916
6,736,2.58
10,881,061
7,657,085'
17,285,441
8,276,6.'W
14,898,865
12,5r4,S10
10,858,385
10,994,071
10,833,839
9,650,173
8,838,735
1,809,321
1,427,713
+2.385,570t 10-01
+1,615,815' 14-76
1-48
+180,232
2-22
-219,680
+381,608 28-73
+3,673.926
3-47
-88,291
1-21
(id.tot. (I82)rd's 387,B98,2til 380,381,083 118,917,663 113,331,921
+3.585,632
3-16
mos.(10r'd8>
23,110,713
22,615,348
7,220,972
Mileage.—The mileage
for the above groups Is as follows: Trunk
—1, 16,321 miles iu 1S91. azaiust 16,141 miles in 1890; Middle
-tern, 8,993, against 8,759; Northwestern, 16.76B, against 16,604
itliwostern, 11,880, agiinst 11,668; Pacific roads, 2i),613, against
IJ9; Southern road.s, 13,238. against 12,474; Coal Cos., 4,434,
rinst 4,3i4; Eastern & Middle, 4,917. against 4,861 ; Mexican, 2,74.7,
iinst 2,745; total, 99,910, .agaiost 97,715, Mileage of roads given
rnr five months is 10,45.5, against 9,763, maUng a grand total of
110,365, against 107,478 last year.
;
Besides the roads in the Pacific group already re-
Grande AVestern deserves mention^
road as the result of the opening of its standard
gauge trans-Continental route having increased its net
t
Iiat
from $179,443
In the Southern group
the heaviest gains are supplied by the Chesapeake &
to
$385,342.
Ohio, the East Tennessee, the Louisville
&
Texas, the Savannah Florida
;
Orleans
&
Western, the Jack& Western.
The principal losses come from the Cincinnati
.\ew Orleans & Texas Pacific lines.
The Southwestern group, the Northwestern, the
-Middle Western and the Eastern and Middle all show
reduced net.
In the case of the Northwestern group,
sonville
.
New
Tampa & Key West and
the Norfolk
however, some of the roads present very good statements, the heavy loss on the Burlington & Quincy con-
strolling th« result as far as the
totals
are
t
2,.5Sa.308
3.'i7,lW
885.799
2,072.3 !8
719,1*2
108,.'S64
,923,8.'>0
8,911,396
1,830,000
6.809,255
561,288
4,825,949
638.483
9.008.088
1,448,200
_,,843,000
19,1,801,493
2,,73:).699
13. 721.377
1.,980,460
31 9.->8.611
083,181
2,198,303
221,839
2,905,291
1.875,000
6,581,9.'>0
612,028
Inc. or Dec,
t
+210.212
.f28.«U
-125,»7«
-112,775
-23,896
-45,000
+225,318
-47,7*9
+4«,a»
4,579,657
501.255
+37,228
8,976,2.51
+81335
1.391,138
+67,064
tnavr JValrrn—
* West Mich....
(Tile.
Cln. Jack. A Mack...,
ClD. Lebanon & No.
.
Akron * Col
•^lev.
Cleveland
Cleveland
Col.
Col.
*
...
Canton..
A Marietta
Hook. Val.
,t
Tol.
Shawnoe A Hock.
Dot. Bay City & Alp.
Det. Lansing &. No
Klfrtn Jollet A East..
Flint A I*ore Marq
Ur. Ran. A Indiana...
Cln. R. A Ft. Wayne
Central
Illinois
Ind. Decatur A Qaln..
Iron Kallway ... .....
Kanawha A Michigan
A
L. B. All.
Southern.
Lake Erie A Western
A Chlo.
concerned.
Thuj the St. Paul has a gain of $195,868 and the Burlington Cedar Rapids & Northern a gain of $131,993 ;
in fact, out of 14 roads in that section 10 show improved results. The Milwaukee Lake Shore & Western
has a heavy loss on the contraction in the iron ore
shipments. In the Middle Western States Michigan
roads as a rule have done poorly because of smaller ice
.
1891,
t
1.607,591
14,780.587
Quincy.
Chlo. Burl A
Chlo. Mil. A St. Paul.. 12,307,805
56,034
Des .Moines A North'n
A
Duluth
Iron Range.
Keoknk A Western..
A Wosteru.
Milwaukee A .\orth..
Mineral Range
Mil. L. S.
—
A
M.
Quincy Omaha A K. C.
St. Paul A Duluth....
.Minn.
Minn.
St. Louis
St. P.&S. S.
. .
34,998,114
1891.
Southwfistprn—
t
Atoh. Top. A Santa Fe 14,872.353
816.058
Roads f'tly owned.
3,038,114
St. L. A San Fran...
Roads j'tlv owned.J^
Midland
,t Rio Grande
''olorad"
Denver
Kan. C. Ft. S. A .Mem.
Kan. City Clin. A Sp.
Current River
Total
8-i8,924
987.855
3,817,191
2,231,502
118,318
75,034
(9 roads).... 28,815,407
1891.
—
Paclflc Systems
Canadian Pacific
t
9.031,466
1.838.312
58.188
Pres. A Ariz. Central
1,118,478
itio Grande West
385.249
San Fran. A No. Pac.
South. Pac.— Pac. syst 18.877,836
2,023 876
Gal.H. A3.
419,872
Louisiana Western.
Morgan's La. A Tex. 2,593,112
83,426
N. T. Tex. AMex...
740,415
Texas A N. Orleans.
tJoion Pacific3,702,180
Or.S.L. A U.N
2,571,133
Oregon Ry. A Nav.
U. P. Denv. A Gulf. 2,474,568
385.7.32
St. Jos. A Gr. Island
9,802.195
All other lines
308.985
Cent. Br. Un. Pac...
107.439
Montana Union ^..
7.238
Leav. Top. A S. Vf.ii
9,909
Man. Al. A Bur. H-
Oregon Improvement
A
54,476,420
1891.
»
26,811
Rlrm. A Atlantic
93,294
IJlr. Shoir. A I'.
283.167
Cape FearA Yad. Val.
Total (20 roads)
.
.
Southfm Roads—
R
Charleston A Savan..
(Ilattanooga Union..
Cheraw A Darlington
419,70.)
Tex. Pac.
47.016
62.8J9
4,015,445
2,051,401
Ala. <>reat Sontlferu
907,.564
—
612.415
293.127
283,191
8,457,301
740,728
905,386
359.012
Chesapeake
an. JT
O.
A
A
Ohio
.
New Or. li Northeast
Ala. A Vleksburif...
Vlcks. Shrev. A Pao.
H. Tenn. Va. AGa. ...
Florida Central A Pen
(ieorgla
(.eitrgla So. A Fla
Chicago
41 .893
8*).583
043,683
114,908
630,420
23,423,577
1890.
J
7,657,095
1891,
«
83..581
833,132
8,523,.560
1,886,386
2,638,616
741,101
11,132.075
681,1-33
211.173
7.413
8,479
52,842,919
1890.
1,129,983
71,190
769,371
+274,128
+617,331
-306.312
—243,324
—603,625
—183,106
+46,028
3t8.8:)0
1,401,108
718,521
403,059
57,637
3,123,447
4,8)4
23,782
def .8.871
def.3,286
17,285,441
1381.
«
89.246
98.187
218.548
388,892
6,388
30,910
106.138
64..>48
14,252
19.000
B81.104
810.000
285,421
128,000
44,129
62,000
1,808.400
206,281
274,641
100,990
def. 1.9.58
211.735
3.338.516
611,285
811,893
331,033
419.498
Louisville .t .Nashville
Louis. N. O. A Texas.
Loulsv. St. L. A Tex..
.Memph.A (Charleston.
9,180.354
1,745,729
213,124
351,340
9.130.817
1,236,927
182,268
763,316
865,275
Mobile .t Ohio
Nash. Chat. A St. L...
New Orleans A Gulf.
Norfolk A Western..
1,712,630
1,888,806
85,603
4,277,940
801,062
1,596,336
1,709.636
74,165
3,873,474
283,386
$ „
+731,148
+31,625
—13,538
+206,899
+37,398
+31,699
-148,068
-172,303
+23,308
—83,260
6.473.188
$
47.858
3,807,947
2,130,115
930. 540
617.195
330,034
270,887
3,610,687
—619,543
Inc. or Deo
+2,010,698
261,888
24,140
385.313
104.711
1,918.017
638,445
2,626,773
8,276,838
1890.
+172,5TS
-123,988
+25,531
-129,271
—54,337
—372,530
—81,382
—61,488
-14,605
311,101
278.585
130.197
715,818
643,315
def. 2,185 def. 21.474
304,039
277,779
2.951.522
3:11.091
16..587.583
(
4,285,934
111,831
1,144,191
138,853
298,011
1,530,710
651.220
91.602
'
31,444
2,223,374
230,283
37,676
179,443
87.315
4,462,490
7,334.173
59,918
783.414
-203,306
11,083,370
1890.
Inc. or Dec
$
2,0l7.9-'3
Jacksonv.T.AK. W..
OUo.Hlrcr
28.8 )7
239,815
301,488
38,785
218,137
38,339,469 10,881,064
1890.
1891.
I
$
4,458.452
11,492,498
8)1.199 det. 12,357
1,169,715
2,895,878
788,308
dot. 418
213,704
916,718
1,158.181)
3,830,853
68),8 17
2,350.787
203,918
33,113
83,421
18,839
31.1.50
.t
+25,.388
-157,777
+40,900
+3,800
+52,699
+52,302
+7,914
+87,760
273.785
17.8.)5
(iulf
+131,993
-573,969
+185,868
+7,281
—49,032
—30,398
5,017,615
3,507,833
17.114
11,713
178,019
71,812
491.131
5,105
181,751
l.SU,-271
777.330
81.035
715,083
913,986
122.738
748,136
Inc. or Dec,
t
463.616
7.11,676
Ii>wa Central
-136,169
6,736,258
1891.
21,103,831
Nnrtliwe'itern—
Burl. Ced. Rap. A No.
Total (14 roads)
ferred to, the Rio
1890.
2,7 78,1550
Total (12 roads)...;
Total (28 roads)
P. V.
(
0-05
+311,243
2-32
—136,169
1-85
-205,306
-819,513
718
7,309,288
Tot.. (172) r'ds 361,587,548 357,835,715 109,696,581 106,022,656
5
7SS,.Vi5
9.502,000
6,965,000
Y. Cent. * Hud. K» 20,110.444
.•«. T. Chic* St. L....
«,928,814
X Y. L. H. * We»t... 1S.;85,9-?1
1,9;8,476
Ohio* Mississippi
31,476.411
PttnuHytvanla
6,046,992
WalRsh
:t.
,772,000
750,^51
,274,214
»
Tol Peoria A Western
Inc. or Bee.
1891.
L
8,728,750
2.«38.83«
6,260,989
1891.
I'lttsb.l'oungs.A Ash.
San. Tub. & Huron
Tol. Col. A Cincinnati
Tol. A Ohio Central..
Xet Earnings.
1890.
1891.
—Ifet.
1890.
t
Peoria A BaMtem ...
LakeSh. A Mich. So..
Mloh.Cont. ,t<'an. So.
I'OUIs. N. Alb.
for the groups.
1891.
n«It.*0.H;astOh. RlT
West. Ohio River...
C1»T.
-OroM.-
30,
Tnink Unfs —
170.0.59
384314
86,881
187,011
6rM,S07
747.371
3,727
1,321,944
U)O,07«
300,981
3,627,072
187,910
def.22.216
def.9.543
det.3,262
+872
14,899,336 +2,385,576
1890. Inc. or Dec.
$
-0.771
13.157
29.124
101,240
120,930
21,278
+1,816
+-»,88«
+49,729
-7,088
7,340
+ii,em
614,812
+S66,itt
-81,000
+18,609
-49,000
—21,871
+57,000
+839,588
+72,818
+31,041
-17.749
-4,620
+125,011
691,01)0
218,912
177,000
68,000
6.000
968,837
136,066
24.3.500
118,739
2,682
88,734
8,371,783
188,796
77,007
«08,349
503.S42
e6i,««s
4,903
i,«eo.8»a
U1.788
-,3,276
+2i6,0«»
+18,874
-21.838
-L»SB
+101,648
-«),81»
—
3
.. .
..
.
THE CHRONICLE.
LARGE INCREASKS
-mt. —
242
JiL».lTOjDNE30.
-Orosi.-
--
^^^
*
Soulh. Road'.-Cont.Petflrebarg
Rich. Fred.* Potomac
*
Blchm.
397.913
Petersbaw.
9aT. Am. »Mont
•avan. Klor. 4 West.
South Carolina
IS"!^,
^}?'J^^.,
Wash. Southern
* TeQalUe
Wright*,
11] .018
1,533,660
693.312
231.88?
1.748.435
.
Coal Companies—
Rooh. t Pitts
. .
New Jersey
Central of
D. * H., Alb. * -as..
N. Y. * Canada
Ranss. A 9 ir*tO!ia
.
Blug.SN.
Y....
N. T. Sas. & Western.
PWladel. « Raiding..
Coal t Iron Co
Plttabnrg* Western.
1891.
t
1,315,728
%
975,708
%
433.523
».505,2(!8
6.062.0-30
1,8)6.118
1,837,140
583,762
1,2J8,819
^,487,818
402,685
2,699,873
851.033
81,583
8,4:<8.830
673,457
210.110
135,523
818.561
Pltt«b. Clev. & Tol.
Pitta. Pain. ,% Falrp.
Lykens Valley
Y.
& Penn
W«»t Va.
C.
iS*-*?!
1,676,014
547,443
,
....
* Pitts.
Total (17 roads)
.
. .
38,570,358
.
1891.
$
Eastern and MiAWe—
13,186
Addison ft Pennsyl..
82.351
Adirondack
1,168,173
Allegheny Valley
811,903
Bait. ftPjtomae
101,317
Bennington « Rutl'd.
4,434,378
Albany
Boston &
Bos. Kev. B'h. s Lynn
Bos. Wlnth. ,t Shore.
Brad. Eldred. k :uba.
Brooklyn Elevated...
Camden % Atlantic...
Cent. N.Eng. ft West.
Connecticut
_ ttlver.
18,.559
18,890
833,633
301,210
395.815
518,277
3,307,318
Fltchburg
432,r.35
Kin«9 County Ele.
Lake Champ. * M
Lehigh ft Hal. River.
Mwibattan Elevated.
N.Jersey i New York
New liOn. Northern
69,195
201.083
6.029,091
130,129
281,371
2,918,417
234,386
108,392
1,383,937
3,176,803
353,072
3,760,671
20,870
133,133
683,772
269.893
118,103
13,078
150,101
158,171
71.279
628,620
.
Y. ft .V. England...
Y. ft N'orthern ....
Y. Phlla. t Norfolk
Y. Ontario .« West.
Northern Central
Ogdensb. ft L. Cham.
N.
N.
N.
N.
Old Colony
Plttsb. Mar. ft CMC...
Pitts. Shen. ft L. Erie
Prov. A Wr)reester. ...
Southern Central
Staten Isl. Kap. Tr'st.
Stony aove ft Cts. Mt.
Tioga.
Ulster ,t Delaware
Wallklll Valley
West Jersey
Total (37 roads).
819,7M
10,8 13.839
1890.
t
t
8,765
20,953
437,860
223,515
def.41,143
3,256,944
350,980
3,661,368
18,175
124,344
731,773
229,689
422,832
12,830
136.582
161,783
69,603
616,808
33,021,392
1890.
«
1,606,336
159,789
t
1,358,338
1,830
5,079
def.1,173
393,116
def 1,681
8f,745
32.122
783.439
137,733
.
12115
81,933
2,135,124
def.11,013
73,144
885,49.)
36,667
77,359
285.292
967,919
75.818
712,394
3.179
45.533
191.036
13,549
104,400
def.3,324
69,057
16,453
$
8,128
26,781
481,928
187,755
27,366
1,777,723
def.6,661
1,073
2,173
858,367
10,808
73,369
34,019
883 930
8!,004
11,401
73,108
2,336,935
def. 3,103
17,903
878,171
11,184
61,130
187,078
907,201
78,383
639,280
1,701
-87,683
-141,631
-155,783
+10,922
-14 073
+28.525
+384.187
-57,098
+31,760
-68,497
-619.385
+11,194
+1,006
-3,616
+3:<,07»
-12,469
+13,376
-•
9,850,175
9,839,735
1891.
1890.
*
8,10J
-100,.5U
+51,729
+6(1,718
-3,494
4113,114
+476
-1,8'!;
-38.121
+8,033
-1,813
+1,(61
+36,1^8
-1,310
+18,012
-32,019
-219,580
Inc. or Dec.
S
$
+185,867
+196,741
1,247,051
663,270
1,061,181
386,539
5,483,813
5,068,850
1,803,321
1,437,713
+381,808
Total (172 roads),. 36475377548 357,835,715 109,696,531 106,03,i,6j5
+3,673,024
Total
.
.
(2 roads)..
Btait Tfvorlina
onlu 5
for
Mowha—
Bait. ftOhlo S. W....
0. O. ft Southwest.
.
. .
Des Moines ft N^rthw.
Grand Trunk of Can..
Chic. .t«r. Trunk...
Det. Or. Hav. *M.,
Northern Paciflc
Alt.ftT.H. Brhs.
WTieel. * Lake Brie.
it. L.
.
Wisconsin Central....
1891.
t
912,666
908,139
1891.
?
l>21,617
79,277
7,137,915
1,686,383
152,115
8,808.099
562,328
493,111
1,900,121
Total (10 roads)... 23,110,713
Grand
1800.
778,460
86,758
7,872,690
1,688,310
139,776
8,024,733
484,865
150,132
1,897,878
22,.515,318
1890.
t
809,101
245,753
SO.Sll
1,838,683
375,805
81,150
3,319.641
212,264
185,082
623,380
7,230.972
Inc. or Dec.
X
$
—2117
—29 079
311,.'il8
271,83i
32.889
2,183,230
-2 078
-321365
-9 995
+8 005
385,rt00
74,815
2,999,332
205.747
179,690
681,513
+32o'>89
+8.317
^6392
-59;363
7,309,268
—88.35)4
total 182 r'ds). 387,898,201 383,381,063 116,917,553 113,.331,921
+3,385,830
Rome Watertown
For the month
ft
of
Ogdensburg for the »U months
June the exhibit
Cedar Rapids & No.
Canadian Paciflc
Klo Grinde Western
St Paul & Duluth
ol. H. Valley & Toledo.
Louisv. N. O. & Texas
|
48,688
48,216
&
53,579
53,697
46,144
43,448
43,389
41,805
$42,987
18!667
1
Ciu. N. O. & T. P. (5 r'ds).
Pitts.
Western (3 roads)
71 ,974
Burl.
LARGE DECREASES IN NET EARNINGS FOR JDNE
.$403,781 Phllaaelpliia & Readini
Union Pac. (9 roadsl
Coal&IronCo
74,391
Denver % Rio Grande
(
61,654
Total botli roads
1
When
the roads are arranged in groups the encouraging character of the exhibit becomes still
the SouUiern, with $486,415, or 3o'53 percent (chiefly.
however, by reason of the exceptional gains on tin
Chesapeake & Ohio, the Louisville & Nashville and the
East Tennessee); the two Mexican roads have $130,018, or 77-46 per cent, gain.
In both years.
as already said
very favorable, there being an increase of $3,133,400
and of $1,733,306 in net, and this
follows quite heavy gains in the corresponding month
of the year preceding, making the result all the more
is
in gross earnings
Net Earnings.
Gross Earniii'is.
Ji(n«.
1891.
1830.
$
»
13,565,422
3,804,938
12,038,178
5,718,930
6,431,170
r'd8.(321
5,539,310
9,813,166
5,333,379
Coalcomp'9..(12)
Easfn ft MldllS)
5,911,711
5,798,851
1,685,066
1,503,343
Mex'nroaa3..(2)
874,839
700,511
Tot. .(128 r'ds)
60,519,690
48,387,200
15,800,359
Trunk
llnes..( 8)
Mid. West'n.(23)
Jforthwest'n (11)
Southwe3t'n..i7)
Pacific roads (20)
South'n
3,257,838
4,781,692
1,405,630
9,827.981
Inc. or Dec.
1890.
1891.
t
3,599,289
083,110
1.931,361
1,453,387
3,175,003
1,835,613
1,758,193
603,513
371,981
»
P. C.
19-04
t
+698,520
+13,343
3,000,769
949,807
1-39
1,508,430
+113,9111 27-37
1,309.623
3,591,359
+313,681
-118,656
1,389,198
+183,115' 36-53
20-0.1
1
3-25
-64,553
1,830,711
3-.31
6-19
+30,ai3|
171,870
151,948
+120,018
77-46
11,077,033
+1,723,306
12-21
NOTE.— INCLCDED UNDER THE HEAD OF—
Sou(/iuie.<tem.
Trunk Lines.
Atch.Top.A Saata P'e Sys.
B. ft ')., East of Ohio.
Roads jointly owned i^.
B. ft O.. We-it of Ohio.
St. L. & rtan b^ran. sys
Ulev. Cin. Chic, ft St. L.
R'iads jointly .iwn. >i.
Peo. A B istern Dit.
N. Y. Lak.) Krle ft "Vest'n. Colorado .Midland.
Denver ft Rio <4r.
Ohio ft Mtsssissipl.
Pennsvlvaii a.
Kan. C. F . <. ft Mem.
Pacijic Hoads.
Wahash (conaol. system.)
Canadian Pacific.
Middle Western.
est Mien.
Chic. 4
Cleveland Akron ft Col.
Cleveland ft Canton.
Clevela d ft vlarletta.
Col. H. V.il*Tol.
•
Oregon Imorovem't Co.
A Ariz. Cent.
Rio Gi-andrt Western.
Prescott
San. Pran. A North. Pac.
So. Pac— Pac. System.
Qal. Har. ft S. A.
Louts. Western.
Col. Shaw. » H.
Morg-An's La. A T.
net. «aj City « Alpena.
N. Y. Tbx. ft Mox.
Det. T.an8. ft Mor.
Texas A New Orleans.
BlEln Joliet ft Eastern.
Kill. t A -"ere vlarq.
Dntoo PaciflcGrand Rauids ft Indiana. Ore. 8h. L. ft Utah Nor.
Oreifon Rv. ft N iv. Co.
Cln. Rich, ft H't. W., fto.
Illinois Central.
Union Pac. Den. ft Gulf.
St.JosBOM ftGran-i Ul.
Ind. Deciturft West.
M
Kanawha
Includes
VV.al)asli
.
+7U
3,203,511
1,830,139
.
300,471
237, o64,
206,188
203,990
136,139
110,102
Chesapeake & Ohio
Louisville & Nashville... 106.307
Baltimore & Ohio
97,957
'8.8>6
+98.123
-7,911
+25,311
+7,035
-4,597
+1!,929
+98.316
229,190
34,517
109,343
def.1,985
33,871
47,792
4,393
163,878
23,6.38
$81,806
.
Penn-svlvania
East Tenn. Virginia &Ga,
St Paul
SoutU. Pacific (6 roads) .
N. Y. Lalce Erie & West..
—31,:>69 more apparent, for then we see that only two groups
record any falling off in net, namely that containing the
The
Pacific roads and that contaiining the coal roads.
trunk line group has done remarkably well, having a
19 '94 per cent, and so have the
+160,332 gain of 1598,520, or
Inc. or Dec.
Northwestern group, with 1413,911, or 21-31 per cent,
t
+3,337
gain; the South western, with 1343,664, or 30 -06 percent:
-5,812
60,:3S9
131,837
IN NET EARNINGS FOR JUNE.
AteMson and SauFran. .$340,63 J Mexican Central
-137.759
-43,142
—30,910
+88,151
+1,403
—98,981
+34,315
3,387,338
2,078,505
.
•
28),0:)0
1891.
1,0M.737
33.032,810
1891.
Mexican Rott'ds—
Ueztcan Central
Mexican National..
209,217
438JM
10,994,071
101,724
13,839
20,977
833,483
308,338
237,039
523,048
3,297,778
381,218
69,8 lO
163,996
1,773,919
118,615
267,378
2,798,296
263.688
406,049
105,139
<
—34.591
+33,643
+309,727
-28.380
+33.710
+2,802
7.i8.30o
1890.
4,370,ii81
44,l>10
10,95»,395 +1,815,846
1890. Inc. or D(C
9
+76.718
348.774
+299,509
3.400.336
36,903.727
60,578
81,021
1,193,499
829."98
117,338
-9.214
2,482
16,683
1,69>,1-M
173,842
391,239
3,888,98a
4,353,45 J
9,661,527
7 703,003 def.3ia,735 def.287,188
315,231
177,183
708,139
11,538
2,096
234,010
33,9.8
2,008
133671
43,104 def.41,046
463,136
def.5,978
def.4.578
431.608
519,213
462,231
1.701,846
115,870
180,115
423,680
710381
9,»tl80t
Summit Branch
wTn.
12,374,210
1890.
430,723
1,070,830
3,549,385
38^,183
753.9i8
D.L.iW.,N.Y.L.lW.
Syr.
41,303
36,8il,384
Total (35 roads)...
Bair.
U0,323
1*"'%'*
46.336
.
»
112,014
154 811
58,777
61,497
317,653
253,529
102,770
158,-51
24,183
87,140
827,383
235.149
3«,192
19,484
283,930
376.813
178.377
280.9i>8
Inc. or Dec.
1890.
1891.
1890.
[Vol. Lin.
Lake
Lake
chlffin.
ft
E. Allian<^e ft So.
W^'stern.
Louisril e .\. <lti. 4 Ohlc.
Pltisb. y<iu 1^8. ft >8h.
Sag. Tusco. ft H'lron.
l*>ie ft
Petersburg.
Rich. ,t Petersburg.
Siv. Amer A .Mont.
South Carolina.
Waih. -outtiern.
Wnghtav.
Caal
C
lal
Reading.
ft
A
Pitts.
New .lersey
A VVe-it.
Central of
N. Y. Sua.
Phlla.
TenniUe.
ft
Iron Co.
P ttsburg A Western.
Pittsburg C.
Plttiburg P.
A
Tol.
ft
F.
Leaven, r p. ft S-iuthw.
Man. Alma & Burl.
Souttiern HdoOs.
West
Cape Fear
ft
Cheraw A Darlington.
Cln. N. O.
ft
Ohio.
ft Tex Pac.
Alabama Great -^o-ith.
New
Orl.
Alariama
ft
ft
N
Va. Central.
mastern ft Middle.
leny Valley.
AUeg
Camden
Lehigh
ho. nil.ft S» Paul.
D^8 Jlnlnes ft N. West.
Ches.
Lykens Valley.
Western N. Y. 4 Penn
B.iiTlmore
Vad. Val.
ChattanooK' Union.
Burl. Cedar Rap. ft Nor.
t.tuiiicr.
Ohic. Bun.
Keokuk ft Wei ef-n.
Mllwau <ee A Northern.
.t
Coinnanies.
Roch.
Buff.
Summit srancn.
Toi. Peoria
,!!
chlcaKO.
N .rfolk ft Western.
Ohio River.
Ohio Val. of Kentucky.
.
Blr. A Atlantc.
Bir. shefl-. ft T. a.
Sorthmestern.
ft
ck. Tampa .» K. W.
Louisville ft Nashville.
Louisville N.O. ft Texas
Louis, -^t. Louis ft Lex.
M- mphis ft Char.
Nash. ('hat. A St. Louis.
New Orleans A Gulf.
J
All other lines U P. sys.
Central Bran^-h U. P.
Montana Union.
Toledo Col. ft Cln.
Toledo 4 Ohio Central.
ft ^V.
Gulf
irtiieast.
New
Potomac
ft
Ar.lantic.
ft
ft
Yorit
Hudson.
«
.v.irthern.
N. V. Ontario 4 West.
Northern Central.
Pitts.
Pitts.
-
Mario A C.
Shen. 4 Lake Brl*
1
Vick burg. Siaten Island
< ony C'ove A C. Mt.
/
Vlcksburg 8h. A Pac.
Vliiin. ft St. 1.0 il«.
There are few roads which show a large Minn.
BastTenn. Vi. ft Ga.
Ulster A Delaware.
St. Paul ft S. S. M.
Omaha K. G.
Fla. (.lent. A Pen.
vVest -Irtrsoff.
%
falling off in net, and only 49 roads which show a falling Quincv
Hfzfcan Hfioda.
Georgia Kailroai.
St. Paul ft l>u uth.
Mexican Central.
Ga. Southern 4 Fla.
Sioux City A Nv<rthern.
off of any kind (out of 138 roads reporting), while on
Mdxlcaa National.
the
other hand the list of roads which have gained heavily
New Jersey State Banks,—The Department of BankiA
in either gross or net, or both, is the most extensive
we and Insurance has furnished us a statement of the conditiOT
have had for a long time, and comprises roads from all of State banks in New Jersey at the close of business on Sxaf
From it and from the latest statement of the coad*6, 1891.
•ections of the country.
The following statement tion of national banks— that of July 9 — ive have prepared the
in New
gives both the prominent increases and the
prominent following, which gives the results for all the banks
significant.
ft
decreases.
LABOB INCBEABBS IN GROSS KABNINGg FOR-JUSB
AtoWeon and San Fran.. $439.491 Chesapeake & Ohio
PennsTlvanla
Pennsylvania
2«s «.^i Wabash
268,851
Illinois Central
261.375 Mexican National'...
Canadian Paelflc
203,483 Rio Grande Western
Jersey.
STi 774
1
I
Chic. Mil. & St. Paul. ... 197,738
N. Y. Lake Erie & West.. 157.704
South. Paciflc 6 road«).. 156,233
Burl. Cedar Rapids
St. I'aul At
Duluth
73'4o1
'
& Ni!
Louisville N,0.& Texas".
105,133 Central of New .lersey
83,235 CoL H, VaUey & Toledo;'.
*. Y. Ontario & Western. 80,976
LARGE DECREA.SE8 IX GROSS EARXINGS FOB JUKE.
Union Pac. (!> roads)
$385,336
Chlo. Burl & (Juincv
131,384 Mev. c. C. dc It Louis
Denver <& Bio Urande
62,908 Oregon Imp, Co
Mexican Central
Baltimiirc <& Ohio
State Banks.
Nat. Banks.
NEW JERSEY.
Number
a
art
T/Oaiif
65521
Overdrafts
Ssio 1
Dueffom reserve agents
nie from banka and ankers
7-a
55 7'-; 5
03-''»
54.236
41,190
59.130
ggjaslj
Stocks, bunds, .tc
t,
B
inking house, furniture and fixtures
-her real estate
bpecie
Legal tender notes and cert'f s of deposit.
Bills of other banks
Onrrenr expenses and taxes paid
Premiums on U. 8 bonds
other resources
Total
6,
1391.
Total
95
22,
U7
(18.201,137
44.560
»6.874,5n9
207,869
|55,076,TM
10,0.37.710
4611,810
10,5-24,660:
890,815
11,124,163
es—
and discounts
fio"*!:?
5fi
July
-fi^",*'
7,484.809*
2,748..539
2,338.869
31B,'276
2,4)0,054
2,488,812
435,li;3
114,-^95
J
201,121
63,343
91.766
871,454
'
18,136
398,942
2,.W9,990
379,619
2,532,420
2,880.290
135,161
133,431
398,948'
1,38!!,9TO
1,288,481
»78"368,309
361,9281
»9,«7»,874
$87"6J8,18S
;
AuocBi
aa,
THE CHRONICLE.
V9\.\
REW JEKSLY
SnI. Banks. Staff Bankt.
juluO.
JulyO.
(Cont).
1801.
1881.
rii.'iiiu.t'^k p..d.n..........
*i&i:\
•'•SbIsss
-iVM-i
'^™*
'I'i
i i
l».l.*ir
«.070,«88
51,670.9,'il
«.«»;mo
k8.7m
*,m,i2.i
488.781
8*Jf?Sl
*»-°'°
»78,868,80B
ta'37»,SJi
^.JS-SS,
i»'m(
8uVToti;v;L'l,ndbiiikOT.v.v:;::;::::;::::
Not«. an.l bill. p«Tabl«
Otber Uablliues
Total
IH.il
••JJg'l?}
Indlvliliml .liMH)»lt«
bank in ita place. As the existing notes are at a discount of
about 75 jwr cent, a further issue after the Government had
pledged itself most solemnly again and again to cancel 15
milliona every year must intensify the depreciation. The
plan is altogether so contrary to every sound principle that
many suspect it has been put forward only to prevent Con«
greas from passing a bill for issuing fresh paper, and that in
fact the Government does not intend to act upon ita own proposal if the measure is carried. However that may be, the
market seems to think that for the moment at all events the
fall in Argentine securities has been carri d too far.
There has likewise been this week a recovery in Inter- Boura«
The settlements on the Paris and Berlin Bourses
securities.
have passed over without the difficulties that were apprehended, and now an earnest effort is being made to put up
That it can succeed for any length of time seems imprices.
a critical state, owing to
probable, for the Berlin Bourse is
Tutal.
»s-^-!S2
Plrculall.m mit.tBiialnil
DlTlrtxiKlH unpalil
,i',?);
^__r;_.
187,0.18' 183
lf„l,.—rbe amonnt (»371,46«) nnder 8Ut« banks, oppoalte legal tender notes.
" currency."
lie.. I« (tlven In reiK>n« of State bants a«
[From our own correspondent.)
London, Saturday, Aug.
The ease
in the
money mwket
is, if
8, 1891.
possible, greater tlian
m
ever tliia weelr. In the open market the rate of discount ia
barely 1}^ per cent, and bankers find it difficult to lend from
day to day at }4 per cent, and for a week at J^ per cent.
Bankers are still under the influence of distrust, and are very
cautious therefore in giving accomodation, while the bill
brokers and discount houses, knowing the feeling of bankers,
the disastrous depreciation of industrial securities of all kinds,
to the critical state of Italy, and to the fall in Russian securities,
assistance
demand. In the mean time gold continues to c )me in
from abroad and will come for some time longer, while the
withdrawals are only small. The demand for Germany still
exists but is much less than had been anticipated, and there is
only a slight demand likewise for South America. As yet no
American demand has sprung up. That may become large
by and by but until it arises the market here is likely to conlittle
tinue very easy.
The London joint-stock banks have this week begun to pubthe monthly returns, which some time ago they promised
the Chancellor of the Exchequer they would issue, and the returns go to show that the banks generally have of late been
increasing their cash reserves. The London and Weattiiinstir,
which is the greatest of them all, for it is a purely metropolitan bank, having its chief office in the city and only fifteen
lish
branches in different parts of London, has led the way. Its
deposits and acceptances exceed 36 millions sterling, and the
cash held in its own coffers and at the Bank of England amount!;
to nearly 5}^ millions sterling. The proportion of cash to
liabilities is thus about 20 per cent, compared with 16 per cent
at the end of June, and somewhat under 15 per cent at the end
of December. The Union Bank of London, also a metropolitan bank, has a reserve of ISy^ per cent of its liabilities, just
the same proportion as at the end of June, and somewhat less
than at the end of December. The London Joint-Stock has a
reserve of 12 per cent, against 10 per cent at the end of June
and only 8J^ per cent at the end of December. These are the
three great purely London banks. Of the smaller banks the
City has a reserve of 8J^ per cent, the Alliance one of 10?4 per
cent, the South Western one of 14)^ per cent, the Imperial one
of 13 per cent, the Consolidated also one of 13 per cent, and
the Central one;of 13'^ per cent. Lloyd's Bank, which does a
very large business, having 89 branches besides several
agencies scattered all over England, has liabilities of all kinds
of nearly 31% millions sterling, but its cash reserve is only 12
per cent of the liabilities, whereas at the end of June it was
nearly 13J^ per cent.
The
market
is weak, the price having fallen on Thursper oz. No support is received from America.
The Spanish and Portuguese demand is smaller than had been
expected, and for the time being there is no demand from
India. The latest reports from the Madras Presidency are
that there is famine in some districts and severe distress in
others, owing to the want of rain, but in the other Presidencies
rain has fallen of late and there is now hope that the danger of
extreme distress is averted. Still there are doubts whether
India will be able to export as much wheat as had been reckoned upon up to the end of May.
silver
to 45i^d.
The Stock Exchange was surprised this week by a sudden
in Areentine securities.
The 1886 loan, the only one
rise
who.se interest is still payable in cash, has risen about 4.
Cedulas have risen from J^ to 1, and Argentine railway stocks
have advanced from 2 to 7. Nothing is known to justify so
sudden a recovery. Indeed, the news is rather unfavorable,
for the Government has introduced into the Senate a bill for
the issue of 50 million dollars of fresh paper for the purpose
of winding up the present National Bank and founding a new
The Portuguese crisis, too, is as
and though Spain has obtained momentarj
the finances are in a very bad state.
especially rouble notes.
intense as ever,
are equally reluctant to engage in new business. On the Stock
Exchange speculation has ceased and there is exceedingly
day
243
'
Along with the recovery in international securities there is
evidence of a better investment demand here in London.
The Manchester Corporation applied this week for aloan of IJ^
millions sterling. The subscriptions amounted to nearly 2%
millions sterling, and the average price was fully 3 per cent
above the minimum fixed. There has also been some slight
advance in consols, colonial stocks and other high-class securities, while there has been a very large demand for the ordinary stocks of Britifch railways. The feeling here is that the
crisis has now so nearly reached its end that we slionld see a
continued steady improvement in prices were it not for the
sudden break in Union Pacific shares and the generally disappointing condition of the New York market. People have
been looking to New York for the beginning of a revival in
business. The good harvest, it was hoped, would so improve
the prospects of the railways that business would increase
and with an increase in New York it was confidently expected
that there would be a revival here also. The disappointment
is consequently great.
However, the impression is growing all the same that Loudon has now so far got over its difficulties that we shall grad
ually see an improvement quite independent of the action of
New York. Early in the week there was some anxiety
because of the reception given to the French fleet at Cronstadt, and the report that France and Russia were about to
sig^n a formal treaty of alliance.
Up to the end of last week
the German press had refused to believe in such a treaty, and
had rather regarded the visit of the French fleet as a mattw
of little significance. Early this week it took a more serious
view of the matter, and this fact caused some anxiety everywhere. Now, however, the anxiety has abated, for oeople
generally recognize that there lias been an informal understanding between France and Russia for some years past, and
that a formal treaty will not make much difference in the
situation.
At any rate, they are convinced that there will be
no disturbance of the peace this year.
The weather has been unfavorable during the present week
over the greater part of the United Kingdom and western
Europe. There have been thunder storms accompanied by
low temperature and considerable rain, and it is said that a
good deal of damage has been done to the growing crope»
The best opinion still is that the harvest here at home will be
nearly up to the average, assuming of course that the
weather does not continue very unfavorable this month and
next month. But the harvest will undoubtedly be two or
three weeks late. In some few districts the weather has been
fine and the reports are very good, and from none is serious
damage yet reported. Upon the Continent there has been some
check given to the crops during the past few weeks, and it
seems clear that the harvest both in France and (Jermany wiU
be decidedly under the average. Respecting Ruseia the most
conflicting reports are still received. The trade is in consequence much confused and there is a marked hesitation in
the market. Upon the whole, however, it seems certain that
the European harvest will be short. In western Europe it
will certainly not be as deficient as it threatened to be at the
beginning of June, but apparently it will not be as good as it
promised to be two or three weeks since. In Russia, on the
other band, the yield was expected to be very large early kt
:
unthe year, and though up to the time of writing it is still
oertain whether it will be as bad as recently we were led to
believe, there seems no doubt that it will be much worse than
was anticipated two or three months ago.
Respecting Indian exports there is also more doubt than
there was some time ago. The Indian wheat harvest was
gathered in in March and April. It was fairly good, and there
was a large surplus of old grain, therefore in May the exports
were very large, and the calculation was that when the mon•oon was over they would again become very large. But it
the rice and other crops on which the natives chiefly live are
very deficient, the surplus of wheat available for export may
be much smaller than was anticipated.
The Board of Trade returns for July compare with those of
1890.
1891.
M
IlfPORTS.
£
£
33,741,082
33,311,354
35,253,058
3S,n82,537
34,377,698
36,850,124
32,824,111
38,143.950
31,018,842
36,140,334
35.680.242
33,341,005
32,926,295
33,082,829
—4,402,768
+2,292,512
887,275
+3,302,295
—
months.... 245,049,551
1891.
239,964,387
1890.
January
February
.Uaroli
April
May
June
amy
£
Exports.
January
Ensllab Flnanelal market*— Per Cable.
February
March
AprU
t&T
June.
July
+
London.
Sat.
per oz
d
Consol8,new, 2^ per cts.
do for account
iHH
+ 1,036.693
+3,923.929
258,518
—
-77
+5.085,164
+
2-12
Difference.
S.
—
—
—1,752,437
613,607
21,586,752
21,084,228
20,067,022
20,344,367
22.940,779
21,532,817
24,321,336
—
+ 1,596,356
+ 574,699
—3,196,306
—
.
98,418
—
—
9-77
-45
1891.
1890.
March
April
May
June
July
7 months.
4,779,951
5,369,507
6,327,102
4,859,746
6,476,915
5,106,549
5,443,433
37,886,950
38,363,203
Messrs. Pixley
Per
Difference.
£
£
—
+
—
£
390,149
492,708
391,644
+ 675,406
—1,029,584
493.790
+ 680,800
—
+
—
—
Ct.
ror Week.
8-20
9-17
6-19
476,253
—
9-66
+
1-21
—
1-24
Oen'l mer'dlse.
Total
Binee Jan.
still continues for Germany, and nearly all
have been sent theiei The Bank has received during the week
£450,000 and £88.000 has been withdrawn, chiefly forthe Elver Plate
Arrivals: India. £25,000; Brazil, £229,000; New York, £100.000•'•w^
ChlH, £2,000 total. £356,000.
Silver— Silver continued to improve until the 4th inst., when there
were more parcels offering than the market could well bear. A poor
council allotment and cessation of orders for the Continent caused a
decline to 45''gil. the next day. and to-day to 45?td. Arrivals- Brazil
£3,000; New York, £8.000: Chill. £33,000; total, £44,000/
Mexican Dollars— These coId have been dealt in at melting oaritv
Vera Cruz steamer brought £136,000, and £44,000 came from
jfew york.
,
;
Qen'l mer'dlse.
For the week
1890.
1889.
A^.a.
^Pnblledcpoilt*
Other dapoitti
S.SM.lOl
84.982,811
OoTernment
11.338.655
Aim
7.
28.380.697
16,817,292
25,8te,0l5
1,159,321
3,3ei,5>9
27,310.587
21,391,103
14,209,237
17,636,128
16,367,398
23.581,983
11.186.009
»0,022.021
20.525,938
18.610,133
11.577.658
10,958.160
20,816,318
Prop.aHetatollablllllei.perct.
43 9-16
36
Bankraw
perct.
5
CoMoli 25< per onet
96 IS -16
<
95 15-18
Vlearlns-Hoaie retnrai
121,187,000 171.899.000
20.039,800
38 3-18
27.181.667
m
1889.
3 (Aug. 8)
9»yi
121,597.000
15,719,451
14,725.841
1,832,184
3,138.291
28.239,475
14,702.254
Fea*
Beans
Indian
Hour
com
13,9.83,812
11,607,596
1,672.947
3,307,565
39,624,013
15,414,979
,
_^
,
^
Import«otwheat.owt.53,8l2,898
Imports of flour
14,702,254
flalea of home-grown. 32,910,071
17.974,100
15.462,428
2.1.53,810
2,918,732
29,574.053
13,317,277
1889-90.
