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1
xtmtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES,
VOL.
SATURDAY, AUGUST
49.
^'Iic
:
Bubsorl ptions will be oontiniiod until doBnltely ordered stopped. The
cannot be responsible for remittances unless made by drafts
money orders.
abllsher.-^
r Post Uthce
London Aeeut»
Messrs. Edwards & Smith, 1 Drapers' Ourdens, E. C, who will take
subscriptions and advertisements and supply single copies of the paper
at Is. each,
wriiiAn H niKA
("WltLIAn
B.
DANA
^k
increased stock speculation contributed in part to the excess
wliich reaches over twenty-three millions of dollars.
The
speculative dealings at the Boston Exchange were of much
smaller volume than in the week ending Aligust 24, but
record an increase compared with the like period of 1888. Jl^
Contrasted with the correspondiug week of last year the
current returns exhibit an excess of 19-6 per cent, the gain at
New York being 33-7 ixjr cent, and that for all other cities
9-8 per cent.
The most important percentages of increase
recorded are at Fort Worth, 127'8 per cent; Denver, 54-9;
Peoria, 48'7; New Orleans, 44-3; Dallas, 38'3; Galveston, 33-9;
Louisville, 30-4, and Milwaukee, 30-1 per cent.
Losses are
shown at eight cities, but aside from Duluth, 64-3 per cent;
Los Angeles, 47-5, and St. Joseph, 21-4 per cent, thev are
small. The exchanges at New York other than those resulting from share transactions at the Stock Exchange, were for
the week this year §463,165,784, against §361,461.572 a year
ago, or an excess of 37 '9 per cent.
Co., Pnbllshers,
lOa William Street, N KIT YOUK..
Post Office Box 958.
I
I
CLEARING HOUSE RETURNS.
New York
The weekly bank clearings at New York and other cities are
made up by the various clearing houses each Saturday noon.
That fact makes it imposssible for us to cover the current
week's returns, as we go to press Friday night; so to keep the
record accurate we are compelled to give the figm-es of the
previous Saturday in the detailed statement, which is the
second table of this article.
At the same time, that our readers may gain some idea of
the cm-rent week's business, we obtain each Friday by telegraph tlie clearings for iive days of six of the more important
clearing houses, which together with New York figures make
up about 89 per cent of the total for all the clearing houses
for the same five days included in the full statement.
To this
we add in a lump the returns for the other cities (which average only about 11 per cent of the whole) for the same five days
of the previous week, and that gives us a five-day total which
must be substantially correct for the whole country. For the
sixth day, to bring the statement up to a full week's oiierations, we add about one-fifth of the previous total, making
allowance only when the transactions at the New York Stock
Exchange are above or below the average. The final result
is an approximate statement of what the full six days' clearings for the whole country will aggregate when the week's
statement is made up Saturday noon. Prepaied in this manner it will be seen, according to the table which followis, that
the clearings for the five days have been in the whole country
week against
$650,619,914 last year;
and
Saiet
623,785.7»4
oS—
{Stocka
iCotton
iOrain
tPetroleum
fharea.)
hfilei.)
bushels.)
bbl9.]
corresixjnding
Providence....
Bartford
Mew Haven...,
lK>well
New Englanil..
bii
1889.
Kew York
BoMton
Phllmlclpliia
liaUliiiori)
(.'Iiiciigo
>.'t*w Oiii-untf
,
+ 10-9
Total all cities
All cities, 1 iliiy
$7ii0,ll38,347
*655.619,9I4
+17-S
1(10,108.217
l.-..->,073,671
*!i'/(l.l46.r>(!4
*81(),(i9:t.58.-i
+155
10,761,36i
12.83«,»:4
0:8,931
+2 5-
Total Middle.
OhlcaRO
-t-21-6
-0-i
+4-3-
+2-9
2,'-2a,976
-30-
87,035,391
74.697,546
-1-16-7
84.715,078
62,369.675
+6-6
4-116
04.837,8V8
ll..'565,600
4-8-5
-f30-l
-t-16-5
+22-8
+15-9
CinciQiiatl
8.9,s2,6£0
Milwaukee....
Detroit
4. 654 .068
68.518,4f6
8.049,150
3.501,711
4.t(r3,4"7
4,V!70,81.1
Cleveland
3.453.V54
3,114,395
Columbus
-HOK
4.542.448
5,156,143
3,492,496
2,258,301-
1,79,'.292
-t-a5t
2JS-i6,.300
[ndianapollB...
1.778.030
1,825.359
Peoria
1,458,921)
664,790
9S0.946
531,857
-f487
1.635.^^0
1.411,282
-fO-2
634,039
+0-7
+23-2
+14 7
80,368,783
82,587,989
4-9-5
93,500,826
+IS-i5
16,552,906
15.518,677
7.697,900
3,243.50
2,974.049
3,029,630
2.498,846
2,813.878
1,429,678
46-7
18,001,950
8.474.905
3,795.374
4.444.144
4,681.643
8,658.813
1.012.764
1.257,975
581,111
Qrand Rapid!.
Total Middle Western
San Francisco
Kansas City
Hlnneapulls
7.078.rt92
3,624,372
S.6;i,l71
St.Paul
3.7«l,f<12
3,869,H: b
,
,
1,004.373
l,:va,543
429.621
636,874
aS3,973
542,168
400,56;
553.5a I
817,7110
608,467
833,766
4t5,156
-6-(-
4-117
42f5
4-24-3
4-64-9
-64-3
—21-4
-47-5
69il,920
4-24-6
378,101
462,902
447,448
+12 8
-f-B50
4-22 7
+3-8
+17-7
+12-X
+21-3
+26-4
+52-4
-56-7
-52
—44-7
+ 14-1»
+19-7
+10-S
6,Sa,390
l,556,u8->
1, -260,90'
42,575,138
41,301,142
4-81
47,443,eSfi
+8-a
17,076,8118
4-8-1
New Orleans..,
LoutsTillo
18.467.914
4,925.961
5,708,449
18,971,5(18
+10-1
3,413.969
4,378,897
444-3
6,151.331
+30
4
6.,S57.182
+I4-»
+34 5
Memphis. ..p.,,
947,008
824,366
+149
Klobraond
1,4 54.1194
1.30 ,236
Dallas
1,281.918
927.830
953,,«42
933.1120
468,5.16
649. BU6
4]8.7,h5
+11-8
+S--2
+127-8
1,377.812
1.826,948
1.883,087
791,2S2
Louis
Port Worth...
Oalveston
Norfolk
BirmlDKham*.,
Total Southern....
Total
all
Oofslle NewTork..
Tnl.ll iillrltics for wcclt
046,878
-fl4 9
42,887,078
8,998,460
47,131,000
13,807,310
S2,34.'i,nOI
+5-8
+24-4
81-0,664
11,277.777
12,H38,908
011,011
2.997.390
Baltimnre
50,208,004
9,153,375
!)2,41(i,200
992.448
915.728
718,666
891,108
Pitt«burir
Total Other Western.
-fl80
-t-iao
-I-120
8;5,«2»
997.728
723.047
-«-9-
Bt.
.'(•r)73,274,013
+10-1
+20-1
-5-»
55,(140,010
$67fi,022,147
l.lS2,5a5
60,494308
$401,394,088
S«vcn cltioH, 5 itayH
Other cities, ilays
+8-8^
1.058,,'i8a
84,554,3716
Portland'
3,407,9.^)1
1,419,758
H06
1"
—
-136
57,0.32,563
11,071,600
3,834,822
8
-154
-H6-2
$lt)2,40»,8«3
4(1,017,000
^t. L(tui8
4,::6l?,'dOO
-111
942.106
-4-4
+6-5
63.686,395
9,812,742
10,037.616
611,793
SlonxCltj''
1888.
-H9-a
l,li62.10'
0)
(-60-6>
78,539,561
Tacoma*
Tdeomt'h.
3,595.H<'0
92,864
-(-2
(-68
62,207,(195
"CnpelcB
lictuiim
73.913,923
6)
1-81-5)
SI .SI 9, 103
Total
Des Moines
Wttk Endlno A\ujutt 31.
(;i.EARixns.
(+8-8)
(+13-31
Philadelphia
Los AnKcles
Wichita
last year.
+10-*
(987.728)
6
98.1.767
Worcester
Portland
(+34
6iO,o25,8S6
(>iS8,600)
(12.41-0,6201
ili.t08,0U0l
89,321.641
SorlnKfleld
-i23-
(+13-4)
17.
P. Cent.
P. Cent.
(-623)
71.flt6.562
4,2SS,80()
1,410,88'
t-
fifth to
week
504,441.5
(l,10!).82a
1979,234)
,398,200)
(i9S,h0Ol
(15,134,:,w7) (18'.6o5.3s7l
(«,364,000) (16,922,000)
Boston
each of these for the additional day the Omaha
Denver
return for the whole country for the week ending to-day at Uulutb
noon is approximately §929,146,564, against §810,693,585 the St.Joseph
adding about a
Week End's Aug.
Wttlc Snditig August 24.
1888.
8769,038,347 this
1,262.
is
Fi>rOne Year (inoladln); postage)
$10 20
do.
For Six Montha
6 10
Ktiropean diii)8orlptton (Inolumng postage)
11 28
European Subscription SixMontUs (ineluiling postage)...
6 64
Annual su))8urlptlon In L>uudou (including postage)
<2 78.
BixAfos.
do
do
do
*1 Ss.
These prices Include the Investors' Supplement, of 150 pages
Issued once In two months, and furaished without extra charge to
eabsorlbers ol the Chkoniclk.
A die cover is fnralshed at SO oents; postage on the same is 18
eats. Volumes bound for subscribers at $1 00.
Ji^a^mJyD
jiHKO. FLOVD.
NO.
1889.
The statement of exchanges for the week ending August 24
given below. Compared with the previous week the figuresdisclose a gain in the aggregate of $11,957,661.
At New York
ChvouicI c.
Terms of Subscription— Payable in Advance
31,
4-U-6
'
^'ut included la totala.
35.131,612
960,800.8»'
1
497,61,8
+ 331!
-rh
29,640,02»
+18-9
700.490
811,007,839
+196'
641.996
607.710
645,047
+S5-5
+14 8
+120-4
+46-4
+6-2
-2-a
37,508,916
+18-4
049,248,18tl
4-8-8
THE CHRONICLE.
252
We
[Vol. XLIX.
remarked above that the cause
the loan market was twc-fold.
TUE FINANCIAL SITUATION.
few
not often that the money market, in any
it has this
as
relief
absolute
sncli
experiences
days,
but the
week. The cause of the reaction was two-fold,
disbursemeuts.
source of deliverance was Treasury
It
is
real
Secretary
Windom
is
certainly to be congratulated on
The
of the reaction in
influence
we had
in
mind, other than Government disbursements, was the
large and free sales of foreign exchange the first of the
week, and consequently the ample supplies of money
That
offered by some foreign bankers in our market.
not
only
because
it
was
referred
to,
feature needs to be
a source of temporary relief, but because so many have
during the past ten days over-estimated its importance as a permanent means of supplying loanable
funds.
It is a method of keeping the money market
he evidently had sources of information
at
not open to the public. Obtaining and purchasing
week
the
during
bonds
of
his own price, $16,057,150
ending last night, added to $2,118,250 the previous easy very limited in its scope, except so far as it may
Bank reserves, when
week, in the face of difficulties which seemed insur- be followed by gold imports.
mountable, '8 from the Government point of view a low, are the controlling fact in the monetary situation.
his success
;
complete triumph. Mr. Windom's duty, as well as his Anything that replenishes them sujjplies the need and
purpose, was no doubt to secure what he wished at the meets the emergency ; but selling exchange and loaning
lowest cost, and to have yielded to the demand for an ad- the proceeds depresses the naturally high rates for money,
vance in his price at this early stage of the fall require- which are a restorative agency, and thus Becomes a
ments even a half a cent, would have put him at a decided source of weakness and not of strength, checking the
disadvantage in making the future purchases which inflow and stimulating the outflow of currency and
His victory also is proving apparently
than was at first manifest, for
he has not only captured the bond combination, but
in doing so has as it were put to rout the idea that the
bondholder can in an emergency secure whatever price
he asks; hence ever since the large offerings began
will be needed.
of even wider influence
the banks, our only reserve
In this instance the bankers who sold the
exchange, loaned the proceeds out and obviously did relax
but had not the supplies of currency
the money market
further
embarrassing
holders.
;
from the Government followed, the relief would have
been very temporary and the recoil sure and severe.
As it has turned out, no one will regret that
other considerable lots have come tumbling in.
from
the
authorized
fully
who conducted this operation have had to
reflections
are
those
While these
they depressed
official side of the question, for one who seeks to fore- pay pretty dearly for their experience
cast the money market or whose operations are depend- exchange rates a cent and gave other bankers the
ent upon its future character, it will not do to speak or opportunity of getting hold of a considerable amount
act as if the incidents of the week were a full assurance of exchange at low figures, and then as soon as the
We can- large offering of Government bonds was announced
of low rates during the coming two months.
not forget that the ordinary Government receipts are in sterling recovered the decline, and then again advanced
excess of disbursements, and to that extent bond pur- until now it is almost at the gold-exporting point.
chases in no degree add to the supply of currency afloat. Later in the season, when our merchandise exports
Then again so far as the Secretary's purchases become free, an import of gold could by the method
cover
the
securities
now lodged with the used be forced and hastened, but gold imports are not
Treasurer either as security for currency or for Govern- possible with the trade conditions as they now are.
ment deposits in banks, the only advantage their pur- Even in the later months, unless interest rates rule high
chase can be to the money market is in the excess of and the need becomes quite imperative, we do not look
the price paid above the currency or deposit for which for a gold movement from Europe in any considerable
they stand pledged.
As illustrating these points we amount. The Bank of England and the Bank of Gerhave the record of recent operations between the many have small stocks, and unless the Bank of France
Treasury department and our Clearing House banks; should let out some of its accumulations and replenish
that record shows, notwithstanding the purchases men- their reserves (which, as we remarked last week, our
tioned, which, including the premiums, call for an aggre- London correspondent seems to anticipate in connection
gate disbursement for
the
two weeks of about with the closing up of the conversion of the Bussian
$22,700,000, that the total net payments by the Treas- loan) a gold demand from us would be resisted as long
ury to the banks during the same period was only as it could be, and finally meet with a very reluctant
$7,700,000.
Of course the bond offerings included not response.
unlikely some from holders in cities other than New
Money on call as represented by bankers' balances
York moreover the New York transactions could not has been falling all the week. The extremes have been 6
have
been
wholly
completed
last
night,
and and 2 per cent, with the average about 4| per cent;
hence a portion of the payments will lap over into the renewals started the week at 5 per cent and closed last
coming week. For these reasons the net stated cannot night at 3^ per cent. Banks and trust companies were
;
;
be taken as the
from the pur- able to maintain 5 per cent as the minimum up to.
of the Thursday; after that the tendency was lower, though
restricted
nature of these operations as a con- this decline was not rapid because the movement of
tribution to bank reserves, and therefore also suggestive
currency to the interior continued, and besides that
of the amount of these securities the Government will
last Saturday many of the banks were very low in
require before easy money can be assured through the
reserve, the total surplus reported being only $2,066,two months. For it is to be remembered that the cur000, whereas four of the larger banks held $4,133,000.
chases.
full
That net
benefit
is,
resulting
however,
suggestive
rency supply for crop purposes has scarcely begun to
Time loans are also lower. The quotations are 4^ per
move yet. Still, beyond question, a point of the high- cent on dividend collateral and 5 per cent on good
est importance has been gained in so completely
reliev- mixed security for thirty to sixty days, and 5 per cent
ing the sitnation for the time being, and more
especially on dividend and 5^ per cent on good mixed for four
in relieving the anxiety felt in business
circles and mak- months.
The offerings on time are now large, but
ing commercial paper again more salable.
lenders want to nake contracts for five, six, seven or
a
1
Auou&T
31,
THE
1889,]
CIIIIONICLE.
money will
to make long
eight montlis, while borrowers, believing that
be easy after the
new
year, are not inclined
engagements.
For commercial paper there is a better
inquiry, and it comes not only from out-of-town but from
our city banks, who are seeking choice names. The supply
is
now comparatively
from current rates
it is
for
day endorsed
concessions
believed that the offerings would
cent lower than those ruling last week,
to ninety
at
bills
5^@G
one per
being for sixty
receivable
four months acceptances
of
5@5^
per cent,
per cent, and
for
good single names having from four to six months to
run G@7 per cent.
The low rates for sterling exchange here the early
part of the week, and the revival in the withdrawals
of gold for export from the Bank of England, were
instrumental in causing an advance this week in the
official minimum of that institution to 4 per cent from
3 per cent, at which it had stood since August 8th.
The rate in the open market, London, for discounts of
sixty to ninety day bank bills was up to 3|@3f per cent
on Thursday before the advance by the Bank; but that
high figure was very possibly in part due to the disturbed condition of business in London resulting from
the labor troubles which since Monday, according to
the reports by cable, have had the effect of practically
laying an embargo upon the commerce of that port.
The Bank
of
England reports a
loss
this
week
of
253
THADH MOITICmMtT Of Tgl OWITBD
MKKCHANniaE.
.Six
SmMTtM. ImvortM.
/m-
0/
i~
Bx-
porU.
'
t
9.130
am
Hi.OH-,
•a.«2.\
8I7|
«sol
%
1,S6:
«
1.440
1,17>-
teoi
a,f,9:ii
1.141
1.41)0
4.393
3,170
+3,713
!t,Sir
+•^,370
3. "24, 493
3,20f
1,433
1,449
•J,17«
March
«9,12l
38.787
May..
!i-i,V'«
08.73S 'lO.CklU
7154 I
June...
48.2B
July...
3!i.2i
Ul.tOtt •li,»41
J 0,771* •18.531;
»5« 18,13 + 17.47H
83A 3,281
+4,446
330.137
398.12 issr.fwa
.51,051
The
47.101
+
41.901
0.24S 10.84BI39.839 *ii8,9U3
1
Excess ot linportn.
*
3.448 tl'i,8»l
'
1.078
2,SI8
1.810
861
I ,».T
1,898
1,780
rt.62i,
1,874
1
a-.i,063J
5,S88,'J0,22i + 14.888 14,8Si;! 7.«58i
8.174
7,5«8'
008 14,24*1 8.862
4,»7; 139.919 t34,»43 13,2l6| 8,898
7,!«5 S,539
+«5I 19,986 10.249
I
I88,'5. :j8-i.CHK
«
3,003;
April..
3,20(1
Ex.
portt.
f948
Feb...
Total 413.».'ii 4<i3,''lH •49.1H
188S. 3i6,2()7U31.»ft> '"75,788
1N87. 3»»,7S 1 1 4.07a "34,288
•3.S31
I HMO. .380.1111 381.2)4
If
port).
'
t.IO?!
59.m2
tJOttj
parU.
Bxc4m
]m-
}
1
1
((8.36'.
Ba-
0)
Import*.
porta.
|
SlLTSK.
Bxeeu
I
BxporU
Jan....
»TATie»-(0OO» .iniltMd
80L0.
BxeeM
tt>S9.
limited, but
Quotations are about one-half
increase.
fOBIIQ.V
7.678
1 3.43»l
7,627
3,386
«,SSO
9,738
7,867
Bxcejs of exports.
t
favorable feature in
exports during the
the foregoing is the free
four months of this year.
first
Trade remains active, with both consumption and
production on a very large scale.
The agricultural
promise is about the best ever known, and this acts as
a stimulus on every department of trade.
The weather
has been favorable for the
maturing
principal producing sections
of the West,
an early
cereal escapes
factory as that of
the unusual
the
spectacle
exceptionally large
frost,
of corn
in the
and
if
this
the yield will be as satis-
other cereals, and we will have
of all
— corn,
the leading crops being
wheat,
cotton and
met with
favoring combination seldom
in
the
oats
—
agricul-
according to a special cable to us tural world. In the iron trade the reports are of a
this loss is the net result of an import (part from France steady improvement, with producers fully supplied
The
and part " bought
of £8-5,000 and of receipts from with orders and prices hardening and advancing.
£206,000 bullion
;
")
coal
trade
would seem
to
be an
and an anthracite
to
the rule of
good
business,
for
export wholly ta Brazil of £400,000. The open market exception
rate at Paris is now 2^ per cent and at Berlin and complaints of slow sales and inability to get schedule
quotations are frequent, and the companies have this
Frankfort also 2^ per cent.
As explained above, under the influence of the strin week agreed to limit production during September.
gency in money in New York and of liberal offerings of Yet the coal situation is not without some satisfactory
Indeed, after examining Mr. John H. Jones'
bills induced by that condition, long sterling was reduced features.
one-half cent to 4-85 on Saturday and a further one statement for July, issued this week, it is hard to see
the interior
of Great
Britain
of £109,000,
pound sterling for both long and short on
Monday, making the rates on the latter day 4-84 for
long and 4-87 for short.
At this decline the markej.
was quite unsettled, but on Tuesday, with the prospect
of easier money here, there was a reaction of half a
cent, while on Wednesday from the same cause tlie
market was firmer. On Thursday, with the Bank of
England minimum advanced to 4 per cent and our
money market again less active, while bond purchases
continued so large by the Government as to lead to the
cent per
low rates for money here, sterling
was further marked up by some bankers to 4-84^
for
long and 4-88i for short, but these rates
were
not
posted
by the leading drawer until
Friday.
The market continues strong at these figures.
belief
One
in
gets
why
the accounts of the trade should not be very
more encouraging than they
are.
To
much
be sure, the outj
put of coal was over a quarter of a million tons larger
than in the same month last year, when it had been
unusually heavy, but stocks were reduced, indicating
that
more
consumption
than
To show
enlarged output.
regard to consumption,
the
kept
pace
with
the
exact position with
we give the following
table in
our usual form.
Jan.
July.
1 to Juli/3t.
very
some idea
of the reason for the present situa-
exchange and the unnatural condition it was in
on Tuesday, from the trade statement issued this week
by Mr. Switzler of the Bureau of Statistics for July. It
seems that on the merchandise movement in that single
month there was an excess of imports of $18,532,000,
tion of
1889.
stock
beginninK
1888.
1887.
1888.
1888.
Tom.
Tom.
Tmt.
7bfM.
j
1887.
Trrm.
83S.7n4
3,627.522
741.958
3,3«6,2;2
Total suDply
end of period
l.481.28<i
4.108,V30
788,0811
.^88.469
3,562,158 19,399.880 19.052,705 19.037,352
704,101
788,069
586,469
7(4,101
Consumption..
3,1)73,2 17
3,621.781
2,8S8,057i 18,611,811 19,066.236 18.333.281
of period
Production
.
St'k
Thus consumption
7on*.
625.15«
800.S34
130.977
372.282
2,761,024 18,774.724 19.521,728 18,665,070
,
in July this year
was 151,000 tons
and the remarkable fact
about it is that last year there had been in the same
month an increase of no less than 663,000 tons, and in
the year before an increase of 430,000 tons, so that the
the imports reaching the very large total of $70,778,606, total of 3,673,217 for 1889 compares with only 2,438,the largest in any montli for many a year.
Since the 604 tons in July three years ago. For the seven months
first of January our imports aggregate $463,118,000, or to date the consumption now stands but 454,000 tons
nearly 133 million dollars more than in 1885.
We give behind 1888, while being 278,000 tons ahead of 1887.
larger than in July last year,
below the July statement arranged with the previous
in our usual form.
It will be noticed that in the
last three months the balance against the United States
on the merchandise movement has been about 48
Stocks at tide-water points are 201,000 tons greater
than a year ago, but are not particularly large as comThe companies
pared with either 1887 or 1886.
will make no advance in prices Sept. 1, and as the
million dollars.
production
months
is
to
be restricted, there would seem no
..
THE CHRONICLE.
264
reiuson
why the
trade should not soon get into a better
condition.
Chicago has been reporting very heavy receipts of
grain lately— some claim the heaviest in its history.
What has been said above with regard to the agriculfor
tural situation affords an explanation of the reason
of
crop
heavy
gathered
a
just
has
country
The
this.
is also
wheat
spring
of
harvest
the
and
wheat,
winter
At the same time, farmers
progressing satisfactorily.
are sending forward large supplies of old corn, the yield
for
last season having been so heavy, and the prospect
already
the present season barring an early frost, as
said
—
— being for another crop
situation as regards oats
is
of like dimensions.
The
The
yield
much
the same.
[Vot. ZLIX.
shows $22,302 gain in net (14 per cent), and the
Nashville Chattanooga & St. Louis return showing a
gain was given two weeks ago.
The approximate net
on the Chesapeake & Ohio and Richmond & Allegheny
is $205,000 for July, 1889, against $125,394 for July,
1888.
Down in Mexico the Mexican National showa
an improvement of $40,330. Among the trunk lines
the Erie reports $159,070 increase in gross and $42,476:
in net, and a memorandum accompanying the statement says that the 1889 earnings, both gross and net,,
are the largest for the month of July in the history of
the company.
It is the Pennsylvania, however, that hasthe most striking gains, the gross on the Eastern system
having increased $419,202, bringing the total for the
month up to nearly 5^ million dollars, and the net
having increased $257,246, with an improvement of
ditions not only account for the current liberal move- $184,213 more on the operations of the lines west of
ment, but suggest a continuance of the same. As Pittsburg, making a total increase in net results for the
bearing on this latter point, it is to be borne in mind month of $441,459. The following furnishes a comthat the price of corn is low, and that as a consequence parison for six years on this large and representative
Our system.
considerable amounts are being shipped abroad.
wheat surplus, too, should find' a ready market abroad,
last
season was over 700 million bushels, and the outturn
Such conis said to be even better.
the present year
for
while
in
some of
the
the
American crop is large, the yield
European exporting countries has
would seem
as if only sheer folly on our part, such as would be
reflected in another attempt to corner the product,
could check a free outflow of that staple during the next
ten months. Altogether, the promise is for considerbeen greatly reduced
;
as things are now,
able activity in the grain
trade
—a
it
circumstance of
and carriers,
and in fact to the whole mercantile community.
Reports of railroad earnings are of the most encouraging character.
AVe give on another page our
usual weekly summary, covering the returns for the
third week of August, and the result is a gain of
12 -08 per cent over last year on the 6G
roads
embraced in
the
exhibit.
This is a
heavy
ratio of improvement, but is especially satisfactory
because it comes after a gain of 4:"95 per cent in the
same week in 1888 (on 74 roads), a gain of 9^ per cent
in 1887 on 68 roads, and a gain of about 14 per cent in
1886 on 60 roads. There are very few lines that do
benefit to farmers, shippers, merchants
Likes east or
PlTTSDnRO.
isee.
Juhj.
t
1888.
1887.
t
1888.
1884.
6,241.674
4,ft22,412
t
4.6=4,870
4.
I
t
t
»a.677 3.6W,I05 8.989.085
a,38n,02i)
8,224.004
2,08),S!!tf
2,
r70,04«
2,523,0SB
2,597,9«9
Net earnlnus... 1. '^55,854
Western Hues
+279,809
1.598.408
1.6;S,54l
1.5'-0.«2S
i.ie^oio
1,49' ,11»
+150.608 +262,508
—37,1(8
droBB earnines.
^perat'K expenses.
. .
Beanlt
+95,506
1,004
'
1,S24,149
1,843,136
+Sl,a9&
1,442,811
Jan. 1 to Jul]] 81.
9r08a earninKS
33,2«5.91l 33,880,«1 31,025.094 27.60C.M1 25.00l,rO,S 27,322,334
Operat'g expenses 82,979.736' 22,3S9.440 20,507, l70'l8,856.5S9 17,324,790 17,'!18.976.
Net eamlnKS...
WMteru
lines
Rdnnlt
It is
I0,2«6,125 10,291,171 10,467.921
-15:,8S5 -197,490
9.260,232| 7,679.B08| 0.503,35S
+ 211,390, -252,415—1024,188, -718.ie»
l",10g,240|l".093.''.81 10,708.3141 «,H9r.S..7
nothing
less
«.fl55.710l
8.790,198
than wonderful that the Pennsyl-
vania should be able to show a gain of $565,000 in gi'oss
on the Eastern lines for theseven months, and net nearly
the same as last year for that period, notwithstanding
the loss of $1,149,382 in gross and $804,602 in net
during June on account of the floods.
The Northwestern rate situation has not changed
during the week except that on the advice of Judge
Cooley, of the Inter-State
Commerce Commission, the
& Northern and
other roads have temporarily
Burlington
between Chicago and St.
Paul on tlirough shipments from the seaboard. Judge
investor's point of Cooley holds that in the manner adopted by the Northsame favorable na- ern the through rate as made is illegal, but that joint
statements of quite through tariffs can be issued with the aid of the trunk
a number of large companies, and the degree and amount lines, and the effort now is to get the trunk lines
of improvement on some of them is really noteworthy, to consent to such through tariffs.
Of course, the
while almost every section of the country seems immediate effect of this withdrawal of the 15-cent rate
not participate in the present year's
however are the returns of gross
what is more important from the
view, the net earnings are of the
ture.
We have this week the July
to
be
represented.
increase.
Not only withdrawn
their 15 cent rate
earnings good, but
Taking
the
Pacific
roads, has been very beneficial, for it avoids for the time
an increase in, net of $270,- being the application of the same low rate to points
298, the Canadian Pacific an increase of $203,020, beyond St. Paul and also to intermediate stations, as
and the Southern Pacific on the Atlantic system (Pacific threatened by some of the companies. In the Central
system not yet reported) an increase of $109,778. Traffic Association notice has been given of an advance
the
Union
Pacific has
Or take the coal roads; the Central of New Jersey has in iron and steel rates.
another addition to both gross and net, and even the
In the stock market the week has been an active one
Philadelphia & Reading reports better results than in and prices have pretty generally tended towards a
the corresponding month last year, though the opera- higher level.
AVitli the Western rate situation simplitions of the Coal & Iron Company are not included and
fied in the manner mentioned above, and with the
the accounts of the Railroad Company are not given in
Treasury getting a very liberal supply of bonds, thug
full.
The course of earnings on the granger proiicrtios easing up the money market and removing for the
is reflected in the gain of $155,785 in net
reported by l)resent all apprehensions of stringency, the conditions
the Illinois Central last week. From the South,
we have been materially different from last week, and the
have a loss of $57,790 by the Central of Georgia for the
stock market has reflected the change.
There have
month, but this follows wholly from heavy betterment
Ijeen some other stimulating agencies.
Thus a heavy
ex])enditures, the gross having
increased $82,798, buying
movement has been in ])i'ogress in all
or
over 10 per cent.
The Norfolk & Westeru the Villarcl
stock.?,
and particularly Northero
AuacST
Pacific
points.
rally
it.
THE CHRONICLE.
3!, 1889,
common and preferred, which have
The upward movement in these
risen several
stocks natu-
in a measure carried the whole market with
Notice has also come that the Missouri Pacific
255
portance to have the situation of rates so satisfactory as
was during the whole of that time. For iu the six
it
harmony prevailed
Trunk Line Association (the B. & 0. cut was
made till after the close of the period), and doubt-
months
in
in question almost complete
the
restore salaries in its traffic department wliich not
were temporarily reduced last winter. At the same less schedule rates were neVer more closely adliered to.
time the continued good reports of earnings, with some As we have before remarked, however, this was a cirspecially favorable statements the present week, and the cumstance relatively of much less consequence in these
encouraging accounts with regard to both corn and six months than it will be in the last six months, since
would
in the first half of last year (with which of course present
Atchison stock, which for results are compared) trunk-line matters were in a
some time had been a weak specialty, the last few days pretty fair state, though to be sure much less satisfacThe absence of the special disturbfollowed the course of the general list and scored a tory than in 1889.
sharp rise. Earnings of the company are improving, ing elements which existed last year, such as the blizand there are reports of new economies to be introducod zard and the severe winter weather, and the various
make
cotton,
speculators naturally inclined to favor the
long side of the market.
labor troubles, must also be considered as having been a
movements of money decided advantage to the roads.
Then the grain movement was heavier than a year
to and from the interior by the New York banks.
ago.
We show to-day in a special article that taking
Received by
Shipped by
yet Interior
Week endinQ Aug. 30, 18S9.
York,
Boston, Philadelphia and Baltimore toNew
iV. F. Bama iV. r. Banks.'
Move-nienU
gether,
the
receipts
of flour and grain in the
(3,205,000
Loss. $2,059,000
Currency..
B00,000
Loss.
74 1,000
Gold
first six months of 1889 were about ten million bushels
(4,105,000 [Loss. t2.lAt.00t>
Total KOld and lesal tenders....
tl,3.-)8,000
larger than in the corresponding six months of 1888,
in the
The
management
of the property.
following gives the week's
I
Witli the Sub-Treasury operations the result
Week ending Auq.
Into Hanks.
30, 1889.
Net Change in
Oat c^ Banks.
Bank
Banks Interior .MoTement,
as
above
Total gold and legal tenders
»l,300.0'O
... I. }2'j.3ott
OOO
which
is:
Holdings.
»4, 105,000
Loss. (2,709,000
14,400,000
Gain. 0,800,000
118.505,000
Gain. (0,801.000
^U3. 30,
eoid.
18-8.
KnKland
France
~
lotai.
t
20,035.495
53.218,168 50.387,359 103,605.537
29,230,000 14.fll0.000 43,830.00(.
20,63i.sao
43,817,548 49 247.630
93,085 178
20.1)35,465
Qermany
saver.
£
S
20,834,58')
32,125.334 l«,0e2,8a«
4H,l,18uOi)
AuBt.-Uung'y
6.4.32,000 IS.S.tr.OOO
21.869.000
8.072.000 15,205,00li
21,277.0))(,
Netherlands,.
6,541.000' 6,4J2.00O
2,8J7,000!
11.9!d,000
3,971.000
5,737.000
Nat.BelKium.
18,899,000
3,S24.0V
week
laLprev.Wt.
Tot.thls
1,324,000
2,519,000
7,982,000
1,275,000
118.993,883 88,580,.3S9,203,"i74,05 '! 111,135.442 89,752,200 200.887,788
ll7.2t9.B53 88.772.685' 208-0.32 X\H 1 1 1.121.875 Sa.H13.aBs 2<in H W 97»
COURSE OF TRUNK LINE EARNINGS.
Both the Pennsylvania and the Erie have issued their
July statements of gross and net earnings this week,
and they are commented on in the foregoing article on "The Financial Situation." The statements
are interesting as famishing the most recent information
"with regard to the operations of these roads, and therefore as reflecting the present course of their income
Unfortunately not
all
the
trunk
lines
issue
monthly returns of net earnings, the Baltimore &
Ohio being indeed the only other one of the distinctively large
tioned.
companies, besides the two already men-
The New York Central
gives out
reports of
gross by months, but not the net,
and the Lake Shore
& Michigan Southern, the Michigan Central, and the
Nickel Plate (New York Chicago & St. Louis) furnish
neither gross nor net.
happens, however, that these
companies are required to file quarterly statements with
the New York State Railroad Commission, and with
the publication last week of the results on the Lake
Shore for
It
lbs.
to
At an average
it.
the bushel, this increase represents an
additional tonnage
revenue
wholly to the advantage of the
net sharing in
to the
of 250,000 tons.
roads
As regards the
resulting from
the increased
we assume that the stuff came all the way
from Chicago and was moved over the whole length of
the trunk lines to the seaboard, and that 25 cents per
Banluo/
Silver.
of 50
tonnage,
Bullion holdings of European banks:
Axtg. 20. 18-i».
gain accrued
railroads, the canal
if
100 lbs., or tio'OO per ton, was the transportation charge
on the same, the 250,000 tons would represent the sum
of 1^ million dollars in added gross earnings.
Of
course, the grain did not all come from as far West
as Chicago, and of course other lines besides those embraced in this review must be regarded as having participated in the benefits of the increased movement,
and yet the calculation as given affords a measure of
the importance of the enlarged volume of freight from
this source.
On
the other hand, there were some notable offsetting
disadvantages.
ished
demand
Prominent among these was the dimincoal, because of the mild winter
for
weather which prevailed. This affected the roads proportionately to the amount of this class of freight in
their tonnage, and the heaviest coal carriers suffered
most, but as hard and soft coal alike experienced the
same drawback and all the roads move considerable
amounts of coal of the one kind or the other, it is easy
to see that none could have escaped from the effects of
this adverse element.
It is to be remembered, too,
that tliere was no revival of new railroad construction,
and that while without doubt general trade was more
active than a year ago, profits were not such as to warrant high transportation rates on the contrary, in the
iron industry some important reductions of rates in
different parts of the trunk-line territory were found
necessary. Finally, the heavy floods in Pennsylvania
and adjoining States constituted a great check to
industrial activity in that part of the country during
June, and involved the Pennsylvania Railroad as the
;
quarter ended June 30, we are in position
the figures for those companies for the first
half of the current calendar year.
By incorporating at principal sufferer in a loss of 11,149,382 in gross earnthe same time the results for the like period ou the ings and $804,663 in net earnings for that month as
roads furnishing monthly statements, we have the mate- compared with the same month last year.
rial for a comparison embracing the whole body of roads.
Looking now at tlie results of the six months' operato
th'e
make up
The operations of the half year were attended both tions for the different roads, the outcome is in accordby some favorable and some unfavorable conditions and ance with the conditions prevailing that is, the changes
circaxnstaaces.
It wag certainly a factor of great im- are rather irregular iu their nature, some reflecting im-
—
THE CHRONICLE.
256
[Vol. XLIX.
provement and others the reverse, while for the roads net 22 millions. On that basis we are able to make a
slight. comparison with some of the earlier years, and the
as a whole the differences are comparatively
as any, result is quite striking.
well
as
perhaps
We find that the gross is
done
has
Central
York
New
The
hating gained #157,000 in gross earnings and nearly #18,700,000 larger than in 1885, and the net #6,800,000
400,000 in net earnings, while the Erie, being so largely larger than in that year. Of course in 1885 the showfared ing was exceptionally poor, as that covered the period
affected by the condition of the coal trade, has
and immediately preceding the trunk-line settlement. But
earnings
worst, having lost #043,000 in gross
favthe
however
comparing with 1884, even then there is a gain of 13
amounts
which
308,000 in net, both of
The Pennsylvania million dollars in the gross and 3^ millions in the net.
account of the Tlie point should not escape notice, however, that the
loss
on
heavy
notwithstanding
that the slight
floods, is UG,000 ahead in gross for the six months, and net is not as large as two years ago
only $28-2,000 behind in the net; with the July opera- loss this year follows a much larger loss in 1888,
tions included, the result is still more satisfactory. The making the aggregate amount of the net now #1,919,000
Baltimore & Ohio has gained over #400,000 in gross for less than in 1887, with the gross #1,453,000 larger.
the half year, but most of that was used in heavier The point is important as showing that the railroad
In this industry, like nearly all other industries, is working
expenses, leaving the increase in net #76,000.
*
improved
by the on a much smaller margin of profit.
further
would
be
case also the result
The Lake Shore has
As the fiscal year of some of the roads in the above
inclusion of the July figures.
added #162,000 to its gross earnings, but the managers review begins with the 1st of October, a few words with
orable result for J uly i n part offsets.
the
—
having been increasingly liberal in the matter of expen- reference to the results for the period since then will be
The New York Central for the nine
ditures, the road again loses in net after a loss last year, ajipropriate.
some that the amount for 1889 is nearly #400,000 less months ending June 30 shows gross reduced #091,824,
than in 1888, and almost #700,000 less than in the six but net increased #48,713, owing to a reduction of #740,months of 1887. The Nickel Plate has suffered a 537 in expenses. The company has apparently been
The following sum- spending smaller amounts for improvements and addicomparison
only
with the figures tions, and yet, as in the corresponding nine months of
furnishes
a
not
mary
but
with
those
of
several
other years pre- the year preceding it had reported #1,800,000 spent in
year,
last
of
decrease in both gross and net.
As the Baltimore & Ohio record does not extend
we give totals both with and
ceding.
that way, the reduction of less than three-quarters of a
as far back as the others,
million in expenses this year would seem to imply that the
without that road.
going on. The Erie for the 10 months end#660,632 behind in gross and #247,392 in
net, after deducting in each case the amounts due the
The Balleased roads operated on a percentage basis.
timore & Ohio for the same 10 months has increased its
#660.
gross #413,622, but the net only a trifling sum
January
1 to
June £0.
New York CentralOroM earnlogB
Kxpeos«s
»
Net MmlDRfl
work
1889.
1888.
1
»
16,780.143
1«,628.6S3
11,365,721
ll,807,!)8'*
6,414,424
6.015,845
{
1887.
1
»
1886.
1885.
t
*
16,786,785; 14,918,618 •11,565.856
10,868,806
9,597,498 •7,«88,079
1
6,838,980
5,316,180
•3,679,777
Ptnnfylvania—
*
N«t eMulDcs
»,004JB37 87 858 SOS
81,319,593
l»,598.7e7
14,799,734
8,410,47U
l«a65!442: 17!586!84l' 15!58o]540
8,81tt,763;
8.784,383
7,689,884
8,519,809
tErie-
is still
ing July 31
is
—
THE SEABOARD GRAIN MOVEMENT— PROSPECTIVE AND PAST.
1
GroM earnings
ExpenMB
11,097,566
11,741.017
11,446,305
10,457,049
8,658,149
8,078.775
8,409,187
8,lB4,95a
7,954,628
8,988,718
3,0ia.791
8,331,850
3,851,340
8.803,431
1,«69.436
S,8M9,69e
8,667.«89
8,M4,33«
6,933.682
6,487,654
e,«44.71il
8,3S>4,8«?
5,068,138
4,485,985
4,588.116
«.fl84,975
8,883 667
°
*^
2,447,897
1,89J,538
6.833,000
6,535,000
6,361,000
S.ISO.OOO
4,973,000
4.424,000
4,785.000
4,011.000
8,952,000
3,888,000
1,809,000
1,810.000
1,850,000
1,484,000
1,087,000
Orou ewnlnga
«,277.85f
8.515.970
8,880,701
1,738,834
1,5011,155
BxpeDscst
1,774,5*1
1.869,308
1,576,18»
1,165,907
1,128,219
503,3SC
606,668
644,5»
566.927
882,936
Net eamioira
Ixifcc
Shore—
BKpenftea
MlchifianCtnlratOr •IB earnlnga
N«t eanlogf
'^'"*
^
—
ynifYorkCk.4tSt.L.-
Neie«rQliiff8
Boadt—
Orou Mrnlngf
If the present prospect of a very heavy grain movement during ensuing months shall be realized. Western
ports and Western roads will not alone be advantaged.
The leading seaboard cities, as well as the trunk line
roads running to those cities, will share in the benefits
a circumstance which is sometimes overlooked. Much
of the grain will ultimately find its, way out of the
country, and on its journey to the foreign markets it
must of course pass over some one of the inland routes to
It may come wholly by rail or wholly by
the coast.
water, or partly by both, and it may be consigned to the
merchant at the seaboard, to be sold or shipped to the
consumer on the other side, or it may be sent direct to
Bl.lTI),50e 61,850.6« 47,803,48« 48,433,652 39,274,861
NMMrnlDKi
»,04S,»9S 88,690, :87 83,965,488 «0J»:6.789 15,838,548 Europe, but in any event increased traffic and increased
AUtlmore A OMoactivity will be the result of the larger movement.
9,984 ,690
9.560.763
zpaoM*.
Not only however is the promise for the future good,
7.a92,«S0
7,064,056
KM arahici
8.»i»,(ie9
but as compared with last year there has already been
S,4«6.«97
IMolSnc* Jioiul*quite a little improvement in the volume of the moveOrow nrslnn
88,187.039 83,500.467
Bxp«iia««.
ment thus far in 1889. We have made up this week
58.314.688
NatMralogi
24.618,088 86,185.884
from the monthly figures a statement to show the
Wfit Shore operation! not Incladod thia year.
receipts at New Y'^ork and other northern seaboard cities
**" "' fltUbiirg and Ei le.
ni.°S*
°*' earnlnwi are here given less amouata due leaaed
for the first half of the current year, and find that the
^^
«id?oii52?lf
S2
operated
">fai
on a p. rcenta^e basle.
i not iDoladlng .taxes.
increase over the corresponding six months of 1888
It will be observed that wo are
dealing with heavy reaches about 10 million bushels.
This is perhaps not
aggregates.
