The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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r0nidt
aUNT'8 MhRCHAI^TS' MAGAZINK.
BBPKKSKNTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STAT«8.
(Entered aoourdlnic to \ct ot
VOL.
Ooosnu, In the year
1891, br
VM.
B.
Daha A Oo.. In
the
offl'-e
SATURDAY. DECEMBER
53.
of the
12,
UbrtflMi of ririiniiM. WaahloKtoa, D. 0L|
NO.
1891.
1.381.
The favorable character of the present atatementb, bowwrat^
more clearly spen when comparison U made with tb« aaiaa
week of 1890. The New York total records an increase of 0*4
She Cbroukk.
Terms of Subscription— Payable la Adrance:
per cent,
spite of thi-
much
smaller dealing.'* in slocks this
the exceaa is 5-7 per cent
The gain for Hip w'lole country reaches 3-8 per cent, and thU
has been exceeded but twice in the current year the weeka
ending January 17 and September 26 when speculation in
do.
do.
do.
Biz Mob.
£1 9s.
8hare properties was much more active than in 1890. The moat
The Investors' Sui-pi-kment of 160 pafres Is lasned every other iuiportant gains this week are at Baltimore, 68 per oent;
_Donth, on the last Saturdays o( Jan., .March, May, July, Sept. and Peoria, 46*1 per cent, and
Houston, 80'8 per cent
IVoT., and furnished without extra charge to all subscribers of the
Chronicle.
»r««* mfUUmt ntttmbtr 6.
The Stats a^d City Scpplemevt (published two or more times a
1890.
P. Omt
1801.
year) Is also given to every annual sub»crlljer of the Chronicle.
P. Omt.
po.stage
at
oo
cents:
cover
furnished
on
the
same
Is
18
Is
tile
A
•ente. Volumes bound for suVicriliers at SI 00.
+0-4
New York
748,618.931
716.>.n6,i,991
+If
Bubscrlptions will be continued until definitely ordered stopped. The .julea
ol—
Ljabllshcra cannot be rospon.silile for remittances unless made uy drafts
ttoret.)
(1,503,577) (-»7-9
iSUKlu
(888.840)
(-3071
money
orders.
Office
baXa.)
(688,500)
(633.300) (t-im
(er Post
(Cotton
(+10-4)
bmhdt.} ($4,430,2751 (36.872,126), (+29 1
(Oroln
(-Sb-D
Terms of AdTertlsinK—(Per Inch space).
KOU.)
(/"etfoteum
(1.023,000)
(MOt,000) (-10D
{uo,ooo) (-7(n(
lOne time
f 3 50 Three Months (lil times).. $25 00 Bosu>D
+7-4
10l.«i«.«50
97,aa«.o66!
804933*7
" ).. 4300
(26
(4 times).. 11 00 Six -Months
[One Month
+0-6
a.TSO.TOO
•.146.200.
6.319.700
" ). 18 00 Twelve Months (52 " ).. 58 00 Providenee....
(8
-12-4
ITwo Montns
2.»28.0e3
2,038, iBi!
UarUord
1.488,3eS
-0-8
1,441.2<<0
1,453.246
1.136.641
Mew UsTsn...
+10-3
London Asenta
+4-8
i.3t2.i>4a
1.404.4e2
1.170,901
Sprtiutaeld....
+16-»
EoWABDS A Smitb, 1 Drapers* Oardens, E. C.,wUl take nub- WoroMter
-fclo
1.2at.4iU
1,381,268;
982,787
-U-i
1.4S5,72e;
supply
single
paper
1,9I>&.«1»
4b
copies of the
at Portland
971.818
Options and advertisements, and
For One Year
$10 00
For 8li Months
6 00
European Subscription (inclutUn); postage)
11 50
European Subscription Bix Mouths (including postage).
6 75
Annual Subscription in London (includini; pogtaKo)
£2 8s.
vear,
i.i
and outside of
New York
—
—
I
(5^1
I
IS
1
each.
PublUbera
WAnA CK.
Co., I'uoiiaue
& v;o.,
,,,.^ o ^.». £W^II>IilAM B. DANA
SI
YORK.
lOa Drilllam street,
OHH O. FLOTD,
Post Office Box 958.
NEW
CLEARING HOUSE RETURNS.
Bedford,.
New England.
to-day,
120,288.104
Ii2,ee3.us
?3,4A4.480
Plttsl>arK
U.Xlx.146
S4.aM,14«
77,601,481
16.aa7.786
l6,ase,6«3
Total
10,S6S.9;S
«,Ui7.074
l.»70,672
Washington.
Hocheater
—
BUutbamtoo..
Total Middle..
Chicago
Clkakings.
1890.
1891.
Hew York
$<»9,&a6,144
79 ,993,840
80,971,607
18.366,630
81,190,000
Boston
PMlulelpMa
t609,448,741
76,336,145
66,346, li)3
P«rO<nt.
-1-6
+6*3
-9-6
+10-5
Indianapolis
Peoria
Orand Rapids
Total Middle Western.
San rranclsco
Bt LonU
22,81ti.e80
New Orleans
11,828,631
13,136.1144
$869,670,353
138,496,283
•863,336,030
140,816,211
+0-7
+13-6
(1,018,168,636
206,668,493
(984,141,241
180,968,009
+2-«
+13-8
UinnaasoHs....
St.Paa[.
$1,233,836,128
(1,176,109,260
+4-1
........ ....
Seven cities, S days
Other cities, 6 days
Total all cities, 6 days
AllolUes, Idar
Total aU cities for week...
The
full details of clearings for
the
+180
+18-9
week covered by
the
6.470,341
3.3(8,700
S,74S.2S4
(,87«.;8^
Coiambai
13.092,646
68,784,000
19,193,092
Baltimore
Chicago
Portland
gait Lake City
Seattle
less active speculation
on the Stock
-0-8
67.034.498
-•-(
12,346404
4 66-0
-ITt
13,020,448
-fl36
7304.926
1320,736
-l8-t
-4-5
48-4
1,503.824
776,370
-|-*-7
96,620,666
-**
96,608.421
13,946.350
10.233J.44
+11«
83.433.333
+u-»
+e-a
-30^
•,3a4a97
6,889.837
3,790,300
«.4*0.94«
1,968.613
812,909
753.748
164,760,5(18
140,813,462
21,407,506
2.43B.070
3.241.S12
18,3&S.486
2.253.521
060.l!a4
1.969,148;
-18-9
-*2
—Il-l
+r8
+99
113^8,160
0,712.346
6321363
4.403,078
2,>73,M0
3.119,664
1.618,617
7a8,agU
U9,6t7.371
+11.8
+ 81
16.8ia,08t
1,914.004
+14-4
1.41 1,»«
-2»-8
-!»-7
•aO.283
Total Paolfle..
18,880,364
25,914,498,
+11-4
21.7U.4M
oitr....
10,737,090
ll,«80,131
6J900.648
6.287.iaS
10,371.808
9,088,706'
+27-»
6,960.648
+143
8.763.360
8.001.010
5.«8e,(«8
6,M8,na7
6.113.618
3.60 1.000
1,717.642
1.7»7,848
l,9«4,e43
62741«
819.623
aS4.887
47.20«,002
430^0*7
-10-k
8-5
37,296376,
+U'0
19.788,780
U.882.9«ll
4M-8
3,491,.M«
8.001,430
4.g06.0U
3,09:1.661
(.3O0,96«
3.804,419
4.480,736
l,02S.(ai
+4-»
13.1113161
6,014319
430' •JM,
^
—tit
3,l«73»7
-33-*
-S«-t
»60.'i00|
«Ki.7i8i
90l,UU,
•34.0001
—11-4
-U1
«ta«ot
3,0«3.a6«
U4.e71
(37,1611
3,479,028
-10*
908,407
1.0ag.40(
-1-9
«,a«t,74S
LSaMTMOti
5««.9«7.2I»I '(14.'
totals.
594.009
+•-•
-»•!
-7-S
«7S.3a8
are
other cities appreciable gains over November 21
Total all
shown, the aggregate increase outside of New York being Qntsiae Hew
Hart
3.944,948
l,;5e,5«l
-1
*ro.ooo
many
ia
-r?
-IM
1.600,000
Laxinoioa
4*«
4,1OT3«3
44.381.014
4.160.008
am.oao
075,600
=s
+0
+21«
-r(
+361
4004901
673388,
26.974,139
U,6J4.8I1
7,970491
-7-3
-1-6
-28-I
+14-4
l.(333U
_+»2
+8<l
770.^96
-37-0
643.010
+ 21-S
•73,728
408.600 • -69
L451.970,
lurmloiiliaia......
•
842.065
(,794.0;8
Ctisttaaoaia
Terk.
Mot looiodea in
6,e>J9,OI7
1JM6.917
8loazCltT
+t«
123,844,738
838.608
Denver
Dninth
it. Joseph
-1-9
+18-8
78^350
31A400
(3X,ftll
Omaha
+•
+U-(
fUS
Los Angeles
Exchange, the clearings at New York are heavier than for the ^avsnnali*
Atlanta*
previous full week (that ending November 21), and at Chicago Waoo'
At
the exchanges exceed anything ever before recorded.
Total Soatham....
nearly forty-four millions of dollars.
93. 100,496
-65
-93
+10D
i» UalTseton
are our usual detailed figures for the previous week, that
Houston
Saturday
with
Masbvllle
ending
period
the
for
covering the returns
.Memphis
1890.
Uallas
noon December 5, with the comparative totals in
Kort Wofth
exhibit is one of the most favorable of the year, NorColk
The
a
+u-(
i.soe.Hsa
1,300.000
Luuls villa
current
-1*
334.3. ,«
913,316
.Holnee
for notwithstanding
671J8S
+ «-7
Tacoma
Des
above statement wUl be given next Saturday. We cannot, ol Wichita
by Lincoln
course, furnish them to-day, bank clearings being made up
Topeka
the various clearing houses at noon on Saturday, and hence In
Total Other Western.,
the above the last twenty-four hours of the week have to be St. Louis
New Orleans
estimated, as we go to press Friday night. Below
in all cases
137.338,442
107,495487
8.6u7,i!5e
7,ll6S,«0e
Cleveland
2,067,183
103.000
16.839,400
Cincinnati
Detroit
13.
-0-6
+21-2
+ 0-6
886.010
947,921
2a«,100
845,S3<I
1,II27,71»
Wllmlncton...
Syracuse
Milwaukee
Wttk S«uMn« DtunHxr
784.708,
615.9141
Philadelphia.
Buffalo
December 12, have
Ibeen $1,223,835,128, against *1 ,202,555,236 last week and
Ml, 175,109,250 the corresponding week last year.
week ending
New
Baltimore
The following table, made up by telegraph, etc., indicates
clearings of all the clearing houses of the
Ett the total bank
Jnited States for the
731.290
6«6,150
irfiwell
»t,0(s.iae
+r« l3»3JBa7ai
ygjffg'
+t->
i
THE CHRONICLR
858
Exchange
THE
[Vol. LIU.
security the lenders are liberal in their views
and
not reject any that can be
Bates are 4 to 4^ per
cent for thirty to sixty days, 5 for ninety days
Much valuable matter prepared for this Department has
and 5i for four to
six
months.
The debeen crowded out to-day. We propose to give it next week.
mand is good and
the
rise
in
values
of
some of the stock properties has resulted in
FINANCIAL SITUATION.
increased business in time loans.
Commercial paper of
m^
STyiTE
as to the collateral
CITY DtffiliWtlir.
classed as above the
will
medium.
THB
The European
situation,
which
all
along has been
pointed to as threatening every sort of financial ill, has
Since the
^one on improving during the week.
is in little better supply and the demand
good, but lower grade names do not meet with ready
sale.
Rates are 4f to 5 per cent for sixty to ninety day
the first-class
is
endorsed bills receivable, 5 to 5^ for four months com" Internationals," which the mission house names, and 5| to 6 for good single names
embarrassment of the Bank of Spain threatened to having from four to six months to run. Last week's
make a source of ruin to many, has been checked, Paris bank return showed that five of the larger institutions
has come out from under the accumulating misfortunes held $5,991,700, while the banks as a whole had $13,yrhich so many said were about to shake up most disas- 863,625 surplus reserve.
There has been no prominent feature in the EuroDuring the same time
trously that centre of trade.
pressure the Kussian loan caused has been removed,
and the depreciation
however
affairs in
in
London,
as all
have agreed, have been pean
in good shape, only the Bank reserve was in danger from
markets
on the
this week.
Business
appears
to
be
London and the Continental
exchanges, though money is easy.
The Bank of England
light
Even this can alarm no one longer, for
must be assumed that the monetary prospect judged reduced the minimum rate of discount to 3^ per cent
from that point of view is now in a satisfactory condi- from 4, at which it had stood since October 28. The
tion, since the Bank of England on Thursday reduced cable reports discounts of 60 to 90 day bank bills in
This reduction gives us also the London 2^ per cent, at Paris the open market rate is
its rate of discount.
right to suppose that the Berlin situation is more assur- 2| per cent, at Berlin it is 2| per cent and at Franking than it was and that the state of Eussia is not fort 3 per cent. The Bank of England gained £149,expected to involve other nations to any critical extent. 000 bullion during the week. This, as we are advised
Turning to domestic affairs, nothing has transpired by special cable to us, was the result of £130,000 imto modify the favorable aspect which has ruled ever ported, principally from Australia and Portugal, of
since the crop condition was assured except the gradual £144,000 received from the interior of Great Britain,
hardening and advance of foreign exchange rates. and of an export, wholly to Constantinople, of £125,000.
This upward movement in exchange no doubt is The Bank of France lost £51,000 gold and the Bank of
looked upon with some misgivings, but other than that Germany since the last report shows a decrease of
outside drafts.
it
all
the conditions remain as heretofore.
The
general
about £111,000 of this metal.
becoming more favorable rather
Foreign exchange has been firm thi.s week. Among
than less so. And as to exchange, we are inclined to the influences operating were cheaper money here and
attribute the advance not to the state of our currency, a demand to remit for engagements maturing at and
*(Thich is the first thought with so many of us, but to our towards the close of the year, and also for stocks sold
large interest engagements abroad which fall due about for European account.
The market is not well supthe first of January, and which are perhaps needed plied with commercial bills, though the cotton exports
trade outlook
is
in fact
year to a greater extent than usual (and are not
therefore re-invested) because of the depressed situation
in Europe.
In our opinion the outside world holds a far
ithis
are very heavy.
larger amount of our securities and has a much larger because
amount of other investments in the United States than Europe.
»ny estimate ever made. Indeed, an estimate which
attempts details with a hope of reaching even a most
general approximation of the amount is a delusion.
It
only after a close examination of past and current
trade movements, added to a remembrance of the very
is
The lack
of cars, however, at the
West retards the movement hither of grain destined for
Europe, and some contracts have
been canceled
higher prices here than in
Friday of last week
with
Monday except by the
there was no change on
Bank of Montreal, which advanced the long rate to
This was followed on Tuesday by Brown Bros,
4 82J.
and the Bank of British North America, and on Wed
nesday by Baring, Magoun & Co., no change being
of
relatively
Compared
^narked change in the tendency of foreign investments
which followed the resumption of specie payments and
again followed the West Shore settlement, and continued
down to about two years ago it is only after such an
examination that one is in any condition to judf^e, and
then only most vaguely, of what we have to pay Europe
made in the short rate, which remained at 4 85. On
Thursday Brown Bros., the Bank of British North
America and the Bank of Montreal advanced sixty-day
to 4 83 and the first and the last mentioned advanced
sight to 4 85|, although it is claimed that the market
did not then justify such a movement. 'Yesterday Barannually for interest. If our readers will look over the ing, Magoun & Co. also advanced the long rate to 4 83.
article we wrote in the early part of this year
giving The tone was firm at the close, with the nominal rates
" the reason for gold exports " (May 30 1891, page 4 83 for long and 4 85 to 4 85^ for short. Rates for
812, etc.) what we have briefly attempted to say
now actual business were 4 82 to 4 %%\ for sixty-day, 4 84J-
—
^1 be better
understood.
Money has continued
abundance and the offerings
have been liberal. Bankers' balances have loaned
at 3i
and at 2 per cent, averaging 3, at which renewals
have
been made, and the minimum at banks and
trust companies is 3 per cent, although some obtain
4 per cent.
Contracts on time on first-class collateral
are freelv
offered and even where loans are sought
on good Stock
•
in
to 4 84i for sight, 4 84i to 4 85 for cable transfers,
4 81 to 4 81i for prime and 4 80.J to 4 80^ for documentary commercial bills. The steamship L:i Bretagne
arrived on Sunday with 1*45,000 gold consigned to
Lazard Freres, and the Umbria on the same day brought
*295,000 to Heidelbach, Ickelheimer
&
Co.
At
cur-
rent rates for exe hange gold cannot be imported at a
profit.
December
As onr
THE CHRONICLE.
li, ISUI.J
large crops of grain aro provin<^ snoh a faror-
atUM
would be of analloT«d prMperitj
;
m
it
U the
osrketf
Dooombcr report of tho value of cotton Ih very low, the Agricnltaral Depart*
Washington possesses con- mcnt making tho average on the farm only 7*3 coat*:
ablo factor in tho situation, tho
Department of Agriculture at
Ordinarily the early report for this
per pound, us against a range of from 8'1 cents to 8*6
farm prices for tho oonts for tho five years preceding. The Sontb, howvarious cereals, but the present time the Department ever, will sliaro with thu rest of tho country in the>
has gone a step further and furnishes a statement of the advantage arisini; from the good prices for grain.
siderable interest.
month
gives merely a record of the
condition of the winter-wheat plant.
The
latter state-
ment confirms the advices received from other
sources to
the eifect that wheat enters the winter under
much
less
favorable circumstances than was the case a year ago.
The Department
reports the average of condition for
the whole country at 85 "3.
only 80, for Kansas
For Ohio and
Illinois the
but 75, for Missouri
In most of the
73, and for Texas no more than 70.
other leading States, however, it is much higher, Indiana showing 81, Michigan and Pennsylvania 92, Caliaverage
is
it is
Moreover, that section of
tho country
is
now
also
and when the iron)
industry starts up tho resulting activity we may suppose will not bo without influence in overcoming tho
gloomy condition of things which now exists in many of
the Southern States because of the unromanerative
prices that cotton is commanding.
As is natural, the large grain and cotton movement ia
luiving an important effect in swelling tho income of
the carrying industry.
We give on another page our
usual monthly review of railroad gross earnings, and
largely interested in iron prodaction,
New York 97. In December last year the
Department reported the average for the country as the results disclosed are very gratifying. It ia shown
98'4, or 13 points better than the present average.
At for instance that the New York Central for November
that time the average for Indiana was 102, for Michi- 1891 reports a gain in gross receipts as compared witlt
gan and Ohio 101, for Texas the same, for New York November 1890 of no less than $623,798, the basis of
100, for Penngj'lvania 99, for Kansas 97, for Illinois mileage being the same in both years, and that the
96 and for Missouri 95. Of course the less favorable Chicago Milwaukee & St. Paul has a gain of nearly as
condition the present year furnishes no conclusive evi- much, or $563,175. Theso are the two roads with
highest amount of increase, but various other leading
dence as to the outcome of the crop.
As regards prices, the position is very encouraging. systems report gains only less noteworthy. Altogether,
It has frequently happened in the past that prices our statement shows a gain of over fonr million dollars
would be high when the production was short, but this ($4,261,416), and in the month preceding the gain was
year we have the rare and fortunate coincidence of likewise over four millions in fact, 4i millions. Some
crops of exceptional dimensions and good prices for the additional returns of net earnings for October have
same.
The crops are so large and are coming to also come in this week, and they are of the samo charmarket in such enormous volume that the railroads can- acter as those previously received. The Milwaukee 4
not find tho facilities to handle the traflSc. An unpre- Northern for that month has increased its gross earncedented car shortage exists and the roads have been ings from $139,560 to $178,341, and its net from $68,«
The New York Ontario & Western
obliged to issue notices that no more grain can be re- 883 to $80,034.
ceived until that already in the cars has been moved and has increased gross from $240,023 to $293,057,,
to
Tho Wa$79,793,
unloaded, an actual blockade existing at the leading and net from $63,172
making
liberal
expenditures,
been
Fortunately, too, our large surpluses bash
has
grain centers.
are all needed, for nearly every day brings reports of and hence though gross earnings for the month
famine from some new quarter. One day it is from increased $55,555, net fell off slightly—$4,830.
Mexico, another from India, a third day from still In the same way the Illinois Central, while having
another part of the world, showing that Russia and increased its gross earnings from $1,754,083 to $1,859,Europe are not alone in suffering from deficient 185, has increased net only from $640,197 to $647,979.
fornia and
—
•
harvests.
The Wabash
need for all the grain that we have to spare,
that gives to the farmer such satisfactory prices at a
time when his productions are so large. Really the
situation to the producer is full of hope and encourage-
taxes, the
It is this
ment.
The Department of Agriculture reports the
average price of wheat on the farm (taking the country
as a whole), as 85-3 cents per bushel, and says that this
is 2^ cents per bushel higher than the average of the
ten years from 1880, and has been exceeded only once
The average for corn is
since 1883, namely in 1888.
figured at 42-2 cents, and it is stated that since 1883
reports net earnings be/ore deducting^^
Illinois
Central after deducting them, thar
among the roads varying a great
practice in this respect
The Iowa Central
deal.
for the
month under
reports net of $82,228 against $68,415 the Ohio
review^
&
Mis^
$126,847 against $120,610, the Flint & Pere
Marquette $95,917 against $91,623, and the Ohio River
sissippi
Railroad $45,120 against $27,805.
The stock market this week has shown increased
strength and also increased activity. The Vandorbilt
properties and the granger stocks Bnrlingtoa
Quincy,
St. Paul, &o.
—have
—
&
been the leaders in the
the value has been higher only in 1887 and in 1890, in upward movement, and some of the specialties, like
both of which years the crop was very small. The Chicago Gas and Distilling & Cattle Feeding Co.,
On the other hand, Misprice of oats is 32-2 cents per bushel; but once since have also sharply advanced.
1883 we are told has the figure been as high as this, souri Pacific and the Gould stocks have been weak and
and the average is 1'3 cents per bushel in excess of that lower, and Northern Pacific and the Villard stocks have
also evinced a drooping tendency ; on Thnrsday a
for the ten years from 1880.
enjoying an era of statement that the Northern Pacific hod sold a
cause oai
great prosperity, and the effect on the general range of batch of its Chicago terminal bonds served to
Friday
the
on
but
stocks,
in
those
reaction
upward
and
industries cannot be other than highly stimulating
mar*
the
in
feature
A
again.
downward
was
tendency
already
beneficial ; in fact, some of the benefits have
become palpable. If the situation in the South were ket during the lost two days was arise in the Richmond
The stockholders at the annaal
equally favorable if the price of cotton like the price Terminal shares.
propoei*
of grain were satisfactory ^the promise for the future meeting this week gave their approval of tho
Thus the producing
—
interest
—
is
.
THE CHRONICLE.
860
fvoL. Lin.
previously enough to express strongly and distinctly a favorable
have the body of financiers,
property opinion of the silver bullion law passed in 1890. We
the
of
condition
the
into
examine
announced,
cannot think he is happy in stating his reasons for that
affairs.
its
of
adjustment
for
the
plan
a
report
and
to take excepMessrs. Maitland, Phelps & Co., it is stated, have taken opinion ; indeed, we would have
to
any reasons urged in favor of the law,
this week $1,000,000 Improvement and Equipment tion
for we are fully persuaded that it is indefendable.
bond of the East Tennessee.
to
tion
made up from returns One statement of fact which the President makes is based
He says that it
collected by us, shows the week's receipts and shipments apparently upon a misapprehension.
"
should
forgotten
that
for
every
dollar of these
not
be
banks.
York
New
of currency and gold by the
" notes issued a full dollar's worth of silver bullion is at
Net Interior
Reeeivedby SMpptd bv
TTMk Xndimo Dtc. 11. 18»1.
" the time deposited in the Treasury as a security for
Movement.
If.Y. Sanla. K. F. Bonn.
"
We take exception to the last clause
its redemption."
$3,341,000 $2,118,000 aaln.fl,093,00<i
Ooirenoy..
50.01)0
SOO.OUO Lo3«.
150.000
Sold.
which we have put in italics. The late Secretary Win.
The
l^tal
following statement,
goM ana legal
With
$3,691,000
tendera.
Sub-Treasury
the
imports the result
Week EnMnt Dec.
is
$»,«48.oon Oal!l.«1.04;<.00(i
operations
and the gold
as follows.
Into
Bankj.
11, 1891.
Out of
Net Change In
Banht.
Bank Botdingn.
I'lBtetlormorement, ai above $8,691,000 $2,648,000 Oain.$l,043,000
600.000
nb-Treas. oper. and gold Imports. 14,100,000 U.BOO.OOO aain.
Gain
$1,643,00
$16,148,000
$17,761,000
Total gold and legal tenders ..
The following table indicates thr~amount of bullion
In the principal European banks this week, and at the
corresponding date last year,
Becimber
JMiko/
December
10. 1891.
11, 1890.
Sold.
SUver.
llDtoL
Gold.
saver.
£
£
£
£
£
23.881.465
24.831.755
(
TotaL
S
23.881,485
rranee
OermanT*. ..
Aust.-Hnn'y.
83.598.890 80,221.302 103,820.193' 44,823,000 49,780,000
S6.01«,500 H.871.500 48,886.000 25.464,667 12.732.333
6,484.000 18.679.000
22.113.000
8.580.00fi
6.349.000
0.909,000
Hat.B'lglnm«
2,767.33,5
1,383,687
4.1.il,000
have
something not very unlike
"
The
notes in gold or silver coin at his discretion."
when bought
away in Treasury vaults, but as the law stands to-day it can no more
be used by the Government to redeem the notes than
the New York bank reserves can be used for that
bullion
is
of course stored
purpose.
Comptroller Lacey's report presents some very sug-
94.603,0011
88,197.0.)'
4,919,000 16.563,000, 2l,482.0nii
3,292,000
2.831,000
to
idea of redemption in bullion embodied in the
bill which he proposed, but that feature was wholly
omitted in the law as passed. The notes, the Act says
(in the first clause of Section 2), " shall be redeemable
" in coin." Again, the last clause of the same section
reads that " the Secretary of the Treasury shall under
" such regulations as he may prescribe redeem such
84.831,756
ngland.
Netherlands..
dom endeavored
tlie
6,336.000
8,a28.00.'
1.4:5.000
4,246.001
gestive figures with respect to the national banks.
disclose
Tot.thiBweek 134.286,188 88.304.469 210.690,157 106.131.422 85.823.333 191,987.755
Tot. DreT. w'i 124.21«.7O»l8e.35l.l36'210..)6S.83» 103,239. -116 86.858.333 192.115,819
• The division (between i;i)ia and silver) given in our tai)le ot com and
bnlllon In tlie Bank ol' Germany and the Bank of Belgimn 19 made from
the best estimate wo are able to obtain; in neither case is It wlaliued to
be accurate, as those banks make no distlnotloa In their weekly returns,
merely reporting the total gold and sliver, but we believe the divislou
Te make is a close approximation.
HOTB.—We receive the foregolni? results weekly by oahle. and while not
ftU of the date given at the head of the oolumu, th^y are the returns
sued Beai««t to that date that Is, the latest reported figures.
—
at
the
bank
same time that no system
is
secure
Until the past year the disasters
had been so few it had grown into a belief that a minimum was always to be expected. Consequently when
against
the
failures.
number dropping out became much more numer-
ous the impression created was that the change was
caused by
official neglect.
that conclusion.
THE PRESIDENT'S MESSAGE AND THE
They
prove not only the health and vigor of the system but
ceptional cases.
The
facts
do not authorize
Of course we are not referring
Some such
there always
may
to ex-
be in any
is the general result we have in mind, which
accounted for by the changes which have been
The President's message and the Department reports, occurring in the system of banks during late years.
>iade public this week, contain nothing especially new The important circumstances to remember are that the
or striking.
At the moment the country is unusually expansion in the number of these institutions recently
free from any recent stirring public transactions, while has been very rapid, that the number of small banks
FINANCIAL REPORTS.
is
the old questions have been so thoroughly threshed
over that
it is
quite impossible to put life into
again without some
tom
new
exciting cause.
It
is
them
the cus-
in financial circles to scan the views of the Secre-
tary of the Treasury most closely, as they are more
intimately connected with business interests than the
suggestions in any other of the documents.
But Sec-
tary Foster's sickness has undoubtedly kept
him from
putting work on his report and hence we find nothing
of a character personal to himself there, and very little
which has more than a historical value. To be sure
the usual figures are given showing the revenue and dis-
bursements the past year and estimates for the future
those, however, are matters we have remarked upon so
recently that they do not call for further discussion
now.
;
While asserting though that the documents just sent
is new, we do not wish to
to Congress present little that
be understood as saying they possess
That
is
of course
by no means the
little
of interest.
President
Harrison in his usual facile style passes in review the
various matters of State upon which he is called to
touch. He drops a few words too against free silver
coinage.
fact.
year.
It
easily
has largely increased, and that the chief expansion has
been in sections where the methods of business are less
conservative.
It seems that for the year ending November 1 1891
there were 25 banks that failed with an aggregate capital
this is a larger number of disasters than
;
ever before occurred in a twelve-month and involves a
larger aggregate of capital than is reported for any other
of $3,662,000
Observe too the comparison which
year except 1873.
the one single condition of size of capital between those
two dates affords. In 1873 the number of failures was 11
and the aggregate capital was $3,825,000, which makes
the average capital $347,734 whereas in 1891 the number as stated was 25 and the total capital $3,662,000, or
an average of $146,480. Indeed, in the late year there
were 17 of the 25 banks which had only $100,000
capital each or less. This recent growth in small banks
is perhaps better stated by saying that during the six
years begining with 1886 and ending with 1891, out of
a total of 1,230 new banks organized, 684 banks had only
$50,000 or less of capital, and 370 other banks had an
average of only $96,354 capital in a word out of the
1,230 banks organized during those years there were
But while on that subject he stops long 1,054 banks having
;
;
less
than $100,000 capital each.
Dbobmbxb
THE CHRONICLE
18, ISItl.j
We might
go on and show that the situation of these
as a rule vras in sections whore inwas high and where the methods of business
nenr institutions
terest
681
for in the former year there
nation of buainen while
fairly
active.
wm •Inoet
in
oompkto
the latter trade
ttag
wm
'In
1886 the failure of supply waa a
were not of the most conserratiTo sort.
But we have consequence of the failure of demand ; in 1890 it
waa
not room for that to-day, and besides a location in the due to other oauses.
newer sections of the country for the majority of cases
What are tbeie causes? The answer is almost selfis to be inferred from the smullness of the average capital
evident.
The legislation of the laU three years has
of the recent organizations.
We should like also to forced the roads to practice the atmost economy ; and
add a few words against the prevailing idea that bank they iiave economized in train service and car
service.
examiners ought to correct any tendency away from We are simply suffering from the natural
effect of the
80\ind banking and bring the whole system to a level of over-legislation to which our
reals hare been exposed.
Bxccllonce in management.
In practice the bank ex- In the year 1887 the supply of railroad service
waa disaminer is of very little utility ; not because he fails of tinctly in advance of the needs of the country
there
his fluty, but because what he is expected to accom- were more trains and more cars than
there was
;
traffic to
plish is in the natnre of the case impossible.
fill them ;
different agents were competing with one
another for the same business. The legislaturds saw an
CARS
SCARCE.
opportunity which they used to the utmost. Bjlieving
Complaints of scarcity of cars are no new thing. the roads to be helpless they forced the rates down
They recur at this season, with the close of Lake navi- below figures which would pay a fair return, partly by
gation, almost as regularly as the old-fashioned com- refusing to allow the railroads to combine with one
WHY
ARE
plaint of scarcity of
money "
to
move the
supply of transportation facilities which
quate
when water
when
all
routes are open
crops."
is
A
fully ade-
another, partly by compnlsory reductions in charges.
Against such legislation the railroads had for the time
never quite sufficient
being no effective defense.
rail.
built
When
a railroad is onoe
has not the same recourse
This time, however, it happens that the complaints that is open to a business with less invested capital and
are much better founded than usual.
The lack of less strictly localized advantages. It cannot refuse to
cars
freight
is
is
forced to go by
instead of being felt on a few roads or in a few
localities
is
all
Some time ago
but universal.
the
Western roads refused to let any more of their cars go
East, and compelled much freight to be trans-shipped
at junction points. Now the Eastern roads are refusing
to
furnish cars for such trans-shipment, since their roil-
ing stock
As a
is
already occupied in more profitable ways.
result, there
and
is
a threatened blockade of wheat
that, too, at a time
when
seems like a
jjiiblic calamity.
Our crops are large, the European
demand is large, and prices are high; but the means
of getting the wheat from the hands of the producer
to those of the consumer are limited.
Nor can the
farmers wait complacently.
Their storage facilities
ftic;
it
it is
there to stay.
do business nor
let
its
It
track
wear out without over-
whelming loss.
But its oars are subject to different conditions. They
wear out, and will not be replaced unless there is money
enough to pay expenses. Capital invested in equipment is more like capital invested in a store or in a
bank. It is what the political economists would call
it can be withdrawn, or at least
;
not replaced, when prices are insufficient to offer a fair
circulating capital
return.
This
is
precisely
what has happened. The
up to the stand-
railroads have not kept their equipment
ard of increasing business.
Under ordinary circum-
enough to meet not only
demands of trade but the exceptional
are inadequate.
Two or three years ago; when there demands which are likely to be made at certain seasons,
were more cars than there was grain to fill them, the just as any well managed store arranges its faciliroads were glad to attract business by allowing their ties in such a way that it can meet more than
equipment to be used for storage; to-day anything of the average demand in case there is any specfor unusual work.
But with artificially
ial call
that sort is wholly out of the question.
A mere glance at the figures suffices to show the reduced rates business cannot be managed in
;
stances a road will have cars
the ordinary
A road is forced to economize. It
only
keep
cars
enough to meet the average demands
can
Poor's Manual for the last four years are as follows.
business
and
to
get along under ordinary circumof
Ttar.
Uiles.
Miles of Boad.,
Ton
Freight Can.
1887
050,887 stances.
61,561,000,000
136.986
If the customers claim a right to reduce rates
immediate cause of the
1888
1880
1890
145,311
153,680
157,076
difficulty.
The
statistics in
65,423,000,000
68,677,000,000
70,103,000,000
1.005,116
1,051,160
1,061,970
this liberal way.
by action of their own representatives in the legislature,
they deprive themselves of all hope of exceptional
railroad must continue to run, but if the
If we compare
1890 with 1889 we see that the facilities.
freight cars have increased only one per cent»
Mean- shippers fix the rates they cannot expect it to be ran on
time the increase in mileage has been three per cent, so the same principles as would be applied if the property
A
we are actually doing our business with a reduced
equipment per mile. This business has nevertheless
increased about 15 per cent, and has produced a corresponding strain upon the facilities for handling it. Nor
is this a mere
temporary difficulty. If we go back
that
•
i,
'
owners were allowed to say how the business should be
managed. When the owners manage the property they
have an interest in developing the business on a large
scale ; when the shippers make the rates, if they are nn-
willing'to allow enough to give a fair profit, they mnst
we eee that expect to see work done with a narrow economy, from
-we are handling 30 per cent more freight movement which they themselves in the long run mnst suffer
with only 10 per cent more cars.
In thp absence of most severely.
any enormous advance in railroad economy or railroad
Looked at in this way the case is simple. By forcible
methods, it is inevitable that an unexpectedly large reductions in rates the roads were prevented from makThey economized in the only
crop like that of the current year should find the facil- ing the expected profits.
ities for handling it inadequate.
There was a similar places where economy was possible chiefly in car serThus it happened that at a time when the shipcondition of things in 1885 in the matter of cars but vice.
•
tliree
years and compare 1890 with 1887,
—
;
the difference between
1885 and 1890
is
conspicuous,
pers most needed cars the Western roads were
anabU
1
THE CHRONICLE.
862
[Vol. LIU.
1885 and covering both the month of November and
matter has gone so far that
to furnish tliem, and this
unable to come to the
now
are
the Eastern railroads
the eleven months to the end of November.
For the
From the latter period it will be observed there is a gain in 1891
Western connections.
severe
mis- of $29,165,202, following a gain of $34,854,930 in 1890
this
is
a
producer
wheat
the
standpoint of
the stand- and $30,590,882 in 1889, and in fact there has been no
from
misfortune
a
is
it
Whether
fortune.
doubtful.
Ship- recent year when there was not some increase.
point of the wheat trade as a whole is
to crowd
attempt
the
where
point
a
reached
have
ments
xUeagf.
Earnings.
Increase or
Year
forward more wheat just at present would inTear
Tear
Tear
Decrease.
Oiven.
Preceding.
Qiven.
Preudint
prices
which
decline in
evitably be accompanied by a
NavemMr.
MUea.
MUes.
might easily overbalance the effect of increased volume
assistance of their
|
the standpoint of railroad finance,
from being bad, is really a
this scarcity of cars, so far
loss of this kind in
situation.
the
in
hopeful feature
of business.
From
A
cases
where
it is
really deserved is
much more
effective
justly be
in teaching producers what can or cannot
whole
volumes
than
control
railroad
of
matters
in
done
of
Supreme Court
decisions.
However much we may
regret the restraint of trade by insufficient facilities, it
the utmost value to teach the shippers
is. a lesson of
they want the facilities they must be preThis lesson was learned
pared to pay for them.
The experience of those
1876.
and
1875
once in 1874,
of
the Upper Mississippi
legislatures
the
years taught
that
if
1885 (85 roads)
188a (85 roads) ...
1837(108 roads) ....
1888 (107 roads)...
1889 (1S2 roads)
1890 (163 roads)
1891 (142 roads)
.
Jan.
1
f'Xov.
17,231
67.1)90
61,266
65,703
80,697
89,313
95,953
46,065
55.187
57,607
62,815
78,993
86,915
91,544
21,525,003
29,194,343
30,-53,818
29,061,060
37.931,006
42,475,2i31
49,187,681
20,073,653 Inc. 1,151,460
27,212.205 Inc. 1,002,138
26,752,888 Jne. 1,000,760
81,159,983 Dec. 1,198,383
33,900,702 Inc. 4,074,813
10,633,113 Inc. 1,880,161
15,223,208 Inc. 4,261,418
SO.
1885 (59 roads)
188(5 (78roads)
1887 (101 roads)
1888 (10« roads)
1889(112 roads)
1890(143 roads)
laai (141 roads)
199,692.437 198.958.814 Inc.
633,599
270,037,27a 217.5.';8.0!8 Inc ,23,479,255
292.753.813 257.170,317 rnc.35,2Sj,628
96.871
299,243.; 00 293,485.630 Inc. 5,758,150
367.903,8'7 337,312,755 rne .30,600,888
425,102,888 390.247.91S rnc.31,851,930
186,913,273 157,748,071 Inc .83.165.208
What makes
the favorable result for November of
the present year especially noteworthy and gratifying,
is
the fact that
it
has been attained in the face of some
We all of us know
Valley to be cautious in meddling with railroad rates, that trade was dull and quiet, and that a marked disinand this caution was the basis of a period of prosperity clination to engage in new enterprises existed. That is
almost without parallel in the world's industrial history. a matter of common notoriety. In addition, the condiFifteen years' time has made people forget the lesson tions in certain leading sections were the reverse of enand has caused a renewal of reckless legislation. If it couraging. In the South the low price of cotton and
can be learned over again by an experience of this kind the unsatisfactory condition of the iron trade have been
it will be cheaply purchased, even at the price of Tery depressing influences of considerable magnitude,
agconsiderable immediate hardship to those most directly gravated in special parts of the territory
by the troubles
Supreme Court decision is a very slow
concerned.
connected with the convicts employed at the Tennessee
and economic reaction a rapid and
education,
means of
mines.
In the Pacific Northwest the depression in the
sharp one. We may trust to the latter much more un- lumber trade and the reaction horn the real estate
reservedly than to the former.
boom have operated to restrict busines?. Then also the
rather important adverse influences.
A
ore traflSc
RAILROAD GROSS EARNINGS
FOR NOVEMBER.
Our November tabulation
of earnings reflects a con-
from the Lake Superior mines appears to
Fortunately an increasing popula-
have been smaller.
tion tends to
times,
create enlarged
and there have been
demands even
special
in
dull
favoring circum-
dimenThis applies as well to the cotton crop in the
South as to the grain crops in the West, the movement in both instances having been free and large.
Furthermore, there was a heavy live stock movement.
One section appears to have been favored boyond all
dollars
in
actual
million
figures
over 4i
$4,565,997, or
8*54 per cent.
The November statement now pre- others, namely the Northwest. The returns there are
This is best
sented by us shows a gain of nearly the same dimen- extraordinarily and surprisingly good.
sions, namely $4,261,416, and the ratio of improve- shown by referring to a few of the more prominent
ment is even larger, being 9-42 per cent. The extent ones. The Milwaukee & St. Paul has increased its
of this increase indicates very clearly the favorable na- earnings from $2,650,986 to no less than $3,214,161,
tinuance of the progress towards larger totals which
was the distinguishing characteristic of the returns for
In amount of inthe months immediately preceding.
crease the October statement, as was pointed out by us
at the time of its publication, was the best of any
monthly return for about two years, the gain being
stances the present year in crops of exceptional
sions.
—
the Rock Island from $1,330,114 to $1,559,633, and
we look to see what the comparisons were in No- the Great Northern (including the Montana Central
vember of previous years, other significant and sug- and the Eastern Minnesota, as well as the Manitoba),
gestive facts heightening the aspect present themselves from $1,556,842 to $1,886,496.
But it is not alone the
to view.
The showing for November 1890 was among larger systems that are distinguished in this way. The
the poorest of that year, and yet there was a gain in the smaller roads have enlarged their totals in an even morej
sum of $1,880,151, and the gain would have been larger noteworthy manner in most instances. The "Soo"j
except for the interposition of an extra Sunday, which road has increased its earnings from $197,357 to $292,-1
had the effect of reducing the number of working days 339, the Burlington Cedar Rapids & Northern from^
by one, there having been five Sundays in the month $318,245 to $396,915, the Minneapolis & St. Loais
last year, the same as this.
Going back still further from $155,300 to $193,801, the St. Paul & Duluth
we find a gain of $4,074,843 in November 1889, suc- from $142,303 to $199,907, the Milwaukee & Northern!
ceeding a lossof $1,198,323 in 1888,>hich had followed from $124,931 to $168,821, and the Iowa Central from
an increase of $4,000,760 in 1887. The situation then $152,853 to $176,266. The only roads in the Northwest
ture of the exhibit.
If
that during the last five years it has happened no
three times that the gain has run above four
million dollars.
Here is a summary extending back to
is,
less t'uan
showing a falling off in earnings are three very minor
and the Wisconsin Central and the Duluth South
Shore & Atlantic, the latter two having lost on the ore
lines
Obokmber
:
.
.
THE CHRONICLE.
12, 1S91.1
863
Tho Milwaukee Lake Shore & Western is also tho delirories of com were over 800,000 bniheli larger
an ore-carryiug road, but has gained slightly, and tlie than a year ago. Tho following table give* both the
Milwaukee & Northern we have already seen gained grain and the proTisioiu reoeipta at Chicago for the
very decidedly.
mouth and year
It is worth pointing out that tho present marked
EECBim AT OntCAOO DDRIXO NOTaMOIk AHO SIWOI JkHOKMT 1.
upward tendency in the earninsis of Northwestern roads
ttortmlur.
comes after several years of stationary or declining
uto.
laas.
un.
im.
UM.
tm.
It seemed through these years as if, as the
totals.
B.T41.MS
Whmt.biuta.
t.o;«,as8
*.«01,TT« a».0I7.8M ll.«34.m« I7.0IMM
result of increased competition and declining rates, the Corn.. .bush. 8,BtS.784 tMlMi 4,(7«,«*S M.471JMa 78J86.00J' 78.04«4«
•.aorjw 4.TtT,«Ta 8.aM.ia« 67.tt4.ni W371.in M.«W.Mt
Oati..ti<uh.
roads were destined to see their earnings permanently
8u.tn
«a8.»i»
an.ivt 8.40NJM t,fl«).470{ M4t.n»
Kf*,. .biuli.
Thus tho St. Paul reported 12,040,218 B>rl«7.b<uh. «,181,0»0 «.»S7,«3l i.oa«.am 10.U2M8 ujta,Mi 11.147374
kept do^vn.
traffic.
1
19.SMJ1* 12.48S,BU u,in.tM iT8.«ae.07t ia8.8M.718 148.774,0M
6S0.Mt
4a«.«M
8M.701
8341.406
83*1.767
8318381
Pork....bbIi.
<.SM
10.180
».»«
U.Wl
71381
84.0M
Cutm'ts.lb«. l»,l77.1«fi 13.7«».«83 8ft,lt8,t»7 IW.MI.ftW 880357304 8l03»7,;i«
I.«r<l
lb*.
»,847.»1S 13.lllie.l^3
».24»,«7t •V.88e.U8 139.38M«7 863aM8«
878,««al
LlTtbonNo 1.0«fl.8«S
(M.OOS
T.S82,54S
8348.SM
November 1887, $2,615,260 in 1888, $2,737,377
in 1889 and $2,050,986 in 1890; the present year the
Tho Rock Island in
total has jumped to $3,214,161.
1887 had earnings of $1,325,588 and in 1890 the
amount was still nearly the same, being $1,330,114.
Total (imtn
gross in
This year there
an increase to $1,559,033.
rioar..bbU.
Thus about 19^
So, too,
million bushels altogether of the
November 189'1 agaiost
we take the aggregate of several principal systems or less than 12J million bushels in November 1890, being
lines; in 1887 the amount on ten of these was $6,556,- an increase of over 6,800,000 bushels.
The figures
611; in 1889 $6,957,030, and in 1890 $6,979,076; now however are independent of the receipts of flax-seed,
the amount is $8,208,813, as will appear by the follow- which the present year were 2,689,477 bushels, against
is
various cereals were received in
if
This gives a further increase o(
about 1,700,000 bushels. Hence adding this to the
other we get a total increase in the grain movement at
this one centre of about eight and one-half million
ing.
1,007,504 bushels.
KAa\'INaS or XORTaWZSTXRN
1891.
Sfovembtr.
1890.
8~"
»
Burl. Ced. R. * No.
Chic. Mil. *St.P8ul
Chic. R. I.* Pao..
SDH.alS
LIN'ES.
1639.
1888.
8
8
1888.
1887.
8
818,215
283,040
S05.833
299,683
290,670
3,214,161 2,050,986 2,787,377 2.815.260 «,610,213 2.489.313
1,55.),833 1.330,114 1,459.872 1,988,229 1,825,588. •1,004,101
152,832
112.661
126,971
138,693
133.815
17e.'M6[
268,770
286,931
2!7,142
201,799
480,700
240.948
iai,931
116,361
85,224
67.149
168.821
83,128
156,500
154.7D2
140,600
147,684
161,8>4
182.801
142,303
177,192
147.349
199,907
125,788
118,487
910.367 1,180.843
810,514
1,689,116 l,S76,9S0 1.221,300
419,e86|
335,539
241,988
430,493
457,743
344,243
Iowa Central
Mil. L.S.* West...
Milwaukee & Nor.
Minn. *9t. Lonls..
Paul*Duluth.
Sl.P.Mlnn.&Man.
WUcoDstn Central
at.
Total
6.957,030
8,208.81.1' 8.8711,076
6328.973 6,666,611
bushels.
The
movement, as measured by the re«
cutmeats and lard, was much smaller
than a year ago, but the arrivals of live hogs aggregated
over a million head, against only 878,992 in November
1890, 698,095 in November 1889 and 482,442 in No-
As regards the
vember 1888.
6.521,68
_
provisions
ceipts of pork,
.
live
stock
movement
as
furnished by the Chicago corre• Not Incladlntt the lines west of Missouri Blrer.
spondent of the Evening Post of this city shows that
In the Southwest there is also very marked improve29,940 car loads were brought to Chicago in the month
ment the present year, only not quite to the same extent this year, against only 27,338 car loads in the month last
The Atchison, with the San year. Tho increase, however, was by no means evenly
as in the Northwest.
earnings from $3,651,812 to
increased
its
Francisco, has
distributed among the various roads in fact some of
Missouri
Pacific, including the Iron
;
the
$4,045,967
them brought in less live stock than last year. Thus
Mountain, from $2,252,265 to $2,405,490 ; the Missour the Atchison delivered only 1,831 car loads against
Kansas & Texas from $865,174 to $945,486 ; the St- 1,959, the Alton 1,970 against 1,930, the St. Paul &
the
Louis Southwestern from $423,654 to $516,714
Kansas City 1,147 against 1,178, and the Wabash but
Texas & Pacific from $720,430 to $765,153, and the 1,782 against 2,188. On the other hand the deliveries
Kansas City Fort Scott & Memphis from $413,467 to by the Burlington & Qtiincy were 7,100 car loads
$454,208. The Denver & Rio Grande and four minor
those by the S;. Paul 3,934 against
a whole, a statement
—
;
3,564,
against 6,117,
roads in this section are obliged to report diminished
earnings.
The following is a six-year comparison for a
number
of leading roads
;
Missouri Pacific
the
omitted because we have not
its
figures
those by the Northwest 5,233 against 4,3
for the back
2,409.
The
EAHXISGS OF SOUrnWBSTBBS OBOOP.
1888.
1801.
1890.
1889.
t
8
*
*
2.883.249
798,500
2,741,978
2,52»,18I
73 -.,600
78\878
426,180
Mo. Kan. A Texa».
et.L. Southwestern
Ht.L.& San Fran..
464.208
t016,ia8
818,714
635,150
413,4^7
tS05,17l
423,634
607,ai5
+623.199
434.995
TexasiPaolflc....
7<I6.153
720,430
765.201
866.860
403.893
667,173
323,696
646,075
880,287
7,288,870 8,714,329 6,550,283
6.873.157
AtcU.Toi^S.Fe.*
Denver 4 Rio Gr
.
K. C. Ft. 8.
& Mem.
Total
3,234,850
608,79S
1887.
1886.
8
«
760.429
482.102
639,188
824,853
632,280
787,001
!
848.907
406.681
779,672
208.683
619.494
714.611
and those
bythellliuois Central 2,601 against 2,038, while tha
Rock Island brought in 2,424 car loads against
is
years.
iVuUfmiier.
$2,
gain in the grain receipts at Chicago, largo
though it is, reflects only a part of the wonderful angmentation in the movement in the Northwest. At
Dulnth, for instance, the receipts of wheat in the four
weeks ending November 28 1891 were as much as
10,667,204 bushels, against only 3,488,093 bushels in
the corresponding four weeks of 1890, the gain being
In these four weeks the Lake
over 7 million bushels.
Superior point received five million bushels more of
At Minneapolis the receipts
wheat than Chicago.
were 7,836,980 bushels, against 6,930,050 bushels.
The large grain and live stock movements have been Outside of tho Northwestern section the gains are not
points there are
the principal favoring elements in these two sections. so noteworthy as a rale, and at some
to the
particularly
applies
more
This
latter
On Northwestern roads particularly tha benefits on that losses.
Clevethus
St.ttcs
Western
;
Middle
in
the
movement
account have been very striking. For instance, over 5i
Under
wheat.
even
of
receipts
diminished
shows
land
ia
million bushels of wiioat were delivered at Chicago
•
systeia eioapt St. Looli
iQoluded In these rears.
Whole Atchison
Faelflo
A
San FranoUoo.
t
KanMS
CItT
*
November 1891, agaiust only about 2 million bushels in the circumstances it is not
November 1890, while the quantity of oats brought in was of earnings for tho roads
bushels,
and the
6,607,899 bush'-ls against 4,727,673
quantity of rye Sl4,2;42 against 236,919 bushels.
Even
irregular.
Hero
is
details of the graia
surprising that the exhibit
that section should be
our custoaaary table giving fall
in
movement.
~^
..
1
BBGBIPTB or IXOUB AKD QRAIN FOB FOUR WUBK8 BKDBS MOVEHBBB 28
AND SINCB JANUART 1.
Wluat,
Flour,
ibbU.)
4 Tka. Not.. 1891.
*wka. Not.. 1890.
Hiiae Jan. 1. 1891
Jan. 1.1890
Boe
ifUwa lifer*
«wk«. Nov.. 1801.
«»k«. Nov.. 1890.
ainoe Jan. 1.1891
DCe Jan. 1,1890
«WkB. Nov.. 1891.
4 wta. Not.,
1890.
noe Jan. 1. 1891
a5oa Jan. 1,1890
Com,
(tntsA.)
OMeam—
629.513
425.083
8.876.880
3.847,810
6,615,021
1,978.642
39.029,f.71
11,689,812
1.314.8M
ibi.SSi
JlS.llO
2.353.023
8.73i).162
2,2111.297
8.409,212
118.218
73.760
1.228.249
1,166,187
991.273
BaWev,
itnuh.)
100.810
66.720
834.160
699.480
186.000
815.815
221,846
8,406,825
2,6et>,660
278,836
113,460
1,794.866
1,178,326
457.800
400,9u9
1.838.132
2,123.997
280,920
28,869
880,368
474,26*
201,0U
780
204,602
60,688
168.606
7,752
1,888,292
118.080
198,014
107,637
730,225
1,601,078
10.76.t,»06
1,682.800 1.066.610
776.166
761,160
15,752.874 11,042,885
43,193,263 10,890,464
1,387,070
232.387
18.230.267
5.267,466
302.J70
724,376
2,678,768
16,031,431
2.164.627
889.579
22.372.170
1,6«8.7»0
1.358.188
8.069.413
9.349.478
30l..^00
4.164.681
8.498.866
is
4.243
8.82«
47.971
90.24(>
617.701
105.731
6.980.966
40.265
U.3S7
602.486
10.990
10.481
118.603
148,038
4.S82.IJ99
139,802
120,916
1,921.690
1,«8»,270! 1,856,469
4 wlu. Not.. 1891.
4 WW. Not., 1890.
Jan. 1, 1691
o« Jan. 1.1890
PtoT a—
30.710
33.839
489.137
S48.153
132.095
209.700
2.410.614
2.180.017
190,911
80.641
203.861;
372.983
1.929.330 8,076,220
1.182.110 2,768,118
41,744
43.201
372.606
619.244
28.200
4wta.N0T.,1831.
4 wka. Not., 1890.
14.700
117.000
88.600
1,328.100
920.930
l.Oei.800 1,898,000
692.400 1,030,000
9,631,000 13,334.000
11,760,701 16.844.000
182,800
146,800
920.700
1.177,860
29,700
19,800
260,160
268.060
10.667.201
8.488.093
86,074.066
13.105,083
1.198
827,818
1,102,108
O,S10
676
'e8,'oti
"5,'556
4Wto.NOT..1890.
ooa Jan. 1.1891
1890
Kooe Jan. 1.
62.616
147.693
887.026
we do not know, these roada never being included
For the Atchison (including the
Louis & San Francisco) the increase is $394,154,
and that system ranks third in the order of gain. The
in our early statement.
Great Northern has *.329,654 increase, the Canadian
Pacific $275,510, the Rock Island $329,519, the Missouri Pacific, including the Iron Mountain, $213,225, the
Louisville
&
&c., &c.
The
Nashville $130,009, the Wabash $127,086,
following is a full list of all gains above
$30,000 and also all losses above that amount.
PBIHCIFAL CHANGES IN
nnreaaes.
Muoe Jan. 1.1891
Warn Jan. 1, 1890
9.019,
154.226!
111,098
8.814
1,400
68.662
kaoe Jan. 1.1891
noe Jan. 1, 1890
4 wkt.
XoTh
4wl«.
r^ov., 1830.
1.
Atoh.
&
&H. R
St.
Paul....
andean Francisco
Great Northern
Canadian Paoiflo
1801
18U1
1890
202,802
»11,088
1,688.101
2,164,705
Minn. St. P. & 8.8 M..
St. Louis Southwejt....
Chio St. P. & K. C
&
Chesapeake
Ohio....
LoulBT. S.O.& Tex.
Mo. K. <b Texas system.
Burl. Cedar Rapids A N.
. .
563,175
394,154
329,654
275,510
229,519
213,225
130,009
127,086
94,932
93,060
91,192
90,893
84,562
80,312
Illinois Central
Grand Trunk
j
Dulvth'«irki. Not.. 1891.
4 wks. Not., 1890.
1.
Chic. Mil.
EABNING8 FOR NOVEnCBER.
Increases.
$623,798 St. Paul & Duluth
$67,604
Wabash
^0*
Jan.
N.Y. Cent.
GROSS
Chlo. R. Island* Pac.
Mo. Pao. and Iron Mt..
LoulsTille & Nashville.
-
noe Jan.
[Vol. LIll.
St.
(Inuh.
(Inuli.)
8.646.184 6.881.043 2,060,286
2.895.916 4,485,530 2,204,212
64,623,901 67.348.228 10,603,602
79.06a<«3|69.668.489 13,438,264
west
t
4irks.NoT.,1891.
4 wlM. Not., 18(H).
> Jao. 1. 1831
Bjan-l. 18J1
DftTntt4 wki. Not., 1891.
Kw
1
THE CHRONICLE.
864
OUveland
...
178,633
1,480,778
of Can...
Me-tican Central
Norfolk & Wesiern
*Por three weeks only.
7fi,670
78,2-8
73,654
IWoI
of ttU4 wka. Not.. 1891. 1,2'>6,340I 80.162.592 9,785,323 0,104,401 4.488,892 1,672,090
4 wfea. Not., 1890.
981,793 14,983.835
6,199.321 7,089,626 4.270.276
898,201
Jan. 1. 1891 9.8")0.142:i8J.979.103 96,700.991 01,811.920 2t,8»0.079 13.338.052
BtJan. 1.1890 10.074.34S 9'.\8»0.150 'l64.«8 1 .586 95,8W,392 28.276.411 4,787,086
KM
&
West..
Texas & Pacific
Milwaukee <k Northern.
K. City F. 8.
Chlo. Peoria
& Mem.
& St. L.
. .
.
.
Minn.it 8t. Louis
Tol. St. Louis & K. C...
Col. Shaw. A; Hocking..
Bait. A O. Southwest..