1888-89
52,828,126 .55.100794
15,414.979 13 317 277
43,042,000 34 125 632
Total.
.101,426,123 111,885,105 102,543,703
1890-91.
1889-90.
_
.
1888-89.
„ .
,
XnglUh wheat,
per qr.—
Average price, week... .388. 9d.
353. lod.
30s 84.
Average price, season.. 35s. Od.
30«. 8d.
SOs' 8d
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
This Keek.
Lattweek.
_. ^
1890
y>««t
.....(irs. 1,891,000
1,929,000
2,018.000
FUur, equal
»t»»»
to qrs.
V».
185,000
286,000
200,000
333,000
1891.
$2,22.5,913
$9,261,315
$11,690,072
$7,596,812
$9,947,423
$87,701,445 $101,572,831
234,649,338 243,879,974
$76,840,083
259,315,221
$84,776,752
216,412,765
$2,637,163
7,310,260
5,370,899
1888.
1889.
1890.
1891.
$5,757,531
177,982,325
$6,538,963
208,641,814
$6,262,517
204,016,853
$7,134,089
216,368,570
Week.
ereat Britain
Prance
NEW
184 000
777,'wo
TOBK.
Jmportt.
$32,163
305
$277,658
330,114
636,387
881,595
29,602
151,042
437,027
$44,300 $74,811,056
39,500 18,333,514
18,800 46,257,8541
$38,468
144,990
129,693
$2,752,425
5,652,124
4,637,194
West Indies
Mexico
South America
99«
44,000
All other countries..
99,673.000
Total 1891.
Total 1890.
Total 1889.
Since Jan,X
16,546,583
17,031,557
2,582,217
9,205
1,571,310
25,500
Germany
39>i
3 (Aug. 9)
Week.
Since Jan. 1.
300 $37,044,684
6,000
Imports.
Silver.
1887-88.
Week.
45,842,533
18,372.152
16,665,188
2,840,751
2,519,128
22,480,661
17,187,146
Qreat Britain
France
Germany
$83,754
4,200
West Indies
Mexico
South America
2,497
Ail other countriea..
1):
1S90-91.
37
Gold.
Supplies available for consumption (exclusive of
stocks on
September
151a
Mtxos
1890.
Exports.
1888-89.
cwt 53,812.898 52,828,126 55,100,794
Barley
Oats
25ia
Exportt.
:
1889-90.
24%
$2,982,061
8,708,003
ntPOETS.
1890-91.
211a
t3, 175.382
6,085,933
BXPOBTS AND IXPOBTS OF 8PE0IB AT
of cereal produce into the
during the f»rty-eight weeks of the season
.compared with previous seasons
52 19
38
1512
at
The following shows the imports
Wheat
151a
381a
251a
and 1889
2.769,788
Umted Kingdom
15
Aug. 8
28,217,8»5
bolllon
68%
523,
151a
375»
1888.
26,311,610
IUMTT*
507,
68
51%
Thefollowing table shows the exports and imports of specie
the port of New York for the week ending August 15 and
since Jan. 1, 1891, and for the corresponding periods in 1890
25,538,790
••cnrltlat
67%
51%
S
2«.81t,375
Other •oarltlH
6H>a
511*
Total 33 weeks. $183,739,856 $215,180,777 $210,279,370 $223,502,669
:
£
.
ftev. reported
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c,,
compared with the last three years
-OWnlatlon
103''8
5II4
In our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending August 18 and from January 1 to date :
aXPOBTS FBOU NEW YORK FOB THE WEEK.
^e
5.
103%
501a
6818
Total 33 weekt. '$301,189,547 $322,353,783 $345,452,805 $336,155,304
Gold- A strong demand
arrivals
18»1.
4978
731*
IO414
22*9
1.
Dry Goods
& Abell write as follows:
Aug.
103
49
24%
1888.
Dry Goods
+13-89
—15-89
—
103%
73H
ai's
38I4
36 14
24
1041a
2238
7333
104
68!Ss
99
115
73 14
;
:
4,389,802
5,862,215
5,935,458
5,535,152
5,447,331
4,612,759
6,104,233
72%
103%
20%
101%
69
99
11*
7314
731a
1041a
22
72%
72%
701^1
5138
141s
69 14
99 14
115
1151a
Imposts and Exports fob the Week.—The imports of last
week, compared with those of the preceding week, show an
increase in both dry goods and general merchandise. The total
imports were $9,947,423, against $9,835,680 the preceding week
and $8,940,589 two weeks previous. The exports for the week
ended August 18 amounted to $7,134,089, against $7,851,795
The following
last week and $5,979,446 two weeks previous.
are the imports at New York for the week ending (for dry
goods) Aug, 13 and for the week ending (for general merchandise) Aug. 14 also totals since the beginning of the
first week in January.
FOBBIQir IMPORTS AT NBW TOBK.
-3-86
7 months.... 146.011,364
151,877,301
—5,865,937
Exports of foreign and colonial produce were as follows
January
February
69 14
99
68%
97
tS>mnmtxcivd mid W^lscell^ntans
—13-93
—2,376,224
-
•
Wed.
Tuea.
114i«
64%
Northern Paciflc, pref
Pennsylvania
Philadelphia & Beading.
Dnlon Paciflc
Wabash, pref
8-11
+
+
96^
100
2d cons
do
Norfolk* Western, pref. i7\
Ct.
2-91
7-95
2-82
96i8
lom
+11-91
Per
3fon.
Aug. 31
4539
455,6
-153,8
45616
455i8
96I|8
9578
96118
95%
961ie
96i;6
95IB,, 95i3i,
96^8
9618
95-25 95-30 95-25 95-32ia 95 -42 la
102 lu 102 14 102 14
IO214 102 14
II914
llOifl
120
1191a 120
86I4
8616
86
86
86
Pr'ch rentes (InParis)fr. 9525
102>«
U. 8. 419S of 1891
II914
U.S. 43 of 1907
85>4
Canadian Pacific
Chic. Mil. & St. Paul.... 66%
IlUnols Central
951a
113>3
Lake Shore
Louisville & Nashville.. 68 Hi
Mexican Central 48
71«i
N. Y. Central & Hudson.
N. Y. Lake Erie & Wesfn 19»8
7-39
2-45
9-25
+
+ 310
,
Silver,
—11-54
—
London •
daily closing quotations for securities, &c. at
are reported by cable as follows for the week ending
CI.
—
£
19,831.315
20.470.621
21,663.378
20.919,066
19,744,473
21,434,399
21,945,112
Per
Difference.
[Vol. LIII.
The
previous months as follows
Colnand
.
THE CHRONICLE.
2U
7
.
-
Total 1891.
Total 1890.
Total 1889.
1887-88.
45,812,533
17,187,146
36,534,125
$90,451
528,800
Since Jan.l.
Week.
$7,635,509
487,784
216
246,240
43,000
431,290
88,535
$8,932,574
12,582,-.i81
156,4001 12.503,921
Sitice Jim.1.
$87
$2,719
1,000
7,360
20,632
110.190
369.583
314.711
496,109
$11,079 81,311,312
3,63'.',691
133,149
945,401
32,803
Of the above imports for the week in 1891 $30,463 were
American gold coin and $1,600 American silver coin. Of the
exports during the same time, $46,497 were American gold
99,613,804
1887-88.
coin.
333.
81.
—
flour ft„H
*°°
1
isoq
7i« ?no
&
aionS?
llatw
&
Messrs. Emerson
TurnbuU, 80 Broadway, have issued a
circular giving a list of four and five per cent bonds listed on
the New York Scock Exchange.
The details are given of
each bond, together with the interest yielded at current quotations.
The card of Messrs. Emerson
TurnbuU mav b«
found in the Cheonicle.
I
I
'
..
.
:
August
THE CIIRONIOLR
28, 1891. j
The moTement of breadacaifs to market U indicated in tfae
siatempnt below, prepared by us from the fli?urea of the New
Wo first K'^e the receipts at
York PhhIuco Exohant^o,
Weatem lake and rivor porta, arruaxod so as to present the
oomparative movemont for the we«li ending A.as(. 15, 18U1,
and since August 1, for each of the last three years;
MfipU
nntr.
ot-
Dttrolt..
.
acTVland.
9J.59C
865.843
168.400
13,3 JO
47.233
930
1.483.87!
68.837
8.863,
480.130
95.401
lH.8a3
.
Bartty.
Tot.wk.'91.
wk.-90
«k.'89
am*
wn*
1889
..
.
1.381.815
4,050
86.500
173,400
18»,73«
29,8ifl
6,689,023
1.989.453
8,336,149
194,757
«,9».273
383,865
91,880
370,429
11.441.190
1.8 >1.02VI
e.003.28«
5.883.747
.
,
.
Ptillsdelphla.
.
BalUmore..
.
.
...
,
«w Orleans.
.
210,183
43,137 236,895
50.^03 b26,0S6
59.886 1,277,827
3,973
17,674
24,403 606,479
45,.500
Total week.. 333,098 4,535,544
Oor.
week
'90. 263,248
total
Mont*.
456,7«S
83.100
imports of merchandise,
UOl.
1890.
Qmtral
Omtrat
982,923
t
1
14.819.005
88.331.848
13.146.984
89.953.SC5
SS
85,576.721
6,908,788
41.479.653
48,448,891
9.816.910
88.583.940
4.800
9.350
0,354,070
30.573,461
42,027,531
8.363.99}
80.687.851
44,9B13ia
8,699,470
33,517,131
48,3 16,601
15.486.497
84.836.319
49,723,810
9,301,074
31,937,561
41,138,638
14.214.708
87,389.011
61,603,719
8,611.096
134.173
76.35li
8.9.51.447
2,556.291
39.182
88,643
4.341.885
4.092.151
4.736.622
102.816
239.584
1,377,378
5.078,691
5.343 082
65 naa
13.041350
ffffflf
Total...
146,19;
71,661.191337.381.083 J09,050.374l
38;900
23,861
Oom.
71,331
Buth.
32.475
41,335
234'.319
29'292
ewTork 1,232,410
Boa ton...
Portland.
Montreal.
Phlladel
Baltlm're
W. Orl'na.
M.News..
Bloluu'd
425,242
955, :«9
730.659
116,327
flour.
OaU.
Ryt.
Bblt.
Buth.
Buth.
8,372
27,890
37,585
"eos
67,565
31,235
19,659
18,735
1,05S
4,307
1,351
23'i3i
Peat.
Butii.
1,742
29;68"6
1891.
1890.
»
t
37.000.185
35,506.491
JanuaPT
37.940.531
28.485.2M
Febro ary
Marcl1
^priu
38.874.475
29.644,853
38,112.068
April.
7,713,068
May
36,634,467
29.187.«7a
28,325,491
29.0.VS921
Mar.
Jane
9,131,338
31,163,120
27.811.440
July.
July
188,904
1,351
36,300
31,428
154,462
50
16,863
17,632
ports,
Aug.
In store atSewYork...
Do aUoat
Albany....
Bnlblo
OUoago
Hllwaakee...
DalQUi
Toledo
Detroit
Oswego
Bt.
Louis
Do
15, 1891:
Wheat,
biith.
446,562
150,200
6191471
2,059,743
17,724
27S,210
832,972
212,065
Oom,
OaU,
biith.
buth.
alluat.
Montreal.....
PhUadelphla
Peoria.
Indianapolis
Kau8a.s City
Baltimore
HlnneapoMs
1,060,202
Ryt,
buth.
17,690
215,039
80,262
'13,606
202,914
1,323,733
19,500
146,760
731,620
171
54,292
24,820
32,020
27,818
362,289
5,510
1,390
127,575
27,057
215,966
89ioi9
'"'542
8,000
41,796
7,000
10,551
2.960
97,766
30.630
90.104
15,000
51,676
25,586
'12,006
1,357
681,555
259,683
293,800
"1,155
25,000
Clnolnnau....
Boston.
Toronto
Brooklyn das- Light
Citizens' Gas- Light
Bonds, 6s
18,000
12,438
Bxrtiy
buth.
Mutual (N. Y.)
Bonds, 68
:7a88au (Brooklyn)
Scrip
1,418,758
3,166,450
73.210
8,412
18,655
158,9.13
66,389
On Mississippi...
511.461
'"6i2i»4
On Lakes
3.277.422 1,260,480
On oanal & river. 3,488,000
132.800
(Brooklyn^.
People's (Br(
liWllliamsburg...".
""533
8,027,060 4,99-<,240
8.239,741 1,573,432
.1.
I
I
||
'Iu4
1106
Bonds,6»
964 Metropolican(Brooklyn).. 90
go's
103
113
100
117
106
Municipal— Bonds, 78
Fulton Municipal
Bonds, 6s
Equitable
170
110
116
100
130
95
iBonds, 6s
98
71
109
109
es
106
118
108
120
108
I
Auction Sales.— The following were recently sold at aucby Messrs. R. V, Harnett <S; Co.
tion
Shares.
Dynamite
$110
lot
100 Cousol. Eleo. Stor.Co....*! sb.
25 Fourth Nat. Bank
I7012
1 Mcmb. X. Y. Cotton Ex.
(lues piiid)
.500
20S
21 Bank of America
Bonds.
$125,000 Ga. Sou, & Fla. KR.
54'«
Co. Ist, 69, 1927
$1,000 Federal Valley Coal
Co. 63, 1908
31"a
25 Parmei's' Loan & Tr. Co. 745
The followine were recently sold by Me3srs. Adrian H. Mul«
ler
& Son
Bondt.
Bondt.
$2,000 Brooklyn Public Park
Loan
78, 1915, J.
& J-llSHufclnt.
$7,500 City of New York, "S.
Y. Bridge bonds." consol.
reg. 58. rod after 1896. due
192C, Q.-F
10558&lnt.
1,391
Loiilsv. Ilardingsb'g
Sg'a
West. Ry. Co. Ist 5
$10,000
&
$6,000 East Shore Terminal
60^4
Ist mort. bonds
$50,000 Ga. 80. & Fla. KB.
iBt, 68, 1927, J. & J., July,
55ia
1b91, coupons on
•
'^(Kiihim
awa Iftuauctal.
1,638
THE MERCANTILE NATIONAL BANIC
1,000
481
12.337
16,258
OF Tllg CITV OF NEW YOK.K,
No. 101 Broadway.
$l,00a,0aa •iurpla^Jt Froats, $950,00»
WILUAM P. ST. JOHX. President. FBUOBRICK B. SCHB.VCK, Cashier.
Capital,
-
I
I
JAMES V. LOTT,
"h'.oia
5,000
2,471
30.184
857,580
193,863
Assistant Cashier.
ACCOUNTS SOLICITED.
THIRD NATIONAL BANK
OF THE CITY OF NE«V YORK.
Capital,
Tot. Aug. 17,'89. 14,220,534
Tot. Aug, 18,'88. 26,263,305
|
|
98
80
102
1,893
28,343
92,549
40,207
27,495
240,193
Soiiseo
2.164
142,630
629,789
97.610.815
|
|
...
CoasoUilated Gas
Jersey City «fc Hoboken.
Metropolitan — Bonds
(all
The vi8ii)le supply of grain, comprising tho stocks in granary
at the principal points of accumulation at lake and seaboai d
11,304,103
75,193,362
and Brooklyn Gas Securities— Brokers' Quotations.
Bid. Ask
SA8 COMPANIES.
Bid. Ask.
GAS COMPANIES.
Gun Co
123,503
*
N. K.
1,000 Pneumatic
694,293
1
15,883,888
13,888,615
12,669,41T
13,518,084
10,e74,62»
14,492 3e7
17 178,528
7,460,969
Tr tal
.... 11)8.365.810 ll)«.132.«77l
t
1890.
t
16,794,868
13,280,690
10,530,566
36,433.249
Total....
York.
1891.
Sharet.
663
.
Jtotweek. 3,815,597
Vme time
1890... 1.045.504
At New
Month.
r«braai7~
Haroh
300
700 208.597
OnSTOKS BBCEIFTS.
JTontk.
,
11,500
88.066.780
Total MerefMiUUte.
.^3,64S
32,200
16,841
52,507
85.4.33.879
96,144.378 226,458 563 331.602.e4«
BXPOBia FROM NEW TORK.
161,358
183 703
700 23/200
370,000
153.090
6.617
16.066.805
16.795.370
15.670.193
t
26.161.336
1
6.783
|
Wheat.
«
650
703.431
690,901
480,211
iite.
1.055
T-LOSi*
53S,164
623,933
IMal.
Xtrchan-
Oooitt.
43,783,131
41,339,1«»
48,630,»33
47,S80,8S«
The exports from the several seaboard ports for the week
•nding Aug, 15, 1891, are shown in the annexed statement:
XxporU
from —
Dn
lotoL
Merehan-
0oo<ta.
807.307
2.408.288
3.610.395
159,950
140,764
73,813
49,798
52,643
37,134
21,062
months,
first state-
t
48.680,783
48,100,3 SO
48,618,071
80,895
88.350
86.410
304.800
406,000
The
ilouse.
mrOBTB INTO HKW TOBK.
.
20.S80
•wYork.... 105,687 1,610,400
BtolUDond
ment covers the
up from weekly
tlje full
Bu-mi-
The reoeii >ta of Soar and grain at the seaboard ports for the
Wdek ended Aug. 15, 1891, follow:
Flour,
Wheal,
Oom,
Oaf,
Barley,
bblt,
Atbutli.
buth.
butK.
buth.
»%,
Boston
Montreal
New York Custom
also issued by our
1.
1391
18)0
Nkw Tork— Horthlt Statimmt.— la
Tradb or
FVjRKiaif
addition to the tables on another page, made
returns, we give the following figures for
lty4.
21.700
100,000
245
(Ute.
31.019
23.947
135.353
IS.Olaj
..
Bt.LoalB
P«)rta
Who Auo.
OaU.
Oom,
Wh4at.
BMj.ll-OCia B<uh.«OU>- Su<h.6AII>- Biull.88l6< Bu»A.4Hl^
1,5,>'J,S1'15
1.408.401
44.833
71,501
1,7J4.477
OtalOMO
MllwnakM..
Oalnth
MInnupolis.
Toledo
:
65,163
65,708
355.827
336.061
145,501
......
$1,000,000
WOODWARD
President.
Cashier J. FRKD'K: SWKA8 v.... Atst. Cashier.
Acconnts solloUed and careful attention to the Interests of Deposltori
gnaranteed.
J. B.
HBNBT CHAPIM. JB.
Spencer
1
Trask
&
Co.,
—The Reorganization Committee of the San Antonio &
BANKERS.
Aransas Pass RIt. Co. gives notice to the holders of Central
No*. 16 and 18 Broad !«(reot. New York CltT.
1 rust Co. certificates for the deposit of bonds under the reALBANY N. Y.
SARATOGA. N. Y: PROVIDB.VCK. R. L:
organization agreement of March, 1891, that they are invited
TRANSACT A GENBRAI. B.INKING BUSINESS.
to subscribe on or before September
1 towards the cash reAn claMos of Seoaritlea Bought and Sold on Commission. Spaciat attention
quirements of the committee according to the terms of the STen to InTetiraeut
:^ecurlttes. Direct wire to each odlce and to Pnilalaiphla
OfUin and Cbicaso
Plan of reorganization. If any depositor omits to subscribe,
ma right to subscribe on the terms specified shall terminate.
ine right of depositors of the 63 and Ss to subscribe to the
MOTICES.
cash requirements of the committee is continued
until such
«ate as may hereafter be fixed by the committee,
provided,
^^CITV BONDS AND
FIRST-CL.4SS INVEST^
nowever, that upon any subscriptions made after September 1 meuts
adapted for savings' banks, trust funds, and oareful Inyestmentk
me 8ut)8cnber shall be required to pay an addition to the $850 of Individuals
are mule a prominent specialty la the buslneu ot
accrued interest upon the $1,000 bond from July,
1891, and Mefiarg. Blake Baa?. <t Co.. Btnk^rs, of New York and B03toa. Se*
mat otherwise the terms of subscription are unaltered.
card In the columns ot the Caso.<<io[>B.
SPECIAL
OTHER
.
.
.
246
The following were the rates of domestic exchange on New
buying
York at the undermentioned cities to-day: Savannah,
i'he IBawkers' (§nztt\t.
to h premium New Orleans, commercial,
par to 1.^, selling
bank, 75c. per $1,000 premium;
premium
25c. per $1,000
i^ premium; St.Louis, par;
Charleston, buying par, selling
discount.
$1,000
per
Chicago, 75c.
%
DIVIDENDS.
Books doted.
{Days
Railroad*.
ytWay ne & Jackson pf-
inclusive.)
A ug. 22 to B ept^
(8"'>''-'
S P.M.
STREKT. KKIDA V. AUGUST 21, 1S91
Sltuation.-The
Financial
and
Money Market
movement on
responded handsomely to the
WAI.I,
steady. .The
United States Bonds.— Government bonds are
4i| per cents held abroad, if shipped in good faith before
At the Board to-day
Sept. 2. will be extended at 2 per cent.
101.
$237,000 4}^s, registered, sold at
rtock market has
operators
^Produce Exchange, and some of the Chicago
by
sentiments
bullish
their
are reported to have backed up
The
this market
stocks
railroad
of
purchasers
becoming
heard
m
the universal ory
scarcity of gram in Europe,
the
with
this,
and
side,
on every
lumishes the basis for all present dealings.
among bankers and
There seems to be a better feeling
securities has made
in
turn
upward
the
and
money lenders,
collaterals,
inspecting
of
them more genial in their manner
This improvement has
loans.
time
make
to
willing
and more
ide by the
undoubtedly been fostered by the settlements
which did
and Richmond Terminal companies,
cropsi the crops!! the crops!!!
This
is
Interest
Aug.
Aug.
Aug.
Periods
15.
17.
18.
19.
Aug.
Aug.
20.
21.
•lOO's 101
reg. Q.-Mch. '100%'*100'8*100'8 lOCa '100% 'lOO's
iJjs, 1891
-,- ,.*10078
coup. Q.-Mch. 100% *10078*10078
iifis, 1891
ni7 1*116%
116%*116%*116%
reg. Q.-Jan '116%
48,1907..
coup. Q.-Jan '116% '116%*116%*116%
48,1907
*110
*110
110
reg. J. & J. 110
tia, cur'cy,'95
112 i*112
& J 112 112
68, cur'cy,'96....reg. J.
114
114 1*114
'114
...
6s, our'cr,'97....reg. J. & J.
*116i«*116»s*116i9
>116ia
J.
A
J.
—
—
69,
curVj,'98....reg.
63, cur*ey,'99....reg
m
Union
;
;
Aome of Company.
The
fVoL. LIU.
THE CHRONICLE.
J.
&
119 i*119 1*119
J '119
mormiig board no »aU was made.
TMa" B the price b» at
foUowing shows
Government Purchases of Sllver.-The
in August:
Government
the
the amount of sUver purchased by
tlie
;
Ounces
Pacific
offered.
lenders, and made
touch towards reUeving suspense among
Price paid,
Ounces
purchased.
3,71 1,500' $0-9920 a $10090
Previously reported.
*0-99 -a fO-9925
272.OO0I
1,568,000
the outlook brighter all around.
19
August
280,000*0-9875 ® fO-9886
more than once
924,600
20
can again repeat our warning, given
»»
$
"
21
up prices of gram
«$
119,000$
before, that it is bad policy to force
'Local purchasea
A sharp decline
the early fall so high as to stop exports.
al)t4500000 *0-9875 -3 $1-0090
"
"J""^" to
." date.
In month
*Total
xma, 111
L_
.
that becomes disastrous for the
is almost sure to follow, and
reported till Monday ot
The local purchases of each week are not
for the maweek.
farmers, the commission merchants and
the following
If the foreigners will continue to
quotations in gold for
jority of speculators.
Coins.— The following are the current
higher
per
or
purchase our wheat freely at $1 10, $1 13, $1 20
various coins:
„a,
qqu
whenever a point is
99>4« — f?"*
bushel, it is well to let them have it. But
$4 86 'a$4 90 PlneBtlver bars.. —93
Sovereigns
» — 9*
Flvefrancs
3
92
a
bH
should
be
price
3
the
Napoleons
reached that plainly checks exports,
dollars.. — 7bia» — 7S
XXReiclimarks. 4 74 -a 4 78 Mexican
~ -«
world's wheat
Do uncomtuerc'l — — * —
4 78 « 4 85
relaxed, as there is no analogy between the
25 Pesetas
-73 ®
' °
sols
Peruvian
75
®15
oo
15
Doubloons.
particularly
March,
Span.
or
4 90
silver.... 4 80 «
situation in August and in February
Mex. Doubloons.lS 50 i>15 70 English
a
7b
dollarswhen there is an incoming crop of such volume as that now Piinegold bars... par -aiH preni. IU.S. trade
of State bonds this
acknowledged to be in the United States. These are merely
State and Railroad Bouds.-The sales
in Tennessee
views pertaining, as we believe, to the general financial inter- week have included more active transactions
$38,000 at
were
in
grain
engaged
any,
sales
if
friends,
total
our
70
and
to
ests of the country,
settlement 3s at an advance
settlement 63 (smaU), lOo
were
$2,000
sales
operations must pardon us for expressing them.
Other
§70.
69^
The open market rates for call loans during the week on $18,000 Alabama class " B," lOS^^OlOe.
the
generally stronger.
to
cent,
rom
1^ 3 p.
Btock and bond collaterals have ranged f
Railroad bonds have been active and
were
call
to
that Atctison mrates
on
2
fact
To-day
2}4
the
c.
to
week
2
last
being
p.
average
523^
called attention
c.
they have since
quoted
at
and
5)4@6 p.
Prime commercial paper is
p. c.
comes were the favorite of the market,
The Bank of England weekly statement on Thursday showed advanced to 571^ at the close to-day, against 53}^ list week.
from the
a decrease in specie of £327,000, and the percentage of Richmond Terminal fives have received an impetus
for
reserve to liabilities was 45-22, against 44-23 last week; the arrangements made by the company with leading bankers
is
cent.
The
advertisement
per
Bank
at
unchanged
l^i
the
remains
and
discount rate
all its" present money requirements,
Northern
of France shows an increase of 100,000 francs in gold and an published of the payment ot coupons on Sept. 1. The
sympathy with the
increase of 1,675,000 francs in silver.
Pacific consolidated 5s are stronger, in
The New York Clearing House banks in their statement of stocks, and sell at 80?^. Oregon Improvement 5ssold Thursday
Aug. 15 showed a decrease in the reserve held of $416,300 at 65; dies. & Ohio 5s, 99^^ Wabash 1st 5s, lOOi^. Reading
and a surplus over the required reserve of $17,617,225, against incomes are a trifle firmer, on moderate transactions; St.
2'1
K. &
$18,420,850 the previous wees.
Louis & Southwestern 2d incomes at 3Ui; M.
Jat Siyy, Wabash
We
m
—
;
;
We
;
incomes at 41?^; Texas
1891.
Aug. 15.
Differen'sfrom]
Prev. week.
1890.
1889.
Aug. 16.
Aug. 17.
60,812.700 60,762,700
59,987,100, j^.oou
54.630,100
402.163,900,415,980,000
.2,950,400
Inc
Loans and dIsc'U 894,080,200
3,«2ti,400
4.'>«,800
a, 873,700
4.7.).'i,800 Inc.
Circulation
'405,760,300 Inc. 1,5 19,300 399,.-j08,100 430,323,.'i00
Retdepoeit«
65,375,300 Dec. 507,500 70,843,200, 70,022,400
eipecle
91,200 28,378,100, 40,911,000
63,682,000 Inc.
bgal tenders.
60,772,700
Capital
Burplue
I
64,147.800!
I
'
119,057 ,'300 Dee.
101,41O,O75|Inc.
Beserre held..
I;egal reserve.
Bnrplnn reserve
17,6I7.2a5!Dec.
—Sterling
416,300 09,221,300|ll0,933,400
387,325 99,877,025 107,580,875
803.625 Def.655,725
3,352,52»
have been without much
animation, but rather firmer the past few days, owing probably to the sales of some stocks for foreign account and to
Foreign Exchaui^e.
bills
limited exports of cotton, as also to firmer discount rates in
London. The actual rates for exchange are: Bankers' sixty
daye sterling, 4 83^(s4 84; demand, 4 86^4 861^;
4 86}i(a4 Sej^.
Posted rales of leading bankers are as follows:
August
21.
rime bankers' sterling bills on London..
r imecotiiniercla\
P .cumentary commercial
r 4ris bankers (francs)
A. luterdam iKuliders) bankers
Franktort or Brenien (relchmarkglb'nkers
Sixty Days.
4 8419 34 85
4 •i-i^ti 32\
4 82I494 82>i
5 23% '15 23's
39'8'»39i5,
94V*9478
cables,
Demand.
4 87
S20»8«5 20
40i8*40»,8
95'aiii95°8
& Pacific 2d
incomes
incomes at Idhdebentures, series B, 38;^; Atlantic* Pacific
Southwestern railroads
All these bonds are the incomes ot
abuudant crops 01
that are expected to have a lift from the
year.
present
the
market
Railroad and Miscellaneous Stocks.-The stock
for
a long
hope
and
week,
has been active and buoyant the past
The
last.
time deferred on the bull side has been rewarded at
stocks
the
and
movement
the
crop situation has been the key to
Southwest have been
of grain-carrying roads in the West and
that the general
doubt
There
is
no
market.
the
the leaders of
bulls
outlook is very strong, but there is some danger that tlie
time being
in grain and in stocks may overdo matters for the
and carry prices too high to be permanently maintained.
Burlington <K
It is not alone the so-called grangers, such as
on
Quincy, Rock Island and St. Paul, that have sold higher
Nashlarge aealings, but the Northern Pacifies, L misville
St. L., and other
ville, Erie, Wabash preferred, C. C. C.
or
stocks, have shown decidedly higher prices on transactions
the
greater or less volume. Union Pacific has lagsjed behind
atjusiment,
rnst ot the list, notwithstanding the financial
with
closing at 36^^. To-day the tone has been pretty steady,
afternoon.
prices a trifle lower in the morning and firm in the
&
&
Among the unlisted specialties Su«ar lias been active reto-day at
cently, selling up on Thursday to 85;>8 and closing
bougiu
8.5^. with reports that the American Company had
to-aay
the Spreckels refineries in Philadelphia. Lead Trust
was strong and active, selling up to 17J.^ and closing at 1d>4Silver bullion certificates are weaker, closing at 9dJ^.
.
August
—
''...
THE (JHRONICLR
83 18«1.J
NEW
YOBIt STOCK
EXCHANttB— 40r/rB STOOKS
247
for veek endrng
AUQ. ai, and
HIOaEST AND LOWI8T PB10K8
JAN.
aince
Malsa
Range
1,
1S01.
of sale* In 1891.
of the
STOCKS
Aug.
Active ItU. Miofka,
Atchison
Atluutic
Toil. \- Wiiiil*
Pai'illo
Monday,
Saturday,
Aug. 17.
15.
SAM 35
Fe
St
35>4
5>9
,
•4%
36%
514
*83i«
TueRday,
Aag. 18.
vvednewi»y,
Aug. 19.
37%
36'4
•4%
5'9
84
84
52
36% 37
a>9
8414
619
84 >4
Tbarsday,
Aug. 20.
36% 37%
0% 5%
•83 14
5078
84
^
Friday,
Week,
Aug. 21.
Share*.
36% 37%
228,065
120
•8314
HIgheM.
Lowest.
24% Mar. 10 37% Aug.
4% Aug. e 6 Jan.
6 84% Aug.
8,070 47% July 30 52% Apr.
2,820 05 <4 June 20 122% Apr.
200 29 Feb. 24 31% Apr.
84%
450 72i4Jnn.
20
IS
10
5OI9
51
51
Sl>9
51% 51
27
II314 11319 112% 113'9 113% 113% 112 113
28
30I9 •29»9 30>9
•29
30% •29% 30%
30
30 *
30 M
80
17 '4
l-'4 17'« l7% 17%
17% 17% 3,620 14 '4 July 30 I97g Feb. •
17
16% 16i< 17
4819
49
48'4
40
47
49
49
49%
49%
2,000
iO^
July
29
47>4
54%
42
Feb.
10
"461s
'27
2914
29% 29% 29'4 29% 29% 29% 29% 29%
28
1,000 22 July 31 34% Feb. 10
29
do
2d prcf
Uo
127 132 128 132 •127 132 '127 135
130 130 •130 135
20 123 May 12 130 Jan. 5
OUOBKu & Alton
X89>4 91
89% 91 14 90
91
89% 90
90,508 75-% Mar. ~ 93% Jan. 14
8718 88%
88>a 90%
OIUCHKO BiirlliiKton f! Qiiinry.
67
67% 2,520 41 % Jan. 3 67% May 1
65% 65% 65111 60% 65% 65% 65% 66 >9 06% 67
Oblcago Si Eastern Illinois
94I2 9419
97'4
91>4 94>4
94 19 941s
95
95%
97
96%
96
1 ,900
83 Jan. 2 97% May 1
Do
I!'''''(17'4
65
07% 66% 67% 66% 67% 160,'204 50% Jan. 2 68 Aug. 18
60% 66% 67% 6714 68
OIUoaKO Milwaukee & St. Paul.
113% 113% 114 114% 113% 114%
1,13« 105% Jan. 3 115% May 1
112% 112^1 113-* 113% 114 114
pref
Do
108% lor
108% 10s% 10,197 102% .Mar 9 111% Apr. 25
107 108
1081s IU914 108 "9 109% 10819 109
OhioaKO A Northwestern
'136
•135 138
14i
137 137
137 I38I9 137 139
340 130 Mar. 18 138% Jan. 12
135
pref, 135
Do
78''8
8OI4
7878
80'4
79»8
78% 79% 107,446 63% Mar. 6 80% May 1
80
75
78'e
76% 76%
Chlcajio Roch Island & PaciHc
25
26
27'4 2714
20% 26% 1,550 21 July 30 29 Apr. 27
25
27
26% 27
26
Chicago SU Paul Minn, ii Oni. •21
•80
•80
•82% 84
84
84
Si's S2's •80
84
100 77% Jan. 29 86% Apr. 22
84
Do
pref. •79
64
6478
64% 38,359 .56% July 30 6678 May 6
6l\ 62 14 62% 64''8 64% 65%
65% 64
Oleve. CIdoId. Ohio. & St. L.
•91
90 July 27 98 Jan. 9
Do
pref.
26
26
2419 25i«
25% 26% 2619 27
26
26% 25% 26
3,335 22 July 31 29% May 6
Colnmliiis llookintfVal. &Tol.
128
128
126% 126% 128 128% 127 128% 127% 128
128 128
1.215 12 478 Ausr. 11 139% Feb. 7
Delawiire A 11 ml sou
135% I3714 136% 137% 136I4 136% 136 136% 136% 136% 19,828 130% July 27 140% Feb.
Delaware l.aoku wanna & West rJo\ 136
•14
•15
16
Id
16
16
16
100 13% July 30 20% Jan. 18
Dearer .Se Kio Uraude
44 45
42% 42% •43
43% 44
41% 42
44
620 40 July 30 OS's Jan.
Do
pref.
•6
57.'>
519
6'4
6% 6%
6%
519
July 30
5H 519
8% Jan. 14
5
Bast Tennessee Va. & 6a
•5H 6
40 53
•45
46
47''8 4779 •47
55
50
100 42 July 20 66 Jan. 14
Do
Ist pref. •45
11 12's 12 12
11
12% 12% 12% 12%
11
891
978 July 30 19% Jan. 14
Do
2d pref. -10>« 12^
•118
125 •118 125
im 125 118 125 118 125
122 125
Evansville &Terre Haute
111% Feb. 5 129 Apr. 2
89I4 90
90% 9014 90
90
»8% 88% SB's 88 « SS^s 89
2,425 72 Jan. 2 92% Apr. 9
Great Northern, pref
•94
*92ia 95
9513 98
97
95% 93%
97
*i)5»9 98
97
600 90 Mar. 9 103% Jan. 14
Illinois (Viitral
'6%
878
8
9
914 Apr. 21
6% 6% -6% 8
8
8
400
6%
6 Aug. 10
lown Central
25 26
•22
24% 24% 24% >24i9 26
23% 25%
213 20 Jan. 3 30 May 1
24
Do
pref. ••J2
13% 13% IS'e U"* 14% 141-j 14% 14% 14% 14% 14^ 14%
1,745 12% July 31 15% Feb. 5
Lake Erie & Western
59 19 60
5812 5918
59% 5978 5978 00% 59% 59% 5,608 53 July 31 61% Apr. 28
59
Do
pref. •58
IIII4 11218 111% II2I4 11119111% 111% 112% 112% 112%
9,370 xl05%Jnc30 13% Feb. 9
Lake shore & Mich. Southern. no's
97I4 97 14
•96% 97% •96% 97%
96% 97 ^ •»6i9 97% •96
98
545 86 Jan. 3 99 July 6
Ij«n« Island
70% 72
71
66% 67% 68% 71
72% 70% 71% 71% 71% 120,614 6578 Aug. 14 82% May 1
Louisville it Nashville
21
19ifl
22% 23>« 23>9 22% 23% 22
22% 1,540 18 Mar. 9 29% Apr. 27
Loulsv. New Alb. & Ohicaifo.
la's 201a
la's
12
13
200
Louisville St. Louis it Texas.
5
Mar. 24 18 Jan. 15
102 102
103 103
101 104% 101% 103%
100 100
Manhattan Elevated »coU8ol.. •98 100
863 95 JiUy 30 109 Apr. 6
20 19 201s "20
21
24
24
21
400 17% July 29 24% Jan. 4
Mexiean Central
19>a 1914 •1919 21
94
94
93
91
94
94
94
Miohitran ( entral
205 87% July 30 96 Feb. 3
•71
-71
71 75
•70
75
75
75
75
75
75
25 70 May 21 93 Jan. 15
Milwaukee Lake Sh. & West.. "70
103
105
106
104
104
103
108
106
108
106
104
Do
19
700 98% May IP 111 Jan. 14
pref. 103
-4I9
4''8
4T8
614
5
5
5
6
5
6
6% 7
Uinneapolls ds St. liOuis
3,010
3% Aug. 3 7 Aug. 21
*9is 12
•lOi* 13
11>8
1% 12% 12% 13% 13% 14% 2,550 7% July 30 I4I4 Aug. 21
Do
pref.
•1413 15i«
"14% 15
1413 15
1478 15
14% 14% 1,125 11% Mar. 14 16% Apr. 30
Mo.K.&Tex.,ex2dm. bends. •1314 14
23I9 •23
22
23
23
221)1
23% 23
Do
23% 23 xj 23% 23
1,901 19% Mar. 6 20 May 1
pref.
Missouri Paclflc
68
69^8
69% O
ecfa 70%
09% 7014 69% 0% 69
69% 45,810 60% Jan. 2 73% Apr. 27
40
4219
4219 42%
Mobile & Ohio
41
43
41% 42
42% 42%
2,492 26 Jan. 2 44% June 3
13 40%
•81
80
80
79% 80
84% 80
84% 84
84
Nashv.Chattanooga&St. Louis 7tt% 84
310 79% Aug. 17 110 May 29
New Vork Central & Hudson. 99
100 10014 101 IOII4 101 101% 102 102
101% 101% 1,610 98% July 28 104% Feb. 3
99
-12% 13
Kew York Chic. & St. Louis .. 12>3 121s 12% 12% •1214 12% 12% 12%
13
400 11% Aug. 7 14% Feb. 10
•66
•66% 67% 65
6719
67
67
Do
65
65
67% 65
67%
155 57 Jan. 2 70 Jan. 29
1st pref.
26 2^% 25 28
Do
2719 2719 •26
28
27
28's •26
100 23 Jan. 2 31% Feb. 10
2d pref. •24
21
22
21% 21^8 21% 22% 21% 21% 37,610 17% July 31 22% Apr. 28
Kew York Lake Erie & West'n 19% 19% 20
2i'e
Do
51=8 51%
54
54% 55
54% 55
54% 54% Si's .54% 55
1,820 47% June 29 56I4 Apr. 28
pref.
36 '« 3678 36% a7i« 36% 37% 36% 37% 36% 37% 20,915 31 July 30 41% Jan. 15
Kew York & New England
3478 3514
New York New Hav. it Hart. 225 230 '225 230 225 235 225 235 225 230 '225 230
Feb. 3
6 271
;225 July
New York Ontario ife Western I5I4 15% 16
16% I6I4 1612 16% 16% 16% 16% 16% 16% 4,215 14 July 30 18% Mar. 17
New Y'orK Susquchan. <k West.
7»9
7
7% 7%
7% 7%
7
7% 7%
7% 1,689 6% July 30 1 1 "4 Feb. 17
29i« 29>4
2t>l4 26>a
Do
28'8 29>2
2719 29 14
29% 28% 29% 1,693 25 Aug. 4 40% Feb. 18
pref.
11
•13
13 14% 13 14%
Korf oik & Western
13
14
13
13>9
15
13
515 13 Aug. 17 lb % Jan. 14
49I2 •49
•48
Do
5014
47 >4 iS'^ 49
50% 49% 50
600 46% Aug. 6 57% Jan. 14
pref. •46
24I9
Northern Paclflc
2314 23 "s
24% 2478 24% 25% 2478 25% 10,825 20% July 30 30 Jan. 14
24
24% 25
Do
6678
6578 66%
66
63% 64'8 6514 66
66% 67% 67% 68% 57,757 58% July 31 74 Jan. 30
pref.
Oh1o& Mississippi
1714 17 14
•19% 20%
19
19
19% 20
18
18
19% 20
1,010 15% Mar. 11 20 Aug. 19
•13
Ohio Southern
•16
15
15
15
14
14
16% 16% 15% 18
17
260 14 Jan. 2 18 Feb. 7
•67
OreRou R'y & Navigation Co.
•68
68
72
70
72
70
72
68
72
70
72
82 Jan. 12
243 65 Mar.
25 14
OreKou i-h. Lino i: Utah North
23 25 24 25
25
21
21
25
25
30 Apr. 23
300 19 Jan.
Peoria Deca-ur & Evansvllle.
1U%
19%
18
19% 19% 19% 19
22 Apr. 23
19% la's 19% 19%
19%
2,460 14% Jan.
Pliila. & Read., vot. trust, cert
29 14 BO'S
29^8 30i«l 30% 30%
29
29
35 IVfty 1
30% 30% 8,735 257^ Aug.
297e 30%
Pittsburg Cinu. Chic. <fe St. L. •14
•14% 16
15
14% 14% 14% 15
18% Apr. 27
le-s •14% 16
200 12% Jan.
Do
59 12 59'9 6OI9 61
647,j Apr. 27
61
60% 60% •59
•59% 63
62
470 48 Jan.
urcf. •57
Pitts. & West , prcf. tr. certs.
421.2
41
40
41% 41
3S>4 38%
39
40
41% •40
41% 5,000 28 Jan. _ 42% Aug. 18
l'ii2
12
Blohmond&WestP'tTerminal IIJ4 It's ll'e I214
12
12% 12% 12% 12
12% 20,405 10% July 27 19% Feb. 7
5678 57%
58
58
51
55
55
57
57
55
pre'56
56% 2,175 49% Aug. 11 76% Feb. 10
„. J*°
Rlo Grande Western
-36
•36
37
37
38
37
37% 37%
560 23 J u. 2 44 May 1
38%
38%
Do
66 12 66i« •65
•67
68
67
68
68
200 55%Jau. 2 74% Apr. 30
pref.
