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xtmtk
HUNT'S MERCHANTS' MAGAZINE.
aKPRESEXTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATK3
VOL.
SATURDAY. AUGUST
61.
NO.
30, 1890.
1,314.
in grain, cotton and petroleum. At Boston share transactions
have been considerably heavier.
Instituting comparison with the similar week of 1889 the
Terms of Subscription— Payable in Adrance:
exhibit is seen to be a very favorable one. For the whole
For Onp \>ar (including postage)
$10 20
country the increase reaches 18'1 per cent, and outside of New
ilo.
For Six Months
6 10
European Siiliscrlptlon (IncludinR postage)
11 50
York the excess is 23'7 per cent. There are no losses of
European Subscript Ion Six Months (IncUuUng postage).
6 75
importance aside from that recorded at Lexington, but there
AunnnI Subsoripttou iu London (Including postage).... £2 Ss.
do.
do.
Six Mo.s.
do.
£1 9s.
are some very important gains, notably Memphis, 163'4 per
Tbese prices Include the Investors' Supplement, of 150 pages,
tMtied once In two months, and furnished without extra charge to cent; Buffalo, 136-9; Duluth, 131-9; Sioux City, 75; Chattaubsorlbera of the Cmromci-e.
nooga, 73-1; Milwaukee, 64-6; Fort Worth, 63-9; Washington,
A flic co\cr is furnished at 50 cents; postage on the same Is 18 60-6; Dallas, 59-5; Cleveland, 58-1, and Tacoma, 57-9 per cent.
Volumes bound for su'.iscribers at $1 00.
Mnts.
Bubsoriptions will be continued until defluitely ordered stopped. The
Week Ending Axiyuat 23.
Wetk End's Aug. 16,
publishers cannot be responsible for remittances unless made by drafts
«r Fost OtUce money orders.
1890.
P. <*nt.
P.Cmt
Terms of
Adrertlsinff.
.Advertisements ordered for less than one month. In the Commercial
tc FiNASciAi. Cmkonicle, arc published at '25 cents per line each Insertion. When orilers are definitely given for one mouth or longer, a liberal discount is nllowe.1, and the i(e( prices may be obtained on application at the oftlce. The lowest rates on permanent cards definitely ordered for one year are 8 cents per line each Insertion, nialting $58 for
one Inch space one year. Space is measured in agate typo— 14 lines to
the inch.
liOndon Asenta >
New Tork
Hole)
717,416,690
(Oro<n
(Pstrobttm
1890.
AUolUes,
1
days
S days
cities,
day
-f22-3
»»7,728
T23.647
381.477
+i-n
-2-4
|-<-3
81.710.578
-h28-4
-I-11-9
ll.k!77.777
-t2«-8
12.93«,908
2.997.396
884.825
811.011
692.128
-1-3-3
63,111.581
13,403,235
13,402.6e6
7.302.114
1.448.296
7.100.le5
1.420.033
«75,8»J
8l&.<)tlS
1889.
Per Cmt.
100.130 170
+l»-8
8.983.65U
4,554.058
-t-i(2-5
4,1)73,497
-1-25
5.461.835
2.646.800
1,757.764
1.749.720
719.280
1,444,731
3.453,:»4
2.258.300
1.778.080
1.458.929
78,307.706
11.174.000
6.508.611
7.458,537
6.131.249
+17-8
-H6-3
+43-3
8.S«i6,->25
118,086.917
90,393.783
-f306
113,910,016
+81-8
15.412.263
1,700.000
453.880
878,833
1,208.621
1.335,039
18.552.906
1.558.088
—6-9
20,8' 3,596
+13-9
+32-8
-14-8
+67-0
19,439,776
19,092.137
-8-4
23.645.555
+15-8
9.567,889
4.939.692
4.022,485
6.318.H78
5,218.765
2.228.150
l,636.as7
717.440
700.973
S days..
«86.3,S05,438
-fl07
190,406,317
$770,638,347
193,408.217
,
Total aU cities fof week...
6
7.078.692
8,621.372
8.614.171
3,764,812
3.88U.633
'-h35-8
-t-3«3
-I- 11-8
+14-9
+32-9
-12-7
-1-41-3
9.739.010
5.048,149
8,880,202
6.040.079
-t-34-8
4.'.80.287
1.0(M,.l73
-I-121-9
1.121.543
-145-0
2.159.577
1.538.091
881.727
+89-9
+113-3
+22-4
+21-7
+S6-1
Omaha
tl,043,711,7H
$966.046,504
-180
Denver
Dnluth
Total Middle Western
-2
Portland
Los Angeles
Tacoma
Seattle*
ToUl
City*..
Paclflo..
City..
Minneapolis..
St.
Paul
St. Joseph....
TTie full details of clearings for the
week- covered by the
ibove statement will be given ne.xt Saturday. "We cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
In all cases estimated, as we go to press Friday night.
Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
noon August 23, with the comparative totals in 1889.
It will be noticed that compared with the week ending
August 10 the current total records an increase of a little more
than thirty-nine and a-half millions of dollars, of which nearly
twenty seven and a-half millions is at New York. Operations
on the New York Stock Exchange have been slightly greater
in volvme, and there has been more animation in
the dealings
1-2
461-3
48-9
+20-2
1.960,283
l,8j«,06a
-1-19
9
+181
+12-8
716,199
-1-328
1,581,368
429.622
553,521
1,871.>*7
497,9 ;0
972.102
4-57-1I
l.OiS.Oli
1,623.478
7
-f7-7
-120
83i.617
520.497
839.962
833.917
28,388.487
+35-1
36.250,048
~+T8T
18,467.914
4.925.901
6.708.449
+r8
20.716.7S2
5.928.4001
+9-2
+18-1
017.008
+28-7
4-80
+162-4
1.451.991
913.020
-l-U-l
799.976
961.688
4-63
832.9041
New
6,.139.406
Memphis...*..
Orleans..
LoulsTllte
Rlobmond
6.167,616
9,486.3^8
1.837.907
Oalveston
l.o3i>.202
Dallas
1.021.140
7S0,«83
690.271
Fort Worth..
Norfolk
810.518
882.300
e8t.2es
2.626.038
I^exlngton....
Chattanooga..
Birmingham..
Nashville*....
610,959
476.921
458,538
490,438
8U4.0UO
649,806
-t-12
-(70-0
-1-8-9
-t-9
2
all
4-13-9
439-6
-11-9
6.974.6 >2;
2,294,17;
8,147,9321
+283
9!
+28>
6-20,03;
409,-231
+731
T03.100
695.379
8.379.087
-3»-7
-2^
38.848,006
+17-6
968^20,498
41.789.306
Total Southern,.
New fork
-I-
444S
2.4-22.400
19.903.'?!>6
Louis
'MotlnoUdcdia
1
i-17
3S.640.023
Total Other Western.
Outside
2
-I-58-1
638.874
400.587
642.168
393.289
333.973
574.569
42U.743
Topeka
ToUl
684,790
-te4-6
2»3.8W
WlohiU
Sioux City....
Des .Moines..
Lincoln
St.
746.831
1.247.148
9
San Francisco....
Kansas
448-2
4-10-3
4-10-^
-1-29
Peoria
Lake
4-1-4
4-158-8
715.4'i'
-H7-8
+4-S
4-24-6
-I-17-6
Toledo"
Salt
-I-10-5
-9-9
+17-a
8•^.369,675
Grand Rapids..
.-f8-4
-1-277
-(-1-3
4-35 -4
+60-8
-8-«
+1-4
+22^
91.609.738
-1-1 -8
49-4
H-268
-(-136-9
-h8-0
4-16-8
4-17-4
80.996.204
II.OUO.DSO
7.498.759
Cincinnati
Milwaukee....
Detroit
$678,622,147
94,016,200
-i-59
-i-ie-6
+19-6
+13 6
107,600,363
Total Middle.,
Columbus
30.
-4-6
-I-10-7
1,240,635
Cleveland
Ending Auq.
(-79-8)
98,327,266
62.207.695
Chicago
$733,206,327
120,100,111
Louis
New Orleans
Totol sU
+16-8
875,62''.
Syracuse
Wilmington, Del..
Rochester*
8,192,811
OMoago
cities, 6
-^170
(+2411
80.459.975
4.699,300
1.658.909
1,242.025
1.104.214
1.006.742
I.118.4;u
647,899
388,094
Washington
$492,403,883
67,032,663
60.206,904
9,153,375
49,017.000
14,974.600
3,834.822
C521,341,104
68,210,086
61,133,730
10.017,407
62,134,000
15,173,390
Boston
PhlladelphU
Baltimore
cities,
-1-32
Indianapolis...
N«w York
Seven
71.096,562
4.218.800
1.410,887
99J.851
9U2.9U5
Buffalo
The following table, made up by telegraph, etc., indieates
bank clearings of all the clearing houses of the
United States for the week ending to-day, August 30, have
been $1,043,711,755, against $1,143,936,700 last week and
$966,046,564 the corresponding week last year.
Other
1-38-9)
lS,tl8U.a34
Philadelphia
PIttsbarg
Baltimore
that the total
St.
(6.384.U0O)
69.815.275
14.613.832
NEW
CLKAKCtOS.
Beturru by Telegraph,
(15.1.-S4.2K7I
104.957.528
Uaven...
WTiiriM n n»vi CW^II'I'IAM B. DANA Ic Co.. Pnblisbers, New Bedford..
1®* William Street,
YORK.
Jt>HN o FLOYi)
1
JOHN O. FLOYD.
Total New England...
^
p
OFFICE feox 958
Wuk
(+2-8)
(-28-7)
3o6,7ti2
Itoston
I'roTldence....
Portland
Lowell
CLEARING HOUSE RETURNS.
-t-14-9
(1.015.0201
(210.000)
(42,026.h62)
(1.9U8.0O0)
93,826.299
4.090.000
l,6aiJi7U
1.168.788
l.l!7.ai5
1.070.744
l,0J3,8«o
708,410
hushela.)
»*'*)
]I)\rtford
each.
89O.C03.8'!S
(-0-7)
(-78;
(3.1101,000)
6a IM.)
Messrs. I^DWARDS 4 S-iiith, 1 Drapers' Gardens, E. C, will tahe sub Springfield
cripUons and advertisements and supply single copies of the paper at Worcester
Is.
-H8-0
(1,109.6221
(398.200)
(49,li7l.k;00l
tftaret.)
(Cotton
New
823.785.784
(1,101.475)
1388,000)
0/—
(aUKJu
+181
4-60-0
-^83•S
+11-1
+82 9
+10'1
+14-0
4»,787.»7«
1
-(•9-7
+66-4
+17-6
+24-8
+2-1
+18-*
.104.0S«.887
|
I
426.680.008
totals.
841.740.711
«14.061,oiM'
-4-18-8
THE CHRONICLE
258
collateral,
but
character
THE FINANCIAL SITUATION.
are
[V( L. LI.
no
completed
reported.
negotiations
Transactions
substantially
paper are
our city banks are
illustration of the proportions
employed
which often help to make up a state of extreme stringency. resources are kept fully
Thursday and Friday, the situation was in dealers, while out-of-to'vn buyers of
A week ago
some respects almost beyond parallel; near the close holding off awaiting developments.
Oar money market
this
week
affords a remarkable
of fear
seemed as if money was actuThis week the change has been
ally unobtainable.
complete, call money opening at a state of comparative ease, and since then rates falling unusually
last
low; and all this has occurred, notwithstanding
Saturday's bank statement showed that four of the
of the former day
mercial
and sentiment So far
it
as
at
a
of
in
this
com-
standstill.
concerned,
their
supplying
their
paper have been
Merchants would
seem to be in good shape, for there is no appearance of
their being greatly pressed for money, the supply on
the market of really first-class names being comparaNominally rates are G@7 per cent,
tively light.
although sales of papar are reported at much higher
these latter, however, are no indication of
fit^ures
;
had a surplus of *2,.S99,600, while the anything but the degree of necessity the broker has
Clearing House institutions as a whole were $2,512,975 been under to realize funds upon the line? he may be
below the limit of 25 per cent reserve to liabilities; and carrying and upon which loans have been called. The
in face of the further fact that the West was contin- failure of the Potter-Lovell Company of Boston was a
uing to draw money from this centre. Of course every case much of this sort ; the event has created more of a
one knows that the difference between Thursday of the disturbance in Boston than it has here, but illustrates
one week and Thursday of the next was the result of the how easily dealers in paper carrying names not strictly
offer by Secretary Windom to pay off at par and inter- first class may ba embarrassed in a stringent money
larger banks
amount of 30 million market.
But it was the offer,
There has bsen no material change in money at
and not the payment, that worked the change; for down London. The Bank of England rate remains at 4 per
to Wednesday morning only 9f millions had been cent and the cable reports sixty to ninety day bank
Xi to the movements
accepted, a considerable portion of which was not of bills in London at 3| per cent.
bonds held and therefore disbursed for at Xew York, of bullion in and out of the Bank of England they
est
to
September
1,
1891, the
dollars of the 4^ per cent bonds.
and another portion was of bonds already held by the
Treasurer as security for bank deposits.
Some will claim that these facts and changes in condition show the hand of the manipulator as the source
of the difficulty.
We presume there is a grain or two
and yet it is not needful to
of truth in that statement
from
money
Frankfort
have been small this week; apparently the drop in the official minimum has in great measure arrested the inflow,
but the condition of the Bank has improved during
the week.
The net gain is reported at only £13,000,
but the proportion of reserve to liabilities has risen
4.3-70 per cent last week to 45 '17 per cent this
accept the assumption in accounting for the disturb- week,
A special cable to us states that the gain of
ance.
Indeed, the very fact that the mere announce- bullion was the result of £92,000 "bought" in the open
ment of what the Secretary would do, proved to be suf- market and imports from Australia, of an export wholly
ficient to change the aspect of affairs, shows that men to Egypt of £60,000, and of shipments to the interior
were impelled by their fears into doing much that in of Great Britain of £19,000. The open market rate
quieter moments they would not have done.
When yesterday at Paris was 2^ per cent, and at Berlin and
;
gets scarce
and looks
as if
it
might be
the borrowers whose pressure brings the
crisis
scarcer,
are not,
Our
it
was 3^ per cent.
foreign exchange market has been
heavy and
who need money to-day (for if the lower this week. The decline has been the result of
demand was confined to them a slightly higher rate offerings of bills against outgoing securities, (the arbiwould make the supply sufficient for the requirements), trage houses having been moderately large purchasers
but the additional crowd who have lost their judgment of stocks during the week), aleo of a pressure of loan
and think they may need money days or weeks hence. bills and of drafts made against the movement of new
in the main, those
Haste
is
We
know
worse (than waste under such circumstances. cotton, which movement, under the stimulus of high
that the ways of getting out of a burning prices, has set in very freely, the crop being unusually
building are insufficient, not for sane men, but because early.
The market opened on Monday at a decline of
a large portion of the audience is no longer sane and half a cent per pound sterling for short, making the
crowd the exits. It can do no harm to mention this rates of all drawers 4 83^ for sixty days and 4 87 for
feature, but very likely it will do no good ; and yet it sight.
Wednesday Brown Brothers & Co. reduced to
all
a fact that
when
imminent a fresh class 4 83 for the former and 4 86^ for the latter. Thurs
bank parlors and loan day that house made a further reduction to 4 82^
offices.
for long and 4 86 for short, but all other drawers
The average rate for call loans at the Stock Exchange yesterday quoted 4
83 and 4 86^ for long and short
this week has not been above 6 per cent, and that
has respectively.
been the figure at which renewals were made; the
As an evidence at once of the peculiar notions which
range was 15 and 2 per cent. Banks and trust comobtain with regard to the functions of Government,
panies have also made their minimum 6 per
cent. and of the belief that Government printing presses can
Time money has been in good demand, but little has
be made to remedy all the ills of mankind, a little bill of
been done in new loans, so that rates are nominal,
five sections which was introduced in tlie Senate a
being 6 per cent for from sixty days to six
months. few days ago deserves mention. The bill was introRenewals of old loans maturing have been made
at 6 duced at the request of the Wage-Workers' Political
per cent at periods to suit the lenders; borrowers
ask- Alliance, was read twice, and referred to the Commiting for renewals do not feel inclined to lose
the opportu- tee on Printing. It provides for the publication by the
nity tosecure them by insisting upon dates
differing from Public Printer of a daily periodical, to be called " The
is
;
a crisis seems
of borrowers always flock about
the views of lenders.
Some high bids have been made
for funds on time to carry
ordinary mixed and trust
Congressional Petition Box," and for the creation of
the office of editor of the same, whose duty it is to be
j
\
ADOUBT
•^9
THE CHUONICLK.
80, 18»U.J
resolutions,
to publish "all petitions, memorials, bills,
ings have been improved only 465,568,
" ami other respectfully-worded communicatioua which
ho may receive from any citizeu of this Republic,
" and wliich shall be adilressed " to Congress, the SenPresident
ate, the House, the Supreme Court, or the
Such a publication would
of the United States.
probably be the most voluminous and the most
The undernnii|ue that the world Las over seen.
the gain in gross having been
•
without doubt require a conHow to
constant supply of money.
provide this money when there were no funds in the
Treasury not otherwise appropriated would to persons
accustomed to manage affairs on business principles
taking
would
and
also
siderable
expenses.
The Western
lines
the rest of
all
consumed by heavier
make
a very
much
better
showing. For July with 1427,227 gain in gross, net
has been enlarged 404,813, and for the seven months
there is an increase of 41,102,.591 in net, with 3,328,-
On these Western lines we can158 increase in gross.
not give the results for the years preceding. On the
Eastern lines the record
is
very striking, as shown by
the following.
lASEB KAST Of
1887.
1880.
1886.
1866.
PmSDCBO.
Juiy.
UroMOAmlnKS
»
B,874.iM| 6.241,674 4,822,412
l,01».a03 3.380.020' 3,224,004
4,664.870
4.864.S77
S,77e,04S
8,686,106
appear to be an onerous task. But there is one un- Operat'ff expeniea.
Net earntuKS... 1,3S6,4«3 1,8&5.8M i,6se,4oe, i,87s,6a 1,680,028 1,160,049
the Government printing
failing resource ever ready
Jan. 1 to Julu 31.
the present scheme, howThe persons behind
press.
37,332.979|3S,245,912 32,880.617 31.02S,0|>4| 27,606341 26,004,6M
GroM earning*
they want things done up "in Opent'R eipenso8.'27,001,a64'22,»7»,7a5 22,389,446 20,5«7,170l 18,886,689 17,aM.7M
ever, are quite exacting
2,»803W
—
—
style."
They do not care to have flimsy, inferior paper
used for the notes, or the printing bad. So the bill,
after making it the duty of the Secretary of the
Treasury "to cause a sufficiency of the declaratory
" full legal-tender money of the United States " to be
issued, provides that the notes shall " be prepared on
" silk-threaded paper exclusively, in the highest style
**of hand-roller plate
printing."
What
a beautiful
and beneficent scheme this is! Under it, whenever
there was a dearth of currency, the only thing needful
to get relief would be to send petitions by the cart-load
to the '• Congressional Petition Box," and to have "full
" legal-tender money " issued to pay for the cost of
To be sure, in the course of
money " might have about
printing them.
this
" full
legal tender
'
and the
as the paper out of
ratio of gain over
last
which
year
the
it
is
much
smaller
than for some time past, being only 5 -30 per cent. This,
however, would not possess any special significance, as
covers the results for only a single week,
it
gress for several years.
in expenses has been in pro-
Net earnings
the seven
for
months show but very slight variations for 1887 to 1890
inclusive.
But in the meantime gross earnings have
In other words, with
steadily and largely increased.
gross earnings in 1890 Q^ million dollars larger than in
On some other of
1887, net is actually 1126,000 less.
the Pennsylvania lines increasing expenses are also a
prominent feature. The Northern Central, for in-
though gaining $36,086 in gross in July, loses
For the seven months of the year the
road is $577,729 ahead in gross, but only $17,433 in
time net. The Burlington & Quincy and Union Pacific July
was made, but
that is a matter of no consequence.
It is not quality
which these persons want in currency, but quantity.
Current returns of earnings can hardly be considered
;o encouraging as heretofore.
On another page we
have brought together the returns on 66 roads which
have thus far reported for the third week of August,
same value
Wet e«nilng»...10,3.31,715'l0,266,127 10.291,171 10,467,884 9,260J62 7.670.906
Thus the augmentation
and more-
stance,
$46,813 in net.
statements also offer illustrations of the great increase
The Quincy loses $287,498 in net, wholly
in expenses.
because of heavier expenses, and the Union Pacific with
$263,734 gain in gross has only $11,421 gain in net.
The Philadelphia & Reading
likewise submits an
unfavorable statement for July, though this
is
in part
ascribed to the fact that traffic was heavy in that
month
The
state-
last
year by reason of the floods in June.
ment
is
in the full
and complete form
of the previous
month, and President McLeod deserves credit for
abandoned the incomplete and partial
having
returns
which his predecessor had put forth.
On the Coal & Iron Company the relative
statement then showing falling off in net earnings for the month is $124,807,
11 "62 per cent increase on 87 roads.
But the fact of and on the Railroad Company the loss is $20,880, makthe matter is, that increasing expenses are becoming a ing $145,687 together.
For the fiscal year, however,
more and more prominent feature, so that the showing from the first of December, both companies are ahead,
U3 regards net earnings is proving in many cases quite the gain for the Railroad being $626,855, and that for
unsatisfactory.
The Pennsylvania has this week issued the Coal & Iron Company $349,605, or $976,460
its statement for the month of July and the results
together.
The Erie, of course, is also a large coal car-
over the gain in the corresponding week last year had
l>een
quite heavy
—our
full
'isclosed are certainly remarkable.
The increase in rier. It shows but slight changes for July, but has
-OSS earnings for the month is small $133,792, or quite considerable increase in gross and net for the
hardly more than 2J per cent.
As in that month last fiscal year since the Ist of October.- The Central of
year some traffic undoubtedly came forward which had New Jersey July figures, too, when published will
Ijoen delayed in June by the floods, the small gain now reflect but trifling changes
a small gain in gross and
'is perhaps not particularly important.
But it has been a small loss in net
Among roads in other sections
—
—
lattended
by
the large
the
an
sum
month
augmentation
of
in
$632,983, so that
expenses
net
in
earnings
show a
which have reported for July, the Canadian Pacific has
$113,918 increase in gross and $19,105 in net, the Norfolk & Western $110,409 increase in gross and $33,330
decrease of over half a
expenses increased so heavily in net, the New York & New England $36,835 in
the early months, the explanation offered was that gross and $20,404 in net, the Baltimore & Potomac (a
^u account of the mild winter much renewal and repair Pennsylvania
line) $17,723 in gross and $14,207 in net,
vork was being done which usually came later in the and the Mexican National with a decrease of $10,740
ason.
The extraordinary increase in July is ascribed in gross, has increased its net $19,996.
ij Philadelphia dispatches to
outlays for betterments
The Chesapeake & Ohio" report for the fiscal year
kt Trenton and other stations
on the New York division. ending June 30, 1890, has been issued very promptly
Caking the first seven months of the year, it is found and contains
interesting account of the work
|for
tnillion
doUai-s.
When
1
M
with gross earnings increased 14,087,067, net earn-
an
done during the twelve months in improving the prop-
.
.
THE CHRONICLE.
260
Net
adding to its efficiency and value.
statement is more
earnings were 11,706,822. The
Expenses were
favorable than appears on its face.
the extra outlays required to
very heavy by reason of
put the property in good condition. During the period
of time when the company was in financial straits,
road bed and plant had been allowed to deteriorate, and
the new management found it necessary to spend large
Bums to bring the property up to the standard. Light
52 and 56-pound rails have been replaced with 75-pound
erty
and
3fA R
VEL US DE VEL 0PMENT OF THE IR ON
INDUSTRY.
many
as so
If,
[Vol. LI.
claim, the iron industry furnishes a
barometer of the condition of trade and business, there is every reason for feeling satisfied with the
situation at least as concerns the extent of the work
going on. As regards prices of course we all know
the situation has not been quite so cheering, the low
quotations prevailing having, with other circumstances,
sort of
—
the difference in cost being charged to operating narrowed the margin of profit and
expenses, bridges have been strengthened and im- in production necessary.
rail,
has
It
apparent
been
made
closer
economy
through the year that
of the road has been practically rebuilt.
proved, track ballasted, &c., &c. In fact, about one-fifth
This made the
a very considerable expansion in the output of pig iron
operating cost heavy of course, and, besides, there were
was in progress as compared with other recent periods.
which proved rather costly. It is to
be remembered that the Chesapeake & Ohio gets only
very low rates on its business. The average per ton
per mile received on general merchandise freight
during the year was only 628-thousandths of a cent.
On coal the average was but 529-tliousandths, while
several accidents
that part of the coal shipped to the seaboard realized
no more than 339-thousandths
a cent
of
— that
only about a third of a cent per ton per mile, which
Under
astonishingly low.
all
is,
is
these circumstances the
But the
all
actual extent of the increase, as
now
disclosed in
the returns published this week in Philadelphia by the
American Iron & Steel Association, is truly remarkable.
Such a rate of growth as these figures reveal
comes as a surprise. To be sure, statements of railroad
earnings and bank clearings have for months told of
great
industrial
data
more
of
our
iron
As
fact.
in
a
certain
production
more
and
conclusive
the
but
activity,
on
bearing
evidence
reliable
bank
regards
sense
furnish
clearings,
of the system as a it is frequently urged that it is impossible to eliminate
complete line from the seaboard to Cincinnati, cannot clearings arising from speculative transactions (not
be regarded as otherwise than encouraging. For the alone in stocks, but in commodities and all branches of
current year, charges for interest, rentals and taxes are trade) from those due to ordinary legitimate business,
estimated at $1,905,613. Gross earnings for the seven so that when there is an increase the varying part
weeks from July 1 show an increase over the corre- played by these two agencies aiiects the value of the
sponding period last year of $60,642.
result as an index of the growth of trade and business.
The stock market this week has shown a decidedly In the case of railroad earnings, the rate question fre"better tone and there has been a sharp recovery in quently comes in as an uncertain element to affect the
prices.
Money has been growing easier under the value of the comparison. But no such objections apply
large purchases of bonds by the Secretary of the to figures showing the iron production.
An increase
Treasury, and at the same time the general strike of there is positive, undoubted evidence of growth in the
railway employes which had been feared did not magnitude of trade.
And we know that under this
occur.
Besides this, foreign exchange rates have growth greater employment has been given to labor,
declined and crop accounts have been more favorable. that there has been an increased consumption of fuel
The market improved during Monday, but Tuesday and of the raw materials needed in the manufacture of
morning, on the news that the Federation of Eailway iron, and that the enlarged output, while being at once
Employes had decided not to order a strike, there was evidence of the industrial activity prevailing, tends
quite a stampede of those short of stocks and the open- further to stimulate and widen such activity.
ing was at a decided advance on the prices of the preIt is this circumstance that gives especial significance
tIous day. Since then thei-e has been more or less to the very decided expansion which is now brought to
irregularity, but with the tendency upward.
our notice. That circumstance makes the increase disresults of the first year's operations
j
The following gives the week's movements of money to closed a factor of importance also to other industries. It
interior by the New York banks.
appears that the make of pig iron in the first six months
and from the
29. 1890.
CurreDcy..
Ktuivtd fcy
Shipped by
JV.F. Bon*<.
Wtik £ii4in« Anvui
a.Y.Hnnkx.
$2,049,000
Gold
$2,900,000 Loss.
1, -400,000
Total gold and legal tgnaeni.
$2,049,000
Into
Avttutt 29,il890.
Sob-Treasary operations
Total gold and legal tenders.
result
Out of
Bank).
Bankt.
Banks Interior movement, as above
$2,049,000
19,100,000
$851,000
Loss.
1,400,000
$1,300,000 Loss. $2,251,000
With the Sub-Treasury operations the
Weik Ending
Nti IrUirior
Movement.
is:
tfet Oh%tiae in
Baiik Boldlnot.
$1,300,000 |Lo<s. $2,241,000
15,700,000 Gain. 3,400,000
$21,149,000 $20,000,000 Gain. $1,149.000
Bullion holdings of European banks.
Auauat
S8. 1890.
Awiutt
Banks of
Oold.
Silver.
Bngland
Vtance
Germany
Aust.-Uung'y.
Netherlands...
Hat. Belclom
22,646.225
Total.
Gold.
£
£
£
22,666.225
62,M«,00C' 80.828,000 10^,374.000
«7,612.««7 13.75fl,3S3 41,269.000
4,168.000 16,532,000 21,000.000
4, 810.000' 5,300.000 10.179,000
2,8 78.000 1,439.000
4,317,000
}
29, 1883.
Silvir,
Total.
£
20.936.282
20,930.282
53.217,000|60,S87,000 103,601,000
28,003.333'l4,.301,8«7 42.905,000
6,482.00016.837.000 21,269.000
6,54 1.000
6,422,000
11.963,000
2,647,000: 1,321,000
3.971,000
1
Tot. this week 114.880.882
,.„,™„
8ri024,m *0«,805.«25 116..376,615 Se!27M67 204.648.282
Tot PW<T.W'k.ill4.939.8!)gB7'B1U!l<11
202,759.225 116.0ea.PO2 88.O3t.0OO 20.'i.fll6902
of 1890 was 5,169,737 net tons of 2,000 lbs., or 75-1,653
net tons more than in the last six months of 1889.
Stated in this way, the result does not appear so very
The gain
\
large, it is true, both in amount
being over 17 per cent but it is
only by considering the' figures in connection with thci
antecedent gains that the full extent of the progress
'
striking.
and
ratio
— the
is
|
—
latter
made
appears.
The total for the second half of 1889
with which comparison is made was not only the
heaviest ever reached up to that time, but there had
been large and uninterrupted gains in every half-year
preceding, with one exception, back to 1885. If we
compare the output for the first six months of 1890
with the output for the first six months of 1889, the
increase
is
1,068,742
tons
— that
is,
in
one
there has been an increase of over a million
full
25 per cent.
shown an
increase
But the
first six
over the
year
tons, oi
months of 1889 had
months of 1888 o^
first six
718,492 tons, so that if we compare with two years age
'the increase is over If million tons, or more than 5(i
—
AuonsT
—
.
TOE CHROMCLE.
80, 1890.J
2«1
per ceut.
As compared with the first six months of the total of unsold stocks on hand. It is interesting to
1886 the increase is about 75 percent, and as compared have the iron classified according to fuel nsed, because
with 1885 it is about UO per cent. The following fur- in that way we see that by far the greater proportion is
nishes an interesting record of the growth by half-year made with bituminous coal, and also that the vast
increase in recent years has been almost entirely in that
periods.
kind of iron. Comparing 1890 with 1880, we find that
paoDDcnojJ OF no irox ix half-tearlt periods.
Net loru.
2,150,816
2,379,053
2,954,209
3,411,119
3.415.210
3,771,990
1885-l«t nulf
2(1
1896— 1st
2il
Iliilf
Hiilf
Iliilf
l-iST-lKt Ilnir
2il
U«lf
yet
toll*.
1888-l«t Half
...3,382,50:)
iriilf
3,888,004
4,100,995
4,415,081
6,169,737
2<l
1880— l»t Half
2(1
Ilftlf
1800-l8t UiUf
out of 2,215,528 tons increase in the total, 1,893,070
tons is in iron made with bituminous coal.
I-KODUCTION ACCOBDIXa TO FUEL USED.
iV<t TbiM.
Thus, while in the first six months of 1890 the make
of iron was 5,109,737 tons, in the first six months of
1885 the make was only 2,150,810 tons. Not only
that, but in the whole of the year 1885 (first and
second half combined), the production was but 4,529,869 tons.
iron in six
now making more
In other words, we are
months than we did
in twelve
And
is
recently as 1885.
the increase
months
as
especially note-
worthy in view of the fact that it can not be claimed
that the addition is due to new railroad construction
on any extensive scale. The ordinary requirements of
the railroads for iron and steel in their various forms
are no doubt growing heavier each year, but the demand
for iron for rails needed in laying new track can hardly
have been above the normal, as there has been no
rtrtt Six Month$.
18S0.
Bituminous
Mixed anthracite and coke
188».
1888.
143,681
323,378
763,827
164,781
306,780
6,160,737
ToUI.
Unsold stocks-
2.87&.604
1.061,044
.
1887.
1
1886.
1
2,148317, 1,960,339
946,439
817,646,
286,004
107,802
263,428
278.238
4,100,996
1,746,661
3,382,503
3,638,631
3.415,210
2.964.200
204.717
338,142
470.421
262,704
809.201
202.668
196,801
1
June 30
December 31
663.280
877.401
380,744
401.266
336,161
Note.— In addition to above stocks, the American PlK Iron Storago
Warrant Company beld in its yards 71.120 net tons ol pig on June 30,
1890, and 40,541 tons on January 1, 1890.
In the face of the heavy production, stocks hero
give no evidence
1,
but an increase
The
of very large accumulations.
January
half-year, and
amount June 30 was somewhat above that
usual in the
is
the present addition
is
first
for
smaller than that for 1889.
Altogether the unsold stocks were only 380,744 tons in
new railroad construction in 1890. June, against 277,401 in January, in addition to which
Back in 1887, when about 13,000 miles of new road 71,120 tons were held in the yards of the American
were built, the augmented demand for rails played an Pig Iron Storage AVarrant Company, against 40,544
important part in bringing about the increase in iron tons. In June last year the amount of the unsold
special activity in
much
These
manufacturyear, when this special demand ceased, the iron output
temporarily remained stationary; this overcome, how- ers' hands not intended for their own use. It is conever, the upward movement was resumed, and the tended by some that supplies of the latter kind that
production which then occurred.
Henpe
in the
next
stocks was
figures
heavier
at 563,286
comprehend merely the stocks
tons.
in
—
is,
totals raised to the large figures already noted.
the stocks held for the manufacturers'
own
use
seems likely that we are now the heaviest iron must be above the average, but that opinion seems to
producing country in the world, even surpassing be based in great measure on the idea that such a result
Great Britain, which has heretofore occupied the lead- would be natural under the current large output, and
ing position.
Combining the output for the first six as there is no proof to support it we are hardly warmonths of 1890 with that for the last six months qf ranted in accepting it. Taking the unsold stocks just
1889, we get a total production for the twelve months as reported, the following furnishes a statement showending June 30, 1890, of 9,584,821 tons. This does ing the relative consumption in the first half of the
It
much from the Census figures for the same
twelve months, which are 9,579,779 tons.
The output
in Great Britain during the calendar year 1889 (no
not differ
later figures
are yet available)
was 8,245,33e^tons
of
last five years.
COXSUMITION OF DOMESTIC PIG IRON.
KH Tons of
2,000 JJ)S.
Flrtt J><x Month'.
1889.
1890.
1888.
1
1887.
1888.
I
2240
equal to 9,234,770 tons in our weights.
Hence there is a difference in our favor for the fiscal
year as compared with Great Britain's output for the
lbs.,
3,382,503
227,125
63,124
12,013
63,900
6,036,818' 3,873.870 .3,319,379
3,403,197
2,000.300
•133,919j
Consumption
* Ini>lii(liiisr
increase in stocks in the yards ot the
3,416,210
2,961,209
5,169,737| 4,100,995
American Pig Iron
calendar year of about 350,000 tons of 2000 .lbs.
This Storago Warrant Co.
difference might be extinguished, perhaps, if Great
These figures reflect just as striking growth in conBritain's figures were for the same period as our own. sumption as in production, the consumption for the
Taking the heaviest year Great Britain has ever had, six months of 1890 standing at 5,035,818 tons,
namely 1882, when her make of iron was 8,580,080 against only 3,873,870 tons in the first six months of
gross or 9,017,081 net tons, it will be seen that her 1889 and but 2,900,300 tons in the first six months of
total then was g, trifle larger than ours now.
But even 1886. In the first half of 1885 the consumption was
if our output should not come quite up to that of the
only a little above two million tons.
United Kingdom, the close correspondence between the
There is one other circumstance to take into conproduction of the two nations is most remarkable. sideration, namely the imports.
These in some years
For, only a few years ago. Great Britain held a position have been heavy.
Now they are quite moderate. The
far in advance of all other countries that it seemed extent of the difference is important, because with
hardly probable that any of them could overtake her.
smaller foreign supplies there was of course greater
An important question is, has the increased produc- room for the use of home supplies. We have prepared
.-^0
tion
United States gone into consumption
has there been an increase in demand corresiionding with the great enlargement of the output.
Before attempting to answer this question, we present
that
of the
is,
the following table showing the make of iron, according to the kind of fuel used, in the first six months of
the last five years, and also showing in the last
two lines
the following to show the imports during the
months
The
of the last four years.
figures
first
six
embrace
not only pig and scrap iron, but iron and steel in all
its various forms, including tin plates, the idea being to
set out the full
movement.
The
gross tons of 2,240 lbs., as that
stating them.
is
figures are given in
the customary
way of
1
;
THE CHRONICLE.
262
MPOBTS or IKON ASD STEEL ISTO UNITED
[Vol. LI.
passenger revenues,
$343,539 in
STATES.
$40,795
in
mail
and express, while in the revenue from miscellaneous
1889.
1890.
OrouTonto/2,2iOlba.
960,649
472,089
404,591
314,969
But while these
1st Bil months
sources there was a drop of $203,781.
• As compared with the year preceding, the change is are large figures, and reflect most decided improve(or say
ment, the real extent of the growth which has taken
not so important, being only 89,622 gross tons
with 1887 the total place becomes evident only when the comparison is
100,000 net tons), bat as compared
against
We have prepared
imports now are only 314,969 gross tons,
carried a few years further back.
tons, being a falling ofE of 645,680 gross the following, giving yearly gross and net earnings since
960,649 gross
However, in considering the 1884.
or 723,161 net tons.
quantity to
effects of this falling off in adding to the
1888-9.
Pacific} 1888-90.
in the KoHhem
be supplied at home, it must be remembered that
Miles of road end
3,337
2,8.8
2,6«8
8,<I1?
3.466
8,103
of fiscal year...
same period there has been a marked contraction in
i
I
$
*
i
I
Earnings^
the amount of iron needed for new railroad construc- Freight
is.aoo,82o 18,877.83S 10.4^,244 8,7.i0,547 8.189,615 7,446,268
1837.
1883.
tion, the total of
new road
built in 1887 having been
the largest ever reached.
As in our enlarging production the South is playing
quite an important part, it will be worth while giving
output separate from the rest of the country, and
making a comparison on the same for a series of years.
This we have done in the following.
its
PEODUCTION OF PIO IKON IN SOUTHEBN STATES.
Tmu of 2,000
Jlir»t
Lbs.
Six Monihi
1890.