Peoria & Eastern
49,878
44,723
43,890
40,741
39,376
37,301
36.997
36,098
32,023
31,919
Tot. (represent'^ 36 rds.)$4,230,504
i*ecre.<se«,
DeUTer A Gio Grande.
EaJt Illinois
East Tenn. Va. & Ga..
Mexican Railway
Chio.
cfe
$63,000
50,912
•43,219
46,096
66,4'24
60,887
It will be seen that the 31
7,836,980
6.930,060
48.208.283
88.074,676
N. Y. Ontario
Tot«14roade
$203,227
systems or companies whose
gain exceeds $30,000, and which represent 36 roads in
our table, contribute an aggregate gain of $4,230,504,
whereas the gain on the whole 142 roads in our table
reaches $4,261,416.
Out of the 142 roads there are 47
1
The
aggregates here furnished are of large magnitude, but it is the wonderful augmentation over a year
altogether which have suffered a decrease in their earn-
ings, but in only four cases is the falling off large, as
ago that gives special importance to them. Ou wheat shown in the above, namely on the Denver & Rio Grande,
alone the receipts in the four weeks of 1891 were over the Chicago & Eastern Illinois, the East Tennessee and
15 million bushels larger than in 1890, the figures hiin<r the Mexican Railway. The Eastern Illinois was affected
30,152,592 bushels, against 14,983,835 bushels. Further- by the strike of the Indiana coal miners and the East
Tennessee by the trouble with the convicts at the
more, there is a gain also in corn and every one
of the
other cereals, oats, barley and rye.
For all the cereals, mines.
By an examination of the list of large gains it will be
the receipts the present year were 52,793,359 bushels,
observed that aside from the grain-carrying roads, which
against only 32,238,362 bushels last year.
In other
words, the increase has been over 30J million bushe!s, are unusually prominent, there are some Southern
roads that find a place in the list, among them the
equal we may suppose to about 600,000 tons
of freight.
have already pointed out that the greater propor- Chesapeake & Ohio, the Louisville Ne.v Orleans &
tion of this increase has been in the Northwest, as ap- Texas, the Louisville & Nashville and the Norfolk &
pears by the receipts at Duluth, Chicago, &c.
Toe Western. The large cotton movement has had something to do with this.
For instance, the Louisville
effect of the increased shipments from that section
We
is
strikingly seen in the statistics of the traffic passing
through the St. Mary's Falls Canal.
have this
We
New
Orleans & Texas brought into New Orleans
105,616 bales this year, against only 76,892 bales last
week received the statement for the month of Novem- year. The Texas & Pacific delivered 102,399 bales
ber, and find that 13,881,328 bushels of wheat were against 68, 143 bales, the Illinois Central 79,166 bales
sent through the canal the present year, against only against 78,601 bales, and Morgan's Louisiana & Texa»
4,067,841 bushels in the month last year.
Incidentally
the statement is also useful in throwing light on the
dimensions of the iron ore traffic from the Lake Superior mines.
We observe that only 185,276 tons of ore
Total receipts at all the
72,402 against 35,257 bales.
Southern ports were 1,322,655 bales the present year in
November, against only 1,102,478 bales in November
it will be seen from the following that the
bulk of the increase is found at Galveston and New
Orleans, though Charleston, Norfolk and Wilmington
1890, and
were sent through the canal the present year, against
276,024 tons last year. The west-bound shipments of
coal do not appear to have differed very much
reflect considerable gains.
Tne shipments overin the also
two years, being slightly smaller, however, in 1891,
land were 394,706 bales, against 331,168 bales.
at
HBCEIPT8 OF COTTON AT SODTBBRN PORTS IN NOVBMBKB, AND FIOM
187,997 tons, this comparing with 198,123 tons in 1890.
JANDART 1 TO NOVKMBBK 30. 1891, 1890 AND 1889.
Of course the larger grain movement operated not
Since Jdiiuary 1.
Port».
only to the benefit of the Western roads, but also
1801,
1800.
1880.
1801.
1800.
1880.
to the
benefit of the east and west trunk lines.
bales
242,908 104,507
171,222
053,706 761.501
727,663
Hence it is GalTestoD
Bl Paso, &c
6,600
3,261
1,41«
27,018
82,091
21,818
natural enough to find that in amount
of gain the Sen One&ni
471,264
362,4.50
430,209 1,900,906 1,423.003 1,636,864
44,806
66,098
49,030
241,484
199.173
New York Central leads all other roads in our table, Mobile
211,127
Florida
2.939
7,727
6,081
32,217
87,297
26,830
having enlarged its gross earnings
184,492 198,205 204,867
9S0,533 817,050
783,607
$623,798 for the SaTannah
Bniniwick,
dec
86,036
88,180
27,231)
143,801
138,.W» 145,669
month, the Rome Watertown & Ogdensburg
being Charleatou
98,884
69,071
88,809
486,018 308,246 322,166
excluded from the comparison in both
Port Royal, Ac
399
276
460
7»0
6,848
7,166
years.
But
while the Central stands first, the St. Paul
does not fall
far behind, having an increase of
$563,175.
What the
increase on the Burlington & Quincy
and the North-
Wilmingtou
Washin^tou, &e
Norfolk
Wait Point, Ao
Total
41,693
38,278
764
117,870
1,063
70,621
96.266
82.202
30,026
1,058
104,130
80,285
183,270
1,876
612,116
368,019
1.82t,li55)l,102.4t8 l,211,860l 6,804.960
147,668
2,364
400.664
301.790
113,647
2,844
146,282
421,176
:,668,080'4,6fl5,gOe
.
Deobmbbb
—
J
..
...
18,
.... ...
| '
865
Qrou Mwninff:
i
KAKNISO!« or SOUTUBRII OBOOP.
<
»
A Ohio
1
680,S4a
20i,800
771.238
a 189 141
h29.8J2
OhM.Obto&So.W.
Oln.N.O.ATei.r.'
B. Taoo.ya. A Oa.
a 614.861
LonUTllleANiuh.
1,«75,78«
460.012
S7e,!)8a
a l«l,6S0
167,669
3*6,717
313,663
754.611
688,724
1,J19.020 1,211,620
142.800
143,116
Mampbls * Cbv.
Mobile A Oblo
Morfolk A WosU..
Bloh.ADanv.syat.
Caroliaa.
.
806,787
668,070
1,805,736
IioaUT.N.O.ATax.
oath
I
ISM.
t
.
ToUl
;.^888
*
»'lS?^"f']?J'Ifi'?2:
flit Tear
6.961.878
1889.
1888.
issr.
U8t
1
1
1
*
IM8.681
188.718
816,890
I
I
NurthwMtara...
OlDii.PorU. * Vlr...
Col. * ItoyirtUe...
CiD. W»b, * HJeh....
OloT Akron AOol...
Oler.C'ln,
Ob.*Bt. L.
AEMt, UIt.
A HnrlntU
4M.496
406,066
178.888
Clevfllitiid
613,687
308,140
713,887
616,631
611.889
434.873
Colorado Mlillaiiil. ...
Col, Hook. V»l. A Tol.
1.686,416
1,341.787
1.601,896
1.381,9»7
361,868
:t87.196
296,328
841,601
166,176
388.078
146.338
877,446
671488
647.686
86S.77B
1,136,478
191.08:1
175406
364.781
86»,8«8
113,809
5.027.819
139,393
t<8337
961,881
119,674
8.649.868
5.639,864
6.814.834
Poorl*
CoLBhawDMA Hook.
Colius ALaka
Current BiTar
Uenv, & Rio Grande..
Dea Molnet A North
Des M. & N'weateru..
Det. I.KnalnK<Si Nor ..
Dul. Bo. Shore ckAtl..
DuJut <k Wlunlueg.
470^88
1
•B.Tonn.T8.4 0»..
ElKlu JoUet
loolula* Soloto Valler * «ew Boxlaad and Sbananduab
" **'"'*'' *»«'' ">' ™Parted ; flcurea taken ume a<
and the Grand Trunk have done very
well, as
& Itoht.
Evans. & Indlanap..
Kvannv. AT. Haute.
Flliit&PeroMarQ...
Fort Worth & Rio O.
Oa. South. & Klorldii
In the Middle and Middle Western States the larger
trunk lines like the New York Central, the Wabash
i
"'"•,'*''¥'''''*'";'"">"
IDot.Qr.Hav.A Mil
Gt. So. -8. P. M. A M.
Eastern of Uluu...
Montitna Central..
roads show increases and 30 decreases.
TMONK U.MBS, AND MIOULS ASO MtDUbl WISTIBX BOADS.
Oulf ACbloaKO
Humoston <t Sben
Hutchinson ASoath'n
. .
Sov€mb«r,
Salt.
8
40. Soutbw.
187.079
139,615
187.816
116.636
«916.834
241,362
106,799
58,066
177,816
Bnff. Roch. A Pitt.
Ohloago 4 East. Ill
Ohio.* West. MIoh
Cl.Cln.Cblo.&St.L
Col.
Hock. V.A Tol,
A No.
Oet. Lanaing
ransT.A Terre H.
Wlnt
A P.
Marq.
OrandRap.AInd.*
Or. Trunk of Can.t
347.738
1,426.110
liou.BTans.A 8t.L,
Rook A Mem..
LonK Idluud
Little
I
I
L^iJfa^.-ii'vans.'ASt.L
LoKlsT.
A
NaahTllle..
A
Mexican National
tMozloan BallwaT...
Milw. L. Shore AW...
Wabash
West. N.Y, APa..
111,836.87
10.036,689
9.100.126
l^oor weeks.
J For these rears we bave added toaether
m.^rv,! ,^"- . I"''>^'''- •o''- St. Liuls A Chlo. aad Cairo Vlnoennea A Chlo.
I
nl-rf'iW .°- ?
1 Boine Watertown A OBdeasbure Included
tor all the Tears.
Among
.
•Mempb. A Ohar'ston
Mexican Central
4 West.
8t.I,,A.4T.H,br'»..
Tol. A Ohio Cent.
large
.
A
OhloAMlaslsBlppl,
Total
Kanawha A Mich
Kan C. Clin. ASpr...
Kan. C, Ft.S.AMem..l
Kan. C. Mem. ABlr..
Keokuk A Western
Lake Erie A Western
LeUlgb A Hud. River.
Louis. N.Alb.AChto..
Lou. N. Orl. A Texas.
LoulsT. 8t. L.
Tax.
Ljrnohb.
Durham ..
Louli.N.A.AChlo.
N. Y.Cent.AH.R.t
Pittsburg
Central
Ind. Ueo. A Qulnoy..
Intornat'lA Gt. No..
Iowa Central
Iron Katlwajr
Illinois
1886.
the Pacific roads the Canadian Pacific has a Montoroy A Mex.Gulf
N. Orleans A South'nl
the Northern Pacific only a nominal N.Y.Cen.AHud. Blv.,
Rome Wat. A Ogd.'
Both had large gains last year and the year N. T. A Northern.....'
N. Y.Ont. AWeat....
Norfolk A Western.
before.
.
BARNIN08 or PACIFIC ROADS.
Hfov&miiit,
1881.
Canadian Paciao
Northern Paclflo.
Bio Orande Weet..
Total.,
•
1890.
1
8.010.000
3,599.586
1888.
1
1888.
2,588.311
1886.
1
»
»
»
1.581.000 •1338,964 1.289,337 •1,073.386
I
i
1,754,190
3.326,781
1,891,613
226,600
306.600
137.120
145.810
4.8J6.166
4.639,501
3.947,890
8,873.416
New Brunswick
1887.
A
1,640,110 1,398,806
117,986'
101,450
3,044,363
RiohmondAUanrllle.
VirKlniaMld. DlT..
not Inclnded.
Qrou Earmngi.
Pittsb,
HUeagt
CoI.AOreenv.Dlv..
West. No. Car. Dl v..
OeoTgia Pao. DIr.
.
WaalLOUoAW.OiT.
of Road.
1891.
]lnerea$e or
1891,
Deertate.
1890.
1890.
1
Ashe. A Spar. Dir..
Bio Grande Western
.
Tuaoola A Huron
St.L.Alt.AT.H. Brs
St. Louis Southwes'n,
St. Paul A Duluth
San Fran. A No, Pao.
8ai;.
Atoh, Top. A 8. Fe...
8d»J'ntlyo^Tn'd.'3.
St. L. A San Fran.
R'dsJ'tly own'n.ij
Atlanta A Florida
.
.
.
A Ohio tsoutliw.
Blrm'ham A Atlantic
Bait.
Buff. UocU.
A
Plr.ts.
Burl. Ced. Rap. A No.
Canadian PaciUo
O.FearA Yad. Vol...
Char. Cln. A Chic...
^arl. Sumter A No.
Chesapeake A Ohio
Ches. O. A 80. Wesfu
Onlc. A East. Illinois.
Ohio. Mllw. A8t. P...
Peo. A St. Louis
^lo. B. Isl. A Ptto..
8t. P. A Kau. C
OMo. A Weit Ulob..,
^0.
^0.
•
i
4^331,624
+ 17,787
6,687
682
3,0.^5,460
179,2'>0
2,7J3,836I
035,150
607,S55i
176.1,'>"
158,708
+ 27,295 1,328 1,329
.536
626
+ 17,44»
13,309
224,77»
I2,79li
l!tl,855
+ 32,9i3
161,413
2,010.000
53.182
7,10s
210,313
318.345
1,734,490
47,574
16,.'>00
16,J24!
Iti.OOO
8.5i5
4,251
6,636
687
i
+ 518
—2,857
106,
asil
82'
105
281
22
304
680,316
US, 175
22-1, .!.50
279,162
3,214,161 2,650,986
tl3,4H
102,7!)4|
+ 14,186
304
+73,670 1.083, 1,046
+279,510 6,731' 6,568
336
836
+6,908!
175
+276
175
79
139
+7.445
970
931
+90.893
398
-6.359
398
436
-60,913'
486
+661.176 5,721 9,659
316
39,378
316
1,55,).U33
1,330,114
+ 229,519, 3,408 3,354
457,759
366,567
1*8,985
224,4M9
3>J0.i»l5
771,23tf
141,>>16
141,19i,
I
+ 91,192
-1,793!
864
489
863
489
9.787
61,481
882.762
179,967
108.00m
67.724
63.886
il.lSa
1.910
19,233
30,668
960
98,62«
78,177
1.178.462
161,8l«7
28.491
171.616
890, 5u8
70,178
2.666
18.084
785.500
ia,26'<
20,0^3
97,389
132, 5:w
43.).0ll
176,266
2,725
89,019
24.7H9
4.^4.203
j
Sav. Amcr. A Mont..i
Sioux City 4 .\orth..|
Bouth Carolina
Tennessee Midland..
Texas A Paoino
•Tex. Sab.V.A North.]
Tol. Col. A Clnn
Tol. A Ohio Central..!
317,609
41.099
2S4,07»
764,611
+81.919
-3.408
+8.1UI
+ 16.470
+ 80.098
998
190
148
170
8
too
19
806
194
361
109
350
387
164
+738
33
-1,860
83
—03.000 1.637
+ 1,836
43
+3.011
- 6.324
— 87,3>0
116
338
689
86
+ 5.599
-43.219
1.831
+ 13,719
164
+3,449
163
-1,84
181
+ 1,919
+ 34.206
—9.324
104
188
199
637
637
144
90
18.6:10
-2.610
386
438
86
63
1.560.035
+73.654
3,4iK>
289,279
86,163
+ 11.865
336
180
1,376,630
64.819
116,363
6.138
15.07<]
4.723
-1,5,593
—907
+78,288' 3,884
-1,229!
163
+ 23,897
836
+ 23,414
497
39.187
390,114
152,852
3.121
30,223
42,43
-399
—1,209
—17,668
+40.741
+4,160
41;<,46
ll-<,758
107.357!
865.174|
2.252.265
343,652
61,464
19,117
3,099,531'
300,011!
36,696
204,2011
693,724
13,8110
14.763,
-371
+ 29,848
—2121
+8.rt98i
-3.947
+32,171
—6,73
637
800
+ 9,113
— 1.755
121
114
—8,009
330
+ 66.424,
1.803
1,318
1
+3,291
—46,096
+ 10.930!
+ 43, "90;
3.879
103.
sao
497
90
148
ie»
071
870
148
788
90
130
801
378
331
741
362
087
800
Itt
114
sso
1,687
+ 2.761
17
+ 37,301
+94,982
868
809
SO*
17
SOS
800
+ 80,312
1.677
1,770
+ 213,225 5,247 6,300
—16.9351
087
687
24S
+ 12.966' 390
—2.8371
63
00
+ 633.798: 1,467 1.400
-""
039
039
+ 17,598
01
430
61
+4.403;
+49,873'
423
+ 60.887 1.105
+234 4,856
1.047
4.068
683
309
140
364
OSS
809
140
904
S«7
7S
+ 1.978
85
367
78
1S4
-12,100
1,164
A.1S0
-84.300,
—6.800'
346
S4«
303
SOS
396
996
309
809
566
•oo
90
60
70
70
446
07
349
14381 i.sn
390
s«r
180
160
190
178
96
98
S3<
318
139
ISO
—93J1
+ 3.856
+3.646'
+9.186
60,615!
3.046
+267
-16,361
—1.963
—9.iou;
+730
16.5.3.50
+ 91.3^0.
+ 1.130'
—200
38.0i:(i
14-!.>-00
12.100
I4.5U0
309.600
8.833
119,330
423,664
143.308
68,875
46.667
84.619
143.115
23.000
81.189;
—2,139
76,5.193
730.430
+ 44.723
—.587
+ 173
4.78 2j
80
143
163
671
876
148
733
90
136
361
873
+ 84.683
20n,.555'
36,880
3,48T
+ 130.1109' 8,856 3,848
328,605
86.444
64.932
21.376
642.100
805.000
93,00O
89,000
90.570
38».
419
80
69
380
189
+813.436 3,078 3,034
73
+ 130,806
71
—3.638
335
199
03
+434
03
-476
96
98
+5.128
82
83
+ 4.223
1.616,0.1]
2.'S99,311,
14.300
3i6.60u
8,523
122.030
516,714
199.907
76,809
41,029
*M
+ 3,809 1.987
21.133
69,736
204,184
36,607
2,599,665
327,672
69,700
9 •.623
69.811
3,313
184,294
4.316
27.053
130.376
83.2^9
Tol. Peo. A West
180,999
Tol. St. L. A K. City
1.203.980
Wabash
307.400
We»t. N. Y. *Pe»n..
101.168
Wbeel. ALakaSrIe..,
430.493
WisooosinCaatnkl. ..
.
+6.499
+ 1.876
215,t<99
|
i
+ 10,.5H8
+ 604
+ 1,419
+ 318
1,933
12 .',018
34.190
34,570
243.959
273,807
28.710
28.931
74.028
82.786
291,641
295,588
109,*4i!
131,719
1,805,7-5 1.675.766
231,081
226,258
376,380
460,942
31,164;
40,277
13,751,
11.99b
130,6121
124.603
654.492
588,0681
32:4.591
332,882
267,893
313.989
869.7701
230,700
184.931
168,821
13.400
lU.H39i
158.600
19^,801
74,129
16.290
3.723,379
f 13.1189
13,983
798.900
lu,133
17,472
101.213
169,386
9,67i.
60,612
188.691
85,600
15,920
1,633,689
301,141
90,386
1.689,116
1«6,«55
111,736
5,572
15.500
9,866
1,694.339
38,258
+ 81.318
879,038
84,078
474,431
49.012
24.787
91.419
49
•44
3.484
1.169.813
119,978
31,994
103,414
11,2611
-888
-33,430
+ 640
737
93,037
78,30
431,813
61,727
28,216
89,607
217.214
23.953
530,000
180,700
86,200
83.600
91,300
219,700
13.220
Char. Col.A A.DIv..
OR088 KARNINQ8 AND MILEAGE IN NOTEHBKB,
^om«
Northern Paolflo
Ohio A MIsatatippl...
Ohio Hirer
Ohio Southern
Peo. Deo. A Evanar.
Pitts, Marion A Chlo.
Western....
Presoott A Ariz. Cent.
Quin. OmahaAK. C.
1.474,618
5,499
51,987
300,327
180.207
189,311
80,818
79,174
Mliw. A Northern.. ..
Mineral Ranee
Miun. A St. Loula. ...I
Minn. 8t.P.A8.8teM.l
292,3;j9
Mo. Kans. A Tex. ays.
945,486
Mo. Pao. A Iron Mt..! 2,469,490
Mobile A Ohio
326,717
gain,
amount.
1
9
IMO.
1891.
DtertOM.
i»
45..443
Other lines
tOr. Trunk of Canada
tChlo. AOr.Trunk..
have some
others; but taking all the roads together the exhibit is
irregular,a8 in the case of the Southern group. Thirtyfive
Oil).
440,000
180,8««
700.967
517,569
383,334
688,753
i8ga
1891.
.
18»1.
Mtlmf.
Sam* of
Southern roads is rather irregular, there being
oinanorc APoru..
" 16 roads Oln.J»ok,*M»ok.
which record losses in earnings and 80 that record OIn. N.OrJ.*Tiix. P.
AIn OLSoDlharn...
gains.
The following is a six-year comparison for some N.Orl.&NortbaMt.
Aln.AVIrkiibnrv.-of the more prominent lines.
,^^'"l«''Nl»rev.4P»o..
StiMape«k«
1
THE CHRONICLE
1891.
Mobile shows diminished receipts, and the Mobile &
Ohio has a loss in earnings. Savannah also shows
dimiuishod rei-oipts.
Altogether, the exhibit for the
KmtmtuT,
1
1-30,100
—316
+3,770
+93,060
^
87.601
+ 7.931
-9.638
+3,381
+ 6861
1.497
38
73
339
347
131.784'
-3,408
74,090
143.692
+ 14,190
1.076.892
396.533;
04,017
+ 137,068
+ 11.867
+7.141
610
837
457,745
-37.882
867
.r30.»97
451,
ISft
1.497
13
930
847
401
1.981
Total (143 roada), .49,487,62145,226,208 t 4,261,416 96.963
• Only Uirae weafea o^ Norimber In eaofe J9»i.
I
For four waaka aadlnc NoremlMr 98.
049
SS7
8«7
94.9U
...
..
......
.
.
GROSS EARNINGS FROM JANUARY
Kamt
of Road.
&
Atch. Top.
1891.
Ban. Fe...
Roads j'ntly own'd, H.
& San iYan.
Roaa»rntly own'd, "s.
& Florida
Bait. & Obio Southwest.
BlriniTiKliam & Atlantic.
Buff. Roch. & Pitt8tiur>c.
Burl. Ced. Rap. <t Nor.
Canadian Paclflc
Cape Fear & Yad. Val..
Cliarleetou Cin. A Chic.
&
Char. Bunitor
North'n
Chesapeake &. Ohio
•Chesap.Ohio A- South w.
Chicago & East. Ill
Chic. Mllw. & St. Paul..
Chlo. Peoria & St. Louis
Chic. Rock Isl. &. Pac.o
Chic. St. P. & itan. City
Chic. <fe West Michigan.
Cln. Georg. & Ports
Oin. Jackson & Mack...
Cln. N.O. & Texas Pac.
Ala. Great Southern.
NO. & Northeastern..
Alabama Jk Vicksburg
Vlcksb. Shrev. &, Pac.
Clnn. Northwestern
Cinn. Ports. & Virginia.
Columbus <& Maysvllle
Oin. Wabash & Michigan
Cleye. Akron & Col...
Clev. Cin. Chic. A St. L
Peoria & Eastern
& Marietta
Colorado Midl.ind
Col. Hock. Vaa. * Toledo
CleTe.
Shawnee & Hock
.
Colusa &Lake
Current River
Deny. A Rio Grande
Des Moines A North'n..
Dos Moines ANorthwest
Det. Lan.sins A North'n.
Dul. Bo. Shore A Atl...
A Winnipeg
'East Tenn. Va. A Ga
Xlein Joliet A Eest
KTansT. A Indianapolis
EransT. A Terre Haute
Dnluth
.
Flint
APere Marquette.
Fort Worth
i
Rio Gr..
Kla
Indiana
A
Q.i. Hoiitheru
Gr. Rapids A
Oin. Rich. A Ft. Wayne.
.
.
Other lines
Trunk of Canada..
fChic. A Or. Trunk...
tDet. Gr. H.AMUw...
Great Nor. St. P. M.A M.
Eastern of
Gr.
M
Montana Central
Qnlf
A Chicago
Humeston A Bhenand'h
Illinois Central
A Qulncy
A Cireat Northern.
Inl. Decatur
Int.
Iowa Central
Iron Railway
Kanawha A
.Michigan.
City Clin. A Spr.
.
Kan.
Kansas C. Ft. 8. A Mem
Kan. aty Mem. A Bir
Keokuk A Western
i.ake Erie A Western,
liihlgh A Hudson River
Little Rock A Memphis
Ijong Island
li^alsv.
Evansv.
A St. L.
liiulsviUe A Nashville..
I/julBv. N. Alb. AChlo..
l/-)ul8v. K. Orl. A Texas.
liSuIsvllle St. L.
A
Texas
lynchburgA Durham..
•Memphis * Charleston.
Me xican
Central
Mexican National
Mexican Railway
Mllw. Lake 8h. A West.
Milwaukee A Northern
Mineral Range
Minneapolis A St. Louie
Minn. St. P. A 8. 8te. M.
Missouri K. * Tex. sys.
Mlsso. Pac. A Iron Mt..
Mobile AOhlo
t
Monterey AMex. Gulf..
K. Orleans A Southern..
K. Y. Cent.AUud.Rlv..
Home Water. A Ogd..
»ew York A Northern.
W.Y. Ontario A West'n.
Norfolk A Western
Korthcm
Paolflo
Ohio A Mississippi
Ohio River......:.
Ohio Southern
Peoria Dec. A Evansv.
Pltt«b. Marlon A Chic.
Pittsburg A Western
Preicott
A
. .
Arli. Cent..
Qalncy Omaha A K.
C.
Klchmond A Danville
Virginia Midland Div
Char.Col. AAug.DlT.
Col.
A
Green V. Div...
West. No Caro. Div.
Georgia Paciflo Div
A W.DlT.
Ashev. A Spar. Div..
Klo Grande Western..
Bag. Tuscola A Huron..
St. L. Alt. A T.H. Br'chs
.
Wash. Ohio
St. Loiilii
1
1890.
TO KOVEMBER
Increase.
30.
Name
Deereatt.
28,584.535 l,8.i3,632
69,143
l.KOfi,534
1,537,391
32.'?,902
6.003,904
6.327,806
67,659
1,505,053
1,573,312
116,280
103,937
144,848
2,130,823
2,275,671
71,991
46,951
548,484
2,018.982
2,567,466
493,506
2,997,877
3,491,383
18,305,202 15,483,82o 2,821,377
33.281
508,346
541,827
25,687
123,015
148,702
56,046
68,669
124,715
954,771
7,079,937
8,034,758
177,263
1,894.127
2,071,390
371,008
2,968,294
3,339,302
26,769,788 24,357,550 2,411,238
40J,075
651.790
1,053,865
82,936
15,700,935 15,617,99
292,147
4,277,009
3,984,862
140,050
1,616,166
1,476,116
1,329
61,994
63,323
89,109
618,731
657,840
4,06><,117
3,974,582
1,783,742
1,736,256
1,123,729
1,079,89:
612,950
606,254
27,195
553,962
581,157
1,53
19.811
18,284
16,935
208,323
225,248
3,603
8,787
11,390
121.899
552,3
674,220
86,137
778,522
804,659
176,495
12,303.134 12,126,639
185,731
1,547,999
1,362,268
11,230
315,525
304,395
145,704
1,722,661
1.868,365
3,00-,246
234,867
2,772,378
554.629
286,631
367,998
2,911
2B,90p
23,995
146,204
161,378
7,815,703
8,027,085
119,639
109,745
9,894
189,64.».
201,708
28,009
1,152.289
1,124,280
8,017,071
2,119,771
73,640
50,075
23,565
6,297,781
6,616,028
649,133
541,765
107,368
3U,77D
974,675
37,104
1,063,32070.575
93,763
2,643,966
3,674,133
295,894
168,378
127,516
681,450
660,406
21,044
2,206,706
2,422,287
412,123
432,698
210,946
205,367
4.421
17,835,505 18,383,612
3,3«0,437
3,436,790
1,091, 6«.=>
1,032,418
59.24 7
10.422,402
9,160,972 1,261,430
1,084,167
626,081
438,086
1,170,332
1,024,668
145,664
37,686
39,304
"3.305
155,904
152,599
16,858,679 15,223,351 1,633,338
430,165
411,560
18,605
8,651,683
3,629,492
22,191
1,616,432
1,533,074
83,358
31,369
33,858
298.299
307,208
283.884
399,516
4,349,955
4,410,902
1,086,554
1,099,031
372,47'i
137,926
34,546
3,950,988
2,787,573
163,415
376,103
334,115
41,900
643,571
533,532
110,039
8,849,527
3,698.493
156,034
1,426,217
1,189,209
237,008
18,441. 10» 17,509, 3S4
931,724
3,«'27.674
2,422,4»2
305.352
3,415,(86
3.689,684
725.712
423,925
361,068
60,962
152.059
100,787
61,372
1,421,886
1.629,876
6,703,338
6,788.686
014,052
3,838,187
3,397,081
441,156
3,666,062
3,738,475
8.279,088
3,580,185
1,601,102
1,440,015
161,0X7
134,102
114,092
20.010
1,664,096
1,876,570
287,526
2.291,875
1.851,260
440.615
8,586,084
8,105,738
480,356
33,346,336 33,08(1,712
265,514
3,164,365
3,095,397
68,968
796,892
371,330
425,562
154,152
138,373
15,779
36,560,461 33,174,685 3,896,776
3,653,6il
3,641,783
10,838
473.709
474,551
2,807,842
3,244,607
563,235
8.313,392
7,804,366
509,036
33,107,662 22,121,473
086,190
3,844,740
3,809,433
85,107
648,364
623,322
35,043
828,077
496,898
31,179
801,707
721,546
60,161
40,947
34,171
6,776
2,078,258
2,073,254
6,002
129,877
123,307
6,370,
238,499
230,540
7,930
5,502,000
5,251,500
260,500
2,079,215
2,090,780
884.348
871,745
'i2;603|
769.519
786,700
963,048
801,185
Viisei'
1,844,070
1,705,575
138,495f
150,440
137,827
13,113
150,302
187.483
13,819
2,375.709
1,738,993
836,717
100,689
e4,9(i4
^,725
1,293,101
1,207,209
65,892
8.995.581
3,673.000
S22.5S1
30.438.167
St.Louis
Col.
.
1
THE CHKONICLE.
866
Atlanta
.
.
H«nthwe«t«m
12,343
25,640
IVou
of Road,.
1891.
1890.
Increase.
LIII.
Decrease.
ttt
St. Paul A Duluth
San Fran. A No. Paclflc.
Savan. Amer. A Mont..
Sioux City A Northern
1,687,815
816.017
457,368
392,301
1,533,386
191.003
6,477,598
40.914
310,438
1,355,743
884,852
1,731,329
12.606,065
3,855,399
1,177,399
4,679,110
South Carolina
Teuneasen Midland
Texas A Pacitlc
•Tex. Sabine Val. A N. W
Toledo Columb. A Cin..
Toledo A Ohio Central.
Toledo Peoria A West'n.
Tol. St. L. A Kan. City..
Wabash
Western N. Y. A Peun..
Wheeling A Lake Erie
Wisconsin Central
.
1,378.794
741.676
353,642
283,647
1,406,202
192,922
6,559,942
46,130
309,021
74,341
103.729
108,654
127,184
285,834
24.6l4
1,308,208
858,151
1,459,9>0
11,939,364
3,310,737
1.067,166
4,829,652
26,701
271,349
666.701
44,662
110,233
1,914
82,344
5,216
'12,465
150,142
Total (141 roads).... 486,913,273 457,748,071 32,017,116 2,851,014
Netinorease
29,165,2021
1
Only tbrae weeks of November In each year,
To November 28.
a For January. February and March figures are actual tor both years,
•
t
but for rest of period estimated.
91,535
47,486
43,834
6,696
IMPORTS AND EXPORTS FOR OCTOBER.
The Bureau of Statistics has issued its detailed statement of
commerce of the country for the month of October,
1881 and 1890, and for the four and ten months ending Octo-.
ber 81, 1891 and 1890, as foUows
.
the foreign
:
IMPOSTS AND EIPOBTS BT PEISCIPAL CUSTOMS DI8TBICT9.
fftrSTOMB DI8-
TBICT8 AND
rOBTS.
October,
1891,
IMPORTS.
Ex POSTS.
10 month* f.nding
10 month* (lutlnn
Oct. 31.
Import*.
Export*.
1891.
t
%
8»ltliiiore,M<l.
CliarHwst.
l,0;«t!,34e
7,334,110
Ic^r'wn.Mass
4,8:9,S78
7.018.390
1.387.340
Oct. 31.
1890.
1
1891.
1860,
*
s
t
18,000,952
12.438.323
63,824,711
59,9*«,S47
56.788.856
68.403 169
2.2il
4,1110,131
5.064,050
8,12^,239
854,107
3.2*8,272
834.62.1
13.45s.:i66
13.0-S8.182
57,834,482
4,^88.983
018,522
1,440,778
9,840,284
1,913,787
h
Bruuflwi.;b.(»a
SaffaloCk.N.Y
30,167
Jhampl'n.N.Y
548,107
76,353
111....
1.3.5li.:ll9
'^iQotnQatl. 0..
14(1,8211
[^orposChrlftl
1S9.11^
211,855
lietroit,
Biiluth,
Mich.
Minn.
ialvest'n.Tei
«ilw'kee,Wl».
Mlnn's'a.Minn
Mobile, Ala...
yewp'r,
NowB.
New
irork.N.y
Ningara, N.Y..
!<orni,V».,tc.
Jregon.Oreg..
^swega'ie.N.V
Isweco. N.V..
3.480
8,900
115,633
60,947
12,467
Z:!,202
83,1103
108,971
ea.683
tlurOD, .Mich.
New Orrns.La
1,618
44fl,3H4
l(iS,885
Charlest'n, 8.C
Chicago.
2i5.58i
20,575
B19,24U
I'niladera. Pa.
Portld.ic.Mo.
Rlchm'nd. Va.
Bad Fran.,CAl.
Vermont, Vt..
Willamette.Or
Wllml'gn,N.C.
ToUlK.
cludin?
60,628,816
3.944
3.169,005
3,115.322
911,218
11.850,0J9
14).7.38
l;51.278
2,So4.'9J
312,427
l,82-..74e
498,20^
889,007
iOi.abU
7.707.103
0"9,»30
2.232,898
2,414.834
110,2i8
692,431
2,010,714
812,054
887,377
64.479
18,582,808
48,218
91,401
30,805
294 .HI 2
S.643
1.683,417 11.311.238
1,015,310
42,2St<.24a 37,140.897 434,2i4.33-!
18.973
2.593.574
313.6V2
18.539
1,07 J 1,302,782
102,530
137,9iS
1,382
1.600.3IS
133,121
217.99J
146.000
1,817,6 ;5
499,370
102,588
l.5",992
in
5,314.837 4,205.858 54,281,2415«,3o2
657,018
1S.517
21,3^3
4.Sl-i
838,460
S,6i5,740
171i,531
4.02i,31h 4,40nV6si 44,889.077
887,K84
44.088 4,411.1,403
4.157,871
473,0Da
308.313
563.8;i
1.208,123
173.8115.
180,180
80.101 1,300.140
3,922,431
1.990.845
2,178,528
S.575,.'i23
2,827,759
2.5o9,0i2
5.398.175
4,82'V565
41,948
2.072,8-6
1,8^0.362
382,789 21.573.881 15,8.S8,05»
2,229,182
8,32i,61»
8,239.338
725,181
10.481
1,120,-37
433,684
1,537.799
1.867,301
81,808
8,005,248
13,156.927 8I.4f>9,ei7 72.278,025
78,240 10,980,004
6.637.690
457,943.768 307,008,871 287,012,770
3.410,832
81,647
48,504
9,110,6:4 10,488,106
58,132
995,098
133,122
380,539
1,679.851
1,855,861
1.501,889
1.424.028
1,506,716
3,301,844
40,070
2,5i'<.437
3,70,5,720
47,R8ii,9n 34,814,5-5 31,S2',020
2.i'yj,iyi
1,990,440
657.483
63,342
4,754,517
4,372,031
2,818.3 ;8
35,841,112 38,587,83 < 28,827,693
2i9,09t 17,418,7.-^1 19.329,357
2,190.135
5,351,638
2.759,451
2,528,569
8t5,2J8
4,815,23
108,82C
5,473.400
4,437,428
(Inal
oth'r olsts.) 86,795,239 102933W8 693,941,341 69'1,377,S17 740,528,266 670,0«3.14»
$35,098,483
26,405 249
Remaining In -varebouse October 31, 1890
EenuHnlng In warehouse Oetober 31, 1891
MBKCHAKDISS.
307,090
For the 10
For the i
for the
month of months ended months ended
72,418
310,097
October.
IBOl.—Ezportft— Domestic.
Foreign
. . .
October 81.
4,222,696
1,054,664
10,972,.520
$102933296 f321,141.815 $740,526,266
Total
66,795,239
Imports
EzeesB of exports OTerimporta $36,138,057
BzeeM of Imports over esportsl
1890 —Kxports—Domestic
Foreign
843
October 31.
$101 878632 $316,919,119 $729,553,737
261,295,319 6 93.941,341
$59,846,496 $46,584,925
..'$97,061,454 $274,166,061 $660,529,090
9.532.1.50
1,267,192
3,489,899
$98,328,646 $277,655,960 |670,0«2,14»
72,550,279 287,249,765 698,377,317
RxMst of exports over Imports $25,778,367
$9,503,805 $38,S15,16«
Kzeois of Import! over exports
Total
Import*
|
OOt,D
AKD SILVER—COnf AMD
1801.— Export*—Gold— Dom.
11,566
'i7.i¥i
BtTLLIOIt.
$6,604,756 $76,012,614
2,437.B1T
1,384,971
$7,989,727 $78,450,131
$9,921,040
$3,947,505
10,320,8«>
1,!V77^60
6,621,783
$3,224,408 $10,569,288 T20,24i;894
$4,034,003 $18,559,015 $08,692,025
Import*—Gold
$16,897,947 $26,773,278 $30,079,542
13,913,577
7,570,342
BllTer
2,4 23.027
Total
$10,320,074 $34,343,620 "$43,993,110
$54,698,900
Bxeesi of exports orer Imports
zessi of Imports over exports $15,286,881 $15,784,605
Foreign
Total
BllTor— Domestic
roielgn
Total
Total exports
$254,925
554,670
$309,595
$1,646,929
J
Dkckmber
.
)
.
THE CHRONK'LR
la, 181(1,
niporta— Onld— Dom
9110.022
.
Foreign
Total
SllTor— Doniestlo
Foreign
Total
Total exports
9in.4no.oift
32U,UUn
3.367.553
922,863,568
913,500.484
>1
9210,135
___360jlUa
9371,077
900(!,3ia
Imports— Ciold
$2,021,638
Bllvor
Total
eis of exports over Imports
» of Ini ports oyer «i ports
l|>It,S72.74H
_2.q42,78a
9S,26M20
'
•4,268.108
1,702.741
95,53 1,4B0
2,406,418
$7,007,887
922,700,631
90.0Un.R80
8,200.140
*8.O4O,''O0
921,01U,',!il4
$-14,482,802
912,270,670
18,942,020
915,167.03.'^| 931,218,200
97,533.596 »13,26»,586
TOTAL MBKCUANUIRR AND COIN AND BULLION.
1891.— Exports— Domestic .TT
T"l7r380 $815.-:87,400
'
Foreign
!
-•;;JJ'.(!450
U3.73O.801
Total
,*iiii,!if,,.iHi» ¥;(:i!),70O,83O
$830,218,201
Imports
80,110,2131 29i,038,030 737.031.400
aeesa of exports over Imports $20,851, 176 S44>001,891 $101,283,831
xoess of Impor; a over exports
I890.—Export8— Domestic.
',
Foreign
$97.690.61 1 $291,070,278 $093,505,502
_],«3 1.317
C,280,:u:i|
20,019,5C9
Total
^iilO'.S'il.O-.S i36o,3.'>6,501
1714.515.011
Imports
77,814,699; 302.416,800 729,590.618
Bxoesa of CTc ports over Imports 92 1 ,510,250.
•icessof iiniiortsovercxportsl
92.bnb.209 $15,015,002
.
I
ouctavijEgPommerctal gucjltsh ^evos
[From our own corresponflent.
London, Saturday, November 28, 1891.
Early in tho week there was a considerable rise in the value
of money here. The discount rate in the open market at
one
time rose to 3>^ per cent, but on Thursday it declined to
3}^
per cent and late yesterday to Sf^ per cent. And at the fortnightly settlement which began on Wednesday morning the
banks charged Stock Exchange borrowers from 4 to
4J^ per
cent.
Moreover, bill brokers and discount houses had to
»pply in considerable numbers for advances from the Bank of
England. But late yesterday the supply of money so in"
867
and theroare fMn that at th* MlMMnt whtoh will
h«(r<n ia
Paris ofi Tuoodty some of th« operatora will
hara to drfaalt,
Thore has likewise been a very rapid recovery in
all other
Russian lecrirlties, and indeed in lnt«r-bour«e spcuf Itiw
unm*
ally— Spanish, Portuguese. Italian, Hungarian and
teaking
and canal shares. The upward moreraent has been strengthened by the overthrow of tho dictalorKhip in Brazil.
At flr»l
the i}^ per cent Brazilian loan, which at one lime fill
to40V^,
was bought so eagerly that it was run up to
64'i, a rise of 80
per cent. The most recent news, however, Is less
favorable
and there has been some decline. On the other hand Argen*
tine securities have given way as the premium
on gold ia
again rising.
In spite of the rapid recovery of the past eight or ten daya
there is no real improvement in the situation upon the Con-
The Russian Government is in greater strain iban
will receive from the bite loan six millions sterling
than it had expected, and tho failure of the loan
tinent.
ever, as
less
it
has encouraged all who are hostile to Russia to make
further attempts upon its credit. Moreover, the news from
Russia grows more and more serious everyday. As'aKMilt
of M. de Gier's visit to Paris and Beilin it is said that the great
Jewish bouses on the Continent are less hostile to Rus-ia than
they were and that better relations with Germany have been
established. Nevertheless every one looks for a steady fall In
Russian securities. In Spain it is now hoped that a temporary
improvement will be effected. The Government has decided
to raise an internal loan of the nominal amount of 10 millions
sterling, for the purpose of re-paying part of its debt to the
Bank, and preparatory to that it has appointed as President of
the Bank Seiior Comacho, who was a few years ago Finance
Minister in the Liberal Administration, and who for many
years has been the agent in Madrid of the Messrs. Rothschild,
creased that the short loan rate is now only
2}^ per cent. The If any one can come to satisfactory terms with that great
causes of this sudden advance in rates are numerous. In the house it is of course their own agent in Spain, and that, it need
first place the Bank of England has been borrowing
for the not be added, is the reason he has been placed at the bead of
purpose of lessening the supply in the open market ; in the the Bank. In Italy, too, improvement is hoped for, as the
aecond place the joint-stock banks are preparing to issue thei' Government has announced that it will make sweeping reusual monthly returns, and therefore are lending less freely. trenchments and will imdertake to set in order the banks of
On Wednesday next the Chancellor of the Exchequer is to issue and the finances of the local authorities. In Germany
speak upon cash reserves, and the joint-stock banks are another banking failure has been announced this week, and
desirous of making their returns for December as favorable as the chief partner has been arrested on a charge of fraud, while
possible so as to avoid unfavorable criticism. And lastly there German trade must suffer very greatly from the cutting off of
are fears that the Russian Government will have to withdraw Russian exports and the cesation of Russia's demands for Gergold from the Bank of England. The syndicate of bankers man manufactures. Naturally all this makes operators here
that brought out the late loan represented to the Finance very uuwUling to increase their risks, and business conseMinister that if held to the letter of their contract some of quently is exceedingly light. The position here, however, is
them would be unable to fulfil their engagements, and last safe and is improving every day. Even in the American
week he accordingly agreed to take back from them 8 millions market there is scarcely anything doing. The public looks as
sterling nominal of the loan. Thereby the proceeds of the loan favorably as ever upon American securities, and confidently
are reduced about 6 millions sterling; and it is feared that the expects a great rise in the spring. But for the moment it ia
Russian Government will put off as long as possible sending afraid to buy, as it cannot foresee what will happen upon the
gold from St. Petersburg and will draw upon London to pay Continent. No great improvement therefore can be looked
for the food and other things required.
But the best informed for for the remainder of the year.
do not believe that it will. The Bank of England has acThe Russian ukase prohibiting the export of wheat has not
cordingly stopped borrowing.
made as much impression upon the wheat market as might
The silver market is very quiet. Elarly in the week there have been expected, partly because it has been looked for for
was some advance in price, owing to the demand for Spain so long a time and partly because the Continent is not buying
and to a rumor that the Russian Government is about to pur. largely for the moment. The beat estimates that can be
chase a very large quantity of the metal for the purpose of
resuming specie payments in silver. The rumor seems exceedingly improbable. Russia finds it difficult to procure
the funds necessary for supplying herself with food and seed
formed here are to the
this
year
is less
than
world
consumption by nearly 60 millions of
effect that the production of the
its
to pay the interest on her debt, and therefore it seems exceedingly unlikely that she will borrow for the sake of re-
and as for three years in succession the harvest*,
;
taking the whole world together, have been deficient, it ia
concluded that the old stocks are exceptionally sm-jll. Therefore there is a general expectation that prices must rise con-
suming specie payments
siderably in the
now
Trade generally throughout the United Kingdom is very
quiet but although it seems clear that there must be a falling
off in the demand for our manufactures, owing to the difltetilIn some dities of the Continent, the tone is fairly hopef uL
rections, indeed, improvement is looked for, mora especially
in the iron and steel trades. That is larg>ely due, no doubt, to
the continual activity of the principal ship-buildiag yards.
and
at a time like the present. This is
generally recognized, and the price of silver has declined
to 48 9-16d. per ounce.
The consent of the Russian Finance Minister practically to
cancel two-fifths of the new loan has dispelled the fears that
were so very general that we were about to witness a banking crisis in Paris, and consequently for the moment there
has been a return of confidence and an attempt to comer the
" bears." By cancelling so large a proportion of the new
bushels
new
year.
;
Messrs. Pixley
& Abell write as follows
:
After a rather keen domand for bar void. tb« pr ee Is InrlHsd
and in consequence of the fact that many investors have toGold—
Klve way •llshtlr; there are still, however, plruty of llaqoMa*. Tk*
paid up in full, the supply of stock in the market is exceed- Ilank has reoavea A398.000 datlDK the week, rlilcav froa Rla aad
Lisbon. Arrtvals: Braxll. £370,000; West tudl.'s. <4'i.0OO; M
ingly small, and " bears" in the new loan are now practically £12.000; QuecDsland. £9,000; Chill, <7.(M>0: (Vutral Ani«rlea.i
toUl, «570,U0U. abipuienU; T»
000:
China, «52,0U0;
at the mercy of the syndicate.
It is said, for example, that
46.000.
one operator who had sold short a million sterling of it has
there betnxdeoldod we%k811 vor- The prire fell «n the 23d to 43 'ind
been offered a settlement on payment of £60,000. The price, ncKS In the Indian and New York rates, but a demand loos art«ln( for
the Continent a reoorery tu 43'Vd. ensued. Thera Is lluladolac (o>
«8 a matter of course, has been run up just to the issue price, day, and the market U quiet at 439«d. Arrivals: Mew York. « 15^000;
loan,
'
.
»
.:
:
THE CHRONICLE.
868
AoBtralla, £6.000;
ClilU.
£27,000;
Shipmente: To
£48,000.
total,
Bombav, £78,714; Calcuta, £46,200; Hiogo, £J0,OOO.
Mexican Dollars—The doltar market has been quite nominal as
re-
gardB the colred metal, but la few parcels have changed hands at their
melting rarity, Arrivals: From New Yoru, £185,000. Shipments:
loFeuang, £U5,800; Hong Kong, £29,023.
The following return allows the position of the Bank of
England, the Bank rate of discount, the price of consols. &c.
oompared with the last three years
the week ended Dec. 8 amounted to $10,70), H77, against
i8,014,987 last week and $9,339,3tl two weeks previous.
The
following are the imports at New York for the tveek ending
(for dry goods) Dec. 3 and for the week ending (for genersQ
merchandise) Dec. 4 also totals since the beginning of the
ftrst week in January;
OrsnlsUon
PublledeposlU
Otber deposits
SoTerament
Prop, assets to Uabilitles.per ct.
perct.
Consols 2M per enet
Bankrate
•learinK-House-retnnu
Nov.
Nov.
to.
1888.
Nov. 28.
87.
k
£
it
24,!I95,590
24.630.510
23,823,120
23,619.015
4,905.475
3,838,235
6,011,703
1.107.188
28,580.9()l
3l,990.0i8
22.769.095
28,115,116
9,146.012
10.395,150
11.917.101
16,487,782
26.663,876
29,919.974
19,119.369
17,907,835
15.255,875
16.502.566
12,564,479
U.030,«88
23,801,166
45 5-16
21.683.076
12 6-16
20.193,899
18.479.702
secarltles
Other secaritles
Beierre
Oolsand bullion
1889.
1890.
6
1
951-18
115.2U.000
9616-16
111.216.000
The following shows the imports
United Kingdom during the
first
13«
IIX
5
971-18
6
9««
115,817,000
109,813,000
of cereal produce into tht
twelve weeks of the seasoD
1888.
Dry Goods
aen'l mer'dlse.
Total
Binee Jan.
Barley.
Oats
Peas
Beans
Indian corn
Floor
1891.
18,8H8.599
6,905,444
3,399.406
722.677
942.687
4,289,303
3,666,257
1890.
16.064.673
7.043.652
2,898.615
3-24.222
1889.
14.492,941
5,400.134
3,599.584
337,708
842.680
967,992
7,480,727
3,369,332
7,617,160
3,813,681
1888.
16.488.608
4.837.574
4,510,945
469,018
7U,9.o6
6.023.497
4,241,683
Supplies available for consumption (exclusive of stocks on
September
$2,060,530
8.634,155
$8,553,659
$7,939,286
$9,330,926
$10,694,685
1.
$119,384,914 $125,789,972 $140.6.59,314 $109,369,950
3en'l mer'dlse. 317,029,963 342,931.973 371.04l.7a0| 381,466,516
rotal
49 weeks. $436,414,877 $468,721,945 $511,701.04l!$190,836,46«
In our report of the dry goods trade will be found the
mports of dry goods for one week later.
The following is a statement of the exports (exclusive of
ipecie)
New York
from the port of
the week..
Prev. reported.
Total
1838.
1889.
$6,566,373
274,971,6^4
$6,677,107
317,022,674
cable shows the e.tporcs aud imports of specie
the port of New York for the week ending December 5 and
rince Jan. 1, 1891, and for the corresponding periods in 1890
and 1889
BXPOBT8 AHD lUPOB-ra OF SFBOIB AT SEW YOKK
Clreat Britain
30,882,830
1889.
29,061,827
Qerinany
3l3.
ttaite
Thitweek.
Loftieeek.
2,324,500
291,000
181.500
Week.
Si7ice
1889.
1.456,500
293,000
348,000
231,000
323,500
South America
Total 1891
Total 1890
Total 1889
The
daily closing quotations for securities, &c., at London
•re reported by cabJa as follows for the week ending Dec.
U
London.
'16,906
69,432
14,213
1,824,542
33,655
$87,332 $75,916,863
76,979 19,251,352
37,600 48,502,812
$527,209 $29,081,351
8,419,220
66,184
211,944
6.034,296
Silver, per oz
d
Dn80ls,new,2% percts.
do for account
Irch rentes
Mon.
Tue$.
Wtd.
Thurs.
Fri
43%
43%
43i>8
43«8
4378
9416,,
95 14
43%
Exports
95-50
(in Paris)fr
955
955, „
955,„
95%
957.
95 13
951s
95 »a
95-80 95-92'a 95'87i2 95-821S 95-9212
121
121
121
'121
121
U.S. 48 of 1907
121
Canadian Pacific
91
Ohio. Mil. &8t. Paul..-. 79
niinolR Central
106
Lake Shore
129'«
Louisville* Nashville.. Si's
Mexican Central 48
75
N. Y. Centr.al & Hudson. iinu
N. Y. Lake Hrfe AWesfu 30^
do
2d cons
107^
BTorfolkA Western.pref. 5'i38
Northern P.iciflc pref... 7214
Pennsylvania
bC,^
Philadelphia & Reading. 19««
DnlonPacitlc
4214
Wahash pref
28ie
91
80
108
Germany
130
91%
79''8
8059
107%
108 '4
93
81
108 "4
130 •«
l:^0l^
13(i'4
82%
823g
75
75
8338
7514
121
Si's
83%
I2014
31
14
IO719
525s
7258
56>«
1979
1201«
31
10714
.5258
7058
36I9
43
19%
42%
28^8
28%
92>s
81
1091s
131
84
75
75
120%
107%
534
1-20%
3238
108=4
5319
71'll
71%
565s
197a
42M1
5 '.1.2
28%
32%
108 "4
53 Mj
71%
20
.56%
in>«
42 6g
28=8
42%
28%
Jjleius
National Basks.— The following national banks have
recently been organized :
4,654—The Mauufacturors' National Bank of Harilman, Tenn, Cani
tal. .-8150,090. .Tames D. Wolsteuholme, President;
James E.
Mounyoy, Cashier.
4,665—The aerman-Amorloan National Rank of Little Falls Minn
Capital, .-(iino.iioo. Harold Thorson, President; James D.
Anderson, Caahl t.
4,666—The Perrin Nstional Bank of La Pavetce, Ind. Capita! $100 J»™es .r. Perriu. President
H. Perrin, Ca.sUier.
« a.™ -S^:
6,657—
-ihe Wooster National Bjiuk. Woost-r, Ohio. Capital,
*i00 000
MartinWelker, President; P. V. Hard, C!) shier.
<«««
»,868— The First National Bank of Phllipsburg. Mont. Capital, S50,-
Wm
Ernest
C. Fieyschlair. Cashier.
4 fiio TY.Ti^Jj'^AV'"' F'"^»''\''"'i
4,669-The
Citizens'f National
Bank of San Anjrelo. Texas. Capital,
£•?."" ^?™y- President; A. B. Sherwood, Cashier.
A. fi«n_T^
4,660-The
Whliraan National Bank, Whitman, Mass. .cinital, $50,
r-„Presldent; H. H.Melville, C'shier.
.lAAi
T^CT
TS~;.
4,6«l— The
First
National Bn nk of Uotlance, Ohio.
apital. $ 1 50 000.
S?""''"-
J
.
<rf.o --,,
„^^''''
l,9?2)??'xWVm^
The Second
"^
el^naw.**
President
Klbert E. Carter. Cashier
25.^%^*^''*'°''*' ^^"^ of Wooater.Ohlo (No.
.Sational"
•
Bank
^'*"'-
;
S
of East Saginaw (No. 1,918). 8a"iaaw
«'""«e1 *» *e Seoind Nationkl
o^
IMPORTS AND Exports for the Week. -The imports of last
week, compared with those of the preceding week,
show an
mcrease in both dry goods and general mVrchandise.
The
total imports were $10,694,685, against
$9,130,230 the precedingweek and 110,458,449 two weeks previous. The
exports for
Jan.
1.
1,351,020
4.4 16
288,405
Week.
Since J»n.l,
$2,317
117
20,780
507,317
970,298
'$'l',622
43,000
768,517
140,710
"i'.i'o'o
2,100
543,688
$531,787 $19,403,203
133,757 16.361,151
296,683 19,145,912
$5,222
122,303
47,336
$2,576,108
6,497,234
1,509,209
'"2,337
Total 1891
Total 1890
Total 1889
531,7-26
Of the above imports for the week in 1891 $170,470 were
American gold coin and $150 American silver ciin. Of the
exports during the same time $-0,6^2 were American gold
coin.
Changes
in
— The
Legal Tenders and National Bask Notep to
Comptroller of the Currency has furnished
the following, showin,^ the amounts ot national bank
notes Nov 1, together with the amounts oiitatandiiia Deo.
also
the increase or decrease during the month
1, and
legal tenders held for the redemption of bank
the changes
notes up to Dec. I:
Deo.
1.
ua
:
m
^^
C!ommerclal and iHlscellaueaus
;
15,000
............
All other oouutriea..
,
91'4
Importi.
Si7iee
$514,450 $16,807,140
areat Britain
Prance
957..
953.
$3i4',8'7'9
Silver.
South America
Sat.
Since Jan.l.
$11,022,862
10,527,701
4,083,401
178,454
2,296,703
65,000
24.446
566,806
9,430
518,878
Week.
BOKllsh Ftnanelal markets— Per Cable.
Week.
1.
17,0Sl,,5d7
3,321,7.57
other countries..
Ill
Jan.
$1,400 $37,143,956
16,547,183
............
9<1.
1890.
2,143,000
Import!,
aoid.
1888
Od.
349.506,947
The following
30,675,298 29,641,861
1891.
1890.
Aver, price wheat week.38s. 9d.
325. 9d.
qrs. 2,643,000
to qrs.
333,000
qrs.
196,000
32;,680,769
Exporta.
Average price, season.. 368. 9d.
328. Id.
298. lid.
338. Si.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
1891.
*t
1888.
16.488.60?
4.241.685
8.331,534
Wheat
nooT, equal
1890.
$7,426. 80>: $l0.705i877
49 weeks. $28 1. .537.997 $323.699.781 $332.107.574l$380.212li24
1889.
14,492,941
3.813,681
12,576,214
30s.
to foreign porta for the
veek ending Dec. 8 and from January 1 to date :
BXPOBTS FBOH NEW TOBC FOR THE WBKK.
1890.
16.064,673
3,369,332
10,207,856
Total..
1891.
$1,976,556
7,354,370
1):
1891.
Importsofwheat.c-wt.18,868,599
Imports of flour
3,666,257
Bales of home-grown. 8,140,442
1890.
$1,880,557
6,108.729
Ory Qoods
B-or
cwt
rOKS.