„
Some Watertown & Ogdensb 106% 106% 106 110
107% 107% 107 107
106 108
100 108
220 xl05%July31 111% Apr. 18
St. Louis Alton & T. H., pref. •125
125 135
135
125
125 135
125
Jan. 6 122 '2 Jan. 3
...... 120
St. Lou. & Sau Fran, ,1st prcf
•70
•70
•70
71
•70
70
70
78
55 Feb. 16 70'9 .Tuly 15
St. Paul & Duluth
•27
•21
•31
36
32'4 3214 32% 34% •32% 34%
37
32
300 24 Jan. 15 36% July 6
Do
95
95
97
95
97
95
98
97%
300 85 Jan. 5 99% July 27
pref
St. Paul Minn. & Manitoba .. •idi" 106
Feb
106 107% 107 107
6
105 105
ibe" 108
106 108
1,238 100 Jan. 2 1 1 1
fioulliern Paclflc Co
3414
37
33
3414
35%
36%
37
35'9
Jan. 16 37% Aug. 20
36%
37%
36%
37%
4,5.50
23
_.
""'
Texas&Paeiflc
14
1214 12%
13
13% 1378 13% 13% 13% 13% 5,490 11% July 27 16%Jtn. 14
l-^'9 13'9
Tololo Ann Arbor & N. Mich
14>4 1414' 15
16
15% 15% 15
15
15%l 15% 15%
15
1,110 13 June 30 20%dan. 13
Toledo & Ohio Central
50
50
50
50
45 Apr. 6 61 Jan. 13
50
50
"
Do
•76
•76
*76
•76
•76
•76
80
78 June 8 88 Feb. 18
pref
Onion Pacific
35 "4
36% 37^8 36% 38% 36% 3778 36% 37% 35% 37 160,790 32% Aug. 11 52% Apr. 28
Union Paclflc Denver &' Gulf
19
18% 18% 18% 18% 17
19'9
19
15% 18
18
18
1.462 14
Aug. 11 24% Jan. 14
Wabash
10''8 11 >4
11% 11% 11% 11% 11% 11% 11% 11% 4,640 8% Mar. 10 11-% Aug. 20
lO's 11'8
Dc
24
24I9I
24%
23%
23%
24%
24%
2478
1678
Jan. 2 2178 Aug. 20
23%
24% 23% 30,553
pref
24%
Wheeling & Lake Erie.......!
33
33% 33% 33% 33% 33% 33% 33% 6.490 29% July 30 37% May 6
31% 31''8 SI'S 33
Do
74
75%'
76
7416
75%
75%
73
75% 74% 75% 74% 75
2,130 67% Jan. 2 79% Apr. 27
pref
'9
Wigconslu Central Co. ....
17'9 17'9
20
19 , 19
19% 19%
20
10
19
505 15 July 30 23% Jan. 14
Csiinitiun I'aiilk'
Caniiiht Siiiiihi III
Ceiitnil "t Ni'w Jersey
Central IMiitlc
ClnwaiKiikr A O., vol. tr. cert
do
l8t pre(
Do
49
112
49>«
112>s
49 >a 51>4
II219 11314
.
.
U
5%
6
iim
1
UH
41%
12%
. .
7
28%
49%
14%
I
^^
I
I
I
1
I
_
mUevllaiieuiiH Stocks.'
Amerleau Cotton Oil Co
•20
20>9
Do
•38
40
i>ref
Am. Sugar Ref.Co.,to«up. ctta'. •78% 79%
Dn
pref.. temp. ctfs. *87'9 89
Chicago Gas Co., trust reo'ts.
Ciolorado Coal
&
Consolidated Gas Co...
m«tllliugA -attic Feed's Co.
galson General Electric
national Cordage Co
Do
pref
National Lead Trust
North Anierienn Co
.
Oregon Iniproremeut Co
Silver Bullion Ceriitlcates....
07
."",..
Ji
Iron
...
pref.
western Lnion Telegraph
4619
BO'S
21%
n
80%
89%
4714
•97
90
99
15%
13%
33
69
182
•99
28
'80
80
21% 22
41%
79% 80%
I
40
8878
46%
21
21
40% 41
80% 84
89% 8976
16% 47%
32% 33
89 14
48I4
31%
32
•94
32%
95
95
99% 99%
46%
99%
46% 46%
101
91
46
99
9973
92
9078
99
•93% 95
95
45 19 45% 4578 46I4
.
PaciHc .Mail
Pipe LineCertifleatesY'!!!;!"
Pullman Palace Car Co
Tennessee Coal
4618
3919
*93'9
20%
39%
79%
89%
46%
31%
9II4
9^14
1418
99% loo
15% 16
14% 15%
29
23
23
33%
3379
317g
15''8
14%
•24
80'j
;
80% 81%
1.514
no sale
nia<le
S2
^ Prices
84% 86
89% 90
47% 48%
34% 3478
45% 46%
45% 46
98
967?
95-9
98
21% 22%
45
'
15%
27
963
1478
25
,0.->6,
;
!
'
'
8.1
34
Jan. 17
Feb. 27
Ja I. 2
9-'% Apr. 10
June 9
96
55% June 18
27% July 30 39%
2 99%
4118 Fob. 16 49
88 Jan. 3 111
,2351 73% Mar. 11 104
]
I
57'..,
Apr. 22
Apr. 23
29
53
1578 Jan.
33% Jan.
,280
,315
9678
27
,805
,394
,670
,775
,725
200 92% July
96
96
92% 93%
99% 99%
1578 17%
14% 15%
91% 94
99 99%
15% 1578
,360,
45
98% Aug.
14% July
11% Jan.
18 110%
Mar. 16
Apr. 30
Jan. 12
Feb. 5
May 27
May 7
Jan. 17
19% Feb. 13
,965
310 15% Jan. / 32% May 1
27
34
35% 31
34% 34
5 ,809' 31% Jan. 26 41% Feb. 26
Feb. 10
64% 65% 61% 03% 6378 64
91 ,000 51% Aug. 7 81
1S5 185
753 175 July 31 196% Jan. 14
185% 18>% 183 186
98% 99
98% 99
98% 9-i% 157 ,000, 96% Aiir. 22 107% Jan. 14
30
30% 30% 30% 80% 31% 7 780 24% July 30 39% Jan. 16
82 86 •80 86
200 80 Jan. 6 88 Junelt
83
85
A >.r 1 •»
Sl% 11 94« 76 J-.'i
81% 8178 81% SI 7,
25
33
34% 35%
81
98
92
99% 99%
15% 15%
14% 14%
2-<
7014
6ti%
64
66
66
182
182 182
185 185
99%
99 Is '"2'8% 99%
28
2978 30%
30
•80
•80
86
86
8«
These are the prices bid and askoi
97
98% 98%
15% 16
95
21% 22%
44%
83% 95%
88% 91
47% 47%
33% 34%
42
from both Esoilangas.
xExdIy.
t
Bx
rlgat*.
2-1
'>
21
'«
.
—
.
—
.
1
THE OHRONKJLE.
248
iContlnnei)~I!fAOTIVE STOCKS.
NEW YORK STOCK EXCHANGE PRICES
Aug. 21.
Jtange (sales) in 1891.
MockB.
Riillr«i«<<
35
.-100
Albany &8usqiiehnnpa.. ---lOO 160
92
Atlanta &Cliarlotte Air Lit... .100
JlelleviUe & South. 111. pref....lOO 135
Boston&N.Y. Air Line prel.... 100
Jjataraa
& YickburgH....^.
100
100
100
Brooklyn ElevatedT
Buffalo Rochester & Pitts
Preferred
Burl. Cedar Baplds & Nor
Certiir
Chic.
Falls* Miunesota
&
Atl.,
1621a Mar. 1671a
21
30
38^
29
74
20
Jan.
Jan.
Apr.
39% Aug.
Mar.
81s Apr.
135
99
BO'S
;
26
10
3%
5%
Benof. trust rects.lT..
Memphis & Charleston
Mexican National
Morrls&Essex
June
15
6
15
Mar.
J.an.
4
Apr.
July
Mar.
Feb.
Jan.
July
96
16
May
4
Mar.
June
Mar.
July
July
Jan.
Feb.
Feb.
26I3 Apr.
86I3 Apr.
8% Jan.
81a Jan.
Feb.
1314 Apr.
301a Jan.
63 Jan.
May
85 Jan.
1091a Apr.
40 Jan.
Jan.
I3714 July
Jan.
]48i«Mar.
110 Mar.
70
oO,*
July
Apr.
101
33
5
50
25
100
50 tl44^
Aug.
32
eisMay
Feb.
Feb.
Apr.
Jan.
—
Preferred
81
June 152' Jan.
50'147is,150 144
Cleveland & PittslnirR
100
Columbia & Greenville pf
100
5% 71s 41a
Des Moines & Fort Hodge
25
12
100 13
.Preferred
6
5
100
41a
Duluth S. bore & Atlan.TT
12
12%
9
100
Preferredll
23
20
100
161s
Flint A Pere Marquette
79
78
100 74
Preferred...
7
6
6
100
Gtorgia Paciflcir
5
Gi.en Bay Win. & St. Paul.... 100 t 7%
2
3
100,
Houston & Texas Central
90
90
Illinois Central leased lines.... 100!
100*
15
14
Kanawha & MichlKan
6I4
100*
1
Keokuk & Des Moines
100'
14
7
7
Preferred
26
Ixinisv. Evans. & St. Lo., cons. 100
55
lOOi ....
Preferred
l.ou.8t.L.&Tei. Seeprecedlngpagel
Mahoning Coal
May
June 140 May
June lO.^isFeb.
30 Apr.
Apr.
lOOl
100|
100,
California Pacillcir
165
94
100
104
H. Y. Lack. & Western
20
16
100 15
K. Y. & Northern pref
5
100
6
8
Peoria & Eastern
15118 149
Pitts. Ft. Wayne & Chicago .. .10" 151
No price Friday latest price this week.
514
Mar.
June
Jan.
.
22
May
Apr.
8 Jan.
I5214 Mar.
Indicates actual sales.)
Aug. 21.
Pittsburg & Western
Rensselaer & Saratoga
St. Joseph & Grand Island
St. Louis Alton & T. H
St. Louis Southwestern
Preferred
South Carolina
Toledo Peoria & Western^
Toledo St. Louis & K. CitylT
Virginia Midlaud
175
1891.
Blghesl,
165
Aug. 185
6
36
May
June
Juno
Apr.
Apr.
5
Feb.
2612 Jan.
6
12
13»6
5
t
100
100
7
15
719
16% May
Aug.
91s Feb.
31a Jan.
17
10
14
Mar.
148
42
142
Jan.
15% June
100
Lehigh & Wilkes. Coalfl
Maryland Coal
Minnesota Iron
National Linseed Oil Co
New Central Coal
Ontario Silver Mining
Pennsylvania Coal....
Phila. Natural Gas
Postal Telegraph— CableU
Quicksilver Mining
100
100
100
100
Preferred
.
150
Feb.
113 Jan. 123 Feb.
8OI4 78 la June 821a Apr.
98I3 97 Aug. 101 la Mar.
9 June 21 Jan.
26 Feb.
14'8July
69 June 80 Mar.
81 July
86 July
14 July
19% Jan.
106 1031a Jan. 1081a Mar.
27
28 July
231s Mar.
15
2013 Jan.
12 July
60 Jan.
40 May
15
18
1 6
Mar
16 Mar.
IH
20
15 Jan.
191a May
73
68 May
81 Jan.;
23
25
22 Aug. 42% Jan.
9I2 July
10
12
12 Jan.
40
38
Aug. 44 Jan.
371a
260 280 260 May 290 May
23 Fell.
24 May
30
25
34 Jan.
38 Feb.
5
4
July
51a
6''e Jan.
36 June 40 Feb,
171* 173» 14
Mar. lO'sApr.
60
5013 June 70 Jan.
57
138 143 137 Jan. 145 Feb.
100
100
100
100
100
50
50
.,
{sales) in
Lowest.
.50
100 165
lOO
100 J 30
miscellaneous Stocks.
Adams Express
100 145
Americtn Bank Note CoH
39
100 ;118
American Express
100
Am. Telegraph & Cable
American Tobacco Co., pref. ..100
I014
Brunswick Company
100
Buckeye Pipe Line
Chio June. Ky. & Stock Yards. 100
100
Preferred
Columbus & Hocking Coal
1 00
100 105
Commercial Cable
100 24
Consol. Coal of Maryland
100
Laclede Gas
100
Do
pref
Texas Pacific Land Trust
U. S. Express
Wells, Fargo Express
Ranje
Ask.
Bid.
U Indicates unlisted.
Bighest.
Lowest.
Ask.
Bid.
H Indicates unlisted.
(i
Inactive Stocks.
INACIIVB STOCKS.
Lm.
[Vol.
.100
;
NEW YORK STOCK EXCHANGE PRICES.—S2Ur£ BONDS AUGUST
SECURITIES.
New Tork
City
to 5
(00<
S
Kftnhattan Co
KerchantH'
Mechanics*
America.
Pbenix
City
Tradesmen's
Chemical
Merchauta* Kxchange
GallBtin National..
..
Batchers* & Drovers',
Mechanics* & Traders
Greenwich
I,eatnel Mannfact'rs.
Seventh National
New
Vork....
Ameilcan Exchange..
Oommerce
Broadway.
Mercantile
Paolflc
Peoplea*
North Americft.
Hanover
Ir»lng
Cltizeas*
'KMsau
Msrkettt Fnlton
Bt. Nicholas
Oom
Leather
Exchange
ContlnentaL
Oriental
Import«n' A Traders'
Park
Kaet River
Foarth National
Central Kationnl
Second National
Ninth National.
First National
Third National
K. Y. Kat'l Exchange
Bowery
Hew
York Connty...
Qemiac-Araerlcan
Obase jiational
.
Fifth Avenue
Censan £xcluuiffe.
.
CtannaoU
Valted 8Ute«
Iilacoln
Garfield
Fifth National
Metrop...
Bank of the
Wert Side
Seaboard
Sixth National
Western National....
Vint Nattonal.B'klyn
IVWal
.
3
105
84
101
•
for the
Loans.
$
12,210.0
1,531.3
P00.7
1,900,1
9,d<lo.O
2,12i^,0
400,0
200,0
600,0
300,0
432,8
140,5
674,0
1,200,0
8,000,0
6,000,0
1,000,0
1,000,0
476,5
2,068,6
3,271,5
13,746,3
4,613.0
9,759,8
1,912.5
21,933.3
8,380.7
4,847,4
1,69«,5
2,V80.0
1,194.0
2,844,4
1,242,9
3,238,9
15,537,0
17,799,6
6.612.1
8,316,5
450,0
200,0
700,0
1,000,0
600,0
6OC,0
600.0
760,0
600,0
600,0
1.000,0
1,000.0
300,0
J,600,f.
•/,000,li
442,9
2,607,3
108,6
6,803,7
141.2
1,639,4
294.7
66,3
1.631,4
987,6
429,0
968,8
814,5
812,9
673.6
l,eS3,ti
284,5
415,1
245,1
763.8
123.1
244.2
1,207,9
•,!112,2
800,0
750,0
600,0
1,000,0
800,0
i60,0
aoo,c
760,0
600,0
100,0
300,0
aoo,soo,
800,,
300.0
160,0
800,
300,
600.
0.0
200,
8,600,
800,
615,3
363,0
263,3
6,834.e
28.2
161,9
499.7
673,0
200,6
1,013,3
845.9
6UG,6
474.2
632,1
353,9
869,4
S97,7
616.'
247,
175,
868,
•i96,
788,1
LeoaU. OtKit-u.
t
S
1,533,9
196,1
187,8
216 8
653.0
735,0
1,490,0
648,0
4,720.0
156,0
1,333,9
770,0
772,1
183,6
310.0
99.3
309.7
149,4
11,640.0
9,655.0
6,808,3
7,649,0
13,625,8
Ask.
l,(iOi,9
4,478,2
1,683,9
2,155,0
1,124,5
2,115,0
l.d05,7
Si^O.O
'2,736,5
3.609.0
4.168,8
310.3
1,472,0
13,528.0
10 299,3
5.699.2
1,0.")3,4
68:,n
231,3
487,7
1,017,0
5u9,9
180,3
S44,0
613,y
196,3
408,U
219,0
284,5
371,0
2,992.0
2.817.-^
•2,413,2
191,1
4,045,5
12,616,1
2,96i,0
2.687,5
2,785.1
s.oei.s
1,813.9
2,7^0,0
7,405,1
4,875.1
664.0
4,636.(1
2,439,9
22,226,0
3,164,5
1,623,9
a.361,U
3.063,6
2.885.9
10,811.4
4,61'AU
2,80'^,2
2,547.1
4,063,
8,809.5
8,619,7
1,86-2,5
4,U1'.3
2,012,0
3,754,0
1,636.0
9 7T6,9
3.810,0
4,235,7
600,9
611.2
292,2
403,c
1 1'2,4
512,0
1,2)3.1
1,186,3
161,0
3,764,0
3,860,0
105,1
4,149,3
1.223,0
1,002,0
568,0
2,916,6
274,0
H3,3
534.0
7(0.0
876.
2,250.
983,
168,
80O.
730,
1,256,
663.
839,
72i.(
S43,<
4><9,i
1!>2
tl31,
81
4,1
400,6
1,997,7
3403.0
164,4
2,303,2
819.0
3il5,0
255,8
2,210.1
60li,«
207.4
160,0
10S,4
85,6
1,720,6
237,9
6(i2,d
1<98 -
491,9
376.0
249,6
204,5
893.
-313,
874,
120,1,619,6
218,'
Bahes.
Sxtrvlut.
$
...
25
.Vtw.
1
•
15..
8
..
13,.'i41,U
4,702,4
8.781,0
2,950,9
11,4S9.9
5,9!J2,S
2,976,7
4.621,7
14,328.4
3,369,0
2,860,1
Ask.
Bid.
S.O. (cont.)— Brown consol. 6S.1893
94
1892-1898
Tennessee— 6s, old
62
Comiromise, 3-4-5 -6s
1912 72
New settlement, 6s
1913 101
5s
1913
3s
1913
97
i04"
100
7OI3
Virginiar— 6s, old
68, consolidated bonds
6s, cousolidated, 2d scries, rects.
68. deferred, t'st rec'ts. stamped
dc
V. Vork.'
.Inly 18
SECURITIES.
1
'
'...'"
Boston and Philadelphia Banks:
City,
capital
I
Loans.
Specie.
L'nali.
DevoHta.-- Cirr.l'nlOleartnts.
$
125,525, 7 392.179,0 67,599,8 53,093,6 108,,810,9 3,732,31381,706,8
121,920, 5 :i90,5«l,l 68.339,0 J3,06'1.0 406,,7.^,7 3,913.6 479,178.9
124.920 ,5 389.05O,8j66,611,O 34,145,3 405,,101,8 1,0H5,6:514.947.5
124,920 5 391, I29.H, 65,883,8 53,590.8 104,,211,0 4.29'J,0 547,308.3
1'24,920,
394,080,2 63,376,3 53,682.0 405,,7611,3 4,765,8'531, 431,9
Boston.
A«..
.....
4,.757,0
13,849,4
1.70J.8
21,618,0
2,132,0
320,6
872,1
8D9,6
187,0
1,117,6
2.(180.0
137,0
I
6.326,8
7'<6,0
8,218, !i: 2,041,0
2,304,2
508,0
2,404,1
166,2
6,173,3
838,0
813,2
219,8
130,0
160,0
21,396,0
21,31^,7
1.107.9
16.466,0
7.032,0
1,848.1
Spectt.
New .York
in all cases.
;,K«o,o
416.2
260,0
(00)
1,160,0
2,055.0
6, 1211,1'
2,6',i2,i
3,200,0
2,000,0
week ending Aug.
two ciphers
1,82.1,0
1,600,0
Cmtham
&
8
2,0U0,0
2,050.0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
760,0
800.0
600,0
1,000,0
300,0
422,7
Bepoblic
Shoe
90
150
We omit
B>^.
New York— 6s, loan
1893 101
106
North Carolina- 68, old
JAJ 30
100
Funding act
10
1900
100
New bonds, J. & J. ...1892-1898 20
15
Chatham RR
4
190
Special tax. Class 1.
4
7
10
Consolidated 48
97
1910
98
1919 122 126
6s
"ii" Rhode Island— 6s, cou 1893-1894 101
South Carolina— «8. non-fund.l 888
21a
105
95
OavitoL SvrvlHs.
omUted.)
Buk of New York
State of
lOQia 101 14
Bank Statement
15, 1891, is as follows.
SECURITIES.
Ask.
Bid.
1906
1906
Class B, 5s
1906
aassC,4s
1920
Currency funding 48
Arkansas— 68,fund.Hol.l 899-1900
Non-Holford
do.
7«, Arkansas Central KR
1914
Ijouisiana— 78, cons
Stamped 4s
1 894-1 895
iltsBOUrl-FuTiiI
AUbama-ClasB A, 4
21.
"
13...
Phlla.*
Aug. 1...
63.342
66.812,
66,842,
152,917,1
152.019,3
150,951,7
8.356,0
8.240,5
8,067,1
5,561.7 134,,262.8 3,447.6'
5,181,2 123, 042,5 3,500,2
5,582,4 122,,846,113,581,8
82,754,8
95,060,4
77,083,3
93,068.0
29,099.0
61.897,0
94, 581.0 2,111,0
28,161,0
68. 646.7
93, 237.0 3,171.0
27.397.0
93, 306,0 2,292,0
50,328,8
• ire omit (ICO <:ip'i€ r» in all tluie lli:irei.
tlaclulUif, f or a jj ,oa aa J Phil adelphla, the item " d ue to other banxs."
"
15...
35,793,
35,793,
85,793,
93,780,1,
04,139,0
Citr Railroad Secarltles— Brokers' Quotations.
no
Drv Dock B. B'y & B.—
Atlantic Av., B'klyn.St'k.
1
Scrlp6»
P4A
BlKhth AT.— Stock.
EigllthAv.— Scrip, 88,1914
42a & Gr'nd St. F'ry-Stk.
Ist mort., 78, 1893. AAO
Oen. M.,6%19(j9...a&0 103
ai'olcerSt. Ji Fill. f. -stk. 2S
Istmort, 78., 1900-.J&J 110
Sr'dway Jt 7tliAv. -St'lc.. 190
1st mort., 5». 1904 .J,.tD 102
2dmort.,5s, 1914. ..J JiJ 100
'24 100
tJ'Tvay Ist. 5s, gu
2nd 68, int. aa rent., '05. 90
Brooklyn City— Stock
160
latmort., 5s, 1902, .J&J 100
B'klyncroist'n 68., 1908 108
Bkn.C'y&N'u5.f,1938 J&l 100
'2,l;f8.6
Jancral Crosstown— Si'k..
4,003,4
1,713,6
3.287.0
6,665,4
5,660,1
1,930,0
Ist mort., 68,19'22.M&X
Cent. Pk.N.A E. Riv.— Stk.
Consols. 78, 1902 ...J&D
Dry Dk.lS.B.,fe Bal'y— Stk.
1st mort., 7s, 1893.. J&D
99
210
105
240
102
42ilSt. Mauh.A St.N.Ave.| 37
1st mort., 6.8, 1910.. M&S 110
2d M„incoiu6,88....JaiJ| 47
Hoast. W,St.& P.F'y— 8tK.!200
1st mort., 7s, 1894. .J4J 100
Niuth Ave
Second Ave.— Stock
1st mort, 58, 1909. MAX
SlitU Ave.— Stock
Third Ave.— Stock
latM., 5s, 1937
JAJ
Twenty-third St.- Stock..
1st mort. 78,1893
115"
110
112
125
100
109
245
IDS
40
113
60
2'2,42»,0
25,813,0
938,6
18.145,7
7.746.0
6,427,0
2,960,1
20,089,7
2,931,1
1,386,9
2,l44,u
3,3o7,l
2,5i3,G
13,010,8
4.814.4
8,12(1,0
2,S20,U
4,437,0
4,75l(,o
4,090,5
2,008,1
4,660,2
2,108,0
4,21^.0
Bank Stock List— Latest prioe3 of batik stocks this week.
BANKS. Bid. Ask. BANKS. Bid. Ask. BANKS. Bid. Aak
202 210
ialUtin
4.meTlca
300 330
New York... 235 |245
Am. Bxch... 149
295
Bowery
Broadway...
2.-0
BatchB'<fcU.'. 173
Central
125
400
Chase
Chatham.... 100
Chemical.... 460G
460
160
Citiisns'
250
Colombia
Commerce... 185
Continental 138
Corn Kxeh... 240
Deposit
Kast Biver..
nth Ward...
Fifth Ave....
112
1S6
310
275
Gamold
400
(jlerman Am. 118
German Ex. 300
183
135
German! a
300
Greenwich..
145
155
4 OS
Hanover
346
Had. Klver.. 140
lm.
175
Leather Mis' 240
Lincoln
370
Manhattan... 173i« 178
Marketdt Pol f."0 2'27
Mechanics'.. 190 21)5
M'chs'.t Trs'.
2i0
Mercantile... 213
Merchants'..
i.'j'lj
1-20
Merch'ts Ex. 118
Metropolitan
7
10
......
190
142
230
......
200
2000
300
2000
<Sl Trad's' 320
Irving.
187
l,28.^,u
PUth
First
First N., S. I. 103
Utb Street.. 170
112
Mt. Morris
168
iYo
Murray
Nassau
Ponrth.
355
156
530
191
260
4900
500
H,457,3
3,863,0
60.772.7 64.147.8 894.080.2 86,376.8 63.688.0 4nfi"7mra
1-25
Metropolis...
N.Y. Coauty.
N,Y.Nat.EX.
Ninth
19th Ward..
Park
People's.
165
175
300
298
334
Phenix.
128
Produce Ex. 113
Republic .... 172
Seaboard .... 171
13,1
186
.
320
I'iU
.•••
ShoeALeath. 146
St Nicholas. 121
State ot N.Y. 109
Third
136
116
104
i)5
90
Unit'd States
..
140
120
150
N. America.. IGO
Oriental
210
Pacitio
186
3.=iO
Hill. 500
600
130
103
Western
West
•200
97
Side... 2U0
Si
98
1......
F
J
.
AcauiT
THE CIIRONlCLi
28, 1E91.)
f^
Active Stocks.
All)?.
& S. Fe
Atlaiitit" A Piip.
•4«8
100
100 •80
100
"
2il prpf.Trrd
100
Boston A Altmuy Boston) 100 201
Boston & Lowell
100 176
Boelon A Mnhio
100 175
Central of Muxs.
100 •l?"*
Prercrivil
100
•'
Baltlniori' ,k Ohio (Bait).
"
1st profiTrcil
131
'41
•5
19>9
177
175
100
•'
100
"
FreteriiMl
100
Hnnt. & Ki-.Top.CP/ii/a ). 50
"
Preferred
CO
"
Lehigh Valley
50
"
Phlla.AKeadinK
50
50
100
United Co.s.of N.J. (Ph ila.) 100
WosternN.Y.&ParPAiVa.; 100
("Boston;
Union Pacific
.
"
.
88>t
6
89
5
18
SSh
66%
9018
6758
•20
69
22111
47%
4513
47'e
441a
44^
48
48
'63"
202
72
7113
1958
3513
100
63^
Preferred
Bell Telephone..
79>!!
8SI9
100 '179
4214
25
ISig
25
"
2nis
3658
Bo«t.
A. Alontaua
Butte & Boston
.
Calumet AHecla
Canton Co
25
^u 250
(Bait.). 100
"
Consolidated Gas
100 44
Erie Telephone CBostoiU.lOO
45 >4
Lamson Store 8er. "
19
50
Lehi'hCoalANav 'riiU.j 50 46%
N. Ens. Telephone cy?'«Cn;100 49
North Americiui. CP/i(f.J.100 14
Thom3on-U'uEl. V(Bost'n) 25 40 H
Preferred
K
West End Land..
*
Bill
"
2419
1714
2.t
"
and asked
prices;
72
7119
44
48
120
202
46%
461a
14%
.
250
30
8%
39
56% 57
123
ieo'
67
65
24%
24
100
100
Ist prefer«od
••
100
West End
(Boston) 50
71%
Preferred
"
50
81%
West Jersey
(Phila.)
50
59
West Jersey & Atlau.
50
Western Maryland..
(Bait.)
10
50
Wiini. Col. A Augusta
"
100 107
Wiimiagt'nAWeldou
"
100
Wisconsin Central... (Bo«to)i) .100
19
Preferred
"
100
Worc'at.Nash.ARooh.
"
100
,
72
82
60
33
.
.
.
Frenchiu'n'8liayL,'u(i
"
"
"
Kearsarge Mining
"
Morris Canal guar. 4. (Phila.)
Preferred guar. 10
'•
Oiceoia .Mining
(Boston)
Pewal)ie .Mining
••
Pullman Palace Car..
Quiney Mining
Tauiaiack Mining
"
"
Thoins'nKlec.Wfi''.V<l
"
1 unlisted,
i
"
•5
73
20
131
119
203
1514
421a
2413
24I9
17''8
461s
5II4
28
15
2S
51% 51%
27% 27%
153,,
I5I16 I314
130
200
338
654
59
10,263
9,876
460
li',430
26,361
10
13,191
1,128
17,583
950
36%
223
3714
8I4
8
36
224
224
101
8
8
612
•
367;
8314 8558
84% 86
90 14 90%
i82'" i82"
181 182
44 14
44
44
44
182
44
I6I4
16% 16%
IGis
60
44%
45
44%
16%
250
250
59
44%
45
45>4 46
60
45
46
•18% 19%
18% 19
47
47% 4714 47%
191s
47%
5OI4
1478
4214
14% 14%
50>4
1.5%
43%
24% 24%
17% 1778
4214 4258
241s 241a
1758 17%
18
60%
15%
5014
1514
43
43
24%
2478
17%
18
33,453
(Boston)
"
"
EL tr. rec.H
Bonds.— Boston.—
Ask.
3
6778 Aug. 18
31
Jan. 9
7 Jan. 6
22 May 23
83% Jan. 5
Mar. 19 26% Apr. 23
July 30 8658 Apr. 23
17% Jan. 2 25 June 16
43% Mar. 20 48% July 11
Feb. 8
4578 .Tune 4 51
120 AUR. 18 146 Feb. 11
17i4July 31 24% Jan. 1«
31 July 31 4158 Jan. 15
94 July 31 116% Jan. 15
63% June l"? 66% Feb. 6
20>4 July 30 2958 Jan. 13
58% July 31 74 Feb. 10
1G2 July 29 168% Apr. 28
4958 May 19, 53 Apr. 29
24 July 30 32 Feb. 10
12'5,,AUR. 4 177i. May 1
4% Feb. 5 678 Aug. 18
3214 Aue. 11 52% Apr. 28
222 Jnly 31 230 Feb. 5
6% July 31 9 Feb. 11
18
85
i
58% Jan. 17 92% Apr. 20
84% Mar. 11 96% June 9
218 173% Aug. 6 220 Jan. 14
I.OOh 39% Jan. 21 46% Mar. 31
3,025 13% Jan. 2 17 Jan. 14
114 240 July 31 280 Mar. 31
150 49% Jan. 27 60 Aug. 19
350 42 AuK. 1 49 Jan. 14
14fc 43% Aug. 12 50% Mar. 31
91 15 Mar. 30 24 Jan. 9
2,671 44% July 31 48% Feb. 10
10 47% July 30 53 May 5
2,520 1179 June 23 19% Feb. 17
5,240 x38% Aug. 5 49 Jan. 31
740 24% Aug. 14 26 Jan. 5
3,575 11553 July 31 24% Apr. 23
tEx
100
100
50
Feb.
93% Jan. 13
15,459
1,167
div.
Bid.
40
Mar. 14
6
Apr. 8
Apr. 16
Jan. 20
lH3%Feb. 5
200% Feb. 13
20% Jan. 19
550 17 Mar. 14
107 69% AuR. 14
74
'78
rights.
Bid.
Bonds.
Ask.
1919, Var 112
2%l
Coliat. Tr. 4% g
1913, JAD
ll%j 12% Pa. A N. Y. Canal, 78
1906, JAD 119%
II214
ConsoI.3s
1939, AAO 111
80%' 80% Perkionion, 1st 8er.,59.1918, Q-J
lOlia
57%' Puila. A Eric gen. M. 5g.,1920, AAO 112
57
112
Gen. mort., 4 g
1920, AAO
98%
78%
fl02% Phila A Read, now 4 g., 1958, JAJ
Ist pref. income, 5 g, 1938, Feb 1
S2%
85
100
2d pref. income, 5 g, 1958, Feb. 1
35% 331a
99
3d pref. income, 5 g, 1958 Feb. 1 27% 28
99
2d, 7s
1893, AAO 107%
ConsoL luort. 78
84
83%
1911, JAD 126
90
Consol. mort.6 g
1911, JAD 113
94
ImprovementM.6 g., 1897, AAO 105
Con.M.,5 g..8tamped,1922,MAN 101 101>«
88
PhiL Wilm. A'Balt., 4s. 191 7, AAO
96
97
iis""
Pitts. C. A St. L., 78.... 1900, FAA
,105
4979 50 1«
120
Po'keepsie Bridge, 6 g.l936, FAA
8chuyLR.E.Slde,l9t5 g.l935, JAD 105 105>a
Stcuben.AInd.,l8tm.,5s.l914,JAJ
104
119
United N. J., 6 g
1894, AAO, 103
109"'
Warren A Frank., l8t,7s,1896,FAA
Ponna. Consol.
5s, r
'
. . .
At.Top.A8.F.100-yr.4g.,1989, JAJ
100-year income -t g., 1989.8ept.i
Burl. & Mo. River Exempt 6s, JAJi
1918, JAJ
Non-exempt 68
1910, JAJ
Plain 48
Chlo. Burl. A Nor. 1st 5,1926, AAO
1918, JAD
2d mort. 6s
1896, JAU
Debenture (is
Chic. Burl. A Quiney 4s. .1922, FAA
1919, AAO
Iowa Division 48
Chle.A W.Mich, gen. 58,1921, JAD
ConsoL of Vermont, 3s. 1913, JAJ
iCurrent River, 1st, 5s. .1927, AAO
Det. Lans. A Nor'u M. 78. 1907, JAJ
Eastern 1st mort. 6g., 1906, MAS
Iree.Elk.AM.V.,l8t,68.1933,AA0
Unstainpedlst, 6s....l933,AA0
K.C.C.& Spring., lst,5g.,1925,A&0
K. C. F. 8. A M. con. 6s, 1928, MAN
K.C. Mem. A Bir.,1 91,58,1927, MAS
K.C. St. Jo. A C. B., 78.. 1907, JAJ
L. Rock A Ft. 8., Ist, 78. 1903, JAJ
Lonl8.,Ev.ASt.L.,l9t,6g.l926,AAO
1936, iAO
2m., 2— 6 g
1925, AAO
Mar. H. A Ont., tis
1923, JAD
Exten. 68
{Mexican Central, 4 e... 1911, JAJ
g,non-cum.'
incomes,
3
1st consol.
2dcon.sol. ineouies, 3s, non-cum.l
:N. Y. AN.Eug,, Ist, 78, 1905, JAJ
1905,JAJ
Istmort. 68
1902, FAA
2d mort. 6s
I
85%
Bonds.— Baltimore.
106
i
t
102
99
71% 72
34
20
Scries B., 6g
1916, JAD
1916. JAD
Series C, 6 g
Cent. Ohio, 4% g
1930, MAS
Chart. CoL AAug. Ist 7s .1893, JAJ
g..l929,
JAJ
Ga.Car. A Nor. 1st 5
1900, JAJ
North. Cent. 6s
35
21
.118
|
too
2dmort.,8caled, 3S...1902, FAA
Ogden. A L. C.,Con.6«.1920.A&o§
1920
Inc. 68
1902, MAN ;t
Butlaud, iBt, 68
1898, FAA itlOO
2d, 58
Bonds.— Philadel ihia
Allegheny Vai.,7 3 10s, 1896, JAJ 107
,.
Atlanta A Charl., Ist 78, 1907, JtJ 117 118
1900, AAO
Income 6s
102%
Baltimore A Ohio 4g., 1935, AAO
Pitts. A Conn., 5 g...l925, FAA 102
Staten Island, 2d, 5 g.l926, JAJ
B«I.AOhio8.\V.,l8t,4%g.l990,JAJ
97
CapeF.AYad.,8er.A.,6g.l9t6, JAD
99% 99>a
115%
I
(Bait.)
92
132
118
2014
.
Preferred
Huron Miuiug
50
1514
Westing.
54%
8078
)
Illinois Steel"!
1514
X Ex
I
24% Mar. 10 37% Aug. 20
600
4% June 30 6 Jan. It
211 85 Mar. 4 93% Jan. 13
164% 165% 164% 165%
Inactive stocks.
92% 95
)
Allonez Mining
(Boston)
••
Atlantic Miuinj;
City Pa.sseuKcr RB... (Bait.)
Bay State Gas
...(Boston)
Boston Land
"
"
Centennliii Mining.
Fort Wayne ElectricTI
"
Franklin Mining
"
46I3
50
Thom.Europ.E.WeldH
Water Power
"
MISCKLI-ANEOnS.
461a
241a
1778
21.
Northern N. H
(Boston) .100
North Pennsylvania. (Phila.) 50
Oregon Short Line... CBosto»; 100
Parkersljurg
(Bait.
50
Pennsylvania A N.W. (Phila. 50
Kaieigh A Gaston
(Bait. )100
Rutland
(Boston) .100
A Roanoke.
46%
241a
Jonneoticut & Pass. (Boston)
Connecticut River...
"
Delaware ABoiiud Br. (Phila.)
Har.Ports.Mt.JoyAL.
"
Kan. C'y Ft. 8. A Mem. (Boston)
K.C'yFt.8. AGuifpt.
K. CltyMem. ABirm.
"
Seaboard
831s
211a
Ask.
HiKheit.
Lowest.
89,28f
44
89%
41%
17%
«aKe of lale* in 1891.
202 Vt 202%
177 •
177
175 1« 175% 173%
•75
75
22 13
89
181
181
180 181
45
41
44
44
I6I4 16%
16
16
250
253
253 255
56
4414
44% 44% 44 13
45 14
4514
45
45
18% 19>s 18%
20
401a 42
18
80%
89% 89%
14
40 14
50
10
100
100
100 217
100
50
100
100
100
Little Schuylkill
(Pluta.)
50
Manchester & Law.. (Boston) 100
Maryland Central
(Bait. ) 50
Mine Hiil A s. Haven (Phila.) . 50
KesquehoningVal....
"
50
& Augusta
45
19
Bid.
Atlanta A Charlotte iBalt.) 100
Boston A Providence (Boston) 100
Camden A Atantlopf. (Phila.) . 50
Catawksa
"
50
lat preferred
"
50
2d preferred
"
50
Central Ohio
(Bait.)
50
Chart. Col.
•44
44
45 >s
90
20 19 20%
73
73
44
81 >4
79''8
no sale was made.
Inactive Stocks.
Prices of Aug.
80
89% 89%
180
4314
44
15i»
16
250
250
•6I4
Sis
90
37%
44
48 14
48 14 48%
i's'i^
48
481s
120 128
120 125
125
"2619 20%
2058 21%
2058 21
20% 21
361s 3758
36% 3714 36% 37% 3678 37
9914 100
100 100
100 100
100
•65"
64
65
•63% 65
2458 25
2478 23 14
2458 25 14
2458 2478
66 19 66%
66
66 la 66% 6758 67M 67%
100
80
30»8
•5
•21^8
44
48
120
2358
64Hi
791s
881s
Shares.
115
raiacpllRnenns Stocks^
A.ni.9iis'rRefln.1ICBos'on)...
Week,
Aug. 21.
•130
20 «
72
•63
23=8 24 1«
6514 6618
165 165 *164ia 16319 "56" 1651s 165>9 1651s
50
50
50
50
5016
50
51
27I3
*26'4 27
27
27% 27% 271s 271s
1413 1468 1411,8 I514 14i»,, 15
14i»,e 15%
6I4
eij
6'8
6
6
6
37
38% 361s 3778
35% 37»s 36''8 38
'222
2221a 2221s 2221s 2221a 2221s 2221a
*6ia
7
7
7
7
7
7
7
23I3
5i«
90
....
20
71
221s
I'.'O
35i«
89 «
131
201a
71
71
22
100
...
8e>g
•5
*5
lOh *19
•05
22
35
•6ig
89
Friday,
127 Jan. 7
xioa July 3
226 192 Jan. 8
7 172% Jnnc 12
173
177
142 1.37 July 10
176
17B'«176
102 16% July 7
18
18 *
18%
10>a 1919
223
37
37
37
34% Jan. 2
89''8 91if<
891* 90
15,473 7578 Mar. 7
00><) 01
X8978 90%
67;* 6778
6678 6758
21,700 SI Jan. 2
6714 67%
66% 67
41
44
41 Mar. 13
30
'
191)1
36>^
201
177
175 175
18
19
361a 37
177
175
17%
36 »9 37%
36%
37'h
558
Bales
of the
Thursday,
AuK. 20.
Wednenday,
Aug. 19.
201
173
37
36I4
131
70i<i
Maine Central (Boslon).lOO
"
Mexican Central
100
"
N. Y. & N. Eng.
100
"
Preferred
100
Northern Central (Bait.). .'^0
Northern Paolflcfi'Ai/a.J.lOO
"
Preferred
100
Old Colonv.... IBoston).XOO
Penn.^ylvania.. (Plata.). 50
"
Phlladel. A Erie.
50
83
'
"
FltcbbuiK pref.
n. & Pert' Marq.
36°).
'200
05
Chic. Mil. ASt.l* rriiii. ).ioo
Ohio. A W. Mich. (Boslon).lOO
"
Cldve. A Canton
100
"
Prefcncil....
100
351s
5
'
S7H 88%
100
Chlc.Biir.AQuln.
Bnmmit liranch
88
.
t
Tuesday,
AnK. 18.
15.
34^ 35
(Boston). 100
Aioh. T.
Share Prices— not Per Oentnm Price*.
Monday,
Saturday,
Inilleatrs uulUtod.
210
AND BALTIMORE STOCK EXCHANGES.
BOSTON, PHILADELPHIA
X
J,
112
1904, JAJ
1926, JAJ
Series A, 5b
1923, AAO
4%s
Oif.AClark.,lnt.gu.,6g.l937,MAN
68
106%
Piedm.ACum.,lst,3g.l911,
FAA
09%
99%
105
99% 100
112
114
108
102
110%
100
100
Pitts.AConnells. I.st7s.l898, JAJ 113%113«a
25
1% 178 Atlantic City Ist 3s, g., 1919, MAN
,103% Virginia Mid., Ist Ob. ..1900, MAS 116%
1911 MAS 116
25
2d Series, 68
13% 14 Bclvidore Del., 1st, Os.. 1902, JAD 112
1916, MAS
23 '"21"
3d Series, 6s
Catawlssa, M..7»
1900, FAA 115%
27" Char. Cin.A Chic. Ist 5g, 1947, Q—
192 I.MAS
9%l
50
4th Series, 3-4-3a
81
1926, MASi 100 ioi>a
10
5th Scries, 5a
Clearfield A Jeff., Ist, 68.1927, JAJ 116%|117%
10
10
1900-04, MAS' 117
West Va. CAP. 1st, 6 g. 1911, JAJ' 103 "»6"'
16% Connecting. 6»
25
12
West'r. N.C. CousoL 6 g.l914, J.StJ
12% Del. A B'd Bi'k, 1st, 7».1905,FAA 124
25 t 15%
EastonAAm. lstM,,.5s.l920,MAN| 108
||WUm. Col. A Aug.. 68. .1910, JAD
MISCEI.I.ANEUII9.
