Full text of Commercial and Financial Chronicle : August 27, 1887, Vol. 45, No. 1157 [Copy 1]

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HUNT'S

MERCHANTS’

REPRESENTING THE INDUSTRIAL

AND

MAGAZINE,
INTERESTS OP THE UNITED STATES,

COMMERCIAL

Week

CONTENTS.
THE CHRONICLE.

Clearing House Returns

THE

.

BANKERS

change, U. States Securities,

since January 1, 1887
267
Prices of Inactive Bouds
2o8
Local Securities
269
Railroad Earnings
270
Investment and Railroad News 271

Bonds
265

Range in Prices at the New
266

Pr

boles.)

(913.888;
(.si^.ooo;

bushels.)

(25,924,900)

(22,842,000)

(1,433,715]
(200,500]
(48,315,000;
(37,764,000)

69,003,787
4,359,5oC
1,296,544
1,230,852

08,050,770
3,912,90(1
1,270,002
1,019.431

bbls.)

videnne

Hartford
New Haven
Port land
Worcester

831.040

879,752
545,765

Springfleld
Lowell

For One Year (including postagt)
For six Mouths
do.

.

6

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Annual subscription in London (including postage)
do

six Mos.

do

do

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11 28
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WILLIAM
M

JOHN G

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B.

DANA.

FLOYD.

^1

WILLI An

«t. DA m A & Co., Publishers,
102 William Street, N M W YORK.
Post Office Box 958.

CLEARINO

There lias been

HOUSE

RETURNS.

however, more than accounted for at New York, the remain¬
ing cities exhibiting a gain of $8,098,332. The decrease at
New York from preceding weeks is, of course, mainly due to
the absence of anything like activity in speculative circles; in
fact, so far as stock speculation is concerned the total number
of shares dealt in during the week under review is much
smaller, with one exception, than for any week .since
September of last year.
In comparison with the similar period of 1886 six cities
record losses, the falling off being heaviest at New York—17 *G
per cent, while at Galveston it reaches 11*9 per cent, Wor¬
cester 3*4, Cincinnati 37, Philadelphia 2*6 and Portland 1'5
per cent.
On the other hand at many points there are
Important gains, notably Wichita 8P8 per cent, St. Joseph
73-6, Denver 637, San Francisco 607, Peoria 537, Omaha
41*2 and Kansas City 41 per cent.
Carrying the comparison
back to 1885 an excess in favor of the present year of about
two per cent is disclosed.
Operations on the New York Stock Exchange for the week
embrace a market value of $50,544,000, which contrasts with
$91,048,000 for the similar period a year ago. Pursuing our
usual method of deducting two-and-a-half times these values
from the New York totals, leaves as the exchanges arising
through other business $379,147,702 and $385,902,804 respec¬
tively in the two years, or a loss of 1*7 per cent.




30-3)

(1,054,193]

(+17*1)

(302,800
(37,444,390

(

(-40-3)

| (-39-5)

(17,468,000) (-63-4)

+7-2
+0-1

66.850,724
4.522.500
1,319,287
1,458,263
855,658
781,541
944,044
020,316

+1-4

+10-0
+1-6
+20*7
—1*5
-3*4

-15-9

(- -19-7)
(--18-7)
(+24'0

—1*3

40-9
-110

444-2
+P1
+20-6

+34-1
+24-1

77,295,339

+2-1

77,358,933

+0-3

-2-0

Pittsburg

54,052,725
7.000,922

Bali imore

11,010,991

11,004,481

+23-6
+01

49.011,046
9,235,653
11,004,533

-121
+S70
-47

72,992,206

72,724,128

+0*4

09,251,232

-6-5

54,488,140
9,254,150
3,712,300
3,737,390
1,008.341
3,099,265
2,085.440
1,106,152
2,807,250
3,238,957
2,2^2,696
3,882,e3l
498,833
010,558
1,234,102
237,005

49,784.585
9,554,550!
3,410.219J
2,920,752

+9-5
-3-1
4-8-2

52.175,490
8,990,300
3,130,755

+20

-r-8-0

3,894.503

-f-30-0

1,090,218
2,803,603

92,406,503

82,110,330

+ 12-5

89,014,573

+7-4

10,940,3* 2
1,000,83a

15.041.405j

+12-7

H -19*3

922,073
4,054,900
3.884,272
4,754,758
788,338

19.050,468
1,133,215

+11-3
4-24*9
4-41-0
4-9-7

Cincinnati
Milwaukee
Detroit

..

Indianapolis
Cleveland
Columbus
Peoria
Omaha

Minneapolis
Denver
St. Paul
Grand Ilupids
Wichita

Topeka*
Total Western
St. Louis
St. Joseph
New Orleans
Louisville
Kansas City

4,515,128

Memphis

4,849,80m
0,700,481
865,008
730,720

4-27*3

1,933,980
721,230
1,987,772

+7-8
+53-4
-r4i-2

8.090,495

+4-4

1,390,850
2,949,590
372,039
330,319

+03-4

Outside New York..

.

4-30-7

+34-1
-t-84'8

4-736

+0-2
-26-3
-38-2
-22*2
-31-7
-42"3
-561

1,946,332
1,044,825

2,801.050
3,405,965
2,160,009
3,695,974
535,572
6' >7,319
1,704,259
271,7*15

-

-

-

j-25‘2
-18-4
833-9

+283
+149-1

-

-53'7

4,448,018

+11-0

5.070,390

j-43-3

7,405.960

-81-9

-25-3
-454

+10-2

30,648,707j

4-19-5

39,821.350

+22-7

19,360,579

12,071,099'

100-4

10,783.929

4 25-7

805,836,051

888,378.533

9-3

807,002,402

-95

“300,328.349

2 74.855.66tf

4-9-3! 292,230,017

+4-4

830,1 "9
360,832

-11-9

30,624,O?9

404.230

San Francisco

*

1,182,942!

2.435.00 li

-91

980,492
509,932
502,809

...

Galveston
Norfolk

further

slight decline in the volume of
exchanges, the total for the week ended August 20 recording
a loss from the previous week of $1,166,351. This falling olf is,
a

*
1
514,772,385

78,938,912

England...

Total Southern
•

!p* Cent.

1887.

53,243.636
8,737,639

Total New

Chicago

:
$10 20

-17-0

803,530
86- *,030
820.805 !
514,659

791.072

Total Middle

Subscription—Payable in Advance

P. Cent

shares.)

Philadelphia

£hc Chronicle.

1880.

*
013,522,864

Boston

GAZETTE.

Prices of Active Bonds at N. Y.
Stock Exchange, and Range

York Stock Exchange

(Stocks
(Cotton
(•train
(Petroleum

Week Eud'g A ug. 13.

Ending Aug. 20.

$
505,507.702

New York
Sales of—

Commercial and Miscellaneous
News
263

Money Market, Foreign Ex¬
Stare and Railroad
and Stocks

1887.

Weekly Railroad Earnings
260
imports and Exports for July. 2el
Monetary and
Commercial
English News
261

253

The Financial Situation
254
The St. Paul & Manitoba Rail¬
road
257
Diversion of Trade
258
New YTotk Grain Receipts and
Trunk Line Earnings.
259

Terms of

NO. L157.

SATURDAY, AUGUST 27, 1887.

VOL. 45.

-

|

+409

Not included in totals.

exchanges for the five days as received by

The returns of

telegraph this evening exhibit a small loss from the corres¬
ponding period of last week, and, contrasted with the five
days of 1886, the aggregate for the seven cities records a
loss of 1-5 per cent.
Our estimate for the full week ended
August 27 indicates a gain over a year ago of about 4*9 per
Messrs. R. G. Dun & Co. report the number of failures
cent.
for the week ended to-night (August 26) as 185 (153 in the
United States and 32 in Canada), against 161 last week and
201 for the

same

time

a

year ago.
Week Ending A ug.

Returns bg

Week End'g Aug. 20.

27.

Telegraph.
1887.

*
418,042,021
Sales of .Stock (shares)....

(1,*190,782)

Boston

52.359,001
42,273,351

Philadelphia

New Orleans

P. Cent.

—4-0

$
420,850,22 i

(+43-2)
+ 124

(744,093)
57,577,148

100
-14-2

43,681,84s
9,140.783

$

438,682,079
(700,160)
46,570,136

45,474.058

+7-3

-0-4

14,678,52 4
3,980,592

+17-3

('01,401,175
118,678.201

-11-0

+7-2

588,003,495

132,461,007

105,280,389

+240

694,283,884
72,473,430

+2*5

766,757,320

For the full Meek,

-4-3

+ 1L2

579.251,779

*

+ 1-2

37,883,000
12,545,190
3,258,814

Total. 5 days.

Total week, all

—10-3

(—37 5)

42,115,705
12,500,379
3.492,323

Estimated 1 day
Total full week.....

P. Cent.

7,868,339

-l 5

Balance Country*

1887.

39,888,429
9,175,247

Baltimore

St. Louis

1886.

711,712,840
92,500,188
804,273,034

based

on

-21

+ 109

-12-5

-11-9

+27'7

719,079,376
90,102,201

+ 49

809 1 81,677

-93

last week’s returns.

+181

THE

254

CHRONICLE.
the

THE FINANCIAL SITUATION.

same rate

material

has been bid for time

loans

on

first-class stock

collateral

having 60 days to eight months to run, but
there are very few loans of that character effected,
those
made
being taken principally by the life
insurance companies.
Our city banks are doing little
except for their customers, and mainly for merchants,
the demand from that quarter being urgent.
The Secre¬
tary of the Treasury received proposals on Wednesday
for the sale to the Government of $7,148,900 of 4J per
cent bonds, out of which he accepted $3,138,400 at 107 -97
to 109.

About 2 millions of the bonds taken

were

offered

conditions

heretofore

as

balance

FOREIGN- TRADE MOVEMENT

OF THE UNITED

!

Year.

Exports

1SS7.
Jan
Feb

March..

April...
May
....

43,836
47,957
49,385

Excess

IlH-

Exports.
! ports.

*

Silver.

1

ImportsJ.of

f

71,534
5-1,777
05,317
47,508

STATES—(000s omitted.)

Gold.

Merchandise.
.

no

trade

reported. The
is, however, somewhat less than for the
previous three months, and yet on the merchandise move¬
ment it reaches $7,1 10,000. The figures for the last seven
months of this year and the totals for the same months
of the three previous years are as follows.
same

adverse

change in money the past
week, except a little increase of caution as well as activity
subsequent to the failure referred to below. On call, as
represented by bankers’ balances, the range has been from
10 to
per cent ;
per cent, with the average about
the higher rate was on Thursday, and only one loan was
made at it, the price being bid up for effect on the stock
maiket.
Renewals at the close are at 6 per cent.
Tne
There has been

[Vol, XLV.

$

51,95) 19,583
59,150 *4,379
02,894
2,428
03,581 •fOOl 3
58.000 *15430
01.232 *13875
50,49c *7,110

'

„

|

ex-

|

ports.

1

$
3,536

f
029

Excess

Imports.
$
2,907
+1,533

141

1,677

578

2,445

11,807

320

1,404

+1,105

904

[

297.

007

505

020;

2,170

4'■8

+115
1,088

|;

Ex¬

ports.

Im¬

' ports.

$
1,915

2,351
1,054
2,647

1,925j

1,748}

8

1,194
1,332
1,218
1,417
1,384

Excess

of Ex¬
ports.

$
721

1,019
430

1,230
541

982

700

1,830

071

7,650
522 14,247 8,803
1887. 379,774 413,975 *34201
4,977 39,9191 *-34,912 1 5.245 8,890
1886. 380,410 3S4,244 ♦3.834
+051 19,985 1 0.249
1885. 382,088 330,137 51,951
7,885| 8,539
1SS4. 398,125 387,882 1 0.243 10 «40 39,839 +28,993 15.439 7.572

5,384

June.

July

..

....

2.007 j

8.172]

*

Excess of imports.

.

6,349
9,730
7,807

t Excess of exports.

by no means satisfactory. But we are
inclined to think that the amount which has been settled
These results

are

by New York parties and to that extent therefore the for by the actual sales of securities is greater than the
pajment will add to the cash of the New Y'ork banks.
general estimate, and that less of the balance than we
The cable on Wednesday reported discounts of 60 days have heretofore supposed stands in the shape of tempo¬
to .3 months bank bills in London at 3 per cent, there rary loans in London. To be sure the total debt according
being some expectation of an advance in the Bank mini to the above is large. For the last four months the aggre¬
mum; but when it was decided on the following day to gate is about $51,000,000 and if were to add the customary
10 millions a month for freight, under valuations, &c., the
make no change, the maiket rate fel1 off to 2J per cent.
A reason for the decision not to change the rate was that net unsettled balance for those four months would be say
Or perhaps the situation will be made
exchange at New York did not permit further importa¬ 91 millions.
tions of gold from London.
Should sterling fall off so clearer by comparing the trade movement for the whole
as to admit of a renewal
of imports, the presumption is seven months with the same months of previous years.
that there would be an advance in the official minimum. We have given in the closing lines of above table the
A special cable to us states that the reported loss of £ 162, - totals for four years, and the results stated there are in
0 00 of bullion this week by the Bank of England was made brief as follows.
For 1884 the merchandise movement showed a net
up by a receipt of £48,000 from the interior of Great
Britain and by an export of £210,000.
Of this export balance in our favor of $10,243,000, or including silver
£160,0(0 was withdrawn for New York. The Bank of of $18,110,000, and yet for the seven months we exported
F:ance reports a decrease this week of £257,000 of gold, all net $28,993,000 of gold.
For 1885 the merchandise movement showed a net in
of •which we have reason to believe was shipped to the
United States.
By cable we have the announcement of our favor of $51,951,000, or including silver of $61,687,the introduction on Wednesday of the 5 per cent gold
000, and yet we exported net $651,000 gold.
For 1S86 the merchandise movement showed a net
loan of the Argentine Republic for $10,291,000 on the
Berlin Bourses.
Drafts against this loan are understood against us of $3,834,000, or including silver a net in our
to have been alieady made to a iarge extent by a new fa vor of $2,515,000, and yet we exported net $34,942,000
Bank in Buenos Ayres, which will probably account for of gold.
For 1887 the merchandise movement showed a net
tie stijmenis of bullion during recent weeks from Lon¬
don to the Argentine Republic.
.against us of $34,201,000 or including silver $28,817,000,
but in face of that fact we imported a net of $522,000 of gold.
Our foreign exchange market was quiet, with an irregu
This recital is sufficient to indicate the remarkable
lar tendency early in the week, long sterling being heavy
and short him in consequence of the gradual hardening nature of the present trade situation and gold movement,
of the open market rate for discounts in London.
On and shows plainly enough that there must have been in
Wednesday the.price of sterling was adjusted so as to 1887 a very much larger transfer of securities either per¬
meet this change in discounts, and the long rate was manent or temporary than duiing either of the other
reduced half act-nt; and at the same time some of the years named to make it possible.
But is there not good
bankers advanced the sight rate half a cent. * Tnis move¬ reason to suppose that in the seven months of this year
ment, ten.} oiauly at least, stopped imports of gold from the amount of bonds that have been permanently placed
London, but Continental exchange remained at a point in Europe is beyond previous years and even beyond
Scarcely a week passes without
sufficiently low to justify a movement from Paris. Con. the general estimate?
sideiable difficulty is experienced in obtaining gold from some successful negotiation coming to light; as illustra.
teat centre, the Bank of France interposing obstacles by tive we have this week the 4 million of bonds issued by
putting a premium upon bars and full weight coin. Still the company formed in connection with the stock combi¬
there have been withdrawals from the Bank, for shipment nation controlling the Georgia Central Railroad.
In
to New York, as noted above.
The arrivals of gold since truth, from certain known facts it is a fair presumption
that a large portion of the money raised for carrying on
our last have been $672,000 :n francs and $315,000 from
Lend.on ; and there are still afloat $2,000,000, and pos¬ the railroad extensions now in progress has been thus
secured. Besides that, there is always in prosperous times a
sibly more.
Mr. Switzler of the Bureau of Statistics has this week steady flow of older issues to Europe, and the decline which
issued the foreign trade figures for July and they show has^taken place in bonds andjstocks of good properties has,




-

August

because of
them

THE

27, I3b7.]
the

more

increased

attractive

to

net

CHKONICLE.

income

they afford, made sumption. Here
investors, causing the usual out these facts.

255
are

Mr. Jones’ figures, arranged to bring

r

investment current

to

Great Britain and the continent to

be

especially large. Hence, although the trade situation
is so out of harmony with the conditions of the
foreign
exchange market and of the gold import movement now
in progress to New York, these
suggestions furnish
reason we
think for believing that our adverse trade
balance has been very largely offset by securities taken in
a

permanent way.
Another failure in Wail

Street

attended

by

an

offer

$20,000 bonds of the East & West
(which sold at the Exchange not
long sines at 109.) down to 65 without finding a buyer,
ha3 had a further unsettling effect.
These bonds, of
which $1,700,000 are
outstanding, have formed in part
collateral for loans; and though the higher
price was
believed to some extent to be
artificial, this utter
collapse coming after the other similar catastrophes
in

of

Alabama

Manhattan,

Cincinnati

Hamilton &

Dayton,

Cotton

Jan. 1 to July 31.

Anthracite Coal.
1887.

1886.

1885.

!

1887.

1886.

1885..

Tons.

Tons.

Tons.

i

Stock

beginning

of period

Tons.

Tons.

800,534

700,736 ;

Tons.

Production

2,761,024

2,433,348

Totul

3,562,158
704.101

3,134 084

2,858,057

2,428,604

simply^.

St’k end of period

Consumption

.

It will be noted

“under the rule ”of

Railroad

1

July.

j110,037,352

3,383,160
734.700 1

705,480

in

582,163 i
372,282
754,545
874,681
2,801,'06 18,665,070 16,956,724 15.502,323
704.101

17,711,269 16,377,00®
705.480
734,700

2,648,469! \ 18.333,251 17.005,789'15,642,309

the first

place that though stocks
beginning of the year, when
they were quite small, yet as compared with the corre¬
sponding period of either of the two years preceding very
little change is shown, the figures now
being 704,101 tons,
against 705,480 tons in 1886, and 734,700 tons in 1885.
But the most important feature, as
already stated, is the
steady increase in consumption, year by year. In July
of last year transient causes had made the
consumption
show a decrease, but this decrease has been much more
are

much heavier than at the

than recovered the present
year, so

that the 1887 aggre¬
the occurrence a prominence which gate is greater not only than in
1886, but over 200,000
of itself if did not really deserve. S till, these
disclosures, tons heavier than in 1885. Stated in exact
figures, the
and especially the uncovering
of the fictitious character apparent consumption in July, 1887, was
2,858,057 tons,
of exchange values, and similar revelations with
regard against 2,428,604 tons in 1886, and 2,648,469 tons in
to wheat, &c.. bear a common mark.
Even Governments 1885. Wnen we
examine the figures for the
year to date,
seem to have been held
up in such a way that the simple this progress in
consumption appears even more strikingly.
refusal of the Treasury to accept certain bids knocks 2
Thus for the seven months to the end of J
uly the total
pcint3 out of the quotation. Prices so far as there is stands at
18,333,251 tons the present year, against
no basis
for them in the present or probable future
17,005,789 tons in 1886, and only 15,612,309 tons in
could not be supported long,
no matter how much money 1885.
In other words, as compared with last
year, there
the banks held;
Further illustration of this statement is has
been an increase of 1,327,462 Jons, and as
compared
seen in the San Francisco
affair, where, if common report with two years ago an iacrease of
2,690,912 tons.
can be relied
upon, a combination of the leading capi¬
There is nothing specially new to be said about railroad
talists of that Scat© with the Bank of Nevada as its
earnings. There are new figures and new returns of
center and unnumbered millions at their
command, could course, but they show no change in the general character
not together support the
speculative fabric their fancy had of the results, being almost all quite favorable. Just at
created.
We have had too much
currency, that is the the moment a few decreases are
appearing, but they seem
trouble, not too little, and liquidation is
simply draining to have no special significance, as they cm ii most cases
off the absolutely fictitious in values which floated in on
be traced to special
_and transient circumstances such as
the flood.
For the time being the good and bad suffer an
unfavorable grain movement, and the
general average
together; but. though our foreign trade is not satisfactory, of gain is about the same as heretofore. As
repeatedly
commercial affairs are still apparently
prospering, while pointed out, Southern roads as a class are
doing better
in large railroad earnings an! bank
clearings we have than those of any other section. Tne E vst Tennessee has
important evidences of material development. Hence this week issued a statement of its income for the
year
as this turn has
come after so short a
spurt, it seems as ended June 3 \ 1337, and the following will show how
if the contracting and
weeding process ought to be a short the result compares with that of the five years
preceding.
cue too.
Oil Trusts, &c

,

gave

The anthracite coal trade appears to
progress.

be making fair

The output for the month of December has

this

week been fixed at
tons

3,250,090 tons, which is over 350,000
greater than the restricted production of a year ago

(2,396,472 tons—the allotment had been only 2,750,000
tons), but about the same as in September. 1335, when
the amount mined

in
a

3,259,183 tons. Wnen the advance
prices wa3 made the 1st of August, it was stated that
was

further advance the 1st of

but

ju9t ai present
panies will consent.
month of

it

seems

September

was

contemplated,

doubtful whether all the

Mr. John H. Jones'

com¬

figures for the

E. Tenn. Va. A Oa.

Cross

1832-3.

|

183 4-4.

1834-5.

1335 0.

*3,145,432 *4, <76,75 4 54.L73.263 *4,U21,50 7 *4,119,578
2,031,1271 2,333,702; 2,473.337 2,733,221 2.023.304

Expanses
Net earnings

18SI-2.

...

1336-7.
f

4.7 70,697

3,157,026

j> 1,094,355) -1,3 0,0521*1,094,020 •1,233,343 *1,49 4,204 *1,019,67

Thus gross earnings are decidedly the
and net bit $8 3,000 below the

largest ever made,
heavy aggregate of
1881.
The company earned enough to meet all its
charges and taxe3, and^ pay the 4 per cent dividend
declared on the 1st preferred stock, and carried forward
besides a surplus of over $100,000
(including in this the
operations of the Knoxville & Ouio, on which basis the
figures in the above table have been prepare!). Tue gain
in the gross over the prece ling year was
$657,119, and
as showing how general
aQd how large the gains in this
Southern section have bben, it is to be n>ted that in the
same time the
gross on the Louisville & Nashville increased
$1,903,566, and on the associated road9 in the Edanger
system $774,460. Tue Memphis & Charleston forms part
of the East Tennessee system, but its accounts are
kept

July 3how that stocks at tidewater points were
nearly a hundred thousand tons during the month
but it i9 estimated that in August
they have been increas
;ng again. Still, from the fact that the output for Septem¬
ber has been fixed so large, it would 3eem that the com¬
panies take a hopeful view of the situation, and that
an active demand
is anticipated.- So far as the statistics
furnish any guide, the outlook really is quite
encouraging, separate. |That roa'D’gained $319,984 in gross in the
for they 9how that not only has the production^/ this
Hence on these three systems we have a
year twelve months.
so far been
materially greater than in both 1886 and 1885, total augmentation in gross earnings in one single year of
but nearly the whole of the increase has
gone into con¬ aoout 3^million dollars.;
reduced




1

THE CHRONICLE.

256

[Vol. XLV.

Among the reports for the month of July that have how embarrassing it might have been to touch on a part
come out this week,
the Northern Central, the West of the rumor were the fact a very little different, making
Jersey, the Camden & Atlantic, the Mexican Central, the an unqualified denial impossible. Mr. Claflin, however,
Buffalo New York & Philadelphia, and the New York was in position to contradict the unfounded statements in
Susquehanna & Western, all make favorable exhibits, and such a manner as to leave not a shred or vestige of them.
the Central of Georgia, the Baltimore & Potomac, Of course the occasion for the renewed depression in
and the Pennsylvania, make unfavorable exhibits.
On stocks this week was the assignment of Grovesteen & Pell,
the Central Georgia and the Baltimore & Potomac the but that failure could not have had any great amount of
decreased net is the result of heavier expenses and influence upon prices, except that it was feared that itrepre.
probably of no particular moment. The Pennsylvania on sented a condition much more likely to be general
the Eastern lines gained $297,693 in the .gross, all of than special.
An interesting event on Monday was the
announcement
that the Denver & Rio Grande had decided
which but $92,913 was absorbed by increased expendi¬
tures.

It is

on

the

Western lines, however,

that the

to

sign the trunk line agreement, and stop the payment

Central Traffic Associa¬
specially unfavorable. There the surplus above
liabilities this year was only $87,008, against $262,508 in tion territory.
Pacific Mail declared a one per cent divi¬
dend.
July, 1886. We have no doubt, though, that the falling
The following statement made up from returns collected
off is explained by the diminished wheat movement this
year in the winter wheat bait.
The Western lines of by us shows the week’s receipts and shipments of currency
course would feel
this change very decidedly, and even and gold by the New York banks.
the Eastern lines could not fail to be affected, though in
Net Interior
Received by
Shipped by
Week ending August 20,1887.
Movement.
much smaller degree.
N. F. Banks. N. Y. Banks.
Another fact to be borne in mind
Loss $1,582,000
$2,596,000
$1,014,000
is that last year earnings were very heavy in July, as Currency
Loss..
000,000“
eoo.ooo
Gold
may be seen from the following compaiison extending
451,014,000 I <3,190,000 Loss.. $2,182,000
Total gold and legal tenders
of commissions in trunk line and

result is

-

back six yeais.

Tne above shows the actual

'

1

Lines East of

1887.

1880.

1885.

Pittsburg.

|
j

j

1884.

j

1883.

i

i

|

dross earnings.—

*
4,054.370

$
4,350,077

*
*
*
3,0^,105- 3.9&9.085, 4.130.950

Operat’g expenses.

2,980,820

2,770,049

2,525,056j 2,597,909 2,038,216

Net earnings...

1,580.028
+•<+2,508

1,160.049

Western lines

1,073,541
1-87,008

Result

l,7t0,5iy

1,043,130

July.

j

1882.

*
4,149,150
2,502,057

1,391,116 1,492,734

1,647.093

—37,10Sj +51,095 1-121,972

+319,567

1,122,941'

1,442,811: 1,014,706

|

I

Jan. 1 to Julu 31.

l.yoo.eoo

31,025,094 27,600.841 25,004,698 27,322,334 28,483,5c9 20,799.997
Operat’g expenses. 20,507,170 18.300,589 17,321,790 17,818,976;| 18,471,909 16,902,782

Gross earnings

changes in the bank hold.

ing8 of currency and golu caused by this movement to
from the interior.

addition to that movement

the

gained $100,000 through the operations of
Sub-Treasury, and $1,250,000 more by Ass >y Office

banks
the

In

and

have

payments for gold imports. Adding these items to
above, we have the following, which should indi¬
cate the net loss to the New York Clearing II>U38 banks
the

and gold for the week covered by the bank
issued to-day.
It is always to be remem¬
Western lines
bered, however, that the bank statement is a statement of
10.955.410 8.997.837 0.655,710, 8.790.198J 10,349,200 10.192, 45
Result
Thus the net result on the combined system stands at aoerayes for the week, whereas the figures below should
reflect the actual change in the condition of the banks as
$1,760,549 for July, 1887, against $1,843,136 in July,
between Friday of Jast week and Friday, of this week.
1886, but as against $1,122,941 in July, 1885. If we
1
take the figures for the seven months, we find nei of
Net Change in
Into Banks. Out of Banks.
Week ending August 20,1887.
Bank Holdings.
|
$10,955,416 for 1887, $8,997,837 for 1886, and only
Loss.. $2,182,000
$3,190,000
jl.014,00')
Banks’ Interior Movement, as above|
$6,655,710 for 1885 ; that is, there has been an improve¬ 3ub-Treas. opei*a. and gold imports.'
Gain.. 1,350,000
0,200,000
7,55'»,000
ment of about two millions as compared with last year,
Loss..
*832,000
*9.390,000
$8,504,000
Total gold and legal tenders
4
and of about £ millions as compared with two years ago.
The Bank of England lost £162,000 bullion during the
In view of the developments noted above, it is not sur¬
week. This represents £48,000 received from the inte¬
prising that the stock market this week should have been rior of Great Britain aud £.110,000 shipped abroad. The
decidedly weak and lower. For the moment ‘Confidence Bank of France lost 6 425,000 francs gold and gained
In values seems to have disappeared, and so loDg as the
3,075,000 francs silver. The Bank of Germany has gained
process of liquidation goes on, this must continue to be
2,160,000 maiks. The following shows the amount of
With speculative bubbles collapsing, with
the case.
bullion in the principal European banks this week and at
defalcations and abuses of trust becoming unpleasantly
the corresponding date last year.
frequent, with the California wheat collapse on the one
August 20,1880.
hand and the Ives failure on the other growing in magui
August 25,1887.
*
Banks of
Total.
Gold.
Silver.
Total.
Silver.
Gold.
tude every day, it is natural that business men, bankers
£
£
£
£
£
! £
and investors should idike exercise an unusual degree of
21,370,180
20,052.055
20,052,6551 21,370,180
England
caution.
Of course at such a time the good suffer with France..
48.153.232 47,781,903 95,935.135' 54,643,372 45,329,348 99,972,720
21,604,810 19,212,190 40,877,000! 20,520,200 10,315,740 30,842,000
Germany*
the bad, and hence standard investment properties have
0,399,096 13,671,000 20,070,000
0.545.000 14,357,000 j 20,902,000’
Aust.-llung’y
14,801,000
depreciated with the speculative fancies. Unfortunately Netherlands.. 5,092,000 8.195,000, 13,287,000! 0,092,000 8,109,000
4,159,000
2,773,000 1.380.000
Nat. Belgium*
3,709,000 j
2,473,000 1,230,000
a
period like the present is a carnival for the wreckets. National Italy 0,983.000 1,118,000 8,101,000 7,363,000 1.342.000 8,705,000
Their weapons are numerous and their methods unscrupu- Tot. this week 111,503,097 91,900,0931203,403,790 119,700,812 80,153,088 205.919,900
Tot. prev.w’k. 112,028.744 91,714.334 i203.743.078! 120,209,551 85,902.848 200,172.399
lous.
But of all the means used to depress the market
The division (between gold aud silver) given in our table of coin and
the most disgraceful
are
the manufactured stories bullion in the Bank of German}' and the Bank of Belgium is made from
the best estimate we are able to obtain; in neither case is it claimed to be
impeaching the credit of firms in high standing. The accurate, as those bauks make no distinction in their weekly report,
reporting the total gold aud silver; but we believe the division
higher and better the credit, the more effective the rumor merely
vve make is a close approximation.
Note.—We receive the above results weekly by cable, and while
if it gains currency.
Besides as they usually contain a not
all of the date given at the head of the column, they are the
-

9,503,358! 10,011.500 9.837,215
+497.492 -252,115 -1024,198 -713,100 1-337,040 +355,030

Net earnings... 10.457,924

9,250.252

7,679.908

of currency

statement to be

...

,

....

*

half fact their denial often becomes difficult and sometimes

returns issued nearest to

that date—that is, the latest reported figures.

The Assay Office paid $199,174 through the Subembarrassing. It is seldom that such a story can be so
effectually explained and utterly demolished as was done Treasury for domestic and $ 1,249,20 L for foreign bullion
by Mr. John Claflin, of H. B. Claflin & Co-, the patt during the week, and the Assistant Treasurer received the
week, aiid we refer to it simply because it suggests following from the Custom liouse.




August 27,

THE CHRONICLE.

1387.]
Consisting of—

Date.

Duties.
Cold.

U£Ol9.

$393,489 28

$4,500
3,000

|

U. S.

Gold

Silver Cer¬

Notes.

Certified.

tificates.

$52,000

$109,000

77,000

368,000

$12,000

257

tinguished, namely, the great expansion of its mileage.
at present the company is engaged in building an

Just

extension

to

Helena in

Montana Territorv, and on this

work is

being pushed at a rate never before equalled in
The men work in relays, and night and day
22.
570,000
54,000 history.
72,000
4,000!
23.
9.<»n
69.90W
67,000
631,000
777,855 93
without interruption track-laying goes on.
The company
5 6. >)i > i'
24.
58,000
354,000
6,500
475,622 61
beat its own record on August 11, when over eight miles
25.
416,000
43,000
40,000
501,457 11
5,00 .v
were
reported as having been laid in one single day.
Total. $3,344,812 91
$287,000
$3 2,000i $371,000 $2,648,00o
Special effort, however, is being made to open this line in
Included in the above payments were §7,000 in silver time for autumn business.
But it is not the rapidity of
com, chiefly standard dollars.
construction work to which we wish to direct special atten¬
“

20

«

480,466 23
700,951 75

38,00<

«
“

“

tion.

THE

ST.

PAUL

<0 MANITOBA RAILROAD.

With the

multiplication of new lines in the Northwest
competition, it becomes more and more
important to study the reports of the roads in that section
as they come out. in order to see the progress that has
been made, and also to determine the margin of profit
remaining on the year's operations.
The Chicago & Northwestern statement for the year
ended May 31 was an extremely satisfactory document
But it is not given to a greaf, many companies to make
such a splendid exhibit.
In the case of the Rock Island,
we
saw that
the surplus above dividends for the year
ended March 31 was the smallest in the company's history
and morely nominal in amount.
The St. Raul & Mani¬
toba, which has just issued an abstract of its operations
for the year ended June 36, makes a very much better
showing than the Rock Island, but, of course, not nearly as
good as the Northwest. The full report for the year, in
pamphlet form, has not been published, but the figures
given out, covering, as they do, the income accounts of the
year, furnislf a pretty clear idea of the road's doings and
and the increase of

It is rather

the

increase in the extent of the

com¬

persons know tlilt during
ended June 30, 1887, the company

pany's aggregate mileage. Few
the

twelve months

added 603 miles

of

nearly two miles for

road

to

its

system—an average of

business day during the year;
mileage in operation was 2,112 miles,
against 1,509 miles on June 30, 1886.
It is of inter¬
est to note, too, that since 1882 the mileage of the system
has just about doubled, it having been on June 30 of that
year only 1,058 miles, against 2,112 miles now.
When
the 400 mile extension through Montana is completed, the
company will have over 2,500 miles of road in its
every

and that the total

system.
Not

only, however, is the system being greatly extended,
being changed.
Hitherto the general
direction of the lines has been north and south, the initial
points being Minneapolis and St. Paul, from which dupli¬
cate and triplicate lines run north to the Canadian boun¬
dary at Manitoba. When in 1883 the agreement was
reached by which the Manitoba exchanged some of its
east and west lines in process of construction for the
north and south lines of the Northern Pacific, it was sup¬
condition..
posed that the limits of future extensions had been clearly
The Manitoba has been remarkable in a number of ways. defined.
It was definitely stated at the time that the
Its rapid and sudden rise from bankruptcy—for that was object of the agreement was to promote harmony and
the condition of the companies out of which it was formed avoid unnecessary competition between the companies.
—to a state of extraordinary prosperity, was almost phe¬ Now we find the Manitoba paralleling the
Northern
nomenal.
The successful way in which since then it has Pacific for about 800 miles through Dakota and Manitoba.
coped with a combination and variety of adverse circum Not only that, but the line built to Aberdeen and Ellenstances, is hardly less noteworthy. The building of com¬ dale on the south side of the Northern Pacific, is also an
peting lines, the loss of special kinds of traffic which had east-and-west line. In fact almost the whole of the 600
contributed so much to bring about the exceptional miles built in the late year, as well as the mileage now in
improvement referred to, the elimination of other favoring process of construction, all has the same direction. We
circumstances that had acted as a stimulus on traffic, and understand of course that the line into Montana runs
finally, and most important, the great reduction in rates some 70 or SO miles north of the Northern Pacific, and
—these influences have all left their mark on the compa- that it is being built not for purposes of competition, but
ny's income, but it is surprising to observe how compara¬ to secure access to a rich and fertile district at present in
tively .small the net effect has been—thanks to the efforts the main not tapped by existing routes; still competition
of the managers to develop the country and secure ad¬ can hardly b > avoided at through and junction points. At
ditional business.
Take merely the reduction in rates. any rate it is clear that the old agreement is no longer in
We have not the figures for 1886-7, but in 1885-6 the force, which is also evident from the fact that the North¬
average per ton of freight per mile was only 1-40 ern Pacific has been building some north and south lines
cents, while in 1881-2 the figure was 2-51
cents. in Manitoba Territory.
Here is a reduction in the short space of five years of over
The extension of the Manitoba's mileage has of course
a cent per mile on the entire tonnage of
the road. It is entailed heavy additions to the debt, and hence the
needless to say that there are very few roads in new sec¬ increase in that item is no less striking than in the
tions that could stand such a heavy reduction within so mileage.
Against §18 616,000 in 1881—2, the debt in
short a time: they would inevitably be forced into insol¬ 1885-6 was $32,336,000.
Since then, the company has
vency.
Business in a new country is supposed to increase listed $8,400,000 more of consols, all but $300,000 of
and expand of course, but hardly in such a ratio.
The which bear only 4-.J- per cent interest. This would increase
Manitoba has suffered a large loss of gross and net revenue the debt to $40,736,000. but sinking fund operations are
as the result of the fall in rates and the other unfavorable
likely to have reduced the amount to $40,500,000 (per.
agencies noted, and yet its general prosperity has been but haps to somewhat less even), and this is the figure we use
slightly impaired, for though the company did not con¬ in the table below. But in addition, there are the seven
tinue 8 per cent dividends, it did pay 6 per cent, and appa¬ million bonds to be issued on the Montana Division)
rently has had no difficulty in earning that much making a grand 'total of funded indebtedness of 47£
millions dollars.
The Montana bonds bear only 4 per
every year.
There is another feature for which the Manitoba is dis¬




but its character is

cent interest.

258

THE

CHRONICLE.

In view of this increase in the debt and the consequent

1879-0

[Vol, XLV.

D1 VERSION OF TRADE.

The. causes of commercial movements ire so multifa
augmentation of future annual charges, the results of the
late year’s operations possess an additional value.
We rious and complex that one needs to be a very bold philos
give them below in comparison with the figures for the qpher to say that any one alteration in the current of
seven years
preceding. The table embraces a column to trade was the consequence of events which lie can designate
show the income from land sales, but as this income goes with certainty.
Yet commerce does ebb and flow, and
to redeem the first .mortgage bonds it does not affect the shift its course, and whirl and eddy, in obedience to laws
totals in any way.
as fixed and as infallible in their working as those which
govern the movements of the v aters that throw up a sand
Mileage
Miscel¬
Operating
Total
Gross
Net
Year
Interest.
bar on our coast only to tear it down again the next year
end
laneous
Ne t
Expenses
Earnings.
Earnings.
and Taxes
of year.
Income.
Income.
The difficulty is that we do not know what the laws are.
£
$
$
$
$
$
187Q-80.
656
2,885,330
1,450,393
52,629
Perhaps the most ambitious effort at an explanation of
1,434,937
947,227
1,503,022
„

8.

1880-81.

865

1881-82.

1,058
1,350
1,397
1,470
1,509
2,112

1882-83.

1863-84.

1884 85.

1885-86.

1886-87.

Year-',

4,595,056
3,929,392

3,509,928
3,838,652
4,314,895
Surplus

Dividends.

*

975,000
1,724,664
1,600,000
1,30ft,000
1,200,000

1882-83

1683-84

1884-85

1885-86

1886-87

t

8,028,448

1,863,035
3,515,779

I

1,789,817

52.6'm»

1,842,417

3,061,915

80,260

3,148,175

4,437,716
4,254,558
4,260,236

207,859
287,352
66,284
171,110

4,645,575
4,541,910
3,054,-00

1,949,690
1,980,280
1,999,820

514.447

4,228000

2,170,409

3,483,084
3,713,553

on

Year's

Land
Salt

s

4,332,520

1,109,951
1,188,091

a

1,204,279

report by Lloyd’s on the result of the opening of the Suez

1,200,000

Land sales

$555,795

732,460
985,084
1,656,631
4010,678
1,052,240
454,380
§257,591

$16,^24,900

813,945
418,270

131,293

20,000,000

350,114
415,782

20,00' t,0' >0

32,430,000
32,336,000
40,500.<i00

1860,677

20,000,' >< t0

IS, 107,700

18,646,000
20,791,720

31,368,000

applied to redemption of first mortgage liouds.
$157,813 of this was “ paid in settlement of construction lines
are

8f. Vincent < xtension of St. Paul & Pacific.”
I After deducting $381,512 charged to fund
renewals.

on

for improvements and

§ After deducting $600,000 for renewals and improvements.

According to the above there

surplus on the
§257,591, against § 451,380 in 1885-6,
$1,052,240 in 1884-5. But in the late year §600,000
was

a

1886-7 accounts of
and
was

transferred from income to the fund for renewals and

improvements, against nothing so transferred in either o^
the two years preceding.
Hence, on an even basis, the
surplus for 18 8 6- 7 would be § 8 5 7,591, again st §4 5 1,380
and $1,052,240 respectively in the two years preceding. In
some of the earlier years the
surplus was much heavier—
after paying out more for dividends, too—but then circum¬
different, as related above. The same can be
said of the gross and net earnings; they are better than in
the year preceding, but much below those of the best
previous year. The expenses, however, are, with one
exception, the largest ever reached, and this shows strik
ingly the difference between the present and former
periods—present earnings, being on the basis of lower aver¬
age rates, cover an increased amount of traffic, and hence
stances

involve
To

were

heavier expense.
state the result of the

British trade. The popular idea on the sub¬
ject certainly is that England first partly resisted and partly
ridiculed the enterprise of M. de Lesseps; that when the
Canal

Debt.

$15,000,000
15,000.000
15,000,00o
20,000,000
20,000,000

$597,672
223,832

diversion of trade in recent times is to be found in the

Canal upon

Funded

Stock.

*

Operations.

1881-82

*

3,652,852
6,577,694
9,032,772
8,183,950
7,776,164
7,321,736

was

operations in brief
then, 6 per cent was paid on the stock, 3 per cen^
($600,000) was transferred to renewal fund, and a balance
of over one per cent more was carried forward,
making 10
per cent altogether. With these figures as a basis, too, we
can form some idea of the effect of the increased
require¬
ments for interest in the current
year.
In the late year
the amount paid for interest was §2,170,409. or §170.589
more than in the
year preceding.
But on the debt out¬
standing June 30 the call, as we figure it. will be about
$2,340,000, and the $280,000 more on the seven millions
1886-7

Montana Division bonds would increase the amount

to

were

foremost in

taking full advantage of it, and turning it to their own
profit: and that the Government finally pronounced in
favor, both of its political and of its commercial value, by
purchasing the Khedive's shares. This, however, is not the
view taken by the officials of Lloyd’s who have lately been in¬
vestigating the causes of the diversion of trade from EnglandThey hold that the opening of the Canal,and the consolidation
of the Empire of Germany and the Kingdom of Italy,
have each operated distinctly, to the disadvantage of
British trade.
The report is a very long one and we can¬
not give even a summary of the reasoning by which this
rather startling conclusion is reached.
But so far as the
.canal is concerned, we may say very briefly that it is held,
that the change from sailing vessels around the Cape of
Good Hope to steamships through the canal! shortening
the distance and the time of the delivery of goods, has,
first, rendered unnecessary the accumulation of large
stores of East India goods in Eng’ish ports: secondly,
has made Mediterranean ports better distributing points
for these goods to the Continent of Europe; and, thirdly
has diminished the demand for shipping.
This last effect,
however, is 'Counterbalanced by an increase induced by
the improved facilities.
That is to say. less shipping is
required to do a given amount of work through, the canal
than round the Cape: but the canal has increased the
amount

of business.