1889,
41,676,621
6,877,031
compared with previous seasons:
-^
Wheat
KBW
rOHEION lUFOBTS AT
For Week.
:
1891.
Nov. 26.
[Vol. LIII.
tiiwiial Jiuitte iVoMuf—
Amount oucslaudluK Nov. 1, 1H91.
Imount issued during Nov
Amount retired during Nov
Amount outstanding Deo.
1.
$172,067,721
$l,9fl5,780
1,155,851
1891*
Legal Tender tfotei—
viuoant on deposit to redeem national bank
notes Nov. 1, 1891
Amount deposited during Nov
Amount reissued & b'nk notes retir'd In Nov.
4mounc on deposit
notes Dec.
1.
* Oirimtii.(.iuu
to
309,929
$172,877,650
$35,313,884
«11<I,275
1,155,852
*34,272.307
ISO 1..
.11
1,041,577
redeem national bank
uauiouai Kotu
otiui^'i.
aoi iuuLuilua au<ivo, ^iio.957.
According to the above the amount of legal tenders on
leposu Dec. 1 with the Treasurer of the United St;aCe3 to
red<;em national bank notes wds ^34,272,307, The portion of
Shis deposit made (1) by banks becoming insolvent, (2) by
t).ink9 going into voluntary liquidation, aiiJ (3) by banks reducing or retiring their circulation, was as follows on the first
of eacli of ino last five nionths
:
Oepotila
1>y-
;n90lv't bks..
Augutt
L.
$
765,870
Sept.
1.
745,860
Oit. 1.
730,420
.Vuo.
I.
719.817
Dee.
1.
730,128
Ucplid'K bks.. 5,3.)5,?.5l 5,274,724 5.334,161 5.279,960 5,-232,571
ted'o'g undr.
dot of '74..* 3 2,593,061 31.403.128 30,659.358 29,314,101 M,309,61O
Total. ^.^^-^
'
38,714,483 37,4-23,7 12136.723.942 35,3 1». 3 -It 3Ti272,3l)7
Act of June 20, 1874, and July 12. 1882.
.
.
.
DXCEMBEB
I a,
THE CHRONIOLK
lb91.|
Tbe moyemcnt of breadacuifa
to
market
Is
k
BM*ttt< ot-
BlMll.S8(l>-
1,197.144
1,669,844
1,440,867
70,700
437.800
83380
118/100
TKI
134.100
106.687
88.761
481.893
84,S0O
11.8.1S
auioali...
P«orla
S8,Ma
8.890
W
840.315
868.798
868,390
188.700
Bu
Biuk.4Hi
6«
8,300.186
8,494.039
89.840
840.815
68.788
819,670
490.8J(
aSO.OU'
31.800
4,41.0
1.000.6T7
1.001.467
831.018
114,148
183,896
3.878.666
1.818,078
8,814,744
1.797,189
8,880,187
4,881.M9 127,375.447
37,518,788
45,415.076
40.16^.874
35.470.75^
am* wk.'M
Saa* wk.'se
4.385 114
1889....
«76».4K7
55.73».«55
71.77«.«»5
1,348.744
S7.8«7,5:i7
60.038.B73
483
88,8M
187.187
18.871.37M 11,179.833
18,083.518 8,016.714
1.1.18t.>>44
8.Clia.»47
The reoelptR of flour and grain at the seaboard ports for the
week ended Dec. 6, 1891. follow:
Flour,
Wheat,
Oom,
Oatt,
Barlty,
Kye.
bblt.
huih.
buth.
„ At—
bulk.
buiK.
New York
168,277 2,573,150 652. '-12 769 775 223.850 213 875
Boston
74.873
Uontreal
9.V69
PhUadelpbla.. 97,935
Baltimore.. . 136.984
BlohnioDd ....
4.423
New Orleans.. 7,969
90,014
34,940
111,695
536.547
18,020
334.858
323.695
l = 93v!l
2 7.449
68,647
208,397
7,382
53,652
n4Mi.
22,336
10,550
272.5.'.5
12,t41
3.200
52,U33
13.000
22,260
30.774
5uO
4,2UO
Total week. 499,732 3,699,224 1,314,285 1,300,131256,736 288!449
week •90.347,072 595.512 507,062 711,070 95,950 17,H4
Tmtm.
•
Uouble eagle*
78.480
8.330
14,280
1,069,600
83,3O0
71,400
1,080,914
301,910
'lii-a
i'jg'ig
"7,446
isiobo
liiooa
UTiSi
109,030
1,743,800
1,413,796
• 1,413,706
1,333,006
1,340,000
s68',6b6
aclee
Balr eaale*
niree dollars
ue.ms
••
Total gold
Standard dollars....
aalfdoUara
Oaarter doUara
Dimes
Total allver
nve
1,845,756
cents
503,000
Total minor
rntalonlnatm
— Messrs.
70S,890
e,3i6',6b6
'es'.ioo
4o,33i',8o6
463',3ti
6.862,000
90,700
04,34^9,600
1,109,2<«
10.856.376
Coflfln
01332,38a 3«,n3a,014
37,800 14,117,800
rhreeoenta
Oneoent
1,440,643 34,333,49e
33,908,119 33,908,11*
197,3^"
98.635
0,300.400 1,330, Hi
124 000 04 AiM HMM 3,391,6*7
1
isei
18B0
Jlsrsn JCaaM* 1891.
ra^Ms.
87.700
97.748
18.868
88,S0O
8,818.5*7
CTOMnear.
'
nO.BS7
488,179
888,000
9,300
74,681
89,814
1»,BS4
tb» coinage at the Mint* of the United States darlnff th* noatli
Norember and the eleven months of 1891,
of
PiMtf.
8.597.680
4.317
<nent, kindly
Av..
I.S60.0S1
....
Olareland...
miutAuii.
Barltt
141.M0
Dolath
MlnnMpollj.
Tol»ao
OWrolt.. .
Tot.wk.
Oote
BuBhMlb, Blull.Ml^
BN«.limu.
OUowo
UlnnkM.
0am.
Wluat.
Flour.
OoiNAaB IT Unitio St ATM Mum.— Th* foUowtag («*•
fumishwi us bf the Director of tb* Wat, ihowi
Indicated in ibr
•catement below, prepared by uh from the fl^ree of the N<
Ifork Produco Exchange.
We first give the receipta at
Western lake and river ports, arranged so as to present tbt
comparative movement for the week ending Deo. 9, 1891
and since Auxast t. for each of the last three yearn:
869
3,670.256 107.117.627 01,900,317
& Stanton offer in our columns to-day all or
any part of $100,000 of the guaranteed 6 per cent stock of th*
Sharon Railroad Ccmpuny of Pennsylvania. This stock has
paid divideuds for many years, and investora are invited to
inquire into
merits.
its
—Mr. Henry
S. Redmond invites attention to his list of
securities offered in his card in the CHaoNlCLl.
vestment
in-
Oor.
Below are the rail shipments of flour and grain from
Western lake and river oorts for four years:
noni
bbls.
.
Wheat
Corn
OaU
1891.
1890.
Week
1889.
Week
Wee*
Dec 5.
361,673
Dec. 6.
440,099
110.452
362,960
91,961
5.200.721
3,042.090
Total
|
The following were recently sold by Adrian H. MuUer A Son
658,734
590.080
Sharet.
3,981,184
4,009,301
The exports from the several seaboard ports for tbe w5, 1 91, are shown in the annexed statemen:
Wheal,
ewTork
Btwh.
1,453.502
Boston...
Portland.
Montreal.
Phlladel
Baltlm're
H. Orrns.
77,854
23,543
Oom.
#Iour.
B\uh.
97,911
98,534
116,620
29,694
fotweek. 2,409,481
8'me time
1890...
400,729
OaU
nuMh.
304,633
fiy..
nuMh
251,710
8,163
357
270;484
243,363
2B«,500
74.035
H.News..
Blehm'd.
Bble.
02'.V50
9,028
29,321
74,597
165
539
......
33,873
268,188
285,00l|
330.149
194.417
«t
Peat.
Biith
47.713
16,734
20,535
In ttore at—
brith.
New iork
Do aUoat
Albany....
7,434,045
664,000
......
Buffalo
3,280,432
7,542,333
286,877
Ohloa^o
Hllwankee
Dnluth
Do
.
afloat....
Detroit
OsweKO
8t.
304,651
321,344
84,932
4,696
17.138
74.579
2.766,475
afloat....
Glnoinnati
Boston..
Toronto
Uontreal
Philadelphia
Peoria
IndlauapoUs
Kansas City
Baltimore
Mluneapoli!>
On Lakes
On
canal .lb river.
Tot.
Tot.
Tot.
Tot.
Tot.
Oorii
Oau,
b-itxh.
fittMh..
Jtyt,
ttixh.
230,213 1,289,001 l,09-'.644
7,900
19.0O0
3,400
4,200
99,05" 1.57,/.56 116.618
444,968 660.033 433.463
7,402
93.656
2 ,000
139,325
53.624
281,599
429,273
8.916
48,866
961,698
2,088.497
7, •K9
8. '88.
ey
i6V,i28
81.498
100.000
lO.-OO
691.878
131.9J6
24 4,7fi5
83.426
46,694
1,704
4,331
93,541
230.000
123,756
17.000
22,476
162.006
24,167
r
6.923. .121
2,891, '09
184,000
3J.310.864
36,569, '151
78.887
101.165
166,651
5,065
P5,67l
13-',493
31.634
1.950
86.966
559.616
184.871
188.481
178,9e3
130,642
1,855
1,724
661.733
55,000
320
113,
97
1916, .I.4J
8. f., .59.
$1,000
Slhlej- Mfif. Co. of
gusta.<}a.. lat
1903,
tia,
Au-
JAJ
$1,200 South. Cent. RR. 1st
7,787
257,700
'l7,'017
7;035
17.000
41.176
174,309
93<a
I
oou. 58. sink. fund. 1923,1
August, 1 8!49. oouponi on f 35
$180 South. Cent. RS. 4a,
1897, Mar, 1890, oouD.on)
|
$1,000
Ellenvlllfl O. L. Co. of
EUenville, N.Y., reorg.
ext. 68, 1899
$19,000 Presoott
and
A Artx.Oen.
73>a
Ry2ainc.68. 1916.J.dtJ.. 17Ti
$500 Marshall Coal Co lat 6a,
1920, .M.iN
70
118% $1,000 Int. A at. North. BR.
1897,A.&O.110^
^auUtng ana
Puroh.
Money
(end.).
HAS.,
1st 68. 1919
Nov., 1889,
109\
Iftuauclal.
....
LIBERTY NATIONAL BANK,
New York.
M0«,«««
BAMKBRS AXD MBIiCUA.VTS SOLICrma
Central Uulldlnz. 143 Libertr
CAPITAL.
ACCOUNTS or BA:tKS.
C. TINKBB Presldsnt.
HKNRr
r^crcet.
HiS.VItr
JAMISS CURISTIK.
GUAVBd.
Vice-Praatdaot.
Ciishler.
OIKECTUK!*.
HByRT
B. F. C. yOU.VO.
W.tf. KlT.SKl.KS.
H. C.
GEO.
D1!.UU.V1'('I..\IIKB,
J."<0. it. STAIll.N.
J. A.
C. TI\K8B.
HK.SUV CillAVBS.
F. UAKKH.
J. B.
MAXVVELU
KAHJfBSTOCTKJ
HUN. O. A. UUBABV
aAKLA.SD
THE MERCANTILE NATIONAL BAN<
OF TUK CITY OP NBW YOKK.
Capital,
•
WILLIAM
P..ST.
No. 191 Braadwar.
$1,000,000 Snrplaa 4k ProBta, $'J50,0eO
I
JOUy.
President.
a SCilSVOlC. •Twhiar.
railDaBtOK
I
*
JAMBS V.LOTT.AasUtanlCwblw.
ACCOUNTS XOLICITBD.
1 J'!
THIRD NATIONAL BANK
Cirir OF SBW VOKK.
......
OF TUE
17.709
so.ooio
3*n.:^'iO
17,000
130.000
2,226.758 3,755,066 2,2«8.723 2.765,190
2,626,330 4,137,477 2,384,445 3,56.1.221
493,354 4.608. IMS
2,27,S.385 3,309,875
2.774.131
,5.729.3 10 4.869,31-1 1,114,
6.576,017 7..591.593 1,639,638 2,237.905
3i
—The Western National Bank of this city has declared a
semi-annual dividend of 3 per cent ou its capital stock, payable Jan. -i, 1893. This is an increase of J^ per cent on the
dividend hitherto paid, and places the stock on a 6 per cent
basis.
reg.,
.
122,342
23,141
1
Deo. S.'Ol... 41.653.121
Deo.
.T
'>t*j
33,6<i0
N(iV. 28,'9l. 43,'26o,62s
Dec. 6, '90. 21,56^,834
Deo
«
26,76J
87,994
8,4gO
8.1.,
$5,000 Corrlgan Con. Street
B.v.Co. of iCanCltr.Mo , lat
coupons on
35,000
Louis
Do
260,991
I,46«,i29
753,099
F &A
& Hock.VaL RR.
series, ree., 1;)05,
3.0:-i8,322
Toledo.-
Bond*.
95,000 Qr. Rp. Newayiro,^ L.
8. RR. 1st M 7s. 1905,.r&D.112>s
$5,000 Columb. & Tol.RR. 7s, 1st
lat 7b,
Capital,
J. B.
HBHBTOHVPIV,
WOODWARD
OiiSlaf
IH...,
$1,000,000
PrMtlsnt.
1
J. K'.ia'J'.t *
YS V4V
..,V«l.OMMar
Aaoonnts sollclMd and oarefol attootloa to the later<MU
itt
Dapoiltofa
(oaraataad.
Spencer
Noa. IS
ALBANY
Trask
BANKBRa.
and 18 Broad
N. V.
:
Botidt.
Consiol. St-'Ok
& Petroleum £xob'ge.t225
24 Home ilre Ills. Co
145
20 Hamlltou Fire Ins Co... 75>9
15 Hank of ibe Stateof Jf.Y.106
10 Knickerbocker lYust Co. 178
100 Prentiss Cal'r Jt Time Co. 45
1 Br'klynArtA99'n.«o00 8125
00 Btanil. Plate Glass Co. (of
Butler APiltsb., Pa.)... 36
10 Real Est. Exob. A Auo.
Boom, "Limited"
100
21 Third Aveuue BB. Co. ...226
$10,000 Col.
6l',47i
'"l3
The visible supply of grain, comprising the stocks in granai y
at the principal ix)ints of accumulatioa at lake ami t-eaboH d
ports, Deo. 5. 1891:
Wheat,
Members'p
1
•nding Dec.
SxporU
from —
Sharet.
I
|
326,858
1,338.355
Bye
Share».
10 Bleeoker Street A Fulton
87 Nat. Broadway Bank.. ..280
Ferry BB
38
100 Farmers' Loan * Tr. Oo,738
10 Avenue OBB
$5 lot
1
bUBb. 1,215.523
1,540,585
1,894.062
Barley
—
Aaction Sales. The followmg were recently sold at aao<
by Messrs. R. V. Harnett & Co.:
tioB
S«re«C,
SARATUOA.
TBANSAOT A OBNBKAI,
N. t:
&
Co.,
New York
Ctlr.
PROVIDBNCB.
A. 1
B.&NKI.VU BOai!*
Allolaaa«o(flaaariUaa Bonsibt aod Sold oaCaiaaMaa. tunlii atlaalloa
(•van to lorMtnaat SaourtUM. .DIraetwua loaaai o Jt aa4 la Pjll > laipUa.
Boatoa and Chloaso.
.
:
THE CHRONICLE.
670
;ixje
The demand
^^zztU.
SSaukers'
[Vol. LIII
towards the close of the year
for remittances
is
one element giving strength.
JDIVIDENDS.
I'he reduction of J.J per cent in
the Bank of England rate had but slight effect. Actual rates
for exchange are: Bankers' sixty days sterling, 4 82 5)4 821/
demand, 4 84i^@4 843,-^ cables, 4 84,%^(®4 85.
The following were the rates of douiestic exchange on New
York at the undermentioned cities to-day: Savannah, bnyin?,
par, seUing,
premium; New Orleans, commercial, $1 2j § 1 59
discount; bank, 50c. per §1,000 discount; CUarleiton, buying
par, selling
premium; St. Louis, 23c. premium; Ciiicagc?,
40c. per $1 ,000 premium.
Posted rates of leading bankers are as follows:
.
;
Per
Same of Company.
BooJcs Closed.
,
(Days inclusive.)
Cent.
Railroad*.
Boston
& Albany
(quar.)
Connecticut River iquar.)
Valley
Lchifjli
(quar.)
HauUattan (quat.)
N. Y.
2
1^
lis
& Harlem, miar
4
Dec.
Jan.
Jan.
Jan.
Jan.
31 Deo. 14
1
15
Dee. 17
Dec. 16
to Dec. 31
to
to
to Jan. 3
to Jan. 3
to
Noxilicrn Central
4
Riiulis.
Nineteenth Ward
Western Kational
3
Jan.
3
Jan
Dec. 23
to Jan. 12
Jan.
Deo. 22
to Jan.
Xr'
(It
<
3P.
Lorillard Co. pref. (quar.)
Western Union Telegraph
(guar.)
3
Jan.
Jan,
1%
1^
Jan.
Jan.
Jan.
6
$2.00 Dec.
2
Jan.
Jan.
15
2
2
2
The Money Market and
Fiii.ancial
11.
Sixty Days.
bills
on London..
Demand.
4 83
®4 85^
4 85
1
to Jan.
Dec. 17
to Jan.
Prankfort or
Dec. 22
Dec. 18
to
to
to
to
to
Jan.
Jan.
J»n.
Dec. 16
Dec. 31
to Jan. 1
United States Bonds.— Government bonds are steady.
closing prices at the N. Y. Board have been as follows
Jan.
IDec. 16
ISDeo. 7
IDec. 21
ISlDeo. 22
11, 1S91-5 P.M.
Situation. The year
—
a close under mcst favorable circumstances.
Our money market is abundantly supplied with funds at easy
rates, and in London the Bank of England has just reduced
its rate to 3J^ per cent.
This is in striking; contrast with the
distress of last year, and to have fairly easy rates for call
money here in December is rather unusual in any year.
—The railroad traific now, and prospectively for the next six
months, is all that could be desire I, and predictions in this
direction have so far been more than fulfilled. It is palpable,
however, that the distribution of money among farmers
must be gradual, and as yet they have received scarcely
anything from corn,
which is their greatest crop.
But from wheat a pile of money has already been circulated among them, which must tell immediately on
their feelings and their winter purchases.
Thus for the
first four months of the crop year
August 1 to November 30
—the marketing of wheat at the nine interior towns embraced
in the Produce Exchange report amounted to 121,000,000
is
Prlmehankers'sterling
Prime commercial
Documentary commercial
Parisbankers (francs)
Amsterdam (guilders) bankers
3
FRIDAV. DEC.
WAI.Li STREET.
drawing
December
onipanies.
Bjilckerbocker
"iKi' ellnnpoiis.
Atner. Bell Telephone (quar.)
American Sugar Keflnlng com...
'•
"
"
inef
Commercial Cable (quar.)
Minnesota Iron (guar.)
National .Starch Mfg. 2(1 pref ....
N'^est Thorn. -Hous.Elet.pf. (qu.)
%
%
to
—
84
4 81
4 8'.)l(i*4
Bremen (reichmark.sib'nkers
8II4'
8a%
5 23%®5 2318 5 2114^5 20=8
39i«,,>339'?8
40>.,« 40Jb
I
945b»94%
9514
()rt^?li
I
The
:
Interest
Dec.
Dee.
Dec.
Dec.
Periods
5.
7.
8.
9.
Dee.
Dec.
10.
11.
..reg.lQ.-Mch. *10l 1*100
*100 •100 •100 •100
48,1907....... ...reg. Q.-Jan *116i4 M16i4:*116i<! *116i9 116>« •lie's
.coup. Q.-Jan '117'4*117J4 *1 I7is,'117»s •1171-2 117%
48,1907
68, cur'c7,'95. ...reg. J. & J. *10-!>s *10Si« *10Si4 •lOsia '10s>a •lOSHi
2s,
63,
63,
63,
6s.
cur'cy,'96. ...reg.
cur'eT,'97. ...reg.
cur'cy,'9S. ...reg.
cur'ey.'99. ...reg.
J.
J.
&
&
*
J. iJ.
J.
J.
J.
J.
*110
*112
*115
*110
*112
*115
*110
*112
*115
•llO
*112
*115
'110
*112
*115
•110
•112
115
*117ia*117iij*117i.jl*117i9-117is •11719
•Thisis tnenrioebid attne mornin: : board: no
xa,/i-:
—
w.i;* 'u
1.
!«..
Coins. The following are the current quotations in gold for
various coins:
Sovereigns
$4 8t »$4 88 Fine silver bars..
S6i«
9512 ?
Napoleons
3 85 a 3 90 Fivefiaicd
—90 <j — 95
XXRoiohmarks. 4 72 a 4 76 Mexican dollars.. — 74 a — 75^1
25 Pesetas
4 78 ® 4 85
Do uucomiuerc'l — — a — Span. Doubloons. 15 50 a 15 70 Peruvian sols
—71 31 —73
Mei. Doubloons. 15 50 SIS 70 English silver
4 80 » 4 90
Fine gold bars...
par a^ prem. U.S. trade dollars — 70 H
Gorerninent Piircliases of Silver.— The following shows
the amount of silver purchased by the Government in Dec.
—
Onneci
offered.
Previously reported
necpmb*>r 7
1,836,000
497.000
671,000
475,000
9
"
11
^'•'-^-'''-
purTafed.
1,363,000 $0-9460 ® $0-9550
317,00 .$0-053.') ® $0-9537
546,000, $0-9560 ® $0-9575
$0-9575
20,000
1
346,514$
bushels in 1890 and 67,000,000
bushels in the good-crop year 1889, and as wheat was near 90
cents a bushel this means that Western farmers have already
•Local purchases
only four months about $63,000,000 more
money than they did in the same time last year. If we took
five months beginning with July the exhibit would be much
stronger in favor of 1891.
the following week.
So far as speculative transactions on margins are concerned
may be quite natural for the market to wait in December to
see the drift of affairs in Congress, and to see what may occur
with the " turn of the year;" but on investment purchases the
case seems different, and where bonds or stocks are selling at
satisfactory prices there is often a gain of 2(83 per cent or
more realized by purchasing in December, even if such
toldings are carried for a few weeks and taken up later.
"B" at $107 Ji^; $3,000 La. con. 4s at 873^.
Railroad bonds have shown a decidedly better business;
prices have been firmer as a rule, and the demand for bonds
IS on the increase.
It is almost inevitable that the inquiry
for bonds should become more active as the new year approaches, and under the excellent outlook for railroad traffic
1892, which fact we have pointed out frequently ia this
report. The demand for bonds now is rather of an investment character and is well distributed, not being limited so
much to income bonds and others of a semi-speculative
bushels, against 52,000,000
received
in
it
In the iron trade the best single feature lately has been the
of large orders given out for railroad oars. The
strong companies have been placing orders for
many
thousand freight cars to be delivered next year.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to
SJ4 per cent
*he average being 3 p. c.
To-day the rates on call were 2 to
8 p. c. Commercial paper is quoted at A^dt ri^ per cent.
The Bank of England weekly statement on Thursday showed
an increase in specie of £149,000, and the percentage of reserve
to liabilities was 43-07, against 41 '44 last week; the
discount
rate was reducexl from 4 to Z%. The Bank of
France shows a
decrease of 1,275,000 francs in gold and 1,250,000 in silver
York Clearing-House banks in their statement of
r,
K u'^
uec.
5 showed an increase
the reserve held of S649 700
°''^'' *^® required reserve of
$13,863,625, against
l?f c"uo'i'^?l'Y^
^14,«82,3.)0 the previous week.
aumber
m
1891.
Dec. 5.
Differen'sfrom
Prev. week.
1889.
Dec. 7.
Surplus
Loans and disc'ts
59,372,700
64.931.000
61,002,700
56,6.=io,100
Inc.
5,464,800
^^I'^ii'J"?
5,563,100 Dec.
47,900
433,980,700 Inc .6,673,700
Bpecle
89,8i;8,500,lnc .1 ,238.600
liBgal tenders.... 32,531,800 Deo.
588,900
Beeerve held
122,360,30o'lno. 649,700
legal reserve
108,496,675 luc .1,668|425
Circulation
Het deposits
Btirplng reserve.
•
The
to date.. 3,479,000
local purchases of
386,i(i9.500 ,394,231,000
3,538,400!
4.035,400
.
376,924,200 398,588,200
67,838,200 7.\050,7(IO
23,963,200 25,299,500
91,801,400 100,350,200
94,231,050 99,647,050
13,863,625 Deo 1,018,725 df.2.429.B50l
Exchange.— sterling
703.150
have been in
i
good derates have advanced a fraction during
the week
bills
it
2,622,514 $0-9160
each week are not reported
till
$
3 $0-9575
Monday of
State and Railroad Bonds.— Sales of State bonds have included $20,000 Tenn. settlt. 83 at 70i3 70% $2,000 do. settlt 53
(small) at 102; $2,000 do. 6s at 105; $15,000 S. Car. 63, nonfundable, at SJgOS; $15,000 N. Car. consol. 4s at 99; $3,000
;
Ala. class
m
it was earlier in
and Chicago & Northern
season. The Northern Pacific
Pacific 5s have been strong on the
negotiation of $5,000,000 of the latter with a syndicate.
Houston
Texas Central first mortgage 5s have sold freely,
closing at 104^. The Ches.
Ohio R.
D. div. 4s are strong
at 75 for the seconds and 73J^ for the tirst mortgage 2-4s.
Richmond Terminal bonds were much stronger to-day, closing
at 533^ for the 53 and 86 for tlie 6s. The A.
P. incomes
were quite active up to 14% and Atchison lower at 63J^(a64.
sort as
&
tlie
&
&
&
—
Railroad and Miscellaneous Stocks. In the stock market
there has been a very strong tone during the past few days,
and prices of many leading stocks show a handsome gain.
Earlier in the week there was quite a bear attack on Northern
Pacific preferred and Missouri Pacific, but to a close observer
the assault on these stocks looked veri' much like the attack on
Burl. & Quincy and Rock Island at the end of July, just prior
to 1 he great acivance. There is little doubt that" the market
has been held down in past weeks by such matters as the
Richmond Terminal uncertainties and the failure of Field,
Lindley, Weicbers
Co.; otherwise the present improvemeot
might have come earlier. The trunk line stocks are supported
by the great volume of freight now pressing their roads to the
utmost; all the wheat carrying roads of the West have been
loaded with the grain pressing on them and will yet have
much to carry, while corn is just beginning to move; and all
these products at high prices, which means general business
activity and large return freights in merchan lise next year.
To-day stocks were less active and buoyant as a rule, but
Richmond Terminal was an exception, rising from 10 up to 12,
on large dealings. Sugar is dull at 83%; L-^ad has been reorganized; the certificates of deposit close' at 47?^. Silver bullioa
&
S
Capital
,FJ?T®'^P
aiand
aod
1890.
Dec. 6.
month
•Total in
certificates close at
95^,
.
Dbckmbkr
THE CHRONICLE
13, ISOl.J
871
NEW YORK STOCKEXCHANQE-AarfP'ff STOOKS
for wfk mding DUO.
aiaaxn and lowkbt puan
STOCKS.
Active
KU
AtohlKttll 'I'np.
Baton) ST I
Dec. 5.
Mlorkn.
uiita Fe
A-
42'rg
88
Gaun<l» Southern
Oeiitnilor Now Jersey
Central Paoillc
Wi^t
Ohesapeake
Do
Do
ObloaKo
& O., vol.
do
do
A A Iton
60=8
cert.
tr.
2d
•35
134
|)ref
Do
iiref.
CUoaKo Milwaukee <b St. I'aiil
Do
prof.
OUoairo it Northwestern
Do
pref.
OhioaKn Rock Island & rarllle
Cliioaeo Bt. Paul Minn. <S: Oiu.
Do
pref.
Do
It St. t,..
61
:v
112t{i
31
24
'55»a
Chleat,'" UurlliiKton .% liuiucy.
OhioaK" lb Eoateru IIIIuoIh
f,1^
38
\W
108 >4 10:i'f
Ub
66
•04
7«^i
120^8
12m
lift's,
llO't
77 >«
'137^ rit(\
84^ 85 't
3ti:\i
100
70i«
Deo.
371^
102
71>4
& Tol.
Delaware & Hudson
Delaware Lackawanna & West
Denver <fe Rio Graude
Do
pref.
Do
Do
lutpref.
EMt Tennessee Va. & Oa
2a pref.
Terre Haute
Bvansvllle A
Great Northeni, pref.
IUlnol.< Central
Iowa CVntral
Do
'.
pref.
<b
Western
Deo. 9,
8.
48
431*
43",
48>i.
•4»a
4«),
88>t
88>a
88»» 80 H.
32
24
56
32
(11
OPg
n3>all4
61% 63%
•113
115
•311, 82
24>«
2414 24%
67
57
88
57
Deo. lU.
42% 43%
113% 113%
'31
32
24% 25 7«
57% 09
•35
371. 37%
38
30
"134
>I34
13!)
139
138 138
102^8 103% 103% 103% 103% 104%
•65
66
66
66
•94
96
9«»h '1)6
77'4 77%
77% 77% 77% 78%
121
121
121
121% 121% 122%
lloVi li6>6 llft%115''B 1I(J%116%
13Ui>
140 140
137%137»s 139Hl
844 85>t 85
85% 84% 85%
87«« 38
37
38>«
38
38%
IO2I1 104
104 105
105% 106
TO'g 71%
71% 71% 71% 71»»
28
2'?
28
28
2H
2 7 '8
121% 122% 122^ 122% 122
13U3ai37^ 136% 137-8 137%138V| 137%
17
*1U»4 llh »16i4 I7I3
171,.
16%
•43:% 45
44 la 44>s
43>a 43 k
44%
6I4
•5 Hi
6
5% nn, •5%
•6»a
•35
•38
42
42
45
40
42
*10>« 12
10% 10% •10%
•lOHl 12
122»i
88
122%
138%
17%
44%
n5>all5is 116>9ll6i< iY5% il5%| 115 117
101% 104% 105%
103 Hi IO31V 104 104>4 104
10% 103i, 10>4 10>« •10
11
10% 11%
*:i7H» 2SHi
28
28 >s 29% 30
30% 82%
19%
ll)3i
20
19% 19%
20
19% 19%
20
1
Do
Do
_
Wew York
Do
Istpref.
2d pref.
Lake Erie <Sc West'n
pref.
Entrlanrt .
New York &, New
New York New Hav. A Hart
New York Ontario A Western
New York Susquehau. A West
.
Do
Norfolk
Do
„
A Western
2058
20% 20 'a
80
44
79
44
301s
69
70
37=8 38
225 230
19%
9
ig's
9
pref.
•37Hi
•la's
38
17
pref.
•50
51
Northern Pacific
Do
•78
*43>4
29=8
pref.
Ohio A Mi.sslssippl
Ohio Southern
Oregon K'y A Navigation Co.
Oregon .«h. Line&Utah North
Peoria Deca'ur A Kvansville.
89% 89% 90
88
88
116% 117% 116^8 117% 117
89
*21
•73
22
80
24
20% 20%
38
38%
2714 27%
A Read., vot. trust, cert
PlttshurK Ciuu. Chic. A St. L
Do
pref. 621a 64
Phlla.
Pitts.
A West
.
BlohmondAWestP'tTerminal
_.
^"
Do
pref.
Elo Grande Western
S'a
•16
17
9
48 >4
47
411a 42Hi
17
•21%
22
19
-75
80
•22% 24
20
20
17
76
•23
37% 38%
27% 27%
•62% 65
•32
9
•46
pref. tr. certs.
80
51% 51% •50% 51%
23% 24%
23% 25
67% 70% 67% 68 'e
22
19
20% 20%
79
44% 44%
30
30%
69% 70%
37% 37-8
20%
80%
44%
30%
70%
37%
pref.
15
»76
80
15Hi
20
Do
pref.
pref.
Wisconsin Central Co
niscellaneoua Stocks.
13
13
Oil
Co
27%
27% 28%
36% 85^8
76% 76% 76
17% 17% *17
29
29% 29%
547, 55%
55
89% 89% 89%
97
97% 96%
61% 62 Tg 62%
36
29% 29%
Do
54
54%
pref.
Am. Sugar Ref.Co.,teinp. ctfs. 87% 8«%
Do
pref., temp. ctfs. •97% 97%
Chicago Gas Co.. trust rec'to.
60% 61%
34
Colorado Coal A
34% 34% 34
Consolidated Gas Co
97% 97% •96% 97
5978
59
Distilling A Cattle Feed'gCo.
59
59
94% 94%
94
Kdison General Electric
94
National Cordage Co
92% 92% 92% 92%
102
100%100%|
Do
100
pref.
17
17%
17
National I.,ead Trust
17
North American Co
16% 16'8 16% 16%
•21% 25
•21
25
Oregon Improvement Co
37% 36% 37%
Pacillc -Mail
37
58% 59
59
59
Pipe Line Certificates J
Ameriran Cotton
*l-.>%
•34
13%
28
36%
76
38
28
63
33
28
64
87
17% •15% 17
•17
•78
19
80
36
10
59% 61%
03% 94
92% 93
100
17% 17%
16% 16%
22% 23%
37%
87
58% 59%
10
42
73
112
'44
45
•80
86
40% 41%' 41
102
100
9678
97
60% 6l>
•93
95
92% 03
100
17
lUl
17%
17%
23% 2B%
87% 37%
63%
12
102
114%
40
12
18
1.979
1,420
1,660
144.609
4,005
5,117
3
14
»
99%8ept.lft>
82% May 1
29% Apr. 27
Apr. •29 25'i Sept. 19
30 109% Dec. 9
21 93
Jan. 15
30 «0»
ll>
3
127
I>ee.
9%
11
Nov. 8&
11% Aug.
57
23
7
Jan. 2
Jan. 2
July 31
22% Oct. ir
84 OoL 10
47%
Oct.
14
41%
40% 41%
13% 13%
12% 13%
27% 28
36% 37%
76% 76%
17
17%
18
29% 30%
55% 56%;
89%
89
97
97
I
62% (>3%i
34%
96% 97%
61% 63
03% 94%
93
93%
34
100
10
17% 17%
le^t 17%
44
86
29% 307,
56
88% 88%'
96
96%
63% 64%
34% 34%
97
I
97
61% 62%
94
93
04
03
100% 100%
17% 18
58%
July 31
15% Mar.
14
65
19
Jan.
11
2
Mar. 9
Jan. 6
2.620 14% Jan. 7
48,140 25'r6Aug. 4
2,500 12% Jan. 7
710 48 Jan. 6
925 28 Jan. 8
8% Dee. 2
39,035
1,110 43 Nov. 27
78%Sept,21
26% Sept. 1»20% Sept 31.
82 Jan. 1»
30
Apr. Sft
24%8eptS4
43%8epi81
SS-fg Oct 2S
6S%Bept32
43% Aug. 3ft
19% Feb. 7
76% Feb. la
44 May 1
100 23 J..n. 2
2 75''a Sept. 1820
._, 55% Jan.
373lsl05%July3llll4% Apr. 18
120 Jan. 6:l'22%Jan. 3
650
6 June 11 10 Oct. 20
Aug. 4' 19% Oct 31
2.3571 13
"""•'
2,040 34 Jan. 15; 43 Nov. 27
455 85 Jan. 5 103 Deo. 1»
625 100 Jan. 3,115% Oot. 9*a
1,900 83 Jan. 16 44%8«pt.9«'
16,875
18
56
500
10%
950 13
SOO 44
13j 78
44
80
•17
13 Aug. 17 18% Oct ft
210 46% Aug. 6 57% Jan. 14
20% July 30 30''8Scpt.2»
16.206
130,004
1,765
45
86
1
1
28
•8%
8%
16% 16%
42% 42%
17
17
39%
126
27% 27%' 27% 28%
35^1 86%
36% 30%
76
76%
76%; 76
29'g
24%
31%
48% 51
114% 114% 114%
39% 40
39%
11% ll'» 11%
17% 17% 17%
•44
•80
19
80
•41% 42%
•72% 73
111% 112%
102
1
63%
21
81
45
30% 31%
71%
37% 37
101
30%
55% 56%
88% 89%
96% 96%
62% 63
83% 34%
34%
21
"80
•44
lis
17
97
SOTg
•40
•16
42
12% 13
Jan.
250 7% July 30 20% Nov. 86
16%
69 11% Mar. 14 20 Sept. 18
26% 6,303 19% Mar. 6 29% Sept. 17
57^8 55,303 54% Oct. 2 77% 8<tpt. 21
42
10<l 26
Jan. 2 46 Sept. Sk
92
800 79% Aug. 17 110 Hay 29
117
25,575 98% July 38 117% Dec. 9
71
36
39% 40
11% 11%
17
17%
18
•96% 9^
100
101
114
29%
55%
01%
16%
26
24% 23
20% 20% 20%
38% 39% 38%
27% 28
28
•63
64% 63%
20%
88%
86
31''8 0ct.
7
17%
47% June '29 72% Bept. 16
31 July 30 4* Sept. 21,
226 229
133 224% Nov. 7|271 Feb. S3
20% 21
20% 20% 27,837 14 July 30 23% Sept. 17
9% 9% •9% 9%
915
6% July 30 ll%8ept.30
38% 39% 39
39
8,850 25 Aug. 4 41^8 Sept. 30
72
37% 38
'226
229
8%
15% 16%
42% 42%
I
Dc
„
Wheeling A Lake Erie
1%
15% 15%
42% 42%
I
13% 13%
27% 27%
35% 36%
75% 76%
17% 18%
41
48% 48%
Paul
Wabash
.58%
9% 0%
8% 9%
47% 47% •47
SO
50
•41% 42% ^41
42% •41% 42%
15% 15%
42% 42%
•227
20
7i
•17
•78
9%
15% 15%
96
•51% 52%
50% 80% L51% 5-.!
23'8 24%
24% 24% 24% 24%
68^8
70% X68% 69
68% 69%
•22% 23%
22% 23
80
25
A Dnluth
4^8 4214 42% 427gl
100% ioo%> 101 101
Do
102
pref. 100
114 115 'lU 115
Bt. Paul Minn. A Manitoba .. 113
113
39% 40
Bontliern Pacific Co
39% 39^8 39% 40
•11% ll%f 11% 11% lt% 11%
Texas A Pacific
17% 17%
Toledo Ann Arl>or A N. Mich.
17
17
17% 17
•44
45
Toledo A Ohio Central
44% 44% •44
45
-80
•80
86
Do
84
80
80
pref.
Union Padflo
40% 41%' 40% 41%' 40% 41
•17
18
Union Pacific Denver A OuU
17% 17%| 17% 17%
Bt.
16%
27%
21
72
•72
73
73
73
73
pref. *72ia 731a •72
Borne Watertown AOgdensb. Illiall2i4 112 112 nil%112% 112 112% 112
126
'126
126
Bt. Louis Alton A T. H., pref. 126
126
8I4
8I4
8%
8% 8% •8% 8%
Bt. Louis Southwestern
8% 8%
Do
•19
21
81% 81%
45% 45%
31% 31%
19
64
96
81% 80% bO's 47,265 667«Au«.
24% •23% 24% 1,220 18 Mar.
102
102 102
1 ,285
95 July
21% 21% 1.000 17»eJoly
109% 108% 109
5.479 87% July
87% 87% 88% 3.899 70 May
124% 124% 127
10,245 98% May
9
8% 8%
800 8% Aug.
2114
•17
36
96
790 5
July 30
8% Jan.
810 40 Dec. « 66 Jao. 1«
250
078Jaly30 19% Jan. 14
111% Feb. 6 129 Apr. 2
910 72 Jan.
120 Dec. 11
7,75:
90 Mar. 9 105% Dec 10
4,203
6 Aug. 10 12%l>e«. 11
5.88
20 Jan. 3 34% Dec. 11
3,853 12% July 31 24% Oct. »
4.305 53 July 31 60% Sept. 31
125% 125% 125% 14,420 xl05%Jue30 126% Oct. »
81
45
17
lo5%
12%
34%
20% 20%
67% 67%
91% 91% 91%
117% 116% 117% 116%
19
20% 20%
38
38%
27% 28%
64
•16
120
68
20%
91
29% 30%
31%
69% 70
71%
37% ,37%
38
227 227% 226 226 'e 228 228
19% 20'. 20% 21
19% 20
8% 9% 9% 9% "!»
9%
38
38
38
37% 38%
38
16
14
24% 25
69Hi 70%
80
44
42
12
12
117% 117% 119
105 105% 105
11% 12% 11%
32% 34
33%
1
117
BIgtawl
liOWMt.
U
7
42
12
6
42
66% 66% 66H 66>s 66 14 66% t.6% 67
67%
pref.
, ^ I>o
I<ake Shore A Mich. Southern. 12,'>Hil26
VZb^ 126
125% 126
125% 126
125%
liOne Inland
97
•95% 97
'9f>H) 96i«
*95H> 97
97
96
Lour8ville& Nashville
78% 79% 79 >« 80>e 79% 80% 80% 81% 80%
•23
23'8 24 ij
I»ul8v. New Alli. & Cliicago.
24
24% 24% 24
231a 24%
Manhattan Elevated, consol. lOOHilOOi* 10118 101 ig 1011«101l4l 103 103
102
Mexican Central
21
20% 21
20=8 2008
21
20% 30%
107''8 107''8 107% 108
108
Michij^a n Central
09% 109% lOO's 109%
•86
Mllwankee Lake 8h. &. We.«t.
81
87
87
87
90
87% 88% S7
Do
L20 121
120
121''8l24% 123
pref 114Hll20Hi 118
•8
Minneapolis & St. Louis
8% 8%
9
9
8% 8% •8%
•19
•19%
Do
19
20
19>s 19%
19
19
pref.
20Hi
*16'4 17>4
Missouri Kansas A Texas
16% 16% •16% 17% 16%
I6H1 I718
2578
Do
26%
27
26
27
26%
27%
25Hl
27%
pref.
.„
Missouri Pacific
5758 58%
55% 5Si4 55% 56% 56% 66% 56%
'..
•40
Mobile & Ohio
41
41
41
40% 40%
Nasbv.ChattanooKa&St.Louls 85
New York Central & Hudson. 116
New York Chic. & St. Louis .. 20
IMI.
43% 43% 75,154 Z4%M»r. 10 «7i*B«pin
5
4'»
4'h
„«1« 4% Aug. 6 7 AiMLil
00% 90% OO^s 2,780, 73%J»a. a •t Hnpt-1*
64
64% 63% 04% 61,153 47%Jaly SO «4%I>iw. 10
114 114% 113% 113%
3,780 106% J«M 30 132% Apr. aa
•31% 82
3
82
1 90
29 reb. 34 S47,0<it.. 25^8 26%
25% 2A\ 23.117, 14% J<iir ao U'H«pft.M
59
59% 59% 69% 3.479 42 Jiilv 3U
30
80% 89% 39% 1.0:10 23 Jnir 31
138 138
137 137
07 133 Knj 12 139% Oct. aa
K4% 105% 105% 10S% 70,082
75% Mar. 7 105% Ueo. 10
07
66%
300 41% Jan. 8 7a%aap«.n)
97
97
•90% ...
145 R3 Jan. 8 ioa%H«|it.u
78% 78% 78
78% 104,360{ 50% Jan. 2 7i«% Dm. \a
122% 123% 122's 123% e.>7a.l05%Jiui. 3 123% I>e«. 11
11B%115T« 114^8 115% 13,830 102% Mar. 9 ll»%Deo. 4
139 130
385 130 Mar. 18 140 Mot. 13
847, oQjg
85
85% 61,661 63% Mar.
87%H«I>ti,ai
38% as'e 88
38% 10,660 21 Jnlr 80 .tS^sUee. 10
105% 106% 10c- 105% 3,976 77% Jan. 20 106% Dec. la
71% 72
71% 71% 14,413 66% July 80 74%Sep«>81;
97% 08
98% 98%
908 go Jalr 37 08%Deiu \
28
28% 28
28% 3.3IS 23 July 81 S4%H«V«,M
122% 123% 122% 123% 6.312 118% Nor. le 141% Sept. •
138% 139% 138% 139% 61,403 130% July 37 U5%8«pt.M
17% 17%
600 13% July 30 21 Oct. »
45
45
1,012 40 July 80 63%JaD, 1«
•6
•37
•10
12
Ua
Week,
baros,
bta. 11.
I,
uf* •(MiM to un.
00
6
G
40
JAN.
rttut
43%
43'.
;**•
4%
4%
89% 89 >4
6:<% 64%
97% 07%
*273»
122
Of
WednawUr, Tbondar,
Tuuitajr,
7.
pref
Columlius nocklnij Val.
Itake Krle
31
24
Dec.
&>!•
88%
1st pref
Oleve. Cincln. Chlo.
tSH
•4>9
AtllUlIli' .V I'MiiIiiCaiiuiiiiiii I'iiciili'
MondBT,
ani
II,
Deo.
3"
ie%Bepi.n
Junelso 21
Deo. 8
_ 61
June 8 88
32% Aug.
11'
200 14 Aug. 11
915
8% Mar. 10
8ept.fX
Jan.
Feb.
li
18
52% Apr 88
24% Jan. 14
16
Sept.
18
16% Jan. 2 34% Bept 21
30% July 30 30% Sept 2S
67% Jan. 21 80 Sept 91
600 16 July 80; 23% Jan. 14
13,705 157, Jan. 3 30% Nor. 81
6,400 33% Jan. 2 5e%Dro. »
30,869 67% Jan. 17 93%8opt31
3,016 85 Feb. 27 98 8epC91
85.579 34 Jan. 2 64% Deo. 11
2,850 87% July 30 89% Mar. 18
476 93% July 3 101 Oct 86
S6390 41% Feb. 16 62% Dec. 11
774 88 Jan. 3 111 Fob. 8
6,330 73%Mar. IIIOI May 87
334 97 Nov. 9 110% May 7
8,644 14% July 29 21% Jan. 17
7.660
6,100
3,365
17
17%1
8,270 ll%Jan. 31 21%Oct 8
36% 24% 34% 1,495 15% Jan. 7: 32% May 1
26
87% 87% >36% 37% 3.665 31% Jan. 26! 41% Feb. 86
59
M\ 53 68% 68% 68%39l,OJO 61% Aug. 7 81 Feb. 16
179% 179% 179% 179% 178% 179% 2.660 173 Not. 13 196% Jml 14
178% 179% 179
178
Piulman I'alaeeCarCo
177% 178
95SV
05% 98% 3ei.iN>0 94% Nov. 5 107% Jaa. 14
94% 04''e 95% 95% •94% 95% 95% 891. 95% 96%
BUver Bullion Certificates
39% 39% 39% 3>4% 2,000 24% July SOi 41%Oo«. If
39% 39% 39% 39
•39% 39% 39
Tennessee Coal A Iron
•95
80 Jan. 8 98 8ai4.8l
•93
•95
100
100
•90
LOO
100
•90
too
100
Do
pref. •90
Q01« 4->l4' 10..M-J 76 Jan. al B»%a«».l »<»
ait. 9^^
ais. ai7„
w««t»
x £x 41t.
* Ih«M are tlie pri««« Ud m4 ••kodi no ui» mnAft S Prlcoi txom. botfc SMkanceo.
16''«
1.
.
THE CHRONKJLE.
872
Inactive Stocbm
RKtli'oa<i
Sange
11.
Dee.
Ask.
Bid.
H Indicates unUsted.
in 1891.
(salet)
Mocks,
:
Cedar FallH & Minnesota
100
7"s
50 148
100
Colombia &
6
100
Des Moines & Fort Bodge
100 12
Preferred
100
Dnluth 8. bore & Atlan.ir
5
100 11
PreferredTT
100 t 25^
nint & Fere Marquette
100 ; fSOH
Preferred
100
5
OeorKia Paciflolf
ereen Bay Win. & St. Paul.... 100 { lO'a
Houston <&Texa8 Central
100
2%
nilnois Central leased lines
100 • 90
Kanawha & Michigan
100 10>4
Keokuk & Des Moines
100
Preferred
100
IiOulsv. Evans. & St. Lo., cons. 100
Preferred
100
Ixiuisv. St Louis AXezas
100 ! I6ie
Mahoning Coal
501 75
Preferred
50
Memphis & Charleston
25
Mexican National
100
Morris <& Essex
50 140>«
100 108
B. Y. Lack. & Western
B. Y. & Northern pref
100 { 16
Peoria & Eastern
100 ; 10
Pitt*. Ft. Wayne & Chicago.
lOO 154
Plttsbnre <fe western
50
&
No
price Friday;
3%
'
Pittsburg
Greenville pf
. . .
*
T[
150
144
7
20
June 140 May
June 1031s Feb.
30 Apr.
Apr.
43 le Sept.
8l>s Aug.
40 Nov.
Sept. 14 Oct.
9 Aug.
Mar.
June 152 Jan.
Jan.
Jan.
Apr.
12
5
12
7
15H
27Tg
6
5
2
4
100
12
90
10
1
7
25
55
11
157
15
Sept.
17%
June
2778 Dec.
86»« Apr.
8% Jan.
Mar.
8M
76I4 Oct.
7
11>4
112
7'e Pept.
Feb.
Feb.
Apr.
I6I3
82
May
Nov. I6713
Jnly
July
Jan.
July
Sept
Feb.
12%
Sept.
Oct.
Oct.
41s Aug.
96
16
May
6
Aug.
Feb.
Jan
13% Nov.
Aug
30ifl
Jan.
63
18
85
Jan.
Jan.
Jan.
5 Mar.
Jan.
70 July
101 Apr. 1091s Apr.
40 Jan.
Oct.
S>« Aug.
5 Jan.
137>s July 1481s Mar.
104 Jan. 110 Mar.
22 Apr.
16 Mar.
June 11% Oct.
S
149 Jan, I5316 Dec.
&
&
Saratoga
100,
Grand IsJand
St. Joseph
T.
Bt. Louis Alton
San Fran, let pref
St. L.
Ask
167
175
30
35
&
100
100
100
100
165
South Carolina
Toledo Peoria & WesternH
Toledo St. Louis &, K. CltyH
Virginia Midland
61s
16%
14
Adaras Express
100 (144
43
100 114
100 I 81
AmerictnBank Note C0IF
American Express
Am. Telegraph & Cable
46
118
Do
100
pref
Lehigh AWUkes.Coalir
Maryland Coal
Minnesota Iron
Currency funding 4s
A rkansas
North Carolina— 68, old
Funding act
1900
do.
Chatham
Non-Holford
lUuouri— Fnud
1894-1895 104
City
(00<(>mWt«d.i
_
I
New
of
York...
eanhattan Co
erchante'
Xeobanics'
America.
Pbenlx.
Olty
Tiadeemen's
Obemlcal
Xerchants' Exchange
Sallatin NaUoDiil.
Bntcbere' A Drovere*.
Mechanics' A. Traders
Chven'Kicb
Iieatne) Manafact'rs.
eventh Natlooal
Itote of New York....
American £xcbange..
Oonunerce
Broadway
Meroantue
Paoiflo
Bepnblio
Oliathua
Peopleg*
Bonh America.
Hanover
...
imng
tnttMOB'
Kawan
Market
A
Fulton...
Bt. Nicholas
Shoe A Leather
Com Kxohange
Oontlnental
OrtCDtaL
Imponers' A Traders
Park
Bast River
Pborth National
Central National.,
eoond National.
Blntli NatioiiaL
'."
Plrst National
TbirA National
H. Y. Kat'l Kxchanite
BoweiT
Hew York County."
Bennac-Amerlcan
Obaae N«tlonal
Pttth
1914
We
Avenue
ennan
Exchange
Germanla
*
CnitedStatea
IJncoln
Sarfleld
Plfth National...
Beaboam
Vxtb NatlenaL'.'.'.'."
geatem National..
Kl«t I>atton«13'kl7n
*W»I..
I.
for the
Surplttf.
Loom
(
*
•
1,500.0
W.000.0
260,0
3,200,0
2,000,0
300,0
week ending Dec.
omit two ciphers (00) in
Oapital.
2,000,0
2.050.0
8,000.0
2,000.0
3,000,0
1,000,0
1,000,0
750.0
300,0
600,0
1,000.0
300,0
400.0
300,0
600,0
300,0
1,200,0
S,000,0
6,000,0
1,000,0
1,000,0
422,7
1,500,0
450,0
200,0
700,0
1,000.0
500,0
600.0
600,0
760,0
600.0
600,0
1,000,0
1,000,0
300.0
1.81>6,7
1.538.2
949,6
1,971,4
2,050,3
446,2
2,484,1
121,2
6,673,6
164,0
1.6ei>,8
301,9
414,',!
149,0
667,9
70,2
605.7
2,109,9
3,351,0
1,633,3
1,020,7
436.3
986,'.'
834,4
321,3
876.6
1,693,3
312,0
434,7
244,9
778.7
11,580,0
10,603,0
7,018.7
8,510.0
14,936.4
4.796.0
10,964,8
1,923,1
23,161.:
3,623,7
6,417,1
1,637.4
2,370.0
1,392,7
3,186,6
16,665.0
1»,84P,7
6.988.8
8,093,1
2,933,2
10,994.9
6,004,2
2.143,6
4,767.6
14.913,3
3,053,0
2,h79,9
2,633.1
4,IJe',!.8
2,026,1
7,464,6
4,665,4
1,961,0
23.646.0
21,531,3
760.0
600,0
279,3
8,800."
1,000.0
300,0
260.0
32.7
160,5
490.6
200.(1
679,',!
760,0
600,P
100,0
200,0
200,0
600.0
800,0
200,0
160,0
800,0
200.0
600.0
200,0
2,100.0
800,0
277,1
1,038,9
8U0,2
61B,9
6l>3,3
6'J0.6
368,7
886,0
304,4
838,7
242.0
183,8
850,8
800,7
2,8li8,0
l,li-1.6
2n,097,3
7.388.0
4,492.0
2,61 '.'.I
2»,8tt8.6
3,e7o,';
all cases.
LetaU.
OtpoHti
J*J
83
77I9 June
69
81
14
1031a
23i«
201s 12
30
June
1938 Jan.
I4719 Dec
July
Jan.
28i4O0t.
211s Sept
60 Jan.
16 Mar.
2313 Sept
83 OcL
42% Jan.
35 Deo.
13 Bept
44 Jan.
Mar.
July
May
16
15
68
Mar.
Jan.
May
18i« Oct.
22 Oct.
91s July
38
260
104
23
Mar.
July
Mar.
80
86
02
July
40
Aug.
May
May 290
Not
Nov. 104
Fell.
32i« Nov,
3% Oct.
20
14
40
137
Nov.
Mar.
Nov.
Jan.
24
May
38
Feb.
Jan.
Feb.
6''8
40
19^8 Apr.
70
145
Jan.
Feb.
2.260,1
2,741.(,
1.778.9
1,610,0
2,741.
1,040,0
11,070,0
660,0
125,6
ei4,0
11.300.1,
U7,7
7,132.3
7,3SS.n
14,800,3
4.65H.0
12,808,1
„1,874.1
1,591,5
24,6811.5
456,'2
4,li7.6
4,198.2
1.791.9
2,480.0
1,0S7,9
2ti6,0
)'64,
3,039.-
3A2.8
6.776.8
636.9
869,0
341,8
320.0
161,2
655.5
268,8
26',«
S.ShLO
1,770,7
1.609.0
364.1
171,6
2911,0
102,1
179.9
141,9
446,4
1,276.0
2.031.8
New
933,1
26U.3
634,4
471,8
1,645.1
333.9
2.216,9
1,054,1
1,234.4
562,0
420.2
965,0
4,620,6
643,9
960,3
368,3
591,0
142,4
468,0
290.8
»37,i'
487,8
207,«
18'i.9
206.0
412.3
166,8
408,0
341:0
166,8
420,5
1,33.1,6
218,1
119,1
6,682,0
6,873,7
lJO.8
4,918,7
2.042,0
1,244.0
8^»,7
4,74S.»
1
1
4.19.0
2:231,2
168.3
81,1
oie.9
433,0
218.0
337,7
898,9
609,2
193,1
764,(1
20l»,0
810.0
641,7
130,u
446,4
1
1'2,405.3
6.390.1
3.395.0
6,116.0
16,374,1
8,017.0
3.686,9
3.897,8
4,061,6
2,064,3
8.450,0
8,712.1
6,376,1
1,973,0
26.037.0
26,619,9
1,047,6
21,393.1
8,625.0
6,433,0
3.332.1
2:1.620.9
976.4
3,663,6
l,33'A4
3,933,0
3,362,1
3,653,6
12,419.3
93!«,6
3,i3:3
2,819,it
2,642,t<
4,9112.9
192,7
281,8
6,S5U.c
4,250.7
3,354,7
1,»50,2
1,646,2
1,105,6
664,7
8t9,4
176,8
8,647,9
3,011,0
6.303.S
4,995.9
3,895,6
1,898.4
4,816,3
2,261,0
4,111.0
1,327,0
10,613.0
4,235,0
l,4H6,l
2.631.U
2,822,6,
2,831.1
11,203,3
4,690,ul
.
2,106.3
4,"227..>
633,7
255,8
916,6
2,1'J0,0
36'i,0
3,H62.U
1.610,0
10,090,8
619,0
176.0
1,657,7
1,101,0
8.77l),0
1910
l'^8,2
3'i4.8
314,6
221.1
2«1,7
237.0
269,0
140.0
1.101,1
3U.0
g8.W2.7 64,981,0 417.918,1 89,828^82.631,8 483.986,7
100
1912
1913
1913
1913
settlement, 68
101
70
TO"*
Virginia— 68, old
6s, consolidated bonds
6s, consolidated, 2d series, rect«.
68, deferred, t'st rec'ts, stamped
....1919
2i«
New York
City,
iOapxttit
BABK8.
Ask.
Bid.
5b
3s
I
j
Boston and Philadelphia Banks
dc
Survlut.
Loans.
N. r«rk.
Nov. 7...