5
Elmir. A Wiiin., 1st, 68.1910, JAJ.
45s
25
1
Baltimore— City Uall6s 1900, Q—
121
Hunt. A Br'd Top, Con. 58.'95, A,AO 102
1900. Q—
FundingGs
117
100 64
Lehigh Nav. 4%s
1914, Q-J 106%
25 t 13% 12%
West viaryl'd KK. 6s. .1902, JAJ
2d68,gold
1897, JAD 109% 110
1916, MAN
100
100
Water 38
124
General mort. 4%s, g. 1924,6—
1916, MAN
100 195
Fiinding58
Lehigb Valley, 1st 6b... 1898, JAD 110% 113
1930. JAJ
Exchange 3%s
103%
23:
36
37
2d 7a
1910, MAS 133% 136
231
Virginia (State) 39, new. 1932, JAJ
63% 64
Consol. 6
1923,JAD 1124%
1900, JAD 103
100 185 187
Chesapeake Gas, 6s
106
North Penn. Ist, 78.. ..1896, MAN
1910, JAD 112%:....«
25 103 110
Consol. Gas, 6s
123
1903, JAJ 122
Gen. M. 7s
1939, JAJ
25 165 160
99
5s
Pennsylvania gen. 68, r..l910, Var 128
1913, AAO ibi" '107
'Equitable Gas, 68
100
1905. Var 118%
Consol, 6s, c
And aoorued intereaU
.
1
I
.
.
I
['
'
I
II
1
Laet prioe this week
5
7
THE CHRONICLE.
250
HEW YORK STOCK BXCHANttE PB ICES
Clos'ng,
Range (tola)
Price
Period. Aug. 'iiA
BAILKOAD AJO) MISCEL. BOKDS.
ln«<»'«'l
& J 8II4
AtTop.&8.F.-100-yv.,4g.l989 J Sept.
57 1«
lOO-year lucon)C,5g.....l»»»
131«
Atl. & Pac-W.D. Inc., 69.1910
J| 72i»b.
4
Guaranteed.
K
•„--,„„{ A
4 &
j,
n 112 b.
O
Brookl'nKlevafdl8t,6,g.l924
J « J 104 b.
Can. South.-lstKuar., 58 1908
M
191^
niortgiiBe, 58.
do.
M'& N
& imp .5»---1921 J &
PaciHc— Gold,6s..l8ys J &
Am.
Do(l(
Central
Ches. &Oblo-Mort.,6 K-lJli
let consol. ,5 g
iSoo
E.&A.I)iv.,l8tcon.,2.4g.l989
do 2d con., 4 g. -.1989
Che8. O. & 80. W.-6g.....l911
wv
J
J
A & O
M
<feN
811a Aug.
Mar.
75
Aug.
5m
14 Jan.
3838 Mar.
9''8
m 1891.1
Joly
July
75 Jan.
69
lOS's Apr. 1121a June
102 la July IO714 Feb.
9514 Jan. 100 Feb.
115 Jan. 118 Mar.
May 123
Jan.
July
Aug.
90
109 b. 1051a July
Aug.
10738
107'4b.
112i«b. llOis July
May
99^8
941a
68 Mb. 651a July
68 a. 64 July
10336b. 103i4Aug.
118%b. 11715 July
*97 b. 95% Aug.
85 b. 87 June
80 July
85
Mar.
Ill's
May
113
99
Jan.
May
1081a Jan.
112% Mar.
117% Mar.
100 la Feb.
7II2 Feb.
& J
73 Feb.
& J
114 June
F &A*
123
Jan.
J & J
Chic. Burl. & Q.-Cou.,7s.l903 M &N
1021a Apr.
19i->
Debenture, 58
95
Jan.
19.i^ F & A
Denver Division, 48
88% Jan.
Nebraska Exten.iion,49.19^7 M &N
1155i,Apr.
1
June
J & D 110>4b. OS's
Chic. & E. Ill.-l8t,8.f.,68.190;
1934 A & O 118 b. 119% Apr. 121 Jan.
Consol., 6g
95I2
95 Jan, 100 Apr.
General consol. l8t,58..19d( M & N
b,
81 Apr. 90 Aug.
Chicago Aliric—lst, 4-5 g-1982 M & N 90
26 June 30I3 Aug.
19°^ Ocfb'r 32
Income, 58
Si'ia Aug.
921a Apr.
J
J
75
&
1937
Chic. Gas L. AC— lst,5g.
120 Jan. 125i3Feb.
& 122
Chlc.Mil.&St.P.— Con.78.190o
II214
Apr.
Aug.
109
&
1081a
68.1909
l8t, SouthwcBt Div.,
110 Jan. 114 Feb.
& 113
l8t. So. Min. Div., 68.. -.1910
10738
May
104
103
Jan.
58.1921
l8t,Ch.&Pac W.Div
94 Aug. 98 Jan.
&
Chic. & Mo. Kiv. Div., 59. 1926
& 101>sb. 100% July 104 JiUy
Wis. & Minn. Div., 5 g..l92l
102 b. 100 Mar. 1031a Apr.
&
1914
Terminals g
83 b. 811a July 87 Feb.
&
Gen. M., 4g., 8erie9 A... 1989
& D 1091a 07% Jan. 112 Feb.
Mllw.*Kortb.—M.L.,68.1910
108
D
Jan. 112 Apr.
&
Hib. 107
1913
l8t,con.,()8
Q-F 133% 1311a Aug. 139% Apr.
Chic. &N.W.— Consol., 78.. 191
122
121
b.
June 127% Feb.
J
&
D
1902
Coupon, gold, 7s
J
J
BOVOi AU3.
Am
HI,
I
lUlLBOAD AND MiSCEL. BONDS.
SINO B JAX
.^i^"'.'"'!)
Inter' 8t\
,
,
,
Prue
Range
Period.'Ajtg.il
Bighest.
Lowest.
& S 970b
.1913
2d, 58.
Q-J IISH)
Central of N;jV-^on8.,78.1899
120
N
Consol., 78
i-"lQ27 J & J 108% 107
Oenernl mortRage, 5 K--19»'
b. 108
-M
109
Leh.&W.B..cou.,78,a8'd.l900
92
b.
M&
(Coatiii u ed).-4Grfrs
[Vol. LUI.
M A N 102 b.
A J123isb.
M A 8*108 b.
N.Y. Central— Extend., 5s. 1893
1903 J
Ist, coupon, 7b
Deben.. 58, coup., 1884.. 1904
N. Y. A Harlem- 78, reg. 1900 M
1,
1891.
(tales) in
Lowest.
\89\
—^
Bighest,
I
100% May [lOSiiMar.
12314 Aug. 112714 Apr.
1041a June 110 JaJi.
A N|120 a. US'* May il23 Mar.
A o! 91i2b. 89 July gsigJan.
A Jill b. 109 July 115 Apr.
A J1I25 a. 125 July 132 Jan.
A A
108 Feb. 10934 June
M
A 8 136 a. 133 Jan. 137% Feb.
N.Y.L.E.AW.-l8t,con.,7g.l920
1893 J A D,104%b. 103 June 107 la Apr.
Long Dock, 78
1935 A A O llSMb. 115 Jhi
Consol., 6 g
1181a June
1969 J A d'IOI
2d consol. 6 g
96 June 102^8 Apr.
K. Y. Ont. A W.— Ist, 6 g..l914 M A S 114
110 Mar. 115 Feb.
1939 J A D 92I2
Consol. Ist, 5g
90 June 971a Ap».
N Y.^U8. AW.— l8t rcf., 5 g. 1937 J A J 100
94 Jnli. IOOI4 Feb.
Midland of N. J., 6 g.... 1910 AA O 112 b. llliaMay 1151a Feb.
Norf. A W.— 00-year, 5 g.l990 J A J 92 ».' 88
Juue 100 la Feb.
North.Pac— l6t,coup.,6g.l921 J A J 115 b. 113 J.u. I1718 Apr.
General, 2d, coup., 6 g..l933 A A O 111 b. 109
May ll4i4Mai.
General, 3rt, coup., 6 g..l937 J A D 107
lOiiia July ll3i4Feb.
1989 J A D 80 34
Consol. n)ort.,5 g
So'e Jan.
761a July
Chic. & N.P.— 1st, 5 g...l940 A A O 801a
8414 Mar.
761a July
North. Pac. AMon.— 6g...l938 MAS 105
103 Apr. 109 Feb.
North. Pac. Ter. Co.— 6 g. 1933 J A J 102 b. 104 July 110 Mar.
Ohio A Miss.- Cons, s.f .,7s 1 898 J A J 108 lib. 10814 July 112 Feb.
1898 J A J 108i2b. 107 July 112 Majr
Consol., 78
OhioSouthern— Ist, 6 g...]921 J A D 103 lab. 101 la July 110 Mar.
1921 MAN 52 b. 55 J .n.
General mort., 4 g
63 Feb.
Omaha A St. Louis- 4 g 1937 J A J 50 b. 50 Ju. e 581a Jan.
A D 99 b. 90 Jan. I0313 Feb.
Oregon Imp. Co.— 1st, 6 g. 1910
A O 64 b. 58
1939
Consol., 5 g
74 Feb.
._
Julv
A J 107 a. I0512 July 1110 Ma.v
Ore.R.ANav Co.— I8t,6g.l909
. .
N. Y. Chic. A St. L.— 4 g. - 1937 A
1906 J
N. Y. Elevated— 78
N.Y. Lack. & W.— Ist, 68.-1921 J
1923 P
Construction, 5s
.
,
1
.
.
. .
AD
92
Aug. 100% Mar.
JiUy 106 Jan.
JjlU. 1091a May
Evansville Div., 6g....l920
J v. 103 Feb.
70 b. 66 Jan.
1926
2d mort.,5g
74^8 Apr.
Peoria A East.— Cons., 48.1940 A & O 77 b, 73 Juue 80 Feb.
1990 April. 20
Income, Is
16 June 22 Jan.
Phlla. A Bead.— Gen., 4 g.l958 J A J 78
82 Feb.
741a Aug.
1958 Feb.
521a
l8t pref. income. 5g
58 Jan.
471a Mar.
3558
1958 Feb.
111 July 115 Feb.
2d pref. income, 5 g
32 Mar. 38'8 May
O Ill
1929
Sinking fund. 6s
27 b 2.0 14 Mar. 30 Jan.
1958 Feb.
3d pref. income. 5 g
105 Jan. lOSi^Feb.
1929 A & O 107
Sinking fund, 59
Pittsburg & Western— 4 g.l917 J A J 78
102i4July 109 Feb
81
Feb.
7513 Jan.
N 104
Sinking fund deben. ,5s. 1933
b 108 Aug. 118 Jan.
J
106
J
A
103
Kich
ADanv.—
Con.,6g..l915
102
105%
Apr.
July
1909
debenture,
5
25-year
1936 A A O oO
Consol., 5 g
78 Aug. 911a Jan.
1926 F & A 92
931a July 1(10 Jan.
Extension, 48
Elch.&W.P. rcr.-TTnst,6g.l897 F A A 83 b 83 Aug. IOOI9 Jan.
921a July 100 la Jan.
Chic. Peo. & St. Louis— 5 g. 1 928 M & 8 97
llSiaJuly I2714 Feb.
Con l9t&cnl. trust, 5g.l914[M A 8 5814
53 July 75 Feb.
Chic. K.I. & Pac— 6a, coup. 1 91 J A J 120
99
9514
RioG. Western- 1st, 4g..iy39 J A J 7514
73 14 Aug. 77% Feb.
J
Mar.
Jan.
&
J
14
991a
.-1934
,58.
i.nd
col.
Extension
K. W. A Ogd.— Con., 58. ...1922 A A O 109 h. 105 Jan. 114 Mar.
Chic. St. L.&Pitt.-Con.,5g. 1932 A & O 10014b. 100 Feb. 103 May
80
b.
II314
Jo.
A
Gr.
Islaud92iaJan.
J
D;117
119
Jan.
St,
6
g-.1925
&
June
8218 Mar.
68.-..1930
&0.—
M.
Chic. St. P.
8t. L. Alt. AT. H.— 1st, 78.1894 J A J lOSObb. 108
June 110% Mar.
Cleveland &Canton—5g--1917 J & J 88 b. 861a Apr. 911a May
A
F
A
pref.,
78
1894
J
129
132
2d
102'a
107
Jan.
&
d|....
Jan.
Feb.
102
g.l914
Aug.
I.—
Consol.,
7
C. C. C. &
St. L. AlrouMt.— l8t78...18921F A A lOOiab. 101 la Feb. 105
Jan.
1934 J & J 113 b. 113 July 121 Mar.
General consol., 6 g
1061(;b.
b.
F
&
A
99
99
106
1897
108%
Aug.
Jan.
2d,7g
Apr.
1900
May
6
Coal
<fe
Iron—
1041a
Col.
g
Cairo Ark. & Texas, 7 g. .1897 J A D 1035eb. 1031a Julv ,10714 Mary
Apr.
71 Jan.
Col. Midland— Con., 4 g...l940 F & A 65 a, 62
Gen. E'y A land gr.,5g..l931 A A O 8712
31
May 9334 Jan.
Col.H.Val.&Tol.-Con.,5g.l931 M & S 821a
781a Aug. 86 Jan.
UOisO. 108 Juneill2ii Apr.
St.L. ASauFr.— 6g.,Cl.A.1906
1904 J & D 83 b. 80 July 88 May
General, 6 g
11038
N 11468b. 11438 June 1191a Feb.
1906
6 g., ClassB
Denver & Rio G.— Ist, 7 g.l900
1061a June 1131a Apr.
N 11038b. 107 June 114 Apr.
1906
1936 J & J 7»l4
77 Aug. 83 Feb.
6 g., Class C
l8t COU8OI., 4 g
General mort., 6g
9612 Feb.
1931 J A J 103 b. 103 July 110 Jan.
Det.B. City& Alpenar-e g.l913 J & J 91 a. 91 Jan.
67 b. 651a July
32i4Feb.
St. L. So. West.— 1 st, 4s, g. 1 H89
68 July
Det. Mac* M.— L'dgrant8. 1911 A & O 2914b. 291a Jan.
1937 A & O 98 a. 95 Jan, 100 18 May
2d, 48, g. innome
1989 J A J 27
Dul. & Iron Range— 58
25 Aug. 281a Juno
N 117 a. 114 May US Jan.
1937 J & J 90 b 85 July 99 Feb.
S.P.M.AM.— Dak. Ex., 6 g.l910
Dul. So. Sh. & Atl.— 5 g.
Ist COU80I., 6 g
1933 J A J 114
E.Tenn.V &G.— Con., 5g.l956 M & N 97iab. 96 May 104 Jan.
lU July 117 Feb.
reduced to 41a g--do
A J 98
Knoxville & Ohio, 6 g...l925 J <& J •106 b, 102 July 109i« Apr.
97 July 102i3Feb.
Montana Extension, 4 g.l937
A D 78
July 95 Jan.
8712 May
Ellz. Lex. & Big San.— 6 g.l902 M & S *87isa. 85
80 Jan.
93 Aug. 105 Jan.
SanA.AAran. P.— lst,6g.l916
A J 61
Ft. W. & Denv. City— 6 g.-192] J & D 96
74 Feb.
62 Jan.
94=8
l8t, 6 g
1926
A J 61
Gal.H.&San An.-W.Dlv.l8t,5 g.
9Vii July
95 Apr.
60 Aug. 7313 Feb.
<Sr
8 112%b, 110 Mar. 117 Jan.
SeattleL.S.AE.— l8t,gu. 6.1931
A A 95
Han. & St. Jos.- Cons., 68.1911
95 Aug. 103 Mar.
1952 A & O 97 a. 93% May
101
Illinois Central—4 g
So.Car.— l8t, 6 g.,ex coup. 1920
97 Mar.
03 Jan. 107 Feb.
Income, 68
20
Int. &Gt. No.— I8t, 6g....l919,M <fe N Ill b. 10912 July 115
Jan.
1931
27 Apr.
13 Jan.
Coupon, 6 g., trust rec..l909M & S 68 b. 68 Mar. 76 Jan.
1909-10 J A J 101
So. Pac, Ariz.-6 g
101 July 103% May
82%b 801a Aug. 87 May So. Pacltlc, Cal.— 6 g. 1905-12 A A O 113
1 938 J & D
Iowa Central— st, 5 g
lOQiaApr. 114 Mar.
Kentncky Central—4 g
1987 J & J 79 b. 78 July 821a Jan.
Ist, consol., gold, 5 g
1938 A A O 99
99 Jan. 101% Mar.
Kings Co. El.— 1st, 5 g....l925 J & J 98 b 971a Apr. lOOiaMay
1911 J A J 101
Bo. PaciJc, N.M.— 6g
101 July 104 Apr.
731a
LacfedeGas— l8t, 5g
1919 Q-F
7lia.lune 8212 Jan.
Tenn.C. I. ARy.— Ten.D.,l8t,6g A A O 82
94 Jan.
82 Aug.
& J 106 a, 10514 July 10978 Jan.
Lake Erie & West.— 5 g.
1 937 J
Birm.Div.. 6g
1917 J A J 88
84 Aug. 96i3Jan.
L. Shore— Con. ep., Ist, 78. 1900 J & J 117 b. 117i4Aug. 122% Jan.
Tex. A Pac— 1st, 5 g
2000 J A D 83iab. 83 Aug. 90% Apr.
Consol. coup., 2d, "8
1903 J & 1) Ufliab 1 18 June 124 Jan.
2d, lucorae, 5 g
20OOI March. 311a
27 Aug. 3514 Jan.
Long Isl'd- st, con., 5 g.. 1931 Q-J 11412b 110%Jan. 1151a Mar. ToL A. A. A N. M.— 6 g
9212a 92% Aug.
1924 M
99% Feb.
General mortgage, 4 g. 1 938 .1 & D 89% a. 88 June 921a Jan.
Tol.A. A. AGr.Tr.— 6g....l921 J A J 103 i> 103 July 108
Apr.
Louis. & Nash.—Cons., 78-18»8:a i O 112i«b. 110% June lloOgMar.
Tol. A Ohio Cent.— 5 g
J
A
J
103
b.
1935
102% July 107% Jan.
11358b. 11338 Julv 118 Feb.
1930 J
H.O. &Mob. Ist, «g
Tol. Peo. A West.— 4 g
1917 J A J 7214I). 71% July
77 Jan.
110 a. 105% Aug. 112 Juno Tol. St. L. A Kan.
do.
2d. 6g
1930 J &
6 g-.1916 J A D 82 a. 79 July
91 Jan.
112isb 111 june 113i4Apr.
E. H. & N. lKt,6g
1919 J &
Union Pacific— 6 g
1899 J A J lOSi*!). 110% July 114% Mar.
Gener.il,6g
1930,J & D 112 b. 112 July 117 May
Sinking fund. 89
A S 109 b. 107 Mar. 111% Feb.
1893
trnifled,4g
76''9 Aug.
ig4o'J & J 76%
85 7e Mar.
CoUat. trust 4ia
1918 M A N 69 a, 69 Feb.
74 Apr.
Louie. .S.A. &Cb.— l8t,69.19101J & J 106 b. 101
Mar. Ill Jan.
Kan8a9Paciflo— Ist, ag..l895 F A A 10412^ 104=8 Aug. Ill Jan.
Con.iiol.,6g
1916 A & O Oliab, 84 Mar. 98 Apr.
l9t,6g
1896J A D 106 b. 107 July 109=8 May
Louis. St. L. &Texas—6g.l917 F & A 7138
65 Aug. 88 Jan.
Denver Div.— 6 g
1899 M A N
109% Mav IIII4 Mar.
Metro. Elevated— l8t, 6 g.l908j J & J 112iab. lllOsJau. 1151a June
Ist consol., 6 g
1919
104 lab. 105 Aug. 111% Apr.
2d,68
1899
N 105 b. 103 Juue ,108 Apr.
Short
LineOregon
6 g..l922lF A A 99
9)% Aug. |10b% Jiin.
Mich. Cent.— l8t,con., 78.. I902|M & N llvia 118 Juue 124i2Apr.
Or.S.L.&Ut'hN.— Con.5g.l919 A A O 71
06 Aug. 80% Feb.
Consol., .58
1902M& N 107iab. 107 Mar. 1108 Feb.
U.P.Den.AGulf con. 5g.l939lj A D 70
82 Jan.
61 Aug.
Mil.LakeSb.&W.— l8t,6g.l921lM & N 121 b, 117 June 127 Apr,
Onion Elevatcd—6 g
1937 M A N 110
Apr.
Jan. Ill
106
Exten. .Sc Imn.,5 g
1929 F & A 97'9
97 Aug. 101 '8 Jan.
Virginia Mid.— Gen. m.,53, 1936
81
89% Feb.
July
78
M. K. AT.— Ist 48,g
199o'J
76'8
74% Jan. 79% Feb.
do
9tamped guar.M A N 80
Feb.
90
83
Jan.
2d 49,g
1990F & A 4108
36 July 441a Jan.
Wabash- l8t,5g
1939
A N 100|i8 96% May 102 Feb.
Mo. PaciHc- l8t, C0D.,6g.l920M A N 108 b. 103 May 111 Mar
mortgage, 5 g
2d
1939. F A A 75%
Jan.
77%
Feb.
70
3d,76
N,lll b. 105 July 116 Apr.
1906
Debent. M., series B
1939 J A J 38''8
39 Aug.
27 M*y
Pac. of Mo.-l8t,ex.,4g.l938 F & A 9414b. 91 Juue 100 Jan.
West Shore— Guar.. 4s
2361 J A J 100
99% July 103 Jan.
2dniort.,78
1891 J & J 101%
991a Jan. 10358 June West. N. Y. A Pa.— Ist, 5 g- 1937 J A J 98 b. 96 Jan. 101
Feb.
Mobile A Ohio— New, 6 g.. 1927 J & D 112 b. 112 Jan. 11713 Apr.
2dmort., 3g.,58C
1927 A A O 29 14
27 July 357s Feb.
General mortgage, 4h... 1938 M & 8 66%
62 July 70 Feb.
West. Un. Tel.—Col. tr., 5s. 1938 J A J 100 a. 98 Jan. 100% Apr.
Wash. Ch. ASt.L.— 1st, 78.1913 J A J 124 b. 124 July
1271a June
Wis. Cent. Co.— lat, 5 g
1937IJ A J| 89isb. 88 July
97 Jan.
Con., 5 g.
1928 A A O 104ia 103 June 1071^ May
Income, 5 g
1937'
36
28 July 45 Jan..
ara-"b" Indloatos price bid: » a" price <M*«i the Ranw is male up fro n act i.l s Ues oil v. * Liteit prloa this weak.
,
1925
Consol.. 5 g
1921
Pa. Co.— 41a g., coupon
Peo. Dec. A Evansv.— 6 g. .1920
A
J 104
J 106
103
b.
MAS
MAN
102
100
95
A&
M&
MAN
.
MAN
MAN
MAN
MAN
M&
MA
MAN
.
MA
,
. . .
M &N
—
M
1
. . .
. . .
AN
1
.
1
C—
I
I
M
I
MAN
M&
1
I
I
MAN
&D
I
I
1
M
MA
1
I
1
I
:
NEW YORK STOCK EXCHANGE
SECXTRITIEe.
Bid.
Ask.
1907
•
»o pric«
1925 103
^n1
Friasy
;
105
.<i?'"<>Ildafdl8t.,68.]922
112
5g jgog
95
a,,., f"h'^'^Cwl.
Rap.
these are the latest quotations
A No _^gj
made this we«k.~
BONDS-AUaVST a I.
SECURITIES.
Bid.
Ask.
Burl. Ced. Rap. A
No.— (Contiu'd)Minn. A St. L.— Ist, 7s, gu..l927 102
Iowa C. A West,— Ist, 7s.
1909 100
1019
oeni 1 Ohio Reor.— Ist, 4%8. 1930 'ibi%
H. Tun. A W.-Deb. 58.1913 100
Brooklyn Elevated- 2d, 3-58.1915
83
Buft. Roch. A Pltt«.-Gcn., 58.1937
93
Roch. APitts.— iRt, 6s
1921 116%
A Ohio— Ist, 6s, Parle B. 1019 114%
5e, gold
Ask.
97
. . .
Bost.
Alabama Mid.-let, g., 69 ....1928
Atlantic A Dan>.— Istg., 68..1917
6s,.
Bid.
P-. 4%8...1990
g., K. 5.S
Railroad Bonds.
Piic— -Jd W. D.,gu.
BECURITIES.
* 9;.^- ^- Is'£
Mon. Riv., Ist
(Stock Exchange Pricei.)
Atl. 4
Bait.
PRICES-CContinued).-IAr.ACr/T^£
Ced. Rap.
Ist, 58
94
ii'i'
I.
F.
A N., 1st, 68.1920
1921
C.Ohio— lol. ACin.M.l9t,4%8.1939
Jent. RR. A Bank.— Col. g.58.1937
ChatRonieACol.- Gtd.g.5s.l937i
Sav.AWest.- l9tcou.gtd.5a.l9^9
93
80
77
79%
1
AcauBT
23,
THK CIIRONIfLR
18»1.]
NEW YORK STOCK EXCHANGE FRICEH.—INACTIVE
BECCRirrES.
105
18»e 106
Goia limiils, (ta
1807 loa^
Gold liDiiiIx, (is
1900 108
San Jiiaqiilu Br., 6a
"
1919
Mort. (told ".»
1900 "97
Land cniiit. rt». (t
104%
1 809
Wp»t I'lwi tlo— Bbuds, 6».
No. Railway (Cat.)— Ist, 68.1907
1938 99
SO.v.'Hr .'is
Ohes. A O.— Pur. M. tuud, tta. 1898 103>»
1908 114
8», KDid, siirlcfl A
Ohes. O. A So. Weat.— 2d, 0s..l911 120
Chlcniro A Alton— l»t, 7s
1893 103
Sluklnit fund, 6a
1903 120
Loul.s. & Mo. Klver-lst, 78.1900 114
1900
2d, 7s
Bt. L. Jacks. & Chlo.— l8t,79.1894 106
l8t, Kuar. (.">64), 78
1894
Miss.R. Hrldite— 1st, 8. f., 68.1912 *105
Ohlc. Burl. A N'or.— Dob. 68.
1 896
Oblp. Biirilne. & Q.— 59, s. f..l901 101 Jj
Ft.
Iowa Div.— Sink, fund,
100
llOls
110
116
1019 100
89
SlnkluK fund,4a
92
1919
8OI9
Plain, 4s.
1921
Ohio. A Indiana Coal— 1st 5s. 1930
94
Ohl. Mil. A 8t. P.— l8t,8s,P.D.1898 116
117's
2d, 7 3-lOs, P. D
US
1898
1st, 78, *K., K. D
1902 118>s
1st, La Crosse Division, 79. 1893 log's
l8t, L A M., 78
1897
Ist, L A D., 78
1899
Ist.C. AM., 78
1903
1251s
Ist, L A D. Extension, 78...1908 120
l8t. La C. A Da v., Ss
1 919 loo's
Ist, H. A D., 78
1910 116 120
l8t, H. A D., lis
1910
981i
Cbicat'o A Paciflo Div., 68. .1910 11219 115
Mineral Point Div. Ss
1910 97
C. A L. Sup. Div., 53
1921
Fargo A South., Bs, A88U...1924
Inc. conv. sink, fund, 5s
1916
Dakota A Gt. South., 58.... 1916 95
96'4
Olilo.AN. W.— 30 year deb. 58, 1921
Escaiiai'a A L. S. 1st, Hs
1901
Des M. & Minn.- Ist, 78
1907
Iowa Mtdlaud— Ist, 88
1900
Peninsula— 1st, conv., 79... 1898 113
Chic. A Milwaukee— Ist, 78.1898 •112
Whi. A St. P.— 2d, 7s
1907
123
Mil. A .Mad.— l8t, 68
1903 111
Ott. C. F. & St. P.— Ist, 58.. 1909 104
Northern 111.— 1st, 5s
1910
O.R.I.AP.— D.M.AF.D.,l8t48.1905
65
76
1st. 2is9
1905
73"
Extension, 48
1905
65
Keokuk A Des M.— 1st, 5s.. 1923 94
Ohlc. St. P A Kan. City—5s. .1936
Minn. A N. W.— l8t, g., 53. .1934
Ohio. St. P. A Minn.— 1st, 6s. ..1918 *119
St. Paul A S. C.-l8t, 68
1919 119
Ohio. A W. Ind.— 1st, s. f., 68.1919 103
General mortgage, 68
1932
115
Oln Ham. & D.— Con. s. f., 8.1905 122
2d. )?old, 4Js3
1937
Oln. I. St. L.A Chic— l8t,g.,48.1936
89's
Con80l,6s
1920
Oin. Jack. & Mac.— ist, g., 59.1936
92
9^$^>,^?- * Col.-Eq. A 2d 68.1930
O.C.C. A St. L., Cairo div.— 4s, 1939
88
8t.Lou.Div — l9tcol.t9't48,K.1940
83
Sprinir.ACol.Div.-lst,(r.48. 1940
WhItoW. Val.Dlv.-lst.g. 48. 1940
Cin.8an.Ari — Con.lst.g.os, 1928
Ol.Col. Ciu. A Ind.— Ist, 7s,s.f.l899 113
Consol. sink, fund, 7s ..
1914
Oleve. A Mah. V.— Gold, 59...1938 •104
Colorado Midland— 1st, «., 6s.l936
107
OalumblaAGreen.— Ist, 69. 1916 100
2d, 6s
1926
A W.— Convert. 7s,1892
MortKai;e7s
1907
Byra liing. & N. Y.-lst, 78.1906
Morris A Essex— Ist, 7s. ...1914
Bonis, 7s
1900
'sot 1871
1901
1st, con., Euar., 7s
1915
Bel.
A Hud. Can.— Ist,
Coupon, 7s
ex. 78.1891
1S94
Pa. Div., coup., 7s
1917
Albany A Susq.— lst,gu.,78.1906
1st, cons., guar., 68
1906
Kens. A Sar.- lat, coup., 78.1921
Denver City Cable-l8t,0s... 1908
Denv. A R. G.-Imp.,g., 5s... 1928
B,Teun. Va. A Ga.-lst,78...1900
Divisional .58
1930
1st ext., (told, 5s
1937
K<l.Alnip.,g.,5a
1938
Mobile A Blrni.— l8t, g., 5s.. 1937
Alabama Central- Ist 6s...l918
*ne— Ist, extended, 78
1897
2d, extended, 58
1919
8d, extended, iias
1923
4th, extended, 58
1920
5th, extended, 4s
1928
l9t, cons., fd. coup., 7s
1920
Reorg lstlicn,6s
19O8
B.N. \. AE.-l8t,78
1916
A W.-Col. tr.,6s.l92a
funded coup., 58
1969
Iccoiue, 68
1977
Buff. A 8. w.-Mortg. 68:::;i908
Jefferson-lst, gu. g. 58
1909
N.Y.L.E. A W. Coal A KR.—
*<>8
1922
Evans. A T.H.—lst,cons.,69.. 1921
Mt. Vernon— Ist (is
1923
8ul. Co. Branch— Ist, g., Ss. 1930
N. Y. L. E.
.
Evans.
A Indian.— Ist,
. . .
cons. .1926
Flint A P. Mani.— Mort.,«8...1920
1st con. ifuld, 5s
1939
Port Huron— Ist, 58
yia. Ten. APen
1 »t ir.
—
*
Mo
.Is.
1939
1918
BECURtTIEB.
A8k.
95
95
100
100
ObioRlv. -Gen; mort.,
Oreg.
Grand Rap. A luM. (ien. 5s. .1924
GreeuB. *, A8t. l-.-l8t68 .19U
2d Inooino, all subs, paid
-
Hoiiaatonic— '::ons. nolo Ss
10!> /
N.HavenADerby, Con».59..1918 103
Hous. A T. C, -Waco A N. 7s.. 1 90S "HO
Istg., 3»(lnt. ittd,
193
1912
Cons, g. 68 (Int. Ktd)
Gen, g. 4s.(lnt. gtd)
1921
63
Debent. «9, prill, A Int. gtd.1897
Debent, 48, prin, A Int. gtd.1897
Illinois Central— iHt, g., 4g ... 1951 101
Ist, gold, 3is9
91
1951
Sprlngf. Div.— Coup., 6s.... 1898
Middle Dl v.— RcK., 58
1921
C.St. L. AN. 0,-T0D.l.,78.1897
Ist, consol., 78
2d, 63
58,193^
RyANav,—Col.tr. g..5s.l019
Penn.ER.-P.C.A8.L,-lst,c,,7»,19<>f) •110
Pitt* Ft. W. A
191 .' 139
l»t, 7s.
2d, 78
1912 136
1912 130
3d, 78
Clev. A P.— Cona., 8. fd., 7*. 1900 119
4lb,sluk.fund,
6a.l89'.!
C—
85
26
103
St.
. .
L.V.AT. H.— l8t,08.,7B.1897
109
1808 1 07
1898 107
Peo.AE.-Ind.B,AW,-l8t,pf.78.1900 111
64 >s
Ohio [nd.AW.— l3tpref..58..198S
Peoria A Pek. Union— iBt, 68 .1921 no
1921
2d uiortg., 413S
1031s Phlla. & Read,— 3d pref. convert
92
Pitts, C. CA8t L.-Con.g.4 i«8A 1940
Pitts. Cleve. A Tol.— Ist, 0s.,.1922
Pitts. A L. Er.-2d g. 5b, "A" 1 928
Pitta. Mc. K. A Y.— lat 6s
1932 120
100
87
85
140
140
186
120>«
HO
2d, 78
2d. guar., 79
101
11&
"iz"
.
1897
1907
,.
Bid.
1930
g.,
1
"il.
70% Ohio River RR.— I St, 58
.
5b..
Del. Lack.
Btd.
,
lOS^a
l!i03
BOiWDS—CContinuedJ -AUGUST
.'is-iniH
"+al. Bar. ASan Ant. — l8l,(is.l!i]i)i
107i« Oal.H. AS. A.— -.'d uiort., Ts.llMi.^.i
19:1
West, Div., 2il (is
Ga. 80. A Kla. - 1 »t i{. 68
1927
. .
5s, sonvirtlble
Worth An. O.-Utg.,
107
. . .
.
SECUBITIEa.
A>k.
Bid.
OsntrHl I>a(^iflo—OoUl bda.Os, 180S
251;
Pitts. Palnav.
Preso't
& F.— 1st,
58. ..1916
95"
A Ariz. Cent. Ist, 68,g.l»ie
Gold. 5s, coupon
1951
2d Income, 6s
1916
Moiup Div., Istg. 48
98
1951
Rich. A Danv.— Debenture 68.1927
09
Dub. A 8.
Equip. M. 9. f.,g., 5s
2d Div., 78 ...1894
1909
Ced. Falls A Miiiu.— Ist, 78. 1907
SO
Atl. & Char.— 1st, pref,, 78. .1 897
Ind. D. & Spr.— Ist 78, ex. cp. 1906 100
1900
Income, 68
do.
Ind. Deo. A West.- .M. 58
RioGr. Junct.,l8t.guar.,g.,59.1938
1947
2dM.,lne. 5s, tr strec
19 is
Rome Wat. A Og.— 1st M., 7s. 1891 IOC's
lli'Mi
Inter. A Gt, Nor.— Coup, (>»
70
St. Jos. A Gr. Is.— 2d inc
1925
Kanawha A Mich. -.Mort. l~ l;''i'i 70
74
Kan. C. A Omaha^lst, 5s.. 1927
69
l8t,.")s.ll»:>-^i
Kan. C.Wyan.AN.W,—
St. L. A. A T.H-2d m. iuc.78.1894
101
L. Sh. A M. So.— C, P.&A.— 78.1892 *105
Dividend bonda
1894
S5
Buff, A Er.— New bond8, 78.1898 *ll2i9
Bellev. A 80. lU.— Ist, 8s...i896 iio"
Det. M. AT.-l«t, 7s
1923
1906
BeUev. A Car.— 1st, 6s
Lake Shore— Div, bonds, 7s. 1899
118
ChLSt.L.APad.- Ist,gd.g.59l917
Mahon'g Coal RR.-lst, 58.1934
107%
St. Louis 80.— lat, gd. g 4s. 1931
84
60
Kal. All. A G. R.— 1st gu. 5s.l938
do
2d income, 5s. 1931
77
Lehi){hV„N, Y.-lst KU.g.4is8.1940
Car. A Shawt— Ist g. 48. .193i
100%
Mtchf. Car. A West.— lat 68. g.l916
98
St. Lou A S.Fran.— Equip., 79,1895 100
92ie
Jong Island— lat, 7s
1931
General OS
1898 114»i
N. Y. A R'way B,— Ist, g. 58.192^
101
1987
l8t, trust, gold, 59
90
2dmort*r,, Inc
1027
25
35
Kan. City A 8.— Ist, 69, g...l916
90
Sinithtown&Pt„reff.— lst,78 1901 *105
Ft. 8. A V. B. Bg.— lat, 68... 1910
Louis.Evaua.A St. t,.— Con.Ss. 1939
831a St. Paul ADuluth— l9t,59....193]
Louis, A Nash, — Cecil, Br, 78.1907 10414 108
1017 103 105
2d mortgage Ss
Pensacola Divislou, 68
1920 IOC's
St. Paul Minn A M.— 1st, 79. .1909
1909
St. Louis Division, lat, 69. .. 1 921 113 14
2d mort., 63
2d, 38
1980
Miuneap. Union- l9t,6s....l922 IO914
63
112'"
Nashv. A Decatur— lat, 7s.. 1900 'HI 113
Mont. Con.— 1st, guar., GS..1937
8. t.,6s.— 8. A N. Ala
1910 101
East. Minn., Ist div. 1st 53.1908
San Fran. A N. P.— 1st. «., .58.1919
1040, gold, 68
1924 101
95
50 year 5s, g.,
Shenaii.Val.- IstTs, g. tr.r(-o,1909
1937 10214
Pens. A At.- Ist, (js, gold... 1921 10
101
Gen. 6s, g.. tr. rec. a88t'd...l921
Collat. trust, Ss, g
South Carolina 2d, 68
1931
1931
9919 101
»d"*
Nash. Flor, A S 1st gu. 5s.,1937
80. Pac. Coast— 1st, guar., 48. 1937
93
Lou.N.Alb.ACh.— f;pn.m.g.5s,1940 80
Texas Central— 1st, a. f., 78. 1909
82
1911
Lou. N. O. A Tex.— 1st, 4s.... 1934
Ist mortgage, 78
86
2dmort., 58
Texas A New Orleans— l8t,79. 1905
1934
1912 102
Sabine Division, 1st, 6s
Manhattan Ry.— C0119. 4s
1990
Memphis A Charl.— Us, gold. 1924 98
Tex. A Pac., E. Div.— 1st, 68.1905 lo5
1m15 »110
Third Avenue (N.Y).— lat 58, 1937 109 110%
1st con. Tenu lien, 78
1917
81
Mexican National— lat, g., 6s. 1927
Tol. A. A. A Cad.—6s
97
83
1919
Tol. A. A. A Mt. PI.— 6s
2d, Income, 68, "A"
1917
40
Tol. A A. AN, M.— 58, g
1940
2d, income, 6s, "B"
84%
1917
1896 106 1061*
Michigan Central—63
Union Pacittc— lat, 6s
1909 115
1897 106 14 107 1«
Coupon, 59
lat, 69
1931 110
1898 107 1« 108 H.
Mortgage 4s
Ist, 68
1940
Collateral Trust, 6a
1 908
Jack, Lan, A SaK— 6s
1891 •102 Is
Collateral Trust, 5s
1907
Mil. L, S, AW,— 'onv. deb., 58. 1907
98
1895
Mich. Div,, 1st, 6s
C. Br. U. P.— F. c, 7s
1924 115
Ashland Division— Ist, 68 ..1925 118 122
Atch. Col. & Pac— Ist, 68... 1905
78
Atch. J. Co. A W.— 1st, 6s... 1905
Incomes
100 105
U.P.Lin. ACol.—lst.g,, 59.1918
Mlnn.ASt. L.— 1st, k. 78
71
1927 "95' 110
Oreg.8.L.AU.N.,col.trst.,58.1919
71
Iowa Ext-nslou, 1st, 78
1909
Utah A North.— Ist, 73
2dmortg,,78
190e 100
1891
40
47ti
1926 '96'
Southwest Ext,— Ist, 78
Gold, 5s
1910 80
82
Utah Southern— Gen., 78 ..1909
Pacific Ext.— Ist, (is
1921
95
1909
Exlen., Ist, 7s
Impr. A equipment, 63
1922
60
96
10218
Minn. A Pac— 1st inortg., 58.1936
Valley R'y Co. of O.— Con, 6s. 1921
132 135
Wabash— Deb. .M,, aene8"A".1939 361s
Minn.S.Ste. M. A Afl.— lst.58.1926
No, Missouri— 1st, 79
1895
Minn.St.P.A8,S.M-lstc,g,49.l938
110
90
127's 130
8tL.K,C.&N.— R,E.ARB,7»,1893 103% 110
135 137% Mo.K.AT,- K.CAP., 18t,48,g,1990 ti'is 73 Is
1 90n
lie's
Dal, A Waco— iHt, 58, gu....l940
St, Charles Br'ge— 1 st,(ib,
119 121
Missouri Pacific— Trust 5s... 1917
West. Va. C. A Pitt.s.— Ist, 08.1911
90
Wheel.AL.E,— l.^t, 59, gold... 1926
133 134
lat coll ,59, g
1920 78
1930
Exieu.^ion Almp. g,, .Ss
St.L.AI, M,-Avk,l!r.,l8t, 78.1893 106
101% 102 «
10658
93%
.HiHceilaue«»iiH Bonds
109 109 isi Mobile A Ohio— ist ext., Os... 1927 loo's
Amer. Cot. OU Ueb., g., 8s...l900 94
138 143
St. L. & Cairo—4s. guar
1931
95
Morgan's La. A T.— 1st, 6s. .1920 106
Amer. Water Works— 1st Os.. 190
128
971s
1907
121
Ist cons. 58, g
9714
Ist, 78
1918 118 121
Cahaba Coal Jlin.— Istg. 7a.. 190' 108 112
140
Nash, Chat, A St. L.— 2d, 6s..l90li
109
Chic.Jun.A8.Yds.— Col.t.g,58,19i5
New Orleans A (iiilf— Ist, 6s .19261
95 102
1919
N. O, A. No. E.— Pr. 1., g., 68..1915i*
,
80
ioe" Colorado Fuel— Gen. 68
Deb.
g.
48
19051*
N.
Y.
