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HUNT'S 31EIICHAXTS' MAGAZINE,
^'
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY. AUGUST
49.
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ILendon AKsnts
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subscriptions
at Is. each.
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and advertisements and supply single copies of the paper
WILLIAM R niNi
JOHM o. FIX)TD.
JOBMT^Fli)YD
<
WIIiI.IAl»l B.
i
DANA &
loa William
\
p
Street,
NO.
1889.
reaching seventeen-and-a-half millions. New York contributing
nearly fifteen millions of it in the face of a decrea.se in speculation at the Stock Exchange.
At Boston the dealings in
shares (listed and unlisted combined) recorded a slight falling
off, but the bond market was more active.
An increase in the
\olume of business was reported from interior points, and in
some branches an advance in prices is to be noted.
In comparison with the similar week iu 1888 the week's exchanges exliibit an excess of 8-3 per cent, and the only points
recoriling losses of any importance were Duluth 55-7 and Los
Angeles 44-7
|
er cent.
In fact, only six
New
Co., Pnbllstaers,
NEiV YORK..
Week ETuUng
New York
The weekly bank clearings at New York and other cities are
made up by the various clearing houses eacli Saturday noon.
That fact makes it impossible for us to cover the current
week's returns, as we g.j to press Friday night so to keep the
;
record accurate we are compelled to give the figures o£ the
previous Saturday in the detailed statement, which is the
second table of this article.
At tlio same time, that our readers may gain some idea of
the current week's business, we obtain each Friday by telegraph the clearings for five days of six of the more important
clearing houses, wluch together with New York figures make
up about 89 jier cent of the total for all the clearing houses
for the same five days included in the full statement.
To this
we add in a lump the returns for the other cities (which average only about 11 i>er cent of the whole) for the sama five days
of the previous week, and that gives us a five-day total which
rnust be substantially correct for the whole country. For the
sixth day, to bring the statement up to a full week's operations, we add alx.ut one-fifth of the previous total, making
allowance only when the transactions at the New York Stock
Exchange are above or below the average. The final result
is an approximate statement of what the full six days' clearings for the whole country will aggregate when the week's
statement is made up Saturday noon. Prepared in this manner it will be seen, according to the table which follows, that
the clearings for the five days have been in the whole country
$788,367,794 this week against §674,953,670 last year; and
adding about a fifth to each of these for the additional day the
return for the whole country for the week ending to-day at noon
18 approximatelv §951,417,007, against $811,300,876 the correslast year.
WUk
Endit t Avrjuat
P
Philadelphia
51,556.317
Baltimore
10,!04,6I3
CtaicaKo
iMla.)
(OnKn
huiheli.)
M>l<.)
Boston
Providence..
Hartford
New Haven.
68,433,000
-11
-18
-8-4
+2-2
+8-0
1)3,890,580
-5 3
59.891.46,^:
Raltimore
18.M9,9"1
+13-7
+7-3
+0-0
+16-3
—4-S
1,080.473
+10&
600.000
+1-4
10.494,069
12,310.117
til
618.931
2,82a,976
.'Syracuse
Buifiilo*
eOl.299
+2^1
10.M97.197,
712,>50.
3,415.59 r
11,419.027
Clnolnoatl
Milwaukee....
Detroit
Cleveland
Columbus
Indianapolis...
Peoria
.
arand Rapids.
Total Middle Western
San Francisco..
Kansas City....
Minneapolis...,
Paul
Omaha
Denver
Duluth
Joseph
Los Angeles
Wichita
Bt.
84,715,078
87.036,629
-30
82,830,542
+10-8
64,837.898
9,565.600
4,542,448
5.156,143
3,492,496
2,325,300
1.835.620
1,411,882
634,039
67.471,638
8.816,000
+18 8
63,642.8161
+5-«
+10-S
+14-4
+3-a
+19-8
552.837
+8-5
+22-8
-H6-9
+25-0
+22 7
+0-+83-8
+14 7
93,500,826
82,383,814
+13-5
92.690,3141
+6-7
18,001,950
8,474.965
S.796.S74
4.444,144
4,881,648
8.658,813
1.012.764
1.257,975
681,100
17,.140,050
7,8<) 1,640
+3-8
+17-7
+12-1
14,791.994'
8,780.689;
-1-2
-I-8I-3
3,600.667
+0-4
+8-8
4.495,61)5
+860
4,60-,>.697
1,0-20.443;
1.31-2.178;
69.1.980
Total Middle.
Chicago
8t.
8fl5,821
906.998
C04,070
823.957
899,699
+67-2
-52-5
+9-8
-«2-0
+83-1
+7-8
+20-9
378.101
4S2.I102
3,71H,:(90
4,447,206
8.7»3,n87
1,813.949
1.145.936
3,333.860
3.6tl2.B10
3,7(18,918
3.40I.09I
2.885.580
1.327,055
1.051.700
+264
-f58-4
-55-7
-5 8
—44-7
+ 14-9
4-16-7
4-15-8
447,448
682.390
Tacoma'
9.61it.0i0
4,8;7.419
5,145.872
8.534.279
2.235.101)
1.66(1,283
1,475.;75
646,o90i
S.462,8(t7'
5S4.943I
748.491
895,4441
006,188
-1-15-3
+1-6
+26-B
-ra
+irO
460.871'
440.713
1,260.90
1,818.875'
p. Cnit.
1888.
+21-6
-0-1
+11-9
-H3-J
$415,461,595
58,806.919
44.ni6.598
8,926,140
49.6u8,OU0
l>onlsville
.Memphis....
Htchmond
Dallas
Furt Worth
'Galveston
.Norfolk
»674,958.b;0
130.34T.2U0
+168
Total
+19-7
1
-i-i;:i
•
Not
+ 8-6
"41,301,878,
+i-9
17.835306
+10-1
4.498.999
-^14 5
18,147.213'
5,030.,^Gy
4,7'',0,9U6
+315
7.0i'5.l!19|
+B-»
-0-4
+33-8
1,097,771
1.591.148
831.813
540,627
604.890
619,377
+25-5
+14 8
+186-41
+4B-4
+8-2
-8-8
1.579,535
1.S90.V70
1,690,418
1,043.640
York..
Incluilel in to'-als.
+M-B
641.630
37,508,918
81,080,887
+18-4
875,416,100
+88
930,801.765
332.081.144
-t-4-'
S45.3(^2V75
847.728,841
4-81-7
+88-6
+105-9
—8-9
1:69,000
—18-7
481.1881
a48,84«,irB
all
New
13,887,239
641.906
507.710
545,047
Blrmlogham*
Oatslde
47,443,644
18,971,598
5,151,331
6,357.188
1,377,818
1,828,948
1,883,087
701,358
Lonls
New Orleans
it.
$788,267,794
*8ii.-;on,K78
+3-5
60,494,808
10,781.362
Total BoDthern....
$951,117,007
l,66:),8«l
1,140.974
l.l"5.778
Philadelphia.
Pittsburg
+i;-2
week
77.054.831
4.341,200
£7,894,1351
+13 S
for
.
-3-9
England..
79,420.198
all fit IPS
'
87,295,835
New
Total
$505.53:!,474
Tntal
;-74-3)
(
84,654,376
Lowell
90,416,232
I«S,I4(l,813
-68-8!
(
(6,956,000):
577,797
Portland.....
$697,851,568
liar
-4-4
+6-6
-401)
(ll.59^6^5)
+15-6
+5-8
+24-4
+ S-1
1
01
+201
+26-4
All cities,
+3 8
+10-1
l,3B7,72i
(-68
(-60-6)
984.1.76
S.418,889
5 days
961,435
4,087,H»ll
(1 13-3)
869,459
14,:!0«.U4«
all cities,
77.331.819
+7-4
(-2-0)
992.448
91 5.128
718.86B
4,320.300
Total
(1.202.81
(184,700)
1.182.585
15,459,453
s
(+8-91
Worcester...
NewOrleans
Seven cities, B daj
other cllies, 5 (lays
(906.631)
(253.000)
(89.074,440)
(24,915,0001
JorlngSeld...
Louis
St.
(987.728)
(286.600)
(12.4H0,520)
(9,808,000)
IP. Cent.
585,599.090
1.058..'i«»
WotUm
(PtdDleum
I'ortland'
$505,288,831
58,781,619
+10-5
I
tham.)
(8toelt$
Total other Western.
New Vork
Boston
1889.
Cent.
613,331.956
73,613,923
4,:«2,ao0
1,419,758
Saluof—
Sioux City*
84.
Weeic End^Q Aug. 10.
Avfjitst 17.
600,525,336
Topeka
Des Moines....
neturna by TeUqraph.
1889.
made
cent; Denver, 53-4; Forth V/orth, 46-4; Louisville, 33-5; Omaha, 36-4; and Memphis, 25-5. The clearinL,s at
York,
other than those due to stock operations, were for the week
this year $450,390,336, a gam of 9-7 per cent compared with
1888.
Contrasted with 1887, the present aggregate shows an
increase of about 16 per cent, and the excess compared with
1886 is about 4 per cent.
Office Box 958.
CLEARING HOUSE RETURNS.
CLBARIUGS.
cities all told
any decrea.se. On the other hand, there are a number of cities
prominent in percentage of gain, notably Dallas, 126-4 per
1889.
ponding week
1,261.
The returns for the week ending August 17 showed an improvement in total over those for the previous week, the gain
3?hje dxr0txijclje.
Messrs
24,
!
37,4e8,808j
+18«
+7-4
;
THE
218
CHROJS'iCLE.
perils of trying to
THE FINANCIAL SITUATION.
[Vol. XLIX.
make money without
labor.
Those,
therefore, are not the interests the Secretary can seek to
serve or that we refer to as being jeopardized by exno treme stringency. The seriousness of the situation lies
towards stringency the past week.
respect a surprise to our readers, since the facts we have in the fact that our entire industrial classes are to an
To-day commercial paper is
so constantly presented have indicated not only that it unusual extent involved.
Of
also its near approach, unless a drug: it cannot be sold, except very slowly.
was ineritable, but
Government disbursements. Every one course the slow sales are in part an effect of the discredit
deferred by
sees now how reasonable it is that the demand for crop which the late failures have produced. Yet the failures
purposes should be earlier than last year; that it will are only a minor incident; they would have been forprove larger is likewise a natural conclusion from the gotten before this had not the money situation forced
That fact is
bigger crops raised and the more active exchanges our banks out of the paper market.
The money market
has
made
further
This
progress
is
iu
This week the aggregate outflow of currency indicative of a strained situation, which may easily
to the West, South and East has increased over last widen until it touches or affects every department of
•week, and the discounts the interior banks are now business iu the land.
Tho new Treasury method for facilitating the moveprocuring here, give a hint of their prospective wants.
All this makes plain too, the little dependence which is ment of currency from New York to the interior is not
to be placed for crop needs upon the reserves which the working either quite as smeothly or quite as satisfactornew reserve centres are carrying. The wants disclosed, ily as anticipated. Perhaps when the machinery is a little
as soon as the crops begin to move, confirm the teach- less new it will act with less friction. Certainly if it does
We
ings which the bank returns of those cities during the not it will fail in monopolizing currency carrying.
Both classes of have undoubtedly all of us heard before this that time
fall season for previous years afford.
facts indicate alike an absence of any considerable sur- is money ; but the statement has a special significance
plus available in such an emergency; compared with when interest rates are high and an interior bank in
ruling.
their
new and
larger obligations, their holdings for
special times of need are,
we
believe, relatively smaller,
dependence ou Xew York is greater. AVe
and
do not wish to be understood as thinking that the
change iu the national banking law which permitted
these new centres was unwise, or that the banks at those
centres are not fulfilling their obligations under the
law.
We have no such thought. Chicago and St. Louis
banks manage their business in accord with natural
influences and subject to fixed conditions, a controlling
•condition being that Xew York is not merely nominally
but absolutely the monetary centre of the country, and
so long as it is the trade centre it will remain the moneConsequently, whether it wishes to or not
tary centre.
it must carry the reserve of the country and be prej^ared
for special calls.
Our Clearing House banks have met
these calls for three years now, not through prudence
and preparation, but solely through Government disbursements, and that is New York's and the country's
expectation to-day. This fact suggests the inquiry
whether in the absence of a Treasury surplus our banks,
to fulfill all their obligations at home and throughout
the country, will not have to go out of the business of
making a dividend for their stockholders. The Bank
of England assumes the burden of carrying the reserve
for Great Britain, but gets privileges as a compensation.
What course Mr. Windom has determined to take
with regard to the purchase of bonds has not been disclosed.
If one accepts his policy up to the present
date as an earnest of what his policy is to be for future
their
weeks, the conclusion
is
evident.
Very naturally and
to make the best
operation he possibly can make for the Government,
and apparently he thinks that tight money will induce
those who are holding the floating supjjly to come to
rightly his desire in buying bonds
his terms.
Perhaps
But
is
want of
currency has to
to get
and what makes the operation seem slower
it;
wait three
or
four
days
is
with the system of telegraphic
transfers of last year. Under the new method the order
must first be left at the New York Sub-Treasury, from
there it is transmitted to Washington, and then the
currency is got ready and shi^iped as soon as it conveOf course the Treasury has nothing to
niently can be.
do with the question of profitableness of the transfer to
the bank; it does not exist for the purpose of enabling
our banks to make monej'. But when it can convenience
the bank and convenience the public at the same time,
and without cost to itself, it seems as if the end were
worth an effort. So far as it is a mere question of
express competition, that will be settled after trial by
the banks between themselves. The quickest service will
no doubt get the best pay, and especially where the
One of our city institutions divided
urgency is great.
a consignment to Cincinnati this week; part was sent
in the old way, that is, direct by express with regular
The result
rates paid, and jmrt through AVashiugton.
was that the amount ordered through Washington was
two days late. An inquirer waits to know why New
York exchange is GO to TO cents per 1,000 dollars discount
at Chicago, and yet for 15 cents the same money is sent
by the Government to Chicago. The answer we presume is to be gathered from what we have said above.
The discount reported is for funds to-day, whereas the
15 cents means funds two or three days hence.
Bankers' balances have commanded this week 3 and
Some have urged that tho
6 jjer cent as the extremes.
higher rate was the result of speculation.
That suggestion is not of much value.
Had there been any
concerted effort to get rates up the conditions were
such that there would have been no difficulty iu putting
that the comparison
is
is it not taking a I&t'jo them for the moment much higher.
With the surplus
do not refer to any risk in reserves of the banks reported last Saturday at only
Wall street, either to operators or to the securities $3,352,535, and with four of the larger institutions hold-r
dealt in there.
Investors ask no favors of any ing $5,801,000, and with consequently a very considerkind ; stocks are in strong hands, and holders were able calling in of loans on the part of those banks which,
never better prepared to carry their load than now
were short of the legal requirement, while an active
and the large brood of small speculators must take demand was reported on the part of interior banks for
their chances in fact, in our opinion it would
prove a discount, there seems no need for seeking any special
great advantage in an educational way for the youth
of reason to account for rates temporarily touchin|?
our country to be brought more often face to face
the
wm
with tho G per cent.
The
for
week
risk to wait
and
—
so.
see ?
We
AcousT
THE CHRONICLE.
24, 18f».]
219
tlie
been
nounced, it seemed not unlikely that the extreme limit
Among of amount had been reached for some time to come.
figure at which renewals have been made.
bauks and trust companies 5 per cent has been the But only a short while ago the Chicago Milwaukee &
minimum. Extremely little has been done in time St, Paul made a mortgage for 150 million dolimmediately negotiated
and
some of the
contracts, lenders not being willing to tie up their lars,
money at the quoted rates. For thirty-day loans 5 per bonds under that mortgage. The Northern Pacific
cent is bid, and 6 per cent is bid for any time from loan now goes 10 million dollars beyond that of
From the amount involved, it was supsixty days to the end of the year; for longer periods the St. Paul.
Commercial paper, as already posed that there would be some difficulty in getting the
there are no quotations.
said, is very slow of sale and is accumulating; buyers consent of the Northern Pacific board to the scheme,
are confined to a few out-of-town institutions and capi- but the proposition was unanimously approved. Taking
talists. None of our city banks or trust companies are in a broad and comprehensive view of the situatior, the
the market; we quote sixty to ninety day endorsed bills plan, 80 far as its general outlines are concerned, seems
receivable 5A@G per cent, four months' acceptances C to contain some strong and very commendable features.
per cent, and good single names " having from four to Public criticism has been founded chiefly on the extent
of the mortgage, many regarding it as impracticable
six months to run" Gi@7i per cent.
There was no advance this week in the official mini- and visionary on that account. But in taking that
mum of the Bank of England, the rate remaining at 3 view, they have apparently lost sight of the fact that
per cent, although an advance was by some expected, though the amount be large, the property and
embraced are of like magnitude.
One
as the stock of bullion is small, while discounts of sixty interests
to ninety day bank bills in London were reported at 2| other circumstance should also be borne in mind
per cent, so that the open market would be likely to with reference to all these heavy general mortThe fact that the present official gages. The amount authorized does not mean that
follow an advance.
If it did, then there would
figure seems not only to have checked the outflow, but amount of new bonds.
to have got in a small amount from abroad, proba- indeed be doubts as to the success of the loans.
also
bly left the situation as favorable as was needed for the A very large part of the total is meant in each case to
That is true very
present.
Very likely the Bank directors look for cover existing indebtedness.
Our London correspond- emphatically of the Reading and St. Paul loans, and
arrivals of gold from Paris.
ent says the expectation is that now that the redemp- the remark applies with equal force to the new NorthThe idea is to furnish some general
tion of Enssian bonds which were not converted last ern Pacific loan.
May at Paris has begun, a considerable part of the and comprehensive scheme for taking care of the debt
gold lately accumulated in the Bank of France already out, and at the same time provide adequate
will be transmitted from France to Berlin, Amster- funds for future wants, through one uniform series of
dam and London. This expectation if it is real- bonds intended ultimately to cover the whole property.
ized will restore bullion to the Bank of England,
In the Northern Pacific case certainly there was
and what is of importance to us is that that will make need for some definite and well-settled plan for meeting
about
it
5
easier for
Now
per
cent
New York
and
to
this
draw gold from London
Bank
'
has
this
future requirements.
The property
is
a
new
one,
and
through which it runs is only in the
withdrawals for New York would most likely be resisted infancy of its development.
For many years to come
so far as the movement could be.
At the same time the company will have to spend large sums annually on.
we shall probably need help, and in looking about for improvements and in furnishing new feeders and
the means to replenish our bank reserves, next to additional facilities to take care of the increasing
Treasury supplies gold imports have been regarded by business. The jJolicy in the past has been to issue one
many as reasonably sure. The Bank of England this mortgage after another in regular numerical order.
week is reported to have gained £196,000 bullion; a pri- But that plan is open to strong objections, especially as
vate cable to us states that this is the result of arrivals no new mortgage can be placed upon the property
from abroad ("bought") of £78,000, of receipts from without the consent of the holders of three-fourths in.
the interior of Great Britain of £158,000, and of an interest of the preferred stock.
This provision places
export to Chili of £-10,000.
The open market rate at great power in the hands of the minority, makes necessary
Paris is now 2^ per cent and that at Berlin and Frank- a strong appeal to stockholders every time a new loan is
fort is 2i per cent.
The Bank of France gained £.347,- called for, and in not a few cases has led to a scramble for
000 gold this week.
proxies, which was as mischievous as it was undignified.
Our foreign exchange market has been dull. There Under a new general mortgage containing a liberal
was no special feature until Thursday, when it grew allowance for future requirements, such a result would
weaker under the influence of dearer money on time in be avoided for some time to come. It appears also that
our market. The nominal rates were maintained by all there are some other objects in view.
The old bonds
the drawers at 4 85^ for long and 4 88 for short until of course will be exchanged on the best terms possible,
fall.
the stock of the
is
so small that
any the
that day, although the rate for actual business in long
was at 4 84@4
the Cana; on Thursday one of
country
is to take care of the Oregon
Trans-Continental and branch line bonds, and to relieve
dian banks reduced the posted rate to 4 85.
The arbi- the company of heavy sinking fund payments both on
trage business has been insignificant this week, and that account and on account of its own bonds, which,
there appear to be very few commercial bills pressing if accomplished would greatly improve its position.
on the market.
To be sure, with such a large mortgage considerable
bills
The importance
but in addition the idea
8^
of railroad interests in this country, latitude and discretion will necessarily be lodged in the
growing magnitude of individual corpor- management as regards the issue of bonds thereunder,
ations, is freshly illustrated this week in the action of but so long as this is hedged about with proper safethe Northern Pacific board of directors in authorizing guards, such as contained in the proposed requirement
a general mortgage for 160 million dollars.
When the that none of the bonds shall be issued without the conHeading general mortgage 48 for 100 millions were an- gent of at least nine of the thirteen directors, th^
as well as the
.
THE CHRONICLE.
220
danger of reckless action would seem to be reduced
a minimum.
While the Xorthern
to
The
[Vol. XLIX.
stock market this week has been depressed and
lower, with however no great activity in
the dealings,
management have thus though during the last two days the volume of transtheir proposed new mortgage, the actions has been somewhat larger than before.
The
been engaged on
management have been engaged in carry- weakness is accounted for by the failure of a number of
Union Pacific
ing out the terms of the agreement made at the late cotton goods and woolen mills in tlie East, by fears as
Oregon Railway & Navigation election, by which they to the effect of the new complications introduced in the
Pacific
were to purchase the Oregon Trans-Continental lioldiiigs Northwest by the action of the Burlington & Northern
of Navigation stock. They have bought 60,000 shares, Railroad, by large shipments of currency to the inteand will buy the other 00,000 shares next January. rior, with higher rates for money here, and apprehenWith this purchase the Union Pacific has control of sions of a possible stringency. Perhaps the latter influthat property not only by lease, but also by direct owner- ence was the most potent of all, as high money rates
and iu the future it will no longer be hampered make the carrying of stocks a costly proceeding. In the
by a board of directors in a measure antagonistic to its face of these circumstances, the favorable features of the
interests.
At the same time it is assured permanent situation are for the moment disregarded. It is a fact,
ship,
control of this, to
Coast.
As
it,
necessary outlet to the Pacific
far as concerns railroad interests in general
however, that the returns of railroad
gi'oss
continue very good, that the iron trade
is
earnings
active and
North Pacific section, the transaction is import- improving, that large crops of nearly everything but
ant as showing that matters are in a greatly corn are already assured, while for corn the weather
The condiimproved position there, and that both the great during the week has been quite favorable.
contestants are carrying out their agreements in good tion of the coal trade, though, is not as satisfactory as
might be wished, and Mr. John H. Jones's usual monthly
faith.
The Northwestern rate situation has again developed coal statement is for some reason delayed. The events
a number of surprising features. W^e had the news with regard to Northern and Union Pacific related
first that the special commodity tariff had been raised above had some effect in stimulating the prices of those
and in some cases altogether abolished. This was properties, but latterly they have declined with the rest
satisfactory and encouraging.
But unfortunately it of the market. As the new Big Four securities have in
was immediately followed by the announcement tliat previous weeks been the strongest features, so this week
the Burlington & Northern had put into effect special they have been among the weakest, though the granger
rates on through business between the seaboard and St. shares have also suffered heavy declines.
Among the
Paul to meet the competition of the Lake Superior coal shares Delaware & Hudson has been very strong,
lines.
On the basis of these rates, its proportion of the and the price went above 150.
The following statement gives the week's movements of
through tariff is only 15 cents for the distance between
Chicago and St. Paul, while the local rate between the money to and from the interior by the New York banks.
same points it was proposed to maintain at 60 cents.
Received by
Shipped by
Net Interior
Week end(nfl Aug. S3, 1889.
It has been argued that this is a correct and wise
iV. T. Banks N. T. nanki.
Movement.
»l,5e8,000
»2.659,000
Loss. $1,091,000
solution of the diflSculties with which northwestern Currency..
Gold
600,000
6'»,000
Loss.
lines have been contending, and that the Northern has
Total gold and legal tenders....
»1,5B9,000
|3,25».000
Loss. $1,691,000
taken a step which is really in the interest of them all.
The above shows the actual changes in the bank
Perhaps if the managers of these other lines had taken
holdings of currency and gold caused by this movement
the same view of the matter, and the Inter-State Commerce Commission had also coincided in that view, the to and from tha interior. In addition to that moveoutcome might have been different. As it is, some of ment the banks have lost 11,900,000 through the operthe lines have already given notice of an intention to ations of the Sub-Treasury. Adding that item to the
apply the Northern's 15 cent rate to other points, while above we have the following, which should indicate the
in the
New York Clearing House banks of
condemna- currency and gold for the week covered by the bank
It is always to be
tion of the practice. Consequently the situation is more statement to be issued to-day.
remembered, however, that the bank statement is a
rather than less complicated than before. We still have
Judge Cooley in newspaper interviews is
having used some pretty strong language
credited with
total loss to the
in
however in the good sense of the managers of the statement of average,^ for the week, whereas the figures
Northwestern roads, and think that if the trouble below should reflect the actual change in the condition
cannot be altogether overcome, at least it will be local- of the banks between Friday of last week and Friday of
faith
ized and its
this week.
power for harm greatly lessened.
We
gave two weeks ago an advance statement of the
operations of the Northern Pacific for the fiscal year
Week endimi
±xvj. 23, 1889.
Into
Sank: Out of Banks. Net Channe in
Bank Holdinf.
$3,259,000
Loss. $1,691,000
ending June 30, 1889. The figures were exact except Banks Interior Movement, as abore $1,568,000
18,100,000
14,000.000
in the case of the item showing fhe income from' investTotal gold and legal tenders
$13.668 000
$17,269,000
Loss. $3,591,000
ments, which we took the same as in the year preceding.
The following table indicates the amount of bullion in
We now have that item also, and therefore are able to the principal European banks this week and at the corgive the results complete, as follows, in comparison with responding date
last year.
...
other years.
.4115.22.1839.
Iforthtm Pact/lc JtR.
1888-89.
1887-88.
t
Operuilnff expenses....
Total net incom*
Fixed otaarges
Sarplni'
(
i
'
7,843.9i7
441,086
Gold.
»
8.«iS,025
7.803,547
~48T47«
6,820,732
5,884,^1
474,S66
^u<;.23, 18?8.
Banktof
1886-80.
t
t
Ii),7<n.4«8 llS,84e,3!)8 13,789.448 11,780.587
11,234,149
11,8SS,&41 9,(KS,596| 6,904.617 5,9I».S0O
5,953.800
I
Grouearnlnzn
Net earnings
other Income
1888 87.
6,811,287
5.2811,349
315,836
193,328
surer.
Goid.
£
£
TotaL
£
£
SnglanA.
France.
6,35l',197| B,l!!7.0«2
8,832,771
63«.4«»l
6,473.572
8,287,045
6,3511.124
72,162
5,976,089
150.978
Zotoi.
£
Germany*
21.141,318
—
Aust.-Hung'y
21.141.348 20,301.507
53.049,971 50,387,999 IOS.437,970' 43.988,501 49.140.96.5
29,495.834il4.747.6«e
6.4.33,000 15.840.000
44,243.000
Netherlands..
&48,i37
SillKJT.
I
6.5:!9.II00
6,496.00(;
21,273,000
12,035,000
Nat.Belglnm*
8.001.000i 1,301,000
3,902.000
32,iaS,667 10,844,333
«.074,fl0o]l6,19«.00'.i
6,725.000
7,951,000
2.583,000!
1,281,001
80.304,507
93,109.416
48,733 000
21,270.000
13,678,000
3,814,0'W
Tot.thls week 117.869.653 88,772.665:206.032.318] 111,123.675 89.813,298 200.936,973
Tot.prev.w'k.' 116.983.463 88.879,242 205.'-6a,705 111,099.845 89.1131,148 200.730,893
—
August
THE CHRONICLR
24, 1889.J
The division (J)Otwe«n gold and silver) given in onr table of coin and
bullion lu the liaiik of (ionuany and the B.mk of BelBliini Is made fioin
able to obtHiri; in neither case is It elainied to
the best estiiu^it w^
be accurate, a.i lUose banks make no distiiioUou In their weekly repirts.
merely rei)ortin^' the total (f.ild and silver, but we believe the division
wo make is a elose approximation.
Note.— We roonlve the foreyoln? results weekl v l)y cable,' and while not
all of the date Kiveu at the head of the column, they are the returns
Issued nearest to that date— th:it is, the latest reported ll^tures.
nm
>
221
Then we
lias
see also that the addition to the funded debt
been the largest ever reached in any single year.
The running ahead
of the debt reveals a characteristic
of railroad financiering in connection with
new
rail-
road construction in the recent cycle of activity, to
which we have frequently alluded. The new road of
The Assay Office paid $2-43,172 through the Sub.
the last few years has been built, to a great extent, by
Treasury for domestic bullion during the week, and the
old coni2iaiii«!5, who have issued chiefly bonds against
Assistant Treasurer received the following from thj
This is
the same, and stock only in small amounts.
Custom House.
quite different from the practice where new comOontitling of—
work and capitalize their road
the
panies do
Date.
Duties.
aold
Silver Oer- at stated amounts per mile of stock and bonds for
V. S.
Ootd.
Kolei.
Oerti/ie't.
lificattt.
The St. Louis & San Franevery mile of track laid.
$11,0 SO
Ang. 16.
»203
* lit. ,000
$677,862 08
J27.300
cisco, the Manitoba, and the Northern Pacific, are all
" 17
10,750
51.340
301,061 22
250
6,120
" 19.
28.800
40,700
S'iOO illustrations of roads which have constructed large
385
403,844 91
" 20.
37,000
96,050
550
9,200
559,70> 90
amounts of new mileage during the last five years with"
_
'
21.
22.
Total.
3
1,015
4 1,500
1S.7C0
49,430
53,900
6,99
7,895
*3.004,149 53
$2,708
$17.?,950
$406,420
$50,285
305
634.151 10
427,.516 3
out increasing their capital stock any.
may be
confidently affirmed
As a
result, it
that the additions to the
aggregate of outstanding securities during the last few
Included in the above payments were 11,873 in silver
years represent a smaller amount of fictitious capital
coin, and 13,248,833 92 in checks drawn against gold
—that
denosited in the Sub-Treasury.
is,
capital
representing no
money equivalent
than probably ever before in our history.
Another
circumstance has further operated to swell the debt
THE RAILROAD INDUSTRY— ITS LARGE
EXTENT AND SMALL RETURNS.
account more largely than the stock account. With
the extension of the railroad system, the opening up of
The one
controlling impression left on the mind new sections of country, and the growth of industrial
an examination or study of the railroad statistics activity in all departments of trade, much additional
of the United States, as summarized in Poor's Manual, work has been imposed upon the older systems, making
is of the vastness of everything connected with the it incumbent upon them largely to extend their facilibranch of commercial activity represented by the rail- ties by the purchase of new equipment and motive
road carrying interests.
If we look at the capital power, the addition of new side tracks, stations, &c.,
invested, stock or bonds, the aggregate of gross revenue and such outlays of course were to a great extent met
per annum, or the extent of transportation service by an increase of debt exclusively.
rendered, we find in each case figures of such large
AVith regard to the amount of the increase in bonds
dimensions that it is difficult for the mind to grasp during 1888, the .addition has been 437 million
them. Even the changes from year to year are on the dollars, which, as already said, exceeds the addition
same scale of magnitude. Previous volumes of the of any other year. As only about 7,000 miles of new
Manual have also revealed this feature, but the growth road were built during the twelve months, this heavy
and development from one period to another are so increase in debt will doubtless occasion surprise. But
striking that the feeling of wonderment and surprise the increase may be supposed to represent in part the
increases rather than diminishes.
No
great expansion of mileage in the year preceding.
The total of capital and debt of the roads of this direct comparison between new track and new debt in
country now amounts to not far from ten thousand this way is possible. Eeports of track-laying come in
million dollars.
Mr. Poor's latest figures make the very promptly reports of new bond «r stock issues to
stock 4,438 millions, the bonds 4,624 millions, the cover the cost of the new road, become public much
unfunded debt about 307 millions, with 238 millions of more slowly, and frequently are not announced till
current accounts, giving 9,607 millions altogether, some time after.
The yearl888 marked the culminawhile on the other side of the balance sheet the assets tion of the activity in new railroad building, and in(cost of road, equipment, real estate, &c., with current volved a closing up and settlement of all the old accounts.
balances) are figured at 9,874 millions. These are note- It will be remembered, too, that in the first half of 1888
worthy aggregates, but they become all the more so if new railroad loans were unusually numerous
the
we go back a few years and see how great the addition object was not to provide means for further new
has been, in this interval of time.
At the beginning of schemes, as the time for that had already passed, but to
the present decade that is, in 1880 the total of stock, cover work previously finished.
These bonds had in
funded and floating debt, was less than 5,000 millions many cases been held off the market because during
—in exact figures 4,872 millions now the total of the 1887 the period for their sale did not seem propitious.
same three items is 9,369 millions, so that in the last At the same time, the other circumstance already
nine years the amount has been nearly doubled, the referred to, namely the purchase of new rolling stock and
increase reaching almost 4,500 million dollars.
This the providing of increased facilities generally by the
increase reflects of course the wonderful extension of older lines, must also be considered as having contribour railroad mileage for which the period is so distin- uted to swell the increase in debt.
Finally, Mr.
guished, for in these nine years the extent of road in Poor's totals are brought down not to the end of the
operation has increased from 86,463 miles to 156,082 calendar year, but to the end of the fiscal years of the
miles.
respective companies, and this makes an important
Two special features are manifest with reference to difference in some cases.
the changes during the late year.
The addition to the total of the stock is also much
We find that for
the first time in a very long while the total of funded greater than in other recent years, though not as large
debt stands heavier than the total of the stock, the as in 1880 and the years immediately following.
In
latter having been in excess in all other recent years. great part the same explanations apply as in the case of
after
;
;
—
—
;
—
.
THE (CHRONICLE.
222
bonds.
The
UG
increuae duriug 1888 was
millious; in
ZUX.
about eight-tenths of one per cent on the stock as
Taking stock and reported by Mr. Poor.
1881 the increase was
debt,
bonds together, and also counting the floating
increase in 1888 was 696 million dollars,
the aggregate
468 millions.
[Vol,
Even at 65,433 million tons, however, the freight
movement shows a very large increase (3| thousand
1887, millions) over the year preceding, and is decidand this followed 510 million dollars increase in
mil- edly the heaviest ever reached in the whole history of
making an increase for the two years of over 1,200
That is certainly a large amount of new United States railroads. The increase is the more
lion dollars.
Europe to remarkable because the conditions were not altogether
securities for the public in this country and
millions and favorable, there having been a falling off in the amount
Yet in 1883 the addition was 738
absorb.
years a still of construction material carried and also a heavy loss
in 1881 876 millions, giving for those two
In order to n certain sections of the Northwest and Southwest on
millions.
larger amount, that is, over 1,600
between the extent of the addi- account of the reduced yield of the crops. Only two
bring out the difference
those in the years before (in 1886) the tonnage movement was but
tions in the four years following 1884 and
an increase of nearly 25
preceding, we have prepared the following 52,803 million tons, showing
lour years
per cent in the two years and making it evident that
table.
STOCK
ASI)
DEBT OF DNITKD STATES RAII.RDVDS.
18S6.
1887.
188S.
there has been no lack of traffic.
Total 4
1885.
rr«
»
»
In the face of
4.438.411,318 4,191.562.0311 3.099,503,503 3,81-,»97.832
Stock
jj,oSr,r./6 67S,7g4fi56
Increase... 7^,S49J1S '<)3.o;3.S^' lSl,Slo,67b
Funded debt 4,«34,035,0ii3!4,18e.9l3,l 16 3,882,9«)),3.30 3,785,7 27,066;
We
I
!
I
437,(x)i,qo7
Iticrcnge,..
total...
iHtrennf.
..
Qd,6rr,2q4
ii7,is<).'<>-f
294,683,071
l4,ooS,2S7
ir.sbSJJJ
qS4,9"l'^S'
239,108.2S1
280,67^.814
t2,i7o,s'S
inf cease...
Qrand
joj.qjd.ySb
^
306,953,5891
Other debt
'
62.2Ss.qq3
r4.44r.6Sj
9,369,396,954 8,673,187,216 8,163,148,652! <,812,5SJ,l';i'
(xib.irr.7jS sro.o7S.!d4 330.6rs.4~J Ib6.r34.r2s T,bQ2.QQ0.0OO
I
I
1880.
1881.
1888.
1883.
t
!
Total 4
rr».
I
8,708.060,583 3,511,036,824 ».177,375,179|2,70S,673,3:6
Stock
4bS,7or,So4 3r3,o26,oS3 rjr2ytr3,2go
Iixcrtast.... rg7,024.7S9 333,bbo,64S
Funded debt... 8,500,879,914 3,235,543,323 2,S78,423.806|2,5:i0,874,943
Ineretjut
s6s^36^gr 3S7<rrq,7r7 347,S4S.66j 2rr.3Ss.77r \r,rSr^qc.742
268,925,285
Increase.,..
total.
Increase
*
..
270,170,962
222,706,267
162.48ll,9;)»
'r,24S,677
Other debt
Grand
I
47,404,69s
60,276.32s
S,6oS,SS7
\
73S,rSs,os7
feature.
of business, the financial
referred last
week
to
the loss in
net
coincident with the gain in gross. But the gross itself,
thoui^h larger than ever before, appears meagre when
we have regard
to the total of
ca^ntal represented.
In
other words, with 9,369 millions of stock and debt, we
have an annual <//'oss revenue of only 960 million dollars
—that
but 10 per cent gross on the same. It is
obviously difficult to make any direct comparison with
is,
other industries in this respect, since in their gross
sales the cost of the raw materials enters into the con-
In the matter of the farming industry,
would seem as if the home value of the produce raised in relation to the capital invested, might be
considered as in some degree furnishing an analagous
however,
S76j26,7qs 530,020,740 2,6oS,S4S,26s
Decrease to this amount^ tbis year.
Thus the
growth
sideration.
rr2,044.233
7,477,865,782 7,016,750,108 0,278,565.052 5.402,038,257
4br,trs.b73
this
operations constitute a very disappointing
of
results
difference in favor of the later period
—
913 million dollars that is to say, while in the
years 1880, 1881, 1883 and 1883 there was 2,605
lion dollars of new stock and debt created, in the
years ending with 1888 only 1,692 million dollars
is
basis.
it
Hence
it is
interesting to note that according to
four the census of 1880, with about 13,000 million dollars aa
mil- representing the value of farms with implements and
four live stock, the estimated value of the farm productions
was was 3,313 million dollars. AVe have made an attempt
though the process of in- to see how the value of the product stands at the prescrease has been, it has been on a smaller scale than in ent time, and by taking the latest figures as published
by the Department of Agriculture at Washington (some
the preceding period of active construction.
been dealing with very heavy totals. covering 1887 and some 1888) find that counting only
So far we have
But when we come to the figures showing the transpor- the cereals (corn, wheat, oats, rye, barley and bucktation work done, in passengers and freight moved one wheat) and cotton, hay, tobacco, and potatoes, and
created, showing that fast
mile, the others appear small by comparison.
equivalent of 11,190
million
Thus the leaving everything
passengers one mile was
carried during the year, the increase alone reaching 020
In the case of freight, the increase in the
millions.
tonnage movement one mile would appear to have been
nearly 9,000 millions, raising the aggregate to 70,423
millions.
But unfortunately there is an error of 5,000
millions in the figures, as, according to the itemized
statement, the footing should be 65,423 instead of
70,423 millions as given.
The
error
would not be
of so
much
else
out of the consideration, the
This difference
between the 960 million gross earnings of the railroads and
total
reaches 3,143 million dollars.
the 3,143 gross selling value of the farmers' cro^js (not
the other produce raised), leaves a very
to speak of all
great margin
in favor of the agricultural classes,
how-
ever^one estimates the present value of the farms.
But look at the net return to the roads. Mr. Poor's
figures show that with an average of only 4"17 per cent
paid on bonds, the amount paid on stocks was but 1'77
In 1883 it had been 3 -75 per cent, so that
per cent.
importance except that it seems to affect all
and deductions the rate per the amount is steadily growing less and at a striking
ton per mile, the average length of haul, and the per- rate.
Yet the granger legislator is still engaged in the
centage of increase as compared with the year preced- effort to scale rates down and further diminish profits.
ing, all of which must be wrong because calculated on He wiU claim, perhaps, that the stock account of the
this erroneous basis.
But on the
So, too, Mr. Poor's statement railroads is largely composed of water.
that had the rates received in 1887 prevailed in 1888 basis of a return of 1-77 per cent, it might even be
the difference would have been sufficient to pay more two-thirds water, and yet leave only a little over 5 per
of Mr. Poor's calculations
—
than 3 per cent upon the total amount of stock outstanding at the end of 1888, comes wide of the mark
because of this error, for the fall in rates and the tonnage on which the reduction has been calculated have
both been taken too large. We may say, however, that
the loss represented by the rate reduction is more than
sufficient to offset the whole decrease of 33J millions in
net earnings referred to by us last week, and would pay
Moreover in the Southwestcent on the other third.
group the dividends paid have been only 83
em
hundredths of one per cent (a decline of 1'03 as
compared with the year preceding), and in the
Northwestern group but 52 hundredths of one per cent
(against 0-97 per cent
these show at once
in
Do not such facts as
and how ruinous is the
1887).
how absurd
policy of Western State Railroad Commissions
?
1
AuatST
.
.
.
—
i
THE CHRONICLE.
24, 18S9.
223
come for discriminating sharply between the
and the undesirable classes, and that existing
The immigration movement to this country which laws for shutting out paupers, &c., are being rigidly and
had been on a heavily increasing scale during the two not laxly enforced, so that it is not an easy thing for a
years ending June 30, 1888, in the late fiscal year took jjcrson excluded under the laws to come in.
EXTENT OF THE IMMIGRANT ARRIVALS.
the time has
desirable
When all this has been said, however, in explanatioa
a sharp downward turn again. The exact number of
arrivals for that year has not yet been definitely of the falling off in the movement during the late year,
the
ascertained,but from the preliminary statement issued by the fact remains that the arrivals have still been large,
the Bureau of Statistics, covering the principal ports, reaching at the ports included in the preliminary stateand which usually get 98 per cent of the entire move- ment, and which as already said furnish about 93 per
ment, it would appear that the number, of immigrants cent of the total, 438, 61-4. Prior to the present decade this
landing here during the twelve months ending June would have been regarded as a very heavy total. la
30, 1889, was about 100,000 less than in the twelve fact, up to 1881 that number had been only four times
approached or exceeded. Of course, as compared with
months immediately preceding.
The extent of the arrivals in any one year is governed gome of the other years in the interval since 1880, the
•
The
state of trade in total does not appear quite so striking.
Thus in 1881-3
Europe, the crops the arrivals were nearly eight hundred thousand
But that was the year of maximum total, and
here, the crops abroad, with the other conditions affect- 788,992.
ing the general situation, all constitute important it was reached during a period of very exceiJtional condiIn the late year there was no tions. Taking that year, together with the year immefactors in the movement.
by a variety of circumstances.
this country, the state of
trade
in
movement, while on the other
hand there were some circumstances that would naturally act to discourage intending immigrants from leaving their native lauds. That the causes operating were
pretty general in their nature is evident from the fact
that the falling off from the previous year is not limited
to the arrivals from one or two countries, in which case
the decline might bs attributed to local or special influspecial stimulus to the
diately preceding
that
find
immigrants
and that immediately following, we
this
in
were
The
reasons
been
many
foi
period
The
told.
—the
the
arrivals
two
over
exceptional
this
times
very unsatisfactory
triennial
considerably
of
millions.
influx
have
situation abroad was
crops poor, labor dissatisfied,
The United States,
had been blessed with a series of good
ences, but is noticeable in the case of nearly all the crops, and owing to the shortage in Europe was able
countries from which immigrants have come, the to dispose of them at very remunerative prices. Wheat
detailed statement furnished further below showing commanded high, figures, and our farmers were happy
indeed only one exception to the rule.
and contented. At the same time all other prices here
The crops last year in Europe were perhaps not as were high, and we were going through a vast speculagood as they might have been. But neither were they tive era, under which it seemed as if there was no end
in this country, our yield of wheat having been decid- or limit to our growth and expansion, and the foreignThe prospect of a general ers came to regard the United States as a veritable land
edly short of the normal.
European war, ever present, was no more threatening flowing with milk and honey. The reaction followed
than before. On the other hand, trade abroad would quickly with the change in conditions, and from 1883
appear to have distinctly improved during the last year on, the movement steadily and sharply declined, till in
or year and a half.
This is certainly true of Great 1885-6 it got down to only 334,303. After that, with
Britain, where a marked revival of business has been in the upward start to business given by the trunk-line
progress, embracing nearly all the leading industries. settlement in 1885, there was during the next two years
Under this revival prices have advanced, and the labor- a very sharp recovery, the total for 1887-8 being up to
and
the
gloomy.
outlook
however,
much better nearly 547,000. In the late year for the reasons
wages than for some time previously. Such conditions already stated, a falling off took place again, with the
of course would have a marked effect in checking any total 438,614 for the principal ports, or say 447,000 for
tendency to a large exodus, especially where the pros- the whole country. The following gives the arrivals
l^ect on this side was not for the time being quite so for each of the last 39 years.
For here, while business has been of large pro- I5IJIIGKATI0N MOVEMENT INTO U-NITED STATES FOB THIRTY-NntE TEARS.
good.
portions, the margin of profit has remained very close,
So. of
.Vo of
y-o. of
PeHod.
Period.
Immifjr^ts
IinmUjr*ts
Immior*tti.
and this of course has not been encouraging to higher
Yr. end. J*n«S0
\Tr. end. Dec. 31
Tr. end.
wages, while in some cases necessitating a decline.
247,453 1876
379.466 1888
169,988
1851*....
1877
141,857
371,603
793,903
Another circumstance to take into consideration is 1852"....
Syeais..
1878
Ids 469
868.645
1853'....
17" 826
187^
427,833 Jiin.ltoJ^neao
the effect of the revelations made before the Con- 1854'....
ing classes have been able to get very
;
IS65*....
Immigration Committee during its investigations last year.
It was there shown that the fiow of
immigrants this way had not been so entirely spontaneous as generally supposed, that many of the immigressional
1856
1«>7
183?
1889
ISOO
grants were allured here by false promises, that the
Tru 80
118,616
150,237
5 years.
1861..
1862.
"831,156
89,721
89,007
1863..
disclosures at this investigation were given a wide
174,524
1804..
ig.'i.iw!
'
1.065,395
298,967
K2,189 1881
240,()l.'i
119,501
457 257
5year«
669,431
788,992
603,822
518,592
3^5,346
852,7681 18S8
387,21)31
1870
1.487,231-
45^ yeara.
1883
1884
1885
187!
321,3.->o|
1872
employment and wages expected were not forthcoming,
leaving many of them in indigent circumstances and
only too glad to go back to their native lands, while
instances of bad treatment were by no means rare.
The
18K0
1866,
200,877
1,748,424 Tr. end.
1867
195,857 1868
'
5 ;eare.
404.8001
1873
1874
459.803; 1886+
818.339'
1875
6 years.
Sjea»
lS87f
,
2^7.4«^}
1.726,79.1 ISS9+
In tliese years immigrants were not distiQiUlsUeU
2,975,663
334,203
490.109
546.889
t43S.0I4
from other pas-
Bf'"^
tUe
Europe and doubtless exercised consider- '*rNo"ineUi.lmtf in tUeso yearsfrom iiumierauta .^rrMiVJ from ended
Me.'iico, whirh for the year
North .'Vmerloan proTiuccs and
33,014.
able influence in checking the tide which at that time June;iO,l«85 (the last year repo ted), reached customs districts wHIoIi
,,^,,(„,.„^.„,,
few minor
t Returns for 1SS9 do not include a
bad again set so strongly towards the United States. have not yet reported.
As vPtrarda the above table, it is well to say that
regards
It is also a fact that immigration j.^, se is no longer so
.
^
^. „„.„.. per .,„ .„
o- -of
iayorably regarded as before, that the best minds think during the last four years no account haa beeu taken
circulation in
I
THE CHRONICLK
224
there being no
the arrivals from Canada and Mexico,
in reference to
law bearing on the collection of statistics
and the returns
paaaengers coming across our frontiers,
them
furnished haring been so imperfect as to make
worse than useless.
to
There is one other point of interest with reference
movement, and that relates to the
this immigration
This vast army
character and nativity of the arrivals.
persons which came into the country during
of 438,614
Did the
the last twelve months, how was it made up?
[You XLIX.
EGYPT UNDER LORD SALISBURY.
Among the questions of
world-wide interest connected
with foreign parts those which have had relation to
Since
Egypt are entitled to a place in the front rank.
the time of our American civil war that country lias
Our war
been undergoing very special experiences.
gave Egypt, as a cotton-growing country, great opportunities; and the then ruler of the country, Ismail
Pasha, was just the kind of man to appreciate and iu
any liis own peculiar way to take advantage of the situation.
is
better or the poorer classes (as far as nationality
would seem
guide) predominate? On that point there
Great Britain sent
very little reason for complaint.
amounted to revolution. Every available
piece of ground which had for generations been given
up to the cultivation of corn and rice and maize was
153,159 or over one-third of the whole number, while
given up to cotton. The mills of England were thereby
99,401 came from Germany and 48,719 from Sweden
assisted, money flowed into the Egyptian treasury, and
and Norway. Austria furnished 20,123 and Russia and
The
result
the fellaheen obtained larger wages; but prices rose to
Poland 38,82G, of which latter only 4,922 were Poles.
height unparalleled in thq. previous history of the land
The effect of the immigration investigations last year a
Our civil war came to an end, the
of the Pharoahs.
arrivals
is particularly seen in the great drop in the
against cotton trade resumed its former channels, and less
from Italy, which for 1888-9 are only 24,846,
money flowed into the Egyptian treasury. Prices were
51,558 in 1887-8. From Bohemia the arrivals were but
needed to restore the Egyptian
the following table to show still high; and time was
We have prepared
3,085.
fields to corn and rice and maize.
the composition of the movement not only in the late
A counter-revolution followed, which, spite of the
year, but also to afford a comparison in that respect
temporary glamour cast over affairs by the success of the
with the other years preceding.
Suez Canal experiment, went on and finally culminated
COl'NTBIES FROM WHICH IJIMIORANT8 ARRIVED.
in the
Countrln.
|
ud Wac*.
KlCl'd
Iratand
Bootluid
Tot.
1889.
1888.
i
1886.
|
Rut. rin APol'd..
S,9I8
14,0BS
as.tea
Bvaden A Hotwmj,
48,719
Han'r.
l>«om%rk
Netherlaodi
8,699
6,460
S4,846
Italr.ftc
18,699
IS.iM
Amcitca
All other coaott l»
20.430
e.4Si
5,034
19,927
19.835
,
1882.
9.22o!
9,<160'
11,869!
18,9:i7
12.421
39,318 36,894
72,»6X 99.105
8,962
8,524
6,84»
4,B0«
21,731
47,622
5,214
21,31!
14,S32
8.841
51,l»8
•
7,73'
•
n.2ss
16.327
7,06'
Swl'serland
Brll. Ni>.
188?.
[
2&.8S4
Aoitrlm
France
ft
18M.
1?S5.
Brit'n. 153.IU) 182.203 161,748 112,Mt99.491 109.717 106.865 84,40!<
Gennanr
Buhemia
j
0a,4U B4.23S 74.078, 60808| 48.487' 5«.8tl0; M,^^^\ 84,0M
«5,4W 73.513 68,870 49.61BI SNTfto 63.344 81,480 7fl,4:!2
I8.«l«', 84.467|
GL
1887.
16,««C'
S,31|.
of
fall
Ismail
Pasha.
Radical reconstruction
was necessary, if the country was not to be allowed to
go to ruin. The uprising of the native army under
Arabi Pasha made foreign interference a necessity.
The two countries most interested were Great Britain
and France. Great Britain invited France to join her
France disin putting down the Egyptian rebellion.
covered certain technical difficulties, raised objections,
suggested unreasonable conditions, and finally refused
to have anything to do with the matter, thus leaving
40.51(
6.22!