With the Baltimore & Ohio included, the as significant as appears on its face, since the deliveries
gross reaches #83,187,038 this year, and
#83,500,467 last last year were exceptionally small, and yet 10 million
year, the change thus being very slight.
So, too, with bushels represents a large amount of traffic.
At an
regard to the expenses, which amount to
#58,508,956. average of 50 lbs. to the bushel (the figures are com
against #58,314,583, and the net, which
is #24,018,083^
piled in mixed weights and also include flour reduced
against #25,185,884.
Without the Baltimore & Ohio, to its equivalent in wheat), it means 500 million pounds
Tolnl .Six
73,22S,4««
73.940.714
71.768,851
62,T28,341
54,513,407
'
I
•
the total of the gross
is
73i million dollars, and the
of freight, or 250,000 tons,
which certainly
is
a very
AuarsT
THE CHRONICLE.
31, 18fc9.j
considerable item, and one which must have yielded not
The above
257
figures relate simply to
New
York. At
namely Boston,
However, the fact that even with this increase the total Philiulelphia and Baltimore, the changes have been
receipts here have been much below the average is well much the same, though in amount of course considerworth bearing in mind, for it indicates that with the ably smaller. Each point shows heavier receipts than
promise afforded by present conditions there is room for last year, but a very much lighter movement than in
Combining the arrivals at the" three points
a further and much more marked improvement in the 1887.
ensuing year. Some idea of the relative extent of the mentioned with those at New York, the aggregate
half year's movement in 1889 maybe obtained from the increase over 1888 is, as already stated, about 10
following table showing the total receipts at New York million bushels, but on the other hand the decrease
from the year preceding (1887) in this way reaches over
for the first six months of the last twelve years.
a little extra gross revenue
roads.
FIHST 6 MONTHS.
Hush.
60,652,094
1884
1'85
4?,2fl.i,138
57,305,881
1886
1887
53,915,894
in 1888,
38,412.1)31
and
81,100,857
65.9Si!,949
188S
18S3
41,070,812
52,804,898
52,460,120
1838
1889
43,181,313
see that while the receipts for the half year
in 1889 at this point were 43 million bushels or about 4f
million more than in 1888, in 1885 to 1887 they ranged
from b'i to 57 million bushels, and in the period from
1878 to 1881 the range was from 60 to CO million bushels.
It is, perhaiJS, surprising that there should have
been any increase at all in the arrivals the present
year in view of the diminutive extent of the wheat
shipments.
There was very little export demand for
wheat at the Atlantic seaboard, besides which the crop
small.
seaboard
points,
23 million bushels, the aggregate receipts of
Ytar.
il'mr.
1)8.321,049
was small, and the surplus therefore likewise
it happens that after the very note-
last year
the other leading
Biuh.
1881
Thus we
Trunk Line
the
NEW YOKK
BtCEIPTS Of CnAIN AT
Tear.
1S78
1879
1680
to
Hence
worthy decline in the receipts of that cereal from
19,-
and
of grain
flour
all
kinds
the four ports amounting to
at
78,202,540 bushels in 1889, against 68,254,515 bushels
and 101,494,665 bushels in 1887.
'
The wheat
were 23,073,956
bushels in the six months of 1889, against 35,118,437
in 1888, and 59,675,318 bushels in 1887, but the corn
receipts were 34,315,444 bushels, against 12,367,886
bushels and 20,828,481 respectively in 1888 and 1887.
In the foregoing we have taken the figures for the six
months rather than for the seven months, because we
think it desirable to have them for the even half year.
The July results by themselves, however, are interesting as reflecting some alteration in the comparative
character of the receipts and also as showing the exist
ing tendency towards very large totals. The circumstances affecting the wheat and flour movement during
July were not altogether favorable, yet the receipts at
flour receipts at the four ports
341,813 bushels in 1887 to 5,276,320 bushels in 1888, the four seaboard cities foot up 0,098,775 bushels (flour
there has been this year a still further decline, the total being reduced to wheat on the usual basis), against only
for the whole six months being only 1,733,326 bushels
5,753,326 in the same month in 1888 that is, already
;
in other words, the wheat receipts at New York by all we have a slight improvement.
In July, 1887, however?
the routes during the six months of 1889 were not the arrivals of flour and wheat were 14,286,849, and
one-tenth what they had been in the same six months this is suggestive of the possibilities which a large crop
only two years before.
The flour receipts also fell off, when attended by a corresponding export demand offers
—
standing at 2,071,791 barrels in 1889, against 2,874,753 in the way of heavy totals. The corn movement hss
bbls. in 1888 and 2,675,543 bbls. in 1887— the falling off continued large as before, and the deliveries at the four
from last year in bushels being over 3,600,000. There ports in July, 1889, were 5,624,696 bushels, against
was furthermore a decline of nearly 700,000 bushels in only 1,926,725 bushels in 1888 and 2,880,491 bushels
the arrivals of malt.
But on the other hand the in 1887. Altogether, if we count all the other items of
which had been small in 1887 at
and in 1888 still smaller at 6,409,589
bushels, in 1889 jumped up to 17,564,927 bushels as the
result of last season's large yield and the existing good
export demand.
This gain was much more than sufficient to wipe out the 1889 loss on wheat and flour>
but far from sufficient to wipe out the loss previously
deliveries
of corn,
8,-551,878 bushels,
gi-ain,
this
the receipts are 15,499,775 bushels for the
year, against
month
only 11,050,462 bushels last year,
being an improvement of over 4,400,000 bushels for thi*
one month.
very
much
Of
course, in July, 1887, the total
was
heavier, reaching then 20,561,271 bushels.
Eeturning to the
New York movement
for
the half
year and looking at the relative position of the different
experienced; hence, while the total grain movement at routes, we find that the whole of the gain of 4f million
New York is 4| million bushels in excess of that for bushels in the grain receipts, and more, has accrued to
1888 (when, as already said, it was exceptionally small), the advantage of the railroads, both the amount and
it is
nearly lOJ millions below the total for the
of 1887. The following will
first
half
the proportions of
water routes having fallen
the
show full details of the receipts There has been nothing
off.
comparative situation of
for 1889, as compared with the figures for the four years the rail rates in the two years to account for this
preceding.
It will be noticed as regards corn that diminution.
The tariff on grain was maintained
large though the deliveries have been, they are not up to on the basis of 25 cents per 100 pounds Chicago to New
those for 1 880, and considerably less than those for 1885.
York through the whole period; and as there hardly
Kl.NDS OF URAIN RECEIVED AT NEW YORK.
ever was a time when greater harmony between the
Jtmuary
Flour
Oorn meal
Corn meal
1
(o
June
30,
bbls.
]
1889.
18S8.
2.071,-9:
2,874,753
bbls
sacks
86,025
2?838<)
217,022
Wheat
bufh
1,73:(,829
Corn
bush. 17,564,927
bush. 9,075.700
bush. l,8^o.6^o
bush.
242,»'54
Oats
Bar'.ey
Rye
Peas
*•»"•
Total ((rain
Flour red ':cp(I to
Heal red ucud to
Craiid total
,.
1837.
2,675.513
78,65
6
18'8.
2,34A,682
1885.
2,989,996
',457
6-1.516
77,318
207,62'
207,060
131.434
5,278,220 19,341,813
8,6U1I,114
«,4C9,5>*1»
8,551.878
H(,717.682
l',047,390
9.003,1172
10.919,201
1,500,882
1
70,88-
,470,727
1
,ssn,9eo
314,228
173,«41
2,a32,622
2,057,716
bosh. 33,{]63,435 24,':27,K92 11,219.081
41,256,671.1 13,27 .'.238
.bush.
991,350
99,0(X>
busl.
1,626.5h8
2,323,944
..bu-h.
P,32:!,0.5H
bush.
79;,82u
318,188
1)11,033
12,936,887 l2,0)fl,W2 10,555,'efl^l3.ir>l,983
71«,6.-.a
bush.U.S.lwj,,')!:) an,412 1)3
o;6,«ii8
68j-,190,
67.-<,U0
5.<,»I5,8,M 52.41 9.42» 57,;t05,:i61
in the
six months in
must have been
adhered to very closely much more closely than in the
year preceding, though even then the situation was by
no means bad.
With reference to the reduction made
by the Baltimore & Ohio, that did not come till after
the close of the half year that is, in July.
During
June the Lehigh Valley was reported to have secured a
large consignment of grain by offering an extra low
rate for the water carriage between Chicago and Buffalo*
but that would hardly explain the whole of the change
different roads prevailed
question,
it
than during the
follows that schedule rate?
—
—
n
THE CHRONICLE,
258
It is also a faot
ia the relative position of the canal.
days earlier
that the canal this year was opened nine
against
May,
than last year— namely the Ist of
loss in
the
however
Probably
the 10th of May.
to the
referred
bo
is
to
the percentage by that route
heavier
concurrent
tlie
and
wheat
smaller shipments of
amount of
arrivals of corn, as proportionately a larger
is to be noted
and
it
corn,
tliau
canal
by
goes
wheat
The
[Vol.
made
for this Congress was
call
XUX.
in conformity
with the Ministerial decree (Ministry of Commerce, &c.)
Under that decree
of the 6th of December, 1888.
an organization committee was formed of which J.
Magnin (Senator Governor of the Bank of France) was
President and Messrs. Leon Say and Henri Cernuschi
were Vice Presidents, and a notice sent out under date
of the 5th of April, of which the following is a copy.
MINISTRY OF COMMERCE, INDUSTRY AND COLONIES.
previous
that the canal's percentage also declined in the
off,
UNIVERSAL INTERNATIONAL EXHIBITION OF 1889.
jear when the wheat shipments so largely fell
GENERAL MANAGING COMMITTEE.
though the late oi)ening of the canal had much to do
MONETARY COKOKKSS.
ISTEKSATIOXAL
canal
the
explanation,
But whatever the
with that.
has only lC-15 per cent of the total deliveries in 1889,
against 18-84 per cent In 1888 and ?l-86 per cent in
1887, while the ratio coming by rail was 80-96 per cent,
against 77-37 per cent and 77-00 per cent in 1888 and
Paris, 5th April, 1889.
—We
Sir
lional
have the honor to inform you that the InternaMonetary Congress, instituted on tlie occasion of the
International Exposition of 1889,
Palace of the Trocadero, from
-will
the
be held ia Paris at the
11th to the 14th of
September, 1889.
1887 respectively. The following gives the amount
We enclo.se herewith the list of questions which a»e there to
considered.
and proportion brought in by each of the different beWe
hope that you vrill be disposed to take part in this
routes.
Congress, and we beg in such case that you will inform us of
your intention.
BECF.irre OF ORAIS AT NEW TOHK BT ROUTES.
Receive, Sir, the assurance of our most distinguished
1886.
18S«.
18i7.
1880.
For the Organization Committee,
consideration.
January
J. Maonin, President.
to Jutu ao.
BU9h.
P.C.
P.C.
P.O.
Biuk.
Hu»h.
Biuk.
P.O.
1
<0-M
M.r.Caat.
«,gi«.2g<
Bria
7.380.974 17-OH
Peniu
D.L.4W.
4.sa.2«; 113.M8.e»8 S-22
WatSh...
7.U00.8*
L«hl(ih v.
Bait. *0..
ijm.oiis s-as
Tar. Rl<.s.
430,7771 l-OO
401,141
Tot. RR.
BIT. & c-w.
all.
li-ii
4,533,802
2,810,100
6,g6-,9i2'ia-32i
1
1-07
;
1
8,561,839
)
8-41
5-21
6,097.R00 11-62
5.590,943 10-37
'
6-67
S0,72I,9I1 77-37
8'43
4,543,659
..-1
6-04
S.173,148
1
1
41,515.77J'i77-0
i
61\ei6' 1-14
1,IM420' S-7«
2-.-^9
6-93
3.115,811.
1
;
1.24J,IS«
2407
13,107,812
10,005,336 20-77
4,4' 8.010 8-57
11.481,' 51 21-21
6,829,895 17-7S
a.i&s.n.'u 10-30
a.0»J,454| 5-4>
W.»iO.,V27J(IO-ll6
C»n>l
Total
T<,eo2,Tn 23-37
8.(»I.47«
1
40,898,StllJ77-90
872,509 1-06
0.lr7a,(100|16J6
7,g3«,*o'lS-8l|
ll,784,60U;21-c6
10.7-,i8.03<)|20
43.l!M.313 liiOO
:B.412,B.Ji' 100-1)1
53.015.«»4 100-0
5i;.-)i)o.i-.;o
44
Uloo
Leon Say,
Henri Cernuschi,
Adolphe Coste,
Fernand Faure,
—
Vice-Presidents,
Secretaries.
N. B, ^Please address notifications of membership and
correspondence to M. J. Maguin, Governor of the Bank of
France, Rue de la Vrilliere, Paris.
Extract from. Rules— A. full report of the proceedings of the
Congress wiU be published by the Organization Committee.
A subscription of 20 francs shall be paid by each member of
the Congress.
Eules for the regulation of the Congress were likewi se
adopted which ^jrescribe among other things that it
For thii first time the deliveries of -the Lehigh Valley shall be open for four days 'beginning with September
and the Baltimore & Ohio are shown separately. lu
11, and that its membership shall consist of all those
previous years they have both been embraced with the
who have accepted the invitation down to the date of
'•
various railroads."
The result confirms the suppo- the opening of the Congress. A programme was also
sition that the Lehigh Valley constituted the chief
drawn up specifying the nature of the subjects to be
factor in these various roads as formerly composed, for
discussed and the work which would come before the
now that we have its totals separately we find that Congress. This document
we give in full.
it
delivered 5-55 per cent of the whole receipts
PROGRAMME.,
during 18S9, while the Baltimore & Ohio brought in
Is/, Report of the Committee on Statistics named by the
only 1 -07 per cent and all other unnamed routes only 1-00 Committee of Organization, ihis committee will make a
report upon tlie latest works on the statistics of gold and silver
per cent, making 7-G-3 per cent, which is 0-95 more than and instruments of circulation and upon comparative monelegislation.
in the year preceding.
Another prominent change is tary
2d. Inquiry into the causes of the fall of the value of silver
a rise in the proportion by the Lackawanna from 5'4-3 in relatively to gold. Should this fall be attributed to the in1888 to
8-2-^
per cent in 1889.
The Pennsylvania is
slowly creeping up in its proportion, while the New
York Central and the Erie continue to lose somewhat.
The West Shore has maintained its large percentage
remarkably well. The Central and the West Shore
combined Iiad 36 -80 per cent of the whole movement
in 1889, 37-20 per cent in 1888, 33-74 per cent in 1887,
and 30-90 per cent in 1886.
THE MONETARY COXGRESS IX PARIS.
One
of our leading bankers has recently been favored
with an invitation to attend the " International Mone"tary Congress" to be held in Paris in September.
Through
his kindness
we have obtained all the papers
accompanying the invitation, and as they show the
scope and purpose of the gathering, we have
thought
our readers would be interested to know their
contents.
France does not come as a suppliant in the matter
of
bi-metallism. To be sure it has a silver as well
as a gold
currency, but with over 63 million pounds sterling
(say
205 million dollars) of gold in the Bank of France,
no
one will question its ability to take care
of
effort is therefore in the interest
of
itself.
Its
commerce, which
is
everywhere suffering through the present
attempt to
revolutionize the world's currency.
creased production of the mines ? or should it be attributed
to the suspension of the free coinage of silver in bi-metallic
States ? or should it be attributed to the,se causes united ?
3d. What injury do the fall of silver and the frequent fluctuations of its value relatively to gold cause to commerce in
general, to industry, to agriculture and to Government
finances ?
Wi. Examination of the means proposed for remedying this
state of things (a) Re-establishment of the former bi-metallic
system on a broader basis by means of an International agreement. (6) General adoption of the single gold standard and
gradual demonetization of silver. In this eventuality, what
transition measures would it be necessary to adopt ?
5th. Advantages and disadvantages of monetaiy unions between various States, with reciprocal circulation. The amelioration and extensions of which such systems are susceptible.
Qth. Maintenance of monetary circulation.
Estimate of the
wear and tear of coin. Influence of the wear and tear of coin
on the premium paid for ingots and the rate of charges.
Means of remedyinjj it.
ought to bear the expense of •
maintaining the circulation private citizens or the State, or
the group of States forming a monetary union,
1th. Various questions: (a) Inquiry into the best type for
an international coin, (6) Observations in relation to subsidiary coins of silver, nickle and copper.
Note. The Statistical Commission upon question 1 of the
programme has been composed as follows: Messrs. Leon Say,
President; Ad. Coste, P. Delombre, Fernand Fam-e, Fournier
de Flaix and Alfred de Foville,
In order to facilitate the labors of the Committee on Statistics, those who take part in the Congress are requested at the
earliest po.ssible moment to send to M. Leon Say, President of
the Committee, '21 Rue Fresnel, Paris, the documents relating
to statistics and comparative legislation which they believe
will be useful to the Congress.
:
Who
—
—
Of course
it is
not to be supposed that anything
nite will be secured as
defi-
an immediate result of this
..
ACGCST
THE CimONlCLR
31, 1889.J
But taken
effort.
movement
of that Government,
question
where
is
it
and
of the recent utterances
pt(rttetavBs®0mmevciaX|5tt8Xisli^eu)«
evident that the currency
awakening a wider
is
the growing
connection with
in
in Great Britain
interest
2J9
[From
almost every-
oitT
own oorreapondent.1
Lo.VDON, Saturday, August
17, 1889.
in Europe.
The payment of two mUlions into the Bank of England yesterday for the Treasury bills allotted on Monday has been
JULY.
IMPORTS
much more easily made than was expected. It was feared
The Bureau of Statistics has issued its detailed statement of that the operation would so denude the outside market of its
tlie foreign commerce of the country for the month of July,
s:ipplie.s that very large amounts would have to be borrowed
1889 and 1888, and for the seven and twelve months e;,ding from the Bank, and that the Bank would charge
4 per cent.
July 31, 1889, and 1888, as follows:
As a matter of fact the payments have been made without
MEKCHANDI8B.
assistance from the Bank. In the morning the rate of interest
For the
For the 7
For the 12,
was as high as 3 per cent, even for loan.s for the day, but in
month of \lonthg ended Months ended
the afternoon, day-to-day loans fell to 2 per cent, and loans
July 31.
July.
Jull/3l.
for a week to 2)^ per cent.
The discount rate in the open
i(31,401,(U3 «406,620.617 $737,737,511
1889.— Exports— Dninfigtlo
815,7^8
7,3"4.G06
11,087,94:) market has been all the week 2% per cent for flrst-class bank
Foreign
$.';'.'.2i7,3:i .$413,!IJ1,223 $71B,4J5,457
Total
bills, and it is rather firm at that as the week closes.
The
70,778,()0'i 40.1,117,611
75 0,^20,513
Importa
probability appears to be that the rate will advance in the
Import*
exports
over
Excess of
$7Vi6V,b':'e early future, for the joint stock and private banks are not
Excess of imports over exixirts $18,531,235 $19,18i>,?01
AND EXPORTS FOR
1888.— Exports— Domestic
$43,946,738i$34'',496,580,
$079,307, oii)
7, '80,2^)0
l, 276.5.n
Foreign
12,47:^,905
|
$45,223,2'.9,$350.2H6,816 $091,781, •<^4
59,3-0,645 431,999,472 72>i,^44.5:.3
Total
Imports
Excess of exports over Imports
Excess of im)i'>rts nvf r ex|)Oit« $14.U.7,356 «75,732,656 *3 1,962,049
0(.LI» AND SILVER —COIV ANr> BrTLI.I<»N.
$4,879,797 $41,902,929 $5«,048.41^1
1889. -Exports— Uolo—L>om.
401,189
5,198,6
5,355,-00
ForeiK"
Total
$5,281,786 $47,101,579
$1,789,7H2
$14,640,923
Silver- Dom
7.422,«:U
832,007
Foreign.
Total
$2,621,849 $22,003,557
$7,603,635 $69,165,136
Total exports
$835,282
$5,200,359
Imports— Gold
10,0 -9,047
Silver
_ 1,760,5S»5
$2,595,877 $15,889,706
Total
Excess of exports over imports $5,307,758 $53,273,430
Excess of Imports over export*
$15,849,343
1838.—Exports— Go'.d- Dom.. $3,701,710
08,142
5,800,962
Foreign
$3,829,852
$21,710, ilO
Total
$20,8^^7,489
$1,900,449
Silver— Dom.
Foreign
342,981
7,421.819
$2,249,430
Total
$14,882,293 $2:^,279,301*
$6,079,282 $35,106,102 $49,989,018
Total exports
$347,04'!
$5,388,038 $42,103,011
Importa— Gold
.
.
Silver
Total
Excess of exports over Imports
Excess of imports over exports
1.090.093
$1,443,739
$4,035,543
7,255,199
$12,643,23;
$22,402,365
15,165,348
$57,268,959
$7V2'79',34i
TOTAL MKKCHANDISE AND COIN AND BOLLION.
$58,071,222 $.463. 170,469:$8] 8,953,,923
1839.— Exports— Domestic
.
2,079,7«4
19,925,890,
28,937,,415
$60,151,006 $433,090,359 $847,891 ,313
73,374,483 479,007,320 780,614 ,724
Imports
Excess of exports over imports
$4,089,031)1 $01,210,619
Excess of imports over export8!$13,223,477
1888.— Exports— Domestic
$49,614,897[ $375,035,225;$716,014, 7oB
Foreign
l,6i7.674
10,337,683
23,756, 746
Total
$51,302,571 $391,372,918 $741,771 502
Imports
60,824,381 $444,642.709| 784,013, 492
Excess of exports over imports
Excess of iiii porta over exports $9,521,813
53,269,7911 $42,241,990
Foreign...
Total
IMPORTS AND BXPORTS BT PRINCIPAL COSTOMS DISTRICTS.
lUPORTS.
Customs Districts AND
Ports.
Baltlmore.Md.
Boston, MaH8.
Buiral')Ck,N.Y
Champl'n.N.V
Chariest' n, 8.C
ChlcaKu.III,...
Cincinnati, O.*
Detroit, Mich.
July,
1889.
months ending
I
'
Julij 31.
Importa.
Export*.
r
t
188S.
1889.
*
»
monttu endiriQ
July 31.
$
1.47R.
S.U02.521
1,377.0531
8.«as,.273
,»78.7.19
25.'f61.2W
6.0SI).
0,4H»l,-02
:.»U8..'i01
39.48(1,,71)0
,624.874
32.8.58,470
i.uw».ov.i
2,804,,592
1,753,,171
317,8*1
7.019,.7at
l.«77,,020
l,e.i3..•MO
i'A,,«4o
3:i7,955
37M.,339
420,,494
52, 459
7.119. 5J1
245.805
224,291
834.510
4,735.462
718,117
811.
3:».
2l7.3li3!
41.831
i:t,
.'•
50.014
S17,1M
SOO.OJJi
.660..'.2:)
lending very freely to the bill-brokers, neither are they taking
very freely. They are of opinion that the large borrowing by tlie Government must tell powerfully upon the market
in the early future.
In round figures, the Government has borrowed from the
Bank of England about 6!^ millions sterling to pay the last
bills
quarterly interest on the debt and to redeem the outstanding
At the same time it has increased during the
three per cents.
Treasury bills by very nearly eight millions
another half million is to be raised before the
month is out. That wUl make altogether veiy nearly 8J^ millions sterling.
In other words, money which would otherwise
be at the disposal of the Bank of England amounting to about
634^ millions sterling has been paid away to the general public.
And against tliis, money belonging to the general public
amounting to nearly eight millions sterling has been borrowed
by the Government. It is understood that the two millions
paid yesterday will immediately be handed over by the Government to reduce its debt to the Bank of England.
Thereby
present year
sterling.
its
And
the Bank will obtain control of two millions sterling additional
money and the outside market will be poorer to the same extent.
The
half -million in treasury bills to be raised
will doubtless be disposed of in the
on the 27th
And
it is exfurther issue of treasury bills will have to be
The final result will be a transfer from the outside
pected that a
made.
market
same way.
still
to the Bank of England of most of the money which
has been paid in redemption of the three per cents. Therefore,
it is expected that the supply of loanable capital in the outside
market will become so scarce soon that the Bank of England
wUl obtain complete control. The coin circulation of the
country is still expanding, and is likely to expand more rapidly in the immediate future.
If there should be a large foreign demand for gold, added to the Government borrowings
and to the needs of improved trade, the effect upon the London money market would be very great.
The British mint has again been buying silver this week,
and the price has fractionally advanced. But the amount of
business doing is still small. The reports from the Indian disHeavy rains
tricts affected by drought are again favorable.
fell last week, and there is a decided improvement in the prospects.
The mid-monthly settlement on the Stock Exchange here began on Monday, and brought a much fuller attendance than
Duluth,Mlnn.
a,
17 1.8:11
ia,i20
425,821
had been seen for nearly three weeks previously. The memGalTe8l'n,Tei
2.:<7B|
3
AS
,2.se.8:»
MllwkecWIs.
8«.4.',0:
407.571
100,10
Mlnn's'a.Minn
97.H:i2l
114.
Sti.SUO
690.070
400 684 bers returned in a sanguine spirit, and at first sight it seemed
Mobile, Ala...
4.H.:iC4
7»,«74|
,029.818
2.215.2.58
as if we were about to witness the rise in prices which has so
New OrPns.La I.4ot.
1.7H2,7«0l
n.,31H.l-iO
,;i62,s:« 4I',9U9,331
New Vorli.N.V 44.S)fl.
2i!,»»4.127,-i9.)..BQl.OTI 280.2S7. 293
,?.49.78j lo7.1l.58.-^l4
long been predicted. During Monday and Tuesday quotations
Nlaxara, N.Y..
241.
+4,24-i
2.,331,01«1
1,900. 894
+22.51)3
+23..S37
Norfolk, Va...
15,
!!8.7o5
26..765
,718.019
4,1147.251
in nearly every department advanced, and the volume of busiOrcKon. Oreg..
n»,5.)3
llS.oiW
112.,18(1
602.211
123.57:1
OBwega'le.NTY
liv.
2t«l.HnI
."2^.l):^»
l,'i2<.2'<5
1,043.,4tH
815.510
Oswego, N.V..
SW \Vi 38:l.31.i .27«,570 1.17:1.,0»4: 1. 041.0 i8 1,188.7.57 ness done was larger than for ^sorne months past. But on
Phlladera, Pa. B.lla.
2,5u:i,501
.UH,l/Sl 37,184.,115 IH, ai.-i.uni 15.J4:f.815
Wednesday the activity ceased and the markets have been
Portland. Me..
X-'X
74,«51
811.,:9<i
744,"-i4
2,,490.403
St. Louia.Mo.'
2««.
,l5vj. lUO
1.B53.,5881
growing slacker and slacker ever since, with the exception of
Snn UiPKu.Cal.
4,'j.12!)
19,
241. 17(*
413,,8<i»:
312.018
i84,779
San Fran.,Cal. 4,S04. 7Ht! 2.:i'5.4in
30.549,.594 17,,977.751 H.738.245
those for diamond and gold shares. The report of the annual
Savannah, Ga.
iS.7 70
;',iw,aiti
2i7.»oa
178,,140.
5.781.545
5, II. .381
Vermont, Vt..
e&i
iiu.asi
3.H8S. 94^
I."3ii."4)
,7 .2.2-J«
1. 102.9:9;
general meeting of the De Beer's Diamond Company held at
Wlllainelte,Or
,(i:8'
4J,'17W
715rtl3
3.05i.891
Sill.»n
1. 982.07;
Wllmrif'n, N.C
,a 9
the diamond fisJds last month has been received in London
114,»U1
33.04-(
1.4211,251
82,,709
I.,02c>.319
The speech
this week, and has greatly stimulated speculation.
Totalpi,
(Ineluding all
of Mr. Barnato, who presided, was in the most glowing lano'h' r l>l«tii.l70.77H.«0«.')2a47.'17r4B'}.117«l<'431.99il.t72'413.<)31.a21 35.1.2''''.^H
He said that though the company declares a dividend
Eemainlnitin wan'Uou™ July 31, 1888
$39.<ioo,731 guage.
Beinalningiuwarenouw July 31, 1889
43,030,181 of only 10 per cent the net earnings amounted to 40 per cent.
• Interior ports to
vrlUi U inercliaudlse can be transported wltliou'
The Board, however, had written off all the expenses of amalappraisement, under act of Ju le lo, 1880.
t lucoiupictB III tlii^ aosouue of law providing tlie means of ooUeciiuR
heavy, the losses of the late fire and
the statistics of eip'irta lo adjacent foreign territory tiy railroad cars gamation, which were
and other land vehicles.
several other items, and besides had intentionally restricted the
1,3\5,
211!.
S9«.
BS-t.^OO
<.014.9W)'
.)o5,:)4«
,5r«.37:i
1
Si.
-2.
I
,476.185
,809,111
,<ifl7
.',!.'.;
l.t.
,9
,:!.-.«
1,985,810
574,882
3,154,987
,
THE CHRONICLE.
2«0
diamonds. At the present time, he says, it has on
mines blue ground of the estimated value of
ground in
nearly a million and a-linlf sterling, while the blue
he estimated at nearly 20 millions sterling. JIo added
XLIX.
[</OL.
and
outiiut of
interesting information respecting the life of iron
the floors of its
old iron rails on the Northwestern system used to
average sixteen years, while the new steel rails average twenty-
an increase of not quite but nearly iiO per cent.
Jn reply to a question, he further stated that the company's
receipts from first'class passengers average 4s. ll,i/^d, while
from third-class passengers they average lOJ^d.
jho price of pig iron has again somewhat risen this week,
Since the middle of June there has been an advance in warrants at Glasgow of about 8 per cent. In Bessemer pig iron
the rise is about 6 per cent and in Middlesborough is as much
as 16 per cent. The position in the Cleveland district is ex-
jhree years,
sight
that the
company has now amalgamated
witli or obtained tlie
poweasion of , or leased the mines, of all its principid conipetithat they need
tors, the few outsiders being so insignificant
markets
not be considered. Having control of the diamond
futuri.' ;it
in
sell
not
to
decided
has
the
comi»any
of the world,
cent,
leai than 3«) shillings a carat, an atlvance of about 20 {kt
He wound up
with a prediction
tliat
steel
The
rails.
|
the price of the shares
would l)efon> long double. Indeed, he gives calculations to
show that the shares are really worth £70. Some of the state- ceedingly strong, the stock having fallen nearly 1.5,000 tons in
ments api>ejir exaggerated, and yet there appears no reason to the month of July. Compared with the end of July last year
,
^
doubt that the position of the company
now
is
exceedingly
strong.
The
fall in
South African gold shares some months ago was
the consequence of an utterly reckless speculation. Bankers
found themselves obliged to call in loans. This led to forced
sales on such a scale that the market broke down and there
was a general collapse. Then capitalists, who were satisfied
from the results of crushings that the fields are very rich, began to buy quietly, but on a large scale, and it seems now that
the market is oversold. There does not appear to be what is
usually understood by a large short account. But dealers, not
thorouglily appreciating what was going on, sold liberally in
the hope that they would be able to provide themselves before
they were called upon to deliver the shares. They now find it
very difficult to do so, and hence there Las been a considerable
there is a decrease in the sttjcks of about 178,000 tons, or about
35 per cent. During the twelve montlis the price of pig iron
Middlesborough has risen
at
7s.
lOd. , or not far short of 20 per
cent.
Tlie weather has continued throughout the week unsatisfactory for harvest operations. During the first half- of it the
temperature was very low for the season of the year, and
were frequent and heavy.
There has been an
improvement since, and the signs seem to indicate more favorable conditions in the immediate future. There are complaints
from most districts of much damage having been done, and
the cutting of wheat is everywhere delayed. Still there is
exceedingly little activity in the wheat market. Prices are
firmer, but the changes are small, and millers and merchants
have no inclination to buy.
This, with the favorable reports of the mines and the
rise.
The rates for money have been as follows.
ease in the South African money market, has once more stimInterest allowed
ulated speculation. Business in the market is growing every
Open market rate*.
for deposits by
day, and there are the most confident predictions here that the
Trade BtUs.
Sills.
Bank
Ditc't Wse
advance in prices has only just begun.
Joint
In other departments the tone is firm, but the amount of
At 1 to 14
Four
Stock
Four
Six
Three
Sfl;
Three
1
Uttntht Months Months Months Months Months Banks. Call. Days.
business doing since Wednesday morning has been small. The
1
IMIM
1
market for American railroad securities on Monday and Tues- July 18 2V< IHim iM® - 3 a - m«2'^ 2 ®8>i2X@2«
1
1'4-lM
1
l» -iU, l«*- 1«® -.UHi - 2 ma 2 ma mi<>
day was so animated, and the number of transactions so large
1-L
1
2
H
im> -2H9- I«l2« (i2H'i'4!»3
86 8'-* 1«»
that it seemed as if operators in London had grown tired of Ang. 2
- 2«» -3 a - iHiS 2H»3 |3Ji • - 1
I^-IH
1
8Ki i^vi
"
IW l«-l«
IH
9 3 m» - 3 S - 3«» - 3 (83M 3 a3>«;3 aSH
waiting upon New York, and, contrary to all expectations,
" 18 3 2*; 9 - 3 a -ISK® -'3 ® -3X9 -'3J^3 ii4'm-i%
l«
were about to initiate a boom. Certainly the buying here and
U]X)n the Continent was very active, and there was a considerThe Bank rate of discount and open market rates at the chief.
able rise in most prices. But the activity ceased on WedContinental cities tiow and for the previous three weeks have
nesday as suddenly and unexp'-'ctedly as it had begun two
showers
\
••
•'
days previously. Since then there has been extreme quietness, but the oi)eratorB do not sell and quotations are weU
maintained. In some cases, indeed, there has been a further
rise.
The general pubhc here have all through done little, but
the larger operators and the members of the Stock Exchange
are strongly inclined to buy. They are, however, not sure of
their own ability to support the market, and they are apprehensive that if they bid largely there might be heavy selling
from the United States. Consequently they act only iu spurts
and pause to see what New York will do. British railway
stocks were likewise active at the beginning of the week, and
have shared in the dulness since. The market for interna.
tional securities is steady, and operators are expecting an early
and considerable increase of business; Every one is now convinced that the troubles in Crete wiU not be allowed to disturb
the peace prospect.
The imperial meetings ai-e strengthening
the general confidence, and it is predicted the Czar's return
visit to the Oerman Emperor will be the signal for a revival
of speculation on the Bourses of the Continent.
Tlje
chairmen of
the great railway companies at the
half-yearly general meetings which have just been held were
able to inform the shareholders that not only had the g(x)ds
traffic largely increased in the first half of the year, but that
tliere was a gratifying increase in the first-class passenger
traffic, and, with a few exceptions, in the second class also.
all
curious to ol>serve the infiuence of good or bad trade
upon the traveling even of the wealthiest classes.
Sir
Richard Motm, who presided at the meeting of the London &
Northwestern, the greatest of our companies, made some
interititing remarks.
Ue said that the company had benefitted
not only from the improvement in ti-ade. but al.so from the
It is
fact that the prices of material
during the first half of the
present year were the lowest they had ever kno>vn. AIre.ady,
however, a considerable rise has tiiken place, aud the contracts
of this one company for the coming year for coal alone
will
add to their f'xi«nditure alxnit £80,000. The rise in timber
aud Bessemer pig iron is alxiut 25 per cent. He added some
been as follows:
August
A itynst 9,
16.
August
July
8.
26.
Rates of
Interest at
Bank
Rate.
Open
Market
Sank
Open
Bank
Open
Bank
Rate.
Market
Rate.
Ma rket
Hate.
2
3
3
3
3
8
a
a
3
3
3
8
2M
Paris
Berlin
3
3
frankfort
Hamburg
3
8
2«
2X
2^
1«
3
a
3
3
Amsterdam
2«
2
iH
2>6
2W
Brussels
3
2«
4
S«
3«
8H
3M
3«
5«
3
Madrid
Vienna
a
4
8
3
St.
4
4
e
8
5Ji
PeterabuTR..
3
Copenhagen
m
4
i«
Open
Market
2«
2
2
2«
3
sw
an
3«
4
4
6
3
4
6
6
3
The following return shows the position of the Bank of
England, tho Bank rate of discount, the price of consols, &c.
compared with the last three years:
£
(^ernment
Coin and bullion
Prop, assets to liabilities
4aDit rate
Consols
Cleartng-House retnrn
20.482,310
11,8»3.885
20,943,495
37 3-16
The quotations
p. c
3 p. c.
98 1-18
18,8-*4.547j
1P.5«7,.>63"
18,990,383
12.346.5U1
11,147.510' ll,530,SSa
19,850,044
20,815,011' 21,779,070
S8M
3
p, 0.
41,'i.
3
44
j
p, c.
8«
p.
for bullion are reported as follows:
SILVER.
Ati^. 15.
S.
Bar gold. fine. ...01. 77 9
Bar gold, contaln'g
20 dwti silver. .OS. 77 10
8pan.doubloons.oz.
8 Am.doubloons.oi.
£
23,182,485
8,732,711
24,6a').05l| a3.7i7,5'17: 24,138.015
14,0f8.3;0_
I5,8ii7.3»0j 15, IKS, 124
154,309,000 143,087,000 181,242,000 188.182,000
GOLD.
London Standard,
JE
i!5,003.39,'>'
I7.5ft?,225
seonrltles
Other seonrltles
aeeerveof notes and coin
1S87.
£
25.034,155
3.1l4.7fSl
3,881,30H
25,251,010
3,617.573
28.16..501
Olronlatlon
Public deposits
Other deposits
1888.
(I.
Aug.
>.
77
8.
London Standard.
9
77 to
Auij. 15.' Aiig. 8.
d.
It.
d.
oz.
Bar silver
3ar silver, contain
Ing Ogra. gold.oz.
oz.
silver
Mexican dols....oz.
'""alee
42«
42 5-18
42«
42 U-lrt
455(,
I
45 9-16
1
AuaoST
THE CHRONICLK
31, 1889.J
Messrs. Pixley
&
Abell write as follows on the state of
liso in
Fronrh excliiinBC and
tlie
IJank rate
for (,'olit for the Coiitiiic, t,
rirwlvod nearly all arrlv.ile.
wUlidrawaU tSO.OO.i for
tho
Ricclpta liy Hank huvo
I.l-sbon.
T'liero han ariived from Australia .i;7,00ii; Natal, iill.OOli;
itS.OOO.
The shipmeiita
to:al
of
Chluu, i;2.>,"0i Chile i2.00l>. or a
liave been i;s6.02y, all to India
Silver.— An cxte: «i n cC Ihe Mint ord.^roau80d a firmer lone tor silvor
on th" lOth and on the 12 h the market fuitlior hardened to 42%d., ai
which a laiKe liusiness was doi e. After iho Iu<lla Council allotment
the nnirket bceiimi' eai-ler, and tile quotaiiou lo-diij is 426i,,(i. We have
receive d fr on New Y. rk £216.000; Chile, JS3l,00o. or a total of £250,000, and the shipnieiita have been J5172,6(J0 to [nJla.
Me.Kioan Dollars have b. en Inactive, and are nominal. There has
been e.\i)orted to Calna and the Straiia £140,992.
In cu IK) further lii(iulrlp»
KiiKlitiid lias ucronlinKly
lieen .K96,O0O luul
;
The following shows the imports of cereal products into the
United Kingdom during the first fifty weeks of the season
compared
witli previous seasons:
NEW
POKEIGN IMl'OKTS AT
For Week.
Gold.— Kolowliig on the
aud the Fauk of
261
tlie
bullion market:
hero the' o liHvo
\
.
1886.
Dry Goods
Total
Btnee Jan,
5,097,531
$3,283,274
5.743,774
$7,615,285
$9,027,048
t83.05P,708| $87,222,692
228,390,203 221.S>i2.140
1*90,087.719
210,:i93,112
$?,725,9.13
1.
Dry Goods
Qen'l mer'dlse..
Total
1889.
$2.44.%,940
5 169.3451
5,77»,2B2,
$8,555,320
,
1888.
$2,946,661
$2.8.57,789
Oen'l mer'dlse.
TOItK.
1887.
*78,07061.5
206,396,899
34 weeks. $2-<4,473,044 $311.448.911 $303.804.832 $331.380,831
The following is a statement of the exports (exclasive o'
from the port of New York to foreign ports for the
week ending August 27 and from January 1 to date:
EXPORTS FIIOM NKW yORK FOR TJIB WliEK.
specie)
1886.
1887.
For the week....
$0,556,509
Prev. reported..
197,42i',693
1888.
1
«6.598.P65
194,353,317
1889.
j
$5,232,212
»7,250,.'.68
ltf3,7Sa,-il}6
215,180,777
Total 34 weeke. $203,977,202 $200,952,282 $189,072,068 »222,481,316
1887-8.
Wheat
1888-9.
.owt. 57.543,179
47.991,701
Barley
18.443.604
18,8H0.9,'^3
Oata.
lti.376,812
17,476,749
2.'' 94.985
2,669,319
23,722.020
17,757,983
Peas
Beans
Indian corn....
Flour
2.251,824
3, 034.04.'.
31.4' 8.053
13.981,701
1886-7.
1885-6.
52.137,330
16,010,352
47,925,140
9.806.818
l:^,^02,945
10,153.87.1
2,483,478
2,481,195
30.001,544
16,201,573
2,049.607
•
The following
at the port of
since January
1888 and 1887:
2,975, '-:«
shows the exports and imports of specie
for the week ending August 24 and
1889, and for the corresponding periods in
table
New York
1,
EXPORTS AND IMPORTS OF SPECIE AT
30,414,150
13,872,944
NEW
YORK.
Imports.
Export!.
Bold.
Supplies of wheat available for consumption (exclusive of
stocks on September
1):
Great Britain
1886-7.
1887-8.
47.991,701
17.757.983
1888-9.
1885-6.
47,'>25.140
Import80fwheat.cwt. 57,543,179
13,981,701
Imports of Hour
Bales of home-grown. 35,42 1,5'29 37,076,659
52,137,330
16.204,573 13.872.944
31,197,247 40,620,617
106,946,409 102,826,343
99,539,150 102,418,701
:
Since Jan.l.
Week.
$12,349,044
27,718.805
4,473
4,232.390
30,300
1,846.642
76,200
»
Germany..... ........
West Indies..
Mexico
South America
All other countries.
.
Total
1887-8.
1888-9.
Aver, price wheat
Aver, price wheat
week. 30s. lid.
season. 30a.
9d.
348.
30s.
6d.
7d.
This week
Wheat
qrs. 1.666,000
Flour, equal to qra
208.000
Maize
urs.
581.000
Last week.
1,738,500
2 10,000
503,500
1885-6.
61.
1886-7.
339. 3d.
33s. Id.
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
32s.
152,000
389,000
9d.
3'Js.
flour
1888.
1,756.000
Total 1889
Total 1888
Total 1887
1,961,000
122.100
285,000
Great Britain
Prance
...
London.
Consols, new
do
for
2%
d.
perots.
(in Paris) fr.
V. 8. 4138 of 1891
D. 8. 4s of 1907
98.f,g
98.S|g
98 "4
98 U
?5-90
85-75
109
131
63 "4
131
Canadian PaciHc
&
Mon.
42^8
1(J9
account
FVoh rentes
8ai.
425,8
6J34
Paul.... '!!'«
Erie common stock
28
Illinois Central
119
Chic. Mil.
St.
Pennsylvania
537,1
Philadelphia & Reading. 2241
New York Central
109>4
National Banks.
—The
727b
28I4
II914
5 I la
2258
109 »8
Fuet.
Wed.
Thurs.
Fri.
4213
421?
4213
*27,8
98ie
9710,6 9713i8 97i',e
971B,8 971.-N, 9878
9818
85-72 la 85-5712 85-42ia 85-42 1»
108
13034
109
131
6338
73 7^
28'8
63^
II9I11
119i«
54 la
2314
54 19
23 18
109 >3
following
74
29 >4
110
National
108
130 «l
63^
7379
•ZS\
ll»l4
54=8
23
110
108
1303i
6378
74 1«
2878
1191a
54^
23
109?i
Banks have
recently been organized:
4,094-TheNation,ai Bankof
AslievillP, N. C. Caplt«l, $100,000. D. C.
Waddell, President; Lawrence PuUiam, C.ishier.