Alabama.
<fl3.451
364.346
Tenneflsee
113,493
166.461
U7,401
VirgInU
Kentucky
63.639
25,546
Georgia
19,526
West Virginia
..
1887.
1889.
112,328
72,775
23,865
U,338
169.696
122,817
l,4U
1,401
922
744,619
485,852
1885.
118,186
79,144
74,827
35,966
16,768
7,644
8,383
1,000
119,687
96,045]
81,773
32,660
24,916
23,91*
69,768|
17,127
1,929
1,400
11,1931
446,226
415,628!
342,537
a million
tons
23,658
6,250
2,968
1,100
961.966
Total..
10,233
6.817
1886.
146,280.
92,495
45,601
21,267
72,832
Maryland.
Texas
2<orth Carolina..
I
141,921
Thus the South produced almost
49,962
19,361
22,689.
260
1,000
B,t67,702
451.781
PassenKer
Hall
Express
Miscellaneous
—
S30,8^^
59,878
'
4,877,8U8
6,824,163
443.638
298,170
263,659!
399,162
266.910
176.124
3,269,-04
356,34'
800.852
131.09:
8,897,218
347,957
241,760
53,068
8,075,88J
411,149
246,366
51,486
Total earnings. 22,610,803 19,707,468 16,846,328 12,789,418 11,730,527 11.234,149
Operat'g ezpens's 13,089,137 11. 883,541 9.025,596 6,904,617 5,919,300 5,983.800
(53-00)
(5?-96)
(50-40)
(00-20)
(53-9S')
(t>i'89)
Per leat
'
'
Net earnings.
I
9,5!l.t»«
7.813.927
6.8J0.7H2
5.884.831
5.SI1.82';
5.280,348
Here we see that the gain of $2,903,035 in gross
earnings in 1890 follows an addition of 13,861,140 in
1889, and an addition of $3,056,880 in 1888, making a
total increase in three years in the remarkably large
sum
of
$9,821,055.
and 1890 gross
In other words, between 1887
receipts
from
rose
$12,789,448
to
And this
$22,610,503, or not far from 80 per cent.
represents not what had previously been lost through
rate wars or floods or accidents (as happened with some
roads), but an actual enlargement of the
income of the
are in this country to most
Accustomed as we
marked evidences of growth and
system.
progress, these results
(961,966 tons) in 1890, or not far from one-fifth of the yet stand out with great prominence, and it would be
output for the whole country. In 1889 the make of difficult to find many parallels to the heavy increase in
the South was 744,619 tons and in 1888 only 485,852 earnings in ratio and amount.
Alabama alone now turns out almost as much
tons.
In the case of the net earnings, the gain of $1,677,439
iron (its output for 1890 is 463,451 tons) as the entire
in 1890 comes after a gain of about a million dollars in
South only two years ago. Still, as against Alabama's each of the two years preceding, so that the present
total of 463,451 tons, that of Ohio for the same period
total of $9,521,366 compares with only $5,884,831 in
is 682,681 tons and that of Pennsylvania 2,546,501
In these same three years mileage has increased
1887.
tons, so that if Alabama holds third position she is yet
only from 3,103 on June 30, 1887, to 3,613 on June
a great way in the rear of Pennsylvania, the first.
Prior to and including 1887 the managers
30, 1890.
had rather a trying time
RESULTS ON NORTHERN PACIFIC.
No
of
it.
They had a
steadily
increasing mileage to operate, charges were growing
heavier, while the gains in earnings were comparatively
Northern Pacific
one so forcibly as the growth in the traffic small. Such conditions necessitated the most rigid
and income of the system, year after year. There are economy, so as to keep operating expenses down to the
Hence in 1885-6 the ratio of expenses to
other systems which can show just as large and even lowest limit.
In the next year
larger gains, gross and net, for a single period of twelve earnings was less than 50^ per cent.
feature in connection with
affairs strikes
months, but hardly any that can show such an uninterrupted series of notably heavy additions to income over
a term of years. In reviewing the company's annual
and semi-annual statements, we have several times had
occasion to call attention to this fact, but with every
farther extension of the movement the matter becomes
of coarse
more important and
(1886-7)
the ratio was almost 54 per cent, but even
then total expenses were only substantially "the same
as in 1883-4 (gross and net earnicgs also differing^
but slightly), at which time the company was operating
j
a very
much
in earnings,
significant.
These reflections are called forth by the receipt of
fiscal year which
closed on June 30, 1890.
The company's report for
that period has not yet been made up, but we are able
t>day to present an exact statement of the gross and
data bearing on the operations of the
smaller mileage.
During the
making
with the great expansion)
has been possible to be quite liberal in
last three years,
it
repairs
and renewals and raising the efficiency
So as against expenses to earnings ol|
of the property.
only 50-46 per cent in 1885-6, the proportion in 188&-9|
had risen to 60-20 per cent. The effect was to giTe|
smaller gains in net earnings than had been looked for.
net earnings for the twelve months, and also to fore- In the late year, however, with a further expansion ol
shadow quite closely what the report when issued will gross receipts, expenses, though still rising with the
show as regards the relation of charges to income, the increase in the volume of business, did not augment s(
balance remaining for the preferred stock, amount
of fast relatively as in the years preceding, and hence nel
stock and debt outstanding at the end of the year,
&c. earnings gained more proportionately than before, thi
It appears that as compared with the year
preceding increase in net being $1,677,439 on $2,903,035 increas(
gross earnings have risen no less than
$2,903,035 and in gross.
The ratio of expenses thus slightly dimini
net earnings $1,677,439.
Of the gain of $2,903,035 in ished, standing at 57-89, against 60-20 per cent, taxej
gross earnings,
$2,723,482
is
in
freight
revenues
not being included in any of these figures; barring onb
—
AUOCBT
is
The aggregate of this income has been growing for some years, and for 1890 the amount will be over
which the double that for 18S9. While we cannot give the preit will be
additional cise sum, we are warranted in saying that
the highest of
any recent year.
The
263
THE CHRONICLR
80, 1800.]
1888-9, however, the ratio for 1889-90
.
record of steadily enlarging traflic
of income.
Northern Paciflc'a earnings indicate derives
On the basis
management confidently $1,100,000, and possibly more than that.
interest from the fact that the
the result is as follows.
at least for of an allowance of $1,100,000,
count on a continuance of the same growth
with a reporter of the
In an interview
1888.80. 1887.88. 188»«7. 188640.
18604)0.
another year.
Northtm Poc<;«<- KB.
President
*
*
t
Philadelphia Press a couple of weeks ago
quoted as having expressed the opinion that
further induring the current fiscal year he expected a
earnings as compared with the late year
crease in gross
Oakes
is
—
Net eanilnxa
Oth«r laoume
in net earnins:8
of three million dollars and an increase
Mr. Oakes of course is in
fully a million dollars.
of
be very
good position to judge, and besides is known to
identified with
He has been
careful in his statements.
phenomenal
the property a great many years, and its
due to his efEorts. But
growth is in no small measure
73tf.<n7 8,820.732
._
Total net Income
i*tvirget atffU'Twt income
Bentala-St. Paul * No. Paclflc.
Cceur d' Alene H'way & NaT..
St. Paul k Omaha
St. Paul It, Manitoba
it
617,110
684,640
2,140
22,230
100.718
22,1481
2,140
20,788
2,000
21,484
M,006
44,623
4«,618
44,83»
l,0«6,Ma
Z.UO
22,230
is
^
I
«,000
Co
Wlscounln Central Co
Northern PaclBo Terminal
Branch Roads
—
«M,S77l
M,25I
I.An(l
700.103
186,007
2,140
283,076
always possible that some unforeseen Taxes debt Interest
Funded
to modify results— Sinking funds
contingencies may intervene
make an imTotal
a bad winter for instance might
Balance
Barring such unforeseen occurportant difference.
course
of
ttajt^
10,«21,8M 8,37«,268 7,sae,aae{«.86«,i97 6,127,002
Equipment
Minn. Union
Tacoma
5S2.SM
•1.100.000
1,77;
67,788
873,660
238,984
6415,752 4,917,833 14,703,965 4.450,536 4,330,004
56.638
112.899
301,918 343,300 224,005
72,000
72,000
1,888,008J1,080,7S9
374,609 322,103
1
88.472
881,073
241,288
08.U2
698,650
286,403
6.B7e,ae»
8,649,300 7,803,547 6,832,771 6,287,045
2,072,067
other deduction*
578,708
91,228
538,496
17,813
65.707
the fact that an exceptionally heavy grain
461,478 618.885
Surplus..
* Partly estimated.
has been raised in the Pacific Northwest the prescrop
•ent season, that a larger grain traffic is also expected
This shows that over and above all charges a surplus
from the eastern end of the system (in Dakota and on the operations of the twelve months ending June 30,
Minnesota), and that there is great and general develop- 1890, remains of $2,072,057, which compares with a
ment all along the company's lines— these circumstances surplus of only about half a million dollars in each of
Taking the amount of the
give a fair basis for anticipations of continued improve- the two years preceding.
progress of the road is to be preferred stock as it stood at the end of the fiscal year,
ment. Moreover, as the
ascribed in great degree to the policy of extending its 4 per cent dividends on the same would call for $1,479,profacilities and capacity for doing business, so as to
Deducting this from the $2,072,057 surplus for
333.
for the wants of the growing population and the twelve months, a balance of about $600,000 would
vide
expanding industries in the sections traversed by remain. That is, the company earned .«bout $600,000
the system's lines—as this has been the past policy, it more than enough to meet all charges and the 4 per
Villard
shares.
is well to recall here the remark made by Mr.
cent dividends now being paid on the preferred
April, to
at a banquet tendered him in St. Paul last
outside income should prove larger than $1,100,If the
the effect that within the next four years the Northern 000, the balance would be to that extent increased.
Pacific would expend between $50,000,000 and $60,000,- Present results show 5-6 per cent earned on the pre-
rences,
000 in the Pacific Northwest, chiefly in Montana and ferred shares; larger outside income than we have
Washington, which means that the old policy is to be allowed could easily increase that to full 6 per cent.
continued.
With regard to the company's funded debt, the
Of course, while the company's income has been ex- principal changes during the year have been the
panding, the demands upon the same have also been further reduction in the amount of the old divisions,!
expanding— that is to say, the call for interest has been mortgages (Missouri Division and Pend d'Oreille DiviThe issue of second mort- sion bonds) and the issue of the new consolidated mortsteadily growing heavier.
gage bonds, of third mortgage bonds, and now of gage bonds. The Stock Exchange early in the present
general mortgage bonds, have followed each other in month listed $26,447,000 of these new bonds, issued for
quick order; besides which, the obligations on account various purposes under the different articles of the
of branch and connecting roads have been steadily en- mortgage, but the company's books show only $22,568,larged.
But while, as already said, the burden was 278 of the bonds outstanding, at the end of the fiscal
rather hard to bear in some of the earlier years, before year on June 30, 1890, as below.
The amount of the
the large investments made began to yield full returns, preferred shares was diminished about $200,000 during
In both 1887-8
the state of things has now changed.
the twelve months, and at the end of the fiscal year
and 1888-9 the surplus above the year's charges was of was $30,983,323. The company a year ago held quite
fair proportions, while for 1890 it is quite large, and
and materials at $2,206,646,
a large stock of supplies
the
company has begun the paying
of
quarterly divi-
dends of 1 per cent on the preferred shares. We have
prepared the following detailed statement to show the
relation between charges and income for 1890, as compared with the foup years preceding. The items for the
late year are all exact, with the exception of that giving the "other income," or income from investments
and other outside sources, separate from the operation
of the road.
This "other income" is composed of dividends and interest received on stocks and bonds owned
(the dividend on St. Paul & Northern Pacific shares
held being a prominent illustration), of profits realized
on the sale of town lots, &c., outside of the land grant,
of interest on cash balances, and of various other items
and on June 30, 1890, the amount had been further
construcincreased to $2,347,157, with also $13,805 of
Naturally the
supplies on hand.
tion department
a
expansion of the company's operations calls for
greater store of supplies.
Amount OuUtandlnt.
General
1st
(ieneral Sd
mortKaee bond!
mort^a^ bonds
General 3d mort^aK* bonds
Missouri and P. d'Oretlle dWla'n*
Dividend oertlflcate«
Consoliduted mortK^Ke t>ouds
Total.
Preferred stock...
SnpPlleson hand..
Juut»)^W JunsX^ Ju«*>0^ J^!!!^^
.
.
.
THE CHRONICLE.
264
[70L. LI.
TOTAL UEBCHANOISE AND COIN AND BULLION.
sold
reference to the land sales, the company
$1,405,678, and the
•278,322 acres during the year, for
town lots, &c., aggregated
total sales, including
With
For
For the 12
For the 7
Months ended itonths ended
July 31.
July 31.
the
rnonlh of
July.
were $1,471,375, and 1890.— Exports— Domestic .... $67,582,607 $467,107,831 $890,574,016
1,626,035
16,274,071
28,430.658
Foreign
There were on June 30,
$69,208,64 $483,391,902 $919,004,674
Total
of
80,034.077 507,127,467 829.852.355
Imports
1890, 15,581,459 of deferred payments on account
$89,152,319
Excess of exports over imports
land sales, of which $519,876 were applicable to the Excess of Imports over exports $10,825,435 $23,745,565
Cash
$1,913,846.
receipts
receipts in stock 1189,254.
'i
retirement of preferred stock, $2,555,912 to the retirement of Missouri and Pend d'Oreille division bonds
and 12,605,671 to the retirement of general first mort-
gage bonds.
$58,080,550 $463,179,797 $818,963,256
19,927,410
28,938,935
2.081,304
$60,161,854 $483,107,V07 $847,902,191
74,404,816| 480.037,753 $787,675,157
Imports
Excess of Imports over exports $14,242,962
$3,069,454 $60,227,034
ISxcesB of exports over imports
1889.— Exports— Domestic
..
Foreign...
Total
IMPORTS AND EXPORTS FOR JULY.
The Bureau of Statistics has issued its detailed statement of
teh foreign commerce of the country for the month of
July, 1890 and 1889, and for the seven and twelve months
«nding July 31, 1890, and 1889, as follows:
IKFOBTa AND EXPORTS BY PEINCIPAL CCSTOMS DISTHI0T8.
ocbtoms
Jl'LY, 1890.
dis-
tbicts and
Ports.
JmportJ.
7 montht ending
July 31.
Evport*.
7 montht ending
Jultl 31,
1890,
1890,
1889.
t
Baltlmore.Md. 2.140,141 6,037.318
8,778,248
10,377,033
46,003,496
31,978,766
40.881,481
2.732.461
1,944,473
319,230
7,531,269
1,378,537
1,620,451
42,698,301
2,9-9.852
1,850.044
40,922,711
265.682
41,624.8?4
215,303
817,618
3,192.305
761,382
80.J.0^>3
Bojit. A. rliar.
lest'wn.Mass
BuITaloCk.N.Y
Champl'n.N.y
6,7S8.,718
434,,511
SUl.,588
5,481.5««
39.034
200.406
140,593
119.393
817,010
5.660,523
6,944,998
1,4;6,183
1,453,349
Ctnotonstl, O.'
3,031,100
3.809.111
387,398
1,558.373
Detroit, MIcb.
u.sei
12,120
835,270
425,821
859.375
Dulatb, Minn.
255,983
312,331
4,238.838
40.:
877
4,847,223
2,007
tialTeat'n, Tex
459,308
407,571
198
98,790
7»,(
,697
Mllw'kee.Wis.
6!<7,a»9
548,890
953,761
681.580
Bflnn'B'a.Minn
142,,950
259,345
4S.364
fH.Vil
68,671
1,466,026
2.039,808
,800
Mobile. Ala...
2.1
8,720,878
9,349.120 51,180.809 43,3'52,838
807.1802
,678,93s
Orrns.La
KewYork.N.V Sl.Ot'S, 19127;,811,440 321.BC9,5«i 294,694.419 196,132.87' l»3,»49.7(-5
+8,117
2,172,087
2,3S4,093
+21.856
+22.51'3
300,1
,333
Nla«ara.N.Y..
1S5,25'<
5,252,305
117,798
3,718,019
Korf'k.&c.Va.
43
125,124
115,508
224.287
602,281
Oregon. Oreg..
939,746
1,022.639
lO'.i
296,122
1.267.984
,667
815,510
0«irega'le,N.T
302,72'
1,330,207
1,276.570
799.212
286, 372
1.013.038
Oawego.N.Y..
35,147,440 33,149,891 23,010,816 16.815.916
PhllaaeVa, Pa. 5,170. 549 !,775,974
475,98'
827,961
9,327
28.,686
1,885,379
Portld.&c.Me.
2,490,403
SBh,,089
1,933,110
1,688,490
Bt. Lou1b,Mo.^
'31,474
235,349
241,178
28,.800
136,713
312,018
San Diego.Cal.
Ban Fran., Cal. 4.001 .977 i,193,0f7 28.611,204 31,650.090 19.372.826 17.977.754
9,3i>8.724
453.682
189.876
217,0i)l<l
18 700
5,941.361
Barannah, Ga.
221.9.^
548, 712
3,828,584
3.752,220
I,4l8.b0a
Hm2.9;9
yermont. Vt.
i.iou;
588.501
128,081
745,813
1,780.25'
23.
WlUamette.Or
1.962,077
eo,3»s
87,514
33,048
1,613,034
WUml'g'n, N.C
1.026,319
Cfaarlest'n, S.C
'Cbtoago.Ill....
tt2, 491
1.408, 349
22?, 459
248,,074
B,'
,725
Kew
Totals,
dadlng
(In
all
oth'r DUtii.l 77,58!'.013 54.445.O42'4S8.675.80O 464.128.04B 44H.RB1.2.11 413.940,071
Bemalnln/f in warehouse July 31, 1889
Kemainlng in warehouse July 31, 1890
$43,651,08
45,896,673
* Interior porta to which merchandise can be transported wlthou'
Appraisement, under act of June 10, 1880.
+ Incomplete in the absence of law providing the means of collecting
the statistics of exports to adjacent foreign territory by rallroaa care
•nd other land TeUcles.
[From our own correspondent.]
London, Saturday, August
16, 1890.
During the week ended Wednesday night gold amounting
to £1,579,000 was sent into the Bank of England, chiefly from
New York. During the preceding three weeks £985,000 had
been received, making the total receipts in four weeks, £3,564On Thursday a further sum of £385,000 was sent in, thus
000.
raising the total in twenty -nine days to not far short of three
millions sterling. So far, therefore, the policy if the Directors
of the Bank of England in raising their rate o.; discount, first
to 4 per cent and then to 5 per cent, has been fully justified
But even yet the stock held is not very much over 23 millions
sterling, which is a moderate amount considering all the demands that are likely to come upon the Bank before the year
ended.
Naturally such large receipts of gold have powerfully impressed the London market, and the value of money has been
sharply falling during the week. The quotation for three
months' bank bills in the open market is about S}g per cent,
but business has been freely done at 1-16 less. Most people
are expecting that the Directors of the Bank of England will
now begin to borrow so as to lessen the supply in the outside
is
market. It seems clear that for the time being, at all events,
the shipments of gold from New York are at an end. The
Bank of France and the Imperial Bank of Germany will not
part with any, and very little is to be received from other
parts of the Continent, while not much is on the way from
Australia.
On the other hand, it is said that large amounts will probably be sent to the Argentine Republic. " Quite recently the
Provincial Government of Buenos Ayres was paid in bills tliree
Western Railway. It is understood
Government requires to keep half that amount iu
London to meet its obligations, but it is anxious to take a
million and a half sterling in gold. The great financial houses
millions^ sterling for the
MERCHANDISE.
that the
For the
month of
July.
Fm the 7
For the 12
Months ended yfonihe ended
July 31.
July 31.
1890.—Exports-Domestic.
$53,678,093 $440,042,031 $847,560,950
766,949
6,8(9,200
12,454,557
Total
$54,445,042 $446.Sol,231 $8aO,015,.'>07
Imports
77,560,913 488.675,800 795,071,719
Excess of exports over Imports
$64,943,788
Excess of Imports over exports $23,115,871 $41,824,569
Foreign...
1889.—Exports— Domestic
$51,410,971 $406,635,945 $737,74B,8 12
847,248
7,306,126
11,C8>,463
$^2,258,219 $413,942,071 $749,436,305
Imports
786,938, 461,126,046 757,537,945
Ezoess of imports over exports $19,528,719; $50,183,975
$8,101,640
Foreign
Total
GOLD AND StLVEB—COIN AND BULLION.
1890. -Exports— Gk)ld—Dom. «1,656,'.!35 $16,779,502
Foreign
203,794
3,241.351
Total
$11,860,029 $20,020,853
Silver^ Dom
$2,248,279 $10,286,208
Foreign.
655,292
6,223,520
Total
$2,903,571 $16,509,818
Total exports
$14,763,600 $36,530,671
Imports— Gold
$1,187,504
$6,48-<,291
BUver
1,285.660
11,963,376
Total
$2,473,164 $18,451,667
Excess of exports over imports' $12,290,436 $18,079,004
1889.—Exports— Qold—Dom.
Foreign
Total....
Silver— Dom.
Foreign
Total
Total exports
Imports— Gold
BUver
Total
****** Pt exports over Imnnrfa
$4,879,797
40 1,98b
85,281,786
$1,789,782
832,067
$2,621,849
$7,903,635
$856,332
1,761,546
$2,617,878
$5,285,757
$41,902,92 '3
5,198,650
$47,101,579
$14,640,923
7,422.834
$22,063,55
$69,165,136
$5,221,409
10.690,298
$15,911,707
$53,253,429
$20,180,070
3,672,664
$23,852,734
$22,832,096
12,3113,437
$35,136,433
$58,989,167
$13,2f8,514
_21^]J^722
$31,780,236
$24,209,197
$56,04S,419
5,355,800
$61,404,219
$25,167,995
11,893,672
$37,061,667
$98,465,886
$10,794,144
19,343,068
$30,137,212
$68.328,674
interested are using all their influence to prevent the with-
drawal, with what result is not yet known; Meantime on
Thursday the sum of £50,000 in gold was withdrawn for
Buenos Ayres from the Bank of England. There will be from
time to time withdrawals for Egypt, South Africa, Portugal
Spain and India, and it is feared, therefore, that unless the
directors act promptly the gold got from New Yor"k will be
taken away again.
On Monday the price of silver was 51%d per ounce. On the
two following days, however, it fell gradually to 51V^d. per
ounce, but on Thursday it rose again to Sl^^d. per ounce, and
there has since been a further sharp rise to 52,58d. This
market for the time being follows in a general way the lead of
New York. It has no initiative. When New York buys here
the price goes up, when New York stops buying the price goes
down. It is true that India up to last week was buying more
than had been anticipated, but at present the Indian exchanges
are too low to allow of buying at the present quotation.
The activity in the market for silver securities has continued all through the week. Rupee paper has been largely
dealt in. Some time ago a German syndicate was formed to
introduce the security upon the German bourses, but as it failed
to induce English capitalists to join it, it has as yet done
nothing. A movement now is on foot to introduce rupee
paper on the Paris Bourse
About eight years ago a consider.
able
amount was
de Paris
et des
by the Banque
Pays Bas and Other important establishments.
sold there, being introduced
But when the price of silver fell so heavily the original buyseemed to have sold out, and dealings in rupee paper have
ers
;
ACOCST
THE CHRONICLE.
80, 1890.]
not token place for a long time.
There has also been consid-
week in the stocks and shares of Mexican
railways, prompted no doubt chiefly by the rise in silver, but
also by the announcement that Messrs Bleichroder of Berlin
have concluded to contract with the Mexican Government for
a loan of thirty raiUions of dollars, to enable the Glovemment
to compound with the companies by the payment of a lump
Btuu for the subventions to which they are entitled.
The large Rold receipts and the installation of the new government in the Argentine Republic have inspired the Stock
Exchange with a somewhat more hopeful spirit. The telegrams from Buenos Ayres indeed are not quite reassuring. It
is said that iiiiuistcrs have had under consideration the measerable activity this
iu-03
they will adopt
if
265
dockers nor the miners openly took part in the dispute. Trade
meanwhile continues good all over the country.
The reports of all the great English railway companies have
now been issued, and they show that the working expenses
have increased very seriously in the first half of the year. On
the twelve principal lines the gross receipts were larger by
£1,278,000 than in the first half of last year. But the working expenses were higher by £1,191,000. That is to say, the
increase in the working expenses was over 9.3 per cent of the
This is taking all the twelve coavbut in the case of four companies the increase
in working expenses exceeded the increase in the gross reincrease in gross receipts.
panies together
;
ceipts.
Although too much rain is falling, the weather is warmer,
and not very unfavorable for the harvest, and the prospect in
consequence is decidedly better tlxan it was some time age
has for- There is nothing notable in the wheat market.
The following return shows the position of the Bank of
Besides
the internal provinces offer resistance,
reiwrted that the Governor of Cordoba, who is
brother of the ex-President, has called out the militia for to-
and
it
is
morrow.
General Roca, the Minister of the Interior,
and there is some anxiety as to theresult.
reported that the Cabinet has already in consideration the
bidden
this,
England, the Bank
up of several banks of issue, and generally the public compared with the
here is coming to recognize that the change of government
has not put an end to the crisis. Still it ia hoped that the
worst consequences, so far as our own market is concerned, Clrcnlatton
it is
'winding
have been averted.
A little while ago there w'ere very serious fears that some
of the houses connected with the River Plate might be
seriously compromised by what was going on. It is known,
indeed, that they have lost money, and if there had been
serious bank failures and default by provincial and municipal
governments it was possible that some of them might not
have been able to weather the storm. It is believed now,
however, that the great houses which have been instrumental
in bringing out Argentine issues of all kinds in this market
have combined together to support the weaker houses concerned, and that, therefore, whatever may happen, no serious
failures will be allowed. It is also hoped that some arrangement will be made with the National Government wliich will
enable the great houses to pay the interest on the national
debt until the country is in a position to remit funds for the
purpose. And the sale of the Western Railway it is thought
will enable the provincial
September
1800.
keep faith with
its
government of Buenos Ayres
to
creditors.
hopes are realized our market may probably be
spared a great shock. At all events the most prevalent opinion just now is that it will be, and therefore there is imdoubtedly a better feeUng upon the Stock Exchange. During
the week there has been a general recovery in prices, but that
does not indicate a very great increase of activity, except, indeed, in South African gold and land shares, in which there
has been a sudden and quite remarkable revival. For nearly
a year now they have been neglected, and for the last five or
six months prices have been dwindling away.
All at once,
however, buying from South Africa began. It was followed
If all these
1S89,
Axtj. 13.
1887.
1888.
Axk;. 1 J.
Aug. XT.
25,251,610
25,003,395
26.084,165
3,817,573
28,180.591
3,114,783
24,633,053
17,582,223
20,482,310
15,887,396
18,884.547
11.893,885
20.915,495
19,050.8t4
3
3
Aug. U.
£
25.221,585
2.788,'Ha
Public deposits
other deposits
Indian corn
Flour
rate of discount, the price of consols, &c,,
last three years :
28,759,613
14,674,912
21,88S,S24
13.315,640
22,087,225
41 15-16
QuTerQinent securitieB
other securities
RessTTe
C!om and bullion
Prop, assets to liabilities. per ct.
Bank rate
per ct.
5
Consols
06 6-16
132,729,000
Clearins-House returns
3,861,301»
23,727,867
15,195,424
16,990,38»
11,630,86»
20,815,041
415<
n.147,549
•49H
981-16
3
99M
154,309,000
121,242,000
143,087,000
The following shows the imports of cereal produce into thet
United Kingdom during the first forty-nine weeks of the
season compared with previous seasons:
lUFOBTS.
1889-90.
1888-89.
1887-88.
1886-87.
cwt 54,215,955 50,216,111 46,C60.(>21 50,849. 44S
14,092,732 18,12rt,«02 18,599,0S2 15,777,004
12,055,824 15,867,505 17,183,286 13,204,094
2,222,487
2,871,335
1,711,223
2,412,558
2,''.09,160
2,907,393
2,434,687
3,338,100
40,512,086 30,582,573 2.3,135,819 29,261,768
15,863,641 13,566,215 17,408,793 15,904,35(>
Wheat
Barley
Gate
Peas
Beans
Supplies available for consumption (exclusive of stocks
on
1):
1889-90.
Import80fwheat.c-wt.54,215,955
15,863,641
Imports of flour
6al08 of home-grown. 43,974,343
1886-87.
50.849.445
15.904,350
30,886,963
114,053,939 104,608,276 100,905,265
Total
1887-88.
1888-89.
56,216,111 46,660.024
13,566,245 17,408.798
34,825,920 36,83.>,843
97,640,75»
1889-90.
Aver, price wheat week.36e, 3d
Av. price wheat season. 309 lOd.
1888-89.
303. lid.
308. 9d.
34s.
308.
1886-87.
1887-88.
33s.
33s.
3d.
Id.
flour
and
6d.
7d.
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
This week.
Wheat
qrs. 2,063,000
Flour, equal to qrs.
MaUe
qrs.
185,000
802,000
Last week.
2,013,000
184,000
777.000
1889.
1,666.000
208,000
581.000
1888.
1,756,000
152,000
389,000
EasIIsb Financial markets— Per Cable.
by buying from the Continent, and now London seems to have
The daily closing quotations for securities, &c., at London,
joined in the movement. The reason assigned is that the are reported by cable as follows for the week ending
crushings for July were the best of any month yet, that sev- August 29:
companies are now at last in a position to begin
working, and that the worst of the winter season is over
that shareholders on the spot have busied themselves
to remove dishonest and incompetent directors, and that
measures are being taken everywhere to ensure in future better management.
International securities are firm, and there
has been a general recovery in British railway stocks.
The strike in South Wales did not extend beyond the railway men. Three local railways connect the coalfields with
Cardiff, and the railway employees, discontented with their
position, have been negotiating for months past for an improvement. Gradually the questions at issue were narrowed
to one respecting the hours of labor. The men asked that the
week should not exceed sixty hours, that each week should be
counted separately, and that the men should be guaranteed,
whether they work or not, provided they held themselves at
eral other
the disposal of the companies, the pay for the full sixty hours.
The directors offered to guarantee a lunar month of 240 hours,
but the men refused on the ground that this would allow of
excessive over-work in one
another.
Negotiations were
London.
Sat.
Ifon.
Tjies.
Wed.
54
53%
53%
106 >a
106%
127%
Thtira.
lYi.
5419
541a
96^,6
067,4
96%
Con80l9,ncw.2% percts. 967ia 96',, 967,,
96i«
9638
907,,
96%
do lor account
961a
96'a
Fr'ch rents (in Paris) fr. 94-57ia 94-7212 94-67ia W62ia 94-6- la 94-60
Silver, per oz
d 54^4
U. S. 4'<iS of 1891
U.S. 48 of 1907
.127%
1106^
Canadian Pacific
85 >4
72?»
Chic. Mil. & 8t. Paul..
niiunia Central
1114'a
Luke .Shore
ilOS^a
Louisville A Nashville.. 8979
..I
Mexican Central 48
77'a
N. Y. Central* Hudson. 108%
N. Y. Lake Erie & WcBt'u 2638
do
2d cons
105 <«
Norfolk & Western, fref
Northern Pacific, prcf.
Pennsvlvania
Pliil!iaVli>liia& Reading.
64'8
83'8
Union Pacific
Wahaah, pref
6II4
.
. .
54%
21%
106%
106%
I28I4
85 '8
7378
I28I4
8559
115
11014
91 14
115
II514
110%
110%
9139
771a
9138
7314
911a
781*
108 14
109%
109%
103%
109%
2638
I0514
641a
8339
5458
211a
27 19
1051a
659s
105%
127%
85
85 '8
721a
73!'8
114%
10314
891a
7714
77%
84
54%
61
22
62
301a
31
3214
37
65%
84%
5478
2178
6239
3214
74
26%
105%
6588
841a
54%
21%
106%
1281*
85la
r3'8
115U
110%
27
105%
65%
85
54%
631s
21^8
6339
32 14
33
©ommevclal und ||HscelIatte0tts %ew8
National Banks.
—The
recently been organized
following national banks
have
:
week and practical idleness in 4,400—The National Bank of Monmouth, Ulinols. Capital, $100,000
Henry Tubbs, President; Wm. B. Younit, Cashier.
resumed and have fortunately
Capiof Tcxarkana. Arkansas
been successful, the sixty hours' week being conceded. The 4,401 -The Gat« City National Bank
tal. $50,000. J. G. Kclcs. President: R. C. Carman. CashlM.
City. Oklahoma Ter.
4,402—The First National Bank of Oklahoma
strike on these three raUways for the time
stopped work at
Capital, $50,000. G. T. Eeyuolds, President; J. C. Boyle,
the coUieries, where about a hundred thousand
men are em4,403—The Astoria National Bank. Astoria. Ores^ra. Capital; $50,000.
ployed, and also suspended work at the docks; but neither
the
C. T. Edee, President; A. B. Edee, Cashier.
.
.
.
—
:
.
-=.'lHE^3CHRON)CLR
266
BaS'o^nriubnrn
^3 628, loc.Uf^in^ho
The Ca?^%"i.io';m'lIts title to the Carson
town of Aiihiirn, Nebraskn. has this day changefl
of Mou^?-',irV":Sa,c^''xUtenoe of the Monmonth National Ban| If
90, uy
18,
moutli, Illinois (1,706), expired at close of business Aug.
limitation.
Imports and Exports fob the Week.—The
show
week, compared with those of the preceding week,
merchandise.
an increase in both dry poods and in general
the
Tlie total imports were $9,296,004, agamst $7,596,812
The
preceding week and $12,392,889 two weeks previous.
$4,603,5o4,
exports for the week ended Aug. 26 amounted to
previous.
against $6,262,517 la8tweekand$5,871,389 two weeks
imports of last
New York
week
for the
Tlie following are the imports at
(for
ending (for dry goods) Aug. 31 and for the week endmg
general mercliandise) Aug. 22; also totals smce the begmning
of the first week in January.
FOBBIQH IMPORTS AT
[Vol. LI.
>ew ¥ork City Bank Statement
4,404-TheBcU county KaHonalB^^^^^^
SEW
YORK.
U 90,
23,
1888.
1887.
For We*k.
1889.
^90^
Banks.
$2,561,458
6,734.546
$8,725,943
Total
Sinrf Jan.
$3,283,274
5,743,774
$7,615,285
$9,027,048
$9,296,004
1
Dry Goods
Oen'lmer'dise.
$87,222,692
221,582,140
$83,058,708
228,390,203
$90,987,719 $104,1 34,289
240,393,112 250,614,520
la our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
q>ecie) from the port of Ne<r York to foreign ports for the
week ending Aug. 26 and from January 1 to date
EXPORTS FROM MEVT TORK FOR THE WEEK.
For the week...
Prev. reported
$5,232,212
183,739,856
$6,598,965
194,353,317
1890
1889.
1888.
1887.
$7,250,568
215,180,777
$4,603,554
210,279,370
Total 34 weeks. $200,952,282 $189,072,068 $222,431,345 $214,882,924
shows the exports and imports of specie
at the port of New York for the week ending Aug. 33 and
nee January 1, 1890, and for the corresponding periods in
1889 and 1888:
EXPORTS AVD IMPORTS OF SPECIE AT MEW TORK.
The following
table
imports.
Exports.
Wtek.
Since Jan. 1.
Wefl:
Single
Jan.
1.
Bank of New York... 2,000,0
2.060,0
Manhattan Co
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
Merchants'
Mechanics'
America
Phenix
City
750,0
300,0
600,0
1,000,0
300,0
200,0
200,0
600,0
300,0
Tradesmen's:
Chemical
Merchants' Kxchange
Gallatin National
Butchers' * Drovers'
Mechanics'
<fe
Traders
Greenwich
Leamei Manufact'rs.
Seventh National
State of
New York....
1,200,0
6,000,0
6,000,0
1,000,0
1,000,0
American Exchange..
Commerce
Broadway
422,7
1,600,0
Chatham
460,0
200,0
700,0
1,000,0
600,0
600,0
600.0
780,0
600,0
600,0
1,000,0
Peoples'
North America
Hanover.......
Irving
Citize
8'
Nas.sau
A Fulton
Nicholas
& Leather
Market
Shoe
Com Exchange
1,000.0
Continental
Oriental
Importers'
300,0
.
4 Traders'
l,B0O,r.
Park
North River
Ea!*t River
Fourth National
2,000,0
240,0
260,0
3,200,0
2,000,0
Central National
Second National
.Ninth National
First National
Third National
N. Y. ^ at'l Exchange
$15,214 $11,059,883
710,200
2,772,835
18,804
2,386,392
3,600
West Indies
Mexico
South America
$157,206
"5,268
1,306,431
128,191
other countries..
Total 1890
Total 1889
Total 1888
2,365
$164,833 $5,816,957
a2,S4« •4,660,040
29,113
4,587,856
$34,018 $18,367,532
46,257,854
29;554 18,739,012
Imports.
Exports.
Silver.
Week.
Great Britain
France
\SinceJan.l.
Week.
$49,475 $12,11.5,613
287,175
$1,467,906
1,351
Germany
West Indies
Mexico
South America
$228,859
18,196
"354,702
4,074
7,390
355,044
188,163
708,769
$253,519
16,692
44,200
37,538
22,612
347,794
178,976
$3,886,210
962,093
1,251,364
Ail other countries..
Total 1890.
Total 1889.
Total 1888.
$228,451 $12,810,732
.335,500
148,407
Swiee Jan.\.
12,839,421
7,660,575
810,275
—
Anction Sales. The following were recently sold at auction
by Messrs. Adrian H. Muller & Son
:
Bonds.
Shares.
10 Bowery Bank
305^ $2,000 Kan.& Pac.RR.con. 1st
20 Madison Square Bank... 100
6s, 1927, M. &N
11378
10 Home Insurance Co
150
$10,000 C0I.& Ea8t.KE. 1 st 6s,
45 Imp. & Traders' Nat. Bk.575
8. f., g. b., 1913, Jan., 1885,
5 living Nat. B.ank
111 Mechanics' Nat. Bank
100 H.
B. Claflin Co.,
202^4
. .
com
.215^4
log's
coui>6n3 on
3
$20,000 WaT?atch & Jord. Val.
RR. bonds Nov., 'SO.coup.on. $61
BANKS.
Bid.
219
Am. Excb...
IIIO
AaboTT Park
Bowery
iW
Broadway...
Bntoba'AUr. ISO
Oantnl
Ohase
187
275
360
4700.
Otthiene'
600
17»
:tiio
SoMeree"
Oantmental 14-?
Com Exoh... ne
Deposit....
110
But River.. 166
lltb WanL.. ICO
»gttAT»... 1200
BANbS.