It would be

data which

a

successful British merchants

we

presumptuous, with the greatly inferior
possess, to oppose this theory.
But there

facts which

might be presented to throw a doubt
upon the importance of the loss which British trade can
possibly have experienced through the opening of the
canal.
Certainly the- trade with India forms the largest
part, and very much the largest part of the trade on which
are

some

loss

have been felt.

Now in I 871 the total

imports
of India were £39,913,9 42. •«.»: which .Cl 8,053.473 were of
British produce.
In 1885 the imports were £67,028,158,
of which £29.288,637 were British produce.
Of the
increase. 27 millions sterling, Great Britain gained 11 mil¬
a

lions.

can

The per cent of British imports dropped only from
The relative loss was less than a million and a

45 to 4 3.

$2,620,000.
Hence, when the bonds are all out, the half sterling. The Indian exports in 1871 were £57,556,interest charge will be about $450,000 greater than for 951, of which £30,737.385 went to the United Kingdom;
the last twelve months.
But against that increase we the corresponding figures for 1885 were £85.087,858 and
have an actual surplus of §257,591 on the 1886-7 accounts, £31.882,665.
Here, no doubt, there is a large relative
loss,
both
in
the
amount and in the percentage. But at the
-with $600,000 more used for renewals and improvements.
"W e are proceeding on the supposition, it will be seen, that v.-ry worst
the
amount
cannot
be
put at more
earnings in the current year will be no heavier than in than
14
loss
of
millions
sterling.
and
the
the late year.
In reality, however, there ought to be a
inconsiderable1 an amount of goods
so
considerable increase, first by reason of the * opening of pr< >rit Upon
j
hardly he regarded as a very important
the Montana line, and secondly because only an inconsid- can
j
erable portion of the 600 miles built in 1886 7 counted in | matter in the commerce of the great- st trading nation of
full-in that year’s accounts.
me world.
Nevertheless, we are quite prepared to admit




August 27,

1387.1

THE CHRONICLE

259

Lloyd's, which has devoted far more time to els. But though the bulk of the increase was in wheat*
the subject, and which has vastly superior facilities for there was also a considerable augmentation in oats (from
discovering that there has been a serious diversion of 1,170,900 to 1,542,314 bushels) with less important gains
trade—dor even that does not appear from the facts at our in corn and malt, and a falling off in the minor cereals,
command—sees in the canal a menace to British supremacy barley, peas and rye.
At the other. Atlantic ports—Pniladelphia, Baltimore
in trade, the whole thing cannot be a creation of the
imagination, nor can the connection between cause and and Boston—the wheat arrivals were also much heavier
effect be obscure.
except at Pniladelphia, with a decided increase besides
in
the fl iur arrivals at Biltimore. On the other hand
Curiously enough, a view not very unlike that here
noticed lias been taken by Mr. David A. Wells in a the corn arrivals at these ports, as in the previous month,
striking article in the last Contemporary Review. Mr. show a heavy decline, the total for the three cities this
Wells, however, confines his attention largely to the year being only 593.791 bushels, against 1,416,273 bushels
revolution bn certain branches of the carrying trade in 18S6, it thus being evident that the burden of the
effected by the canal; and there he is treading upon surer contraction in that cereal is falling on the ports outside of
ground. lie does, nevertheless, touch briefly upon the New York. But the gain in wheat and flour has been much
interference it has wrought with the business of middle¬ heavier than the loss in corn—again excepting Pniladelphia,
men in Great
Britain, and so far confirms the conclusions where the wheat deliveries were only 537,303 bushels,
of Llovd's.
But he does not go into figures to show the against 83S,859 bushels—and there was also an increase
importance of this business—which is the only question in oats and barley, so that at both Boston and Baltimore
the aggregate of all kinds of grain is greater than a year
we have raised in
referring to the matter.
There can be no doubt that one of the great move¬ ago.
The augmentation is particularly marked at Balti¬
ments of the present time is directed
to the dispens. more, whose total stands at 4,208,5 53 bushels in 1887,
ing with the services of middle-men in all countries against 2.731,380 bushels in 1S86, the gain being almost
and in all branches of business.
The process has been exclusively in flour and wheat.
At Boston the receipts
foot
up 2,423,434 bushels, against 1,985, G89 bushels, and
going on a longtime, sometimes slowly, sometimes rapidly
It is still very far from being complete, and in certain at Philadelphia
1,337,545 bushels, against 1,572,507
bushels.
The
total
for the three ports is 7,969,532
lines it has barely begun.
We need not refer to particir
lar cases, since the process is one which every person will bushels, against 6,289,576 bushels.
If we add New York
observe as soon as his attention is called to it. Now, when¬ we have a grand aggregate at the Atlantic seaboard of
ever the
reforming spirit enters into any line of business’ 20,561,271 bushels this year, as compared with only
and the producer and
consumer are brought nearer 15,477,165, the increase thus being over five million bush¬
together, there is a loss inevitable to the persons who have els. We have already stated that of the total of 12,591,formerly stood between them. The world gains—just as 739 bushels at New York, 7,960,927 bushels was flour
it has assuredly gained, by the admission of Lloyd’s, and wheat, and may say that of the total of 7,969,532
which
laments
over
the
supposed
decadence bushels at the other three ports, 3,725,904 bushels was
of
British
trade, by the construction of the Suez wheat and 2,600,018 bushels flour, or 0,325,922 bushels
Canal—but the few lose. By and by, no one can say when, of wheat and flour together. In other words, of the
a more
general diffusion of ready money will certainly 20,561,271 bushels grain deliveries at all the ports, no
cause London a loss of its
position as the financial centre less than 14,236,849 bushels was wheat and flour.
The important inquiry with regard to the increase 1
of the world, where all great accounts are finally settled
arrivals
at New York is
the amount and proportion
The world will gain from that change too. It is benefitted
by a change because every great change is dictated by j brought in by the canal and each of the rail routes,
economy, in the process of supplying the wants of the There was considerable talk during the month of a
world.
A diversion of trade thus becomes a signal of cutting of rates by the railroads.
It was not claimed
that
this
commercial advancement, and while particular losses may
cutting
extended to domestic business;
rather
that
it
was
confiued
to shipments intended for
meet with
sympathy, we cannot on the whole be sorry that
the world moves.
export. But as the bulk of the receipts are always of
the latter nature, it is precisely that kind of cutting that
NEW YORK GRATE RECEIPTS AND TRUNK might be expected to exert most effect in changing the
that when

LANE EARNINGS.

amounts

and ratios of the different roads and also

of the

canal.
It has not been possible to confirm the reports of
grain receipts at New York during July this year
cuts, but the weight of opinon leans to the idea that the
were about one-third
larger than in the same month of
1886, and considerably heavier than the average for that regular tariff of 25 cents to New York was reduced three
for
cents
part of the month.
Tne following table
month in other recent years, but far below the heavy
will show the deliveries by each of the different routes.
aggregates of 1880 and 1881. Tne total reaches 12,591,RECEirTS OF GRAIN AT NEW YORK BY ROUTES DURING JULY.
739 lushels for all kinds of grain, including flour reduced
?
1887.
1886.
1885.
1883.
July.
1S82.
j 1884.
to bushels, against only 9,187,589 bushels in July, 18S6,
N. Y. Cent. ..bush. 1.700,866 1,847,812 2,037,865 ! 1,098,051 ! 1,134,955 2,010,376
13-1)9
Per cent.
2011
2322
8,778.017 bushels in 1835, 9,630,093 bushels in 1884,
17-02
11-78 j
24-00
Erie
bush
2.588,700’ 1,091,725 1,679,412 1,655,595 1,534,446' 1,737,468
9,638.168 bushels in 1883, and 8,375,988 bushels in 1382.
Per cent.
20-56
11-89
19-13
17-20
15-92 |
20 74
In 1881, however, the aggregate was 17,469,831 bushels, Pennsylv’a. .bush.
958,551
744,03-2
688,304 !
920,291
923,492 1,702,772
7-61
7-84
Per cent.
810
9-58 !
9*50
20 34
and in 1880 it was 21,128,865 bushels.
Del. L. & VV..bush.
329,110
289,732
278,494
300,098
241,948i
2-01
Per cent.
3-03
3-30
311
2-52
Tne increase of one-third over last year occurs almost
i
West Shore. .bush.
576,100
469,019
474,749
I
Per cent.
4-58
5-10
5-40
wholly in the item of wheat, of which the arrivals this
Various RRs.bush.
357,781
230,658
536,613
46,246
27,582
52,142
year were 6,081,214 bushels, against only 3,305,428
Per cent.
2-84
2*51
0-53
557
0-28
0-02
bushels in July, 1836.
Total RR. .bush. 0,571,111
We noted a similar increase in
4,661,740 5,216,308 5,110,048
3,862,423j 5,5*12,758
52*19
Per cent.
50 74
5942
5306
40-08 1
05-70
June, and it follows as the result of the break up of the
River & coastw.b
61.52)100,480
271,949
127,80*2
173,733,
158,014
corner at
cent.
0*40
109
3*09
1 33
1*82
1-90
Chicago and the heavy export demand. In¬ Canal Per bush.
j
5,939.10<
4,425,369 8,289,700 4.391,583 5,000.012 2,714,016
cluding flour the total for July is 7,960,927 bushels, out
Per cent.
47*32
48-17
37 49 j
45-61 |
58-10
32-40
of an aggregate of all kinds of grain of *12,591.739 bush¬
m1!
.bush. 12 501.*::
0.187.589 8.77H.01? 9.03i 1.093 ‘ 9,038.
8.375,988

The




1

:

,

■

u.

.

„

fflE

260

CHRONICLE

In the first

place it is to be observed that the total
grain movement was so much heavier than a year ago, that
in amount not only the canal but every road with the
single exception of the New York Central shows an in
crease.

had

a

either

RECEIPTS OF

Jan. 1 to

Tne railroads,

large proportion.

much

against the Erie as against some of the
other roads, that the charge of cutting was chu (ly made.
Still the Erie’s percentage in July last year was abnormahy
low, and the present year’s ra:io may be regarded as a
return to more nearly normal figures.
With the excep¬
so

1885.

Bushels.

14,362,977

Per ct.

Per ct.

Pennsylv’a..
Per ct.

Del. L. & W

.

Per ct.
Var'us Kits..
Per ct-

.

Total ItKs.
Per ct

Riv,& coast

21-09-

19-45

5,491,856

5,242.948
8-50

8-20

Per ct.

Canal

20-66

22-09

5, LOO.TTo

45,51:0,601
73"8>

972,989

677,144
1*02

23-63
11-39

13*85

5‘3.-»

4-56

........

52>', -53

3,029,090;

•100,350

406,068

0-79

5S4

0-64

0*82

54,223,822

44,410,48

39,266,2'>3

:-;0,678,025

82-05

75*06

71’3*

74*18

1,474,202

1,405,514;

2,202.9..

1,526,758

T58
223
2*71 j
3-51
15,153.419! 10,385,354 11,223,451 j 15,623,0:

26-68

24-56

66,507,633

0,347,992

2,637,30?

2,776,919

15’72

21-03

i

61,687,' 09

66,083,37s

309

11,241,417
22*73

25-10

t

Total all...

22-80
'

7,090,393

-

5’52

48,080.889

i

11,304,018

9"56

3,403,306

737

36-05

14,707,101

0,322,065

5‘81

4,900,410

16,119,347

3U14

.

9-94

0-19

Bushels.

Bushels.

11,100,072

9,120,427

10-33

927

1882.

16,833,976! 19,381,331
3244

4,Oo9,70 )

3,584,838

8,167,043

17,743,600
Per ct.

31-04

13 81

6,376,-94

3,130,219

7230
.

;

1.883.

Bushels.

11,097,0 U' 13,653,424

4-72

Per ct
West Shore.

j

1 TO JULY 31.

1

Bushels.

24'25

L

1S84.

20,511,693

14,955,654

21-50

14,025.354

Erie

the other

not

1386.
{

N. Y.Xent.

on

hand, had 52-19 per cent of the movement,
against 50 74 per cent in 1886, but as against 59 42 per
cent in 1885 when receipts were much smaller and railroad
rates very low and very much demoralized.
Tne most
noteworthy change as between 1886 and 1887 is the
increase in the Eie’s proportion from 11-59 percent to
20-56 per cent.
This is the more remarkable that it was

1687.

Bushels

canal, though it carried more in amount,
slightly reduced percentage—47 32 against 48 17,
a very

GRAIN AT NEW YORK, BY ROUTES, JAN.

July 31.

But the

being

[Vv U XLY.

51,89 ,228

49.446,200

02,243,0

WEEKL Y RATLROA D EA REIS'GS.

tion of the

Erie, however, all the roads show diminished per¬
Out of 27 roads that have .reported for the third week of
centages—barring only the various or miscellaneous roads, August, 4 show a decrease, and 23 an increase. The net
which have slightly augmented their proportion.
It is gain falls a trifle short of 10 per cent (9*95 per cent).
only in the case of the New York Central that the falling
3tl week of J ugust;
1887.
1886.
Increase.
Decrease.
off is particularly striking, that road not having had so
$
$
$
$
small a percentage in July of any month since 1883, the Buffalo N. Y. k Phil a
07,100
61,000
5,500
20. 81
41,058
14,274
ratio beiDg 13 99 per cent this year, against 20 11 per Buffalo Rocli.*k Pittsn...
Cairo Vincennes k Chic..
10.220
20,748
4,528
Canadian Pacific
220.000
204, tOO
16,000
cent in 1886, 23-22 per cent in 1885, and 11-78*per cent
Chicago k Atlantic.
3",5 it)
32,305
0,131
425,000
444,528
in 1883.
19,528
It would seem, though, that the Central felt the Chicago Mil & St. Paul..
27.015
27,070
545
Chicago & West Mieli
Denver & Rio Grande....
141.840
154,000
12,160
competition of the canal more keenly this year than last, Det. Lansing & Northern.
2 4,555
22,926
1.629
6.278
557
for we find that while out of a total of 2,18*2,954 bushels Evansville k India’polis.
5,721
Evansville k Terre H....
18,808
20,752
1,944
of corn last year the water route had 1,505,904 bushels, Kingston & Pembroke....
227
3,« 17
2,790
106.094
Long Island
99,125
0,969
Louisville & Nashville....
301.915
266,110
35,805
leaving 677,050 for the railroads, this year the canal Mexican
7 7,0 JO
Central
64,366
12,634
16.279
76,745
60,40(5
brought in the whole of the 2,286,700 bushels of corn Milwaukee L. 8. & West'.
Milwaukee k Northern...
17,681
13,26 i
4,410
4.246
except only 35,200 bushels, the result being that but N. Y. Ontaiio & Western.
37,113
32,867
2 4,242
Northern Pacific
245,989
28,253
16,500 bushels of that cereal was shipped over the Cen Peoria Dec. k Evansville
17,940
19,461
1,521
St Louis Ark. k Texas...
45,008
32,797
12.211
tral, against 555,500 bushels last year.
«
St. Louis k San Fran
129,200
104,138
25,062
Paul k Duluth
34,70
264
34,503
With regard to the revenue realized on the grain 8t.
Tol. Ann Arbor k No.Mieh
9.8
42
2,134
11,970
& Ohio Central..
17.869
13,729
4,140!
business, the rate this year, for the reasons already Toledo
Wabash Western
125,633
107,537
17,7'. G
12^476
15,718
3,242
stated, was undoubtedly less than indicated by th3 quoted Wheeling k Lake Erie....
Total (27 roads)
23,257
234,788
2,338,062 2,126,531
tariffs.
We should put the average for the month at
Net increase (9*95 p. ct.)211,531
about 23 cents per 100 lb?., Chicago to New York, which
would compare with full 25 cents a year ago.
For the second week, the final statement covers 65 roads,
On this
basis, and taking the above figures of deliveries and and the increase is 14*11 per cent. Sixteen of the sixty-five*
roads show a decrease, but the total decrease on them all
allowing for the differences in the weight per bushel of
reaches only $33,016—being in no case large.
the different cereals entering into the totals, we get the
following comparison of the revenue to the five lines east
2d week of August.
! 1887.
1886.
Increase.
Decrease.
|
of Buffalo and Pittsburg on the grain movement to New
%
$
$
$
York during the last three years.
358,959
Prev’ly rep'ted (29 roads) 2,548,524 2,200,3 ?5
16,760
11.853
Atlantic * Pacific
....

....

........

"

...

..

.

£

-

■

;

48,564
6P,3<>0
23,223
40,035
58,688
26,^28

36,711
59,700
15,530
39,000
60,054

8,370

6,405

Vicksburg & Meridian.
Vicksburg Shrev. APao.

7,388

8,579

7,587

8,313

Cio. Richmond & Ft. W..
Cincinnati Wash, k Balt.
Cl eve and Akron k Col...
Cleveland k Mar etta
Col. k Cin. Midland
Den. & Rio Grande West.
East Tenn. Va. k Ga

8,591
45,825
11,174

8,255

836

40,691

5,134

Buffalo N. Y. k Phila
California Southern

APPROXIMATE EARNINGS FROM THROUGH GRAIN TONNAGE.

Chicago k East. Illinois..
Jan. 1 to July 31.

July.
1687.

New York Central
Erie

Tue

changes

..

69,000
57,000

52 000

42 000

23 ooo

18,000

10,000

31,000

16,000
26,000

10,001

330.000

250,000

175,0l

are not very

1887.

1

t
104,000
62,000

West Shore
.

1885.

$
95,000
140,000

Del. Luck. & West

Total

1880.

important,

f
809,000

1886.

1885.

f

»

802,000

799,000

899,000
728,000

309 non

sil r
non
1

qai rvtn

177,000
349,000

387,000
218,000

102,000
230,000

,v/w

522,000

3,437,000 2,549,000 2,083,000

xcept that ot' the
Erie, which has increa-ed its earnings from the business
*

from

$62,000 to $140,COO, or $78,000. The five roads
together have earniDgs of $336,000 this year, and $250,000 and $1 75,000 respectively in 18S6 and 1885. For the
seven

months

the

total

Lackawanna has lost

is somewhat below 1886.

The

heavily, while the West Shore has
gained largely. From the subjoined table it will be seen
that the changes in this period have followed in great
measure as the result of
larger or smaller deliveries by
the roads affected, though lower average rates this year
have also had




some

effect.

Cin. N. O. & Texas Pac...
Alabama Great So
New Orleans & N. E

i

6,346
44,767

4,736
7,432
19.475
81,131
37.475
9,309
44,019
346,071
52,573
7,051
44,621

22,975
96,0-8

Flint A- Pere Marquette,.
Ft. Worth k Deuv. City..

48,574
16,081

Grand Rapids & lud
Grand Trunk of Canada..
Houston k Texas Cent...
Keokuk k Western
Lake Erie & Wesrern.

51,900

.....

372,105
56,615

.

Marquette Hough, k On.
Memphis & Charleston
Mexican Nat. (So. Div.)..

..

Wisconsin k Minnesota,
Total <65 roads)

14.139

5.676
7.791

..

Minnesota &N rthwest..
Ohio A- Mi-sissippi
St. Jos. & Grand'island..
St. L. Alt, & T. II. (M. L.)
Branches
Toledo Peoria A- W
Wisconsin Central
Chicago Wis. k Mi. n...
Minn. St. Croix k Wis..

21.36-

-

31,035

32,252

33,783

29, 95

20,916

22,285

37,027
98.141

99,726

8,141

0

'

49 6 >

1,965

..

19,066
34,685
10,826
7,193

2.965

3,5c 0

14,957
11,099

6,772
7.881

2G,0:J4
4,042
705
146

1,217
4,0-*8

4,67.*

3,985,144

29,786

i’,584
5,133

25 198

9,49:
4,<- 8 i
2,Og4

3,492,356

Tf

1,369

2,380
3,752

0,045

i,i*9*i

940
35 4

24,708
15,078
18,946
5,489
3,44 (

%

i,366
726

2?;:<92

17,259
27,088
8,83 J

1

Net increase (14*11 p. c.).

*

0

7,693 L.
1,029

12-

1,235

525,801
492,788

33,016

261

CHRONICLE

THE

27, 1887.]

August

JULY.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of the country for the month of July
and the seven and twelve months ended with July 31, 1887,
as well as comparisons for the corresponding periods of the
preceding year, as follows :
IMPORTS AND EXPORTS FOR

pto aclarij! <£o tumc tcial g nglisfr pews
[From our own correspondent.]

London, Saturday, August 13, 1887.
The tenor of

same

as

heretofore.

Quietness, consid-

partially attributable to the holiday season, still

ered to be

MERCHANDrSE.

reports from the leading commercial centres

continues much the

prevails, but business generally is regarded as sound, though
For the 7
Months ended

For the
month of

1

July. '

For the 12
Months ended

July 31.

July 31.

1887.—Exports-Domestic.....!$lS,489,543 $372,486,973

$699,648,963

13,119,597
7,287,623
*,560
$712,76
Total
j$ 19,3*4,^32 $3)9,774,596
Imports
56,49 i,*82 413,975,073 693,160,381
Excess of exports over imports
.1
Excess of imports over exports1
7,110,3so $34,200,477
1886.—Exports—Domestic
($51,863,503 $372,3 <7,410 $073,168,967
13,403,008
Foreign
8,052,617
i
9 <5,6*0

894,989

Foreign

__

J$52,' 99,18

Total

C$380,41«»,057 $686,5 /1.9,5

6 41,975,743

55,654,26* 3*4,243,881

Imports

$4 4,5lJo,2ow

imports

Excess of exports over
Excess of imports over

2,855,086'.

exports!

$3,833,824

wanting in animation.
There

disposition at first to make too much of the
Trade returns .just issued for July. The increase

was a

Board of

June of £700,000

over

favorable, but allowance bad to be made for the fact that

interruption to business during the
Jubilee celebrations, and that in conseqnence the completion of
there

considerable

was

orders which would otherwise have been effected
was

deferred to

1887. —Exports—Gold—Dorn...

Foreign
Total
Silver—Dom

exceptionally favorable character. The
exports, it may be remembered, fell short of the total for
the corresponding month of 1886 by £1,215,635, the actual
gain for the six months being £934,128.
It is commonly maintained that the closing half of the year

Foreign.
Total
Total exports

Imports—Gold
Silver

Total
Excess of exports over imports
Excess of imports over exports

$3,663,138

$187,776

$7,6*9,
$10,980,398

323.691

3,266,777

$2,007,271
$2,495,047
$2,176,552
1.336,214
$3,512,766

$14,-247,175
$21,897,098
$8,172,526
8,663,6 55

17,190.738

$17,036,191
$1,860,907

$61,695,839

$26 624.791

$1,0177719

1886.—Exports—Gold—Dom...
Foreign i

$31,041,498

15,710;

Total

Silver—Dom...

Foreign
Total exports

$1,175,311

$39,919,493

$4 ',797,9 02

$1,309,262
937,117

$9,853,391
5,392,364

$18,265,507
$-8,541,504
$71,339,486
$20,736,989
16,419..457

$55,165,246

;...

$1,98 7,719

$1,976,606
8,89",392
$13,872,9.^

Excess of exports over imports
Excess of imports over ex ports

$1,433,971

$11,292,250

Silver

10,276,047

•^15/245,4

$532,052
1,105,6 7

Imports—Gold

$32,700,897
10,697,035

8,877,9*5

$2,246,379
$3,421,690

Total

Total

$5,010,149
4,003,503
$9,013,652
$17,379,354
8,678,042
$26,057, ^56
$35,071,048
$14 505,101

3,986,785

$1,159.601

an

June

$464,446
23,330

$1,663,580

during June

July, thus imparting to the returns for that

particular month
GOLD AND SILVER -COIN AND BULLION.

in the exports was looked upon as very

$ *7, L56,9 16

$34,182,540

TOTAL MERCHANDISE AND COIN AND BULLION.

will witness better results than did the

first six months.

This

political
tranquility and the excellent weather for the harvest, is clearly
spreading. But whatever may be the idea respecting the
optimistic view, possibly the outcome of the existing

moving very quietly.
The railway traffic statements show some increases, but the
expansion is rather irregular. Moreover, the aggregate*payments of bills and checks through the Bankers’ Clearing
House since the commencement of the year, although show¬
ing a considerable excess over 1886, have not of late increased
so very decidedly.
It all amounts to this—that while business
is improving the progress is slow, and we must be content
to congratulate ourselves that the development proceeds
unchecked.
To estimate the probable rapidity of future
expansion we must await the completion of the holiday
season, when business will have returned to more normal
future, it is evident that just now we are

conditions.

1887.—Exports—Domestic
Foreign
Total.
•

$50,637,569; $387,13 *,509 $722,038,416
1,242, OlOj
25,801,142
14,541.185

Imports.

|

$101,671,694 $747, *3 ,oo->
43UJKJU264 754,856.220

Excess of exports over imports
Excess of imports over exports $8,123,069 $29,3 19,570;
$7,016,612
1886.— Exports—Domestic
$54,332,366 i$ 113,252,3 291 $721,135,371
'

1,888,507

Foreign
Total

2

>±\ 2 2,9 76 j

$56.22 *,S.3 $4o5,5.

Imports

33,776,0 to

$75 7,911,461

57,641,988; 598,1 1 6.879

Excess of exports over imports
Excess of imports over exports

679,1 12,689

$37,4&3,*2o: $78,778,772

t

$i,42i.i 15;

IMPORTS AND EXPORTS BV PRINCIPAL CUSTOMS DISTRICTS.

1M PORTS.

CUSTOMS DIS¬

JUI.V, 1887.

TRICTS AND

Baltimore,Md.!

Boston, Mass, i
Buffalo Ck.N.Y I
Champl’n, N. V
Charlest’n, S.C
Chicago. Ill
Clncinnai i, O.*
Detroit, Mich.
Duluth, Minn.
Galvest’n, Tex

Milw’kee.Wis.
MinnVa.Minn
Mobile, Ala...
New Orl’us.La
New York.N. V
Niagara, N.Y..
Norfolk, Va...
Oregon, Oreg..

Oswega’ie.N.Y
Oswego, N.Y..
Philadel’a, Pa.
Portland. Me..
San Fran., Cal.

Savannah, Ga.
St. Louis,Mo.*

Vermont, Vt..
Willamette,Or
Wilmi’g’n, N.C
Yorktown, Va.
Totals,
eluding

(in-l

I

monthx ending

•July 31

PORTS.

Imports.
,437,372
.566.7oO

253,646
445,845
30,226
931,081
217,211
170,148
14.375

!

Exports.
*
1,316.924
t,564.8531
31.180

193,437
74,087
331.758;

314,301[
867,365:

1887.

1886.

Exports.
7 months ending

July 31.
1887.

i
524,586! 7,203
29.435,471
,654,895 37,554 .858 81,441,^90
,698,012; 5.849',254
169,468
938.434
1,5 5 ,038
851,403
328 .824'
250,734
4,518,558
244,167: 5,974 .431;
773,031
519,722
1,185 ,230
384,6921
1,400 ,976
2,400,543
23 ,424'
48,023'
2,391,912
379 ,804
411,313
6,273,60 4

1886.

212.110

735,305
7,413,743
1,15*,101

32.586
55,578
268, ,098
337,336
418,,693
284,5^5
74,738
1 ,230,975
415,135'
1,433
9.506
50,222
33,,6*6
1,963,4*0!
557,255 : :,316/54
5 ,772,33*
4,790,.353 43.683,624:
36 .717,668 2 ,891,59 6272,.381,817 253,627 .249 175,625,239
215,447
2,241
1 ,786,913
1,387 ,307
6,990'
311.478
31 ,110
50,991
6.317.552
166
,208
248,838
228,278
371,146,
423.380
182,351
1, 297.434
1,060 ,433
952,566!
241,668
1.237 ,48:
209,398
898,051
645,254'
,809,873 24 637.937' 22,820 .871 20,509,501
,311,461
1 306,510
144,046
62,480
1,3-*9 ,325
1,493,2581
,490,876 35, 052,629; 24.244 ,137 15,064,782
.813,736
211 ,070
24.196
262,541
80,349;
8,626,201
1. 873.756!
232,511
1,69!, ,132
8 070,547'
112.571
2.986, ,863
826,170
512.208;
199, ,835
256,844',
31,884;
5,s5S‘
1,755,399
124 ,359
3,058
63.090
1,778.044
173,'-78
259,38'i
53, ,303
4,958.403
72,737; 469,381

j

2,348,564
961,014

4,438,560
481,192
2,036,0*6
45.160,152
179,227,728
19,042
5,923,017
533,408

950,286
592,207
19,014,307
1,880.684

18,833,317
6,427,687
987,788
3,3*0,794
1,627,419

3,270,844

-

56,494,882 49,384,532 413,075,073 184,243,881 379,774,596 380,410,057

Remaining in warehouse Ju’y 31, 1386
$36,232,552
Remaining in warehouse July 31, 1387
$36,562,329
*
Interior ports to which merchandise can be transported without
appraisement, under act of June 10, 1880.




entirely secured, and although the

yield may not turn out to be altogether satisfactory, the qual¬
ity and condition of the produce promise to be excellent. New
wheat has been selling in the leading markets fully three
weeks earlier than last year, and the prices realized have
been quite on a par with those then quoted. Tiie season,
instead of being late, as was anticipated, has turned out a
very early one, and the effects of the harvest will consequently
be all the sooner experienced in commercial circles. The mon¬
etary disturbance which accompanies the grain movements
will also be past earlier than usual, and coin will be flowing
back into the Bank at a time when it will be especially accept¬
able. The way is
certainly prepared for an improve¬
ment in trade, but notwithstanding favoring
conditions,
there is no prospect of a speedy important increase in busi¬
ness.

25.777.128
32,075,644

all

oth’r Dials.)

The harvest will soon be

.

$51,879,579
t0.L07.648

Money has again drooped.

The discount charge for three

nearly 1 per cent below the Bank rate,
notwithstanding further inquiries for gold on New York
account ; while short loans do not make more than 1 per
cent.
The recent action of the Bank has turned the Berlin
and Paris exchanges in our favor, and. thkt is about all that
has been done.
In the weekly returfi of*the Bank of Eng¬
months* b'lls is very

land ’‘other

deposits" exhibit a contraction of £1,048,455 and

Government securities a

reduction of £1,252.048.

From this

lar^je as they
consols with the object
of bringing about a closer assimilation between the open
market and official quotations.
The deficiency in bullion is
£190,879, of which only £70jK& has gone abroad, the
balance having been utilized at Home. Note circulation has
decreased £353,595, so that there is an increase in the reserve
of £162,716, and the proportion to liabilities, which last week
stood at 38*18 per cent, is now 40*54 per cent. The amount of
the reserve is now £11,283,905, or £478,000 less than last
The stock of bullion is £20,773,655, showing a reduc¬
year.
tion of £656.000 compared with that period.
it appears

w?re,

that while floating balances are not so

the Bank has been borrowing on

262

THE

The rates for money

have been

as

follows:

redeemable
Interest allowed

Open market rates.

for deposits hi

I
Bank Bills.

London

Trade Bills.

Four

Six

Three

Four

196®

July
“

15'
29

Aug.
“

*

174®

1«@2

2

5; 3
12 3

-

warehouses and

lM'l^-lH

-

July show
£7,404,175.

Circulation,

excluding 7-day and

1880.

1885.

1884.

£

£

£

£

other bills
Public deposits

25,2 S9.750

25.427,745 25,529,080

20,441,020

2,909.301

4,273,120

Other deposits
Government securities
Other securities

24,734.440
15.345,424
19.097,295

5,940,730
24,329.304

Reserve of notes and coin
Coin and bullion.

11,283.905
20,773,055

21,430,870

Reserve to liabilities

40‘54 p. c.

42 p. c.

3 p. c.

2 p. c.

Bank rate

Consols

Clearing-nouse

24,425.244

30,103,424
15,8w3,00S

14.188,370

19,979,132 21,281.243
11,752,337 15,402,012

25,181,992 23.442,072
44y.

41-8

p. c.

2 D. C.

tOljfcd.
101M
105,152.000 10< >,618.000

return

13,577,703
22,083,198
12,751,052
P- c.

2 p. c.

100 h
9%
98,949.000) 91,428,000

The bank rate of discount and
open mar ket rates at the
chief Continental cities now and for the
prev ious three weeks
have been as follows:

d Colon ial

Intsrest at

Bank

12.

Aug. 5.

Open
Market

Rate.

July 29.

Bank

Open

Bank

Rate.

Marke

Rate.

July 22.

Open
Marker

Bank

Rate.

■Open
Market

3

2} <S

3

ibi

3

234

3

014

Berlin

3

3

15U

3

3

19b

3

3

Amsterdam....

2'A
3X

2^

IH
m
2 yA

3

Hamburg

]:q
1%
m

3

Frankfort

1A£
1?S
m

314

•h\S

3)£

3?

4

4

4

4

4

3G

4

Brussels
Madrid
Vienna.
8t.

3

•■>
j

4

4

4

Petersburg.

Copenhagen...

Messrs.

3

3

2tfc
s

3

m

23*

2 Vs

3«

m

4

4

4

334

5

4v

5

5

5

5

5

'5

3

3

3

3

3

3

3

3

Pixley & Abell write

as

follows

the state of the

on

bullion market.
Gold.—The demand for bats Las now slackened,
although business chu
still be done in the open niarki t at lower
rates. The movements at the
Bank oi England lia\e been
unimportant, the only withdrawals being
£70,000 for South An erica and £50,• 00
to-day for New York; total.
£120,000. No gold has been sent in. The arrivals
comprise £15,000
from the West Indies, £17,000 fiom
India, and £10,000 from (‘Jniie ;
total, £72,000. The Royal Mail steamer takes £33,015 to tlie
River
Plate, and the Peninsula A Oriental steamer takes
£5,000, in bars, to

Bombay.

Silver. —Following Indian exchange and the lower rate
at which the
India Council yesterday sold their
drafts, a weaker feeling was felt in
this market. Subsequently, however,
higher rates were paid for rt mit
tances, and with the prospect of scarcity of supplies, the bulk of the
Chilian mail having been sold before
arrival, the quotation steadi* d at
44^1., which we quote to-day. Arrivals from West Indies were £
U),000, Horn the East Indies £2,OOo, from Chile
£36,000 and from New
5ork £13,(HO; total, £31,LOO.
The Peninsula A Oriental steamer
takes £09,200 to India.
Mexican Debars have been in good demand for
shipment to China,
and the quotation remains at 43Ycd. The
only arrival is £ 14,00 j from
the West indies. The Peninsula & Oriental mail
takes £58,950 to China
aLd the Straits.

The quotations for bullion

reported

as

on

on

Aug. 1

ar

follows:

GOLD.
London Standard.

Any. 11.
s.

Bar gold, One., oz.
Bar gold, contain'g
30

August 11 mid

®gts. silver.oz.
Span, doubloons.oz.
a,Am.doubloon8.oz.

77

d.
9

A uj. 4.

i

d.

s.

77

SILVER.
London Standard.

£

£

31,507.016
29.452.497
28.958.150

9

Bar silver

Aug. 4.

d.

d.

oz

4iq

Bar

77 10

77 10
•••

...

sllver.contalning 5 grs. gold.oz
Cake sliver. ...oz.

44?4

445k

47-^

47 tl-1

Mexican dols...oz

4:’, 5-10

4314

The capital issues for the week have been:

Eclipse Electric Battery Co. (Limited), £1 shares
Capital, £350,000. Present

Merry vale Co. (Limited), Otago, New Zealand, £

shares.

221.501,617
200.284,040
207.748,215

d Colonial

123.571,934

18,480.874

121.S42.1S6
123.477.285

5,835.372
6,097, lu7
5,541,604

.

Quantity.

/

1886;
14,367
2
456

Oxen and bulls.... ....No.
Cows
....No.
Sheep and lambs.......No.
Wheat - Atlan. ports.cwts. 1.345.S43
Pacific ports
1,229,5£ 9
Flour
..cwts. 1.157.546
Bacon

..cwts.

Eeef—Salted

..cwts.
..

Pork—Salted

75,000

Central Produce Market of Buenos
Ayres 6 per e* lit 1st mort¬
gage sidling debentures; issue price, 97 per cent

cwts.

Sugar, refined
Copper ore
Regulus, Ac

cwts.

Un wrought

wrought
Cotton, raw

2.544,361
3.'4,283
955,069

977,896
151,303
522,396

616,043

141,234

345,082
22,778
3 65,699
152,366

11,157
40,4-18

72,912

282,643
14,7-65
93.937
194.540

4,853
10.023

80.366

7
1M 86

20,843

2.219

12,80t

16,076

134,572
8,761
64,413
67,415

273,595
11,569
97,478

7.821
2

P'6,073

27,381
110,100

142,312

5 4.466

tons.

182

'2,366

and partly
tons.

157

179

654.693
4 2,206

6,750

7,315

1,659,118
49,220

380,116

35.848

30,231

143,7 61
35,105
15,533
36,475

80,381
3,408

,983,295

53,296
94,059
7,513

2,410,526

91,450

114.326

cwts.

United Stales

2.211

1,606

7.488

the exports

are

60

tons.

Tallow
cwts:
WoodA timber—Hewn.lds.
Sawn and split
loads.
Clocks
No.
Leather
lbs.

Below

£258,000

40

684
506,787
458.743

4,835
137,116
4,919
57,527
lo7,291

..cwts.
cwts.

Lard..

£284,572

3

..cwts.

,

1887.

4

58,929 "

4C669

36,995

of British and Iri>sii ]‘T! .luce

during July,

far

as

as

.gathered

be

can

0

me

from

these official statistics

Quantity

Horses
Beer and ale
Salt

.fibls.

Spirits

galls.

1886.
93

No.
tons

Wool
..IbS.
Cotton piece goods...yds.
Jute—Yarn
lbs.
Piece goods
yds.
Linen—Yarn
lbs
Piece goods..yds.
Silk broadstutls.... .yds.
Other articles of silk only
Articles of silk and other
materials
Woolen fabrics
yds.
Worsted fabrics.
yds.
r.

,

2,318
18,407
2,981
1.5 >3,100

2,430

32,566

tons

169
6,162

142
27,7 66

Hoops, sheet, Ac. tons

3,998

Cast and wro’t..tons
Old, for reuinftr.tons

3,691

259

160

3,550
18,915

11,323
21,428

5.0 25
675
22

20,063

Tin—Plates
Steel, un wrought
Tin. un wrought
Lead.

..tons

tuns

cwts.
tons

85,921
9,894
60,389
5,429
136,53 7
10,923
3,713

208,455

63.181

16.97-7

Cement
cwts.
Earthenware A porcelain.

7,445

23,951

468
454

367
L 55

..cwts.

........

258,452
36,181

1,827

310

645
4.816
47,877

5,446
21,366
62,949
2,010
46.799

49,791

80,715

1,801
1, 00
54,806

1,231
754

58,150
7,322

7,874
as

follows:

To and fro n United .States.

1885.

1680.

1887.

1885.

j

1880.

1387.

£

£

£

£

i

£

£

1

1,222.755
7,008.050
8>2,05'3.27 5,202

629.305
7 m«»ntliso 5,tWl,5v*3
Exports in July...
872.772
Do
7 m mths.i 0.210,093
1)0

lu2 912

3,402

65,137
6,799
15,252

.........

To and from all Countries.

Imports in J ulv...

2.859
32.126
2?2.792

9,438

Paper—Writing, printing,

—

23,339

1,870

20,602

’18,066

Do
7 mo a s.
Exports in July —
Do
7 months.

91,471
1,033
130.418

2,914
39,3 U
7,245

doz.

All other kinds.cwts.
Skins and furs
Stat ionery .oth’r than papT

80,546
195,855
205,562
15,018
35,004

25,783
25,758

363
51

cwts.

Ac

6,644

93,543
1,686

machinery.

Bags and sacks

6,015

217,758
19,939
26,409

Apparel and slops
Haberdashery A millinery

Alkali

9,962
73,997
4,095
195.358

65,779
199,327

-

1887.
£2.77 5
lu.809

12,452
2,607
37,515
95,822

1,065
66,7 6 Z

1,945,300

39.: 00

Bar, angle, Ac..tons
Railroad

18.317

3,226,500 3,355.900
1,362,800 1,139,000
7,986,600 10,4 40,000
204,300
151,300
7,738,-00 8,039,800
41,185
18,881

915,70>
3,3 L3,0C0
115,500

Hardware and cutlery....
Iron and steel—Pig...tons

£2,2t 8
11,531

13,133
7,9 LS

9.6,200
3,739,100
121,900
yds.

Carpets

Tamc1886.

1387.
159

1.090.002
0.014,7 01
700,500

723,030
5,015,702

1.010,011,
4,092,182'

7,752,470

2,377

800,130

•.(
30,100,

!

SILVER.

£300,005

Trade

1886.

13,237

34,101 •
15,08 5

Butter

Imports in July
v

States

Tame.-*

/

1887.

200,825
13,963
72,180
68,387

Fresh
cwts.
Hams
..cwts.
Meat, unenimicrat’d.cwts.
Preserved

-

preferred

34,911,195
33,103,818
35,700,903

returns:

S3,340

>

7 Mas.
£

£

13,173,846
19,181,395

Mdse, dc.

July.

£

following shows the imports from the United
during July .so far as enumerated in the Board of

£70,0C0

FOREIGN.

The well-known

£

The

COLONIAL.

The

-Re-exports Foreign—n

Irish Produce, dc.
July.
7 Mas.

The movements in pr eeious metals have been

local.

James McEwan A Co. (Limited.)
issue 3,334 £10 deferred shares

Exports British d—,

Produce.
7 Mas.

Steam-engines
Other kinds of

Aug. 11.

imports and exports dur¬

July.

Fish
Au (j.

on

months:

seven

^-Imports Foreign

Cheese
Bates of

land, situated

own

Railway of Buenos Ayres

just published the imports
decrease of £494,341, but an increase to date
In the exports the gain for the month is

a

ing July and the

1885
1886
1S87

1887.

their

on

£701.021 and for the seven months
£1,035,149.
The following are tlie totals of the

following return shows the position of the Bank of
England, the bank rate of discount, the price of consols, &c.,
years:

central market

In the Board of Trade returns

The

compared with the past three

a

the Riochuelo Harbor.

of

196®

through the action of a sinking-fund of >5 per cent.
are issued to
provide funds for the erection of

at the terminus of the Western

for

j2 @2^

[Vol. XLV,

The debentures

Daw

Banks.