4,095-The First National B.ank of Stephenyille. Texas. Capital,
$50,000. C. J. 8hapard, Presid-ut; II. -M. McKuight, C.ishier.
4,096— The National Bank of C ilifornia at Los Angeles. Cal. Capital,
$250,<i00. John M. C. Marble, President; W. G. Hughes,
Casliicr.
4,097— The First Nationnl Bank of GateivillH. Teicaa. Capital $50,000.
Sonmel J. Mings, Pri sidcut; Alfred R. Williams. Cashier.
4.098— The l''iwt Naiiousl Bank of BjotdUle, Pa. Capital $50,000. A.
L. Keiater, President;
4,099—The
,
Cashier.
Fir-t National Dank of What'Oui, Wash. Tor.
$50,'iOO.
P.es dent; C. M. Atkins, Cashier.
Capital,
1.
.$330,500 $12,217,054
8.727
546,317
$22,846
29.113
1,024 231
$4,660,040
4,587,858
10,342,789
Week.
Sitice
Jan.l,
$87,598
598
$9,733
163.300
1.075
137,201
5,000
...
West Indies
Mexico
South America
973
106,157
45,7.52
146>40
180,751
"2,424
41,564
679,451
$335,500 $12,839,421
14S,407
7.660,575
$10,692
44.200
30,199
1.251.364
1,417,581
other oountrlea...
Total 1889
Total 1888
Total 1887
are
per oz
isii'a'i
""915
Imports.
{Knee Jon.
Germany
All
The daily closing quotations for securities, &c., at London
reported by cable as follows for the week ending
August 30:
$380,634
1,461,804
1,849,352
264,196
42,295
115.442
Silver.
Week.
1887.
Since Jan.
$73
Exports.
and
Eusllsta Financial Marltets— Per Cable.
Silver,
$46,257,854
$29".554 18,739.012
27.883
6,226,164
Week.
7,244,568
485,.501
$962,093
Of the above imports for the week in 1839 $11,359 were
American gold coin and $2,932 American silver coin.
Auburn & Western. — This
railroad was sold at
foreclosure of the mortgage
There
bonds, amounting to §400,000.
was an issue of second mortgage bonds amounting to
These latter are
$498,000 and $975,800 of common stock.
Understood to be extinguished by the sale. The Lehigh Valley
Koad held $95,000, and was represented in the bidding. The
road was knocked down to E. M. Barnes and others, of New
York City, for §167,000.
Itlia^a
Ithaca August 23
securing tlie first
upon a
Kansas City Wyandotte & Northwestern— Kansas City &
The contract has been let for budding the extenice.
sion of the Kansas City Wyandotte & Northwestern Road from
Suoimerfield, Kan., to Virginia, Neb., on the Chicago Rock
Island & Pacific, 14 miles east of Beatrice. Trains will run
from Virginia to Beatrice over the Chicago Rock Island &
Pacific tracks. The town of Beatrice has voted $50,000 in aid
of the extension. The New York Security & Trust Company
is trustee for a mortgage for $400,000.
—
Beat'
—
Investors are invited to notice the advertisement of St.
Paul City Railway securities in our columns to-day. The securities are offered by Messrs. John H. DhvIs & Co.
Messrs. Harriman & Co. give notice in our columns of a
selected list of investment securities, prepared with care for
investment buyers.
—
—
United States Sub-Treasury. The following table shows
the re;;eipt3 and payments at the Sub-Treasury in tliis city, as
well ai the balances in the same, for each day of the week.
,
4,100— The
Flr.1t
Edward
Natio al Bank of Somers t. P.i. Cipital $30,000.
SeuP, President; Andrew Parker. Cashier.
Balances.
Date.
I
Receipts.
I
Payments.
Coin.
[Coin Cert's
Currency.
Imports and E.kport.? fqr the Week.— The imparts of
S
$
$
$
2,183,2301154,662,857 21.267.692 21,026,800
Aug. 24
2.178.225;
last week, compared with those of the preceding week, show
26!
2,860.4 »6l
2,824.431 154.' 91.052 21,366 617 20,933,064
•'
an increase in dry goods and a decrease in general merchandise.
2.80:^.6.!5
2,622,^47 154,906.278 21,3i-.',521 20,93.1.943
27
" i8
19.17.%,-i72 20.987,584
5. 127.8S4 155.103,904
3,510.903
The total imports were §9,037,048, against .$11,093,073 the
" 29
7,90''.4'i(l l.=!.'i.292,74u
13,50:*,900 21,09 <.027
2,528,166;
" 30
8,700,795 21,089,325
2,01 0,043
7,464,917; 155,244, 67i
preceding week and $9,461,863 two weeks previous. The
exports for the week ended August 27 amounted
to Total
l(',506,(IO8l 28,428,169
$7,3.50,.568, again.st
$6,!5.38,963
Last
week and $6,077,02.5
Auctiou Sales. The following were recently sold at auction
two weeks previous.
Tlie following are the imports at
by Messrs. Adrian H. MuUer & Son
New York for the week ending (for di-y goods) August
fhares.
Shares.
1,000 Central American Ro160
1,000 BrooklvnCityRR
22 and for the week ending (for general
merchaudi.se) 408
5e. per all.
diiction
Co
Florida k'way ANav.Co.,
prof
$1 per sb. 1,000 MonS'.'rrat Mining Co..
August 23;. also, totals since the beginning of the first week
I
'•
1
—
:
I
in January.
608 Florida
com
R'vv.ay
ANav.Co.,
25c. i>ersh.
—
5c.
per sh.
—
:
.
:
THE CHRONICLE.
262
1^; reichsmarks, 941^^94^^ and 95^9518; guilders,
40(9401^ and iKlli(a>mi.
The following were the rates of domestic exchange on NewYork at the under-mentioned cities to-day: Savannah, buying
discount (ab par; Charleston, buying
discount, selling
par, selling par @i^ premium; New Orleans, c(mimercial, par;
bank, §1 premium; St. Louis, 50c. discount; Chicago, 2.5c. discount.
Col ns.—The following are quotations in gold for various coins
$4 SS »$* 88 iFine silver bars.. — fl2'H9 — DS^-j
SoverclKtifl
—QZhw — 96
Napoloous
3 (-8 ® 3 92 Five f raucs
-•
- X
Mexican dollars —7.! » — 73%
X
Koiclimarks. 4 74 ® 4 78
'» 4 S."!
Do uucommorc'l — 72'«ai
4 8
25 Posetan
—72 ®
73
®15 70 Puruvian sols
S|>aii. Doul>loons.l5 55
Mex. Doubloons 15 55 ®15 65 KiiRllsli silver... 4 S5 -a 4 90
par ®>l!>reni. U. 8. trade dollars — 72 Nominal.
Fini' Kold bars
United States Bomls. The sales of Government bonds at
the Stock Exchange continue on a very limited scale and the
market is uachan'je J. Although the Secretary of the Treasury
has not raised his limit of price, the offerings this week have
been very large and every otfer within the limits has been
taken, the purchaws foot up Sf^.OjT.loJ, mostly 4?.
The statement for this weak is as follow.4:
^
j;hc ganlicrs' (Saxctte.
DIVIDBNDSi
The
fttllowJnjt
jr«nM« of
1X>1.
2
a
A- A!!'.«!iv i.ii"ir-l
Ultle Mil
Mi-'
All
:
{Day inclutivt.)
30 Sept.
Sept.
Bept.
1
-
toto-
ISept, 1 to 6ppt.
1% Sept 16 XvfU. 29
to Bept.
30, 1SS9.-5 I*. M.
Financial Situation.— Tlicre
owing mamly to
has lx>on les.s fei\r of ti^lit money thU week,
tlie Treasury.
the law amount of lionds oflfered to and taken by
must
The 4' ; IHT cont^ mature in two years and the holdersat par,
paj-ment
then lose the pr.'uiium now ruling and receive
gradually realize
so that it set^ina probable that holders will
for
thU fact and offer ttiuir bonds more freely ; the situation
W \l.b KTKKKT,
Market
The Money
.
—
i
guar.).
(
Payablt.
H
1
»«.
'
Book$ aloud,
When
Ptr
Cent.
Railrnada.
BiM>tnu
%
dIvMenda 1i»t* teeently been announced
Company.
[Vol. XLIX.
FRIDAY. Abk.
.
nnd
Government strengthens daily in this respect, and
premium in the open market must decline as time goes
On Uie other side the Bank of England rate has been
tlie
. .
—
tiio
4K Per
on.
ad-
4 P<r Oenti due 1907.
Pent* due 1891.
Offt/rmgH. Piircti'M.'Pricet paid.
which SatoMay ...
vanced to 4 T)er cent as a precautionary measure,
The prospects Monday
is a high rate for the London market.
of Toeeday....
kinds
all
are good at present for a free export movement in
too high to Wedn'sday.
srain, and in cotton, too, if the price is not made
of wheat are Thursday...
miit the views of foreign buyers. The exports
by Friday
already reacliiiig a very satisfactory volume, stimulated
of a
Total.
the moderate prices now current here and by the prospect
.
smaller aggregate yield this year in Europe.
The Stock Exchange has again been the centre of attraction,
owing to the activitv in the Villard stocks and their sharp advance under large purchases. The new deal is a large transaction, attended with much interest, and if the finances
all
of the Northern Pacific are put in such shane that
surplus over strict operating expenses and charges can
The
tll2,S00
1100,000
67,800
67.A0O
1.012,500
1,012,500
10,000
6,003
1.808.81)0
I.IR^.WO
108J4
OJerlnfl*. Purch'M.
$453.35o'
$155,350
1.15ll..^50|
1.456 .550
128
123
123
123
128
12S
5.385,000 5,3U.),')00
3,f3^10r)| 3,sai,ioo
ICOJi
10CJ«
2,131.9501 2,l;J1.650
1,B13.200
lOflT*
Prices paid.
.
1,112,800
U,8-<6 850 14,871,8501
closing prices at the N. Y. Board have been as follows
Interest]
Auq.
24.
4>a8,
4 'as,
4»,
1891
1891
-Mcb.
reg.
coup
*105!'t
*105%
J.-Mch. nofi'a'ioe'e
reg. Q.-.laD.*l28
1907..
-
Jan
.
*123
,T.
127
1
4
„
operations.- .
the .same season in which they are made, and one must look to
the future to see the staying {xjwers of any particlar corporation in its earning capacity.
The open market rates for call loans during the week on
«tock and bond collaterals have ranged from 2 to 6 per cent,
and to-day the rates were 2@3 per cent. Prime commercial
patier is quoted at 4''4(a5i.^ per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £206,000, and the percentage of reserve to
liabilities was 40-72, against 41-71 last week; the discount rate
was advanced from 3 to 4 per cent. The Bank of France gained
4.225,000 francs in gold and lost 13,000 f i-ancs in silver.
The New York Clearing House V>anks in their statement of
August 24 showed a decrease in surplus reserve of $1,286,525,
the total surplus being $2,066,000, against $3,352,525 the pre-
6s, our'cy,'98
Gs, eur'cy,'99
This
ffm
1888.
1887.
Aug. 25.
Aug. 27.
I/oans
aud
60,762,700
49,066,600
Ims.ooO Dec.3,49:. 100, 388,749,600 348.435,000
87.2'il.900, 68,693.300
iJ?.li.i.-...'-i'J0 D(<c.2,410,900
:i.K70,200Dei'.
7,8U>,200|
8.073.800
3,500;
I42i.794,000 Dec.7,.'>29,.500 412,503,500 315.482,700
40,i.'>9,000Dec. 752,000| 36,912, 100| 22.543,100
105.698.500 Dec.l, 882,373 103,140,875 86.370,675
107.704,500 Dec.3,168,900 121,14-1,300 91,236,400
60.7tJ2,700
..l.iiSO.lOO
disc'ts.
Specie
1 1 .'.
i
•Cfrciilatiou
Ket deposit.^
I/Cgal tenders
Surplus reserve
2.066,000 Dec. 1 ,286,525
21,003,4251
4,865,725
Exchanjre.—The sterling exchange market has been watched
with a good deal of interest this week, in view of pos-'ible imports of gold should money get higher here and exchange decline to tlie |x>int where impoi-ts would be possible. The market has been verv irregular; there was a sharp decline of Ic. in
posted rates early in the week in consequence of the large
offerings of bankers' bills to enable them to loan the proceeds
in the market here, whore money was ruling at 5 to 6 per cent;
then rati's ;.'i;i.lually worked up again, in consequence of
higher money in London and the advance in the Bank rate to
4 per cent. Posted rates to-day are 4 841^ and 4 88'^. Commercial bills have been rather scarce and the demand from remitters limitcil.
The rates of leading bankers are as follows:
Augutl 30.
«'
stiTling bills
.Clill
iioiumnclal
-'illders)
1
'reincn (rclchmnrks)
,
Demand
Sixty Dayi.
on London.
4 8412
i 88>3
,4 82I934 823t
'4 82ia»4 82i^l
|6 21 1495 2()''8 5 18^*5 18i«
40i4«40.,«
40i,,*40>s
gigs^OlIt
95'a d'95>4
I
I
:
no saU was made.
Judge Cooley's decision, and to an aliatement of the
Rates on call have
anxiety in regard to money stringency.
not gone higher than 6 per cent and hjive ruled lower than
that since the large purchases of bonds by the Treasury Department, wl-.ich have done a good deal toward relieving the
apprehension.
,.t
^i
The gieat feature of the week has been the rise in the Northof
operations
the
be
due
t«
said
to
ern Pacifies and Oregons,
a pool headed bv Mr. Villard, and the anticipation of dividends
on Northern Pacific preferred. The transactions in the latter
have been large, and the price has advanced over 7 per cent since
Atchison has come into some prominence again
last Friday.
and has ruled quite sti-ong since it was announced that President Strong would retire and Mr. Allen Manvel, First VicePresident and General Manager of the Manitoba, would take his
This fact, and the increase in the earnings for the third
place.
week of August, started the improvement; on Thursday there
was also a rumor that Messrs. Gould and Huntington would
go into the directory and eventually get control, but this was
merely a street rumor, afterward denied, and only worth repeating as one of the influences of the hour. Missouri Pacific
inilso advanced on this and on the announcement of an
j-rease in salaries of employes to the extent of the reduction
made some months ago. Mr. Gould himself is also supiwsed
to be very bullish in sentiment, as he always is until a good
chance comss to unload.
The coal stocks have all been higher, Delaware & Hudson
goin» even above its prn-ious higli record, but selling exdividend in the latter p.irt of the week. Tlio coal managers
made no advance but agreed to restrict the September output
The grangers have been strong, with no
to 8,000,000 tons.
special feature. Chicago has supported this market somewhat
and is rather bullish on stocks, owing to the large crops, which
was
are depressing the prices for grain. C. C. C. & St. L.
strong at first, but latterly has been rather heavy, with less
support.
..
the
To-day, Friday, the tone was very strong until late
reached
points
best
the
off
from
were
trifle
a
prices
wlien
day,
.
j
J>gal reserve
Beserve held
*130
morning board
since
$
Capital
Surplus
J.
tlie
ment
:
Fret. Week.
&
&
Railroad and Miscellaneous Stocks.—The upward move
in the stock market, which received a set-back last
week, has been resumed this week and quite a strong tone has
prevailed throughout. The improvement has been general
The advance is due priand extended to nearly all the list.
marily to a renewal of confidence in the raiboad situation
The following table shows the changes from the previous
•week and a compai-ison with the two preceding years in the
averages of the New York Clearing House banks
tHffr'nt^i
reg. J.
reg. J.
the price bid at
State and Railroad Bonds.— State bonds have been somewhat more active, the sales including Virginia 63 deferred,
trust receipts, at 8; Tennessee settlement 5s at 102; do. 6s at
103; do. 6s old and new at 67J^; Louisiana consol. 43 at 90;
North Carolina special tax at 7)^; Arkansas 6s, funded, at 13.
In railroad bonds there was not much business done early
in the week, and the market was irregular, with no important
changes. On Wednesday, however, there was an improvement in the volume of transactions and the market became
quite strong, in sympathy with the improved tone of the stock
market. Nearly all classes improved a little, though there
have not been any changes of much importance.
viouB week.
1889.
Avg. 24.
Is
|
To-day the rates on actual business were as follows, viz.
Bankers' 60 days' sterling, 4 83)^ ai 84; demand, 4 87^'*
Cables, 4 88 d 4 88!^. Commercial bills were 4 82%^(a
4 •»><.
4 h;.'. Continental bills were: Francs, C 21i4^(a;5 20?^ and
:
.
'
.
,
m
.
i
1
.
I
Adoust
THE CHRONICLE.
si, 1889.]
STOCKS-PKICES AT
263
STOCK EXCHANGE FOR WEEK ENDING AUG.
N. Y.
AND SINCE
30,
HIGHEST AND LOWEST PRICES
'
STOCKS.
AetlTe Kit. Sloi-ko.
AtPlilson Top. & Sautii Fo
. .
Allniuiv
.
Saturday,
Monday.
Auji. 21.
Aug. 20.
35»8
35%
37%; 37>s 88ie
5i.jl
'Sig
«
61
6158
0216 6212
'e 61 '8
•5214 .')3'4
5278 53
53 '4
53
113 11558 115 11538 U5>4ll0i2
34 la 34I2 34
34
23 '2 244
2414 24% "2vi "25
63% 05I3 65% 6018 65«8 66%'
4li2
3913 40^
40% 41% 41
103 >4 104% IO418 10478 I047g 10.JI3
44 12 45
4612 47
401a 4'i78
100% 101% 101% 102% 101% 102 14
7II2 72%
7013 71%| 71% 7218
113 113
1131a II312
109^8 110% lloia lilSs 111% Ill's
'143
144
'I4312 143%
43% 143%
97I3 98%
9858 9973
995s IOOI4'
*12
*12
10
16
*l*2
10
*34
*34
37
36
36
37
33I2
33
33'8 337^! 34
84
98 14 98I4 9812 98 lu! *98i2 991a'
74 13 70 "4 76
70V 7412 76%l
IOOI4 100% 101
101
10078 l«l "4
*14>3 I5I2 *14l3 15I3 * 1419 15
145 14018 145^8 140% 146% 1471a
36
I'iiCilic
.\:
Ciiu.'idia n Pucitic
«5a
Cnuiulii Sunt liorn
Ceiilial of Ni'w Jersey
Ceutral I'atiilc
Cliesiiiicuke&O.— Vot.Tr.cert,
do
do
I)o
Do
23
Do
Chieaijo
103
I0314
'-L-i-'s
70I3
'110
Ijrot.
& Northwestern
prof.
Cliicaiaro Rock I»l,and & Pacillc.
112
Cliicneo
lOil'2 lOU-^i
1)0
143 'a 143 Hi
97 >8 97^4
*12
18
*35
37
Pittsburg.
prut.
& Oin...
pref.
Do
Cleve. Cincin. Chic. & Sf. L..
pret.
Do
Coluuibu.s Hocking Val. &T0I.
Do
CMca^'o
St.
Ai
7412
100 100
14l2 1512!
Do
Do
2II4
2d
21% 21%
2II4
*9l2
10
73
*2ll3 22 >«
".-'5
90
'Oh,
*70
Istprcf.
pref.
& Terra Haute
Green Bay Winona & St. Paul.
Kvansville
*4"4
'114
Central
Lake Erie & Western
Illiniiis
*70
*21
95
4I2
412
I914
<fc
t
Missouri
Kansas&Texas
M issouri
I'aeillc
*lll2
Ohio
Nashv.Chattanooga& St. Louis
New York
Kew Yoric
Do
Central
Chie.
'4938 '495^'
Do
32
32
pret
Borne Watertown it Ogdeusb'g
Bt. Louis & San Francisco
&
Paul Jlinnap.
i
!
11578
1
34%
I
2413
I
.
I
53
53
I
24I2'
0013!
J
IO5I2
<
40
102
2
!
72I3!
,11578'
I
lll%!
:
143%
!
IOOI4;
'
!
(
1
1
10
37 la'
34%!
!
'
22 13
10
I
St.
Louis
A:
ITIi»<-ellaiiooiiw
31%
6914
58I3
•26
8OI2
"stji-j
Navigation Co.
Paeifle Mail
Pullman Palace Car Co
Western Union Telegraph
'178
83I3
j
Stocl&M.
'147
17
3178
69I2
United States
Weils, Fargo & Co
Iiiaotivc Stoi-ka.
American Tel. & Cable Co
Cincinnati Wash. & Bait
Do
do
pref..
83%
Ho
_
Trii«t StoekH,
Sugar Heflneries Co
National Lead Trust
American Cotton on Trust.
31''e
BO'S'
100
.1
22^8
49^8
Siuithern Cotton Oil Co
*70
Distillers' & Cattle F. Trust..! '44
American CattleTru.st
*10
Pipe Line (crtlttcatesH
9K%
'•
|
I
These arc prices bid and asked
;
50% "51%:
I7I3 17%
8%
Sifl
32 la 321a •32 14
51%
17%
-527„
3114
.531a
70
72%
33%t
32
72 12 74 12
2278
49
22 'r
49
2234
4934
33%
345s
34%
34
23
45 13
23
80
100
33
I
3I14;
7018'
2278,
16%
53% 53%
32%
8I2
8%1
33
16%!
lOV
53 '4
3178
3278J
501a'
3513;
•21
23
23
45 ^ 445a 45I9'
23'8
23
2313I
791s 80 la
•98" "99%'
•98% 100
27 19 27 18
•26 ia 27I2
20% 26% •26
.59ifl
59 13 59
59% 59% 59I3
59
'109 111
109 110
109 109
II014]
•30
•30
•28
•28
33
32
33
•8219 88
•82 13 87
•82 Is 87
•8212
IO2I2 103 la 104 :04ia 104 100
105%
la
2078
2078
20-%
21
2034,
20
207fi
02 14 03
0213 6314I 0278
62% 63
17 14 17"4
17
17% I714 I7I4 •17
32 13 3279; 32 18
32 13 3278 321a 33
•201a
45
23
70%
7II4
70-58
71%
5958
59%
3958 60i«
2758 27%
59I2
27=8
S714
5979'
27
87I3
152
152
l.=)2l4
5
150
II8I2 116
90
91
140
142
151
^*147
•116
91
138
2734
60 14
28 14
8714'
87%
'149%150i4
54
53
I
!
I
I49I2
541a
•
101
!
148
116
90
•89
139
^148
^116
151
118%
91
141
90%
i
30'2
2418
3913
-90
IO8I2 109
23'8
23%
.5014
50'4
72'2 -70
47
I
•250
•10
253
11
•37I2
39
47
5%
44
17
1014
9H.%il
907fl
251
25.3
11
44I3
40
45 13
51a
OI4
;
:,
9078
'"
3214
32'-,
100
11
11
40
47
32 19
30%
25
253
It's 12
•37
40
43% 43%
e-'se
'6
32%
33
30%
3034
25%
7%
33% 34
30% 3078
25
23%
4114 41%:
41% 4214
97% 99
39
40
7
7
3334
3059
,
2314
26''«
41
41%
'8
1
1
1
10 109 Jan.
205 73% Jan.
37 134 Jau.
146
%
Apr.
Apr.
,
Aug. 2&
Jan. 16
Jan. 30
Mar.
Feb. 7
Feb. 11
June
(J
Feb.
4
120 14 June
6-
93% June 5
June 1»
89% June 7
July 13
3% June
1
10% Mar.
734 Aug.
711
29
979 18% July 18
14 Mar.
30 241% Jan. 7 205 June
21'
Feb.
13
5 June
1,300
47 May
200 30 Jan.
Feb.
50%
800 44 Apr.
1014 Jan.
379 June
1,400;
3479 June
2,^00 21% Apr.
32 June
900 21 Jan.
2078 Aug.
11,785, 21% July
42 '4 Mar.
15,737 31 Jau.
Feb.
4
105
Jan.
1,250 93
12%
12
39
130 Jlar. 18 I.3214
42 14 Apr. 5 72 13
75 .'ipr. 10 1(17%
85 Apr. 23 102
31% July 9 40
171 Mar. 19 205%
83 Jau. 2 88%
80% Jan.
June 7
36% Feb. 11
92% May 28
2 153
1781
100;
400l
.!53
*45
62
Jan.
Apr.
144% Jan.
5
14'J
250
25S
151
•37
*45
6%
30 13 30%
23%
25
40 14 41I2
97%
97
3013
3318
4013
;
80% Jan.
I
85
'
21
1!
i!
151
118
"""
'139
I
la
ISOia
!
34
i|
I,
34%
1
i'
i,
92
150
116
140
71
88
31% 32 'a
|
108
I
I
28%
2818 281a
6758 6779
5058
171a 1713
'.I
39'a'
'96
(Unlisted.)
,
•87% 89
•87% 89
87% 87% 87i« 89
•I's
1% 1%
1% •119 1% •ll8 1% 1% 1%
•2
2-'>8
2 '4
•214
219
214
214
214
2%
21s
8I3
878
8% 8%
H7r
9
9
8% 8%
81a
21I4
•21
23
2334 23%
24
23
22
211a 22
1
pref...l
&c.
I7I2
08
40
]
02 U'
•148
;
*39
1
;
V
97
107 14
6OI4
534
I
1
1
171a
•52
54
•91
95
94
98I4 981a
9812
33% 3378 337s 34% 3419 3478
I79I2 179% 179
179% 179%,
181
84I2 8478
81
84% 847g
841a,
151
119
3112
BO'S
J
71 1»
'44
M
»7ifl
I
74I3'
12»al
5314
27 13 27
87I3
86% 88
l.iO
151 13 151
•52
•51
54
•90
•91
93
9713
98
98
St.
St.
N.
!
70%
9
Do
pret
•21
22
New York New Hav. & Hart. 248 253 '248
Ohio Indiana A- Western
lOis 10 la •10
Pltt.sburg ct Western, pref
•37
40
39
Wisconsin Central Co
Tennessee Coal & Iron
i
131a
70%
27 13
*8i4
Louis Alton cfcTcrre Haute.
Lonls Ark. Ai Te.xas
Southern Pacillc Co
12
12
73
6978
88
Iowa Central
L14
I718
3278
58%
180
1
17
32
28
150
51
88%
93I2
113
2012
5878
8OI2
1
I
20I3
61 14
151
116
I'lie
119
9016 90%
9014 91
'138
142
110 140
American
Ann Arbor &
581a
43
98
3078
22 14
80
111
32
*S2ia 87
101% 102
7059
I
53 14
3358
•21
4458
22I2
7912
1
16%
48% 48%
22
I
'16'4
2278
3378
I
15% 15%
69%
100
•
•90
94
•97
981.J
3313 331-2
pref.
KxpresH
Adams
53
79
1
SloekK.
j
&
61
•I6I4
Chicago Gas Trust
Colorado Coal <t Iron
Consojidated (ias Co
Delaware A: Hudson Canal...
Oregon Improvement Co
Oregon E'y
20
pref.
Do
52 13
)
i
5m
33
1
19I4
0413
!l04
94
•66% 68
•36
40
812I
*32i4
10%
•28
Pacific...
Do
33
I
89I4
9113
*«%
414
117
43
98
*16ia
t
221a
90
106% 107
1734I
•8I4
74
10356 10418;
•92
94
70"4 706s
Feb. 20
Feb. 27
I
1
I
3012 Jan. 21'
92% Mar. 10
(i9i2 Aug.
9
4278 Aug. 9
Mar. 2ii 111 la Jan. 15
Mar. 20 49 14 Aug. 12
Jan. 9 107% Aug. 13
,Mar. 10 7514 June 6
Feb. 25 117
May 24
Mar. 27 114 June 7
Mar. 29 144 Ang. 21
Mar. 20-101 14 May 27
Jan. 15 19% Feb. 6
Jan. 21 42% Feb. 6
900 3013 Mar. 18 37 May 23
1,027 89 Feb. 13 10014 May 27
30,427 5812 July 13 77% Aug. 2<y
3,010 00 July 12 I0312 Aug. 13
700 11 July 22 2814 Feb. 7
60,565 13459 Apr. 3 148% .Tune 19
I512 Mar. 1H| 18 Juno 7
42i4Jan.
50 Juno 13
1,125 15 Jan.
2559 May 28
II Juno 1
SUJan.
"126 63 Jan.
7614 June 1
750 20 Apr.
2314 June 14
200 80 Jan.
97 Mar. 4
2'''8 Aug.
900
7% Feb. 8
70 106 Feb. 13 118 Aug. »
2,247 16 Jan. 261 20% Ang. !>•
9,150 31%.Tan. 4 05 12 Aug. 12
15.942 9934 Mar. 18 107 13 June 13
29 90% Jan. 14 96 V Mar. 4
33,211 56i4Jan. 4 72 14 June 13
37i4.Lan. 7 4912 Mar. 8
90 Jan. 3,1091a Mar. 4
8412 Jlar. 16 92% June 13
51i2Jan. 7' 93 May 27
OliaJan. 7 11779 May 23
10 June 10 14 Jan. 14
6413 .^lar. 29; 77 June (>
.Ian. 111 13
July 1
8
8178 Jan. 12 99 June 12
10478 July 27 1 IOI2 Feb. 3
1958 Feb. 4
loVJuly
77 Feb. 4
07 Julv
34i2July
44% Feb. 2
30 12 Feb. 18
25% July
71% Apr. 26
01 Jan.
53 19 June 254118 Apr.
14i2Jan.
19% Feb. 7
9I3 Feb. 12
7 la Apr.
3514 June 12
3034 Mar.
18 Feb. 1
UUJuiy
54% Aug. 14
47% -Mar.
3478 Aug. 30
25 Jan.
5313 Mar.
75 Aug. 30
1934 Mar.
24 Feb. 11
39 Apr.
38 Mar. 6
28% July 18 I 6418 May 17
sii4Feb. 13
20 July
42 14 July 30; .50 Jan. 1!^
lOiaJuly 18 27% Feb. 13
76 Jan. 26 81% June 7
93 Jan. 3 104% June 15
250 19 Apr. 1 30 June 13
2,713 53 iMar. 19| 6678 Jan. 2
175 104 Mar. 18 114% Jan. 12
21% July 171 40% Jan. 14
81% Aug. 31 95% Jan. 18
5,435 92 Apr. 17 100% Aug. 30
Jan. 14
4.740; 17% Mar. 18, 23
31,098 56% July 8! 67 14 Mar. 4
Ang. 12
1 8
1,250 12% .Ian.
33% Aug. 13
16,185 24 Jan.
7178 Aug. lO
2,515j 59% Jau.
15
147%
i
18S9.
Jan. 2
8% Jan. 14
6278 Aug. 2i>
50% Feb. 14
nt>ia Aug. 28
3034 Jan. 1«
20% Aug. 9
3I3 Atig. 27
47 la Mar. 10
3,770 561a
8,810 291a
38,247 8979
1,945 40 1«
40 la
5,355 9413
1021a
7313 148,574 6078
11578
3,399 97
29,821 I0212
210 135
43,690 89I3
14
"i'oo 33
40%
10578
9913'
75=8;
lOlSs'
1
!
1,
Highest.
260 33 Mar. 29
9,015 15i9Mar. 2
66
40%l
1
414
'40
•97
2818
17%
I714
8 la
•32
•1534
2173
*82i2 87
Manitoba. 'IOII2 102
Wheeling & Lalce Erie. pref..
Tnl.
I
35
19% 19ifl
t64% 65
13ia
•9619
50%
U09
1978
41
95% 97
67
07
50 14 5058
27% 27%
61
70%
41
•00% 08
•36
40
43% 45
-30
&
701m
2778
•5713
Pacillc
Paeitlc
i
2-78
*21
21131
pref
&
6.JI4
27^8
44 ig
21% 22
4I4
115% 116
197.5'
8914
88%, 8914 8914
•91
94
94
911a
'110
113
111
114
I3I4
I2I2 I212
12
72
7134 72 13
72
21 13
4313
1st pref.i
St.
9714'
33%
1
Dulnth
Paul
42
50
33%l
pref.
St.
7OI2
33
68 %
79
100
19 13
0458
93
221a
79
I
410!
110
103% 104
10313
0913
68
22 12 23
•2134
•45
Phila.i: llc-ad. Vot. Tnisf. Cert.
BichniondA:\V est P't Terminali
Do
pref.i
64581
'91
90
•4 14
115
I9I2
30% 31
0759
22
*94
4I2
30%
30
pref
I
30
8I4
Ohio it M ississinid
Oregon i>h<irt Line
Oregon it Trans-Continental..
Peiiria Dceatur A Kvaiis\'ille.
Wabash
7501
4,130
1,000
10,640
11618
22
10
73
22 H
96
•91a
72I3I •70
2214!
2218
08
30
4958
I714
Western
Do
Union
27^
27
prof.
Do
100
•66
Northern Pacific
Te.xas
6I2
6278
:
188«.
3479 July 25' 58
578
0278
I
22
2178
9I3 10
*70
1314 I314 •13
14
*90
-97
9S
98
IOOI4 IO6I4 1061a 107
17
•16% 18
17
Louis...
1st prcf.
2d pref.
New Y'ork Lake Erie ic West'n
pref.
Do
New Y'ork & New Enelaud....
New York Ontario * West
New Y'ork Susquehan. & West.
Do
Do
70 14
13
13
Hudson. 106
A:
&, St.
Do
&
"1214
I214
69 13 70
<fe
2178
10
73
23
95
11513 11038
116
pref
6212 6314I 03 '4
Do
Lake Shore & Mich. Southerif. 102=8 102^8 103
91
92 14
Long Island
94
09 14
Nashville
Ix)ulsvillc
09
'37
Louis. Now Alli. & Chicago ... *38
42
97I4
Manhattan Elevated, consol..
88I2
Michiiran Central
88
*8.S
'90
WHwauicec Lake Sh. & West.. 91
94
pret.
Do
no 114
Do
•10% 135,750
3918
1,
Lowest
iSbares.
pret.
Deny. Tex. «k Ft. W., Vot. cert.
East Tennessee Va. & Ga
Norfolk
Week,
I
I
Delaware Lackawanna JcWest 14458 145^8
Denver & Rio G., a.sbOssm' t pd.
Mobile
Friday,
Aug. 30.
I
"
I
Paul Mln
Do
I
I
101
prcf...
ClilcaKoSt. Louis
30^8
5 la
j
23 »4
Milwaukee & St. Paul.
Do
3458
'39
CbicaKoBnrlimrtoii & liuiiicy.
CUlcago iV Eiistoru Ulinoia
3658
I
"34"^
1st pret..
2a prof...
Wednesday, Thursday,
Aug. 29.
Aug. 28.
Tnesday,
Aug. 27.
JAN.
Range Since Jan.
Sales
ot the
26
20
12
13
20
8
e
11
13
19
30
8
19
108% 10979 107% 108% 103% IO914 15,470 81% Feb. 20 126 June 24
2323
23% 23
23% 2314 21%' 47,2791 19% -Mar. 20 35 June 29
Aug. 20 61% May
5114 5314
100,205, 48
53
.5214
5178 53
51
51''s'
71%' 70
^67
500| 70 July 31 74% Aug. 10
70
70
•Oii
70
71% 70
46%l
4I0| 41% July 5 477fl Auir. 16
-10% 40% »44% 46%
14% 40% I 46
44
•16
16
I6I4! '10
40t) 14%Julyl3 19% June '29
17
17
-lO
17
17
97I4
9>1%'
987nl
98%?.2y^o»J^
80 " Apr. 23 102% July 24
98%'
971^
97%
98
97%
109% 109% 110
23%l
23%
51%
2379!
I
j
j
I
I
no sale m-tde at the BoarJ.
1
Cash
sale.
JPrloes from
1
oth
Ex changes
n
IHE CHRONICLR
264
BONDS -li\r. ST PRICES OP ACTIYE BONDS AT
Jiange Sinet Jan.
Oloting.
Bailkoad bond*.
.luy.23
A«0 3O'|
LotaetL
1.
Railroad Bonds.
100
iW
May
LSuk»-.B..coii.
10114 Auk. lOtiia Jau.
il20 Jau. 1241.2 June
12814 Apr.
115^1 June
116>flb. lisia Jan. ll20i2May
:.:^
/n
Oentnd P»clllc-<!oi(l
inO«.a.s'nt
1898.
Oa,
101%
-los^
103«ib.
...
- b.
108
Apr.
11818 111314 Jan.
9* feb.
110!llb.l07 Jan.
;v:a--; 08 ^"V-
S{SSSS,"i.V3T!::::;:::;:: i"08
a5SrfOhlo.-.Mort. 68,1911.. 120
Irtoonaoi; 5», 1939
ChS O. &si): W.-6S, 1911
"i,:
a.
Burl.
109Mb
1903.. 129T8a. 130
7,
104
5s,
119% AUK.
104 14 Aug
103 ^
101!«i
eSS:Burl.&No.-l8?,58,1926
& Q.-Cou.
a£
1913
Dobentiire
113 May
120 14 June
105i3Feb.
108% Mch.
Apr.
114 July
104 's July
134 May
106 12 June
'129^
105 a. 102?» May
92I9 Feb.
94 4
b.
Jiily
DS^?rSlvi;i..u,4a,1922.... 94iflb.
Nebraska Extension 4.a, 1927.; 94»8 i,0*|a^ 91 's
Chlc.&E.Ill.-lst,8.f.,68,1907,119 b.ll9Hib.ll8
118
b.
Consol. 6s, 1934
.;v^25
Goneral conaol. l8l,5a,1937.^ ..... ....--•• 97
p^isb.
9oi«b.
83
L.&C.-l8t,K,.i8,1937
Chic Gas.
oeiaMay
I
95% Apr.
Jan.
120
126
Jan
Jan.
Jan.
Feb.
ChlcAlud.C'oalK.,lst,.'>.sl93til04'8a.l01'8a. 99 Jan.
b. 122I3 Jan.
12b
7a,
1905
126
b
r.-(Jou.
&
St.
Cblc. Mil.
117ial) 112
Jan
Ist, So.ilbwe8tDlv.-6a, 1909. 117 b.
Jan.
1st So. Miu. Ulv.-Oa, 1910 .. 11512b. 117^b. 110
!l03 Jan.
Ist Oi.i l'ae.\V.Ulv.-58,1921 lOOHib. 107
Jan.
lOoJaa.'
1921
..
lOSiaa.
99
5a,
Dlv.—
.Minn.
Wia. A
105 b. lOOiaa.'ioo Jan.
Terminal .-)», 1914
a.
148
Jan.
1915.
143%
7a,
147
Couaol.
Chic. A N. \V.—
129 b. 129 b.ii27 Aug.
Gold, 7a, 1902
120
Jan.
b.iig
1929
118
b.
BiukluK fluid 69,
109 b. 109 b.[l08i2Jan.
Slnlduiii; fund 5», 1929
109 Jan.
Blnlclng f und debent. 53, 1933 I14i2b
|105 Jan.
2ft-Tear debenture 5a, 1909... 106 b. 107
091a
98 Jan.
1926
99
b.'
4s,
Eitentiou
104%
109% June
108 ifl June
108 June
149 Aug.
133 May
95 b. 95 Mob.
135 b.iaHiMcli.
|105ia
10468Jan.
Il22 b.iigigJan.
Chic. St. P.M.&(>.-Cou.6a,1930 123
Cb.8t.L.& Pitt.— Ist.eon. 58,1932 93iflb, 93iab. 92 Aug.
Cleve. & Canton— Ist, 58, 1917.; 93 b. 93 b. 92i2Jan.
'l30 Jan.
C. C. & I.— Consol. 78, 1914
120 b.'
112 Jan.
General 68, 1934
98 b. 93=8 Apr.
Col. Coal &lron-l3t 6s, 1900..! 98%
1931'
Con.
68%
5s,
67=8
60% July
H.Val.ATol.—
Col.
55 a'
30 July
General gold, 68, 1904
121
b.'iisss
May
Gr.-lst,
1900
78,
12214b.
Denver & Rio
78 b.] 78 b.' 75 Jan.
Ist consol. 4», 1936
84i2Jan.
1911.1
.,!
68,
Denv.itR.G.\V.—l8t,
92i2
73%Jan.
91
Aasentcd
Denv. S.Pk.& Pac.— l8t,79, 19051 94 a 94iaa. 81 Jan.
Det.B.C. &Alp.— l9t,g.,68, 1913 10412b. 10412b. 103 Jan.
Det.Mac.&M.— Ld.gr.3i29,1911 33 b. 34i2b. 32 Aug.
Dul. & Iron Range- Ist, Os, 1937 102 14b. lOSiaa.' go's Jan.
E. Tenn. V. & G.— Con., 5s, 1956 108 a. 107 %b a 02 Jan.
99 Jau.
EUz. Lex. & Big San. —68, 1902. 106 b. IO712
137 Mch.
Erie— 1st. consol. gold, 78, 1920 141 %b.'
IIII2 112 a.;ilO%Jan.
LongDock, 7.-, 1893
Consol. 69, 1935
119 b. 122 b. 118 Apr.
98 Jan.
N Y.UE.AiW.— 2d con. 68,1969 103 b.l04
9514
1st,
1921
W.
*:
Denv.
C—
69,
93
90 Jan.
Ft
93
9216 May
Gal H.&SuuAnt.- \V.Div.l8t,58 93=8
Gr B.W.A- st.P.— 2d inc. 8.s, 1911 lO^jb. 15 b.l 13 July
GulfCol.JcSau.Fc— Ist, 78,1909 10OI4 1102
IO014 Aug.
65
Gold, 6.S, 1923
66
64 Aug.
123 a. 12014 Jan.
Ban. \' St. Jos.—Cons. 68, 1911
106
Int.&Gt.No.— l8t,6s,gold, 1919 105
IOOI2 Apr.
7OI4
Coui>ou, 68, 1909
69%
62 May
Kentucky Cent.— Gold 4, 1987.. S5i«a. 85%a. 7112 Jan.
Knoxv. i O.— 1st, 6.8, gold, 1925 110 b. Ill b. 101 Jan.
L. Erie i- West.— Ist, g., 5s, 1937 11312b. llSiab. 107
Jan.
Chic. I'eo.
At )*t.
L.— GId. 58, 1928 95
& l'rtC.—68,coup., 1917 135
105
liitcnalon * col. 58, 1934
I.
b.
b.
C
IO414 Feb.
98% May
13812 Juue
ilOSHsJune
1124i2May
100 Feb.
99 June
I
1135
1120
Apr.
105
Jan.
1
102
1
Mch.
93-% June
9412 May
IO8I2 Feb.
40 Feb.
104 Feb.
10812 May
i
i
I
lo7% Aug.
142
114
123
July
IO712
May
May
~'
Feb.
101 May
95=8 Mch.
25 Feb.
116 Feb.
1
'
8712 Jau.
Feb.
IO912 Jan.
124
74i2Jau.
90 June
'
i
,112 Aug.
;11358 Aug.
ll25i4Jan. Il30 May
Lakc.8hore.-Con.ci).,lat,7a,1900|
CoUHOl. coup., 2(1, 78, 1903
126 b.i24 Jau. 13014 May
117 b. 11414 Jan. lll7i2June
1
con., 59,
luort., 4s, li»38
May
87-% Feb
87 Feb.
12212 Aug
8212 Mav
1
Long Island— Ist,
Apr.
112 June
114i4Aug.
109 Apr.
,
CWc. K.
July
Aug.
Aug.
101 May
106 Juue
1301a June
117 July
11614 June
jl23
1931 117
b.
100%
92I2 Jan. II0214 May
Louisv.iNashv.— Con.,7s, 1898 120 b.H9 b.'ll7i2Apr. 121 12 Mch
115i2b.
E. U. it N.— Ist, 68, 1919
115 b.
il4%Juue 118i4May
General, 69, 1930
114 b.ill4>8b. 112 Jau. T18i4May
Trust Bonds, 68, 1922
'lll%b I109I2 jan. T1512 May
10-40,68, 1924
I1OII2 Jau. 106
Apr.
50-year 5b, 1937
104i2b.!l05 b.l 98 Jau. IO512 Apr.
CoUat. trust .59, 1931
'10214 llOliab.i 96i4Jan
10412 Apr.
Louis. N. A. iCh.— Ist, 68, 1910 118
1117 b.jll2i4Jan |122
Jime
Cousi>l.,gold, 69, 1916
10214b. 103 b.l 93
Jan. 104 Juue
Mem. it Char.—6s, gold, 1924... 105128. 105 b.]l02i2 Jan. 109% June
Metro. Elevated— lst,68,1908.. 115 a. 115
Jill's Jan. 12i» Juue
2d,6B,1899
110714b. 107 b.'lOO
Jau. 1 1 1 12 Mav
Ku-\\. Cent.— lat, con., 78, 1902. 129 'ga. I2914 J12914 .A-ug. I3312 Mcii.
