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iitaitcM
ontmtrtfa
AND
HUNT'S
MAGAZINE,
MERCHANTS’
BBPSESB^i'IMa THE INDUSTRIAL
AND COMMERCIAL INTERESTS
1837.
THE CHRONICLE.
835
Returns
836
Financial Situation
National Bank Notes and Silver
The
Cert i floate s
The Economic
- -
Disturbances
1873
Since
841
The War Cloud in Europe
How and Why the Canal has In¬
creased its Grain Traffic....
and
Commercial
838
Monetary
838
Commercial and Miscellaneous
Improvement Expenditures on
the New York Central
840
842
844
News
846
$10 20
6 10
11 28
JB2 7s.
......
£1 8s.
continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
Orders.
prices include the Investors’ Supplement,, of 120 pages
issued once in two months, and furnished without extra charge to
subscribers of the Chronicle.
A file cover is furuisued at 50 cents; postage on the same is 18
cents. Yo.umes bound for subscribers at $1 00.
Loudon Agents:
These
subscriptions
at Is.
(-63-61
(-7-0)
bushels.)
(37,573,800)
bbls.)
(17,290,000)
(3,973,205)
(072,400)
(40.009,000)
(30,951,000)
87,190,552
5,097.» 00
90,912,408
-10 0
5,23.1,000
-fS'O
1,588,306
1,028.085
1,157.If 2
-25
-2 0
870.043
5*03,235
911,415
+10-7
(625,100)
(Petroleum
who will take
and advertisements and supply single copies of the paper
& Smith, 1 Drapeis’ Gardens. E. O.,
Philadelphia
Pittsburg.
Baltimore
Total Middle.;
Chicago
Cincinnati
Milwaukee
Detroit
Indianapolis
Cleveland
Columbus
Peoria
Omaha
Denver
St. Paul
Grand Rapids
Wichita
WILLIAM
B. DANA
JOHN G. FLO V
WILM A n R. DA V A Sc Co., Pnbliglierg,
102 William Street, NEW YOUIv.
Post office box 958.
CLEARING
HOUSE
RETURNS.
Total Western
St. Louis
St. Joseph
New Orleans
Louisville
Kansas City
...
(-47-9)
-0-9
+12 2
+ 08
-10
5 9
99,405,750
108,210,930
99,731,310
+0-1
62,697,195
68,912,530
—90
60,990.661
—3-7
10,005,511
11,872,570
9,243,359
18,000.( 55
+15-7
10,827,791
+5-4-
-91
12,405,014
—5 0
85,205, v 82
91,215,944
—0-5
84,223,963
-29
04.814,6*5
11,249.650
4.539.711
4.4D5 954
2,102.. 05
3,240,130
2,290,125
1,297,277
57,629,238
3,107,511
2,451,000
4,141,124
1,903,0: 8
3,940.710
450,s40
638,544
1-0
+15-8
-t-21-0
-IS
+118
00,950,137
+8-6
11,740,200
-4'2
-fy-9
11,027,200
4,725,714
—2-7
4,130,11-7
3.501,"00
1,099,092
3,279,551
1,700,330
981,222
-i-20-3
+ 272
—1*2
+85-2
431 0
429-2
-j-llcO
4-15-8
4141
4200
4-855
4,563,215
1,910,800
3,387,575
2.240,804
1.370.915
3,371,200
5,307.017
2,; 01,608
4,462,932
673,550
901.1M5
3,203,880
290,2 OO
+3-3
+175
+5-4
+0*1
+5*2
+25-8
+31*0
+18 0
+41-6
+13-8
+42-8
+ 54-7
+9*6
109,845,405
98,161 238
411-9
113,454,022
18,270,8- 2
1,001,701
12,000,8*7
17,897,723
1,010,315
421
10,458,429
+ 9*5
-09
1.550,7; 6
+494
+1-3
+8*0
+0-0
5,075.400
7,513,109
2.037,014
1,411,144
Memphis
f-50*0)
(-42-5)
(+65-81
—8*1
+
3,852,418
200, L 52
each.
1,081,907
.
+34*8
+15-1
4.053,247
2.2 >4,8-41
4,504.52t
550,920
805,250
Minneapolis
87,336.177
5,071,400
-24 ?
537,432
1.02.1.678
920,5- 3
1,229,(03
075,854
Total New England...
(1,600.520)
(000,900)
(~7 0) (100,944,5(50)
(-50-7; (25,080,000)
P. Cent.
1,247,940
1,094,950
1,017,502
1,048,055
038,319
1,133,074
Lowell
Subscriptions will be
Messrs Edwards
(1,444,011)
bales.)
8or»ngfleld
Subscription—Payable in Advance :
Post Office Money
shares.)
Boston
Providence
Hartford
New Haven
Portland
Worcester...
For One Y«ar (Including postage)
For Six Months
do.
or
(Cotton
(Grain
$
051,852,044
t
-34-3
Sales of—
End’g Dec. 10.
1887.
P. Cent
993,530,100
(Stocks
English News
European Subscription (including postage)
Annual subscription in London (including postage)
Bix Mos.
do
do
do
$
1880.
652,453,783
Now York
%\w ©hrouick.
Terms of
Week
Week Ending Dec. 17.
CONTENTS.
Clearing House
NO. 1,174.
1887.
SATURDAY, DECEMBER 24,
VOL. 45
OF THE UNITED STATES,
13,07- *,33 7
4,003.073
7,222,050
3.061,900
2,110,82*1
141
12,371,172
4-14 3
6,458,507
44-0
7.582.W4H
2.967 274
+3-4
1,017.001
—20-7
—
140
-34-1
—
-1-2
exchanges for the week ending December 17 record a
+ 290
1,280,905
1,307.491
1,271,897
further small decline, but it is entirely outside of New York,
-3-4
+ 6-2
52,105,057
53,319,637
50,388,120
Total Southern
for notwithstanding the fact that Stock Exchange transac¬
+ 10*1
4-150
16,463,790
15,304,620
18,272,591
San Francisco
tions were about ten per cent less than during the previous
-10-2
—253
1,019,044,777
1,‘59,093,955
1,015,690,931
Total all
week, the clearings at this city show a slight addition. Aside Outside New York
+34
6
307.192.733
305,657.7a9
803,237,148
from New York the only cities which exhibit gains over
Not included in totals.
December 10 are Providence, Springfield, Lowell, Philadel.
We have received our usual five-day telegraphic returns of
phia, Cincinnati, Indianapolis, Columbus, St. Paul, St. Joseph exchanges and they are given below. The total for the seven
and San Francisco,
With reference to this city the lack of cities exhibits a falling off from the corresponding live days
animation in all branches of speculation is affecting clearings of last week, and in comparison with the similar period of
last year there is a loss of 19*1 per cent.
On the basis of these
very materially—how materially is well illustrated by the
returns the estimate for the full week ending Dec.
telegraphic
week of last year with which we now compare, when the 24 would seem to
point to a decrease, compared with 1886,
dealings in share properties accounted for over one-half of the of about 0*1 per cent, the week of last year, however,
embraced only five business days, Christmas having occurred
total exchanges.
on Saturday.
Messrs. R. G. Dun & Co. report the number of
Compared with the similar week of 1880 there is a decrease failures for the week ended to-night as 290 (261 in the United
at New York of 34*3 per cent, and twelve other cities also States and 29 in
Canada), against 288 last week and 263 for
recorded losses ranging from 0*9 per cent at St. Joseph to 34*1 the same week of last year.
The number of clearing houses show_
per cent at Galveston.
Week End’s Dec. 17.
Week Ending Lee. 24.
ing increases is not so imposing as during preceding weeks} Returns by Telegraph.
1887.
P. Cent
P. Cent
1886.
1887.
neither are the percentages so heavy. The most important
$
$
are, however, Wichita, 35‘5 per cent; Columbus, 35*2; Spring-24-8
540,348,810
457.704,844
604,708,529
New York
field, 34*8; Peoria, 31*9, and Omaha, 29*2 per cent. The net Sales of Stock (shares)....
(1,290, (31)
(1,729,601) (-06-2
(601,518
78 278.475
result of the contrast with a year ago is, moreover, a falling Boston
-15 9
73,379,015
61,783,854
-5-G
51,305,801
51,993,99'
55,023,514
off in the whole country of 25 3 per cent, and a decline out¬ Philadelphia
—2 l
9,817,310
Baltimore
10,015,991
10,221,832
side of New York of 0*6 per cent.
+17 4
54,077,000
43,648,212
51.23->,000
Chicago
+ 5-1
15,240,850
14,348,082
16,081,350
Operations in shares on the New York Stock Exchange for 8t. Louis
-15 9
9.050,412
Orleans
9,430,153
11,212.000
New
the week cover a market value of $72,882,000, against $211,-296
-191
754.084,727
657.250.191
812,602,714
Total. 5 days.
992,000 for the week of last year. As is our custom, we
-19-0
153,961,487
+
Estimated 1 day
135,267,1U4
Bank
Galveston—
Norfolk
'
—U
•
'
deduct two-and-a hall times these values from the New York
torals to arrive at the exchanges due to other
business, the
result reached being $470,248,783 and $463,556,160, respectively, in the two years, or an increase of 1*4 per cent.
....
Total full week
Balance Country*
Total week,all..
....
792.517,205
101,240,137
812,602,714
82,437,11k
893 763,432
895,03».82<
•For tho full week, based on last week’* returns.
-2 6
+ 22-8
-0
.
908,016,214
107,004,432
1.016.910.640
"—27 9
+10-7
-25-3
THE
836
CHRONICLE.
[VOL. XLV.
£77,000 has been brought about by a large shipment
to Germany.
Our special cable states that £192,000 gold
The money market has become sensibly easier this week has this week been exported to Germany;. £45,000 was
so far as represented by call rates for bankers’ balances ;
imported partly from South America and £70,000 was
the extremes have been 4 and 6 per cent, not averaging received from the interior of Great Britain. Tne Bank of
more than
4^ per cent, at which likewise renewals have France also lost £116,000 gold.
Our foreign exchange market has been
been made.
Time loans have also been obtained running
strong this
week
at an advance of one cent a pound
from 60 days to 4 months at 5 to 5£ per cent on first class
sterling since
security from trust companies and out-of-town banks. Tnis Thursday of last week. Tnis advance is probably in some
is an unusual condition for the closing-weeks of the year measure due to the condition on the Continent, but
mainly
when the calling in of loans by banks, trust companies the result of an active demand on the part of bankers
and other institutions in anticipation of the first of Jan¬ and the small supply of bills offering.
Tnere is always
uary disbursements generally combine to make money good buying of bills in December to remit for interest
more active, if not really stringent.
Still, the easier tone and other obligations maturing on or about January 1,
prevailing in the place of the ordinary spasm is readily both because of an anticipated demand for bills on or
explainable. Three conditions, affecting both the supply about that date, and also because bankers are advised
and demand, have contributed in producing it.
The ex¬ by their correspondents 'in E irope that coupons, &c.,
tremely limited transactions at the Stock Exchange are have been bought by tihem. The amount thus required
one of them
; had speculation been active the inquiry ought to be large this year,, for we have certainly sent an
would have been
influence unusual amount of securities to E irope during the twelve
more
active.
Another
and quite as important
has been the Government months. Tne advance in rates is therefore no surprise,
disbursements the last three weeks; they have run so especially as the exports of breadstuffs are small, and of
much in excess of the receipts as to average for each of cotton are much less than they were a month! ago, and less
the two previous weeks an addition to our bank reserves of than they were last year at this. time.
Tne arbitrage
over 1 million
houses
are
dollars, and this week nearly two millions.
doing scarcely anything.
Tnere was an
Besides, there is the well-known fact that SuOck-Ex- importation of $170,00 5 in gild bars from London on
change borrowers and probably many merchants have to a Monday, having been ordered out about ten days ago,
greater extent than ordinarily, fearing stringency, secured when, as will be remembered, exchange was for a brief
time loans running into the new year or made early pro¬ period at the gold-importing point.
at
THE FINANCIAL SITUATION.
vision
for
all
their
December wants.
Notwithstanding
these
conditions, it is still true that banks find no diffi¬
every dollar they can spire at fully
six per cent.
J ust now they are not disposed to loan on
time except where it is nec
essary to accommodate good
customers, but are responding with some freedom to the
demand for call money though in no case so far as we
can learn
below the legal rate.
Tney continue to have
a
very active mq dry for accommodation from the WestThe banks there have discounted large lines of paper and
are
getting rediscounts from their correspondents here,
and it is this demand,
which has been so urgent
of late, that is
enabling our institutions to find em
ployment for their funds at such satisfactory rates.
The present
anticipation is that after we have entered
upon the new
year
and the Government first of
January disbursements have got into bank, money will
culty in putting out
be easier.
ordinary
That
would
be
a
safe
conclusion
in
any
year.
The situation in
Europe has been somewhat strained at
during the week, and while the published reports
are
contradictory, private advices reveal the fact that
there is real apprehension felt
regarding the attitude of
Russia.
Any one can see how easy under existing cir¬
intervals
cumstances it would be for the condition
to
change from
bo
on
the Continent
footing to actual warfare. Tuere is
irritation existing between neighboring nations
a war
great
that the merest accident
It is with sincere
sorro w
that financial circles learned yes¬
terday of the momentarily expected death at his home in
Albany of ex-Secretary Manning, who at that time wa3
President of the
Western
<‘Be careful and remember
the
last
words
that
National
Bank of
that work kills”
Guvier
uttered ;
this
were
they
city.
among
were
ad¬
dressed to Professor
Agassiz,, then a young man at Paris,
Agassiz himself subsequently illustrated them in his
own
experience. But of no one could it be more truly slid
than of Mr. Manning that his life was a sacrifice to his
untiring devotion to duty. lie became Secretary of the
Treasury in March 1885, when the government finances
in
a
were
most
threatening position, beset with
Even Mr. McCulloch, his immediate prede¬
perils.
cessor, acknowledged
in a letter written the last
of February of that
year the impossibility of conducting the Treasury affairs without adopting silver pay¬
ments. The Custom House revenues were then forty-five per
cent of them in the white metal.
But through his personal effort, close attention and skillful management, tie
details of which it is unnecessary to repeat here, Mr. Min¬
ning was enabled graiually to obtain control of the gold
movement and the Treasury recovered Pself.
By the
time the next year began no one doubted the Gnv*
ernment’s ability as well as intention to pay every
creditor
in
the
kind
of * currency
he desired,
whether gold, silver or legal tenders.
We only recall
this matter, because it was a great achievement, give
stability to public finances and permitted the term of pros¬
perity which the country has siace, then been enjoyiag .
Besides, it is merely an example of the spirit and zeal Mr.
and
might, one would think, bring on
subseq tent page why, as we look
at it, a
peaceful result may be anticipated, and yet there
is no doubt that the situation is
'grave, especially in
view ot the
reported condition of the Czir’s health. Manning threw into all the work of the department—the
The continental bourses have more or less reflected secret of hi3
subsequent illness and the cause of his death.
this uncertainty and
apprehension during the week, and We all remember the later facts, how he was suddenly
it is noticed that the
open market rates for money at Paris prostrated in March, 1886, the sickness which followed,
and Berlin have remained firm at
2J p3r cent within the compelling the close of his public career with February,
last few days.
At London, however, notwithstanding the 1887. In parting with his adviser at that date, President
loss of bullion
by the Bank, the rate of discount for 60 Cleveland very fitly, and with great truth, said: “Your
day to 3 months’ bank bills has dropped to 2J per cent. “ labors, your achievements, your successes and your devoThe Bank of
England’s loss of bullion which is reported “ tion to public duty are fully seen and known, and they
a
conflict. We state
on a
THE
24, 1887.]
December
“challenge the
appreciation and gratitude of
“countrymen.”
Trade
affairs are in a
all your
quiet state at present, a point hav.
reached where few developments of moment, one
way or the other, are for the time being looked for.
The
holiday trade is probably more than usually active, both
t and general business being alike in this that they
are large in amount.
But profits are cut very fine, and
the average business man to-day evinces more than the
ordinary degree of caution in mapping out operations for
the future.
This hesitation is increased by other obvious
causes.
First and foremost is the uncertainty and dou bt
to the probable action of Congress on the surplus ques¬
tion.
It is an axiom that nothing so paralyzes trade as
doubt and uncertainty, but meanwhile Congress idles
away its time doing nothing but pass resolutions of
adjournment, though the President in the matter and
method of his annual message brought the necessity
for prompt action sharply before the legislative body.
It happens at the same time that the prospective falling
off in railroad construction puts a further element of
doubt in special trades, as its extent can not yet be
determined. But this is a matter that will soon remedy
itself. In the circumstances, however, it is not surprising
that our merchants and manufacturers should proceed
points on comparatively few transactions, but it has since
dropped back almost to the original figure. Philadelphia
& Reading has been attacked once or twice on rumors of
differences about the scale of wages for the ensuing year,
ing been
as
slowly and with
837
CHRONICLE.
and this has
that stock, but alto¬
caused some decline in
gether the price has been well maintained. Columbus
Hocking Valley & Toledo stock has been strong on the
continuation of the injunction restraining the old man¬
disposing of their holdings. The market
gradually hardened the last two days, and yesterday
there was a pretty general advance—on limited transac¬
agement from
has
tions, however.
The
made up from returns collected
following statement,
receipts and shipments of currency
Yor-k banks.
by us, shows the week’s
and gold by tbe New
rVeek ending
.
Total gold and legal
$1,781,000
tenders....
Tne above shows
Movement.
X. Y. Banks. X. r. Banks.
$1,781,000
Gold...'.
Xet Interior
Shipped by
Received by
December 23,1887.
the actual changes
$2,041,000
750,000
Loss..
$2,700,000
Loss.
$200,000
755,000
Loss..
$1,015,000
in the bank holdings
and gold caused by this movement to and
In addition to that movement
banks have gained $2,075,000 through the opera¬
of currency
deliberation.
satisfactory, and
volume of trade
in progress all over the country.
Tnese figures of earn¬
ings are a much better indication just now of the extent
of business being done than the totals of clearings, for
the lull in
Stock Exchange speculation as compared
with an active period last year, makes these latter rather
misleading.. For the second week of December our state¬
Railroad gross earnings continue very
in this we have an evidence of the large
from
the
interior.
the
tions of
(including $190,000 for
the Sub-Treasury
gold
Adding that item to the above, we have the
following, which should indicate the total gain to the New
York Clearing House banks of gold and currency for the
wreek covered by the bank statement to be issued to-day.
imports).
1
Week ending
Banks’ Interior
Rnh-Trenanrv
Movement , as above
operations
Total gold and
legal tenders
The Bank of
Out of
Into Banks.
December 23.1S87.
...
Banks.
$1,781,000
$2,700,000
8,303,000
0,200,000
$0,0S0,O00
$10,140,000
England lost £77,000
Xet Change
in
Bank Holdings.
Loss.. $1,015,000
Gain..
2,073,000
Gain..$1,000,000
bullion during the
abroad
week, made up by the shipment of £147,000 net
and the receipt of £70,000 from the interior of Great
The Bank of France lost 2,900,1)00 francs gold
Britain.
comprising 73 roads, shows earn¬
ings this year $575,932, or 13 87 per cent, greater than a
and gained 1,150,000 francs silver, and the Bank of Ger¬
year ago, with 1C of the roads reporting decreases. In the
same week in 188G there wTere G5 roads which reported many, since our last report, shows an increase of 3,500,000
marks.
The following indicates the amount of bullion in
again of $G79,G96, or 15-73 per cent, some traffic which
had been delayed in the first week of the month by snow the principal European banks this week and at the cor.
and ice having been forced into that week.
The further responding date last year.
December 23, 1880.
December 22. 1S87.
large gain the present year is therefore all the more
Banks of
Gold,
Total.
Silver.
j Silver, j lotal.
Gold.
noteworthy. Future returns, however, will be regarded
£
!
£
£
J
£
£
£
with much more interest, as the general reduction of
' 19.159,988
20,480,459 19,159,OSS1
20,480,459
rates west and southwest of .Chicago, which went into France
41,878,120 47,748,278 92,020,09* 50,113,253'45,775,825j 95,889,078
20,519,480 18,190,520 38,710,000 18,227,230110,103,770 34,391,000
Germany*
effect this week, is a factor in the situation regarded with
0,082,000 13,824,0001 20,500,000
7,379.000 14,552,000 21,931,000
Aust.-Iiung’y
5,722,000 8,124,OOoj 13,810,000
4,050,000 8,191,000 12,241,000
a little
Netherlands..
apprehension in smie quarters. As concerns the
2,085,000; 1,343,000! 4,028,000
3,990,000
1,332,000
2,084,000
Nat. Belgium*
net, only a very few returns have come in for November^ National Italy 0,983,000 1,118,000 8,101,000 7,440,000 914,000) 8,300,000
ment
another page,
on
....
and these
are
all favorable.
Tot.this week 100,934,359
this week have
been very limited in volume and unimportant in character,
On the
Stock
Exchange the dealings
sma’lestof any
week this year.
Outsiders show no disposition to take
part in the speculation, while the professional traders have
the number of shares sold
being next to the
91,140,798 198,095,157 110,035,17i
Tot.prev.w’k. 107,047,798! 91,200,100|
*
The division
198,313,898
gol«l and silver) given
(between
SO, L
44,59j| 190,180,000
111,884,355 80,205,050 198,089,405
in our table or coin
and
Belgium is made from
obtain; in neither case is it claimed to be
no distinction in their weekly reimrts,
bullion in the Bank of Germany
the best estimate we.are able to
accurate, as those banks make
and the Bank of
but we believe the division
weekly by cable, and while
the column, they are the
doubtless been deterred frem making any large ventures returns issued nearest to that date—that is, the latest reported ligures.
The Assay Office paid $176,880 through the Subby a recollection of the money squeeze laat December, and Treasury during the week for domestic and $190,347
the fact that at the turn of the year the calling in and for
foreign bullion, and the Assistant Treasurer received
shifting of loans not infrequently produces a temporary the following from tiie Custom House.
Consisting of—
stringency. The scaling down of rates in the West and
Silver OtrDuties.
Gold
Southwest, as definitely inaugurated this week, has Dale.
U. S.
Gold.
lijlcales.
Oerliflc's.
Notes.
also had some adverse effect, though the fact that
merely reporting the total gold and silver;
we make is a close approximation.
Note.—We receive the above results
not all of the dato given at tbe head of
*
this
was
either
inactive
unattended
that
or
by any decline in
operators
else
are
for
decline are altogether
extend their interest on
Oi the whole, thoigh dull the
disincline 1
that side of the market.
a
prices indicates
to
Dec. 1*3.
“
17.
“
19.
“
20.
“
21.
“
22.
$249,592 17
181,426 50
3.53,009 21
646,971 14
511,583 70
247,079 95
$1,000
$32,000
$178,000
$35,000
1,500
9,000
20,000
146,000
244,000
9,000
48,000
81,000
2,000
64,000
5,500
43,000
13,000
50,000
46,000
42,000
33,000
510,000
401,000
163,000
Northwestern stocks
$219,000
$23,000 $290,000 $1,642,000
$2,139,664 67
Total..
instead of declining have slightly advanced, the changes,
Included in the above payments were $14,000 in silver
however, being almost all insignificant. Cnicago Burling,
ton & Q uncy was a feature on Tnursdav, rising several coin, chiefly standard dollars.
tone has been
firm, and some of the
THE
838
NATIONAL
CHRONICLE.
BANK NOTES AND SILVER CERTIFICA TES.
best and most scientific paper money system possible will
have been attained. We are therefore by no means
opposed
to, but most earnestly
The
£Vol. XLV*
favor,
a new
bank note system. All we
figures we gave last week with regard to the silver mean to assert here is, that the above facts show a con¬
certificate issues, suggest a side of the currency problem stantly and largely increasing volume of
currency in face
not sufficiently considered as we thiuk, by those who are of the decrease of bank notes, and that a dearth of
currency
discussing or advocating new facilities for floating bank cannot therefore be pleaded in favor of any new law.
notes.
Our divers kinds of currency have to all appear¬
We are aware many will claim that the close
money
ance lived
together peaceably so long, we have grown market of the past few months disproves what we have
almost to believe that there is no conflicting relation, no said and shows that the country has not even now
enough
That is a conception which will never be re¬
antagonism between them. Let us look at the situation circulation.
a moment as it now is, and
note how that situation was moved from the popular mind except with
study, exper¬
reached, for we may find useful hints can be gathered from ience and observation, hut is so obviously erroneous that
recent events.
we
hardly think many of our readers can be misled by
of
all
we
to
fact—for
these
First
want
recall the
in
dis* it. The figures we have given above establish the opposite
cussions it ought always to be kept clearly in view—that conclusion.
The more carefully one examines them and
the volume of circulation in the United Stites has of late the attendant conditions of trade, the more impressed will
years grown to very large proportions.
Those who have he be with their teaching. Note the very large additional
followed what we have written in past [months have some volume added to the circulating medium
during the first
conception of this feature, and yet it requires a further era of prosperity and another during the present cycle, and
comparison to afford a clear measure of the expansion yet added in vain, for the lapse in activity comes at the
which has been in progress.
To present the case briefly? moment of largest quantity of what is called money. In
and yet as lucidly as possible, we have prepared the fol¬ other words, is there not here pretty satisfactory evidence
lowing, which gives the situation as it stood (1) January 1, ^hat pouring currency into the channels of commerce can¬
1879, when we began that marvelous cycle of prosperity not continue glowing eras because it did not continue
ushered in concurrently with specie payments; (2) on July 1> these ? Such
periods always meet an active money market
1884, when our industrial progress had been checked, and in the end. The gradation m public feeling or tone, as it
we were in the
process of liquidation; (3) on July 1, 1885? is called, explains the cause:—first is a condition of abso¬
when the first glimmerings of another business revival lute
distrust, then follows an era of confidence restored,
were to be seen; and
and
(4) on November 1, 1887, a date which
finally universal credulity prevails. In the latter
apparently marks the beginning of a new period of rest stage men will overtrade, credit exchanges will multiply,
and reflection.
various forms of indebtedness increase, until the demand
for loans becomes urgent, pressing upon money lenders
Jan. 1. 1879. July 1,1884. July 1. 1885. Not). 1,1887.
from all sides, and then the pinch comes—not because the
t
$
$
$
Gold coin and bullion
545,500,717
♦278,310,126
588.697,036
605,130,375 currency outstanding is insufficient, but because credu¬
Silver dollars
22,496,550
175,355 829
203,884,881
270,710,157
Silver bullion
9,121,417
4,950,785
4,654,586
11,083,032 lousness in the values which support the credits afloat has
Fractional silver
75.201,528
71,021,162
74.039.820
75,758,186
lessened.
These, we are aware, are tedious elementary
National Bank note-*
330,499.883
823.791,074
318,576,711
272,041,203
3 46,681,006
846,681 006
Legal tenders
348,681,006
340.081,006
truths, yet we see no likelihood of our being able to
Total In United State
1,061,420,935 1,487,249,'828 1,537,433,540 1,078.009,959 refrain from
repeating them so long as a large number of
0/ whi h—
In Treasury
223,704 386
214,934,189
278,488,82^ 311,891,021 public men believe they can keep the loan market easy by
In hands of people
827,710,549 1,272,315,63
1,258,944,718 1,360,118,338 putting out paper money.
Total
above
1,051 420,935 1,487.249,828 1,537,433,540 1.078,009,059
But the conclusion we wish to bring the reader to, is not
*Thegoid for Jun. 1, 1879, we give as estimated at that time. Mr
only that we need no addition to our circulating notes,
Kimball, the present Director of the Mint, has made deductions in this
but that a new bank note device in operation now might
item since, and we see that he now estimates the amount in the
country
July 1, 1879, at only $2-15,741,837. We have not his ligures for Jan
prove very disturbing.
Such a scheme, to be wisely
1 of that year and hence make no change,
although if we were to do s° launched, must come with some
change in our existing
it would leave the comparison more striking and our argument the
stronger, for we do adopt Mr. Kimball’s lower gold ligures for each subse" currency methods.
For instance,- how can the Treasury
quent date in the table.
get rid of the burden of silver dollars except bank note
The most instructive as well as most
conspicuous fact circulation is contracted? We see what a vast volume of
the foregoing brings out is the
comparison existing paper money is now afloat, and we know it cannot be long
between Nov. 1, 1887, and Jan. 1, 1879.
During that period before it will begin to congest at our monetary centres. The
of less than 9 years it is seen that the actual circulation Government is however in addition
coining silver dollars
increased 59^ per cent.
Even at the earlier date there at the rate of over 3 millions a month—the total
could have been no lack of
currency in the country, since, may amount to 40 million dollars the coming year.
The
as
already stated, it sufficed for starting a business era of important fact to be remembered is that only because
most marvelous prosperity.
Then again in July 1885, bank circulation has been retired has it been possible to
although we had added to the 1879 s’.ock 16 per cent, the float silver certificates thus far. In one particular that
currency total was still 3g per cent less than at present, statement may appear to need modification ; a place was
and yet another season of industrial
activity set in which made for the smallest notes by calling in all other small
is just now on the wane.
We refer to these events for notes, but the fives and tens would have been returned
the purpose of showing that new facilities for the issue of
through the custom houses as rapidly as put out, were it
bank notes are not a real need ; that is to
say, with the not that the bank note contraction furnished the need for
existing supply of currency, if commerce languishes, it them. Additional amounts can be kept in the channels of
most certainly cannot be because the
country is short of commerce in no way except by making a place ; that is, by
that kind of tool.
We admit that we should like to have
creating a demand or use which will absorb the issues.
a new bank scheme
perfected and in operation; it will only Hence, while this craze for silver last?, and the public
be when other circa
ating devices are out of the way and mints continue to turn out these dollars, the field cannot
the hank note substituted and made
responsive to business be occupied by bank notes, but must be left free for silver
wants through a thorough
system of redemption, that the certificates.
•
s..
as
on
•
f DECEiiiiER
TEE
24,1897. J
839
CHRONICLE.
world’s wheat supply ought to make. As for Russia, the
in case Congress
year 1880 was the worst that there has been for a long
could be induced to remodel our paper money arrange- time in her wheat harvest. In 1878 she exported over
.ment8 throughout. The importance of so doing no one
100,000,000 bushels; so that if Mr. Wells had compared
.questions. But reducing taxation is doubtless the first 1884 with 1878 instead of with 18S0, he would have
necessity; and there promises to be so much friction attend¬ found decrease of 34 millions instead of an increase of
ing that affair, that lit'le lime, we fear, even if the disposition 31 millions. The exports of Russian wheat for the five
existed, will be found for maturing and enacting a new
years 1880-1884 were almost exactly the same as for the
There is no harder task if underiaken five
currency system.
years 1876-1880; if anything, a trifle less, m spite of
conscientiously. One may judge of that from the almost all the increased facilities for putting the crop on the mar¬
unlimited number of differing plans our leading bankers ket.
are proposing in the matter of bank notes.