@2^; 2^2*4
lk®l%j1^® -|2 @ —jl&®2
@2&'2!4@3
-l1^® -jSsJi® - 1%@2
©214,2}4@9
i%Sl^jl^® -|2^«a -;i»®2
2X@ -j296® -SiJS® - 2H(&2%|2^@3
j 3 @3^
\2Mfc 2J4 2-56®
21^(32-K 2fc@3 1 3 @3^1

2

22 2

“

-

7 to 1

Stock

Six

Months Months Months Months Months Months

“

Disc’? £P«<

Joint

Three

r

CBR0NLC1 E

570,1 43

610,813.'
4.275,730
518.543

4,4 0S.026
504.406

268. If.8
1 ,701.007
250
811

110,433
2,901,5401

3,120
20,000
2 08,000

347,609

-29,800
'

77,240•
1,000,361

185,003
1,040,083

carrying firm of Messrs. Carter 'Patterson
4,440,010 4,34s,7t)s;
5.629
into a limited
A more active wheat m irket has been
company, but no sub
repart'-Iw C). nparascript ions are invited from the public.
lively
large
supplies
of
the
new produce have come forward
Messrs. Morton, Rose & Co. invite
subscriptions ixf -€300.001 i/i good quality and condition, the average weight being about
first mortgage 6.per cent
sterling debt Mur *? of C
dO lbs. to the bushel.
Good red is quoted at 33s. an 1 white
Produce Market of Buenos Ayres at tlm
pre e of .*•’
;
;oat
Jos.-per quarter. It isratheivdoubtful whether these prices will
& Co. has been turned




.

1

August
be

THE

27, 1887.]

CHRONICLE

maintained,

as there are probably many needy members of
agricultural community who may be compelled to realize,
and forced deliveries are likely to produce some unsettlement
of values.
Statistically, the position just now points rather to
a hardening of prices, but statistics do not count for much
when the agricultural interests are so impoverished,
The
market for old samples of wheat has been very dull during
the week, and prices have fallen Is. to 2s.
The following shows the imports of cereal produce into the
United Kingdom during the 40 weeks of the season and other
items compared with last season:

the

3.765—The

1RR6-97.
cwt

Barley
Oats
Peas

Beans.................

Indian corn
Floor

1885-86.

50,849,443
15,777,004
13.204,094
2,412,558

46.943,979
9.728.969
10,231.916
1.985.970
2,908.8 44

2,434,687
29,261,768

29,583,“43

15,904,350

13,768,074

1884-85.

1883-84.

54,385,130
16,080,041

48,610,364
13,993,271
12,433.977
1,610,504
3,027,648

12,173,522
1,879,050
3,463,614
26,109,511
15,826,581

27,357,341
14,127,346

Supplies available for consumption (exclusive of stocks
September lb
1886-87.

1885-86.

Imports Of wheat.cwt.f 0,849,4 13
Imports Of flour
15.904,350
Sales of home-grown..30,896,963
Total

1884-85.

on

54,385,130

13.768,074
39,987,788

15,826,581
39,021,637

week. 33s. lid.
33s.

season.

Kngliati

Financial

Id.

1885-86.
31s. 8d.
30s. 9d.

1884-85.
33s. 6d.
33s.
2d.

1883-8437s.
6 1
39s.
31*

.Rarheli-Per Cable.

The

daily closing quotations for securities, &c., at London
reported by cable as follows for the week ending Aug

,

Sal.

Erie,common stock...
Illinois Central

Pennsylvania
Philadelphia & Readim
New York Central

Mon.

Tues.

Wed.

Thurs

Fri.

445a
101”16

4 4-'>s

101»1G

101 S«
81-05

10:9,*
81*75

11658

llOkj
130i.i

130 Si
59

try-h
321s
1231-2

58

8478
31^8
I23q

‘

V

57 ia
2 A,
113

277s
1125s

44 34
101 82
101 Si

44131(, 4;\
101 "in 101 q«

45 b?

lOll-j

81*00
11018
12983
57 34

81-95

847s

84 :S
313s

29

1121s

91*85

11018

11(>38

110

129 bj

1291.1

57 J4

56
84 *4
31
123

12 S -S
56 *a
8 4 Si
31
122

315*
1L 314
57 *8

iou18
101ba

101 bj
S1 -90

1231*
57
28
11134

5t-8

0.

27
n lis

27

IU)*4

©ommcrcial anti miscellaneous JJeujf
National Banks.—The folio wing banks have

recently been

:

First National Bank of Russell Springs, Kansas. Capital,
$50,0u0. James S. Warden, Presid’t; J. T. Pliiunev, Cashier.
First National Bank of Wa Keeney, Kansas. Capital, $,‘:0,000.
A. II. Blair, President; R. C. Wilson, Cashier.
and

Exports for the Week.—The

imports of last
week, compared with those of the preceding week, show an
ncrease in both dry goods and general merchandise.
The
otal imports were $10,867,467, against $ 10,192,1S3 the pre¬
ceding week and $9,164,776 two weeks previous. The exports
for the week ended Aug. 23 amounted to $6,241,345, against
$6,769,434 last week and $5,586,588 two weeks previous. T1 e
following are the imports at New York for the week ending
for dry goods) August 18, and for the week ending (for gen¬
eral merchandise) Aug. 19 ; also, totals since the beginning o1
the first week in Januarv

:

FOREIGN IMPORTS AT NEW YORK.

For Week.

1884.

Dry Goods

1885.

1886.

1887.

Gen’lmer’dise..

$2,617,113
5,066,058

$2,939,679
6,012,192

$3,034,853
5,575,200

$3,553,049
7,314,418

Total
Since Jan. I.

$7,683,171

$8,951,871

$8,610,053

$10,967,467

$76,699,035

563,983,039

202,688,007

178,081,846

$75,218,856
200,698,368

222,610,921

$242,064,985'$275,917,724

$3> 2,722,968

Dry Goods
Gen’l mer’dise..

Total 33 weeks. $279,376,042

In

ireat Britain
France

$80,112,047

$

Germany
Vest

Indies

$120,253

Since Jan. 1.

$
9,650

$2,177,704
1,526,465

10,000

17,957
968,101
2,360,217

762,099

3,035,1-7

514,256

2,253,490

5,000

2,260,114
471,739

4,400
4,173

183,531
126,139

$6,198,281 $1,294,578
36,995,732
434,092
6,369,4,-t 1
12,744

$9,318,538
3,722,055
6,052,560

dexioo
loutli Amerloa.......
Ui other conn tries...
Tetal 1887
Total 1886
Total 1 835.......

Week.

$15,000
200

39.72S

9,962

Silver.
ireat Britain

France

$163,000
56,700

$5,620,421
759,473
118.640

410

9,494

152,549

2.938

Vest Imres
tlexioo..
loath America
411 other countries...

$211,665

$

21,358

1,110

51,107
35,219

70,999

2,469

202,118
364.656

$6,759,067
6,752,396
11,495,208

$6,927
65,160
9,225

$1,387,389
1,071,739

1,102
.

Total 1887
Total 1886
Total 1885

Of

$2 30,296
166,18.1

311,920

1.379
149,125
387,540

1,229,008

the above

imports for the wees in 1887 $3 2.150 were
gold coin and $2,239 American silver coin. Of the
exports during the same time $15,000 were American gold
coin and $3,209 were American silver coin,
United States Suh-Treasnry.—The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past wee’s:
American

Date.

Receipts.

Payments.

Coin.

i

$
Aiur. 20
11
22
44
23
44
24
6 i
25
26
*

13,568.510

10.327,022

1,395,32*2
1,335,336

*

Total

3,089,378

$
1,029,993
1.395,265
1,411 824
2,03 \296
1,693,057
2,7* 5,597

1,935,996
6,063.721
1,749,757

..

Coin Cert's.

1

$
134.847 130;
134,87 5 599

$

| Currency.
i
$

10,261,388, 13.629

067

14,320,2911

13,612 448

134,995 499
134,92 ‘ 909

15,155,264

13,695 506

1,485,522!

13,694 964

134.9 2 285

14.034,690

134,991 191]

12,324 875

13,746 609
13,747 2‘96

1

1

U.

U. S. Bonds Purchased.—At the Treasury purchase on
■Wednesday Secretary Fairchild accepted $3,138,400 of the
bonds offered him.
The bonds bought are as follow.-: Harvey
Fisk & Sons, $300,000 registered at 109 flat, $300,000 coup mat
108 11 16 and $1,200,000 registeied at 108 11-16; Lockwood Sc
Grosman, $25,000 coupon at 109 ; P. V. Higner, $2,000
coupon and $100 registered at 107*907; Boston Marine Insur¬
ance Company, $100,000 registered at 109 Hit: New England
Mutual Life insurance Company, $200,000 at 107 97, $210,000
at 108*207 and $200,000 at 108 307; Provident Ins itution for
Savings, $300,000 at 109; New Bedford Institution for Savings,
$150,000 at 109; Mrs. Cora II irriman. $301 at 109: B*njiinia
H. Field, $20,000 at 108^. $40,000 at 108and $101,000 at 109.
The total amount of bonds offered was $7,148,900. The
bonds offered and not accepted were as follows—all b?ing
registered except rtherwise nor.-*d: First National B 11k of
New Yoik, $1,450,000 at 109 98; J. Reynal of Ne-v York,
$100,000 at 109%; Foote & French of B ston, $20,000 regis¬
tered, at lOvHg; $10,000 coupon at 109%; Mary E. L ithrop of
Hawkinsville, Ga., $4,000 at 109%; Samuel B tilie of Phila¬
delphia', $9,00! coupon at 109
; A. S. Pratt Sc Son of
Washington, D. C., $12,500 at 109%; H irvey Fisk & Sms of
New York, $2,000,000 at 110 and $200,000 at i09%.
Union Elevated.— The Union Elevated Railroad Company
of Brooklyn has mortgaged all its property and fran thises to
the Central Trust Company for $7,000,000.
The bonds will be
issued as the work of constructing the road proceeds.
,
—We have received from Messrs. Searing & Hyde of No. 40
Exchange place, a copy of a compilation by Mr. Casper H.
Eicks, which shows the New* Ycik *quivalents of quotations
for American securities dealt in at London by eighths based
on the various rates of sterlii
g exchange by half cents.
This
handy little book is calculat> d to be very useful to parties
w
ishing to comp re the London quotations.

The Ontario Silver Mining Co.

announces its 135'h divi¬
$75,000, fo* July, payable by Mtssrs. Lounsbery & Co.,
Mills'Building.
*
*a(

der d of

report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
8pecie)from the port of New York to foreigh ports for th<
week ending August 23, 1887, and from January 1 to date:
our

EXPORTS FROM NEW

YORK

FOR

THE

WEEK.

...

[
For the week...!

Prev.reported..!

1984.
$6,999,408
203,16 1,354

1895.

$6,107,139
202,839,216

1886.

1837.

$6,429,9’6

$6.2 41.3 45

190,990,777

188,111.972

Total 33 weeks. $210,062,762 $209,937,355 $197,420,693 $194,353,317

auction

following table shows the exports and imports of specie
the port of New York for the week ending Aug. 20, and




were

by Messrs. Adrian H. Muller & S

sold
>n :

this week at
^
'W

Scares.
Bonds.
]
4 Nat. Bank of Commerce
172-5j ; $4/00 lT. S. cur.Bs, reg.,1899.131
3 American Exel*. Nat. B’k 141
! $:•!,(!< 0 U. s. cur. 8a. ret'., 189^.124^8
2 0!<1 ('nli ny RR. Co
,...173S> $1 JOOU.S cur. 6s,reg.. 1895.121
..

Exchange Lank... ,lbOS2

18 IMarket Nat local Bank
173
1< Hanover National Bank
173
10 Bank of North Ametica... 12 » ^
4 Nassau Bank
1 1 *4
18 Nat. B’k of the Republic. 13H1q
20 20 Avenue RR. Co
12 >
11 Continental Insurance Co.i2-J4
5o

The

„

Auction Sales.—The following

5 Oort.

at

Since Jan.l.

1

Silver, per oz
d.
Consols for money
Consols for aocount
FFoh rentes (in Paris) fr
U. S. 41*b of 1891
U. S. 4s of 1907
Canadian Paciflo
Chic. Mil. &St. Paul...

Imports

Week.

Imports.

Balances.

London.

organized

Exports

Gold.

48,610,304
14.127,3 46
38,819,166

97,640,756 100,699,241 109,233,34 S 101,556,876

Aver, price wheat
Aver, price wheat

26.

EXPORTS AND IMPORTS OF 8PECUE AT NEW YORK.

1883-84.

46.913.9 79

1886-87.

January 1, 1887, and for the corresponding periods

1886 and 1885:

IMPORTS.

Wheat

are

since

263

City Fire Insurance Co

115

4,500 JDa\ ton & Michigan RR.
Co., common
100 Standard Oil Tiust

<

21s

175

if 1,1;OO N. Y. Si Oswego Mid.
1st 7s, due 1804.
Jan., 74,
cp

$40

on..

$20 Etie Railway Co. Frac¬
tion; 1 pref. stock scrip
$2
•
$',000 City of Brooklyn 7s,
1
Public Park, due January,
1 18
i
15‘34&int.
!
$5,000 City of Brooklyn 7J.
N.
Y.
19.0

Bridge,

« >no onrw in

due

July,
159\ «fc int.

Hum

,lT)nv 41ns

77b>

THE

264

CHRONICLE.
efforts to capture the
itations for proxies. ,

Sauking aad Ifinaact tl.
TO THE STOCKHOLDERS
OF THE

NORTHERV PACIFIC RAILROAD COMPANY.

You liav-' been requested, through au advertisement, to give your
proxies at the coining election to certain persons who profess to have
a Jaroe interest in the Northern Pacific Company, and to be desirous of
reforming the management. As the plea of reform always has more ot¬
iose of attractiveness to every one, and a* the majority of the stock¬
holders may not fully understand the facts in the present situation, it
mny be well to place these professed reformers in their true positions.
With tluce exceptions, the names appended to the advertisement are
those of brokers. They ate a'l respectable, but are simply middle-men
and, in the main, represent the three men already excepted. Those
men are John D. Rockefeller, < f the Standard Oil Company; Charles L
Colby and Elijah Smith. Mr. Rockefeller’s position is that of a capital¬
ist who is trying to protect a large amount of money already invested
in certain enterprises which do not .just now promise well.
His opera¬
tions are conducted through the firm of James B. Colgate & Co. This
firm consists of John B. Trevor, James B. Colgate and Colgate
F- r
sune
occult
reason
Hoyt.
these
gentlemen
have
seen
fit. to sign the advertisement as individuals, and to suppress

their firm

name.

But their firm and

LVol. XLV

Mr. Rockefeller are, so far as this

contest is concerned, iden ieal.

Through them Mr. R>< kefeller bough
something over $f>,000,0 0 of Union Pacific stock, and to represent
him one of their number, Colgate Hoyt, was made a director in the
Union Pacific road, a position which he still holds.
He is also a director
of The Oregon Railway' A Navigation Co.
Charles L. Colby is the President of the Wisconsin Central Riilroad
Company. The railroad system of which this company is the chief com¬
ponent part, at.d of which Mr. Colby is the ruling spirit, has ret ently
spent about $6,0< 0,- CO in acquiring terminal facilities at Chicago.
These facilities are valuable—too valuable, in fact, for the roads which
have to pay for them. The Wisconsin Central system is insignificant,
and its earnings are utterly inadequate to pay interest charges on th’s
lavish expenditure in Cnicago. To this enterprise Mr. Rockefeller lias
-been a very large, probably the largest, individual subscribe,r. Messrs.
Trevor, Colgate and Hoyt have also subscribed. Therefore they are all
interested in finding new business and connections which shall help

Northern Pacific Company through specious solic¬

But while the real control of the Oregon & Trans-Continental, and
Oregon Railway A Navigation companies rests with this Union PacificWiseonsin Central combination, Elijah Smith is no dummy.
In fact,
lie is in Western phrase “a rustler,” and is the most active individual
force at work in the party.
Like his co-conspirators, he has au axe to
grin 1. He is not only a notorious speculator, but equally well known
as a bull on everything hut the Northern Pacific stocks.
And the
present depression finds him at a disadvantage. B dieving that the
lease of the Oregon Railway & Navigation would advance the price of
that stock, he added to his already large holdings at prices 10 per cent
above present figures, aud now finds himself without a market.
More,
over, knowing that au advance in Oregon Railway A Navigation would
help Oregon A Trans-Continental, he bought freely of that and has seen
it decline almost as much as Oregon Railway A Navigation.
But liis anxiety is not simply peisonal.
B3t some process, the details
of which would d -ubtless interest the Oregon A Trans Continental
stockholders, this Company has been loaded with some $3,000,000 of
the Oregon Railway A Navigation 5 per cent oonds, which wee sup¬
posed to have been sold to a syndicate in which Mr. Smith and some of
the Oregon

& Trans-Continental directors

market for

bonds has not been

interested.

were

good recently, and

so

But the

the Oregon A

Trans Continental

Company has been saddled with this burden. This
floating debt, until it now owes over eleven
millions of dollars, as against about $8,000,030 as sliowu by itslast
report
Two-thirds of this has been borrowed on call or short timeTwo millions must be paid before October 1, and seven millions before
November 1.
Iu view of the fact that 6 per cent is hid for tune money,
on good collaterals, without
bringiug out large amounts, aud iu view of
tile general apprehension prevailing as to the near future of the money
market, is it strange that Mr. Smith is desperately anxious to 8''e the
Northern Pacific forced to join the Union Pacific in th* Oregon R tilway
A Navigation lease, and to see the Union Pacific put in a position
lias, of course, added to it

wh

re

it

can

dictate its

own

wonder that he breaks into

a

terms to

cold

the Northern

Pacific?

No

perspiration wiieu he thinks of what

may happen to him if his schemes fail !
Such, fallow stockholde; s. are the plans

and motives of the triple-head¬
trying to grasp your property. The present manage¬
ment is not beyond criticism. But it cannot bw denied that it is inter¬
ested exclusively in the read.
Belmont, Harris, Wright and Oakes may
hove made mistakes, hut it will not he claimed that they have ever
worked, cr are likely to work, for a rival organization. Give your
proxies to Smith, Colby and Hoyt, and you vote to place in control of
your property men who, like leeches, will s ip its vitality at b >th its
them out of their present predicament.
Eastern and Western extremities, and who will use its resources for the
1 he Wisconsin Central meets the Northern Pacific both at St. Paul
benefit of other and rival corporations. Ktep) our proxies and attend the
and Ashland, and if the Colby party could get a eo itrolling voice in
meeting of the stockholders, and make there your criticisms or sugges¬
the Northern Pacific management, it would be easy to make such traffic
tions as to the management of the road. - Investigate the foregoing
arrangements as would aid materially the Wisconsin Centml system.
statements, and you will find that, while they are absolutely true, the
But what would the Northern Pacific gniu byr such an alliance? It now I half has not been tol i.
Notin this generation nas a more audacious,
has the choice of six lines to Chicago, and Mr. O ikes. the General * unscrupulous and cunning effort been made to
capture a great rail¬
road.
But then it is tlie first lime that Standard Oil magnates, promi¬
Manager, has always maintained the wisdom of prese viug it,-* inde¬
pendence. Union with the Wisconsin Central would inevitably-inten¬ nent leaders in the Baptist Church and reckless Wall Street speculators
have joined forces in a common cause.
sify competition with the Milwaukee A Sr. Paul io id, wh ch is bitterly
Stockholder.
hostile to the Wisconsin Central. Mr. VillarJ intended originally to
make such an alliance, and bought a large amount of the Wisconsin
United States Government and other desirable
Central stock throi gh the Oregon & Tians-Continenfal Company, and
Mr.Colby went into theOiegonA I raDs-Contiuenral dii ectionin 13*0 with
SEC IT R I T I E S
the avowed. intention of carrying out Mr. Villard’s scheme. He also be
FOB
came a director at the same time in the
Greg- n Railway A Navigation
INVESTORS.
Company, and for thr< e years has been trying, through both of those
companies, to help his Wisconsin Central system. He has neve had
anything hut a very small pecuniary interest in eit her the Oregon A
All stocks and houds listed on the New York Stock E'cc.tnnge bought
Trans-Continental, the Oregon Railway A Navigation Company or the and sold on commission for c is'i.
Deposit accounts received aud interest allowed on monthly balance',
Northern Pacific companies.
subject to draft at sight.
Elijah Smith is the President of the Oregon &rTrans-Continental and
a A K v t$ Y
F L 3 K
&
s*) v S
Oregon Railway & Navigation companies.
In 18-86 an effort was made
ed paity which is

to oust lnm from the O eg n A

Transcontinental Company, au t ffortby the way, iu which Messrs. R »ekefeller, Trevor Colgate Hoyt and
Colby joined. It failed but it come so near success that Smith, in order

to save himself,

was

fo ced to surrender the actual control of his

ends to he served

in

went in the Wes’.

the East, so the Union Pacific seeks i: sown advance,
It

was

part of t lie surrender just referred to that the

Union Pacific should lease the Oregon Railway & Navigation ( ompa-iy,
and guarantee 6 per cent dividends on its stock.
This was done

promptly, under the shield of the Oregon Short Line, and because the
Northern Pacific refused to join the lease, on the ground that the
Oregon R ilway A Navigation Company had nev-r earned, was not
earning, and was not likely to earn, 6 per cent on its stock, war was de'
clared. The Oregon & Trans-Continental Company, governed by Union
Pacific-Wisconsin Central directors, has sought to restrain the patties
friendly to the Northern Pacific from bui'ding roads which would give
itbusimss.

One such

effort

was

defeated, another

pleaded

A:

RED

V>

tic.

SiLIVA, N. Y., 4§,

MOUNTAIN, 6s (No. Pac. guarantee),

CRAWFOROSVILLE, IND., WATER WORKS CO., 6s,
CITY

OF

CINCINNATI

6*, 7k, 7 3-10«,

SARATOGA, N. Y., GAS A ELECTRIC
FOB SALE

LIGHT CO.

BY

COFFIV & STANT >N, Bankers,
10, 11, 12 an l

13 Mortimer Ituildin&r, Wall Street, N. Y.

GRISWOLD
A

o.

3
A

A

Wall

e wr

G I L

LETT,

Street,

York.

succes-fiil.
committee spec,

of business (and it must be admitted that
he has had his own troubles), and the requests of the Northern Pae'tie
have been evaded. The time has, however, been used to make dilig« nt




HELENA

OF

Naw

was

Meauwhilc, the Northern Pacific has tried, through a
ially appointed for the purpose, to secure interviews with Union Pacific
officials, aud thereby reach an equitalPe basis ofsettleme.it. But Mr
Adams has

TOWN

ioiu-

panics to the Union Pacific—Wisconsin Central paity. Colgate Hoyt,
representing both interests, in bell ilf of Rockefeller and his own part¬
ners, went into the direction of the O egon Railway A Navigation Com¬
pany, and Fred. L. Ames and Sidney Dill n were elected directors o!
the Oregon A Trans continental Comp my as representatives of the
Union Pacific. From that time the Oregon A Trans-Continental, and Ore.
gon Railway A Navigation companies have been abso utely controlled
by this combination, of which IToyt (representing Rockefeller) and
Colby form the connecting links. And as the Winconsin Central lias its

Nassau Strshu.

28

DEALERS

IX

pressure

INVESTMENT

SECURITIES

6s,

August 27,

THE

1887.J

gawkcrs' (ffeette.
DIVIDENDS!
The following

Name

1

Per
Cent.

| and 5

j 3913 16® 39| and 40 1-16@40|.
j The following were the rates of domestic exchange

When

Payable.

Books Closed,
(Days inclusive.)

14
24

Paeilic Mail

1

|

Sept.
Sept.
Sept.

selling £(§)£ premium; Charleston buying par; selling
premium; New Orleans, commercial, 25c. discount;
bank, 50c. premium; St. Louis, 75c. discount; Chicago, 60c.
discount.
The rates of

15 Sept. 2 to
1 Aug. 21 to
j
15'Sept 8 to Sept. 15

Vu«. 2ti, 18S7-5 P.31.

leading bankers

are as

sterling bills

fellows:
Sixty Days.

August 26.
on

London..

Prime coimncrcial

Documentary commercial

The

New

!@4

Prime bankers’
WALL STREET, FRIDAY,

on

to-day: Savannah, buying

par;

i

Railroad*.
Cin. Tnd. St. Uouis & Chic. <qiuu\)
Fort Wayue & Jackson pref
Miscellaneous.

22£®5 23£; reichmarks, 94 3 16<g)94$ and 94£; guilders,

York at the under-mentioned cities

dividends have recently been announced >

of Company.

265

CHRONICLE

4 85

4 814
l 794 34
934
4

•

Demand.

73434 794

,

.

■

*

4 7fH®>4 794;




Continental bills

were:

Francs, 5 25§@5 264

last Board.

■

5 234®5 224
Money Market and Financial Situation.—The Treas. Paris (francs)
5 2; 4 d 5 : 5
394 339
39i516fr40
Amsterdam (guilders)
nry purchase this week resulted in the taking of $3,138,000 Frankfort or Bremen
9443944
944 3944
(reichmarks)
bonds at lower prices than before.
This is at the rate of more
United States Bonds.—The Treasury operations in Govern¬
than $12,500,000 per month, and if kept up would practically
ment bonds tend to unsettle the market somewhat and also
return the Treasury accumulations to the market.
The princi¬ restrict business at the
Board, which has been quite dull all
pal argument for the purchase of bonds is found in the fact the week. Prices have been rather irregular, the quotations
that the last Congress neither provided for reducing taxation for 4$s especially having varied considerably from day to day,
nor for
disbursing the surplus funds, and consequently the and closing somewhat lower than a week ago, owing to the
lower prices at which the bonds were offered to the Secretary.
U.S. Treasury in the active autumn months would be drawing in
The 4s and 6s are also a little lower in sympathy.
The oilers
a large sum of
money when the market most needed it.
If it to the Treasury Department amounted this week to $7,148,900
is urged by some that it is not the province of the U. S. Treas¬
and the acceptances to $3,138,400, at prices ranging from
107*90 to 109.
ury to shape its actions so as to relieve the money market, it
The closing prices at the N. Y. Board have been as follows:
may be replied, with greater force, that much less is it the
I
!
I
province of Government to rapidly accumulate great sums of
Interest Aua.
Aug.
Aug.
Aug. 1 Aug. 1 Aug.
Periods
iO.
22. j 23. j 24. j 25.
money in its treasury, and thus create a stringency in the mar¬
26.
ket, and throttle the natural activity of business.
44s, 3 891...
..reg Q.-Mar.'107
1074 1074 1074 107 ;* 107
103
,*:08
The Stock Exchange has shown further depression this week 44s. 1891.... coup. Q.-Mar. 1*108 *108 .*1033* *109
,n25
4s, 1907
..reg. Q--Jan. *1264 1254|*l-54 *1254 4254
on a moderate business.
The decline was assisted by the fail¬ 4s, 1907
.coup. Q.-Jnn. .*12641*12 4* 125 4 *1254 *1254 *125
6s, cur’cy,’95 ..reg. J. & J.;*1214:*1214 *121
*1214 *121 *121
ure of Grovestcen & Pell, a stock brokerage firm that had been
*1234 *123 i*123
6s, our’ey, ’96. ..res J. & J. *1234 *1231**123
*126
cur’cy, ’97 ..reg: J. & J. *1264 *1264 *120 ,*1264 *126
negotiating the bonds of the East & West Alabama Rail¬ 6s,
*130
*130
6s, cm’ey,’98 ..reg.J. & J. *130hi *1304 *130 ,*130
road; their liabilities at the Board were relatively small. The 6s, cur’cy,’99 ..reg. J. & J.-1314 *131 *131 ,*131 '131 '*131
situation in stocks appears to be nearly the same that it has
This is the price hid at the morning boaid; no sale wa6 m ide.
been for some weeks past.
The railroads report large earn¬
State and Railroad Bonds.—The businses in State bonds
ings, the crops taken all round are probably above an average,
while the general condition of business is good ; but there is has been rather scattered, quite a number of issueshaving been
no active buying of stocks and no strong parties incline
to lead sold, but without particular activity in any class.
In railroad bonds the transactions have been somewhat
a bull movement. On the other hand, a considerable bear interest
limited and no general activity has been apparent.
has sprung up, and this is helped, according to common belief,
Prices
have been quite unsettled, in sympathy with the stock market,
the
by
quiet operations of one or two of the heaviest operators.
and most of the leading or more active bonds have declined—
Be this as it may, the tendency of prices is steadily downward,
and the gradual shrinkage is bringing many stocks to a point a few quite sharply. The most active class has been Atlantic &
Pacific incomes, which have declined more than 5 per cent,
where they will be a good purchase on their merits.
and others showing some weakness have been Green Bay in¬
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 7 per cent,
comes, Missouri Kansas & Texas 5s and 6s, Detroit Mackinac &
the usual rate stock to stockbrokers, on good collateral, being Marquette land grants, Richmond & Alleghany lsts, N. Y. City
5<&6 per cent. To-day the rates were 5@7 percent. Prime & Northern general mortgage, St. Louis Arkansas & Texas
lsts, Texas & Pacific Rios, Erie 2ds and West Shore 4s.
commercial paper is quoted at 6(g) 7 per cent.
The Bank of England weekly statement on Thursday showed It will be noticed that these are all among the lower-priced
class, the higher-priced and investment bonds being firmly
a loss in specie of £162,000, and the percentage of reserve to
liabilities was 42T5, against 41*47 last week; the discount held as a rule.
rate remains unchanged at 3 per cent.
The Bank of France
Railroad and Miscellaneous Stocks.—Business on the Stock
lost 6,425,000 francs in gold and gained 3,075,000 francs in
Exchange has been moderately active during the past week,
silver.
and the market has been very much unsettled.
The bears con¬
The New York Clearing House banks in their statement of tinue their
raiding tactics and prices have given way under
August 20 showed a decrease in surplus reserve of $467,950, them more freely this week than for some time past. The
the total surplus being $4,265,675, against $4,733,625 the pre¬ resistance to the decline has been apparent at times by sharp
vious week.
rallies in the late dealings on certain days,, though these recov¬
The following table shows the changes from the previous eries have
usually been followed by renewed weakness. There
week and a comparison with the twro preceding years in the has
really been very little news to affect prices, though
on
averages of the New York Clearing House banks:
Thursday a sharp fall was occasioned by the failure
of Grovestcen & Pell, the failure, however, not being an
1887.
1886.
1885.
Diffr'nc's fr'm
important one as regards Stock Exchange business.
The
A vgust 20.
Prev. Week.
August 21. August 22.
rumors in regard
to their embarrassment were sufficient to
cause an unsettled
feeling on Wednesday and to help the
$
$
$
$
Loans and disc’tsJ350,710.700 Dec.2.215,100 348,057,600 317.554.700
further decline on Thursday.
Other rumors had been afloat
Specie
j 63.816.900 Dec. 1,537, 00 66,165,900 115,970,000 previously of
very
unsettling
a
character,
though none of them
Circulation
3.084,2u0 Dec.
9.644,900
7,915,700
2,800
could be traced further than to the bear traders.
All these
Net deposits
347,214,900 Dec.5,529,OOO 358,121,300 391,804.900
Dec.
313,000
30,103,300
4c,3
2,700
Legal tenders
j 22,252,5* 0
things add to the unsettled feeling and keep prices in a
weak and declining condition.
; 86,803,725 Dec. 1,382,250 89,53°,325 97.951,225
Legal reserve
Reserve h£ld
91,o69,40o Dec,1,850,200 96,2c 9,-00 156.292.700
While the decline has been general, certain of the leading
stocks have suffered more than the rest of the market, under
6,738,875 58,341,475
i
4,265,675 Dec. 467,950
Surplus.
the effect of special bear pressure.
Among these Missouri
Esft&ange.—The sterling exchange market has been quite Pacific has been conspicuous, declining to 90 from 97 at the
dull all the week and rates have been very irregular.
The close last Friday.
Other stocks showing special weakness
hardening of rates for money in the London market led to a have been the Northern Pacifies, Oregons, Reading, Bichmond
supposition that the Bank i ate would be advanced, and also Terminal and Lake Erie A Western preferred, many of these,
caused a weakening of long and hardening of short sterling as well as others less conspicuous, touching the lowest j oint for
here.
Posted rates have la en changed by some drawers in the year.
Most of the decline bus been brought about by the
accordance with these fluctuations, and are today 4 81| action of bear speculators, who have recently been rather suc¬
About $1,000,000 gold has arrived from abroad cessful in the market, and able to work down prices while they
and 4 85.
during the wreek, but an advance maintained in short sterling were believed to be assisted by the operations of Mr. Gould,
would check the gold movement.
and when there has been no "hearty support from any strong
To-day the rates on actual business w'ere as follows, viz. r } arties on the bull side. The activity was most notable to¬
Bankers’ GO days’ sterling, 4 804@4 81; demand, 4 84^ day, Friday, when more stocks were shelled out and prices
Commercial bills were touched the lowest point, though recovering somewhat at the
@4 84^.
Cables, 4 844@4 84f.
■

2o6

THE

CHRONICLE.

[VOL.

XLV%

STOCKS—PRICES AT N. Y. STOCK EXCHANGE FOR WEEK ENDING AUGUST 26, AND SINCE JAN.
1, 1887.
HIGHEST AND LOWEST PRICES.
STOCK?.

Saturday,
Aug. 20.

Mondav,

Tuesday,

Aug. 22.

Aug. 23.

Sales
of the

Wednesday,! Thursday,

Friday,

All Jr. 25.

!

Aug. 24.

Aug. 26.

Range since Jan. 1, 1887.

j

j

Week
Shares

-

Lowest.

i

Highest.

Active HR, Stocks.

Atlantic A Pacific
Canadian Paciric
Canada Southern
Central of New Jersey
Central Pacific
Chesapeake A Ohio
Do
1st pref.
Do
2d pref.
Chicago Burlington & Quincy.
Chicago Milwaukee A St. Paul.
Do

pref.

Chicago A: North western
Do

pref.

Chicago Rock Island & Pacific.
Chicago St. Louis A Pittsburg.
Do

115s
554
544

11V

114

55^!

;>o

544

52 4

75

754'

734
36
*6
12
*7"
139

6 *2
0
12
15
I
’;
10
i
13i> 4 1394

474

U
554

734

824
120

1144
14 '> 4
1264

Do

Do

34

4

17

504

934

110

18
34

314
174
514
944

264
964
*13
80

|

piel.

Wheeling A Lake Erie

,

ITlIwcellaiieoii* Stocks.
Colorado Coal A iron
Delaware A Hudson Canal...

Oregon Improvement Co
Oregmi Railway A Nav. Co
Pacific Mail

Philadelphia Co., Nat. Gas
Pullmau Palace Car Co
Western Union Telegraph

924

934

94

94
62 4

4

104

10

124
15
39
4°

1244 125
*

154

154

38

40

|

I

464
103

464

10:h

54
53
724
36

4,568

10
Aug. 26 154 June 13
4,o75| 5334 Aug. 26, 6838 Jan. 13
8,655; 49 July 30, 64 4 May 19
70
20,075 554 Jan.
3 864 Apr 13
344
2,220 33
Feb.
3: 433s Apr 12
*6
634
10
6
Aug. 4
94 Jan.
8
12
12
180, 10
July 27: 17 Jan. 13
10
*7
64 Aug. 23 114 Jan. 20
13534 1364
1 916 1354 Aug. 25 156 May 17
804 814 134,397; 784 Aug. 1(95
May 18
1174118 !
933 117
July 30 1274 May 17
4
111-4113
44,385 109
July 30 1274 Juue 7
170 1384 Jan. 29 1534 June 7
1234 124
2,010 1234 Aug. 26 1404 May 17
13
17
350, 15 Aug. 1 22 Apr. 22
39
39
1.650 35 Jan. 27 524 Apr. 22
434 454 16,554 434 Aug. 26 544 May 17
"

,

1244
15

3941
46
|

_

,

107
108
I
| IO/34 I07.4
1,165*106
K1
51
51
514 524
50
504
1,600 50
<>•>
23
2334 234
21
223s
3,315 21
1284 1294; 1284 129 ,1274 1294135,368 126
264 264!
2o->8 264
244 264!
3.070 214
604 604'
594 593*
58
594
3,394 564
114 114
103i 11
104 104
3,435 104
5*1,,
58
604 6l4
4 (so
60 i
574 534
2,026; 574
23
234
214 224; 21
214
2,554 204
n*'
*87
90
\ 87
87
90
100: 83
464. 464' 464 47
454 46
2,900! 214
IO
10
11
10
10
10
i
|
1,050
94
108

,

;

264'

964!
i

134

1074 1084!
167s 174

44
23

I

94
284
*16
42

26

2 s6>
60
88 k)

..

..

37 4
73

37 4
734
1134 1134

74
112
75

f*—*

76

‘

'

2S

564
1841
324!

54

554

174

174

5 1
1 74

31

32

304

304

394;

384

384

37

38

39 4

74

55
174

|

I

150

1494

54
45

o

134

44

13 4

13

I

......

—

32

...

59

4'

3 1

4

sale

m

O *

j

a

.

>

43

43

*4
6

5
6

6

*13
■*18
"88

15

.

*4
6
*12
*1,8
*8S

13

16
43

7 <>
5
6
15
21

90

was

,

’

04

21

90

|

*35

6

294

*27

29

40

’35

40
1 54

-

154

j
i

i

354

384

31

3 L>
73

72

994 1004
354 37
81
38

90

39 4

142
1 124
70 4 72

684
'6
*40
70

54
*124

134
21

*18
*87

88
15

144

*27

*5
*26

29

$
50
70
34
5

15
21
90

144

29

29

294

304

31

304

304
614

32

31
61

314

30

62

6()

50

29

4

93

32«4 Apr. 14
6838 June.4

Aug. 26

824 Jan. 13

Julv 30

°(>to
*

‘

304

28

314
624

304
614

H Ex-rights.

17

Jan.

3

32

Jan.

3

Aug.

1 100

Feb.
Aug.

4

Apr.

9

624 Mav 7
21 17
Apr.
7
Aug. 24 28
May 31

Jan. 15
Feb.
3

34,185: 57
815; 40

Aug. 26
Aug. 19
July 27
Aug. 1

4,475 107
800

2,2<ft>
910
816
800
310!

50
80

154
30
1 l
50
29

314
624

61
Apr. 29
934 Juue 30
994 May 14
704 Apr. 14
674 June 11
1614 Apr. 20
644 Apr. 5
954 May 19
944 Mav 18

664 Jan.

6!

98
12

4 119

Jan.

May 18

Aug. 26 204 Apr. 2
284 July 30: 484 May 31

618, 12
Julv 20 194 Jan.
8
2,710 764 July 14 884 Jan. ” 3
9,561 1054 Aug. 1 1144 Mav 19
2.840' 16, Aug. 26 20 34 Mav 16
1.975

27

Mar. 12

364 80
1.100 30
4,360 614
100 111

374 May 18
II 354 Apr. 12
1 76
May 23
30 66 Mar. 29

25
26

26
24

2,250

13 4 Feb.

53

25

874 Jan. 17

9.440
3,148
6.656
.810
6.735
16,165
200

95

Jan. 17
Jan.

17

444 Mav 26
844 May 26

1 120
95

June 2
June 20

2 1H4 May 23

3 1207e May 27
1

2.950; 234 Feb.

3,300

Jan.
3
Feb. 14
Feb. 14
3
Jan.

26

Feb.
8
Jan. 27
Feb.
2

Aug.
554 Jan.
250 99
Aug.
1,300 1104 Aug.

204
14
384
234

l! 554 May 16
26 344J'ilyl8
25i 634 May 19
1 324 Apr.
4
26; 354 Apr. 7
26 394 May 25
1 584 July 5

2,157

1
354 Aug. 26

224 May
6
384 May 18
634 Apr. 18

34
72
99

Aug. 26

534 May 19

Aug.
Aug.

89

95

June 2s 115

2

May 19

1 1054 Apr. 18
354 Aug. 20 544 May 31
84
Aug. 26 1054 May 19
374 Aug. 2 584 Apr.
7Feb.

8

1394 Jan.
4 1594 May 23
85.97o 674 June 21
June 7
79
899

145 1394 Jan.
4 152
Aug.
225 107
Jan.
5 1184 May
637 62
Feb. 17; 734 May
100 1264 Jan. 25 137
June
232
300
116'
125
830
300

4
43
70

600

13

5
14
24
6

Aug. 23, 154 Jan. 10
Aug. 9: 674 Apr. 19
Aug. 26 104
Feb. 19
34 Aug, 26i
7
Jan. 13
54 Aug. 26 104 Jan. 14
124 Auer. 5 f 234 Jan. 13
! 20 June IS. 304 May 27
Julv 21 1004 May 27
100 88
500 134 Aug.
2! 22
Apr. 9
220 1274 Mar.
91414 Feb. 11

Aug. 22| 22

May 17

Aug. 11: 35

May 14

54 Aug. 15
100
20

27

24 June 29
30

9

made at the Board.

480

6

154

*

Feb.
3
Jan. 24
Aug. 26

Apr. 11

Aug. 26.! 394 Jam 11
July 30 1394 June 1

15,065; 43 Aug. 25
49,960; 894 Aug. 1

384

.

*

6'' t.-.

134
6

50
31

624

-

71

!

|

28

5 l 4
17
29

164

1284

13
*5

53

1084

> #

13 4
*18 ’
88
15

......

6

264

34

1374 1374
lb
13
*2; 4

t

254

152

108

6

164

304
114
31

694

*148

,

33
314
68
72 to
113
113
724 724
100
100
112
112

37 4
72 4
73 4
10( ►
100 4
3;»4 40
w9
91 4
39
394
95
954

17

68

33,949 274 Aug.
674!
674
3,600: 64 Aug.
434 101,895; 40
July
16
750 154 Aug.
94
2,121;
84 Aug.
284
4,515' 27
Aug.
154
360 15
June
41
7,262 40
Aug.
26
16,615 244 Aug.
494 40.092 474 Aug.
25
2,70i; 224 Feb.
234
19,700 20
Aug.
254
8,250 224 Aug.
524
>5,565; 34
Feb.
264
>5,517 224 Aug.
52 4
1, 43 51
Aug.
87

*80

354

6
50

694

2 2 to
51

118
-1434 145
73 4
714 724
152
109

109

224
484

ol;>8
174
30
38

*4
’43

*148

50

no

267s

4

59 4

tlie prices bid and asked;

25's

4

54
45

29
^

30

53

128

t.94

!

50
32

724

514

129

29
3

11

.

73 4

16
84
27
15
40
48

1 13
27

200

7

Aug. 26

-

414

234

4

27 4
30

66

20

»

4
974

164

214
25 4

51
i 7

93
40

1064

25

1 13
26

30
254
92 4
12 to
78

4

244

I004 1004

42

124

25 4

129

13

29 4

42
93
39
*95
148

83
107

284

254
494

132

13

43

100

824

106
16
27

414

128

4

i
!1

.

3si4
734
1014

4

284
164

130

*5

Columbus A
32
Hocking Coal...
Marshall Cop. C *al
New York A Perry Coal..
V
Tennessee Coal A Iron
32
VarioiiN Stocks, Ac. (Uni i-ded.)
Amer. Cotto . (id fm.-t
301*-

.