Cent.—
113
98
1091s
98
98% Col. A Uoek. Coal A I.— 68, g.. 1917
Consol'u Coal— Convert. 6s.. .1897
105
N. J. June—Guar. l8t, 48...19H0|* 99
104
Beeoh Creek— 1st, gold, 48.. 1936
75
961s Cons Ga9Co.,Chic.-l8t gu.58.1936
721a
Denv. C.Wat. Wka Gen.g, 58.1910 9514
N. Y. N. H. AH,— 1st, reg.4s.l903 *102is 107
75
Det.Un.DepotAbtn— lat g. 48.1938
N. Y. & Northern— 1st, g.. 5s. 1927 105is 107
115
2d, 4a
1927
54 -Ediaon Elec, Hi, Co.— Ist, Ss.lsllO
98 100
80
113 iia>s N. Y. Snaq. A West.— 2d, 4159.1937
Equitable G. A F.— 1st 6s
1905
90
71
78
95
114>4
t»2l9 Henderson Bridge— Isl if. 6s. 1931
Gen. mort., .38, g
lo5
1040 79
107
North'n Paclilc-Divid'dscripext. "100
Mutu.1l Union Teleg'h- 6s, g.l9U 100
110
James River Val.— Ist, 6s,. .1936
jNation'i Starch .Mrg.— lat. 69,1920
93
Spokane A Pal.— 1st, 68
IOC's
1936 100 103 ;N, Y. A Perry C A L— Ist, g. 68.1920
St, Paul A N, P,— (ien., Gs..l923i*116
Northwestern Telegraph- 7o, 1904 1U3
138
117
HelenaAReU.M'n— lst,g.,63.1937
105 107
People's Gas A Coke ( lstg.6«,1904
102
DuluthAMaiiitoba— lst,K.68l936' 103 106
131
Co., Cliicago
S2d g.6s,1904
Diik.Div.—
Dul.A.Mau
l8t«.s.l937 102
1919 100
103 Peoria Water Co.—Os, g
Cceurd'Aleue- lst,68,gold.l916
"so"
Pleas. Valley Coal— Ist g. Os. 1920
Gen. lst,g..(js
193fl!
ProctorA Gamble— Ist, g., 68. 1940
75
lO^Tg West. Union I'el.- 73... IS75-19O0 109
100
Cent. Washington— l8t,g.,68.1938
104'4
Norfolk A West.- General, 6s. 193
Unlloied Konds.
120
AIa.&Vick8.-Cousol.5g..l921.AAO
New River, 1st, (is
1932 114
90
95
Imp. A Ext,, lis
70
1934 108
2d M., income till'sU, 1921..AAO
80
Vloks.A .lerid,.l8t69,1921,AA0
96 100
115%
Adiustment M., 78
1924
109
Equipment, 58
Atlanta A Charl.—lst7», 1907, J AJ 117 119
1908
ComstockTuu.- Inc.48, 1919.MAN 27
92
Clinch Val. Ist 5s
31
1957
96
Scioto Val. A N. E.— Ial,4s..l990
Georgia Pac— Ist 68, 1022.... J AJ 100 100 >a
75
A40 59 60
117
Consol, 3g. 1923
Ogd. A Lake C li — 1 St con. 6s. 1 920
.*
Income 58
102
Ohio A Miss— 2d C0U80L 7a... 1911 112 113
LitlleR.AMem.-lat5g.1937.MAsl 70
72
96
Hpriug.Div.— I8t7s
98
1905
»
Co.
Mein.fr<'>i->'-l
OoTipril Rq
l*l*<*>
-.-..l<M3.rVJ 112
115
C—
.
. .
. .
.
. .
. .
I
—
'
m
price Friday; tbeae are the laceat quotattoos
.
.
mad«
this
wMk.
1
..
..
.
.
THE CHRONICLE.
252
[Vol. UIl.
Latest Earnings Reported.
Jnujestmjent
WeekorMo
KOADS.
1891.
AMD
Geo. 80. 4Fla.. July
Georget'n4W'n Mav
Gr. Rap. 4Ind.. 2d wk Aug.
Cin.R.4Ft. W. 2d WkAug.
pages,
The Investors' Supplement, a pamphlet of 150
and Bonds of Raileontains extended tables of the Stocks
and statistics conroads, and other Companies, with remarks
Company.
the income, financial status, etc., of each
Other lines.
..
2rt
wk Aug.
Total all lines. 2d wkAug.
Grand Trunk. .. Vk Aus.13
Chic 4Gr.Tr. Wk Aug. 8
Det.Gr.H4M. WkAug. 8
Great North'n -
St. P.M. &M. July
East, of Minn JiUy
Montana Cent. July
78,074
3,787
52,214
10,874
4,392
67.479
403,971
73,014
41,014
1890.
Jan. 1
to
1891.
Latest Date,
1890
*
387,707
66,674
437,086
17,245
18,300
3.728
62.951 1,451,207 1,621,170
289,973
266.853
9,637
134,542
139,459
4.284
76.871 1,857.516 2,045,682
416,099 11,571.588 12,192,462
72,939 2,216,598 2,254,600
634,877
682,968
21,757
5,134,387 4,636,245
313,852
487.756
589,355
725,837
6,317,977 5,539,448
Tot. system July
23,884
2.8ti4
20,719
Gulf
Chicago.
4
subJuly
and is furnished vnthout extra charge to all regular
715.007
127,309 130, 18
701,014
Housatonic
luno
subto
sold
are
82,390
copies
13.500
88,904
12,076
Extra
Humest'nAShen
July
Bcribers of </ie Chronicle.
41,100
7,800
others at Hutch. ASouth'u July
scribers of the Chronicle at 50 cents each, and to
1,425,014 1,280,590 9,895,415 8,876,466
Illinois Ceutr'lo July
248,496
49,40~
42.213
257,063
lQd.Dec.4Quin .July
|1 per copy.
293.000 239,000 1.981.066 2,02 1,789
lu.&Gt.North'n July
940,336
909.781
39.109
33.897
The General Quotations of Stocks and Bonds, occupying Iowa Central.. 2d wkAug.
22,045
20,681
2,359
2,564
Iron Railway.. July.
six pages of the Chronicle, are published on the third Jaok'v.South't'u 1th wkJ'ly
376,837
611.551
39,179
22,121
354,340
449.496
44,834
35,233
J'k'nv.T.&K.W Juno
Saturday of each month.
184,280
5,949
183,131
6,563
Kanawha4Mich Ut wk Aug
244.911
172.654
5.32
9.010
Kan.C. C1.4SP
t wk Aug
2,801,999
74.815
85,463 2,626,40'
K.C.F.8. 4Mem. Istwk Aug
687,691
20.004
658.364
&Btr.
18.362
K.C.Meui.
1st WkAug
208,511
228,934
7,148
8.283
Keokuk & West. d WkAug.
Date.
Latest
1
to
Jan.
79,836
Reported.
Earnings
12,9»6
16.231
64,443
Zaiest
K.ingst'n 4 Pern. Tune
37,080
40,463
5.505
5.951
L. Erie All. 4 80 July
1890
1891.
1890.
1,821,511
1891.
Weekorifol
80,145
66.894 1,926,062
BOAD8.
L.Erie 4 West.. 2d wk Aug.
201.012
238,043
36.980
31,016
Lehigh 4 Hud.. July
299.775
371,664
11,830
12,206
L.Rock 4 Mem. 1st wk Aug
30,7181
44,500
I
Alftbaraa Midl'a. July
513,972 496,965 2,274,083 2,128.750
Long Island
July
1,168,173'
1,199,499
219,848
19B.845
203,573
190,987
36,399
24.973
AUMCbeny Val.. June
Louis.A Mo.Kiv. June
91s, 148
726.539
AtiOli.T.A8.Fe.. IstwkAug 644,846 540,308 18,350,905 17,363,683 Louis.Ev.48t.L. d wk Aug.
33,377
30,83^
960,Oii9
997,636
27,4371
11,441,039
26,806
Aug'
Ball owned... Istwk
Louisv.ANashv. 2d wk Aug. 410,615 396,650 11,830.532
Total system. 2d wk Aug.j 704,726 599,008 20,053,268 18,923,319 Louis.N.A4Ch. id wk Aug.
60.291
53,705 1,663.952 1.527,698
BtL.<tSanP.. IstwkAiigi 12^,298 118,778; 3,784.773 3,563,378 Louisv.N.O. 4T. 2d WkAug.
47,490'
53,775 2,ii32,6H9 1,369,235
977,497
941,012 Lou.8t.L.&Tex 2dwk Aug.
26,780
26,212
231.827
Halfowued.. Istwk Aug
270,471
9,8
9,115
4.656,810
152,120
4,924,774
162,504
49,304
Tot.8.L.&S.F.|2dwkAug.
100.568
14,844
9,794
Lynchb.&Dur'm July
865.275
Agp. total ..l2dwkAug. 867,230 756,028 24,978,041,23,580,130 Memphis &Cha.= June
763.316
1 08,68 H
123,367
56,5241
59,461
3.870.955
Atlanta.feChar.*iMay
tMexlcanCent. 2d wkAug. 140,804 116.928 4.290.807
48,3.^6
49,243
5,581
5,915
Atlanta & Flor'a June
72.453
65,782 2.516.105 2,278,603
National 2rt wk Aug.
31,794l
251,306
245.768 JMex.
33,924
Atlanta AW.Pt. July.
74,00
75,839 2,498.464 2,333,246
[Mexican R'way Wk Aug. 1.
1,688,604 1,622,940 10,417.354 10,394,940 Mil.L.8h.4West 2d WkAug,
B.AO.EastLlnes July
85.746
82,056 2.039.031 2,233.234
3,110,905
449,822
3,200.373
474,069
Lines
Western
July
937,478
995.541
31.030
33,773
Milwaukee 4 No 2d wkAug.
2,162.673 2,072,762 13,528.259 13,595,313 MineralRange.. July
66,581
Total
July
77,337
11,688
14,785
49,074 1,364,483 1,331,083
56,492
Bal.A0.8outhw. 1st wk Aug
774,891
891.823
4St.L. July
124.326
146,73
Minneap.
844,906
829.096
150,479 143,451
Bait. & Potomac June
1,107,893
1,148,589
206.136
8.8.M.
162,788
4
30,275
6,383
45,629 M.St.P. 4'I^x, July Aug 163,0'
3,464
Bir. <Si Atlantic. July
162,610 4,766.507 4.557.018
Kan.
Istwk
92,294
17,941
14,819
96,187 Mo.
Bir.Sh.&Tenn.R June
174.869
205.4(10
7,677
7,597
Kau. C. 4 Pac 1st WkAug
555
397
8,026
5,319
Blshopsvillo
May
Syst'iu 2dwkAu,
166.297 170,207 5,138,208 4,902,096
Total
14,107
928
880
12.645
.Blackv. AIS.&N. May
135,592
4,33it
146,632
4,097
1st WkAug
44,123 1,662,674 1,266,359 Mol)ile4Birm..
Baff.Roch.&Pilt 2dwkAug.
59,699
Ohio . July....
261,777 257,223 1,976,847 1,852,463
77,919 1,880,264 1,644,177 Mobile 4
86.960
Bur.C.Kap.&N. ithwkj'ly
193,629
505,921
69,851
31,380
MontereyAM.G July....
77,909
304,240
76,670
Camden & Atl. June
308,338
530,454 341,167 2,398,759 2,050,803
Nash.Ch.48tL.6 July....
49.1-12
43,453
Canada Atlantic May.
118,645
130,429
28,5,11
21,951
June ...
CanadlanPaciflc '2dwkAug, 395,000 354,000 11,467,465 9,547,173 N.JerseyAN.Y
82.907
8.T52
96,687
11,083
NewOrl. 4 Gull July. ...
10.690
Cp.F'r&Yad.Val 2d wkAug
9,979
22.959,266
3,713,430 3,354,770 23,823,87
0.4 H.R.rt .July....
1.813
Car.Cum.G&Cli. May
3,402
18,523
10.750 N. Y.
13,785,924 13,724,377
4
W
i!,426,790
E.
2,584.494
June
...
L.
N.
Y.
626,023 552,502 2,923,954 2,781,162
Cen.KR.&Bg.Co April
Ohio June ...
581,826 553,150 3,142,828 3,453,254
Central of N. J . June
1,250,443 1,196,207 6,505.268 6,062,020 N. Y. Pa. 4
2,918.417 2,793,296
514,83
530,39
Central Paeiflo. June
1,495,162 1,362,688 7,669,697 6,881.196 N.Y.4N.Eng.. Juue ...
305.916
282,074
43,223
North'n. luly
47,683
Central of 8.C.. May
5,608
7,532
43.529
52.812 N. Y. 4
1,312,011 1,390,054
4
W..
62,431
Aug.
67,356
2d
wk
Y.Ont.
Char.Cin. AOWo June
10,667
8,427
73,033
57,837 N.
710,361
752,978
155,373 150,634
Juno
Charlest'n&Sav June
49,831
39,233
419.703
366,892 N.Y. 8usq.4\V..
4 West. 6 2d wk Aug. 183,848 190,938 5,350,231 5,035,570
Char.Sum.&No. May
5.699
4.017
42,278
23,013 Norfolk
345,000
378,442
(S.C.I .May
59,117
57.316
Chatt'u'gaUni'u July
8,713
11,808
56,629
66,356 N'theasfn
Central.
576,817 518,832 3,173,603 3,256,944
Cheraw. & Darl. June
5,369
6,729
52,809
47,858 North'n Paclttc June
12,927.387
d WkAug. 455,123 488,897 13,511.790
Cheraw.&SaUsl) May.
1,126
1,423
11,761
10,727 Northern
94,859 107,422 2,478,026 2,490,955
d WkAug.
Ohes. & Ohio .... 2d wk Aug.
190,244 167,471 5,145,027 4,586,552 Ohio & Miss
120,700
128,582
21,327
23,326
Ches.O. &8. W. July
198,287 186.186 1,283,891 1,119,621 Ohio4Northw.. July.
5,264
6,999
1,162
972
Maysv.
July.
Col. 4
Oliic. Burl. & Q. June
i2,609.199 2,740.583 14,769,587 16,937,025
376,949
381,962
17,100
18,666
1st wkAug
OhlcA East. Ill- 2d
78,261
WkAug,
70,821 2,217,248 1,886,542 Ohio River
292,387
"
312.123
Southern..
47,672
39,733
July.
Chicago &*Erie. May
197,873 224,530 1,014,284 1,155,505 Ohio
116,201
155.423
16,188
13,976
Ohlc.Mil.ASt.P. 2d WkAug. 491,897 498.337 15,621,888 14,760,033 Ohio Val. of Ky. SwksJuly.
260,777
179,277
48,373
36,090
Chic. AN'tliw'n. June
2,375,595 2,184,427 12,160,356 12,213.719 Oinaha4St. L.. May
2,047,923
Co. Juue
326,947 383.229 1.866,342
Chlc.Peo.&St.L. March
56,960
33,088
156,.592
95,203 Oregon Imp.
5,440,655 5,172.004 31,475,411 31,938,511
Chic.Rockl.&P. July
1,376,919 1,275,109 8,895,884 9,262,430 Pennsylvania .. June
480,992
519,058
18,458
16,572
Ohlc.8t.P.&K.(j. 2d WkAug.
88.731
79,481 2,547,827 2,536,267 Peoria Dec. 4Ev. 2d WkAug.
283,930
280,938
42.847
47,763
June
Cai0.8t.P.M.4O. June
576,274 433,233 3,218,929 3,005,663 Petersburg
2,239,387 2,436,156
Erie... J uue
447,333
408,276
4
Ohlo.&W.Mlch. 2d WkAug.
Phila.
35.390
30.561 1,029,150
945,589
9,661,527
9,944,801
1,820,849 1,867,087
Cln. l>ay.i\iIron. April
Phila. 4 Read'g Juue
48.067
42,108
1,663,421 1,602,406 8,436,820 7,793,003
Cln.Ga, *E'orts. July
Coal 4 Iron Co, June
5.954
6,595
36.000
35,027
3,484,270 3,469,194 18,381,626 17,454.530
Cln.Jack&Mao. 2d wkAug.
Total both Cos. June
14,370
14,4^8
437,782
39r.,006
21,008
25,091
4,221
2,833
Cto.N.O. &T.P Isl wk Aug
86,532
80,411 2,530.441 2,010,720 Pitts. Mar. & Cli. July
148.437
169,114
35.931
24,093
Ala.Gt. South. 1st wkAug
32.027 1,095,327 1,108,013 Pitt.8hen.& L.E. July
31,749
58i»,039
542,410
West'ulMay,
128,067
4
117,658
N. on. i N. E. Istwk Aug
17.093
Pittsb.
19,049
65 1 ,609
747.595
194,145
163.151
39,525
41,543
Ala 4 Vicksl). Istwk Aug
Fitt3.Clev.4T. May
8,723
9,832
349,888
381,334
104,546
100.034
28.703
28,600
Vlcss.Ph. &P. 1st wkAug
Pitts.Pain.4F. May
8,006
8,08;
329,2S5
320,028
1,343,485
1,351,341
Erlanger Syst. 1 St wk Aug 154,059 147,446 4,936,501 5,097,690
48,614
44,145
Total system 2d wkAug.
809,033
600,233
Cinn.Nortiiw'n. July
July
129,420
180,808
1,474
Pitt.Young.4A.
1,856
11,854
11.173
152,536
175,652,
Cln.Wab.AMich. July
19,894
21,792
68,737
55,951
375,582
334,686 Pt.Royal4Aug. .May
174,025
190,643
May
24,230
25,064
Olev.Akrou&Col Istwk Aug
20.197
Pt.Roy.4W.Cai.
16.914
.550,368
489,.501
73,875
74,692
Olev. A Canton.. June
16,506
13,957
71.271
50,822
314,039
216,373 Pre8.4Ariz.Cen. July
1.35,143
141,257;
July
Ol.Cin.Ch.AS.L Istwk Aug 266.665 259,477 7,664,58'
18,619
20,237
Quincy0.4K.C.
7,645,457
3,133,700
Feo. A Eaet'n. Ist wk Aug
479,900 423.200 3,401.900
34.089
22,822
895,126
850,738 Rich.ADanvillo. July
Clev.A Marietta July
195,000 189,400 1,272,450 1,226,800
24,849
28,299
Vir. Midland.. July
194,752
170,352
514,090
557,650
Color. Midland.. 2d wk Aug.
86.800
73,000
43,460
34,424 1,240,838 1,143,230
Char.Col.4Au. July
466,238
Col. H. V. 4 Tol. July
July
53.700
477,570|
4Qreenv.
63,500
313,733 209,471 1,691,975 1..371,134
OoL
.535,114
Col.Shawnpe4H July
581,450i
81,300
72,670
56,992
26,802
296,51
West. No. Car. July
147,761)
1,015,475
Colusa 4 Lake.. July
July
..
154,500
1,073,570,
2,750
Pac
149,000
2,680
Georgia
14,115
13.089
74,198
Covin. 4 Macon. April
79,750)
14,000
10,253
14,270
8,146
46,546
Wash.0.4 W.. July
46,368
78,327
Senv. 4 Rio Gr. 2a wk Aug. 169.400 178.500 4,914,691 5,061,352
85,873
14.500
14,900
Aih V. 4 Span. J uly
Des Moin. 4 No. July
11,168
264,380 277,700 8,073,000! 7,637,642
13,024
Total Sys'm. 2d wkAug.
67,667
61,831
176,377
DesM. 4 N' west July
Juno
163,848
15,189
Petersb.
29,457
31,531
15,094
4
109,094
113,441 Rich.
DetBay C.4Alp July
135,8191
41,700
4,880
60,280
281,329
330,234 Rio Ur'dc South. 2dwKAug.
I>et.Lans'g4No 2d WkAug.
25,327
23,140
53,400
37,050 1,482.2771 1.020,844
726.806
716,761 Rio Gr. West... 2d wkAug.
Dulnth 8.8.4 Atl 4tliwkApr.
38,055
69.728
361,480 349,913 3,235,903 2,222,488
486,496
497,631 Rome W. 4 Ogd. July.
52,528
Duluth 4 Winn. July..
5.907
11,323
54,244i
9,041
4,280
42,851
31,230 8ag.Tu8Cola4H. July.
712,836
S.Tenn.Va.40a March.
789,0371
524,643 534,459 1,670,177 1,661,386 8t.L.A.4T.H.B'B IstwkAug
27,410
23,117
2,168,605
Knoxv. 4Ubio .March,
2d
wkAug.
63,272
2,281,304
49,501
73,651
79,960
8t.L.8outhw'rn.
189,647
149,639
761,334
Total system. July..
906,396
549,179 613,010 4,006,480 4,123,397 8t.Paul4Dul'tn July
158,260 140,963
866,630
Bgin Jol.AEast. June
61,748
935,903
44,665
29.789
40,450
311.572
271,773 S.Ant.4Ar.Pas8. Ist wk Aug
426,525
raiz.Lei.4B.B... April..
55,331
470.0271
63,679
20,234
16.553
217,509,
239,989 •.Fran.4N.Pao. IstwkAug
174,843
Evans.AInd'pil* 2dw
wk Aug.
8,4011
July
269,387
33.827
7,279
Mon.
37,500
202,065
172,312 Sav. Am. 4
146,009
BransT. 4 T. H. 2d WkAug.
27,432
144,755
22,922
10.150
13.158
704,921
629,699 Seattle L. S. 4 E. 4thwkMay
32,438
ritetaburg
June
605.779 597.356 3,307,216 3,297,778 Silverton
May
23,1891
13,130
9,896
rUiit.4F.Mara. 2d wk Aug.
50.3.-)2 1,797,7231 1,846,619
50,500
212,130
22,283
33,414
81ouxClty4No. Juue ...
fflorence
797,891
May
1.753!
1.599
July...
930,832
22,259,
112,000
104.579
18,840 South Carolina
Flor.Cent.4 P. IstwkAttg
24,771
20,361
863,610
712.016 80. Pacific Co.—
JfLW. ARloOr. 1st WkAug
3.305
7...60I
131,342
337,215 303,304 2,023,876 1,943,047
Gal.Har.48.A. June .
73,555
538,4*5
Ga. Car'la 4 No. May,
7.770
3.835
5(1,211
449,872
74,736
87,666
26.239
Louls'a West. June
Georgia RR.....'Jnne
111.286 107.501
905,3861
371,942 417.1171 2.591.113 2..52r,.77»
Morgan's L4T. June
831.893
cerning
every other month—
Jt is published on the last Saturday of
September and November,
viz., January, March, May, July,
825,001
72,811
103,373
1,001.185
.
,
RAILROAD EARNINGS.
•
|
.
.
.
'
.
746,435
60,676
103.359
910,469
2,734
A00C8T
3
..
.
THE CllHONICLE.
28, 1891.J
LaUtt BanUngt R*porUtt.
Jan, 1
to Laltil Dalr.
11>4D8.
Wakorlio
1891.
1890.
»
»
8o.PHC.C().(r(.ni
M. Y.T.AMfX. Jiiue
T«z. A N. Orl June
128,70.^
15,418
140,425
June
93i>,0:(i
1163.960
Atliiullo Hj-H.e.
18.731
Jimc
ull..
Bo, Pao. KU.—
No. Dlv. (Cal.rJiine
Bo. Dlv. (Cal.) Jiiuo
Arlioiia Dlv.. June
New Mi'i. Div.'June
Bpar. Uii. 4 Col. May
i
Statpu Isl. R. T. July
8touyCI.AC.Mt.. Juuo
Bamuitt Urau(>U.|Jiiuo
Lykeim
Valliiv
June
A
Pai'illcv 2(1
308.615
015,240
164.471
82.888
8,627
144,000
5,4»2
210,405
50^,714
157,311
77,630
8.7H0
146.060
107,y9.'5
103,350
100.553
203.909
19.158
123,183
1,038
98,478
5,111
91,877
199,872
Tot'I both (-i>'t» Juuo
Tenn. Mulliuul.. .luiy
Texas
15.8.56
wkAiig
117,811
Tex.S.VaUfeX.W. 1 Ht wk AuK
Tol.A A.AN. M. July
Tol. Col. ACIn.. 2d wk Ausf.
Tol.AOliloCeut, 2d wk Auk.
lol. P. A West.. lat wk Aug
90,006
6.646
33.148
rol. 8t.
iS.l.'il
I..
A K.C.
Tol.ASo.Havou.
Ulster* Del....
Onion Paoillo—
Or. 8. U A U.N.
Or.Ry.AN.Co.
Un.Pac.D.AO.
wkAug.
March
Juno
2<1
June
June
June
1891.
S
•
86,426
88.581
740,415
882.132
5.933. 806 5.078.978
522
2l),.=.06
2,267
36,016
662,395
438,631
4,6,-.8
29,64<!
17.541
32.037
1.904
33,398
069,865
3,042.617
087.187
611.S44
55.979
592,102
13,076
616,561
461,661
1,081,220
109,002
3,857,933
24.748
594.131
203,616
864,233
544,121
1,072,406
5,762
158,174
671,512
438,734
523.543
3.702,180
2.571,133
46'2,600
2,474,566
Bt.Jo.&ClMIsl.ljuuo
62,880
123,991
365.732
Allotli. lines. .iJuuo
1,821,260 2.036,083 9.802.195
Tot.U.P.Bys.'Juue
3,447,786 3.793,862 18.915.805
Cent.Br.&L.L. Juno
51,123
73,603
306.983
Tot. couf led June
3.498.909 3,867,465 19,222,790
Montana Un.. June
46,070
79,980
394,877
Leav.Top. A 8. June
2,476
2.247
14.451
Man.Al.ABur. June
3,118
2,999
19,820
Jolut.own'd.ia June
25,832
42,613
214.573
Grand total Juno
3,524.741 3,910,077 19,437.364
ermout Valley Juno
5.823
13,580
82,563
Wabash
SdwkAug. 300.000 273,000 7,953,842
Wab. Chest. &W. .May
3.881
4,640
24,811
Wasli. »?»atlieru. June
25,762
26,066
146.903
West Jersey
June
131,083
124,962;
628,620
88,937'
W.V.Cen.APitta. july
85,970
633,413
We.it Vir.&Pitts. May
14,430
48,420
8,472j
Western of Ala. i.fuly
40,194
36.322
303,409
Wesl.N.Y. A Pa. 2a wk Aug.
80.200
79.300| 2,165,314
WheellngAL. E. adwkAug.
27,674
27,126|
766.066
65,029!
Wtl. Col. & Aug. May
67,988
443,154
Wisconsin Cent. 2dwkAug. 107,570 119,928: 3,005,741
6,210l
6,175
Wrightsv.ATen. July
52,511
1
999,867
3,022,073
1,012.436
532,0(13
50.279
568,892
12.830
403,436
461.506
924.910
1 13,962
3,967.014
27.885
664.9
1
1
87,(!!I5
532.H<J8
962.0^3
5.384
151,783
3.523.560
l,8(i6,363
2.638,647
741,101
11,132.075
19,901,750
584,122
20.485,872
428.343
14.824
16.U60
230.003
20,716,935
86,016
7,726,339
22,935
140,323
615,608
512,517
35,«i)7
286,503
2,183,174
699.487
433.586
3,0o6.1S7
47.413
a Whole system, includmg Iowa
included in July, 1891. hut not In 1890.
e Includes earnings from
ferries, etc.. not ^ven seoaratol.y.
1 Mexican ourrencv.
d Includes
Rome Wat. A Ogd. in both years for July and the seven months.
Latest Gross Earnings by Weeks.—The latest weekly
eaming.s in the foregoing table are separately summecJ up sj
follows:
For the 2d week of August 61
show
roa(33
have reported, and thca^
3'98 per cent gain in the aggregate.
2d Keek of August.
1891.
1890.
Atch.T. AS. F. sys. (4 r'ds)
Buffalo Roch. A Pins
Canadian Pacific
Cape Fear & Yadkin Val.
Chesapea He A Ohio
Chicago A East. Illinois.
Chicago Mil. A 8t. Paul..
Chicago Ht. P. & K. City.
Chicago A West Mich
Cin. Jac.
A Mac
Colorado Midland
Denver A Rio Grande ...
Detroit Lansing A North.
XvansvlUe A ludianap...
Kvans. A Terre Haute...
Flint A Pore Marquette..
Grand Rapids A Indiana.
Cincinnnti R.
A Ft.
W..
Other lines
Grand Trunk of Canada..
Iowa Central
Keokuk A Western
1-ake Eric A Western
Loulsv. Kvar.sv. A St. L.
Louisville A Nashville...
Loui.«. N. Alb. & Chic
Louisville N. O. A Tr.\as.
Louisville St. L. ATe.ias.
Mexican Central
Mexican National
MUwankce
L. 8h.
A W est.
Milwaukee ANorlhern..
Mo. Kan. A T. (2 roads)
»ew York Out. A West.
Horfolk A Western*
Korthern Paciiic
Ohio A Mississippi
Peoria Decatur AEvansv.
A Western
A Danv. (8 road8>.
Pittsburg
•Rich.
Rio Grande Western
St.
Louis 8outUwe»tcm..
Texas A Pacinc
Toledo Col. A Cinn
Toledo A Ohio Central..
Toledo 8t. L. A Kan.City.
Wabash
Western N. Y. A Penn..
Wheeling A Lake Erie...
Wisconsin Central
Total (61 roadH)
867.230
59.699
395.000
10.690
190.244
78.261
491.897
88,731
35,390
14.370
43.460
169,400
25,327
8,401
27.432
50.500
52,214
10.874
4.392
403.971
39.109
7,148
80.145
33.377
410,615
60.291
47.490
9.872
140.804
72,4.33
85,746
31,030
166.297
67,35>;
183,848
455,125
94.859
18.458
48.614
264.380
53.400
73,651
117,814
6,646
33,448
45.151
300,000
80.200
27,674
107,570
16,190,054
Increase.
$
.«
11.5,202
5,111
i,S35
3,802
13.114
29,646
32,037
275.000
79,300
27,126
119,928
5,953,270
15.576
41,000
711
22,773
7,440
6.440
83
9,036
9,
»y
16)8 in itOl,
ICO
2.187
1.122
4,510
148
i6,737
108
12.128
3,212
1,135
13,251
2,543
13,965
6,586
6,285
727
23,876
PniT'l y report'd 64 roads)
1
Bait.
AOhioHnuthw
Chicago
A Grand Trunk.
Cln.N.O. AT.Pao.(5 roads)
Clere. Akron A Col
Detroit Or. Hav. AMU...
Flint A Pcre Marquettj.
Fla. Cent. A Peninsula.
Kanawha A .Michigan
.
A Memphis..
A Texas
Kansas City A Pacific.
Mobile A Birmingnani. ..
St. L. Alt. A T. H. Brches.
San Antonio A Ar. Pass.
San Francisco A No. Pac.
Little
Rock
Mo. Kansas
statement coven 89
float
1800.
Inerean.
0.887,605
56,492
73,014
154,050
20,107
41,014
61.322
24,771
5,949
11,830
163,073
7.677
4.097
27,410
40.450
20,234
5,924.786
4»,074
72,03H
147.416
16.914
21.757
49.900
20,361
6,565
12,206
162,610
7,597
4,339
23,117
29.789
522
530,236
7,418
e.613
3,283
19,2!7
11,362|
4,410,
eis
S76
4651
801
842
16,5.53
20,506
1.038
17,541
2,965
Total (83 roads)
N«t increase (8 13 p.o.)
7,120,224
6,531,592
A N. W.
. .
67,417
74;
TuUdo Peoria A Western.
Texas Sab. V.
Deereat*
i"
4,293
10,661
3,681
516
4.923
7.110
33,772
12,563
1,886
4.469
13.320
i6,356
6.309
7,369
25,000
900
548
12,358
145,397
604,709
533,632
69,107
Net Earnlngrs Monthly to Latest Dates.— The following
shows the gross and net earnings to latest dates of all railroada
furnishin)! monthly statements. The compilation includes
every road from which we can get returns of this character,
and in that form is given once a month. Early returns are
published from week to week, as soon as issued, but for the
convenience of our readers all the roads making returns ara
brought together here in the week in which we publish our
monthly article on net earnings say on or about the 20th of
the month. A paragraph mark (it) added after the name
of a road indicates that the figures for that road have not pre-
—
viously been given, but appear for the
.
first
aross Earnings.
1891.
1890.
,
$
Boadt.
AJlsgheny V»rey..June.
203,573
219,848
Jan. 1 to June 30... 1,168,173 1,199,499
Atoh. T. AS. Fe....June. 2,678.163 2,398.372
Jan. 1 to June 30... 14.872,353 14,492,498
July 1 to June 30... 31,942,268 29,494,500
168,032
125,171
K'dsJ'tly ow'd(ia).June.
846,058
804,199
Jan. 1 to June 30...
July 1 to June SO... 1,721,450 1,509,857
Total Atoh. ija... June. 2,846,195 2,523,543
Jan. 1 to June 30... 15,718, 412 15.296,696
July 1 to June 30. ..33,663,716 31,004,357
544.973
470,818
St. L. A San Fran. June.
Jan. 1 to June 30 .. 3,038,114 2,895,878
30...
June
6,748,508
6,394,067
July 1 to
165,235
122,548
K'ds j'tly ow'd(ia).June.
828,924
788,308
Jan. 1 to June 30..
June
30...
1,685,208
1,475,238
July 1 to
710.208
593.366
Tot.8.L.A8.F.6y8.Juue.
Jan. 1 to JUMC 30... 3,867.038 3.684. ISO
July 1 to June 30... 8,433,716 7,869.306
Tot. both systems.June. 3.556,403 3,110,909
Jan. 1 to June 30. ..19.583,449 18,980,882
July 1 to June 30... 42.097,432 38,873,663
Baltimore A OhioLines E.Ohio Riv.H July 1,688,601 1.622.940
Jan. I to July 31... 10,417,354 10,394.940
Oct. 1 to July 31. ..15,217,011 15,284,671
474,069
449,822
Jan. 1 to July 31... 3,110,905 3,200,373
Oct. 1 to July 31... 4,501,871 4,653,505
Tetal system.... "IJuly. 2,162,673 2,072,762
Jan. 1 to July 31. ..13,528,259 13,595,313
Oct. 1 to July 31. -.19,778, 882 19.938,236
Balt.AO. Southw ..May.
.
time in this
yet
18:^1.
$
issue.
Eamingt.—^
1890.
$
57.961
81,354
427.860
484,926
820,981
546,778
4,458,452 4,285,934
9,636,441 9,900,694
7,650
5,493
def.12,357
111,631
def. 15,894
183,277
834,632
532,272
4,446.096 4.397,566
9,620,547 10.083,971
216,936
160,12*
1,1691715 1, 144,191
2,907,649 2,910,271
11,033
9,573
def. 418
128,853
15.527
200,059
227,900
169,697
1.169,297 1.273,048
2,923,176 3,120,231
1,062,600
721,968
5,615,393 5,670.613
12,543,723 13,204,202
586,308
567,747
3,362,918 3.104,055
5,022,927 5,002,737
82,503
46,090
408,302
403,240
714,698
789,893
668,871
613,837
3,331,220 3,507,295
5,737.625 5,792,630
64.043
57,976
309.401
311,518
751,3«4
741,783
37,202
33,860
222,515
187,755
187,830
176.466
921,517
912,565
2,150,564 2,126.232
June.
150,479
143,451
Bait. A Potomac
844.906
829,093
Jan. 1 to June 30...
332
6,526
969
3,313
Blrm. A Atlantic. HJuiie.
39.246
6,386
13,157
28,811
Jan. 1 to June 30...
72,252
63,821
20,817
29,070
July 1 to Jime 30...
14.819
6,044
17,911
1,795
Blr.8heff.ATenn.R.1fJune
92.294
96.187
30,940
29,124
Jan. 1 to Jime 30...
109.223
236,309
198,503
70,330
Buff. Roch. A Pitts. June.
423.522
975,700
346,774
Jan. 1 to June 30... 1.315.728
731,836
675,588
July 1 to June 30... 2,542.157 1,979,624
209,427
73,776
18,197
208,340
Burl.Ccd. R. & No. H Juno.
331,623
463,615
Jan. 1 to June 30... 1,607,591 1,407,011
13,905
77,909
8,827
76,670
Camden AAtlantlc.H June
10,303
304,240
308,338 def. 1.661
Jan. 1 to June 30...
14,740
49,142
14,253
43,453
Canada Atlantic ..May.
601,813
548,116
Canadian Pacific... June. 1,600,482 1.403,000
Jan. 1 to June 30... 9,031,465 7,334,173 2,954,522 2.223.874
14,813
14.880
42,581
46.498
July.
F.
Val..
Cape A Yad.
116.240
291,127
120.933
329.664
Jan. 1 to July 31...
551,745
557,797
Cent.of New Jersey. June. 1,250.443 1.196.207
Jan. 1 to June 30... 6,505,268 6,062.020 2,699,875 2,400,366
558,694
736,003
1.362.688
1.495,162
June
Central Paclflc
Jan. 1 to June 30... 7,669,697 6,881,196 3,433,733 1,910,223
8,427 def. 3,268
10,667
Char. Cin. A ChicTTJuue.
S7;857 def. 15,002
73,033
Jan. 1 to June 30..
2,425
s,6e«
11,154
8,149
CUatt'noogaUnion.TfJune
21,278
14,252
54,548
47,916
Jan. 1 to June 30...
def. 17
157
6,729
5,369
CherawADarrpt'nUJune.
7,340
19,000
47,858
52.809
Jan. 1 to June 30...
61,016
171,118
605,041
680,815
Chesapeake A Ohio. June
614,842
980.104
Jan. i to June 30... 4,015,445 3,607,947
July 1 to June 30... 8,127,062 7,161.949 2,206,.574 1,706,823
56.440
33,309
156,773
171,077
Ches. O. A Soulhw. .May.
274,832
245,753
778.460
908,139
Jan. 1 to May 31...
742,880
940.077
Chic. Burl. AQuincy. June. 2.609,199 2,740.583
Jan. 1 to June 30... 14,769,587 16,937,025 5,017,615 5,591,984
Jan. 1 to
1 to
May 31...
May 31
.
.
2.743
3.910
382,181
1801.
«
July
1.237
6,671
3,690
week 0/ Aitguil.
\$l
LlnesW.ofO.Riv.KJuly
9.250
4,829
5>r»fl.'a4
• 0-e a
Dttrecue.
$
732,028
44,123
354,000
9,979
167,471
70.821
498,337
79.481
30,561
14.438
34.424
178.500
23.110
7.279
22,922
50.352
62.931
9.637
4.281
416,099
35.897
8.283
66.894
30.832
396.650
53,705
53.775
9.145
116.928
65,782
82,056
33.773
170,207
62.431
190,988
488.897
107,422
16.572
44.145
277.700
37.050
79,960
125,183
Por the first week of August the
and shows 8*18 per cent gain.
867.423
Figures cover ouly that part of mileage located in South Carolina
lines.
6 Western and Atlantic
*
253
roftds
1880.
s.uy.aii 2.931.782 16.677.63(1 15.587.586
4.051, UbO 3,895,712 22,611,532 21,594,710
Paoltlo Hy»t«iii Jiiiio
Totalof
...
..
.
.
THE CHRONICLE.
254
arose Earnings.
1890.
1891.
• *
$
Soads.
OWo. Mil. & St. Paul. June. 2,147,615 11,614,400
iM^-fJJ.
Jan. 1 to June 30... 12,307,80.5
July 1 to Ju..e 30... 27,504,224 2U,40o,708
.
,
A West Mich. June.
<Jlilo.
June 30.
145,443
797,417
343.404
-
130-211
748,409
„ 367,352
2,120,115
4,309,144
Jan. 1 to
43lo.N.O.&Tex.Pac.1IJuno
Jan. 1 to June 30... 2,051,401
.
Julyl to June 30... 4,379,143
144,456
Ala.Gt.SoutU'nU.June.
1*7'J66
930,540
907,o64
Jan. 1 to June 30...
1.957,365
1,942.989
30...
June
July 1 to
116-468
86.949
KewOrl.&N'easfUJune
647,19o
542,415
Jan. 1 to June 30...
1,219,731
l,135,8o9
30...
July 1 to Tune
50,548
45,129
Alabama &Vicks.1! June
330,034
-293.127
Jan 1 to .luue30...
676,662
648,400
Jui,c30...
Julyl to
38,564
39,832
V10k8.Bli.&Pa« HJunc.
270,887
282,191
Jan. 1 to June 30...
639,754
630,682
30...
JtUy 1 to June
73,812
83,921
aev.AkroD&Col.HJune.
401.693
445.170
Jan. 1 to June 30...
797.890
902.536
Jnly 1 to June30...
50,822
71,271
Oeyerd* Canton.. June.
246,373
314.039
Jan. 1 to June 30...
499,502
648,078
30...
June
July 1 to
OIeT.Cln.Cli.&8t.L.1!June 1,065,124 1,124,254
Jan. 1 to June 3 J... 6,260,939 6,274.214
July 1 to June 30... 13,173.3 15 12.962,307
106,117
120,235
JPeo. & East. Dlv. IT June
Jan
.
1 to June 30...
Oleve. & Marietta.HJune
Jan. 1 to June 30. ..
July 1 to June 30...
Oolorado Midland. June.
Jan. 1 to June 30...
July 1 to June 30...
735,586
27,783
169,903
361,594
166,373
987,855
1,968,265
2S2,150
719,142
27,731
142,053
280,540
172,308
916,716
1,724,790
240,960
OoLHock.Val.c&Tol.Tune.
Jan. 1 to June 30... 1,378,242 1,301,663
22,642
52,005
Ool. Bhaw. & HocH.Ti June.
120,953
239.519
Jan. 1 to June 30...
725,500
693,700
Oenv. & R. OrandellJune
Jan. 1 to June 30... 3,817,191 3,859,744
11,589
12,700
DenMoin's &Sorw.tJune
98,347
91,977
Jan. 1 to June 30.
43.655
52.875
©et Bay City & Al. June.
242.329
279.951
Jan. 1 to June 30...
100.126
97,276
Set. L«n». & Nortb.June.
564.733
561,834
Jan. 1 to June 30...
568,357
S.Tenn. Va. & Qa.UJune.
549,600
Jan. 1 to June 30... 3,457.301 3,510,587
July 1 to June 30. .. 7,438.831 7,041,162
Elgin Jollet & E . f June
61,748
41,065
3-11,572
Jan. 1 to June 3 J...
271,773
flint & Pere Marq.Junc.
220.074
225,240
Jan. 1 to Juno 30... 1,461,088 1.521,856
Jla.Cent.&Penin.1[June.
117,841
94.181
Jan. 1 to June 30...
740,726
611.285
July 1 to June 30... 1,341,878 1.171,368
Oeoreia RR
111,286
.liJuue.
107,.501
Jan. 1 to.lune30...
905,386
831,893
July 1 to June 30... 1,891,692 1,681,050
10k. Soutli'n & Fla.^June.
57,524
• 3.003
35<,012
Jan. 1 to June 30...
321,033
July 1 to June 30...
785.918
536,027
Orand Bap. & Ind.li June 196.082
219,218
Jan. 1 to June 30... 1,107,050 1,221,708
Total system
246,429
276,663
H June.
Jan. 1 to June 30... 1,423,613 1,552,609
.
.
£
OrtidTr'kof Can. .May.
a
296,172
1.487.589
Cnitc.& Grand Tr.-May.
55,146
Jan. 1 to
May
31...
Jan 1 to May 31...
DetGr. H.&Mll..May.
Jan.
QnU
\
.
1 to
May
31
..
340,782
1,574,518
61,619
313.277
317,668
17.022
17,<)55
90.489
87,955
$
$
-Net Earnings
1890.
1891.