Coii.-«j1., .59, 1902
114 a. 114 a. ill Jan. 114 May
Mil.l.akcSh. itW.— l8t,69, 1921:125
I123i2b. 118% Jau. 125 12 Juue
Couv. debenture, 59, 1907
'102i2b.l 92i2 Jan. IO412 July
Milw. itNorlh.-.M. I..,6s, 1910.!lO9 b. 108 b.ll06i2 .lau. 111 Apr.
Ist, Con., 69, 1913....^
'107 a 105 b.]l05i4 .lau. 10910 Mob.
Minn. & St. I>oul8— lat, 78, 1927 94 b. 96128. 90 Jau.
97 July
Mo. Kan. & Tex.— Con., 68, 1920 63i2b. 63
53 Apr.
63 Aug.
Consol., 5s, 1920
57 b. 57 la
50 12 Apr.
601a June
Consol., 7i., 1904-5-6
87I2 Mch. 97 June
95
94%
Mo. Pacllic— l8t, con., 08, 1920.
114 a. II012 Jan. 115 la Apr.
3d, 7s, 1906
i26i4b 120i4b.'ll6i2 Jan. 121 12 Apr.
Pac. of Mo.— Ist, cxt., 4g, 1938 99
98 b 97% Jau. 102% June
2d mort.. 79, 1891
103% July IO512 Apr.
Mobile it Ohio— New, 68, 1927.. 115 b.'115i2b.ill2%Feb. II6I2 May
General luort., 4s, 1938
55 b.l .56%
41%.Tan.
58 June
General
lOOija.
'
Debeuture,
99
129
Jan.
Jan.
98=8 Jan.
104 May
133 Jan.
Ill Jan.
129 May
91 % Jan.
b,
lloi.2a
1901
."la,
12912b.
N. Y. & narlcm— lat, 7s, 1900
9Ji2b.
N. Y. Chic. & St. L.— lat, la, 1937 957s
b. 110
116
b.'116
.Tan.
N. Y. Elevated— l8t, 7s, 1906...
13
Jan.
N. Y. Lack. & W.— Ist, 6s, 1921. 137 b. 137%a. 13112
a115
llli4Fob.
11
Con8'.mctlon, 58,
,, 1923
N. Y. &North'u— l8t, 58, 1927..'110 b.|110 b. 107
_
Apr
„,..
IIOI2 Mch.
N. Y. Out.
Ist, 68, 1914.-'112i2b.
_ _
94
_
N. Y. 8118. &W.—latrcf., 5a, 1937,10012 !101%
Jan.
Midland of N. J.— 1st, 68, 1910 U9%a. llSiab. 11414 -ipr.
Norfolk & West.—Gen., 6a, 1931120 b, 120 b.|ll7i4 Jan.
North. Pac.— 1st, coup., 68, 1921, 116i2b. llo% I115I2 Jan.
'115% 115 b.|112 Jan.
General, 2d, coup., 1933
97% Jan.
General, 3d, coup. 68, 1937... 10512b. 10718
110 a. 103% Jan.
No. Pac. Ter. Co.— Ist, 6s, 1933.'
Ohio lud. & West. -Ist, 58, 19381 80 a.l 80
61 July
Ohio&Mis.s.—Consol., 78, 1898. 118 a.ll8 a.|ii5 Jan.
125'^b. ngig Apr.
2d, consol., 78, 1911
'
-
&W.—
|
1
i
OliioSoutheni— 1st, 68, 1921
2d, income, 68, 1921
b.llOiab. 103
Ill
...
58
'
58 14
a.
44%
|
Jan.
Jan.
Oinaha&St. L.— 1st, 49, 1937..! 78 a. 77i4a.| yiiaJan
Oregonlmp. Co.— 1st, 68, 1910. 103 b. 104 b. 102 Feb.
Ore. R. &Nav. Co.— 1st, 68, 1909 112i2b '113 b. no Jan.
105 b. IO4I2 102 Jan.
Consol.. OS, 1925
105 b- lom .Ian.
Oregon &Tran.scoii'l— 6s, 1922.
I1013 jllOfsb. lOG'g Jan
Peun. Co.— 412.S, coupon, 1921
"
Peo. Dec. & Evans.— lst,6s, 1920 110 a. 1 0712b 104 12 Feb.
Evan.sv. Div.— 1st, 68, 1920... 100 hjb.; 107 b 1102% Jan.
71i2b.! 71 %b. 66
Jan.
2d mort., 59, 1927
Phila. & Head.— Gen. 43, 1958..' 90i4b. 91
88=9 Jan.
8OI4
80'8
80 July
1st pref. income 59, 1958
6514b. 65
62^8 July
2d pref. income 53, 1958
52i4
b.
50
51 12 July
3rt pref. Income 5s, 1958
„ ,
Pittsb. & West.- 1st, g., 49, 19171 83i2a. 83^ b. 76i4Jan.
.
1.
Bigheit.
1
104 14 Apr
13812 June
1074 Juue
107
Feb.
1371a June
llSkJune
134 Mch.
98 14 June
121 May
13812 June
116i2July
llOia Aug.
115 Feb.
103i4June
II914 July
121% Apr.
12078
II2I2 Aug.
80% June
lOe'sFeb.
115i4June
105% May
107 12 Apr.
111
May
110 May
109%
Feb.
7612 Mch.
94% June
94 12 Jan.
82%
66i2h.
1916, Droxel cert. 36
Diinv.— Con., 6s, 1915 ..L...
63,
,
Rich. &
Consol. gold, 5s,
1936
92
'
68"
58
26
114
90 b.! 86
98i«b.! 96
117 b. 113
36
b.
Jan.
62 14 Jan.
'
& All. —1st, 79, Droxel cert.
Aug.
.59
'
2d mort.
June
June
121
126
'
Rich.
Muy
117 Aug.
110 May
112 June
80 14 Aug.
'
8712 May
7018 Aug.
Jan.
Jan.
37
Aug.
.Tan.
119% May
Jan.
Feb.
Jan.
a4% May
103 May
Kich.&W.J».Ter.—Trust 6s, 18971 98ia
119% July
Roch. APlttsb.- Con. 63, 1922..I117 b.
106i2
a.
108
June
lOiHaMay
RomeWat. &Ogd.— l8t,78, 1891
lioiab.iosis Apr. 112 May
Consol.,extended, 58, 1922... 110
"
105%b.ll05i2b.
10912
Apr.
St. Jos. cfeGr. Isl.— Ist, 69, 1925.
104 Jau.
b.
jHijr 115
.lune
St. L. Alt. &T. II.— lat, 7a, 1894 112 b. 112
b.
108
II214 June
1 05% Feb.
2d, mort., pref., 7a, 1894
ii>Rioh ir>ii„
i'";i"i> 108i2b.
t„„
106i2b.
10412 Jau.
108 Apr.
2d, mort., income, 78, 1894
79 12
99 Feb
St. L. Ark. & Tex.— l8t, 63, 1936, 80
77 July
25 b. 28 12
25 May
38 Feb.
2d, 68, 1936
106
'10512 Aug. 110
Jan.
8t. L. & Iron Mt.— lat, 78, 1892.] 106
Il08iab 109
1105
Jan. 110 July
2d mort., 78. 1897
102%b.iioii4 Julv 105i2June
Cairo * Fulton— 1st, 79, 1891. 102%
Cairo Ark. &Tox.— lst,7.s,1897 103 b. 103ieb.iio258 Aug. 107 Apr.
"
90 Feb.
Geu. R'v & land gr., 58, 193 l.t 86 a. 86 b.| 81 Jau.
b. 116
b. 118
Jan. 121 Apr.
St. L. & San Fr.— 68, CI. A, 1906 118
119
118
|115%Jan. 121 Apr.
6s, Class B, 1906
119 a. 118 b.ii5i2.Ian. 121 Apr.
69, Class C, 1906
'116 b. 116 b. 11518 Jan. 121
May
General mort., 6s, 1931
103iab. 104 b. l01i4J.a.u. 108 June
General mort., 59, 1931
b. 12014b. 118
Jan 122 Apr.
S. P.M. <StM.— Dak.E.xt.,69,1910 120
118%a. 118% T15i2Jan. 12134 .Tune
lat consol., 69, 1933
b.
1011.2b. 101
98i4Jan. 103% June
Do
reduced to 4123
9312b. 99i8b.' 96i4Feb. 10012 July
Collateral trust, 59, 1898
92 12 May
Montana Ext. Ist, 4s, 1937 ... 87 b. 87 b.l 83i4Jan.
96 May
Bhen. Val.— Ist, 7s, 1909, Tr. rec. 9412b. 9412b. 87i2Apr.
40 May
General 6s, 1921, Trust rec... 37 b. 37 b. 31 Jan.
South Carolina- 1st, 63, 1920... IOOI2 100 b. 90 Jan. 101 Aug.
61 Aug.
55 b. 5712b. 47 Jau.
2d, 69,1931
7 b.l 513 Jan.
10 Feb.
7 b.
Income, 63, 1931
So. Pac, Ariz.— 1st, 68, 1909-10. lOOisb. 106i2b. 104 la July 108 14 June
Jau 118 Aug.
So. Pac, Cal.— Ist, 6.3, 1905-12. H7S8b. 118 b. 114
106 b. 105 14 July 108 14 Feb.
Ro. Pac, N. M.— lat, 63, 1911 ... 106%
95%
89 Jan. 100 Mch.
Tenn.C. L&Rv.— Ten.D.,l9t,63 OSia
94i2
95 a. 89 Jan.
99 Mch.
Birm. Div., ist, 6.S, 1917
8512 Mch.
94 May
gold,
90
b.l
90%
&
Pac—
1st,
2000
Tex.
59,
36%
38
34 Mch. 40 Apr.
2d, gold, income, 5.3, 2000
I
all
101
b.i 133
b. 107
a.
CU. & et. L.— Ist, 78, 1913;132
'107
Consol. .5a, 1938
HOl^b.
N.Y.Central— Extend., 58,1893:
132 b.
I8t,cp.,79,1903l35ii2a.
N.Y.C.&H.—
;
Indioateaprioe bid, and "a" prloj asked:
t, 68, 1911. i02
Nivsli.
m
I
1
•
i
I
1
,
I
I
'
I
.
&
M.— 1st,
Tol. A. A.
63, 1924 100 a.
Tr.— 1st, 63, 1921 115 a.
Tol. A. A.&
Ist,
Ohio
Cent.—
Tol. &
53, 1935 lOiiab.
Tol. Peo. it West.— l8t, 4s, 1917.. 77 b.
Tol.8t.L.&Kau.C.—lst,6s. 1916 102%
Union Pacitic— 1st, 6s, 1899
117%b.
Sinking fund, 83, 1893
Kansas Pacitic— Ist, 68, 1895.'
1st, 6s, 1896
Denver Dlv.— 09, 1899
II514
Istcousol., 6s, 1919
Oreg. Short Line— l.st, 68, 1922 112
Virginia Mid.— Gen. m., .5s, 1936 87 a.
Wab. St. L. itP.— Geu.,6a, Tr.rec
ChieagoDiv.— 53, 1910,Tr.reo. IO3I2
N.
Gr.
I
•
Tel— S.
Mutual Uu.
i
NOTK.— The letter'
Lowest.
I
lOli a.lom
OBnMofN J-isKVilSW'.. !12m.b.l21'9
7^-
1889
1,
Range Since Jan.
Aua.23iAug.3O
Highest.
I
SIxNOE JAN.
Oloiiing.
2238 Feb.
83 Feb.
1121s May
**0,^1
STOCK ESCHANttE, AND BANttE
N. Y.
XUX.
[Vol.
1
105
99 Mch.
1 15
103 Jau.
10112b 101 Jau.
78
74 Apr.
!-92i2Jan.
103
Ii8 b. 115 Jan.
117%b. IIOU Mch.
109%b. no's Aug.
110%b. 109i2.Ian.
b.
a.
11412b. 11212 May
lloi8b. 112 Jau.
113
Til Feb.
IllOU June
1120
Juue
iloii2Juuo
8212 .Tune
105
May
lilia July
I2012 Jan.
112i-> July
11212 May
I1314 Feb.
117
Ai)r.
II512 July
86
78% .Tim. 90 Apr.
50 78 Aug.
51 a.! 37 Apr.
lOS^bl 88i2Jan. 104 Aug.
lOOiab. 86
Jan. IOOI2 June
Wabash— M., 79, 1909, Tr. rec
Tol. & W.— I9t, ext., 7a, Tr. rec 103iab. 103i2b.l 8912 Jaii. 1103i4 .Tuly
93I2 Feb. |103i2 Aug.
lst,St.L.Div.,7s,1889,Tr.rec 103 b.
100 b.i 87 Jan. 103 June
2d, extend., 7s, 1893, Tr.rec
100 b.l 85 Feb. llOl .Vug.
Con., conv., 7s, 1907, Tr.rec
Jan. 10312 July
Qt. We3t.-l8t,7s, 1888,Tr.rec 103 b. lOSiab.l 89
101i2b.l 86
Mch. 102 % Juue
2d, 79, 1893, Truat recelpt9
106
1102% Jan. 1109% June
106
West Shore— Guar., 4s
West N. Y. & Pa.— Ist, 5, 1937. 95 b. 9513b.! 95 14 Jan. 101 Apr.
34 a. 33 b.l SSUAuff. 44 Feb.
2dmort.,3g., 580., 1927
OS's Jan. 106 June
West. Un. Tel.— Col. tr., 5s, 1938 lo; b. 103
107iab.!l02
Aug.
Apr. 110
Wheel. * Lake E.— 1st, 5s, 1926
b.
;
i
I
j
I
I
I
other prices and the ringe are from actual aales.
STATE BONDS.
SECtJBlTIES.
Alabama- Class A, 4 to 5
Class B,
159
Clam
6a.
(;, 4s
10-20
103
Little
-.Central
'
>-'old
!.•
Ml
,iui-7.s, coiiB
htiunpi-d 4s
Mlcblgan-7a
Rock
RR
i.s8...
I
I
12
9
10
8
I
Fuudiu«.
iNew York— Os, loan
10019
19(H)
-i^ it
SECURITIES.
I
Bid.
i
14
12
14
10
I
6s,
loan
North Carolina— 63, old
Funding act
Special tax. Class 1
I
89^
901a
1
RR
Chatham
18901 lOOHjl
J.I
New bonds, J. & J.... 1892-1898
1890 102%!
1914' 105
1
&
19001
4
South Carolina— 6a, non-f uud. 1 888
1893 102
Brown consolidated, 6s
1892-1898
Tcnuessee— 6s, old
1912
Comprojui.se, 3-4-5-68
1913 106
New settlement— 68
1913
'5s
73
1913
38
ConsoUdated 4s
1910
6x
19191
35
10
20
6%
A
Bid.
k.
Rhode Island— 68, con. .1893-1894 IIOI2
1894-1895, 110
1892 111
1893, 111
J.
^CURITIES.
Ask.
HI
1906
Arkansa.s— (i«, funded.. 1899 900
7?. Mttl. Uotk & Kort Smith Isa.!
i
Ask.
Bid.
1906^ I03>a 1041a Miasouri- 6s
due 1889 or 18901 100%
1906!
Asylum or University, due 18921 103
9
7
9l2
....
128 12
97
Virginia
—
6a. old
Os, eons'tlidated bonds
6s. eonsi>lidate(l. 2d sei'iea
(>s. defriToii, trust receipts
8
414
104
109 »2
104
I
73%
1
AUGUST
THE CHRONICLE.
31, 1889.]
265
BONDS-STOCK EXCHANGE QUOTATIONS ON FRIDAY OF THE LESS ACTIVE RAILROAD BONDS.
SECURITIES.
Bid. lAHk.
SECURITIES.
SECURITIES.
Ask.
East Tenn.— 1st cxt., gold, 5».1937!
Eq. A Inip.,g.,58
1938| 94>a 9513
Mobile A Blrm.— Ist, g.,5g..l937
97
Alabama Central- 1st 68...1918 114%
Erie— 1st, extende<i, 78
1897 119>2l21
2d, extended, 58
1919 118
3d, extouded, I'ss
1923 112
109
4th, extended, 58
1920 II7I2
5th, extended, 48
1928 102%
1920 '134 140
90
Ist, cons., fd. coup., 78
10213^ Reorg., l8t lien, 68
1908
\'.
112'.2||
B. N.
& E.— Ist, 7s
1916 142
89
N.Y. L. E. &W.— Col. tr.,68.1922
105 'sij Funded conp., 58
91
1969 89
Income, 6s
1977
102
Buff. &8. W.— Mortg. 68....1908
81
Jeffeison- Ist, gu. g. 58 ....1909 106% 108
Railroad Bunds.
fS'ock Kxrtitfvne. Friccs.)
A- San. Fe— iias-.-lOaO
Atch. Top.
1011
«iiklji); (iiud, (!»
Bid
Chic. S. Fe * Cal.^lBtg., .58.1937|
Atlantic & Danv.—lst (?., 6s. .1917
Bait. & Oliio— 1st, 6s, Parli B.l»19i
1925!
58, Kold
Cons. iDort., Kold, Oh
1988j
ii
Bid.
Northern Pacitlo— (Continued)—
A>k.
'
DuluthAManitoha- l8t,g.()8l936 107
I
Dul.A.Man.Dak.Div.— Ist68l937
La. M. A.Mo. R.— Ist, 5s... .1937
109
lOOT*
*
North. Pac. A Mon.— Ist. 63.1938' 107»9!i(y7\
Cceur d'Alene— l8t, 68, gold. 1916
1938i
Gen. l8t, gold, 6.s
Cent. Washington— l8t,g.,68.1938'
Norf.A W.—New Riv.,
Imp. A Ext., 68
68.1932 116
1934 109
1924 112
Brooklyn
1908
Clinch Val.D.-lst.eqiiJp. 5g.l957
2d. 3-5s
98% 99 >4
1915 86
Ogd. A Lake Ch.— Ist, con. 68. 19201
Union El., lat, guar.. 6s....l937[ 105 Ss
Brunswick A- West.— lBt,g.,'l.'<.193S!
Ohio A Miss.—Cons., a. f., 78.. 1898 117Js 118
IIOI4
Buff. Roch. .t Pifts.— Gen., 58.19371
Springflold Div.— Ist 7»
1 905
Boch. & Pitts.- 1st, 6s
95
General 5s
1932
1921|
IOOI4 Eureka Springs R'y— t8t,68.g.l933
Burl Ced. Rap. A No.— Ist, 5s. 1906
Ohio River BR.— Ist, 58
1936 100 102
8912 lEvau. A T. U.— Ist, cons., 68.1921:*
i'22'
Consol. & roUat. trust, os. .1934;
87
General mort., gold, 58
19.37
1923!*110
Minn. & St. L.— l8t, 7s, )<u..l927
Mt. Vernon— Ist 68
Oregon A California— 1st, 5s. 1927
lowaC. & West.— l8t, 78.... 19091 100
liEvans. A Indian.— 1st, cons. .19261*115
Pennsylvania RR.—
97>9
Ccd. Rap. I. F. & N., Ist, 68.1920
Flint A P. Marq.— Mort., 69. .1920 1 22
Pltt.s.C. ASt.L.- Ist, cp.,7s.l900 117
39i»:
1939*105
1st, 5s
Ist con. gold, 58
Pitts. Ft. W. &
1st, 78.. .1912 142 13.
1921
Central Ohio Reor.— Ist, 4».2S.1930
Fla. Con. APen.- Istg. 5s.. ..1918!
2d, 78
1912
145 >3
106 14
Cent. RR. A: Bank.— Col.g.,53. 1937
102
Gal. Har. A San Ant.— 1st, 68.1910
3d, 78
1912
103
Sav.ife West.- 1st con. k.,.5s,.1929
105
2d mort., 78
Clev. A P.— Cons., 8. fd., 78. 1900 125
1905
129
Cent, of N. ,1.— f imv. deb., 6s. 1908
125
99
Ga. 80. A Fla.-l8t, g. (is
4th, sink, fund, Bs
1892! 104% 106«a
1927
IxihlKh A- W. B.. M. 58
107 I'Hrand Bap. A Ind.— Gen. 58.. 1924
1912
St.L. V. AT. H.— l8t,gu.,78.1897' 116=8 117
Central Paoitie— Gold hd.s.,6s.l893'
81
1898,^10612
Green B. W. A St. P.— 1 st 68 191
79
2d, 7s
Gold bonds, Hs
1898' 107
Housatonic- Cons, gold Ss. .1937 105 106'8
2d, guar., 7s
13961
Gold lionds, 68
Hou8.ATex.C.— 1st. m. 1. 78.Tr.reo. 120*. 121
1897!
Peoria A Pek. Uion— Ist, Ba ..1921 113
San Joaquin Br., 6s
West Div. 7.i,Tru3t receipt8.1891 •120 122
1900
1921
68
2d mortg., 4i2S
70
Cal. A- Orenon— Scr.B,6s...l892
Ist Waco A Nor.— 78
Pine Creek Railway— Os
1932
1901
West. Pacitic— Bonds, Os
1 899 Ill's 114
2dni.8s.M.l. Trust receipta.1913 •121
Pitts. Cleve. A Tol.— 1st, 6s.. .1922 108
No. Railway (Cal.)— 1st, 6s. 1907
81
82
Gen. mort.63,Tru8t receipts. 1925
Pitts. Junction- 1st Os
1922J 109
Ches. A O.— Pur. M. fund, 63.1898
Illinois Central— lat, g., 4a ...1951 108
108% Pitt*. Mc. K. A Y.— Ist 6s
1932 *118
6s, gold, series A
l8t,
1908
gold, 3123
1951
Pitts. Painsv. A F.— Ist, 3s. ..1916! ....
10041
Ches. O. & So. West.— 2d, 6s. .1911
77
Gold 48
1952 10238 103% Pitts. Y. A Ash.- Ist, Ss
1927
•i'
Chicago A- .\Iton— 1st, 7s
Springf. Div.— Coup., 6s.. ..1898 112"^
1893
Picsc't A Ariz. Cent. Ist, 6s,g.l916
90
SinkiuR fund. 6s
Middle Div.— Reg., 5s
1903 123
1916
1921 115
2d income, 6s
Louis. A- Mo. River— 1st, 7s. 1900 120
123
C. St. L. AN. O.-Ten. I.,7s.l897 116
Rich. A Danv.— Debenture 08.19271
103>a
2d, 7s
1st, consol., 7s
120
1900
1897
Atl. A Char.— l8t, pref., 73.. 1897'
8t. L. Jacks. A Chic— l8t,78.1894 114
2d, 6s
Rich.A W.P.Ter.— Con.c.t.,53.1914
841s 831a
1907 120
1st, guar. (.364), 7s
Gold, 58, coupon
R.W.AO.— No. AM.l8tg.gu.38.1916i
1894,
1951 117
1898' !i5'
2dmort. (360), 7s
Memp Div., 1st g. 4s
101
1951
Rome W. AOg.Terni.— Ist g.58,1 91 8
2d, Kuar.
Dub. A 8. C.--2d Div., 78 ...1894
1 898
1 88)
73
1923!,
St. Jos. A Gr. Is.- 2dinc
50
Mi.s.s.R. Bi-tdi;e— Ist, s. f.,6s.l912 107 14
72>2
Ced. Falls A Minn.— Ist. 78.. 1907
Kan. C. A Omaha— Ist, 5s. .1927!
871a
Chic. Burl. A Nor.— Deb. 63...1896i
Ind.Bloom.AW.— Ist, prcf. 78.1900 II6I2 123
414 45
St. L. Al. A T. H.— Div. bonds!1894,
Chic. Burling. A Q.— 5s, s. f. .19011 i'o'eJi
Ohio Ind. & W.— l.st pf., 5b.. 1938 * 99
Bcllev. A 80. 111.— 1st, 88. ..1896; 120
Iowa Div.— Sink, fund, 53.. 1919'
Ohio Ind. A West.- 2d, 58.. 1938
45
50
Bellev. A Car.— Lst, 6s
1923! HO
Sinking fund, 4s
I.B.AW.,con. inc. Trust receipts. * 16%
1 919
Chi.St.L.APad.- lst,gd.g.5s 19171 101
9414
Plain ,4s
Ind. D. A Spr.— Ist 7s, ex. op.l906
83
97
1921
St. Louis So.— 1st, gd. g 4s. 1931
Chic.Mil. A St. P.— Ist, 8.s,P.D.1898
126% Ind. Dec. A West.— .M. 5s
1947 ....
Car. A Shawt.— let g. ia. .1932
2d, 7 3-lOs, P. D
2dM., Inc. 5s
1898 ii5"
36
1948 ....
St. Louis A Chic.— 1st, con. (is. 1927
Ist, 73, .$ s.. R. D
129
Iowa Central— Ist gold, .58.... 1938 86I4
1902,
St. L. A L M.— Ark. Br.,lst,78.1893
1st, La Crosse Division, 78.1893 11212
Kan. C.Wyan.AN.W.— Ist, 58.1938
9512
St. Louis A San Francisco—
1st, I. A M., 7s
18971*
Kings Co. Elev.-Scr. A.lst 581923 104 IO514
1919
lst, 68, P. C. A
Ist, L A D.,7s
1899"
80.—
Lake
Shore
A
Mich
Equipment, 78
1893
"
Ist, C. & M., 7s
Cleve. P. A A.— 7s
1903 '
1892
1st, trust, gold, 3s
1987
l8t, I. A D. E.fteii.slon, 7s... 1908
Buff. & Er.— New bonds, 78.1898!*122'52 124
Kan. City & S.— lst, (is, g.l916
1st, Southwest Div., 6s
Kal. & W. Pigeon— Ist, 78...1890 *10134 102>«
1909 *
Ft. S. A V. B. Bg.— lst, (is. 1910
1st. La C. A Dav., 03
105
Det. M, AT.- Ist, 7s
1919
19061 ....
St. L. K. ASo. Wn.— 1st, (is.19101
1st, H. A D., 7s
Lake Shore— Div. bonds, 78.1899]'
1910
125%
Kansas Mid'd.— lst, g. 43.1937;
1st, II. A D.,.5s
104 is
Mahon'g Coal RR.— 1st, 58.19341 110
1910
St. Paul A Duliith— lst,58....1931 *110
Chicago A Paciflc Div., 63.. 1910
120
Litchf. Car.A West.— Ist Os. g.l916i*
106
98
2d mortgage 5s
1917!
Chic. A JIo. Riv. Div., 5s. ..1926
IO4I2 Long Island— Ist, 7s
1898! 120
St. Paul Minn A M.— 1st, 7s. .1909! 114
Mineral Point Div. 5s
N. Y. A R'wavB.—l9t,g. 58.1927
1910 *
1909, 121%
2d mort., (is
C. A L. Sup. Div., 5s
1921 103
2dniortg., inc
19271
Minneap. Union 1st, 68
1922!
Fargo A South.. 6s, A.ssu...l924
N. Y. A M. Beach— 1st, 78. .1897 110 115
Mont. Cen.— 1st, guar., Os.. 1937! 1161*
Inc. conv. sink, fund, 53
N. \. B. A M. B.— Ist, g., 58.19351 98
1916 "99 "2
East, Minn., 1st div. 1st 5s. 1908
Dakota A Gt. South., 5s
Brooklyn A Mont.— Ist, 6s. .191]
1916 101
San Ant. A Arans.- l8t,0s,'85-1916! 82
85
ChicAN.W— ICscAL.S.-lst,6s.] 901 " 111
1st, 53.
1911'
*^^'« S4ia
1926!
lst,6s,1886
-Des M. A Minn.— 1st, 78.... 1907
SmithtowuAPt.Jeff.— l3t,78 190l|*l 10
San Fran. & N. P.— 1st, g., 5s.l919l I0014 101
Iowa Midland— Ist, 83
Louis. ANash.— Cecll.Br.,78 .1907 107
190O i29" 130
19101
Scioto Val.— l3t, cons., 7s
Peninsula— 1st, conv., 7s... 1898
1930' 114
N. O. AM.— l8t, 6s
Coupons off
Cliic. A Milwaukee— Ist, 73.1898
N.O.AM. -2d, 6s
1930, 100
Sodus Bay A 80.— lst, 3.s, g...l924
110
1071a
Win. A St. P.—2d, 78
9712
1907 * 121
Peusacola Divisicm, (is
19201 110
So. Pac, Cai.-lstcon. Ss ....1938|
Mil. A Mad.— Isr, 6s
1905 119>4
St. Louis Division, 1st, 68.. .1921! 122
Texas Central— 1st, s. f., 78. .1909!
50
Ott. C. h\ A .8t. P. -Ist, 5s. .1909 110%
65 14
2d, 38
1 980l
1st mortgage, 78
1911^
50
Northern III.— 1st, 53
1910 1081s
Nashv. A Decatur— 1st, 78.. 1900i 122
Texas A New Orleans- lst,78.1905i
Chicago Rock Island & Paciflc—
8. A N. Ala.— S. f., 6s
1910
ioBii
Sabine Division, 1st, Os
19121
Des Moines A Ft. D.— 1st, 48.1905 87
Pens. & At.— 1st, 68, gold... 1921 101 13
Tex. A Pac., E. Div.— lst, 0s.l905 107
1st, 2J.JS
1005
55
Nash. Flor. A 8. 1st gu. 58.,1937' 97% 98
Tol. A. A. A Cad.— 6s
1917| 1031s
E.^t(!nsion, 4s
19(>,5
Loulsv. Southern— Istg. 63.. .19171 99% 99^4 Tol. A. A. A Mt. PI.— 63
1919!
Keokuk A Des M.— 1st, 5s.!l923
Lou. N. O. A Tex.— 1st, 43....1934| 91
1896 114
Union Pacitic— Lst, 68
Chic. A St. Louis- 1st, 6s
I897I 115
1915
123
2d mort., 5s
1934 40
1st, 63
Chic. .St, P. A Kan. City— 5s.. 1936
;:Loni3V.St.L.ATe.x.— Istg. 68.1917! 97 13
1st, 6s
1898 117 III8I3
Minn. A N. W.— 1st. g., .5s. .1934
Mexican National— 1st, g., 68.1927 101
Collateral Trust, 6s
1908 10538'
Chic. St. P. A -Minn.- lst,63...1918 126
95I4I
.1907
2d, Income, 6s, "A"
1917|
Collateral Trust, 5s
62
No. Wisconsin- 1st, 68
1917,''
1930
..1895,
2d, income, (is, "B"
C.Br. U. P.— F. c.,7s..
18
St. Paul AS.
1919' l'.;6>s
l.st, 6s
1909l*103is
Michigan Central- 68
Atch. Col. A Pac— 1st, 6s... 1905
93
Chic. A W. Ind.— 1st, s. f., 68.1919 1141-2'
Coupon, 5s
1931i*115
93
Atch. J. Co. A W.— lst, 6s... 1905*....
General mortgage, 68
1932 II8I2;
Jack. Lan. A Sag.— (is
189l! 104
Utah Southern— Gen., 78... 1909 115 120
Cin. Ham. A D.— Con. s. f., 7S.1905 I2512'
iMilw.L.S.AW.— Ext. AIrap.,53.-29| 102 103
1909! 112 |114
Exten., 1st, 7s
2d, gold, 412S
1937 * 94
MlchiganDlvlslon, 1st, 68.. 19241* 113
U. P. Lin. A Col.— Ist,g..5s.l918 10138;
On. I. St. L.A^hic.-lst,g.,43.1936 101 il03
AshlandDlvlsian- 1st, 6S..1925 117is
Utah A Northeni— Gen. ,5s. 1926
Consol., 6a
!*
1920
Incomes
lOeis Valley R'y Co. of O.—Con. 6s. 1921'
Cin. Jack. A Mae.— ist, g., 5s. 1936
Minn. ASt.L.— I'a Ex., Ist, 78. 1909
128ia
85
9312 IWab.StL.AP.- Det.Dlv.,68,Tr.rec.' 128
Cl.Col. Cin. A Ind.— 1st, 78,8.t.l899 122
123I2
2dmortg.,73
Equipment bonds
10
189l!
1883,
22
75
Consol. sink, fund, 78
1914
Southwest Ext.— 1st, 78
1910 77
Quin. &T0I.— lst,7.s,Tnistrec.. ''lOSis'
Cleve. A Mali. V.— Gold, 58... 1938 \\y7
Paciflc E.xt.— Ist, 6s
lst,7s,Tr. rec -.1 103
1921
Han.
ANaples—
83
Colorado Midl.md- 1st, g., 68.1936 * 102 Is'
Irapr. A equipment, (i.s
1922
III.ASo.Ia.— l3t,ex.,0.s,Tr.rcc...l 100 104
60
ColuihbiaA Green.— Ist, 6s... 1916 * 102 105
Minn. A Pac.— ist mortg., .58.1936
St.L.K.C.AN.— R.E.ABR.7s.l895i*Hl ifli
2<l. 68
192(i
85
88
Minn.S. Ste. M. A Atl.— 1st, 38.1926
St.CharlesBr'go- lst,6s...l908,*106islIO
Col. A Cin. Midland— 1st, (is. 1914 *
88
Missouri Pacitic— Trust.g., 58.1917
1895' 11514115%
99% No. Missouri— 1st, 7»
Del. Lack. A W.— Convert. 7»,1k92 * I'dsis 109
Mobile A Ohio— Ist ext., 68... 1927 107
Warren
A Frank.— 1st, 78.... 1896 100
Mortgage 7s
1907 *
139% 1st pref dehenttu'cs
West. Va. C. A PltM.— 1st, 6s. 1911
Syra. Bing. A N. Y.— Ist, 78.1906 1351s ...
75I2 80
St. L. A Cairo—4.S, guar
1931
Wlsoon. Cent. Co. - 1st g. 5s. 1937] 95
Morris A Essex— 1st, 7s
1914 " 147''8
Morgan's La. A T.— 1st, 68.... 1920
1937 55
Income Ss
57
2d, 7s
1891 1035s IO6I4
Ist, 78
1918
ibo'' 112713
mNCcllaiieoiis Bondn.
!"
Bonds, 7s
IHOO ' 123
Nash. Chat. A St. L.— 2d, 68. .1901 llOia
Co.—
Bs....
1907
Water
W.
1st
Am.
78 of 1871
1901 129
New Orleans A Gnlf-lst, 68 .1926
lOOVt
1907;
lstcon.,gold, 5s
Ist, con., guar., 7s
1915 I4412 146
N. O. A. No. E.— Pr. I., g., 6s.. 1915
BostonUn. Gas-Tr. cer. 5S..1939 94i2 93ifl
Del. A Hiul. Canal— l8t, 78... 1891 IO4I2 104% N. J. Junction— Guar. 1st, 4a. 1986*
IO4I2 Cahaba Coal Min.— lst g. 7s. .1907
98i2
1st, extJ-nsion, 7»
1891
N. Y. N. H. AH.— lst, reg.4s.l903! II0I4'
Col. A Hock. Coal A I.— lis, g.. 1917
Coupon, 7s
1894 ' 1171s
N. Y. A Northern- 2d, -Is
1927! 52%' 53% lEquitable G. A F.— Lst 68.. ...1903i lOO
Pa. Div., coup., 7s
1917* 147
,N. y. Susq. A West.— Deb. 6».1897
Hackensack Water— lst. 5s.. 1926 104
Albany A Snsq.- 1st, gu.,7s.l906
2d, 4I28
1937| 81
'Henderson Bridge— Istg. 68.1931 110
1st, con."., guar., 6s
1901
1906 126>8'
85
N. Y.Tex. A Mcx.-lst, 48....1912;
Iron Steamboat Co.— 6s
R('ns. A Sar.— l.st, coup., 7S.1921 149
152
Northern Pac— DIvld. scrip ext... 103
People's G.is A Coke / 1st g.6s,19()4
Denv. A R. G.— Imp., g., .5s. .19-^8
>2dg.6s,1904 99
83%
JftmesRtver Val.— lat, 68.. .1936*106
Co., (:iiicago
DnI. So. Sh. A Atl.-Gold 58. .1937 *93ia 9412'
10214
'10713 Philadelphia Co.— 1st s. f. 63.1898
Spokane A Pal.— 1st, 6s
19.i6 *
E. Tenn. Va. A Ga.— let, 7g...l900 \'Jii
125
il22 i!We.st. Union Tel.— Coup. 7s... 1900 116isl20
St. Paul AN. P.— Gen., 6a..l9'23*119
Divisional Ss
19.30 'JO8
HelenaARcdM'n—lst.g., 68.1937 102
,Vliitebr'«t Fuel— Gen. s. f. 69. 1908
..
Beech Creek— 1st.
(told, 4.t....
1936
'
i W.— Ueb.
Host. U. Tiin.
5s. 1913!
Elev.— Ist, «., Os. ..1924
Ist,
Adjustment M., 7s
Equipment, 58
'!
:
)!
Ii
.
I
.
!
C—
I
I
;
I
.
;
.
. .
I
j
I
'\
'I
I!
'
I
I
1
(
,
. .
I
'
—
i
.
'
!
jl
I
i
C—
I
'
!|
'I
1
,1
1
!
|
i
'
I
,
.
1
'
.
.
'
'
'
'
'!
I
'
1
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!
|
.
,
!
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ii
i
I
No
price Friday; these are the latcBt quotations
'
made
this
week
—
——
——
^
84, 1889.
Sptci*.
Legob.
DeiKuU:
«
t
SECURITIES.
omuttd.)
Mtk of X«w York.
S,000.0
S.0SO.0
s.000.0
S.000.0
8,000.0
1.000,0
1.000.0
1.000.0
MkntuKUB Oo
ManliuiU'
...
Bvt«her«'
ft
ItOChaiiICK'
l>roT»r»'
± Tr«d«r«
•nonwicb
liMthsr ManalMCra
•mnih NnUnDkl
Now York...
maot
T -^" *
rtB i
j»
o
OMOMoieo
BnMdirar
KercanUle.
PmUIo.. ........>•>.
B«pQbUo
OboUutm.
12,950,0
9,936.0
71>U,2
PaoplM'
Jlonli Araertoa.
WMtom
Central <it Massavhusetts
PrefoiTod
531
660,5
438,8
143,0
*98,9
399,1
77,0
387.0
3,119.1
l,53»,i»
6.69it.l
924,6
743.0
834,2
838,2
684,3
250,3
8,187,4
l,40S.2
247,4
2,636.2
207.t!
220,3
1,11«.2
2'. 9.0
37ti,«
4,292,B
2,04a.^
127.6
121.0
1,336,4
507,3
223,2
28t,ll
6,157,4
248,!?
l;<2,0
307,6
15:.6
4,544.5
31B.il
2.81.',2
679,7
731,3
886.0
9.378,6
3,902.7
2,9ol,9
2,688,0
517.7
234,3
280.7
258,3
474,4
231,5
4,22ti,6
3,0'-2,6
.3,136.0
3,S.4.%8
706.6
411.1
342,4
943,2
2,107,7
41^1,0
127..1
3,32,0
82,ft
1,910,1
505,0
375.0
765,2
1,678,5
2^I,u
10,920,6
rrovidcnce
Pennsylvania
Phil. ,s Eire
Sunbury <& Lewtstoa
United Co'8 of N. J
West Jcrsev
West Jersey <t Atlantic.
J
30
28
92
15 -i
121
& Worcester
Norwich
cfc Lake Cliam.
Old Colony
Portland Saco* Potts...
Ogdensl).
120
131
126
6
63
BONDS.
&
•}
Specie.
2d, 7s, reg., 1910
Cons. 6s, C. ill., 1923..
78.
Mortgage, 58
&
4,122.0
.'i
3.0»-.'.'l
5,lSU,il
3,69(l,.i
S.431,rt
1,9;-4,1
4,681,1
2,152,2
4,165,0
2,(J8II,0
9,/6."',»
coup., 1919...! HS'.j
lOSWii
1105
58, '18 ,104
102<».
5
2d series 5.S, 1918
4,461,3 135.264,912,535,5
4,609.5 134 475,9 2,543,5
4,728,1 132,609,0 2.530,5
77,054.8
73.913.9
71,090,6
2,133,0
98.063.(1 2 129,0
59,691,5
155.1-J7.2|1,),587,0
154,994,1 10,7b3,t>
I
fP,<'58,l'
2,'i,645.0
101.376.0
:iO.24H,0
t0.4i'4,8
21.7 63,0
26,lbl.,0
98 106,11 2,130,(1 12, .'(17.7
99975.01
oniu itiMt ctftitt o if, all tlies' fu/uret. t Including, for Beaton and Pblia<*lpbla, tbe Item ''due to other binka."
Wt
*
I
Bank Stock
BANKS.
America
\
\m^
194"
Garlleld
160
102
German Am. 122
German Ex. 250
Am. Eich...ll67
BoKCiy
IMt
Broadway...' iUH
805
Bulchs'ikil,-.! 180
141
Central
142
Columbia
(
f?€llllIll,'IC»'...
SlO
170
175
197
110
20U
115
„....., 128
330 ......
(
1
Kiiat liiver.. 170
142
UaLOTer
300
126
1
Ini.
|55'1
Phils.
186
jPhcnlx
185
,
2d, 73, C. &. H., 1893-...
&
&
&
,t Frank.- 1st, 7i
West .Jersey— Ist M., 78..
Warren
W.
117
181)
Nicholas. 122
State of N.Y. 112
St.
123
16Hi Third
Metroiiolla... 325
.Mt. MoirlH ..1200
.Murray Hill. 2U0
2(HI(I
14tb Street.. 160
Fourth
168
280
169 S, Nassau
l.',8
Sew York... 242
122
Tradesmen's. 100
i20
J
'247
West
200
Side..
City Railroad Secnrltlcs— Brokers' Quotations.'
BTckerSt. « l-ui. r. -Slk.l V8
80
D. D 1: B. *B.— Scrip6s-. lot
l»t mort-.
Br'd»
Isi
2d
r
7».,
1900..... 114
St'k..ilS2
Bo
il'lO
:
,
103
I
.1021
B'wii'.
1(14
I
Broe)
li:
ri
Eighth Av.-Stock.. ....... 142
185
108
106
106
100
160
106
Scrip, «s, 1914
A Ornd St. F'ry-Stk.
Ist mort., 7", 1893
110
42d8t. Manh.A 8t.N.Ave.' H9
l^t mot., Os, 1910
116
2d mort.. Income, 68
f9
Hoaat,\V.Bi.*l'.fy-Stk. 165
i"
Ijtmert., 7s, 1894
1(9
Nintti Ave
85
11
Second Ave.— Stock
99
145
1st luort, 5s, 1910
)15
Sixih Ave.— Stock
165
Id^'J
Ist inort., 78, 1890.
105
121
Thud .4 vo.— Stock.
24 5
1128
Bonds. 7s. 1890
1U2
1116
Twenty third St.— Stock. 22(i
1127
l»t mort., 7s, 1893
loa
'
..
.
.i
,..
.
".in
i
.11
lll'J
v.-8tk. 101
:
-t.-
..118
Stk. 125
114
11
1
ry-8ik. 125
108 1109
"1)3
II
I
I
I
Bell's Gap
Camden it
RAILROAD .STOCKS
& Ohio-.
40
1161^
62
110
90
101
Hi7
175
lOH
26:
104
2:"0
110
105
|
\i
«
50
8 46
4 .\ugn8ta
11
RAILROAD BONDS
Atlanta & Char.-lst, 7s. 120
5104H
Income, 68
Bait. * Ohio- 4s, 1935... lOlH
Cliarl. Col.
Western Maryland
3d. 3s
1st Inc., 59,
:
.
-
{
1931
20
26
7
8eab'rt<SRo'u'ke-5a,1926 105
West. Md., 3d piar., 68.. ll^H 121
11S\;
Wil. Col-AAug..68,1910.
week.
.
GAS COMPANIES.
|Bid. lAsk.ll
1C9
70
103
William.^burg
Bnnils.
Mel riipcililan
»T-^
Munii'ipal
120
104
102
I
76
'12»
— llnnds, 78
Fulton Miiiiiciiial
Bonds, Os
I'quitable
Bonds, 6s
SECURITIES.