2,314
4.8«
Government
the British
•
The bombardment
to
deal with the difficulty.
of Alexandria, the lauding of troops
on the banks of the Canal, and Wolseley's brillian t
onslaught on Arabi at Tel-el-Keber followed'. Egypt was
NOTi:.— The totaU for the last four years do not Include arrivals trom
the British Nor h Aiucrican provinces or Mexico, nor for 8889 iLo now in England's hands; and she must make the best
luuulKrauu. arriving at a few minor customs districts, (or which full
It was the opinion of many that she would have
of it.
rejiortj have no: yet been published.
From this we see that the contribution from Great done well if she had annexed Egyptian territory and
Britain has been on the whole very steady daring these put it under the care of a viceroy.
In place of doing
eight years, that country having furnished 179,423 in so, she sustained Tewfik, the son of Ismail, on the
1881-2, the year of heaviest arrivals, and 153,159 in Khedival throne, and came under obligations to give
1888-9.
On the other hand the movement from him needed support. Trouble arose later in the SouGermany has very heavily fallen off. Not quite 100,000 dan and with the forces of the Mahdi. Active warfare
persons came from the German Empire in the luto again became a necessity
the British and Egyptian
year, against over two and a half times that number in troops drove the rebel invaders back
but an imperfect
Sweden and Norway have also sent considerably peace was stained by the murder of Gordon at Khar1882.
Grand
"
Xot
total,...
4aS.6H
>46,88'.
190,109 i84.a0:
I95.34« 518.592 808,822 788.H1)2
collected.
1
;
;
the figure for 1888-9 being 48,719, against 93,708
From British North America 98,295 were
toum.
in 1881-2.
to
reported in 1882, while nothing from that source, as
already stated, has been counted in 1889.
Those
much
le88,
arrivals,
prestige,
in general estimation.
In these years victory and disaster were singularly
however, covered not Canadians but immigrants blended.
of various nationalities in transit through Canada, and
doubtless had in part already been reported at some
disaster was a damaging blow
and the British power suffered
The Khartoum
British
A
strong feeling prevailed that the disaster
could have been avoided, and that
it
came
as a result
Great Britain had done s6 much
United States ports, being thus to that extent dupli- that the popular voice said she ought to have done
cations.
Taking Germany and Sweden and Norway and more. She had made sacrifices so great and so costly
allowing for the arrivals credited to British North that she ought to have claimed her reward.
She had
America, it is found that nearly 300,000 of the 360 - assumed so much respohsibility that she ought to have
000 decrease between 1889 and 1882 is accounted for, assumed the whole. For the policy of that period Mr.
of
mismanagement.
though the other leading countries, witli only two Gladstone is, no doubt," to blame. -Jingoism, which
exceptions, also all show diminished numbers.
As com- had come to be applied to the firm, vigorous, but
pared with the year preceding, every country with
the bizarre policy of Lord Beaconsfield, had come to be unexception of the Netherlands, has had some part
Mr.
in popular with a large part of the British people.
th.
off of over 100,000 iu the
arrivals, a.s Gladstone, who had contributed largely to bring Jingoall.
ism into disgrace, was wanting in that kind of boldness
AUGUST
and
24,
THE CHRONICLR
iseo.j
dariiii; whicli
were necessary to enable liim to give
his country the full benefit of her
work and
sacrifice in
Egypt by immediate and complete annexation.
his
of
For
failure in those days, as well -as for other mistakes
policy,
he
suffering to-day.
is
His great services
to
remembered with pride but
record render the more con-
his country will ever be
;
the very brilliancy of his
225
what to the surprise of the outside market. During the week
ended Wednesday niglit only £94,000 in gold had been with
drawn from the Dank of England for export, and as the Pari*
oxchangf ui)oii London rose on Wednesday to 25-18, it was
assumed tliat the French demand had been satisfied for the
time being.
It was therefore expected thai the Directors
would make no change in their rate until next week, the more
on Monday two millions of treasury bills are to
Since the Directors have put up their
rate it is concluded by many that they must know of some
large demands coming upon the market of which the general
particularly as
be offered for tender.
spicuous his mistakes or failures.
Latterly Egypt has passed under better influences.
Improvement set in with the advent to power of the
public are in ignorance. This may be so, but it is not necesMarquis of Salisbury. We cannot say we are great sary to assume that it is to justify the action of the Duectors.
But he has one grand In the first place, the expansion of the internal circulation is
admirers of the Tory Premier.
quality, a quality indispensable in the management of very rapid at present. About £.580,000 in coin and notes were
great affairs, and absolutely essential in a ruler of men. taken from the Bank for the internal circulation during the
He has convictions, and he has the strength of them. week ended Wednesday night, and owing to the continued
improvement in trade, harvest operations and holiday-making,
He has firmness and decision. Under him, Egypt has it is likely that
the withdrawals will be for a considerable
been properly cared for. He has encouraged enterprise time to come on a very extensive scale. Besides, it usually
for the good of the country; and the finances have been happens that the foreign shipments in the latter half of the
and it is known that there
so well managed that in place of each year opening uj) year greatly exceed the receipts
deeper depths of despair there are now in some depart- are large demands to come upon the market this year. But
the reserve of the Bank of England at present barely exceeds
ments encouraging balances. The recent proposal to con11}^ millions sterling an entirely inadequate reserve at this
vert the Egyptian Preference Debt, if successfully carried
season of the year. Moreover, the stock of gold held by the
out, would have saved money to the Egyptian Treasury Bank is under 21 millions stei'ling. There is some doubt
DeiJartment, and would have enabled the Government whether rates in the outside market will follow the Bank rate.
One of these, it was But the doubt appears to be not weU founded. It is true tliat
to carry out extensive reforms.
though the joint-stock and private banks and the discount
distinctly stated, was to make provision for the more exhouses raised on Thursday the rates they allow upon deposits
tensive storage of the waters of the Nile, so as to meet
to 1}£ per cent for money at call and 1% per cent for money
more effectually the agricultural wants of the country in at notice, the discount rate did not rise proportionately. But
the later season when the river was low a most desirable there is evidence, nevertheless, that the supply of loanable
improvement, and one which when carried out, as it capital in the outside market is much smaller than appears at
will be sooner or later, will put the Egyptian land on first sight. In the tirst place, the outside market borrowed
night about
an entirely new basis. Another was to build several from the Bank during the week ended Wednesday
£600,000, and since Wednesday the borrowing has continued,
new bridges across the Nile at points where improved
although the Bank charges 4 per cent for short loans even
communication is necessary. These improvements have though its discount rate is only 3 per cent. It is inconceivable
been temporarily hindered by the refusal of the French that this could happen if the supply in the outside market was
Government to come to any fresh terms with the British not small. The doubters, however, point to the fact that the
in regard to Egypt until the latter name day and date " other deposits " at the Bank of England are exceptionally
;
—
—
from the country. It is a mean thing large, exceeding 27 millions sterling. And in
are included the unemployed money at the disposal of the
the whipping-boy of Britain,
outside market. But the fact shovild not be overlooked that a
and to punish her as one has put it, for the other's large proportion of the "other deposits" consists of money
** sins of omission and of commission!"
That, however, which really is not at the disposal of the outside market. The
Bank of England has lately taken charge of the Egyptian
is what France has done.
these deposits
for retirement
for France to
make Egypt
In these circumstances
it is
gratifying to
know
that
Gtovemment account
in this country,
and
it
is
likewise the
banker of several Colonial governments.
a firm hand is at the helm of British affairs. When
The price of silver is slightly lower. During the week the
France made her reply to the British proposal, the situBritish Mint has been buying upon a small scale, but the deation was at once accepted.
No promise of retirement mand for India and other countries has been quite insignificould be given and the conversion of the debt plan cant. The reports from the India districts affected by drought
was abandoned. At the Mansion House, since. Lord are better, good rain having fallen.
From an official return issued this week, it appears that on
Salisbury made it plain to the world that England had
the 5th of November last the unconverted three per cents
no intention to abandon Egypt until her work was done;
outstanding amounted to a little over 42i^ millions sterling.
and more recently, from his place in the House of Lords,
Since then there have been redeemed or converted nearly 30
in reply to a question put by Lord Carnarvon, he was miUions sterling, leaving the amount yet unconverted a little
even more emphatic.
England's policy in Egypt, he over 12>^ millions sterling. The holders of this balance have
said, would not be altered a hair's breadth.
Egypt had been credited with cash which they may claim at any time
case they do not avail of
prospered, and she was prospering, under English ad- before the 1st of October next. In
;
the claim they will be given in exchange an equal nominal
was impossible to fix a limit to the
amount of 2% per cent stock, and the conversion wUl thus be
" The completed.
occupation of the country by British trooi)s.
Government had entered into obligations which it must
Tlie weather at present is causing some anxiety to our farmfulfil.
Egypt would be cared for until she was able ers. Wheat-cutting in the south of England began last week
under very favorable conditions, but at the very end of the
to take care of he'-self."
Such words inspire confidence. There is now a rea- week the weather became bad, and since then it has been
squally and showery. Unless there is a speedy change it is
sonable hope that this long- misgoverned country will
feared that the condition of the grain will so greatly deterirevive and reveal somewhat of her ancient prosperity.
orate, that like last year most of it will lie unfit for milling
purposes without a large admixture of foreign grain. If. how-
ministration.
It
weather improves, the year jwomises to be one of the
our farmers have had for a long time past. Some of the
wheat, no doubt, has been lieaten down by the recent high
winds and heavy rains, and reports from the different parts of
the country are that the crop varies greatly in quality and
quantity. But taking the whole United Kingdom together,
ever, the
be.st
[From our own oorreBponcIent.I
London, Saturday, August 10, 1889.
of England on Thursday raised
discount from 2}^ per cent to 3 per cent, some-
Tlie Directors of the
their rate of
Bank
.
.
.
THE CHRONICLE.
226
The same may be
the crop is wtnewhat over the average.
The hay crop hiw been one of Uie laigest
eaiil o( U»e oaU crop.
and wa* got in under
in the Ufetime of the present generation,
and
circumstances. Potatoes are very abundant,
favorable
indeed, that
the root cToyia all promise weU. The only croiM,
barley
do not compare favorably with those of last year are
has been greatly delayed by
Uarvesting in France
and
,
.
beona,
The reports
the bftd weather of July and U not yet completed.
has suffered much in many localiindicate tliat the condition
was expected at the
ties, and that the yield will be less than
The crop in Italy is bad, but in Uie rest of
beginning of July.
Western Europe it is very goo<l. Groat damage has been done
m
m
Roumania,
Austria-Himgary and
in Southern Russia,
and ujwn the whole tlie accounts from Gennany are unfavorRespecting the yield in Russia, the evidence is very conable.
Every one agrees tluit the winter-wheat crop is a
flicting.
that
failure, but while the oflicial reports represent the yield of
only about 80 per cent of the total producclass of wheat to be
tion of the Empire, commercial reports represent it to be very
Tlien, again, the official reports respecting the
larger.
spring wheat crop are more favorable than the commercial
It seems safe to affirm, however, that while tlie
reports.
much
[
XLIX,
/or..
Tlie Board of Trade returns for July arc very satisfactory.
the exports of British and Irish produce and manufactures
being the largest in any single month since 1881.
amounts
The value
an increase compared
with July of last year of over i<i% per cent, and the value of
the exports of British and Irish produce and manufactures is
£32,050,000, an increase of about 6}{ per cent. Entrys and
clearances of ehiiw likew^ise show increases. For the seven
months of the year the value of the imports shows an increase
of about 10} 2 per cent, and that of the exports about 5} 2 per
cent. For the month there are large decreases in the imports
of wheat, cotton, sugar and tea, but the imports of wool are
nearly double, those of jute have largely increaseil, and indeed
there is a large augmentation in the imports of raw mat<?rial3
of manufactures generally. In the exports there is a very
general increase, the only important exception being hardware
and cutlery and woolen fabrics. Iron was exported in larger
quantities to the United States, Germany, Russia and Belgium.
The following is a fuU statement of the imports and exports
by months
of the imjX)rts
to £35,873,000,
:
—
Exports.
January
February.
1888.
1S8!».
..
.
Per
Difference.
£18.583,671
18.992,423
19,047,317
17,775,474
19,276,225
19,042,845
20,762,178
S,20A7i>.3il
18,609,284
21,381,427
+
-
+£1,895,670
—
383,139
2,334,120
March
+
wheat-importing countries of Europe have a larger yield this April
19,.ie9,fi47
+ 1,794.173
20,335,738
+ 1,059,513
year tlianlast year, the yield in the European wheat-exporting May
— 430.339
18,612„506
June
The European demand on the •luly
1,2-<3,201
22,050,379
countries is decidedly smaller.
rest of the world, therefore, is likely to be larger than during 7 months
«141.033,322
£133,480,123
-(-£7,558,199
the past twelve months, especially as it is believed that in most
Exports of foreign and Colonial produce:
cases the stocks of old wheat remaining over from past years is
18S9.
1888.
D'fferenre.
Exports.
smaller than it was twelve months ago.
£3,963,925
January. .. ..
*j, 614,558
+ £1,650,633
5.289, igl
119,''20
February.
5,408,311
+
The visit of the German Emperor to this country has
6,003,975
5.254.503
March
+ 749,472
but it lias not the political April
5.100,207
473.620
been a brilliant success
5,573,827
+
— 4l5,6'i2
6,731,537
7,147,199
Miiy
significance which is being attached to it by the German Juuc
5,H20,1I3
— 8!2,111
4,507,702
— 332,756
6,511,391
6,178,635
and Austrian press. Englishmen naturally desire to show Juiy
honor to the grandson of the Queen and the sovereign 7 months..
£10,018,545
£38,586,629
+ £1,431,916
1881).
1883.
Diferenee.
Imports.
of a great and friendly country. They have not, however,
January
..
£38,025,774
£31.80 .•,988
+ £3,222.786
any intention to mix themselves up in alliances which would February.
32,311,877
29,532,776
+ 2.799,101
36,223,883
..
32,590,821
+ 3,035.062
involve their country in European complications and might March
.
+
+
+
+
+
:
.
.
el.
10-20
2 02
12-25
10-09
5.50
2-2«
6-20
5-66
Per el.
+ 41-65
+ 2-25
+ 14-26
+ 9-29
.
;
- 5-81
— 15-27
-
5-11
.
+
3-71
..
+
+
+
+
Per
.
Apr.l
any moment into hostilities with Franco. Still, the May
June
effect of the meeting and the courtesies that have been July
exchanged between the two sovereigns is likely to be beneficial
drag
it
at
to the stock markets. Its influence for the moment is neutralized by the note addressed to the great Powers by the Greek
..
..
..
.
7 months..
.
..
37.225.549
34,802,137
29.294,015
35,873,247
£243,531,782
+ 5,126.856
+ 4,431,662
— 1,184.839
+ 5,166,835
+ £23,133,263
39,370,775
30,478,851
30,706,412
£220,398,519
32,093,6:13
et.
9-26
9-41
11-15
15-97
14-59
3 89
16-82
+
+
+ 10-51
Bank of
-
The following return shows the position of the
England, the Bank rate of discount, the price of consols, &c.
Government asking for their interventicn in Crete. The note
compared with the last three years:
is an important one, as it makes the Cretan an international
question.
0X13
But nobody beUeves that the troubles in Crete, seriEuropean peace.
1869.
Turkey does not very quickly restore order, the expectation
is general that the Powers will intervene, and will compel the
necessary concessions to be made. If this is done, the probability appears to be tnat we shall soon witness a very marked
recovery in the market for international securities. On
Thursday next the redemption of the Russian bonds not conIf
A
verted last May will begin.
coasiderable proportion of
those bonds, it is known, was not converted, and the uncouTerted bonds are chiefly held in Germany, Holland g,nd this
country. The redemption will transmit from France to
Berlin, Amsterdam and London a considerable part of the
gold lately accumulated in the Bank of France, and it is hoped
that this may restore ease to the money market. At all events,
beheved that the beginning of redemption will be quickly
followed by a recovery on the Paris Bourse, as the French
people have been making much money of late, and as the
Olronlatlon
PabUo deposits
Otb«r deposits
current.
In the meantime business on the Stock Exchange here
exceedingly inactive.
The attendance is very small,
nobody seems inclined to engage in new
for American railroad securities there is
risks.
assist
in
m
New York, though
25,239,750
S,38».528
2,909,301
24,391.103 24,734,440
25.4'i7,745
15.345,424
ll.lS-8,370
any
there
a strong determination not to take the lead here. For
the
moment there is hardly any market. One of the principal
dealers said yesterday that a transaction involving
a thousand
shares would send up or send down prices,
according as
is
the
shares were bid for or offered. And he
added that ho himself
wwtld not be inclined to make a price for
more than five
hundred slwros. as it would be very difticult
for him to carrv
out the operation.
3.353,542
24,423,244
17,838.448
assets to liabilities.
Bank rate
Consols
. .
16,367.396
20.625,»26
GlAserTeof uotesand ooln..
Coin and bullion
18,510,^3:
19,097,21>5
19.9;9,138
11,677,558
10,058.160
11.283,006
11,752.331
20,916.34S
33 3- -.6
20,099.800
20,773.665
21.430,070
S
p. 0.
89M
Sp.
42
lOVij
0.
3p.
c
S^P.O
»S>^
9bH
134,597,00* 99.673,000105,152,001 100,818,000
Gleartns-Honse retam
The following shows the imports of cereal products into the
United Kingdom during the first forty-nine weeks of the
season compared with previous seasons:
1888-9.
IMPOKTS.
1887-8.
1885-6.
1886-7.
owt. 56,216.111 46.660.621 50.849,443 46,9 43,979
9,728,96s
Barley
18.126,602 18,599,032 15,777.001
15,86 ;,56i 17,183,280 13.201.094 10,231,910
Oata
1,935,970
2,222.487
2,»(71.335
2,412, 5.=.8
Peas
2,903,844
2.967.398
Beans
2,609,160
2,431.087
3 ',582.573 23,1,35,819 29,261,708 29.533,843
Indian corn
13.566,245 17,103,798 15,i!04,350 13,763,074
Flour
Supplies of wheat available for consumption (exclusive of
Vheat
stocks
and
In the market
£
23.3il.840
on September
1):
is
stiU the beUef that
business bye-and-bye will become brisk and large,
and as previously said, the disposition of operators is to
upward movement that may begm
£
27.3'10.587
it is
great financial houses all over Europe have entered into contracts to bring out new issues and to carry through coiiTersions which require much higher prices than are now
1886.
4887.
£
36,331.550
4,459,321
G^OTarnment seoarltles
Other seonrltles
E*rop.
1888.
f
as they are, will be allowed to imperil the
Imports of whoatcwt. 50,216,111
13,506.215
Imports of llotuSales of home-grown. 34,325,920
46,660,024
17,413.798
36.835,843
1886-7.
50.849,113
15,904,350
30,336,903
•
1885-6.
46,913.979
13.T6J.074
39,937,788
Total
104,608,276 100,905,263 97,040,756 100,699,841
1885-6.
1888-9.
1886-7.
1887-8.
week. 3i)a. 8d. 333. 8<1. SSs. lid. 31s. 8i.
Aver, price wheat
Aver, price wheat ....season, 303. 8d. .303. 81. 333. Id. 308. 9a.
The following shows the quantities of wheat,
flour
and
maize afloat to the United Kingdom:
This week.
Wheat
Flour,
Maize
equ^
qra. 1,733,500
210.000
to qrs.
ars.
503,500
Eiia;ll«U
The
Last week.
1.519.000
200,000
531,000
1888.
l,81i,o00
167.00J
31J,0U0
1887.
1,949,000
15^.000
326,000
Financial 7Iarkets— Per Cable.
London
week ending Aug. 23:
daily closing quotations for securities, &c., at
are reported by cable as follows for the
—
.
August
THE CHRONICLE
24, 18?9.]
Mon.
London.
Bllver, per oz
&
Thur$.
627„
73^1
23>9
Paul....
stuck
niinols Central
St.
common
109
131
109
131
63
109
131
Canadian Pucitlc
Ohio. Mil.
Wed.
Pri.
42S|8
425,8
426,8
425,8
425,8
93 -a
983,8
983,8
935,8
98>s
9314
98^4
985.,
98^18
85-70 85-67>2 85-82 '3 85-9,V
85-5o
d.
Console, now 2%percta.
for account
do
Ffcli rentos (In Paris) f r.
U. 8. 4129 of 1891
C. 8. 48 or 1907.
£rle
Tuet.
131
03
63%
73I3
2358
735a
2358
119%
54 Is
22%
1 09 '-3
120
28
119
54 ig
22'a
10958
22%
1095s
109 ^
71%
22^8
1091,
2359
54 18
22=8
62>«
73%
119%
5II4
120
PennsylTania
FMladelphia A, Reading.
Sew Yori Central
109
131
1(19
53%
©ffmmeKctal ana ^*^"^^5y^^^5^^;5[^*^'^
—
National Banrs. The following National Banks have
recently been organized:
4,091— The Frankfurt Nationiil Bank, Ky. Cipital. $100,000. J. 8
McKendriilc, Fr -sldimt: Jno. W. Pruett, Cashier.
4,092— The First Xitioiuil Hank of Jiannette, Pa. Capital, $55,000.
Sillers Ml-Ki-c, Pre.sidonI; Charles K. Smith, Cashier.
Firat N.itioiial Bnnk of Bastrop, Texas. Capita!, ^50,000.
J. C. Buchanan, President; 8. Duncan, Cashier.
II.
4,093— The
—
Imports and Export.3 for the Week. The imports of
last week, compared with those of the preceding week, show
a decrease in dry goods and an increase in general mercliandise.
The total imports were $11,690,073, against §9,461,863 the
preceding week and $9,779,379 two weeks previous. The
exports for the week ended August 30 amounted to |6,.539,933,
against S6.077,03.'5 last week and §6,764,.594 two weeks previous.
227
Arkansas & Texas Road, south to Alexandria, La., on theTe.xas
Mr. Harlow M. Hoyt of New York is President of
Pacific.
the company.
&
Mauhuttaii Elevateil.— Judge O'Brien, of the Supreme
Court, granted the petition of the Metropolitan Elevatea Railroad Company for the appointment of commissioners to appraise and fix the value of the easements and rights taken
llie operation of tlie road in West Third and West Fifty-third
The majority of the property-owners objected, but
streets.
tlie questions of law wore passed upon by Judge Andrews
m
when he appointed commissioners for this purpose
on other streets. The company claimed
in regard
that they
could not purchase the easements because of the refusal of the
owners to agree upon reasonable considerations. The property-owners cjntended that the company was estopped from
bringing such proceedings by the Statute of Limitations, and
also from the fact that suits were pending against the company. The Judge finds that this statute is not a bar because
the proceedings to condemn are to be regarded more as anNew York World.
oliligation than as a right.
Tennessee Midland. The Virginia Construction Company,
which is building this road, is to immediately put a large
force on the 8.5 miles between Perry ville and Nashville, Tenn.,
which yet remains to be built to complete the road from MemThe road is opened to Perryville, on the
jihis to Nashville.
Tennessee River, 135 miles from Memphis.
to property
—
—
The attention of the public is called to the card of the
Washington Trust Company, organized in this city in June
last and having offices located in the Stewart Building, 280
Broadway. The capital of the company is a half million dolbeginning of the first week in January.
lars, but their July statement made to the Banking Department
rOREIGN IJIPORTS JIT NEW YORK.
July Ist, 1889, already shows deposits of about .?!, 000,000, with
a surplus of §350,000. The officers of the company include
1888.
1886.
1887.
1889.
For Week.
some of our most energetic and prominent business men,
$3.034,8.'3
?3.175,382
$2,982,064 among whom we may name the President, Mr. D. M. MorIf2,553,049
Dry Goods
5,575,200
7,314,418
6,085,933
8,708,008 rison, formerly head of the firm of Morrison & Putnam,
Cton'l mer'dlse..
bankers, and son of Mr. J. M. Morrison, for many years the
Total
$9,261,313 $11,690,072
$8,610,053 $10,367,407
well-knoivn President of ihe Manhattan Banking Company.
Binee Jan. 1,
New
York for the week
Tlie following are the imports at
ending (for dry goods) August 15 and for the week ending
(for general merchandise) August 16; also, totals since the
-
,
0ry Goods
$75 218,856
,
$80,112,017
222,610,921
200,093,868
Seu'l mer'dlse.
$81,776,752
216,112,793
$87,701,445
234,649,338
Xatal 33 weeks. $275,917,724|$302,722.968 $301,189,547 $322,353,783
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending August 20 and from January 1 to date:
specie)
e.xi'oi;t3
from new York for the week.
1886.
For the week....
Vkv.
1887.
190,9911,777
reported..
Xotal 33 week;
1883.
1889.
$6,241.3151
$3,757,531
188,111,9721 177,982,325
$0,429,916
$6,538,963
208,611,814
$197,420,693 $194,353,317i$lg3,739,856 $205,180,777
The following
at the port of
since January
1888 and 1887:
shows the exports and imports of specie
for the week ending August 17 and
1833, and for the corresponding periods in
table
New York
1,
EXPORTS ANU IMPORTS OF SPECIE AT
Imports.
Bold.
Week.
Great Britain
France
Ctormanv
--,,..
West Indies
Mexico
BoutU America
All other countries...
Total 1889
Total 1888
Total 1887
9
Since Jan.l.
$12,349,044
27,713.803
4,473
4,232.390
"3>00
30,300
15,000
1,846,642
76,200
$18,800 *16,257,«54
64,228 18,709,438
15,000
6,193,231
Week.
$
Since Jan.l
126',250
$380,561
1,461,804
1,819,352
25 ,065
4,046
2,080
3.317
42 295
114.527
537,590
$129,693
19.227
1,294 578
$4,r,37,194
'
4,533,743
9,318,538
Imports.
Exports.
Silver.
Week.
Great Britain
France
Since Jan.l.
$156,400 $11,886,534
158,300
Week.
Since Ja7i.l.
West Indies
Mexico
South America
1.075
137,201
"i;250
lio'.oio
"i',653
All other oounlrieB...
130,751
30,500
$77,865
593
973
101 622
45 7.^2
41,564
677,027
$156,400 $12,503,921
176,210
7,512,163
230,296
6,759,0B7
$32,803
62,960
6,927
$945,401
1,207,157
1,387,389
Germany
Total 1889
Total 1888
Total 1887
9
Kentucky Union.— The Kentucky Union Railway Company
and the Kentucky Union Land Company held their annual
elections
tliis
week
in Louisville.
The
—
—
NEW YORK.
Exports,
Mr. Charles F. Clark, President of the Bradstreets Company,
the Vice-President, aud Mr. Francis H. Page, for many
years with the United States Trust Company, is Secretary.
The Board of Trustees is composed of well-known business
men, as may be seen on reference to the advertisement.
Messi-s. F. P. Olcott, Wm. AValter Phelps, Arthur B.
Graves, Adam Dutenhofer aud Henry P. Talmadge have been
appointed a committee by certain security holders of the
South Carolina Railway Co. to reorganize the road. It is proposed to give the present first mortgage bondholders par in
new 5 per cent bonds and 10 per cent of preferred stock, drawing 5 per cent accumulative dividend; second mortgage bondholders par in new preferred stock; income bondholders par
in new common stock and preferred stock for assessment of
10 per cent, aud present stockholders 60 per cent of par value
of new common stock, and preferred stock fcr assessment of
10 per cent.
The Security Mortgage & Trust Company of Dallas. Texas,
offer for sale .S300,000 five per cent bonds of "the city of Dallas,
They also offer Texas real estate mortgages. Attention is
called to the advertisement of the company, which appears oa
the last page of to-day's issue of the Chronicle. Tlie companyhas a full-paid capital of §400,000, and embraces among its
officers and stockholders a number of prominent business
names. Messrs. Brown & Lowndes represent the company in.
Baltimore.
is
directors of the railway
—
Notes on Banking in Canada, is the title of a pamphlet
which has just appeared. bein» an address recently delivered
in Toronto by D. R. Wilkie, Esq., of the Imperial Bank of
Canada. Tiais little pamphlet in brief shape may be found
more interesting and readable than a much larger treatise
would be.
—Messrs. Tobey & Kirk offer in to-day's Chronicle S-'iO.OOO
of the first mortgage 7 per cent gold bonds of the Pearson
Coal, Iron & Railroad Company, due 1899. This firm has
given the affairs of this company special investigation, aud
wiU give all facts as to the property.
Poor's Manual of Railroads for 1889 has just been issued,
and can be ha<l from the publishers, Messrs. H. V. & H. W.
Poor, 70 Wall Street, jn-ice .86. An abstract of the general
figures in the introduction was given in the Chronicle last
week.
Messrs. S. A. Kean & Co. offer to-day in our advertising
columns §30,000 of the remaining §80,000 of the Grant Countv
(New Mexico) 6 per cent 10-30 tonds. Purchasers can consult
the advertisement for further particulars.
Attention is called to the selected list of railroad stocks
and bonds offered by Messrs. Reed & Flagg in the advertising
columns of to-day's issue of the Chronicle.
—
—
and land company, those elected in one or both of the two
companies, were as follows: F. D. Carley, St. Jolin Boyle,
A. P. Humphrev, L. T. Rcsengarten, H. C. McDowell, George
M. Davie, C. H. Stoll, J. M. Atherton, J. W. Gaulbert and R.
P. Stoll. Messrs. Carley, Boyle, Humphrey and Rosengarten
are the Executive Committee for both companies. Mr. F. D.
Auction Sales. The foUowiu g were recently sold at auctioa
Carley was re-elected President. Tlie road is completed and by Messrs. Adrian H. MuUer & Son:
ui oi)eration from Wmchester to Orlando, Ky., 34 miles.
BeJiondn.
Sliares.
fore the close of tlie year the road wiU be completed between
4SPt.WayneCin.(!tL.RRCo. 27>4 $100,'~00Cliaufqua LakeRy.
5-10
Co. IstSs, 1937
3,220 N.Y. Mex. Minins,' Co. .. $5
the Tbree Forks of the Kentucky River and Lexington.
500OilpiuCon>ol. MiniustCo. $2
$10,000 Sural ga Kissengen
Loni8iana Arkansas & Texas.— A contract has been let for 100 Pnu^hkeepsie lirul.i^e Co. 35
.$58
Co. Ist 6s, 1897
50 Gold
Stock TelC)?. Co..lOO>fl $19,000 Brighton GasLisht
tlie construction of the first 81 miles of this road, extending
Co. Is! 68, 1893
$70
Buntfi*.
from Halleys, Ark., near Arkansas City, south to Delhi, La.
$10,0t)OCrcst«n (la.) Water&
Ft. Wayne Cin. & L. ER.
The line is projected from Brinkley, Ark. on the St. Louis $75 Scrip
Light Co. let 63, 1913 .. 10
25's
—
—
i<it
:
.
.
THE CHRONICLE.
228
DIVIDBNDSi
The followlnx dlvMenda have recently been announced
I
Boola OloteA,
{Dayi inclusive.)
Whtn
Ptr
my.
OtHL PBya»<«.
Railroads.
8<..
A
WciifHi, romiuon..
A
preterred.
Qiilncy (quar.)
fhlc. Biirl.
On. Han. A
'
J
1
i>a
lleve..
-;•-••'
•
1»«
•cin.
I
Sept.
Sept.
Sept,
Sept.
Sept.
Sept.
J
iiok.
2%
pref .
I
3
3
'Sept.
1
mt
Cbl>
(qtiar.)
On
Canal
..-uin
I)f-1» ......
1
20 Sept. 8 to Sept. 20
- ^
dem.l
3 Aug. 29 to Sept.
18S9.-3 P. M,
Sitnation.— There
The Money Market
has been a leas confident tone in stocks this week, and a mod-
STKEKT. FKIDAY, Aag.
V»Al,t,
talked
erate reaction in prices. Tlie money market is much
alwut, and it is really quite difficult to forecast at this time
the probable course of monetary affairs, owing to the uncertainty wliich hangs about several events of controlling importance. In the first place, it is difficult to say how great
for monev will be this fall from the West and
South ; in the next place, it is not easy to predict the effect
of a firm 6 per cent market in speedily drawing funds to this
Again we have the doubt about Government purcentre.
chases of bonds, and whether a pressure in money would lead
to larger offerings by holders. As to the actual effects of
high
demand
money on stock
a steady 5@6 per
4M Per
!*3.
Financial
and
the
—A
few transactions in 4s and one in
United States Bonds.
4}2S have occurred at the Stock Exchange, but the market is
No change in prices lias
extremely dull and featureless.
occurred for some time past. The acceptances by the Secretary of the Treasury have been larger than for a long time
past and amounted to §3,118,2.50 for the week; the limit of
prices jxiid for bonds has not been raised.
The statement for this week is as follows:
Pont.
Kni'UiihIo (:n«.
VtltHvl M«n
Aug. 21 to A.ug. 27
Auk. -3 to
2! Aug. 23 to
2!Aug. 20 to
3'Aut.'. 13 to Sept. 4
1 Aug.ni to Aug. 31
-.2
Sept.
Sept.
ilunroua.
IvoL. XLax.
4 87. Cables, 4 871^(34 87J^. Commercial biUs were 4 83.
Continental bilk were: Francs, 5 20^(95 20 and 5 18' g@
5 171^; reiclusmarks, 945^^^9434 and 95^s@9o}i; guilders,
40 1-16® 401^ and 403.,'(340 5-16.
The following were the ratt>s of domestic exchange on New
York at the uuder-mcntioned cities to-day: Savannali. buying
1-16 discount, selling Jj premium; Charleston, buying par
@1-16, selling par@i^ premium; New Orleans, cornmercial,
50c. premium; bank, $1 25 premium; St. Louis. 75c. discount;
Chicago, 50c. discount.
gaulijcrs' (^Kztiiz.
Jhc
Uuffulu
:
.
prices,
it
may
here
be remarked
cent loan rate seldom knocks off
that
the prices of stocks very much, but a straitened condition
of the banks which leaves it in the power of a few bold operators to tlirottle the market at any time, and force up the rates
for money to indefinite figures this is the situation wliich the
average stock operator particularly abhors. The notable fact
remains to be mentionc<l that it is nearly two years since there
has been any such stringencj' in our money market as to cause
serious apprehension in the stock market.
The Northern Pacific and O. T. affairs have been the chief
features of interest this week, and the negotiations have apparently been received with favor. It is to be remembered, however, as to all blanket mortgaj^es, that it is necessary to sell the
bonds at a pretty good price in order to effect much saving of
interest on the retirement of old issues, particularly if those
issues are redeemable above par. Thus with the O. T. 6 per
cent bonds, which may be called in at 105, it is obvious that a
new N. P. 5 per cent bond should be sold well up in the
eighties to have the annual interest charge remain the same
and at a higher price, to effect a saving.
The open market rates for call loans during the week on
stock and lx>nd collaterals have ranged from 3 to 6 per cent,
and to-day the rates were mi^G per cent. Prime commercial
paper is quoted at i%i@6 per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £196,000, and the percentage of reserve to
liabilities was 41 '71, against 37'17 last week; the discount rate
remains unchanged at 3 \>eT cent. The Bank of France gained
8,675,000 francs in gold and 3,350,000 francs in silver.
The New York Clearing House banks in their statement of
August 17 showed a decrease in surplus reserve of $3,440,600,
the total surplus bemg §8,352,.525, against $6,793,125 the pre-
—
;
4 Per Oentt due 1907.
Ctntt due 1891.
Oferinot. iPurch'ee. Prices paid.
isi.ooo
fSl.OUO
140,000
Tuesday. ...
Wedn'sday.
140,000
3,000
SOl.lOo'
Thursday...
Friday
621.000J
178,200,
SOI.IOO
821,000
178,800
1.2»7,.300
1.297.800'
Battu^ar
..
Monday
Total.
The
.
..
3,000
I2.S00
H0.850
350.000
4.1S0 650>
1»»
128
128
128
128
820.ti&0
1 50,000
IttBM
loaji
128
600
7.000
4S0.0OO
1 10.8S0
250.000
7,000
106J«
Prices poii-
I
I8.500J
3.000.600
128
closing prices at the N. Y. Board have been as follows
Interest
Periods
reg.:Q.-Jaii. 1*128
coup. Q.-Jan. 1*128
J.
J.
J.
J.
J.
&
&
&
&
<fe
J.|*118
J.|'121
J.;*124
J.i*127
J. 1*130
Aug.
A>i<j.
20.
19.
I
A»g.
21.
22.
Aho.
23.
105% * 105%*105%' 105%
lOO^s
coup. (^(.-Meh. *1067e
rcg.
cur'cy,'95
reg.
cur'oy,'96
reg.
cur'oy,'97
cur'cy,'98
reg.
cur'cy,'99. ..reg.
* Tills is
Aug.\
Aucf.
17.
reg.,Q.-Mcli. '105^4
1891
1891
48,1907
48,1907
4128,
4J28,
68,
68,
68,
6s,
68,
106«
I08M
lOBM
Oferinge. Purch*«.
,
I
i
,
1
,
128
128»8
118
121
124
127
130
the price bid at the moruini: board
*105%,
loo's'ioo's'ioe's •loe's
12818*128 ,*12S *128
128% 12'3i8*128 *128
118 1*118 *118 •118
*121
121 ,*121 *121
124
127
130
;
no
*12t
*127
1*124
*127
*130
sale
*i:!0
•124
-127
•130
was made.
—
State and Railroad Bonds. State bonds continue very
dull, the only feature being a little activity in Louisiana conOther sales have been:
sol 4s early in the week at 89J4-903^.
North Carolina consol 4s at 97; Tennessee settlement 3s at
78}i-73.
has, as a rule, been irregular and the
very limited and there are no special
Texas and
features. Tlie newly-listed Louisville St. Louis
Louisville Southern bonds have been strong, and a few others
have shown special strength, including Ohio Indiana <fe WestGt. Northern 2d coup., &c.
ern Ists and 2ds, Inter.
'
The bond market
volume of business is
still
&
&
Railroad and Miscellaneons Stocks.— There has been a little
set-back to prices in the stock market tliis week, and the general feeling is perhaps a trifie less confident than it had been
for a few weeks past. Stocks are not pressed for sale to any
important extent, however, and the business is still light in
the aggregate. There have been a few things which have
worked against the market this week and helped the bears in
In the first place money is
their efforts to break prices.
gradually working up, and 6 per cent has been paid this
week on some stock loans. There is a good deal of talk aliout
the possibilitj' of a still more active money market, and this
leads to much caution in stock operations and is somewhat
unsettling to confidence. Then there has been another outvious week.
The following table shows the changes from the previous break of ti'ouble among the Western roads in regard to rates,
week and a comparison with tlie two preceding years in the started by the Burlington & Northern's notice of a cut in its
proportion of the rate lx;tween Eastern points and St. Paul,
averages of the New York Clearing House banks
which has been followed by a similar notice on the iiart of sev:
188(1.
Diffr'ne't /r'm
1888.
1887.
Avg. 17.
Prev. Week.
Aug. 18.
Aug. 20.
60.762.700
60,762, 700
.M.fiSO.UMI
49.60(!, 000
loans and dlsc'te. '41.'>.i)sio,(K)0 tnc 1.434 200 387.909. 700 350,710.7(10
Specie
70.022,1(M) Doc 2,5«,"), ,900 87.73<i, 800, 08.810,900
Cirrulation
3.873.700 Deo
41, ,500
7.700. 400
8,084,2(10
Net doiKiMIs
430.323,.'iO(J Dec, 2,179, OOO 410.003, 400 347,214.!»(IO
Oapttal.
Surplua.
I
l«gal tender*
Legal reiH!rve
Beecrve beld
t
40,91 1 ,oOO Dec. 1,419, ,000
38,015, 30O, 22,252,500
107,580.875 Dec. 544, ,900 104.015, 850
110,933,100 Dec, 3,985, ,500125,752, 100
Burplus reaerve-.l
3,352,525 Dec.3,440,60o| 21,736,25o!
Exch«npe.—There
80,803.725
91,009,400
4,265,0 75
no feature to the sterling exchange
market except its continui;d dulness. there having been no
demand of moment, and rates are rather weak. Money has
been hardening a little more, and if the stringency increases
it may have the effect of still further
weakening "exchange
Posted figures are 4 85;a4 Rji^ and 4 88.
The rates of leading bankers are as follows:
is
Augv't 23.
Prlnio
hill
Sixty Days.
--
Demand.
on London. 4 85 a 4 8513'
4 88
Prime c,
4 82'aa4 83
DwM.lin
L'lal.
4 82>2S4 83
Pllli
5 20.-'»a5 20 ,5 18isa5 'l7i.j
All.
40i,«»40i4
4O'4a40 1,1
(releliinarks>.
04^89478
951h»95 h
To41nythe ratc-s on actual .business were as follows,
viz^
BMlkerM 80 days steriing, 4
83;5i@4 84; demand, 4 m%r^
iig bills
I
:
I
I
This again complicates the situation in the
West, and the action of these roads is severely criticised, especially as it is claimed they are violating the long-and-.shorthaul clause of the Inter-State Commerce law. There liave
also been several heavy failures in different branches of iudustiy, and these had some effect on an already sensitive
market.
A great deal of interest has been manifested in the proposed Northern Pacific $160,000,000 blanket mortgage. This
is thought to be favorable for dividends on the pref erred stock
and caused a temporary rise in both the preferred and common. The Union Pacific wiU also control the Oregon Navigation by stock ownership, as 60,000 shares were delivered this'
week by the O. T. Company, and the U. P. holds an option on
60,000 more.
Tlie C. C. C. & St. L. stocks and Chesapeake & Ohio have
been less iironiinent and lower in prices. Delaware & Hudson
Canal advanced to l.^o;"^, from which there has been a reeral other roads.
action to 149 J^.
In the trust stocks there has been a little more interest.
Sugar trust advanced on the denial of the ajiplication for an
injunction restraining the. payment of divi(lend* made la.st
week by the Receiver of the North River Refinery. Cotton oil
certificates were rather weak at one time on a rumor that no
dividend would be paid, but recovered pai-tially on the a.!{reement with the Soutnem Cotton Oil Company iii regard to the
price of
oil.
The general market was weakest on Thursday, and though
not recovering much to-day, there was more steadiness in the
tone.
.
AUGUST
—
.
.
.
.
1
1
THE CHRONICLE
24, 1889.]
STOCKS-PRICES AT
229
STOCK EXCHANGE FOR WEEK ENDING AUG.
N. Y.
AND SINCE JAN.
9»,
HIGHEST AND LOWEST PKI0E8
STOCKS.
Aug.
Active Kit. Stocks.
Atchisou rop.
Atlantic
Canada
8<iii
61-2
*01'4
tliern
do 1st prat..
do 2d prcf
36
25 14
Chicago Milwaukee & St.
.
24I2
661a
40 12
411-2
. .
pref
35
67 le
mi-it
105 1^ IO414
CblcaKO BiirlinKton & Qiiincy.
CUlcaKo iS Eastern Illinois
Do
II2I2
113
•35
&0.— Vot.Tr.cert.
Do
Do
61
53
6212
5312
U3
Ceutnil (If New Jersey
Central Pacillc
Caiesapoali')
35B9
6
36 '4 3612
& Santa Fo
i'liclHc
I'acitlc
47
io5>4; loa-^s
.
prct.
72 >e 72%
713b
tl3>2 H3I2! 112
Ill's 1111.2 IIO14
prof.
143
I'aitl.
Do
& Northwestern
Cblcat'o
Do
Chicago Rock Island & Pacific.
ChloaeoSt. Loaia & Pittsburg.
Do
proi.
Chicago
& Om.
Paul Mln
St.
Do
35
St.
pref.
Do
prcf.
Ft. W.. Vot. cert.
Do
Do
&
Evanaville
77 14
3412
9812
75''8
102
•14
10238 10234
•14
15
145»8 145%
& Ga
144''9
*21l3
Columbus UockingVal.&Tol.
Delaware Lackawanna sWcst
Denver & Rlo G., assossm't pd.
Denv. Tex. &
East Tennessee Va.
97^8
763>i
L..
Do
08 la
•12
•34
35
97^8
.
pref
&
Clevc. Cincin. Chic.
143%
143
99>2 100
*12
16
3612
•21
2212
*10
*72
10 12
73 12
*22ia 23 12
*."4
96
Ist pref.
2d prof.
Terre liaute
Green Ba.y Wluoua &
10
•72
2II2
•95
St. Paul
412
4% •414
'1161.2 117
116
&
no 19% •18%
pref
6538
Do
65
64%
Lake Shore & Mich. Southern. 104% 104% 103T6
941.2
Loui; Island
94%
70 !« 70 14 6938
Lonlsvillc & Nashville
38 42 •;i8
I^uis. New Alb. & Chicago
Illinois Central
Western
Lake f;rle
. .
*95i2
8894
Manhattan Elevated, cousol.
Michicau Central
MllwauKee Lake Sh.
Do
Missouri Kansas
Missouri Pacttlc
Mobile &Ohio
&
&
97
97
88%
88%
West..
93
prof.
To-xas
1258
12
127e
72% 71%
13% 13% •13
72
*97
Kashv.Chattanooga&St.Louis
97 14
107
98
Sew Yolk Central & Hud.soii.
Kow York Chic. & St. Louis.. •16 ii 17'"
1st pref. •67
Do
68
2d pref. •35I2 3612
Do
2836
New Yorlt Lake Erie & West'n
pref.
Do
New Y'ork & New Enclaud
so'^s 51
* 17
Sew York Ontario & West
17%
Hew York Susquehan. & West. *8 14 8%
pref. ^32% 3334
Do
•16%
•67
•35%
27^8
—
67 14
5038
&
Norfolk
Western
Do
'16
pref
Do
Ohio
I6I2
67%
pref
& M ississippi
.
20
•22
•45
49
Kead.Vot. Trust. Cert.
RichmondiWestP'tTernilnal
"2312
Do
pref.
Rome Waterto wii & Oedeusb'g
23%
•8OI2
8II2
Phila.i-
8t.
& San Francisco
Louis
Do
Do
*
[
23
.
80
100
28
*27
•it'i"
•50
Ist pref. *109
Paul
Texas A; Pacific
Union Paclnc
Wabash S t. Louis
Do
Wheeling
I
,
Do
"94
I)ref.
&
Navigation Co.!
fts^i
Paciflc Mail
Pullman Palace Car Co
Western Union Telegraph
*i77
85 la
Kxpress Stocka.
Adams
American
I
A Co
Fargo
iiaclive Ktocks.
& Cable Co
rt'a.sh. & Bait
American Tel.
Do
do
•147
151
*116 119
'ggin 91
*138 142
1*116
•ISS
•86I4
1'4
2 '.4
2 '4
Iowa Central
*8
Do
*20i2
*9
pref
St. Louis, pref
1
2
•7%
8%
22
21
9
Minn. &
10
New York New Hav. & Hart. *245 255
Ohio Indiana & Western
'gia 10
Western, pref
*38
Richmond A .\llighany
'22
St.LouisAlton .k Terre Haute.i '43
Southern Parille (.11
32^
Tol. Ann Arbor ik X.
"SO'a
Wisconsin Central Co
24
Tennessee Coal & Iron
'3934
eV
'
'
I
M
'
I
Tnmt
I
SloekH, Ac.
44%
22% 22%
22
•80
23
81
•98
100
••26% 28
81
100
28
59%
.5958
111
87
100
8%
8
22 14
80
22%
2134
•70
80
•147
118% 118
151
90%
100%
*27
28
29
"58% 5959 5634 56%
109
111
33
87
102
'100
111
•82
81%
87
102
101
151
147
118% 116
140
87
8714
1%
2%
8%
87
*1
138
86I4
II4
2%
8
•20% 20%
•8% 0%
21
9
11
250
57% 57%
'109 110
•30
32
81%1 •82
87
101=8 10134 101%
,
1
40
40
38
"21% 23
23
22
-43
45
45
44
32%' 32% 32 14 32%
31%i *30'8 31% •31
j
•38
•44
32 14
31
23=8
24
40
30%
I
3178
31
6858 69=8
21,310
3,206
24
703s
6058
57 14
60
31,335
34
28
26%
57%
2ii%
1,100
21
87%
150%
54%
17
32%
86
I
.58%
27
I5014
55
94
07%
2,800 31%
1,619 171
23,577 83
3379
180
83%
m
25b
8
•1%
138
278
8%
'250
40
32%
31%
21
10
253
•2%
1%
2%
21
253
8%
23
45
31% 31%
30% 30%
•3078
3II4
44
44
2458
39% 39%,
62
36% Feb.
02% May 28
(
I
.">2i2
30% 30%
3
72% Jan. 16
10 107% Jan. 30
23 102 Mar. 6
Feb. 7
0; 40
19 •205% Fob. 11
2;
8834 June
.
4713
•16
98I2
2214
These are prices bid and asSe J
;
-72
47%
1
•16
17
0'J''e
no
2179
40% 52%; 48
47%'
'"'
23%
sale
98
74
!
•17%;
17
100
71
47
'16
1
m tde at the
23%
49% 50%
49.^
721-1 72%
72
47%' 47% 47%
2-2581
•16
17
98% 100
B-jard.
U2I4
i
1
17
98% 99%
Ca^li sale.
22% 23%;
40 1-/
•71
•40
'16
98%
22I4
4914
71
31
72%:
•43
47
16%
17
9314
100
6
89% June 7
2
Apr.
Apr.
3
Aug. 3
July 18
July 24
Jan.
7
July 18
3% June 26
10% Mar.
'20
29 '4 Mar. 12
14% Mar. 5
263 Juno 13
13 Feb. 20
47 May 8
23 -Aug. 12
47,005' 81% Feb. 20 126
'23% 63,570 19% -Mar. 26, 35
" 148,895 43
Aug. '20 61%
4979
600 70 July 31[ 7434
71
11% Julv 5; 4779
4634
1,950
500 14% July 13 1934
16%
00% 4jSjoc^ SO Apr. -23 102%
106% 108% 10779 109% 10839 110% 107%10058' 107=8 108%
53 14;
72
.
American Cattle Tru.st
PiPeUnerertitieateǤ
10334 109
2'i^ 2314'
H
18 130% Aug. 21
(Unllst ed.)
SugnrP.eduiiii.sCo
Naticnuil LeadTru.it
American Cotton Oil Trust
Spnthern Cotton (;il Co.
DlaMllcrs' A- ('altle F. Trust.
June 7
16
171
21;
June 21
210 30 Jan. 31
250 14% Jan. 8
200 44 Apr. 15, 50% Feb. 6'
3479 June 13
1,900 21% .Apr.
500 21 Jan. 2S 32 June 19
400 21% July 8 23 14 June 27
2,500 31 Jan. 23, 42 '4 .Mar. 8
20% 20%
31% 32
%
1
231
7%
431 18%
100
8
100 '241%
3
30
21
10
'248
Jan.
Apr.
Jan.
Mar.
Apr.
Apr.
Apr.
July
Mar.
Jan.
80% Jan.
1,487
1,'225
•9% 10% •10
11
•38
40
37% 37%
•21
•44
43
•1
8%
•8%
253
235
87% 87%
•2 '4
18 2734 Feb. 13
Jan. 26 81%Jime 7
Jan. 3^ 101% June 15
Apr. 1 30 June 12
Mar. I9I 6679 Jan. 3
.Mar. 18 114% Jan. 12
July 171 40% Jan. 14
Aug. 3; 05% Jan. 18
Apr. 17 105 Fob. 1
Mar. 18 •23 Jan. 14
July 8| 67 14 Mar. 4
Jiiu.
3 18 Aug. 12
Jan. 9 3334 Aug. 12
Jan. 5 7178 Aug. 10
10 144% Jan. 2 153 Feb,
125,100 Jan. 10 120i4June ft
25oi 73%Jau. 4 95% June 5
40 134 Jan. 10 146 June 18
I
86I4
59%
305 80%
7,008 130
230 42 14
100 75
2,720 85
86%
130 150 ^147 152
118 118 •116 119
90% "89% 90% 90% 90%
142 '138 143
139 139
152
119
30% 3y%
•30% 40
3979
02
707e
I714
33
•21% 23
;
32%
31%
81%
6178
0% 10%
39%
22
44
250
46,
1,250
2,445; 17%
10% 20
60 =8 61% 21,480 56%
1,985 12%
1634 16%
61
17
31=9
6938
•8% 10
231
19% July
50 76
20 93
100 19
300 33
104
25 24%
20%
21
•9% 10%
6,188
1034
20%
62%
114
214
8
7%
2.55
!
•89
140
22%
111
•30% 34
-31% 34
90% 90%
143
11
•38
i
8
SO
•08% 100
27
27
•27
.59%
60%
245
1
Pittsburg
90
I
3479 July 25 38
559 Aug. 21;
8%
47% Mar. 10 62
50% Jan. 24* 36%
02% Mar. 16 11459
17% 17%
1734
j
•lig
pref..