$
674.617
639,803
3.311,958
9,232,610
46,939
268,800
243, 5 •-'5
122,000
98.000
691.000
611 ,000
1,436.000 l,6c)8,000
38,823
21,006
248,912
265,421
667,495
630,248
29,000
18,000
177,000
128,000
340,805
265,000
5,000
129
66,000
44,129
178,715
149,129
1.000 def.*,000
5,000
62,000
122,995
150,000
21,267
24,662
103,314
111,660
213,344
239,381
26,306
20,115
108,073
82,031
233,651
172,196
417.389
412,773
2,072,336 2.198.308
4,366,441 4,588,389
9,880
47,876
108,561
221,339
7,238
4.746
43,032
31,664
90,405
59,209
32,290
65,177
243,704
298.041
581,367
558,943
150,996
107,607
596,248
596,513
22,021
5,191
99,100
27,258
250,000
324,391
1,153,180 1,530,710
1,900
400
32.711
33,289
18,830
27,422
98,795
138,947
31,367
29,410
148.476
155,304
225,601 det.11,963
1,308,400
968,837
2,549,152 2,444,998
23,483
11,171
108,072
91.73a
57,672
62,364
372,045
422,394
33,549
19,151
208,284
136,065
330,165
244,103
13,012
41, .552
274.511
243,500
653,475
505,279
19,397
20,311
100,990
118,739
252,638
211,953
45,793
76,863
294,323
405.344
56,779
96,574
385.610
523,673
£
—
£
117,128
432,650
17,675
77,1-20
3,873
14.969
$
<& Chicago... 11 June.
2,.571
2,753 def. 1,012 deM.049
Jan. 1 to June 30...
17,855
21.150 det.1,958
2.662
IUinoi8Central*...TrJuly. 1,425,014 1 .280,-590
265.537
317.199
Jan. 1 to July 31... 9,895,415 8,876,466 2,165,746 2,016,639
Ind. Dec. & QulucyHJune
31,0(50
31,032 def. 2,410
8,313
Jan. 1 to Juuc30...
207.661
206,283
34,355
48.631
July 1 to June 30...
465.465
436,399
112,957
114.737
Jack. Tarn. &K.W.. June.
44.854
35,233
16,484 del. 9.120
Jan. 1 to June 30...
44i*.4it6
3.54,340
211,735
86.724
Jnly 1 to June 30...
705.267
631,015
257,339
134,002
K>n.C.Pt8.i]( Mem. June.
345,116
359.805
107,397
98,037
Jan. 1 lo June 3i>... 2,231,502 2.350.787
589,367
651,229
July 1 toJuuc30... 4,70.1,143 4.937.431 1,313.923
1,550,7m5
Kanawha .t Mich.liJuno.
27,209
27.431
3,3 6
6,475
Jan. 1 to June 30...
153,013
145.574
21.493
27,102
July 1 to June 30...
317.902
305.218
86.201
67,856
KeoknkA'WeKt'n.liJunc.
29.058
24.837
8,104
2,700
Jan. 1 to June 30...
184.754
164.431
71.842
48,474
li. Erie All.* South.ltJune
5.672
5.370
778
756
Jan. 1 to June 30...
34.9.58
31.I2J
5.039
4,451
lake.E.&West'n.HJune.
238.455
231.410
84.395
77,8
Jan. 1 to June 3i... 1,153.123 1,438,556
533.856
537,564
Ii*h. A Hud. Ri\-er.1IJune
38.004
33,200
20.528
18,412
Jan. 1 to Juno 30...
SOLO-ia
169,996
81.963
73.108
July 1 to Junt- 3o...
389.616
319,738
150,224
137.331
XouUr. &Na<>liv..1IJune. 1,51-1,467 1,485,'274
6i2,376
556,06'.l
Jan. 1 to June 30... 9,186,354 9,126.847 3,368.516 3,371,79-.'
July 1 to Ju..e.30...19,i2),7;i9 18,816,001 7.162.281
7,426.912
I<oala.N. A.<SECbic.Junc..
241.416
231421
60.139
77.401
Jaq. 1 toJune 30... 1,283,835 1.181.763
25i»,10J
295.932
liOnlsT. N.O. di Tex.Juue.
211.3 lO
185,525
49.585
7.780
Jan. 1 Co June 30... 1.71.5.729 1.-265.927
391,814
163,793
Itoois. St. L & Tex.!: June.
38,213
33,266
19.198
15.000
Jan. 1 to June 30...
213.121
182,269
95,331
77,007
JCem.&Cbarle«ton!iJune
108.036
12'< 367
29,068
21,322
Jan. 1 to June 30...
763.316
86i.'275
18;,0U
208,349
July 1 to June 30... 1,747.430 1,783,729
509,843
563,925
U
—
f}ross Earnings.
\et Earnings. —
1891.
1890.
1891.
1890.
Roads.
$
$
Mexican Central . . June
544,089
439,056
188,375
108,569
Jan. 1 to June 30... 3,387,333 3,203,511 1,217,051 1,061,184
330,750
261,485
Mexican National .June
86.586
48,374
Jan. 1 to June 30... 2,078,505 1,860,139
562,270
366,529
Mil. & Northern
141,008
124,900
51,894
June
18.440
777,330
737,251
273.765
232.865
Jan. 1 to June 30...
July 1 to June 30 . 1,630,442 1,426,942
619,803
494.945
132,240
99,489
18,019
28.322
Minn. & St. Louis.'] June.
745,086
650,565
229,845
177,146
Jan. 1 to June 30...
505.173
July 1 to June 30.
1,605,385 1,807,122
536,220
169.593
131.031
57,893
18,520
Minn.StP.&S.S.M.TiJune
913.966
304,486
252,184
943.683
Jan. 1 to June 30...
530,153
341,167
144,586
223,731
Naah.Chatt.A'St.L.IJuly.
971,102
796,552
Jan. 1 to July 31... 2,398,758 2,050,803
13,194
10,292
688
def. 450
N. Orleans &Gulf.1IJune.
74.155
85,602
3,727
4,963
Jan. 1 to June 30...
.
$
3.507.826
0,137,724
49,301
88,481
367,737
13,000
75,121
3,879
16,290
[Vol. Llil.
.
.
.
804,799
940,938
N.T.L.E.&Western.June. 2,584.494 2,426,790
Jan. 1 to Juno 30... 13,785.924 13.724,377 4.625,9^9 4,579,657
..21.390,722
21,196,411
7,193,805
7,215,096
30.
to
June
Oct. 1
43,223
10,256
8,230
46,241
N.T. & Northern. .UJnne.
36.567
41,164
234,380
262,688
Jan. 1 to June 30...
105,316
571,210
90,417
483,427
July 1 to June 30...
82,8-6
49,902
191,539
272,515
N.Y.Ont. AWest'n.June.
187,076
285,292
Jan. 1 to June 30... 1,382,937 1,034,737
432,401
654,330
July 1 to June 30... 2,809,702 2,200.446
66,517
150.654
69,783
155,373
N.T. Su9 & West'nJune.
291,239
319.761
710,361
752,978
Jan. 1 to June 30...
221,057
224.157
702,797
690,914
Sortolk* Western. .June.
Jan. 1 to June 30... 4,277,940
576,817
Jan. 1 to June 30... 3,175,603
Kortbern Central.. June.
Northern
3,972,474
548,852
3,258,944
1,321,941
135,474
.957,919
Pacmc.May. 1,902,772 1,964,771
May 31... 8,808.099 8,024,733
May 31. ..23,255,713 20,680,099
3,319,041
9,338,393
452.495
1,897,878
4,383,320
1,738,111
Jan. 1 to
July 1 to
390,705
Wiscona'nCeut'l..May.
Jan. 1 to May 31... 1,900,121
July 1 to May 31... 4.819.187
856.174
116,950
022,230
1,220,396
149,337
907,201
798,780
2.999,352
8,874,201
193,419
681,543
1,710,364
992,199
973,124
Tot. both Co.'s.. May. 2,293,477 2,417,266
Jan. 1 to May 31.. .10.708.220 9,922,610 3,911,920 3,680,89.%
11,576,502
10,531,566
31...
25,063,418
May
28,074,900
July 1 to
57,866
83.225
30.5.965
& Mississippi. June. 304.927
501,255
538.483
Jan. 1 to June 30... 1,929.476 1,960.460
July 1 to Juno 30... 4.103.974 4.214,747 1,172,412 1,302,276
27.865
24,312
June.
59,872
38,657
Ohio River
121,788
100,976
301,062
293,398
Jan. 1 to June 30...
5,818
9,003
24,203
18,868
Ohio Valley of Ky.UJune.
77,821
385,229
57,381
326,947
Oregon Imp. Co..1Juue.
230,263
261,888
Jan. 1 to June 30... 1,868,312 2,017,923
June. 5,440,655 3,172,004 1,3.57,556 1,037,085
Pennsylvauia
8,976,2,"il
Jan. 1 to June 30. ..31, 475, 411 31,958,511 9,003,086
Inc.
66,417
Inc. 173,417
Llnesw'atof P.&E.June
Inc. 209,960
Deo. 1 .192.528
Jan. 1 to Juue 30.
18,792
13,236
HJune.
42,847
47,768
Petersburg
112,014
102,770
283,958
233,930
Jan. 1 to June 30...
187,455
193,893
527,644
498,918
July 1 to Juue 30...
143,425
170,103
468,276
447,353
Philadelphia AErie.June.
791,300
831,988
Jan. 1 to June 30... 2,289,337 2,436,136
912,513
869,531
PUla. <tReading...June. 1,820,849 1,867,087
Jan. 1 to .lune 30... 9.914.804 9,661.527 4 253.432 3,888,985
Deo. 1 to June 30... 11,630,916 11.316.470 4,,933,101 4,554,485
32,800
14,133
Coal A Iron Co.... June. 1.663,421 1,602,408
Jan. 1 to June 30... 8,436,820 7.793,003 (If 318,'7>5df. 287,166
Deo. ltoJune30... 10,043, 197 9,167,599 rtf 303,868 df .315,653
945,318
833,664
Total both Co.'s. .June. 3,481,270 3,469,491
931,717 3.601.818
Jan. 1 10 June 30.. 18,381,626 17,454,530
614,233 4,238,832
Dec. 1 to June 30. 21,674,113 20,484.068
Inc. 32,965
Inc. 16.342
Pitts. C. O. & St. L..T[July
Dec. 538,303
Inc. 22,376
Jan. 1 to July 31...
524
155
Chio.UJune.
Mar
&
3,804
3,172
Pitts.
1,701
20,870
2,179
Jan. 1 to May 31...
18,175
9,999
27,612
Pitt8.8hen.&L.E...June.
23,383
11,.597,
45,322^
50,389
133.133
124,344
Jan. 1 to June 30...
June.
57,281
<&
West.
136,047
Ti
126,100
10,088
Pittsburg
315,221
678.437
703,139
177,462
Jan. 1 to June 30...
6,252
46.939
4,637
Pitts. Clev &Tol.11June
39,865
44.538
1
to
June
30...
210.110
234,010
2,096
Jan.
8,686
Paiues.,feF.1IJuue
35,491
29,125
3,227
Pitts.
32,938
135,523
Jan. 1 to June 30...
133,671
2,008
72,219
218,497
195,090
24,003
Total system.. .Tjjune.
392,896
181,5->8
Jan. 1 to Juue 30... 1,021,092 1,075,322
44,008
&A.1[July.
180,808
108,3*4
129,120
Pitts. Youngs.
295,256
600,238
809,033
230,324
Jan. 1 to July 31....
7,374
13,925
12.337
9,174
Presc't & Ariz.Cent.Juue.
Juue
30...
37,676
Jan. 1 to
53,186
21,140
59,918
5,768
Quln.Omaha-iK.C. HJune
20.508
20,500
6,131
28,871
122,738
Jan. 1 to Juue 30...
114,906
36,785
283,73T
Rich. & Danv. Sys-TIJuly. 1,106,726
993,419
344,018
6,922
29,457
1,075
Rioh. & Petersb'g.HJune.
31,531
58,777
Jan. 1 to June 30...
168,848
176,377
21,186
100,948
July 1 to Juue 30...
325,268
325,305
73,877
Rio GrandeSouthn.May.
22,345
13,763
221,704
35,263
Rio Grande West'n. June.
156,183
81,107
179,443
Jan. 1 to June 301,146,476
786,444
385,342
516.717
Jnlj 1 lo June 30 .. 2,346,131 1,622,234
896,052
1,012
Sag.Tus. & nuron.lIJune.
8,320
8.301
1,916
Jan. 1 to June 30...
5,289
43.203
41.205
11,103
3t.L.A.&r. H.bchs .May.
37,813
106.063
101,774
40,^08
Jan. 1 to May 31...
552,326
205,747
484,865
212,264
3t. Paul &DHUith.1l June.
167,925
28.428
111,133
69,877
Jan. 1 to June 30...
160.377
743,136
620,120
248,137
July 1 to Juue 30... 1,621,939 1,410,527
438,292
600.458
28,397
3an Fran. &N. Pao. July.
84.544
77,980
37.094
Jan. 1 to July 31...
95,713
449,793
409,972
141,803
10,125
iav. Am. * Mont. .June.
35,974
26,626
13,310
61.497
Jan. 1 to Juue 30...
231,887
141,010
87,140
111,643
July 1 to Juue 30...
491,499
240,261
209,':03
May.
5,897
Sllverton
13,130
9,896
6,878
Jan. 1 to May 31....
28,189
22,438
BionxCityA Nor..TIJune.
7.384
33,444
22.283
12.123
Jan. 1 to Juue|30....
212,150
!.
87,307
Ohio
. .
.
.
. .
ADOU8T
THE CHRONICLE.
23, IHUl.J
Onai Eamtngii
,
180L
«
Boutb Ciirolliin.
. .
.
,
.
07,406
n-Tiine.
H1M,8.'^2
Jau, 1 to Jiiiiv 30...
JulT 1 to J.ineSO... 1 •39,159
—
-,Vf<
Harninat.- —
1800.
1891.
1800.
«
S
S
81,724
603.312
I,420,7e2
24,061
21.91(1
225,149
579,397
253,529
450,127
255
—
Interest Changes and Harping.
The folIowinK roadH, ia
addition to their gross and net eaminvs given tCbove, also
report charKoa for interest, &c,, with the surpliia or deficit
above or below those cliarges.
—Inter"!, rethlah,
Boutberu PaclUr (^o.—
337,215
Ool. Hm-.,VH. Aiit.Jiine.
Jan. 1 UiJiiiio HO... 2 023,870
liOulHlaiin West'n.Jiiiie.
Jan. 1 to Jiiuit 30...
41U,!*7a
MorKau's
371,042
Jan.
1
I
T. Jiiiio.
to Jiiur 311 ..
L<v. ^b
L
303,304
1,948,047
87,666
74,736
2, ,VJ3,112
538,445
417,117
2,526,773
15,448
83,581
18,731
H. Y. Tex.AMex.Juiie.
86,426
Jau. 1 to June 30...
14<1.425
123,705
Tei.ik Now Orl'ua.Juae.
882,132
740.415
Jan. I to June JO...
063.960
032,626
Tot. Atlnntio Rys. June.
Jan. 1 to Jiiue 30... 5 ,033,896 5,97f,978
Paotflo system. ..Juno. 3,,119,354 2,931,782
Jan. 1 to June 30... 16 .677,636 15,587,586
June. 4,,0.51,980 3,895,742
TotalotaU
Jan. 1 to June 30... 22 ,011,532 21,594,710
210,405
208,615
Coast Dl vision.. H Juno.
999.867
909,865
Jan. 1 to June .»0...
515,210
508.714
Boutb'n Division.*! June
Jan. 1 to June SO... 3,042,017 3,022,073
157,311
154,471
Arizona Olvlslon.lTJune
967,187 1,012,130
Jan. 1 to Juno 30...
New Mexico
Dlv.lf June
82,898
511,314
Jau. 1 tu June 30...
77.630
532,003
68,094
348,800
1<>,C80
314.101
39,228
278,583
113,710
715,618
12,300
130,497
41,457
543,315
6,585 def. 1,521
def.2,165 def.24,471
54,650
38.489
277,779
364,039
180,179
229,591
1,281,668 1,647,868
1,378,098 1.124,690
6,473,188 4,462.490
1,358,277 1,354.281
7,754.856 6,111.157
111,466
98.878
419.269
396,.303
188,879
1,023.096
47.678
153,233
810.665
52.247
347.893
29.403
216,939
272,4:^9
36,940
226,831
47,851
57,216
117,148
116,760
I. Rapid Tr.. June
422,832
104,400
109,243
448,102
Jan. 1 to June 30...
331,281
295,981
944,419
July 1 to June 30... 1,030,484
def.356
<lef.95i1
5.492
4,658
Stony Clove & C. M.TI June
12,830 def.3,221 def. 4,985
13.076
Jan. 1 to Juue 30...
1,692 def. 2,301
103,356
Bumiutt Blanch
June.
107,995
42,104 def.44,U40
463.436
616,561
Jan. 1 to June 30.
2,720
3,748
100,333
Lykens V,^lley...June.
91,877
461,506 def. 4,570 def. 5.978
464.661
Jau. i to June 30...
4,412
1.447
203,909
both
199,872
Total
Go's. .June.
924.940
37,529 def. 50,022
Jan. I'o June30... 1,081,220
46,400
45,300
Tenn.Coal&Ir'nCo.llJuly
Sli.SOO
36i,000
Jau. 1 to July 31...
25,-83
26,407
93,295
84,735
Tol. A. A. & N. M. ...May.
159.997
163,241
473,539
420,095
Jan. I to May 31...
10,264
9.723
24,568
27.368
Toledo Col. &Cln.TIJune.
7ll,6l!8
61,232
151,154
163,771
Jan. 1 to June 30...
294,320
119.203
142,583
324,677
July 1 to June 30...
36.192
56,932
135,935
119.988
Toledo* O. Cent.. 11 June.
217,094
270,912
661,505
658,946
Jan. 1 to June 30...
501,989
579,113
July 1 to June 30... 1,501,823 1,388,749
72,485
17,885
17,352
73.596
Tol.Peorta & West. 11 June
1118,631
447,204
109,493
438,976
Jan. 1 to June 30...
244,114
227,635
938,829
July 1 to June 30.
928,996
33,398
7.333
9,418
36,016
Ulster & Delaware 1;. June
46,452
47.792
158,174
151,783
Jan. 1 to June 30...
360,069
139,885
138,352
July 1 to Juuo 30...
376,144
8tat«n
.
.
XTnlon Paciflc—
280.424
662,395
671,512
Oreg. 8. L.& V. N.1[June
Jan. 1 to June 30... 3 ,702,180 3, ,.t)23,560 1,404,108
122.860
438,734
Ore. Ky. & N. Co.liJune.
438,651
718,521
Jan. 1 to June 30.
2 ,571,133 1 ,866,365
523,543
89,491
Un.Pac.D.Ji Gulf.ltJune
462,600
463,059
Jau. 1 to Juue 30... 2 ,471,566 2 ,638,647
123.991
3,775
Bt. Jos. &C)d. I8l llJune
62.880
741,104
57,638
Jan. 1 to June 30..
365,732
630.917
All other lines .HJune. 1 .821,260 2, 016,083
Jan. 1 to Juue 30.. 9, 802,193 11, ,132,073 3,123,417
Total System
June. 3, 447,786 3, 793.~62 1,127,466
Jan. 1 to June 30.. 18 915,803 19, ,901,751 5,766,773
Cent. lir.<& Leas. L. IT June
51,123
73,603
918
584,122
Jan. 1 to June 30..
306,985
4,804
Total controlled HJune. 3 ,498,909 3 ,867,465 1.128.384
Jan 1 to June 30.. 19, 222,790 20, 483,87a 5,771,577
.
.
Montana Union. .llJune.
Jan 1 to June 30..
Laar.Top. &8.W.1IJune.
Jau.
1
Juue 30..
to
Man.Alma,h Bur.HJune.
Jan. 1 to June 30..
Beads Jolutlyowued—
One-half
HJune.
Jau. 1 to June 30...
Grand total
fjune.
Jau.
1
to
79,980
6,643
428,343
47.565
2.247 def.4,376
14,824 def. 17,343
2,999 def. 2,391
16,960 def. 6,533
46,070
394,877
2,476
14,431
3,118
19,820
42,613
230,063
25,832
214,573
3,,524,741
3,,910,077
June 30. .19 437,364
20,,715,935
Wabash
June.
1 ,030,387
976,984
Jan. 1 to June 30... 6, 046,992 6 ,080,181
July 1 to Juue 30. -.13 ,031,371 13 352,872
Wash'gt'n So'th'nU.June.
25,762
26,066
Jan. 1 to Juue 30..
146,903
140,323
West Jersey
124,962
HJune.
131,083
Jan. 1 to June 30...
628,620
615,608
West. N.Y.&Penn. Juue.
304,024
304,112
Jan. 1 to June 30... 1,,676,014 1 ,701,846
July 1 to June 30... 3,,562,968 31,641,036
W.Va.Cent.*
Jau.
Wlieel.
&
Pitts. June.
Juue 30...
L;ike Erie. May.
1
to
Jiin. 1 to .Mav 31...
July 1 to May 31...
Whllebr'st Fuel Co;. June.
Jan. 1 to June 30...
July 1 to June 30...
WriKhts.A Tenu'le 1'Jnne
Jan.
July
II
1
1
to
to
June 30.
June 30.
92,323
547,443
104,097
493,111
1 ,105.294
8,038
46,336
96,202
78.678
423,580
98,214
450.432
940,560
3,725
41.203
86,046
268.895
1,129,982
218,801
71,190
167,049
769,371
55,338
300,961
806,422
3,627,072
1,516,705
5,8J8,376
6,183
187,910
1,522,888
6,086,486
26,590
def. 44,491
def.5,085
def. 19,087
def. 3,075
def. 6,525
9,215
def.62
11,844 def. 35,052
1,128,322 1,532,103
5,783,421 6,051,435
250.027
178,053
l,44-,200 1.391,136
3,466,246 3,679,655
2,148
1.578
2,482
36,192
33,206
38,794
131,657
163,676
83,808
77,483
452,251
549,2 r.j
998,466
1,069,942
29.360
29,825
180,115
143,870
39,828
43,182
179,690
185,082
376,733
432.000
12,280
def. 1 ,926
83.113
44,393
150.3i)5
126,721
1.719
4,464
16,(;-2
19.484
33,T4;i
32,984
toad*.
Omnd Rapid* AInd.June.
Jan. 1 to June 30...
Total system. ..June.
Jau. 1 to Juue 30...
f
;
lime in this issue.
syjtoui. includiuK Iowa lines.
Flttures for July lnolud« Wcsteri & Atlantic.
Mines
idle in
May and Juue account
of
••
eight-hour strike."
of Ntt
1801.
Eamt.^
1800.
$
69,087 def.32.7ll
414,525 df.l72,24l
86,707 def.38,855
520,370 df. 185, 163
36,000
10,400
251,000
109,000
•
1.119
der.»,180
9,S6T
3,297
9,.30O
261.800
Albany Railroad.
ft
the year
ending June
30,
1891.^
The report of this railroad is the first of thfi Eastern trunk
The relines to come out for the year ending June 30, 1891.
port says: "The passenger and miscellaneous receipts show
an increase of revenue. There is a slight decrease of income
in tlie freight receipts with an increa.se of tons carried but a
decrease of tons moved one mile. * * In view of the rapidly
increasing weight of the rolling-stock, the directors deem it
wise to change the section of rail, and they have therefore
determined to lay a 9.5-pound steel rail instead of a 72-pound,
which has heretofore been the standard, and have purchased
and paid for 10.000 tons, the cost of which has been charged
into the expenses of the year just closed, though all the
Considerable work has been done
rails are not in the track.
under the legislative act "to promote the abolition of grade
At a cost of S250,0OO
crossings," and much more is projected.
ten grade crossings have been separated during the year, and
*
*
sixteen are in process of construction."
" The stockholders at the annual meeting September 24,
1890, voted to authorize an issue of five millions of stock, under
authority of an act of the Legislature, Chap. 163, of the year
1889 and the directors at a meeting held September 29, 1890,
prescribed the time and conditions for caiTying into efifect the
vote of the shaieholders. The issue of stock is to be made on
Jani ary 5, 1-98, and the shareholders in anticipation of such
issue have paid into the treasury $527,320. The improvement
and Ware River funds have received during the past year
$103,590. dividends and interest from secu iiies held by the
trustees, and they now stand charged with $1 ,662.698."
The operations, earnings, &c.. for three years were as belovr
given, compiled for the Chronicle
;
:
OPERATIONS AND FISCAL RBgULTS.
Operations—
Passengers carried
Passenger mileage
Earnings
Passengers
Fieight
—
Mall, express,
1888-89.
1889-90.
11,1.36,111
11.295,617
201,12H,880
3,883.115
402,241,138
194,67 '>,587
3,859,516
423,276,433
Freight (tons carried)
Fr-ight tons mileage)
&c
9,012,325
'r
—
Geneial
3,768,860
4,446,386
933,623
f
J
I
[
5,975,607
I
f
Total (Inc-l. taxes)
Net earnings
J
3,036,718
1990-91.
11,688,069
211.852,182
3.913,873
401,099,271
$
$
$
1
Total gross earnings....
Operating expenses
MHint. of way. &c
Maiut. of equiiHuent
Transportation expenses.
3.883,452
4,373.988
958,781
9,151,069
9,216,222
1,162.471
1,218,837
3,722.S62
172.607
1,.565,151
6,276,777
2,874,292
6,807,761
2,408,471
1,189,433
3,876,126
177,041
INCOME ACCOUNT.
1888-89.
Netearnings
1889-90.
1890-91.
3,036,718
2,874,292
2,408,471
Jihsb ursements
Rentals paid
Interest on debt
Diyidends (8 p. c.)
78,000
662,900
1,600,000
78,000
662.900
1,600,000
78,000
662.900
1.600,000
Total disbursements
Balance, surplus
2,340,900
693,818
2,340.900
533,392
2,340,900'
—
BALANCE SHEET JCNE
1891.
$
Due from companies and
Trustets'
67,571
30.
1890.
AskU—
Cost of road and equipment
Hudson River bridges
Other permanent iuvcstmeuts
B. & A. 7 per cent bonds
Materials and supplies
individuals
improvement f uud
Cath
Total assets
27,514.117
475,485
1,820,051
943,987
27.514,118
475,485
1,913,70*
305.611
466,566
765,164
1,662,699
638,909
33,052,976
33,742,235
20,000,000
20,000,000
527,320
10,858,000
325,063
415,164
1,559. 109
Xia6t7(7/e«—
Stock
common
Payments on January, 1892, stock
Funded debt
Loans and bills payable
Interest and rentals due and accrued
UnclainuMl <livldends and interest
Ledger lialaiucs
Improvcnicut fund
Sinking fund and miscellaneous
paragraph mark *dd«d after the name of a road indicates that
Hnurcs for that road have not previously been given, but appear
Whole
9
466,569
95,634
570,773
36,000
252,000
Boston
(For
Total UabUities
tne
iiT the llrst
*
S
Sal.
ANNUAL REPORTS.
I'roHtand loss
A
1800.
78..504
Tenn.Coal dtTu Co. July.
Jau. 1 to July 31...
ite.-..
1891.
10,858,000
195,558
402,758
"'i9.V,558
•32.597
401,809
259,200
1.278.010
122.18S
100,168
33,052,976
33.742,255
267,4.54
1,180,106
116,500
deduct for stock
The surplus June 30, 1890, was •! ,044,405
bought from Massachusetts and distributed to stockholders $1,044,406 Daluuce, ti'32,597,
*
:
;
:
...
t
.
:
THE CHRONICLE.
256
.
>
.
rvoL. Lin.
COLOBADO Fbel Co.— $750,000
GENERAL INVESTMENT NEWS.
8 per cent cumulatlTe preferred stock
Details will be found In our advertising columns.
Kt.— $150,000 street improvement bonds liave been auth-
is offered at par.
CovmoTOH,
orized.
Improve- DuLPTH, Miss.— $800,000 bonds for water works have been authorAlabama Midland.— The Alabama Terminal
ized.
Investment Company have East
Plant
the
and
Company
Phovidence, B. I.— $10,000 5 per cent ten-year bonds are
ment
of
SttledtheiJdiflerence8,andtheapplicataon on the par
Alabama Midland will be
the former for a receiver for the
per cent interest
withdrawn. The Terminal's guarantee of 6
be carried out after
Tn the bonds until November. 1892. willand
the g"a;a^t^« °'
which the bonds will carry 5 per cent
Florida & Western.
principal and interest by the Savannah
have been called for
Called Bonds.-The following bonds
offered.
HoLTOKE, Mass.—$85,000 4 per cent toDds, due 1911. Bids
payment
Chicago
per
& Wbstern Indiana Railroad 1st mortgageby6 the
be redeemed,
cent bonds of 1879, due Nov. 1, 1919, to
at the office of
operation of the sinking fund, on Nov 1 P^xt
fifty bonds
jfesrs. Dreiel, Morgan & Co., New York, at 105,
of f 1,000 each, viz.:
»r„. Ti an I'JQ 1QB 221 ^ta 369 430.475,1347,1351,1366,1396,
rtc^':iiii,Vitiiii,i7-d^is^^^^^^
i^Sj V.%
147^'
2445,2470,
a013 2046 2049 2133. 2147, 2209. 228S, 4354, 2393, 315i, 3175,
2508 2520, 2532, 2634, 2625, 2701, 2809, 3040, 3111.
New York Stock Exchange—New Secnrities Listed.—The
Committee on Stock List of the New York Stock Exchange,
acting under authority from the Governing Committee, bai
ordered the following securities to be placed upon the list
N. Y. Ontario A Western.- $550,000 additional Ist mortgage 6 per
making total to date $4,< 00,000.
Colorado Midland HR.— $2,061,000 additi nal consolidated mortgage 4 per cent 50-year gold bonds, making total listed $4,007,000.
Bailroads in Mas«achu»etta.— The results for the quarter
and year ending June 30, 1890 and 1891, were as below
given, compiled from the reports made to the Massachusetts
cent gold bonds,
first mortgage 6 per cent bonds, dated
1931, to be paid at 105 on Sept. 1, 1891, at
28
the office of the Central Trust Company, New York City,
bonds of $1,000 each, viz.:
No8 55 86 183. 237. 269, 303, 311, 317, 539, 718, 794, 822. 842,
961 ioU. 1022, l636, 1079, 1166, 1186, I27i, 1315, 1415, 148S, 1494,
1630.1650. 1901.
Henderson Bridge
due Sept.
till
another column.
Mai.vkkn, Neb.— $7,000 water works bonds will be Issued.
MoNTGOMEBT CO., Cal.— $'20,000 school 7 per cent ten-year bonds are
offered by v. Hartnell. County Treasurer, Salinas City, Cal.
Nbwton, Bi;ckb Co., Pens.— $16,400 road bonds are authorized.
Oakund, Cal.— $400,000 park bonds are authorized.
Olympia, Wash.- $200,000 public improvement bonds are offered.
32281 3262, 3279, 3290.
1881,
will bo
August 25 by D. L. Farr. City Treasurer.
LlKDELL Hailwat CoiiFiNT (ST. Lonis).—$l ,500.000 5 per cent
twenty-year gold bonds, due 1911, are offpred by Mes.sr8. Wbitaker
4 Hodnman, St. Louis. For particulars see advertisement in
received
1,
Canton rompany (Bait.)—The President gives notice that
in the purchase of this com-
$100,000 will be expended
pany's stock.
Cleveland & Canton.— The earnings for June complete a
good fiscal year. Comparative figures follow
Railroad Commissioners
:
fitchburo.
^Qiuir. *nd'tl June 30.—. ^Tear ending June 30.—
1889-90.
1890-91.
1891.
1890.
$1,563,058 $1,668,560 $6,570,070 $6,819,264
earnings
Gross
4,917,937
1,229,012
4,592,786
1,144,077
Operating expenses
Net earn tags.
Other income
$418,981
11,652
$439,548 $1,977,284 $1,901,727
29,349
31,740
12,507
Total
Charges..
$430,633
317,541
$452,055 $2,006,633 $1,933,467
1,380,190
1,324,513
366,415
:
Qroas
^^868..:;::..--.
Ifet
1890-9 J.
$648,679
415,029
Inc.
$233,650
Inc.
$149,176
95,545
mo.
t
$602,120
$85,640
$113,092
Surplus
$53,631
$553,277
Includes Cheshire Railroad.
The company is reported as having a heavy freight moveKKW LOKDOH northern.
ment, including a large coal traffic.
^Quar. ending June 30.— ^Tear endtng June 30.—.
1890-91.
1889-90.
1891.
1890.
Central Iowa.— The annual meeting of stockholders of this
ei38,284
$599,204
$598,383
$140,527
company will be held in Chicago on September 4. The report Grosseamlngs
421,544
406,136
105,277
113,349
Operating expenses.
to be submitted at the meeting covering the operations of the
$177,660
$192,247
$35,250
$19,935
Net earnings.
road for the fiscal year ended June 30, 1891, has been pre9,837
2,715
9,887
2,285
pared, and an abstract will be published in the Chronicle as Other income
soon as it is issued, which will show the following details:
$167,497
$202,134
$37,965
$22,220
Total
218,111
214,283
55,724
53,751
Gross earnings, $1,699,742, an increase as compared with the Charges.
previous year of $110,779; operating expenses, $1,333,380, an
$30,614
$12,149
$31,531
$17,759
Surplus
net earnings, $476,361, an increase of
increase of $63,183
Railroads in New York State.— The results for the quarter
The total tonnage during the year was 1,131,239,
$47,595.
as below given,
against 1,042,195 for the previous year and 886,688 for 1889. and year ending June 30, 1890 and 1891, were
The strike of the coal miners in Iowa caused a decrease in compiled from the reports made to the State Railroad Comtonnage during the months of May and June of about 60,000 missioners
new TOHK ONTARIO & WBSTEBy.
tons.
,— Tear end'gJune30.
-Quar. ending June 30.Moines
Northwestern. This narrow-gauge road
;
:
—
—
Des
&
running from Dps Moines to IFonda and the Des Moines & Gross earnings
Northern running from Des Moines to Boone have been con- Operating expenses.
solidated.
Under the new deal the road will be known as the
Ket earnings
Des Moines Northern & Western Railway, and the company Other
income
is capitalized at $6,500,000.
The new officers will be F. B.
Hubbell, President; L. M. Martin, General Manager; F. C.
Hubbell, Vice-President and Superintendent.
The line to
Fonda will be broadened to standard gauge within the next
sixty days.
Hudson River Tunnel.—The New York Sun reports "A
month ago work on the Hudson River Tunnel was suspended
on account of lack of money. Those at the head of the con:
cern are confident, however, that the $650,000 necessary for
the completion of the work will soon be raised. Tue reports
of danger to the tunnel from cracks in the iron work, pressure
from without or within, its tendency to sink, and the iron
work rusting, are very much exaggerated. Superintendent
Moir says the cracks in the iron part of the Tunnel have been
declared by Sir Benjamin Baker, whom he characterizes as
perhaps the greatest engineer now living, to be of little or no
importance. Mr. Moir is confident that work on the Tunnel
will •oon be renewed."
Kansas City Bridge & Terminal Co.— Judge Phillips of the
United States District Court in Kansas City last week appointed
W. B. Withers and Walton H. Holmes joint receivers for the
Kansas City Bridge & Terminal Co. and the Chicago Kansas
City & Texas RR. Co. The receivers were appointed on
application of the Central Trust Co. of New York, trustees
for the first mortgage bondholders. These two enterprises
were floated by W. E. Winner, who failed recently.
Lonisville & Nashville.— The preliminary statement for
the year ending June 30, 1891, was published in the Chronicle of July 11, on page 58. The complete figures for the
year are now made up, and show a surplus over all charges
^nd dividends of $656,226, instead of $482,340, as first published
This is a handsome increase of $173,886, showing that the first
estimates were very conservative.
New Bonds and
ing
is
a
list
of
new
•oon to be offered
Stocks Authorized or Offered.—The followissues of securities
now offered
for sale or
:
Total income
& taxes.
Int., rentals
Surplus
1890-91.
1889-90.
$2,1!00,445 $2,809,702
1,684,478 2,055,644
1890.
1891.
$556,393
407,019
$740,904
531,482
$149,374
$209,422
18,750
$515,967
$754,058
75,000
$149,374
105,626
$228,172
189,869
$515,967
369,525
$829,058
728,618
$43,748
$38,303
$146,442
$100,440
OGDBN8BCHO & LAKE CHAMPLilN AND 8ABAT00A & ST. LAWRBNCB.
^Quar. ending June 30.-. .—Tear ending June 30.^
Gross earnings
Operating expenses
. .
1891.
$191,681
154,3^3
$771,954
546,849
$S00,180
586,499
$37,358
876
$224,105
$213,681
Net earnings
Otherincome
$37,600
4,849
Total
Int., rentals
$42,449
63,570
*
taxes..
3
$250,276
262,409
$38,234
66,358
^r^P^ciS^nf ^"om'ptrol!e"r.
$220,861
263,890
Det.$21,l21 Def.$28,124 Def.$12,133Det.$42,829
Balance..
BROOKLYN ELEVATED.
>—Quar. end'g June 30.—,
1890.
1891.
Gross earnings
Operating expenses.
Net earnings..
..
$436,271
246,699
$460,768
251,298
$1,566,277
924,579
$1,746,507
9S9,87t
$189,572
$209,470
$641,698
1,657
2,895
8,211
$756,638
1 2,70t
$191,229
150,004
$212,365
159,897
$649,909
553,967
$769,337
625,57»
$95,942
$41,225
$52,468
KINGS COUNTY ELEVATED.
$143,758
Other Income
Total
Int, taxes
&
rentals
Balance
—Tear end'g June 30—
1890-91.^
1889-90.
—Tearettd.—.
^Quar. ending JnneSO.—
Gross earnings
Operating expenses
Netearnlngs
Other income
Total
Interest, rentals
4 taxes
1890.
1891.
JtnieSO,
1890-91.
$191,468
146,135
$218,917
142. 68L
$811,069
566,24S
$48,333
86
$76,236
88
$244,887
$49,419
45,977
$76,324
50,499
$25,825
negotiation of a
Co. for
>ri;an
loan this week through Messrs. Drexel,
$300,000 for a subsidiary company (the Central of Georgia),
was wrongly reported to have been a loan to tha R. T. Ca).
Surplus
$2,442
M
^^^^
7,180
26,171
Richmond t West Point Terminal.-The
^'"^ ""' "^ '-«'-'' '"'
1890-91.
889-90.
1890.
$200,447
162,847
&
-
:
Adodst
THE CIIKONICLE
03. 1891.1
257
The latter say the cash in the treasury is sufficient the company. The plan adopted provides that the floating
meet all requirements. The interest on the collateral lives debt shall l>e exchanged for three-year 6 per cent notes
The floating debt thus to b«
due Scnteniher 1 is advertised to be paid at the Fourth secured by collateral.
provided for amounts to about flO.OUO.OOl), and the
National Bank.
holders of more than half of it have assented to the plan of
Savannah Americus ft Montgomery.— A comparative extension. To put the plan into operation a committee of Ave
AiiuTiSavannah
tlie
of
expenses
and
statement of earnini;*
was appointed, representing this company and its creicus & Montgomery Railway Company for fiscal years eiiilin>; itors.
The members of this committee are J. Pierpont
Railroad
the
Comto
company
the
by
as
furnished
June 80,
Morgan; John A.Stewart, President of the.U.iited States Trust
follows
is
as
Georgia,
mission of
Edward King, Preiident of' tho Uaio.-! Trust
Uom|)any
Inerease.
1990-91.
1889-00.
Company Alexander E, Orr, and Freilerick L. Ames.
81
8
S
per cent notes, which are to be used
2.50.113 The new three-year
490.381
440,2110
OrOMcarnlnm
154.3U1 to retire the floating dent, will be Issued at Qi'A par cent, and
282.919
128.1117
Exi)€u"«» .::...!!.!
will be secured by collateral deposited with Drexet, Morgan
95,821
207,465
m,643
NitearnlDKS
& Co. The nominal value of these bonds is placed at about
810,000,000, and it is said that a conservative estimate would
The company makes the following statement
make them worth $33,000,000, while the amou it of notes to
Mileairo lu operation ilurlug lS8!t-'.10. I^iivolo to Helena, G«., i:t5.
be is.=!ued thereon is limited to $31,000,000, of which only
Milt-nire In operation durlnit 1890-91, Louvnlo to LionH, (}»., 17S.
Preeent mllouKu In operatlou. Onmlm (Clmttaliooclico Klver), t<> Lyons. about $30,000,000 will be used for the present purpose of tak190. Track Is now laid into .NJontKoniery. anil in a tow weeks tlie line
ing up the floating debt of some $19,000,000. Again Mr. J. P.
will be completed. Kiratmortgaije »ix per eenttlilrty-year gold bonds iiro
which hung over Wall
issued at rate of *!'_' OOO |«>r mile of completed road. Interest chiirgea Morgan steps in to avert a disaster
on portion now operated, per •uoutli. «1 ,4i)0. Net carnluKs for lite il Street.
when
entire
Hue
interest
cliarges
year 1890-91, i(i207,4G5 02. Monthly
The Daili/ Bulletin remarks: "On December 31, 1890, the
u oompletod to Montgomery, Ala., 1^10,200.
company had in par value $34,737,000 bonds and $4?,683,399
Texas Paclllc and Texas Railroads.— Texas contains a stocks in the treasury, costing $43,177,336. The stock convast territory, capable of iinmonse development. There is sisted chiefly of Oregon Short Line, $14,999,903 at par value,
probably no "State in the Uaiou— possibly no country iu the and of Union Pacific Denver & Gulf, $13,350,847, which carworld— where the building of railroads has done so much (or riecl the control of those companies. These are now placed
the territory traversed by them, nor where the buildiu^ of against the new 6 per cent notes. In bonds the main assets
additional railroad mileage is more necessary for the further
were $7,137,000 Union Pacific Denver & Gulf, $4,631,000
development of agricultural lands, than in the State of Tex;is. Oregon Short Line & Utah Northern collateral trust 5s,
inearning
per
cent
6
Scarcely a railroad in the State is
and $1,811,000 Oregon Short Line & Utah Northern consol. 58."
terest on the absolute cost of its road and equipment on a
•We understand that the foregoing is substantially correct,
of
intercontracts
a
rate
private
true "hard-pan" basis. On
except that the total of bonds is about $40,000,000, as already
cent,
anything
12
per
as
as
hinh
est is allowed in Texas
stated. The notes are practically secured by stocks and bondi
is safe to
say representing properties vital to the Union Pacific system.
It
above that rate being held usurious.
will
lend
in
Texas
capitalist
farmer
or
that no rich
Wabash.—At the meeting of debenture and share holder*
his money for any length of time at lower rates than
7 to 10 per cent, for the simple reason that he can do held in London, as mentioned in last week's Chronicle, Mr.
better with it, and make more out of it. If these state- Joy, who went over to represent Wabash interests, made an
ments are approximately correct, what can be said of a policy address. He said those present would realize how important
carried on against the railroads which reduces their rates so the directors considered the building of this extension from
low that they cannot possibly earn a fair interest on their cost; the fact that this was the second time they had sent a delegawhat of the honest dealing which invites capitalists in New tion to England to place the matter before the debenture and
York and London to invest their money in building railroads share holders. The board considered this the most important
in Texas, and then turns around and legislates them into single thing that could be done to add to the value of the
bankruptcy ? If there was a shadow of truth in the charge Wabash Road.