Ask
IVi
70
»I2
300
189
142
125
310
!<46
360
Hanover
Hud. Klver.
160
680
BOOO Irving...
202
leather Mf»' 266
IHO
Lincoln
225
Madison Sq.. 100
216
Mauhattau... 187
119
MarketA Pnl 234
266
Meclianics'.. 216
M'chs'&Trs', 285
Mercantile... 21s
Im.
-.2000
110
4tk8u;Mt.. 170
oortb
174
Ask.
300
400
German Am. 120
German Ex. 300
Germauia
270
Greenwich.. 146
^00
WmW.'ai.
Bid.
prices this week.
9»ll»Un
Qarflom
\K
I
Merchants'.. 137
Meiclrts Ex. V16
Metropolitan
.
8
Metropolis... ..«u
326
.
BANKS.
New York...
I
N.Y. Ooanty.
N.Y.NatEi.
Ninth
N. America..
North River.
Oriental
Paclflo
A Trad'8'
V26"' !Mt. Morris ..390
Murray Hill. 280
17fl
Nassau
1156
i
1,8(19,91
8,20?.!)
12,001.3
4.807,0
2,331.3
9.764,5
1,882,2
60,0i
6,289.4 22,454,0
3,2H6,t
125,6
4.887,0
1,602.81
287,5
1,910,2
2,760,0
237,8
1.275,7
117,0
3,109,6
682,6
1,365.6
74,6
3,530,7
448,2
1,898,8 '.7,024,0
8,227,4 18,733,6
6,615,8
1,589,7
7,829.5
865,2
364,S
2,955,4
921,7 10,869.0
5.543,7
674,0
2,432,2
286,1
644.1
4,488,6
1,459,5 1?,844.2
3,015,0
273,2
2,698,4
397,5
2,811,8
208,6
4,251,1
697,1
121,1
1,843,8
2,435,0
250.1
6,654.6
1,152,5
4,342,1
307.0
2,18l',0
38B.1
4,680,5 20,228,8
2,416,6 l9,17i,6|
2,161,9,
122,2
1,210,3
lS3,e
1,542,0 17,379,!<I
2,013.6
633,2!
.
Avenue
German Exchange..
Fifth
Germania
Onited States
Lincoln
Garfield
Fifth National
Bank of the Metrop...
West Side
Western NationHl
Park
People's
262
10*5
192
240
220
290
Pheuix
Pioduce Ex.
Republic
Seaboard
Second
Seventh
BhoeALeath.
St.
165
130
9
Bid
Ask
242
575
139
158
195
150
220
170
820
250
250
141
112
190
145
116
Nicholas. 122
Third
Tradesmen's.
lUnlt'dSUtes
Western..
West Side
108
10;
200
106'a 109
ISO
1,548,0
1,302,9
926,1
1,317,1
4,ll7,0l
640,0
316,0
400.6
23S.0
612,6
99,0
817.0
143.2
205,3
36,4
198.6
1,031,0
l,7'i",7
269,1
815,2
188,1
134,C
314,4
195,5
374.2
678.3
174.3
129,2
335,4
149.3
111,1
36.^0
213,0
•2l,.'586,0
439.7
417,9
258,4
85 6. t
778,9
446,3
418,8
493.8
276,8
324,3
294,4
538,7
233,8
154,7
888,1
179,6
732,8
4,191,9
1,477.8
2,638,0
2,778,5
2,718,9
9,83i,8
4,427,2
2, "42.6
2,776.2
4,360,0
3,539,8
3,303.8
1,781,0
3,901.0
2,115,7
3,310,0
1,441,0
9,979,7
8,911,0
l,i'7H,0
1,120,4
93,6
144.6
14,7'27,7
769,8
213,5
1,164,0
2,017,4
117,6
37,4
1,268,7
826,0
118.0
305,0
569,3
640,0
79,0
127.0
153,3
102,7
776,2
4,070,6
4»l,7
283,2
510,0
630,0
381,9
149.1
10,650,0
8,391.0
7,023,8
6,401,0
10,850,7
4,266.0
9.459,1
1,891,1
24.892.0
3,701.4
3,676,6
1,691,8
3,036,0
1,196,4
2,593,8
1,508,6
2,639,8
13.034,0
12,443,9
4,616,8
8,281,8
2.958,8
11,084,8
5,703,5
3.067,8
4,451,1
1,300.0
338.2
319,1
78,3
37 2.0
103,7
1,106.0
3.324,9
246,6
«.60P,0
300,0
Capital a
Surplus.
1. York.'
July 26.... 121,339,2
Aug. 2.... 120,799,8
"
9.... 120,799,8
"
16.... 12(1,799,8
««
23
120,799,8
Boatoii!*'
Aug. 9.... 64,636,4
"
16.... 64,685,4
"
23.... 61,635,4
rhiln.*
Aug. 9...
••
16 ...
Loans.
SpeeU.
»
1,008,9
127,0
577,4
286,5
52,6
351,3;
933,2
771,6
468,5
263,1
{
247,3;
287,91
220.11
4.30,3
971,6
315,6
662,0
200,0
404,0
77,0
297,8
150,5
1,626,9
1,002,3
Depotits.^
«
400,030.3
401,560.9
406,139,5
402,163.9
397,672,3
Lr^ais.
s
,891,5
76,649,9 32,726,1 408,:
8O.3»7,6!32,670,9 415, 915.8
73.496,0129,764,3,101. J03,2
70.813,2l28,3T8.I1399, 608.1
68,621,1 26,264,2 339, 553,1
2,938.0
2,664,6
3,296,5
4,221.3
1,742.2
2.965,0
6,738,1
4,62 :i,8
1.970,1
19,860.0
22.113,7
2,122,1
1,031,1
18,900,5
7,206.0
4,859,0
6,343,2
20,073,7
4,017,0
1,410.8
2,639.0
3,010,0
2.302,9
11,128,3
4.826,3
3,278.9
3,115,1
4,938,0
4,051,9
3,598,1
2,101,7
4,530,0
2,142,7
4,308,0
1,192,0
8,217,9
4.068,0
OiTc^n OUarints.
9
3.306,2 587 762.3
3,623,4 612 ,301,1
3,614, a 8B6, 109,1
3,629,1690, 003,8
3,652,7 717, 116,7
9.013,0 4,223,6 128, 792.«l3,217.0 93, 312,8
9021,ll 4,316,6 128,,153 8,3,22; 9, 86,,460,0
9,446,3 4,483,7 127,,074,5 3,222,6 93,,825,3
156,.'S97,0
153,833,0
153,268,0
064.0'2,133.0 63,197,3
2.'5,077,0
99,012.0
946,0 2.130,0 63,111,8
23,9f.7,0
98,899,0
6i>,6l5j
5!36j,'0, 2,131.6
23,347,0
99,021,0
• Ws ojnit two cip1\er» \n a:u. tluae tivartt,
Including, for Boston and PJiiia
t
'•
delphia, the Item
due to other bi
r banks."
"
23....
35,793,7
33,793,7
35,793,7
I
City Railroad Secnrities -Brokers' Quotations.
Atlantic Av., B'klyn. St'k. 130
Gen. M.,6s, 1909...A&O 105
Bl'okerSt. A Ful. K-Stk. 26
l8tmort..7s., 190(^..J&J 113
,Dry Dock B. B'y & B.—
F4A 100
8crlp6»
190
iBlKhthAv.— stock.
ElghthAv.— Scrin,6s,1914 105
135
107
27
116
215
106
105
103
93
175
106
110
ar-dway t 7thAv.— St'k..
1st mort.. 5s, 1904 .J*D
2d mort 58, 1914.. .J&J
'24
s'way 1st, 6s, gu
200
104
103
101
2n(l 6s, int. as rent., '05.
92
•Irooklyn City— Stock
170
1st mort., 5s, 1902 .J&J 106
B'klynirojst'n6s., 1908 108
,
Central Crosstown— st'k. 155
1st mort., 68,1922. M,SN 119
Oent. Pk.N.A E.Riv.— 8tk. 120
Consols. 7s, 1902 ...J&D 117
Jry Dk.E.B.& Bat'y— Htk. 140
Isl mort., 7s, 189S..J&D 102
102
I
&
Gr'nd St. F'ry— Stk. 240
108
Ist mort., 7s, 1893.
42(lSt. Manh.i St.N.Ave.' 42
112
l8t mort., 6s, 1910..
42d
I
2(1
AAO
M&S
M„incomo,6s,...Jifeli 57
1109"
230
141"
I
115
62
H0U8tW.St.<SP.F'y—Stk. 200
109
110
112
123
107
260
106
270
110
230
106
107
Ist mort., 78, 18'J4.,J&J 109
Ninth Ave
Second Ave.— Stock
122
122
120
113
107
let mort., 5s,
J09
120
105
260
1910.M&N
Sixth Ave.— Stock
li90..J&J
Third Ave.-Stock.
IstM., 5s, 1937. ... J*J
Twenty-third St.— Stock..
Ist mort.. 7s. 1893
105
1st mort., 78,
260
N. Y. and Brooklyn Gas Secnrities— Brokers' Quotations.
Bid. A«k
GAS COMPANIES.
Bid. Ask.
GAS COMPANIES.
,
,
1
1
|
I
123
Citizens' Gas-Light
Bonds, 5s
IPeople's (Brooklyn!.
92>a Williamsburg
~
103
Bonds, 68 "
_.
97 "a Metropolitan (Brooklyn).
Municipal— Bonds, 78
Fulton Municipal
125
Bonds, 63
102
Equitable
Bonds, 6s
.
I
—
V.)
Bonds, 6s
Sute of N.Y. 114
Dtpositi.
60,812.7 59.987,1 .S97,672.3'68,621,l 26,254,2 389,553,1
Total
BAKES.
MntuicN.
ICO
326
110
160
274,0
610,6
301,3
292,9
3,314,9
Consolidated Gas
Jersey City A Hoboken..
Metropolitan Bonds
830
1,930,0
1,330,0
1,684,8
1.479,0
1,982,7
»93,0
1,808,1
335,8
6,521,0
611,8
524,0
318.6
126.0
131,9
460,1
312,5
338,9
2,178,3
806,9
261,3
439,2
3,523,9
489,2
482,8
258,1
761,6
181,8
414,"
857,2
297,5
129,0
3.924.0
4,090,8
146.3
197,3
2,893.6
6,717,0; 1,042,0
,
Bank Stock List—Latest
America
11,510,0
9,406.0
6.812,5
260,0
200,0
760,0
600,0
100,0
200,0
200,0
600,0
300,0
200,0
160,0
300,0
200,0
600.0
200,0
Chase National
2,.')05,288
892,969
1,668.764
13,392
121,124
448,574
«
1,000,0
300,0
Bowery
New York County..
German. American
$161,846
•
Leialt.
t
1.659,81
1,419,4
844,9!
300,0
760,0
600,0
First National, B'klyn
Great Britain
IVance
Sptcie.
»
Seaboard
Sixth National
Gold.
in all eases
I
St.
Total 34 weeks. $311,448,911 $308,804,832 $331,330,831:$354,748.809
(00)
Loans.
avTpltu.
t
Republic
$2,445,940
5,169,345
week ending Aug.
ciphers
*
Oapitat.
Pacific
$2,946,661
5,779,282
J>ry Goods
Oen'lmer'dlse..
for the
We omit two
aa follows.
is
Mercantile
11
—
.
.
Nassau (Brooklyn)
98
131
108
108
iioo
112
lUO
126
108
1145
1106
I
110
J30
112
Scrip
SattUtug aud ffluauctal
Spencer Tkask &
Co.,
BANKBKS,
Nob. 16 and IS Broad Street, New York City.
ALBANY, N. Y.: SARATOGA, N. Y: PROVIDENCE, R.
TRANSACT A OENERAI. B.ANKINCi BVSINBSS.
I.:
All classes of Securities Bought and Sold on Commission. 8peol»l
attention given to nvestment Securities. Direct wire to each olHca
and t» Fhibdelphia Soaton and ChicaKo.
,
;
.
AUOOST
THE CHRONICLK
IWW.J
80,
.
3r,hc iBankjers'
Under the circular of August 21 the 4J^ per ceuta havu been
Jmrchased by the Secretary of the Treasury to a total of
©axettc,
lUvlilciuU
Same of
Imvc
reociitly
Ptr
Cnrnpanif.
Cent.
Wlien
liable.
Rnllroad*.
Bi>stoii &
Di'liiwari"
Allmiiv
&
Fort Wiiyiic
Northern
2
((lUiir.)
aiKlson
A-
1%
diiinr.)
Jiu'ksoii
Ptti'lfli- pr^'f- *<J>>i»'-)
WAl-l-
—
]
I
2\
^
Sept.
Sept.
Sept.
Oct.
30 AUK. 31
4Mi>«rOmUdiMl8n.
1.5
10
t Fir
qf«Hn«a. PureVM. Prteu rata.
••
-M. l!S»«-3 P.
In Friday's
nishe<l us
to
W to Sept.
15 Sept. 13 U< 0<t.
STKEKT. FRIDAY. AtOU»T
by the Treasury Department.
purohases at St. Louia are wanting.
Books Oloted,
melutive)
{D'lyt
15 Aug.
2
Friday.
last
The price paid is equivalent to 10.5?^.
The daily purchases this week by the Secretary of the
Tre.Tsury are shown in the following statement kindly fur-
hoen announoed
I'. I
accepted
in,059,350, this including ^2,708,790
niVIDKNDBi
ThB followtoR
267
Bl.
The Monoy Market and Financial Situation.— At the date of
our report last week the market was hanging mainly on two
contingencies— Hrst, the turn of the money market in the next
few days, and, set-ondly, the outcome of the meeting in Terre
Haute of the Federation of railway employes. Both events
have resulteti favorably money has relaxed under the considerable inirohases of bonds by the Treasury, while the Terre
Haute meeting gave Mr. Powderly only their sympathy and
moral support, but refused to order a general strike. These
matters cleare<l up the financial atmosphere very greatly, and
«»..
«,Ma880 S.SM.'W)
••
»>..
a,Bi«.soo
a.si2.aco
lOftM
••
87..
a.6ae,8So' 2.521.t>50
••
98..
S>I2.B50 SJili.biO
SB..
8,5B3.iSa<
a.ftse.'jso
lOSM
lOHi
106H
16.1fl6.VW0 15,l«5.fl00
OmU tnu \vn.
OftrUif. PureVM. Priut v<M4'
lOSM
lo»N
lU.TOO
194
1.4tO
IM
^loew
AuKuat
I
total the
'•
Total.
The
tI,3iw,2(M |I.3I)«,S00
za.
.
..
closing prices at the N. Y.
l»,700
.
I,4M
..
..
•,100
IM
6.100
....
....
IM
I^nsso
IM.9M
Board have been as follows
:
;
the feeling this week is decidedly stronger.
There are also evidences of more animation in corporation
aifairs in the way of fresh combinations now under way.
Chief among these comes the American Cotton Oil transaction, by which a leading banking house becomes identified
with the financial management of the company, and new
capital goes into the concern through an 8 per cent loan of
$4,000,000. Then there are the pending negotiations for the comCharleston by the East Tennessee
plete control of Memphis
and rumors of a pro8|)ective control of Louisville New Albany
& Chicago bv the same company. These "deals" are not all
consummated as yet, but they are important moves on the
railroad chess board, and they affect a number of stocks more
or less prominent at the Stock Exchange.
The fall will open with fair prospects for the stock market,
The feeling in London is
if money remains tolerably easy.
eo much better than a few weeks ago that it looks very much
as if our low prices here would stimulate their purchases of
both stocks and bonds, while any further gold exports are
considered as without the limit of probability.
&
Mr.
Morgan returned from Europe on Thursday,
no doubt bring back to the city many of
prominently identified with railroads and the
J. Pierix)nt
and September
those
who
will
are
Stock Exchange.
The open market rates for call loans during the week on
Stock and bond collaterals have ranged from 2 to lH p|er cent,
Prime commercial paper
with 6 Iter cent as a fair average.
6@6i^p. c.
is quoted at
Tlie Bank of England weekly statement on Thursday showed
an increase in specie of £13,000, and the percentage of reserve
to liabilities was 45'17, against 43'70 last week; thediscount rate
remains unchanged at 4 per cent. The Bank of France lost
8,050,000 francs in gold and 1,800,000 francs in silver.
The New York Clearing House banks in their statement of
Aug. 23 showed a decrease in the surplus reserve of $1,857,350,
there being a deficit below the required reserve of $2,513,975
against a deficit of $655,725 the previous week.
1
'
1890.
'
August 23.
Differen't/rom:
Free. week.
\
1889.
1888.
Aufput 24
Augiut 25.
Aug.
23
Intereel
Periodt
Aug.
25.
\
Aug.
Aug.
Aug.
2«.
27.
28.
1
'lOlU 104>4 -I0414
4i4», 1891.. ....reK.,<a.-Mch. 104
..coup. tt.-Mch. 105 •105H; 105 ».» •105'4
4iss. 1891.
1*125
125'>.*12.5JV
125
reg. (J. -Jan
48, 1907
12533 Vir>\
..coup.lU.-Jan. 125 ,'125
4s, 1007
113>a*lll
6s, our'cy,'95 ...reg. .J. A J. 113»s*113>9
'116
116 *116i«
68, cur'cy,'96 ...reg. 'J. & J, *116
'118«4*119
6s, cur'c.v,'97 ...reg. 'J. & J. •118'9*118'a
*120i9*120'« 1201^*121
J- J,
. .reg. J.
6s, cur'cr,'98
.
I
I
,
.
6s, cur'jy,'99 ...reg. J.
St,
J, l*l-23»a •1231-j
123>s*124
I
Aug,
29.
104 "a 104
105
105
125% 1353^
125% 125>9
114
114
H6>a 118>9
119
119
121
122
VZ\
124'a
monuug board no tcUt was made.
State and Railroad Bonds.— State bonds, though scarcely
dealt in during the week, are more generally quoted, and
Some of the prominent issues are
at somewhat better prices.
•
This
is
the price bid at the
;
as follows: Louisiana 4s, 89 bid, 93 asked; North Carolina
consol. 4s, 97 bid, 100 asked; South Carolina Brown consols, 99
bid, 101 asked. The sales at the Board were: North Carolina
special tax, $1,000 at 7; Tennessee settlement 68, $1,000 at 107;
Tennessee new settlement Ss, $10,800 at 73)^; Virginia 68,
deferred trust receipts, $70,000 at 9.
Railroad bonds have been in somewhat better request, and
many issues, particularly those lowered by the recent drop in
stocks, have gained ground, Erie 2d consols rising from 101%
to 1031^, Reading 4s from 805^ to 82, Iron Mountain .5s from
93 to 95. Denver & Rio Gran<le 4s, as well as the company's
preferred stock, have been benefitted by the increase of earnings. They sell to-day at 9i%. For a similar reason Columbus
Toledo 5s. which were 85 bid last Friday,
Hocking Valley
Chicago
have sold to-day at 88. Louisville New Albany
consol. 6s (presumably on rumors of 'the possible purchase of
the road by the East Tennessee) have advanced from 101 ^^
asked to 1031^. at which a sale took place to-day. The Colorado Midland new 4s jumped from 66i^ to 68}^ yesterday
&
&
and close at 69.
Railroad and Miscellaneous Stocks. Renewed confidence
as regards the money market and the dwindling of the N.
Y. Central strike, to say nothing of good reports of earnings
and purchases by foreign investors, have been the means of
restoring the equanimity of the stock market. Prices, however, have been held a little in check by the fear of a temporary stringency in the money market about the first of SeptemThe Vanderbilt stocks nevertheless have made a good
ber.
step toward recovering what they lost by the strike. From
—
week New York Central has gained 3
Big Four common 5%, Lake Shore 4J^, Northwest 3>^.
Union Pac. has been largely dealt in (relatively speaking), and
Atchison is reported
closes at .61%, against 59i>^ last week.
to have been bought quite extensively on orders from London.
The coal stocks are a little slow to recover. Lackawanna,
Delaware & Hudson and Reading being close to last week's
prices.
In the so-called specialtieis Denver & Rio Grande has
again been conspicuous, closing at 603^. Ohio & Mississippi
has advanced from 33i^ bid to 37^4, the highest price this
year, closing at 36^^ bid, 27 asked. Citizens' Gas has touched
921^ and Columbus Hocking Valley & Toledo closes at ^\%,
or 2^ points above last week's closing, on the handsome exhibit of net earnings for June and the six months, as shown in
the Chronicle last week.
Sugar certificates have fluctuated on contradictoi^ rumors,
and the last sale to-day was at 78%, contrasting with 77?^ last
week. An advance in the price of lead is said to account for
the strength of Lead certificates. Cotton Oil Trust receipts
have declined from 361-^ to 33, making a total decline of
about 7 ix)ints in three weeks. The report that the company
will issue §4,000,000 of 8 per cent bonds has, doubtless, much
They close at 34.
to do with this drop.
The market to-day for both stocks and bonds has been dull
the lowest of last
I
I
Capital
..
SnrpUia
Loan" and
..
60, 812, 700
.'>9, 987, 100
disc' t»397, B72, 300
Ciroilatlon
Net deposits
Bpecio
Letfal tenders..
..
..
..
..
Reiierve held.. ..
Legal re.serve.. ..
Bnrplns reserve
.
3, 652,,700
3«i», 553,,100
68, 621.,100
26, 2.54,,200
94,,875,,300
97,,388,,275
..
60, 782,700 60, 762,700
..
.
54. 630.100 49. 666,600
600 412. 488,900 3S8. 749,600
Dec. 4,491,
Inc
7,,816,200
23, 300
3, ,870.200!
Doc. 9,955. 000 422. 794,000 412. 563,500
Dec. 2,2-22, 100 67. 605,500 87 ,201,900
Dec. 2,123. 900 40. 159,000 36. 94-.!,400
Dec 4,346. 000 107, 764,500124. 144,300
Dec ,2,488, 750 105, 693,500 103. 140.875
I
Df2,512.975 Dcc.l, 857.250
2,066.000
21.003,425
—
Foreign Exchange. There having been pretty free offerings
of cotton and other bills, sterling exchange has weakened,
and the posted rates, which last week were 4 83J'2 and 4 86)^'3
4 87ii,have been reduced to 4 82i^@4 83 and 4 86@4 86i^.
Actual rates are: Bankers' 60 days' sterling, 4 81J!^@4 82; demand, 4 851^^4 85^^; cables, 4 Bo%(§A 86.
The post^ rates of leading bankers for foreign exchange
are as tollows:
Demand.
Silly Day».
Angiiel 29.
Prime bankers' sterling billsoaLondon.. 4 S2'a94 83 4 86 34 86>3
Prime commcrclaV
4 80%«4 81
Dociimcutary commercial
4 BO'S «4 80?(
Paris (francs)
5 22»a»5 2178 5 19*(»5 ISM
40i9(r40<,,
Amsterdam (guilders)
39i»i,»40
95ie»95i4
Ttanktort or Bremen (rolchniarks).
9ih^Si^
I
I
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
1^ discount, selling par..^ 1^ premium; New Orleans, commercial, $l(g50c. discount: bank, 50c. premium; Charleston, buying par, selling 1-16 discokmt; St. Loms, 70c. per $1,000 discount; Chicago, 80c. per $1,000 discount.
—
United States Bonds. The large purchases by the Secretary of the Treasury have occasioned a further advance of
prices, and to-day the 4s, though slightly lower than earlier in
the week, are quoted bid li^ points higher than a week ago.
points.
'
but strong.
Tlie Secretary of the Treasury has purchased this week
under the silver law 1,386,000 ounces of silver at prices ranging from $1-19 to 81-19%. The purchases took place as follows:
On Mondav,
4.50,0(10
(811-1975 on
$l-19(a$l-19'4
;
ounces (out of 1,020.000
offered), at $1-195
Wednesday, 578,000 (out of 1,911,000 offered) at
today, 358,000 (out of 1,858,000 offered), at
;
$l-19i^'9$1193^.
The sales of silver certificates at the Stock Exchange have
aggregated for the week 3,138,000 ounces, at prices ranging
from 118<gll93,^, the last sales being at 11914. The stock
of bulliDU reported on hand by the Stock Exchange to-day
7,''.80,
7,585,380 ounces; certificates outstanding
—
—
. ....
..
THE
268
PRirFS AT
[Vol. LI.
CHRQNICLlJi.
STOCKS for
NEW ^OBK STOCK iXCllXTiGE-AC TIVE
Keek ending
AUG
„,,„, .»rT» LOWEST PRTr.KS
HIGHEST AND T nvtrvefr FRICEB
Saturday,
RB.
Actlre
Canadian
do Zdpref...
Alton
<b
Chic. & Atl. Benef Tr. Rec.
Chicago Bu rilugton & Quincy.
Chicago & Eastern Illinois...
pref...
Do
Chicago Milwaukee & St. fatil.
pref.
Do
Chicago & Northwestern
.
.
pref.
Do
Chicago RocklRland&Paciflc.
Chicago St. Louis & Pittsburg.
4216
82^
43
7
42
41% 43
•61s
*6i4
*82is
7
82% 8314 •83% 831s
82
54
54%
5414 55
521s 53%
52!^
12218 I22I3 122 122
•120 1201s
321s 32%
•31
33
«31
33
*31
33
21% 21'8
2II3 21%
21
21
21
21
60
59ie
60
57I3 58
59
571s 58M
41i»
41
411s
41
39 41
•40
40^4
135
128
128 134 •128 135
128 134
14
14
•1314 14
*iai4 14
•1314 14
10218 102% 101% 102%
lOO's 101% lOCs 102
4412
44
42% 42 14 44
42
421s 421s
90
90
•89
92
89
90
90
70% 71% 7214 7118 72
70
7OI4 71
115%116i4 11614 116'4 116'8ll7i4 117 117
108% 109%
107^10814 108 1081s 109 log's '143 144.
142 1431s '142 143 •143 1441s
841s 86<8
84% 85% 85% 861s •15
8414 8514
16
16
15
ns 16
•15
16
pref.
St.
*6i9
7
82
•6
7
Paul Mln.
*30
Do
40
53%
3014
66%
121
"(itt'ie
'671s
*7
Iowa Central
Do
Do
nref
lAke Shore <& Mich Southern
long Island
.
& Nashville
New Alb. & Chicago ...
I<onisville
liouis.
Maubatian Elevated,
consol..
Mexican Central
Michigan Central
Do
& St.
Louis
pref.
Ho.E. A Tex., all ass'ntpaid
Missouri J'acitic
Mobile &Obio
Hasbv. Chattanooga* St.Louis
Mew York Central A Hudson-
Hew York Chlo. ds St.
Do
Do
Louis.
1st pref.
pref.
.
2d
Hew York Lake Erie A West'n
prelDo
Kew Y'ork A New England.
Kew York New Hav. & Hart.
Few York Ontario « West
Kew York Susqueban. &. West.
.
Do
Horfolk
Do
.
pref.
AWestem
62 14
pref
Ohio A MIssisslp]n
Ohio Southern
Oregon Ky A Navigation Co.
Oregon Sb. L. & Utah North.
Oreg. A Traii8-Cont trust rec
Peoria Decatur & Evansville.
Phila. A Kead.Vot. Trust. Cert.
BlcbmouaAWestP't Terminal
,
Do
•93
1081s 111
•5
7
*12i3 17
109
'I8I4
691s
•21
19%
70 1«
2318
'143
•38
H
Do
Do
Bt.
Paul
Do
A
A
pref.
Ist pref.
Duluth,
30% 30%
*5
•121s
•18
7
17
95
69% 70%
•21
20
70% 71%
23% 23>4
23ie
26 36% May
Aug. 7 100% May
Aug. 21| 80% June
Auc. 25 101 May
12,010 18%Jaii; 13 32% Aug.
May
1,112 147 Jan. 2 175
'76
80
110
*7
24
271s
76
78
23% 23%
'120
125
80
112
78
67
430 20%
96
1,108 71
10 xll3
100
6
23% 23%
-120
80
111
9%
28
124
82
112
9%
'8
25
25
30
32
20
30
19
47%
258
23 14 24
I914 19%
98 100
41 ......
44
44%
41% 42 14
20% 20%
20
11
12%
•¥5" "85'
•19
100
265
19% 19%
7 7%
30
31
20
20
62% 62% •62% 63%
32% 32% 32% 32%
80% 80%
80% 81
23
48
47
42 45
45
45
107% 107% 107 107% 108 108
26% 27
25% 27% 26% 26%
95% 95%
86
91%
87
91
108% 109%
-5% 7
•12% 17
•19% 20%
19% 19%
70% 71% 71% 71%
•23% 24%
23% 24
109
•5% 7
-12% 17
109
19%
20%
70% 71%
24
24%
103
31
20
64
63%
32% 33%
81% 82
23%
25
20
100
25
49%
117
120
11%
75
*255
•7
80
20
51
117
....
13
7%
-7
30
32
7%
31
19% 19%
64
105
20
64
20
99
20
20
100
43
80
18
18
•49% 52
44% 45%
19
•120
•12
80
•19
•49
•49% 52
115
120
•12
14
14
115
13
21
52
117
12
21
117
•
45% 46
19
19
42% 43%
20% 21
77% 77%
19
41% 42%
20% 21%
78% 78%
•19
80
79
•60
65
47% 47%
•255
20
•7
31
265
20
7%
31
20% 20%
64
64
33% 33%
33% 34
82% 82% 82%
82
26% 27% •26% 27
33% 33%
81% 82%
25% 27
43
43
76
80
65
48%
265
19% 19%
19% 19%
*30
43
43% 44% 44% 45%
18% 18% 18% 20
41% 41% 42
43
20
20% 20% 21%
•77
*18
47
265
19% 20
98% 98%
'41
*60
65
46% 48
255
pref.
...
Boutbern PacilicCo
Texas A PnelUc
Ann ArborAN. M
A fHiio Central, pref..
110
29
37
87
Union Pacitic
Union Pacitic Denver & Gulf
•31%
Tabasb
Do
pref.
Wheeling A Lake Erie
Do
do
pref
Wisconsin Central Co
niscellanooii* Slockn,
Anier. Cot. Oil Trust receipts.
Buckeye Pipe Line Certif's 6.
Chicago Gas Co
Citizens' Gas Co., of Brooklyn
Colorado Coal A Iron
Consolidated Gas Co
Distilling A Cattle F. Co.
EdI.aon (Jeneral Electric,
laclcde Gas (.St. Louis)..
58%
11%
25%
37%
74%
24%
74
83
•20
43
46
19
42%
20%
77
19%
49
21
101
43
46
19%
21%
80
22
52
117
120
74
•12
•32
•58
•79
14
35
61
83
108% 100% 108% 108% 108% 110
108% 111 '108% 111%
30%
29
29% 29% 30% 29% 30% 30
30% 30
20%
18% 19% 19% 20% 20
20% 19% 20% 20
38% 38%
37% 36% 37
36% 39
38% 38% 38% 39
•87
93
•85
89 95 89 95 '89 95
93
61%
62
61
59% 59% 59% 60% 60% 60% 61% 61
•31
32
32
32% 32
32
32
32% 32
32% 32
12%
12
12
12% •11% 12% 12
12% 12
12% 12
26%
25% 25
25% 25% 26% 25% 26
25% 26% 26
37% 37% 37% 37% 37% 37% 38
37% 37% 37% 38%
75% 75
76%
74% 73% 75% 75% 75% 75% 75
75
24% 24% 25
26
27
26
27% 26% 26% •25% 27
>s.
96
44%
100
96
46
105
25% 26%
34
35%
52% 53%
90% 90%
48% 49
96% 96%
45
100
19
46
105
24% 25%
34% 36
24%
32%
53
54
53%
90% 91% 91%
49% 50% 49%
97%! 98%
97
45% 45% 46%
107
•
100
19
24% 25%
34%
33
54
54%
91% 92%
50%
50
96% 96%
25%
36
54
92
50%
98%
45%! 451a 46
107
104% 105
19
20
19
23
32%
52%
92%
50%
97%
45%
104
Feb 19 86
-
1
!
I
24% 16.744
33% 660,000
54% 24,007:
92% 12,560'
50% 3,700
98% 1,492!
45%
780
107
Jan. 6 81 May 21
Jan. 20 27% May 21
Jan. 1" 127 June 27
1
29%
26%
35%
52% 53%
89% 90%
•49
49%
29
1
43
110
26
34
10
10
12
June 10
Aug. 11 120 Jan. 31
Feb. 19 12% May 12
5 22% Mar. 4 33% May 12
800 17 Feb. 28 19% May 15
2,290 60 Aug. 22 68 Jan. 31
23,808 103 Aug. 21 114% June 5
140 86 Mai-. 5 95 July 25
33,259 82% Feb. 24 92% May 5
105 33 June 2| 54% Mar. 10
1.280 100 Jan. 14 117 May 16
5,000 17% Feb. 18i 31% June 4
525 92 Mar. 4 104% June 6
91 Aug. 19 104 Jan. 23
117 Jan. 23
500 108 Apr.
5% Mar. / 8 May 3
12 Jan. 3 20 May 9
561
9% Apr. 23 20% July 16
22,734 68% Aug. 11 79% May 10
24% Aug. 27
1,100 13 Jan.
102 Jan. 6,105 Apr. 22
25 111 June 3
5,750 103% Aug.
400 15% Aug. 22 18% Jan. 27
100 69 Aug. 11 75 May 5
100 36 Feb. 21 42% May 5
.
7,050 23% Apr. 12: 29% May 19
_
59 Mar. 31 69% May 23
19,630 43% Jan. 7 52% May 16
244% Jan. 10 270 June 16
3,303 17% Mar. 11 22% May 20
6% Mar. 25 9 May 10
100 27 Feb. 27 34-% May 13
215 19% Mar. 28! 24% May 6
1.200 59% Apr. 11 06% May 20
-^
4,025 30 Jan. 13 39% June 10
9.046 71% Mar. 19 86 May 19
3,188 19% Apr. 11 27% Aug. 28
1,400 13% Apr. 17 24 June 6
210 97% Apr. 11 108% Apr. 24
155 41 Aug. 221 56 Aau. 3
14,220 33% Jan. 81 52 June 10
1,150 16% Jan. 17 24 M.iy 3
35,630 35% Jan. 13; 48% May 19
19,518 19%Aug. 21i 28% May 21
110 76 Jan. 18 87% May 21
24% Mar 10
100 15% Feb. 2
40 Mar. 3 53% May 14
225 104 Feb. 1 120 July 24
Jan. 7 130% May 13
1 15
12 Aug. 11 14% May 9
16 Jan. 11 36% May 15
36% Jan. 27 67 May 15
106 70 July 31 105% May 24
31% Jan. IH 38%-Junel6
82% Jan. IS 99 July 18
90 108% Aug. 26 115 Jan. 9
3.700 28% Aug. 211 37% Apr. 22
4,660 18% Aug. 11 24% May 20
3,700 30% Jan. 4 42% June 13
68% Feb. 5 95 Aug. 19
43,010 57% Aug. 11 68% Jan. 28
2,450 30% Aug. 21 38% May 8
1.900 11% Aug. 11 15 May 12
5,700 23% Aug 11 31% May 14
4.30D 30%Jau. 11 42% May 19
3.115 67 Feb. 24; 79% May 19
1,845 24 Aug. 11, 36% Jan. 10
-
19% 19%
Toledo
10
1
43%
60
641s
46% 47%
205 270 255 270
18% 18% 18% 18%
•7
7%
7% •7
51148 May 6
21 98% Jan. 4
22 18% Feb. 26
2.1
53 Feb. 26
90
65
1,250 95
106% 106% 106% 106%
105% 106
104% 103% 1041s 105% 106
16% •16% 16% •16% 16% •16% 16%
15% 16ie *13!8 i?"* 16
70 71 •70 71 •70% 71 •70% 71
70% 70% *69% 71
38 39 38 39 •38% 39
*37is 39
38
38
37% 39
25% 25% *25% 25% 26% 26% 26% 26% 26% 26% 26% 26%
46% 47%
24
16
10
15
14
4 79% May 26
9 123% May 26
21 117 May 26
35,260
'17% 17% 17% 17%
17
17% 17
63% 63% 63%
63% 63% 63% 63
107% 106% 107% 107 107% 107% 108
93 94
94% 94% '93% 94%
94
87% 83% 88% 89% 88% 88%
89
97
6 135 Jan.
28 15% June
21 111% May
3 46% July
3 95
July
14
162% 162%
160
143% 144% 144 145% 58,280 xl34% Apr. 2 149% July 21
20% 21% 20% 21% 6.700 14% Apr. 1 21% Aug. 28
10,514 45 Mar. 26 61% Aug. 28
60% 61% 60% 61
•9
480
9% 9%
8% Apr. 14 11% May 21
9%
5%
20
70% 70%
31% 32%
69% 70% 70% 71
97 100
97
97
29% 31%
30
30
90
-86
91 14 '86
1081s 1081s 109 109
•5
7
7
12% 17
•1213 17
2014
31%
31
•89
•26
16
45
129 Mar.
100
6% Feb.
12,558 100 Aug.
2,900 26% Feb.
500 70 Feb.
67,685 66% Mar.
1,052 112% Apr.
8,619 106% Aug.
140 Feb.
52,587 83 Aug.
15 July
200 40 Aug.
1,650 30 Aug.
com
Bt Paul Minn. A Manitoba
Tol.
2913
144
85% 86%
15
38
Highest.
30% Jan. 15 50% May 15
4% Feb. 27 9% May 15
71% Mar. 19 84% Aug, liJ
51% Aug. 21 61% June 10
115% Feb. 4 128% May 14
284 30 Mar. 27 36% May 17
2,850 19% Aug. 21 27% Jan. 3
1,405 55 Aug. 22 66% May 7
609 37% Feb. 21 46% July 18
54% 54%
121% 121%
16
45
1890.
4,120
5,465
1,240
1041s
Do
pref. •49% 51
BomeWatertown AOgdensb'g
117
A
63
95
109
•15
T.
6t. Louis Alton
. pref.
Bt. L. Ark. A Tex., trust rec..
Bt. Lonis
San Francisco
•2313
I714
92
pref.
Elo Grande Western
271s
171s
6314
•23
•17
6II4
105
106
106'8
•93
931s 931s •921s 94
86% 87% 88I9
8658 87
•41
•41
44
45
*41is 44
106 106
107 107
1041s 107
26I4 26I4 251s 261s
261s 27 14
104% 105%
•19
pref
Jfortbem Pacific
Do
91s
271s
173»
*23
92
HUwaukee Lake Sb. & West.
pref.
Do
Minneapolis
*16^
62 14
pref-
lAke Erie ^Western
•71s
831s
5413
12113
Lowest.