37

50

904
124

13
78

148
152
106 4 109

..

0

.

75

3s4

50
82
82
105
12
30
23

324
254
914

51
51
84
81
35
37
72
724
*112
111
73 4
74

112

38

1084 1094

107
13

1 50
110
70

164

Quickwilver Mining Co...
Do
pref..!

40

164
404
254
474
244
234

71

734

......

4

pivf
1

614

40

2'S

1004 1004
113
l 13 >4
27
27 4
514 55
174 174
304 31

1124 113
274 2 / 7s

264

71

604

43

1054 1074
164 17
274 28
294 304
68
684
424 434
154 16
9 4
94

854
374 <374

....

23 4

39 4

43

78

18

59

1004 1 dl 4

174
3-4
39 4

93

124
324
244

94
294

60

284

“

93

bl

934
614

927s

124

274

274

56

47

904

90

60

53

•jsio

45

54
83

;

llll84June

Feb.

154
314
164

927s

’

794 80
1074 108
174 174
284 284
304 304
68 4 684
434 444

164
94
294
184
43 4
274
534

15

164

14

244
254
51 >4

514

114

*13

23

464

264
964

254
25 4
544
284

204

112

844

’15

304
154

d4
82
85
107

00

254

53

/•»

17
33

55
81
86
108

254

264
554

o/4;

16
31
16
43

1

1094 1094

24
25 4
53 4

26

37 4
’74 4

18

1094 1094

254

24
2.; 4

85
85
|
37
37
72
734
1 12
1134
75 4 76
!

44

424
264
514

26

.33

624'

41

4
254
494

254
254
25'4

i

614

254
944

134

294
184 '17
43 41
42
274
264
54 4
514
254
254

2;; 4

.80

18

-924

86
103
*134 16
*32
36

264
964

,

164
94
294

’20”
4

934

434

52

23 4 .23 4

924

69 4
45

55

54

934

4

30

274
54 4

274

50

174
284
304

454

44

504

33

17

68

10

i

4
164
464

80
80
107 4 108

684
444

*94

32

844

254

29
’17
43

334

17
34
17

88

944
*13

94

17

1084 1084
13
134

674
43 4

30

17

62 4

84
88

14

17

1094 1094

84
88
14

17

17 4

62

304

294

44

Rielunond A Alleghany
!
Bt. Louis Alt. A Terre Haute..
St. Duds Ark. A Texas
Virginia Midland

*7

93

28

304

24

33
25 34
9 >4

1 os
*(57
130

..




464;

494
924

1094 1104

98
147
714 73

Wells, Fargo A Co
Inactive Stocks.
Central Iowa
Chicago A Ind. Coal R’wav
Cinciu. Ind. St. Louis A (’hie
Cincinnati Wash. A Baltimore.
Do
pref.
Denv. a? Rio Grande Western.
Marquette Houghton A On

are

60 4*
23
!

•

17
3 3'4
17

29
|
30 7s

30

11)

Pipe Liue Certificates

1241

10 Vi

344'

614

Express Stocks.

These

23

114

*95
145

Adams
American
United States

Do

*114
60 4

384 394
38
39
7 1
74
734 74 '
11*14 1014 10041014 100 4 191
41 4
42
'.'2 4
92
934' ’914 92 4
924
39
39 4
384 39 4
394 404

Consolidated Gas Co

Mexican Central
Morris A Essex
Ohio Southern

51
53
I
23
234
128 4 130 4!
'264 28
60
604

29
30

30

94.

Do
pref
Rome Watertown A Ogdeusb’g'
Bt. Louis A San Francisco
}
Do
pivf
!
Do
1st pref!
8t. Paul A Duluth
Do
pref
St. Paul Minneap. a- Manitoba
Texas a Pacific, a>s. paid
Union Pacific
Wab. St. L. A P.,P. Com.
repr.>.
Do

14
80

444

Peoria Decatur A Evansville

I

18

L4
*34

1084 1084
174 174

Trans-Continental.

40
1
46 7s'

46

174 174
494 504

83

110
16
36
27
97

34

pref.

Richm'd A WcstP’nf Terminal

61

114

114;

85

*144

Philadelphia A Reading

61

88

New York Central A Hudson.
New Y. Chic.A St. L., assent'd
Do
pref., a-sen ted.
New York Lake Erie A West’u
Do
pref.
New York A New England...
New Y->rkOntario A West....
New York Susq. A Western...
Do
pref.
Norfolk A Western
Do
pref.
Northern Pacific
Do
pref.
Ohio A Mississippi
it

61
114

’

7

114

1x13541364
824' 814 82 |

j

164'

454

634

85

Nashv.ChattanoogaASt. Louis

Oregon

604
114

*7

I

7

114

I

144
125

164
384

464'

1104 1104

Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio

144
125

'19

62 4

pref.

64'

534;
72*4
3534i

10

534
514

'

464
114

Long Island

Minneapolis A St. Louis

27

36
7
14
10

*6

r

109

27

737s

36

!

11
55

814
1194 1204' *119
120
1184
j 118
1134 1144' 113
1144 1124 1134

394

46
47 4i
474
1 1074 lo7 4

54

139
139
814 824'

234-234

Do
pref.
Illinois Central
Ind. Bloom. A West., ass. pd..
Kingston A Pembroke
Lake Erie A Western...
Do
do
pref.
Lake Shore A Mich. Southern.

Louisville A Nashville
Louis. New Alb. A Chicago...
Manhattan Elevated,consol..
Memphis A Charleston
Michigan Central
Mil. Lake Shore A West

15

104
544
524
724
354

114
554

533*
73

37

64
'

114
DO

i
64!

*36
*6
*12

4

234 24 I
234 234
130 4 1304 1294 1304

Do
pref.
East Tennessee Va. & Ga, R’y.
Do
1st pref.
Do
2d pref
Evansville A Terre Haute....
Fort Worth A Denver City....
Green Bay Winona A St. Paul.

ll^s
554
544
744

53

CleveLandCol.Oin.AIndianap.
Columbus Hocking Val.&Tol.
Delaware Lackawanna AWes
Denver & Rio G., assessm’t pd

11=4
.> >

51
75

15
10
139

384
108

11

374

824 83 j
814
1204 1204 120
114-4115 ! 1134
145
147
i
1454
1264 126 4 j 125

pref.

Chicago St. Paul Min. A 6m..
Do
pref.

4

225
100

2,190
700
4.175

Jail.

8

154 Aug. 2
Apr. 22
264 Aug. 26
9
Aug. 26
31

U49
28

July 13
Aug. 26

84 Jan. 10

114 Feb. IS
454 Juno 6
25

Feb. 12

464 July 19
50

Apr. 27

324 May 23
724 Apr. 5
544 Jan. 14

August 27,

THE CHRONICLE.

1887.]

B J.NDS—LATEST PRICES OF ACTIVE BONDS AT N. I. STOCK
Closing.

Railroad Boiids.

1910! 264
! 62
5s, 1908

Guar., 46,1937
Can. South.—1st guar.,

Loicesl.

82%
10o*4

112

a.:

110

[100 b. 99
Central Pacific—gold 6s, 1898. J115 b. llo^b. 1134
San Joaquin Br. 6s, 1900
j
[115411. Ill 4
Land grant 6s. 1890
i
|‘04 b. 100
Ches. A O.—Pur. m. fund 6s,’98 j
4 12 b. 112
6er gold, ser. B. 1908, coup, oft 744b. 744a. 71
Exten. coup., 4s, 1986
71 b.;
68
.

400
Jan. 416

Jan.
Feb.

Range

Aug.29, Aug.10

Lowest.

Mil. Lk. Sh. *

W.—1st, 6a. 1921. 117*2b
Michigan Div.—1st. 6s. 1924..! H2 b. 112
Minn. A St. L.—1st, 7s, 1927
135 a

|104% Feb. 409 June
2d, 5s, 1913
| 03 a.J 93*4b. 904 Mar. ! 95*2 Jan.
Gen. Iowa—1st, 7s,’99, coup, oft
80
94
{ S3
<
80 Aug.
May
Central of N. J.— 1st, 7s, 1890.. 105Ub. ! 1054b.,104^ Aug 110
Jan.
Consol. 7s, 1899, assent
;115 4b. 115 b.|l074 Jan. 1119
June
Convert. 7s, 1902, assent
!115*4b.[115 b. 109 Jan. 418% June
Adjust. 7s, 19o3
1084b.
1105*4 Jan. 108*2 June
Convert, deb. 6s, 1908
;
1004 j S37s Jan. 405
June

{ 994 1 97^s Aug.

Closing.

Railroad Bonds.

Highest.

! 254 Feb. [ 333g June
| 82 Aug. I 90 Jan.

314

Interim bond certificate
1 98
Le’h A W.B.,cou.7s, 1909,as’ut
Am. Dock A Imp., 5s, 1921. .. 1102

EXCHANGE, AND RANGE SINCE JAN. 1, 1S87.

Range siiice Jan. 1.

\ A ug.2 i\ Aug.19
A:l. A Pac-.—W. D. inc., 6a,

267

118

130
Imp. A Eipiip.—6s, 1922
...!
I 81
Mo. K.ATex.—Con., 6s, 1920...
91
934
91
Consol., 5s, 1920
80
824 : 80
109 a. 109 b. 108
Consol., 7s, 1904-5-6
Mobile & Ohio—New, 6s, 1927
114
10S78
1st, Extension, 6s, 1927
107 b. 104
1st pref. debentures, 7s
42 b. 48 4b. 1 47
1
Mutual Un. Tele.—S. f., 6s. 1911 84
85
b.j 33
Nash. Cb. A St. L.—1st, 7s, 1913,4 20 b. 1254b. 26
4
N.Y. Central—Extend., 5s, 1893 102 b 103 b. 103
...

..

...

June
Feb.

j 106*2 May
118% Mar.

N.Y.C.&H.—1st,

Feb. ,116 June
July 105 Mar.
Mar. |115, June
81
Jan.
May

cp., 7s,

122
121

Apr.

Aug. 133

Jan.
Jan.

Aug.

1104a. 106

b.
b.

1024 Apr.
89% Apr.
Aug.
Aug. 1134 Jan.
Feb. 114
Apr.
May 1074 Aug.
664 Mar.
Aug
89
Aug.
Mar.
Aug. 131
Apr.
Aug. 107*4 Apr

~d mort., 6s, 1923
i
N.Y. City'A No.—Gen., 6s, 1910
63
N.Y. Elevated—1st, 7s, 1906..
N. Y. Lack. & W.—1st, 6s, 1921.422

984

1

j

85
70
65
117

137

Mar.

1.304b.[128*2

May

90

Aug.

1903,132 b. 132 b.!i3178 Aug.

1
4 31
N.Y.Chie.ASt.L.—1st, 6s, 1921..; 97
Debenture, 5s, 1904
N.Y.A liar.—1st, 7s, 1900

Highest.

Feb.
Jan.

b. 114

Jan. 1.

since

11058
May 1334
Jan.
1014
Jan. | 99
Aug.
80
.

May
June

Apr.
May

Mav
May
754 Jan.
b.
68
Apr.
22% July
32
Jan.
1184b.'
July 423 Jan.
i 97 a.!
• 94
Aug. 400 Feb.
b. 124
b. 1254 Jam
1284 Apr.
Clies. O. A So. W.—5-6s, 1911 ...(
!
101
j
Feb. 108*2 June
Construction, 5s, 1923
408 a. 1094a..407
Feb. 110
Jan.
Chic.Bur. & Nor.—1st, 5s, 1926.! 03 b.|10o a. 1044 Jan. 107*2 Mar.
N. Y. Out. A W.—1st. 6s. 1914.. 1084b. 110 a.'io?
Jan.
41058 Feb.
Chic. Burl. & Q.—Deb. 5s, 1913. 105 a. 106
j 101 *2 Aug. 108*2 Apr.
!
69
Feb.
N.Y.Sus.AW.—Deb.,6s,’97,cp.on
77
Denver Divis., 4s, 1922
Apr.
i 96 b.
97
June i 99
Jan.
1st refunding, 5s, 1937
9o4 I 904 Aug. ! 964
Chic. A Ind. Coal R., 1st, 5s,’36j
May
984Jau. 103*2 June
Midland of N. J.—1st, 6s. 191o 107
107
Auz.
Ch.Mil.».t St.P—1st,I.AM.7s,’97 116 b.'llS b. 1184) July 11224 Jan.
May
N. O. Pacific—1st, 6s, 1920
80 b. 754 Feb. [1154
784
I 864 May
Consol. 7s, 1905
! 1274a.1
1264 Aug. 1130% June
114%
1154
North.Pacific—1st,coup.,6s, ’21
4144 July 1184 Apr.
1st, So. Min. Div.—6s, 1910....! 113 4b.; 113 4b., 1134 Aug. jl 19*2 June
Gen’l, 2d, coup., 1933
10558b.[i0378 Jan. 1074 Mar.
1st, Cbi. A Pac.W.Div—5s, ’21 101 a. 103%b.jl03
Juiy i 109 Jan.
James R. Val.
1st, 6s, 1936.
|109 a 1064 Jan. [Ill
Wifl. A Min. Div.—5s, 1921
May
J104 a. 1103
July 108 Mav
N. Pac.Ter.Co.—1st, 6s, 1933..
L024a. 102
100
July 4074 June
Terminal 5s, 1914
1024b.11014 Jul v 105% May
Ohio A Miss.—Consol., 7s, 1898
115 1*. 115
Julv
~ '
123
Apr.
Chic. A N. W.—Consol. 7s, 1915
437%b.l38*2 May i 142 Jan.
il4
a. 114
a. 114
2d, consol., 7s, 1911
July 119 Jan.
130 a. 1284
128
Gold, 7s, 1902
June 433
Jan.
Springfield
Div.—7s,
1905
i
Jan.
1124
113
Apr.
117
Sinking fund 6s, 1929
May 420 Jan.
Ohio Southern—1st, 6s, 1921. ..402 7h
102
Feb. jlll4 Apr.
Sinking fund 5s, 1929
[
408
Jan. 410*2 Mar.
2d,inc., 6s, 1921
!
i
SO^b.!
35
504 May
July
408*20. 108
Sinking fund debent. 5s, 1933 -.
Aug. 4104 Mar.
Oregon linpr. Co.—1st, 6.3, 1910. 924
95 b. 914 Mar 10278 May
105 a.J 103
25-year debent. 5s, 1909
July 4094 Apr.
Ore. R.ANav.Co.—1st, 6s, 1909410 b. 111%
108
Jan.
112
Chi. R. I. APac\-6s, coup. 1917.j
May
...130 Jan. 435 Jan.
Consol., 5s, 1925
994a.....
! 99
Aug. 106 Jan.
Extern A col. 5s, 1934
408 a. 1084a. 107 July 110*2 Feb.
99
Oregon
A Transeon.—6s, 1922. J 97'*
r
b.j 97 Aug. 1044 Apr.
Ch. St.P..M.A O.—Consol. 6a.’30
(119 b. 118*2 Aug. 12478 May
Peo.Dec. A Evans.—1st, 6s,’20.HO b. 113 a.;no
Mar. 1154 June
b. 123
St. Paul A S. C.—1st, 6s, 1919 125
July 127*2 Jun.
Evansv. Div—1st, 6s. 1920...;
b.j
125
..407 b.! 108
Mar. 112
Feb.
Oh.St.L.A Pitts.—1st,con. 5s,’32;
I
98% Jan. 102
Feb.
Rich A All.—1st, 7s, 1920. tr. rec; 00
I 64%
;
60
77
Aug.
C. C. C. * Ind.—Gen. 6s, 1934 ..!1084a.
Apr
107
Jan.
111*2 May
Richm. A Dan.—Cons., 6s, 1915; HI a. il0*4b. 1104
July 115 Juue
Col. Coal A Iron—1st, 6s, 1900..j 100 a. 98 b. 98
Aug. 104% June
a.
110
a.
Debenture, 6s, 1927
410
106
Feb.
114
Apr.
Col. H. Val. <fe ToL—Con. 5s, ’31 70*2 ! 734b. 70
A"g.
887e Jan.
Rocb. A Pitts.—1st, 6s, 1921...!
Feb.
120
|
114
Mar.
Gen. gold, 6s, 1904
70
Mar.
!
91
Jan.
1134b.:
Consol.,
6s,
1922
’ 108
Jan.
117
Apr.
Denver A Rio Gr.—1st, 7s, 1900 120
120*gb. 118*2 Feb. 121*2 June
Rome W. A Ogd.—1st, 7s, 1891. 108%b 108%b. 103*4 June 1124
1st con. 4s, 1936
May
804 ; 76*4 Feb. I 82% June
!
101 'sb.' 1014b.. 1004 June
Consol., extend., 5s, 1922
4044 Mar.
78 a.; 74
Den. & R. Gr. W.— 1st, 6s, 1911.!
Aug. j 82
St Jo. AGd.Isl.—1st, 6s, 1925
1004 4014
Apr.
!
99%
Aug. 4084 Apr.
69 b. 68
Assented
68
Jail.
Aug. I 78
65 a. 61*4b.
2d, income, 5s, 1925
65
Julv
75
‘
Apr.
Den. So. Pa. A Pac.—1st, 7s, ’05 80 a. 80 a. 68
Apr. | 86% June
I 1 Q
St. L. Alt. A T.H.—1st, 7s, 1894.
Aug. 116 June
Det.M ac*. A M.—Ld. gr.3 4s, 19111 40 a. 46 a. J
56
39 Aug.
10S
a
May
2d, M., pref., 7s, 1894
'no Feb. 1123a June
E.Ten.V. A G. Ry.— Com.5s, ’56; 97
97*2 1 96% Aug. : 1013s Apr.
U>7 b. 105 b. 105
2d., M., inc., 7s, 1894
May 108 Jan.
99 a.
Eliz. Lex. A B. Sandy—6a, 1902.1 994
99
Aug. 108 Jan.
4 5
a.
Dividend bds, 6s, 1894
354b.| 35 Jan. 48 June
Erie- 1st. consol, gold, 7s, 1920 132
b. 133 b. 132*2 Mar. 137 June
St. L. Ark. A Tex.—1st, 6s, 1936
98 4*>» 974 Aug. 1023a
974
Apr
Long Dock, 7s, 1893
'll2% June 415 Mar.
j
2d. 6s, 1936
45
1 42
j 42
Aug.
55*4 Jan.
Con. 6s, 1935
117 b. 115
!
Jan.
120
Mar.
St. L. A Ir. Mt— 1st, 7s, 1392.. J109
1103 %b. 108
Auir, 115
Jan.
N.Y.L.E.itW—2d con. 6s, 1969; 974
93% Feb. 10478May
2d mort., 7s, 1897
414 b. 114
'109 May 1144 Mar.
Funded coupon, 5s, 1969. .J
87
Aug. ! 954 May
94 b. 94 b.
Gen. Ry. A land gr., 5s, 1931.
93
99
Jan.
July
Ft. W. ADenv. C.-1st, 6s, 192li 854
87
85
Aug. 98*2 May
St. L. A San Fi\- 6s., Cl. A,1906
113
J uly 115 4 Jan.
Gal.Har.A San.Ant.—1st, 6s, ’10
-.406
Feb. 109*2 Mar.
6s. Class B, 1906
!
!
-! 113 July 117 Apr.
2d M., 7s, 1905
I
--105
June I 111
Jan.
6s. Class C, 1906
:
14 a ; 113
July 117*4 Apr.
West. Division—1st,5s, 1931.1 944a.
93*2 June 100*8 Jan.
Geu’l mort., 6s, 1931
...113 b. 114 a 1084 Feb. 115
May
2d,te, 1931
.1
92*eJan.
924 Feb.
GenT mort.. 5s, 1931
4004
10) a. 984 July I014 June
Gr’nB. W'. ASt.P.—1st, 6s, 1911 104 a.
99
Jan
109
Mav
So. Pac., Mo.—1st, 6s, 1888... 1004b. L004b. 106
July 1044 Jan.
2d income 8s, 1911
38 b. 33% Aug.
j 34
53
St. Paul M. A M.—1st, 7s, 1909.
113 a.:no4 Jan.
May
118
Apr.
121
Gulf Col. A San.Fe—1st,7s, 1909 121
b.j 120% Jan. [125% June
2d, 6s, 1909
118
Feb.
121
Mar.
102
IlOO
Gold, 6s. 1923
400
Aug. 106% June
1st eous 6s, 1933
115
116
115
Aug. 120% May
Henderson Br.Co.—1st. 6s, 1931; 109 b
106*2 Mar. 110
Feb.
Do
reduced to 44s
98 %b. 9s 34
'
93
Feb.
1014 May
H. A Tex. C.—1st M. L. 7s
1112 b 1164b. 112% Jan. 119% May
Shenandoah Val.- 1st, 7s, 1909
40 i b
96
Jan.
109
May
1st, West. D., 7s, 1891
[ill b.!ll5*2b.:iOS Mar. 419*2 May
GenT mort., 6s, 1921
..I 45 b.i 37
55
Mar.
May
1st,Waco A N. 7s, 1903
413 b.jH6
b. 113
Feb. 1119% May
So. Carolina—1st. 6s, 1620
96
b.
96
May 1074 Jan.
2d, consol. M. L. 8s, 1912
i 94
.404
Feb. 112
69 a.
60 l
May
2d, 6s, 1931
65
80
Jan.
May
Gen. wort.

b.| 214b.

! 21

-

.

„

-

...

..

i

J109

!

6b, currencv, 1918
Mort.6s, 1911

-•

-

-

1

,

-

6% 1921

lud.Bl. A W.—Ist.pref., 7s,

1st, 5-6s, 1909
2d, 5-6s, 1909
Eastern

69
b. 120

7L

a.

190ojl20

Division—6s, 1921.

91
75

..

Income, 6s, 1921

b. 66 4
b. 419*2
90
b.
76
!

24

Int. A

91
24

Feb. ; 79%
Jan. 124 4
Aug. ! 99
Aug i 89*2
Jan.
98*2
Aug.
347b
1

Gt.Nor.—1st, 6s,gold,49)113 b. 113*20,112
Aug.
Coupon, 6s, 1909
| 874b. 90 b.j 90
Aug.
Kent. Centr.—Stamped 4s, 1911;
I
J 64 Jan.
Knoxv. A O.—1st, 6s, gold, 1925 92
a.J 91 b.j 91 Aug.
LakeSb.-Con.coup.,1st,7s,1900 124 b.l244b.'i24 Aug
Con. coup., 2d. 7s, 1903
jl224b.!l22%n.li224 Jan
Long Island—1st, 7s, 1898
j
122 b. 120*8 May
1st, consol., 5s, 1931
j
113 a.[112*2 July
Lou. A Nash.—Consol., 7s. 1898420 a.420 a.418
Apr.
N. O. A Mobile—1st, 6s, 1930.409 a.407
b.li05
Jan.
! 98 aj 95 b.j 907eJan.
2d, 6s, 1930
E. H. A N.—1st, 6s, 1919
412*26.112 b.!ll2
July
*

General, 6s, 1930
Trust Bonds. 6s, 1922

410

409

'10878

10-40, 6s, 1924
Lou. N. A. A Cb.- 1st,

408%

j

6s, 1910.410*2
Consol., gold, 6s. 1916
| 95 a.

Mem. A Cb’lston—6s,gold, 1924 1034a.
Metro. Elevated.—1st,6s, l908.il 164a.
2d, 6s. 1899
1084a.
Mexican Cent.—New ass. 4s
Incomes. 3s, 1911
; 22 a.
Micb. Central— 1st, con., 7s. ’02; 126 b.
Miss'ri Pac.—1st, cons., 6s, 1920 114*2b.
8d, 7s. 1906
; 122 a
Pac. of Mo.—1st, 6s, 1888
1004b
■

2dmort.,7s, 1891..

!

b. 107

98
j 109

a.I

93

100*6b.400
416

108*2
71%

51

May
June

May
Apr.

....

June

May
Mar.
Feb.

—

Feb.
June

May

.

M ay
Mav

May

Virginia Mid.—Inc.. 6s. 1927.
GenT mort., 5s, 1936
Wab. St.L. A Pae.

Alabama—Cla.-s A, 3 to 5
Class B, 5s
Class C, 4s

1

106

1906!

104
107

1900
Arkansas—6s, funded.. 1899-1900
7s, Little Rock A Fort Smith,

Georgia—7s, gold

Louisiana—7s,
Stamped, 4s
M iehigan—7 s




cons

iss.j

«

Ask.

1906
1906:

6s, 10 20

7s, Memphis A Little Rock,
7s, Arkansas Central RR

,

Apr.

1124
101

'

10
22

!

iss.j
\

Asylum

1st, St. L. Div.. 7s, 1889
2d, extended, 7s, 1893
Con., conv., 7s, 1907
Great West.—1st, 7s, 1888
2d, 7s. 1893
St.L.K.C. AN.—R.eAr.,7s,’95.
West Shore—Guar., 4s

j 6s, loan
North

35
30
14

100

j

1890*

847a

85

1

or

1890

1894-1895

112
115

1892

1893' 113

tax, Class 1

Consolidated 4s

J

6s

Ask.

104

Carolina—6s,old
JAJ!
Funding act
1900;
New bonds, J. A J....1892-1898
Chatham HR

j Special

Bid.

University, due 1892j 110

Funding
York—6s, loan

.

.

.

.

.

.

SO
56

.

.

.

J1 95

.

a.

a.

54

a.

98

a.

84

b.

113

b. 113
a. 113

a.

101
90

a.

93
90
114

102
85
b. 113
a.

Aui

Feb.
Feb.

Jan.
Aug.
Feb.

Allg.
Jan.
Jan.
Jail.
Jan.

Aug.
Jan.
Jan.

July
Aug.
AUg.
Jan.

May
Aug.

28 4 Jan.
115
Juiy
112
110
June

664 Feb.
78 4
72
100

May
Apr.
May

1094 June
112

Feb.

99% Jan.
OT^a June
119% Mar.
1034 May

120
115
115

Feb.

May
Mar.

117% Apr.
109
Apr.
1074 Jan.

99
Jan.
Juue
90
Apr.
Jan.
60*4 May
Feb. 104*4 May
89
97
844 Mar.
May

Apr.

36
49

b.
j
h.

110*4 Jan.

106
1 99
b.
84
b. 109

Jan.
Jau.
Mar.
Jan.

114
101 a. 1004b.j 98
Aug.
112 4b. 112 4b. 109
Mar.
1 93
93*4
l4
99% ! 93*4 Aug.

117*4 May
116
108
99

-

May
May
May

1174 May
107

May
114*4 July
10438 June

BONDS.

due 1889

New

1890
1914

or

Gen., 6s, ’20

Tol. A Wab.—1st, ext.. 7s, ’9C

75% June

SECURITIES.

(Missouri—6s

i
...

127

Bid.

-

.

Chicago Divisou—5s, 1910
Wabash—Mortgage, 7s, 1909..

STATE

SECURITIES.

.

...

Apr.
115*2 May

Feb. !

....

.

b.j 20 July |. 27% June
b.426*2 Aug. 131
Apr.
b.
115
1144 Aug. 119
Apr.
122
a. 121
June 126
Apr.
10u*2 4004 Aug. 105
Jan.
405*2 July 110*2 June
21

...

._

Jan.

413

.

...

.

Apr. I 99
Juiie
Aug. 107
MayJ uly 12012 Mav

4077e July
!

4b.!

July

109
103

Jan.
Jail.

Inc., 6s. 1931
154b.
15
So. Pac., Cal.—1st, 6s, 1905-12.. il3
1124b. 1104
So. Pac., Ari.—1st, 6s, 1909-10.. f.......
So. Pac., N. M— 1st, 6s, -1911.
108 b. 105%
Tex. A Pac.—Inc. A ld gr, 7s. 45 49
o2 4
1
49
Rio Grande Div.—6s, 1930
68
71 *4
! 64
Gen. mort. A term., 6s. 1905..
60
b.
62 4s
9S
Tol, A. A. A N. M.—1st, 6s, 1924
99
a.
89
To!. A. A. A Gr.Tr.—1st, 6s, 1921 104 a. 104 b. 103
Tol. Peor. A West—1st. 7s, 47
104
a. io4
Tol. A Ohio Cent. —1st. 5s, 1935 91
l).
94
1).
95
To!.St L. A Kan. C.-1st,6s, 1916 9 c %a.
9r>78
95
i». 110*4b. 114
116
Union Pacific-1st, 6s, lt>99
1034b. 1034b. 102
llo
b. 1U
1154
Kan. Pacific—1st, 6s, 189
110 b. HO
111
1). no
1st, 6s, 1396
Denver Div.—Cs. 1899.
i 15 b. HO b. 114
1st consol, 6s, 1919
103
103 4b. 102%
a. 100
100
b.
974

Feb.

Mar.
Feb.

426*2
i 124
1115
421*2
1134
99*2
4 17 *4
Jan. 114*2

1044 Jan.

100
b.j
111 4a.

95

122
98
78
100
129

May

j

10
20
14

12

BicL

Rhode Island—6s, cou.. 1893-1894;
South Carolina—6s, non-fund. 1888;
6
Brown consolidated 6s
1893: 105
60
Tennessee—6s, old
1 S92-I89bi
69
Compromise, 3-4-5-6s
New settlement—6s
1913 103
5s
1913
3s
1913
Virginia—6s, old
48
90
6s, consolidated bonds

1912|

35

1910;
97
1919: 122

SECURITIES.

16
98
125

6s, consolidated, 2d series
fis. defected, trust rec

Ask

"7*'
T

_

1024

724

60

104

,

72
105

12

CHRONICLE.

THE

268

BONDS—STOCK EXCHANGE QUOTATIONS

58, gold

Registered

1911
1936 *
..1919 *
1925 .109*3

80
126

109*2
100

1934

Consol. A col. tr, 5s...

1897
.1919
1923
^...1920
4th,extended. 5s
5th, 7s
-1888
1st, cons., I'd. coup., 7s
1920
Reonr., 1st lien, 6s
1908]

Erie—1st, extended, 7s
2d, extended, 5s
3d, extended, 4*«s

98*2

Boat. H. Tun. & W.—Deb. 5s... 1913
Burl. Cedar Rapids & Nor—
1st 5s
1906'

Registered

Minu. A St. L. — 1st 7s, gu . 1927
Iowa C. A West.- 1st 7s... 1909
Ced. Rap. I. F. A N., 1st 6s. 1920
1st 5s
1921
Buff. N.Y A Pliil.—Cons. 6s... 1921
Trust certificates
General 6s,
1924
Trust certificates
Central Iowa-.
Eastern Division—1st 6s ..1912
Illinois Division—1st 6s
1912
Cent. RR. & Banking Co., Ga.—

Collateral gold, 5s

Chesapeake & Ohio68, gold, series A

B. N. Y. AE.—1st, 7s....... 1916)
N. Y. L. E. A W — Col. tr., 6sl922
Buff. A S. W.—Mortg. CS....1908
Evan. A T. H.—1st, eons., 6s.1921
Mt. Vernon—1st, 6s
1923
Evans. A Indian.—1st, cons... 1926

106
100

*105

*40*

!Fl’t A P. Marq.—Mortg., 6S...1920
Grand Rap. A Ind.—Gen. 5s..1924
Registered
A St. Jos.—Cons., 6s
1911
iHous. E. A W. Tex-1st, 7s...1898

1104

190»

106

illlinois Central- 1st, gold,
1st, gold, 3^s...

Sprmgf. Div.—Coup.,..6s,
Middle Div.C. St. L. A N.

1593
Sinking fund, 6s
.1903 123
Louis. & Mo. River—Ist7s..l900j*117
2d 7s
1900;*116
St. L. Jacks.& Chic.—1st,7s. 1894
2d, guar. (18b),

1894,

7s
<

1898

s

Chi. R. Isl. A

Pae.—6s, coup..1917:*

Registered

••••••

Registered

Des Moines & Fort

96

Consol., reg., 2d, 7s
Mahon’g. Coal RR.—1st,

T33*2

|

1934,

Ext. & Col., 5s

108

D.—1st,4s.1905,* 85

108

...1923|
j
Milwaukee & St. Paul—

Chicago
1st, 8s, P. D...

1898; 123*2 127

2d, 7 3-lOs, P. D
1898, *121
1st, 7s, $ g., R. D
1902'
1st, La. Crosse Division, 7s..1893^116
1st, 1. AD.,7s
1899,
1st, C. &M.,7s
1903
T9081
1st, 7s, I. A D. Ext
1908
.1909
1909
1st, S. W. Div., 6s
.1919, 104
1st, 5s, La C. A Dav
1919
.1910
1st, H. & D., 7s
1910
.1910
1st, H. AD., 5s
1910
.1910
Chicago A Pacific Div., 6s.. 1910
.1926
Chic. A Mo. Riv. Div., 5s ...1926
.1910
Mineral Point Div., 5s
1910
.1921 *103
C. A L. Sup. Div., 5s
.1924
Faigo A South., 6s, Assu.. .1924
.1916
1916
Ino. conv. sink, fund 5s
*

X

Dakota A Gt. South., 5s
Chicago A Northwestern—

Iowa Midland— 1st, 8s
Peninsula—1st, conv., 7 s

Coupon, 5s
115
*

V*’»

134*'

128

110*4

1115

100
117

971c

N.Y. Susq.AWest—2d, 4*28. ..1937
N. Y. N. H. A H.—1st, reg. 48.1903
Northern Pacific- Dividend scrip..
Dividend extended

98

Helena A RedM’n— 1st,g.,6s.1937
Pul. A Manitoba— 1st, g. 6s.1936
N. O. A No. E.-Pr. 1., g., 6s ..1915
Norf. A W.—Gen., 6s
1931
New River— 1st, 6s
193j

1894 116 j
1894 lit *3!
1917
'143
1
*

104

;140

j

j
coup.,7s.l92lP142 1
*138 I

120

Imp. A Ext., 6s

General 5s
193
Ohio Cent.—1st Ti r. Tr., 6s...1920
Min. Div.—1st, 6s
1921
Ohio River RR.— 1st, 5s
1936
Omaha A St. L. R’y.—1st, 4s. 1937

1891
1897

..

1896
117*2
111

*110

100

105

1921
1931

95

bds.,7sl883

1890

TOO

Omaha Div.—Tr. Co. rec.1919
Clarinda Branch—6s—1919
St.Charles Br’ge— 1st,6s. 1908

45

Quin. A Tol.—1st, 7s
Naples- 1st, 7s

1909
So.Iowa— 1st,ex. 6s. 1912

Han. A

Ill. A
St. L. K. C. AN.-

”85” ”9’i”

No. Missouri—1st, 7s
1895
Wab. St. L. A Pac.—Iowa Div., 6s.
West. Union Tel.—Coup. 7s.. .1900

102

73

j

Registered

107% Tenn. C. I.AR’y.—Consol., 6s. 1901
! South Pitts—1st, 6s
1902
10138
103
i Bir. Div.—1st eon. 6s
1917
Col. A Hock. CoaUA I.—6s, g..l917

100*s

ids”
82 *2

83*4

70

Income Bonds.
(Interest payable ij earned.)
Atlantic A Pacific—
Genual Division—Income.. 1922

*68

119
50

116*2
116*2

N. W. Telegraph—7s
1904
iWheeling A L. E., 1st M. 5s. .1926

25

Iowa—Coup, debteertf’s
ioi*s 102 Chicago A East Ill.—Income. 1907
Des M. A Ft. D.—1st inc„ 6s. 1905
1921
10634 Det. Mack. A Marq.—Iuc
li.6
L16% Eliz. City A Nor.- 2d inc
1970
Ind’ap. Dee. A Spr.—2d inc.. 1906
Trust
*105* io?’!
receipts
Leh. A Wilkesb. Coal
1888
103*2
Cent.

'

113*2

1934 ioo”

Adjustim nt M., 7s
192
Ogd. A Lake Cb.-lst, 6s .... 1920
Ohio A Miss.—Cons., s.f., 7s.. 1898

109*2
104% 105*2
109
110*2

1895

O.—Con. 6s. 1921

Detroit Div.—6s
Cairo Div.—5s
Tol. AWab.—Equip.

101*4 102*2

1905

Spok. A Pul.-1st, s. fd., Gs.1936
St. Paul A N. P.—Gen., 6s. .1923
Registered

65*r

Wab.&t.L. A Pac.- Hav. Div.-6s. ’10
1921
Indianapolis Div.—6s

100

Registered certificates.

,112*i4:

7s of 1871
,.190l!
1134
1st, con., guar., 7s
1915
Del. A Hud. Canal—1st, 7s... 1891; 107*2]
1st, ext., 7s
1891 p 108 1




1907

1st, 7s
1918
Nash. Chat. A St. L—2d, 6s.. 1901
N. Y. Ceumil—6s
1887
N.J. June.—Guar. 1st, 48
1986

1st, 6s

Bellev. A So. Ill.—1st, 8s.

109*2 Valley R’y Co. of

1925

1910

7s

Bellev. A Car.—1st, 6s
1923
St. Paul Minn. A Man.—
Dakota Extern—6s
1910
Min’s U11.—1st, 6s
1922
St. Paul A Duluth—1st, 5s....1931
Sodus Bay A So.—1st, 5s, g...l924
Tex. Central—1st, s. 1., 7s
1909
1st mortg. 7s
1911
Tex. A N. O.—1st, 7s
1905
Sabine Division, 1st, 6s
1912

104

106*2 107

86%
90
90

Coupons oft’

St. Louis A Iron Mountain—
Arkansas Brauch—1st, 7s..
! Cairo A Fulton—1st, 7s
Cairo Ark. A T. —1st, 7s
St. L. Alton A Ter. Haute—

1913

N. Y. P. A O.—Prior lien, 6s. 1895
N. Y. A New Eng.—1st, 7s.... 1905

117*2

Mortgage, 7s
19o7j
Syra. Bing. A N. Y.~ 1st,7s. 1906, 131
Morris A Essex—1st, 7s
1914 *140
2d, 7s
1891'
1900!
Bonds, 7s

Registered

Scioto Val.—1st, cons.,
!

-.1931

109

114

125*2 Rich. ADanv.—Deb. ex cp;6s.l927!
123% 1 Consol, moit.. gold, 5s...
1937!
Atl. A Char.—1st, pr., 7s
1897
i
1900
Incomes
j Rich. A W. Pt. Ter’l. Trust 6s.. 1897
San Ant.A Arans.- 1st,6s,’85-1916
j
1st, 6s, 1886
1926

Morgan’s La. A T.—1st, 6s.... 1920

Col. A Cin. Midland—1st, 6s.. 19141*
Del. Lack. A West.— Conv. 7s. 1892j

Reus. A Bar.—1st,

122

109

Mo. K. A T.—Cons.,2d, inc....l911
II. A Ceut. Mo.—1st, 7s
1890
Mobile A Ohio—Col. tr., 6s ...1892
St. L. A Cairo-48, guar
1931

1926

,

Minn.
Minn.
M inn.

’

125

88

1921
A Pac.—1st mortg. 5s..1936
A N. W.—1st, 5s, gold..1934
b.Ste.M. AAtl.—1st,5s.. 1926

118*

AT.H.-lst, g.,7s 1897
2d, 7s
1898
2d, guar., 7s
1898
Pine ('reek Railway—Gs of 1932
Pitts. Cleve. A Tol.—1st,6s ..1922
Pitts. Junction—1st, 6s
1922
Pitts. McK. A Y.—1st, Gs..... 1932

i

Southwest
Pacific Ext.—1st, 6s

1912

St. L. Y.

90

112

1913

129
— Cons., s. fd., 7s 1900
4th, sink, fd., 6s
1892 *106*2

112
59
118
T07

1909

7s..

3d, 7s

106
102

1909
1911

1902
1909

104*2

1912
1912

2d, 7s

109 *v

1937

104

1921
1921
1900

Clev. A P.

103*2 105

....1891
Ext.—1st, 7s
1910

119

Div., coup., 7s.
Registered
Albany A Susque.—1st, 7s. 1888! 101
1st, cons., guar., 7s
190o;*
Registered
J
1st, eons., guar., 6s
1906]
Registered
pi 19

Extension, 6s
Milw. Lake S. A West.—
Conv. deb., 5s
Ashland. Div.—1st, 6s
Minn. A St. Louis—
Iowa Ext.—1st,
2d mortg., 7s

Registered

Pa.

Milwauk. A

*

95

Cin. Jack. A Mac.—1st,g.,5s.1933
Col. A Green.— 1st, 6s
1916

Registered, 7s

114
105

107

99*2 102

Consol., 6s, trust receipts. 1905

Registered
2d, 7s

1921
1934

ioo’

1895,*101

Pitts. Ft. W. AC.-1st, 7s...

1931
1891
North.—1st, 6s...1910

Registered, 5s
Jack. Lan. A Sag.—6s

94

No. Wisconsin—1st, 6s
1930 *
Chic. A E. Ill—1st, s. f., cur.. 1907 *
Consol., 1st, 6s
1934 113
Chic. A W. Iud.-lst, s.f., 6s..1919 *
General mortgage, 6
1932 110
1915
Chic. A St. Louis—1st, 6s
Cin. I. St. L. A Chicago—
1st, gold, 4s
1936

Coupon, 7s,

Manhat. Beach Imp. Co.—7s.
Mexican Central—1st, 7s
Ex coupons 6, 7, 8
Mich. Cent—1st, con., 5s
6s

.

2d, 6s

goldbds

123

*

1910
1931

*95

1909!

Pa. Co.’s guar. 4*28, 1stcp..
Pa. Co.’s 4*28, reg
Pitts. C. ASt.L.—lst,cp.,7s.

5s.1934

5 p. c. 50 year
Pens. A At.—1st, 6s, gold..
Lou. N. O. A Tex.—1st, 5s

116

i

1903

L.—6s

104
104

66.1905 i
Gs.1905,

iPennsylvania RR.—

1907

Ala.—S. f., 6s

Louisv. C. A

•

*

.1900
1900
1898
.1898 121
.1907 *131
1905
1905 118*4
.1909 *108

Chic. A Milwaukee—1st,
Win. A St. P.-2d,7s...
Mil. A Mad.—1st, 6s
Ott. C. F. A St. 1\- 1st, 5s
.1910
Northern Ill.—1st, 5
1910
Cl. Col. Cin. A Indianap.—
.1899
1st, 7s, s. fd
Consol. 7s
1914
1914
Consol, sink, fd., 7s
Chic. St. Paul M. A O.—
Chic. S. P. A Minn.—1st, 6s. 1918

S. A N.

117*2

.1916
1916

.1926
Extension bonds—4s
1926
Escanaba A L. S.—1st, 6s. .1901
Des M. A Minn.- 1st, 7s .....1907
1907

.

130

v105
*95
108

19101

!