Bid. Ask.
Calilorula Pacific
Ist mo-t., 4>!i8
2d mort., gnar
112
jN, Y
42
1
...
103
1125.
1113
I8t6e
Keely Motor
* Wilke8.0oal...
N.Y'.
I
I
j
I
.'^..'V.iti'.— ('.AI.Dlv.,6s
.
BuK
V.'.S.A
Loan
&.
liner
N. Pac. P- d'Orellle Div..
Mis ouri Ulvis 0:1
iNorth Kiv.C«in« C.f.scri't.
Smith..
108
28 Ki
Louisv. St Louis A Tex
Hemphi8,£ Cha'at. couaols 117
Ask.
2215
1
7",'
30
.
Bid.
N. Y. & Green'd Liike, Ist
2d mort
I
& AM.— Reiieflciary.
Cluclnnali A Spriiigf
C.V. W.&M.-Cen. U.lst.j
CoTitlnenial C'ju. A Imp..
7
Dttl. S. Shore & At.— Stk.
20
17
Pref
lo
13
Qiorgia Pac.— Stook
112lg 113
1st 6a
83
.^
Consol. 68
....
30 Hi 31
Income 58
2
Kanawha dfc Ohio......
1st pref
2d pref
L
I
128" fl27
102
90
120
38
Little
112
100
120
110
Mex. Nat.Const.ruct'nCo.
JMlcliIgm .» Ohio
Mt. Des.A East Sh. Ld.Co.
,Nowb. Dlltcli.it Couu-.
IN. J. Southern
,N. O. Pac. La: d Grant...
iNewp. N. & Miss. Val
&. Ft.
-Isk
j
11?
103
89
Brooklyn).
1
40
Atch. Jt Pike's P'k, 1st 68 100
87
All. * Char. Air Line
118
1st. 78, 1907
Brooklyn Elev'd— stock.. 34
.
Brunswick Co
Rock
Bid.
ib
People's Tirooklyn'*
I
Stock Excliani^e— Unlisted Sccuyitles.
Lehigl'
Si
2d pref
Central Ohio
Picferred
N. T. and Brooklyn Gas Sccnrities- -Brokers' Quotations,
Cliic
105
LKI
110
1st pref
Atlantic, pref.
SECURITIES.
9?H
t
Baltimore
East Pennsylvania
Elmira & Williamsport...
Preferred
i Last price this
t Per share.
Am. Bank Note Co
42d
'
1
1
105
RAILROAD STOCKS
New York
t
.
-
PBT1,ADEI.1'HIA.
laS
101
Atl.-lsl, 8s
:
Income, 5s
200
135
115
12S
&
Pittsburg Br.. 68 --.
iiAI^Ti.llOICI!.
1
—
173
139
325
Jersov
West Penn.-6s, 1893
96ij Capo Fear* ^ aa.--lst, 68
IOC
1034
SSHl Cent. 01iio-6a, 1890
Char. Col. 4 .\uir.— 1st, 78 Sllflij
Cin. Wash. <t Bait.— Ists-l 99>4
li 5934
2d 5s
107
67
Citizens' GasLiglit
... 100
Bonds, 5s
87
Consolidated Gas
Jersey City & Ilobokeu. 170
116
Metropolitan— Bonds
102
Mutual (N. Y.)
100
Bonds, 6s
110
Nassau (Brooklyn)
100
Scrip
185
Produce Ex. 113
Seaboard
Second
Seventh
lH-i
ShoedtLeath. 162
:.Sixth
250
Texas Uivisiou— 5s.
Iconics
con. Cent.— 1st M., OS
GAS COMPANIES.
G s- Light
1215
!l,;9a 145
Ut-imblic
J;ercautlle...l206
;
iPeople's
,
General mortg. 4a
Pluladel. ,t Kead.-1-t, 6s
C—
Brooklyn
les
240
jPiirk
1
& N. V.Can.— 5s.' 39
& Erie—con. 68...
Penn.
Eastern, Mass.— Gs, new..
K. C. Ft. Scott it Mem.,6s
K. C. Ft. Scott Jt GIf.— 73
KauS. City Law. A So.— 68
K.C. Memph. <fc Birin— 68
Kan.Cit.Ht.Jo.AC.B.— 7s
K. City SpM* Minjii.-6s' ......
K. City Clin. & SiirM.— 5s 5100
Little "R.& Ft. Sill.— 7."...' 101
Lonisv.Kv.A:8t.L.— l8t,68 109
63
2dniort., 2-68
Mar. H.& Out.— 1925, 68., 108
10'
1923, 6«
Mexican Ceu —4s., 1911.
Istcciu. inc. ,38, 193^...
2d coll. inc. Ss, i;>39 -.
N. Y. * N. Eug.-lst, 78
lat mort., 6s
2(1 molt., 6s
Cons., 6s
Ogdens. & L.
Rutland- 58
Southern Kansas— 58
ASH'
N.Y.CoHUty.'450
N.Y'.NatEx. 127
Ninth
150
PaclUo
Mulketdi l''ur2U0
lMeehaulc8'..|200
M'cba'ATrs'. 205
Merchant«'..!155
.Merch'tB Ex. 120
.Meiropolltani 14
B.U
1
N. America. 181
North River. 140
Oriental
210
Hud
174
lltb Ward... 160
FMUl
260
FittbATt... 1100
Ftrat
no
River.. 142
dtTrad's' 535
Irnug.
180
l^-ather Mt,*" 230
'240
Lincoln
.Ma.lls.,nSn..,UO
.Mauhallaii ..178
.-.lO
Cbatliam ....I300
Cbtmlcal.... 10110
City
CltixenV
..
Greenwich..
BA^l KB.
Ask.
Uld.
400
UenuHiila.
1
1
— Latest prices this week.
Aak
Aslniij- Park,
Cba.'e
List
bANb,^
Bid
.
4>-2S, Tiust Lean
Perkiomen-lst se.
1
671,729,4
557,639.6
585,599,"
600.525.3
623,786,
10.085.8
nay
Cons., 7s, couii., 1911--Cons., 6s, g., I.R.C.1911
Imp., 6s, g., coup., 1897.
90
Cous. 5s., 1st ser., 1922.
]20'3l
Di^ferred Incomes, coup
Bait.— Tr. c, 4s
115
115>s Phil. W.
Pitts. Cln.
St. L.-7B,cp.
117Vi
Scbuyl. R. E. S.-l8t,5s-5100
;0l"s Steuben.
Ind.lst u,. 6s
United N. J.— (i. 6s, 1908
?122>s
2,630,6
72.239.2 44,175,3 437,301,73,940,6
73.160,8 43.678,2 434.491,3 3 912,1
72,^,»^,3 4V, 330,6 43'.>, 503,1 !3,015,2
- .022,4 40,1111,0, 430.H23,5 3,873,'
l.'-6,D,67,6e5,51.,0,159,0l422,794,0 3,870,2
l,'il',387,8'
13814
General mort. 7s, 1903. 130
111
N.Y. Phil. &Norf — l8t,e8 5.
52
50
Income, 6s
2518 Penn.-Gcn.68, coiin.1910 129
65
Cous. 6s, coup., 1903 ...' 122\i 124
Trust, (Ss
Bull.
Mo. R. In Nel).—
118 Hi
Exempt, 68
Sloe's
Non exempt, 6a
Land grant, 78
95
California South.— Ist, 6s.
35
Income, 6n
88>.j
Consol. of Verjiont— 5s..
.1,11' 11,5
?.
111
103
118
140
,
North Penn.— Ist M.,
112
75
C5
5 93
90
Plain, 58
LeQnlM. \Depositt.A"i^r^'^ fltarinQ^.
I
lOlH
2U mortif., 78
Consol. M., 6a
Leh.V.— lst,6s,C.AR.,'98
I
Zoan«.
118
C<.n.s., 5a,
* Topeka— 1st, 78..
Collai. Trust, 5s
l60.762.7'64.630.1 412,488,9 »7,605.5;40,159,0 422,794,0
Total.
123
I
"iili
Wiscoimiu Central
Preferred
8,116.li
l,39li.2
& Amboy. — M.
5s.
lElmira ct Wilm.— 1st, Gs..
iHairis. P. il't }.&.l..—if.
B. T.— Ist, 78.
JHunVn
177'
Summit Branch
Vermont, tt Mass
Atch.
78, 1900...
150
175
35
33»(
—
35
V
66"
112
C'hartlera— Ist mort., 7s..
(.•learlleld <t Jeff.— 1st, Cs.
Connecting 6s
pel.*nd.B.-lst,7s, 1905.
Easton
87 >«
53
230
05
111
102
121
Catawissa— M.
93
75
50
Ti\
48
4
—
29<!l
54
53
26
Alb^gh. Val.— 7 3108,'98.
f ne. 7s, end. C(rup.,'94..
Bells Gap 1st M., 7 8
:cam. it Amb.— M. 68.'89..
100
134
70
,
5,821,8
22,135,5
1K2,1|
636,0,
128,ol
1,691,1!
i 86"..,
<!9''»
N. Y. & New Eng., pref.
Nortliern
6,1148,0
3.-101,
Nonli rennsylvania
Maueh' sterA Lawrence.
Mexican Central
8,116.0
1.0,9H4,2
53
73
RAILROAD BONDS.
Filchburg, pref
Flintit I'ere Mar<iuette..
Preferred
Kan. c. Ft. Scott & Mem.
K. C. Menilih. & BInu....
LouisvUUi Evans. & St. L.
..Preferred
Maine Central
1,643,1
721.8
269,0
41,4
294.8
29»,0
196,2
363,8
Miob
Prifiind
19,2.-.0,5
1,504.9
84,2
Nesiiuelionln^ Valley
Nortliern Central
48
28
5
Eastern
2.110,0
2,592,2
202
259
24
113
24,029.4
2,334,4
124,2
W(Mit,
71>4
} ....
Mliiehlll
221,
203
98
23,H!'7,;i
217,0
147,5
142,0
North'u...
5334
69'v
Haven
s.
]9>a
47
4«
17i'
ll>.-
* Passunip..
C'.nuoiticut River
6,3'.'7.7
8-.'8,6
&
*
18>>
Littl.- .Schuylltill
&
Ask
Bid.
Broad Top
d^
Prefer" ed
SB's LehlKh Valley
15
Conneclirut
6.121,1
2,133,1
li\iil.
—
Cleveland ,<t Canton
Preferred
1.8:17,0
3,!>24.0
917,0
320,0
418,1
1X4,3
272,2
MhIho
,v
3,19!',9
15^,0
146.2
2.516,3
079.!l
,t
Bostuu
16ei.>.0
2,866,0
3.010,1
1,8'.10,2
1,267,3
17CS
i!,0o4."
b.OXi),!
106,6
373,0
312,0
685,6
371,7
1,934,2
710,0
360,8
2,646,
3lil.6
600,0
200.0
3,500.0
149,'(
4.351,6
14.979.3 3,983,9
807.4
2,916.0
897,2
3.969,9
413.7
2.859.3
4.036,7 1,220.1
226,8
2,018,6
2.96f,0
497.0
855,6
6.846.8
4.B"8,7
639,5
2.150.0
177,5
22,120.9 4.157,8
21,470,5 3,134.8
171,9
2,032,8
275,9
1,311,5
18,722,4 2,32ti.2
968,0
7,715,0
4,113,0 1,027,0
5,37l!,.'^
1.087,4
22.424.9 3,448,5
7.329,6 1.227,6
l,48J,fi
202,1
51.S,6
2,446.4
lf2,7
exa.i
2(MI,0
1,439.2
3,054.4
15.377,0
12,711.7
4,608,2
8,943.1
2.846.8
13,066.0
6,248,2
58\3
l.iiwill
Confonl
1,331.6
2.7('9.1
86,0
296,4
2,047,0
2,401,6
246,2
943.9
875,1
653,0
447.9
180,9
463,2
857.1
359,5
361,4
251,9
230,9
A
CliU-.
105,5
79.1,3
Albiiny
Best (111
B Jton
3,98f..l
1,968.(1
8,0(12.0
29i>,6
1,247.0
&
38 >a
218>«
CUic.
347,6
250.4
2.002.0
3,6'*2.8
268,8
874.9
27,1811.1
4,179,(1
36i>,3
2.8<'7,B
4I'1,5
6.8UII.7
126.4
12,279.1
6,095.9
1.202,6
300.0
NaUonal..
2,861,1
9,728.4
3.066.1
22,866,5
3,6V3,6
6,189,4
2,027,6
3.645,0
1,S89.'
8,486,6
l,424,b
3.863.1
17,472,0
IC.009,6
200,0
600,0
800,0
200,0
150,0
—
Califui-ui.1 Suiilliern
4.3'«5.0
A
Bixtb Nauoual
9,66.5,.">
8,629,2
1.704.0
153,1
746.1
642.8
A
8eabo«rfl
4,160.0
917,0
1,100 6
38 ),6
2,3o9,"
1,000.0
500,0
600.0
OIU>en«'
600.0
..........
IVMWiU......
750,0
Fulton
Itu-ket
600,0
BV KlcbolM.
600,0
Blioo ± Leattaor
1,000,0
• C3orn ExobuiKO
1,000,0
OontlDentAl
800,0
Orlenul.
ImporMra' Traders 1,600,0
2,000,0
Fork
240,0
Hortli River
250,0
Xaal BiTer
3,200,0
foaitii MaUonol
2,000,0
Ooptial NatioDOl
800,0
Booond National
750,0
Vintb NatiuDAl,
600,0
First Natiooal
1,000,0
Tllllt) National
300.0
B. Y. Nat'l Kxcbange
260.0
Bowerr
200,0
Bow York County...
760,0
O^nnan- American
600.0
Obaoo KatlonaL
100.0
FUtb ATonne
200,0
OMiuan Excbaage...
»l<le
10,1(93,4
296.0
11,361,2
iTTlOg.. .....•> .......
I4B0OtD
Garteld
FUtb National
Bank of tbe Metrop.
1,444,>-
1,93.1,6
1,093,0
1,384,»
BonoTor...
patted sutee
8.023.0
934.9
9.5 W.O
460,0
200,0
700,0
-•
„
RAILltOAI) STOCKS, t
& TupL'ka
719.0
6.831.1)
l.lHV.'.il
BOSTON.
Hnndngton
13,030.0
9,627,0
Atclii.soii
Boiitoii
8BCDRITIK8.
Aak.
1,480,0
626,0
958,1
1.930,0
1,416,0
l,ii3d,t>
20«,'i
6,000.0
6,000.0
1.000.0
1,000,0
432,7
1,600,0
r
ii
1.651.2
1,261,2
800.0, 6,1'41.0
106,5
600,0'
1,0110,01 l,3f4,H
375,3
sou.o!
213.7
900,01
lOI'.O
800,0|
636,1
600,01
6B,1
300,0
4T2.4
1,200.0'
Itonbuu' KTeh>n(e
SatUUn Nttloiul
West
Loom
Suryliu.
OmptUL
Bank*.
[Vol. XLIX.
Quotations in Boston, Philadelphia and Balllmore.
Following are quotations of active stocks and bonds. A fnl"^
list is given in the Cheoniclk the third Saturday of each month
Ba»k SUtemeiit for the week ending Aug,
We omtt two ciphers (00) in all oases.
ia t* foUow*
Il«w t»rt City
Kiali
-
'JHE CHRONICLE.
2B6
COCM
—
t
2»V
lO.I.&W.- Istace.iutcert.
/
2d aec.
int.-
OceauSS. Co. -
1st,
V.-.
67
4t>
cert..
guar
104
5
iPeueacoia A Atiain.M
36
Postal Telegraph-Cable.l
4
St. Louis ds Chicago
25
iref
St. Paul E &Or.Tr..l«t«» 103
Kcioto Val. 1 St. 7»,Tr. rec. 113
2d, 7s, Trust receipts... 8i
11
To.edo i*et»ria <fc s^est... 12
Utah Central.— Ist 6s
Wabash -Now 1 t, 08 ... 103 104
80 >4, 80«
New '2d, 5s
West. N. Car.— Con 68 ... 92 >a 9t
>
.
I
AcorsT
.
.
5
1
THE CHRONICLR
31, 18S9.]
267
Latest
BO ADS.
luuestment
Eamingg
WeekorHo
1880.
Beporled.
1888.
Jan. 1
lo Latest Dale.
1889.
1888.
Oraid Trunk-
'^mlxOitd IttMIig^ttCje.
The Investors' Supplement, a pamphlet of 150 poj/en^
contains extended tuhles of the Funded Debt of Sta'a and
Cities and of the Storks and Bonds of Railroads and other
Companies, It is published oii the last Saturday of every
other month— v'z., January, llarih, May, July, September
and Nbvember, and -is furniihed without extra charge to
all regular subscribers of the Ciiromcle. Extra copi s
are sold to subscribers of the Chkoniclk at 50 cewts eac/(
and
to others at |1 per copy.
The General Quotations of Stocks and Bonds, occupying
iix pages of the Chronicle, are now published on the
third Siiliirday of each month.
RAILROAD EARNINGS.
Latest Eamingtt Reported.
Jan. 1
to Latest Date.
ROADS.
Week- or Ml
AtldisouitPenn Ma.v
May
Alleelieiiy Val
.
& AUjJuly
Auui.ftoii
Aimistou
.
it
Ciu.'Jiily
Ashv.it Spartau,] July
2d \vk Aug
St.L.K.C.&Col. 2i \vk Aug
Gult.Col.&8.F. 3d wk Aug
Califor'a Cent. 2d wk Aug
Atcli. T.
& 8.
Fe..
2dwkAug
Calif or'a Sou..
Total sv.steml.
Atlanta & Cliar.
2d wk Aug.
June
Atlanta & W.Pt. July
Atlantic
i:
Pac.Sd wkAug.
B.&O.E
I'l; L;nis July
We.stern Lines' July
'July
Total
Bait.
A-
'
Potoai.ac July
Beech Creok
July
1889.
1888.
1889.
$
$
$
178,185
7,0 1:
8,59;
11, IOC
395,372
2,432
64,305
18,82J
11,936
519,097
163,31]
7,271
9.81;
366,207
l,51t
1888.
42,56C
852,781
55,63>
63,622
65,897
11,402,887
35,641
$
35,989
798,165
51,919
60,450
5!i,34J
1,951,3211,567,602
17,382
635,296
23,9401
477,118 1,071,008
498,148:15,404,984 14,478,.530
82,646|
709,77(;
624,933
102.53c
23,33J
26,287
226,117
221,009
42,677
54,531 1,704,498 1,722,189
1,455,S9E 1,315,937 9,111,330 8,600,112
.«1,618 2,716,818 2,617,196
407,71C
1,863,609 1,657,555 11,828,148 11,217,308
12.5,232
127,153
912,655
872,584
75.742
38.132
71,079
433,900
545.380
Buff. Roeh.J; Pitt ;3d wk Aug.
38,402 1,230,820 1,214.139
217,71ti
194.501 1,067,334 1,026,.533
Bur.C.Raii.&N i. May
13,124
Cauo V. & Chic. ItU wkJ'ne
12,195
325,145
328,805
Camdi^u &Atl..'July
107,678
106,864
381,872
359,875
wk
305,000
C intidian Pactde 3d Aug.
278,000 8,667,022 7,827.745
28,415
24,887
217,582
Cp F'r.fcYad.Val July
176,266
53.121
Cciit. Br. V. P.. June
60,572
3 ^9,795
418.502
Cen.KK.&Bg.Co July
581,801 499,003 4,009,461 3,768,702
1.312,597 1,256,250 7,352,998 7,012,298
Central of X. J
July
Central Pacific. Ijune
1,326,023 1,331,781 7,117,897 7,200,129
Central of S.C.'June
5,654
50,172
6,931
51,208
Charlest'u & Sav J uue
40,689
300,,'!S5
38,888
323,667
Cbar.Col. & Aug. July
71,5,50
67,595
485,090
492,429
Cliat.R'me&Col. 'June
22,559
1 15,869
Cheraw. & Darl June
4.389
3,769
38,297
37,(i07
dChes. &OUio..lJuly
586,306 442,326 3,184,081 2,862,160
Che.s. 0. &S. W.iJuue
152,322 143,219
940,814
9I2.><9I)
4.">7.
Eliz.Le.x.&B..9.iJune
56,391
77,207
391,017
I
Cheshire
Uiine
00,996
296,919
200,5117
50,835
Ches. & Lenoir .Ijune
4,649
4,742
34,567
38, 199
Chic, i Atlantic.|3d wk Aug.
45,311
43,264 1,317,740 1,417,974
Chic. Burl. & No June
141,861
174.004
932,295
795,302
Chic. Burl. & Q.lJune
2,109,207 1,953,934 11,962,777 9.975,9(i0
Lines coult'l'd 'June
574,853 491,906 3,383,749 2,559,208
Chic.& East. 111. 3d wk Aug.
65.155
60,272 1,598,054 1,017.2(19
Chic. Mil. & St. P. 3d wk Aug.
503,000 451.434 14,497,918ll3,84s.719
Chic. AN'tUw'n. July
2,267,573 2,149,667 13,378,363 13,t;27,0!13
Chic. ifcOU. Riv.lJuly
4,910
3,353
40,109
25.755
Chic. Pe. & St. L. May
28,016
25,117
135.9^9
li7.it;o
Chic.St.P.&K.C. 1st wk Aug
66,130
45,423 1,620,277 1,1 ML', 1-13
Chic.St.P.M.&U. July
507,.594
550,630 3,246,685 3,341.8)0
Chic. & \V. Mich 3d wk Aug.
25,638
27,183
857,537
874,819
Cin.Ga. &Ports.lJuly
5,937
6,357
33.846
34,181
CIn. Jack. & Mac 3d wk Aug.
15,352
13,427
365,918
313,081
Cln. N. O. & T. P. 3d wk Aug.
76,148
61,611 2,300,432 2,232,570
Ala. Gt. South. 3dwkAug.
33,005
23,312 1,114,641
932,715
N. Orl. & V. E. 3d nk Aug.
14,711
9.184
599.64
508.430
A.la. & Vicksli HdwkAug
9,018
333.001
6,038
272,021)
Vicks. Sh. & P. 3d wk Aug.
9,536
2911, (Kll
9,760
324,810
Erlaiiger Syst. 3d wk .Vug.
112,4 48
109,905 4,672,585 4,2M,8.iO
Cin.Kich.Ji Ft.W 3dwkAug.
25.',3.S7
9,454
8,545
276,922
Cin. Sel. \- Molj.ljulv
5s, 177
5,473
8,335
54,290
Ciu,Wal).&Mlch,|July
49,200
40.817
287,779
203,108
Cin.Wa.sh.A Bait !3d wk Aug.
48,471
43.278 1,374,433 1,201,74:.
Clev. Akron.tCol 2 wk Aug.
379,5s
14,103
12,550
435,783
Clev. i- Canton.. '2 wks -Vug.
18,621
13,356
251,634
228,329
eCl.Cin.Cli.A S.I. 3d w.c Aug.
247,885 239,819 5,370, 53 5,033 827
Clev.* Marietta July
21.410
21,448
139,287
154.533
Color. Midland.. 3dwkAug.
33,500
23,037 1,025,861
818.835
Col. & Greenv
.Inly
43,900
36,897
384,175
328.707
Col. & Cin. Mid.. 3,1 wk Aug.
8.293
205,351
7,889
203.826
Col. nock.V.A T. 3(1 wk .Vug.
00,447
76,330 1,489,855 1,751.291
Coving.A-.Mac'n. 'June
5,912
3,094
19,314
41,988
Day.Fl.W.AChi.'July
38,643
32,374
265,655
223.277
Denv. & Rio Or. VMX srk Aug 1 19,000 154,.500 4,711,781 4,(i90,0lll
Denv..S.P'k(fePae June
86,099 104,606
387,322
511.358
/Dcn.T.x.tk F.\V.i3d wk Aug.
68,338
38,282 1,376,021 1,012,378
Det.Bay C.& Alj, ttU wk J'ly
15.833
16,439
2S3,(I00
311,512
Dct.Lan.s'g.tNo 3dwkAug.
59S.1SO
22,38 I
21,191
670.425
Duluth S.S.it Atl 3d wk Aug.
821.7S1
49,921
l,099,HI8l
45.030
E.Tonn. Va.AGa. 3(1 wk Aug. 118,699
99,821 3,665,222 3,418,017
Evans.iSiInd'plis 3d wk.\ug.
7,174
6,374
175,4 Ml
146,370
Eran.sv. & T. H.'SdwkAug.
20,229
23,023
542.392
533.5!17
Fitchhurg
(July
522,024 469,770 3,168,609 2,910.017
Flint..V: P.Marf|.'3dwkAug.
44,5fl8
41.088 1,.505,76s l,550,2(iO
Flor. Cent. * P. |3d 'vk Aug.
697,07H
()57.;i63
16,261
11,551|
Ft.W.Cin. &L..ljune ......
24,531
21,774
139,914
1J5,760
Georgia Pacific. .July
105,.594
93,840
731,461
693,645
Geo. Sii. A Fla..ijuno
22,043'
121.666
Gr. Kap. & Ind.. 3dwkAng.
53.619,
48,800, 1,457,429 1.416,523
Other lines
i3d wk Aug.
12l!,l(i2
12M.H41
3,617
3.899,
Grand Trunk.
A'k .\ug. 17
15,481 370,015 11,893,216 11,003,209
Chic. A Gr.Tr. Wk Aug.lTl
72,032
53,635! 2,143,5.-9 1.076.5;(6
. .
1
.
!
.
i
1
1
.
1
.1
1
1
.
.
.
.
. .
'
.
$
«
21,774
Det.Qr.H.& M. Wk Aug. 17
23,846
612.002
600,320
June
Ilou.satonic
97,710
96,415
517.7081
484,047
180,018
167,955 1,183,391
lldUs.A TiN.Con Jiuie
997.4,39
12,000
IIuuie.-<t'uA-8hen July
9,919
72,300
80,19a
Ill.Ceii.dll.ct.So. .luly
1,061,049 888,306 7,467,819! 6,339,900
6,906
8,480
Cedar l'..\iMin .luly
49,988
51,058
120,386 142,997
l)ub. &8lo'xC, •Inly
891,566
011,030
July
127,292
151,483
941,5541
Iowa tines
962,71 '2
1,188,341 1,039,8 49 8,409,373; 7,302,072
Total all.... July
31,215
200,400
Ind.Dec.<feWe»t July
27,293
192,284
253,740 210,149 1,777,711
Int&Gt. Nor.. July
1,505,H06
37,313
28,401
877,44'J
Iowa Central.. id wk Aug.
830,890
6,277
Kanawha.t Ohio 2d wkAug.
7,012
143,047
147,038
03,411
70,631 2,802,291 2,513,641
K.C.F.S. & Mom 2d wk Atig.
3,195
4,407
155,792
Kan.C. Cl.&Sp 2d WkAug.
154,930
21,170
13,802
K.C.Mem. &Blr. 2d wk Aug.
35,960
28,246
K.CWy. &N.\V July
226,070
141.010
79,282
79,872
KontucKV Cent June
453,170
443.962
7,433
KooimkA West. 2d wk Aug.
5,767
190,754
185,312
2,771
3,205
119,201
Kingst'n & Pern. 3d wk Aug.
110,76«
44,893
38,1.33
238,888
Kuoxv. <fe Ohio. May
198,366
4,465
5,145
L. Erie All. & So July
34,2.50
31.467
57,1—
56,68'
L. Erie & West.. 3d wk Aug.
1,526,639 1,256,454
28,3 iO
21,018
151,560
Loh!gh& Hud.. luly
138,116
12,736
13,781
3 16,322
L. Rock & Mem. 3d wk Aug.
421,301
July.
444,117 433,727 1,877,274 1,848,292
Ix)ng Island
36,949
33.281
193,297
La. & Mo. River. June
205,619
29,401
25,540
539 223
Louis.Ev.A' St.L. Ifhwk J'ly
526.052
364,770 283,370 10,785,546 9,955,390
Louisv.tt Nashv. 3d wk Aug.
48,950 1.43s,835 1,342.220
51,815
LouIs.N.A&Ch. 3d wk Aug.
42,842
Louisv.N.O. iteT. 3d wk Aug
33,958 1,532,529 1,373,993
26,558
Lou. St.L.ALex. July
26',0'io
Loulsv. SoiOiru. July
31,000
Memphis * ( 'has 2d wk Aug,
33,001
30,095 1,007,939
953.115
110,301
107,505 3,920,93.'' 3,722,972
IMexiciin Cent... 3d wk Aug.
299,464 171,753 2,130,491 1,323,898
;Mcv. NLitiiuial July
:.
JMcxicaii li'way Wk July 27
75,886
70,508 2,407,248 2,288,413
85,260
67,560 2,120,333 1,681.236
Mil.L.Sh. A- West 3d wk Aug
21,500
21,431
Milwaukee &No 3d wk Aug.
713,785
651.113
9,930
9,433
61,443
Mineral llange. July
52.,52l
Minncap.&St.L. July
119,787 109,634
711,167
725,055
84,333
110,705
749,350
M.8t.P. &8.S.M. July
483,265
626, 34
509,990 3,707,435 3,417,432
Mo. Kan. & Tex. July
204,933 179,282 1,681,951 1,380,140
Mobile & Ohio.. July.
04,200
73,844
344,142
373,162
Montana Union. June
299,209 262,584 1,964,110 1,752.599
Nash. Ch.& St.L. July.
2,410
2,247
82,850
69,845
Natchez Jac.&C. ;ld wk J'ue
87,504
80,969
432,659
New Brunswick. June
403,036
N. Jersey &N.Y. May
21,335
18,950
87,208
86,620
New on. & Gulf .Inly
10,570
9,207
92,662
88,160
2,8.50,191
19,732,064
N. Y. C. & H. R July
10,473,824
2,951,919;
July
N. Y. L. E. &
,538,440 2,378,709 14,73.5.022 15,225,380
N. Y. Pa. & Ohio June
549,128 538,717 2,915,1921 2,902,976
N. Y. & N. En
July
492,089 404,991 3,091,177 2,906,766
N. Y. &Xorth'n. .miy
58,9.59
341,125
310,050
50,865
.\. Y. Out. &
3d wk Aug.
47,010
43,558 1,134,568 1,050,.533
:N.Y. Susq. &W. June
116,180 1 13,039
600,931
659,037
Norfolk & West. 3d wk Aug.
136,754 117,875 3,357,015 3,046.237
33,274
43,041
328,115
341,801
N'theast'n (S. C.) June
..
North'n Central. July
543,804 502,345 3,259,105 3,402,488
Northern Paoillo 3d WkAug. 451,690 370,140 12,304,382 10,153,470
835,0771
Ohiolnd. & W.. 2d WkAug.
32,64
30,175
861,389
Ohio & Miss
3d wk Aug. 107.339 101,503 2,435,5081 2,398,583
Ohio & Northw. July
116,425
103,003
19,130
10,00 J
Ohio River
274,259
3d wk Aug.
14,490
338,920!
12,619
302,334
Ohio Southern.. July
32,717
277,710!
35,559
Ohio Val. of Ky. 4th wk J'ly
68,688
6,157
4,535
78,083
193,552
Omaha & St. I June
39,052
32,318
221,349
Oregon Imp. Co. May
405,138 452,154 1,034,984 2,000,414
Greg. R. A N. Co. Juno
541,473 530,i97 2,660,953 2,792,878
Greg. Short Line •lune
289,736 227,021 1,462,376 1,175,776
Pennsylvania .. Julv
5,241,074 4,822,412 33,2 1 5,9 1 1 32,080,017
Peoria Dee.&Ev. 3d wk Aug.
409,923
438,719
15,860
15,80 4
July
258,917
Petersburg
288,644
36,0761
36,339
PhUa. & Erie... .lune
318,926 431,172 1,960,735 1,898,174
Phila. & Read'g. July
1,804,311 1,743,553
Pittsb. A West'n June
580,276
679,509
114,790; 107,730
Pitts.CI(<v.*T. Tune
216,451
40,120
243,391
39,791
101,806
Pitts. Pain.itF. June
142,163
27,670
28,830]
Total system id wk Aug.
40,959
43,.549 1,300,283 1,214,383
]s,0'29
Pt. Royal & Aug. June
153,025
173,734
14,675
156,879
I't.Roy.&W.Car. Juno
179,249
17,496
16,925
I'rescott & Ariz. July
52,780
8,821
75,040
9,149
fR.&Dau. Sy.s'm 2d wkAug. 235,173 215,271 0,585,598 5,847,160
155,912
Rich. & Petersh. July
169,404
23,039
23,687
25,9""
Rio Grande \V.. 3d wk Aug.
773,762
29,.550
809,445
Rome W. A Ogd. June
281,379 297,336 1.539,283 1,499,267
646,064
St. Jos. &G. Isl. 3d wk Aug.
34,409
25,844
718,903
549,825
St.L.A.&T.H.B's 3d wk Aug
24,010
025,591
18,839
5.s,8(>,"
1,644,106
St.L. Ark. & Te.K. '3(1 wk Aug.
09,899
1 ,924,087
3,400,471 3,315,575
St.L.&SauFrau. 3(1 wk .Vng,
127,991 111,98:
024,44"
8 11, .528
St.Paul&Durth July
120,357 181,595
St.P.Min.&Man. luly
638.789 825,208 4,030,473 4,915,367
2d
wk
Aug.
24,770
18,216
085,310
500,806
S.Aut.&Ar.Pass.
8. Frau.&N.Pac. J wks Jul\
55,694
48,081
Sav. Am. A- Mon. July
47,604
14,295
7.699
100,181
.Sciotfi Valley... June
312,185
43,971
49,718
300.386
Heattlo L. S. & E. 2d wk Aug.
4,217
153,401
7,743
Shenandoah Val July
71,512
477,871
458;972
85,000
South Carolina July
7-.:3,434
676,914
90,661
83,211
—
.
1
W
W
i
.
So. Pacific
Co.—
Gal.Har.&S.A. Julv
Louis'a West.. July
Morgan's LA: r. JiUy
N, Y. T. & Mex. JiUv
Tex. & N. Orl. July
Atlantic sys'm July
Pacific system June
Total of
So. Pac.
June
all
RU.—
Ko. Div. (Cal.) Juno
So. Div. (Cal.) June..
Arizona I)iv..jJune
New Mex. Div. June
Spar. Un. & Col.;Juue
Statcn I. Uap. T. July
189,246
495,591
127,356
67,843
6,843
125,905
98,389
54,570
Summit Branch. July
LykeiLS Valley July
Texas & Pacilic.
Tot. A. A.& N. M.
Tol. Col. & Cin .
30 wkAug.
3d wk Aug.
3d wk Aug.
lul.tfc Ohio Cent. 3d wk Aug.
Tol.A O.Cin.Ex. July
.
;
Tol. P. A- West.. 'Jd
Tol. St. I,. A K.C. 3d
WkAug.
wk Aug
Union Pacitlc...|July
Total
266,322
71,125
335,526
9,793
109,421
2,081,021 2,120,803
516,432
578,762
2,769,988 2,773,038
79,053
62,448
773,672
896,550
r92,191 6,405,374 6,246.460
2,841,152 2,950,619 15,709,784 16,602,073
3,604,768 3,721,714,21,277,481 22,056,353
280,574
88,928
306,403
14,302
147.409
897,076
s.vstemt'.;
'
June
'.'..'.'..
1 1
1
,828
20,1 IS5
4,874
•30,412
8,970
19,183
33,019
2,716.578
'3;'i46;289
182,368
5.54,078
155,598
84,842
5,3571
145,263
107,130
57,105
948,262
2,960,303
930.737
484,8.52
65,339
534,240
679,883
888,892
3,388,4.59
1,130,098
540,839
47,900
514,196
812,333
582,59*>
457,378'
3,701.313 3,676,349
570.2S4:
378,348
14,083
1 10,4-23
150,751
4,005,
709.901
715,056
22,863
7,92 1
508,430
17,521
529,7 1
15,809'
594,720
299,014
2,544,004 15,405,265 16,037,644
3,'203;963 16„54 1,359 17.439,111
1(17,504
1
1
. .
THE CHRONICLE
268
Jatl. 1 to Latest Dale.
Bttming* Btporif
Lattti
BOAM.
Kttkor Mo
1889.
1880.
1888.
174,172
180,400
56.613
56,7581
VuUry July
Vlntliiltt MlillM.
July
10,832
175.800
Wabiub lUtlWy
Jiiuo
550,240
V<^r^m>IlI
H<l wk Aug.
•Walwiih
Waah.O.<& Went J uly
Weateni of Ala. July-
WMt. K. Y. 4i I'u. .Sil wk Aii«.
We«. S. eaiTo. July
July
West Jera<>r
W. V.Om.A-riit.". J Illy
16..J74
1
l.tMiO
WtaeeUng & LE. 3<l wk Aug.
WU. C«I. A Auk. June
Wineousln tvnt
08.6011
.
9y^^,L'09
2.911.91)6
7,289,172
2,055,402
307,978
8J 1,161
1,914.K19
4.3.248
41>^,ia5
331,616
857,172
338.120
17,332
50,340
80,016
550,438
439,684
2.415,095
2.2'>0.S9a
.546,736
399.KS7
: Mexican ciir
t luclu'tlOK lines lu which half ownership U held.
* Include.^ the Mi'Tiiiiuls
aWabanh R'wav now Included.
tenoy.
r Earnincs of entire Hyateiu. IncludtuKall ro:«l(ii>erdlTialoo in 1889.
te<L a Klcbmoud A AUeKhenv In-iludcd lu botJi years. J Includes Fort
Worth 4 D. C. for first three mouths In both years.
the net earnings reported this weeij, the r-^turns
each road being published here as soon iis receiveii, but not
bept standing from week to week. The figures cover the
-jtest months and the totals from January 1, and also the
totals for the fls.'al yearon those companies whose ftdcil year
does not correspond with the calendar year.
July.
^Jan. 1 to July 31" ~,
I
.
WobKh.—The latest weekly earn.
ings in the foregoing table are separately summed up as toUowa.
The returns are growing more rather than less favorable.
and for the 3d week of August there is an increase of 12-08 per
cent on the 66 roads which have thus far reported.
Bait.
& Potomac.
Camden A Atlantic
.
ugutt.
'
1889.
1888.
S
AUanttoA
Paclflc
Bollklo Rooh. <fe Pittsburg.
Qftnadlan PhcIHo
%Ma»fOii
Atl4l:tl0
Chlo.* East. lUlnoU
Ohlom<ro Mil. JiSt. Paul
A West MIeb
.
..
. .
OnolnnaM Jack. A Mack.
A
Cin. N. O.
T. V.
(.i
A
Rico
Oiiicinniiti
r'ds)
Ft. W.
Oln. Wasb. A. Bait
Cleve. Cin. cb. A 8t. L..
OolorHdo Midland
OoL A Clu. Midland
OoLH. Val. A Toledo
Denver A Kio (iraudc...
Den. T A Fi.W.-No.Ulv.
Middle Division
Boutberu Division.
Detroit Laa-iuK.tNo
Dulutb 8. 8. A Atlautlo..
EastTeno. Va. A Ga.
KTuuvlUe A ludianap..
Bnuuvllle AT. H
Flint
A Pere
Marquette.
Fla.Cent.A-
arand
Piiiiiisiila.
A
Rapiils
..
Indiana.
Other Hues
'Grand Trunk of Canada.
'CblcaKoAGrand
Tr...
•Detn.itOr. U. AMll...
Iowa Cent lal
Kingston
Peiubrotto
Lake Krio A Westeri)
LltUe Koik A .Mempllis
,\:
.
toulsvil..- ANa-bvllle ...
e N. All).
Chlo
A
LoulsvU
Lomsvilic
O A Texas
.N
Mexican Ccntrai
Milwaukee L. Sli.AWest..
Milwaukee A Northern..
N. Y. Out. A West
A Western
Morthera Pacido
Ohio A Missiasiiinl
Norfolk
OhioKlver
PeorUDec.
A Evans
A West., tot. ~ysi'ui
Gruudo Western ..
BU Joseph A <ir. IsUnd..
St. L. Alt. A T. U. Brclis
Be. Louis Ark. A Texas.
Bt. Louis A8sn Fran ....
Ittxaa A Paoiflu
Toledo Ann A. A .Vo. Mich
Toledo (X)l A Cui
PltU.
Kill
Toledo
Toledo
A Ohio Central .
8t.
A Kan. C...
1,.
Wabash
.oonsfil. ntsteiu).
Westeni N. y. A Penii
Whaellng A Lake Erie....
Wlsounsm Central
....
Total (60 roads)
Increase (12-08
at
42.677
3 ',132
305.000
45,311
65,155
503,000
25,638
Inereate.
t
43,264
66.2T2
431,434
27,18
13.903
16.674
7,261
7,0.
3-.i,741
23.969
4 4, .508
l«,-i61
53.649
3,899
415.481
72,052
21.774
37.313
2.776
57.171
12,736
861,770
51.815
42,842
110,361
85.266
21,500
47,010
136,751
451.690
107,339
14,490
15.866
40,439
2l.li)l
45.030
99,821
6.374
23,0i3
44.0=8
11.531
48,800
3,617
370.615
53,655
23.846
28.401
3.205
56,657
13,781
283,370
48.9.-)0
32.95.-
107 ,.565
6 :,560
21,421
43.5.58
08.601
117,875
376.146
101.563
12,619
15.801
43,549
25,975
25.844
18.839
58,865
111.083
107,604
14,682
4.005
22,862
13,809
288,242
73.400
17,332
80,U18
5,231,946
4,668,113
29..550
31.409
24.610
69,899
127,991
111.828
20,085
4,874
30,412
32,019
300,173
78.300
19.363
p. c.i
For week eodlne AuguSt 17.
For the 2d week com plete ther e
87 roads.
270
27,00«
2,047
1,117
,..
51,366
1,545
.
13,42.
6t.447
149 OiO
22,381
49,921
118.699
7,174
20,229
1,S57
3B.40-.'
278.00(1
109,905
HfiXh
43.278
239.849
23,037
7,889
76,330
13 4, .500
8.2!>3
1
i.923
32,543
909
5.193
8.0 6
10,463
404
15.883
5,300
6,642
9.623
8,772
1,193
4,891
18,878
80i)
2,794
4,710
4,^49
232
44,866
18.397
2,072
8,912
429
484
1,045
81,400
2.865
9,884
2,796
17,706
79
3,152
18,879
75,544
5,776
1,871
62
.
Net .
Mexican National.. Gross.
2d
WM*
0/ A'agntt.
Frev'lT reporfd (73 roads)
Atch T A
A
8. F.
8t I,ouls K. C.
Gulf
Col.
A
l/sed I's.
A Col ...
Santa
|-e..
California Cenlial
Califiirul,i 8iiiiiliirn.
..
Clevcliihd AkronA(;ol..
A
Col. H. Viil.
Toledo....
Kansas C. Ft. 8. A Mcui ..
Kaniias r. flin.
,1lliu.
OhlM
",\i
A
.V
S|.r
...
'"•
„.
W.a.cni
.t
....
Ar. Pass..
Total 187 roads)
Hst increase
AWest'n
~
881.925
839,449
basis. .
op- ratcU on a
Oot. 1 to July 31, (Gross
663,053
630,624
191,463
45,911
174,058
45,531
less pro.
%
InereoM.
«
5.244,681
4,775,545
366,207
1,516
311,856
29,165
59,-a4t
4,961
1,442
396.372
2.432
64,305
18,V24
11,936
14,103
63,790
93.411
SlS.-i
(9
24
p.
c).
10.141
33,061
17,382
23.910
12,556
79,960
76,631
4,107
13,862
10 months
) Net
Net less pro. due roads
82,645
24,770
30.095
30.175
18,216
6,033, 8j2
5.523,617
3,686.844 3,t)62,474
21.699,488 22.398,433
7,511, 'iOo 7,797,260
1.000,'215
1
INet
10 months
Norfolk A Western .Gross.
457,730
178.208
543,004
216.804
407,286
80,.i36
78,244
5,'32,185
931,526
140,158
107,992
,402,1163
1,3-28,240
175,758
2,985,424
1,059,764
3,259,105
1.059,759
33,245,911
10,266,125
288,644
69,181
386,302
163,006
2,731,261
1,058,' 01
155,90.}
Net...
3,462,483
Gross.
50 2,345
1,115,869
210,849
Net...