Or perhaps Mr. Wells’ statements concerning the United States are
more exact idea of the Babel to be harmonized on that
hardly less open to attack. “ The cereal production of the
point alone, will be obtained by reading the concluding
United States increased from 932,752,000 bushels in
portion of Comptroller Trenholm’s report. He has done a
1862 to 2,992,8S1,000 in 1884; or in the ratio of 452 per
very useful work in bringing together and analyzing one
cent.”
It may be remarked that Mr. Wells’ arithmetic
year’s communications to him suggesting modifications of at this point seems, to say the least, a trifle peculiar; but
the laws in this particular.
We gave his conclusions in let that
pass.
The real objection to this comparison is that
and
full two weeks since,
they will be found instructive read,
the initial year is by no means a fair one.
In 1862 little
ing, even though the reader doe3 not agree with the recom¬
than half of the country was available either for pro.
mendations. In fact, in this latter event, they may be the
duction or for enumeration; men’s best energies were
more inspiiing ; for we have always thought that Doctor
turned to fighting and not to wheat-raising.
No wonder
Taylor’s Scotchman, who went so regularly to the debat¬ that North and South together, in profound peace, and at
ing club simply that he might contradict a bit, was a true the end of twenty years of unparalleled growth, should
We see no
oilier safe course—except
a
a
“
“
“
more
philosopher.
raise
DISTURBANCES SfNCE 1873.
[second ARTICLE ]
As long as Mr. Wells confines himself to generalities
•concerning man’s increased control ove^ the prod active
forces of nature, or to remote causes like the Suez Canal,
TEE ECONOMIC
But when he
attempts to explain why particular commodities have fallen
and are falling in price, he touches matters which are more
important and more easy to decide. We believe that
many of his co »clusions are wrong simply because many
it is
hardly necessary to answer
him.
of his facts are wrong.
those relating to wheat. Of all the
articles in his list this is probably the one whose fall in
Take for instance
three times as
much grain
as
was
grown
in
by the States then available for enumeration, in the
midst of an exhausting war.
The only wonder is, that
Mr. Wells should make the use he does of a comparison
so distinctly unfair in its basis.
But he has another set of facts with regard to the
United States, which impress him so much that he repeats
them twice over.
“ The average wheat production of the
“United States for the five years from 188L to 1885?
1862
“
“
inclusive,
years
was
436,000,000 bushels; while
preceding—some of which
for the ten
supplied the heaviest de-
exportation ever experienced—the average
only 366,000,000 bushels.” Very true; but what
does it prove?
One of these periods was, on an average ?
seven and a half years later ihan the other.
The increase
of population in the United States in such a period is more
than 20 per cent.
To have kept pace with such increase,
the wheat product for ihe second period should have been
at least 450 millions instead of 436.
Mr. Wells’ theory
about food supply increasing faster than population falls
to the ground, in this instance at any rate.
This will be
mands for
“
was
do with the distinctive features of
present crisis. Wheat in England has fallen to les3
than two-thirds of its former figures.
In the United
States the decline has been hardly less marked.
There
has been some decrease in cost of production, but nothing
corresponding to this. How does Mr. Wells explain it?
•“An all-sufficient explanation,” he says, “would seem to
be found in the circumstance that all investigation shows still clearer in tabular form.
1881-85.
iS7i-se.
436,000,000
that the comparatively recent increase in the world’s supbualL 306,000,000
Average annual product
Average
of
annual
export
wheat,
and
ply of food has been greatly in excess of the concurrent
144,000,000
flour reduced to wheat
bush. 98,000,000
292,000,000
increase of the world’s population.”
This is a sweeping Balance
for home consumption
bush. 268,000,000
53,000,000
•statement, and one which we cannot accept. We do not Mean population for the period, estimated. 44,000,000
Wheat consumed at home per head of
5*5
know of any such investigation which has shown anything
population.
bush.
0*1
of the kind.
Mr. Wells certainly has not proved it. The
No system of deduction for seed, &c., will alter the
evidence which he adduces breaks down completely.
For the United States,
Parts of it are palpably untrue or unfair; while those general character of these ratios.
at any rate, Mr. Wells’ “great increase of food supply, as
which will stand the test of examination do not prove his
“compared with population,” turns out to be a decrease of
■proposition, but rather the reverse.
nearly ten per cent.
“Acco-ding to Mr. Neumann Spdlart,” he says, “the
It is impossible to make similar tables for Europe with
“production of cereals in Europe doubled from 1869 to
any approach at completeness, the statistics of production
“1879, and in the case of Russia her • exports of wheat
of exports and of imports being much more complicated.
increased from 36,565,000 bushels in 1880 to 67,717,000
“in 1884.”
Neumann-Spallart is probably the best Enough, however, is known to disprove rash statements
concerning the relation of wheat supply to population.
-authority on the world’s grain production anywhere to be
The two most careful and most frequently quoted esti¬
found; much too good an authority to make the statement
mates of the population of Europe in modern times are
here attributed to him.
He never said anything of the
those of Behm and Wagner, in 1874, and Levasseur in
kind.
The fact that Mr. Wells (who is here blindly fol¬
1886.
The former gives 300 millions of inhabitants
lowing Prof. Laughlin) allows himself to be led into such for
Europe, and the latter 345 millions. But LevasseuFs
a statement shows =hat he is quite unfamiliar with the con¬
estimates are habitually rather high; and it is probable
ditions of wheat production in Europe.
It is not merely that an increase of one per cent annually would just
misquotation; it is one which no man whp writes on the
price has had most to
the
•“
“
“
<l
about
CHRONICLE.
THE
810
the
actual
growth.
It certainly cannot be
which
[Yol. XLV,
have
quoted (and which are quoted by Mr!
per cent.
himself) mean anything at all, they show that the
in
the
face
of
Now,
this growth, let us look at the proportion between wheat supply and population in civilharvest estimates of Neumann-Spallart for Europe, which ized countries has remained
substantially unchanged
furnish altogether the best data available.
To avoid the while the price of wheat has fallen one-third. The appa¬
error due to individual seasons, good
or bad, we take rent excess of supply in trading centres is to be regarded
We give the figures in as a congestion of the market rather than a surplus avail,
average results for decades.
cover
less than three-fourths of
hectolitres of
a
-Wells
one
able for the
little less than three bushels each.
AVERAGE ANNUAL EUROPEAN
Hectolitres (1 hectolitre eijuals
2+ bushels.)
Change
Oats
Corn..
Other
1875-8-1.
451,000,000
448,700,000
227,500,000
541,800,000
Rye
Barley
grain
/nr
cent.
120,800,000
410,800.000
413,800,000
230,900,000
524,200,000
134,500,000
—3
—8
+1
—3
+11
102,900,000
88,800,000
—14
1,895,700,000
1,833,000,000
—3*3
IMPROVEMENT
EXPENDITURES
NEW
YORK
ON
THE
CENTRAL.
The report
of the New York Central for the late fiscal
year, issued this week, is an unusually complete document.
It does not contain any remarks, but that has
always been
a
Total
consumer.
HARVEST.
1870-80.
Wheat
we
characteristic of the Central.
The details of operatioEs>
however, are stated with great clearness and at much
Europe itself;'
that results can be easily seen and quickly
at least as far as wheat is concerned.
Reducing the length, so
figures to bushels, and bringing our comparison down to interpreted. Indeed, the report from beginning to end is
a mass of
carefully arranged statistics, and the compara¬
date, we find the wheat crop of Europe to have teen as
tive tables given, extending over a long series of
follows.
years,
Bushels.
convey at a glance the progress and changes which have
1870-1880 (Neumann)
1,287,000,000 occurred in the Central
property since its consolidation in
1875-1884 (Neumann)
1,249,000,000
1869.
In
addition
to
the
regular matter, we notice that
1883 (Neumann)
1,207,000,000
1884 (Neumann)
1,377,000,000 the management has this time incorporated a complete
1885 (U. 8. Agricultural Department estimate)
1,204,000,000 set
of the quarterly statements for the year.
1880 (U. 8. Agricultural Department estimate)
1,173,000,000
This deficit has Lot yet
been made up in
e
1887 (Vienna
Congress estimate.)
1,259,000,000
Average 1883-1887
1,250,000,000
The last five years
thus show an absolute deficit of 30,000,000 as compared with the wheat harvests of a decade
earlier.
But if we make allowance for the growth of
population during that period, which cannot be considered
at less than three-fourths of one per cent
annually, we find
an
additional allowance of
at
least
100.000,000 bushels
The
net
results
of
operations for the twelve months
by us in our issue of October 8, when the
preliminary figures were published, and the final statement
now submitted
does not change the results very materi¬
ally. In brief, the road after paying four per cent divi¬
dends and
all charges and rentals, had left a surplus
of $1,570,376 on the accounts for the year.
This would
have paid an additional dividend of If per cent. In other
words, the company earned in exact figures 5-76 per cent
on its stock, and this too after
charging large amounts of
were
reviewed
needed, in order to give the same relative supply. The
real deficit, as compared with the needs of the people, is
130,000,000. How is this made up? 60,000,000 bushels betterments to expense account.
of it from the United States, whose exports of wheat and
It is with reference to this latter point, namely the
wheat-fiour have risen from 75,000,000 in 1875 to 135,. extent of
extraordinary expenses included in the year’s
000,000 in 1885 ; about 40,000,000 from India, whose accounts, that the present report will be most closely scru¬
present wheat export is almost entirely the creation of the tinized. As compared with the previous year gross earnlast few years; perhaps 10,000,000 from Australia and
ings have increased $4,790,695, and net only#$l, 012,448—
New Zealand; not quite 5,000,000 bushels from the Argen¬ that is, there was
an augmentation in expenses in the
tine Republic; while in other exporting countries—Can¬ sum of over
3f million dollars.
Of course, the fact that
ada, Egypt, Algiers, Chili, &c.,—the gains and losses nearly the operations of the West Shore are included for the full
balance.
Even on this minimum estimate of increase of twelve months in
1886-7, and in 1885-6 were included for
population the per capita wheat supply of Europe would only nine months, tends to swell the totals, but that affects
seem to have diminished in the course of the last ten
years. both gross and net results and does not at all account for
These figures are probably by no means free from error. the
large proportionate increase in expenses. So, too,
We are inclined to think that Neumann's earlier figure with regard to an enhanced cost of
operating; even admit¬
was a little too high and that there has been no
very great ting that labor and some other items are dearer now, the
diminution in the absolute wheat product of Europe.
But increase reported is altogether too large to be explained
they are trustworthy enough to show that there has been ia that way. Hence the conclusion is inevitable that the
no marked
change in the proportion between wheat supply expense account in the late year included some extra¬
and population—certainly none which will account for the
ordinary charges, such as heavy outlays for improvements
actual fall in prices.
and
The picture drawn by Mr. Wells of
betterments, and this view the pamphlet before us
a market, already
overstocked, which India and South confirms.
America are flooding with an
The report does not tell the precise amount of additions
increasing surplus, is a fan¬
ciful one.
What are the four or five million bushels of to
expenses in this way, but a statement is given of the work
the Argentine Republic in a market whose annual variations of “ reconstruction and
repairs completed or in progress,
of supply amount to hundreds of millions?
The increase and included in operations,” which covers three and a half
in Indian wheat exports during the last five
years instead pages, and by its size alone affords an idea of the nature
of being, as Mr. Wells implies, 11 continuous and of
great and comprehensive character of the improvements that are
magnitude,has been trifling in amount and by no means being carried on out of earnings.
The enumeration o
continuous from year to year.
items includes new passenger and freight stations, build
That the wheat market is in one sense
overstocked, we ings, engine houses, docks, piers, bridges, grading and
The fall in price shows it.
admit.
But that this is due filling, tracks and sidings, and motive power and equip
to any overproduction as compared with the needs of ment.
As regards the latter, we find that thirty-three
consumers, we are disposed to deny.
If the statistics new locomotives were added, 30 to replace old ones sold or
“
THE
24, 1887.]
DECEMBER
also equipped with antifire heaters.
Of passenger and baggage cars, 46 were
bought, only seven of which went to replace old ones ; 35
with the anti-fire heater.
cars also were equipped
Tnen
1,643 freight cars having a capacity of
25
tons
each wore purchased, 986 going to
increase the road’s equipment, and the other 657 replacing
Five miles
cars having a capacity of only 6 to 15 tons.
of new second track were added (between Tonawanda and
La Salle), over 22 miles of sidings were laid, new tracks
were put in the Lyons yard, while 19 miles of double
track were laid with 80 pound rails in place of 65 pound
rails. Altogether 8,962 tons of rails were used In repairs;
referring to the previous year’s report, we find that only
5,053 tons were then given as having been used in “ con
struction and repairs.” And all this was charged to
operating expenses, together with the cost of new buildings, stations, bridges, sheds, &c., &c. In fact, the only
charge to capital account for the year is $417,290 spent
in the purchase of land, a new elevator, and some floating
destroyed
;
11 locomotives were
equipme
We have stated that
the report does not
811
CHRONICLE.
perhaps it will be contended that with the operation
of a larger amount of track the cost of maintenance
naturally would expand, though this, point is deprived of
much of its force because of the fact that in 1885-6 the
West Shore was operated only three months less than in
1886-7.
However, to meet all inquiries of this kind, we
Or
give the total
prepared the following statement showing the ex¬
penditures under the different heads for the last nine
have
years.
NEW YORK CENTRAL
Mainta'nj
.
Yea r.
8
1883-81
2,845,740
3.134,486
3,434,685
4,079,585
4,052,936
4,087,898
1884-So...
3,749,305
1878-79.
1879-80
1880-31
.
..
1882-83
188.')-86
1886-87
Total Hoad Operating
Repairs
and
Equip¬
Hoad.
ment, A:tv Equipm't.
lload and of
Heal Est'te
1831 82
EXPENSES.
'..
Total
Average
To understand
that the four years
4,059,101
4,891,219
*
2,763,717
3,611,825
4,273,024
3,666,764
4,219,914
2,880,130
2,589,493
2,901,162
3,983,714,
*
*
10,513,616
11,103,583
7,708,309 11,756,478
7,746,349 11,649,625
8,872,850 11,877,744
6,968,028 10,881.285
0,835,798 9.934,574
6,960,263 11.050,113
8,874,933 13,513,69<>
5,609,457
6,746,311
Grand
Total.
*
16,123,073
17,849,894
19,464,787
19,395,974
29,750,594
17,849,313
16,319,372
18,610,376
22,388,623
34,931,955 30,890,343 65,822 298; 102,929,708 168,752,006
3,432,2601 7,313,589 11,430,634 18,750,223
3,881,328
be remembered
ending with 1883 were very prosperous
these figures it must
expenditures represented by these various items, but years for the Central, and that in the most of these the com¬
pany pursued the same liberal policy with reference to re¬
some idea of their co3t and magnitude can be had from
an analysis of the details
embraced in the usual exhibit newal and reconstruction expenditures as in the late year.
of expenses.
We find that of the • §3,778,247 In 1878-9 for instance maintenance expenses for both road
total increase
in
expenses,
$1,863,577, or about and equipment wtere only $5,609,457. In the next year
one-half, occurs under tin head of expanses for there was an increase to $6,746,311, followed in 1880-1
operating the road. It is in this item that the addi- by a further increase of a million dollars to $7,708 309,
Tais latter
tioii to the expense account arising from the enlarge, while in 1882-3 the total-rose to $8,872,850.
Yet the
ment of the volume of traffic and the enhanced cost of was the very best year the company ever had.
amount spent in the late year was fully as large—a few
wages, fuel, &c., would show, and we may therefore con¬
sider the increase under that head as being the result of thousand dollars heavier in fact. In 1884-5, which was a
those causes.
The rest of the increase in expenses, very bad year, the total dropped to $6,335,798, and as
however, must be attributed to other circumstances, being compared with that year the present aggregate shows an
Even the average for the
in large degree the outgrowth simply of a very liberal increase of over 2J millions.
nine years including the late year, is $1,561,344 below
policy in making renewals, improvements and better¬
of
$8,874,933 total for 1886-7. Of course the cost of
Tne expense for maintaining road, for instance, was operating has also greatly expanded, but that, as already
$832,118 greater than in the previous year, and the stated, is susceptible of explanation on other grounds.
If the million and a half dollars above the average spent
expenditures for repairs of equipment and machinery
on renewals
and betterments had not been devoted to
were over a million dollars greater—in exact figures,
the
ments.
mentioned, the surplus balance on the twelve
months’ operations would have been j ust that much larger,
and the amount earned on the stock instead of 5f per
But that is hardly to
cent would have been 7£ percent.
the point; our object was simply to demonstrate that in
that there is an increase in every item the late year. the late year a very considerable sum had been spent for
additions ani improvements and charged to expanses.
Repairs of freight cars alone account for $739,184, and
the large addition to the number of these cars, noted above,
THE WAR CLOUD IN EUROPE.
the more noteworthy
that there had been an increase under both heads the
year before, though this may have followed from the
operation of the West Shore, which previously had not
been included.
Going one step further, it is discovered
$1,082,552.
The additions here are
the purposes
gives the reason for this increase. Repairs of road-bed
Recently a state of uneasiness has again prevailed
account for an increase of nearly $300,000 more, and the
cost of rails used in repairs and cost of
repairs of throughout E irope. Uneasiness existed while the Czw
buddings nearly $200,000 each.
And so we might was yet in Denmark ; and there can be no doubt that
the
through the entire list.
In fact, with the excep¬ discovery of the formation of the triple alliance was a
cause of irritation to himself and his trusted counsellors /
tion of the addition of $142,768 to the taxes on real
if not to the Russian people generally.
Explanations
estate (these taxes being
reported under the head of were
made, and after the Czir’s return to his own capital,
maintenance of road and real estate), almost the whole
the outlook somewhat brightened.
All of a sudden, how¬
of the $1,914,670 augmentation in expenses for mainten
ever, the anxiety returned, and Russia was moving her
ance of road and equipment may be taken, it would seem
to us, aB representing outlays of an unusual or extraordi¬ battalions westward, through Poland, and establishing her¬
self in strength along the entire frontiers of Germany and
nary character.
The $739,184 increase for “ repairs of
Austria.
For some days the excitement at Vienna, at
freight cars” is clearly of that nature, and it is certainly
Berlin and throughout the Balkan regions amounted to a
no
exaggeration to say that about II million dollars of
War preparations were initiated ; credits were
the addition to expenditures in the late year was caused panic.
called for ; and explanations were demanded from Russia
by such items.
Explanations have again
But it may be claimed that the maintenance expendi¬ both by Germany and Austria.
tures in the previous year were comparatively small, been made, but the threatening aspect of affairs has not
go
bence that the increase possesses
little real significance. altogether disappeared.
812
TBE CHRONICLE.
[Vot. XLV.
And yet, all the facts
being
to take a
hopeful view of the
considered, we are inclined feosiole—forbidding any of the allied powers to make
general situation. Oi Mon¬ peace without the consent of the other t vo. Tue
Triple.
day last Lord Salisbury, speaking at Derby, proudly stated Alliance, powerful as it i3 in itself, is
gr-jaily strengthened
that so far as was knowa in
diplomatic circles there was by the approval of England; and it is already well under¬
no ground
whatever for the war terror that had seizjd the stood that if Russia should
rashly a \1 without, just cause
bourses, exchanges and newspapers of E iropa.
Lord break the peace the navy of Eaglan 1 would ome to tue
Salisbury is not one of those men who use language wil aid of the allies. It is impossibl: to overestimate the
fully for the purpose of concealing thought or for the pur¬ value of such assistance. la the event of war
breaking
pose of producing impressions not justified by fact.
On out it would be natural for Rissia to make for the coasts
the contrary ha means what he
says; and his words are of Italy—a movement which would paralyze Italy so far
always to be taken as an honest expression of opinion or as the alliance is concerned, because it w ould
compel her
of fact.
When, therefore, he says that so far as diplo¬ to keep her troop3 at home.
But with the Brit¬
macy is concerned there is no known reason for the war ish fleet added to. that of
Italy and to that of
scare, we must take him at his word.
Of a similarly reas¬ Austria, Russia would not be able to show her face in
the
suring character was the announcement made by cable on Mediterranean. Of this both France and Russia are well
Monday that, with the exception of the Thirteenth Divi¬ aware ; and the French papers
particularly have baen
sion, no troops had recently moved westward from the much exercised
by the more than probable adhesion of
Moscow district; and we are not
permitted to question the Great Britain to the cause of the allies in the event of
accuracy and authority of the announcement of a later war.
It is not wonderful that in the presence of such an
date, made through the Paris Temps, that the Russian array of force Russia hesitates to act. It is not
denied
Government had informed
the
allied
Powers that the
that
if
France
and
Russia
unite
1, Germany and
with the aid of Italy, might have
tions, as well as the announcements, are for the most part their energies sorely tried. But we have to do with
the
of an
facts of the moment ; and these
encouraging and hope inspiring character.
justify us in regarding
It is well that matters have taken this favorable
the Triple Alliance, with the moral and
turn.
probable material
It is unfortunate, however, that the nations
of E irope support of Great Britain, as a sufficient and
satisfactory
should be standing, so to
speak, perpetually on the very guarantee for continued peace.
verge of a volcano which is liable at any moment to
It is gratifying to find the
good sense of Europe taking
vomit forth destruction and
death, on a scale of almost this sensible and practical shape. It will be still more
unparalleled magnitude. It is not without reason that gratifying when combinations in the interests of
peace
movement of
troops in Poland had ceased.
terror takes hold
The indica¬
the multitude and affects the markets.
It is well known that but for certain
on
which, happily, for the
the enmities and
moment
are
tendencies,—the Europeaa
It is plain as noon
day to
Bulgarian independence
no
shall result in the
general reduction of those
ments which are now and have
long been the
vast
arma¬
curse
of the
are
thoughtful obser
she would make
were
;
certain of
existence of these sentiments which causes such
ance to be attached to
every rumor which
import
points to
alliance
between*
offensive
and
Russia
defensive
and
between
France;
these
an
an
alliance
Powers
HOW AND WI1Y THE CANAL HAS INCREASED
ITS GRAIN TRAFFIC.
short-
and it is equally evi
victory, there would
delay in attacking Germany. It is the known
dent that if France
be
every
that if Russia had her
way
work of
even
the aggressive
peace would not la9t for aD
hour.
ver
Austro-Hungary,
restraining influences,
all-powerful—such are European communities.
antagonisms, and such
were
In the
prominence of the canal, the grain movement
still presents the same characteristics as
noted a month ago.
The statement for November,
showing the sources of the deliveries in that month, has
now been
compiled, and it is really noteworthy to observe
New York
at
how the canal
keeps increasing both the
amount and the
would
proportion of its contributions to the total movement.
of Europe.
Tnere is no
Tue receipts in November were
quite heavy—1,532,548
reason to believe that
any definite or decided steps have bushels
greater than in November, 1886, and 2,838,518
been taken towards such an alliance
; but there is no
bushels greater than in 1885.
But of this increase of
denying the fact that prior to the late change in France 1,532,548 bushels as
compared with last year, the railroads
there was much suggestive
coquetting betwtea the two have ody 249,651 bushels, and of the 2,838,518 bushels
governments.
For the present the coquetting ha3 ceased. increase over 1885
they have only 141,867 bushels. In
and, considering the character of the new French Piesi all three of these
years the railroads were at peace. Rates
dent, and the influence which M. Jules Ferry had both in have varied of
course, but the advantage on that score
the election of the President and in the
composition of his we should judge was in favor of the present year. For
cabinet, there is but small chance that the courtship will
instance, it was only'on shipments for domestic consump¬
have any serious practical result.
tion that the roads received full 25 cents
per 100 lbs.
We have referred to certain
restraining influences, Cnicago to New York this year ; last year that was the
which for the present are
powerful in the interest of rate on both export and domestic
shipments. In 1885 the
be
a
menace
to
the
peace
What are these influences? Oae of them we rate was likewise the same on
both classes of shipments,
just mentioned—the improbability in present cir¬
though it was not till the 23d of the month that the
peace.
have
cumstances
of
a
Franco-Russian alliance.
France
quite enough to do at home; the revanche party are
now in the
ascendant; and Russia without France to
has
tariff
not
20 cents.
act
can
the western flank of the
enemy will not venture to go
to war with Austria and
Germany and Italy combined.
The great
on
placed at 25 cents, having previously been only
Tne canal’s
increasing importance, therefore,
hardly be claimed to be due to the exaction of higher
rites
the
was
on
small
the
part
increase
of the
that
railroads.
has occurred
Moreover,
even
in the railroad
restraining influence, however, is the triple shipments is entirely
in the various or miscellaneous
alliance.
This alliance, which includes
Germany, Austria roads (comprising chiefly the operations of the Lehigh
and Italy, is of the most
thorough kind. It is defensive Valley outside the trunk-line
association); these roads
and
precautionary in its primary purpose; but directly brought in 829,167 bushels this
year, against 504,927
war is declared it becomes
offensive and remains inde- bushels in
November, 1886, and only 155,2 33 bushels
December
843
THE CHRONICLE.
21,1887. J
larger ttan last, but the deliveries by
the railroads were less, so that that the canal gained
in
more than
the total increase; out of 3,253,986 bushels
last year, and 7,147,895 bushels two years ago—that is>
received altogether, it furnished 2,530,200 bushels.
So,
lees with each succeeding year, in face of the fact, as
too, as regards barley; 1,099,100 bushels came by
shown, that the total by all routes, rail and water, con¬
canal out of 1,458,420 bushels, and the increase on it
siderably increased. The following giv93 the details of
is heavier
than the total increase.
In fact, if it
the deliveries for a series of years past.
were not
for the gains in flour and oats, the former
RECEIPTS OF GRAIN AT NEW YORK BY ROUTES DURING NOVEMBER.
of which
hardly ever goes by water, the railroads
1882.
1883.
1884.
18S5.
1880,
1887.
would make a much less favorable showing even than
November.'
2,759,393 3,215,315 2,493,199 4,170,272
1,933,399
a,032,000
N, Y. Cent...bush.
they do.
27-85
2247
21-42
21-G8
13-78
13-05
Per centExcluding them, the live trunk lines brought
6,615,878 bushels this year, against 6,690,467 bushels
in 1885.
hush.
Erie
1,454,000
934
Per cent.
Pennsylv’a. .bush.
753,237
4'84
Per cent.
Del. L. &
VV..bush.
507,135
3-20
Per cent.
West Shore. .bush.
1,868,8 40
1201
Per cent.
Various RRs.bush.
829,107
5-33
Per cent.
Total RR. .bush.
7,445.045
bush.
1,222,752
155,283
501,927
1,278,254
8-19
1-22
3-00
7,303,178
7,939,882
57"38
224,331
387,180
18i,024
7,8'^0,OOO
50-73
20-^5
1,501,083
10-02
8-42
209,187
1-88
3-S5
9-91
51-27
1-44
3,106,390
189,077
1,391,891
7,195,391
934,930
3-98
2-23
5-31
915,939
£98,512
283,659
715,100
2090
610
9-00
503
13-22
271,938
Per cent.
Total all
790,200
1.9S3.802 2,320,282
18-80
47-83
Per cent.
Canal
2,393,011
13-01
52-91
Per cent.
River Acoastw.bu.
1,820,811
1-21
304
1-91
6,585,502
5,030,500
0,884.303
39-58
46-79
45-88
60,424
145,545
0-44
1-31
6,100,143
6,S44.?69
54-98
59-00
2S 4,058
186.010
1-25
2 50
4,715,415
5,941.584
42-46
39-09
..-bush. 15,565,382'14.032,831 12.720,801.15.006,212 11,105,610 14,972.993
Note.—In the above table (lour has
been reduced to grain on the
basis
barrel, and no distinction made in the weights
the ditfereiit kinds of bushels, all being added together on the same
of 4*2 bushels to a
of
basis.
of the five trunk lineg
that has increased its ratio this year.
It brought in
12-01 per cent of the movement, against 9-94 per cent
last year, and 3 85 per cent in 1SS5.
About half of its
1,868,846 bushels deliveries, however, was oats, namely
910,000 bushels, and this cereal, too, accounts for more
than the whole of the increase over the previous year.
The We3t Shore is the
only
one
total this year was
As
a
similar state of
things was observed in
previous
that have produced it
transient. We have already
seen that their origin is not to be found in differences of
railroad rates, such changes as have occurred being
months, it is evident that the causes
are more
than temporary or
otherwise. We
activity of railroad business all over the country,
rather in favor of the
think the
present year than
will in the main account for
the change.
For months
general from the trunk line3 that there
offering than they could take care of with
their existing facilities.
From every side even now a
scarcity of cars is reported. As a result, much of the
facilities that would ordinarily be available for the ship¬
ment of produce has been diverted to other purposes.
It
is to be remembered that grain is low-class freight, and
returns but little profit to the railroads.
If they can keep
their rolling stqck occupied in business yielding, say, 60
@75 cents per 100 lbs. it is to their interest to give such
traffic preference.
This is probably the situation as it
presented itself to the managers, and as a result they let
much of the grain go to the lake and canal route.
At first sight this view would seem in conflict with the
reports have been
was more
traffic
grain have been more or less
If the roads made no
last year are very slight—there being a trifling reduction demoralized all through the year.
in the ratio, though a slight increase in quantity; but it effort to get this business, why did rates decline, it will be
should be observed that the Central suffered a very heavy asked. But it should be remembered that the cut has
extended only to export business, and there it is easily
falling off last year, its deliveries then having been cut down
to 1,933,399 from 2,759,393 bushels, so that the compar. explicable on the theory that the road3 were simply pro¬
ison is with small totals.
Tne Erie and the Pennsylvania tecting their customers. Export shipments of course are
however, have experienced continuous declines.
Tne governed by the price in Liverpool; besides, each road has
former in 1S85 contributed 2,393,014 bushels to the its regular patrons, and these, under fair treatment, are
Hence if one of the
total movement, but in 1886 contributed only 1,826,811 usually retained year after year.
lines reduces rates, so as to enable its customers to make
bushels, and now for 1887 is down to 1,454,600 bushels.