'134,30.1.7 411,190,2
14... 1124,303,7 40<'.549.5
"
21 .. Il2».30.).7 408.601,1'
"
28... l'-'4.303.7[41'i.463,3
Dec. i... .124,303,7 417,918,1
Specie.
ur^fUt.
Oevotiu.^
S
S
''I'v.'i'n
Ottanntf.
t
29,23f<,7 418,826,2 6.590.0 728,806,1
81,963,0
84,036,2
87,910,8
88.689,9
89,828,5
29,645.8 416.919,4 5.638.4 791.100,2
80.9)2.4 422.321.8 5.674.8 H2.807,T
.'i.Hll.O 63t.l89,f
33,120.7 4«.313
S;,531,8 433,988,7 5,663,1 748,618,0
64.642,9 148,984.8 11.623.9
64.642.9 I6i,0i7,6 11.562,2
64,642,9 154,981,4 10,368,1
7.181.2 133,86.%5 4,110.7 97,452.1
6.637.8 134,203.6 4,115.6 80.193,8
6,900,5 137,808.6 4,138,6 104,626,7
Hoflion.*
Nor.
21...
"
28...
Dec. 6...
Pnlla.'
Nov. 21
"
28
Deo.
..
-
5...
85,793,7
85,793,7
35,793,7
96,147,0
96,191,0
86,0 iC,0
*Weo'nillwocip\er» in
Jelphla. the item "
1,130.1
2,666,4
1,638,4
2,636,3
14,608.0
13,294.8
5,025,4
8.407.3
».441,7
11.
Comiromise, 3-4-5-68
"
•
1,193,6
112.9
263.8
408,:
SPMM.
?,03l',0
1,188,2
282.6
408.1
6,231,1
2.728,8
I4i.5
1.733.0
64E>,d
123
14
58
I
Feb
150
SECURITIES.
J.... 1892-1898
Rbode Island—68, oou.. 1893-1894
Soutb Carolina— 6b. non-fand.1888
87«4'.
as follows.
V, 1891, is
RR
&
Consolidated 4s
68
Bank Statement
Jan.
S.C. (cent.)— Brown oon8ol.68.1893
Tennesstee— 68. old.
1892-1898
Special tax. Class 1
RR
New York
bonds, J.
Ask
Bid.
1893
New
Central
Iiouistann- 7s, cons
Stamped 4s
Oct.
113
16
20
100 23
24
100 t 771s
100 22
28
100
100
10
12
100 J 42
50 260 290
100 106 110
60
33
35
414
100
S'f
100|* 20
20 >s
100
100 t 47
lOOl 140
145
Nailonal Linseed Oil Co
National Starch Mfg. Co
New Central Coal
Ontario Silver Mining
Pennsylvania Coal
P. Lorlllarrt Co. pref
Phila. Natural Gas
Postal Telegraph -Cabled
Quicksilver Mining
Preferred
Texas Pacific Land Trust
U. 8. Express
New York—6s, loan
Arkansas—6a,fnnd.Hol.l899-1900
78,
134
Feb.
781a June 82i« Apr.
961a Oct. 101 >s Mar.
9 June 21 Jan.
am
American Tobacco Co., pref ..100 : 97
Brunswick Company
100 10
Chic June. Ry. & Stock Yards. 100 { 72
Preferred
100
Citizens' Gas oJ Brooklyn
100 80
Columbus & Hocking Coal
100 ; 1514
Commercial Cable
100 :i47>«
of
Consol. Coal
Maryland
lOOl 26
Laclede Gas
100 J 19'9
8KCUBITIE8.
1906
1906
1906
1920
Class B, 5s
Class C, 4b
Sept
Sept
16>sSept
Mar.
week
Aak.
Bid.
Apr
9%
100
NEW YORK STOCK EXCHANGE PRICES.—SraZE BONDS DECEMBER
SECURITIES.
May
Aug
Aug. 185
9
36
76
iniscellaneons Stocks.
Wells. Fargo Express
latest price lhi«
Alabama— Class A, 4 to 6
Highest.
5 Feb.
261a Jan.
55 Feb.
313 Jan.
76
in 1891.
(sates)
Lowest.
10<i|
H
&
Range
Dee. 11.
Bid.
Indicates unlisted.
Ben.sselaer
.TOO
.100 160 170 147
92
88
Air
.100
&
Charlotte
Atlanta
Lit.
150 135
BeUeTille & South. III. pret.. .100 125
100
99
..100
Y.
Air
Line
prel..
Boston&N.
27% 30
100 25
Brooklyn KlevatedT
29
100
40V«
Buffalo Rochester A Pitts
100
Preferred
78's 74
45
20
100
35
IBurL Cedar Rapids A Nor
22
13
100 14
OaUfomia PacitlcTI
Albany & Buequehanna
Indicates actual sales.)
(X
Inactive Stocks.
Highest.
Lowett.
Alabama & VipkburKTI
Cleveland
fVoL. LIU.
XiHK STOCK EXCHINUE PRlCm (C(iii»an&l)-[XACTIVE STOOKS.
.SKW
:
.
28,679,0
29,459,0
38,665,0
all thete
due to other
l<':.525.0i3, 396,0
97.790.0 3.308,0
96,926,0 3,423,0
lao all
Itiurei.
:g,
tor
70,422,(
67,954.6
73.464,*
Bxtooaad
Phlla
baa'cs."
City Railroad Secarities— Brokers' Quotations.
Atlantic Av., B'klyn.St'k.
Gen. M.,53, 1909... A&O 100
ai'okerSt. dl FoJ. !'. -8tk. 27
Istmort., 78., 190(>..J&J 110
ar-dway
7thAv. -8t'k..H90
Ist mort., 6s, 1904 .JADIIOO
3d mort., 5s, l914...J<kJil00
'24 100
d'way Ist, os, gn
3n(l &s, int. as rent., '05. 93
Brooklyn City— Stock
188
Istmort., 5a, 1902. .JAJ 100
B'klyncroiBt'n 5e., 1908 108
Bkn.CY*N'ii58,1938 JctJ 103
JentralCrosetown— 8t,'lt., 130
Ist mort., 63,1922. MAN 116
lent. Pk.N.A B.Rlv.— 8tk. 118
Consols. 7», 1902 ...JAD 113
>ry Dlt.E.B.* Bat'y— stfc. 127
VBrmort..'7s 1893..JAD 100
fe
Bank Stock
BANES.
Imenca
Bid.
203
Vm. Bxoh... 148
Bowery
305
Broadway... 275
Satchs'A !>.'. 180
110
105
SO
114
195
103
104
104
95
110
102
110
105
140
117
131
117
133
103
Dry Dock B. B'y* B.—
i
I
Sortp
Blghth At.— Stock.
I
42a
A
lICl
215
109
260
106
42d
St.
Gr'nil St. F'ry— Stk. 240
l8t mort., 78, 1893.
102
AAO
-Manh.A St.N.Ave.j 37
UAS 110
2U M„incomB,a8....J&Jl 49
Hoa8tW.8t.A P.F'y— Stk. 200
Ist mort., 78, 1894. .JAJ 100
40
lis
61
1st mort., 68, 1910,.
NlaLh Are
8e ond Ave.—Stock
Int mort, 5b, 1909. aiAN
Sixth Ave.- Stock
Third Ave.- Stock
ibr"
101
100
108
180
97
100
170
220
Ist .«,, 58, 1937.
JAJ 108
Twenty-third St.— Stock.. 230
1st mort. Is. 1893.
102
.
230
fill
:240
1
104
—Latest prices of bank stocks this week.
List
Ask.
207
160
316
281
BANKS.
4allatin
Oarhold
•>•*.
Qerman Am. I'iO
German Ex. 340
Germanla
BANKS.
New York...
310
400
330
Uentral
l-28'«
Greenwich... 145
Ohase
420
Hanover
346
Ohatham
120 425
iHud. River.. 146
Chemical.... 44U0 4700 Im. A Trad's' 535
450
City
Irvlug
1«5
Jltizens*
150
176
Leather Mfs' HO
Jolambia
260
Lincoln
400
Jommerce...
187
Manhattan... 178
Oontlnental 137
145
MarkHtA Fal 215
Com Kxoh... 240 246 Mechaulca'..
Deposit
115
M'chs'ATrs'.
iCasl Hirer., 150
Mercantile...
llth Ward... 200
Merchants'..
rath Ave.... 2000
Mercli'ts Ex. 123
PUth
300
.vletropolitan
7'«
nrst
2500
MetropollB... 360
Plrst N., 8.
107
116
Mt. Morris .. 250
14th Street.. 170
Murray Hill. 300
Fourth.
170
Maaaaa
160
—
99
'210
ElghthAT.- Scrlp,68,1914 106
1-26
360
153
560
193
246
236
195
218
Bid.
230
N.Y. Ooanty. 606
N.Y.NatBi. 130
Ninth
103
iHth Ward.. 160
N America.. 180
Oriental
230
185
Park
293
People's
290
Phenix
130
Pioflnce Kx. llf
Kepublio
170
Seaboard
1731,
Aak
240
111
...^
"--
Pacifio
Second
, .150
Seventh
125
ShoeALeath. 160
Nicholas. 120
State of N.Y. 109
Third
100
Tra^lesmen's. loa
Unit'dStates 2110
122
Western..
West Side
200
310
137"
122
180
160
St.
126
11
.
lift
106
110
iw"
I
DeOMBKB
'
THE CHRONIOLE.
13, IHUl.
rr
Active Stocks.
4toh. T. A B. Fe fBsstnn/.lOO
43
Atlantic A Pao.
100
Baltimore A OUlo (Ball.). 100 83"
"
iKt preferred
100 >131<ia
«h«r« PrlcM-Bot Per Oeataaa rH««a.
Monday,
Saturday,
Deo. 5.
Iniltoates unlisted
878
PHILVDELPHU ANO BAbTIKOBB STOCK IXOlANem.
BOSrON.
I
J
I
43>e
W
Des.
7.
43
43>«
"•83"
Wedneeday,
Deo. 8.
Deo. 9.
•4%
85
ISO
V...
42^
4Sie
*8l>«
•130>«
86le
43H
4S>«
'130>«...,
"
iireferred
100
3ost4>u A Albany i Botton) 1 00 *206"" 203'
Tuesday,
•4%
....
86
.....
43^8
Dee."/.
43% 484
43>t
•4%
•4%
...
•84
202 >9 2024 202% 203
Boston
Boston
A
A
Lowell
"
Maine
"
"
"
Oeutnti of Maaa.
Prtiforred
Oblc.Hur.AQuin.
"
76%
77>«
77««
5'>i
"e
303% 302% 3034 302
137
lis
76 193
88
89%
SS^s
97
97
97
191
100 193 195
"
39
25 39
38>a
Butte i& Boston..
I514 I514
15
25
"
Oaluinct AHecla
260
25 ^'lO 262
-58
Canton Co
59
fBoJf.^.lOO
60
•43
Consolidated Gas
43 >« •43
100
^vri,
rle Telephone (Boston). 100 43
43
43
Lainson Store Ser. "
50
17%
'47'8
Lehl'h Coal&Nav -Fhit./ 50
48
48
K.Enit. Telephone ^ /?'«(' (i;100
50
50
50
North American. (Phil.). 100 *16»8 le'a 1638
Tbammn-WnEl. .(BosCn) 25 48^8 49
48
"
Preferred
2638 263e
2638
•16''8
"
Vest End Land..
16% 17
* Bid iind asked prices; no sale vas made.
M
Bid.
Inactive Stock*.
Bound
79
80
80
24Ss
24^8
48
49
20^8
•iO-'e
37%
3T>a
97 >a
120 130
20>8 20%
37»8
•96
97
'
24<8
70»9
23<>g
23Tg
683s
34 Vi
67% 68%
163 >« 163 la
163>ii
54i>B
54>9
54iS(,
34
34 <4 34>4
164
543g
19^,
41%
4098
6
40Tg
224
8
"7'e
89%
"s
24%
69>6
164
64llg
226
89i«
96>9
97
2638
26i«
26>9
26% 264
17
17
17
17
17
Bonds— Boston.
At.Top.48.F.100.yr.Ig.,1989. JiJ
100-ycar Income 5 g., l9S9.8ept.
ilBurl. <& Mo. River Exempt Os.J&J
Non-exempt6s
1918, J&J
Plain 4s
1910,J&J
Chic. Burl. A Nor. Ist .',1926, A&O
1918. J&D
2d mort. 68
Debenture 69
189«,J(JtD
Chic. Buri.A Quincy 4».. 1922, F&A;
1919, A&O
Iowa Division -is
1'Chlo.&W.Mlch. gen. 5». 1921,JitD
Consol. of Vermont, .">n. 1913, JiJ,
Current River, Ut. 5s..l927, A&O,
,
I,
I|
I
Br.(PAtia.) .lOOi 160
•\
ilflS
35
48
49%
•69
;
"
Har.Porte.Mt.JoydtL.
50
Kan. C'y Ft. 8. dj Mem. (Boston) .100
32
Preferred
"
100, 105
K. City Mem. & Birm.
"
18
100;
Uttle Schuylkill
'Det. Lans.ANor'nM.7».1907,J4J'
{PhUa.) 50
68
Manchester & Law.. {Boston) .100
Eastern Ist mort. 6 g., 1906, MAS;
Maryland Central
Iree.Elk. AM. v., l8t, 6.1.1933, AAO
IBtdt. ) 60:
Mine HiU & 8. Haven {PhUa.) 50 684I
Unstampedlst, 6s....l933,AAO|
544''K.C.C.ASprlng.,l8t,5g.,1925,AAO
NesquehoningVal
"
50 53
Northern N. U
IK. C. F. 8. A M. con. 6s, 1928, MANI
(Boston) 100'
;K.C.Mem.ABlr.,lsU5s,1927,MASi
North Pennsylvania. (PhUa.) 50 814
Oregon Short Llne...fi<o<<o>i; 100 284 244 K.C. St. Jo. AC. B., 7s.. 1907', JAJl
'
1
!
I
164
164
I
164
19% 19»„ 194
41% 41%
40«8
8
894
89
97
26% 264
16% 16%
Bid.
256
61
434
43
16%
484
17
40
264 264
17
174
X Kx dlT.
July: 3j,
25
July 31
July 31
42-'s
44 Feb. 51 74 Aa«. 81
324 Auc. 11 52% Apr. af
56 222 July 31 230 Feb. 4
570
64 July 31 g'Tg 8eptia
11,718
584 Jan.
•2^ Septal
97% septaa
600 844 Mar.
795 173 Auc.
3,589
364
230
50
30
280
24 Jon. t
504 Oct a*
53 May 5
214 Oct S
524 Septal
264 Septal
24% Apr. as
Bid.
58, r
Q—
I
I
I
.
i
1
Bal.AOhio8.W.,l»t.44g.l990.JAJ
'
'
I
I
Huron
.Mining
.
'1
"
Morris 'anal guar. 4. (PhUa.).
"
Preferred guar. 10
Osceola Mining
(Boston).
Pewabic .Mining
"
"
Pullman Palace Car..
Quincy Mining
Tamarack Mining....
Tboms'nElecWeWgll
1 Volisted.
!
Cap«F.AYad..Her.A.,6g.l916. JAD
Series B., 6 g
1916, JAD
1916. JAD
Series C, 6 g
1930, MAd
Cent. Ohio, 44g
Charl. Col.AAug. 1st 78.1895, JAJ
Oa.Car. A Nor. 1st 5 K..1929. JAJ|
1900. JAJ
North. Cent. 68
1904.JAJ
68
1926, JAJ
Series A, 58
1925, AAO,
44s
Oxt.AClark.4utgii.,6 g.l937,MAN
i
"
"
"
And aooraed interest
. .
—
I
.
.
Lost fcUetkla weak.
1004
84% 84>
eo4| 684
49« 50
36% 36
1054'
127
j
ibs" 1054
1014 103
98
11S4
66
60
105
104
106
lOl
1
10S4J
lao
....„
100
98
....,•
1034 103
99
99%
98% 994
98% 994
100
1034 106
101
114
116
MAS
MAS
1916, MAK
3-4-5S.... 193 1, MAS
Virginia Mid.. 1st
tfs...
4tli Series.
•
•«
U4%
1906.
1911
3d8eries.6«
SdSeries, 6<t
IOI4
1144
1094 100%
Pltta.AGanuells.lB(78.l8«8.JAJ; 1184
1936. MA(>1
StbSeries. 68
West Vo. C. A P. 1st 6 a. 19 1 1 . J AJ
.'.'.'.'.'.
Consol.
JAJ,
1st,
79.
Wear*.
V.a
6
(.1914.
Br'k,
1905,
FAA
lie"
124 Del. A B'd
Wllm. Col. A Aug.. 6a.. 1910. JAO|
EastonAAm. lstM.,.'>s.l920,MAN, 107%
;5
69.
lUSCBLLXllBOtn.
JAJ.
1910,
Elmir. AWilm., 1st.
;.'.".'.'
Baltimore -City Uall6s 1900, Q-J
34!|Hunt. A Br'd Top, Con. 5s. '96, AAO ibi4
1900. ^—Ji
FundlngOs
1914. Q->I 1084
Lehigh Nav. 448
West ^aryl'd RR. 6«.. 1902. JAJ'
1897. JAD 113
2d 68, gold
1916.
MAM
g.I924.a-F
Water
6a
General mort. 448,
,1004
l»ie, MA.V
Funding »a
Fundlug»a
[x-high Valley, 1st us. 1898, JAD 1104
l9iH>.JAJ
34a
MAS
134
Exchitnge
.1910,
2d 78
134>t
..1923, JAD 185
126
VlrginU (Sulci Sa. new. 1932. JAJ
Consol. 6
1900. JaD
1900.JAD
:CheaaneakeOas.6s
Chesapeake Oas.6s
North Poun. 1st, 78.., . 1896. MAN 110
1910. JAD
ConaoI.Oaa,6a
..1903. JAJ 1284
Gen. .M. 78
19;t9.JAJ
5b
r..l910,
Vor
Pennsylvania gen. 6s,
19I.S. AAO'
lEqniUble OgB. 6a
I »<).%, Vsr
134
Consol. tis.e
.
113
99
Pledm.ACum..lst &g.l»ll, FAAi
.
nUnois Steel 11
Kear.sarge Mining
110
1024.
1
I
"
924
11
!
"
1124
I
il
"
U
Jan.
Sept a
Sept a
Mar. 81
624 Sept 1
49 Jon. 14
50% Mor.ai
Dec.
975 13 Not.
36 240 July
40 4 Jan.
870 42 Aox.
44 424 Nor.
99 15 Mar.
1,181 444 July
27 47% July
550 11^8 June
1,155 x384 Aug.
1,220 344 AUg.
858 14 Not.
I
I
Fort Wayne ElectricTI
Franklin Mining
Freuclitu'n'hHay L'ud
U
8ept.lt
1164 J^a5!-S
71
Aa«.St
I'',
Bonds.
'1
'
Jan. •
8ept.lt
51
1919, Var
3
Oollat Tr. 44 g
1913, JAD
134 18 Fa. A N. Y. Canal, 78 ... 1906, JAD
Consol. 58
1939, AAO
8l»8 81% Perklomen, 1st ser., 58. 1918,
63% 63^8 Pnlla.A Erie gen. M.5g.,1920, AAO
fl4%115
Gen. mort.. 4 g
1920, AAO
Phila A Read, new 4 g., 1958. JAJ
f864
1st pref. Income. 5 g. 1958. Peb 1
10141103
2d pref. income, 5 g, 1958, Feb. 1
101 1101%
3d pref. Income, 5 g, 1958. Feb. 1
1004'
2d, 78
1893, AAO
89
Consol. mort. 78
1911, JAD,
90 .....
Consol. mort. 6 g
1911, .iAD{
t
Improvement .M. 6 g., 1897, AAO
94
Con. M.,5 g..8tampe<l,1922, MAN
884,
Phil. WUm. A Bait, 48.1917, AAO<
10741084 Pitta. C. A 8t L., 78. . . 1900, FAA
120 I....
Fo'keepsle Bridge, 6 g.l936, FAA
8chuyl.R.E.81de.lst5 r.1035, JAD
..jl33
itl30
Steuben. AInd.,lstm.,5s.ll>14,JA.i;
1 894. AAO
United N. J., 6 g
108 iWarren A Frank., 1st, 78.1896.FAA|
Bonds.— Baltimore. _ .^
084i;
(120
Atlanta A Charl., IstTs, 1907, .'fcj
90
II
1900,AAO|
Income 68
107
MBaltlinore A Oblo4(., 1035, AAOi
5g...l925,
186
Conn.,
FAA
PlttB.A
Staten Island, 2d. .5 g.l926. JAJ
!
!
U
76% Dee. 19
2! ids
PeniUk Consnl.
i
.
.
n
Ask.
I
.
Peb.
105% Dee.
I
1
1834
174
63% June
199%
364
144
Apr.
Apr.
Ja«.
31
208 94
414
884 884
96% 97
97
119
2on
10.778 304 July 30 30% Septal
26,84V 68% July 81 784 Sept. at
182 101 Nor. 41684 Apr. af
7,997 49%|May 19 56 Oct.
220 24 July 80 364 Oet. la
34,630 l3i<..AaK. 42113,. 8ept.ai
226 223
•7%
84
226
7^8
1,510
1,703
70
54% 554
54^8
Parkersburg
L. RockAFt.8., l8t,78 .!»05,JAJ
(Bolt.
50
!!Louls.,ET.AStL..lst,6g.l926,AAO
Pennsylvania & N. W. (PhUa. ) 50 46%i
1936, aAO
Raleigh <& Uaston
2m., 2-6 g
(Bait. )100
1925, AAO
Butland
iMar. U. A Ont.,6s
8
(Boston). 100
1923,JAD
Exten. 6s
Preferred
100 70
Mexican Central, 4 k... 1911, JAJl 71% 72
Seaboard & Roanoke. (Ball.) 100
128
non-cum.
3
Incomes,
g.
consol.
Ist
1st preferred
100
354
,
West End
744 2dconsol. incomes, ;is. non-cum. 20
204
,{Boslon) 50i
1st,
7s.
1905,
J .Uj
N.
AN.Eng.,
121
"
Y.
Preferred
50 8638: 864
1905.JAJ, 111 ,112
IstmortOe
West Jersey
(PhUa.). 50
67
1902, FAA
"
2dmort 68
103
West Jersey & Attan.
50
Western Maryland..
2d mort., scaled,6a... 1902, FAA
(Ball.). 50l
13
.'
C,Con.6a.l920.AAO§
L.
1103 104
Ogden. A
Wllm. Col. & Augusta
"
100 107
1920 (tl3
20
Inc. 68
Wilmiugt'n& Wcldon
"
100;
190i MAN {1108
.Rutland, 1st, 6s
Wiscou.sin Central. .. (Boston). 100
17
1898,FAA {t
.1:
2d, 58
100
Preferred.
"
100, 40
"
Worc'st.Nash.&Roch.
100|
liAllegi?n"y''V;iI.'r^yi^S.'.?^li5.. JAJ 1114 111%
MISCKLLA^NEOCS.
Atlantic City 1st 5s, g., 1919,MA.V| 102
AUone7. Mining
(Boston).
114
Belvldere Del., 1st, Os. 1902, JAD, 1094:
"
11
Atlaultc Mining.
10
ItfOO, FAA' 117
130
Catawlssa, M.. 7»
65
City PHSsengerKR... (Bait.).
^1
Bay State Has
254 Char. Cin.A Chlc.lst 5g, 1947. O-J:
(Boslon).
l.tt,
192'7,
Jeff.,
6s.
118
JAI,
Boston Land.v
"
64 ClearUeld A
1 90O-04, MAS
1 1 % Connecling. 6s
Centennial Mining...
"
)
4»''e
1'.'0
24^ 244
684 68%
Oec
131
5 Bfor.
74
77 17 Mar.
2.1
8«(rt.3«
893 094 Aoc.
85% Joa. f
843 la Mar.
374 Beplli
167 65 July
80% AprTn
826 174 Jan.
384 Sepl3f
172 434 Mar.
49 Bepllt
807 45^8 June . 514 Besca
160 119 Nor. 12 146 Peb.
20% 20%
374 3-38
97
974
193
180 192
192 193
194 195
197
38 >a 38
37«« 874
38
364 37
36
15
14% 14% 14>t 14>9 144 144 144
'260
'260
265
260 260
256
•56
60
•574 60
•59
60
60
43 >i 434 43%
43>a 434 •43
434 •434
'43
43
42% 43
42>4 •41% 424
43
17
17
•164 17
17>s
16%
48
"is" 48
48
48
48
484 47''8
•494
50
50
50
50
504 •49
163e 16's 16^8 'We 17%
174 174 17
48I4
48
48
48
48''s
484 494 49
90
30
9
35
48
49%
104
3004 r*b. la
304 Jan. If
40 Peb. i
Jnly
Not.
126 80 Nor.
10,98i) 75^8 Mar.
11,760 51 Jan.
8 41
Mar.
374
824 834
38
97
70
543s
41
41
224 >»
8
88%
48
Mar.
Jsa.
Jan.
Jan.
1734 Jnne
6
76
47%
il838 157
160 15
194 194
24% 24%
68^8 704
163
78H
444
76
35
120
964
19>|<
894 91 >«
97%
•54
20%
'20<%
37^8
70
Inactive stocks.
I
119%
19-,« 19^1,
97
97>«
37»8
97>«
Thom.Enrop.E.Weld1F (Boston) 100
•
100
Water Power
"
Westing. El. tr. reo.H
60
.
Delavcareifc
194 194
75% 76
Ask.
11.
Atlanta & Charlotte {Bolt.) .100
Boston & Providence {Boston) .100 250
Camden &, Atantlo pf. (Phila.) 50 25
*•
Catawissa
50
"
Ist preferred
50 58
2d preferred
"
50 56%
v/cntral Ohio.
(BtdL) 50
53
Charl. Col. & Augusta
"
100
Connecticut & Pass. {Boston) .100 120
Connecticut River...
"
100 224
19%
75''e
24% 34%
•47 >« 48
49% X48% 49
78
•44
44
•6««
6
10%
79
119
21
37J«
78%
78'4
•75 >e
•24>e
24
48
49I>8
120
7
"
Prices of Dec.
49%
....
'•
20
76
25
24
48
79'e
nt^Ml
Lewsat.
344 Mar.
44 Jane
110 86
'
6
6Hi
•79
78
24
48
19Si
'
20
76
24
76
5
miseellanenua Stocks.
Am. SuK'rRofln.lI (Boston)
Preferrea
•6ie
•19>«
•19«s
"
'76>»
100 75
79 >«
Fere Marq.
"
100
"
Preferred
100
76
Hunt. A Br.Top.rPAi/o>. 50 24
24*4
24
"
Preferrt'd
"47««
CO •47
"
LehiKh Valley
50 49% 49% 49<>8
Maine Central C£o(fon>.100 119
"
Mextoan Central
100 20% 'ai
20%
"
jr. Y. & N. Eng.
100 37 >« 37% 3738
"
Preferred
100 97
97
99
Northern Central (Ball.). 50
23S|
ITorthern Pauiflo (PhUa.).lOO
24^g 25
"
Preferred
67''8
100 69% 70>e
Old Colony
(Boston).lOO 163>a 164
163
545. 51'>s
Pennsylvania.. (Phila.J. 50
Si^
Philadel. & Efle.
"
50 34>« 34>i 34
Phlla. A Reading
"
19
50 19 193i,
Bomiuit Branch fBo>f«n;. 50
'•
Dnlon Paeltlc
100 41 3« 4138 40>9
United Co«.of N.J. rPAi7a.noO '224
224
We»ternN.Y.AParPAi/a.; 100
77i«
77 «9 77»g
46
46
"•5>i
&
.
77%
46
"
FltoliiiurK iiref.
Bell Telephone .,
Host. <& Montana
MS
*17fti«
4«i946
lao
115
100 •175
'175i>B
'176>«
.... •175«« 177
176
100 167 169
168 168
167% iVo' 169 170
166 >t 109
168 1684
•15
100 •15
16
•16
16
16
•17
16
18
•15>e
17
174
•30
100 •31
83
33
•31
31
31
•83
SS
35
844 344
100 1.03>8 103% 103 >« 103 >« 103 « 103>« 103<4l01>4 104H! 10.%«» 1054 105%
Ohio. Mil. & St. P. friUI.).\00
Ohio. & W. Mich. (Boston). 100
'•
01ev(\ & Cunton
100
"
Pr«rprrctl
100
Fl.
203"
Week,
niares.
86
•(15
8tt<«
'1804 133
2(1
.
u«a Of satoe Im IMt.
o( the
Ttauraday,
Deo. 10.
115
108
•••••
,-••• ...*•«
1014
107% 106
117
lit
1324
102
102%
694 70
106
li^
1O64
1134
914 96%
1064 lOT
J
F
'
1
THE CHRONICLK
874
NEW YORK STOCK EXCHANGE PRICES
I
SUUtOAS AM)
MISCEL. BONDS,
Period.] Dec. 11
A&
M
M&
.
Leli.&\V.B.,con.,7s,a3'd.l90C >.
1912 M
do. mortgage, 5s
Am. Dock A Imp.,.5a.... 1921 .1J
.1898
6s.
Gold,
Pacittc—
Central
Ches. A OMo-Mort., 6 g-.l^lj A
l8tcon80l.,5 g
vv--|.>Qo
K.&A.Div.,l8tcon..2-4g.l98S
do 2dcon..4g...l989
1911
Ches. O. A So. W.— 6 g
Chic. Burl. A Q.— Con.,7B.190jJ
1913
Debenture, 5s
1922
Denver Division, 48
Nebraska Extension, 49. 1927
Chic.
A
E. 111.— lst,B.(.,6s.l907
1934
Consol.,6g
General consol. I8t,5s..l93.
-K
Range
(Continnm.-ACTIVE BONDS DEO.
Lowest,
64
16
75
14%
99 14
116
llS^sb.
110
108 %b,
.1
AC—
105 1«
105 ijb.
1914
Term)nal,5 g
Gen. M. 4 g., series A... 1986
19U:
M.L.,
Us.
North.—
Mllw.A
87
110
110
,
19i:
l8t,coii.,69
Chic. AN.W.—Cousol., 7s.. 1915
1902
Coupon, (,'old, 78
192V
Sinking f uud, Cs
192!Sinking f uud, 58
Sinklug fund debeu.,5s.l93t
190i
25-year debenture, 5
192t
Extension, 48
Chic. Peo. & St. Louia— 5 g. 1 92S
Chic. R.I. A Pac— 08, coup. 1 91
Extension iindeol. ,5s. ..1934
Chle.St.I,.APitt.-Con.,5g.l93i
Chic. St. P. M.
Cleveland
C. C. C.
&
AO.—6s....l93(
A Canton— 5 ..
.1917
I.-Con8(il.,7 g-1914
1934
General consol.. 6 z
Q-r
A D
O
J
AA
A A
MA
MA
b.
b.
1371s
1221a
C 108
N "107
1),
b.
K 10312b.
F A
9513
A
S
M A
A J
A J
A A (I
J A D
J A J
98
a,
122 b
102
103 b
118 b.
88 b.
J1& D* 128 >«a.
116 b.
A
J
J
.1
Oct.
.luly
.)
C.C.C. ASt.L.- Peo. A E.49. 1 94(; A A O 7934
1990 April. 27 b.
Income, 4 s
190( F A A 1021a
Col. Coal A Irou— g
Col. Midlaiul— Con., 4 g...l94(j F A A 70
. . .
80
90
89%
b.
a.
a.
971a
9314b.
107
30
b.
b,
b.
MAN 96
95
911s July
MA? 116%b.
110 Mar.
9313
.
GaLn.ASanAn.-W.Div.lst,5g.
Han. A St. Jos.-Cous., 69.1911
Illinois Central— 4 g
1952 A A O
Int. AGt.No.-lst.Gg.... 1919 M AN
Coupon, 6 g., trust reo..l909M & S
Iowa Central— Ist, 5 g
193t J A 1)
Kentnoky Central—4 g
1987 J A J
Klng9Co. El.— l8t,5 g....l925 J A J
lAoledoGas- l8t,5g
1919 Q—
953*,
Nov.
117 i8b. 1091s July
b.
68 Mar.
86%
801a Aug.
821*
78 July
•72
99isb.
80
95 Jau.
88% Jan.
116 Oct.
121 Jan.
100 Aiir.
95I4 Dee.
43 14 Dec.
921a Apr.
128 Dec.
115 Dec
IIG Nov.
1071s Oct.
102 Dec
106 Nov.
10613 Dec.
87 Feb.
112 Feb.
II2I5 Nov.
139% Apr.
127% Feb.
115 Feb.
109 Sept.
109 Feu
105% Apr.
100 Jau.
lOOis Jau.
127i4Feb.
102 Dec.
103 May
120>4 Nov.
Oils May
132 Feb.
121
Mar.
Oct.
9412 Nov.
1191s Feb.
83 Feb.
9Gi2 Feb.
33i8b.
96
Oct.
Juue
106 Jau.
7112 Sept.
b.
A J
A J
A (1
A O
A J
A K
A J
A 8
A D
May
Juue 81% Sept.
June 29>a Sept.
MAS 87
A D 89
MAN
115iab.
Col.H.Val.ATol.-Cou.,5g.l93I
1904 J
General, 6 g
Denver A Rio G.— 1st, 7 g. 1901
Ist consol., 4 e
1936 J
Det.B. City A Alpena— Gg. 191t
Det-MacAM.- E'dgTant3.1911
1937
Dul. Alron Range— 5s
Dul. So. Sh. A Atl.— 5 g.
1937
E.Tenn.V AG.— Con., 5g.l95t
Knoxville A Ohio, G g...l92,-,
Ellz. Lex. ABlgSan.— G g.l902
Ft. W. A Denv. City— 6 g. 1921
Way
Jnu.
124% Dec
102% Apr.
Chicago A Erie— let, 4-5 g.l982
IS 82 Oet'b'r 43J4
Income, 58
851a
l8t,5g. 1937
Chic. Gas L.
128
Cou.78.190f
ASt.P.—
Chic.MU.
115
l8t. Southwest I)iv., 68.190^
iieisb.
10714b.
Ill'^B
113
99
75
114
.)
102
Mar.
Mar.
11734 Mar.
1021s Oct.
73^8 Dec.
.1
Ist, So.
118
123
108% Nov.
112% Mar.
.1
Chic. AMo.Riv.Div., 58.192(
Wis. A Minn. Dlv., 5 g..l921
Seiit.
Jau.
I1213 June
10858 Dee.
100 Feb.
74
lll>4b.
108»8
35%
Sept.
lOOis
May
99 Feb.
104 Jan.
lOOie Apr.
95 Jan.
105 Jau.
97 14 Oct.
117 Jau.
97
Mar.
llGMDec
76
87
Jau.
May
8213 Jan.
100 Is May
7 1 la Juue 8213 Jau.
105 Aug. lOO's Jan.
117i2Sept. 122% Jan.
118 June 124 Jan.
97
Oct.
A J 108%
A J 120 b.
A D 122
I^nglsi'd— l8t,con.,5g..l931 Q—
'113 b, 110%Jan. UG Sept.
General mortgage, 4 g.. 1938 J A D 89H
88 June 921a Jau.
Iioula. A Nash.— Cons., 78.1898 A A O 11314b. 110
Sept. 11558 Mar.
H.O. AMob. l8t, Gg
1931; J A J 120 b, 11338Jul\ 12018 Dee.
do.
2d, 6g
J93( J A J 114 a. 105% Aug. 112
Juue
E. H. A N. let, 6 g
1919 J A D limb. 111 Juue 113% Oct.
General,6g
1930 J A IJ llSSsb. 12 July 117 May
Unifled,4g
1940 J A J 8078
76^8 Aug.
85% Mar.
I«ul8. N.A. AOh.— l8t,68.J91( J A J 110 b. 101 Mar. 112 Sept.
Consol., eg
1916 A A O lOOij
84 Mar. 101 Dec.
I«nls. St. Xj. ATexas— 6g.l917 F A A 83 a. 65
Aug. 88 Jan.
Hetro. Elevated— iBt, 6 g. 1908 J A J 115 b 11108 Jan. I15I3 Juno
„3d,aa
1899 MAN 104 b. 103 June 108 Apr.
lUch. Cent.— l8t,con.,7e..l902 M A N 12II4
118 June 1241a Apr.
Consol., 5s
1902 MAN 106iaa. 106 Nov.
Oct.
mi.LakeSh.AW.— l8t,6g.l921 H A N 122iab. 117 June 1081a
127 Apr
Kxten. A Imp., 6 g
1929 F A A 103 b. 97 Aug. 102% Dee.
H. K. A T.— iBt 4b, g
1990 J A D 7838
74% Jan. 80 Nov.
Sd 48,K
1990F A A 46
36 July 48 Sept.
iAkeErieAWest.— Sg....l937
J
Shore— Con.cp.,l8t, 78.1901J J
Consol. coup., 2d, 78
1908 J
li.
MAN 1041s 102
MAN
11214a. 105
A A 98
Mo. Pacific— Ist,
con., 6 g.l920
8<1.78
1906
Pao.ofMo.-lBt,ex.,4g.l938F
Sd extended 58
1938 J
Mobile A Ohio— New, 6 g.. 1927 J
General mortgage, 4s. ..1938
»OTB—" b " Indicates price
Dec. Ill Mar.
July 116 Apr.
June 100 Jan.
J 104
9913 Jan. 104 Dec.
Jan. 117i3Apr.
114«sb. 112
8 6G%
62 July 70 Feb.
a.
A
AD
M A
bid
;
••
b.
b.
a" price
94
aslced; the Rau^ie
NEW YORK STOCK EXCHANGE
8£CnKITI£8.
Bid.
Alabama Mid.— Ist, g., 69 ....1928
Atlantic A Dauv.— Ist g., 68. .1917
Atl. A
2d W. D., gu. 66,. 1907
B*lt. A Ohio— l8t, 68, Park B. 1919
5«. Pild
1925
Pac—
1988
** ""*>« ' n<i<«y , uuiM are
Uie
A
J
J 128
A A O
b 124
104 b
MAN lOiy
J A J 126
MAS
1071s
122
MAN
9412
A A
1,
July I2912 Dec.
10713 May
1021a Oct.
lOOis Nov.
i«b I2314 Aug.
104 Oct.
IO314 Mar.
127i4Apr.
110 Jan.
IIGI4N0V. 123 Mar.
95 5e Sept.
89 July
O
J 113 b. 109 July 115 Apr.
J 126i4b. 125 July 132 Jan.
A 109 b. 10713 Nov. 10934 June
136 a. 1321-j Oct. 137% Fob.
D 103 b. 103 June 10713 Apr.
120 Sept.
O 1155eb 115 Jai
D 104%
96 June 10714 Nov.
112%b. 110 Mar. 115 Feb.
D 99'8 90 June 10012 Nov.
J 10238
94 .Ian. 102% Dec
A
A
A
Construction, 5s
N.Y.L.E.AW.— l8t,con.,7g.l920 MAS
1893 J A
Long Dock. 78
193S A A
Consol., Gg
196!) J A
2d consol., G g
N. Y. Ont. A U'.-lst, 6 g..l914 MAS
1930 J A
Consol. lat, 5g
N.Y.Su.s.AW.- Istref.,5g.l937 J A
Midland of N. J., K....19H1 AA O
Norf. A W.— 100-year, 5 ff.l990 J A J
North.Pac— 1 8t ,coup., Gg. 1 92 J A J
General, 2d, coup., G g..l933 A A O
General, 3d, coup., G g..l937 J A D
1989 J A D
Consol. mort.,5g
Chic. AN.P.— 1st, 5g...l940 A A O
North.Pac AMou.— 6K...1938 MAS
North. Pac. Ter. Co.— 6 g..l93;; J A J
Ohio A Miss.- Cons. 8.f.,78. 1 898 J A J
189b J A J
Con.«ol., 79
J
J
F
llliaMay
I1514
giisb. 88
Juue
11712b. 113
Jun.
lllHib. 109
May
lOGis
106 Deo.
7612 July
78-^i
7834
7Gis.IulT
10234b. 101
Sept.
107 b 104 July
112 b. 108"4 July
116 Sept.
100 13 Feb.
I17i2 0ct.
114i4Mar.
113i4Feb.
85% ,Ian.
84>4Mar.
109 Feb.
110 Mar.
112 Feb.
112 b. 107 Julv 112 May
107 b. 101 la July 110 Is Nov.
OhloSoufheni— Ist, G g...l921
63 Feb.
60
1921
55 J iin.
General mort., 4 g
Omaha A St. Louis— 4 g ..1937 J A J Gi a. 50 Jui:e 581a Jan.
10313
lOOig
Feb.
90 Jan.
Oregon Imp. Co.— 1st, G g.l910 J A D
74 Feb.
58 July
1939 A A O 6619
Consol., 5g
A J 10958b. IO5I4 8ept. 110 May
Ore.RANav Co.— 1st, Og. 1909
92 b.
Aug, 100% Mar.
1925
Consol.. 5 g
A J 10814b. 102 July IO8I4 Dec.
1921
Pa. Co.— 413 (I., coupon
A J 108 b. 100 Jau. lOOisMay
Peo. DecAEvauBV.- 6g..l92C
A S 105 a. 95 .T.in. 103 Feb.
Evansville Dlv., 6g....l92(;
74% Apr.
70
1926
66 Jan.
2d mort.,5>;.
A J 84% 7413 Aug. 85 Oct.
Phila. A Read.- Gen., 4 g.lOSfc
7II4 Oct.
6958
Feb.
4713
Mar.
1958
5
Ist pref. income, g
5014a. 32
Mar. 52 Oct.
1958 Feb.
2d pref. Income, 5 g
3958 Sept.
Feb.
3512b.
Mar.
•ihM
1958
3d pref. income, 5 g
75I3 Jan.
81 Feb.
Pittsburg A Western— 4 g.l917 J A J 81
118
Jan.
J
J
109
A
b.
10713
Sept.
Kich ADanv.— Con.,6g..l915
9II3 Jan.
1936 A A O 75
75 Dec.
Consol. .5 g
lOOia
Jan.
A
F
b.
A
84
82
Sept.
Kich.AW.P.rer.-TrHst,Gg.l897
75 Feb.
53%
4914 Dec
Con. 1st A col. trust, 5 g. 1914
Nov.
79
J
J
A
7314
78%
Aug.
Rio G. Western— 1st, 4 g..l93«
105 Jan. 114 Mar.
E. W. AOgd.—Cou. ,5s. ...1922 A A O II014
92i3Jan.
8218
*8334h.
Mar.
St. Jo. A Gr. Island— Og.. 1925
June nils Dec.
St. L.Alt. AT. H.— 1st, 7s. 1894 J A J llOigb. 108
1894 F A A 10512b. 101 Aug. 107 Jan.
2d pref., 78
IOOI3 Aug. 105 Jiin.
St. L. AlronMt— l8t79...1892 F A A 103
1897 M A N 105 isb. 104 Nov. 108% Apr.
2d,7g
105 b. IO313 July 108 Nov.
Cairo Ark. A Texas. 7 g. 1 897
93% Jan.
Gen. K'y A land gr.,5g..l931 A A O 851.2b. 31 May
N Ill b. 108 June 11 414 Oct.
St. L. A Sii n Fr.— 6 g. CI. A 1 90c.
N Ill b. 1061a June 1131a Apr.
1906
6 g., ClaasB
N Ill
107 Juue 114 Apr.
1906
6 g.. Class C
J 10814b. 103
July 110 Jau.
1 931 I A
General mort., 6 g
A N 68
64% Nov. 71 la Oct.
St. L. 80. West.- 1 st, 49, g. 1 989
198y J A J 3058
25 Aug. 35 "4 Oct
2d, 48, If.. Income
N IIG
114 May 118 Jan.
3.P.M.AM.— Dak. Ex., 6 g.l910
A J 123
11 July 123 Dec.
1933
Ist consol., 6 K
A J 98%
reduced to 413 g.-97 July 102 13 Feb.
do
A D 85 b. HO Jan. 871a May
Montana Extension, 4 g. 1937
A J 61 b. 61 Oct. 74 Feb.
San A. A Aran. P.- Ist,6g.l91t
A J 61 b. 61 Oct. 7313 Feb.
1926
1st, 6 g
A A 96
L.S.AE.—l8t,gu.
1931
95 Aug. 103 Mar.
6.
Seattle
lOOiab, 102
Aug. 108 Oct.
So.Car.- l8t,« g., ex coup. 1920
29 Sept.
21
1931
13 Jan.
Incoaie,68
1909-10 J A .1 102 b 100 Sept. 104 Dec
80. Pac, Arlz.-6g
114
Mar.
AO*
llliab.
1905-12
A
Apr.
80. Pacittc, Cal.— 6 g....
1091a
1938 A A O 99 b 9713 Oct. 101% Mar.
1st, consol., gold, 5 g
104i4Dec
J
J
A
102
July
b. 101
80. Paeiac, N. M.— 6g......i911
82 Aug. 94 Jan.
Tenn.C. I. ARy.—Teu.D.,l8t,6g A A O 90
191" J A J 9313
84 Aus. 961a Jan.
Birm. Div.. 6g
8 lis Oct.
901a Apr.
2OO0 J A D 82 14
Tex. APac- 1st, 5g
27 Aug. 3514 Jan.
2000 March. 2913
2d, income. 5 g
93 b. 91 Nov. 9913 Feb.
1924
Tol. A. A. AN. M.— 6g
103 July 109 Nov.
Tol.A. A. AGr.Tr.- 6g....l921 J A J 109
A J 105
1935
Tol. A Ohio Cent.— 5 g
1021s July 1071a Jan.
71 13 July 77 Jan.
A J 76
191
Tol. Peo. A We.9t.— 4g
A D 92
79 July 94 Nov.
Tol. St. L. A Kan.
6 g..l916
A J 112% no Sept. 1141a Mar.
1899
Union Pacltto—6 g
A 8 106 b. 105 Sept. 111% Feb.
Sinking fund, 88
1893
74 Apr.
67 %a. 60 Nov.
Collat. trust 41a
1918
Kansas Paolflo let, 6 g. . 1 896iF A A 10756b. 104=8 Aug. 111 Jan.
l8t,6g
1896 J A D lOGiab. 107 July 10959 May
Denver Div.— 6 g
1899 M A N 108 b. 106 Sept. llli4Mar.
Nov. nils Apr.
l8toon80l.,6 g
104
1919iM A N 107
95% Aug. 1061a Jan.
Oregon Short Liue— 6 g..l92; F A A 103
66 Aug. 80% Feb.
Or.S.L.AUt'hN.— C0U.5 g.l919 A A O 74%
U.P.Den.A Gulf con. 5 g.l93e J A D 70 %b. 64 Aug. 82 Jan.
106 Jau. 112 Oct.
HO
1937
Duion Elevated— 6 g
89% Feb.
Virginia Mid.— Gen. m.,53, 1936 M A N 76isa. 74 Dec.
90 Feb.
Deo.
do
stamped guar
7513b. 74
10213
1939iM
Wabash— l8t,5g
961a May 10359 Oct.
81 Dec.
81
70 Feb.
2d mortgage, 5 g
1939.
May SmSept.
4213b. 27
Debent. M., series B
1939
9913 July 103 14 Deo.
2361
IO314
West Shore— Guar.. 4s
100 b. 90 Jan. 101 Feb.
West. N. Y. A Pa.— iBt, 5 g. 1937
32>3
27 July
361a Sept;
2dmort.,3g.,5BC
1927
lOOivb, 98
Jan. 100% Apr.
Tel.—
Col.
tr.,5s.l938
West. Un.
97 Jan.
193'
i"93%a. 88 July
Wis. Cent. Co.— Ist, 5 g
I'
Income, 5 g
1937
35 b. 28 July 47 Sept.
JAU
MAN
AD
AN
MAS
MAN
IAD
.
MA
MA
MA
.
,
M
.
MA
•
I
i
1
MAN
!
C—
1
—
M
MAN
i
i
I
i
made up from actual
sales only.
Bid.
102 14
Ask.
•>
MAN
MAN
AN
Latest price this week.
BONDS-DECEMBER
11.
SECURITIES.
Bid.
A Ik.
Burl. Ced. Rap.ANc— (Contin'd)
Minn. A St. L.— Ist, 78, gu..l927
Oent'lOhio Reor.— Ist, 4138.1930 idi"
lowaC. A West.— I8t.7i....l909
A W.—Deb. 58.1913 iOl
Ced. Rap. I. F. A N., Ist, 68.1920
80
Brooklyn Elevated— 2d, 3-58.1915
1921
82
90
1st, 58
Butt. Roch. A Pitts.- Gen.,58.1937
93
C.Ohio— Jol. ACln.M.l9t,4i3S.1939
96
Roch. A Pitts.— 1st, 6s
1921 II713
Cent. RR. A Bank.— Col. g.58.1937
117 118
do
Con801idat'dl8t,6s.l922 11313 116
Chat. RomeA Col.— Gtd g.58.1937
ttnrl Ced. Rap. ANo.— l8t,58.1906
1061a
Sav.A West.- l8tcou.gtd.5a.l9i9
971a 98%
108
Consol. Aoollat. trust, 59... 19.S4
90
"Vni. ot N. J.—Conv.deb..««.l908
lac«at quot«tl»u> made tkU •m—i.
Bost. H. Tun.
1891.
b.
192ii
PRlCES-iContlaaei),— INACTIVE
A
JAN.
Closing Range (tales) in \%^l.
MiSCEL. BOKDS. Inter'si Price
Highest,
Period.' Dec. 11
Lowest.
.
O. 8. W., l8t. g., 4>aB...1990
Mon. Riv., Ist g., g. 59
1919
Railroad Bonds.
*
is
AND SINCE
11,
Kash. Ch. ASt.L.— 1st, 79.1913
1928
Con.,5g
N.Y. Central— Extend., 58.1893
190a
Ist, coupon,78
Debeu..53.coup., 1884.. 1904
N. Y. A Harlem— 7s, reg... 1900
N. Y. Chic A St. L.—1 g. .1937
1906
N. Y. Elevated— 78
N. Y. Lack. A W.— 1st, 68..1921
SECURITIES.
Ask.
B.
(Block Exehange Prices.)
_OOBS. mort.gon. 5b
RAJUtOAS AND
Highest.
84% Dee.
G6% Sept.
84%
AN
A 108 b,
limb,
A
&
114'a
M AM 102
73'8
J A J
J A
75
F &A* 10412b.
J A
124%
M A N 100
F A A 90 b.
M A N 6S a.
J A V 110 b,
A A O *119 b,
M AM 95
M A N 95
Min. Div..Cs....l91i
iBt.Ch.APac.W.Div., 58.1921
in 1891.
(sales)
J'riee
Inter' sl\
At;.Top.&S.F.-100-yr.,4g.l989 J A J
19»9 Sept.
100-year income, 5g
Atl. A Pac—W.D. inc., 68.1910
1937 J A J
Guaranteed, 4 p
O
Brookl'n Elevat'd 1st, 6, g. 1924
190& .1 * .1
59
guar.,
South.—
l8t
Can.
A
H
191^
2d, 5s
Central ot N. J.— Cons. 78 1 899 Q-J
N
1902
Ccnsol., 79
General mortgage, 5 K..198/ .T A .1
,
Cloifng
(VOL. LIII.
115
IOOI9
102
80
79
72
90
85
72'a
.
DUCKUBER
THE CHRONICLE.
1?, 1H9I.]
NEWr
Bid.
A»k.
BECDRrriEa.
Oanirul t'uotlla— U«1<1 bds.Oa, IStlS 107 '«
Oolil bondn. Its
18!)0 108 •«
Gold lioiiUa, On
1H1I7 110
Bid.
ABnu Ant.-UI.Os.iniO
A 8. A.— '.>d inort.. 7» 1006
Har.
Gal. II.
West. Dlv., 2d Op
iii>. 80. A Flft.— l»t,g.
lOU
liKH)
lis
'lUl.
.
1031
'
N.
(
117>«
>,
..
:
SiuUiMif fund,
&
Burltnu.
Olllo.
A Q.—58, 8. f..l00l
ci)nvonil)lo
fts,
106
ioii"
lOi
lat, eunaol,,
A Miun'-istos .aOll
Ind.-lst,
\V.
8. f.,
Ueueral inortsaKe. Ga
<»° Hain&O.-Con.s.f.,
2d.K0ld.4i3g
;
On.
12S
123
124
I. St.
103
2d
95:(l
75
55
90
OS
ne— 1st. extended, 78
i'0'2'
78
.1900 112
1 930
102
03
1897 113
116
114
2d, extended, 53
1919 114>4
8d, extended, 4183
1923 100 Hi
4th, exleuded,5.s
1020 1101*
6th, extended. 4.3
ill 928 100 14 lUl
Ist, cons., fd. coup., 78
1920
Reorg., 1st lien, Oa
1008i*107'»
1016*132 135
g.JJ. V. AK.— 1st, 78
N. Y. li. K. A W.— Col. tr.,68.1032
Funded coup., 58
1069
91>s
Income. Os
1977 »2'ii
K8
W.-Mmtg. 08!;;;i908
53 ....1909
OoalAKU.— Os......
1922
•vans. *T.U.— lst,oon«.,68..1921
Ml.
\emou— IstOs
103'
liii'
So
1923
106
A R. G.— let g., 58. .1928* 72 ^
price Friday; tbeae
Mi
,M. s. f.,g.,
b»
do.
Ineoine.
93
1901I
A Char.— 1st, pref.
101
1
Rio Or. Jiinct.,lat.guac.,g.,.5s.l03H
St. Jos. A Gr. (».— -.M inc.
1025
Kan. C. A IJ-naha- Ist, a.-i. 1027
St. L. A. A r.U-2d m.lne.7s.l80»
Dividend bonds
A
Bellcv.
Bellev.
116
•13H
102 >4
180
50 If
110
So. 111.- 1st, 88. .1800
ACar.— I«t,6s
1023
St.
IxiulsBo.— 1st, r
do
2d inr
'
::
107
98
117
100
34
84
63
77
(,-.
Kan. City
Ft. 8.
A V.
AS.- Ist.
i^s,
73
•--•••
•-••••
g...l916
90
n. Bg. -1st, 03. ..191(1
»S
Paul A Duluth— l3t,5a....l031 IOC
si'
2d mortgage 5s.
1017 •1011*
loo's Bt Paul MI0U i M.— 1st, 78.. 1009
•"—
2dmort.,6a
1900 •iii"
Minueap. Union— lat, 68
1922 112',
Mont CVn.— 1st, guar., 6a.. 1037 114 113
lat guar. g. 5s
1037
..
East Minn., 1st dlv. 1st 5s. 1908
Ban Fran. A N. P.— 1st. g., .53.1010
»»
105
Sbcnaii.Val.— Ist78. g. tr.reo.1009 ...... •••*••
100
Geu. Os.g., tr. leo. a88i'd...ig2l
South Carolina-2d. Os
1931
100
So. Poc. Coast— 1st, guar.,48.1937
82 iTexaa Central— Ist, a. t., 78. ..1909
1011
l3t mortgage, 78
.Texas ANow Orleans— lst,7s. 1905
Babtno Division, Ist. lis..
Tex. & Pac., E. Dlv.— lat, o ^.10O5
Memphis A Charl.—68, gold.. 1924
ido" iTWrd Avenue (N.Y).— Ist 5s, 103
Isteon. Tenn lien. 7a
1M15 120
191
iToL A. A. 4 Cad.—Os
Mexican National— Ist, g., 68.1927 92
1019
,Tol. A. A. A Mt PI.—68
42 's Tol. A A 4 N. M.— 58. g.
2d, income, 03, "A"
1917 40
1 040
10
12 -s Union PooUlc— lst68
2d, income, O3, "B"
1917
189o
Michigan Central—6s
lOOi) 110
120
Ist, 6s
1897
Coupon, 5s
1031 112'4 114
lat, 6s
1809
111%
Mortgage 43
1040
Collateral Trust, Os
190s
190'
Mil. L. S.AW.— ;onv. deb., 58.100' 100
Collateral Trust, 63
1^94
1024 119
Gold. <)8, ool. tr. LOtes
Mich. Div., Ist, Os
1805
Ashland Division— Ist, Os ..1025 118 no
O. Br. U. P.— F. c, 7a
loo's
Incomes
Atoh. Col. A Pae.— Isl, 6s... 1005
102'
113
Minn. A St. L.— Ist, g. 7»
Atch. J. Co. A W.— Ist, 63... 1005
U.P. Liu. A CoL— lstg..5s. 10
Iowa £xt-:nsion, 1st, 7s
1900 113 113%
Oreg.S.Ij.AU.N.,col.tr3t,58.10I0
2dmortg., 73
1891
701a
lOOs
Southwest Ext.— Ist, 7a
1910 105
Utah A North.— lat, 73
95
1020
Gold, 58
Pacillc lixt.— Ist, Os
1921
Impr. A equipment. Os
1922 65
Utah Southern—Gen., 7a ..100l<
1900
Exton., 1st, 7s
Minn. A Pac.— 1st mortg., 58.1036
Con. Os. 1 92
VaUey B'y Co. of
Minn.S.Ste. M. A Atl.— let. 58. 1026
109
Mlnn.8t.P.AS.S..«—lstc.g. 48.1938 "ei"
Wabash— Dob. M., series "A". 1030
180.'.
Mo. Missouri— Ist, 7^
Mo.K.AT.— K.C.AP., I8t.48,g.l090 73
74
88
8UL.K.C.AN.— R.E.ARK.7S. 1805
90
Dal. A Waco— lat, 58, gu.... 1940
107
BtCharlea Br'go— 1 st.Os. 1 0090
Missouri I'acillo —Trust 5s... 1917
1920
7878
Va. C. 4 Pltti>.— I5t,0a.l0ll
5s,
We«t
coU
let
g
Whecl.AL.E.— Ist. 5.«, gold. ..1020
8l.I..AI..M.-Ark.Br., 1st. 78.1895 103 >« 104
103
19J0
Exien.-ion A Imp, g.. .^a.
Mobile A Ohio— 1st ext., 08...1927 111
113>s
.ntscellitneou* UunUa
1931
St. L. A Cairo—4s, guar
Amer. <!ot011 Ueb.. g.. 8s...l000 105 >< 100%
112
Morgan's La. A T.— Ist, O3. .1920
Amcr. Water Work*- let Oa.. 190'
1018 12218 125
1st, 73
1007
L.—
2d.
