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1
HUNT'S MERCHANTS' MAGAZINE.
RBPRESENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
VOL.
SATURDAY, AUGUST
61.
NO. U13.
23, 1890.
The satisfactory character of the current returns is more
clearly apparent when comparison is made with the like week
a year ago. The subjoined statement indicates that the gain
over 1889 in the aggregate for all the clearing houses is 15-5
Terms of Subscription— Payable in AdTance:
per cent, the increase at New York reaching 149 per cent.
$10 20
For Olio Year (iiicludiue postage)
do.
6 10
For 8lx Muiitbs
At but five cities are the figures below those of last year, and
11 50
EuroiH'iiii Huli.^criptioTi (iiictiKliu? poataKo)
in no instance is the decline heavy.
On the other hand, and
EiiropiMii Siibscriptidu Hix Moiitha (liicliulinir postage).
6 75
as for a long time past, there are a number of points at which
Auniial Subitrriptiou ill Lumluii (iucludiue postage)
£2 8s.
£108.
the percentages or increase are phenomenally large, Buffalo
BU Mus.
do.
do.
do.
These prices Include the Investoks' Supi'LEMEST, of 150 paares, and Duluth for instance recording gains of 158'8 and 113'3 per
Issued once In two inonths, and furnished without extra charge to cent, respectively, while at Sioux City the excess is 86-1 per
subscribers of the OiiRONictE.
66-4, Cleveland, 61-3; Fort
A die cover i.i fiirnislied at 50 cents; postage on the same is 18 cent; at Tacoma, 67; Memphis,
Worth, 60, and Chattanooga, 52-9 per cent.
Oeut«. Volumes bound for subscribers at $1 00.
Subscriptions will be coutimicd until delinitely ordered stopped. The
publishers cannot be resimnsible for remittances unless made by drafts
WUk Ending Aufutt 16.
TTeek Bnd'g Axtg. ».
or Post OIHoe uioncv orders.
%\xt (^hvoxxxcU.
Terms of Adrertisinsr.
Advertisements ordered for less than one mouth. In the Commercial
A FDiASCiAL CIIKONICLE, aic publislicd at 25 cents per line each inseitioD. When orders are delinitely given for one month or longer, a liberal discount is allowed, and the '<et prifCM may be obtained on application at the olBce. The lowest rates on permanent cards defluiK'ly ordered for one year are 8 cents per line each insertion, making $58 for
one Inch space one year. Space is measured In agate type— 1-1 lines to
(be Inch.
P. Cent
New Tork
titUet
London Aeenta:
Boston..
rrovidence...
Unrtford
New Haven...
The following table, made up by telegraph, etc., indieates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, August 23, have
been $1,133,363,380, against 11,104,054,887 last week and
1968,417,007 the corresponding week last year.
Wuk
Olulbikos.
ibtumj
t>v
TeU^apK
Snr York
1890.
Endint Auv- «3
1889.
67.898,000
16,948,9»6
6,208,471
$60$,226,23l
68,721,619
51,586.347
10,104,613
53,433,000
1$,469,462
4,320,300
BsTsn cities, 5 days
Other otUes, 6 days
$806.15<',3S9
$697,851,562
:24,012,7U
96,416,23'^
Total all clUes, S days..
AllolUes, 1 day
$930,163,070
203,100,310
$794,267,704
174,149,213
Boston
PtOlMlelphia
Baltimore
Chicago
8t.
11,049..-I91
Lows
Hsw Orleans
Total
all
t569,13».420
76.818,481
6»,091,5S7
clUee tor week...
tl, 1^8,203, 380
Tlie full details of clearings for the
$968,417,007
(Percent.
-t-12
8
-h30-8
-fl4-3
(122,H0l))
(-24-31
(-33-8)
bushels.)
(12,4h0,5;0.
(-1-24 I,
bbU.)
(9.81.8,000}
(— 7M-B)
73,813.928
4,352.900
1.419.758
•fI7
Worcester
Portland
—6-6
99^,44-1
•fl-4
—W
Bedford.
New
l.\8:t.5.-6
91 -.,728
-f22-3
718.«>W
331,477 _l-li-2
Ijowell
New
93,S12..'49
-t-8-V
-1-16 »
-(-17 4
l.OJCJfSrt
Englaod..
(53.niiO.025 (-I-3H601
(1,744.000) 1-74-9)
•fSll
-a-s
4.1S9.300
2.0>i.7a)
1.28n.l85
-fas-*
-i-ia-8
1.25:1.138
-1-134
1.073.656
1.152.534
-1-18-4
689.89.!
-I-14-8
405.S4S
-H9-1
81.885,853
-I-15-8
105.470,128
-1-19-5
Philadelphia
Ptttsburg
60.404.808
10,761.362
-H-3
-t-24-o
83.197.34X
U.3i:0.SU4
BalMmore
-f25 1
12.8^)9.974
-I-4-4
1:<,224.850
-l-iJO-8
2,82w.976
-flSe-B
7,465,BM«
1,686.789
79D.I9B
Buffalo
Waahington
1(77.331
-l-48"«
Syracuiie
648,3 14
677,681
-I-IOS
-rio-j
Wilmington, Del..
Rochester*
-I-5-9
-1-1
744,8.53
-I-1-8
IWS.tSj
Total Middle..
1110,130,170
89,223.069
-(-12-2
Chicago
78.397.705
-I-17-8
Cincinnati
11,I';4.UOO
64,837,898
9.B66.100
Uilwuukee
4.54'.i.448
Detroit
6.a08.aii
7,4i3.537
Cleveland
ColuEUbas
B.ti34.24e
2.41!2.40U
5.1ii6.1l3
3.1Uli,496
2.225.3U0
101. 437,2!
-1-29-8
-HB-8
-f43 3
7,eil8.S05
64-:
-I-1-388
•f27-8
+U-t
7.U1,831
-)-6l-3
4,518.030
2.831.000
1,972,980
1.674.601
790,s02
1,848,306
-(-ft*W
i.aan.^as
l.t)3o.62u
PeorU
-I-20-2
1,B;«<.0»»
l,411.2n2
i-l»-l
71S,1U9
634,039
-(-12-8
113,910,016
93,600.836
-t-ars
120,001,3111
20.6^3,5*6
1,H71."87
497.9.0
18.001.950
-1-139
1-32-n
58I.1U
—143
9;2.i0:i
1,0^8.1111
&8d,;i9U
-I-87-0
17.250.928
1, IM.BS5
577.149
921,623
Toledo*
-1-15-2
82,583.887
i:.915.05u
ludlanupolls
llrand Kaplds....
18-6
+67-1
+12-2
l,581.i)»U
-t-23-8
-)-25-6
-^18•4
-1-18-5
-t-2a-3
49-8
-f29-5
-4-9
6
-^206
-hl5-6
-(-28
6
-H7-1
Total Middle Western
San Francisco....
Portland
Loi Angeles
Tacoma
Seattle*
Salt
Lake
1,!S«0.9V7
1,623.475
Clty».,
Total Paoiflo..
20,428,358
Kansas City.,
9,730,010
8.47(,«6.'>
-1-170
Minneapolis..
6.V45.14II
3.796.S74
4.444,144
4.081.643
S.6i8,nl3
1.012,754
l,2>;,9iS
693,9:0
447.448
week covered by
the
St.
Paul
3.8^0.202
5.040.07W
4,.5u,i87
U, 159,577
1,53«,0«1
DanTSr
Ualnth
St.
Joseph...,
Wichita'
JloaiClty...
Dee Moines..
8ei,71t7
83^,517
62e.4U7
-1-30^
-t-t8-6
— ll-O
-1-2
-(-ioe-8
1,180.032
l,4ue,606
-fl6-6
above statement-will be given next Saturday. We cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
In all cases estimated, as we go to press Friday night.
Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
noon Auifust 18, with the comparative totals in 1889.
A small increase in the aggregate deaUngs on the New
York Stock Exchange accounts in part for the addition to
clearings at the city during the week. The total for aU other
cities, however, exhibits a falling off, so that
the gain in the
whole country compared with the preceding week reaches
only $6,092,293. Transactions on the Produce Exchange continue of large volume, but in cotton and
oil operations are
rather small.
+131
(010,919)
(-26-71
SprinjEdeld....
Total
CLEARING HOUSE RETURNS.
668,109,105
l-t-2-8)
(286.iH)01
XOotton
Messrs. Bdwasds 4 Smith, 1 Drapers' Gardens, E. C, will take sub
crtptions and advertisements and supply single copies of the paper at
Is. each.
WTLiiAM R n»vi ("WIEiHAM B. n.ANA Sc Co., Publlabers,
»<>* William Street,
o FLOYD.
FLOTD
1
JOHN O.
p^^^ OFFICE faox 938
f
NEW YOKK.
-H4-9
,917,728)
tMUt.)
ol—
i^toekJ
(era<n
(Petroleum
P. Cmt.
1890.
(hares.)
600,525,336
,
462,1)02
'
•fl5-8
20,369,38}
-I-13-5
-(-14-9
10,037.198
-1-14-S
-i-32-9
6,29:].8»1
-HSl-8
-f46-0
16-8
-I-
—12-7
-.7-7
-1-29
9
•fU.i-3
-t-i:2-4
-r2r7
-f-06-l
6.219,623
5.207,140
5.431.596
2,136.013
1,702.506
866.0U9
64 7.64V
-h20-6
-K09-4
-ha97
-t-18«
-t-84-1
-^^3•9
^-39•6
5,..5.729
-3-4
578.041
+»1
I.lacoln
53U,tl62
3M.;61
Topeka
833,91
378,104
-11-9
357,70,>
-9-8
36.250,045
29,694,803
-1-187
39.262,040
rsi-n
20.716.7^2
18,971.596
5,151,331
«,357,lta
l.«?7,8ia
-t-9-2
22,104,120
6,639.061
7.497.128
1.667.860
2.2a9.tl4
-1-21-8
Total other Western.
St.
Lonls
New
Orleans....
Loutsvllie
Memphis........
Rtoliaiond
Uatveston.......
Dallas
5,92S.4(J«
e,u;4.6 12
2,29^,17!
Fort Worth
.Sorfolk
i-exinKton
Chattanoosa
illrmlmrham...
,
NashTlUe*
-H6-1
-t9-7
-H16-4
2.147.9.)2
1,8M.918
t17-o1
7UU.976
861 5S8
«32.MI4
a»),U8i
409,231
T0S.1C0
595.270
».37»,«»7
641.996
911.514
395,026
507.710
-i-ai-o'
-i-ii-i-
388,1197
4-23-6
-t-n-1
460.000
-t52U
545,v47|
-flO-l
-tl2-l
-HS-7
6
— 19
1J6
-I-
7,<l,724
1,1<0.048
bOM.3 5
; 15.912
431.JWO'
904.0001
714 412!
S,456.041i
-f33-7
-t-65-1
-1-477
t82
'
Total Southern...
Total
all
Oauidt :<ew fork..
*Notlnalaaed Id
4«.787,97«
87,645,491
U04.054.8e7
965.801,786
14.061 ."24
S56 27^ 4001
4
totals.
-1-14
~i4,6»3,«»4
H-IS! 1W».9«2,6»4
v*y H^3
*«<»'
-fl7-8
-H88
"XTTvi
THE CHRONICLR
220
[Vol. LI.
the Superintendent at Philadelphia to make advances
but we have not
silver bars as soon as received
applies to the other points
order
at
this
and
whether
learned
stringent
been
The market for money has
Last Saturday's bank of delivery. At all events, up to this time the certifitimes demoralized this week.
Clearing House insti- cates issued on purchases of bullion have made but
the
that
fact
the
return revealed
upon the money market.
tutions as a whole were $655,725 below the limit of 25 slight impression
by bankers' balances, the exrepresented
So far as
per cent reserve to liabilities and that four of the larger
week have been 3 and 189
this
money
the
call
tremes for
banks held $2,822,400 surplus, indicating that
say how much money was
to
difficult
It
is
cent.
Consequently,
per
others were in no condition to loan.
but it is probable that few
figures,
highest
Stock
at
the
loaned
the
at
early in the week the demand for money
Renewals were made at
rates.
these
that
obtained
lenders
evident
it
make
to
Exchange became so urgent as
Thursday and Friday,
Wednesday,
on
Naturally
per
cent
15
to
25
demand.
the
to
inadequate
the supply was
THE FINANCIAL SITUATION.
on
;
every one looked to the Treasury for relief. Tuesday, and no doubt considerable amounts were loaned the last
on that day. Secretary Windom two days at from 25 to 50 per cent. It is likely that
issued a circular announcing that the department would the average for the week was not far from 25 per cent.
redeem at par 15 millions of the 4^ per cent bonds with Banks and trust companies are quoting 6 per cent as
interest to and including May 31, 1891, upon presentation the minimum, quite a number of them never taking
after the close of business
on or before the 30th day of August. This proposal
tended for a time on Wednesday to remove the disquietude, but later in the day it was seen that the
offerings of bonds would be comparatively small, and
it was then felt that something more effective would
anything beyond the legal rate, while some have obtained 8 per cent and higher. Of course in such a con
dition of the market little or nothing is done in time
Those who have money to lend prefer to use it
and borrowers do
not care to make engagements at rates which may be
have to be done before relief could be obtained.
On Thursday the situation was almost beyond parallel. regarded as very high later in the season, for everyone
On Wednesday the highest point reached on call had naturally looks for speedy relief. Quotations for combeen 35 per cent, but on Thursday money was mercial paper are also entirely nominal.
bid up to i of 1 per cent commission and interest,
Bates for money in London are lower. The Bank of
or say at the rate of 189 per cent, and during England minimum was reduced on Thursday to 4 per
the entire day there was great feverishness and anxiety, cent from 5 per cent, at which it had stood since July 31,
even down to the close of business. It was now evident The cable reports discounts of sixty to ninety-day bank
that something further must be done, and at once, to bills in London at Z\ per cent.
No doubt the drop in
restore confidence; so late in the afternoon Secretary the official minimum was owing primarily to the better
Windom issued a new order rescinding the one above condition of the Bank. Last week, it will be rememreferred to, and offering to redeem at par 4^ per cent bered, the gain in bullion was a net of £1,465,201, the
bonds to an amount not exceeding 20 million dollars, total net import being £1,580,000. This week the net
and immediately after September 1 to prepay without gain reported is £566,000 this, as we are advised by
rebate all the interest on said bonds to and including special cable to us, was due to imports from miscellaneAugust 31, 1891. It was explained at the Treasury ous sources and " bought " in the open market of
Department that the slight delay in making the pre- £475,000, to receipts from the interior of Great Britain
payment of interest on the twenty millions of bonds was of £191,000, and to exports to the Argentine Republic
made necessary by the fact that the law does not and Portugal of £100,000. The Bank of England now
permit the anticipation of more than one year's interest. holds £22,653,225 bullion, against £21,141,902 at the
loans.
in the call loan branch of the market,
;
The new
therefore virtually gives to the bond-
same time a year ago. The open market rate at Paris is
they can get, principal and interest, 2^ per cent, and at Berlin and Frankfort it is 3 per cent.
when the bonds fall due the first of September, 1891,
Our foreign exchange market as a matter of course
and consequently would seem to be a sufficient in- has been greatly unsettled this week by the activity in
ducement to bring in the bonds at once. Yesterday, money. On Tuesday Brown Brothers & Co. posted
however, the feverishness in the money market con- 4 84 for long and 4 88 for short, and this reduction
tinued, the rate for call money reaching as high as 141 was followed by the other drawers.
On Thursday
offer
holders to-day
all
per cent about noon; but in the afternoon under quite
Kidder, Peabody & Co. reduced the sight rate to 4 87^
bonds and prompt payments for the and the long rate to 4 83^; the Bank of Montreal also
same (the Assistant Treasurer here alone having paid posted sight rate at 4 87^, and the Bank of British
liberal offerings of
for over 1 J million dollars before the end^of business),
the rate declined sharply, transactions at the close
being made as low as 3 per cent.
Some disappointment has been
felt
because the cur-
North America posted 4 83^
for long
and 4 87
for short.
The
rates for actual business not only for sterling but
for
francs
so
and
demoralized
other Continental exchanges
Thursday
afternoon
that
no
were
accu-
rency payments for Mint purchases of silver bullion rate
quotations could be made, and dealings were
do not got into the banks until long after the day of at irregular figures.
Yesterday the nominal rates
purchase. This has arisen partly because the deliveries
were
further reduced.
Brown Brothers & Co.
are tardy, partly because in a majority of
cases quoting 4 87^ for short and 4 83| for long, the
the bullion has been accepted subject to examination
Bank of British North America 4 83^ and 4 87, the
by assay, and partly because the bullion is not all
Bank of Montreal 4 83 and 4 86| and Kidder, Peabody
deposited at New York, and when it is not
the & Co. 4 8.3| and 4 87^.
In the afternoon, under easier
superintendent at the point of delivery pays
for money, the market was steadier, and the Bank of Monthe same by a check upon the United
States treal advanced to 4 83^ and 4 87. Bankers have been makAssistant Treasurer at New York,'and that official
fur- ing sterling loans to brokers against stocks and these billf
nishes the new Treasury notes. This delay will,
at least have been sold at large concessions.
Of course so long
in one particular, be relieved hereafter,
for the Director
o* the Mint issued an order
Thursdav authorizing
as
money continues
will
active the demand for remittance
be light and the market for bills narrow.
,J
:
AOOCBT
The
THE CHRONICLK
38, 1890.J
Our industrade aituation remains uuchanged.
and the volume of busi-
tries are in a state of activity,
quarter,
it will
221
be seen, have risen from $3,650,116 to
$4,303,350, or over $653,000, while the
net
is
up
to
$1,810,162 from $1,515,038. The Philadelphia & Readthan
ten
days
ago,
ing is another illustration of the same kind.
For the
the outlook is possibly a little better
months
June
30
gross
earnings
is
believed
six
to
are
which
it
did
rain
$9,661,527,
many sections having had
not come too late to do some good. In any event, how- against $8,469,870, and net $3,888,985, against $3,097,ness continues large.
As
far as crops are concerned,
wheat and oats will be short,
have to rely on last season's surplus to help
In the
us out, this surplus being fortunately large.
anthracite coal trade the prospect is regarded as somewhat more encouraging, as the companies seem more
disposed to live up to the policy of restricting producFor the week ending August 16 the amount of
tion.
coal mined was 47,371 tons less than in the correspondOf this reduction 45,119 tons
ing period last year.
ever, the yield of corn,
707, while the operations of the Coal
and we
also
shall
&
Iron
Company
show very decided improvement. The Central oi
New Jersey, on the other hand, appears to be an exception to the rule, though only in very small degree.
Gross earnings show a slight increase both for the
month of June and the six months ending with June,
but net stands at ^$551,744 against $564,674 for the
month, and $2,400,367 against $2,529,925 for the halfyear.
Outside of the coal roads the most prominent feature in the current returns of earnings is still the great
claimed, that the policy of restriction had been pre- increase in expenses which appears in so many cases.
The Baltimore & Ohio report for July has been issued
viously disregarded.
It is interesting to note that while the results of this week, and with gross increased $105,055, net has
occurred in the Schuylkill region alone, and is therefore
the more noteworthy, since it was in that region, as
operations can hardly have been
most of the anthracite companies, the
results from their railroad business are proving decidedly better than a year ago. Evidence of this fact is
furnished in the returns for the quarter ending June
30, a number of which were filed with the Eailroad
Commissioners at Albany the present week. The
tbeir coal-mining
satisfactory to
leased
lines
in
New York
Lackawanna
of the
consti-
most prominent of these, and there we find
tute the
months
declined $50,869, owing to an augmentation of $155,924
The
in expenses.
Illinois Central for the
same month
has increased its gross $3,735, but diminished its net
Then
$121,848, expenses having increased $134,583.
we have had this week the quarterly statements to
Lake Shore & Michigan Southern and
(New York Chicago & St. Louis),
which reveal the same tendency. The Nickel Plate, as
compared with the quarter ended June 30, 1889, has
June 30
of the
the Nickel Plate
in
increased gross from $1,033,748 to $1,319,211, but net
the corresponding
only from $236,685 to $369,985, expenses having been
period of 1889, and net earnings of 81,003,014, against
added to in the sum of $353,163. The Lake Shore
actually shows lower net than in the corresponding
quarter of 1889 (the figures being $1,569,074 against
$1,633,480), though the gross was enlarged no less than
We have many times set out the reasons for
$411,075.
this enhancement of operating cost. In the first place,
the roads are doing a much heavier business in the
second place, rates are low and the margin of profit
small, and in the third place managers are taking advantage of the existing period of prosperity to put
their properties in good condition through extra repairs
and renewals.
Of course there are a good many roads which submit
very favorable statements of net, and among these
some of the Southern roads are quite prominent. The
Richmond & Danville system for June reports net of
gross earnings of $2,106,243 for the three
1890, against only 11,785,057
in
The improvement in the latter case is
almost 25 per cent. The coal business last year was
poor, 80 it may be thought that the present gains mark
$807,750.
simply a recovery of what was lost then. But the
gross earnings of the Lackawanna lines in that quarter
of 1889 had shown only a trifling falling off, while the
net actually had been a little better than for the corre-
sponding period of 1888. The Syracuse Binghamton
& New York is another road controlled by the Lackawanna, though its operations are reported separately.
The figures in that case are much smaller, but both gross
and net show gains. The Delaware & Hudson lines
tell the same story.
Thus the Albany & Susquehanna
reports gross of $921,308, against $826,550; the Rensselaer & Saratoga $694,481, against $572,324, and the
;
New York &
Canada $334,378, against $226,076. It $136,134, against $57,456 last year; the Cincinnati
be observed that the ratio of increase is quite New Orleans & Texas Pacific, $123,000, against $75,000;
heavy. The net of the Albany & Susquehanna, owing the New Orleans & Northeastern, $29,000, against
will
to heavier expenses,
is slightly less than for the quarter $3,824
(some of the minor roads in the Erlanger
in 1889, standing at $304,243, against $321,771 ; but on system show losses); the Georgia Eailroad, $41,552,
the Rensselaer & Saratoga and the New York & Canada against $10,431; the South Carolina, $21,910, against
there is quite a gain, the net being $266,940 against $5,005; the Chesapeake & Ohio, $61,016, against $25,-
$195,876 for the one, and $115,492 against $70,941 for 969; the Elizabethtown Lexington & Big Sandy, $25,I-t will be instructive to have the combined
683, against $14,659; the Kentucky Central, $39,078,
results for these various lines in the Lackawanna and against $31,853; the Georgia Southern & Florida, $22,-
the other.
Delaware
& Hudson
systems, so
we have prepared the
following
QnARTER ESDISO jrUE
536, against $11,242; the Petersburg, $18,792, against
$3,162; the
Shenandoah Valley, $16,825, against
$3,-
30.
713, &c., &c.
Orou Eamin^t.
1890.
I
1889.
(.,
Optra) Ing Ejspenta
1890.
I
Del. Lack.
SrrBtag.
AW...
k N.Y.
Albany & 9n»q....
ReuM.
N. T.
»
2,10e,3«3
t
I
1.78»,057
24e.M0l
240.109
921.808
aee.sso
Sar
091.181
& Canada.
334.378;
i,
Total.,
4.303.3S0
1889.
t
1,103.220
120.466
Set E*min(fs.
1890.
$
977,307
121.409
504,779
1889.
f
617,006
427,641
218,886
376,448
165,136
266,940
116,492
807,760
118,700
881,771
195,876
70.941
3,650.116' 2.493.188
2.135.078
1.810.162
1.615.038
572.3S1
228,070
1.003,014{
120,474
8U4.24!i
This gives a better idea of the aggregate extent of
the gain on these coal roads.
Gross earnings for the
Since the absorption of the Chicago Burlington &
& Quincy the monthly
Northern by the Burlington
reports of earnings of the road have been discontinued.
are able to present, however, the following comJune and the first six months.
^-Jan. 1 to June 30.—.
June.
1890.
1889.
1889.
CMe. BuH. a yorth.- 1890.
We
parative statement for
,
,
Gro8»oarnlng8
fl49,107
95,906
Operating expenses...
$141,861
101,060
«908,476
589,935
«932,296
593,595
$53,201
*4O,801
$313,541
$338,700
Ket earnings
—
.
IHE CHRONICLE.
222
and net earnings
For the half-year both gross
[Vol. LI,
fall
period in
slightly behind those of the corresponding
the net
1889, bat for Jane both show improvement,
jtanding at |!53,'201, against $40,801.
market
It is almost needless to say that our stock
debeen
hare
has been quite excited, and that prices
showing
statement
bank
With the
pressed and lower.
the banks to be below the legal reserve, with money on
an
call quoted at 189 per cent a year, with threats of
OUR SUBSTITUTES FOE MONEY.
Pacts set out in our "Financial Situation" of to-day
become quite suggestive when brought together so as
to reveal their
They help
relationship.
to disclose the
and have been in recent years, so
reason why we
dependent each fall upon new issues of currency by
the Treasury Department for effecting crop and trade
movements.
Money in London this week has ruled at about 3^^
are,
extension of the New York Central strike so as to intolve all the Vanderbilt lines under such conditions, per cent, closing yesterday for the discount of sixty to
and operators for lower prices alert to press their ad- ninety-day bank bills at 3J per cent.
Money in New York this week has ruled on call at
vantage, there could be but one outcome, namely severe
—
depression and a great shrinkage in values. No class
of stocks escaped from the efifects of these influences,
in most cases the fall in prices being very heavy,
an average of 35 per cent, large amounts having been
loaned at 50 per cent; last week the average was 10 per
Commercial paper has been practically unsalable
cent.
and yet fluctuations both up and down have at any price either week.
being
market
the
sudden,
and
wide
London at present is about six days off from New
been
The two
Tery sensitive and easily responding to the promise of York by steam and six minutes by cable.
There was a financial centres are therefore next-door neighbors.
easier money or reports to that effect.
decided recovery on the announcement of the first offer More than that, commerce has made them one, tying
of the Secretary to buy 4^ per cent bonds, and again them together so closely that the floating capital of
yesterday on the announcement of the second offer. London cannot help moving to New York when by so
Some favorable news bearing on the actual value of doing it secures the opportunity to earn more than it
Water would run down hill
stocks, such as the restoration of rates to Texas points can earn staying at home.
and the advance to go into effect next Monday in the no more surely than capital, if unobstructed, would
West, has not attracted much attention in view of the flow here with this inequality, or even a much smaller
OTershadowing importance for the time being of the inequality, in interest rates prevailing. Any foreign
monetary situation.
banker will confirm what we have said.
The following gives the week's movements of money to
It follows from the foregoing, that were it not for the
and from the interior by the New York banks.
existence of barriers which have hindered such a
WUk
Ending August
Received by Shipped by
N.T. Banks. N.T.Bankt.
23, 1890.
Movement.
$2,396,000
$2,701,000
1,200,000
$2,396,000
$3,804,000 Loss. $1,508,000
Ooia
Total gold and leKAl t«n4era
Net Interior
With the Sub-Treasury operations the result
Wuk
Out of
Bankt.
Into
Ending Aug^ist 22, 1890.
BanJcM.
Bankslnterior movement, as above
Sub-Treasury operations
Net Change in
Bank
Holdi7ig$.
$3,901,000|LOHS. $1,60S,00«
13,200,000, Loss.
400,000
$2,396,000
12,800,000
$15,196,000 $17,104 ,0001 Loss. $1,908,000
Total gold and legal tenders
The
is:
following table indicates the
amount
of
bullion
in the principal European banks this week, and at the
corresponding date last year.
Augutt
August
21, 1880.
22. 1889.
Bonlct 0/
SUvtr.
Oold.
£
Bncland
France
Oennanr
j
Gold.
S
£
£
22,853.225
22,B53.225
*
Total.
52.668.000 50,757,000 103.426.000
27.612,667 13.766,333 41,269.000
AnBt..HQng*7-
4.476.000 16.536.000
21,011,000
Netherlands..
Kat. Belgium'
4.808.00o| 5,338.000
10.186.000
8.833.000
1,412,000
4,235.000
Silver.
7otai.
It
21.141.902
21.141.902
53,048.000 50,387,000 103,135,000
29,220,000 14.610.000 43,830,000
5,433.00015.810.000 81,273.000
5,539.000| 6,496.000
2,601,000
12,035.000
1,301,000
3,902,000
Tot. this week 114.93H.t 92 87.819,333 202,759.225 116.982,902 88.634.000 205.6ie.90S
y*
•'for w't. 115.271.127 87.085.3.33 203.256.460 116,762.828
88,771,667 205,534,195
The Assay
Oflice paid $446,701 through the SubTreasury for domestic bullion during the week, and the
Assistant Treasurer received the following from the
Custom House.
OtmsiitiHg
JktU.
Aii«.15.
" 16.
W75,683 58
«75
525
435
U.S.
Notu,
18.
19.
20.
21.
221,819 02
546,615 05
737,03.1 18
746,203 82
318,130 89
1,425
830
465
$10,100
7,650
11,950
33,000
24,400
10,500
Total.
»3,245.4 8T 54
53,755
$97,600
"
"
"
"
of—
Qold
Silver Otr-
Oerlifle't.
lificateB.
$39,800
36,630
84,770
60,400
87,850
57,780
$5,550
4,050
5,950
9,200
9,000
5,400
$367,230
$40,050
Included in the above payments were
11,584 in
win, and $2,735,437 in checks drawn
silver
against gold
deposited in the Sub-Treasury,
and $800 in
»ry notes.
new Treas-
sterling of gold (equal, say,
which the Treasury has
been trying so hard to get out) would be as nothing
compared with the millions of English capital that
would be at the command of our industries.
In the light of such facts, is it not worth while to
Here is a source of
inquire what are these barriers.
supply from which, in any healthy condition of our
trade and finances, we ought to be able to obtain all
the currency needed to keep our money market quite
close to the current markets in Europe, and this supply
is only six days distant.
Yet money, not now alone,
for
weeks
together,
but
keeps up to 10 per cent and
higher, interfering with legitimate business of every
kind, and this is all happening while we stand just in
sight of piles of capital anxiously waiting for a chance
to be invested at say 5 per cent or less and going around
the world to find the opportunity.
We know no place better than Wall Street to find out
the cause for this anomaly.
There are a great many
houses there that loan foreign money.
Suppose one of
our Southern or Western friends who thinks that the
only thing needed to make floating capital abundant
is for the Government to stamp paper or metal with
"legal tender" suppose such a friend should accompany
—
us, for the sake of the
/>U«M.
Sold.
movement, three millions
to the 15 millions of dollars
information to be gained, while
we endeavor to obtain a loan from one of these firms.
We find money plenty of it and as we offer good
But
security there is no objection made on that score.
—
;
read the contract the borrower
not one soon find out what
is
is
obliged to sign.
Does
the chief fear that
obstructing the free flow of capital.
is
The agreement
presented for the borrower's signature reads that the
principal and interest must be paid in "gold." If one
refuses to
make
money
not obtainable.
that engagement, the alternative
is,
the
Obviously that single fact
says as plainly as words can say it, we like your security but we are afraid of your currency.
is
AC0C8T
23,
THE CHRONICLK
VW).]
228
Some may claim that this word "gold" in the agree- default was the result of a long series of accidents and
ment is no now thing ; it was not put there this full. calamities, such as earthquakes, floods, cyclones, &c.
That is true. The same word was in the agreement besides which extra expenses were incurred in changThat admission, however, ing the gauge, and at the same time rates on traffic
last joar, and oven before.
all of which misfortunes combined
It onlj steadily declined
does not relievo the situation in the least.
shows that the foar has existed months back, and that the company was unable in its then financial condithe mind of the foreign capitalist was a year ago, and tion to withstand.
The situation of the property just before the appointnow is, in just that suspicious state when distrust
ment
of the receiver may bo judged from the fact that
easily.
increases
Taking that as the starting point then, note whether while the company was carrying quite a large floating
there are not now in this same line any new sources of debt for a corporation of its size, net earnings for the
Ask the first person you may meet twelve months ending June 30, 1889, had been only
anxiety developing.
of any financial experience and of mature years on the $270,195, and this without allowing for taxes, which
Will he not tell you that nothing could when taken out reduced the actual amount of the net
Street to-day.
—
be better adapted for developing anxiety than this wild
senseless speculation in silver now in progress?
Of
and
to only $216,702.
called
Interest on the
for $293,980,
and
total
consols
first
interest
alone
requirements
(not counting anything of course for the incomes)
it is an undertaking easy enough to engineer
through the earlier stages of its progress, but no one were $407,577. In other words, net earnings fell about
can be deceived in either Europe or America as to its 50 per cent short of meeting the full obligatory charges.
A rise from 42d. per ounce to But during the last twelve months, according to special
lack of permanency.
5-td. per ounce in the short time which has elapsed figures obtained by us, net earnings were $446,773,
between the dates of those quotations marks the whole against only $270,195 in'the twelve months preceding.
proceeding as a speculative venture. It will not reas- The change is so decided that it will be worth while to
Following is a table
sure Europe, but, on the contrary, it stimulates their see how it was brought about.
fears; and, more than that, it can but force them to covering the operations of the last four years.
Twelve Monlht ending June 30.
hold off from taking any part in a moviement so purely
course
.
.
1890.
illegitimate.
But what we had
affair
is
chiefly
in
mind
a world-wide, self-advertised
was, that this
announcement
the weakness existing in our currency.
We
of
may, to be
South Carolina R'way.
Grosa earnings
Operating expenses
Net earnhiKS
1889.
1887.
1888.
$
$
1,256,587
853,141
1,131,203
973,989
1,279,692
1,009,197
446,773
270,195
403,446
236,371
$
1,420,762
$
894,832
from Europe when money goes up to 100
to 300 per cent; so does Buenos Ayres in the day of its
deepest adversity. That does not affect the point we
have been suggesting. What we desire to enforce is
This shows that the difficulty in the years preceding
did not follow from alack of growth in gross earnings,
for there was an increase in both 1888 and 1889, but
accompanied with a heavy augmentation in expenses,
In 1890,
that a vicious currency is putting us out of the easy which cut net results down to small figures.
reach of European capital. Hence it is that we have however, under Receiver Chamberlain's management,
to go to Treasury vaults for relief at each recurring the increase in expenses was checked, while the growth
in gross earnings was more decided than before.
It is
crop movement.
important to note that while expenses were reduced,
yet the total for 1890 is only $35,508 below the heavy
sure, get gold
THE SOUTH CAROLINA RAILWAY.
aggregate of the year preceding.
But
this
saving of
when
$35,508, coming coincidently with an increase of $141,.
placed in receivers' hands to show increasing expenses
and declining net earnings. The South Carolina Eailway, under Receiver Chamberlain's management,
070 in gross earnings, has raised the net, as already
If
stated, from $270,195 in 1889 to $446,773 in 1890.
from the latter we deduct say $54,000 for taxes (the
seems to be proving a notable exception to the
actual
It is the usual
course for railroad properties
amount paid in the previous year was $53,493),
we have remaining net of about $392,000. Full 6 per
cent interest on the 1st and 2d consolidated mortgages,
as well as the small amount of prior liens outstanding,
calls for $374,394, so that the $393,000 net would be
more than sufficient to meet the amount. But allowance must also be made for interest on the floating
debt, which has been a rising item for some years, and
in 1889 called for $35,330.
With this or a somewhat
larger amount taken into account there would be a
deficit.
But the deficit would be small in anj
striking gains.
event, and the change from the previous year would
The South Carolina Railway has passed through a still be very decided a change from net earnings in
great many vicissitudes.
It is a small road, but one of 1889 not sufficient to meet the interest, on the lit
rule.
For not only are the road's gross receipts steadily
increasing, in common with other Southern properties,
but the receiver appears to have found it possible also
to reduce expenses, making a very decided improvement in net revenues. A few weeks ago we gave
the results for the five months from January 1 to May
31, showing gross earnings of $611,589 for 1890, against
1550,266 for 1889, and net of $224,693, against
$121,482.
Now we have the figures for June and
the twelve months ending June 30, showing equally
—
the very oldest roads in the country.
Its charter dates
back to 1827, and the main line from Charleston, S.C.,
to Augusta, Oa., was in operation as early as 1833.
Before the war the road was very prosperous and paid
high dividends. After the war its fortunes wavered
mortgage bonds to net earnings in 1890 almost sufficient
to meet obligatory interest of all kinds.
One result of the improvement is seen in the announcement made last week by the receiver that he wag
ready to pay all interest maturing up to and including
(the road having practically to be rebuilt) and finally
July 1, 1890, on bonds prior in lien to the first consols.
it went to default and in
1881 was sold under fore- This will not require much money, as the amount of
closure sale and reorganized.
On January 1, 1889, it such prior liens is small. But the receiver also recently
again defaulted on its obligations, and last October
paid one of the back coupons on the first consols that
Mr. Chamberlain was appointed receiver. This last
of April, 1889.
What effect the improvement will
—
a
THE CHRONICLE.
224
[Vou LL
inspiration of the moment, made a speech.
it is of the
have on the reorganization of the property
he was thinking of the possible evils which
Whether
default
in
course difficult to say. Two coupons remain
from the meeting of Czar and Kaiser, and
might
result
mortgage
on the l8t consols and four on the second
vision
of the future an evil combination, and a
his
saw
in
are
There
small.
bonds, whose amount, however, is
such a combination and such a scheme
scheme
wicked
harmonized.
be
to
conflicting interests which will have
as would put Austria and Germany into opposite and
ago,
year
a
about
submitted
A reorganization plan was
we are not told; but as if guided by some
hostile camps
but apparently did not satisfy any of the contending
"proclaimed the union of all Germanhe
genius,
happy
First mortgage bondholders opposed it
factions.
in
peace or on the battle-field." The
races,
speaking
reduced
because they objected to having their interest
The immense assembly gave
tremendous.
effect
was
their
from 6 per cent to 5 per cent; they considered
enthusiasm,
in the midst of which
wildest
way
to
the
they
run
and as it has till 1920 to
—
—
bond perfectly good,
naturally would prefer
remain undisturbed. an Austrian archduke descended from the imperial box
the excitement by re-echoing the senThe receiver is understood to have been appointed in and intensified
promising
to report the words which had
timent,
and
securities
junior
hand,
other
On the
their interest.
It is not possible,
fitly spoken to the Emperor.
been
so
the
in
either,
favored,
especially
been
have
do not seem to
willing as one might be to do so, to treat such a demonpreget
to
were
bondholders
mortgaa:e
Second
plan.
It had a meaning
stration as an ordinary affair.
ferred stock, income bonds were to be exchanged into
significance.
common stock and pay one per cent assessment, while deep
We are disposed to look at the Bulgarian question in
the present stock was to be exchanged for 60 per cent
the
light which is thrown upon it from Nerva on the
a
As
of its amount and pay 10 per cent assessment.
one
hand and from the Festhalle at Vienna on the
the
devised,
to
be
new scheme will evidently have
other.
To the London Times, which has been steadily
to
easier
make
it
may
disclosed
improved results now
of the Bulgarian difficulty, and which has
watchful
to
all.
satisfactory
terms
propose
been as sympathetic as watchful, we are indebted for
whatever of fact is here stated. Prime Minister StamCZAR. buloft who has openly declared within the last few
KAISER
UNSETTLED
Some of our recent items of news from various weeks that he continues to hold office because he is
parts of Europe have been of a character well fitted to resolved to have Prince Ferdinand recognized as King,
disclose the complicated nature of the foundations on and that he will be willing to retire as soon as this, his
which the peace of Europe now rests. The Balkan purpose, is accomplished has been endeavoring to
countries, the apple of discord, are as far as ever from a bring about a treaty of alliance between Bulgaria and
settled condition; and it is difficult to resist the con- Turkey
and not wholly without effect. The three
to see
it
—
AND
EUROPE—
—
—
—
viction that
new complications
are arising in those
regions.
Servia
following conditions form the basis of that treaty
:
The Porte would sanction the election of Prince Ferdinand and bind itself to protect the independence of Bulgaria by
all the means diplomatical and military at its disposal.
3. Bulgarian dioceses would be established in all the Macedonian districts where the Bulgarian element forms an incontestable majority that is, in the districts of Veless, Samakovo, Skoplie and Ochrida.
3. Bulgaria would pledge itself in case the Ottoman Em1.
is
about
to pass
through the
ordeal
of
and character has
already been given to the struggle by some wholesale
—
What is known as Old Servia, a
political poisoning.
piece of territory which does not belong to the Servian
pire were attacked to put a minimum force of 60,000 men at
Kingdom, is in a condition of misrule which is said to the disposal of the SuUan, these troops to be armed, equipped
be unprecedented in its own unexampled history. Bul- and maintained at the expense of Bulgaria.
garia maintains her quasi-independence in spite of
The second of these three points has already been
another Parliamentary
election
;
Eussian intrigue; but she has not dared to take the conceded. It is hardly to be expected that the Porte,
proclaiming the Kingdom and declaring having the fear of Russia before its eyes, will, for th«
Prince Ferdinand King. Recent concessions made by present at least, enter into any written agreement iu
Turkey have given a new aspect to the whole Bulgarian regard to the two last. The prevailing belief is that,
question; and the permission which has been granted though no treaty may be signed, a tacit understanding
the Bulgarian Government by the Porte to appoint may be come to in regard to the first and second conBulgarian bishops in Macedonia has been a clear ditions. It is known that Russia is displeased with the
final step of
defeat of Russian diplomacy
—a something to which that
Porte because of the concessions made.
It
was by a
great Northern
Power is rarely disposed to submit. piece of skilful diplomacy on the part of Stambuloff
In the meantime the German Kaiser and the Russian that the point was gained; and Count Neledoff, the
Czar have been playing at soldiers at Nerva, and dis- Russian minister at Constantinople, was clearly outcussing international politics over the wine cup; and
many intelligent persons in all civilized lands are wondering whether, in the event of their conversations
The Czar is said to have
been wild with rage when he heard of the result. He
could trust none of his agents, he said; they all deproducing any practical fruit, it will be wholesome or ceived him. Stambuloff having gained the victory in
unwholesome—for the benefit or disadvantage of man- the matter of the Macedonian bishoprics very wisely
kind.
pogtponed the proposed public proclamation of the
A few days ago there was a grand concert at Vienna. sovereignty of Ferdinand. To have done so might
It was held in one of the largest halls of the
Austrian have provoked Russian indignation too far.
capital.^ An immense multitude was present,
and inIs it too much to suppose that the Bulgarian matter
cluded in the vast assemblage were many of the elite
of claimed the attention of the two imperial magnates at
Viennese society. The orchestra was powerful and the
Nerva and afterwards at St. Petersburg? That Ferdiappointments were perfect. National airs were played nand shall not
be King of Bulgaria the Czar is resoand sung— airs which were not Austrian or Prussian
lutely determined.
If Bulgaria is resolved the other
Bavarian, but German.
They spoke of a nationality way, and if Europe with the exception of Russia is on
old as the Teuton and
wide-reaching as German her side, it is natural to expect serious diplomatic
speech. The burgomaster
of Nuremberg, yielding to trouble.
But if the Kaiser would go with the Czar
*
witted in the transaction.
—
AC0U8T
THE CHRONICLH
83, 1880. J
them.
Austriii-lliiiignry could uover join
In
tlu'
event
of ilii)loinacy failing Auatria-lliingary ami Gennnny
would bo ill opposite camps. The German-speaking
races
Such
would bo divided.
is
225
early statement,
many
uf those
which appear in the one
not appearing in the other, and vice versa.
As already said, wo have prepared figures this time
show the mileage on which oar compilation of net
But when earnings is based. The present was not a favorable
the view of the situ-
to
wo look at it from Norva alone.
from the Feathalle at Vienna, that meeting opportunity for arriving at a specially large aggregate,
looked
Germany will not join Russia to crush out since June being the closing month of the Inter-State
that
shows
the Bulgarians, and mainly because such a union fiscal year and consequently also the fiscal year of
many of the companies, the returns for that month are
would antagonize Austria-Uungary. It shows more
being in several instances withheld in order to include
it shows that in the alliance of the two great Germanspeaking Powers we have a substantial guarantee for corrections for the year. Still we have returns on
Kaiser Wilholm is 84,170 miles for the month and on 94,243 miles for the
the continued peace of Europe.
ation
if
at
too
much
of a
German
to
put himself
in
opposition to
half-year, including
only three roads outside of the
and which we cannot country. We have thought it desirable to go one step
a sentiment which is
Bulgaria
and the cause it further, however. There are many roads which report
sake
of
the
but hope for
every
day.
There
strength
gather
will
gross earnings, but do not report net at all.
represents
are others which do furnish returns! of net, but
RAILROAD GROSS AND NET EARNINGS have as yet reported only the gross for the period under
so strong,
IN
review.
1890.
Quite a number in both classes always find
^p" On panes 237, 238 and 239 we
Ot each road In the country reportlnif them.
representation in our early compilation of gross, but a
part does not come to hand in time for that statement.
Commerce Commission, through its
Department, has this week published the
results of its compilation of the finances and income
of United States Railroads for the fiscal year ending
June 30, 1889. The period is rather a remote one, but
the same objection holds against Mr. Poor's statistics.
We do not intend, however, to comment to-day upon
the Inter-State results (not having received a copy as
yet of the full report) further than to say that the
report has at least this advantage that it covers a
uniform period for all the roads.
At all events there are no less than 94 roads for the
month and 90 for the half-year which are not embraced
give to-day the not earnings
f
The
Inter-State
Statistical
—
It
is
of
interest
of the mileage of the country to a date just a year later
than that in the Inter-State compilations, and our
results, too, are for a uniform period; that is, we are
able to present a statement of gross and net earnings
first
of gross
half of the
current calendar year,
or, in
and net earnings further
below, since only their gross earnings have
been made
We
have taken the total of these roads
known to us.
and combined it with the total of the gross in the net
earnings tabulations, thus giving an aggregate on gross
earnings comprising every road from which we have
received reports either for the
The
month
or the half-year.
result appears in the following.
Mileage end of
Period.
Oram Bomlna».
note the issue of this report,
to
because in the present article we are able to bring down
results as to railroad income for a considerable portion
lor the
in the aggregates
128 roads re port 'g gross and net
roads reporting only gross.
M
Total 82-i roads
$
49,188,358
20,968,83«
70,128,992
I
3 10 roads
1889.
I
44,215,849
19,543,292
Jf «M. mien.
%
4.922.507 81,170| 82,144
1,415,344 45,564 44.777
63,789,141
6,337,851 129,734 126,921
Jan. 1 to June 30.
ISO roads report 'g gross and net 345.272,509 809,773,691
90 roads reporting only gross. 08,574,305 87,631.441
Total
1890.
1889.
1890.
Jurif.
143,818,814 ."»7,395,032
1
35,498,918
94,243
10.952,8641 41,977
92,106
41,233
48,451,782 136,220 133,833
other words, for the six months to June 30, 1890.
The
This is at once the most interesting and the most
and complete returns will be comprehensive summary ever printed by us.
It shows
appreciated from the fact that both Mr. Poor and the that we have had returns for the month from no less
Inter-State Commission find it possible to issue their than 222 roads operating 129,734 miles of line, and
tabulations only after such a considerable lapse of time. returns for the half-year from 240 roads operating
In presenting our statement of net earnings this 136,220 miles. In each case a few Canadian and Mexitime we also show the mileage on which the earnings can roads are included, but even allowing for these our
are based, the same as in our earlier detailed statement figures cover about three-quarters of the entire mileage
of gross earnings.
As is known, we have greatly of the country. In the matter of earnings it will be
difficulty of getting full
extended the
list of roads, both of those furnishing
merely returns of gross earnings and those furnishing
net as well as gross. Thus the statement of gross for
the month of July given last week embraced 158 systems or lines, operating 87,107 miles of road, which is
decidedly above the
number
of lines or extent of road
seen we are dealing with very large figures, the aggregate of gross for June being 70 million dollars
($70,126,992) and for the "lialf -year being 443 J million
ThQ increase over the corres($443,846,814).
dollars
ponding period of the year preceding is 6 million
dollars ($6,337,851) for the month and no less than 46
comprehended in the corresponding month of any pre- million dollars ($46,451,782) for the half-year. In
vious year.
The aggregates include a few thousand other words, these figures establish the fact that in the
miles of track in Canada and Mexico, and hence the first six months of 1890 there was an improvement in
criticism has been made that the statement represented gross earnings on 136,220 miles of road as compared
really only about half the mileage of the country.
But with the first six months of 1889 in the large sum of
it must bo remembered that this statement of gross
The figures also demonstrate the
46i million dollars.
earnings is issued very soon after the close of the month entire reliability of our early statement of gross as an
—within ten to fifteen days thereafter— that it com- index of current conditions with regard to earnprises only roads which will furnish estimated figures ings.
On the surface this does not appear to be true
of gross, and is always supplemented four or five weeks of the results for June, since our early statement made
later by another statement giving the gross and net the gain 8-44 per cent, while the present statement
earnings for the same month; and this later statement makes the gain 9 -94 per cent.
But there is a special
has especial value in view of the fact, often pointed out
the ^roads are not the same as those in the
t)j us, that
reason for the difference in this case in the fact that
the Pennsylvania, which was not included in the early
THE CHEONICLB.
22fi
[Vol. LI.
in gross had lost very heavily ($804,662 in net), and therefore
Btatement, had an extraordinarily large gam
flood was expected to show the present year a correspondthe
with
(11,240,984) as the result of comparison
same ingly large gain; in gross this expectation with respect
the
in
roads
period last year, when it and other
In the results for to the Pennsylvania was realized, but in the net the
section suffered very heavy losses.
much, improvement was quite small, amounting to less than
the half-year this special gain does not count for
period $300,000; and hence the effect on the general total has
and hence while our early statement for that
present been less decided than was thought likely, the ratio of
recorded an improvement of 11-97 per cent, the
The following is a recapituor gain being 11-71 per cent.
statement makes the ratio not materially different,
results for each of the first six months.
the
lation
of
11 "69 per cent.
GROSS AND MET EAKKIKGS.
Taking up now the regular figures of gross and net
JVef Earnings.
the Month and
Qrou Earnings.
earnings, we find that in net, as in the gross,
No of
For
improvement.
of
period
current year has been a
1890.
1889.
Increase
IrKreaae IP.c.
t
the month of June the net this year on the 128 roads
•
which have furnished returns (and operating 84,170
miles in 1890, against 82,144 miles in 1889) stands
$1,496,824, or 11-71 per cent, better than in the same
month
For the
last year.
six
months ending June 30
»
•
I
I
12.438,759'10,8;2,383 1..554.376 14-8
11,743,820 10.040,022 803.598 7-3
5,037,037 ll-2i ,15,510,037 14,238,210 1,271,818] 8-9
8,516,418 14-4 115,105.728 13,150,814!l,918 884 U'S
8,680,826jl4-0 il7.253,740 14.897,50ll8,355,239 15-8
4.922.5O7lll-ll'l4,274.544il2,777,720'l,496.824|ll-7
3,500,450
Jan. (114)..l44.9(!6,518 41,488,0
Feb. (115).. '43.082.8)9 S0,254,893|3,808.118|
Mar. (1»1)..]50.022.598 44,983,561
Apr. (128).. 61,667,593 45,151,175
May (124)
.
.
June (128).
.
54,139.680 47,478,854
44,245,840
'49,ia8,.'i56
the improvement in net is $11,901,361, or 12-76 per
cent, the miles of road reported on being 94,243 at the
end of the period in 1890, against 92,103 miles at the
The slightly diminished ratio of gain in net for Jane
would not attract so much attention except that that
month in 1889 was the only mouth last year which
for
summary
is
Here
a
1889.
in
date
corresponding
showed a loss in earnings, gross as well as net (the fallthe month and six months.
ing off having been caused by the great floods and the
decrease on the Pennsylvania and other roads), and of
January 1 to Junt SO.
June,
(150 rtxKb.)
course there had been a loss also in the previous year
(128 roodi.)
1889.
lr%£reau,
1890.
Hence,
IncrtOBt.
1889.
1890.
(1888), that having been a generally bad year.
92.103
2.140
94.243
2.028
83.114
81.170
MUesofr'd.
the present gain comes after a loss in each of the two
!
I
44.245.849
Op«r. ezp...
34,893.8 121 S1.4«8.129
lt.274.544'
»
(
t
t
Orosf e&m'B
$
$
4.922,407 346.272,609 309.773,691 35,498,918
8.426,683 240,082,085 218,484,528 23,597,657
1.498.824 105,190,424
12.777.7Z0
But there was a vast difference in the conditions influencing the improvement in the two years.
Last year the improvement came chiefly as the result of
the Presidents' a2;reemeat to restore rates and as a
natural recovery from the previous year's extreme
depression.
The increase in gross earnings then was
roads.
—$11,349,465, or only about 4 per cent.
not large
season's large crops, of
prosperity.
come
as
active business
Hence the gain
This
the result of last
and
of general
in gross earnings, as already
pointed out,
is very heavy, reaching even on the 150
roads in our statement $35,498,918, or 11-46 per cent.
The increased traffic brought with it augmented expen-
ses,
and besides this
liberal in the
making
many
railroad managers were
Net Earnings
Orjw Earning:
93,289,083 11.901.361
In considering the improved results for the half-year,
it must be remembered that the present increase follows
Thus, while
after an increase the previous year too.
we have now a gain in net for the six months of 12
million dollars on 150 roads, last year our statement for
the six months showed a gain of $8,639,114 on 114
year the improvement has
years preceding, as the following statement will show.
Tear
Given.
Inereaae or
Decrfaee,
Preced'j.
Year
*
1887 (M roads). .'35,8ei,a85J32,021,535 +3.840.35o|
1838 (81 roads).. [S9.020.452;36.525.639+ 2.494.813
18S8 (97 roads). 40,374 440^40,406,076!31.638^
1890 (128 roads). 140,168,350 |44,246,8t9 + 4,922,607
.
1
1
Year
Year
Qiven.
Preced'g.
Inereoie or
Decrease.
»
»
$
12,582,962 10.896,220; + 2,187,732
12.114.425 12.748,230- 638,795
180,588
12 617,672 12,698,260
—
14,274,544 12,7 77.720'
+ 1,498,824
Arranging the roads in groups or classei, it is found
Northwestern group is the only one showing
diminished net for June, while there is no group which
shows a loss for the six months. The returns have
been gradually growing less favorable from that section
month by month, and it is not unlikely that there is
intimate connection between that fact and the rate
The gradual
demoralization which so long prevailed.
restoration of rates, therefore, which is now being
effected is all the more important on that account.
The St. Paul reports slight improvement in net for tke
month, and the Chicago Burlington & Northern and
three others keep it company; but the Burlington &
Quincy and seven others have suffered a reduction.
For the half-year the group has $1,002,080 increase in
net (10 p. c), $828,481 of the amount, however, being
famished by the Burlington & Quincy. Including the
that the
and improvements, while in 1889 they were nearly all (out of
necessity) pursuing a policy of economy and retrench- Quincy there are seven roads which have increased their
ment, and the lower rates obtained in the West the net, while there are also seven which have decreased it.
present year on many articles and commodities also had
The trunk line group presents a strikingly favorable
the effect of reducing net results.
Accordingly, the exhibit for the half-year, every one of the roads reportof repairs, renewals
increase in expenses the
first
six
months
only $2,710,351 (114 roads), but in the
of 1889 was
ing large gains in both gross and net, but for the
mouths month
In
is not so satisfactory.
were not for the gain of $290,206 by the
short, expenses consumed a much larger proportion of Pennsylvania
(which, as already said, is much smaller
the gain in gross earnings in 1890 than in 1889.
than expected, comparing with a decrease the same month
Both as regards gross earnings and as regards net last year of $804,662), that group would record a loss
earnings, the improvement has been in progress through in net for June.
As it is the gain is small, amounting
of 1890
all
it is
no
less
first six
than $23,597,557 (150 roads).
In
of
June the showing
fact, if it
the months of the year.
April and May, however, to $128,730, or 4-52 per cent, and only the Big Four
advantage, the increase in and the Ohio & Mississippi, besides the Pennsylvania,
gross earnings for those months having been 14-43 per
contribute to the same, the rest falling behind. Increased
cent and 14-03 per cent respectively, and in net 14-81
expenses are largely responsible for the less favorable
on the whole show
and 15-81 per
to best
cent.
It was supposed that June would result.
do nearly as well as May, at least in the
ratio of
Middle Western roads make a much better comparison,
improvement in the net, as the Pennsylvania last
year there being an increase of 10-43 per cent for the half-year
AcocsT
f
1'
1
+ +
—
THE GHBONICLE.
88, I(<90.|
»ndof 13-79 percent
The
for June.
ratio of gain, thus,
not spooially heavy, but^what is noteworthy is that the
improvement is so verj general, there being not a single
is
227
ver & Rio Grande, fall behind in their net for Jane.
The exp nse account of both the Rio Grande and the
Rio Grande Western has been unfavorably affected of
months by interruptions and extra ontlays inciDayton
dental
to the work of changing the gauge on parts of
and
the
Fort
Wayne
&
Illinois
In the case of the their lines.
Chicago) for the month.
The Pacific group reflects mixlerate improvement 2|
net wc have a heavy loss (#177,608) by the Illinois
Central for the month and a still heavier loss for the per cent for the half-year and 6 per cent for the month.
six months ($768,767), both following from augmented The Union Pacific has been having very heavy gains
earnings for the half-year and but two (the
loss in gross
late
Central
—
expenses; but there is only one other road in that
group which has sustained a decrease for the six months,
namely the Lake Erie Alliance & Southern, and only
three others which have sufiFerod a decrease for June
the Chicago & West Michigan, the Dayton Fort Wayne
& Chicago and the Toledo Columbus & Cincinnati.
Orou Eamingt.
1890.
Iftt
1890.
tSSB.
lit
Jlamin«t.