In these two years its ratio for that month has been cut export shipments, the other roads protect their customer
down just about one-half, or from 18-80 per cent to 9-34 in the same way, and thus it happens sometimes that in a
per cent.
On the Pennsylvania the ratio has been period of active business like the present railroad rates on
reduced from 9 60 per cent to 4-84 per cent, that road special classes of traffic will undergo reductions even
when the general tendency is in the opposite direction.
having furnished only 753,237 bushels this year, against
This analysis of the situation puts a different phase
1,222,752 bushels in 1885. The Lackawanna does not
show a continuous decrease, but it has lost a good part of upon the figures in the above table showing a reduced grain
It indicates that
movement on several of the railroads.
the previous year’s gain.
the roads have suffered some of their low-priced freight
The canal percentage is not quite so heavy as in the
to go to other routes in order to carry more of the highprevious month, but the quantity brought in was much
classed freight.
Bearing this in mind, the following
greater, and as compared with the corresponding month
last year the gain is very decided.
Thus while the deliv- statement, in our usual form, of the revenue derived
lines from this grain traffic
eries by that route were 7,896,000 bushels this year, in 1886 by the Eastern trunk
will not be misunderstood.
In figuring the results for
they were 6,565,502 bushels, and in 1885 only 5,036,500
the present year we
have found it impossible to
bushels. The ratio is 50-73 per cent, against 46-79 per cent
On the New York Central the
changes as compared
with
In fact, both in ratio
greatly on all other
years.
The predominance of that route is also
the figures for the different cereals.
Take wheat
last year, and 39 58 percent in 1S85.
and amount the canal has improved
well-known fact that rates on
get an average of the
during November, since
realized by the roads
there is no means of telling
rate
received as its proportion of the
total through rate on shipments to foreign countries,
seen in
nor can we know what proportion of the total arrivals has
and corn for instance.
The deliveries of the former at
been for export and what for domestic use.
We have
this port in November this year were over 800,000 bush¬
taken
the
same average as in the previous
therefore
els less than last year, but the amount coming by cana]
fell off only about 100,000 bushels, the canal con¬ month, namely 22 cents per 100 lbs., which would com¬
tributing 3,817,100 'out of total receipts of wheat by all pare with 25 cents in November, 1886, and 22 cents in
recent
routes of
4,318,670 bushels.
Iu the case of corn the
what
1885.
each
company
THE CHR0N1CLF
844
IVOL.
iLV.
future.
APPROXIMATE GROSS REVENUE FROM THROUGH GRAIN TONNAGE.
The moment was very opportunely
chosen, as there
perceptible increase in the quantities going into con
sumption, while stocks were light. Therefore actual buyer
and those who had uncovered accounts open for the fall
were
entirely at the mercy of holders, and have had to pay
was a
Jan. 1 to Nov. 30.
November.
1887.
1880.
New York Central
Erie
Pennsylvania
1885.
1887.
1880.
1885.
$
1
%
$
139,000 1,182,000 1,474,000 1,244,000
120,000 1,022,000 1,131,000 858,000
01,000
448.000 545,000
544,000
‘14,000
253,000 558,000 200,000
25,000
525,000 457,000 340,000
$
%
94,000
67,000
35,000
23,000
80,000
111,000
104,000
45,000
43,000
80,000
accordingly.
An easy money
market has prevailed throughout the week,
Certainly no signs of tight money with the approaching close
of the year have 1 een observed.
The difficulty in finding
Total
305,000 383,000 359,001 3,430,000 4,105,000 3,192,00C
employment for balances has rather increased. Loans barely
There is here a falling off as compared with the same make 2 per cent, and the discount charge for three months’
month last year, in the case of every road except tte bills is weak at 2% to 3 per cent. The German inquiry for gold
has ceased, but some purchases are being made on Indian
West Shore, and the same for the eleven months. But as
account.
In the Bank of England return the more import¬
already said, this does not convey a correct idea of the ant change has been the increase of£1,001,403 in Government
course of traffic and earnings
from general business. securities, from which it may be inferred that the banks have
Still, it is useful as showing the result on a special class been taking back some of their stock from the open market.
of traffic usually of considerable importance to the roads. The reserve has gained £69,977, but the proportion to liabili
ties which, last week, stood at 48*04 per cent, lias receded to
We now give the receipts by routes for the eleven months
46*93 per cent. The item of bullion exhibits a gain of
£70,837,
of the year to the end of November, from which it will
the whole of which must have been recovered from in'ernal
be seen that while some of the roads make a better com¬
circulation, as there have been no foreign gold movements
parison for this period than for November, yet all, with during the week. In the aggregate deposits held an increase
the single exception of the West Shore, carried less grain of £752,483 is shown. “ Other securities” have been reduced
than in 1886, though the loss on the Erie is insignificant. £293,298, showing some repayment of loans. The amount of
the reserve is now £12,776,204, or £1,117,000 more than last
The canal has brought in more grain than in
any other
year. The stock of bullion stands at £20,423,439—an increase
Del. Lack. & West
West Shore
..
of the years
RECEIPTS OF
Jan. 1 to
given.
GRAIN AT NEW YORK, BY ROUTES, JAN.
1887.
:
Nov. 30.
I
Bushels.
N. Y. Cent.
22,941,000
.
7*42
Per ct
4-07
10,130,317
Var’us RRs..
0,508,391
7,811,011;
Total RRs.
443
72,484,054
Per ct
1-66
Total all..
38-29
j
119 330,840
London
25*79
24-98
,
17-22
21,459,845
22-75
j
4*50
Three
32-79
20,719,482
20-61
Nov.
4
13,239,443; 13,015,515
■
1042
4,208,071
3'03
|
13'40
Four
Dec.
Six
JThree
I
5'so
02-00
;
2,160,011
37,502,157
25-15
?5"o7
2-90
1
004,877:
0'5*5
!
07,27<>,7c8; 73,231,733
|
29,433,387j
35-83
2-03
121,843,773! 117,033,808 TOO,038,98*5
!
j
1
504,597
0-54
-
3^®
-
3
&
—
3
@
-
3
&
-
3
@
—
3m
-
34m
3M<§>4
3J4@4
3 14«4
34@4
3M®4
sm 3k
of.
07*34
3,391,707
2,283,053
2-89
40,839,008
3%@4
24 2H 2H
2,4 .‘2H 2-H
24
214
24
24
2)4
214
3%@*
3t4@4
34® 4
3tf<24
Days.
2M2H-2H
24 2-H 2H
2H2H-2H
24 2H-2H
34-77
2-19
30-47
Circulation,
excluding 7-day and
other bills
117,4*53,048 104,120,410
correspondent.]
London. December 10, 1887.
confidence in the future can be said to
1887.
1880.
£
£
23,847.255
4,488.825
Other deposits
22,552,497
Government securities
13
Other securities
Coin and bullion
18,048,337
12,770,204
20,423,459
Reserve to liabilities
40 93> p. c.
Bank rate
410.712
1885.
1884.
£
24,191,075 24,155,5C5'
3,220,419
2.830,147
22,589,9" S 23,240,814
12,085,151 12,558,049
18,895.801 19,178,032
11,059,058 12,213,104
20,100,730 20,048,009
40
45h> p. c.
p. C.
4 D. c.
4 p. c.
Consols
.24,444,000
G,?04,244
22,874.394
13,162,019
21,779,315
12,117,038
20 ;Sl 1,098
41'( p. C.
3 p. C.
5 p. C.
99 5-10xd.
100%xd.
110,885,000 101,830,00*1 91,027,000
99%
92,450,000
101 13-10xd
Clearing-House return
place during the week, although some uneasiness
caused by the repotted movements of
troops on the
The Bank rate of discount and open market rates at the
now and for the
previous three weeks
have been as follows:
Russian frontier. As a set-off to these rumors, Ave have had
the pacific termination of the French Presidential crisis and
President Cleveland's message to Congress, which has been
chief Continental cities
unquestionably well received here, as its provisions, if carried
out, must ultimately have a beneficial effect on our trade.
Our commercial prospect generally may be considered
bright*
The reported troubles in Canada may
cause some losses
here, but just now there is a singular absence of rumors
reflecting adversely on the stability of any of our leading
firms, and from this we may assume that trade is
certainly
Dec. 9.
Dec. 2.
Nov. 25.
Nor
Rates of
Interest at
Bank
Hate.
sound.
We
have, however, yet to ascertain what will be the effect
of the present speculation in produce and
raw materials
Hitherto cotton and wool may be said to have escaped the
excitement, but the speculation in metals remains very
strong, and notwithstanding occasional reactions, quotations
on balance continue to
gain. Copper and tin have up to the
present been the main centres of attraction, but iron is now
hardening, although the recent statement of the Cleveland
Ironmasters’ Association is not so favorable as was
expected.
The task of forcing up the prices of
copper and tin has been
comparatively easy. Unlike wheat, they have limited mar¬
kets, and a few capitalists working quietly had no difficulty
in acquiring, not only the bulk of the
present stocks of the
metals, but also the command of arrivals due in the near 1
7 <ol4
Ba nks. Call.
The following return shows the position of the Bank of
31,728,519
have taken
lias been
At
Stock
3m
Reserve of notes and coin
No abatement
Disc't H'se.
England, the Bank rate of discount, the price of consols, &c.,
compared with last three years :
70,114,244
02*34
UXcr notary! <0o tumor c tat gn gUsIt JXctus
our own
Six
Months Months
Pablic deposits
[From
Fou r
Months Months
-
:
for deposits by
Trade Bills.
Joint
29,339,260 34,144,287
0,203,675
I
3,395,729!
45.089,900; 43.000,022'
Per ct.
0'70
71-95
!
Bank Bills.
'
84,204,752
2,019,800
j
0-98
Canal
I
02-51
1,104,902
.
Per ct.
S'08
810,334
70,103,945
00*7 3
Bushels.
9,452,811
5,394,035
5-50
I
4-38
0-41
8-49
Per ct.
!
19-21
\
7-72
West Shore.
Per ct.
27,570,408
1 nterest allowed
Open market rates.-
1882.
Bushels.
9,281,893! 14,080,052 10,106,885
7-02 !
12a 3 !
0'53 '
0,404,24©! 5,120,041' .4,870,289
4,863,375
.
32,247,719^
27"55 !
i
15-71
8,85<J,77<>
Per ct.
Del. L. & W
f
1 TO NOV. 30.
1883.
Bushels.
19,136,748! 22,474,895 18,418,011!
10-03
Pennsylv’a..
i
Bushels,
20-02
19,125,095
Per ct.
Bushels.
!
1884.
|
]
25,130,* *10.
19-22
Per et.
Erie
Riv.& coast
1885.
1880.
:
of £323,000 over the same time last year.
The rates for money have been as follows:
.
Pari s
3
Berlin
3
Frankfort
3
Open
Market
214
2%
2%
2H
2%
Bank
Rate.
Open
Market
18.
Bank
Open
Bank
Open
Rate.
Market
Rat0.
Market
3
2H
3
3
2
3
3
2H
3
3
2
3.
2)4
3
2H
3
24
24
2*6
24
24
34
314
Brussels
34
3H
34
214
314
3}4
2-4
2%
24
2%
214
3H
Madrid
4
4
4
4
4
4
4
4
Vienna
44
4 >4
4}4
4%
4%
44
44
414
St. Petersburg..
Copenhagen
5
5
5
5
5
5
5
5
3
3
3
3
3
3
3
3
Hamburg
3
Amsterdam
2J4
Messrs.
Pixley & Abell write
as
follows
on
3
3
the state of the
bullion market:
Gold—During theVeek there have been
no movements of gold at tliG
Some demand has arisen for export. Arrivals:
£4,000 from the Cape of Good Hope. £25,000 has been shipped to
Bombay.
Silver—There has been a sharp rise since our last, greatly accentuated
by the good rates obtained hy the India Council. The price to-day is
443,ftd. £30,000 has arrived from New York. The arrival is also reported
of the Aller, from New York, with £80,000.
£88,003 has been sent to
Bombay, per P. «fc O. steamer.
Mexican Dollars, ex French Steamer, were sold at 427ad. Since then,
owing to the rise in silver, rates have slightly improved, tn the absence
of business, there is no quotation.
Bank of
England.
1
24, 1867.J
Iecimbie
The
quotations for bullion are
London
Dec. 8.
Standard.
Bar
77
<?old, fine....ok.
Dec. 1.
d.
s.
9
77
s.
Bar gold,
20 dwts
Bar silver
77 10
silver..oz.
oz
Cake silver
Span.doubloons..oz.
B.Am.doubloons.oz.
........
excitement has been
44 3-16
433*
44 9-16
44^
contain
ing 5grs. gold..oz.
77 10
1.
d.
d.
d.
9
Dec.
Dec. 8.
Standard.
London
Bar silver,
contain’g
Some
quantities received were 2,151,278 lbs. heavier. The elevenmonths’ importations were £9,308,235 more than last year.
Our payments for food were quite up to the average.
The following are the totals of the imports and exports dur¬
ing October and the eleven months:
reported as follows :
SILVER.
GOLD.
47 H
oz.
845
CHRONICLE.
THE
I
/—Imports Foreign—>
d)
47 5-10
Mexican dols—oz.
caused here by the reported im_
Colonial Produce.
£
11 Months.
£
Xov.
1885
1888
1887
29,743,768 889,450,720
33.c50,955 318,452,803
32,850,321 327,7(31,038
,
-
-Re-exports Foreign
Exports British di-
(£ Colonial Mdse, die
£
£
11 Months.
Xov.
11 Months.
Irish Produce, die.
£
£
Xov.
52,730,746
51,563,113
53,892,693
3,918,589
3,869,976
4,135,270
18,464,250 195,826,979
17,569,692 195,310,485
19,177,361 201,012,976
The following shows the imports from the United States
portant discoveries of gold in Wales—in the Mawdash Valley
near Dolgelly.
Some samples shown are estimated to contain during November, so far as enumerated in the Board of Trade
six ounces to the ton.
It is, however, considered very doubt returns:
Quantity.
.
Val ue. 1887.
1886.
1887.
ful whether anything of importance will come out of the dis
1896.
No.
5,442 £117,765 £107,400
6,087
and bulls..
covery,
Gold has been found in Wales for a long time past£ Oxen
756
200
42
10
No.
Cows
No.
but hardly in paying quantities. Not far from
Sheen and lambs.
_ presen.
256,503
386,137
689,716
Wheat—Atlan. ports.cwts. 1,025,842
242,294
145,022
site, now attracting so much attention, is the old Cloggan
650,777
379,388
Pacific ports.... ...cwts.
595,353
499,4s. 8
931,332 1,123,377
mine, from which between the years I860 and 1803 some £60,000 .Flour
298,422
323,138
146,914
174,363
Bacon
22.888
.23,434
14,833
10,813
gold was extracted by the rather primitive process of panning* Beef—Salted
3 39,367
130,412
54,897
68,868
Fresh
but now the latest scientific methods are used with, it is main
98,963
130,048
38,368
51,480
Hams
35
806
284
33
tained, proportionate success. Possibly we shall soon have a Meat, unenumerat’d.cwts.
19,034
45,793
7,829
19,672
.cwts.
Preserved
Welsh gold mine added to the list of our public companies
18,882
19,448
13,530
13,626
...cwte.
Pork—Salted
6,004
10,678
1,455
2,638
...cwts.
The shower of new prospectuses continues, but it is question, Butter
95,631
140,228
36,850
55,£05
»
r
..
undertakings introduced
of public support.
able whether the new
large measure
receive
any
& Co. have introduced a G per cen^
^
City of Cordoba (Argentine Republic).a
is £198,400 and the price of issue 95 per cent.
Tenders for £2,325,000 Treasury bills have been received by
the Bank of England,'and the whole amount has been allotted in
three months’ bills at an average of £2 18s. p. ct., tenders at £99
Messrs. Heinemann
loan of the
os.
above in full.
2^2d. receiving about 45 per cent, and those
authorized to receive subscriptions
1st mortgage
Company are
Plate Trust Loan and Agency
The River
for £120,000 six per cent
bonds of £100 each of the Circuta
Railway Com¬
of the United States of Colombia, South America. The
price of issue is 95 per cent, and the bonds are redeemable at
par through the action of a cumulative sinking fund of 2%
Cheese
Fish
Lard
Sugar, refined
...cwts.
Copper ore
tOU8.
...tone.
327
Regulus, Ac..'...
"
creations for the week have been :
are
the
exports of British and
Quantity
£100,000
"Cox’s Horse Repository (Limited), £5 shares
00,000
Consumers’ Direct Fish Supply Association (Limited), £1
shares..
0,000
Parnall A Sons (Limited), £10 shares
G~>,000
Mining (Limited), £1 shares.
Wilhelmina A New Phoenix Tin
COLONIAL.
Mount Albion Silver
(Limited), North
Mining & Smelting Co.
Queensland, £1 shares
Barberton Hold Mines
Waihi Hold Mining Co.
West Sheba Reef Gold
(Limited), £1 shares
(Limited), New Zealand, £1 shares
Mining Co. (Limited), De Kaaf district,
Transvaal, £1 shares
r
-
125,000
100,000
cent bonds, issued
Circuta Railway Company 0 per cent 1st mortgage
issued at 05 per cent
The Agassian Land A Hotel Company (Limited),
shares
bonds,
Corsica, £5
120,000
100,000
UNITE I > STATICS.
*
Josephine Mining Company
California....
Logan
£60,000
Boulders
120,000
(Limited), Sunbeam Gulch,
Colorado, LT. S. A. £1 shares
Gold Mines
County,
*To
(Limited), £1 shares. Fresno Co.,
for November shows that
make of iron for the month was 209,152 tons, or
The Cleveland Ironmasters’ return
the total
12,613 tons less than in October. The make of Cleveland iron
alone was 109,326 tons—a decrease of 7,140 tons in the month.
at the end of Nov¬
ember was 51, against 53 in October; and on Hematite, &c.,
42, against 42. Notwithstanding the decrease in make, the
total stock of pig-iron increased by the end of the month by
1,721 tons over October. There was a deficiency in shipments
foreign of 7,357 tons and coastwise of 4,046 tons, compared
with October; and the actual shipments for November were
64,488 tons, against'71,363 tons in November, 1886.
The Board of Trade Returns issued for November are favor¬
able, and so far as our exports are concerned quite up to
expectations. The gain for the month is as much as £1,607,669,
which, it is satisfactory to notice, has been distributed with
tolerable evenness between the textile and hardware indus¬
tries. The excess for the eleven months is £5,702,491. In the
matter of imports a deficiency of £200,634 is shown for the
month.
Cotton importations exhibit an increase of £323,360,
but those of wool are valued at £126,014 less, although the
The number of furnaces on
143
4,096
31,045
57
4,046
17,819
£4,235
17,487
16,663
15,209
8.134
19,804
57,193
4,540
49,733
9,458
66,361
3,288
65.198
3,763
122,577
5.135
795
44,904
61,068
165,879
9,096
107,682
149,470
9,432
24,805
49,720
33.830
65,942
1,438
81,674
5,104
4,049
22,664
237,140
76,227
1,301
4,428
88,136
5,421
Cleveland
ore
17,741
28,896
7,755
24,132
409,500
622,600
lbs.
509,000
1,042,300
goods
363.800
675,800
..yds. 3,220,900
2,742,100
yds.
Carpets
Hardware and cutlery....
Iron and steel—Pig.. .tons
Bar, angle, Ao..tons
Railroad
tons
Hoops, sheet, Ac. tons
Cast and wro’t..tons
Old, for remnftr.tons
tons
Tin-Plates
Steel, unwrouclit
Tin, unwrouglit
tons
cwts.
32,200
51,900
18,909
22,925
202
669
20,657
19,078
507
274
525
202
8,868
14,666
5,540
18,467
9,707
250
13
907
30
17,598
tons
Lead
Steam-engines
Other kinds of machinery.
Apparel and slops
Haberdashery & millinery
Alkali
cwts.
Bags and sacks
doz.
Cement
cwts.
Earthenware &
2,612
122,655
3,252
329,558
42,160
17,107
348,578
37,093
7,983
porcelain.
Paper—Writing, printing,
369
102,517
3,881
16,454
89,051
6,308
32,748
69,875
86,623
2,984
1,912
1,778
1,864
84,133
precious metals have been as
To and f rom
all Countries.
1885.
1880.
£
£
(550,258
1,524,700
Imports In Nov
Do
11 months. 12.021,807 12,704,135
1,200,105 1,077,753
Exports in Nov....
11 months. 9,700,781 11,500,895
Do
SILVER.
4.911
11.830
52,878
8,338
■
Imports in Nov....
11 months.
Do
Exports in Nov
Do
11 months.
247,091
56,071
5,916
54,512
10,301
Stationery,oth’r than pap’r
GOLD.
3,743
14.884
7,740
41,369
10,292
12,125
442
540
729
607
55,958
190
Skins and furs
The movements in
1887.
£675
1887.
Ac....
cwts.
All other kinde.cwts.
acquire existing business.
-Value1886.
1886.
lbs.
Silk
Other articles of silk only
Articles of silk and other
materials
Woolen fabrics
yds.
150,000
£198,400
200,000
Irish produce to the
yds. 9,223,500 ,9,624,700
82,800
145,400
lbs
Piece goods..yds. 4,387,600 5,126.900
15,524
12,734
broadstuffs
yds.
Piece
110,834
far as can be gathered
Linen—Yarn
FOREIGN.
City of Cordoba (Argentine Republic) 0 per
at 05 percent.
Faliang Corporation (Limited), £1 shares.
piece
Worsted fabrics
£200,000
0,409
116,155
27,150
goods...yds. 2,186,500 2,335,100
galls.
Spirits
Jute—Yarn
LOCAL.
No.
bbls.
tons
Horses
Beer and ale
Salt
35,994
7,992
15,812
2,435,777
United States during November, as
from these official statistics:
105,670
5,100
4,205
4,361,445 4,609,467
41,444
42,247
28,413
18,812
124
1,809,559
36,219
6,039
13,840
.
Wool
Cotton
,
8,190
4,110
95
...cwts. 1,748,534
Cottou, raw
33,371
..CWt8.
Tallow
4,387
WoOdA timber—Hewn.Ids.
6,333
Sawn and split.. ..loads.
No.
Clocks
lbs. 2,322,139
Leather
pany
per cent.
The capital
222
7,167
54,261
" 234
..
Unwrought and partly
tOU8.
wrought
Below
16,995
150,156
139,457
2,511
31,531
6,099
90,991
166,469
1887.
£
To and from
1885.
£
4,998
follows:
United States.
1886.
1887.
£
£
1,908
35.005
803,773
98,352
3,828
3,014,999
293,400
8,207,980
288,712
1,992,330
1,724,789
100,669
2,530,400
5,200
150,935
1,587,94«
•251,002
1,804,813
1,381,147
0,171,823
084,078
8,508,255
077,820
700,850
598,210
0,745.0(54
408,13 9
6.0(50,410
505,950
9,20(5,924
0,740,905
7,014,500
11,290
906,688
0,011
100
2,850
050
34,'549
grain trade has not undergoneany appreciable change.
Firmness is still its distin¬
guishing feature and sellers throughout have the advant¬
age. Wheat has been well held and has occasionally brought
higher prices. Quotations at the principal selling ports are
relatively higher than they are with us, but values abroad are
more regulated by speculative action than is the case here!
Prices seem to hint at a firm market, although the hardening
tendency may be momentarily checked by the return of mild
The
general appearance of the
THE CHRONICLF
846
weather. In the statistical position nothing fresh of
importance has transpired. The chances of a further improve_
ment in prices are quite as strong as they were, particularly as
with the steady expansion of trade, consumption promises to
be of a full average character during the present season.
The following shows the import of cereal produce into the
United Kingdom during the past 14 weeks of the season, and
[VOL. XLV.
FOREIGN IMPORTS AT
✓open
other items
3.8254—The
compared with last
1887.
cwt.
Barley
Oats
Dry Goods
1886.
13,839,823
5,058,926
4, '99.253
14,706,921
7,685,875
5,203,229
932,120
652,228
(560,048
643,2.30
6,831.462
6,358,172
5,194,779
corn
1885.
1884.
15,838,455
4,359,626
3,617,950
663,734
14,451,467
6,315,565
3,373,070
677,568
1,048,466
4,877,119
962,405
6,827,452
3,466,148
4,403,131
1887
.1886.
$819,176*
Total
Since Jan. 1.
Imports of wheat.cwt. 13,839,823
Imports of Hour
5,191.779
Sales of home-grown. 12,345,730
Total.
31,380,332
14,700,9 21
15,838,455
4,403,131
3,466,148
10,330,554
12,758,714
14,451,467
4,137,538
14,038,099
29,440,000
32,063,317
32,627,104
1887.
price wheat
price wheat
week. 3%.
season. 29s.
3d.
8d.
'1886.
3 2s. 7d.
31s. Id.
1885.
31s. Od.
Od.
31s.
1884.
30s. lOd
32s.
3d.
Gen’l mer’dise..
Financial
$1,899,890
Sat.
Silver, per oz
d.
“Consols for money
lOtOie
Consols for account
Fr’ch rentes (in Pans) fr. 81*07hi
U. S. 4%s of 1891
1 10%
U. S. 4 s of 1907
128 ay
Canadian Pacific
62
Chic. Mil. & St. Paul
7<>%
Erie common stock
29
Illinois Central
119^
Pennsylvania
Philadelphia & Heading.
New York Central
555s
34
111%
l
Mon.
Tves.
Thurs
45
44 4
45ift
44”>,
10111,0 101 916 1019,(5 1019,(5
101
101
1015+
5+
5+
lOlUlio
81-271*3 81-271*. 81-40
110%
1101-2
110%
1285.t
x1285ft 1285ft
63
625ft
62i8
755ft
765.1
764
29
28 5ft
29
121
121
120'ft
565ft
504
56ift
334
33:4
34ift
1115.4
1115ft
111%
Fri.
44%
1014a
|
|
1884.
$6,444,s 18
310,339,805
318,709,875
Total 50 weeks.
|
1885.
$6,421,539'
For the week....
Prev. reported..
1886.
764
29 4
1214
56%
34
1114
$6,398,913,
Great Britain
France
$1 !.>,(>/
YORK.
....
6,700
2,659,990;
500
13,331
2.-191.6-1S.
Total 1887
Total 1886
Total 1885...
$20,034) $6,918,2731
The national hanking association known as “The Market National
Bank of New York,” and located in the City of
New York, N. Y., has
•changed its title to The Market and Fulton National Bank of New York..
Sidney National Bank, New York. Capital, $50,000. John
Clark, President; Hiram W. Herrick, Cashier.
First National Bank of Chadron, Neb. Capital, $50,000.
Bartlett Richards, President; A. L. Miller, Cashier.
First National Bank of Centralia, Kan. Capital, $50,000. A.
J. Best, President; A. Oberndorf, Jr., Cashier.
Troy National Bank, Ohio. Capital, $60,000. Noah H.
Allniugb, President; Noah Yount, Cashier.
37,594,5911
22,791 j
553,051!
7,890,518;
11,580
Week.
Great Britain.
France
2,898,
260,116
5,900
605,579
$321,920 $37,839,814
1,964,197
29,019,732
14,494,553
274,806
Imp orts.
\sinccJitu.l.
Week.
Since Jan. 1»
$391,150
$9,861,121
$303,580
2,800
85,986
898,073
2,216
1S2.536
568,266
74,498
226,846
614,177
Germany
West Indies
Mexico
South America
All other countries...
Total 1887
Total 1886
Total 1885
8,467,457
| 17,722,708
301,512
5,419 198
j.
16,417
Exports.
Silver.
Since Jan. 1
..I $5,348,339
$
Oi./All!
’
:
ij
968,101;
.
following banks have recently been
Week.
30,0-19:
03:**
-3,821—Tlie Fourth National Bank of Dayton, Ohio. Capital, $ 100,000.
Joseph B. Thresher, President; Ziha Crawford, Cashier.
293,886)420
Imports.
j Si nee Jan. 1.
$
Mexico
South America.
All other countries...
1285ft
33%
111%
$5,062 876
302,773,553
$325,131,414 $316,784,623 $309,172,466 $298,949,296
Week
1104
76 4
29
121 %
56
1887.
The following table shows the exports and
imports of specie
the port of New York for the week ending
Dec. 17, and
since January 1, 1887, and for the corresponding
periods in
1886 and 1885 :
101.4
Commercial atul miscellaneous Heme
National Banks.—The
|
at
81-32 4 81-25
11034
1284
63%
Ifts
331 806453
EXPORTS FROM NEW YORK.
Germany
Wed.
Gaosliit
$412,522,757 $3/0,9/5,08/ $117,766,130 $119,107,31
Exports.
1
$1 94a
5,07^084,
4,866,9641
Gold.
ber 23.
1887
In our report of the dry goods trade will be found
the im¬
ports of dry goods for one week later.
The following is a statement of the exports
(exclusive of
specie) from the port of New York to foreign ports for the
week ending December 20 and from January 1
to date :
flarkets-— Per Cable.
daily closing quotations for securities, &c., at London,
reported by cable as follows for the week ending Decem¬
London.
|
304,057,307j 275,218,553 306,566,130
The
organized
$1,534,466
EXPORTS ANI) IMPORTS OF SPECIE AT NEW
UnslUh
are
1886.
$107,865,390
on
1884.
|
$l,314,539j $95,750,534
$6,401,430j $0,972,974 $8,051,608
$T11,200,300**117 304
Dry Goods
4,137,538
1885.
1885.
j
3,495,363!
Gen’l mer’dise..
Total 50 weeks.
Supplies available for consumption (exclusive of stocks
September 1):
Aver,
Aver,
1884.
IMPORTS.
Wheat.....
Peas
Beaus
Indian
Flour
year:
For Week.
NEW YORK.
265.367
278,088
15,079
16,775
21,358
j
340
09,348
272,167
27,350
$576,7151$11,665,525
$41,405
9,771,877
57,414
263,279) 15,396,100
26,358
78,700
-
126,5731
$1,972,119
2,006,157
1,866.122
Of the above imports
American gold coin and
for the week in 18S7, $7,910 were
$928 American silver coin. Of the
exports during the same time, $6,700 were American gold
coin and $1,300 were American silver coin.
A.
Foreign Trade of New York—Monthly Statement.—In
addition to the foregoing tables, made up from weekly returns,
give the following figures for the full month-*, also issued
we
our New York Custom House.
the total imports of merchandise.
by
—The Market National Bank and the Fulton National have
this week consolidated and hereafter the new concern will be
known
as
IMPORTS INTO NEW YORK.