37,6'*0,617
Gross. 5,241,674 4,822,412
Pennsylvania
10,291,171
Net... ],85;),654 1,598.408
258,917
36.339
Gross.
36,076
Petersburg
100,141
Net...
10,537
12,523
353,171
Oct. 1 to July 31, > Gross.
110.-204
147.430
<Net...
10 months
Phlla. A Beading
G oss. 1,804,311 1,743,533
Net...
901,327 802,563
4,563,369 ?. 158,665
Dec. 1 to July 31. .Net...
169.401
155,912
23,687
Rich. & Petersburg. Gross.
23,039
50,329
60,918
9,611
Net...
4,345
240,8'<0
214,986
Oct. 1 to Ju'y 3 , » Gross.
8J,467
91 ,405
10 mouths
>Net...
Boutheru Pacific Co.—
Gal. Har. & 8. .\nt. Gross.
2S0.574 266.322 2,081,021 2,120,893
471,831
306,491
Net...
53,512
29,474
516,423
71.125
578,762
Louisiana Western. Gross 88,928
19l,ii02
237,710
Net...
48,830
29,373
Morgan's La ATcx. Gross. 366,403 335,526 2,76-,988 2,773.038
789,197
748,378
Net...
84.402
71,799
62,448
79,0.53
N.Y. Texas & Mex. Gross.
14,302
9,793
Net...
851 def 5.247 def. 2' ,313 def. 37,746
773,672
896,530
Tex. & N. Orleans Gross
147,469 109,424
286,' 68
187,361
Net...
22,643
70,305
897,676 792,191 6,105,374 6,246,469
Atlantic System. ..Gross.
Net. .
267.920 148,142 1, 50.5,683 1,048,332
Gross. 2,716.578 2,544,1 64 15.495,-2(i3 16.037,644
Union Paciflc
Net... 1,300,294 1,029,995 6.070.O-25 5,9a7,381
857,172
191,052 191,201
820,161
Northern Central
6,615
5,676
June.
1889.
1888.
.
231,383
60,920
^Jan.
313,776
1 to .j'jiue
1889.
30. ->
1888.
& Ohio*. Gross.
Rich.A AUeghany.Gri ss
331,156
40,082
76,«39
Expen
es include large
341.399 2,039,589
340.171
37.833
558,186
53,8 9
71.449
13,905
221,349
32,318
61,799
8,668
i
I'l
4-^3,220
20,196
1.1,087
66,
2,148,924
330,609
270,918
51
,349
193,558
21,441
432,090
167,687
amounts spent for bottennduts aud renewals.
GENERAL INVESTMENT NEWS.
45.102
DeertuK.
«
4-2,720
.
...
1 *'r>
7,314
3,640
2,470
6,554
75,740
—
Alabanisi Midland. Messrs. James M. Brown &-Co.,of
York, wlio are building the main line of this road from
Bainbridgo, Ga., to Montgomery, Ala., have been given the
contract of constructing the extension from Montgomery
northwest through Maplesville to Tuscaloosa, Ala., a distance
of about 110 miles.
New
16,176
585,971
Oit. 1 to July 31, (Gross
*
1,547
310.225
930,429 1,147,760
7.352.998 7.012,298
3.191,162 3,0)3,188
2.136,401 1,323,898
377,308 df. 1 29,866
14,735.022 13.225,380
5,004,732 5,276,893
5,584,793
basis
A Wesfn.Oross.
.
16.781;
"2,986
N. Y. Out.
Net. def.15,297
39,052
Omaha & St. Louis.. Gross.
Net.
11,3!15
84,851
St. L. Alt AT. H. Br's Gro.^s.
Net...
33,134
12.001
13.781
.
Net...
a gain of 9-24 pe r cent on
«
6l-2,7'J7
Net ..
due roads
Net
Chesapeake
7.550
16.210
11,931
2,900
2.033
18,583
«
21.176
San Autonio
N, y. L. E.
604,237
.
869
1888.
.•ii
127.153
42,078
1« 0,864
Roada.
3,575
8,563
5,771
11,034
16,008
4,324
5,403
1889.
$
299,164 171,7 ->3
N.t...
38,541 def.1,789
Gross. 2,538,440
2,3 78,769
'
Net...
•
is
107,678
..Gr. »8
Whitebreast Fuel Co. Net...
2,590
608.935
563,833
28,15'i
1889.
1888
$
872,R84
912,635
2 18, ,577
268.197
381,872
359,875
40,91'
62,475
43,929
1,188,355 7,745,022 7,0-21,745
401,029 2,581,470 l,514,8i'9
499,003 4,009,461 3,768,702
144,277
b0l,5-6 1,081,945
1888.
1
480
..
Gross.
Net...
Net...
*
9
54.534
15,3.52
112,448
a.454
4^,471
247,885
33.600
DecreoM.
$
123,232
Ntt...
43,803
CanadUn Paeiflc. .Gross. 11,375,528
Net...
604,048
581.801
Central of Georgia. .Gross.
N.t.
86,486
Net,
Including income
from iuv^stuients
95,827
141,277
Cent, of New Jersey Gross. 1,312.597 l.?56.2.i0
oierateiona%
A.
.
1889.
Riadt.
Latest Uro88 Earoluirs by
Sd veek of
iilX,
Net Earnings Monthly to Latest Dates.— The tables follow-
60,48.1
256,J38
68,200
72.837
10,305
52,061
92'<.3r)6
326,743
98.435
277,681.
78.3011
u
ng show
1888.
29,430
73,400
48,910
101.201
20.01
191,0.52,
:t<l wk Aug,
913,047
354,637
102,543
154.928 1,139,070
506.3461 3,1>3!I,771
2H8,242 7,703,021
62,020
10,813
3(K>,173
[V
for
$
Utah A North'n. June
ValU-y.if Olllo...Illly....
ChlcaKO
9
.
.\tchisou Topeka & Santa Fe.— Mr. William B. Strong
resigns from the jiresidency of this company on Sept. <i, and
his place will be tilled by Mr. Allen Manvel, General Manager
of the St. Paul Minneapolis & Manitoba Railway. Mr. Strong
has been one of the leatling railroad men of the West, and
retires from his position with an unblemLshed reputation and
with hosts of friends. As to details of management of the
Atchison Company there may have been some difference of
views between Mr. Strong and the directors which has led to
this business separation.
Mr. Allen Manvel, who is to succeed Mr. Strong, was bom
in New York State in 1837.
He entered the railway service in
March, 1859, and up to May 3, 1881, was employed on the Chicago Rock Island & Pacific, rising to the position of Assistant
Superintendent. Since 1881 he has been General ISIauager, and
is now First Vice-President and General Manager of the St. Paul
Minneapolis & Manitoba Railway. He is a thorough railroad
man, and his appointment is well received in New York and
Boston,
—
ArorsT
31,
.
THE CHRONICLE.
It'SO.j
Hell T((l«>i)l>oiie.— Tliis company has issuRd a call for a
stockholders" in(?<'tinK, Sept. 13, to accept the act of the LcKi"*latiue authorizing the increase of capital to $30,000,000, aud
to vote iiixin the sugsostion of the directors that the issue of
.?3,.'500,000 new capital be made, rights to exist after Sept. 13.
lioston & Miiiue.— Norlli«rii iV. H. It is probable tial a
ineetinc; of Norlherii Railroad stockholders to ratify the lease
to the Boston
Maine will be h<'ld some time iu September.
It is uti<lers!ood that tlie lease has not yet been e.Kecuted by
the ofTicors of the corporations, b-it its provisions are said to lie
&
substantially the same as those of the contract under which
the Niirthern is now being operated. The rental, it is said, is
to Ik? .) per cent for 10 years and
per cent for the balance of
the term, but the two years during which the contrajct ha.s
l)e<'n ill force will be deducted from the 10 years at 5 per cent,
leaving eight more years at that rate. Boston Journal.
—
289'
Directors.
The committee represents 60,168 sliares out of n«,968 shares. The total representation of stfx-k wiia 07,748 shares.
Mr. J. J. McCor)k, in the course of his remarks, said that the
Ijooks showed that Mr. Shaw held only 100 shares of the oom])any's stock, his nephew Shaw only 10<) and Mr. J. O. Mass
only 13, while Treasurer Cott held none.
Besolutions were finally carried unanimously calling? for the
resignation of President Shaw and Direct<jr8 William P. Shaw,.
W, N. Cott and J. O. Moss. The stockholders' committee were
also directed to employ counsel to protect the interests of the
stockholdei-s. pir. J. O. Moss since states that he is in hearty
co-operation with the stockholdei-s' movement.]
After the stockholdei-s' meeting Messrs. Ryan and Davis meC
President Shaw at the company's office, and Mr. Shaw refused,
to resign.
Geneva Ithaca & Sayre— Genera & Sayre.— At Albany, N.
Aug. 28, a certificate of incor])oration of the Geneva 4;
Sayre RR. Co. wa.s filed in the Secretary of State's office-. Gee
M. Diven, of Elmira, having 5,989 shares, and Wm. Stevensil
IBS--.
.p'P-'.OUi of Sayre, Penn., having 5,988 sliares, are the princiixil stock124,!)10 holders of the road, which has a capital of §1,200,000.
Thia
company is formed for the purpose of operating the Genevt^
$a7,ir(i
403 Ithaca & Sayre Railroad, with rights, privileges and franchises connected therewith, which has been sold under a.
.1i67,50!)
mortgage foreclosure.
Houston & Texas Central.— Notice is given to the holders
$68,452
l,r-> 'O
of the existing capital stock of the Houston & Texas Central
74
lirookb n Kleviitcd. The rejjort below for the quarter ending June 30 has been filed with the Railroad Commissioners
Y.,
:
1889.
Oro.'is o.irniiiffs
:i!274,7(i9
OperatliiK expanses
173,451
Ntt eariii gs
Oth-r income
^10I,:U.t
Tothl income
nidiict—
Interest
$10^,331
l,Oi(!
$68,098
Taxes
l,i)l«
Ueutals, (to
34.391
Total
$104,90)
.1(70,035
Balance
df.if2,574
dif. .'g2,5'26
Called Bonds.— The following bonds have been called tor
payment:
New Orle.^ns City. Sixty premium bonds numbered as
below were drawn July 31.
—
Nos. 11, 102. 177, S92, 495, 593,
1,6 p, 1,7S8, 1.972, 2,124, 2,269,
3,921, -1,032. 4,13i, J,250, 4..i33,
.'*,-22u>, 5.3i>5, 5,36-', 5,528, 5,7 U.
7,039,7,263.7.136. 7.712. 7,S55,
8,411, 8.S20, 8,>j44, 9,173, 9,342,
Charleston
Shay
Cincinnati
&
&
706, 793, 1,152, 1,396, 1,463,
2.359, 2.418, 2,599, 3,401,
4,825, 4,847, 4,063. 5.07(i,
0,098, 6,3(i7, (=,38', GfiV),
7,915, 8,18ii. 8.328. 8,331,
9,947, 9,905. 9,900.
Cliieago.— Messrs.
1,507
3,551
5,173
6,«r,l'
8.341
McDonald,
Co., of Nashville, have taken the contract for the
construction of this road between Rutlierfordton, N. C, and
Minneapolis, Va.. a distance of 300 miles. Work has begun,
and it is expected to have the whole completed in eighteen
months. Messrs.
P. Dinavant and
Tate, Jr., of Memphis, are associated with the contractors.
The estimated cost
of the work, including equipment, is .^0,000,000. The line runs
through the rich mineral belts of Virijinia, Nor.h CaroUna and
Tennessee, and will concect the celebrated Cranbeny ore mines
of North Carolina with the Flat Top coal region of Kentucky.
The C. C;.
C. are now operating 130 miles of road, extending
from Rutherfordton south to Camden, where connection is
made to Charleston. The Boston Safe Deposit
Trust Com-
Wm.
Wm.
&
&
Railway Company that they may within the time fixed belowpay to the Central Trust Co. the amounts payable under theninth sub-division of plan or agreement of reorganization dated
Dec. 20, 1887, to entitle
them
to stock of the reorganized
com-
pany thereunder. The amount of the pro rata share to be paid
by the stockholders is fixed by the trustee at 73 i^er cent of the
par value of their respective holdings of said existing capital
and the times of the payments to bo as follows: 23 per
cent on or before Sept. 16, 1889, 25 per cent on or before Oct.
15, 1889 35 per cent, the remainder thereof, on or before Nov.
15, 1889.
Payments must be made at the times above prescribed in order to entitle the holders of stock to their proportionate amount of the §10,000,000 stock of the reorganized
company under sub-division ninth of said agreement. Th»
stock certificates will be stamped with date and amount of
payments.
Notice is given that arrangements have been made for
paying one year's interest (second ijavment) on the new first
mortgage bonds issuable under Houston
Texas Central Reorgainzation Agreement, dated Dec. 20. 1887. Payments will
be made at the Central Trust Company's office on and after
Aug. 31, 1889, upon presentation of outstanding certificates.
—Receiver DiUingnam, of the Houston & Texas Central Railroad, has been given permission by the courts to expend
about §83,000 for new locomotives, which, he says, are necessary to the conduct of the business of the road.
Louisville Southern— Chesapeake & Ohio.— A traffic contract has been entered into between the.se companies giving the
C. & O. a shorter fine and better terminal facilities
the city
of Louisville. Connection will be made at Leocington.
—The extension of the LouisvUle Southern from Lawrenceburg, Ky., to Lexington, Ky., 23 miles, was opened for operation on Saturday, Aug. 34, in time to obtain the §100,000 subsidy voted by Lexington.
stock,
;
—
&
pany under date of Aug. 28 give notice of the drawing of 93
bonds of the Mass. & So. Cons. Co., series B, of §3,000 each,
for redemption at 103 and interest ($3,119 per bond).
m
Chattanooga Rome & CoJiimbus.— Nearly §3.5,000 has been
raised in Columbus, Ga., as a subscription for this company
to extend its road south from Carrolton, its present terminus,
to Columbus, 55 miles, where connection can be made with
the Columbus Southern which is in course of construction in
a southwesterly direction to Albany 87 miles. The completion
New York Ontario & Western.— A report has been made
of the.se lines will make in connection with the Plant system a to the Ontario & Western directors showing that one-third
of
through route from Chattanooga to Floritia.
the grading on the Scrant(jn extension has been completed.
The
contracts
for
the
grading
and
masonry work call for their
Che!«a|>eake & Ohio.— The Chronicle now has the statement of gross and net earnings of this company and of the completion by January 1, and it is promised that the trackRichmond & Alleghany for the tirst six months of 1889. The laying will be completed by May 1. The important annoimcetrathc of the C. & O. is thrown largely over the R. & A. Road, ment that all litigation brought by the Erie and the Delawareand the gross earnings of the latter have more than doubled, & Hudson has been discontinued is made. President Eowlerbut the amount of earnings put into construction hiis been says that contracts have already been made, to go into effect
veiy large, as this road has been almost re-built, and the net on June 1, for the carrying of over 900,000 tons of coal, ami
ea,rnings therefore show only a moderate increase.
The roads tliat within two years the road will be a recognized coal earwill now be reported as one, and for the mmth of July the ner, and net earnings will be increased largely from coal alone.
gross eammgs were §578,000 against .$443,336 last year, and
Ohio Indiana & Western.— The inspection of tlie Ohio, Innet earnings §305,000 against §125.393 last year, wliUe for the diana & Western Road is completed, and the result will probawhole six months to June 30, 1889, the net, over and above bly soon be known as to whether the Vanderbilts and the
improvements, were only §411,000. The following table gives Drexel-Morgan people will make any agreement to " take
the eammgs for six months fnmi Jan. 1 to July 1 in each year: over " the property for the C. C. C. & St. Louis combination.
1889.
18»8.
Oresonian.- A London cable of August 38 says: ' A meeting of the ondholders of the Oregonian Railroad Company
Chesapeake & Ohio. ...$:,ii39.589
S310.170 .'ii2.14H.92) $330,608 was
held to-day at the office of the company, Dimdee, ScotKlch & Al exhfiiiy
$558,186
71,419
$270,916
$50,349
Chicasro Milwaukee * St. Pan'.— A meeting of the St. Paul land, at which, by a unanimous vote, the sale of the railroad.
to
C.
P. Huntington for £180,000 was approved."
directors has been called for Sept. 11 to take action on the
dividend on the preferred stock for the year ending June 30.
Pennsylvania Railroad.— The gross and net earnings for
Nothing detiiiito in regard to the amount of the proposed divi- July, and the seven months ended July 31, 1889 and 1888, were.
dend can yet be obtained.
as below stilted. On the lines west of Pittsburg and Erie theColiimbiLs Hockiiiar Valley & Toledo.— The stockholders net results, after payment of interest and all charges, is showij.
met at No. 40 Wall Street and demanded the resignation of in the second table:
LINES KAST OF PrTTSBCRO AND ERIE.
President John W. Sliaw and of several directors, and voted
tiross Earnings.
Xel Enrnings.
to co-oi)crate with the existing committee of st(x:kholders in
1889.
1888.
1889.
1888.
endeavoring to prevent a default in interest on September 1 Jan. ltoJuue30.$3S,oiJ4.237 $27,-58,205
$-1,410,471
$8,692,763July
ran the consulidated bonds and the appjintmeut of
5,211.671
).a98,40&.
4,82^,412
1,-53,654
a receiver.
The President and Directors refuse to resign, and the next step
Total7ino8....*33.245,91l .$3i,6S0,617 $10,266,12; $10,201, I7k
<>f the stockholders' organization may involve
fresh litigation.
LINES WEST OK PlTrSIlUUa AND EBIE.
Tlie meeting was called by the committee of stockholders,
Xel surplus or deficit after pan ine.nl of charges
composed of Samuel D. Davis, Thomas F. Ryan and Charles
1889.
1888.
r>iff. in 188!).
B. \ an Nostrand, and the call was a[)proved by Charles B. Jan. 1 to June 30.Dof. $43',094
Def. $29),0-!6
Loss. $144,608;
July
Bur.
279,809
Sur.
95,596
Galr.
184,26*
Alexander, Vice-President of the cora))any. Messrs. Alexander, Davis and Ryan constitute a mmority of
the Boa rd of
Total 7i months. Def. $157,885
Def. $197,490
Gain. ^SOieOd
,
.
t
.
.
.
THE CHRONICLE
270
Antonio & Aransas PaK-.-In commenting
last
[Vol. XLIX,
week
San
»"
hy an
Chronicle was misK>d
the Chromcm;
xiiwD U.e Texas decision tlie
xijwn
>n«>>f
that the
exnression in_ the Southern pajiers to sav
e_,
ofccure eii.ri-»»..u
OMCure
^
i.tractors, Martin & Scliryver
company waj* indebted to the con.
This is not correct
"to the sum of eOtW.OOO.sf cured by ix.nds."
tlie small sum of
and the couii«.i.y has no floating debt except
Jf
_
WABAS H RA ILROAD.
OF THE WABASH RR. COMPANY
MORTGAGE
FIRST
SECURING $34,000,000 GOLD BONDS DUE MAY" 1, 19.39.
stocKSchryver at« wealthy parties and large
Dafe.—May 1, 1889.
taken in liciuidation for contract work
Parties.— The Wabash RR. Co. of the first part, and the
the company s
the pa«t four years about $900 000 of
Swenson & Sou.., Central Trust Co. of New York, Trustee, of the second part.
secona mortcaKe bonds. Meesrs. S. M.
and financiers
ProiJerty Covered. All the company's railroad, road-bed
who have alv avs been the c-ompany's bankerssound
every and right of way. as the same now is or may be hereafter conis
conipanv
the
that
us
inform
York,
in New
only
structed or owned, described in the mortgage as follows:
wav. that it.s lirst mortgage interest charge is
9-f
are already
road
the
of
1.— Toledo. Ohio [via Lo;,'an9port, lud., aud Decaiur, 111.], to I
earnings
the
that
and
mile,
per
Uliiir«, ?^cott Co., Ill
ending
much in excels or that amount, and for the year
2.— Bliitfs to East HiinnllMl, 111., nn .Mississippi River
a^ei"
an
June 3(Hh, lSt<9. thegr.isi earnings were $1,090,307 on
uffs toCamp Polut and Qiiluc.v. III.
3.-B
$3<l,2i», ana
4.— Clayioi), 'Adams Co., 111., t« Hamilton, 111., on ML'sissippl
aeo of 898 miles oiierated the net earnings were
l{lv<r.'.
-nvvr ti.teil interest charges was $98,24«, or equal to
tl
5.— Decatur, 111., to East, St. Louip, 111
income
mortgage
r cent on the company's second
EIHiPijliam, III. (via Bcii.eut and Furrcst), to Stretttor, HI
C—
applied to improvements.
.. ;hi- nionevhad not been
7.— Aliamoiit to SUumway, Etliugliain Co., Ill
"u.i.,.
f.— Strawn. IvviiiKBtou Co., 111., to CDIcago
The road is saitl to "be located with exceptional pmdence with 9._E(lwiiidsviile
to EdwHrdsviUe OrossiuK in Madison Co., Ill
mortgage
first
the
of
block
large
a view to local business, and a
Detrol'. Mich, [via Butler, lud.], to Ix)Kausport. Ind
10.—
a
bonds is held bv strong i»rtie8 in Philadelphia, who had
11.— St. Lmils, Mo., via Bel efoutaiue to Fergus ui iu St. Louis Co
taking 12.— St. Louis. Mo., via B'orTcsi Park to Ferguson, tliouce liorthcareful examination made by their own exjiert before
westirlv to Moherly, Mo
tliem.
13.- Mobeily, Mo., west' rly to Kansas City, Mo
nortUwe-toily to Pattonslinrg, Mo
committee
14
Hrunswlclf,
—
bondholders'
The
Texas.—
&
St. Lonis Arkansas
mortgage 15.— Saiil>bury, ChaiitouCo Mo., to Glasgow, Howard Co., Mo...
in Berlin, who hold some 57,000,000 of the first
16.— Molierlv, Mo., nortlnrly to Ottumwa, Iowa
bond.s, are acting in accord with the New York committee.
17.— Ui-ntraila to Columbia, all in Boone Co., Mo
The latter have had several conferences, and are now waiting
Together with all bridges, structures, shops, depots, rolling
been
to receive the report of Mr. Richard P. Morgan, who has
stock, lands, buildings, offices, etc., and all other things real
examining the property at the instance of Messrs Speyer & and personal now or hereafter owned in connection with said
Co. The report of Mr. Moore is in the committee's hands, and lines of raUroad (except its interest in the equipment belonghas been forwarded to Berlin. The trustee of the mortgage ing to the New York & Pacific Car Trust Association), aud
has assented to the is.suo of Receiver's certificates, as referred also all franchises, powers, privileges, chartered and other
to in The Curosicle last week. Tlie New Y'ork Committee rights now or hereafter acquired, useful in the operation of
will shortly ask for the deposit of bonds.
said railroad. Also all rights now or hereafter possessed under
St Lonis & Chieago.— The sale of this railroad, which was to any contract with the Chicago & Western Indiana RR. Co.
have taken place September 4, has been postponed until Octo- for the use or its terminal propierties in Chicago; and all
ber 4, under the diri-ction of the complainants' solicitors, and interest in the stock of said last-mentioned company. Also
in accordance with the wishes of the bondholders' com- all rights now or hereafter acq^uired under any contract for
the use of the terminal properties of the following companies: ]
mittee.
Under the proposed plan of reorganization of the St. Louis The Detroit Union RR. Depot and Station Co. of Detroit,
Co. of Kansas City, Mo.;
& Chicago Rjiilwav Company, the new company will be capi- Mich.; the Kansas City Union Depot
Also all]
talized as follows: ^rst mortgage 50-year 5 per cent gold bonds, the Hannibal Union Depot Co. of Hannibal, Mo.
5600,000— issue limitetl to $1 ,400,000, at $10,000 per mile of com- rights now or hereafter held under any contract for the use of
pleted road preferred stock, $1,300,000, to pay 5 per cent the Missouri River bridge at Kansas City and the Mississippi
common stock, River bridges at Hannibal and St. Louis; and all rights under
dividends (non-cumulative) if earned
The new firsts are to be used for the retirement of contract dated January 1, 1878, for the use of the railroad of
$1,.'K)(),0()0.
the old first mortgage bonds, amounting to $500,000, and vari- the Chicago Burlington & Quincy RR, Co. between Camp
ous prior liens, &c.. specified in the plan. The sum of $1,100,- Point and Quincy, 111.
It being intended that this mortgage shall cover all the said
000 of the preferred stock and $1,100,000 of the "common stock
shall be iwed in exchange for the $1,100,000 of old first consol- consolidated lines of railroad of said company and its constituThe sum of $200,000 of the new preferred stock ent companies east and west of the Mississippi River, and
i(lated bonils.
and S40().(K10 of the new common stock shall be used by the shall include all the railroads and property which at the time
committee for the benefit of the new company, as may be of said consolidation belonged to the Wabash Western Raildeemetl best. It is underetood that nothing in the plan is to way Company and to the Detroit & State Line Wabash R. R.
prejudice the right, if any, of the first consolidated mortgage Co., and also "all the railroads and property formerly known as
tx)nilholders individually to recover any moneys which may be as the Chicago Division of the Wabash St. Louis & Pacific Ry.
due the Chicago & St. "Louis Railway Company, or question Co. conveyed to the Purchasing Committee by deed dated
the validity of the issue of any of the bonds.
May 14, 1889, and also all the railroads and property formerly
known as the Wabash lines east of the Mississippi River conToledo Ann .Arbor & North Michigan. The Saginaw Conveyed to the Purchasing Committee by deed dated June 27,
struc-tion Co. has contracted to turn over to the Ann Arbor
1889, and all terminals, leases and rolling stock lately in posmUes.
The
its
line
from
Durand
Saginaw,38
details
of
Road
to
session of the Wabash Western Railway Company and of the
the transfer have not yet been made public. The road will be
Receiver of the Wabash lines east of the Mississippi River
extended to Bay City.
and of the said Purchasing Committee, except such rolling
Union Puciflc.
The Boston Herald reports that the stock as may be owned by the New York & Pacific Car Trust
Union Pacific has another consolidation in hand of more in- Company, and except such lines of road as have been reserved
terest to it-self than to the public, as practically all of the and pledged by said Purchasing Comiiiitteee in accordance
Becurities of the lines involved are in its own treasury. The with said agreement of November 21, 1887.
[See foot note
consolidated company will have a mileage of about 380. under "sinking fund to be created," etc., below].
mainly in C:olorado. "and will embrace the Colorado Central,
THE BOND.
Denver & Middle Park, Denver Marshall & Boulder, Greely
First Mortgage 5 Per Cent Gold Bond.
Salt Lake & Pacific, Georgetown Breckenridge & Leadville,
Da(c.—May 1,1889.
DeHO»ii»«(io».— ^1.000 each.
'
and Colorado Central of Wyoming. The new company will
Amoi(>i(^i(ffl'«iref/.-$3i,000,000.
be called the Coloratlo Centi-al Railway Company, and will
Pi-incipal Payuhle.—yia,y 1,193'.J, in United States gold coia of tne
have a new ciipital stock and new bonds, according to the prefcnt standai dot weight aud ttneness at the ollice or agency of the
capital of the individual companies.
company in New York City.
„ ,
J>ierc»> Fai/a'ile.—At the rate of ^ per cent per aunum on May 1 ano
Wabash. The new second mortgage covers the lines east of November 1 in like gold coin.
Jienisirali'iii.—An lioiid< are ooupdn bonds, with prailcgo of registrathe Miosi.ssippi River and also $5,000,000 worth of equipment
as to principal, and they coiitinne sulyec lo successive registrawhen the car trust certificates are retired, but does not cover tion
•
tions and transfers to lii'aier at ihc option of holdeis.
the lines west of the Mississippi.
&'i»ti)isrJ'«»<'.— A sinking fund is provided as b low stated, but no
&
Martin
who have
dS
.......„„
—
m
:
•
.
.
,
i
—
;
;
—
—
..
—
TTestern Maryland.— A general meeting of the stockholders
of the Western .Maryland Railroad Company was held this
week. An .agieenient with the Western Maryland Tidewater
RailriKuI Co. for leasing tliat line was submitted by President
Hood and a|)prove<l. The agreement witli the eastern extension
of the Baltimore & Harrisburg Railway Company for the projpTHed
Hii'>
from Porter's Station
''
to York, Pa., was also ratified.
a lease of the western extension of
.iia to Uighfield, on the main line.
1
I
Western A Allantlc.—Tho Georgia Hou^e of Representatives lias j)assed
the lea.se bill for disposition of Western &
Atlantic Railroad. This leaves the field open for all. and
givoB the diirerent railroads or syndicates the right to bid for
the hue.
'
For balance of InTotmrni Itrmt see pace
'iOl,
bonds can
l)e
called iu without the cousont ol the holder.
BOSDS TO AMOUNT OF
$11,741,000
TO BE RESERVED FOR
WABASH WESTERN BONDS.
Of the bonds authorized hereunder $11,741,000 shall be reserved to meet at their m'aturity the bonds secured by mortgage on property belonging to the Wabash Western Ry. Co.
prior to said consolidation, which bonds are as follows:
.«G,000,000
.s'orth Missouri RR. Ist inort., due July 1, 18i)5
3,000.(100
St. L K. C. & Nor. Ry. mort., due Sept. 1, 18il5
1,000.000
IHOi
due
Ociober
mort.,
Ist
Bridge
Sf. Chailea
333,500
St. Cliarlc8Briige2d mort., due Oct .bcr 1903
304,500
1903
mort.due
Aug.
ist
1.
Chill.
RR.
Bruuswlck i626,000
it. L. Conn. BlulTri & Oin. RR. Ist mort
100,000
'.903
mort
due
May
1st
BoonvlUe
Ry.
1,
Boone Co. &
32'-'.'iOO
Wub. West. Ist M. OU Si. L. Oit. &. C. K., due April 1»37
,
$11,741,000
_
Total
The bonds so reserved shall be certified and delivered by the
deTrustee in exchange for the outstanding bonds above
August
THE CHRONICLE.
SI, 1889,]
and in case any of said outstanding bonds are not so
exclianged at maturity, tlion lionds of this series may be sold
at not less tlian par. and witli tlie proceeds of such sale th(!
principal of said outstanding bonds shall be paid and their
mortgages discharged. The company agrees that none of the
outstanding bonds above dascribed shall be extended beyond
their present dates of matui'ity.
scribed,
SUFFICIENT BONDS TO UK UKSEIIVKD FOR OLD FIR3TS AND
COUPONS DEPOSITED.
Sufficient bonds shall also be reserved to be exchanged at
par for first mortgage bonds and for overdue couixms of the
classes next hereinafter mentioned which have been deposited
with the Tnxstee under the reorganization agi-eemont of November 21, 1887; and the Trustee shall certify and issue in
exchange the bonds so reserved as soon as practicable, the following being the totals of said classes of first mortgage bonds
and coupons, as stated in said reorganization agreement, including both those dejwsited and those undeposited.
Toledo
A-
Lake Eric
Illinois 1st m..^t^'aKe
\Viiha,sh
bt. Loms 1st
&
mortgage
V & Toled" Isfmortgage
(iroat Western 1st iiiortga^o
Illinois & Siuaicrii Iowa 1st mortg.ige
H.annllial& Naples 1st mortgage
Decaluiik EastSr. Loiii.s Ist mortgage
Fnndeil dihl bonds and scrip cf above Ist mortgages
Qiiiii'
Clilcago division 1st mortgage
Detroit division l.-t niortsrago
Overdue coupons and Interest on second mortgages,
funded debt !:onds and criporsamo. about
Overdue coupons or consolidated innrtgago bonds, mortgage 7s of IhVil, and on funded debt and scrip of consolidated mortgage, about
Overdue coupons of Detroit division, about
271
tors of the company, and when they are finally destroyed it
be in the presence of an officer of each of the parties
hereto, and such officers shall file with the secretary of each
of said parties a report in writing describing the dates, numbers and series to which the bonds so destroyed belonged.
sliall
EXECUTION OF BONDS.
The execution of the
secured hereby shall
Ije
upon the bonds
conclusive evidence that they have
Tru-stee's certificate
Ijeen iasued in compliance with the terms of this mortgage,
iind the execution of the coupons under the engraved name of
the Secretary shall give said twnds the same force as if executed under his own hand.
TAXE3, ETC., TO BE PAID, UNDER PENALTY.
The company covenants to discharge all taxes, assessments
and governmental charges lawfully levied on the mortgaged
])roperty and its leased lines hereinbefore described, the hen
whereof might be held to be prior to the lien of this mortgage,
and not to suffer anything whereby the lien hereof might be
Snro.rOOOO impaired. And any default in the performance of this obli2,.'5no,0()0 00
such charges shall be in arrears for more
oOO.iiOO Oi) gation whereby any
00
300,000 00
500,000 00
2,70<',000 00
1,.52:!,1!)0 87
4,500.000 00
2,0.'32,000 00
2,.'iOO,OliO
than one year shall entitle the Trustee to take the proceedings
hereinafter authorized in case of default for six montlis in the
payment
of interest
on the bonds,
COUPONS PAID TO BE CANCELED.
The company covenants that as the coupons attached
to the
bonds securtd hereby mature, they shall be paid by it and
canceled; and it is agreed that no purchase or sale of said
coupons or loan u|)on the same made on behalf of, or at the re940,0f000 quest of, or with the privity of the company, and no redemp2H0.O!io 00 tion of the said coupons by any guarantor of the payment of
the same shall operate as keeping the said coupons alive or in
Total, deposited and undeposited
$20,445, 19U b7
force as a lien upon the mortgaged premises as against the
PUKPOSES FOR WHICH THE REMAINDER OF BONDS MAY BE liolders of the bonds secured hereby and of the coupons anISSUED.
nexed thereto.
After reserving bonds secured hereby sufficient to exchange
PROPERTY NOT NEEDED MAY BE DISPOSED OF.
at par for first mortgage bonds and overdue coupons of the
The company, with the written consent of the Trustee, but
classes last mentioned, which have been deposited as afore1,300,000 00
the bonds
said, the Tiiistee shall issue the remainder of
secured hereby under tlie direction of the Purchasing Committee for the following puiiwses
(1) In exchange for old
first mortgage bonds and overdue coupons of the classes above
mentioned which have not already been deix)sited with the
Trustee, but on terms not more favorable to the holders of the
same than dollar for dollar, and upon such exchange said old
securities shall be deposited with the Trustee; (3) in order tj
be sold as the Purchasing Committee may direct, the proceeds
to be applied by the Trustee under the dii-ection of said committee to the payment of old first mortgage bonds and coupons of the classes aforesaid, aud to the reimbursement of the
Trustee for its advances made under the reorganization agree:
not otherwise, may sell, lease or otherwise dispose of any property connected with its railroad which in the judgment of the
President and Du'ectorsof the company may not be needed for
its use, free from the Uen of these presents; provided that the
proceeds of any sale, lease or other dis|X)sition so made shall
within a reasonable time be invested by the company in the
purchase of other property, real or personal, which shall be
subject to all the trusts hereby declared, and if demanded by
the Trustee, shall be delivered to said Trustee to be held subject to the trusts of this mortgage, or said proceeds shall be
paid over to the Trustee to be lield as part of the sinking fund
hereinbefore mentioned.
DEt'AULT— POSSESSION MAY BE TAKEN OF THE PROPERTY.
ment of November 31. 1887.
1. In case of default for six months in the payment of
SINKING FUND TO BE CREATED IF THE BONDS SO 80LD interest it shall be lawful for the Trustee or its agents to take
possession of the railroail and property hereby conveyed, and
EXCEED A STATED AMOUNT.
to operate it, applying the net income therefrom to the payBut as a condition precedent to selling bonds in excess of ment of the interest on the bonds in the order in which it
the aniotint of old first mortgage bonds and coupons of tli.i shall have tecome due. And when all interest so in default
clas-es above mentioned, not deposited as aforesaid, and in
shall have been paid, the Trustee shall restore the property to
excess of $808,800 in .addition thereto, the Trustee shall receive the company or
from said committee an agreement to convey to it, to be DEFAULT— PRINCIPAL MAY BE DECLARED DUE AND PROP;
applied a.s a sinking fund for the purchase of bonds secured
hereby, so much of the properties lieretofore pledged to said
Tnistee under the provisions of Article 6* of said reorganization agreement as may exceed the requirements of said
pledges expressed therein. Such sinking fund shall be managed, invested, sold and re-invested as the company shall
direct, but the proceeds sIi.tU be held by the Trustee, in whatever form they may be, and shall be applied to the purcliase
and cancellation of bonds secured hereby whenever pui'chasable at not above 10.5, and, with the approval of the Directors
of the company, at a higher rate.
PRIOR B0ND3 EXCHANGED TO BE CANCELED.
Prior bonds received in exchanere for or purchased with the
proceeds of tends hereby secured shall be canceled, but shall
not be destroyed by the Trustee until authorized by the Direc'Said artido t! provides that tlic Purchasing Committee shall at the
earlie-t pract cable date pledge with tlie Central Trust Com|iany he
following uneiicunibered lines of railway, viz.: Des Mo n( s tte Not tliwestern, 114'i' mil.s; Des Moines & St. I.oui^, (i7'3 miles; St. Louis .lerBCjviile <fe Springtield, 71-4 mil s; S|iringtlelrt & Nortliwestern. 4 11
miles; Peoiia Pckiii & Jacltsonv lie, 75-i! miles. Att ca Covington &
Southern. 14 5 mile-; C.iampaign i\: Southeivste u, 11 6 mi es; total, you
ml es; andshall alsodeposit with the T. ustee.'Bl,342,000 mortgage bonds
of the Ilumeston A Sh naudnaii R' Co.. subject to the sirrender of the
coupons then on, accoriling to the agreement with the Chicago Burling
ton iV- tjiiiuey RR. (o. These lines of railway and mortgage bonds to be
held for the fallowing purjiosi s:
1. To provide for there iiay men t of any unraM advances made by said
Trust CiPinpany, and Iso to rovlde for ln:cre8t on the certiticat.-s
Issued by it fi.r bonds under the reorganization agreement S') far as the
same may be nccesary In consequence of possible del ly in the reorganization, or in consefienc of inailequate means from the earnings of east
lines while In possession of the Receiver.
2. For llie payment of any debts a.'alnst receiVira Humphr.\v3 and
Tutt, or their siuxcs^ors. the I'iireli;ising Committee, not otherwl-.e i>v/vlded for, and also the expenses of tlic v organization.
3. The proec'ds of any or these lines or bonds when sold, after tlic
payment provided for in tlie foregoing setlions I and 2 thall be api)i"
prlated to the put chase and cancellation of Hrat mortgage bonds at iu»I
over 105.
It is .also agrt ed that the sales of any of the.se lines or of the m'irtgaL'e
boniis ) leilL'eil. as herein provided, sliall he at the discretion of the I'urchasing
ttee. an.i it nhall nit be>>bligatory on that cominlit< e lo
sell any ot the lines tliey may conclude ihonld be letamed in the system
of the I ompany, unless r. quired bj' said Trust Company: Imt in case
any such lines are retained, thy shall remain pledged to secure the
Tni-t Comjiany for all advances as aforesaid.
i
.
i
Comm
|
ERTY SOLD.
If default occur in payment of interest and be continued
for six months, then if the holders of a majorit\- of the outstanding bonds shall give notice to the Trustee that they desire
the principal of said bonds to become due and payable at
once, then the principal of said bonds shall thereby and from
the date of the giving of such notice be due and payable, notwithstanding any clause in the bonds to the contrary.
And if the principal of said bonds shall become due, either
according to their terins or upon notice as above provided,
and shall not be paid by the company, then upon a written
request from hohlers of a majority of the bonds the Trustee
shall take possession of said property and franchises hereby
mortgaged, and after giving sixty days' notice shall sell the
same at public auction; and out of the proceeds of such sale
(if it be directed to sell said property for cash), and from the
income received from the operation of the railroads, after
deducting all just exi^enses .attending the operation and sale
of said property, it shall first pay ratably the interest on said
3.
its maturity, and secondly the principal
same ratably or
DEFAULT—JUDICIAL PROCEEDINGS M.VY BE TAKEN.
3d. In case of default for six months in payment of principal or interest, and in case it shall not he deemed expedient
by the Trustee to take possession of and sell the railroads here-
bonds in the order of
of the
;
by mortgaged, in pursuance of the powers hereinbefore
granted, then it shall be the duty of said Trustee, whenever
requested so to do by the holders of a majority of said bonds
then outstanding, to proceed in any proper tribunal to foreclose the mortgage and liave said projierty sold according to
the established principles of law and equity. And to that end
the principal of said bonds may be declared due by the holders
of a majority thereof in the manner hereinbefore provided,
aud pending such foreclosure prcx-eedings and sale the Trustee
may have a receiver or receivers appointed to operate said
railroads.
The foregoing remedial provisions shall be deemed cumulaand shall not exclude the Trustee from resorting to any
other remedy at law or equity to enforce or protect tlie rights
tive,
of bondholders.
'
THE OftEONlCLE.
272
rROl'KRTY TO BE B0BRENDERED-RIGHT OF INJUNCTION,
ETC., WAIVED.
continuetl for six months as aforesaid
I 'And in oa.'se of default
deUver to
the officers of the company are hereby direct«d to
franchises
the Trusts- or to the Receiver all the property and
agrees not to
heitibv mortj,'aged: and. the company further
prevent the
api.lv for anv injunction or stay of proceedings to
prevent a
Trus'tee froiil taking poeseesion of the property, or to
anil that it
aale from being made as hereinbefore provule<l,
by rea-son of
will not in anv case claim any right or advantage
XLIX.
respectively.
Likewise all rights and privileges now held or hereafter acquired under any contract
for the use of the Mississippi River bridge at Hannibal; and also
the rights of the company under a contract dated Jan. 1, 1878,
with respect to the use of the railroad of the Chicago Burlington
Quincy Railroad Company from Camp Point to Quincy.
It being intended that this mortgage shall cover all the consolidated lines of railroad of the company, and its constituent
companies east of the Mississippi River, and all the railroads
and pro]jerty which at the time of the consolidation belonged
and Hannibal
,
&
|
,
& State Line Wabash RR. Co. and all the railroad property formerly known as the Chicago Division of the
Wabash St. Louis & Pacific RR. Co. conveyed to the PuryUBCHASE OF THE PROPERTY -NEW CO.MPANY TO BE
chasing Committee by deed dated May 14, 1889, and all the
ORGANIZED.
railroad lines formerly known as the Wabash lines east of the
majority
of
a
holders
the
property,
the
of
anv
sale
In case of
Mississippi conveyed to said Purchasing Committee by deed
all the
have
to
right
the
have
shall
bonds
outstanding
x>t the
dated June 27, 1889, and all terminals, leases and rolling stock
property i.urchased for the equal benefit of all the holders of lately in possession of the receiver of the Wabash lines east of
Ahe Donds outstanding.
the "Mississijini River, subject to the priorities in this mortIn case such sale be made by any person other than the gage specified.
Trustee, then the holders of a majority of the outstanding
THE BOND.
bonds shall have the right to deposit with the Trustee the
Second Mortgage 5 P. r Cent Gold Bond.
bonds held by them respectively, and by notice in writing
7)a«e.— February 1, 1'^S'J.
Deiiominaliori. -?1.000 each.
they may require said Trustee to make such purchase as they
AmounI Aw(/iorii«rf.— $14,000,000.
in said notice shall prescribe. And in case such sale be made
J'riiicip'il J'ltj/able.—Vehruary 1 1939. In United States gold c jin of the
by tlie Trustee, then the holders of a majority of the out- pri'seiit etanrtiirrt of weitrht and llueness, at the oflice or agency of lbs
standing bonds shall liave the right to appoint some other company in New York City.
luieret-t t fiyahte. — At the rate of 5 per cent per annum on February 1
persons to mai^e such purchase for tliem on such terms as they
Auj;ust 1, in like Kcld coin.
may prescribe. If any person other than the Trustee be and
J/e(/i«tralion. — Bonds are all coupon bonds, with privilege of registraappointed to make said purchase, then the appointment and tion "aa to principal at the company'fl otlice or agi-ncy in New Yorb City,
the terms >f inircha-se shall be in writing, and a copy thereof and they com iiine subject to successive registrations and transfers to
valuation, appraisement, stay or extension
liereafter enacted.