08..1901
A
St.
lat cons. 59. g
110
Nash. Chat.
Cahaba Coal .Mln.— 1st g. 73..10O7 lOd
New Orlcana A Gulf— Ist, 68 .1026
Yds.
—Col.ug.Ss.
1915
CWcJun.AS.
E.—
Pr.
I.,
6a..
No.
1015
g.,
N. O. A.
1019
1905 * OS's luOV Colorado Fuel— Hen. Oa
N. Y. Cent.— Deb. g. 43
OoL 4 Hock. Coal A I.—03,g.. 1017 95
N. J. June— Guar. Ist, 43. ..1080
BeeohCrcok—l3t, gold. 43. .1936 Oil's 97' Coosol'u Coal— ('^invert 0<...1S07 •103 >a
Cons Gas Co.. CUie.-lst gu.5s.1936 80
B.W.AOg. -Con. let ext. 58.1022 110
Deny. C. Wat Wka.—Geu.g. 5s.l91u
N. Y. N. H. A H.- Ist, reg. 4a. 1003 *105
lal g. 41.1938
DetUu.IX-potAStn—
1st,
58.1927
101
g..
N. Y. & Northern—
Edison Elec. III. Cki.— lat 6a. 1910
1927
60
2d, 48
A
F.—
latUa.
1905
EqultahleG.
2d,
4188.1937
77 "s
N. Y. Busq. A West—
Henderson Bridge— lat (.68.1931
19-10
83 >4
Oen. mort., 5s, g
g.
5a
I9l0
Land
4
Imp.—
Hoboken
scrip
ext. 100 1....
103
Nortli'n Paclilc—Divurd
Ja iiesKlver Val.— Ist. (;8...1936 106>s ... 'MutUitl Uniiiii IVleg'n—Os. g.luil
.Mfg.—
1st.
0«.10JO
Starch
'Nuttuti'i
Pal.-^lsl,
Os
1030
103
07 ••
Bpjkane A
116Hi'll7Si N.Y. APorry CAl.— lat g. 08,11^20
St. Paul A N. P.—Gen., Os..l9'23
NorthweatcrnTolcgropJi— 7., lytH 'lu3ia
ICO
HclenaAUedM'n— l9t,g.,0s.l937
People's Gas 4 Cdk«( IstK.as,lP<>4 * 03
DalutliAJIaultoba— l8t,g.09l930 105
('2dg.6*,1901
Co., Chicago
1U5
DuLAMau Dak.Dlv.— l3tUs.l937
l»lu
Peoria Water Co.—Os. g.
110
Cceur d' Alone— 1st, Os, gold 101 •
Coal—
lal
g. «a.l02«>
Valley
Plejs.
1938;'
103
101
Oen. l8l..g..03
Proctor A Oamble— lat, K., Os.l :>4U
'
Ceut.Washlngion— l8t,g..0«.1938|
West Uulou Tot.— 7*... l375-19uO
Norloik&WesU—General, 08.1031 118
VnlUMd H»M4m.
1032 111
New River, 1st, 6s
Ala.4yiaka.-Cun»oT5x..l021.A4i
90
IO34I 108
**M
Imp. A Ext., 08
2d IL. Income till '04. 1U2 1.. A.\;i
10241
Adiustment M., 7»
0.«.
102
1 A A< >
Ut
.Mcrld..
4
Vleks.
1008|
Enulpiaeut, 5a.
Atlanta 4 Cliarl.- 1 >t 7s. 1 907.J .U
1057: 05
CliniU Val. I8l6i
77 '4 77's Com.stookTun.— tuv.4a, lOlU.M.ii .\
Scioto Val. A N. E.— l»t.4«..19!IO
J \J
Georgia Pao.-lal Oa. 1922.
Ohio A MI.S3— 2d ouusol. 78...19lli 11T»«
...AAO
t'ouaol. 5 g , 19'23
1905 loo
Spilng.Div.— Iel7»
Income 5s
1032]
General 5s.
1086,
05>t LltUeU.4Mem.- lat5K.iW37.M4d[
Ohio Klver RR.— lit. 58.
M«u».4Caarl. - CoD».7g..t015«l4J
IM7I
IHI
Oen. g..53
St.
.
I
I
.
I
I
55
103%
81
•
I
AShawt.-lai
:
;j •
Bt, Lou AS.Fran.— Equip., 7s.ln95 •100
General 5s
1031
05
1st, trust, gold. 5s
1087 • 75
Car.
103\
110
CUl.Sf.L.APad.-l.Ht,L-(l.L-..-,^iii7
>
A P. Marq.— Mort.,68...1020 117
Isteon. gold, ds
1939 99 iiio'
Port Huron-lBt. ds
1939 • 9j-% loo's
»!». <;en .. Pen.— Ist g. 58.. ..1918 * 0^'« a'j
*
A
Equip.
Atl.
.
Flint
Worth
Rich.
00
1910
Daiiv.—Del>en turn 03. 1927
1
i'lB"
Sul. Co. Hrauch— Ist, g., 58. 1930
vans. A Indian.— 1st, cons. .1926
IfX
'
I
A
S.
JettL-r.soii— ist, gu. g.
:.
.
'
Bulf.
v.— IV
. .
140<4
l8t Bit., gold. 53
!I."l937
JEq.Aliiip.,g.,59
1938
Moliile A Birm.— l8t, g., 53.. 1937
Alabama Central— Ist Os... 1018
106s
110 till*
::
."d B.
K.— 1st, .'«... ltd <
'ent. l8t,68,g. inir
Pitt
Pri--
971*
.t
INIO
. .
* '.li'd. Can.— Coupon 78,1894 108»6 108'8
142
1917
Albany &8usq.— Ist, gu.,78. 1900 ISO's 128 Hi
l8t, cons., guar., Os
1900 120 121
78..
K
'o.. \
,
,
•divisional
Va. A Ga.-llt,
PItt.i. .\|r.
I
Tol.-l
—
A
*l
pref. eo;ivert
-f.'on.f
Pitts. Clevu. .W
Pitts.
I,. Er.
loi'e 10138
1927 "lo
niorts., ino
Iu.fl
:id
C—
o"
Pa.
Div., coup., 7g
Sai-.— Ist. coup., 7s. 1021
2'l
91
114?
*....^
Phi'
Pitt-
1
V.rerm.-lst gu 58.g.l94i 105
Car.A West.- IstOs. g.l916
iii
i-<i»7,
I80k]
.
19-)0
a G.-luip.,g., 53... 1928
Teiin.
.
8nilthtownAPI.Jctr.— l3t.7B 1901 •105
Louis. Evans. A St. I,.— Con..58.1930
83 «
I.,oui3. A .Na,3h.— Cecil. Br. 7a. 1907 •108 la
Pcnsacnla Division, 63
1920 104
St. Louis Division, let, GS...1921 113
2d, 3s
1080 61
Naahv. A Decatur— 1st, 7s.. 1000 114
8. f.,6s.— S. A N. Ala
1910 too
1040. gold, 63
1924 100
50 year 53. g.,
10371 loo's
Pens. A At.- Ist, Os, gold.. .1021 107
Collat. trust, 58, g
103l! loo's
Nash. Flor. AS. Ist gu. 5s.,1937
Lou.N.Alb.ACh.—Gen.m.g.58.1940 "so
Lou. N. O. A Tex.— l8t, 4a.... 1034
2d mort.. 53
1034 7. ...
Louis. St. L. A Tox.— 2d g. 68. .1917
Manhattan R;.— Cons. 48
1990
8t.Lon.I)iv— istcol.ts't-ls.e.lOOO
86"
SP,",''^**;'o'-Wv.-l3t.g. 4s. 1940
)Vhite\V.Val.Div.-l8t,g.4s. 1910
an.Sun.ACl -Cou.l8t.g.5s, 1928 105
OI.C0I. Cin A Ind.-l8t, 73,8./.1800 112
Consol. sink, fund, 7s...
1914
Oleve. A MaU. V.-«oKl, 5s.. .1938 109
Oo orado Midland-lst, p., 0s.l93« 107»s
OoliimbiaAGrcen.-l8t,b3.. 1916
2d, bs
1926
Del. Lack. A W.—CouyeVtV78,1892 101
lOli*
Mortgiige 7s
1907 *130
Byra. Jiiiig. a N. Y.-lst, 78.1000 •127T8
'^"'^"^^Emex—lat, 78.. ..1914 137I4
Bonda.Ts
1900 "115
78of i87i...:::::::;::::::i9Si 122
1915 •134 137
.«
i'^V?"!;- <?"»•. 78
A
1051 •iii
92
1951
'
01
Pen,
112'»
Ill's
Gold. 5». ooupun
Meiup Oiv.,l8tg. 4s
78
Kll
1:
t,.V.AT. II.—l«l,Ha.
2d, 7a.
2d. i^iiiir., 7t« ....
"-J
2d, 68
l.ltchf.
1037
A
85
Long Island— Ist, 7s
1898 •I'U
N. Y. A U'way U.— Ist.g. 58.1927
A Mae.-lst|p.i53!l936
.ColL-Eq. & 2d 68.1930 ....
VlV^h^K^
aC.C. & St. L., Cairo dlv.— 4s, 19301* 85
Kens.
70
70
lOftif
1)0 '«
inn
'.
Br.
fiiii
107
A«».
3d.7«
60
1897 lli>«
1907
I.«high
lOaH)
108
8.1905 120
D«nTcr Ciry Cable-lst, 0s...l9O8
lyjl
. .
Loblj;hV.,N.Y.— Istgu.g.4'-2a.l040
Jack.
Deny.
•
;
BM.
Cley. A P.— iV)n».,«. Id.,
4tb,8lnk.rnnd
38^
Lake Shore— Dlv. bonds, 78. 1899 115
Mahon'g Coal RR. -Ist, 5a. 1934 109
Kal. All. A G. R.— Ist gu. 53.1938
12.i
1204| 122
121 lai-s
I..A Cliie.-lat,g.,48'.1936
83
OMH
•
•
i
1
03.1019
1932
Consol,68
an.
1»3
A a O.— 2d Div., 7s ...1804 '100 >«
Ced. Falls AMlnn.— 1st. 7r.. 1907
92<t'
Ind. D. A Spr.— 1st 78, ex. cp.lOOO idf
Inter. A Gt. Nor.—Coup. 0S...19O9 • 72
Kanawha A Micli.— Mort. 4s. 1090 70
74
Kan. C.Wyan. A N.W.— St. 5a 038
L. 8I1. A M. 80.— C. P. A A. -7s. 1892 ioi'
Buff. A Kr.— New boud.i, 78.1898 I14>s
Dut. M. A r.-lst, 73
1900 125
120
PA
O^c. A
85
37
Dub.
Will. A St. P.-ad. 7s
1907
Mil. A .Mad.— Ist, Os
1005
Ott. C. F. A St. P.-l8t,53..10O0
Ohio. St. P.
g.
Oiv.—Coup.. Os. .1808
Middle Dlv.— Reg., 5.1
1021
C. St. L. A N. O.-Ton. 1., 78.1897
lao. conv. sink, fund, .53. ...1010
Dakoia A Gt. Soulli.. .5s.. ..1010 i'(>6>s
Oiic.AK.W.— 30 year deb. 5s. lOJl 10.1i» 105
-fcRcauaha A L. S. 1st, Os....lOOI 107
pes JVI. A Minn.— 1st, 78. ...1907
Iowa .Midland— Istj 8a
1900 126'
Pjnnisula- 1st, oonv., 7s...l89a 120
Chic. A Milwaukee— 1st, 7s. 1898 110
123
115
104
1010 103
^^"JH"^"' III— Ist. 5s
*'-S\,^^--3<^i<'aTdct>. 58.. .1921
D. M. AF. D.. l8t43
1005
yt; -"*.''
1905
Eiteu3lOD, 4s
1905
M.-lst,
93
58.. 1023
n5''°S."''„*,^"'
owe.
St.
Kan. City-5s..l036
Minn. A N. W.— 1st <r 5s lO'U
A iM
A Im
8i)rlii'.tf.
104
92 Hi 95
85
96
119
122 121
6inklnsfund,48
1010
PLiin. Is
1921
Ohic & Indiana Coal— 1st 5s. 1036
Oil Mil. A St.P.— l3t,Ss,P.D.180S
2d. 7 3-lOs, P. D
ISOS
let, 78. .f K., R.U
1902
l8t. I,a (Jrosse Division, 7s. 1803 i22'
1st, I. .t M., 78
1807 122
let, I. & n., 78
1800 122
Ist.C. AM., 73
1003 12^
l8t, I. A D. K.'ctcn.-ilon, 7s... 1008 127
let, Lii c. A Day., 5s
1010 101
1st, U. A D.,7s
1010 12J
1". "•*."•• 5»
1010 101
Cbicaeo A PaclUo Div., Os-.IOIO 115
Miuer.il Point Div. 3s
1010 102 >9
C. A I,. Sup. Dlv., 53
102
lOLil
F.>rjfo A Soiitli., O.s, Assu...l024 110
I'.ljr:
1912
mei
g. 4a.(lnt. gtd)
Debent. 4». firin.
Illinois Central— Ist,
1st, gold. 3'a3
llO>a
li)03
58. .1010
Iowa niv.—Sink, fund,
105
105
105
"ii"
iVs"
103^ ids"
,,
Delient. Os, priu.
119
„2'1. Ts
00
HO
tdii^
.
l8tg.,&8(lnt. gill
Cons. g. 08 (Int. gtd)
Gen.
n8>i
(t»
1003
Mo. Ulvcr— Ist, 78.iyiK)
1000
Bt. L. Jiukii. &<;ble.— l8t,76.180t
Ist, i,-ii«r. (.501), 7a
1804
Miss. K. Hi-|it.,'B— l.st, 8. f., Os.l 012
CJOlo. Hurl, i N'or.— Deb. Gs... 1801)
IrtJuis.
.«2
106
(
BKCtJRITIKS.
Omg. RtANhv.- rnl.tr. (..5<Mi
I03'4
Haven A
Hous. AT.
II.
07>f Ponn.Rll.-P.(;.4H.L.-l»t,e.,
PItfa. Ft. W. * 0.-l8t, 73d, 7«
.
lis
'
llKJs
;">.»
A O.— Piir. M. fund, tis.mgii no
Of. K-oid, series A
lOOH 114
Oh-.
.t Bo. \V(wt.— 2d, 6s..l!in
OlH
A Alton— l9t, 7»
1803 105>t
Ohet.
Aak.
ion
1927
Mori. >r"1il Hf
11)1!»
100
Grand Ran. .fc Ind.—Gen. .'Vs.. 1921
Laiul i:r:U!t. 53. B
1000 09>fll01i« Green It. W. A St. P.— IstOs .1911
Worn. I';u'itlc— Bouda,6s
l.HOO 100
2d ineome. nil nub', ivill
No. Kallwiiy (Cul.)— l8t, 0S.X9O7
HniisaUMile
.•iO.vcur
675
YORK STOCK EXCHANQB rRlCEa.-ItfAOTIfrB BOSDS-rOmtUutdJ^BOtMBBB
8ECURrTIES.
Bull Joiuiiilii Br.,
11
Uie UwitJ^ooianona
I
m*d« UtU WMk.
.
..
..
..
.
..
...
4
1
THE CHRONICLE.
876
Eammg$
Latest
%nmstmtnt
Roads.
Lin.
LVoi..
Mo
Weeic or
Reported.
1891.
Jan. 1
1890.
to Latttt Dot*.
1891.
1890.
AND
7%e IiTfBSTOKa' Supplement, a pamphlet of 150 pages
—
,
Cheonicle at 50 cents each, and to others it
per copy.
The General Quotations of Stocks and Bonds, occupying
lix pages of the Chronicle, are published on the third
Saturday of each month.
teribers of the
|1
RAILROAD EARNINGS.
Jan. 1
to
Lateit Date
G«o. Bo.
AFIa November.
Georget'nAWn August
60.512
2,930
Gr.Rap. AInd.. •IthwkNov
53,3(11
Cin.R.AFt. W. 4th wk Nov
Other lines. .. 4thwk Nov
9,663
4,669
67.692
<
tontains extended tables of the Stocks and Bonds of Railroads, and other Companies, with remarks and statistics coneeming the income, financial status, etc., of each Company.
Bis published on the last Saturday of every other month
January, March, May, July, September and November,
pte.
and is furnished without extra charge to all regular subleribers of the Chkoniclk. Extra copies are sold to sub-
$
Total
all lines.
4th wk Nov
Wk Dec. 5
Grand Trunk. ..
Chic AGr.Tr. Wk Nov.28
396,5.'i0
$
69,736
681.450
660.406
3.103
27,913
26.403
54.855 2,208,706 2.422,287
10.713
412.123
432,698
5,023
205,367
200.946
70,590 2.824. 1!'6 3.055.931
371.082 18.232.05 18,754,694
75, .13
3.360. J":
3,436,790
20,496 1,09), 665 1.032,418
78.275
Det.Gr.H AM. Wk Nov.'JS
21,382
Great North'n St. P. M. & M. November.
.583,116 1,376,630
East, of Minn. ."November
185,655
64,849
MontanaCent. November. 111,725 115.3e3
Tot. system. Novcmber.'l 886,49.1 1,556.842
Gulf A Chicago. November.
5.572
5,138
Hou.satonic
Septemli'r.
148,429 151,339
Huraest'nAShen November.
15..=>00
15.970
Hutch ASouth' II November.
9.856
4,728
lUinoisCentr'l.. November. ,694,339 1,616,051
Ind.Dec.&Quin. November.
3S.258
39,487
In.&Gt.Norlh'n 4thwK Nov 130,fi6S 122,402
422.402
064,16
170.332
656.89t^
37.H86
153. 14J
155,904
9.160,972
626,081
1 024,668
10,811,714
39,304
1,167.027
152,599
1,856,679 15,223,351
430.16n
411,560
.651.683 3,629.492
42.771
35,817
,615. •<22 1,533,084
2,775
3,124
31.369
33,858
Pk'nv.T.AK.W. October
55,462
39,714
621.294
484,935
Kanawha&Mieli 4thwk Nov
7,437
8,862
298,291
307,208
Kan.C.Cl.ASp. 4thwk Nov
5,457
11,007
283,884
399,516
K.C.F.8. AMem. 4thwkNov
117,H57 101,399
.349,955 4.410,902
K.C.Mem. A Bir. 4thwk Nov
33,390
41,112
,086.0,5'!
1,099,021
Keokuk A West. 4thwk Nov
9,763
9,679
372,472
337,926
L. Erie All. A So October..
7.775
6.613
61.719
57,037
L. Erie A West
4thwk Nov
78.003
72,715
,950,98- 2,787,573
Lehich A Hud.. November.
28.719
28 931
376,103
334,113
L. Rock A Mem 4thwk Nov
22,291
18,507
643.571
533,532
Long Island
let wkDec
76,807
76,443
,926,334 3,769,936
Louis.AMo.Kiv Soptera 'r.
60,922
38.119
346.928
303,634
Louls.Ev.ASt.L. 4thwk .Vov
35.664
I,1H9,209
27,88;i
,426,21
Loulsv.ANashv. 4thwk Nov 509,895 486,5 i6
,441.10'- 17,509,384
Louls.N. AACh. 4th wk Nov
61.426
68.051
.627.6:
2,422,422
Louisv.N.O.AT. 1 at WkDec
92,109
,507,50.=
85,528
2,775,213
L«u.8t,L.ATex. 1st wk Deo
10,016
6,394
432,941
368.357
Lvuchu.&Dur'nj November.
11,996
13,751
152,056
100.787
Memphis A Chas 3d Wit Xov
40,064
44.373
421,886 1.629.976
tMexioanCent,.. 4thwk Nov 180,557
177.856
703,33b 5.788,686
IMex. National 4thwkNov 111,439
94.770
,838,187 3.397.031
(Mexican R'wa.v WkNov.aS
66.000
79.247
,666,062 3,738,475
I.L.Sh.AWesI 1st wk Dec
54,539
50,529
,333.6i7 3.639.714
Milwaukee ANi) 1st wk Dec
32.617
31.346
,633.719 1,471,361
Mineral Range.. November.
13.400
114.092
10,639
134,102
Jliuneap. ASt.L. November.
192.801
155,500
664,096 1,376,570
M.St.P. AS.8.M. November.
292.339 197,357
,291,875 l.ti51,260
Mo.Kan.&Te.x.6 Ist WkDec 209,194 202,837
,795,278 8.303,565
Mo.Pac.AIronM Ist wk Deo 505,000 508,200
851,v^26 23,588,712
Mobile A Birm.. 3 wks Oct.
21,624
22,96:'
202,156
212,705
Mobile A Ohio
November. 326,717 313,652
,164.265 3,095,297
MontereyAM.G November.
74.429
371,220
61,464
796,892
Nash.Ch.AStL.o October
491.980 352.065
,864,051 3,108,605
N.JerseyAN.Y. October...
28.398
220.312
24,285
245,389
New Orl. A So'u November.
16.290
138,373
19.117
154.1.52
N. Y. C.A H. R.c November. .040,988 3,399,592
,213,082 36.816,469
N. Y. L. E. A W October
,895.289 2,712,737
,381,190 24.309,639
N. Y. Pa. A Ohio -eptemb'r.
678,.529
211,24s 5.416,128
674,754
N. Y.AN.Eng.. October
579,318 578,918
,199,248 5,039,633
N. Y. ANorth'B. November.
41,099
474,551
36,696
473,709
N. Y. Out. AW.. 1st wk Dec
54.912
46,361
,862,754 2,290,968
N.Y. Susq.AW.. October
159,151
163,228
377,701 1,316,916
Norfolk AWest.. Ist WkDec 196,424 180,889
•509,816 7,985,255
N'theast'n(8. 0.1 August
36.788
468,583
501,272
42,334
North'ii Central. October
651.679 590,386
631,503 5,589,196
Northern Pacitti Ist WkDec 527,159 571,96
634,821 22,693,439
No.Pac.AW.C. Ist wk Dec 626,024 675,875
412,797 27,627,000
70.3.57
Ohio A Miss
tthwk Nov
68,363
844,740 3,809,433
River
623,322
Ohio
4thwk Nov
15,525
14,111
648,364
Ohio Southern.. IthwkNov
13,695
496,898
528,077
13,304
L..
A
St.
Omaha
49,344
511,016
October
55,593
399,877
Oregon Imp. Co. October
466,856 422.<}74
,547,817 3,782,671
Peunsvivaula .. October... ,40!i,160 6,192,901
,935,285 55,237,072
Peoria Dec. AEv. 4thwk Nov
721,546
19,1.M
18,026
801,707
Petersburg
448,928
October
40,451
40,855
439,800
Piiila. A Erie... October
550,115 508.009
,353,173 4,317,486
.217,33b 17,383,758
Phila. A Read'g October...
246,919 2.123,831
CaalAIrou(/'o. October... 2, 673,133 2.151.900
,285,414 15,5«5,707
TotalbothCos., October... 4, 920,0r.2 4,275,731
,502,749 32,969,465
Pitts. Mar. A Ch. November.
3,:U3
34,171
40,917
3,046
Pitt.8hcn.AL.E. Ocliober
35.2 >4t
218,826
277,364
24,588
Pittsl). A Wcsl'ii Hoptemb'r.
147,58.)
,008.8*^7 1,091,433
133,431
351.963
Pitts.Ulev.AT. Septcmb'r.
50.382
359..586
39.115
211.191
Pitt!».Paui.AF. «eptcuib'r.
30,100
23.676
231.343
Total systcni ist wkDeo
42.198
34,989
,120,454 2.108.243
Pitt.Youug.AA. October...
140,0<.8
109,935
.071,302 1,172,5,80
207,727
24>,133
25,518
22,305
Pt. Royal A AUK. August
251.067
Pt.Uoj.AW.C.il-. August
20,476
31,111
262,669
123,507
Pi-c.s.AAviz.l_eu. November.
13,21)0
129,877
14,763
230,549
OuiucyO.AK.C. Xovomber.
22,9)3
21,375
238,499
Ricb.ADauville. November.
530,000 542.100
,502,000 5,251,500
Vir. Midland.. November.
180,700 205,00"
,'79,215 2,090,780
671.745
Char.Col.AAu. November.
884,348
86,200
93,000
786,700
Greeuv.
Novimiber.
769,519
Col. A
83,600
89,000
891,185
West. No. Car. November.
91,300
963,048
90,570
Georgia Pac
November. 219,700 165.350
,844.070 1,705.575
137,327
13,220
1.50,440
Wash.O.A W.. November.
12,100
137,483
14,300
Ashv. &8pa.~'. November.
150,302
1 4,500
Total Sys'm. November. ,219,020 1,211,620 12 ,498,146 12,036,785
281,715
277,897
Rich. A Petersl). Octobei...
27,681
26,285
BloGr'deSouth. Ist wkDec
291,537
8,789
Bio Gr. West.
1st wkDec
38,500
,414,209 1,774,192
36,206
611.783
Rome W. A Ogd. November. 317.609 300.011
,652 6-'
94.964
Sag.Tuscoia&H. November.
8.52-J
100.689
8.838
8t.L.AAT.U.B's 4th wk Nov
36,530
,293,101 1,207,209
30,500
St.L.8outhw'ru. 1st wk Dee
,111,081 3,774.600
115,500 101,600
,687,dl5 1,378,794
8t, I'aulADul'th November.
199.907
142,303
S.Aiit.&Ar.PasB. 4thvvkOct.
45,94 1
54 158
741,676
27.02.'
816.617
21.756
B. Fran.AN.Pao 4th wk Nov
353,642
457,308
8av. Am. AMon. November.
41,029
46.667
146.009
Seattle L. 8. A E. 4th wk May
144,7,55
13,158
10.150!
77.210
Silverton
October.
17.3911
11,001
104,281
283,647
302, -lOl
Sioux City A No. November.
38,000
34,619
oath Carolina November. 142,800 142,115 1.,533,386 1,406,208
Iowa
Central...
Iron Rail wav
. .
4thwk Nov
November.
.
BOADS.
AlabamaMldl'o.
Allegliens' Vai..
At»ii.T.&8.Fe..
Half owned
...
Total system.
8t L.&SanF..
Half owned..
Tot.8.L.&S.F.
Agp. total
.
AtlantaikChar.''
.
tlanta&Flor'a
Atlanta AW.Pt.
M
B.&O.EastLines
West«m Lines
Total
Bal.&0.8out1iw.'
Bait. * PoKiin.i.p
Bath&Ham'nda
Blr.
& Atlantic.
Blr.Sh.&Tenn.H
Bolt Koch. A Pitt
.
Bor.C.Rap.&N.
Oamden &
. .
Atl.
|
OanadianPaoitlc
Op.F*r&Yad.Val
Car.Cum.G&Cli.
. .
Car. Midland...!
Btt.Co
Central of N. J .
Central Paciflc.
Central of 8. C.
Ohar.Cln. <&Ohlc,
Oharlest'n & 8av
Oen.KR.&
Ohar.Bum.&No.l
Ohatt'n'gaUni'u
Oheraw. ADarl.'
Cheraw.&Salisb'
Ohes. AOhlo....!
Ohes.O. & 8. W.
Chic. & Alton.
Ohio. Bun. & q.'
Ohlo.<& East. Ill
Chicago* Erie.'
.
.
I
Ohlc.Mil.&St.P.!
Ohio.
AN'thWu.'
Ohlc.Peo.&S.L.I
Chic. R'k I.<k P.a
Chlo.Sl.P.&K.C.
Ohlo.St.P.M.&O.;
Ohlc.&W.
Micti.
Oln.Ga. &Port,s.
OIn. Jack & Mac'
Otn.N. O. AT. p.'
Ala.Gt.SuutJi.l
N.Orl.
Ala
A
&N.
K.'
Viclc.Hlj.!
Vic«8.6h. &P,
Brian Ker Sj'si.
Olnn.Northw'ii.
Cln. Potts.
Col.
&
& V..I
Mavsv.i
Oln.Wab.AMich.
Olev.AkrouACoi'
Olev. & Canton..
Ca.Cin.Ch.JiS.l.
Pec,
&
Easfn.
Olev. & Marietta
Color. Midland..
Col. H. V. & Tol.
Ool.ShawueeAH
Oolusa ill Luke..
Conn. River
Curient River..
Denv. ARloOr.
I>es Moin. A No.
DeaM. AN'we.si
DetBay C.AAli<
Det.LaDs')(AlSi>
Duluthn.B.AAti
Dulutli
AWiuu.
B.Teun.Va.AGa.
ClginJol.iJi'East.
lIz.Lex.<Iili.H..
KTan«.AInd'llli^
T. u.
Brans V. A
ntohburg
Hliit.AP.Maio.
Florence
Hor. (Jenl.A p.
ft. W. A Rio «r
Sa. CarMa A No
Beorgia RR
,
.
.
.
.
. .
. .
. .
. .
. .
. .
'
j
.
;,
8j. Paciflc
Co.—
Gal.Har.AS.A. October...
,704,895 1,528.225
530,660 469,691
Louis'a West.. October
835,177
965.406
114,341
118,231
Morgan'sLAT. October... 602,382 556,192
,383.006 1.413,977
N.Y.T.AMex October .
177,348
187,699
32.8o3
25,674
Pex. A N. on October .
566,018
178,048 174,107
,357,872
Atlantlosys.rf. October... 1,49?,091 1,340,00.-.
651,002
,576,101
Paoltto aysteui Ootoi'cr
3,745,563 3,588,305 30,,971,106 29 73,028
Total of ail. October... 5.238,654 4.960.950 41 ,547,567 39 884,818
. .
.
.
.
.
I
....
.
obokmbkb
.
.
Lal§$t Samlnfft lUportHi.
RJAM
Jan.
Laiui OaM.
1 (o
4fA
WeekorUol
1891.
1800.
1891.
.
.
80. OlT. (Cal.) October...
Arizona 1)1 v.. October...
New Mex.
6par. Un. A
227,010
709.874
223.70.1
1.067,975
5,637,833
1,6^1.415
0,413.088
1,117.1.
199
102,SM
878,046
8iltl.tt13
Staten Ul. R. T. Heptonih'r.
11.358
I03.23lt
7.2 8 S
lOS.'J'tS
87.230!
831.3171
711.191
81(1,912
48.888
1.071.230
777.061
1.848.289
191.004
288.646
6,642,450
40.914
862.464
316.344
1.384.080
47.710
891,510
BtonrOl.ACMi..
8e|)tenib'r.
.
Lykeim Valley Ooiobe.r...
Co'K Octobnr...
Venn. MUlUnd.. Novemtwr.
Terre H. A l*oo Septenili'r
TtiaaA
Pacillo
1st
wkDeo
iBX-S.ValAN.W. 3«1 wk Nov
XOLA. A..AN M October...
Tol. Col. A CIn. Ut wkDiid
ZoLik Ohio Cent. 1st wk Deo
Ittl.
A
P.
124,481
87,31(1
811,777
22.000
34,571
104.852
l,13i
90.481
5.806
20.2.J7
UhwkNov
Went..
23.234
40.451
AK.C. 1st wk Deo
Ulster* Del.... Septemb'r.
Dnion Paoitle—
I!al.8t. L.
A U.N.
Septemh'r.
Or.Ry.AN.Co.
>3eptenib'r.
Or.
8. L.
nn.Pac.D.A(J. Heptomb'r.
atJo.AOMIsl. Sepiomb'r.,
0,315
132.462
01.151
22<.U12
24,189
37.955
637.737
617,521
574,44?
94.046
168,200
1.018
92.537
5,719
30,096
10,009
29,319
35,484
800,2 1
8.18,131
1.77'
.'i2
91,358
0508.694
U)ui«v. Evaosv. A 8t. L.
Louisville A Nashville
Albany A Chic.
tiOulsvtlie N. O. A Texas.
4.026,'236
4. 131. WO
3.314,820
Mexican National
OhioRlver
Dnlo Southern
Peoria Decatur AKvansv.
Hlob. A Danv. i8 roads)..
Sio Grande Western...
4,19:^.417
61B.3.'i4
.
it L.
H. urches
3t. Louis Southwestern...
Ban Fran. ANo. Pao....
r»iaa A PaclUo
Toledo Peoria A Western
Wabash
Western M. T.
A
9
Plttsb.
.
A Ohio
Oliloaeo A Kast. Illinois
Mil.
Ohloafo
A St. Paul..
Chlc.Peorla A st.Louis...
Chesapeake
.
Denver .« Kto Grande...
•Grand Trunk of Canada.
l,onK Island
Iiouisville N. O. A Texas.
liOUlsvlUe St. L. A Texas.
Milwaukee L. Sh. A » est.
MUwaukeo « Northern..
Mo. Kan.
Mo.
A Tex
Pacltic
New York
A
Norfolk
A Iron Mt.
Oat. A West.
.
47,733
424.000
158,759
70.300
726,533
24.848
147.800
41,357
335.000
147,068
89,500
596,362
39l>,.150
371,082
76,443
85.528
6.391
Period
6.3.'.7
5u5,O0O
51.912
508,01)0
38,3i>0
li:.,500
Paeitlc
Toledo Col.
Ciudnnatl.
A
A Kan.Clty.
164,852
5,80H
29.237
46,361
180.M89
571,967
34,989
35.200
101,000
Wlsoonsln Central
l>8,8«5
5,719
30.096
29.319
242,000
22.238
103,908
Total (28 roads)
4,591,320
4,314,275
Toledo
Toledo
A Ohio Central.
St.
.
I..
Wabash
Wlieelina;A Lake
Wet
'
Elrle...
10. £31
276,000
24,413
tncrease(6-42p.c.)..
For week ending December
the issue of
week of November.
%
Frev'ly report'd 2Croada)
A(.Top..t 8. P.syatom...
RoadsJ'tly owned "s..
•
Lou Is .5 S. t'ran
Roads i'tly owned
St.
*«.
Bait A Uiiio Soutiiwest'n
Buffalo Roch. A Pitts....
Cape Fear A Yadkin Val.
Chicn)ro A Grand Tiunk..
ChicaKO Peoria A St. L.
.
Chlcaxo
St. P. .t
K:in.
C.
Ohicavo A West .VliihUan
Olnoinnati Jack, .ti Maok.
01n.N.O. AT. Pfto. .1 roails)
1
1890.
«
5,157.374
872.869
4,813.702
4v»,(li8
47.001
2J1.136
46.285
196.703
48,775
05,418
66.480
10,220
78.275
28.568
124.388
34,955
11,836
378.131
81i).3ll
•••iv«
850
11,132
34.000
2.185
hfiia
02,758
11.6041
3,386
18..531
10.037)
30,8 )9|
494^
Sl.lOlj
1.5,376
311.'<82l
July
0,000
7,733
84
0.S98
3,784
"s.9m
1«,«80
1,414
••t
130
'ii'jiii
7,404
"Hjaio
16.800
0,366
18.637
4.328
04,662
•**>•
1,700
805.873
890,802
206,371
comparison of tbe weekly
re-
AKHIllaa.
1890
g
•
r.et.
I,44u.l66
602,389
173.311
1,432.281
054,031
293.mo7
2,.^33.7(i3
1.170.82U
lOl.O.'SS
1
to
to
Oot
Oot
Oct 1.39.1.63I
31...II.4(>'J.085
31... 8,355,094
FurlCo...Oct
to
to
Oct 31
Oct 31
.
S
74,077
605,694
254,043
2.458,434
1.75l,0<<3
Karninpt.1891.
1800.
-Jfel
*
30,205
162.022
9.5,917
707.304
•617.979
•
'20,034
240.978
91.623
727.306
S40.197
13,607;300 3.999.176 •3.5.M..'71
6,0 1.424 *1,928,58S *l,82i.'!3-2
18«.417
68.415
82,239
411.612
l,3-40,2.'2
411.105
2U3.171
030,212
217.016
1.30.5GO
80.035
68.88:1
84H.1KI7
1,314,183
460.421
9-27.360
576.934
273.112
240.023
63.172
79.793
461.6 10
2.0-10. li>6
6<2,510
I,o03,d69
377.304
317.221
120,610
3<J6.t68
126.817
3.480.821 1,0->1,728 1,01-1.183
1.52o.3(l8
017,288
513.213
4.V.120
62.282
37.800
560.r<77
246.331
30».»ao
31.558
31.193
51.514
801,113
130,863
332,073
508.0 >0
311.850
317,584
4,317,18d 1.615.8U 1,401.203
31,136
68,875
30.483
741.676
343,U38
316.734
313.118
170,733
409.»M
4 16.273
1.278.076
431,108
10,'»t2.t72 S.989.ie» 3.81:0. 136
4,7S-J,-20J 1.540.U6,* 1,478.002
11.197
16,«ai>
71.6:9
131.648
51.086
S7.in6
Net cnrn'nirs a« here given are after dedneUng t»xes.
Xaxod Qiit deducted.
Interest Chanrea and Snrplns.— The followinR roatU, tn
a Idition to their groas and net eamintrs given above, alK>
report charges for interest, Ac, with the surplua or defioil
above or below those cluirges.
^Inlti'i. rental; *r.— '-Bal. *f Xel Cknuu-.
-
••"
—4.481
293'
13,449l
9,641,609
iMoa
1,430
I
2.8MI
....^
19.009
207.821
84.300
"
*
110.633
2.490
63.094
9.927
75.431
93,6-19
Jan. 1
July 1
Whltebr'st
Jan. 1
I
53.7-iO
217..531
304
"•Mi
19.
•
WabashI
Dt trtut
62.5.J8
2.617i
18.026
286.070
87.000
3O.800
128.700
3I.7J6
$
3.517.008
1.587.592
81.314
588,661
07.484
409,151
Jan 1 to fept 30...
Erie.
PhUadelphla.<:
Oct 5.VM15
Jan. 1 to Oct 31... 4,353,173
70,809
Ban Fran. A N. Pac.'Nov.
816,017
Jan. 1 to Nov. 30 ..
450.7J9
July 1 to Nov. 30...
3,348
•
463,304
December
Jan. I to Oct 31...
July 1 to Oct 31...
Mllw. A Northern*.. .Oct
Jan. 1 to Oct 31...
July 1 to Oct. 31...
ir. T. Ont. A West'n'.Oct.
Jau. I to Oct 31...
July I to Oct 31...
Ohio A Mlssls.^tppi-.Oet
Jan. I to Oct 31...
Jnly 1 to Oct 31...
Ohio River I
Oct.
Jan. 1 to Oct 31...
8ept
Ohio Southern.
7.209
3.3O0
13,900
Incretm.
14.111
13,304
1891.
EUz. Lex. A B. 8. (..Sept
81,302
Jan. 1 to Sept 30...
878,063
Flint A Pere Marq.'Oct..
256.8f)e
Jan. 1 to Oct. 31... 2,427,719
Illinois Central*
Oct 1,93'J.H5
Jan. I to Oct 31... 13,162,340
Jnly 1 10 Oct. 31 .. 6,601,018
lowaCentrall
Oct 19.5.497
5.
1891.
809.890
61,436
1334108
111,459
10.530
13.698
18.151
340.S60
80.500
33.530
145.500
27.022
333.161
23.234
382,183
83,000
-Sross Baniingi.
1891.
1890.
Below we give tbe completed statement for fhe 4th week of
Novenober. It covers 88 ruads and shows Q-'ii per cent gain.
4f A
33.391
80,664
'
returns can be obtained, is given once a mouth In these
columns, and the latest statement of this kind will be found
in tlie Chronicle of November 21,
The next will appear in
44,808
360.803
377.015
400
A
10,535
87
iXik
l^
3.000
........
"x'jiiii
8,091,808 7,819,103
7-01
872.386
4th week of Sept. (89 roads). 10.751.648 10,008,281
7-43
74:1.397
Ist week of Oct (85 roads). 8.672.069 8.166.634
630
806.345
2d week of Oct (88 roads). 9,204.583 8.673.170
683
091.113
3d week of Oct (82 roads). 9,273.021 8.403.50U
871.512 10.3«
4th week of Oct (03 roads). 13.83-'.000 12.821,191 1,216.818
1st week of Nov. (86 roads). 8,922,176 8.203.122
719.054
2d week of Nov. (81 roads). 9,016,588 8,192,461
834.1-27 lOrOt
3d week of .Vov. (88 roads). 8,734,617 8,135,738
098.900
7-»a
4th week of Nov. (is roads). 10.241,111 9,041,109
••»
099,503
Ist week of Dec. (28 roads). 4,5;il.320 4,314,275
••49
377,040
Net Earnings Monthly to Latest Dates.—The table following shows the net earnings reported this week.
full
detailed statement, including all roads from which monthly
s.-ssi
169,'200
0.768
78.0(18
ineluded.
18,700
2iP-'.837
88.800
3d wrekof Sept. (88 roads).
19,000
20.M94
117iJft7
and number of road*
Road*
161..'500
7.437
0.457
WEEKLY OBOSa
130.171
9,025
1..'71
Fenn.
0,038
133,403
8.8«3
11,007
101 3»0
41.113
•,070
72.710
18.007
37.8«^
486.536
68.051
130.337
•4,770
13<>.«68
The following will famish a
sults for a series ot weeks past.
6,375
69.000
11,690
31,346
Rio Grande Western
Texas A
•
30,32!»
92.109
10,016
54,539
527.159
42.198
Louis Sout'i western..
•
3-2.617
7(>,>ic>7
ITortheru Pacftlc
Pltt.sburz & Western
fit.
5.-<'23
Detreau,
25,468
361
6.381
3.622
4.010
19i!.424
Western
1
Inereate.
A
"tot
'"•ft
I.4a4
1,000
Total (88 roads)
10,341,111
*et Increase (6-22 p. c).
follows:
Only 38 roads have reported their figures for the Ist week of
December as yet, and the gain on these in the aggregate
reaches 6'43 per cent.
1890.
AIUAT.
t
ajM
•MS
4.069
t.«ul8. N.
••t
BSJ81
Keoknk A WMtem
Lake Erie* Western....
LltUe Rock A Memphis..
1,771,780 1,480,290
298,650
387,090
03,342
4.043
30.496
36.090
0.067
36.761
•0.391
80.006
7.679
30.053
09.993
W..
Kan.Cltir^t.8.AMem...
Kansaa 0. Wem. A Btrm
291,553
tMrrnm.
3.t,S'10
3l38t
9.-i7.70fl
l,:iOs..to»
Latest Gross Earnings by Tfeeks.— The latest weekly
earnings in tbe foregoing table are separately summed up as
Buiralo Roch.
43.091
0«.eO4
8,336
Kanawha A Mlchlnn...
KansMCIurClln A8pr..
5.621,902
tO,7tN
8«8,«3t
.
6,72-',143
46.1.-10
i
1801.
A Ft.
Other linos
rot AOt. Northern
102,9ii
Oent.Br.AL.L. !Septetuli'r.l 100,;.H5
5ii3,.S07
<»1,127
7'<0.728
Tot. coufleil Septemb'r. 4,,293.124 1,000, 19i 30,873.-217 32.233,819
Montana Uii.. Septemb'r.
44.648
88,184
5)1.343
6'<9.378
Iieav.Top. & 8. heptomb'r.
2.950
3.219
22.458
22..I4'I
Man.AL.i Bur. Seplemb'r.
4.251
4.107
30,561
•27.215
Jolnt.owu'(l,.. Bepiomb'r.
51.8.^1
95.500
68l,.162
739.533
Grand total. Scptomb'r.jl, sm.o.jo 4,053.947 31,165,39< 32,703.586
Vermont Valler October..
18.376
17.937
158.531
164.298
Wabasti
1st WkDeo
370.000 242,000 12,8-*2,0'1.'> 12,181.3«1
Wab. Chest. AW. Aueiist
6.949
6.156
43,179
3->,9<)8
28,93S
Wash. Soutbern. October...
25,95
241,194
233,207
West Jersey
October...
114.773 114.678 1,261,(16'> 1,224.286
W.V.Cen.APltts. October...
99.3 13
920.408
8'il,81o
103.840
WestVir.APitts. Septemb'r.
13S,297
25,894
13,120
80,488
Western of Ala. October.,
4')6.0«4
6d.603
57,766
444.053
West.N.Y. APa. ithwk Nov
82,500
84,200 3.3.^1,399 3.310.737
VtieelloatAL.E. Ist WkDeo
24.413
22,258 1,201,812 1.089.424
Wll. Col. & Aug. jAuKuat....!
52.325
611,143
58,308
(ioq.175
WlsooQsinCent. list WkDeo
98.865 103.908 4,777.973 4.933,560
Wrirttsv.ATen iOotober...'
8.230
10.676
72.819
73.301
XMnea. & Ohio. Ilstwk Sept'
101,2-24
3,607
3,410
08,586
* Pictures cov"r only that part of ralleaie located in South Carolina
t Earnings
K'ven are ou whole Jaolcsonville Southeastern System.
a The tlKures from Jan. 1 to date include oorroctlois for the drst tiree
monthsof each year. 6 Kansas City A Paoiflo included in both years,
e Western and Atlantic Included in Oct., 1891, but
not in 1890.
4 Includes earnings from ferries, etc.. not nren separately,
Mexican
oorrencv.
e Iscludes Rome Water. A Ok<L In both years for October
•nd the ten mouths.
December.
.
A
Cincinnati R.
1,0|)«.724
884.8.12
A Ool
* 8(. U
.
623.235
527.68
iHtrmm.
1890.
•
Pere MarqaetM..
'rand Rapids A Indiana.
Kllnt
1.014.215
All oth. lines.. Septemb'r. 2,,2BH,''87 2.171,01.') 15.913.610 17.515.884
TouU.P.Sys: 8eptemb'r.]4,.192.53!- .1.910,061 30.309.410 31,553.091
Iff teeek of
1I91.
Peoria A Kwtem
Onuiraaa MMUad
Current River
Detroit Or. If. A Mil ..
D«trolt Iam.* North...
Rvansv. A IndUnapolU
Kvansv. A Torre Haute.
I,fl64,.t88
100,504
ll.OUl
•ammit Brancb. October
877
of Hotembcr.
(Jleve. CIn. Uhlo.
324,271
641,200
305.823
Dlv- October...
Col Aumut
t)(>tli
VM*
Cleveland Akron
OoMtDlT.(Cal) October
.
1890.
RR.—
4o, P>o.
Tot'l
.
THE CHRONICLR
lan.j
12,
9
1
Bnndt.
Oct
Hint A
Jnn 1 to Oct 31...
490 8au Fran. A «. Pao.. Nov.
July 1 to Nov. 30 -.
Pere Unra.
I
'
.
iHoa
1891.
«
1800.
•
1891.
03.7M
4'».825
4^131
•
4I.7*«
480.637
17,193
80,901
4.VI.-<.57
830.617
S70,4M
17.893
•6.638
MCtsr
«
13.201
3344
••••O
J
:
1
'
THE CHRONICLE.
•87d
[Vol. LUI.
Brought fonoard
ANNUAL REPORTS,
Stocks, 'Preferred—
E. Tenn. Va.
&
Ga. By. Co.
first
preferred
Uov. 30. 189u. Nov. 30, 1891.
$500,000
$.500,000
mchiiiond & West Point Terminal Railway & Warehouse Company.
fFor the year ending Nov. 80, 1891
President, states
Tiie annual report of Mr. John H. Inmau,
securities during the
that tliere have been few changes in the
indebtedness repast year. The capital stoclt and funded
main unchanged. The report says
" You will note that your own company owes no floating
of §318,634
debt -whatever, and has a cash balance in bank
Virginia & Georgia
that the Central and East Tennessee.
and that
evBtems earned a surplus above their fixed charges
comprising
the Eicbmond & Danville system east of Atlanta,
A
2 766 miles, earned §1,324,111 above all fixed charges.
l4avv loss was incurred in the operation of the Georgia
'•
Stoekn,
250,000
8,300
2,400
250,t00
$3,071,700
$3,072,700
$7,000
954,233
8,300
5,000
100
S7,100
934,233
8,300
5,000
100
7,981
49.000
7,981
49,000
•J,400
1,000
Common —
Riclimond & Danville BR. Co
Virsinia Midland Ry. Co
Western N. C. ER. Co
Cliarlotte Columbia & Augusta ER. Co.
Nortli Eastern ER. Co. of GeorRia
Aelieville & Spartanburg RR. Co
Dan ville M.ocksviUe & 8. W. ER
;
Railway
Oxford &Henrterson Railway
Htfttesville d Western RE
Georgia Co mpany
Elch. & W. P. Tor. Ey. & W. Co
East Tenn. Va. & Ga. Ey. Co
Bait. & O. BE. stock trustee certs
Other stocks
;
8,431
8,431
32.1,000
325,000
SOO.OOO
10,000
414,840
5,880,000
(Jeorsrla fifeitlc
of the
Pacific Railwav, for the reasons stated in the report
Bichraond & Dauville Railroad Company. The first four
months of the present fiscal year, however, show for the
Georgia Pacific Company an important increase in net earn-
2,3U,O0O
2,311.000
8.?00
second
Western North Carolina RR. pref
Rich. & W. P. Ter. Rv. & W. Co. pref
Bine Eldgo & Atlantic ER
Colttmbia & OreenviUe RK. pref
•*
500.000
10,000
888,1140
5,880.000
400,000
11,600
fTbe figures on a following page show net for these months
months
§162,739, against a deficit of $34,091 for the same
of 1890, making an increase of §196,820.]
" Owing to the reduction in the dividend of the East Tennessee V. & G. Railway Co. from five per cent to two per cent,
"ie.ioo
$9.055,28 5
$8,186,085
$14,075,829
$14,310,013
Total
Of the above securities this company is now loaning by
order of the board of directors to the Richmond & DanviUe
Railroad Company the following: $761,000 State of Georgia
Z^ per cent bonds, $528,000 East Tenn. Va. & Ga.
*
»
* .f first mortgage extension bonds, 4,400 shares East. Tenn. Va.
our company lost §263,498 of revenue."
" The lease of the Central Railroad to the Georgia Pacifac & Ga. first preferred stock, 5,900 shares East Tenn. Va. & Ga.
Bailway Company, and the contract between that company second preferred stock, 3,300 shares Virginia Midland Ry.
and the Richmond & Danville Railroad Company by which stock, ] ,462 shares Rich. & W. P. Ter. Ry. & W. Co. common
the latter assumed the operation of the Central Railroad, was stock and $507,000 Rich. & Danville equipm't 6 per cent bonds.
For the year ending June 30 the earnings of all railroad
An important step in the direction of consolidating your roads
under one harmonious management. By virtue of this lease lines controlled were as follows
under
one
EARNINGS, EXPENSES AXD CHAUGES— ALI.LINES— TEAB ENDING JtHJE 30.
5,835 miles of road and water lines are brought
1890-91.
1889-90.
1888-89
operating management. These lines earned last year:
of
:
Cross earnings
^H'arl'ill,
Lb,bhi.7^z
OpcratiDfc' expenses
Net earnings
•Fixed charges and taxes
SutdIus
*I'I%'S^i
b,548.s>b8
....,.,,............-...•.---.••-•••----- ^I( too, / ItO
•The dlvld'endon tiie stock of the Central KR. & Banking Co. of Ga.,
amounting to ..'52.i,000 per annum, now guaranteed, is not included in
the fixed charges for year ending June 30th, 1891. Of this dividend
<295,400 comes to this Company.
" It will be noted that the mileage just given exceeds that
operated last year, on which the above earnings were made,
7,521
Miles operated Nov. 30
8,558
$
$
Gross earnings
Operating expenses
23,897,471
41,361,095
28,228.191
43,849,344
29,880,880
Net earnings
Charges
11.699,512
9,434,445
13.132.903
10,637,185
13.968,464
11,455,457
2,265,067
2,495,717
^
gurplvs
The income account and balance sheet
ing November 30 were as given below
2,513,007
for the years end-
:
ISCOME ACCOCTNT TEAB ENDING NOV.
by 441 miles.
"Your system may now
30.
1889-90.
be properly classed in three divi$
Reveniu—
the Dividends Eichinond & Danville
sions : The Richmond & Danville, operating 5,835 miles
497,8 1
448,320
Dividends East Tennessee 1 st preferred
.East Tennessee Virginia & Georgia, operating 2,614 miles
328,800
Dividends Central Railroad of Georgia
^ad the Georgia Railroad, leased jointly by the Louisville & Interest
7,500
East Tennessee Ist mortgage
Nashville Railroad Company and the Central Railroad & Interest on State of Georgia 3^ per cent bonds
Banking Co. of Georgia, and the roads controlled jointly by the Interest on Eich.& Danville equip. 6p.ct. bonds
Central and the Georgia railroads, forming a sub-division of Interestand discount
«
*
» Interest on advances to companies controlled,
the Central RR. system, operating 604 miles."
not collected but charged in open acct
" Unfortunately the general financial condition of the past Interest
on bonds owned but not collected,
141,000
year, coupled with the attacks upon the credit of your comcharged in open account
pany, and the effort in Georgia to pass hostile laws intended
1,423,430
Total
to injure your system of roads, has rendered it impossible for
Expenses—
330,000
your railroad companies to sell at satisfactory prices the secu- Interest 6 per cent collateral trust
;
;
rities in their respective treasuries to
meet their engasements
and to pay for necessary equipment and improvements. The
result is that a large floating indebtedness exists on each of
your important systems. Under these circumstances your
management deemed it wise to invite the following prominent
^ntlemen: Ex. Norton, William Salomon, of Speyer&Co.;
Jacob H. Schifif, of Kuhn, Loeb & Co.; Fred. P. Olcott, Presi<lent of the Central Trust Co. Charles S. Faitchild. President
of the New York Security & Trust Co.; Louis Fitzgerald,
President of the Mercantile Trust Co., to aid your company in
perfecting the best plan for permanently adjusting your
affairs and securing sufficient money to provide for the floating indebtedness existing on your railroad companies, and to
insure for your company and them the credit necessary for
their successful operation."
•TiTEMENT SUOWISO TUB CHASOKS IN THE SBCUniTV ACCOUNT DURIKQ
THE TEAB.
Seeiirihes acquired—
Purchased from the E. Tenn. Va. & On. Ry. Co. E. Tenn.
let extension mo tgage five per cent bonds
$520,000 00
Purchased from the Richmond & Danville ER. Co. six
per cent equipment mortKage s. f. bonds
700,000 00
Subscription to Kenllworth Inn (at Asheville, N. C.) stock
16.000 00
„Total
$1,236,000 00
W
$117,000 00
61564
520,800 00
11,600 00
Baltimore & Ohio BR. stock, trustees' certificates
400,000 00
Cherokee Iron & Marble Co. stock
250,100 00
Total
i];300,lT&64
CECUBITIEB OWNED NOT INCLUDED IS TBnST AGREEMENTS (EXCLCglVE
OF CONSTBnCTION STOCKS.)
Brnids—
jfov. 30. 1 890. iVoi!. 30, 1 89
State of Georgia Sit per cent
$893,000
$776,000
Blue Ridge RK
299,000
299,000
Georgia Pacific RE. con. second mortgage.
314
314
Cteorgla Pacific By. income mortgage
«2l
621
JTrginla Hldland 5 per cent gen. mort
908
2;>2
Oxford & Henderson RR. first mortgage..
195,000
195,000
Statesvlllp <fe Western RR. Co. first mort
300,000
300,ll0i)
K.Tcnn.Va. & O.a. first inort. exienslon...
100.000
620,000
Kjohmond & Mecklenburg RR. 2d mort....
160,000
1HO,0(/0
.Wch. & Danv. ER. 6 per cent equip, mort..
700,000
.
$1,918,844
$3,051,228
412.650
28,100
249,847
118,025
74,476
Interests per cent coll iteral trust
Interest on Georgia Company bonds
Dlvldendson preferred stock
Interest and discount
General and legal expenses
1890-91.
$
467,620
175,661
316,964
18,000
31,153
21,000
16,074
72,453
141,000
1,259,933
330,000
553,250
27,650
249,850
'47;676
19,176
Taxes
1,213,099
210,330
Total
Xet
BALANCE BHEKT NOV.
;
SecHritirsBoldState of Georgia 3% per cent bonds
Virginia Midland gen. luort. fl»e per cent bond scrip
Hlch. &
I't. Ter. By. & W. Co. com. st'k. from treas'y.•Central ER. & Banking Co. of Georgia stock
9,052
$
35,59(),9S3
1,227,002
32,931
30.
1891.
m
90,761,313
65.223
387.323
1,290,884
1,077,816
1890.
$
Dr.
,90,280,146
Stocks, bonds and property
Bills receivable
Due by Companies
controlled
Unpaid subscriptions to rights
of
May 21,
Ca^
Total
Capital stock, common
Capital stock, preferred
6 per cant collateral trust bonds
5 per cent collateral trust bonds
Coupons uncollected
Preferred stoek dividend UDCOlleted
Profit
and
loss
1890.
900
900
526,742
218,631
92,272,949
92,336,954
70,000,000 70.000,000
5,000,000
5,000,000
5.500.000
5,600.000
11,065,000 11,065,000
9,465
I'?„2
9,167
5.910
755,507
692,574
92,272,949
Total
92,336,954
Louis Consolidated RR.
June 30, 1891.^
The mileage of road operated during the year was increased
over that of previous year by the addition of new railroad
built from Mt. Vernon, 111., to Belleville Junction, 111.
"On January 13th, 1891, the citizens of Patoka Township,
Gibson County, Indiana, voted a subsidy of §66,000— last instalment of which is payable in 1894— conditioned upon the
construction and maintenance by the company of large and
LouisTille EvansTille
&
St.
f^For the year ending
repair shops and engine houses at Princeton,
Indiana, all the buildings to be completed on or before December 1st, 1894, but none of the subsidy to be paid to company
until all buildings, minimum sizes of which were described in
ballots, were completed and in use as the general repair shops
*
*
*
of the company. "
" The New Albany Belt
Terminal Railroad Company,
whose railroad w as built from a connection with Kentucky
commodious
&
1
Oecrmbxb
:
THE CHRONICLE.
13, 1891.]
:
879
&
Indiana Bridse track, noar Vincdnnos Street, New "
t" Nashrille, which will undonbtwllr
Albany, al->nK the river bank, to Lower Seventh Street, conbefpCMitUy
i"_
if the D»gotlailon» now in
^1
nected Its tr.nck with track of this company, near I/iwer
proffMia for^ted»»'""'"•'"
""v^
Bition or (heiecttritiMaraiuooMaral."