•
1887.
The Market & Fulton National Bank of New York.
Month.
It will
gratify the friends of Mr. Robert Bayles and Mr. Albert
Gilbert. who have so long and acceptably filled the positions
of President and Cashier of the Market B mk, to know that
they
are to hold the same pos tions in the new
organiz ition. It is
not often that two companies of any kind in good
standing
consolidate.
usual.
For two solvent banks to do
it, is
even more un¬
And yet
the Market and the Fulton are bith popu’ar
and excellent institutions, with profitable business,
good sur¬
plus, stocks selling at high figures; and they join fo-cessimply
because they have reason to think it will be more
profit¬
able to do
so.
The
new concern
starts with about
$1,400,000
soon
of Gold and Fulton streets
as
which it will occupy
4
..
for the
Week.—The
for the week ended
4
23,748,188 34,907,892 J
23,022,778 39,822,442.
31.391,648 41,023,530;
32,85.0,90-> 41,141,894
March
9,63i,882!
April
8.287,994
May
7,606,663] 30.013,836 37,020,499
June
6,689.095
July
10,599,060
August
14,913,036
10,531,500
10,263,946
7,004,738
31,355,197
26,118,608
29,372,093
25,445,287
29,268,192
31,575,774
Total.
'
•41,014,892-
36.717,668
44.285,739)
4
4
j
4
9,410.109 23.539,73.
33.799,899
12,070,425 20.021.316) 38,691,741
12,810,725 20.304,401; 39.181.189
8,566,330
7,089,337
6,831,8? 1
9,330.756
14.248,301
10,024,223
28,013,389) 37,179,719
34,77.5,653j 32.404,990
29,228,6191 30,110,190
*27,868,768- 37.199,524
24,227,584!
38,475,885
39,532,438*
8.016,057
<j 36.297,818
2-*.132.140 30,148,197
38,581,512
8,115,561
28,955,621
Total.... 113,488,9 42'317,173.401 130,66 J,343
107,169.450
September.
October...
November
•
.
EXPORTS FROM NEW
1
i
i
j
YORK.
26,273,59
j 37,071,183
291.450,879i491,620,329
CUSTOMS RECEIPTS.
Total Merchandise.
imports of last
December 20 amounted to $5,062,876,
xigainst $6,483,418 last week and $7,056,569 two weeks previ¬
ous.
The following are the imports at New York for the
week ending (for dry goods) December 15 and for the week
ending (for general merchandise) December 16; also, totals
since the beginning of the first week in
January :
At New York.
Month.
Month.
1887.
4
Exports
dise.
as
'week, compared with those of the preceding week, show an
increase in both dry goods
and general merchandise.
The total imports were $8.051,603, against $7,973,353 the
pre¬
ceding week and $8,811,576 two weeks previous. The exports
4
11,159.704
16,7 09,6(51
January....
February
future.
and
Goods.
General
Mrchan- '
1
No doubt with such surroundings and
present management it will have a very prosperous
Imports
Dry
lotal.
Merchan¬
dise.
completed.
under its
1886.
General
Dry
Goods.
capital and surplus, about 4]± million deposits, and intends to
begin on May 1st the building of a new banking house on the
corner
The first statement covers
February
.
1888.
,
4
1887.
j
j
24,476,S87
22,294,833
22,314,321;
.January..
February
28,365,100
23,*204,084
Mai ck
23,723,616
May
23,207,963 24.596,455
23,770,711 20,263,431 j
April
May
.Tune
25 62 1 0351
29.395.320
J
une
Jill
27 891,594
29,734,941
J
a
28,374,721
25,857,301
25.338,876
29,517,577
26,065,729
28,886,274
August
September
v
August
September
October
November
Total
1
27,572,808
27.107,495
284.(89,583 239,594,049
1
v
October
November
Total
188*1,
4
4
11.792,309 10,925,448
13,090,217 11,799,732
14,200,782 12,500,233
11,420,147 10,434,180
10,947,639
9,021,800
11,816,236 11,879,019
12,814,847 12,605,423
15,002,350 14,826,573
13.S25.754 12.930.564
12,380,666
11,437,190
ll.56l.3S9
9,781.653
139,334,137-128.272.027
THE CHRONICLE.
^I nited states Sub-1 rensury.—The following table shows
the receipts and payments at the Sub-Trtasury in this city, as
well as the balances in the same, for each day of the past
week
:
Balances.
Dec. 37
19
20
21
22
“
“
«
Payments.
Receipts.
Rate.
-
$
710,388
99 ,013
3,615,(51
2,079,930
$
1,1*49,428
Coin.
!
$
Coin
1,265,288 131,284,54
3,789,581! 3 31,395,724
1,14 2,323
1,28(5,09(5 131,322,545
1,364,795 131,417,541
Total...
7.476.958
S.609.283
909,272
$
20,233,270
19,709,030
19,928,2-19
20,165,802
"
131,235,830
1,754,095 131,215,032
03
a
«
Cert's
20,075,618
•
19,767,019
Currency.
$
9,«59,033
9,619,983
9,711,026
9,054,019
9,141,153
9.132,280
place
Jan*
5 next.
The extension connects with the
Riokel Plate and giv< s it direct connection with the coal fields
of Western Per mylvunia. The read is to he completed by
Aprilo.
The
u
organization is taking place under the direc¬
Central T u t Co. of New York, which advanced
almost $1,000,000.—Kiel na n's.
tion of the
—The Illinois Central Railroad Company reminds holders of
scrip certificates that the same must be converted into certifi¬
cates of capital stock in order to be entitled to dividends.
Sntro Tunnel.—^he executive committee of stockholders
of the Sutro luunel Company give notice that bonds sufficient
for settling the litigation under the exiting agreement, which
expires on Dec. 31 next, not having been subscribed for, it is
proposed to take an assignment of the present mortgage and
foreclose it for the sole benefit of subscribers for the new
bondp.
Subscriptions will continue to be received up to the
8Gth inst.
Virginia State Debt.—The Second Auditor of Virginia
furnishes the following :
principal of the various classes of old debt
outstanding Oct. 1, 1887, is
$24,544,566
Which if l’uuued under the Kiddlebergcr bill would yield in
new 3 per cent bonds
14,003,923
The amount of interest due July, 1882, and prior outstand¬
ing Oct. 1, 1887, is $1,892,563, which would yield if
funded
1,291,973
The amount of interest due January, 3S83, to and including
January, 1885, fundable under act of Nov. 29, 3 884, out¬
standing Oct. 1, 1887, is $1,901,674, which would yield..
1,068,556
Amount of new 3 per cent bonds already issued
7,367,554
Total debt issued and to be issued
23,732,008
Deduct bonds canceled by acts of Legislature
535,510
The amount of
...
—The attention of investors is called to the first mortgage
bonds offered through our advertising columns by Messrs.
John H. Davis & Co., of this city.
—The Homestake Mining Co. announces its usual dividend
of $25,000 for Nov mber, payatle at the Trausfer Agency of
Messrs. Lounsbery & Co.
—The Ontario Silver Mining Co. has declared its customary
dividend for November of $75,000, payable at the Transfer
Auction
auction by
$23,196,497
which is
......
$695,894
According to the terms of the amendment of Nov. 29, 1884,
all new bonds to be issued bear interest from the semi-annual
period text preceding the date of funding,and no allowance is
matuiing after January 1, 1885.
TVabafrb.—At Chicago, Dec. 19, the Wabash cafe was up be¬
fore Judge Gresham on motions by the Chicago Division bond¬
made for any
int
r est
holders to include in the
next
payment of interest one or more
also, one or
coupons of the Chicago Division, and to include
more coupons of the Hannibal & Naples road, and
holders of the 1879 mortgage, for the application
by the bond¬
of the
earn¬
ings of the D catur & E-iSt St. L<>uis Rrailroad to the payment
of interest on the mongage of 1879 of the Decatur & Ejst St.
contended that there was not
money enough in the hands of the receiver to pay inter¬
est and it w* uld be found that the main line should pay back
a large amount
to the divisions. The receiver lias only
Louis Railroad alone.
It
was
$405,000, while $553,000 is needed. The Chicago Division
bondholders expressed a willingness to wait until Jan; 20, the
time fixed for the culmination of the proposed settlement with
the purchasing committee, if everybody else would wait, but if
coupons were to te pat a on any division the Chicago Division
bonds should bo included, bt cause the division earned annually
enough to pay its interest on the $4,500,000 mortgage. Two
coupons have been paid during the year on the main line and
only one on the Chicago Division. By Jan. 1, the receiver
would have $850,000, which, deducting, $300,000 for current
expenses, would leave $550 000 with which to pay the interest.
The
court
announced its decision
on
Shares.
proposition.
Members of the committee state without
Co. income bonds celt
25 Fulton Lie. of Brooklyn.. 153
100 Am. Dist. Tel. of Bklyn... 46
10 Met. Elate Class of N. Y.101
10 Colwell Lead Co
$100 p. sk.
adopted, and are confident of further large additions
opposing infceresb 1 hey also claim that they are
assured, from their eone-pondence with bondholders, that the
efforts of the Central Trust Company are not over successful
in the n after of st curing dep sits. The success of the main
party, we learn, is yrt but small in view of the large arm u t
of bonds which they are endeavoring to enlist.
General Hub¬
bard. of the Purchasing Committe *, states that about a week
ago $4,000,000 bonds had been deposited.
Since that time a
number of deposits have been received, and he makes
$5,00O,0CO ss a fair estimate of the aggregate amount of bonds
now on deposit
under the plan.”
he
their
never
26
eoupou on
$3,000 42d St. Manliattanv. &
St. Nicholas Aw, 2d ino
5514
$20,600 Montgomery & Fla.
..
22t4
DIVIDENDS;
The
following dividends have recently been announced :
Name of
Per
Cent.
Company.
Railroad*.
Beech Creek, pref
Bell's Gap
Central Pacific
Central Branch Union Pacific
Chic Bt. Paul Minn. & Om. pref
Evansville <fc Terre Haute <qut>r.).
2 lo
5
1
10
3
1*4
4
3
Philadelphia Wilmington & Balt..
Portland & Rochester
Richmond & Petersburg
Rock Island & Peoria
3^3
2*2
'
Wilmington Col. & Aug
Wilmington & Weldon
f
;
Worcester Nashua & Rochester..
3
4
3
When
Payable.
JfUl.
Dec.
Feb.
Dee
J;m.
Jan.
J«n.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Books Closed,
(Days inclusive.)
16 Dee. 31 to Jan.
31
16
1
20
17
2
14
3
Dee. 31 to Jan.
Jan.
4 to Jan.
to Dec.
Dec. 14 to Jan.
Dec. 29 to Jan.
1 Deo. 26 to Jau.
22
17
14
14
2
4
10
14 Jan.
1 to Jan.
10
3 Dec. 24 to Jan.
3 Dec. ‘.0 to J an.
3 Dec. 22 to Jail.
8
4
3
0
Rank*.
Bank of America
;
Bank of New York
Bank of North America
Jan.
Jau.
Jan.
J an.
Jan.
4
5
3
0
Bowery National
j
Central National
Chatham National (quar.)
East River National
Fourth National
Hanover National
i
4
3
4
4
I
3*2
j
j
Importers’ & Traders’ National...
Irving National
Leather Manufacturers’
Market National
Do
(extra!
Mechanics’ National
Mechanics’ & Tnders*
Merchants’ Exchange National...
Merchants’ National
Mount Morris
National Bank of Commerce
i
National Broadway
j
National Citizens
National Park
National Shoe & Leather
Ninth National
Orient d
Plnenix National
Thiid Nation 11
i
Tradesman’s National
I
ill I Neel I an eon*.
|
;
Brooklyn Trust Company
Wells, Fargo & Co. Express
Jan.
Jan.
Jau.
7
4
5
4
10
4
5
3
Jan.
Jan.
Jan.
3
3
3
Jau.
Jan.
Jan.
Jim.
Jan.
Jan.
fan.
J.m.
Jan.
Jan.
Jan.
Jan.
Jan.
Ian.
bin.
Jan.
Jan.
J an.
5
Jan.
4
Jan.
3^
3
4
8
3*2
4
4
3*2
5
•-
c
Jan.
Jan.
5
2
Jan.
Jan.
Jan.
Jan.
Jnn.
Jan.
Jan.
Jun.
2
2
2
2
2
2
2
4
3 Dee. 22 to Jan.
3 Dee. 22 to Jan.
3 Dee. 22 to jan.
9
3 Dt c. 22 to Jan.
2
3
3
Die. 25 to
3 Dec. 24 to
3
Dec. 23 to
3 Dec. 24 to
3 Dec. 22 to
3 Dee. 20 to
3 Dec. 24 to
3 Dee. 21 to
3 Dec. 21 to
3 Dee. 22 to
3
22
3
Dec. 23 to
3 Dec. 21 to
*»
Dee. 24 to
3 Dec. 22 to
3 Dec. 22 to
3
‘A
3
Jan.
Jan.
J an.
Jan.
Jan.
2
2
2
2
2
3
3 Dec. 22 to .Tan.
to Jan. 16
10ljan.
1
Ranking and Jftaauclat.
HARVEY
FISH
&
SONS,
BANKERS,
28 NASSAU
ACCOUNTS
STREET, NEW YORK.
BANKERS, CORPORATIONS, Merchant®*
subject to demand draft. Interest allowed on
of BANKS,
and individuals received
balances.
Our business in this
department is steadily increasing. Many having
awaiting investment find it a convenience to let them lie with uedrawing interest while deciding upon what securities to buy.
funds
hesitation that the plan of reorganization as proposed will
to
$33
Fla.
R’y 1st M. 6s, Nov., 1886,
HR. 1st 6s
also
weeks’ work, whereas the Roosevelt Committee spent several
months in 8; curing the assent of about $3,500,000 of bonds io
$60 N.Y. L. E. A Western RR.
1 (P-j i! $20,(i(K) Montgomery tfc
and
those already ordered to bt* paid, will be cashed by the Central
Trust Co. on January 3
—The Commercial Bulletin says : “An official statement of
amember of The Wabash Second MortgageBondho ders’ Com¬
mittee is that about $1,620,000 of second mortgage bonds have
agreed to the plans of the a' ove committee to date. Tni*, it
is said, is entirely satisfactory, as it is the result of only a few
their
Bov ft8.
Improvement Co
the 21st, and directed the
receiver to pay a coupon of the Chicago Division bonds
also one on the Hannibal & Naples. These coupons, ai d
Sales.—The following were sold this week at
Messrs. Adrian H. Muller & Son :
50 Peoples Gas-L. Co.of J.O. 50
41 Central New Jersey Land
...
Total
Three per cent on
See advertisement.
Transfer books will close Feb. 8.
Agency of Messrs. Lounsbery & Co.
Slieuaiigo & Alleglieii) Talley.—It is announced officially
that the leotganiz*'n>n *»f the Erie extension of the Shenango
& Alle* her<y Valiev Railroad, known as the Canal Bed Road,
will take
847
WALTER STANTON*
WM. EDWARD COFFIN.
COFFIN
&
STANTON,
RANKERS,
11
»
WALL
STREET,
NEW
YORK,
NEGOTIATE
State,
Municipal, Railroad, AYater and Gas Bonds.
MONEY ADVANCED ON MARKETABLE SECURITIES.
EHE CHRONICLE
848
Continental
^luc |Bauhm' <&KZztU.
Dividends will be found on the
bills
Francs.
5
23|@5 24f
and 5 21£®
21£; reichmarks, 94|@95 and 95f®9o 7-16; guilders, 40®
40J and 40J@40f.
The following w-ere the rates of domestic exchange on New
York at the under-mentionedhities to-day: Savannah, buying
wTere:
5
preceding page.
WALL STREET, FRIDAY, Dec.
fV0L. XLV.
23, 1887-5 P. M.
£ discount; selling ^ discount@par: Charleston, buying
Money Market and Financial Situation.—We have
3-16 discount; selling par; New Orleans, commercial, $1 25
had another week of Very dull business, and it is evident tha
there is the usual disinclination to operate just at the close of discount; bank, par; St. Louis, par; Chicago, 60c. discount.
The
The rates of
he year.
leading bankers
follows:
are as
who anticipate a gradual improvement in
December 23.
Demand.
Sixty Days.
activity after the January disbursements have been made, and Prime bankers’ sterling bills on London..
4 33*2
4 87
4 82
34 82*4
they support their views by pointing to the fact that the rail¬ Prime commercial
4 81
4 81%
Documentary commercial
road and financial situation is remarkably good and that the Paris
5 23% 35 23iQ 5 21% 35 205a
(francs)
40 «40ll6
Amsterdam
40% r,340%
prices of stocks and bonds are relatively low when compared Frankfort or(guilders)
95
®951e
Bremen (reiclimarks)
95^39568
with their range in the past eighteen months.
Coi ns.—The following are quotations in gold f or v anous corns:
The session of Congress brings its customary period of uncer¬
Silver %s and Ljs.
99—
Sovereigns
$4 84 @$4 87
tainty to all the markets, but the probability of any extreme Napoleons
Five francs
93 @
95
3 85 3 3 90
Mexican dollars..
76 /S>
X X Reiclnnarks.. 4 74
3 4 77
77
tariff legislation against manufactured goods is very remote,
Do uncommerc’l
75 'a>
X Guilders
3 96 '©4 00
Peruvian sols
74 ®
as
neither party is a unit on the tariff question* while Span’h Doubloons.15 55 'alb 70
75
Mcx. D.mbloons..l5 55 'crib 65
English silver.... 4 77 @ 4 85
as to other matters it seems almost inevitable that legislation
75 ®
Fine pold bars
par ®%prem U. S. trade dollars*
99
1 00
974 U. S. silver dollars
96%3
must result in a reduction of taxes in some shape and pos¬ Fine silver bars...
Dimes & *2 dimes. —991s <z> par.
sibly in measures to distribute the surplus. Our Congressmen
Now demonetized.
will scarcely vote in favor of any bill that will cause tight
United States Bonds.—The business in Government secu¬
money in the year of a Presidential election.
Their financial
rities continues on a very restricted scale; as most of the
instincts on this question may be trusted with more certainty^
bonds now outstanding are held for investment or by the
perhaps, than on any other single point in the whole field
banks to secure circulation or deposits, few are transferred in
of political economy.
the market.
Prices for the 4s and 4^s have ruled strong and
The way in which gross earnings are keeping up in Decem¬
the latter are a little higher than a wreek ago.
ber confirms our predictions that the year 1887 would turn out
The closing prices at the N. Y. Board have been as follows:
to be one of very large gross earnings, though on the other
hand the exhibits of net are not always so satisfactory, in
Dec. ! Dec.
! Interest Dec. j Dec. j Dee. j Dec.
22.
| 23.
Periodsj 17.
19. j 20. j 21.
many cases by reason of the fact that liberal expenditures are
*108
*108
-Mar.
"
1077b
*108is
1075g
*10758:
4^8,1891...
being made for renewals and betterments and charged to
103
-Mar. *1070f 108
‘1091s
|*10778 108
4*28, 1891....
-Jan. 1*1-5
operating expenses.
4s, 1907
j *125 *12514 1253s *12514 *125
-Jan. :*126
126i&*126i4 *12614 *12614 *126
For commission houses the present December is one of the 4s, 1907......
& J. *119
| *119 i*119 *119 *119 *119
68, cur’cy,’95
& J. *121^; *12112*12112 *12112 *12H2 *121 /
■worst known, but for customers it is a better month than 6s, cur’cy, ’96.
& J. 1*12312 *12312 *12312 "12312 *12312 *123
6s, cur’cy, ’97
& J. *12512; *125^2*12512 *12512 *12512 *125
December, 1880, when there was so much activity resulting 6s, cur’cy,’98
& J.
*127 2 *12712 *12712 *12712 1*127
68, cur’cy,’99
from the famous money squeeze, which was such a profitable
This is the price bid at the morning board; no sale was made.
operation for the distinguished gentlemen wrho engineered it.
State and Railroatf Bonds.—State bonds have not been
The open market rates for call loans during tne week on
stock and bond collaterals have ranged from 4 to 6 per cent, specially active, and there has been no feature to the market.
and to-day the rates were 4@5 per cent.
Prime commercial Tennessee settlement 3s have been strong. No other class
merits special notice.
paper is quoted at 5&@G| per cent.
Railroad bonds have been dull, in sympathy "with the
The Bank of England weekly statement on Thursday showed
a loss in
specie of £77,000, and the percentage of reserve to extreme dulness of the stock market, though the business in
No spe¬
liabilities was 44*92, against 40*16 last "week; the discount bonds has been relatively more active than in stocks.
of
cial
movement
taken
and
changes
for
rate remains unchanged at 4 per cent. The Bank of France lost
prices has
place,
the
2,900,000 francs in gold and gained 1,150,000 francs in silver. the wTeek, in most cases, are unimportant. The prevailing
The NewT York Clearing House banks in their statement of tone has been irregular.
There has been no special demand
Dec. 17 showed an increase in surplus reserve of $1,721,200? for investment, and the speculative trading is on a small scale.
the total surplus being $7,928,400, against $6,207,200 the pre¬
Railroad and Miscellaneous Stocks.—The stock market
vious w*eek.
during the past w'eek has been extremely dull and lifeless; in
The following table shows the changes from the previous fact the aggregate of transactions is about the smallest of the
week and a comparison with the tw*o preceding years
in the year. There has been no interest whatever exhibited in the
market outside of the operations of a few V room traders,”
averages of the New York Clearing House banks:
whose dealings have made up the entire total of each day’s
business.
1887.
1886.
Diffi ''lie's fr'm\
1885.
Naturally, in such a market the fluctuations have
Dec. 17.
Prev. Week, j Dec. is.
Dec. 19.
been very slight and mostly unimportant.
A generally firm
$
if
$
$
undertone,
however,
has
on
occasions special
prevailed,
though
Loans and disc’ts. 350.261,200 Dec 2.682,4001 348.693.700 337,574,300
69.0S3.600 Inc
Specie
721,000! 74.386.000 92,818,100 stocks have shown weakness.
On Thursday a little more ac¬
Circulation
8,036.600 Inc.
800!
7.914,100 10,005,700
Net deposits
351,566.800 1 >ec. 138,800 353,761.600 377.502,000 tivity developed, but in a time of
ordinary activity this
I110.
Legal tenders
26.736,500
962,500| 18,062,600 28,305,200 day's business would have been considered very small. Read¬
87,891,700 Dec
Legal reserve
34,700 88,440,400 94.375.500
Reserve held
95,820,100 Tn*. 1,686,5001 92,448,600 121,123,300 ing was the feature, declining 1& on a revival of the rumors of
Surplus
4.008,200 26,747,800 possible trouble among the miners, but most of this decline
7,928,400 Inc. 1,721,200]
wras recovered to-day. r Burlington & Quincy, on the other
Exchange.—Sterling exchange has been active part of the hand, spurted up sharply, said to be due largely to the cover¬
time during the past week, the demand from bankers having ing of 60-day contracts coming due at this time.
been quite brisk, chiefly for remittances in connection with
There has been little news of consequence, and very few in¬
January interest disbursements. In addition to this there has fluences to affect prices. The wTar talk abroad has occasioned
been a scarcity of commercial bills, and these facts have some foreign selling, but this has not been extensive, nor has
aused a very strong tone to prevail in rates.
Actual rates it had much effect on prices.
Chicago has most of the time
have been steadily working up, and posted rates have
4been been ranged on the side of lowrer prices, the reduction in rates
advanced lc. to 4 83£ and 4 87.
by the Western roads having been considerably discussed,
though
directly occasioning no special weakness.
To-day the rates on actual business were as follows, viz.:
To-day,
Friday, the market continued dull, though the tone
Bankers’ 60 days’ sterling, 4 82 J @4 83; demand, 4 86J@4 86Y
was a little stronger, "with
Lackawranna, Reading and Union
Cables, 4 86f@4 87.
Commercial bills w*ere 4 81£@4 81|; Pacific leading the advance.
There
are
many
—
....
—
—
—
—
—
—
—
...
—
—
*
*
.
*
•i
v
—
THE
1887.j
24
December
OB RON I CLF
849
STOCKS—PRICES AT N. Y. STOCK EXCHANGE FOR WEEK ENDING DEC. 28, AND SINCE JAN. 1, 1887.
HIGHEST AND LOWEST PRICES.
Dec. 17.
Active RR. Stocks.
Atlantic & Pacific
Canadian Pacific
Canada Southern
Central of New Jersey
Central Pacific..
o
-
j
2d pref.
Do
Burlington & Quincy.:
Chicago Milwaukee &St.Paul.
Chioago
Chicago &
Northwestern
Do
pref.j
«fePacittc.
ChicagoSt. Louis & Pittsburg.
Chicago Rock Island
pref.!
Do
Chicago St. Paul Min. & Om..
CletelandCol.Cin.&Indianap.
Columbus Hooking Val.&Tol.
Delaware Lackawanna&West
Denver & Rio G.,assessnTt pd
Do
pref.
Va. & Ga. R’y.
1st pref.
2d pref.
Evansville & Terre Haute.... 1
Fort Worth <k DenverCity—;
Green Bay Winona & St. Paul.
East Tennessee
DoDo
10%
60%
5534
74's
^^
35%
35
434
5
6
127
*4
i
8
*4
127
74
130
112
*12
*37io
38 %
*5
127
*60
*22
62
23
44%
8%
21%
54
54
10
10
*60
62%
*21%
22L>
*88
; *S8
118
14
*13
45
90
94%
**95V
Long Island
89%
89%:
60**8
*88
39%
*35
93
Louisville & Nashville
1
60:%
Louis. New Alb. & Chicago...
39 %
Manhattan Elevated,consol.., *95%
59%
96
*50
22%
21
15%
45%
’
*8%
*18
-
60%
8%
S%
22%
!
Oregon
<s Trans-Continental.. i
Peona Decatur & Evansville,
j
Philadelphia A Reading
;
Rlohm’d & WestP’ntTermiual;
Do
prel
45%
46%
23
23
23%
20%
20%
I
20%:
*19
65%
66%:
65
22%
55%
22%!
21%
53%
RomeWatertown A Ogdensb’g
55%:
89 i *85
*13
Western Union Telegraph
Express Stocks.
77%
Adams
American
United States
Wells, Fargo & Co
7
4
77
*2
14%
*44
45
n
*44%
94%
*18
17%
86%
13%
94%
90
60
42
;
93%
*140
*140
105
*66
*129
145
107
68
132
68
*129
70
70
70
*
145
68
83
105
74%
35%'
4%’
7
j
35%
*3
7
*4%
133%'
129%
Shares
*10
*60
55%
74%
34
*3%
rr
7,345;
710j
l,55oi
75
1,262;
34%
4%
i
990;
5%
249,
I
*9
10
78
33
27%
35%
*16%
*8%
95
96%
51
51%
52
86
*82
86%
84
84
*18
{
18
36%
*16%
8%
103% 104%
7*h
8%
9%
:
17
1734
18%
17%
87%
18%
88%
10
77
68
34
i
17
8%
■8
40%
40%
40%:
22%
46
46
22%:
46%
1
*112
*58
•100
'2i%'
21
|
j
43%
25
.
55%
15%
28%!
43%!
35
35
73
*71
102% 102%
*45%
46
88
35
*
88
35
98
141
75 % 7 /
*140
*66
*129
145
107
68
132
*68
70
41
28%
36%
17
*16%
S%:
8%
28
28%
16
*14%
41
41%
37%
*
46%;
23%
21%
46%
22
22 34
22%
66%;
22%
53a4
64%
22
54
5434
;si%
89
35
68% 69
| 112 112
! *58
61
; MOO 102
!
00
25%
i
56
15%
27%
4334
28%
4334
15%'
24%
55%
15%
27%
43%
35%
71% 71%
102% 102%
45
45
35
96
"35%
20%
52%
*85
35
:
25
6S
34
46%
23%
20%
64 34
2 L%
35
68% 69
111
114
61
*58
102
100
*66
*32%
28%
22%
65%;
105%105%
24%
54%
15%
*27%
28
*14%
22%
i
60
103
34
21%
34%! *33%
69%
114%
28%
*85
34%
69%
*112
61
*100
*105
25%
25%
56%
15%
28%
56
*15%
2734
4334
43%
36
72
72%
102% 102%
k
37%
145
108
68
133
*68
*98
70
100
132
137
140
145
10534 10534
67
131
67
131
10,6911
20,9051
Chicago
130
*3%
*534
Do
pref.
Houston & Texas Central....
22
Marquette Hough. AO11.,prof.
Mexicans Central
».
j *15
*15
:
*9
*9
pref.J *31%
Do
Louis Alt. A Terre Haute..! 36
Louis Ark. A Texas
1
T
South Carolina
i
Whitebreast
!
Fuel Co
88
88%
%
26%
26
Columbus A Hocking Coal....;
Tennessee Coal A Iron
27
sted.)
;*rtous Stocks, Ac. (Uni isted.)
1
Anier. Cotton Oil Trust
Pipe Line Certificates
*
These
are
the prices bid
|
Min
4
29%
78%
|
^3,'
*97
*5
131
*75
300,
2,405
700
2 2 34
46 34
0,390
400!
21% 23,340
22 %
3,150;
66
225,180
25%
57%
*3%
6
6
1
*20
Q ~
,
26
84
[
*13%
214
*10%
Dec.
Oct.
Oct.
Dec.
64% Dec.
30% Dec.
24% Oct.
59
13
43%
74
34
33
36
33%
38%
12%
88%'
28
j
27
*8
11
88%
27%
28
88%
28%
28%
26%
*27%
79 %j
29%
79%
no
sale was made at the Board.
28%
81%:
28%
80%
28%
81%
28%
80%
1%
76
66
14
13
13
Oct.
Oct.
Oct.
Oct.
17
Feb.
6%'
8
3
May 19
Nov. 18
Nov. 17
Nov. 22
35% Apr. 12
May 23
Mar. 29
20% Jan.
14
3
Feb. 14
38% Feb. 14
23% Jan.
3
151 55% May 16
12! 34% July 18
18! 63% May 19
17 32% Apr.
4
13
1
Sept. 20
1
1
809
35
Sept, 21
600
30
67
Sept. 20
41 208
700
100
450
200
12%
400
3,400
35% Apr. 7
39% May 25
71% Nov. 16
53
Jan. 17
87% Jan. 17
May 26
June 2
June 20
May
May
May
May
22% May
38% May
63% Apr.
23
27
23
18
6
18
18
53% May
May
Nov.
May
May
Apr.
Feb.