1894

Long Island RR.—
N. Y. A M. Beach—1st, 7s.. 1897
N. Y. B. A M. B.—1st, g., 5s. 1935
Louisville A Nashville—
Cecilian Branca- 7s
.1907
Pensacola Div.—6s
1920
St. Louis Div. —1st, 6s
1921
1980
2d, 3s
Nasliv. A Decatur—1st, 7s.. 1900

1905;

1st, 2*36
Extension,4s
Keok. & Des M.—1st, 5s

105

Indianap. D. A Spr.—
1st, 7s, ex. fund, coupon —1906
Lake Erie A W’11—1st, g., 5s..1937
Lake Shore A Mieli. So.—
Cleve. P. A A—7s
1892
Buff. A Er.—New bonds, 7s. 1898
*104
Kal. A W. Pigeon—1st, 7s.. 1890
Det. M. A T.—1st. 7s
1906 *123*2
Lake Shore—Div. bonds, 78.1899
Consol., reg., 1st, 7s
1900

1898)

7s

Bridge—1st, s.f. 68.1912 *105
Chic. Burling. & Quincy—
j
Consolidated, 7s
1903 1-9*2'
1901
5s, sinking fund
Iowa Div.—Sink. fund, 5s. 1919;
Sinking fund, 4s
1919J 97*2
Plain, 4s
1921 {
Chic. Burl. A No.- Deb. 6s
1896,
Miss. R.

1907
1895

Equipment, 7s

.1951

Dub. A 8. C — 2d Div., 7s...
Ced. Falls A Minn.-1st, 7s.

1908

Kan. City A S.—1st, 6s, g.1916
Ft. S. A V.B. Bg.—1st, Gs
....
St, L. K.ASo.Wn.—1st, 6s.l9lG|*T01
Tex. A Pac.— 1st, 6s
1905]
1st, 6s, ex coupon

1897
1907

Registered

1888i*10i*2
1892! 102

1936j*102
1899i*110
1907 118 119
1896 114*2 115
.1897 114*2
1898 115*2 116*4

1st, 6s
1st, 6s
Col. Trust, 6s
Col. Trust, 5s

isi" ‘

1951
1898

.

Cal. A Oregon—1st, 6s
Cal. A Oregon-Scr. B., 6
Moit. bond. 6s
West. Pacific—Bonds, Gs
No. Railway (Cal.)—1st, 6s.
Union Pae.—1st, 6s

99%

Reg., 5s
1921
O.—Ten. 1., 7s 1897

1st, consol., 7s
2d, 6s.
Gold, 5s, coupon

1st. 7s

1st, guar. (564),
2d mortg. (360),

4s.1951

.

Extern, 1st, 7s
1909!
St. Louis A Sau Francisco—
1st, 6s, Pierce C. A O
1919!
118
99

Ask.

Paciflc Railroads—( Continued )—
Gold bonds, 6s
.1896 114*2
Gold bonds, Gs
-7v...l897i 114*2

C. Br. U. P—F. c.,7s
Atch. Col. A Pac.—1st,
Atch. J. Co. A W.—1st,
Ut. So.—Gen., 7s

I Han.

1937

Bid.

SECURITIES.

Ask.

119

j

West.—2d 6s... 1911
Chicago A Alton—

Ches. O. & So.

Bid.

Det. Mack. A Mar.- 1st, 6s...1921
Det. Bay C. A Alp.- 1st, 6.... 1913 106*2
E. Term. Va. A Ga.—1st, 7s... 1900 117*2
Divisional 5s
.1930 105
E. A W.of Ala.,1st,con gld. 6s. 1926 T09 • 110
Eliz. C. AN.—S.f., deb., Gs. ..1921
1st mortg., 6s
1920
124

Railroad Bonds.
(Slock Exchange Prices.)
A.tch. Top. & Sun. Fe—4^8 ...1920
Sinking fund, 6s
Beech Creek- 1st gold, 4s
Balt. & Onio—lst6s, ParkB

ON FRIDAY OF INACTIVE RAILROAD BONDS.

SECURITIES.

Ask.

Bid.

SECURITIES.

[VOL. XLV.

106

Milw. Lake Sli. A W.—Income/...
Mobile A Ohio—2d pref. debeu
3d pref. debentures
112
4th pref. debentures. 1
107*2 N. Y. L. E. A West—Inc., 6s..1977
(
Ohio Cent.—Min. Div.-Iuc. 7s 1921

15

Ogdens. A L. Cham.- Income. 1920
Rocli. A Pittab.—Income
1921
St. L.I.M.AS.—1st 7s, pf., int. aee’t.
(Sterling 1. A R’y, series B.—rnc.’94
,100*2
76

Oregon A Cal.—1st, 6s
1921
Panama—Sink, fd., sub., 6s... 1910
Peoria Dec. A Ev.—2d, 5s
1927 *79
Peoria A Pek. U’n—1st, 6s
1921 108
,2d M., 4*2S
1921 *75*2
Pacific RR.—Central PacificGold bonds, 6s
1S95 T15

77*2

Plain iueome 6s

^.1896

jShenaudoahFree
Valley—Inc.
6s.. 1923
List.
Cumb. A Penn.—1st, 6s

2d, 6s

'...1891;

1888j

5s.l‘*13|

Galv. H. A U. ol ’32—1st,
Gr. Rap. A Iud.—1st quar.,7s.l89.u

]N. J. Southern—Int. guar., 6s. < 899]
Warren RR.- 2d M., 7s

102
101

T17*

llOO1 122

125*8
99

August

THE

27, 1887.]

CHRONTCLE.

I

Quotations in Boston, Philadelphia aau Baltimore.

>

Mew York Local Securities.
Bank Stock List.

Bid.

SECURITIES.

A 8k.

Bid.

SECURITIES.

Ask

BANKS.

BOSTON.
Atoh. A Topeka—1st, 7s.
Coll Trust, 5s
Laud grant, 7s

Plain, 6a
i.
Mortgage, 5s
Mortgage, 4%s
Trust, 08
Bur.AMo.inNeb.—Ex’t,6s
6s non-exempt
4b

.

**

*96
101

Balt. A O.E. Side—Certs
Belvid’e Del.—lst.6s.1902

i'09

Cons. m. 4s., 1927
Ben’s Gap—1st, 7s,

117%
92
110

Land grant, 7a
California So.—6s

112*

Income 6s
Chic. K. C. <fc West’n—5s.
Incomes
|
Cons. Vermont, 5s
4
Eaat’rn. Maes.—6s, new..
Frem.Elk B.AMo.V.-6s.
K. C Fort Scott A
K. City Lawr. A 8o.~0b..^114
K.C. Memph. A Birm—5s'
9iJ*
K. City bt. j o. A C. Jb.—7s *
K. City Sp’d A Mem.—6e
K.C. Clint. A Springf.—5bI
Little R. A Ft. 8.—7a
.«

117
111

illegh. Val.—7 3-10s, ’90
7s, E. ext., 1910
Inc. 7s, end., coup., ’94

96%
117

Bid.

Ask.

BANKS.

Bid.

RAILROAD BONDS,

122

Am. Exoh... 140
Broadway... 200
Butohs’A Dr 160
130
Jentral
200
Ohase
Ohatham.... 215
Chemical.... 2400
140
Jttizens’
300
City
170
Commerce
lontiuental
lorn Exch... 187
*Jast River.. 130
11th Ward.. 150
Pifth Ave... 700
1500
Frst
F inrth
148
150
Fulton

19% 20%
101% 102%
117
108

1893.

110

1st, 6s, 1905
Con., 68,1913

200
20 »
112
200
112
Greenwich
tanover
170
I xx. A Trad’s’ 330
I ving
145
L*ather Mf*’ 210
..

i '4 3
270

Mort., 0s, 1889
Cam. A Atl.—l8t,7s,g.,’93
il3
2d, 6s, 1904
| Cons., 6 p. c
120
I Catawissa—1st, 7 s, con. o.
! New 7s, reg. A coup
97
Col. AC. M.—1st,08.1914
0.-7811}?
Connect’g 0s, cp., 1900-04 122%
131
Del. A Bound Br.—1st,7s
Duluth Short L., 1st, 6s.
East Penn.—1st, 7s, 1888 i'02%
100
EastonAAmb’y—5s, 1920 115
El. AWmsp’t-lst.Os, 1910 117
Louisv.Ev. ASt.L.—1st, 6s
5s, perpetual
2d mort
i
Harrisb’g—1st, 6s, 1883..
Mar. H. * Ont.—1908, 0s,',H.AB.T.—1st, 78, g., 1890 106 |
101%
1925,0s
.i 95
Cons. 5s, 1895
Mexican Central—4s
|,
IthacaAAth.—1st, gld.,7s
123
Bond scrip....
<70
Leh.V.—lst,6s,C.AR.,’98 120
141
7a
2d, 7s, reg., 1910
Income
132
Cons. 0s. C.AR.,1923..
No. Penn.—2d, 7s, 1896.. 120% 122
Coupon notes, 10s
133
Lebenture, 10s
Gen., 7s, 1903
110 I
N.Mex.A So.Pac.—78
Debenture 6s, reg
N. Y. A N. England—7s..
Norfolk A West.—Gen.,6s
08
N. R. Div., 1st, 08.1932 109
^102
2ds, 08,
N. Y. Phil. A Nor.—1st, 6s 104% 105%
40
50
Ogdensb.A L.Ch.—6s
Inc.,08,1933
$i‘o*i*%i
Consolidated 0a
Oil Creek—1st, 6s, coup.. 100 |....
i 43
Incomes
Pennsylv.—Gen., 6s, reg. 133
4
132
Pueblo* Ark. Val.—7s.. i 19
Gen., 6s, cp., 1910
Rutland—1st 0s
Cons., 08, coup., 1905... 4122 |122
5s
113%
Cons., 5s, reg., 1919
Southern Kansas—5a
4%s, Trust Loan
Incomes
Pa. A N. Y. C.—7s, 1896. 116
133
Sonora—7s
7,1900
97
Wisconsin Cent. -1st aer.
Perkiomen—1 st, 6s,cp.’87
52
2d series
Phil.AErie—lst,7s,cp.’88 103
STOCKS 1
Cons., 6s, 1920
4113
Atchison & Topeka
tl02aa 102 %
Cons., 5s, 1920
Boston * Albany
201
Phila. Newt. A N.Y.—1st
163
Boston A Lowelf.
160
Phil. A R.—1st,0s, 1910.. 124
217
Boston A Maine
110
§215
2d, 7s, ooup.A reg., 1893 4
135
Boston* Providence.... 4215
Cons., 7s, reg., 1911
134
Boston Con. * M.. pref..
Cons., 7s, coup., 1911..
121
Boston Revere B. * Lynn
Cons., 0s, g., I.R.C.1911 108
California Southern
4 41
Imp., 6s, g., coup., 1897 102
Central of Massachusetts 4 21
Gen., 6s, g.t coup., 1908
41 %
Preferred
4
Gen., 7s, coup., 1908.... 103
64% 01%
Cheshire, preferred
Income, 7s, coup.. 1896
Chic. & East’n Illinois...
Conv. Adj. Scrip, 585-89
Chlo. Burl. & Nortli’n
90"
78
Cons. 5s, 1st ser.,0.,1922
Chic.* West Michigan..'
60%
Cons. 5s, 2d ser.,0.,1933
4
"50*
Cinn. Sandusky A Cleve. 4 23
Debenture coup., 1893.
Cleveland * Canton
'
8V*
Conv., 7s, R. C., 1893...
.

,

.

..

...

lanhattan..
180
124

..

105
106

c.,’89

.

tarket

Mechanics’.
C’ohs’ATrs’
-fercantile..
lerenants ’.
1’rch’ts’Ex.

letropolit’n
iassau.

...

■Jew York

..

“WWW

~

214
168

i’70

npablto

17G
145
145
143
116
24
145
210

Bid.

L Y. Counts
LY. Nat.Ex
7luth
'I. America.
■Torth Rlv*r.
irtental.
P lolflc
i
P irk
P wple’s. ...
P leulx

..

..

135

BWKS.

A*k.|

G dlatin
G irfield
G 'rm’n Am..
Germania.

....

Buff. N.Y. A Phil.—1st,0s

1st, Tr. 6s, 1922
Cam. A Amboy—6s,

174%

America

.

..

Ask

209

138
130
124
130

185
155

175
175
110
138

140

S’;. Nicholas.
7th Ward.
1*15*
S nond..
230
S me A Leath 141
•v.iteof N.Y.
^hlrd.

123

..

....

145

Valesraau’s 104

_

-

148
120

ralted St’es

Insurance Stock

List.

[Quotations by E. 8. Bailey, 5% Pine St.]
OOMPAN’8

Bid.

173

American... 160
Amer. Exch.
70
lfO
Bowery
170
Broadway...
110
Brooklyn
Citizens’.... 110
Citv
117
110
Clinton
35
Commercial.
Continental. 210
240
Eagle
Empire City 100
Exchange... 100
Farragut.... 115
Firemen’s**. 99
German-Am. 300
Germania... 150
115
Globe

—

Ask.

...

....

; Bid.

Greenwich.. 220
Guardian
63
Hamilton
120
Hanover.... no
Home
135
Howard
60
Jefferson... 120
200
Kings Co
Knickerb’kr 90
Long Island 95
75
Lafavette...
i Manuf’c.A B 120
Mechanics’ *
eo
Mercantile.. 00
Merchants’. 90
Montauk....
90
Nassau
140

.85

..

....

...

;160

Ask.
250
73
130
140
140
80
135
2 10
100
105
100
135
80
70
100
100
150

...

165
190
125
115
125
116
40
230
260
110
115
125
103
330

...

COM PAN’S.

COMPAN’S.

| Bid. [ Ask.

Natloual
100
N. Y. Equit. 100
N. Y. Fire
95
160
Niagara
North River 95
Pacitlo
170
Park
85
Pet’r Cooper 170
100
People’s
Phenix
55
140
Rutger’s
Standard.... 102
65
Sterling
Stuyvesant. 105
United St’es 140
Westohester 140
■Villtamsb’g. 260

105
170
100
170
105
ISO
95
180
no
70
150
no
75
125
150
170
280

...

..

....

|125

....

Gas

City Railroad Stocks and Bonds.
[Gas Quotations by Geo. H. Prentiss * Co., Brokers, 49 Wall Street.]
and

GAS COMPANIES.

Bid. I
100
50

ttruoalyn Gas-Light
litizens’ Gas-Light......
Consolidated Gas
J irsey City A Hoboken..

100
115

122

F ilton

93
100
100
95

102
103
100

72%

Metropolitan—Bonds
Y.)
Bonds, 6s.
N wssau (Bklyn.)
scrip
M itnal (N.

GAS COMPANIES.

IP Hiole’s

100

Bonds, 5s

Ask.’|
102
55
103

Bid.

Bklyn.)

(

00
115
110
77
105
133
105

,W Jliamsbarg

| Sonds, 0s
73% M dropolitan (Bklyn.)
i M uniclpal—Bonds, 7s
Municipal

Bonds, 08

no

Ask.
63
122
114
82
no
134
109
120
113

...

Preferred
Concord

4

Deferred incomes, cp...
Phil. Wil. A Balt.—4s.tr.ot
Pitts. Cin. A St. L.—7s..
Pitts. Titus. A B.—'7s,cp.
ShamokinV. A Potts.—7s

t

4136

Connecticut River
Conn. & Passumpaic
Dot. Lansing & No., pref
Eastern...!
4110
Preferred

W.—1st, 6s
2d, 6s, 1938...*,.
Sunb.ALewist^n7fl.C,.,90
Syr.Gen.A Corn.—1st, 7s.
Tex. A Pac.—1st, 08,1905

Flint A Pe e Marquette.
Preferred.
Iowa Falls ft Sirfux City.
Kan. C. ClinV dtefspringf’d
Kan. City FfffiT* Gulf

Preferred...^

K. C. Memph. * Birm
Kan. C. bpnngt. A Mem.
Little Rock * Ft. Smith.
Louisv. Ev. A St. Louis..
Preferred

45

..

Cons. 6s, gold, 1901
Cons. 6s, gold, 1908

4

Preferred
4110
Northern
Norwich A Worcester... 4175
Ogdensb. A L. Champlain 4 16
Old Colony
4178
Portland SacA Portam.

1*12'

Mort. RR., reg.. 1897
reg., 1911

Parkersburg Br
Central Ohio—Com

„

...

Lehigh Valley
Little Schuylkill

Minehill A Sch. Haven..

67

Nesquehoning Valley...
Northern Central....
North Pennsylvania

Pennsylvania
Philadelphia A Erie,

26%

26i$
215

60

Lehigh Navigation

Schuvlkill Na% igation..
*

Ex-dividend,




Prei...i
t Per share.

50
50

Pref
Western Maryland....50
RAILROAD BONDS.
Atlanta A Chari.—1st
Inc
Baltimore A Ohio—4s
Cen. Ohio.—6s, 1st, M. AS.
Chari. Col. A Aug.—1st..
2d
Cin. Wash. A Balt.—lsts.
2ds
3ds
1st Inc., 5s, 1931
Columbia* Greenv.—lsts
2ds
No. Central—4 %s, J. A J.

116

SECURITIES.

sends, 7s, 1890

Ask.

80

87%

49

6
46

4 Last price this week.

10
49
60
15

13

118

119%
106

106

112%
90% 100%
76

j

40%'

78

42%
21

101%
85%

1*14'

118

113
121
107

180**
115
220

107
230
114

Georgia Pac.—Stock
1st 6s
2da.
Kanawha A Ohio
1st pref

|

Ask

O.—34 pref..

1st 08
15
Kau. City A Omaha
1st inert
87
8
<erlv Motor
Mexican National
8
1st raorigage, tr. rec ...
40
Mex. Nat.Construct’n Co.
31
N. Y. City A Northern—
3
N. Y. W. Sh. A B.—Stock.
2%
North. Pac.—Div. bauds.. 101

Orange Bolt 1st
Pensacola

104%

A Atlantic.

Rome A Decatur
1st

11
34

20 I
16
106% 107 %j
53
50
100
90
5%
4 %
18 i
14

I

Bid

Pitts. A West. RR., 1st M.

125

Equit. Gas Co. of N. Y
Marquette..

uiort.,6s

St. L. Ark. A Tex
St. Paul E.A Or. Tr., let 0s
Tol. A. A. A N. Mich
Utah Central.—1st
Vickrtb. A Meridian
Pref.
1st mort
2d mort
Incomes
West Va. RR.—1st, 0s...
Westorn Nat. Bank
w est N. Car.—Con. M
Wisconsin Central
Pref

16

17
103

27

5

90
60

54
11
101

10

94*

95%
100

Boston Ban ks.—Foliowing are the totals of the Boston bank*:
Specie.

Loans.

1387.

L. T’nders.

Deposits.*

9,138,700
9,168,100
9,145,600

Circula’n.

S

$

$

“

120
120

1887.

Aug.
“

“

6

13
20

Loans.

t

S

97,971,400
93,897,100

8,840.600
8,840,000

S2,no,08l

2,157,400

98,763,600

8,840,000

69,003,781

2,439,700

Lawful

Mon’y

$

$

89.052.500

22,601,900
22,350,800
22,166,700

88.807,400
88,408,300

Agg.Cl*ngs

2.380.200

Philadelphia Banks.—The totals have been

1127

120

98

Flint A Pere
Pref

$

120

83
10
10

Cape Fear A Yad.Val., 1st

AUg. 6 135,528,700
“13 135,557,300
20 134,703,100

110% 111%

45

Ches. AO., ser. B.def. scrip
Ch. A E. lll.,8.Fd„coll.Tr. 106%
Chic. Santa Fe A Cal. 6s.. 103%
Cinn A Spiiugfleld
3
59
Coeu • d’Alene
v
Dul. S. Shore A At.— Stk.
9
Prel
30
East A West RR. of Ala.
Edison Electric Light.... 200

!130
...

40
80
9
9
35

Henderson Bridge—Stock

111%,

42
108 %
61
100
112

—

107%109

2d mort
Buff. N. Y. A Phila
Pref
Trust bonds, 6s

101%

8s

Wil. A Wemon—5s
7s

92
152

120

107

W.Md.—0s,3d,guar.,J.A.T
Wilm.C. A Aug.—6s

45

150

5s, Series B

Virginia A Tenn.—5s

85

80
41

Brooklyn Elev’d—stock..

SECURITIES.

.

!Kanawha A

70
89
117

I

.

1st mort

115%
129%

129'

119
119
no

Pittsb. ACon’ells.—7sJ A.1
Union RR.—1 st, gua. J A J
Canton endorsed

86

175
no
210
105
220

Tw nty-chird st.—stock..
1st tort., 7s, 1893
1112

1

1112%

Bid.

Amer. Tel. A Cable Co—
At lan. A Char. Air Line.
1st 7s

109%

0s, 1900, A. A O
old. 1900, J. A J...
5s, Series A

50

CANAL STOCKS.

do

..

RAILR’D STOCKS.tPar
Atlanta A Charlotte
Baltimore A Ohio ...100
1st pref
2d pref

Catawissa
1st preferred
2d preferred
Delaware A Bound Brook
East Pennsylvania
Elmira A Williamsport..
Preferred
Huntingd’u A Broad Top
Preferred

no

105

ilOl

Jonsol., 78, 1888
Si cth Av.—~»tock
1 *t aion.,7s, 1890
Third Av.—Stock

Bost. H. T.A West.—Stk.

80

2d, 6s, reg.. 1907
BALTIMORE.

Preferred
Camden A Atlantic
Preferred

.'150

109

107
158
110
215
117

Unlisted Securities.—Quotations from both Exchanges:

111

Pennsylv.—6s, cp., 1910..
Schuylk. Nav.—1st,0s,rg.

8%

|

121
110

Bonds, 7s, 1898
Dk. E. rt. A Bat.’v—Stk
1st mort., 7*, 1893

100
110

150

v Inth Ave
8 mond Av.—Stock
1st mort., 5*. 1910

At.APac.-lstM.C.D.o d6s

Lehigh Nav.—4*-.s. 1914.

PHILADELPHIA.

do

Western Penn.—0s. coup.

Cons., 7s,

RAILROAD STOCKS. 1
Buff. N.Y. A Phil.,ass.pd.

1*2*6

Consol.

33

106%

1*23%
1st, 7s, 1899
6s, 1909
W. Jersey* Atl.—1st,08,C. 4 107

CANAL BONDS.
Ches. A Del.—1st, 68,1886

Ports. Gt. Fa 'a A Cou’y.
Rutland
Preferred
Summit Brant n
Wisconsin Central
Preferred
Worcester Nasn'aA ttocb.

I12”

1*0*0

108
155
160
120
81
121 %
124

Cons.

6s, P. B., 1890
5s, reg., 1923

.

Ger. A Norristown
Newtown A N.Y..
A Reading
Wilm. A Balt
United N. J. Companies
West Jersey
West Jersey A Atlantic..

....

iuiT

i’03"

Gen., 4s, told, 1923

15

120
106
3klyn. Crosstowji—stock. 165
1st mort., 7s. 1888
105
Bashw’k Av. (Bklu;—St’k 150
C mtral Crosstown—Stk.. 150
116

O. y

Warren A F.—1st, 7s, ’90
West Chester—Cons. 7s..
W. Jersey—1st, 0s. cp.,’96

Maine Central
Manchester A Lawrence.
Mexican Central
N. Y. & New England.

Phila.
Phila.
Phila.
Phila.

4*110“

Consol., 6s, 1905

Union A Titusv.—1st, 7s.
United N. J.—Cons.6s,’94

..

103

B’way Surface bds.gnar..
Bonds guar., 5s. 1905
Biooklyn City—stock.
...

104
160

6s 104

Ei<hth Av.—stock...

107
Scrip, 6s, 1914
42d A Gr’nd st. F’ry—Stk 200
JTO
1st mort., 7s, 893
112
105^
90
42d St. Manh. A St. N.Ave 41
90
1st mort., 6s, 1910
107
130
2d mort., income, 0s
59
ino
■oust.W.St.AP.F?v~Stk. 155
170
1st mort., 7s, 1894
110

..

Sunb. Haz. A

D. D. E. B. A B. —Hcrip,

30
110

178

2d mort., 5s, 1914

%' 101%,

101

okerSt.A Fult.F.—Stk.
28
1st mort., 7s, 1900
m

Br’dway A 7th a v.—St’k..
1st mort., 5s, 1904

118

Sunbury A Erie—1st, 7s.

Fitchburg pref..!

|City RR. Quotations by H. L. Grant, Broker, 145 Broadway.]
3

as

360,724

follows:

Deposits.*

Circula’n

$
86,035,700
85,262.500
85,332,900

$

Toolndtng the item “duo to other banks.”

60

2,280,020
2.296,050
2.303.550

Agg.Cl’ngs,

06,609,190
49,011,040
53,243,635

270

.

CHRONIC 6 h

1FE

Z& Latest

New York City Banks.—The following statement she ws the
oondition of the Associated Banks of New York City for the
week ending August

Loans and
Discounts.

.

$

$
840.000

„

3.072.000

1.524,000
1.503.700:
579,000.

8,666.200!

3,186,100;

7.805,000;

10,900,200

J

I

Tradesmen’s
Fulton

2,695,200!
1,313,300!

!

10,170,000
8,343.000
224,000
801, ► 00!
7.233.600
335,< 00
6,457,000..
386.400
s,894.600,
207.( 00
2,955,000
321,000
9,486,1 00
184.900
2,251,300.

!

I
Chemical
Merohai ts’ Exch.
Gallatin National.

18.947.400

Butchers’ A Drov.
Mechanics’ A Tra.
Greenwich
1
Leather Manuf’rs.
Seventh Ward
State of N. Y
Americ’n Exch’ge.
Commerce
j

1.914.200
1,840,000
1.176.400
3.417.100

Broadway

878,600!

4.883,600':

67.000

268,600
73.200
236,000

129.600
508,910

139,4 00

391.400

310.600;
6. 0,700

1.342.300!

3.787,3001

16.810.000! 2,218,000
17,238,500; 2.263.300

8,181.9(!0

Republic
Chatham

4,380.910!

Peoples’

2,076.300

8,052,960

North America....
Hanover

Irving
Citizens’
Nassau
Market
St. Nicholas
Shoe A Leather...
Corn Exchange ...
Continental
Oriental
Park
North River
East River
Fourth National..
Central National..
Second Natioi al..
Ninth National....
First National
Third National
N. Y. Nat. Exch...

4.392.200
2.200.100

636.900

126,100'

4.380,800

1.125.400

17,780.000
7,555,000
3,355,000

812,000

4.712.900
1,484.000
2,346,.' 00
2.247.900
2.571.700
5.f 50,500

.

403,700!

8.892.200
4.411.600

982,300
4

42,200
45,000

45,000
439,200

4*56*6*06

*4*5*,6*0*0
9*84*6*0*0

3,689,000
2,204,500)
2,421,000
3.328.700
2 349.700
1.830,100

360,000
45,000
41,000
45,000
429,30c

209.200

4.756.700

133,800!

1.322.100

2*6i*2(*6

322.000;

248.600
183.100

2,256,5 00
2,008. 1( 0
2.279.900.

223,500
180,000

1.158.200
922,700-

209,900)

5,813,100'

103,400)

520,700!

3.874.200
2,767.500,
2.688.900,

65,200]

77,101)1

*45*660

362,6001
81,700.
134,100!
98,800,'
146.900!
157,300.

4.259.000

265.600
341.100
4 r 0,000

263,500;

2

14 5,200;
7o.( 00,

231,700
2.046,8, 0
2.14 0,400,.

35 4,000

565.100

3.340.100

0l>!
34 5.600)
062,f

306.300

1,014 000

350,710,700

i*.6*0*6

1,025.200:
227.600

1.116,500

5,815,800

8

959.3001 17.571,200

167.100

1.513.200
3.494.400
1.974.300
1,829,7 30
1,927 400

40,800

3,058.2001

641.f00,
378,100;

3,515,000

45,000

2,902,7 00
1.954.100
1.618.700

45,000
45,000
134,60c

Latest

Week

or

43,200
170,500

6^,816,900 22,252/ 003347,214,900 8,084.200

1887.

.

.

.

Aug

I

1,000,135]
813,014

01,000

1,705,* 94

.29,784

l,2c0,103

Au«:

48,071

50,t>77

Aug

Augi

20.748
23,223

10,220
15,530

j

117,021
220,000
19,309

403,940

422,409
99,319

May

) 991,140 1,021,785 4,715,503

Chic. & Alton... May
Chlo. & Atlantic 13d wk

No.Llune

99,950

35,100,

'

93,744!
141,440
621,019

Aug!

38,510
202,037

!|
)2,140,833

395,810
393,82'
312,20.

97,733
300.289'
204,000] 0,470,793 5,778.090
119,41)
14,542!
142,777
395,728 3,10u,343‘ 3,039,241

:

385,832)

8 45.>*33
747.470

1,024,341,
830,845

878,312

|

i

.

I

Julv

Ches.O. A S. WJ.Tune

710.535

202,919

31,087

098.402
4,308,09s
248.787

322,799) 2,000.111

1,819,81s
67,412!
483,741
393.470
122,007
825,797
730,26s
595,585 3,247.741 2,884,844
y32,700
32,365) 1,322,058!

i 1,270,285)

Bur. A Q.. June
2,148,532 13,276,1<»7 11,523.355
A East. 111. ;2<l w k Aug
40,035
39,006 1,192.832) 1,008,105 >
Mil. ASt.P. 3d wk Aug1 425,000] 444,523 14,30s,472) 13,947,474
A N’thw’n July
2,24i>,484 2,140,193 14,049,321 12,920.092

Chic.St,L.APitt8]4thwkJuly
Chic.St.P.M.AO. June

Chic. AW. Mich.|od wk Aug
Cin. Ham. A D...ist wkjuly
Cin.Tnd.St.L.AC. j2 wks Aug
Cin.Jack.AMuck 1st wk Aug
Cin. N. O. &T.P.|2d wk Aug;
Ala. Gt. South. 2d wk Aug
N. Orl. A N. E 2d wk Augj
Yicbsh. A Met 2d wk Aug
Vicks. Sh. A P. 2d wk Aug!

Erlanger Syst. 2d wk Augi
Cin.Rich.AFt.W.
Cin.Wash. A Bali
Clev. Akron A Col
Clev. & Canton.
Clev.Col.C.A Ind
Clev. & Marietta
Col. A Cin. Mid.
Col. Hock.V.AT.
Col. A Rome
Danb’y A Nor wit
..

2d wk Aug
2d wk Augl
2d wk Aug!

July

Juiie

.‘.j

d w k Aug
2<l wk Aug)

July
June

May

\j
]

!

Dayt’nFt.W.AC 3d wk July'
Denv. A Rio Gr. 3d wk Aug
[ J And branches.




36,711

114,000

It,058

Elii.Lex.AB.S. June

*

43,564
07.100

June

1886.

S36.518

117,254

Aug

Chesap. & Ohlo.iJuno

ji

*
944,431

-July

.

Chic.
Chic.
Chic.
Chic.

S
151,663

Aug

CanadianPacltlci3d wk Aug
Cp.FT&Yad.Val1 Jul v
!

Chic. Burl.&

1887.

1,528,823] 1,303.110 10,62**,458: 8,244.47s
551.09
84,140) ' 72,740
595,736!

\

tCamden A Atl’c July
Central of Geo..
Central Iowa...
Central Pacific
Charlcst'n & Sav

1886.

!

8
165,252

June
Allegheny Vnl /June

Atch. T. A S. F July
Atlantal Char.. June
Atlantic & Pao )2«1 wk
Bait. & Potomac July
Buff.N.Y.A Phil, dd wk
Buff.Roch.APitt 3d wk
Bur.Ced.R.&No. 1st wk
Cairo V.A Chic 3d wk
Cal. Southern.
|‘2d wk

Jan. 1 to Latest Date.

Eumings Reported.

Ho

107,3571

142,0321 3.172,116

550,001 j
27,61 5;

490,271

70,121;
99,754)

10,055;

27.070

1,597,308 1,309,172
1,587,010 1,522,55!*
•j: 2,271
228,792
00,054 i 1,9 4 7,624 1,050.595
-82.012'
21,3e 0,
066,427

20.228:

8,370

0.405

7,388)

8,579]

7,5s 7

108,2(511

8,591:
45,825]
11.174

29/ 35!

371.418,

2,568,2 8
2,995,231' 2,0!<O,897
849,200
S59,98S|

05,505
106,360
7,796;

58,088

8,313
104.717
8.2 ‘5

‘

40,691
14,139

377,507

5,070
7,791
200,48 i

198,110;

2,410

4,439;

4.73/

7,i3 2 j

19.501
9,s 13

18,239

154.000

141,840

4.

350.402

2-9,0! 5
284,964
24 2,82*
280,017
3,7 "2,1 7 5‘ 3,19/214
23s,974
220.-6.-.
l,255.27lu 1,14-8.225)
337,350
324,713

20: ,538
32,(091
335,711' 2,039,420

179,720
1 85M3-!

15*3,575
1,81 j),228
107,835

180,537

1,444.022! 1,178.790
30,737
30,140
85,000.
80,383

10
4.700,037

Kentucky Cent. June

i

9,309
59,621

1,582,157
391.275

625,628
1,401,749

44,019

9,799,394

1,373,346
6,145,45S

1,342.446
5,569,470

68,899

93,558
488,780
314.496
896,834

52,573
845.538
13,079
66,03 i

44,542

61,570

863,025
7,008,482
1,488,927

.;

38,480

39.915

230,973

25,/ 34
41,475

15,5; 9

38,860

264,001
1,560.341
1,180,705
146,143

30,740
4,312
88,6 5
6,346
3,017

Aug

44,767
22,019

LeliighAHudson July.

Long rsland.... ijd wk Aug
Louisi’a A Mo. II; May...
Louis.Ev.A8t.L. 11st ttk Aug

«.■'

G.)2d wk Aug
Memphis AChas. ]2d wk Aug

)

*

Mexican Cent’i. 3d wk Aug
“Mex.N. (N.Div) July...
do
(So.DiY!!2d wk Aug
do
all lines July
Mil.L.Sli. A West. 3d wk Aug;
Milwaukee A No 3d v k Aug

389,723
176,500

180,741
....

9,603,720
1.318.1-8

1,036,973

109,722
674,524

10T>,454

1.030,516

836,930

644,530

4,055.727

3,723.005

29,695
610,291
950,432
2,5)62,693
286,928

7,216

2.511

31,035
33,783
77,000

32,252
29,65(5
64,3(56

36.54 1

47,878

20,916

22.2 So

1 17.325*

150,230
60,466
13,265
118,787
8,141
23.541
155,027
215,256
2,677,626
12,302

37,9. 7

1,164,701

....

42.328-

17,6-1
113,455)

Jinn.ANo.West.j2d wk Aug;

462,440

266,110

76,745

[

Mmneap.ASt. L. Juue

1,405.681
217,709
125,210
1,398,255
835,756
126,618

301.915
44,928

44,886
21,823

wk Aug
Aug

6,46*5,305

984,863
117,791
1.925.042
207,274
463,904
8,414,467

106,094

Lou.N.Al.AChic.!2<l wk
Louisv.N.O. AT.;Julv*

Mar.Hough.A

26,617
3,183
72,419
7,051
2,790
44,621
16,421
99,125
44,172
18,254

■

156,268
1.101, S29

440,426
353,700

969,193
56,4 4 2

Aug
Augi

222,746
408,007
1,181.086

346,071 10,617,938
28,819
230,222
190,443 1,271.467

965.369

Aug

480,664

1,328,450

637,847

i

i

Manhattan El... Juiie
Mar, Col. A No Julv

118,212
729,185
2,379,651
111,152

693,394
2,976,337
147,197
530,552

123.655

Lake E. A West. 2d wk Aug

Louisv.ANashv.!3d

270.059

124,018'

!

Keokuk A West. 2d wk Aug
a

22,432
22,926
81,131
5,721

142,557
2,062,611
525,-22
563.320

578,564
741.353

2,303,893
230,854
636,153
991,072

671.183
982.449

2.000.528
565,640
723,970
681,276

1,304,340
361,120

.

667,765)
238,325
203.932
1,125,953

233.133
Miss. ATenn.
22,961
July
J ]
Mobile A Ohio.
1.289,807
July
.) 170,-91
258.877
s'ash.Ch. ASt.L.'JulV
.:
1,713,157 1,296.058
N.Y.Cen.AH.R. Jjnlv
,2,,779,198
19,504,923 17.590,238
8. Y. City A No Wk. Aug. O'
331.401
11.879
311,884
'.N.Y.L. E. A W ! June
....!l,,733,-170 1.536.80S 9,512,138 8,52/783
N.Y.Penu.A O. Juiie
515,731 2.844,361 2,843,033
485),857
N.Y. A New Eng June
314,316 1.950.897 1,790,823
1 333,152
832.807
N.Y.Ont.A W... ibt v k Aug
37,113
929,587
32,867
601.628
7 35,666
N.Y. Sus. A W..' J u 1 y
118,967
97,841
.;
N >rfolk A West 2d wk Ang!
90,25)7
6 L-9 4
2.355,822 1.811.432
267,459
2-0,878
33,006
30,460
N’thea.stMi(-.G\) June
i:
Not them (’eut’l. July
449.461
536,33(5
3.617,929 3,031,862
Northern Pacific.3d wk Aug;
274,24 t
245.5(89 7,468,003 6,831.383
Gliio A Miss
5-9,720 2,402,966 2,253,721
98,142
2d w k Aug)
261,4-7
)hio Southern
41,908
311,406
34,906
July
1
271.782 1, SO 1.402
1,2 39,521
Oregon Imp. Co. June
j 338.008
Jreg. K.A N. Co.ljuly
| 405,3(0 421.881 2,686.209 2,753.194
Penn sy 1 van i a... IJ u ly
\ 4,,654.370 4,3o6.G / > 31,025.694 27,606.841
472.468
’uoria Dec.AEv.!3d wk Aug'
15).461
17,940
529,886
193,176
29.874
183,208
Petersburg
June
27,836
"I
Phi la. A Erie— June
! 337,583 332,382 1,804,401 1,667,710
Phiia. A Read’g June
1 ,775,912 1,6- 4,957 10,154,498 8,726,345
Coal A Iron Co June
4 ,605,762 1,311,840 7,646,046 6,433.069
145,0: <1
1.079,585
8/3,192
Pitts. A West’rn July
171,190
1.56,446
14,592
16,1/5
168,591
F’rtRoyalAAug. Juiie
14,455
16,082
P’rtR<*ynlAW.C. June
1
Rich. Ter. Co.—.j
>
286.598 o 070 504 2.175.897
Richie. A Dau. Ju-y
305,370
Va.Midl’d Div. July
888,783
817,827
j 133,797 125.521
..

.

.

*

RAILROAD EARNINGS.
Roads.

Dub.ASioux C !July
la. Falls & S.C.1 July.
Tot. Iowallnes'july
Total all lines.) July
ind. Bloom.A W.il^t wk
fnd. Dec. ASpr.ljuly
Jack. T. A K. W. June
K.C.Ft.S. AGulf. 1st wk
£an. C. 8p. A M. 1st wk
<an. C. ( 1. ASp. 1st wk

Kingf-tou A Pern 3d wk Aug
45,000
40,700

4.034.000
5.299.400

199,000
252.100

5,00c

855,000

2.695.100

220.200)
2,000,100)
1,192.? 00 19.888.700
20,227,600
1,244,100;

1.157,400!

4.932.600
20,384,^00

N. Y. County
German-Americ’n
Chase National....
Fifth Avenue
German Exch’nge.
Germania
United states
Lincoln
Garfield
Fifth National
B’k of the Metrop.
Weat Side
Seaboard
Sixth National....
Western National.

4,904,70‘
7.224.400

4.186.5aO
146.600,
131,900;
2,249,1001
187.500!
99.200
1,062,90c
3.520.000: !,160,( 00 18,690.000
1,404.0001
8,013 000
879,000!

2,114,t 00

Bowery

317.200
539.700
152.400

2 462,800
111.900
3.407.700
237.3001
649,800' 12,123.000
3.109,000
181.300
132,400,
2.958.900
360.300
2,968.600,
2,701,100!
122,01 O'
85,300
1.703,700)
288,000, 2.986,000
307, H)0
5.373.600
4.766.900
498.300

731,000j

43,800

14.008.00Ui
11, <;4t>,30U

334.700,

538,000!

”2,600
536,600

3.444 600

639.400

2,874.000
6.092,300

17,804,500
16,684,300

Importers’ A Trad.

1.194,100'

206.100
355,800

10,653 700: 3,U43.40U!
620.600
2,953,1 00
503,200;
2.831.400
171,*0J|
2.653.600
655,600;
2.928,605
164,100,
1.957.700

262,000

1.366.900

928,20el

I.816 000:

523.400

i

Ql.Cent.(Ill.&8o) julv
Cedar F.AMiu.; July

$

588,756

16,081

209,087
56,615
841,351
10,200
63,318:
50,500

Hous.ATex.Cent)2d wk Aug!
81,700

$

618,683

20,752
37,175

100,569
51,900
372,105

!

1886

19,475

18,SOS
48,574
15,088

53,098

Gulf Col. AS. FeJ July

2,632,200;

88,4 00
272.600
1.119.000

wk Aug
Ft.W.ADen.City>2d wk Aug’
Georgia Pacific.. j.July
j
Gr. Rap. & Ind..]2 i wk Aug
Grand Trunk
i Wk Aug 13

Gn.BayW.ASt.P June

1,981,000

.

6.278

...

1.813.900

140,10.)!

938,200
5,335.00.
7,349,-. 06! 1.384.7 001
584.600
2,4 45,800!

)

Total

327.900

96,088

Fla.R.&Nav.Co.)2d
.

1.347.100
20,713.800
3.556.600
3.748,700;

64,M0
44 3,700

6.776.900
52^,200

3.203.300

j

Mercantile
Pacific

396.100
350.900

51.350
24.555

Evansv. A T. H.l3d wk Aug
Flint A P. Mara.]2d wk Aug

$

1887.

$

22,975,

Det.Lans’gA No. 3d wk Aug!
S.Tenn.Va.AGa.)/d wk Aug
Evans.ATnd’plis'Sd wk Aug.

j Jan. 1 to Latest Date.

1886.

1887.

W.j2d wk Aug
Det.BayC.A Alp: July
j

other
than U. S.

lenders.

7,044,800. 1,172,400

City

Ho

Denv. AR. G.

Net Deposits

Legal

1,790.000
8.565,000] 1,720,000

10.740.000

Merchants’
Mechanics’
America
Phenix

or

8

Specie.

$

New York
Manhattan Co

Week

Ea rn i ngs' Beported.

20, 1387:
Average Amount of-

Banks.

(VOL, XLY

3.915,543

.

......