Fourth Street, in June. 1891. This connection affonlt tliii
Bamingg,
azpeiuM
and
ohargM
bare
been
company a means of insfresa to and pRress from Louiaville
aa follow*
BAajmrai A«b Kxrvmua,
by means of the Kentucky & Indiana Bridge, whereas it
was formerly confined to the Louisville Bridge alone, and will AveracA mllM
1888-M
operated
100
IM-»
enable it to hanlle certain amounts of traffic which could
not
Freight
bo handled over the Louisville Bridge."
136.903
rMWDgar
The addition to Ofiuipment during the year was three Mogul Pasaengar
*Sl',6ao
«5.0M
Mall
^ Igg
6,623
locomotives; 4 passenger coaches; 6 Itaggage and exoreas £?P">"
9',66a
'^
S.340
tjtii
*?^
oars; 209
box
mtoallaneout
cars: 171 coal cars; 103 flat STrs.
Earnings, expenses and charges for three years were
oa
lows
fol-
Total earning*
:
Operating expooMi and taze*.
BAsitnios
iwD ExmrsKS.
188P-S0.
MilRs nporntod
jfys"
Earnings—
$
fre'Kl't
717,64.'i
PaSBcngors
312,609
98,729
&o
Mall, express,
Total
Op«r»ilu(? expenses and taxes
^
Net earnings
laSO'SO.
373
•
731,633
326.125
111,654
1890-91.
134.149
181^*4
41,88)1
68,140
~63,»6I
1880 90.
lS90«lk
188S-M.
978.004
^
305,.'>.\7
'•te*">>ngii
41389
1
Dedutt—
Interest on bonds
13.018
1,481,.'574
753,094
99tf,H54
MlsoeUaneuus
330,591
INCOMK AGCOCKT.
410,318
484,920
„
Balance
,Tot»l
1890-91.
'iJiii
4,.5UO
1,409
8,85',<
2,478
740
7.727
Bar.34,111
Richmond
$
8
330,59
29,53n
4;«,318
Total
Dettuet—
Interest on bonds
Rentals
360,177
450,95i
251,305
14,155
329,618
21,181
183
432,800
6,978
133.74A
8ar.46,171 Def. 7».77»
350,932
100,021
477,608
7,312
$
ft
("For theytar ending
481,930
tbiiit is said:
Miscellaneous..'
Total
Balance, surplus
265,520
94,657
2(!,"98
17,910
Lehigh ft Hudson River Railway.
fFor the year ending June 80, 1891.^
The annual report shows that the line now operated by the
company extends from Easton, Pa., to Greycourt, N. Y.,
connecting with the New York Lake Erie & Western RR.,
being a distance of 77-20 miles, which, with the Orange
County Railroad extending from that point to Maybrook and
to Campbell Hall, N. Y., a distance of 13-1 miles, makes a
total distance of 90-30 miles operated.
The total anthracite
coal tonnase of this road last year via the New York Lake
Erie & Western RR. and Newburg, and via the Orange
County RR. and Poughkeepsie Bridge, amounted to 271,773
tons, 184,806 tons going via the first-named route and 86,907
tons via the Poughkeepsie Bridge route. For the year ending
June, 1890. the total tonnage was 211,222 tons, divided 192.129
tons via Newburg and 19,093 tons via Poughkeepsie, going
to prove that the opening of the line via the Poughkeepsie
Bridge is developing a new territory not heretofore reached, the
increase in tonnage, 60,551 tons, being about equal to the
increased shipments going via the Orange County Railroad.
The operating expenses of the past year were 61-15 per cent of
the earnings, an increase over the previous year of 4-23 per
cent. This increase is in a great measure due to the terminal
expenses not being fairly adjusted with connecting lines.
Such expenses have been largely reduced and the operating
expenses of the lino for the past few months have been brought
down to the usual figures shown in past reports, viz: about
58 per cent of the earnings.
Earnings expenses and charges have been as follows
The increased expenses of maintenance of way and strticturea over 1890 are due to necessary repairs to bridge* and
masonry, new side tracks, and the coat of a new deoot
*^ aK
Cheater, in all $7,566.
The increase in oonducting transportation— $18,293 -Is larg*.
ly due to the cost of handling the passenger trains of the Nor-»
folk
Western Railroad. Additional expenses have be*n
made necessary in handling the terminal buiinaas at Richmond. The tables of passenger and freight business show an
increase in through revenue about eanal to the decrease in
local.
The table of engine mileage shows tho cause for tb«
increased operating expenses, engine mileage having increased 12 4 per cent.
Earnings and expenses, and the income account, have beem
as below given
&
:
KARNIHOS AKD BXT^KSBS
1889-00.
„
,
Earningt—
Passenger
Freight
j,
Mill, express, eto
_
.
Total
Eipensea and taxes
Ket earnings
Per cant of oper. expensas to earnings
IHCOMB ACCOCKT.
118,89>
181,a7S
8S,«I»
835,306
224,483
32S,2aS
3a4,8«»
190,823
69-01
70,42»
Miles operated
Earnings —
Passengers
1889-90.
1880-91.
80
90
$
23.487
21.616
23,4?6
339,374
18.903
314,332
185,976
238, '.JO?
128,358
143,436
$
'.
Freight
269.2-^9
Mail, express, etc
Total
Operating expenses and taxes
Net earnings
Other income
381.703
1,411
Total
128.336
144,847
82,961
9.868
97.524
13,619
92.829
86,627
111,148
83,704
Dtduet—
Interest on funded debt
do
Total
Surplus
Tennessee Midland Balliray.
the year ending June 30, 1891.>
The annual report shows: Main track operated from Memphis to Perryville, Tenn., 135624 miles; side tracks, 10126
miles; total mileage of track owned, 145-75 miles.
The construction and equipment accounts show:
(For
$6,834,138
Cost of roadway, real estate, etc. to June 30, 1 891
$192,372
Cost of equipment (seven locomotives and 233 cars)
"
The report says that the conditional subscriptions to stock
made by citizens of Nashville and the counties on the line of
the proposed extension have lapsed, but as much interest and
anxiety has recently been manifested in that section, it is
believed that substantial subtcriptions or donations could bo
secured now to aid in the extension." * • " The business of
the company is almost entirely local, and the increase in gross
78-a
186990,
t
100,838
RtetipU—
Net earnings
Other Inooma
.
iewK«»
y
117.562
183.826
23,917
17,167
Total
DiiliurtemeHlt—
117,900
«1,I»T
28,283
70,000
a4.s«»
7o,oe»
(ntereit
Dividend*.
Total
:
floating
63,M1
iao.ao»
Petersbanr Railroad.
June 80, 1891,^
The annual report shows that tho percentage of operatinc
484,020 expenses was 788 in 1891, dgaiust 6901 in 1890. In recard to
Net oarulnars
Otber receipts
Do
lai.M*
63,149
,
Renuls
1,169,472
34,6:i5
2mi
si4,aai»
lacoHB accomrr.
875
«
796,443
1889-90.
s.au
soMss
Metaarnlngs
1,127,039
1888-89.
4,884
lOO.Ms
Balance
snr.
09,238
19,733
def.
3,3«S
Petersbnrg Railroad.
fFor the year ending June 30, 1891.,;
The President comment* on the fact that th* charter of
thi* company was only renewed for two year*, till 1892. \rf
the North Carolina Li^gislature, and hopea to get it renewed
A
decrease in maintenance of way and ctrtie"
turee is found for 1891, as compared with lS9ii. in the itema «S
new bridges, $12,000; of cross-ties, $6,000; and of repair* lot
roadway, $8,000. Equipment show* an increai* due to parchase of a passenger coach $5,000, and of forty-four box-car*
equipped with air-brakes and Janney couplers, $30,000. Coa*
ducting transportation shows a decrease of $6,000 in car mi)*«
age and $4,000 in loss and damage to freight.
Earnings and expenses have been as follow*
KAB.<<UI(M AJII> KXraMSES.
168*-»a
indefinitely.
Xaminfft—
8
.117.643
.84*,605
,.
51,668
Passengers
rrclght
Mali, aapress, Ac..
ToUl
498,916
834.170
Oparatlncaxpenaaa
.
receipts is due simply to the natural growth and development
of the country traversed. No very considerable increase can
be expected antU the coimpletion of the extension through the
Met earn Ing*
Percantof expansM
174,746
to
aamlnga
84-9
GENERAL INVESTMENT NEWS.
Boston ft iValne.— At the stockholders' meeting it warn
Toted to appoint a committee to investigate the lease of tb*
Nashua & Rochester Railroad and the Manchcxtpr ft Lawmtcs
road and to learn in whose control the road* were prior to
I
lease
and who were the principal beneQciaries, and alao to f
:
;
:
THE CHRONICLE.
880
out whether the Boston & Maine paid more than the face earning capacity of these roads. It was also voted to have the
same committee investigate the lease of the Upp*;r Coos Railroad and the Knox & Lincoln, leased to the Maine Central,
and to learn whether said leases will not reduce the dividends
paid by the Maine Central. It was voted also to have a committee investigate the circumstances of the large deposit in
the Maverick Bank at the time of the failure, and to learn if
the directors in the exercise of proper care should not have
withdrawn the deposit before the failure. The agreement of
June 23, 1687, between the Boston & Maine and the Boston &
Lowell and Nashua & Lowell roads was approved.
[Vol. LUI.
1890.
1891.
Gross earnings
Operating expenses
$647,114
836,231
S713,8»«
851,167
_ ^eteamlngs
$110,882
144,973
$162/739
Extraordinary expensea for repairs, etc
Balance
$34,091
$162,739
$196 820
Great Northern.— This company has just let the contract
for the last 300 miles of its Paciflc Coast extension, to be completed within a year.
(deficit)
Increase In 1891
Gnlf Western Texas & Paciflc— Sonthern Paciflc—An
mortgage fifty-year 5 per cent gold bonds has
Called Bonds. The following bonds have been called for been authorized to pay for construction expenses which
have
payment
for some time been carried as a floating debt. Bonds will be
Des Moines, Iowa. City Treasurer will pay the following issued at the rate of $20,000 a mile on the 111 miles of combondti of the City of Des Moines on and after January 1, pleted road. The limit of the mortgage is $10,000,000, which
1892: 2d Renewed Judgment and Funding, 6 bonds, Nos. 48, provides for the extension of the road to the Rio Grande
River, covered by the company's charter. The road is one of
47, 48, 49 and 60.
Ohio & Mississippi Railway.— Equipment trust certificates the proprietary lines of the Southern Paciflc Co.
have been drawn for redemption as follows, interest ceasing
Indianapolis Decatar & Western.—At Indianapolis, Dec.
Jan. 1, 1893
5, Judge Brown, of the Circuit Court, appointed James WildBerles B— B513,B511, B543, B516, B.551. B561, B572, B5a4, B599, man receiver of the Indianapolis Decatur & Western Railissue of first
—
—
B601. Series O— C609, 0614, C648, C675, C676, C679, C685, C6!(9,
C8»2, C703.
St. Louis
San Francisco Railway Company.— Seven
per cent equipment bonds of 1880 have been drawn for payment on June 1, 1892, at 105 and interest. The numbers of the
bonds are as follows
&
:
130. 131, 1S6, 1S7. 161, 175, 190, 191, 209, 216, 225, 229, 248, 311,
53(3, 540, 580, 600, 667, 630,
847,352,353,386,401,420. 434, 490.
703, 751, 758, 791, 796 and 952.
Union Pacific Railroad.— Omaha Bridge bonds have been
drawn for payment April 1, 1893, as follows
:
So». 104, 896, 154, 943. 1779. 1222. 2038, 1740. 1387, 1634, 875,
609, 42, P51. 326, 2001. 204. 2444, 1940, 1175, 2327, 1071, 1650, 213,
1370, 718. 153;!. 2344, 1275, 1794, 1486, 1938, 704. 617. 1001, 2443,
1599. 296. 2323. 2294, 1941, 1310, 384, 1357. 1367, 301, 1999, 1755.
86,815,749. 1164.269,262. 90. 531. 1921, 1178. 2476. 2407. 1342.
1095.2163,976.1249.435. 1274. 1693, 554, 1606, 1075. 829.1444
627,2200,2491, 1759. 1734,2459. 285, 1442, 78, 1225, 835, 1311. 68 +
684, 1649. 2139, 1089, 2272, 108, 921. 2322, 2284, 182,582,133.1499
2430,851,370.597,1356,1314.983.2121, 805. 1513. 188, 721, 831.
662. 1935, 1927, 233,400, 205. 1900, 396, 1867, 642, 1121. 482. 1524.
738. 2219, 261, 2360. 2422. 305. 58, 2454, 214, 2270. 175. 1831. 1309
1972, 2179, 2387, 506. 281, 1657, 1818, 2195, 1640, 13^9,2223, 76
1643,1494,1911,1169,513.
'
'
Central & South American Telegraph.— This company
bai purchased the Transandine
Telegraph, havicg a
mileage of 1,200, and connecting Valparaiso with Buenos
Ayree. The purchase price is «121.000—say $587,000—and to
raise thii the capital stock of the Central & South American
company is increased from $6,000,000 to $6,600,000. the balance
©'purchase price to be paid from the surplus of the company.
The Tranf andine lines were built in 1872. An official document says the annual reports for the past ten years show its
net earnings have amoanted to $1,583,682 currency, and its
dividends to $1,176,000 currency. The circular said
" The gross traffic of all lines south of Galveston, derived
from the east coast of South America by means of the Transandine Telegraph Company, for the three years- 1888, 1889
and 1890—was $885,000 gold. During those years your company divided this traffic with the West Coast Telegraph Company, but now that your company and the Mexican Telegraph
Ck>m^ny will own the whole line between Galveston, Tex.,'
and BuenoB Ayres, Argentina, your company will be in a
position, through its ownership of this important link, to
imSrove its service and therebv command a profitable share of
be east coast traffic.
Notwithstanding the financial depresnon in Argentina and recent war in Chili, the present receipts
your company are highly satisfactory, and ir maintained
will provide the usual dividend on $6,500,000 and yet
leave a
•urpluR estimated at over $226,000."
Central Yermont— At St. Albans, Vt., Dec. 9, the several
Jailroads owned by the Central Vermont were
consolidated
and the lease of the New London Northern Road for ninetynine years was ratified. Vice-President 8. C. Smith
was
rtected President. The stockholders voted to issue a
$30,000 000 blanket mortgage at 4 per cent; $15,000 000 of the bond's
will be used to meet outstanding obligations as they
mature
and to pay present obligations, which are lesi than $1,000,000
The balance of the mortgage, ic is expected, will provide for
equipment and improvements for twenty-five years.
Chicago * Northern Paciflc— It is stated that a syndicate
Northern Pacific Railroad Company's
Mnn!?'^«*'^^f'l.'.*'®
$6,000,000 of Chicago & Northern Pacific 53 at 78
and interest.
These bonds carry with them a bonus of 25 per cent
Chicago & Northern Pacific stock. The syndicate
is composed of Mf ssrs. Speyer & Co. and others.
Chicago Ga*.— An official statement of the combined
companies of Chicago shows total amount bonds issued gas
$19,48a,(/00; certificates outstanding
$25,000,000. For calendar year
ending December 31, 1890, the combined companies
net
^m.ngs of 83,389 709; interest charges $1,035,100,report
"eaving
mirplus of $1,354,600, equal to 5'52 per cent
on thL certificates^
*or ten months ending October 31 the companv
reoorts actual
net profits $3,198,692; interest on bonds
$869,25oS
"^'"^^ ''" ="'""'' »135,000rprofirXrch«S
:
M
tS
$l,2M,m
Pa^'ftf-Th's "-"ad has made the large gain of
tlSfSoi!**
»1W,820 in net income during the first four
months of its cur*'*'"'
bing M*l)lf
''"'^
^ ***
°°'- ^^'
*•**
°®''*"^ statement
No one appearing for the road, it was evident that
they proposed to let the case go by default.
Kansas City Water Bonds.— At Kansas City, Mo., December 5, 1891, Charles Sooysmith of New York filed an injunction suit in the United States Court to restrain Kaisas
City from issuing the $2,000,000 of bonds to build new water
works, and to cancel any that may be sold. The bill alleges
that the complainant owns real estate in the cily of the value
of $35,000 and that his taxes will be largely and illegally increased by the issuance of the bonds that the city has no
authority to build water works or to issue bonds to pay for
them that the city is bound by contract and law to purchase
the works of the National Water Works Company, or renew
its contract with that company in 1893
also, that the amount
of the bonds is in excess of the amount the city is legally authorized to issue that the system of water works proposed to
be built with the proceeds of the bonds is impracticable, and
will cost not less than $3,500,000.
Kansas City Wyandotte & Northwestern.— The receiver of
this railroad has submitted his annual report to the Kansas
Board of Railroad Commissioners, showing the result of the
operation of the road for the year as follows Gross earnings,
$354,145; operating expenses, $370,569; deficit from operation, $16,434.
The deduction on account of interest, rents,
taxes and foreclosure expenses amounted to $71,435, making
a local deficit of $87,850.
road.
;
;
;
;
:
Lehigh Valley Terminal.- The application to the New
York Stock Exchange for listing the bonds of this company
states that there are 7,000 first mortgage gold bonds of $1,000
each ($7,000,000), dated October 1, 1891, due October 1, 1941,
and not redeemable before that date bearing interest at the
rate of five per cent per annum, payable semi-annually, on
the first days of April and October, at the office of the Lehigh
;
Valley Railroad Company in Philadelphia; both principal
interest guaranteed by the Lehigh Valley Railroad Company, by endorsement on each bond, and payable in United
States gold coin of the present standard weight and fineness.
The Central Trust Company of New York is the trustee of the
mortgage, the total amount of which is $10,000,000. the $8,000,000 remaining after the issue of $7,000,0J0 to be issued as future requirements of the company demand.
The Lehigh Valley Terminal Railway Company is a corporation created and organized under the laws of the State of New
Jersey in August, 1891, and formed by the consolidation of
and
&
the Roselle
South Plainfield Railway Company, the Newark
Roselle Railwav Company, Newark Railway Company,
Jersey City Newark
Western Railway Company, Newark dc
Passaic Railway Company, Edgewater Railway Company,
and the Jersey City Terminal Railway Company, all of the
State of New Jersey. The length of the line from South
Plainfield to Jersey City is about 31>i miles, of which about
61^ mites are sidings and branch lines. Of this mileage there
remains but a short gap yet to be constructed; the bridge
and trestle work over Newark Bay being the principal
work yet to be finished so as to form a continuous
line.
This
work is now in the coarse of completion,
and will be finished as speedily as possible.
The terminal properties of the company at Jersey City covered
by this mortgage are large in extent (about 135 acres), with an
extensive frontage on the Hudson River, which, with the improvements that have already been constructed thereon, make
an exceedingly valuable property that could not be duplicated
or secured to-day at any cost. They furnish a suitable access
for the Lehigh Valley system to New York Bay and the traffic
.)f New York City and IJrooklyn.
The capital stock is $8,348,000 (83,480 shares of $100 par value each), all owned by the
Lehigh Valley Railroad Company. (There is no preferred
stock.) The company has no equipment of its own but uses
that of the guarantor company.
The officers of the company are E. P. Wilbur, President
Charles Hartshorne, Vice-President Robert H. Sayre, Second
Vice-Prfbident John B. Garrett, Third Vice-President William C. Alderson, Treasurer; David G. Baird, Secretary.
&
&
:
;
;
National Lead Company.— The National Lead Trust
:
is
now
the National Lead Company. There was a meeting on the
8th inst. at No. 1 ISxchange Place, Jersev City, to organize
formally the National Lead Company under the laws of New
f
UacKMBiia
THE CHRONICLE
12, 1881.1
Jeney. There are in all about twenty-six eztenaire plants io
New York, Pennsylvania, Kentucky, Minsoiiri, Itlinoid and
Ohio which manufacture white lead anil other products. The
new company
has n capitiil of $3<),()0it,(»0<), divided into IIS 000.000, preferred stock and $15,000,000 cownion.
These offlcors of the new corporation were elected : W. P.
Thompson, of New York. President ; A. T. Ooshom, of Cincinnati, Ohio, First Vice-President F. W. Rockwell, of Bast
Orauf;e, N. J., Second Vice-President; L. A. Oole, of East
Orange, N. J., Treasurer ; Lewis d. Thompson, of New York,
Assistant Treasurer Chnrles Davison, of New York, Secretary,
and John B. Frothin^ham, of Brooklyn, Assistant Secretary.'
The directors are: W. P. Thompson, A, T. Ooehorn, F. W.
Rockwell, L. A. Cole, R. R. Colgate, Simon Beymer, A. P.
Tliompson, D. B. Shipman, W. H. Thompson, Oeorge O. Carpenter, Jr.. Edward F. Beale. Jr., John H. McKelvyand R. P.
;
;
Rowe.
The formal transfer was made, with the exception of some
cash remaining for distribution. The stock of the National
Lead Company now represents the property hitherto represeutod by trust certificates. The stock will be divided among
the holders of the certiticates in proportion to their boldin)^.
certificate holder for six shares of National Lead Trust
which he surrenders will he ffiven one share of 7 per cent preferred stock in the National Lead Company and one share of
common stock. In addition to this there is also to he paid a
cash dividend of 80 cents on each trust share.
A
New York & Brooklyn Bridge.—The annual report of the
trustees for the year endinj; Dec. 1, 1891, shows that duriDe
the year the receipts from tolls have been |1, 178,447, divided
as follows: Promenade. 88,321; carriageways, $79.25S: railroad, f 1.088,97
This is $49,35 more than was received from
'
1
.
the same sources during the year ending December 1, 1890. The
number of passengers carried on the bridge earn was 39,766,048.
The income deriv^ from the railroad was $o6,9.'>7 more than
than that of the previous year.
The receipts from all sources
for thejyear ending December 1, 1891. were 81,'*29,785.
This,
added to the balance on hand, which was $2,'i5,676, mukes a
total of $2,035,461.
The expenditures amounted to $1,733,280,
leaving a lialance of $358,180.
—
New Loudon Nor hern. The following statement
the quarter ending September 80.
i
OroH
16»0.
earDlDRg
Operating expcniM.;
Net earnings
Otber Inooiue
Total
Interest, rentals
and taxes
Borplus
1
is
for
week,
8ftl
Md that*
h«Te only be«D • few Mies oT etaall lota oi
beMna.Oennan ectiona."
Riehnond Ternlnal.— At Richmond, Va., Drcember S lb«
foreicn
annual meeting of the stockbuldera of the m«Kiff0«^ y^g.
minal Company was held. Tliere were preMat John U. Inman. President, and H. B. L«idl«w and Bodol^ KapplOT tiM
two last named being a c<immittee appointed in New York by
preferred stookiioldert to repreaant their inttrteta In ttaie mee^
ing.
There were 876,009 eharea repneentod. The foitowinc
r*wolution
was adopted
:
That tba jMMon of the board of dtieetaw on «rov«mb«r 3S
In appointing the roUowlM nDltamoa
Umun. M. Horton, William
Saloiiion, Jacob H. SoDlff. Frederlo P. Oleott. Oharloe a rairobUd
aad
ixmts Miigorald, to examine into tbe aAlrs of tbis eompaoT. and
~
aid ill pl^r(eetlIlg a plan of a^Juatmont of tta aSkln, be ratUUd
a
'
prored. and they are lierebr aatborlsed to aetaa a oow mlweo
revie•'
ltfnlff,$.
:
M
aeutlng the sluckbolderi of tbls comtraay.'
This committee will proce.-d with ita work, and when the
report is completed a meeting of the stockholders will be
called to consider it. The President and the old boani of
directors were re-elected.
Whenever the new plan shall bare
been adopted the stockholders will be requested to approre
and ratify the same, as well as to hold an election for a permanent management. The President's report, which wae received and approveil, is given quite fully elsewhere.
—The Richmond
Terminal's advisory committee have begun
their work and decided to employ an expert accountant, who
shall have all the books and papers of the system before him,
and after an exhauslive written report shall have been triLt^
the committee will make up its recommendations.
Wagner Palace Car Co.—Of the $7,000,000 increase to the
$18,000,000 capital stock of Wagner Palace Car Co. $6,000,000
will be offered to stockholders at 80 and the balance will be
retained in the treasury. The money received from the sale of
stock will be used in extending the business of the company.
Weatern Union Tele>(raph.— The estimated net earnings for
quarter ending Sept. 30, 1891, were $2,000,000 the actual
were $2,171,154, or $171,154 more than the estimate.
The
estimated net eamlngu for the quarter ending Dec. 31, 1891,
compared with the actual results m the same quarter of 1890,
are a« below gireo.
tiie
;
.
-Quarttr ending Dtt. 31.
Actual, 1890.
B»KmaUd. 1891.
.
1891.
Ket revonoe
Deduct—
Interest on beads
Sinking fond
$1,729,033
$172,«5e
111,810
$186,391
94.471
$60,649
2,480
$91,»20
a.490
(6S,139
63,734
904,370
54.349
Net tevenae
LessdlTldend
$9,405
$40.0:i
aurpliu (or quarter
Add nominal surplus Oct 1
New York
Ontario « Western.— The various propositions
made from time to time to readjust the capitalization of the
New York Ontario & Western, by which the present stock
would be exchanged for new first and second preferred and
common stocks have been referred to Messrs. Fowler. Greenougb. Barton, Sibley and Kerr, as a committee to discuss
and report back to the board. Nothing of course can be done
without the assent of two-thirds of the stockholders at a meeting called for the purpose. A circular has been prepared giving a comparative statement of the traffic and earnings for the
last five Hscal years.
The freight tonnage for year ending
June 30 1891 shows 1.737,059 tons as against 884,768 tons in
1887, and pa-sengers carried 1,008.215 as against 759,629. The
earnings in the last year were $i,809,702 as against $1,688,093
in 188^, an increase of over 66 per cent.
New York Stock Exchange—New Securities Listed.—The
Governing Committee of the Stock Exchange have listed the
following securities
Edison Oknkr*!. Ulbctbic Co.— Additional issue of caplUl itook ot
$1,000,000, luakln; total amount listed $16,000,000.
LiONO Island Railroad Co.— Additional Issue of (teneml mortgage 4
per cent gold bonds, *o00,000, making total amount listed .f3,i Oo.ooo.
HannibvL a 8t. Joseph Kailboad Co.— Additional Usue of consolidated mortgage 6 per eent bonds, $142,000, making total amouutlisied
$7,4o7,000.
„
....„,
Nashvillk Chattanoooa « ST. Louis Kailboad Co.-Additloniil
:
$333,468
30,000
$3,000,000
$333,300
30,000
243,458
343,300
$1,485,564
a*«p.e.) 1,077,401
$1,757,700
(l>«p.e.) 1.077,406
Nominal snrploa Oeo.31
$408,163
$630,290
10,733.333
12,260,190
$11,141,995
$13,949,485
— Messrs. Kulm, Loeb & Co. and
J,
Kennedy Tod
A
Co., of
New
York, invite subscriptions at 97 and accrued interest for
$3,UO0.0OO Montana Central Railway Company's 5 per cent
first mortgage gold bonds due 1937, principal and interest unconditionally guarantee<l by indorsement by the St. Paul
Minneapolis & Manitoba Railway Company. The bonds are
further secured upon the main line and branches of tba
Montana Central Railway Company, the former extending
from Great Falls, Mon., via Helena, to Butte, Uon., a total 61
completed line, including branches, of 361 miles. Tlie bonds
are included in and secured by a first mortgage, created ia
1887. limited to $10,000,000, upon all the pro|ierty of Um
Montana Central Railway Company, under which mortgage
there have up to the present time been issued $6,000,000 in
per
cent bonds and $2,000,000 6 per cent bonds, now offered. The
remaining $2,000,000 can be issued only subject to Umitation
provided in the mortgage. The subscription list will be oloeed
16th inst.. or earlier.
—^The Reviete of Review*,
published at 18 Astor Place, has
interesting of the monthlj
become one of the most useful and
magazines, either home or foreign. The December nombwr
contains an article by the editor. Dr. Albert Shaw, upon sooM
great statistical undertakings at Wa-<hingt<>n. It diaonasM
8er cent second mortgage eold bonds, issued on the property of the the Libor Department's investigation in Europe and this
«wego & Rome R illroad Co.. *400,000: nlao Kuarantecd gold 48, Issued
coimtry into the actual cout of production of the great staples
on the property of the Utioa <fe Black River KR. Co., *l,300,0;»0.
Lehigh Valley Tkkminal Railway Co.— llrst mortgage 6 per cent protected under our tariff system. There is an acooont also
gold bonds, $7,000,000.
of the work of the Sen..te Committee, which has been engaged
Railroad Cars and the Iron Trade.—The Iron Age said re- through the past summer in collecting a vast quantity of n>»>
report
the
'•
is
week
the
of
Ihe most encouraging news
cently:
terial upon the movement of prices and warn for the past
business
of the placing of large car orders and of considerable
forty years in this country. The work of the Eleventh Census
Pennsylvania
the
that
stated
pending in the same line. It is
also has its place, and some attention is paid to the statistical
Company have placed between 4,00i) and 5,000 cars with works dep*nment of the Inter State Commerce Commission. The
outside of its own establishments; that the West Shore Com- article is illustrated with portraits of Hon. Oarrull D. Wright^
Issue of first eouaolldated mortgtige 5 per eent gold bonds. $847,000,
making the total amount listed *a,347,000.
_
„
.
, «
BoMi: Watkktown & OGDKN.-miBa Railroad Co.—Ouaranteed 9
York the Hon. Roliert P. Porter and Professor Henry C. Adams, bein the market for 1,000 cars; that the New
works sides two or three maps.
Central Railroad will soon place a very large order with
Missouri
outside of their own establishments, and that the
—Proposals for $890,000 Denver City 4 per cent public fan-'
car
Pacific have ordered 500 cars. The amount required for a
provement bonds will be received up to Jan. 8 by the Board
that iti the aggreis variously estimated at six to eight tons, so
Works of Denver, Col. The bonds offered are tbe
aiarge of Public
gate the orders placed and pending forcars wiU call for
of the $700,000 authorized principal ami intettftk
remainder
been
amount of material. No large contracts for plates have
are payable at Denver or at Men-antil>' Tratt Co., New YgOC
in
being
placed lately, the building of a large number of ships
Further particulars may be foUH
of holders.
deci- at the option
abeyance until the post-office authorities have reached a
in advertising columns on ninth page of this issuo.
that
known
sion on the bids for ocean postal service. It is
investment bearing 4 7-lOper cent interest, exempt tnSt
mawithin a short time several large contracts for structural
Go. pcssent in oar adtax, is one that Messrs. A, M. Kidder
this '"arket.
terial for achitectural work will come up
tne vertising columjDB tO'^y.
Nothing, however, of magnhude has been placed during
pany are
:
^^
—An
m
<9fc
—
;
—
5
THE (CHRONICLE
€82
%zpoKts atijft f^ocnmsnts.
MEPORT OF TEE SECRETARY OF THE
TREASURY.
fliE
.
:
I
Tbbasubt Depaktmekt,
Washikqton, D. C, December 7, 1891.
h»ve the honor to submit the following report
KECEIPT3 AND KXPENDITURES.
The revenues
<
all
sources for the
:
«219,5|2.205 23
241) 44
-^'S'SXi
7,701,991 82
4,029,.'i35 41
3,01!».781 84
From fees— consulas letters-patent,
2,326,359 37
BinkiuK-lundforPociflo railways
Fr.
1,2/11,042 60
From tux (n national banks
966.11'1 82
rorfeitures...
From cuftoms fees, lines, penalties andrailways
823,904 04
From repaymentof inttrestby Paollo
602.545 3H
From pales I'f Indian lands
34
308,048
Frrm Suldiero' Uimic, permanent fund
2G»,C:3 88
From tax on seal skins
00
292,271
Frcm immigrant fund
259,379 0.',
From sales of Government property....
80
131,422
From deposits for survey lug publio landsCompany...
500,000 00
From Narhvllle & Chattanoona Hallroad
01
122,068
From sales of oidnance material
78,037 36
Ftim sales ol condemned naval vees Is
83
55.905
From depredations onpubllclands
2,8 53,897 74
From tbe District of Cilombia
3i
l,i=25,806
From miscfllaneous Eources.
65,931,785 72
postal service
m
$458,544,233 03
Total receipts
expenditures for the same period were
:
civil establishment, Including foreign Intereonrse, public buildings, tollecting the levenues,
.deflilency In pootal revrnues, rebate of tax on
itcbaeco. lefund of direct taies. French spoliation
expenses. $110,048,''
i claims, Dist. of Co umbla,andothermlscell.
For the nilltary e.'tablishme t, including rivers and
For the
67 49
26,113,896 46
8,527,46ii 01
124.415,95141'
Forven»iou»
37,.'i47,ia5
got Interest on the publio debt
SFor postal senlce
37
65,931 785 72
$42 1,304.470
Total expenditures
46
$37,239,762 57
To this sum was added $54,207,975 75, deposited in the Treastiry under the act of July 14 1890, for the redemption of national bank notes; $9,363,715 deposited during the year on the
same account; $3,810 received for four per cent bonds issued
for interest accrued on refunding certificates converted daring
the year, and $34,182,372 16 taken from the cash balance in
the Treasury, making a total of |134,947,635 48, which was
applied to the payment of the public debt, as follows:
Redemption of
Bonds, iractional currency, and notes for the sinking
fund. including$3,86u,08628premlumpaiaon bonds. $47,566,197 65
I^oanof 1847
300 00
lioanof July and August 1861
21,100 00
toan cf ISeS
10(1 00
loan (f 1863, continued
300 Ou
"Ftve-tweutles of 1862
InOOO
jFlve twenties of June 1864
10,050 00
Corsrls. f 18H5
15,850 00
ConsoUcf 1^67
35,450 00
Oons. Isdf 1808
2i',0."^0 00
Tenfoi ties if 1864
11, 0000
Funded loan of '881
5,000 00
Fundfd hian of 1881, continutd
7,fc00 00
Loan ..f 1882
60,200 00
Mcuijty Und scrip
lOO 00
O d <?euiaud, cnnipjnndinienst, and othernotes
5,056 00
JTatloniil banknotes
23,553,2»8 50
Puichaeeof—
Funded loan of 1891
Funded loan ol 1907
S0,286.150 00
00
13.. ay
6,510,»i>8 34
26,£.07,2,^0
,
Total
$134,947,035 48
As compared with the fiscal year 1890 the receipts for 1891
have fallen off $5,418,847 52, as follows:
SuDBCE.
Increase.
Decreate.
POBt.nl service
„ $5,049,687 80
In ornal rev enue
3,079,543 63
RR. Co
500,0(.0
Slnkinu- fund for P.aciflc railways
flalesof Indian lauds
Bepaym'tof interest by Pao. railways.
Oon>ularfees
Sales of ordn.auie material
Sales ol conrttmned n.ival vessels
Sales of Gt,veriim(nt property
I
Dist. of
Co tunbin
JXprertutions on pnljlo lands
Dopi sits lor surveying imbllc lands....
Taxonseai-sklns
MlF«eUancous Itdms
-'Ca^tems
FrofitH ou coinage, assays,
Sales of publio lands
,
Beiiisterv and rroeiveis' fees
luaimo umenr fees
Iksou national bunks
F>e«on ut ers latuul
Oii8t<
_
tti-oa,
^"'»'
.Jfetdecrease
71,000,0 00 00
$133,000,000 00
ienaiilo8,cto
,[
".
I'.
00
00
00
00
12.5,000,000 00
23,>'0i',000 00
71,000,000 00
$100,000.000
40,000,000
32,000,000
T',000,000
the civil establishment
thomllitarr est.ablishiuent
th" naval esiabiishment
the Indian Service
pensions
For Interest on the public debt
For postal service
$409.000,000 00
Total estimated expenditures
$24,000,000 OO
Leaving an estimated surplus for the year of
a statement of the probable condition of the
Treasury at the close of the present flncal year, Jua« 30 1892
The following
is
:
in the Treasury July 1 1S91, incl. gold reserve... $153, 893,P08
24,000,000
Surplus for year, as above
3,000,090
Deposits during year lor redemption of nat'l bank notes.
Cash
83
00
00
$180,893,808 83
Total amount avaUable
Less
Redemption of national bank notes
$16,000,000 00
during the year
Redemption of bonds, interest not< a
and fracMoual currency to Novem20,911,16300
ber 1 1S91
Redemption of same items during re4,254,500 00
-..-..
mainder of year......
41,165,663 00
$139,728,145 83
estimated that the revenues of the Government for the
will be
$lf 5.000,000 00
From customs
158,0 iO,000 00
From internal ri-venue
22,000,000 00
From mis lellaneous sources
80,336,350 44
From postal service
It is
fiscal
year 1893
:
$455,336,350 4*
Total estimated revenues
appropriations required for the same
period, as submitted by the several Executive Departments
and offices, are as follows
$3,492,089 95
Legislative establishment
Executive establishment—
of
:
$14'',85000
166,510 00
9,103.380 10
2,247,178 00
Executive proper
.•
State Department
rrea'ury Dtpartment
War Department
Navy Denarment
Interior D«partm nt
416,!i20 00
5,20/924 00
923,3i
00
3,360,995 50
lK4,7.'i0 00
175,470 00
Pott Office Department
Department or Aerloulture
Department if Justice
Department
of Labor
"
21,930,343 60
692,600 00
„?'1^24£!i it
Judicial establishment
Foreign Intercourse
26,299,17077
MUlt.ryesiablishmont
Naval estahllshmeu*
Indian affairs
Pensions
Publio
20.365,654 75
8,603,907 76
147.064,550 00
Works—
„„
1,041,885 00
f.ci;l6latlve
3,12.i, 47995
Treasu'y Dei artment
13,20'<,393 00
828, .8^05
290.6'i5 00
W..r D.p.utment
Navy tlopartim-nt
Interior Department
Department of Justice
5,-0000
18.501,208 00
Misce'laneous—
Legisailve
$3,076,141 88
S.OOO 00
Department
De attment
Warl>epar mem
Inieilor Department
Department of Juatico
District of Columbia
State
90
00
00
4,705.787 O
5.002,125 17
9,779.ot.4
5,601. 8tl
3,!i2-;,8
1
'
Postal service
f'ermtnent annual apnropriations
Interest on the publio debt
Refunding— eUHiomsi. Inter, rev., &c
Cidleetlng revenue from customs...
MiscKjlaneous
„„„^„„„„.„
32,656,822 13
80,323,i0051
20,000 000 00
17,431,200 00
00
5,500,0
2t,_0O,0S0i0
73,231,880 00
00
483,794 85
230.257 23
118,212 52
Total estlm'ed appropriat's, exclusive of sink'g fuad. $441.300.093 61
Or an estimated surplus
112,18547
82,30171
77,( 96 89
67,255 06
51 ,S07 00
44,766 81
20,0.i3 46
19,108 01
7,173 b8
266 859 66
of...
$14,036,256 83
SISKINO FUND.
*
,
eto....,.JJ.'.'
Cuftoui House fees
OistoBos
25,0ii0,000 00
Tivasurv
Premium on funded loan of 1891
Premium on funded loan 01 1907
Tmmigianttund
Revenueh f the
$185,000,000 00
152,000,000 00
For
For
For
For
For
The estimates
Leaving a surplus of
(Jli.attanooKa
:
Fiscal year 1893.
.
&
follows
Fiscal year 1893.
year the revenues are estimated as
fiscal
Oaah balance available June 30 1892
48,720,065 01
harbu^s,lolt^,aIsenal» and sea-coast difenses
For the naval < etablishmcnt, Inclu'lng oonstructl .n of
new vetsels, machinery, armament, equliiment and
Improvemi nt at navy-yards
Firfndiauserv ce
Nathvllle
For the present
ordinary ex-
in the
Total estioDated revenues
Ft«mcu«om«
;:—-:
FVom Internal revenue
From proflto on coinage, bulUon deposits and assays.
-•-,-••;
From ealfsof public lands
and land
The
•»»«
There was an increase of $57,636,198 14
penditures
Un,
The expenditures for the same period are estimated as follows:
of the Government from
year ended June 30 1891 were
[Vol.
From cu.'>tom8
From Internal revenue
From miscellaneous sources
From postal service
)
fiscal year 1891.
riteeal
—
$10,146,379 31
2,51 5,'. 52 43
2,328.737 10
The requireii! ents of the sinking fund for the current fiscal
year are estimated at $48,913,025. The applications to the
fund to November 1 1891 consisted of bonds, interest notes,
and fractional currency amountinij to $20,911,163. The additional application of similar items of indebtedness during the
remainder of the year, and of national bank notes red-emed
under the provisions of the act of July 14 1890 in excess of
deposits received during tho year for the red-'mption of such
estimated at $4,254,500 and $13,000,000, respectively,
bring the total amount to be applied to the fund to within
$10,747,362 of the estimated requirement.
lS)6.7a0 03
notes,
179.885
will
3
129.U8 85
4
65,2i«3 f'8
42.305 92
21,198 42
$10,209,103 98 $15,027,951 50
$6,418,847 fa
THB FOUR AND OHB-HALF FEE CENT
LOAIT.
original issue of 4^ per cent bonds authorized by the
actfl of July 14 1870 and January 20 1871 consisted of |131,596,150 registered and $118,403,850 coupon bonds.
The
^
J
Deckvbbe
Daring tbc
12,
THE CHRONICLE
1801
fifteen years' exintence of
the loan thfre w»r« rroeived atid cunwleil if 77.480,7 10 coupon bondN, for
whirh an
equal amount .if reRltterHd bonds was l-.gufd. and thHrn
w«>ra
retired by purchase or rnd^mpti )n prior to April 1 1891
«188 039,300 regisu-red and ?28, 106,450 eoapon bouds. Th«
amount
onUlandinK April 1 was ther.'forrt $33,854,350, of whiuh $41 .
037,560 were registered and $12,816,700 coupon bond*
These
by their terms were redeemable at the pleasure of the
United
States after September I 1891, and were being
receired for
redemption, with interest to that date, 1q pnrauanoe of a
circular Issued by my predecessor October 9 1890.
The bonds ao
redeemed were paid from the surplus revenues, under Section
2 of the act of March 3 1881. the Sinking Fund for the current
year having been completed by purchases and redemptions
of
4 per cent and 4>S percent bonds during July and August 1890
In view of the requirements of the sinking fund for
the
fiscal year 1892, it was deemed advisable to
suspend the
redemption of i)i per cent bonds until after that year should
begin, and a circular was therefore publixhed, under date
of
Apnl 25 1891. rescinding that under which the bonds were
then being redeemed and reserving the residue of the 4)6
per
cent loan for adjustment within the fiscal year 1892.
There
had been presented for redemption in April, prior to the issuance of the circular above mentionedf, $2,985,050. and the
amount outstanding subject to settlement at the option of the
Government after September 1 1891 was therefore $50 869200, consisting of $39,202,300 registered and $11,686,900 coupon
"^
bonds.
Nearly twenty-six and one-half millions of the registered
bonds were deposited with the Treasurer of the United States
as security for circulation and public m -neys, and many of the
banks to which they belonged would be obliged to replace
them with other bonds at great expense or go into liquidation
whenever it should be necessary that the 4)S per cents be surrendered. It was apparent, therefore, that an unqualified call
for the redemption of the loan, fixing its maturity in September, would project a disturbing element into the finances of the
country at a time when its resources are usually severely taxed
by the movement of agricultural products. In the desire to
avoid monetary disturbance during this critical period, and in
the hope that the volume of money in circulation might be increased at an opportune time, through the co-operation of the
banks, the holders of the bonds were offered their choice of
presenting them for redemption with interest to September 2
1891 or for continuance at the pleasure of the Government
with interest at 2 per cent per annum after that dat«. Under
this proposal there were presented prior to September 2 fop
continuance $23,414,000, of which $20,007,100 were deposited
vfith the Treasurer of the United States as security for circulation
and $2,158,000 for
deposits.
But
it
was found that some
owners of 4^ per cent b mds who desired their continuance
were unable to take the necessary steps to that end within the
prescribed time, and an extension of tlie time to September 30
was therefore granted. On that day the total amount of bonds
which had been presented for continuance was $25,412,200,
leaving for redemption 125,457,000, of which $17,910,100 were
presented and paid during the month of September. There
were also redeemed in that month, to correct an error made by
the owner, $47,700 continued bonds, and the amount now ontatanding on interest at 2 per cent is $25,364,500.
888
were received from all s«-otloo« of the eoaotrr
soivm^
piffe InfonDatloo on lh« snbj^ot was
MeorJiMlr ravDtUd Wme«u of a sUtoment which wm printed
In a'/o" iSTla
IMS been sent by mall to th<m„ who ask
for It
The uJSm
therein published appear In their
appropriate pla«« (• thbtrZ
port, and are reprodaeed without
ch»ng«. eia«pt wt to
able for July 11891. which displays
th^r^rin^V
u4
tW
t7
t!^nr",
that date, Ineludiog bullion In the Trea-iiiry.
By Ih" rev ),.k«
or tbese Bgures, the amount of moaer
per capita July
' 1 ISM
has been found to be $38 41, Inatead of
The amount of money la droalation haa b«e« tery
larnlr
increased since the clr.se of the fiscal year.
The amoaat Jmtw
l.*«7.440.707. and the amount
*.'.:
$S «
^r^^p'tlrliL
i.]'.".'
of the Silver Act of July 14 1890 and
dlabawimenUby thi
Treasury on aeooant of the four and one-»-alf
percent ioM
pensions, etc., have enlarged the volume to
|l,577.2«3 (TJO.mmi'
the per capita amount to |24 38. The amount
of »aeb ki^ of
monev in the United States, Including bullion in (he TreaeuTT.
and the amounts in circulation Decemberl
1881, are showa bk
tne subjoined table,
Deeember
1,
1891.
(I'opiiUtlon, 01.080.000; olrcuUtlon
v«r capita,
Oeneral f.ock
Oold roin, Inolud'K bullion
In TreoBury
Stand,
nil V.
diillara, Inoi'OR
coined or
tued,
i»-
illlMWiMtaMft-
/« Tr»at*ry.
*
677,774.895 271.843,193
bullion In Treagiir/
Bubildlarv silver
4ltl,205,aKO
Oodojnlrto»t««.
161,882.1311
Silver ciTt I Ho«tM
Ireaaiirv notes, act July
I4 18y0..
3'M,274,918
39?,809,786
14.3B»,^8S
19,202,170
3,401,308
united States nottg
72.9.'50,a.'S2
1.976,38fl
344,8)l,0lU
13,316,707
Currency
Jiini!
77,a38,022
rertlllcate;, act
a 1872
Matloual bank notes
•
*
40','>31..
C2,6»7.S<
«
« •.S4»,4ilT
143.K49>6<»
330,^7;«,6b>
70.O81
38»
SS3,3S4.3b»
10,138,000
S7(f,003
9,T6S.00»
172,a93,tto7
4,841.751
ie9,18138»
2,303,111,809
727,849 839
i,a:7.a«2g7»
•
•
9M 84.)
•
COIRAOB.
The coinage
of the mints daring the but fiscal year was ih*largest in the history of the mint in this country, axjtrefatiar
119.547.877 pieces, valued as follows:
gVl*! -vv,
•24.1-2 202 !.»
»—
Silver dollars
8iib8lJlary sliver
Minor colua
3«
^;j
•
Sj20O
3&
2.03 KilH
l,l»(i.9J«aO
Total
$6110117179^
during the fiscal j«mr
from bullion purchased under th-* act of 1878 wa* 8.740.337 ;
from bullion purchased under the act of Jaly 14 1890. 27,393^
475 and from trade-dollar bullion, 300,000, a total of 86,233;.
802 silver dollars, upon which the seigniorage, or profit, wa»
16,221,333 42. The profit on the snbeidUry silver eoioage oT'
the year was $93,434 48. a total seigniorage of $6,313.76790.
The total coinage of silver dollars under the act of 18W^
from March 1 1878 to the close of such coinage, has b««*
The number of
silver dollars coined
;
$378,166,793.
The net profit on the coinage of silver during the thir
years ended Ju.ie 30 1891 inc'uiing the balances in the
age mints on July 1 1878, has aggregated $71,953,390 35.
i
PUBLIC MONEYS.
The monetary
transactions of the Government have been conducted through the Treasurer of the United Staters, nine subtreasury officers and two hundred and thirteen national bank
depositaries. The number of such depositaries on November
1 1891 was one hundred and eighty-three, and the amonnt of
public moneys held by them on that date, including those to
credit of the Treasurer's general account and United Stated
disbursing officers, was $20,106,876 92, a reduction since November 1 1890 in number of twenty-one and in amonnt of
holdings of $9,830,810 76.
These withdrawals have been made from locations where
public funds were held in excess of the requirements of the service, and gradually, in order to avoid disturbing the business
of ttie people. Further withdrawals will be made from time to
time when it can be done without detriment to business interests until the holdings of national bank depositaries shall have
been reduced to the amount needed for the proper transaction
of public business.
OIBCtJLATION.
Bars.
In addition to the coinage, gold bars were manofaetated off
the value of $31,163,541 77, and silver bars of the vain i off
$8,437,657 65, a total of $39,603,199 43.
Purchases of Silver.
purchased from July 1 to Anga it IV
1890, under the provisions of the act of February 3i ISTB^
aggregated 3,10S,I99'47 standard ounces, casting $3,049,-426 46, an average of $109 per fine ounce.
The total amount of silver bullion purchased und-tr the aeC
of February 23 187S. from the commencement. March 1 1918^
to the end, August 13 1890, was 333,635,578 19 standwil
ounces, costing $308,199,261 71, an average cost of $1 058 per
The amount of
silver
.
fine
ounce.
The amonnt of silver purchased under the act of July 14
1890, from August 13 1890 to June 80 1891, aggregated U;770,125*61 standard ounces, costing $50,577,498 44. an averag*
cost of $1 '046 per fine ounce.
This important subject has been unusually prominent since
The total amonnt of silver purchased daring the fiscal ytmr
the last annual report. The stringency in the money market under both acts— February 38 1878 and July 14 1890— was
during the summer and autumn of 1890 was relieved by the 56,878,335 03 standard ounces, costing $53,628,921 90, ao
prompt and effective measures of my predecessor, and happily average cost of $l°04Hl>er fine ounce.
disappeared without producing the grave consequences which
The total amount of silver purchased under the act off
were feared by the public ; but its existence, and the wide- Jaly 14 1890, from August 13 1890 to November 1 1891,
spread appret)ension which it caused, induced a revival of the 66,688,536 fine ounces, costing $68,630,565, an average ooak «C
erroneous idea that the volume of money in circulation was not $r03 per fins ounce.
only inadequate to the needs of the country but was very
Re-coinage of trade-dollar bullion.
much less per capita than during the so-called flash times
The act of March 3 1891 directed the Secretary of tk»
which followed the Civil War.
The circulation statement " which has been published by Treasury to coin the trade dollar bullion into silver dollats
the Department monthly since April 1 ltJ37 contains ia tabular soon as practicable. Under the act authorixiogihe redeaipUo*
form full information on this subject for the dates specified, of trade dollars (March 3 1887), it wm lefi di!Kr«ti'>cary wllk
and has proved to be a valuable addition to the regular reports the Secretary to c^in this bullion into either silver d >llaia er
of the Department but in the absence of statements in the subsidiary silver coins, and the discretion had been eseteiaed Im
same form for the preceding years a comparison by the people favor of subeidiaiy silver coins.
The balance of trade-dollar bullion on band Jaae 1
hM been impracticable, and the mistaken opinioa that there
has been a severe contraction of the money volume found ready stored at the mints at Philadelphia ani New Orleaaa i
acceptance. Tuis fact became apparent through letters whico 4,193,756-12 standard ounces, of the vaUe of «4,n3l«U ML
••
•
'
;
fe'
—
v
THE CHUONICLE.
884
As soon as the mandatory coinage of silver dollars required
by the act of July 14 1890 ceased by limitation of law, the conersion of the trade-doliar bullion into silver dollars was com-
LVOL. LIU.
The vast majority of them crowd into our cities and large
towns, with the inevitable result of overstocking the labor market and depressing wages, while the least efficient and more
vicious among them soon drift into our poorhouses and prisons,
to be a continuing burden upon our people. The laws already
Th s coinage will enacted by Congress for the purpose of checking this tendency
and preventing the mischief which would result fr.im unrebe completed daring the present calendar year.
stricted immigration have accomplished something.
The
attempt to enforce these laws efficiently has also developed &
IHTEBIIAL EEVKHUB.
body of information, based on actual nxperience. which should
The receipts from the several obj-fcts of taxation under the be invaluab'e in framing future legislation. While the appliinternal revenue laws for the fiscal years ended June 30 1890, cation of existing laws has very greatly diminished some of the
and 1891 are as follows:
specific a'luses at which they were aimed, it obviously has not
Fiscal year elided June 30.—
prevented a lar^e increase in the total volume of immigration
iTie.orDee.
1891.
1890.
* „„ ., and a distinct deterioration in its average quality.
9
OMecU of taxation—
$
83,3.'J5,9fi3 64 +1,04«,588 o5
81,687,37.'> 09
The chief causes of the current increase of immigration lie
Distilled Bl'lrits
Mamifaeured tobacco.. 3;i,95?,991 06 :i2,79s'^70 97 -1.162,720 09 on the surface. The higher wages, the better scale of living,
28,.'>6.'j,129 92 +2..'>5H,.i95 18
26,(508,534 74
Fennpnted liquors
+;91,632 42 the general and fairly uniform prosperity prevailing ia this
1,077.924 14
786.29172
Oleoiuarrarine
260,127 30
+106,623 34 c )untry, coupled with commercial and industrial depression
153,503 96
Mtacell. collections
abroad, the present trifling cost of steerage passage, and the
142,594,696.57 146,035,415 97 +3,440,719 40 wide publicity now giren to all the first-named
Total
taaia among
of
internal
reveuue
for
sources
all
receipts
from
The
Europe, are a sufficient explanation, though
$146,035,415 97 the mass' s of
the liscal year endi-d June 30 1891 were
other reasons oontribate to the result.
The receipts from the same sources for the fiscal year
142,594,696 57
ended June 30 1690were
Among the more obvious and fatal weaknesses in the present
attempt to winnow somewhat cur incoming tide of immigraMaklne an increase In the receipts for the fiscal year
$3,440,-19 40 tion, and to exclude certain classes of aliens who are admitted
Jistlndedof
by all to be either dangerous or undesirab'e, are thes^-: (1 In the
worst and most important classes of cases, to wit, criminals, exThe total cost of collectlan for the fiscal year ended
49
$1,205,655
wa'
JuneSOliOl
convicts, polygamists, and illegally "assisted" immigrants, th«
The total cost of oolleotion tor the fiscal year ended
4,095,11080 law supplies almost no means of ascertaining the facts. The perJune 30 1890 was
sonal statements of such immigrants obviously have little value
June
tor
fiscal
year
ended
oolleotion
Increased cost of
as evidence, and it is only by accident that any otber source
$110,54169 of information is open to the inspection officers at the
30 1891
The amounts herein stated are the amounts actually col- port of arrival. (2). With the increasing efficiency of inspeclected during the ^scal years mentioned, but in many cases the tion at our several seaports, and the fact of this vigilance made
money collected on the last day of June is not deposited until known to intending emigrants in Europe, an increasing numthe first day of July, thus causing a discrepancy between the ber of aliens are now 1 luding at Canadian ports and thence encollections and the deposits.
tering the United States by rail, thus practically avoiding all
The increase in the cost of collection for the fiscal year effective scrutiny, besides depriving the immigrant fund of the
ended June 30 1891 is due to various causes. The appropria- head tax which would otherwise be paid.
tion made by Congress for salaries and expenses of ageflts,
Congress alone can remedy- thsse glaring defects in a system
gangers, storekeepers, etc., amounted to 12,100,000, but owing which has thus far necessarily been tentative and experimental.
to a large increase in the products of distilleries operated dur- Plainly the process of sifting immigrants should at least begin
ing the fiscal year, which resulted in an increase of the taxes abroad, to be completed and not comm-iuced at tlie United
collected from spirits of more than $3,000,000 as compared States port of arrival.
Some system of investigation or certiwith the receipts of the preceding year, tbe actual expenses fication, consular or otherwise, in the country wtiere the inunder tbe above head exceeded the amount appropriated by tending emigrant resides, is believed to be entirely praiticable,
$3,451 58, for which unpaid accounts are now on file and fo- and such a system, 8npplem»'nted by continued vigilance at
the payment of which an additional appropriation will be nec- our ports of entry, ought to prove effective to the desired e'ld.
essary. In addition to this, there were gauged 193,557 gallons Considerations of humanity as well as of efficiency require
of grape brandy used in the furlifleation of sweet wines, upon that aliens of the prohibited classes sh»ll not be permitted to
which no tax was paid. The actual work demanded under this come across the ocean to our porta only to be sent back penniprovision, iu addition to the above figures, was the gauging of less and stranded.
1,083,274 gallons of sweet wines, and a number of deputy col.
lectors and other officers were required to be employed in the
DISTRICT OF COLUJIBU.
work of supervising the delivery of this brandy to the wioe
The net expenditures on acaount of the District of Columbia
oiakers.
for the fiscal year 1891 were $5,635,510 61. The revenues deIf expenditures of this character, which can hardly be fairly posited in the Treasury on this account for the same period
construed as entering into the cost of collection, could be sepa- were |2,853,897 74
rated from the total expenditure, the cost of collection for the
There have been issued during the fiscal j^ear 1891 $50,750
fiscal year ended June 30 1891 would be very materially reof the 3 65 per cent bonds, in satisfaction of judgments of the
menced.
total number of silver dollars coined
bullion to November 1 has been 3,260,100.
The
from trade-dollar
.
)
.
duced.
'
The percentage
of cost of collection for the fiscal year ended
Jane 30 1691 was 2'88 per cent, as against 2'82 for the preceding fiscal year, tbe increase arising as above stated.
•
»
•
•
•
•
•
»
IMMlaRATIOll.
Pnrsuant to the evident intent of Congress as expressed in
the Immigration Act of March 3 1891 all contracts with State
boards have been abrogated, and the immigration business at
all ports of the United States is now controlled and managed
directly by the Treasury Department through a commissioner
of immigration stationed at each principal port of entry,
assisted by a suitable number of inspection officers.
The
change proves to be a beneficial one, giving to the service uni*
*
*
formity, method and greater efficiency.