•61
27
87
86%
147=9 149
149
52% 52%' •50
•91
97
94%; •90
96
98%' 07
98 1» 98
9838
98
97
98
98
98
35
35% 34% 3478 3379 34% 33% 34% 33 14
isi" 179% 179% '177 180
177 180
176 177
178
85=8
85% 85% 8458 85 ii 8378 84%l 8338 84
83%
87H 87 14
Cincinnati
23
44
59% 60% 5979
28
27% 27% •27
87% 87% '86% 87% •87
147% 148%: 148% 14938 149%
•53
•53% 54% •54
55
•92
•97% 98% 95
95
* 147
United Stutcs
Wells,
21%
23
•82
59^8
•27
Highest.
'
33% 34%
101% 101
102
21I4
20% 20% 20%
61% 62 14 Ol^e 62I4 62%
17 14 17%
I714 17%
17
32% 3234 3238 3314 3258
7038 71%
7058 70^8
70%
17-'>8l
•I714
'8
•32
8%
•8
50
•82
1 7 11
•5%
6
61% 61%
-'i
•32
1638
5339
2914
6714
29
101
21
iniiicellaiK-oiiK StookK.
Chicago Gas Trust
(iOia 6IJ4
Colorado Coal & Iron
28
28
Consolidated <ias Co
*87
8712
Delaware it I lud.'iou Caual...i 148
14818
Oregon Improvement Co
5413 54 la
Oregon U'y
•16
5234
16 14
5338
20=8
8II2
33 % 33 >8
70=8 71 14
pref.
Erie. pref..
35«8 33,500
125
6
1.629
61 >4
52 14
2,060
4,413
11314
1889,
500 14% .Ian. 5i 10% Feb. 7
300
7% Apr. is) 9% Feb. 12
800 30% Mar. 10 3514 June 12
33
33
32% 32%
50U 1414 July 15; 18 Feb. 1
16
15% I6I4
16
2,830' 47% Mar. 11 54% Aug. 14
53
5134 52
53% 53 14 52
24.860 25 Jan. 5 3034 Aug. 21
29% 30% 29 14 3038 20% 30
Aug. 21.
6678 68%
6758 60,977; 58% Mar. 16 60
67% 69
67
825 1934 Mar. 19 24 Feb. 11
22% 22% 22 14 2238 22 14 22 14
•45
Mar. 6
'45
•45
50
30 Apr. 23 58
50
50
20,1171 28% July 18 t 64% May 17
34
34% 32% 34 14 3258 33
•211" 23
•22
100 20 July 25; 28i4Feb. 13
22
22
23
4439 44%
43% 44% 43 14 1379 60,730 42 14 July 30' 50 Jan. 15
8%
32% 32%
1011.2 lOlli!
2138 2138;
62 s^ 63
& Pacific ...
& Lake
1
17% 17%
1738
1738
•8
109
33
34
35%
Lowest.
1,
I
•31% 34
8ii2
I
109
111
'Sli-i
35%
Range Since Jau.
t
44% 44%
23% 23I4
44^8
pref -I *59
& Duluth
Do
pref
Paul Mlnnap. & Manitoba.
St.
St.
•22
Aug. 23.
1889,
i
33% 34
3412
341.2
*22
4458
•5%
358
6
66% 67% 6658
22% •22
22%
6738
231a
•2238
*48
OrcKou Short Line
OrcKon & Trans-Continental.
Peoria Decatur &Evansville.
16
5338
30
•29>9
35 14
363g
Friday,
1,
Jan. 2
Jan. 14
62
Aug. 2053
53
52
52
53
33
Feb. 14
112 '2
II3I4 114
112 113% 112
June 18
34 34%
35 14
740 33 Mar. 29' 36% Jan. 1«
35
33
23% 24^8 23% 2378 7,501 15% Mar. 2 26% Aug. 9
25
2514
251a
06 14 67
.66 14
63
(i3
07
63% 7,882 56% Fob. 26 60% Aug.
66% 07
4II4
40% 4114 40% 41% 39 14 40% 39 14 30% 6.760 29% Feb. 27 42^9 Aug. 9
10238 103% 30,757 80 79 Mar. 26 111% Jan. 15
104% XIO314I0438 103% 104% 102% 101
46% 4358 44% 0,270 40% Mar. 20 4914 Ang. 12
48
4678 473a
47% 4739' 45
5,075 04% Jan.
105
103% 100% 101
103% 104
104 IO414 101
107% Aug. 13
71''8
7238'
69^8 71',
69 14 703s 100,87.) 6O79 Mar. 16| 75 14 June 6
71% 72% 71%
723 07 Feb. 25 117 May 24
112
112 112
112% 113
113 113
110% IIOI4 110% 11034 IlO'si 100% 11038 109 loo's 20,85o 102% Mar. 27 114 June 7
•143
14378 143
144
732 135 Mar. 20 114 Aug. 21
143
143 143
143 144
99% 98=8 99% 90
99% 9634 98 5e 0679 97% 26,687 80% Mar. 26 101 "4 May 27
•12
•12
•12
•12
16
16
16
16
14 Jan. 15 1934 Feb. 6
le
•34
37 13 •34
37
37% •34
37
33 Jan. 21 42% Feb. 6
37% •34
34I2 •
33% 32% 3279 1,215 30% Mar. 18 37 .May 23
34% 34% 34%' 33
9812 •
377 80 Feb. 13 100 14 May 27
99
98%
08
7414 76 14 "73% 74 >4 48.433 58% July 13 77% Aug. 20
7634
76
7738
76
77
7,720 00 July 12 103% Aug. 12
101% 102 100% 10134 99 100
1023h 10158 102
•14
1434 14%
15
14% 14% 14% 2,070 11 July 22 2 8 '4 Feb. 7
15% 16
14538 I4514 14638 146 14658 144% 140% 144 145% 41,226 13459 Apr. 3 14834 June 19
'16% 18
•16% 17%
15% Mar. 18 18 June 7
•4714 48
42 14 Jan. 31 50 June 13
000 15 J.an. 25; 25=8 .May 28
22
22 la •20
21% 21% 20% 2034 20
20%
8I4 .Tan. 23' 11
•9% IOI4 •9% IOI4 10
390
10
10
June 1
0% 0%
•60
135 63 Jan. 28; 76I4 June 1
73 13 73
•70
70
73
70
73
73
•21% 22%
248 20 Apr. 24 25 14 June 14
22
22
21% 22
23% "22
23
•05
•05
*05
96
86 Jan. 301 97 Mar. 4
06
05
96
96
06
4I0
450
2=8 Aug. 61
4%
7% Feb. 8
4%
4% 4% •4% 4% •414 4%
'115
100 106 Feb. 13 lis Aug. 9
117 •116% 117
11638 11638 '116 117
117
800 16 Jan. 26 20% Ang. 9
19% 19% 19% •19
19% 18% 1878
19% 19
64% 64
64% 64 14 64% 62% 64% 63
63% 5,677 5139 Jan. 4 65% Aug. 12
10.564 00% Mar. IS 107% June la
102% 103% 102% 103
IO414 103% 104
1«378 104
•02
•93
246 00% Jan. 14; Ot!% Mar. 4
94% 93
93
94
94% •02% 91
6834 69%
6859 6879 12,815 56 14 Jan. 4 7214 Juneia
70% 69% 70
6958 6978
•38
•37
•37
•35
37 14 Jan. 7 49% Mar. 8
41
41
42
42
42
•05
900 90 Jan. 3 109% Mar. 4
97
97
97
97
07
97
97%
97
89 14 8914 8938 •89
88% 88% 87% 88% 2.215 84% Mar. 16 92% June 1289%
•90
410 51% Jan. 7 95 May 27
93
93
93
92
92
04
02
92
100 91% Jan. 7 11779 May 28
110 113% '110 113% '110 114
113 113
12=8
12
12
12
12% •11% 12% •11% 12% 1,303 10 June 10 14 Jan. 14
69 14 70
28,660 61% Mar. 20 77 June 6
7:
71% 71T8 71% 72% 69% 72
14 14 •1314 14
201
Jan. 11 15
July 1
•13% 14
8
13% 13% 12% 1234
•07
07 '4 •06% 08
•96
100 8I79 Jan. 12 00 June 12
•9714 98
98
98
801 10479 July 27 110% Feb. 2^
10634 10634 10658 10659 106% 10634 IO6I4 106 14
107
•16
•16% 17
•16% 17
100 15% July 13 lO^H Feb. 4
16
17
16
17
'67
•66
•67
•66
67 Julv 16; 77 Feb. 4
68
68
68
68
68
<35% 36% •35% 36% 34% 35% *34% 35%
34% July 181 4434 Feb. 2
36%
27 14 13,410 2538 July 22 30% Feb. 18
23
27% 28% 27^8 28
27% 2758 27
1,180 61 Jan. 4: 7134 Apr. 26
67
67
68% 67
68
66
66
68% 67
50% 5014 50^8 ,50 5e 5078 48% 50 14 48% 4939 29,795 41% Apr. V 53% June 25
61%
3234
53''h
53''8
Northern Paciflc
35% 30%
•0
6%
61% 02
53
53%
112% 113
35% 35%
24% 25 14
36
6
17% 17%
8% 8I4
32%
'.
Wednesday, Thursday,
Aug. 22.
Aug. 21.
Tuesday.
Aug. 20.
Aug. 19.
17.
.fe
Canadian
Monday.
Saturda.v,
8ale«
of the
^Veek,
Shores.
"
I
{Prices from l.oth E.TChangos,
June 24
June 23
May 29
Aug. 10
Aug. 16
June
-29
July 24
.
'
THE CIIROXICLR
230
B!>SUS
LVTBST PRICES OF ACTiYE BONDS AT
-
Range Situx Jan.
CUting.
Bailroad Bojom.
Ouii
N. Y.
RAn,ao.vD BoN'os.
'
123 Jan.
100% Jan.
117'4b. lloiaJan.
Ill b. 108 Jan.
1!K>-J
«;.
'
•
'.'.'.'.'.
"•-
113%
il2»g
I.IlS'Ut
J
.J1...112
A
I
118
1^'J8..'
0-!
1
;:i03 b
oV 1911.. 120 a. 110
"
M
113
a.
Jan.
'
1 07
May 107
Feb.
13712 Juno
Jan.
Jan.
lloUJnne
May
134
'
94
N.Y.Sus.&W.— Istref.,5.s,1937;i00i2
1
.
117
110
112
80
121
I
I
.
:
1
June
Aug.
June
June
112
1
1
May
5812
80 U
100-3
II514
'
M
All?.
May
121)
'
'
'.
July
,
1
94% June
;
94I0
871-2
;
119% May
94% May
1
119% July
I0913 May
112 May
|
C
"
109 12 Apr.
115 .Tune
II214 Juno
108 Apr.
99 Feb.
38 Fob.
110 Jan.
110 July
105 13 June
107 Apr.
90 Feb.
121 Apr.
121 Apr.
121 Apr.
121 May
108 June
122 .\pr.
|
1
'
I
|
>
1
'
I
!
,
121% Jiino
103% June
100 13 July
92 May
96 Jlay
40 May
10012 Aug.
61 Aug.
10 Feb.
108 14.Tune
'
i-j
i
'
'
11713 Aug.
10314 Feb.
•
100
99
91
40
1
1
'
i
120
1201-2 Jan.
1121-2 July
1121-2 M.ay
1
I1314 Feb.
117 Apr.
'
113i3July
90 Apr.
50 73 Aug.
104 Ang100 13 June
103 14 July
103 14 Aug.
103 June
100 1^ Juno
1
1
1
I
1
1
10313 July
10213 June
10S»% June
IDI Apr.
44 Feb.
1
I
.
'
I
!
'
;|
106
Juna
1110
.
Aug.
1
'
1
June
103 May
121 1-2 July
I
1
May
Apr.
101 13 June
8213 June
1
I
Mch.
Mch,
llOUJuna
1
\
May
103
,
I
'
May
7OI3 Aug.
37 Aug.
i
I
,'
Jan.
62i4Jan.
'
'
J.an.
82%
'
!
Feb.
June
107 12 Apr.
Ill May
110 .Alay
logiaFeb.
761" Mch.
'
,
June
103% May
1
Mb
June
IO314 .Tuue
1191.1 July
121 -ii Apr.
12n-a M:iy
.T.an.
103»8
lOlS,
.Mch.
9S1.J
121 May
ISf 1-2 Juno
110 '...July
llOi-i Aug.
115 Feb
116 Jan.
ISli^Jan.
A W.—
,114 b.llli4Feb.
Cons.na-tion, 3.S, 1923
Apr.
N. Y'. A-.North'n- Ist, 3.S, 1927.. 110 b. 110 b. 107
N.Y. Out. A \V.— 1st, O.s, 1914.. 11213b. 11312b. IIOI2 Mch.
114i4-\pr.
Midlandors. J.— lst,6s, 1910 119%a
94 Feb. lOlUAug
Jan. 114 July Norfolk A' West.— Gen., 6s, 1931 120 b. 120 b. llZUJan.
109'.ib llOija. 107
-. lUll
Cli
a.
08 Jan. lOl'a July iNortb.Pae— 1st, coup, Os, 1921 llOMab. 116''eb. 11312 Jan.
... 105
;-t,5», 1926.
115% 1116 b. 112 Jau.
General, 2d, coup., 1933
134 May
O.n. 7, 1U03.. 129Va. 129 I'. 1 29>2 JiUy lOOWJuue
General, 3d, coup. 6s, 1937... 105i2b. 10513
97% Jan.
104 b. IK.'i b. Wi\ May
109%b. 103% Jiin.
9612 Mav
No. Pae. Ter. Co.— 1st, Os, 1933.
94 "-lb. OJisb. O-JiflFeb.
ion. 4». l»-.'2
J)
01 July
93% Apr. Ohio lad. A West.— 1st, 53, 1038 80 a.} 75%
01 '8 Jan.
04'^
941a
>pbraaiiii KiifU^lou 4», 1!»^7
119 b, 119 b. 118 Jan. 120 July Ohio A.Miss.—Con.sol. ,7s, 1898.1118 a., 117 b. 115 Jan.
II8I2 -Vpr2d, consol., 7s, 1911
126 Aug.
us j»n- 104%Aug. .Ohio.Southern- 1st, 6s, 1921 ... Ill b.'
'^?i';:,'^r•..1T,r^
125 \>
103 Jan.
iV)7
'97 Jan.
,.
53 a. 57 b.i44%Jan.
May
2d, income, 0.S, 1921
.HI37 Oo'tib. 9.-.i4b.; 83 Feb. JOl
Op
106 June Omaha A 8t. Ii.— Ist, 4s, 1937.. 78 a. 78 a.t TliaJau.
,l!i3«lorsa. 1"3 a- 9'J Jan.
Juno Oregon Imp. Co.— 1st, 6.s, 1910. 103 b-'lOJisb. 102 Feb.
:'.-(,ou.7«, 1005 120 b 126=8b. 122H! Jan. 1301a
>.l,
117 Jiilv Ore. R. AXav. Co.— 1st, 63, 1909 112%jb II2-2I). 110 Jan.
.tUlv.-Os, 1009. 117 b. 117 b 112 Jan.
]
105 b. 101%b. 102 Jau.
Consol., 5s, 1025
.Ian. llOiaJiiiie
.. 11512b. 115V!b. 110
1
,,iv.-«s, 1010
105%b. 101 ij Jan.
jl03 Jan. 109% June [Oregon A TransconM—6.s, 1922.'
W.Dlv.— 5»,1921 lOC.iii). 107
1
l]0i2b- lOO^^s Jan.
IOSI3 June Penn. Co.— 412S, coupon, 1921. llOia
V
June Pco. Dec. &Evan3.—l8t,0.s, 1920 110 a.;i08 b. lOtiaFeb.
»j;r'«-i»'-'^--}!{g'-'S:i;mH,a.'ii5i; ^!S: lOS
Eyansr. Div.— 1st, 6s, 1920... lOOiab. IO6I3 ,102% Jan.
149 Aug.
71i2b. 71i2b. 66
Jau.
1133
May
2d mort., .3.3, 1927
83% Jan
118 b. 118 b. 119 Jan. 123 Apr. Phila. A Read. -Gen. 4s, 1958.. 9014b. 90%
PiiiklucfmVoVniio::
8OI4
80%
80 July
Ist pret. income 53, 1953
109 b. 10» b. lO^isJan. 112 June
-K 1129
P k cf
!?3|4b. 68j4^ 62^8 July
2dprer. income 53, 1958
J^"- 114>4 Aug.
h .Vbent. 5s, 1933 lUi-jb. lUI^^- 10?
I
I
52 14
52%b. 51 13 July
3d pref. income 5s, 19.53
25-vear.MHutare 5s, 1900.. .10(1 b. 10«;%b. lOo Jan. 109 Apr.
76I4 Jan.
99 b. OO'sb. 98 Jan. 104 '4 Feb. Plttsb. & West.— l.st, g., 43, 1917; 8312a- 8414
ExfVntiau4sl926...
cert. 66i2b. 68 lab. 58
-May Bich. A All.— l3t, 73, Drexel
Jan
Chic Pco. Af^t. L.— Gld..5s, 1928 05 b. 95 b.| 95 Mcli, 9s:U
3513
26 Jan.
2d mort., Os, 1916, Urexel cert. 36
^
135 b. 132 b. 131% Mch, 13s'i>Juue
CUie. K. I. A- I'ac— 0s,coup.,1917
'""- '105
105\ 104^^ Jan. lOrf^Juue Rich. A D.anv.— Con., Os, 1915 .. "92 "a! bfiab. 114 Jan.
EVlou.'ion A col. .'.s 1934
Cou.sol. gold, 53, 1930
86 Jan.
123 b.llQiaJan. iiaj'sMay
Ctic i-t. r. M. A ). -C'i>n.(is,1930 123
99 12
96 Feb.
..92 Aug. 100 Feb. Rich.AW.P.Ter.—Tru.stes, 1897, 9812
CU.ft.L.A IMlt.— lst,con.5s,1932 Otis').'.
99 June Koch. APittsb.— Con. 63, 1922.117 b. 117 a. 113 Jan.
1017. 93 b. 92i2b.i 92i3Jau.
Cleve. & Canton— 1st, 5*,
1891 108 a. 107''8a- IO6I2 June
Il30 Jan. 133 Apr. Rome Wat, AOgd.— 1st, 7s,
C. C. A I.— Cousol. 78,1914..'
ill 114b. 108% Apr.
Consol. ,extended,3s, 1922. ..'110
120 b, 117 b. 112 Jan. 120 May
General «.<, 1034
99 b.; 93% Apr. lOo Jan. St. J03. AGr. Isl.— l3t, 6.3, 1923. 105-%b. 106 b. 101 Jan.
Col. CnalAlron-lst 0.>«, 1000.. 98\
ill
July
6814
87% Feb St. L.Alt. AT. II.— Ist, 78, 1894 112 b.;
07=8
6034 July
Col.H.Val.ATol.-<-on.5s,1931;
112i.ia. lo3% Feb.
87 Feb.
2d, mort., i)ret., 7s, 1894
55 a 55 b.' 50 July
General gold. 09. 1904
2d, mort., income, 73, 1894... 10613b. lOtiWb. 10412 Jau.
1900 122 '4b. 122 b. 118=8 May 1221-2 Aug.
Oenver A Rio lir.— l.st, 7s,
8213
82i2i>Iay St. I.. Arfe. A Tex.— l8t, 63, 1936 80
77 July
75 Jan,
78 b. 7913
l?t consul. 4s. 1030
23 b.| 27-%
23 May
2d, 69, 1936
8413 Jan. 102 Mcll.
Denv.A R. G. W.-lst, Us, 1911.
106 a. 100 b. 10512 Aug.
9112
73% Jan. Uo% June St. L. A Iron Mt.— ist, 7s, 1892.
91
Assented
108i2b. 109
911-2 M,ay
105 Jan.
2dmort.,78. 1897
94 a 94 a,, 81 Jan.
Deuv. S. r-k.APac— lst,7s,1905
CairoAFulton—l3t, 7.3, 1891. 102% jl02%b. lOlU JiUy
Det. B. C. A .i.lp.— l»t.g..6.s, 1913 104i2b. 104i2b. 103 Jan. 1081-2 Feb.
40 Feb.
CalroArk. ATex.— 1.3t,7.3,1897,103 b. 103 b. 102% Aug.
I>ct.Mac.AM.-I.d.gr.3'-is,1011 33 b. 34 b. 32 Aug.
-'
Gen. U'v A laud gr., 59, 1931.1 86 a.l
81 Jan
OO'sJan, 104 Feb.
Dul. A Iron l!ange-l«t,.">s, 1937 10214b. IO312
«.—€011., 5.s, 1030 108 a. 10814b. 102 Jan. IO8I3 May 6t. L. A San Fr.— 6s, Ci. A, 19U0 118 b.ll8 b. 116 Jan.
E. Tenn. V. A
119
11712b. 115% Jan.
63, Class B, 1906
EUz. I.OX. A B'gSan.—Os, 1902. lOti b. 105 12a.' 99 Jan. 106 Feb.
119 a. 11712b. 11312 Jan.
July
63, Class C, 1906
Erle-l8t, eonsoi. gold, 7.s, 1920 141%b. 141%b.'l37 McU. 14:
116 b.;il7 b.il5i8Jan.
lUi-j 110 b. 110% Jan. |1M May
General mort., 63,1931
IrOngDock, 7s, 1803
'103i2b.'103%b. lOliiJau.
Geueral inort., 3s, 1931
119 b. 120 b.'llS Apr. 123 Feb.
Consol. Os, 1035
104 14
98 Jan. 107 13 May S. P. M. AM.— Dak.Ext.,63, 1910 120 b. 120%b. 118 Jan.
K Y.I..K.A\V.— 2dcon.6»,1909 103
118%a.
115i2.Tau.
94 14
90 Jan. 101 Mav
1st consol., 6s, 1933
W. * iJenv. C— l»t. «s, 1921 93
Ft.
92ie May
95 -Is Mch.
reduced to 4 133... 101 lab- 102 b.!98i4Jan.
Uo
93%
Gal lI.ASan Ant.— WMUv-lRt,.!,"! 93%
Oiiab. OOijb.' 96i4lVb.
Collateraltrust, 3s, 1898
B.W.A 8t.l'.— 2d Inc. 8s, 1911 IBiab. lOiflb. 13 July 25 Feb.
Or
10014 Aug. 116 Feb.
Montana Ext. 1st, Is, 1937 ...I 87 b. 87 b. SSUJan.
Onlf Col. A 8aii. Fe— lst,7s,1009 100i4 103
66
67 b. 66 Aug. 8712 Jan. Sheu.Val.- lst,7.3, 1909, Tr. rec. 94i2b. 9iiab. 8712 Apr.
Gold, Os, 1923
120>4 Jan. 124 Feb.
General 6s, 1921, Trust rec...j 37. b. 37 b. 31 Jau.
Han. A St. Jos.— Cons. «s, 1911.'
99%b. 90 Jan.
Int. A Ot. Xo.-lst, 6s, gold, 1919 105
103% IOOI2 Apr. 109 12 Jiin. BouthCaroliua-lst, 63, 1920. ..10013
55 b. 55 b.' 47 Jan.
69%
0314b. 62
May 7412 Jan.
Coupon, 6s, 1909
2d. 6s, 1931
7 b.
513 Jan.
Income, 6s, 1931
9 aKcutneky Cent.— Gold 4, 1087..' 8512a 8712a. 7112 Jan.
90 June
Knoxv. A:0.— 1st, O.s.golil, 1923 110 b. 110 b. 101 Jan. 112 Aug. So. Pae., Ariz.- lst,6s, 1909-10. lOOiab. 106 b. 101 13 July
'
Jan. 113% Aug. 80. Pac, Cal.— Ist, 6s, 1905-12.. 117%b. 117%b. "L. Erie A West.— 1st. g., 3a, 1937 113i2b. 112^8 1107
114 Jan
126i2b. 12514 Jan. 130
ijike8bore.-O>u.ep.,lst,7s,1900
May 80. Pae, X. M.— 1st, 6s, 1911 ...106% 106I4 105 14 July
C.iii-..l.(.,.ii..,2d, 7s, 1903....'
126i4b.'l24 Jan. 130i4Miiy Tenn.C. I. ARv.—Ten.D.,l3t,03l 9513
94 b. 89 Jan.
'9112 19413b. 89 Jau.
i>t, eon., 3.S, 1931 117
b. 117 a. II414 .Ian. 1I171-2 June
V'"
Birm. Div., Ist, 63, 1917
.,4s.i93s
lOOioa. 100 b. 92i3Jan. ;i02i4M!iy Tex. A Pac— 1st, gold, 59, 2000 90 b.l 91
8512 Mch,
n. -Con., 7s, 1898 120 b. 120
Vi'
3313
36%
ill7"2Apr. 121iaMeh
34 Meh
2d, gold, income, 5s, 2000
E. 11. A .\.-l.st, Os, 1919
115 b. llS'sb. 11434June ill8i4May Tol. A. A. A N. M.— 1st, 69, 1924 lOi; a. 107
99 Mch.
General, 6s, 1930
114 b. 114
103 Jan!ll2 Jan. II8I4 May Tol.A. A.AGr. Tr.— lst,69, 1921 113 a. 113
Trust Bond.*. 6a, 1922
112 b.'lOOiajan. II512 May ^Tol. & Ohio Cent.— 1st, 33, 1935 101 12b. Wliab.'ioi Jan.
Hno. 6s, 1021
104 b.lOlifiJan. 100 Apr. Tol. Peo.A: West. —1st, 4s. 1917..' 77 b. 7678b. 74 Apr.
5ii.} ear 3s. 1937
92I2 Ja"n.
'10413b. 104i2a.i 98
102%
Jan. IO3I2 Apr. Tol.St.T,. A- Kan.C— lst,i>s,1916 102%
Collat. trust 5s. 1931
119iab. 115 Jan.
10214 IO212
96i4Jan 104 12 Apr. Union Paeillc— 1st, Os, 1809 ....'
Ixiuis. N. A. ACIi.— 1st, 6.S, 1910 lis
'117%b. 117%b. IIOU Mch
117 b.ll2i4Jan. 122 June
8s, 1893
Sinlciugfunrt,
ConsoL.gold. 6», 1916
109i-2b. IIOI3 .\ug
10214b. 102i2b.i 93
Jan. 104 June
Kansas Pacific— l8t, 6s, 1895 ..-.
Mem. i Cliar.— 6s, eold, 1924... 10512a. 105i2b.'l02i2 Jan. 109% June
lioiab. 10913 Jan.
Ist, 6s, 1896
Metro. Elevated- l«t,6», 1008.. 115 a. 11514b. 11178.1an. 120 June
llliab. 112i3May
Denver Div.— 6s, 1899
2d.6s, l-.:»9
10714b. lOS a. 106 Jan. lIHaMav
II514 II312 112 Jan.
l3t consol., 63, 1919
Mub- Cent. -Ist, con., 78, 1002. 129".<a. 131 a. 130 July I3313 Moil.
112 b.'lll Feb.
Oreg. Short Linc—lst, 6s, 1922 112
Consol.. .>s, 1902
114 a. 114 a. Ill Jan. 114 May Virginia Mid.— Gen. m., 03, 1936 87
86 b. 78% Jan.
Mll.I-akeBli. AW.— 1st, 6.S, 1921,125
|124i2b. 118% Jan. 123 12 June Wab. St. L. A P.— Gen. ,6s, Tr.rec
5014
37 Apr.
Conv. debenture, .59, 1907
9213 Jan. 10113 July
ChicagoDiv.— 3s, 1910,Tr.rec. IO313 103 bl 88i2Jan.
Wllw. A Xorlli.— M. I„,6h, 1910. lOit b. 108 b. ]06i3 Jan. 111 Aiir.
100 b. 86 Jau.
Wabasii- M., 7s, 1909, Tr. ree
l«t. Con., 6s. 1913....^
„!l07 a loeiab. IO514 Jan. IO9I2 Mch.
Tol. AW.— 1st, ext., 7s, Tr.rec. 10313b. 103 b.' 89i2Jnn.
Minn. A8t. I.ouls-lst, 7,3, 1927' 94 b. 96128, 90 Jan.
l9t,St.L.DIv.,7s,18S9,Tr.reo. 103 b. 103
9313 Feb97 July
Mo. Knn. & Tex. -Con., 68, 1920 63'3b. 64
1 01
53 Apr.
2d, extend., 7s, 1893, Tr. rec.
87 Jan.
63 Aug.
Coiisid., 5«, 1920
57 b. 58%
6OI2 June
100
SOHj Apr.
Con., conv., 7s, 1907, Tr.rec.'
83 Fcl).
Consol., 7s, IHO-l-.VO
95
91 lab. 8712 Meh. 97 June
89 Jan.
Gt. West.- l3t,7s, 1888,Tr.reo. 103 b. 103
Mo. PaclMe-lBt, con., 6b, 1920.
113 b. llOiaJan- II512 Apr.
101
86 Meh2d, 7s, 1893, Trust receipts.
3d, 7h. 1906
112014b
llOiaJan. 121 12 Apr. West Shore— Guar., 43
106
il06% 102% Jau.
P^i.-. ..rM...-lsl..-xt.,4s,1933
~
~
99
93 14 Jan9912b 97% Jan. 102% June 'West. N. Y'. A Pa.— 1st, 5, 193
93 b.' 9714
33 14 AuP103 b. 103% July 103i2Apr.
34
2d mort., 3g.,5.3e., 1927
»!
63, 1927.. '113
98''8 Jan.
115 b. 112% Feb. II6I2 May West. Un. Tel.— Col. tr., 53, 1938 lOi
1938
65
56%b.! 41% Jan.
102 Apr.
58 June Wheel. A Lake E.— lat, 59, 1926
Moi«.-Tl»e letter "b" InjUoates price bid, and
price a»ked; all other prloas and the range are from actual aales.
CI:
1041.1 .Vpr
13XI.J Juno
w,I lino
JaTi.
91-%J,vi.
i
I
liaUFeb. 120i4Juue
101% Apr. 105i3l'Vb.
10j>eApr. 108%M.h.
113>4Jan. 119% Aug.
b.
1023tb.
..
j
May
Mav
104
133
Ill
120
I.
HiijhetU
i
98%Jan.
A Harlem-
128i4Apr.
115% June'
1201-2
99
129
a. lOli-jb.
b. 133
h.
b. 107 b.
105 b.
133H!a. 133 b.
115 b.
Dobeuturc, 53, 1904
130 b.
N. Y.
1st, 7.S, 1900
90 b.
N.Y-.Chic.ASt.I..—l8t,4.s,1937, 95^8
N. Y. Elev.ited— Ist, 7s, 1906. ..'116 b. llO^sb.
N. Y'. I.aek.
1st, 63, 1921.'137 b.'137 b.
a.l01»eb. lOl^sAiiK. 'lOO'aJaii.
Jan.
i-jo
j.^j^b
I-*!*!"..
Convert. Tk.
Lowest,
102
132
107
lilutnnlUn. Tel.— 8. f., 6.S, 1911.
Nash. Ch. A St. L.— Ist, 7a, 1913
Consol. .5.S, 1938
N. Y. Central— Extend., 5s, 1893
N. Y. C. A U.— l9t,cp.,7s, 1003
I
Con»oLT»,
A im.lG
Aug.'l'S
1889.
1,
Range Since Jan.
Closing.
1.
-i;t'7».18»0..'ll>-isi, I*, low .•
1
,1
STOCK EXCHANOE, ANB RANGE SINCE JAN.
HiyhtsU
LowetU
\jLVt.'i3 JLug.lO,
XUX.
[Vol.
I
'
'
STATE BONDS.
BECDRITIE8.
SECURITIES.
Ask.
Bid.
Bid.
Alabama— Clan* A, 4 to 5
Class H. 5
''
Cla-s C, I...
"
'
1906 10313 IO413 Missouri— Os
due 1889 or 1890
1906 110
Asylum or University, due 1892
1906
102 II Funding
189-1-1893
1900 100
1X9;
New Y'ork- 68, loan
funded.. 1809-J9O0| 12
13
1893
63, loan
k .V Fort Smith Is*.
10
l.^
Norih Ca-olina— 63, old
J. & Jlie Rocklss...] 10
15
Fiindugact
1900
lal HR
8
New bonds, .T. A J.... 1892-1898
1890 10212 103%
Chatham RK....
"*"»
1914 105
Special tax, Class 1
9OI2
90
Consolidated 43
1910
...1890 106
68
1910
I
I
110
110
110
35
10
I
6i2i
513'
1
I
1
9612
127
Bid.
IIOI3
4
Rhode
I
40
20
]
LouUlanu— 7.^,
Stamped 4«..
Michigan- 7«.
SECURITIES.
l.sland— 6s, cou.. 1893-1894'
8outh,Carolina— 6s, non-fund. 1888;
Brown consolidated, Os
1893
Tennessee- 6s, old
1892-18981
Compromise, 3-4-5-09
1912;
1013'
New settlement- 6s
1913
5s
1913
3s
Virginia— 63, old
6s, consolidated bonds
6s, consolidated, 2d aeries
6s, deferred, trust receipts
Ask.
IOOI3
103
10
9
97 14
129
|
1
102
63
73
106
102
73
48
8
Ask.
413
104
109>3
104
6
'
ACGCST
:;
,
THE CHRONICLE.
2t, 18S9.J
231
BONDS-STOCK EXCHANGE (QUOTATIONS ON FRIDAY OF THE LESS ACTIVE KAILIIOAD HONDS.
Kd.
SECUEITIES.
A.3lt.
8ECUBITIES.
!
Exrhnnne
fSiocI^
Atch. Top.
*
I'rircs.)
San. Fc—lii!S...1920
1911
Hs
& ('111.— 1st «., 53.19:17
fiiiul,
Slukiiii,'
C'Ulf. B. l'>
95
& Daiiv.— Ist K.. (is. .1917 98% 100
& Ohio— l9t, Gs, Turk B.1919 121M
Atlantic
Bait.
1925 10S>3
1988
Cous. luorc., Kold, 59
Beech Civek— 1st, sold, <ls. .19J(t 89
Best. H. Tiiii. h W.— Deb. 5s. 1913
Brooklvu Elev.— Ist, g., 69. ..192 1 iii"
1913 8014
2d, 3-5a
1937 105
Union Kl., 1st, Ruar., (is
18.1938
Brunswick & West.— lst,K.,
5», Kold
.
.
Bid
East Tenn.— 1st ext.. gold, 58.1937
£q. A- Imp., g., 5s
1938|
Mobile & Blrm.— 1st, g.,.58.. 1937
Alabaiua Central— 1st 68. ..1918
Erie— Ist, extended, 73
1897
2d, extended, 08
1919
1923
3d, extended, 41-2S
1920
4th, extended, 5s
5th, extended, 48
1928:
Railroad Bonds.
109
90
94>s
.
12Lia
Ask.
.
.
1131s 1141a
116
!
102%
1031a
140
!
B. N. Y. & E.-l8t, 7s
N. Y. L. E, & W.— Col. tr.,6s.l922
Funded coup, ,58
1969 88
Income, 6s
1977
81
Buff. & 8. W.-Mortg. 68. . . .1908
BiiB'. RocU. * Pitts.— Gpu., .53.1937 i'oo" wi"\
125
Jefferson- l.st, gu. g. 5rt ....1909 lOOia
1921 " 99'
Roch. h Pitts.- 1st, «8
100
Eureka Springs li'v— l8t,68.e.l933
Burl Ced. Rap. & No.— 1st, 5s. 1900
8912 Evau. &'r. IL— Ist, eons., 68.1921,
87
Consol. A- I'ollat. trust,58...1934
Mt. Vernon— 1st (is
1923
Mlun. & fit. L.— Ist, 7s, gu..l927 *100
100
Evans. & Indian.— 1st, cons.. 1926
lowaC. & W(!.st.— l.st, 78....1909
97 12
Flint & P. Marq.—Moit., 63.. .1920' 121
Cod. Rap. r. F. & N., l8t, 68.192U
1939*105
1921
95
l8tcon. gold, 58
1st 5s
Fla. Cen. & Pen. —lat g. 5s.. ..1918
Central Ohio Roor.— isV,'4i.is.'l930 103
101
102
Gal. Har. & San Ant.- 1st, 68.1910
CVnt. RR. >t Bank.— Col.g.,53. 1937
105
2dmoit., 7s
1905
Sav.i- West.- istcon. k.,Ss,.1929 103
125
Ga. So. & Fla.-lst, g. 6s
1927
Cent, of X. J.— Conv. del)., Gs.l908 119
108
(Jrand Rap. & Ind.— Gen. 5a..l924
1912
LcliiKh & W. B.. M. .-is
Green B. W. & St. P.— 1st 68.. 1911
Central Paciflc— Gold bds.,fi3.1893
189(i. 115
Housatonic— Cons, gold 5s..., 1937 '105
Gold hands, Ga
H0U8.1& Tex.
Ist, ui. 1. 78.Tr.reo.
Goldhoiids, 68
1897 115%
West Div. 73,Tru3t reocipt8.1891 ii's"
1900 1161-2
San Joaquin Br., 63
1901
1st Waco & Nop.— 7s
Cal. A.- Oiedon— Scr. B, 08. . .1892
We.st. Paeilic— Bonds, 6s
1899 ill 112
2d m.Se.M. 1. Trust iccelpt8.1913 121
80 14
Gen. iuort.63,Trust receipts. 1925
No. Railway (Cal.)— 1st, (is. 1907
Illinois Central- Ist, g., 48 . .1951
Ches. k O.— Pur. M. fund, 6s. 1898! 113
87
106
951,!
97
114
118
119
1908 102
1916 142
1121a
-Bid.
Northern Paciflc— (Continued)—
Duluth>tManitoba— lat,g.0»1930 10914 no
Dul.A-.Maii.Dak.Div.— I8t6sl937
109^*
La. M. A- .Mo. R.— l8t, 58. .1937
North. I'ac. At Mon.— Ist, (is. 1938 id7% ids"
Coour d'Alene— 1st, 68, gold 19 1 •no
193-*' 108 1.;....
Gen. ist.gold, 6s
Cent.Washiiigton- l8t,g.,6a.l9:i-< 100
Norf.At W.— New Riv., Ist, 63.1932 116
1934 100
Imp. At Ext., 68
Adjustment M., 73
1921 iia ..: :
E(|ni|)iiient, 53
1908 " 93
96ia
ClincliVal.D.—l8t,equlp. 03.1957
Ogd. A- Lake Ch.— lst,con. 63.1920
jOhIo k .Miss.- Cons., s. f., 7s.. 1898 i'lf'iiis"
Spriugflcld Div.— Ist7a
1905
lllia
1
1920'
l8t, cons., fd. coup., 78
Reorg., 1st lien, 6s
102 »!2!
SECURITIES.
Ask.:
1435k
!
I
90
I
i
1
I
I
108
I
I
1
i22is
1932' 96
(icneral 5s
Ohio River RR.— 1 at, Sa
1936 100 110-2
87
General mort., gold, 5s
1937
Oregon At California— l3t, 53.1927
Pennsylvania RR.—
Pitt.s.C. At St.L.— Ist, cp.. 78.1900 11,7
Pitta. Ft. W. &
Ist, 78.. .1912
1461a
144I3
2d, 7s
1912
3d, 7s
1912
Clov. At P.— Cons., 8. td., 7s. 1900 1241a 12912
1
!
107
103
99
I
931a
8OI2
C—
104%
1k!)2
4th, sink, fund, Os
St.L. V. A:T. H.— l3t, gu., 7s. Is.i7
2d, 73
2d, guar., 7s
11410117
-KtO'a
1H'.)^
1898, 109
Peoria & Pek. Uion— Ist, 68 ..1921 111
122
1921
2d mortg., 4ias
70
1932
Pine Creek Railway— 6s
Pitts. Cleve. & Tol.— l8t, 6s.. .1922
81
Pitts. Junction- 1st 6a
1922 i"d9"
108% Pitts. Me. K. At Y.— Ist 6s
1932 118
93
Ist, gold, 3 las
1951
95
1001.2
Pitts. Paiusv. &. F.— 1st, 5s... 1916
Gold 18
Pitta. Y. At Ash.— lat, 58
1927
19521 1021a
Sprlngf. Div.— Coup., 68.... 1898 H2ii i'13" Presc't At Ariz. Cent. Ist, 6s,g. 1916,
94
Middle Div.— Reg. 5s
1921 115
1916
'2d income, (is
id-iia
C. St. L. & N. O.-Teu. 1., 78.1897 116
Rleh. & Danv.—Debentiuc 63.1927
1st, eonsol., 78
1897 116
AtL At Char.— Ist, pref., 73.. 1897, •110
8412 85ia
2d, 6s
1907 120
Rich.At W.P.Ter.— Con.c.t.,.53.1914
Gold, 5s, coupon
1951 118
R.W.AtO.— No. AtM.l8tg.gu.5s.l910
..'..'.'.
Memp Div., lat g. 43
1951
101% Rome W.AtOg.Terni.— Ist g.53,1 918
1925:
Dub. & S.
2d Div., 78 ...1894
40
St. Jos. At Gr. Is.- 2dinc
Ced. Fall3 A: Minn.— 1st. 78.. 1907
70
75
87
Kan. C. At Omaha— Ist, 5s. .1927!
40
Ind.Bloom.AiW.— Ist, piei. 78.1900
123
43
St. L. Al. & T. H.— Div. bonds 1894
Ohio Ind. At W.— 1st pf., 58.. 1938
Bellev. & So. lU.— Ist, 83. ..1896 1-20
48
Ohio Ind. & West.— 2d, 58. .1938
BeUev. At Car.— 1st, 6s
1923J 108
13
I.B.&W., con. inc. Trust receipts.
Chi.St.L.AtPad.- l3t,gd..g.5s 1917 101
18
83
96
Ind. D. & Spr.— Ist 78, ex. cp.l906
St. Louis So.^lst, gd. g. 4s. 1931
97
Ind. Dec. & West.- M. 5s
1947
Car. At Shawt.— 1st g. is.
.19321 82
42'
2dM., inc. 5e
1948
36
St. Louis At Chic- Ist, con. 63.1927]
Iowa Central— Ist gold, 5s
1938
86% 8658 St. L. At I. M.— Ark. Br.,lst,7s.l895 ide 106 ifl
Kan. C.Wyan.&N.W.— Ist, 58.1938
Lonis At San Francisco—
St.
Kings Co. Elev.— Ser. A,l3t 581925 104
Ist, 6s, P. 0. At
1919, •105
Lake Shore & Mich So.—
E<i uipment, 7s
1 S95 '105
91
Cleve. P. & A.—7s
1987
1892
1st, trust, gold, 58
97
Er.— New bonds, 78.1898 1221a
g.l910
Buff. &
Kan. City &. 8.— Lat, 68,
97
Kal. & W. Pigeon— 1st, 73... 1890 lOlia
Ft. 8. AiV.B.Bg.— Ist, 68.1910,
'
95 105
1906 125 1.32
Det. M. &T.— 1st, 7s
St. L. K. A: So. Wn.— Ist, 68.1916
Lake Shore- Div. bonds, 78. 1899
Kansas Mid'd.— lat, g. 43.1937i
1251a
'110
.1931
Mahon'g Coal RR.— Ist, 58.1934
St. Paul A: Duluth— 1st, os.
1917 105 106
Litchf. Car.& West.— Ist Os. g.l916
98
2d mortgage 5s
Long Island— l8t, 78
1898 119 123
St. Paul Minn & M.— Ist, 7s. .1909 1141a
1909 '12158 ..•>«
N.T. & R'way B.— Ist, g. 58.1927 105 110
2d mort., 6s
1922
2dniortg., iuc
1927
Minueap. Union 1st, 63
N. Y. & M. Beach— Ist, 78.. 1897
Mont. Cen.— 1st, guar., 6s. 1937 115
93 101
N. Y. B. & M. B.— Ist, g., 58.1935
East. Minn., 1st (flv. 1st 5s.l90«
Brooklyn & Mont.- Ist,6s..l91]
San Ant. At Arans.— l8t,63,'85-1910 • 83i4
1911
1926 • 83% 8413
1st, 5s
181,68,1886
SmlthtownAPt.Jeff.— l3t,78 1901 110
San Fran. At N. P.— 1st, g., .53.1919, 100 14 look's
Louis. & Nash.—Cecil.Br., 7b .1907 107
1910
Scioto Val.— 1st, coU8.,7s
•
75
1930 115
80
N. O. & M.— 1st, 68
Coupons off
N. O. <feM.-2d, 63
1930 106
Sodus Bay At So.— Ist, 5a, g...]924
98
Pensacola Division, Os
1920 110
80. Pae, Cal.-lstcon. Ss ....1938
„
50
Texas Central— 1st, s. f., 78...1909|' > 49
St Louis Division, lat, 68.. .1921 123
53
1980 65 14
1911, ' 49
2d, 3s
1st mortgage, 78
Nashr. & Decatur— 1st, 78.. 1900 1221a
Texas At No w Orleans— 1 st,78 1905
1 910
1912 1041a
8. At N. Ala.— S. f., 6s
Sabine Division, 1st, 6s
^^
Pens. At At.— 1st, 6s, gold. ..1921 100
Tex. At Pae, E. Div.— 1st, 68.1905 107
102
1917 10512 110
Nash. Flor. & 8. 1st gu. 58.,1937
97% Tol. A. A. & Cad.— Os
9814 981a Tol. A. A. AtMt. PI.— 6s
1919(
Loulsv. Southern— 1st g. 03...1917
l,89o! hi" 11514
Lou. N. O. At Tex.— 1st, is.. ..1934
91
Union Paciflc- Ist, 63
1897; 114
1934
2dmort., 5s
40
1st, 68
1898
118
Loulsv. St.L.At Tex.— Ist g. 68.1 917
97
1st, 6s
1908 105
Mexican National— Ist, g., 68.1927 100
Collateral Tru.at, 63
19071 95
1917
Collateral Trust, 5s
2d, income, 6s, "A"
611a
1895|' 103
1917
2d, income, Os, "B"
C. Br. U. P.— F. c, 73
18
1909
Michigan Cenlral- 6s
Atch. Col. At Pae— l8t, 6.3... 1905
931a
95
Coupon, 58
1931 *115
Atch. J. Co. At W.— 1st, 68... 1905,
1891| 105ia 1061a
Jack. Lan. * S.ag.—6s
Utah Southern— Gen., 7s... 1909;- 115 120
1909' 111
II2I3
Mllw.L.S.AtW.— E.xt. k Imp., 58. -29! 102 103
Exten., 1st, 7s
Michigan Division, 1st, 6s. .1924 115
U. P. Lin. At Col.— 1st, g., 5s.l918 lOlifi
Ashland Divislan- Ist, 6s ..1925 117ia
Utah At Northern— Gen., 5s. 1926;
Incomes
106 14 Vallev R'y Co. of O.— Con. 63.1921
Minn.AtSt.L.- I'a Ex., 1st, 78.1909
Wab.St.L.AtP.— Det,.Dlv.,63,Tr.rec. i2S^ 128I3
831a 85
25
1883
1891
Equipment bonds
2dmortg., 78
75
103%
1910 76%
Southwest Ext.— Ist, 7s
(Juin. k Tol.— Ist, 7s,Tru8t rec.
C—
.
A
& Bo. West.-2d,
& Alton— 1st, 7s
1908
6s, pold, series
dies. O.
Cbicaso
118
'
77
6s.. 1911
1893 IO912
Siukinj? fund. 6s
1903 123 126
Louis. & Mo. l{iver— 1st, 78.1900 1181-2 120
2d, 7s
19001
et. L. Jacks. & Cliic— lst,78.189l! II414
1st. suar. (.j64),73
1891 114
18981 115
2dnioi-t. (360), 78
2d, CTar. (Isk),73
1898
Mlss.R.
Bridw— 1st, s. f., 63.1912
,
C—
107 14
Chic. BuH. k Nor.- Deb. 63. .1896
Chic. Burling. & Q.— 5s, s. r..l901
Iowa Div.— Sink, fund, 53.. 1919
.
98
Sinking fund, 48
1919
94I2
Plain, 4s
1921
CluOIil. ct St. P.— Ist, 8s,P.D.1898 125
2d, 73-lOs, P. D
1898!
Ist, 7s, $ «., R. D
1902 127
1st, La Crosse Division, 7s. 1893 110
l8t, I. & M.,73
1897 118
Ist, I. <fe D., 7s
1899
1st, C. &M., 78
1903 125
1st, L & D. E.vten3ion, 78... 1908 I24I2
Ist, Southwest Div., 68
1909 117
Ist, La C. & Dav.,5»
19191 104
1st, H. & I)., 78
1910 124
1st, H. & D., 5s
1910
Chicago A- Paciflc Div., 6s.. 1910
& Mo.
Riv. Div., 58... 1926
Mineral Point Div. 53
1910
C. &L. Sup. Div., 5s
1921
Fargo & South., 6s, Aj<8U...1924
Inc. conv. sink, fund, 58
1916
Dakota & (;t. South., 5s. .1916
ChicA-N\W— ESC&L.S.— Ist,0s.l901
Chic.
. .
[
128
126
10415
. .
118
1041a
104
103
111
78.... 1907
1900 126' 132"!
Iowa Midland- l.st, 88
Peninsula- 1st, conv., 7s. ..1898
Chic. A- Milwaukee- 1st, 73.1898
Win. & St. P.— 2d, 76
1907
Mil. & Mad,— 1st, 63
1905
Ott. C. F. & St. P.— Ist, 53.. 1909
Northern III.— l.st, 53
1910
'
'129
II914
IO8I2
1081a
.
Rock Island & Paciflc—
Des Moines & Ft. D.— Ist, 48.1905
85
88
1st, 21.JS
1905
E.Ktension, 4s
85
1905
Keokuk A: Des M.— lat,53..1923 10558
Chic. & St. Louis- l.st, 68
19151
123
Chic. St. P. & Kan. City—53. .1936
Minn. A- N. W.— 1st, g., 53.. 1934
Chic. St. P.& Minn.— 1st, 6s.. .1918 127
No. NVisconsin- l.st, (Is
1930
Chicasto
C—
Paul i.S.
l.st, 63
19191 12GI4 1261a
k \V. Iiid.— 1st, s. f., 08.1919, 1141a
General mortgage, 63
1932]
Ciu. Ham. k D.— Con. s.L, 78.1905! 1251a
2d, gold, 41.2s
19371
St.
Chic,
Cin. I. St. L.& Chic.- lst,g.,48.1936i loi" 103
Consol., 6s
1920
Cin. Jack. &
lat, g., 5s. 1936 idaia
Cl.Col. Cin. <fc Ind.— 1st, 7s,3.f.l899
i23ia
Consol. sink, fund, 7s
1914|
Cleve. Ar Mah. V.— Gold, 53... 1938, 107
Mac—
Colorado Midland— 1st,
Columbia A:
„ 2<l,
6s
68.1936' 100
Green.— Ist, 63... 1916J 100 Is
g.,
1926
6s. 1914
Col. A: Cin. Midland- 1st,
Del. Lack, it W.— Convert. 78,1892
Mortgai.'c79
Byra. Biug. & N.
74
ios%
1907 135
Y.— Ist, 7S.1906 136
MorrLs i Esse.v— 1st, 7s
2d, 7s
Bonds, 7s
Tsof 1871
l8t,eon., guar., 78
1914
1891
19<X)'
1461a
10558
123
1901
130
il.
Ga.— Ist,
ZJivirtlntifil
No
5i
78...
1900
lO'ln
I
1921
Paciflc Ext.— Ist, Os
Han. & Naples— 1st, 78, Tr. rec ..
85
1922
Impr. At equiiiment, (is
III. A- So. La.— 1st, e.x., 63,Tr.rec ...
mortg., 58.1936
8t.L.K.C.AtN.— B.E.ARR.7S.1895!
Minn. &. Pae.— 1st
90
St. Charles Br'ge— lat,6s. .1908
Minn.S. Ste.M. A: Atl.— Ist, 58.1926
1895:
Missouri Paciflc-Trust.g., 58.1917
99
88
99% No. Missouri— 1st, 73
110
Mobile k Ohio— Ist ext., 68. 1927 107
Warren At Frank.— Ist, 78. .1890
debentures
& Pitts.— 1st, 63.19111
Ist prcf.
West. Va. C.