1889.
lines. ...(8)
I2.097,07»
10,8aS,S»S
*
«>7S.68a
Middle W0Bt'n(2'2i
S.O.IS.aSO
3.179.829
l.U9,55()
1,010,237
Norttawestem..(in)
A,4»9.sm
6,480.871
1,638,705
1,776.879
Soathwesteni. .Kit
Padflc llr9t'lu^>lll>
4.3111.277
3,744,641
1,170,822
971.030
9.W0,T8S
3,.S43,118
Sonthem
Trunk
Zn«.ori>«c.
P.O
«
+128,720 4-62
«
I
2,844,886
+139.3221 1S-7S
-237.1141 13-36
+lfl0.-»2 20-58
+198.221 5-93
8.7(16,780
3.641,337
0,508.121
4,718,647
1,482,896
1,132,7911
Coal ooinp'nleddl
6.n45.9M|
5,iae,tZ4
1,083,057
1.045.43S|
utemJtMld.ilo'
2,161.278
1,920,634
Mexican road. ..(i;
241,185
301,418
676.249
48,374
ToUl.ies roads. 40,168,366
44,245,849
Jan.
r'd?.
(.<?'
+350,104 3091
+848.S24 8803
+48,966 7-82
+20.289 7222
626,283
28,085!
14,274,6M 12,777,720
+ 1,498,824 U-71
lines.. .(13) 114,401,,28t 102,;,915,31S' 33,816,506 30.716,377
-fS,200,,128!l0-42
1 tiiJuly 1.
Trunk
Middle West'n.(22i
North westem..(li)
Southwestern. (7)
24,1)89,,528
Pacific nrst'nls( IB)
51.024,,»75| »7,437,551
Southern
35,633, 363
1
26.383,,1.34
r'ds..(38*
Coal «>nip*nlesU5)
Eastern jt MI<I.|21I
H«xloanroad...(l)
21,.858,120
7,033,633
6,369.242
32, 894,778
10.841,305
9.839.225
22. 517.406
8,220,739
8,022,988
14,818,237 14,236,837
36.314, 364' 31,,482,8351 11,089,792
9.562.662
28.405,.3671 25,,607,793
10,829,773
8.275,911
8,926,780
366,529;
339,762
26,952,,388; 23, 331336
1,880. 138
+884,,391 10-48
+1.002,,080 10-18
+2,197, 751 38-49
+379,,400 2-66
+1,527, 140|16-»7
21-32
+1,902,
13-76
+1,000,
7-87
+28,
,837,982
7.275.200
Total, ItOroads 348,872.509 309,773.691 106,190,424'93,28e,063 +11,901,381 12-76
rrunit Lints.
iColorado Midland.
l>enver A Kio Grande.
Kan. O. F'. S. A .Mem.
Boston A Albanyt
Cbnuo\
Lkile Rock & Memphis.
Rio Orande Western.
AtUntlc,
Clev. Cm. Chic. X St. L.
I>ake Rhcire A .Mich. !4o.t
Pacific Su»Um».
Mich. Cent. « Cm. »o.t
CHnadian Pacldc.
N. Y. Cent, ft Hud. Kt7.+ Oretfon Improvem't Co.
N. y. Cn c. A -.t. Louts, + iFreacott St Ariz. (,;ent.
N. Y. I,. E. 4 West.
San. Kran. * .North. Pac.
Ohio & MIsssisslpl.
So. Pac.— I'ac. System.
PennsylTaa
Har. ,t S. A.
Louis. Western.
Morj<Mn'8 La. A T.
,N. X.Tex.
ex.
Texas A .New Orleans.
Union Pacific—
Ore. Sh. L. A UUh Nor,
Oreiion U? ft Nay. Co.
Union Pac. Den. ft Gulf.
St. Joseph ft Grand HI.
a.
(consol. sratem.)
HiititU IVnlern.
Baltimore A Ohi'. Soath.
Chic.
Jk
St.
I.. ,t
"esi
AM
Pittsi).
,Miob.
Cleveland Akron A Col.
Clareland t Onnt"in.
Co..
Uock. Val.
Day. Ft.
Wayne
.t
,t
T)l.
Chic.
Del. Bay Clly A Alpeua.
All other lines U.P.sys.
Det. I,ans. ft .Nor.
Central Branch.
A Cera Vlarg.
Montana Union.
Sum
rand RaDn1> * Indiana,
Leaven. T,ip. A Southw
r CIn. KIch. ,* Kt. W., Ac.
Mao. AlraiiA Burl.
Illinois Central.
Southfrti Roads.
Lake K. Alliance ft So.
Annlston A (Cincinnati.
f
Lake Erie ft Wpstern.
Atlantic ft D.nT.
Plttsb. Cln. ,4 St. Louis.
Cape Kear A Vad. Val.
Plt'sb. Youiijs. & »8h.
ChattanoO(f,i Union.
gcloto Val. ft M. iCBg.'
Cbes. ft Ohio.
Tol. A. A. ft .No. «ich.*
Cne-i. Ohio ft Southwest,
Toledo Col. ft Cln.
cm. N. o. ft Tex Pac.
Toledo 4 Dhid Central.
New Orl. ft Northeast.
Tol. ft <). C. K.xtension.
AUnaraa ft Vick^burg.
Toj. Peoria ft IV.
Vlck»bard .Sh. 4 Pac.
Northivrsttm.
CoTlnKton ,t Macon.
Burl. Cedar Rap. A Nor.
Eiiz. Lex. a ...„
Bin -airty.
..
..^
\
BurljnKton A N;>r-west-n.|lieork'la HK. ft B'ksj Co.
Burlinftton ,t \V.-stern
Ga. .soutnern and Kla.
Cedar Kal H A Minn.
Ixck. Tampa A K. W.
Chic. Burl, ft .North.
K:-ntucky t'entral.
Chlo. Bnri. ft guinoy.
l,4>uiSTiile A Nashville.
Chic. Mil. ft St Pani.
Louisville .N. O. A Texas.
Dnbnqne ft Slonx CItv.
.Mobile A Ohio.*
Green Bay W.
ft
it. Paul.
Ker.knk A W. stern.
Mil. L. ^hore A Western,*
Minn. A St. LoulH.
Minn. St. Paul AS S. M.
Qnlncy Oniahii A- K. C.
.Sou(/tu,r!»ffm
Atch.Top.ft Santa Pe SJys
St. L. A San Kran. sys.
•
For the month only.
Nash
New
l^hat. ft St. Louis,
Orleans
.v.rfolk
A
A
Gulf.
Western
Ohio Klver.
Petersbnrir.
Richmond
,t Danville
VirKlnia Midland.
(
O.
4 W.
reduction of their net for the half-year, while those east
show improved results. For the month this
measure reversed, the Pacific system showing a
gain and some of the lines in the Atlantic system a loss.
Taken altogether Southern roads have done about as
well as any, though the ratio of improvement is not so
heavy as for the coal companies or the Southwestern
of El Paso
is
t
ft
QreenTllls.
Cnal Companies.
Albany A Susquelianna.f
Buir. Roch. A Pitts.
Central of New Jersey.
D. L. W.-lcased Unes.t
N. Y. A Cauaia.+
Phlla. A Reading.
C, al A Iron Co.*
Pittsburg A Western.
Pitts. Clev. A
Pitts. Paines.
-I'ol.-
A
Kalr.
A Saratoga.*
Syracuse Ring. A N.
summit tlranch.
Y.t
Lykens Valley.
Western N. Y. A Penn.
West
Va. Central.
Eastern
i
Midilc.
Adironda k.*
Aliegneny Valley,
Baltimore A Potomac,
Brooklyn Elevated.
(-amden A Atlantic.
Canada Atlant!c.+
ConiifOMcut HIver.-f
llunklrk Al. V.
FitclihurK.t
A
The gain
group.
New York
ft
.N..ithern.
N. Y. Phlla. A Norf.+
Northern Central.
Ogtiens. A L. Cham.t
Old i-olony.t
Rome Watertown A
16 per cent for the half-year and
is
31 per cent for the month.
Out
10 which show lower net for the
of 38 roads there are
month and
9 which fall
In some cases there are
special causes for the decline, as with the Louisville
New Orleans & Texas, which suffered severely because
behind
for
the half-year.
of the overflow of the Mississippi.
of coal roads
cent increase for the
shows no
less
than 62 per
month and 21 per cent
for the six
is
with the time of the floods in 1889), but most of the
other companies also reflect very decided improvement.
The
Ogd.
Htaten Island.
Tioga.+
Ulster A Delaware.
West Jersey.
Hexican Road.
Mexican National.
has $2,197,751 increase (or
months and $199,792 (or 20|
per cent) for June. The improvement is noteworthy
in both cases, but is contributed chiefly by the Atchison and the St. Louis & San Francisco, though for the
half-year the Denver & Rio Grande also makes a splendid exhibit and has a large gain.
The Kansas City
Fort Scott & Memphis, the Rio Grande Western and
the Little Rock & Memphis have lost in net for the
half-year, and the same roads, together with
the Den-
New York
of the Lackawanna, for
Delaware & Hudson leased lines
all record better totals than last year.
The Central
of New Jersey and three minor companies are the only
exceptions to the rule of increase for the month and the
six months.
In the Eastern and Middle group of roads
the exhibits are rather irregular, but the general tendency has been towards improved returns, especially in
the case of the New England lines and roads like the
Rome Watertown & Ogdensburg.
leased lines in
instance,
and
also the
One general feature of
may be noted in closing.
increase in expenses
P.f
Manhattan Elevated.
N. Y. A New Ku gland.
For the six months only.
cent) for the six
in a
The Reading has been especially favored in
this respect in both periods (in June because comparison
Wnghtsv. A Tenuille.
Itenus.
of the
months.
South Carolina.
Tall. A Coosa Valley.*
Tennessee .Midland.
A Auk.
har. Col.
Columbia
The Southwestern group
S^ per
Wash.
Ash. & Spaj*.
Georgia i'aclflc.
Rich. .% Petersburg.
Sav. Amer. A Mont.
Shenitndoah Valley.
<;al.
Wabash
Chicago
West. North Carolina.
Some
and notably the Oregon Short Line
and the Oregon Navigation, have sustained large losses
in net for the half-year, with the effect of keeping
down the gain on the system as a whole. The Union
Pacific Denver & Gulf, the Central Branch and the St.
Joseph & Grand Island seem to bo the parts of the
system whickhave done best.
On the Southern Pacific the lines west of El Paso have suffered a heavy
The group
Richmond A Danv.— Clon.
trifling gains in net.
lines in the system,
WOTB.— iNCLrnED UNDER THE HEiD OF
B. *0., Kast of onto.
B. H O.. We«t of Ohio.
but only
in gross,
the exhibits for the half-year
We
refer to the very
heavy
which occurred on many systems.
Numerous instances might be cited, but three illustrations must suffice.
Thus the Pennsylvania, with
$3,954,275 gain in gross, consumed all but $565,779
of the amount in augmented expenses.
The Union
same way, with $3,295,028 inis able to show only $322,048
The Illinois Central added so greatly to
Pacific system, in the
crease in gross earnings,
increase in net.
itsexpense account that with $274,769 increase in gross
receipts, net
has fallen
off,
as
already pointed out,
$758,767.
There have been some conspicuously large gains both
and net earnings, and as it will be interesting
and useful to know what they are, we annex the following, giving a list of them.
The tables show for the
half year all gains in gross above $300,000 in amount,
and all gains in net above $100,000 in amount for the
month we take gains in gross of $100,000 or oyer, and
in gross
;
in net $50,000.
.
.. ..
.
..
THE CHRONICLE
228
IN GROSS EARJHNGS
L\ROE GAIS8
New York Chic. & St.L.
.
Plttsb. Cin.
Wabash
Bt.
§ajcrttctat:ijg®0nxni«vciJtX %n^lis\x
FOR HALF-TEAR.
Norfolk & Western...
St. Paul
Del. Lack. A Western..
f3,954,27o
Union" Pacific (9 roads). 3,295,028
2,867,899
Atohlson1,590,499
Chic. BurL & Qulncy.
1,527.795
^
Eric
1,458.242
Baltimore & Ohio
Phlla. & Read, itai/rood 1,191,657
1,079,071
Lake Shore
975,042
Chi'saiieakp & Ohio
951,805
New York Central
849,215
Louisville A Nashville.
749,313
Del. & Hudson (Sliuos)
744,270
RIeh. & Dauv. (8 roads)
1610.904
Cin.N.O.&T.P.(4 roads)
610.000
Mich. Central
542,325
Canadian Pacific
541,643
Northern Central
541,445
Chic. St. L. & Plttsb.
PenuBTlvania
Louis
& St.
& San
L. .
.
$o29,a9o
505,489
485.899
457,759
374.984
Fran..
Rome Wat. &
Ogdensb.
Fitchburg
....
Atlantic
&
Chicago
Brooklyn Elevated
Denver & Kio Grande..
Minn. St. Paul &S.S.M.
Southern Pac. (6 roads)
& Albany
.
LABGB GAINS DJ SET EARNINGS FOR HALF-TEAR.
$201,441
Chesapeake & Ohio
Rome Watertown & Og. 192.301
184,817
Manhattan
183,401
Col. Hock. Val. ATol...
166,634
Richmond & UanvUle...
166,407
Brooklyn Elevated
162.847
Shenandoah Valley
143.953
New York & N. Eng
142,761
Canadian Pacific
•$1,890,488
828,481
791,278
565,779
Pennsylvania
456,849
Erie
432,503
Del. & Hudson (3 lines).
397,712
Del. Lack. * Western..
392.429
New York Central
335,404
Baltimore & Ohio
333,756
Clev. Cin. Chic. & St. L.
Atchison
Chic. Burl. & Qulncy....
Phila. & Rend. RaUroad
1287,721
Denver* Rio Grande..
Pacific (9 roads)
I.AItOE
Chic.
St.
L
142,247
140,385
126,419
124,932
120,115
&
Atlantic
117,14-2
110,608
10,5,372
104,512
100,831
GAINS IN GROSS EARNINGS IN JDNE.
Chic. St. L. & Pittsburg.
Louisville & Nashville.
Pennsylvania
$1,240,984
493,378
'429,343
Atchison
330,355
Phlln. & Bead. Railroad
230,973
Southern Pacific
Chesapcikc & Ohio
197,045
roads
Erlanger
tl42,464
132,299
Northern Central
Union
&
280,845 South Carolina
276,373 Bait. & Ohio Southw
259,296 New York Chic. & St. L.
233,825 Buft. Roch. Pitts
227,375 Lake Shore
222,041 Pitts. Youngst'n&Asht.
FltchburK
Union
Pitts. Cin.
333,166 Norfolk & Western
293,302 St. L. & Han Francisco..
& Albany
Cin. N. O. & T. P. (4 r-ds)
West. New York& Penn.
Louisville & Nashville.
Chic. St. L. & Pitts
Boston
Wabash
Pacific (9 roads).
Erie
Richmond & Danville
$131,294
127,928
115,186
(8
roads)
1
Pitts. Cin.
&
St.
Louis..
Canadian Pacific
Norfolk & Western
112,225
107,937
101,142
99,027
LARGE GAINS IN NET EARNINGS IN JUNE.
A
Read. Railroad $483,062
Fennsylvaula
200,206
"214,057
Atchison
Southern Pacific
123,992
Rich. & Danv. (8 roads).
78,678
Chic. St. L. & Pitta
65 ,623
Phila.
*
t
Erlanger roads
West. New York & Penn
an. i St. Louis..
Louisville & Nashville.
Col. Hock. Valley & Tol.
Pitts,
$63,176
61,895
55,812
55,209
53,818
Not including St. Louis & San Francisco,
Not including Alabama Great Southern.
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.
We have received this week from
the Collector of Customs
San Francisco the returns of imports and exports of gold
and silver through that port for the month of July, and they
at
are given in the subjoined statement in conjimction vpith the
figures for previous months of the calendar year 1890. The
total imports of specie in July were below those for any
previous month of the current year, being only §240,199, of
which $28,074 were gold and $212, 125 silver.
Of gold there was
exported during the month $91,870 coin and $^39 bullion,
and the silver exports were $345,054, all Mexican dollars.
The total amount sent out was $437,763, of which all but
$6,000 went to China. The exhibit for July and the seven
months
is
as follows:
1890.
GOLD.
Bullion
Coin.
Total.
Coin.
Bullion,
Tola'.
February..
Uarch
April
May
June
July
Tot. 7mo«..!
36,077
110,602
81,108
10,733
20,202
39,040
11,688
16,937
22,788
29,984
346 33,100
1,482 26,592
260,452 180,1291
75,117 21,320
122,190 18,449
98,045 18,860
33,521
22,708
50,186 275,122
33,448 113,872
23,074 50,245
205,986
213,823
153,701
186,177
220,338
262,855
161,880
227,306
232,272
172,561
208,885
495,460
376,727
212,125
440,581 520,576 1,404,760 1.925,336
EXPORTS OP GOLD AND SILVER FROM BAN FRANCISCO.
MONTHS.
1890.
8ILVBR.
Coin.
179,915
72,328
68,040
70,130
But'n
Total.
$
$
410
135,1651 1,018
136,021
91,870^
bonks with oflSces here. In consequence the rate of discount
in the open market fell to i% per cent on Thursday.
The publication of the Bank return, however, showed that
the market had been too sanguine, especially as the rise in
rates in New York lessened the hope that much more gold will
be obtained thence. Besides, the Directors of the Bank of
France have raised the premium on gold to 4i>^ per miUe.
Evidently they are resolved not to' allow the stock of the
metal to be drawn upon to any considerable extent. The
Paris Exchange upon London would permit of gold being
imported were it not for the premium imposed by the Bank.
It is thought probable that some gold will be purchased in the
open market in Paris and brought over here. But the chance
In the meantime trade
of obtaining large supplies is small.
here is exceedingly active, and, owing to the wet weather in
July, hay harvesting is later than usual; there is therefore an
extraordinary expansion of the coin circulation going on. In
the week ended Wednesday night over £600,000 in gold coin
was taken out of the Bank of England for the internal circulation.
In spite of recent imports, therefore, the stock of gold
held by the Bank is under twenty and a half millions sterling,
that is to say it is still smaller than it was at this time last
year, when it was proved to be dangerously inadequate.
It is said that some of the gold on the way from New York
to London has been diverted to Buenos Ayres, and now that
President Celman has resigned and a new administration
come into office it is feared that the shipments to Buenos
Ayres may be on a larger scale. There are the usual demands
for South Africa, Egypt and India, and it is said that about
£400,000 in gold are to be sent to Roumania. A little while
ago the Boumanian Government sold 27 million of francs in
silver and part of the price it is nowr taking in gold.
The
opinion therefore is held in some quarters that little of the
gold coming from New York will remain here, and that consequently the money market may continue for some time in
an apprehensive state. The Bank reserve is under eleven and
a half millions sterling yet the Bank has so far done little
or nothing to make the five per cent rate effective. It is
charging all but its regular customers five and a half per cent
But it
for loans and five and a quarter per cent for discount.
is not borrowing on an appreciable scale.
The fact, however,
that during the week ending Wednesday night the outside
;
market had
140
839
753,469 2.407
179,916
72,738
68,040
70,130
136,183
136,161
92,709
little
borrow from the Bank £870,000 shows that
to
energy
it
could obtain control.
The silver market here follows, but not closely, the movements in New York. The fall in New York on Tuesday last
caused on the following day a fall of a halfpenny, or from
There are rumors that several of
51Jid. to SOJ^d. per ounce.
the Continental States will
$
January..
[From our own correspondent.]
with a
IMPOKTS OP GOLD AND SILVER AT SAN FRANCISCO.
MONTHS.
Coin.
561,625
203,468
534,565
657,717
992,329
694,676
345,054
7.55.876 3,989.434
BiMlov.
194,500
59,800
^cws
LONDON, Saturday, August 9, 1890.
large gold shipments from New York last week and the
The
*?f?rg
341,118
Exchange upon London to over the gold
337,264 rise of the Paris
334,487 exporting point inspired a general hope that the Bank of
332,204
325,731 England would be able so to replenish its reserve that all fear
323,010 of stringency later on in the year would be dispelled. Therefore
317,181
316,531 the bill brokers and discount houses have been competing for
309,610
305,750 bills more eagerly this week, and there has also been a good
303,464 demand for English bills on the part of the large Continental
Clev. Cin. Chic. & St. L.
Flint (t Pere Marquette
Boston
[Vol. LI.
Tola'.
766,125
203,468
534,565
717,517
992,329
694,676
345,054
854,300 4,243,734
sell
largely.
Roumania has
re-
cently sold a considerable amount, Austria-Hungary apparently is selling, and it has been asserted that the Russian Minister of finance has resolved to sell the silver held by the Imperial
Bank,
How
far this report
is correct it is diflicult to
the market here is strong and
the price has recovered to 51%d. The Indian exchanges advance as the price of silver rises; and when recently American
holders sold £600,000 worth of the metal, India bought freely.
It would seem, in fact, that the fall in freights has to a considerable extent counter-balanced the influence upon the Indian export trade of the rise in silver, and consequently there
is no evidence of a falling oflf in the Indian demand.
Silver
securities have given way slightly with the fall in silver, but
the market is very strong. The truth is, that every one here
is expecting a sharp rise in silver as soon as the pui-chases by
the American Treasury begin. Holders of the metal, therefore, are not freely selling, and the Indian banks availed
themselves of every fluctuation to buy moderately.
Business in the stock markets continues exceedingly small,
but there is this week a decidedly better feeling, and markets
ascertain.
But
in spite of
all,
,
August
THE CHKONICLE!
28, 1890.]
229
At last President Celman lia.s re- they will prove to be better than was thought hk^Iy a little
jumped to the concluaion that there while ago.
The foreign trade returns of the United Kingdom for July
will 1)0 an immediate niarkeil improvement in Argentine
are not so good as in the previous month. The imports, wliich
afTairN. Henor Pelogrini has a good character here for honesty
and ability. No doubt he recognizes fully the mistakes of his throughout the early part of the year had diminished, but
predecessor, and will apply himself to remedying them with- which in June had again shown expansion, have resumed the
out delay. If he does, and if he is as able and as honorable as decline, the falling off for the month amounting to £2,821,000,
he is believed to be, he will doubtless maintain order, and in a percentage decrease of nearly 8. The greatest decline has
the end place the finances on a satisfactory basis. But how- been in our imports of raw wool, which has been a feature of
ever capable and industrious he may be, it will take him a the last few months, the decrease in July being £1,011,000.
him, The imports of wool in 1889, with the higher prices ruling,
the
task
before
accomplish
time
to
long
and in the meantime a mere change of government were enormous, and with lower values ruling in 1890 the conwill not affect the economic condition of the country. signments hither have been greatly curtailed. Other raw
all
rouud have hardenoJ.
signed, and the city haH
Many
of the Argentine banks are believed to be unsound, and
are expected therefore to be compelled to close their doors.
The shock to credit, the losses of speculators and the fall in
prices have greatly depressed trade, and the owners of houses
materials for textile manufacture have also been small, the arrivals of jute having declined £365,000.
Wheat imports have
been large, showing an increase of £780,000, but other cereals
received have generally been less than last year. The decline
and lands have mortgaged their properties extravagantly. in price of sugar is responsible for a falling off in that item of
The Cedulas outstanding at the present moment, that is, the £780,000. Metal imports compare favorably, both iron and
mortgage bonds of the National Mortgage Bank and the Hy- copper having increased. Our exports are very satisfactory,
pothecary Bank of Buenos Ayres, amount to 415 millions of the increase for the month being £2,197,000, or 9-92 per cent
dollars; in other words the mortgages effected with those above the exports of July, 1889.
Iron and coal have shown
two institutions alone are of the amount just stated. How the g^reatest improvement. The value of cotton piece goods
much more the owners of real estate owe there are no shipped is slightly above that of last year, but in yams there
means of ascertaining. But it will be little short of a mira- has been a small falling off.
cle if a largo proportion of the mortgagors are able, in
The comparison of our import and export trade is given
the present state of the country, to pay the stipulated below
1890.
Ftr Ct.
1889.
Differetice.
interest and sinking fund on such immense sums. The
IMPOBTS.
£
£
&
annual charge for interest and sinking fund ranges from 7 January
0-22
...
39,143,350
85,532 +
38,058,318
+
:
February... ...
to 10 per cent.
The better-informed, aware
upon the
crisis
in the Argentine Republic as only yet in its early stage; they
expect years of depression and distress, and they will be surprised
if
the poorer provinces
But the general public
and municipalities do not
de-
a corrupt and
incompetent President has at last been got rid of, that he is to
be followed by a successor who has the confidence of the
great European financial houses, and is spoken well of at
home, and that the danger of a fresh revolutionary movement is thus removed. But though quotations have risen,
there is no buying on the part of the public. Belief in the
soundness of Argentine securities, which was so strongly
founded here, has been rudely shaken, and investors as a body
will be slower to buy them. There is the same absence of
activity in the other departments of the Stock Exchange.
In
the American market there is extreme stagnation; the public
fault.
31,018,H42
30,140.334
32,340.096
30,265,387
35,(i80,242
37,2.55.785
33.341,005
32.920,395
33,082,029
34,835,408
29,326,994
35,a03,518
7 months. ...239,984,387
243,808,506
March
of all this, look
sees only that
hold entirely aloof, and a transaction in a few shares sensibly
affects quotations.
In international secmities there would
seem to be a slight recovery upon the Continental bourses,
but here in London there is nothing doing. The same may be
said of miscellaneous securities. And in British railway
stocks, though prices are firm and tending upwards, the
amount of buying is extremely small.
Trade continues exceedingly good ; the railway traffic returns, though they compare with an exceedingly prosperous
time last year, show large increases indeed the gross receipts
;
on two or three of the lines last week were the largest ever
recorded. The clearing house returns are to the same effect,
and so are market reports and circulars. As yet at all events
the high rates that have ruled in the money market all
through the year and the falling off in Argentine trade have
not affected the general business of the country. The threat-
ened strike in South Wales began on Wednesday morning.
It originated with the men employed by three local railway
companies, and the men employed at the docks of Cardiff
...
...
...
...
April
May
June
July
1890.
Exports.
January
May
...
...
...
...
June
July
1889.
M
February... ...
Mivreh
...
April
...
21,586,752
21,084,228
20,007,023
20,344,307
22,940,779
21.532,817
24.321,336
—
—
—
+
—
—
4-08
0-34
4-23
4-29
12-27
7'85
1,321,254
125.053
1,575,543 —.
1,494,403 -.
3,599,301 +
2,820,889
—
3,844,119
_
15-78
"erOt.
Differeiice.
£
a.
+
20,527,037
18,070,352
21 ,459,490
19,634,715
20.421.394
18,096,717
22,124,506
+
—
+
1,059,715
2,413,876
1,392,468
709,652
2,519,385
2,836.100
2,196.830
+
+
+
+ 10.343.090
+ 516
+ 12-92
6-48
+ 3-61
+ 12-33
+ 1516
+ 9-92
+ 7-37
7 months. ... 151.877.301
141.531.211
Exports of foreign and colonial produce were as follows
1890.
EXPORTB.
January
1889.
a
...
...
...
4,779,951
6,369,507
6,327,102
4,859,746
6,476,915
5.106.549
5,443,433
5,614,558
5,408,311
6,003,975
5,573,826
6,731,537
4,507,702
6,178,635
7m<jnth»....
38,363,203
40,018,545
...
February... ...
March
...
April
...
May
June
July
+
-h
—
a.
:
Per
Difference.
_
CI.
834,607
38,804 ._
323,127 +
714,081
254,622
598,847 +
735,202
14-86
0-73
5-38
12-81
—
4-13
_
1,655,342
3-78
13-28
11-89
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
:
Aun.
6,
1890.
a«ff.7.
1889.
£
CIreulation
Aufl.B.
1888.
£
£
ZS.646.01S
Auo.
10,
1887.
£
2S,S38,790
2S.341.6t0
25.239.750
2.759,788
4,459,321
Other depositi
28,217.885
27.340,587
3,364,529
24.391.103
2.909,301
24,734.440
GoTsrnment
U.209.237
17.838,428
16.387,396
15,315,424
Other •ecurtttes
Reserve
23,S81.983
11.428.009
20,528.926
18.540,132
10,9i)8.180
Colnand
20.622,024
11,577,538
20,816,348
19.097,2»5
11,283,905
20.009,8iX)
20,773.655
Public deposlta
securitlei
bullion
Prop, asset! to Usblllttea. per ct.
36
Bauk rate
5
per ct.
Consols
gsiS.lG
Clearloai-House returns
171,890.000
Messrs. Pixley
8*)
3-16
3 (Aug. 8)
.f9X
3 (Aug. 9)
124,897.000
40M
3
99«
98«
99.673,000
105,152,000
& Abell write as follows:
Gold— Larifo arrivals have come to hand from New York and Holland, the bulk of which have been sent into the Bank. A small order for
took up their cause and threatened also to strike. Most the Continent was speedily tilled, and at the moment tnere is no demand of any sort. The Bunk lias purchased £791,000, and has sold
of
the
demands of the railway men have been £100,000 for Lisbon. Arrivals: New York, £477,000 Natal, £36,000;
Plate. £121,000; Australia. £7.000
total, £641,000.
conceded; but on one point the employers held out. The men Klver
Silver— FoliowinK our last, the price of silver improved to SlUd.,
asked for a guarantee of a certain number of hours of work at which con8ideral>le tr.insactions took place. Yesterday a red\iotion
In the New York rate and a very poor demand for India Council bills
every week. On Thursday, however, an informal proposal caused a drop to 50%d. The market closes to-day more steadily at
was made to them that they should accept a guarantee of 240 50 13-lOd. Arrivals: New York, £202,000 Chile, £58,000; total,
£260.000.
hours per lunar month, and with a slight modification they
Mexiciin Dollars— Some dollars were sold at 50d., but since that no
business hag been done. The demand for coin Is slack, and usually
have agreed. Influence is being brought to bear upon the melting value rules the quotation.
employers to induce them to meet the men in a friendly
The quotations for bullion are reported as follows:
spirit, and it is hoped that a settlement will almost imme8ILVBR.
QOLD.
diately be arrived at. If so, it is expected that the dock disLondon Standard. AuQ. 7. Juty SI. London Standard. AtiQ. 7. J'ulvSI.
putes will likewise be amicably arranged.
d.
d.
d.
t.
1.
d.
The wheat market continues quiet. The weather is still Bar gold.Bn* os, 77 9
oi. SO IMS
BOH
darillTV
77 »
Bar sllTer, contain, Bl S-IS'
gold, oontaln'g
favorable, though not so warm as farmers would wish.
Hay Bar
log Sgrs. gold. Oft. St IS-IS'
SIM
77 10
S0d«ts.silTer.os.
77 10
harvesting is not yet completed, even in the south of England,
Cake stlTar
ot. 4» 9.1S
MM
^pan.doublooDs.oi.
and the crops generally are backward. But it ia hoped that 6 Am.doobloons.os.
Mexican dols....oi.
'
;
;
;
„
.
1
THE CHRONICLE
230
The Bank
now and
FOREIGN IMPORTS AT
rates at the
and open market
rate of discount
chief Continental cities
have been as follows:
for the previous three
weeks
For Week.
Dry Goods
Battt 0/
Interut at
Bank
Axtgust
8.
$3,553,049
7,314,418
Open
Parl»
Berlin
Open
llate.
Market
I
SH
8U
Frankfort
4
1
3
Hi
2M
2«
SH
4
4
4
3«
6
3«
3M
3«
4
SH
SH
4
2«
2«
8
4
4
SH
3H
4
6
3
B«
an
B
SH
an
S
Total
Since Jan.
1889-90
Barley
Oats
13,9S3.812
11,607,596
1,672,947
3,307,565
89,624,013
15,414,979
Peas
Beans
Indian corn
Flour
weeks of the
1887-88.
45,812,533
18,372,152
16,665,188
2,840,751
2,549,128
22.480,661
17,187,146
1886-87.
49,419.303
15,308,699
12,790,206
.
Total
1887-88.
45,842,533
17,187,146
36,584,125
1886-87.
49,419.303
15,705,736
30,540,435
111,885,105 102,543,703
99,613,804
95,665,474
1889-90.
Aver, price wheat week.Sos. lOd.
A V. price wheat season. 308. 8d.
1888-89.
1837-88.
30s.
33s.
8d.
table
8d.
308 8d.
30s. 8d.
quantities of wheat, flour
Last tDcek.
2,029,000
218,000
788.000
Wheat
qrs. 2,013.000
Flour, equal to qrs.
Maize
184,000
777.000
qrs.
BnKlislt Financial
Great Britain
France
Gennany
West Indies
Mexico
South America
AU
Sat.
d 5258
Ck)nsol8,new,2%perct«.l 96oii
do foraccount
oe's
Fr'ch rents (in Paris) fr. 9500
U. 8. 4i2Sof 1891
I05I3
U.S. 48 of 1907
126
Canadiivn Pacific
85
Chic. Mil. &St. Paul....' 7358
Illinois Central
II15
Lake Shore
llll'4
I
1
Louisville
&
Nashville..
89%
Mexican Central 48
77^
N. Y. Central & Hudson. IIOI4
N. Y.Lake Erie* West'n' 2G''a
do
2d cons
'10514
Norfolk* Western, fref. 64ia
Northern Paclfle, pref
PennsTlvania
Phllart(lpliia<fc
Union Piuillc
Wabash, pref
. . .
ReadlDK.
?.
Tues.
210,000
503,500
167,000
345,000
Wed.
Thurs.
115
IIOI4
90%
90
7779
11018
77 14
109 1«
27 Is
106
IO514
26%
6478
115
109 12
115
114%
109=8
9018
771a
109=8
27
105 12
108
90
77 %
109 14
8914
77 14
IO8I4
64%
*
64%
84%
54 18
65
84
54%
54%
84
55
2238
6212
3II4
22 >8
62 14
21i>8
2218
6II4
3114
61%
31%
35,000
$161,846
2,505.'288
$2,903
127,000
l,30!i,431
128,191
15,087
$39,500 $18,333,514
$144,990
other countries..
Total 1890.
Total 1889.
Total 1888.
Since Jan.X.
18,8001 46,257,854'
64,228| 18,709,458'
l-20,6tf3
19,227
892.969
1,511,564
18,392
115.856
446,209
$5,652,121
4.637,194
4,558,743
In\port*.
311«
2612
105
64%
\SineeJan.l.
Week.
Great Britain
France
$528,800 $12,066,138
287,175
Germany
$1,467,906
1,351
586,416
330,506
355.044
184.089
701,379
$48,799
West Indies
Mexico
South America
AU
Since Jan.!.
Week.
37,538
22,612
168,818
ia,3fl7
$528,800 $12,582,281
156,400 12,503,821
$133,149
32.803
7,512,168
62,960|
76,983
other countries.
176,210|
$3,632,691
945,401
1,207.157
United States Sub-Treasnry. The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the week.
Balances.
Datt.
Aug. 16
••
18
" 19,
"
"
"
2614
20
21'
22!
Beeeiptt.
Paj/ment*.
2,107,378
2,828,322
3,313,916
2,589,199
2,019,343
3,174,015
105 14
2,278,550
2,441,836
2,957,197
2,24 4,552
2.478.877
3,298,471
Coin
Coin.
Oerl's.
161,.508.714l 20,039.488
161,3^9,138
161,113.635
160,703.01 8
:
20,597,998
20,922.247
21,651.862
160,H14,240, 21,3HU,-J04
160,573,1971 21,175,802
Currency.
$
7,633,897
7, 601, '399
7,889,372
7,915,021
7,806,924
7,936,912
Total
83=8
6418
8338
54%
21%
54%
61=8
311a
6078
30=8
Anctiou Sales. The following were recently sold at auction
by Messrs. Adrian H. Muller & Son
.
16,032,173
15,699,5131,
—
21 14
:
Shares.
Commercial nnA miBccllmuaxxs ^ewrs
National Banks.— The following national banks have
recently been organized
Week.
—
Fri.
54I4
5208
51
54
5414
961,,
9612
963,6
96>ig
961,
96',„
9638
9612
96=8
9612
94-75 94-4712 94-40 94-72I2 94-55
IO514 IO514 105 14 106
106
I26I4 126I4 I26I4 126
126
8478
84=8
85%
85 14
851a
72>4
73 14
731a
72 >4
7238
115
111
'
Export*.
1888.
1,840,000
Markets— Per Cable.
3fon.
1.
$11,044,669,
710.200;
2,772,835'
$4,500
2,367,5881
3,600
Total 1890.
Total 1889.
Total 1888.
London.
Since Jan.
Week.
22:
Silver, per 02
Importt.
Oold.
Silver.
1889.
1,738,500
daily closing quotations for securities, &c., at London,
reported by cable as follows for the week ending
August
NEW TOBK.
Exports.
and
The
are
shows the exports and imports of specie
EXPORTS AND IMPORTS OF SPECIE AT
1886-87.
33s. lid.
33s. Id.
The following shows the
maize afloat to the United Kingdom:
This tceek.
1890
$6,262,517
204,016,853
New
2,38.1,881
1888-89.
Iniimrts of flour
15,414,979
Bales of home-grown. 43,642,000
1889.
1888.
$5,757,531
$6,241,345
$6,538,963
188,111,972| 177,982,325| 20«,641,814
York for the week ending Aug. 16 and
at the port of
since January 1, 1890, and for the corresponding periods in
1889 and 1888:
2,416,028
28,239.174
15,705,736
55.100,794
13,317,277
34,125,632
1889-90.
$87,701,445 $101,572,891
234,649,338 243,879,974
Total 33 weeks. $194,353,317 $183,739,856 $215,180,777 $210,279,370
1)
Imports of wheat.cwt.52,82S. ! 26
5,370,899i
$7,596,818
1887.
For the week.
Prev. reported
Supplies available for consumption (exclusive of stocks on
September
8,708,008,
$84,776,752
216,412,795
$80,112,047
222,610,921
Geu'l mer'dlse..
The following
1888-89.
55,100,794
17,974,100
15,462,428
2,153.810
2,918,732
29,574,053
13,317,277
6,085,933,
$9,261,315 $11,690,072',
$2,225,913
1,
Dry Goods
IMPORTS.
owt 52,828,126
$10,867,467
8K
cereal produce into the
season compared with previous seasons:
Wheat
1890.
$2,982,064
:
forty-eight
first
1889.
$3,175,382
In our report of the dry goods trade will be found ths
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 Aug. 19 and from January 1 to date
EXPORTS FROM NEW YORK FOR THE WEEK.
3
4
YORK.
Total 33 weeks. $302,722,968 $301,189,547 $322,353,783,$345,452,805
2X
4
4
The following shows the imports of
United Kingdom during the
3
4
an
S
4
an
4
Open
Rate. Marker
2«
8«
2M
SH
a
Bank
Open
Market
4
4
SM
4
4
Amsterdam...
Bnusela
Madrid
Tlenna
Bt. PetenborR.
Copenhagen
4
4
Bate.
4
HambnrK
3
i
m
3
3
4
Bank
Bank
Bate. Market
LI.
18.
JuJi/
Julii a^.
1.
NEW
1888.
1887.
Oeu'l mer'dlse.
Augrut
[Vou
.Shares.
8 Pennsylvania Coal Co. ..290
24014
9 Bank of New York
10 LouK Br. Oce.au Pier Co.. 15
10 Continental Ins. Co
235
222 Trinidad Asphalt Co
42
65 Hazard, Hazard & Co.,
100 Brandon Ital. Marlile Co. 11
-...$50
$100 each
20 Nat'l Broadway Bank
294
125 Metropol. Phou'graphCo. 24i2
2 Chemical Nat'lBk.. 4710 4720
Bonds.
10 Madison Square Bank
IOOI2 $15,000 B'klyu & N. Y. Ferry
10 Third Nat'l Bank
IVi
122
1st, 6s, I'Jll, J. & J
17 Central Nat'l Bank
14014
1
[
:
I
4,392-The Sedalla Natioiial Bank Scdalia, Mo. Capital,
$100,000''ye-.rie»,i<lent: F. W. Schultz, Cashiert
A
<io<»_Th 2
4,393-The
i.rjt Natjonal Ba„k of Ardmore, Indian
Territory. CapiHemming, President; C. L Aiderson,
CMhier
4,394-The «t;t'Natlonal Ba.>k of Demopolls, Ala.
Capital, $50,0C0.
•'^™"« ^- Taylor, Cashier.
4 39i-Th; Citizens
Citi]i>^f.'i?T,''''^'',"tj
4,39a-The
Na ioual Bank of Colora&o,
Texas. Capital, $60 ^- ^^«1?<";- Presideur A. Pruit, Cashier.
i
qofi-TSn Americaa
i
4,396-nic
National Bank of Helena, Montana.
Capital
"°"'*^-^'"'"'"'^^«"*«"'' Alexander C.Xhi
?on
•
I
^auUtwg
'
Spencee Trask &
Co.,
BANKKKS.
'
;
Sle?
autX Ifiuauctal.
No». 16 and 18 Rroad Street,
ALBANV, N. Y.: SARATOGA, N. Yl
TRANSACT
Kew York
City.
PROVIDENCE, R. L:
A GEIVERAIi RAIVKIXG RtISI\BSS.
All classes of Securities Bought and Sold on Commission. Special
attention i^ven to nvestuient Securities. Direct wire to each otBce
and to FbUadelphia Boston and
Imports and Exports for the WEEK.-The
imports of last
week, compared with those of the
a decrease in both dry goods and inpreceding week
generaf mwchkndfsr
The total imports were $7,596,812,
a«ainst Sl'> 2qo Sfq /h!,'
sW
Chica*ro.
SPECIAL. SfOTICES.
^° CITY AND COUNTY
RO.VDS
OF
ITESTERN
Municipalities are dealt In largely by Messrs. S. A. Kean & Co., of
New York and Chicago. The attention of Savings' Bank orticers U
called to these securities. The New York oUlco Is at 115 Broadway.
igr-CITY
RONDS AND OTHER FIRST-CLASS INVEST-
ment» adapted
for sayiug-s' banks, trust funds, and Cirefiil iuvestments
of individuals are mT,do a pro:ninoat spejlalty iu the business of
Messrs. BuKEBaos. & Co., Biaksra, of New York aal B^itoa. See
card In the columns of the Ciironiclb.
)
AUGUST
!
.
THE CHROMCLE.
38, 1880.J
She gankers'
iramt of Oompany.
hecii
Otnl.
Ilallroada.
HoHiid Uruok (qunr
promises to bo more effective, $3,0,'i7.800 of ij^
having been accepted to-day, $1,279,100 of this by ^he
.Siib-Trensurer in New York. The only sale at the Stock Exchange this week was $27,000 currency 6« of 1897, at 119.
The purchases of bonds by the Secre>ary of the Treasury
during the \Ceek have been as follows:
Iter e^^nts
ITIlKra^ll.lllPOUK
Dlotllllnu.'i: I'iiltU'
FchUuk
announced
When
Bookt Olotd,
Payable.
(D'tyn ineluBivt)
A.U(f.
.fe
,
Oroifon Iiiipiovomcut. pivt
United 81 ^HOH Kuuilnl)l« Uaa
iHPtr
—
gatorday
Sept.
AtlK-
22
8eiit.
Auk.
2.t to
1
Sept.
2018cpt. 12
AltOUST
OmU tusvm.
Qfsriins. Purek'M
4
ZH
WALL STKEET. FRIDAY.
231
liberal offer
daxttte.
DIVIDBNDBi
The foUowlwt dividends have recently
DclnwBre
,
to AiiK.
Hcpi,
til
Hi
|it.
Monday
'J'l
Taesday...
Wedn'sday.
Tharsday..
rrtday
21
lH90-a I'. HI.
Sitniitloii.— The strin!**,
The Money Market ami Fiiittncinl
gency in money this week, together with the threatening
Totel.
.
B.ftOO
ft.SOO
11,400
11.400
paM.
4 Psr
114.109
SOT.eao
171.100
ISi
1089<«>tdBM tl.ll8.IIOO $1,118,90}
124
sgi.400
TH.IOO
114.100
sn.soo
2;i.'.«)o,
8,067.800
..
M.S3I.BO0
aoT.iao]
104M
10»<
a,(i57.H00
|(.531..''<04l
poM
lu
IM
fioe.iooi
i,i»3,ioo; 1.168.100
,
OsnU 4hu I9n.
0/»tinot.\Pitnh'a. Prteu
tisa.ieo
«)i.4oa
78.100
108«
103K
I03M
I3S.SO0
».'92,SOO
..
Prieis
171JS00I
IM
IM
1S4
The closing prices at the N. Y. Board have been as follows
tlie railroad strikers, has heen quite sufticient to
demoralize sttKk prices. Tlie most encouraging event was tlie
Aug. Aug. Aug. Aug.
Interetti Aug.
i)er cent in the Bunk of
nitlier iine.xpi"cted reduction of
21.
Periods] 16
18.
19.
20.
England rate on Tlmrsday, apparently indicating a very de.-Mch- '1026b '102^ 102^ -loaie 'loaie *io4
cided improvement in the tone of feeling in London, and a 4>38. 1891
l(.3^*103Tg 103-'8 •10-li4*104i4'*105
4HM. 1891
remarkable gain of confidence within a few weeks.
12378 n23'e 123'8*124 *124 l*124i4
1907
At the present writing, there are too many circumstances 49,
•12378- 1237m' 123^8 'lil '124 *124H
48.1907
bearing ui>on our monetary situation for one to hazard an «8, our'cv.'95.
1121s *11-.! la' 1121a '1121a *112ia 1121*
115 -115 115 *115 *115 1*115
opinion as to the probable course of affairs in the next few 68, car'cy,'96.
•11714*11714 IITH 119 1171a *117i«
weeks. The Secretary of the Treasury seems inclined to do 6s, cur'cv,'97.
cur'.!i,'98..
1191a 1191a' 1191a •119% '120 1*120
68,
:
aspect of
\T
1.
'
i'
whatever may l)e witiiin his power to relieve the situation, 68, cur'cy.'g?..
123 123 123 123 •123 l*13a
and his offer to redeem $20,000,000 of the 4^ per cents due
• This is the price bid at ttie mornlnK board
no sale was made.
September 1, 1891, and pay one year's full interest on them is
State and Railroad Bonds.— Quotations for State bonds
a striking proposition. On the other hand, government
bonds are so widely scattereJ that it usually takes a long are not much changed from last week. The sales have been
time to get any considerable amount of them together; the as follows North Carolina 6s of 1919 $3,000, at 127 Tennessee
working of the silver law furnishes no immediate benefit, and settlement 3s $2,000, at 73}^ and $1,000 at 73; and Virginia
I'
:
;
:
6s deferred trust receipts $5,000 at 10.
There has been very little life in the market for railroad
On Thursday the
bonds and prices have been irregular.
tumble in stocks reacted upon quotations, and some issues
St. Louis 48 and
sustained a considerable decline. Omaha
Reading 4s lost two points in the week. Mobile
Philadelphia
Pacific incomes Ifg, Atchiaoa
Ohio general 4s 2\^, Texas
is, upor> the whole, rather uncertain.
position of the railroad strikers is thus far weak in
their failure to make out a case which enlists the 8ymi)athy of
the public. This has much to do with the success of a strike
in the long run, and whenever the action of the leaders savors
more of maintaining their own personal importance or the
technical dignity of their order than of righting some real
grievance of the working men, the strike is likely to be of
the outlook
The
&
&
&
&
incomes \%, Fort "Worth & Denver City 13^. To-day, however,
with very small sales, there was some improvement, Atchison
incomes, for instance, rising from 64 to 65, and Reading 4ft
from 80 to SOJ^.
Railroad and Miscellaneons Stocks.— The small buoyancy
which characterized dealings at our last report received a
sudden check on Saturday, when another unfavorable bank
statement was issued. Prices weakened and were kept unsteady by the spurts in the money market, and the fear of
greater stringency. The railroad strikes, too, acted as another
depressing influence. On Thursday the rates for money becoming excessively high (call money loaning at one time as
per cent a day), values underwent
high as 6 per cent plus
a general falling off, and stocks that were pressed for sale declined quite sliarply. The Vanderbilt stocks naturally were
among those most affected, and as will be seen on reference to
the following page, Northwest, Big Four common, Chesapeake
& Ohio common and first preferred, Lake Shore, Canada
Southern and New York Central all fell below their previous
short duration.
Aside from these clouds on the financial horizon, the situation remains unchanged. Railroad earnings show very well,
though comparing now with a period of last year when
^traihc was heavy.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 189 per cent,
with 2.') per cent as a fair average.
Prime commercial paper
is quoted at 6 n 6! 2 P- c.
Bank
England
weekly
The
of
statement on Thursday showed
an increase in specie of £566,000, and the percentage of re-serve
to liabilities wa8 43'70, against41'93 last week; the discount rate
WBS put down to 4 per cent. The Bank of France gained
1,.550,000 francs in gold and 1,925,000 francs in silver.
The New York Clearing House banks in their statement of
Aug. 16 showed a decrease in the surplus reserve of $1,941,725,
there being a deficit below the required reserve of $655,725
against a surplus of $1,286,000 the previous week.
%
lowest record for this year.
1890.
18S9.
Differen'tfrom
August 16.
Prti>. week.
August 17.
i
60.812, 700
Bnrplus
59,fl87,
I
,
BnrplUB reserve
.
18.
$
60,762, 700
100
Ix>ans and dlsc'ts 402.1B3, 900 Deo.3,975, 600
Circulation
3.629 400 Dec.
15, 500
Net deposits
399.508, 100 l>ce.8,397, 100
Specie
70.84:^, 200 Dec.2,6.i2, 800
Legal tenders
28.;<78, ,100 Dec. 1,388, 200
Keserve held
Legal reserve
August
$
<
Capital
Northern Pacific common and New York & New England
were also sold down quite heavily, the former to 30^^ and the
latter to 45J^.
Atchison, Missouri Pacific, Louisville & Nashville, Union Pacific, and others, receded to about the same level
1888.
7fl2,700
54,630 100
,666,600
415,980, 0003S7,,i<09.7O0
3.873, 700
7,,760,400
430.3i«, 500 416, 063.400
70.032, 400 87,,736,800
reached in
ily,
Mexican Central, owing to its receipts in silver, was relatively stronger than other stocks; it
closes today at 26^^, having touched 27^^ on Tuesday. Denver
40,tfli: OOOi 38,,015.300
99.221 ,300 Dcc.4,041, 000110,933, 400il25,,752,100
99,877 ,025 Deo.2,099, 2751107.530, 875:104,,015,850
&
from 56J^
Rio Grande preferred has Ukewise been strong
Friday it rose the next day to 57J^, and on Thursday,
after having touched 55^, it quickly recovered to 56}4^ and
to-day sold at 58, the highest woint attained by it since 1887.
better feeling has prevaifed to-day, and generally speaking about half of yesterday's fall has been regained.
Sugar trust certificates suffered on Thursday a drop of 8
points from the closing price of last week. They sold at 75%c.
but to-day closest 77 j^. Lead Trust certificates have tended
upwards on rumors of good earnings shown, and were sold at
22 on Wednesday, declining only to 20 on Thursday, as
against 20 J^ the last price on Friday a week ago.
Cotton Oil receipts sold at 25 and close to-day at 26i8 , against
—
demand, 4 85^4
86;
;
last
Def.655,725Dec.l.941.725l__3.352.535i 21.736.250
4 81J.^@I 82J^;
week's decline. The coal stocks yielded readHudson going to 158. Lackawanna to 141 and
&
Jersey Central to 118.
Foreign Exchanse. The high rates orevailing in our money
market have unsettled sterling exchange, and th» posted rates,
which last week were 4 84}^ and 4 88V<, are now down to
davs sterling,
488ti(g4 88!i,
last
Delaware
A
cables.
The posted rates of leading bankers for foreign exchange
'
are as follows:
.
August
,
22.
Prtoie bankers' sterling bills
Prime commerclai
Documentary coiuiuercial
Paris (francs)
Amsterdam
(Kiilldcrs)
Demand.
Sixty Days.
on Louden
4S3»3
2914^ last
]'"
47913*4
5
..'.!!!!
Frankfort or Bremeu (reichmarks) .!.!!!!!
under the silver law
ranging from §1 16 to
follows
On Monday,
at $1 16® $1 1975
on
23%a5
80>fl
2212 5 20
3914, ,a40
94H)89488
a5
19S«
40is?40i,8
95i«»95>4
:
;
I
United States Bonds.— Government bonds have been firm,
''^^^ improved in consequence of the otTer of
Ju^""'"''**"'''
the
Secretary of the Treasury to redeem immediately $20,000,000 of the 4 >^ per cents. The first offer, made late on Tuesday afternoon, was to pay off $15,000,000 of the bonds with
JI"«'"f*t to June 1, 1891, this being equivalent to a bid of 104;f
The hoMers of but a comparatively small amount of bonds
availed themselves of the offer. Coasequently
on Thursday
another pro|x)»ition was made, nam^ly,
to redeem at once
not exceeding .$20,000,000 bonds and on
.September 1 to prepav
tlie mtereal ujxin the
same to September 1, \ti9l. This more
this week
1,356.000 ounces of silver at prices
$1 2025. The purchases took place as
540,000 ounces (out of 590,000 offered),
Wednesday, 466.000 (out of 1,314,000
offered), at $1 1945:3 $1 2025 to-day, 350,000 (out of 1,520,000
offered), at $1 193^$1 195.
The sales of silver certificates at the Stock Exchange have
aggregated for the week 6.5.55,000 ounces, at prices ranging from 115^^fal203^. The price was highest on Wednesday, but Thursday fdl off three pomts in sympathy with
the stock market. It closes at 1195^. against 114?^ a week ago.
The sales were as follows Saturday 771,000 oimces at 115i^(*
117^, Mondav 2,336,000 at IH^i 120^^, Tues<lay 1.608,000
at 119ai21, Wednesdav 795,000 at 119i^al20,'.i. Thursday
Total,
635,000 at
1 19^^^, Friday 410,000 at 118,1^^.^ 119?-^.
6,555,000 ounces at ll^y^'^VidX.
The Secretary of the Treasury has purchased
4 86'a»4 87's
4 79ia<»4 801s
'.
week.
;
:
m%(^
i
.
..
...
11
THE CHRONICLK
232
FRICES AT
NEW YORK STOCK EXCHANGE—^CrJTB STOCKS for
[Vol. LI.
week ending
AUG
HIGHEST AND LOWEST PKICE8
STOCKS.
RR.
Active
Atchison Top.
Atlantic
&
Stocks,
Santa Fe.
Saturday,
Monday,
Aug. 16.
Aug. 18.
42%
43!S8
4214 4318
83
84>4
55=8
831s
•6I4
i- I'aoiflc
CanatUan Pacific
Canada Southern
54% 55
123\ 122 I22I3
3314 •32% 3314
55>4
123
Central or New Jersey
Central Pacific
*32i«
22>4
*60
*41ia
. .
&
2158 2158
601a 601s
"41
43
128 134
22)4
Chesapeake &0.—Vot.Tr.cert.
do Ist pret..
Do
do 2d pref
I>o
*128
Chloaeo <Sc Alton
Chic.
62
43
134
•13% I414 •ia%
Atl. Benef. Tr. Bco...
7
84%
1414
OhlcaKo BuninKton i Quincy. IO214 10314 101% 10214
4414 4414
451a 451s
Chicaeo & Eastern Illinois...
Do
90% 90%
93ifl 9313
71% 7214 70% 71%
1181a II913 118 118
pref- .
OhlcaKo Milwaukee cSt St. Paul.
Do
pref.
& Northwestern
Chicago
Do
111
Chioaeo
Paul Min.
St.
Do
It.
lim
109% 110
143% 143%
89% 87% 88%
•14% 17
-17
14413
pref.
Ohlcaeo Eock Island APacific.
Chicago St. Louis & Pittshnrg.
pref.
Do
88"»
•14
37
•31I3
Om.
•37
3II4
43
33
90
70
pref.
Clere. Cincln. Chic.
Do
& St.
7116
L...
72
pref.
29%
OolumbnsHockingVal. &T0I. 30
30
163
Delaware & Hudson
Delaware Lackawanna <Se West 145»8 I46I3 144%
•19
19% 19%
Denver 1I2 Bio Grande
56
pref.
5658 571s
Do
Do
Do
Ist oref
2d pref.
pref.
& Western
oref
Ijake Shore & Mich. Southern.
Lake £rle
Do
Long Island
IiOuisrille& Nashville
Louis. New Alb. & Chicago ...
Manhattan Elevated, consol..
Mexican Tentral
Michigan Central
MUwankee Lake Sh. West.
pref.
Do
bmeapolis & St. Louis
•5%
Do
pref.
& Tes., all ass'nt paid
*13
2014
Ho. K.
•70
•38
Ist pref
2d pref.
Few York Lake Erie AWest'n
Do
pref.
Hew York A New England
Hewl'ork New Hav. <k Hart.
New York Ontario * West.
Hew York Susquehan. &. West.
Do
pref.
Horfoik A Western
Do
I9I4
•7I3
•31
20
Pacific
pref. .
Mississippi
I6I4
•70
I6I4
7II4
37% 37%
26
26%
39
19% 19%
19%
7%
8
•31
33
20
63'8
8258
241a
34%
98
29
160
98
29% 29%
29%
162
162
163
•12
pref.
1st pref.
9%
Week,
Aug. 22.
Shares.
27% 29
26% 29
161
144
158
141
160
161
141''8
144
19% 19%
56% 58
18% 18%
5078 56%
•8''8
43
106
108
2658 27%
27
95
95
•90
91
91
109
45
108
•5%
17
19% 20
69% 7058
70% 71%
23
102 107
IO514IO6
23
105
22''8
16
7II4
•38
39
25% 26
270
•7
63
34
61%
63
81%
82I4
13
•80
16%
38% 38%
25^8 26%
65
48%
265
7
•30
•19
7%
•19
•99% 102
•75
A Dnlutb, com
pref.
Bt Paul Minn. A Manitoba .. •109% 111% •109% 111%
91%
17
20
70
22
105
93
93
90
'108% 111
-5
7
•12% 17
29%
20%
39%
Texas A Pacitic
Tol. Ann Arbor A N.