He might state that the earnings of the Chicago & GrancTi
that railroads were making too much money; if they were doclaring large dividends, or any dividends, the case might be Trunk from Chicago to Port Huron were last year between
That was
different; but as it is, the attitude of the State legislators $3,000,000 and $3,000,000, or nearly $1,000,000 net.
toward the railroads that have done everything to create a a road a little longer than their proposed extension. He did
State out of a wilderness, amounts to a persecution carried on not say that they could expect to earn $1,000,000 at once beagainst one class of property tliat is calculated to be quite tween Chicago and Detroit, but he would be greatly surprised
prohibitory of all further investments within the boundaries if they did not do so in four or five years. If they did that
they would be able to pay dividends at once on the debentureof Texas.
Pertinent to this subject are the following extracts from a bonds.
Pacific
Lovett,
counsel
for
the
Texas
&
The road to be built to connect their line with the Chicago
letter written by R. S.
Railway Co., to the Texas Railroad Commission
& Western Indiana road was 150 miles long, through a fertile
"The annual statement of the company shows that the amoniit actu- level country, and a large local business would grow up
The
ally paid as a return upon the money invested in the 1,499 miles of expenditure of $3,000,000 or $3,500,000, if they put in
somerailway for 1590 is tl,279,J90. This is the entire amount rsalizeil by thing for rolling stock, would
mean an interest-bearing bond
the owners. Some of the bonds upon which it was paid draw 5 per
At present they were
cent, while others draw 6 per cent, as before stated (which for railway amounting to $175,000 per annum.
Investment in an undeveloped country as is Texas, I sul)mlt, is very paying $150,000 per annum to run over another company's
low). Taking now, first, the said sum of $1 ,279,490. it is seen that it road
also
share
expenses
and
a
of
to maintain that road, and
is equivalent to 5 per ecnt interest on a principal of $2.5, 038, 800.
Divide this capital by the number of miles of railway operated they were not able in any way to manage or control the road.
— 1.499— and it represents 5 per cent interest on an in vestment of If they constructed the proposed extension they would be
$17,071 iior mile. Taking now the said sura of $1,279,490 and it is connected with the most important city in the West, through
equivalent to 6 percent Interest on a principal of $21,324,833. Divide
which all the cattle, all the grain and produce of all kinds
this capital by the number of miles of railway operated, and it repreofficialB.
to
:
;
;
-
1
:
sents 6 per cent on an investment of $14.22(i per mile. That the Texas
& I'acitic Railway, taken as a whole, represents an actual invcatmeut
of cash of more thiin double this amouct, will not. I take it. be doubteil
by those familiar with tlie property. I will not present any further argument to show that the company cannot stand any reduction of revenue. I will merely add that in tlie rea(yustment of the company's
finances in 1888. whereby the rate of interest it wiis required to pay
was very greatly reduced, the company executed tlie sccoud general mortgage before referred to to secure the 5 psr cone inconii'
bonds then issued. The company has since been unat)Ie to
earn more than enough to pay interest on the school fund loan,
the Eastern Uivlsinn bonds and the first general mortgage bonds, and
has therefore been unable to p.iy any interest on these second mortgage
Income bonds. By the ternn of these bonds, if the company does not
earn enough to l)ogiu the payment of interest on these bonds in 1802.
the bondholders shall have the right to take possession of the property
through trustees, and operate it themselves. It will be .seen, therefore,
that the conip.iny not only cannot stand any reduction of revenue, but
must increase its net earnings in order to retain possession and control
of its property. It has been the hope that by applying the 8urplii>
earnings to tlie permanent bcLt'.-rm ntof the property the company
would bo able by 1892 to meet tlie obligations of its second mortgage
bonds. But while the interest it has so far beou paving is remarkably
low iu view of the capital invested, still the small business and
low rates have made the earuings bat little in excess of the amouni
required for thit purpose, and therefore the company has been
unable to make the betterments to the extent expected, and it lias no
reason to hope for any very substantial reductiim in the cost of operation within the imnie 11 ite future. I beg to call your attention csjiei
ially to the fact that if the permanent betterments over and above
operating expenses had been paid for out of last year's earnings, there
would not have remained enough to pay the interest wliich was paid,
the differeuce beinu derived from the balance remaining from IS'^i).
Tlie net earnings from oiier.ition fcjr Hilii .amount to $1.4t)7.005. From
this deduct tile amount paid out for betterments during the year, ovei
and above operating oxiieuses which was 7j'98 i)t;r cent of the gross
e linings), $:i9.'),7oJ, and the balance, wliich according to some aeeouutiug should be treated as net earnings. Is .^1,071, 241, which is
$208,248 less than the amount ($1,279,190) paid as interest."
—
The Atlantic Trust Co. of New York and Messrs. Geo. H.
Prentiss
Co. of New York and Brooklyn offer at par for
subscription $750,000 8 per cent cumulative preferred stock of
the Colorado Fuel Co. of Denver, Col., the shares being
$100 each, full paid and non-assessable. The Colorado Company owns the fee simple title to 31,000 acres of coal lands in
Colorado and is now operating six mines with a capacity of
6,100 tons of coal daily. The lands have been carefully
selected and prospected and are stated to contain not less than
850,000,000 tons of merchantable coal. The net earnings have
been for the year ending June 30, 1889, $230,673 1890, $305,916; 1891,5330,938. The capital of the company consists of
$1,120,000 Ist mortgage bonds, of which $935,000 are outstanding §2,000,000 preferred stock, of which $1,678,000, including
the amount now offered for subscription, are outstanding, and
$3,000,000 common stock, of which $3,517,000 are outstanding.
No mortgage indebtedness can be incurred in excess of $1,200,000 without the consent of 75 per cent of the preferred
stockholders. The subscription lists are now open, and will
close at 13 o'clock noon, Wednesday, Sept. 9. The right is reserved to reject or accept only in part any or all subscriptions.
See particulars in the advertisement.
&
;
;
—
The 20-year five per cent gold bonds issued by the Lindell
Railway Company of St. Louis are offered for sale, as per advertisement, in another column. This is an electric railway,
and
I operating 30 miles of main track in the city of St. Louis
I investors,
by addressing Messrs. Whitaker & Hodgman of
Union PaciQc.-At a meeiiog of the directors of the Union I chat city, will be furnished with full particulars as to the
Pacific Riilroad at No. 195 Broadway, on the 18th inst., meas- I property and the results from its operation.
Principal and
ures were taken to provide for the fiaancial requirements of * interest on the bonds are payable in New York or St. Louia.
;
.
THE CHRONICLE.
258
COTTON.
(£jommtxcml gimes.
^,hje
Friday, P. M.. August 21, 1891.
indicated by our lelegraa «
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 17.394 bales,
Tmb Movement op the Crop, as
COMMERCIAL EPITOME.
Fridat Night, August 31, 1891.
The weather has continued to be pretty uniformly favorable
•
showto the growing and maturing crops, but the frequent
ers have somewhat impeded the housing of the ripened
improvement,
cereals. Business shows a moderate, steady
yet imdoubtedly the volume of trade falls below the general
€xpectatlom of mercantile circles. The speculation in bread
measurably abated, only to be renewed yesterday with
much vigor, assuming the new phase of extending to oats,
stuffs
in the
movement
8at.
Hon.
Tua.
Wed.
Thur.
FH.
6-92
6-89
6-U
687
6S2
BeptemberdeUverr....o. 6-»5
7-02
704
6 97
707
6-9i
6 99
0.
October delivery
7-13
711
0.
7 16
7 04
7 5
7 08
Kovember delivery
7-20
7-24
7-25
711
7 25
7-lS
c.
Decemlier d- livery
7-29
7-35
7-41
7-40
7-33
7-38
c.
January deUvery
Pork has again declined, and closes dull at $10 25a|10 75
new
mess, $10 50.g$ll for extra
for old mess, $11 50@$13
prime and $t3@$14 50 for clear. Beef has been quiet, but
prices are steadier; extra mess, $9@$9 50; packet, $10, (t §10 50;
family, $11 50(3 $13 perbbl.; extra India mess, $18a$20 per
for
6.850
w«ek, making the total receipts since the
at—
Receipts
El Paso, &o...
New Orleans...
MobUe
Wed.
Tues.
Slon.
Sat.
Galveston
Thurs.
Fri.
Total.
642
1,974
780
1,489
923
1,322
7,180
451
37
819
66
967
26
514
34
449
478
43
S,678
13
21
Florida
309
for export.
6-92i^c. for prime Western, with refined for the Continent
quoted at 6-85@7-2.5c. The speculation in lard for future
delivery has continued fitful and uncertain. A decline early
in the week under manipulation for Western account was recovered in symjjathy with the grain markets, but to-day
there was renewed depression as the price of corn fell off and
large arrivals of swine were reported at Western points.
DAn.T OLOSmO PRICSS OF LABD FUTaRKS.
week and
bales the previous
Ist of Sept., 1890,
6.936.581 bales, against 5,819,058 bales for the same period of
1889-90, showing an increase since Sep. 1, 1890,of 1,117,523 bales.
asainst 7,834 bales last
The speculation Savannah
BrunBw'k,Ao.
in cotton turned largely upon the weather reports and crop
Charleston
prospects, which were frequently quite conflicting,
Port Royal, ifca
been firmer, but rather quiet, and Wilmington....
i Lard on the spot has
Wa9b'gton,&c
Closes aUttle unsettled at 6 25@6-30c. for prime City and 6-90 a
which shared
UU,
[Vol.
366
•
35t
287
366
276
470
IS
1,940
......
Norfolk
West Point...
8
ts
76
27
34
31
223
1
22
16
7
45
112
203
153
62
256
141
195
158
103
64
8
33
81
105
28
907
4S3
28
462
502
788
273
175
96
2,298
29
49
298
4.099
3,208
3.971
2,039
2,531
17,894
N'wp'tN's,&c.
New York
Boston
Baltimore
PbUadelpli'a,&c
133
rotalstblsweek
2,218
97
For comparison we give the following table sjiowlng th«
week's total receipts, the total since .September 1, 1890, and
the stock to-nisht. compared with last vear.
1889-90.
1890-91.
Slock.
Receipts to
Sittee Sep.l
This
Aug. 21.
Week.
Salveston
. .
ElPaso.&c
Sew Orleans.
Mobile ....
Florida...
1,
1890.
I
Since Sep.
This
Week.
1,
1889
1891.
842.046
23,^12
6,717 1,962,092
594' 240.633
32,279
2,987 941,415
162,962
496 322.316
1.833
521 132,937
3,749
300 403.043
176| 327,118
15
62,566
115,950
72.910
17
446
90,567
81,430
2,495
7,130 1,011,585
23,764
3.678 2,061,980
227 293,602
44.601
13
1,940 1,130,671
188,966
222 609,397
1,016
203 188.673
3,746
907, 645,662
452 351,877
28
97,505
135,406
2,296
124,434
50,488
298
73,208
1890.
6,329
1,374
86,088
4,064
6,888
I
lOS
Beef hams have been more active at the recent de- Savannah.
6,541
2,718
cline to $17 50 per bbl.
Brnns., &o.
3,430
688
Cut meats have continued dull, closing somewhat nominal. Oharleston
P. Royal.Ac
Quotations are: Pickled bellies, 7%'^7^8C.; pickled shoulders,
2,363
816
6@6J^c., and hams, lO}4'3>W%c. Smoked shoulders. Itcbl^c, Wilmington
Wasb'tn,iScc
«nd hams, \\%ai\Zc. Tallow dull and easier, at 4 15-16(Hi5c.
Stearine is quiet at 1}i<SS]4c. in hhds. and tcs. Oleomar- Norfolk
5,747
1,033
garine is firmer, with a sale to-day at 6J^c. Butter is firmer at
West Point.
284
NwptN.,&o
18@22J^c. for creamery. Cheese is firmer, but closes quiet at
8 W.® 9/^0. for State factory, full cream.
New York. ..
135.298
38,338
Cofi'ee on the spot has been quiet, but about steady.
Rio Boston
1,200
1,100
No. 7 is quoted at 17c. To-day 1,000 bags Eio No. 7, to be Baltimore. ..
4,-294
881
shipped, sold at 16%c., store terms. Mild grades have been Pbll'del'a, &o
5,380
3,103
quiet and prices have declined.
The speculation in Rio
17.394 6.936.581 14,295 5,819.05-1
Totals
210.015
55,985
options has been quiet, but covering by a few local " shorts "
No' K —3,607 bales added at Savaonali as correction of receipts ainee
has caused an advance, though to-day there was a decli e,
1.
tierce.
owing
to free offering of "firm offers " from Rio.
steady, with sellers as follows
August
16 65o. November
14'25c. Febniary
18-00). December
fieptember
13-75o. Marcli
October
15 10c. January
13-30o. April
was
The
close
:
I
I
advance
—an
Raw
13-2iic
Receipts at-
of 15^345 points for the week.
sugars were in demand during the middle of the week
prices, and the close was firm at 3c. for fair
refining muscovado and 3 7-16iai3i^c. for centrifugals, 96 deg.
test Futures have advanced slightly, closing at 338 a)3-50c
for September and 3-30(g3-34c. for November. Refined sugar
has been in fair demand at an advance; crushed 5 rti5Wc and
granulated 414® 4?^c. The tea sale on Wednesday went off
at generally steady prices, the offerings being reduced.
Kentucky tobacco has been more active; sales were 800
hhds., mostly for export, and it is rumored that Spanish buyers have taken 500 hhds. more. Seed leaf tobacco was
more
active.
Sales for the week were 2,393 cases, as follows760
•.flses 1890 crop. New England Havana,
loj^j' a45c.; 552 cases
1890 crop, New England seed, 18ia 24c.; 450 cases 1890 cron
Ptnrsylvania Havana, lli^a42c.; 300 cases 1889 crop Pennsylvania seed,
15c. 156 cases 1889 crop, Wisconsm Havana, 12.13c.; 125 cases 1889 crop, State Havana. 13
« 14c
and 150 cases sundries, 7(3 35c.: also 700 bales Havana, 7uc
ffl
-us
|1 lo, and 1.50 bales Sumatra, $1 85 a $3.
On the Metal Exchange Straits tin was fairly active to-dav
with sales ot 70 tons at 20c. for September and 2010c. for
October.
Ingot copper is nominal at 12c. for Lake.
Domestic
lead IS nominally unchanged at 4-45c. Domestic
spelter is
easier at 4-9.)c. The interior iron markets are
lairlv active
but at inside prices, a contract being taken at 1
-90c. "for shin
plate dthvered, and l-70c. for grooved skelp.
Charrst'n,&c
Wllm'gt'n,&o
Norfolk
W't Point, Ac
41 others
full
^«
1891.
1886.
17.394
12.153
13-20o.
OalT'ston,<S[C
at
w«
13'25o
...
I
I
September
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
New
Orleans
Mobile
Savannah.
..
Tot.thlsweek
6936.581 5819,058 5516.969 5545 477 5242,367 5349,771
The exports for cne vveeK ending this evening reach a total
of 9,250 bales, of which 6,325 were to Great Britain, 703
to France and 3.323 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1890.
81iice8ept.l
:
•
without decided change, at
Q"iSl
R-^^'V'
bbls
6-6«c. m I'lf"'
8 20c. in cases and 4-15c. in bulk naphtha
5-75C.: crude in bbls. 5-80c. and in bulk
3-20c.
Cnide iert ificates have lost tnost of last week's advance,
receding to 63':^
at the close. Spirits turpentine is dearer on
stronger
ern advices, cloi.ing at 361^ a37i^c. Rosins are quiet Southand unchanged at $l-a5(gl-40. Wool continues dull.
Hops a?e
on
reports
of
vermin
Jrmer,
damaging the new crop in this
'^ ^''*'*'''' ''"*
;
Week Endi
trom
21.
ISxport ^,-li^-
Exports
from—
Qalveston
New
Orleans..
i,en
056
1.128
Brunswick
1,
1890, to Aug. 21, 1S91
Great
S,t04
1
25.108
975.248l410.80o
74,3871
—
126.457
100
87,695;
433.744
23,388
248.241
98.630
149,»89: 18,330
Wilmington...
Norfolk
98,6321
1,847
«89,8i)Sj
11,599
Point...
139.10*
N'portNir»,*c
New York
S,U1
48
745
2,206
Baltimore
SS8
318
Piiil«<lelp'»,4c
Total. U»B-90.
. . .
J.
.
8.S86
703
2,22a
6.832
28
92
102.952
2,»3i
75.240|
719
623S«0i 43.042
2,205
229.698'
ToMI
64S.180
666.044; 1,96 1.496
450
Charleston....
West
to—
OontiBritain. '^'^'l nent.
616,120
Mob.&Penc'la
SttTunnah
Sent.
Exptirted
Great
Conti- ToUH
BrU'n. France nent. Week.
63,180
45.871
32,530
71,817
687,786
121,988
414.260
163.359
327.333
171.832
7.318
76.958
770,SS1
237,014
91^9
185.838
1.914
28.81)7
e.esa 2,901,173 475.144 1,612,579
4.8M.3M
707
79 7821 14.217
26.723
203.329
e.l50 8.3S2,S8» 560,012
«
8
AuauST
,
THE CHKOXICLR
22, 1891.]
In addiiion to Ubove oxp«rt8, our telexruuiH to-iiixlit alAO
give U9 the following amounts of cotton on shipbourd, not
add Hiniilar flKures for
cleared, at tlie porta naiiiod.
New York, which are prepared for our special use by Messrs,
Lambert. 31 Beaver Street.
Oarey, Yale
Wo
259
THB Salks and Pkiobs or FUTUBKS are shown by th«
I
following comprehensive table:
K
9
?
&
On
ahipboant, not eltared~-/or
Leaving
Aug. 21 al—
Other
Frante. Fortign
Orrat
Britain.
Hew Orleans...
Oalveston
N one.
Stock.
Total.
tet*e.
362
None.
None.
None.
None.
None.
None.
None.
2S»
None.
None.
None.
None.
None.
OooMt-
651
1.722
3.5,435
250
20
None.
500
6,2!ll
5,3o0
4,000
12fl9<)8
1,722
4.2J0
3,Oj0
1,000
250
20
None.
500
None.
None.
Total 1891...
7.539
100
1,950
2.354
12.443
197,572
Total 1890...
Total 1889...
10.061
13.3i2
None.
None.
930
2,385
711
5S5
11.672
17-212
44.313
52.904
Oli»rlc«ton
Mobl..'
..
..
Norfolk
New York
Otber porta
9!>0
n
4.607
None.
None.
None.
None.
100
None.
Sartnimh
sfeg
B
2.410
4.064
5.247
9,520
a.
CO*'
Ordinary
Bcrlot Ordinary
Good Ordinary
Strict Good Ordinary
Low
538
5iSia
6.1,,
"lie
|) lb.
.Middling
^
Strict LowMiddllne
."
Mlddliii);
1"
713i
8
Good Middling
Strict Good Middlmsr
Mfdllug Fair
10
Fair
lOia
8\
GULF.
m
.'.
Middling Fair
Fair
STAINED.
6=8
7
7%
7%
71b
715,f
«lb.
....
CLOSED.
i'x-
port.
Bstiuday Quiet
Monday.. Quiet at
1,190
1,8
dec.
Tucs.laV.. Quiet
and
firm..
....
1,490
2
7%
I
»
6b-q
5%
o
2
5
op-0
a
<
OtQ
9
OCQI/OX
I
63,8
g'l8
6s,«
5
S
^
oso»
I
713 ,
83,8
838
9%
919
1038
10-9
V',6
tc
OOODCOCi
,1
713,,
^S
2
tcob
3
tXGDC^
8-'„
838
919
9>s
83
8
918
9^4
103b
10'b
1038
'10%
ilO's
5'>6
Tk.
Fr-
5']8
5ll„
31,8
511,,
6<,g
7*8
6»,.
6
78*1
738
|
8^,8
6'',
7%
8
8
SALES.
OF SPOT XHD TRASSIT.
Con- Spectump. juTCn
1
218'
330|
2,026
....
....
....
....
....
....
....
sj/.
....
1
Total.
Sales 0)
Futures.
1,82S
40.400
570
306
261
218
330
47,ilOO
51,6110
90,-.4OO
3,516
374. U'O
65,100
7^,800
«»5*:
I
<1^C<1
5
OOOO
^o
tow
2
'^
^
l-OS
ft*-:
e.»:
00 00000
cm
OOOO
^
ar";
»r:
I
xcx 000
OOOO
»w®co
o
K.tO®>J
XvJ
I
OOOO
^
QOQD
^
>-o
•
^
^-^
<xoo
2
o
too,
o_
opop
5
^ 2
"^
tfrX
5
-
5
"^
XX
^
tc
QCXOX
000a
ot
toto®-^
5
9
OOOO
tOtO
2
I
tito
2
,^u
tt
».-:
1
to
xxcx xxcx
_5?_
oox
*-u
5
aoo
coco
2
s^itO
».«;
XQOOOp
,
a
s
!(>.>(>.
OHO
I
».";
c
X
xcx
XXOOp
,4.*co
1,^.1^
X
"-co
coco
<c
XX
GOOD
5
0103
uiifc
to
al
1
'
io»]
I
IS
XX
CO to*
1
CO!
s.«";
I
:^
w »
ci
tfi
tocc®co
XX
XQO
a
o
^M
j'lOtl
-.»:
ecu
utcto*i
&.":
xox xxox xxcx
^xo
c;t
a
o*-
cico^cb
I
ox
OJ
CO
OCODOOD
X
GOXCX
ooxcx
00
OOOO
io>^
I
a
ccho
It-WtO"^
CO
"^
CO*'
9.*-;
ft.®:
otx
I
"^
QOCCOOD
io.1
10 to
F*--OtO"^
r
;
WW
CO
000
ccco
iji
QDCD
I
ootxooo
a 2
''
«."
w
xxox
xxcx xxoco xxcx xxox xxox
1
-4
OiytOy,
CJtotPcJ,
XX
Zf
^.j
Oto
2
*<
a.^:
ffl-Jt
J
"1
05tO
I
81
»-C0
r.
I
1
-
a
xoc»
I
CO
to
X
XX
XX
a to
a
SI
I
CO
t^
X
,
£
OUCDCX
c
•^ *4
XX
ex
1
.,,
a.d>
"S
ot
»;
I
xxox X
c^OoJ,
_
XX
X-j
CO
^J'^
I
a.'':
xxcx
tc
o-i
o
^to
10
aV
:
CO
xxox
XXC
d
uA
opop
xx 52
"<
vie;,
I
a.":
OCX
X-j
MO)
I
a
5
9
"^
;
oox
<i-']
aco
I
a
I*
^
®
''1
aD_
<
2
*^
XX
too
:
I
«
CO
opapoop
olobPob
X
X
CI
O•I
V
I
I
51,8
9
ceo
w
.;=.!
*JM
I
la
713 J
8 18
838
91s
914
O -1
»J ~]
toto
7'.
718,
**
-j-j®<l
QDXOQO
I
PI,
Fri
71,8
77,8
:
ta^nri
^J.
9li«
<>
7'i#.
51,8
5ii,«
335I
570,
(XX
to
® f»
na
0000
710,
811,8
5\
«:
I
».»':
I
'
I
5H
:
5
to
5%
«
I
<i-.i
ft."":
I
**
i
I
:
•«
nr (i
ao
9:6,8
9'6i.
107 , Il07,8
Wad Th.
O
o>o
to**
flOOD
7%
7\
811,8'
9I1.
»
<1<I
X
CD
».*!
CO
7
71-18
5%
806
264
Wcd'day. Quiet
6=8
716,6
811,,
91i«
916,8
non Taeal Wed
I
7ia
S.\LEa
5%
6»e
7
738
7%
„
^
<i^2-)
5'18
5!!>
I
«;
1
xl
5>«
5?»
658
BPOTHARKBT
73e
:
Fri
6'ifl
7
7%
Z'4«
7'»18
81,8
838
MARKET AND
Total...
0%
6»8
T'a
8I4
81,8
9%
9'l8
913
9»,e
101,8 1038
1016,. 10^8
LowMiddUng
Friday... Quiet
5%
nion'Tneal
Mat.
Good Ordinary
Strict G.ioil Ordinary
Thur'il ly Quiet
5%
6»g
7
739
718
Good Middling
i
5S,,
91 1*
9i4,g
Il07,. Iio ,. 107
7^
Mlddln,'
Good Middling
Mlddhng....:.
55,8
„-,e
6^
Good Ordinary
Low MiddliUK
Strict LowMiddllne
Strict
5S.,
9'l8
9i4,
013,8
lb.
Wed Tb.
inon Taea
SI'"
Sat.
Ordinary
Strict Ordinary
0»od Ordinary
Strict
1
«
I
—
8at.
too'
<
»1<1
obob
—
I
I
hi.
A
UPLANUS.
I
I
4:
OD^*
M
31
I
lis :gi-
?•
m
JD.S
Tlie spEcuIation in cotton for future delivery has been lackManipulation
ing in activity for the week under review.
and rumors have been at times commanding influences. As
is often the case at this season of the year, it has been for the
weak opening on Saturday
most part a weather market.
last was turneti to an advancing tendency by the rather
doubtful character of some of the weekly weather reports.
Some deuression on Monday was due mainly to the report
new cotton was pressed for sale on early arthat
rival,
with little demand or requirement for it, spot
ouotations ijeing at the same time reduced. But on Tuesday there was less depression on this score, an early decline
being nearly recovered. On Wednesday a market that was
somewlmt sluggish at the opening became buoyant, and the
close was at a smart advance.
This was due to reports of the
api)earance of the cotton worm in parts of Texas, Mississippi and Georgia.
These reports were not of much
importance in themselves, but were sufficient to cause
some alarm among the short interest of the room traders, and only a moderate buying was needed to cause a
rapid rise in values.
On Thursday the publication from
the State Bureau of Georgia giving an unfavorable report
of crop prospects in that State caused the quick recovery of
an early decline and a small advance, which, however, was
not maintained in the early dealings. To-day the market
was unsettled. An early advance on a stronger report from
Liverpool was followed by a decline, then a fresh advance on
the execution of orders from out-of-town, then renewed depression, until the close was at a small and irregular advance.
Cotton on the spot was quoted l-16c. lower on Alonday, falling
to the lowest figures made in many years.
In May, 1848,
"middling fair" Gulf cotton, Liverpool classification, was
quoted in this market at Q% cents. That was the year of
political revolutions in Europe, and followed the Irish famiue.
The market was quiet to-day at 7 15-16c. for middling uplan is.
The total sale.-* for forward delivery for the week are 374,100
lies.
For immediate delivery the total sales foot up this week
3,516 bales, including 1,490 for export, 2,026 for consumption,
for speculation, and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
each day of the past week August 15 to August 31,
—
I
5
"
•
i?
•^l-l
—
-
op
00
>
'
I
s:
I
1:1
I
6:
I
X
The following exchanges have been made during
•14 pd. toeieh. 1,000 Sept. for Oct.
•47 pd. to e.\cli. loo Seirt. roi^ Jan.
2-i pd. to exch. 'MO Nov. for Jan.
33 pd. to excu. .100 Oct. tor Jan.
••ii pd. to Bxoli. 8 JO Oct. ror McU.
•. I pd. 10 exch. 100 Dec. tor J.iu.
•14 pd. CO exolj. 400 Sept. for Oct.
the
week
!
pxch. 500 Doc. for Jan.
10 pil. toexcli. 1.20iiNov. Joi Deo
Id p. I. to excl,. l..)0'iSopt. for Got"
•10 pJ. to exch. 50 Deo. .jr Jau. •
•II pd. to
I
50 (Id. to excu 1 w) 8ept. for Jan.
•13 pd. to excd. 50.) Oct. for Nor.
•30 pd. to exoli. 100 Meli. for June
Thk VisibleSopply OF UOTTON to-night, aa made up bv cable
and telegraph, is as follows. The Continental stocks, as rtrell aa
those for Ureat Britain and the adoat are this week's returns,
and consequently all the European dgures are brought down
to Thursday evtning.
But to make the totals the complete
figures for to-night (Aug. 21), we add the item of exports from
the United Status, including in
it
the exports of Friday only.
•
:
1
.
;
.
THE CHRONICLE.
260
—
Quotations for MroDLma Cotton at Other Markets.
Below we give closing quotations of middiinK cotton at Southem and other principal cotton markets for each day of the week
1888.
1891.
918,000
n,i>w>
1890.
660,000
20,000
1889.
620,000
17,000
Total Great Britain Block.
Stock at Hamburg
Block atBremen
Stock at Amaterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Slock at Marseilles
Stock at Barcelona
Stock at U .-o:x
Stock atTiieste
935,000
680,000
4,400
32,000
5,000
200
537,000
3,000
19,300
6,000
''t'^n
.S'XXX
^^'OO"
6,000
124,000
3,000
48,000
3,000
3,000
15,000
81,000
5,000
49,000
6,000
4,000
Total Continental stocks
453£00
228,600
189,100
219,410
Total European stocks.. .. 1,338,500
49,000
Indiacotton atloat for Europe.
23,000
Amer.coUiialloat for Europe.
8.000
Eeypt,Bra?.il,ikc.,atttforE'r'pe
210,015
Stoc^ in Uuited States ports ..
44,032
towns..
interior
8.
Stock in U.
2,656
United States exports to-day.
908,600
82,000
23,000
5,000
55,985
4,933
726,100
53,000
20,000
6,000
70,116
5,890
*2,276
660,400
42,000
20,000
Pliiladelplila
6,000
179.306
14,026
151
9t.
bales.
Stock at Liverpool
Btook at London
70*000
72.00"
"''•oAn
^»"
iqq'ooo
-^Vn'nnn
10,000
425,000
16,000
441.000
3.400
2S,000
7,000
300
700
300
111,000
3,00c
48,000
7,000
11,000
ContineutaUtocks
American afloat for Europe...
United Statesstook
United statesinterioratocks..
United States exports to-day.
^Vj-Si'',
Augusta..
1,258,703
Total American
East l7id ian, Brazil, <te.—
tiverpooi stock
^ 19.000
London stock
,},1-99S.
17d,oOO
*°'000
8,000
CoBtinental stocks
India afloat for Europe
Egypt, Brazil, ic, afloat
Total East India, &0
Xotal American
466.500
1,253,703
..
1\
71I16
7.\
7=8
ZVi«
75»
Zi,'i«
719
7111
7^
7%
Zi'l«
758
71a
73a
75t
738
713,6
716,8
8
8»8
73i
7lha
7l'ig
758
7i«
7l'is
738
713,6
7l'i8
8
8
8=8
838
7«4
8
8
81a
S
8
8
8>ii
838
7"l6
814
Wednts.
7^
7^
7\
1\
7l»i6
8-4
8I4
713,8
814
814
7=8
1\
738
71316
7%
l\>
z;i'«
71318
814
814
ZlJi*
7!3ig
8I4
8I4
713,6
814
814
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta
Columbus, Ga.
Columbus, Miss
Eofaula
495,282
606,483
335,000
20,000
102,600
82,000
5,000
223,000
17,000
90,100
53,000
6,000
152,000
10,000
99.400
42,000
6,000
544,600
534,918
394,100
495,232
315,100
600,433
g,^^"
Louisville.
713,6
738
713,6
716,6
w
.
713,6
7 'a
75l
Louis
Cincinnati
Fri.
713,8
Tues.
7 '9
7^
..
Memphis
534,918
4,933
**-0.^2
7=8
73i
7«8
Norfolk
Boston
Baltimore...
273,000
120,000
2.
7%
Wilmington.
1
Llfe'?^ooT?tock
7l3i«
731
Cliarleaton.
Thurt.
7iSifl
Hon.
Satur.
Salves ton...
Sew Orleans
Mobile
Savannah...
292,000
99.000
26,000
70,110
5,890
2,276
325.000
126,000
23,000
55,985
699,000
^SX'XXS
23,000
CLOSma QnOTATIONS FOB MIDDHNa COTTON OH—
ending
August 21,
ffeek
1,725,203 1,079,518 839.383 921,883
Total Tisible supply
Oftteabove.tlietotalsofAmerloanandotUerdescriptionaareai follows;
bales.
[Vol. UIT,
,000
,.
Newberry
Rock....
71a
7
Little
7
Nashville
7
Natchez
Montgomery .
I
718
.
I
71«
7i«
714
Raleigh
7^ Selma
7i«
Shreveport
Beceipts From the Plantations.— The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
anally reaches the market through the outports.
179.300
14,020
151
WUk
anil»n«—
BectlvU at tht PorU. St'k at Interior Tovms. Rec^pta from Plant'nt,
1891.
1889.
1890.
1891.
July 17
1,952
2.592
14.172
10,856
12,821
'•
24
1,710
S,651
8.902
9,657
9,319
••
81
Bit
2.596
9,158
7,438
Atw. 7
1,010
1,419
7,330
8.850
81,417
87,678
82,610
7,848
8,769
3,758
14.295
7,881
17.391
7,S90
7.207
1,725.203 1,079,518 889,332 921,883
Total visible supply
BSsd.
5», d.
4i,ed.
6HiPrice Mid. Upl., Liverpool....
III30.
Iliac.
7i5„c.
10=8«York....
New
UpL,
Mid.
Price
The imports into Continental porta this week have been
4,000 bales.
The above figures indicate an increase in the cotton in sighi
to-night of 643,685 bales as compared with the same date
of 1890, an increase of 835,821 bales as compared with the
corresponding date of 1889 and an increase of 803,320 bales
•s compared with 1888.
^r
1889.
••
14
1,408
"
«1. ...
8.532
1890.
1889.
1890.
]1«
749
818
772
124
612
412
8,863
67,856
63,385
848
8,830
8,984
62,975
6.349
18,396
1891.
7,104
2,288
1,998
3.69S
17,004
The above statement shows: 1,—That the total receipts from
the plantations since September 1, 1890, are 6,975,943 bales; in
1889-90 were 5,815,578 bales; in 1888-89 were 5,508,801 bales.
2.
That, although the receipts at the outports the past week
were 17,394 bales, the actual movement from plantations was
only 17,001 bales, the balance being taken from the stocks at
AT THE Interior Towns the movement that is the receipt? tbe interior towns. Last year the receipts from the plantations
the
shipments
September
for
1,
the
for the week, and since
for the same week were 16,393 bales and for 1889 they were
week and the stocks to-night, and the same items for the 6,349 bales.
1889-90
in
period
of
is
set
out
detail
in
the
corresponding
Weekly Overla.nd.— In consequence of the smallness of
following statement.
the cotton movement, the statements of weekly overland will
tswrrHwss
be omitted until the beginning of the new crop year.
_
=
O n ^0 5= t3 »
Amount of Cotton in Sight Aug. 21.— In the table below
.- 5o5-.5 = 5 =
5.ts 5-i E^ <'H.»tnp
we give the receipts from plantations in another form, and
|SP3=:oF3
^CO
.J
£,!=-=' *^®.»> En
add to them the net overland movement to Aug. 1, and also
3>-i.»f»..-*- OD
55;
the takings by Southern spinners to the same dite, so as to
o?
•^ a O
>
iT'-i^K
M
8S "
M M ri P O
QB
give substantially the amount of cotton now in sight.
S M
—
—
—
—
^
'
:
SL
•
.
'
'
•
[fc.*
1890-91.
CO
—
Myi
MXi-K-4
O tC *• m O' Oj
l5
-vj
•'t
QD t5 C5
1*-^
— to —
to
© ta
—
•^
Otf)'-'-
»—
o »-
to»i -ki
rc:C;C®M-£CD©03*^aDC>-O*^**-o
®o» — to
c w;
•-
rffc
— go;
•
co;
w
o: -1 to
o;
S2
^
I?
^
I
1888-89.
1887-88.
Northern spinners" takings to
2,003,211 1,760,943 1.723,216 1,771,280
August 21.
w MO
Orf*A.Ot0-O
©cue. ©xmqoiO*,
as;
I
8,564,275 7,196,278 6,876,017 6,951,332
Total in sight August 21
(t^
yito*
ii-CT
X ci^"- O" a — w ce *k oc cop jc w
1889-90.
Tot.receipts from plantat'ns 6,975,943 5,815,573 5,508,801 5,537,638
1,030,332 887,700 891,216 978,694
Net overland to August 1
558,000 493,000 476,000 435,000
South'n consumpi'u to Aug. 1
|t.*£)ICtOtOCCW(fc.^«Dr-CClMi!C*"00 00a,
«j
I
Receipts at the ports to A'g.2 6,936,581 5,819,058|5,516,969 5,545,477
Interior stocks on Aug. 21 In
*7,839
*8,1«8
*3,480
39,362
excess of Beptember 1
lO
©xxroM-^eo
•
Decrease from September 1,
It will be seen by the above that the increase in amount io
sight to night, compared with last year is 1,367,997 bales, tha
«zcess as compared wiih 1888-89 is 1,688,2.58 bales and the gaia
over 1887-88 reaches 1 ,613,943 bales,
*
Wbather Reports by Telegkaph,— Our
telegraphic ad»
from the South to-night are less satisfactory than oC
Caterpillars and boll-worms are reported in a numbcTi
late.
of sections of the Gulf States and Texas, and in some instances
vices
JO,
M
cow
W M
damage
is complained of.
Picking is progressing well in
South Texas and is beginning at many other points.
Oalveston, Texas. We have had rain on two days of tho
week, the precipitation reaching furty-five hundredths of_ aa
K)
*JWXWW*-oc ^ X *j ci; I' r; w w ^ ^i c. *" ic X ic * o
— ** 5JW
i-io;
«»
<ee<
13
wo
cseoio
^0*lH(OMODro
oactoos3soom
»
osoo;
—
—
-•
Ml*
— *. w o
auuoMo
ODOl
H*
«
—
•
M
•
^ CO W
•
k4
w
to
*
fr
LiOulBTUle dirurea
uer.'* iii horh years,
tl^ast year's flirures are for GritUn,
} This year's figurea e.ttlmated.
The above
*'
show that the old interior stocks have
decreased during the week 3,389 bales, and are to-night 39
099
balea more than at the same period last year. The receipt's
at
the same towns have been 2,560 bales more than the same
week last year, and since Sept, 1 the receipts at all the towns
are 741,031 bales more than for the same time in 1889-90.
totals
Receipts of new cotton this week 5,383 bales, against
bales for same week last year. Total to date 6,390
bales, asainst 2,957 bales in 1890.
Average thermometer 8(V
highest 90 and lowest 71.
Palestine, Texas. Picking has been commenced. The crop
is very fine, but there are some rumors about cotton worms.
It has been showery on one day of the week, the precipitation reaching twenty-three hundredths of an inch. The thermometer has averaged 83, the highest being 94 and the lowinch.
2,390
est 70.
—
Huntsville, Texas. There has been no rain all the week.
Crop prospects are splendid and picking is under way. TBa
thermometer has averaged 83, ranging from 70 to 96,
Dallas, Texas.— The grain crops of the State are made and
are abundant.
Cotton prospects continue promising, buf
there is con.'iderable complaiot about boll worms in some
sections
Picking
is
making good^lprogress
in south
TdxW
—
J
ACOCST
THE fllRONrCLE.
82, 1891,
2r>i
—
Savannah, Georgia. The weather has been warm and
with rain on four days of the week to the extent of
thirty-three hundredths of an inch.
Eleven hundred and
averaging 86.
San Antonio, Trbcm.— We have had dry weather all the thirty-two bales new cotton received this week. The thergood.
Average
therhas
ranged
from
mometer
70 to 93, averaging 81.
woek. Picking is active and the crop is
Charleston, South Carolina. Wo have had rain on two
mometer HB, highest 100 and lowest 72.
now
being
week,
rainfall
and
is
of
the
the
reaching five hundredths of an
days
Luling, 3'ej;as. —Cotton looks splendid
gathered. It has been showery on one day of the week to tlio inch. The thermometer has averaged 84, the highest being
extent of ten hundredths of an inch. The thermometer has 94 and the lowest 73.
Stateburg, South Carolina. Rain has fallen on four days
averaged 88, the highest being 100 and the lowest 7ii.
Columbia, Texas.— Picking is progressing and the crop is of the week, the nrecipitation reaching one inch and eightyvery tine. Caterpillars have undoubtedly appeared, but have five hundredths. The thermometer has averaged 76-3, ranging
done no damage as yet, and poisoning is being resorted to. from 68 to 87.
Telegram not received.
M'ilson, North Carolina.
Wo have had showers on two days of the week, the precipiThe thermomThe following statement we have also received by telegraph,
tation reaching three hundredths of an inch.
showing the height of the rivers at the points named at 3
eter has averaged 83, ranging from 73 to 84.
Cuero, Texas. Cotton continues very promising and pick- o'clock August ao, 1891, and August 81, 1890.
ing is active. There has been beneficial rain on one day of the
Auff. 20, '91. .iu;. 21,'90.
week, the rainfall reaching seventy-five hundredths of an inch.
Feet.
re*t.
The thermometer has ranged from 72 to 100, averaging 86.
5-4
8-7
H«w Orleans
Above low-water mark.
Belton, Texas. The crop is good and picking has begun. Memphis
8-9
8-9
Above low-water mark.
1-8
2-8
Above low-water mark.
The weather has been dry all the week. Average thermome- Nashville
10-3
0-1
low-water
Above
mark.
Shreveport
ter 88, highest 91 aui lowest 81.
Above low-water illark.
170
Vloksbure
90
Weatherford, Texas. The weather is very hot. Cotton
India Cotton Movemknt from all Ports.— Tiie receipts
continues good, but in some sections there is much complaint
about boll worms. There h.is been no rain all the week. The and shipments of cotton at Bombay have been as follows for
thermometer has averaged 87, the highest being 104 and the the week and year, bringing the figures down to August 20.
BOMBAY RBCEtPTS AND RHIPMENT8 FOR rOUK TBAK».
lowest 70.
Brenham, Texas. Picking is active and crops look fine,
Shipmentt tince Jan. 1.
Shipmtntt thU week.
Reeeiptt.
though there is considerable complaint about both caterpil- Tear Qreal ContiGreat
ThiM
Since
Total.
Total.
worms.
No
damage
has
been
done,
t)oll
yet
but
lars and
Week.
BriVn.\ nent.
Britain
Jan. 1.
lively
Conli
uneasiness,
and
a
trade
in
poisons
is
going
much
there is
973.000 4.000 1,791,000
on. It has rained lightly on one day of the week, the rainfall 1891 1,000 1.000 2,000 97,000
1,361,000 3,000il,S(>3,000
1890 3.000 4,000 7,000 33S.000
reaching three hundredths of an inch. The thermometer has 1889 2,000 1,000 3,0001359,000
1,188,000 5,00011,691,000
averaged 84, ranging from 70 to 98.
4,000 4,0001209,000 602,000 811,000 4,00011,278,000
18881
New Orleans, Louisiana. —We have had rain on five days
Shipmentt nnee January 1.
Hhipmentt for the week.
of the week, the precipitation reaching twenty-four hunContiGreat
dredths of an inch. The thermometer has averaged 83.
Continent,
Totat.
Total.
Britain.
Britain.
nent.
Shreveport, Louisiana.— There has been no rain the past
week. Average thermometer 83, highest 96 and lowest 68.
Calcutta
11,000
1891*....
1,000
30,000
1,000
11,000
Columbus, Mississippi. Picking will commence generally
24,000
100,000
1890
121,000
next week. The first new bale was received on Tuesday.
Usdras—
Worms are reported again in the prairies. No rain has fallen
13,000
1891*....