The arrivals
or the year ending June 1 1891 show an increase of 94.376, or
more than 22 per cent over the previous year. The ariivals
during the first four months of the present fiscal year (ending
October 31 1891) have been 189,778, an excess of 40,595, or of
more than 27 per cent over the corresponding months of 1890.
Court of Claims against the District. There have been retired
by the operations of the sinking-fand during the same period
$331,500 of the bonded indebtedness of the District, making a
net reduction of $280,750 and reducing the annual interest
charge $16,9o2.
The net reduction in the bonded debt since July 1 1878 is
$2,606,350, and in the annual interest charge $177,339 72. The
bmded debt July 1 1891 was $19,503,300, of which there were
due an^i payable on that date $2,490,200 6 per cent bonds and
$276,700 7 per cent bonds. To provide for the payment of
these bonds Congress, by act approved March 3 1891, authorized
the issue of 3 50 per cent bonds, and the Treasurer, in compliance with the provisions of the law, caused the bonds to be
prepared, advertised, and has sold $2,400,000 at a premium of
live hundred and thirty-one one-thousandths per cent, realizing
the sum of $2,412,744, to be applied to the redemption of the
matured bonds. The act also authorized the sale of sufficient
3 SO per cent bonds to pay the bonds maturing in 1892.
The amount realized from the sale of bonds ii which the retentions from contracts with the District of Columbia were
This eitraordiaary and progressive increase in ttie tide of alien invested, in excess of the amount due the contractors, have
immigration to the United States, which does not include the been deuosited in the Treasury as a miscellaneous receipt to
increased arrivals via Canada, has not failed to attract the the credit of the United States and District of Columbia in
attention of the whole country, and it will doubtless command equal parts, as required by the act of February 25 1H85. The
the early consideration of Congress. If ever there was a ques- net surplus from this source at the close of the fiscal year 1890
tion which ought to be treated independently of partisan poli- was $30,676 18. Daring the fiscal year 1891, in settlement of
tics this would seem to be such a question ; and the practical
these accounts, the sum due the contractors is in excess of the
unanimity in this matter of our citizens of all parties and of amount realized from the sale of bonds, showing a net lo.ss of
whatever nationality furnishes the opportunity for the adop- $2,609 22, reducing the net surplus at the close of the fiscal
tion of measures dictated solely by patriotic considerations.
year 1891 to $28,066 96.
An analysis of the statement of arrivals during the last fiscal
The detailed information in regard to the affairs of the Disyear shows that an increasing proportion of immigrants is trict of Columbia will be found in thert'port to be submitted by
comic g to us from those classes and those countries of Europe the District Commissioners and by the Treasurer of the United
whose people are least adapted to, and least prepared for, States, ex-ojjicio commissioner of the sinking fund of the
citizenship in a free republic, and are least iuclinecf to assimi- District.
Jate with the general body of American citizens.
The several reports of the heads of offices and bureaus are
With the approaching exhaustion of the supply of free herewith transmitted.
FOSTEti,
arable land in the United States only a trifling percentage of
Secretary of the Treasury,
immigrants now engage in farming on their arrival in this The Vioe-Presidknt of the United States and
country, whatever may have been their former occupation.
PaKBIDEHT OF THE SENATE.
CHARLES
.
«
.
DEOUtBBB
THE OHRONK^LE
t3, 1891,]
REPORT OF THE COMPTROLLER OF THE
CURRENCY.
OmOB
•
•
DBPARTMKtrr OP THB Trbabubt,
^
OF THB COMPTROLLBR OF THB CURBBSCT,
\
VVA8HIK0T0M, D. C, Dec. 7, 1891. j
•
»
The ye»r covered by
•
this report
••
«
eoded Oct.
31, 1891.
At the opening of the report T«ar tho stringenc/ which
oharaeterized the money market aarinj? the aotumo of 1890
WMatltK heijth', \\» most diHastroait effeoti) YmtM.g been frit
daring the month of November. A period of liquidfttion then
«et in whifih had hardly sp^nl itji force when the bountiful harvest of 1891 broaj?ht much-Deeded relief.
NotwithHtiinding ih« unfavorable conditiong indicated. 193
new bankH were organized daring the year,
located io 41 Srates
and Territories, and possessing an a«rgregate capital of |iO,700,000.
The accessions are numerically in access of the average and have been exceeiled in only seven out of the twenty,
aine years during which the svstem has been in operation.
Daring this tweltemonth 41 banks went into volanta^y liqaida>
tlon and 26 became insolvent, leaving as a net gain for the
report _fear 127 associations, with a capital of »13,853,000,
which IS, as to nnmber of banks, preoinely the net avernge
•
yearly inorease darini; the life of the system
•
•
The number of banks in existence October 31 1891 was 3,694,
having in capital stock t6S4,765,865 bonds deposited to secure
oirculatioD, 1152,113.850 ; bank notes outstanding, I171.36J. 948,
including $35,430,721 representing lawful money deposited to
redeem circulation still outstanding. The aoouat of circulation secured by the pledge of United States bondn has increased
during the year $11,795,101. The following table gives the
amber of banks organized daring the year ended October 81
1891 in each State and Territory, with their atrgre^ate eanital.
;
ataUtand TtrrltoHu. Nn.
o'
Cjpttil.
hankt
17
17
tl.sin.(iao
WasbiiiffWa
11
11
II
TiO.OiK)
«,>«0,0X)
10
10
U
i,iO:
low*
Kebraska.
Now York
Kansas
KentuokT
Maryland
fl
S
a
Mtua>'8ota
Uuntaua
e
a
..-
Cajittol.
IwnilEt.
Texas
Illinois
Stala and Ttnitorta. Vn. 0/
l.<>ao.oo<i
;7».oi)0
Tennesspe
»40,noo
West Virginia
lG»"rgli
liXS.100
Sin.dOO
SOO.OOu
l.oloruao
LoulsitDa
lOO.OuO
DKMfHI ;Mal.ie
01)
IBO.OOO
Micfiixan
iso.ooo
[Sew Mexico
4l!t,o(w
l.isn.'ioo
;ioo,ooo
Si:-.0"0
Ut h
4t,0U00
i.85y.0"0
|id!ihii
lOil.OOO
1
District of Colui"
^
AlubHin^
Arkansas
00.000
VOIi.OiO
80.1100
.lO.OllO
885
1 he moat notabia f#«tar» of tb« taitmohtg tobia li thm kiM
number of .HSiclatlnna which have l^rae (o-olvfiit
dorS*
'
' ^"^ sbKregste 25 banks, with » capital
o' |B,66X.
'-JJr
Lu"?
0(H).
The year 1873 however. .p,,ean. to h.v, b«„ thenSl
disaationa In point of capital, an during that
p-rlod th« failan
of U banka. with a eapiial of la.SJ^OOO. U
r«o..rded.
Tha
next In p.iiut of Importance was 1877. when
t»n failorw oc
ourred, represent lug a caiiital of $3,344,000.
-„^'.-""' ^^ fsiled banks, having an aggregate eapital of
»3.6«3.00l». 13. representing
Jl.187.000 of capltil. wew
in
Kansas ami Nebraska.
larger part of the failores
The
toM
In
thMe two
ww
Staten
attributable to four ancceasive crop failares. and seema
to be the
result of anavoidablo misfortunes rather than
the lack of
honest and efficient roaoagement. In many cas**.
however,
tlie anfavorabie conditions were
greatly aggravated by the
coilap-e «f unwi.sH Rpeculatiou In real eetate,
more wiMeiailr
in city and anburhan property. »
»
•
•
»
The fallares for the current year have b4»en nnmeroa*. many
having been characterized by gross mismanagement and some
by criminality of an agKravated character; yet nothing haa
been developed which indicates that the eonflcience in national
banks on the part of the general public, which Is the outgrowth
of an experience of twenty-nine years, has been ill
founded.
It IS idle to suppose that absolute immunity fronr
failure can
be eecured by the operation of any law which fails to provide
for absolute and complete governmental guaranty.
That failures will be far more numerous during some years than otheia
is to be expected.
This is true of every variety of busineM
activity.
The banks of the country are mere ageneiea through
which the commercial and business operations of the people
are conducted, and of necessity the losses which attend theaa
operations are reflected in the profit and loss ac(!onnta of theaa
agenoiee. Tlie net earnings of the banks afford a good criterion
for judging as to the measure of success which baa attended
the business operations of their customers.
It is a well-known fact that periods of bnsinees activity
and
depression follow each other at reasonably well-defloed iotervals, and that no means have been found for preventing
the
regular recurrence of what were under other conditions known
as years of panic. There is no doubt that the introduction of
the national banking system and a well secured currency of
uniform and certain value has served to greatly modifr the
severity of these periodical visitations and convert what were
formerly panics into more or less severe depresaions. The lat-
ter condition wn have just experienced, and it is not remarkable that during the past twelve months while the country was
snffeiiiig from a mometary stringency which has rerioosly
ft0.ii"O
Vtrirt'la
80.000
affected the entire commercial world- we should have witneased
Florida
60.1110
North oa,. ta
Udii.'HlU
the failare of 26 banks oat of a total of 3,694.
4
Wyoming
60,000
Massachusetts
3
aio.ooj
That the law under which these associations operate is abJNorth Caruitua
»
tSO.'HJO
Total..
103 8l'.7iK>.000
Oresun
avi.0'1')
solutely perfect no one well informed will cUi.n; bat that it
3
ha8 afforded grratersecarity to its depositors and creditors
It will be observed that Texas and Pennsylvania still
stand
at the head of the list, as they have during the past two rears, than any other system is indisputable.
Since the foundation of the .system 4.848 associations have
with 17 new assouiati 'QS in each, Texas, however, havii'g the
larger capital. Following these come the States of Wanhiog- been organized, of which 164 have become insolvent, equal to
Of this
ton, (llinois and Iowa, witu 11 banks each, and Nebrahka and about 3>< per cent for a period of twenty-nine years.
NewYoik, with 10 eaih. Kansas shows 9 new associations number tlie affairs of 102 have been finally settled, representand ranks n it to New York. It will be observed that not- ing {3^.544.992 of proved claims, upon which the claimanta
withstanding the fatality attending banking operations in have received on an average 74' 17 per cent, constitating a net
Kansas and Nebraska these States take prominent places in loss to depositors of $7,372,036. The affairs of 62 banks are
still unsettled, repnsenting claims proved to the amount of
point of new org-^nizations.
Uf the associations entering the system during the year, 99, 129,217.036, on which have been paid |17,456, 167, leaving asor slightly more than one-half in number, are located west of sets estimated at 13.702,925 yet to be distributed, which would
represent a loss to creditors of 1(18,087,944.
the Misissippi River and 59 in the Southern States.
»
•
It will be observed that losses to creditors of national banks
BASKS ORGAMZED, CLOSBD, ETC., TEAB KNDBD OCTOB'R 31
during the twenty-nine years of the existence of the system.
taking the amounts ascertained and the amounts estimated,
OIoMd.
Ifet yeatiy ^ncrta^e
aggregate $15,459,930, or an average of $.'S33,103 per annam
Organized,
In not until rv
or deirejte.
during the life of the system.
InMlvmt.
liq^iiilati'in.
The average amount of liabilities of all the banks since 1883
No.
Gttpital.
Capi'at
No. CapUaL
tro.
Capital.
approximates $l,0!i5.434,022, indicating that the annual aver~~1
age lods to the creditors of national banks for the period of
ISO?
1M lH,lf?,700
+134 -H6.»W,7C0 twenty-nine years haa been only one-twentieth of 1 per
MIss.uri
5
5
S
&
4
Ohio
1804
18S5
.
4S:( 79.8a '.woO
1,014 2IZ,811!,M"2
St
8,318,180
»tV)
18«7
ISdS
1(1
«,*i«,.')Ou
IV
1,210,0
>0
8:10,(100
fiOiI.OUO
2,1*1.1)00
2,445,6(10
.1.372,710
1,170,100
»
1870
1071
1711
lli,';l»,
178
on
18,'-8a.i!00
7.I10.'.700
3.524.. 00
71
107
6.74S,'iOU
2,7«.o,(i00
llt.tiK.llOO
?h>
K7d
1873
INTl
1875
TH7»
IS77
1878
Sfl
?»
n
88
W7»
a.73'f,000
00
2,550,000
1
1K»,800
S,-2O,iO0
2.565,000
K.SS-.iXH)
2,5:l».A00
2.774.000
4.m7,801J
3,ei«, 00
8,750,iK)0
5711.000
3,
410000
S'i,i'(ai
ISo.oou
—7
—9.2114.900
-27
—1,079.600
-6
-3
7011,000
+45
««»
2s,a.54,s50
10,04 a,2)l)
7,7at».00i>
3.V),iXI0
lUl
,S,147,i80
1,285,000
1 ",931,000
17.85«,.'M(0
-(611
1,^'iV
KOn.OUO
OSVXr
lil,i!40,000
4316.000
280.000
ism
6,0B'<,0ilO
780.0111.
1U3
30. Ml.oOO
aii,"oo,ooo
Total.... 4fl»8 683,463,182
Deduct deorease
108,491,000
3.662,000
— I,*»,0(K)
+.%I04,I70
4-7,731,050
+19,OV>,90(>
-t-Hil
+2it,45»,8IJO
< 8,9r>a.aao
-H6S
+S48
211
3117
-840,V00
+ 141
+194
ISUO
+25V0O
+146 +l'.337,(IOO
-2«0 +20,*ia,»50
+ISO +11,109,980
+>« — l,SIH,8tM
1,580,1100
1,90' 1,000
iKSvl
.
-(-86,
I,ii.t0,i«l0
18S4
1885
lSs«
18S7
1888
4,485.000
—114,000
+1».0«ii,000
+18,001,4(10
+7,5i8.I.MM)
l^<83
I2,<I5.S,II00
-H30..SI10
+:<,7U0 600
3ii,'i;iH,3>i
1,651. liiO
—1
+•
+ei
2^7
2.837,480
4,171.000
-l,H4S.6O0
—1,922,710
—a
-(48
1,920,000
16. '20.000
ai,;<»M,iioo
Sil.54«,00<)
-10
1,000,001
»65,iiOO
3,H»l 0011
2,6 2,.V)>
B.374,i70
9.151.0.0
148
174
+7,'(65,15«
+Iti8
Sit
2-8
1<«
+i«
^tua.lOi
8,M^S.0
2vi,u00
ISSO
l«fl
l»1i
87
SO.OlO
+199
.450.(Ki0
2.lsi',5')il
KO.iOi
-r4S0 +7P,'We9 o
80,000 +1.007 f«48,16i,li2
680,000
18<19
l.Tllii.OlO
73,1 II
ilndianii
(00,000 ilndlaii Terrltorr..
800,000 LMlsg'sslppi
41111,000
New II -imps hire...
200.000
''ew Jer.Hey
+1«.674.00(J
-(-:l0.45(i.()0o
+U7 + I2,.553.00«
30,6<0^»00 +3,742 l-85J,(»6,7c2
14,«4J,900
.
Total net
Increase
tMI.411.««J
•••••
cent.
MOirSTABT STBUtOBHCT OF 1890.
•
•
As has been noted, the monetary stringency oulminated oa
the ISth of November 1890, and its effects within thirty daya
thereafter had to a considerable extent passed away, so far
could be observed in the larger citiee. Ita eff-et upon the
country at large, however, still continued. Inability to plaea
securities and to borrow money bad arrested the o|)eratioas of
a great multitude of corporations scattered all over the conntry, and insolvency and failure had in a large number of eaana
eusned. Where failure did not take place new work
ntopped. all credits were curtailed, and busineas in its different
forma became greatly depressed. The growth of eitHss and
villages was io m4av cases arrested, and the prieea of dty
•
•
wm
property, especially of s sabarban character, became greatly
reduced.
Corporations newly organised, with intnfficient capital and
inexperienced management, generally became insolvent, and
speculative operations of every kind and character were prua>
tratrd. Liquidation took place io all braocbes of bnsinras. resulting in the failure and extinction of a large nnmber of ba«i>
ness enterprises which were never entitled to credit, and io the
enrtailment of the operations of many poeaeosing ample capi-
'One bank restored tu aolvenuy, makiuic 3,tt»4 gulux uuuKd.
tThe total autliorlzed capital stock on October 31 was $t;'<-t,75S.86,'5;
tal and skilful management.
Ui8 paid-in caiilial.$BSy, 2 18. 175, lucludlng the capital atook of lluui
The process of liquidation above referred to did not end
dating and In solveut binks which have not deposited lawful money
(or the retirement ot their olroalattng notes.
son*
-^ ^ ( with the monetaiy inngeDoy in December 18S0, bat
,^| tiM
^^
hM
: :
THE CHRONICLE
886
still felt and Us
tined since that date, and its icflaenoes are
The sobjeet is here discussed because of its
effects observed.
intimate connection with the bank failures of 1891.
CLEABIHQ HOUSE LOAN CEETinCATES.
of
a general monetary stringency is
effect
The
[Vou LID.
dlreotorsof the respeotive banks, memi>ers of the aflsoQlatiin. and a
certified copy of such consent delivered to the chairman of the loan
committee.
The form of the loan certificates issued nnder the resolution
above alluded to was as follows
:
felt Hrst
and
No.
reserve
most Eeiifusly by banks located in the larger of the
Whenever financial affairs are in a normal condition
cities.
find their way to the
the surplus funds of the local banks
in the great centres
vaults cf their correspondent banks located
due in part to the
of business activity. This is undoubtedly
made available for lawful
fact that these deposits may be
is, as a rnle,
money reserve and that a small rate of interest larger
cities,
in the
paid upon bank balances by associations
good balance
and to the farther fact that the maintenance of a
the claim of the inwith their city correspondents strengthens
re-discounts when the tempoterior banks upon the former for
away and the increased
rary condition of rednnduncy passes
their
demand for money is greater than the interior banks from
resources can conveni>-nlly supply.
,.
^
,
Thus it results that the wantn of a continent in case of genvarious channels
eral depression are at la^t brought through
or loans, to the
of business activity, by way of withdrawals
they are
bankers of the great metropolitan cities for relief, and
.
presented in such a form, in many cases, as to preclude tbe
is to be avoided.
possibility of refusal, if general bankruptcy
Daring the period of the stringency under discussion the
Boston were subjected to
cities ol >'ew York. Philadelphia and
considerathe most pressing demands, and after very careful
Uon i', was decided by the associated banks that the exigency
made cecesfary a resort to tho issuing of Cleanng-House loan
Clearipg-H..n<e balcertificates for the purpose of settling
resorted to du'ances. Tliis expedient had been successtully
$5,000
,
Loan Commiitee of the Boston Clearing HoaEe Association. Boston,
189
This certlllPS that the
has deposited with this committee Beouritles in acoordaiice with the pri ceedinga of a meeting
of the association held November 17 1890, ui)on which this certltl.
cate
Is
.
issued.
This certificate win be received In payment of balances at the
Oearinar-House for the sum or five thousand dollars from any member of the ( learing-Hciuse Asfociatlou.
On furreniter of this cflrtiflcate by the depositing bank above
named, the committee will indorse the amount as a payment on the
obligation of said bank held by thera, and surrentler a proportionate
shaie of the collateral aecaritles held therefor.
$5,000.
Commiitte.
When
a bank applied for and received loan certificates it was
required to deposit the necessary securities and to also execute
and deliver an obligation, of which the following is a copy :
The
Bank has this day received of
lean committee
of the Boston Cleariug-House Association, loan certificates issued by
,
said committee in pursuance of a vote of i^aid association, passed Nothousand dollars, and has devember 17 1890, to the amount of
posited with said committee the securities a statement whereof la
hereto annexed, and said
Bank receives said lean certlHoates on the terms set forth In said vote, and agrees to pay the amoaat
of said cerllficateii, with interest thereon, as provided In ga d vot".
Under the operation of the resolution of authority granted
by the Clearing-House committee as above noted, loan certificates were first issued on November 19 1690, and the last were
On the latter date the issue
issued on December 6 1890.
„,
reached its maiimnm of |5,065,000. The last of the issue was
ingthM panics of 1873 and 1884.
„
At a meeting of the New York Clearing-Honoe Association retired on January 6 1891.
on the 11th day of November, 1890, the following resolution
The Clearing-House Association of Philadelpbit took action
was unanimously adopted:
on November 18 1890, at which time, at a meetiug of the
Rfotted, TLat s commfttce of live be appointed by tUfl clinlr, of Clearing-Housa Association, the following resolution was
which llie chaiiiiiau snail i>e oi e. to itceive from b»i ks, meujberB cf tbe
afBoilHt.on, bills re<elVBl le and mhei geomUle». to be aiiproved l.y eaid adopted
.
committee, who slml be authoiired to i-sne ttierefor. to nich depnsliin^
pi r cent per auimn), and
taiik*, loan cenlflcateB bearing inter«i-t at
lit ter i-veiy
In a 'ditUm thereto a conlnlls^lon of one quart, r of 1 Jier c_
cerliUthirty daTB snch ceiti«<ate« shall r. main unpaid, aud such loaB
value
nl the
maiket
of
the
percent
oatcs shbil not be In excess of 75
securities of bills if celvub'e sodepos ted. and suoh ceriiflcat<>8 shall be
House.
CI
arlng
s
the
balanc
at
received and paid In tettleuient f
Under th s resolution a committee of five was appointed, and
they proceeded, upon deposit of proper securilien, to issue to
applying banks loan certificates iu the following form
$:o.(KO
No.
i
:
.
Loan Committee
of the
New York ClearingHouse
Association,
Kew
1*90.
has deposited with this committee
This certifies that the
or a meeting ot the aseoceedlu^s
necnritles In a e rdauoo with tho jr
olai ion held Koveiuber 11 ls!»0. upon which this certiticate 1m iftned.
b;il mces ai: iho clearirg
of
paym
nt
This certificate w 11 b- recelv<d in
lionse for 'he -uin if t» euty thouBand dollars from auy member of the
Clearliin-Hou^e APBOClatlon.
Ou the surrinderof Ills certlflcate by the depositing bank al>ove
aiui as a pavment i>u theoblttie« wllUnrtorso the
nauied the con
gatiou 0' said bank held by hem, and turrender a proportKnate shaie
of the (iiUuteral tecuiitles he'.d tuerefo".
York,
m
These
,
>
certificates were,
m
Com m Met.
by nnanimous agreement upon the
pait oi the Oieaiiug-House banks, accepted iu licU of money in
the Settlement of Clearing- House balances.
In order to provide for tb« retirement of these securities in
case llie c llaterals pledged wern found insufficient, the several
beards of directors of the associated banks were lequested to,
and did. pass a resolution in the following form
Aoo/srf. That sny In^B tesnl ing 'rom the issue of loan certificates
9hi 11 be lion e ly t. c b uks vompl-lni.' the Cle: ling-Huuse A^soclat^ln
pro rata lit chpital and surplus, s-nd Ibis resilutiim shall be ratified by
the boniilsof the ren>pctlve bankp, members of the assoclUion. and a
cei tlfli d copy of tuch cuuemi ilelivercd to tho chairman ul the loan
:
comuil
tee.
i?e o/»f<f.
as
That
In
accordance with resolutl'in of September 24 1873,
18. 1873, the Ciearing-IIittse committee will issne
b.nks applying and receive them Iu payme:)it of
amended October
an
certificates to
bala oei.
!<
The resolntion of September 24 1873, as amended October
18 1873. reads as follows
Fur the nnrpoBe of enabling the banks, members of the Philadelphia
Clearli.g-Hoase ^ss'O la ion, lo afford proper assistance to tho meirantlle anduiauuactnring community, and ali^o to facilitate the inter-bank
settlements resulting from their daily exchanges, we, the undersigned,
do olud ourselves by the following agieomentou the part of ourre:
spe ti^e hanks. \\z.:
Firct. That the Cearing-Honse committee be, and they are hereby,
authorized to U sue to at. y bank, member of the association, loan oertllfcates bearing 6 per cent Interest, on the aep islt of bills recelvatile and
other seci rules to (uota an aiuouit and to suub pcroeLtage thereof aa
may in their Judgiucut be advisable.
rnese CI rtifliates may be used In settlement of balances at tho
Oearinglloute, and they shall be recti* id by creditor baiks In tho
same propoition as tbev bear to t e aggreg.>te amount or tlie debtor
balanciB paid at the Clearing Hiuse. The Interest that may accrue
upon these certiflcafes shall be apportioned munthly among the banks
»h'cb shall have held them during ihar. time.
Second. The seourities dep isited with the sail committee ehall be
hel 1 liy thein In tru«t as a special deposit, pb-dg^d for the redemption
of the certificates Issued thereupon, the sumo being accepted by the
ooniuilttee as oillateral security, with th» express condition that
neiiher tl e CIi arlng-House Association, the Clearing House committee,
fir any loss on said col1 or any member lb reof, shall be respoudble
later»ls arl lug from failure to uiake demand and protest, or from any
other neglic or omission other than the refusiU to tak* some reasonablo slop which the said depositing bank uiay have previous y r»qi ired iu writing.
1 bird . Ou t he surrender of such certlflcatce. or any of them, by the
depositing bank, the cnminittee will Indorse the amount as a payment
on the o ligation of said bank held by ihi m, and will urrender a propot lionate amount of securities, except in case of defau t of the bank
In auy cif Ids trans Bctioni ihiough the Clearing Hotise; In which case
tho i-ecuritieswlll be uppl ed tiy the committee. Brat to the payment of
outstaurluK certificates, with Interest; next, to tie liquidation of any
indciifeduc B of such bank to the other banks members uf the Clearing
•
House
A'Boclntli'n.
F.iurih. The committee shall be authorized to excl.ange any portion
of ^aidlecuritles :or others, to be approved by them, and suall have
power to demand additional f ecurlty. at their own discretion.
Fif tl'. That the Cleanng-House committee be auttorized to carry into
full I fleet this agreement, with power to establish such rules and regulations for the tactical woi king thereof as they may deem necessary;
and any I'SS caused by the non-payment of loan certiticates shall bo
assessed bv the committee upon all the banks In the ratio of capital.
Sixth. The expenses incurred in carrying out this agreement shall
be assessed upon tLe banks In equal proporllon to their respective
This committee, acting under the aat^ority granted by the
above rtsolation, issued to the associated banks loan certiiScates
aggregating $16,645,000 The first issue was made November
12 1890, and the entire issue was retired on February 7 1891.
The largest amount outstanding at any one time was $15,205,000, on the ISih of December 1890.
On the 17th of Novi mber 1890 similar proceedings were had
,
,
,
,
by the Boston Clearing-Housa Association. On that day, at a caoital.
Seventh. That the Clearing- House committee be, and they are hereby,
meeting of the association, the following resolution was un- authorized to leiminate this agreement upon giving thirty days' noOco
thereof at any stated meeting of the Clearlng-Houso Association.
animously adopted
PniLADELrniA, November IS 1890.
Retolred, That a committee of five be appointed by the chair, of
At a meeting of the Clearlng-House committee, held this day, It was,
which committee the chuiiman shall also be a, member, lo receive from
banks, mrmbcis of the assoilation, bills receivable and other securi- on motion
^^^
September 2
I
:
be ap roved by said committee, who snail be authorized to
Issue iheiefortosuch deposliing banks. l'>an ceitiflciites beailng interest at 7-3 per ccLt per annum, and sui h loan certificate shall not be In
eicef8 0t75 per cent of the luark-t value of the securities or bi'ls receivable so dtposltod, and such certlfloates shall bo lecelved aLd paid
in settlement of balances at the Clearlug-House.
ties, to
1 1973,
Rttolved, That in accorlance with resolution'! of
as amended Oct. 18 1873. theCleating-liouse cnmuiltiee will issue loan
In
payment
of balreceive
theiu
and
apply
iu^^,
certificates to banks
ances.
The form of loan certificate issued by the Clearing-House
Association of Philadelphia is here given
$5,000
No
Clearing House committee of tho Philadelphia banks, Philadelphia
:
observed also that the ultimate payment of the certiIt
ficates in case the pledged collaterals proved to be insufficient
was provided for through the ratification by the boards of directors of the respective banks of the following resolution
passed by the Boston Clearing-Hottse AsEociation at the meeting above noted
Bemlvcd. That any loss arising from the Issue of loan certlfloates
rtiall bH borne by the banks comprising the Clearlng-IIoa^e Assocla'"'""• *"' <"""« I" the average dally amount which each bank
**i"'„''r°
is
'
.
o
S
o
:
BjiaJlbave sent to tho clcaring-House dui ing the preceding year. It
•was also voted that this lesolatlon aball be raiiuel by tbe boards of
??
S
o
g
r^
,1891.
Bank has deposited with this
This certifies that the
comnilltee securities in accordance with tiie agreement of a meet24 1873. This certliloate will
held
September
oHloers
ing of bank
be received during the continuance of said aitri ement and of any
balances
at the Clearing-House,
in
pavment
of
same
leuewals of the
for the sum of five thousand dollais, only from a member of the
may have been lasame
Association
whom
the
to
Clearing-House
sued, or to whom It may be endorsed by the manager of the Clearing-Uouee.
DkckUBEB
THE CHRONICLE
19, 1891.]
On tlKMoirrnnder <(
tMioertllloale by tliednpoiiilan bknk aboTS
nniiioil, ilic committee will endoriio tb« amoiiot >•• paymcDt on
tno obllfratloii of suld linuk lielil by ibcm. nnil mirrenaer ajiropnr
llonatu Hiiioiint ot the oolluMiul HcourlUcit, «xoti|it In oiine of ilerault
on tliepitrtof H-ild lunk in Iih trauaactluua lliruugb the CU>arlh((Hoii-ie A«sui'latlun of PUIliidilplilu.
CommlllM.
»}
I( will be observed that the original agreement nnder which
the ooiumittite preceded in this case waH adopted duriog iIih
panic of 1873, and after that subsided no further action wa»
had aoder it until November 1890; but the machinery waM krpt
fitanding dufing the whole intervening peiiod ready for immediate use whenever required.
The Cleariog-House committee having, by the agreement
aforesaid, been authorized to ieaue loan certificates, resolved,
on November 6 1890, to exercise this power, whereupon the
banks desiring to take out loan certiflcates were required to
adopt a resolution em{)owering the hypothecation of securities, ander'which the issue of loan certificates, signed by not
less than three members of the committee, was commenced on
November 19 1890. and ceased on May 23 1891, the total issue
being 11^9,655,000. The maximum issue, $8,870,000, was reached
on .Tanuary 9. The certilicates have all been retired excepting
$170,000 issued to the Keystone and Spring Qsrden Dational
banks.
DOMESTIC EXCRANQEa.
In his annual report for 1890 the Comptroller published certain data in relation to domestic exchanges of the United
States which exhibited the amounts of drafts drawn duriag
the year end-'d June 30 1890 (li upon national and other
banks in the cities of New York, Chicago and St. Louis, separately stated ; (3) upon banks located in other reserve cities,
and (3) upon all other banks.
Ont of the 3,438 national banks in operation on the 30th day
of June 1390, 3,329 furaished the desired information. While
the facts thus elicited attracted wide attention and proved
valuable as illustrating the magnitude of the transactions
liquidated through transfers of bank credits, it fell short of all
that might be desired from the fact that drafts drawn npon
reserve cities other than New York, Chicago and St. Louis were
act separately stated bat were given in the aggregate only.
It was ttionght desirable to again call for this information
for the purpose of institutinit comparisons as between the
operations of the two years, and alsu for the purpose of ascertaining the magnitude of the transactions with each of the
reserve cities, to the end that similar calls following this at
soitable intervals might afford the means of ascertaining the
relative growth of the banking operations of the several resenre cities of the United States. For this purpose circnlar
letters were addressed to each active bank in the system, and
replies were received from 3,637, that being the number in
operation on the 30th day of June 1891, exclusive of 22 associations that drew no exchange. This cheerful co-operation on
the part of every bank in the system is worthy ot special commendation, as last year 109 banks failed to make the necessary
report.
In comparisons made between the operations of the year
ended June 30 1890 and the year ended June 30 1891 it will
be remembered tint the former year covered the operations of
3,329 banks and the latter year 3,637 banks. The total amount
of drafts drawn by these 3,637 associations during the year
ended Jane 30 1891 was $12,782,2 2.495. We find that of th ^8
amount there was drawn on New York .f 7,836,208,250, on Chicago $1,234 693,941, on St. Louis $237,908,010, and on other
reserve cities $3, 101,005,735, and on all other banks and bankers $352,396,559. Among the other reserve cities Boston leals
with $1,492,206,242, followed by Philadelphia with $541,333,-
867
In order to exhibit these
table la given, ahowlng the
moTraoMtt ia dvUil tbaforMoiaff
amnant of draft* drawn br raUoMl
bank log •Mooiationa apon New York. Chicago. H'.. I^nto, tb«
other reserve ellias, Md on all other locatluna, the namber of
banks drawing npon «aoh ollr, and the p«reMt«<re« of dnw.
Ings in 1891 and 1890.
In order to fat-illtAte 4 eompwiaon b«tw*eii the operstloM of
the year ended Jane 80 1890 and thoM of the year ended Jan*
80 1801 the totals and percentages for the former rear are lo-
clnded in the table.
It will be observed that in the total amount of drafU drawn
there has been an ioereaae in eaob of the three central twaerr*
cities and in the amonnta drawn upon all ottier reserve eiliea,
but that the total of drafts drawn npon all other banks haa
fallen off to n marked degree.
It will be noticed that the grand aggrvgate for all banks
shows an increase of $1,231,814,340, being slightly in excess of
11 per cent.
So far as the percentagea show the relative importance ef the several reserve cities the changes do not app-ar important. New York City, relatively, baa slightly fallen
off, while Chicago and St. L'uiH t-aob show a alight inoreaae in
percentages. Other reserve cities have increased from 31 '88 to
24-25 per cent, indicating the growing importance of the busi•
•
•
•
ness tributarv to the inland cities.
While by far the larger part of the banking bnslneaa is eondacted through assrciations belonuing to the national aystem,
it is necessary to take into consideration the cperationa of
banks other than national in order to arrive at a proper estimate of the magnitude of the business liquidated throngb the
agency of the banking institutions of the country. Jo the collection of statistics required by the statute the Comptroller baa
this year received reports from 4,342 corporatiooa or flrma
which do a commercial banking business, in whole or in part.
Of these 2,572 are State banks, 171 loan and trust eompaniea.
364 n re savings banks having capital stock, and 1.385 are private bankers. These represent a capital of $856,749,318. If
the domestic exchange drawn by these banking institationa
bears the same rrlatiun to their capital stock aa in the case of
national banks, it will be fuund that the amount of drafts
drawn by banks and bankers other than national will amonnt
to $6,743,157,040.
In order to arrive at the grand total of domestic exel)aag«
drawn by all the banks and bankers of the United States, the
following statement has been prepared, exhibiting the amonnts
of drafts
drawn by
3,637 national liankx, official
4,342 State banks, private baaka.Ao
tl2,7!»2.21'>,4BS
V,7U,1&7,040
«l9,S2},3e9,53S
Total
As there
many banks
other than national that do not report to the Comptroller of the Currency, with regard to which
no statistics are accessible, it is probable that the amonnt estimated as drawn by these institutions in the above table is unare
derstated.
The magnitude of the operations thus
From this statement it appears that of the total sum 6VHI
per cent was drawn on banks in the city of New York, 9'82 per
cent on Chicago, 1-86 per cent on St. Louis, 11 'dl per cent on
Boston and 4*24 per cent on Pniladelphia. The total sum
drawn upon the reserve cities, excepting New York, ChicaRo
and St. Louis, was 2425 per cent and 276 per cent on banks
indicated illustrates
indispensable banks are to the safe and economical conduct of the business of the country. This immense total of
nearly $20,000,000,000 represents simply the net balances
between various localities adjusted tlirough the agency of
banks, and bears a very small proportion to the gross transactions which are taking place between the banks and their customers. Some idea can t>e formed of the magnitude of tha
total transactions of national banks by consideration of the faet
that on the first day of July 1890 the depoeits in 3,364 national
banks of the United States aggregated $421,824,726. If we
take $421,000,000 as the average daily transactions of the
national banks, and multiply this by 807 as the nnmber of
business days in the year, it will be found >hat the total receipta
of these banks for a single year wjuld amonnt to $129,347,000,000, or a sum greatly in excess of the rstimated valae of all
the real and personal property of Great Britain and the United
States combined.
When we come to realize with what economy and safety tius
immense business is trant'a<-ted, the importance of perpetuatinjf
and perfecting the national banking system cannot fail to oom-
located elsewhere.
mand
1
463.
Location of
Banks Skawh
Upon.
"raiTOar"w'rf. '«•"'•
Cent'l reserve cities;
New York
ClilcaKO
SU Louis
3.321
i.ua
sou
7,S38.20S,550
l.iM.DfS.iUl
237,908.010
Other reserve cities;
Boston
AlbanyPhiladelphia
Piltsburc
BaUiinorc
WashlTiato''
New
OrloaoB
]uoui!«vllle.
Cincinnati
<:tevoland
Datroll
Milwaukee
Kannaa <llty
St.
Joseph
Omiha
Brooklyn
St. I'alil
Minoeapohs
Ban Fninclsco
lies
Moines
All other localities.
P-
Ot-
3,147
1,024
7.284 .9':2.fl31
l,081,i>74.558
83-07
481
188,785.8U
l»4
,212
,71S
ii-«r
Ml,
481
4-24
2' 14
147,
•i«9
116
258
«7
24S
2U0
42»
12«
«,
114
,14a
,587
,805
,218
.««
-04
-;m
-44
1-17
-21
105
111
391
57
»
lUf.
14H.
23
MI3
Xf,.
,'.-«
•2.)
104,
,J14
•rt!
1",
,2»
104,
1.120
OTtt
-08
•82
•il
-80
1,
»<
28,
,«58
,«!»
£31
10.x,
,7i»8
VI
2.
8J.',
,141
7ft,
1.3*5
ll';AI
•
•
2,334
•2.!B7.73';.t82 "21-88
'44
him in the conduct of the affairs ..f the offli*
he is greatly indebted for the intellitr-'nt and faithfol serriis
which na« made it poesible to me^-t ih-se iunrv^A d r^powi*
-85
-Oil
He also desires to grat,-fnl!y ackoowl^lire the »ali»biliiiea.
able assistance rendered him i-y tbow chirg.-d wiih lbs pc»ihiH r«|tort.
pantion of the statistical matter contaiotHl
i
1,080
Ml,817'r39
4-02
citiea
total i>.iiou..[ oi Ui-tftt- aiawn upuu oluu«- rtoervw
percentage 2* 29.
detail In 1890) la *3,101,li05,73a and tlie
>
Edward
T">**'
'The
•••••••
The Comptroller desires in closing to aay that the paat year
bas devolved npon the Currency Bureau an amoiot of lab.>r
and responcibility which is entirely iinpren-dented. To thort
Iivino
•hown In
••••••
a."sociated with
•M
»-7e
attention.
In another part of this report will be found a statement of
the average annnal loasea by reason of the failure of oatioiial
banks. When this comparatively sins II loss is placed against
the immense transactions wnioh havetak»n place tbroagb Iheaa
agencies, the conspicuous fidelityof tben.H.tociationsaoutitating
we system must be reoognixed by every impartial observer.
[Lack of space compels as to omit other extracts from Comptroller Lacey's very interesting report.— EnrroR Chroniclb.]
•21
.,5.
^1',
Amt. drawn. P. Ct
1-88
1,492,
2«.
4.
Q.
81-31
853
as
eei
»7.
draw'
how
Xhb
3. LacKT,
Comptroller of Utt Otrrme$»
Sfbazbs c7 thb Hot7n of RBTRBsairrA-nTU.
..
THE CHRONICLR
888
COTTON.
<£^ommtxcml gimes,
35bje
[Tou Ull
Friday. P. M.. December U, 1891.
fHE MoVEMKNT OP THE CROP, as indicated bv our telegram*
from the South to-night, is given below. For the week ending
COMMERCIAL EPITOME.
this evening the total receipts have reached 295.501 bales,
Fbidat Niqht, Dec. 11, 1891.
293.161 bales last week and 313,825 bales the previous
The Fifty-second Congress began its first (iisually termed the against
week, making the total receipts since the Ist of Sept., 1891,
" long ") session on Monday of this week, and probably will
4,061,851 bales, against 3.698.099 bales for the same oeriod of
not adjourn till next summer. General trade is dull except 189U, showing an increase since Sept. 1, 1891, of 363,252 balesin goods aflfected by the coming holidays. Speculation in
ReceipCi at—
Sat.
Mon.
Tuet.
Ifed.
Thurs.
Fri.
Total.
leading staples has also assumed a quieter tone, a disposition
Salveston
9,346 11,335 8,019 7,542 8,102 0,681: 51,028
being shown to await the developments which the new calenEl Paso, <iio...
1.082i
1,082
dar year may bring. The export of breadatufifs has continued Hew Orleans... 9,152 18,871 38,011 12.661 16.781 18.496
107,97a
on 80 moderate a scale that the quantity of wheat on passage Afoblle
1,503
1,753 4,339 1,048 1.6U 1,394 11,681
but Florida
243
for Europe was shown on Monday to be greatly reduced
243
Bavannali
5,756 9,493 7,829 6,365 7,459 6.681 42,583
a speculative " corner " in corn at the West is one of the inciI
I
;
dents of the week.
Lard on the spot has been only moderately active, but closes
steady at 6'05c.for prime City and 6'43i>^c. for prime Western,
with refined for the Continent quoted at 6-5536-75c. The
peculation in lard for future delivery has been rather slugWestern packers
gish, and prices show some depression.
have been among the sellers, owing to the receipts of swine at
Western points being at times quite liberal.
oxa-T ouMino rBicKB ur
Mo7t
6'4l
654.
6-63
8at.
December
delivery. ....o.
January delivery.
February delivery
....o.
6-40
6-51
i.abi>
riTDBics.
TAur.
6-38
6-47
Wtd.
642
637
6'5'2
6-47
6-57
6-67
6 82
/Vi.
6-47
Brunaw'b, &o.
2,047
4,580
1,239
2,334
1,608
7.588
2,806
477
477
760
1,268
668
886
995
2,755
7,338
3,242
1,319
4,197
1,957
1,971
2,844
1,919
724
3,023
1,908
93
4,756
2,062
2,249
479
408
477
373
594
322
a87
432
902
670
713
594
113
513
569
689
250
Oharlestou
PortRoyal,&c
Wilmington
Wa8h'gton,&o
Norfolk
West Point...
H''wp'tN'B,Ao.
Hew York
Boston
Baltimore
PbUadelpb'a.&o
7,588
14,614
98
£0.019
9,908
2,240
4,152
2.349
8.359
3,275
8,359
1,141
Totals this week 34,125 51.831 66.3-^3 35.675 43.342 61,176 295,504
6o6
For comparison we give the following table showing the
6't8
week's total receipts, the total since September 1, 1891, and
6-82
May
Pork has dechned somewhat and the reduction in values the stock to-night, compared with last year.
was followed by rather more activity; quoted $9 50 ci|9 75 for
1891.
1890.
Stock.
Reeeiptt to
old mess, $10 ^$10 50 for new mess, $9 50(3 $9 75 for extra
ThU Since Sep. Ttiii ISiiiceSep.
Dtt. 11.
1891
1890.
Week.
Week.
1,1891
1. 1890.
prime and |133$15 for clear. Beef has declined extra mess,
|7@|7 50; packet, $8 50® $9 50; family. $10J$13 per bbl.; Galveston
51,028 T50.948 35.19t 646.786
130,163
85,210
BlPaso.tSco.
l,6'i4
1,082
16,723
7,<)51
extra India mess, $16 50@$19 per tierce. Beef hams are firm
2.^4,744
at $13 per bbl. Cutmeats have further declined, and the JTew Orleans. 107,972 l,2i9,7J7 81,578 997,432 422.611
Hoblle.
11,681
162.838 12.241
166,487
47,482
31,678
lower prices have led to a large business, the recent sales emFlorida
i43
13.735
271
21,138
...
o.
c.
o.
March
delivery
delivery
6 60
670
673
6-85
6-88
6-61
6-71
e-ii
6-57
6-87
6-82
;
.
.
.
bracing 80,000 lbs. pickled bellies, 10-^12 lbs. average, at laranuab. .. 42,5m
5^c. pickled shoulders at 6c. and hams at 73-^® 7J^c. Tallow
Brnns.,ito.
7,58 j
has advanced to 4 11- 16c., with large sales. Stearine is quiet Oliarlestou .. 14,614
P. Eoyal,&f
477
at 7@7}^c. inhhds. and tcs. Oleomargarine ie firm atSJ^c.
Wilmington
7,332
Butter is dull at 23@30c. for creamery. Cheese is dull at 10 a
W»8h'tn,&c
96
llj^c. for State factory, full cream.
Sorfolb
30,01U
Coffee on the spot has been fairly active at a slight advance.
West Point.
9,903
NwptN.,&c
2,249
Rio No. 7 is quoted at 13^c. To-day's sales included Rio No. 7
5ewYork. ..
4.152
to arrive at 13%c. and to be shipped at 13>^o.
Mild grades
Boston
2,349
have been quiet and unchanged good Cucuta is quoted at
;
The speculation in contracts has been more active at
advancing prices on buying by " shorts" to cover contracts.
To-day, however, there was a decline under selling by local
operators. The close was barely steady, with sellers as fol191^0.
lows :
December
January
12-80o.
|
..1-Z-J50.
February
Uaroh..
April
11-800.
I
June
11-fOs
UWc.
July
...1170o.
00c May
ll-65o.
an advance of 10^35 points for the week.
Raw sugars were dull and unchanged until to-day, when
there was a fair business, but at slightly lower prices, closing
12
—
Baltimore. ..
PbU'del'e.&o
Totals
g;iTe
13S.726
9,4(11
287.106
433
134.612
1,920
342,795
191,399
17,754
13,370
33,164
28,528
18.586
60,08 »
1«5,I08
14,790
54,777
17,074
13,431
65,447
10,327
2,653
272,830
26,000
19,450
9,219
42,800
1,019
58,828
23,000
31,994
5,526
295.504 4,061,351 257,529 3,698.099'1,229.587
749.366
steady at 3 l-»6c. for fair refining muscovado and 3 7-16c. for
centrifugals, 96 deg. test. The sales to-day included muacoTado, 89 deg. test, at 3 l-16c. molasses sugar, 89 deg. test, at
2?^c. and centrifugals, 96 deg. test, at 3 7-16c. Refined sugars
are dull and without important change; crushed is quoted at
o@5Wo. and granulated at 4 3-16.tt4 5-16c. At the tea sale on
Wednesday the offerings were smaller and prices were
,
,
8,S59
3,275
below the
Beoeipte
at—
Qaiv'ston,dt:c
Hew
Orleans
Mobile....
Savannah.
Obarl'st'n.Ao
WUm'gt'n,<to
Horfolk...
W't Point, &0
ti otbem..
Tot. this week
35.515
6,794
17,810
10.=i,-.J09
1.247
117.958
4,615
1,344
236
25.573
300.427
181,711
16,942
16,250
44^93
21,953
80,799
In order that comparison
I
I
637,545
102.978
333,453
630,421
;
14,670
2,493
2,040
6,932
7,534
2,229
may
ba
made with
16,40ft
other years,
we
totals at leading ports for six seasons.
1890.
1889.
1888.
1837.
1886.
52,110
107,972
11,681
42,583
15,091
7,430
20,019
12,152
26,466
S6.88b
81.678
12,241
35.515
17,810
4.901
25,578
17,168
25,850
32.043
98,62?
12,476
37,227
11,353
18,648
18,147
17,774
30.031
86,191
13.418
85,567
20,654
10,901
22,357
21,732
27,039
26,618
68.787
9,633
31,038
14,335
6,740
21.377
17,923
17,246
87,187
95,093
13,486
33,514
1»,37»
8,364
23,820
15,326
13.991
295.504
257.529
252.612
267.840
213.902
260.659
1891.
6,321
steadier.
a inoKRept.1
The market for Kentucky tobacco has continued active, and
sales lor the week are again 800 hhds., all low grades, and
part for export. Seed leaf, on the contrary, has been quiet;
sales are 1,0<!0 cases, as follows: 120 cases 1890 crop, New Eng-
The exports for the week ending this evening reach a total
of 350,293 bales, of which 131,338 were to Great Britain, 35,830
Below are
to France and 80,089 to the rest of the Continent.
the exports for the week an*! since September 1, 185(1.
land Havana, 35@60c.; !;00 cases 1890 crop. State Havana
13^@20c.; 150 cases 1890 crop. Zimmer's, 12® 13c.; 200 cases
1890 crop, Pennsylvania Havana, llj^@40c.; 200 cases 1 90
crop, Wisconsin Havana, 14@I5c., and 150 ca-ses sundries,
6®
«5c.; also 600 bales Havana, 70c.@$l 15, and 400 bales
Sumatra,
$3®$3
On
10.
the Metal
Exchange business has been very
some depression, closes steadier at
dull, but
19-86c. on
to lOJ^o. for
Straits tin, after
the spot and 20o. for March. Ingot copper is down
'•-•'•.
Lake.
Domestic lead is quiet and easier at 4 -300. Domestic
spelter is quoted at 43^c. The interior iron markets
have been
less active.
Refined petroleum is quoted at6-4oc. in bbls.,
7-70c. in cases
d-95c in bulk
naphtha, 5-50c., crude in bbls., 5'70c. and
and
Mi3' oo8%c.
ro^.
081^
;
P^^^^ petroleum
certificates sold to-day at
Spirits turpentine has declined to 33k:c<i33^c
..
closing Bieady at the reduced values. Rosins
are quiet and
steady at $1 35^a.$l 40 for strained. Wool meets
with
more inquiry at steady prices. Hops continue to be rather
wanted
f(Jr
export at 17 (/33o.
4061.351 3698.099 3617,415 3135,016 3593,867 3 236,135
Week EndiriQ Dec. 11.
Exported to—
Great
OontU Total
Mxportt
BrWn.
aslveston
New
Orleans..
88,865
89,16t
JVaiice
n0nt.
Brauawtck
Charleston
Wilmington...
Norfolk
West
Sept.
1.
1891, to Dec 11.
Bxportea
Oreat
Week. BHtain. Fraiict
81.656
107,3fil
221.013
4,150
7,881
7,812
18.268
lS,3i7
1,100
6,681
11,983
V.261
17,913
358,720 182.120
13,359
13a.S32 18,628
«,T7S
18,347
6,673
784.888
13.S59
301,636
66,033
236.360
80,055
93,818
62,809
8,396
282,8fa
S3,3J8
1,700
6.550
13,858
70,:<65
6.100
7,673
722
7,320
808
Total
Total, 1890....
13,117
187.120
13,642
81.821
351
100
851
781
SS,:<05
2,900
42,688
8U0
1,171
600
681
134 S8S
88.860
38.889
13,393
8,233
4,088
9,448
Phll»delp'a,4c
150.277
58,9:i:i
131850
6il.678
Baltimore
Totw.
."<5,701
&o
New York
Oontt.
nent.
400,09.^
16,740
48,131 l«0,8i4
Point...
N'port NwB,
1891
'>
9.885
Mob. & Penc la
SaVHiinah
iVom
36 835
88,898 "is.aii
7,918
80 069 250 292 1 588 036 OAt
85.880 198.000
1.10:l
9rtfi
83.873
8,518
725 523 2.676,826
888 285.R27 "817 :s' ?.5"i Pl,i
.
.
.
Dkoembsb
THE CHRONICLR
13, 1891 ]
In additioa to above exports, our telegrams to-night also
give US the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New Voric, wiuch are prepared for our special use by Messrs,
Carey, Yale Sc Lambert, ii Beaver Street.
We
On
Oreat
.
33.895
QalvestoQ
36.!i50
Bavanuah
4.000
6,000
14.000
18,500
2,700
29,000
.
UbUi
ftr«
sbowa br tk«
Shipboard, not eUared—for
0/A«r
Franee. Foreign
Britain.
OharlostoD.
TUB »AUts AND Fuois OF FvrvuMa
fvilluwlng oompreluHisire
Laating
Dte. 11 ttt-
New Orleans.
889
..
Mobile
Norfolk
New York
Otber ports
15.716
4,2H2
None.
None.
2U63
None.
None.
2,500
2,000
7.300
Id.OOO
Ooait-
2,727
10,109
3,600
2,000
1,000
1.600
3,287
18.600
8,000
700
None.
Btoek.
Total.
wite.
None.
None.
78.901
Sl.OiS
26.200
16,000
15,000
24.500
10,700
47,000
343,810
76,540
110,526
44,089
32,4N2
40,947
262.180
47,184
Total 1891... 150,015
23,199
78.650
20,936
272,8 29
956,758
91,004
78,92 i
20.448
32.6S4
79,856
80.607
19,800
25,335
211,108
223,548
688.258
624.088
Totall890...
Total 1889...
The speculation in cottoa for future delivery at this marliet
had on Saturday last quite a buoyant opening. The interior
receipts seemed to have influenced Liverpool, not so much
because they fell below last year as from the fact that they
were much less than some extravagant estimates that had
been received there from New Orleans. But for Monday,
Tuesday and Wednesday there was a very unsettled market,
both bulls and bears showing extreme sensitiveness to the
situation and the dealings were on a smaller scale than
for some time past, trading being restricted alaiost to regular
operators on the floor of the Cotton Exchange, with some
efforts at manipulation from New Orleans and Liverpool.
On
Thursday a new element of depression was encountered by
the bulls, and under it prices gave way after a stronger opening.
It was this: Our prices afforded a nice profit on shipments from the South, and free receipts were tendered for
delivery on early contracts. To-day the movement of the
crop for the week showed a marked increase over the estimates, and our bulls, discouraged by the statistical position,
made but feeble efforts to maintain values. The bears, however, acted cautiously, and no great decline took place. Cotton
on the spot was dull, without change in official quotations,
closing nearly nominal at 8 l-16c. for middling uplands.
The total sales for forward delivery for the week are 435,700
bales. For immediate delivery the total sales foot up this week
1,851 bales, including
—
—
—
for export, 1,83 4 for consumption,
—
in transit. Of the above
bales
and
were to arrive. The following are the official quotations for
each day of the past week December 5 to December 11.
for speculation,
—
UPLANDS.
Sat.
Ordinary
Btrlot Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
.'...,,
Strict
^
fflon
5"lS
lb.
Tll.
11'
Good MiddUng
Strict Good MiddUng
511,8
7^8
9»i.
81,8
8»8
8»8
93ie
9»,8
8«8
9»i<i
Mt.
GULF.
<p lb.
GoodOrdiuary ..........•.•.••.
Strict Good Ordinary
Low MiddUng
7»8
7 '8
7»8
7^8
Middling Fair
Fair...."
»«.
6i'«
SI!"
7'4
Middling
Btrlot
Wed
5ll„
5»ie
7=8
Low lUddUng
Ordinary
Tne*
7^
8I18
8%
§il«
8%
8»8
93,8
9»i«
8>8
93,8
8>>8
So"
non Tnc* Wed
«7"
SI"
7>4
7»8
7»8
7'8
9»I8
9'!!!
Til.
Fn.
61,8
Si'«
SI'"
6<I8
67,8
SI'«
7»8
7«i
Low ItQddllng
MiddUng
r.
Good Middling
Good Middling
8
8
8H
814
8>4
8>4
81,8
9
9
9
9
9li„
9>18
9li|.
8«
9
Btrlot
JUddllngFair
Fair
9»i«
9l*,«
STAINED.
Sat.
Good Ordinary
StriotGood Ordinary
5'.,
V
lb.
6"
Low MiddUng
2?i"
9l«,fl
9»i«
91Si«
non Tnc* Wed
5»i,
51*18
'
Til.
5^,8
5'Sl8
53,,
5l3i,
6Hi.
788
7»g
Middling
99i«
MARKET AND
Wrl.
5<,8
61S1,
611,8
7*8
8AI.ES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
For the convenience of the reader we also add
a column which shows at a glance how the market closed on
game days.
statement.
8ALBS OF SPOT AMD TRANSIT.
SPOT MABKBT
CLOSED.
port.
Monday.
Total...
.
.......
..«•
....
Futurtt.
Total.
185
173
60.800
101,300
80,200
72,000
60,000
61,400
1.854
435,700
1,068
1,068
Saturday Steady
Tuesday.. Kasy
Wed'day Dull
Thursday Quiet
Friday... Dull
Oon- Spee- Tranrump. uffn tU.
148
146
184
135
173
'.'.'.'.
1,864
....
148
146
'.'.'.'.
....
184
• Incudes sales in September, 1891. for Septe-nber, 19.600; SepUmber-Ootober, for October. 344.200; Beptamber-NoTamber, tor Noveat-
ber, 619,000.
The following exchanges have been made during the we«k:
11 pd. to exch. 1,100 May for J*»s.
exoh. 3.'i00 Jan. for Feb.
-17 pd. te exoh. 500 Jan. for FMw
exch. 100 Feb. for Apr.
15
pd. to exoh. 100 Feb. (or Xok.
for
Apr.
Moh.
100
exoh.
69 pd. to exoh. 300 Jan. (or JttM.
oxoh. 100 Deo. for Jan.
17
to exoh. 900 Jaa. for r-**
for
Moh.
p<L
Dpo.
100
exch.
'17 pd. to
•80 pd. to
14 pd. to
12 pd. to
•46 i>d. t<i
'32 pd. to
excb. 200 Jan. for Mch.
The VisibleSupply or CottO!« to-night, as made u br cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great BriUin and the afloat are this week's returw,
and consequently all the European flgures are brought dow«
But to make the totals the complete
to Thursday evening.
from
figures for to-night (Deo. 11), we add the iten of enorta
the United Stotee, including in
it
the exports of Friday only.
1
.
797,000
26.000
1889.
756.000
15.000
1888
495.000
6,000
823.600
3.200
123,000
10,000
771.000
1.800
98,000
5,000
501.000
1890.
1891.
bales. 1,146.000
Btook at Liverpool
Stock at London
9,000
300
400
5l>U
3,000
178.000
3.000
45.000
7,000
4,000
5,000
134,000
4.000
56.000
5,000
6.000
4O0
aalveston...
91,000
2.000
30,000
3,000
5,000
New Orleans
458,400
376.500
1.500
6.100
13.000
315,200
152.500
1,613.400 1,199,500 1,086.200
Total European stocks
18.000
56.000
16.000
Indiacottonattoatfor Europe.