1,
48,538
7
•82% 83%
84% 85%
15
1
91s
•6
7
71% 71%
711s 72%
117% 117% 117% 118
109 109% 109% 109%
3014
69% 71
42% 42%
42%
33
33
21% 22
22
22
60 13 60% •59% 61%
40 42 *40 42
128 135
128 135
13% 14
•1334 14
101% 102%
101% 103
44% 45%
4414 45
89 92 •90 93
deye. Cincin. Chic. &
95 14 97
97
95
96
96
pref.
Do
29
29
291s 301s
29
OolumbusHockingVal. &Tol. 29
•
161 161% >:159%160%
161
I6II2 1611s
Delaware A Hud-son
142%143i4 143% 145% 14314 I4514
Delaware LaekawannadtWesl 142=8 143% 19''8 20
21
211s
201s 21
10% 19=8
Denver i Rio Grande
60% 60%
5978 61
58% 59
pref
57"b 581s
Do
•9
91s
•8% 9I4I
914
914
914
9
ftst Tennessee Va. & Ga
75 78 '76 78
•74
77
*74
77
Ist nref
Do
2313 231s
22 23
231s 23ii
23
2d pref. *22
Do
120 125
120 124
115 125
115 125
Bransvine A Terre Haute
81
78ifl 78%
79% 79'8 79
80
80
Great Northern, pref
110 1121s 110 1121s 109 11
113 113
nunois Central
8
8
*7
91s
St. L...
Shares.
*32-'8 ....
40
30%
39
30
68=8
•
pref.
45
45
31
92
*38
•30
40
31
40
& Om..
Do
Chicago
41% 41%
41^6
•6
Friday,
Eanee Since Jan.
Week,
Aug. 29.
Thursday,
Aug. 28.
Wednesday,
Aug. 27.
52>4
Central ol New Jersey
-•
Oeotral Pacific
Chesapeake iO.—Vot.Tr.cert.
do l8t pref..
Do
Do
Tuesday,
Aug. 26.
82
Piiciflc
Canada .Stiutbem
Chicago
Aug. 25.
41%
—
Stock*.
ie
AtchiBoii Top. & Santa
Atlantic i I'jiciflc
Monday,
Aug. 33.
STOCKS.
29, and since JAN. 1, 1890.
Sales
of the
350
Aug. 20! 34% May 19
32% Aug. 27 42% Aug. 18
41% Mar. 13 65 May 15
68 Feb. 20 92% Aug. 28
39% Jan. 2 54% June 6
92 Jan. 2 107% May 16
3t>% Mar. 4 48% -May 24
92% Feb. 1 119 May 21
13 Apr. 14 28% May U
16% Feb. 21 24% May 15
12
43% Mar. 12 54 May 18
36% Feb. 27 47% .July 21
108% Jan.
79% Apr. 8
24
23
18% 19% 1,675
21% 22
21% 21% 21% 21% 21% 21% 35,757
Oregon Improvement Co
•45
44 46
47
•45
230
47
45
47
47
45% 45
47
Pacific Mail
41% 42
41% 42
45% 9.4251
42% 44% 43% 44
44% 45% 45
Pipe Line Certiflcatesv
85% 86% 86
87
84% 582,00J
85% 87% 83% 85% 84
85% 83
Pulinmn Palace Car Co...
213 214
213 213% 215 215% 216 216
216 216%
2,561 187 Feb. 28 222 July
215 215
Bllver Bullion Ortlflcates
119% 119% 118% 119% 118 119% 118% 119% 118% 119% 119% 119%
97% Jan. 31 121 Aug.
Bngar ReBneries Co
76% 77% 75% 77% 76% 79% 77% 79%| 77% 79% 77% 78% 110.632 50 Jan. 10 95 Ma.V
Tennessee Coal A Iron
43% 46
89 Jan.
44
•44
44
48
44
525 42 Aug.
45% 45%| 45% 45% 44
Do
do
•93
__
•^5
pref.
97% •93
•95
90 Mar. 18 119 Jan.
98
97 %l 96
96
Texas A Pacific Land Trust.. 18
•18
20
•18
20
18 20 IS 20 18 20
20
18% Apr. 21 23% May
B2% aoTo
82% as
03
aSTal
«3Ia a3%
83% 84% 8 '231 80% AuB. 22 87 May
* Xhese areiuo prices oia and askel;
no sale made at the Baard. § Prio 3i from bath Exchanges, x Ex dividend.
18% 19
20% 21%
Mational Lead Trust
19%
20% 21%
18
18%
.
.
I
19
21
7
27
20
14
F
AuousT
J
J
.
THE
80, 1890.]
PRICKS AT NEW YORK STOCK
CHJIONICLE.
EXCHANUE (Continued). — ^Cr/l'^: BONDS
Range
Kailboid akd Miscel. Bondb.
{.'"7 i'l
Pnct
lince Jan. 1.
Loxcft.
I
AUG. «», and
Railroad asd Mucel. bokds.
-
iPtrUxl. Atig.-iOi
269
I
rince
{'»'"'*'
lMU)t$t.
J/lffhtH,
I
j
May
May
Nash. Ch. ABt. L.— l8t, 78.1913'j A j'l28 b. 128 July 133 Jan.
Feb
Con«Oi.3g
1928 A AO* 109
701.1
HHI%Jan. Ill Mttr
ll>f", Eol"'*"*'«
lOU-yi'iir liii'ouiv ft tC
24 '4 May
lO^b. la Jan.
N.\.Cuutral— Extend., 58.1893 M A N lomb. lOia^May |104«8Apr
All. ,V t'lvr. -W. U. luc, «».1U1»
8 2 I.J May I* 1st, coupon., 78
1903;j A J -127 b. 127 Aug. 'l32 itkt
llKtTJ A, J, 77'»lJ.i 70'b Feb.
OuuiHiiteoil. 4 K
ICO AiiR. 110 Feb.
Dobon. 68,coiip.,l»84...1904:M A H *108 b. no Mar. ill3i9Mar
C«ii.K"uHi.-l9t KUBi-., 5B.iy08 J & J 105'»
Mar. 100% July N. Y. A Harlem— 78, rcg...l9()0M A N 124iab.ll24%May 128 Apr
Ilti:tM & 8 Ol)>ab. U7
2d. .•\9
Ccutialof N. J.— L'0118. 78..189U, y-J llUt a. 117 Aug. 122 Jan. N. Y. Chic. A 8t. L.—4 k.... 1937 A A O 93i4b.l 92 Aug. 97 Jan.
19O0J A J 112iab. 1121s July IKiaJuna
lUOJ M & Ni*lM5 a. llMiaJnii. 128 Feb. N. Y. Elevated— 78
roi}»i>l.. 7»
N. Y. IJick. A W.— ist, Os. 1921 J A Jl31iaa. 131 July 134% Apr.
«eiiiiulnji>rt«iiKe, 3 (f...lU87 J <t Jill a. llU>4Jan. 1131a Apr.
Construction, 58
1923 F A .. 09 lab. 110 Aug. 112 May
113 Mar. no Jan.
I.t>li.A-\V.li..coii.7a.,us'iid.HtOO Q-M ilim
A
137i» |134>a Apr. 139>sJan,
1912 M A N 103 a. lO'J May 103 Apr. N.Y. L.E. A W.-l8t,oon.7g.l92y
do im>ili,'a».'«.5»
LongDock.7s
1893JA D 10Ti2b.'l07 June lI0'4Mar,
Am. DiKk A- lull... r.».... 1!)21 J & J:*107 1>. 107>a Jan. illoia June
Consol., Og
1933'A A O 120'»b.'119 May 1221a Jan.
Ceutrul Pn(itIc-Goldt)8...18U8 J & J llS^ib. 112 Jan. 110% Mar.
2d consol., Og
18U0A A O lOis b.llOO^ Apr. 102^8 Mar.
1909>J A D 102isb.l 98^ Mar. 107 Mar
LaudKnuittitt
N. Y. Ont. AW.— lBt,0g...l914M A S 111 b.'l 103b Mar. 113% Feb.
Feb.
Cbe*. A- OUlo.— Mort. 6g..iyirA AO' 117'sa. 115>s Jan. 118
Consol. Ist, 5g
OS'-j Aug. 103 13 Apr.
1939 J A ~ 97 b.' 96 Mar. 101 May
1039M A N IOOI4
IT
D
l8t couaoi.
73''2JuilC N. Y. Sus. A W.— Istref., 5 g.l937 J A J 90iab.' OOiaApr. lOl^s June
K.AA.I)lv..l»tcon.,2-4g.lU81) J A J' TO^jb. tWH) Mar.
Midland of N. J.— Og
82 July
1910 A A O llOisb. 113 Apr. 118 Feb.
Isteou. g., 4..1()89 J A j! "0 b. 82 July
do
77 May Norf. A W.— ]00-ycar, 3 g.l990 J A J 96 b.l 95 Mar. 99 14 Juno
lUSStJ A J 73 a.' 67H Apr.
2dcou..3-4g
1911 F A A 107 b.il07>aAug. 1131a Jan. North. Pac— l8t, coup.,0 g.l921 J A J 11514b. 113% Jan. 119 Juno
Cbeo. U. A 80. W.-6 g
General, 2d, coup.,
1933 A A O 114 b. 110% Apr. 110 Aug.
July 129 June
g.
Chic. Burl. A Q.— Cou. 7...1903 J A J 124 a. 124
General, 3d, coup. g
1913 M A N lOl^b.'lOlia Aug. 105 "8 Apr.
1937'
A D 100 13b. 109 '4 Jan. 1131a May
Uebcuturc 08
Pac. A .Mon.— g.. 1938 M A 8 10!>%b. lOlUMar. llOiaAjur.
1922 F A Al 92 b. 92is Aug. 90 July North ~
Denver Division, 4»
91 Aug. 9414 Apr. No. I'adtlc Ter. Co.— g. .I933IJ A J losiab. 100 Jan. 113 May
43. 1927iM A N 91«4
Nebraska Extension
CWe. AE. HI.— 1st, s. r.,tj8.1907 J A D 114'sb.'116'8 Juno II8I2 Juuc Ohio A Ml»8.— Consol., 7s. 1898 J A J 113'sb.lll3'4July 117 JuM
1934AA0121 b.|116 Apr. 1211a Jan. Ohio Soutncm— Ist, 6 g. 192I1J A Di'104 b.ilOO^a JUiieilll%May
Consol.tig
General luort.. 1 g
1921 M A N 07 a, 59 Apr.
08 May
General consol. 1st, 3s. ..1937 M A N *100 a. 95 Feb. 100 Jan.
_„
ChlcGas. L.AC.— 1st. 5 g.l937:J A J ?1 a. Sjiia Aug. 98 '3 May Omaha A St. Louis—4 g. ...193:j A j; 71 b. 71 Aug. 80 June
'
"
125
CMc. Mil. A St. P.— Con. 78.1903 J A J " " b.'124=eJan. 129i.iMay Oregon Imp. Co.— 1st, Og.. 1910 J A D 103 b.'loiisJan. 100 May
Feb. 113 Jan.
Ist, SoulUwest Div.— tj8..1909 J A J 112i4h. II214 Aug. 110% June Ore. R. ANav.Co.— 1st, 0g.l909 J A J 10912b. 109
Consol., 5 g
1925 J A D 100%a. lOO'e Aug. 104 ^ Mar.
l8t. So. Mill. Div.— lis ....1910 J A J llSieb. 11210 Aug. !ll83« Apr.
106i3b.,103% Jaii. 107% Apr.
100 b. lOSizJan. 109i4Juiie Oregon A Transcon'l—Og.. 1922,
l8t,Cb.&l'ae.\V.Dlv.-.")8.l!>21 J A J
A N
Aug. 103% Juuc Penn. Co.— 41s g., coupon. .1921 J A J.lOGiab. 107 July 110i4Mar.
Chle. A Mo. Hiv. Div.— 5a 192G J A J 103 a. 101
100 June Peo. Dec. A Evansv.— 0g..l920 J A J lOliab. 101 Jan 109 Apr.
Wis. A Minn. Dlv.-.-i g. 1921 J A J -103 b. 103 Jan
EvausvllleDlv.- 6 g..;..1920M A 8 102 b, 100 Mar. 1061a Mar.
Mar. 106 June
..1914 J A J 103>2b. 103
Terminal, .^ K
2diuort.,5g
1920 M A Ni 05 b. 06 Mar. 74 May
Gen. M.. 4 g.; series A ...1989 J A J 90'8a.' 90»3 Aug. 96% Apr.
78I3 Aug.
142 14a. 141 May 144 Jan. Peoria A East, consol. 48.. 1940 A A O- sola
85 June
Chic. A N. W.— Cousol. 7a. .1915 Q—
123iS8l'. 123
Income, Is
1990 April. 27 a. 28 Aug. 341a June
1902 J A D
Ang. 129 May
CouiKm. gold,7«
80 Aug. 87 Jan.
Sinking fuud 03
1929 A A O 117'2b. 114 Apr. 117 Feb. Phlla. AKead.— G«u.,4g..l958 J A j! 82
70 b. 02 Mar. 801s Jan.
IstpreMncome, 5g
19581 Feb.
Sinking fund 08
1929 A A O 107%b. 106»4 Apr. no's Feb.
51%b. 43 13 Mar. 581a May
2d prcf. income 5 g
1938 Feb.
Sinking loud debcn. OS... 1933 M A N 110 b.lOO Jnn. 112 Apr.
42 a. 30 Mar. 49 Jan.
3d prcf. income 5 g
1938' Fob.
1909
25-year debenture 3s
A N lOii b. 104 1.2 May 1081a Feb.
192« F A Ai*95'4b.l 90 Jan. 101 Is June PittsburgA Western— 4 g..l917'J A J 79 b. 78 13 Aug. 83 May
Eiteu.-<lou 4s
99 la June Rich. ADanv.— Con.,eg...l915 J A J
llSiaJan. II8I4 June
Chic. IVo. ASt. I.ouia— 3g.l928M A S^ 99 b.' 9112 Jan.
Cousol., 5 g
1936 A A Ol 91 a. 871a Apr.
94 June
CUe. K. I.&Pac.-tJs, coup.1917 J A J 128 b.]128 July ,132 May
106 la June Rich.AW.P.Ter.—TrustOg 1897F A a' 98 a. 98 Aug. 103 Jan.
102ia
102 12 Aug.
1934 J A J
Extension A ool. 5s
Con. Ist A eol. trust. 5g.l9l4!M A S' 78
7612 Aug.
83 May
.Clilc.St.I>.APitt.— Con.,5g.l932,A A O(*98»ab.ll00
Jan. IOOI2 Aug.
69'8 Mar.
78 May
ClUc. 8t. P. M. A O.-03....1930 J A D *117 b.'llS
Aug. 1231a May iRloG. Western— Ist, 4 g... 1939 J A jl 74ia
97 Jan. |R. W. A Ogd.— Con., 5s. ...1922 A A 0*110 b. 107% Apr. 112i4Mar.
Cleveland A Canton— 5 g.. 1917 J A Ji 93 a. 91 May
Feb. 'St. Jos. A Gr. Island— g..l923 M A N liJOisb. 104% Jan. 107% Apr.
C. C. C. AI.— Cousol. 7g...l914 JA D* 130J2b.!l30i4 July 135
General consol. tig
1934;J A J *121 b. 117»4Fcb. 1251a May St. L.Alt. AT. H.— 1st, 7s. 1894 J A J 11014b. 101-2 Jan. 113 Juue
2d, pref.,78
1894 F A A 100iab.ji05isMay 111 Jan.
Col. Coal A Iron— 6 g
1900 F A A 105 b.'l03 Mar. !l08 Jan.
89 b.l SOia Mar. 9838 May
Col.H.Val.ATol.— Con.5g.l931,M A S; 88
73 Mar. 88is,Iuly 8t.L.Ark.ATcx.— lst,03,t'8t.rec.|
2d,69, 1930, tr.rec.allass.pd.'
27 b. 27 Aug. 32^8 May
General, tig
1904 J A D' 87>3
73 Mar. 89i2July
Denver ARioGr.— l3t, 7g.l900;M A N llOiab. II712 May 119 Feb. St. L. A Iron Mt.— 1st, 78..1892'F A A 102i4b.'102 Aug. '108 Jan.
2d,7g
1897 M A N'107'.2l). 100 May 109i4Feb.
l»tcon8ol..4 g
1930 J A J; 8258
76'3Jan.
841a Juue
Calro&Fulton— 1st, 7 g.l891 J A J IOO'-SmI). ]00 July 103% Juno
Det.B. CItyAAlpena— Og.l913 J A J 100 a.' 99 Mar. 100 Jan.
CalroArk. ATexas-7g .1897 J A D;'03i8b.,l02-'i8 Jan. il07 May
Det. Mac. AM.— L'tt grants. 1911 A A O 33»8b. 34 Aug.
391s May
Gen. R'y Alaiidgr., 5g..l931 A A O 95
I>ul. A Iron Range- 5s....l937 A A O 100 b.' 99
88 Jan.
95% July
July 10258 Mar.
Dul. So. 8U. A Atl.— 5g....l937'J A J "96i2b.' 92 Jan. 101 May 8t.L. ASanFr.- 6g.,Cl. A.1900M A n'111 b.'ll2i4 Feb. i115 Jnne
lOum). 103»2 Jan. 108 Apr.
E.Tenn. V. AG.— Cou.,5g.l930
Og., ClassB
1906MAN1111 b.'lll Aug. 113 Apr.
Knoxvllle A Ohlo-eg...l925 J & J 1093ib. 108>a Jan. 113 June
6g., ClassO
1906M AnIiH b.lllHtAug. 114iaApr.
General mort.. 6 g
1931 J A J 10958b.'i09i4 Feb. 113 June
£Uz. Lex. ABlgSan.— 0g..l902 M A S 92 b. 901-2 Apr. 1104 Jan.
Ft. W. ADenv.City—Og...l921 J A D 104ia ilOSigFeb. 110
May 8.P.M.AM.— Dak.Ext.,6g.l910M A Ni'119 a. 117''6 Feb. 120 Mar.
Istconsol., 6g
Gal.H.ASanAn.— W.Div.l8t,5g.
1933 J A j'llS a. 115% Jan. 120 Jan.
A N 94'2b. 93 May 95% Apr.
Do
Han. A St. J08.—Cons. 08 ..1911
reduced to 41s g...'
110 June 121 Feb.
A 8
A J 101 b. 100 Feb. 10213 June
Illinois Central— 4 g
Montana Exteusion 4 g.. 1937 J A D 88 b. 86ia Jan.
92 June
1952 A A O 101 a. 100'4 Apr. 10214 Mar.
Int. A Gt. No.— 1st,
g .... 1919
A Ni 1 15 a. 109>4 Jan. llOiflMay San A. A Aran. P.—l»t, 0g.l910i J A J 70 b. 70 July 88 la June
69T8 Aug.
*83 a.: 73>4Jaii.
Coupon, 6 g., trust ree... 1909
1st, Og
1920 J A JL7OI3
90 June
89 May
A S
II.
' 125iaa, 113% Jan.
12559 June
Iowa Central— 1st, 5 g
91 May Shon.Vai.- l3t,7g.,Tr. rec.l909|
1938 J A D 84 b. 85 Jan.
60 14 June
Kentucky Central—4 g.... 1987 J A J 83 b.! 82 July 85% Juue
General6g., Trustrec...l921
56>ab. 48
Jan.
Kings Co. El.-lst, 5 g
1102 b. 96 Jan. 100 la May
1923 J A J *99 b. 100 Aug. 105 Jan. 80. Car.— 1st, g., ex coup. 1920'
LacledeGas- l8t, 5g
12 b.
J2<4 June
79^
Income,68
19311
713 Jan.
19191 Q— F
79% Aug. 89 Miiy
LakcErie AWest.— 5 g....l937!J A J 110>3 I109 Apr. 112% Juue 80. Pac, Ariz.— g
105 July 108 June
1909-10'J A jllosiab. __
Lake 8Uore.-Con.cn.,lat,7s.l90O J A J "120 b. 122 14 July 128 May 80. Paeitlc, Cal.— 6 g
115 Jan.
1905-12 A AO*illO%b.[ll2 Apr.
Consol. coup.. 2(1, 78
1st, consol., gold, 3 g
1903'J A D 12256b. 122% July 128 May
1938 A A oilOO b.lloOigApr. 10338 Mar.
Longlsland— Ist, uon.,5 g.l931 Q—J 113
112 Aug. 118 July So. Pacltlc, N. M.— 6g
1911 J A J 105 b.loS^Juiy 109 June
General mortgage, 4 g... 1938, J A D 94>4
94 Juno 99 Jan. iTcnn.C.I.ARy.—Teu.D.,l3t,6g A A O '96 b, 96 Aug. 104% Jan.
toulsr.ANashv.— Con.,7s.l898 A A O 116 b. 113 Jan. 1191s Mar.
Birm.Dlv.. 6g
1917J A J •95 b. 9512 Aug. 1031a Jan.
90i^ Jan.
M. O. A Mob.— Ist, Og... 1930 J A J 116>iib. 113"4 Jan. 121% Jujie iTex. APao.— 1st, 5g
90% May
2000 J A D 91%
do
2d,
4313 May
1930 J A J 112 a. 100 Jan. IIOI3 Feb.
2d, Income. 5 g
2000 March. 4014
K
371a Apr.
E. H. A N.— Ist.
1919J A D113i4b.ill3 Jan. llOHi May Tol.A. A. AN. M -6g.
i92iiM A Nil04ia 102 MTay 1071a Jan.
g
Qeueral.Og
1930J A D114 b.;il3 Jan. UOHi May Tol.A. A. AGr.Tr.— 0g....l921 J A j'lOrfiab. 107 Jan, Ill June
50-year5g
1937,
A N
1935 J A J;107 a. 102 Jan. 108 M July
1051s Jan. 1091a Juue Xol. A Ohio Cent.— 5 g
Collateral trust, 5 g
193l|M A N 105 a.!l04i2 June 110 B-eb. Tol. Peo. A We3t.— 4 g
80% May
1917 J A J*77%b. 76 Jan.
Louis. X. A. A Ch.— Ist, 68.1910 J A J 112i8b. 111
Aug. 119 Feb. Tol. St. L. A Kan.
0g..l916 J A D 98 a. 97iaJune 101 Jan.
Consol., Og
1910 A A O lOSis
95% Apr. 105 Jan. Union Pacific— g
r... .1899 J A J 114%b. 11458 Aug. 1181a Mar.
^.
Louie. St. L. A Texas- g. 1917 F A A lOO'g
97 14 Feb. 104 July
Sinking fund, 8s
1893M ASll^'sb. 11218 -Mar. illOia Feb.
Metro. Elevated— Ist, Og.. 19081 J A J 1121.2b. 112 Jan. 117 May
KansasPacillc— l8t,6g..l893'F A A 109 b. IIOI3 Jlay III214 July
2d, 68
105"8 Feb. 110 Apr.
1899M A N 107
l8t,6g
1890 J A D lll%b. 110 Jan. 113 la Mar.
Mich. Cent.-lst, con., 78..1902M
^125
Denver Div.—O g
May 129 Apr.
1899 M A Nil* b. 113 Jan. 117% Mar.
Cougol..5s
1902MAN110 a. 108 July lllia Mar.
istconsol., 6 g
1919 M A" N 11438b. 11314 June 118 Mar.
Mll.LakeSh. AW.— l8t,eg.l921|M A N* 121isa.ill9ia June 125 Apr.
Oregon Short Line— g.. 1922 F A A HI b. 111 Aug. IIOI4 Jan.
Exteii. A Imp., 5 g
95 14 Jan.
;.1929 F A A 101%
101
Jan. 103 14 Jan.
Or.S.L.AUt'hN.— Con.5g.l919 A A Ol b3i4b. 92% Apr.
Mllw. ANorth.— M. L.,0s..l910 J A D llliaa. 1091-2 June II312 May Union Elevated— 6 g
1937 M A NilOe b. IOOI4 May 110 Aug.
1st, con.. Os
1913 J A D lllisb. 1081s Feb. 113 '4 May Virginia Mid.— Gen. m.,5s, 1930 .M: A N 83iab. 83 Mar. 881a Apr.
M.K.AT.— New4g.,wlicnl88Ued J A D 79
87ia
8OI9 June 90 Apr.
82 June
do
stamped guar.
751s Mar.
New 2d 5s,,wbcu issued
43i3Apr.
55^8 May
100 Aug. 105 14 Apr.
J A D' 49
Wabash- l8t,5g
1939 M A N 101
Consol.. Og., trust rec
8018 Jan.
1920 J A Dj 83
88% May
2d mortgage, 5 g
1939. F A A 78
701a Aug.
721s Jan.
Consol., 5 g., trust rcc
1920 J A u 70 b. 611a Jan
7eia June
D /u n.
45 Aug. 57 May
Dcbent.M.. series B
1939 J A Ji 49
Ko. Paclttc— lat, con.,
g.l920 M A N'llOijB. 109 May 113 Apr. West Shore—Guar.. 4s
2301 J A J 103%b. 103 Aug. 10658 Juue
3d, 7s
19001M A N 114 a.'ll4 Aug. 120 Apr. 'West. N. Y. A Pa.— Ist, 5 g.l937 J A J 09
9214 Jan. 102 14 Juue
I'ac.of Mo.— lst,ext.,4g.l938F A Ai 95 b.l 93
40 May
29 Jan.
Aug. jlOlia Jan.
2dmort.,3g.,3sc
1927 A A O 34%
2dmort.,7s
1891 J A J;100isb. 100 July 103 Mar. West. Un. Tel.— Col. tr., 59.1938 J A J 99 a. 99 Mar. 1021a Jan.
Mobile A Ubio— New, 6g..l927J A D 113isb. 112's Aug. 117 Apr. Wheel. A Lake E.— l8t, 5 g.l920 A A O 100 laa. 1021a Apr. 107 June
Oeneralmortgage, 4S....1938M A 8 65isb.i 5714 Jan.
67 July Wis. Cent. Co.— Ist, 5 g
1937, J A Jl 98'4b. 90^8 Jan. 104 >4 Apr.
Mutual Un ion Tel.-O g....l911 M A N •104 b.ilOO May 104 Aug,
1*53 b
51 Aug. 69 Jan.
1937'
Incomes g
Note— -b" iudioaies price but, aud "a" price atitai; the Raugo l8 made up from actaal sales oaly. ' Latest p rice this week!
At.Toi>.*8.K.-10()-yr.-l K.IUSO J
A
1*»0.
I,
Pricr
|/«rtorf. j„(,..jo
Hlghett.
JAN.
Jlange rinee Jan. 1.
J
8l's
I
'
H:1>h
S-l's
Mar.
88
I
1
I
I
I
i
1
.
1
MAS
1
—
-
."S
j
.
.
1
.
I
"
M
. .
!
|
•
M
,
I
HO
'
I
I
I
"
i
MAN
M
M
M
M
1
I
1
j
|
!
t
M
C—
"
.
AN
MAN
PRICES AT
NEW YORK STOCK EXCHANGE—(Continued.)—ZiYdCr/F.B BONDS—Latest
SECURITIES.
Bid.
(Slocic
SECURITIES.
Ask.
Railroad Ronds.
Bid.
B.AO.-Mo:i.Rlv.,l8tgn.,g.,5.s.ini9
deech Creek— 1st, gold, 4s
1936
Exchange Price:}
Alabama Mid.— 1st, g., Os
1928
Atlantic A Danv.— Ist g., 68.. 1917
Tun. A W.— Deb. 58.1913
Brooklyn Elev.— Ist, g., 6s. ..1924
Bost. H.
86
Pac—2d W. D., gu. 0s,.1907
A Ohio— Ist, 6s, Park B. 1919
Atl. A
Bait.
95
96
92
110
110
1915
2d, 3-5s
Quotatuma.
Bid.
SECURITIES.
Ask.
Rap.ANo.— (Contln'd)—
Minn. A St. L.— Ist, is, gu..l927
88
102
lowaC. A West.— I8t,7e....l909
111%
Ced. Kap.
1st, 5i.
L
P.
4 N.,
1925
1988 107
Sufl.
.
;
.
90
ids'*
68.1920
1921
4«a«.1930
ist,
Eoch. A Pitts.—Gen., 58.1937 100 101 la Oentral Ohio Beor.— lat.
Koch. A Pitts.- lat, Os
Col.A Cin.MId — l8t,ex.4is8.1939
1921 117
Consolidat'dlst,08.1922 117
do
iia'ii Tent. KB. A Bank.—Col. g.5s.I937
Cons. mort.. gold, 58
Burl Ced. Rap. ANo.— l8t,5«.1900
96% 97%, Bav.A West.— ist con.gtd.5s.1929
B. A O. B. W.. l8t, g., 4128.. .1990
Consol. A collat. trust, 58. 1934'
Oent. of N. J.—Conv. del)., 6».1908
96
*»No price Friday these are the latest quotatlona made this week.
5». gold
Ask.
Burl. Ced.
89
91"
99
93
us
"
-
J
—
CHEO^iOLK
l!HE
270
NEW YORK STOCK
PRICES AT
Railroad
SECURITIES.
Bonds— (fConf
Ga. So.
109%
111
111%
110
116
81
107
115
lll»s
Chic— l8t,78.1894
78
1894
2d mort. (360), 78
1898
2d, guar. (188), 78
1898
Mlss.K. Bridge— 1st, s. f ., 63.1912
Chic. Burl. & Nor.—Deb. 6s. ..1896
Ohic. Burling. & Q.— 5s, s. f..l901
Iowa Dlv.— Sink, fund, 5s.. 1910
Sinking fund, 48
1919
Plain, 48
1921
Chic. & Indiana Coal— 1st 58.1936
Chi. Mil. &. St.P.- l8t,88,P.D.1898
2d, 7 3-lOs, P. D
1898
Ist, 78, $ g., R. D
1902
1st, Lacrosse Division, 78.1893
let, I. & M., 7s
1897
let, I. & D., 7e
1899
let, C. <fe M., 7s
1903
Ist, I. & D. Exteneion, 78... 1908
1st, La C. Si Dav., 5s
1919
Ist, H. & D., 78
1910
Ist, H. & D., 58
19l0
g.
1927
6s
95
961s Peo.AE.-Ind.B.AW.-lBt,pf.7B.1900 114
90
34
Ohio [nd.&W.— 1st pref.5e.. 1938
105
92 >s
Springf. Div.—Coup., 68.. ..1898 114
Middle Dlv.—Reg., Ss
1921
C. St. L. & S. O.-Ten. I., 78.1897
Ist, consol., 78
1897
1907
2d, 68
Gold, Se, coupon
1951 116
Memp Div., letg. 4s
1951
Dub. <fc S. C— 2d Div., 7e ...1894 106
Ced. Falls & Minn.— let, 7e. 1907
80
Ind. D. & Spr.— Ist 7s, ex. cp.l906
98
Ind. Dec. & West.— M. Ss
1947
2dM.,inc. Ss
1948
Inter. & Gt. Nor.—Coup. 68... 1909
Kan. C.Wyan.&N.W.— let, 58.1938
L. 8h. & M. So.— C. P.&A.—78.1892
Buff. & Er.—New bonds, 78.1898 II8I4
Det. M. AT.- Ist, 7s
1906
Lake Shore— Div. bonds, 78. 1899 i'l'gi^
Mahon'g CoalRR.— 1st, 58.1934
1 .itchf. Car.A West.- let 68. g. 1916
lA)ngl8land— let, 78
1898 1181s
N. Y. A R'way B.— 1st, g. 58. 1927
2dmortg., ino
1927 "afii
Brooklyn & Mont.— let, 6s. .1911
let.Ss
1911
8mithtown&Pt,Jeff.— let,78 1901 110
Louie.Evans.&St. L.—Con.5e.l939
Louie. & Nash.—Cecil. Br, 78.1907
Peneacola Divieion, 66
1920 108
Bt. Louie Division, let, 6e...l921 117
2d, 38
1980 661s
Nsehv. &. Decatur^]8t,78..1900 116
8. f.,6g.— 8. AN. Ala
1910
10-40, gold, 68
1924 104
Pens. A At.- let, 6e, gold. .1921 104
93
ids'
104
95 le
92
97
120
9512
9214;
97 •«
116«s
•122
113 12
118i«
120
120
•122
-1021s
121
123
1021s
Chicago & Pacific Dir., 6s. .1910 114
Mineral Point Div.58
1910 102 Ja 104
C. &L. Sup. Dlv., 58
1921 102 1031s
Fargo & South., 68, As»u...l924
Inc. conv. sink, fund, 58
1916
Dakota & Gt. South., Ss. .1916
lOOis
Chlc.&N.W.— E8C.&L.S.lst,6g.l901 110>s
DceM. & Minn.— 1st, 78.... 1907
128
Iowa Midland— Ist, 88
1900
Naeh. Flor. A 8. let gu. 5s.,1937
Peninsula— Ist, conv., 78. ..1898
Loulsv. South.— l8t, g. 68
1917
Chic. & Milwaukee— let, 78 1898 *117
118>« Lou. N. O. ATex.— let, 4e....l934
Win. & St. P.— 2d,7e
1907 130
2d mort., 58
1934
Mil. & Mad.— 1st, 68
190S *ll7ia
Memphis A Charl.— 6e, gold.. 1924
Ott. C. F. & St. P.-l8t, 5s.. 1909 *109
1st con. Tenn lien, 7g
ISdS
Northern 111.— 1st, 5e
1910
Mexican National— let, g., 68.1927
Cbie. R. t. ii Pac.— 1st, 212S..19OS
60
2d, income, 68, "A"
1917
Dee Moines AFt. D.— 1st, 4e.l905
84
2d, income, 68, "B"
1917
Extension, 4e
1905
Michigan Central—6s
1909
M.-l8t,5s..l923 *103 104
Coupon, 5e
1931
^.!^'^''J."H,*,^®»
Chic. St. P & Kan. City-53..1936
Mortgage 4e
1940
Minn. & N. W.— Ist, g., Ss 1934
Jack. Lan. A Sag.—68
1891
Chic. St. P. & Minn.— Ist, 6s .1918
123
Mil. L. S.AW.— (;onv. deb., 5s. 1907
St. Paul &S. C.-lst, 68
1919 123 >s
Mich. Div., 1st, 6s
1924
CWc. & W. Iiid.-l8t, 8. f., 68.1919
Ashland Division— Ist, 68 ..1925
General mortgage, 68
1932
Incomes
^^^ ^*H- * D.— Con. 8. f., 78.1905 120
Minn.A St. L.—1». Ex.,l8t, 78.1909
2d. gold, 4128
1937 90
Ist.g- 78
1927
Cin. I. St. L.& Chic— let,g.,48.1936
90 100
2d mortg., 78
1891
Consol., 68
1920
Southwest Ext.— let, 78
1910
65
Pacific Ext.— Ist, 6s
1921
93
Impr. & equipment, 68
1922
CI.C0I. Cin. ii Ind.-lst, 7s,8.f.l899 118
Minn. A Pac— let mortig., Ss 1936
Consol. sink, fund, 78...
1914 130>fl
Minn.S.Ste.M.AAtl.— Ist.Ss 1926
Clcve.&Mah. V.-GoM,5s..:i938 1081s
Missouri Pacific- Trust Ss.. 1917
Colorado Midland— ist, g., 68.1936
Mobile A Ohio— let ext., 6s... 1927
1041s 107
Consol. g. 4s
1940 68
69
St. L. A Cairo
is, guar
1931
Columbia* Gr6en.-l8t,68!;'.1916 *100
Morgan's La. & T.— let, 6b.. ..1920
^fl, DS
1926 88
1st, 78
1918
Del. La«k. & W.-Converr
78,1892
Nash. Chat. A St. L.—'2'd, "68'"l901
M ortgage 7e
1907
New Orleans A Gulf— let, Os .1926
^'^ Y.-letV78".1906 130
N. O. &. No. E.—Pr. 1., g., 68. 191S
135
*&^I''*t*
Eesex- l8t,78....1914
145
N. Y. Cent.-Deb. g. ^e*!.'. . ^lois
^d, 78
1891 •i'diifl
N. J. Junction—Guar, let, 46 1986
Bond8,78
l»f)n
i'2'6'ie
H.-lst, reg. 46.1903
78 of 1871
::::::;:::' "iwi '125
S' V-- ?-x?- f
1261s N. Y. A Northern- 1st, g.. 56 1927
Ist, con., iruar.. 7«
ioti
140
2d, 48
1927
I>el&Hud.'aall-l8t,-78:::i89? i'06%
N. Y. Su8q. A We8t.— 2d, 4138:1937
let, extension,
. .
.
'
—
120
78
A
Pitte. Cleve.
Tol.— 1st, 68... 1922
Pitts. Junction— Ist 68
1922
Pitte. Mc. K.
let 6s
1932
Pitts. Painsv.
F.— 1st, 5s. ..1916
Pitts. Y.
Ash.—Consol. 5s. .1927
IPresc't
Ariz. Cent. Ist, 6s,g.l916
A
118
120
95
30
83
119
98
2d income, 6s
99
113
90
110
114
95
"79'
Ss
A
Scioto Valley
N.
E.— 1st, 4s,1990
80
Shenandoah Valley— Inc., 68.1923
Sodus Bay A So.— Ist, Ss, g. 1924
South CaroUua-2d, 6s
1931
80. Pac. Coast— let, guar., 48. 1937
Texas Central— Ist, s. f., 78. 1909
117
110
95
*•
. .
Ist mortgage, 78
1911
lOlij Texas ANew Orleans— lBt,7e. 1905
Sabine DIvlBion, iBt, 6e
1912 106
89
Tex. A Pac, E. Div.— Ist, 68.1905
Third Avenue (N.Y).— iBt Sb, 1937 111 113
1917 105% 106 14
1051s Tol. A. A. A Cad.—68
Tol. A. A. A Mt. PI.—6e
1919
106
Union
122 >s
100
100 13
114
120
102
100
106
87
100
96
113
1st,
1st,
Pacific
IIOI4
1«.^^')
68
68
111% II314
i?j7
1898 11313 1141a
Collateral Trust, 68
1908 IO714
Collateral Trust, Ss
1907 > 97
Collateral Trust, 4138
1918 *
86
C. Br. U. P.— F. c,7s
1895 IOOI3
Atch. Col. A Pac— 1st, 6s... 1905
94>a
Atch. J. Co. A W.— let, 68... 1905
95
U.P.Lin. ACol.—l8t,g., 58.1918
U. P.D. A G.— let, con. g. Se. 1939 . 87
88
Oieg.e.L.AU.N.,col.tret.,5s.l919 •
96
Utah A North.- 1st, 7s
1908
Gold.Ss
1926
Utah Southern- Gen., 78 ..1909 nils
Exten., Ist, 78
1909 111
Valley B'y Co. of O.—Con. 6s. 1921
104%
Wabash— Deb. M., series "A". 1939 . '4913 50
No. Missouri 1 st, 7b
1895 112
St.L.K.C.AN.— H.E.ARR.78.1895 loaie i'1'6
St.Charle8 Br'ge- l8t,6s. 1908
109%
West. Va. C. A Pitts.— 1st, 6s. 1911
Wheel.&L.E.(W.D.)— l».g.,Se.l928 100 13
—
. .