1931
7558 771a Wiscon. Cent. Co. -Ist g. 5s. 1937,
139
St, L. At Cairo—'Is, guar
1937:
Morgan's La. k T.— Ist, (is.. ..1920
Income 5s
'127":
.MlHrellaiieoiiB Bonds.
ide'
lat, 7s
1918|
L.— 2d, 63. .1901: llQia'
Co.— Ist Os. ... 19071
Nash. Chat. At St.
Am. Water W.
1907'
New Orleans At Gulf— 1st, 68 .1926
Istcon., gold, 5s
14512 N. O. A-. No. E.— Pi. 1., g., 68..1915
Boston Uu. Gas— Tr. cer. 58. .1939
104''8 N. J. Junction— Guar. 1st, 48.1986
1104ia ICahaba Coal Min.— 1st g. 7a.. 1907
N. Y. N. H. & H.— 1st, leg. 48.1903 llo^llll
Col. AtHock, CoalAiL— 03,g..l917
1905
1927 52
N. Y. At Northern— 2(1, 4e
Equitable G. At F.— lat 63
54
Deb. 08.1897
Hackensack Water- Ist. 5s.. 1920
N. Y. 8ueq. At West.—
1915' IWia
J>i\.k Uud. Canal— l.st, 78.. .1891 1045j,
Ist, extension, 7s
1891
Coupon, 78
1894
Pa. 1)1 v., coup., 7s
1917 148
Albany & Siisq.— 1st, gu.,78.1906 131
Isf, cons., guar., 6a
1906 126%'
Kens. & Bar.— l..*t, coup., 7s.l921
155
»Jiiv. & R. G.— Imp.,g., 5S...192S "83% 85
So.
g Tenn.Sli. &&Atl.-Gold 58.. 1937
*•
Va.
.
—
101%
. .
Des M. & .Minn.— 1st,
99
93 1-2 94
125
.
. .
.
103%
103^
111
1061a 110
114^2
.
.
•
'•
.
I
.
931a ....>«
I
lOOH
9413
95ifl
......
1
2d,4i-2S
N. Y. Te.x.
19371
&
Mex.-l.st, 4i»....1912l
811a
Northern Pae.- Divid. scrip ext...i 102
JauiesRiver Val.— 1st, Os... 19361
1936
Spokane At Pal.— Ist, 6s
St. Paul A: N. P.— Gen.. 6s.. 1923 120
n..l..ivi(R."1M'i— 1^f."..n«1017
prioo Frllay; these iire the latest quotalions
made
this
week.
9aH
100
,
1
1
I
1021a
110
821a Henderson Bridge— 1st g. 6s. 1931,'
85
1901
Iron Steamboat Co.— Os
People's Gas At Coke < Ist g.6s,1904; 971a'
,,
2d g. 63,1901 9713
Co., Cliicago
S
IO214
10715 Philadelphia Co.— Ist 8. f. 6s. 1898,
Union Tel.— Coup. 7a... 1900, iis
West.
...••
.Vhltebv'st F.icl— rjcii. o. f. 6 . ')08 104
103
I
1
8
.
.
.
weekending Aug.
N*w fork CUT B«mk SUtement for the
cipher, (00) jna«ca*e..
W, omit two
17 li iiMfoUowi.
Ut<^'
S.0M.0
3,000.0
9,000.0
8,000,0
1.000.0
1,000.0
1,000,0
SaS:.
300,0
600,0
1,000,0
soo.o
S00,0
300,0
600.0
300,0
1,300,0
_ XaaatMCn.
.thNcUonal
•t IfcwToik...
6,000,0,
ExtbMaa*.
6,000,0
1,000.0
1,000,0
433.7
1,600,0
460,0
300,0
700,0
1,000,0
600,0
600.0
600.0
760,0
600,0
600,0
1,000.0
1.000,0
300,0
1,600,0
3,000,0
340,0
360,0
8,300,0
3,000,0
300,0
760,0
600,0
1,000,0
300.0
360,0
300.0
750,0
600.0
100,0
300.0
300,0
600,0
800,0
300,0
160,0
300,0
300,0
600.0
300,0
3,600.0
etth Ametlw...
IUmt«t.
ItTtBt
'
Ottmni*
MaikM* Fulton...
•.HioliaUa.
LMtbar....
Oara Kxohans*
OntlmiiUkl.
bM*
Ortntal...
ATnwlar*
RlT»T
RIT
ut Rlrer....
fMrtli National...
OtaUal NaUonaL..
Mond National...
ninth NatlonaL ..
Rnt National
Third National
n. T. Nat'l Exohanrr
owerr
Haw York County...
Oonnan- American.
ObMO NatlonaL
lUth ATonno
Mnian Kzchaase..
.
Bormanla.
Esited autea
Bcoln
OameM
rutli National
Bank of the Metiop.
Waat bide
BeoboanI
Binii Naoonal
WaMem
National...
S
Olintilf
BAXK6.
13,660,0 1,660.0
10,184,0 1,659,0
7.011.0 1.281,2
709,3
9.667,0 1,231.0
1.684,9
1,936,6 11,692,4 l,t.30,2
77i»,0
4.3IK.0
643.81
836.1
9,«76.1
3,309.7!
378,9
3.111.6
20*. !
1.0 2S,1.'>2.7 9,085.3
8,9*
634.2
3,660,8
106,6
615,6
6,334,4
1,884,8
426,7
976,3
2.017,1
146,0
3,716.0
313.7
190,4
1,401.4
100,9
608,8
8,529,9
636,1
382,9
e9,l
1,492.7
SBfl.7
3,873.2
473,4
1,662,9 17.496.0 1,527,0
8,119,1 17.391,6 2,3*o,3
tlKl.B
6,709,6
1,638,9
748,0
8,336,3 1,377,3
257.2
884,3
3.895.6
838,3 12,187.6 2,481.1
772,3
6.165.6
684,3
3,568.!i
211,0
360,3
48ti.3
4.423,491.6
1,303,6 14,997.- 3,967.7
366,2
3.002.0
368,8
330,8
874,9
3,933.5
320,3
3.937,»'
lf2.:
6X.S.1
4.120,7 1,140,2
13.^,3
307.t!
2,069,0
788,0
330,3
3.861,0
827.1
1,11«,2
7,165.8
3-.9,0
685,8
4,892,»
180,0
3.1;<5.0
S7B.6
4,292,» 22,087,9 4.494,4
2,043,2 21,6.W,4 3,554,3
147,2
127.6
3,039,8
277,3
1.3.S0.6
131,0
1,836,4 19,722.5 2,578,2
7,946,0 1,177,0
607.3
970.0
333,3
4,150,0
988,2
381,9
6.372,7
6,167,4 23.146,6 S.138,»
348,2
7,29 \4 1,222,4
191,3
132,0
1,478.1
507,0
897,6
2,428.8
650,0
167,6
2,674,0
2,879.»
838,3
319.9
9.300,9 1,391,0
679,7
981.0
731,3
3,924,4
180.8
38H.0
2,925,1
268,9
SBl.O
3.626,7
517,7
4,489,7 1,290.8
784.S
234,3
2.976.5
372,6
280,7
3,122,0
435,6
368,3
1,584.8
914,2
474,4
3,950,5
474,
331,5
2,034,9
528,0
3,230,0
137,5
82,5
376,0
1,810,0
2il,6 11,1S0,5
972,8
4C|
i
Survliu.
I,eaiu.
12,930,0
9,925,0
7,473,8
8,168,0
ll,3a3,l
S,6H9.0
670,0
9:t5,0
75".0
1,2;7,2
26.S.0
9,nr>2,8
1.950.0
191.4
812,2
478,2
431,6
2,793,9
37,9KS.«
4,275,1
4,220,4
84.4
l,9.'i3.3
348.0
166,3
367,7
3,07 «,0
1,473,1
2,848,7
1,541,3
3,170,3
35,3
287,2
2,l:M,0
2.829,9
2B8,2
947,3
374.9
630,3
430,3
227,7
427,2
845.3
337,4
357,7
305,4
146,1
107,6
344,0
320,0
702,0
15,00(),0
13,431,8
4,601,6
9,004,3
3.017,5
12,846,6
6,267,8
3,102,6
4,988,1
le.Gio.s
2,988,0
2.955,2
3,110,6
4,540,1
l,7HS',l
3,082.0
6,667.2
6,670.8
4(10.U
2,l:iO,l
1,702,3
23,683,6
24,734.1
2,309,6
1,524,3
2,0613,8
IS"),?
145,1
2,638,7
20,64.'.,8
8,621,0
5,073,0
6,767,9
22,692,2
8,069.6
1,377,3
2,582,6
889.0
362,0
4.S6.l>
2,313,5
814,2
119,4
224,0
144,5
3,i6li.O
2,583.5
144,1
1,408.6
88,2
10,S9>(,2
4,169,2
3,450,7
3.067,8
5,179,3
3,704,3
3,434,2
1,915,3
652,7
2S0,7
24,0
28. ._
330,7
14.S3
4,71:<,7
392,4
212,1
020,0
125,0
1,710,9
2,420,0
4,174,0
2,07S.O
10,41ti,0
i
Bpecie.
|
\
DevoMt.i
Ufit-
."('/^Vn CTeartnjj.
I
*
»
»
*
»
R. York.419..3.5«,4 74.357,2 43,552,7 442,020,3
" 27.... 115,393.8 410.701.3 72.239.2 44.175,3 437.301,7
I
.3,927.
-••
Baatoa
Anc.
•
I
65,126.3 157,446.0 9.864,7 4,777,3 138,246.6 2,638. 1 SO. 316,5
65.12>.:i 15«.387,8 10,085.8 4,401.3 135,264.9 2.635 ,5 77. 054.8
63,13^3 155,127,2 ia,587,0. 4,609,5:134,475,9 2,643 ,5, 73, 913,9
3
i
10
17
"
681,"
13^0
3,940,
571, 729.4
115.393,8 413.024.6 73.160,8 43,678,2 434,491,3 3 912, 557,1639.6
599.0
115.392.8 414,545,8 72,688,3 42,330,6 432,503,1 3,915, 585,f
115,393,8 41»,980,o;70,022,4 40,911,0 430,323,5,3,873 7 600,525,3
3.
10.
17.
Fklla.
Ads, 3
'~
26,441,0
101,382
2.132,0 67,152.2
33,845,0
89,«58,0 2,133,0 59,691,5
-••
17.
24,763,0
98.063,0 2,129,0 80.494,
• Wt omit turn cipherun alt these ttgura*
i lncinain«, tor BoBLun ouu ftujuMphla. the Item ** dne to other banks."
10
34,787,3 101.695.0
34,787.3 101.378,0
S4.7h7 3 100,243.0
,
I
Bank Stock List—Latest prices this week.
BANKS. Bm A»a
BANKS. Bid. Ask.| BANKS.
America
192
Kxch... 166
Am.
Aabnry Park
Bowery
260
Broadway
298
195
158
103
..
. .
Oennao Am. 121
Oemian Ex. 1250
Oermani»....i270
Greenwich.. '142
HaiioTer
'300
Hull Klver..il42
'lni.&TrartVI540
IrrtDR.
180
LfatherMfs' 2.30
1
306
Ba(ohi-«lJ.'. 180
US
Central
Cbaae
260
Ohatham.... 300
Chrmlcal.... 4000
......
CltlUDK'
!•!?
[
175
OoBmorcr.., :97
200
Oommerrlal.,
116
181
no
OenUnental
ComKich... 230
Eaat River.. 170
175
Merch'tsEx.
!
650
t'lty
1
>
•
'
1103
195
108
^.1, u.,
!..0.
Bi.
uo
C<-i
,
.SO
„
18S
lOS
106
People's
i
CI.
.Stk.
I:
I145
1106
200
1,0
110
145
103
131
126
128
118
137
109
1
r.
,
.V
iinrr-Slk. 126
IHO.'l
lOK
;
98
lilO
1114
.,.
lat mort.. 7».
240
i200
Phcnix .. .1
Produce Ex. 118
nepublic....|173
1
Scaboarti
Sfcond
Nicholae. 122
State o( N.Y. 109
Third
122
Tradesmen's. 100
PnltedSt'es. •,120
Western
97>i
West Side. 200
St.
'
I)
I
I
'
"93"
248
E.B. «.B.-8cnp68.. 104
142
Scrip, On, 1914
105
42il .* Gr'nil St. F'ry-8tk.i
IhI mort.. 7», 1893
110
42il Ht. Mauh.A SLN.Ave.l 38
iNt moit.. Oh, 1910
116
2(1 mort. Income, «8
69
Honiit.W.8t.<ttP.*'y-Stk. 165
IkI mort., 7s, 1894
1C9
NIntn .Avo
Seiiiuil
Ave.— Stock
98
Isl mort, 5», 1910
106
Sixth Ave.-Stock
165
1st mort-, 7h, 1800
105
iThlrd Ave.-Stock.
240
Bonds, 78 1890
102
Twenty-third St.— Stock.. 220
1st mort, 7s, 1893
log
I
I
1
BONDS.
105
150
110
llOHl
02
no
ioi
107
175
1 06
200
104
2:!0
no
78,-
116
Cleartlilil .t Jelt'.- 1st, 6s.
119
Connect ing-Os
Del.AUd.B.-lst,78, 1905. 130»s
Easton A Amboy.— M. 58.
Elmlra A Wllm.— Ist, 6e..
Harris. P. M't J.AL.—4s-
15^
T.— l8t,7B.. lOJH
B.
HI
2dmortg.,78
152
103
Leb.V.-l8t,6a,C.AR.,'98 118
139\
2d, 78, reg., 1910
177
North Penn.— l8tM..
Consol, M., 6b
120>.j'
A R.,
68, C.
138'.
1923..
78. 119
General mort. 7h, 1903. 128
111
N.Y. Phil. ANorf-lBt,88
50
Income, 6s
92
Penn.— Gen.Os, conp.1910 4128»!i
Cons. 68, coup., 1905 .-- 122>,
Cons., 58, coup., 1919... 114
24 >4'
62 Hi
I
* Topoka— 1st, 7a..
Collal. Trust, 5s
Plain, 5s
115
4'2S, 'i'lust Loan
Perkiomen— Istse.
00
{
I
Phila.
I
'
§106
1
68.1
35
9
883^
Consol. of Veraiont— 6e..[
Baptem, Mass.— Cs, new.. 126 "!127
116
K. C. Ft. Scott A Mem., 6s 115
1
,
A
137
125
105
100
14
15
101^
St.
WaiTcn A Frank.- l8t, 78 {108
West Jersey— 1st M., 78.. 5123
W. Jersey A
Atl.— 1st, Os
We.st Penn.-Os. 1893 ....
Pittsburg Br.. 6s
{108
108 If
HALTIMOKE.
1
RAILROAD STOCKS
A Ohio
t
86
Baltimore
Ist pref
2d pref
Central Ohio
Preferred
Charl- Col. A Augusta--..
iWestern Maryland
1
RAILROAD BONDS,
83
125
110
105
46
60
48
"n"
12
Atlanta A Char.— 1st, 78- n9>4 120
lucome, 68
105 «
iBalt. A Ohio- 4s, 1936 -. ioi'i 102
70
CapeFearA
yaa.--l8t,68
Cent. Ohio-68, 1890
Char. Col. A Aug-— lat, 78
PHILADELPHIA.
Cin. Wash.
2d. 5s
t
A Bait— lata.
106
ib's'is
"99 >4
60
99^
52
39
10
3s
4414
45>s
,Sd
36
Bell's
103',
122=4
1133j
Steuben. A Ind.lst m. 5s, ios"
_
United N. J.— O. 6s, 1908 130
,
5100
Rutland-58
i fc7^
Southern Kansas-Ss
.4
Texas Division— 58
'.--„-j
Incomes
Wiscon. Cent.— 1st M., 58 } OS's
Income, 58.,
H03-\
L.—'78,cp. iis'
Schnyl. B. E. S.— Ist, 68.Pitts. Cin.
&
RAILUO.^D STOCKS
2<l series 58,
Deferred incomes, coup
Phll.W. A Bait.- Tr. c, 48
K. C. Ft. Scott A Glf.-7s 117'al
Kan8. City Law. A »o.— 6s 100
100
Birm- 5s
K.C. Memph.
Kan. Cit. Ht. Jo.AC. B.— 7s 122-V
K. CitySii'dAMemp.— 68 , ^
K. City Clin. A Si>r'd.-58 5100
10214
Little II. A Ft. Sm.-78...i 100
110
Louisv. Kv.ASt.L.— 1st, 88
2dmort., 2-68
Mar. n. A Out.— 1925, 6s.
103
las'!)
1923, Os
87=4 08
Mexican Cen —48., 1911-.
3II9 32
1st con. inc., 38, 193 t
18
2dcon. lnc,3s, 1939 .., 17
128 "s
N. Y. A N. Eng.— Ist, 78?i
119
let mort., Gs
*;v.:*loo's 110
2d mort., 63
104
Cons., 68 8
Ogdens. & L.
C—
58, '18
A Krl9—con.
General mortg. 4a
Philadel. A Koart.-lst, 6s
2ft, 7s, C. A R., 1893--..
Cons-, 7s, coup., 1911.-Cons., 6s, g-, I.R.C.1911
Imp., 6.^1, g., coup., 1897.
Cons. 5s., Istser., 1922.
Neb.—
tfrant,78
104 V
I02<«
116
6s... {115'j 116
95..
1
CaliforniaSoQth.— 1st,
Income, 88
108S
I
104
1918
Penn.AN.V.Can.-5'<.'39 116
75'.
75
64
I
39
57
18t Inc., 58, 1931
8
Seab'd&Rou'ke— 58, 1926 105
East Pennsylvania
West. Md., 3d gnar.,6s-50
Elmlra A Williamsport.
iWil. Col.AAug.,6a,1910.l {
70
Preferred
{ Last price this week.
t Per share.
Atlantic, pref.
.
liaij
N. T. and Brooklyn Gas Secarlties— Brokers' Quotations.Bid. Ask.
GAS CO.MPANIES.
Bid. Aak
GAS COMPANIES.
,
108
""
07
Citizeii.V G.TO-Light
lllO
86
170
116
102
100
111
100
Bonds, 6s
Nassau (Brooklyn)
Scilp
A Pike's l"k, let
A Char. Air Line
Atoh.
Ist. 7a,
1119
'l2S
Bom1.^ 6s
Metropolitan Brooklyn) >r<inicipal- Bonds, 78.
Fulton Municipal
108
89
112
(
126
104
102
1
-
I
I
128
108
100
120
110
Bontls, 6s
Equitable
Bonds, 6s
76
I
1-26
il25
113
102
Ask.
SECURITIES.
Bid.
40
42
Mex. Nat.Constmot'D Co.
Mlcblgin A Ohio
Mt DCS.* East Sh. Ld.Co.
22'
Os 1(10
M7
1907
.
90
Brooklyn Klev'd- stock..
Brunswick Co
35
22 »4
39
24
A Imp..
A At— stk-
Continental Con.
-f
17
8
20
25
1
17
N. J. Southern
N. O. Pac. Land Grant...
Newp. N. A Misa. Val
•
N.Y.
N. Y.
2rt
V.-.S.A Buff
A Oreen'd Lake, Ist
A Imnr
mort
N.Y. Loan
N. Pac. P. d'Oreille
20
h
19
18
2
35
22
20
40
10
8I4
SO
l>lv..
MI3 ouri l>lvi80[i
North Riv.tJoUB- Co.serip.
O.I.AW.— Istacciutcert. 64
32
l.'>
2d ace. int. cert
13
112'v 112", Ocean SS. (,'o.-lst, guar 102
4
Atlaui.*. -821-j
82-4 Peuaacoia
BO'S 314 Postal Telegraph-Ceble- S3
Q'-orgla Pac.—Stock
let 68...
,.,
Consol. 5s
Income 58
Kanawha <tt Ohio......
1st pref
2d pref
Aak.
162
Newb. Dutch.ACoun
I'JO
10
Calllornia Paciflo
112
108
Ist mort., 4's8
104 ig -j2d molt., guar
8
Chic. A Atl.— Beneficiarylia
Cincinnati A Spiingt
C.V. W.AM. -Cen. u. Ist.
Dul. 8. shore
1/6
Bid.
8BCURITIE8.
Am. Bank Note Co
Atl.
|
People's (BrookIjTi>
Williamsburg
110
70
103
87
Stock Exchange— Unlisted Securities.
Pref
40
33>^
loo's
1900..-
Chartiers— iMt mort.,
33»4
New York
123
102
102
121
6>4
i
48's
6s,'89..
Cons.
via
126
Atlantic-
Cam. A Amb.— M.
Catawlssa— M. 78,
92 S
Preferred
200
100
135
66
230
65
112
Pnnt'nA
{120
160
175
Wisconsiu Central
325
«hoe*Leath.ll50
.Slxlh
240
529^
26S
229
R.-MLUOAD BONDS.
100
134
69
15>8
& New Eng., pref..
Northern
Norwich & Worcester
Oedensli. 4 Lake Cham.
OltlColouv
Portland ?*aco A Ports..
Summit llranch
Vermont A Mass
N. Y.
Gap
Camden A
..,;.
^\
Allegh. Val.— 7 3.10»,'96.
Inc. 78, end. coup., '94.Bells Gap— l8t M., 88
—
Manchester Jk Lawrence.
Mexican Central
Mutual iN. Y.)
112
117
118
West Jersey A
140
PreferrtMl
Haiiie Central
Land
*
A
Lewiston
nnltedCo'sof N. J
2'b>.1
***
'Vo"
73
52'..
8
9
WesLfelscy
Pref eiTcd
Mortgatre, 58
Trn.st, 0«
Bttil. A Mo. K. In
Exempt, 68
Non exempt, 68
Haven
a.
& Kne
Phil.
Sunbory
36ii
53»4
70ii
71>t
89'-,
North Pennsylvania
Pennsylvania
;49>4
Connecticut 4 Passump.. H13
201
Connecticut River
98
Eastern
Preferred
08
Fltchburg, pref
29
Flint & Pore Marquette..
Preferred
70
Kan. C. Ft. Scott * Mom.
K. C. Mcmph. & Birm....
Louisville Evans. & St. L.
Atch.
A
.
53i,
Xortlieni Central
25'
... {
Concord
il35
....
EUllth Av.-Stook
I
il06
;118
.
V.
!ll8
il8
1
Cr.
iJ65
Mluehill
19>a
4»i
Nesfinehoning Valley
|
A
18i>
LehlKh Vallev
Little SchuylViU
—
Ask
Bid.
Broad Top
Preferted
Bonds, r>8
Consolidated Gas
Jer.sev City A Hoboken,
Metropolitan— Bonds
Railroad SecnrI ties— Brokers' Quotations
5FcSerT<t ,t hii!. f. -Stk.; 28
latmott.. 7»., IdOO
114
Br'dway .t "IhAr. Sfk..ll80
lat mnrt.. 5». 1904
106
3d mart,. •". 1''U
103
B'way ."^M.
1034 104
Boa'tH
".-.....I 95
BrooVIrr
1140
Bk
Pacific
Park
186
185
RA ILKOAI) STOCKS, t
35 i^,
AUhlsoii iH Topeka
217>«t218
BoAtou <fc Albany
187
165
Boi«tou (\: Lowell
200 201
Boston A Maine
259
Boston & Providence
15
Calif oni lit Southern
11
Central of Massachusetts
Preferrc<l
North'n
Chic, Hurl.
Chic. A West, Mich...
Clcveliind A Cauton .
A
Hnntington
,
182>»
SECtTBlTlKS.
Ask
J
Brooklyn G'S- Light
North Klver. 140
Orieiifnl
210
136
iMnrray Hill. 175
Nassau.
|i»8
New York... 242
18T.J169
As*.
1.50
N. America..
Metroiiolltan 14
'Metropolie... 325
Mt. .MuriiB ..1175
160
[280
Dtj
Ninth
MeclLinlCH'.. 200
1^00
,1100
14th street.
MailisonSq.. 110
Manhattan .. 178
Market* Ku! 200
Bid
N.Y. CoBnty. 450
Bid.
BOSTON.
N.Y.NatKx. 127
125
M'chn'&Trs'. 206
IMercantile... 205
Merchants*.. 155
11th Waid... ll50
(
1
476
City
1
'400
Garfield
XUX.
[Vol.
SECrniTIES.
1,650,0
1,8(11,3
Jaly 20.... 116.856,2
'•
.
Qootationg in Boston, Philadelphia and Baltimore.
Following are quotations of active stocks and bonds, A fuU
each month*
list is fciven in the Chronicle the third Saturday af
t
60,762.7 64,630,1 415,980.0 70,022,4 40,911,0 430,323,6
Toul
AtXIf.
—
I
DeiwHU.
s,ooo,o' 1,661,3
iitr-^»"»» 00.
Jrartli
irartli
Leaiu
9iir*i<u.
MMttM.)
N*« Tort..
of
Spwt*.
•
CUfUoL
Baak
..
THE CHRONICLE.
282
(«0l
—
—
.
!
A
Louis
A
Chicago
70
37
104
6
86
«
35
104
2
St.
7's
St. Paul E.A Or.Tr-. 1st «b
*cio',o Vftl. lat, 7p,Tr. rec.
'Jd, 7.S, Trust rei;eipts-..
102
113
85
Wabash— New
1031a 104
SO'o
80
9319 94-
Pref
IstBs
Keely Motor
Lshigli A Wilkes. Coal...
Little Rock A Ft. Smith..
L, N.A.A':.— C.Al-D<v,,H8 108
271,
I.ouisv. .St. Louis A Tex.,
,
MemphlsAL Cha'st. consols 117
30
7'a
27 "i
Toledo Peoria A West.-. 13S
100
Utah Central.— 1st Os
5s
...
West.N. Car.— C'on.68
...
New
'2(1.
1
t,
OS
'
l*"*
,
August
.
.
.
. .
.
THE CHRONICLE.
24, 18«9,1
233
Xamingi
Laletl
Reported.
Jan. 1
ROADB.
Week or Xo
AND
Gra 1(1 Trunk—
Det.Or.H.&M. WkAug. 10
June
nousatonic
Hous.*Tc.\.Cen. June
§laxlt0ad Intellxgeutje.
and
to others at |1 per copy.
The Qen'.ral Quotatims of Stocks and Bonds, occupy in;/
six pages of the Chronicle, are now published on the
third §aliii'<lay of each month.
RAILROAD EARNINGS.
Latest Earnings Reported.
Jan. 1
to
Latest Dalr.
KOAI<S.
1889.
1889.
1888.
1
SSs.
UunieKt'uitShen July.
Ill.Cen.dll.&SojJuly.
Cedar F.&Mln, July.
J>ub. A-Sio'xC. July.
Iowa
July.
lines
1888.
to Lateet Dale.
1880,
1888.
*
.
The Investors' Supplement, a pamphlet of 150 panen,
contains e.vtenied tables of the Funded Debt of Stafei and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is puhlished on the last Saturday of every
other month— v'z-, January, March, May, July, September
and November, and is furnUhtd roithout extra >:% t -ii o
Extra copies
all regular subscribers of tJie Chhonicle.
are sold to subscribers of the Chroniclb ot 50 cents each
Week or Mo
1889.
\
20,707
97,719
180,048
12.000
1,061,049
6,906
120,386
127,292
22.917
06,415
1«7,»53
0,019
I
501,139;
517.798!
1,183,394
638.474
484,947
007,430
72.300]
80,193
888,366, 7,467,819 6,330,060
8,4861
40,088
91,658
142,997
891.5661
011,056
151,483
041,554!
062,712
July
1,188,341 1,030,840 8,400,373 7,.302,672
31,215
Ind.Dec.A West. July
27,293
200,400
102,284
2.53,740
lut.AOI. Nor... July
210,119 1,777,710 1,.565,806
33,628
Iowa Central... 2d wkAug.
20,889
840,129
802,480
KanawhaA' Ohio 2d wkAug.
6,277
143,047
7,012
147,636
St wk Aug
89,224
70,347 2,687,269 2,416,323
K.C. P.M. .t Mora
4,089
152,597
Kan. C. CI. & Sp 1 st wk Aug
4,246
150,523
K.C.Meni.&Blr. IstwkAug
17,731
13,,564
35,960
28,246
226,070
K.C. W.y. &N.VV July
141,019
Kentucky Ceni.iJunc
79,282
453,170
79,872
443,962
Keokuk & West.; 2d WkAug.
7,433
190,754
5,767
185,312
Kingst'n &Peni.' 2d wkAug.
2,824
116,425
3,148
113,551
Kno.w. & Ohio. May
44,893
38,13:
238,888
108,566
4,465
.5,145
L. Erie All. it Ko July
31,250
31,467
2d WkAug.
56,534
L. Erie & West
50,037 1,469,468 1,100,767
28,350
Lehigh & Hud. •Inly
24,018
151,560
138,115
L. Rock* Mem. Ist wk Aug
10,408
13,781
323,445
303,829
444,117 433,727 1,877,274 1,848,202
Long Island ... July.
36,949
La. & Mo. River June
33,281
192,297
205,619
Louls.Ev.&.-^t.L. 4thwk J'ly
29,461
25,540
539.223
526,052
.353,755
Louisv.it Nash V. 2dwk Ang.
307,950 10,420,776 9,672,020
Louis. N.Alt Ch 2d wk Aug,
46,965
48,271 1,407,020 1,293,270
I,oulsv.N.O. itT. 2d wk Aug
40,755
36,045 1,489,687 1,311,035
26,.558
Lou. 8t.L.& hex. July
Louisv. South'n. July
31,000
20,090
Mcnipliis it Chas St wk Aug
39,995
31,561
074,878
923,020
tMexican Cent... 2d WkAug.
114,178 112,747 3,816,844 3,615,407
293,292 171,7.53 2,130.319 1,323,898
;Me.x. National July
tMexican R'wav Wk July 27
75,886
70,508 2,467,248 2,288,413
Mil.L.Sh.itWcst 3d wk Aug
8,5,266
67,560 2,120,333 1,681.236
Milwaukee it No 2d wk Aug.
24,800
23,021
692,285
629,601
Mineral R.inge.. July
9,920
61,443
9,433
52,521
Minueap. itSt.L. •Inly
119,787 109,034
711,167
725,055
1
M.St.P. &.S.S.M. July.
749,250
485,265
6,705
84,333
Mo. Kan. & Tex. July.
626,134 509,996 3,767,435 3,417,432
204,933 179,232 1,681,951 1,380,140
Mobile it Ohio.. July.
Montana Union. June
64,206
373.162
73,814
344,142
299,209 262,584 1,964,110 1,752,599
Nash.Ch.itSt.L. July.
Natchez Jac.&C. id wk J'ne
2,410
69,845
2,247
82,856
New Brunswick. June
87,504
432,659
402,036
80,969
N. Jersey &. N.Y May
21,335
18,9.50
87,268
86,620
New Orl. & Gulf .July
10,576
92,062
9,267
88,160
N. Y. C. & H. R luly
2,951,919 2,8.50,191 19,732,064 19,472,824
.Tune
N. Y. I,. E. it
2,311,604 2,282,191 12,196,582 12,846,611
N. Y. Pa. & Ohio June
549,128 538,717 2,915,192 2,062,976
N. Y. it N. Eng. lune
479,880 450,079 2,599,108 2,141,775
341,12.N. Y. it North'n •Tilly
56,865
58,959
319,050
N. Y.Ont. itW.. 2d wk Aug.
45,165
39,689 1,084,468 1,012,975
;N.Y. SiLsq.&W. June
116,180 113,639
600,931
659,037
Norfolk ,t West. 2d wk Aug.
124,439 100,988 3,184,393 2,893.643
N'theast'n (.8. C.) June
32,274
43,041
328,1 15
341,801
North'n Central. Juno
*416,553 551,260 2,715,301 2,900,142
NonhoruPaeitic 2d wk Aug, 429,931 3 j8,44d 11,852,592 0,777,324
Ohio Ind. & W.. 1st wk Aug
30,600
802,432
831,214
30,695
Ohio it Miss
2d wk Aug. 101,481
96,539 2,328,169 2,197,020
Ohio it Northw.. July
19,130
116,425
102,605
16,600
Ohio Hiver
261,610
2d wk Aug.
12,820
314,430
12,619
Ohio Southern. July
302,324
32,717
35,.559
277,710
Ohio Val. of Ky. 4th wk J'ly
4,53,"
68,688
6,157
78,68
Omaha & St. L.. June
221,350
104,748
.39,052
32,349
Oregon Imp. Co. May
405,138 452,154 1,034,984 2,066,414
Oreg. R. it N. Co. June
541,473 530,09" 2,000,952 2,792,878
Oreg. Short Line .Tune
289,736 227,021 1,462,376 1,175,776
Penn.sylvania .. June
3931020 5,080,402 28,004,237 27,858,205
Peoria Dec.&Ev. 2d wk Aug.
394,119
14,757
422,853
15,698
Petersbuix
.Tune
222,578
252,568
38,-545
37,291
Phila. & Erie... June
318,926 431,172 1,960,735 1,898,174
Total
;ill
....
1
.
1
Addison & Poiin
Allcirheuy Vnl..
Anniston
Aimiston
A-
42,566
852,781
Sfay,
j
May
All. July
A- Ciu. July
Ashv.it Spartan. July
AtcU. T. A .<. Fe.. 1st wk Aug
178,183
7,011
8,59
11,100
357,229
2,010
57,015
17,364
12,547
409,239
102,553
23,334
47,00S
163,311
7,271
5,5,638
6.3,622
35,989
798,165
51,919
9.813
65.897
60,450
360,578 11,007,515
1,431
Sr.L.K.C.&Col. )Ktwk Ai.g
33,209
57,404 1,886,923 1,508,258
Gulf.Cdl.A-B.F. IstwkAug
13,957
616,472
Califor'a Cent. l.stwkAug
IstwkAug
25,743
465,182 1,047,068
Califor'aSou..
487,429 14,885,887 1,3,980,382
Total svsteml. IstwkAug
Atlanta & Cbar June
82,046
709,770
02 I, !)!;!
Atlanta * W.Pt. July
26,287
226,117
2-' I, (109
53,750 1,661,821 1,007,055
Atlantic .t Pac. 2dwkAug.
1,455,899 1.315,937 9,111,330 8,600,112
B.&O.E i^; L ucs July
107,710 :'41,618 2,716,818 2,617,196
Western Lines July
July
1,863,609 1.657,555 11,^28,148 H,217,;)08
Total
*122,195
Bait. iV Poto'.uac'Junc
133,869
787,423
745,431
'July
BeecU Crceft
75,742
71,079
433,900
545.380
Buff.Kocli.A: rut iyd wk Aug.
41.185
38,403 1,192,688 1,175.737
217,7H) 194,.501 1,067,334 1,020,533
Bur.C.Rap.&N 1. May
13,124
Cairo V. & Chic 4th wkJ'ne
12,195
325,145
328,805
Caradeii & Atl.. June
68,667
68,027
274,194
253,01 1
Cinadiau Paeitie •Jd wk Aug. 312,000 269,000 8,294,494 7.549,745
Cp F'lMfcYacI.Val July
28,415
24,88
217,582
176,266
53.121
Cent. Br. U. P.. June
60,572
3 ;9,795
418,502
Cen.KK.^•B^'.Co June
506,739 465,761 3,427,660 3,209,099
Central otN. J.. June
1.190,930 1,074,180 6,040,400 5,756,047
Central Paeiflc.. June
1,326,023 1,331,7,-^1 7,117,897 7,260,129
Central of B.C.. June
5,664
50,17;
6,931
51,208
Charlest'n & l?av Juno
40,689
38,888
323,667
300,385
Char.Col. & Aug. July
71,550
67,595
485,096
492,429
Chat.R'mc&Col. May
22,429
93.310
Cheraw. & Darl. June
4,389
3,769
38,297
37,007
rfChes. & Ohio
July
586,306 442,326 3,172,624 2,871,497
Ches. O. & S.
June
152,322 14.3,219
940,814
912,899
Eliz.Lex.A-B.S. June
56,991
77,207
391,04
457,111
Cheshire
June
296.919
50,835
206,507
60,996i
Ches. & Lenoir June
4,649
4,742
34,56
38,499
Clue. & Atlantic. 2d wk Aug.
45,013
43,263 1,272.429 1,374,710
Chic. Burl. & No June
141,801
174,004
932,295
795,362
Chic. Burl. & Q. Juno
2.109,207 1 ,953,934 11,962,777 9,975,966
Lines CDntr'l'd June
574,853 491,906 3,383,749 2,559,268
Chic.& East. 111. 2d wkAug.
55,447
5(;,57
1,533,499 1,550,937
Chic.Mll. A.St.P. 2d wk Aug.
453,000 449.253 13,994,918 13,397,285
".. 2,267,573
Chic. &N'thw'n. July
2,149,667 13,378.3(i3 13,627,093
Chic. & Oil. Riv. July
4,9101
3.353
40,109
25,755
Chic. Pe. & St. L. May
28,016
135,9j9
25,117
117,460
Chic.St.P.&K.C. July
268,037 186,270 1,560,147 1,130,760
Chlc.St.P.M.A-0. June
478,734! 561,689 2,739,011 2. 794. 266
Chic. & W. Mich 2d wk Aug.
25,310;
831.899
27,706
847,036
Cin. Ga. & Ports. July..
5,937
33,840
6,357
34,181
Cin. Jack. & .Mai 2d wk Aug.
16,216
3.50,56'i
11,275
299.054
Ciu. N. O. & T. P. 2d «k Aug.
72,l60l
65,798 2,224,2841 2,170.1)05
Ala. Gt. South. 2d wk Aug.
33,031
27,028 1,081,636
9011,403
N. on. & N. E. 2d WkAug.
13,635!
14.206
499.252
5S4,930
Ala. & Vicksl). _ d wk Aug.
8,731
324,013
„.
7,425
205,991
Vlcka. Sh. A P. i2d wk Aug.
2sii,:i20
9,168
9,581
31.0,274
Erlanger svsl.;2d wkAug.
136,7251 124,038 4,530,137 4,134,931
Cin. Rich. A: I-'t. W I2d wk Aug.
8,672:
7.320
267,408
213,842
Chi, Scl. A- Moll July
5s, 77
7,
5,473
54,29o:
8, .33
Cin. W.-il^.tMioli. .Inly
49,200
40.817
203,408
287,779
Ciu. Wash,.!. Ball 2 1 wk Aug.
49,294
43,278 1,22,'>,902 1,221,467
Clev.AkronACol' 1st wk .\ug
15,311
12,635
307,025
421,686
Clev. & Canton.. 'July
37,530'
21 1.973
30,523
233,013
cCl.Cin.Ch.A s,I.|2d w« Aug,
238,028, 222,220 5,122,209 4,7!i:i 978
Clev. & JIarictta J uly
21.410
lo9,2S7,
151,533
24,448
Color. Midland.. 2dwlrAug.
30.820
7ii.-.,798
27,284
992,356
Col. »fe Greenv
July.
.^2H,707
43,900
30,897
384,175
Col. &Cin. .Mid.. 2d wk Aug.
8,327
197.405
7,889
1 95,533
Col. Hock. V.&T. .t wk Aug
53,846
63,74£r 1,365,018 1.59S.004
Coving.&.Mai'n. .luno
5,912
41,!)MS
3,094
19,344
Day.Ft.\V..\;Chi. July
38,642
32,3741
205, Ii5,')
223.277
Denv. & Rio fa-. 3d wk Aug 149,000 154.500 4,711,781 4,090.091
Denv.S.P'kA-Pac Juno
86,099 104,6061
5
.358
387,222,
/•Den. Tx.it I'.W. -d WkAug.
60,763
971,096
32,177 l,3i)8,2S3
Det.BayC.tAlii Ithwk J'ly
2-<:!,066
15,833
16,430
311,512
I)ct.Lan.s'g\-No -d wk Aug.
577.2.^9
20,513
20,7221
()48,(141
DdluthS.S.A Atl 2dwk Aug.
77i;.75!
47,6.53
41.180 I,0t9,s97
E.Tcnn.Va.A'Ga. .id WkAug., 116,896
107,153 3,5 10,523 3,31s,:iliH
Evaus.&lnd'plis 2d wk Aug.
7,686
6,541'
16S.2:tO
139,996
Evansv. A- T. IJ. 2d wk Aug.
51<l.,-,74
522.10;i
19,150
23.3741
Fitchlnirg...
June
477,076 450,06 t 2,6l6,Ol,". 2,1111,247
Fllut.AP. Marn 2d wk Aug.
42,584
4<1,287 1,401,200 l..".00.172
Flor. Cent. A- P. 2d H'k.Aug.
oi.-,,sia
15,699
!iSO,sl7
12,620
.'.
Ft. W. Cin. &h.. June
24,534
1 .:5,760
21,774
139,914
Georgia Pacillc July
105,594
093,645
93,810
731,161
Geo. .So. ifc Fla.. June
22.043
121.660;
Hr. Rap. At Inrt.. 2d wft Aug.
55,840
1.307.723
49',04':i] 1.403,780
Other liii.-s .. 2d wk Aug.
122.,-,45
3.512
2 1,94-.
3,63;
Grand Trunk
Wk Aug. 10 400,946 367,522 11,477,73.- ll't.2..-,94
Chic. AGr.Tr. WkAug. 10
76,807
56,162 2,071, .50
i.!-2,8Sl
.
W
.
i
1
i
'.
I
1
I
1
.
1
W
Phila. itRe.ad'g.
June
1,536,732 1,731,7.37
it West'n June
Pitts.Clev.&T. Tune
wk Aug
114,790
39,791
28,890
40,372
14,075
17,496
9,149
235,173
23,742
27,350
281,379
30,616
22,360
72,823
122,461
120,357
638,789
28,694
Fran.it N.Pae 3 wks July
Sav. Am. & Mon. July.
Scioto Valley... June
Seattle L. S. &E. 2d wk Aug.
Shenandoali Val July....
South Carolina July....
14,295
43,971
8,030
85,000
96,661
Pittsb.
June
Total system 2d wk Aug.
Pt. Royal & Aug. June
Pt.Roy.ifeW.Car. June
Pitts. Pain. ifeF
Prcscott
it
Ariz. July
cR.& Dan. Sys'm 2d wk Aug.
June
Rio Grande W. 2d wk Aug.
Rome W. it Ogd. June
St. Jo8. it G. Isl 2d wk Aug.
St.L.A.itT.H.B's 2d wk Aug.
Ricli. it
Petersh,
&Tex 2d WkAug.
San Fran 2d wk Aug.
St.L.Ark.
St.L.it
St.PaiilitDiil'th July
St.P.Min.it Man, July
S.Ant.&Ar.Pass.
1
st
S.
So. Pacific
l.s,629
10,925
8,821
215,271
23,443
27,075
297,220
22,613
18,.541
07,018
119,206
181,595
825,208
18,637
48,081
7,699
49,718
4,217
71,512
586,276
679,509
216,451
243,391
142,103
101,806
1,325,324 1,170,734
173,734
152,025
1 79,249
156,879
52,780
75,046
6,585,598 5,847,160
132,225
146,365
747,787
839,895
1,539,283 1,499,267
6S4,.-i,>l
020,220
'
597.11it0
1,854,7SN, 1,,")S,-|,301
3,332, 4H(l; 3,203,592
62 1,-147
4,030,473
600.546
811,528
4,915,367
548.650
100,181
47,604
312,185
83,211
300,386
153,833
477.871
723,434
295.252
71,989
1,800,147
489,834
1,854,571
289,523; 2,403,585
2,437,512
52,655
064,248
5,454,278
16,602,073
22,056,352
458,972
676,914
Co.—
Gal.Har.itS.A
Louis'a West..
Jlorgan's LiT.
N. Y.T.itMe-x.
Tex. it N. Orl.
Atlantic nys'ni
Pacific syBltmi
Total of all..
So. Pac.
5.5,694
107,730
40,120
27,670
43,549
.Tune
..
June
..
.Tune
..
June
..
Tune
June
June
June
..
June
...
June.
. .
.
.
..
281,681
78,577
315,367
12,703
9,919,
64,751
1.32,289
104,412;
719,081
823,616 771,095! 5, .507,098
2,841,152 2,9,50,61915,769,784
3,604,768 3,721,714|21,277,48J
445,297
Rl!.—
No. Div. (Cai.)
So. Div. (Cai.)
Arizona Div..
New Mex, Div.
.Spar. Un.it Col.
Staten I. Rap. T
June
June
June
...
...
...
July....
Summit Branch. July
Lykens Vallev July
Texas it Pacific. 2d wkAug.
Tol. A. A. it N. .M. 2d wk Aug.
1 89,246
495,591
127,256
67,843
6,843
125,005
98,380
51,570
lll,807|
18,677
182,368!
554,678
155,598
84,842!
484,8,52
5,357
145,262
107,136
55,239
534,246
679,883
457,278
57, lii5
102,037
15,012
10,805'
Tol. Col. A- Cin..:July
20,746
Tol. A Ohio Cent. 2d wk Aug,
20,61.'<
27,408
Tol.A- O.CVn.Ex.! July
W,970
7,921
Tol. P. ,t West. 2d WkAug.
19,183
17,521
15,S09
Tol. St. L. & K.C. 3d
Aug
32,019
Union Paeiflc... iJune
.. 2,508,239 2,483,208
wk
Total sygtemt.. June
948,262
2,060,363
936,737
3,589,4*5
556,199
1 37,664
684,644
888,802
3,388,459
1,136,098
540,839
47.900
514,196
812,333
582,590
3,.568,845
363,666
99,563
687,039
,568,426
529,715
594,720
299,014
12.778,68813,493,580
3,240,289 3,203.962 16.541,359 17.439,111
..
6
..
THE CHEONICLE
234
Jan. 1
BOAM.
»w*w](t|
188V.
174,172!
180,4001
a«.758
14.888
175.800
5&9.a40
208,624
11,650
20.011
76.a00
08,200
132.270
72.837
19,351
S'.'.OOl
56.613
15,800
154,928
506,346
273,432
10,813
29,430
75,000
48,940
150.030
43.248
17.317
50.»19
\ 11-,:
.
ll
89.S2I
•
1
JUUO
l:.ill«\
-.'ilwkAug.
oWalM-li
Vn~h.<i..v Wi-ni July
\\.-,«Iirii of Alu. July
V i-t
\ Y *
«•-•
M wk Ami.
'•'
IhiL
-"
^
Wl--
V.N
\kh,< ...
*tl.<
Wi»i .iii.il
.
Aug.
^
c
.1,
Kill.
T
nov
Auk.
iiiptfrt
r«l)i|>
.
82,73-J
U
:
DaU.
02!»,3,5r>
913,047,
320,743
354.0371
81,801
82.711
9»S,'.'09
1,139.970
2.911.!»(i«
3,030.771
7,402,848i 7,000,930
00,483
62,020
1.077.1021 1,839.119
351.016
065.971
338.120
529,404
399,887
2,180,874
507.978
629.109
418.1.'>5
531.073
439,084
2.316.494
mad
Worth &
latest weekly earnin gs in the foreRoing table are separately summed upas follows.
Taken as a whole, there is no change in tlie character of the
wet'klv returns of earnings. For the second week of August
then- is n eain on 73 roads of 9-82 t)er cent.
«ro8s EarDlnffs by Weeks.— The
L«t«>Kt
^^
2d
trtele
of A iifftul.
1889.
1888.
Inereate.
I
Deenatt.
9
AOutlrA
Purifle
•Alo Rocb. A PItUDurg.
1V»«^»»" PooiHc
Cuicaga Jc AtUiitlo
Onie.
*
E«8t. Illloola
Otleago Mil. A ax. Paul...
Okloago A West Mleh
Onelnnati Jack. A Mack.
On. X.O. AT. P. (5r'd»)
anolnnatl Ricn. A Ft. \V.
On. Wash. A. Bait
Oleve. CiD. rh. 4:St. L...
Oolontdo Midland
OoL A Cm. Midland
Denver Rio Ur
Denver T. & Ft. Worth..
Detroit Lau^ing 4 No
a.
A
Atlantic...
.
Fla. Cent. A PiniiiMila...
RapldaiSc Indiana.
emnd
Other UuM
Grand Trunk n{ Canada.
•Chicago A (imnd Tr...
•Detroit Gr. U. & MU...
Iowa Cential....
Kanawha & Ohio
Keokuk
ik
Western
KiUkntoii A PeiuUroke....
Lake Krie A Western
LoulBvUi,' dtNa-hville...
LonlavU'e N Alij. A Chic.
LonUTlUe N. O A Texas.
Mexican Central
Milwaukee L. Bh.AWest.
Milwaukee A Northern..
K.Y. Ont. A West
Korfolk A Western
northern Paclllo
Ohio A .Mls9is>il|>pi
Ohio River
Peoria Dec.
A Erans
A West., tot. Hvsi'm
Rich. A Dauv. (H loade)
Pitts.
Rio (iraudo Western ..
Bt, Joseph A <ir. In'and..
Bt L. Alt. A T. H. Broha
Bt.
Bt.
Lonls Ark.
A
Texas...
Louu A San Fran
Bealtle L. 8.
Itaaa
TMedo
A
Kast.
Paclllu
Ann A. A No. Mich
A
Toledo A Ohio Central
Toledo Peoria .V Wcstet n .
Toledo 8t, I.. AKaii. C...
Wabaah
;eonHol. si stem).
Wrtslem N. Y. A Penii...
Wneellng A Lake Erie.
Wlscojisin Central
25,3101
16,21'
136,725
8.672
49,294
238,028
30.820
8.327
00.763
20.513
EadTenn.
Va. AQ»,
rmiUTllle A Indiauap..
vwiSTille A T. H
VUnt 4 Pere Marquette.
45,013
55,447
453,000
138 000
1.1:
Dotutli 8.
47.008!
41,185!
312,0001
47,65i:
116.896
7,6-6
19,150
42,584
15,699
55,840
3.512
400.946
76,807;
20.707
33,628
6,277
7,433
2,824
56,534
853,755
46.9H5
40,755
114,178
81.532
24.800
45.165
124,439
429.931
101,481
12,820
14.757
40,372
235,173
27.850
30,616
22,360
72.823
122,461
8,0.10
111,807
18,677
27.4019.183
33.250
298.624
76.300
19351
89,821
Total (73 roads)
6,244,681
>«t Increase i9-82 p. o)
* For week eudlne 'August 10.
53,750
38,403
269.000
43,263
56.575
449,2.'>3
27,706
11,275
124,038
7,320
43,276
222,220
27,284
7,889
136,500
32,17
20.722
41.180
107,153
6.541
23.374
43.287
12,620
49,043
3,637
367,522
56,162
22,917
29,889
7,012
5.767
3.148
6,742
2,782-
43,000
1,750
1,128
•"3,747
2,396
4.941
12,687
1.352
6.01
15,808
3,536
438
18,500
28,586
"ida
6,473
9,713
1,145
4,224
7U3
3.079
6,797
125
33,424
20,645
"i',666
50,03'
"o'Vo'?
307.9501
48.271
36.015
4.710
112,747
66,42b
23,021
39,689,
100,988
358,446
96.5au'
12,619
15.698
43,519
215.271
27,075
22.613
18..M1
67.018
119,206
4,217
102.63
15,012
20,648
17,421
14,773
273.432
75,600
17,317
82,732
4,775,515
45,805
1,306
$
S
8,600,112
2,791,273
.
Get. 1 to Ju'y 31,
)
Oct. 1 to July 31,
10 mouths
)
5
Total system
13,020, ftSO 12,713,54<>
Gross.
10 mouths
JNet...
West of Ohio Elver. Gross.
407.710
341,018
4,213,195
2,017,198
4,102,313
2,716,818
Net...
877,678
236,436
2,807
77,045
4,020.090 3,919,817
Gross.
Net...
656,294
514,752
Gross. 1,883,609 l,057,-555 11,820,148 11,217,308
Oet.l to July 31, Gross.
10 months
iNet
17.016,979 16.633,357
4,738, t07 4,757,947
niinois Central
Gross. 1,061.049
888,366 7,467.819 6,339,960
Net
430,842 275.353 2,804,042 1,915,542
Net less perman't expenses
420,812 265,027 2.687.166 1,840,427
514.196
Statenl8l.Eap.Tran Gross.
531.246
125,905 145,262
159.963
153,852
Net...
71,502
67,389
678,821
to July 31, 1 Gross.
703,531
190,729
10 mouths
17T,6j28
JNet...
812,333
Summit Branch
679.883
Gross.
98,389 107,130
110,308
£0,767
Net...