May
19
19
25
31
19
7
8
23
Nov. 17
4 152
Aug. 5
14 118% May 14
Feb. 17 76
Aug. 31
June 6
Sept. 20 137
Jan.
Dec.
Oct. 14 74%
Dec. 19 102
Aug. 23 15%
Oct, 27 155
Aug. 31 104
7
Sept. 19
Sept. 19 10%
Oct 31 45
233
22
31
12
35
Feb.
10% Oct.
Nov
4% Oct.
23
30
10
7
Oct.
Jan.
22
Oct.
Sept. 16
Sept. 16
85% Nov. 14
10
800
21% Sept. 19
4,150
23% Oct. 11
28%
54
82%
t Ex-dividend and privilege.
31
9
19
May 26
200
34
39
29
11
20
5
19
18
18
2
Nov. 18
Feb. 14
Jan. 10
May 16
Feb. 19
Jan. 13
Jan. 14
Jan.
3
Sept, 29 100% May 27
11% Oct. 20 22
Apr. 9
9%
28
30
14
14
Jan. 17
1
29%
42
Jan.
Jan.
16
29
75
70
60 97
4
100
6 130
200 66
3
844
100
25 20
280 83
3%
1
21
33
5 139-
6
137
77
7
28
6ZOj 30
160 lu5
124 62
95 120
1
*33
*37
77
Sept. 20: 89
96% Sept. 21 j 106%
34
Aug. 26 54%
79% Oct, 13 105%
32% Sept. 21; 58%
310 89% Sept. 20 115
6224136 Nov. 9 159%
42,120 67% June 24; 81%
143
3
9
7
43
1,725'
2,357
1,000;
1,065
2,420;
*70
9%
13
14;
Sept. 20
Sept. 21
3,625! 23% Feb.
85
14% *13% 14
220
*214
12
*10% 12
934
33%
38%
19%
88%
14414%
12! 20%
13
14
17% Sept. 21
12
934
9%
Oct.
Oct.
41% Oct.
21
16
1281
*534
Oct.
34% Oct.
20
Apr.
May
Apr.
May
Apr.
Apr.
May
Apr.
2,700
17
and asked;
6%
17
700; 13% Feb.
16
28 34
70%
|
98
Oct. 18 95
Jan. 27 44%
1,215; 61% Fob. 2 84%
75 107
Oct. 13! 120
100; 55 Oct. 14 95
55! 99
Aug. 21114%
5U0 94% Oct. 171120%
4,415i 20
3
Feb.
35%
59.835 44
Oct. 17 63%
114
61
102
107
Jan.
14; 98% June
Sept, 20 99% May
Oct, 13 70% Apr.
Sept. 20 67% June
Dec. 13 161% Apr.
Oct. 19 64% Apr.
Aug. 1 95% May
6
Jan.
94% May
4 119
Jan.
May
23
Dec,
20% Apr.
Dec. 23 48% May
Dec. 10 34% Apr.
1 112
Nov.
May
89
106% 107
*67% 70
130
131%
*5
*130
*75
*3
4%
32
44,460; 20% Sept. 21
89%
35%
97%
137
78
17
22%
52%
102% 103
*44% 45%
99
6
6
22
*13% 14%
215
215
*10% 12
New York New Haven A Hart
Short Line
140
oO
Ohio Southern
Quicksilver Mining Co
70%
6%
A Alton
Chicin. Ind. St. Louis A Chic.
Cincinnati Wash. A Baltimore.
Oregon
70%
80
66%
34%
137| 14%
3601 7%
1 ,OOo| 24%
Inactive Stocks.
American Tel. & Cable Co
Boston A N. Y. Air-Line, pref.
Central Iowa
Apr. 11
39% Jan. 11
Oct.
85
84%
9%
68%
1,951 101%
5! 16%
41
143
105
68
129
Oct.
7,170
29
16
34%
71%
7
68
Sept 20 100
4
21% Feb.
62%
7% Sept. 21; 17
in
Oct, 18i 138
12
Sept. 20 27%
28% Dec. 23 47%
13
Sept. 20 24%
39% Oct. 17 61
13,710; 16%
8%
140
1
516
220
450
500
830
17
97
96
| 97
140% 140% 140% 141
6% 77 !
76% 77%
89%
35%
18
80
54%
30%
2,085, 92%
900' 45
35%
72%
11% Jan. 20
May 17
17 95
May 18
17 127% May 17
17427% June 7
17:153% June 7
lj 140% May 17
21 22
Apr. 22
27; 52% Apr. 22
17
54% May 17
47% Oct, 17
15,355
260
50
28%
8
Jan. 13
17
jan.
Oct.
Oct. 17 118% June
10,868, 89
600
89%
35%
97%
140 34 140‘%
77% 78
89%
35%
220
200
834‘
100
108% 108%
*16% 16 34
68
34
17
1434;
86
*67
*33
3634
28
65%
*9
77
28%
64%
36%'
1434
21%
53%
85%
34%
68%
10
77
108% 108%
*1634
28
20
*9
440
849;
6%
19
77
1,400
86%
6%
Nov.
12% Sept.
100
17%
87%
14%
20%
104
88
5
100
85
104
8P
19
13
12
15
Sept. 19
92,310 123% Oct. 14 139% June 1
435 20% Oct.
14| 32% Apr. 14
115! 52% Oct. 14 68%
June 4
~
855’
Jan.
9% Oct. 17 17
3*
117' 52
Sept. 21 82% Jan. 13
43
96
51
95
51
t
61%
18
17%
435
5,045
280
18%
87%
28
2034
19%
65%
22%
53%
60%
*35
Oct.
100; 35
2,100, 34
200,100
13
13
17 156
58| 137% Oct.
90
20
1434
20%
19%
64%
*88
86%
85
105
28
40
14%
*28%
*14%
Nov. 11
2,290:109
89%
45%
8%
44%
8%
120
! 118
118%
14%
13% 13%
1
28% 28%
15
14% 15
45
*44% 45%
9514
94% 95%
8%
96%
i
89%
44%'
44%
8%
*35
*16%
67%
i
9
*21%
90%
44
j *32
28%
| *63
17
22%;
*88
45
*9
10
*76
78
1 OS % 108%
36%
59
*3.>
94
51
*8%
10
59
22L>
62%'
90
61 %
42
87%
33
.8
14%
45
54
62%
22%
94%
*88%
60%
'100
20
19
87
.....
21%
i)o
10
3
703 no
114%'
14
i
24%
10
Nov, 11
23,633 104% Oct.
126% 128%
10
4
75%; 11,218; 69% Oct.
112%
107 i
140
Highest.
9% Oct. 14; 15% June
49% Sept. 20 68% Jan.
49
July 30 64% May
55% Jail.
3 86% Apr.
28% Oct. 141 43% Apr.
2
Nov. 11!
9% Jan.
3,882 123% Oct.
129
13%!
*13
55%
5%
74% 75 i 74%
111% 111% •111%
106% 107%! 106%
141
141
1 *139%
113
113% 114
Lowest.
450
7
129
Range since Jari. 1, 1887.
10%
62%
4
1
0
94%
89%
60%
89%
59%
9%
*76
105% 105% *105
J 32
87%'
108% 108%
16% 16%
67% 67%
55
89
77 3«
74
*118
14
*28%
*8%
66%
22%
*85
Bt. Louis & San Francisco
36
35% 35%
j *34
*69
Do
69
70%
pref
1 *68%
Do
1st prel % 12
114%
Bt. Paul <fc Duluth
62
*57
|
Do
102
102
I 101% 101%
pref
Bt.Paul Minneap. <k Manitoba 106
106
105% 105%
Texas & Pacific, ass. paid
25
25%! 24% 25%;
Union Pacific
!
55% 56%; 55% 56
Wab.St. L. <fcP.,P. Com. repts.J *15% 15%
15% 15%’
Do
pref.i
28% 28% ‘ 28% 28%
Wheeling & Lake Erie
j
43% 43%; 43% 43
miscellaneous Stocks. !
Colorado Coal <fc Iron
34
35%
34% 35
71
Consolidated Gas Co
71%
71% 71%
Delaware A Hudson Canal...; 103
103
! 102% 103
Oregon improvement Co
44% 46 j
Oregon Railway A Nav. Co... x8*% 88 %! 88
88%
Pacific Mail
35
35%
35% 35%
221o
‘90%
44%
I
83
104
21%
20
10
61
14%
45%
23%
56%‘
*53
1334
*28%
14%
93%
47
14%
41%
*8 %
9
| 118 34 119
118
*37
1
pref.
j
*53
*59
*21
*89
90^
44%
59%
42
96
......
46
62
126% 127%
*21% 22
j
*89
44%
94%
104% 104%
*8
9%
10
21
10%
61%
55%
126% 126%
21% 21L>
10%!
60
87%
pref
*13
•36
10
*10
60
*21 lo
*88
*18
21
Do
pref.
Missouri Kansas <fe Texas
i
17% 18
17% 17's
Missouri Pacific
87% 8 7%
i
87% 87%
*9
10
10
Mobile & Ohio
.V
*9
*77
78
Nash v.Cliattanooga&St. Louis
New York Central «fc Hudson. 108% 108% 108
108%
New Y. Chic. & St. L., new
!
Do
67%
1st pref.
67%
i
9’
*33
Do
2d pref.
New York Lake Erie & West’n
28% 28%
28% 28%
Do
pref.i *03% 64%
New York & New England...!
36
37%
36% 37%
New York Ontario & West....!
16% 16%
9
New York Susq. & Western... |
*8%
27L> 2 7 In
Do
pref.
16
Norfolk & Western
•15
16
j *15
Do
pref.i 40% 40 %: 40% 40%
Northern Pacific
! *22% 23 I 22% 22%
Do
21
118
*86
Minneapolis & St. Louis
113
*10
! Week,
*13
38
37
36% 36%i *36
39
39
38%
38% 38 34
39%1
39%
*106
107
*106% 108 !’ 106
107
;
53, ! *50% 52
51L, 511%
51% 51%
24,
24% 24%
24% 25%' 25% 26%
|
!
Memphis & Charleston
Miohigan Central
Ohio & Mississippi
140
112% *112
125% 126%
9
118
15
95
10%
60%
55 %i
74
i
Friday,
Dec. 23.
*
44%
*28%
*14%
*44%
94 %
73%
110%
106
14
38
Dec. 22.
*34% 35%’
410I
*3%
6%
6%:
5%
5%
12 7% 128%
73% 74% I
111% 111%'
105% 106%:
140% 140%
127%
38%
91
44M
*8 %
117
14%
pref
21%
*73
73%
35%
4%
6
*36
30
38 %
55%
*4
*126
10%
60%
55%
10%
60%
9
Sales
of the
Wednesday,! Thursday,
Dec. 21.
*7
73% 74%
73%
111% 111% 110%
105% 106% 105%
*139
140
140
*139
112
1 12
112
112%
131*2 *13
14% *12
Lake Shore & Mich. Southern.
Mil. Lake Shore & West
Do
10
10% 1
60% *60
55% !
55
74%
73%
35
*34%
5
*3%
9
6
127
*7
10%
Lake Erie «fe Western
do
*10%
60%
55%
73%
*36
39
38 *4
38%
107%
1061*2 1061*2 *106
53
*51
51% 51%
22
24
22
*23
1261*2 12718 126% 127%
44
81*2
Illinois Central
H7
Ind. Bloom. & West., ass. pd..j *12%
Kingston & Pembroke
| *28%
Do
Dec. 20.
74%
110% 110%
j 10G 1061*2
pref.
Do
Tuesday,
104
00 4
00 %
741*2
Tsip^::
Monday,
Dec. 19.
!
Saturday.
I
8TOCKS.
+
July 28
May 23
May 17
May
3
6
14
45% June
6
Jan.
Dec.
Feb. 12
Jan.
7
88%]Dec. 20
50
Apr. 27
54% Jan. 14
25
17
64% Jan.
3
82% Dee. 20
Lower price is ex-dividend.
THE
850
CHRONICLE.
fVoL. XLV
BONDS—LATEST PRICES OP ACTIYE BONDS AT N. Y. STOCK. EXCHANGE. AND RANGE SINCE JAN. 1, 1887.
Closing.
Atl. <fe Pac.—W. D. inc., 6b,
Guar., 4s, 1937
CaD. South.—1st guar., 5s,
Range since Jan. 1.
26*4
81%b.
253sb.
1910
1908 106*2
26,5b, 1913
!
91
76
107
91
b. 75
Lowest.
Highest.
23 % Oct.
3838 June
90
Jan.
803* Sept.
June
Sept. 109
87% Sept.
95*2 Jan.
b.
b.
80
94
Aug.
!106%b. 107*4b. 104*2 Aug. 110
Adjuet. 7ft, 1903
li 13
Convert, deli. 6ft, 1908..
Geneial in< r’.. f s, 1987
'101
160%
95
Il03
jUO
b. 116%
i
119
105*4 Jan.
83% Jan.
111
b. 109
b. 103 %b. 99
110*2
108*2 June
Sept.
Sept.
Jan.
116
101
116
Nov.
Dec,
Feb.
106*2 May
118% Mar.
113*2 Feb.
111*2 Feb.
114
b. 115
101 -U
May
Jan.
June
118% June
b. 107*2 Jan.
b. 109
Jan.
113%{).
b.
116
105
107*8 Nov. 115
*68 b. 66 St pt. 81
69
2*
| 62
Oct.
75*4
24 78
14
Nov.
32
88
Dec. 100
Feb. il08*2
Ches. O. A bo. W.—5-6s, 1911... jl<*3%b. *105 a. 101
101 %b. 101
Oct.
Chic.Bur. Ai Nor.-lst, 5s, 1926. !ioi%
101%
107*2
Chic. Burl. & Q —Deb. 5ft, 1913. 163 b. 103%b. 102% Nov. 108*2
93% a. 93*4
Oct. I 99
92
Dem er Divis., 4a, 1922
9 i %b.
94
Chic. A Ind. Coal R., let, 5s, ’36
Sept. 103*2
Oct. 1122*2
Cli.Mil.A bt.P—let, I. A M.7b,’97 117 b. 118 (j. 117
125*2b. 120*4b. 124
Nov. 130%
^Consol. 7ft, 1905
Ill
b. 113 1) 111*4
.119*2
Land grant Oa. 1890
Cbee. A O.—Pur. m. fund 6a, ’98 107
6e gold, Bor. B, 1908, coup, otl
-0 00
Extern coup., 4s, 1986
24
6s,currency, 1918 ..
90
Molt. 6h, 1911
2 00
July
b.
,
....
1st, So. Min. Div.—6b,1910—
lftt, Chi. A Pac.W.Div—5b, ’21
103*4b. 102
June
Mar.
June
Jan.
Jan.
Jan.
Feb.
June
Mar.
Apr.
.fan.
June
Jan.
June
June
Dec. 109
Jan.
W is. A Min. Div.—5b, 1921.... ioi i>. 101 %b. 100
Oct. 1108
May
101 %b. 101
Terminal 5s, 1914
Oct. 1105% May
139
*138
b.
136
Nov. 142
Jan.
Chic. A N. W.—Consol. 7a, 1915
125*2b. 125%b. 124*2 Dec. 133
Jan.
Gold, 7b, 1902
120
b.
117
Sinking fund6b, 1929;.i.
May '120*2 Sept.
Iu8
105*2 Nov. 1110*2 Mar.
Binkingfund 5b, 1929
Sinking fund debent. 5s, 1933 107 b. I077eb. 106 Nov. 1110*4 Mar.
103
b.
103 *4b.
102*2 Nov. j 109*4 Apr.
25-year- debent. 5s, 1909
Jan.
Chi. K. I. A Pac.—6b, coup. 1917. 133 b. 134 b. 128% Sept. 135
10ft *2
109%
107
Extern A col. 5b, 1934
July 1110*2 Feb.
117%
116
Ch.8t.P..M.& O.—Consol. 6b. ’30 117
Sept. i 12478 May
il2I%b. 121 b. 122
Oct.
127*2 J:iU.
Ch.St.L.A Pitts.—1st,con. 5b,’32 100 b. 100 b. 98% Jan. 102
Feb.
109
C. C. C. A Ind.—Gen. 6b, 1934 .. 108%
104*2 Oct. 111 *2 May
Col. Coal A Iron—let, 6b, 1900.. 97 %b. 99%
95
Oct.
104% June
71%
60
Col. H. Val. A Tol.—Con. 5b, ’31
Sept. 887e Jan.
72%
Gen. gold, 6b, 1904
91
63*2 Oct.
Jan.
..
ll8%b. 118*2 Feb. 121*2 June
78 %b.
75*2 Oct,
82% June
b. 70
73 b. 73
Sept. 82 Apr.
Denver & Rio Gr.—lBt,7a, 1900
1st
con.
4b, 1936
Den. A R.Gr. W.— 1st, 6s, 1911.
66 %b.
68
Assented
64
Den. So. Pk. A Pac.—1st, 7s, ’05 75 b.
68
35
33%b.
29
Det.Mac.A M.—Ld.gr.3%8,1911
95%
E.Ten.V. A G. Ry.—Con.,5b, ’56 95*2
91*2
95
Eliz. Lex. A B. Sandy—6s, 1902. 97 a. 96%
129
Erie— let. consol, gold, 7s, 1920 133%b. 135%
109 %b. 110 b. 110
Long Dock, 7s, 1893
117 a. 117 a. 115
Con. 68,1935
97
N.Y.L.E.AW—2d con. Cb, 1969 96%
93%
Funded coupon, 5s, 1969.
84%
80
79%
Ft. W. A Denv. C. -1st, 6b, 1921
76
Qal.Har.A San. Ant.—1st, 6s, ’10 104%b. 105 b. 102
b. 105 %a. 105
104
2d M.,7b, 1905
West. Division—1st, 5b, 1931.
91*4
........
2d, Is, 1931
Gr’nB. W. A St. P.—1st, 6s, 1911 i o"6 b. 99
2d income 8b, 1911
j 31 b. 30
Gulf Col.A San.Fe—1st,7s, 1909 llu%b. 121
97
108
Gold, 6b. 1923
.
b. 10b%b.
b. 114 b. 1112
1I2%b.
108
1st, West. D„ 7b, 1891
112 b. 113 b. 113
1st,Waco A N. 7h, 1903
a.
110 a. 112
2d, consol. M. L. 8b, 1912
94
Gen. mort. 6», 1921
05 b.
55
Ind.Bl. A W.— lst,pref.,7s, 1900 112 b. 112 b. ,119*2
91
b.
86
1st, 5-68,1909
2d, 5-tis, 1909
7i%a. 72 a. 70
Eastern Division—6b, 1921...
88
b.
88
19
b.
19
b.
Income, 6ft, 1921
19*2
Int. A Gt.Ni r.—let, 6ft,gold,’ll 108 b. 109 b. '108
79
b.
78%
Coupon,6ft, 1909
77*2
Kent. Centr.—Gold 4b, 1987
72%a. 71
64
91
Knoxv. A O.—1st, 6b, gold, 1925
92
b.
%b. 89*2
129
a.
LakeSli.— C« n.coup.,1st ,7b,1900 127 b.
124
121 *4b. 120
Con. coup., 2d, 7b, 1903
121
1 lb%b. 119
no
b. 112
1st, consol., os, 1931
Lou. A Nash.—Consol., 7b, 1898
N. O. A Mobile—1st, 6s, 1930.
2d, 6s, 1930
E. H. A N
1st, 6s, 1919
General, 6b. 1930
Trust Bonds, 6b, 1922
10-40, 6b, 1924
Lou. N. A. A Ch.— 1st, 6p, 1910.
Consol., gold, ♦ a, 1916
120
a.
110*4b.
b.
1).
90
112
—
107 %
100
b.
114
b.
92
Mem. A Ch’lston—6s,gold, 1924
Metro. Elevated.—1st, Os, 1908.! 119
119
a.
|105
r.5%1*).
,10:)%
115
Pac. of Mo.—1st, 6b, 1888...
2d mort.. 7s. 1 W4,l
b.
j1...
102*8b.
...
86% June
Dec.
Jan.
115
120
Feb.
Oct.
1047s May
b. 110
119%
118
llO%b. 105
98
b.
907s
112%b. 112
109%
107
107 %a. 104*2
100
b.
98
116
a. 109
91
b.
90
ICO
117 a. 113
b. 104
105
51
22 a.
19*2
124
il(j%b. 109
115
b. 115
Mar.
Mar.
95*4 May
Dec,
98*2 May
Dec." 109% Nov.
June 111
Jan.
Oct. 100*8 Jan.
92*4 Feb.
Oct.
Oct.
109
53
Aug.
125% June
106% June
Mayr
May
110
Feb.
Sept. 119% May
Mar.
Feb.
Feb.
Oct,
119*2 May
11934 May
112
99
Sept.
Sept.
Nov.
Jan.
Oct.
Aug.
Dec.
Dec.
Apr.
Jan.
Jan-
July
Jan.
Jan.
Jan.
Jan.
Sept.
Aug.
May
89*2 June
9S% May
Oct,
Nov.
May
79% May
124*4 Feb.
Jan,
Aug.
118*2 Dec.
'
Mexican Cent.—New ass. 4s
Incomes, 3s. 1911
Mich. Central—1st, eon., 7b. ’0‘.
1
b.
Jan.
Sept. 56 • May
Sept. 1013s Apr.
Sept. 108 Jan.
Sept. 137 June
90% Dec.
Henderton Br.Co.—1st. 6b, 1931
114
H. & Tex. C.—1st M. L. 7a
Long Island—1st, 7s, 1898
78
Sept.
Apr.
92*8 Jan.
b. 97
b. 28
b. 118
96 %a.
n.
347s Apr.
122
98
78
100
129
M;ir.
Feb.
July
Jan.
June
126*2 May
125
115
Sept.
113*4
99*2
11738
114*2
June
Feb.
121*2 Feb.
May
May
May
May
109
103
Apr.
115 *2 M ay
99
June
107
May
Sept. ■120*2 May
Dec.
Feb.
113
Apr.
j 75% June
Sept. ! 27% June
Nov. 131
Apr.
Dec.
Nov.
.102*sb. 100*4 Aug.
1(W %b. lof**Q July
119
126
105
A'Hbuma—Class A 3 to 5
Class B, 5b
1
,
Ask.
1906
1906
Class C, 4b
1906
6b, 10-20...
1900
Aikam-as—Ob, funded.. 1899-1900
7b, Little Roek A Fort Smith, iss.
7ft, Memphift A Little Rock, iss..
7b, Arkansas Cential RR
Georgia—7b, gold
1890
Louisiana—7b, cons
1914
Stamped, 4b
Bid.
Lowest.
11<
% Juue
Imp. A Equip.—6s, 1922
73*8
K.ATex.—-Con., 6s, 1920... 74
63
Consol., 5s, 1920
63„%
105*2
106*4
Consol., 7s, 1904-5-6
Mobile A Ohio—New, 6s, 1927
105 b. 107 b
1st, Extension, 6b, 1927
1st pref. debentures, 7s
42 b. 43 b.
Mutual Urn Tele.—S. f., 6s, 1911
82*2 I 82%
Nash. Ch. A St. L.—1st, 7s‘, 1913 129 b 12o*2b.
N.Y. Central—Extend., 5b, 1893 104*4
1037s
N.Y.C. AH.-lst, cp., 7b, 1903 *3h% 113634
Debenture, 5s, 1904
It 8 b. 110834 b.
N.Y. A liar.—1st, 7b, 1900....
N.Y.Cliic.ASt.L.—1st, SB, 1921.
Construction, 5b, 1923
b. 168
b.
........
9i“"
1st refunding, 5s, 1937
91
Midland of N. J.—1st, 6s. 1910 111
109%b
N. O. Pacific—1st, 6s, 1920
75”*rtb. 75%
117 b. 118
•
102*a
89%
113%
■
Dec.
114
108
May
Oct.
60*2
j 32*2 Dec. ) 89
! 125
James R. Val. - 1st, 6s, 1936..
N. Pac.Ter.Co.—1st, 6s, 1933...
Ohio A Miss.—Consol., 7s, 1898. 117
109
2d, consol., 7s, 1911...
Ohio
Southern—1st, 6s, 1921.
2d, inc., 6s, 1921
Oregon Iinpr. Co.—1st, 6b, 1910
Ore. R. ANav.Co.—1st, 68,1909
Consol., 5b, 1925
Oregon A Transoom—6b, 1922..
Peo.Dec. A Evans.—1st, 6a. ’20.
Evansv. Div—lat, 6a. 1920...
Rich A All.—1st, 7b, 1920, tr. rec
Riehin. A Dan.—Cons., 6s, 1915
Debenture, 6b, 1927
Roch. A Pitts.—1st, 6b, 1921...
..
105
•
^.|'106*2
Jan.
i 100
July
a,
b. 117%b. ,114
Oct.
b. 113%
i 111 *2 Oct.
.
Springfield Div.—7b, 1905
106%
106*2 Dec.
105 %a. 102
102
Feb.
32
30%b.
934 Dec.
•
93
b.
94
b
89
Sept.
110%b. 110%b. 108
Jan.
97
V>7 a. 96*2 D-'C.
90 b.
91%
89% Dec.
168 b. 112 a 109
Nov.
102
57
112
110
117
a.
110
b. 117
a.
a.
T
»
-
111
1123
119
10278 May
112
May
106
2d mort., 7s, 1897
108 b. 108 b. 108% Dec.
92 %a.
Gen. Ry. A land gr., 5s, 1931.
92 %a.
89*2 Oet.
St. L. A San Fr- 6b., 01. A,1906 112%b. 112 b. 109
Sept.
112 % c. 112
b. 110% Nov.
6b, Class B, 1906
112%b 112 b. 110*2 Nov.
6b, Class C, 1906
Gen’l mort., 6s, 1931
114%b. 114%
108*2 Feb.
Gen’l mort., 5s, 1931
101%!). 102
j 97 *2 Sept.
So. Pac., Mo.—1st, 6s, 1888... I02%b. 10278b. 100
July
St. Paul M. A M.—lBt, 7s, 1909. 112 b. 112 b. 110*8 Jan.
116 b. 112*2 Oct,
115%
2d, 68,1909
117 a. 116
1st cons., 6s, 1933
114*2 Sept.
Do
98 %b.
99
a.
reduced to 4%s
,
9.8 Feb.
Shenandoah Val.- 1st, 7b, 1909 91%b.
94
b. 92 *2 Nov.
Gen’l mort., 6b, 1921
35
a.
34%a.
! 32
Sept.
So. Carolina—1st, 6s, 1620.
95% 6. 95
95
Oct.
63 b.
2d. 6s, 1931
65
May
12
b.
13
b.
Inc., 6b. 1931
13
Sept.
108*2 Oct.
Feb.
105% Jam
i). ! 43
66*4 I 53
08
l». :
-15
Rio Grande Div.—6b, 1930....
6578
Gen. mort. A term., 6s, 1905..
55 b.
56
1
Tol. A.A. A N. M.—1st, 6b, 1924.
89%
89%b. 89
Tol. A. A. A Gr.Tr.—1st, 6b. 1921 101
b. 102
b. 100
Tol. Peor. A Wes:—lat, 7b, ’17
80 b.
70
Tol. A Ohio Cent.—1st, 5s, 1935 «Ul,h i
91
TobSt.LA Kan. C.—1st,6s, 1916 91 %a.
91*2
;116 b. 116*4!). 114
Land grant, 7s. 1887-9
lo2 b. 102
1). 102
Sinking fund, 88,1893
113% 6. 114 b. 110
Kan. Pacific—1st,6s, 1895.;..
109*2
.
1*08 %b*. 10*8 %i>'.
1st, 6s, 1896
Denver Div.—6a, 1899
1st consol, 6b, 1919
101
b.
101
2d, extended. 7s, 1893
Com, couv., 7b, 1907
Great West.—1st, 7s, 1888
2d, 7b. 1893
West. Shore—Guar.
Apr
Apr.
Apr.
Apr.
JuneJune-
Jan.
Junto
Apr
Jan.
Jan.
114*2 Mar,.
99
Jan..
115*2 Jan..
117
Apr.-
ll?^ Apr115
May
101*2 Junto
104*2 Jan118
121
Apr-
109
55
May
May;
Mar„
120*4 May
101*2 May
107*2 Jan80
Jan...
28*2 Jan.
115
July
112
Apr.
110
Junto
i 66 *2 Feb,
Sept.
Sept. : 78*2 May
Sept. 72 Apr,.
Jam 1100
May
Oct.
Oet.
Oct,
Dec.
Jam
Jam
Nov.
109*2 Junto
112
Feb.
|' 99% Jan.
975a June-
119 % Mar.
103*2 May
Feb.
May
Mar,,
117*4 Apr.
Nov. :109
AprOct. 1107*2 Jan.
99
Oregon Sli. Line -lat, 6s, '22.. 100%
95
160%
Virginia Mid.— Inc., 6s. 1927
95
Geu’l mort., 5s, 1936
70 1).
78
75
Wab. St.L. A Pac. Gen., 6b, ’20 48 b. 49 b.
49
9 • *4
Chicago Divison—5s, 1910...
99
89
90
b.
85 b.
W’abasli—Mortgagees, 1909.
82
Tol. A Wab.—1st, ext.. 7s, ’90 no b. Ill
b 110
1st, St. L.Div.. 7b, 1889
109 b. no b. 106
-
June*
Feb.
112*2 May
104*8 Mar.108*2 Apr.
Sept. !120
Sept. 115
108*2 Sept. 115
113
Apr.
Mar...
:
"*4*«’>:%*‘
Jan.
120
117
Oct.
110
Apr.
Jan.
112*2 Apr.
111 % Apr.
50*2 May
75
July
Aug. 116
Sept. 1123s
2d., M., inc., 7b, 1894
10258b. 10258b. ;103
Nov. 1108
Dividend bds, 6b, 1894
35
b.
40% I 33
Oct. i 48
St. L. Ark. A Tex.—1st, 6b, 1936
97
%b.
9758b.
95*2 Sept, \ 10238
41
6.
41% j 35
2d, 6s, 1936
Sept. j 55*4
St. L. A Ir. Mt — 1st, 7b, 1892... 108%b. 169 b.
|l07 Sept, 115
110%
May
107*2 Junto
June*-
Oct.
.
..
Mar.
8ept. 115
! 114
Feb.
Feb.
Jan.
Dec.
........
Pac., Cal—1st, 6s, 1905-12..
Pac., Ari.—1st, 6s, 1909-10..
Pac., N. M.—1st, 6b, 1911.