108
129
11068 1121a
104
107
761s
Tllscellaueoiis Boiide.
W Co.— let 6s 1907
1907 - 991s
Boston Un. Gas— Tr. cer. 5s. .1939
Cahaba Coal Min.— Ist g. 78. .1907 '1061s
Col. A Hock. Coal AI.—68,g.. 1917 100
......
Cou.soru Coal Convert. 6s... 1897 •102
Kdi.son Elec. III. Co.— Ist, 58.1910
98
99
Equitable G. A F.— 1st Os
1905
Am. Water
85
Ist con., golu, 5s
109
UO
62
80
—
...1891
North'n Pac— L. g., con., g. 5.1989
92
94
..1894
Divld'd scrip cxt
1121s
Pa. Div., coup.',' 7e"
106
^„^,
.1917 1471s 150
James River Val.— let, 68.'.'.'i9'3'6
llacRensack Water- 1st, 58..19;i0
Albany & Susq.-lst, ^'.",78.1906
132
Spokane A Pal.— let, 68
Henderson Bridge— Ist g. 68.1931
1936 1081s
1st, cons., guar., 68
1906
121
St.Paul A N. P.— Gen., 6e..l923
Iron Steamboat Co. 6s
1901
Kens. * Sar.— 1st, coup., 78.1921
Helena&RedM'n— l8t,g.,68 1937 i'dsis 1221s Nation"! Starch Mfg.— Ist, 68,1920
1471s 149
100 101
DuluthAManitoba— let,g.6el936 '1071s
Northwestern Telegraph- 7s, 1904
8418 87
Dul.AMan Dak.Div.— l8t6B.1937 107
People's Gas A Coke (Ist g.68,1904
116 118
Cojurd'AJene— l6t,6s,gold 1916
5 2d g. 6s, 1 904
'•i^^f^Ja^sr'-^"''-:
111% Co. , Chicago
Gen. l6t,g.,6s
Philadelphia Co.— 1st s. t. 68.1898
let eit.. gold. 5a'.:;;:
1938
1937
Cent.Washlngton- lst,g.,68.1938
West, Union Tel.—7s... 1875-1900
Eq.<fein.p.,g.,58...; :
108
JmI
NorfolkA West.- General, 68.1931 119 121
Woodstock Uon— Ist, g. 6s... 1910
Mobile i Birm.-lBt,
g 5e'"in37
New River, Ist, 6s
Alabama Central-le!68.;:i918 85
1932 111
Imp. A Ext., 68
Erie-lst, extended, 78..
:.1934 10913
iso?
119
Adjustment M., 78 .
Itnlliiled BoudK.
1924 109
2d,ext-euded,58.....:
Jnia 118 120
Equipment, Ss
Ala.&Vicks.-Con8oLSg.,1921.AAO
3U, extended, 4128
1908
::']923
"98'
Clmch Val. IstSs
112
2d M., income tUr94, 1921.. AAO
4th, extended, 5b
1957
100
1920
Ogd. A Lake Ch.— Istcon. 6s.. 1920
119
Vicks. &Merid.,lst6s, 1921.AAO
5th, extended, 48. .
"laos
103 >« Ohio A Mies.- Cous., S.F., 7s 1898 i'l'sis i'is
Atlanta A Charl.— let 7s, 1907. JAJ
let, cons., fd. coup.,
tg.
..1920
I3714
2d consol. 78
Comstock Tun.— Inc.48, 1919.MAN
Reorg., 1st lien, 6e
1911 123»s
..1908
114
Springfield
Coupon, 78
40
1909 85
Atl. & Char.— Ist, pref., 78 ) 897
112
do.
Income, 6s
1900 10513
Rome Wat. A Og.— Ist M., 78. 1891
'45
St. Jos. A Gr. Is.- 2dinc
1925
Kan. C. A Omaha^lst, 58..1927
85
St. L. A. A T.H-2d m. inc.78.) 894 106
107»«
Dividend bonds
1894 51
53
Bellev. A So. 111.— let, 86...i896 114
Belle V. A Car.— Ist, 66
1923 106
Chl.St.L.&Pad.— Ist,gd.g.58l917 101
St. Louis So.— 1st, gd. g. 48.1931
84
^
do
2d income, 5s. 1931
50
Car. A Shawt.— let g. 4e
80
1932
108i«
St. L. A L M.— Ark. Br., 1st, 78.1895 106
St. Lou A S.Fran.— Equip., 78,1895 100
General 58
99
193
Ist, trust, gold, Ss
1987 91
Kan. City A 8.— 1st, 68, g...l916
98
Ft. S. A V. B. Bg.— let, 68 ... 1910
115
St. Paul A Duluth— Ist, Se.
.1931
2d mortgage 5s
1917
106%
St. Paul Minn A M.— let, 78.. 1909
2d mort., 6s
1909 118
Minneap. Union— 1st, (is
1922
Mont. Cen.— let, guar., 6e..l937
117
East. Minu., Ist (Uv. let 58.1908
San Fran. A N. P.— let, g., 5s.l919
10»
e. f., g.,
. .
SO
90
95
1916
A Danv.— Debenture 6s. 1927 105
Rich.
l8t,68
lom
97
. .
95
120
116
118
120
AY.—
A
A
^
46
.••••
. .
.
"o™&
Peoria A Pek. Union— let, 6e .1921 •110%
2d mortg., 4136
1921
67
Phlla. A Read.— 3d pref. convert
44
Equip. M.
.
105
Ask.
Bid.
'29"
1951
Ist, gold, 31SS
121%
Bt. L. Jacks. Ji
1st, guar. (564),
Fla.— let,
N. Ha veil & Derby, Cons.S8..1918
114
Hons.* Tex.C.— let, m. 1. 7e.Tr.rec.
Weet Dlr. 78,Tru8t receipts. 1891
1901 *107
let Waco & XOT.— 7s
2d m.88.M. 1. Trust receipts. 1913 'II3I2
Gen. mort.68,Tru8t receipts. 1925
70
80
106%
lUinoie Central— let, g., 48 ...1951
•111
100
111
6s. gold, series A
1908 115
75
Ches. O. & So. West— 2d, 6s. .1911
Chicago & Alton— 1st, 78
1893
Sinking fund, 68
1903
Louis. & Mo. River- Ist, 78.1900
2d, 7s
1900 112
<t
SECURITIES.
Ask.
Bid.
Grand Rap. &Ind.— Gen. Se..l924
Green B. W. *St. P.— Ist 6e.. 1911
2d Income, 2d subs, paid
Houeatonic—Cone, gold Se.... 1937
(Stock F.jcehange Prices.)
Oeotral Paclflo— Gtold bds, 6s, 1895
Gold bonds, 6b
1896
Gold bonds, 68
1897
Ban Joa<inin Br., 6g
1900
Cal. & Oregon—Ser.B.Bs... 1892
Mort. KoldSg
1939
West. Pacific—Bonds, Ss. ... 1 899
No. Railway (Cal.)— Ist, 68.1907
SO.year Ss
1938
Ches. & O.— Pur. M. fund, 68.1898
rvoL. LI,
t^XCUkyH^.—INACTIVE BONDS—fContinuedJ -Latest Quotation.
Ask.
Bid.
SECITEITIES.
1
—
105
111
80
_,
102
'
1021s
S
.
'
B.N.Y.&E.-]et,78:::
.1916
^Z'aIa ^- * W.-C0I. tr.,68.1922!
Funded conp., 58
90%
Income, 68
1077
Buff. A s. w.-Mortg:'(58;;;;i908k66"
Jefferson— 1st, gu. ^ 5s
looQ
;.
igfigl
Dlv.— ist 78::
General
um Ohio River RR.—
Se
"91
>i
75
: :
:i905 114
1932
i8t','5'8::::;:;i936
General mort., gold, Ss
1937
Ohio 80.— I;;come, g., 6b
1921
Oregon A CaUfomla- 1st, Ss 1927
Oregon Imp't^-Cons. g. Se ... 1939
Oreg. By ANav.-C^L tr; g..5s. 1919
,
JSvan.
&
T.
H.— Ist,
cone., 68.1921 *
119
1923*
115
FHn?t $ 'v",?'*"-:}''^ cons..! 926! -i09"
p- Mw-Mo;i.:6 ::i92oVi2o
121
^\^l *
581939'
ria. ten. & Pen.—
Fla C>n"rp'^
ist g. Ss. ... 1918
''idSS'rt.t7r^'-^«»'«''l«i« 99
- _We8t.D|v..-2dfi .
95
98>a'
•
iC'*-^?""'"— I»t68
£*S|^£iut^58-^«««
\^^
•No P««e *«day;
rt
100
91
92
Kt^-
Ft. W. A C.-l8t, 7s.. .1912
2d, 78
1912
3d, 7s
1912
Clev. & P.-Cons.,'e.'fd:,"78:i909
4tb, sink, fmid, 68
1892
St. L.V. A T. H.-'lst, 6e., 78.1897
.2d.7e....
18981
2d.guar..7e
these are the latest quotations
made
this
i898
115
100
Pac— 1st
68,
Consol. 5 g, 1923
Income, 5 g 19ii3
,
1922
921s
70
99
120
24
95
80
102
123
26
JAJ
nils
AAO 110% 7813
77%
AAO
22
25
10
15
70 ....•
911s K»uawhaAMich.—l8t Interim cert.
Little R. A .Mem. - 1st 5g, 1 937.MAS
74
73
;L.N.A.AC.(C.AL),lstUg,1911.FAAi
Mem.ACharl.- Coii».7g., 1915. JAJ i'l8" 125
96
'Mo. K. AT.—New 4s.. when issu'id
791* 7914
New 2d certs
When issued 49
50
37
32
144 ,N. Y. A G'd Lake— 1st 6s, 1908.FAA
142
135
Georgia
94
116
89
2d mort.,
6b,
1908
F&A
Nor.Piic.-P.d'Or.Div.08,1919.M&8
Mo. Div., 68. 1919
MAN
12713
102 102 is| St L.Ark.ATcx.-lat4B.Wheu iBsu'd VqiJ^ Vi'
When issu'd 41
2d 4s, Income
112%
42
St. P. E. Gr. Trunk-6g.,1913.JAJ 104
103
*
;;-^(?st.Nor.Car.
1
101
week.
i\
J.
.
August
ao,
IBE CHRONKJLK
ISM.J
PRICES AT
NEW YOBK STOCK E.VCHANUE
Aufftul 29.
IJIACTIVE Stocks.
H Indlratoo unlliitud.
100 37
100 169
98
<
101
Fltts..lOO
35>9
100 77 >«
Burl. Cedar Riiuldn & Nor.. 100
25
Ciilifdrula I'ai'ltfpll
12
100
C'wlar Kails A: Mliniesot*
2
100
Ck'velaml & I'ltlslnirtt
50 15S
Cohmitila & (irceiivlllo pf..l00
33
Dt'H Molin'H& Kort UodKe.-lOO
6
Preferred
100
Atlan.U-.lOO
Preferred'1
100
Flint & Pere Marquette
100
15
Jan.
35
14
4
25
10
Jau.
Mar.
521a Fob.
35"
8
30
5
18
23 >9
29iii
Apr.
103'..!
11
June
9\
2ais
12
9
16
16
31
61
65
3
7»9
131s
Mar.
June
Feb.
Feb.
IHUMay
AuB.
July
100 60
50 1151
Newport News & Miss. Val.<; 100, 16
Kssex
HI AuK.
65 AuK.
33 14 Anit.
75 May
115 July
I
!
2513
•
.35
179
39
II3
421a
14%
LelifKli
A
I
I
154
'
I
Phila. 'Natural Gas
Postal Telegraph -CableU
Quicksilver Mining
Preferred
May
May
June
Wells, Fargo Express
68 H) May
25 Jan.
16 Feb.
91 Jan.
71a Apr.
36
90
290
59
31
6
Ilia
4913
Jau.
May
Apr.
Mar. 100
Jan.
Monday,
Aug. 23.
Aug. 25.
Tuesday,
Aug. 26.
41%
42
Atch. T. & B. Fe (Bonloiij.iOO
4138 41T8
••
Atlantic & Pa*.
100
6=8
7
Baltimore <Si Ohio ( Ball. J. \00 1041s 107
"
1st preferred
100
61a
'
"
100
Bell Telephone CBo»ton>. 100
"
Boston c& Albany
100
"
Boston & f.owell
100
"
Boston i- Maine
100
Central of Mass.
"
100
"
Preferred
100
"
Chic.Bur..'t Quin.
100
"
Chic. & W. Mich.
100
Cln.8au.<kCleve.
50
'•
Clevc. & Canton
100
•'
Preferred
lOO
"
Eastern pref...
100
"
Fltcbburg pref.
100
FL & Pere Marq.
•'
100
•'
Preferred
100
Hunt. & Br. Top.CWii/a;. 50
"
Preferred
10
Lehi'hCoal*Nav
"
50
"
Lehigh Valley
50
Maine Ceutral (Boston J. 100
"
Mexlean Central
100
N. Y. & S. ling.
"
100
2(1
jireferred
224
224
229
177
206
177
206
223
228
206
20>3
41
42
101%
102
102
10214
43
26
27
118
224
228
177
209
2J8
207
6%
608
107
125
115
223
105''8
*I25
115
125
207
177
208
206
21
20%
20% ....
43
41% 42% 43 ....
10238 102% 102 103
102
41
41
42% 42%
• 26%
28
871a
871a
229
29
26
52%
88I4
88
88
93^8
34
94
88
8914
88
25
94
2018
46I4
511a
5214
46%
51%
52%
Jan. 151177 July 11
July 1 235 Apr. 8
50 14% Jan. 9 23% July 21
130 29 Jan. 3 45 May 21
827 IOOI4 Aug. 21 111% May 9
60 27 Feb. 19 46% May %
290 2314 Mar 13 32% May 21
....
43
29'8
22
134
51»8
5214
20^8
473s
51=8
52=8
21% 21%
20%
2II4 21i,„-21»,«
Leading Bokos.
Ask.
35%
21 14
i
50
(Boston)
....
1
232
14
33'8
82%
165
53 14
"21%
:
!
'
:
Feb. 18
8
May 7
5738 Aug. 11 68% Jau. 3
21
24 x225%Mar.; 23338 Aug. 21
12 Mar. 6 13% Mar. 21
23
7% Mar. 25 I214 May 27
2,119
9% 10%
i
Leading Bonds.
Aak.
Bid.
61=8
233%
Ask.
Bid.
29
Mex.Cent.-2d con,lne.,38, non-cum
N. Y. & N.Eug., Ist, 78, 1905, J&J §125" 125%
M&N
116%
1905,J&J
1st mort. 68
2d mort. 6»
2d mort., scaled,
1902,
5s... 1902,
F&A
F&A
North. Central, gold Os, 1900, J&J ii9% 116
1926, J&J 109 110
Series A, 5s
128
North Peun. gen. M. 7s, 1903, J&J t
128
118
Pennsylvania gen. 68, C..1910, Var
1905. Var iiio"
-225%
Consol. 6s, c
Consol. 58
1919; Var 114
Burl. <fe Mo. River Exempt (is, JAJ 5117%
idsi*
1913, J&D
Collat. Tr. 4% g
CapcF.*YatL,Ser.A.,6g..l9l0,J&D 105% 106
I916.J&D 103 IO314 Pnlla.& Erie gen. M. 5g.,1920. A&O iii"
8erie8B.,6g
19-20, A&O
i66'\
Gen. mort., 4 g
1916. J*D 10414 104%
Series C, 6 g
69°e
32
Phila & Read, new 4 g., 1958, J&J
Char. Cin.&Chle.l8t5g, 1947, Q-J
"76% 71
110
Isl pref. Income, 5 g, 1958, Feb 1
Charl.Col.&Aug. I8t78, 1895, J&J 108
102% 2<1 pref. income, 5 g, 1958, Feb. 1 91% 92
Chic. Burl. A Nor. l8t.5,1926. A&O 6102
41%
1918, JiD 5101% 102
3d pref. income, 5 g, 1958. Feb. 1
2d mort 68
41%
Consol. mort. 78
1911, J&D
1896, J&D J
102
Debenture 68
1911. J&D 1110
Consol. mort 6 g
Chlc.A W.Mich, gen. 5s, 1921, J&D i 91
ImprovementM.6 g., 1897, -V&O 104
Eastern 1st mort. 6 g., 1906. M&8 5
126
Con. M ,5 g..stampcd.l9-22, M&N 1100 io6%
EastonA Am. l8t.M.,5s,1920,MAN 1
115%
Pltt8.& Connells. Ist7s. 1898. J&J 119% 116
Ga.Car. & Nor. 1st r,.n.. 19'29. J&J lOl's 102
8114 81%
Poughkeepsie Br. 6 g. 1936, F&.\
91
K. C. F. 8. & M. con. 68, 1928, M&N
1914, Q— J (108
108% Schuyl.R.E.Side,]8ti5g., 1935, J&D 1106%
25% Lehigh Nav. 4%8
iii"
1897, J&D 1113% 113=8 Virginia Mid., Ist Cs... 1906. M&6 119
94
2d 6s, gold
1911 M&S 113 119
2d Series, Us
Genemlmort.4%8,g. 1924,0— Ft
86
,102%
1916, M&S 110 111
3d Series, 68
61% Lehigh Valley, 1st 68... 1X98, J&D 114
1921, M&S
1910.M&8 136
4th Series, 3-4-58
42
2d 78
1 926, M&8 102% 103
5th Series. 98
1923, J&D 1134
Consol. 6
125
74% West Va. CAP. lst,6 g.,1911, J&J, 109 14109%
Mexican Central, 4 g... 1911, JAJ 6 74
27
Isteonsol.incoorae8,l3g,non-cum 5 40''8 41%
309% 310
50 53
& Augusta
100 20
Connecticut A Pass. .(Boston). 100 117%
Connecticut River. ..
"
100
Delaware A: Bound Br.( Phila.) 100*170
Har. Ports. M t. Joy &L.
50t 81
Illinois 8teel
"
100
Little Schuylkill
(PhUa.). 50
Louis. Evans. & St. !..( Boston). 100
Preferred
'
100
Manchester & Law..
"
100
Mine Hill & S. Haven (Phila.). 50 70
'*
Nesmielioning Val
50 t 9514
Northern N. H
(Boston) 100
Northl'enusylvania-. (Phila.). 50 1 86
Rntland
(Boston). 100
Preferred
"
100
Thonison-Houson El..
"
25 49%
Preferred
"
25 25%
WestEnd
"
50 t
Preferred
"
50 89%
West Jersey
(Ph ita.) 50 t 61
West Jer8<-y & Atlan.
50 t
Wilm. Col. & Augusta (Ball.). 100 110
Wisconsin Central. .f£o»(<»i>. 100
26
Preferred
"
100
47%
119
69
15% Apr. 1 23% June 10
446 42% Mar. 24 49% May 16
749 51 14 Aug. 26 54 May 22
1,734 51% Mar. 14 34% May 19
20 130 Feb. 10 156 June 16
11,470 17 Jau. 20 31% June 9.
3,087 4338 Jan. 8, 5238 May 16
20 113 Jan. 3 121% July 17
50 65 14 Apr. 28 71 Jan. 6
5,158 30 Mar. 6 39% June 104,914 71% Mar. 19 86 May 19
211 1C2% Aug. 28 179 May 1
19 56% May 1
2,055 53 Juno 1
100 26''8 Jan. 2 .36% May 21
36,884 1734 Jan. 8 24 ',6 May 192,.5fll
'
10%
Allegheny Val., 7 3 lOs, 1896, J&J 109 1 10
At.Top.&8.F.10O-yr.4g.,1089,JAJS 83=8 84
100-year income 5 g., 1989.Sept. 5 66% 66%
Atlanta ACharl., I8t7s, 1907. J4J 121% 122
30
152
27
82%
24
91
6
61%
61=8'
Leadisg Bonds.
102
'"il5
22%
35% 35%
20%
352
94
22*^8
22
6 12 May 8
Apr. 22 2914 May 29Jau. 31150 Mar. 17
Jan. 2I 9514 May 21
Feb. 4 39 May 2
Feb. 10 104 Mav 2
631 Jan.
...
...
47% 47%
5114 51%
20% 22^8
46% 47 14
sm
*6%
Bid.
94
1
1,173 187
88% 89
89 >4
29
94
Highest.
30 14 Jan. 15 90=8 May 21
4''8 Jan. 22!
914 May 15
97% Jan. 22 107% May 23
126 Mar. 20130 July 8
112 Jan. 141118 Mar. 28
199% Jan. 2,240 June 12
215 Jan. 18)231% Aug. 14
68
13 168
207%
41%
29
1890.
:
101% 102'e
22 M 22%
22%
47 14 47 14 4738
51% 51%' 51=8
5214 5i%' 52%
52
5214 5238
52%
•
J 55
152
152
2638 2738
23% 26
iieU 26%i 2«»8
2558 27%
46% 47% I714 47% 46% 4778 47=8 48%' 47%
'118
119
119
118%
119
"68%
•68%
'"68%!!!;; J 6834 6S%
68
"3314
33I4I
32 "4 32 14 32%
3314 34
33%
33
8058 80%
82
8134 82%
82% 82%! 8238
165 165
164 164% 163% 163% 162% 164
165
93% 5314 53% 53 ^ 53% 5314 5314 5338 5314
20
46
pf. (Phila.
and aske 1; no
43
43
103
8
03''8
88
Atlanta & Charlotte. (Bolt.) 100: 100
Boston & Providence. rU'wfon; 100 253
Prices bid
20%
*
21
26
26
91
50
100
(Bait.)
"
224
229
176
207
177
207
135
116
225
230
176
148
IxACTivE Stocks.
Central Ohio
115
223% 324
224
229% 229 230
'175
40
24
....
130
Lowest.
36,414
105% 106
223
228
26
Prifcsof Auffust29.
Charl. Col.
6%
6=8
42%
...
.
Camden & Atantic
Calumet i Itecla
4214
10614
105%
59I4 5914
Union Pacihc
59% 59% 60% 61
60% 61% 6II4
UnitedCos of N.J.r/'/i<7n.;100 233 233
'232
232
232
232
' 12
Western MarylauiiC/f"«.;. 50
12
13% 12
14
12
WesteniN Y. A- V.U Pli ilu. j 100
914 10
9% 9ie
9=8
9%
9% 104
9=8
.
Shares.
June
190
Week,
Aug. 29.
42%
42
42^8
•8
'
'
rSos/oji;.
65g
...
224
228
177
206
'
41%
43
1061a
118
26I4 26I4
46'8 4714
"
Preferred
lOOi 118
1191a
Northei-u Central ("BhW.;. 50
681a
Northern Patlflc fPhilu.). 100 3219 32%
'•
Preferred
100 80% 80Te
Old Colony.... 1 Boston ). 100 165 166
Pennsylvania.. (PhUa.). 50
5314 53I4
Philadel. i Erie.
"
50
Phila. & Heading
"
50 20'8 2li8
Summit Branch
41^8
Friday,
Thursday,
Aug. 28.
Wednesday,
Aug. 27.
Jan.
91a June431a June
90 Jan.
of the
Saturday,
May
Jane
35
PRICES AT BOSTON, PHILADELPHIA AND BXLTim.ORE.—f'Full list given 3d Saturday of each month.
Sales
tjf Share Prices — uot Per Centum Prlves.
Range Since Jan. 1,
AcTrvB SrocKS.
June
Apr.
Feb.
June 300
Jan.
66
Feb.
351a Feb.
144
Hay
Jan.
Jan.
July
10.51a Juno271-2 Aug.
May
80
Mar.
Jan.
101 >2 Apr.
221a Jan.
521-jAug.
23 June
13 Jan.
I
U.S. Express
Feb.
i
100
100
100
100
May
Mar.
Aug.
70
135
50
50
Aug.
May
Jan.
421a July
191a June
32
75
120
Aug. 87
2714 Apr.
36
15 Jan.
33
!
I
91a
Mar. 196
18
61
113 14
82 '4
i
Ore(?»n Improvement., pref. 100
Apr.
Mar.
1
931a
421a July
10 Jan.
1
Pennsylvania Coal
Aug.
Jan.
150
100
100
100
100
Ontario Silver Miniue
Biohett.
Apr. 119 Juno
Aug. 46% Anu.
Aug. IS Jalr
Mar. L57 Jane
Jan.
»o Mar
Apr.
41 Mar
Jan. 185 Mar.
Aug. 461a May
Jan.
4 May
Feb.
681a JuneJan.
2013 May
17
Wilkes. CoalU
New Central Coal
In 1890.
38
100
Maryland Coal
Minnesota Iron
2l>.jJan.
May
ism
Couscil. Coal of Maryland... 100
100
Laileili' (ias pref
,
Milwaukee A Northern
80
40
A Western
6
May
671a July
115 July
I514
10 Jau.
I514
95
82 May
901.2
ei4
81.1
I'B July
50 Jan.
62 12
149 Mar. 1561a
17% Feb. 18
17
Preferred
112
.'jO
Marq. HouRliton<& Onton..lOO
Preferred
100 87
Mexlean National
100
15
May
May
7
Juuo
14
29
58
30
90
44^8
12
16
Brunswick <'oini>auy
Columbus & IIoekiuK Coal
Cominenial (^able
Au)?.
6
8
46>«
100
Wayne A ChlcaKclOO
991.2
31a Jan.
3
it
& Kastem
. .
14I4 Mar.
lO's May
97 13 Mar.
'"9"
lOOi
'.1
110
'
(tatet)
Lottttl.
'
July
UK'i
Mar.
Rangt
29.
Asked.
H
Feb.
AUK.
"ii"
7
100
100
niii
15
24
Tnilextet actual $aU$.)
lOo!
Preferred
50,
1 00
Rensselaer li Saratoira
100
St. Ix>nl8 Alton AT.
South Carolina
100
Toledo A Ohio Central
10
Toledo Peoria & WesternH 100
Toledo 8t. Louis & K. CltyH ....
lOOl
VlrKlnia Miilland
iniiieellaiiooua 8tocka.
Adams K xpre SB
100
Aniorlean Hank NoteU
50
Auieriean Cattle TrustlT
Aiuerleau Cotton OH Co. IT.. 100
1 00
Pref crredir
100
Anieriean Express
100
Am. Teleiirapb * Cable
May
May
May
27
95''8
"a"
Pembrolte
50
Ix)ul8vllle Kvaus. it St. l,...10O
Preferred
100
Louisville St. L. & Texa8lI..100
MahoniuK Coal
50
&
Feb.
Feb.
20
22
. .
Morris
Peoria
llHi May
OI'm June
Jan.
i% Mar.
Bid.
LMk. A Weatoni
Plttii. Ft.
Feb.
Mar. 157
3.')
Apr.
154
25
(t
Augutt
North Atner. Co
July
Apr.
Apr.
II
KO
35
26%
Illinois Central leased line8.100,
Preferred
A pi
Apr,
May
Ma,
May
Juno
107
39
76% Jan.
21
100
OeoFKln Paelflcli
100
Green Bav Wlu. it St. Paul. 100
HouHtnn & Texas Central. 100
Klnttston
01 \
78i«
8
Preferred
i^-
May 175
_
Jau
37 '4 June
35\
&
Kanunint & Mleliiiran.«I
Keokuk
Ues Moines
35
Aor.
101 13 Jan.
40
Preferred
Hhorc
35
171
88
SrOJK^.
ludlcateii unUitod.
Plttjtbur«
37"
Diiliith 8.
I
120
BoHioiuVN. Y. Air Mm- pref.lOO
Bnioklrn Kli'Viited'
100
Biiiriilu Rn<-Ui-!'t«T &.
IT
N. Y.
Atliiiilii ,V Cliarlcillc Air I.U.IOO
Bcllfvlllr A- Soiitli. 111. j.rcf
271
Inactive Stocks.
UigheM.
Lowtil.
I
HuH<|iirhiiuiia
.1'
(Contlii09(l)-rV.4C'i'/P'i5
Kanife (taUt) in IHBO.
Asked.
Bid.
Kallroia<< Mlorka.
Alnbiinm & Vli-kbiiric'l
Altuinv
J
:!
.
Atlantic City Ist 5s,
sale at the Board.
g..
1919.
A*0 101% 102%
1925, F&A 100
108
Pitts. & Conn., 5 g.
Bal.&OhioH.W.,lst,4%g,1990,J&J
99% 100
Bel\-idere Del., 1st 6s, 1902, J&D
55
Baltimore
&
Ohio 4g.. 1935,
.
.
41%
1
i
1
1
1
!
,
t
No
price Friday; these are latest quotations this week.
5
And accrued Interest
. ...
.
..
.
1
.
THE CHRONICLE.
272
[Vol. LI.
Latest Earnings Rejyorted.
%niatstmtnt
BoADe.
Week or Mo
1890.
1889.
Jan.l
to
Latest Date.
1890.
1899.
AND
Flor. Cent.A P.
Ga. Car'la A No.
Ga. BR. A B. Co.
Geo. So. AFIa..
Gr. Rap. Alud..
Cin.R.A Ft. W.
|JaiIr0ad %nUllxQtnu.
The Investors' Supplement, a pamphlet of 150 pages,
<»ntains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
Other lines.
Total
jIFce/corifo
AUeghenj- Val June
AonistoD & Atl May
Auoiston & Cin July
Ateli.T.&S. Fe. 2d wk
Half owned
2d wk
Total s.Tstetu. 3d wk
6t L.&SanF.. 2d wk
Half owned.. 2d wk
Tot.S.L.&S.F. 3d wk
3d wk
AKg. total
Atlanta & Char. June
Jan. 1
1890.
to
1889.
219,848 239,587 1,199,4991 1,092,368
5,158
7.184
33,539^
41,666
12,576
87.911
8,930!
64,193
Aug] 573,139 492,869 17,912,883 14,502.178
Aug
26.469
26,2281
985,187
902.813
Augl 615,054 511,223 19,538.372 15.916,207
Aug, 126,492 122,4611 3,689,870 3,293,952
Augl
25,659
25,927
Aug! 1«5,023 151,862
Augl 780,077 663,086
109.117 102.554
806,332
709,770
Atlanta & Flor'a July
6,276
13,270
63,108
45,607
Atlanta* W. Ft July
31,794
23,334
245,768
226,050
Atl. A- Danville. Julv
42.444
36,136
2ri 1,571
195,314
B.&O.EastLtnes J'lly
1, 569,4671,493,622 10,402,783
9,149,032
470,253' 441,048! 3.059,721 2,750,155
Western Lines July
Total
July
2, ,0J9.72o 1,934,670 13,462,504 11,899,207
Bal.&O.Soutliw. 3d wk Aug
48,840
48,990 1,417,612 1,284,037
Bait, ft Potom;xo July
142,955 125,232
972,051
912,655
Beech Creek
June
85,702
25,448
493,228
358.158
Bufl.Roeh.APil' 3d wk Aug
49,156
40.734 1,313,303 1,239,808
Bur.C.Rap.&N M\ wk Aug
70,804
69,566 1,832,552 1,676,053
Burl. & Nortliw. July
5,3J6
5,297
32,556
32.568
Burl. & We.itcrn July
4.700
5,-'04
32,623
30,252
Camden & Atl. July
1 22.004
107,678
430,342
381,873
Canadian Pacifle 3d wk Aug 317,000 305,000 9,378,265 8,667,022
Cp.FrAYad.Val July
42,581
27,243
291,127
217.553
Cen.KK.ABff.Co 2d wk Aug 202,525 177,770
Ceutralnf N. ,1.. July.
,317,759 1,312.597 7,379,779 7,332.998
Central Pacific. June
,362,688 1,326,023 6,881,196 7,117.898
Central of S.C.. June
7.019
5,6.54
59,831
50,244
Centr'l Verm'ut. Wk Aug 2.
70,168
68.829
K.Londou Nor Wk Aug 2.
12.993
13,402
Ogd.&LakeCh Wk Aug2.
17,737
16,997
Tot. system. Wk Aug 23
101,917 102,759
Cliar.Cln. AChic June
8,427
.57,857
Charlest'DcfeSav .Tune
39,233
40,689
367.293
323,667
Char.Sum.&No. Tune
3,761
1,572
25.778
14,471
Chat.R'ine&Col. July
31,0iX»
22,899
203.185
138.768
Ohatt'n'gaUnl^u .July
11,925
10,263
66,473
62,013
Cheraw. & Darl June
6,729
4,3»9
47,858
38.297
Che.s. AOlilo.... 3d wk Aug
160,873 146,971 4,658,129 3.627.569
•cues. O. &8. W. July.
188,803 181,050 1,122,238 1,121,864
Cues. &, Lenoir June
4,850
4,649
34,139
34,567
Chlc. A Atlantic. 3d wk Aug
56,837
49.171 1,728,900 1,361,475
•Chic. Burl. & No. June
149,107 141,861
903,476
032,293
Chic. Burl. & Q. July.
.721.399 2,671.746 19,65>',424 18,018,272
Chic. & East. 111. 3d wk Aug
75.815
66,068 1.931,042 1.618,.891
Chic. Mil. ASt.P. 3d wk Aug 516,500 503,024 15,275,907 14,498,173
Chic. &N'thw'u. July.
,461.128 2,267.573 14,674,848 13.378.303
CUic.Peo.&St.L. .May.
31.082
28.016
159,038
135,928
Chic. Rock I.& P. July.
1,275,10.9 1,354,253 9,262,449 8,668,720
Chicrtt.L.i&Pitt. June
506.607 375.313 3,208,960 2,667,521
Chic.St.P.&K.C. 3d wk Aug
91,525
80,119 2,648,428 1,818,804
Chic.8tP.M.<kO. July
539.926 507,594 3,545,589 3,246,683
Chlo. & W. Mich. 3d wk Aug
31,626
25.638
965,359
857,537
Chippewa Val July....
18.318
17,902
Cin. Ga. & Ports. July....
6.252
6.028
34.559
34,452
Clo. Jack & Mae. 3d wk Aug
13.979
15,352
409.011
366,95
Ctn.N. O. &T. P. 2d wk Aug
91,970
72.160 2,632,690 2.224.284
AhuOt. South. 2d WK Aug
39.731
33,031 1,147,744 1,031,637
». Orl. & N. E. 2d wk .Kwfc
19,473
13,635
767.068
584,929
Ala. &. Vieksb 2d wk Aug
10.839
8,731
392,173
323.361
Ticks. Sh. & P 2d wk Aug
9,569
9,168
329.597
315,276
£rlaui;er S.vsl. 2d wk Aug
171,582 136,725 5,269,272 4,529,487
Clnn.Northwii. July
1 ,856
1,905
11.310
10.158
Cin.Wab.&MiiU. Istwlt Aug
12,769
10.859
334.856
294,711
Ciev.Akron&Col 2d wk Aug
15,817
12,689
505,318
431,375
Clev. ii Canton.. June
50,822
36.074
246,373
195.483
CLCiu.Ch.&S.L 3il wk Aug 242,154 249,121 8,097,229 7,663,082
Peo. & East'u. 3d wk Aug
31 ,067
33.333
Cler. A Marietta July
26,317
21,411
164,773
146.674
Color. Midland. 3d wk Aug
34.600
33,507 1,177,800 1,025,867
Col. A Cin. Mid.. 4thwkJ'ue
7,113
8,153
156,780
163.211
Col.H. V. ATol.ljnly
269,471 219,581 1,560,265 1,322.245
Colusa & Lake. July
2,279
2.915
11,854
11,510
Covin. A Macon. July
11,722
77,21'
7,935
52,923
Day Ft.W.ACh.. July
39,229
38.591
276,609
268,531
DeoT. A Rio Or. .'Jd wk Aug 179,000 149,000 5,245,353
4,711,781
l>c«M. AN'westiJuly
15.500
16.543
113,847
90,341
Det.BayC.AAIpSd wk Aug
9.044
8.820
356,668
339,489
Itet.Lans'gANo ,-Jd wk Aug
23,992
22,.384
734,437
670,426
Duluthe.S.AAtl .Sd wk Aug
5.5,751
.52,592 1,398.872 1,188.236
.Tenn.Va.AGa. June
514.413 432,661 3,184.008 2,604,178
Knoxv. AOhIo June
53.944
40,110
326,579
li78,998
Total system. 2d wk Aug 146,900 116,896 4.390,522 3,585,5.43
KUz.I.ex.iB.8... June
61.116
50,991
367.996
391,017
Empire \- D'lilin July
3.264
19,833
Evau».Alnd'i)lis 3d wk Aug
7.388
7,620
174,212
180..399
gvansv. A T. H. 3d wk Aug
22.510
21,673
635,296
559.185
mtcbburg
June......
537.949 477,0771 2,971,776 2,646.045
gllnt.AP.Marq. 3d wk Aug
47.924
44,563 1,891.377 1.508.628
I
. .
.
I
.
1
.
:
1,095.229
8,678
150.238
158.936
1,254,165
41.220
137.000
39,190
2,620
33,233
7,142
7,475
90,188
19,378
83,386
8,395
3,439
19,523
11,639
5,801
66.203
29,471
11,275
496,965
24.973
30.873
378,440
53,950
1,330
53,776
Kentucky Cent. July
Keokuk A West. 3d wk Aug
Kmgst'n A Pem. 1st wk Aug
Knox. A Lincoln .Tune
Knox.C.G. A L.. July
Latest Date.
1
|
wk Aug
wk Aug
wk Aug
Kanawha&Mich 3d wk Aug
Kan. C. 01. A Sp 3d wk Aug
K.C.F.S. AMera. 3d wk Aug
K.C.Mem. A Bir. 2d wk Aug
I
.
3d
3d
3d
Iowa Central... 3d wk Aug
Iron Railway... July
J-k'nv.T.AK.Wo June
RAILROAD EARNINGS.
1889.
3dwkAug
A Chicago. July
Housatonlc
Tune
Humest'nAShen July
m.Cen.(lll.ASo.) July
Cedar F.AMln. July
Dub. ASio'xC. July
Iowa lines
July
Total all
July
Ind.Deo.AWesi. July
Interoe'nle (Mx) May
per copy.
The General Quotations of Stocks and Bonds, occupying
aix pages of the Cecronicle, are published on the third
Saturday of each month.
1890.
July
Gulf
4it fl
Latest Earnings Reported.
all lines.