Char.Col.AAu. July

Col.AGr.Div.. July
West.No.C.Div July
Wash.O. A W.. July
Ashv. A Spar.. July.

i

55,223
29,94o
55,95)0

!
..j

j

9.500

'

6,200
20,039
27 1,905

Rich.APetersbg. June
Rome W. A Og June
:
St. Jo AGd. Isi )2d wk Aug

St.L AltonAT.il

2d wk Aug
St.L. Ark. A Tex. 3d wk Aug;
St.L.ASan.Fran, 3d wTk Aug
Si.PaulA Duluth 3d wk Aug
St.P.Min.A Man. July
'
Scioto Valley... Juiie
Sbemindoah Val. J uly...
;
South Carolina. June
So. Peei.ic Co.—. ‘
Gh .Ilnf. vS.a June

N. Y.T. A 51
lex. a

iN. O:

,\

J
-•

’

Atlan’c sysr’iu
e
Pacific system j;«
June
Total

StatenIs.Rap.Ti July.
Texas A l acini- a uly

50.525

73,000
61,618

00,0< 0
62,419

99,105
687,333

7 5199,928

: 1,887,260

1

28,400
1.382,865 |
640,424 j
‘
806,973 I
524,675 !

123,090
398,137

Wisconsin Cent’t 2d
l liic. Wis. A M.!2d
Min. St.C.A W.)2d
Wis. A Minn. J2d
♦

wk Aug
wk AUii,
w k Augi
wk Aug

Including branches.

34,685
16,826
7,493
4,679

1.246.854
6.6,45)8

125,094
424,254

978,179
1,347,622 1
3,570.06/ ] 2,-730,892
819,928
936,162
4,01 5.4o3 3,519,044
•

354,010

299,215

468,523
532,154 |

367,614

521,010

1,558,983 ! 3,233,339

201.966

300,465
48,710 |
381,876 !
262,566 ! 1,942,019 i 1.972,574
64,931
82,516
12,43^
450,949
579,124 j
80.0S1 !
605,760 4,544.519 i 4,022.258
1,985,969 11,772,696 10,7.-6.108
2,591.7/9 10,317,213 14,758,366
430,142
477,8"8 i
118,604
426,120 ! 2,95)4,975 1. 2.1*56,151
210,456
302,915
9,842 1
’
470,670
13,725* j
609,551
502.736
35.498
533,637 !
1

11,976
Tol.A.A.AN.M’h 3d wk Aug
17,-69
Tol. A Ohio Cent. >d wk Aug
35.682
1 o) 1\ A West.. 2 wks Aug
Fnion l’acifie.. June
-5,506,828 2,2
4.45- 13,021.892
5*3.50/
361,184
51,162
Valiev of Ohio..‘July
i
107,537 3,5)73,437
125,333
Wab. Western... 3d wk Aug
536,32" 3,050,731
Wab. E. of Miss.-June
j 556,850
179,858 1
800.485 *
19-,974
fWesi Ji rsey... July
350.387 i
45,58o
45,796
Wil. Col. A Aug June
t
446.-402 i
12,476
13,716

Wheeliu'g A L.E. 3d wk Aug

25.188
6.045 j

5,4-9
3,4 41 i

11,531,057
322,088

3,357.408
3.010,298
725,497
339,588

1.233,821

368.176
295,626 i
177.613 1

* Mexican currency.

Including since Feb. 1st in both years the Tnd. Peru A Chic,
f Not including Central of New Jersey in either year,
c Not including earnings of New York Pennsylvania A Ohio.

a

26,053

104,736

114,424

34,767

11.774

me
u ‘

59.100

571,526

63.489

4

334.848
263.211
53.200
15.930

4.535

385,051

104,138

215,713
65,718
295,0/3

,

Louie... W-wt.June
Morgai/? I'.t June

2

232,101
22,392
24,708 :
15,078
32.75)7

18,8:-0
45,008
129,200
34,503
621,344

Branches.

434,044

28,219
43,068
9,600
3,400
17,191

17,259
27.088

2d wk Ang

49,246

358,102
897,654

145,768
104,925

August 27,

THE CHRONICLE

1887.j

271'

California Southern.—The Atchison
company issued the*
the six months from Jan. 1 to Juiw*
30, 1887 :

Investment

following this week for

AND

Average mileage
earnings
Operating expenses

gailv cm cl Jnt ell igeuce.

26'T

Gross

Net earnimrs

The Investors' Supplement contains cl
complete exhibit of
the Funded Debt of States and Cities and
of the Slocks and
Bonds of Railroads and other Companies. It is
published
on the last Saturday of every other

month—viz., January,
March, May, July, September and November, and is fur¬
nished without extra charge to all regular subscr ibers
of the
Chronicle.
Extra copies are sold to subscribers of the
Chronicle at 50 cents each, and to others at
$1 per copy.

GENERAL INVESTMENT NEWS,
Railroad Net

Earnings.—The following table shows

latest reports of net earnings not heretofore
published.
-—Jan. 1 u
July.

CO

,

Name of Road.
Balt. & Potomac

1887.
$
117,254
46,643
251,552
77.630
117,021
55,246
422,409
66.365

1886.

$
114,006

the

1887.

1886,

$
818,64 !
282,090
1,517,094

$

J

.Gross
747,476
Net..
* 9.2 39
233.224
Buff. N. Y. A Phi la... Gro s.
245,709
1,446,346
Net...
6 ’.477
264,56 L
260,160
Canid .-n & Atl. A l>rs Gross.
97,733
360,239
312,262
Net..
45,753
61,506
41,493
Central of Georgia.. Gross.
395,728 3,160,343 3,039,241
Net..
810.720
121,934
695,625
Cleveland A Can tun .Gross
29,035
33,669
201.538
193.575
Net...
8,(95
7,627
48,4*3
41.316
Did. Bav Citv A Ain.Gross.
51.350
270.059
Net...
24,3* 6
129,450
Fort Worth A D. C.. .Gross.
68,387
34,671
35S.017
205.037
Net
34,8‘ 0
14,706
140,858
74,433
*Mex. Central
Gross. 371,790
276,538 2,690.4 S3 2.119,801
Net
/ 2,062
145,190
1,193,804
05^,852
X. Y. Out A W
.Gross.
155,399
144,330
318,511
732,720
Net...
41,315
41,990
107,913
72,790
X. Y. Sus AW
.(truss.
118,967
97,8 J1
735,6(56
601,628
Net...
56,743
41,753
829.913
251,576
Northern Central
.Gross.
536,336
419,461 3.617,929 3.031,862
Net...
189,381
121,757 1,444,2 i 7 1.021.137
Pennsylvania
.Gross. 4,654.370 4,356.677 3 1,025.094 27.606.841
X. t... 1,673.54 1 1 580,(>28
10,457,92 l 5*.250,252
West Jersey A hrs... .Gi oss.
199,974
17o, *58
800,485
725.497
X e t...
92,319
72,5.2
291,535
219,170
.

.

,

..

.

v

.

.

,

"

Estimated.
1887.

Name Of liquid.
Cal. Southern

Gross.
Xet...

Chic. A Grand Trunk.Gross.
X et

93.744
36,327

415,370
75,285

320,393
138,419

r

,

Atchison

.—Jan. 1 to Ju
1887.

ne

30.—>

1886.
$
733.542
305.435
331.827 del. 35,659
1.645,655 1.4 2,065
4

..

East Teim. Ya. A < ia <;ross.
Xet...

that the

1886.
$
o6,430
4,919

.7,313
2,384 8 54
559,271

257,144

1,89’,366
515,003

Topeka & Santa Fe.—Boston dispatches state
r of
the St. Louis Kansas City
& Colorado

transit

Railroad

to Atchison will soon
60 miles out of St. Louis.

be

401,71-1

$331,82ft
$23,901*

—

Estimated taxes, 6 months
Rental of track, 6 mo iths
Rental of rolling stock, 6 months

28,914;
6,360-

Total rental and taxes
Net earnings as above
Total lental and taxes....

$5P,675>
$331,821$
59,67?*

Surplus for half-year
The Boston Herald says: “The first

$272,151

mortgage interest ies
$120,000 per year, and sinking fund requirement $28,000. Onehalf of these is $74,000,
which, deducted from $272,151,
leaves $198,151.
Six months’ interest on $3,505,000 incomes
at 6 per cent per annum is
$105,150. This paid, there wouick
remain a balance of $93,001 for the stock or other
usee..

Call the stock
for six months

$6,000,000 (it is a little m ire), and the earning^
figure about 1 }4, per cent on the capital. Oper ¬
ating t xpenses were 54-7 per cent. This is a remarkably goodl
showing for a property that was only recently bankrupt.”
Central Railroad A* Banking Co. (61a.) —The
earnings and.
expenses for July and for the eleven months to
July 31 were,
as below :

.

.

$733,54.1

(exclusive of taxes aud rentals)

Gross

1887.
e

irnings

Operating

$422,408
356,043

expenses

Net earnings.

1886.

1*87.

$395,727

$5,872, .’81
3,030,187

273,793

‘is 86.
$5,705,861
3,724,095

GB.3‘35

$121,934 $2,182,094 $1,981,76^.
Central Railroad of New
Jersey.—A circular has been sent
to the stockholders of the Central Railroad

Company of New
Jersey, inclosing for signature an assent of stockholders in
statutory form to the purchase by the comp my of its n< eessary constituent railroads, with a view to
bringing them mores
effectually under the general mortgage, in furtherance of the
plan of reorganization. The circular says that this
company
already owi s all their capital stocks, except minority interests
in the stocks of the New York &
Long Branch Raiboad and
the South Branch Railroad, which are
being acquired under
op ions reserved in the leaees of these roads, the mrchase of
the railroads in qaestio \
involving no outlay of money or issue
of stock or bonds other than as
provided in the plan of reor¬
ganiz ition. The assent includes the railroads of the
following;

companies, which

are

not

now

panies, and the stock of which is
but

which

will

necessary constituent
not owned

be

com¬

by this company,,

purchased hereafter, if it should prove
The Cumberland Sc M urice River
Riilroid Company, the Cumberland Sc Maurice River
Exten¬
sion Railroad Company, the Dover Sc Rieka
way Railropi
Company, the Ogden Mine Railroad Company. The following^
are the names of
all the companies Constable's Hook
ijfiiV
road, High Bridge Railroad, Lake Ibpatcing Rtdroad, Long*
wood Valley Riilroid, Manufacturers’
Railroad, Long Branch
& Sea Shore Railroad, New
Jersey Southern Railway, New
York Sc Long Branch Railroad, South Branch Railroad, TomeRiver Railroad, Vineland
Railroad, West End Railroad1*
Cumberland & Maurice River R lilroad, Cumberland Sc
Maurice
River Extension Railroad, Dover Sc Rock
away Railroad*,
Ogden Mine Railroad.
expedient

so

to

do,

viz.:

completed. The road now
Atchison, it is said, will prob¬
ably complete and extend it to Kansas City.
—The .Atchison Topeka & Santa Fe’s
mortgagp, securing the
issue of $10,000,000 in bonds for the
company in Chicago, has
been filed for record in the recotd* rs office in that
city. This ;
implies immediate work on the construction of ihe Atchison's
Chicago termii als. The mortgage is for the purpose of cov¬
ering all the propei ty that the Atchison may hereafter acquire
in Chicago.
It is said tnat the Atchison's terminals in Chi¬
cago will be among the finest in the country, situate! in the
Cincinnati Indianapolis St. Louis &
heart of the business part of the city.
Chicago.—The an¬
nual report to be given to stockholders at
thtir meeting Sept.,
Brooklyn Flatbush & Coney Island.—This railroad, ii elud¬ 15 will show the following for the
year
ending
June 30 :
ing the ladroad from the B-dford Station in Brooklyn to
18-0-7.
1885-6.
Increase:.
Coney Island and the Brighton Beach Hotel at the sea ter¬ E,irnings
$2,752,892
$2,526,934
$225,95 S
minus, was sold at auction on T1 ursday. It is proposed to Expenses
1,641,611
1,480,492
161,11 f>>
reorganize the corporation under the name of the Bro >klyn &
Net
Brighton Beach Company and to run the road as a suburban
$1,111,281
$! ,046,443
$61,83$.
rapid transit line, in connection with the Kings County Ele¬
The $3.00°,000 of additional
capital stock taken last spring
vated road in Fulton Street,
Brooklyn, making dirjet" com¬ will draw its first dividend on Sept.,18.
munication between the Bridge.
1 he sale took place under
Cleveland & Canton.—Tne Cleveland & Canton Railroad has
foreclosure proceed mgs begun by the
Brooklyn Trust Com¬ » forwarded its
runs

report for the year en ed June 60 to the Ohio
The mortgage was for $614,000. The property w.is
divided into two lots, the fiist
including the railroad and i R lilroad Commissioners, and it shows the following :
hotel. The first bid was $600,000, by
$ 170.007
George W. Dillaway, in Earnings
l Expenses
.2
behalf of the fii st mortgage interest.
296,7 S8George I Murphy bid
$601,000 for the holders of the second mortgage, who have
Net
$73,27
perfected apian for the reorganization of the road, and the Balance July 1, 1;8J
0,437v
property was knocked down to him.
The second lot, includTotal
the land leased to the Kings
$79,71
Interest
County Water
pany.

.

near

Sheep-head Buy,

was

Supply Company,

bid in by Mr. Murphy for $80,000.

Buffalo New York & Philadelphia .—The committee for
the reorganization of the Buffal > New York &
Philadelphia
Railroad Company give notice that holde s of securities, who

have

joint d the plan of reorganiz ition of Feb. 15, 1886,

not

and deposited their securities then under,
may, in accordance
with notire formerly given, do so
upon paying a penalty of 10
per cent upon each share of common or preferred
stock,and 5
per cent upon the face value of the bonds deposited.

The

gross

July 31,

and

were as

net

earnings for July, and from Oct. 1

follows

JulI/.-—

/

18 ST.

Gross earnings

Operating
.

Net

expenses

earn bigs




to

:

1886.

s

,—Od. 1 to Julif 31.—18-(>-7.
1885-6.

$251,551 $145,708 $2,l47,9.-4 $2,102.555
173,921
181,231
1.843,149
1,664 693
$77,630

$C4,477

$304,805

$437,862

Taxes
Other

.

chd’ges

Balance July 1, 1387

.

$25,287-.
11, 83

31,721-71,594
$8,12.1

The company expended and charged to operation
during
the year $46,307 in construction.
The company has got its
ne v bonds
printed; they wiil be for $2,000,000 and run for
30 years from July 1, 1887. at 5 per cent interest,
payable.Jan. 1 and July 1.
They will be a first mortgage on 161 ni'lee
of road, in‘hiding all of the
prope. ty, on which Pre idenfc.
Blood says $6,500,000 has been expended.
The operating ooefc.
of the road was 80T4 per cent and coil'd have been made less*
The debt is the same as it has been, and will be taken
up
when the new bonds are sold.

East Tennessee Virginia &
fiscal

year

Ohio),

were

Georgia.—The results for the
ending June 30, 1887 (not including Knoxville <5t
as below :

THE CHRONICLE.

272

1836-37.

1885-C6.

Gross earnings
Operating expenses

$3,778,291
2,404,312

Net earnings
Interest paid

$1,373,978

“

not

$4,368,180
2.901,228
—

$1,466,952
$73 4,435

98,903

paid but due

$833,343
Dividend
Taxes

on

1st

440,000
112,463

preferred stock (4 per cent).

•.

$1,385,806

$81,145

Surplus

LYol. xlv.

4. Tlie Cascade Branch was open for business the 1st of July last.
By its construction the company has secured the valuable land grant
coterminous with that piece of road, and is placed in a position where
it can without restraint, negotiate with other companies in regard to
the business of Washington Territory and Oregon.
5. The names of the committee appointed by the board of directors
to solicit your proxies give abundant assurance that th» gentlemen for
whom the committee will vote will command the confidence of the
stockholders and of the business world, and that they will properly
protect the interest of the Northern Pacific Co. and of every stockholder.

Oregon Trans continental.—In the case of the Oregon

Trans-Continental Company vs. the N >rthern Pacific Railroad,
in the United States Circuit Court, a motion was made by the

plaintiff corporation before Judge L^combe to file a supple¬
mentary bill. The object of the suit on the part of the plain¬
tiff corporation, which is a stockholder in the Northern
,—Nov. 1 to July 31.—.
July.
1887.
1886.
1886-7.
1885-6.
Pacific, is to prevent the latter from assisting the Oregon &
Gross earnings
$34,671
$281,912 Washington Territory Railroad Company.
$457,343
$68,387
19,365
*262,369
182,667
3 3,507
Operating expenses
Pacific Mail.—At a special meeting of the directors a divi¬
Net earnings
$194,974
$34,880
$14,706
$99,245 dend of 1
per cent was declared, payable September 15th. At the
Indianapolis De atur & Springfield.—la the new direc" regular meeting last week the directors voted not to resume
the payment of dividends and referred to the executive com¬
tors mentioned in the Chronicle last week the nanc given
mittee a proposition to reduce the capital stock from $20,000,a3 Stephen LI Taylor should have been Stephen H. Thayer.
Knoxville <fc Ohio.—The statement for the fiscal year end" 000 to $10,000,000. This scheme was abandoned and a divi¬
dend declared. The resignation of George J. G uld, who has
ing June 30, 1887, is as below :
nerer qualified as a director, was receivtd, and it was an¬
1885-86.
18-6-87.
Gross earnings
$103,517
$341,287
nounced aft* r the meeting that three new directors would be
255,798
Operating expenses
2 8,9 <0
elected next week in place of young Mr. G uld and two
directors whose position has been merely nominal.
Net earnings
$152,719
$122,290

Fort Worth & Denver City.—The gross and net earn in gn
for July and from Nov. 1 to July 31 are as follow i:
.

,

^

$165
120,000

Taxes
Interest

$120,165
$32,554

Surplus

Memphis & Charleston.—Tne earnings, expens s and
charges for the fiscal year ending June 30, 1887, were as

Pennsylvania Railroad.—The gross and net earnings for
July and for seven month'-, January 1 to July 31, were as
below stated.
On the lines west of Pittsburg & Erie the net
result, after payment of interest and aU charges, is shown in
the second tablA

LINES EAST OF

below:
1836-87.

1885-86.
Gross

earnings
Operating expens

s

and taxes

Net earnings
Car trust payments

$1,323,529
t'37,214

$1,613,513
1,195,491

$386,314

$14 ',022

$ .1,541

Interest

Jan. 1 to June 30

July

$438,221
$9,801

-

.

Surplus..

Mineral Range.

—The Mineral R inge Railroad, which run3
from Hancock to Calumet, Lake Superior, had an election this
week for a new boar l of directors.
This action was owing
to the recent failure of II nry S.

Ives of New York, who was
actively interested in the manage¬
ment of the road.
The new directors are Charles W. Cass,
George K. Chase, F. B. Loomis, William G. Smith, William
N. Cromwell (assignee of Ives & Co.), and Jas. Graham, all of
New York; Charles Phillips, of Philadelphia; William R.
Shelby, of Gr and Rapids, and J tcob Baer, Peter Roppe, and
G. A. Wright, of H incock. Charles A. Wright was re-elected
Manager. Charges are made that the former managers issued
President, and hid b

stock and bonds

en

improperly.

New York Chicago & St. Lmis (Nickle-plate).—The
stockholders will periect the organization hy a consolidation
of the companies organized in the several States in which this
line runs. To this end notice is given that a special meeting
of the stockholders will be held at No. 54 Wall Street, in the

city of New York, on the 22d day of September, 18S7, for th >
purpose of considering the joint agreem jnt of the directors of
the New York Chicago & St. Louis Rtilroad Company, the
Cleveland & State L,-ne Railroad Company, and the Fort
Wayne & Illinois Rtilroad Company, for th) merger and con¬
solidation of siid several railroad companies into one corpor¬
ation, under the name of the New York Chicago & S'. Loirs
Railroad Company.
New York Ontario & Western.—The gross and net

earn¬

\

for the Chronicle

as

follows

-July.1887.

1886.

1886-7.

188-5-6.

Gross earnings
$155,399
Op. exp. amt taxes. 114,064

$144,330

$1.14-»,650

102,340

1,001.233

$41,315

$il,990

$144,417

Net earnings

$31 025,094

$27,606,841 $10,457,924

$9,250,252

by President Robert Harris states the situation of the com¬
pany as regards the coming election, and contains the folowing:
1. The Oregon & Trans continental Company has for the past three
years made a cltimof $3,0-0.090 against the Northern Pacitic. Com¬
pany. The justice of this claim the Northern Pacific Company denies
The character of the claim was stated in the last annual report of this
company.
2. Tlie Oregon
one-sixth of the

Trans-Con inental Company is the owner of less than
stock of the Northern Pacilic, whi'st they own sixtenths of the stock of the Or. gon Raiway <fc Navigation Company
This fact explains their d* sire to promote the interests of the Oregon
Railway & Nav. Company at the expense of that of the Northern Pa ifle.
3. A forcible instance of the po icy of restriction on the part of the

Oregon & transcontinental Company exercised toward the Northern
Pacific is presented in that company’s applying to court and getting a
temporary restraining order, now in force, to prevent t e Northern
Pacific from carrying out their coutraet with the Spokane <fe Palouse
Railway Company for the extension of that road to Snake River, on
the pretence that, the contract jeopardized the interest of the Oregon &

Trans-Confiueutal Cumpanjr as a stockholder of the Northern Pacific
when iu point of fact the object of the Oregon ^Transcontinental Com

payment of charges.

1887.

1886.

30. Sur. $410,48 4

Def. $514,923

Sur.

87,008

Total, 7 mos ....Sur.

$197,492

Dijf. in 1887.

1,0,500
$749,907

Los's.
Gain.

262,508

Sur.

$925,407

Gain.

Def. $252,415

Philadelphia & Reading.—A member of the Reading Re¬
reported as saying that the trustees
have come to the conclusion that they will not attempt to ne¬
gotiate with the holders of the divisional mortgage bonds of
the Coal & Lon Company, but will leave th-) task for the
directors after reorganization.
Over $12,000,000 of the bonds
secured by forty-three separate mortgages are outstanding.
construction Trustees is

considerable time to negotiate with the many
might delay the dis¬
charge of the receivers. Nearly all the mortgages were cre¬

Ic would require
holders of these

securities, and the work

ated in 1873 and run for twenty years.

Railroads in New York State.—The returns of the fol¬
lowing roads for the quarter ending June 30 have been filed
at Albany :
-Manhattan.
r-JluffaloN. r. JVhila 1886;
1887.

1837.

1886.

$674,266

$154 559

$2,093,' 46
1,119,412

$L,959,052

Net earnings....
Other income

$L75,608

$105,892

$973,604
29,513

$980,361

15,249

Total income...

$175,668
149,718

$121,141
125,119

$ ,003,117
509,849

$997,703

sur.$25,9a0 def. $3,978

*$193*268

*$498,439

Gross earnings

498,598

Operating expenses.

Charges
Balance
*

Surplus over dividend,

Gross oarnings

518,667

978.691

17,342

499,264

$103,268 in 1837, and $103,439 in

1887.^
$139,976

188

1886.

1886.
1886.

.

$159,099

$13 •',895
104,467

$1 >6,92*2

114,252

97,219

Operating expenses.

169.113

Net earnings
Other income

$30,863

$23,4 28

$ >2,670
4,63 )

$61,880

Net income

$30,863

$29,428
63,575

$>7,309

$66,648
65,767

df.$ 14,037

df.$34,147

$146,705

Northern Pacific.—A circular to the stockholders issued

PITTSBURG & ERIE.

surplus or deficit after

$1,214,293
1,06 \580

8 784.383 $7,669,624

4,356,677

.

Ocl. 1 to July 31.—,

*

1,580,628

:
'

1886.

1887.

1,673,541

July

ings for July and from Oct. 1 to July 81 have been obtained
;

Net Earnings.

^

$23,250,164

LINES WEST OF

Jan. 1 to Jane

>

$26,370,724
4,654,370

Total 7 months

376 6-0
Net

a

PITTSBURG AND ERIE.

Earnings.
1887.
1886.
Gross

,

64.900

Charges
Balance

Railroads of the United

4,768
"

62 330
def.

$5,021

fcur.

$881

States in 1S86.-The introduction

Poor’s Manual for 1887 is just out. The general exhibit of
railroad statistics for 1886 contains the following :
137,986 miles.
Length of track laid up to December 3i, 1886
Increase of mileage in the calendar year 1886 (7*8 p.c.)..
9,000 miles.
The fiscal years of different companies ended at different

to

periods in 1886, and up to the close of their respective fiscal
mileage completed was 133,606, the balance
being completed between the close of the fiscal
years of some companies and the end of the calendar.

years the total
of 4,379 miles

LIABILITIES AND ASSETS OF

THE COMPANIES OWNING THE ABOVE

133,606

MILES OF LINE.

.4 ssels.

Liabilities.

Capital stock
Funded debt
Unfunded debt
Current debt

$3,999,508,508

3,882,966,330
280,673,814
213,525,194

Cost.of railroad and

$7,254,995,223

equipment
Real estate, stocks,
bonds and other
Investments

973,975,705

rec’ble
current acc. «feo..

319,344,405

....

Cash, bills
«■»'

•■'•■JO

vimm.nuiai

wmpm.t

l/UO

aillUU

UII1H

prOmOTUl g

tlie construction of the Washington Si Idaho Railroad, in territory adja¬
cent to the line of the Northern Pacitm, the same being intended as a

tributary road to the Oregon Railway & Navigation Company.




Total liabilities ..$8,376,673,846
Excess of assets over

liabilities....

Total assets....

$8,648,315,333
$171,641,487

.

THE CHRONICLE.

August 27, 1887. J

Total mileage of road completed »t close of fiscal years... 133,606 mile5*.
Of wliicli full statistics of operations were received from.125,146 miles.
Mileage of roads not reporting earnings, &c., consisting

chiefly of new roads not yet brought into full operation.
iles operated
Miles
125,14 6 I Net earnings brought
forward
Pass. train mileage
210,637,802
349,607.537 Other r’c’pts, includ¬
F’ghf train mileage
9,437,561

M’x’d train mileage

Total avail,

Tons moved.
Tuns one mile

....

We

136,200,0-9

Earnings—Pass
Freight.
Other

..

Total

Operating expenses
Net

$2 >7,311,615

$182,884,990
4.471,550
80,094,138

Other interest
Dividends
Rental

$211,929,857
550,359.054
59.903,038
$822,191,949
524,^ 80,334

$363,511,704

revenue.

Payments from avail-

ble ? evenne :
482,245,254 |
52,' 02,070,524 Interest on bonds

ABSTRACTS OF RAILROAD MORTGAGES.

$297,311,615

Total train mileage

569,772,990
382,284,972
Passenger-mikaim. 9,659,698,i9 i

Reports anti documents.

*8,460 miles,

ing rentals received
by lessor eus

Passengers carried.

publish this week abstracts from the following mort¬
Duluth & Manitoba 1st mortgage, dated June 1, 1887;
Duluth South Shore & Atlantic 1st mortgig0, dated April
15, 1887; Mobile & Birmingham 1st mortgage, dated February
1, 1887, and Poughkeepsie Bridge trust deed, dated August 1,
gages:

1886.

153,888,966

Miscellaneous

DULUTH & MANITOBA RAILROAD.

22,789,111

Total
$344,128,755
Bal. Excess of avail¬
able rev. ov<-r actual

TRST

MORTGAGE ON THE DULUTH
RAILROAD TO SECURE SINKING
BONDS DUE JUNE 1. 1937.

p’y mbits therefrom
*

earnings
In 18-6 about

for the year

three-fouiths of the

Comparative statement showing for all railroads of the

'Cost of road ami equipment per mile.
fPass: nger eaiuiims per mile

tFreight earnings per mile
tGross earnings per mile
INet tiaflic earnings per mile
Percentage of expenses to earnings..
Pass,

1886.

1885.

1884.

1883.

$
29,935
29,062

$

$
30.064

$
30,759
28,650

5

4,301
J

,093
4,397

per pass, train mile..
Freight ear ings per freight train m.
Gross earnings per revenue train m..
Gross expenses per revenue train m.
Net earning* per revei lle train mile.

eariiimrs—proportion of gr ss
Freight ea- n’gs—proportion of gross.
.

Other earnings

Earnings
Earnings

proportion of gro-s.

per passenger per mile
per ton per mile.-.—

Average dist nice per passenger
Average haul per ton
‘Interest per ceut of bonds.
Interest per cent of bonds and debt..
Dividends per ceut of stock
Int. and div. p.o. of stock, bonds <& debt

9,867
29,453
55,059

29,317
55.329

1,632

2,376

4,219
6,265
2,185

63-84

65 12

65-21

6,570

$

I’oOG
1-573
1 -44.3

0*921
O'

22

P.

Pass,

:

1,801
4,382
6,C63
2,318

$

earnings

c.

25-77
16-94
7-29
Cts.
2181
1 042
Miles.
25-27
109-49
P. c.
4-75

4-53
20 4
3-26

0.949
1-518
1-366
0>92
0474
P. e.
26*9
67"4
5-7
Cts.
2-198
1 057
Miles.
25-99
112-46
P. 0.
4-77
4-62
2 02

3-36

$
1-001
1-502
1410

0-918
0-492
P. C.

55.46)
1,951

5,092
7,461
2,70 J
63 78

$
1.11
1.5(5
1.50
o-9;
0 54
P. c.

27-1
6‘\)
70

•26
•67
•o-

Cts.
2-3S6
1124
Miles.
26-21
112-07
r. c.
4-66
4-51
2-48
3-52

Cts.
2-422
1-23 *.
Miles.
27-3:
110-04
P. c.
4-59

2-75

Company.—The following is

a compara¬

earnings, expenses and fixed charges of
this company for June, and from January 1 to June 30.
The
total mileage is 4,964 against 4,707 last year:
-June.

Oross

Earnings—

$1,985,969 $11,772,696 $10,736,108
005,760
4,544,517
4,022,2. 8

$2,887,260

$ ',5** 1,724 $16,317,213 $14,738,366

$1,082,759
170,778

$1,024,540
63,902

$5,172,007
922,6s6

$5,316,34.3

Total net
$1,254,537
Rental leased lines...
93,425

$1,088,442
46,681

$6,094,693
462,403

$6,162,0^4

Total net income.. $1,3 6,962
‘Fixed charges
1,223,359

$1,135,123
1.162,836

$'J,557,096
7,180,153

$6,442,137

Net profits

df.$ 17,713 df$623,057 df.$534,879
55,792
471,220
g164,8C4

Pacific sj'stem
Atlantic system
Total gross
—

i

-

-

)

1

Jan. 1 to June 30.—
1887.
1886.

>

1887.
$2,194,928
6s7,332

Net

Earnings—

Pacific system
Atlautio system

Construction and imp.
Balance

$123,603
204,283

1886.

df. $80,680 df. $83,505

Parties.—The Duluth & Manitoba Railroad Company, of the
first part, and the Farmers' Loan & Trust Company of New
York

City, Trustee, of the second part.
perty Covered.—All and singular the railroad of the
company now being, and to be, constructed, namely, beginning
at the present terminus of the branch railroad of the company
Pr

on

the east bank of the Red River of the North at East Grand

Forks, Polk County, Minnesota, extending thence westerly
said river to the City of Grand Forks, Grand Forks
County, Dakota, thence extending northerly through the
Counties of Grand Forks, Walsh and Pembina in said Territory
to a point on the International boundary near Pembina, in¬
cluding the bridge and the approaches thereto across the said
river; and all branches which the company shall construct
under the laws of Dakota, and all the rights-of-way, grounds,
structures, including bridges, buildings, etc., and all rolling
stock, supplies, etc., whether now owned or hereafter acquired
for the construction, maintenance and operation of the said
railroad; and also all rights and franchises thereof, and
revenues, etc., therefrom.
across

THE BOND.

First Mortgage

Sinking Fluid 6

Pate. — June 1,1887.
Amount Authorized.—15,007 per

psr

cent. Gold Bond.

mile of main track actually constructed

Denomination.—$1,000 each.
or Registered.—Coupon,
company in New York.

Coupon

,

hut maybe registered at the office of the

Principal Payable.—The principal is payable June 1, 1937, unless the
bond be previously drawn by the sinking fund, in United States gol i
coin of or equal to the present standard weight and fineness, at til •
company’s office or agency in New York City.
Interest Payable.—The interest is 6 per cent per annum, payable June
1 and December 1, in like gold coin, at said ofliee or agency, free
from all taxes.

Registration.— The company shall keep at its New York office a book for
the registration and transfer of bonds, and also one to be designated
the
Regist r of First Mortgage Bondholder*,” in which any bond¬
holder may register his name and address, such registration entit¬
ling him to notice by mail of the calling in of his bond*.
Sinking Fund.—Ten years after the date of said bonds and every year
then after until their maturity, the company agrees to pay to the
trustee for a sinkli g fund an amount of money, which, when
invested, together with other sums to be pail thereto, shall he suffi¬
cient to purchase at $1,050 aU the bo:.ds, at or before their matur¬
ity. This money shall he applied to the purchase of bonds in the
market at not exceeding $1,050 each, and If bon is cannot be so
purchased, to the redeim tion of bonds drawn by lot on April 1 and
October 1, or ofteuerjf deemed expedient, at $1,050, Romany bonds
being drawn as the funds in the sicking fund shall suffice to redeem.
Bonds thin purchased or redeemed shall be cauceled. and the com¬
pany agrees to pay to the trustee, semi-annually, the interest which
would have accrued on such bouds, had tiny not beeu so can¬
celed for the sinking fund.
This interest shall bo invested and
applied as other sums paid to the sinking fund.
*

Under this head the rate per mile refers to completed road,
t Under this head the rate per mile refers to road
operated.

Southern Pacific

Date.—June 1, 1887.

3 *88

*

tive statement of the

MANITOBA
FUND GOLD

uew

United States the averages per mile of stock, bonds, cost ana
earnings, percentage of expenses to earnings, earnings per
passenger train mile and per freight train mile, per passenger
mile and per tonnage mile, etc., for 1883, 1884, 1835 and 1883:
per mile
'Bonded debt per mile

&

$19,382,949

mileage was l uilt in the last
six months of the year, and ceneiquently had not been brought into
operation until the year 1887.
t In all cases where the operations of leased railroads are separately
reported, the lessor’s income account lias been omitted, a duplication of
amounts under these heads being thereby avoided.

‘Capital stock

273

845,711

280,083
6,477,016

df$l,094,277 df $699,743

‘Includes interest, rentals, Cent. Pac. guarantee, taxes and U. 8. dues.

D

fault.—In

case

default in the payment of interest or in any

other covenant herein contained shall be made and continued
for three months, the trustee may, and upon a requisition in

writing signed by the holders of not less than one-quarter in
amount of the bonds then outstanding, (subject, however, to
the power of a majority hereby declared to instruct the trustee
how to act) shall, enter upon the railroad and operate it, and
shall apply the net proceeds to the payment of the accrued
interest in the order of its maturity, ratably, aud to the pay¬
ment of any arrears due to the sinking fund ; and when all
money due shall have been paid, the property shall forthwith

St. Louis Alton & Springfield.—A press dispatch from Si
Louis, Aug. 24. said: “ The directors of the St. Louis Alton &
Springfield Railroad, better known as the Jerseyville Branch
of the Wabash, have detei mined to issue bonds of the com- he returned to the company.
In case of default, as aforesaid, or in the payment of prin¬
pa? y to the amount of $1,200,000, for the purpose of complet¬
ing the purr chase of the road from the Wabash people; also to cipal when payable, the trustee may, and upon requisition as
extend the road from Grafton, its present river terminus, to aforesaid shall, sell the property as an entir ty, at public
Alton. The further object of the i sue is to provide money to auction, in New York City, or Bismarck, Dakota ; and he
shall apply the net proceeds from the sale1, first, to the pay¬
equip and operate the road and its extensions. The present
ment
of all interest in arrears on outstanding bonds, and next
directors are Delos R Haynes, H. A. Fisher, W. H Hartman,
the satisfaction of the principal of the same, whether previ¬
W. R. Church and F. E. Fisher.
The road has been operated to
by the foregi ing gentlemen since last December, but its pur¬ ously due or not, ratably. At any such sale, bonds of this
chase by them has not yet b en completed, owing to the inabil¬ issue may be used toward the payment of purchase money ;
ity of the Wah’sh people to give a clear title to the property said bonds or coupons being reckoned at a sum equal to that
without submitting the proposition to purchase to the stock- which would be payable to the purchasers as holders of said
holdeis, and which, if ratified by them, must subsequently be bonds or coupons, for their share of said proceeds, if the sale
had been made wholly for money. At any such sale the
approved by the United States Circuit Court.”
trustee may purchase the property for the bondholders at a
Tennessee Coal & Iron Company.—At a consultation of price not exceeding the whole amount of outstanding and
the officers of the Tennessee Co.il & Iron Company with their
unpaid bonds and coupons.
largest 8 ockholders, it was unanimously agreed that it would
In case default of interest continue for six months, the
be wise to omit the current dividend in order to use the funds
principal of all the bonds shall, at the election of the trustee,
available for that purpose in developing the property, opening become immediately due and payable.
But a majority in
new mines and the like.
interest of the holders of outstanding bonds may in writing




THE

r 274

CHRONICLE.

instruct the trustee to declare th^ principal due, or to waive
<tb<* right to do so. on sucli terms as said majority shall deem
'best; or they may annul and reverse the election of the
<trus tee.
It is expressly declared that the rights of entry and sale are
cumulative remedies, and shall not he deemed to deprive the
trustee or bondholders of any legal or equitable remedy by

[Voi. 2LV.

the outstanding bonds; and pending any suit for fore¬
closure, the trustee shall be entitled to a receivership of the
premises. In case of any such sale, all the property hereby
upon

as an entirety, and tlie purchasers shail
be entitled to turn in bonds of this issue towards the payment

conveyed shall be sold

as" shall
payable out of the net proceeds to the purchasers thus
judicial proceedings, consistent with the provision of these using said bonds, for the share of such net proceeds due
presents. But it is also expressly declared that no bondhold¬ them as bondholders hereunder. The net proceeds of any
sale made as aforesaid, shall he applied to the* payment, with¬
ers shall have any right to institute any proceeding in equity
out preference, of the principal and interest of the bonds
or a t law for any remedy hereunder, without having first
In case the trustee, after default, shall
requested the trustee to institute such action and having* hereby secured.
afforded it a reasonable opportunity so to do.
proceed by suit, then, after such default shall have continued for
Trustees.—The trustee may be removed, and when a vacancy six months, the principal of the bonds issued hereunder shall
in the office occurs, a new trustee shall be appointed, by the become immediately due and payable.
Trustees.—The trustee may at any time be removed by an
majority in interest of the holders of outstanding bonds by
an
instrument in writing, signed by them : and until an instrument in writing, executed by the holders of two-thirds
appointment be so made, the President of the company, with in amount or the outstanding bonds ; and any vacancy in the
the written consent of the holders.of one-fourth the outstand¬ office of trustee may be filled by the appointment of one or
ing lKinds, may appoint a trustee to fill such vacancy for the more competent persons, or a corporation, by an instrument
time being. Any court of competent jurisdiction, upon the in writing, executed by a majority in interest of the holders
application of any of the bondholders, shall have power, upon of the outstanding bonds. In case, after published notice for
due notice to the company, and for cause, to annul such eight weeks of the vacancy, the bondholders shall fail to fill
appointment made by the President of the company, and to such vacancy, then the directors of the company shall make a
appoint another trustee.
temporary appointment, which shall continue until a majority
of the bondholders shall designate a new trustee.
therefor, the said bonds being reckoned at such sum
be

DULUTH SOUTH SHORE & ATLANTIC RAILWAY.
ON THE DULUTH SOUTH SHORE
RAILWAY, TO SECURE GOLD BONDS
DUE JANUARY 1, 1937.

MOBILE & BIRMINGHAM RAILWAY.

FIRST MORTGAGE
& ATLANTIC

Date.—April 15, 1887.
Parties.—The

Duluth South Shore

&

Atlantic

Railway

Company, of the first part, and the'Central Trust Company,

FIRST MORTGAGE ON THE ’MOBILE & BIRMINGHAM
RAILWAY TO SECURE GOLD BONDS DUE JANUARY
1. 1937.

Da *e.—February 1, 1887.
Parties.—The Mobile & Birmingham

Railway Company of
Trustee, of the second part.
.
•
the first part, and the Central Trust Company of New York,
Property Covered.—All the company's railroad, with its Trustee, of the second part.
ranches, constructed or to be constructed, or acquired by
Property Covered.—All the company’s railroad with its
authority of law, by purchase, consolidation, permanent branches, extending from Mobile, Alabama,'northeasterly to
Teaae, trackage contracts, or otherwise, including particu¬ Selma or Selma Junction, and thence'Jby the’most practicable
larly the line of railroad extending from Sault Ste. Marie, route via Birmingham to its northern terminus insaid State,
’Chippewa County, and from St. Ignace. Mackinac County, as tlie same shall be hereafter located, and all future extensions
Michigan, to West Superior. Douglas County, Wisconsin, and and branches of said railroad, in respect of which bonds to the
■also the right to possess and operate the Marquette Houghton
prescribed limit shall hereafter be issued, constructed or to be
A- Ontonagon and Marquette & Western railroads, under the
constructed or acquired by purchase, consolidation, permanent
agreement dated April 15, 1887; and including the right of lease or otherwise, including all the property, real, personal and
way, and all lands, tracks, bridges, buildings, fixtures and mixed, and all fixtures, franchises, leases, etc., now occupied
appurtenances, and all terminal facilities, including all land or belonging to the party of the first part, and appertaining to
designed for warehouses, piers, etc*., and all rolling stock and the above-described railroad, and all rails, tracks, lands, build¬
materials, and all property, real and personal, of every kind and
ings, bridges, wharves, etc., now owned for use in connection
description, now hell, or which shall hereafter be acquired with said railroad or hereafter to appertain thereto, and also
for use on said lines of railroad ; and all franchises, incomes, all
rolling stock and materials which shall at any time be
•etc., now held, or hereafter acquired.
possessed by the company for use in connection with the
railroad: and also all income, tolls, etc., of the said rail¬
THE BOND.
road.
But it is expressly agreed that if it shall he deter¬
mined
by the railroad company to acquire or construct
First Mortgage 5 percent Gold Bond.
railroads without the issue of bonds hereunder upon said rail¬
Dale.—April 15. 1887.
Amount Authorized
12.000 per mile of single track of completed
lailroad. eon>tm< ted'or acquired as hereinbefore specified (not,
however, ineluding tlie railway of the Marquette Hough-ton &. On¬
Western Rail¬
tonagon Railroad Company, or <c the Marquette

road Company, unbraced in tn-» agreement of April 15, 1887);
hut if the road acquit*, d be subject to incumbrances-, the principal
amount of s oli existing ineumbranees must be deducted from the

$12,000 per mile limit d herein to be issued theron.
Denomination.—# 1.00 3 each.
Coupon or Reoistere K — Coupon; but may be exchanged for a registered
bond, without coupons.
.

Principal Payable.—The principal is payable January 1, 1937, in go'd

Hie United Slates, of the present standard of weight and
fineness, at the aiieney of the company in New York City.
interest Payable.—'The* interest is 5 per cent per annum, payable Jan¬
uary 1 and d dy 1, in like gold coin, at the same place.
£>tjrts.--Prnu‘ipai and interest are payable free of State or United
coin of

•States tax.

SSnlcing I- and.—None.

TIIE

BOND.