Tex. A Pae.—Inc. A Id gr, 7b, ’15
Jan.
Jan.
Apr.
Apr.
Jan.
Apr.!
Rept„
Mar.
107*2 Mar.
i
104*2
115*2
b. 102%b. 101
Dec. 1112
57
b.
b.
55*4 Oct. 1 77
109 b.
109
106
b. 114
Consol., 6b, 1922
lll%b.
108
108 b 106
RomeW. A Ogd.—1st, 7s, 1891.
102 7b
1027s
Consol., extend., 5s, 1922
93
St. Jo. AGd.Isl.—1st, 6b, 1925
97 b.
977e
92
40 b.
40 b. 65
2d, income, 5s, 1925
St. L. Alt.A T.H.—1st, 7s, 1894. 115%b. 1L4 6 ,113
110 a.
2d, M., pref., 7s, 1894
•107
So.
So.
So.
May
Sept. ’131 Apr.
; 103
Aug. 107*4 Apr
! 130*2 Sept; ; 137*2 Nov,_
106
Mar. IllO^ June*
.127% Oct. ! 133*2 Apr,
! 85 Jan. ; 101*2 May
99 May
j 70 Jan.
I 58
Sept. ! 80 Apr.
123
110% Sept.
Jan.
; 124 % Oc t.
; 128% Deed.
.106
Sept. 110 Jan.
! 106
Sept. 1105s Feb.
! 69 Feb. I 77 Apr.
! 87
Oct.
96*8 May
! 107
Aug. 115*2 May
I 69*2 Sept. ! 86*8 May
! 113*4 Sept. i 118*2 Apr.
I00%b lol%b.i! 96% Oct.
Gen’l, 2d, coup., 1933
Apr. j 99
Oct. j 90
Jam I 60*4
Feb. 104*4
Aug. 97
Nov. 117*4
116
J an.
90
b.
85 b.
90
Dec. 108
S7 b.
80
99
Oct.
no b. 109
Jan. 117*2
90 b.
91
a.
93*2 Nov. 107
112 a. 111
a, 109
Mar. 114*4
!!••!%
101% ! 97
Sept. 10438
Jan.
Apr„
May
May
May
May
May
May
May
May
May
July
Junto
BONDS.
Bid.
or
1890
1892
1893
Noitli
Car.dii.a-6s, old
JAJ
Funding act
1900
New bonds, J. A J
1892-1898
Chatham RR
Si ecial tax, Class 1
C« n6o:idated 4s
1910
ftc
IOII'
.
68*2 Doc.
60
Dec.
103
Nov.
Oct
.
118 *eb.
118%
12o b. 12ft*2b.
107 b. S ,07 b.
N. Y. Ont. A W.—1st. 6s. 1914.. 10S
N.Y.Sus.AW.—Deb.,6a,!’97,cp.oil
123
121
133
90
Deo.
105
104
40
Jan. J,
Highest,
Aug.
i 50
..
due 1889
6b, loan
'128%a. '110
2d mort., 6s, 1923
N.Y. City A No.—Gen., 6s, 1910
N.Y. Elevated—1st. 7s, 1906
N. Y. Lack. A W.—1st, 6s, 1921.
since
b. 117*2 Nov.
b. 114
Jam
Mo
SECURITIES.
New York—0b, loan
a. 120
b. 11<5
W.—1st, 0s, 1921. 121
50
Asylum or University, due 1892
Funding
1894-1895
9i*3! 91%
Dec. 16 j Dec. 23
Michigan Div.—1st, 6b, 1924.. 115
Apr.
Missoi ri—6a
105
100
Range
Minn. A St. L.—1st, 7b, 1927
Apr.
Jan.
STATE
SECURITIES.
Mil. Lk.Sh. A
104
lll%b. 112
lll%b. 112
Closing.
Railroad Bonds.
Dec. 16 Dec. 23
i
Railroad Bonds.
104
109
no
115
Ask.
,
.
.2.
....
10
12
9
12
94%
95
11 w
Bid.
Rhode Island— 6p, cou.. 1893-1894
South Carolina—6b, non-fund. 1888
Biown consolidated 6b
1893
Tennessee—6s, old..
1892-1898
Compromise, 3-4-5-68
1912
118
35
SECURITIES.
V2*?
New settlement— 6s
5b
3b
Virginia—6b, old
6s, consolidated bonds
6s, consolidated, 2d series
trust
rpp
1913
1913
1913
115
5
108
60
70
100
Ask-
7
*6*2%
74
99%
721 73%.
48
'.
60
8%
10
December
THE CHRONICLE
24, 1887.1
BONDS—STOCK EXCHANGE
Bid.
SECURITIES.
Registered
Boat. H. Tun. & W.—Deb. 5s... 1913
SECURITIES.
Det. Bay C. & Alp.-lst,
E. Tenn. Va. A Ga.—1st,
Divisional
123
i
98
97
104
83
1st 7s —1909
Ced. Rap. I. F. A N., 1st 6s. 1920
1st 5b
...1921
..
105
90
Buff. N.Y.& Phil.—Cons. 6s... 1921
Trust certificates
General 6s,
1924
110
98
40
•{Jen.l’wa— East’n Div. ,1st,6s 1912 *56
Illinois Division—1st 6s
1912
45
Cons, gold bonds.
<Cent. RR. A Banking Co., Ga.—
Collateral gold, 5s
98^1100
1937
98
•Ches. A O.—6s, gold, ser. A... 1908
<11108. O. & So. West.—2d 6s... 1911
■Chicago & Alton—1st, 7s
1893 115
Sinking fund, 6s
1903 123*2 125
Louis. & Mo. River—1st 7s.. 1900' 119
2d7s
..1900
St. L. Jacks.& Chic,—1st, 7s. 1894
1st, guar. (564), 7s
1894
2d mortg. (360), 7s
1898
2d,
117
114*2
114*2
D.—1st,4s. 1905
83
lst,2*2s
1
96
109*2
1905
87
60
1923
107%
Extension, 4s
Keok. & Des M.—1st, 5s
^Central of N. J.—
118
......
105
117
110
112*2 117
!005a 101*2
127*2
......
102
133
103
90
117
107
135
105
.....
*17
106
104
il8*’ il9"
*108
■Lake Shore A Mich. So.—
Registered
Des Moines A Fort
1920
1897
Indianap. I). A Spr.—
1st, 7s, ex. fund, coupon.... 1906
iLake Erie A W’n—1st, g., 5s..1937
*1*3*4**
1934
Ext. A Col., 5s
mortg., 6s
Erie—1st, extended, 7s
2d, extended, 5s
Dub. A 8. C.—2d Div., 7s ...1894
Ced. Falls A Minn.—1st, 78.1907
■••••«
130
109
Registered
1st
Registered
115
115
94
1926
Eliz. O. A N.— S.f., deb., 6s. ..1921
.
120
SECURITIES.
Bid.
Cleve. P. A A—7s
1892
Buff. A Er.—New bonds, 7s. 1898
Kal. A W. Pigeon—1st, 7s...1890
Det. M. A T.—1st, 7s
1906
Lake Shore—Div. bonds, 7s.1899
Consol., reg., 1st, 7s
Consol., reg., 2d, 7s
1900
1903
Mahon’g. Coal RR.—1st, 5s.1934
Long Island RR.—
N. Y. A M. Beach—1st, 7s.. 1897
N. Y. II. A M. B.—1st, g., 58.1935
80
Gold bonds, 6s
1897
Cal. A Oregon—1st, 6s
1888
Cal. A Oregon—Ser. B., 6.1892
Molt. bond. 6s
1
West. Pacific— Bonds. 6s
1899
No. Railway (Cal.)—1st, 6s. 1907
Union Pac.— 1st, 6s
1896
1st, 6s
1897
1st, 6s
1898
Col. Trust, 6s
1908
Col. Trust, 5s
1907
C. Bp. U. P.—F. c.,7s .....1895
Atcli. Col. A Pac.—1st, 6s. 1905
Atch. J. Co. A W.—1st, 6s. 1905
Ut. So.—Gen., 7s
1909
Exten., 1st, 7s
Missouri Pacific—
Verd’s V. Ind. AW., 1st, 5s 1926
119
Ler. A C’y Val A. L„ 1st,5s. 1926
St. Louis A San Francisco—
1st, 6s, Pierce C. A 0
1919
94
117
L10*s
118
Equipment, 7s
1895
Kan. City A S.—1st, 6s, g.1916
Ft. 8. A V. B. Bg.—1st, 6s. 1910
St. L. K.ASo.Wn.—1st, 68.1916
Tex. A Pae.—1st, 6s
1905
1st, 6s, ex coupon
Consol., 6s, trust receipts. 1905
115*2 Pennsylvania RR.—
Pa. Co.’s guar. 4*23, 1st cp..1921
112*2
I’a. Co.’s 4*28, reg
1921
85
I’itts. C.
oj
101
102*2
103% 103 7a
*74
na
ASt.L.—lst,cp.,7s. 1900
Pitts. Ft.
116*2
116*2
m
116*2
102%
9
*102
*102*2
112% 115
118**
k
ii5
116
115*4
115%
*106*2
*
95
104*s
105
100
105%
r
92*2
91
1909
99
107*2
Ask.
110
*
Paei-te RR.-Ceutral Pacitlo—
Gold bon Is, 6s
1
Registered
-
Nebraska Exfensinn 4s
1 <27;
-Cldc. Burl. A No.—Deb. 6s
189(5
Chi. R. Isl. A Pac.—6s, coup.. 1917
109
illan. & St. Jos.—Cons., 6s
1911
illous. E. A W. Tex—1st, 7s... 1898
62
Illinois Central— 1st, gold, 4s. 1951
1st, gold, 3 *28
93*2
1951
Springf. I)iv.—Coup.,..6s, 1898
Middle Div.—Reg., 5s
1921
C. St. L. A N. O.—Ten. 1.,7s. 1897 114
1st, consol., 7s
1897 114
2d, 6s
1907 ■116
Gold, 5s, coupon
1951
(188), 7s
1898,
Miss. R. Bridge—1st, s.f. 6s. 1912! 106*2
<£hic. Burling. A Q.—Cons. 7s. 19031 131*2 132
5s, sinking fund
1901!
IOwaDiv. Sink, fund, 5s.. 1919'
95%
Sinking fund, 4s
1919;
Plain, 4s
1921 j
guar.
1930
os
Buff. A S. W.—Mortg. 6s
1908
Evan. A T. H.—1st, eons., 6s. 1921
Mt. Vernon—1st, 6s
1923
Evans. A Indian.—1st, cons...1926
Eureka Springs R’y, 1st, 6s, g.1933
Fl’t A P. Marq.—Mortg., 6s... 1920
Grand Rap. A Iud.—Gen. 5s..1924
Trust certificates
-
Ask.
BONDS.
6....1913 108*2 109*2
7s... 1900 120
1919
3d, extended, 4*28
1923
4tli, extended. 5s
1920
5th, 7s
1888
1st, cons., fd. coup., 7s
1920
Reorg., 1st lien, 6s
1908
B. N. Y. A E.—1st, 7s
1916
N. Y. L. E. A W—Col. tr., 6sl922
.
-
Bid.
; E. A W. of Alabama—
1st, cons., gold, 6s
105%
^BrooklynElev.— 1st, G., 6e...l924:
84*2
1915'
2d, 3-5s
Burl. Ce. Rap. & No.—let, 5s. 1906 104*2
95
Consol. A col. tr, 5a...
1934
Registered
Minn. & St. L.—1st 78, gu .1927
Iowa C. & West.
QUOTATIONS ON FRIDAY OF INACTIVE RAILROAD
Ask.
Railroad Bonds.
(Stock Exchange Prices.)
Ateb. Top. & San. Fe—4*2B ...1020
Sinking fund, 6s
1911
Beech Creek-1st gold. 4s
1936 ‘78
Balt A Onio—1st6s, ParkB ..1919
5s, gold
1925 105
851
9
94
k
95%
105
k
105
105
*
.....
*
.
98
98
99
106 :?8 107
103%
......
*117
•••mmm
1G1Q
W.’ A*C.—1st* 7s"."."l9l2 i iL
2d, 7s
3d, 7s
1912 139
1912 '132
{
|
Clev. A P. —Cons., s. fd., 7s.1900
4th, siuk. fd., 6s
1892 *107 **2'.
110
119
106
St. L. V. A T.
H.—1st, g., 7s.1897
2d, 7s
1898
2d, guar., 7s
1898 105
Pine Creek Railway—6s of 1932
Pitts. Cleve. A Tol.—1st, 6s... 1922 *108
.Pitts. Junction—1st, 6s
1922
Pitts. McK. A Y.—1st, 6s
1932
72*o
Pitts. A Western—1st, g., 4s.. 1917
Rich. ADanv.—Deb. ex cp.6s. 1927
Consol, mort., gold, 5s
1937
Atl. A Cliar.—1st, pr., 7s
1897
120*2
119
125
121*2 123
101
74*2
Louisville A Nashville
Cecilian Branca—7s
1907
110
General mortg., 5s, reg
98*4
Pensacola Div.—6s
IPS
1920 100
Incomes
1900
Oaic. Milw.A St.P.—lst,8s,P.D.’98 128
St. Louis Div.—1st, 6s
1923 * 112
Rich. AW. Pt. Ter’l. Trust 6s.. 1897
85%
2d, 7 3-1 Os, P. D
1898 120
2d 3s
59
1980
San Ant. A Arans. — 1st,6s,’85-1916
1st, 7s, $g., R. D
1902 127*2
Nasliv. A Decatur—1st, 7s.. 1900 120
92
1st, 6s, 1886
1926
1st, La Crosse Division, 7s.. 1893 117
117*2
S. A N. Ala.—S. f., 6s
1910 405%
Scioto Val.—1st, cons., 7s
1910
1st, 1. & D., 7s
:
1899 118*2
Louisv. C. A L.—6s
1931
50
65
Coupons off
1st, C. A M., 7s
1903 126%. L30
5 p. c. 50 year goldbds
1937
99*2 St. Louis A Iron Mountain—
125
1st, 7s, I. & D. Ext
126
1908
Pens. A At.—1st, 6s, gold.. 1921
94
95
l
Arkansas Branch—1st, 7s.. 1895 108
109*4
1st, S. W. Div., 6s
,1909 111
Lou. N. O. A Tex.—1st,4s
1934
Cairo A Fulton—1st, 7s
1891 107% 109
1st, 5s, La C. & Dav
1919
2d mort., 5s
1934
Cairo Ark. A T. —1st, 7s.... 1897 Iu7*t!l03*4
1st, H. A D., 7s
1910 119
Mich. Ceut.—1st, con., 5s
L10
1902 108
St. L. Alton A Ter. Haute—
1st, H. A D., 5s..
9s*2 100
1910
6s
190!*
I Bellev. A So. Ill.—1st, 8s. ..1896 117
118
Chicago A Pacific Div., 6s..1910 *118*2
1931 i*o*6*
Coupon, 5s
! Bellev. A Car.—1st, 6s
110
1923
Chic. A Mo. Riv. Div., 5s ..1926
975^ 98
Registered, 5s
1931
St. Paul Minn. A Man.—
Mineral Point Div., 5s
1910 102
Jack. Lan. A Sag.—6s
106
1891
Dakota Exten.—6s
1910 115*4 116
C. A L. Sup. Div., 5s
! Milwauk. A
1921
North;-1st, 6s... 1910 105
107*2!
Montana Exten.—1st, g.,4s. 1937
83
123 !
Fargo A South., 6s, Assu ...1924
Extension, 6s
1913 i 04 *2 .05
i
Rerisiored
1
Inc. conv. siuk. fund 5s
1916
Milw. Lake S. A West.—
Min’s U11.—1st, 6s
1922
Dakota A Gt. South., 5s
93
101
1916
Conv. deb.. 5s
90
1907
95
j St. Paul A Duluth—1st, 5s
1931 llo
Chicago A Northwestern—
Ashland Div.—1st, 6s
115
1925
117*2 Sodus Bay A So.—1st, 5s, g...l924,
Extension bonds—4s
‘
93
94
1926
Minn. A St.L.—I’a Ex.—1st,7s 1909
107*2 Tex. Central—1st, s. f., 7s
80
1909 * 60
Ext. registered
93
2d mortg., 7s
I
60
1891
1st mortg. 7s
70
1911
Escanaba A L. S.—1st, 6s... 1901
::::::
Southwest Ext.—1st, 7s
1910
116
'I
1905 112
I Tex. A N. O.—1st, 7s
Des M. A Minn.-1st, 7s
1907
Pacific Ext.—1st, Os
1921
95
Sabine Division, 1st, 6s
15%
1912
Iowa Midland-lst, 8s
1900;
i
Minn. A Pac.—1st mortg. 5s.. 1936
102*2 ! Valley R’y Co. of O.—Con. 6s. 1921
1
120
Peninsula—1st, conv., 7s
1898
W.—1st, 5s, gold.. 1934
102
[ Wau.St.L. A Pac.- Ilav. Div.-Os.’lO
Chic. A Milwaukee—1st, 7s. 1898 118*2!
!i.Minn. S.St.e.M.A Atl.—1st,5s.. 1926
1921
Indianapolis Div.—6s
Win. A St, P. — 2d, 7s
1 Mo. K. A T.—Cons.,2d, iue....l911
1907 127*2!
Detroit Div.—6s
106
1921 101
Mil. A Mad. —1st, 6s
1905
jl II.cA Cent. Mo.—1st, 7s
1890 *102
Cairo Div.—5s
1931
Ott. C. F. A St. P. — 1st, 5s.. 1909
Mobile A Ohio—Col. tr., 6s ...1892 102
Tol. AWab. —Equip. bds.,7sl883
*
Northern Ill.—1st, 5
109
1910 "105
St. L. A Cairo-48, guar
72
75
1931
106
Quin. A Tol.—1st, 7s
1890
<Ci. Col. Cin. A Iud.—1st, 7s, s.f.’99 119
123
1 Morgan’s La. A T.-lst, 6s
1920 107*2
Han. A Naples—1st, 7s
190 )
Consol. 7s
1914 121
1st, 7s
1918 121
Ill. A So. Iowa—1st,ex.6s. 1912
97
Consol, sink, fd., 7s
1914
Nash. Chat. A St. L— 2d, 6s.. 1901
St. L. K. C. A N.108*4
•Chic. St. Paul M. A O.—
•N. J. June.—Guar. 1st, 48
105
Clarinda Br.-6s
1919
1980{ 104
Chic. 8. P. A Minn.—1st, 6s. 1918 *121*2
Registered certificates
St.Cliarles Br’ge— 1st,6s. 1908
No. Wisconsin—1st, 6s
1930;
|
N. Y. P. AO.—Prior lien, 6s
No. Missouri—1st, 7s
1895
1895 414*2
Chic. A E. 111.—1st, s. f., cur.. 1907 *
115 !jN. Y. A New Eng.—1st, 7s.... 1905
Wab. Sr. L. A Pac.—Iowa Div., 6s.
111
Consol., li-t, 6s
1934!
1113*2,' 1st, 6s
1905
West. Union Tel.—Coup. 7s.. .1900 116
'Chic. A W. Iud. —1st, 8.f., 6s.. 1919 110
|
. 'N. Y. Chic. A St. Louis—4s....1937)
117
Registered
80*2 855s
General mortgage, 6
lll*-2
1932
j
Registered
N. W. Telegraph—7s
1904 100
Chic. A St, Louis—1st, 6s
113
1915
N.Y. Susq.AWest.—2d, 4*2S...1937
73*21
ioo'
Wheeling A L. E., 1st M. 5s. .1926
Cin. I.St.L.A Chic.—1st,g.,4s .1936
104
!
Manhat. Beach Imp. Co.—7s. 1909
i N. Y. N. II. A H.—1st, reg. 4s. 1903
..1
Registered.
! N. Y.Tex. A Mi x.— 1st, 4s
j.... Tenn. C. I. A R’y.—Consol., 6s. 1901
*Cin. Jack. A Mae.—1st,g.,5s...1936
92*2 ’95" jiNorthern Pacific—Divideud
South Pitts.—1st, 6s
100
1902
105*o
—
Col. A Green.—1st, 6s
1916
Dividend extended
*
Bir. Div.—1st eon. 6s
1917
82*4
j
101
2d, 6s
1926!
Spok. A Pal. —1st, s. fd., 6s. 1936/
Col. A Hock. Coal A I.—6s, g..l917
101
Col. A Cin.
'*96*
Midland—1st, 6s.. 19141
Sr. Paul A N. P.—Gen., 6s..1923 116*2!-...
©el. Lack. & West.-Conv. 7s.
111
1892!
Registered
Income Bonds.
|
j—
136
Mortgage, 7s...
I907i io2
Helena A Red M’n— 1st,g.,6s.l937 103
(Interest pai/abtc if turned.)
oyra. Bing. A N.Y.—1st, 7s. 19061 130 ! 132
I)u!. <V Manitoba—1st, g. 6s. 1936 103 L
Atl. A Pae.—Cen. Div
25
1922
Morris A Essex—1st, 7s
Hel. B.Val. A Butte, 1st, Os. 1937
1914j 140 !
Cent. Iowa—Coup, debteertf’s
2d, 7s
109
110
Drummond AP’bg —1st, 5s 1937
Eliz.City A Nor.—2d ine.
1970
.Bonds, 7s
1900; 116 j
!
Helena it No.—1st, g’d, 5s.l93;
Ind’ap. Dec. A Spr.—2d inc.. 1906,
7s of 1871
1901 123*2
IN. O. A No. E.-I’r. 1., g., 6s ..1915
Trust receipts
30**
1st, eon., guar., 7s
19151 132 V 133
99
1105
ULeli. A Wilkeso. Coal
I New Or. it Gulf-1st, 6s
1926
.*..1888
Del A Hud.
Canal—1st, 7s... 18911 105*21
jNorf. A W.—Gen., 6s
1931 111*2
jjM.ilw. Lake Sb. A W.—Income
1st, ext., 7s
1891 107
New River—1st, 6s
1932
'Mobile A Ohio—2U pref. deben
Coupon, 7s,
113
1894
i. Imp. A Ext., 6s
98
3d pref. debentures
1934
....
...
..
j
.
!
......
.
..
...1912)
scrip..]
18911
j
......
Registered, 7s
^a. Div., coup., 7s...
1894
1917
!
113
I
139*2
.
1st, cons., guar., 7s
1st, eons., guar., 6s
Registered
Reus. A Sar.-J.st,
Registered
118
140
Friday; these
are
i
1141
139*2
.1921'
......
;140
1906; 117*2
eoup.,7s.l921!
■Pet. Meek. A Mar.- 1st. n<*
No price
1906
.
Adjustment M., 7s
Ogd. A Lake Ch.—1st, 6s
.Ohio A
j
Registered
Albany A Susque.-lst, 7s.. 1888 101*2
!
!
Mi<s.—Cons.,
s.
1924
1920,
1932
;Ohio Cent.—1st T«-r. Tr., 6s... 1920
Min. Div.—1st, 6s
Ohio River RR.—1st, 5s
1921
1936
!Omaha A St. L. R’y.—1st, 4s. 1937
Oregon A Cal.—1st, 6s
1921
iPanama—Sink, fd., sub., 6s...1910
latest quotations made th
U!
s
•
—
'<•)
weeX
104
f., 7s..1898! 117*2 L18
General 5s
I...... I!pi'nrin np»
1U2
t <*• »-t
4th pref. debentures
N. Y. L. E. A West.—Inc., 6s.. 1977
Ohio Cent.—Min. Div.-Iue.7s 1921
Og lens. A L. Cnam.-Iueome.192o
Valley—Inc. 6s.. 1923
Shenandoah
Free List.
Erie A
Pittslmgh Ry,—Cous 7s,’98
Oalv’u. H. A II. of ’^2, lsf .5'.. 1913
Wab.F’d Int.Bds.—Tol. AUl.Div..7s
CHRONICLE
THE
the
the
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
1887:
weekending December 17,
Average Amount of—
Banks.
Loans and
Discounts.
New York
Manhattan Co
Merchants’
Mechanics’
America
Phenix
City
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National.
Butchers’ & Drov.
Mechanics’ & Tra.
Greenwich
Leather Manuf’rs.
Seventh Ward
State of N. Y
Americ’n
151.400
68,ICO
832.000
21.452.200
375.600
3.638.500
4.497.300
1.789.400
1.398.400
482.000
3,044,000
621,000
8.961.300
2,648,000
1.187.800
18,799,800
3.118.900
6.317.800
1.765.400
1,910,000
2.530.500
Chatham
620.900
2,069,000
1,843.700
5.84 6,500
1,063,700
7.664.600
2.377.800
7.890.600
4.428.700
1.794.300
622.400
2,691.000
2.636.900
2.366.400
3,098,90 0
Irving
Citizens’
Nassau
Market
St. Nicholas
Shoe A Leather...
Corn Exchange...
1.879.900
3,095.000
6,126,000
4.180.100
Continental
Oriental
Importers’ & Trad.
Park
North River
East River
Fourth National..
Central National..
Second National..
Ninth National
First National
Third National
N. Y.Nat.Exch...
263,000
eo'doo
2,600
538,300
42,400
3.016.100
12.716.000
11.276.200
993,300
6.633.300
45,000
7.747.300
900,000
2.841.100
7.604.400
2.956.700
81.600
310,000
265,000
1.704.100
42,200
45,000
45,000
40,700
45,000
426*500
446,000
105,800
168,500,
1.966.400
147 900
140,200;
1,432,900
1,150.000
265,000
354.200
1,259,200
1,025,700
16.328,000
7,633,000
81,000
180,000
45,000
3.763,000
5.451.900
40,000
45,000
447,400
254.600
4.552.100
119.600
1,086.400
2.600.400
2.691.100
2.411.500
6.366.800
3.418.100
3, (31,800
1,144,000
3,593,200
4.471.400
1.335.900
1,050,900
165.600
531.300
414.100
485.500
1,418,000
707.100
2.101.400
2.628.900
6,014,100
German-Americ’n.
Chase N ational....
Fifth Avenue...
German Exch’nge.
Germania
United States....
Lincoln
Garfield
Fifth National..
B’k of the Metrop.
West Side
Seaboard
Sixth National...
3.438.100
77,400
385.900
174.100
539.300
354.900
25,200
129.600
2.305.400
206,000
1,009.400
2.400.600
3.564.400
Citizens’.... 110
117
Clt,y
_
Exchange...
75
38
80
215
240
90
95
Fire Asso’n.
Firemen’s...
90
Commercial.
Commonw’h.
Continental.
Eagle
Empire City
2,713,000
Agg.Cl’nge
101 »4
102 »4
111
114
813b!
81 V
86,641.145
87,336.177
87,196,552
Bid.
Ask.
1887.
Dec.
“
“
Loans.
Lawful
Mon’y
Deposits.*
Circula’n
$
$
$
$
3
10....
86,555,300
87,166,600
22.580.200
22.155.200
84,758.800
2.311.750
17....
87.053,200
21,499,100
84.064,700
83,391,000
2.311,400
-Including the item “ due to other
Agg.Cl’ng s
•
2.312.750
$
76,318,926
60,990,663
62,697,195
banks.”
Quotations in Boston,. Philadelphia and iialtiniore.
Following are quotations of active stocks and bonds. A
complete list is given in the Chronicle the first Saturday
of each month.
SECURITIES.
Ask,
Bid.
BOSTON.
RAILROAD STOCKS.t
Atchison A Topeka
Boston A Lowell
Boston & Maine
Boston <& Providence....
California Southern
Central of Massachusetts
Preferred
Chic. Burl. A North’n—
Cleveland A Canton
Preferred
93*4
93*2
.210
'243
43
21
40
60
id
25*?
113*2
Eastern
Preferred
129
Fitchburg, pref
Flint A Pere Marquette.
Preferred
Kan. City Ft. S. A Gulf ..
Preferred
K. C. Memph. A Binn. ..
Kan. C. Springf. A Mem.
Mexican Central
N.Y. & N. Eng., pref
Northern
Old Colony
Wisconsin Central
Preferred
RONDS.
Atoh. A Topeka—1st, 7s.
Coll. Trust, 5s
Plain, 5s
Mortgage, 5s
Trust, 6s
East’rn, Mass.—6s, new..
Ex-dividend,
K. C Fort Scott A G.—7s
K.C. Memph. A Ilinn—5s
K. City Sp’d A Mem.—6s
K.C. Clint. A Springf.—5s
Little R. A Ft. 8.—7s
Louisv.Ev.&St.L.—1st, 6s
2d mort., 2-6s
Mar. H. A Ont.—1908,
1925, 6s
<3
91*3
91
26
99 81
79
125
48
79
Bid.
SECURITIES.
i*0*9*
**5*i*
10 L
52*2
6s,
96
.....
Mexican Central—4s
65 34 66*2
17
19*2
Income
120
121
N.Y.& N. Eng.—1st, 7s..
112
1st mort., 6s
i
100
2d mort., 6s
Southern Kansas—5s
95*a
89
Texas Division—5s
**77*
Incomes
89
Wiscon. Cent. -1st ser.Ss
46
*4*7*
2d series, iuc., 7s
PHILADELPHIA,
•
••••■
*1*38**
RAILROAD STOCKS. 1
Buff. N.Y. A Phil.,ass.pd.
Preferred
Lehigh Valley
Little Schuylkill
172 4
16*4
Northern Central
119*3
8934
90
Pennsylvania
Phila. A Reading
West Jersey
10*4
11
10
54 *4
60
87
64 *8
33
59
5434
62
89
54
V
33*8
RAILROAD BONDS.
88
t Per share,
115
89 7s 90
110
111
97
50
1350
120
Ask.
97
106
120 V
Allegh. Val.—7 3-1 fts. ’96
7 ,E. ext., 1910
Inc. 7s, end., conn., *94.
i Last price this week.
116
110
21
i
24 «2
100*,
75
40
18
so
BANKS.
| Bid.
tf.Y. Count’
S.Y. Nat. Ex
Vinth
America.
Vorth Riv’r.
200
120
130
120
130
182
Oriental....
340
Pacific
Park
...
Pbenix
'■Republic
170
145
122
20
Ask
125
162*? 166
People’s.
...
165
175
120
139
120
115
230
142
115
170
St. Nicholas.
7th Ward...
Second
Shoe&Leath
StateofN.Y.
Third
Tradesmen’s 104
Lnited St’es ;210
120
130
148
120
List.
German-Am. 300
COMPAN’S.
158
122
215
60
125
135
140
eo
120
200
83
100
100
85
125
90
70
100
...