Toledo A Ohio Central, pref"
Union PaclOc
M
Union
Pacific
Wabash
100
60% 61%<
•3314 34
Denver A Gulf'
Do
Do
pref'
265(1
A Lake Erie.....
mUcellaneous
Stoctdtl'
fin..
Co., of Brooklyn
Colorado Coal A Iron.
Consolidated Gas Co
DiRtilling
"
A
Cattle F. Co.
EdI son General Electric
1-aclcde (ias (St. Louis)
27%'
i
2658
29
55
<,=
89
55 %l
89%l
sofc
39% 42%
54
54%
89% 89%
50% 51%
51%
98
45U •45
•aau
'
»105
20
lOT
201,
Oregon Improvement Co
2078
21%
46
47
Pipe Line CertifloateVC"
44% 45%
5,0
„i_ 93%
91%
Paelfio Mail
Pullman PalaceCarCo
Silver Bullion Certificates....!
*
26
29% 29^1
'"I •4,5
National IaoA Trust
Sngar Reflncjries Co
Tennessee Coal A Iron
t'O
do
_
33% 33%
12
12%
i
Amer. Cot. Oil Trust receipts.
Buckeye Pipe Line Ccrtirs S
Chicago Ga« Co
I?""*
w«8tem
I
95 100
5958 60%
38% 38%l 37% 38%
7658 7658' 75% 76%
27% 27% •25% 27
do
pref.
Wisconsin Central Co....
Citizens'
39^8
•93
12% 12%
Wheeling
_,,
29% 29%
19% 20I4
39% 39%
3014
2058
'215
218
'105
29
98
45%
107
19% 20
20% 21%
47
47
44% 44%
91% 93
216
216
63
99
45
•19
42=8
20''8
21
46''e
68%
7058
21
23
*2U
50
200
64% 64%
45% 47%
19
7
32
20
63
33
18
7
•29
63
31
79
23
18
80%
23%
18
99% 99%
42
42
41% 45%
7
32
31% 32%
80'8
80
23%
23%
18% 19%
•98
41
100
41
44%
43
18%
20
41% 42%
19% 20''8
77
78
78
22
78
22
800
130
975
21,490
200
45,090
24,097
15%
6
117
12% 11
12
55% 58
75
85
2,150
5,881
11.139
1,050
'I26"
11
•11% 13
3,625
109
29% 29%
19% 20%
39
39%
95
29%
19% 20%
39% 3958
29
•90
5958
95
58^ 59%
33
29
29
I
41% 41%
53
54
I
89% 89%
50% 50%
9759 97%
"ii"
•19
21
214
•19
8259
Union Telegraph
84
84% 83
84%
These are the prices bid and askel;
no sale mild at the
'
51
216
24% 25%
36% 37
73'8 74%
24% 25
25
27%
33% 38
51% 53%
48% 50%
96
97%
81
45
5
•45
825s
45%
21
83%
PWjij
45
104% 104^8
18% 19
20
21%
47
43% 44% 40%
87% 91
85%
214% 211% 210
119% 120% 117%
21
'19
83%' 83
B )Ar.L
12
12
4458
I
i
90
57% 59%
30% 30%
4ft
^.
45%i 45
105% 105%! 105 105
•18
19 21
20
21
2158
21% 22
•45
•46
48
48
43% 43%
90% 92%i
1958
38%
90
89% 89%
51%
51
97% 97%
•45
1858
3658
6O59
27% 2S''«
37% 41%
5358
28%
98
32% 32%
12
12% 12% 12%
25% 26% 26% 26%
36% 37% 37
37%
75% 75%' 75% 75%
25% 25%l 25
26
33
£.•
75^8
43%
87%
214
44
44
21
81% 82%
1)
Feb.
Jan.
109
109
28% 29%
19
36
19'8
37
"87
93
58=8 60
30% 32
37%|
74% 74%
24% 25%1
25% 26%
34% 36%
51 '8 54%
89
89%
48
50%
96% 96'8
44% 44%
'100
18%
20%
46%
41%
104%
18%
21%
48%
42%
87%
85
210
)tli
43% 44
80%
E'cohau'^es.
27%M.ay 21
June 27
127
86
120
June 10
Jan. 31
12% May 12
33% May 12
19 'a May 15
68
Jan. 31
114% June 5
July 26
95
92% May 5
54% Mar. 10
117 May 16
31% June 4
104% June 6
Jan. 23
Jan. 23
7
8
3 20
23 20%
11 79%
7 23%
6 105
21 111
18%
22
May 3
May 9
July 16
May 10
Aug. 16
Apr. 22
June 3
Jan. 27
May 5
11 75
21 42% May
12 29% May
31 69% May
7 52% May
10 270 June
11 2'.'% May
23
9 May
27 34%M.ay
28 24''8 May
14 06% May
13 39% June
19 86 May
25%
11
17
24
11
108%
22
56
52
24
8
5
19
23
16
16
20
10
12
6
20
10
19
June 6
June 6
Apr. 24
Jan. 2
June 10
May 3
17
13 48% May 19
21 28% May 21
IS 87% M.-iy 21
27 24''8 May 10
3 53% May 14
17 120 July 24
7 130% May 13
14''8 May
9
36% Mav 15
67 May 15
31 105% May 24
IS 38% June 16
Aug. 11
Jan. 11
Jan. 27
Jan.
Jan. 18
99
July 28 115
JiUy 18
Jan. 9
Feb. 21 34% May 19
33% Aug. 21 42% Aug. 18
41% Mar. 13 63 May 15
68 Feb. 20 91% July 28
39% Jan. 2 54% June 6
92 Jan. 2 107% May 16
36% Mar. 4 43% May 24
603 92% Feb. 1 119 May 21
1,800 13 Apr. 14 28% May 14
47,930 16% Feb. 21 24% May 16
400 4338 Mar. 12 54 May IS
10.620 36% Feb. 27 47% July 18
79% Apr. 8 108% Jan. 21
12,035
24
1,800
82^8
I
17,760
4,167
5.930
1,573
1.000
21
x
20% May 15
58 Aug. 22
11% May 21
81 May 21
28% Aug. 21 37 14 Apr. 22
18=8 Aug. 11 24% .May 20
30% Jan. 4 42% June 13
400 68% Feb. 5 95 Aug. 19
52,520 57% Aug. 11 68 Jan. 28
2,356 30% Aug. 21 38% May 8
2,912 11% Aug. 11 15 May 12
7,800 23 '8 Aug 11 31% May 14
3,100 30% Jan. 11 425*. May 19
1.600 67 Feb. 24 79% May 19
1,670' 24
Aug. 11 36% Jan. 10
1,210187
210
•19
149% July 21
''8
11% 12%
24% 23%
3658
200 109
May 12
32% July 21
May 14
175
4,390
12,990
5,100
119% 118% 119% S,5.!J,o-xi 97%
75
81
78% 115.356 50
•19
j.n
Mar.
104
115
12
16
31%
82%
111
29
Jan.
Feb.
40
150 36%
70 July
75
109% 109% 109
111
Mar.
12 Jan.
9% Apr.
68% Aug.
13 Jan.
102 Jan.
104% Aug.
15^8 Aug.
69 Aug.
36 Feb.
23% Apr.
59 Mar.
43% Jan.
244% Jan.
17% Mar.
6% Mar.
27 Feb.
19% Mar.
59% Apr.
30 Jan.
71% Mar.
19% Apr.
13% Apr.
97% Apr.
41 Aug.
33% Jan.
16% Jan.
35% Jan.
19% Aug.
450 76
•49% 50% •49% 51
117
;9,910
645
100
200
20
63
19
22
52
117
19
18% 18%
7
200
18,880
265
•28
•18
•62
600
400
45% 47
•250
40% 42%
19% 20%
58
•75
5,693
15^8
21
125
•75
25
5
1,320
32,265
2,6-.i0
43%
21%
•78% 80
115% 117% 117%120i4 119 121
8l2 82il 81% 82% 81% 82%!
" M6
48
46
46
44% 45
pref
.Pix-lflcLandTrust.'.l "•19"
1390.
101
Aug. 19 104
Apr. 8 117
5%
•18% 19%
15^8
257 96 Feb. 1^
6,115 18% Jan. 13
2,300 147 Jan. 2
56,932 xl34%Apr. 2
1,680 14% Apr. 1
7,870 45 Mar. 26
570
8% Apr. 14
67 Jan. 6
250 20% Jan. 20
400 96 Jan. 17
2,600 71 Feb 19
320 xll3 Aug. 11
625
6 Feb. 19
200 22% Mar. 4
250 17 Feb. 28
3,559 60 Aug. 22
31,440 103 Aug. 21
435 86 Mar. 5
35,23'.J 82% Feb. 24
700 33 June 2
3,585 100 Jan. 14
10,435 17''8Feb. 18
264 92 Mar. 4
Do
Southern Pacific Co
1,
Highest
Lowest.
91
100 108
'
71%
71% 70
39
38% 38%
25% 25% 25''8
18
63%
33% 33%
81% 82
23% 24%
99
Paul
94
109
7
'255
32
20
63%
33% 33%
81
81%
25% 24
24%
22% •19
21
58
107% 106% 107
26% 25% 26%
16
16
'37
19% 19%
7%
30
20
34
99
42
22
105
69
'255
19% 19%
30
68%
•89% 71%
65
47 »8
47% 48
'260
23
105
43
106% 106% 104% 10558 104% 105
16% 16%
•70%
43
108
40
105
27% 25
96
93
•90
92
111
109
•5% 7
-5%
•12% 17
-12%
•19% 20
•18%
7858 7858 78% 80
•20
22
20 22
•50
52
49
49
117
117
125
115
•12
la
12 13
125
A
7%
•8^8
42% 43%
42%
47% 46% 47=8 46% 46%
•19% 20% •19% 20%
20
44
42% 43% 42
42%
21=8
21
21% 20% 21
117
H
8t. Louis Alton
T.
. pref.
Bt. L. Ark.
Tex., trust rec.
Bt. Ix>nis
San Francisco
Bt.
Friday,
40% 41% 4058 42% 66,452 30% Jan. 15 50% May 15
4158 42%
4214
400
7%
6% 6% •6
4% Feb. 27 9% May 15
•6% 714 _6^ 658
7,360 71% Mar. 19 84% Aug. 16
83% 83% 82% 83
82% 82% 8358 84
51%
53
10,630
54
52%
53%
51%
51%
Aug. 21 61% June 10
54
52%
119% 121% 3,110 115% Feb. 4 128% May 14
118 121
121% 122% 122 123
•31% 33
30 Mar. 27 36% May 17
•3214 33% •32% 33% •31% 33
20
20% 4,127 19% Aug. 21 27% Jan. 2
2II4
21
21% 19% 21
21
55
58
1,930 55 Aug. 22 66% May 7
58
•59
61% 59% 61% 56
40
1,365 37% Feb. 21 46% July IS
41
41
40
40% 38
41
41
128
135
134
134
128
128
129 Mar. 6 135 Jan. 24
134
128
14
13
•13% 14
•13% 1414 •13% 14
6% Feb. 28 15% June 16
100%
102
101'8
102%
101%
18,893
100
Aug. 21 111% May 10
100
101%
101%
42% 42''8 42% 42% 2,607 26% Feb. 3 46% July 15
43%
43
89
89
89
469
Feb. 3 95 July 14
89
70
89
69''8 70%
70% 71% 69% 70% 69% 71% 85,390 66% Mar.
7958 May 26
116 116%
2,455 112% Apr. 9 123% May 26
115% 117
I1714II714 117''8 118
loss's 108% 14,323 106% Aug. 21 117
May 26
107% IO914 109 109% 106% 109
133 140 Feb. 5 148 May 6
143 144% 143% 143% 142 143
86% 87% 87% 88% 83% 86% 84% 85''8 56,459 83 Aug. 21 98% Jan. 4
•14% 17
14% 17 •14% 17
100 15 JiUy 22 18% Feb. 26
15
15
42
43
•38
42% *37
42% •37
40% Aug. 15 53 Feb. 26
•30
31%
31
490
30'«
31%
31%
30%
30^8
30% Aug. 21 36''e Mav 10
90
220 90 Aug. 7 lOO'fsMay 10
90
92
65
67%
70%
69
69%
65
32,385
70
69
65 Aug. 21 80% June 10
33
20
•24
•20
99
22
101
44
•20
BomeWatertownAOgdensb'K
A
23
106% 107
IO714
17
7II4
pref.
A
6%
105
82%
•78%
pref.
Bio Grande Western
Do
Do
23
2314
63^8
3414
Ohio A
241a
Ohio Southern
•21
Oregon R y A Navigation Co. *99ia
Oregon 8h. L. A Utah North.
43%
Dreg. ATrans-Cont, trust rec
471s
Peoria Decatur A Evansrilie.
20
Phila.AKead.Vot. Trust. Cert.
43 14
BiohmondAWestP't Terminal 21%
Do
9
Kange Since Jan.
Sales
of the
Thursday,
Aug. 21.
41%
145% 143% 144% 143% 144''8
19% 19%
I914 19%
I914
56% 56% 56% 57% 57%
•63%
48
48°8
481a 49%
'255
'255 265
265
Do
Do
29%
165
12% 18
20% 20%
70% 71
2038
26% 26%
pref.
Horthcm
•5%
7
18
71 >4 72
I'ftciflc
Mobile* Ohio
2314
Nash V. Chattauooga& St. Louis 100
New York Central & Hudson 107
•I6I3
Hew York Chic. & St. Louis.
Do
Do
90
71%
•42% 45
•421a 45
10858 IO913 109 109
26% 27%
Z514 26I4
97
•96
9713 •95
•91
•91
93
93
•108%
111
1081a 111
&
Missouri
9
•8'8
Bransvllle & Terre Haute
Great Northern, pref
nilnois Central
Iowa Central
Do
3II4
Wednesday,
Aug. 20.
9%
8% S'a 8% 9%
91)1
77
74 77 •74 77 •74 77 •74 77 •74
•741a 77
23
22% 22% •22% 23% •21% 21% •22
2213 221a •22% 23%
115
125
120 125
120 120
122 122
122 126
1221a 126
78% 79%
80
82
80
79% 80% 82
82
82 821s 82
111 113
110% 111% 110 113
•111 1141s 111 114% 111 113
*7
•8
9%
8
8I2
9% •8
9%
7
9
9
81a
27%
27
27
24% 24% •23
•24% 27% •24% 28
•26
28
•16% 17%
•17
17% 17
17
18
17% 17% -17
•17»8 18
60
62%
63% 63% 6258 63''8 62I4 62% 62% 62% 61% 62
106% 10668 103 10558 103% 105
108 1« 1081a 107 10778 105% 107
•92
•93
93%
•92
94
94
93% 94
94
94
•931s 9413
86
87%
8714 88
87
87% 87% 88% 85% 87
87=8 88%
•43
41% 41%
& Ga
East Tennessee Va.
43
Tuesday,
Aug. 19.
22, and since JAN. 1, 1890.
15.019
42
96
Feb. 28 222
Jan. 31 121
Jan. 10 95
Aug. 7
,„
Mar. 18 119
Apr. 21 23%
18%
80% Aug. 22
E,t dividend.
87
,
,
I
(
i
July 34
Aug. 19
May 21
Jan. 71
Jan. 27
May 30:
May ;«
M
AcnCST
J
f
THE CHRONICLK
28, 1890.]
233
rUICES AT NEW YORK STOCK EXCHANOE {Contlnnei)— INACTIVE STOUKS.
Bid.
Bid.
AMk.1
Ask.
Bid.
120
BiiM.AIrl.lor.jif
1U4
SUSi
BulI.K.Ail-lUa.
pri't.
ill).
77*1.
01.*
.V
Mliui.
I'iili.itn..
Ciil.ACri'ii
iif.
Df».M. AFl.l)
111).
prof
Flint* P. a....
PRICES AT
ISS
S3
e
a-/
7
Ill.C.loamdl's.
00
A Kdkos
N.y.I>aok.4W.
North Am. Co.
3
"o
7
16
I
7
30
20
93
Peortu Ac KiiHt.
12
Pltt«.Ft.\V.&C 104
PltU.4W.tr.re 27
13
16
32
29
60
00
do.
prof.
84
Mah.C.R'y,i>f. 112
10>4 Ronns. A Hiira. 175
Mar.B.&Out'u
9S
Bt.L.AIt.&T.II.
do.
pref.
87
5Tg
0>« South Car. IV
Mox. Nat. cert.
KiiiK«. .tPomb
L. E.
8t. L. 0.
pref.
do,
I
I
•
NEW YORK STOCK EXCHANBE
Ir
ASD MlSCEL. B0KD8.'{n'"
,]Cfo«'iij|
J
Range
(Contlnaed).
tince Jan.
J
I
M
M
M
M
1
.
.
.
. . .
M
BicT
,Va. Mldliind...
44*1 AdaiiiH Kxpr..
08
16
Aiii<!r.
30
38
Cameron
Kxpr...
Amor. T. AC.
BruuKwiok Co.
80
150
I
152
Mliiii.
113
M%
Lanledo riiukpf
MaraballConl.
12
851,
Miiry'il. Coal.
SIlHi
Iron...,
New C«ut. Coal
116
iSH
83'a Ontario Hllvur
in
88
10
j
Col.&II. C. &I. t 27>*
Coiumor. Cable 101 il03
do.
pref.
Coasol.CoalOo.
37
25
V.8. Expreae..
Homee. Mla'g. lOi^l ll>a ;WoU8r.&co.£.
— ACTIVE BONDS AUO.
71
39
1
41 >s 42 'a
I
40
isr
P«nn. Coal.... 200 1300
4
Ph.Nat.Oa«Co.
(I2'«
27'9 QuIckxIlv'rMir.
7<!>,
H--%
27
Coal.
701a;
140
143
89, and tince JAN. 1, 1»90.
Range
1.
Aug.22\
Lowett.
84"*
8H% Mar.
|
Bighest.
tinee Jem. 1.
nighttt.
Loteegt.
I
May
7014 May
2414 May
88
At.Top.A!«.F.-100-yr.4g.l989 J
03
1980, Sept.
54>e Feb
lOO-yciir Income 5 K
'lO b. 12 Jan.
Atl. A Pac— W. 1>. lue., 68.1!U0!
82i3May
1937 J A J| 70
70»a Feb.
Oiiurantiod. 1 (?
1C6 July 110 Feb.
Caii.Siiutb.-l8t guar., 58. 1908, J & J lOO"*
1013
& 8*09 b. 97 Mar. 100% July
2d, ,^8
Couirnlof N. J.— Cons. 78..1899 Q-J jll9 a., 117 Aug. 122 Jan.
1902'M & N124i«b.' 1241s Jan. 128 Feb.
CoU8o1.,7b
GeQeraluiortKBRe, 5 g...l9S7 J & J 110% illO^Jan. 1131a Apr.
Mar. 110 Jan.
Leh.j!\V.l!..con.7».,as'8d.li>0O Q-M *112 b.'llS
IU12:M & N* 103iDa.;103 May 105 Apr.
do inortitatre, 5s
Am. Dock A- Imp., 58.... 1921IJ & j;i08i4a.'107i3 Jan. II013 Juno
Jan 110% Mar.
Centrall'aiMtlc— Gold6»...1898;j & J 113i«l). 112
1890 A & OM02 b. IOOI4 Apr. 10278 Mar.
I>aniU'rant 6 g
Jan.
118 Feb.
Chc». Jt oUio.— Mort. 6g..l91l'A &OM17isa. 1131a
99 la Aug. 1031a Apr.
Istconeol. 5g
1939;m & N 100
09
13 Mar.
R.iA.Dlv.,letoon.,2-4g.l989 J & j\ OS b.
731s Juno
82 July
latcou. g., £.1989:J & J'MOijb. 82 July
do
1989 J & J 73 a. 071a Apr. 77 May
2d con., 3-4 g
Che«. O. * 8o. W.— B g
1911 F & Alio a. 1071a Aug. 1131a Jan.
124 July 129 June
Chic. Burl. & Q.— Con. 7... 1903 J & J' 123
101 ij Aug. 105% Apr.
Debenture 58
1913 M & Nil02
92ie Aug.
90 July
1922 F & aI 92%
Denver Division, 48
Hebraska Extension 48.. 1927 M & N 9114a. 91 14 July 9414 Apr.
Otile.&E.Ul.— 1st, 8. f., OS. 190' J & D 116 a. llOis June- 1181a June
110 Apr. 1211s Jan.
C0D80l.6g
1934 A «k O 121
General consol. 1st, iis...l937lM & N '100 a 93 Feb. 100 Jan.
98 13 May
Chic. Ga.i. L.&C— l8t,3 g.l937 J & J*92 a 90% Jan.
124 5e Jan. I2913 May
Chic. Mil. & St. P.— Con. 7s. 1903 J & J125
let, Southwest Dlv.— ti8..1909 J & J112 b. II214 Aug. 110% June
let. So. Mtn. DIv.— Oa ....1910 J & J112i4b 113
Jan. 11838 Apr.
let.Ch.&l'ac.W.DIv.— 38.192lij & JjlOo b 1051s Jan. 10914 June
Chic. A- Mo. Rlv. Dlv.— 5s 19201
& JlOlHi lOliaJuly 103% June
Wis. Jt Miun. Dlv.— 5 g...l92lij & J 102 b. 103 Jan 100 Juno
Terminal, 5 g
1914 J & j1i03 b 103 Mar. 100 June
Gen. M.. 4 g.. scries A. ...1989 J & J *91
901a Aug. 90% Apr.
(Sue. &N. W.—Consol. 73. .1915 Q— F |145
141 May 144 Jan.
1902'j & D 123
Coupon. Kold. 78
123 Ang. 129 May
Bmkiug fuud (is
1929iA & O 117i2b. 114 Apr. 117 Feb.
Biukimr fund 38
192'J A & O 107 b. 10014 Apr. llOiaFeb.
BmktuKluuddeben. 5s... 19331 M & N 110 b. 109 Jan. 112 Apr.
2d-year debenture 58
1909
& N lOoisb. 1041a May 1081a Feb.
Eitenslon4s
1926 F <t A|*97 a. 90 Jan. 101 Is June
Chic. Peo. ASt. Louis- 5g.l938:M & 8 98%
911s Jan.
991a June
Chlc.R.I..tPac.— 68, coup. 1917 J & J 128 b. 128 July 132 May
Extension & col. 08
1934 J & J 102ia 1021a Aug. 100 la June
Chic.St.I-iPitt.— Con.,5g.l93-' A & O'ilooisa. 100 Jan. lOOia Aug.
Chlc.St. P. M. & O.-63....1930 J & Dll.18 a, 119 June 1231a May
Cleveland &Cauton— 3 g..l917 J & J| 93 a, 91 May
97 Jan.
0. C. C. & I.— Consol. 7 g...l914'j & D* 130i3b I3014 July 135
Feb.
General consol. 6 g
1934 J & Jrl21 b. II714 Feb. 1251a May
Col. Coal i Iron— 6 g
1900 F & Ail03% 103 Mar. 108 Jan.
Col. H. Val. &T0I.— Con. 5 g.l931 M & S! 85 b 73
Mar. 8818 July
General, (i g
1904 J & D! 80 a. 73 Mar. 891a July
Denver & Rio Gr.— Ist, 7 g.1900 M&N-;117isa. ll7i3May 119 Feb.
let consol.. 4 g
1930 J & J 81%
8413 June
761a Jan.
Det. B. City & Alpena— g.lul3 J & JlOO a. 99
Mar. 100 Jan.
Det. Mac. & M.— L'd grants. 1911 A & O 33
34 Aug. 391a May
I>ul. & Iron Range— 38
1937 A & O lOlisa. 99 July 102=8 Mar.
Dul. So. 8h. & Atl.— 3g....l937 J & J*9(il3b. 92
Jan. 101 May
E. Tenn. V. & U.— Con., 5 g. 1930 MAN* l<J5i4b 103 la Jan. 108
Apr.
KiiDXviUe <S Ohio— g...l925 J & j; 10914b. 108 la Jan. 113 .Juno
Eliz. Lex. & Big San.— 6 g..l902
& 8*91 b. 901a Apr. lo4 Jan.
Ft. \V. i! Deuv. City-« g...l921 J & IHO414
1031a Feb. 110 May
Gal.H.&Sau An.— W.Dlv.l8t,5 g. M & N *94i2b. 93 May
95%, Apr.
Han. i St. Jos.— Cons. 68 ..1911 M & 8
116 June 121 Feb.
Illinois Central— 4 g
IOOI4 Apr. 102 14 Mar.
1952 A & O
Int. & Gt. No.— l8t,
g ....1919
& N115 a. 10914 Jan. 1161a May
Coupon. i> g., trust rec...l900
& 8*85 a. 7314 Jan. 89 .May
Iowa Central- 1st, 3 g
91 May
1938 J & D 86 a. 85 Jan.
Kentucky Central- 4 g
1987 J & J 83
82 July 85% June
Klni.'s Co. El.— 1st, 5g
1923 J * JlOOis 100 Aug. 103 Jan.
LiicledeOas— 1st, og
1919 Q— F
79 b. 80 Aug. 89 May
Lake Erie A West.— 5 g
1 937 J
& J'l09 b, 109 Apr. 112% June
Lake 8horc.-Con.cp..lst,78.1900 J & J -123 a. I2214 July 128 May
Consol. coup.. 2(1, 78
1903 J & D124
122% July 128 May
LoiiL' IslaiKl- let, con.,5 g.l931
Q^I IllO b. 112 Aug. 118 July
li.uiial mortgage, 4g...l938 J '& V' 94isa. 94
99 Jan.
J une
Loin^v.i.\a.iUv.— Con.,78.1898 A & O 117
115 Jan. II9I8 Mar.
N. O. JiMoi).— Ist, 6g...l930 J & jIllO
II314 Jan. 121% June
1930 J & J 109
106 Jan. llOia Feb.
„ ,?".-, 2d,0g
E. lI.iN.-lst, Gg
1019 J & D113
113 Jan. IIOI3 May
<,eiieral.6g
1930 J & D114
113 Jan. llOiaMay
'«»'3g;
1937 M &N' 108 ija. IO512 Jan. 1091s June
"lateral trust, 5 g
1931 M & N 10512a. 10413 Juuc 110 Feb.
LoiiU. X. A. it Ch.— Ist, 68.1910 J & J 111 ,». 11213 Aug. 119
Feb.
Consol., Og
1916 A & O.lOlisa 93% Apr.
05 Jan.
I.<)uis. St.L. ifeTcias—0g..l917!_
F & a' 9913b. 97 14 Feb. 104 July
.Metro. Elevated— 1st, 6 g.. 1908^1 <t
J II2I3 112 Jan. 117 May
.,':''• "?
1899 M & N 10714a.
;
Feb. 110 Apr.
Mich. Ceut.-lst, con., 78. 1902 .M & n;*124 b 103'e
123 May 120 Apr.
1902,M
tills Mar.
N
110
a.
108
July
&
.,V,"'!"'"'"J'»--,-u-.
M
l.Lakebh.iW.-lBt,0g.l92I;.M & N:i20i4b. 119»a June 125 Apr.
'',"•••.?
1929
F
103
A'102
101
Jan.
?
&
14 Jan.
un""."*?*
MUw.
A NortU.-M. L., 08..1910 J
DIIII3 1091a June 1131a May
1st, con.. Os
1913 J
lllij
D
lOSia Feb. 113i4.May
M.K..<iT.— New 4 g., when Issued J
D, 781a
82 June
731a Mar.
New 2d 5e, when issued.
J
D 48 b. 431a Apr. 357,} May
Cousol., g., trust rec.
1920 J
D' 81i«b. 72I2 Jan.
8838 .May
Consol 5 g., trust rec... 1920 J
D 70 b. 611a Jan
701a June
Mo PacUlo-lst, con., Og.l920M
& N llOiia. 109 May 113 Apr.
•••,•;
M
1906
N
114
Aug.
120
114
a.
Apr.
&
P.-. \J»M
Pac.ofMo^-l8t,cxt.,4g.l»38
F & A 93 b. 95 Aug. tolls Jan.
"a uiort., ,s
1891 J A J
July 103 Mar.
100
Mobile &Ohio-Now, 0g..l927 J & D
il4"b. 11218 Aug. 117 Apr.
General luorteagc, 4s.... 1938
& 8 00
3714 Jan.
07 July
Mutual Lnlon Tel.-6g.. ..1911 ^1
& N 102iiib. 100 May 104 Aug.
Note—' b
uiloatos price bid, and " a" price atkal; the Range !•
M
&0. Cent
"I lYlCC
rcrto*/.
&
iTol.
_,
M>4
Hales.)
I
no
UtIca ABI.K.g. 130
00
OrcK.Iiiipt., pf.
&
35
North.
3<« MorrlH
prof.
<
BAILBOJtl)
3
MUw. &
Kvok.&DesM.
ilo.
711
3S
4
Burl.C.R.&No.
Cril. K.
107
o.n. w.*8t.p.
HniiH.ikTex.O.
IndmttKH actual
il.
I
171
Alli'llVitSimq
«rll.>V.'*o. ni.pf
(t
"Biar Auk.
Ask.
Nash. Ch. &St.L.— l8t, 78.1913'j & Jil29 a. 128 July 133 Jan.
Cousoi. 5g
1928'A <feO*107isb. 100% Jan. 1111 May
10i:i8 May 10408 Apr
N. V. Ccutral— Extend., 58.1893M & n'102
1st. coupon., 7s
1903 J & J *127 b. 127 Aug. 132 May
Dcbcn. 08, coup., 1884... I904IM & 8 *109 b. 110 Mar. 113% May
N. Y. & Harlem— 78, rcg...l900 M & N *124 b.il24% May 128
Apr
N. Y. Chic. &8t. L.—4g....l937|A & O^ 93
92 Aug. 97 Jan.
N. Y. Elevated— 7s
190o'j & J 112isb.ill2ia July 117%Juna
N. Y. Lack. & W.-l8t. 0S..1921 J & J 131iaa.'131
July 134% Apr.
Construction, 38
1923;F & A'HI a.llO Aug.' 112 M^y
N.Y. L.E. A W.— lst,Con.7g.l920;M & 8I137i*a.|134ia Apr. 139% Jan,
i
LongDock, 78
1893 J
1933'a
lOOOJJ
Consol., Og
consol., 6 g
2d
A D'l07%b. 107 June 110% Mar.
& O 120iab.lll9 May 122% Jan.
98% Mar. 107 May
& D 10138
& 8 Ill b. 11038 Mar. 113% Feb.
& D 9714a. 96 Mar. 101 May
& J *97 b.' 961a Apr. 10138 Juno
A & O 115 b. 113 Apr. 118 Feb.
_
& J 90 b. 93 Mar. 99% Juno
& J 11538b. 113% Jan. 119 June
& O 114 b. 110% Apr. 110 Aug,
& D llliaa. 109 14 Jan. 113% May
104 14 Mar. 110% Apr.
M & 8 1091a
& J 109 laa. 100 Jan. 113 May
& J 114 a. II314 July '117 June
OhioSoutuem- let, 0g....l921 J & D 104 b. 100*3 Jime ,iil%May
General mort., 4 g
1921 M & N 031a
59 Apr.
08 May
Omaha & St. Louis—4 g.... 1937 J & J 70 b. 71 Aug. 80 June
Oregon Imp. Co.— 1st, Og.. 1910 J & D 103 b. 101 la Jan. 106 May
Ore. R. & Nav. Co.— Ist, g. 1 909 J & J llOia
109 Feb. 113 Jan.
Consol., 5 g
1923 J & D 101 %a. lOOie Aug. 104% Mar.
OrcgondtTranscon'l— 0g..l922JM & N lOOifia. 103% Jan. 107% Apr.
Peun. Co.— 41a g., coupon .1921 J & J 107
107 July 110% Mar.
Peo. Dec. & Evausv.— 0g..l920 J & J
101 Jan. 109 Apr.
EvansvUle Dlv.— 6 g
1920' MAS 101%b. 100
Mar. 100% Mar.
2d mort.. 5 g
1926 M & N 69
00 Mar. 74 May
Peoria & East, consol. 48.. 1940 A & O 791a
7913 Aug.
83 Juno
Income, 4s
1990 April. '30 a. 29 Aug. 34% June
Phlla. & Read.— Gen., 4 g. 1938 J & J 8OI3
80 Aug. 87 Jan.
l8t pref. income, 5g
70
1938 Feb.
02 Mar.
80% Jan.
2d pref. incomes g
31 b. 431a Mar. 38% May
1958 Feb.
3d pref. incomes g
43
1958 Feb.
36 Mar. 49 Jan.
Pittsburg & Western— 4 g..l917 J & J 79 a. 79 la Aug.
83 May
Rich. & Dauv.— Con.,
g. .1915 J & J lieiab. 1151a Jan. 118% June
Consol., 3g
1930 A & O 90 b. 871a Apr. 94 June
Rlch.&W.P.Ter.—TrustOg 1897 F & A 98iaa. 98i4Aug. 103 Jan.
Con. lst& col. trust. 5g.l914fM & e 77
83 May
701a Aug.
Rio G. Western— 1st, 4 g. 1939 J
09 '8 Mar.
78 May
J 74
R. W. & Ogd.— Con., 5s.. ..1922 A & O 110
107% Apr. 112% Mar.
St. Jos. & Gr. Island— 6 g..l925 M & N lOeieb. 104% Jan.
107% Apr.
8t. L. Alt. &T. H.— 1st, 7s. 1894 J & J 109 b. II Ola Jan.
113 June
2d, pref., 78
1894 F & A* lOOisb. 1 03 la May 111 Jan.
Bt.L.Ark.ATex.- l8t, 68, t'st. rec.
9838 May
881a
801a Mar.
28 a. 27 Aug. 3238 May
2d, Os, 1936, tr. rec, all ass.pd,
St. L. <k IronMt.— 1st, 7s.. 189: F & A lOliab. 102
Aug. 108 Jan.
2d,7g
1897 M & N 100 b. 100 May 109% Feb.
Cairo* Fulton— Ist, 7 g.l891 J & J 101
100 July 103% June
CalroArk. ATexaa-7g .1897 J & D 100 lab. 102 Se Jan. 107 May
Gen. R'y & land gr., 3 g. 1931 A & O 93
88 Jan.
93% July
8t L. & San Fr.— g., CI. A. 1900 M & N 111 b, 112i4Feb. 113 June
6g., ClassB
1900 M & N 111 b III Aug. 113 Apr.
N. Y. Ont. &W.-l8t,0g...l914M
Consol. Ist, 3g....
1939 J
N. Y. 8U8. & W.— l8t ref., 5 g.l937 J
Midland of N. J.— g
1910
Norf. & W.— 100-j'car, 3 g.l990 .
J
North. Pac— 1st, coup., g.l921J
Genoral,2(l, coup.,
g...l933iA
General, 3d, coup. 6 g
1937|J
North Pac. & Mon.—6 g...l038
No. Pacitle Ter. Co.— g...l933 J
Ohto&Miss.— Consol., 78. .1898 J
'
;
.
.
. .
<fe
.
MAN
111 b, lllHAug. 1 14% Apr.
1900
g.. Class C
General mort., 6 g
1931 J A J *111 a. IO914 Feb. 115 June
M. & M.— Dafc.Ext.,6g.] 910 MAN' 11838a. 117''8 Feb. 120 Mar.
let consol., Og
1933 J A J' 11914 a. 115% Jan. 120 Jan.
Do
reduced to 41a g...
A J 10014b 100 Feb. 102% Juno
Montana Extensiou 4 g..l937
A D 90 a. 801a Jan. 92 June
San A. & Aran. P.— 1st, Og. 1910
A J 08 b. 70 July 88% Juno
l8t,0g
90 Juno
1920
eo'e Aug.
A J 70
*123 b 113% Jan. 1255e June
|8hen.Val.— l8t,7g.,Tr. rec.1909
General Og., Trust rec... 1921
38 a. 48 Jan.
60% June
101 lab. 96 Jan. 100% May
80. Car.— Ist,
g., ex coup. 1920
12 a.
Income.Os
12% June
1931
'71s Jan.
80. Pac., Ariz.—6 g
1909-10
A J lOSisb. 105 July 108 Juno
116
lis
Jan.
b.
112
Apr.
80. Paoitlc, Cal.— g.
1905-12
A O
Ist, consol., gold, 5 g
193X
A O loo b. lOOie Apr. 103% Mar.
105
h.
10514
Juiy
109
June
So. Pacitle, N. M.— 6 g.
1911
A .1
Tenn. C. I. & Ry.—Ten. D., ist, Og
A O 95 b. 90 13 Apr. 104% Jan.
ll.
Jan.
Birm. Div.. Og
95
Aug.
103%
1917
A J
931a
Tex. &Pac.— Ist, 5 g
2000
A D 90 b. 90°8 Jan. 90% May
43% May
2d, income. 5 g
2000 March. 39
371a Apr.
104
Tol. A. A. & N. M. 6g
102 May 107% Jan.
1924
Tol. A. A. AGr.Tr.— Og
1921
A J 108 b. 107 Jan. Ill June
Tol. A Ohio Cent.— 3 g
1935
A J •107 a. 102 Jan. 108% July
80% May
Tol. Peo. A West.— 4g
70 Jan.
1917
A J 78
Jan.
Tol. St. L. A Kan.
g..l910
A D 98
971a June 101
Union I'acilic—e g
1899
A 114%b. 11458 Aug. 118% Mar.
Sinking fund, 88
1893I.M A 8 114 b. 112% Mar. 116% Feb.
Kansas Pacitle— Ist, eg..l893iF A A 109 b llOia May 112% July
l8t,eg
1S96 J A D 11138 110 Jan. 113% Mar.
Denver Div.—6 g
114 b. 113 Jan. 117% Mar.
1899'M
114
lstconsol.,Og
II314 June 118 Mar.
1919 M
OreKon Short Llue—G g..l922lF A A 112 a. 112 Aug. 110% Jan.
03% Jan.
Or.S.L.AUt'UN.— Cou.5g.l919iA A O 941a a. 92% Apr.
Umon Elevated— g
1937;M A N lOOiab. IOOI4 May 110 Aug.
Virginia Mid.- Gen. m.. 3s, 1930
84 b. 83 Mar. 88% Apr.
do
stamped guar. M A N 83 b. 80% June 90 Apr.
Wabash— Ist, 5 g
100 la 100 Aug. 103% Apr.
1939 M
77 Aug. 80% Jan.
2d mortgage, 5 K
1939. F A A 78
Debeut.M., scries B
1939 J A J 48 14b. 45 Aug. 57 May
West Shore— Guar.. 4s
2301 J A J 103 14 103 Aug. 100 1% June
West. N. Y. APa.— Ist, 5g.l937|J A J 97iab. 9214 Jan. 102% Jun»
40 May
2d mort.. 3g., 38C
1927tA A O 30 a. 29 Jan.
Mar. 102% Jan.
West. Un.Tel.—CoL tr.,33.1938 J A J 99 %a. 99
Wheel. A Lake E.— let. 3 g. 1920 A A O 107 %a. 102% Apr. 107 June
Wis. Cent. Co.— let, 5 g
1937|J A J 98 b. OO'^s Jan. 104% Apr.
51 b. 31 Aug. 09 Jan.
19371
Incomes g
8. P.
.
. .
.
MAN
C—
AN
AN
MAN
I
made up from astual sales only.
AN
* Latetit
price this week.
—
THE CHRONICLE
284
NEW YORK STOCK
PRICES AT
Bid.
SECURITIES.
86
.
1925
1988 107%
Cods, mort., irold, 58
B. & O. 8. W., Ist, R., 412S...1990
MoJion. Riv.— 1st )fu., g., 5.'", 1919
1936
Beech Creek— 1st. KOld, is
Bost. H. Tun. & W.— Del). 5s. 1913
Brooklni Elev.— Ist, «., 68...1924 110
1915
& Pitt*.— Gen., 58.1937
Koch. & Pitts.- 1st. 68
1921
do
Consoiidat'dl8t,6s.l922
Burl Ced. Rap. & No.— Ist, 58.1906
&
Minn.
Iowa
&
Funded coup., Ss
C.
&
111^2'
'1161*
103
& S. W.— Moitg.
90
L.— Ist,
Ced. Rap.
&
Ist, 5s
1921
Central Ohio Reor.— 1st, 4i28.1930
Col.A Cin.MId
l.«t,ex.4i.i8.1938
Cent. RR. & Bank.— Col. r.Ss. 1937
8av.& West.— Ist con. etd.5s.l929
Cent, of N. J.— Conv. del)., 68.1908
Central Pacific— Gold bds, 68, 1893
Gold bonds, 68
1896
Gold bonds, 68
1897
San Joaquin Br., 68
1900
Cal. & Orccon— 8er. B. 68. .1892
Mort. gold 5s
1919
West. Pacific— Bonds, 6s
1899 111
No. RaUway (Cal.)— l8t, 68.1907
SO.year 58
1938
Ohes. A O.— Pur. M. fund, 68.1898
—
•<.
I37I2
114
141
112
92
75
1969
1977
—
ABk.
Bid.
(Continued)
Cent. Washington— l8t,g.,68.] 938
108
West—General, 68.193 119 120
New River, let 69
1932 111
1934 1091a
Imp. & Ext, 63
109
Adiustment M., 79
."tr-...192.|
Equipment, 5s
1908
Clinch Val. Ist 5s
1957
98
Ogrt. & Lake Ch.— 1st con. 68.. 1920
Ohio & Miss.— Cons., S.F.,7s. .1898
114
•2d consol. 7s
1911 *123ia
Springfield Div.— 1st 79
1905 110 115
1932
100
General 5s
1936 100
Ohio River RR.— 1st, 53
1937
91
General mort, gold, 5s
92
1921
Ohio So.— lacome, g., 6s
Oregon & Calitomiar-lst, 58.1927
101
Oregon Imp't— Cons. g. 53...193:( *
Oreg.Ry&Nav.— Col.tr. g..5s.l919
Penn.BB.-P.C.&8.L.-lst,c.,7s.l900
Norfolk*
'US'*
118 II913
118
II912I
100
1909
Jeffer-ion- Ist, gu. g. 58
Eureka Springs R'y— l8t,6e.g.l933
Evan. & T. H.— Ist, cons., 68.1921
1923
Mt. Vernon— 1st 68
Evans. & Indian.— 1st, cons.. 1926 109
Fllnt&P. Marq.— Mort., 63. -.1920 120
1939
Ist con. gold, 58
Fla. Cen. & Pen.— Ist g. 58.. ..1918
99
Gal. Har. & San Ant.— Ist, 68.1910
....1905
95
2d mort, 78
1931
West. Div., 2d 6s
95
Ga. So. & Fla.— Ist, g. 63...... 1927
Grand Rap. & Ind.— Gen. 58.. 1924
Green B. «. &8t. P.-lst 68..1911
2d income, Ist subs, paid
1937 105
Housatonic— Cons, gold 58
7s, gu..l927
We.st,- Ist, 78
1909
I. F.
U., let, 6S.1920
St.
90
Quotatitms.
SECURITIES.
Northern Pacific
& W.—
Income, 69
Buff.
BONDS—Latest
Ask.
Bid.
1920
Ist, cons., fd. coup., 7s
1908
Reorg., l9t lien, 6s
1916
E.— Ist, 78
B. N. Y.
Col. tr.,68.1922
N. Y. L. E.
2cl, 3-5s
Buft. Roeh.
Consol. Acollat. trust, 58. ..1934
SECURITIES.
E. Tenn. Va. & Ga.— (Continued)—
1938
Eq. &lmp.,g.,5s
Mobile & Birm.— 1st, g., 58-. 1937
Alabama Central— Ist 68... 1918
1897
Erie— l9t, extended, 78
1919
2d, extended, 58
1923
3d, extended, 412S
1920
4th, extended, Ss
1928
5th, extended, 4s
Railroad Bonds.
58, (Told
EX<.'HA.N«E (Continued),— JiVACr/Fi;
Ask.
(Siork F.zchnvgr Prices.)
Alabama Mid.— Ist, g., 68 ....1928
Atlantic & Danv.— 1st g., 69. .1917
Atl. & Pac— ad W. D., }?ii. OS,, 1907
Bait * Ohio— Ist, 6s, Park B.1919
fVOL. LI.
68.... 1908
107
,
119
115
Pitts.
98
9612
Ft W. &
C— Ist 78... 191
144
1912
2d, 78
1912
3d, 7s
Clev. & P.— Cons., 8. fd., 78.1999 *
1271a
1892 •102 IO314
4tb, sink, fund, 68
St L. V. & T. H.— Ist 6s., 78.189 112^8 ••->
1898 110
2d, 7s
1898 110
2d, guar., 7s
123
Peo.&E.-Ind.B.&W.-l9tpf. 78.1900 *
Ohio tnd.&W.— I3tpret68..1938
Peoria & Pek. Union— 1st, 6s. 192] *no%
67
1921
2d mortg., 4I2S
» 41i«
N. Haven* Derby, Con9.58..1918
Phila. & Read.— 3d pref. convert
Hous.&Tex.C— Ist, m. 1. Ts.Tr.reo.
1922
&
Tol.—
lat,
63...
Pitt9. Cleve.
1922 *ii8'
West Div. 78,Tru9t recelpt8.1891
Pltt9. Junction— 1st 6s
1901 106
l8t Waco & Kor.— 78
1932 •120
Pitts. Mc. K. & Y.— 1st 6s
2d m.8s.M. 1. Trust receipts. 1913 1131s
97
Pitts. Painsv. & F.— 1st, 5s. ..1916
Gen. mort. 6s,Trust receipts. 1925
Pitts. Y. & Ash.— Consol. 58.. 1927
68. gold, series A
1908
lUlnois Central— Ist, g., 48 ...1951
106% Presc't & Ariz. Cent. 1st, 6s,g.l916
95
^e«. O. & So. West.- 2d, 6s. .1911
1951
l8t, gold, 312S
90
93
1916
40
2d income, 68
Chicago <fc Alton— iBt, 7s
1893 *105
Sprlngf. Div.- Coup., 68....1898
Rich. & Dan v.— Debenture 68.1927 105
einking fund, 68
1903 *121
Middle Div.— Reg., 58
1921 114
1909 * 84
Equip. M. 8. f.. g.. 5s
louis. & Mo. River- 1st, 7s.l900 *115
C. St. L. & N. O.-Ten. 1., 78.1897
112
Atl. & Char.— Ist pref., 7s.. 1897
„2d. 78
1900 *115i3
Ist, consol., 78
1897
Income. 6s.... 1900 id^ii
do.
Bt. li. Jacks. & Chic.— l8t,78.1894 109
2d, 68
...1907 118
Og.— Ist M., 7s. 189 no3i2
Rome
Wat
&
Ist, guar. (564), 78
1894 109
Gold, 58, coupon
1951
120
1 925
45
St Jos. <t Gr. Is.- 2d inc
2d mort. (360), 7s
1898
Memp Div., 1st g. 43
1951
95
86
Kan. C. & Omaha— l8t 59.. 1927
2d, guar. (188). 78
1898 il2'
Dub. &8.
2dDiv., 78...1894
&T.H-2dm.iuc.79.l894 i06 110
St
L.A.
Miss.R. Bridge— l8t, s. f., 6s.l912 105
Ced. Falls & Minn.— 1st, 78.. 1907
"85ii
1894
51
60
Dividend bonds
Ohic. Burl. & Xor.—Deb. 6s... 1896
Ind. D. & Spr.— Ist 7s, ex. cp.l906
Bellev. & 80. 111.— l8t 88. -.1890 114
Chic. Burling. & Q.— 53, 8. f..l901 loiis
Ind. Dec. & West.- M. 58
1947
1923 106
Car.—
6s
BeUev.
&
Ist
Iowa Div.— Sink, fund, 58.. 1919 107 k
2dM., inc. 53
1948
30
Chi.StL.&Pad.- I8t,gd.g.5sl917 101
Sinking fund, 4e
1919 95 >« 95»<! Inter. & Gt. Nor.— Coup. 68... 1909
84
St. Louis So.— 1st, gd. g 48.1931
Plain, 4s
1921
92VlKan.C.Wyan.<kN.W.— Ist, 58.1938
50
do
2d Income, 5s. 1931
Chic. & Indiana Coal— Ist 58.1936
L. 8h. &M. So.— C. P.&A.—78.1892 IO5I2
&Shawt—
4S....1932
80
Car.
Istg.
Ohl. Mil. & 8t.P.— l8t,8s,P.D 1898
Bufr. & Er.—New bonds, 78.1898 II8I4 118% St L. & I. M.— Ark. Br., 1st 7s. 1895 106
1081a
Zd. 7 3-109, P. D
1898
Det. M. &T.— Ist, 7s
1906 125 130
St. Lou AS.Fran.— Equip., 78,1895 100
Ist, 78, S g., R. D
1902
Lake Shore— Div. bonds, 79. 1899 119 121
* 98
1931
General
09
Ist, La Crosse Division, 7s. 1893
Mahon'g Coal RR.— Ist, 5s. 1934
1987 * 9II2
Ist trust, gold, 58
l8t, I. & M., 7s
1897
1 .Itchf. Car.& West.— 1st 68. g.l916
98
98
Kan. City & S.— 1st 6s, g...l916
Ist, I. <St D., 78
*
1899
Ixing Island— 1st, 78
1898
118
120
ee...l910
115
Ft S. & V. B. Bg.— Ist
l8t,C.&M.,78
1903
N. Y. & R'way B.— 1st, g. 58.1927
Paul
&
Duluth—
St
I8t58....1931
Ist, I. & D. Extension, 78... 1908
2dinortg., inc
1927 371s
1917 104
107
2d mortgage 5e
1st, La C. & Dav., 58
1919
Brooklyn .& Mont.— Ist, 6s. .1911
8t Paul Jlinn & M.— 1st, 7s.. 1909 nil
l8t,H. & D., 78
1910
1st, 5s
1911
1909 ni8
2d mort, 68
Ist, H. & D., 58
1910
102 14
Smithtown&Pt. Jeff.— lst,78 1901
Miniieap. Union— let, 6s
1922 •110
^
Chicago & Pacific Div., 68..1910 113
Louis.Evan.s.<t St. L.— Con.58.1939
89
II7I3
90
Mont. Cfen.— 1st guar., 68.. 1937
Mineral Poiu t Di v. 58
1910
Louis. <fe Nash. —Cecil. Br, 78.1907 106
112
div.
Ist
58.1908
East
Minn.,
l8t
C. & L. Sup. Div., 58
1921 *ibi"
Pensacola Division, 69
1920 107
San Fran. & N. P.— ist, g., 58.1919 +
101
Fargo & South., 6s, A8su...l924
St Louis Division, Ist, 68.. .1921 115
Scioto Valley & N. E.— let 49,1990
80
Inc. conv. sink, fund, 59. ...1916
2d, 3s
1980 66
Valley— Inc., Gs.l923
Shenandoah
Dakota & Gt. South., 58.... 1916
IOOI2
Nashv. & Decatui^]st,78..190O 116
Sodiis
Bay
So.—
Ist,
5s,
g...l924
&
Ohio.&N.\\.-E3C.A-L.S.l8t,68.1901
8. f.,68.—8. & N. Ala
1910 105 110
1931
South Carolina 2d, 69
pes M. & Minn.— Ist, 78.... 1907
"95'
i28
10^0, gold, 63
1924 104
80. Pac. Coast— Ist, guar., 43. 1937
lowaMidland— 1st, 88..
1900
Pens. & At- 1st, 68, gold... 1921
106
Texas Central— Ist s. f ., 7s. .1909
Peninsula— l8t, conv., Ts... 1898
Nash.
Flor. <& 8 Ist gu. 5s.,1937 100
IOII2
Ist
mortgage,
1911
78
Chic. & Milwaukee— Ist, 78.1898
1181s Louisv. South.— 1st, g. 69
1917 .90
Texas &New Orleans— lst,78. 1905
Win. A St. P.— 2d, 78
1907
Lou. N. O. & Tex.— Ist, 49
1934
1912 ids
Sabine Division, Ist, 6s
¥''• * Maf-l8t, 68
1905 ^w
2d mort, 58
1934
Tex. & Pae.. E. Div.— 1st 68.1905 10838 110
*•
P--l8t,58..1909
*109
Memphis
Charl.—
&
S
.UvS,^*gold..
1924
63,
100
•111
Third
Avenue
(N.Y).—
1937
Ist
58,
113
KortheriiUl.— Ist, 5s..
1910
1st con. Tenu lien, 7s
1^15 120
1917 104
Tol. A. A. & Cad.— 63
C^c•*= Pa«-'st, 2i2s.:i905
Mexican
National—
5;
V
Ist,
68.1927
g.,
95
Tol.
A.
A.
AMtPl.1919
68
Des Moines & Ft. D.-lst, 48.1905
2d, income, 6s, "A"
1917
Union Pacific— l8t, 68
1896 110%
Extension, 48...
1905
2d, income, 68, "B"
1917
Kcokiik & Des M.-l8t; 5;: :i923
1897 111%
1st 68
Michigan
Central— 63
1909 119 122
Chic. St. P. & Kan. City—5s. 1936
63
1898 II3I4
1st
Coupon, 58
1931 115
Collateral
1908
IO7I4
Trust
6s
58..1934
Mortgage 48
ri^,'."sf' P^i; S'r^^H '^1940
Collateral Trust, 5s
Chie.St.P..V
1907
95
Miun.-l8t.68...1918
124
Jack. Lan. &8ag.— 63
1891
St. Paul &SC. -181,68
Collateral
Trust,
413s
1918
85
84
1919 •lasiss
Mil.L. S.&W.— 'onv.deb., 5s. 1907
100 13
ChHJ. &
C. Br. U. P.— F. c, 7b
1895 100
^
Ind.-l9t, s. f., 68.1919
Mich. Div., 1st 68
1924 113 1141s
Atch. Col. & Pac— Ist 6s... 1905
General mortgage, 6s
941a
1932
Ashland Division- let, 68 ..1925
121
Atch. J. Co. & W.— 1st 6s... 1905
95
*,D--con.
8. f., 78.1905
Incomes
OH ""i^100
2d,
gold, 412S
U. P. Lin. & Cid.— Istg., 53. 1918
OJ
1937
Mlnn.A St. L.— la. Ex.,i8t, 78.1909 90
an. I. St. L& Chlc.-l8t,g.,48".1936
U. P.D. & G.— Ist, con. g. 58.1939
86 12 87ia
100
1"--^
19^7
103
Consol., 68
106
Oreg.8.L.&
U.N.,col.tr8t,58.1919
96
i%*'^1920
2dmortg.,78
i89l
60
UUvh & North.— 1st 79
1908
Southwest Ext.— Ist 79.
1910
90
Gold. OS
L-; Cairo div.-48, 1939
1926
Pacific
Ext—
ri Pni 7h^'let 63
1921
90 100
Utah Southcm- Gen., 7s
1909 iiiij
*', I^"!— l8t, 78,s.f.l899
Impr. & equipment 6s
^i^:.
V"Consol.
1922
sink, fund, 78
Exten., Ist, 79
1909 111
1914
Clcve. & Mah. V.— Gold'Ss" 1 Q-<«
Valley K'y Co. of O.— Con. 69.1921
H!""-;,* ^*«;r\*' inortg., 53.1936
L04%
;Mnn.S.8te.M.&Atl.-lst 58.1926
Colorado Midland-isCg, 68.11.36
Wabash— Deb. M., 9erie9 "A". 1939
flaciflc -Trust 56... 1917
Consol. g. 49
95
No. Missouri— 1.St, 78
96
1895
112
w'^un""'.'
[Mobile & Ohio- 1st ext, 68.. .1927
StL.K.C.&N.- B.E.ARR.7S.1895
1114
^'e«°-lM. 6s: 1916
St L. & Cairo—48, guar
"e^'* ^
1931
79
StCharles Br'ge— l8t,6s. .1908
1 10
Morgan's La. & T.— Ist 69.... 1920 105
Del.Wk! &"w.-cbnVc"rr78;i892
West Va. C. A- Pitts.— 1st, 6s. 1911
l8t,78
iqio 129
Mortgage 7s
Wheel.&LE.(W.D.)— l^,g.,5s.]928 100%
1907
Nash Chat & St L.-2d; 68::i901 *110is
.YliMcellaneuus UoikIm.
1121a
* ^- Y.-lstV7"8:i906 «132
New On^ns & Gulf-ist, 68 .1926
&;2^^i"'t
E88ei-l8t,78....1914
Am.
Water W Co.— Ist 6s.... 1907 108
*
2^S'*'
N. O. &. No. E.-Pr. I., g., 68.. 1915
IQOl ibiis
1st con., golu, 5s
S**. 'S
1907 99%
;N.
Y.
Cent—
Deb. g. 43
Bonds, 7s.
1905
Boston
Un. Gas— Tr. cer. 58. .1939
i|}^
120% IN. J. Jiinction-Guar. ist, is". 1986
";:;
Tsof 1871
Cahaba Coal Min.— Ist g. 78.. 1907 106%
'1901
l»t,con., guar.,
r-|lS' V ?•,?•
f H.-let, reg. 48.1903
1091s Col. & Hock. Coal &I.—6s,g.. 1917 100
7»...!;;y.i9i5
Del 4 Hud. Caual-l8t,78
? Northern—Ist, g.. 58.1927 107 110 Cousoru Coal— Convert. 6s. 1 897
^oi1891
Za, 48
1st, extension, "8.
1927
62
Edison Elec. III. Co.— let, 58.1910
isqi
99%
98
Coupon. 78
7612 80
Equitable G. & F.— 1st 6s
{sal
S- "'^U?"**!' *^est-2d,"4ii8:i937
1905
97%
Pa.5lv., coup., 7k
e- con-, K. 5.1 989
92
94
Hackensack
Water—
iq?7
let
5s..
1926
?Ji'^.J'
/""r^ibi"
Dlvidd scrip ext...