»ny
"
[Vol.
laws now
or
to the Detroit
,
,
i
shall be deliveretl the Trustee before the sale takes place.
If the holders of the majority of the outstanding bonds elect to
have the property purchased for them as aforesaid, it shall be
the duty of tne jiersons so appointed to make such purchase (if
4he same can be done on the terms prescribed), and having purchased said properly the title thereto shall vest in the persons
poTchasing, and they shall hold such title for the use of the
owners of all the bonds. And no bondholder shall have any
claim to said property except for his pro rata share therein as
repre6ente<l by a new comj^ny to be formed for the benefit of
all the l)ondholders.
The persons making such purchase shall
take such lawful measures as may be deemed for the best
interest of aU said bondholders to organize a new company
tipon such terms as the holders of the outstanding bonds shall
in writing direct. It is hereby declared that all persons who
«hall claim any benefit by virtue of this instrument shall take
the same subject to all the terms herein contained and subject to all the rights and powers conferred by it on the Trustee
and on the holders of a majority of the outstanding bonds.
APPOINTMENT OF TRUSTEES, ETC.
In case of the resignation or incapacity of the Trustee, it
-shall be the duty of the Directors of the company immediately
thereafter to make application to some proper court of record
in the State where tne general officers of said raih-oad company are located for the appointment of some suitable person,
persons or corporation to be the Trustee in this instrument.
The Trustee shall not be required to take any action under
this deed until the parties demanding such action shall have
indemnified it for the ex|)enditua-e3 necessarily involved. The
Trustee shall only be required to exercise reasonable diligence
and shall not be responsible for the negligence or wrongful acts
of any of its officers or agents if selected with reasonable care.
bearer at the option of holdi
.
and
©afe.— February
1,
CO.,
1939.
1889.
PARTIE.o.
The Wabash Railroad Company of the first part and the
Metropolitan Trust Co. of N, Y, Trustee, of the second part.
interest
which the company now
has, or
may
hereafter
acquire therein.
It is also agreed that in so far as this instrument shall operate as a lien upon any property real or personal hereafter
acquired by the company, such lien shall be inferior to any
mortgage resting on such property at the time of its acquisition
as well as inferior to any mortgage placed thereon by said
company to secure any part of the purchase money thereof,
and except as to equipment acquired by the use of bonds
secui-ed hereby, shall be inferior to the lien of said first
mortgage dated May 1, 1889.
DISPOSITION TO BE MADE OF BONDS.
To prevent the issue of any bonds secured hereby except in
accordance with the terms hereof (and as provided in the reorganization agreement dated Noveml>er 21, 1887), it is hereby
stipulated that the Ti-ustee shall certify and deMver bonds only
as follows:
$1,000,001)
1
SECOND MORTGAGE OF THE WABASH RR.
SECURING 514,000,000 GOLD BONDS DUE FEB. 1,
rs.
PRIORITIES.
The estate hereby conveyed is (excepting as to the equipment
acquired from the New York & Pacific Car Trust Association)
subject and inferior to the first mortgage dated May 1 1889,
securing §34,000,000 bonds, and until the $2,052,000 bonds of
the Wabash St. Louis & Pacific Railway Co. which are now
secured by a first mortgage dated on or about November 8,
1881, on the road from Detroit, Michigan, to Butler, Ind., are
paid or exchanged for bonds issued under the aftresaid
mortgage dated May 1, 1889, the lien of this mortgage sl.all be
inferior to said mortgage of November 3, 1881.
But as to the
equipment acquired from the New York & Pacific Car Trust
Association this mortgage is the first lien on all the right, title
,500.000
2,.'i<)".00i)
2,H10,000
1 ,600,000
n.181,475
S.OO'i.OOO
S08..524
V
&
.'5«.
in ex<h uige for T.dedo
Wabash RK. bonds of
in exetian;:e forWab & West. Ry. 'At ninrt. bonds of IS.'S.S.
ill exchani;e for Great West, (of 1859) RR. bonds or 1865.
in exchange for Tol. Wab. cS: WeH. consols of 186".
ill exch.nge for Wabasli Ry. bonds of
1^79.
in exchange f r funded debt and scrip of 2d mortgigo
bonils and consols afo;esaid.
in exchange for N. Y. Ai Piictic Car Trust certlflcati s.
to be issued on demand to the company.
$13,999,999
&
Pacific Car Trust
The bonds reserved for the New York
certificates are to be issued at par from time to time, as sjud
All the company's railroad, road-bed and right of way, certificates are presented for exchange. Certificates so received
described in sulxlivisions 1 to 10, inclusive, under " property in exchange shall be held by the Trustee alive until the ex•covered " in the abstract of the first mortgage above [1,556 miles change is completed, and shall then be canceled.
•of railroadl. together with all bridges, structures, shops,
PRIOR BONDS EXCHANGED TO HE CANCELED.
depots, rolling stock, lands, buUdings, ofl[ici>s, &c., and all
Provisions respecting tlie cancellation and destruction of
other things, real or [jersonal, now owned or hereafter acquired
the first
in connection therewith, and all the franchises, powers, privi- prior bonds received in exchange ai-e the same as in
leges and chattered or other rights now held or hereafter ac- mortgage, an abstract of which precedes this.
quired, necessary to the maintenance of said railroad.
ROLLING STOCK TO BE KEPT IN GOOD CONDITION.
And particularly all the right, title and interest of the comThe company agrees, as far as practicable, t<i keep the rollpany now possessed or hereafter acquired in and to the foUow- ing stock accjuired from the New York & Pacific Car Trust
mg standard gauge equipment [origmallv costing about 85,000,- Association, on which this mortgage is a first lien, in g»od
000] heretofore leased by the New York & Pacific Car Trust running order and so marked as to be easily distinguishalile
Association to the Wabash St. Louis & Pacific Railway Com- from the other equipment of the company.
And as said
pany, to wit. Ill locomotives, 3,004 box-cars. 400 st(x-k cars, engines and cars shall become unfit for use they may be dis8,100 coal and flat cars, 36 passenger coaches, 4 chair cars, 2 posed of, and new ones of like kind and capacity shall be put
parlor and sleeping-cars, 1 official car, 4 combination cars, 4 in their place and shall Jbe m-irked and numbered in the same
dining cars. 19 baggage cars, 1 postal car and 25 caboose cars, manner aa were those disposed of, and they shall thereuixin be
bemg the same c<iuipment more particularly described in cer- subject to the lien of this mortgage in like manner and to the
tain contracts of lea-se.s entered intol)etween Dec. 1,
1879, and same extent as those replaced.
^*' '**'• "'"''' ^r*^ '""'e fully described in the mortgage.
E.XECUTION OF BONDS.
Also all rights and privileges under any contract now or
Provisions the same as in the first mortgage, an abstract of
hereafter made with the Chicago & Western Indiana R K
'Company for the use of its terminal properties in Chicago, and which is given previously.
TAXES TO BE PAID.
'Ml interest in the stock of said last-named company;
also all
The company agrees to pay all taxes, assessments and govrights and jirivileges now or hereafter possessed under
any ornniental charges, so that the priority of this mortgage slitlll
contra<-t with the Detroit Union Railrmid Depot
& Station be duly preserved and not to suffer anything whereby its lein
Company and the Hanniljal Union Depot Companv
for
«se of their terminal properties in the cities of Detroit
* About, thii aniount.
PROPERTY CUVEUED.
k
';
August
THE CHRONICLK
31, lSfc9,J
might be impaired. [The penalty attached in the flret mortgage to a default in the performance of this covenant is here
omitted.]
COUPOJfS PAID TO BK CANCELED.
first mortgage, an abstract of
Provisions the same as in the
which is given previously.
275
SrrUB B— Payment of Principal May be Deferred bv HolderM.—" Tlt^
holder of any bond of aeries B may deter piymontof tbe prineljial bv
failure to demand the same when due. and iutcres' there ui. as If said
b lid bad not m ilured, shiilt then Ui payable iiotil said piineipal is palft
upon doniaud."
Ilontlhotdrrs Ma}4 Vote at Meetings of SlorkhoUUrt.—" TU railroad oon>paiiy Rives to the ro/lste-eil holder hereof, and will secure to him s > far
as it liwfully may, the right to ea«t one vote for oacb $100 p:tr value,
hereof, at nil meetings of its Bto<;khohleis."
Uiijht lo Nominate iiireelorn. -The. right Is Bcciired to Domioato onehair uf the hijb>»t even niim'ier of the Bo irdof Directors.
",
PROPKBTY NOT NEEDED MAY BE DISPOSED OF.
The company, with the written consent of the Trustee, but
not otherwise, may sell, lease, or otherwise dis|-'ose of, any
PRIORITIES.
property connected with its railroad wliich in the judgment of
Article I. — It is expressly agreed that this mortgage "shall'
the President and Directors of tlie company may not be needed
be subject and inferior to the mortgages and deeds of trust of
for its use, free from the lien of these presents, provided that
prior date hereto and now existing, of or upon all or any part
the proceeds of any sale, lease or other disposition so made of
the property hereby conveyed, as specified in the agreeshall within a reasonable time be invested by the company in
ments of July 15, 1885, and November 21, 1887, hereinbefore
the purchase of other property, real or personal, which shall
mentioned, and subject and inferior also to such mortgage or
be subject to all the trusts hereby dc-lared. or said proceeds
mortgages or deed or deeds of trust as have been or may
shall bo applied as provided by the first mortgage of May 1,
hereafter be made of or upon all or any part of said property
1889, imle.ss said proceeds arise from the sale of equipment on
for the purposes mentioned in said agreements. And it is
which this mortgage is a fir.st lien, in which event the same further covenanted and agreed"
"tliat for
shall be paid to the Trustee hereunder, to be used in purchasthe purpose of retiring or extending or continuing any debt
ing and retiring bonds secured hereby, on terms to be agreed
secured by existing hens upon the property hereby conveyed,
ou by the parties hereto.
the said Wabash RR. Co. may make and record a mortgage or
NO FORECLOSUUE BEFORE AUvJUST t, 1^92, UNLESS TWO mortgages for the amount in the aggregate of all such hens,
COUPON.S ARE IN DEFAULT FOR SIX MONTHS.
and, with the unanimous vote of all the directors of theIt is expressly agreed that all the provisions of this instru- mortgaging company, and with the sanction of the owners of
ment authorizing and empowering the Trustee "to declare due tsvo-thirds of tlie debenture bonds secured hereby, for an
the principal of said bonds or to take possession of the prop- additional amount not exceeding $3,000,000, and that the
erty hereby mortgaged and conveyed and operate or sell the mortgage or mortgages so made and the bonds secured thereby
same, or have this instrument foreclosed after six months' de- shall be prior in equity to the bonds secured by this conveyfault in the payment of either the principal or interest of the ance and to the lien hereof, whatever may be the dates of
bonds hereby secured, are subject to the following clause or said respective mortgages or the record thereof; and that thecondition h?reof, to wit: If default shall occur in the payment cer:ificate of tlu-ee-fourths of all the dLi-ectors of any such
of the interest upon the bonds hereby secured before three mortgaging company attached to or incorporated in such
consecutive years' interest shall have been paid thereon, then mortgage and recorded therewith, attesting its prior equity,
shall be conclusive evidence of such priority; provided, howit is agreed that no proceedings for the foreclosure of this mstrument or for the operation or sale of said property by said ever, that such mortgage sliall require the trustee thereof to.
second party shall be commenced or taken until two cou- certify the bonds secured thereby only on the presentation of
pons shall have continued in default for one and the same a like amount of the debt so to be retired, except as to the-
******
period of six months, jjrovided always that interest when paid
be paid in the order of its maturity, except as delay may
occur through non-presentment of coupons."
sum of $3,000,000 above mentianed."
BOND lOLDERSMAY VO TE AT STOCKHOLDERS' MEETiNGS, ETC.
Article 11.— [See "The Bond" above.] All the bonds
DEFAULT AND TRUSTEES.
secured hereby shall be certified and delivered to the Purchasing Committee to be disposed of in pursuance of the agreement of July 15, 1885, and November 21, 1887. [^The agreement of November 21, 1887, says these bonds shall be issued
" for exchange with the holders of certificates of the Mercantile Trust Company and of the Purchasing Committee, entitling them to debenture mortgage bonds in strict accordancewith the agreement of July 15, 1885, made between the holders of general mortgage and collateral trust mortgage bonds..
and the Purchasing Committee."]
shall
With the addition
of the paragraph just preceding all the
provisions respecting default, as well as those in regard to the
appointment of trustees, are the same in this deed as in the first
mortgage. Therefore the final portion of the abstract of the
first mf)rtgage alxive. beginning with the paragraph entitled
" Default Possession to be taken of the property,-" is equally
an abstract of this indenture, and should be read in connection
with the above.
—
DEBENTURE MORTGAGE OF THE WABASH RAILROAD
COMPANY, SECURING $30,000,000 BONDS IN TWO
SERIES, A AND B, FALLING DUE JULY 1, 1939.
Date.— July
!
1,
1889.
Partien.—The Wabash RR. Co. of the first part, and the
Mercantile Trust Co. of N. Y., Trustee, of the second part.
Property Covered. The conveying clause of this mortgage
is precisely the same as that of the first mortgage [see abstract
above] with the exception that there is inserted in it a paragraph to the effect that the mortgage covers also all such railway property as the company may acquire from the Purchasing Committee under the agreements of July 1.5, 1885, and
November 21, 1887, or every other thing appurtenant to the
property hereby conveyed now belonging to or hereafter
icquired by the company, and all rents, issues and profits
iccruing to the company from said railroads, property and
ippurtenances, and all rights, powers, privileges and franmises belonging thereto, including the franchise to exist as a
;ori)oration.
[The closing paragraph of the conveying clause
)f this mortgage, in which is summarized the property which
it is the intention " that this mortgage shall cover, is word
or word identical with the corresponding paragraph of the
irst mortgage.
See abstract above.
—
'
I
THE BOND
Six Per OentlDebeaturc Bond.
Do(e.-July 1, 188!>.
Denominalton. *1,<jOO f^ach.
Amount AHllmri'.e(l.-^f3",000,000. of which $3,500,030
—
erles
A and
$2(!,500.0<)0 of
ynnci,,iU futiablr.—Jnyy
any
New
are
of
B.
193 i, at the offlca or agency of the coni-
8o,ii<!*
1,
y. rk City.
in
InlertKt yaii<iMe.—AX, the rat« of six
per cent per annum on January 1
from the net income of the company d clamd hi its Dircctpayment, but " such interest shall
otbccuniula'.ive, and no part thereof unpaid in any year from tlie
icome of that year shall be paid from the Income of any other year."
Regiilraliim -iiondu are all regstei-ed. and are transferrable'only on
16 books of the company by the registered owner, in person,
or by
torney upon surrender hereof and upon payment of such reasonable
large as the company's Directors may Hx.
Priori;.!/.— Sciles A bonds "shal be entitled to interest payments
oiu the income of each year, as afores.ald, and shall so f »r have a llrst
in on the earninfc'a of said railroad and preccdene
of tlie remaining
inrts of said total i-»iie."
Series B bonds '• shall be entitled to Interest
lyinenth from such part of the net income of each year a.s may be so
wlared aj>plical)lo atter payment of interest for that year on bonds of
ad July
ra
1
to 1)3 appliiabla to .such interest
;
nea A."
Ilederiplion of Xfrei < Rnndu He/ttre Maturity —9cv\f.» A bond.s are
redeemable by said railroad company at ]par at any time within
enty years from ilm dale of their issue after tlvo years from such
•f^. on the public
.tioii twice a week for foiir weeks in two dally pain New Yorn City of said railroad company's intention
to redeem
r said lionils d ••»ij,'uate4 by their
numbers."
COMPANY'S DIRECTORS TO ASCERTAIN NET INCOME APPLICABLE TO INTEREST.
Article III. The company in the months of June and
December in each and every year shall cause the Board of
Directors to ascertain and declare the amount of net income
applicable to the payment of interest on the bonds secured
hereby. "Such amount shall be ascertained by deducting
from the gross earnings of said company all current expenses
for operating said railroad, and such sums as in the judgment
of said Board of Directors may be necessary to maintain and
renew said road and its equipment and appurtenances, and to
keep the tame in good condition and to increase its equipment
to such extent as may be commensurate with its business requirements, and to pay taxes, rentals, interest and sinking
fund instalments accrued or to accrue on any and all mort-
—
gages existing on the property hereby conveyed, and to satisfy
all liens and charges thereon that are or may be prior in equity
to tills mortgage.
" From the net income thus ascertained tlie said Board of
Directors shall first set aside an amount sufficient to pay, on
the first day of the month next following, interest at the rate
of six per cent per annum and for a period of six months on
all the outstandinjj debenture bonds of the series "A" secured
hereby. If the said net income shall not be sufficient to pay
such interest in full, then it shall be wholly applied so soon as
it amounts to one per cent of said bonds towards such interest
payment. " If said net income shall exceed the amotmt needed
forjpayment of interest as aforesaid, the Board of Director*,
shall in like
manner
set aside
money
for the
payment
of inter-
est on series " B " bonds, and if the excess be not sufficient to
pay such interest in full, it shall be whoUy applied so soon as.
it amotmts to one per cent of said bonds towards such interest.
The Board of Directors shall publish in a New York City
newspaper in both June and December the amonnt of interest,
if any, payable on series "A" and series " B " bonds on January 1 and July 1, and interest payments shall be made accordingly.
"But it is expre.-)sly agreed that such interest sliall not
be cumulative, and that no part thereof unpaid in any year
from the income of that year shall be paid from the income of
any other year."
DEFAULT -PRINCIPAL MAY BE DECLARED DUE.
Article IV. In case of default by the company in causingits Board of Directors to ascertain and declare, or by said
Board of Directors in ascertaining and declaring, tlie amount
of income in any year appUcable to the payment of interest on
either series of bonds, or in ease of default by the company in
paying any amiount so ascertained and declared, then the
Trustee may at its option, and shall, on the written request of
holders of a majority of the bonds of either series then out.
—
THE OHRONICLR
274
a^
:
XUX.
^he (fDotnmetJCial jtimes.
COMMERCIAL EPITOME.
on the
sUnding. declare by writing served
<'°"'Pp^y°l^^J.''^
of said series is
bonds
SofficCTS, that the princiH of all the
become forthwith due
d^lSd the "ime shall thVreuponof time
may nevertheless be
extensions
S^Ue
^
[Vol.
but further
majority holders.
given by written direction of such
Friday Night, Aug. 30, 1889.
DKFAULT-rOSSESSION MAY BE TAKEN.
increase in trade and a good average fall
been
an
There
has
of default
AnncLE IV (Continued.)—Thereupon, or in case
The outlook for the crops is
interest upon business is generally expected.
fofS^months in Uie payment of primipal and
and
mtent
is less fe<<r of monetary stringency,
there
and
promising,
true
very
witrthe
InvTf he bon<b due In accordance
any covenant hereThe com crop is
.
I
of
meaninjr thereof, or in the performance
on being requested therercorainea^e Trustee mTy, and,majority
value of either
unto in writing bv the owners of a
take possesbonds then outstanding, shall, forthwith
applvng the net income
riSi of and operate the property,
said outpro mta to the payment first o? interest on the outmterest on
aSadiuK bonds of series A and second of
application the
n| Iwnds of series B. In making such prescribed for
herembefore
method
the
pursue
shall
^ustee
on each
a^rtaining income applicable to interest payments
interest payments the
such
to
apply
shall
and
boniU
of
fl^es
respect to
income of each six months, givmg preference
to the bonds
such payments out of each six montfis' earmngs
in the payment
of series" A, but not making up any deficiency
the revenues ot
of interest on series A during any year from
any other year.
DEFAULT-PROPERTY MAY BE SOLD.
m
S^f
&°n.m
S
and
To-day 75
aty at
m
aforesaid,
Article III (Continued.)— In case of default as
in writing as aforethe Trustee mav, and upon being requested
as aforesaid, prosaid shall, after entering upon the premises
sell the raiboad property
and
mortgage
this
foreclose
ceed to
givmg six weeks
hereby mortgaged at public auction, after
notice of the proposed sale.
DEFAULT-JUDICIAL PROCEEDINGS MAY BE TAKEN.
above
Or the Trustee mav. and upon being requested as may
law, as said Trustee
shall, proceed by suits in equity or at
or to foreclose
be advised, to enforce payment of said bonds,
railroad property hereby contliis mortgage and to sell the
veved under judicial decree.
And it Is hereby expressly agreed that the rights of entry
and sale hereinbefore granted are intended as cumulative
remedies, and shall not deprive the Trustee or the beneficiaries
remedy
acting through such Trustee of any legal or equitable
appropriate to enforce the provisions of this mstrument. provided that aU such proceedings be taken by the mortgagee or
colTrustee, and not by bondholders, either mdividually or
lectively.
BAUS-PRINCIPAL OF BOTH SERIES TO BE PAID WITHOUT
PREFERENCE.
ARTICLE rv. {Contimied.)—ln case of any sale under the
provisions of tliis mortgage, the proceeds of sale shall be
applied pro rata and without discrimination to the payment
without
first of the principal of all said bonds of both series,
pi«ference of one series over the other; " but should the proceeds of sale exceed the whole amount of priDci])al due on all
the bonds of both series then outstanding, the excess shall be
applied first to the payment of past due interest on series A,
the next to pajTnent of past due interest on series B."
collections are reported satisfactory.
expected to be unusually large. General trade seems to be in
a prosperous condition.
Lard was at one time weak, but took an upward turn to-day
owing to the firmness of other provisions. The trading was
light here to-day, though latterly it has been fairly active.
tes.
Western on the spot
sold at 6-50c.
and 100
tes.
610c.
DAILY CL08IN0 PRICES OF UkRD FDTnBER.
Salurd'y. Mond' y.TaeKd'y.Wedn'stl'y. TMlrtcPy. Friday.
Sept. fl«ltverr....c. G-23
c. C'30
Oct. delivery
Nov. deliveiy
Dec. delivery..
Jan. delivery
c.6-2.5
.0.
618
o.
6'17
6-31
6-34
6 2tJ
6-20
6-20
6-40
6-3S
6-30
6-20
6-20
C-30
6-36
6 24
6-v!0
637
6-34
6 21
C-20
6-49
6-45
6-35
6-2.5
619
6 23
Pork was higher to-day in response to a sharp advance in
Chicago, where there was an active demand from "shorts,"
a corner being feared there. Here new mess was quoted at
$11 75 a 512 50, with a small jobbing trade. Extra prime was
still at $10§$10 50. Be3f ham3 have been quiet at §15^315 35
for jobbing lots. Beef has been in moderate demand at generally nnchanged prices. Cut meats have been in fair demand, closing steady with pickled shoulders at 4:%@i%c.; do
bellies, 10 to 14 lbs., Q}4@1}4c.; do. hams, lOi^^oclOJ^c, and
smoked shoulders, 5;'V^c. Tallow has advanced to 4 13-16@4;8C.,
with a fair demand. Stearine has declined to 7(3 7)<c.. Oleomargarine is still quoted at 5J|(g6c. Butter has been quiet at
ll@19i2C. for creamery. Cheese has been quiet, and to-day
declined to 8<a8,i^o. for fancy State full cream factory.
Coffee has been fairly active at some advance, prices showing a net rise for the week of 25 to 30 points, owing partly to
reports of drought in Brazil and prospects of a small crop and
partly to an advance in Havre and Hamburg. To-day prices,
however, were 15 to 20 points lower than yesterday, owing
partly to an unexpected decline of IJ^f- in Havre and partly
to selling for local account and on orders from Brazil. The
6-19
warehouse deliveries are smaller thus far this week than for
same time for two weeks past, and the receipts at Rio
and Santos show some increase. Tiie stock at Rio Janeiro is
408,000 bags, against 201,000 bags a year ago. The American
visible supply is 4.30,620 bags, against 316,322 bags at this time
TRUSTEE .MAY PURCHASE FOR BONoHOLDERS.
The selhng for Brazilian accoxmt is interpreted ase
last year.
Article v.— At any sale of the premises the Trustee may indicating that the outlook for the crop is not so unfavorabl
purchase the projjerty sold at a price for the whole of the as at one time reported.
property so sold not exceeding the whole amount at par of
Seed leaf tobacco has been active of late at firm prices. The
bonds then outstanding, and in the same proportion should sales have embraced 700 cases, cropl888, Wisconsin Havana at
only part be sold. And bonds secured hereby may be used in 7,a)13c.; 800 cases, crop 1888, State Havana at ll@13c.; 500
payment of purchase money.
cases, crop 1888, New England Havana at 16 .i22c.; 150 cases,
UNTIL DEFAULT UNNEEDED PROPERTY MAY BE RELEASED. crop 1888, Pennsylvania Havana at 11 't 12c.; 200 cases, crop
Article VI. ^Until default the Trustee may release from the 1888, Dutch at 9^ lie; 120 cases, crop 1888, New England seed
lein hereof such portion of the property conveyed as in the ex- at 18 a 20c.; 200 cases, crop 1887. Pennsylvania seed leaf at
ercise of its discretion it may be satisfied should be disposed of, 7(8 14c.; 100 cases, crop 1886, Pennsylvania seed leaf at 11%(S
either becau.se the same has become undesirable for the com- 12}>^c.; 70 cases, crop 1887, New England Havana at 15,dl7c.;
pany, or because it appears to be for the interest of the benefi- 120 cases, crop 1887, Wisconsin Havana at 11 13c.: 200 cases
ciaries under this instnmient that the same should be released sundries at 5;d3.5c.; 1..500 bales Havana at 72c.(a$l 15; 300
or replaced by other property either of like nature or more de- bales Sumatra at §1 40^ $2 20. Kentucky tobaoco has been
The sales have been 400 hhds.,
sirable for use in the ousiness of the company; provided tliat rather more active and steady.
the proceeds of any such sale shall be paid to the Trustee for including 200 hhds. for export. The harvest has commenced.
the benefit of the holders of Ijonds secured hereby, or to the
On the Metal E.xchange tin has been rather more active,
Tru-stee under any mortgage prior in equity for the benefit of closing quiet but steady at 20-50c., for Straits on the spot,
thereunder,
or if the proceeds shall be showing an advance for the week of 35 points. Novemba:
boncUiolders
used for the purchase of property to be substituted for the closed at 20 -250. Lead has sold more freely, and closed firm
proi»rty sold, the said substituted property shall be by proper at 3-87i!jc. for domestic for September. Copper has been quiet,
mstrunients transferred to such Trustee for further security.
and closed nominal at ll-90c. for Lake Superior for September.
TRUSTEES— APPOINTMENT, ETC.
The combination prices are 12c. for Lake Superior on the spot,
Abtici.e Vn. The Trustee shall notl>e required to take any lli^c. for Arizona and Montana and lOJ.^c. for casting brands.
:''"
action hereunder until it shall receive satisfactory Pig iron has been more, active and firm, with No. 1 American
the
—
•'
—
that may result therefrom.
'1 ...
'.
.1' sliall not be held responsible for the consequences
of any att <lone or omitted by it in good faith, but only for
wilful neglet:t or misconduct.
Should any Trustee resign or for any reason be removed or
be unable to execute its trust, its successor in the trust may,
within sixty days from such resignation, removal or disability,
be chosen by the holders of a majority in value of tho outstandinK bonds at a meeting to be held either in St. Louis or
New York City upon notice published at least twice a week
for throe successive weeks in a newspaper in each city. Such
meeting may be called by any bondholder, and shall be called
by either of the parties hereto at the request of holders of
fl,(XX).000 bonds at par.
Should no successor be chosen by
the iKuulholders, the company shall have the right to ajipoint
fur o.\]Kmses or
1
,
such successor.
damage
i
(Northern), $17(rt)S18; No. 2, S16<i.?17; Gray Forge, §15®
No. 1 Southern, delivered at New York, §16 50®
§15 75
§16 75; No. 2, $15 35(d§J5 50 No. 3, $15 25in §15 25. Scotch
pig iron has been neglected. Eglinton is quoted at §20(0 §20 50,
and DalmeUington at $20 25,tf$20 50. Steel rails liave beaft'
firm at §37 50 <x $38, but no large transactions are reported.
Spelter in the open market has sold at 5-10i(t5-15c. for domeft-i
tic for August, September and October.
44@44i^c. Rosm
Spirits turpentine has been quiet of late at
has been dullat§l-02,i.; «)§l-05 for common to good strained.
Refined ijetroleum has"st<xxl at 7-20c. Crude petroleum cerbeen
tificates closed at 97«^@97Jic., a decline of ?ic. Wool has
dull and weak. The sales have included 5,000 lbs. domestic
terriileece at 34c., 102,000 lbs. Texas at 19iu,33c., 10.000 lbs.
pulled at 35c. and 50 bags low scomw
tory at 21c., 6,000 lbs.
fleece at 40c,
I
;
;
X
.
August
.
Friday. P. M., August 80, 1889.
The Movement of the Crop, as indicated by our telegran.*
from the South to-nipht, is gi^en below. For the week ending
this evening the total receipts have reached 87,700 bales,
against 6,533 bales last week and 1.406 bales the previous
week, and 1,005 bales three weeks since.
at—
New
Man.
Sat,
1,069
Galveston
El Paso, &c...
2,995
1,137
461
398
934
146
Thuri.
Wed.
r«e».
2,113
420
98
Orleans...
Mobile
.
THE CHRONICLE.
31, 18F9.|
COTTON.
Keceipts
.
.
Fri.
1
115
412
329
96
I
2,636
5
1,737
1,911]
170
Total.
12,491
5
4,005
1,330
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
add similar figures for New York
at the ports named.
which are prepared for our special use by Messrs. Carey, Yale
Lambert, 34 Beaver Street.
We
Bavannali
844
1,060
1,577
9
21
4
1,472
1,736
29
52
1,878
32
Wilmington
172
57
33
1
Wasli'gton, Ac
Norfolk
2
125
West Point...
202
174
150
340
78
11
N'wp'tN'8,&o.
New York
3
not clean d—for
Leasing
Oreal
Fratue. Other
Britain.
Foreign
Ouatt-
^few Orleans.
Mobile
Charleston
.
Savannah
Galveston
Norfolk
I
.
.
.
Now York
309
172
None.
None.
None.
3,133
None.
10,500
1,000
leiie.
128
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
Stuck.
Total.
'
None.
None.
009
None.
50
50
495
12»
4,200
5,682
None.
14,850
1,000
3,643
5,464
31
19,761
4,828
1,300
3,f.50
None.
None.
4,200
2.549
None.
None.
None.
3,178
6,799
26,391
41,233
2,303
3,177
22.7.". I
158,683
68,106
6,391
8,567
Bmnaw'k, &c.
Charleston
Port Eoyal,&c
&
On Shipboard,
Aug. 30, nf—
Other ports.
Florida
275
2
1,069
11
3
Boston
Baltimore
Total 1889.
14,805
1,609
Total 1888..
Total 1887..
12,168
11,862
None.
2,932
5,348
3,2.50
!
[
18,289
The speculation in cotton for future delivery at this market
has been less active, and the August option has declined
sharply, while other months have shown a moderate appreciaOn Monday rather heavy sales of August for long action.
count, a fall in Liveniool, an advance in the rates for ocean
freight room, and selling by the South caused a general deBut the
cline, which was especially marked in August.
weekly reiwrt of the Signal Service to the effect tiiat damage
had been done to the crop by boll worms and cateriMllars, together with the announcement of large sales for export and a
5,072 4,364 6,839 27,709
Totals this week 3,174! 4,450l 3,811
steadily diminishing stock here, caused some covering, and the
For comparison we give the following table showing the week's closing prices were slightly higher for some of the later opOn Tuesda.y August and September options were lower
total receipts, the total since September 1, 1888. and the stock tions.
and later months a little higher. There wai a further decline
to-night, compared with last year.
in Liverpool and a renewal of the liquidation in August here.
Stick.
1887-88.
1888-89.
August was 10
Prices were irregular on Wednesday.
Receipts to
points higher on Thursday, owing to a demand from shorts,
Tliia
Since Sep.
T/iw IShuxSep.
Auaust 30.
1889.
1888.
and other options advanced moderately, but there was a reacWeek.
Weelt.
1, 1887.
1, 1888.
To-day there was an advance, owing
tion before the close.
Il,li6
Galveston... 12,491
6,716
1,269 partly to a rise in Liverpool, w-here there is a good trade reEl Paso,&c.
5
ported, partly due to buying of September for fox'eign "long"
3,356
20,33.) account and also by shorts, and partly to fears of a scarcity of
New Orleans. 4,005
5,437
Mobile
1,350
580
495
1,511 cotton here in September by reason of the large exports to
552
Florida
Liverpool, where i^rices are sufficiently high to attract imme8,56';
Savannah. ..
8,863
7,843
7,226 diate shipments, September being at a marked premium over
Philadelpli'a.&c
!
\
j
12
Brans., AcCharleston ..
P. Koyal,&c
Wilmington
Wash'ln,&c
.
2,108
170
1,084
33
153
157
212
2
170
69
31
137
941
34,611
4,78S|
141,635
1,500
S50
2,353
67,624!
181,434
Norfolk
West Point.
1,069
11
3
NwptN.,&c
New
York.
Boston.. ..
Baltimore.
Phirdel'a,
11
5
13
&c
Totals
I
27,709;
2,000j
94Gi
23.639;
.1
In order tliat comparison may be made with other years,
give below the totals at leading ports for six seasons.
Seeeipts at-\
1889.
..
12,496
4,005
1,350
8,567
Charl'st'n,&c
172
Wilm'gt'n,&c
Norfolk
W't Point, &c
33
2
1,080
4
1,534
27,709
23,639|
Galv'ston,<tc
New
Orleans
Mobile
Bavanuab.
All others.
.
1886.
1887.
1888.
6,716
3,356
580
8,863
2,198,
9,281
10,359
2,009
10,343
5,111
13,192
3,753
170
69
1884.
10,428
2,806
641
11,193
3,013
5,315
1,080
302
435
161
331
76
5,387
912
46
384
660
102
275
153
1885.
we
543
the later options. The aggregate fading here was not large,
and the receipts at the ports were unexpectedly liberal. Cotton on the spot lias shown no change, and has been in the
main steady or firm, the close being quiet at 11^,0. for middling uplands.
The total sales for forward delivery for the week are 299,500
bales.
For immediate delivery the total sales foot up this week
18,005 bales, including 13,941 for export, 4,064 for consumption,
for speculation, and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
each day of the past week August 24 to August 30.
—
—
—
UPLANDS.
1,169
118
1,109
1,607
39,309!
24,234
30,025
10,337
Blnce Sept. 1.1
9',«
10>8
-
10i»i«
Good Middling.
Middling Fair
.Ilia
1112
.il2
12
for the week ending this evening reach a tota
of 17,948 bales, of which 16,493 were to Great Britain, STG
to France and .'580 to the rest of the Continent. :Below are
the exports for the week, and since Sept. 1, 1888.
WUIC
Aug
30.
Prom
Contt-
Total
^„(
Wetk.
Oreat
BrUain. France
Brulini)
Exporttil to—
Exvrirti
Great
from—
Brit'n. France
Exported to—
GalveBton
Kew
Orleans.
Sept.l. 1888. tc
1,740
Mobile
Barannah
Conti„,„{_
Low
Sat.
.sglb.
STAINED.
Low Middling
Middling
87«
5.630
S09
SOW
Baltlinore
Plilla(ieip'a,Ac
»Ol;il 1R37.8S.
1H.498
S76
so
512
J.lrtO
17,n!8
17.. 45l
1211,8
135iB
|135,«
Il3-'ii.
Wed Tb.
19
9
97,8
97,8
97,„
103b |103a |lO%
Frt.
9
I
97,8
I
Sat.
111).
....
!
8=8
9I4
10-18
97,8
10%
Tncs Wed Tb. Frf.
IWoii
!
8=8
H^t
S^
914
9Ki
914
|I0»,a il0<,6 |10a„
'
I
I
I
I
!
-•[103,8
MARKET AND
S'-s
OH
10',,
8^8
914
lO'iB
SALES.
SALES OF SrOT AXD TBAX«tT.
14.194
I214
12U„
The total sales and future deliveries each day during the
week are indicated in the following statement. " For tlie convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
CLOSI-:i>.
.
Total
I
12
I214
10ia,e
1115,8 115,8 1115,8 115,8 115,8 116,g
tl",^ ll«,a Ifia 11»16 ll'lB 119,8
11^4
1134
IIH n-H 1134 11%
I2I4
I2I4 II2I4
I2I4
12'4
121*
il2i2
121^ 1I2I2
121-3
121a il2ia
1216,0
1215,,
:i215i,
12l5,6,a21Hf!l21B,g
139,8 139,8 1 39,8 1139,8 13^,8 139,8
;
Good Ordinary
Strict Good t)rdiuary.
19
12
10i-> 8 lOi^if 10ii,«'10'-:'!f 101:'-,,
Middlini;..
SPOT MAHKET
West Point.
Nwpt NWB, &c.
Boston
I214
9
97,*
Middling
....
Yorlc..
I12
,1214
12
ll2u,Jl2Uie
inon!Tne»
!
9
10%
Good Middling
Strict Good Middling.
WIlmlnKton...
Norfolk
New
im«
1214
.!l2>4
'1211l„ 1211;
GULF-.
Bmnswick
oarletton
9'l«
!lois
1018
10 le
10»,8 lO'ie :10J,« 109ie
111,„ |lllt„ [111,B
H6,e 115, a ii6,g ll^ts
III2 1III3
III3
llifl
13ii« 'I3^in' il3>i
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
Fair..
8%
10%
10 18
-iil'ie
Middling Fair
The exports
8%
834
9',„
10»ie
ll'i«
ll^i*
Fair.....
Strict
Tot.thisweekl
8^
.
.
Strict
5,151
2,119
141
343
'.
Tb. Frt.
8%
8%
inoni'rae* fVed
Sat.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
Strict Low Middling..
Middling
Good Middling
Sat.
.
.Mon
.
i'x-
Oon-
port.
tuwp.
Firm
13,322
l,04!l
ttrni
219
340
riien.
Quiet
Wed
Ea.-iier
Ihiu:.
"66
Total
13,941
Steady
Frt.. Quiet
The
....'
36.':l
502
1
Spec- Tran-' _ , ,
Total.
uVl-u tit.
33.300
"-^T
i;i.iiOO
:..
......iJt;
'.'00)
.
....
,iHi'
56!ii
221
\
FCTCRES.
lD'Hr>_ ,
Snlet. \critB.
l."i.271
435!
4,0(!1'
|
.
,
-..-1
.,..|
2il| 3li,700
....'lS.005;2»!),")00
....
given ahovc arc actually delivered the day
provioms to that on which they are reiiortcd.
d.illy lij-llvcrtc.H
.
.
THE CHRONICLE
276
Thk Sales and Prices of Futukes
are shown by the follow-
to-ni}jlit, as made up by cable
The Continental stocks, as well as
are this week's returns,
the
afloat
those for Great Britivin and
and consetiuently all the Euro]iean figures are brought dowm
But to make the totals the complete
to Thiursday evening.
figures for to-night (Aug. 30), we add the item of exjx rts from
the Unitetl States, including in it the exports of Fridi.y only.
The Visible Supply of Cotton
and telegraph,
injf coiniirehensive table:
XUX.
[Vol.
is
as follows.
1886.
1889.
1888.
1887.
bales
482,000
17,000
384.000
3 5,000
532,000
41,000
4.'j<i.000
Total Great Britain stock.
Stock at Hamburg
499,000
2,800
19,800
7,000
399.000
3,300
28.000
6,000
573,000
4.900
62,200
27,000
476.000
3,000
32.300
21.000
Stock at Liveriiool
Stock at Loudon
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
at .\uistcrilani
20,000
15,000
75,000
3,000
44,000
5,000
4,000
300
700
200
900
101,000
3,000
45.000
6,000
10,000
188,000
2,000
53,000
4.000
9,000
113.000
6.000
43,000
14,000
7,000
Total Continental stocks
175,900
203,300
351,200
240,700
Total European stocks.. ..
India cotton afloat for Europe
674,900
46,000
33,000
4,000
602,300
45,000
23,000
18,000
181,434
13.278
1,285
924,200
99,000
55,000
31,000
86,395
716.700
6,792
6,280
3.'i,934
Amer.
300
Holtcrdam
at
at All t worp
at Havre
at Miiracilles
at Harceloua
at Genoa
at Trieste
cott'n afloat for
Europe.
EKypt,Brfvzil.&c..afltforE'r'pe
67,6.'4
Stock in United Statics ports ..
Stock in U. S. interior towns..
United States exports to-day.
.5,812
3,399
1
300
1,100
l;to,000
3(i,000
3.000
173,123
2,540
834,735 884,297 1 .218,667 ,097.297
Total visible supply
Of the above, the totals of American and other descriptions are as followsAmericaii,
237,000 278,000 302,000
bales 266,000
Liverpool stock
—
American afloat for Europe.
1,285
173,000
55,000
86,395
16,792
6,280
154,000
36,000
173,123
35,934
2,540
561,997
615,467
703,597
216,000
17,000
81.900
46,000
4,000
147,000
15,000
97,300
45,000
18,000
254,000 154,000
41,000
20,000
178,200
86,700
99,000- 130,000
31,000
3,000
364,900
469,835
322.300
561,997
615,467
834,735
884,297 1,218,667 1,097,297
94,000
33.000
67,624
5,812
3,399
106,000
23,000
181,434
13,278
469,835
.
United States interior stocks..
United States exports to-day.
Total American
East Imiiav, Jirazit, die.
Liverpool stock
I>ondon stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
Total East India,
Total American
Tot.al visible
—
&c
supply
Price Mid. Upl., Liverpool
Price Mid. Upl., New York
603,-200
5iii,d.
llii.c.
6'9d.
lliflc.
^' The imports into Continental ports
393,700
703,597
5i8d.
S^ad.
10c.
O'ltf'
week have been
this
9,000 bales.
The above
figures indicate a decrease in the cotton in sight
49,563 bales as compared with the same date
of 1888, a decrease of 383.93'3 bales as compared with the
corresponding date of 1887 and a decrease of 262,563 bales as
compared with 1886.
to-night of
AT THE Interior Towns
movement—that
the
is the receipts
the shipments for the
week, and the stocks to-mght, and the same items for the
corresponding period of 1887-88 is set out in detail in the
following statement.
week, and since September
for the
1,
—
a
r
-
S® 1
«<
H
c..
So w
o
:i
^- -S^'^''
P.
.
,
.
.
tOK).
.
§5
2.'^ £*"-="
BB.
s ». s.
•
>
.
1^18
.
.03
»]
fee oj-t;
"wo: •-CI-'
«3
H3
aif>.;
•
aoo;
coci;
ooo:
03O'
•*
Inolud«S8 sales In September. 1888, for September,
165,300; 8<>nt«m*e^OoU>ber.fornrtobpr, 394
1 00; i-'-i'n.-'ui
tn:i -ill* > Kill oer, ror
""--f^"^'
8eptember-Novcmbcr,
forKovofub".
INOvombert
RoK K/wk 8ep(.-ml.<-r-l).ccn.ber,
tj
.
i
«89,500j
for December, 980,400; September,
January 1,650,5(M); Scpteniber-Fobruarv, for I-Vbr
a^v
SfptrmhiT-Marrh. for Muich, 1.1144.S0O: SeptoiiiDer-Ain^l
2? April. 1.257.-100 .Sp,,t«iul.w-May,
for
for May. l.Sim.loo, Senternhnr-'
June, for .lui.,.. l..jr,<!.ooo; Scptembei-July, for July, l,09ii,00o
'"'''"Iwl in the above tabic, anfl shall
continue each
Hr.y^'""»
*•" a^w™?" price of ^ltures each day for each
month
ZSflf".'^'*!'
';.
Ciit^
lf*'M
^'X*-'
to:
<ivo
QC Ci C»
(-"'KMCipfc IC-o:
c^qowo:o30'0
o
s
^
^1
;
M
CO
W to CC CO H-
w»teo>-'iM-'
rf*.
**
w
CO )^ to 4^
M CO ^ 00 h- Ci O
k-i )(k
I-'
OSMlOX^CO*»>H'CO»t'*^OODON;«C-J©Ci
'
\^
;
—
'°,"'"' '"."'*''
a«? 'ollowInK the abbreviation "Aver
ril,5* for ea<h month
"tE*".