6,023
7,102
582,.390
457.278
57.165
Lykens Valley
Gross.
54,570
Net..r
7,386 dl. 12,017 def. 30,297 def. 27,348
397,200
369,301
53,900
65,400
Tenn. Coal & Iron Co.Not..
-Jan. 1 to June 30.-«
-June.1888.
18S9.
1889.
1888.
$
Soad».
$
$
941,797
944,774
147,466 151.113
Buff. Eoch. & Pitts.. Gross.
168,128
241,403
32,317
33,594
Net...
303,961
346,125
56,352
63,884
Clevel'd Akron&Col.Gross.
66,658
81,lt)2
12,227
17,921
Net...
Gross.
204,231 251,462 1,097,601 1,286,10*
Col. H. V. & Tol
581,807
420,03
Net...
Denv. Texas & GulfGroes. 230,152 189,313
46,728
41,091
Net...
201,727 194,078 1,110.037 1,018,012
Loute.N. Alb. & Chlo. Gross.
303,696
350,145
71,774
77,368
Net...
Rome Wat. & Ogd... Gross. *28],379 297,226 1,539.283 1,499,267
577,888
5^9,299
130,828
Net... *U6,660
2,42<J,2il 2,360,377
Oiot.l to June 30, 1 Gross.
982,93a
958,646
9 months
J Net...
283,582
414,210
49,925
70,823
Tol. A. A. & N.Mich. Gross.
113,43ii
186,568
Net...
..
!
..
,
OoM
'
Decrease due to interruption of coal traiBc, caused by
floods.
ANNUAL REPORTS.
The following railroads have not made any reiwrts for the
year 1888, and to supply a record of their statistics in the
Chronicle, the statements below are reprinted from the volume of Poor's Manual just issued
:
Central Iowa Railroad.
(Tor the year ending December 31, 1888.^
1,431
15,104
1,779
5,476
23,451
71,485
4,942
201
Train mUeage— Passenger, 458,166; freight, 1,222,727; other,
.50,637— total, 1,731, -530 miles. Passengere carried, 330,282;
carried one mile, 9,548,570 ; average mile rate, 2-63 cents.
Tons freight moved, 903,687 moved one mile, 116,894,406;
average ton-mile rate, 0'91 cent.
Expenses —
j,
Enmings
$586,198
i5251,65e Ti aiispcrl atior
I'lissenger
101,175
1,062,* 62 Motive power.
Freight
73,020
Maiuteuaiico of cars...
30,631
.Mail
356,427
12,580 ^laiu'enaiicc of way...
Express
159,202
Mjsc, llaueous
;
941
3,177
19,902
275
8.003
3.819
5,805
3,255
3,813
9,170
3.603
6.760
1,662
18,477
—
Total ($2,659-41
p.
m.).f 1,363,531
Total
(if
2,485-73 p. m.) $1,276,024
(6-49 per cent), 887,509. Add rental of B. C. R.
N. RR.. §14,000: other receipts, §2,301— total available revenue, §103,808. Paid rental leased lines, §12.814. Balance
surplus, §90,994; surplus from last year, §203.693— total sur-
Net earnings
&
25,192
700
2.034
7,089
511,856
469.136
18S9.
S
B.iO.E. of buioRiv Gross. 1,455.899 1.315,937 9,111,330
Net.
551,167 529,205 2,82->,923
2,210
'"324
July 31.-.
1888
,-Jaii. 1 to
1888.
$
"3,739
'"733
.
1889.
Kamlnss
.('enra.
July.
.
Roods,
Tluciu'lliiB lines in
n Wabii.ili K'wiiy
(trfat floods,
MfXicnii ciiiTeney.
XUX
Net Earnings Monthly to Latest Dates.— The tables followshow tlie net earnings reported this week, the returns
for each road being published here as soon as received, but not
kept standing from week to week. The figures cover the
latest months and the totals from January 1, and also the
totals for the fiscal year on those companies whose fiscal year
does not correspond with the calendar year.
250,23S
277,r>8l
[Vol.
ing
188S.
<•
tlip McuipUi.'i division In 1889.
operau-d. d Rlcbnioud A- AUeiiUony
IncludiuK all
U. C. for flrst three
yean'.
/ lucludes Fort
h liuliules
i'
hy the
Ill-Id.
to Lalttt
1889.
1888.
I
Wal.:l
1
.
.
.
plus, §294,687.
Chicago Burlington & Northern Railroad.
(Tor the year ending December 31, 1888.
;/)
42,720
The complete statement for the 1st week of August covers
^9 roads, aud the increase ia 8-54 per cent.
Train mileage— Passenger, 547,123; freight, 965,503; other,
66,102—total, 1,578,728 miles. Passengers carried. 330,293; carTons
ried one mile, 18,911,313; average mile rate. 1-69 cents.
freight
moved,
1,169,033;
moved one
ton-mile rate, O'oOcent.
Eaminffs—
mile, 326,989,449; average
Expetves—
Mail
•<:8.279
T-a' sportation
Milt vo power ...,
Maintenance of chr».
Express
18.613
14.421
M-ut.fU'«wuy
General
I'assenger
Freight
.Miscellaneous
.$321,319
1,643,653
&
.
buil.l's.
$947,678
92,176
80,532
314,947
145,022
Total ($4,279 91 p. m.) $1,680,358
Total ($5,487-66p. in.) $2,026,318,
Net earnings (22-08 per cent), $44.5,960. Add interest and
e.Kchange, §15, .5.53— total available revenue, §461.514. Payments: Interest on bonds, §63.Ju8I2: trackage rental. §67,479;
Balance, deficit. §329,738; detaxes, §87,960—total, §791,252.
ficit from last year, §68,578—total deficit, §398,316.
New Orleans & Texas Railway.
(Tor the year ending December 31, 1888.^
Train mileage— Passenger. 802.088; freight. 8fio,263— total,
LonisTille
Passengers carried, 675,745; carried one mile,
1.6G7.351 miles.
2).653.025; average mile rate, 2-41 cents. Tons freight moved
I
—
1
.
August
THE CHRONICLE.
24, 1889.]
670.302; moved
0-91 cent.
one mile, 171,990,388; average ton-mile
Earnings —
I
$7'.3,5ir>
l,5(i(i,207
Passeinrer
Fiels;Ut
49,195
51,450
4^,916
Miiil
E\-|iIfi'S
llbeelUuoous..
Total
(.•ji4,642-34
'
Erpi^nxet—
TraiiBportatlon
MotlTc power
Maluteuanoa of cars...
Malntenaucoof way...
Uentral
rate,
$5!>7,lfiO
5l>2.i:i9
153,H70
Mihvankee & Northern Railroad.
CFor the year ending December 81, 1888.^
—
Train mileage PassenRer, 408,.544: freight, 412,714; mixed,
Passengers carried,
39,707: other, 19,544— total, 940,509 miles.
270,836; carried one mile, 10,046,731; average mile rate, 3-60
cents. Tons freight moved, 542,787; moved one mile, 64,379,254; average ton-mile rate, 1'31 cents.
Earning-^
Expenses
$3?9.(i77
Passenger
if2Cl.S05 Transpoi tation
FreisUt
781,401 Motive power and ears . 110,491
BiHil and express
41,o;j8 Malnteu'ce way & build's 137,.') 1
119,707
MlgccUaueous
1,173 General
—
—
Total (.f!3,409-39 p.m.) $1,085,719
Total ($2,373 35 p. mile) !f757,;i87
Net earnings (30-34 per cent), §338,333. Payments: Interest
on bonds, $333,430; rentals. $30,102; other payments, §7,653
total, $350,174.
Balance, surplus, §78,157; surplus from last
Tea'-, $134,933; total surplius, as per general balance sheet,
$313,081.
Minneapolis & St. Louis Bailway.
CFor the year ending December 31, 1888.J
Train mileage— Passenger, 444,233; freight, 578,134; other,
17,545— total, 1.039,901 miles. Passengers carried, 453,543;
carried one mile, 13,019,508; average mile rate, 3-35 cents.
Tons freight moved, 84-l,964: moved one_ mUe, 80,388,838;
rate, 1-19 cents.
Earniufjs—
Passen«er
i
957,901
41,784
2:1,<U9
Miscellaneous
Erpey^nes
—
Tranaportation
Motive power
$305.(531
Mall
Express
25,623
,
Maintenance of cars...
Maiuten'ce way&tddgs.
General
$200,4(30
263,292
91,ti48
301.026
155,771
Total ($3,71010 p.m.) $1,354,559
Total ($',772-39 p.m.) $1,012,200
Net earnings (35-27 per cent), §342,358.
|
Oliio
Indiana
Jacksonville Tampa ft Key We.«t Railway.
CFor the year ending December 31, 1888.^
Earnings (130-5 miles)— Passenger, §153,969; freight, $280,-
41,S29
(36-r>0
Prelirht
—
general balance sheet, §345,840.
Total (.$3,409 34p.in.) *l,781.-'t)3
p.m.) .?2,4'J6,316
average ton mile
Net earnings (23-46 per cent), §689,801. Payments: Interest
on funded debt, §389,841; interest on floating debt, 11,887;
other i)aymcnts. §6,800— total, $408,538. Balance, surplus,
§360.773; surjilus from last year, $85,087 total surplus, as per
48:t,S92
per cent), §644,434; other receipts, Ss.(ii7;
total available revenue, i$t)r)'>,441. Pavments: Interest on bunds,
$44.j.600; on debt, ,S3,9.")1; rental, ^7,137; miscellaiieou-i expenses. 839.080: taxes. .S64,684— total, S3,'5 1,359. Balance, surplus, §101,083: add surplus from last year, §384, 536u; sm-plus,
as per balance sheet, $485,609.
Net eamtngs
709; mail. S14.;349: express, §-30,515; other, §9.59— total, §450,.'W2.
—
Operating expenses Transportation, §121 ;939; motive pf)wer
and cars, §58,579; maintenance of way, &c., §79,081; general,
§57,181— total, 8317.865. Net earnings, $133,137. Paid interBalance, surplus, $39,177; surplus from
est on bonds. §93,960.
last year, §130,137—total surplus, §169,.304.
Financial statement—Capital stock, $2,610,000; funde<l debt
(1st mortgage 6 per cent 30-year couiion §1,000 bonds due
March 1, 1914, interest payable January and July), §1,506,000;
bills
pavable. §10,000; current accounts, §-302,384; profit
and
§169,304— total, §4,557,689. Contra: Cost of r<xid and
equipment, §4,261.173; real estate, &c., §8,557; materials and
loss,
§31,991;
$336,046; cash
fuel,
receivable,
bills
on
h.and,
$3,707;
current
accounts,
$37,315— total, §1 557,889;
GENERAL INVESTMENT NEWS.
—
Called Bonds. The following bonds have been called for
payment:
City OF Euzabethtown, Ky.— All the outstanding bonds of
the issue of July 1, 1881, are payable on presentation at the
Treasurer's office, Elizabethtown, on September 1, 1889. Interest ceases after that date.
City of Jacksonville, Fla.
—Sanitary Improvement Bonds,
Nos. 10. 17 and 18, $1,000 each; Nos. 25, 26, 27, 28, 29, 30, 31, 32,
33, 34, 35, 36, $500 eacb: Nos. 80, 31, 32, 33, 31, 35, 36, 37, 38, 39,
$100 each
will be paid by the City Treasurer,
terest wUl cease September 1.
Jacksonville, Fla.
In
A
Chattaroi.— large interest in the first mortgage bonds
has been purchased by Mr. C. P. Huntington. The road extends from Ashland to Richardson, Ky., 50 miles. It connects
at Ashland with the Elizabethtown Lexington & Big Sandy
RR. George C. Wood is the chairman of the Pm-chasing Committee of bondholders, by whom the road has been operated since the discharge of the receiver in 1888.
Cincinnati Washington & Baltimore.— The sale of the
Cincinnati Washington & Baltimore Railroad was to have
taken place on Aug. SO. Many of the holders of the C. W.
&
& Western
("For the year ending
285
Bailway.
December 31, 1888.^
B. securities are, however, away from home, and therefore the bonds and shares, which were to be deposited with
the Farmers" Loan
Trust Company of New York, have
not yet been so deposited in sufficient quantities, and the time
of sale has been extended to Sept. 16.
&
Train mileage— Passenger, 700,802; freight, 652,540; other,
477,325 total, 1,890,567 mile^ Passengers carried, 610,555;
carried one mile, 38,367,944; average mile rate, 1-96 cents.
Tons freight moved, 1.090,774; moved one mile, 136,783,315;
average ton-mile rate, 0-67 cent.
Earnings—
Expenses—
Passenger
$557,580 Transportation
$303,942
FreiRlit
851,06fi Motive power
288,4'^3
Mail
43, •SO .Maintenance of cars...
lli*.079
i:xi.rp.ss
230.346
39,431 Mainten'ceway&bldgs.
Miscellaneous.
3,396 General andta.xes
150,420
—
—An
Georgia Pacific.
equipment mortgage dated July 17,
1889, for §3,000.000, has been authorized.
The bonds bear
5 percent interest from Au<j. 1. 1889. are due Aug. 1, 1904,
and are guaranteed principal and interest by endorsement
by the Richmond & Danville.
The bonds are subject to
redemption on any interest day at par, and accrued interest,
from a sinking fund amounting each year with the annual
interest on the outstanding bonds to 9}j per cent of the prinTotal ($1,248-05 p.m.) $1,435,315
Total i$3,273-34 p.m.) $1,152,218 cipal sum of all such bonds previously issued, whether any
Wiis mortgage
Net earnings (33-94 per cent), §343.096. Payments: Interest thereof shall have been redeemed or not.
on bond.s, §439,014; rentals of terminals, &c., §43,948; interest provides for the paying off of the existing certificates (S649,()99),
and securing additional equipment.
and discount, §518— total, §473.481. Balance, deficit, §139,384.
Deficit January 38. 1888, §19,377— total deficit, as per general
Northern Pncilic- The directors of the Northern Pacific
balance sheet, §148,(563.
Railroad Company decided at their meeting on the 31st in st.
to recommend to the preferred stockholders for then- approval
Oliio Sontliern Railroad.
at the annual meeting on October 17 Mr. Villard's proposition
f'For the year ending December 31, 1888.^
to place upon the entire property of the company a consoliTrain mileage— Passenger, 101.348; freight, 432,678; other, dated mortgage for $16(J,000,000, the bonds secured by this
100.395— total, 6:M.331 miles. Passengers carried, 3.34,272; car- mortgage to run 100 years and to draw interest at a rate not
ried one mile. 2.755,897; average mile rate, 3-31 cents.
Tons to exceed 5 per cent.
freight moved, 703,337; moved one mile, 64,099,985; average
The purposes of the issue ar^ described as follows: $130,ton-mde rate, 0-76 cent.
000,000 to retire outstanding obligations, including those on
branch lines, and the §10,000,000 Oregon & Trans-Continental
Earnings—
Expenses^Passenger
$S3,S45 Transportation, ,&c
$109,925 firsts that are secured by branch line obligations; an amount
Froi-Ut"
5:^,818 not to exceed §30,000,000 is to be set aside for the purpose of
4^7,075 Motive power and cars..
Mail and express
10,*>27 Mainten'ce way & Uldgs. 119,571
the
Miscellaneous
26,577 building branch lines as they may become essential to
4,195 General
„
development of the system, and §10,000,000 to §30,000,000 are
Total ($4,015-31 p. mile) $306,344
Total ($2,214-00?. mile) $309,962
to be disposed of at once and the proceeds applied t:^ the imNet earnings (45-36 per cent), §356.383. Payments: Fixed mediate requirements of the company, which include paycharges, $131,140; taxes, .§30,667; other, §639— total, §153.447. ments on the fioating debt, large additions to equipment esSiu-plus, §103,934;
surplus from last fyear, §226,551; total, penditures, especially at Tacoma, for terminal facilities and
§330,486.
very extensive renewals of iiermanent way.
The meeting of the board was attended by eight directors,
Savannali Florida & Western^ Railway.
The direcall of whom voted for the adoption of the plan.
fFor the year ending December 31, 1888.^
tors who
were Messrs. Wright, Brookman, BulUtt,
Train mileage— Pas.senger, 898.304; freight, 852,177; total,
1,750.481 miles.
Passengers carried, 434,951; carried one mile,
25.161,137; average mile rate, 2-947 cents. Tons freight moved,
892.680; moved one mile, 97,384,060; average ton-mile rate,
o
,
l-70c.
,
Earnings—
(
Pa-senger
Freight and express...
Mail.
Miscellaneous
4^
.
$741,514
!
1,659,663
110,356
341,498
'
,
Expenses—
Transportation
Motive power
Maintenance of cars...
Mainten'ee way&bldgs.
General
$652,260
494,412
327.003
5 i8,34S
171,673
I
Total ($5,0t4-llp.
ra.)
$2,853,030
i
Total ($3,837-84 p. m.) $2,183,728
were absent
Colby and Billings. No arrangement has yet been made for
the marketing of tliat portion of the issue which is to be sold.
The official memorandum given out states that " It is not
expected that any more of these bonds will be issued at present
than are necessary to meet the existing necessities of the company, which are from §3,000,000 to §5,000,000— and possibly
also enough in addition to retire the O. T. bonds, so that the
total amount likely to be issued at present will not exceed
§15,000,000.
But one of the conditions of the issue is that th
holders of the preferred stock shall receive from the earnings
of the company whatever sums may on examination be found
:
*
—
—
THE CHRONICLK
.
236
[Vol.
ZLIX.
road went into the hands of receivers, up to May last, amount
to §189,000, and the receivers find it impossible to pay these
claims and openite the road with the earnings. Besides, of
this amount $75,000 is in acceptances and drawing interest at
tlie banks.
Mr. Dyer reixjrts favorably, and suggests that the
receivers shall issue debentures and sell them at not less than
their face value, using the money so obtained to pay off the
claims of $189,000, which have been duly approved and
audited. Sir. Dyer also reports that they should issue debentiu-es to the amount of $350,000, to be sold at par value, the
pro- proceeds of wliich are to be used in buying and laying heavv
against recklees expenditure, and to
*Tas a •aTeguard
Both issues of certificates will
steel rails whenever needed.
stockholders, one of the conditions
tect the riuhto of preferre.1
that no l«;ar interest of not more than six per cent per annum. The
issue Ls » r^^uiremen
Uii.-.
^tal of ^100,000 000 reiwrt will be presented to the court in October for approval.
kwe of bonds for any purpose out of the by a vote of at least
San Antonio & Aransas Pass.—The application at San
dudl be sanction.Hl. unless it is adopted
Antonio for the apiwintment of a receiver for the road upon
niM of the tliirtoen directors."
led the Cheonhas i j .i „ nnnnK a disputed unadiudicated claim of $9,000, was denied on Aug.
The DTOPoeal to retire branch bne bonds
and their terms and 17, the Court holding tliat there was nothing in the condition
ICL« to procure a fuU list of those bonds
on which the O. T. bonds are of the company to warrant such proceeding. In the course
list mcludee those branches
last named in the of the arguments Attorney Aubrey for Martin and Schryver,
aecured. All these Iwnds. except the tlu-ee
bonds, may be contractors, alleged that the railway company was indebted
table and except the N. Pacific & Montana
fund
drawn and ntlwmeil at 105 and interest, under smkmg the to his clients in the sum of $900,000 secured by bonds and
after
$75,000 on open account, and asked that no receiver be
provisions, which in most cases commence ten years
appointed, as they were satisfied with the present managedate of issue of the respective bonds.
surplus
hereafter. ThU means that the
heretofore been «s«;d for the
iimins* of the roaa, which haveimprovements, wiU hereafter
nSnaib of maWuiK iwnnanent
in the form of preferred
to Urpr^-ferAxl «t<Hkhoiaers
puttmg the money
^JUrads In other w,.r.U, instead of.stockholders mto form
wUch™^n*r"v U-looK-s to the ..referred
Mn£^tbnprovement8. tiie comivauy will be enabled by
the
S&tew to tore the bonds representthesepermanent miprovestockholders their
aMaTwd at the same time to pay
ra?
5
KauXi^Snof
Ak
Amount
From
ment.
Xilf OuUCnd'g
To
Itir'y
Ltnle FalU & Dakot«..'Little Fallg.
Ho. FaelHo F 4. B H.. Wwlenn.
Fargo 4 Soutbweiteni Fiiriro.
1.757,000 1922
2,342.000 1922
1,748,000 192a
90? 2,050,000 1922
13 i
730,000 1923
36
52 1,034,000 1923
87
117
Morrli.
Mtlnor.
87
La Moure.
MIne'w'k'n
SykestoD.
Cooperafn.
Bnulmrn.
Baobom C. 4 T. M
Cinnabar.
Boeky Utn. of Mont...|L.lvintp«t»a.
20
Helena A JeOJersou Co. I'rli'kly I'r. Ju. Wickes.
Ct
JamM River Valley... |Jame»town. Oakes.
104
Genesee.
Bpukaor A Piiloiise...'Mnn«hiUlJr.
Dulutb Jc Maiiliulm. |WluDli>ei; Jc. Or. Forks.* 110
•'
• Dak. Dlv. Graml Forks. Int'l.B'dry. 97
Jamestown * North... U
Heloia
V P
». F.
& Bed Mta.
. .
.
f
* M.vntana
& Montana
'
...^
I
(^nrrliiKtou.
Kimml.
lUi'K'na.
Clou. U Jo.
Marysvllle.
Calvin.
J<*ff'r»on Jc.
jijg.„ula.
Grantsdale
N. P. I,a Moure AM. R. Lii Moure.
Clieucy.
Cential WasUliiuti'U.
Edgeley.
Davenport,
MuUai.
Cu'urd'.KUiii- K.&N Co Old Mission.
Curd'Ale'e
Biiokaiie Falls ii Idaho Hauser Jc.
South Prairie. Wllk.&Car.
K. P. & CaJicade
N. r. A Puiiet 8<1. Shore PuyalUip Jo. Stuck Jc.
Aud
*
17
121
sol
50
32 J
21
41
39
I
131
1938
(
Rumsey.
Urummoud.
402,0001924
963,000 19H6
1,557.000 193S
1,050,00011936
1,451,000 1937
400,000 1937
i
318.000 1937
830,000' 1938
987,00011938
270,000 193/
20F ,000 1937
140,000|l937
13
10
I
&
McCl«iud, con& Eastern.—Earle
road, recently instituted a suit at Seattle, W.
appointment of a receiver, alleging that the firm
was imable to collect a claim of $87,000 due it for construction
work, and that the company is insolvent. On these statements, W. H. Lidgerwood was. appointed Receiver. Subsequently the company gave bonds in the sum of §90,000, and
asked that the receivership be dissolved. This was done, aud
the case will come up for hearing at the next session of the
court. JR. R. Oazette.
Seattle
$
tractors on
T., for the
Lake Shore
tliis
—
Sn^ar Trust. The application of Receiver Gray, of the
North River Sugar Refinery, for an injunction to restrain the
Sugar Trust from paying a'dividend on its capital stock, was
denied by JudM Ingraham. The Court gave leave to renew
the motion if the receiver ascertained any facts to indicate an
intent by any one of the defendants to transfer any of the
property held by them under the trust agreement, and leave
to renew upon the decision of the General Term on the appeal
from Judge Barrett's decision against the North River Refining Company.
lirani'hea.
Pacific 6i Montana and the Cieur d'Alene Railway &
Navl(<atlouCo. iHinilHaro lasued at .$25,000 a mile; the James River Valley, tuc Duluth A: Manitoba, and the Northern Paciflc La Moure
Palouso at i}il6,000 a
lllfeourl Rivir at ifl^.OOii a mile; the Spokane
mile; the Utleua<b Red Moimtainia roundsum; all the rest at.i>2'J ,000
Union Pacific.— Oregon Trans-Continental.— The agree& ment relative to the assets of the Oregon & Trans-Contiuental Company made last June by President Villard and
&
representatives of the Union Pacific Railway Company proa mil<'.
vided for the sale to the Union Pacific and allied interests of
The Northern Paciflc La Moure & Missouri River, the Spokane Falls
A Idaho, the Northern Pacilic & Cascade, and the Northern PaclBo & the 120,000 shares of Oregon Railway & Navigation stock
per cents
owned by the Oregon & Trans-Continental Company. It was
Pugct Bound Bhore are 5 per cent bonds all the others are 6
however, whether payment should be made
York State Kailroadsi. The reports below for the quar- not determined,
New
The Union
iu cash or in Oregon & Trans-Contmental stock.
filed with the RR. Commissioners.
The XonhiTn
;
—
ter
ending Jime 30 have been
r-Lake Sh.
1889
^,600.878
OroBseamlngI
rf
Mieh. So.—.
1888
^rr. T. Ont.
1889.
2,983,398
$1,388,401
2,581,385
$457,141
364.346
Net earnings... $1,6.3,480
Other income
101,120
$1,807,016
54,973
$92,795
Total income... $1,724,600
OjMrraUngaxpensea
52
$1,861,989
$92,847
$825,373
120,000
102,372
$827,716
120.000
129.355
$18,000
23,500
5,284
Total
$1,047,745
Balance, surplus.. $676,855
$1,07 7,071
$76,78 i
$16,063
VtdutI—
lourett
Taxea
Beniala.
&c
-X. T.X.
OroM
$784,918
H.aBarl-
1889
$2,556,073
.
1888.
$2,4«7,373
1,665,586
Rmie W.
$801,787
35,861
$299,989
$327,096
$661,152
'$837,648
$307,248
$20,000
Total income...
De4tuei—
Intereav
Taxen
Bentals.Ao
$20,000
115,000
265,076
$153,284
33,000
74,903
$378,483
$272,669
$400,076
»437,572
$261 ,2 17
$46,001
125,0v,0
Total
UalaDor, surplus
,— Wui.
iV.
1889.
I
renu.
—
1888.
7.259
1889.
Uioas earnings
Operating rxiieuaes
$800,660
663,885
$742,056
521,946
$66,526
63,167
Net earnings...
$146,765
2,050
$220,110
$3,360
$148,816
$220,110
$3,3:
$127,062
$105,019
22,500
30,906
$:2,ooo
Other inovme
Total Income..
Diilurl—
Int>r. ft
Tail-
2..,000
Ac
21,765
Total
$173,827
$158,425
df. $25,012 sar,$61,685
Bal.nce
nil'--
Off.—
1888.
$808,218
481,122
$651,152
Metearulnga....
I
it
1889.
$814,143
614,154
1,'J05,821
Other Income
St
Ke't.-
1888.
233,183
earning*
Operating expenaee
R«ntali>,
Paciflc people have received one-half the stock, 60,000 shares,
and paid for the same in cash. The Sun says '• The price at
$127,062 which the transfer was made is understood to be 90. Techni319,787 cally, the deal was made with the Oregon Short Line Railroad
Pacific Company, and
$77,275 Company, which is owned by the Union
It
is the lessee of the Oregon Railway & Navigation property.
is the intention of the Union Pacific management to secure
$77,275 tlie remainder of the Oregon & Trans-Continental holdings of
$47,783 the stock referred to, and in other ways to obtain a clear ma22,500 jority of the stock, so that the lessees of the Oregon Railway
4,537 & Navigation property may also be the owner of it.
The stock received has been deposited with a Trust Com$74,820
Hig$2,455 pany as security for Messrs. Kuhn, Loeb & Co. and Lee,
1*
\rt,-.i
.t
I
Texan.— Mr.
C>
1,600
7,819
ginson & Co., the bankers that furnished the $5,400,000 required to make the payment, until a collateral trust bond can
be prepared and issued. This issue of bonds has lieen negotiated among the friends of the Union Pacific Railway Company, and it is reported that it will be for about $8,000,000.
Wabash.
—The two new mortgages on Wabash Railway prop-
erty have been filed. One is a first mortgage for .$34,000,000
to the Central Trust Company of New York, and the other a
$154,390 second mortgage of $30,000,000 to the Mercantile Trust Com33,000
all the
70,434 pany, also of New York. The first mortgage covers
real and personal property of the consolidated lines east and
$257,824 west of the Mississippi River. It is to secure the issue of
$77,091 $34,000,000 fifty-year 5 per cent gold bonds, dated November
1,1887, and $i 1,741 ,000 of the issue will be used to paj; the
Jwl. Rie.—
1888.
bonded indebtedness on the lines west of the Missis.sippi River,
$b7,144
wliile the balance, $23,359,000, will be used to take up first
46.181
mortgage bonds on the lines east of the Mississippi. The
$20,903 second mortgage is a lien on all the lines east and west of the
river to secure $30,000,000 debenture bonds to run from Febyears, drawing interest at
$20,9j3 ruary 1, 1888, and fall due in fifty
the rate of 5 per cent in gold. ^ The issue is to be used in tak$20,000 ing up outstanding bonds.
$334,910
$23,600
df $20,241
D. P. Dyer,
:
.Si)ecial
1,600
$21,600
dr *G3T
Master
his
rerxirt in the iJnited .States C'irM the f)eiition of Receivers Fordvce and
iicntures (certificates) to pay audited
npaid from November, l»8S,"when the
ZancsTille & Ohio.— Parties holding a niajoritv of the
stocks and bonds have reorganized the Board. Tiie following
E. SI. Stanberry, McConnellsville Jas.
Ls the new directory
Buckingham, A. W. Train, E. C. Winstanley. John Hoge and
W. Graham, of Zanesville August Belmont, Jr.. H. B. HolAndrew
lins, R. N. Young and C. M. Wicker, of New York
Needles and E. E. Denniston, Philadelphia. Mr. C. M. Wicker
was elected Presidept.
;
:
;
:
tW
For balance of
Invcstiiicut itenix see pace -iiT-
'
1
A0OCST
THE CHRONICLE.
24. 1889.]
mid
IRcpovts
Jlocttmcttts.
KINGS COUNTY ELEV ATED RAILWAY.
MORTGAGE OF THE KINGS COUNTY ELEVATED
R'WAY CO. SECURING GOLD BONDS DUE JAN. 1, 1925.
FIRST
Date.—Ot original deed, July 1, 1885; of supplemental deed,
reducinR rate of interest to 5 per cent, June 1, 1887.
Partien.—Kiaga County Elevated Railway Co. of the first
part, and the Mercantile Trust Co., Trustee, of the second part.
Property Covered.— AW tlie right, title and interest of tlie
company to its charter, corporate powers and franchLses. together with all railways constructed by virtue thereof; and all
lands, appurtenances, rolling slock, macluuery, machine shops,
tools, supplies and privileges now or hereafter acquired in conincome from ti.e property.
January 0, 1879, the company has
the right to construct and operate in tlie city of Brooklyn several lines of railway aggregating in linear length about 43 miles,
and having, with the requisite sidings, e:c., a total length of
about 50 miles. This mortgage provides for an issue of bonds,
designated as series A, amounting to $7,700,000, to be issued
at the rate of $5.50,000 per mile on 14 miles of road, to extend
as follows: From Fulton ferry along FuUon and other streets
to the City Line at the Town of New Lots; from ferry at foot
of Broadway, along said street to same point; also along
Myrtle Avenue from Fulton or Adams streets to Broadway.
The mortgage further provides that whenever the company
nection therewith, and
Under
its
all
charter, filed
237
New York, at a sjiecial term
held in New York City, for the appointment of
such iierson or persons as may be nominated by the company
and by the holders of one-third in amoimt of the l>ond», and
as shall te ap|)roved by the said court to fill the ofldce.
Written notice of the intended application, served at least
eight days thereto upon the Trustees for the time being, shalV
be sufficient notice to all parties in interest.
preme Court of the State of
thereof to
Ije
RIO
GRANDE WESTERN RAILWAY.
MORTGAGE OF THE RIO GRANDE
WESTERN RAILWAY CO., SECURING $10,000,000 4
PER CENT BONDS DUE JULY 1, 1989.
FIRSr TRUST
Date.—3\\\yf
1, 1889.
Parties. The Rio Grande Western Railway Co. of the first
part, and the Cent. Trust Co. of N. Y. .Trustee, of the second part.
Property Covered. All rights and franchises and all properties of the company, wherever situated, including the fol-
—
—
naiTOw gauge railway and teleextending from Ogden. Utah, to Salt
lowing
lines of constructed
graph:
The main
line,
Lake City, and thence southerly and southeasterly, via Pleas-ant Valley Junction to Green River Station, Emery County,
and thence easterly through Emery Coimty to a point on the
Colorado State line, a distance of over 810 miles; the branch
from Pleasant Valley Junction southwesterly, via Pleasant
Valley to coal mines in San Pete County, 19 miles; also, two
branches commencing at Bingham Junction, one running
is about to construct railway lines other than these that the
bonds shall have the option easterly to Alta in the Little Cottonwood Mining District in
holders of a majorit3 of series
Salt Lake County, a distance, including tramway, of about 18
of determining whether tliis mortgage shall secure said series
miles, and one running westerly to a point near Jordan Mine
bonds alone, its lien be restricted in this case to the railways
in the Bingham Mining District, a distance, including tram(with theii- appurtenances, etc.) included in said 14 miles above
way, of about 30 miles; also, two branches in Salt Lake
described, or whether other series of bonds of the same tenor
an equal first lien on the County, one to hme quarries and the other to salt works,
and form, and having with sei'ies
about 2 miles; and a branch in Davis Co. to Salt Lake,
whole of the company's railways, shall be issued under said together
about 2 miles; and also all other existing spurs or branches.
deed, at the rate of §550,000 per mile, to provide means for
All lines of railway and telegraph and the franchises persaid additional mileage, and the company shall call upon the
bondholders to exercise theu- option, notifying in writing taining thereto constructed or to be constrticted or acquired,
which bonds secured hereby shall be issued.
are
addresses
registered on for
those wiiose names and
And all properties, real, personal and mixed, credits, choses in
others by public adthe
the company's books, and
action and all stocks, bonds or other securities of other com pavertisement in newspapers in New York, Brooklyn, Paris
and London. Unless within a specified time the holders of a nics acquired as a means of securing connections,trackage,joint
construction or any railway or transportation facilities acquired
majority of the bonds signify their consent to the further
by means of said bonds or the proceeds thereof. Together
issue, they shall be deemed to have exercised their option
with the franchises to construct and maintain said lines of
against such issue to besecureil by this mortgage, and in favor
railway and telegraph, and all franchises pertaining to said
of restricting the liem of this deed, as stated above. And
properties or any of them. Also, all lands held for the purthenceforth the conijiany may proceed to construct such otlier
properties, and aU shops, buildings, structures ,
railways uixin such terms and conditions as it may be able to poses of said
rolling stock, supplies, tx)oks, papers, deeds, etc., used for or
secure therefor. But if other series of bonds be authorized
hereunder, as above provided, holders of series A bonds shall IJertaining to said property, whether now owned or hereafter
Together with all renewals and profits thereof.
have tlie option of purchasing them in proportion to their acquired.
" It being the intent of this conveyance that it shall be a lien
holdings at the company's price, but at not less than par.
on" all the properties and franchises now owned by the party
THE BOND.
of the first part, and also on all properties, rights and franFirst Mortgage Gold Bond.
chises hereafter acquired by means of the bonds hereby seBale-July 1, 1885.
cured, with every appurtenance and thing thereto belonging
Deiwmina ton. — Bl.OOOeaeb.
Amniint Aulhoriz-d.— la serieH A $7,700,000, to be Issued at the rata or coimected therewith."
of $550,000 per mile of double track railway, sidlDgs, turnouts and
THE BOND.
cross overs to l>e counted as sin ,'le traclt railways and equivalt^nt to
douitlf-traclc railways of one-half tlit'ir actual leugtli. Series of l>ond8
First Mortgage Gold Bond.
additional to ser es A, Imt of same t*--nor and equal lien, may be issued
Do/«.-July 1, 1889.
at thi' at" of $550.(i(;0 p<'r mile, provided a niajo ity of the holders of
Denom iii'CioH.— Coupon bonds, $1 ,000 each; registered bonds, $1,000
A
A
A
,
,
1
A
bonds so t-leci, [See Properly (Covered.! ]
I'l'irtcipat rair'ffte.—Jciiiu-dry 1, 1925, in United
series
States gold coin of
aud.aid of fineness, at the company's ottice in N. Y. tity.
JnUt'fst Pauabt'',~\t the rate of 5 per cent per anrinni (6 per cent
the present
9'
oritrinally. itut reduced by supplemental mortgage), on .Tanuary 1 and
July 1 in like gold coin at said olher.
liefiistration. — lioiiAs are nil coupon bords, with privilege of registration as to princiiial, !• uicellatlon of reglstraiiou by the company restor-
ing
Its
negotiability, but interest
coupons cannot ba registered.
$5,000 iind if 10.000.
Ainoiint Avtnnri:eil.—%\6,00'^,000.nt which $6,900,000 to bn nsed by
exchange, sale or otherwise torotire the tirs"; mortgage bonis of the Denver & Kio Ctrande Western Railway C!o. (which are outstanding to an
equal amount) and the interest coup na and the funded c"ui on certificates pertaining to said bonds; if7, 700,000 or less for widening the
gaugeof the company's lines, making l)ettTments, providing adequate
equipment, making improvements, building extensions and me tin/r
expenses of reogani/ailou $1,400,003 to be reserved for construction
of new lines, at .a rate that will not impose an atmu.tl charge exceeding
$1,000 per mile, or the proportion thereof which the interest of the
company represents in ca^o its interest is less than the whole.
Frincip'il Fwjablc— July 1, 1930, in Un'.tcd Sttitos gold coin of or
equal to the pr.jsent standard in New York City.
luleresi l\a/able.—At the rate of 4 per cent per annum on Jan. 1 a' :d
July 1 In like gold coin lu said city.thc first coupon maturing Jan. 1.1890.
ReyistralioH.—Binula are both coupon and registered. Coupon bonds
may be registered as to principal, the cou;ona remaining payable to
bearer (wiiich registration may be discharged by transfer to bearer), or
upon surrcnd'-r of all uup 'id coupons they may Ite registert-d as to both
principal and interest. Uegistered bunds may be exchanged for negotiable coupon bonds.
;
Default.— In case of default for six months in the payment
of interest, the Trustee, upon the request in writing of
holders of one-half the bonds, shall have the right to demand
the surrender of the property, and an immediate right to take
possession of the same shall by virtue of such demand accrue
to the Trustee.
And as a cumidative remedy the Trustee, in the event of
default a.s aforesaid, and of sncli request as aforesaid, but not
otherwise, may begin an action in court for a foreclosure and
sale of the premises, and apply likewise for the appointment
of a receiver. And if it should become necessary to iiroced to
a decree of foreclosure, power is granted to the Trustee to
declare the principal of all the bonds, as well as the accrued
interest thereon, due and payable.
The right of action hereunder is vested exclusively in the
Trustee, and under no circumstances shall any bondholders
have the right to institute an action under this indenture to
enforce any lemedy; but holders of one-half the bonds in
default may request the Trustee to do or to refrain from doing
any particular act, and in case of such request the Trustee
shall conform its action thereto in the enforcement of this
deed so far a,s the same may lawfully Ije done; it being expressly provided that the majority of the holders of the bonds
shall have the absolute right to control the time, manner and
motle of enforcing the provisions of this indenture.
Trustees.
The Trustee is not answerable for the conduct of
its agents, if selected with due care, and only for negligence or
unlf ul default in respect to its duties.
The Trustee may be removed at any time by instruments in writing executed by
holders of a majority of the bonds. Upon any vacancy occui-ring in the office of Trustee, the company may apply to the Su'
—
—
Covenants. The company covenants
1. To issue bonds only as herein provided, or in accordance
with an agreement dated April 1, 1889, and such modifications
of said agreement as may be made under its provisions.
3. To pay the principal and intere,st of the tionds as they become due. and also all reasonable expenses of executing the
trusts hereby created, incluiling a reasonable compensation to
:
the Trustee.
To pay all taxes and assessments lawfully levied, and not
any part of the properties to be sold contrary to the
provisions hereof, nor to allow any valid lien to be created
which might overreach the lien of these presents.
4. To keep every part of the propei-ty in good repair, and
continuously to operate it, permitting no waste of any part
3.
to suffer
thereof.
New
York City,
5. To keep a tran-sfer and registry office in
anil to keei) in said office, open to the inspection of the Trustee
and bondholders, monthly reports of the earnings and exi>en8ea
of the compiuiy.
6. To execute to the Trustee from time to time as may be
required by the "Trustee, or a committee of bondholders to be
:
THE CHRONICLE.
238
deeds as will more
franchises hereby
SSl; enu
Krantcnl nroperties.
led in connection with t^.e
payment
montl>s in
tW
Sf/a.r«-ln cas<"of default for three
may, except as
ofpnnc.,«l.riui
of onncinal or iutori-st the Trusteo
net
l^ereinafter
^^^ nroi)erty applTinS t^e
in default
).e',u.vincnt ratably of afi interest
the satisfaction of
- maturity, and afterwards to
m
^^
provi'i
ii
the
^S)XT«;.t'm'^y'«^n
the written request of holders c^
in .unouut of the
the i.iin.i.ml of all the
one^.mrth
writin-
e/pnrioiu..neuonth from
outstanding bonds dectoem
tends due and T»yaWe at the
the service of the declaration
[Vol.
XUX.
the property hereinbefore conveyed as shall consist of shares
of capital stock or bonds, or other evidences of interest in other
companies, and which shall not be further useful to secure
railway connections or trackage or transr>ortation facilities;
and it may tilso agree with the jiarties to any lease or contract
included herein, whereunder the company may have acquired
interest in the property of any other comnanv. to modify the
conditions thereof, or, with the consent of the Trustee, to annul
the same, or to consent to the sale or exchange of the whole or
any part of the real or personal property demised. Provided
the proceeds of anv such sale be invested in improvmg some
remaining part of "the trust property, or in the purchase of
other property to be conveyed to the Trustee, or in the purchase of bonds of this issue for cancellation. The Trustee must
give the consent herein provided for upon the \yritten request
of holders of a majority in amount of the outstanding bonds.
The Trustee shall lia"ve power, in its discretion, and uix)u
the written request of the company when not in default
premises hold for the pur1. To release anv portion of the
poses of stations, or other buildings or other uses connected
with its railways, or for the supply of gravel, fuel and other
materials there'for, and no longer requisite for the same, and
likewise any part of the original roadway or depot grounds,
buildings or accommodations connected therewith thrown out
of use, provided the substitutes therefor be conveyed by appropriate deeds to the Trustee hereunder.
franchises
to
2. To release, in its discretion, any unused
construct lines of railway or telegraph which, in the judg-
payment of princiIn case of .lelault for thirty days in the
proceed
when due. or when declared due, the iVustee may notice
B.1
having tirst given
toaell the premises at public auction,
by advertisement in one or
of the time, terms and place of sale
City.
more newspaiH-rs in Kew York, Denver and bait Lake are ingranted
Tlie rights of enlr^- and sale hereinbefore
proceeding as
tended as cumulative remedies, and instead of
Trustee, cannot be advantageously used without
proceed to obtain ment of the
aforesaid the Trustee may, in his discretion,
such release, and is or are of no value as security; provided
sale of the properthe exercise of its discretion, consider
a judicial foreclosure of the mortgage and a
payment of prm- the Trustee shall, in
utilized
ty upon the ix?currence of any default in the
tliat the franchise or franchises so released may Ixj so
months, or in the payment
cipal or interest continued for three
as to add to the value of or to save from injury or risk the rein the performance of any other
of taxes and assessment, and
maining mortgaged property, or to enhance the security for
coveuants of this mortgage continued for six months after de- said bonds." And it shall be the duty of the Trustee to grant
the Trustee.
mand of i)erformancc by
upon the written request of the holders of a maTrustee, such releases
In case of default in the payment of interest, the
amount jority in amount of the bonds.
act, the holders of a majority
or in case it does not
Any application by the company for release under the proelect a maof the bonds shall have the right to nominate and
visions above shall be accompanied by a certificate in writing,
the directors of the company.
jority of all
or affirmation of the President or Vicethe verified by the oath
If Uie company, after any such default, shall deliver to
President and Chief Engineer of the company, stating the
Trustee a prolTefin writing to place in its Board of Directors facts upon which the application is based.
upon nomination bv the Trustee, or, if the Trustee does not
Trustee.—The Trustee may be removed upon ten days
whole
act, by a majority of the bondliolders, a majority of the
notice by the company and the holders of two-thirds in amount
numtjer of Directors of the Board, then the election of such of the bonds, the assent of such two-thirds being evidenced
nominees to be directors shall have the eflfect of suspending by signatures attached to any number of instruments. And
power
all proceedings on any such default, whether under the
the company and the holders of a majority in amount of the
herein grantetl, or bv judicial proceedings or otherwise, until bonds may agree on and appoint a new trustee to fill any
the stockholders shall have had an opportunity of lodging in a vacancy by an instrument in writing, but if such appointment
voting trust not less than a majority of all the shares of the is not so made within thirty days, if the Trustee shall have
capital stock of the company at the time outstanding, so as to
been removed or become incapacitated, or within forty days
insure control of the railroad duruig default to the bondholdof fiUng its resignation, if it shall have resigned
the Trustee or from the time
ers, and so long as the persons so nominated by
that a resignation shall be filed thirty days
majority of the Board of (it being required
the bondholders shall constitute a
before it shall take effect), then the company may appoint a
shall be stayed, and the
Directors. all foreclosure proceedings
successor. The company reserves the right to appoint an
property, if taken possession of by the Trustee, shall be readditional trustee.
stored to the company.
Bondholders' Meeting.— The Trustee may, and when reIn case the control of the property shall be placed in the
by holders of one-tenth in ainount of the bonds, shall,
Board of Directors, of whom a majority have been quested
hands of a
meeting of bondholders, and appoint the time and plac^
nominated as aforesaid, then, upon the discharge of all ex- call a
Bondholders may cast one vote for each
for the meeting.
isting defaults, the stockholders may withdraw their deposited
§1,000 of the principal of said bonds held by them. The action
certificates, and the power of the voting trustee shall cease,
committee appointed at a meeting at which the holders
and the gtiK-kholders of the company may elect directors of of a
of a majority of the outstanding bonds shall be present in
their own nomination. And if all defaults are removed more
or proxy, or by a inajority without a meeting, in its
than sixty days prior to any annual meeting of the company person
transactions with the company shall be considered as. the
for the election of directors, the Directors of the Board nomithe whole body of bondholders. In case of a vacancy
nated by the Trustee or bondholders, as aforesaid, shall on re- action of
trusteeship, or if the Trustee omits to call such meetquest resign, so as to permit appointment in their places of in the
Pri'sident of the company or its Executive Commitpersons representing the stockholders, and the Board chosen ings, the
meetings.
by the stockliolders shall thereafter manage the affairs of the tee may call the
company until some further default.
In case of a sale of the proiierty it shall be sold in one
R'Y.
jiarcel. and the net proceeds shall be applied to the payment
of the accrued and unpaid interest in full up to the date of
OF THE
FIRST
CONSOLIDATED
sale, and afterwaids to the payment of the principal of all the
CO., SEONTARIO
honiia pro rata, without preference of one over another.
JUNE 1, 1939.
BONDS
In case of a .sale before their maturity, the principal of all
CmilNG $10,000,000
the bonds shall l)e deemed due and payable, altliough not
declared due by the Trustee under the provisions hereof.
Daie.—April 11, 1889.
If while prfjceedings for sale are pending the existing deParties.— The New Y^ork Ontario & Western Railway Co.,
faults are satisfied, a sale shall not be made, and the property of the first part, and the Mercantile Trust Co., Trustee, of the
shall be restored to the company, and the declaration by tlie second part.
Trustee that theprincipalof the bonds is due, shall be annulled.
Property Covered.—The main line of railroad extending
If, while tlie Trustee is taking measures to have the property
from Oswego, Oswego Co., N. Y., to a junction with the West
sold, the holders of a majority in amount of the bonds shall Shore RR. at Cornwall, on the Hudson River, in Orange Co.
request a suspension of sale for not more than one year, such (273 miles), with branches from the same to New Berlin, in
suspension shall be made, and the request may be by the holders Chenango Co. (22 miles), to Delhi, in Delaware Co. (17 miles),
of said bonds personally or through a committee "of said hold- and to Ellenville, in Ulster Co. (8 miles), as said railroad
ers ap[Kjinl(Hl at a meeting of the holders of a majority thereof. and branches are now or may hereafter be located and conIn case of default continuing as aforesaid, the Trustee may, structed.
respect
in its discretion, exercise the powers hereinbefore granted.
Also all the property and rights of the company
and it sliall be its duty so to do upon requisition in writing^ to so much of the West Shore RR. as extends from said
Hudson
designating the remedies to be enforced, signed by the holders junction at Cornwall to Weehawken, N. J., upon the
of a majority in amount of the outstanding bonds, or adopted River, opiX)site the City of New York, formerly the "North
by said majority at a meeting hold as hereinafter provided.
River RR." (53 miles), under certain leases and agreements
On any sale of the premises the Trustee may purchase, upon dated May 12, 1881, April 1, 1884. January 1, 1886, and January
bein^ authorized hy the holders of a majority of said bonds. 18, 1888, subject,' however, to the right of the company from
and
this ctuse the conveyance may be to such persons in
time to time to modify the same.
trust for the landholders as the holders of said majority mav
Also, all the property and rights of the company in and in
ork
designate.
respect to the terminal property at Weehawken, in New \
equipment
Rvlciuie of Property.—The company when not in default
City and in Brooklyn, and to the floating and other
may. with the consent of the Trustee, dispose of as much o£ of the West Shore
Ontario Terminal Company, or tliat
m
NEW YORK ONT ARIO & WESTERN
YORK
NEW
MORTGAGE
& WESTERN RAILWAY
DUE
GOLD
m
.
m
_
&
.
AuGCST
THE CHRONICLR
24, 1889. J
owned, used or acquired for the West Shore Railroad under
said agreements dated January 1, IBHO, and January 18, Ihhh,
respectively but subject to the riRht of the company to modbut no modification of the said leases and
ify said agreements
agreements shall be made if the same would operate to tlie
detriment of the security of the bondholders hereunder, and
every such modification, and all lienefic derived therefrom
:
;
shall"
be subject to the lien of these presents.
Also a lease from the Delaware & Hudson Canal Company,
of the Utica Clinton & Binghamton Railroad, extending from
Randallsville on the main line to Utica (32 miles), and of the
Rome & Clinton Railroad, extending from Clinton on the lastnamed road to Rome (13 miles), dated May 26. 1886, and a
lease of the Wharton Valley Railroad, extending from NewBerlin, Chenango County, to Edmeston, Otsego County (7
Subject to the right of the commiles), dated August 4, 1888.
pany to modify said leases, but no modification shall be made
which would be detrimental to the secui-ity of the bondholders hereunder, and every mo<lification and all benefits therefrom shall be subject to the lien of these presents.
Also all lands acquired or to be acquired for the purposes of
said railroad, branches and leased lines and terminal and other
property, and all railways, rights of way, bridges, docks and
other structures, depots, shops and other fixtures of every
kind and nature whatsoever, leases, rights of trackage, covenants and agreements, terminal rights and i)rivileges, and ferry
rights, privileges and franchises, now held or hereafter acquired for the use of said railroads; subject, however, to the rights
of the company to modify said leases and agreements. And
all rolling stock and equipment, and all other property real,
pereonal and mixed, now held or hereafter acquired, for the
constraction, operation and maintenance of said railroads.
Also all corporate and other franchises now held or hereafter
acquired in connection therewith; and all additions which
may
be
made
to
any
books of account,
of said railroads
and
properties,
and
all
etc.
All the first mortgage bonds retired with bonds of this issue
to be deposited with the Trustee, wlrich shall stamp them as
subject to this mortgage, and hold them as se.^.urity for it until
the whole first mortgage issue has been retired or paid oiT,
whereupon they shall te canceled. Until default occurs,
coupons of the bonds so deposited shall be canceled and delivered to the company.
As further security the company will deposit with the Trus-
mortgage .5 per cent bonds due June 1, 1939,
of a corporation to be formed by the consolidation of certain
existing cor]>orations, to be called the Ontario Carbondale &
Scranton Railway Company, amounting to $1,500,000 [and
covering road from Hancock, N. Y., to Scranton, Pa., .lO
miles].
It will also deposit stock of said company to the
amount of .$1,49.5,000, out of a total of $1..500,000, Until default hereunder the right to vote upon said stock is vested in
three Tnistees (who shall not, however, consent to the creation of any obligation upon the property, or any increase of its
capital stock), but after default this right vests in the Trustee
of this mortgage.
tee all the first
THE BOND.