Albany & 8u8q.-lgtV^".;78.1906
*106
Henderson Bridge— Istg. 68.1931 110
James
River
1st, cons., guar., 68
Val.-lst, 68.V.1936 *104
Iron Steamboat Co.— 6s
1901
1906
Spokane & Pal.— Ist, (Is
Kens. * Sar.— 1st, coup.,
1936 IO8I2
Nation'l Starch Mtg.— Ist, 68,1920
iba"
78.1921
StPaul & N. P.-Geir68'l923
Northwestern
Telegraph—
1221a
1904
78,
Helena&RedM'n— Ist ir 6s 19')7
People's Gas & Coke ( 1st g.68,1904
1031a
Duluth*Manitoba-i;^;tr68}936 107%
Co., Chicago
9814
?• ^^-.^ Ga.-l8t, 78.. .1900
94
j 2d g. 63,1904
nf^
I>i
visional Ss
fQqn
^nfi'V ^"*''-"i^--l'<l68.1937
?.S
1071a Philadelphia Co.— 1st s. f. 6s. 1898
C«»urdAlene-l8t,
i«text.goid.5B....:;;;::::{ga"»
69, gold. 1916
111%
Union
West
Tel.—
7s...
1875-19(KI
ii4%
Gen. ]8tg.,6s
1938
Woodstock Iron— l8t, g. 69. 1910
* No price Friday; these
are the latest quoUOons made this
week
.
.•
C—
,
'
.
.
W
. .
)
..1940
^d
: .
.
. .
.
. .
J
ACKIUST
J
.
.
THE CHRONICLE.
23, 1890.]
Qiiotatioii'tln Koston, PliMn'lt^IiihUaiiil ltaltlmi>r .— lixlonr
an) quotations of active atoclu ftiiil boadii not Kentirally quoted
A ^lll IJgt is given the 3 1 Satunlay of each month.
ja N. Y.
236
New York VAtj Kank
10, IHUO, ia
Htatenient for the we«k Hndins Ang.
W« omit two oiphsri (00) in alloatti.
as followa.
Leuw
Oavttot Survliu,
SKrt'RITIES.
Ask.
Bid.
BItHTON.
STOCKS, t
iRnnt.
[L»>llll{
liillTi'Icphone.llMi
Alcli. Tiii^i'kii * 8. Fe.ioii
1IM)
.vliiHur
BiMioii
88)
46
60
60
SOS
2SS
21
>Penni*vlvania
I'rufirrMi
Clllr. Hurl.
41><l
Kri(t....SO;
Plillnilelphia
[United (.Ni.'MOfN. J...1(H) VSii
.c
1(H)
1(H)
A
•
rivtrrred
187
170
84
64)1
Gen.
J*D
JAIJ
191.'}..
I...
.
I
108
126
;
A
1
10
JSchnyl. R. vZ
8., (is.
A
A Frank.,
jWarren
114
99
><i"ttJ:Mom., 8s.
A
Park
North lUver
East River
Fourth National
Central National
Second Na'ional
^.
Ninth National
First National
Third National
N. Y. ^ at'l Exchange
Chase N- tional
Avenue
German Exchanire..
Fifth
.
United States
Lincoln
106 la
.1935
107 1» 1C8
107 107 >3
Ist, 7s.
iWest. Penn., Pitts. Hr,«s.
Consol., 48. 1928. ..JAD
B4IiTIMOKK.
Garfield
Fifth Naiional
Bank of the Metrop...
West Side
Seaboard
Sixth National
Western Nation»i
First National, B'klyn
*;'".* Snringti'd,58
STOCKS, t
Par.
Lltt o Rock Art. .Smith. 7s »
100 106
9»»i Baltimore A Ohio
Loalar, Ev.ASt. L.,l8t, Ss'^llO
Ist, prof
100 "125
2m.,2-Bs, 1936 ...»AO!
2dpref
100, lie
Mar. H. A ont., (is, 1025.. -lOOS
Central Ohio.com
33
501
Exteu. bs, liivg
jChar. Col. A Augnsta.lOO
jjtj) >1001»1
Hexlcan Cen.,4a,191IJAJ Ti'tl 73131 Western Maryland
50
Ji-.i;-
Totkl
'
N
»»i-al
28
A
Ogden.AI.c.
1900.
O.-,
2d, 68, 18!(.'<..l....r.FAAi 100
AAO
FAA
101
A
Wash. A Bait., 1
Ga.Car ANor.. Is'S
iCin.
PHIT.AOKI.PHIA.
Par!
CamdcuAAtlantio,pr(:1..5(5
Catawisaa, 1st. prcf
50
pel, A Bound Brook.. 100
«105i»
.AAO
Nor'n Cent.,
34
60
170
....
'
60i« Seai.'d
A
6,s,
10211
99
ts..
Ro'nke,
Ss-.i 101',
101 'p
102
118V
JAJi 109
fcaat Penuavlranla
,50
West Va. Con. 68
1911 109
Hontlug'n A liroadTop.50
2014'
'Wll. Col. A Aug., Gs, 1910' ....
t Per share.
- Ijwt urice this week.
i Ki-dividend.
N. Y. and Brooklyn tJas Secarities Brokers' Quotations.
I
.
'
—
GAS (fOMPANIEST
Brooklyn Gss-Llght
Clttiens' Gas. Light
Bonds 53
Consolidated Gaa. .".v..
Bid.
120
881-2
A Hoboken.
Metropolitan-Bunds ....
Mutual (N. V.)
Ask.
123
89
103
96
loo
95
170
'.".'.
Jersey City
115
120
Bonds, Bs
Kassan (Brooklyn)
Scrip..
New York
1
10'»
i25
102
130
100
102
Stock
8KCURITIKS.
,
GAS C0MPANIK8.
,
People's (Brookljm)
I
Bid.
95
Williamsburg
131
Bonds, Bs
ilOH
Metropolitau(Biiooktyn).. 108
Mnnicipal—.Bonds, 78.
|
Aak
100
110
Fulton Municipal
Bonds, Bs
Equitable..
Bonds, 68
Secnritles.
A
Vlcks
do.
do.
do.
do.
37
consols-
2d 5a...
Vicks AMeridian,l8t,Ba
m. BaoK
Am.
.Notei;o
Cattle Trust
m. Cotton Oil Co
do.
Am. Pig
Atl.
'.'.'.
'
41
13
2II3
pref
I
I
95
80
102
43
do.
23
62
do.
Iron Stor'ge war.
Char. Air Line
7«, 1907
A
lat.
Brooklyn
EleVd— stock..
Civlltomla Pacitio
Cln(tlnnati A Sprtngf...
Comstock Tunnel
Ist Income 48
Oontinenul Con. A
37
40
12
14
1
22
Imp'.'
Trusteed stock. .
DIsUlhng A Cattle F. Co
Diu. ». snore A At.— Stk
A T. new 4s, W.
'Jd certs.,
prcf..-.
I..
W.l
20
78
48
2613
Mt. Des.& East Sh. Ld.Co. 0-76
N. O. Pao. Laid Urant.
23
Nowp. N.
Miss. Val..
15
N. Y. V.'.8.A Buff
A
017
do.
Mo. K.
les
7
•441,
9
44 '4
N. Y. A Qreen'd I^ke, 1st
2d mort
N.Y. Loan A Impr
N. Pac. P. d'Oreille DIt.
Do.
Mo. Dlv., let Cs
North Riv.cons. Co.scriji.
...
O.I.AW.— Ist
2d ace.
.
4
6
28
74
Tol. St. L.
A K.C
Preferred
"West. N. (!»r._fioii.««
S
»
3,70'?,2 650.872,5
3.606..' 567.76J,*
3,6-«,4 «l'i,504,l
3,644 D 666,109,1
3,629,4 690,003,8
4,441,1 39.076,2 3.210.0' 96,837.3
4,2a.l,.> 12S,79-2.« 3.217.0
93.312.8
9,021,ll 4,316,6 li8,453.8 3,'221,9: 86,460,0
98.221.012,128.0 63,283,5
96,064
2,133.0 63,197.8
9i,9»B.0 2,130,01 63,111,6
25,128,0
2.5,077,0
23,957,0
tlnoladlng, for Boston and Phi la
Quotations,
Dry Dock E. B'y A B.—
1
SciipBb
FAA 100
iBiKhth At.— Stock
230
'EighthAT.— Serip,68,1914 105
A Gr'nd St. FTy-Stk.
AAO
Istmort., 6«, 1910.. MAS
42d
1
102
,'<!35
|ll)9
,860
42
IllS
Srooklyn City— Stock
lat mort., 5s, 1902 .JAJ
B'klyn irosi-t'n 6e., I908
112
income.Bs ...JAJi 67
Hoast.W.St.AP.F'y—.SIX. 3('0
1st mort., 7b, 1894.. JAJ1109
Bank Stock
im. Exch... 160
Isbary Park
161
19
32
69,7
130,0
1x8,3
9,081,1
9,013,0
98,899,0
Bid.
Ask.
2d
295'
189
Lif.
Central
139'
Chaae
276
140
Ist inort, 7s, ItOO.. JAJ 105
'240
Third Ave.— Stock.
IstM., 5s. 1937. .. JAJ 109
Twenty-third St— Stock.. 370
1st mort. 78. 1893
106
Ointinental .
Com Exch... •j'4'5"
Depoait
110
ibast Hiver..
nth Ward...
"
.
ronith
BANKS.
BANKS.
New York..
Bid.
..
Uill.
Ask
N.Y.NatKx.
Ninth
160
N. America.. 190
North River.
Oriental
Pacific
SOS 325
260
140
Pheulx ...
Produce Ex.
Kepubllc... 190
Seaboard
139's
Park
People's
Morris
Murray
Nassau
Bid.
243
N.Y.CoMnty. 530
Leather Mfs' 352
Lincoln
Madison 8q..
Manhattan...
MarketA Ful 230
Mechanics'.. 214
M'ohs'A Trs'.
Mercantile... 320
Mt
i'7'3
107
— Latest prices this week.
Aletropolitan
8
Metropolis... 356
"
!i75
1
List
.
190 13
236'
162
Merchants'.. 137
Meroh'ta Ex. l'J6i3 120
fifth Ave
Fifth
First
First N., 8. 1.
14th Street., i'7d"
60
110
113
135
107
255
106
375
110
I
Irvlug.
205
143
|
Ninth Ave
105
Second Ave.— Stock
1st mort, 58, 1910. MAN 105
Sixth Ave.— Stock
240
Oermania....
Greenwich... 125
Hanover
346
Hnd. River.. 150
Im. A Trad's' 366
4700
Clusens'
170
Columbia
.;30
Commerce... 2uO
M„
German Am.
German Ex.
70
....
Bntcha'A
Ist mort., 7s, 1893.
I
Gallatin
Gartluld
City
30
14.5,0
357,1
789,3
671,5
246
108
Chemical
17
788,0
»
,
99.01'2,0
Chatham
j
'
120,6
79,6
1,33*.,1
42dSt.Manh.& St.N.Ave.l 40
Bowery
.
KdiilyMutui.
Lohiiii A wilke«.Oo«i"' 22
LltHeR. A Mem. 1 »t 5.
73
indicates actau sales.
1,435,4
3,198,1
58, 1914. ..JAJ
'^4
H'way lat, 58, gu
2n'l 68, int. as rent., '05.
17
~
281,0
593,3
218.3
409,1
72«,7
178,2
121,8
429,5
168.4
116,8
347,0
237,0
766,8
315.0
DetmtUe.i ri'tiTn 01«>riii«f.
76,900.0 32,389.0 414,218,4
7.%549.9 32,726.1 40a. 8a 1,5
"0.31*7,6 32,870.9 415,015.8
73.496,0 2«,76t),3 40 303,2
70,843,2,28,378.1 399,508,1
2d mort.
26
ace. intcort.
1,46.'>,4
$
1st mort.. 78., 1>)0<^..JAJ
«r'd«ay fe 7thAT. -st'k..
Ist mort., 5s, 1904 .JAD
219
int. cert..
20'i,4
93.7
1,037.8
114,7
580,6
339,5
1,209,1
64,8
738,6'
346,6
663,7
239.8
403,8
324,9
8-8.6
263.8
331,0
212,0
701,0
878.0
199,2
75,0
1,77C,2
394.2
1,947,0
169,0
9.656,1
3,907.0
LtvtU.
Atlantic Av., B'klyn. St'k.
Gen M., 59, 1909. ..AAO
Sl'cxerSu A i ui. F. -Htk.
BANKS.
8
1,459,6
2.546.0
2,793,3
2,784.3
10,046.7
4.4^5.3
2,921.0
2,832.9
4,677.6
8,5IB,0
3,341,0
1,777,5
4,038,4
2,089,0
3,624,0
— Brokers'
ijnerica.....
Ocean SS. Co.— Ist, gaar.
Prof
•i-JSh
24
FeuBacola A Atlsntm
2 If
5
eaorKta P»o Stock..".';.';
H
)l
Postal Telegraph— enable
4(1
43
1st 6a
11013 lllU St. L. Ark. A T,l»t 4.s,W.I. 72
74
Consol. 58
7713 781.,
Z'.'.'.'.'.
do.
'.id 48, W.I.
38^ 39>a
Income 58
22
26
do. Tr.reo
8.allrtBst.pd.
11
12
KanawhaAMlch.Int.ctfs.
H
12
Bt. Paul E. A (• T. Tr., 1st OS 104
106
do
l9H, Interim cifs
70
Toledo Peor s A west... llib 18
7
4,05.'i,0
Citr Itailroad Secarities
2713
1-00
65
6.'J72,1
2l,63.',.l
• We ornit two ciphers in all t7i«<
A0l«re«,
aSlphla. the Item "due to other banks.''
23
78 "3
49
37
16
1.207,1
$
I..N.
92I3
70
99
A.AChic.(0.*I.)l8t68
LoolsT. St. Loias A rex
MeriphinA Cha'st. consols
Mftx Nat.Constmet'n Co.
4,S«,5
140,0
4.019.6
3,608 7
130.8
173,9
3,362,1
849,0
1,118.0
790,8
4,249,5
6nl,6
271,9
514,0
610,0
395,9
2,031,9
1,129,1
93,2
179,0
Specie.
I
Alabama
4,:ifl7,8
2,170,0
21.300,3
19.443.0
3.150.6
17,498,0
6,808.0
4.157,0
276,8
324,3
294,4
538,7
233,8
164,7
888,1
179,6
732,9
Central Crosstown— .'-^t'k
lat morU, 6s, 1922.
Cent. Pk.N.A E.Riv.— Ktk.
Consols. 79, 1902 ...JAD
Dry Dk.£.B.A Bat'y— stk.
lat mort, 7s, 1893.. J AD
8BCURITIBS.
Bid. Ask.
4..'')»3,2
49.3,8
MAN
Exchange— Unlisted
309,5
791,8
45.1
217.5
329,2
3,599,H
606,3
6^4.6
198,6
819,9
234.1
318.0
849,o
13,053.4
3,020.0
2,809,8
2,H59.9
4,353,0
1,852.4
2,473.0
6.669.6
778,9
445.3
418,8
98,844,0
35,793,
35,793,
35,793,
9....
16
5,SG9,
2,482,8
8.^6,9
64,685, 4 156,038,0
64,685, 4 156.597,0
64,685, 4 153,853,0
...
Phlin.*
Aug. 2....
"
West. Md., 3dgu.,6s.l900|
!
Boston.*
Aug. 2....
110
1926:»10U
58,
July 19 ... 121,339, 2 402,336,4
"
26... 121,:-I39 2 400,03(),:i
Aug. 2... 120,799, 8141)1.560,9
9... 120,799, 8,4()6, 139,5
"
16.... 120,799, 8 402,163,9
16.
1,9.13,7
662,9
.504,0
2,6(17,5
B85.-<
VorU.*
••
IOO4.JAJ1*
A, 1926
5», Ser.
106 >i
«.
1,9«0,3
2,88-5,1
447,9
256,4
Loam.
I312
12»i3
121
Char., 78.1907.JAJ
A
A
Rntland.]st,i!s.l;)02MAN' -112
t"
A
O., 4s, 1935.
Bait.
10713 Consol., 65, 1988...
Rait.
O. S. W., 4158 J »J
Yad., ser. .4,68,
"so' Cape F.
Cent. Ohio, Os, 1W90.MAS
Char.Col.AA., l.t,7s,1895
In,-.Bs,19-.>() •
STOCKS,
Atl.
Income,
JA
2dniort.. «.s. 1902. .FAX
2d in. sealed, .is. '02 FA A
Gavital d:
5un>tiu.
Banks.
RAILROAD BONDS.
197,6
),367.0
60,812,7 59,987,1 402,163.9 70 843.2 28,378.1 399,508.1
;
lat, con. inc., 3s. 1939...
2doons. In-. Ss, 1939....
Y.
,V. Kng.. Ist, 7s...
Istmort., Bs, 1903..
300,0
260,0
200,0
750,0
600,0
100,0
200,0
200,0
600,0
300,0
300,0
160,0
300,0
300,0
600,0
200,0
8,600,0
300,0
1,883,1
85.363,7
3,810,7
3.854.8
1,744.9
3,115,0
1,223,8
3,592,3
1,643,5
3,600,4
14.811.0
13,345,4
4,320,5
8,117,6
3.123,4
12,195,9
6,666,6
8,139,0
4,635,1
14,681,1
3,073.0
2.817.0
3,344.0
4,386,8
1,821,4
3.856,0
6.816,1
4,833,1
2,020,0
21,320.0
22,901.4
2,401,9
,1.011,5
17,670,3
7,066,0
4,922,0
5,355,9
30,566.3
4,096.1
1,371,6
3,571.0
3,081,0
2.437,7
11,724,8
4,872,5
8,298,0
8,262,7
6.548,3
3,988,3
3,790,8
2,127,8
4,530,5
2,126,0
4,497,0
1,203,4
8,238,0
4,135,0
1.35!.
307,0
386,1
4,680,6
2,416,6
122,2
133,9
1,512,0
610,6
301,3
292,9
8,314,9
246,6
149,1
469,7
1,000,0
Bowery
New York Conntv
German. American
]«g.i
979,1
337,8
364,9
86.3
418.0
107.8
213.0
«I8,3
803.3
331.9
133,0
141,3
461,1
355.7
260.0
3,114,0
5.6 17,2
121,1
250.1
1,152.5
760.0
500.0
3.16.3
7,608.3
11,624,2
10,750.0
8,040.0
6,287,0
7,338,0
10,442.9
4,280,0
9.169,9
6,9t)'2,7
885,2
3«4.8
921,7
674,0
286,1
644.1
273,2
897,6
208,5
697,1
1,000,0
1,000,0
300,0
1,600,0
2,000,0
240,0
260,0
3,200,0
2,000,0
300,0
A 'Traders'
1,479.1
1,589,7
1,469,6
424.0
667,6
125.0
846.0
HUtAl
1.950.0
2,70i,0
1.287,0
3,099.3
1,401.2
3,613.9
17,898.0
18.792.4
3,2'^7,4
750,0
600,0
500,0
Oermania
117
jSteulM'n.
Ind., Istm,58 106
iUnit<MlN.J.,B8, 1894 AAOl 108
^.'"i?l'l''''<*B"in., 6s
C. St. Jos.
I'. B., )»
9.-
'l;'20.,AAO
SS'-j Pitts. C.
St. I.., 78.1900
'.02
Pough. Bridge, 6s.. ..1936
UnBfdlst.tis.lll.T^.AAO
¥
K.
ni.,
I
»2s'Pliil.W.AB.,48,1917.AAo' 100 1>
02
J*J
Current Rlver,lst..'>s.l927
Det. Ijins.<&Nor'n, M. 7s
Eastern, Mas.s., fis, 1906
Free. Kllr. A M. V. lBt,(!s
5-C- P'
48,
116>4
.Phil. A Head. Ist, 68, 1910' 120
128
2(1,78,1893
AAO, 11I»< 112
COla
Consol. 78, 1911.. ..JAD 128
102 102'»! Cons., 68, g.,lHll..JAD JI9
;102>.j
Imp., 63, g., I897..AAO1 104 1^
'10213
Con., 5s, 1?22 stamped) 1(10 »4
C11.4W. Muli..gen.5a,19'21
.'is,
120 >3
...
106
_PUin4s. 1910
J*J
Qh.B,AN. l«tSs,1926A40
,
Continental
Importers*
Consol. 68. 1939...AAO
PlllIa.AErle, Gen..58.1920
107
A Pulton
Nicholas
Shoo A Leather
Corn Exchange
OneiitHi
iPerkiomeu, 1st HO. 5s, '18.
|Pft.AN.Y.('B.7s,1906JAD
I
St.
lOT,
10813
4'ia,Tr.
s'.
128
I.oau,1913.JAU
64
Con. of Vt
Ub\
i'so"
8SS
..
136
135
N.Y.Pllll.ANorf., Ist. 6».
Incoine. Bs, 193H .AAO
Penn.. Gen.68,r.l910AAO
Cons., Or, c. 1906.. JAD
TV,
Cons., 58, r.,1919...Q-M
A.tTop.AS.F. aen.4».J*J
Income. 5». 1980. Sept. 1
1918.
68,
237,8
117,0
682,8
74,8
448,2
1,898,8
1,000,0
600,0
600,0
600.0
Irving
Nassau
Market
Gen, morf., 78,1903. JAJ
!l«7>«
Hanover
Cltlie
287.
8'01
i,noR,3
1,130.0
1,898,8
4.934.:
8'-'0,0
300,0
300,0
600,0
300,0
760,0
2 "2,0
1.58.1,0
4.7U1.0
9,768,0
1,883.8
22,5X9.8
460,0
200,0
700,0
('hath;<m...
Peojiles'
North America.
103
108 >«
rcc.,19'23.JAD
iNortli Penn., Ist, 7s. 1896
58
«s, I.S9e
116i<
.MAS
2d, 78, r-K., 1910..
Cons.
Wi«con»lnCei)tr'I.prof 00
Deb.
Republic
AD
AD
Il»>s
Mercantilo
1,810,0
ll,'2f<,6
1.200,0
6,000,0
6,000,0
1,000,0
1,000,0
422,7
1,600,0
Pacilto.
2»>«
25 >a
Traders
Broadway.
Leli.C.AN.,4>.js,I9U.(J—
(!k, g(dd, 1897... 15 J
Consol.78, mil ...J
Lch.V., Ist, 6«, ISg-i-JAD
I
2(I«»,
GriMMiwlch
Lea ne< Mannfact'rs.
Seventh National
State of New Vuik.
Anierli-an Exchange..
A
Commerce
to
H
Kxompf, (!a. 1918.. .JAJ
Kon-exom. 6s, 1918 JAJ
10
94
Ciinnei ling. «s, 19(H)-0l..
Del. A lid. 1!.. l»t,T»,19()6
Kaston A Anihoy, M., 5s.
Elmira A Wllni.. Ist. (Is..'
Hunt. A H.T., ( 'on.f s, 1 895,
ISK
Bnr.AMo.Rlv.l.g.7H,.18l»a
Bnrl. A Mo. Rlv. in Neo-
.Mechanlf^s'
.
Profprri'd
BAILRO.AD BONDS.
Gallatin National.
Bulehers'A DrOiers',
.
Catawlssn. M., 7a, 1900.
Cliar.Cln.AO..B8,I»47,Q-J
87»4 ClwirtleldAJeir., Ut, Oh...
U4
1
«1<1
1902
Ba...
Choniical
43
Allegli.Val., 7 a.l0s..lR98
Inc., 7«.en(l.conp.,l.S94..
Allan. City. 5i., 10I9.MAN
Rely. Del., Ists,
KM)
Maine ('i-iitml
100
Maitclit>}tt(>i\^> I.aw*nce lOo
Mexiran Crutnil
100
N. V.ANi'W Kllg.,prDf.UH)
NoitlHTii N.
UlO
Oj{iliii». A I.ako Cham. 100
Olil Colony.
100
Ports. (It. FalliiAOnn lOd
Port Mill SacoAPorts.lOO
Rutland
100
PrefeiTert
loo
Summit Ilninrb
50
.-,.11,
2.14
61
BONDS.
26
IIH
225 <•
prof
KlIiK.tlVr.. Maniu'tr-.UH)
I'lvf.iii'il
KMl
Kail.f. Ft. Scott * M..1(H)
K. (.'. Jli-iiii.h. * Hirni.lOO
Lonl»T.Evaii»v.ASt.I..100
Fiti'lilmrif.
Tradesmen's
!
Merclmnta* Kxchnngo
Western N. Y.APenn.lOO
10<
170
100 148
100
Ea.Ht4Mii
60
50
(We-t Jermy
IWe»t JerseyAAIlftUtle.iiO
»\
1(H)
Phenll
A
"27
CouiU'rtUMit itPaHfliimKH
CoiimMili'Ut Ulvi-r
1(H)
DetiDit I.«n.s. * Nor... 1(H)
II
Pinf.Trcrt
Alnerlcli.
City
88
5a ij
JNorlli Pennsylvania. ...BO
2U0
40
Noltiril.lOO
<.'lllc. .t W>>«t MU11....100
Otii. Sanil. .t t'lt>v..coiii.5<'
Clovclmiil it C'nutua ..100
I'li-t.lUMl
Norllirrn Central
20(i
MiM'haolcs*
71
50
l'rov»ilpnfO.!(H»
BiMtnii
Dttatttr.
•
11,*00,0
9,532.0
6,808.2
9,089.0
3,000,0
2.060,0
2,000,0
2,000,0
8,000,0
1,000.0
1,000,0
750,0
800,0
600,0
1,000,0
Meri-h.ints*
l>8
66 <4
OentrnI nf Mi»^sacll8'l»HH)
Bimtiiii .t Millio
Bank
Manhattan Co
5J>«
Haven. ..60 "in
ft.
Ni'Hiiui'IinnlnK Valley ..BO
New York
of
I,
62 V
a
.
Miii.liill .«
1177
KXI
l.ciwfll
A llr.Top,prot...S0
60
Coal A Na»
I.««<>1<.
Aak.
BIrt.
iLi'lilKli VuMiiV
'l.lttlo SrlmviVni
41
40N
A
it
8B0URITIBS.
I
Par.
Amer.
n««io»
5
1
390
400
jgeoond. ......
beventh..
'HhoeALeatli.
1st NlcUOUM.
3-iO
140
160
126
SUteof N.Y. 117
Third
Tradesmen's. i'o'i'
Uuit'df>tate8
Western
West
Side...
106
.
....
1
11
.
.
. .
.
THE CHRONICLE.
286
I
Latest Earnings Reported.
%nvitstmtnt
Jan. 1
to
EOADS.
WeclcorMo
1890.
1889.
1890.
Vol. LI.
Latest Date.
1889,
AND
wk Aug
IstwkAug
Flint.&P.Marq. 2d
50.3.52
42.584 1,843,953 1.464.060
20.361
18.019
696,56!)
676.038
3.565
1.146
29,805
16.231
107.501
93,437
861.376
792,551
67,223
27,481
388.266
149,247
Gr. Rap. & Ind.. 2d wk Aug
62,558
51,585 1.627,540 1,396,654
Cin.R.& Ft. W. 2d wk Aug
9,320
9,128
286,134
272,970
Other lines ... 2d wk Aug
4,302
3,976
134,748
124,577
Total amines.' 2d wk Aug
76,185
64,688 2,048,421 1,794,200
Grand Trunk. .. Wk Aug. 9 379,72^ 400.946 11,776.363 11,477,735
Ohla AGr.Tr. Wk Aug. 9
72,939
76,807 2,254.580 2,071,518
Det.Gr.H.i. M. Wk Aug. 9
21,757
6.'i4.877
20,707
591,133
Gr.B.W. &8t.P. June
27,201
23,181
171,046
135.414
Gulf & Chicago. July.
2,734
2,886
24,464
23,519
Housatonie
,lune
130,518
97,719
715.007
517,798
Huraegt'n&Shen July.
11,700
11,155
82,200
73,811
Ul.Cen.(Ill.&So.) July.
,095.229 1,092,494 7,800,827 7,523,323
CedarF.&Mlu. July.
8,678
6,984
50,576
50,826
Dub. &Slo'xC. July.
150.258 130,625 1,018,216
914,147
Iowa lines
158,936 137,609 1.068,792
July.
964,973
Total all.... July.
,254,165 1,230,103 8,869.619 8,488,296
Ind.Dec.&West. July.
41.220
30,213
246.310
207,884
137.000
Interoc'nic (Mx) May
90,174
055,402
423,975
Iowa Central... 2d wk Aug
35,956
33,628
933,661
841,723
Iron Railway... July.
2,620
3,067
22,012
24,566
J'k'nv.T.&K.Wo June
35,233
29,530
311.927
290,030
Kanawha&Mich 2d wk Aug
7.152
5,987
192,782
159,224
Kan. C. CI. &Sp IstwkAug
9,010
4,089
231.494
152,597
K.C.P.S.&Mem. IstwkAug
85,463
89,224 2,779,228 2,687,268
K.C.Mem. &Bir. IstwkAug
18,362
17,731
675.647
540,295^
Kentucky Cent July
85,386
91,139
671.022
544,307
Keokuk & West. 2d wk Aug
7,90:
8,070
205,556
195,630
Kragst'n &Pem. IstwkAug
3,439
2,934
100.183
113,611
Knox. & Lincoln June
19,523
14,316
97.128
76,888
Knox.Cum.&L.. July.
11,639
L. Erie All. & So July.
5.801
4.550
36,030
34,296
L. Erie & West*. 2d wk Aug
66,895
64.067 1,817,974 1,653,138
Lehigh & Hud.. July
29,471
29,383
191,580
150,458
L. Rock & Mem. IstwkAug
10,721
11,601
299,665
332,892
Long Island
496,965 444,117 2,107,431 1,877,274
July
Louis.&Mo.Riv. May
33.195
32,952
171,872
155,348
Loals.Ev.& St.L. 2d wk Aug
31.452
24.092
725,001
675,722
Louisv.&Nivsbv. 2d wk Aug 394,985 356,086 11,419,951 10,437,814
Louis.N.A&Ch. 2d wk Aug
52,950
49,782 1,515,324 1,415,199
Louis. N.A&Cor. June
1,3.50
921
6,539
5,555
Louisv.N.O. <&T. 2d wk Aug
53,770
40,755 1,570,124 1,489,686
Lou. St.L.& Tex. 2d wk Aug
9.145
5,640
233,264
LonisT. South'n. July
43,151
32,678
Lynchb.&Dur'm July
9,200
1,970
48,778
Memphis AChas IstwkAug
37,802
40,395 1,046,444
976,610
[Mexican Cent... 2d wk Aug 116,328 114,178 3,872.300 3,812,160
JMex. National 2d wk Aug
65,782
63,394 2,271,30'
2,205,647
tMexloau R'way Wk Aug. 2
75,839
73,926 2,354,953 2,511,374
.Mil.L.Sh. & West 2d wk Aug
82,056
81,532 2.283,234 2,030,156
.Milwaukee ifeNo 2d wk Aug
30.650
26,046
928.444
694,001
Mineral Range.. July.
11,644
10,282
66,201
61,830Miuneap. tbSt.L. July.
119,800 120,474
770,365
711,854
M.St.F. i&S.S.M. July.
162.788 117,611 1,106,472
751,685
Mo. Kan. &Tex. July.
640,735 626,134 4,254,49ii 3,898,497
Mobile & Ohio
July.
257,193 207,000 1,848,703 1,683,048
Monterey&M.G July.
45,235
254,153
Nash. Ch.& St.L. July.
341.167 299,209 2,050,803 1,964,110
Nat. RedR. &T. July.
2,140
13,905
14,852
1.446
NewBrunswick. May.
345,153
76,927
71,322
375,857
N. Jersey &N.Y. June
22,033
20,182
120,471
107,443
New Orl. &Gull July.
92 739
8,752
82,907
10,576
N. Y. C. &H. R. July
3,,004,827 2,951,919 20,736,77^ 19,732!064
N. TT, L. E. & W. June
2 ,420,790 2,311,604 13,724,377 12.196,582
N. Y. Pa. & Ohio June
553.150 549,128 3,402,518 2,915,192
N. Y.&N.Eng.. June
514,832 479,880 2.798,295 2,599,108
N. Y.&North'u. July
307.094
329,127
44.405
55,153
N. Y. Out. & W.o 2d wk Aug
62.431
50,487 1,279.683 1.115.875
N.Y. Susq.& W.. June
600,932
150,654 116,180
710,361
Norfolk & West. 2d wk Aug 160.02!
3,517,676
139,684 4,237,8
N'theast'n(S. C.) JiUy.
328,115
41.912
32,274
386,913
Nortb'n Central. June
546,852 416,553 3,256,944 2,715.301
Northern Pacitic 2d wk Aug 491.897 439.931 12,808,647 11,905,176
Ohio & Miss
2d wk Aug 103.345 104,095 2,474,252 2,340,550
Ohio & Northw.. July
115,695
21,245
119,918
19,400
&
Maysv.
July
6.276
Col.
924
5,205
988
Ohio River
2dwkAug 17,011
326,801
388,854
15,430
Southern..
July
Ohio
277,710
292,385
39,754
32,716
OLioVal. of Ky. IstwkAug
82,911
127.256
4,610
3,731
221,350
Omaha & St. L. . Juue
303.766
39,052
45,082
Oregon Imp. Co. June
385,229 343,809 2,038,747 1,986,849
Pennsylvania .. .lune
,172,004 3,931,020 31,958,513 29,004,238
432,063
PeonaDec.&Ev. 2d wk Aug
450,623
17.152
16,014
Petersburg
Juue
252,568
283,930
47,768
38,545
Phlla. & Erie... June
447,353 318.020 2,430,157 1,960,736
Phila. & Read'g June
I ,867,087 1,536,732 9,661,527 8,469,870
Coal&IronCo.'June
1 ,602,406 1,670.083
Pitts. Cin.&8t.L. [June
477.476 369,539 3,006,850 2,631,866
11,457
Pitts. Mar. & Ch. 'July.
20,867
2,833
2,109
Pittsb. & West'njJune
679,509
708,139
126,100 114,790
Pitts.Clev.&T.IJuue
243,391
234.011
39.865
39.791
Pitts. Pain.&F. June
142,163
133,671
29,125
28,890
Total system 2d wk Aug
44.120
47,253 1,341,823 1,346,788
Pltt.Young.&A.lJuue
505,815
671,174
120,319
96,789
152,026
Pt. Koyal <St Aug. June
165,788
13,252
14,675
179,249
Pt.Roy.A W.Car. June
194,753
20,72g
17,496
I'res.tViAriz.Cen. July
75,046
73,874
13,957
9,149
140,031
QuincyO.&K.C. July
135,143
20.237
17,447
Rich.&Danville. July
427,000 401,900 3,253.191 3,000,738
Vlr. Midland.. July
206,100 192,800 1,277,465 1,149,411
488,720
Char.Col.&Au. July
515,045
77,075
75,174
383,579
Col. & Greeuv. July
457,892
48,950
43,305
502,066
West. No. Car. July
533,183
62,288
67,275
Georgia Pao . July
731,792
129,700 105,925 1,020,748
Wash.O.A W.. July
62,022
71,773
11,775
11,646
Ashy. & Spart. July
64.914
74,164
10,475
10,117
Total Sys'iu. 2d wk Aug 271.650 240,025 7,689,279 6,851,092
Rich. &Petersh., June
146,363
23.742
176,377
31,531
Rio Gr. West.
839,895
2d wk Aug
27.350 1,020,345
37.050
Rome & Decatui May.
21,250
42,050
8,200
4,750
Rome W. & Ogd. June
320,903 281,379 1,871,487 1,539,283
Sag.Tuscola&H. July
61.204
51,7871
11.525
10,895
St.L.A.&T.U.B'6 2d wkAug
602.097
735,659
28,360
22,397
St.L. Ark. &Tex. 2d wk Aug
80,735
76,695 2,176,317, 1,850,711
St.L.DesM.&N.ljuly ...
32,995
59,621
12,571
5,937
8t. Paul & Dul'tb July. .
631,033
761,467
139,625 122,154
8t P.Min.A Man. July. .
746.328 638.699 4,636,366 3,936,601
East, of Minn. July
163,952
313,921
60,768
44,938
MontanaCeut. July
453.799
589,448'
103,421
84,388
Total Sys'm. July
910.518 768,026 5,539,736 4,554,353
•. Ant.&Ar.Pass 1st wk A ug
659,881
874,198:
29,789
28,694
.Fran.&N.Pac.llstwkAug
16,553
17,9151
Flor.
Cent.&P.
Ga. Car'la & No. June
Ga. RR. &B. Co. June
Geo. 80. &Fla.. July.
The Investors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is publish^ on the last Saturday of every
—
January, March, May, July, September
is furnished vnthout extra charge to all
regular subscribers of the Chronicle. Extra copies are sold
to stibseribers of the Chronicle at 50 cents each, and to others
at §1 per copy.
Tlie General Quotations of Stocks and Bonds, occupying
aix pages of the Chronicle, are published on the third
Saturday of each month.
other
month
viz.,
and November, and
RAILROAD EARNINGS.
Latest Earnings Seported,
-
KOADS.
Week or Mo
1890.
1889.
Jan. 1
to
Latest Date
1890.
1889.
I
.
239,587 1.199.499 1,092,368
7.184
41,666
33,539
8.930
64,193
87.911
At«li.T.&8.Fe.. 1st wk Aug
446,164 17,339,744 14,009,309
Half owned
1st wk Aug
23,074
876,585
958,718
Total «V8tt'm. 2d wk Aug
519,097 18,923,318 15,404,984
St L.&SanF.. 1st wk Aug
110,153 3,563,37^ 3,171,491
Half owned.. 1st wk Aug
22,421
Tot.e.L.&S.F. 2d wk Aug
148,120
AKg. total
2d wk Aug
667,217
Atlanta & Char. June
102.654
709,770
806,332
Atlanta & Flor'a July
6.276
45,607
o?f'198
Atlanta AW.Pt July
23,334
226,050
245,768
Atl. & Danville. July
36,136
281,571
195,314
B.<&0.£astLines July
1, ,569,467 1,493,622 10,402,783
9,149,052
Western Lines July
470,258 441,048' 3.O59.72T 2,750,155
Total
July
,030.725 1,934,670 13,462,504 11,899,207
Bal.&O.Soutliw. 2d wk Aug
49,854
48,990 l,368.?^i 1,235,067
Bait. <s PoKjiu.'^e June
143,451 122,195
829.096
787,423
Beech Creek
June
85,702
25,448
493,55g
358,15S
Buff.Rocli.i- Pilt 2d wk Aug
44,938
40,735 1,264,1^7 1,199,074
Bur.C.Kap.&N. 4th wk J'ly
77,919
70,504 1,644.527 1,495,329
Burl. & Nortliw. July
5,306
5,297
32,568
32,556
Burl. & Western July
4,700
5,J04
30,252
„5?-623
Camden & Atl June
77,909
68,667
308.338
274,195
Canadian Pacific 2d wk Aug 333,000 312,000 9,000,819 8,294,494
Op.F'r&Yad.Val JiUy
42,581
27,243
217,553
291,127
Cen.KR.&Bsr.Co May
535,152 466,593 3,316,314 2,920.921
Centralof N. .7.. June
,196,206 1,190.930 6,062,020 6,040.400
Central Pacific. June
,362.688 1,326.023 6.881.196 7,117.898
Centralof S. C. June
7,019
5.654
50,244
59,831
Centr'lVerm'nt. Wk Aug2.
70,168
68,829
K.London Nor Wk Aug 2.
12,993
13,402
Oftd.<SiLakcCb Wk Aug2.
17,737
16,097
Tot. system Wk Aug 16
105,S55 103,454
Char.Cin.&OUic June
8,427
Charlest'n A Sav June
oSZ'8339,233
40,689
367.293
323,667
Char.Sum.&No. June
3,761
1,572
14,471
„?S-778
Chat.B'rae&Col. July
31,0(10
22,899
203.185
138,768
Chatt'n'fja Uni'u July
11,925
10,263
66,473
62.015
Clieraw. &Uarl. June
6,729
4,389
47,858
38.297
Ches. &Ohlo.... 2d wk Aug 158,114
146,971 4.497.256 3.480.598
Ches.O. &8. W. July
.!
188,803 181,050| 1.122.238 1,121,864
Cues. & Lenoir June
4,850
4.649 , 34,139
34,567
Chic. & Atlantic. 2d wk Aug
62,754
49.171 1.672,063 1,312,304
Cliic.Burl.&No. Juue
140,107 141,861
903,476
932,295
CWc. Burl. & Q. June
,740,583 2,684.060 16,937,025 15,346,526
Chic.<fe East. 111. 2d wk Aug
69.765
56,213|
Chlc.Mil.&St.P. 2d wk Aug 498,000 453,041' 1.855,227 1.552,823
14,759,407 13,995,149
June
Alleehenj- Val..
219.848
5.458
12.576
540,308
27,437
599,608
118.777
26,781
152,420
752,028
109.117
13,270
31,794
42.444
Anniston &Atl. May
Anniston & Ciu. July
. .
.
Chic. &N'tliw'n. July...
Clilc. &OU. Riv May...
Chlc.Peo.&St.L. May...
,461.128 2,267,573 14,674,848 13,378.363
5.038
5,222
26,829
30,879
Chic.Eockl.&P. July...
,275,109 1,354,253
Chic.f5t.L..SiPitt.
June
CliJc.8t.P.<SiK.U
Cliic.8t.P..M.&0.
Cbic. & W. Mloli.
June
2d
31,082
wk Aug
2d wk Aug
CUipnewa Val .. July
C]n.&a.& Ports. July
Cln. Jack & Mao. 2d wk Aug
Cln.N. O. &T.P, Istwk Aug
Ala. Gt. South.
N. Orl. & N. E.
Ala. dt Vicksb.
Vlcks. Sh. & P.
IstwkAug
Istwk Aug
IstwkAug
IstwkAug
IstwkAug
Erianger Syst.
Cinn.Northw'u. July
Clu.Wab.<.tMlcb.
.*
IstwkAug
Clev.Akron&Col IstwkAug
& Canton.. June
a.Cln.Ch.&S.L 2d wk Aug
Pco. & East'n. 2d wk Aug
Clev.
1
CSev. & Marietta July
Color. Midland. 2d wk Aug
Col. <S[Cin. .Mid,. 4thwkJ'ne
Col. H. V. & Tol. July
Colusa
<fe
Lake.
July
& Macon. July
Denv. & Rio Gr. 2d wk Aug
Des M. & N'west July...
Covin.
Day Ft.W.&Ch.. July
Det.BayC.&AIji July
Det.I^aus'K&No 2d wk Aug
DuluthH.S.&AII 2d wk Aug
.Tcun.Va.&Ga. May .
Kuoir. AOblo May
.
Total svsteni. IstwkAug
Ellz.Ux.iB.8... June
Empire MCblln Juno
Kvan8.AIud'i)lls 2d
Kvansv.
4
T. H.
fltchburg....
wk Aug
2d wk Aug
June
506,607
79,480
483,'.; 33
30.561
18.318
6.252
14.458
80,411
32,027
17,093
9.832
8.083
147,446
1,856
12,769
16,914
50,822
254.965
27,176
26,317
34.300
7,113
269,471
2,279
11,722
39,229
178,500
15.500
49,600
23,140
58.992
531,770
60.474
139.983
61.116
2,911
7,698
23,553
537.949
28,016
159.038
9,262,449
375,313 3,208,906
66,560 2,556.903
478,734 3,005,663
25,310
933,733
17,902
6,028
34,559
16,21'i
395.032
75,421 2,540,720
30,182 1,108,013
14.774
747,595
8,562
381,334
8,381
320.028
137,320 5,097,690
1,905
11,310
10.859
334,856
15,311
489.501
36.074
246,373
241,457 7,855,075
31,142
21,411
164,77;.
30,825 1,143,077
8,153
156.780
219,581 1,560,265
2,915
11,854
7,935
77,217
38,591
276,609
138,000 5,064,353
16.543
112,530
44,654
329,554
20.513
710,445
51,490 1,343.121
400,924 2,669,505
44,893
272,635
1 13,976
4,191.584
56,991
367,996
135,928
8,668,720
2,667,521
l,73-',685
2,739,091
831,899
34,452
351.604
2.1.52.124
1,048,606
571,294
314.630
306.108
4,3'.»2,762
10.158
294,71
421,686
195.483
7,413,961
146,674
992,560
163.211
1,322.245
11,510
52,92a
268,631
4,562,781
90,538
311.513
648.042
1,135.644
2,171,517
238,888
3,468.6*7
391,047
16.,')09
8,15
166,824
21,280
612,786
477,077 2,971,776
172.779
537,512
2,646,045
.
. .
1
i
1
.
I
.
1
.
ArousT
—
.
..
.
..
THE CHRONICLR
28, 1890.]
Karningt
Latett
Roam.
Weekoriloi
Am.
Reporleii.
18U0.
Jan.
I to
18H9.
1890.
*
S
*
Lalnl DaU.
ft
>V
Beattlrl.. s. .IbE.
,
.
Totnl of
Bo. I'm-.
,
Juno
ull
KK.—
3,895,742 3,661,769 21,566,565 !1,200,815
l.^o. IMv. (Col.) Juno
. .
June
Arizona Dlv.. Juno
Kmv M«x. Dlv. Tune
Bo. DIv. (Cal.)
Btatcii
I.
...
...
...
ISap.T, July....
SuiMiiilt nraiirli. July....
I-ykfim Valley July....
Tftl.A- Coosa Val. July....
Tonii. Mlillaiul.. July....
Texiuib Pacltlo 2il wk Aug
ToI.A.A.afN.M.
&
ill
M
wk Aug
CIn..
wk Aug
Tol.iOliloCoiit. ill wk Auk
ToI.&O.Ci'ii.Ex. July....
Tol. I', it Wdst.. Istwk Aug
Tol. St. L. & K.C. viil wk Aug
Tol. Col.
Tol.&So.Havou. July
Ulster A i)oI
Juno
....
Vnion PaclHc—
210.405
508,714
157,811
77,630
117,148
96,140
93,935
189,216
495,591
127,256
67,813
111.630
08,3'j9
51,570
6.4.>5
5,0ti9
18.713
110.000
23.07k
12,109
118,383
18,677
1.580
27,409
8,970
17,134
33,990
1,986
26,495
.J.IIO
28,647
9.130
17.541
34,150
2.300
33,398
Uitukof
237
iugtul.
999,867
3.022,073
TolwloCol. A Olnn
Toledo 4 Ohio Central
Toledo St. L. dc Kan. City
Waliaob (coniwl. iiyntoni).
Wonteni N. Y. A Poun
Wheeling A Lake Erie.'..
WUconsin Coutral
.
Total (65 roads)
Wot Increase ,'9 83
For the
first
week
of
1«<
wetk of
Attgtt$l.
273,663
77,100
27,126
110,628
4,680
27,408
33.990
298.024
70,300
19.351
89,831
5.802,398
5,282,087
34.1,50
August the gain
is
1889.
9.16,737
Prev'ly report'd (70 roads)
OIn. N.O.
5.55,410
45,805!
111,18!)
4.57.278
•Detroit
151,783'
6,110
2S,017
tnereate.
38,019
97,745
3,627,292
567,815
145..'i04
685,436
54,200
515,888
549.122
11.541
125,222
& Orand Trunk
AT. P. (6 roads).
Cleveland Akron & Col.
•Chicago
(ir. H. & Mll..._
East TounoHsee Va. * Ga.
Florida Central & Penln.
Kanawha A Michigan
Kansas C. CI. & Hpr
•Kun.CltyFt. 8. AMem..
Kansas C. .Mem. & Uirin.
Little Uock & Memphis..
&
Loulsv. N. Alb.
Clilo...
Memphis & Charleston
.
.
San Antonio & Ar. Pass.
San Francisco & No. Pac.
Deertaie.
«
030
1.338
100
24,961
2,100
7.776
20,807
559.083
619.41]
39.072
74.5 per cent
Inertate.
948,262
2,960,303
484,852
408.341
679,833
53.',fi28'
•
roads.
632,003
422,831
559,574
921,502
11.125
1889.
*
p. o.)..
1.012,13(!
3,931,270
710.438
187,094
866.4241
59,62t]
1890,
1889.
Mon. July.
33.827
10,905
174,843
66,930
2d wk Auk
9,680
7,743
21.5,099
21,5,099
153.711
BclotoVnl.AN.K. July
S8.n8-t
63.511
380.H5S
380.858
85»,H99
Biienniiildnli Val July
114.000
87,794
708,193
480.665
South Cardllua July
105.000
96.601
798.313
723.131
Bpnr. Uii. .V Col. Juno
7,805
6,848
58,144
68,144
55,239
Bo. Pnoill.- Co.—
Unl.lliir.A(<.A. Juno
303.301 284.681 1,948.047 1,800,147
LoiiIh'ii Wett. June
87,668
78,577
538.445
489,834
Mor/riin'sI.&T. June
417,117 313,367 2,526,773 2,386,920
N. Y. T. * Mex. Juno
15.448
12,703
83,582
64,750
Tux. & N. url. Juno
140.425 132,289
882,133
71».()8()
Allitiittc .sys'iii Juno
963,059 823.616 6,978,979 5,191.031
Pacific systoui Juno
2,931,782 2,841,152 15,687,586 15,709.784
Bar.
.
,
6,612,481
76,807
137.320
15,311
20.707
113.976
18.019
5,643
4,089
80,221
17,731
*
611.826
Dtereate.
85,113
3,868
10,126
1,603
1,0,50
26,007
2,312
921
4,921
3,761
"-'"esi
11,001
49.370
40.395
28,691
17,915
on 89
"3,385
880
2,693
1,095
'i',362
J 2,858,737
671,512 663,500 3.623,560'
Total (89 roads)
6,259,283
663.907
97,607
438,734 404.823 1,866,365 1,967,108
Net Increase :7-45 p. c).
466.300
30,647
32,690
888.414
662.221
Un.Pao.D.&o. Juno
' For week ending August 9.
523,543 385 589 2,638,646 2.000,626
Allotli. lines.. Jnno
2,036,083 1,880,978 11,132,075 9,.531,142
_ Tot. U.P.Sy8. June.
3,793,862 3,329.187 19,901.750 16,90 t.34(i
Net Earnings Monthly to Latent Dates.— T/ie following
Cent.Br.AL.r.. Juno
73.603
.53,121
584,122
329.795
Tot. oout'leil Juno
3,867,465 3,382,308 20,48,-S,872 17,231.142 shows the gross and net earnings to latest dates of all railroad^
Hontiiua Un.. June
The compilation includes
79,9S0
64,20H
428.343
344,142 furnishing monthly statements.
lieav.Toi). & s. Juno
2,247
1,967
14,M24
13.828 every road from which we can get returns of this character,
Man. ALA Bur. Juno
2,999
2,609
16.900
1.5,501
and in that form is given once a month. Early returns are
Joint. own'it.*a!June
42,613
31,391
230,003
186.766
Oranil total. IJuuo
3,910,077 3,416,699 20,715,935 17,12a967 published Jrom week to week, as soon as issued, hut for
Vermont Valley Juno
15,680
the convenience of our readers all the roads making retami
14,888
86,046
!.711
5'»l>a9h
2d wk Aug 273,663 298,624' 7,711,140
7,413,619 are brought together here in the week in which we publish
^^e»tcrn of Ala. July.
36,322
29,011
288.13
277,581
West Jersey
our monthly article on net earnings say on or about the 20th
June
114,715 132,276
700,702
629,110
W.V.Cen.&Pltts. JiUy
88,937
72,8361
512,516
417,410 of the month.
^|•t.^.V. & Pa. 2d wk Aug
77,100
79,200 2,173,544; 1.991,171
OroM Eamingt.
-jy** Eamingt.-^-\
yiieellneAL.K. 2d wk Aug
27,126
19,351
1890.
1889.
699,8871
1890.
1889.
530.474
Wll. Col. ,.t Aug. Juno ..
59,285
52,961
Ron
(in.
492,8711
$
$
$
439.684
Wisconsin Cent. 2d wk Aug 110,628
89,821 3,037,860: 2,328.611 Allegheny VaUoy. .. June.
81,264
219,848
239,587
00.845
Wrlghtev.AiTen.iJiUy
6.210
Jan.
5,986
1
47,413'
to
June
30...
1,199,199
1,092,368
484,926
450,782
42,048
Annlstou 4 Clneln.June.
11,531
7,662
2,585
1,712
for both years since July 1
«^i^i^^ ^°- ^ I^n'»vllle Included
Jan. 1 to June 30...
55,262
26.464
75,335
14,361
A*S«'^'"'l*'','"?'l''?''C'"'»*e'l since July 21 In 1890 and UUca Clin»^
ton & Bing. included for both years since July 1
Atoh. Top. 4 S. Fe..May. 2,850,695 2,118,303
863.100
472,434
I Mexican currency,
Jan. 1 to May 31. ..12,094,126 9,707,024 3,739,156 3,157,340
g Main Line.
July 1 to May 31. ..27,096,128
9,353,915
Or.8.L.&U.(f. Jirne
Or.Ry.&X.Co. Junel
et.Jo.AGMlHl.
,
Utw Aug
.
.
.
.
.
.
.
.
—
,
"/"'* ^»"?'np "y Week8.-The
latest «reekly
eari).
in-'i^M
togs
in the foregomg table are separately
summed upas follows"
In the aggregate the returns continue
to reflect a very satisfactory rate of M.rowth, the 6.5 roads below
for the secoS
of August showmg 9 -83 per cent gain.
w^k
2rf
wtek of August.
At.Top.A-S.F. system...
St. Louis A 8. Frau.sys.
Bait. 4 Ohio Southw
..
Buffalo Koch.
&
Pitts...
Canadian Paoiflc.
Chesapeake
Ohio
Chicago & Atl,\ntio
Ohloago & East. Illinois.
Chicago .Mil. & St. Paul..
Chicago 8t P. & Kan. C.
Chicaifi. A West Michigan.
<St
Cincinnati Jack.
Cleve. tin. Chic.
4 Mack
& St. L,
Peoria A Kastern
Coloraao .Midland...
.
Denver .V Rio Grande
Detroit l.ans. & North. ..
Duluth .8i). .8h. & Atlantic
Evans. A Indianapolis.
£vans. <k Terre Uaute...
Flint 4 Peru Marquette.
Grand Rapids 4 Indiana
Cimlnnati K.4Ft.W..,
Other Hues
Iowa Central
Kanawha 4 Michigan.
Keokuk 4 WeHlorn
lAke Erie 4 Western
'„
.
.
Loulsv. Evajisv. 4 St. L
Louisville ANashvillo .
Ixiuisv. W. Alb. 4 Chic,
loulsv. .V. O. 4 Texas
Louisville St. L. 4 Texas
.
Mexican Central
Mexican National
Milwaukee L. 8h. 4 V, est.
Milwaukee 4Norihern
'
New York Out. 4 West...
Norfolk 4 Western
Northern PaclUc
""
Ohio 4 .Mississippi
OhIoRlver
Peoria Dec. 4£vana
Pittsburg 4 Western. ..'
Rich. 4 Uauv. (8 roads)..
RIO Orande Western....
St. L. Alt. 4 r.H. Brche»:
•(.Louis .\rk. 4 Texas
Seattle L. ». 4 Eastern ..
Texas 4 Pacihc
Toledo Ann. A.4No.Mioh.l
1S90.
1889.
599.608
152.420
519,097
148,120
48.990
40.735
312.000
146.971
49,17
56,213
453.041
60,560
25.319
16.216
241,457
31.142
30.825
138,000
20.513
51,490
49,864;
44,tf38
333.000
158,114
62,754
69,765
498,000
79,480
30,561
14,458
254.965
27,176
34,300
178,500
23.140
58.992
7.698
23.553
50,352
62,558
9,326
4.302
35,956
7,152
7.902
66.895
31,452
394.985
52.950
53.776
9,145
lloVia
65,782
82.056
30.650
62.431
160.022
491,897
103,345
17,011
17.152
44,120
271,650
37,050
28,360
80.735
„.„„„
9.680
116 OOO
2307^
Inereau.
80.511
4,300
864
4,203
21,000
11,143
13,583
13,552
44,959
12,920
5,251
1,758
"isis'o's
'3,966
3,175
40,.50O
2,627
7,502
8.151
21.280
42,584
51,585
9,128
3.976
33,628
5,987
8.070
64,067
24,092
356,086
49,782
40,755
5,610
111,178
63.394
81.532
26,046
50,487
139.684
439,931
104.095
15.436
16.044
47.253
240,025
27,350
22,397
76,695
7,743
118,383
18,677
Dtereate.
2.273
7.768
10,973
453
198
326
2,328
1,165
2,828
7.360
38,899
3,168
13,021
3,505
2,750
2,388
168
750
1,575
1,108
3,133
31,625
9,700
6,963
4.040
1,037
2,383
4.401
155,023
130,163
32,310
13,256
679,028
627,582
106,138
11,534
July 1 to May 31... 1,384,685
177,784
Atchison system. June 2,523.512 2,004,199
532,169
308,112
Jan. ] to June 30. .15,290,696 12,428,796 4,367.463 2,476,975
July 1 to June 30. .31,004,355 27,572.869 10,053,868 6,772,391
St. L. 4 Ban Fran. June.
431,350
470,919
187,933
172,975
Jan. 1 to June 30... 2,895,879 2,554,761 1,148,611 1,032,102
K'ds J'tlyowned,ia.May.
152,067
33,325
Tot.8tL.48.F.8ys .May. 695,681
562,016
232,685
179,408
G'd agg. A. 4 8. F.May. 3,701,402 2,810,481 1,118,101
665,008
Atlantic 4 DanTille. June.
34,200
43,954
6,662
15.047
Jan. 1 to June 30...