..
....
Kings Co.... 180
iKnickerb’kr 78
90
Liberty
jLong Island
Lafayette...
90
75
Manuf’c.<fe B 115
71
Mechanics’ *
Mercantile.. 55
Merchants’. 70
...
(N. Y.)
Bonds, 6s
Nassau (Bklyn.)
Scrip
Ask.!
100
50
100
73
160
114
90
100
95
95
102
65
105
100
95
165
..
100
180
170
100
103
Rutger’s.... 130
137
110
Standard.... 102
70
Sterling
75
125
150
150
....
Stnyvesant. no
United St’es 140
Westchester 140
Williamsh’g. 260
GAS COMPANIES.
People’s (Bklyn.)
Williamsburg
103
Bonds, 6s
7334 Metropolitan (Bklyn.).
Municipal—Bonds, 7s..
Fulton Municipal
93
Bends, 6s
102
Equitable
97
Bonds, 6s
280
Art.
59
112
106
77
105
127
105
61
114
111
80
110
110
110
116
113
130
109
Broker, 145 Broadway.]
107
162
B.—Scrip, 6s 104
158
Eighth Av.—Stock
108
Scrip, 6s, 1914
42d A Gr’nd St. F’ry—Stk 200
112
1st mort., 7s, 893
D. D. E. B. A
r’dway & 7 th A v.—St’k
1st mort., 5s, 1904
2d mort., 5s, 1914
B’way Surface lids...1914
s
42d St. Manli. A St. N.Ave
1st mort.,6s, 1910 ......
2d mort., income, 6s
1 oust.W.St.&P. F’y—Stk.
1st mort., 7s, 1894
■Cinth Ave
Second Av.—Stock
1st mort., 5s, 1910
...
Brooklyn City—Stock
1st mort., 5s, 1902
Bklyn. Crosstown—Stock.
1st mort., 7s. 1S8S
Bushw’k Av. (Bkln)—St’k
Central Crosstown—Stk..
1st mort., 6s, 1922
0 mt. Pk. N.& K. Riv.-Stk
Consol., 7s, 1902
Consol., 7s, 1888
Sixth Av.—Stock
1st more., 7s, 1890
Third Av.—Stock
Ohrist’phr&lOth St— Stk.
Bonds, 7s, 1898
Dry Dk. E.B.& Bat’y—Stk
1st mort., 7s, 1893
I Bonds, 7s, 1890
iTwenty-tliird St.—stock..
) 1st nor’., 7s, 1893
Unlisted Securities.—Quotations from both
securities.
Bid.
Co
Atlan, & Cbar.—Stock...
Atl. A Char. Air L., 1st, 7s
23
Fla. R.y. A Nav, Co., pref.
Georgia Pac.—Stock
2
16
107
46
97
3
10
5
65
5
74
Am. Bank Note
Bid.
98
Bl’oker St.<ft Fnlt.F.—Stk
1st mort., 7s, 1900
5s. 1905
85
145
H. Prentiss A Co., Brokers, 49 Wall Street]
Bid.
GAS COMPANIES.
Bonds guar.,
Montank.... 78
Nassau
140
National.... 90
N. Y. Equit, 150
75
N. Y. Fire
150
Niagara
North River 90
Pacific
160
Pet’r Cooper ieo
90
People’s
100
Phenix
City Railroad Stocks and Bonds.
[Gas Quotations by Geo.
Metropolitan—Bonds
Ask.j COMPAN’S. Bid. Ask
Bid.
[City RR. Quotations by H. L. Grant,
Philadelphia Banks.—The totals have been as follows:
*
*98” 99V
2ds, fs
3d8, 3-4s
1st Inc., 58, 1931
109341110
Mutual
S
7,811.100
7,684,70<
7,309,80(
Farragut.... 110
Gas and
$
$
3,344,200 105,357,000
3,275,500 104,330,80(
3,368,100 104,316,500
117
145
115
20
0
Greenwich..
50
Guardian
112
Hamilton
Hanover.... 125
132
Home
65
Howard
Jefferson.... lit)
of the Boston b anks.
Circula’n.
iio
118
Globe
Brooklyn Gas-Light....
Deposits.*
108
|Germania...
150
165
160
175
125
120
125
95
45
100
230
250
ICO
110
120
100
100
320
Citizens’ Gas-Light
Bonds, 5s
Consolidated Gas
Jersey City A Hoboken.
$
8,195,600
8,513,700
8,433,900
....
8,036,600
$
$
*6*7*506
140
American... 150
150
Bowery
Broadway... 160
110
Brooklyn ...
Alliance
Ask.
69,083,600 26,736,500 351,566,800
L. T’nders.
Specie.
Loans.
200,800
223,000
180,000
Bid.
COMPAN’S
6.343.200
Boston Banks.—Foliowing are the totals
105
2d pref
RAILROAD BONDS.
Baltimore A Ohio—4s....
Cin. Wash. A Balt.—lsts.
lilt*
1281*
Insurance Stock
70.000
174.200
Baltimore A
122
[Quotations by E. S. Bailey, 5*2 Pine St.]
983,800
37,500
17.508.600
•
RAILROAD STOCKS.t
Ohio
i03*‘
..
923.300
1.826.200
8,087,500
269,700
BALTIMORE.
200
180
Gallatin
175
America
200
Garfield
Am. Exoh... 140*4 142
Germ’n Am.. 115
Broadway... 257
200
Germania.
Butchs’dfc Dr 104
Greenwich.. 115*2
134
130
Central
Hanover.... 182
210
(Jhase
Ial.<ftT^ad’8, 335
Chatham.... 215
142
Chemical.... 3100 3400 Irving
Leather Mfs’ 195
146
Citizens*... 138
Manhattan.. 160
300
City
160
Market
168 ! 1TO
Commerce
124
Mechanics’. 104
Continental. 120
205
M’chs’&Trs’ 145
Corn Exch...
Mercantile.. 150
Bast River., 130 j
Mercnants’. 140
llth Ward. 150 I
Vl’rch’ts’Ex.
Fifth Ave.. 725
1550
First
Metropolit’n 18
150
145 *2 146 *2 Nfassan.
Fourth
210
STew York
157 L..U.
Fulton
42,100
180,000
45,000
1.418.700
75
21
BANKS.
43,700
45,000
129,100
3.660.600
1.813.700
2.166.800
19
114
Ask.
3,047,900
2.420.800
1.616.100
4.316.200
2,041,000
2,408,260
2.040,600
87,600
219,000
201.600
321.500
93,i 00
303.100
332.100
741.200
235, tOO
351.400
455,tOO
644.500
7
1350,261,200
Bid.
BANKS.
45,000
1.950.200
*7*5
Debenture coup., 1898.
Deferred incomes, cp...
130
132
Bank Stock List.
3.624.700
2.415.700
Western National.
190.200
236.600
74
13630
129
130
..
2,('25.800
1,057.000
5,028,400
19,341.600
Ask
New York Local Securities.
45,000
228.700
843,000
693,000
97
120
Bid.
Phila. & Read’g (Cont’d)—
Cons. 5s, 1st ser.,c.,1922
Cons. 5s, 2d ser.,0., 1933
..
4,114,000
5.264.400
2.932.300
118
SECURITIES.
t Per share. ,} Last price this week.
Ex-dividend,
88,200
3,338,000
5.4 30,100
4.735.100
631,000
344.300! 2,059.000
1,215,100! 19.974.600
879,100' 'i 1,099.000
15,956.000
7,505,000
3.255,000
Leh.V.—lst,0sfC.AR.,’98
2d, 7s, reg., 1910——
Cons. 6s, C.&LR., 1923..
Penna.—Gen., £s,cp.,1910
Cons., 08, coup., 1905...
Cons., 5s, reg., 1919....
4*38, Trust Loan
Perkiomen—1st, 08,cp.’87
Phil. A R.—let, 0s, 1910..
2d, 7s, coup.& reg.,1893.
Cons., 7s, coup., 1911..
Cons., 6s, g., I.R.O.19111
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908’
Gen., 7s, coup., 1908....1,
Income, 7s, coup., 1890*
264,200
1,066,500
2.468.900
1.302.300
190.500
104^4
Cam. & Amb.-M., 6s, ’89
Col. AC. M.—1st, 68.1914
523,300
2,218,000
'
Ask.
Bid.
SECURITIES.
*
1.972.100
2.422.300
Dec. 3 138,204,100
“
10 138.017,300
“
17 138.308,001'
45,000
lrf.287,30 0
16,952,300
Bowery.
N. Y. County
1887.
45,000
379.200
4,541,000
95.600
2,634,600
3.113.800
410.800
651.300 41 913,900
225,(00
2,815,000
3.249.800
216,000
2.877.800
270.300
3,802,900
570.500
738.900
448.300
710.500
221.900
598,000
773.900
651,000
11.301,000
Hanover
630,( 00
455.400
216.300
2.738.800
North America....
201.500
1.477.500
716.700
1.836.100
Peoples’
557.800
109.400
279,000
120,000
243.800
66,600
275.900
967.000
1,068.10(
331.400
454.100
285.600
17.374.900
Bepublic
209,000
626,000
295.100
6.864.500
661,200
811.400
418.200
105,COO
139,t'00
483,000
15.698.000
Mercantile
Pacific
658.000
453,000
$
9,830,000
10,765.000
6.717.100
6,973,000
9.349.700
2,874,000
9.4 30,400
2.308.500
1.211.100
900.000
8.094,000
Broadway
Total
$
10.852,200
3.377.500
Commerce
$
776,000
793.600
1,058,800
3.156.300
1.323.500
Exch’ge.
than U.S.
2,429,000
1,146.600
1,434,000
7,?50,900
Circular
tion.
other
lenders.
$
2.070.C00
10,100.000
9.675,000
Net Deposits
Legal
Svecie.
[Vol. XLV.
Ask.
30
87
36
108
56
155
no
1(6
118
105
170
110
220
103
210
112
110
210
117
41
109%
60
112
108
120
107
100
180
115
230
1C0
220
114
Exchanges:
SECURITIES.
Mexican National tr. rec.
1st mortgage, tr. rec
New 1st 6s
Bid. Art.
T ~i£
41
38
90*4 91
9
10%
1
100*3 Newp. N. & Miss. Val
At.&Pac.-lstM,C.D.o:d6s "94
78 I
26
N. Y. M. Un. Tel.—Stock
Boat. H. T.& West.—Stk.
105 '106%
Brooklyn Elev’d—stock.. 41V 42 V North. Pac.—Div. bonds. 103
105
Ocean Steam.Co.,lst guar.
Cape Fear & Yad.Val., 1st 94
Orange Belt 1st
Ches.&0.. ser. B.def. scrip
8
6
7*3 Pensacola A Atlantic—
Chic. & Atl.—Ben., tr roc.
93
1st mort
3934 40*a
C Mo. Gas Trust
Pitts. & West. RR.—Stock 33
Chic. 8anta Fe A Cal. 5s..
74
1st mortgage
Ciun. A Spiingfield
30
Postal Telegraph—1st, 6s. 25
Cont. Cons. Co. Tr. stock.
Rich. York Riv. A Ches.. 90
12
Den. A Rio Gr. W.—St’k.
9
•Rome &Decatur,l8tM.t6s
Dal. S. Shore A At.— Stk.
23
'St. Louis Ft. S. A Wich..
Pref
103
1st. PaulE.& Gr.Tr., Ist6s
Edison Electric Light.... 170
1st 6s
...
2ds
Henderson Bridge—Stock
Kanawha A Ohio
1st pref
2d pref
Ist6s
Kan. City A Omaha
1st mort....
KeeJy Motor
Mex. NaLConstruct’n Co.
*22
234 |St.P.M.<£Man.Mon.Ex,4s
Southern Tel.—1st M
15
,Tol. A. A. A N. Mich
3*6*
19
108 4
4fe34 iU. S. Electric
x.ight
>••••*
24
40
!Utah Central.—1st
75
Vicksb. <fe Meridian
Pref
1st mort
2d mort
75
10
28
West Va. RR.—1st, 6s...
Western Nat. Bank
West N. Car.—Con. M
13
80
45
6
Incomes
•
•
••
91
94
95
December 24,
THE
1887.J
CHRONICLE.
853
Latest
tojestnxetxt
Roads.
Week
or
Earnings Reported.
Mo
1887.
Jan. 1 to Latest Date,
1886.
1887.
1886.
AND
Kentucky Cent. October...
JJaxto&d Intelligence.
Keokuk it West. 2d wk Dec
Kingst’n & Pem. 2d wk Deo
Knoxv. & Ohio October...
Lake E. & West. ,'2d wk Dec
Lehigh & Hud... November.
L. Rock & Mem. 1st wk Dec
.
The Investors’ Supplement conta ins a complete exhibit oj
the Funded Debt of States and Cities and of the Stocks and
Long Island
2d wk Dec
Lou. it Mo. Riv..
Septemb’r.
Louis. Ev. & St.L. 2d wk Dec
Louisv.it Nashv.! 2d wk Dec
Lou.N. A. & Chic. 2d wk Dec
Louisv.N.O. AT. 2d wk Dec
Ponds of Railroads and other Companies. It is published
the last Saturday of every other month—viz., January,
}farch, May, July, September and November, and isfurValley.. .October...
nishid without extra charge to all regular subscribers of the Lykens
Mar. Col. it No..{November.
Chronicle.
Extra copies are sold to subscribers of the Mar.Hough, it O.;2d wk Dec
Memphis itChas. 2d wk Dec
Chronicle at 50 cents each, and to others at $1 per copy.
^Mexican Cent
2d wk Dec
on
*Mex. N. (all Ins) November.
Mil.L.Sh.itWest 3d wk Dec I
Milwaukee it No. 2d wk Decj,
RAILROAD EARNINGS.
Miuneap.it St, L. October
Min.St.Ste.MitA October., j
Minn.ANo.West. 2d wk Dec
Gross Earning'S to Latest Dates.—The latest railroad
earn¬
$
$
104,797
7,209
884,493
308,951
6.777
1,347
3,055
45,304
30,010
14,403
20,495
$
$
92,261
30,997
37,640
20,369
1,956,825
213,274
.
24,303
789,012
12,300! 3,134,991
50,900!
439,800
15,781*
955,499
305,825 15,244,548
35,270 2,153,192
02,471 2,038,356
51,945
53,136
22,259
324,035
30,284
71,038
7,244
12,230
"*2,989
51,047
100,250
45,075
86,680
4,022
14
37,300
13,982
150,911
10,358
15,827
19,482
140,017
22,081
34,954
31,004
293,513
1,655,44#
198,035
700,856*
2,901,300
401,223
804,296
13,296.464
1,798,242
1,610.999
623,987
033,994
57,509
1,035,007
966,6*59
4,557,485
1,599,000
3,119,808
924,441
1,217,290
3,591,250
1.588,323
2,271,757
617,663
1,238,581
0,380
155,830
45,370
765,051
1,654;097 1,355,773
1,427,408
492,711
Miss, it Tenn—-2 wks Dec
22,114
471,390
404,564
Mobile it Ohio
'November.
271,281
254,781 2,243,050 1,937,435
Nash. Cli. it St.L. November.
259,025
213,769 2,780,435 2,170,826
New Brunswick. October...
80,974
84,945
677,102
074,202
N.Y. Con. A TI.R. November.
3,256,304 2,885,832 33,067,003 29,705,053
N. Y. City it No..
j Wk. Oet, 8
11,358
12,4731
441,(504
419,243
eN.Y. L. E. it W October..
2,309,215 2,234,859 20,251,052 18,96^,847
N.Y. it New Eng. October...
409.883
459*5091 3,572,583 3,366,154
N.Y. Out. A W.:. 2d wk Dec
20,328
21,05(5! 1,485,057 1,281,104
N.Y. Phil.it Norf. Septemb’r.
43,574
3(5,023
389,007
317,983
N.Y. Sits. A W... {November.
129,901
107,735) 1,259,536 1,010,894
Norfolk it West.!2d wk Dec
103,104
71,1501
4,033,841 3,093,885
N'tlieastrn (S.C.) October...
55,108
57,47 lj
454,063
447,519
Northern Ccnt’l. 'October...
51 (5,8251 5,180,483 4,523,059
501,294
Northern Pacific.2d wk Dee
294,147
218,502 13,221,403 11.877,706
Ohio A Miss
2d wk Dec
87,873
9,409 3,907,987 3,087,879
Ohio River
{2d wk Dec!
8,079
4,453
314,934
186,559
Ohio Southern
November..
00,153
59,982
475,913
532,771
Omaha it St. L. Septemb’r !
30,631
.
ings and the totals from Jan. 1 to latest date are given below
tor all the railroad companies from whom reports can be ob¬
tained.
Latest
ROADS.
Week
or
Earnings "Reported,
Mo \
1887.
1880.
* Jan. 1 to Latest Bate.
1887.
-
Allegheny Val. October..
102,070 173,f»08
Atch. T. it S. TV.'November. l,04(*,31O 1,715,554
Atlanta it Char October.
153,801
117,038
•A -1,200
Atlantic & Pac.. 2d wk Dee
00,005 i
Balt. & Potomac October.. ,
133,(5281 130,008!
72,810!
Beech Creek
October..
00,300
Brunsw’k A-West Septemb’r. i
28,1001
42* 800
Buff.N.Y. it I’bil.2d wk Dec;
54,ioo;
Buff.Rocli.&Pitt 2d wk Dec
40,578 j
31.143!
63,017!
Bur.C.Rap.ct No. 1st wk Dec!
70,104!
-
‘
“
....
Cairo V. it Chic .2d wk Dec!
Cal. Southern... 2d wk Dec;
15,506!
42,234
Canadian Pacific 2d wk Dec
37,520 i
204,000
Cp.F’r AYad.Val November.
26,959)
{Camden <t Atl’c October.. j
1880.
1,070,230 1,405,308
10,054,044 L A,455,577
1,004,210
040,400
2,100,510 1,400,053
1,107,533 1,11(5,827
007,(55(5
500,200
251,580
2,085,170 2,40 i ",4*17
1,002,450
1,300,080
2,7(54,504' 2,702,034
720,708)
13,882
022,880
003,707
37,048
610,302:
537,088
203,000 10,073,435 0,503,702
210,017
21,408|
205,883
22,402; 1,304,352
October..
Carolina Cent
00,113:
63,100!
Central of Ga... 2d wk Dec: 110,407
103,403!
Central Iowa— November. , 130,807) 123,845!
Central of N. J. September. 1,042,420 1,005,503
Central Pacific (Septemb'r. i 1,340,851 1,140,307
Central of 8. C. October.. ;
10,2131
10,385
Charlest’n &SavjOctober...I
41,284
44,023!
Cheraw it Dari.-October.. j
10,908 j
11,233 i
...
0,130,743
|
5,074,018
1,210,874; 1,106,888
8,620,374 7,720,723
.
.
,
.
0,857,542
403,205!
8,700,022
412,123: 358,551 4,100,274 3,755,807
Eliz.Lex.itB.S. November.
99,573
993,587
89,858;
850,084
Ches.O. & 8. \V.. November.
205,777 178,983 1,795,182 1,540,450
Cheshire—73.004
Septemb’r
75,579
493,422
408,808
Ches. <t Lenoir.. October
7.(574
(5,07(5
Chic. & Alton.. 'Septemb’r..: 842.002
777,414; 0,489,535 5,756,100
Chic. <fc Atlantic 2d wk Dee!
41,770
41,902! 2,085,472! 1,575,180
Chic. Burl. & No. October... i 1 02.88,8
1,979,301
Chic. Burl. A Q. jOetol >er
2,774.922 2,770,774 23,005,857 22,103,037
Chic. & East. Ill. 2d wk Dee
41,553
39,973! 1,968,093' 1,097,487
Chic. & Ind. Coal 2d wk Dec
10,947!
(5,333
690,609!
Chic. Mil. «t St.P. 2d wk Dec
580,500! .510,831 23,975,1(57 23,480,802
Chic. & N’thw’n. October
2,780,21(5 2,810,9(50 22,298,973 20,811,085
Chic. it Oh. Riv. November.
5,100
7,131
02.128
01,231
Chic. St.L. A Pitts November.
491,217| 430,202 5,284,753 1,372,892
Chic.St.P. AK.O. lthwk Nov1
10,815!
7,013
-
.
..
...
Cln. Ilam. it I). Septemb’r
Cin.Ind.St.L.AC. 4thwk Nov
Cin.Jack. A Mac. 2 wks Dee1
Cin.N.O. it T. lb
Ala.Gt.South.
N.Orl. A N. E
Vicksh. it Mer.
Vicks.Sh.it
2d
2d
2d
2d
P. 2d
wk Dee
wk Dee'
wk Jb*ej
wk Dee
wk Dee;
77(5,070
22,07s
301,211
(52,030!
1(5,931!
<54.740;
31,920
052,050
5.025,085' 4,953,015
2 1,199
2s l
17
1.351,591
2,158,209
(51,129
10,251
50,818
11,098
28,*27 1.482,832
18,083;
0(52,023
15,933'
524,119
1(5.7801
1(5,1 1 1 1
15,059 j
572,25(5 j
Erlanger Syst 2d wk Dee 143,803) 13(i,372i
Cin.Rich,itFt.VV. 2d wk Dee'
7,590!
7.S12J
Cin. & Sprimpd 'November.}
101,1351 90,907
Cin. Wash, it Balt. 2d wk
43,30s i
10,487
Dee|
Clev.AkronitCol 1st wk Dee*
10,154!
9,29sf
Cjev.it Canton 'November.! 33,082! 31,292
Cler.Col.C.it Ind November.; 390,075 355,900
Clev. & Marietta 2d wk Dee!
Cceur d’Alone.... Oet olter
j
..
Col. & Gin. Mid
AT.
henv. & Rio Gr
henv. & R. G. W.
Col.Hock.V.
'2d wk Dee!
1st wk Dot*
2d wk Dee
;2d wk Dec
November.
Det.Lans’git No. 2d wk Dee
0,445
18,031
7,121
01,801
100,000
22,275
31,000
1.334,080
2,157,98(5
2,141,135) 2,354,580
159,023
3,2< (5,9(52
393,171
2,718,594
1,138,333
012,021
484,304
0,148,192
175,290
5,128,542
395,202
3(54,023
1,0*2,191
1,028,202
2,109,305 1,900,490
521,527
504,850
345,101!
327,719
4,171,954 j 3,783,49(5
5,103i
293,750
201,130
O’,023)
317,521
71,900! 2,543,787
140,588, 7,583,780
303,780
2,151,101
0,390,040
994,850
217,475
21,6751 1,117,297
28,807
435,574
17,55(5
24,380 1,093,301 1,103,907
Det.Mack.itMar.llst wk Dee
9.112
0,070
383,162
273,382
E-Tenn.Va.itGa. 2d wk Dee 117,312
91,055 5,037,243 4,038,101
Evans.it rnd’plis 2d wk Dee
4,300
4,078!
224,175
187,429
Evansv. it T. II; 2d wk Dec
13,804*
832,417
15,392
728,039
Rint it P. Marq. 2d wk Dee
45,083
44,104, 2,449,782 2,054,408
fla-R.&Nav.Co. 2d wk Dee
28,89(5
27,050 i 1,007,579j
902,433
Ft.W.&Don. City i2d wk Dee
22,050
12,253!
683,970!
425,119
Georgia Pacific 2d wk Dec
32,281
25,(522 1,174,724!
791,150
Gr.Rap. <t Ind. 2d wk Dee
37,9(59
47,269j 2,255,998! 1,987,352
Grand Trunk... I Wk. Dee, 10
338,787
358,057:17,0(52,202 10,085,44(5
Gn.Bay W.itSt.P October..
37.189
39,243
380.590:
279,279
Gulf Col. AS. Fe.
387,200
j November.
280,313 j 2.572,007 2,039,525
flous.&Tex.Ceil, :1st wk Dee
59,937 j
85,520 2,090,051 2,714,711
Ruinest’nitShcn October.
10,727
13,004!
128,049
130,200
Dl.Cen. (I11.&So)'November, i l ,168,8c Oil,038,599 10,024,042
9,60.3,400
CedarF.itMin. November.
10,540!
15,892,*
100,872!
159,126
Dub.&SiouxC. 'November.
82,235
84,855
705,251j 808,578
la. Falls&S. C.'November.
07,128]
54,843
'025,525!
570,219
hm-Blooin.itXV. 2d wk Dee
45,053!
51,822: 2,504,6< 2* 2,437,544
hid. Ill. & ioWa October
18,560!
11,622!
170,219*
100,380
h)h.Dee. it Spr. November.
33,298!
42,511!
381,094!
387,801
hid. <fc St. Louis 2d
wk Dec
43,351)
42,188'
2,097,171* 1,787,611
Jack T. & k. W.
October.
29,380
28,438)
300,081
213,835
“•C.Ft.8.& Gulf. 1st wk Dee
56,521!
50,805, 2,532,443 2,330,201
San- c.
c. Sp. it M ! 1st wk Dec1 38,642* 32,918! 1,894,271! 1,420,537
Cl. it Sp Jlst wk Dec1
4,572|
3,902*
241,625
220,488
Det.BayC.itAlp.
,
..
34,032
Oregon Imp. Co !October
{ 431,819 303,983 3,463,250 2,448,724
Oreg. R. AN. Co. November.i 013,188 518,000 4,819,839 4,till,810
Pennsylvania. ...October... 4,989,521 1,737,351
16,043,195 41,003,634
Penn.
..
Company.]
No. West. sys...Septemb’r
*1,742,095 1,452,80543,478,102
So. West. sys.. Septemb’r.
1,274,380 1,145,353 10,338,370
Peoria Dee, & Ev. 2d wk Dec!
18,223
17,763
813,040
Petersb urg
' No ve mber.
31,404
28,300
320,276
Phi la. it Erie
October...
308,019
371,521 3,340,570
fPhila. it Read’g. October... 2,085,791
1,901,670 18,089,322
Coal it Iron Co. October...
2,321,204'1,735,217! 15,800,480
Tot.both Co’s October.. 4,400,996
3,096,894 33,949,808
Pitts. itWest’rn ’2d wk Dec
33,737
33,865 1,935,152
P’rtRoval A Aug. October
30,059
35,201
200,251
Pt. R’alit W.Car'October
37,748
30,070
RitW.P.Ter. CoRich. it Danv. November.
405,800 421,974 4,073,000
Va. Mid. Div..'November.
138,500
129,600 1,491,883
C. C. it A.
91,600
85,101
705,175
Col. it Gr. I)iv. November.
04,400
08,050
487,890
West N. C. Div. {November.
50,000
48,277
038,050
W. O. it N. Div. November.
10,900
8,000
Ash. it Sp. Div.*November.
9,000
4,100
00,813
Total all ....!2d wk Dec
195,000
100,000 8,061,097
...
11,230,002
8,595,016
770,409
320,177
3,009,283
10,150,017
12,013,092
28.709,709
1,503,322
257,413
..
302,507
Chesap. & Ohio. \November.*
Chic.St.P.M.AO..October ...!
Chic, A W. Midi. 2d wk Dec;
.
Div.{November.
Rieh.it
Petersbg.! November.
20,175
October...
list.L. Alt. itT.H. 2d wk Dec
17,332
315,991
43,351
299,343
Rome W. it Og
..
Branches
2d wk Dec
20,020
St.L. Ark. it Tex 2d wk Dec
71,109
St.“L.it San Fran. 2d wk Dec
142,112
St.Paul A Duluth 2d wk Dee
38,993
St.P.Min. it Man. November. 1,109,813
S.Ant.it Ar.Pass. November.
75,919
Scioto Valley— October...
75,802
Seab’rd it Roan. October...
77,1(50
Shenandoah Val November.
84,000
South Carolina
November.
119,(574
So. Paeitie Co.— |
Gal.Har.AS. A. October
355,5 10
Louis’a West..'October...
83,198
Morgan’sLAT. October
551,115
N. Y.T. A Mex. October
10,033
Tex. it N. Orl.. October...
122,125
.
...
...
..;
Atlan’csystem October
...
1,129,011
25,700
Valley of Ohio.. November.
Western...;2d wk Dee
Wab., E. of Miss October...
JWest Jersey— October
Wil. Col. it Aug October..
Wab.
..
Wheeling & L. £.,2d wk Dee
Wisconsin Cent’l;2d wk Dec
Cliic. Wis.it M.
Min. St.C. & W.
Penokee Br..
Wis. it Minn..
+
And branches.
e
After
2d
2d
2d
2d
wk
wk
wk
wk
Dee
Dec
Dec
Dee
2,395,774
1.787,011
755,911
1 .(5x8,705
4,579,377
0,727,178
500,7(5(5
05,017
055,500
501,803
71,053
13,009
827,821
1,094,494
080,339
1.022,030
220,230
2,741,098
2,140,818
72,932|
1
52,0111
089,034'
521,268
398,345| 3,508,913 3,297,302
17,729
141,833
128.989
80,785 1,040,046'
801,097
75,10(5
..
Summit Branch !October...
288,697
Texas it Pacific. 2d wk Dec
158,714
Tol.A.A.itN.M’h 2d wk Dec
11,949
Tol. A Ohio Cent. 2d wk Dec
23,893
Tol. P. it West.. 2d wk Dec
20,072
Union Pacific...■October.. 2,934,400
38,213
7,402,568
19.3,452
25.1 SI
...
9,101
51,500
710,139
555,431
193,800
1,010,987, 1,493,834
810,514! 7,839,9(53
Pacific system October
2,(5(59,820 2,200,70(5
Total of all.. October... 3,799,431
2,975,812
So. Pae. RR.
|
No. Div. (Cal.) Septemb’r
157,010
184,431
So. Div. (Cal.) Septemb’r
250,059
318,421
Arizona Div
Septemb’r.
122,173
113,183
New Mex. Div Septemb'r.
55,702
49,201
Spar. Uu. it Col. October..
Staten Is.Rap.Tr November.
210,584
2,072,196
42,188 2,097,171
22,074|
908,583
53,407: 2,537,220
10(5,14.3! 5,91(5,316'
3,720,077
1,4.30,864
9,510
50,185
118,500
148,610
10,177
22,027
20,311
8,121,034
0,889,535
22,055,120 19.415,436
30,170,158 20,304,971
1,284,020
2,927,183
1,209,491
540,478
59,205
802,000
1,088,035
5,823,118
504,175
1,022,208!