6,000
4,000
10,000
7,000
20,000
during the week. The thermometer has averaged 85, the
28,000
10,000
10,000
6,000
34,000
1890
AU otbershighest being 98 and the lowest 73.
and
all
is
Dry weather has prevailed
The thermometer has raDKed from 12 to 09,
beginning in north Texas,
the week.
sultry,
—
—
—
—
—
—
—
1
—
—After careful
Leland, Mississippi.
much
less fruit
on the cotton
investigation we find
stalk than its appearance would
Full grown cotton worms were shown here on
Wednesday, and on Thursday they were reported on several
other places near by. The thermometer has averaged 83'6,
ranging from 71 to 95, and the week's rainfall has be«n five
hundredths of an inch.
Vicksburg, Mississippi. Telegram not received.
Clarksdale, Mississippi. There has been no rain all the
indicate.
—
—
^veek.
Little Rock, Arkansas. — Telegram not receiveed.
—
Helena, Arkansas. Crops are doing well, and there are no
reports of worms. This has been the hottest week on record
here. There has been one heavy shower, the rainfall reaching seventy hundredths of an inch. The th'^rmometer has
averaged 84, the highest being 96 and the lowest 70.
Memphis, Tennessee. The weather has been hot and dry except on Thursday, when rain fell to the extent of twentyiiundredths of an inch. Cotton is beginning to open. The
crop is progressing well and no worms are reported in this
—
section. Rain is now falling. The tliermometer has averaged
82, ranging from 69 to 94.
Nashville, Tennessee. There has been rain on three days of
the week, the rainfall reaching seventy-three hundredths of
an inch. Average thermometer 81, highest 96 and lowest 64.
Mobile, Alabama. Crop reports are less favorable owing to
rust and shedding, and there are complaints of dry weather.
Rain has fallen on five days of the week to the extent of
twenty-four hundredths of an inch.
The thermometer has
1891*....
1890
Total aU1891*....
1890
*
71 to 96.
—
Stlma, Alabama. Rust, boll worms and caterpillars are
claimed to be doing serious damage, and poisoning is going on
in many localities.
Picking has generally commenced. It
has rained on two days of the week, the rainfall reaching
one inch. The thermometer has ranged from 73 to 94, averaging 83.
Auburn, Alabama. The condition of crops is about normal,
but there are some complaints of too much rain for cotton.
The week's precipitation has been thirty hundredths of an
inch. Average thermometer 79-9, highest 92, lowest 69.
Madison. Florida. Cotton continues to do well. Rain has
fallen on three days, to the extent of two inches and seventyseven hundredths. The thermometer has averaged 89, tlie
highest being 97 and the lowest 75.
Augusta, Georgia. Accounts continue good: the crop is
developing promisingly. There have been light rains on four
days of the week, the rainfall reaching twenty-four iuindredths of an inch. Average thermometer 81, highest 93 and
—
12,000
6,000
I
33,000
61,000
47.000
42,000
80,000
103,000
30,000
28.000
57.000
113,000
84.000
148,000
141,000
261,000
1890.
1891.
1889.
1
8hipmenl»
Europe
Bombay
AU other ports.
This
week.
Thie
week.
Since
Thit
week.
Jan.
2,000
30,000
973,000
141,000
7,000 1,361,000
28,000 261,000
3,000 1,188,000
27,000 188,000
32,000 1,111,000
35,000 1,622,000
30,000 1,376,000
from —
Total
Since
1.
Jan.
1.
Since
Jan. 1
Alexandria Receipts and Shipments.-Through arrangements we have made with Messrs. Da vies, 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,
August
19.
1888-89.
1890-91.
1889-90,
2,000
4,020,000
1.000
3,174,000
Receipts (cantars*)
Thisweek
Since Sept. 1.
Since
This
week. Sept. I.
This
Since
week. Sept. 1.
1,000
2,708,000 ,
Since
This
week. Sept. 1.
ETpopts (bales)—
To Liverpool
To Continent
Total Europe
1,000 280,000
1,000(252,000,
1,000| 160,000
1,000 329,000
1,000 161,000
2,000 532,000
2,000426,000
2,000 300,000
1,000 266.000
A cantar Is 98 sounds.
Manchester Market. — Our report received by cable to-night
from Manchester states that the market is quiet for yarns and
steady for shirtings. Manufacturers are working at a fair
give the prices for to-day below, and leave those
profit.
for previous weeks of this and last year for comparison:
We
1890.
1891.
—
—
18,000
22,000
19,000
18,000
Totals since September 1 revised.
to all
—
—
8,000
6,000
BXPOKTS TO KCROPE FROM ALL INDIA.
—
averaged 82, the highest being 93 and the lowest 72.
Montgomery, Alabama. Rain has fallen on four days of
the week, to the extent of one inch and twenty-three
hundredths. The thermometer has averaged 84, ranging from
11,000
12,000
Colt'71
32» Cop.
8>4 lbs.
Shirtings.
Twist.
d.
d.
J'lylO e's
•71-2
24 6% »7-'8
" 31 6\ »7»8
Aug. 7 r.% «73a
•'
14 6i:ii6a71,.
" 21 6\ <»738
••
«.
d.
5
9
8.
«6
Mid
8I9S6IO
5
5
5
8>«»6 10
8»«»6 10
9 96 11
5
81a "6 lOis
d.
413
d.
d.
41„
4i«
SH
mi
858 9S-'»
41.. I8I9
—The
8.
6
6
6
»8iai. 6
81a «8>3i«L
8»9 98-8
8»8 «8'8
I'lfl
SH
«8^
CoICh
.,
lb'.
Shirtings.
Twist.
Vplds
d.
10
5
„,
32» Cop.
d.
8.
d.
4iaa7 31s
5
5
5
16 5
16 5
m
md.
Vpldt
d.
6»,,
658
®7
87 41s S!!'"
®7 6
S "
»7 5
61'is
W7 5
e^*
market for jute bagging
continues active, considerable sales having been made at
current prices. The close to-night is at o%c. for 1% lbs., 6Jiic.
lowest 68.
for 3 lbs. and 6^c. for standard grades. Jute butts are ia
Columbus, Georgia.— We have had rain on two days of the only light request, but prices have undergone no change.
week, the rainfall reaching sixty-nine hundredths of an incli.
Quotations
for paper grades and IJ^c, for baggiqj^
The thermometer hat averaged 84, ranging from 74 to 90. _^ qualities. are r05c.
Jute Butts, BAOOiNa, &c.
..
THE CHRONICLE.
262
Review
Cotton Crop Circular.— Our annual Cotton Crop
the 10th of
Thursday,
about
form
circular
in
ready
will be
[Vol. LIII.
Sat.,
Aue. IS.
Open High Low.
Slon.,
Auk. 17.
Open High
Clot.
d.
,
.
m ^„.,
August.
.
.
The first bale of the season of 1890-91 arrived Wilmmgton
August 27, from Anson County, N. C, and the tirst arrival
1889 was from Marion, S. C.
m
to Mr. Meilleur at 10 cents per pound. Last year the
from
first bale reached New Orleans on Monday, August 11,
"Vicksburg, and in 1889 the first new Mississippi bale made its
appearance at Memphis on August 18.
exports of cotton from the Unitt^^
States the past week, as per latest mail returns, have reachu'
13.42.S bales. So far as the Southern ports are concerned, then^
ve the same exports reported by telegraph and published ii
the Chboniolb last Friday. With regard to New York w.
include the manifests of all vessels cleared up to Thursday.
News.—The
2,141
^
IdTerpool, steam d. 3j,aie
Do
8ept..d.
».s
»«
Havre, steam... ((.
Do
d.
Sept
Bremen, steam.. c.
Do
Sept..<*.
Sept
H
H
....
....
8,5''0
4<io
400
1,''9^'
200
26J
>«
Js
^
^
»16
3,6
»32
'i«
9-2
»ai
4 S3
4 35
Jan.-Feb.... 4 36
Feb.-Mch... 4 88
Mch.- April. 4 41
4 37
4 89
4 37
4 39
4 41
4 41
4 38
4 40
4 48
4 45
April-May..
May-June
as
»16
3i„
»«4
^4
3l6
»84
••la
>8
»f.4
'm
Hi's>H<i
3,8
3.8
»18
'18
35"
40*
3540*
'l^
35'
35-
35-
40*
40*
40*
35*
40*
|
—
Actual export
Forwarded
Total sUK'k— Estimated
Of which Am»-rican — Estlm'd
Total import of thf week...,
Of which American
Amount
afl<
at
4?,000
2.900
1,600
36.000
3.000
45.<0O
1,024.000
,
..
,
Of which American
797,(K)0
28.<'00
^"g- 7
I
42,000
4o0
^vg. 14
70.000
2.r0(>
1,100
4 000
35,0<'0
61000
4000
3 I'OO
39.000
.57.000
997 000
958 000
737,000
77^000
17 0<'0
A.ug.
21
1.400
50.)
29,00„
3.o0u
48,00
918.000
69 .Om.
13000
20.U>
13,0(K)
11
4u,0<i0
S.-^OOO
2(1.000
25 000'
15,ih0
2o.0i>o
000
6OO0
15,OOo
The tone of the Liverpool market tor spots and futures ea, h
d»y of the week ending Aug. 21, and the daily closing pric. s
t
spot cotton, have been as follnwR:
Spot.
Saturday Monday, Tueiday.
Pmall
inqntry.
Hld.Upl'd8
Bpec &exp.
Quiet.
400
7,000
1,000
Wednet. Thurtd'y. Friday.
Dull and In bnyem'
BarelT
supported
faTor.
4'l8
4'l8
6,000
6,000
500
500
4,000
6(HH>
400
5C0
Market,
4
P.
M.
ateatfr
Esay.
at Weali at
lartlall; 3.114
4.(14
1.64
QnIM and
staadr
The opening,
adv.
Qnlet.
a
Steady.
Steady at
2-64 ad
Tance.
Steady.
Steady.
Firm.
Steady.
deoltne
Quiet.
highest, lowest
441
4 10
4 32
4 44
139
141
413 4 44
4 46
4 45
4 33
4 3-5
4 31
4 37
4 38
1 19
L'l:'
I:-.:
ISO
133
133
4SS
4 32
4 31
438 4 37
139 410 139
4 42 413 112
4 46
1
4
41(1
44::
d.
d.
d.
d.
d.
d.
4 20
4 20
4 22
4 22
4 23
4 23
4 28
4^5
4 22
4 22
4 25
4 25
4 29
4 33
4 36
4 38
4 24
4 21
4 27
4 25
4 25
123
123
127
4 20
4 20
4 23
4 23
4 28
4 33
136 4 37
4 39 139
124
121
127
127
132
136
138
15:
4 20
4 41
4 12
4 11
143
411
113
44
4
116
4 41
111
4 46
4 17
4 49
149
4 19
4 20
119
119
4 20
4 22
4 44
12?
ISO 4 31
133 131
4»6 136
4 38
Open\Hi^h Low. Clo
Clos.
d.
d.
4 22
Aug. 21.
d.
d.
AuK.-Sept.. 119 120
September.. 4 22 123
8ept.-0ot... 122 123
4 27 127
Oot.-NoT_
NoT.-Dec... 4 30 131
Dec-Jan.... 4 33 131
Jau.-Feb.... 4S5 136
Feb.-Mch... 4 38 139
Mch.-April. 4 40 411
FrI.,
Open High Low.
d.
4
4 32
134
4 37
39
4 39
410 111
113 in
412
441
4 25
4 29
4 33
4 36
4 38
4 41
143
4 46
4 34
4 37
4 39
4 42
i 27
4 28
4 28
4 33
133
4
1 2:
4;i-2>
1
.":
1
;-:
1,"/,
43
11'
148
118
14'.
.
BREADSTUFF S.
Friday, Aug. 21, 1891.
The markets for
and meal have exhihi ed more
flour
S'rength, responding more fully to the hieher prices in the
grain markets than in previous weeks. Values of the lead
in^ grados are prt-fy generally,25(3.'i0cts. per bbl. above tho-sf
ilders have felt more co fid-iic»'
cu^r^nt ea'ly in August.
ill the stability of the position and buyers have paid more
lanney for fuder Unes not restricting their purchases to
their more urgent needs as they did for some time after the
wheat To-day the market was quieter and priced
rise
were barely maintain^ d.
he whnat market was exceedingly active and buoyant od
Saturday last, owing mainly to the covering of contracts for
account of Western operators. Prices fell off on Monday, uider
throughout
s lling to realiz-. and wt-re feverishly unsettle
Tuesday and Wednetday, under a variety of influences often
lO flicti' g and uncertain. The export demand materially
a atedjbei'g not more ihsn one- fourth as much as wh*
prices wer" lowt-r. Ou Tnursday a variety of foreign advices
H
—
and rumors caused renewed actvity and buoyancy, in which
prices exceeded the beso figures of the previous! Satur.iay,
To-'lay »
but HXports were kept within narrow limits.
higher openi' g «as tollowed by a decline, the mark t fluctuating witi the var> ing tenor of foreign advices. Some business was done for export at |1 14(g|$l li% for No, 2 red winter afloat.
DAILY CLOSING PRICES OF NO. 2 RED WINTBE WHEAT.
Thii's.
Mon.
Tues.
Wed.
S I.
11114 11388
o. II314
lll'sS liO
September delivery
Oiuobernt livery
Niivember delivery. ..
December delivery
Januarv delivery
February delivery
0. tin's
.0. 114<i)
0.
])47g
11638
Ill's
Hi's
113
o.ll7'9
II1I4
11 ''%
llb^is
116%
c.
lli=8
Ill's
1V2.^
113's
1
4%
111%
112%
11
H
Fn.
1'2J^
112%
II1I4
tin's
llS's
ll-ls
US'!
115
117%
116^9
116%
«.
lib's 117i« l^Ca 11979
Indian coro hss notably advanced, especially for the late
crop, but the next crop made a decided advance for its earlier
deliveries say for the month of December. Crop prospects
have improved materially, but the question at the present
time, and must continue to be for some months, is one of
supply. Th' re is a decided scarcity throughout the whole
country. When will the vacuum be filled? is the chief
que-tion. Shippers have bought the autumn months to a
moderate extpnt. To-dny an active speculation, in which a
further advance was paid, closed on somewhat lower prices.
The spot market was very unsettled. No. 3 white sold for
export at THcasOJic. afl 'at.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
—
Sat.
futures.
Market,
1:45 p. M.
4 33
4 35
Thnrs., Aug. 30.
Clos.
d.
September delivery
October dell very
Dull but
•lead}.
irresular,
41$
4,000
Bales
August
May-June
4 34
4 36
4 3S
4 30
4 31
4 36
113
.
Maydeliv. ry
34 000
13.000
30.000
4 29
413 411
Open High Low.
t
July 31.
4 11
4 14
4 21
Wed., Ang. 19.
I
ales of the week
bales.
Of whirh exporters took ...
Of wbW'h speculators took..
Bales American
d.
119 119 4 19
119 119 4 19
4 21 122 121
4 21 122 121
126 127 126
429 130 1 29
121
i
Steamer August 25.
Liverpool. By cable from Liverpool we h'lve the followiu.'
'
atatemeat of the week's sales, stocks. &o., at that oorr,;
Itw
4 32
4 34
4 22
4 22
1
I
Per 100
Clo.-
I
Beval, steam.... (I.
Ste
Sl6
'18
3l«
3,.
'i«
rf.
Do Sept
3,ea>4 'Ma"* 7,jffl^ '3»a^ ''32®'* 7,5 a >4
Barcelona,Bteain<t.| Tji^aHt 'g.'»'4t ''sv®'*) ''iiv®'4t| lsi-®'4t V^^^t
Sjg
Genoa, steam... d.ii(i4'a'3ig
8,3
3,,
Sj,
3g
is^^
".^^Tjj 13^,^732 is^aTgj iSg,a7,2 iSg^aT^j
Trieste, steam. (J.
'
4 2d
4 20
4 30
4 24
4 26
4 2a
d.
m
Fri.
>8
Antwe rp, steam .d,
4 25
4 22
4 22
4 25
4 25
4 29
4 32
4 34
200
55
»ie
|
424
d.
'
3l6
.c.
4 21
4 22
4 31
4 31
4 36
4 38
•i
»S2
»16
mst'd'm, steam.e.
Do
»sa
»ss
eept...d.
Do
^
—%
»i.
Wednes. Thurs.
Tues.
122
4 25
68
Cotton freights the past week have been as follows:
Mon.
d.
"
18"
43
13,4i!3
Salxir.
122
4 22
4 21
424 424 424
129 4 28 4 29
April-May.. 4 43
Kew York—To
Total
d.
Sept.-Oct... 424
Oot.-Nov.... 4 28
NoT.-Dec... 4 31
Dec-Jan.... 4 34
.
Total bales
—
d.
4 22
4 22
4 24
old
Liverpool, per steamers Aurania, 661
HollMDd. 843.. ..Runic, 420.. ..Wyoming, 217
To Havre, per steamer La Touralne, 48
Elbe, 330
To Bremen, per steamers Elder, l<iO
To Hnmb rg. per S' earner Daiiia. 58
Ruyter,
steamer
De
2
To Antwerp, per
To Genoa, per steamer Assyria. 2
To Yi koLama, per steamer Stratlileven, 55
Kbw Orleans— [V> Liverpool, per stwameis Be nard Hall, 3,996
Governor. 3, lol
... Disioverer, 1,433
To Barcelona, per bark Catallna, 400
Ottoman. 1,099
To
LiverixMtl,
per
steamer
Boston—
BALTmoRE To Liverpool, per steamer Sobraon. 200
Dresden,
252. ...Hermann, 8
Bremen,
per
steamers
To
d.
... 4 22
AuK.-Sept.. 4 22
September. 4 24
New Mississippi Cotton.—The first bale of new cotton
from Mississippi was received at New Orleans on Friday,
August 14, by Messrs. Hyman, Lichtenstein & Co. The bale
was raised by Alex. Reeves of Pike County. The cotton was
SHiPPlNa
It.
I
Wilmington's First Bale.— The first bale of cotton of the
on isaturcrop of 1891-92 was received at Wilmington, N. C,
day August 15. It came from C. E. Stubbs of Sumter, b. 0.,
low
consigned to Messrs. Alex. Spruat & Son, and classed
middling.
d.
d.
d.
Open High Lnw.'
-I-
I
with
Parties desiring the circular in quantities,
their
send in
their business card printed thereon, should
orders as soon as possible, to ensure early delivery.
September.
Tnes., AuE. IS.
.Vfon.
72i58
o.
Tues.
Wed.
7418
74%
T>>ur>.
Fri.
74=8
73%
71 7g
71
72
72's
November delivery
68
69
en's
68<fl
December delivery
597g
62
63
62
63
63%
January delivery
61
61
....
61
Hay delivery
57
....
57
57
56%
Oats remained dull and unsettled until Thursday, when
160,000 bushels No. a mixed were taken for export for immediate and Seiitember sbip nent. The appearance of shippers
in the market gave grea buoyancy to values.
The new crop
is a large one, ami has been secured in good condition; hut it
is doubtful if it
will yield any considerable surplus for export. To-day there was a further advance and No. 2 mixed
o.
c.
o.
o.
o.
68 ^s
70
old
and closing
prices of futures a t
Liverpool for ea^h dav are given below. Prices ar^
on the
basis of Uplands, Low Middling clause, unless otherwise
stated
•
for export at 39!^(!., afloat.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Sal.
Tues.
Thurs.
Mon.
Wed.
Beptenber delivery
S-J*
37 's
3414
o.
3 1 '4
34%
Oct delivery
34=4
35 'a
0.
37%
34's
35
Fn.
38'4
3S'4
ADOVBT
THE CHRONICLE.
23, 18U1.J
Rvp. which brought $ll0@t'19 to arrive on Saturday laet.
ft'll away, and
on Wedni'silay the IwhI hid was »5
ci'ntH.
There was much said alout the incrtased supplieH
But it eoon Jwcame
iliH higher prices would bring out.
^ippiirent dial all the rye grown in the United Statea ih but a
.h-o|) in the bucket compared with the needs of Germany,
:iiid <m ThurH lay there was a partial recovery, with sales at
To-day No. a
i\-{i(ni(dl\ 01% to arrive and on the spot.
WeBtern brought |102Ol0a and choice State 1>105.
wheat
flour in
The following are closing quotations for
liarrels.
(Corresponding grades ia sacks sell slightly below
()iii<''kly
these figures):
ri.ou8.
V
line
liupertlno
Kxtm, No. 2
Kxtrii, No. 1
Clears
Stnilifhta
Patent, xprlng.
bW. $3 20»$3 80 Patent, winter
3eO» 4 00 City shliipInK, extras.
4 OOa 4 35 Kye flimr, superllne..
Pine
4 25» 4 <-5
4 50® 4 90 Corn meal—
WeHtorn, Ao
4 809 5 20
Brandy wine
a25<>600
$5 00»$5 40
5
5
30"
253
S .SO
5 65
4001* 4 50
3 40
4 00
® 3 6^
« 4 05
with a dteady buaineag of moderate proportions fn thA general
run of other colore<i cottons. Plaids are dull, but fairly
steady in price. Cotton Hannels, doinets, corKot jeans, satteens and fancy cotton linings were without jiarticular feature. Agents are opening up new lines in white goods for
next spring sex son. As already noted a good businexH has
been reported in leading novelties in fall prints and ginghams,
nnd woven wiish fabrics are mostly well so'd in dark styles.
There has l>een a poor demand for print cloths, and prices
have further given way, 64x64s being now quoted at a i:i-l(Jc.
per yard and by no means steady thereat. The Ht<x;k of
cloths at Providence shows a consiilerable falling off, owin,;
to the deduction of sales made in July but not previously reported.
1890.
1889.
Btoeic of Print OlntKi—
Ant. 1 5.
Held by Providence manufacturers. 397,000
Fall Klvermanufaoturera...,...,. 481,000
Oatside speculators (est)....
..
None.
Afg. 16.
466,000
Aua. 17.
14«,<K>0
6,000
10,000
None.
878.000
618.000
180.000
1891.
GRAIN.
Wheat—
c.
0.
Sprinjc, perbiiKh
•
Red winter No. 2..1 13
Kml winter
107
-ail
Wl.ito
1
10
Kye
» cutiTD, per hU8h. I 00
Htiite and Jersey.. 1
Biirliy M:.lt—
tftttte,
03
90
95
2-rowed
State, (i-rowed
®115
18
al 15
S) 1
•al
03
05
a
..
®
..
I
Total stock (Pieces)
per buiili.—
nilxed
W'u mix. No 2
Went'u yellow...
Wekteru wlute..
Ciirn,
Wexfn
Oat«— Hlxed..V ba.
White
No. 2 mixed
No. 2 white
78
83
78
77
83
81
38
i»
39
49
41
51
42
Canadian
98 al 00
Foi- lableti usually sivea here aee paffe *Z45*
tW
263
170.01)0
—
Domestic Woolkns The demand for men's- wear woolens
and worsteds has fallen off somewhat during the week,
neither spot transactions nor orders by mail coming up to
The decrease has been almost eutirely in
last week's record.
light weight goods, as duplicate orders for heavy weights
have kept up fairly well. Although the business in spring
styles has turned out better up to date than appeared likely
from the hesitating opening, it has not proved satisfactory in
volume. A good supplementary trade is, however, looked
for, as the country gradually feels the benefits of the large
crops and the foreign demand for them. Fancy cassimeres
and worsted mixtures in medium to high ranges have fared
New York. Friday P. M.. August 21, 1891.
comparatively well, as have light cheviots; but there has
Business in dry goods at first hands was generally of an been such a large assortment of the latter on the market
individual benefit has been decidedly moderate.
uneventful character during the past week, chief interest that
being centered in the jobbing trade. This has assumed pro- Cotton warp makes in all styles are slow, and it is
portions more in keepiiii; with a good fall distribution
but evident that the clothing trade at present has gone
largely off these. Low-grade woolens are supposed to have
if reports from other points are correct local jobbers are still
relatively less active than those at the chief Western trade supplanted them, but there has not been sufBcleut activity
centres. Probably there is some exaggeration in Western even in these to prove this. Overcoating4, cloakings and
and Northwestern accounts, otherwise business there is verit- satinets were without particular feat ire and only a hand-toably Iwoming, a condition which could hardly exist without mouth trade was reported in doeskins and Kentucky jeans.
New York feeling more of it. The fall trade here is some A quiet duplicate business was recorded in flannels and
two weeks, and large local retailers have hardly moved as blankets. There was a free outward movement in all wool
yet to meet their fall requirements.
From distant points and cotton-warp dress goods on account of back orders but
there has however been a continuously good demand, but at only a quiet current demand.
the same time it has been as entirely free from speculative
FoBKiGN Dry Goods. Importers were fairly busy in leadindications as has business at first hands. With the ing staple lines and novelties, in which a good jobbing trade
latter, orders continue numerous but still of
moderate was also reported. Relatively cheap lines of worsted suitindividual dimensions in all rtescriptions of goods, except in ings and fine dress goods are, as noted last week, competing
soDte lines of novelties in fall prints. These are now being with reputable domestic makes, and although importations
liberally reordered, and such agents as have been fortunate are light compared with last season they are still heavy
enough to strike popular tastes are well sold ahead. On the enough to make their presence decidedly felt.
other hand, there are a number of styles selling slowly, and
Importations of Drr Oooda.
in some instances concessions have been made to stimulate
The importations of dry goods at this port for the week
their progress. Ginghams and dress goods are generally in
ending Aug. 20, 1891, and since Jan. 1, and the same facta
a good position. The situation in staple lines of domestics has
for the corresponding periods of last year are as follows:
undergone no material change.
fair aggregate business
has been done, with more attention paid to outside brands, in
s
s
D
•ome of which a little extra inducement has been held out to
buyers. In leading makes prices are quite steady and stocks
generally moderate.
"•
Buyers continue urgent for speedy
b;
e:
deliveries, and the outward movement on account of previous
8:
a.
orders has been on a free scale. Collections disclose more
g:
irregularity than of late, and some leading houses are comii
5:
plaining of the growing number of overdue accounts on their
books. The South is the chief cause of this, it is true, but
X en to
Other sections have not been as prompt with their settlements
" tOCO'©**.
'/ Co
*. U CO 'X)
00 u»
eorf^-tococD
Ki
as they were a short time ago.
-JW cO)P'COco>q
co;^>tktoos
»-t
Qi
THE DRY GOODS TRADE.
;
—
A
mm
•
:
.
:
.
:
:
:
:
ifk.
CO
K)
DoHBSTio Cotton Goods.— The exports of cotton goods
from this port for the week ending Aug. 18 were 9,458
packages, valued at |433,8S7, their destination being to the
points specified in the table bnlow1891.
Huw York to
Aug.
Week.
23
17
7.158
128
India
Arabia
494
520
279
78
292
353
110
Africa
......„,
West Indies
,
,
Central Ainerioa.,
Boulh America...
Other countrin..
Total...
Ulna, via Vancouver..
Total
From New BoKland
The value of the
'
bef*n
M)^-
-lO
Ii0^i<^
1890.
18.
Ureal Britain
Other Gnropeao.
China
Mexlee
M W
ODOJ
,
9,458
9,458
Situse
Jan. 1
2,409
1.015
103,810
4,732
7,104
4,469
8,«5»
2,227
5.714
20,879
1.849
Week. BineeJan.
270
48
1,774
20O
13
117
27
112
150
83
162.86 I
13,815
2,744
176,678
2,744
*
^(X>
QDtd
1.
4,051
1,191
27,764
2,0»8
7.087
4,242
8.855
1,194
3,028
17,176
1,918
78,604
35,303
CC CO CO top
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browB sheetings and drills slow for export, with jobbers buying fairly and convei-ters moderately. Stocks of from standnid
to 3>^-yard makes are in free supply.
Bieachf^d shirtings
moved irregularly, but rule generally steady. Wide eheetingB are held in moderate compass and are
in fair demand.
Leadwj(j makes of denims and ticks are alao ii^
fftir request.
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00 5"
S5
THE CHRONICLE.
264
'gvnst ®0mvauijcs.
©ompauteB.
irtiBt
Union Trust Company United
States Trust Co.
OF NEW YORK,
45 and 47 Wall Street.
-*3, 760,000 IJAPITAI.. ANO SIJRPI.UrS. - 8».000,II00
OF NEWT YORK,
80 Broadway, New York.
...
8IIKPI.IJS-
-
Authiirlzi'ii to act as Executor, Admimstralor,
Guardian. Uecoiver or Trustee, and is ,. .^,„„
A LkcJAL DEPOSITOUY KO!t MONEY.
Acta as Trustee of luortKagcs of corporations, and
accepts the transfer aKencv and reelstry of stocks.
Allows Interest on deposits, which may be made at
any time, and withdrawn on Ave days' notice, with
Interest for the whole time they remain with the
For the convenience of depositors this company
also opens current accounts subject, in accordance
with Its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Clearing House.
„
,„ OP
^„
Attends specially to the
ESTATE and to the collection and remittance of rents.
It makes ample provision In Its
„ . ttt n,o
NEW
BUlWiLAB AND KIRE PROOF VAULTS
cus-
for the safe keeping of securities placed in its
tody, on which it collects and remits Income,
TRUSTEES.
H. Van
Wm. WhitewrlKht,
Rennsl'r Kennedy,
B. T. Wilson.
George A. Jarvis,
C. VauderbUt,
A. A. Low,
F. Kussell.
C. D. Wood,
James N. Piatt,
Edward
Schell,
Amasa J.
Samuel
Geo. C. Magoun,
W. Emlen Roosevelt
which mav be made at any time and withdrawn after
five days' "notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators or trustees of estates,
and WOMEN unaccustomed to the transaction of
business, as well as religious and benevolent instituAnd this company a convenient depository
tions, will
for money.
JOHN A. STEWART, President.
GEORGE BLISS, Vice-President.
JAMES S. CLARK, Second Vice-Pres't.
TRUSTEES:
Edward Schell,
Geo. C. Magoun.
D. C. Hays,
EDWARD
P. Stokes, Alex. B. Orr.
i
George
Company,
Wm. W.
Branch
offlce.
O. H. Schwab.
$600,000
BOSTON, MASS.
....
Capital
.
.
$1,000,000 00
Surplua,
600,000 00
Tranaacia a General Banklnff Bnalneaa.
Allows interest on
Committee. Guardian. Trustee, Receiver,
and Transfer Agent and as Registrar of
Stocks aiid Bonds; in n legal deposUnry for
Truwt FiiiiiIh and for moneys paid into court.
STRKET.
O. F.
RICHARDSON,
[„,„„
p,„„,,.s.
V ioe-Prest
J
Secretary
TRUSTEES I'
18 Wall St. and 3 Nassau St.
iF. W. Wurster.
Joel F. Freeman
SI.IMMI.UIIO Wm. Dick,
CAPITAL. AND ><lIltPL.US,
A. D. Baird,
Bernard Peters. Chas. H. Russell.
DESIGNATED LEGAL DEPOSITORY.
Darwin R.James.jWm. B. Horwin, Edward T. Ilulst,
Acts as Kxecutor or Administrator of Estates and
istrar.
JOHN
CHARLES
DIRECTORS!
Hon. Ira Davenport,
John S. Tilney.
Hon. Edward V. Loew,
Henry F. Dimock,
John P. Townsend,
S. Auerhach.
Harry B. Hollins,
Jacob Hays,
Joseph
Charles T. Barney,
A. Foster Higgins.
Robert G. Remsen,
Charles F. Watson,
David H. King, Jr.,
Frederick G. Bourne,
Robert Maclay.
Walter Stanton.
C. Lawrence Perkins,
Henry W. T. Mall,
Andrew H. Sands.
James H. Breslin,
Charles U. Welling,
Gen. George J. Magee,
FKED'E
I.
L.
J.
Townsend Burden.
ELDRIDGK.
Secretary.
HENRY TOWNSEND, Assist. Secretary.
Holland Trust Company,
MO. 33
NASSAU STREET, NEW YORK.
Capital and Sarplua
«t,liaV,UOO
DEPOSITS.
ALLOWS INTEREST ON
Accepts and executes any legal trusts from perons or corporations, on as favorable terms as other
Imllar oompanies.
AoU as Executor. Trustee and Guardian, under
wUis, for the flxed statutory charges; also as Registrar, Trustee, Transfer and Financial Agent for KsUt««, atles, Railroads, Towns and other corporations, and for Real Rst^ate Mortgages with Coupon
Bonds in New York, Brooklyn and elsewhere. Collects Renta,
Coupons and Dividends.
TRUSTEES.
Garret A. Van Allen,
Warner Van Norden,
James B. Van Woert,
John Van Voorhls.
Geo. W. Van SIclen.
C. W. Hutchinson,
R. Plaiiten,
F. Vosburgh,
JoMPb S. Stout.
Tunis G. Bergen.
Robert B. Roosevelt.
John
tteiij.
E. B. Tutlle.
John Truslow,
John Loughran.
Wm.B.Wheelock
i
The Brooklyn Trust Co.,
177 and 179 Montagne
T. JeflFersoo Coolidpe. Jr.. President.
Frederick L. Ames
Ij. Bremer,
Augustus Van Wyck.
This Company allows interest on Deposits, which
may be made subject to check at sight or returnable
at tlxed dates.
It is authorized by special charter to act as Executor, Trustee, Administrator. Guardian, Receiver, or
in any other position of trust.
As executor of estates it secures a safe, prompt
and advantageous distribution of the same.
It IS a desipiated depository for Com-t moneys, and
acts as Registrar or Tranfer Agent of stocks and
bonds, and as trustee for railroad or other corporation mortgages.
Executes orders in all classes of Investment securities. Guarantees Letters of credit issued to travelers.
C. T. Chrlslensen, Pres.
Jaa. Boss Curran. Sec.
Abram B. Baylis. V.-Pres. Fred'k C.Colton, Ass'tSec.
Josiah O. Low,
Fred. Cromwell,
Alex. M. White, John P. Rolfe.
"'^K- Sheldon,
t; ^,?lS.''-
J. J.
I
Mich 1 Chauncey,
Wm.
C. b.
Wm.
B. Kendall,
C.
Pierrepont.
M. Pratt,
Geo.G. Reynolds.
S. W. Boocock.
Woods.
H. Male,
John Gibb,
Abram B. Baylis, G. W. Chauncey.
W. Maxwell, C. T.Chrtstensen.
r-i- R,"i'."".';"'
John
T. Martin
IH.
THE
WASHINGTON
TRUST COMPANY
T. Jefferson Coolidge,
George P. Gardner
Henry
S.
.
"ff:'A'ik
l^iT,l„ u-
•I.OOO.OOO
Olio
depository by ordir of
ilcp..»lts of money on Interest. act n» llscal or transfer agent, or trustee
for
oorporallon^ and accept and execute any legal trusts
from |H!r»on» or corporations, on as favorable
ts>ws^uta
terms
as other similar companies,
Tkomas Hlllhciuse. I>res. Fred'k D. Tappen. V.-I»rei
M. Jesup. i!d V.^re..
Beverly CheK^SecretS-l*
Oeonte p, Coaney, Assistant Secriui^,
^'
.
.
ChTriLMt
GeojLe H
ln„l
IT
K-\!i-
V,""^''''!,
'•
Pr'i'A,
P'«'*'»8.
PnJ^n
"""•
o;.„;J.T li'o
Wm^i Hin*""'
J^oS'n^.i'n^'er.on. Jr..
».30«,001t
CHARLES
George Von L. Meyer,
T.
Ricliard Olney,
JEFFERSON
C. 8.
Lucius M. Sargent,
Jolin I. Waterbury,
Henry C. Weston.
COOLIDGE, JR.,
President.
TUCKERMAN,
•
The
Secretary,
Loan
Merchants'
AND
Company Bank,
Trust
CHICAGO*
Corner Dearborn and WashlnKton Street
ESTABLISHED
1S37.
raptlal (paldin)
S'AQ»0,»0
1,3U0,0U
93,300,000
«
Snrplus and nndlTlded
profits...
W. DOANB. President.
P. L. YOB. Vice-President
ORSON SMITH. Second Vice-President.'
F. C. OSBORN. Cashier.
WILDER.
Assistant Cash er.
F. N.
J.
TRUSTEES.
MARSHALL
W. DO^NB.
1.. YOB.
GEO. M. PULLMAN.
FIELD.
J.
Mccormick.
JOHN DK KOVKN.
ALBERT KKBP.
JOHN TYRRKLL.
LAMBERT TRBB.
c.
H.
P.
.
B0RLBY.
WATKINS,
ERSKINK M. PHELPS.
A. H.
K. T.
ORSON SMITH.
Banking
Branches Transacted.
in all its
Travelers' Letters of Credit and Commercia,
Credits issued, available in principal cities throughout the wo. Id. CMb'e transfers made.
J. G. ORCHARD, Mgr. Forelun Dept.
Manhattan
Corner of
PAGE,
WaU and
CAPITAL.
Trust
Co.
Nassau
N. T.
Sts.,
S1,000,0«0
DlRECTOTti
Cannon,
N. Y.: ''mm
H. W.
F. O. French. N. Y.
R. J. Cross, N. Y.
H. L. Hlgginson, Boston.
"5
John
R. Ford, N. Y.
T. J. Coolidge, Jr., Bos. .,_
August Belmont. N. Y.
James O. Sheldon, N. Y.
A. S. Kosenbaum, N. Y.
B. 5. Randolph, N. Y.
C. C. Baldwin, N. Y.
Chas. F. Tag. N. Y.
Sam'l R. Shipley, Phila.
R. T. Wilson, N. Y.
Marshall Field, Chicago. J. I. Waterbury, N. Y.
H. O. Northcote, N. Y.
,
F. O. French, President.
J.
I.
Waterbury, V.-Pres.
A. T. French, Secretary and Treasurer.
ALLOWS INTEREST ON DEPOSITS. BXBCUTES TRUSTS OF EVERY DESCRIPTION
REGISTRAR AND TRANSFER AGENT.
IReal Estate
Xoan
8i 'G:ru8t Co,.
OF NEW.¥OBK.
Mutual
liire
Building,
30 Naaeau
St.
F. CLARK.
Vict-Preakient,
Secretary.
Sccretari/.
TR U S T P" E S
MiSSS"'
Da'vlrtV- ^.""ison,
New Vork.
_^
i,^^V9iS^M.
S. LOTT, ^mutonl
."i
Metropolitan Trust Co.
Francis L. lligginson,
Walter Huiinewell,
Howe,
William P. Mason
Laurence Minot,
Henry H. Keed,
Nathaniel Tliayer
Stephen M. Weld,
«30U,U0W
.
M. MORRISON,
(
7UM
Sl.OOO.OOO
}
I
Capital and Surplus exceedlnit S'.i,230,000
SICLKN. Secretary.
Designated as a legal
Supreme t<.urt. Receive
Brooklyn, N. Y.
I^J-t/^lJ-S:*
CAPITAL
DAVID
W. J. ArkeU.
.**'." »»'•««»
..'.T. t,"**-?"
«^«l'"a'
SSliii!'
Bai'PIUM
St.,
Anderson,
Martin Brimmer,
George F. Fabyan,
Jiilin F.
John
Foreign exchange bought and sold.
CAPITAL
SURPLUS
DaTilel A. Ileald.
(
VAN
Jno.McLaughlin,
A. M. Suydam,
Thos.F.Rowland.l Wm. F. Garrison, O. F. Richardson.
Ditmas Jewell,
A. D. Wheelock.
ROBERT B. ROOSEVELT. President.
JOHN D. VERMEULE. Vice-President*.
i„_ „
,
JOHN R. Pr.ANTKN,
OBO. W.
Joseph F. Knapp,
ijno. T. Willetts,
of the city of new york,
Stewakt Building, 280 Broadway.
Chas. P. Daly,
Geo. M. Van Hoesen,
William Hemsen,
Jobn D, Vermeule.
H. H. Rogers.
Transfer Agent. Reg
g^^j^p Qp DIRECTORS,
!
as Guardian. Receiver, Registrar, Transfer and
Financial Agent lor States, Cities. Towns. Railroads
and other corporations.
P. TOWNSEND, President.
T. BARNEY, Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
subject to
Aeent In Financial Trauitactlona.
Trustee under mortgages.
collaterals.
Will take enth-e charge of securities during absence or otherwise of owner.
Checks on this Company are payable through the
New York Clearing House.
A. D. WHBBLOCK, President.
balances
dally
check.
trator.
Fiscal
WILLIAM DICK,
JOHNTRUSLOW.
AVE., COR. '1»TH
Wm. D. Sloane.
Bliss.
Wm. Libbey.
Loans made on approved
Knickerbocker Trust
234 FIFTH
Wm.H. Macy.Jr.,
Geo. H. Warren.
Samuel Sloan.
James Low,
Deposits received subject to check at sight, and
intereMt allowed on the resulting daily balances.
Certificates of deposits Issued for time deposits,
on which special rateM will be allowed.
JntereHt coiiiineuceH from date of ileposit.
Authorized by law to act as Executor, Adminis-
Vice-Presidents.
JAMBS H. OGILVIB,
AUGUSTUS W. KELLEY. Secretary.
J. V. B. THAYBB, Assistant Secretary.
'
Anson
Clinton Gilbert.
Daniel D. Lord,
€AFITAI.
G. G. Williams,
E. B. Wesley.
C. D. Wood,
James T. Woodward.
KING, President.
WTiitewrlght.
Wilson G.Hunt, Jno. H. Rhoades. Wm.Rockefeller,
101 Broadwar, Brooklyn, N. V.
EXECUTIVE COMMITTEE.
.
INTEREST ALLOWED ON DEPOSITS,
OLD COLONY
TRUST COMPANY.
The Nassau Trust Co
Parker,
F. Barger,
Chauncy M. Depew.
Wm
a legal depository for moneys
authorized to act as guardian
is
^rttst ©om^jauies.
HENRY
O. G. Williams,
B. G. Remsen,
D. C. Hays,
Wm. Alex. Duer,
Charles H. Leland,
Edward King,
B. B. Wesley,
D. H. McAlpln,
€)«orge B. Carhart,
is
Frank Lyman.
Phelps, John C. Brown.
D. Willis James, Edward Cooper, Geo. F. Victor.
John A. Stewart, W. B'y'd Cutting. Wm. W. Astor.
Erastus Corning, Chas. S. Smith,
L. THORNBLL, Secretary.
LOUIS G. HAMPTON. Assistant Secretary.
James H. Ogllvie,
James T. Woodward,
Henry A. Kent,
Wm.
This company
paid into court, and
or trustee.
MANAGEMENT
KEAL
[Vol, LIll.
SSOCOOO
Capital
I
Surplne... .9230,000
'
P- C. Lo'unsbury.
Charles F. Clark,
lieOTge B. Hamlin,
Theo A. Havern*yer,
Seth E. Thonias"
Bonds of Uorporntlons and IndlvldualB
Lucius K. Wilmerdlng,
George A. Morrison,
secured by Moriaagies upon Heal Estate.
•'"seP*' C.
Baldwin,
This Company will act as Trnitee lor tbo
_^£i^°EuTii..
INTEREST ALLOWED ON DEPOSITS.
nieiral depository for
cJuiir a'iid"T?.Vi'. '5
to do an. „„, ' if "'"^' "J"" '" aathorlzed
done bt -r,^ . .*" ••her baalneas iKualiy
a^d .KndhT;,' ^'""'•»"'"' •«" re.poaalWUtJ
HENRY
H. H.
H.
C.
SWORDS.
CAMMANN,
President.
Vice-President.
W. RBIGHLEY,
TUOMAB
Secretary.
B. TBBRY,
^v^ Ketste Offieer,
@FedFRASER