239,127
159,178
90.840
72,720
Baltimore 4 Ohio—
Lines East OhioRI v. July 1,569.467 1,493,622
614,733
543,403
Jan. 1 to July 31... 10,402,783 9,149,052 3,112.359 2,814,918
Oct. 1 to July 31... 15,292,514 13,064,613 5,012,717 4,094,310
Lines WestOhioRl v. July
441,048
66,624
88,763
470,258
Jan. 1 to July 31... 3,059,721 2.750,155
376,189
389,395
761,463
Oct. 1 to July 31... 4,512,914 4,053,428
668,013
Total System
581,357
July. 2,039,725 1,934,670
632,226
Jan 1 to July 31. ..13,462,504 11,899,^07 3.488.818 3,204,313
Oct. 1 to July 31.. .19.805,428 17,118,011 5,774.185 4,762,323
50,653
Balt.4 Ohio Southw. June.
159,583
169.406
38,865
358,263
Jan. 1 to June 30... 1,085,923
972,263
241,121
Bait A Potomac... June.
33,860
122 195
17,107
143,451
Jan. 1 to June 30...
187,755
829,098
787,423
190,426
Buff. Boch. A Pitts. June.
147.467
70.330
33,594
198,-508
346,773
341,401
Jan. 1 to June 30...
914,773
975,705
Oct. 1 to June 30... 1,472,927 1,514,894
488,783
448,954
Burl.Ced.Rap.ANo.June.
210,267
18,197
32,845
209,427
Jan. 1 to June 30... 1,407,361 1,277,600
331,972
308,313
Burl. A Northwost.June.
5,779
4,814
2,448
1.975
Jan. 1 to June 30...
27,271
10,315
27,250
0,323
Burl. A Western.
4,303 def. 1,636 def. 377
.June.
4,807
Jan. 1 to June 30...
25,048 def. 6,151 def. 3,675
37,923
Camden 4 Atlantlc.June.
13,905
16,994
77,909
68,667
Jan. 1 to Juno 30...
274,195
10,808
18,670
308,338
Canadian Pacific June 1 ,356,503 1,255,361
533,157
627,463
Jan. 1 to June 30... 6,911,819 6,369.494 2,130,182 1,977,422
Cape F. 4 Yad. Val. July.
42.581
27,243
14,880
7,787
Jan. 1 to July 31...
291,127
217,553
116,260
94,375
Cent. RR.4B.Co.Oa. May
135,077
535,152
466,593
141,353
Jan. 1 to May 31.. 3,316,314 2,920,921
632,601
531.086
July 1 to May 31.. 7,947,395 7,041,127 12,015.580 12,222,531
Cent.ofNowJersey.June. 1,196,205 1,190,930
.551,714
561.674
Jan. 1 to June 30... 6,062,020 6,010,100 2,400,367 3,529,935
Central Paoiflc
June. 1,362,638 1,326,023
478,227
558,694
Jan. 1 to Juno 30... 6,881,196 7,117,898 1,910,223 2,337,507
Chattanooga Cnlon.Juuo.
11,154
10,101
5,696
4,187
Jac. 1 to June 30...
54,543
51,752
21,278
13,548
Chesapeake A Ohio June
605,041
407,996
61,016
25,969
Jan. 1 to June 30... 3,571,038 3,595,996
613,110
411,060
July 1 to June 30... 7,161,000 5,290,000 1,706,000 1,025,000
.
4,601
11,944
20,338
51.966
,
Roads Jointly owned:
Atchison's half... May.
Jan, 1 to May 31...
. .
521
——
. .
.
..
...
THE CKRONICLK
238
.
Gross Earniitgs.1889.
1890.
Soadt,
152,322
154.975
Cbes. Ohio & South. Jane
910,814
033,435
Jan. 1 to June 30...
160,439
199.122
Chicago & Atlantic. June.
Jan. 1 to Jiiue 30... 1,354,627 1,031,017
July 1 to Juue 30... 2,679,503 2,180,623
141,861
149.107
Ohio. Biirl. & North. Jane
932,295
903,476
Jan. 1 to June .30..
Chlc.Biirl.<fcQuliioy".Jnue 2,740.583 2.684.060
Jan. 1 to June 30... 16,937.025 15,346..V26
Chic. MU.&St.Paiil. Juue. 1,949,876 2,007,201
Jan. 1 to June 30.. .11,614.407 11,108.918
July 1 to Juue 30... 26,405,708 25,422,539
28.016
31.082
Chicago Peo. <fc St.L.May
135,928
159,038
Jan. 1 to May 31...
370,532
July 1 to May 31...
375,313
508,607
Chic. St.L. & Pitts.. June.
Jan. 1 to Juue 30... 3,208,966 2,667,521
106,570
130,211
Clilc. & West Mich. June.
66J,192
748,409
Jan. 1 to Juue 30..
282.817
367.332
Cln.N.O.&Tex.Pac.Jime.
Jan. 1 to June 30... 2,120.115 1,748.027
July 1 to Juue 30... 4,309,144 3,655,859
70,397
New Orl. & N'east.Juue. 116.468
485,077
647,195
Jan. 1 to June 30...
979,280
July 1 to June 30... 1,219,731
40,430
50,348
Alabama &Viclf8. June.
330,034
265,614
Jan 1 to June 30...
651,838
676,662
July 1 to June 30...
36,824
38,564
Ticks. Sh.&Pac. June.
258,009
270,887
Jan. 1 to June 30...
592,604
639,754
July 1 to June 30...
63,884
73,812
Clev. Akron & Col.. June.
401,693
346,125
Jan. 1 to Juue 30...
735,141
803,588
July 1 to June 30...
30,074
.50,822
Olevel'd & Canton.. June.
195,483
246,373
Jan. 1 to June 30...
390,216
499,502
July 1 to June 30...
Clev. Cin.Ch.&St L.June. 1,135,374 1,123,706
Jan. 1 to June 30... ' 6,330.720 5,993,456
July 1 to June 30.. 12,836,714 12,002,216
29,627
21,803
May.
Clev. & Marietta
114,322
102,159
Jan. 1 to May 31...
238,991
201.231
Col. H. Val. &Tol..June.
Jan. 1 to June 30... 1,290,793 1,109,410
5,911
Covington & Macon. June.
9,545
65,495
44,987
Jan. 1 to June 30...
37,683
34,952
Dart'u Ft.W.&CUie.June.
238,3ti5
230,050
Jan. I to June 30...
696.206
Denv'r<fe R. Grande. June.
756.608
Jan. 1 to June 30... 3,890,852 3,574,321
50.280
44,654
Det. Bay City & Al. .July.
Jan. 1 to July 31...
330,234
311,313
97,276
83,372
I>et. Lans. <fe North. June.
Jan. 1 to Juue 30...
561,832
515,788
Ea3tTenn.Va.i Ga-May.
531,770
400,924
Jan. 1 to May 31... 2,669,595 2,171,317
July I to May 31... 5.897.663 4,868,964
Knoxv. & Ohio... May.
60,474
44,893
Jan. 1 to May 31...
272,635
238,888
July 1 to May 31...
575.140
501,812
Total system
May.
592,244
445,817
Jan. 1 to May 31... 2,942.230 2,410,404
July Ito Miy3l... 6,472,805 5,370,776
£liz. Lex. & Big San.June.
61,116
56,991
Jan. 1 to juue 30...
367,996
391,047
Evansv. & Indianap.May.
24,032
21,675
Evansv. & T. Hauto.May.
84,369
72,913
Flint & Pere Marq..Juno225,240
176,272
Jan. 1 to Juue 30... 1,521,858 1,187,369
WML Cent. & Penin.May.
91,413
85„532
J*n. 1 to May 31...
517,103
498,232
CM. RB. &Bk. Co. .June.
107,501
93,437
Jan. 1 to June 30...
861,376
792.351
Ga. Southern & Fla.Juue.
58,008
22,043
Jan. 1 to Juue 3 J...
321,013
121,766
Grand Rap. & Intl.. June.
219,958
179,889
Jan. 1 to June 30... 1,222,843 1,089,723
Total system
Juue.
276,245
227,983
Jan. 1 to June 30. .. 1,550,275 1,384,774
'
Gr'nd Trunkof Can. May.
Jan.
Chie.
<t
1
to
May
326.573
1,490,607
57.680
Grand Tr.May.
Jan. 1 to May 31...
Det. Gr. H. &Mil.May.
Jan. 1 to May 31...
GreenBay W.& St.P. June.
64,619
317,868
17,053
87,955
$
27,201
Jan. 1 to June 30...
171,046
nilnois Central
July. 1,095.229
Jan. 1 to July 31... 7,800,827
Cedar Falls & M July
8,078
Jan. 1 to July 31...
50,576
Dub. & Sioux City. July.
150,258
Jan. 1 to July 31... 1,018,216
Total Iowa lines .July.
158,936
Jan. 1 to July 31... 1,088,792
Ind.De\ AWest
May
37,790
Jan. 1 to May 31...
175,282
Ja«k.Tampa Jc K. W.5 Juno.
35.233
Jau. 1 to Juue 30...
311,927
.
.
Kan.C.Pt.8.& Mcm.Junc.
359,803
Jan. 1 to June 30... 2.350.787
July 1 to June 30... 4,937.431
Kentucky Central June.
87,704
Jan. 1 to June 30...
485,636
Keokuk A Weatern.June.
24.837
Jan. 1 to June 30...
164,421
L. Erie All. & South. Jiiuo.
5.370
Jan. 1 to Juni? 30...
31,129
Lake Eric >V Wen'n. June.
202,114
.
Jan.
I
to
.
Juue
30... 1,266,171
-Gross JSarnings.-
Set
Earningt.1839.
1890.
9
62,643
365,284
41,128
137,378
333,077
40,801
,33,201
338,700
313,541
989,037
742,880
5,591,584 4,763,103
624,084
639,803
3,311.958 3,259.723
8,874,173
9,232,610
12,169
12,336
58,343
62,530
147,209
3
),648
105,271
328,443
587,741
63,038
46,939
178,080
268.800
73,000
122.000
487.922
083.000
1,582,000 1,145,256
3,824
29,000
63,357
177,000
178,324
340,000
10,000
6,000
64,000
66,000
161,000
177,000
def. 8,000 def. 3.000
2-(,000
5,000
132,000
125,000
17,921
21,267
81,162
105,314
160,111
214,881
19,165
11,644
60,274
77,283
122,437
162,698
416,482
396,941
2,230,692 1,896,936
4,551,291 4,020,851
4.569
8,393
28,828
24,029
117,643
63,825
603,453
420,054
2,261
396
15,894 def. 4,036
4,131
5.474
43.334
40,459
324,391
333,462
1,530,710 1,303,335
25,178
20,511
164,125
149,983
29,410
26,718
155,303
116,035
127,681
131,516
874,576
672,033
2,213,468 1,585,960
23,862
17,773
106,225
93,742
213,494
198,633
151,342
149,289
980,800
765,774
2,456.961 1,784,593
25,683
14,659
141,331
114,179
8,573
6,830
42,698
39,434
62,364
53,647
422,394
359,860
13,194
7,932
110.914
88,813
41.552
10,431
272.9S4
232,742
22,536
11,242
115,717
6), 264
76,540
41,299
393,216
333,757
95,677
48,483
509,529
417,390
49,791
324,623
27,787
282,310
687,977
£
340,782
31... 1,574,518
[Vol. LI.
117,128
432,650
17,675
77,120
3,873
14,969
112,027
401,293
15,761
66,425
3,286
13,126
275,193
15,891
79,716
$
S
22,181
1,161
1,876
135,414
27,754
8,353
1,092,494
288,862
410,710
7,523,323 1,833,143 2,713,738
6,984 def. 2,130 def. 4,303
50,826 def. 23,946 def. 11,887
130,625
24,635
23,440
914,147
133,990
189,210
137,609
22,505
18,937
96 1,973
130,044
177,323
27,533
10.093
4,324
153,158
40,429
38,562
29,530 def. 9.420 def. 1,376
290,030
100,371
85,443
365.716
98.037
102,447
2,232,575
651.230
687.577
4,543,567 1,550,785 1,518,038
79.282
39,078
31,853
453.168
203,339
188,566
23,151
2,700
3,223
152,952
46,474
36,894
4,077
756
358
29,740
4,456
5,908
180.876
68,805
59,..
1,476
1,147,748
477,710
417,974
1890.
Roads,
Little
Kock & Mem. June.
34,320
248,760
106.511
-Ifet
Eamtnys.-
1889.
1890.
1889.
$
$
S
37,291
280,909
95,018
2,979
3,055
45,239
75,906
38,152
31,105
1 ,371,855
464,374
;519,783
3,335,007 3,058,634
8, 292,141
16,,599,396 7,389,393 6,273,311
181,022
7,760
44,818
i;,233,666
168,735
337,135
118,539
34.957
28,112
608,579
166,424
193,898
492,906
358,922
1,,305,806
564,6<>8
176,078
285,804
954,615 1,289,578
2,,630,992
301,418
48,374
28,085
368,529
839,762
1,,837,962
28.322
21,221
103,945
177,146
95,328
591,380
505,173
332,960
,330,319
1,
17,525
109,377
18,520
Jan. 1 to June 30...
Lou. Evansv.A- St.L.. May.
May. Jl,499,783
Ijouisv. & Nasliv
Jan. 1 to June 30... 9,141.356
July 1 to June 30... 18,800,513
183,325
Lonlsv. N. O. & Tex. Juue.
Jan. 1 to Jiuie 30... 1,265,868
143,051
Memphis & Cha'st'n May.
736,908
Jan. 1 to May 31...
July 1 to May 31... 1,653,362
May.
524,244
Mexican Central
Jan. 1 to May 31... 2,769,454
281,485
Mexican National .June.
Jan. 1 to Juue 30... 1,860,139
Minn. & St. Louis, June.
99,489
650,565
Jan. 1 to June 30...
July 1 to June 30... 1,507,122
Minn. St.P. &S.S. M.June.
131,031
252,184
163,439
943.684
634,074
Jan. 1 to June 30...
118,382
144,586
Nash. Ohatt. & St. L.July.
341,167
299,209
784,776
1
796,352
Jan. 1 to -July 31... 2,050,803
,964,110
def.450
2,286
New Orleans & Gulf. June,
10,292
12.494
8,269
82,163
4,963
Jan. 1 to Juue 30...
74,155
821,549
1804,799
N.Y. L. E. & Wesfn Juue 2,426,790 2,,311,604
Jau. 1 to June 30... 13,724,377 12,,196,582 4,579,657 4,122.808
Oct. 1 to Juue 30.. 21,196,411 19,,160,999 7,215,096 6,629,580
514,8S2
159,451
139,245
479,880
N.Y. & New En"l'd. June.
878,474
734,521
Jan. 1 to .Tuue 30... 2,798,296 2,,599,108
July 1 to Jime 30... 5,849,692 5,,497,399 2,067,536 1,836,951
13,684
8,230
N.Y. & Northern... June.
43,223
50,872
57,233
41,166
Jan. 1 to June 30...
262,689
272,434
59,475
56.930
399,329
Oct. 1 to June 30...
403,283
26.372
27,240
156,001
N. Y. Ont. & Wesfn. May.
169,359
67,259
644.322
114.833
Jan. 1 to May 31.
753,740
102,859
184,457
Oct. 1 to May 31... 1,223,345 1,,046,770
158,922
182,563
Norfolk & Weatern.June.
435,904
534,931
881,556
Jan. 1 to June 30... 3,057,289 2,,527,694 1,021.941
127,385
149,337
Northern Central. .June.
416,553
548,852
907.201
842,955
Jan. 1 to June 30... 3,256,944 2, 715,301
643,146
798,780
Northern P.aciflo
May. 1,964,771 1,,632,186
Jan. 1 to May 31... 8,024,733 7,,289,150 2,999.332 2,818,066
July 1 to May 31... 20,680,099 17,,910,091 8,874,201 7,175,092
50,124
57,866
Ohio & -Mississippi. .June.
305,965
296,523
417,864
501,255
Jan. 1 to Juue 30... 1,960,460 1,,826,702
July 1 to Juue 30... 4,214,747 3,,955,168 1,302,276 1,029,806
17,8"8
27,865
Ohio River
June
41,747
58,657
100,217
121,788
Jan. 1 to June 30...
293,397
242,290
53,745
77,821
Oregon Imp. Co
June.
385,229
313,809
275.419
229,272
Jan. 1 to June 30... 2,038,748 1 ,986,849
275,650
Dec. 1 to Juue 30... 2,.369.390 2 ,322,432
246,316
766,879
Penn. (E. of P.&E.).tJuue 5,172,004 3 ,931,020 1,057,085
Jan. 1 to June 30... 31,958,513 28 ,004,238 8,976,252 8,410,473
31,298
Peo. Dec. & Evans. .May.
29,755
67,597
66,018
3,182
Petersburg
18,792
June.
47,768
38.545
58,646
Jan. 1 to Juue 30...
112,015
2.52,568
283,930
102,882
July 1 to June 30...
187,455
498,918
443,496
105,867
Plilladelphiac&Erie.June.
143,425
447,353
318,926
690,076
Jan. 1 to June 30... 2,436,157
701,300
,960,736
424,456
Phlla. & Reading... June. 1,867,087
912,518
,536,732
Jau. 1 to Jime 30... 9,661,527
,469,870 3,833,985 3,097,707
Dec. 1 to Juue 30.. .11,316,469
,870,382 4,554,434 3,662,042
Coal & Iron Co. ..June. 1,602,406
,670,083 d.'f. 27,467 df. 107,432
Dec. 1 to Juno 30.
,811,317df.611,014<U.l,035,426
9,167,599
6»,362
Pitts. Cinn. & St. L.,Tune.
lia.174
477,476
369,539
671,014
Jau. 1 to June 30 .. 3,006,850
813.261
,631.866
47,839
Pittsburg & West'n. June.
57,281
126,100
114.790
Jan. 1 to June 30 ..
256,770
315,2^1
708,139
679,509
July 1 to June 30... 1,432,276
540,987
638,467
,373,885
10.711
Pitts.Cleve. &Tol.June.
6,252
39,865
39,791
Jan. 1 to June 30...
50.932
44.539
234,011
243,391
July 1 to June 30...
129,381
101,675
481,417
466,297
14,.500
Pitts.Paines. & P.June.
8,688
29,125
28,890
Jan. 1 to Juue 30.
47,437
32,938
133,671
142,163
July 1 to June 30...
120,329
276,624
311,009
76,735
Total system
73,050
June.
72,219
195,090
183,471
Jau. 1 to June 30... 1,075.822
355,137
392,697
.005,060
July 1 to Juue 30... 2,190,317
790,696
816,875
,190.980
Pitts. Youngs. & Ash. June.
17,644
120,319
42,710
96,789
Jan. 1 to Juno 30...
148,342
671,174
249,173
503,815
Pr'scott & Ariz. Cent. July.
5,820
13,937
11,000
9,149
Jau. 1 to July 31...
48,919
73,874
75,046
48,682
Quin. Omaha & K.C.June.
20,500
5,875
20,774
5,768
Jau. 1 to June 30...
35,351
114,906
122,583
28,871
Richm'd &Danvillo..Tune.
55,77B
396,200
382,761
68,967
Jau. 1 to Juue 30... 2,837,991
883,997
997,902
,614,699
Virginia Midland. June.
181,192
40,392
54,323
160,059
Jan. 1 to June 30... 1,081,857
338,715
964,170
304,642
Char.Col & Aug. June.
4,277
54.262
53,225 def. 6,123
Jan. 1 to Juue 30...
118,985
437,282
104,726
413,546
Columb.&Oreen v. June
44,884
38,.503 def. 4,957 def.8,423
Jan. 1 to Juue 30...
90,108
412,826
340,275
104,656
WestNo. Carolina. June.
67,181
65,399
12,058 def. 24,021
Jan. 1 to June 30...
67.392
462,589
439,778
131,168
Georgia Paoiflc.June.
158,506
12.303 def. 3,300
94,686
Jan. 1 to Juue 30...
51,423
891,048
625,867
29,242
Wash.Ohlo&West.June.
11,498
8,793
2,088 def.3,782
Jau. 1 to Juue 30...
60,496
50,376
8.192 def.3,901
Ash (tSpartanb'g.June.
10,226
8,296 def.2,127 def.3,456
Jan. 1 to June 30...
03,689
54,797
4,364 def.8,561
Total of al]
June.
923 949
.57,456
811,724
136,1.34
Jan. 1 to Juue 30... 6,247.778
,503,; 08 1,704,792 1,538,158
Rich. & Petersburg. June.
1,173
31,531
23,742
6,922
Jan 1 to June 30...
45,982
176,377
146,363
58,777
July 1 to Juue 30...
79,724
325,303
280,657
100,948
Bio Grande West'n. June.
48,979
156,183
119,779
35,263
Jan. 1 to June 30...
212,533
786,445
655,845
179,443
July 1 to June 30... 1,622,234
476,866
,421,431
516,717
RomeWater. &Ogd. June.
106,660
320,903
119,481
281,379
Jau. 1 to June 30... 1,871,487
559,299
751,600
,539,283
Oct. 1 to Juue 30... 2,850,110
958,646
,420,231 1,216,905
.
.
.
.
.
.
.
—
:
ACOUBT
THE CHRONICLR
28, 1800.]
.
RoaiiM.
Bt.L.AIt.Ar.n. hdm.Mny.
Jim. 1 til Miiy :U...
St. PniilvtI)uliit,li...Miiy.
Jan.
July
BanFrmi.
Jim.
July
8»T.
I
l<>
1
to
Mny
Mny
31...
31...
9
9
*
81,829
39M,3)i9
12(i.()l(»
101.174
<10.-),17a
37,813
203,420
30,103
131,070
333,.'>89
30,001
07,315
726,187
22i),'511
Mi>iil.r..)une.
'.'fl,«2fl
7,,^.^5
5.%,9(»5
10,12.5
I'lioKlo
2H,'2UI
14I,»2S
31, Hint
7H,o7t
7i,23.'5
03,585
21.070
117,732
43.972
249,387
7.5,003
392,871
70,507
020.773
1,279,002
284,681
Jan. 1 to.Iuue3a... 1,948.017 1,800,447
LoulMauaWesfn.June.
87,600
78,577
Jan. 1 to June 30...
538.415
189,831
315,367
llorgftirnI.'j.&Tox.Juno
117,117
Jan. 1 to June 30... 2,526,773 2,380,920
N.Y. Tex. *Mpx..Jnuo.
I.MIS
12,703
61,750
Jan. 1 to Juni30...
83,582
Tox.A.VowOrrns.June.
110,125
132,289
882,133
749,080
Jan. 1 U> Juno .30...
9H3,9.">9
823,016
Total Atliintiesvs.Jnne.
Jan. 1 to June 30... 5,978,979 5,491,031
Tot Pao. system.. Juue. 2,931,782 2,841,152
Jan. 1 to June 30 ..15,587,580 15.709,781
Total otall
.Tuno. 3,895.742 3,001,769
Jan. 1 to June 30 ..21,560,565 21,260,815
303,301
Sontlieru Paolflc KR.—
Coast (North.) DIv.Juue.
210,105
Jan. I to June 30.
999,867
Southern Dlvls'u.June.
.')08,714
Jan. 1 to Juue30... 3,0i2,073
Arizona Division. June.
1.57,311
Jan. 1 to June 30... 1,012.130
New Mexico Div. .June.
77,030
Jan. 1 to Juuo30...
S32,O03
Btat'n I. Rapid Trnn. June.
117.118
Jan. 1 to Juno 30...
122,831
Oct. ltoJune30...
591,011
BummU Branch... July.
90.110
Jan. 1 to July 31...
559,571
Lykens Valley.... July.
93,935
Jan. 1 to July 31...
555,410
.
.
TallaleKaACoosaV.Junc.
July 1 to June 30...
6,579
72,358
189,216
948,202
49.5,591
2,960,363
127,250
936,737
67,843
484,852
111.630
408,341
577,626
93.339
679,883
54.370
457,278
5,188
Tenn.CoalAlnmCo.May
Jan. 1 to May 31
Feb. 1 to May 31
Tennessee MldlM..June.
15.955
13,667
95,776
85,636
21.568
21,224
131,131
115,050
June 1 to Juise 30...
315,511
238,256
Toledo&Ohio Cent.Juue.
135,935
103.078
Jan. 1 to June 30.
638,945
52.3,814
July 1 to June 30... 1.388,749 1,103,818
ToI.*OhloC. Exten..rune.
8,971
7,720
Jan. 1 to June 30...
50,193
45,230
Tol. Peoria* West .June.
72,485
68,317
Jan. 1 to June 30...
447,110
427,3.38
July 1 to June 30...
938,727
903,938
cuter & IJelaware.June.
33,398
26,493
Jan. 1 to June 30...
151,783
125,222
Jaa. 1 to June 3 J...
ToledoCol.,&Cinoin.June.
Jan. 1 to June 30...
.
32.411
87,030
198,737
2,441
17,82.-)
0.203
def. 1,00s
10,825
3.712
97,821 flef. 05,023
n,00."j
21.910
240,0ii2
126,4h7
410,773
270,195
.
19,086
314,101
39,228
278,585
113,710
715,017
rtoM,521
dcf. 21,474
58,189
304,039
229,.VJ1
1,047,8. i9
1.121,090
4,102,190
1,3.54,281
6,110,358
Ore. Ry.&N.Co.rf. June.
433.731
401,823
Jan. 1 to June 30... 1,806,303 1,967.108
Un. Pac.D..tGulf .June.
335,589
523..54S
Jan. 1 to June 30... 2,638,616 2,0J0,626
St.Jos. &Od. Tsl.June.
123,091
91,298
Jan. 1 to June 30...
741,104
546,732
All other lines.... June. 2,0.36,083 1,830,978
Jan. 1 to June 30.. .11.132,075 8,531,142
Total Un.Pae.Sys. June. 3,793,862 3,329,187
Jan. 1 to June 30... 19,901,750 16,904,340
Cent Br.ALeas.UJune.
73,603
584.122
TolalcontroUod..Juue. 3,867,465
11,070
252,978
34,652
112,242
83,837
603,977
aef.545
def. 27,195
53,094
215,702
215,707
1,247,701
1,014.582
4,776,719
1,230,289
6,021,182
71,357
.98,878
390,303
309,203
153,233
134,482
810,665
729,502
35,312
52,247
347,893
217,768
22,337
29,403
216,939
163,474
51,217
57.216
90, 103
109,254
123,039
132,522
6,023
def. 12,330
50,767
def. 56,575
1,034
7,380
det.1,915 dof. 30,297
909
2,017
27,309
51,700
86,100
264.000
425,800
203,800
322,.500
3,670
4,269
22,000
20,380
11,071
9,723
42,049
70,063
90,149
153,633
39,234
50,932
270,951
178,014
579,113
383,171
1,760
3,913
22,714
25.998
17.352
13,131
108,483
103,035
227,168
208.195
1,793
9,148
50,014
47,793
Vnlon Paciflc—
Oregon «.L.AU.N.June.
671,512
503,500
208,895
Jan. 1 to June 30... 3,523,500 2,858,737 1,129,982
218.801
71,190
167,019
769,371
55,,538
272,700
1,201,151
174,292
599,468
9(i,883
362,874
31,611
155,.508
300,961
806,422
919,299
3,627,072 3,318,006
1,516,705 1,494,786
5,898,570 5,840,308
6,183
4,236
187.910
47,913
1,522,338 1,499,072
6,036,480 5,888,223
26,590 def. 8,716
def. 11,192 def. 93,149
dof. 5.085 def. 3,856
def. 19,087 def. 17,229
53,121
329,795
3,382,303
Jan. 1 to June 30. ..20,485,872 17,234,141
MontanaUnion.^.Juuc.
79,980'
64,200
Jan. 1 to June 30...
428,313' 314,142
Leay. Top.* S.W. June.
2,247
1,967
Jan. 1 to June .30...
14,824
13,829
Man. Alma A Bur. June.
2,999
2,009 dcf.3,075 def. 2,73 I
Jan. 1 to June 30...
16,960
15,581 def. 6,525 def. 7,295
Jan. 1 to June 30...
Unes Jolutlyowned—
One-half
June.
Jan. 1 to June 30...
42,613
230,0f)3
Grand
total
June. 3,910,077
Jan. 1 to June 30. ..20,715,935
''"''a*''
fune.
903,603
Jan. 1 to June 30... 6,000,803
July 1 to June 30. ..13,339,490
We«tN.Y.& Penn.June.
1
Oct.
1
to
to
WoitJersey
Jan.
1 to
Juno
June
Jan.
Je
1
301.112
30... 1,701,811
30... 2,003,784
June.
June 30...
W.Va. Cciit.APitH.Jitly.
Wheel.
Ro'il'.
Whitehr'sl Fuel Co.. Juno
June 30
July I
Juno 30
WlBcmslu Central. May.
Jan.
I
to
to
•Ian.
1
July
1
to
to
Wrifihlo.
A
to July 31...
Like Erie. May.
T^P- i !"
J!"'' i\Jul}
1 to May 31...
114,715
700,702
34,391
9,215 def. 7,653
186,708 def. 35,052 dcf 58,-37
3,410,699 1,.532,103 1,491,419
17,420,907 6,051,134 5,829,3M6
1,035,915
104,076
201,224
5,712.280 1,377,758 1,0S4,15(!
12,590,432 3,300,271 2,770,240
201,321
83,808
21,913
1,501.201
263,363
519,210
2,351,386
797.083
486,539
132,276
43,037
53,331
629,110
176,730
151,017
88,937
512,510
93,214
72,336
417,410
73,433
30,0.59
17.5,929
39,3.>8
1-50,132
3.50,431
910,560
803,988
179,090
376,733
24,407
125,310
20.697
134,703
303,110
May
May
Tennlllc.June.
JTef
9
t
155.100
341,290
1.161.2X3
3,010,540
5,725
4,002
41,203
36,0.59
80,017
73,501
31... 1,903,090
31... 4,388,531
Jan. 1 to June 30...
July 1 to June 30...
Kamingt,—^
1890.
18fl».
9
9
12,280
SiSOft83,113
43,331
150,395
141,807
193,419
118,020
081,513
416,001
1,710,301 1,129,098
1,719 dnf. 16,383
16,081 def. 18,102
35,713 def. 9,927
* Includes eontrolled roadx.
fAddiiiL-'
ceived from Inveat-.014 last year, and
mentji, net for .May, 1890, was *i:to.s!is,
.:U3,k73.
for 11 month'* to May 31, .112,190,73-.
&Matn
line only,
r This cxeludes boats in l3i!i.
-M. irninns Incluae rail
lines only, not the water routes. ! FiKure.n for June, 1890, are esti.
,
mated.
GENERAL INVESTMENT NEWS.
Co.—
Oal. Udf. .tS.Aut.Juuo.
Jan.
Eamtngii.
1800.
1880.
107,.'>01
l,2l)a,37l
H0,S97
331,091
June
>-—amM
Earntngt.
1889.
.^olt.2«7
141,015
Jan. I to June 30...
51,222
Soloto Val.iV N li:itt..)miP.
27.',031
Kol). 1 to Junt- 30...
101,701
Bhonsndo.-vliViiIIoy.Juno.
5t>4,193
Jan. 1 to June 30...
tunc.
81,721
South Cnrollna
093.313
J(in. 1 to June 30. .
July 1 to June 30... 1,420.702
Bonthern
f/rl
181)0.
75\.29-l
to JiiiU' 30...
1 l«
Am. A
l()1.77l
4Hl,8tHI
.
1889.
30...
,tX().Pii<'..Iiiiio.
1
Oron Karumfft.
18»0
i
239
—
& Olilo. There htis been placed on record in
Superior Court of Baltimore an agreement between tlie
Finance Company of Pennsylvania and the Baltimore & Ohio
RR. The agreement, which is dated Aug. 1, ecplains that
the Finance Company has leased to the Baltimore & Ohio RR.
Co. rolling stock and other railroad equipments to the value
of 12,000,000 to be secured by Baltimore & Ohio equipment bonds, bearing interest at the rate of 5 per cent per
annum, and issued in series running respectively from one to
ten years. The equipment to be acquired bv the railroad
company under the terms of the agresment embraces 35 locomotive engines, 3,700 freight card of various classes and IT
passenger coaches.
Called Bouds, The following bonds have been called for
Baltimore
tlie
—
payment
District of Columbia 8 per cent certificates of indebtedissued under the Act of the Legislative Assembly
approved May 29, 1873, to be paid at the Treasury of the
United States on and aifter the first day of September, 1890,
interest ceasing on that day.
Certificates due July 1, 1874,
and July 1, 1S75, viz.; 4,000 certificates of 8-50 each, Nos. 1 to
ness,
4,000; 2,000 certificates of $100 each, Nos. 1 to 2,000 ; 800 certificates of $500 each, Nos. 1 to 800.
Also couiwns due prior
to and including July 1, 1875, on all outstanding certificates of
indebtedness.
—
Chicago & Western Indiana. First mortgap-e 6 per cent
bonds of 1879, due November 1, 1919, to be redeemed at 105
and interest on November 1, 1890, at the office of Drexel, Morgan & Co., New York, 45 bonds of $1,000 each, viz.:
Nos. 6, 13, 17, 52, 82, 193, 199. 219, 241, 132, 183. 490, 1301, 1314,
1378,1411, 1640, 1661, 1669, 1754, 1799, 1827.1830, 1911,1952,
2075, 2232, 2240, 2396, 230S, 2554, 2609, 2665, 2768, 2801, 2884,
2894, 2950, 3042, 3069, ,3079, 3170, 3183, 3257, 3274.
Northern
Pacific, second mortgage 6 per cent bonds of
due December 1, 1933. The numbers of 97 of these bonds
which have been called for payment will be found in the advertising columns. They will be redeemed at 110 and interest upon presentation at the Farmers' Loan & Trust Co.,
interest ceasing October 1, 1890.
Canadian Paciflc— Minn. Sanlt Ste.M. & At.— Minneapolis.
President Van Home, of the Canadian Paciflc
Se Pacific.
Railway Company, gives notice that he is now prepared to
endorse its guarantee of interest at the rate of 4 per cent per
annum on the first mortgage bonds of the Minneapolis Saolt
Ste. Marie & Atlantic RR. and the first mortgage bonds of the
1883,
—
& Pacific Railroad, provided the holders of said
bonds deposit them with Messrs. Morton, Bliss & Co., of New
York, by whom checks will be given to such depositors of
bonds for the full amount of the coupons due July 1, 1890.
Carolina Knoxville & (JreenTille. The completed part of
this road from GreenviUe to Marietta, S. C, 14 miles, and the
unftnislieil grade and survey have been purchased by Jatnes
U. Jackson of Augusta, William Bailey of New York, and
other directors of the Augusta & West Florida. A new construction company, with a capital stock of §500,000, has been
formed by New York, St. Louis & Aujjusta parties, and it is
stated that tliey propose to resume work on the line within
two months. The project includes a road from Augusta to
Knoxville, 280 miles long, but of this only 14 miles were built
about two years ago. Railroad Gazette.
Charleston Siiiuter & Northern. On the extension from
Sumter to Bennettsville, S. C, 63 miles, traeklaying has been
begun. It is ex})ected to have the first 37 miles "from Sumter
to Darlington completed by September, and the remaining
26 miles to Bennettsville by January. The most imp.irtant
structure on the line is the steel bridge over the Pee Dae
River, near Sumter, which is 393 feet long; it will be built
by the Phoenix Bridge Company. The company have 76
miles in operation, comprising the main line, Pregnalls to
Sumter, S. C, 58 miles, and branches 18 miles. Six per cent
20-vear bonds have been issued on the whole line at the rate
of $15,000 a mile.
Chicago Elevated Terminal Railway Companr.—The
Chicago Elevated Terminal Railway Conipmv. with a capital
of $25,000,000, was incorporated at Springfield. 111.. Aug. 16.
Back of the chief incorporator. Gen. Joseph T. Torrence.now
in New York City, and his four associates, is the Atchison
Topcka & Santa Fe Raib-oad, which has valuable depot
grounds in the heart of the city, but lias long wished to secure
better approaches thereto, unhampered by the city ordinances
Minneapolis
—
—
—
:
.
THE CHRONICLR
240
[Vol. LI.
Mr. Magoun said to a Sun steel cables. The construction contract includes the building
more inconvenient for trains to enter of the railroad from Turners, on the Erie Road, to' a junction
than New York, and must have rapid transit for express with the New York & New England Road at Somerstown, a
trains on the trunk lines; and the onl^ practicable solution is whole distance of 34 miles; also the Pull HiU tunnel, a mile
to utilize the long strips of property witnin the city belonging in length, and the bridge; this latter will be 3,850 feet in
to the Atchison Road. The plan is to build a main Une of length, the one span across the Hudson River being 1,610 feet.
elevated structure extending from about Twelfth Street to the It is expected to complete the work in twenty months. The
city limits, five miles long, either along or in the neighbor- company have secured ample terminal facilities on both sides
hood of Blue Island Avenue; thence a surface road with such of the river, 74 acres on the west side and 53 acres on the east.
relative to the speed of trains.
reporter that Chicago
is
connections as may bo necessary in order to reach the roads
that are interested. The elevated structure will have a capacity of six tracks, and at Twelfth Street a big union station
will be built on property belonging to the Atchison Road. All
the roads participating will use their own yards, as at present.
It hasn't been decided yet what companies will come into the
union station. The chief object of the enterprise, however, is
to provide the Santa Fe and other non-competing lines with
an entrance into Chicago over elevated tracks, and the route
outlined is thoroughly in accordance with that idea.
Chicago Gas.
—The earnings
year were as follows
for the Brst six
months
this
:
Gross earnings
Other sources
$1,781,802
28,122
,
Total receipts
$1,809,924
673,423
Expenses
Balance
$1,136,501
The
sales of gas increased 7-18 per cent.
It is estimated
that the company will earn $1,395,630 this year, or 5'36 per
cent on the outstanding stock, or nearly 10 per cent on the
present price of the stock. Philadelphia Press.
—
Cleveland Ahron & Colnmbns. This company notifies
holders of its iirst mortgage bonds that it will pay the principal on the first of January, 1891, with accrued interest to
that date, at the office of Mr. J. A. Horsey, 17 and 19 WiUiam
Street,
New
York.
—
Colorado Midland. Earnings and charges were as follows
for the year ending June 30
:
Orogseamingg
Operating exjwnses
possibilities.
Milwaakee & Northern— Chicago Milwanbee
& St. Panl.
—A Milwaukee dispatch dated 30th inst. says: "Regarding
the
$558,943
556,000
$113,515
115,485
option has been secured, but
are pending."
$2,943 Dec. $1,970
St
.
Jan. 1
to
June 30
.
1890.
1889
$176,272
122,625
$285,240
162,878
$1,187,369
827,509
1890.
$1,521,856
i;099;463
*55'S*I
30, 245
$02i362
45,078
$359,860
183,721
"$422^31)3
2681742
$176,139
$153,651
$17,284
it is
not denied that negotiations
New York Railroads.—The reports below for the quarter
ending June 30 have been filed with the Railroad Commissioners.
As the companies now have to report for the year
ending June 30, instead of Sept. 80, as formerly, we have compiled in addition the results for the
new
year.
LAKE SHOBG & MICHIOAX 80UTHEBX.
^Quar. ettdinfJune 30.-v /- Tear endtd June 30
1889.
1890.
1888-89.
OrOBseamlngs
,
1889-90.
$4,606,878 $5,017,952 $18,191,424 $20,581,350
Operating expenses
2,983,398
3,448,878
1,388,647 13,357,872
Net earnings....
Other income
Total
,
Int., rentals
.
& taxes.
Surplus
$1,633,480
101,120
$1,569,074
113,841
$6,802,777
283,735
$7,223,478
430,353
$1,724,600 $1,682,915
1,047,745
1.085,267
$7,0i6,512
4,281,673
$7,653,831
4,332,540
$2,804,839
$3,321,291
$676,855
$597,648
KKW YORK CHICAOO &
ST.
LOOIS.
^Tear ending June
/-C««r. ending June 30.-^
1889.
1890.
$1,034,663 $1,319,211
Operating expenses.
790,064
1,049,225
1888-89.
Grosseamings
Net earnings....
•
1889.
$23,402
at 116}< the dollars figure 91 '05. Yesterday's sale was
the highest the company has received for the past eight years,
although at that time it was figured as exchange rather than
in dollars, as the latter were needed for construction purposes. The price of Mexican dollars, however, is based on
the London price of silver, as it is there that the dollars finally
land for shipment to the East.
The Mexican Central has shipped the past six months about
1,700,000 silver dollars, but a fair estimate, now that construction is less, would be at the rate of 4,000,000 annually.
Figuring on the latter amount, the advance in silver from
73-96, the average of last year, to the value of the dollar to-day
would make a difference in favor of the road of over $600,000.
Another point is that the sale of the company's subsidy
calls for payment in Mexican dollars, and the advance in
silver since the sale was first aeitated has made a difference in
favor of the road of about §1,000,000, with the future open to
$445,428
440,518
^ —— J""*.
SurPl""
and
rumor that the Chicago Milwaukee & St. Paul intends to buy
the Milwaukee & Northern, it is stated by an officer that no
board of directors.
Flint & Pere Marquette.—Gross and net eaminRs and
charges for June, and from January 1 to June 80, have been
Tnft.^i.*'*"^"*'
"*«*»*
it of this advance in tlie price of silver is obvious.
On this
matter the Boston News Bureau says:
The Mexican Central sold yesterday silver dollars at 89}^c.,
to
$188,686
75,171
$4,913
Operating expenses..
—
Mexican Central. The advance in silver makes Mexican
worth much more than formerly. As the Mexican
Central collects its earnings in Mexican dollars the advantage
dollars
Increase.
Western.—This company has recently been organized and proposes to build a line at once
from Findlay, Ohio, to Fort Wayne, Ind., 80 miles. The
American Midland, completed from Findlay to Ottawa, 33
miles, and recently sold in foreclosure, will form part of the
line.
Bonds and stock are authorized at |18,000 per mile,
covering road and equipment. The bonds are 5 per cents,
running 50 years. The road will connect at Findlay with the
0. S. & C. to Carey, and thence to Pittsburg over the Pittsburg Akron & Western and Pittaburg & Western, and at Fort
Wayne conr.ection will be made over the Wabash. Three
steel bridges will be erected at a cost of §85,000.
Henry
Dexter, W. C. Dornin and Alfred P. Boiler, of New York;
Jacob F. Burket. President of the American National Bank of
Findlay: Elijah P. Jones, President of the First National Bank
of Fmdlay, and C. H. Roser, of CarroUton, Ohio, are in the
.
„„
Orossesmlngs
New
:
1890.
$1,724,791
1,165,848
Surplus
as follows
have been made with these companies
& New England, New York & Northern, Lehigh Valley,
Lehigh & Hudson River, Central RR. of N. J., Philadelphia
& Reading, N. Y. Sus. & Western and N. Y. Ontario & Western.
York
1889.
$1,536,051
1,090,677
Nete.imlng8
fixed charges
Findlay Fort Wayne
Traffic contracts
Other Income
Total
Int., rentals
A taxes.
Surplus
$238,599
$238,599
240,797
$4,684,384
3,803,236
$269,986
$876,148
4,933
2,139
$274,919
231.659
30.->
1889-90
$5,548,087
4,220,763
$1,327,324
8,990
$878,287 $1,336,317
984,503
1,017,105
$2,198
$23,260 df.$106,216 6r.$319,212
PENNSYLVANIA.
.—Qiiar.eiulingJuneaO.-^ .— Tear ending June 30.-^
def.
WESTEBN NEW YORK
Great Northern.—Shepard, Siems & Co., of St. Paul, who Grosseamings
have the contract for 75 miles on the Seattle & Montana, have Operating expenses.
also been awarded the contract for 185 miles
of the eastern
Net earnings....
division of the Pacific Coast extension from
a point near Fort Other income
ASBinnaboine, Mont., to near the summit of the Rocky
MounTotal
^'**j J*i? expected that 130 miles of the line will be com- Int., rentals 4 taxes.
pleted by Nov. 1.
JS
1889.
1890.
1888-89.
1889-90.
$800,650
653,885
$908,923
613,945
$3,283,829
2,508,848
$3,641,056
2,642,590
$146,765
2,050
$294,978
$774,981
2,050
$998,466
$148,815
173,828
$294,978
176,306
$777,031
650,155
$999,627
666,719
"
1,161
Balance
def. $25,013 sr.$118,672 8r.$126,876 8r.$332,908
^•no"n * St. Pa,.l.-ln the United States
BUFFALO ROCHESTER i I'lTTSBDRQ.
Milwaukee Judge Jenkins this week issued an order
the Farmers' Loan & Trust Company of New
r-Quar. ending June 30.— ^Tear end, June 30.—
York
f,?^^'"^
1889.
1890.
1888-89.
1889-90.
^"y ^^"'"'» * St. Paul. The trust Gross earnings
$457,261
$519,734 $1,996,573 $1,954,067
^.S^^'m "} 'k!,P'^''
setting forth that interest on Operating expenses
350,364
350,400
1,304.037
1,386,306
tt^^Z ^ ''if •'"".n/qu'ty
m default since August, 1888, and Judge
T«nV^^
fi?
Net earnings....
$6.'')0.030
rJl^?f
lx)urt
at
^^!?•?''
•
r^r^.
"PP"*"***^
*''«
P'"°««
receiver of the defendant
**•"
Cenjral.-Messrs. M. Gernsheun & Co.,
h^M
fM*V*
t'lpeiof the stock of this company, obtained
t^°^t!L°^2^^
from Judge Beach in Supreme
.«
Court, Chambers, on the 16th
mat., an order requiring cause to be
shown on the 33d inst
^^"^^ Company should not be enjoined t^om
r,^
^^A- ^f^^^l
proceeding
further under the reorganization plan.
By mutuS
f«^."^«^' °f,eounsel the case has been postponed to^S^tem'
^"''' Company has extended the time
to
S^I^f 1^
Mept.
for l^^
the payment of the assessment of 71-40
15 ?
per cent.
Hndgon Snsjmrslon Bridge & New England
BR —The
ptens and specifications for the entire work
have been coma^-arded to a construction company.
fc«^
u^®'^^"i''?,'=*
Messrs. n
Bulhvant
& Co., of England,
have the contract for the
$106,897
$199,334
4,321
12,622
$610,267
14,487
25,557
$111,218
147,579
$211,956
162,450
$624,754
619,647
$675,587
639,618
Other income
Total income....
Int., rentals & taxes
Balance
def.$36.361 sur. $49,506
OODENSBUBO
<t
^Qitarterend'gJuneSO
1889.
sur. $5,107 sur. $35,972
LAKE CHAMFLAIN.
.
1890.
—
—1888-89.
Tearend'gJune
30.
.
1889-90.
Gross earnings.
Oper. expenses.
$160,751
106,606
$200,447
162,846
$675,490
429,470
$771,954
643,848
Net earnings....
Other Income...
$54,145
8,876
$37,601
4,849
$246,020
28,148
$228,106
$63,021
66,657
$42,450
63,570
$274,168
268,604
$254,278
262,409
$3,636
$21,120
sur.$5,864
de/.$8,131
Total
Int., taxes,rent's
Balance
26,172
,
•
:
AUOOTT
JiaE
18W.1
S8.
CHRONICLE.
211
New London Northprn.—The report for the qunrter and
nine months entlinR June 30, as made to the Miissaclmsetta
UR. Commissioners, shows as follows:
Nine mot. endfd
Qiinr. riirl.
/UHe»0, 1800.
Jhii« 30, 1800.
$1.^H,4S8
$434,181
OrOHi «^nrniii»ffl
Oi>orullU(fexi>«U80e
118,1{13
NetMrnlnin
^'^^'VJ.
2,^85
Other Imoiue
Total!
St. Louis ft .Hnn PranflHco.—The Mesant. Seligman announce that out of a total of 218,593 shares of the preferred
and common stocks of the St. Louis & S:in Francisco Railway
Co., 204,360 shares have been exclmngod for shares of the
At<-hisoii TojM'ka & Santa Fo Co.'s stock on the basis named in
the circular of May 23. The timo for atirremlerand exchange
315,370
of the outstanding "Fiisco" shares, 8,909 preferred and 5,334
common, expiree Aug. 23, and the opportunity for exchange
*"5'?Ji
7,437 will cease on that date.
—
53,751
$120,248
160,805
$11,193
$34,557
$42,558
net Inoomo
Interest, taxes, rental,
&o
Dcflclt
New Vork Stock Exchange— New Securities Llatetl.—The
Comtuittoe on Stock List of the New York Stock Encliauge
have added to the
list
the following:
Ooi-oKAixi Miur.\ND.-$l,94(l,000 consolidated mortgage 4 per cent
i Kansas Cit v. —$6,000,000 Hddlttonal first mortiwr cent gold bonds, mnking the total amoiiut llated
TiMKi'lo 6t.'l<)i:is
gi\K('
«
fc.CKXl.OWl.
NoKTii .Vmerican COMi'ANT.—!?38,64>,500 stock.
A
press dispatch from
Northern Pacific & Manitoba.—
"WinniiK-g says "It is olUcially announced that a lease or tratRc
arrnuKement for one hundred years has just l)een concluded
whereby the Northern Pacific takes the Northern Pacific
Manitoba system and operates it in connection with its own
system. One of the conditions of the lease is that the Northern Pacific agrees to furnish all funds necessary to pay the
expenses of the Manitoba."
Tlio recent declaration of the 4 per
St. Paal ft Dulatb.
cent dividend on the St. Paul
Dulutb preferred stock was
explained by the following resolution adopted by the board
of directors:
"Whertns, IJivldoiid^ upon thn capital stock of tills company Iiave
been licrotofoii! p.itil cIiirlMK the mouths (if .Inly and January of each
year, notwltnxtaudiu^c It liiis hcon and Is impi>s»llile to ascertain wltli
exactness either the net pnifitH of the railroad or the net Income from
sttiiupagc and the Hales of lauds for auy six or twelve months preceding the tluios of declariug said dividends, and It has been ncMtssury In
declaring said dividends to estimate said uet profits aiul net luoomc for
at least two months Immediately prcc-cdlnt,' the times of payment
thereof; and, IVAcrfrtii, it is dcslrahlo that in declaring dividends upon
the capital stock of this company the hoard of directors should be able
to reply upon ivctual aiul not estimated results: llaiolwd, That dividends shall be hereafter declared by this board in the months of Fcl>ruary and August, and made payable in the months of March and Boptcmber, beginning with the mouth of August, 1890.
—
:
&
&
Lonla.— At Indian-
PittsharK Chicago Clucianati
Aug. 20, Mr. 8. B. Liggett, Secretary of the various
railroad companies comprising the Southwest system of the
St.
apolis,
i'ennsylvania (with the proxies of directors of the various
Unes in his possession), consolidated 1,051 miles of railroads
now operated under diiferent names into one corporation,
known as the Pittsburg Chicago Cincinnati & St. Louis Railway
Comjiany. Another meeting will be held at Pittsburg on Sept.
16, when the officers will be elected and such matters as changDetailed inforing the names of the divisions will come up.
mation regarding the exchange of stocks, &c., is given in the
Investors' Supplement.
Rome Watertown & Ogrdensbnrg.—This
railroad company,
reported, has taken decisive action toward extending its
line from the present western terminus at Suspension Bridge
The company has
to Buffalo, a cfistance of thirty-five miles.
spent over $100,000 for rights of way and has also bought fifty
acres of land at Suspension Bridge for additional yard room
and forty acres at Tonawanda as a site for station accommodations. The company has also obtained terminal facilities at
Butfalo.
it is
—
&
Snsrar Trust. The Central Trust Company has announced
that it is ready to exchange its engraved certificates of deposit
in exchange for the certificates of the Sugar Trust.
The preliminary agreement is between Messrs. S. V. White, Kunhardt
Co., Cord. Meyer, Jr., G. P. Wiechere, Gust. H. Gossler,
Nash, Spaulding
Co., and Silas Pierce, all certificate holders, who sign the agreement, being the first party, Messrs.
Theodore A. Havemeyer, Franz O. Matthiesson, John E.
Searles, Jr., Joseph B. Thomas, Julius A. Stursberg and
Kidder, Peabody
Co. (reorganization committee), the second
party, and the Central Trust Company, the third party. By
It full power is given given to the reorganization committee
&
&
&
wind up the Trust and reorganize it according to law.
The agreement will be effective when approved by a majority
of the certificate holders, and the committee is given power
to vote on all certificates deposited.
The Central Triist Company will receive all dividends on Sugar Trust certificates
deposited, and pay them over to the holders of engraved certificates.
The committee agrees to draw up a detailed plan of
to
reorganization as soon as possible.
A majority vote
of the
committee shall decide on all matters unless the action is disapproved by Kidder, Peabody & Co. or the Central Trust
Company.
This provision practically gives the Central Trust
Co. full control of the
Louis Fitzgerald, President of the Mercantile
(Company,
Charles
President
of the Bank ol
Trust
M. Fry,
New York, and Jacob D. Vermilye, President of the Merchants' National Bank, are appointed representatives of the
certificate holders to pass upon the accounts of the com-
Company and Kidder, Peabody
&
reorganization.
State Indebtedness. Census bulletin No. 7 gives a preliminary summary of the debts of the several States of the mittee.
Union outstanding June 1, 1880, and June 1 1890, or the dates
United States Fonr-and-a-lialf Per Cent Bond?.— Secrenearest thereto for which reports were obtainable. This re- tary Windom issued on Tuesday, the 19th, the following
port is made by Special Agent of State Finances J. K. Upton circular
TREAsrar Department,
The reported
to Superintenflent of Census Robert P. Porter.
j
Office of the Secretart.
>
bonded debt, Mr. Upton explains, represents in each case the
WAsniNOToy, Aug. 19, 1890. >
the
negotiable
securities
outstanding
at
time
menamount of
In pursuance of tlie authority contained in sections 3,694 and 3,699
tioned, and the floating debt that of all other obligations of the of the Revised Statutes of the United States, public notice is hereby
states, including those a.ssumed or incurred for a specific pur- given that 4»a per cent bonds of the acts of July 14, 1870, and Jan.
20, 1871, to an amount not exceeding fifteen millions of dollars, will
;• ise, even though no actual bonds or certificates may have
be redeemed, with interest to and including May 31, 1891. upon presIjeen issued therefor.
The assets embrace the cash and all the entation at the Treasury Department in the city of Washington, 15. C,
productive securities on hand of which a valuation is reported, on or before the 30th day of August. And any person desiring to
such bond for repemption on these terms at the oflice of any
whether they belong to the State or any of its funds, although present
Assistant Treasurer of the United States may do so upon applying for
in some ca-ses they are not wholly applicable to the pay- and receiving the requisite authority from the Secretary of the Treasment of debt, but are pledged for the use of schools or ury.
Wm. Wikdom, Secretary.
,
ch.arities.
,
!
I
;
r
I
It will be seen that the principal of the debt has changed
within ten years as follows: The bonded debt in 1880 was $3.54,903,212, and in 1890 it was $194,800,371, showing a decrease of
$60,102,840.
The floating debt in 1880 was $41,514,309, and in
1890 it was $43,596,218, showing an increase of $2,081,908.
This left a net decrease of bonded and floating debt of $58,(120,931.
The report tells us that in most of the States reducing their indebtedness during the decade, the reduction has
been accomplished by applying to the extinguishment of their
obligations the revenues not needed for current expenses. In
a few of the States, however, the apparent decrease of the
debt has arisen from the enforced refunding of the old debt
into a new one -at a discount varying from 20 to 85 per cent.
These are among the Southern States, whose total indebtedness (§117,423,41.5) is now nearly equal to thafrof all the other
States combined. This method of refunding is shovra in the
following table:
Rate of
Stale.
:
S
'
Virginln
North Carolina
Bonth Carolina
Louisiana
Tennessee
dirnxmiU.
30 to 50
60 to 85
50
60
About 45
Total
Taking from the amount of decrease in
amount thus
Treasdky Department,
)
Office of the Secretart,
>
WASHrNGTos, D. C, Aug. 21, 1890. >
the authority contained in sections 3,t>94 and 3,699
In pursuance of
of the Revised Statutes of the United States public notice
is hereby
given that anytime before September 1, 1890, the Secretary of the
Treasury will receive at the Treasury Department, in the City of
Washington, D. C. or at the office of any Assistant Treasurer of the
United States, and will redeem at par 4'3 per cent bonds of the .icts o£
July 1 4, 1H70, and January 20, 1871 to .in amount not exceeding ^20,000.000; and on or immediately after Septemjjer i, 1800, will prepay
to the owners of the bonds so received all the interest on said bonds to
and including August 31, 1891, without rebate of interest.
The circular of August 19, 1890, is hereby rescinded.
,
William Wisdom, Secretary.
Ulster ft Delaware
For the year ending June 30, 1890,
the earnings and expenses were as follows, compared with the
previous year:
1890.
X889
(rross earnings from operation
$344,841
$360,068
—
Amount of Less operating expenses
ditcmtnt.
$3,334,300
7,670,273
4ni,4«l
9,375,057
7,676,074
$28,523,165
all
The following circular was issued Thursday evening:
the States the
arising from the discount in refunding and
there is left as paid by cash $29,407,766, and the geographical
section which includes the States named, instead of having a
decrease of debt of $27,593,587, as shown by the statement,
will have an increase of $929,577.
Income from operation
—
Dfdurlwns from Incotne
Interest on funded debt
Discount and interest
Rents
Taxes
Other deductions
Total deduction*
Net income
Virginia State
239,798
221,717
$105,043
$138,331
$17,500
ie,154
8,000
20,2S1
$51,938
11,805
800
22,l»l
550
$57,486
$47,606
$86,435
$51,»1«
Bonds.—The Virginia Committee gives
notice that $13,500,000 of securities have been deposited, an
increase of $1,000,000 since the 15th. This is very close to a
majority of the obligations of the State.
.
THE CHRONICLK
242
|B.eports
and documents.
& UTAH NORTHERN
COMPANY.
RAILWAY
OREGON SHORT
LINE
tVOL.