Amer.ootfnattoatforEurope. 797,000 625.000 698.000
49.000
58.000
68,000
Eeypt.BrazlU&caatforE'r'pe
Stock in United States ports.. 1,229,587 749,366 747.636
348.569
554.754
469.1S9
Interior
towns..
Stock in U.S.
34,027
28.930
57,170
United States exports to-day.
653,500
47,00u
625,000
38.000
852.563
401.323
56,778
Total Continental Stocks
4,297,721 3,186,225 3,019,432 2,674,169
Total visible supply
theabove. thetotalsof American and other descriptions are as follows-
Amenean-956.000
310.000
797.000
bales.
Liverpool stock
Continental stocks
American afloatfor Europe...
1,229,537
Onlted States stock
DnItedStatesinteriorstocks..
554.754
28,980
Onlted States exports to-day.
Total American
East Indian^ Brazil^
Liverpool stock
i£c.
397.000
102.000
625,000
852,563
401.328
56,778
567,000
224,000
698.000
747.636
348.569
34.027
521,000
273,000
625,000
749,3«6
469,189
57,170
3,906,321 2,694,725 2,619,232 2,434,669
—
190.000
9.000
118.400
16.000
58,000
I^ndon stock
Continental stocks
India afloat for Europe
Egypt, Brazil, Ac, afloat
Total East India, &0
Total American
189.000
15.000
91.200
56.000
49,000
276.000
26,000
103,500
.18.000
68,000
98,000
6.000
50.500
47,000
38,000
391.400
491.500 400.200 239,500
3,906.321 2,691,725 2,619,232 2,434,669
Total visible supply
4,297,721 3,186,225 3,019.432 2,674,169
Price Mid. Upl., Liverpool
45, ^d.
5' «d
5>'i.d.
56ed.
Price Mid. Upl., New York....
SiisO.
9380.
lOVjc.
g'&c
t^" The imports into Continental
ports
ttiis
week have been
120,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,111,496 bales as compared with the same date
of 1890, an increase of 1,278,289 bales as compared with the
corresponding date of 1889 and an increase of 1,623,552 bales
as compared with 1888.
AT THB Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1890— is set out in detail in the
fo"owinj!; statement.
9>
£b
S2
CO
a ^ f
'-'
tJ
n
so
.
[Vol. Lin.
Dec, 11.
Satur.
76i6
7',6
75,6
Mobile
Savannah...
7^
Charleston.
Wilmington.
714
7>8
Sorfolk
7H
Boston
Memphis
Louisville.
7%
738
7',6
7^18
718
738
77,8
714
7I8
7I4
738
T»i»
7»,8
71s
7's
7%
7I4
738
81,8
7'8
738
81,
81,6
S'.fl
87,6
87,6
738
7»18
7»,8
7'8
7>«
738
79,8
7^,8
778
7i«
7%
7\
The closing quotations to-day (Friday)
Fn.
Thurs.
7*8
77,8
714
718
714
714
738
7>4®38
7V
87,8
7'8
758
..
Wednes.
7^4
7^8
738
81 g
7^
Louis
Cincinnati..
Tues.
7^
7^8
89,a
738
7>a
Augusta
Mon.
7',a
75X6
81, fl
Baltimore...
Philadelphia
St.
OS—
OLOStNO QDOTATIOX3 FOE MIDDLISO COTTON
Week ending
7S,6
77,6
74
7I8
714
714
738
81 16
7^
7%
87„
738
79ia
79,8
79,6
7^8
71s
7''ie
778
7>s
at other important
Southern markets were as follows:
Atlanta
Columbus, Ga.
Columbus, Miss
Bulaula
73i6
7
Little
I
6%
7ii6
Rock...
Montgomery
Nashville
I
,
Natchez
714
714
738
Newberry....
Raleigh
73,6
Shre veport
7i«
714
718
613,6
Selma
.
Receipts From the Plantations.— The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
anally reaches the market through the outports.
Week
Ending—
Receipts at the Ports.
1889.
Nov. a
"
Dec.
"
4.
1889.
Tbilms, lUc^pts
1890.
1891.
from Plant'ru.
1889.
1890.
1891.
,soo,i36 300.8ea 344.697 238,838 281.161 373.630 337.044jS37.lll 382.980
13
20
27
•
"
SVk at Interior
1891.
1890.
284.488 278.284 345.eS8
288.607 266.044 325,714
288,618 253,091 3 13.225
265.488|24 1.318293.161
252.612 257.529'295.501
'
...
II ....
247.0:i2 322.297 423,178 302,682 319,l:f0j395,216
257,825
271.708
297.503
348.569
360,179|4ee,921
390,678 501.497
430,943 521,419
469.1891551.764
299.400 303,926,369,457
302.401
[283,590J347,801
291.283 281.583 313.08S
303.678 295.775I3J8.83 9
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1891, are 4.560,176 bales; in
1890 were 4,152,718 bales; in 1889 were 3,953,425 bales.
2.
That, although the receipts at the outports the past week
were 295,504 bales, the actual movement from plantations was
323,839 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 295,775 bales and for 1889 they were
303,678 bales.
—
Overland Movement for the Week and since Sept. 1,—
statement showing the overland movement
As the returns reach us
tor the week and since September 1.
We give below a
late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
This weekly
the principal matters of interest are given.
publication is of course supplementary to the more extended
The
monthly statements.
results for the week ending Dec. 11
and since Sept. 1 in the last two years are as follows:
by telegraph
I? KB
t^0^
§
^
£l'
a
Of
BB V:
:
1890.
1891.
cc
Deeember 11.
Since
Week.
Sept.
Week.
1.
Since
Sept.
1.
—
- 9? .*
Shipped
Via St. Louis
Via Cairo
Via Hannibal
Via Evansville
Via Louisville
Via Cincinnati
Via other routes, &o..
^ °£ ^ '5 »^ ** w w 1^ »- cc to c w
li^
cji
M k*^ IC M
CT C; ""
XM CC^^ CC M O- Oi IC Oi
ccoa -^x CD c-.w o: o ^ c
IM wo CntOit
5
S t £ ''Vf ®*^
Vto'ioVi
** ® ^
**
^. S ? S
«:
-c«to cccr.ct
cc a a o
«
^ o> c © o 2
M
« h:
o"^
a
X
o c u to c t- cc h
to U> W-D
^kCJ-* h-
t-
I
«^"
^-^
::^
t;* <^-
OC'
rfk
*-
Vj'oil-VoDcoccloo'
to
oi.
Crf».
—
MW
C'lotJib
824,911: 73,513
685,459
18,635
2,386
1,405
113,695
33,590
48,218
<&o.,
from South
93,648
47,414
35,897
18,785
5,380
2,644
I
toE
*
tccoo
ectoKODciu cocoo £:©£»: a; :3©Mg:5^i^'Sc
69,481
1,051
Total gross overland
Inland,
tc' bics — oVi co"o'
ikODOitOCCOS'- — -g! o: QD O; Cj»
C ?C CD O <1CSQC
wif-ostotcfcot^-wa. ol
QDIO
238,495
134.510
39,659
8,387
88,319
80,891
95,208
8,747
4,813
6,122
Dcdttct sh ipmeyits
Overland to N. Y., Boston, &o..
Between Interior towns
I
HO ^ aizjt
^ CO
24,178
12,051
7,187
3,669
10,553
9,419
6,456
298.514
173,789
97.854
13,280
92,356
62,227
86,921
27,832
16,887
4,032
jU.
I*
if^
xo:m
Total to be deducted
22,420
195,503, 26,818
176,759
Leaving total net overland*.
47,058
629.438, 46,695
508,700
Including
movement by
rail to
Canada,
The foregoing shows that the week's net overland movement
this year has been 47,058 bales, against 46,695 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 120,738 bales
ry-,'^,<=«.^MCo>_tfkaK.j^_h-<iac<CH-cjirf^towoiaifcooiw-^ato
S ^! X ^ ?i;S£ ?^ 2 * " ^- ^ " »^ oo o c a a')uT-''o Vwk M M tf^w'la a
»-<ooaH-,^offi^c;.K-u^MO:Hco£o»oiotooMM^Qo^oo!5o
1890.
1891.
In Sight and Spinners'
-MfCO
CO
MH
lakings.
^wy tot-eo
Receipts at ports to Dec. 11
Net overland to Deo. 11
Southern consumption to Deo. 1
5^ OS Cfl as 00^ to
r^
QD*'<IC0''— ^CO
^2S^SSSS§|S[Ig§aggSH>^gg-£2£^^5^
^K
^^-1^ah4h
CA t^
•
Louisville flgures
"net"
In
f J*.
ta^
,^
^.*
botb years.
*"*
^'"'"'^ '^^^^ increased
duTbf/?hI
during
"^i*""""
the wll'%%^?r-'K*?
week 33,33i bales, and
are to-night 85.565 bales
Wnfh? ^'t^' %Z
S
vJr
•^'7°'^ ^^^ty"^'- The riceipts'at alUhe
?^, ^^'^' '"""• "''^1 "^e same week last
^^^'•'^^ "^'^ '"'"•'' ">'"> f°' the
^ "'^y
.^H^- ^^c?
Ume te^lS^*-
"*
:
Qdotations for Middling Cotton at Other Markets.—
Below we give closing quotations of middlini! cotton at Southern and other principal cotton markets for each day of the week
Total Great Britain stock. 1,155,000
3,000
Stock at Hamburg
100.000
Stock at Bremen
18.000
Stock at Amsterdam
400
Stock at Rotterdam
5.000
Stock at Antwerp
239.000
Stock at Havre
8,000
Stock at Marseilles
56.000
Stock at Barcelona
8,000
,_oa
at
(i
Stock
21,000
Stock at Trieste
>"
.
THE CHRONIOLE.
890
Of
e
.
Total marketed
Interior stocks in excess.
Came Into
Week.
Since
Sept.
Morth'n spinners tak'gs to Dee. 11
Since
Sept.
1.
295,504 4,061,351 257,.5293,698,099
47,058 629,438 46,695 508,700
191,000
18,000 207,000 17,000
360,562 4,897,789 321.224 4,397,799
33,335 498,825 38,246 454,619
sight during week. 393,897
Total In sight Doc. 11
Week.
1.
1339,470,
4,852,418
5,396,614
.^.... 1,087,3651
be seen by the above that there has
come
966,163
into sight
during the week 398,897 bales, against 359,470 bales for the
same week of 1890, and that the increase in amount in sight
to-night as compared with last year is 544,196 bales.
It will
Dkckubrr
THK CHRONICLE.
13, 1M)1.]
891
M
Wkathke Rkpokts by TELKORArn.— Our advices by tele- dredth*. Tbo thormoaioter boa kvanfod 46, nntat fkwi
graph from tlie South to-uiKht denote that the weather hai as to 63.
The following atatement we h«r« alao noAiTod by tolofispb.
a rule been favorable and that the marketing of the crop has
•howing tbo height of the rlTen at the pointu named at t
progressed rapidly. Picking is practically finished over the o'clock
December
10, 1891,
and Decomber
cotton belt.
Helena, ^rfcnnsas.- -Receipts of cotton are falling off rapidly.
It has rained lightly on one day of the week, the precipitation
11, IHOO.
tht. 10. •»!. Dtt.
nt,
1. '00.
1
Fttt.
V«w Orlaani
Above low-wat«r mark.
8-a
71
8-4
Above low-watermark.
SS
reaching seventeen hundredths of an inch. The thermometer MxmpbU
11-0
NaehrlUe
Above low-water mark.
110
has averaged 47, the highest l>eing 68 and the lowest 36.
Shreveport
Atrave low- water mark.
10
17»
13-4
Above low-waler mark.
18-4
Oalvesion, Texas. There have been showers on two days of Vlckubar*
Movbmkmt
rKoM
all
Forth.—
The
India
Oottom
rnoeipto
the week, the precipitation being thirty hundredths of an
and shipments of cotton at Bombay have been a.t follows lot
inch. Average thermometer 50, highest 62 and lowest 39.
the week and year, bringing the tigures down to Dec. 10.
prevailed
all
week.
Dry
weather
has
the
Palestine, Texas.
BOMBAT BkOCIPTS AMD SHinHlrrS rOB rOOS TBAB*.
The thermometer has averaged 47, the highest being 76 and
SMpmtntt fine* Apt 1.
ShipmenU Ihit mttk.
KteHpU.
the lowest 28.
TSl$
Oreal
OonhTear Great OanliToUU.
Huntsville, Texas. No rain has fallen during the past
Week. atpt.1.
BriTn. nenl. Tol€U. BrUain nenl.
week. The thermometer has averaged 53, ranging from 80
—
—
—
to 75.
Dallas, Texas.
on one day
—We have had
hard, but very welcome, rain
1891
1890
1889
1888
7;000
84.000 29.000
90.00040.000
6.1,000 27.000
3.000 42.000
S.OOO 29.000
2,066 2,000
11.000
23.000
67,000
8,000
4,000| 7,000 13.000 5:1.000
3,6o6
3,000
4.'i.000
111.0C0
of the week, the rainfall reaching eighty one hun-
According to the foregoing Bomtiav appears to show
dredths of an inch. The thermometer has ranged from 84 to a decrease compared with last year in the week's receipts of
33,000 bales and a deereatt in the shipments of 3,000 boles, aod
78, averaging 51.
San Antonio, Teras.— While there has been one shower the shipments since Sept. 1 show an increase at 11,000 balea.
The movement at Calcutta. Madras, and other India ports for
during the week more rain is badly needed. The precipitation the last re|K)rted week and since the Ist of Septemtx'r, for two
reached thirty-four hundredths of an inch. Average ther- years, has been as follows. "Other porta
cover Ceylon,
mometer 52, highest 78 and lowest 26.
Tuticorin, Kurrachee and Ooconada.
Ltilivg, Texas.
We have had dry weather all the week. The
ShipmenU for tht week.
thermometer has averaged 54, the highest being 79 and the
'
—
lowes-t 38.
Oontinent.
fireat
—
Columbia, Texas. There has been no rain the past week.
The thermometer has averaged 53, ranging from 30 to 76.
Cuero, Texas. It has been showery on one day of the week, Calcutta1891
but we need a good rain badly. The rainfall reached five hun1890
dredths of an inch. The thermometer has ranged from 30 to Madras—
BrUain.
ertat
Toua.
—
77,
averaging
54.
—
—
the week, the rainfall being thirty-six hundredths of an inch.
The thermometer has averaged 54.
Shreveport, Louisiana. The week's rainfall has been- three
hundredths of an inch. Average thermometer 50, highest 73
and lowest 27.
—
—
Columbus, Mississippi We have had rain on one day of the
week, the precipitation reaching thirty-five hundredths of an
inch.
The thermometer has averaged 56, the highest being 80
and the lowest
1890
All otiiers—
1891
1890
Total
—
—
lowest 28.
Selma, Alabama.— The weather has been clear all the week.
The thermometer has averaged 48, ranging from 28 to 70.
Auburn. Alabama.— There has been a precipitation of sixtysixty hundredths of an inch the past week. The thermometer has ranged from 32 to 69, averaging 55-6.
Madison, Florida.
have rain on four days of the ween,
the rainfall reaching one inch and ninety-seven hundredths.
Average thermometer 65. highest 76, lowest 29.
Savannah, Georgia. It has rained on three days of the
week, the precipitation reaching twenty-three hundredths of
an inch. The thermometer has averaged 65, ranging from 34
to 76
u
u
Aug\sta. Georgia.— The weather during the week has been
The rainfall reached
plea-'ant, with light rain on two days.
for y two hundredths of an inch. Picking is alx)ut completed. The thermometer has ranged from 26 to 72, averag-
—We
—
,
»ne
49.
,
.
3,000
1,000
3,000
3,000
11,000
11,000
8.000
11,000
10.000
22,000
16.000
31,000
14.000
13,000
30.000
34.000
29.000
33.000
24.000
26,000
53.000
59.000
1889.
1890.
1891.
SKipmenIt
toM.Europe
Tlii*
Since
ThU
Since
from—
Keek.
Sept. 1.
week.
Sept. I.
.
All otber ports.
Total
Thit
Sine*
teeek.
Sept. 1.
45.000
53.000
2,000
2,000
31.000! ll.OOOi
1,000
59.0001
2.000
93,000
2,000
93,000
Bombay
12.0001
90.000
74.000
164,000
ALEXANDRIA Receipts and Shipjikhts.—Through airangements 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 shipments for the past week and for tbo
corresponding week of the previous two years.
A.taumdritt, Egypt,
December
Ruceipte (cantars*)....
This week
Since Sept. 1
.
ToContlnent
1
TkU
TkU Bine*
week. Sept. 1.
,„. ,^.| 12.000 127.000
8,000' 135,000
161.000'
8,000| 52,000 14.000, 67.000 14.000, 55,000
".000
I
Total Europe
160.000
1,953.000
170.000
2,167.000
250.000
2,639.000
ThU Since
week. Sept. 1.
Exports (balee)To Liverpool
1880.
1890.
1891.
9.
I
30.000 213.000 26.000 194.000: 22.000 190.000
A oanur Is 98 poanui.
week ending
This statement shows that the receipts for the
to all Europe
Dec. 9 were 350,000 cantarsand the shipments
•
30,000 bales.
Manchester Market.—Our report received by cable to-night
for
from Manchester states that the market continues easyhold
both yams and shirtings. Spinners are considered to
We give the prict^ for to-day betow
large stocks of yam.
tor
and leave thoee for previous weeks of this and last jtm*
com parison
:
1890.
1891.
, ,.
Columbus, Georgia.— tlain has fallen on two days or tne
week, to the extent of eighty-three hundredths of «« menThe thermometer aas averaged 47, the highest being 00 and
the lowest 30.
,.
.
Stateburg, South Carolina.— There has been rain on three
hunthirty-three
days of the week, the rainfall reaching
dredths of an inch. The themoraeter has averaged 51-8, the
highest being 69 and the lowest 29.
H'iUon, North Carolina.— It has rained on two days of the
week, the precipitation reaching one inch and twelve hun-
2,000
2,000
HtM.
The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1891, and for the corresponding
periods of the two previous years, are as follows:
EXPOKTS TO BCBOPB FBOM ALL ISnlA.
—
—
aU-
1891
1890
'SO.
Leland, Mississippi.— Vlainfiill for the week one inch and
twenty -nine hundredths. The thermometer has averaged 50*9,
ranging from 25 to 75.
Memphis, Tennessee. Picking is nearly finished. Rain has
fallen on two days of the week to the extent of eighty-two
hundredths of an inch. The thermometer has averaged 48-4,
ranging from 29-4 to 67-3.
Nashville, Tennessee. We have had rain on two days of the
week, the precipitation being forty-five hundredths of an inch.
The thermometer has ranged from 25 to 62, averaging 44.
Mobile, Alabama. We have had rain on two days of the
week, the precipitation reaching one inch and fifty hundredths. Average thermometer 50, highest 70 and lowest 30
Montgomery. Alabama. We have had rain or two days of
the week, to the extent of one inch and six hundredths. The
thermometer has averaged 56, the highest being 73 and the
2,000
2,000
1891
—
Brenham, Texas. The weather has been dry all the week.
Average thermometer 54, highest 78, lowest 39.
Belton, Texas. Telegram not received.
Weatherford, Texas. Rain has fallen on one day of the
week, to the extent of thirty-two hundredths of an inch. The
thermometer lias averaged 50, ranging from 24 to 77.
New C^rleans, Louisiana. —Rain has fallen on two days of
OmMnatl.
Sriioln.
8U
82* OopTwUl.
d.
Nov. 6 7t
" 13 7
" 20 7
" 27 7«e
Dee. 47
••
llO'g
d.
•7%
*T»
•7«»
•7\
•7»»
•7<.
Oatt'n
Ibt.
Skirting:
•.
d.
8
s.
d.
«7 OH
7>e »7
Hid.
VpUU
A.
8M U«.
SkirHn§l.
3St Oop.
Twit.
d.
d.
k
d.
%.
4>«a7
4>«»7
4^; 8»;ie8l>.i6 4i.»7
4>*
8V«8>^ ,6 4S»7
8% •8'* 6 4i«*7
4<|. 3'>i«*8l>i. '0
4' • 81 ••8» .e
7>e»7
7'«»7 O
7 •6 11
4'u
e>«*6 10>t
OMTil
JTM.
a.
:
. ..
;
.
.
THE CHRONICLE.
892
Jute Butts, BAOaiNa, &c.— The demand for jute bagging
during the week under review has been very light, but the
market has ruled steady at unchanged rates, closing this
bvening at 53^c. for 1% lbs., 6c. for 2 lbs. and CJ^c. for standard
grades. Jute butts have received little or no attention at the
hands of buyers, who are holding aloof from the market in
expectation of lower prices. The quotations to-night are l^c.
for paper grades and 2%(a 2}4c. for bagging quality.
New Orleans Cotton Exchange Annual Election. At
the annual election of the New Orleans Cotton Exchange,
held on Monday, Dec. 7, the following ticket was elected:
President, Walter C. Flower; Vice-President, E. Overbeck;
Treasurer, M. Stern; Directors: L. E. Moore, Hy. Newman,
J. K. Bell, O. L. Putnam, Julius Weis, Frank B. Hayne,
C. Hanson, James Lea McLean, W. T. Hardie, W. F. Pinckard,
F. Lapeyre, T. A. A. Gleason.
—
The Agbicultubal Department's Report for Deceuber.
[Vol.
(Juantlttes 0/ Manufactures of Ootton icoiored and uncolored)
exported to—
yards
Germany
Othercoantrlesin Europe....
British North America
Mexico
'
'
Honduras
821.793
80,480
'
Cuba
'
Puerto Rico
8anto Domingo
Other Weal Indies
ArKentlne Republic
1,563
44,161
'
'
'
Braill
.
'
Africa
Other countries
1.837.76H
480,284
8,171.849
481,728
1.186.441
2.849.10
8.412.096
234 .500
776.6W
319,861
8,'53,.S2;
$776,977
;
;
Exports of Cotton Goods from Great Britain.— Below
we give the exports of cotton yarn, goods, &c., from Great
Britoin for the month of October and since January 1, in
1891 and 1890, aa compiled by us from the British Board
of Trade returns. It wul be noticed that we have reduced
the movement all to pounds.
YamiTliread.
ClOtd.
lotal of Att.
tmUttd.
I
1891.
1890.
1891.
1890.
1891.
1890.
1891.
F<J».
Liu.
79,336
81.380
82.461
Ltu.
78.356
Lbt.
99,378
lOt.121
Lba.
101.96S
104.643
88.676
308,142
399,744
98.862
Lbt.
20.012
23,611
Februarj...
22,741
24,421
FdJ.
412.552
423.178
March
22,182
21,214
428,797
Tot.l>t qoBT.
64,965
69,246 1,264,627 1,817.027 243,177 830.498
April
28,763
Mar
20.898
Jon*
20.494
23.018
25.675
21.130
Tot. 8d qnar.
64,155
July
23.192
21.920
410.801
AnsoBt
8ept«mber
22,900
22.68
414.989
23.844
22,700
416,7011
Janaarr
. .
.
.
Liu.
Total Sd qr.
418,715
447,120
356.192
411,499
470,574
895,714
881.473
867,204
84.682
67.461
76,099
73,360
70.616
77,935
89,293
1890.
109,103
74.386
91.110
100.953
114,868
96,456
1,144.391 1.873,771 220,075 241.654
884.230
811,377
102.194
108,706
108,946
110.403
103.979
100,909
4S8,626
462,895
412,162
79.002
87,086
87,836
78,209
79,806
30,136
84.258
67,187 1.242.490 1.333,683 238.943 253.071
308,878
320.258
Total 9 moB.. 199,066 206,866 3,651,409 8,824,481708,195 r85.123
901.251
937,379
Ootober
106,060
109,856
1,488
1.637
21.206
2.S.278
24.566
449.484
440,816
1
84.772
8S.891
Stockings and socks.
Sundry articles
19.S5V
Total exports of cotton mannfaotgres.
l.030,16» 1,064.078
I'he foregoing shows that there has been exported from the
United Kingdom during the ten months 1,030,158,000 lbs,
of manufactured cotton, against 1,064,078,000 lbs. last year or
a decrease of 33,920,000 lbs.
A further matter of interest is the destination ot these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during October and since January 1 in each of thn
last three years:
BXPOKT8 OF PIECE O X)09 AND T\R<(9 TO PRIMCIPAI, COHNTBIES
OCTOBEB, AND FEOM JANCART I TO OCTOBER 31.
(OOOt
January
October.
Piece Goods.
1890.
1889.
1891.
I
Bast Indies
Turkey, ERypt and Africa...
China and Japiin.
Karope (except Turkey)
South America
North America
All other coul tries
yards.
Total value
„
„
Holland
I to Oct. 31.
omUUd.)
1891.
ToUl
W
1890.
1889.
207,207 197,240 180,570 1,76».26-' l.U 18.609 1.893,742
77.847 70,026 67.S42 627.275 605.542 537,320
39,114 49.170 44.844
4>S.7«1
S'.;2.830
461,279
27.i)K6 25,881 30.167
295.476 i9H.3:l3 319.8x1
49,719 49,H44 402,961
419.080 438.151
29,923 31.664 80,152
255.017 279.150 2^3.283
20.640
31.027
26X.452 232,528 264525
440.815 449,483 433.446
£4,623 £4.791 £4,360
92.22) 4,2:3,96: 4.177,991
.143,896 144,998 £48.904
4.(<
rams.
(000« omUted.)
Germany
Oth. Burope (except Turkey)
Kastlndles
China and Jspau
Tnneyand Egypt
All other countries..
Total lbs
Total Taln«>..
3,187
2,612
2.411
4,964
5,039
2.UU
27,003
32,719
29,906
942
88,644
27.902
45.913
43.058
33.671
27,807
8.539
21.748
£1.116 11.043
207.403
fM.48"
216.536
£10.280
211.220
£91743
ll>
8,484
1,006
4,999
3,063
3,123
1.188
2I,6u5
82,956
1966
3.018
2.833
4.993
46,429
44,108
21,71H
89.421
9.693
6,1
8.911
3.626
2.523
26,131
4«,4il7
41,030
30.016
21.796
9.346
Domestic Exports of Cotton MANDFACroRES.-Through
tte courtesy of Mr. S. Q. Brock, Chief
of the Bureau of
•**!? '«^>Ted this week a statement showing the
-it^^'^V doinestic
•xportsof
cotton manufactures for October, and for
^^^'^•''*'^ ®°£f* Oct 31.1891. with like flgur4 for the
w^pondmg periods of the previous year, and give them
T
212.03:i
8.796
1,003,950
18,069.635
:
3 '.144
11H.9.'W
Total values of above.
:
8.589.121
1,646.9;4
Total yards of above.
A
854.74^
37.005
79.772
61361
ber is given below
The ootKn returns
Value peryard
t-0644
1890.
6.804.022
274.756
1.784.155
6^2,444
6.S8.S04
—The Agricultural Department's report on cotton for Decemof Df ccmber to the Department of Aerloulture
relate to the average prices on I'lantatlons. Ihe fomplaint of iinremuuerative values le gent ral and the declaration frequent tlat the crop
does not return cosr of productlnn.
feeling of dlscouragemeut pervades The report, and a dlspofcitlon to red'joe area Is exiirtssed. The
plantation price, which Is the actual rate for cotton sold at the gin,
averagi s 7-3 cents per pound. For five ycais preceding the range was
from 8*1 to 8'6. and averaged nearly 8*4 cents.
This decUre Is ectoed in the records of export tion, which averaged
In October a Talue of 8 9 cents, against 10-11 cents for October of last
year, a drop of 12 per cent.
The State h verages are as follows Virginia, 7 ; North Carolina), 7*4
Georgia. 7-'4 Florida, 7'3 ; Alabama. 7 3; Mississippi. 73 Louisiana,
7*3; Texas, 7; Arkansas, 7-3 ; Tennessee, 7-3 South Carolina, 7-4.
An almost unexampled season for harvesting is reported, with jiiokIng, ginning and marketing far advanced ; while the nbre is at many
points short, it is clean and of good color.
1891.
664.272
62,03^
295,080
31.405
667,060
I,178.S,S6
'
United States of Colombia.
other countries in 3. America
China
British India and East Indies
Other cuuntrles in Asia and
Oceanica
1890.
677.098
26.070
48.198
45,819
1.837,260
'
Central American States and
British
ifonf » endins Oct. 81. 10 mo8. «ndtns Oct. 31.
1881.
Dn' ted Kingdom
UU,
1,260.611
8.057.243
278.043
1,463.845
499.240
6.465,118
6.9e2.8«:3
5.991.189
477.798
444.814
841.779
111.075
560.668
7,157.739
893,520
4.87T.9SK
4,530.107
17,203,585
73.257.B57
4,522,168
11.600.968
1.220,434
F.344.809
2.424.854
11.159.679
25.185.805
1,727.047
4.519.117
6.363.488
6.053,640
5.871,716
8,49»,107
5.6:2.074
715.206
155,310.291 107,814,13t
Il,0o3.310 $10,178.32ii
$-0663
t'0e95
$7,464,408
$-0693
Valuta of other Manufacture* of
Cotton exported to—
United Kingdom
Germany
France
Otber countries in Europe
British North America
Mexico
Central American States
dc
tlS.702
$46,913
7.051
1.216
1,963
70,445
34.646
34.63'
$204,439
89.615
5.6S8
17,476
542.572
18,512
128366
4.897
4,956
171
2.S52
8,0J0
10.316
8.2U4
61.6845.817
4.323
9.637
39.480
2392
399
4,266
$260,471
25,881
2.167
52.840
31H.508
126,678
British
Honduras
Cuba
Puerto Rico
Santo Domingo
Otber West Indies
Argentine Republic
Brazil
10,418
3.314
6.741
11,690
United States of Colombia
Otber countries in So. America
British possessions In Australasia
Otber countries in Asia and
Oceanioa
63,407
973
Africa
Otber ooon tries
1,814
Total value of other manufaotores of
Aggregate value of all cotton goods
$821,614
1998.591
838i
68.718
40.946
6.513
1.736
36,966
6.S23
6,078
67.797
35.222
3S,43U
68.374
36.728
83.619
46,876
84,689
273.391
485
141
8,744
304
6.936
5.611
3,377
679
1.88
$184,501
39.-.28
876.313
7.440
17,774
8.56.i
30,919
$1,606,331'
$1,267,811 111.782.681
$1384.669
183-9.067
East India Chop.— The following is from Messrs. Gaddum,
Bythell & Co.'s cotton report, dated Bombay, November 7:
We have hnd a dull market during the past week, with a drop in rates
Tliere were two European houses selling flue Broach for
all rouud.
March, and during the early part of the week naiives boucht in order
to support the miirket
but aa these sellers continued to oflfer, natives
could not go on buying, and Broach rates deoiined. All r.und our
maiket is weak, with prices in buyeis' favur. The cr.'p news this week
varies somewhat from the uniformly good reports we have been having
for the 1 ast three weeks, the oscepilou to the general exoallence being
Barsee, where Ihe cold weather has nipped the top-shoots of the plants
and stopned their growth. t'aterpiUars, too, have appeared In two
small sub-districts of Barsee. Reports from all our other cotton growing
centres are very good, and in most parts of Khandeish cotton picking
has started, and the qaality of the seed cotton is good. In Broach and
Katblawur the cotton plauts are doing well, the weather being very
;
suitable.
The Bombay Prices Current of same date says:
Yesterday's advices by wire from the cotton-growing districts were
which came to hand at the beginning of
the week, and conftnned the favorable reports ot the progress of the
crop then given, the only additional Item of news being that in the
Barsee district of the Oomra circle, where the plants showed bolls
rapidly ripening, they were suffering from cold winds; and oaterpiUurs
were doing damage in some places. At Broach the plants were flourishing, and could scarcely look better.
virtually a repetition of those
The Times of India of Nov. 8 contains the following:
The early forecast of a poor cotton crop this season Is confirmed by
an official memorandum, published in Simla. In Bombay the average
S.OOO.OOJto .5,500,000 acres has fallen to 4,000,000, of which 1,179,000 are under early and 2,!i89,000 under late varieties. In tJu central
provinces, where the area ranges between 50?,000 and 750,000 acres,
the late rains and floods have reduced the crops by 40 per cent. In the
Puii.iab the most that can be expected is a 12-ani)a crop; while .n
Madras sowings of both early and late varieties have been reduced by
about one half. In the Camatlc only 27 p'-r cent or the average has
Deen sown. The Berars are the only district where the outturn wUl
not suffer, the early d flolency having been made up by later sowings,
and the average of 2,25(',000 acres is thus fairly malnra ned. Taking
the whole of the reported provinces, it Is oi9>;iaily estimated that thft
total ar a s >wn this year i< not more than ! ,000.000 acres, as against
an average of 2,000.000. v^e should add that this official e tlraate is
j
not accepted in oouim:)ioiaI
SHIPPINQ
clrclea.
News,—The
exports of cotton from the United
states the past week, as per latest mail returns, have reached
272,606 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the Chroniclk last Friday. With regard to New York weinclude the manifests of all vessels cleared up to Thursday.
Total balei
Hew York—To
Liverpool, per steamers Auranla, I.'SO
Oity of Paris, 369
Bellauia, 295
Cuflc, 1,513
Greece, 2,495 ...Nevada. 76
To Hull, per steamers Francisco, 780... Marengo, 1.346 ...
Michigan, 200
To London, per steamera America. 87
Rhodora, 464
To Havre, per steamers La Cbaiupagne, 315
To Bremm. per i.teamer Trave, .579
City ot
To Antwerp, per steamers Boskenna Bay, 618
Lincoln, UOO... Kingswell, 50....We8ternland, 808
Trlnacria, 1,106
To Genoa, per steamers Pocahontas, 147
4,907
2,126
237
809
579
2,376
2,03a
Liverpool, per steamers Bilcarres Bro< k,
Milton,
Haytlen, 3,700.... Inventor, 4.437
2,197
Topaze,
6,400
Palentlno, 6,000
Texan, S,3U0
31,384
3,350
10,442
To Havre, per steamer Emir, 10.4(2
3.150
To Dunkirk, per steamer Sicily, 3,150
6,900
To Bremen, pet steamer Norge, 6,900
1.80O
To Hamburg, per steamc r Valesla, 1,800
To Odessa, per steamer Peeress, 5,.')2S
5,528
Galvestok— To Liverpool, per steamers Bendl. 9,400
Bishopegate, 5,661. ...Felbrldge, 5.331.. ..H. M. Pollock.
5,632 .. Maria, 5,504... Nigretta, 5.800...Palma8, 6,817
53,831.
....FTopitlons, 4,-262.... Bomerton, 5.421
...Werra, 780
Nbw Orlsass—To
J
..
Dkckmbek
THE CHRONICLE
13, 1801.
TaUU
To
:
..
m (oUowe:
Outton freiKhta the paat week hare been
batft,
lASl
HnTr(>, per atoamer AKliford. i,4B4.
893
700
Batannah— To
I.lvttrpool,
per at<^alnnra Norfolk, 4,131
erneld.7.80J....Ziinilbar,
4.000
To
...
aaiur.
Rotli-
18 376
4,700
BooUman, 4,700
Bkunswiok— To Mverponl, pf>r ateamer I.Amaoa 8,862
Ohablrbton— To Liverpool, per ateamera Bcnwlck. 6,763
S,S6i{
To Bremen, per ateamers OouDtew, 6,^27
38,684
MonrOTla,
660....VlrKeiiei>.
—
5a7
Liverpool, per ateamera Ka'roa. 5,399
11,837
3,098
7,><82
4,173
2,078
800
Ottoman, 2,015 ...
Qeorgton, 4,343
bmla, see
Roninn, 1,7^0
To Hiimbur^, perateamer W'andrahm, 160
To Yainiouth, perateamer Bnaton, 168
Bo^sBaltimork— To Liverpool, per steamers Caspian, 921
more, 2,2!t3
To London, per Btennier Maryland, 4
To ILivrc, per ateamer PnHhvno, 100
To Bremen, p.'rsteiinierH Hermann, 1,123 ...Weimar, 4,227
To Hamlmrif, per steamer Oothta. 974
To Rott' rdam, per steamer Uiblno, 8
To Antw-rp, per steamer Soirento, 1,400
Faii,AOELFHiA— I'o Liverpool, per steamer Indiana, 643
9,615
160
168
Do
*«
Do
»ti»«»
'»Si«»4
»«•«*
''n^H
65*
5V
88*
M'
!>•,•«« Il«4*>« »>4*'« >*M*««
*n**n, *M**t* •a»»»i« •n»»is
Indirect
d.
....
Beval, steam.... d. •3a«*>a4
d.
H
H
5
1,400
54'J
M
I4
.
usual
Nov. 20,
Sales of the
week
bales,
Of which exporters took....
Of which speculators took.,
American
Balea
Forwarded
Total stock— Estimated
Of which American—EsUm'd
Of which American
Amount
afloat
Of which Amerloan
13.117
59,204
68,985
40,375
5,862
43,177
15,820
12,2.55
2,278
9,94S
11,047
543
868 272,606
Below we add the clearances this week of vessels carrying
otton from United States ports, bringing our data down to
the latest dates:
OAI.VE8TON—To Liverpool -Deo. 4 -Steamer Endslelgh, 6,062. ...Deo.
5—Steamer Mortlake. 6,769. ...Deo. 7—SteamerPotaro, 1,821....
Deo. 9— Steamers Llanthony Abbey, 6.0J0; Phyllis, 5,019;
Dec. lO-Steamers Amethyst, 2,608; Romola,
5.269.
Fairfield, 4,456; Wooler, 4,429.
Haw ORLEANS—To Liverpool—Deo. 4— Steamers Dryden, 5,900; EmlUDec. 5— Steamers Eieoirlolan, 6,176;
ano, 4,182; Ernesto, 6,211
Deo. 9— Steamer Counsellor,
Pascal, 3,296; Wanderer, 9,500
H
%
'•»»'t
'»•««
T„»J4
I
Total Import of the week...
Total.
*«
»i.»
*IS«
l**
•••
*S1
Antwerp, steam .d. ltf«'»»n "s««»i« "«««»I S "««»«IS "t4»* lS "h««1s
fer lOu OS.
t Bteamw Deeember 11^
Liverpool.— By cable from Llrerpool wehaTa the following
statement of the week's sales, stoou, Ao., at that port:
Actual export
particulars of these shipments, arranged in our
form, are as foUowa:
Beli/ium,
Vera
Havre
Hull d and Bremen Rtis- Baree- Orut d
<C
lona
d
Hamna
<t
TarDunLiverLonburg. Sweden Genoa, mouth.
don.
kirk.
pool,
809
579 2,.S76 2,033
Wew York. 4,»07 2,453
13,^9J 8,700 6,528
N.Orleans. 31,3S1
4,454
700
Galveaton 53,831
4,700
15,376
Savannah 20,299
Brunswick. 5 862
12,066 3,io0 2,057
Charles ton. 2.5,6 '1
3,993
ortulk
11,827
.
4,373
West Point 7.8S2
200
N'p't Newa
2,078
160
168
Boston
9,615
"lOO 6,324 1,405
Baltimore
3,214
Pblladelp'a
543
"u
%
ii,,!
100
974
Km**!
I
BarceloDa,steamd.
Qenoa, steam. ..d.
Trieste, steam. ..d.{
8,'»B0
The
To Bremen— Deo. lO-Steamers
....
8,314
4
.372,606
Tronto, 5,287
d.
2,0 >7
,
8,790
Do
56*
,
2,417 19,155 47,198 17,082
.d.
Amat'd'm,ateam.«,'
6,439
Total ....177,096
.
...,
To Bremen, per ateamer Wnlto Jacket, 3,fl93
WK8T Point— To Liverpool. peratenmerQ'ieen Adelaide, 7,8'2.
To Ghent per sti'nmer Coventry, 4,373
Newport News— To Liverpool, per steamer Berapin, 3,078
200
To Havre, peraU^anier
CephaBoston—To Liverpool, per steamers Catalonia, 907
Total
d.
Bremen, steam
d.|
Peverll,
9H,
bla...<l,
flamburK.steam.d.'
Ataulro,
r<diM>. f»«r«.
|
•«».4,»U»l»»«»l»»'».4»l»«'»S«|
I
12,066
3,400
6,.^39
To Ootbonlxir^. per Hteamer Kate Fawoott, 8,400
per brlg4
To liiir.oliinn. por bark Maria, 800
bo
»n
Am*.
Havre, steam.. .d.
Do
William Annlnr, e,07l>
», 810.... banxoo, &.893
.... per biirka Ariadne, 1,700 .. Reffti, l,4i0
Erato,
HoaroLK—To
I
LWerpool,st«amil.
Hartlngtoii,
Northern. 6,250
Q.'Don, por Btramer
JTen.
30,190
8,iJ7«J
To Bremen, per ateamers u«rtbam, 8,120
Nov. 27.
61,000
3,000
2,100
63,000
6.000
65,000
832,000
648,000
127,000
99.000
466,000
450,000
Dt.
/>•«. 4.
II.
58.000
63,000
68,000
2,500
l.'OO
3,900
3,000
6,100
4,000
49,000
46,000
81,000
10,000
8,000
6,000
77,000
81.000
76,000
997,000 1,010,000 1,144,000
803,000 824,000 986,000
252,000 10U,000| 218,000
228,000
91,000 202,000
395,000 470,000; 420,000
885.000 4eo.<K10 410,000
The tone of the Liverpool market for spots and futures each
lay of the week ending Dec. 11, and the daily closing prices
of spot cotton, have been as follows:
Saturday Monday. Tuesday. Wtdne*. TkwrtiFy. JVidoy.
Spot.
Market,
P. M.
Fully
Fair
malnt'ned demand.
1:45
Mld.Upl'ds
8.000
10
Spec Aexp.
Qalst.
Qntat.
doing.
4»is
4»18
4»1S
*»is
4»is
10,000
1,000
10,000
10,000
1,600
8,000
1,000
8,000
1,000
Barely
atsady
i.e4d*.
QolM.
Quiet and
4Bi,
Sales
Fair
boslnMi
l,!iOO
Futures.
Market,
i
1:45 P. M.<
Steady.
Market,
4 P.M.
rirm.
Qalst at
Steady at
hsyat
1.64«S-64 2.««as.«4 S-M98.64
decline.
advance.
deollne.
Very
Barely
Very
•teady.
steady.
stsady.
asyat
ellne.
•twdy.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low MiddliuK clause, unless otherwise statod
4,201.
Tam., Dee. 8.
Mea., Dee. T.
Sat.. Dee. S.
Dec. 5 -Steamer
To Havre Deo. 4 -Steamer Indranl, 9,350
Dec.
Dec. 7-8team-r Oxenholme, 4,373
Meworth. e.-'iOO
.
8—Steamer
Dunsley, 3.083 ...Dec. 9 -ship Cora, 4,077. ...Deo.
lO-Hteamer Paris, 5.802.
To Bremen-Dec. 7-8teamer Maple Branch, 5,651
Stc.'imers M^areca, 5,650: Reglna, 5,500;
SomerhlU,
OrtnBiQh
Deo. 8 —
4,'650.
To Hamburg -Deo. 4— Steamer Croatia, 1,625.
To Antwerp— Dec. 7— Steamer Sir Garnet Wolseley, 1,650.
To Keval-Dec. 5 -Steamer Empire, 4,830.
To Odessa-Dec. 5 - Steamer Roman Prince, 4.493.
To Barcelona-Dec. 7— Steamers Plo IX., 3,900; Ponoe de Leon,
5.650.
To Malaga— Deo. 7- Steamer Ponce de L(>on, 1,600.
To GeiiOii-Deo. 7— Steamer Plo IX., 3,266.
Savannah— To Llvernool— Deo. 5-8teamer Mount Tabor, 4,150.
To Amsterdam— Deo. 7— Steamer RosevlUe, 3,962.
To Genoa- Dec. 5— Steamer Romsdal, 3,850.
BRDN8WICK— To Liverpool— Dec. 10-Steamer Amana, 7,261.
Deo. 9—
CHARLESTON—To Liverpool— Dec. 7-8leamer Carrie, 4,610
Steamer Salisbury, 3,483... Dec. 10-8teamer Regnant, 4,169.
To Bremen-Dec. 8 -Steamer Sledm're, 5,681.
Wilminoton- To Llverpool-Dco. 5-Steamers Start, 7,933; Torgorm,
d.
1
d.
Lou). Clot.
d.
d.
June-Jaly«. 4 40 4 40 4 40
July.Aog... 443 443 443
4 40
August
....
....
Ang..8ept..
...
....
413
Istrian, 1,100.
1,700.
Lake Superior,
Dec.
1,341.
To Yarmouth - Dec.
Boston, 165.
Samaria, 644
4 -Steamer Boston,
...Deo.
8—Steamer
„
200....Deo. 0—
180. ...Dec.
•
BALTIMORE— To London-Dec. 4 -Steamer
Optn
4—
5 -Steamer
Mississippi,
Steamer Missouri, 300.
To Rotterdam -Dec, 4— Steamer Handel, 361.
PaiLADKLPHLA— To Liverpool— Dec. 8 -Steamer British PrlBOe, 681.
d.
d.
d.
d.
418 4*1
4 18 4*1
422 425
42« 429
480 433
488 434)
434 430
4 39 4 42 489 4 4'i
442 445 4U 446
419
419
4*2
4*8
430
434
437
....
....
....
....
....
Decsmber.
d.
41fi
4 16
JUL-Fsb....
Feb.-Meb...
Mob..Aprtl.
April-May..
4 IN
423
42«
430
....
....
....
...
Wed., Dec. 9.
5,414.
Steamers Palestine, 2,881;
d.
December.. 4 19 4 19 419 419 418 4 21
Dec-Jan.... 4 19 4 19 419 419| 418 4*1
42* 4*6
Jan.-Feb.... 4 21 4 22 4*1 422
4«e 429
Fsb.-Mch... 4 26 4 27 426 427
Mch..Aprll. 4 80 4 31 430 4 31 480 483
Aprll-May..! 48S 434 438 484 438 48«
May June.. 4 87 4 37 4 37 4 87 4SS 439
ORFOLK— To Liverpool— Deo. 10—Steamer
To Havre- Dec. 7— Steamer Mameluke,
To Barcelona-Dec S— Steamer Frutera, 2,773.
ston— To Liverpool -Dee. 1— Steamer Columbian, 4.582
Opm
Open H<«k Low. Ooe.
Higlk
Low.
Oto*.
d.
T"
d.
41« 416 41«
4M 416 4t«
4 20 4 16 4*0
4 24 422 4*4
423 42« 4*8
4 81 480 4 31
4SS 483 435
438 48« 438
441 439 4 41
4.
d.
4 16
4 IS
41«
419 4 19
4*8 4*3
4*7 428
4 16
4 31
4 31
...
d.
418
418
4t*
4*8
4(0
4*8
4*8
4*9
4 4t
....
rri„Dee. 11.
Owm
d.
416 416
4 16 416
419 419
4*8 1*8
4*7 4*7
4*0 481
4S4 4*4
4*7 4*8
441 4U
....
a—
....
Low. OlM.
4.
4.
419 418
4 19 418
423 4*1
4*7 4*6
481 4*9
4*4 4*8
4S7 48«
4 40 4 40 43*
413 443 44*
Tkars., Dee. 10.
0pm ms»
Low.
d.
H,Sk Low. OlSB.
d.
*•
4 16
4 16
4 16
*
4 16
416
4l» 418
4*t 4**
4*7 1*6
4*1 4*0
1*4 *•*
4*7 IfT
440 4 41 140
416
4 18
1**
4ae
480
4*4
417
d.
418
116
lis
in
1*8
188
481
4tr
410
486 486
4 83
Ma7.Jime
To Antwerp— Dec. 8-Steamer Switzerland, 100.
488 4*8
Jane.Jaly... 48«
4U 4U
to
disasters
of
July-Aiis... 489
Below we give all news received to date
....
....
....
....
....
....
...
ports,
&c.
Augnst.....
vessels carrying cotton from United States
....
AMARTLLIS, steamer (Br.), from Savannah, before rep srted off Genoa Aag.4ept .
with cargo on Are. It Is believed that 200 bales of cotton were
burnct.
Habewoou. steamer (Br,), at Havre from New Orleans, was discovered to be on Hre Dec. 5 In No. 1 hold, but the flames were quickwere
ly extinKUished. Nine bales of cotton and some of the wheat
slightly damaged.
_
«
.
.„„
from
route
en
Dec.
News,
Newport
9,
PROPm)Cs, steamer (Br.), at
raiDAT, Deeember 11, 1891.
Galveston to Llveriwol, reports having steamed through upvara
bore
and
order
good
In
bales
were
The
of 1,500 bales of cotton.
in wheat flour for the week under review weco
dealings
The
the
no trace of Ure. Tlie vessel was three hours steaming through
The demand was fair (or excotton without incident of moment.
debris. The Impression prevails that a tramp steamer,
very full
port and the low and medium grades brought
laden, has foundered in mUi-ocean.
v__
10
on •"•»^Treourno, steamer (Br), from Galveston for Liverpool, Is ashore tor
prices, except when pressed for prompt delivery
want of itock.
miles north of Capo Florida, and has wired Key West
The local trade does not appear to be much
.
BREADSTUFF S.
m
m
assistance.
—
—
THE CHRONICLE
894
[Vol. LIIl.
and the higher grades have encountered a slow market. Rye steady demand but are
flour has favored buyers, but corn meal and buckwheat flour
ruled quite steady. To-day the market was firm but quiet
throughout.
unsettled, with dealings irequently relapsing into complete dulness. It was seen on
Monday last that the visible supply in American markets was
reduced 1,618,000 buahels. Prices consequently made a sharp
speculative advance, and some further improvement followed
on Tuesday when it was shown that the quantity on passage
for Europe was reduced 8^4 million bushels. But the regular
trade, whether for export or home milling, remained dull.
To-day a firmer opening was followed by a decline due to
the large crop movement and selling on Western account.
There was some business'for export, including choice spring
at $1 13?^.
DAtLT CLOSniO PKICES OF NO. 2 KED WINTER WHEAT.
~.
"
FH.
Thurs.
TiteJi.
Wen.
Hon.
Slit.
lOoTg lOfiOs 1063g 106-3 loe^
c. lOS'^s
December ilelivery
lOGTg
I(i7i8
10714
107
107
c.
lOoH
Hi
delivery
January
108% 10-% 10ai4 10Si« 108
o. ICG's
Feliniary delivery
109% llOie 10938 lOfl^ lOflTg
o. lOSig
March delivery
lOii^
lOP's 109B8
log's llOifl
c. KiSSs
April dfllvery
lOSTg
l()i>i5
K'PSs
o. 108i«
Mavdellvpry
1099b 110
108 !«
107»8
105 >« 10=% 108
.0. lOB's
June delivery
The wheat market has been
far from active. Woolen and wor^^ted
dress goods for spring are well under order, buc current business is indiflferent.
—
Domestic Cotton Goods. Tbe ezDorts of cotton go' ds
from this port for the we«k ending December 8 were 3,047
packages, valued at 1163.047, their destination beins to tbe
loint* specifled in the table below:
NEW York
Dec
to
1891.
Week. Since Jan.
318
57
358
GIreat Britain
29;5
4,703
1,526
112,718
9.642
13.835
4,802
13,460
3,735
8.112
34,313
2.8S3
3,047
2r 9,729
Other European.............
(Jhlna
61
751
12
India
A^frioa
West Indies
...
367
.......
38
83
.
Indian corn has materially advanc-^d with something of a
"corner" in speculative circles at the West. Pa'tie» continue to over-sell the market for prompt delivery. Supplies
do not come forward in quantities sufficient to meet
Deoemlegitimate contracts or shipping engagemei ts.
ber has (hs November did) cornered itself; and to some extent the whole range of contracts has improved. To-day spot
corn and December deliveries were cheaper while the next
two months were dearer. Exporters bought more freely, including steamer mixed for December at 5y?^@60c.
DAILY CLOSINO PRICES OP NO. 2 MIXED COBN.
December delivery
January delivery
0.
o.
0.
0.
Februar.y delivery
March delivery
May delivery
c.
Sat.
if on.
60>9
6lis
f'6M
5458
54 'h
53»H
5338
.^438
52-'8
5!i38
Vfyt
Fri.
Tues.
64
64ia
65
63
5"%
56%
5658
54 '8
5438
53J4
56%
54%
53
Ti>urs.
541s
.«.4%
..
54ifl
.
53
5258
Oats were buoyant on an export demand, but to day were
lower under sales to realize.
DAILY CLOSINO PRICES OF NO. 2 MIXRD OATS.
Wed.
Thurs.
Fri.
Man.
Tues.
Sat.
4i *«
41'^8
41'^8
41%
41
December delivery
0. 4114
4(i68
•«
40
40>4
4058
40
0.
40
delivery
Jaiuary
39'8
39%
Maydehvery
39%
3!»%
o. 39>s
Rye has been dull, and clones lower. Barley las favored
Business in buckbuyers, without leading to active trading
wheat for export has ceased and prices are weak.
FLOnR.
#bW. $3 10»$3
Superfine
Extra, No. 2
Extra, No. 1
Clears
Stralehts
Patent, sprire
HO Patent, winter
$4 90»*5 25
30
40a 3 S.t City shipplns: extras. 5 25
65® 4 00 Rye flour,8ui>erflne.. 5 10a
50
4 10a 4.50
Fine
3 75® 4 50
4 50® 4 75 Corn me.*l
470® 515
Western, *o
3 30 ® 3 50
5 00« 5 50
Brandywme
® 3 60
Wheat—
c.
Fine
3
3
ft
ft
Bnckwhent flour per 100 lbs., $2 00 a 9i2 10.
[Wheat flour in Eacke tells at prices below those
for barrels.]
Bprlnfr,
per bush...
97
Com, per
•I 14
Eed winterNo.2..1 06%®1 07's
Eed winter
96 ®t 10
White
98
Oats— Mixed.. ^ bu. 41
White
41
®109
®
B
West'u yellow....
Wei- tern while
43
45
Rye
51
62
55
56
3 047
7,192
37
1,250
100
431
36
104
784
7
31
345
3.034
9,993
139,383
61,175
9,995
200,563
233,031
1 .
7,274
2,965
47.501
3.908
10 900
6,8'0
16 P8 t
2,539
6,138
From New England uUl points direct.
Tlie valu<» of the New^ York exports since January 1 have
been JIG 977,009 in 1891 against |7,8''9,599 in 1890.
In staple cottons buyers have tak-n about a regular
quantity of brown and bleached go ids, with an increase in
tome dyed and colored makes. Prices are steady, and an
advance of J^c. per yar.l is noted in flat-fold cambrics in
response to the recent rise in print cloths. Good sized deliveries have bet>n made against previous orders in some
leadir'g makes.
The sales of print cloths last week reached
a total at Fall River and Providence of 550, OnO pieces, thfl
iHrgest one week's business in the history of the trade, and
prices are now firm at 3c. for 64x64< and at 2 9-16c. fur
56x60s. In spring goods there was more doing by agen's ii
piinted fabrics, although regular lines of these are aot opene l
yet, and the jobbers reported good orders for light style
goods, &c.
1891.
1890.
stock of Print Olothi—
Dec. 5.
Held by Providence manufacturers. 297,000
Fall River manufacturers
239,000
Outside speculators (est)...
None.
Total RtoOKpteoesI
wash
18^!'.
Oec. 7.
Oec 6.
301.000
561.O00
10,000
453.000
270.000
Ix.OOO
None.
872,000
238,000
there has
been a slow business outside of holiday soecialties.
In
regular seasonable goods importers have indulged in considerable cutting of prices to move broken lors, but only
moderate results have been accomplished. For spring the
first businees is now through except with some late arrivals.
Foreign Dry Goods.
— For
immediate wants
Importations of Drr Ooods.
The importations of dry goods at this port for the week
ending Dec. 10, 1891, and since Jan. 1, and the same facts
a
6ij
®
I
2L
Flax...
Wool..
Mlscellan
Cotton
i
9
64
®1 03
®1 04
a 73
®
®
®
67
75
55
THE DRY GOODS TRADE.
n
1
•
s
Mannfaot
o
a
3
...
mand with
the tormer ha» moved along from day to day
without interruption and with little material expansion in
staple lines, buyers still holding back from purchases of domestics for spring delivery. There ought to be a good business noing now on the latter account and some agents look
for a dfciiled imp^ovem^nt during the next week or two; but
it would not be at all surprisinx if the real movement were
deferred until after the new year. Varying influences previously noted still keep buyers and sellers apart low-priced
cotton on th one hand and moderate stocks on the other.
The print cloth situation is also an element of strength, as
recent purchasts have placed manufacturers in an unusually
good pobiiion for the time being. Trade reports from various s^ction~ of the country are fair, but most of the business
doinK 18 of a holiday character. Collections continue regular
with but ft-w exceptions.
—
Domestic Woolens.— There has been an exceedingly quiet
market during the past week. The new lines of goods for
next autumn have been inspected by numerous visitors, but
the result in actual business has been very moderate, although
from the liberal memoranda
ide buyers evidently intend to
place good orders when the time comes, which is evidently, in
their opinion, not yet. Stocks of heavy-weight woolens and
worsteds are small and prices steady. For spring goods moderate re-orders come for ward daily, but they are devoid of
special character. The overcoat business* is moderate and
cloakings are quiet.
Flannels and blankets continue in
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Hew Tobk.
Friday P. M.. December 11, 1891.
The market since last rfport has presfnied few new features either at first hands or among jobbing houses. The de-
A
A
E?
rt
Bilk
621*
-1
«J
m
19
35
23,301
Total
*
-
Western, per bush. 1 CO
42»«
No. 2 mixed
state and Jprsey 1 OO
41 1«® 43
No. 2 white
Barley— No.2We8i'n. 72
Buckwheat
State, 2r'd
60 9 63
(b
State, 6r'd
70
West. feen'K
62
For other tables asaally Klvea here nee pane 869.
4m®
Total
China, via Vanoonver
H
bush.
West'n mixed
Steamer No 2
710
South America ......••••.••.
Week. Since Jan.
1.
for the corresponding periods of last Tear are as follows:
GRAIN,
o.
1890.
8.
a *-y<iM
n
(X
If
e"
@FedFRASER