Consolidated First Mortgage 5 Per Cent GolJ Bond.
Pale. -June
DfHomiiKi^ion ^,500 bonds tor $1,000 (or £200) each, 1,000 tonils
for $51.0 (or £100) each.
Aiiiount .iHWioW.'frf.— $10,000,000, of which $4,400,000 to be ii.sed in
retirins $l.000,000 6 per cent Hrst morig ige bonds of the coiupauy, redteiiiable at 110, .•f3,r>u0,000 to be delivered to the company fortliwith,
and $2,1011,000 lo be i-suod from time to time, after the stoclj and
blinds of the Ontaiio Carlioudali! & S-irautiu Railway liHve been de
posittd wl.h ilio Trustee, for such additions, iniinoveme ts and eimn)meut as the Directors of company shall ccitiiy to the Trustee will bo
advantageous to the coiuvany.
Vrinclpal ruyable.— June 1 1939. in gold coin of the United States of
the present st.ndard of weight and fineness, at the company's ortice in
New Yorlj City, or, at the option of the holUr in sterling in Londnn.
Iii/eresl F(n/ahlr.—l'\\e pi r cent per annum fr ni June], 18S9. on
June I and Decemlier 1 iu like U. H. gold coin, in New York City, or at
rate of one pouisd sterling for each five doll,ir8 in London.
Kerleiniili'in before ilalnrili/.—'Vlvn bond is redeemable at the option
of the company on anv interest day on or alter June 1, 1899, upon
six months* notiic, at 105 and accrued iiiterc>l.
JiC(/i»lralion. —Ciiapon bond, with privilege of surcefsive registrations
as to piiuc pa tut such registry does not apply to coupons which reiu.nin negotiable by delivery.
r«j-«(ioH.— f'rlncipalaud Interest are payalile without deduction for
any taxes now or hereafter levied by tlie Uuiti d 8:ati s. or by any
State, county or muuiclpal authority which the c mjinii y may be required to deduct therefrom, the company .agreeing to pay the same.
i ,
ij?!>.
,
,
;
—
Covenants. The company shall from time to time pay,
before the same shall faU into arrears, all taxes, assessments
ajid governmental charges lawfully laid upon the property, the
lien of which might be held to be .superior to the lien hereof,
so that the priority of this mortgage may be duly preserved. » « « * *
Default.— In case of default in the payment of interest, or
_
the performance of any covenant hereof, continued for six
months, tJien the entire principal sum hereby secured shall at
the option of the Trustee become immediately due and payable and if requested so to do by holders of a majority in
interest of the bonds by an instruiiient in writing, it shall be
the duty of the Tmstee to elect to declare the principal sum
due, as] aforesaid, or to refrain from such declaration, lipou
such terms as such holders deem proper, and such holders may
in like manner annul or reverse the declaration of the Trustee.
In caie of default in the payment of principal or interest, or
of any covenant herein, continued for six months, the Trustee
may, and upon request of holders of a majority in mterest of
the bonds by an instrument in writing shall, forthwitli take
posses.sion of the property and operate it, applying the net income to the payment, provided the principal is not due, of
m
;
239
coupons remaining
in default, pro rata, but in the order of
their maturity; but if the principal be due to the payment of
principal and iutereat pro rata without any preference or priority whatever.
In case of default as aforesaid, the Trustee mav, and upon
recpiest of holders of a majority in interest of the twnds by an
instrument in writing shall, sell all the property at public
auction, and upon the making of any such sale the principal
of all the bonds shall forthwitli become due and payable. The
net pr<x;eeds from such sale shall be applied to the payment of
principal and interest ratably in proportion to the amounts
owing thereon, and without discrimination between them, and
without any preference or priority whatever.
And upon default as aforesaid it shall be the duty of the
trustee uix)n recjuest of holders of a majority in
of
the bonds in writing to enforce the rights of the bondholders
under these presents, by sale or entry, or both, according to
such requisition, or by judicial proceedings for such purpose
as it, advised by counsel, shall deem most expedient for the interests of the bondholders.
And upon the commencement of judicial proceedings the
Trustte shall be entitled to the appointment of a receiver
for the property.
Collateral Security. The first mortgage securing the bonds
of the Ontario Carbondale
Scranton Railway Company, deposited with the Trustee hereunder, shall contain suitable
covenants providing that in case any indebtedness of the company, additional to said bonds, shall remain unpaid for six
months, or in case Cif default in the payment of principal or
interest of the bonds themselves, the Trustee of said mortgage
sliall, at the request of the Trustee under this indenture,
declare the principal of the same due and payable and that
such Trustee shall thereupon forthwith proceed to enforce the
provisions of said mortgage by foreclosure or otherwise.
Until default in any of the covenants herein contained, the
interest on said bonds shall be paid to the railway company.
And it is agi-eed that the Trustee hereunder shall declare the
principal of said bonds due, and enforce the provision.s of the
mortgage securing the same, as aforesaid, whenever requested
in writing by holders of one-third in interest of the bonds
ammmt
—
&
;
secnred hereby.
The company agrees to lease the Ontario Carbondale &
Scranton Railway for not less than 50 years and to deposit said
lease with the Trustee of this deed as further security.
The company, moreover, agrees that the Ontario Carbondale
& Scranton Railway Co. will not create any mortgage upon
its property except said first mortgage, nor make any increase
of its capital stock and that in case any debt exceeding $100,000 be incurred, it, the company, the party of the first part,
will discharge the same, and if it shall fail to do so within
three months, the Trustee hereunder shall on request of onethird in interest of the bondholders declare the principal of
the bonds secured hereby forthwith due, and shall proceed to
enforce the lien of this mortgage.
The Trustee shall have the sole right to determine for the
purjx)ses of this clause whether any default be made by the
company in any of the covenants of this mortgage, and in
case any such defauU shall occur, the said bonds and stock
shall be treated as part of the mortgaged property, and the
Trustee shall have the same rights and duties in respect
thereto as in respect to the corporate propeii;y hereinbefore
;
described.
consolidation with the Ontario Carbondale
Scranton
Railway Co. may be made, provided the bonds of this issue be
secured by a first mortgage on the property of that company.
Trustees. The Trustee shall not be answerable except for
gross ne;2ligence or willful default. Any vacancy in the office
of Trustee may be filled by the Directors of the company,
notice of the appointment being published in the newspapers;
and this ajjpointment shall stand until a majority iu interest
of the bondholders shall by an instrument in writing appoint
a new trustee. And if the Directors neglect for thirty days
to fill such vacancy, said majority in interest of the bondholders may do so as aforesaid. An appointment by said majority, however, shall supersede any apixiintment made in
A
&
—
any other manner whatsoever.
GEORGIA CAROLINA & NORTHERN
R'Y.
MORTGAGE OF THE GEORGIA CAROLINA &
NORTHERN RAILWAY CO., SECURING .^5 36J,C00
GOLD BONDS DUE JULY 1, 1929.
FIRST
Date.—May
24, 1889.
Parties.
Georgia Carolina
Northern Railway Co., of the
first part, and the Mercantile Trust
Deposit Co. of Baltimore
Trustee, of the second part.
Property Covered. The cntii-e main line of railroad of the
company built and to be built tetween Monroe. N. C, and
Atlanta, Ga., 208 miles, of which, in July, 1889, 44 miles were
constructed and the biilance was under construction, including switches, sidings and side tracks, but not including
branches or branch roads, and ail the works, stations and other
houses, machine and other shops, engines, machinery, implenents, rolling stock, equipment and other property, real and
jersonal, of every kind and nature whatsoever, acquired and
line,
o be acquired by the company, belonging to said
ind the use and operation thereof, and all the rights, franhises privileges, immunities and exemptions with resjiect to
;he same. [By means of the C'aroUna Central RR. and the
—
&
&
—
mam
;
,
IHE CHRONICLR
240
Raleigh
In case of default in the payment of inter.^st continued for
six months, the princip<il of all the bonds shall, at llie option
of the holdors of one-third in amount of the outstanding bonds,
ex|)ressed in writing to the Trustee, become immediately due
and jjavable: but if requested by the holders of a majority of
the bonds, the Trustee shall revoke and ^-call said option.
In the event of default in the payment of principal, or in
niade
Augusta Air Line RK. connwtion is to lie
RR. and the bear.jaa with the Kaleigh & Gaaton
from
Roanoke RR.. so as to make a conUnuous hue
&
by this
bo«rd &
AtUnta. O*., to Portsmouth, Va.]
THE BOND.
MortK«Ke 8 Per Cent Gold Bond.
First
iM(.-lUT,
18MI.
f!SrJlri'ilXi;^*Irf"^U3TO.OC)0.
mUeof U>e«bove<leMril>«l iBliroad.
i-,«H«i,«i/'a,^<.-Julyl.l9iS>.
the performance of any requirement herein, the Trustee may.
it is hereby authorized and directed to sell all the property
after sixty days' notice as an entirety at ])ublic auction, and to
applv the net "proceeds therefrom to the payment of the principal and interest due and unpaid, ratably in proportion to the
amounts owing upon the bonds, and without discrimination
Ijotween princiiml and interest aud without preference of the
holder of one bond or interest couixm over any of the others.
Instead, however, of selling the property as above provided,
the Trustee, in case of default as aforesaid, may, and upon
being requested and indemnified, shall, proceed by suits in
equity or at law, as advised of counst^l, to enforce the payment
of the bonds, and to foreclose this mortgage and sell the property under the decree of a court.
And it is expressly declared that the rights of entry and
sale hereinbefore granted are intended as cumulative remedies, and sliall not deprive the Trustee of any legal or equita-
M^^ e.,uiTalent U> $20,000 per
nf
m United 8'«*?«.?"'' „,,i„If' the
'„
and
"^''
from July i,
Inttntt r,tyat,lf.-AX the rut^ of s i>.-r cent p.TKmim
el"'«"1B89. on J..nii,ir\ 1 ;ii d July 1, In like irold coin In Raid of eonvei-ion
„^,.,:.n
,.i,aroi'oui),.u I...1..U. with Prlvilew
lU«il-'
•« ollico or BKeucy in N.Ti . Cliy or Bait.
:.t ciuui'an J
iDtn re<>
liy the 8eah Imnd Is i{ua_ranl*ed liy lodorspmenl
Inaoi-"
board it lU<uuuko aud ibe RaleUh & Qaston B companies.
^^
Default.— In case of default for six months in the jmyment
of principal or interest, the Trustee may. and upon re<iuest of
holdors of one-third the outdtandiuR bonds, in respect of which
the coupons art> in tlefault, shall proceed by suit at law or in
equity, aa adviswl by counsel, to enforce payment of said
bonds, or to foreclose this mortgage, and to sell the property
hereby conveyed after the judgment of a court of competent
"
juriscfiction.
In case of default for six months in the payment of interest the princii>al of the bonds shall, at the option
of the Trustee, immediately become due and payable.
In case the Trustee shall proceed by suits at law or in equity
it shall be entitled to have the property sold by judicial sale
undt r the order of a court of competent jurisdiction for the
satisfaction of the principal and interest owing upon the bonds,
it shall be entitled to a receivership.
IVtMfee.— The' Trustee may be removed by a vote of a
majority in interest of the bondholders at any meeting called
for the purpose on thirty days' notice, by publication in a daily
paper in N. Y. City and Baltimore. Any vacancy in the office
may Ije tilled by a majority in interest of the bondholders.
SAVANNAH & WEST ERN RAILROAD.
NAH & WESTERN
000,000
COMPANY, SECURING
GOLD BONDS DUE MARCH
1,
$18,-
1929.
Date.— March 1, 1889.
Por/ie«.— The Savannah & Western RR. Co. of the first part,
and the Central Trust Co. of N. Y., Trustee, of the second part.
Property Covered. All the railroads of the company in the
States of Georgia and Alabama in operation, or to be con-
—
;
;
From a connection with the railroad of
the Cential Railroad & Banking Company of Georgia, at or
near Eden, Georgia, extending westerly via Columbus, Ga., to
Birmingham, Ala., with branches, as follows: (I) From
Columbus, Ga.. via Greenville, Ga., to a connection with
other roadis at Newnan, Ga.; (2) from Opelika, Ala., northerly
*D Roanoke, Ala. ; (3) from a point at or near Americus, Ga.
via Eufaula, southwesterly via Clayton and Ozark, Ala., to a
connection with the Louisville & Nashville system also all
other railroads which may hereafter become the property of
the company, by construction, purchase, lease, consolidation
or otherwi.se. [Of the above there was completed and in operation on March 1, 1889, that portion of the road between
Columbus, Ga., and Birmingliam, Ala.; between Columbus
and Greenville, in Georgia between Eufaula and Ozark, in
Alabama between Opelika and Roanoke, in Alabama, and
about 30 miles of the road between Eden and Columbus, in
Georgia, making an aggregate mileage built and equipped on
March 1. 1889, of 335 miles.] Including with the same all
structed, as follows
;
—
MORTGAGE OF THE SAVAN-
RR.
remedy but no bondholders shall take any proceeding to
enforce the provisions hereof until they shall liaveiequested
the Trustee in writing to take proper proceedings to foreclose
this mortgage and it shall have refused to take action.
In case the Trustee shall proceed by suits in equity or at
law, it shall be entitled to have the property sold as an entirety
by judicial sale, under the decree of a court, and shall be
entitled pending such suit to a receivership of the property
and the net proceeds from said sale shall be distributable as
hereinbefore provided in respect to the net proceeds of a sale
by virtue of the power herein contained.
The company agrees not to seek to take advantage of any
present or futm-e valuation, stay, appraisment, extension or
redemption law in order to prevent or delay the absolute sale
of the proj^erty.
Covenants. The company agrees to discharge all taxes aiid
Governmental charges lawfully imposed, the lien of which
could be held to be prior to the lien of this mortgage, and also
not to suffer anything whereby its lien might be impaired.
Trmtees.— The Trustee may at any time be removed by instrument in writing executed by holders of two-thirds of the
bonds and any vacancy in the office of trustee may be filled
by holders of a majority of the bonds by an instrument in
writing
and an appointment so made takes precedence of
any appointment made in any way whatsoever. And if the
bondholders shall fail to fill the vacancy, notice of its occurrence having been published once a week for sixty days, the
Directors of the company may make a temporary appointment
The Trustee is not liable for
until one be made as aforesaid.
the acts of any agents, and for the exercise of reasonable diligence only in the performance of the trusts.
ble
and pending anv such smt
FIRST CONSOLIDATED
[Vol. XL)X.
:
;
;
:
OREGON
PACIFIC RAILROAD.
MORTGAGE EXECUTED JOINTLY BY THE OREGON PACIFIC RR. CO. AND THE WILLAMETTE VAI^
LEY & COAST RR. CO., SECURING $15,000,000 GOLD
BONDS DUE OCTOBER 1, 1900.
FIRST
Ztafe.— October 1, 1880.
ParAtes.—The Oregon Pacific RR. Co. .of the first part, the
Farmers' Loan & Trust Co., Trustee, of the second part, and
Coast RR. Co. of the third part.
the Willamette Valley
Projierty Covered. All and singular the property, real, per.sonal and mixed, of the two railroad tjompanies, whether
acquired or to be acquired, wheresoever situated and of whatTHE BOND.
soever kind and description, including the railroads built and
•."T 1^ First C'lnsolldated Mortt;ai;c 5 per cent Bond.
Zm^*.— Manh 1, 18'«i>.
to be built from Yaquina Bay on the Pacific Ocean to the eastDtnuminnliim.—f l.OOO rach.
em boundary of the State of Oregon (about 600 miles) and also
.Imouii/ .iulh'iri:itl.—^lH,000.000, to be issued at tli« rate of :jfl8,00n
w-r mile uoou r.KiJ whiuh accurdlug to a statemimt in writing ver fl.'d all other railroads l)elonging to or hereafter to Ije acquired
by theoaih ot tlie rresMent of the company ta aciitiillv construetcil, (of which in July, 1889, 130 miles easterly from Yaquina Bay
equipped Bi.<l in operation. For the ;J9.5 mile-s lu oinration March 1. were completed and in operation, 30 miles more being finished
iBrtrf, *4.470,0OO wire to lie issu d at oucc,*1.560."00 additional hein"
rails).
Also all telegraph .and
reserved to lie applied as follows: S;'.;i;o,'iOO to ho held Illl Ihe morteas;.- and 40 miles being ready for the
exociiled by the Western KU. Co. of Alaliama, seourine bonds due Octo
telephone lines, all lands, tracks, bridges, buildings, wharves,
rights of way. tracks, bridges, lands, stations, shops, etc., and
all rolling stock, macliinery, supplies, and other equipment now
held or hereafter acquired for use in connection therewith
also all income from the property, and all rights, franchises
and privileges jtertaining thereto.
—
;
ber
road from Opelika. Ala,, to Coluiubiis, Ga., 2.*
n satietlei!; .^-sCO.OOO to retiie an equal ainoimt
the (oliimliiis & Western Railway Co., due
...
li IDS miles
of road are stilijeet; .fJO.'.OnO to
of lirst morlKaKC bond.s of the Columli is & Koine
111. 1, 11'14. Ill which K further TiO
miles ot uiailare
I- i-<suedoMly when the 50 ml'es of road between
lias ecu rhangeil tiiRtandarl KaiiRO.
iivh !. 1!)2!). In I'nlted States (told eolu of the
1, IfeiiO 11(1 will,
mlleo, is Mil.
of nrat niiiri.
Janiiarv
1.
i
retire :
li
111,-
t
Ra"«
"."'i''
'
I
:
P'
tlnencsi. In New
IiiUicti l\i:iiii,U-.—A\. the rale of 5 per cent per
-;Ut
aid city, on
.Mmcli
1
and Hoiitember
r(ix«Y(«)i.— l'rii.,ii,:il
soyta.\iio\v
Oeori?laor.\
S'*
"«»'"
orsacc'
thecouj...
and
iiiid
iuler.st
1.
ai-e
'''''
,..
of
"'" 'omiiany
ire
.,
In like coin in
States or the States of
company niiy be
1
,
Uiiltcxl
the
'
ciiy.
annum
payable without deduction
imposed by the
.-h
'
York
.1
re<iuircd to retain
sliall pay the same.
coupon bonds and have the pilvilcffe
trannfer to Ijeare
delivery.
as to principal, but
Default.— \n caw of default in the payment of interest continued for six months, the Trustee may ent«r upon and operate
the proiK-rty, applying the net revenue therefrom to the payment of interest in the order in which it comes due, ratably t<i
the person entitled thereto; and when said interest has been
paid to date the road shall be restored to the company.
&
fixtures, rolling-stock, supplies,franchiscs, privileges and rights,
steamships and other w.ater craft, and all profits arising from
the property. Likewise all real estate belonging to the comall
&
Coast RR.^Co. having a grant
in Bertron Co., Oregon), and
including the gr.ant of lands to the Willamette Valley & Cascade Mountain Wa{;on Road Co., amounting to about 850,000
acres, the same being a right of selection from twice that
numlier of acres of land located wuthin the limit of six miles
on either side of said wagon road; also all leasehold lands,
with the buildings thereon, and including all interest of the
companies in anv other corporations; also all stock held by
the Oregon Pacific RR. Co., and all st(x;k of the Willamette
Valley & Coast RR. Co.. of the Willamette Valley & Cascade
Mountain Wagon Road Co. and of the Des Chutes River
Bridge Co.. owned or hereafter to be acquiiod (the stock of
he latter tliree companies and the land of the Wagon Road
Jo. aliove descrilHjd being first subject before full title can Ije
icquired to a pavment of §1500,000, to the discharge of which
proceeds of the bonds issued
t is provided thiit the first net
Hereunder shall be applied).
[xinies (the
Willamette Valley
of all th» tide
and marsh lauds
Adoust
THE CHRONICLE.
24, 1889.]
THE BOND.
Co. from Santa Rosa westerly to Sebaatopol in Sonoma Co •
the estimated length of railroad and branches being 158>< miles.'
Also the line extending from a iKiint on San PaWo Bay',
known as Sonoma Landing, northerly via Sonoma t<} Glen
Ellen, all in Sonoma Co., a distance of about 21 J.i miles.
Also tlie telegraph lino running or intended to run along
said road, and having an estimated length of about 188 miles.
And including all franchises, tracks, bridges, wharves, de^
pots and other liuildings, lands for the purposes of tlie railroad,
all structures, improvements, leases, contracts, privileges, rolling st<ick, machinery and materials, whether now owned or
hereafter acquired in connection therewith, all vessels now or
hereafter possessed, and all income of the property. [Of the
road above about 160 miles had been constructed to Jan. 1, 1889.1
;
First Mortgage Gold Bond,
D«(c -October ), 18S0.
DenomiHadod. —ijil.OOO each,
AmouHl j«(V)ri;crf.— *1.5.000,OnO at $25,003 per mile, the llrst Isaue
of $3,250,001) hclii;;- pleiU'ci to the ((.lyriiont of the uhiivo lurMitioned
IncuiiilirivT'oe of .fiioo.oi u. and to !ho hiilluing and eqiilppluK of the
Orst 130 iiiilos of railroad oantwMrJ from the occau, auy suipliDi to go
to the imreUase of water craft.
Prineiiml I'ui/uhle.—OcwhuT 1,1900, in Now York City, or (in caiio
notice Is svon to the company 30 days in advnnci') In Ldndou, Ktirland. at holder' (< option, in United States gold coin of the present stand*
ard or weight and flueiK ss.
Inlenn: t'nyaljI.-Al the rate of 6 per cent per annum on Apill 1 and
Octohcr 1 in like void coin In Now York, or (in case m.tii e Is given to the
company 30 days in advauc in London, England, at lioldci's opiioii.
Bonds are coupon bonds, with privilege of regialration
Heyiairatiuii.
either as to orincipal idone or on surrender of all unpaid coupons as to
iioth principal and interest,
Hinking FHMl.—1\if company agiees to deposit with the Trustee
yearly, conimi'ncing with 1883, the »nm of $10,000 as asiuking liind
to be applicil t(» the pnreha-e ot the b()nds of this issue at not exceeding 10.5 and accrued interest, and if this be impossible to the purchase
of such seeun les as truistees are authorizd to invest In under liw» of
New York .State. Bonds of this issue so purchased shall be canceled.
—
)
THE BOND.
First
—
to
I
company, in winch the President of the company shall join,
which sliall include a written statement of the purposes for
which spid proceeds are to be used.
The voting power of the stock liereby pledged shall be vested
in nominees of the company for every purpose except for the
creation of liens of said corporations, but this shall not hinder
the creation of any lien which shall recognize the priority of
the lien created by this indenture. From time to time, and
ujwn such terms as may be agreed upon between the parties
hereto, any of the aforesaid lauds and such of the other proi^erty mortgaged as shall be no longer necessary, may be sold,
provided the proceeds be applied either to the purchase of property necessary for the business of the company to be subject
hereto, or to the increase of sinking fimd, at company's option.
Default. In case of default for six months in the payment
of principal or interest, the Trustee, upon the request in
writing of the holders of one-fourth the outstanding bonds,
may enter upon the property and receive its income, and if
the principal of the bonds shall liave become due it shall and
may proceed after three months' notice to sell the property at
public auction, applying the net proceeds to the payment of
the bonds with all arrearage of interest.
If by virtue of the preceding article the Trustee shall enter
upon and operate the proijerty, it shall apply the net revenue
therefrom to the discharge of interest, or interest and principal secured by this indenture, as the same may become due
and payable and in due order of priority.
The right of action under this indenttire is vested exclusively in the Trustee, and under no circumstance shall any
bondholders liave any right to institute any proceeding under
it for the puqiose of enforcing any remedy
but the holders of one-half the bonds may unite in requesting in writing
said Trustee to do or refrain from any particular act, whereupon the Trustee shall conform to such request; it being expressly declared that the holders of a majority of the bonds
shall have the absolute right to control the time, manner and
mode of lawfully enforcing the security hereby created.
Uix)n any sale of the premises the Trustee, in case tlie holders of a majority of the bonds so request, shall purchase the
same, and may organize a new company upon such terms as
the holders of a majority of the bonds direct; and provision
maj-, if such majority shall so elect, be made in the reorganization for the interest of holders of junior obligations, and
for the stockholders.
In ca.se it becomes necessary to institute foreclosure proceedings, the Trastee shall aid and encourage any plan for
foreclosure and reorganization to which a majority of the
bondholders consent.
Trustees.— Any vacancy in the office of Trustee may be
filled on the ej; parte application of the Oregon Pacific Co. or
by the holders of a majority of the bonds, by the .Judge for the
time being of the U. S. Circuit Court for the DLst. of Oregon.
The lYustee shall be responsilde only for reasonable diligence, and shall not be accountable for any agent selected
with reasonable discretion.
Mortgage 30-rear S per cent Bond.
Bote.— .Tannary 1, 1889.
Denomir: alion.— $1 ,00 J each.
Amoiini. Autluirizeil. -$4.^00,000 of which $4,000,000 to bn Isgued
forthwith and the remainder to be Issued onlr at $2,'i.000iHT mile ot
main track hereafter cous;rue:ed in excess of about KiO miles alresdv
'
constructed.
Principal yoi/Kft/c—January 1 , 191 0, In gold coin of the United Staten
of or equal to the present standard of weight and fineness, in N, Y City
/n^e/vxf P((j/a6/c.- At the rate ot.5 percent per annum on Januarv
1
and July in like gold coin, in said city.
/fee i«(rrt«o».- Bonds are coupon bonds with privilege of registration
either as to princip d alone (which registration may be discharged and
bonds he again Irani- ferrable l.y deliveti ) or on surrender and cancellation of coupiinp, as to principal a-id Interest.
HiTkinii PiiiKl.—The. conu any agn es to pay to the Tnistee on July 1
1889, and yearly Ihei eafler, the sum of ijsii.i.OOi), all payments so made
to c nsiitute a sinking fund, to be used in the purchate of lionds of this
is^ne. after advertisement, at not eiceeding 110 and Interest,
and If
this be impos-ilild, to their payment at same rate after drawings by lot.
The company agrees to pay all ta.\es, etc., so as
keep this lien intact. The Trustees may certify and issue
bonds on the request of the company, or its President, but the
net jjroceeds realized therefrom shall remain in the hands of
the Trustee and be paid aut only on the written request of a
majority of the executive committee of the directors of the
Covenants.
241
Cot-eKaj!^.— The company agrees to pay from time to time
lawfully imposed, and not to do or suffer anything to be done whereby the lien of this mortgage might be
impaired.
Default.— In case of default for three months in the payment
of principal and interest, or in the performance of any covenant herein, the Trustee is authorized upon the written request
of holders of one-fourth the outstanding bonds the coupons
of
which are in default, to enter upon and operate the property
applying the net proceeds to the payment of the interest and
principal of the bonds as the same may become due; and if the
principal be not due they shall be applied to the pavment of
coupons in default in the order of their maturity, but if the
principal be due to the payment of principal and" interest
pro
rata, without any preference of one over the other.
If default be made for three months in the payment
of interest, then immediately thereuix)n. at the option of
one-third
the outstanding bonds, the principal of all the bonds with the
interest thereon shall become forthwith due and payable.
In case of default for three months in the payment of interest, or in the payment of the principal at maturity, the
Trustee
is authorized and directed to cause the whole property
to be
sold at public auction.
It is further agreed that the power of sale herein given
upon
certain conditions to the Trustee shall be obligatory
upon it
when requested in wi-iting by holders of one-third of the outstanding bonds, but otherwise shall be discretionary with it.
Out of the net proceeds of i-ale of the property shall be paid
the principal and interest of the bonds ratably in proportion
to
the amounts owing upon them respectively and without
discnmmation between principal and interest, and without preference of the holder of one bond or coupon over the others.
And in event of auy default in consequence of which
the Trustee is authorized or required as aforesaid to sell
the
premises, it shall be entitled in its discretion, instead of
proceeding under the power of sale hereinbefore contained,
to
proceed by bill in equity, or by other appropriate proceedings
in any court of competent jurisdiction, to foreclose
this mortgage and enforce the rights of the bondholders hereunder; and
thereujion the Trustee shall be entitled to have the property
sold by judicial sale under the decree of a court for the
satisfaction of the principal and interest owing on the bonds,
and
shall be entitled pending such proceedings to a receivership
of
the premises; and ui case of such judicial sale, the net proceeds
shall be applicable as hereinbefore provided in resjiect
of the
net proceeds of a sale under the power herein contained;
and
all provisions in this indenture with reference
to a sale under
such power shall be applied as nearly as may be in case of
a
judicial sale being made under the decree of a court.
The holders of two-thirds of the outstanding bonds may by
RY. an instrument in writmg, or resolution adopted at a meeting
waive or instruct the Trustee to waive any default on such
FIRST
OF THE SAN FRANCISCO NORTH terms as they sliall deem proper, and such two-thirds may ui
like manner, if, upon default as
S^SrS^^J^"^^'^^^'^ CO., SECURING §4,.WO,000 GOLD I^mcipal of the bonds shall havehereinbefore provided the
BONDS,
become due, or be by the
1, 1919
ft-ustee declared due, waive such defatUt, or reverse the
Dttfe.—January 1, 1889.
action
of said Trustee in regard to the same. The company
covenants
^^^ Francisco
North Pacific Railway Co. of that it will not seek to take
*u^''l'"^*"~^'"'
advantage of any present or future
the hist part, and the Mercantile Trust Co. of New York,
valuation, stay, appraisement, extension or redemption
law to
Trustee, of the second part.
prevent or hinder the absolute sale of the propei-ty.
Pro2)erty Covered.-^rhe railroad of the company as the same
Trustee.— The Trustee may be removed at an v time on pay)S or may Ije constructed, extending from
Point Tiburou on the ment of its reasonable fees, and new
a
Trustee niav be appointbay of
Francisco, in Marin Co., California, north westeriy
ed, by instruments in writing executed by the holders
of a
via San Rafael, Mann Co., Santa Rosa and
Cloverdale in So- majority in amount of the outstanding boniis.
In case a vanoma Co., and Hopeland and Ukiah to the town of Capella, in
cancy be not so filled, notice of its occurrence having been adMendocino Co., with branches as follows: From Fetalunia
vertised for eight successive weeks, the directore of the
comJunction southeasterly to Donahue, in Sonoma Co.; from Igpany may make a temporary apiwintment to continue until
micio, Mann Co., northea-storly to Sears' Point on the Sonoma
one be made by the bondholders as above prescrilied. The
Valley KR.
Sonoma Co.; from Fulton, westerly via Guer- Trustee is not
accountable for the acts of its agents, and for
iwville to a tract of land known as Willett's Tract in Sonoma
reasonable diligence only in the i)erformance of these trusts.
all taxes, etc.,
—
;
SAN FRANCISCO & NOR TH PACIFIC
MORTGAGE
&
DUE JANUA RY
.
&
Sm
m
'
THE CHRONICLR
242
[Vol.
XUX.
COT TON.
Friday. P. M.. August 23, 1889.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 0,532 bales,
The Movement op the Crop,
COM MERCIAL EPITOME.
Friday Niqht, Aug.
23, 1889.
augmentation of trade and the outlook for
transactions ia still regarded as hopeful, notwithstanding
tell
of
everal fjiUurus of late among tlie woolen manufacturers
New Eiighmd und a failure in the iron trade of Pennsylvania.
recent
These difllculties are in the main traceable to other
condition of trade.
failures rather than to any unsatisfactory
The prospect for the crops continues very favorable.
of
Lard has been declining, with only a moderate degree
Chicago market has been depressed by liberal
acdrity. The
on the six>t,
receipts of hogs. To^lay 800 tierces Western,
Tliere ia n slight
6-20c.;
sold here at 6-35@6-87J^c. and liiO tierces city at
was quoted at 6-40^6-90c. for the Continent.
OiOLT OUWraO PRICES OF LABO PCTUKES.
Salurd'y. ilond'ii.Tiuta'v.Wedn'sd'y. Thurify. P^''*'J»
6-29
6-43
6-.">2
G-50
6--J9
rt*llverr....c. C-55
Bept.
0-46
U29
e-ys
643
C12
Oct. dill very.... c 6-50
619
<>25
630
6 25
e-a-j
d<'llv(>iy....c.G-32
Nov.
6-20
6-20
C-18
6-25
6-2(3
Dec. delivery. ..c. 6 30
6-21
618
6-26
6-25
o. 6-32
Jan. delivery
Pork has sold to a fair extent in jobbing lots at declining
prices, new mess closmg at $11(3811 75, and extra prime at
refined
$10@$10 50. Cutmeats have been quiet and weak. Pickled
shoulders are quoted at ^%@^)ic. do. hams at \0)i@nc.,
and do. bellies at ^%(a,'i%<:., according to weight. Beef hams
have remained at $15(3816 with moderate jobbing sales. Beef
;
has been quiet at $7 per barrel for extra mess, $9 for packet,
$8 for plate and 812 50^815 per tierce for extra India mess.
Tallow has been in fair demand and firm at ^^ic Stearine
cream
Receipts
at—
Coffee has been less active, both on speculation and in the
legitimate trade and prices for options show a net decline for
the week of 25 to 30 points, owing partly to reports of rain in
Brazil and partly to seUing attributed to Brazilian account and
longs."
Thf? spot trade in cargo lots has not only been
smaller, but the jobbing sales,
it is stated, have fallen off matewhile the American visible supply is 390,977 bags to-day,
against 297,442 bags a year ago. The receipts at Santos
have been liberal, reaching to-day 9,000 bags, but at Rio they
have been rather small, hieing only 7,000 bags to-day against
16,000 this day last year. The stock in Rio Janeiro is 433,000
To-day there was a slight adbaigs a^inst 217,000 last year.
options, closing dull. A despatch from Rio reported
vance
the crop i)rosix-cts le.ss favorable, but it had very little effect.
Options closed as follows:
rially,
m
8ept.l4-9oo« 15-OOc.
Oct. 15-OOc. a 15-050.
Kov. 15-050.® 15-lOc.
I
Dec....l5-05c.®15-l'-c.
Jan... 17> 10o.ai5-10c.
|
March. 15-10c.®1.515o.
Ai>rll..l5-10c.®15-
I
;
favorable.
On the Metal Exchange trade has continued quiet and in
nioi
o>t cT-c; tlie fluctuations have been
within narrow limits
T!
tin mcreased to-day, reaching GO tons
at 20-1.5c
foi
lithe spot, 20-20tt20-25c. for August and
20-2()e:
for JJccv...! .or
Cop|x;r w^s quiet at 13-lOc. for Lake
Superior
^"^'^ ."'^^ *'"" ^^'^ during the week has fallen
to
^*-, .c. for .
J-8- "'-T donuv^iti.- for AugiLst.
Spelter closed (irru at 5-l.)c
for (loine^tie tor August. Pig iron has been
quite firm, owing
partlv to an advance in Glasgow. There has
been a fair ,ic*^
**
^^^ "'"' ^ f '"'"
'^
'
^and
'
Spirits (urpentine
and
l.nr..|v
«';
,,
a
2
A,
I0i,'"«'ib3.
stondy.
•«
^^*
has advanced to 44-3 44i^c. closing
quiet
Rosin has been quiet' and stkidvat^SlTr
to good strained.
Refined rM>t"roleum
,
ha"s
(rudepetroleum certificates have further
\at 08?8',t98"2'c. Wool has been quiot
have embraced 105,000 lbs. fleece
at
unwashed do. iit 23f* 2.5c., 20,000 lbs
o^"", ?-o^"",V""''i,'^' 2«'--- ^-'^" »^- Merino
".t
l"*- Montana at 15U(ai8c.
.,;ij^^:'.l^'.??<'
and
Texas
at:
2,b50
31
11
400
2
317
38
250
870
1,101
326!
415
1,088
X30|
497
480
52
459
6
lOQ
265
02
1
1
5
27
49
itc...
Orleans...
Mobile
•
2
1,911
127
!
Florida
i
45
Savannah
Brunsw'k, &c.
Charleston
Port Koyal.ic
Wilmtngton
Wash' jrton, &c
Norfolk
West
\
I
1
8
aa
189
23
90
99
Point...!
N'wp'tN's,Ac.'
New York
Boston
Baltimore
134
I>klladelph'a,&0|
Totals this weekl
457
134
97
1,339
6,532
93;
1,226
1,068!
972!
1,470
For comparison we give the following table showing the week's
total receipts, the total since September 1, 1888. and the stock
to-night, compared with last year.
Savannah.
1,
2,850
2!
..
Charleston ..
P. Royal, &e
ft'Umlugton
4,369
485,728
411,384
136,296
130,831
103,760
65,676
51,772
8
West Point,
189
NwptN.,&o
23
New
Totals.
&c
675,734
23,147
134
97
Since Sep.
1, 1887.
This
Week:
1889.
2,342
1,751
2,3841 777,303
215 205,346
2,875
80
18,219
1,219
1,803
7,639
83
479
124
129
87
225
2,000
495j
4,7S9,
2,000
1,667
4,020
70,ll6i
179,306
331
6,201
2
24,853
883,.525
77,416
423,197
16,720
168,621
4,935
493,738
409(539
122,201
96,811
98,599
53,625
27,547
322
59
1,101
684
2,092
j
73
1,618
19
6.532 5,516,969! 18.517 5,545,477'
..
may
In order that comparison
1888.
661,479
3,416
16,220!
152,1681
78
Norfolk
York.
Boston.. ..
Baltimore.
1888.
1,914 1,691,644
127 209,496
27,010
1,101
815,927
132,099
9 383,703
Wash'tn,&c
Stock.
I
Since Sep.
Thin
Week.
Briins., &c.
Phil'del'a,
1887-88.
1888-89.
Beeelpttto
Jiugutt 23.
be
made with
other years,
we
give below the totals at leading ports for six seasons.
Receipts at-
Raw
^^
Total.
Fri.
441,
i.'ic
Feb....l5-10o.®15 15c. May. ..15-lOc ®1515o.
sugar has been mote active at a decline to 6c. for fair
refining and 6?4c. for 96 degrees test, centrifulgal. Refined
has been in fair demand and steady, closing at 85^c. for standard crushed.
Seed leaf tobacco has been firm, but quiet. Tlie sales have
embraced 400 cases crop 1886 Pennsylvansa seed leaf at 12i^ to
14c.; 2.50 cises crop 1887 Pennsylvania seed leaf, 7 to 12c. ^ 2.50
cases crop IS^j State Havana, 11 to 12c.; 200 cases crop 1888
New England Havana, 10'^ to 20i|c.; 200 cases crop 1888
Wisconsin Havana, lo;^ to I3c.; 10(5 cases crop 1888 Ohio
private term.-*; 200 cases crop 1888 Dutch, ^% to 12c. 250 cases
sundries, 5 to 35c.; 650 bales Havana, 68c. to $110; 2.50 bales
Sumatra, 81 10 to §2 25. Kentuckv tobacco has been steadv
unchanged and quiet. Sales of 300 hhds., of which 20()
hhds. for export.
The crop advices aie rather more
I
Thun.
Wed.
Tues.
180
.
'•
local
1,005
19
ElPaso,
New
Man.
Sat.
Galveston
Mobile
Florida
factory.
bales last
1,406
week: making the total receipts since the
has ruled at 'i}i®'J%c., the same as a week ago. Oleomargarine has still been quoted at 5J^(g 6c. Butter has been higher Galveston ...
El Paso,&c,
but closed dull at llglOJ^c. for creamery. Cheese has been
New Orleans,
firmer at times but to-day was dull at 8J-^(g8ygO. for fancy
State full
week and
bales the previous
1st of Sept.. 1888,
5,516,969 bales, against 5,545,477 bales for the same jwriod of
1887-8, showing a decrease since Sept. 1, 1888, of 28,508 bales.
against
Galv'ston,
1889.
&o
1889.
1887.
1886.
2,852
1,914
3,416
2,384
6,881
7,179
127
215
Chai'rst'n,&e|
1,101
9
<\'ilm'gt'n,ito
Orleans
Mobile
Savannah.
..
4,735
368
54
182
6,-201
3,255
1,493
3,315
460
56
326
696
78
322
59
13
1,101
8
271
212
231
4,133
1.063
174
303
15
83
6
419
6,531
18,517
19,270;
.N'orlolk
Point,
&c
All others
Tot. this week
1884.
4,336
2,613
8
Sew
VV't
1885.
4,78:
681
12,
1.
'•.3
3,045
486
78
687
167
20
150
281
11,695
4,914
SlneeSept.l.'5516,969;5.'>45,47-l5242,3G7'5349,771 4755,7.56' 481 8,707
The
exiDorts for the week ending this evening reach a total
15,873 bales, of which 14,316 were to Great Britain, 517
France and 1,040 to the rest of the Continent, Below are
the export« for the week, and since Sept. 1, 1888.
of
to
Week Endtno Aug
Exported to—
Exports
rrom
Hi.
Oreat
Oenfi- Totnl
BrU'n. France nent. Week.
Galveston
Orleans..
Mobile
•iarannah
Brnnswlck....
OaarleBton ....
SU
sia
u.m)v
54.133
..
i.-i.aoB
Ualtlmore
SSi-
517
410
118
615
Pblla(lelp'a,&c
Tout
Total 1887-88..
14,918
e,-04l
.',17
45
786,-i77
J 40
138,«1I
4«.Il)2
12.361
229 073
74.1
l.MO 18,873
J.libs
177.f)61
43.1)53
14.133
60.665
9.860
18W.
814.443
4'28.450 1,487.712
S29.858
38.054
82.865
144
423
6,352
26,740
23.
ToM
87.627
118.92i
171.003
97.737
.
^ew York
11.542
Continent.
jaosa
......
Norfolk
West Point.
.Nwpt .Nw«, 4o.
81.076
77;<,a27 28n,0()5
50.4«<
Kt.iTV
Witminffton...
I
Britain. France
aos.TSi'
Saw
Ana.
Exported to—
Sept.l. 18«8. to
Great
50,498
323,879
88.815
257,521
100,747
262,f7t
183,454
97.737
268.861 1,063 19.')
4 519 233 593
I
199.032
I8J3U
tt».313
60,67
«.(i24,aS2 41'i,760 1.886.270 4.722.948
9,65- 2.887,882 *04,»T)7 1,S07.5SS 4,800,328
AuatJST
M
f
.
THE CHRONICLE.
24, 1889.J
243
s
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
add similar figures for New York
at the ports named.
which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 24 Beaver Street^
Oil Shipboard, not cleared—for
tearing
Sug. 23, al—
CoattStock.
Other
Oreat
n.„„,.
Totul.
"^"""- Foreign wine.
llrilain.
We
New
1,500
1,000
None.
13,322
950
CUarle.ston
.
.
.
Bavannah
Galveston
Norfolk
None.
New York
Other ports
Total 1889...
950
(gg
5s
—
.
IS
— ~B
I
l(i,r>92
A
of other causes.
None.
None.
80
83
0Dc5
1.55
400
652
1,403
1,690
None.
None.
None.
None.
14,800
1,000
87
40,638
6,403
555
17,212
52,904
810
885
15,279
24.977
I
Cf-
—
25? =
5J
'<
l.l>
£•?>
S.S
;
— rn
;
op
5'
5
'.
tw
:
O 1
'-'
f
ilir
in Liverpool
rise
was
U 2® f
1^1
c6^
Ob*.-'
»
o^
2
^1-)
2
e »:
9?
00
<
n
eft®
«c»
OJOa
I-M
I
o
on
t-
wg»
Oi
9*
^^
<
2
s «:
"mm
5
tt'it2
t;*WM''
81?:
1
tf.
00
titi
00
w„©_
MM bf
tCM 2
tCXM'l
2
MM M
<l
o
^
99
<
fb
">
[»
5
COM 2
To: to
B)0:
2
^I^mI
e?':
oJ.*:
2
M
MW 6
I
I
««:
M*-
CC3
2
ffl®
I
rffcM
to
99 ?
00 2 00
T
caoo
6-6
MMio M
1
5
2
2
8.«:
WWM^
©?:
M
CO tog®
9*^:
8.*-:
M—
©000
929 ©oco o©oo
A©-o 66*6 6m*m
to®
to»
xco
«io 2
MOTM''
cjsjOcj
tow*-* CO
6-i
too
5
I
> K
©o
»oOo oocco
1
I
a
_ ®_
99
to 10
tecs
I
2
W
MK1*10
I0*(0
I— "•'SI
(0®
i'O
15
0000 MMtOM
COQO
to
(DO
00
©o
WW 2
tsesM''
<
2
yjy^
ooco
M
MCCM
9S9
Of
_(X to
I
'
I
MMWM e\®: Ts'.k:
cooo 9999 copo cooo
a ® CT
1^
2
"^
99359
MM M
_ *.
99
diQ*
?'.".
1
I
0000
"mi-'
b.*
00
5
2
e»:
MM-JM
0000 oopo 00
ooco OOCO
66-6
3S
H-10
MM 5^
S.
MM
coto
©© 5 C© 1^
O® < ®®
6® 2 to® 2 §Sm5 6© 2 99 2
o© ^
tccc
xc
10® ^ ®®M"^
8.-^:
si*:
e'r:
*r:
S»:
MM® M MM^M MMIOM MMtOM M— ®M
®©©o ©000 COOO 0000 c©oo COOO
io^o oiOo 06*6 QOM ® CM®M o — *6
OW M
MM >
©o !? CC
99 2
MM < *-to 1
©© ^
01
WIO
xw 2 66
«.=-:
©.":
S
T®
mmo;m
COO©
coc©
COO©
oco© mmo;m
m-:Cm
mm^'m
6m©6 ®X M
00^0
CTwl
c;'©
X
©©
CO
00
©© I?
99
M ^
Cm > ®x
®x
co<oo®
(oej3©eo
stated, 15,000 bales.
®(o9o ®® — to
MM
M
5^
[>.
[b.
fa.
15^
There was considerable" switching from August to Sojitember
and October. Cotton on the spot lias been in good demand and
Middling uplands closed firm
prices have advanced 3-16c.
t*
I
I
at llj^c.
forward delivery for the week are 393,200
For immediate delivery the total sales foot up this week
21, .506 bales, including 15,097 for export, 6,409 for consumption,
in transit. Of the above 100 bales
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week August 17 to August 23.
The
S.
Pf>~'Oa
164,027
68,335
Tuesday caused another advance here to which an additional
rise of l-16c. on the spot and a good demand from shorts also
contributed, though towards the close realizing sales caused
of
August all
exception
with
the
a reaction, and
options ended lower. On Wednesday there was a shaqj decline
following a fall in Liverpool and liberal sales here for long
account, esjiecially for August, September and October, the
first-named option declining 20 points. The crop advices were
generally favorable. On Thursday there wa,s an unexpected
advance in the early options in Liverpool and this caused a
rise here.
The receipts at the ports though larger, were a
little less than half what they were at the corresponding date
last year.
To-day prices were irregular, advancing early
owing to a rise of 5-64 to 6-64d. on the early options in Liverpool, but losing the advance later and making a moderate net decline owing to the issue of a good many notices for August, the
it
:
T
I
400
f m-ther
quantity of cotton approximating,
'S
CO
The speculation in cotton for future delivery at this market
has been more active with rather wide fluctuations, the final
On Monday
prices to-day showing a decline for the week.
there was an advance due to* a rise of 6-64d. in the near
options in Liverpool, an advance of l-16c. on the spot hero and
a variety
2
a
!
2,515
4,267
7,400
None.
None.
10,202
2
St?
^~>
;
;
I
Total 1888...
Total 1887..
»
•*
T't!
£.?>
:
300
2,385
Mobile
S 2 1 3
»
fi 'Z
(g.
None.
None.
None.
35
None.
None.
None.
None.
None.
2,350
None.
None.
None.
None.
None.
None.
None.
325
None.
None.
None.
497
Orleans...
-
total sales for
bales.
—
It-
I
I
'^
"^
:
I
I
—
I
:
I
li*
UPLANDS.
Ordinary
Btrict Ordinary.
Good Ordinary
Strict Good Ordinary.
8%
.Wlb.
9iia
8iiie
I
9'8
107i«
lOia
I
10%
lO'-is
]
FrI.
5^
8% 18% 18%
834
91,6
I
10
Low Middlinit
Strict Low Middling..
|i*
9S,«
9',«
9',g
lOie ;iOi8 'lOis
Tei«:
I
©CO©
!109ie ilOi>i8 'lOSis llOSig
lOlSigll
llll,« llHiB 1111,8 '111,6
113,1, 1I114 ,ii5,g |ii5,a iii5,a
11% ll'l6 lll^ ll'^ lll>3
12
112
112
Ifs Ili6,ell2
1214
1218
121,8 I2I4 I1214 ll2U
12>»,8 il2'%
1211, p 12111^1211, 1211,6
135,,= il35„ !l3-i8
13'-,n I314
Middling
Good Middling
Btrict
Mon Tnea Wed Tb.
Sat.
Good Middling.
Middling Fair
Fair
GULF.
Sat.
MoniTae* Wedj
TIi.
I
Itt.
Wi^
to
to-
1005
te
S)
I
t-'
|>
9i
<
:
MMtOM
a:^
©©CO ©©OC
—
I
»J
Strict
Low
8"8
815, «l 9
9',6
97,6
9%
.... 10'4
1105, 6 '1038
ilOHic
.... 10ii]eil034
....lis, 8 1114 jllo 6
ll'*,8
.... ]1'',8 III2
....ii»8 ;iiii,6'ii%
1218
12',e 1214
12^8 |127„ 121a
1215
1121-11, ,il2'8
13-«,,
137,8 Il3ia
lb.
....'
I
I
,
,
Middling..
MiddlinK
Good Mfddling
Strict Good Middling.
Middling Fair
rair
STAINED.
{Sat.
Good Ordinary
Strict Good OrtUnary
LowMiddling
t
11078
9
9
9', 8
9'l«
97,6
10%
8=8
914
103,8
10%
10%
10'-a,e 101! 6 ioiS|e
U^IB 115,6
H»i« IflB 11»18
n% 11% 11%
115,8
I214
I212
8=8
914
103,8
Tto.
1
MO X
MM
MM {>
99 -? 99 ?
toto
2 toto 2
8=8
914
103,8
8-'s
9I4
,03,6
11
1016,, 11
CLOSED.
Firm at l,e adv.
Mon. Firm at 1,8 adv.
Tiies. Firm at iigadv.
Sat.
port.
12,0."i6
.
1
rrl...'Firm
Total!
!
41
...I
...
....
...I
1,.518
-300
525
15,097
6,409
1,1
Total.
Balet.
eriei.
...14.5741 47,900
734
723
391
I
tit.
....
MM
©©
Mci
MM
2,334; 74,800
723
391
...!
73,700
85,000
58,200
825t 58,600
..!
2 1,506 398.200
2,659
The dally deliveriea given above are actually delivered the day
previous to that on which they are reported.
The Sales and I»eices of Fxn:uRES are shown by the following comprehensive table:
t»
!^
S)
I
ci
I
MMOIM
COC©
MM©M
MJ- M
<
s,
1
I
>
K
MM
X®
2
^
:
M tOM
© C©
I
c5m
tOM
I
to
©ti
r®:
M
I
I
I
2
•
^^
tt
"^
:
©c©o ©oSo
CO o
I
I
1;
I
6;
I
e;
99
corfl
®©
s.
MM<1M
I
'
1
9
2
"^
b.
5
2
'^
2
"I
c<
M*^
:
I
I
I
I
lyiiv
Spec- Tranr
2,518
1,600
Wed.Htcady
Thur. f t«ady
Oon-
sump, lul't'n
:
I
I
'
X® ® to
MM
MM b» 00
©9 5
MM
s«:
MMXM © 3 CO M s ©O
COC© M MM O MM O©o©
"= to
°ti
10
MW*M
M o> °to Ml^ IC
a*
X ©
to to
CJt-w
1
9929 99c9
totoOto
"
ffiCO
Frt.
SALES OF SPOT AND TRANSIT.
Ex-
2
I2I4
121a
1214
1212
MARKET AND SALES.
The total sales and future deliveries each day dtiring the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
SPOT MARKET
toio
1215,8 1215,, ,121518
13'. „ 139,» il3»„
nioiilTacsjWed
8'>,6
Wlb.' 8ia
9ie
93,6
IOI16 lOis
Middling
9
>
K
[»•
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
10^
tOIO^M
to
CO
:
MMUl^-
—
tito
Fri.