»Ter«(5c
for the week Is alao (?lven at bottom of
.MM
n
"The
<IMI0C0:
OCT-
table
OMtfr-tO
to c» CO (^ CO ro ly
MCOO'COWtOrf^CO
»i5SS*'*J'^'''
"r''""",":;^."^'^'*"^' 10'75c.: Monday, lOOSc: Tuosdav
10-50C.; Wednesday,
lO-SOc:
'^'
•rtiursday, 10-5.5c.;
Kiday,
id'eoc.
The following exchanKes have been made during the
week:
.
V
-21 pd. to cxch. 500
,
.,
„
.
Nov.
for
Oct.
•61 pd. to cich. 1,000 Feb. for Aup,
~X)2 pd. to exch. 200 Nov. for Jan.'
.
.^^
^^^j
to CO
8S:
^ exch.
•06 pd. to
300 Dec. for Nov.
exch. 200 Jan. for Feb.
*
t
The Hgures
M C5 00 K
^ tc oi M to CO
O
h- CD 10 CO O '-CiM
H* to
OilOtOCOtOCOCDCO-J'J
for Louisville in
(fi.
c;i
both years are " net."
This year's flgures estimated.
»(>•
S-fs
.
!
August
THE CHRONICLR
31, 1889.]
Tlie above totals show that the old interior stocks have
decreased during the week 78 bales, and are to-night 7,466
bales less than at the same period last year. Tlie receipts at
the same towns have been 1,359 bales 7nore than the same
•week last year.
Qdotatioxs fob Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
CLOSING (jnOTATIONS POH MIDDLFN
Week endinu'
August 30.
COTTON
ON-
277
Shreveport, Louisiana.
79, the highest being 95 and
the lowest 65.
have had no rain during the week.
Leland, Mississippi.
The thermometer has ranged from 62 to 92, average 76'9.
Greenville, Mississippi. Crops are in tine condition.
No
Average thermometer 77, highest 89 and
r.-iin all the week.
lowest 64.
('olumbiis, Mississippi.
Dry weather and worms, it is
claimed, have reduced crop prospects fully 20 per cent in two
weeks. The thermometer has aveiaged 72, ranging from 56
—We
—
—
to 86.
—
—
'
Galveston...
New Orleans
Mobile
Savannah...!
Charleston.
.1
Wilmington.!
Norfollc
Boston
Baltimore-..!
Philadelphia
Augusta
..'
..
Memphis
...
8t. 1,01119 ....
Cincinnati
LouiavUle.
. .
. .
1
Wednes.
Satur.
Uon.
Tuea.
1138
11»8
11
Ilia
10^8
III4
11%
III4
11
11>6
11
11
11%
11
10'8
10^
103i
FH.
Thurs.
11
10i6|a
11%
11%
11%
11
11
11
10%
10%
IIH
10%
10%
IIH
IIH
11=8
11»8
11
11
11
11»8
11=8
11 =s
11=8
11
11
11
11
11
11>4
1138
10%
10%
11'4
IIH
11 14
11>4
11
llu
ll'Ssi^
1158®% 11=8®%
1158«% 11!58®% ll»8a%
11>4
ll"*
11=8
11»8
11
11
11
11 »8
ll'^S
H»8
11=8
11
11
11
11
11'4
1138
im
1138
11
11
ll"*
1138
IIH
11%458
11
\IH
llJa
—
Receipts P^om 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.
Wttk
BecrtpU o< the Porta. St'k at Interior Tovma. Hec^pta from Planftht
1887.
1888.
Jllly2B
8.581
8,0.33
1,710
27,931
28.163
9,63-
Aotr. 2
"
9
" 18
),4f'9
6,38«
911
26,018
83.6S..
9,15>'
7.2:0
9,615
1,010
23,9rt7
20.385
9,64 f.
l,40fl
20,981
ie,2n
7,848
7,390
23
iii.a'.o
1R.44K
1N,517
6,982
18.991
7,20:
39.309
23.839
27.709
23.V56
23.793
15,155
8,727
18S7.
••
30
.
1888.
1889.
18(-9.
1887.
1,830
1888.
4.728
1,906
5,219
8,668
19,540
3U,8i6
18»<9
512
412
6,615
1S,3 8
84fl
18,i;64
6,349
2V03
2f,2i9
The above statement shows that, although the receipts at
past week were 37,709 bales, the actual
movement from plantations was 29,329 bales, the balance
the outports the
going to increase the stocks at the interior towns. Last year
the receipts from the plantations for the same week were
23,803 bales and for 1887 they were 39,846 bales.
Weather Reports by Telegraph.— Reports to us to-night
by telegraph indicate a continuance of quite favorable weather
conditions during the week. While caterpillars and boU
—^There has been no rain all the week.
The thermometer has averaged
Meridian, Mississimii. Rain is needed. Rust and worms
are doing damage. Picking is general.
Vicksburg, Mississippi. There has been no rain all the week.
It is claimed by the most practical farmers that there is the
finest prospect for a cotton crop in the Delta than has been had
for years. Picking has commenced in some localities, and
In a few districts worms have
will be general next week.
appeared, but their growth and work have been stopped by the
and
is
it
not feared that they will do any
use of poison,
damage. I have just interviewed a large planter who has
an
area
of
sixty
miles in the Delta, and he claims
been over
that the stalk is large, heavily fruited and well matured, and
that fully ten per cent more cotton has already been made than
the entire crop last year. He also says that if the worms
destroy the foliage after September 15 the plant will be benefitted.
He further states that the only thing now troubling
farmers in the Delta is the outlook for cotton pickers. The
tliermometer has averaged 81, ranging from 70 to 93.
Little Rock, Arkansas.— The weather has been dry and fav_
orable for maturing cotton during the week. Wliile there i
no suffering yet, light rains now would help the uplands. The
worms in this section have been overcome for the present. The
tliermometer has ranged from 65 to 89, averaging 77.
Crops are progressing finely. Worms
irelena, Arkansas.
are reported but have not done much damage. Our first bale
arrived on the 28th against the 16th last year. No rain all the
week. Average thermometer 76, highest 88, lowest 63.
Nashville, Tennessee.
It has rained on one day of the week,
the rainfall reaching two hundredths of an inch. The thermometer has averaged 74, ranging from 58 to 88.
Memphis, Tennessee. The weather has been dry and hot all
the week, with light rains in the vicinity. Rain would be
welcomed on uplands, but none is wanted in bottoms. Cateipillars and boll worms are reported in many fields, but no
damage of consequence has been done. Seventeen new bales
received to date. The thermometer has averaged 77, the
highest being 90 and the lowest 65-5.
Motnle. Alabama. One light shower during the week, the
precipitation reaching three hundredths of an inch. Damage
is reported from rust, worms and shedding.
Picking is general and active.
The thermometer has ranged from 67 to 90,
—
—
—
—
worms have appeared in a number of dLstricts they have, as a
averaging 79.
rule, done little damage as yet.
Picking is becoming general
Montgomery. Alabama. — The weather has been warm
all
and makes excellent progress. Our correspondent at Vicks- the week, with showers on two days to the extent of six hunburg represents the outlook in the- Yazoo Delta to be very dredths of an inch. Picking is progressing finely. Average
tliermometer 77, highest 89 and lowest 65.
promising.
Selma, Alabama. Rain has fallen on one day of the week,
Oalveston, Texas. This week's receipts all new cotton, makto the extent of two inches and thirty hundredths.
The thering thus far tins year fifteen thousand eight hundred and
mometer has averaged 77, the highest being 90 and the lowest 64.
sixty-four bales. There has been one light shower, the rainAuburn, Alabama. The week's precipitation has been
fall reaching five hundredths of an inch.
The thermometer twenty-one hundredths of an inch. The thermometer has
has averaged 81, the highest being 86 and the lowest 7.1.
averaged 76'1, ranging from 60 to 90.
Palestine, Texas.— We have had light showers on two days
Madison, Florida. Telegram
—
—
—
of the week, the precipitation reaching thirteen hundredths of
an inch. Crops are good. The thermometer has averaged 80,
ranging from 65 to 95.
Dallas. Texas. The crop continues exceedingly promising.
No rain all the week. The thermometer has ranged from 64
to 94, averaging 79.
San Antonio, Texas.—It has rained splendidly on two days
of the week, the rainfall reaching one inch and ten hundredths.
The crop is excellent and picking active. Average thermometer 79, highe.st 91, lowest 67.
Brenham. Texas.- Rain is badly needed, especially on sandy
lands. There has been only one light shower during the week,
the precipitation reaching twenty hundredths of an inch.
Picking is active. The thermometer has averaged 79, the
highest being 94 and the lowest 65.
Belton, Texas.— It has been showery on one day of the week,
the rainfall reaching thirty-seven hundredths of an inch.
Moisture is needed. The thermometer has averaged 79, ranging from 62 to 95.
—
Weatherford, Texas.—The weather has been dry all the
week. Crops are fine. The thermometer has ranged from 58
to 92, averaging 75.
Huntsi-ille, Texas.— Telegram not received.
Liding, Te.rn.i.— Crops are good, and picking is progressing
finely.
We have had showers on two days of the week. The
thermometer has averaged 79, ranging from 66 to 92.
Coluvibia. Texas.— There has been one good shovwr during
the week, the rainfall reaching thirty-seven hundredths of an
inch. The crop continues very promising, with active picking.
The thermometer has ranged from 68 to 90, averaging
Cuero. Texas.— Picking is progressing well, and the crop
promises to be very large. Dry weather has prevailed all the
week. Average thermometer 82, highest 96, lowest 68.
New Orleans, Louiinana.— It has rained on one day of the
week, the rainfaU reaching fifty-six hundreds of an inch.
Average thermometer
81.
—
not received.
Columbus, Georgia.— Cotton is opening very fast on account
of rust. Rain has fallen on two days of the week, the rainfall
reaching seventy-eight hundredths of an inch. Average ther-
mometer
78, highest 93 and lowest 68.
Savannah, Georgia. We have had rain on five days of the
week, ^he rainfall reaching twenty-nine hundredths of an
inch. The thermometer has averaged 75, the highest being
86 and the lowest 66.
Augusta, Georf/ia.— The weather has been cloudy and threatening during the week, with rain on five days. The rainfall
reached one inch and sixty-two hundredths. There is no material change in the condition of the crop.
Some complain of
too much rain, and we hear reports of rust and worms, but
withal the plant is doing well. The thermometer has averaged
75, ranging from 66 to 87.
Charleston, South Carolina. There has been rain on two
days of the week to the extent of sixty-six hundredths of an
inch. The thermometer has ranged from 67 to 83, aver-
—
—
aging
75.
—
Stateburg, South Carolina. It has rained on four days of
the week, the rainfall reaching fifty-five hundredths of an
inch. Caterpillars are reported in a number of localities hereabout. Average thermometer 71 '6, highest 83, lowest 64.
H''i7«on, North Carolina.
have had rain on five days
of the week, the rainfall reaching two inches and thirty-one
hundredths. The Ihermometer has averaged 73, the highest
being 87 and the lowest 66.
The following statement we liave also received by telegraph,
•liowing the height of the rivers at the points named at 3
—We
o'clock
August
29, 1889.
a«d August
30, 1888.
»
New
I
Aug. 29,
Feel.
Orleans
Memphis
NfuihviUe
Shreveport
yicJisburg
Above
Above
Above
Above
Above
low-water
low-water
low-water
low-water
mark.
4
mark
9
mark.
mark.
low-watermark.
2
5
13
'89.
1)1 c^.
5
2
6
3
Aug. 30, '88
Feel.
4
17
5
4
17
Inch.
6
2
7
1
7
-
,
1
THE CHRONICLE.
278
LVoL.
xux.
receipts
Cotton Bagqinq versus Jute Baoging.—The bagging
India Cottos Movkment from all PoRTS.-The
follows for question continues to be the subject of much controversy, and
and shinnu-nte of cotton at Bombay have been as
August ^J.
with the idea of reaching some solution of the problem, the
the week and year, bringing the ligures down to
DOMBIT UCEIPTS ASD BlUrMEXTS FOB FOUH TEAB*.
Board of Directors of the New Orleans Cotton Exchange issued
*^
Receiptt.
on August 17 a call for a convention of all the American
'Sklpmenit tUi »eek.' _Ship nien:$ $inee Jan. 1.
Since
This
ContiOreal
Exchanges to meet in New Orleans on September 11 to take
Jtar, er*ai OonH-\ Total.
Total.
Jan 1.
Week.
nent.
BritH
some action in the matter.
«>" •W'^'-J""
In our issue of August 17 the present tare allowance in
1889 1.000 1.0001 2.000 360.(H«tS30.0(Kll,l<»O,00O
J00
3 000 y 000 209.(KMI .JO.-V.000 SU.OtK) 3.JHW 1.28K
1888
Liverpool was slightly misstated. We should have said that
WW 361.0m)<i,-.7.OO0 1,018.000
8 000'
1887
V-SS^'Qii-mm
SoOO 2()0O315.0OO(!54.0OO 969,000 4, 000 1,384,000 on cotton covered with jute bagging the tare allowed is 4
1886
an
According to Uie foregoing, Bombay appears to show oi pounds in each 113 pounds, so that for a bale weighing 448
receipts
incrtase conii>ared with last year in the weeks
and pounds gross (not net) the bagging tare would be 16 pounds.
4 000 bales and a decrease in shipments of 1,000 bales,
bales.
East India Crop. From Messrs. Gaddum, BytheU & Co.'»
the ahipments since Jan. 1 sliow an increase of 376,000
The movement at Calcutta, Madras, and other India ports tor cotton reixDrt, dated Bombay, July 24, wo have the following:
two
for
January,
the last reiKirted week and since the Ist of
Wo had iv good deal of rain in Bombay throughmit ihe week, much
"Other ports" cover Ceylon, more than the usual average. Rala is still falling' In the Broai^h and
years, has been as foUows.
districts, and Hue weather is urjf.iitly reciulred. The Oouira
DlioUera
Tuticorin, Kurrachee and Coconada.
on the whole In a very satisfaclory condition, although
I
,
I
.',
—
districts are
Shipmtnta since January
Shipmentt for the wetk.
Qreot
Continent.
ereat
Britain.
Total.
Calcntta
77,001
84,000
7.000
2,000
41,000
21,000
5,000
7,000
28,000
2,oo6
6,000
5,000
49,000
41,000
29,000
26,000
7S,000
70,000
123,000
89,000
78,000
93,000
201,000
2.000
13,000
7,000
7,000
2,000
All otliers—
0.000
3.000
TUE EXPORIS OF COTTON from New York
41,000
60,000
Madras-
1889
1888
imiueuse amount of good.
Total.
33,000
24,000
1889
1888
1889
1888
Continent.
BrUain.
4fl,(X>0
1889
1888
13,000
5,000
totals for the
week show
1888.
1889.
1887.
1
8liipment$
B
Europe
Botubty
All other portii.
This
nee
Jan.
toeek.
3,000'
201,000|
7,0<10[
1.^,000 1,391,000, 10,000
Total
;
Jan.
Tot. TO Gt. Brit's.
Hamljurg
8,000
33^,000
811.000
182,000
19,000|
996,000
24,OOoU,35G.OOO
."J.OOO!
1,01
F.fiypI,
1888-89.
week
Pince Sept.
1,000
12.703,000
1
This
I
2,000
.
(bales)
,ai(»ce
1.
1,000228,000
ToCoutlucut
1,000,159,000
This
,
Since
\
teeek.
Sept.
This
week.
I
1.;
1.000 250,923|
1,000 163,423
1.
264,554
1,000 158,117
This statement shows that the receipts for the week ending
Aog. 28 were 1,000 cantars and the shipments to all Europe
2,OSO bales.
Manchester Market.
—Our report received by cable to-night
market
yarns and
firm for sliirtings, but manufacturers cannot sell. We give
the ijrices for to-day below, and leave those for previous weeks
of this and last year for comparison:
states that the
is
quiet f
1880.
8 '4
TwM.
JBW.
Opldsl
I
J'y2n7'a »8»9
AiiK.2 7'8 a8^i
n.
d.
mi
nil
" 9 7i»i«a8'i, 5 11
" 10 8
jrS'a
6 o
" 23 8li«»8»x« '6 O
aO;8'i<itt8»i«
6
„„ „
32« Cop.
ICOtt'n
Shirtings.
(I.
s.
»7
Si7
d.
d.
6%
o
61.1
a7 o
a7 1
•? 2
g? a
I
608
6»8
8 '4
Shirtings.
if""*'-
i
\
d.
7<Sb
8.
asi-i
15
7
gear.
5,715
4,404 13,206 14,194
608,6,S6
141,8351
538.645
97,6il
5,715
4,404 13,206 14, 1S4
750,471
63e,32tj
1,211
722
517
876
61,541
41,164
1,211
722
517
876
61,341
44,617
203
110
78
314
355
109
191
105
69
406
42,439
73.188
114,139
17,408
71.089
115,201
396
669
303
030
229,766
203,698
"63
200
100
57
50
18,081
18,984
19,336
13,154
300
107,
37,005
34,840
R.r9f- 14.1:<3
15.6^0 1.078.843
919.381
353
.
63
Grani> Total...
7,3«5
The Following are the Gross Receipts of Cotton at
New
York, Boston, Philadelphia and Baltimore for the past
and nincR St^ptfmber 1, 1888,
Thii
Sinct
week. Sept.l,
PHILADELPH'a] BAIiTIMOBE.
This
week.
This
week.
iJince
Sept.l.
Thii
^Ince
Sept.l. week.
Sine*
\
Sept.l.
.S.
Orleans.
i.i;»i
329.a0;
1,158
372,601
871 .S64
417
10,504
6e,i5>
41,685
5.287
155.868-
Idubile....
12,798
167,166
43,104
Florida....
io. CaroI'D.
So.Caroi'H.
vlrKlnia.
Norlhn pts
Tenn.,
62
30l.4';2
103,696
3,882 1,559.821
608,280
3
626
fToreigB
La.st
year
44.569
133,154
9,1U9
Ac
TtalBjear
13,400 l,527,7a8'
.
8.551
126,189
50.655
600
4,(122
News.—The
Shipping
803
1
1,033
lOS.eil
"83.t4l!
651.230
lOO
293,833
2.513
249.083
exports of cotton from the United
States the past week, as per latest
17,360 bales.
mail returns, have reached
Total bxle*.
lbs.
a7
d.
OotVn
Mid.
VpUls
a.
«8>4 5 7 ®7
708 «8'4 !5 7 «7
^SU 5 e»2»6 11 5 "a
i7»fl
l7»8 *SH 5 6J296 11
)7\ •8% |5 8 «7 OH 5U|6
i7S8
Cotton Chop Circulae.— Our annual Cotton Crop Review
form on Wednesday, the 11th of
will be ready in circular
Heptember.
Total Spain, Ac
>r
1888.
lbs.
period
previous
Since
Sept.
Total Europe
3,000 387,000 2,000 414,34611 1,000 422,771
I Revised.
A cantar l» 08 pounds.
32f Cop.
Srpl. 1.
.
TezaB
Savannah
from Mancliester
29.
Tot. to No. EnKorE
from—
1—
To Liverpool
*
22.
Receivtt
1,000
2,931,691
2,90 ;, 000
!l
week,\<lept.
£xport«
15.
Nkw Vork.
(cantar.s*)
'J'bls
8.
I
wpolr.
188G-87.
18S7-88.
Total
since
...
Other ports
Bp'n.Op'to, Glbr., &c.
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and sliipnients for the past week and for the
corresponding week of the previous two years.
Auiiust 28.
Aiig.
Oihcr French ports..
Alexandbia Receipts and Shipments.— Through arrange- Another
Alexandria,
Aug.
Other British ports..
Havre
Same
Aug.
Bremen
1.
week show an
Aug.
Since
This
week.
\
|
2.0001. 190,000i
13,000l
Since
Jan. 1.
\
toeek.
1.
Liverpool
Total Frenxh
i
from—
Eiported t>-
18'2,000
that the movement from
the ports other than Bombay is 6,000 bales viore than the same
week last year. For the whole of India, therefore, the total
shii)ments since Jan. 1, 1889, and for the corresponding periods
ot the two previous years, are as follows:
EXPORTS TO E JKOl'E FROM ALL IXDIA.
The above
Beoeipu
this
increase compared with last week, the total reaching 15,650
Below we give our
bales, against 14,133 bales last week.
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and dirtction siace Sept. 1, 188S, and in ihe last
column the total for the same period of the previous year.
E.Xl'ORTS OF COTTON (HALES) FROM XE\V VOfiK SINCE SEPT 1, 1888.
Week lending-
ToUl all-
to all
m
Tlie Bengal crop is
placi'.s aie rather in wiint of line weather.
goon coudiiiou, and sowing there has been completed, aurt the crop has
a good start. A fortuight's tine weather woul<l now do the crop an
some
1.
Parties desiring the circular in quantities, with
New York—To
Liverpool, per Bteamers Alaska, 3.365
Bothnia, 2.235
Ciieassia. 167. ...City
Aurania, 550
of Berlin. 2.710. ...Germanic. l,814....Nevaila, 977....
.
14.194
Obers, 2.346
876
To Havre, pir steamer La Normandic, 870
105
To Bremen, per steamer Trave, 105
69
To llaiiilnirf.', pir steaiuer Ithaelia, 69
400
To Aiitweip, per steamer Weaternlaud, 40(i
New Oulkans— To LivoriKiol, ]ier steamers Beseol, 105
313
Caribbean, 102.... Kditor, 106
425
Boston— To Liverpool, per steamers Kansas, 202.. Roman, 223
115"
To YarmoutJi, per steamer Yarmouth, 115
228
Baltimore- To Liverpool, per steamer Oianmoie, 228
415
Til liiemen. per steamer Munehen, 413
100
....
To Kottenlani, per f^teamer Aibaiio, 100
114
Pbilauklpuia— To Liverpool, per steamer Ohio, 114
17,360
i
particulars of these shipments, arranged in our usual
form, are as follows:
Total..*.
their business card printed tliereon, should
orders as soon as
ixiasible, to
send in their
ensure early delivery.
Jcte Bins, Baooino, &c.— Tliere
a firm feeling among
selleie, and prices of bugging are tending upward.
Qiii*e a
demand is reported and sales are being made at f<:'.i@Vi^c. as
to quahty. Only a hght inquiry is reported for jute butts, and
paoer gradis are quoted at l-70@l?4c. and bagging qualities
at2^2>^c.
is
The
Ere-
Liverpool.
New York..
14,194
N. Orleans.
313
Boston
42.')
Baltimore.
.
PhU'dolph'a
Havre.
876
Holler-
.liii-
dam,
YarTotal.
tfcrp. m<nith.
15,650
406
115
415
22S
114
Total... 15,271
Bam-
mi n. burg,
106
69
876
520
100
69
100
.
,
400
115
313
540
743
114
17,360
.
..
August
.
.
THE CHRONICLE.
31, 1889,]
BREADSTUFF S.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Kbw ORLEANS—To Liverpool— August 21—Steamer Andean, 2f>6....
August 27— Steamer
August 20— Steiimcr Vouezuolan, 692
Mariner,
.
,
—
PalesBOBIOH— To Liverpool— August 23 -Steamers Catalonia,
August 27—
Au^'ust 20— Steamer Norseman,
tine, 507
Bostouian,
;
.
To St. John, N. B.-Auzust 21— Steamer Cumberand, 50.
Baltimoek— To Liverpool— August 24— Steamer Oranmore,
20— Steamer
Peruvian,
August
.
To Rutterrtum— AiiKUSt 26— Steamer Ohio,
Phii-adei.I"HIA— To Liverpool— August 27— Steamer British Prince,
To Antwerp— August 27— Steamer Switzerland,
.
.
.
Cotton freights the past week have been as follows:
Balur.
Iton.
Titet.
Wednet.
Thur$.
Fri.
'32
932
"32
*.12
833®%
»32a%
....
....
....
...,
36
^
>fl
>fl
H
34
c.
...•
....
....
....
....
....
c.
he
*16
*10
»18
9l8
»18
....
....
....
....
....
^
H
hi
Ifl
^3
---.
....
....
....
steam d.
DovlaGl'eg'w.d.
Havre, steam.... e.
l,iverpool,
Do
Ball
Bremen, steam
.
vlaLeith.d.
Hamburg, steam.c.
Do via London.!*.
..
H
Amst'd'm, steam. e.
Do vlaLondon.d.
Reval, steam
A.
40*
Do
Do
sail
d.
Baroelona,8team d.
Genoa, steam., .d.
Trieste, steam. ..d.
Antwerp, steam d.
• Per 100 lbs.
....
40*
40*
....
40*
40*
....
....
«»2
»S2
*32
•32
....
..•
....
....
»I6
»16
"18
ha
618
= 18
5.8
= !«
Hi
*33
932-'i».8
»16
*32
Sl8
"32
3,B
he
H
»3a®Eii8
"la
=18
—
Avg.9.
A.ug.l&.
Forwarded
Total stock— Estimated
Of which American— Egtlm'd
Total Import of the week
Of which American
monnt aUoat
Of which American
Ai//?.
61,0OC
5,00c
3,000
40,000
1.000
3,000
30,000
5.000
37,000
624,000
378,000
20,000
12,000
4 6,00c
10,COO
61,00C
569,00C
333,00c
10,00c
10,00C
34,000
12.000
43,000,
12.000
23.
64,000
7,000
4,000
43,000
4,000
59.000,
520,000;
292,000
15.000
8,000
38,000
15.000
A?iff.
30
40,000
4.000
2.000
20.000
5.000
45,000
48 i. 000
206.000
13,000
111,000
45.000
19,000
The tone of the Liverpool market for spots and futures each
day of the week ending Aug. 30, and the daily closing prices
of spot cotton, have been as follows:
Saturday Uonday. Tuaday.
Spot.
Market,
}
12:301'. M.j
Htirden'K
lendencr.
Orders
at low
limits.
7,000
1,000
& exp.
Friday.
Firm.
Qnlet.
Qolel.
658
6=8
jad.Upl'ds.
Sales
Spec.
Qolst.
Wtdna. ThMrtd'y.
6%
658
9,000
1,000
,
7,000
500
500
8,000
1,000
Market,
2:30 P.M.
\
1J)4 de-
5
cline.
Market,
)
4
p. M.
Easy.
Steady
•!
Steady
at
IM ad-
l-e4 decline.
vance.
Qclet but
Steady.
steady.
S
Steady.
Easy.
Quiet but
Steady.
ty
Mon., Auk. 26.
Open Ri^}i Low.
d.
en
Au>;ust
Aog.-Sept.. 6 43
September 6 42
Sept.-Oct...
d.
6 42
6 43
6 43
eoo 600
Oct..Nov. .. 5 48
Kov.-Dec... 5 42
Oec.-Jan... 5sa
Jan.-Feb.... 5 40
Feb.- March 5 40
5 48
512
5 40
5 40
5 40
6 40
6 40
6 43
5 62
5 46
5 40
5 38
5 38
638
Open Btth Loui.
Clog.
Clot.
Tnes., Aae.
Open High Low.
d.
a.
d.
d.
<L
d.
d.
d.
6 40
6 40
40
5 62
6 37
6 36
6 31
6 31
6 31
5 40
5 3«
6 38
5 .-is
5 30
6 35
6 35
6 35
5 60
5 45
5 39
8 35
6 35
5 41
6 S5
6 31
6 81
5 5U
6 44
6 35
6 35
516
6 37
6 37
6 37
5 80
5 45
5 39
5 87
5 37
5 37
5 37
5 36
5 36
636
560
636
669
5 44
538 538
537 6 87 5 86
5 36
5 38
5 36
636
5 37
536
6 36
5 60
5 45
6 39
6 38
5 37
5 36
27
Cloa.
d.
S67
512
5 37
6 36
533
536
6 31
6 31
6 31
5 57
5 43
5 37
6 38
5 38
536
Aae.'.iS.
Open' High Low. Clos.
August
Ttaurs.,
Op«n High Low.
d.
d.
d.
d.
a.
6 33
6 38
6 33
6 32
6 33
6 37
6 37
6 37
Anir.-Sept. 633 688
September. 6 32 6 38
6ept.-Oct .. 558 6 60 6 68
Oet.-NOT. .. 5 43 5 46 513
Nov. -Dec... 638 6 40 5 38
Dec. -Jan... 6 37
Jaa.-Feb.... bS',
Feb.-March 6
5 38
6 37
636
636
568
514
5 3U
6 37
538 5 37 5 37
37 6 38 5 37 537
Ane. 29
6 37
5 67
5 43
d.
6S7 6 38
6 37
6 37
5 57
5 44
638 538
6 36
536
536
5 36
5 36
6 36
6 36
6 36
5 57
6 43
6 38
6 86
53a
536
Clot.
0.
0.
o.
0.
November delivery
December delivery
Open Btg^ Lot
'.
Clot
d.
d.
38
6 38
638
e'ii
6
6;iS
6.S8
6 67
6 58
5 44
6 38
6 88
5 58
838
636
5 15
5 40
5 44
6 37
5 37
5 37
538
538
5 88
to hot,
to large
4234
42i2
43
42''8
4336
43
4338
43»e
42"a
4314
4338
43)4
Fri.
42.%
4278
4214
42^4
42%
43
43
43
42%
42%
42 1«
43i8
DAII.T OLOSINO PBIOBS OF NO. 2 MIXED OATS.
Tuef.
Wed. rAMr»,
Sal.
ifon.
25^8
25^4
September delivery
25%
2558
26
c.
2i%
25 Tg
October delivery
26
c.
25%
26 14
261-j
2638
2658
November delivery
2638
c.
27
December delivery
c.
29'
29"
May delivery
29
0.
28%
28%
3(5
6S8J ens
6.^8
5
5
5
6
39
37
37
37
5 5J
5 4)
5 40
5 38
5 38
538
Fri.
25=8
25%
26 '4
26%
28%
The following are the closing quotations:
FLOUR.
$2 00af2 60 Southern com. extras. 183 009 3 50
2 409 2 80 isouthern bakers' and
family lirandn
4 003 5 00
Spring wheat extras. 2 60a 3 00
Minn, clear and stra't. 350» 5 00 iRye tlour, superfine.. 275<» 3 00
Fine
Wiuterebipp'),'extra8. 3 00a> 3 50
2259 250
WluterXX and XXX. 3 60a 4 40 jCorn meal42ia560 Western, &o
Patents
2 60» 2 70
Brandywlne
2 75«—
Southern supers...... 2 409 2 80
^
Pine
bbl.
Superfine
!
—
I
GRAIN.
c.
per bush
Xo. 2
Red winter No. 2
d.
G88
87 Tg
91%
large.
c.
— » 85
—
Corn—
I
75
SpriU),'
:8
5 43
6 38
5 86
6 36
6 36
867,
Oats have declined, but at the lower prices there has been
a good business, partly for export. They are 5 to 6 cents
lower for options here than a year ago. To-day the market
was firm on the spot with a good demand, but slightly lower
The receipts at Chicago to-day were
for future delivery.
Sprinjf,
FrI., Anar. 30.
d.
6 37
6 36
85%
material decline for immediate delivery. Corn is 8 to 10 cents
lower here than a year ago and is correspoodiogly low at the
West, so that there is a steady demand for consumption,
buyers showing little disposition to hold off for lower piices,
notwithstanding the favoratle crop accounts. To-day there
was a pretty good trade here for export at steady prices, but
options were lower. The receipts at Chicago were larger and
foreign markets were weaker.
Wheat—
I
Wednea,.
owing
owing
Fri,
84
8458
1-64 ad-
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basisof Uplands, Low Middling clause, unless otherwise stated
The pruxM are given in pence and Oittu tlnu: 5 63 means
5 63-64d., and 6 01 meam 6 l-64d.
Sat., Ante, 'H.
it
from interior markets.
There has been a good demand for corn on the spot at the
West and the small stocks, here have (ended to prevent any
September delivery
800
vance.
steady.
treating
DAn.T CLOSINO PRICES OF NO. 2 MLXBD OOBN.
Tuks.
Bat.
M<m.
Wed.
Thtiri,
Steady at
at 1-S4
higher.
it,
offtrings here against shipments
6,090
Futures,
Steady
upon
Corn has declined in the case of options
forcing weather at the West, and latterly also
October delivery
Qaiet at
30, 18S9.
DAILT CLOSINO PBI0E8 OF HO. 2 BED WDTTEK WHEAT.
Sat.
Hon. Tun.
Wed.
Thnrt.
84!%
8519
843^
September delivery
0. S3 38
84%
84''^
85 14
October delivery
c. 84
851a
86>9
November delivery
86%
86=8
0.
8'i'ii
85H
8RI4
87''8
December delivery
0.
874
87%
875a
8K33
88 '8
89
January delivery
0. 8738
88%
91 '&
92>9
May, 1890, delivery
0. 91
92%
92=8
658
6,000
Augast
indeed as exaggerated, and a Cincinnati estimate of the
H'/dhi& European shortage places it at 37,000,000 bushels. There has
....
been a moderate export business and a larger though not an
"18
active spf culalion. To-day there was a decline, which reduces
= 18
the net advance of the week to a fraction. Foreign markets
»3i®5l8
'4
were weaker, and there was considerable selling both for local
and foreign account.
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stocks, &c. at that port.
bales
Sales of the week
Ot which exporters t«ok
Of which speculators took. .
Sales American
Aetual export
FBiDi.r, P. H.,
Flour early in the week was quiet and more or less depressed, but later on the tone of the market became stronger,
partly in response to a rise in wheat and partly by reason of
a bettor demand for export. The cable despatches have reported a liberal stock in London, but a meagre supply in
Liverpool and a good demand there for Americm flour on the
spot, though futures have not been much wanted either there
or in London owing to the strike of dock laborers. To-day
there was less activity in trade here, and new flour, owing to
larger receipts, was rather weak. The better grades of old
flour were about steady.
Wheat has advanced owing to decreased receipts at the
West, an unexpectedly small increase in the visible supply on
Monday, reports at times of wet weather abroad and an estimate by the Vienna Grain Congress that the shortage in European crops of wheat this year would reach 160,000,000
This estimate had considerable effect here, but
bushels.
private cable dispatches laid little stress
40*
....
....
279
..
F5
Red winter^
9
70
White
80
Corn-West'n mixed. 44
We.it'n mixed No.2. 43^49
Western yello w
44 a
0.
Western white
Rye—
SSisI
^
Western
bu.
State and Jersey
iOat-<-Mixed
90
90
.
i
44'4i
—
—
I
'
White
No. 2mlxed
No. 2 white
c.
43
a 44
51
53
25
«
«
52
54
2i
33
26
28
a
26 «
25799
27%»
The movement of breadstuffs to m.irket is indicated in the
statement belosv, pr-<pared by us f ro n the figures of the New
York Produce Enhange. We first give the receipts at Western lake and river ports, arranged s ) as to present tlip comparative
since
movement
August
1,
(or
for the
week ending Aug.
each of the
last three years:
34, 18S9,
and
_
,
)
.
THE CHRONICLE.
280
BM>.IMUte BwiLaoar
t^i^mn
M«—fa--
8,778.406
1,760,078
18.000
170.870
tOJM
60.000
90,160
«s:«s
110,170
SMMO
tii...^P«ii..
Tiiiiau
MiTOlt.. .
Cto««tand. ..
tLUtuM.....
J^HKte
S8.W4
88.888
13.158
468.401
8,WT
S8O.SB0
87.176
68»,«06
83.S0O
11,866
13,000
716
BO
614.880
f-T.
8H.6I0
1,803
18,853
816.600
388,400
6,600
2.750
i.8».2tS
B,TOO.00»
8,631344
8,aos.76«
1,090.887
8,804.684
43.44»
43,0S0
182.926
1,718,687
8,33«.811
47*,38S
49.431
e.40».485
186,609
6.016.817
».l 44.690
93.7W
308.073
350.802
9S»,72(t
197.894
8,088
I.S61
«W.8M
StkOW
na.«M
•MMSk-W.
....
Vmi
30.184
Tot.wk.'Sa.
00.810
6,^00
40.839
.
fcaack.'ai.
BwU6ll»
764.786
W.7I8
8.157.644
[Vol.
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending August 27 were 1,093
packages, valued at $67,092, their destination being to the
points specified in the table below
Kew York
09.361
27.
Week. Since Jan.
96
23
182
Great Britain
Other £uroi)ean.
CUina
27
260
54
90
345
Africa
,
!»•
8I*.«»
usr-s
MB»-7
t86.70l
B64.BS0
1S.087.OS7
7,144.778
O.OOS.OSO
6.630,068
from the several seaboard ports for the week
eniiwc Aug. 24, 1889. are shown in the annexed statement.
Ttte exports
Hew York
Flour.
Bbls.
390,858
101.672
66,738
45"867
19,280
62,455
335
913,112
236,660
98,446
211,605
1,592
39.816
198.679
237.500
374.562
168,594
N. OrI'DS.
Buth.
27,978
Btfh.
295,985
57,959
78,8f3
29,860
FDriland
FbUailel
Baltim're
BUMk.
95,946
Bti»K.
BostOD...
MontnaL
Eye.
Corn.
431.2'»7
Peat.
OaU.
Whiat.
ButK.
3.359
8.136
23,218
2,500
H.Newg
South America
Other countries ..
Total
• China, via Vancouver.
Total
Totwerk. 1,450,4381
SSne time
1888 .11,093,069 633,611
I
27,978
34,713
7.148
grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Aug. 24, 1889:
Barley
OttU,
Oorti,
WhtaX,
bUMh.
bv9n.
bvgh,
biigh.
Iniik,
In tlort at—
3,253
20,862
14i».8G7
397,696
811.602
Hew York
49,000
aUost.
168.900
Do
'50.066
30,500
26.000
400
AUwny
5,981
27,309
172,566
04,826
1,264.002
BnflUo
The visible supply of
3,389,641 2.626,4I!3
51.906
2S7.V45
H86
626,R44
1.050
103.832
77,780
85,374
876.515
113.779
48,914
109,169
120.000
40,000
478.312 218,239
943.523
115,823
131,423
liiood
58,000
232.193
63.334
42.178
12,855
75,951
"28.526
38,662
343.081
156,6.=)0
268,013
317,935
29,319 137.233
31.996
12,345
14.790
175.570
34,384
62.344
175,814
65.160
396.903
717.176
118,000
2,344,791
145.000
181.609
71,185
233,633
1,001,704 2,020,42.S 1,019,465
1,153.700
135,400
2,024,000
405.0(i0
10,881
77,521
21,>iH4
24. '89 14.291.270 9,478,150 5,611,809
17, '89. 14,2^0,534 8,027.( 6'J 4,998,240
T(rt.Aug.2.^, '88. 27.170,952 8.121,917 2,317.570
TOt. AUK. 27. '87. 30,572,750 6,372.905 4,780,723
TM. Aug. 28, '86 41,285,035 11,770,2,0 4.214.879
870,656
857,580
231,062
289,478
571.561
OhkMKO
1,9('7,830
Milwaukee.
DnluUi
Toledo
Detiolt
'OewefTO
Bt. Louis
Afloat
CtaudmukU
BoMon
loroDto
Montreal
PJiiUdelphla
Peoria.
Indianapolis
KaaaasCity
Balttmoie
Mlniieapolis.
FbuI
OBMlssiBalppl...
On lakes
Ob euial driver.
IM. Aug.
IW. Auk.
29,825
5,290
"i;232
"is'o'es
40,000
1,810
21.000
22.060
144,465
27,478
47,000
374
78,977
27,688
5,301
11,843
Ocwego— Latt week's stocks.
Tills
865
4,111
3,889
3,685
9,M40
2,505
3,994
16
324
!><
19
692
43
25,.520
15
1,893
1.092
5,814
95,559
89,740
2,298
99,984
25,429
6,9C6
135,299
2.298
125,413
From New England mill points direct.
The value of the New York exports since Janufiry 1 have
been |;5,678,851 in 1889, against $6,041,738 in 1888.
The demand for staple cotton goods by wholesale buyers
was cbi. fly of a hand-to-mouth character, but transactinns
were numerous and reached a fair aggregate amount, The
jobbing trade in domestics was fairly active and a good distribution in package lots was made by leading jobbers. Prices
remain steady and unchanged and stocks are for the most
some
bro«n cottons
descriptions, as
adapted for conversion purposes, low grade bleached goods,
Print cloths were very quiet at
etc., being in meagre supply.
about previous quotations, but there was a tendency towards
lower figures at the close of the week, some small lots of
extra 64x64s having then changed hands at SJ^c.lt ss 1 per cent.
SInck of Print aiotht—
1889.
1888.
1887.
Auu.'H.
Aug. 25.
--14,000
None.
None.
None.
Aug. 27.
159.000
Providence mauuCers. 179,000
10,000
Fall River manufacturers ..
None.
Providence speculators
3,000
Outside speculators (est)
Held
liv
1886.
Aug. 28.
96,000
113,000
34,000
02,000
88,000
90,000
25,000
192.000
14.000
424.000 243.000
Total stock (pieces)
Prints and ginghams continued active in jobbing circles,
and there was a fair re-order demand at first hands. White
goods were in good ri quest for future delivery, and there was
a steady call for quilts and tatile damasks.
—
FoKtiON Dry Goods. The demand for imported goods at
hands was hardly up to expectations though an improved
business was done in some descriptions. The jobbing trade
in foreign fabrics was of very good proportions, a liberal distribution having been made by all the principal houses. Prices
abroad continue very firm at the late advance and values are
first
steadily maintained in this market.
Importationa of Dry Good*.
The importations of dry goods at this port for the week
ending Aug. 39, 1889, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows:
39,531
73,200
::::;:;;
327,758
356.061
137,105
226,084
578,9U0
1-3
2
&
2
w
p.t?
S
E 2h
IS .-III
l^.^lll
-
Si
a.
«
b;
0:
at
*
81,946
week's not received.
5:
li
•0,
:
p;
g;
i
OD 00
X CO CO
;
i
THE DRY GOODS TRADE.
Nbw
York. Friday
P. H.,
August
I.
2,955
1,774
35,942
5,908
9,555
2,633
9,546
3.552
3,326
23,185
1,608
"
part in excellent shape,
BMuu'd
Wefl: Since Jan.
244
Arabia
West Indies
Mexico
1,
6.775
1,301
India
Central America..
n.7«6.801 11,«11J»«
1888.
1889.
to Ano.
V1,886
---
MBMiltl«.l.
XUX.
—
Ry*
Bartty.
BlMk.>8n» Blwlk.4HUK BU.B6"''
0a,tT4
BMSa
IMaik.
OaU.
Com.
irk«at.
/Iwr.
jMiHrri at-
St.
!
:
,
30, 1889.
The past week has witnessed a continuation of the buoyancy
and activity lately developed in jobbing circles, and more
tban an average business in staple and department goods was
acccniplished by jobbers in this market; and at many distributing loints in ihe West and South. Jobbers stocked up so
freely in May and June that their general assortments are still
Bufiicient for the pursuance of current trade, and the demand
mt first hands was therefore moderate, though many small
orders were received by comrnission houses and importers
through their representatives on the road. Spring goods have
met with more attention from large wholesale buyers, and
very fair ordeis for specialties in dress fabiics, white goods,
(rammer undtrwear, &c., were placed for later delivery.
Values of domestic and foreign fabrics have not materially
changed, but print cloths were very quiet and somewhat easier.
Domestic Woolen Goods. Men's-wear woolens were in
irregular demand at first hands, and u}K>n the whole sluggish,
but manufacturers have lat<'ly been running their machinery
•O closely on orders that stocks are well in band, and prices,
tkough low oxjDsidering the enhanced cost of raw materials,
are generally steady.
Light-weight worsted suitings and
trouserings were relatively more active than other descriptions of Spring clothing woolens, but fair orders were als
8laced for fancy capsimeres, cheviots and indigo blue flannels.
•rercoatinKS were more active in movement than demand,
and there was a fair business in cloakings and stockinets.
Satinets continued to move steadily at unchanged prices, and
fine doeskin jeans were in moderate request, but low grade
jeans ruled quiet, and in buyers" favor. Soft wool dress fabrics were in good demand, and some makes have been adTanced five per ctnt. Flannels and blankets were active
in jobbing circles, and in fair demand at first hands, and
there wns a stearlv call for sliiiwls and skirts.
wo
coo
(T.
CD
1,5 ,».
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