18.579
3,565
107.501
67,223
61,354
10,622
4,698
76.674
416.099
72,068
24.635
27,201
2,734
130,518
11,700
Grand Trunk. .. WkAug.16
Chlc AGr.Tr. WkAtig.16
Det.Gr.H.A M. WTfAug.16
Gr.B.W. ASt.P. June
other month— viz., January, March, May, July, September
<ind November, and is furnished without extra charge to all
regular subscribers of the Chronicle. Extra copies are sold
to subscribers of the Chronicle at 50 cents each, and to others
BOADS.
-.
2d wk Aug
June
June
Erie All. A So July
L.Erie A West*. 3d wk
Lehigh A Hud.. July
L.
L. Rock A Mem. 2d wk
Long Island
July
Loui8.AMo.Riv. June
Louis.Ev.ASt.L. 3d wk
Loulsv.ANashv. 3d wk
Louis.N.AACh. 2d wk
I.iOui8. N.AACor. Jime
Louisv.N.O. AT. 2d wk
Lou.8t.L.ATex. 3d wk
Aug
Aug
Aug
Aug
Aug
Aug
Aug
4.556
36,930
64.704 1,881,177
29,383
194,061
310,940
11,602
444.117 2,107,431
36,949
196.845
25.358
755,874
368,125 11,828,39'
49,782 1,513.324
921
6,539
40,755 1,570,124
8,299
241.936
32,678
1,970
48.778
33,261 1,088,551
110,361 3,975,526
68,792 2,342,042
73,926 2,354,953
85,266 2,367,588
22,747
939.194
10,282
66,201
120,474
770.365
117,611 1,106,472
626,134 4,477,260
207,000 1,848.703
254.153
299,209 2,050,803
13,965
1.446
120,471
20,182
82.907
10,576
2,951,919 20,730,777
691,737
10.231
792,551
149,247
1,418.401
2:il,928
128.706
1,859.034
11,893,216
2,143,570
612,907
133,414
23,519
517,798
73,811
7,523,323
50,826
914,147
964,973
8,488,296
207,884
423,975
879,036
24,566
2:10,030
165.040
162.957
2,870,924
566,179
544,307
203.700
113,611
76,888
34,296
1,717,842
150,457
341,494
1,877,274
192,297
701.080
10,805,939
1,413,199
5,355
1,489,686
8,672
43,151
9,200
42,109
1,009,871
103,226
3,922,521
J,334.439
64,039
75,839
2,511,374
2,115,422
84,354
30.730
716,948
11,644
61,830
119,800
711,854
162,788
751.685
640,733
3,893,194
257,193
1,683,048
45,235
341,167
1,964,110
14,852
2,140
107,443
22,033
92.739
8,752
19,732.064
3,004,827
2,504,124 •2,538,440 16.228..501 14,735,022
553.150 549,128 3,402,518 2,915,192
528,905 492,069 3.327,200 3,091,177
329,127
44.405
307.094
55,153
62,840
51.404 1,342,523 1,167,279
741.233
860.160
149.799 140,301
148.901 151.918 4,386,733 3,669.624
328.115
41,912
386,913
32,274
579.890 543, S04 3.836,834 3.259.105
491.909 461,690 13,391,342 12.366.866
93,091 109,953 2,567,343 2,450,503
115,695
21,215
119,918
19,400
LouisT. South'n. July
Lynchb.ADur'm July
Memphis A Chas 2dwkAug
(Mexican Ceut 3d wk Aug
IMex. National 3d wk Aug
(Mexican R'way Wk Aug. 2
Mil.L.Sh. A West 3d wk Aug
Milwaukee A No 3d wk Aug
Mineral Range.. July
Miuneap.&St.L. July
M.St.P. A8.9.M. July
Mo. Kan. A Tex July
Mobile A Ohio.. July
MontereyAM.G July
Nash.Ch.ASt.L. July
Nat. Red R. A T. July
N. Jersey A N.Y. June
New Orl. & Gull July
N. Y. C. & H. R. July
N.Y. L. E. AW. July
N. Y. Pa. A Ohio Juno
N. Y. A N. Eni
July
N. Y. ANorth^n. July
N. Y.Ont. A W.a 3d wk
N.Y. Susq. AW. July
Norfolk* West. 3d wk
15.699
71,5.148
1.146
29,803
93,437
861.376
27,481
388.266
51,747 1,688,894
8,958
296,736
4.129
139,446
64,834 2,125,095
415.481 12,192,462
72,0,32 2,326,648
21,774
659,512
23,181
171,046
2,888
24,464
97,719
715.007
11,135
82,200
1,092,494 7,800,82^
6,984
.50,576
130,625 1,018,216
137.609 1,068,792
1,230.103 8,869,619
30,213
246,310
90,174
055,402
37,313
972,851
3,067
22,012
29,530
311,927
5,816
199,924
5,456
247,142
90,245 2.961.285
21,176
699,543
571,02'.:
91,139
213,951
8,070
2,934
100.183
14,316
97,128
Aug
Aug
N'thea3t'n(S. C.) June
North'n Central. July
Northern Pacillc 3d wk Aug
Ohio A Miss
3d wk Aug
Ohio A Northw.. July
6,'276
5,'203
924
Col. A Maysv. July
988
326,801
2dwkAug 17,011
Ohio Kiver
388.854
15,436
277,710
Ohio Southern.. July
39,754
292,385
32,716
132,457
86,442
Ohio Val. of Ky. 2dwkAug
5,201
3,531
263,374
Omaha A St. L., JiUy
42,612
346,378
42.024
Oregon Imp. Co. Juiie
385,229 343,809 2,038,747 1,986,849
Pennsylvania .. July
5,374,466 5,241,674 37,332,979 33,245.912
449.306
PeoriaDec.&Ev. 3d wk Augl
474.451
17,828
17,243
288.644
July
Petersburg
45,207
329.137
36,076
Phila. A Erie... June
447,353 318.926 2,436.157 1.960,736
Phlla. A Read'g July
11,810,983 1,804,311 11,502,510 10,274,181
Coal AlronCo July
11,795,841 2,067.416
Pitts.Cin.&St.L. Juno
477.476 369,339 3,0OK,85O 2,631,866
11,457
Pitts. Mar. A Ch. July
2,833
20,867
2,109
679,509
Pittsb. A West'u'June
126,100 114,790
708,139,
243,391
Pitts.Clev.&T. June
39.865
234,011
39.791
142,163
Pitts.Pain.&F. June
29.123
133,671
28,890
Total system 3d wk Aug
48,184
47.253 1,390.007 1,394,041
Pltt.Young.AA. July
626,176
130,906 120,361
802,030
152,026
Pt. Royal A Aug. June
13,252
165,788
14,675
179,249
Pt.Roy.A W.Car. June
20,728
194,753
17,496
Pres.&Ariz.Cen. July
73,046
73,874
13,957
9,149
140,031
QuincyO.AK.C. July
135,143
20.237
17.447
Kich.&Danville. July
427,000 401.900 3,253.191, 3,000.738
Vlr.Mldland.. July
206.100 192.800 1,277,465, 1,149,411
515,ii45i
48.S,7'20
Char.CoLAAu. July
77,075
75,174
457.893'
383,579
Col. A Greenv. Jiily
48,950
43,305
502,066
West. No. Car. JiUy
533,183
07,275
62,288
731,792
Georgia Pac .. July
129,700 103,925 1,020,748!
62.022
Wash.O.A W.. July
71,773
11,775
11,646
64,914
Ashv. A apart. July
74,164'
10,475
10,117
Total Sys'm. 3d wk Aug 257.225 256,825 7,946,504: 7,107,917
109,402
Rich. A Petersb. Julv
204.243
33.039
27,866
Rio 6r. West. .. 3d wk Aug
869.445
29,550 1,063,395
43.050
21,250
Rome A Decatur May
42,050,
4,750
8,200
Rome W. A Ogd. June
320,903 281,379 1,871,487; 1,539,283
61.204
Sag.TuscolaAH. July
51,787
11,525
10,895
St.L.A.AT.H.B's 2d wk Aug
602,097
735,659
28,360
22,397
8t.L. Ark. ATex. 3d wk Aug
73,316 2,254,523! 1,924,057
76,206
32,995
Bt.L.Des M. A N. July
59,62
1 2,571
5,937
8t. Pan A Dill' th July
031,033
761,467
139,625 122,154
8tP.Min.AMan. July
746.328: 638,699 4.636.366, 3,936,601
103,932
East, of Minn. July
313,931
44,938
60,768
453.799
MontauaCcut. July
589,448
103,421
84,388
Total Sys'm. July
910,518 768,026 5,539.736, 4,554,353
684.651
B.Ant. AAr.Pass 2d wk Aug,
908,613
24,770
32,415
434.760
B. Fran.AN.Pac. IstwkAugi
426,325
17,915
16,553
e6.930
8av. Am. A Mon. July
171,842
33,827
10,963
159.317
254,494'
Seattle L. 8. A G. 3d wk Aug
6,106
9,395
I
i
'
I
I
!
!
I
|
I
...
.
.
AoacsT
. .
.
-THE CHRONICLE.
80, 1890,]
Latett Karningt Reportttl,
Jan. I
lo Latett
Date.
3rf
Road*.
.
Wttk or Mo
18S0.
1889.
1800.
"2%
wrek of A itguil.
1800.
1880.
1889.
[nereatf.
~~9
«
53.684
114,000
105,000
7,803
SolotoViil.AN.E. July
BaeiiHiidnnU Vn. July
South Ciirolluiv IJuly
Bpikr. I'u.
t1[
June
C'ul
Bo. rue tip Co.—
Gul.llivr.A8.A.'juno
9
9
S
63.511
87.794
90,661
380.853
708,193
6,843,
58,144
353.89D
480.603
723.431
55,239
79.8,313
Toledo Ann.A.ANo.Mleli.
Toledo Col. A CInn
Toledo A Ohio Central ..
Toledo 8t.L. A Kan. City
I
303,304
87,666
417.117
Wc'^t. June
Miiruan's I,*T. J uiio
l.(»iits*a
.
PacMli' svsinn Juno
Total of all.. Juno
Bo. I'uo. K14.—
Ko. Dlv. (Cal.).Iuno
Bo. Dlv. (Cal.) Juno
I
210.4051
508,714
157,311
77,630
Arizona Dlv. .'June
New Mci. Dlv. J une
I. Kap.T.jJuly
Buiumit Bf ancli. J »!y
Lykons ValU'V;July
Tal.A c'ooKa Val. July
TeuH. MIiUhmU 'July
140,000'
Btat.Mi
538,445
4^9,834
2,386,920
64.750
189,246
495,591
127,256
67,813
125,905
999,867
3.022,073
532,003;
531.246
679,883
20,O.S5
731.03(;
.
lid
.
5.513
34.085
9,130
19.212
32,576
2,300
33,398
4,874
30,413
8,970
19,183
32,760
1.986
26,495
193.207
900.509
59,62 1
551,840
Auk
wk Au«
Ohio Cout. (3d wk Aujt
To'i.A O.Ci-n.Ex. July
Tol. P. & West.. 2d wk Aug
Tol. St. L. & K.C. 3d wk Aug
Tol.iSs
Tol.&So.Havon.
UlstfvA Dil...
Union Paclllc
Or.8.L.&U. N.
Or.Rv.&N.Co.
July.
June
9.->5,078
14,125
151,783
4,'->7.278
3H,049
97,745
3,715,710
587.900
150.438
715,S49
51,200
535,071
5s 1,883
11.544
125,22 J
671,512 56.1,.50() 3.523,560 2.858.737
June
438.734 404.823 1,866.365 ],9(i7.10M
Juno
8t.Jo".&(i'dIsl. 2d wk Aug
28,586
918.500
C90.S07
30,086
Uu.l'ac.D.&O. June
523,543 335 589 2.838,616 2.000.626
Alloth. Ilni>9.. June
2,036,083 1,880,978 11,132.075 9.531.142
.
.
3,837,362 3,573,62^ 23,739,112 20,477,073
584.122
329.795
73,603
53,121
3,867,465 3,382,308 20,485.872 17,231.142
64,20i)
79,980
428,343
314,112
June .
14,t-24i
13,828
2,247
1,967
June
2.999
2,609
16,900
15.561
June
lMO.766
42,613
34,391
230.0U3
June
June
3,910,077 3,416,099 20,715,035 17,420.907
19,83i
105,543:
102,543
July..
19,497
3d wk Aug 276,705 300,173 7,987,M45J 7,713,792
288,136
277,581
July..
36,322
29,011
902,514
820,162
July.
201,812 191,052
512,516
417,410
July.
88,937
72,836
td wk Aug
75,200
81,200 2,248,744 2.072.371
549.839
19.365
724,574
3d wk Aug
24,687
492,871
439.684
June
5!),285
52,961
3d wk Aug 111,429
98,601 3,149,289 2,427.212
42.043
July.
6,210
47,413
5,989
Tot.U.P.8y.s. July..
Cent.Br.&L.I.. June
Tot. cout'led June .
.
I-cav.Top.
& 8.
Mau.Al.i Bur.
Joiut.own'd.'a
Grand total.
Vermont Valley
WabasU
We!*torn of Ala.
West Jersey
W.V.Cin.&Pltt,'..
West.N.Y. A Pa.
WlieelinjT&L. E.
Wll. Col. & Aug
Wi.«consiu Cent.
Wrlshtsv.ArTeu
Wayne
.
Ft.
.
.
Cla.
A
—
Latest Uross Earuln?8 by Weeks. The latest weekly earnings in the foregoing table are separately surameJ up as follow s:
For the third week of August the ratio of gain on the 66
rjads whic have thus far reported is smaller than in othej
recent weeks, being only 5'30 per cent.
3<i
week of August.
At. Top.
St.
Bait.
A
8. F.
8.
Louis A
A
1S90.
system. .
Fran. sys.
Ohio Southw
Buffalo Koch.
A
Pitts....
BurliugtouC. K. A No...
Canadian Psicitlc
'Cent. Viriuont (Tot. sys.)
Chesapeake A Ohio
Chicago A Atl.vntie
Chicago A East. Illiuois.
Chicago Mil. A St. Paul..
Chica^'o St. P. A Kan. C.
Chicago A We.it .Michigan.
Cincinnati Jack. A Mack.
Clive. Cin. Chic.
A St. L
.
.
Cincinnati«.AFt.W..
Otherllucs
Iowa Central
Michigan...
Kansas City CL A Spr...
Kan. City Ft. 8. A Mem..
Keokuk A Western
Lake Erie A Western
Louisv. Evansv. A St. L..
Louisville A Nashville...
Louisville St. L. A Texas.
Mexican Central
Mexican National
Milwaukee L. 8h. A \N est.
Milwaukee aiNorlhern..
New York Out. A West.
Norfolk A Western
.
Korthi-rn Pacific
(Ohio A Mississippi
Peoria Dec. A Evans
Pittsburg A Weiitern
(Rich. A Danv. (8 roads)..
Rio Grande Western....
8t.
Louis Ark.
Beattle L. S.
Texas
A
A
Texas..
A Eastern
I'acillc
1889.
615.054
165.023
48.840
49,156
70,804
317,000
104,917
160,873
56,837
75,815
511,223'
516,.500
Ol.oi
31,626
13.979
242,1.54
Peoria A Kastern
Colorado Midland
Denver A Rio CJrande...
Detroit Bay C. A Alpena.
Detroit Lans. A North
Duluth .So. Sh. A Atlantic
Evan.s. A Indiananolis.
Evans. A Tcrrc Haiite.
Flint A Pcre Murquettc.
Graa<i Rapids A Indiana
Kanawha A
816
'23,4%
8,000'
81,20<J
111.429,
19.365
98,601
5.322
12,828
5,615,668
378.404
297.655
For week cndiug August 23.
Decrease caused by strike on
f
One day
eo,84»
T'
less in 1890,
New York Central.
For the second week the gain
is
9"61 per cent
on 89 roads.
2d week of August.
1890.
1889.
Increase.
9
9
9
Prev'ly report'd (65 roada)
Burlington C. R. A No...
Central of (jcorzia
•Cent. Vermont (Tot. sys.)
Cin. N.O. A T. P. (5 roa.1a).
Cleveland Akron A Col..
Detroit Bay C. A Alpena.
East Tennessee Va. A Ga.
Florida Central A Penln.
"Grand Trunk
of Canada.
'Chicago A (ir. Trunk..
'Det, Gd. Ilav. A .MU ..
Kansas C. CI. A Spr
Kan. City Ft. 8. A Mem.
Kansas C. Mem. A Birm.
Rock
A
Total (89 roads)
Net increase '9 61
146.900
18.579
416.099
72,068
24,635
8,173
91,809
19.378
11,275
42,107
p. c.)..
1,203
24,755
2,401
31,857
3,128
-"Hi
'30,601
2,880
618
16
2,861
3,269
i'.542
^1,176
30.086
32,415
19,212
1,79?
11,602
33.261
3.531
28,586
24.770
19,183
6,663,282
5,201
9
39,872-
559.083
5,282,987
58,OS5
177,770
103,454
136,725
12,689
9,246
116,896
15,699
415,481
72,052
21,774
4,904
93,411
7,303,921
.Memphis..
.Memphis A Charleston. .
Ohio Val. of KentucKy...
St. Joseph A Gr. Island..
San Antonio A Ar. Pass.
Toledo Peoria A Western
Little
5.802,898
59.288
202,523
105,855
171,582
15,817
8,459
Decreaier
.
327
"8',8'4'6
1.670
1..50I)
7,645
29
684,765
640.639
'
44,12ff
.
Louisville inoluded for both yeira since July 1.
a New coal extension operatel since July 21 in 1890 and Utica Clinton A Bing. included for both years since July 1
; Mexican currency,
a Main Line.
*
039
3,072
e.)..
.
.
Moutaiia Uu..
J
270.705
75,200
24.687
8,513
4x4, H52
562.831
559,571
555,440
45,805
111,489
23.59>l
Au(t
Total (66 roads)
Set Increnne (530 p.
*
20,085
4,874
30,4I3
32,760
300,173
S,S13'
3.1.085
33..576
5,913,213
.
!i:i(i.737
:((lwk
wk
98,3-j9
(coukoI. syntem).
33.508
2.9(i0.,163
4,042,051
.
.
M
948,262
(
l,012,43(il
54,570
5,0S9
12,109
118.418
I'acillc 'Sd
A.cJiN.
Tol. Col. * Cin
1,800,447
06,140
03,935
6,455
18.713
110.791
'
.fe
1,048,047
2,528,773
12,7031
83,582
15.448
SS2,133
7lil.(IM0
140,425 132,28i>'
963,959 82;i,(;lli 5,<)7'<.!I7!I .'>.I<.»1.()31
2,931,782 2,84l.l."iJ l."),.">-<7.5Si; 15,769,781
3,895,742 3,664,769 J 1,506,565 21,260,815
N. Y.T..fcMox.Juiie
Tex. & X. Drl. Juno
Atlantic sya'iu Juno
Texas
Tol.A
284,681
78,577
815,367
Wabaxh
tWestcni N. Y. APenn..
Wheeling A Lake Krle.
WlBConHlu Central........
Deereate.
*
I
.
81,007
34,600
179,000
9.044
23.992
55,751
7.388
22.510
47,924
61.354
10.622
4.698
39,190
7.142
7,475
90,188
8,395
66,203
30.873
378,440
8,672
103.226
64,039
84.354
30,750
62.840
148.901
491,909
93,691
17.828
48.184
257,225
43.050
78.200
9.395
110.791
151,862
48,990
40.734
69,566
305.000
102,759
146,971
49,171
66,068
503,024
80,119
25.638
15.352
249,121
33,333
33,507
149.000
8.820
22.384
52,.592
7.620
21.673
44.568
51,747
8.958
4.129
37,313
5,816
5,4.)6
90,215
8,070
64.704
25.358
308,125
8,299
110,361
6S.792
85.266
22,747
51,404
151.948
461,690
109.953
17,243
47.253
256.825
29.550
73.316
6.106
118,418
Increase.
Decrease.
103.831
13,101
150
8,422
1,238
12,000
2,158
13.902
7.666
9,747
13,476
11,406
5,988
1.373
6,967
2,266
1,093
39,000
224
1,608
3,159
232
83'
3,356
9.607
1.664
For week ending August 16.
Net Earninirs Xontiily to Latest Dates.— The table following shows the net earnings reported this week. A full detailed statement, including all roads from which monthly returns can be obtained, is given once a month in these columns,
and the latest statement of this kind will be found in the
Chronicle of August 23. The next will appear in the issuft
"
of
September
20.
-V«'
-nross Eurninof.1889.
1890.
Eamtnus.1389.
1890.
$
Roads.
28,152
142,955
218,57»
972,051
604,048
Canadian Pacific. ..July. 1,489,416
2,581,470
Jan. 1 to JiUy 31... 8.101,265
1,058,17S
Chic.Burl.AQuincTt.July 2,721,399
5,821.276Jan. 1 to July 31. ..19,658,424
38,541
288,724
Mexican National.. July.
378,303
Jan. 1 to July 31... 2,148.863
"881,925
N. Y'.L. E. AWest'n.July. 2,.504.124 2,,53?,440
5.004.783
Jan. 1 to July 31. ..16,228,501 14,735,022
*7,511,505
Oct. 1 to July 31... 23, 700,534 21,699,438
141,504
492,06.1
528,905
N. Y. A New Enel'd. July
876,025
Jan. 1 to July 31... 3,327,200 3,001,177
26.98S
164,428
169,282
Wesfn.June.
N.Y. Out. A
94.247
923,022
80S,730
Jan. 1 to June 30...
267,851
1,963,756 1,740,713
July 1 to June 30...
178,247
457,769
568,179
Norfolk A Western. July.
1,059,804
Jan. 1 to July 31... 3,625,468 2,985,463
216,804
543,804
579,890
Nortbern Central... July.
1,059,759
Jan. 1 to July 31... 3,836,834 3,259,105
668,834
1,797.377
Northern Pacific... June. 1 ,930,404
3,486.900
Jan. 1 to June 30.. 9.955,137 9,086,527
7,843,927
July 1 to June 30.. 22,610,503 19,707,468
1,855,654
Pennsylvania
^^7 5,374,466 5,241,674
10,266,127
Jan. 1 to .Inly 31.'..37,332,979 33,245,912
Erie show $427,227
The Pennsylvania lines west of Pittsburg A
increase in gross and .$94,813 increase in net for the montb, ana
$3,328,158 increase iu gross and $1,102,591 increa.se In net lor tho
seven months to July 31.
t90l,32T
t873,622
PllUa. A Reading... July. 1.840,983 1,804.311
Jan. 1 to July 31.. .11,602,510 10,274,181 4,7(52,607 3,999,034
1 to July 31... 13, 157,452 11,674,693 1.5,42^.106 t4,56.}.36»
Dec.
Coal A Iron Co. ..July. 1,793,811 2,067,416 dcf.92 1)66
„3f,T*J
Dee. 1 to July 31. ..10.963,439 9,878,733Jf.703,080df.l,0-.2,b85
July. 3,837.362 3,.5<73,027 1,612,772 1.601,351
Union Paclflc
Jan. 1 to July 31.. .23.739,112 20,477,973 7,511,348 7,441,650
» After deducting proportion due roads operated on a percentage
:
- '*•-•'- -r: —7
basis, net in July, 1^<90, was *6(i6.601, against $i;63.053 in 1889: lo^
;t ill .i,*i.y, i-.'v, ".^-^ '.'".'"..'"., ",^.
., =
seven months. $1,061,493, against $3,686,843, and for the ten inonth*
ending July 31,1890, $6,001,546, against *5,584,793. t Addmg income from other sources, net profit for July was $ii93.0.«i^against
$1,013,938 last year, and for eiglit months from Dec. 1. $o,(94,7l4,
against $5,167,859 last jear. 1 Incl\iding lines controlled.
A Potomac... July.
Jan. 1 to July 31...
Bill.
125,232
912,655
1,375,528
7,715.022
2,071,746
18,018,272
299,464
2,137,426
42.359
230,114
623,153
2,743,335
770.676
6,362.260
58.537
425.066
•901.255
*5,483,912
*8, 119,351
161,909
1,040,383
42,263
157,096
369,757
211,577
1,233,518
169,991
1,077,192
647.165
3,646,517
9,521,366
1,355,463
10,331,715
(
569
1,877
1,326
2.019
57
ANNUAL REPORTS,
325
1,499
5.515
10,315
Boston & Albany Railroad.
fFor the. year ending June 30, 1890.
373
7,136
4,758
012
8.003
11,436
3,047
30,219
'i6',8'<W
585
931
400
13,500
4,890
3,289
loss.
'7,6'A^
)
annual report of the company for the new fiscal
year ending June 30 is just issued. It states that the balancer
carried to the credit of profit and loss, after paying all chargjes,.
Against this,
is $.533,390, making a toUl credit of $1,077,001.
sum has been charged $1,044,405, which has stood to the debit
of distribution account since 1883, leaving a credit of $32,.>9«.
To this sum must be added the amount to the credit of tlio Ininrovement fund to find tlie true balance In favor of profit and
The
first
m
.
,,
..t
.
revenue both from
"There has been a satisfactory increase
the passenger and freight traffic, although the number ot ton»
:
THE CHKUNICLE.
274
Vol
LI.
BRANCHES.
The net reis considerably less than in 1889.
case
have been
sult however, is much better than it would
freight
there had been any marked increase in the low-rate
*
*
traffic from the West."
,
.
moved one mile
I
Miles.
m
Lexington Branch -Balcony Falls, Va., to Lexington, Va
liuckingham Branch— Bremo, Va., to Avon. Va
Riverview Brunch— Rlveivlew, W. Va., to Rush Run Coal Mines.
Other branches
.
.
21
4
3
8
"The Legislature at its last session passed 'an act to pro36
ToLal branches
mote the abolition of grade crossings,' which provides that 65
comper cent of the total cost shall be borne by the raUroad
931
Total length of railway operated
shall be divided
panies and that the remaining 35 per cent
baween the State and the towns, but that the towns shall in
"The Cincinnati Division as now operated consists of 8 miles
DO case pay more than 10 per cent. The State is, however, of the old main line owned by the Chesai)eake& Ohio Railway
in any one year, and to Company, from Huntington to the Big Sandy River 8 miles
limited to an expenditure of $500,000
a total outlay of §5,000,000. Under this act the directors from the Big Sandy River to Ashland, over which the C.& O. has
have petitioned for the separation of grade at 25 cross- a trackage arrangement with the E. L. & B. S. RR., which was
;
»
,.
«
4
*
»
»
"It is impossible now to give even an approximate estimate
but
of the cost of separating level crossings the ensuing year,
the outlay will undoubtedlv be very large— much greater, indeed than the current receipts of the company can be expected
to provide. In view of this fact and the approaching maturity
of the 7 per cent bonds of 1892 the directors recommend to the
shareholders to authorize an issue of $5,000,000 of stock. If
Buch an issue is authorized it is not likely the money will all
be required at one time. One instalment of 10 per cent in all
probability is all that will be required prior to the first of Jan-
IDgS.
fully set out in last year's report
;
143 miles over the Maysville
& Big Sandy RR.
from Ashland to Covington, which corporation has $7,500,000 of bonds and $7,500,000 of stock outstanding
all of the bonds and tvo- thirds of the stock being owned by the
Chesapeake & Ohio Railway Company. From Covington to
Cincinnati the Covington & Cincinnati Elevated Railroad and
Transfer & Bridge Company is used, which company possesses extensive terminals in Covington and Cincinnati and a
bridge over the Ohio River. It has $3,500,000 of bonds and
$1,500^,000 of stock outstanding, all of which are owned by the
*
«
*
Chesapeake & Ohio Railway Company."
" Of the $4,600,000 of new consolidated 5's that were set
uary, 1891."
The operations, earnings, &c., for two years were as below aside to pay for improvements, under the plan of reorganizagiven:
tion, the issue of $1,.500,000 was authorized in the previous
OPERATIONS AND FISCAL RESULTS.
fiscal year, and in addition thereto $1,100,000 more were au1889-90.
1888-89.
OperatioTis11,395,637 thorized and sold during the fiscal year just ended, to pay for
11,136.111
Pa-senKers carried
201,138,890 equipment, sidings, double track, the Hawk's Nest, Paint
194,676,587
Passenler luUcnge
3.883,115 CreeK and Cabin Creek branches, etc., leaving $3,000,000 in
3.859,516
FrclRhMtous carried)
,
403,341,138
423,276,435
Freight (tons mileage)
Earnings-
$
Passengers
q -fa sfin
Freigbt.
Mail, expreeg,
&c
—
9,012,325
J
Maintenance of way, ete
Maintenance of equipment
Transportation expenses
General
\
9,151,060
\
!
Total gross earnings
Operaling expfnaes
^•TVS'S^X
4,446,586
935,623
I
)
f
1
I
07^ fi07
5>"7»'<'<''
1
=i
f
Total (Including taxes)
1
i
[
J
Netearnlngs
3,036,718
1,162,471
1,218,837
3,722,862
172,607
6,276,777
2,874,292
.INCOME ACCOUNT
1889-90.
1888-89.
3,036,718
2,874.292
Bentalspaid
Interest on debt
I>lvideuds, 8 per cent
78,000
662,900
1,600,000
78,000
662,900
1,600,000
Total disbursements
Balance, surplus
2,340,900
695,818
2,340,900
533,392
Netearnlngs
—
J>isburii*^ients
BALANCE SHEET JUNE
30.
Asset*.
1890
Other permanent investments
MnltTials and supplies
Sue from companies and individuals
Trustees improvement fund
B. dc A. stock bought from Mass
Cash
Totalassets
$27,514,117
475,485
1,820.051
325,063
415.164
1,559.109
$33,052,976
$20,000,000
10,858,000
100,000
260,998
380,398
324,907
Hudson Klver Bridges
1889.
^27,514,116
475,485
1,620,556
497,089
367,105
1,493.368
1,044,405
656,659
$33,667,783
Costof road and equipment
$20,000,000
10,858,000
*
943,987
Lialrilitiet.
Stock,
common
Fundeddobt
Loans and bills payable
Interest due and accrued
Dividends unpaid
Due companies and individuals
Improvement fund
Sinking fund and miscellaneous
Profit
and
255.878
340,938
267,454
1,180,106
118,003
1,117,702
76,167
543,611
loss
Total liabilities
132,597
$33,607,783
$33,052,976
* The B. & A. stock bought from Massachusetts was distributed
to
stockholders.
The surplus June 30, 1890. was $1,044,405: deduct
for stock bought from Massachusetts and distributed to stockholders
$1,044,406; balance, $32,597.
Chesapeake & Ohio Bailway.
fFor the year ending June 30, 1890.^
The
first
annual report of
this
company
for
its
completed
and consolidated road has just been issued. No attempt is
made to compare the figures of earnings, &c., with previous
years, as such comparison would only be misleading under
the changed circumstances. Very large expenditures have
been made on the road, which are referred to at length in the
remarks of President Ingalls.
The railway of the Chesapeake & Ohio Railway Company
as operated during the year ending June 80, 1890, was sutstantially the same as that described in last year's report,
with
the addition of one mile from Phoebus to Fortress Monroe
and consisted of the following lines
'
MAIN LINES.
"""
FortresR Monroe, Va.. via Newport News and Charlottesville.
Va
to Huntmgton, W. Va. (comprising the "Peninsula,"
"Richl
" and •• Uuntington •• Divisions)
niond
504
Eichmond, Va., to Clifton Forge, Va., via Lynchburg (""jamis
^
River" Division)
230
Huntington, W. Va., to Cincinnati, O., (•' ClnclMatl "'Division)-".'.
161
Total main line
g^
the Treasury for future needs.
" The Craig's Creek line is to be provided for by a separate
bonds on that branch, not to exceed $650,000 in
amount, and to bear 5 per cent interest.
issue of
" Under date of March 24, 1890, the company entered into an
agreement with the purchasers of the Kanawha & Ohio
Railway at foreclosure, for the reorganization of the lastnamed company and its lease to the Chesapeake & Ohio Railway Company, the Chesapeake & Ohio guaranteeing interest
at 4 per cent per annum on $1,340,000 bonds. Any surplus
net earnings beyond interest on bonds to go to the Kanawha
& Ohio up to $200,000 per annum, and any further excess to
be divided between the Kanawha & Ohio and Chesapeake &
Ohio. Arrangements were also made to provide for the ultimate extension of the Kanawha & Ohio to Kanawha Falls on
the Chesapeake & Ohio line. The capital stock of the Kanawha & Ohio to be $10,000,000, of which the Chesapeake &
Ohio was to receive one-tenth. The carrying out of this
agreement has been delayed by various objections of the
lessors, who are making but little apparent effort to remove
them. Unless it is carried out, this company has the right to
*
*
*
withdraw from the arrangement."
" The equipment of the company is still insufficient for ite
business, and the directors have recently contracted for
1,000 box cars and 500 coal cars, to cost $880,000, payable in
sixty monthly instalments. There is a sum of $340,760 still
payable (likewise in instalments) on the cars purchased in
1889; also $376,000 payable during the next five years, on
equipment acquired through the Richmond & Alleghany
»
«
*
Railway Company."
"With the increase of passenger business there is great
necessity for additional coaches, requiring an expenditure of
about $150,000, which should be provided for during the com«
*
«
ing year."
" The earnings of the company for the fiscal year ending
June 30, 1890, compare as follows with those for the year
ending June 30, 1889:
EARNINGS AN1> EXPENSES.
Miles
Gross
yet
Operated.
Earnings.
Earnings.
923
1890
$7,161,949 37
$1,706,822 07
1889
777
5,290.000 OO
1 ,025.000 00
$1,871,949 37
$081,822 07
" The interest charges and taxes of the company during the
past year (exclusive of interest on bonds representing uncompleted construction work) amounted to about $1,700.()00.
" No freight has been charged for hauling material used for
construction or maintenance, nor has any charge been made
for the use of equipment for such purposes. The entire cost
of such service is included in operating expenses.
" The gi'oss earnings of the company during the past year
have more than equaled the expectations of the directors.
The net earnings of the company may at first glance disappoint the stockholders, bat will not, we trust, after they examine the details of what has been accomplished. They
have been decreased, however, by three accidents, cost»
*
*
ing the company something like $150,000."
" A further increase 'of expense in operating the road
was the unusually open and wet winter, especially on
the Cincinnati and Huntington divisions.
More landslides occurred on the Huntington Division than had been
known for years before. The Cincinnati Division was new,
the banks were not hard, and the Oliio River several times in
rising above danger line covered the sides of the banks, and
when the river fell it carried away a large portion of them.
In fact, for a certain length of time it looked as if a general
destruction of the road might ensue. For the year ending
30th of June the gross receipts of this division were $848,007,
the gross expenses $»43,467 93, leaving a net of only $1,539 08,
Increase
—
AcacsT
—
1
THE
30, 1890.]
ClIliONK^LK
Uie proportion of exi^'uses to earnings being over 99 per
•
*
*
cent.'
" Tliat the stotk holders may know just what improvements
have Ijeen matle ii(Mm the entire line and (charged to operating
expenses, there is given in detail in this report the iteniH and
A»» whs stated in the previous report,
t)ie cost of the same.
the road hiul lieen allowei to deteriorate prior to the time it
came under the present management, and it has consotjuontly
cost a great deal to get it in condition where it can beoper.ited
#
»
»
safelv and cheaply."
" "f he indications for the businee-s of the line are promising
the coal totmage, both tidewater and local, is increasing the
lumber traffic shows large development, and at three places
on the line stone ((uarries are being opened and, it is believed,
In
will furnish a large and profit-able tonnage to the road.
tiie district between the .-^lleghanies and the Blue Uidge vilalmost every point factories are belages are springing up at
ing erectea, and this p )rtion of the line, which a few years
since was comparatively worthless, promises soon to be very
;
;
275
ClarrUd forward
Hlx percent inortiratfe bondx, due 1918
HI X iM'r cent niorl kukc liondK, due 1 922
Hlx jK'r cent cqiilpnienl tniot hondx
Five IM'r ceni conwilidaliil niortKave lM>nd«
Two t4i four per cent llr«t iiiortKaKe liondH, R.it A. Dlv,
Three to four percent
inortKaKe bonds. R, & A. Dlv...
Hlx iH^r cent Kuanuiteed bonds. New Klver Bridge Co..
Allexhany car trust obliKations
Kq uipmen t notes
Unpaid eouiM>ns linchidinK those due July 1, 1H90 (aee
" (;<in)Min U<'poHlt Aci'oun t " alMive
fnterest nciTued, hut not yet due
•36,«t97
142,000
027,000
20,940,000
6.000,000
M
1,000,000
170.000
376,000
240,760
189,276
234,427
Current llalillltles—
Audited vonihers (ineludinff June pay-roll)
BIUh payable
Other liabilities
Liabilities for construction work In proKress under
Ave per cent consolidated mortgage
Loan payable (pending delivery of bond* sold)
Audited vouchers
1,120.815
983,007
53,583
250,000
107,141
;
valuable.
••
me
handled eastward during
total tons of traffic
tlie
year
a total of 3,760,r)77 tons,
as against 3.331. IS-^ tons last year, showing an increase of Vi-'ii
per cent. The number of tons of coal shipped to the seaboard
was 083,.5.)1. an increase of 4'43 per cent over the previous
year the revenue shows a decrease of 3'27 per cent the revenue i>or ton mile on this freiirht was 339-1000 of a cent, as
against 376-1000, showing a decrease of 9-84 per cent, owing
The above rate is the net rate, after deductto comi>etition.
ing all commissions for selling and agency expenses in New
York and the Eiast. The coaK shipped over the road, other
than to the seat)oard, amounted to 783,30.5 tons an increase
of a-iil ])er cent over last year. The average haul increased
62'79 per cent, owing partly to the opening of the Cincinnati
*
*
Division. The total revenue increased 61 '78 per cent."
were 2,604.799
;
westward,
l,15ri,778
;
;
:
;
Texas Pacitlc.
(For the year ending June 30, 1890^.
The report for the year ended June 30 has not yet been
Lssned, but the figures have been furnished to the Chronicle,
and are given below:
Orleans
ft
1887-88.
1888-89.