"
^2
wot
M
©^
o
0000 ©OC
©OC©
»iiaC
9929
I
I
* Includes sales in Septcmlipr. 1888, for September. 163.300; ScpK-mber-Oclobcr, for October, 394,100; September-Novcuibcr, for November,
585,500; Scptcuibcr-Dcccmlicr. for December. 9S0,400; Sciitember,
January, for .rmiuary, 1,650.500: September-February, for Februai-.y,
881,300; Scptiinbcr-March, for March, 1.944,S0O; September-April,
for Ajiril, l,257,soo: Bcptember-May, for Mav, 1,595. 1(K1, SeptemberJune, for Juue, 1.056,000: September-July, for July, 1.099,000.
|^° We have included
the above table, aud shall continue each
weelc to ffive, the averajre price of futures each day for each month. It
will be foinid uiiilir each (fay followinK the abbreviation "Aver." Tlie
average for each uionth for the week is also Kiveu at bottom of table.
Transfcrabie orders— Saturdav, lO'SSc; Monday. lOOoc; Tuesday,
10-9SC.; Weiluesday, 10-75c.; Thursday, lO-SOc; Friday, 10-75c.
m
The following exchanges have been made during the week:
•20 pd. to exch. 200 Oct. for Sept.
•02 pd. to exch. 3,000 Nov. for Jan.
•12 pd. to cxch. 200 Jan. for Mch.
26 pd. to exch. 1 ,500 Nov. for Oct.
•32 pd to exch. 4(K) Dec. for Oct.
•31 pd. to cxch. 600 Dec. for Oct.
•03 pd. to exch. 100 Dec. for Nov.
•24 i>d. to cxch, 300 Nov. for Oct.
•37 pd. to
•IS pd. to
20 pd. to
•51 pd. to
03 pd. to
•22 pd. to
•22 pd. to
•23 pd. to
cxch. 200 Dec, for Sept.
e.Kch. 500 Jan. for Oct.
c-vch. 2,(i(H) Dec. for Oct.
exch. 500 Nov. for Sept.
exch. 1,500 Nov. for .Ian.
exch. 500 Nov. for Oct.
exch. 200 Sept. for Ang.
cxch. 100 Nov. for Oct.
.
.
.
THE CHRONICLR
244
The Visiiii F Sippi.Y OF Cotton to-niRht, as made up by cable
well as
«na tt'IevTiil'li. is lus follows. The Continental sttK-ks, as
returns,
UK»«for(ire;it Hiitain and the arti>at are this week s
dow-n
*ndcon.s.>.iu.ntlv all the Euroiiean figures are brought
complete
Thurs«lav evening. But to make the totals the
to
item of e:!n)orts from
flgnraB for to-night (Aug. 23), we add the
only.
United .«<tates, iucluding iu it the exports of Friday
(&
1887.
COOO
441,000
3,400
28,000
7,000
607,000
4.900
02,300
28,000
30«
300
200
.00
111.000
3,000
48,000
7,000
11.000
1,100
],1«)0
190.0(H)
]19.0<MI
2,0OO
32,000
4,000
9,000
43,0(10
1,1,000
537,000
3,000
19,800
Tot»l Great Britain stock.
«took»lH..ii.lm.L-
Kii
n
Stookat
Stock at
Btockat Aiilweru
iSJkitH..vn^.'!
Stock at Marsvlllps
ti,000
4,000
189,100
Total Ck>&Uuental Rtocka
523,000
1,600
33.000
21.000
219,400
333,500
6.0(K)
8,000
217,900
940,500
103,000
55,000
26,000
93,312
17,692
40
770.900
135,000
24,000
726,100
53,000
26,000
6,000
70,116
5,890
2,276
..
atioiit fnrlCiirope.
for Europe.
E(arpt,Bn«ll.\f..iitlt forEVp
8to<-V la Uultoil Stiite.s purt« .
Stock In U. 8. Interior towns..
United States exports to-day.
Tislble supply
660,400
42,000
20,000
6.000
179,306
14,026
151
889,382
Total Ennuvoflii stocks..
921,883 1,233,550 1,152.226
3.000
178,524
39.076
1,726
on—
closing quotations for middling cotton
Week eniiina
August 23.
I
Wednet.
Mon.
Tues.
ll"*
Satur,
Uifl
11
imj
I
'
Thurs.
11
Ilia
11
10%
10%
10%
10%
lO's
lO's
11
11
imi
11
t'harlcstou.
\ViImin;<ton.
10^9
lOTg
1114
11
Fri.
\
10%
10«i
IO'b
11 '4
vcstou
New Orleans
Mobile
O.al
11
Savannah...
I'liiladelphla
11»8
III2
AuguHta
11
lios
Ills
11
10%
10%
10%
10%
..
..
.Meiupln.s ...
Louis
Cincinnati
St.
Loitfaville.
..
..
n«8
11%
11>4
III4
11
11
10''8
11»B»% ii»8a% 11<>83%
11=8
11 "8
11%
n»8
11»8
11
11
10%
IIU
10%
11'4.
10%
IIM
1138
im
1138
11
11
10%
10%
11%
ICs
11
11
im
11>9
im
lO's
Uh
11 '8
Wa
11>4
U>4
11
11»2»58
11»8
lias's 113g3l3
Boston
Baltimore...
Amer. cott'iiutlout
ToUl
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
Norfolk.
StoSilBirSlona
«ockatG«no»
SookatTrtMte
India oot ton
The above totals show that the old interior stocks have
decreased during the week 532 bales, and are to-night 8,136
bales less than at the same period last j'ear. The receipts at
the same towns have been 1,904 bales less than the same
week last year, and since Sept. 1 the receipts at all the towns
are 40,431 bales more than for the same time in 1887-88.
200
15,000
81,000
5.000
49,000
1S89.
ll^kat!
1886.
1888.
[Vol. XlilX.
1138
1138
llOs
11
11
—
Receipts From the P*lantations. The following table
indicates the actual movement each week from the plantations.
figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market tlirough the outports.
Of tliealmTe, the totals of American and other descriptions are as follows: The
Awurican—
_.„
292,000
99,000
26,000
70.116
5,890
2,276
"
bales
"Continental stocks
American afloat for Europe.
Vnl ted States stock
Onited States interior stocks.
Vnlted States exports to-day.
4UTerpool stock
.
Total American
Satt Indian, Brasit,
fjvcrpool stock
495,282
dc—
228,000
17,000
90, 100
53,000
6,000
London 8tock
'Contiarutal stocks
India afloat for Europe
Cgypt, Brazil, &p., afloat
„.,
293,000
160,000
55,000
93,312
17,692
46
152.000
16,000
99,400
42,000
6,000
744,326
272,000
40,000
173,500
103,000
26,000
606,483
341,000
160,000
24.000
178,524
39,076
621,030
273,000
120,000
20,000
179.306
14,026
151
162,000
20,000
July 19
87,il00
Aug. 2
1,726
135,000
3,000
1887.
••
'•
&c
921.833 1,235,550 1,152,226
6«8d.
IIJ9C.
.
lybales.
407,900
744,326
315.400
606,483
689.382
Total visible supply
«»ricc Mid. I'pl Uverpool....
PriceMid.Upl., New York....
The imports
614,500
624,030
394.100
495.282
Siad.
9i3itc.
S^i.d.
10»8C.
S'sd.
g^c.
week have been
into Continental ports this
-5,000
The above
figures indicate a decrease in the cotton in sight
.3'i,501
bales as compared with the same date
of iSSS, a decrease of 346,168 bales as compared with the
corresponding date of 1887 and a decrease of 262,844 bales as
(o-nigbt of
compared with 1888.
At the Interior Towns the movement
—that
is
the receipts
tor 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 1887-88 is set out in detail in the
following statement.
—
St'fc
1889.
at Interior Ttntmt. Ree'pU trom Plant'tu.
1887.
'
1888.
;
1887.
18fc9.
1. 982
89.188! 3I,170i
10.865
8.033
e.»si
1,710
27.9371 88.16s'
28,118' 23,68'
9,«57
9.15P
1,330
2.581
.
1888.
3.885
4,728
1.906
7.870
9,915
911
1,010
2.3.9"7
20,385
7.848
5,219
9.84^
i9.s;o
19.449
1,40«
22.98°;
16.214
7.390
8.81)8
1K517
6.S32
23,8581
15.99;
7,207
19.510
],4»9
9
18
S3
"
at ttu PorU.
1888.
3JW5 10,062
26...
••
Total East India,
Total American
BueipU
fVeek
1889.
124
512
412
6.615
t-
949
18.'?64
6,349
l^.S
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1888, are 5,508,801 bales: in
1887-88 were .5,537,688 bales; in 1886-87 were 5,217,563 bales.
2.
That, although the receipts at the outports the past week
were 6,533 bales, the actual movement from plantations was
only 6,349 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 18,264 bales and for 1887 they were
19,540 bales.
—
Amount of Cotton in Sioht Aug. 23.— In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Aug. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1888-89.
1
'
1887-88.
1886-87.
1885-86.
Receipts at the ports to Aur.23 5,516,969 5,545,477 5,242,367 5,349,771
Interior stocks on Aug. 23 in
'8,168
7,839 '24,804
31,746
excess of September 1
I
j
]
Tot. receipts
from plantat'ns 5,508,801 5,537,638 5,217,563 5,381,517
891,216 978,694 788,880 821,134
1
476,000 435,000 391,000 308,000
Set overland to August 1
Southern consumpt'n to Aug.
»' B B
:
;
'
Total in sight August 23....|6,876,017 6,951,332 6,397,443 6,510,651
Northern spinners' takings to
Vugust 23
1,723,216 1,771,286 l,647,6S7!l,774,298
*
Decrease from September
1.
It will be .seen by the above that the decrease in amount in sight
to-night, as comp.ared with last year, is 75,315 bales, the increase as
compared with 1886-87
OQC tc u^ co^o; tw 0: rf*-c;» CDJ.J 4*.- « — 55 at
ets: m: uqo
aoma
c. t-o
cet«.
Is
—
Oalveston, Texas.
03IS
V OCI5CXK3
rt
» a -. M IS X
I).
XMXC0S*»O
OOCCOS.
•
M
M
1^
MtwMtOM
— -1 — — a « "!; (s ax tt ^K t£ — - xx
*.
-lie
S .^ * H P fc '^ '? * -> '-"*
Wm
'-q
atwrf.tiic-iviO'Wi-'CM-.i.t-cxw-xoi
^^
;
*^'
MM
eoA
lU
k:..^
— We
rainfall
-
—
—
—
c C. - li
C C.
O H fc
-•ir. '1^
Sx; t-2
:.'C".
*
The
IThli<
flinii,
year
CO
Mile
~...~,t:
X cp CO >c
e;*
.Q
MMxwa«iwu.
^ x ^k k- .xcoxo
both years are "net"
-tlmatol.
in
have had rain on two days of the
reaching twenty-eight hundredths of an
inch. Two thousand eight hundred and forty-two bales of
new cotton received tliis week, making thus far three thousand three hundred and seventy-three bales. Average thermometer 82, higdest 92, lowest 72.
Palestine, Texas.— It has rained splendidly and beneficially
on three days of the week, the rainfall reaching one inch and
twenty-seven hundredths. The crop is good and picking at;The thermometer has averaged 82, the highest being 96
tive.
and the lowest 68.
Mnntsville, Texas. "We have had rain on two days of the
week just in time the rainfall reaching one inch and eight
hundredths. The crop kwks promising and picking is progressing. The thermometer has averaged 88, ranging from
70 to 96.
Dallas, Texas. There has been hard but welcome rain on
three days of the week to the extent of three inches and ten
hundredths. The crop is fine and picking has begun. The
thermometer has ranged from 70 to 98, averaging 84.
San Antonio, Texas. It has rained magnificently on two
week, the
—
•
478,574 bales and the Increase over 1885-86
Weather Reports by Telegraph. Our advices by telegraph to-night indicate that the weather has, as a rule, been
satisfactorj' during the week, and that cotton is doing well.
Worms are reported in districts of Georgia, Alabama, Mississippi, Arkansas, Tenne.«see and Texas, but generally without
material damage. Picking is progressing finely in many sections.
tz^%^^\
is
365,366 bales.
—
.
.
AUOCST
THE CHRONICLE.
34, 18£9.]
days of tlie week. The crop is good and picking active. Aveiage thermometer 83, liighest 94 and lowest 78, and the rainfall reached one inch and four hundredths.
The crop is fine and picking makes excelLvliiig. J'e.ias.
Rain has fallen on two days of the week, to
lent progress.
the extent of twenty-nine hundredths of an inch. The thermometer lias averaged 84. the highest being 98 and the low-
—
est 70.
—
245
it is holding its own.
Nineteen bales of new cotton
received to date. The thermometer has averaged 76, the
highest lieing 91 and the lowest 61.
Charleston, South Carolina.
have Iiad no rain all the
week. The thermometer has averaged 77, ranging from 66
ceded that
— We
to 88.
—
Stateburg, South Carolina. Rain fell on one day early in
the week to the extent of two inches and thirty-two hundredths, but the weather since has been clear and favorable.
A cloud-burst at Wedgefield did much damage to crops and to
the railroad. The thermometer has ranged from 61 to 83,
Columbia, Texas. There have been good showers on three
days of the week, the rainfall reaching seventy-two hunCroqs look splendid and picking is going
dredtlis of an inch.
ahead. Worms are reported everywhere, but seem to be averaging 72-3.
Wilson, North Carolina. Telegram not received.
checked by poisons, and no particular harm done yet. The
The following statement we have also received by telegraph,
thermometer has averaged 82, ranging from 73 to 93.
The weather has been dry all the week. showing the height of the rivers at the points named at 3
Citero. Ti'.vas.
Picking is active and crop prospects were never better. The o'clock August 23, 1889, and August 23, 1888.
thermometei- has ranged from 64 to 94, averaging 79.
lAug. 22. '89.' Auff. 23, '88.
We have had light showers on four
Brenhum. Texas.
Ful. Ineh. Fe*t. Inck.
days of the week, the precipitation reaching thirty-one hunAbove low-water marh.
5
4
9
5
dredths of an inch. The ramfall was insufficient, and rain is Sew Orleans
Memphis
Above low-water mark. 11
4
14
2
badly needed, esi)ecially ou sandy lands. There is much com- Xashvlllo
Above low-water mark.
5
7
8
5
Above low-water mark.
plaint about boll worms, but the damage is greatly exagger- Shreveport
7
3
4
4
Above low- water mark
HU Ring. 13
9
Picking is active. Average thermometer 84, highest Vicksburx
ated.
—
—
—
i
lowest 71.
Belton. Texas. It lias been dry locally during the week,
though some sections have had fine showers. Crops are good
The thermometer has averthere, but need rain elsewhere.
aged 85, the highest being 99 and the lowest 70.
Weailierford, Texas. Crops are good, but the weather has
97,
—
—
become very hot and
The thermometer has ranged from
di-y.
63 to 100, averaging 81.
have had rain on three days
Neiv Orleans, Louisiana.
of the week, the rainfall reaching one inch and four hundredths. The thermometer has averaged 81.
Shreveport. Lottisiana.— There has been only a trace of rain
during the week. Average thermometer 78, highest 94, low-
IShipmenU
Lelanfl. Mississippi. —Telegram not received.
Meridian, Mississippi. -Worms and rust, it is claimed, are
damaging cotton seriously. No rain has fallen all the week;
—
needed.
Clarksdale, Mississippi. The cotton crop is the best for
years.
No rain during the week.
Vicksburg, Mississippi. The weather has been dry all the
week. The thermometer has averaged 83, the highest being
96 and the lowest C8.
Helena, Arkansai. With the exception of one shower the
weather has been fair and cool during the week. The rainfall
reached forty hundredths of an inch. Worms are reported on
many farms and damage is feared. The thermometer has
averaged 76. ranging from 63 to 90.
Little Hock, Arkansas.
The past week has been dry and
very favorable for farmers were it not for the anxiety caused
by cotton worms, which are appearing in many localities. No
material harm has been done, and with the free use of poisons
it is
—
—
I
we
liope to escajie much loss from these pests.
The thermometer has ranged from 61 to 91, averaging 75.
Memphis, Tennessee. Rain fell on Wednesday night to the
extent of eighty-eight hundredths of an inch. Cotton caterpillars have appeared in some sections, but Paris green is being used with satisfactory results.
Crop prospecte are good,
Three new bales received to date.
Average thermometer 77.
—
highest 91, lowest 63.
JVashvilie, Tennessee.
There has been no rain all the week.
The thermometer has averaged 74, the highest being 89 and
the lowest 58.
—
—
Montgomery, Alabama. The weather has been warm and
dry all the week and picking has commenced in earnest.
Worms have appeared in some localities, but poison is being
used timely and freely. The determination of the Farmers'
Alliances to use only cotton bagging, which is yet very scarce,
will retard receipts for a wliile.
The crop, however, is very
good. The thermometer has ranged from 63 to 91, averaging 77.
Mobile, Alabama. Rain has fallen on two days of the
week, the rainfall reaching twenty-four hundredtlis of an
inch. Cotton is developing finely and opening rapidly. Picking is active in some sections. The thermometer has averaged
79, ranging from 66 to 90.
Selma, Alabama. The weather has been dry all the week.
Picking is general and we expect free receipts next week.
Average thermometer 77, highest 90, lowest 64.
Auburn, Alabama. No rain all the week. The thermometer has averaged 78, the liighest being 90 and the lowest 64.
Madison, Florida. Telegram not received.
Columbus, Georgia, Caterpillars are reported to be doing a
great deal of damage.
The week's rainfall has been thirtyseven hundredths of an inch on one day. The thermometer
has averaged 77, ranging from 67 to 89.
«
Savannah, Georgia.— It has rained on two days of the week,
the rainfall reaching eighteen hundi-edths of an inch. Re-
—
—
18881
1887! ^.000
18861 2,000
week
all
new
cotton.
Average thermometer
Since
Jan. 1.
Shipments since January
Oreot
Continent.
Brituin.
Tola'.
Continent.
Britain.
1,
Total.
Calcutta -
33.000
24,000
1889
1888
44.000
60,000
77.001
84,000
Madras—
9.000
5,000
1,000
2,000
10.000
7.000
34.000
19,000
5,000
7,000
39.000
26.000
10.000
8.000
7,000
6,000
17,000
14,000
43.000
41,000
29,000
24.000
72.000
65.000
19,000
13.000
1889
1888
others—
1889
1888
8.000
8,000
27.000
21,000
110,000
84,000
78.000
91.000
188.000
175.000
All
Total all
—
1889
1888
EXPORTS TO EITROPE FROM ALL INDIA.
1889.
Shipments
Europe
This
week.
to all
from —
Bombay
1888.
This
week.
S'nte
Jan. 1.
3.0001,188,000
188,000
4,000
1887.
This
week.
Since
Jan. 1.
1.
other ports.
27.000]
21.000;
811,000i
175,000!
30.000 1.376.000! 25,000
4.000,1,013,000
Totnl.
411
Since
Jan.
986,000
319,000
9,0001
13,000|1,332,000
—
Alexandria Receipts and Shipments. The following are
the receipts and shipments for the past week and for the corresponding week of the previous two years, t
Alexandria, Kaypt,
August
1887-88.
1,000
2,708.000
2.000
2.903,000
This
week.
Exports (bales)—
To Liveniool
To Continent. . .,
1886-87.
1888-89.
21.
Receipts (eantars*)
This week
Since Sept. 1
Since
Sept.
1.
1,000 229,000
1,000 161,000
.
This
week.
2.916,000
Since
Sept.
Since
This
week.
1.
Scot. 1.
1.000265.000
2,000 250.000;
1.000 163.000
1153.000
Tota l Europe
2,000 390.000 3,000413,000 1.0001418,000
* A cantar is 98 pounds.
This statement shows that the receipts for the week ending
Aug. 21 were 1,000 cantars and the sliipments to all Europe
2,000 bales.
Manchester Market. Our report received by cable to-night
from Manchester states that the market is quiet for both
yams and shirtings, the higher prices checking business.
give the prices for to-day below, and leave those for previous
weeks of this and last year for comparison:
1
—
We
1888.
1889.
9H
32« Cap.
d.
rjWT's
d.
s.
®838
aS^s
d.
5 11
5 11
Aug.2 7''8 ^8% 5 11
'•
9 7io,go8Ii,,5 11
" 1618
aS'a 6
'•
26'7''8
" 23i8ii«a8»,,
Ibt.
Shirtings.
Twist.
i6
8.
®7
d.
708
708
1
6^
en
6%
2
6»9
a7
37
«7
«7
d.
6i8
6l8
d.
a7
8U
Hid. 32» Cop.
iwist.
Uplds
17=8
7=8
7»8
7»9
d.
ask
®8l4
lbs.
Shirtings.
e.
5
5
d.
7
7
s.
«7
37
37
37
d.
•aSH 5 7
88'4 5 7
*8>4 5 61436 11
99H 5 6ia96 11
CoU'n
Mid.
Uplds
d.
5!'«
§o'«
rl''
SH
5»I«
76,
highest 87, lowest 64.
Augusta, Georgia.—Tbe past week has been clear and pleasReports from the crop conflict. Caterpillars and rust
are rejMjrted at some points in this section, but the weather lias
been good. While there has been no great advancement in
the condition of the crop since last report, it is generally conant.
Total.
neni.
Shipments for the wetk.
Oreal
—
—
—
ceipts this
This
Week.
1,0001 3,00Ol359.0OO;829,0O0 1,188.000! ft.OOO 1,691,000
4,000' 4,000 209,000,602,000, 811.000 4,(»0 1,278.000
2,000 4.000 361 .000,iJ52.000 1,013.000 3,000 1,445.000
2.000 4.000i3 1,5,000 652,000i 967.000 5.000 1.380.000
2,000
1889
—
—
receipta
Beeeiptt.
1.
OonK-
Oreal
Bi itain
Oontir\
BriCn. nent. Tolal.
—
Columbus, Mis.iissippi. We have no rain all the week. It
is claimed that caterpillars have damaged the top crop very
much. The thermometer has averaged 72, the highest being
88 and the lowest 58.
Shipments nnee Jan.
this week.
Tear] Orea'
—We
est 65.
Movement from all Ports.—The
India Cotton
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to August 22.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEAR».
Jcte Butts, BAOaiNa, &c.— There is a fair demand for
bagging, though the market is not active. Prices are steady,
with sellers quoting 8>^(«10i^c., as to quality. Not much inquiry is reported for jute butts, and only small lots are being
taken.
For paper grades quotations are l-70(al;'4C. and
2(331^0. for bagging qualities.
.
1
;
1
:
1
,
1
7
1
1
1
THE CHRONICLE
246
The
BRITAIN.-Below
EXPORTS OF COTTOS GOODS FROU GREAT
wS^eX exports of cotton yarn, goods. &c.. from Great
June and eiace Ojstober
the month
Britain
S8M»and
1887-85,
[Voh. ZLIX.
rainfall averages are as followa
May.
AprU.
in
1
of
for
Board
as compiled by us from the Bnt.sh
have reduced
It will be noticed that we
Ratn/oU AveroQU.
Dayn
Jialn-
Dayg
fall,
rain.t
rain.'
fall.
rain.
I«s6<fiilr)
IS-Silfal)
M.OM
T4.SSP
ItO,10tl|
Liu.
BS.773
42S.Mai T8.S14
77,379
8«,875
101.881
103,128
94,686
107,838
800,078
809,735
Tdt.
40e,e8T
459,815
Uw.
It*.
7».5a0
Lbt.
l,8»l,3<7!8S3,800
418,S9o|
101,552
'.SMI 76.071
95,7571
77.631
293.458
614,561
18!<5(fuir)
|
1884 (bad)
609,191
98,948|
101.108
83,57a
283,629
2 12.S49 3,802.292 8,744.58u 601,326 680.829
898,190
8US.078
I
1!0«,864
«3.S:«' 23.140^
JalT.
BtookUm and
105.29«l
442.063' 81.7671 80.3751
45^.819
1,888
May,
19.444
SttrmaiMtcr
Avn>9U,
Hi
»
.3
86.0
81.4
881
840 :«»,
M-4
396
91-8
89-3
5S-";
6i-«l
34» 620
810
S;'4
6d'4
87-8
89-6
810
SB-8
4:tj
60-3
MI-.S
M-»l
88-5; •.«.!
6S-7
6-11
70-5
91 'V
91-7
OJ-S' 55»«-4, 5a-9
91-9
47-81
4S'a|
50-5
57S
OS-B
8^-4
|
ri 93-4' 6s-4i 'js-si; 9a-o
70-9,1 91-0 51-8, ll-ill 93-4
610
930
45-9
72-;M 93-S!
S^'
»i-3
44-1
srti
9tS
49'ii
70-2
71-5
72-0
85-8
83-»
61-0
55-1
W2!
40.0! 6:V4
8»-9| 45-1] 660'
8t|-l| 3>-4l 04 l\'
81-ai 84-5| 6.>0
S6-4i «7-7 0;<-4
92-S
90-7
45-7
50-2
56-7
48-3
85'4
8U'4
491
661
92-6
50-6
4.S-3
i3
KSi
75-5
eo-i
63-2
40-rt|
852
86-fi!
83-5 42-0 64-5'
*<-9| 4'-3' 6T-5i
<*-ul 892 fl5-3>
»*-8, 4U-1 64-5
8431 38-D 64'8
mS
r)
i>5-5
1)6-
68-6
69-4
78-5
97-2
6>l'6
72.0
7:-ll
489
80-7
7U-i
1I2-4:
8J-(}I
78-0!
a-iit
91-rt
MV
l<«-4
6i-l)
Si)-
55'5|
72'8
910
59-2
73-S
941
67-u
79-4
40-1
71-t)
«3-6
97-M
97()
»4-2
70-2
81-11
en-.i
81-7
70-6
6yij
71-7
70-2
8-3-5
8'3-4
421
53-1
6770"!
43-4
66-«
8«-l
48-6
63-5
42-71 65-4
3S-8I 63-0
trr-t
380
63-8
as-5
83-9
40-7,
68^
89-7
88-9
90-8
91-4
SirO
B7.9
i
\
96-2
97-4
101 a
M3-3
7*4
78-5
78-n
77-5
95 3
83-7
88-«
44-0' 6S-4
8A-0
A3'2
M-4
44-7
88-5
86-4
643
60-9
88-H
ss-u
VtO
62-61
!>5-3
94'
95-
96-4
I
92-
OJ-Ol 32-5
76-01
940
96-1
93-«
931
B2-8
66-9
70-0
70-3
78-2
75-4
B7-41 75-«
6S-6 74.1
B8-9 74-8
95-4
65-
79-9,
43-7
50-1
90-7; 460
e2-9i 55-3
73-3
U5-8
92-5
95-U
93-3
57-9
eivo
77-4
75:!
80-7
546
67-7
70-4
73-9
71-4
66-8
71-7
61-8
75-»|
48-3:
M-8
91-8
91-9
96-6
»4-7
92-2
49
680
72-7
76-2
7«-9
6M-8
752
e0-5i 7»-5;
M.V7
H6-4
95-1
54-4
74-1
89-3
94-7
97-3
91-8
98-7
47-3
48-8
72-2
55-4
59-8
45-7
873
922 560
68-.'>
94 3
50-7
780
87-1
442
85-21 58-5
87-2
50-3
66-7
68-
83-8
188*
I88S(coad) 84-.3
85-8
»9.7
58-5
80-7
ISSTwoodl
MW(ralr).
61-el
80-61
59-1
sri
84-1
43-0
89-5
53-5
78-5
80"i|
80-4
950
7;f5l
«-3-9!
00-9
S7-1
663
651
48-11
74-5
6»-4
40-5
49-1
M'5
691
.147^
70-1
70-0
78-9
74-4
6971-1
93-8
9^-0
9IV3
70-3
6S-7
69-1
70-2|
71-4
7U-2
80-2
7M-0
79-7
BO-3
lawiK
unOt
.
.
I,
873
51-8
48.8
53-«
49'1
«K-M| 5(>9
83-9
85-7
73-6
Hr.-7
80-0
80-0
81-0
6J-4
Uil
63-5
68-«
806
e2-H
64-3
79-9
63-
991
6e-8
63-4
67-5
81-2
79-S
80-4
81-1
75-6!
BS-0
9«-5
6!•^
64-3
80-6
79-7
7B-1'
«HH
I19-4
8
73-9
77-4
74-3
9^-u
600
80-5
96-(l
94-8
57-5
66-2
801
91-41 60-2 7n0i
93-5 «i-5' 79-5
97-:
B7-4| 81
945
6:f;il
7'i-:ll
98-8
959,
62-:i;
9:1-91
64-7
7H-7
79-7
77-H
62
97-9
82-«
i
54-3
61-8
we
95-3
9«t'U
l(Kl-8
810
5-63
4-58
23
2-97
ISX
8o8
3
B-u'J
lO^i
7 37
3
7-76
15
10
10
810
9
13
1-73
a-4B
4-12
1-82
S-25
2B1
6)4
4>«
sa
11
10
6H
an
4
8H
Ml
8-15
4-13
4-OP
I
14
11
14
12
12
l-i
616
8-34
12
I
li>>«i
7
4-71
3- 9
5-69
12
S-M
7>«
7-«3
17«
287
7>»
5-K9
12
4-84
5-30
10
8 48
315
6
18
4-oU
5-10
1-35
2-«»
5-B3
9
13
5
10
14
14
11
16
12)4
6 43
6
12
11
13
5-17
B-9j
1-93
7-93
4-88
8-37
8
7
3-2*
S-01
5-37
4-24
1-48
lA
703
16
8
IB
5-58
2-68
3-IW
8-23
4-51
4-13
i!«
8-85
2-13
5
10«
S-34
3-90
1-90
5-00
5-78
7-;7
2-90
S-OJ
2-33
8-74
S'2i
5-05
2-57
4-83
1-83
61*
Hi,
8
5
S
9
1-98
7-87
3-93
4-83
812
8
11
7
304
lS«
2-56
402
4-35
12
im
10
10
9
3-OS
6-40
11V4
9
2-99^
g«
5
»
12
5-23
6-01
0-11
7-43
5H
11
9
2
6-23
5-11
3-43
3-77
8-14
2-96
3-41
5-04
)-74
6
9
10
10
8^
8
14
8
IS
7
12
13
ti<*
7
n'4
8-00
9
i^
899
801
1-82
7.>4
II
361
18^5 (fair)
601
0-5-!
6-03
4
18-i4 (bad)
,1^
9
902
507
IIM
igpTUs woras"l)al," "stood" »Qd "fair" foUowlai tUe years given
above mean simply tUat the ag jregate oroi) for the year named was bad
good or fair.
I
1
9S'el 61-ijl
»hi\ 61-9
957
on-7
B7.8
80-4
97!)
7.)-9
tf8-'3
Cotton Crop CiRcrLAE.— Our annual Cotton Crop Revie-w
form on Wednesday, the 11th of
September. Parties desiring the circular in quantities, with
will be ready in circular
should send in
their
Bale.—The first bale of new cotton grown
was received at New Orleans on Tuesday, August
13.
It was raised on the plantation of Mr. R. S. Wilkinson,
Long Point. St. Landry Parish, was consigned to Messrs.
Flower & King, and sold at auction the same day to Mr. J. C.
Bach for 11 cents per pound. Last year the first bale of
Louisiana cotton reached New Orleans on August 3.
Louisiana's First
in Louisiana
Memphis First Bale.—The first bale of the new crop cotton,
season 1888-89, raised in the Memphis district, was received at
Memphis on August 18 by Messrs. Dockery, Wilkinson & Co.,
from E. T. Watson, West Point, Miss. It classed middling,
weighed 4.')1 pounds, and was sold by auction to Messrs.
Crisman & Wormsley at 20 cents per pound. The receipt of
the bale was seven days later than last year.
FmsT Bale of New Florida Cotton.—The
I
-4
79-0
80-8
79-4
82 6
82-7
85-0
"fair' ami "fall" following ihc
Tears xlveu abuvo luoaii 8iin|>lr that tie f4g(5regat« crop
for the year
named waa bad, good, fair or full.
"(fi>od,"
123
139
,
T4XA8.
1880...
56-3
l?f|
12
14
South Carolina's First Arrival.— The first new bale of
upland cotton raised in South Carolina was received at
SOO Charleston on Saturday, August 17, by Messrs. F. W. Wagener
80-2
80-5
& Co. from Col. Mike Brown of Barnwell County. It classed
83-1
good ordinarv, weighed 438 pounds, and was sold to Messrs.
Prioleau & C^. at 10 cents per paund. In 1888 the first bale
8,V6
81-6
reached Charleston Augast 8.
9;V7
as-
13
it^
7-71
5-45
15
80-7
81-1
65-6
9^3 m-i
TCXXESSU
89-0
89.0
86-9
87-1
9ru
63-3! 72-7
53-0
46-4
45-8
15
B-09
5-29
1-23
4-Bl
10-94
6
their business card printed thereon,
774
1
U
288
10
4-18
2-75
S-37
8-88
810
18
8
9 1-3
17
10
orders as soon as possible, to ensure early delivery.
7«S
58-1
S-41
I
6116
5-44
80-4
'8-9
81-1
80-4
BO-8
57-4
Bl-T
64-1
WJ-.!
2«
8
lOVt
8',-3
96-4
94-3
I
606
865
1J«
9-34
4-67
9-70
4-75
6-17
6-38
13
80-7
91-6
90-0
88.7
92-9
98-9
88-8
86-1
423
1-52
6-i5
3-13
4-45
6-91
6
68-3
68-5
63-4
743
etro
89-8
35-8
3V4
2-88
2-30
1-H2
U
692
70-2
71-5
80'u
1884 (bad)..
18
15
404
504
7S-rt
5V-1
49-4;
68'8
7*S
79-2
450
499
81-4
UBS (fair).
9-J2
8-70
0-8
127
J«
!
94-»
48-1
87-8
84'U
88-7
8S-1
9
S
lSt(6(7«lr)
70«
84-1
86-9
83-4
WB (fain.
UM(ba<l)..
2-78
23
16
17>6
188 '(good)
1887(|{OOd)
78-2
77-3
^1-0
7S-7
81-4
65-1
40-7
48-s
84-fl
13
13)4
13-74
6-88
6-48
1-
TEZ4S.
-^
9in
8W4
Wcaur)
9- 66
16
lPi88(good)
62-8
92-3 64-8
92-7 67-3
93-8 689
86-8
86-8
38.6
13
lS8rt(far)
Pi'O
401 621
12
'18
ll»4
1887 (uOod)
77-1
79-8
77-1
80-4
81-31
84'U
11
10
717
18?9
03-4
91-ll|
7-83
Trsnessee.
940
90«
15«'
,4^
8-81)
1S8B
1888(K,)Od)
1887 ((food)
1886(falr)
1885(falr)
1881 (bad)
74-ti
88-5
r4i
Aktansas.
75-fl
87-6!
1-00
I
3
4-33
18SH
1888 (Kood)
1887 Kood)
1H8« fair)
18s5(fair)
1881 (bad)
8«-3
9U'»
41-5; 65-c
4«-3. 6S-9
47-i 689'
8«-7
87-7
9«
18
3S-7 61-»
7U-8 102-Hl Hico
92-0, 8|-7
79-U
76-4
91 9 «40
72-6
OS'S 651
67-8J
80-3
7
2-4
4H
lS81(bad)
Mississippi.
72.6
91-1 581 75-1
881 8«-» 73-3
911-3 56-5 74-0
74-5
8l)'6! 59-1
91-»| 61-2 77-9
87-6| 45-2 8«-8
876 5u-8l TO-O;
6
O-*
188«(fairl
I8S5(fair)
92-3 47-5
95-8 81-5
99-2 62-0
99-2 64-1
93-3 61-9
91-6 D8'9
87-1
'
ttl-U
»H
5
103
l*i8(good)
ls87(KOOd)
710
91'«
4-23
8-89
3 1-3
15
I
78-3,
70-8
73-9
71-8
60-4
74-1
9
16
1'4I
1-97
2-03
1-68
4-Sl
1-47
6-75
2-6S
4-32
5-83
1-93
5-9.4
18S.)
93-8; 60-4:
UK)-6i 51-1
90-71 63-S;
70-01 89S! 61-7'
7»6 88-4 65-1
909
600
6
12
10
11
4-18
18*
«4-2
76-41
5f8
75-3' luO-1 B7-1
73-9! 93-5] 65 3
49-4
9911 6|-7i
8«-8: 85-71 62.7,
81-5 40-3| es-i
8J-6' 4i)-7| aj-ii
60-1
85-3i 8S-I1
HS-7
39-1
73-0
1«S4'
8
H-SS
4-77
7-51
S-25
7
8
15
8
1884 (bad)
m
10
5-5-f
13
10
14
10
4
18r-5(fuir)
^
•<«
S-,S5
8
7
518
403
LoniSIANA.
JuJy.
June.
18
11
9
8^
7«
1885 (fair)
1884 (bad)
2.311
The foregoing shows that there has been exp >rted from ttie
United Kingdom durioj? the ten month< 1,034,612,000 lbs. of
manufactured cotton, Rgainst <,013.313,000 lbs. last yeir, or
an increase of 6,264.000 lbs.
Cotton PBOoaESs and Prospects.— In our editorial col
umns last week we gave a short article showing the progresa of the cotton plant in July and the prospects o
the crop. As of iatereat in connection with our editorial remarks, we have prepared the subjoined tables, which show
the State averages of rainfall and thermometer in April,
May, June and July for eix years (1884 to 1889 inclusive).
The thermometer averages are given first.
Aprtt.
6-23
6-119
s«
5-36
l*i«(«ood)
lH87(Kaod)
l,0S4,fll'-ll.0J8.3t-t
Total foporta cotton manqfaetnreg.
4
10
8- 53
ALAI1A.\1A.
ISSJ
101.M5
19,235
tock*.,
8
7-29
3-24
2-82
lHSi)(f»
Baiuli7 wtlelea
14
10«
1-59
4
7
8
13
,?«
18S4(Dad)
1«3.!»4
S7^866
8-S7
11-39
11
4-eo
3-82
«-06
4-2»
7-37
8
9
13
1889
l»«(ijnort)
iss7(Ko<iai
101.92'!
1
•
»H
603
2-27
1-44
2-39
2-45
1-55
Florida.
93.947
78,152 78,8;62,951 68.339,
880,957
480.880
15
13
8
lH80(liiirl
lS-5lf:i r)
78,502; 89,265
07,993 1.197. 197 1.187.402 117.666 2l5,8lil
1M»ISdqr..| <aM!A,
Total 9 mo*.
1889
18S8(gooi1)
lsa7(K00Il)
lH86<falr)
140,900 144,aM 8,605,136 3.SS).158 473,681 484,938
7-6?
4-28
6-36
6-90
4-30
8-73
6 31
IS
Qkorgia.
101.602
a08.463
I
I.'*S(good)
1887 (good)
18»6(l»lr)
18S5(t»'r)
1884 (bad).
07.776
111.179,
l5w.908Jl.8«5,8U 437.801 g30,U8
n,s8«i M,a8s 4n.ow
«S.«m' S3,<a»l 4«R,«S8
«).»M| «0.fl7J 846.830
3-99
1SS9
[
tSn,*M' 74.190 '?6,4W
83.170
T41
8-51
17
9 2-S
12
7
13
e
rala.
8-99
2-93
«-63
9-18
4-87
0-J4
7-67
3-88
4-48
8-75
»-06
SOHTH CaUOLI.VA.
90.900
42e.g<K)
2-flO
1^84(l)»<l)
1887-8.
1888-9.
a-st
1-44
8-87
8-46
6-60
7-68
5-52
3-59
1S89
l«S8(KO0(t)
l*<7lKOO<l)
lotal of Att.
ISS&S. 1887«.
188T-S.
Jut*.
fall.
N'HTH Carolina.
Clofk.
Maj..
July.
Rain- \Day9
Haiti-
nain- Days]
fall.
iCTnlde returns.
tt>e moTwaent all to pounds.
UM>
V¥U
:
first
bale of
upland cotton of the new crop grown in Florida was shipped
from Jacksonville on August 18, consigned to Messrs. Perkins
& Son, Savannah, Ga. Last year the first bale of Florida
cotton reached Mobile on July 30.
The first bale of short staple upland ever auctioned at
Jacksonville, Fla., was disposed of on Wednesday, August 21,
in front of the Board of Trade building. The cotton was of
fine quality, and was raised by Mr. D. D. Massey, a planter of
Jefferson County. It was sold to Messrs. Kohn. Furchgott &
Co., at 17 cents, and shipped to New York the next day,
I
\
—
—
—
T
..
..
.
.
AUGDST
—A
—
1
1
..
.
Weatheb Record for July .—Belo-iv we
ramT t$rvu>meter[
faU and thermometer record for the month of July and
previous months of this year and the two precedmg years. The VickiburgHighest...
figures are from the records of the Signal Service Bureau,
Lowest ...
Average...
"
except at points vi^here they have no station, and at those BrookhavenUlghest...
points they are from records kept by our own agents.
Lowest
give the
889. 1888.; 1887.
July.
888- 1887.1 1889. 1888- 1S87.
1889.
LowMt...
890 93-1 8»-5
3B0 Sii 81S!
4*0
44-1
Arerage...
55 4
53-0
66-5
84-9
Averaffe...
87-5
37-3
61-7
t8-8
86-7
97-0
aeu
4S-0
5J-9
91-0
31-5
58-S
860
420
08-0
96-5II
55-5 5fl-5l 88-0
73-6' 73-111 77-8
91-0
55-0
72-8
95-8!
83-0
82-0
55-1
91-2 102-8
58-3! 05-3
74-8 80-7
95-0
89-0
67-8
91-0
41-0
68-8
91-0
40-0
87-3
90-9
or9
58-0|
91-0
86-0
Highest...
Lowest....
ATerage...
Oharlottt—
88-0
3i-0
5ro
Highest.... 86-0
91-0I 89-3!
950
Lowest
S.S-3
»2-l
59-4
38-0
70-4
.i>fO
tta-u
Average...
X^'ilson—
Highest...
e3a
1
78-8!
56-B
79-1'
97-0
54-0
71-2
98-0
69-0
77-3
98-5 103-0
62-0 68-0
76-6 80-8
98-0' 101-9
98-r
81-0
78-8
98-8 102-2
60-0| 66-6
77-0 78-9
90-0
080 loro
MJO
82-0
81-0
eoe
aS-o' 87-0
87-0
57-0
78-4
680
80-0
61-0
75-8
93-0
68-0
71-2
71-1
50-4;
70-61
71-2'
55-3
77-0
52-8
76-2
1
1
1
1
1
82-0
94-0
fS-O!
91-0
9J-0
9S-0
Sb'O'
380
3D-I)'
440 480
48-01
61-2
62-41
60-2j
72-1
72-7
74 8
94-0' 96-Oj 99-0
50-0 56-0' 52-0
77-8' 79-7i 81-0
78-0
77-0! 74-ol
35-0, 27-0|
81-0
32-0
63-8
82-0
40-0
63-8
81-0
54-0
"
Bo-0
81-0
43-0
88-1
Lowest
Lowest
3i0
Average... SOU
55-0
5B-1
49-0
72 6
74-B
88-0
84-2
60-0
64-3
75-lj 77-0:
78-7
KS-0
42-0
Bl-0
90-0
90-0
42-0' 52-0
68-0| 70-0
89-0
5»-0
72-0
94-0
4a-o
78-0
90-0
80-0
78-0
91-(i
89-0
48-0
75-0
91-0
88-0
70-0
97-1
8l-i
92-0
68-0
980
79-1
82-0
78-0] 88-0
88-0|| 01-0
04-0
54-0
74-7
92-0
55-0
940
980
97-0l 04-0
!8-<)
70-2; 80-5
90-0
9-1-0
63-0
74-1
89-0
64-3
78-3
92-0
580
95-0
63-0
80-4
97-3 100-0
68-8 81-8
81-8 Sl-8
98-0
61-0
80-0
91-0
64-0
81-0
99-0
59-6
79-4
99-5 lOS-S
83-4 80-0
80-6 8i-a
93-0
07-0
82-0
18-0
86'S
86-8
so-j
97-2
89-4
80-7
99-0
67-8
80-7
95-0
65-0
97-0
70-0
80-5
48-0
89-0
86;0 83-01 9O-0I 87-o! 91-0
«. «i
w|i 60-0 6-i-O 560
86-6' 61-0|| 70-0 6901 79-0
88-0
84-0
420
617
44-I'
330
65-8
80-
«
85-0
90-0
43-0
97-0
80-0
41-0
67-4
47-0
71-8
45-0
74-9
Clirfc.sdale—
960
Lowest
4i0
SS-3
Average...
B3-U
83-a' B2-«'
t«-o
71-0
84-91
86-8
94-7
Statebiirg.—
Highest....
85-3
SJ-4
87-01
4-i-O, 29-5,
e4-4' 51-41
87-0
51-8
72-3
Lowest....
Average..
8»-.;
6a-2'
Aiken—
1
1
Highest....
Lowest....
Average...
440
71-9
55-o!
....1
93-0
9H-0
8'S-O
75-1
74-0
820' fit^
7801 bl-0
1
74-4
....
800
4I-0I
82-0
38-0
61-2
83-1
82-0
48-0
O2-9
82-0
43-0
64-5
81-0
47-0
71-3
98-0
30-0
82 2
89-0
41-0
89-8
68-01 94-0
41-0
69-5
«»C1
78-8
88-0
48-0
66-2
89-8'
38-51
8S-0
44-0
67-8
88-5
43-0
91-0|
89-1
89-0
52-0
71-4
73-01 75-6
78
81-0
49-0
64-5
00-0
87-0
68-0
88-0
86-0
48-0
08-7
96-0
58-0
75-5
90-0
18-0
72-6
96-1
90-0
87-01 89-71 91-31
4'i-O
45-0I 80-0
02-8 85-0 63-8'
90-0
40-0
96-7
88-0
41-0
87-7
91-8
94-Oj 03-2
91-8
800
51-0
72-6
58-0
76-0
57-1
75-8!
S5-0
88-7
010
sq-1
31-81
40
65
370
680
88-9
50-2
70-7
880
.-^8-0
98-0
48-4
99-1
62-0
74-7
88-41 90-5
48-0' 51-0
92-0
50-0
69-a| 73-2
73-0| 76-4
74-5
iAttte
Rock.—
Highest...
Lowest....
Average...
9i-o;
BeletulUlgnest...
Lowest...
Average...
tort SinithUlghest...
Lowest....
Average..
4ro
81-0
70-5
flfl-lll
92-5i
5-1-0
69-1
90-0
81-0
77-0
1
'
68-01
790;
69-8
83-0
41-0
61-8
89-0
43-0
88-0
87-2
38-4
83-Bj
90-0
47-0
88-3
Highest...
81-0
8-2-0
83-4'
88-0
88-0
35-0;
380
84-0
86-8
80-0,
42
86 5
41-0l
52-0
67-3
87-0
51-0
75-0
870
Lowest
Average...
84-0
31-0
61-6
....
90-01
82-0:
90-0
43-0
86-6
88-0
31-0
68-0
90-0
59-0
79-2
90-0
48-0
78-0
9S-O'l00-0'
46-0
79-2
590,
89-1
81-8
74-8
88-7
59-9
75-8
88-0
B8-0
7S-6
89-8
69-0
80-2
87 8
69-4
88-0
57-0
78-7
68-2
79-8
95-4
6U-8
77-1
Hlghest.
1
870
6«-8
81-7
97-9
1030
848;
870
77-1
77-8
79-8
Lowest
0;
40-0
71-0, 74-0
70-11
56-3
78-5
46-.
ei-Bl
72-9
00-61
805
62-3
P7-t
41-f
7S-I
PS-5
43-0
71-2
....
Average...
53-0
99-6
47-0
72-01
7tl-8
lIMtl?!.—
Highest.
96-3 101-5
51-0
68
711-1 78-0
.
Lowest....
Average..
103-3
67-2
80-7
93-9
43-9
73-7
88-0
4B-0
7i-4
99 2 103-2 100-0 ;03-8 103-8
88-0
44-3
68-1
88-7(
07-1:
90-0
39-0
71-0
93-2: 87-0
55-3, 67-1
98-0
0-.4-8
29-2
63-4
43-t
71-1
85-0
S4-0
61-0
84-3| 68-1
39-7; SB-.'S
04- ll 82-7
90-0
41-0
88-0
42-0
Average..
Atlanta.—
Highest...
88-1'
47-8^
BB-8,
890
35-51
63-71
500
83-0'
83-C
45-t
66-0
89-0
46-0
73-0
89-0
85-0
82-0
62-C
89-0
42-0
80-0
91-0
49-0
«u n
..
91-0
38-0
91-0
60-0
660
73
72-3; 74-9
58-3
78-8
88-8
bl-8
66-0
82-1
65-0
78-2
94-5 103-0
75-9
95-0
84-0
78-0
95-8, 99-7
950
.01-8
5-J-l|i
78-9
1
. .
Average..
660
72-0
'
74-8
Savannah.—
65-,S
76-!'
580
T7 8
1
1
Highest..
Lowest
Average...
820,
98-0
1
89-0
59-0
72-5: 72-5
1
9C-8
52-5
600 600
60-0
70
990, 66-
68-0
ao-4
75-0
77-1' 77-1
81-0
7a-i
88-0
86-0
77-0
90-0
52-0
80-U
96-91 96-0
98-0
73-0
83-0
Salveston.
Highest....
Lowest...
Average...
..
.
88-1
63-0
47-0
ee-o
.
5U-0
68-0
91-0
88-0
540
4*0
TS*n
•--
75-0
97-0
....| 67-0
77-0
92-0
52-0
77-0
95-0 101-0
66-0 88-0
78-1 79-7
530
71-0
88-0
71-C
82-0, 81-0
1
84-0
8^-0
03-0
V
W
Average..
42-0
62-0
Vi& \f
\
1
forsTjih.88-0
42-0
Highest...
90-0
4X-0
BB-4, 68-8
Lowest
Average...
540'
5j
62-1
....1
1
97-0 103-0
72-0 73-0
82-0 81-5
95-0
73-0
81-4
i
88-7
87-8
87-0
94-0
930
500
58-5
74-2
87-0
55-0
822
416
670j 70-B
67 3
94-0
4ii-ti
44-0
65-6
1
82-01 81-2
48-0
Average...
L'lke all/'-
B4-0
40-0
Jllghest....
Lowest....
Average...
Hlghost...
Lowest....
Average
..
Ot^bumt' —
Highest....
Lowest....
Average...
45-0
71-9
99-5i
90-0
55-0
78-0
8-2-0
91-0
47-0
74-0
850 790
91-0
82-0
81-8
89-1
88-8
83-3
78-7
91-0
71-0
80-4
90-7
92-1
99-
97-(
45-0
72-8
52-0
76-1
81-0
ta-0
;•;;
92-0
880
55-1
2
8»-8
68-0' 41-0
71-6
6y-5
83-0
46-C
67-3
Average...
80-2
72".!
88-1
87-0
44-0
60-8
88 8
1
Jallahaasee .
SI-9!
89-0
68-0
77-0
680
Highest
77-8
88.7
57-0
74-8
48-0
. .
79-2
8«-5
82-8
73-3
890
Average...
680 883
73-1
72-7
52
70-0
88
880
801
i
614
77-8
80'2i Mi)-K'
9S-8
07-9
80'5
92-0
70-0
80-2
06-0
70 -0
93-0
71-0
93-0
75-0
eo-3
81-
789
93-1
BO-1
78-;
94-8
8S-0
68-0
76-1
91-6
50-0
77-1
81-5
91-0
98-0
66-0
75-4
93-0
70-0
94-0
61-0
78-3
50-ui 57-0
72-2 74-5
826
950
680
71-3
68-0
102-0
63-0
82-2
8-2-0
90-7
5301 8201 54-3
73-4 7t-8 73-&
91-0
71-..
80-8
93-0
:o4-o
65-0
81-7
....