LL
shall at the request in writing of the holders of one-fifth part
of the said bonds of which the principal or interest money
shall be so in arrear, take possession of the said premises and
enjoy the same. And after paying all expenses incurred
in working the railways and in making repairs, alterations,
additions and all taxes, etc., the trustee shall apply the moneys
arising from the property ratably to the interest in the order
in which it shall have become due, and the residue, if the
principal of the bonds be not due and payable, to the payment
of the regular instalments to the sinking fund. Or if the
principal shall be due. to the payment of the same ratably and
without preference. In case all sums of money for the time
before any foreclosure or
Railway being due and payable shall be paid
Northern
Utah
Line
Short
Oregon
Partiet.-The
the premises to the railway comrust sale the trustee shall restore
Loan
1
American
the
and
part
first
the
of
Company
pany. And after such default as aforesaid the trustee may in
Company of Massachusetts, trustee, of the second part.
and shall upon the like request sell the said
of railway its discretion
Property Covered.— AW and singular the lines
premises, after having given notice of sale by advertisement.
coDBtructed, or to be constructed, as foUows:
^^.^^^
And the trustee out of the proceeds of such sale shall pay all
cmxstriicterL
expenses of the sale and afterwards the principal of the bonds
Description of road ematruetcd and projected.
Oreeon...... ...... ...--- o-*- and the interest thereon to the lime of the completion of the
From GniiiKer, WvouiiiiK, to HuutiUKton.
he determined to the Columbia
wi™ thenco by stub route ,i8 mayPacifle
said sale ratably and without any preference or priority among
Ocean
ElTcr, to PuKCt Sound or to the
*'*'
all the holders of the said outstanding bonds, and the coupons
in
Idaho...
City,
Boise
and
to
Ketchum
to
r
Branches
westerly or
belonging thereto.
Also from any points on said railway, northwesterly,
Oregon
southwesterly, into and through Wyoming, Utah, Idaho,
And after such default the trustee may in its discretion, and
Nevada atid California, or any of them, and all branches in said
notwithstanding any request to sell as aforesaid, institute
States, or in Montana or Washington.
Montana, with
proceedings for the foreclosure of this mortgage or for the
From Pocatello. Idaho, northerly to Garnsou,
...
314 sale of the said premises, instead of exercising the said power
branch from Silver Bow to end of track north of Butte City.
Puget
to
Washington
and
And thence into and through Idaho
or trust for sale. And in case this mjrtgage shall be foreSound or the Pacific Ocean, together with all branches that may
closed by strict foreclosure without sale of the said premises,
be constructed in Idaho, Montana, Washington or Oregon.
405 either under the power of sale as aforesaid or by decree
From McCanimou, Idaho, southerly to Frisco, Utah.....
Syracuse,
and
Eureka
Branches to Stockton, Tiutls, Silver City,
in any foreclosure proceedings, the trustee may in its discre^"'»
•-•aU In Utah
tion, and shall at the request in writing of the holders of
Together with all branches or extensions of the same, and any exone-fifth part of the said outstanding bonds, sell and dispose
tension into Lincoln Co., Nevada, to the Southwestern boundary
counties,
and
Nye
of Nevada, and all branches into White Pine
of the said premises as hereinbefore provided.
Nevada. Together with such branches or extensions into Utah,
And the railway company hereby waives all right to have
Nevada, Arizona, Oregon and California as the Board of Directthe assets marshalled upon any foreclosure, and all benefit of
ors may determine.
,
it
s
company
Also such other lines as may be constructed under the
all valuation, stay, appraisement, redemption, extension, etc.,
charter and be paid for by bonds hereby secured.
laws now or at any time hereafter in force.
1,456
--••••
The total constructed mileage being
Extensions may be Constructed Without the Issue of Bonds
narrow
was
which
Of the above Ogden to McCammon, Idaho, 130 miles
Secured Hereby.— If the railway company shall determine to
gauge, is now being made standard. The other narrow gauge lines
construct or acquire any line of railway without raising money
,
Sicluded above have a length of only SQiu miles.
.
An extension from MUford, Utah, to Pioche, Nevada, 145 miles. Is for that purpose by the issue of bonds secured by this indenunder construction.
ture, and shall notify the trustee in writing of such determiAnd all rolling stock and equipment, and all supplies and nation, then the trustee shall not certify any bonds hereby seother chattels now or hereafter appertaining to said railways. cured in respect thereto, and any such line of railway and any
And also all franchises, rights and privileges now or hereafter rolling stock acquired for use in connection with the same
acquired in respect of the said property or the use of the same, shall not be subject to the trusts hereof.
together with all terminal accommodations, all bridges,
The Bondholders May Interdict the Issue of Bonds for Exbuildings, etc. all easements and appurtenances.
In order that the security of bondholders under this
tensions,
THE BOND.
indenture may not be impaired by the building or purchasing
Five Per Cent Consolidated First Mortgage Bond.
of extensions or branches which may not prove profitable, it is
Da(^.— August 1. 1889.
mutually agreed that if the trustee shall, on the written reeach.
$1,000
Denomination.—
quest of the holders of a majority of the outstanding bonds,
A»now»i<J^ii«oWzcrf.— $'^7,000 per mile of single trackdncluding $2,000
issue any more bonds for
per mile for terminals) and $3.'5,O0O per mile of double track; but of the notify the railway company not to
total authorized per mile of single track an amount equal to the aggre- the building or purchasing of new road, then no more bonds
to
retire
said
prior
shall
be
reserved
outstanding
gate of the prior liens
shall thereafter be issued and certified hereunder for such pur-
CONSOLIDATED FIRST MORTGAGE, SECURING
CENT GOLD BONDS DUE APRIL 1, 1919.
&
PER
5
&
,;
"
•
.
.
;.
,
—
,
flens at maturity.
Pritieipal Payable.— The principalis payable April 1 1919, "in gold
coin of tne United States equal to the present standard."
Interetl Payable,— The iutorest is 5 per cent per annum, payable
April 1 and October 1 in like gold coin in (few York and Boston.
OoMpon or ie«pi«(<rfd.— The bonds are coupon bonds and may be registered as to principal.
Redemption Before Jfa(Mr«)/.— Provided the company shall give six
Veeks' notice of" its election so to do, by advertisement in Boston and
New York, it shall have the rieht on the first day of April or Octobci- in
any year before 1919 to pay all the bonds scoured by this indeuture,
but not less than all of them, by paying to the holders thereof iu like
gold coin ^\ ,050 for each bond, together with the interest due thereon;
and after the day so Hxed for payment Interest on nil the bonds shall
cease. [There is a sinking fund, as noted below, but for this no bonds,
or at least not less than the whole issue, can be called for payment.]
^^ guaranteed
Guaranty of Interest.— The prompt payment of Interest, is
'ee]
as follows:
by th« Union Pacific Railway <vO. under a traffic agreement
The Union Faclflc Railway Company hereby guarantees to
the holder hereof for the time lieing that the obligor herein will pay
eaoh of the coupons attached to thio bond when It falls due."
,
.-..._.
....
._.
—
Prior Lienx. The property
to prior liens as follows:
under
this
mortgage
is
.
Description of mortgage.
subject
Sondt
miistanding.
mortgage 6 per cent gold
bonds of 1.M82, due February 1, 1922
$14,931,000
2. The Utah & Northern first mortgage 7 per cent bonds of
1878,due July 1,1908
4,995,000
3. The Utah & Northern consolidated mortgage 5 per cent
gold bonds of 1886, due July 1,1 92«
1,889,000
4. The Utah Central 1st mortgage 6 per cent gold bonds of
1870, duo January 1, 1890 [and then paid]
1,000,000
5. The Utah Southern first mortgage 7 per cent bonds of
1871, due July 1, 1891
424,000
6. The Utah Southern mortgage 7 per cent bonds of 1879,
due July 1, 1009
1,526,000
7. The Utah Southern RR. extension mortgage 7 per cent
of 1879, due JiUy 1,1909
1,950,000
8. The Salt Lake & Western first mortgage 6 per cent
bonds of 1882, due November 1, 1912. fTheee bonds
have since been iiald]
1,080 000
9. The Idaho Central first mortgage 6 per cent bonds of
1887, due January 1, 1917
146 ooo
1.
The Oregon Short Line
first
'
Total prior bonds
$27 940 000
bonds the "1,000,000 Utah Central bonds, due Jan. 1,
!Si. '''^® y™^
1890, and the .f^OSO.dOO Salt Lake & Western bonds, have been paid
leaving the new con.sol8 a first lien on 201 miles of the constructed
mileage above described, and a second mortgage on the remaining
1,255 miles, subject to $25,8150,000 of prior liens.)
,
Default.— In case of default for six months in the payment of
principal or interest, the trustee may in its discretion, and
• Note.— In these abstracts
the length of the lines mortgaged, and In
some iostances the present tei mini when not mentioned speoifically
in the
mortgage, have been supplied from reliable sources.
poses.
—
Sinking Fund, The railway company covenants that out of
the earnings of the said railway in each calendar year which
remain after paying taxes, operating expenses and the interest on the bonds secured hereby or by any of the prior mortgages, but so far only as the earnings so remaining shall be
sufficient for that purpose, will pay to the trustee on the 1st
day of October in the succeeding year, until the principal
of the bonds hereby secured shall become due and payable, a
sum of money equal to two-thirds of one per cent of the aggregate of the principal of all said bonds that shall have been
And as often as the
certified by the trustee before that day.
moneys so paid to the trustee and the interest thereon shall
amount to $5,400, the trustee shall apply the said fund to the
purchase and redemption of the bonds secured by this indenture at not exceeding 105 and interest. And so far as bonds
sufficient for the purpose cannot be obtained at that price, or
if the trustee shall be so desired by the Board of Directors of
the railway company, the trustee shall invest the moneys so
paid to it and the income thereof according to its discretion in
any mortgage bonds made by the railway company, or by the
Union Pacific Railway Company, or by certain other railway
companies of the Union Pacific system (as more specifically
provided in the mortgage), provided that such bonds will net
4 per cent on the amount so invested. And if such bonds cannot be obtained, or if the trustee shall be so desired by the
directors of the company, the trustee shall invest the said
moneys according to its discretion in such of the mortgage bonds
of other railway companies or of the bonds of any State, Territory, county, precinct.town or city in the United Stales as will
produce income at the last-mentioned rate. All bonds purchased out of the said sinking fund, together with all their
coupons, shall be canceled. And in case the premises comprifed in this mortgage shall be sold for the benefit of the
holders of the bonds hereby secured, or in case of the foreclosure of this mortgage, the trustee shall sell the said investmentB, and shall hold the proceeds upon the trusts hereinbefore expressed.
Trustees.
In case of a vacancy in the trusteeship an incorporated trust company, or three persons, may be appointed
trustee or trustees of this indenture by an instrument in writing executed by the holders of two-thirds of the bonds hereby
secured. Or a successor trustee may be appointed by a majority vote of the holders of said bonds who may be present at
a meeting to be called by advertisement by the President or
—
AUOOST
Swretary of
tlie
rnilwny
tlu>
company and
New York
citifH of
jitrisiliction in the
donturrt.
(if
THE CHRONICLR
28. 1880.J
or Boston.
premiseH
may
to
lie
hi-Ul in I'lthi-r
Or any court having
appoint trustees of this iu-
— The railway company covenantg to pay all lawand asseaamonts, and to allow no lalxirem' liena to
Tliis indenture shall be a first
on the promises.
charRoupon all the said premisi-H except as hereinlH'fore mentioned.
The riiilway company shall keep the said premiseH
in good re|>air.
(.'ownanfa.
ful taxes
l)e [dnce*!
COLLATERAL TRUST MORTGAGE, SECURING 5 PER
CENT GOLD BONDS, DUE SEPTEMBER 1, 1919.
Oafc—September
2,
1889.
Parties.— The Oregon Short Lino & Utah Northern Railway
C'o. of the first part, and the American Loan & Trust Co. of
Massachusetts, trustee, of the second part.
Property Covered. Stock of the Oregon Railway & Navigation ComiKiny of Oregon to a total of 113,000,000 has been
transferred to the trustee as security for the bondit to be
—
issued under this deed, and any additional amounts of said
Btx-k may likewise be deposited for the same purpose, and be
held subject to this deed of trust. Until default for 90 days by
the railway company in the payment of the principal and
interest hereby secured, the' trustee shall permit the railway
company to receive all dividends of the stock so deposited,
and to appoint its own proxies to vote on said stock.
THE BOND.
Collateral Trust 5 Per Cent
•
Gold Bond.]
i)ate— September 2,
1
iVnoiiiiita/i'uH—The
bonds are (or $100, for $500, and fop $1,000
eat'U.
H89.
—
Amount Authorized The total iasiie of bonds sball not exceed $1,000
for every ten shares of the Collateral Trust stock deposited with the
trustee.
I'rincipal Paiiahlr--T\w prlncli>al Is parable Septemlier 1; 1919, " in
p)ld coin of the United States equal to the present standard."
Intrrest raynble The interest Is 5 i>er cent per anuiuu, payable
March 1 and September 1, In like )t"I I coin in New York or Boston.
rou/x)ii or Krffislered—'£he bonds are coujion bonds and may be registered as ta principal.
Ktdcmpluiii Hrtore ifa/urt/y—The whole lisue Is redeemable (but only
as a whole) at liV) and interest on any March 1 or September 1 before
September 1. 191i», after six weeksj notice by advertisement.
SiiiAiHj/ Fhik?— A sinking fund i.s provided (see below), but there Is
no privilege of calling bonds (or jiayment aside (rom the provision (or
tlic pasTiicutot the whole issue as stated in the paragraph last pre'•cdiu)f.
(hiarantu.—Tho bonds carry the (oUowlng endorsement
For value
riceivcd the Union PaciUc Railroad Company owner o( the within bond
hcreuy guarantees
«
.
•
.
^-^.^x the obligor herein will pay the
"UlHjM.s attached to this bond, and also the principal thereof, wneu the
uiic shall rc.<pectlvely (all due. In witness whereot the said Union
iciil<' Ruilro.id Company has caused this undertaking to be executed
aider its c<iri>(u-ate seal this Ist day o( January, 1890.
The Union PaclUc Railroail Company, by
Fra.nk b. BCTTRICK. Assistant Treasurer.
243
taxes upon the shares, pay the interest on the lionds hereby
secured in the order in which it shall have bwome due, and
then, if the principal of the bonds be not due, to the payment
of the regular instalments to the sinking fund; but if the
principal be due, to the payment of said principal, ratably and
without jireference.
After default as aforesaid the trustee mav, and upon like
reouest shall,
sell the collateral trust stock a"t vuhMc auction
City, after four weeks' notice by advertisement.
Out of the proceeds of sale the tnistee shall pay all co«t» of
the sale, etc., and then apply the residue to the payment of
the principal of the bonds (other than those in the sinking
fund) and the interest thereon to the completion of the sale,
ratably and without preference.
Default.— A $1,000 Bond mat/ be exchanged for ten Shares
of Stock.— After default as aforesaid, the trustee, at the request
of any holder of any bond hereby secured and upon delivery
to it of said bond, shall transfer to said holder ten of the
collateral trtist shares, discharged from the trusts hereof.
The bond so delivered to the trustee shall then be canceled.
Default— Bondliolderg' Meetings.— In case of default as
aforesaid the trustee may, and at the request in writing of
the holders of one-fifth in amount of the outstanding bonds
shall, convene a meeting of the bondholders in New York or
Boston by advertisement.
And the trustee thereafter in
voting on the collateral trust shares shall act in accordance
with the resolutions passed at such meeting by a majoritv of
the votes.
Trustees.
The provisions respecting the appointment of
trustees are substantially as set forth in the abstract of the
in
New York
—
consolidated mortgage which precedes, except that a meeting
of the bondholders for the pmT)ose of selecting a trustee may
be called by any trustee or by five bondholders as well as by
the Secretary and President of the company. At any meeting
of the bondholders every $100 of principal of the bonds halls
be entitled to one vote.
THE OREGON RAILWAY & NAVIGATION
COMPANY.
COLLATERAL TRUST DEED SECURING FIVE PER
CENT GOLD BONDS, DUE SEPTEMBER 1, 1919.
:
—
Sinking Fund. The railway covenants to pay to the truson the 1st of September in every year the sum of one
dollar out of the dividends paid on each of the collateral trust
shares hereby pledged aiid received by the companv during
the year next preceding said day, or so much of said sum as
shall remain after deducting from the dividends of each share
ti'e
the
sum
of five dollars.
trustee shall allow its usual rate of interest on all sinking fund moneys so paid to it, and whenever said moneys
shall amount to |o,500 they shall be invested in the following
Dafe.—September 2, 1889.
Par<»e«.—The Oregon Railway & Navigation Company of
the first part, and the American Loan & Trust Company of
Massachusetts, trustee, of the second part.
Property Covered.— Firet mortgage 5 per cent bonds of the
Washington & Idaho RR. Co., and of the Oregon Railway Extensions Co, deposited with the trustee.
(See abstracts of the
mortgages securing these bonds immediately at the close of
this abstract.)
The bonds de{)osited in trust, as well as any to be deposited
under the provision following, are in this deed frequently entitled the trust securities.
If the railway company shall acquire any bonds of any
company secured by a first mortgage of its railway, franchises, rolling-stock, and all other real and personal
property, and shall desire to transfer to the trustee upon the
trusts of this indenture the said bonds,the trustee shall give puborder
lic
notice to the holders of all bonds secured by this indenture
1. In the shares of the said Oregon Railway & Navigation
by advertisement in New York and Boston for four consecu>. at not exceeding 110.
tive
weeks, and in such notice shall state what bonds the
i. In the bonds hereby secured at 105 and interest.
railway company desires to transfer to the trustee as afore3. In the shares of the Oregon Railway & Navigation Co. at
the di-scretion of the triisiee, without limit as to price, or in said. And if within sixty days the holders of one-third part
bonds of some company of the Union Pacific system [as speci- of the bonds hereby secured shall not in writing notify the
fied more particularly in the mortgage], provided said bonds trustee that they object to such transfer, then it shall be lawful for the trustee to receive the bonds described in such adwill net not less than 4 per cent on the sum so invested.
vertisement upon the agreements herein expressed. And
4. Or, if the trustee cannot obtain the above-mentioned securities, in any other first mortgage railroad, or terminal, or upon such transfer, bonds secured bv this indenture may be
car trust bonds, or in the bonds of any State, Territory, issued at a rate not exceeding $9,000 ojf bonds for every $10,000
But the to'al amount
county, precinct, town or city in the United States, according of bonds transferred to the trustee.
certified under this indenture shall not exceed $25,000,000.
t'l the discretion of the
trustee.
When the value of the investments in the sinking fund shall No bonds of any railway company not fofming a part of the
equal .5 per cent of the bonds hereby secured and then out- system of railways of the Oregon Railway & Navigation ComThe
other railway
:
standing (not including those in the sinking fund), the trustee
iistead of applying said sinking fund moneys as above
lirected. shall purchase bonds of this issue at any price which
•le rail vay company or its directors shall
authorize, and the
i-itee shall
cancel so many of the bonds of this issue
leemed by the sinking I und as shall equal in value any
xcess of the investments of said sinking fund above the said
cent.
And if the sinking fund, after the cancellation of
r;r
the bonds of this issue held by it, shall still exceed
per
l*nt, other investments equal to "said excess shall be turned
/»er to the railroad company. One of the collateral trust
^hares shall be discharged from the trusts hereof for every
dOO of bonds hereby secured so canceled.
Default.— In case of default for 90 days in the payment of
•rincipal or interest the tnistee inav at his discretion,
and
hall upon the Pe<iuest of the holders of one-fifth in
amount of
ibe outstanding bonds (not including those
in the sinking
and) of which the principal or interest shall be in arrear, reeive the dividends of the stock deposited
in trust, and shall
xcrcise the rights of voting and other rights
incident to the
waership of said stock. From the dividends received the
-ustee shall, after paying the eipenses of
this trust and all
.'5
pany
shall be so transferred to the trustee hereunder,
nor
any bonds be so transferred which mature before the
day of September, 1919.
shall
first
Until default the railway
company
shall receive all inter-
est of the trust securities.
THE BOND.
Collateral Trust Five
Date.
-September
Per Cent Gold Bond.
1889.
/)cno/ni(inM«n.— $1,000 each.
2.
Admh
t Aulliori:e<l. —^2r,,oi)0,0()0. at the rate of
$9,000 (or every
In the trends mortgaged
I't-ineipal Pai/ablr.—Thi' principal is payable September 1,1919,
$10,000 o( principal specified
m
gold coin o( the United States equal to the piesent standard."
Interest Fayablc.— The lntere..,t i-» n per cent iH'r annum, payaMo
March 1 and Bcptemher 1, in like gold coin, in New York or Bostoiu
Cou/Hm or Jtei/istrred.— The bonds are coupon l)onds, and may be
registered as to princli>al.
RedeinptUm Before .Vuliirit!/.— There is no sinking fund. Init the whole
issue is redeemable (hut only as a whole) in like gold coin on Maroh 1
or September 1. in any year l)e(ore 1HI9. after seven mouths' notice by
advertiacMient in New York and Boston.
f/wnraii/y.— The i>ropcrty o( the Oregon Ky. * Navigation Co. was
leased January 1, 1887 (lease modified NovenioerT, 1889).to the Oregon
Short Line Ry. Co. (or 99 years. The lessee guarantees the interest on
the bonds o( the Oregon Ky. & Navigation Co. (and also (J per cent on
its stock), and the Union I'aclHc Rv. (Jo. guarantees the punctual payment of all sums due under the lease by the lessie.
THE CHROJNlCLK
244
case of default for 90 days in th^ payment of
the trustee
nrincipal or interest of the bomis hereby secured,
of the said
shall at the request of the holders of one-fifth
arrears,
bonds of which the principal or interest shall be in
the trust
And may without such request, receive the interest ofdischarge
shall
securities. And out of said interest the trustee
apply any resiall the expenses of this trust and afterwards
of
due first to the payment of the interest due on the bonds
and, next, to
the railway company in the order of its maturity,
ratably.
the payment of the' principal of the bonds, if due,
payable, the trustee shall
If the principal be not then due and
hold any residue after the payment of the interest then due
mature, except as
trust until the principal of said bonds shall
hereinafter provided. If all sums of money due and payable
by the terms of this indenture shall be paid before any forethe
closure or sale, the trustee, upon receiving security that
railway company will thenceforth pay the interest on its bonds
hereby secured, shall permit the railway company thenceto enjoy the same riirhts in respect of the trust securi-
THE BOND.
Default— la
m
forth
ties as if
no default had been made.
after such default as aforesaid the trustee may in its
discretion, and shall upon the request in writing of holders of
one-fifth part of the bonds hereby secured of which the principal or interest moneys shall be so in arrear, sell the trust
gecurities together, or in parcels, by public auction in the city
of New York, after notice by advertisement. The trustee shall
apply the proceeds of sale after paying all expenses thereof
And
to the payment of the principal of the bonds hereby secured
then outstanding (which principal shall be deemed to be due
at the time of the completion of the sale), and the interest
thereon to that time, ratably and without preference.
Default on Bonds Pledged.— In case of default in the payment of principal or interest of the bonds held in trust, it
shall be lawful for the company to transfer to the trustee, in
substitution for the bonds then in default, such other bonds or
securities as the trustee shall think sufficient to secure the
bonds issued hereunder and the substituted securities shall
then be held subject to this indenture. In case such substitution shall not be made, it shaU be lawful for the trustee in
its discretion to act in respect of the enforcement of the said
bonds as the trustee shall think for the benefit of bondholders
hereunder. And whenever any monevs arising from the paying off or enforcement of the bonds pledged, and any interest
thereon, shall amount to the sum of $5,400, the trustee shall
them to the purchase and redemption of the bonds of
the railway company secured by this indenture at not exceed
ing 105 and interest. And so far as bonds sufficient for the
purpose cannot be obtained at that price, the trustee shall
mvest the moneys so held by it and the income thereof in
such mortgage bonds of any railway company, or such bonds
of any State, Territory, county, precinct, town or city in the
IJnited States as shall be named by the directors of the railway
company, provided that such bonds can be obtained at such a
price that the investment will net not less than 4 per cent per
annum on the amount so invested. The trustee shall cancel
all bonds purchased or paid off out of the said moneys.
And
in case the trust securities shall be sold in pursuance of the
power hereinbefore contained, the trustee shall thenceforth
stand possessed of the said moneys and the securities in which
the same shall be invested upon the trusts hereinbefore
expressed.
Trustees. The provisions respecting the appointment of
trustees are as set forth in the abstract of the Oregon Short
Line
Utah Northern consolidated mortgage which precedes.
fVor, LI.
First
Mortgage 5 Per Cent Gold Bond.
Xtote— September
2, 1889.
Denomination. — $1,000 each.
Amount Authorized.— VndeT the Oregon Railway Extensions Mortgage, $27,778 per mile of single track and $38,889 per mile of double
Under the Washington & Idaho morttrack of completed railway.
gagt, $30,000 per mile of single track and $12,000 per mile of double
track of completed railway.
Princijtal Pai/able.-The principal is payable September 1, 1919, " in
gold coin of the United States of the present standard."
Interest Pai/able.—The interest is 5 per cent per annum payable
March 1 and Bcptembcr 1 in like gold coin.
Kedemption before itaturity.—lu neither mortgage is there any sinking fund, but the bonds may be paid before maturity at 103 and
accrued interest after notice, but only upon payment of the entire
issue.
Guaranty.— Tbiii property of both companies is leased for 97 years
from January 1, 1889. to the Oregon Railway & Narigatiou Co., wliioli
has" assigned its leases to the Oregon Short Line * Utah
Northern Railway Company. The leases provide for the payment of
on all lionds issued under these mortgages. The Oregon Short
Line Company agrees to perform all the obligations of the Navigation
Company under said leases.
Default. In case of default for sixty days, the trustee may
in its discretion, and shall if requested in wricing by the
holders of one-fifth of the outstanding bonds, proceed as described in the abstract of the consolidated mortgage of the
company
interest
—
Oregon Short Line
& Utah Northern Railway Company above
given.
Trustees. For provisions respecting the appointment of
trustees, see the abstract of the consolidated mortgage of the
—
Oregon Short Line
& Utah Northern Railw ay Company above
given.
UNION PACIFIC DENVER & GULF R'Y CO.
CONSOLIDATED MORTGAGE, SECURING
GOLD BONDS DUE DECEMBER 1,
5
PER CENT
1939.
;
Dafe.— April 1, 1890.
Parties. The Union Pacific Denver & Gulf Railway Co.,
of the first part, and the American Loan & Tmst Co. trustee,
—
,
of the second part.
Property Covered. All the lines of railway constructed and
to be constructed, as follows
—
:
Miltage
Lines owned absolutely.
Wendover, Wy.. to Cheyenne,
Denver, Col., to Sunset, Col
Junction to Fort Collins, Col
Wy
125
44
54
40
152
59
124
137
89
Stout, Col., to Greeley, Col
La Salle, Col., to Julesburg, Col
Jersey, Col., to Graymont, Col
Denver, Col., to Pueblo, Col
Trinidad, Col., to Texllne,Col
13 small branches in Colorado
Total miles
owned
823
Miles
operuted
101
Trackage and road operated jointly.
Union Pacific Railway— Cheyenne, Wy., to Denver, Col
Denver & Rio Grande— Pueblo to Trinidad, Col
Branches to Walsenaburg and EngleviUe, Col
'91
*1E
Total so operated
—
&
constructed,
*
21£
Note.— A third rail
company to use these narrow-gauge
the
enable
lines of the
Denver
&
Rl'!
Grande.
Also all other lines that may be constructed under the com
Mortgages securing the Bonds pledged under the Oregon
charter, and including all appurtenances, rolling stoci
& Navigation Company's collateral Trust Deed, an pany's
franchises, &c., now or hereafter appertaining to the railroads
Abstract of which precedes.
Saihray
THE OREGON RAILWAY EXTENSIONS COilPANY FIRST
MORTGAGE, AND THE WASHINGTON & IDAHO RR.
CO. FIRST MORTGAGE, BOTH SECURING FIVE PER
CENT GOLD BONDS DUE SEPT. 1, 1919.
Xtaie.—September
Trustees.
.
—The
both mortgages
is
the
Bay State
Trust Company of Massachusetts.
Property Covered.— The mortgages cover respectively all the
standard gauge lines of railroad now or hereafter belonging to
the companies making the mortgages, provided bonds secured
hj said mortgages respectively are issued in respect of said
lines.
They cover also all appurtenances, rolling stock, franchises, etc., at any time apj)ertaining to said railways.
Each deed of trust describes a number of routes upon which
it is lawful to build railroads that, together with any
branches
or extensions thereof, may be rendered subject to the lien of
that mortgage. In the Oregon Railway Extensions Company
mortgage one of the principal of these projected lines is from
Portland, Oregon, northerly to the Canadian boundary. It
has some thirteen projected branches. Another line extends
ersterly viaWallula, Wash., to Biitte aty, Montana, while
other lines traverse in various directions Washington, Oregon
and Idaho. A line has been constructed from Winona to
Seltice in Washington, 48 miles.
The road of the Washington
Idaho RR. Co. is to be
situated
Washington, Montana and Idaho, and lines may
be built to Coeur d'Alene Lake, Murray and Mullan in Idaho
and to Missoula in Montana, Ac. The road of this company
has been constructed from Farmington, Wash., to
Spokane
tails. Wash., 61 miles, with branch from Tekoa,
Wash "' to
near Wallace, Idaho, 86 miles, a total of 147 mUes.
m
i
Denomination.— ^1,000 each.
Amount Authori2ed.—^2b,(\00 per mile of single and $35,000 per ml
of double track of completed railway, and further principal sumsup«
the pledging with the trustee of certain bonds, as provided in tl
mortgage.
2, 1889.
trustee of
THE BOND.
Consolidated Mortgage 5 Per Cent Gold Bond.
Daie.— April, 1890.
&
Principal Pai/nWc.-The principal is payable December 1,1939, "
gold coin of the United States equal to the present standard."
Interest Payable.— Tl\o interest is 5 i>or cent i>er annum, payable Jul;
1 and December 1 in like gold coin in New York or Boston.
Retirement before 3tatnrUy.—T)\e,T<: is no sinking fund, but the iss'as an entirety may be paid at 105 and interest in like gold coin on ai
Jane 1 or December 1, In any year before 1939, after six weeks' noti
by advertisement.
Coi«)o»t or Registered.—Thei bonds are coupon bonds, but may
registered as to principal.
Guaranty. A perpetual traffic agreement having been made betwc
the Union Pacific Denver & Gulf and the Union Pivciflc Railway Co
Sauy, a guaranty, of which the following is the essential part, is
orsed upon the consolidated mortgage iSonds:
"Now, in consideration thereof, and of one dollar to it in hand
by the said obligor, the Union Pacific Railway Company hereby),
antees to the holder hereof for the time being that the obligor hel
will pay each of the coupons attached to this bond when it falls di
" In witness wljcreof tlie Union Pacific Railway Company has ci
this undertaking to be executed under its corporate seal this
of
A. D.
—
,
UNION PACIFIC RAILWAY COMPANY.
"By
Treasurer.
Prior Bonds and Rate at which Consols may be Issiiedi
Bonds may be issued under this indenture at the rate of $25,'
per mile of single track and §35,000 per mile of double
of completed railroad formerly belonging to the com[
mentioned in the following schedule, but consolidated boi
equal in amount to bonds of said companies shall, with
exceptions below noted, be reserved to retire these pi
bonds by purchase or exchange.
1
.
'
—
August
^
5
THE CHRONKXE.
23, 1880.J
eCHEDULE
245
be obtained at said rate), in such
I.
State, Territ*)ry, county,
Amount out- precinct, town or city
bonds of the United 8tat«8 as wjll net
ittandtut/.
yame of company and (teseriptwn of f>i)mfg.
Denver Tuxiw A (iiilf Ist mortKftiro fla, due April 1. 1937. ...$3,(H><I,(MM) 4 per cent on the sum invested. Consols so p«id shall be canDenvnr Ti'xns A t'ort Worth lut iiiort. Sh. due Nov. 1, 11»37.. 4,.'i7r>,()(K» cele<l.
401,000
EqiUluueiit ImiulH of nbovu roiii|iaiili<a, dun March I, 1809..
Consolidation with Fort Worth ti Denver.— In case of conRund L'liiivon UU., C'hIcoxaCunyuu Uy. tiiiU Citiiyoii De AgUA
solidation with the Fort Worth & Denver City Railway Co., or
191,000
per ccii U, duo lu 1U3U
with the Pan Handle Railway Co., the properties of said coinTotal prior bond* nnder Schedule 1
98,257,000 paiiies may be conveyed to the trustee and made subject to
But for $1,000,000 of said Denver Texas & Fort Worth this mortgage; and in such case bonds hereunder may be
bonds, no Imnds sliall he reserved under this provision, ane<)iial issued on said railways at the rate of $25,000 iter mile of
amottnt of consols being liereinafter reserved to retire the single track and $35,000 per mile of double track, but only
after deducting from saia amounts the amount of bonds of
same.
And provided that upon that part of the already con- said companies then outstanding. And if bonds hereunder
structed railroad formerly belonging to the Denver Texas & be issued in respect of such properties a sufficient amount of
Fort Worth Railroad Corniiany which is between Trinidad consols shall be reserved to retire said prior bonds at maturity.
Defaitlt. Trustees, Etc.— The provisions respecting default,
and Pueblo, and which it is contemplated may eventually
become the main line of the consolidated company between the appointment of trustees, tlie building of road free from
those places, bonds hereunder sliall be issued only at the the lien of the mortgage, and the power which bondholders
rate of $15,000 per mile of single track and §25,000 per mile of have of forbidding the issue of consols for extensions, are
double track. And inasmuch as the Denver Texas & Fort precisely as set forth in the abstract of the consolidated mortWorth Railroad Company agreed to issue $1,000,000 honda in gage of the Oregon Short Line & Utah Northern Railway
respect to the 106 miles of road operated jointly with the Company, given above.
Denver & Rio Grande Railroad Company, therefore it is provided that a like amount of these consols, additional to those
hereinbefore authorized, shall be reserved to retire the same.
if the Union Pacific Denver & Gulf Railway Company
shall hereafter continue the construction of a line of its own
between Trinidad and Pueblo, it may then is^e consols for
each mile of completed railroad between said places at the
rate of $15,000 per mile of single and $35,0b0 per mile of
BALTIMORE & OHIO SOUTHWESTERN
RAILROAD COMPANY.
But
FIRST MORTGAGE, SECURING
$11,000,000 OF
CENT GOLD BONDS, DUE JANUARY 1,
double track.
4>i
PER
1990.
Bonds may also be is-iued at the rate of §25,000 per mile of
DaJe.— December 26, 1889.
and $35,000 per mile of double track railroad
Parties. The Baltimore & Ohio Southwestern RR. Co. of
belonging to the companies named in the following schedule;
but of these amounts consols at the rate of $20,913 per mile the first part, and the Farmers' Loan & 'Trust Co. of New
single track
—
by purchase or exchange, the outstanding bonds of said comiianies.
SCHEDULE n.
shall be retained to retire,
Amottnt
Xame
of company and description of bonds,
Ctolorado Central 8 per cents, duo June 1, 1892
Do. 7 per cents, due July 1, 1909
Geortfetown BreckeurldKO & Lead. 7e. due Oct. 1, 1913
Denver Marshall <t Boulder Ss, due June 1, 1916
Greeley Salt Lake & Pacific 78, due June 1, 1913
Clieyenne & Northern 5s, due Oct. 1, 1926
Total prior bonds under Schedule II
outsl<tnding.
$87,000
4,701,000
127,000
226,000
937,000
1,250,000
$7,328,000
Bonds belonging to the issues described in schedules 1 and 2
above, delivered to the trustee in exchange for consols, shall
be held by it subject to this indenture, but until default the
company shall receive all income therefrom.
As upon the Denver & Middle Park RR. and the Colorado
Central RR. in Wyoming there are no bonds outstanding,
consols secured hereby may be issued at the rate of $25,000
per mile of single track and $35,000 per mile of double track
thereon; and upon any extension which may be made under
the charter of the consolidated company said bonds may be
issued at the same rate.
If the company shall rebuild that part of its railroad formerly belonging to the Colorado Central RR. Co. and the
Colorado Central RR. C«. of Wyoming, extending from
Fort Collins, Col., to Cheyenne, Wy,, or any railway belonging to any of the constituent companies, then bonds may be
issued hereunder in respect of such railway so rebuilt as upon
newly-constructed railway.
Fort Worth
Denver Bonds, etc. Inasmuch as the consolidated company owns a majority of the stock of the Fort
Worth & Denver City Railway, extending from Fort Worth,
Tex., to Texline, Col. (i53 miles), and also a majority of the
stock of the Panhandle Railway, extending from Pan Handle
to Washburn, Tex., (16 miles), upon which roads there are
bonds outstanding as follows
—
&
I
1^.,
XI
^•>i
Name
^
SCHEDULE
III.
Amount
of company and degcription of hondt.
outstanding.
FortWorthit Denver City 1st mort 6s, duo Dec. 1, 1921. ...$8,086,000
Fort Worth & Denver City, Pan Handle construction 58, due
March! 1899
160,000
Pan Handle 58. due July 1, 1929
225,000
Fort Worth <t Denver Terminal Co. t>onda
600,000
Total
therefore
...$8,971,000
agreed that whenever any of said bonds are
deUvered to the trustee a like amount of bonds hereby secured
may be issued in exchange therefor, and the bonds so delivered to the trustee shall be held subject to this indenture.
In case the company
shall
wish to transfer bonds
it
is
of any other company to the trustee on like terms,
the trustee shall give notice by advertisement to the bondholders of the company's desire, and unless within sixty days
the holders of one-third of the bonds hereby secured shall
object, such other bonds may be deposited as aforesaid, subject
to this indenture; but no bonds of any railway not forming a
part of the system of the consolidated company, including the
Fort Worth & Denver City, shall be so transferred.
AH bonds delivered to the trustee in exchange for consols
shall be stamped with a reference to this trust, and in case of
of 'he premises as hereinafter provided, the trustee
V^'i®sell
wiall
the trust bonds, together or in parcels, at public auction after notice of sale by advertisement.
The proceeds of any bonds so deposited in trust which shall
be paid off shall be invested in bonus of this issue, if obtainable
»t 105 and interest, and (to the extent that these consols cannot
York, trustee, of the second part.
Property Covered. All and singular the railroad formerly
belonging to the Cincinnati Washington & Baltimore RR. Co.,
with all its branches and appurtenances of every sort, lying
—
in the State of Ohio, as the
same
is
located
and constructed,
and extending as follows:
Lifie of road omned and conveyed,
Milef,
Cincinnati, Ohio, to the western approaoh of the bridge of the
Baltimore & Ohio KR. Co. at Belpre, Washlncrton Co., Ohio
193
The IlillflborouKh branch, from Hlanohestor to HillHborough, O...
21
The Portsmouth branch, from Hamdeu to Portsmouth.
56
The CarboudiUo branch, from near Mineral City to Carbondale, O. —
The Marietta branch fiom Beliire to Marietta, Including the rail-
n
road bridge across the Muskingum River
.
Total
281
Together with all side tracks thereof, and all stations, buildwarehouses and lots, all gravel pits and stone quarries appurtenant thereto; and all rights of way for said railroad and
branches, and all real estate used in connection therewith,
ings,
and including
all interests in the tracks of the Cincinnati
Indianapolis St, Louis
Chicago RR. Co. within the city of
Cincinnati, and in other real estate and property in the vicinity
of said tracks, held under a contract dated December 29, 1863,
but excluding the interests so acquired in any tracks or
grounds lying east of Central Avenue in said city.
Also, all interests of the company as stockholder in the
Central Union Depot
Railway Co. of Cincinnati.
Also, all those parcels of land in Cincinnati bounded on the
west by Park Street, on the north by the Cincinnati Indianapolis St. Louis
Chicago RR. and South Pearl Street, on the
east by Central Avenue and on the south by Second Street,
but excepting the " cross connection track " located on the
block west of Smith Street; and subject to the rights of Robert
Garrett and the Baltimore
Ohio RR. Co. in the one undivided half of a lot fronting 100 feet on Second Street.
All those parcels of land in Cincinnati between Park Street
and Mill Street and between MiU Street and Ramsey Street,
by whatever title holden, whether leasehold or in fee simple,
and all rights in the streets, etc., adjoining, and including
all tracks connecting with other railroads, etc.
Also lots
numbered 73, 75, 76, 77, 78, 79 and 80 and one-half of lots
numbered 74 and 83, all lying westof Harriet Street and south
of the Cincinnati Indianapolis St. Louis
Chicago RR.
Also including all rolling stock and personal property and
all telegraph lines of the Cincinnati Washin^on
Baltimore
RR. Co. Together with all rights as agamst the Western
Union Telegraph Co. by agreements dated Nov. 10, 1857, and
Aug. 3, 1859, and against the Cleveland Columbus Cincinnati
Indianapolis Ry. Co. as the sub-lessee of the Cincinnati
Springfield Railway Co. Also all rights in the unfinished
branch railway known as the Storrs branch, and all rights in
certain contracts with other companies for use of tracks, for
railroad crossings, including the contract for the use of track
between Byer's Station and Baker's Junction, dated November
14, 1879, and with the Cincinnati Railroad Co., etc., for the
use of tracks, depots and yards in Cincinnati, dated April 16,
1880, and including the contract with the United States Express Co. for express business for a period of ten years from
September 1, 1887, and that with the Pullman Palace Car Co.
for twenty-five years from June 25, 1888.
Together with all rights, privileges and appurtenances to
the same appertaining, being the same railroad property conveyed by deed to Edward R. Bacon, James Sloan, Jr., and
John K. Cowen, dated October 7, 1889, it being tlie intention
of the company to convey to the trustee all franchises of every
description, all real estate and interest therein, all mixed and
personal property designed for use in operating and maintain-
&
&
&
&
&
&
&
&
THE CHRONICLE
24 B
same be
ing said railroad, whether the
time hereafter acquired.
now owned
or at
any
THE BOND.
Freedom from Taa-aWon.—Boih principal and interest are to be paid
without deduction for any lax which the company may be required to
retain by any law of the United States or ot the State of Ohio.
Coupon or Itegislered.— The bonds are coupon bonds, and may be
registered as to principal.
First Mortgage 4>3 Per Cent Gold Bond.
Date.- DooemlK-r 20. 1 889.
Sinking
he re^ZiP'2n!noXll.-%?AoW>. of which $500,000 sUftU luaturined t" retire ?heb(in(l' of the cmimnatl & Baltimore By. Co.
standard of weight and
sold coiM of the United Stales of the present
interest is 4^, Pg^ jen* P^T, «°»»"' P^y*"'®
City.
,
1 lu ike Kod coin in New York
^
,„
principal and >ntef
r»x«/;<»..-"Tl,e
•'T«?J/l,H ?^,,.
rill
t'wh
h.'kM,'?
said rail
which
tax
nnvable Without nnv deduct (in by reason of any
under
niny i.e required to retain or deduct therefrom
?oId
of Ohio.
any law of the United states or of the State
be regmay
and
bonds
coupon
are
bonds
l!eaitl,ral.-The
Coupon or
York City.
Istcredas to prhuij>al at the company's office in New
""u^l^VayaWe.-The
Tiiniinrv 1
Bud July
™ny
,
Com^^Zv!"'"^o^T^lue received, the Baltimore & Ohio Railroad
of the prmnany herein- (cuarantees, unconditionally, the due payment
mature.
within bonds as the v severally
{^p^
" '*^" and Interest of the
and the signa..^^•ltn,.s8 the corporate seal of the said company
ture of
its
[Vol. LI.
Treasurer.
1
Treasurer.
Payment of Coupons by Ouarantor.—lt is expressly covenanted that in the event of the payment of any of the coupons
on eaid bonds by the Baltimore & Ohio ER. Co. that the coupoDB so paid or purchased shall be subordinated in payment
to the prmcipal and sulssequent interest on said Iwnds.
Default.— In case of default for six months in the payment
of the Eemi-annual interpst on any of the bonds hereby secured, or of default in the payment of the principal of the
same when due, or in case of failure to pay taxes and to keep
the property free from any lien whereby the security of this
mortgage may be impaired, or of failure to perform the covenants herein contained, then and in either of such events the
trustee shall, upon the written request of the holders of a
majority of the bonds then outstanding, forthwith enter upon
the property and enjoy the same, and shall apply the net revenue tlierefrom to the payment, first, of the interest due in
the order of its maturity, and, second, if the principal be due,
to the payment of the principal ratably.
Or the trustee shall upon request, as aforesaid, proceed to
sell all the property at public auction to the highest and best
bidder after giving due notice by advertisement. All proceeds of gale, ^ter the payment of expenses, shall be applied,
without preference to one bond over another, to the payment
of the whole amount of unpaid principal, and of the whole
amount of the interest accrued and unpaid ratably.
Or the trustee shall upon request as aforesaid proceed to enforce the rights of the bondholders by suits in equity or at law,
the rights of entry and sale hereinbefore granted being intended
as cumulative remedies, additional to all other remedies allowed
bj law. But no holders of any bonds or coupons shall have
the right to institute anj action for the execution of the trust
iicreof without first givmg thirty days' notice to the trustee of
the default, nor without aiffording it a reasonable opportunity
to seek redress. Nor shall the premises be sold nor any suit
he instituted otherwise than in the manner provided herein.
In case of default for over six months in the payment of
interest, the holders of a majority of the bonds hereby secured
may by an instrument in writing instruct the trustee to declare the principal due and payable, whereupon the whole
principal sum shall then be due and payable; but before the
entry of any decree of sale the holder* of a like majority of
the bonds hereby secured may annul or reverse the declaraAnd in the event of any sale of the premtion of the trustee.
ises as hereinbefore provided, the whole principal sum shall
be due and payable.
The company agrees to waive the benefit of any stay, exemption, extension, valuation and appraisement laws now or
hereafter existing.
Trustees.
In case the trustee shall resign or be removed by
a court of competent jurisdiction, or become unfit to act, the
successor to said trustee shall be appointed by the holders for
the time being of a majority in interest of the bonds secured
hereby, by instruments in writing, and in case it shall at any
time prove impracticable to appoint a trustee in this manner,
the new trustee may be appointed by any court of competent
jurisdiction upon application by holders of one-eighth in interest of the bondholders.
i'loirf.— None.
Declaration of Interest Payments.— The company shall apply its net earnings after the payment of prior interest charges
to the payment of interest up to 5 per cent per annum upon
the incorne bonds in the order of their priority. The words
net earnings "shall be held to signify the sum remaining of
the gross profits, earnings, incomes and receipts of the railroad and property from all sources during each fiscal year
ending the thirtieth day of June, after deducting therefrom
all the expenses of maintaining, operating, running, replacing and repairing the said railroad property and equipinent,
including such reasonable improvements thereof and additions
thereto as shall be necessary for the safe, proper and economical operation of the same, and also all rentals incident to the
operation thereof, and also after deducting all taxes and assessments imposed upon or against the eaid railroad and property or the incomes and earnings thereof;" and the interest on
the bonds having a lien prior to the lien of said issue.
The first coupon on the first mortgage incomes is payable,
if at all, on May 15, 1891, out of the net earnings of the fifteen
months ending March 31, 1891, and the second coupon is payable out of the net earnings of the fifteen months ending June
All subsequent coupons of the first mortgage in30, 1892.
comes and all coupons on the other income bonds are payable
out of the net earnings of the fiscal year ending June 30. All
coupons on the first mortgage incomes except the first are
payable, if at all. on October 1; en the second mortgage incomes on November 1, and on the third mortgage incomes on
—
December 1.
The company is to furnish the trustee with a statement
showing the amount of net earnings applicable from the earnings of each period to the payment of interest. If the holders
of 25 per cent of the bonds of any issue notify the trustee that
they object to the statement the trustee shall have the right
to have the company's books inspected at the company's expense by an expert accountant. And if the trustee and company cannot agree as to the statement, the trustee shall upon
request of holders of 25 per cent of the bonds file a bill in
eqiiitj for an account of the net earnings; and unless the company shall within three months after the final decree of the
court pay the balance of earnings determined by the court to
be payable by way of interest, such non-payment shall constitute a default for which the trustee shall be authorized to
take proceedings.
—
Default. The provisions respecting default are in the main
as described in the abstract of the first mortgage above, except
that the holders of one-fourth, instead of a majority, of the
bonds may in each case there mentioned require the trustee to
act.
—
Trustees. The provisions respecting the appointment of
trustees are the same as in the abstract of the first mortgage
above.
PEORIA
& EASTERN.
MORTGAGE AND ALSO SUPPLEMENTAL DEED^SECURING §10,000,000 OF 4 PER
CENT BONDS HUE APRIL 1, 1940.
FIRST CONSOLIDATED
Date.—February 22, 1890.
Parties. The Peoria & Eastern Railway Co. of the first
part, and the Central Trust Co. of New York and Charles W.
—
Fairbanks, of Indianapolis, trustees, of the second part.
Property Covered. All the line of railway formerly of the
Ohio Indiana & Western Railway Co., extending from Pekin,
111., to the tracks of the Indianapolis Union Railway Co. at or
near Indianapolis, Indiana, and the right to use the tracks of
said Indianajxilis Union Railway Co., and of the Peoria &
Pekin Union Railway Co. Also all bridges, stations; rights
of way, and franchises appertaining thereto, and all engines
and other rolling stock, and all supplies and appurtenances
now owned or hereafter acquired, the same being subject to
—
prior liens, as follows:
SECOND AND THIRD INCOME MORTGAGES OF
THE BALTIMORE & OHIO SOUTHWESTERN RR.
CO.. SECURING BONDS DUE JANUARY 1, 1990.
FIRST,
Date.— December
28, 1889,
December
80, 1889,
and Decem-
ber 31, 1889, respectively.
rru»fee.— The Farmers' Loan & Trust Co. of New York.
ProMrtif Coirred.—The property covered is the same as
that described in the abstract of the first mortgage given
above.
THE BOND.
Five Per Cent Non-Cumulative Income Bond.
D«fe.— December 28, 1889, December 30. 1889, and December 31
'
1989, resjiecllvely.
Vcnominatioii. —1^1.000 each.
Amount Auth'irized. —VnAer the first income morttraee *8 500 noA'
under the second. .ff..400,000: under the third, $7,700,000.
P"Vn'''<'-The principal is payable In gold coin of
^^''PH"'
the
United Strifes of the present standard of weight and Hneness on
JanaJn<rrMli'ayotfc.- The Interest Is 5 per cent per
thereof as may be earned but non-cumulutive.
;
annum, or so
mneh
-^ "luvu
Indiana Bloomington & Western 7 per cent bonds to
of $1,000,000, dated 1879, and due Jan. 1, 1900.
2.
Ohio Indiana & Western 5 per cent bonds to the amount
of $.500,000, dated 1888 and due April 1, 1938.
And all. the title of the railway company in a certain purchase money lien and charge of $5,000,000, and the income
thereof, on that part of the railway late of the Ohio Indiana
& Western Railway Company, extending from Springfield,
1.
the
amount
Ohio, westward to the tracks of the Indianapolis Union Railway Company, declared in the deed thereof to the Cleveland
Cincinnati Chicajgo & St. Louis Railway Company, dated Feb.
22, 1890, and all interest of the railway company in the premises so conveyed, the same being subject to the prior lien of the
said $500,000 Ohio Indiana
Western 5 per cent bonds due
April 1, 1938. [See also the supplementary deed below.]
&
THE BOND.
First Consolidated
Mortgage Four Per Cent Bond.
Bofe.— February 22, 1890.
Denomination.— $1,000 each.
Amount Authorized.— $10,000,000, of which $1,500,000 shall be
reserved to be Issued from time to time In exchange for said prior
bonds and $570,000 shall be reserved and issued from time to time for
:
AoausT
tho
piir|»i)i<«-<
iu<irtviiii<<il
I'riiiri/nil
York I'ltv.
THE CHR0N101.E
as, 1890,]
nt
tlin
roorgnnliatlon, or fur
tUi>
prnmlxeii.
r>ii/(ible.—The iirliicipal In pftyablo
tiniiroveineut of tbo
,
April
,
.
,
1, 19-10, In
Now
Inlrnn'i />rti/i/Wc.— Tho Intoront l« t por ooiit por annum, puyalilo
April 1 iind Ortolicr I In Now Yorli f'lty.
Krrrilmn frnm /VirnWon.— Biith prlnolpal and Intoront arc to bi> nalil
without (li'iliK^tloii fi>r any tiixi'n whirli tlio ronipany may bo rcquirod
to rclalii thori'from by any proioiit or fiitiiro law of tho Unltoil Htato«
of Aniorioa. or by any of tho Stat*!! thereof, tho company agreeing to
pay all niii'h taxi>.<.
Coupon nr Brtfisirrnl.—'Ihe bond* ore coupon bond*, and
m«y be
reg-
istered a« to principal.
Sinking FidkL
— None.
tfuoniii/y.— Hi'o
Aupplomontary deed
lielow.
Default.— In cuso of default for over three months in the
payment of tlie semi-annual interest ou &ny of the bonds
hereby secured, or in case of default in the myment of the
principal thereof when due, or in oiise of faihire to perform
any of the covenants herein contained, then in every such
upon tlie
case (1) the trustee may in its discretion, and
written request of holders of one-quarter in amount of the
hereby
the
property^
conbonds then outstanding, enter upon
veyed, and operate the railways, and after dednctiuR all proper
charges the trustees shall apply the remaining net income
therefrom to the payment of the interest due on the outstanding bonds in the order of its maturity, ratably and without
discrimination. (2) Or the trustee may, and ujion like request
shall, proceed to sell the property to the highest and best bidder
at public auction, after having given six weeks notice by
a<lverti8ement. The proceed of sale after the payment of
necessarv expenses shall be applied to the payment of the
principal of the Ixmds then outstanding and of mterestacciued
up to that time without preference l)etween principal and
interest, but ratably to the persons holding the bonds and
coupons hereby secured.
(3), Or the trustee may, and upon like request shall, proceed
to protect the rights of the bondholders hereunder, by suits in
equity or at law. No holder of any bond or coupon shall have
the right to begin any action for the execution of the trusts
hereof without Hrst giving the trustees notice of- the default,
nor without allowing it a reasonable opportunity to seek
shall
redress.
In cnse of default in the payment of interest or in the per-
247
1. Auiffnment of Covenant.— Th&t in consideration of the
premise* the Peoria & Eastern Company transfers to the trustees the above-mentioned covenants of said agreement (l)eing
those in clause second of said agreement), and all right to
prosecute all causes of actioo for any breach thereof.
2. Ouaranty of Interest.— ThaX, in consideration of the
premises the Cleveland Cincinnati Chicago & St. Louis Com" absolutely guarantees to the parties of the third part
fiany
tho trustees] as such trustees of said first consolidated mortgage, and to all and singular the persons anil partitas who may
at any time be or become the holders of saitl first consolidated
mortgage bonds, or anv of them, the punctual payment of all
the interest to accrue thereon, and on the bonds secured by
said prior mortgages, as and when such interest shall become
due and |)ayable."
That at any time the holders of
8. Endorsement of Bonds.
any of said first consolidated mortgage lx)nds may have them
—
endorsed as entitled to the benefits of this indenture.
And these presents further witness, that whereas the Cleveland Cincinnati Chicago & St. Louis Company owns said railroad extending from Springfield. O., westward to a point near
Indianapolis, Ind. subject to a purchase money lien of 1-5,000,000 now, therefore.
Enforcement of Purchase Money Lien. It is agreed that in
case of default under either the first cousolidated mortgage or
the income mortgage of the Peoria & Eastern Company, and
of proceedings thereunder against the mortgaged premises,
the said purchase money lien shall at the option of the trustees
at once become due and enforceable, and the trustees may (1)
sell the said purchase money lien as part of the mortgaged property retaining the obligations of the Cleveland Cincinnati Chicago & St. Louis Company in full force, or (2) foreclose the purchase money lien and sell the property in respect whereof
said lien is so declared and reserved for its enforcement, free
and clear from all rights of the party of the second part
,
;
—
INCOME MORTGAGE OF THE PEORIA & EASTERN
RAILWAY CO., SECURING $4,000,000 BONDS DXJE
APRIL 1, 1990.
formance of any covenant herein, or in the event of the trusX)a?e.— February 22. 1890.
tees taking possession of the property, then, and in either such
Parties. The Peoria & Eastern Railway Co. of the first part
case, the whole principal sum of all the bonds then outstandand the Central Trust Co., of New York, and Charles W.
ing shall, at the option of the trustees, or if the trustees omit F'airbanks, of Indianapolis, trustees, of the second part.
to declare the principal due, at the option of the holders of 3.5
Property Covered. The property covered is the same as
per cent of the bonds then outstanding, expressed in writing, that conveyed by the first consolidated mortgage which preand delivered to the trustees and served on the railway com- cedes.
pany, forthwith become due and payable. And in case of a
THE BOND.
sale of the mortgaged premises on account of default, the whole
Income Mortgage 4 per cent nou-cumulativc Bonds.
princi|)al sum shall b«;ome due and payable; but the holders
Date.—Feh. 22, 1890.
of a majority of the bonds may waive the right to declare the
Denominalion.— $1,000 each.
princi|)al due, or may reverse the action of the trustee.
Amnunt A uthorized.- $4,000,000.
I'nnripul Payable- The princliial is payable April 1, 1990,-in New
In every proceeding for the enforcement of these presents,
—
—
the trustees shall be entitled to a receivership of the mortgaged premises and of the profits thereof, and in any such
proceeding the railway company shall waive the iienefit of
any exemption, stay or appraisement laws now or hereafter
in force.
—
Covenants. The company covenants to pay the prior bonds
when due, to discharge 511 taxes, &c.. on the mortgaged
premises, and to insure the property against fire. If the company sliall make default in paying taxes or other charges, the
trustee or any bondholders may advance the amount due
therefor, and have a first lien on the premises for their reimbursement.