First Mortgage Gold Bond.
Date.-^February 1. 1887.
Amount A u than"zed.—$20,000 per mile of completed railway, constructed
< r
acquired as above specified: but if the roads acquired be subject
to encumbrances, the principal amount of such encumbrances shall
be deducted from the $20,000 per mile limited li -rein to be issued

thereon.
Denomination.—$1,000

ea'

h.

or Registered.—Coupon; but may
bond at the agency of the company

Coupon

be exchanged for

a

registered

in New York City.
Principal Payable— The principalis payable in gold coin or the United

States, of the present standard of weight and fineness, January 1,
1937, at the agency of the company in New York City.
Interest Payable.—The interest is 5 per cent p r annum, payable Janu¬
ary 1 and July 1, in like gold coin and at the same place.
Taxes.— Pi incipal and interest are payable free of State or United
States tax.

Default.—If default shall he made in the payment of inter*-1
or in the performance of any of the covenant herein con¬
tained, the trustee may, and upon being requested in writing Sinking Fund.—None
by the holders of one-fourth in amount of the outstanding
Default.—If default in the payment of principal or in¬
bonds, shall enter upon and operate the property, and shall terest be continued for three months, the trustee may, and
Apply the net proceeds therefrom to the pro rata payment of upon the written request of the holders of a majority of the
(Interest due on the outstanding bonds : and when all said outstanding bonds in respect to which default exists, shall,
payments have been made, the trustee shall, if no foreclosure enter upon and operate the railroad and apply the net pro¬
suit shall have been begun, after having made such pro¬ ceeds to the payment of the principal and interest as the same
vision as seems advisable for the semi-annual interest next to may become due, and in case the principal be not due the
fall due, restore the premises to the company.
If default mon£y applicable to the payment of interest shall be applied
be made in the payment of principal or interest, or in the to its payment in the order of the maturity of said interest.
performance of any other covenant herein contained, the In case of default of interest, continued for three months, the
-trustee may, and upon being requested in writing by the principal of all the bonds shall, at the option of the trustee
holders of one-fourth in amount of the bonds outstanding, forthwith become due and payable, principal and interest.
in respect to which default has been made, shall, proceed by But if the trustee be requested in writing by the holders of
suit in equity or law to enforce payment of the bonds, and to three-fourths in amount of the bonds not to exercise said
foreclose this mortgage, and to sell the property under the option, he shall refrain from so doing, or if the option shall
-decree of a competent court.
No bondholder shall take any have been exercised the trustee shall revoke and recall the
proceedings to enforce the provisions hereof until after they same.
shall have requested the trustee to take proceedings to fore¬
In the event of default in the payment of principal when
close this mortgage, and the trustee shall have thereupon due as aforesaid, the trustee is authorized and directed to
refused in writing to take such proceedings. In case the cause the property hereby conveyed to be sold at public
trustee shall, after default, proceed by suit in equity or law, auction; and shall apply so much of the net proceeds of the
the trustee shall ho entitled to have the premises sold by sale as may be necessary to the payment of the whole amount
Judicial sale, under the order of a court of competent juris- of principal and interest owing or unpaid, whether the said
<1 *tion, for the satisfaction of the principal and interest owing principal by the tenor of the bonds be then due or to become
hst,

•

roads. then the lien of this indenture shall not extend to any
such roads.




,

August 27,

THE CHRONICLE

lSb'i.J

due; and in case of a deficiency to pay the full amount
owing, the principal and interest shall he paid ratably in pro¬
portion to the amounts owing and unpaid upon them
respectively, and without discrimination between principal

Qhz

It is further

money.
And it is

and sale

hereby expressly declared that the rights of entry

are

intended

deprive the trustee of

as

cumulative remedies and shall not

any

legal

or

equitable remedy; but

no

bondholder shall take any proceeding to enforce the provisions

hereof until he shall have requested
take proceeding to foreclose this

the trustee in writing to
mortage, and the trustee shall
thereupon have refused in writing.
Trustees.—The trustee may at any time be removed by an
instrument in writing, executed by the holders of two-thirds
in amount of the outstanding bonds.
Any vacancy in the
office of trustee may be filled by the appointment of one or
more competent persons or a
corporation by an instrument in
writing executed by a majority in interest of the holders of
outstanding bonds. In case, after notice to fill said vacancy
published for sixty days, it be not filled as provided, the
directors‘of the party of the first part shall make a
temporary
appointment for such vacancy, which shall continue until the
holders of a majority in interest of the outstanding bonds shall

designate

a new

trustee.

Regular
dom has

money marker, hut it is believed that their effect will prove
quite temporary.
The speculation in lard for future delivery was
quite aciive
on Wednesday and
Thursday, but this was due to a free sell¬
ing movement, under which prices declined a few points*
To day there was no decided
change, but a steadier feeling*
Lard on the spot was dearer, but has latterly favored
buyers,,
and closes quiet at 6*65c. for prime city,
82%c. for
6’~77%@6
prime to choice Western, 7c. for refined to the Continent and:

7*40c. for refined to South America.
DAILY CLOSING

Saiurd'y.

8ept. deliv’y

Nov.

FIRST MORTGAGE ON THE POUGHKEEPSIE
TO SECURE BONDS DUE AUGUST 1, 1930.

..

..

Dec.

Pork

6-7*
6*82
6-81
6s2
6*87

..

“
“

..

.January “

BRIDGE1

EPITOME.

Friday Night, Aug. 2*3, 1887.
trade for the autumn season is in full tide. Sel¬
it been more active.
The streets leading t> out¬

going lines of transportation are crowded by heavily-loaded
trucks (never more to), which mkke them
nearly impassable j
and the receipts and expo.ts of
staples of agriculture are oa
a liberal scale for this
period of the year, oesides making a
steady increase. In short, in mercantile circ’es the only con>
plaint is that prices are low, esp*cially for wheat and cotton*
The firm stand taken by many
employers towards the Knights,
of Labor in shutting their shops rather than tub a it to
dicta¬
tion is proving a solution to labor troubles, and strikes
ivebecoming infrt quent and of minor importance. Speculative
interests have been disturbed by additional failu-es in.
financial circ les, and there have been sharp
twinges in the

October

POUGHKEEPSIE BRIDGE.

l ^tmcs.

COMMERCIAL

and interest.

provided that instead of selling the property as
provided above, the trustee may, and upon requisition as be¬
fore provided, shall, proceed by a suit in law or equity to en¬
force the payment of the bonds and to foreclose this
mortgage,
and sell the property under the judgment of a court; and
pending any such suit the trustee shall be entitled to a receiv¬
ership of the property. In case of sale of the property, bonds
of this issue may be used toward the payment of purchase

275

has

..

l'RICES OF LARD

Moud'y.
b*76
6'83
6*82
6-83
6'88

Taegu ’</•
6 78
6-81
6 83
6*84
6 8S

FUTURES.

Wedns’u. Thursday. Frida**
6*77
6*81
6*77
6-78
6*84

6*74

6*78
6*73
6*74
6*80

6 74
0 78
6 74

6*74
0

80

been

dull, and prices show a slight decline ; old'
$15(a$15 25, n*w do. $15 50£ $15 75, prime $14 25@$14 50, and clear $16 75<g$17 50. Cutrreats have been moie
Tate.—August 1, 1880.
Parties.—The Poughkeepsie Bridge Company of the first active, and close partially dearer : pickled bellies 8?£@9l^c.j,
shoulders 5 78 ^6c. and hams 12(3'1214 0.: smoked shoulders
7@
part, and the Mercantile Trust Company of New York City,
71/4/c. and hams
Beef r< mains nearly nominal but.
Trustee, of the second part.
quoted lower ; extra mess $7@$7 50 and packet $7 50(a)$8 per
Property Covered.—All the property of the party of the? bbl.; India mess $10 50@$12 per tee. Beef hams lower at
first part, both real and personal, on the Hudson River betweeni $17 50
per bbl.
Tallow in good demmd and firna r at
the City of Poughkeepsie and the town of Lloyd,
includingj 4c. Stearine is quiet at 7;q(gSe, Oleomargarine sold to-day*
the present bridge structure and the same as it shall be? to the extent of 75.000 lbs. at 6c.
Butter is dull at 18@25c*
completed, and its approaches and piers, together with all the for creamery, 16@22e. for State dairy and 14(al?%c. for Westbuildings machinery, engines, tools, railroads and fixtures of ern factoiy. Cheese has be* n variable, clesing at 10%(a 12c-.
every kind appurtenant thereto, and all tolls, rents, profits■; for State factoiy full cream.
The swine slaughtered at the
and franchises thereof ; whether now held or hereafter to be
principal
Western
towns from March 1 to August 24 num¬
bered 3,995,000, ag*< inst 4,040,000 same time last ytar.
acquired.
The following is a comparative
THE BOND.
summary of the aggregate;*
exports
from Novernt er 1 to August 20.
First-Mortgage fifty-year 6 percent Gold Horn].
mess

'

*
’

*

18 8C-7.

Date.— August 1, 1880.
Amount Autkorized.—$5,€00,000.
Denomination.— $1,000 each.

Pork, lbs
Bacon, Ac., lbs

Vouponor Registered.^-Coupon, but may be legistered.
Principal Payable.—The principal is payable Augu t 1,1030, in gold
coin of the United states of the present standard of weight and tineness, at the oflh-e or agency of the company in New York
City.
Interest Payable.—The interest is 0 per cent per annum, payable* Febru¬
ary 1 and August 1, in like g< Id coin at the same place.
Sinking Fund.—None.
’

Te.fi. ult—If default in the payment of interest be continued

for twelve months, or if the mortgaged property be sold under
foreclosure of this mortgage, the principal of all the bonds
shall become immediately due and payable : and in case of de¬
fault for twelve months in the payment of interest or
principal
of the bonds, or in the performance of the covenants herein
contained, it shall be lawful for the trustee to enter upon all
the property hereby mortgaged and to sell tlie same, with its

franchises, at public auction, and out of the proceeds of such
sale to pay the principal and interest which shall then be due
and unpaid on the* outstanding bonds; and at any such sale
the bondholders hereunder, or the trustee for them, shall
have the right to purchase an<l to give in payment bonds of
this issue, and in the event of such purchase the title to
the property shall vest in the trustee m trust for the
pur¬
chasers: and the trustee shall, if requested, take such lawful
maybe deemed necessary to form a new company.
provided that in ease of default in the prin¬
cipal or interest secured by the said bonds, a receiver may be
appointed on the application of the trustee, by any court in
which a suit for foreclosure of this mortgage may be
brought:
or if no such action be instituted,
by any Justice of t-heSupreme
Court in the Second Judicial Department of the State of New
York, at a special term thereof: and such' receiver shall
enter upon and operate the property until a sale shall be
made under this mortgage, or until the claims of the bond¬
holders are satisfied, and lie shall apply the surplus over
operating expenses, derived therefrom to the payment of the
amounts due the holders of said bonds respectively, for interest
measures as

And it is further

and

principal!

Trustees.—In

case of the resignation or incapacity
to act of
any trustee a new trustee may be appointed^** upon the application to, and order of, any Justice of the Supreme Court of the
Second Judicial Department of the State of New York, made

,

Lard, lbs

246,403,443

1885-6

34,204,200
400,546,773
232,8.3,177

Dec.

tl4.20&

Dec. 28,310.924
Inc. 13,590,266;

The

speculation in Rio coffee has been sluggish for 8 veral
days past, at drooping prices ; to day there was a furth* r de¬
cline, closing with sellers at 18’10@ 18 40c. for the summer and
autum* months, and 18‘55@18 70c. for the more distant deliver¬
ies. Coffee on the spot has been very dull, and closes unsettled,

and nominal.

Raw sugars have been active and
advancing
short crop in Cuba, and to day further im¬
proved, closing at 4%(c£4 11- 16c. for fair refining Cuba and
5 5-16c. for Centrifugal 96 deg. test.
The sales yesterday and
on

reports

of

a

to-day embraced 100,000 bags Sandwich Island, and tw ocargoes?.
Centrifugal, the latter at 3c., c. and f. Molasses quiet. Teas
in fair request.
Rice unsettled.
Kentucky tobacco has been rather <piiet; the sales are only:
350 hhds., of which 200 for expert, but prices arefitmfoY
lugs, while leaf is rather dearer. Tne movement in seed leaf
has been quite liberal, the sales
aggregating 1,783 c ses, as
follows: 250 cases 1886 ciop, New England Havana
seed,
14%@21c.; 250 cases 1886 crop, New EnglanJ seed leaf, 13%@
15c.: 263 case s 1886 crop, Pennsylvania Havana seed,
private
terme: 125 cases 1885 crop, Pennsylvania Havana seed,
10@
22c : 150 cases 1888-85 crops. Pennsylvania seed leaf,
12@
16c.: I50c»sps 1884 crop, Witco .sin Hivaina, ll%<\; 200 cases
1886 crop, Wisconsin Havana, private terms: 150 cases 1880
crop, Ohio, 8(a9%c. and 250 cites 1886 crop, Dutch, 9@10c.;
also 150 bales Havana, 60c.(a$ 1 05 and 350 bales
Sumatra,
$1 35@ $1 65.
The stock of spirits turpentine shows a large
accumulation,
—reported yesterday at 9,100 btls., but the demand is fair and
prices steadily maintained at 32l4c.
R sins are quiet atf
$1 02%@1 10 for common to good strained. Tar is dearer at
$2 10(a'2 12% per bbl. Crude petroleum certificates have been
more active at a better
ninge of prices, and weie buoyant to¬
day, closing this afternoon at 62%@62%c, Clover seed met
with a good export demand at
78Jqc.
On the Metal Exchange there has been an
exciting specula*
ticn in ingot copper, but the close is
quieter, though still
quite brisk; 425,000 lbs. srl 1 today at l(fi4e. on the spot,
10 80c. for September and 10"J5o. fur October.
T:n has be¬
come quiet, but clostefiimer at 22‘6C(a 22 65c.
forfmure?, wNt
spot lots u nsettled. Thu re was yesterday a mov« meat in lead
at 4'60c. fo»* O'lnbo’-. hut the t.-lo-e i- eul'.
InUri* rJ'*on mar¬

by a majority in interest of the holders of the bonds*’ then
outstanding and unpaid, which application shall be ur'"1 ‘fight
days’ previous notice to the company.
kets




33,390,000
371,625,813

a e

dull and weak,

CHRONICLE

THE

276
C O T T O N.

by our telegrams
For the week endii g

Crop, as Indicated

The Movement of the

is given below,
(Aug. 26), the total receipts have reached 19.270
bales, against 9,649 bales last week, 7,270 bales the previous
week and 1,499 bales three weeks since.

from the South to-night,

In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New
which are prepared for our special use by Messrs. Carey,
& Lambert, 24 Beaver Street.
us

Aug. 26, 1887.

Friday. P. M.,

[YOU XLV.

York,
Yale

On

thiw evening

642

635

Galveston

1,383

1,735

1,139

1,297

Indianola, &c.

Total

Fri.

Thurs.

Wed.

Tues.

Ifon.

Sat.

Receipts at—

6,881
...

....

Few Orleans...

564

2,909

6

100

Mobile

Florida

Savannah

Bransw’k, &c.
Charleston

.

.

Totals this week

3,255

608

608

209

460

.

17

....

....

....

....

....

....

....

....

•

•

•

•

8
....

«

....

300

■

...£

•

....

5

—

....

19,270

4,555

2,650

2,961

•

•

....

....

mmmm

3,417

4,25

1,480

....

....

....

5

....

....

....

300

•• •

1
....

2

1

....

....

....

....

m mm

56

33

14

....

....

....

....

3

....

•

.81

....

....

4

17

62

....

....

..

mmmm

Philadelp’a, &c.

703

....

.

...

•

Baltimore

677

...»

.

51
2

....

Boston

594

.

4

West Point,&c
New York

150

548

Wilmington....
Moreh’dC.&c.

368

150

....

....

^Norfolk

211

....

497

40

Pt. Royal, Ac.

11
....

231
•••

7,179

23

.....

•

1,252

124

....

....

the following table showing the week’s
receipts and the stock to-night, and the same items for
the corresponding periods of last year.
For comparison, we give

total

Since

This

Sep.
1,1386.

Week.

Galveston...

Stock.

1885-86.

1886-87.

Receipts to
Aug. 26.

This

Since Sep.

Week

1, 1885.

1886

1887.

6,881

4,782

5,989

4,867

Ind’nola,<ko
7,179

4,735

17,451

18,151

Mobile

368

54

397

3,043

Florida

150

6

3,255

1,493

3,689

4,089

460

326

967

1,825

56

13

432

207

Sfew Orleans.

Savannah.

..

Br’sw’k, Ac
Charleston

..

608

Pt.Royal,&c

Wilmington

.

Great

Britain.

W.Polnt, Ac.
New York...

9,500
1,200

Total 1887

16,692

Total 1886

Total 1885

Total

Stock

13/75
397
817

3/76

52
None.
150

None.
150
400

400

3,289
3,338

.

2,651
None.

1,053

16,900
1,200

34,674

None.

283
None.
None.
None.

None.

7,400

885

24,977

68/35

12 091

750

7,000

1,000

5,650
1,700

394
273

18,885
9,97 <

159,639
118,550

2,368
None.

7/00

11,192

specu’ation in cotton for future delivery at this market
is been sluggish, and restricted
almost wholly to the brokers and regular operators on the floor
of the Cotton Exchange, attracting very little attention from
outside parties.
The feature of the week was the sharp ad¬
vance on Saturday last, on a demand to cover contracts, aris¬
ing from the belief that “ bear” influences had been exhausted
for the present.
Monday and Tuesday saw the loss of part of
this advance, under sales to realize
Foreign advices and
crop accounts had little effect, because not very decided in
their character ; but the increased receipts at the ports were
a depressing influence on Monday.
Yesterday, notices were
freely issued for deliveries on August contracts, with a very
depressing effect upon options for this month and weakening
the whole market, to which the fall of needed rains in Texas
and liberal receipts at Galveston in some degree contributed.
To day there was a further decline, and a very unsettle I feel¬
ing. Cotton on the spot has met with a good demand for ex¬
port and home consumption, and quotations were advanced
on Saturday, Tuesday and Wednesday—l-16c, each day.
To¬
day prices receded l*16c., middling uplands closing at 9 13 16c,
The total sales for forward delivery for the week are 387,0C0
bales.
For immediate delivery the total sales foot up this week
11,276 bales, including 5,475 for export, 5,801 for consumption,
for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the official quotations for
each day of the past week.
The

51,574

65

3,000
413

116,112
6,520
9,432

8,347

11,042

Ordln’y.-gJfb

93,312

178,524

SnriotOrd..
Good Ord..
Str. G’d Ord

71

5

1

12,153

19,270

In order that comparison may

be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—
Galvest’n.Ao.
New Orleans.
Mobile

1887.

1886.

Midd’g

Middling...

Midd’g Fair

4,782
4,735

4,336
2,613

3,045

12,684

2,356

486

3,611

48

368

54

182

78

215

11

3,255

1,493

3,355

687

1,767

Ordln y.tffc

626

Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’w Min

460

326

696

167

Wllm’gt’n,Ac

56

13

15

20

166

15

8

271

83

150

782

187

174

6

Norfolk

40

W. Point, Ao.
All others

1,063

305

419

281

712

45

Tot. this w’k.

19,270

12,153

11,695

4,914

22,971

5,055

...

>w

S.r.L’w Mia

6,881
7,179

Charl’st’n, Ac

...

L

Since 8ept. 1.
Galveston Includes Indlanoia; Charleston includes Port Royal, Ac.
Wilmington includes Moreh’dClty,*fec.; West Point includes City Point,.vo

The exports for the week ending this evening reach a totnl
of 22,315 bales, of which 17,585 werp to Great Britain, 2,548
to trance and 2,182 to the rest of the Continent.
Below are

lTJLon Tuen

Sat.

Fair

73ie
7^16

7%
7%

Oreat
BrlVn. France

QulvAMtnn
New Orleans..

74
74

-

From Sept. 1,

Ccntu

Ijtai

nent.

Week.

Greo

■

O'

Conti-

■

Britain.

Fran*

t

Tog.

nent.

8* 4e 84
9%
9% 6
9‘i«
94
94 «
930
9», „
97,8
9%
9%
9UU 94
9»,8
034
91*16
9l>16 91316 9%
10
10%
Idle 101,8 104
io%6
104
10°18 10° 16 10%
101 lie 10U16 104
10%
101%6
114
H5l« H&18 11% 1146

8%

9

9»i«

Til.

8%
918
9l16
94
97lh
9U18 91 lie 9%
913 i 6
94
diddling... 9%
Good Mid.. lOie
104
101l6
Str. G’d Mid 10%
10%
10^i6
10ll JH
104
Midd’g Fair 103*
11%
Fair
113e
11516

6llie

9i»ir,

spot market

7,681

2,455

••••••

•

•

•

•

•

p

#

¥

.

,

,

•••••«

84

8*316

81310

84

93lfi
99,«

94

94
9%

9318
9h6

9l3lt

94

913.6

114

9%
=913^

94
91&16 10
104
103,
107,
104
1U1S1(: 10%
114s 114

Sat. .Finn®
Mon
Firm ®

Ex-

•

riiurs

..

West Point,&c

Kn

2,182

14,134

•

•

•

%

•

.

•

•

•

•

l1P

port. sump

artv.J

ioi3,0
H7;0

Til.

Frl.

«,5.C

615,6

7

7

6i*ie

7%

7®b

7i4e

7n16

7%

89ie

She

8%

94 a

u'l«

94

8%
94

8*10
946

ul't'n sit.

j

j

Total. |

FUTURES.
Deliv¬
eries.

Sales.

....

280

.

...J
!
....I
....!

...J
280 58,4 >0
I l,7ol 93/001
...J 5,122: 51.9 >0j
....j 1/99

51.000

....

300

Steady..
I
Steady ® ils dec

2
....1.362

I

...J ...J 1,152? 50 500!
....| ...,| 1/02 81.300] 1,500

5,475 5,801

....(• ....|ll,276;387,000! 1,800

■

ratal

500

500

1078
114

Mon 'flies Wed

Con-' Socc- Tran-

ijQ aclv..j 1,000 761'
rues-.1 Quiet
I 4,401
721
Hii jSieady ® ha adv
74 1,525

W llmington...

03

104

103i6
194a

AND 8ALES.

.

..

11.859

9i510

10
lo 4

...

#

Savannah

Boston

«‘3i0
94
9%

glance how the market closed on same riavs,
CLOSED

New York

11%

7*16
71316

114

84
9%

IO710

1013lfi 1013ie
H4,> 114s

7%

10%

.ddling...

107,«

73b

10%

M

91516
10316

7%
7%

104

6%
7*,6

Ordinary....
Good Ordinary
Low Middling

101S,6 104
114«

103 lfl

748
7i3ie

104
104

lb.

Good

94

9i5ie

Frl.

104

Si net

94

Th.

10

Nat.

9llic

Wed

10

STAINED.

93ie
99,8

91*16 9%
10si6 104
U>4o 10%

7%
7%

94
9%

84

93i6
9»,a

94

738

bliie

84

94
94

81 ‘ ip

94e
94e

Frl.

9ie
94

713ie

84

Th.

7%
813;6

74«

713,0

7 4
74

74a

Wed

7% fi
7“l«

7 4
734

714
73*

Frl.

748

7i31(i

SALES OF SPOT AND TRANSIT,

5,220

Mon Tael

Sat.

The total sales and future deliveries each day during the
week are indicated in the following statement.
For me con¬
venience of the reader we also add a column which snows at a

18»0, to

Exported to-

7616
71;*ie

8%

8»lfl

Wed

Mobile

Blcrida

7-4

71*16

MARKET

Ending Ai«j. 20.
Exported to-

Mon Tues

Sat.

1

the exports for the week.
Week

TEXAS.

NEW ORLEANS.

UPLANDS.

Aug. 20 to
Aug. 26.

Good Mid..
Str. G’d Mid

1882

1883

1884.

1885.

3,364
1,397

...

rde

Philadelp’a, Ac




Ltavxnt
Total.

for the week under review h

163

300

Philadel’a.Ac

Baltimore.

Foreign
None.
None.
None.
None.
None.
None.

None.
None.
None.

Coast¬
wise.

Other

None.
None.
None.
None.
None.
None.
None.
None.

3,236

174

Baltimore...

Norfolk...

France.

3/24

NewOrleans....
Mobile
Charleston
Savaunah
Galveston..
Norfolk
New York
Other ports.....

1,053

271

8
9mm .

Boston

Charleston

Shipboard, not cleared—for

—

M’head C.,&c
Norfolk

Savannah

A ug. 26, AT—

....

80 L

1,529

,

—

Total

17.585

2,548

Total 1885-80

15,039

881

2,1>2

—

—

22,315
•

~

247

—

15,* 87

—1

•-

—

—

•

dally deliveries given above
,ri* ro

t'JHT

on

are

actually delivered

whion tnev ar* reported.

c

The Sales and Prices of Futures are shown
i ng comprehensive table.

the day
r

by the follow-

August

THE

27, 1887.J
H

CD

I $g
®

I

CD

'B.

m

i

OngopEl

QMlg1

§•883

»

olS? &3.E-6
o ® 3

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*

!S •g s

^•d ©to

:|

:

§:£.<*
®
S'
i 7?i §
§: ?
§ : eta.
P*

a

CHRONICLE

a

•

ww

•

§2g |

S'® ® oP CD - P

f§-*I

to

S&i*

•

g-p
^

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—s
tta

ii

® •

oi

5a®

££>■

:

1

•

i

;§
0*

•

eta.

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Stock at

°'r'eta

i %t>

•-i

•

•

£»

:

If s a

e-^p
•

to •

§:

to

•

*!s$

consequently all the European figures are brought down
Thursday evening. But to make the totals the complete
figuies for to-night (Aug. 26), we add the item of exports from
the United States, including in it the exports of Friday only.
to

g*

s-® ® *»
D OB'* Vj

p

•

®

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and
Ohd'»o

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Continental stocks

Egypt, Brazil, &c., afloat

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173.500

b7,^00

103,000
26,000

135,000

194,000
23,000
311,300
51,000

3.000

1.C00

291.000
69,000
185,800
143,000
12,000

114,500

4"7,900

62 ,050

744,326

3*0,300
796,674

700,800
848,708

5^d.

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flisd.

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September, 1886, lor September, 42,900; Septen-

•08 pd. to exoh. 100 Dec. for Oet.
*02 pd. to exch. 700 Aug. s. n. 29th
for regular.

*4

;

to
03

c

to

M

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p

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tog-J

if*M ©CO M©C*

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p

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p

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QCH©'£'l®W*JiX)if*Olt3^

W
1
t3 © -J X P Oi!
-a © or <1 OI or.

W

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to
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11 pd. to exch. 400 Oct. for Mar.
*01 pd. to exch. 700 Aug. for Apr.

The Visible Supply of Cotton to-night, as made up oy cable
and telegraph, is as fo’lowpi.
The Continental stocks, aa well athjse for Great Britain and the afloat, are this week’s returns,

©•:

3!»XM

following exchanges have been made during the week:




272.000
40.030

to

ber-Ootober, for Ootober, 287,200.; September-November, for Novembe:441,700; September-December, for December, 765,100; September,
January, for January, 1,685,900; September-Februai y, for Februarj,
1,282,400; September-March, for March, 2,106,800; September-Aprllfor April, 1,628,900; September-May, for May. 2,005,9(iC; SeptemberJune, for June, 2,555,200; September-July, for July, 2,154,400.
t3F We have included in the above table, and shall continue eact*
week to give, the average price of futures each day for each month.
It
will be found under each day following the abbreviation “ Aver ” The
average for each month for the week is also given at bottom of table.
Transferable Orders—Saturday, 9 70o.; Monday, 9*65o.; Tuesday,
9*65c.; Wednesday, 9’65c.; Thursday, 9*50c ; Friday, 9 LOo.

The

848,708

162,000
20.000

co

epoco

►

1 8: :

796,674

3,300

1885-86—is set out in detail in the following statement.

I PW

a ©

o"t

744,326

124.492

©

I

WP

CC

621,050

226,000
36,000

receipts
week, the shipments for the week, ard the stocks to¬
night, and the same items for the corresponding period of

W

M©

p

12,916

46

15,351
2,300

446.000

Ar the Interior Towns the movement—that is the

W

OP©CO
ww©w

P

421.000
1 0,000
31,000
123,523

for the

p»

cio»° w

®

&

%

COCO

"*

Wttfc

178,524
39,076
1,726

to-night of 83.524 bales as compared with the same date of
1886, an increase of 58,576 bales as compared with the corres¬
ponding date of 1885 and a decrease of 313,958 bales as
compared with 1884. *

x

d»o« Orfk

p *:

1

P

i

pr

24.000
3.000

KifThe imports into Continental ports this week have been
15,000 bales.
The above figures indicate an increase in the cotton in sight

•

P

<

I 8^:

©

p,
Or 1

•

£

x

135,000

341,000
H 0,000
24,000
178,524
39,076
1,726

.,

I 8*:
©4

947,300 1 L,217,800
51,000
143,000
31,000
36,000
1,100
12,000
128,523
124,492
15,351
12,916
2,800
3,300

Price Mid. Upl., Liverpool
Price Mid. Upl., New York..

o

2

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MW

to

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S
s

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pp<

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includes sales in

^

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2

t^wCitL

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1,235,o5<> 1 ,152.226 l,176.u74 1,549.508

w

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910,500
103,000
55,000
26,000
93,312
17,692

45,000

Brazil, dc.—

to

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to to

,247 900

295.000
160,000
55,000
9\312

b

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East Indian,

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333,500

46

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210,000
6,000
57,000
14,000
10,000

4.000

United States stock
United States interior stocks..
United States exports to-day..

►

PC0©C0
roro©M

I ®.w

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3 10O

8.000

1,700
154,000
4,000
44,000
9,000
9,000

2,000
32,000

.

w

pp
.

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W —

1,100
119,000
6,000
43,000
15,000

190,000

..bales)
Continental stocks
American afloat for Europe...

•

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Ji © cc

cox

2

900

1,100

61,100

1,235.550 1,152,226 i ,176,974 11.549,508
descriptions are as follows;

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806,000
4,700

American—

2

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Liverpool stock

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Total European stocks....
India cot ton ailoat for Europe.
Arner. cott’n afloat for Eur’pe.

21,000

62,300

Of the above, the totals of American and other

©©

ex

Total Continental stocks

28.000
200

646,000
5,700
35,300
38,000

1,600
33.000

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to

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523,000

23,000

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1884.

737,000
69,000

607,000
4,900

Stock in United States ports..
Stock in U. S. interior towns..
United 8tat« s exports to-day.

®

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►-

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1885.

623,000

Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
8toek at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste

Egypt, Bra zil, &c. ,afl t for ET’pei

coco

I S)F:

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1886.

503,000
20.000

p

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to to
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1887.

567.000

2
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•

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277

M

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figures for Louisville In both years are “net.”

above totals Fhow that the old interior stocks have
Increased during the week 284 bales and are to-night 21,384
The

CHRONICLE.

THE

*278

bales less than at the same period last year. The
same towns have been 727
bales less than
week last year.

receipts at
the

c£he

Quotations for Middling Cotton at Other Markets.—

COTTON ON—

CLOSING QUOTATIONS FOR MIDDLING

Sutler.

'.Wilmington..
Norfolk
•Boston

Fri.

Tues.

9 k*

9i*
9k

9k

9*8
9i*
8 ‘;ii8

8i3l6

8i3i6

8k

S78

9

9

9

9^
9*
934

9
9k

9

9k
9%
9*4

9
9k

9
9

■Galveston...

3$few Orleans.
Mobile
Savannah...
"Charleston..

Th

Wednes.

Mon.

9k

93*
9k

_

9k

9k
9k
9k

934
9H

'

urs.

9k

9k
9:%
9k

3*

9

9k

9k

,

9k

9k
9*4

’Baltimore—

10

10

10

10

10

10
10

Philadelphia.

10*4
9\
9k
9k
9k
lok

10k

10k

10k

10k

1C510

9

9

9k
9k
9k

9k
9k

August a
Memphis

....

St
Oao.nnatl...

bbonhville

9

9%
9k
9k
10k

9
9k

9k
934
10k

10 k

9

93*
9k
934
It k

9k
10 k

Receipts from the Plantations.—The following table
indicates the actual movement each week from the plan*
The figures do not include overland receipts nor
Nations.
tSouthern consumption; they are simply a statement of the
f

weekly movement from the plantations of that part of the
which finally reaches the market through the outports.
Week

1885.

2.104

July 22
“

Au*?.
“

20

5
12

'•

ID

“

2d

croj

Receipts at the Ports. St’k at Interior Towns. Rec'pts from PlanVns

Mndlnt—

‘2,588
-.

‘2.038:
3.125
4,402
11,605

1866.

1887.

6,744
9,060

2,581

7.624

1,499

6,660
8.091

7,270
9,619
10,270

12,153

3,295

1885.

;

|

1886.

j 1887.

22.3C0, 84,810
57,626
21,255 40,807j
20,066 48,719

20,579j
19,244
20,173

47,542
7,596

4

29,188
27,937
26,018
23,967
22,986

23,256

1885.
003

2,716

3,580
72,624

1887.

*,327
1,376

868

1,936

[

•1886.

1,330
•

,

•

•

•

6,219

5,572
7,814

8,668

12,207

19,540

The above statement shows that, although the receipts at
the outports the past wee* were 19,270 bales, the actual move¬
ment from plantations waf 19,540 bales, the balance going to
increase the the stocks ai the interior towns. Last year! the

receipts from the plantation t for the same week
hales and for 1885 they were J2J24 bales.

were

Belton, Texas,—It has rained gloriously on three days of
doing much good, although too late to save the cot¬
ton crop.
The rainfall reached one inch and eleven hun¬
dredths. The thermometer has ranged from 65 to 100, aver¬
aging 84.
*
Weatherford, Texas.—There have been light showers on
three days of the week, the rainfall reaching ten hundredths
of an inch. Crops are good and picking has begun. Average
thermometer 79, highest 100 and lowest 60.
New Orleans. Louisiana.—Ic has rained on one day of the
week, the rainfall reaching three hundredths of an inch. The
thermometer has averaged 84.
Shreveport, Louisiana.— Rainfall for the week three hun¬
dredths of an inch.
The thermometer has averaged 81, rang¬
ing from 67 to 99.
Columbus, Mississippi.—We have had no rain all the
Cotton has made nothing since July. The thermome¬
week.
ter has ranged from 57 to 92, averaging 76.
LeUnd, Mississippi.—During the week the thermometer
has averaged 79, the highest being 94 and the lowest 60.
Meridian, Mississippi.—Crop prospets continue good.
There have been fine rains on three days of the week.
Pick¬
ing is now general.
Greenville, Missisippi.—Telegram not received.
Clarksdale, Mississippi.—Telegram not received.
Vicksburg, Mississippi.—There has been no rain all the
week. Average thermometer 77, highest 90 and lowest 54.
Gloster, Mississippi—Telegram not received.
Hel-na, Arkansas,—No rain during the week until this
morning. The first p^rt of the week was hot, but the latter
portion has been cold. It is claimed that crops have been
greatly damaged, some say one-fourth, by rust, blight and
worms.
Rain too late to help crops. The thermometer has
ranged from 62 to 94. averaging 77.
Memphis, Tennessee.—The weather has been dry all the
week, with unseasonably cool nights during the latter portion.
This morning a light rain fell, the first since August 17. Pros¬
pects, it is claimed, have depreciated very much the past
week, rust and shedding being reported from many sections.
Cotton is opening very rapidly.
One hundred and thirteen
new bales have been received to date.
Average thermometer
76, highest 93, lowest 59.
Nashville, Tennessee —We had no rain all the week. The
thermometer has averaged 76, the highest being 96 and the

the week,

same

%n the table below we give the closing quotations of middling
.cotton at Southern and other principal cotton markets for each
•day of the past wees,
t

An<). ‘26.

lowest 60.

Mobile, Alabama.—It has been showery on one day of the

12,207

week, the rainfall reaching four hundredths of

an

inch^ Ac-

conflicting; considerable damage is reported in
Weather Reports by Telegraph.—Our reports by te’e- some sections
by rust, worms and shedding, but the general
graph to-night indicate that beneficial rains have fallen in prospect is much better than last year. Picking is progress¬
portions of Texas during the week, but that at some points ing finely. The thermometer has averaged 80, ranging from
ci

‘

fVOL. XLV.

4he

lints

are

70 to 93

drought continues. Our correspondent at Columbia,
Montgomery, Alabama.—It has been showery on one day,
Texas, reports that in consequence of showery weather the remainder of the week being hot and dry. Picking is gen¬
Caterpillars have become numerous and are doing much dam¬ eral. Crop reports coi fiiet, but are practically unchanged.
The thermometer has ranged from 66 to 93, averaging 80.
age.
At other points in the South the conditions have been
Selma, Alabama.—We have had ram on day of the week,
fairly favorable. Picking is progressing finely.
the rainfall reaching seventeen hundredths of an inch.
Aver¬
Galveston, Texas.—We have had rain on two days of the age thermometer 79’5, highest 91 and lowest 65.
Auburn. Alabama.—The weather has b.jen very favorable
week, tie rainfall reaching fifty hundredths of an inch. The
for
R in has fallen on two days to
crops during the week.
thermometer has averaged 32, ranging from 73 to 91.
the extent of twenty-two hundredths of an inch.
The ther¬
Palestine, Texas.—One beneficial i-hower has fallen during mometer has averaged 81, the highest being 89 5 and the low¬
the week, hut more rain is needed.
Picking is active. The est 69 5.
thermometer has ranged from (39 to 99, averaging 81, and the
Madison, Florida.—Telegram not received.
rainfall reache i fifty-five hundredths of an inch.
Macon, Georgia.—Rain his fallen on one day of the week.
Hunts in lit, Texas — There has been fine rain on three days The crop is doing well.
of the week, the rainfall reaching one inch and thirteen hun¬
Columbus, Georgia.—It has rained on one day of the week,
dredths. Crops are good and picking is progressing finely. the rainfall reaching twenty hundredths of an inch.
Cotton
is opening freely.
Average thermometer 85, highest 101 and lowest 72.
There are complaints of rust on uplands,
Dallas, Texas.—We have had two days of excellent rain and worms in the lowlands; Average thermometer 82, high¬
during the week, the rainfall reaching seventy-six hundredths est 94 and lowest 72.
of an inch
Picking makes good progress, and prospects are
Saoannah, Georgia.—Tnere h is been light rainon two days
very encouraging.
The thermometer has averaged 86, the of the ^eek, the rainfall retching five hundredths of au inch.
The t term under has averaged 81, the highest being 92 and
highest being 102 and toe lowest 60.
Austin, Texas.—Rain has fallen on three days of the thj lowest 73.
week, but not enough to d > much good. Ttie rainfall reached
Augusta, Georgia.—The weather has been warm and favor¬
forty-one hundredths of an inch. The dreadful drought still able to th 3 development of crops during the weex. Riin has
continues.
The thermometer has averaged 35, ranging from fallen on four days to t he ext ent of oae inch and forty
hun¬
rJ3 to 98.
dredths.
Cotton is opening well, an 1 picking is general in
Luting, Terns,—The weather has been dry all the week, this sec ion. Accou its conflic but indications point to a
and we are suffering from drought again as bad as ever. The gooi yield.
Tne thermometer has averaged 79, ranging from
plant has ceased to grow and is shedding bally. Gaol pro¬ 70 to 93.
gress is being made with picking.
The thermometer has
Atlanta, Georgia, —There h is been no rain all the week.
The thermometer h*3 ranged from 60 t) 83, averaging 76*6.
ranged from 70 to 97, averaging 87.
Columbia, Texas,—R tin has fallen on five days of the
Alb my, Georgia. — There has been one local tnunderstorm
week, the rainfall reaching eighty-six hundredths of an during tne we-k, the raiurall reaching one hiniredch of au
inen.
The showery weather has doae its work.
Caterpillars inen
Average thermometer80, highest 95 and lowest 60.
have appeared in large num >ers nearly everywhere and nave
Charleston, South Caro!im.—Riin has fallen on four days
already done gre it damage. The boitom crop is a g »o l one, of the wees te the extent of thirty hundredths of an inch.
but the prospect is that the middle crop will be very light, Tne thermometer has averaged 82, the
being 92 and the
and the tap crop nothing at all.
Average thermometer 82, lowest 73.
highest 93, lowest 71.
Szx,e’jdrg, South Carolina.—There has been light rain on
Uaero, Texas.—It has rained gloriously on three days of four days of the week, t ie rainfall reaching twenty-seven
the vveek
Prospects are g ui and picking is active. The hundredths of an inch, Co-con picking is progressing. The
thermometer has averaged 80, the highest ,being 100 and the tner n » n 'te has rang -1 from .66 5 to 87, averaging 78*4.
lowest 72.
Wdsoh, North Carotin a.—Ic ha3 rained on two days of the
Branham, Texas.—We hive hid rain on three days of the week, the rainfall retemng two inches and forty-nine hun¬
ween, beneficial, of course,
but entirely insufficient.
The dredths. Average thermo ueter 82, highest 91 and lowest 73.
rainfall reached eighty-six huudr :dcns of an inch. Picking is
Tne following statement we have also received by telegraph,
matting good headway. Tne thermometer has averaged 85, sho wing the height of the rivers at the points named at 3<?clook
ranging from 73 to 99.
Aug. 25,jl887, and Aug. 26. 1886.




,

CHRONICLE

THE

27, 183^, J

August

j Aug. 25, ’87.'-T ug. 26,’86.
Feet. Inch.
2
New Orleans
..Above low-water mark.!
|
1
5
...Above low-water mark.
Memphis
j
S
0
Nashville
..Above low-water mark.
f
1
0 i
5
Shreveport............Above low-water mark.
3
1
0
Vicksburg
.......

India Cotton

Movement

and shipments of cotton at
the week and year, bringing
BOMBAY RECEIPTS AND

Year

■V

o

0

1

3

4

Bombay
the figures down to Aug. 25.

SHIPMENTS FOR FOUR YEARS

Shipments Since Jan. 1. i
Great

2,0:0
2,000

5

all

Great i Conti-!
BriCn. nent. | Total.

1886i

6
4

8

Forts.—Tne receipts
have been as follows for

from

Shipments this week.

1837

Inch.

Feet.
3

Conti- ;
nent. j

1

}}ritain

Receipts.

i This !

7

Total.

_

Year.

:

: Week'

3,000 1,445,000
5,000 1,380.000
1,000 217.000 45?.000
675.0C0: 1,000; 982,000
434,000 593,000!l,0?2,000! 3,COO 1.53^.000

4,000 361.000 652.00C 1,013,000
4.000 315.000 652,000
967,000

2,000
2,000

1885, 1,000

According to the foregoing, Bombay appears to show a
decrease

compared with last year in the week’s receipts
2,000 bales, and no change in shipments, and the ship¬

of

1 show an increase of 40,000 bales.
Calcutta, Madras and other India ports foi
the last reported week and since the 1st of January, for two
years, has been as follows.
“Other ports” cover Ceylon,
Tuticorin, Kurrachee and Cooonada.
since

ments

The

Jan.

movement at

Shipments for the week,
Conti¬
nent.