863
79-8
97-0 lOl-O
94-Oi 74-0
77-1,1 70-1
80-9
83-7
90-3
72-5
83-8
91-3
73-5
82-0
9.3-4
99-0
70-0
81-8
91-5 101-5
83-8 8S-S
79-8 82-0
ij
81-4
78-0
65-5" 31-2
69-2
71
87-0
50-0
67-4
84-4
41-9
8i-8
38-8
B8-5! 68-0
88-0
48-0
70-8
88-3
48-6
70-4
91-9
49-3
72-1
91-0; 91-4
88-0
35-0
57-9
88-0I 90-2
37-4! 28-0
9?-0
92-0
990' 98-6
330
38-1
48-0|
58-01
^l*
64-8
93-0
40-0
63-4
89-0
71-4
86-0
50-0
83-0
85-0
66-2
88-0
48-0
67-3
92-0
50-0
74-2
890l 89-0
680
00-0
28-0
63-0
2:
87-2
83-9
;^8-0
520
880
650 838
76-2:
77-7
01-2
67-3
7.'i-6
IOH-0 101-4
3-3-01 60-2
79-4| 79-0
oi-o
61-01 62-01 91-0
75-0' 77-2 78-8
92-o! 92-0
70-0; 81-0
80-0; 76-0
53-0
76-6
Oi
69-
70
98-0
70-0
86-0
1
Highest....
Lowest
1
1
Austin..
Average...
S9-0
090
511-0
88-0
47-0
43-3
820
100-1
58-11
90-5
48-5
73-3
701
68-91 73-2'
31-5
95
0'
1150
7»-8
'
7311 76-5
890; 980 101-5
95-0 101-5
85-01 88-0
82-71 82-3
710
7-2-5
86-0
81-4
84-ol 87.
May.
June.
1889 1888. 188?.
1889 1888 1887.
July.
1
1
BainfaU,
1889
1888 1887.
VIRGINIA.
1889.11888 1887.
1
Norfolk.-
1
Rainfall.in 11-87
Days rain.. 13
4-75
16
5-79
11
2-73
11
10-6S
5-28
5-3$
23
12
14
5-82
14
e-oa
3-06
6-11
u-ic
6-8-
10
13
21
12
6-77
19
8-07
8-81
5-08
8-5(
20
i-ia
7
8-27
12
8-r
1-88
7-48
0-9;
3-37
4-58
8-48
1-94
8
12
17
17
8
CAR'N.4..
Ralnfall.in
2-13
1-10
8-96
4-21
4-41
Darsralu..
12
8
8
iO
9
8-68
12
1-ia
1-92
8-48
8-84
12
14
7
14
2-60
2-39
7
1-81
2-75
5-64
3-84
10-51
9
1
18
IB
0-81
1-74
6-45
6-89
2-78
rain..
3-28
7
8
7
10
15
Mori/antoTi.—
Rainfall.in
2-99
1-76
4-90
7-50
6-6€
98-4 100-3
70
91-1
65-R
6»0 720 62
ZiMiscilleHlghest....
97-0
83-51 64-1
es'O
ai-o
76-2
36-1
701
1
91-3
55-3
81-(
8S-0
49-0
8S-(>[
Lowest
ALABAMA
hellion.Rainfall.in
Days
rain..
1
6
14
;:
10
aharloMeRalnfall.in
Days rain..
fViUon—
Rainfall.in
Days
8
Days rain. 10
3.
7
6-08 13-32
8
15
6
4-4ll|
15
l-6«
10
7-45
8-8!
1-08
11
11
16
10
8
7
18
Days rain.
itateburtt—
Rainfall.in
Days rain.
3-81
7
8-85
11
7-74
11
1
CAROL'
tjkarlestnn—
Rainfall.in
15
5-69
11
8-75
4-25i
7
16
1-82
1
8
45«
13
8-35
',
1
2-36
8-53
0-98
5-82
4-20
e-Oi"
3-14
4-M
6-74
6-00
8
7
9
8
12
15
10
12
IS
14
10
12
1-07
0-83
3-3C
6-8e
8-ab
6-10
12
2-34
2-K
7
6-8S
4-10
4-90
17
9
13
9-28
3-80
6-04
18
10
19
1-79
11
8-83
14-U
IS
1-83
11
8-21
la
82
6
1-78
2-41
1-81
,
6
9
3
Ralnfall.ln
4-10
1-60
5
3
8
1-51
0-91
2-17
1
|1
10
8
6-66
9
10
3-S4
Alken.-
Uontgom'y.—
—
Highest...
87-0
Lowest
41-0
91-4
Average...
87-1
39-7
86-0
sa-e
41-0
68-7
92-C 92-4
44-01 48-S
72-4
85-6' 84-0 8S-S
440 34-01 41-0
6B-o; 60-o! 66-2
Highest...
Lowest
Average...
6<Ima—
92-1
60-1
73-7
W«
UobiU.-
I
91-0
48-0
78-2
93-8 102-0
68-8' 61 6
78-6 79-9
'
97-8 liW-4
87-2 ;0'4
bl-8 79-7
99-0
88-6
68-3
880
79-5
1
85-0
48-0
70-2
88-0
37-0
81-3
88-0
46-0
86-0
48-0
85-0
89-0
18-0
7O-0
91-2
68-4
73-9
85-2
54-0
72-1
1
92-0
50-0
77-0
90-1
83-3
60-0
77-6
626
89-0
58-0
78-0
91-0
91-0
81-6
46-0
78-1
93-0
93-0
70-0
81-2
87-5
Days rain.
aolU(ri6i«.—
Kalnfall.tn
Days rain.
680
8O-0
45-u
B8-0
803
9O-0
71-0
81 -t
97-0
78-0
81-4
96-0
98-0
67-S
80-7
T7-7
Average...
93-0! 66-0
!
82-0'
43-0;
1
60-4
Auhurn—
88-0
59-0
70-0, 73-5
70-
6501 00-0
77-0
77-8
680
788
Auffusta.—
Rainfall.in
Days
82-0
83-0
38-(.
42-0, 89-0
Average...
62-S
67-1
i
64-0
480
91-0
81-0
71-4
740
87-0
680
78-4
B8-0
80-0
720
8O-3
rain.
Rainfall.in
N. UrUans.-
88-01 85-Oi 86-8
90
54-0
48-5
70-21 OBU, 67-9
E6-3
51-C
73-t
B-.-0|
021
73-8
75-2
87-o'
52-0;
87-0'
88-(
50-1
674>
B»-8| 67-6
98-9
51-bI 62-9
75-1
72-J
8S-5' 90-9
C
S'irevepurt.-
85-8
70-0
HO-5
82-0
68-u
75-8
92-.1
912
B8-5
77-3
0^)2
78-3
826
99-5
72-0
81-6
93-0
07-01110-7
99-3!
08 5 103-8
550
820 89
7s-2
80-2
6«'e
80-6
BB-K
81-4
880
75-b
90-5
93-2
72-1
82-1
91-5
67-0
81-8
94-5
7U-5
81 5
8S0
lOj-0
940
68-0
82-5
60O
84-0
73-0
85-3
1
93-1
71 6
1
Highest..
Lowest...
Average..
84-1
48-0
96-2
38
ti
50-8|
85-1 88-5
ul-o! 4S-9
B'JO
7o-«
88
42
90-0
1
i
1
'
1
»U1
89-5
70-1,
2
83S9-S
50-31 85-£
72-o! 74-
80-2
59-3
74-4
90-5
60-2
78-3
88-7
78-3
77-9
93-0
42-0
71-3
80-0
90-0
47-0
77-6
98-0
66-0
92-0
72-0
!
,
(
06-31 83-4
02-4
i
Uighest...
I
1
MISSISS'Pl
Oolumbiu.—
88-0
42-0, 59-0
bS-0 71-5
88-0
4
9S-C
46-Oi 58-0
70-e 78-5
790
•
S*.-6
8
e
;;
rain.
Raintall.lB
Days
rain.
—
1
Figure* for 16'SSan a 1837 «ref or
Ar Cher.
^
86-0
eo-0
77-u
06-0
82-1
79-1
95-0
Bi-0
79-0
7
9
8-6B
7
IS
4-02
3-01
9
U
....
8-97
9
2-18
8
1
2-71
0-87
2
8
2-51
1-31
1-38
'
1
6
1-78 ,10-10
1-02
4-59
1-61
4-02
1-78
S
2-77
5
10
10
10
12
lo
1-7C
5-03
4-71
2-82
9
7
8-161 6-88
8
7
15
11
15
2-06
8-60
9
2-70
11
9-7:1
8
0-36
4
11
10
1-40
1
1-04
8-61
4-20
6-99
4-t6
7
6-19:
1
13
8-83
15
19
(
2-31"
7
0-71
4
2-69 10-78
"
14
1
5-l<-
2-04
8-19
10
8-33 15-61
8
2
9
S
8
1-25
8-05
11
2-05
....
S-90
6
4-96
10
8-1:
7-91
281
3-09
s^;
5
6-91
11
10
11
11
B
14
7
10
4-15
0-61
6-48
7-15
6-SO
8-90
16
14
IS
7-50
18
830
7
2-92
IB
9-68
7
0-00
1-70
4-88
8-65
10-03
18
4-43
7
6-29
2
0-63
6
D
8
U
^1
12
i-sa
7-74
9- IB
3-2»
1-97
6S9
8
H
!!!:
3-74
13
97«
10
7-u8
18
862
7
11
14
6-18
13
8-45
5
U-IS
3-2S
Days rain.
Firii/th.—
Rainfall.in
Days rain.
8
3
8
»
3-32
0-55
3-23
1-98
4
0-9S
9
5
1
1-15
6
Rainfall.in
Sonu. —
S-9t
ji
3
a-9s
4
8
18
l-7«
7-65
6
7
8
18
3-06 la-TO
FLORIDA.
Ja£k3(mvUl^
Rainfall.in
Days
rain.
Oedrtr Key».Ralnfall.li
Days rain.
3-95
8
l-l?! n-nt
8
1
Lakr Citii'Raluiali.li
Days rain.
>-6l
b
4
TilusfUlt-
i
1
Highest..
90-0 90-f 88-C
76-o: 80-01 82-0
90C 100-0 99-0
85-0 34-0 80-0
Lowest...
88-0 44-0 60-0
38( 44-U 820
Average..' 5e-8: e^-Ol 5»-0i' fl3-il BtfO 70-4l> 70-0' 7u0 79-0
7
0-93
Days rain.
1
Uighest..
Lowest...
Average..
i
iat^annah.—
'olumbug.
Rainfall.in
LOUIS'NA
5
1
Atlanta.—
Days
i
Highest...
Lowest
2-77] 1-lS
GBOROIA.
80-4
1
1
Highest...
Lowest
Lowest...
Average..
77-0|
81-0
80-6
Wilmingfn-
Highest...
Lowest....
Average...
CMUtr KeyB.~
Highest...
.
Average..
S.
Jacks&nvUU.
Average..
UberlylliU-
ijowest....
80-0
67-0
78-0
87-0
81-0
FLORIDA.
Qr'd CoteauHlghest...
5'
aiv
Amil.
—
91-01
55
82-0
930
1
82-o: 85-0
99-81
5-1-8
79-0
firt Elliot—
951 102-0
731 72-0
92-0; 92-0
71-4
Columbut.—
Highest.
Lowest....
Average...
Borne.—
Highest...
97-0
ee-o
81-0
1
93-6
—
83-3
83-5
80-5
93-8
48-6
71-9
99C
90-7
43-0
68-4
«|
79-7
TEXAS.
Highest...
92
77-8
ishwood.-
...
Augusta.—
87-0
37-0
96-0
el'Ol 05-0
830
780
1
—
P^ilestine.—
Highest...
e7-g
78-4
rKNNBS'B.
58-8! 61-8
OEORQIA.
Lowest
64-0
n
84-0
85-0
33-0
1
87-5
S8-0
61-7
Lowest
Average..
00-5
7001 70-0
ARKANS'S
Average..
81-5
79-3
,
ColumbiaHighest.,..
98-0
5-.J-0
S8-0
0:
80-8: 70-9
.'•8-0
Lowest
925
99-0
52-0
76-2
....Uoi-c
86-1
BB-l]
93-9!
09-8
6a0i 67-4
78-2 77-3
89-0
52-0
87-0
45-0
71-8
89
85-0;
43-0,
B7-1,
88-4
813
i
flaahville.-
1
41-2,
3»o'
91-2
48-9
74-6
55-1
72-7
97-0 100-0
71-0 88-0
80-0 780
94-8
88-0:
80-0
82-0
95-0
51-0
73-0
88-F
88-1
45-6
69-7
i
0»a
9901 85-3
i
97-0'
1
Highest...
85-o! 91-0
'
52-0
74-9
Hemphis.—
Hlgliest...
.
581
71-7
78'9
Charlenton.—
Lowest
6i)-0
70-1
920
690
e.CAROL'A
.
4S0
820
Highest....
1
Average...
ijorsanton —
Highest...
.—
93o!
92-8' 97-s'l 91-0
J
Average...
95-9 100-0
68-8 86-S
75-5 80-9
94-0
45-0
81-0
52-0
70-8
98-8
62-8
93-S
50-5
73-8
87-6
47-0
art
83-S
BO-7
89-9
Weldon.—
Lowest
88-0
44-0
87-0
Average...
Hlgheat. ..
Lowest....
Lowest
83-0
43-0
Lowest
WilminaUm-
Lowest
4i-8
B8-7
i88s.|iaeT.
90-9
LtlanA—
90-0
49-5
87-9
N.CAU'LA.
Lowest.
48-0
86-8
m».
1-—
-1
1
92-0' 89-0
630
1
90-0
—
8S9.ll888.|t887
-1
^
July.
1
98-0
42-8
69-8
Average...
Qreenvllle-
Average...
"
1
93-0
WV
«50
Highest....
June.
'
.
—
1889.11888. 18871
.88-0
Lowest
May.
1889.11888. I8ST.
VIKQINIA.
^~~
"~*-~
June.
Lowest
Attril.
1888. 18S8. 11887.
1
Norfolk.Uigheit.
May.
Highest....
1
1
(
247
.dprf).
j
1
i
_a
1
THE CHRONICLE.
24, 1889.]
Tlurmomeier'
—
1
1
Ralnfail.ln
Days rain.
lallahtiinee—
Kalnfall,l^
2-01
Days lain
3
8
8-^0'
1
1
080
1
5-10
5
4
1
5
11
8
0-88
19
0.79, 2-04
3-18
Si-5il
1
U
i
1
1
:
8
2-80 10-40
2
1
11
14
8-18
18
8
5-8.-^
528
8-00
11
13
lu
8-2-i
11-08
18
19
8-8
8
16
12
18
1
16
w
411 9-10
u
11
S»
11
.
.
ITIE CHRONICLE.
248
^priL
l»«. 18W.|1887.
l888.;iW8.|l8e7
WW. WW.
18B7.
4-88
8'8I
9
Salur.
1889.11888.11887.
axjlbaha.
nSSaaMUn
7
7
rae
Kmlnfkll.lD
4
lUlatelMn
area
Dftyt rain..
i
Kalnrmll.ln
»-7»
966
10
18
81
6-98
890
4-79
4-10
4-11
16
9
8
5
8
4-38
!1
1-93I
1
r47 I'W
4-5S 21-09
4-4» 0-44
4
«
1-Sii
O'Se 18-66
8-84
8-78
8-71
ft-30
U
8
8
7-88
909
9
14
13
11
21
8-lft
7-97
3-94
4-0(r
3-49
8
14
1«
11
4-85
lU
10
8-90
18
8
3-78
18
16
4
1-87
RalnMl.ln 9-m
Dkti nin.. V
4S1
»9I
10
6
!«•
0-38
18
18
11
l-TS
RalDfall.lD
Dajrs rmln..
LOL'18'ANA
KtwOrtfam-
8
8-58
15
8-88
9
»*7
ft
20
I-ITI 9-78
8-70 8-44
18
7
1'77
0-81
8
Ralnfdl.ln
U
4tM
0-88
1-48
8
8
4
6-73
8-88
2-08
13
4-28
10
7-85
2-97
11
9-13
3-85
80
10
863
1-89
.11
8
4-30
10
IS
6-08 10-8S
14
7
7
S-S)
8
8-i*
riM
rain..
l-OB
8
IUlBfmll.lD
4-90
11
8-80
7-41
8
6
i
18
ft
•1
11-3.-'
5-64
11
13
11-15
14
I
OMmUiM.—
Balnfall.li
Days rmln.
yiclta6uro.—
«
rain..
1-80
1-8C
0-80
s
BalBfmll.ln
6
0-75
7
i-ic
rain..
8-41
*
9
8
1-88
7-18
5-40
11
9-83
3'9S
13
e-20
8-U
6«<
18
11
19
804
8
4-11
17
6-80
3-30
3-80
3-80
1-80
9-20
10
12
8
8
9
7
17
SlU
8-74
4-50
0-00
6
12
11
ft
S-IO
14
.
DovlaGl'sg'w.d.
Havre, steam
e.
H
4-9S
11
8-76
5
1-80
4
rain..
3-64
7
6
6-9T
11
6-03
4
l-VSi 1-91
Ralnfmll.ln
CIturudaU—
atnfalljn
Days rain.
9
4
ft
8-80
S-Sl
10
9-68
11
10
4
8
4-4S
4-80
l-4«
RalnfalMr
Daya rain.
0-98
7
6-85
14
.
Balnfall.li
Days rmln.
3-1)0
0-49
4
iniii
8
10
8
3 a:
7
1-83
784
V
10
I
«-»7
8-09
6-03
801
7-26
2-20
»
9
16
13
16
14
8-61
4S8 084
1-JS
8-08
707
e-o-i
1-29
12
12
13
4
8
9
k-
Kalnfall.li
Days rmln
TK.SNKS'B.
8-31
4-7(
«'61
O-ff!
a
14
17
2-80
7
r87
10
14
1
3-78
10
7
4-03
13
3-22
5-43
13
8
404
4-31
10
8
lift
e
6
8
S-15
8-TS
1-66
ft
rain..
6-33
16
4-68
It
2-31
14
14
7-39
IS
4-32
16
7
;i-48
2-74
104
4-77
2-l'.i
IV
19
10
Balnrmll.lo
Days rmln..
Austin—
i BalnfalMr
Days rmln.
3-43
17
8-17
402
2-80
«
11
10
a-tti
....
2-83
ft
8-86
8-H
8-3^
11
7
7
8
10
6-83
15
H
9-02
331
12
11
1-S9
5-78
9
12
TKXA8.
Do
Days rain..
PaUttine—
2
6-78
7-00
12
11
14
06
8
s-i«
7
8
6-161 a-ti
4-01
6-6S
0-74
8
8
3
4-88
4-84
0-72
8-3i
Ralnfall.ln
b-28
0-75
1-64
1-(12
8
0-18
9
684
1-81
S-13
4
Days rain..
rortEUiotBalnfalMi
Days rmln..
3
6
10
2-57
701
1-34
2-38
ha
h»
Trieste, steam. . .d.
4
rmin..
0-88
2-50
11
5
8
4
hi'
6.«
Antwerp, steam d.
* Per 100 lbs.
TuE Export's of Cotton from New York this week show an
increase compared with last week, the total reaching 14,133
bales, against 6,095 bales last week.
Below we give our
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. 1, 1888, and in the last
column the total for the same period of the previans vear.
EXPOBTS OF COTTON (BALES) FROM NEW VORK 8I.N0E SEIT l", 1888.
Ending-
ircf/,
Aug.
Aug.
Aug.
15.
22.
8.
Same
Total
since
Aug.
period
previous
Sept. 1.
year.
6,387] 5,715
4,404 13,206
594,442;
141,8351
5'.;9,195
6,887; 5,715
LlTeri)ool
Other British ports.
4,404 13,206
736,277;
626,870
Havre
97,6S1
1,211
722
51'
60,665
43,652
826
1,211
722
617
60,665,
44,005
626
203
110
314
355
"ibo'
73
109
194
42.334
73,119
113,733
10,720
69,442
114,876
826,
396
669
303
229,186
201,038
63
200
100
57
50
18,081
18,984
300,
107
37,005
826
Other French ports..
353
1
^
Total French
Bremen
Hamburg...
.
Sp'n.Op'to, Gibr,, &c.
All other
ToiAi- Spain, &c..
.1
:.|
63
Grand Total
8,539
6,095 14,133 1,063,193
',335
8
rain..
188:1
6-SO
4-00
15
a-21
1150
1-36
York, Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1888,
317
ft
0-80
11
4
8
9
5-87
6-12
«
I
and
NBW VOBK.
11
13
TIt<i
15
1-60,
8
«
UM are for Arcber.
1
I
3
i
New
Total bale$.
I.lTerpool, per steamers City of
York, 990
Kiiuie, l,854....Ciille, 1,269 ...Eiriiria, 21
2,059
Ptolemy, 702
Simin,
1,909... Teutomc, l.SSG
13,206
To Havrt-, ptr steaiuei- Lu Clinmpagne, 517
517
To Iliiiiiliiii'i', pir smaiiier Bohruim, 109
109
To.Antwerp, per sleniiier Bel»:eulaiKl, 194
194
To liari-tloiiii, per steniner BritHOuia, 57
57
ToCmirMl Aineika, pf i- cteaiuer Newport, 50
50
OKLK.iNi^— To Liverpool, per steamers Actor, 1,051
CouuKcllur, 1,058
'
2 109
To Havre, per stramerl'arls, 1,089
'
l'o89
'
B08T0N— To LlvtriHiol, per steamers Bulgarian, 512
Wiohlgall, 103
I'avoula, 1
»_
gjg
Kbw
Total.
17,947
The
particulars of these shipments, arranged in our usual
fonn, are as follows:
LiverBam- Ant- Baree- CciU.
poof.
Bavre. burg, tcerp. luna. Amer.
Total
Maw York
13,206
517
109
194
57
50 14,13.3
v. Orieaos
2,1(9 1-089
3,193
Boatoo
616 ...... ...... ..,.. ...... .....a
616
15,931
Itotal
365
85
117
Florida
109
194
57
50 17,947
this week of vessels carrying
States ports, bringing our data down to
1,006
Below we add the clearances
13
30. CaroPfl.
.•Jo.Carol'a.
Virginia...
2
Liverpool
1
l.ui
rpool-August
10-8teamer Oranmore
Biirrowiiiore,
.
To IluttiTduiii- Ai,gu»t Ill-Steamer Alliano, 100.
ToLiiniM AMtfii.-t 14— -Steamer
,315
miLAM iiii,v-Tii l.iveiiiool-Augiist 13— Steamer Ohio. Ill
AU^'llsI '.U—>t(«llllT
1,01(1 (jOU^ll,
.
folio j^s:
Sept.l
Sinet
Stvt.l.
68,108
10,461
228.
2.661
133,161
Ac
reon.,
Coreign....
1,S85
15
199
This yoai
8,584
44,569
300,940
103.686
368
850
41.686
16
50,458
600
66.186
731 1.551.659
T.tvn-itp
165,8(8
4.874
1,400
507,682
16
I07,5':8
850
22.031 1.511,257
.
2,722
549,617
630
es.oiol
803
fl^o
•»r»T.
293,783
246,570
(
tag statement of the week's sales, stocks, &c. at that port.
Aug.
Sales of the
week
bales
Of whioh exporters toolE
Of whivta spuculatoratook...
Sales American
A. utual
export
Forwarded
Total stock— Estimated
Of which American
—Estlm'd
week
OI whioh American
mount aUoat
Of whioh American
Total Import of the
At4g. 9.
2.
58,000
9,000
6.000
38,000
6,000
43,000
645,000
397,000
31,000
7,000
50,000
19,000
40,000
1.000
3,000
30,000
5.000
37,000
621,000
378,000
20,000
12,000
43,000
12.000
Aug. 16.
61,000
5,00(1
.
3,000
40,00€
lO.COC
61,000
569,00C
333,000
10,000
10,000
31,000
12.000!
64,000
7,000
4,000
43,000
4,000
59,000
520,000
292,000
15,00a
8,OOo
38,00o
15.00
The tone of the Liverpool market for spots and futures each
day of the week ending Aug. 33, and the daily closing prices
of spot cotton, have been as follows:
Saturday Monday. Tuesday.
Spot.
'
.Moderate
Mld.Upl'ds.
Sales
Spec,
& exp.
638
7,000
1,500
9,000
1,500
Wednes. Thurtd'y,
Moderate
Fully
demand, malnt'ned
6J3
67,6
lyiday.
Fair
business
doing.
Moderate
demand.
61s
6h
12,000
2,000
8,000
1,000
10,000
1,500
8,000
1,000
Blasy at
2.64 de-
Steady
at an
advance.
658
Futures.
.-steady
Market,
2:30p,m.
at, Steady
partially
1-84 adv.
ai
,
1.84 ad-
1
vauce.
I
Cotton freights the past week have been as
j
..,.
tendency.] demand.
—
.— .stiMimci
12,782
157,163
43,104
126,123
IIarden*iz
August 12 -Steamer Kansas, 202.. AULTistlG....August 20-Bt«amers Istrlau,
To Yaruiouih- August 16— Steamer Yarmouth, 115
T^.
loeek.
This
week.
Since
'
06,188
62
cotton from United
the lateHt dates:
H«w Obi.Ka.nh— To I.hcrpool-Augiist 10-8teamor Caribbean. 102
Steamcr Bamarlu,
TMl
Scpt.l.
327,810
371,433
371,417
Sorthn pt»
Last year
HiiKO.
2.3.'>(i
N. Orleane.
Since
Thit
wetk.
Mobile
t laappre.:lable.
_ York—To
amw
Sept.l.
rexaa
Savannah
3-93! 0-951
7
Since
BALTIMOBS.
PHILADELPH'A
Boston,
R<e«pt>
SaiPPiNQ News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
17,i>47 bales.
So far as the Southern ports are coi cerned. these
8tf« the sarue exports reported by telegraph and published in
the Chronicle hu-t Friday. With regard to New York we
include the manifests of all yessels cleared up to Thursday.
City of
at
New
9
b
11
6-67
Flmirea tor
.Vntriist
»S2
»33
vitek.
1-47
Kalnfall.ln
XLTIHUUK
"32'
Bucelona,steam d.
Genoa, steam .. .d.
8
iluriln-
0«TO»-To
*83
d.
4-39
6-fO
12
8-96
8-«y, 8
8
»
OUburne-^
BalnfalMn
(iiiiilii,
*32
d.
sail
The Following are the Uross Receipts of Cotton
1-40
Kalnfall.lL
'
40*
*3a
40*
Do via Loudon.r<.
2-33
10
OtUcesfon.—
Days
10'
40*
3-30
7
4-16
•18
a
40*
40*
Tot. to No. Europe
AMhuood—
Days
^'
Amst'd'm, steam. e.
Other ports
12
2-801 2-83
11
14
16
8-34
2-28
11
238
3-43
11
8-97
7
8-47
11
Kalnfall.ln
Days
4-18!
»
5-0(;
10
883
Uamfall.li
9 16
"18
hi'
1-74
7-69
13
KathriOt.—
Days rainMemvki$.—
•18
vlaLeltb.d,
Hamburg, steam.c.
Do via London. cf,
Tot, to Gt. Bwt'n.
Rock.-
Bdnu—
Fort
•10
e.
.
Do
Exported to—
ABK'NSAS
IMtU
c.
Bremen, steam
I
Dars
sail
9
5-41
7
Fri.
=8
Do
8
14
TKurt.
"16
2-91
3
806
8-38
Wednet.
ha
5-08
6
4-08
BalBfalUn 9-«0 1-m
I
Dart ram.. s
0-20
18
6-SO
8
5
3-ss
Balnfan.ln
8-89
10
1-48 8-50
s
TuM.
ifon.
Liverpool, steam tf.
Rsval, steam
V*T* rmln..
LUnrtyUai-
Days
7-80
ft
8
Dan
18
ft
e
Obti
18
4
t>«Tii rmln..
MISSIS'PI.
8^
17
0-70
17
040
1-8S
s
r&ln..
B-IB
8-80
ft
4-01
4
118
3-M
DannlD..
1-88
[Vol. XL12«
July,
Jun<.
.V.1V.
JUbCaO.
Vtjt
!
Market,
4
p. M.
)
5
Steady.
Steady
at
partially
154
Steady.
dec.
Firm.
oline.
Barely
Bteaay.
Npar.
st'g,
Steady.
distant,
steady.
I
. .
.
a
.
AuacST
:
THE CHRONICLE
24, 1889.J
The opening, highest, lovf est and closing prices of futures at
Liverpool for each day are given belovr. Prices are on the
basis of Uplands, LowMiddling clause, unless otherwise stated.
IT* Tlit prica are given in pence and 0^.t^s
5 63-6i(l., and 6 01 meant 6 1-61<L
tliui:
5 63 means
249
FLOUR.
$2 00»*2 «0 iSouthern coin.oxtnvi. l»3 00» 8 80
2 lOa 'J 80 ScmUHMii bakern' and
3 10
family britudi
Burlng wheat outran. 2 70
4 00a BOO
Mliin. clear and flira't. 3 50» 5 00 Itye flour, Buperliuo.. 2 7ft» 3 00
Fine
WiiitcrBlilpp'Kextras. 3 00'<» 3 50
2 23»2 50
V
Pine
Bupertlne
'»''l
WliiterXXandXXX. 3 00a
40»
4
lit.
TuM., Auk.
'iO.
Com meal-
iSO
r>
70
Patents
Mod., Auk.
Abk. ir.
Sat.,
4
Boutlicrn supers ......
2 40« 2 80
Western,
itc
,
Brandy wine
009 2 70
2
2
75»— —
GRAIN.
0pm
Bith Lou. Clo: Open
aiot
Hi»?>
Op*n Htgh Lou.
Clot.
Wheat—
c.
Spring, per bush...
i.
d.
d.
d.
d.
d.
8 26
A\ISUSt
Ang.-Sept.. eub
Beptomber 8 25
6 26
6 20
6 32
6 99
am
6 26
6 25
620
(t25
85
6 99
8ept.-0ot... 5 81
5 61
5 41
5 42
5 40
6 40
5 40
561
9«1
6 29
6 29
5 62
5 47
5 47
5 48
5 41
5 40
6 42
6 40
6 40
6 42
5 41
5 41
5 49
5 43
5 42
5 42
5 48
5 42
5 41
5 41
6
5
5
5
6 40
6 41
5 49
5 41
d.
5«7
Oet.-NoT.
NoT.-Dec... 5 41
Dec-Jan..
Jan.-Feb...
a 40
5 99
Feb.-Uarch S40
5 30
5 40
8 25
d.
d.
6 32
8 84
6 36
6 34
6 36
«31 6 29 6 31
031 6 29 6 81
5 83 5 69 SAJ
631
6 36
6:4
6.S6
Sprluj? No. 2
Ked winter No. 2
Eed winter
6 31
6 36
6 00
6 50
6 34
5 63
e:i4
White
5 44
8 43
5 43
541
Wedne*., Auz.vil. Tbur*., Auk.
Open High Low.
Clot.
34
A 34
6 34
5 62
632 6 32
6 31
6 31
5 60
6 39
6 39
6 33
6 37
6 33
6 S3
B«l
5fl0
6 37
5 69
6 48
5 43
5 40
5 46
6 34
8ept.-Oot.. 5 62
O0t.-N0T... 5 47
NoT.-Dec... S41
Dec-Jan... S4U
Jan. -Feb... 5 40
Feb. -March 5 40
5 40
B40
6S4 6 {8 8 34 6 38
5 47
6 45
5 47
541 541
6 36
5 39
539
538
B37
5 41
5 39
5 39
6 33
5 60
6 45
5 39
5 88
5 33
5 39
5 37
S39
5 37
5 39
5 89
5 39
6 42
5 42
5 42
6 00
5 50
5 44
5 43
5 41
5 43
Kt\„ Auk. ii
83
60
80
Corn-
0.
9
9
»
9
9
Com — West'n mixed. 43% «
85
Western yellow
44
0.
western
^ bn.
State and Jersey ..
Oats -.Mixed
88
90
44
6 37
6 37
5 62
6 47
541
6 89
5 39
BS9
d.
d.
d.
»43 6 43 8 43
549 6 43 S42
6 41 541 5 40
5 40
5 40
5 40
5 40
6 43
«42 643
6 00
5 48
6 42
6 49
6 00
600
6 48
5 4S
6 41
5 41
5 40
6 40
4513
,•.3
White
No. 2 mixed
No. 2 white
a
27
28
29
52
5*
24
33
a
26%
9
30
Exports op Brbadstcffs for Joly, 18S9.—The following, made up from the statement issued by the Bureau of
Statistics, shows the exports of domestic breadstuffs from the
undermentioned customs districts of the United States for
the month of July (the first month of the Government's
year) in 1889 and 1888:
July.
Brtadttufft Exportt,
1888,
43
6
6
6
6
5
5
5
6 42
0.
45
Western white
Rye-
mixed No. 2.
Weftt'n
d.
d.
634
September
6 43
5 49
..
75
Clo.
d.
li.
ABK.-Sopt.. 6 34
49
43
42
42
5 42
d.
d.
i.
Aagust
'i-i.
563
d.
Optn Hith Low. CiM. Open BiQh Low.
d.
d.
5 49
5 43
5 42
5 42
5 42
d.
liu'ntitiei
43
43
00
43
49
41
Barlev,
Value.
(iu'ntities
Value.
busK
NsvTark
Boston
Philadelphia
Baltimore
fiew Orleans
P«c. cast, dists.*.
Other cus.dlats.t.
28
20
rotal, barley
23,290
43
73
7
47,5111
'31,724
'
ie.irfd
47,032
23,326
31,760
16,143
S,038.S<4
B6S,470
421.071
1,349.495
617.1)1)1
218,749
4 17,'; 29
939,213
313.792
DI,3U9
HH.Vtl
337.357
4.213
491,200
646,486
189.834
28,285
38,744
Corn, bush.
New York
Boston
BREADSTUFF S.
Philadelphia.
Baltimore
New Orleans
Fkid.1t, p. M., Augnst 23, 1889.
Flour has generally been quiet, and prices hare declined in
sympathy with a fall in wheat. An advance in the rates for
ocean freight has tended to check European business. Buyers
purchase as little as possible, whether for export or home
markets, and this fact has a more or less depressing effect.
To-day there was a fair business at easy prices.
Whfat has sold to a moderate extent for export, while the
speculation has been small, and prices have declined. Wet
weather in England has had a tendency to advance prices at
times, but it has been offset at other times by fine weather
in this country and
gradually
increasing movea
ment of the crop, more especially toward the seaboard,
the receipts at interior markets not being very large. It has
been to a large extent a weather market, that is, being governed maioly by weather reports from Europe or the West,
though increased estimates of the yield in France and more
favorable crop reports from Germany had more or less effect.
To-day the market was dull and lower owing to a decline
abroad, favorable weather in this country and in the United
Kingdom and larger receipts at the West.
sen.sui
is^-vo:)
Pac, oust, dista.*.
S.I.I4
1,4«2
Other cus.dists.t.
l,0la,t)5S
SW>,3V2
8X2».42t)
2,830,571
l.-^.flSO
44,533
23,185
Total, corn
Oom-nual.
2,229,07
192,»e'«
3,293
268,825
l,267,4.'i2
bblt.
New Tori
Boston
Philadelphia
Baltimore
New Orleans
Pac. cust. dists.*..
Other CUB. diets. -».
8,6t5
1.039
44
12.SIa
8,921
88,911
20,440
2,424
;:09
118
4
4,240
Total, corn-meal
Oats, bush.
29,538
New York
15,5D}^
22.185
6,04;
12.465
5,178
254
150
4.421
2,172
12.601
4a7
215
in
29
e3,5»U
61,168
22,654
11,838
87.53(1
129,801
40,78^
51,878
Boston
297,792
031,718
6,538
23.92U
Philadelphia
Bultlmure
New Orleans
Pac. cust. dists.*..
387,800
11,634
Boston
Philadelphia
Baltimore
,
NewOrleuna
Pac. GUBt. dists.*.
Other cus.dists.t.
Total, oats
Oatmeal,
NewYork
11
lbs.
-.,712
45
152,900
4,314
144
8,800,
2
247
140
4,500
1,823,638
42,S5U
159,2^2
188,355
97,051
IS8.355
97,004
1,018,824
919,270
8
Other cua.dlsts.-t-..
Total, oatmeal...
Rye, bush.
NewYork
Boston
Philadelphia.
Baltimore
New Orleans.
..
.
Pac. cust. dtsts.*.
DAII.T CLOSraO PBICES
8at.
September dollTery
October ilelivpry
c.
o.
c.
o.
o.
OF HO. 2 BED WIBTEK WHEAT.
Hon. Tuet.
Wed.
Thurt,
ha
Si's
84
84"4
8514
84^
85%
Si's
SS^b
SB's
87«i
91'a
84^
84
Si's
Other cus.dists.t.
Fri.
SB's
8419
85'4
Novembtr delivery
80%
85^4
SS's
December deli very
8738
87
87
SG'o
SHig
January delivery
SSig
8713
SS'e
88
gisg
May, 1800, nellvery....o. 92%
91=14
91»g
91'4
Corn has shown no very marked changes, though the tendency has been slightly downward. Tne visible supply on
Monday showed an increase of 1,088,635 bushels. At times
cold weather in the corn belt has strengthened prices a little,
but the export demand has been smaller here, and receipts
moreover hive gradually increased and are shortly expected
to be materially larger. The Wtst has been selling here to
some extent, but the speculation, like the foreign business, has
been quite moderate. To-day prices were lower in sympathy
with the market at Chicago, where the receipts were large
with still larger arrivals predicted for next week. The
weather in the corn belt was reported favorable.
DAILT CLOSIHQ PKIOBS OF NO. 2 MIXED COWS.
Sal.
Uon.
Tue*.
Wed.
Thurt. m.
Beptomber delivery
October delivery
0.
c.
c.
c.
dS's
44i«
44^6
4358
43Si
4359
433i
WH
43:f,
43''8
43%
43i>8
43
43%
November delivery
41
44
4378
43>3
43%
December delivery
41
43%
43%
4378
43^8
43%
Oats have been fairly active. The via^ible supply increased
994, Ob6 bushels, and with rapidly increa ing receipts here and
at the Wtst, the turn of prices has been downward. To day
prices were lower, partly in sympathy with those for corn,
and partly by reason of liberal receipts here, and some pressure to sell. Rye has been dull and depressed.
DAILT OLOBIKO PRICES OF NO. 2 MIXED OATS.
Bal.
Mon.
Tuet.
Wed. Thurt.
Beptember delivery
October delivery
c.
26>9
0.
2(;'3
2GI4
26I4
20%
26%
26'4
20'4
November delivery
o.
27
20%
20%
26%
29ij
MaydeUvery
•.;i)%
0.
29%
29^4
The following are the closing quotations;
F)i.
2tii8
25''8
26%
25'8
26>a
2668
i:9%
29
306
rye
Wheat, bush.
IVrtal,
New York
Boston
300
1,285,801
1,169,244
,
Philadelphia.
Baltimore
New Orleans
80,487
351,404
54,290
303,461
402.340
2.000
813,554
2,ijeo
450
4(6
Pac. cust. dists.*.
1,449.181
I,lCi).378
1,438.112
1,183,717
Other cus.dists.t.
389,950
298,161
250,3'58
219,030
3,241,395
2,729,383
3,372,823
2,900,(60
278.398
1,176.705
7I9,K09
216.888
Total, wheat
Wheat-Jlaur, bbu
NewYork
325.619
100.32H
22.432
Boston
Philadelphia
Baltimore
.Sew Orleans
Pac. cust. dists.*..
2o;,nn
1.4&'<,
aiv.
97,
1.076,
2.09,-
10,
I28.1:l9
497,
242,
other cus.dists.t.,
62.001
Total.wheat-flo'r.,
838,798
3.982.597
144.411
51.02
171.773
2.200
127,091
37.514
810.419
8S;(,035
10.818
4t'9,072
183,107
3,640,091
Ibtots.
NewYork
3.911,269
Baltimore
New Orleans
1,670.942
430,782
2,923,628
934,573
S9U.443
1,225,524
204,218
Pac.
cu-sl. dists.*.
1,711,443
1,«;.5,(.68
other cus.dists.t.
953,098
Boston
84».«'
Philadelphia.
279.780
Oraqd
9,806,950
total.
861,998
7,904,45
• Value of exports from Pacific districts for the month of J uly, 1839
Oregon, OroKoii
fI>*,3lS
VfiUamette, Oregon
$35,838
4,2ill
Puuetsound.Wash'n Terrify.
l,65it,08U
San Francisco, California
11,711,443
Total
t Value of exports from other customs districts for the month of July, 1880
Braxos, Texas
»3,S06 Milwaukee, Wis
»30 ,460
Chicago, III
4,280
487,741 New Uaven, Conn
lletrolt, MichiKiin
19.388
81,888 Newport News. V»
76,»I6
Duluth, .Minn
170,305 KlchmODd, V»
;
I
.
Uuron, Michigan
Miaml.ODio
52,328
41,500
I
Total
~»983,09«
NOTB.— This statement includea about 98 per cent of the envtre exports of the
articles named from all ports of the counlrr.
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange.
first give the receipts at Westera lake and river ports, arranged 80 as to present the com<
We
:
.
THE CHRONICLE.
250
paraUve movement for the week ending Aug.
unoe AuAust 1, for each of the last three years:
lU-tHtat-
nmr.
Otm.
irwat.
OaU.
',2.TJ\
MilwxukM...
Dalaita
MinneapuUs.
Toledo
DMfOlt.. . .
6l0.7tlS
S.aOl.tSl
1.648.817
83.1JW
B4,oea
16A.70O
li.aiO
lOO.OOO
S.TVT
blankets, carpets, shawls and skirts were jobbed in liberal
(jiiantities, and a good business in soft wool and worsted fab-
was done by agents and jobbers alike.
DoMesTio Cotton Goods. The exports of cotton goods
from this port for the week ending August 30 were 2,439
brics
Barltv-
BV4
Ou.56ltl'
6S.140
8.063
4,ltiO
9,100
14,tJS
1889.
New York
»,74«
KHJ&»
«.7»1
SOT.dOl
S.OCO
45.084
12,0«l
ia,SOB
4S0.59J
4,«38
49
8:,5M
102 000
3,0X1
1,100
Week, SinetJan.
a,vM.n8
8,101.447
'"io.l28
ak.-IM.
3,VS3.0S9
1,H«.U04
Efl.rei
110,770
wk.-87.
M7.«W
a,4ti.sit
I,4<)0.W»4
S82.05i>
40,936
0,887.611
91.06S
so.rsi
401,319
107
.
Groat Britain
Other Kuropean. ............
aos,7a8
Bioet Aut.
6.801
10»9
«»•«
OOO.WS
8,!>18.06»
lit.Ill.260
TSCIM
9,TSt.27J
5.314.540
3,81 1.593
188»-7
•itajm
7,469.128
8.U11.471)
6,801.788
236,878
147.933
several seaboard ports for the weei
eniinK Aug. 17, 1889, are shown in the annexed Btatement.
The exports from the
flour.
BhU.
Biih.
New York
425.740
7,906
783,176
198,953
71,018
30,787
Monti*, al.
73,872
Pblli«.lel
17..500
342,191
28.-00
10.230
101,563
OaU.
B-uh.
26,598
15,863
Bl/t,
Buth.
10,743
loii'n
3.571
51.<02
Boston ..
Portland
Biiliiurre
onus.
323.001
108,400
18S8...
3,664
20,97J
*
176,329
42,461
16,743
24,637
799,560
1.57,400
242
6,237
16,717
grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Aug. 17, 1889:
Barley
Oatt,
Rye,
Com,
Wheat,
butH.
bu»h.
bv$h.
bntk.
bulk.
In store al—
3,253
21,079
Kew York
558 839
74,350 436.315
....
102,f.00
79.100
110.000
Do atloat.
OuO
51.100
35,000
21.000
Albany
...•
5,981
06.775
17,108
128.085
Buffalo
1,312,712
...
10,178
Chicago
2,008.176 2,680,179 2 ,356,055 370,371
208,es0
21,884
47,644
93,165
Hllwankee. ..
1,080
193.008
564,^70
1,050
'£7,056
49.380
Toledo
857.410
50,827
522
8.033
5,757
Detroit
139.908
32,516
40,0Oti
40,0»i0
120.000
•OaweKo
928.K85
12,294
1.433
375.802 174,148
Bt. Louis
....
Afloat
87.421
69,481
21,000
ClndcnaU...
50.000
'tiiobo
47,606
22.056
82.438
53.321
720
Boston
102,573
173.074
Toronto
91.740
30.587
..•
3H.110
Montreal
366.262
16.378
28,331
Philadelphia.
359,085
175.28'.J
177.827
Peoria
32.851
13,170 115,013
81,010
28,349
....
India uapolLs
900
1.58.E47
16.137
39,.'i37
Kan.-aB Cltj-. ....
127,1:6
41,180
0,293
554. '.'Oft
Baltimore....
40,382
213,837
10,507
Miuneaimlla.
2,561, 1«9
118,000
St. Paul.. ...
180.000
176,S91
On Mississippi...
177.5i5
78;C35
1,50.-.,910 1,075,432
On lakes
878,059
50.700
On canal & tl vcr. 1,536,000 1,002.400
80,400
6S,900
Tot. Aug. 17, 89. 14,220,531 8,027,' 00 4,998.210
Toi. Aug. 10. •89 13.370.008 6,038,42.5 4,003.754
T'<t.Anp. 18, 88. 26.263.305 8,239,741 ,-573,432
Tit, AUK'. 20. •87. 31,998,603 6,103.143 4,437,001
TOL Aug. 21 '86 30,820,852 10,931.910 3.116.377
B.57,580
807,562
195.863
.300,5H6
1700,015
New Yobe. Friday P. M., August 23, 1889.
There was a buoyant feeling in all departments of the
jobbing trafle the past week, and a very satisfactory business
was (lime by all such houses as keep abreast with the time-s.
Retailers froin the West and South were largely represented
in the market, and their joint purcliases reached an important agitreg.'ite amount, though buyers were somewhat coaservative in their operations. Business in commission and
importing circles was rather irregular, but there was a freer
demand
some
sorts of fall goods— a pretty sure
indication that sticks in the hands of distributers are nearing
the replenishing j.oint. The Wauregan Mills in Rhode Island
have suspended payment and some small woolen mills have
failed, but thes:) disasters have not materially affected the
distributing branches of the trade, in which there is a very
confident and hopeful feeling in regard to the fall business.
DoMtsric WooLKN Goods.— The demand for men's-wear
wooh'ns was hardly up to expectations, and yet some very
fair orders were placed for spring descriptions for later de1 ivery, and
the recent failures of a number of small mills
have not adversely affected prices. Manufacturers of clothing
woolens are running their machinery to a great extent on
orders only. There is conse<iuently no"raat«jial accumulation
of goods in the hands of selling agents, and desirable fabrics
are generally stea^ly at current quotations. Light-weight
worBleds, cassimerrs, serges and cheviots are well sold ahead,
and stocks of heavy worsteds and cassimeres in first hands
are much smaller than usual. Cloakinga were in fair request,
and there was a moderate business in stockinets. Sitinets were
fairly active in movement, but jeans remain quiet. Flannels,
for
"98
117
119
453
27
2,439
Total
94,467
33,926
2,062
2,600
128,393
4,662
3,2-19
22,493
1,565
97,086
25,429
123,115
points direct.
New York
,
exports since January 1 have
been to,6U,759 in 1889, against |.5,906,373 in 1888.
There was a fair demand for plain and colored cottons at
first hands, and a good steady business was done in jobbing
Coarse yarn brown sheetings ruled quiet and in buycircles.
ers' favor, but fine yarn goods were in steady request by job-
and
converters,
and
are
prices
steady.
lienerally
Bleached shirtings, wide sheetings, cotton flannels and corset
jeans were in fairly gocxl demand by package buyers, but
colored cottons have not displayed much animation. Print
cloths were in fair demand, and the market closed easy on the
basis of 35^c. for 64x618 and 3}4c. for 56x603.
1888.
1880.
1887A%ig.iO.
Auq. \B.
12,000
None.
None.
None.
Aug. 17.
Slock of Print Olotht—
Held bv Providence manul'cra. 170,000
Fall River manutacturers ... 10,000
None.
Providence speculators
None.
Outside speculators (est)
1886.
Auq. 21.
162,000
157,000
72.000
90,000
8'8,00O
37,000
98,000
25,000
12,000
481,000 248,000
180,000
Total stock (pieces)
Prints and ginghams were fairly active, and there was a
steady business in table damasks, quilts and white goods.
Foreign Dry Goods were in moderate demand at first
hands, and a very fair distribution of various descriptions
was made by jobbers. As in the case of domestio goois,
buyers of foreign fabrics are cautious in their purchases; still
a fairly liberal provision for the early fall trade is being
made. Prices of imported goods remain firm here and at the
sources of supply abroad.
luiportatton* of Dry Goods.
The importations of dry goods at this port for the week
ending Aug. 22, 1889, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows:
H f
otal
1
nt'd
s
P?
S
K
Silk
Silk
Flax
Flax...
Misoellan
Cotton
Wool..
for
o
p
...
t
a s
..
8
g:
.
1
:
1
S
O
:
;
;
I
.
;
1
1
:
1
(dV
M>4
;
CSMtDMOS
cD<ia^toti^
3QD
o
n
t>>
V
c
to
3
\
:
:
;
rn
c.
o
-.1
o<i
M
-im
to-i
^
to
a
to
Ifc?-
M M"-'K
O «o CO o to
yi 00 ^ M 00
CO to
o to
•- o
Ol O
(T)
c;i
•c^
WM
tCCT
tC
CA
05
to to
-si
>•
'X.
70
'_i
01
EH
Ol
01 1-
0*01
-tO« — 00
CDr-
owe
Ctoaitoy
h-f-*
((*.
o
n
n
n
00 -J
(10 'jD
Vi
a
l-<l
#>to
w"
ON
to
(OW
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g?
*^
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H-
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COit^MOO
if*-J<I<IO
OSOi
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to'-"
(0
10
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to*.
COM
tCM
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i
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M
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U
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r-
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cj.
OQ 00
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MMtitOVl
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00 w»- *- <no
"totooioo
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——
i)^pt.M.4a
oow
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00
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no
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cji
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?
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d »OCd
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^
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w
i 00
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en 05 -» CD CD
^
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^
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i
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p
CD
li*
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tOM<lCOCO
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O'ii'Oli-' li
tOfcO:^MCl
M-JIXOCCJO
en
ai
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:i
H
§
10
o
1
:
:
to
Q*
CO
1
t
S
ODIO
CCCO
tOtOtOifr-O
00 1»> ifk. <1 00
o
:
a
n
a
01 *-
50
tOW^CCK.
Mo: >*«'-'
E
:
;
01
p
-JO-
1-**.
M
CO
H-*..^y;tO
tDtDOStOOS
*-o.
t
WC«>»MM
^*
W
tfk.
eooiano-co
Oil-
'O
to
tn
a
»-<!
3
to
:
to
R
rf*
-v]
10
to
*
to
O 1OlOtr-QOW
w___rf^to
00
'
:
tOl>-
ti
01
&9M
C09>
aih
O-J
C
^:
g:
i
^
01 CO Ui to M
C 10 CO 10
tOtvKGDCO
OiH
-JM
*-«
-IW
CO
^
j
icweototo
CitO
m r** CCMOOOO
-g to to to »
H
1^
v>
-1
01 H-
ZJf
•
^\
S
0'
0
1
Cotton
...
!^:
g
:
l|
Maiiufact
Total
at
c
THE DRY GOODS TRADE.
15
500
25,175
1,878
..........
.
Prom New England mill
350.001
414,021
145,501
153,486
413,845
This week'8 not received.
108
32
033
94
623
03
Total
China, via Vancouver
<rn
Oswego— Last week's stocks.
102
31
.........
............
,
Other couuirles
bers
534
957,502 1,531,913
748.564
1.
2,711
1,756
S5.077
5,908
9,555
2.617
9,222
3,533
2,439
Mexico
The value of the
The visible supply of
re-oriler
2
Africa
Peas.
Butli.
N.Niws..
Blcbm'd
Tot.wet'k.
8'uie time
1.
4,111
3.889
3.058
9.680
2,451
3,904
1,316
India
"
Com.
17
53
Clilna.
Central America
1.
WheaL
Week. SitieeJan.
6.679
1,278
31,764
"~84,012
IIM.TST
£»0.>W4
Tot.wk.'W.
1888.
1
20.
600
083,403
43,900
P«orU
•
to Ado.
11,013
V.019
.
N.
—
packages, valued at $137,335, their destination being to the
points specified in the table below
sw.aao
a7.014
s.i'W
Oltraland. ..
Bt. LODU...
Stm*
•IB*
and
BlMlk4MU.
Bbll.tWiu Biu».e«Utf ButKStIb
Cklawo
17, 1889.
[Vol. XLIX.
a
*-•
s"
5
?
03
QO
CP
@FedFRASER