Gross earnings
$3,525,775
Operating expenses and taxes 2,362,372
$3,655,859
2,510,602
$4,300,144
2,728,182
Net earnings
Deilurt—
Rental
Interest on floating debt
Slutting fund
Dividends
$1,163,403
$1,145,257
$1,580,962
$912,000
$912,000
69,199
77,359
90,0t)0
$912,000
3.447
87,465
120.00O
$981,199
$182,204
$1.079,3,59
$1,122,912
$05,898
$458,050
Totjil
Balance, surplus
tor
the 3 per cent cousoluliitcd inorti<axe since the reiuMltion to all
oriBmni7.;itli>n of the oompany. in
nmouuts {'liarKeil to exiienscs, liiive been as shown by
$2,834,513 81
balance «liect
the
Tlie estimated further outlay to complete work in prog495,607 37
are provided) is
ress (for which funds
("For the year ending June 30, 1890.^
In advance of the pamphlet report for the new fiscal year
ending June 30, the Chronicle has been furnished with the
figuies for that period, which are compared with the previous
year as follows:
Receipts—
*3,330,121 18
Aizalnst whicli there have been issued
$2,600,000 00
cqnsol. 5 per cent bonds tor
240,760 59
Add equipment notes outstanding for
12,840,760 59
$489,360 59
Leaving a balance of
5 per cent consolidated mortgage bonds may at any
time be issued, and in the meanwhile the company is carrying
the foregoing $489,360 .'59 without embarrassment.
" The company has further expended for construction on its
Alleghany) Division the sum of
James River (Richmond
$246,242 38.
"The outlays of the company during the new fiscal year
for e<]uipraent will be considerable, as may be seen from the
remarks under that heading.
$1,725,612 92
Interest on funded debt
30,000 00
Rentals, etc., are, say (net)
Taxes are about
150,000 00
for
which
&
$1,905,612 92
Total annual charges
CONDENSED BALANCE SHEET JUKE
30, 1890.
Dr.
Cost of road and equipment, including ownership in
Maysville & Big Sandy RR. and Covington <fe Clncinati Bridge, under plan of reorganization February 7,
Steamer I.imise
Hawk's Xcat Cabin Creek
& Paint Creek branches;
4tli Street extension, Cinclunati: Ohio River ferries,
and construction on Peninsular. Richmond. Huntington and Cincinnati divisions and Covington &
Cincinnati Bridge pronertv.
Richmond & Alleghany Division mortgages
gha
Under ""
Additional conatructioh
Lynchburg property
Under New River Bridge mortgageCost of bridge and aptiurtenances
Not under any mortgage
Materials and supplies on band
Current iwsetn—
Cash on hand
ances.
Ac
1,421,341
sold,
Gross earnings
Operating expenses
1889-90.
$1,421,431
952,787
$1,622,234
1,132,516
$468,644
$489,718
30,968
Net earnings
Other income
5,099
$473,743
$520,686
Rental and miscellaneous
$358,294
3B.090
$693,500
Total
Surplus
$394,384
$79,359
$404,643
$116,043
Panl
&
11,143
Dalath.
June 30, 1890.^
The Chronicle is enabled to publish the following in advance of the printed report:
1888
Net earnings
Other income (interest, rents. Ac.)
89.
$1,406,860
1,052,393
1889-90.
$1,410,527
1,017.459
$354,473
47,707
$393,068
—
$402,180
$393,068
fnterest on bonds
Rentals, dec
$119,702
99,108
$150,000
82,000
Balance, surplus
$218,810
$185,370
$232,000
$161,068
Deduct
190,121
but not aellvered
:
1888-9.
171,709
160,791
385,825
Assets for <'onstruetlon work In progress under 5 per
cent consolidated mortjiage—
Cash on hand
Cash to come from bonds
and loss
$789,276
$60,786
Elo Grande Western.
fFor the year ending June 30, 1890.^
In advance of the printed report, the Chronicle has been
furnished with the figures for tne year 1889-90, as below
Gross earnings
Operating, expenses and taxes
1,045,812
Profit
18,;J50
Balance
$8.50,062
$771,130
18,146
$789,480
$120,364
Total disbtu-sements
209,305
36,937
422,24
Coupon deposit accountCash on hand to pay coupon'
$909,844
$771,130
St.
436,464
73.475
95,669
35,994
•.
$831,916
18,146
{'For the year ending
Current accounts, agents, conductors' bal-
Due from coal agencies
Advances to Warm Hprings Valley Co
Advances for Craig Valley construction
Mis<-ellaiieoiis advances
Total income
IHsbursemeiits—
Interest on debt
Rentals, etc
—
1,340.676
72,495
1889-90.
$3,115,954
2,284.038
$854,684
55,160
Net earnings
Other receipts
Total
Deduct
$196,141
'
•2,018,110
1888-S9.
$2,872,794
.
Gross earnings
Operating exi>enses and taxes
Interest on bonds
$103,300,672
1888
Additional equipment, property and construction—
Under 5 per cent consolidated mortgageAdditional equipment
1889-90.
Bnrlinzton Cedar Rapids & Northern.
"FIN'ANXIAL.
new construction and equi|>iuent under
The outlnyj
$109,788,632
New
Cincinnati
102,748
750,000
386,021
The above does not include
receipts
from stumpage.
Milwaukee & Nortlieru.
fFor the year ending June 30, 1B90.J
The results for the year ending June 30 have been furnished
to 'the CHRONICLE as follows:
1888-89.
$109,788,632
Capital stockFirst orcfer ed
Second preferred
Common
.$13,000,000
763,113
$1,426,042
931,906
$368^320
$494,046
Rentals, &o
^„„„ „„_
*28?.767
61,456
$299,670
29.236
Balance, sarplno..
$324,223
$44,106
$328,906
$166,040
Net camlnga
Deduel—
l-.'.OOO.OdO
46,000,000
Funded debtSix iH-r centp irchase money bonds, due 1898
Six percent mortgage bonds, due lOOS
Six percent mortgage bonds, due 1911
1880-90.
$1, 131.44V!
Gross earnings
Operating expenses and taxes
71,000,000
2.287.000
2,035,724
2,000,000
lnt<>rest
—
s
:
.
"
.
,
THE CHRONICLF.
276
.
[Vol. LI.
—
GENERAL INVESTMENT NEWS.
A
&
American Cotton Oil.— letter was recently addressed to
Co. by a number of the large
Messrs. Winslow, Lanier
that
stockholders of the American Cotton Oil Trust, mviting
member
firm to take the reorganization in charge, with some
conof the firm in the board of directors. After careful
Co. have consented to
sideration Mes!-rs. Winslow, Lanier
had
undertake the reorganization as requested, but they farst
his report it was
-an examination made by an expert, and from
learned that in round figures the Trust had a floating debt ot
about §4,000,000. against which it held bills receivable amountAn
ing to about §1,500,000, making a net debt of §2,500,000.
to the
official announcement will be made in a few days as
exact basis on which they will proceed, but an authorized issue of bonds to the extent of §5,000,000 is to be made, of
which §4,000,000 will be offered to stockholders at par. Mr.
Co., will go into the
E. D. Adams, of Winslow, Lanier
directory of the company (whicli will be materially changed),
and will be on the finance committee, and the stockholders
are to be congratulated on having so able a financier give his
Fltchburg-Cheslilre. The Boston Journal says: "For some
time it has been evident that parties were picking up whatever Cheshire stock could be obtained at 110 to 115, and both
the Fitchburg and Delaware & Hudson have been credited
with these purchases. To-day it is evident that the Fitchburg
has secured a controlling interest in the Cheshire, and will
offer to exchange its preferred stock for that of the Cheshire
upon liberal terms, or five shares of Fitchburg for four of the
&
.
&
personal attention to its affairs.
The Sun gives the following in regard to the company s
proposed action. " It appears tliat every autumn the concern
has had to borrow between §4,000,000 and §5,000,000 to purchase seed and carry its product until marketed. The money
has been borrowed through the South, at the West and in
this city, and has cost the business an average of §300,000 per
annum. It is now a large borrower, having a net floating
debt of over §2,500,000. This, it is stated, does not represent
It is
losses incuiTed, but is money employed in the business.
proposed to pay off all of this indebtedness and at the same
time supply the company with sufficient cash to keep it out of
*he loan market. The company has in its treasury §4,000,000
of preferred stock, but that is not available now, as it cannot be issued at less than par. Messrs. Winslow, Lanier &
Co. will recommend an authorized issue of §5,000,000 debenture bonds, bearing 8 per cent interest, of which §4,000,000
will be offered to the stockholdei-s at par. The company can
redeem them at 110. No mortgage can be placed upon the
properties owned and controlled by the company without the
•consent of 80 per cent of these debenture bonds. It is understood that the amount offered pro rata to the stockholders
will be entirely underwritten by a syndicate before subscriptions are invited."
—
Cheshire.
"The Cheshire extend from Ashburnham Junction to Bellows
Road of 16
and §53.300
common stock. The preferred has paid 6 per cent dividends
Falls, Vt., 54 miles, and leases the Monadnock
miles. Its capital stock is §3,100,000 preferred
for several years.
"The acquisition of the Cheshire and the extension of the
Fitchburg's influence to a direct connection with the Vermont
Road at Bellows Falls is an important move and will doubtless
prove of great benefit to the Massachusetts corporations.
Green Bay Winona & St. Paul.- At Milwaukee, on the
18th inst., the United States Supreme Court for the Eastern
District of Wisconsin affirmed the appointment of the
Farmers' Loan & Trust Company, the trustee under the mortgage, as trustee in possession of the property. Mr. Jos,
Walker, Jr., the Vice-President of the Green Bay, is now
operating the road as agent for the trustee, and it is hoped
to avoid foreclosure by the acceptance of the plan of reorganization issued by Messrs. Jos. Walker & Sons under date of
July 15, 1889. The last payments under the plan will be
called early in September.
KnoxTille Southern.— The Knoxville Southern Railroad la
completed and the first through passenger train from Knoxville,
Tenn., to Atlanta, Ga.,
was run Aug.
18th.
Lonisville Southern.— The new Louisville Southern 5 per
cent bonds guaranteed by the East Tennessee will be ready
for exchange in a few days.
Memphis & Charleston—East Tennessee Va. & Ga.—
Committees representing the M. & C. minority stockholders
and the East Tennessee Company are negotiating for the absorption of the former interest by the East Tennee.'iee company. The proposition is to issue bonds on the M. &C.,
which will provide for the payment of the stock and other
purposes. No definite agreeement has yet been reached.
New York Susquehanna & Western.-A
general mortgage
for §3.000,000 has been authorized, the bonds running 50 years
and bearing 5 per cent interest, to be used as follows:
Boston & Maine. The e\mings, expenses and charges for
$1,000,000 to lie u.sed for payment of equipment purchased for inthe quarter and year ending June 80 are given below, as re- creased business double tracking road to Paterson (about finished),
filling in and building double track iron trestle near Jersey (5ity, and.
ported to the Massachusetts Railroad Commissioners.
on account of additional coal property secured. $1,000,000 to be used
Year end. June SO.
^Quar. encl. June 30.—
in retiring bonds of the company now outstanding to that amount.
;
— 1888-89.
—
.
—
1890.
1889.
1889-90.
83,431,179 if3,833,128 $13,528,523 114,587.025
GroBa eamlB g.-".
2,373,560
8,800,172
9,338,492
Operating expenses.. 2.111,367
. .
Net earnings
Other income
Total
Int., rentals
&
taxes.
$1,319,812
1,291
$1,459,548
22,892
301,180
$5,248,533
359,770
$1,321,103
1,014,428
$1,482,440 $5,029,531
4,011,772
1,027,180
$5,608,303
4,005,637
$455,260 $1,017,759 $1,602,616
$306,675
Balance
$4,728,351
Central New England & Western.— The operations of this
•company, which also includes the Poughkeepsie Bridge and
*he Hartford & Connecticut Western, show for the ten
snenths beKinning Sept. 1, 1889 (when the entire Une was put
an operation), as follows:
^rosa earnings for ten montlis
$386,100
269,137
-Operating expenses
$1,000,000 are hold by the trustee (Central Trust Co.), to be used only
for the purchase of additional equipment; for construction of branch
lines; for the erection of new shops and for the purpose of securing
additional coal property and increasing its coal tonnage.
—
Northern Paciflo. In the editorial columns of the
Chronicle to-day will be found figures showing some of the
results of this company's operations for the year ending June
30, 1890.
Philadelphia & Reading.— The results of the Railroad and
Iron Company for July, and for eight months of
the Coal
the fiscal year, have been as follows:
&
.
1889.
R.ilLROAD.
Gross earnings
Operating exp. and taxes
$142,382
244,3 11
;
Deficit
Average per passenger per mile
Average iier ton of freight per mile
Coal cfc Iron Co.
Gross receipts
Operating expenses
Coll.
2-45 cts.
1'43 cts.
1,013,939
Total
Imp'ntii sink. fund..
Interest on debt
>
1890.
.
— Dee. 1
to
1888-89.
July 31.
—
1889-90.
1,804,311 1,840,983 11,674.693 13,157,452
902,984 967,361 7,111,324 7,729,346
901,327
112,612
Other income
$101,929
Total
Fixed charges for ten months
,
Net earnings
$116,960
25,419
Net revenue
Income from H. &C. W. stock
July.
873,622 4,563,369
119,435
604,490
5,428,106
5,167,859
5,794,713
993,057
366,607
2,067,416 1,795,841 9,878,733 10,963,439
1,886,3941,745,048 9,942,411 10,737,665
928,854
148,281 142,858
989,007
619,067
636,297
187,795 182,830
Total disbursements.... 2,222,470 2,070.736 11,567,715 12,295,586
155,0.54
274,895 1,688,982 1,322,147
1,013,939 993,057 5,167,859 5,794,713
The earnings for the recent months have shown a constant Loss on Coal & Iron Co
improvement; for July the gross was §41,614; net, §36,012; Net profit Eaili-oad Co
other income, $2,821; total net, §38,334; fixed charges, §23,308;
surplus, §16,025.
Chicago Bnrltngton & Quincy.— Gross and
and charges for July and the seven months to
net earnings
July 81 have
been
July
1889.
,
.
1890.
—
Jan. 1 to July 31.
1889.
1890.
'Gross enrnings
$2,671,740 $2,721,398 $18,018,272 $19,658,423
•Operating cxpeu.ses.. 1,613,573 1,950,723 12,196,997 13,296,163
Net earnings.
Charges
..$1,058,173
74-1,385
$770,075
761,889
$313,788
$8,786
Sun>lU8
$5,821,275
5,210,698
$6,362,260
5,333,225
$610,577 $1,029,035
Eatt Tennessee— Lonisville N. A. & Chicago.— The report,
noticed some time ago in the Chronicle, is again revived that
the Lcuisville New Albany & Chicago maybe "taken over"
to y the East Tennessee Company through a purchase of a
controlling interest in its stock.
No facts are yet obtainable, but
the gcogiaphical position of the L. N. A. & C. system as a
connection of the East Tennessee, via the Louisville Southern
already controlled,
makes the
report
seem quite
possible.
Bal. both companies...
858,885
718,162
3,478,877 4,472,566
San Antonio & Aransas Pass —The Farmers" Loan
&
Trust Company, trustee, gives notice that a meeting of the
holders of the first mortgage bonds will be held at their office,
No. 23 William Street, New York, on Monday, September 8,
1890, at 11 o'clock a. m.
—
Sugar Trust. It is not known yet what amount of certificates has been (leposited under the recent circular. It is said
that the plan of reorganization will not be issued until a
majority of the certiflcates (in amount) have been deposited.
Justice CuUen. in the Kings County Supreme Court, has decided that Mr. Henry W. Gray, the Receiver of the North River
Sugar Refining Company, was entitled to be made a party to
the suit instituted by the trustees of the trust to dissolve the
corporation. In his opinion the Justice says that under section 447 of the Code, Gray may have properly been made a
party to the action. Under that section a person who claims an
interest in the controversy adverse to the plaintiff may be
made a party
It can be made
defendant, though the claim be
ill
founded.
for the very purpose of determining his right
"
.
AcacsT
THE CHRONICLK
80. 1890.]
277
COTTON.
Q^ommtvtml ^imts.
COMMERCIAL EPITOME.
J^he
Fridat Nioht, Auffust
Fridat, P. M.. Aumist
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 42,810 bales,
against 14,295 bales last week and 8,756 bales the previouk weelc».
29, 1800.
money and
lessened apprehensions as to
strikes of railroad operatives, in view of tne refusal of the
chiefs of labor organizations to order a general strike on the
Vaiiderbilt roads, have Ixjen iini)ortant features of th(^ week,
while tlie weather has been rather more favorable for the
growing grain crops. The jol)l)ing trade in dry goods haa
been quite brisk, and manufactiire<l iron and steel have been
The bank clearings still show a larger general trade
active.
than a year ago.
Lard has declined, partly owing to the depression in com
and jmrtly by reason of large receipts of nogs and liberal
tenders of tliis product on August contracts. Most of the
week the optit)n market has been rather quiet, and there has
been less activity on the spot. To-day there was a moderate
business at irregular prices, opening lower, but recovering the
loss later, and then aavancing; 1,000 tierces of prime Western
on the spot sold at 6*47J£c., 1,000 tierces, cost, &v., at 6-40c.,
and 125 tierces of City at 5-9.')(d6c. Refined was quoted 6-403
7c. for the Continent and 7'30c. for South America.
DAILT OLOSIMO PKIOBS OF hAXD FCTURES.
8aL
Hon.
Tue*.
Wed. Thur.
6-61
6-52
6-51
6-44
Beptembcr delivery
o.
64S
644
Greater ease of
Ootoberdellvery
o.
076
No\ ember delivery
o. 6 88
Dec*?mbcr delivery. ....c. 700
7-20
January deliveiy
c.
6-66
6-79
6-90
6-66
6-80
6-65
690
7J2
6!)0
7-08
679
6-59
6-74
6Stf
7 05
Renipit at—
New
1
February
May
1,159
1,133
63
430
397
9,862
].80a
2,577
1,284
1,854
2,913
2,006
12,101
2,21T
503
147
268
839
1S2
led
89
215
497
1,131
21
27
5
500
200
152
33
156
10
604
4
79
1,024.
7S2
762
7.485 10,786
42,81»
New York
«»S
7»
..:^.
Boston
Baltimore
Totals tbls week
25
80
8.674
0.341
Phlladelph'a.Ac
6-71
6-84
4,947
n
—
6
6
6f9
105-
4.577
For comparison we give the following table showing the
week's total receipts and the stock to-night, compared witl*
last year.
1889-90.
Beeeipli to
This
Week.
Augiut 29.
1888-89.
Si»ee Sep.
1,
Qalveston .
El Paso.&c.
New Orleans.
This
9,862
1,866
12,101
1,1888.
12,491
1890
1889
10,914
ll,14ff
4,005
1,360
16,803
5,437
840
495
8,5«7
9,439
7,84$.
5
Mobile
Florida
Savannah.
Stock.
Since Sep.
1
Week.
1889.
12,613
.
..
356
Brmi!!.,&c.
....*•
..
2,217
172
2,038
no
P.Royal.&c
Wilmington
Wa3U'tn,&c
.
1,131
33
1,447
16T
1,024
693
2
1,069
1,699
81
West Point.
NwptN.,&c
79
3
Charleston
15'75o.
15-750.
15-70C.
Baltimore.
n
28,484
34,611
11
1,000
2,000
752
105
200
946
3,207
4,788
7G.071
67,624
..
Boston
..
PUl'del'a,<&c
1
1
Totals
27,709i
42,810l
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
BeeeipU at—
1890.
Galv'8t«n,&c
New Orleans
Mobile
1889.
Wilm'gt'n.&c
Norfolk
12,613
9,862
1,866
12,101
2,217
1,131
1,024
Wt Point, *o
others....
..
Charl'st'n.Ao
4.;'
580
8,863
2,198
172
33
1886.
9,281
10,359
2,009
10,343
5,111
1,534
27,709
23,639
39,309
76
912
46
334
1,169
42,810
10,423
2,80S
641
ll,19»
3,013
5,387
660
2
1,080
4
153
170
69
102
275
we
1885.
13,192
3,753
302
415.
118
1,10»
141
343
24.234|
30,02S^
1
1
week ending this evening reach a tota I
which 13,964 wjre to Great Britain,
France and 59 to the rest of the Continent. Below are
The exports
:
1887.
6,716
3,356
1,224
Tot. this week
Since Sept. 1
1888.
1
12,496
4,005
1,350
8,567
772
Savannah.
New
for the
of 14,023 bales, of
to
the exports for the week.
Week Eniinq Aua.
Exvorted
Exports
from-'
29.
—
]
From
New
Exported
Orleans..
8aTannab
Brunswick....
Charlestoa....
Wilmington...
Norfolk
;
I
Point....!
I
N'portNw»,4o'
New York
Bust^m
18.9e*|
We«t
'<
!
18.997;
M
>
Baltimore.
Fhlladelp'a,Ac,
[
I
~l_
Total
'
\
69
13.004;
Total. 1888-81>.' 18.192'
8791
Great
to
—
ContiWeek.' Br«a<n. *"•"«' nent,
Total
'
I
Mobile
otiier
Sept. 1.19a», to
ta
Great
OontiBrtfn.\''^'^'l runt.
Qalveston
XX
Southern at26Co27c.
On the Metal Exchange iron warrants have been dull and
nominal, making no response to the rise in Scotch warrants
in Glasgow to 50s. 2d. Pig iron has been dull and more or
less depressed.
Steel rails have been dull and weaker at $80
@$30 50. Finished iron and steel have sold briskly at the
West. Tlie demand for hardware is reported satisfactory.
Pig tin has latterly advanced, in response to a rise in London,
and October sold to-day at 21-80(<«21-85c. and November at
21 -800. Tin plates have been very firm.
The recent rise in
silver and the advance in the East Indian exchange have
tended to advance the price of tin, Copner, lead and spelter
liave been quiet,
35a
122
356
848
N'wp'tN's.Ac.
sales embrace 400 ca-ses, 1889 crop.
to 16i^c.; 200 cases, 1889 crop, do. N. E.
Havana seed, private terms; 200 cases, 1888 crop, Pennsylvania
Havana, 13c.; 300 cases, 1888 crop, Pennsylvania seed, 10 to
lli^c; 400 cases, 1889 crop, State Havana, 12 to 13c.; 300
cases, 1889 crop, Pennsylvania seed leaf, 10 to llj^c; 200
cases, 1889 crop, Dutch, private terms; 140 cases, 1888 crop,
Dutch, 12J I to 14c.; 500 cases, 1889 crop, Wisconsin Havana, 10
to 12c. 300 cases, sundries, 6 to 20c. 650 bales Havana, 65c.
to $1 10, and 700 bales Sumatra, $1 35 to §3 40.
Refined petroleum has been steady at 7-35c., cases 9-20c.;
crude in barrels and naphtha have declined to 7*40c.; crude
(Penn.) certificates closed at 88i|c. Hops have been in fair
demand dnd firm, with Pacific Coast higher. Spirits turpentine has declined to 40>^(a41c. Rosin has been more
active and firm. Large sales were made at §1 65 for "E,"
$1 75 for "F'' and $1 40@1 45 for common to good strained.
Wool has been quiet, but about steady. The tales include
Ohio
and above at 33 l-3c.@33i,^c., unwashed Western
at 2232C., unwashed combing at 253^0., Texas at 18i^@20c.
and
670
390
West Point...
England Havana, 13
;
1,930
494
Norfolk
sugar has been advancing, but the rise checked business until to-day, when the transactions were larger and included Uoilho at 4 5-16c.; Bahia, 82 degrees test, at 4^80., and
centrifugal, 96 degrees test, at 53^c., closing at 5i^c. for fair
refining muscovado, 5%'c. for 96 degrees test centrifugal, and
3 5-I.jc. for the same on a basis of cost, freight and insurance.
Refined has been higher and to-day was active, closing at
6 3-lGc. for granulated and 6%c. for standard crushed. Tea
sold at firm prices at auction, and a large business has been
done at private sale also, at quotations favoring holders.
Kentucky tobacco has been firm but quiet. The sales have
been 200 hogsheads, all for export. Seed leaf has sold freely
The
3,363
Waati'gton.aic
Kaw
at steady prices.
1,727
Wilmington
New York.
November
12,013-
42
Charleston
Port Royal,Ac
September
April
4,170
1,467
Norfolk
October
2,233
Brunsw'k, &o.
The warehouse deliveries have been liberal. Padang
sold to-day at 24@243^c., Ankola at 25c. and Timor at 23i^c.
Rio options have been quiet, but theie is a moderate net
advance for the week in spite of increased receipts of late at
Rio and Santos, and a decline in Rio exchange to 2234'd. The
close was steady, with sellers as follows:
Marcb
Toua,
1,708
Florida
coffee.
16-700.
16-20o.
16-90C.
Frt.
1,987
127
Orleans...
Bavannah
Beef has sold to only a small extent, but closed
steady with extra mess |6 25c<t6 75, packet §7 25(^7 75, and
City extra India mess $11 50@ 14. Beef hams have been duU
and weak, closing at $17 per barrel. Cut meats have been
fairly active and irregular; pickled Ijellies 10 to 12 lbs.
average at 6(g6i^c., while pickled shoulders have weakened
slightly and sold at 5Vc. and pickled hams at llcgllj^c.
Tallow has risen to 5c. but has latterly been quiet. Stearine
has been firmer at 7^^®7^gc., and oleomargarine has advanced
to5Jgia6c. Butter has been advancing and closed quiet at
18s 23c. for creamery. Cheese has been firmer at 7J^;g8%c.
for full cream State factory.
Coffee on the spot has been quiet but firm at IS^^c. for No.
7 Rio undescribed. There has been a fair business in mild
December
Jauuary
Thun.
wta.
Tne$.
1,079
Jic...
Mobile
clear backs.
|
Uon.
Sat.
1,400
Galveston
ElPano,
713
700
Pork has been lower and less active, closing at $12 25® 13
for new mess, |10@10 50 for extra prime and $11 50(314 for
17-80c.
17-2S0.
16 85o.
29, 1890.
The Movement of the Ceop,
li,02S
683
17,918.
I
{
IMA
—
.
THE CHRONICLE.
278
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert. 24 Beaver Street.
Carey, Yale
The Sales and Prices of FrTtjRES
t^H
01^005.
x3.E?i
&
.75
On
Other
Foreign
Coastwise,
None.
None.
None.
None.
None.
None.
None.
None.
25
None.
200
2,100
^4
12,074
None.
4,729
200
1,375
2,600
4,723
950
None.
None.
5,800
1,000
I
d
22,684
4,854
5,800
1.000
Total 1890...
23,347
None.
None.
4,000
27,317
48,724
o
Total 1889...
Total 1888...
14,805
12,168
1,609
2,932
3,178
5,348
6,799
2,303
26,391
22,751
41,233
158.683
goo
"i
E.9)
;
The speculation
WW
in cotton for future delivery at this
I
market
>
9 lb.
mon'Taea Wed Tb.
Sllii
8^
81a
8»ie
LowMiddJinff
Strict Low Middling
Middling
Sood Middling
Strict Good Middling
Middling Fair
8 '8
0>a
lO'te 10
1058
11' 16 lO's
116,8
Ilia
11»1«
ll«i
ll»f
1115,, 11%
1238
Fair
12''a
Ordinary...
Ordinary
Good Ordinary
Strict Good Ordinary
|
91,8
9ia
ilO^i
lOi^tf
III4
Illia
llliija
H",,
Il2i«
|12<>i8
Fair..
131,8
STAINED.
Good Ordinary
Strict Good Ordinary
nion Tnes
Sat.
f lb
Sat.
^J lb.
LowMiddUng
MlddUng
858
9I4
103.8
9^8
105,8
105t
1
1*^,^
to to
8%
Wed Tb.
8 1,8
91s
87,6
iS'"
MARKET AND
.
Quiet
Mod.
Ezport,
4,446
Dull at 3i«dcc..
rues. Quiet at >8 dec.
Wed. Knsy at 1,8 dec.
Con- Spec- TranTotal.
sump.
sit.
1,450
isi
4,446
3,171
I
2
99 ^
Mob 9
».":
-Job*-4
000
<
O
oc
Mm
IJ
0,0
ojra
2
00
2
I
a(®:
99 5
Oidi
2
I
CKM
®
sr:
05
M2
"^
COM
M-jO^
00
WW
WW
If
2
^
00
99
<
2
Mif.!-"
e.":
I
Ot^
MP-
99
CjiO,
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I
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I
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S.«''':
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2
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on
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<
2
'^
WW
MOD
2
"^
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o CCW^W
rf*-03
IJ
I
«A®o'i
tc
OS
MM
99
WW
ODM
b.
t-h-tOM MMiCM MMO-. M MMCCM
OOOO cooc ccco OCOO
^^ ^ w ^^
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MM
00
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dob®--*!
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5
s.«:
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M®a
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2
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1
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WW
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I
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rf^i^
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00
2
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j|iit^
5
2
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MMWM MMtOM
OCCO COOC
I
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2
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tOMM'^
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coco
XC X
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^
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<
00
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»»:
MMOM MMXM 61.^:
oooo oooo MM MM
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i^,^o^ O" * Ki *iM®iM
MM X 003 O,
I
^i
2
"^
99
zji^
8).'*:
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I
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<
ii
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I
I
I
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MM
00
<»*1
to
a.
5
2
«r:
COCO
^^rflCrfl
0,0
CJ, CJ»
* y,
o,
[>.
99 ?
XO ^
C),
Ifr
w
&.«:
MMOM coco
oooo MM^DM
:
I
*'*-'-
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w w
MM
00
CJlOo,
rf*-,^
XX
s
MMMM
COCO
^
I
MMrf».M
OCO
,».
MM ^
99 <
^
XX 2
'
Sir:
occ
M
t>
oc
WW
CJ,CJ,
c;,C;'
».":
X
Mj,®Ot
oc;,
to
>•
1
©
^
M @ WM
C CO
MMOM
OOCC
:
I
I
I
ejx
Frt.
I
*m
CJ,
wTOMas
0>
WX X
00
MMMM
COCO
dd®d
c
*»-io
I
1
I
I
I
I
«
I
Tb. Fri.
I
I
I
I
I
I
I
I
I
4
I
I
I
I
I
S
I
I
I
I
I
I
I
I
I
I
I
^
-1
SALES.
5,896
.:.'.
452
353
735
Tbnr. Qiilft.. ..
Fri... btcady at li» dc.
ToUl
\
MM
8I4
86,,
8M,
83,8
81*16 878
8ii,8
ISj,
878
978
9iJ,e 913,8 9%
lO'ilt 1059
10»8 10»„
SALES OF SPOT AND TBANSIT.
CUISBD.
5
2
"
ai«:
8U,f
The total sales and future deliveries each day during the
week are indicated in the following statement. For the
convenience of the reader we also add a column which shows
at a glance how the market closed on same days.
SPOT MASKET
2
99
I
8=8
9I6
95,8
91,6
»';a
103,8 101,8 10
10
91619
lOSg
lOia
107,8 107,8 1038
111,8 1010,8 1078
lO's
1013,g
116,8 113|8 lllg
Ills
Il'l8
Ills
1138
116,6 116,8 III4
11% IIH 11»1« 11»18 HI9
1116., lli»,e 11%
11% Il"l8
1238
1214
121,8 123,8 l2ie
1278
12% 12a,, 12ll,t 125s
non Tae* Wed
1
H-MtOM
9%
lOM
10u,e lOU
©i«:
-4-j®-l
8''8
lOi*
-i»
0:0,
I
COCO COCO oooo occo ocoo oooo
81,8
811.,8
00
J.O'
o
s.-^t
ooag
FrI.
91s
815,,
«-=§.
000 0000 oooo 0000
osffi
103,8
10=8
11
1015,, 1015,, lO^s
111«
ll'lB llig
ll'is
ll'',« III9
Ilia
11618
11»8 11»18
Ilia
121,8 12
1116,8
Il2ilit 129i« 121a
1213
127,8
im
GULF.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
Strict Good Middling
HlddllagFalr
9
<
COM
—
Sat.
o
o
99
—
UPLANDS.
I
-CCS •MOT
smaller receipts at the ports and easier rates for money, which
have recently been a factor of more than usual moment in the
speculation. There was a slight decline on Thursday after
prices had opened higher, owing to a rise in Liverpool. The
subsequent depression was due to increased receipts at the
ports and " long " selling, partly for Southern account. Today there was a further decline, owing to a fall of .5-64 to6-64d.
in August and September at Liverpool, reports that a number
of small operators had suspended tliere and " long " selling
here for local and Southern account. Cotton on the spot has
declined 7-16c., with a moderate business for home consumption and fair transactions for export. To-day the market was
easier, closing at 11 l-16c. for middling uplands.
The total sales for forward delivery for the week are 362,900
For immediate delivery the total sales foot up this week
bales.
7,617 bales, including 4,446 for export, 3,171 for consumption,
in transit.
Of the above
for speculation, and
bales
were to arrive. The following are the official quotations for
week August 23 to August 29.
each day of the past
—
tc
o
g ®
has continued on a moderate scale and in the main at declining prices. The week opened with a rise in September of 19
points and a smaller advance in other options, in the face of a
On Monday
dull and rather unsettled Liverpool market.
there was a very sharp reaction, in which August fell 38
points and September 35 points, due to a decided fall in Liverpool, weak Southern markets, larger receipts at the ports,
favorable crop reports and continued dulness in Manchester.
On Tuesday there was a further decline here in
in
August and Sepof
7-64d.
response to a faU
tember at Liverpool, where the suspension of a linn
understood to be "long" of the market was announced.
On Wednesday there was a small advance, attributable to a
firmer market' in Liverpool and a demand to cover, as well as
—
:
2.:
:
o
o
*
•
es
.
749
aa
840
=•
:
:
a:
1.838
6,839
6,191
300
3:
Kew York
Otber ports
650
^g>
;
«
3,348
Bat.
5-2.E =
» ^ » 2
S 50 - ?S
Stock.
Total.
Galveston
Norfolk
None.
None.
500
eavannab
.•
oS.ES'
Shipboard, not cleared—for
Fraivce.
12.049
Mobl.e
Charleston ....
shown by the
3
ciTjas
frn.is
cc o ^ 00
a
None.
None.
None.
None.
None.
None.
None.
None.
Kew Orleans...
~
C'^gpg'
Leating
Great
Britain.
Strict
are
following comprehensive table:
We
Aug. 29, at—
[Vol. LI.
131
'.'.'..
—
452
353
735
I
I
I
I
Includes sales In September, 1889, for September, 147,600; Septem
berOctober, for October, 640,600; September-November, tor November
636,200; September-Deceinber, for December, 357,20J; September
FCTCBES.
Sales.
49,100
79,400
62,300
56.600
45,700
69,600
7,617 362,90c
D'Heeries.
....
June," lor June, l,83'o,lo'o;' 8epte"mb'er-Jiily,"?or iuly,"l,655,800.'
We have Included In the above table, and shall continue each
week to give, the average price of f utiire.% each day for each month. It
will be found under each day following tht; abbreviation " Aver." The
average for each month for the week is also given at bottom of table.
^°
Transferable Order-s— Saturday, ll'lSc: Monday. ll'35c.: Tuesday,
Wednesday, ll-35c.; Thursday, 10-75o.; Friday, 10-70o.
11-35C.;
....
....
^I*"? dolly deliveries given above are actually delivered the da»
prevlong to that ou which they are reported.
The following exchanges have been made during the week:
•20
•02
•04
•05
pd.
pd.
pd.
pd.
to
to
to
to
cxch.
exch.
exch.
exch.
1,000 Oct. for Sept.
300 Aug. for Sept.
100 Sept. tor Aug.
200 Sept. for Aug.
I
|
04 pd. to e.tch.
-10 pd. to exch.
•OS iid. to exch.
^25 pd. to cxch.
100 De,\ for Jau.
200 Dee. for Oct.
000 .S«pt. for Aug.
500 Oct. for Sept.
.
.
ACOCST
THE CHRONJCLK
30, 1890.J
TnB Visible Scphly of Cotton to-niKl>t, as made up by cable
teloRraiih, is as follows. The Continental stocks, as well as
those for Oreat Britain and the aHont are this week's returns,
and
and oonse(inently all the Euro|x'nn (ijcnres are brought down
Hnt to make the totals the complete
to Thursday evening.
figures for to-night (Aug. 29). we ad<l the item of exports from
the United States, including in
it
the exports of Friday only.
IROO.
Stoi-k
Bt.H'k
lit
iit
Amstonlain
eto.k at KoltiTilaui
Stock at Aniw.rp
Btoikal
lliivi,.
Stock lit Miirscillea
Siovk at Haricloiia
Stock at (iciioa
Stock at Tilcxte
384.000
532.000
41,000
499,000
2.800
19.800
7,000
399.000
3,30O
28.000
6,000
573,000
300
15,000
75,000
3,000
44,000
5,000
4.000
300
70O
200
3,000
114,000
3,000
46,000
4,000
3,000
Dremen
482,000
17.000
670,000
4.300
27,000
5,000
Total Great Britain Itook.
Btook nt Ilumbtirg
1«87.
647.000
20,000
bales
1888.
200
Btook at Uverpool
Stock at Lomlon
1880.
101,000
3,000
45,000
6,000
10,000
188.000
2.000
53.000
4.0O0
9,000
15,000
The above totals show that the old Interior stocks hav«
inereaned durinfi the week 2,7S7 bales, and are to-night 1.H78
bales more than at the same period last year. The receipts at
the same towns have been 8,833 bales more than the same
week last year.
QUOTATIONS FOB MIDDLING COTTOM AT OTHER MaRKKTS.—
In the table below we give the closing quotations of middling
ootton at Southern and other principal cotton marked) for eacE
day of the past week:
aatur.
itOO
Salves ton...
New Orleans
Mobile
Savannah...
Charleston.
Wilmington.
Norfolk
Boston
209.500
175.900
203.300
351,200
Baltimore...
Philadelphia
885.500
80.000
674,900
46.000
33.000
4.000
67.624
602.300
45.eoo
23.000
18.000
181.434
924.200
99,000
95,000
31,000
86,395
Augusta
.5.812
3.39!)
13,278
1,285
16,792
6,280
ItS.OOO
Eif.vi>t.Br8zil.,(ic..antforE"r^pe
ti.(K)0
76,071
7.6!>0
529
Total Tlslble snpply
881,297 1,218,667
1.071.790 831,735
Of the above, tbetotalsof American and other desorlptionsare as follows-
Anier»«an—
Liverpool stock
ContlnenUilstocks
314.000
111.000
16.000
76.071
7.690
529
266,000
94.000
33.000
67.624
237,000
106,000
23.000
181.431
278,000
173.000
55.000
88.395
5,812
3,399
13.278
1,285
16.792
6,280
525,290
469,835
561,997
615,467
333,000
29,000
80.000
6,000
216,000
17.000
81.900
46,000
4,000
147,000
13.000
97,300
45.000
18,000
234,000
41,000
178.200
99,000
31,000
546,500
525,290
361,900
469,835
322.300
561,997
603.200
613,467
Total visible snpply
1,071,790
Price Mid. Upl., Uverpool
6i,Bd.