Trustees. After default under these presents by the railway company, the trustee may be removed by writing signed
by the holders of a majority of the bonds hereby secured then
outstanding, and any vacancy in the trusteeship may be filled
by appointment by the holders of a majority of the bonds, or
by any court of competent jurisdiction, upon application of
one-tenth of the outstanding bonds.
—
SUPPLEMENTARY INDENTURE DATED MARCH 25,
1890, GUARANTEEING INTEREST AND CONVEYING
COVENANTS.
&
Parties.—The Peoria
Eastern Ry. Co. of the first part,
the Cleveland Cincinnati Chicago
St. Louis Ry Co. of the
second part and the Central Trust Co. of New York and
Charles W. Fairbanks, tnistees of the first consolidated mortgage and of the income mortgage of the Peoria
Eastern Ry.
Co., of the third part.
Preamble. Whereas, the Cleveland Cincinnati Chicago
St.
Louis Ry Co. entered into an agreement dated Feb. 23, 1890,
whereby it arranged for operating for fifty years the railwav
of the Peoria & Eastern Ry. Co., and wherein among other
things it agree*! to make good a.uj deficiency in the fund
necessary for the payment of the interest on the prior bonds
and on the first consolidated bonds of the Peoria
Eastern
Co., and of any tax on said bonds, after devoting to such payment the net in<;ome from the purchase money lien [i. e., the
net earnings up to $200,000 of the 142 miles of road between
Indianapolis and Si)ringfleld] and the net earnings derived
from the line of railway extending from Pekin to Indianapolis.
And whereas, it further agreed that the benefits of said
agreement might be pledged to secure the first consolidated
mortgage bonds, and that a separate covenant should be executeil to the effect hereinabove stated; now therefore these
presents witness
&
&
—
&
&
York
City.
Interest P«i/o6'''.- Interest
IspayaWc on April 1 at a rate not exceedper cent per annum, but only oiU of tlie net iucoinc of the com(as below stated) and not cumulative. The coupons maturing
April 1. 1891, read tor $30, and the coupons maturtiift annually there-
iDK
-4
pany
after for $40 each.
Coiipnn or Kegistcred.— The
lege of registration.
bonds are coupon bonds without privi-
Sinking Fund.— None.
—
Payment of Interest. The directors of the company shall
ascertain each year the net income applicable to the payment
of interest on these bonds " by deducting from the gross earnings and income of the railway company for such year all
interest on prior bonds and on said first consolidated mortgage
bonds, expenses of operation and maintenance, taxes, assessments, insurance, rentals, and other like charges, cost of repairs, renewals, and reasonable betterments to the propertj^ of
the railway company necessary for its economical and efficient
operation,' and all deficiencies arising for said puriwses in
former years not otherwise provided for, and all advances
which shall have been made to provide for such deficiencies."
The said net income shall be ascertained and declared not
later than March 1, and the interest declared be paid on April
1
following.
The railway company shall by March 1, yearly, furnish the
trustees with a statement of earnings for the previous year,
and if the tiustees shall not be satisfied therewith, or if said
trustees shall be notified in writing within thirty days by holders of one-fifth the outstanding bonds hereby secured that they
object to the same, the trustees shall have the right to have
the books of the railway company inspected by an expert accountant, who shall be appointed by the trust company so
long as it continues one of the trustees. If the said difference
shall not be adjusted between the trustees and the railway
company, or if the trustees be called upon by holders of onefifth the outstanding bonds, it shall be the duty of the trustee
And
to file a bill in equity for an account of the net income.
if it shall be adjudged in such action that there is net income
available for the payment of interest on these bonds beyond
amount declared by the railway company then, unless the
railway company pay the balance of tho net earnings so adjudged available by way of interest, such non-iiayment shall
the
constitute a default in the payment of interest.
[In the agreement before mentioned between the Peona
St. Louis
Eastern and the Cleveland Cincinnati Chicago
Companies, dated February 22, 1890, it is providetl that the
Cleveland Company shall receive all income from the railway
hereby conveyed, and from the $5,000,000 purchase money
lien—t. e. the net earnings up to $30ft,000 of the road between
_
&
&
THE CHRONICLE
248
[Vol. LI.
issued at the rate of $600,000 per mile of double and $300,000
per mile of single track.
Principal Payable.— THe principal is payable April 1, 1990, "In gold
coin of the United States of the present standard of weight and fineness."
Interest Payable.— The interest of the first issue is 4 per cent per
annum; of any subsequent issues not to exceed 5 per cent per annum;
It Is payable" April 1 and October 1 In like gold coin in New York City.
Freedom from Taxation.— FTincipa\ and interest are payable without
any deduction for any taxes which the company may be required to
retain therefrom by any present or future law of the United States or
of the State of New York.
Coupon or Eegi»tered.—The bonds are coupon bonds, and may be reg-
may be
KjSlwSfuy .un.?«
Ss«t.7!rSrXSt
ol the
ti..~>lt« to th.
am
co»«.lia.t«l
P»™ ft
monsw.
istered, as to principal. In
New York
City.
Sinking Fimd.-SoTie.
above.
liens amount to $26,223,000, as
against these $26,648,000 of bonds hereby
secured shall be reserved.
Amtntnt
Prior lAens.—The prior
shown below, and
MANHATTAN RAILWAY.
CONSOLIDATED MORTGAGE, SECURING GOLD BONDS
DUE APRIL 1, 1990.
„
Date —February 26, 1890.
Railway Company and the MetBar<ie» —The Manhattan
Company parties of the first part,
ropolitan 'Elevated Railway
of the
Central Trust Company of New York, trustee,
.
:,
interest in the companies' system of
thereof and other propelevated railroads and all extensions
follows:
erty, the same being described as
**P«)PW^ Covered.—All
to the
Brooklyn Bridge, the 34th Street Ferry and the ^^.
"frim' BatVerf PJibe to' lioth
T^eTl nth' A vci^eTlevated KR."
Btrlat and thence by Elarhth Avenue to the Harlem Elver, InStreet with the New York
155th
at
Sng?heconnectto"
&^^_^g
Murray Btreet'to Centr^
RR.'fi^m'
EleVated
Thl" 8Uth Avemie'
5-39
pirt with the branch at 53d St. to the Ninth Avenue Elevated
129th
Ihe Second Avenue Elevated RR. from Chatham Square to
7-44
Btract...
Total mileage in operation covered
32 '40
by the mortgage
And all railways and railway property, real and personal,
and all rolling stock, stations and other buildings, and all
incomes, rights, powers or franchises now or hereafter
leases,
Also
all title to
Number 4 Front Street, having
a frontage of
3m
feet
and a depth
2 The lot oifthe southwestern corner of Chatham Bo uare, with fronta«e of 41 feet on Chatham Square and of 20 feet on Catharine St.
I The leasehold premises on the northwestern corner of Division and
^len streets, with frontage of 74 feet on Division street and of
77 feet on Allen Street.
_
^
4 The block of land, 610 feet by 201 feet, bounded by Second and
Third avenues »nd 66th and 67th streets.
The block of land bounded by Third and Fourth avenues and 98th
,^^„
5.
comer of 129th Street
The Irregular plot of land on the southwest
and Second Avenue having frontage of 205 feet on 129th Street
with
all
Avenue,
water rights, etc..
Second
on
feet
117
and of
appurtenant thereto.
^.
,
^
^
„
7 The Irregular parcel of land with the land under water at Harlem,
on the northerly side of 129th Street, and bounded northeasterly
332 feet by the Harlem River.
R The lot of laud of land having a frontage of 257 feet on north side
of 12Sth Street and of 206 feet on east side of Second Avenue,
with land under water, wharf, et«.
B The nrcmiscs Nos. 13. 25, 27, 29, 31, 33, 35. 37 and 39 Greenwich
Street and No. 9 Morris Street, having a frontage on Greenwich
Street of 236 feet and on Morris Street of 8 1 "s feet. [There are no
odd numbers between 13 and 25 on Greenwich Street.]
10 The lot No. 69 Greenwich Stiect and No. 98 New Church Street,
having a frontage of 25 feet and depth of about 78 feet.
II The lot in the rear of land liclonging to Grace Church and fronting
westerly on Greenwich Street, having a frontage of 44 feet and a
depth of 28 feet.
„.
. ,
12 The leasehold premises No. 34 Murray Street, fronting northerly
on Murray Street 27 feet and easterly on Church Street 75 feet.
13. The land fronting southerly on 83d Street 100 feet and westerly on
Tenth Avenue 77 feet.
14. The block of land, 350 feet by 192 feet, bounded by 109th and 110th
streets and Ninth and Moniingstde avenues.
18. The blockof Iiind,370by 192 feet, bounded by llOth and 111th
streets and Eighth and Mornlngsldc avenues.
16. The two blocks of laud, together being 400.X775 feet, not Including
the street between them, and liounded by Seventh and- Eighth
avenues and 144th and 14Gth streettf.
17. The land fronting easterly on Eighth Avenue 70 feet and southerly
on 159th street 300 feet.
18. Also certain leasehold premises, dock wharves, lands under water,
~
River.
etc., on the Harlem
..
..
,
'
'
"
.
$26,223,000
Ttotal
Secured by lien of this consolidated mortgage, as per agreement.
Whenever any of said first mortgage bonds of the N. Y.
Elevated RR. are deposited with the trustee, bonds hereby reserved may be issued at the rate of $1,050 par value for every
$1,000 of said bonds so deposited. And whenever any of the
other prior bonds shall be so deposited, bonds having an equal
par value may be issued hereunder. Until the merger with
the Metropolitan Co. is accomplished, the bonds of said comEany so retired shaU be held by the trustee uncanceled and
e enforced by it as wiU in its judgment best secure the rights
of the bonds hereby secured. The bonds of any of the other
issues above referred to shall, when so retired, be held as security hereunder until the whole of any issue has been deThe
posited, when thereupon that issue may be canceled.
railway companies further covenant that until said merger is
completed no further lien upon the property of the Metropolitan Co. shall be created.
No further issues shall be made under any of the prior mortgages, and at maturity all prior bonds shall be paid and canceled, except as hereinbefore provided as to the bonds of the
Metropolitan Co.
Default. In case of default for sixty days in the payment
of interest, or in the performance of any covenant herein
contained, the trustee may, and upon the written request of
holders of a majority of the bonds hereby secured and then
outstanding shall, enter upon and enjoy the property hereby
convened. And all revenues therefrom after the payment of
operating expenses, taxes, the cost of betterments, etc., shall
be applied to the payment of the interest due on the bonds
hereby secured, ratably. And upon payment of all such
arrears of interest the property shall be restored to the Man*
—
the parcels of land described as follows:
New York City conveyed.
DeteripUoti of land In
1.
otitstan4i>ia.
liens.
.^
S^the
Branches
Prior
N.Y.Elevated 1st 7s,due Jan.,1906,payaWe at 105 after 1895 $8,500,000
'Debenture 5s, due March 1, 1916
1,OCO,000
Do
Metropolitan Elevated 1st mortgage 68, due July 1, 1908. 10.818,000
2d mortgage 68, due Nov. 1, 1899.. 4,000,000
do
Do
1,905,000
'Manhattan registered bond certlncates, red. at option
L
The Manhattan Company agrees
to transfer to the trustee
capital stock of the Metropolitan Company now or hereafter surrendered under the agreement of August 1, 1884, but
nothing herein shall prevent the accomplishment of the
merger contemplated in said agreement. And whenever the
aame shall have been so accomplished all the property of the
Metropolitan Co. shall become subject to the lien hereof.
all
j;in 1884 the New York Elevated Co. was duly consolidated
with the Manhattan Co., and an agreement was made for a
consolidation with the Metropolitan Co., whose property had
been leasedfor 999 years from Nov. 1, 1875. Under this agreement the Manhattan has secured in exchange for its own stock
all but about,(97,218 stock of the Metropolitan Co.]
THE BOND.
Consolidated Mortgage Gold Bond.
i)<«<e.— February 26, 1890.
i>mo»ii)ia(w»i.-$l,000 each.
Amount Au(Aoriav/.— The amount authorized upon the present svstem of railroads is $40,000,000, but of this $26,648,000 is reserved for
prtOT liens, a* hercinattei Indicated. For extenatona further amounts
hattan Company.
Or the trustee may, and on like request shall, declare the
principal of the bonds due and payable. And in case of default
as aforesaid, or of default in the payment of principal when due,
the trustee may, and shall on request of a majority interest of
the bondholders, sell the property as an entirety at public
auction in New York City, after first giving notice of the sale
by advertisement. The proceeds of sale, when all expenses
thereof have been paid, shall be appUed to the payment of the
Erincipal and interest hereby secured, without preference
etween them, or of one bond or coupon over another.
But until the merger with the Metropolitan Co. shall have
been accomplished, the charge created by these presents shall
extend only to the amount which the Manhattan Co. now is,
or shall be, entitled to out of the Metropolitan Co.'s property
by said agreement, including all amounts due for expenditures for the completing and operating the railroads of the
Metropolitan Co. And such lien shall be enforceable as the
trustee may find expedient.
Or upon default as aforesaid, the trustee may, and on
ike request shall, take legal proceedings to foreclose this
mortgage and to seek the appointment of a receiver, but no
holders of bonds hereby secured shall have the right to institute any suit for the execution of the trusts hereof, without
first giving notice to the trustee of the default, nor without
aflfording it a reasonable opportunity to seek redress.
Trustees.— The trustee, after default by the railway comEany under these presents, may be removed by writing signed
y the holders of a majority of the bonds hereby secured,
then outstanding. And any vacancy in the trusteeship shall
be filled ieither by any court of competent jurisdiction upon
application of holders of one-third in amount of the bonds
hereby secured at that time outstanding, and after due notice
to the other holders or by writing signed by the holders of a
majority of said bonds.
—
Bnsk RR. (Col.)—In Leadville, Col., there has been filed in
the clerk and recorder's oifice a mortgage given by the Busk
Railway Company to the Continental Trust Company of New
York, to secure the payment of an issue of first mortgage 7
per cent gold bonds to the amovmt of $1,500,000, payable July
It is provided that should the Busk Company desire
1, 1985.
to redeem any bonds, they shall have the riglit to do so within
five years of the present time at 105.
The mortgage is given
on all property of the Busk-Ivanhoe Tunnel Company, including the line of railway to be constructed between Busk and
Ivanhoe.
.
.
ACOCST
THE
28. 1890.]
HUONICLK
(
COT TON.
She Cgmnxercial gimes.
COMMERCIAL EPITOME.
Friday
August
Nioiit,
22,
1890.
factors of chief importance in tl>o commercial situation
been tlio liigh rates for money and reports of an ituiiend-
Vanderbilt system of railroads, both tending
to restrict transactions. The advices as to the growing crops
of the country have Iwen on the whole more favorable. And
it is a noteworthy fact that there is a good business in finished
iag strike on
tlie
and that the bank clearings indicate a fair degree of commercial activity in the country at large.
Lard on the spot has been advancing with corn, and in the
face of large receipts of hogs, the exports being liberal and a
iron and steel,
To-day
good demand prevailing for immediate delivery.
2,50) tcs. prime Western sold at 6-65@6-57J^c. on the spot
and G'.TOc., cost, freight and insurance. Prime city sold at 6c.
and retined at 6'35i36-80c. for the Continent and 7-30c. for
South America.
OXILT OLOSnlO PUOBS OF ULBO rDTOKKS.
Sal.
Mm.
Tu»t.
Wed.
6-3U
G-51
6-50
6-K6
6-50
6S3
682
6-7rt
6-70
6-j9
6-90
6-76
6-87
7-0!)
707
Thur,
Friday. P. M.. Auirust 22. 1890.
as indicated by our telegram*
from the South to-night, Li given below. For the week tmding
tins evening the total receints have reached 14.205 bales,
The Movkment of the Crop,
Two
have
Fri.
week, making the
5,819,058 bales, against 5,516,069 bales for the same period of
1888-9, showing an increase since Sept. 1, 1889, of 802,089 bales.
BeeelpUttt—
167
773
398
2,495
El Paso, Ac...
New Orleans...
Mobile
Florida
808
3
1,264
1,312
408
1,912
139
97
69
983
200
6,717
96
Savannah
"ui
384
368
567
971
546
2,987
18
35
9
18
348
68
406
1
5
5
38
92
149
58
75
15
300
17«
15
Brunsw'k, Ao
Charleston
Port Royal,&c
"
Wilmlnirton
West Point...
7-13
Phlladelph'a,&c
Pork has been in moderate demand and firm, closing at
$12 60@813 25 for new mess, $10@$10;50 forjjextra prime and
Totals this week
January
deliver}'
692
7-13
96
101
N'wp'tN's.Ao.
6-tf6
o.
c.
c.
'
2
Norlolk
6»1
ilellvery
Deocml>er delivery
2
i
594
Wa9h'gton,&o
7-11
November
TaUd.
Frt.
814
Boston
Baltimore
6-71
TKur».\
211
6 73
6-85
6-09
6-30
Wed.
Tuet.
iton.
I
1721
680
o.
0.
Sat.
I
Oalveston
New York
OotobBrilellvery
last week and 1,419 bales the previous
total receipts since the Ist of Sept., 1089,
bales
against 8,756
6-97
Septonil)«r delivery
249
""17
8
1,156
2.840
1.992
1,2521
4.2(iOl
446
44«
2,795
14,295
we
give the following table showing the
week's total receipts, the total since September 1. 1889, and
the stock to-night, compared with last year.
For comparison
|1150(3$14 for clear backs. Beef has been quiet at $6 25®
16 75 for extra mess, $7 50@|8 for packet and $11 50® $14 for
extra India mess. Beef hams have been firm at $17 75®
Receipt! to
Augutt 23.
$18 \>er barrel. Cut meats have been been quiet, but firm,
with pickled bellies, 10 to 12 lbs. average, 6a6J^c. do. shoulders at 55gC., and do. hams at ll(gll}^c. Tallow has advanced Qal veston
£lFa»o,&o.
to 4JgC. on large sales, though closing quiet. Stearine has reNew Orleans.
and
oleomargarine
Butter
has
at
5?^c.
mained at '!%@'i%c.
Mobile
been advancing, with light receipts and a good trade, closing Florida
at 17@23,i^c. for creamery. Cheese has advanced to 7(g8Jic. Savannah. ..
Bruns.,tfca.
for State factory full cream.
Charleston ..
Coffee on the spot has latterly been quiet at 18J^c. for No. 7
P. Royal.&o
Rio undescribed. The warehouse deliveries have been liberal. Wilmington
There was at one time quite a good trade in mild coffee. InWash'tn.&o
terior Padang sold to-day at 24}^c. Rio options were strong Norfolk
West Point.
until the receipts at Rio and Santos began to increase mateNwptN.,&c
rially, reaching 22,000 bags in one day, while to-day they
Hew York. ..
1889-90.
TKlt
Week.
1,
Stock.
1888-89.
S'mee Sep.
1, 1883.
Sitiee Sep,
Week.
1889.
1890.
1889.
I
;
. .
842,046
23,212
2,850
6,717 1,962,092
594 240,633
32,279
2,987 941,415
1,914
2,495
496
52
300
176
15
162,962
322,316
1,833
132,937
3,749
403.043
327,118
62,666
115,050
72,910
90,567
81,430
2
127
1,101
9
78
8
189
23
675,734
23,147
1,691,614
209,496
27,010
815,927
132,009
383,703
16,225
152,168
4,369
485.728
411,384
136,296
130,831
103,760
65,676
61,772
1,374;
2,342
6,883
2,875
109
80
2,718
1,803
633
83
316
124
1.033
87
38,336
65,438
were 23,000 bags, including 14,000 at Santos. The large ar- Boston
17
1,100
2,000
rivals together with increased Brazil crop estimates, less de- Baltimore. ..
446
495
134
381
PhU'del'a,
&c
97
3,102
4,789
mand to cover, selling for European account and " firm offers" from Rio have latterly caused more or less depression.
Totals
14.295 5,819,058
6,532 5,516,969
65,985
70,116
The American visible supply is about tlie same as a year ago,
In order that comparison may be made with other years, we
but the near options are materially higher than then. The give below the totals at leading ports for six seasons.
close to-day was steady with sellers as follows
Reecipit
:
An«nut
September
October
.18-2 ic.
17-70c.
17-05o.
I
|
November
December
January
16-70c.
16-50C.
16-00o.
at—
I
February
1.5-80C.
l.'S-VSo.
|
Marc>j
April
1.5-750.
Raw sugar has latterly been dull and weaker, closing at
4 15-16c. for fair refining and 5 9-16c. for 96 degrees test Centrifugal. To-day 96 test Cen trifugal sold at 3 3-16c. cost and
freight; molasses sugar, 88 test, at 2 9-16c. cost and freight,
and 89 test at i%c. Refined sugar has been steady, but closed
easier at 6}^c. for granulated and 6 ll-16c. for standard
crushed. At the tea sale prices were strong. Large private
sales have been made.
Kentucky tobacco has been in better demand, but the
actual transactions have not increased materially, and prices
show no change. Seed leaf has sold pretty freely, the sales
including 500 ca-ses, 1889 crop, New England Havana seed, 13
to 16J-^c. 350 cases. 1889 crop, Pennsylvania seed leaf, 9J4 to
lOKc; 300 cases, 1889 crop, Wisconsin Havana, 9% to ll'^c;
160 cases, 1888 crop, Wisconsin Havana, 9% to 12c.; 200 cases,
1889 crop, State Havana, 12 to 14c. 2.50 cases, 1889 crop, Ohio,
;
;
Md
nommal.
1887.
1888.
1889.
1886.
1885.
2,495
6,717
594
127
215
368
54
182
Savannah.
..
2,987
1,101
6,201
3,255
1,493
3,355
Charl'st'n,dbo
490
52
300
191
463
9
78
322
59
460
56
326
696
13
15
8
1,101
8
212
231
4,135
1,063
271
174
305
83
6
410
14,295
6,532
18,517
19,270
12.153
11,695
Wlm')5t'H,4o
Norfolk
ff't
Point,
Ac
AI' others
rot. this week
B lnceSept.l.
2.852
1,914
3,416
2,384
6,881
7,179
4,782
4,735
684
4,336
2,613
5819.058 5516,969 5i^45,477 5242.367 5349,771 4759,796
The exports for the week ending this evening reach a total
of 6,952 bales, of which 6,833 were to Great Britain, 28
to France and 92 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1889.
Week Bmtlns Aim
Exvorted to—
Export!
;
7 to 9c.: 2.50 cases sundries, 6 to 23J^c.; also 1,650 bales Havana. 65 to ^\ 15 and 350 bales Sumatra $1 15 to $2 40.
Refined Ipetroleum in barrels has remained at 7 350.
cases
9-20c.; crude in barrels 7-50o. and naphtha 7-50c. Crude certificates closed at 8.5c. per barrel. Spirits turpentine is quiet at
41J^(a42c.
Rosin is quiet and steady at $1 87J^@1 45 for
common to good strained. Hops have been firmer. Wool
has been quiet and depressed.
On the Metal Exchange to-day iron warrants were dull and
nominal. No response has been made here to the advance in
Scotch iron warrants in Glasgow of late. Pig iron is dull and
rather weak. In manufactured iron and steal a good business
18 reported from the West.
Steel rails are dull and to a great
extent nominal at $31. Tin was firm at the Exchange to-day,
straits for August sold at 21.50c and for September and
October at 21.40c. Copper was dull, lead steady and spelter
1890.
6alv'ston,&o
^ew Orleans
Mobile
lYom
22.
OonU- Total
Oreot
Brit'n. France
funt.
Orleans..
42
3,000
3,042
Mobile
BaTannnh
Brunswick
I. 1889, to Aun.
Exported to—
onat
1
«28,«38)
37.766;
966,994
180.340
S7,801
28
>*«••>
«354
60
60
lSe,4S3
1,00«
«6,062
36,690
i.ooa
Phlla(lelp'a,&c
Total
Total. 1888,«».
24.0S0<
16«,S««
87,706
S3M
«,est
i*.sia
M
6171
SS
6«4.6«l' 42,731
•1,962 2,901,173
l.WO 16.873
617,322.1,827,820
44.789
79,161)
1
Wilmington...
Norfolk
York.
Boston........
Baltimore
i,7i.2ia
6S140*
U7.179
102,802
61,284; 24,24«
New
132,110
348,121
14,287
194,802
32,988
163.0«2; 30.22«l
CbarleBton....
West Point....
N'portNws,**
1890
niM.
S07,490i 3i.«58
938,590 S41,708|
44,7891
....
22,
Oonfi.
Week. Britain. France
Qalvoston
New
Sept.
2.924.862
1.674
g«
U9.404;
«40.8S»
U2.I49
4.217
76«,«aB
140,010
66.817
lSt,MS
1439
37,721
476.1U 1.512.679 4.8883M
U8.790 1.3IU.2T0 4.7«.»1«
e
.
g
1
to-night also
In addition to above exports, our telegrams
on shipboard, not
ifive UB the following amounts of cotton
We
named.
cleared, at the ports
5
C
Leaving
Coa»l-
Other
France. Foretipt
Britain.
Oreat
11
1,972
4,911
None.
100
109
533
600
600
None.
None.
None.
None.
None.
None.
8.000
1,000
2,118
1.374
1,033
30.336
3,899
11,872
44,313
17.212
15,279
52.901
164,027
l.iXiO
None.
None.
None.
None.
None.
None.
None.
None.
Total 1890...
10,961
None.
None.
711
Total 1888...
Total 1888. ..I
13.322
10.202
950
None.
2.385
4,267
HohI.e
Charleston
None.
None.
None.
None.
None.
.
. .
BaranDah
GalvextAD
Norfolk
New York
Otber i>ort8
8,000
55.'5
1
810
I
1
H
"^
<
% 013!»2
rn»o.
o*P
O'flODg'
5-3.ES
dulness at Manchester, liberal receipts at the ports, depression
in Southern markets and a reported failure in New Orleans,
caused a decline here which was especially noticeable in the
,and September options. On Tuesday much the same
influences conspired to bring about a further decline. On
Wednesday renewed dulness and depression in Liverpool,
August
a
aa
rtK
money
Liverpool, the circulation of August notices of delivery for
10,000 bales, declining spot markets here and at the South,
and continued stringency for a time in money. Cotton on the
spot has declined 9 16c., with liberal sales for export at times
and a fair trade for home account. To-day the market was
depressed, with middling uplands llj^c.
The total sales for forward delivery for the week are 368,000
bales.
For immediate delivery the total sales foot up this week
11,756 bales, including 8,759 for export, 2,997 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 16 to August 22.
—
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good MiddlinK
V lb.
9',g
9^8
9>i«
9^
10\
lOSg
10»8
ll»i« tl'ie ll'i*
im
HOB
,
Good .Middling
MiddUngFalr
Strict
Wr
lih
u\
9%
9i»,6
1058
llO',.
11>3
111' «
:
•
5;
to
o
OULF.
§9).-'^
'Ss-.'-s
£-K-IC«
E0M-?:1
f^n
P-MrCtt
P&.-^<2
p-H-irOE.
-1r-0:1
&
^CSO
*«I
lb
Fair..
STAINED.
.
I
I
RIou
Sat.
91.
91I1,
Ii'j?
Low Middling
10%
lo<>a
Middling
ll'i.
ll'i«
CLOSED.
.
Mio^M
M^ W
cicJ"®!*^
Oi
to
^^^
|>
(w.
^3>
00*-.
I
2
^
If.
IJ
MOIOP
aob
CCM
a
.j.j
ad^w*
P
ffios®c:
to
^1
<l
05^
1^;^
<j
00
5
OO
15
obob
2
cooo
2
d"a®oi
MM
CO
OO
2
^
ai»'
t-t^ZCt-*
1
coco oeco COQO
o »j-j®-4 -aob®^! OLOp^cr)
to
H^Ci
Oi OS
HM >
op
00
op
*-§
-
.
tO
-
5
...,_.1_,»1
MMQDM
K.CO
tox
.a
2
'^
w:
8..^:
MtOM
000
'o»®w
I
0000
.
2
"^
\
9~
s.-^:
^..^y:t~t
|8.-J:
di^cj»
cituiOQ,
I
I
cjiffi^ci
00
5
5 pp
pp
''^1^
t^"*^
5
I
I
I
2
P
^
£
^
toto
..'Dull
3,759
.
Easy
Wad. Ea«y
Tkar. Easy at
i«
dec.
o
161
4,600
i,, dec.
WtL.. Steady at
>s
dec.
8,759
dally
557
767
311
665
546
2,997
^crO^
^*i
oa
Mtf>.
to
pp
**M
5
pp
•^'^
5
£E
'^
icm
2
^
otyi
«>'.'^:
rflOji
I
I
I
,^,^0^
ijlrflO^
O C5
CO
,&-
MM ^ k^t-^
pp < pp
wco 2 i^"*^
^ MM
XX
l
liliftLO,^
CO
to
U
MM
pp
*^^
t>
IJ
t>
IJ
MM
pp
2
•^
i*^"^
2
^
tvM
OTM
i^**-
^1^0^
O 03
IJ
MM
pp
2
P
oi«i
b^
C;i
t>
15
**'*-'
to:
t-^h^iCt-^
h^H'C^^
0000
ocoo ^i-^y^t-^
oooo t-^^<i>-^
0000 coop
coc
tfl.^O
i^^O^
V*-
to
}-'>.' O'
CO*^®CO
to
to CC
^
2
tolOM^
pp
^^
05 Ot
:c 10
to
a ^1
> MM
00
^-i^.*
pp
I****
^
2
OStOM"'
'.«:
pp
i^i*^
i^,^©.u
rfl.U®it
I
I
,^,^0^
M^ 05
03
"M ^ MM >
pp !^ pp 5^
2
2
^OS P CO
CJiCJ!®!^
^'^^
<t
tO^
cjtcjt
a."*;
ei
(|fc.|li.®l^
<l^
Oi
^M b.
pp
CO
6."'
"^
:
cJ'cJi
"*
."-;
"^
O
"^
I
C.T
M
"j
i^CO
MM
00
b>
15
O
'^
I
S
yr
h-
M— ^
MM ^ ^^^
5^
pp 5 pp
PP
A cncn A
cnc^
coc
00
coca
010
CD
C^CJI
COO
t-tt-*CC^
M M H- M C. M
MMXM
ppcp pppp pppp
ppcp
®
^
Cr
I
CJICJ<®CJ»
1,
'^
I
M
CO
I
lUrfLO,^
rf*,*l
h»
2
OSOiM*-*
-.-OiM t-*^:/!-- Mi-tOM
0000 COCO
COCO
OCOO coco COS
00:
MM
pp
rf*M
1,10.
9'
-^r:
MM#-M Hh-XM
MMC
I
t.
teu>
cJt
cjt o'r
cJ»
>.
5^
00
5
00
5
COM
"^
OSM
"^
M MM O
C^CJ<
o
05C0
"<
is: is:
e-r:
MMCOM
h'^tC^ MMtO-* MM<IM MMW*-"
I
e.'-':
1
I
ar:
oc6o 003pO COCO COOO COOO COOO
C^C^'-'CJi
at®c
cScfl®«t
lt^tP>
QD
CO
tf*
MM
CO
00
M_
t».
!^
Ctf
fr.tf^
(
M
h»
o,
?
CJ(CJi
Om
QQ
d
I
q;
:
«»
:
d:
M tf^M M
O CO C C o Pi
M
I
OiM
I
®
—
?c
o:c5
2
MM t>
^
MtO
CD
I
M
_,*J
'
I
I
s.
"^
:
0000
00
I
<
I
9" 16
I
I
1
I
I
>
I
>
1
I
Vr,.
IS
I
s
1
I
I
I
I
I
I
s:
I
li
I
I
S^T
10=8
10i„
llll«
IIM
9-4
10>..
4,316
661
767
4,811
655
54l<
Satrs.
imt
20,400
81,000
57,200
31,200
91,200
87,000
I
I
I
I
I
I
I
I
Id
I
S:
I
I
1!
I
* Includes sales In Septemher, 1889, for September, 147,600: Septem
ber-Oetober, (or October. 640,600; September-November, tor Nii vember'
630,200; Septcinber-Decemlicr, for December, <57 20J; September"
January, for January, 1,570.100; September-February, for February"
l,12d,100; September-March, for Mareb. 2.236.9'>'i; September-April,
ror April, 1,555,600; September-Mav, for Mav, 1.815.700; SeptemberJune, for June, 1,830,10(1; September-July, for July, 1,655.800.
[jtr" *'e have included in lUe above table, and sliall couimue each
weeK to give, the average price of futures each day for e.ach month. It
will be found under each day following the abbreviation ' Aver." The
average for each mouth for the week is also given at bottom of table.
Transferable Ordem— Saturday, 11-85C.; Monday, ll-70c.; Tuesday,
1170c.: Wednesday, 11 -eoc: Thursday, ll-35c.; Friday. U15o.
The following exchanges have been made during the week:
12 pd. to exch. 200 Jan. for Oct.
'15 pd. to eieh. 500 Dec. for Oct.
11,756 368,000
deUvarlM given above are actually delivered the
mnoBs to that on which they are reported.
e.«:
&.-:
6.»:
sr:
MWM
^^Oi*-* h^t~iV*t~* MM~IM ^-,-cCM
000 0000
ocop ooop occo
s).":
Pri
I
500
2
^
a-M
i
M--tOM
if-5
t^
I
9'ie
I
Mob. Easy at
*
*^
MHCCM
MK-i-^M H.-rf.—
0000 coop copp 0000
tO__«__CC
twX
5
OCD
X
«to
I
05O1
loto
coco
I
^
GOO
ooop
i^co
».";
X
:
^
^^ > MM
pp 5^ op
CJ
I
15
'*
.JOS
^O
IJ
>
^>^
pp
oc
IJ
^
HM<1M
cc
I
*oab®*j
00
^^
©.":
».«;
M^OM
C90 OCOp ^^h^~
p— OH
sir:
M^IM
tf*.
!J
I
1
„
SALES or SPOT ADD TBAKUT.
Con- Spee- JVoaTotal.
port. tump. wCh lit.
Ex-
III
O
H'l«
MABKKT AND SALZS.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the
convenience of the reader we also add a column which showt
Bt a slance bow the market closed on same days.
POT MAKKBT
K-OP
•
1008
Tit.
To en Wed Tb.
10<>8
HOP
»J
I
,
^Ib.
Strict Good Ordinary
Wed
c^p^
f^r^
P-i-OfS
t;—)t-«
*<
oo
»*
o
Mo«too
"^
9h«
10,,
9l„
9>s
9>s
9hi
95l^
..
916,„ 9%
9'°if
9H)
I0i6j( 1013,8 lOi'i, 101',, 10=8 11038
illSs
llVi
lim |11I„ ilOU,
ll'3l« ll'»l« liniellu,Jm2
1114
H2iu 11 "l« Ills,, 111s, 11% Ills
12'4
1218
1216
Ui6„ Uii„
1218
12»8 1238
12% 1238 !123,8 1113,,
12'<,8 jl2%
12>>ic
I319
13
13
Il2>3,, 12',
|13S„
1313
13>9
llS^i
13»B
im
MiddUngFair
Oood Ordinary
ra«n Tnei
9»8
lO'ig
o
^(-OCS
< ^1 < ^^ <
^^ S ^'5
COW * CJiwl
00
£ ^'J
CUCW^
^^ -^
CDMWP* to© to"* U>Vf 2 WOlr-'^
e.-i:
©.";
«.<=:
e.®:
s).":
a.<=:
MHtCM MMOM h-M^M M M 10 M
HM — M MMirM
MMCM Mr-OM .-MO-^ Mf-O— M t- O M f- M O
8'9
11%
ll's
11% |H»,6 115 9
12ll6 iii»„ 1116,6 1116,«11%
III3
12».« 123i, 123,, 121,, 12
11%
l23e
12% 1298 I12'i6 lll»lf
12>a
12li-,« 12ia„ 121»„ 12:a,Ml258
1238
13'
12'^8
13»iii 13»i« 13oi, ll3'«
Sat.
»
^5-?.=
2.C
K O (^ ^
C » - .-
a
o ^
,
Orilnary
Btnct Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
Strict Good Middling
QiflgiS
•
m^wf®
>^'^
Th. Fr<
9i8
9'ig
9%
fl
en
o
»< h.'O'*
—
I
to
^,-COo
M
—
non Tae* Wed
'
^
&— C»
market
appeared as a depressing factor in the speculation.
To-day August declined 31 points, but other options, aftor a
small decline, recovered the loss and advanced 5 to 6 points.
The depression was due to a decline of 6-64d. for August in
Sat.
QsoftS
1O
o
now
UPLANDS.
a
g
y
Oirg"! 0>Dg!0
03-S-5,
oaEg- o2.E»
wfiCftO.
wftffisr
n-V^a
r. r
..
Manchester, New Orleans, and some other Southern markets,
•8 weU as liberal receipts caused another decline here. The
later deliveries showed the least depression, as they were alwith
compared
discount
ready at a considerable
August and September. On Thursday prices continued
The
ai
?^EB
in cotton for future delivery at this market
has been moderate in the aggregate and prices have been deOn Monday a sharp decline in Liverpool, continued
clining.
course.
shown by the
eg
The speculation
downward
n 9
yi
I
the
are
^: w
None.
100
None.
None.
None.
None.
None.
None.
None.
None.
1.961
Orleaus...
The Sales and Peices of Futures
Stock.
Total.
teise.
[Vol. LI.
a i
Shipboard, not eUartd—for
On
at—
A.vg. 22,
TMal
Tby
—
;
following comprehensive table:
figures for
add similar
York, which are prepared for our special use by Messrs.
Carey, Yale & Lambert, 34 Beaver Street.
New
on
1
THE CHRONICLK
250
Hew
1
|
d»'
•42 pd. to eich. lOO Jan. for Sept.
•73 pd. to excU. 100 Sept. for Aug.
•05 pd. to exch. 100 Dec. for Jan.
I
j
-26 pd. to exch. 20f) Oct. for Sept.
-22 pd. to exch. 100 Oct. for Sept.
•20 pd. to exch. 500 Oct. for Sept.
1
AUQVBT
THE CmiONlCLR
as, 1890.J
u>ni);lit, as made up by cable
as follows. The Contineutal stocks, as well as
OiOKO for Hreat Britain anil the afloat are this we«(k'« rcturiiH,
and i-onse(|uently all the European figures are brought down
But to make the totals the comulete
to Thursday evening.
figures for tonight (Aug. 32), we add the item of exports from
the United States, including in it the exports of Friday only.
1889.
1889.
1887.
1890.
bales 060.000 920,000 425.000 567,000
Bt<)ok at Liverpool
17,000
16,000
40,000
20,000
Block at Loudou
The VisiBLB SuPi'LY OF Cotton
and
tt>li'^;ruph, is
ToUl Great Brttalu
Stock
BUivk
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
080,000
4.400
32,000
5,000
stock.
at Uitiuburg
Ht If ri'iiipu
ut Aiiixtcnlain
at Kottcnlain
at Antwerp
at Havre
at .MaraeJlles....
at Kurcelona
at Oenoa
at Trieste
537,900
3.000
19,800
6,000
441,000
3,400
28,000
7,000
300
700
62.31M)
28,000
300
15,000
81,000
5.000
49,000
6,000
4,000
111,000
3.000
48.000
7.000
11,0<K>
1,100
100.000
2.000
32,000
4.000
9,000
Total Continental stocks
228,600
189,100
219,400
333,500
Total European stocks.. ..
India cotUm afloat for Europe.
908.600
82.000
23.000
5.000
55,985
4,933
726,100
53,000
26.000
0,000
70,110
5,890
2,270
600,400
42.000
20,000
6.000
179,306
14,026
151
940.500
EKypt.Brazil.Ac.afltforE'r'pe
Stock
L'uilcd States ports..
St«K'k iu U. S. interior towns..
United Stat«s eiiiorta to-day.
m
103,(K)0
55.000
26.000
93.312
17,092
40
889,382 921,883 1,235,550
1.079.518
Total visible supply
Ottbe above, tbetotalsot American and other descriptions are as followsAmtrtean —
Liverpool stock
bales 323.000
292,000 273,000 295,000
Oouliuenlal stocks
120,000
99.000 120.000 160,000
American afloat tor Europe...
20.000
55,000
23.000
20,000
states
stock
93.312
United
70,110 179.303
55,983
14,026
17,692
United States iuterlorstooks..
4,933
5,890
151
2,276
40
United SUtes exports to-day
Total American
Xml Indian, Braxil, i*c.—
Liveriwol stock
534,918
495,282
606,483
621,050
335,000
20,000
102.000
82,000
5,000
228,000
17,000
90,100
53,000
6,000
152,000
10,000
99,400
42,000
0,000
272,000
40.000
173.500
103.000
26,000
541,000
534,918
391,100
495,282
315.400
606,483
014,500
024,050
Londoustock
Continental stocks
India aflo.at for Europe
Ecypt, Brazil, iSec, afloat
&c
Total visible supply
1,079,518
Price Mid. Upl., Liverpool....
0%d.
HHjc.
Price Mid. Upl., New York....
921,883 1,235.3,50
689,382
OSgd.
llHic.
tW The imports into Continental ports
5»,.d.
lO'sc.
aoM
QnOTATIONS FOR MlODLINQ COTTON AT OTHER MaRKETH.—
In the table below we give the closing quotations of middiiaig
Dotton at Southern and other principal cotton markets for eaca
day of the past week:
5»!!d.
iuffntt 22.
following statement.
Hon.
Tua,
113b
Ills
ll^ie
ll'i
113*
1138
1138
ll»i«
11
11
10^1
III3
121,,
1216
12»«
1138
ll»t«
11
New Orleans
Mobile
Savannah...
CbariestoD.
11%
11%
Wilmington.
Norfolk.
Boston
I2l„
Baltimore...
St.
12ie
12«a
1138
11>S
llHi
Louisville.
13
12
PhUadelphia
Augusta ....
Memphis
...
Louts....
Cincinnati..
..
O
OS-*:
-J
'30
^ h-
t-;
CI
V J '*. — i.. 31 w
WW
—
rffc
C*
CS
'-'
N- to
M
r-
Fri.
im
im
ll>4
ll>4
11
lli»
11
11\,
im
lO's
101 •„
lO'e
lOia,,
10%
UHi
10%
10>a
10>a
llHi
1115,4
11
11
lli»,a
11%
XI 1^1.
12
it's
lO's
Wg
10l»,8
lO'^u
12
12
12
12>a
1138
1138
Ills
1238
11
12>4
11
Ilia
12«s
1138
1138
11>«
12
12
12
12
12
12
12
12
UHj
im
im
1138
11%
12
12
-
The closing quotations to-day (Friday) at other important
.
Columbus, Miss
Eufaula
"ii"
im
Ws
lO'^
Balelgh
Rome
.
Na»hvlUe
Natchez
II14
lO'Oia
lO'^a
Selma
Shreveport
....
From the Plantations. —The following table
the actual movement each week from the plantations.
Receipts
indicates
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.
Weik
1886.
July 18
••
86
Aug. 1
8. ...
••
SVk at
Beceiptt at the Portt.
15
88
1889.
1880.
Interior Tawnt. Ree'pU
1888.
1889.
1,952
2.500
31,470
10.855
8,033
6,3St
9.915
19.149
1,710
3,643
9,657
911
2,598
1,419
28,183
23,885
20,385
18,244
15.991
18.517!
1,010
1,406
8.758
6,632' 14,295
The above statement shows:
1.
1890.
1
10,062
188a
from Plant'n*.
;
1889.
13,888
3,865J
9,819
4,728.
7,436
1,906.
8,789
8,816
8,863 15,308
8,964 18,261
9,158
7,848
7,390
7.207
1
184|
512
412
918
6,349
1890.
1,287
213
772
3.830
16.396
—That the total receipts from
the plantations since September 1, 1889, are 5,815,578 bales; in
1888-89 were 5,508,801 bales; in 1887-88 were 5,537,638 bales.
2.
Tliat, although the receipts at the outports the past week
were 14,295 bales, the actual movement from plantations was
16,396 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
tor the same week were 6,349 bales and for 1888 they were
—
18,264 bales.
1889-90.
•
OH—
Thur:
Amount of Cotton in Sight Aug. 32.—In the table below
re give the receipts from plantations in another form, and add
to them the net overland movement to Aug. 1, and also the
takings by Southern spinners to the same date, so as to give
"ubstantiallj the amount of cotton now in sight.
E ||flt|| £
CJK'
Wednet.
Southern markets were as follows:
Little Bock
Atlanta
10%
Columbus, Oa.
10 »3 Montgomery
••
At the Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 188S-89— is set out in detail in the
Satur.
Oalveston...
9,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 190,136 bales as compared with the same date
of lfeS9, an increase of 157,635 bales as compared with the
corresponding date of 1888 and a decrease of 156,033 baies
as compared with 1887.
CLOSINa QITOTATIOMS fOB MIDOLIKO COTTOK
ending
ITeeAc
913, ec.
week have been
tliis
The above totals show that the old Interior gt<^kH have
decreased during the week 438 bales, and are to-night 957
bales less tlian at the same period last year. The receipia at
the same towns liave been 1,451 bales more than the
week last year, and since Sept. 1 the receipts at all the towna
are 15,434 bales more than for the same time in 1888-89.
200
200
Aiuer. Corfu afloat for Europe.
251
007.000
4.900
6,000
124,000
3.000
48.000
3,000
3,000
Total East India,
Total American
U
.
?5S
1887-88.
1886-87
5,242,367
Tot. receipts from plantat'ns 5,815,578 5,50S,801 5,537,038
Net overland to August 1
891,6491 891,216
978,694
Southern consumpt^ to Aug. 1
493,000 470,000 435,000
5,217,563
788,880
391,000
Total in sight August 22
I
1888-89.
Hecelpts at the ports to A'g.22 5,819,059 5,510,909
Interior stocks on Aug. 22 In
excess of September 1
•3,480
*8,168
•24,804
7,200,227 0,870,017,0,951,332 6,397,443
Northern spinners takings to
00
August 22
- so <x ® (c CO CO w a X X X ci C5 ^ *j * -^
l,763,100,l,723,210,l,771,280|l,047,687
1*^
Decrease from September 1.
It will be seen by the above that the' increase in amount in sight
to-night, as compared with last year, is 324,210 bales, the excesa as
compared with 1887-88 is 248,893 bales and the gain over 18S6-87
reaches 802,784 bales.
*
mm;
9v- a> «id
.4
OD^
^Cfl
p:
f
^ ^ «^ OS -J M
•-•
I
«fk
'
—
Weather Reports by Telegraph. Reports to us to-night
by telegraph indicate a continuation of quite favorable
weather conditions at the Soutii. The plant, as a rule, is
doing well, and in some sections pisking and marketing are
OCOCO- H-iQOQO'XiCCOS;
f«OaC0l»>>«<
MCD
K#k
making rapid
-
MOCO- *»UtM»-O0SX
SiS
5,2
-1 -J »C Vt -^ ro cocoijo*^
K.
-^1 ifk
cc
V )^ ;d
MCO1^(0-
CPtOOCH
o;o^®c;<-jx
CXJCCPW^
ccffiw'^r.c
--•^
O'h-
23?
— tO^®t2X05-J^I^«tOC3 X**
xctc9x:c c;i(C>M7:acoio-^o:cDicc;()«>
X
•
QOgiW'
^
coca-
:
COM
cots-
progress.
—
Oalveston, Texas. It has rained on two days of the week,
the rainfall reaching eighty-eight hundredths o^ au inch.
Average thermometer 83, highest 90 and lowest 75.
Palestine, I'exas.
are having tine picking weather.
Rain has fallen on one day of the week to the extent of fortyone hundredths of an inch.
The thermometer has averaged
84, the highest being 94 and the lowest 71.
HuntsviUe. Texas.
There has been rain on one day of the
week, the precipitation reaching forty-two hundredths of an
— We
—
I-
K.: cox
o- n^s
inch.
The thermometer has averaged
^
xoae^^
•
I
Xr-QT© W*.0
03C:Cccff:i-»l
1889 flKures are for Palestine. 1 889 flmires are for Petersl>urg,VaLouisville in both years are " net.
h Tills year estimated.
ranging from 72 to
—
Picking is progressing rapidly. The week's
been thirty-five hundredths of an inch on two
days. The thermomet er has ranged from 76 to 100, averaging 88.
San Antonio. Iferos.— The weather has been dry all the
week. Average thermometer 84, highest 96, lowest 72.
Luling, Texas. There has been no rain all the week, and cotDallas, Texas.
rainfall has
ODro
83,
94.
—
,
THE CHRONICLE.
262
[Vol. LI,
—
India Cotton Movement from all Forts. The receipts
averbeing marketed rapidly. The thermometer has
and shipments of cotton at Bombay have been as follows for
73.
lowest
and
the
100,
being
highest
aged 86, the
the week and year, bringing the figures down to August 21.
Columbia, Texas.— We b&ve a good crop of cotton. Kam
BOMBAY RECEIPTS AND SHIPMENTS FOB FOUR TEARS.
has fallen on two days of fhe week to the extent of fortythree hundredths of an inch. The thermometer has averaged
Shipments sin^e Jan. 1.
Receipts.
Shipments this week.
86. ranging from 72 to 99.
. ^.
,
ContiGreat
This
Since
Ouero, Texas.— It has rained moderately on one day of the Tear Great Conti- Total. Britain
Total.
nent.
WeeJc.
Jan, 1.
JBrxVn. nent.
week, the rainfall being thirty-two hundredths of an mch,
to
and insufficient. The thermometer has ranged from 70
1890 3,000 4. COO 7,000 338,000 1023000 l.Siil.OOO 3,000 1,863.000
1889 2,000 1,000 3,000 359,000 8-29,000 1,188,000 5,000,1,691,000
102, averaging 86.
4.000 4,0001209,000 602.0001 811,000! 4.000 1,278,000
1888
We
rapidly.
Brenham, Texas.— Cotton is being marketed
1887
2,000 4.O00|361.000i652.0O0l 1,013,0001 3,000l 1,445,000
have had rain on two days of the week, the precipitation
reaching sixteen hundredths of an inch. Average thermomeAccording to the foregoing, Bombay appears to show
ter 84, highest 96 and lowest 72.
a decrease compared with last year in the week's receipts of
The ther- 2,000 bales and an increase in shipments of 4,000 bales, and
Belton, Texas.— Ho rain has fallen all the week.
and
the
being
100
highest
the
mometer has averaged 87,
the shipments since January 1 show an increase of 173,000 bales.
lowest 74.
The movement at Calcutta, Madras, and other India ports for
cotton,
to
benefit
of
great
rain,
Light
Tearas.—
Weatherford,
the last reported week and since the 1st of January, for two
has
thermometer
The
the
week.
of
day
on
one
fallen
has
"Other porta" cover Ceylon,
years, has been as follows.
ranged from 68 to 100, averaging 84.
Tuticorin. Kurrachee and Coconada.
l^w Orleans, Louisiana. It has rained on two days of the
Shipments since January 1.
week, the precipitation reaching forty-one hundredths of an
Shipm ntsfor th e week.
The thermometer has averaged 82.
inch.
Great
ContiGreat
Shreveport, Louisiana. Rainfall for the week twelve hunTotal.
Total.
Britain. Continent.
nenl.
Britain.
dredths of an inch. Average thermometer 81, highest 94,
Calcutta—
lowest 69.
24,000
100,000
1890
124.000
Columbus, Mississippi. The week's rainfall has been ninety33,000
44,000
1889
77,000
three hundredths of an inch. No caterpillars have appeared, Madras—
2R,000
but damage is claimed by boll worms.
10,000
6,000
10,000
34,000
1890
i',ooo
10,000
34,000
9,000
5,000
1889
39,000
Leland, Mississippi. The week's precipitation has been one
All
otUera—
80
from
67
inch. The thermometer has averaged
'4, ranging
6,000 19,000
61.000
12,000
42,000
1890
103,000
ton
is
.
—
—
!
'
—
—
to 98.
Vieksburg, Mississippi.
1889
— Telegram not received.
—
Tliere have been copious showers on
Little Mock, Arkansas.
two days of the week helping crops materially. The rainfall
reached ninety-two hundredths of an inch. While rain has
been ample here and to the northward, to the south damage
is accruing from drouglit, especially in uplands.
The thermometer has averaged 79, ranging from 68 to 90.
Selena, Arkansas. Cotton looks well and is beginning to
—
10,000
7,000
22,000
19,000
6,000
8,000
17,000
43,000
29,000
72,000
28,000
27,000
113.000
110,000
14?,000
78,000
261,000
188,000
Total all—
1890
1889
1
The above totals for the week show that the movement from
the ports other than Bombay is 1,000 bales more than the same
week last year. For the whole of India, therefore, -the total
shipments since January 1, 1890, and for the corresponding
periods of the two previous years, are as follows:
has rained on three days of the week, on two of
which heavy showers, the rainfall reaching one inch and
EXPORTS TO EUROPE FROM ALL INDIA.
surty-seven hundredths.
Memphis, Tennessee. We have had light rains on three
1890.
1889.
1888.
Shipments
days of the week, but the weather is now clear and cool. The
to all Europe
This
Since
This
Since
ThU
Since
precipitation reached fifty-nine hundredths of an inch. The
week.
Jan. 1.
iceek.
Jan. 1.
week.
Jan. 1
from —
crop outlook continues promising. Five new bales have ar7,000 1,361,000
3.000 1,188,000
4,000 811,000
rived to date. Average thermometer 80, highest 92, lowest 67. Bombiy
Nashville, Tennessee. There has been rain on four days of All otber porta. 28,000 261,000 27,0001 188.000 21.000 175,000
the week, the precipitation being one inch and sixteen hunTotal
35,00o!l.622,000 30,00o!l,376,000 25,000 986,000
dredths. The thermometer averaged 78, the highest being 91
AuiXANDRiA Receipts and Shipments.—Through arrangeand the lowest 64.
Mobile, Alabama. Crop reports are generally favorable, ments we have made with Messrs. Davies, Benachi & Co. of
and picking is making good progress. There has been rain on Liverpool and Alexandria, we now receive a weekly cable of
two days of the week, the precipitation reaching twenty-nine the movements of cotton at Alexandria, Egypt. The following
hundredths of an inch. The thermometer has averaged 81, are the receipts and shipments for the past week and for the
ranging from 72 to 89.
corresponding week of the previous two years.
Montgomery, Alabama.—We have had rain on three days of
Alexandria, Egypt,
the week, the rainfall reaching two inches and seventy-seven
1889-90.
1888-89.
1887-88.
Migust 2u.
hundredths. The thermometer has ranged from 66 to 93
Receipts (can tars*)
averaging 81.
This week
1,000
1,000
2.000
Selma, Alabama. Rain has fallen on one day of the week,
Since Sept. 1.
3,174,000
2,708,000
2,903,000
to the extent of twenty-five hundredths of an inch. Average
"
This
Since
This
Since
This
Since
thermometer 78, highest 89 and lowest 68.
week. Sept. 1. week. Sept. 1. week. Sept. 1.
Auburn, Alabama.— The week's precipitation has been
thirty-six hundredths of an inch. The thermometer has aver- Exports (bales)—
To Liverpool
aged 78-6, the highest being 84 and the lowest 69.
1.000,266,000
1,000 229,000 2,000 250,000
To Continent
1,000 160,000 1,000 161,000 1,000 163.000
Madison, Florida.—The weather has been fair all the week.
The thermometer has averaged 80, ranging from 67 to 95.
Total Europe
2,000 426,000 2,OOO!39O,0OO 3,000 413,000
Columbus, Georgia.— It has rained on two days of the week,
* A cantar is 98 pounds.
the rainfall reaching one inch and thirteen hundredths. The
This statement shows that the receipts for the week ending
thermometer has ranged from 70 to 89, averaging 82.
Savannah. Georgia. —R?Lin has fallen on five days of the Aug. 20 were 1,000 cantars and the shipments to all Europe
week to the extent of thirty-eight hundredths of an inch 2,000 bales.
Average thermometer 78, highest 90, lowest 68.
Manchester Market.— Our report received by cable to-night
Augusta, Oeorgia.— The weather has been warm and dry from Manchester states that the market is quiet for b^th yarns
during the week with light sprinkles on two days. Accounts and shirtings. The demand for both
India and China is
from the crop are less favorable, the continued rains followed improving. We give the prices
for to-day below, and leave
by hot sun having caused rust and shedding in some places those for previous weeks of
this and last year for comparison:
though prospects may be considered good. The thermonjeter
has averaged 80. the highest being 94 and the lowest 65
1890.
1889.
Charleston, South Carolina.— Rain has fallen on two
Cott'n
CoU'n
days
8I4 lbs.
32» Cop.
SU lbs.
of the week to the extent of one inch and seventy-flve
32«
Cop.
Hid.
JHd.
hunTwist.
Shirtings.
Twist.
Shirtings.
Upldt
Uplds
thermometer has averaged 80, ranging from 71
?
to oO
d.
d.
8.
d.
a.
d.
d.
a.
d.
d.
d.
d.
Stateburg, South Carolina.— It has rained on
81a »8ia„ 6 4i2®7 3l2
7'g »838
511
6%
two davs of J'lylS
••
6i«
the week the rainfall reaching thirty-three
25 858 «8''9 6 5 ®7 41a
7'8
11
WS^S
5
hundredths of an Auir.l
6I4
7T9 ®838
«7 4»a
85s ns-Tg
5 11
"^.
"
.T „® thermometer has ranged from 65.5 to 854 aver8 9H «8i-t|«
6>4
«7
6 'l6 7i5,gn8'ie 5 11
aging 75-2.