Great
Britain.
Calcutta—
1887
1886
Madras —
1887
1386
All others—
1887

Shipments since January 1.

i

Great
Britain.

Total.

Continent.

Total.

123,000
36,1/00

222,000
95,0.0

5,000
1,500

29,000

3,000
2,tO J

32,000
17,000

2.0C0

41.000

5,000

11,000

30.000

24,000
23.000

65,000
53,000

2,000
6,500

9,000
12,500

169.000
104,000

150,000
61,000

319,000

5,000
1.500

2,000
6.000

1836
Total all—
1387
1336

15,000

First

Norfolk's

Bales.—Our correspondent at Norfolk
bales of new cotton have reached
that port during the pr< sent week.
The first bale arrived on

informs

that three

us

Monday, August 22, from Columbia, South Caiolina, graded
middling, and was consigned to Price, Reed & Co. On

strict

the 25th two bales

were receive 1 from
North Caro’ina, one
Rdeigh, being consigned to Price, Reed & Co., and
grading shy middling, -an 1 the other from Wilson, consigned
to Rountree & Co., e^sss d strict low
middling. Our corre¬
spondent further states that these arrivals from North Caro¬
lina are th ught to be the first hales' from that State.
List
year the first bale reached Norfolk on S -pt. 1 from North -

from

Carolina.

Jute Butts, Bagging, &c.—There has been
in

@7c. for standard grades.

ana

6,000

16 5,000

A good demand is

shipments since January 1, 1887, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.

1336.

1387.

Shipments
to all Europe

This

from—

wee!:.

Since

j
!

Jan. 1.

4,000; 1,013,000

Bombay
AH other ports.

9.0001

319,000

13,00()| 1.332,000

Total

1335

This
week.

Since
Jan. 1.

4/00
12,500

967,000

1

This
week.

bales, against 18,£23 bales last week. Below we give our usual
table, showing the exports of cotton from New York, and the
direction, for each of the last four weeks: also the total exports
and directions since September 1, 1885, and in the last column
the total for the same period of the previous year.
of cotton (bales) from

New York since Sept

Week ending-

Exported to—

.1 U(J.

.1 ug
li.

Liverpool

H ug.

| Jan. 1.

1,1)00

165,000

16,500 1.132,000

675,000

I

801.3C0

Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs, Davies, Benachi & Co., of

Havre
Other French ports

S7

Total French

150

41

we now receive a weekly cable of
Alexandria, Egypt. The following
are the receipts and shipments for the past week and for thf
corraaponding week of the previous two years.
Alexandria, Egypt,

1836-37.

Aug. 24.

|!it

1885-36.
1
1

Receipts (cantars*)—

j

This week... J
Since Sept. 1

Other ports

i co
375

1.000

Total to No. Europe..

475

1,225

1,258

This
week.

Since
Sept. 1.

This j
week. '

Since

1

232,000

!

; 153,000

Europe.

!

Sept. 1.

Sept. 1.

'

i

1,000

177,000||

1 1,000'418,000 !

1.000

409,oooli

299,000
2o3,o00

A cautar is 93 lbs.

This statement shows that the

receipts for the week ending
cantars, and the shipments to all Europe

Aug. 25 were
1,000 hales.

Manchester Market.—Our report received bv cable to-night
from Manchester states that the market is dull for bath yarns
and shirtings.
We give the prices for to-day below, and leave
those for previous weeks of this and last year for comparison :

46,203

30
552

33,590
67,951
76,753

481

1,113

582 206,781 178,299

19,749
22,273

14,445

100
1 600

42,022

33,984

l,5f0

Grand Totai

9.804 10.991 18,373 14,134 831,308 836.773

The Fallowing

are

1,113

19,539

Gross Receipts of Cotton at

the

New York, Boston, Philadelphia and Baltimore for the past
week, and since September 1, 188G.
j

Nkw York,

Receipts
from—

j

i

This

Since

5,102

30*'.9 T

337,901
182,951

110

..

Since

This

2/199

Sept. 1.

148,919'

.30<>

!

248

Foreign

Last

5.403

22

194

7

105.327

7,034

I

i

?

1

as

43.7.33

57,885

45

1

58,526

479.574 1

2.4*2

473.944

07

3.070i

128,081
143,522

04,42

i

1

2.123

7,0]5
91.986

j

1

4,i30j

.34^.050 i

......!

17,888

1

1.872

9/02 1,2.81,010

year/

your..1

i

\

20,019
...

000

1

Since

Sept. 1.

-...

97.105
'

|
j

l

59,731
23' / 9i

1

Tenn..A;c....'

This
week,

10,361

111.470

2

Since

Sept.l.

40/4 L

D

7,7-50

Virginia....1

This
week.

......

1

21/92

;

Baltimor*.

6,00-J

1,859

1

Philadelph’a

Boston.

Sept.1. ; jweek.

week.

131

This

!502,000

42,943
4a,791
30,043
77,947

1,731

3,615,000

j Since

93

Total Spain, <fec

Florida

This
week.

44,634
1,574

1.3 0,

Savannah

|

1,000 265,000

To Continent

r

!

i

Exports (hales) —
To Liverpool
Total

J

2,923,000

!

42,943

All other

i

j
li

150,
359
800
99

Texas

1834-85.

41
225

ji

j

2,0 It) ,000

£7

Hamburg

93

578,282

-1

Bremen

Liverpool and Alexandria,

the movements of cotton at

Same

i Total
period
j
sinct previ’ut
\Sept.
1. year.
1

9,725115,81-2 11,959 539,562

7,411

126 300

1,000

|
A ug.
2d.

18-

\

3,1886.

9,725 15,802 11,7 76 475,705 519,267
S3 64.357 59,015

OtherBritisb ports....

Sp’a,Op’rto,Gibi’xt’r,&r

Since

re¬

The Exports of Cotton from New York this week show a
decrease compared with last week, the total reaching 14,134

.

The above totals for the week show that the movement frt m
the ports other than Bombay is 3,500 bales less than the same
week last year.
For the whole of India, therefore, the total

good trade

puted for butts, and sales are being made for lots to arrive,
and the price is steady at 21s^214e. for paper grades and
2,£c.
@2 5-16c. for bagging quality.

roTALToGT, Britain..
7.010

a

bagging and the maiket is steady. Prices are quoted at
6c for
lbs., 6,'4(065£c. for Pq lbs., 6;v$7c. for 2 lbs.

Exports

99,000
59,000

2,000

2,000

*

279

3sj
B04

221,309
248,244

Shipping News.—The exports of cotton from th- United
States the past week, as per Latest mail returns, nave reached
22.9S2 hales. So far as the Southern portB are concerned, these
are the same exports reported by telegraph, and published n
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total bale4
New Y^ork—To Liverpool, per steamers Alaska, 2,864... Caro¬
lina. 2,^0
City <>f Chester, 1,‘93
Egypt, 1,903
—

1887.

18S6.

j

5&j0

..Germanic, 2,330
11,776
To Hull, per steamer Santiago. 83
83
To Havre, per st< amer La Bretagne, 93
93
T<> Hainhiirg, per steamer Polynesia, 30
30
To Antwerp, per sreamer Westernland, 552
552
To M.ilaga, per steamer Utopia. I,5t0
1,500
To N iph-s, per steamer Utopia 100
100
New Orleans—To Liverpool, per steamers Electrician, 4,107

6
6

54*

Baltimore—L’o

6
6

5**

Ethiopia, 300

•

32s Cop.
Twist.

d. is.

d.

July 2 2

7 3s

29

7*4

“

Aug. 5 7*4
“

12 7*4
19
*4
26 7*4
'

“
“

|

3> 3

jj
®715i«:5
®7l5.bi5
'@7l&tgl5
3>715i« 5
'a7»l>ift 5

Colt'n]

8*4 lbs.

Shirtings.
d.
s.
8^*6
c6
3
S
06
8
06
8
06
7 83 @6

Mid.

10
lO
10
10

9

j

d.

d.

5n1(!|7
583

|7
,7

hi

l7

5

o?
5 hs

n

r\

8)4 lbs.
Shirt ings.

Twist.

Uplds\

d.

ID1*

! 32s CoP'

7
7

d.

a.

07*0 $5
®7*« 5
0783 !5
0782
07 gj
07 83

.5
5
5

d.
6

06

d.
6

6
6

06

6

06

6
6
6

06
06

Cotton Crop Circ jlar. —Oar annual Cotton

a.

06

Coli’n
Mid

TJplds
d

5*10
10

5*6

Crop Circular
for the year ending September 1, 1887, will be ready ab >ut the
8th of September.
Parties desiring the circular in quantities,
with their business card printed thereon, sh mid send in their
orders as soon as possible to ensure early delivery.




...

Etruria, 236

Ponca, 1,683

.

Yucatan, 2,v*50

8,740

Liverpool, per steamer Peruvian, 1C8

108
22,982

Total

The

form,

particulars of these shipments, arranged in our usual
are as

follows

Liverpool.
New York. 11,7-'6
v
Orleans.
8,740

Baltimore.

108

Total...

20,624

:
Hull. Havre. TIamb'y
83
-93
30

Ant'p.Mal'ga. Naples.

Total.

1,5t 0

14,134
8,740

552

100

3 03

83

93

30

552

1,5C0

10G

22.982

CHRONICLE

THE

280
1

Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to

I VOL.

BREADSTUFFS.
Fbiday, P. M., August 26,1887.

tbe latest dates:
Hew Orleans-For Liverpool
Texan.
For Havre-

The flour market

Scholar,

23—Steamers

Aug.

-

.

the demand

Aug. 23-Steamer Nantes, 2,409.
Below we give all news received to date of disasters to ves¬
sels carrying cotton from United States ports, <fec.:
City or Montreal, steamer (^r.), Land, Irom New York. Aug. 6, for
Liveipool, has been destroyed by lite at boa. The lire broke out
night of Aug. lu, at about 9 P. M., when the vessel was in lat. 43

prices were
late advance.

freights the past week have been

Cotton

Liverpool,steam
Do

Do

616

c.

Bremen, steam
sail

c.
c.

...

c.

sail

Do

....

....

....

....

....

U32

n32

ll32

U32

....

....

.

....

....

....

.

516

.

6U

....

....

30® 35* 30®35*

30®35*

•

a

B16

....

30®35*
•

i*316 1%4®3

....

.

....

....

....

4

.

516

51G
30®35*

d.

610

H32

30®35*

Beval, steam—d. n,

....

B10

616

ll32

....

Do via Leith ®

9l4 ®532

....

....

B10

516

•

5I6

eail....c.

Amst’d’m, steam

904

Fri.

....

....

Hamburg, steam, c.
Do

%4
....

...»

....

...c.

sail

Do

Thurs.

•

....

m mm

•••

m

DAILY CLOSING PRICES OF

1%4 ® 3 lH 11, 4 ® 3 j g ll04®318 1164®aie

6

....

....

....

....

Sat.

....

September delivery
October delivery
November delivery
December delivery
January delivery
February delivery

l3«4
l%4
1364
I3-4
13(4
Barcelona,steam®.
Genoa,steam....®. 632®316 53i.®316 532®316 532®316 B32'2)310 B32®310
1504
l504
160i
1B64
:5ft4
»504
Trieste, steam...®.
704®% %4®% 704®% 7,4®% 7«4 ® %
Antwerp, steam.®. 764®18
*

steady;

Specu¬
and the regular trade was only mod¬
erately active, whether for export or local milling. A con¬
siderable portion of the receipts of winter wheat were sent to
store with speculative views.
Spring wheat has been in
limited supply on the spot, and choice samples have con¬
tinued to bring extreme prices. Speculative values were
pretty well maintained until Wednesday, when a free move¬
ment of new spring growths at the West caused a fractional
decline. Advices from California are contradictory, but it
seems probable that the bull
party at San Francisco will hold
large stocks for higher prices. To-day this market was very
Arm, and there was a fair export demand, but speculation
was sluggish.

follows:

Weduts.

964

a.

sail...®.

Havre, steam

Tues.

Mon.

Sutler.

week, but
To-day the market was quiet, but
Cornmeal was in fair demand at the

fell off.

lation has lacked spirit,

ut $350,uOO, and it

as

rather better early in the

was

The wheat market has been inactive and unsettled.

.

north.
The steamer's cargo was valued
included 2,031 bales of cotton.

Per 100 lbs.

Liverpool.—Bycaolefrom Liverpool we nave me foliown.g
Statement of the week’s sales, stocks, <5fcc., at that port,
^e
sdd previous weeks for comparison.

May delivery

8C%
81%.
82%
84
8'%
86%
89%

June

90%

delivery

Indian

has

corn

have made

Aug. 12.

44,000

bales
Bales of the week
Of which exporters t< ok
Of which speculators took
Bales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
..

53,000

49,000

2,000

5,0oo

5,000

-...

i,00

.

34 000
5.000

42,000

7,000

5,000

638.000
376,000
14,000

631.000
351,000

8,000

21,000
63,OOo
25,000

9

Aug. 19

Tues.

Wed.

Thurs.

Fri.

80%
81%
82%
84
85%

80%
81%
83
84%
85%

793*

79%
80%
82%
8*%
84%
85%
89%
89%

80
81%
82%

8 *%
9u%

The tone of the Liverpool market for spots

2.00U

6,000
2,000

erate

3,000
567,000

597,i 00
32 ",000
21,000
13,000
57,000
22,000

52.< 00

34,000

4,< 00

6.000
6.0

3,000

000

*

62,000
4

further advance.

Saturday Monday. Tuesday.

Wtdnes.

some

DAILY

32,000
11,000
74,000
40,000

Harrtem’g
tendency.

Good
demand.

Freely

57 in

•Y'lfl
57i*

-Oats met with

12:30

Upl’ds

Mid. Orl’ns

57i

Bpec.&exp.

5%

5%
1

5%

5%

'

•>%

(

Market,

at an

at an
advance.

12:30 p.m.

\

advance.

b arket,

(
J

Strong.

4 p.m.

Quiet at

Steady
Quiet.

1-64 de¬
cline.

Quiet.

Quiet

Quiet.

8teady.

Steady.

Steady.

hareiy
steady.

The opening, nigheet, lowest

prices are on the basi* <>f Uplands,

The*

e

5 63 meant

Cae

Fine

August

....

a.

d.

d.

5 HO

5 3 >

5 3»

5 30

2d

5 2d

5 2d

;

5 2d

5 2d

5 2d

5 26

Aug.-Sept.. 5

September.
fiept,-0ct...

1

<i.

1

i

26

High Low.

d.

d.

5 31

5 3L

i d. | d.
j 5 30 : 5 30

5 27

5 27

5 27

d.

30

5 3 »

5 29

5 29

5 26 .526

ft 2-5

5 2d

:i 25

5 25

5 27

5 <6

5 26

5 20

5 2d

5 25

5 25

o

•

5 Id

5 id

5 16

5 16

5 17

5 17

5 i6

5 16

5 J5

5 1ft

5 14

5 14

5 00

5 u9

5 09

5 10

5 10

5 10

5 10

5 08

nO

5 07

5 07

5 00

5 06

5 06

5 07

5 07

5 07

5 or

5 06

5 06

5 05

£ 05

5 05

j i 05

5 05

5

f

5 07

5 06

o

5 05

5 05

5 04

5 04

5 05

5 C/5

5 05

5 05

5 07

5 07

5 06

n

06

5 05

a

Feb.-Mai di 5 Od

5 td

5 06

5 06

5 07

5 07

5 07

5 07

5 06

5 06

.

Jan.-Feb

...

...

05

Thu I'M., Aug. 25. i

WedneM., A ug. ‘24

d.

5 20

5 28

5 2

5 24

5 24

5 24

5 24

524

5 i4

5 13

5 13

5 13

5 13

Oct.-Nov... 5 07
Nov.-Dee... 5 04

5 07

5 07

5 Oi

5 04

5

4

5 04

04

t 04

5 04

5 04

August .... 5 28
Aug.-Sept.. 5 24
September. 5 24

0ept.-Oct...

Dec.-Jan....

i

j A

5 04

5 04

5 0

05

5 05

5 05

5 05

-

5 04

5 04

05

5 05

o

j

1

;

;

d.

d.

Open High

d.

d.

d.

5 27

ft

27

5 25

5 25

5 25

5 25

5 *3

5 23

5 21

5 21

5 21

5 21

5 2J

5 23

5 23

5 23

521

5 21

o

21

5 *1

512

5 12

5 12

5 12

5 11

5 11

5 10

5 10

5 06

5 06

5 0

5 06

5

04

5 04

5 04

d

5t4

5 05

5 01

o

|503

5 03

5 03

5 u3

5 03

5 04

5 03

£ 04

5 0-

5 02

5- 2 i

5 02

503

5 04

5 03

04

! 5 02

5 02

5 02

•

5 02

j

5 03

ft 02 !

5 o3

1 5 01

5

05

-

5 04 •ft 05

5 02

04

.....

...

ueat extras.

51%
53%

43%
5c %
51
53

53

..

..

.

quality and condition.

firm but quiet.
2 OATS.

Sat.

Mon.

Tues.

3i%

31%

31%
31%

32%

32%

31%
31%
32%

....

....

Wed.
31 %

31%
32%
33

Thurs.

Fri.

31%
31%
32%
33%

31%
3

i

%

32%

33%

the elosiag quotations i—

2,4:0a 3 00
2 80a 3 20
3 70 a

4 40

3 00® 3 25

3 30® 4 30
4 20® 4 70
2 80® 3 Ou

S latm'n com. extras..$3 25®$3 40
Sjutuern bakers’ana

family brda..$bbl
R/e flour, superfine..

3 50® 4 25

Fine
C >rn meal—
Western, Ac

2 15®
....

Brandywine

2 90® 3 15
2 35

2 50® 2 90
® 2 95

Rye—

i/i.iUA,por 0U8R

-ipring No.

2

o.G wmter,
,« u
winter
V ute—
-

No. 2
...

..

West, mixed

No. 2
*. est. white
.eilow
White -outhern..
Yell «* Southern,
•

d.

5 27

05

was

-

osi.

5 23

'

507q

Fri.

49%
50%
50%
51%

GRAIN.

Low.^Clos.

d.

.

Wheat

Corn

5 24

|&*7

•

5 04

Jan.-Feb. ..
Feb.-Marcli 5




i

05

Fri., Aug. 26.

Open High 'Low. CUts.

d.

d.

are

Minn
ear andstra’t.
Wi t. r mipp’gextras.
Wmter XX .v XXX..
Patents
Soutuoru -tuners......

|

open High Low. Clos.
<1.

07

50%

Thurs.
49%

moderate demand, and prices, though fluct¬

Obi. 412 10®$2 75

..

Spring

d.

d.

d.

Oct.-Nov... 5 (M
5 Cd
Nov.-Dee.
Dec. dun

following

Superfine

Open High Low. Clos.

Clos.

49%
49%
50%
50%
52%

FLOOR.

!

■

Open. Id igh Low. Clos. 1 Open

a

Tues., Aug. Z‘3.

Mon., Aug. ‘J'J.

£nt., A iig. 20.

52%

Wed.

49%

Rye has continued unsettled and ne trly nominal. Barley
has been sold to a moderate extent, but
prices are still somewhat uncei tain.
California barley has
sold to arrive at 80@81c., and it is thought No. 2 Canada
will open at the~e figures.
Barley malt continues in fair
request at full prices.

Low Middling clause, unle^t

otherwise ntated.
Gp* The prices art given in pence and 64ths, thus :
5 62L64 d., and SOI means r> 1-64®.

52%

Tues.

ot the new crop

and closing prices oi futurei- at

Liverpool for each day of the week are given below.

51

49%
49%
50%
51%

50%

September delivery
October delivery
November delivery
December delivery

Futures.
Kirin

unsettled; yet prices

the

DAILY CLOSING PRICES OF NO.

8,000
1,000

1,000

Sat.
4 9%
49%

To-Uay the market

5%
5%

8,000

10,000
1.000

,000
,
00

....

The temperature

and, like that of last year, of very good

Moderate In buyers’
demand.
favorv

offered.

5%

14,000
1,000

7,000
,0< 0

Mid. Sales

Steady.

85%

86%
89%

uating to some extent in sympathy with corn, made very
little change in the aggregate.
The new crop is a full one,

brutay.
-

{
p.m.
$

Market,

8j%
90

83%

CLOSING PRICES OF NO. 2 MIXED CORN.

September delivery
October delivery
November delivery
December delivery
May dedvery

and futures each

Thursday.

81

82%
83%
84%

all around.

29 >,<>00

day of the week ending Aug. 26 and the daily closing prices
at spot cotton, have been as follows :
Spot.

90%

variable aLd

been

WHEAT.

Mon.

in some
satisfactory maturing of
ihe new crop, and speculators for the rise regained confidence.
The regular trade was rather sluggish; something was done
for export, and the home trade purchased moderately.
To¬
day the tendency was upward, but the dealings quite mod¬

Aug. 26.

1.000
36.000

2 RED WINTER

NO.

districts has been too low for

Aug. 5.

-SLL.V

mix.

-

-•

T

w

movement of

72
78

8G
79

a

®

79%e

81%

74
76
48
50
53
51

a

83

®
®
®
®
®
®
.®

82
52

.

.

«

>

51%
56
53
^

m.

m m

State <& Pa., $
Oats—Mixed
White
No. 2 mixed
No. 2 white

bush. 52

J38i®

3*%g>
...34%®

Barley—Canada, No. 2 80
Two-rowed State

Six-rowed State
California Bay

8J

Malt—State, 6-rowed. SO
State, 2-rowed
70
Canada...
Peas—Canada

®

29% ®

85
65

®
®
9
®
®
®

54
33
39

35%
36
82

si

82
72
®1 00
$ 66

breadstufts to market is indicated in the

below, prepared by us from the figures of the New
Exchange. We first give the receipts at Western
l
and river ports, arranged so as to present the compara¬
tive movement for the week ending Aug. 20, 1887, and since
August 1, for each of the last three years: statements

Y

ire

■.*»

Produce

August 27,
Receipts at

Flour.

-

Wheat.

Oat*.

Com.

Cleveland

125,440
38,101

.

25,773

240,275
72,013
510,249

8 5

31,000
31

46,384

Tot. wk. >87.
Same wk.’80.
8arae wk.’85.
Since A ug. 1.
18b7
1886*...
1885*

217,4*39

Include

2,055

2?u*?i.48Z&r|

i
1,541

134.425

232,585

4,977

102,250

381,300

7,800'

720,080

0,847,380

008,981

12,923,005
0,420,420

3,911,470
8.250,997
7,009,025 j

595

j
270,084'

129.728

1,885,803

41,014

122,210

0,804,788
8,178.895
5,170,573

461,343

40,930

|

080.775'

388,222
271,400

90,000

bbls

8,44 J,977

.bush

52,402,406

Corn....

40,065,757
31,108,020
3,538,792

Oats

Barley
Rye

*1885

’1884.

6,597,550

7.197.984

6,947,425

34018,964
52,016.439
30,564.5 14

28.965,293
63,611,035
31,491,766

4,539,939
939,412

2.672,784
1,120,202

568,626

Total grain
*

**886.

Include

Below

127,683,601

....

one w

ports for four

35,489,849
57,369.277
32,179.963
2,774,807

3,537,591

131,351,487

127,861,086

shipments from Western lake and rivtr
1887
Week

1886
Week

A ug. 20.

Wheat..

bble.

136,712

bush.

221,022
375,746

Corn
Oats

Rye...

Total

1885.
Week

A ug

Flour,
bbls.

-

185,226

149,950
663,522
1,480,09 4
3,898

186,607
1,017,299

20,083

59,633
10,553

1,417,235

1,488,718

3rlt.col’s
ith.o’n’ts

10,135
1,516

7,532
1,032

2,000

Total...

221,755

*

23,435
2,320,899

2,220,774

Corn,

Oats,

Barley,

Rye,

bush.

bush.

bush.

8,302,847

2,646,077

1,173,712
4w’k8’86. 842,153
w.

8.447,779

1,090,40.3
1,288.301
834,526
1,052.942

1,481,496
1,314,882
1,336,822

38, :98
10,3 j9

25,931

1,294,525

9,969

15,134

4.266 174 5.427,725
5,630.911 4,837,083

97,177
103,809

89,801
54,692

38,601

2o,083
28,653

The receipts of flour and gram at the seaboard ports for the

August 20, 1887, follow:

.....

Montreal

Flour,

Wheat,

bbls.

bush.

Corn,
bush.

121,55 ! 1,108,900
57,025
30,185
10,593
27,579
50,637
1,013

Philadelphia...

152,900
53,8 >8

449,418
427,045
470.256
44.546
28j,o27

10,924

..

Oats,

Barley,

bush.

Ry

bush.

busn.
7*0

458,600
138,132
8,3i6
143,i77
114,688
6,316
7,235

7.047

28,520
18,332
8,188

62,549

t

1,450
780

The total receipts at the

DbG.

Wheat
Corn
Oats

....bush.

...

...

...

..

.

Rye

same

*

Include

...

one

follows for four
*

*4.086

.885.

3 L900.707
55,9 7>, 7 1 4

23.3 ’5,1.92
59,4 7,3.0 4 2

22,600.959
2,4 40,4/7
33 .',7 42

23.7-0.1 4 >

5,975,3 L5 115,405,620

114,3 47,936

11

4,754

Jan,

years:

60,409,36 5
3 i, -7 -i, L i2
21, 48 i.l )l

6,002
12,035

33,743

8,663,938

58

Total grain

780

7,803,688

—

Exports to

-

8,107,005
36,11.6,3 2 4
32,7 >3 i d <
13, 496.9 59

2,37y,771

2,4.20,90
3, IS i ,07

637.3 A

J
>

92,813.503

week extra.

idiag Aug. 20, 1.887,

Wheat.
Bush.

NiwYorJi 1,112,804
B >itnn.
22s,97i
N. News..
4o,oo9
Montreal.
476,453
Piinailei.
36 4,961
Baitim’rt
37 s,9u8
N. Orl’ns
25 ,i4u
Kielim’nd

are

for the week
shown in the annexed statement;

Corn.

Bush.

120,8 47

..

Flour.
Bbls.
79.25 L

876

60,609
5,243
18,927

2,7 48
12,95 7

8,i 73

3L,7o4

Oats.

Rye.

Beat

Bush.

Bush.

Busn.

3,540

2,970

59,7.-5 3

*"
.

Exports |
from

49,687
1«*7

......

2,000
_

Tju

w’R

2,953,543

169,181

2 34,755

3.540

62,753

3,108,595

230,254

174,778

42,526

15,314

8'me time
.

1886.

The

..

destination of

the exports is as

corresponding^period of last




169,181

230,254

Bbls.

Bbls.

Jn.Kingdom

6,057.780

’ontlnent...

54\37S
1,051,558

8

Wheat

Corn

Sept. 1,’S0, Sept. 1, ’85, Sept. 1, ’80, Sept. 1, ’85, Sept. 1. ’80, Sept. 1, >85,
to Aug.
to A ug.
to Aug.
to Aug.
to Aug.
to Aug.
21, 1886.
20, 1887.
20, 1887.
21, 1886.
20, 1887.
21, 1880.

iC.Am...
eat Indies.

797,142

3rlt.Cornles

513.877
40,879

)th. countr’s
Total

4,907,737
224,049
,834,122
868,203
540,449

Bush.

Bush.

47,892,248

23,040.704

39,112,073
54,322

7,414,447

Busn.

Bush.

5,873

18,584,122
23,813
5,194

83,-72,890
10,270,137
758,810
544.498

39,075,485
17,493,284
1,247,610
881,002

13

87.C49

81,040

173,746

60,081

00,748

74,008

87,238,260 41,725,988

35,544,144

58,053,878

33,827

9,007.035

principal points of accumulation at lake and seaboard
ports, and in transit by water, August 20, 1887 :
Wheat,

-

Corn,

year

Oats,

bush
3,434.967

1,214,797

270,500

54.800

16,500

22 000

1,978,168

131,337

6,671.910

afloat..
lllwaukee
Do

bush.

72,537

38,2)4

Id,562

17.1)69

33,902

81,447

34,512

688.085

30,000

35.000

4,850,419

922,420

22,000
39,000
88,133
101,421
670,252

27.300
14,000
41,331

Jawego

..

mutreal
..... ,

Peoria

ladiauapolis
City

Baltimore

vfmueapolis
Paul'....
Mississippi

6,850

6.000

2,168,846 1,562,563

Detroit

31.
Ou

25,321

1,136

15,507
1,569

vauaas

575,352

Barley
bush.

7,500
18,329

1,013,473
1,020,711
1,516,044

Philadelphia

bush.

40.600
56 902

)uluth
Toledo

Louis
Do afloat
hnotauati
Boston
Toronto

Bye,

bush.

.

.

.....

1,127.615
42,326
272,685
266,576
1.171,904
2,620, ->48

On lakes
On canal & river,

.

471
•

•

•

■

f
7,500
22,464
228.069

11,525
87,336
90,094

10 *,0u0

44.113

1,000

591,494

12,068

95,000

22,000

2,100

1,226,029
2,68-1,000

564 277

886

12,268
141,768
160,929

8,000
1,684

4,240
1,225

29,634
2,198

207,196
52.200

37,163

2,692

12 ,501

4,933

31,745

439,900

12,500
495,556
131,300

Tot. Aug. 20.’87. 31,993,593
6,103,143 4.417,0 1
Tot. Aug. 13/*7. 32,:70,06l
6,802,771 3,719,831
Tot. Aug. 21 ,’86. 39,820,8 2 10,931,916 3,116,077

Tot.Aug. 22,’8of 41,241,599
l ot.
Aug. 23,’841 18021,615

26,000
3,186

.....

60,000

...

6,315.475 2,788,283

4,217,837 2,362,737

34,400

300,586
301,414
703,015
270,388
662. ,r56

•

•

• •

mm

153,488
131,001
413,845
118,589

171,350

Minneapolis and 8t. Paul not included.

THb

DR/

*OOQ5

below, ' We add

for comparison.

ij&e

TRAUfe.

Friday, P. M., Aug. 26, 1887.

The past week has developed an active jobbing trade
in this
market, and reliable reports indicate that a like condition of
affairs has prevailed at most of the principal
distributing points
in the interior.

*.384.

Tne export- from tne several seaboard ports
e

1,202

—

season:

t

ports for the period from

compare as

2,216,985

...

23,043
19,640

11,837
1,600

By adding this week’s movement to our previous totals we
following statement of exports this season and last

102

9,02o, 150

Barley.

178,313
7,990

have the

......

876,134
531,203 1,602,478

1887

Flour

Bush.

127,349
24,239
4,1 S6

3,700

33 L, 39 4

.

August 20, 1887,

Bush.

174,778 2,953.543 3.208,395

New York,

Total week.... 279,358 2.8 >0,877
Oor. week ’86
258,638 3,916,444

1 to

A ug.

Equal saoks, 140 p m da.

,‘hloago

>8,212

321,612
l,459,83o
13,140
22,925

bush.

Tot., 4

Baltimore
Richmond
New Orleans

2,791

3

bush.

1,892,654
VJ25,774
2,338,342

At—
N >w York
Boston

6,400

20,068

luttalo
Do afloat

Wheal,

Aug.20,’87 272,830
Aug. 13,’87 31 ,«’9i
Aug. 6.’87 288,822
July 30,'87 300,963

week ended

17,506

Week,
21.

Aug' 20-

Bush.

Bush.

28,936
11,559

110,641

were:

Week

’ont’nt.
fiC.Am
V. Indies

Albany

Aug. 23

The rail and lake shipments from same ports for last four

ending

Bbls.

Aug. 21.

115,046 1,944.551 1,399,614
997,801 1,808,981
13,594

151,9 55
17,674

In store at—
Now York
Do afloat

1884.
Week

Aug. 22
9 7,759

21.
91,152

761,783
38,601

Barley

weeks

'n.King

Aug. 20.

1886.

The visible supply of gram, comprising the stoexs m
granary

years:

Flour—

Aug. 21.

1887.
Week.

at the

3ek extra.

the rail

are

122,979,333

Com.

1886.
Week.

Flour.

1887.

...

Week,

147,903

•

The comparative shipments of flour and
grain from the san»e
ports from Jan. I to Aug. 20, 1887, inclusive, for four years
show as follows:

Wheat

1887.

Week,

week extra.

one

Flour

1386.

Week.
Aug. 20.
.

Bbls.

15,270

232.(59

'

410,319

1887.

to-

*

11
2,400,421
2,300,253

;

Wheat.

for week

*

i

1°{V

Fiowr.

.....

!

281

Exports

>

17,018
2,880
10,504

92.2591

31,525
53,000

3,750

1,400,954
2,409,0 IS
2,471,190

100,078

.

8,040
15,422

Rye.
Bush.561<

175,4821

1,704,210
40,850
22,934

1,830.105
2,770,997
1,748,930

138,900

....

*

501,026

3,133
4.381

Peoria
Duluth

1,134,112

53,520

3,440

...

St. Louis.

204,833

j

Barley,

Bbla.l96lh* Bush.60 lb* Bush.5ti lb* Bush.32 lb*

Ohloago
Milwaukee...
Toledo
Detroit

CHRONICLE

THE

1887.]

Southern and

Western retailers

are

largely

represented in the market, and their operations have been
quite liberal, although there has been thus far no tendency
toward specuiatio i.
At first hands there was a slight improve¬
ment

in the

rt

-order demand for certain fall and

winter fabrics,
seemingly gauged by actual requirements,
the continu 1 stringency of the money market having caused
conservative buyeis to
dopt a somewhat cautious policy. As
for month- past, there was a steady movemt ntin noth
domestic
and fort ign fabri. s on account of former
transactions, and
altogether the business of the w* ek was of good pioportions.
Prices rem.in steady all along tli^ lim-, and rtoeks are in
remarkably good s.tape as a rule.

but relictions

wt re

Domestic Cotton

Goods.—The exports of cotton goods
for ihe week eniiug Au g. 2d were 2,231 p ickMges, valued at ^154,135.
These shipments include 915 to
Sou h America, 050 to China, 150 to Mexico, 128 to the vVest
indies, 123 to Central America, 120 to the Ea-t Indie-*, 118 to
Europe and 27 to all other countries. Since me 1st of
January thje expo ts aggregate 129,292 packages, valued at
$7,093,032.
Of this total China lias had 06,886 packages,
valued at $3,175,404 ; and 26,179 pickages, valued at
$1,863,457, have gone to S >uch America. For the similar period of
1886 the exports to all ports leached 147,113
p ckages and in
1885 were 124,802 paekag. s.
There was a steady though
from this poro

282

THE

CHRONICLE.

moderate demand for

staple cotton goods at first hands, and a
good business in package and assorted lots was done by lead¬
ing jobbers. The main features of the market are practically
unchanged. Prices for all kinds of plain and colored cottons
adapted to the wants of j obbers and cutters are firmly main¬
tained by agents, but print
cloths and a few makes of conver¬
sion goods are a trifle easier. Print cloths were in
moderate
demand, and closed rather lower than last week, say 3^c. flat
for 64x64s and 2%c. for 56x60s. Stocks last
Saturday and for
the three previous years were as follows :
Aug. 20,

Block

Aug. 21,

of Print Clotht—
1887.
Held by Providence manul’rs. 162,000
Fall River
R
manufacturers... 157,000

Providence speculators
Outside speculators (est)

Aug. 22,

1886.
88,000

1885.

90,000

1884.

365,000
166,000
290,000
250,000

37,000
98,000
25,000

72,000

Aug. 23,

481,000

booked in this connection

by salesmen on
mostly quiet in first

the road.

Heavy clothing woolens were
hands, and cloakings, jersey cloths and stockinets continued
in irregular demand.
Satinets were more active in some
quarters, and there was a fair movement in Kentucky jeans

and doeskins.

Flannels and blankets were more active in
jobbing circles, as were all-wool and worsted dress goods,
shawls and skirts, but the demand at first hands
was only
moderate. Carpets were active in
movement, and agents
continued to make steady deliveries of wool
hosiery,
underwear and fancy knit wo lens in execution of heavy
former

orders.
Foreign Dry Goods.—The
jobbing trade in
has shown substantial
improvement, and there

foreign goods
was a

moder¬

ately enlarged demand for some descriptions at the hands of
importers. Dress goods, silks, velvets and plushes were sev¬
erally in fair request by retailers, and a pretty good business
in linen goods was done
by leading jobbers. Men’s-wear wool¬
ens were in irregular
demand, other sorts than cheviots, serges
and spring worsteds
having ruled quiet in first hands. Hosiery
and gloves were
fairly active in jobbing circles, but laces and
devoid of animation.

Importations of

The importations of

dry goods at this

Flax Silk

a

Total Ent’d

Cot n Wool

Flax Bilk

f

the

Total

on

Total

for

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12, 742! 251,76 247,31 817,238 238,965 6 ,392

Value,

¥

— i—

w to a

1— i-i a it*

i©

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a-i if* © to
wto tox©

V-1

©© XtG X

05 © CO

actc

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— —

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x

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2,456,204
1,508

80,290

19,880,947
129,103
594,010

103,834
58,151
152,064
8,354,538
31,685

5,844
1

bbls.

Spirits turpentine

Rosin
Tar
Pitch
Oil cake
Oils—

30,122
49,079“

538,505
146,610

63,810
16,170

295

142

19,037

12,423

122,857

109,314

5,615
3,426

Whale

Sperm

4,962
2,814

1,318,802

1,640,081

9,611

112,200
52,086
448,301

101,174
363,408

Lard

Linseed
Petroleum
Provisions—

43,886

Pork
Beef
Beef

32 474

228,620,202

242,455,394

115,034
45,184

101.603

32,011

25,274

Cutmeats-.•

159,986,103

Butter
Cheese
Lard
Rice
Tallow

6,4^2,046

50,208,169
112,697,220
11,971

24,602,778

Tobacco, leaf
Tobacco

bales and

Tobacco,manufactured.

...

Whalebone

cases.

lbs.

60,204

15,733,650

54,913
1,6 IL

Naval Stores—
Crude turpentine

39,015
38.928

5,175,434
91,888

26,890

173,039,816
7,515,826
51,840,635

142,114,955
11,328

15,864,431
65,770
37,856
5,515,454
114,698

Leading Articles of Domestic Produce.
T

following table, based upon daily reports made to the
York Produce Exchange, shows the
receipts of leading

le

23 in 1887 and 1886

produce in New York from Jan. 1

Since Jan. 1,

1887.
Ashes
Beans
Breadstuffs—

Peanuts
Provisions
Pork
Beef

bbls.
bbls.
bbls.
bbls.
bush.
bush.
bush.
bush.
......bush.
bush.
..bales.
bbls

bags

bags.

No
bales.
bales.
sides.

,pigs.

hhds.
bbls.

x.

1,460

77,055
4,059.290
224.830

29,805,671
365,304
11,007,328
12,082,522
4,703,259

192,786
52!,666
59,507

340,488
70,812
80,963
59,283
15,205

1,350,017
264,497

1,193

bbls.

73,324
209,408
15,059
776

4,601,719

298,965
610,598
67,224
477,980
28,058
65,587
30,247
66,696

1,708,175

187,688
58,168
1,978

57,394
202,939
17,834
752

64,591
24,929
553,163

No.

1,071,102
1,184,186
879,666
216,545
147,015
30,720
50,713

slabs.

Stearine

pkgs.
bbls.

106,955
15,594

Wool

140,787

21,104,510
11,389,571

pkgs.

Spelter

Whiskey

19,343,461

65,725

pkgs.

hhds.
boxes &

3,105,655
215,615

7i‘.i'46

kegs.

Hogs, dressed

1,452
65,301

392,886
2,945

tcs. & bbls.

Rice

year.

297.651
2,833

pkgs.
pkgs.
pkgs.
pkgs.
bbls.

Eggs

Same lime

'previous

..pkgs.
bbls.
galls.
bags.

—

Butter
Cheese

Tallow
Tobacco...
Tobacco

Aug.

20,394

bbls.
bbls.
bbls.
bbls.

Lard
Lard

to

:

Sugar
Sugar

•—

XC-]©«*%>

— w

3

3,113,798

129,838

Cutmeafs...

l-x

1*00

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cc

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to to a -4

Domestics

Hay
Hops

Oil, lard
Oil, whale.......

©O'<105©

© if- to

to

Cotton

Tar
Pitch
Oil cake

CO to C. X 00 £

20,884

40,705
424,573

Rosin

O'C
XjJ'l ©
aoVicuico

b«

©

Coal

Turpentine, crude
Turpentine, spirits

HHH

CO©

"to

Candles

Hops

©©Clrf*^

© if* © © O'

E

Peas
Corn

Leather
Lead
Molasses
Molasses
Naval Stores—

x a ** onf*

©it* xwx

©

Barley

Cotton seed oil
Flax seed.
Grass seed
Hides
Hides

cs

32,726

287,205

Cotton

tO 10 <J W

509
133

33,245,493

Rye

Barley

X*-X ©0*9
©aa to c*
©©to to©

w

©

703
106

Oats

Peas

tO

1—

it*.

<1

to

O^JC5

CSODOMC*

©

Wheat

Corn meal
Wheat

*- XXC7» CO
a x•— © oo

Same lime

previous year

1,722
76,239

Rye

W if*

%

Flour, rye
Corn meal

Corn
Oats

>- 1— to

►H

bbls.

Flour, wheat

•

W GO

t—

1—

•

to ©

It*

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a* ie*

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Breadstuffs—
Flour, wheat

Beeswax

s

^

of—

sjH

X

facts for

mm

Cot n Wool

M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
port. ornsumpt.
market. onsumpt
at

bbls.
bbls.

articles of domestic

port for the week

ending Aug. 25,1887, and since Jan. 1, and the same
the corresponding periods are as follows:

|Total Ent’d

Ashes, pots
Ashes, pearls

New

Dry Goods.

23, in 1887 and 1886.

Since Jan. 1,
1887.

248,000 1,071,000 1,509,000

cassimeres, cheviots, worsted suitings and coatings were sev¬
erally in fair demand by clothiers on the spot, and some good-

Produce.

following table, based upon Custom House returns,
exports]) from New York of all leading articles of

domestic produce from Jan. 1 to
Aug.

210,000

Light-weight

were

of Domestic

shows the

304.000

Domestic Woolen Goods.—As a whole, the market for
men's-wear woolens has displayed rather more
animation,
but business was hardly up to expectations.

embroideries

The

400,0C0
605,000

Patterned cotton fabrics, as prints,
ginghams, dress goods,
table damasks, etc., were jobbed in liberal
quantities at
steady prices, and there was a moderate re-order demand for
these goods at first hands.

were

Exports of Leading Articles

•

Total stock (pieces)

sized orders

(VOL XLV.

pkgs.
cases.

hhds.
bbls.
bales.

588

1,476
47,68 4
83,074

54,787
119.651

105,371

58,897
25,234

555,680
1,060,799
1,180,530
789,833
277,878
167,381
30,751
40,529
56,360

10,910
1,202
1,536

48,119
89,745
80,504

134,079
122,499