PriceMld.Upl., New York....
lHjeC.
834,735
884,297 1,218.667
bales
American afloat for Europe...
United States stock
United Stales liitcriorstocks..
Cnlted States exports to-day.
Total American
Sast Indian, Brazil, tie.
Liverpool stock
Xjondon stock
Continental stocks
India afloat for Europe
E«ypt. Brazil, A-c, afloat
—
9S..50O
Total East India, Ac
Total American
^~
.
5'i.,d.
6">8d.
H>sc.
Tlie imports into Continental ports this
llijec
5>2d.
10c.
week have been
10.000 bales.
The above
figures indicate an increase in the cotton in sight
to-night of 2.37,05.5 bales as compared with the same date
of 1889, an increase of 187,493 bales as compared with the
corresponding date of 1888 and a decrease of 146,877 bales
as compared with 1887.
At the Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 188S-89^i8 set out in detail in the
following statement.
©
^
ga
o "1 S^* P as a
1^ f^ ^S "^ —'4
C H 2S. — 5 ^
Toe:
10%
10l>8
....
Memphis
...
8t. Louis....
Cincinnati ..
LoulDVllle.
..
Wedne:
Tkun.
FH.
.10>4
lOlg
101«
10:>8
10>4
10»s
10 >a
loiV)
lOia
10%
10 >«
10>a
10"4
lOTg
lOHi
10»a
10««
lOJs
loas
103s
10>a
I0<9
10%
10%
lHa
10%
ll»l«
ll»l«
ll'ia
loag
ini.i
10>s3»i« lO^g^is
101,
10>s
10«»
12
12
12>4
10^8
11
l2^
12
114
U'a
Uk
im
11>4
lO's
lOHi
10»8
10>4
lOUg
loaS
lOSg
11%
11%
10%
11%
10%
11%
ll's
103s
10>t
12
12
11>4
U"*
11
11>8
12
12
UVt
12
12
11^
10%
Ills
Receipts From the Plantations.—The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor .Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
wuk
Rectiftt at the
Snd%no—
July
Aug.
88..
"
29..
1.010
18.617
33.B39
1888.
-_
1889.
I
1890.
1889.
911
9.657
23.686
20.386
16,244
15,901
15,156
9,168;
7.436
7,848
7,390
7.207
8.727
6.789
6.616
6,863
16.,'!08
9}8
8.964
18.284
6,349
29.229
1.40«
2.696
1,419
8.766
8,5321
14.295
27.709' 42.810
1890.
I
3.M3 28,163
1.710
9.915
19.449
1..
8.
16..
"
1890.
8.033
6,3S1
25...
"
PnrU. SVk at Interior Townt. Rec'ptefrom Planfnt.
1889.
9,819
4,726
612
1.906
412
II.979I 22.803
.
213
778
3,830
16.896
46 836
The above statement shows that, although the receipts at
the outports the past week were 42,810 bales, the actual
movement from plantations was 45,825 bales, the balance
going to increase the stocks at the interior towns. Last year
the receipts from the plantations for the same week were
29,929 bales and for 1888 they were 22,803 bales.
Weather Reports by Telegraph.—Our
advices by tele-
graph from the .South this evening are on the whole quite
The weather has in the main been favorable
satisfactory.
and there are no complaints of lack of moisture except in a
limited section of Texas. Picking is becoming general and
the crops are being rapidly marketed.
Galveston, Texas. It has rained on two days of the week,
the precipitation reaching fifty hundredths of an inch. The
thermometer has averaged 80, the highest being 90 and the
—
lowest 71-
—
Palestine, Texas. Picking is active. There has been one
shower to the extent of eight hundredths of an inch. The
thermometer has averaged 82, ranging from 66 to 98.
Huntsinlle, Texas. Crops are fine and picking makes good
progress.
It has rained splendidly on three days of the week,
the precipitation reaching one inch and five hundredths.
The thermometer has ranged from 70 to 92, averaging 81.
Dallas, reras.— Picking is progressing well. We have had
one good shower the rainfall reaching sixty-three hundredths
of an inch. Average thermometer 84, highest 96, lowest 72.
San Antonio, Texas. There has been no rain all the week.
The thermometer has averaged 84, the highest being 96 and
—
-=S-&?2 5-^=.l
^ HHr-,'
Jfon.
lOli
10^8
11
lOi'ia
lO-a
10>4
11
ll>«
27,000
Total European stocks.. ..
India cotton alioat for Europe.
Amcr. coH*n afloat for Europe
OLOSINO QCOTATIOSS FOB MIDnLIKO COTTOS
Week ending
4.!)00
6-.i,'.;00
Total Coiitlucntal stocks
Stock in United States ports ..
Stock In U. 8. Interior towns..
United States exports to-day.
279
on
09-:
r
o
a
or
bo
-
'.''.
E: «:
bo:
•
9'.
B B. >.
cs
m;
00
u :£ OD
:;>:;>
?:
.
.
'.
:
WW
;
(CM
c;t
;
—
^
WtOSOO'i)
w M to coaqoocoo^a
the lowest 72.
Luting. Texas.
•
—
Although there has been one light shower
week, more rain is needed. Picking is active, but the
weather is terribly hot and dry. The week's rainfall has been
sixteen hundredths of an inch. The thermometer has averaged 86, ranging from 70 to 102.
Columbia, Texas. Cotton is very fine, and picking active,
but corn is below an average. We have had one good shower,
the rainfall reaching twenty-six hundredths of an inch. The
thermometer has ranged from 76 to 92, averaging 84.
Cuero, Texas. The weather has been dry all the week, and
we are needing rain somewhat. Average thermometer 80,
this
—
-;
2W
w
;
*l
•
^;
^4^00MC;tco
—
CSV
«
:
— 00<k.
01
highest 98, lowest 62.
Brvnham, Texas. There have been fine showers on two
days of the week, the precipitation reaching eighty-eight
hundredths of an inch. Picking is active and the crop good.
The thermometer has averaged 84, the highest being 96 and
the lowest 72.
Belton, Texas. Picking is progressing well. It has been
showery on one day of the week, the precipitation reaching
three hundredths of an inch. The thermometer has averaged
84, ranging from 70 to 98.
Weatherford, Texas.— We have had dry weather all the
week. Crop gathering makes good progress. The thermometer has ranged from 64 to 98. averaging 81.
New Orleans, Louisiana. It has rained on six days of the
—
MM
o
C0
oswi-t;iM
—
2a
cocs*
(OM* OSitOO
o to <x
05 H»
feO
!x;
u c:
ifO'
week.
Shreveport,
QilEk
ilk'
M
week.
t-
tOift-
•
t
QD 00 to
M OJ
1889 tijrures arc tor Palestine. 1 1889 flmires are for Petersburg.Va.
Louisville In both year." lire "net/"
5 This year estimated.
94
—
Louisiana. — There
Average thermometer 80.
has been no rain
The thermometer has averaged
and the lowest
65.
—
70. the
all
thef
highest being
Columbus, Mississippi. We have had rain on four days of
the week, the precipitation reaching two inches »nd. sixty.
.
THE CHRONICLE
280
hundredths. The thermometer has averaged
Shipments for
ranging from
78,
[Vol. LI.
Oreat
62 to 90.
Leland, Mississippi.— Itainfall for the
,
.
,
week one inch and
seventy hundredths. The thermometer has ranged from 63 to
91, averaging 78.
Vicksbnrg, Mississippi.— Te^egraTa not received.
have had rain on two days of
Little Rock, Arkansas.—
the week, the rainfall reaching twenty-eight hundredths of
an inch. The thermometer has ranged from 61 to 89, averaging 75.
Selena, Arkansas. It has rained on four days of the week,
on two of which heavily, the rainfall reaching one inch and
ninety-seven hundredths. There has been too much rain and
temperature has been rather low. Worms are reported on
one plantation. Average thermometer 75, highest 89, lowest
We
—
Britain.'
lowest 58.
to 85.
Mobile, Alabama. It has rained on three days of the week,
the precipitation reaching two inches and twenty-six hunsome complaints
dredths. Crop accounts are less favorable
of rust, shedding and boll worms. The thermometer has
ranged from 67 to 90, averaging 80.
—
;
highest 92, lowest 62.
Selma, Alabama. It has rained on three days of the week,
the precipitation reaching one inch. The thermometer has
averaged 82, the liiihest being 86 and the lowest 63.
Auburn, Alabama. The week's precipitation has been
eighty-one hundredths of an inch. The thermometer has
1,000
24,000
33,000
101,000
44,000
125,000'
37,000
41,000
6,000
5,000
43,000
7,000
6,000
68,000
49,000
42,000
29,000
110,000
78,000
17,000
13,000
129,000
123,000
149,000
78,000
278,000
201,000
1,000
1890
1889
All others—
1890
1889
77,000
46,000-
Total all—
1890
1889
1,000
EXPORTS TO EUROPE FROM ALL INDIA.
1889.
1890.
1888.
Shipmettts
Europe
from —
This
week.
Since
This
week.
to all
Jan.
1.
Bombay
2.000
1,361,000
AU other ports. 17,000 278,000 13,000
Since
Jan.
1.
This
week.
Since
Jan. 1
1,190,000
201,000
3,000
7,000
814,000
182,000
15,000 1,391,000
17,000 1,639,000
Total
10,000|
996,000
ALEXANDRIA RECEIPTS AND SHIPMENTS.
Alexandria, Egypt,
August
1889-90.
1.
1888-89.
1887-88.
5,000
3,179,000
27.
Receipts (cantars*)
This week
Since Sept.
1.000
2,703,000
3,000
2,907,000
This
Since
week. Sept. 1.
This
Since
week. \Sept. 1.
This
Si7iee
week. Sept. 1.
1
,000 26fl,000
1.000, 166,000
1,000 228,470
1,000 152,095
3,000 250,92*
1,000 163,423
2,000 432,000
2,0001380,565
I
Exports (bales)—
To Liverpool
To Continent
—
—
Total.
9,000
7,000
1890
1889
—
Montgomery, Alabama. The weather has been fair during
the week with rain on four days, the precipitation reaching
one inch and twenty hundredths. Average thermometer 80,
(^oidinetit.
Britain,
Madras—
—
Nashville, Tennessee. There been rain on three days of the
week, the precipitition reaching one inch and forty-one hundredths. The thermometer has averaged 72, ranging from 56
Total.
1.
Calcutta—
69.
Memphis, Tennessee.— Cotton is heavily fruited and beginning to open. Twelve new bales have been received to date.
We have had rain on four days of the week, on two heavy, the
rainfall reaching three inches and seventeen hundredths. The
thermometer has averaged 74, the highest being 89 and the
Shipments sinee .January
the weel:.
Continent.
i
Total Europe
I
2,000 414,346
A
cantar is 98 pounds.
Note.— Totals of exports since September
•
Manchester Market.
1, revised.
—Our report received by cable to-night
from Manchester states that the market continues quiet for
averaged 78, ranging from 65 to 90.
both yarns and shirtings. The demand for both home trade
Madison, Florida. It has been showery on one day of the and foreign markets is poor. We give the prices for
to-day
week, the rainfall reaching thirty-five hundredths of an inch. below,
and leave those for previous weeks of this and last year
The thermometer has ranged from 70 to 95, averaging 82.
for comparison:
Columbus, Georgia. We have had rain on one day of the
1890.
1899.
week, to the extent of thirty-three hundredths of an inch.
Average thermometer 82, highest 89, lowest 70.
Oolfn
CoWn
8I4 lbs.
8^4 lbs.
32» Cop.
32» Cop.
Mid.
Mid
Savannah, Georgia. We have had rain on two days of the
Shirtings.
Twist.
Twist.
Shirtings.
Vplds
Vplds
Week, the rainfall reaching two hundredths of an inch. The
thermometer has averaged 79, the highest being 94 and the
».
8.
d.
d.
d.
d.
a.
d.
d.
«.
d.
8.
d.
d.
—
—
—
lowest 65.
;
—
—
74, highest 90,
lowest 58.
Wilson, North Carolina.
have had rain on one day of
the week, the rainfall reaching fifty-three hundredths of an
inch. The thermometer has averaged 75, the highest being 90
and the lowest 58.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock
August
—We
28, 1890,
5 ®7
6 5 «7
"
8 858 ®8iSi« 6 5 ®7
" 15 6=8 a8'8' 6 5 ®7
" 22I8I3 »8% 6 5 37
" 29,8>9 3)8% 6 4i2®7
J'ly25 8S8 as-'e
—
Augusta, Georgia. The weather has been warm during the
week, with light rain on one day to the extent of thirty-five
hundredths of an inch. Accounts from the crop are less favorable. It is claimed that rust has developed to a considerable extent this together with the dry weather causing shedding. The outlook, however, is for good average crop. The
thermometer has averaged 79, ranging from 62 to 95.
Charleston, South Carolina. Rain has fallen on one day of
the week to the extent of fourteen hundredths of an inch.
The thermometer has ranged from 66 to 93, averaging 80.
Stateburg, South Carolina. Light rain has fallen on one
day of the week to the extent of five hundredths of an inch.
Cotton nicking is becoming general. Average thermometer
and August
29, 1889.
4ii!
as's
41a
Au^.l
8iSB
5
5
5
3
6=8
6'li«
6'll6
«'• ,
63e
63,6
7'8 «838
7^8 «838
7I5i8l»8'i6
®8ia
8
8li(,«8-,8
5 11
5 11
5 11
6
6
8Il,»89i6 6
«7
1
6l8
*iH
614
6^8
2
6.'>8
2
6^8
-3)7
®7
«7
«7
®7
—
Jute Butts, Bagging, &c. In jute bagging the market
has been steady, and there have been moderate transactions
during the week under review. Prices remain as last quoted,
5i^c. for
viz.
pounds, 6c. for 1% pounds, 6;?^c. for 2
pounds and li^c. for standard grades. There has been very
little doing in butts, buyers apparently holding off for lower
prices.
Quotations to-night are IJ^c. for paper grades and 2c.
for bagging quality.
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
18,023 bales. So far as the Southern ports are coucerned, these
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
m
:
—
Total 6a(ei.
New York—To
Liverpool, per steamers Aiizona, 6ifi
Aurania. 33
Bothnia, 1,219
Britannic. 1.4P9
City of Berlin, 519... City of K(imp, 1,072
Cullc, 3.111
Olbers, 1,301. ...St. Panc-as, 3,401.... The Queen, 1,027. 13,831
To Hull, per steamer Galileo, 133
13»
To Havana, per steamer Orizaba, 3
3
.,
New Orleans—To Liverpool, per steamer Discoverer, 3,000... 3,000
Boston— To Halil'.ix, per steamer Halifax, .50
80
Baltimore—To Liverpool, per steamers Alexander Elder, 906
Lancashire, 100
1,006
,..,
.
Aug. 28,
'90.
Mig.
29.
'!i9.
New Orleans
Above low-water mark.
Above low-water mark.
Above low-watermark.
Shreveport
Above low-water mark.
Vlcksburtr
Abo ve lo w- wator mark
Note.—Keports are now made In feet and tenths.
Memphis
Nashville
18,023
Total
Cotton Crop Cikculak.— Our annual Cotton Crop Review
Cotton freights the past week have been as follows:
will be ready in cu-cular forim about Thursday,
the 11th of
Parties desiring the circular in quantities, with
their business card prmted thereon, should send
in their
orders as soon as possible, to ensure early delivery.
September.
India Cotton Movement from all Ports.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to August
28.
BOHBAT BECEIPTS A»D SHrPMESlS FOB FOUR TEARS.
Shipments (hit week.
Tear Great OontiBrtVn. nent.
1890
18891 ],od6
18881
1887
Total.
Skipmentt since Jan.
Oreat
Britain
Oonlinent.
1.
Total.
l"23n00 1,361.000
i';iii\\ A-XA??®-°^
VnSn 2,000j3(i0,000 830,000 1,190,000
3-"00 3,000 209.000,605,000, 814,000
5,0C0| 5,000 361,000 057,000 I.OIS OOP;
Since
Jan.
Do
i.
5.000 1,868,000
7,000 1698 000
3 000 1 281 000
2 000 1 447 OOQ
Hon.
Tuts.
Wtdnts. Thurs.
Do
Ball
Bremen, steam.,
Do
e.
'S4
HSh<
k®5ig
»4®Bia
l4®5„
J4®5,8
"4®°!*
e.
e.
indirect, c.
Hambnrg,
Do via
steam.c. IS^jS'lB ISgj^Tjg ISsjBTjg ISsj-aTjg 1832®7jg
"ssa'is
Indirect, c.
Amst'd'm, steam. e.
Do
m.
late dellv'y.d,
Havre, steam
45*
46'
45*
45*
45*
45*
indirect.. d.
Beval, steam
Seeeipts.
This
Week.
Batur.
Liverpool, steam <t.
d. 13j4-ai73j
I3g^®7j„ ISg^aTjg 13g^®73j 13g^®732
Do
saU
d.,
Baroelona,8team d.
GI«noa, steam., .d.
Trieste, steam. ..d.
Antwerp, steam d.
•PerlOOlDO.
*32
—
AiocsT
THE CHRONICLE.
80, 1890.]
we have the following
LivKKPOOt..— By cable from Liverpool
fltatetuent of the w«ek's sales, stooka, &c., at that port.
Aug.
.........••<
Of wiiloh
Aiiii>rloan— EsUm'd
341,000
24,000
15,000
60.000
20.000
35,000
16,6o6
2,000
30,000
660,000
325,000
14,000
12,000
65,000
20,000
(i.44,000
1^,000
6.000
80,000
30,000
A.moant alloat
Of which American
22,000
1,000
1,000
2,000
22,000
5.000
48,000
3(>H,000
the week....
Of which Aiuerloan. ..,...,
liiiporl of
Aug. 2a
Aug. 22.
33,000
17,000
B,000
40,000
713,000
ForwardtMl
Total SUM'"- -Estimated
Total
Aua.l!).
8.
2^,000
1,000
bale*
Bales of the wM*lt
Of whioli exporters took...
Of which BiiooulatorBtook..
Aales Aniorloaa ............- —
Aotnal oxport
20.000
2.000
35,000
647,000
314,000
24.00O
20,000
45,000
10,000
1,000
The tone of the Liverpool niarket for spots and futures each
day of the week ending Aug. 29, and the daily closing price*
of spot cotton, have been as follows:
Wednet. Thurid'y.
gaturdav ifomtay. INMfday.
Spot.
IrrsRuIar In buyers'
and
farur.
unsettled.
More
Market, I Moderste
demand.
P. M.^ demaod.
1:45
638
Uld.Upl'dB.
Steady.
5,000
7,000
7,000
5,000
100
500
SCO
500
500
500
f utureM.
Market,
P.
'steadT
}
Market,
4 p. M.
)
Tance.
Barely
steady.
S'eady
Barely
steady.
at nil
Sasy At
l-A4(a2.U4
adrunoe.
decline.
Finn.
Barely
steady.
Steady.
Weak
IMad-
I
at
a deollne.
Steady at
at
DHrtially
M.J
weav
"*"•
Qnlet.
]
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices arc on the
basis of Uplands, Low Middling clause, unless otherwise stated
^P° The priees are qiurn in pence and 64//i. Thus : 5 63 means
5 63-64(/., and 6 01 means 6 l-64d.
Sat.,
Hon., Auk. 23.
Aus. 23.
Tuea., Aas. 26.
Open'Hioli Low. Clos.
Op«nlH<B>i!ro«i.| CTo».'!open High \Low.\ Clot.
a.
d.
d.
d.
,
d.
,
d.
d.
d.
d.
{
d.
d.
<i.
I
618
Aug.-Sept.. 615
September. 615
8ept.-Oct.. 556
6 18
8 15
8 15
August
I
Oct.-NOT...
KoT.-Dec.
Dee.-Jan...
Jan.-Feb....
5 57
5 51
5 49
5 48
5 48
6 49
5 51
5 S3
5 51
6 49
5 48
518
Feb.-March. 5 49
Mch.-Aprll,
5B0
April-May.
5 52
Hay .June..
554 554
8 18
6 15
8 15
5 58
6 51
5 49
5 48
5 48:
5 49
6 50
5 52
'
j
,
,
I
,
554
8 18
8 15
8 15
5 57
5 51
5 49
5 48
6 19 619
6 15 818
6 15 618
5 58 6 58
5 51 5 52
5 49 5 50
5 49 5 49
549 6 49
5 SO 660
S 51 5 52
i
^
548
5 49
5 51
!
I
Tliara.,
I
5 49
5 48
6 47
5 47
6 48
5 49
5 51
5 53
:
^
I
6 49
6 48
5 47
I
6 47 6 48
5 47 6 48
548 6 49
5 46
6 46
5 47
6 48
6 50
6 62
I
Am. 28.
[i
I
FrI.,
8 07
Ang..9ept... 6 05
A.
8 09
8 08
August
d.
6 07
80S
6 05
8 06
September.. 606
806 6 05 8 06
8ept.-Oct... 563 553 663 6 63
OCt.-N0T.... 6 48 5 48 548 648
»OT.-De«... 6 47 5 47 5 47
DecJan.... 5 46 5 46 6 46
4an..Feb.... S 48 5 48 5 46
reb.-Mareh. 5 47 5 47 6 47
Ilcta.-Aprll.. 5 48 5 49 548
AprU-May.. 6 60 5 61 6 50
May-June... 5 52 5 63 5 52
,
5 47
d.
;
I
1
!'
1
6 50
5 60
6 49
1
648
1
i
;
6 07
6 54
1
|l
1
5 49
6 63
5 56 '5 66
6 63
1
1
5 51
6 65
1
d.
i
6 01
5 62
!
'
549 1,546
648!, 646
647 644
547 644
649 648
660| 647
662 6 49
:
1
6 03
6 02
8 08
6 62
l>
5 48
5 47
5 46
5 46
5 47
5 48
6 50
5 52
d.
1
8 02
6 01
6 01
6 62
,
'
;
647
548
6 48
5 46
1646 644
1
1
6 65
1
646 644
646 546
547:647
649 649
1
6 61
6 61
fair business in options but less activity for export.
DAILT OLOSINO PBI0B8 OF HO. 2 MIXED COBH.
September delivery
OctoDor delivery
—
November delivery
December delivery
Men.
IW«.
561a
5718
SoH
Si's
56i«
56
56%
56%
0.
0.
0.
58>«
5914
56%
S6%
58%
Wed.
55
Tkun.
o5^
Sat.
c.
0.
54%
54%
56is
5S
56
58
Fri
5414
54=8
55i«
55Vi
56%
OS's
5479
Oats have fluctuated with other cereals, and latterly have
been depressed, partly owing to better weather at the West.
There has been a fair business on the spot, and a moderate
speculation. There has been little or no export trade, and it
is contended that Russian oats are competing with American
in France, to the disadvantage of the American. Today the
market was higher, and fairly active, in response to the rise
i
1
-
808
606
554
5 49
5 48
6 47
6 47
5 48
5 49
5 51
553
Aag. 29.
d.
609;' 602
• 07 6 01
648:
647
649 549 647
5 50 5 60 648
6 61 6 52 560
1
5 53
d.
!
1
,
5 49
6 61
a.
612 812 609
6 09 6 10 608
6 09 6 10 606
6 56 6 57 664
Ill 561 549
1
5 46
5 47
d.
1
I^i.
May
'op«n High Low. Clot.
Clos. 'openlfflj,* J^yw. CIo».
d.
Thurt.
Wed.
Tut$.
....c.
8 09
1
d.
Man.
Ii0"« IO8I4 lOim 108% 106
los'a
10:i%
106 1» 106 »8
109
0.111% 109
10;%
110% 110
0.112%
November delivery
108% 108%
0.113% llO'e 111% 111
December delivery
112=8
109%
c. 114%
January delivery
11479
II479 115%
112% 112%
0. 117%
May delivery
Indian corn was advancing at one time, in response to the
rise in wheat, but latterly the fall in that cereal has had a
depressing effect on corn, the more favorable weather at the
West, however, beiog a contributory influence in the same
direction. There has been heavy "long" selling of the options
here and at the West, but it is noticeable that as prices have
fallen the export trade has materially increased. To-day there
was an advance, owing to colder weather at the West, with a
Beptemberdellvery
October delivery
6 07
608 6 04
554 5 53
!
I
check Eact Indian
seem to
does
not
silver
in
India
London
East
In
Europe.
to
shipments
exchange seems to keep pace with the rise in silver. Low
ocean freight rates, it is understood, are offsetting in a measure the appreciation in this metal. To-day prices declined,
with heavy selling for both long and short account, more
favorable wf ather and easier foreign markets, but later the
decline was recovered. There was a small business for home
milling, but no export transactions,
DAILT OLOSma FRIOS OF KO. 3 RED WnTTKX WHIAT.
604
8 09
8 03
I
650 550
553| 653 663 6 52 6 52
665 554 654
Wed., Aug. 27.
Op«l Hlj/l Low.
614 614 6 07
611 611 8 04
611 611 16041
6 66 5 56' 653
5 48
5 49 650
!
'
houses, has caused prices to take a further downward turn.
One great drawback lattt'rly has l)een the r-ntircly sppculative
character of the Iransuctioni. There has been little or no ex>
port trade, owing 10 the marked disparity between the New
York and Liverpool ((uotations, though it mav be added that
the prices in New York have been'relatively low, considering
the quotations current in some of the interior markets where
millers are said to be buying pretty freely. Moreover, the
receipts have been linht, the stock is moderate and silver,
at one time weak, has latterly been stronger. If the receipts however are light the clearances are likewise very small,
and if the stock is moderate the present prices are !?0 to 2iV
The recent advance
cents higher than a year ago.
Sal.
!,000
Spec. Aexp.
1:45
Crregular.
281
6^
6U
e^u
Friday.
4,000
flales
9
6 51
d.
803
602
602
6 52
5 47
6 46
6 45
5 45
6 46
6 47
6 49
6 61
1
delivery
in corn,
DAILT OLOBINO PBI0B8 OF MO. 2 MIXIID OATS
Tuet.
Wtd. TKur$.
Sal.
Hon.
Fri,
40
41=9
41%
41
41
c. 42%
September delivery
4114
41
40
o. 41%
40%
delivery
40>s
October
Rye has advanced, but has sold to only a moderate extent,
and closed dull.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):
Fix)ua.
»
Fine
Friojlt, Augvtet 20, 1890.
Flour has sold to only a moderate extent, but this has been
mostly due to the firmness of holders, who in the fore part of
the week were greatly encouraged by the advance in wheat,
and who, even when that cereal declined, were disposed as a
rule to mainlain their previous quotations, owing to the smallness of the stock here. On Thursday, however, some modification in prices was made, on account of the slowness of trade
and a sharp decline in wheat. To-day the market was dull,
and to a great extent nominal. Buyers held off as a rule for
lower prices, owing to a further decline in wheat, but the
supply being small, holders were firm.
Wheat at one time was strong and advancing, due partly
to wet weather in Europe, some covering of shorts, reports of
cold weather in the Northwest and statements that the
threshing of wheat in the Red River Valley was yielding a
comparatively poor return. The later report that the Vienna
Congress had issued an estimate of the world's crop favorable
to the advocates of lower prices had a depressing effect,
though It was sub.se<iuently denied! Latterlv better weather
jn Logland and at the Northwest, and heavy "
long " selling
ooth here and at the West, as well as soiae eelling by foreign
bbl.
Superflne
Extra, No. 2
Extra, No. 1
Clears
Siralghts
Patent, spring
$5 609^ 90
92 30»$3 00 Patent, winter
3C0» 3 80 City shipping, extras. 5 1S7> 5 25
3 759 4 00 Kye Hour, superfine.. 3 509 3 90
Fine
2 50» 3 00
4 259 4 70
4 759 5 10 Com meal
Western, Ao
2 75 9 3 00
5 239 5 50
Brandywlne
3 259 3 30
5 759 6 40
ORAIM.
Wheat—
corn, per bush.—
0.
0.
Weat'n mixed
«123
54%» .i5%
West'n mixed N0.2. 55%
9
55%
Western yellow.... 56 9 57
..1 05%9106%
56>4 9 57 1*
Western white
90 9111
OatB— Mixed.. 1? bu. 40 « 42
110 9116
Spring, per bnsh.-.l 10
Spring No. 2
Red winter No. 2
Ked winter
White
BREA DSTUFFS.
58>a
White
42 9 50
40^49 41H
No. 2 mixed
66 • 68
No. 2 white
42 9 43
67 9 69
The movement of breadstuffs to market is indicated in the
Itatement below, prepared by usfrom the figures of the New
first give the receipts at WestYork Produce Exchange.
em lake and river ports, arranged so to present the comparative movement for the week ending August 33, 1890, and
since August t, for each of the last three years:
Rye-
Western, per bash..
State and Jersey ..
We
BkHpU at—
now.
Whtat.
^
Com.
Oats.
BM<.i9eu>< BlMh.60 Uu BiuKSeib,
Ohlcago
MUwaukee...
Dnlnth
Minneapolis.
Toledo
Detroit..
Olsreland.
.
.
..
St. Louis.....
PeorU
Tot.wk.W.
Sams wk.>89.
game
wk.'88.
8«nc< Aug.
1890
188»
188S
BmKSitbf
78,188
38.184
458.2in.
1,441.796
l,88i,87S.
1D().991
19.860
173,000
88,465
51.786
S00.74S
279,737
240,851
48.995
323.186
379,557
38,000
8)6.165
181,800
107,880
28.079
477 440
615,000
1.952.966
2.347.7«2
3.308,«92
2,823,242
3,302,752
8,700,006
1,930,217
640.828
6.843.986
B82.751
703,563
10,083,637
7,424,458
9.583,758
6,498,343
1,905
2.727
S,168
30.011
3.310
246,948
212,322
216,099
11.028
Rye.
Ih,
B«. B6Q»
115.48S
183,100
76.998
80,880
24.415
22.94ft
Barley.
BtM)l.48
T.sa8
924
2.430
17
921
18,2)0
1.789
1,100
2,521.8«4
1302,033
42,143
108.127
99.3S1
2.804,624
43,039
liUJ»»
8.046.314
B41.637
108.066
M8.i8B
83141
at».vn
1.
8,82ri.528
7.863.028
4.911.756
WS,OM
Therece ipts of tl our and »<ram at t heseaboiud porta forth*
week ended Aug. 33, 1890, follow:
I
.
.
THE CHU0N1(3LE.
282
Flour,
Wheat,
Corn,
bii»h.
btah.
JTewYork
Boston
Montreal
bn»h.
96,880
45,018
31,346
8,»22
78,873
2.350
22,220
390,800
Fhlladelpbla..
Baltimore ....
Blolunond ....
Vew Orleans..
Barley.
bush.
OaU,
bbl:
At-
1,100
203.674
72,076
292,587
13,455
11,356
45,289
132,538
29,010
12,825
&ush.
750 25,650
600
285
120
798,600
120,240
273,900
119,360
Rye,
6,775
59,884
80.760
14,580
4,479
870 31,014
1,963
60,22i!
The exports from the several seaboard porta for the week
endioK August 33, 1890, are shown in the annexed statement:
Wheat.
Mew York
Oom.
Bwh.
'JEST'
Buth.
200.628
63,858
401,855
Boston...
Portland.
Montreal.
98,720
97,053
1 6,800
279,720
50,003
Baltim're
N. Orl'ns.
112.686
80,555
845,431
FUladel.
546,447
riour.
Bbt$.
74.223
24,512
Oaf.
By*.
Buth.
2,760
Buth.
49,099
Peax.
913,112
In store at—
buth.
1,014,581
55,700
Albany
483,579
4,297,774
179,417
395,680
1,597,702
561,472
70,000
2,719,798
Bnffalo
Chicago
HUwankee
Dolnth
Toledo
Detroit
Oswego
St.
Louis
afloat...
Cinclnnat] .......
Boston.
Toronto
Montreal
FhUadelpUa
Feorla
Indianapolis
Baltimore
Minneapolis
On Mississippi...
On Lakes
On canal & river.
Tot.
Tot.
Tot.
Tot.
Tot.
Aug.
Aug.
Aug.
Aug.
Aug.
23,'90.
16.'90.
24.'89.
25,'88.
27,'87.
Central America.
506
South America. .
Other countries
2,50.5-
3,994
25,520
15
1,893
1,392
79,996
35,303
1,092
5,814
95,559
39,740
1,392
115,299
6,906
135,299
8
.
Total
• Ohlna, via Vancouver....
Total
*
27
260
54
90
345
From New England miU
points direct.
27.392
236,660
31,713
and assorted
buth.
1,065,1
8,400
34,000
687,002
3,422,630
5,2'-0
171
437.6)3
10.780
10,000
1,155,172
buth.
buth.
315,880
11,500
48,900
179,220
885.088
8,629
30,409
buth.
1,961
27,6bo
27,455
267.662
69,702
61,518
29.619
74,991
39.370
96,960
37.304
3,1.8
2,569
"i;6o6
1,700
770
14,700
33,417
13,200
401
18,289,447 9,493,312 2,792,361
18,452,780 10.067.069 2,264,103
14,291,270 9.4T6,150 5,611,809
27,170,952 8,121,917 2,347,570
30,572,750 6.372.905 4,780,723
504,802
37,016
22,439
113,356
6,082
1,000
133,095
3,81^,503
82,521
1,211,625
996,000
and colored cottons in package
Prices ruled steady all along the line, and
certain makes of t-tandard sheeting:* and bleached shirtings
were slightly advanced by the mill agents. Denims and
cheviots were in better demand, and some good-sized round
lots of brown cottons were taken by exporters and converters.
Printed calicoes were fairly active in the hands of agents
and jobbers, and th(-re was a steady demand for dark dress
ginghams, which was only partially met by the mill agents
because of the meagre stocks on hand. Print cloths rukd
quiet, but closed fairly steady, oi the basis of 3 5-16.'. asked for
64x64s and 2%c. for o6x60s.
liberal distribution of plain
lots.
1889.
207,5a7
A i.g. 23.
stock 0/ Print Olotht—
Held by Providence manuf'ers...... 473,000
113,000
Fall River manufacturers
None.
Providence speculators
6,000
outside speculators (est)
645
400
10,567
15,'6bo
503..'i8l
870,656
231,062
239,478
366.823
355.827
327,758
137,195
226,0:4
THE DRY GOODS TRADE.
NBW
YOKK. Friday P. M., August 29, 1890.
The week under review has witnessed an active business
in all branches of the local jobbing trade, and a like condition
of affaiis has seemingly existed in nearly all distributing
points in the interior, judging by the constant demand for
reassortments that was experienced by commission merchants and importers. Retailers from all parts of the country
were largely represented in the market, and their joint purchases of fall and winter goods reached an important aggregate amount. At first banc's the dt-mand for seasonable
goods by personal selection was of lair proportions, and pretty
good orders for certain spring and summer fabrics, as white
goods, fine zephyrs, black cotton dress goods, summer underwear, &c., were placed (for future delivery) by large jobbers
and the manufacturing trade. Prices ruled steady on nearly
all domestic and foreign fabrics, and print cloths have stiffened somewhat because of an agreement among the Fall
Eiver manufacturers to sell no regular goods (64x6^8) before
October 1 for less than 3 5 16c. cash.
Domestic Woolun Goods.— The demand for men's-wear
woolens at first hands was spasmodic and irregvilar, but the
tone of the market continues steady, owing to the moderate
stocks on bai.d. Spring cassimeres and suitings continued
in Hgbt request, and thtre wss more relative activity in lowpiiced g(ods and fine grades than in medium qualities.
Lightweight worsted suitings and trouserings were in fair
demand, and low grades are well under the control of ordeiB. Black and blue serge suitings were in steady request
and firm, and there was a moderate business in indigo blue
flannel suitings. Heavy woolen suitings and worsteds continued in fair demand for the time of year, and stocks are so
well in hand that prices remain firm. Light-weight satinets
were in moderate rtquest by clothiers, and there was a light
band-tomt uth demand for Kentucky jeans and doeskins by
package buyeis. Cloakiogs, stockinets and Jersey cloths
were lightly dealt in by the manufacturing tra<3e, but prices
remain unchanged. Flannels, blankets, carpets, dress goods,
shawls and wool skirts continued fairly active in jobbing circles, »nd a somewhat improved re-order demand for these
goods was reported by the commis'-ion houses,
DoMESTio Cotton Goods.—The exports of cotton goods
from this port for the week ending Aug. 26 were 1,392
packages, valued at |93,587, their destination being to the
points specified in the table below:
Aug. 25.
179,000
10.000
None.
3,000
14,000
None.
192,000
592.000
Total stock (pieces)
1888.
Aun. 24.
1890.
14.000
93.780
9,470
99,7rS
59,824
177,186
4,000
51,702
1.536
52.035
375,276
41,200
675
P51,599
640,000
51
24
27,978
44,1.00
918,-54l
312
Mexico
6,775
1.301
31,946
4,111
3,889
3,685
9,940
49,0991
130,001'
6,000
2.077
61,002
65,6u3
235,595
14,234
305,915
India
Africa
West Indies
96
23
182
4,138
1.221
28,138
2,098
7,087
4,242
9,167
1,245
3,052
17,682
1,926
3,7dO
"'535
Do
CMna
Week. Since Jan. 1,
98,446
40 J
The viBible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, August 23, 1890:
Bxrley,
Byt,
OaU,
Oorv,
Wheat,
NewYork
Do afloat.
87
30
374
Great Britain
Other European.
1.
192,250
24,499
i;o20
8,030
50,961
B'me time
1889... 1,450,438
26.
The value of the New York exports since January 1 have
been 14,508,365 in 1890, against |5,678,851 in 1889.
At first hands there was a moderately increased demand for
staple cotton goods by personal selection and through the
medium of orders, the recent activity of the jobbing trade
here and in wide sections of the country having depleted tbe
reserve stocks of distriboters. Jobbers continued to make a
33',518
N.News..
Btduu'd
Tot. week.
to Acg.
Week. Since Jan.
Buth.
2,903
1889.
1S90.
New York
Arabia
12.937
235,609 985,048 611.922 1.003.776
Total week
Oor. week '89. 308,418 1,781,226 l,627,7«i3 1,255,761
PVOL. LI.
14,000
Nt)ne.
None.
FoHEiQN Dry Goods.— Owing measurably to the impending legislation upon the tariff, ihe demand for imported goods
at first hands was chiefly of a hand-to-mouth character, and
strictly moderate in the aggregate, but a very fair business
was done by some of the principal jobbers, who are perfectly
willing to dispose of their stocks on hand on a moderate margin of profit irrespective of tariff considerations. Most descriptions of foreign goods are steadily held by importers,
but stocks are ample, and there is rather more disposition to
sell than was manifested a bhort time ago because of the advancing season.
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Aug. 28, 1890, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows:
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