15 8=8 »8''8
a7
6%
SSH 6
§^'« 8
IVj/son, North CaroKna.— Telegram not
" 22131a »8%
658
«7
63e
8lift38»ie 6
received
The following statement we have also received by
telegranh
Memphis
First
Bale.—
crop
tlie
The first bale of cotton of
showing the height of the rivers at the points
named at 3 of 1890-91, grown in the Memphis district, was received at
o'clock AngiMt 21, 1890. and August 22. 1889
Memphis on August 18 by Messrs. Dillard & Coifin, from
Messrs. McCann & Houston, Pine Bluff, Arkansas. It classed
middling, weighed 375 pounds, and was sold by auction to
Messrs. Jones Bros. & Co. at 18 cents per pound. At the same
Kew Orleans
Above low-water mark
time another new bale, raised by Mr. Carroll Smith. Canton,
Above low-water iu.-»rk.
w "?' .1 '
washvllie
Above low-watermark
Miss., consigned to Messrs. C. P. Hunt & Co., was sold to
onrftTeport
Above low-watermark
Jones Bros & Co. at 15 cents per pound. This bale classed
Vle k»hnrit
Above low-water mark.
strict middling and weighed 482 pounds. The first bale arrived
Horn.— Beporu are now made tn feet and tenths
last year also on August 18.
open.
It
—
—
—
,
'
—
I
M
'
—
..
AracsT
•
23, 1890.]
HE
CHR('NlCi.E.
June IUtts, Baooino, &c.— Transactions in boKgina tlio
week have been of fairly satisfactory volume, mainly on
pnat
orders from the Hi)Uth. No changes are to be noted in prices,
which arc ni^c. for t'i pounds, 6c. for 1^4 pounds, 0%e. for 2
pounds and 1}^:. for st!ii\dard grades; b\u larRe lots miglit bo
A larxe quantity of damaged jute butts
l>ad at a concession.
from the warehouses iu Hr(H)klyn lias been disiiosed of this
week, but in sound material the dealings have been unimportyuot;itions to-uight are I'^c. for paper grades and 2e. for
ant.
iKigging i|unlity.
New North Cakolina Cotton.— Our
253
JLug. 1.
Aug. 23.
JLun. 15.
Auff. 8.
I
|
|
week
bale*
Of wbloh exporters took....
or which si>ecnlatoretook...
Sales American ................
tales of the
1.000
1,000
30.COO
2.000
Total ato"!:- Estimated
Of wDloh American— Estlm'd
Total Import of the week...,
....
Of which American
34.00<)|
9,000
59,000
afloat
Of which American
is.oooi
22.000
33.000
1.000
2,000
23,000
5.000
48.000
17,000
5,000
40.000
713.000
368.000
15.000
6,000
80,000
30,000
58,000'
745,OO0i
394.0001
Porwarded
correspondent at
2.1,000
2.000,
Actual export
Amount
4.'?,000
1,000
i6.6od
2.000
36,000
660,000
325,000
14,000
12,000
65,000
20,000
O-it.OOO
344.000
24.000
l.^.ooo|
60,000
20.0001
Norfolk. Va., informs us that the first two bales of new North
Carolina cotton arrived at Norfolk August 20, from Ooldsboro, N. C, consigned to Messrs. Vaughan & Barnes and
Rountree & Co. Thev graded strict middUng of fair staple,
well matured and good conditioned. This is 17 days earlier
tluin last season, and the earliest for a number of years.
The tone of the Liverpool market for spots and futures each
day of the week ending Aug. 22, and the daily closing prices
of spot cotton, have been as follows:
East India Crop.—From Messrs. Oaddum, Bythell & Co.'s
cotton report, dated Bombay, July 18, we have the following:
Tho reports from nearly all the districts are now satisfactory, the
Market, ( Not mncb
doing.
1:49 p. M.^
ralnj which have talleu diirltiK the pa?t week Uavlntc lieen most timely
ami scaaoniiblc. From Surat, however, there are Htlll complaints of
too much niln, though the eiirly p irt ot the week was s.itUoieaily dry
to allow of rc-eowing being carritd on.
The Bombay Prices Current of the same date
says:
advlcoa to hand on Monday stated that no
rain luwl fallen at Bewar in the Bengal ciroli>. nor at Wa(lw.in and
Bli.iwnuK.:cr In the Dhol era circle, since the middle of last week, and
At Br.itich, also, tliiTe had he
In those ilisl riots it was much needed.
no further rain, tiut to the advantage of the crop a lireak In the weather
having lieeu much needed. Cotton sowirgwae making good progress
at Agra; the plant.s were tlnurlshlng in the Oomniwuttco circle
generally, though thi'V rei|iilred uior.) rain at Barsee. In the DboUera
The
ottl'liU telegniplilo
sowing was completed at Viramgaum, and wns maBlug good
circle
(rregnlar.
Small
Doll.
6»«
6»8
MltLUpl'ds.
Sales
4peo.dk exp.
demand.
6^
«>*
«»IS
More
Doll.
Inquiry.
638
4,000
4,000
4.000
4,000
4,000
400
300
SCO
200
200
7.000
1,200
futures.
Market,
{
Market,
4 p. M.
Irrasular
at a
decline.
Basr.
1:45 p. M.{
m
progress at Olinllera itself, though oaly lie.?un at \Vadw.m. aud retarded in some parts ot Bhownugger owing to scanty rains. To-day"8
rciwrt states that rain was general over the Bewar dis! not aud in
other par 8 (.( the Bengal circle the plants were tlourlshlr.g, .as they
were also hrouijhout tiie Oo urawuttee circ'e. though at Barsee there
had been no further rain, and it was much needed; the same conylaiut
also coming from Dliulia. At Broach the weather was seasonalile. aud
the plan's \v, re flourishing. In tie DhoUera circle sowing was completed at Viraaigaiuu; but It was suspended in UhoUera itself owing to
the rain.
AKwrday Monday. Tut§day. W*an4i. TMSHwry. JWdoy.
tpot.
)
Bareir
Quiet.
steady.
Irregular
at a
Steady.
N'ar
weak N*r weuk,
and
irreg. dist. Kt'dy
at a dec.
decline.
at dec.
Steady.
N'ar eisy,
distant
Easy.
1
steady.
]
i
Steady,
1
1
The opening, highest, lowest and closing prices of futures at
Prices are on the
Liverpool for each day are given below.
b 'sisof Uplands, Low Middling clause, unless otherwise stated
Thus: 5 63 meant
The prims are gioen in pence and GUh.
5
ly
63-64(/., and 6 01 tne'ans 6 1-G4t/.
;
Sat.,
Aag. 16.
Hon., Kug. 18.
|
Taes.. Aag. 19.
i
I
d.
Parties desiring the circular in quantities, with
OCt-NOT.... 563
NOT.-Dec... 5 51
650
Dee..Jaa
should send in their
orders as soon as possible, to ensure early delivery.
—
Shipping News. ^The exports of cotton from the Unitec
States the past week, as per latest mail returns, have reacheo
4,098 bales. So far as the Southern ports are concerned, these
»re the same exports reported by telegraph and published in
.
5 50
Feb.-March. 5 61
Mch.-Aprll.. 552
100
TVW
4,098
The particulars of these shipments, arranged in our usual
form, are as follows:
Havre.
Liverpool.
New York
New Orleans
28
2,»26
1,144
Boston
100
Total
Total.
2,854
1,144
AKur.
Ifon.
Liverpool, stHam d.
fUM.
ffcdnw.! Thurt.
#y»
'33
late dell v'y.rf.
Havre, steam
e.
sail
H9'xtWs^h
Ha^ifl
ka'is
e.
•i»
'IS
hi'
indirect. c.
133ja''i(
via Indlreot.c.
Ajsifd'm.steam.e.
Do
45*
45*
45*
45*
45*
45*
Indirect. .<«.
Baval. steam ....d. lSe4a7,j tSj^^aT. j iSa^^Tjj is^j^ig. 13g4-a732
"<!4®''3J
Do saU
d.\
Baroelona.steam d.l
Oenoa, steam.. .<(.'
Trieste, steam... d.|
Antwerp, steam d.l
•
d.
d.
j
6 32
6 32
5 63
5 54
5 52
5 81
5 51
5 52
6 32
1
8 31
6 32
632 632
5 62
5 53
6 61
5 63
654
562
i
1
d.
rt.
j
6 32
1
8 27
6 26 61
5 52
5 51
6 27
5 61
6 52
6 61
6 28
6 62
5 63
6 51
!
1
1
1
5 51
6 62
6 53
5 60
5 50
5 51
6 52
6 53
5 51
6 62
6 61
:
i
1
^
5 50
5 51
5 52
5 53
d.
;
!
628
8 24
8 28
5 62
5 53
5 51
6 50
5 50
6 24
6 51
5 62
6 54
560
5 52
<
'
656 566 655 6 66
i
5 60
5 19
19
50
51
53
6 61
6
5
5
6
,
1
J
6 21
6 21
5 61
5 52
5 51
5 50
5 60
5 51
5 52
6 53
6 66
,
6
6
5
5
6
5
23
23
80
52
30
19
19
60
51
63
61
>
,
1
5
5
5
5
5
Clot.
d.
827
623
623
560
562
5 61
650
650
6 51
552
653
556
I
1
!
>
1
w<3d.. Ang.
d.
1
628 628 827
6 32
550 6 61| 560,650530,
6 60
5 51
6 52
d.
i
6 31
627628
,
d.
1
Than.. Anz.
to.
Fri.,
i*l. ^
Aug. a».
1
Op«l
Low.
Clot.
d.
A.
Opf n in»h Low.
d.
d.
626
6 26
6 23
6 23
624
620 621
620 6 21
6 25 6 25
6 22
September.. 8 23
3cpt.J)ct...
560
5 61
5139
580 560
Oct..NoT....
5 52
5 53
5 62
SoT..Deo... 5 60
Dec..Jan.... 5 40
Jan.-Feb.... 5 49
Keb.-March. 550
Mch.-Aprtl.. 5 52
Aprtl-May.. 553
May-June... 556
5 51
5 50
5 59
5 51
5 50
5 52
6 50
5 49
August
Attg.-Sept..
5
d.
8 24
550
519 549
50 5 49 549
5 51
5 52
5 50
6 51
1
6 21
6 21
1
8-22
i
8 22
6 52
1
d.
d.
d.
j
d.
823,623, 817 617 617
8 20
614 615 611
8 20
611 615 614
6 20
6 20
5 69
5 52
5 50
5 49
5 49
5 50
'
i
5 59
;
6 57
5 57
5 50
5 68
5 48
5 49
5 48
6 49
548
6 61 550
519 550 6 49
5 62
d.
817
815
815
558
5 51
563
561
6 50
6 62
!
6 51
6 63
'
'
5
5
5
5
50
49
49
50
:
6 48
'
'
1
1
CTIos.
552 1552! 6 31 5 51 6 51
553 551 5 53 664! 662 663 5 62
565 6 66 565 665i 563 561 553
1
5 52
Lout,
Gloi.
1
519'550 619
1
'
rt.
680
519
619
860
;
5 51
5 50
548 550
5 30
554 563 5 53
565 564 566
d.
1
8 61
Per 100
B R E A
E)
S
T U F
F s.
Frioat, p. M., Angnat 22, 1890.
There has been a strong market for flour, with moierate
and small stocks here of all kinds. Exporters
have held aloof as much as possible, but the home trade
has purchased to a fair extent at advancing prices.
Mills are not sending much flour here, ae some other Anerican markets are paying prices above the New York quotations.
The rise in wheat gave holders considerable confidence, but latterly the reaction in that cereal has caused some
irregularity in prices of flour. There has been only a moderate business either in flour or corn meal. The latter has been
firm.
To-day flour was very strong, owing to a further ad- ^
vance in wheat, but transactions were to a great extent
checked by the smallness of stocks and the firmness of
receipts
holders.
Hamborg, st«am.<;.|i332a'',giSj3»7,g'is^37,g 133,^7,8 HjjaT,,
Do
H^i,,
e.
Bremen, steam..
Do
j
4.070
Octton freights the past week have been as follows:
Do
d.
Open HiQK Low.
CTo».
100
28
4,098
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dales:
Nbw Orleams—To Liverpool— August 19—Steamer Discoverer, 3,000.
Boston— To Halifax— August Iti— steamer Halifax. 50.
<«
Baltixobb— To Liverpool— Aiigast «— Steamor Alexander Elder, 906
August l2-3teamer Carthag niau. 100.
Do
1
553
April-May.. 654 554
May June... 556 556 656 556
"~
Ngw York—To
75
I
Jan.-Feb....
the Chronicle last Friday. With regard to New York wt
include the manifests of all vessels cleared up to Thursday.
rofai bale*
Liverpool, per steamers City ot New Yoik,
1.477 ...Etrarla, 44.') ...Teutonic, 500....Wiicon!fin, 404
2,826
To Havre, per steamer La Champagne, 28
2S
New Orleans—To Liverpool, per steamers Bernard Hall. 415
Couusfllor, 72H
1,144
BOSTOS- To Liverpool, per steamers Catalonia, 25
Palestine,
d.
635 esi! 635 635
August
e 82
Ang.-Sept
September.. 6 32
Sept..Oct... 5 62
their btisiness card printed thereon,
1
1
1
1
mi*' Low.\ Ctm. Op«i HIjk tow.
Open]
Cotton Crop Circular.— Our annual Cotton Crop Review
will be ready in circular form about Thursday, the 11th of
September.
f
1
....
»»a
l'«4
»s»
15j4
«3S
»32
s
»S
"3*
".•12
Iba.
LiTKKPOOL.— By cable frjm Liverpool we have the following
statement of the week's sales, stocks,
Ac,
at that port.
Wheat rose rapidly for a time, owing to the covering
by foreign houses, hijiher European markets, reports of frost
at the Northwest, wet weather in England, liberal clearances
from the Atlantic seaboard, advancing silver, and good
•'
long " buying here and at the West. L iter came a downward turn, owing to the cessation of foreign buying to cover
shorts, a sharp advance in money, some weakness in silver,
reports that Russian wheat could be imported to advantage
here but for the high duty, and reports moreover that 55,000
bushels of American wheat had been ordered back from
Europe to Baltimore, not to mention warmer weather at the
Northwest, where some had professed to expect a frost.
Little
or no business has been done in the actual
wheat
for
export,
and
the
clearances
are
ot
old
.
THE
2o4
[Vol. LI.
CHRONlCLii.
The receipts of flour and gram at the seaboard ports for the
taken
though steamship companies have
ended Aug. 16, 1890, follow:
week
^° °'^®^
K*specuUt.on
Jome wheat free of charge and have acceptedfair
Rye,
Barley,
Oali,
Corn,
Wheat,
Flour,
a
bush.
bush.
bush.
bugh.
bush.
shipmente to Liverpool. To-day there was
bbtt.
At—
Manitoba
in
frost
of
74,197 254,400 292,S00 204,000 10,000 18,500
Sew York
at a decided advance, owing to reports
57,870
......
90,990
favorable
1,200
34,144
Boston
and a reduced crop there, as well as less
"^^^^J^^
3 7,527
1,500
33.398
56.126
ot
21,309
buying
Montreal
foreign
some
......
abroad, stronger foreign markets,
73,725
30,930
87.542
11,189
market on the Pblladelplila..
97,350
5,361
options and considerable local covering. The
103,873 503,518 145.380
Baltimore
freight
cost,
13.366
103,
25,390
sold
at
20.111
Milwaukee
3.322
Klchmoiid ....
sSot was quiet. No. 2
16,403
5,045
clearances
60,026
aid insurance, for Liverpool via Boston Large place early SewOrlean*.. 15,214
took
which
to-day
public
made
from this port were
263.218 982.923 623.933 480.241 11.500 23,861
week
Total
smce then.
1,900^41,060
Oor? week -eg. 279,889 1,980,065 1,733,302 949,024
in June, and which had been suppressed
WHBAT
the several seaboard ports for the week
BAILT OLOMKO PWOT8 OF «0. 2 EBD wmTBB
from
exports
The
Fri.
Mm. TueM. Wed. Thurt 109
StU.
eadinK August 16, 1890, are shown in the annexed statement:
\\0\ 108 »e 107%
Beptember delivery ....o. lOT^t 107
109^8
108»8
10938
110«i
1071a
0. 107%
October delivery
tatporu
108i« 111=8 llOie 109 »8 110%
Peas.
By*.
OaU.
riour.
Com,
Wheat.
o. lOSJ*
Noveuibvr delivery
hrom—
lll'e
purchases,
December delivery
o.
0.
o.
Jaiiimry delivery
109
109>4
110>e
113>4
10978
112'«
IIII4
113%
112H
llOij
iim
1127e
116\ IIS^ 114% 116
113
May deUvery
advance,
Icdian corn has been active on speculation, at an
and partly in
partly owing to reports of frost at the West
covering
response to the rise in wheat, while considerable
lliere
has also contributed to the strength of the market,
was a reaction downward later on, in sympathy with a setback to wheat, more favorable weather advices and "long
Toere has been very little export business, owing to
selling.
of
the recent advance, and it is even stated that 32,000 bushels
Bush
Bbls.
240.713;
56,898,
38,250
18,233
124,056
13,605|
PUladel.
45,666,
83.254'
Baltlm're
424,555,
190,!)39,
Orrns.
109,500
51,825!
25.000,
69,236,
374I
1,143,
Totweek. 1,045,504
694,295j
154,462^
tfewYork
362,437
Boston...
Portland.
Montreal.
S.
24,9561
I
Bush.
50
Bush.
16,868,
Busk.
1,000
I
S.lTewB.
siolun'd
16,632
13,621
50.
16,863
17,632
American com have been ordered back from Antwerp to B'me time 957.502 1,594,913 176.329
42,46ll
16,743
24,637
New York as the more profitable market. To-day there was 1889...
The visible supply of grain, comprising the stocks in granary
an advance, due to colder weather at the West and sjme
%t the principal points of accumulation at lake and seaboard
fears of frost. Only 16,000 bushels were taken for export.
ports, and in transit by water, August 16, 1890:
ixkiLT aiasaia pbiobs or mo. z icxbi) oobm.
Fri.
Barley,
Thurt.
Oats,
Wed.
Com,
Wheat,
Hon. Tuts.
Sal.
btuh.
bush.
b%uk,
bush.
bruh,
56%
54%
SSJa
In store at—
55^
SSJa
8ei>t«mberdeUvery....o. 55^8
4,4-63
13,670
56%
56% New York
823.703 1,221,294 298,316
5513
56%
0. 56>«
56^
October delivery
33,200
57%
57%
57%
16,000
57
56%
57j8
0.
Do afloat..
Deoenibe:- delivery
30,000
593e Albany
35,000
5938
20,000
58%
58
58%
_
May deUvery.. ...... ..0. 59
28.455
64,190
48,705
866,246
455,878
BoflUo
corn.
and
with
wheat
down
and
Oats have moved up
20.025
4,3*1.729 3,695,670 593.413 250,215
Chicago.
have
on
the
spot
while
oats
advance
net
made
a
76,633
3,226
66,173
Options have
7,782
183.373
MUwankee
have
100
however
16,085
crop
oats
682,001
New
Dalnth
steady.
comparatively
been
36
37.295
34,992
',475
1,507,551
been arriving more freely and they have declined. There has Toledo
3.366
4,t63
72,274
2,468
570,013
Detroit
To-day the market was firm but quiet. Oswego
been a fair business.
130,000
10,000
40,000
41%
OF HO. 2 lOXBl) OJlTI
Wed. Thurs.
Tuet.
Hon.
4214
41^4
42^4
42
41'4
40''8
DAII.T OIiOOIIlO FBI0S8
Sal.
September delivery
October delivery
c.
c.
Rye has advanced
41%
Fri,
42^4
41Sg
41%
41 "4
in response to the rise in other cereals, but
very little business has b^n done. The closing was strong
but quiet. Malt was in fair demand and firm to day with
two rowed State 70c., cotmtry made Canada 85c.; city do. 90c.
closing quotations for wheat flour in
(Corresponding grades in sacks sell slightly below
The following are
barrels.
these figures):
FI>01TB.
»
Fine
95 609«5 90
$2 50»$3 00 Patent, winter
3 10» 3 80 aty shipping, extras. 5 15» 5 25
3 75*4 00 Kyetloor, superfine.. 3 509 4 00
Fine
2 50S 3 00
4 25» 4 70
4 763 5 10 Com mealWestern, &o
2 759 3 00
5 25a 5 50
Brandywlne
3 253 3 30
6 78» 6 50
bbl.
Buperflne
Eitra, No. 2
Extra, No. 1
Cleari!
Biraigbts
Patent, spring
Vbeat—
Com, per bush.—
St. Louis
Claolnnatl
Boston.
Toronto
Montreal
Philadelphia
Peoria.
Indianapolis
Baltimore
Minneapolis
On
Mississippi...
On Lakes
On canal & river.
Tot.
Tot.
Tot.
Tot.
Tot.
'
Aug.
Aug.
Aug.
Aug.
Aug
16,'90.
9."90.
17,'89.
18,'88.
20,"87.
2,558,857 1,372,056
10,000
38,072
28,286
64,866
66,842
93,354
121,075
188,044
5,861
3,473
1,600
294,006
70,810
809,653
4,330,145
13,779
11,356
795,488 1,545,104
69 -',000
697,600
122.818
15.000
124,587
"5,0l'2
3,000
123
"7,06b
926
765
"486
15,402
34,437
13,200
150
12,342
401
109,015
93,740
140.757
4.000
47,510
16,607
36,100
415,645
48,900
18,453,780 10,037,069 2,264,103
18,490,492 11,103,270 2,259.713
14,220.534 8,027,060 4,998,240
26,263.305 8,239.741 1,573,432
31,998,593 6.103,143 4.43 7,001
Toronto— Last week's stocks
;
46,'80'd
503,581
483.196
857,.580
195,863
300,586
355,827
362,559
356,061
146,501
153,486
holiday there.
THE DRY GOODS
TRADE.
West'u mixed
54 • S6
Wesfn mixed No.2. 65% » 56
« ....
M.. AuRUst 22, 1890.
Friday
P.
»BW
YOBE.
Western yellow
58 • 59
108 «109
Western white
57 • 59
90 • 110
and active the
buoyant
goods
was
The
jobbing
trade
in
dry
110 • 115
Oat9-Mlxed..f bu. 41 a 44
White
White
44 • 53
Byepast week, considerably more than an average business in all
No. 2 mixed
Western, per bosb.. 64 • 67
43%9 44%
departments having been transacted by such jobbers as keep
No. 2 white
State and Jersey .. 64 • 68
44 • 45
market
is
movement
of
breadstuSs
indicated
The
to
in the abreast with the times. Retailers from all parts of the coun0.
0.
110 • 120
Spring, per bosti
Spring No. 2
Bed winter No. 2..
Bed winter
.
Itatement below, prepared by us from the fig^es of the Ne-w
7ork Produce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the com
I»rative movement for the week ending August 16, 1890, and
ince August 1, for each of the last three years:
wcipU
ot-
Whtat.
rimsr.
Corn.
Barln.
OatM.
By,.
Bbls.itmu BusK90a» Busiijsen, BusKSitbt BlM^.48UM flu.S«lb,
Ohlewo
MUmnkss...
75.068
8S.848
486.216
107.712
Dolsth
8a,4W
89,8781
1,282
148.750
468.371
Mlnnskpoll*.
Volwlo
Detroit..
.
.
OlSTsland.
Bt-LoaU....,
PsorUi
.
Tocwt-Wl.
Bun*
iuis
•k.-SR.
wk.-as.
2.966
8,0S3
87.257
S.300
292.436
a7,800
574.986
83.000
1.694.154
1,620,108
39.83S
51,661
18,030
62,000
90,930
13.34U
16,574
..
.
.
221.933
21.139
..
...
8,334
16.5^8
14.960
91,214
45,475
2,383
700
458.285
187.200
320.586
4ul,000
1,200
1,650
7H.352
1.677
)M)»,826
1.236.149
2,611.096
2,630.395
131,173
194,767
«60.8?4
2.98».«73
^951,447
2,558.291
29,122
88,642
8,223.089
1,882.604
1.628,059
29,761
110,770
mnceAut.1.
laao
IMS
894.880
810.429
4,881.029
5.076.694
4.736,622
2.883,747
6342.082
239,5il
65,H22
161,858
6,003.286
4f«.4ec
e.7so.8;s
8.508.116
8.737,182
40,102
181,014
Below are the rail shipments
ports for four years:
_
1883.
WeeJe
Aug. 16.
247,177
Week
Aug. 17.
193,t87
Aug. 18.
298,806
636,791
881.357
1,562,933
30,262
28.707
1,030,067
9,712
21,670
....8.140,050
1.801,397
bbls.
Wheat
bush.
Com
0»«»
gartey
»»•
Xotal
..,
from Western lake and
1890.
'.oor
183,703
1888.
603,418
258.630
river
1887.
Week
Aug. 20.
2i0,324
388,942
376,746
761.783
38,601
20,0:t3
1.541.673
1,585,155
try were largely represented in the market, and while their
purchases for the coming fall trade were quite liberal, there
tendency towards speculatijn in any parThe commission houses were able to
report a somewhat freer demand by package buyers on the
spot, and re-orders by mail an 1 wire were numerous enough
to show that reserve stocks in the hands of interior "jobbers
have been reduced to the replenishing point. Business in
nearly all sorts of domestic goods was fully up to expectations, but the uncertainty regarding tariff legislation was a
somewhat serious birrier to transactions in imported goods.
Aside from a very slight drop in print cloths, values of both
domestic and foreign goo is are steadily maintained.
Domestic Woolen Goods. There was a good deal of
irregularity in the demand for men's- wear woolens, and the
volume of business was barely up to expectations. In lightweight clothing woolens there was more relative activity in
worsted suitings and trouserings thin in spring cassim.-res,
though some fair sized orders were placed for the latter.
was not the
least
ticular class or fabrics.
—
Serge suitings, also indigo-blue flannel suitings, continued in
fair requ'-st by clothiers, and leading makes are well sold up.
Overc .atings and other heavy clothing woolens were in fair
demandj and there was a steady movement in some descriptions on account ot back orders. Cloakings, stockinets and
Jersey cloths were in light demand by the manufacturing
trade, and th»re was a moderate business in satinets and doeskin jeans. Flannels, blankets, dress goods, carpets, shawls
and wool skirts were freely distributed by jobbers, and a
steady hand -to mouth demtnd for these goods was e.xperienced by the commijsioa houses. Prices for nearly all descriptions of woolen goods remain steady and unchanged.
DoMBSTio Cotton Goods.—The exports of cotton goods
from this port for the week ending Aug. 19 were 3,744
"
—
:
AuoCiT
23,
THE CHRONICIJI
18W.J
packaKes, valued at f 136,705, their deetination being to thr
points speoiiied in the table below:
1889.
1890.
New York
to Auo.
19.
Week. Since Jan. 1
270
Great Britain
Other Euroi>ean....
48
1,774
Ctilna
India...
"206
Arabia
13
117
Afrloa. ........... ...
Wtwt Indies.. ..J....
Mexico
27
112
190
33
C<intral America....
South Anierloa
Other ruuntrles
,
Total
dilna, via Vancouver..
,
*
Total
*
4.051
1.191
27.764
2,098
7,087
4,242
8,855
1,194
Wttk. Stnet Jan.
107
17
S3
" "2
102
31
94
023
93
ImportXIona of Dry 0«*4s.
The importations
of dry goods at this port for the week
ending Aug. 21, 1890, and since Jan. 1, and the same facta
for the correepondiog periods of last year are as follows:
s
6,679
1,278
31,764
4.111
3.889
3,658
9,680
2.451
3.904
1,316
3,02a
17,176
1,918
I.
255
P
5? s*
E?
r*
^
a
o
B
9
^
11:
i:
o
I
I
.
*
I
•
as
7
?
2.5,175
1,878
2,744
78.604
35,303
2,439
S4.467
33.926
2,744
113,907
2,439
128,393
COOP
tJMM
p
OOM
<1
MOJ
since
January
1
a
have
180,000
o
Foreign Dry Goods.— There was a moderately active bueiness in foreign goods in jobbing circles, but the demand at
first hands was disappointing, the impending tariff legislation having caused buyers to pursue a cautious hand- to- mouth
policy.
Importing jobbers are quite willing to dispose of
some cases the regular
their stocks at present prices, but
importers are holding for higher figures, which they will
probably be able to obtain in the event of the passage of the
proposed
North
Crenshaw
16
Co.
Ins.
OP
dc
BLAGDEN,
P.
COraiHISSlON
Members of the Cotton,
Manager.
WASS, General Agent.
W. R. ECKER, Assistant Gen.
H. M. JACKSON, Secretary.
Agent.
WILLIAM
tOODMQta
OODCO-q*-*
M'lwli-io
W*kM*.0
00
OD
rs
Kl
«
n
2
00 OS
130.478
26,572 88,805
350.345
92.948
OOD
CO
05 00
00 to
wto
oou
13.342 13,262 12,866 29,778
M
UAtoeooo
-lai
<lt3
,M
M U
OS
w 00
KXiU^M
^w
M tote *.-aa>MO
MO
a
t09»I^U
M MO tOpi^OCO
<1
C-1
M*WWM
a*
Ur'
M
ooto
^
p."
I
^ '^ as to
Qotou:oi^
CD ?;••» to o&
Mcotoc^oa
«OMif^aT-a
I?
MtO^Wi^
CS to
ifv
to
X
si
Ct:0JXO<l'ilB
to^b'x'o
SI
•uo»a»M
»o OMMMtO
o 00 to QO*.MMO>
*"
uo
<ICIUW
w
M UIO OStCOMOO
»»
o
OS
$
jf>.
103,524
MM WW O
>uo(opos
O -q a< Sa ».
«»00MO00
MM«-»tO
00 »0
H'Ox'LiHt
fOCDtC-tO
GOX-'ODOeB
«0 V' *3 cs
Vy«
x^
M"Iob»ytco
w
-w
NEWARK,
President.
29
and Mass. Standard)..
41.f2iS.8v8 26
Sorplns
Borplns, by former N. Y. Standard,
(Am. Ex. 1!^ per cent Reserve)
3.108,333 03
POiaCIEB ABSOLUTKLY
8,836.035 03
NON-FOKFKITABU AVTSB
HKCOXD YEAR.
OFLAPSK the Policy Is CO NTXNtTBD IN roRCS
long as
value will
M
P«W-np policy fonts
Its
pay for: or. If preferred, a
full value Is Issued In eichanKe.
After tne second fear Policies are incontestable,
except as a«alnst Intentloral fraud ai^A ail reatric;
tiont OS to residrnce. trai'W or occupation
an
Cash loans are made to the extent of
of the reaerre Talne,
renwved.
90 per cent
where valid assignments of the
poiidee can be made as collateral seanr,cj.
liOSSKS paid Immediately apon completion and ap*
proval of proofs.
UNION MUTUAL
Insurance Company
PORTLAND, MAINE.
INCORPOHATED
JOHN
E.
DE WITT,
1848.
President.
It* plans are varipA
andadaptt^i to all ctrcumttance».
nothinif In Life Insuranoe wblch It does
not furniah choiiply. profitably and lnt«lllKlblj.
8end to the forapany's Home uffice. Portland. He.
or any nf its Auents for publications desoriblnK Its
is
MAINK LAW CO.NVEHTIBLK POLICY, CLASS
Its 7 PKK CKNT OUAKANIKKb BOND
"A," or
POLICY, CLASS "A." and other Forma o! /load
^^icws" alio for pumphlet explanatory of the
JIaifis Non-FoTleitan L<mw, and for Ust of oUilmi
nld thereandar.
HERCBANTS,
Coffee
and Prodaoe
Sxolr'i
AGKNCT OF
or
CO.,
Standard Brands of Flour for Shipment to
Climates always on hand.
OBIEMT MANUFAfTURINft
ORIKNT.
L.
High Grade
CO..
from Arsenic.
Bliss, Fabyan
Co.,
EW YORK, BOSTON, PHILADELPHIA
8ELLINO AQIKTS FOR LXADINO BRANDS
BROWN
and BLEACHED SHIRTIMe
and HHEETING8,'
PRINTS. DENIMS, TICKS, DUCKS, &0.
Tjwele, Qnllte, White G*oda and HoaUry
Drillt, SMetinii$. de., for F^evort Trade.
Provident Life
&
Triist Co.
OF PHILADELPHIA.
Incorporated Third Ho..
iS8d.
1865
(CHARTER PERPETUAL
CAPITAL
)
Si, 000.000
ASSETS, $24,3;;3,625 08
INSURES LIVKS, GRANTS ANNUITIES, RECEIVES MONEY ON DEPOSIT, returnable on
demand, or on which Interest Is allowed, and Is
empowered bv law to net as EXECUTOR, ADMIN.
ISTRATOH, TRUSTKK, GUARDIAN, ASSIGNEE
COMMITTEE, KKCKIVBR, AGENT, etc., /-or the
faithful performance of which Its capital and
surplus fund furnish ample security.
All trust funds and Investments are kept separate
and apart from the assets of the company
The Income of parties residing abroad carefal
collected and duly remitted.
SAM'L, R. SHIPLEY, President.
T. W18TAR BROWN. Vice-President.
ASA S. WING, Vice-President and Aotnarv
Augustus Floyd,
42
by the Publisliers o( tlie
Commercial & Financial, Ciisokiclb.)
oontFnts.
Wun
I.
Pyrites, free
Railroad Securities.
(Issued Semi- Annually
&
N. J.
Aueu (Market Valaea). Jan. 1. 1890....|45,236,g<!.S
Liabilities (N.V.
Wisner,
OF VIRGINIA.
ST., N. Y.
AMZI DODD,
&
^uMijcatitftts,
SULFUUB MIKES COMPANY
The Mutual Benefit
LIFE INSURANCE CO.,
There
tCCdOtS^
ua Mh-C0t0^.q
MO
M *, 0; <i 00
MOl ^oy<w©
Standard BoperphosphAtes.
BRANCH OFFICE,
U. S.
Life
isV
coo
•-a
RICHMOND. VA.
R. H.
ISr CASS
posiojoea
tsto
THE HAXALL CRENSHAW
FRANCIS, Assistant Manager
A.
No. 54
CM
18 ExcIianK* Place, Netv Torll
LONDON AND EDINBURGH.
WM.
«to
ato
ro
(£iO%nmcvcinX.
British
Mercantile
SAM.
<-.D
tariff.
%nsuv^uct.
&
to cc lU
f-*
toro«oiF-o
12,0C0
m
C^t'-'XMO
CCM
ment in the demand for staple cotton goods, re-orders from
interior markets having been more numerous than for some
time past. The jobbing trade in plain and colored cottons
was quite active, and a good package business was done by a
few of the large jobbers. Prices of staple cottons ruled firm
all along the line, save in the case of print cloths, which were
a trifle easier. Dark ginghams and prints were fairly active
in demand, and prices remain firm because of the small
stocks on hand. Print cloths were sluggish and closed easier
at 8 6- 16c, less }{ per cent, for 64x64s, and 2J^c for 56x60s,
1890.
1889.
1388.
A'lg.lS.
Aug. 17.
Aug. IS.
StoeK of Print Cloth*—
466,000
170,000
12,000
Held by Provldenoe manarere
146,000
10,000
Pall River manufacturer*
None.
None.
None.
Pro \fldenoe speculators
None.
None.
6,000
None.
OatBlde speculators (est)
618,000
§2S*2*S
via
been |4.414,778 in 1890. against |5,6U,759 in 1888.
The commission houses experienced a considerable improve-
Total stock (pieces)
g
u
From New Ensland nlU points direct.
The value of the New York exports
MMMtO
SIUUMOD
PINE BTREBT,
INTESTnENT dEClIRITIES.
Railroad Securities.—
A DESCRIPTION- OF THE STOCKS JUTD BO!n>g
AND A Statement op the Income for
four yearn past, as woU as the annual
charges a.saln8t Inooino, of
Railroads
all
whoBt. securities are commonly sold in the
markets of New York, Boston, Pulladelphla
and Baltimore.
Highest and Lowest Prices, Monthly.—
Railroad Bonds and Stocks in New Yokk
—For the year iab9 and to July In 1890.
Railroad Bonds and Stocks in Boston—
For the
re.ar
18S9 and to
.iuly in 1890.
RAILROAD Bonds and STOcira in PhiladeI/PHLA— For the year 1889 and to July In
1890.
Railroad Bonds and Stocks in Baltimoki
—For the year 1889 and to July In 1890.
Ten Tear Range of Prices
Yearly Range of Active Stocks— Date at
highest and lowest prices made in the yean
If 81 to 1889, Inclusive, and to July
1890.
DlTldends.—
Dividends on Railroad Stocks
1,
In
sold at
New
York. Boston,
Exchanges In
Phila(lcli)hia and Baltiiuore, paid during
eai^h of the years. 1881 to 1839, Inolaslve,
and to July in 1890.
the
Bailroad Earnings.—
Oboss and Net Earsinos
to latest dat*
comparison with the oorraa.
ponding periods of 1889.
In 1890. In
$1 00
Price in Bed Leather Corers,
7t
To Subscribers of the Chronicl«,
•
WILLIAM
B.
DANA *
•
CO.,
103 IVlUlaBi Street. Neir Vork.'B
.
1;
^
:
.
THE CHRONICLE.
2f6
IVOL. LI.
|1tt a stele's
p[:astn;'s ^alc.
Surveys
IHASTER'S SALE.
27.-0
L. B. Fis:
CompIaliuuitB,
Xkzas h
•t
vs.
Lons Railway Cohpakt In
St.
Texi>:
'I
i
IN PECOS COUNTY.
Bnrreys No. 1 1. W. 27, ». 1, S, 5. 16.
n. ae, si. 33. SS, in b ock 131
Murreys n'o. 3, 6,7,9, 11. 1.15,
Surreys No.
7, 9, 17, 19,
17, IS, In
bloc*
i8,«6,«,SS,S6. inblicil27.
.,„„,„.„
Surreys Ko. 1. 3. 5, 7, 9, II, IS, 15, 17, 19, 21, 25. 2
S7. 29. 81. 35. 33. In b rck 130.
SurVets Ao. 1, 3, 6, 7, B, 11, IS, 15, 17, 19, SI, 23.
1, 8, 7. 9. 3, 11, 13, 16, 17, 19, 21, 23,
87, 29, 81, 83, t8. In block 23.1.
Survey No. 1, 3, a"), 6, 5, 7, 9, 11, 18, 15,17, 19,
;
Ml,
Survey No.
,
MILLS COUNTY.
Survey No.
Section No.
Section No.
located by virtue of certiflcate No.
6,
located by virtue of certiflcate No.
7,
located by virtue of oerliflcate No.
8. 6, 7. 9.
7, 1.
In block VW.
>•, f>,
/Al.
Survey No.
1,
"AWNING"
151,153,
KERR AND BANDERA COUNTIES.
1,729, located
1.660.
.
.
m
.
No
8. 9. 7. 11, 5. 13, 16, 1, In block £49.
Survey No. 9, In block 237.
Surveys No. 8. 5, 7, 9, 11; 13, 1, In block 250.
19. In bloclr. 219.
5?.
hiccv 'iw.
"
BBEWSTBR COUNTT.
27, 29.
in
K.
block 201.
''•"'''• ''•''• "'• "•
1 5, ir,
. »
.
19
i".
*•
Supers No. 51, ia. ite, 57, 59, 8i; 88 M?
e7
«••
«••
23 83
«,
.ej.
81^81, 33, 85, 21,9, in block 211.
Surveys No. 1.8,5,7,9. i;. 1.3. 16 in block 212
«?^VK^"„: "•
87, 29. SI, 88, 35. in
69
'
71
•'<<"•
11, 16, 17, IB, 21, 23, 26.
block 21".
27. 86. 2S, 21. :9, 7. 11, 9, 18, 16, 17 81,
KB. li block 217.
7. [. II, 18, 16. 9. 17, 7, 1, in block aiR
6. 7, 9, 1 1. 18, 16, i7. i. < 19, -.i. ^^^ ^.^
16. In hinolt 91'
Sorveys No.
SSU'" No.
^burve/s
No.
'1'
—
9, 11, is, 18, 17, IB,
If
•>'
21 8?
18 45 17 49
P. ~,
'. '*.
o
ii
}:i^ i,^^
Mock
S.
Section No.
Section No.
3, 6. 7,
1, 3, 5,
„,
L
^°'
1
si£"""
"'
——
'
—
leed.
Jlr.
Shoppeli's publications are as
follows
jy,^
* Portfolio of Sl.O'O nouses, 30 iksiens,
$3 00
EO
800
30
200
80
200
38
200
85
200
80
200
30
2 00
28
200
22
200
21
200
'
Stables
19
200
Portfolio contains designs that cost as
1,500
2.000
2,500
8.000
8,500
4.000
5.000
6,000
7.600
10,000
In block 247
in block a46.
of certiflcate No.
'°™'*"' '>yl"toe of certiflcate No.
JEFF DAYIS COUNTY [LOCATIONS.]
Sections No.87 88,91 3 9.5, 97 99,11, 13, 15, 17,
19,
"'•''•^"•".^''.Sl. 83, 8;, lu
b?ock224
Sect ions So. 7, 9, in block 216.
i
'
start right.
Fhoult! I>o an examin,-ition of Mr.
ecllectitin of designs that are artistic, practical and reliable. The estimates arc Ruaran-
HAMILTON AND MILLS COUNTIES,
^tlon No. 7, located by virtue
Ton
The first step
'
^;^^7=r;
fenoppelrs building desipns— tlie only larce
815'
,
BREWSTER COUNTY.
'
*
,
The
low as
PECOS COUNTY.
first
9m. $m. moc and
*8«).
*'iy 8 Of the above Portfolios for 86 any 7
tor 810 the complete set (12) for *15. Bound
volume containing over 200 designs selected
irom the various portfolios, price $5, returnable if not satisfactoiy.
,
Section No. 3', In block 130.
Section! No. 1, 19,31, 33, in block 140
Section No. 1, 3 18. 17, 1h, in block US.
Section No. 2.\ in block 141.
Sections No. In, 8|, us, in block 145.
Sections No. l.\8;t, lu block H6.
""" '•'>•'•"•"• 17. 19. 23, 29, 31, 85, 25, In
blOM'il".'
Sections No. 1. 11, la, 23, ?5, .15, In block 148
Sections No. 1. li, la', 23\ vs', 3i, IS bi°ok iiS:
;
;
Address
R.
W. SHOPPELL,
Architect, e3 B'way,
New York.
secure" BANK~VAULTS.
HAMILTON COUNTY.'
iSuSS '^' 'S',!2 S^ ^i"^""
"l certiflcate l,si3.
\"''"« "'
certiflcate 1.3H.
mT^
oS
o^?.S3£'' virtue
of eertldcale
ie?t oS Nn V^^^J^J S'
ilct on s?: V'fc*""J f' vlrtneof certiflcate
''5'V'rtueof certlflcaie
S^x hi^nd-Sd imf??.'
'"'"
eertTacSie '|?S.?.^
—
"-""• '"™'«1
"J'
I,S46.
1
si7
1
!1.8
^'""e "f
V
"Irtneof certiflcate 1,0«--.
i^tloS N^' l-lo'^t?,
Sect oS No" 6'loc«tSrt h * '!''.'"" "f certiflcate 1,« 'H.
^'''"''
No 7
"i certiflcai e
1 ,->
7.
"* certiflcate >
oS No" «• ™!.!3 £>' ^^rt""
"'rtueof certiflcate 1,.;
Scot oS No
''I
"• 11 ^L*"*,
'"««e<l
by
«.
9.
Section
'
ii,2?, 18, l^, 17, In block
'• 8. ». 7. 9.
6 7,
Sections No. 1, 8, 5, 7, 77, In block 213.
Section No. 35, In block 210.
^^Sectlons No. 29, 31, B3, 3\ 19, 21, 25, 27, in block
Sect
loci.in k*
1
"
1,7&1:
l.TOf."™
(,iJ.
1, 3,
67, 81, 33, 86, t7, 39, 11,
bl: ck JI.
Sections N".
Sect
c".
block 251.
FOLEY COUNTY [LOCATIONS.]
«ite.9';°8;^Ni'&iU''^''-''-*^- ^' ''
»! SSTsTi^S; ^i^bi'dc^k Va,^- ^- '•• ^"^ "• »»• »•
isw. 1. J,
75, 77, 79, 98, 97, 99, In
Sections No. 2', 85, 27, 83, in block SIO.
Sect ons N... 19, 2|, 23, i>7, in l.lock
S41
Sections No. 1, 3. 6, In blJck
215.
27, 59. 31, 83, 36, in
Zlo.
BUILD
oertificatt
CROCKETT COUNTY.
No
lfc87.Se,«l 48,4t4t,19. lnblook2li.
by virtue of
EL PASO COUNTY.
Sections No.
23, 9, 18, 11. 15, 17. 19, 21, 25, 27. 8C SI.
in block auO.
3, 5, 7. 9. 11, 13, 15, 17, 19, 21, 23. 25. 27
89, »1. aa. 36, 1, In block 201.
Burveys No. 1, 3. 5, 7,9, 11, 15, 13.17. 19, 21, 23, 85, CT
89, 31, aa, 35. In block £02.
Snrvpys No. 36, 33,31, IS. 29, 27. 25,23,21, 19, 17, 15
7, 1 1 , 9. 5. 3, 1, lu block 203.
Surveys No. 1, S, 5, 7, 9, 11, 18. It, 17, 19, 21, 28,"2.">.
In block 204.
Surveys No. 1. 3. 5. 7. 9. 11. 13. 15, 35, 17, :9, 21, 28,
88, 87. 26. 31. 35. 3S. In block 205.
Surveys
9. 31, II, 7, 1, 15, 17, 19, 81, 28, 25, 27,
89, 8S. 36, 5. 3. 1 18. In block 225.
Surveys No. 35. 38, 31, 1, 9, II, 17. 19, 21,23, 15, 25,
87, 29, 7. 5, 8. 18. In block l2B.
Surveys No. 1 3. 6. 7. 9. 1 1, 18, 15, 17, 19, 21, 23, 2.".
29, S3, 31. i7, 3S. In block 228.
Snrv. y« No. 1, .1, 5, 7. 9, 11. 13, 15, 17, 16, 81, 85, if.
28. 33. 27. 29, 37. in block i27.
Surveys No. 11. 15. 23, 21. 36, SS. SI, 29. 27, 26, 8. 1.
6. 7. 9, 11,13. in bl ck 2X9.
Surveys No. 17 19. 21. 23, 25, 27, 31, D3, S5, 15, 26, i
II, IS. 1,3,5,7, Id block 280.
Surveys No. 1. 3. 5 7. 9, 11. IS. 15, 17, 81, 88, 85, 11'.
87, 89. 83, 35,
blocs 281.
Survevs No. 9, 1, 8. 5, 7, II, 13, 87. 19, 29,21, 17, 23,
89, 81, sS, 3.M5. Id block is?.
Surveys No. 17. IS. 19, 21. 11, 18, 7, 9, 5, S, I, 23. 2!.
87, 29. 81. S3. 88, In block I'Sa.
Bnrvei » No. 1 1 17 in Mock 244.
",*!• '•*•* 7. 9. 11, 13,
mP^ST'^
tR89, 81.88. 36. in block 810.
by virtue of certiflca:
BANDERA COUNTY.
Sections No.
1. 8, 6, 7,
Widths and Colors, always la
N?Trouble
^"
TO
lift, 167, 1611,
Section No.
No. 1,659,
No.
Surveys No.
garveys Ko.
full supply, all
No. 109 Baaite Street.
I iw 121
I'.'n
14,S Its Ii:
161, 163, lr„'i. 1B7, 169 171
176, 117, 179, 181, lai, 186, 187, 189, 191 193 19
199, 201. In block 251.
Section No. 8, 8, 7, 9, 11, 13, 15, 17, 19, l,ln block 85
IN PRB3ID0 COUNTY.
tlf85:3"l',t'nl.>"ck'J&
ONITED STATES BUNTING Ce.
A
101,108,103,107,109,111,113,115 117,
127 129, 181, I8.S, 135, 137, ISt', 111,
128,
119,
173,
197,
iU. 23, 21, IK, 17, 15, 13, 11.
Surveys No.
STRIPES.
AGSNT8
stoek.
I?, 17, 19, 21 23 25
29, 31. 33, 35,87, 39, 4 1, 4J, 15, 17, lu, 51, 6*. 5-\ 57'
B9, Bl, 83, tt5,67,6l>,7;.';3.M,Ki, 85, 87, 89, 91, H.i
in block 111.
17, In block 228.
IN
AliSO,
K,
Section No. 1,731, located
m Dlock 113.
DUCK
SAIL
AMD ALL KINDS OP
COTTON CANVAS FELTING DUCK
CAR COVERING, BAGGING
RAVENS DUCK, SAIL TWINES, *«.,
"ONTARIO" SEAMLESS BAQB
PRESIDIO [LOCATION.]
Survey No.
I.
COTTON
IN
Feotlon No. 3, 9, in block 219.
Section No. 1,3, 5, 7, », 1 1, l^
in block Uv.
:<,
Co.,
1,704.
85, S3, 31, 5, 7, 9, 11, 18, 26, 27, 25, 23, 21,
Survey No. 5, 13, 11, 7, «,
Survey No. 35, 3.1. 31, 27,
Kuiv»y No.
Bn.vey N--.
&
Section No. 15, located by virtue of certiflcate No.
Section No. 17, located by virtue of certiflcate No.
17C8.
Section No. 19, located by virtue of certiflcate No.
Turner
HANCFACTUBERS AND DEALERS
1,311.
21, in
31, Si, as, 25, 27, 29, 21, 23, 18,
16, 17, if, 19,9. .n b ock 138.
Surveys No. al, 5, t<, 1,11. 9, 7, 13,29, 17, 15, 23, 21,
19,37, 25, 85, 33, in block l;iU.
Burve/S No. 1, 3, 5, 7, 9, 11, 13, 15, 17, 19, 21, a\ 25,
27, 29, as. In block 140.
Survey No. 19, 17, 1, S, f,7, 9, 11, 13, 15, in block
88, 36, 5, 3.
1,
1,702.
Surveys No.
Surveys No.
^uivc^B
located by virtue of land scrip No.
1,338.
Section Ko.
Survey No. 38, 85, 27. 29, 31, 1, 3, 5, 7, 9, 11, 18, 15,
IT, la, 21. 23. 25. In block 153.
Surveys No. 8. 6. 7, 11. 13, 15, 17, 19, 81, 23, 29, 8i,
38, 85, 27. 25, In block 150.
burveys No. 1, 5. », 7. 9, 11, 13, 15, 17, 19, 21, 23, 26,
87,29. 31, 83,35. in block 137.
Surveys No. 1, 3, 6, 7, 9, 11, 13, 15, IT, 19, In block
lie.
s
3,
1,!«9.
1*5.
block 149.
Surves
PRE8IDO AND BREWSTER COUNTIES.
Survey No. 25, In block 204.
17. 81. 29. 27, 21 19. 9, 15, 3, S, 7, 33, In
Complainants.
Brinckerhoff,
1,840.
Survey No.
ISnO.
9
28
Survey No. 1,8, 6,7,9, 11, 13,29, 15, 31, 38, 35, 17,
19, 21, 23, 25, 27, in block 242.
Survey No. 1, 3, 5, 9, 7, 11, IS, 15, 17, 19, in block
248.
Survey No. 19, 23,21, 25, 27, 2«, 31, 3^, 56, 37, 7. 15,
18, 8, 57, 55, 9, 6, 53, 51, 49, 47, 45, 43, 41, S9, 1, in block
814.
IN
block !4«.
83, 38.
Specal Master Commissioner.
BUTLER, STILLVAN & HUBBARD,
CLARK, DYKK & TldLl.INGEK,
^ulicitortt iLir
.
block 14».
1,
FELIX H. POBEHTSON,
Waco, Texas, June 2d,
JEFF DAVIS COUNTY.
3, 6, 11, 9, 7,
Surreys Ko. 17. 15, 18, 11. fl, 5. 7. 3 1, In b'ock
Surveys No. .t. «. If, 21, 27. 83, In block 117.
Surrevs Nr. as. 31. 27, 29, 3, 5, 7. 9, 15, 17, 19.
9, 15, 17, 13,
commissioner.
BUCHEIj COUNTY.
m
,
dollars of the successful bid, which amount will be
deposited In the registry of said court to await the
action of said court on the report of such sale.
The purchaser or purchasers of paid laud will be required within twenty days after such sale shall
have been confirmed by said court, to pay into the
registry of said court the residue of such bid.
Tne purchaser at such sale will be invested with
all the title held by the Texas & Sniut Louis Railway company In Texas or any other defendant in
said above styled cause or any of his heirs or as^ii;ns owned or held at or since the time of the
making of ihe mortjiage foreclosed in taid decree.
The order of sale directed and delivered to me,
issued by the clerk of said court on the 8th day of
May, IbbO, directs me, alter the said sale shall have
been conflrmed and the deeds delivered, to 1 lace
the purchaser or purchai^ers of baid laud in posReference is made to said decree
session thereof.
for more detailed de ciiptionof the several tracts
of land herein before named, as well as the various
duties thereby imposed on this special master
block 849.
29, In
SnrvBTS No. I, 8, 5, 7, 39, 31, Sf, 35, 37, 9, 21. 23,
21, 87, 16, 43, 19, 69, 61. 53, 1.6, «I, 77, In block 221.
83. 21, 19. 41. SO, b5, ^l.^ si. in block 135.
SurveysNo. w». 1.3, 6, ai.SS, 7, 11, 18,15, 17,19,21.
block ISir.
»S. 2.-1. 27,
1
86,
21,
28, 85, 2<, 29, 31, In block *J0.
Survey No. 81. SH, a^. 9. I, 3, 5, 7, 11, 13, 15, 17, 21,
83, 25, 27, 2J, 19, block 2a7.
Survey No. 1,3,
7,9,13,15,17,19,21, 23, 25,
27, 2f, 81, 33,35, 1, In block 288.
Surveys No. 1, 26, 19, 17, 15, 13, 81, 23, 33, 31, 29, 87,
8, 5, 7, 9, 11, In block 839.
Survey No. 11, 13, 15, 17, 19, 83, 87, 31, 36, 39, 1, 3, 5,
7, 9, In block 240.
Survey No. 1,3,6,7,9,11,13,15, 17, 25, in block
P, 1, 3. 5, 7, 15, 17, 13, 11, 87, 29. 27, 26.
17, If, 21, 26, 27, 18, 15,
11, 13, 83,
1, 3. 5, 7, 9,
Survey No.
bloc. 133.
8,7.6,3,
block 221,
block 231.
16, 17, 19, 81. in
1.-,
^nrVeys
Is
<:5
841.
i:
g6. »7, 31. S3, S5, in block 129.
llo. 11. 17, 19.21,1,3.5.23,25,37,29.31
as. 36. 7, 9. 18. 15. In block 12S.
^urveVs No. 9. 7, 2.1, 21, 19, 29. 88, 33, 5, 3, 1. 11, i:
18,13, 27, 25, 31. In block 13*.
Sorrev Ko. 5, ia b ock 122.
Surreys So. I, 3, 5, 7, 9. 11. 13, 15, 17, 19, In b:ocL
19S.
Surveys Vo. 1, 83, 3, 8. 7, B, 11, 18, 18, 17, 19, 3J, 21,
as, j», 87, 29, 81, in block lie
ouivejs .-o. 1, 3. 5, 7, 29. 31, 9, 11, 18, 15, 17, 19. 2
Surveys No.
in
Surveys No. 19. In block 229.
Survey No. 25, 27, 29 31, 33,36,
13;;.
». 11. 21. 23. ilU, 1, 3, 5, 7, 13, 15, 17,
SarreTS No.
.
FOLEY COUNTY.
hereby uiven that by a decree enterc"
Notice
by the Vi Ited 8tate> circuit Court for the nortbn
district of Texas, at Waco, In the above stjiecj m
nombered cause (tn the 0th day of December, 1^
the undersigned was appointed spuclal master co
Blssloner with powers fully deKnCLl in said oe -re
Bj Tirtue of and under the authority confe-ri
by pa'd c ecree. and an orde-of rale Issued tber.
nnder.tbe nndersiifned, Kolix H. Robertson, spe;maater commiss'oner, will, on Tuesday, the a I <ii
of September. IHQO, at 12 o'clock noon,attbeCo.>r
Boose door of McLennan County, in Waco, ex«
proeeed to sell at puboc auction to tiie hiKhe
bidder, the following descrl.ed land situated
the State of Texas, vis.:
Is
I
l
13. US. 15, 17. 19, 81, 23, 25, 27, 29, 81,
1 1,
1',
I."-,
'^''
Burveys No. 3, In block 228.
Surveys No. 1, 3, 6, 7, 9, 1 1, 13, In block 228.
Surveys No. 1, 9, In block 217.
Survey No. 11, 5, 3, 1, 13, 9, 7, in block 218.
Defendants.
al..
'
«l. I" -1
BurvevB No.
BS, 1, 3, 5, 7,
W. Phillips «na
)J.
Mo. OS Eqaity.
11, 13.
1. 3. 5, 7. 9.
.so.
-J. -'.•;
^alje.
**
^°-
'*•
Round and
Flat Bars, and S-plv Plates and
*0.
FOB SAh K8, VAULTS.
Cannot be Sawed. Cut or
Drilled,
and
AukK
positively
Burclar- Proof.
CHROME
OlBCtTLABa
STEEIj
Vmk.
WOKKS,
BKOIIKI.YK.
N. V.
virtue of ce.tlu.aie
'"'"'ol
by Tirtue of
certificate
COMANCHE COUNTY
nS""??.''"'- 8». located by virtue of land scrip
COUNTY [LOCATION.]
B««.„ ^«^^F^'
Section
No. 21, iu block 213.
•SllS..'''^ '"J"! *'" •>» 'olii »•
one pn <el and as u
"* Purchsfer or purci 1 sers will e
^,;I.^?r,*'"'
eqtiiredto puy
at the lime of sale lin thoma .d
m
«ELDE1) CHItO.HE STEEL AM) IB«N
in
TosEprGTLom
STEEL PENS.
'&OLD MEDAL(
Paris exposition, 1889.
@FedFRASER