1,104,880
2,397,923
1,133,856
501,140
03,929
743,776
511,051
5,033,049
1355,587
788,195
834,402
913,310
2,755,154 23,710,309 21,585,212
50,793
01,100
570,977
601,100
119,077
131,220 0,204,819 5,310,930
079,753
5,763,941
104,208
90,596 1,271,301 1,173,7*37
81,057!
73,145
004,218
550,461
15,710
37,945
9,472
8,725
705,034
2,020,747
030,858
480,007
278, i 43
4,100*
283,185
185,344
553
0,201
557,017
12,278
31,399
7,314
0,750
1,474,756
* Mexican currency.
deducting earnings paid over >0 leased roads operated
on a per¬
centage basis.
t Not
including Central of N. J. in cither
Including Ind. it St. Louis.
Latest
Gross
year.
Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
be.ow,
THE
CHKOmCLE.
[Vol. XLV.
YEAR BEGINNING
gain still continues large, reaching, for the see-''
ond week of the month on 73 roads, 14 per cent. Sixteen of
Tlie ratio of
d;he roads show a decrease.
2d week
! Decrease.
Increase
1886.
1887.
<f>
/-
,
Atlantic & Pacific
Buffalo N. Y & Phila
Buffalo Rocli. A Pittsburg.!
Cairo Vin. & Chic.
....i
California Southern.
j
Canadian Pacific
i
Central of (Georgia
i
$
i
00,905
$
41,209
$
19,696
54,1001
40,578
42,800
31,143
1
15,506!
13,882
42,234!
22,462
19,772!
204,000
203,000
61.OOO;
119,497
103,493
10,004!
•11,770
41,962
39,973
6,333
516,83i
.
i
Chicago* Atlantic
Chic. & East Ill
41,R53
;
.
10,947
580,500
•Chicago & Iml. Coal
Chicago Mil. & St. Paul.
Chicago & West Micli
7,822!
6 1.746!
|
..
Vicksburg * Meridian..!
Vicksburg Shrew & Pac.;
Cm. Rich. A F. W
Cin. Wash. A. Balt
Cleveland * Marietta
Ool. & Cin. Midland
Ben. A Rio Grande
Ben ver * R. (i ra mle West
Detroit Pans. & North...
Bast Tenu. Va. A (Ja
Evansville* I ml
Evansville* T. II
Flint A Peru Marquette
Florida Ry. * Nav
..
;
j
i
18,6831
43,3081
40,187]
5,163
!
j
1,360:
4,078!
15,3921
13,864
Fort Worth * Dcnv. City, j
Georgia Pacific
I
•Grand Rapids * Ind
j
32,284!
37,969j
27,056
12,253
25,622
22,050!
Grand Trunk of Canada..!
Ind. Bloom. * West
Keokuk * Western
Kingston * Pembroke
Lake Erie * Western
Dong Island
Bouisv. Evansv. * St.
Louisville * .Nashville
l-iouisville N. Alb. *
2Louisv. N. O. & Tex
9,300
19,270
6,
3,055 i
1.70S
\
36,016 j
51,945
22,259!
1,3 17;
37,6 10;
12,306 i
j
!
j
36,284
71,638
35,270:
12,236
51,647
100,250
6.380;
19,482
13.982)
34.9541
17.243
15,8271
12,4771
21,656!
103,164
294,147
i
8,679
18,223
33,737
195,600
4 3,351
(73 roads)
8,464,
4,153,012;
1,772
1,266
3.4 32 j
6,546
2,158
1,975!
71,092
Net Earnings Monthly to Latest Dates.—The tables follow
ing show the latest net earnings reported this week, the
•returns for each road being published here as soon as received,
l>ut not kept standing from week to week.
The first state¬
and from Janu¬
ary 1, 1887: following that we give the totals for the fiscal
Vear on those companies whose fiscal year does not correspond
with the calendar year.
100,674
$
136,202
100,502
Cleveland * Canton Gross.
33,682
.31,292
N. t...
11,133
5,293
Gross.
Not...
•153,800
37!),902
191,800
179,529
Nut
Mexican Central
..
$
191,217
-—
-October.
Roads.
•Cin. 1ml. st. I.. * (’..(truss.
Net...
$
212,173
99,570
flOastTrim. Yu.* Ga.(truss.
Net.
555,2 1
2
LM inn. Bit. St. M. * Atl.Gross.
221,83 1
22,084
Net-...
6.374
.
U’.AK
.
• ’-mss.
Not.
..
2,235,005
99,617
56,617
214,309
4,310,560
’Jtichmond * Petersb.(truss.
N.d.
..
$
2,146,157
840,056
3.138,22)
873.649
4
1.25 1 .71 8
1,171,701
10,055,003
1835-86.
$
1886-87.
$
9,438.427
1,6*9,613
327,8v8
440,217
10,055,003
2,116,725
8,110,066 11,895,985
12,908,432
4,011,542
1884-85.
$
5,320,803
7.827.107
2,012,7-17
319,015
457,501
1,739,899
313.052
419,296
3,380,082
1,970.028
3,691,795
3,482.280
3,559,651
302,485
7,159,644
275,902
3,129,990
203,954
3.577,132
1,948,028
A
325.019
411,655
3,561,370
195,011
3,577,132
11,338,055
9,063,717 10,823.017
1,072,966
Tot. dlsbursem’nts 12,790,239
Balance, ampins
“
deficit
2,490,885
1,570.3/
/
953 651
The balance sheet shows that the construction .account
been increased $100,000, and surplus $900,000, with no
has
addition
to
the funded debt.
GENERAL BA LAN JE SEPTEMBER
Assets—
Cost of road ami equip
Stock and bonds of other cos.
30.
.1887.
1896.
1385.
$146,074,836 $146,630,682
3,472,331
3,469,321
Ownership in other lines, real
3,448,5/0
1,220,221
3,120.07*2
1,470,*69
hand
Harlem construction account.
711,998
2,193,346
6,627,801
2:837,534
1,892,653
2,534,766
Equipment Harlem line
West Shore construction acet.
404,394
26,058
404,394
39,285
37,517
404,394
128,745
....$162,342,153 $163,961,617
$164,959,953
6,395,552
estate, Ac
D
ie
3.861,106
by agents and others
on
Total assets.
JAabHilies—
Capital stock
201,715
Funded debt
Bond* & rnort. on real estate..
Past due bonds
Interest accrued..
Interest unpaid
Rentals accrued
Dividend i ay able October 15.
Dividends unpaid
Due for wage*, supplies, Ac ...
Due other roads, Ac
Profit and loss
89,428,300
56,424.333
“
6.607,590
89,428,300
89,428,300
56,424,333
5 6,4 v4.333
107,000
9,355
107,0< 0
107,000
67,855
879.926
1,379,926
9,179
7,487
4*47,142
894,233
69,525
2.410,521
1,753.418
1 l,473;4h9
H32J.597
12.385,090
$162,342,153 $163,961,617
$164,959,953
67,122
2,340,794
2.062,170
10
508,332
13,355
1,379,926
8,(69
669,755
894,283
31,129
2,298,116
*
10,358
Total liabilities
0,132
1.
20.175
$
28,300
,6 i 4
-17,332
9,837
8,166
31.404
10,351
1,172,702
$
$
2 17,953
BE< JINXING OCTOBER
$
3.416,726
4,332,235
1,868,396
-—Jan. 1 to Oct. 31.—>
1886.
18-7.
November.
1 886.
1887.
Roads.
Deters burg
7 17,-188
327,719
71,1 15
315.161
101,131
1886.
1887.
4,372,892
5,281,753
1,368,305
,
790,056
•
9,438,427
$
10,299,354
Disbursements—
Rentals paid
Interest on debt
Taxes on ear/lings
('ash
-Jan. 1 to Xov. 30.1887.
1886.
$
$
.
786,148
5,320, t303
1883-84.
Supplies on baud
1.
YEAR BEGINNING JANUARY
18,476,532
INCOME ACCOUNT.
capital stock
1U 1
617,021
ment includes all roads for the latest month
$
10,510,472
21,143,098
my’s freight.
239
12,149
Including Indianapolis * St. Pouis.
Ron f /.s’.
.
Ne>. t arcings.
Reuta s and interest.
Use of road
Oilier receipts
575,9321
<'hio. 8t. L. * J’itlsl). .Gross.
.
Receipts —
10.104.
4,728,94 4
November.
1886.
1887.
.
*2,054
13,293!
|
3,723
8,786,124
6,2! 9,639
16.434,983 14,702,538
1,009.278
717.998
698,946
128
17,762!
W
1887-87.
$
$
$
7,533,213
.
7,827,107
35,5)69 j
4,16oj
3,t88
25.676,420 21,640,175 28.018,904 32,443,626
17,849,313 16,319.372 19.610,377 22,388,623
I
8,725
,
mile
Freight
1,163
JSTet increase 113-87 p. c.P
*
tou p.
Earnings—
Pas-engt-r
Car service
Mail and telegraph
460j
6,261
15,710
1885-86.
2,720
(tons)mileage*1970087115
24142
2137824205
>t>463 2704732176
0*78 cts.
0*76 cts.
0*64 cts.
0 81 cts.
29,0*0*0
22,627
20,31 it
131,226!
12,278'
31,399;
7,31 li
6,750:
1884-85.
2,703
....
4,226'
10,17?!
37,915!
9,472
4,588
79,409!
25.700
3 48.610
1 L 9,077:
rated...
75,645]
22.074
20,072!
1883-S4.
Miles opt
Av. rate p
71,15<j]
53,4071
106,143
been issued.
earnings and
charges, and the surplus over all expenses and charges (includ¬
ing dividends paid) is gratifying, amounting as it does to
$1,570,377, against $1,072,9(56 last year.
The statistics of traffic, earnings, income, &c., are shown in
the following tables :
i’r’gut
5,500,
271
4,766;
4,672;
32,008'
33,865]
30, 1887.j
(For the year ending September
12.747.801 14,062,118 16,465.453
4^8, 97,774 476,1* 8.729 528,308,74*2
1*41 cts.
1*84 ots.
2a 0 cts.
Freight (tons) mov^d. 10.212,418 lo,802,95 7 1 2,7 1 8.101 14,626,954
1 9,1
166,600;
4 2,188,
V3.893
..
Central & Hudson River Railroad.
Passeiiirei s carried... 11,057,939
Pa-senior mileage
.387,829,9*6
Rate per pass. p. mile.
1-94 cts.
i
17,763!
3S,9u3
158,714
11,949
38,301
Operations—
9,167
5,856;
6,572.
13,570
4,453!
20,020
71,169
142,112
69
6,4 78
1 8,210
1,014
218,502!
*7,873!
Rich. *1). (Aleased lines).!
-*8t. L. Alt.*T. IP, M. Pine,
6t. P. Alt. * T. IP Brehs.J
'St. Louis Ark. & Texas...j
•St. lam is * San Fran
j
St. Paul * Duluth
i
Texas * Paeiiie
Toledo Ann A. & No. Mich ,
Toledo * Ohio Central
j
Tol. Peoria* Western
Wabash Western..
i
■Wheeling & Pake Erie
i
Wisconsin Central
i
Chic. Wis. & M
I
Miun. St. C. * W
Wis. * Min
*9,639
45,075
42,0671
<
1,624
*
62,471!
86,680}
46,655!
j
45,297
19,068
OPERATIONS AND FISCAL RESULTS.
t
15,7811
305,825]
26,328
.New York Out. A West...
Norfolk * Western
Northern Pacific
Ohio * Mississippi
i
Ohio River
j
Peoria Dee. * Evans
!
Total
1 ,8U>
9,797:
6,662
i
Marquette Hough. * Out.
Memphis * Charleston. ;
.Pittsburg * Western
1,528
1,579
4 32
j
456,617
244,309
The statistics for the late fiscal year have just
The Central report now includes the West Shore
282
6,7771
Chic.!
$
$
949,278
043,589
385,437* 382)810
1,925,706 1,546,854
692,447
056,698
165,990
123.964
ANNUAL REPORTS.
New York
26.2*87
51,822 j
324,035j
36,997
~
Estimated.
6.821
7,209 j
.
..
216
358,0571
45,053
L.J
I
Mississippi * Tennessee
j
47,269!
338,787!
!
Mexican Central
Milwaukee L. Sh. & West
Milwaukee & Northern..
Minnesota A Northwest
1,235
600
1,104)
4
28,896.
45,304
20,639
37726
Ju'u 1 to Ocf.fit
1887.
1886,
1,282
91,055
45,683
;
*2,821!
2 1.380
i
s-
.
669
*
498
1 17,312!
166,813
61,343
5?
247,953
99,617
Gross.
Knoxville * Ohio
3,024
13,412
!
Net...
172,658
$
242,173
99,570
555,212
221,834
Net..:
*
6,623
I
Gross.
East Tenu. Va. * Ga
2,121
1,359
1886
$
$
3,093;
16,588
21,675
22.275
17.556
;
Cin. Ind. St. L. & C..Gross.
Net...
7,928)
7.812J
1
Oclobt:r.
1886.
1887.
Roads.
192
4.611
16,11 Li
60.000;
r“
63,666,
15,933!
7,121;
1
1
...
15,6591
14,698!
16,780!
7,5 61
Net...
-Jvly 1 to Nov. 30
1887.
31.292
5,298
33,682
13,138
Cleveland * Canton.Gross.
’T.58o!
28,827!
6.445
J
1,300j
56.818
31,920j
Alabama (it. Southern
New Orleans * N. E
Road.
15,435
1,62 F
24,199
9,181
22.078
...
Cincinnati Jack. * Mack
Cm. N. O. * Texas Pac..
$
—
1886.
491,000
76,900
YEAR BEGINNING JULY 1.
,
November.
1887.
1886.
$
$
«
-Feb. 1 to Nov. ?0
,
.
$
$
Road.
Tenu. Coal & P Co...Net...
1887.
of December.
FEBRUARY 1.
November.
1887.
1886.
,
<
,
Maine Central Railroad.
,—
Orf. \ to Nor. 30.—.
1886.
1 S87.
$
$
•
60,898
27,933
39,197
19,8^9
55,4 63
22,014
35,907
19,507
(For the year ending
September 30, 1887J
84 per centum
The annual report says that about
crease of $142,000 in gross earnings
traffic, th
suffried severely from the effects of to
Commerce law, which went into operation April o
freight traffic having
iLter-State
is in passenger
_
I Idecember 24. 1887.J
THE CHRONICLE.
1887. ‘ For several months we did not feel justified under
this law in attempting to compete with rates by water, and
this continued until, by the ruling of the Commfsioners, rail
lines were permitted to make rates reasonably competitive
with those named by water.”
The net results are about the same as last year, showing a
„
855
1886-7.
.
Gross earnings
1S85-6.
Operating expenses
$3,075,234
1,892,982
$2,841,40£>
1,580,774
Net earnings
Fixed charges
$1,182,252
$1,260,635
1,000,875-
1,020,803
Surplus
$16i,448
$259,759’
gnrplu9 of $81,0u0 after payment of all fixed charges, oper¬
Baltimore
&
Ohio.—The Baltimore & Ohio Railroad Co. on
ating expenses and two semi-annual dividends of 3 per centum
each.
The expenditures for permanent improvements this the 19tli executed and placed on record a consolidated mortyear are about $100,00.0 in excess of similar disbursements last gage to the Mercantile Trust & Deposit Co. of Baltimore for
year. All expenditures lor this year have been charged to $29,600,000 to cover the issue of consolidated mortgage bonds.
operating expanses, except cost cf land purchased, new The bonds are each for $l,OoO, payable to bearer, if not regis¬
shops and double track from Westbrook Junction to Cumber- tered, interest to be paid semi-annually at the rate of 5
per
cent in gold at the
lard Junction.
agency of the company in New York, tax
The operations ar.d earnings for four years have been com¬ free, and the
principal on Feb. 1, 1988.
piled for the Chronicle as follows :
Brooklyn
Elevated
—The report for the year ending
OPERATIONS AND FISCAL RESULTS.
Sept.
30 to the N. Y. State Commissioners
gives the following:
1883-84.
1884-85.
1885-8G.
1838-87.
Miles operated
621
535
£35
Operation*—
Passengers carried.
Freig’t (tons) moved
1,214.380
758,937
1,108.250
788,850
Freight
Mail, express, ic....
$1,107,413
1,475,8 15
143,115
Total gross earnings
$2,xl6.373
Expenses and taxes.
Earnintjs—
Passenger
Net earnings
1,351.077
$1,100,074
1,502,458
$1,264,852
1,585.464
14^,247
150,760
$1,384,226
1,509,687
158,494
1,750,710
$2,839,779
1,730,902
$3,001,076
1,320,740
$3,142,407
1,948,480
$l,0G5,t63
$1,108,877
$1,180,336
$1,193,027
'
1884-85.
$1,065,663
10,421
$1,108,877
$1,180,336
7,828
$1,1933*27
7,400
8,870
$1,076,084
$1,116,705
$1,18/,736
$1,202,797
$189,000
$189,000
661,395
701,767
$189,000
$189,000
215,532
215,541
707,130
215,578
717,068
disbursed
$1,063,927
$1,106,308
Balance, surplus....
$10,157
$10,397
$1,111,708
$76,023
$1,121,666
$81,131
Rentals paid
Interest on bonds...
Dividends
Total
The
-
1885-86.
1886-87
215,598
Long Island Railroad.
(For the year ending September 30, 18S7J
report of the Long Island Railroad Company for the
ending Sept. 30, 1837, has been made to the State Com¬
missioners. The figures present the following
comparisons
with previous years :—
year
EARNINGS AND EXPENSES.
1883-84.
Earnings—
$
1,759,597
720,630
276,005
Passenger
Freight
Miscellaneous
Gross earnings
Expenses and
taxes
Net earnings
1884-85.
$
1,807,282
727,913
291,283
1885-86.
$
18S6-87.
$
1,378,447
2,020,473
798."17
P34.748
317,508
342,582
2,756,232
2,826,478
2,994,772
1,859,505
1,856,351
1,872,325
3,197,808
1,399,206
896,727
970,127
1,122,447
1,298,602
1886-87-
INCOME ACCOUNT.
1883-84.
Net earnings
Deduct
1884-85.
1885-86.
$
896,727
$
970,127
$
1,122,447
190,877
176,358
297,560
400,000
31,564
$
1,29s,602
-
Interest, less
Rentals
Dividends
int. received..
287.(93
400,000
Miscellaneous
Total disbursements...
Surplus
878 575
18,152
,
905,482
64,645
233,179
203,195
304,063
412,;^72
40 *,000
48,198
400,000
937,242
185,205
1,063,765
234,^37
Richmond Fredericksburg & Potomac Railroad Co.
(For the year ending September 30, 1867.^
1
$620,284
39lT)84
expenses
Other income
Fixed charges
JDelicit lor year
882,3-3
INCOME ACCOUNT
Total income
Disbursements—
Operating
1,268,400
863,711
1883-84.
Net earnings
Other receipts
Gross earnings
535
"".****.!
Cairo Vincennes &
Chicogo.—The statement
six months of the fiscal
year, May
the Chronicle of Dec. 17, was
rect
figures
are as
Earnings
Operating
expenses and taxes
Surplus
Rentals
erroneous.
cor¬
1887.
1880.
$362,252’
257,770
$166,552
$104,482
5,781
$160,771
expenses and taxes per cent
The
$410,377
243,825
5,781
Net for 6 months
Operating
for the first
1 to Oct. 31, published in
slightly
follows:
1,849-'
253,541
22,491
$98,70
59*2%
Receivers’ certificates
Wabasli Cairo division bonds
8 coupons, including January 1, 1888
$666,161 67
3,857,000 OO
771,400 00
Total
$5,294,561 67
i
^
California &
Oregon.—This railroad is completed. - Th&
driving of the golden spike marked the completion of direct
railroad communication between Portland and San
Francisco,,
the chief cities of the coast from Seattle to San
Diego, a dis¬
tance of
1,400 miles.
over
Cedar Falls & Minnesota.—The hearing in the
Dubuque& Sioux City (Cedar Falls & Minnesota) case has been
post¬
poned until January 10.
Central of Georgia.—The Plant system of railroads and the
Georgia Central Railroad have formed an alliance, which vir¬
tually coasolidates two of the greatest railroad properties in
the South.
This arrangement secures to the Ocean Steam¬
ship Company of the Georgia Central Railroad all the Florida
freights which the Plant system can furnish at Savannah.
New directors of Central Railroad will be S. M. Inman andH. T. Ionian of Atlanta, Ga., and W. Luttgen
of August
B-lmont & Co.— Boutin News Bureau.
Central of New Jersey.—The receivers give notice that all
past due coupons of convertible,debenture bonds will be paid*
on and after December 31st inst.
Chicago & Calumet.—This railroad company of Chicago has
placed a mortgage upon its entire property amounting to
$7,000,000. The mortgage is given to the Central Tru t Com¬
pany of New York, as trustee, and Frank H. Tulhill of Ham¬
mond, Indiana. The mortgage covers, besides the five miles
of track already built by the company, all the latter’s real
estate, personal property and franchises. The present purpose
of ihe company is to build about 55 miles of road
additional,
for which a portion of the ab jve $7,000,000 bonds will be issued.
The repi rt stat es that “out of the net profit a dividend of 3
per
was
Chicago St. Louis & PitMmrg.—The gross and net earn¬
paid to common stockholders on July 1, 1837, and
the board proposes io
pay on January 1, 1888, a dividend of ings and charges for November and for the eleven months,.
% per cent additionel. "Something more than sufficient to Jan. 1 to Nov. 30, have been as follows:
November.
pay this amount of dividend has been earned, but we must
,——Jan. 1 to Nor. 30.
2 887.
1886.
bear in mind the fact that the year
1887.
1-86.
just closed has been an Gross earnings
$494,217 $136,202 $5,284,753
$1,372,892:
unusually prosperous one, and that the expenses of the com¬ Operating expenses
393.513
335,700
3,910,448
3,625,404
cent
,
ing year will
new
be
engines and
increased by the necessity of .aiding three
additional cais to the equipment of the
some
road.
“
Since last annual report the new station and offices
Net earnings
Charges.
$100,674
90,938
Balance
now
,
$100,502
109,711
$9,736 dcf.$9,209
$1,368,305
1,107,063
1,108,388-
$261,212
<lcf.$3G0,90O
$747,48&
occupied by the company at Byrd Street, have been com¬
Cincinnati Hamilton & Dayton—St. Louis Vandalia &
pleted. The total cost of the one-h »lf interest owned
by Terre Haute.—At Indianapolis, Dec. 22, the Vandalia litigation
jour company in the
property is $91,314, This has been paid between the Cincinnati Hamilton &
Diyton Railroad Com¬
without adding to the oebt of the company,
partly out of
filings and partly by the tale of the old depot and offices pany and President W. R. McKeen di i not come up as was?
on Broad
expected. Tne order of the C >urt restraining Mr. McKeen
Street.”
from disposing of the stock at issue was continued until fur¬
The earnings, expenses, &c.,
for two years were as follows : ther notice. It is intimate i that a
compromise will be reached.
1885-6.
Gross earnings
derating
expenses
Net earnings
Deduct-
Interest on bonds
Guarantee dividend
Balance applicable to dividends.
1S86-7.
$505,412
$537,522
271,536
283,886
$233,876
$233,136
$50,369
34,835
$18 434
34,-35
$■*5,204
$1-0.307
$14",072
83,269
& Susquehanna.—The report to the State Railroad
bommksioners ior the fiscal year ending Sept. 30 shows the
Allowing:
to
October 31
were as
below
1887.
Gross earnings
Op. ex. and taxes
Net
earnings
Fixed charges, less
miscel. income
Surplus
Cleveland
net
given:
October.
/
general investment news.
Albany
Cincinnati Indianapolis St. Louis <fe Chicago.—The
and net eat nings and charges for October and from July 1
gross
1886.
<—Julu 1 to Oct. 31,4
1887.
1886.
$242,173
147,602
$217,953
153,251
$949,278
$94,571
$94,702
$365,438
$363,150
•
33,333
47,925
133,332
191,700
■
583,840
$943,580'
580,439'
$61,238
$46,777
$232,106
$171,450 *
& Canton.—The Boston Herald remarks: “The
earnings for the year will be about $110,600. The road¬
now been prepared for standard gauge rails
except three*
bed has
THE
856
[VOL. XLV.
CHRONICLE.
of
bridges, and a contract bai been let for a new draw for one
these.
Some $84,000 has been expended upon the road this
fall, and by Spring or early summer everything will be ready
for standard gauge rails.
The company has not sold its bonds,
but may do so at any time.”
Columbus Hocking Valley & Toledo.—At Columbus, Ohio,
December 22, Jud^e Evans, of the Court of Common Pleas,
refused to grant a motion to dissolve an injunction in the
case of the Columbus
H >cking Valley & Toledo Railway
Company against Burke and others, holding that the acts of
Burke and his associates, owning all the capiral stock of the
railway company and electiog themselves directors, issuing
mortgage bonds and usiog the proceeds to buy from them¬
selves and others a mining corporation, were void,
Notice of
a bill of exceptions was given by Judge Burke.
Duluth South Shore & Atlantic.—This railroad is practi¬
cally completed. Two hundred and fifty miles of the eastern
making $9,075,000 in all, and will list $1,000,000 common stock
Jan. 4, making $36,000,000 stock in all. The directors lately
authorized an increase of the stock to $37,500,000. The in¬
crease in securities is on account of branch line construction.
While the branches call for the issue of Central Mexican
stock and bonds, these are to be eventu illy converted into
Mexican Central securities. The company has recently buity
58 miles of railroad upon the Guadalaj^a division, graded
some 25 miles more, and done some work upon the Tampico
division.
Minnesota & Dakota.—A
dispatch to the New York Times
grading of the Minnesota & Da¬
says : “ The contract for the
kota Railroad has been let to Job
Voak, of Massachusetts, the
made last month confirmed without material
change, and construction arrangements so far perfected that
little remains to be done before the opening of spring. Termminal facilities have been secured in Fargo. * * The grading
contract as let is for a single track from Fargo, 152 miles
portion of the line have been operated during the year 1887 as due north west .to a point 15 miles west of New Rockford, in
a local road, and its earnings to Dec. 21 have
been about Wells County, passing through the three established towns of
$1,500,000 gross, and $660,000 net, not including any traffic Ottawa, Sherbrooke and New Rockford, to reach the Missouri
derived from construction.
The line, when opened as a in the spring, and to have the road in operation the entire dis¬
through line in the spring of 1888, will have maximum grades tance in time to move next season’s crop. Vice-President, and
of 52 feet to the mile, as against grades 78 to 80 feet by any S cretary E. H. Cutler has gone to Wilbraham, Mass., and
other line from St. Pau?, Minneapolis and Duluth east. It will conclude the financial adjustment of the company im¬
will have the same sources of local business as in 1887, with mediately.”
the addition of the Gogebic iron traffic and also the through
Minneapolis & St. Louis.—Dow’, Jones d: Co. say that a
business in grain, &ec.
meeting was held Tuesday, in Minneapolis, to decide whether
Eastern (Mass.)—At Boston, D c. 22, Judge Devens informed money should be borrowed to pay the January 1 interest on
counsel for: Dwight Braman and other stockholders that the
Minneapolis & St. Louis income bonds.
Heretofore, this
court had issued an order to restrain D. Foster and others who
interest ha3 always been paid.
It was decided to default on
were elected directors at the recent annual meeting of the
the interest due in January. One of the provisions of the
Eastern Railroad Company from acting as such until such time bonds is that interest on th^se bonds must be defaulted two
as the court can pas3 upon the questions raised as to the
years before foreclosure proceedings can be begun.
legality of the elections.
Minneapolis Sault Ste. Marie & "Atlantic.—The first train
Evansville Terre Haute & Indianapolis.—Articles of
went over the Minneapolis Sault Ste. Marie & Atlantic Rail¬
incorporation have been filed in Iadiana. The proposed road way from Minneapolis on the 16th. The International bridge
will run from Sullivan to Indim^polis, a distance of 75 miles.
is finished and connection with the seaboard completed.
The capital stock is $1,000,000, of which $986,000 has been sub‘cribed by Mr. D. J. Mackey, of Evansville, the remaining
New York & Canada.—The report to the State Railroad
$14,000 being divided between 14 others of Evansville and C mmissioners for the fiscal year ending Sept. 30 shows the
New York.
survey
as
following:
Flint & Pere Marquette.—Arguments were heard at De¬
troit in the United States Court this week on a m )tion to
vacate the
restraining order preventing
1880-7.
1385-6.
$828,970
513,708
$772,664
the Flint & Marquette
471,571
$301,093
208,787
208,0! >0
completing their contemplated pur¬
chase of the Port Huron & Northwestern narrow guige rail¬
$32,305
.$ 17,081
way. Judge Brown.decided to allow the order to remain in force
Surplus
$17,081
until lie has had time to prepare a written opinion in thecas).
N. Y. & Northern.—Messrs. Maitland, Phelps & Co. have
This is regarded in the light of a victory for the common
purchased
from the N. Y. & Northern Railway Co. the balance
stock holders of the road, as it is understood to mean that the
of the issue of $1,200,000 5 per cent 1st mortgage gold bonds
injunction will remain in force until such time as the case can of that company. The report of the N. Y. C. & Northern to
be heard upon its merits.
the Railroad Commissioners for the year ended September 30
—The terms of the proposed purchase of the Huron road are
shows the following:
1880-7.
1835-6.
the purchase of all the outstanding stock and bonds of the
$181,380
$523,351
company by a 5 per cent bond of the Flint & Pere Marquette Gross earnings
418,01!)
412,275
road. This would increase the fixed charges of the Flint road Operating expenses
by about $125,000, and the Huron road earned $115.000 last year.
Net earnings
$05,731
$111,676
Railway Company from
Housatouic.—At the annual meeting held in
Dec. 16, a board of directors was elected, and
Bridgeport,
resolutions
Other income
Gross income
33
$05,704
116
$111,192
225,155
254,120
adopted recommending that a branch of the road connecting Fixed charges
the towns of Newtown and Derby be buil1, for the purpose of
Deficit for year
$151),301
$142,923
making a direct connection with the New Haven & Derby
New York & Rockaway.—The New Yrork Woodhaven &
Railroad. The annual report showed the receipts for the year
to have been $982,549; the expenses $581,260 ; net earnings, Rockaway report for the year ending S jpt. 30, 1887, shows:
$401,283 ; surplus for the year, $89,136. The new board of di¬ Gross earnings, $140,212; expenses, $117,809; other income,
rectors elected Mr. W. II. Starbuck, President, in place of Mr.
$457; charges, $34,241; deficit up to Sept. 30, 1886, $174,565;
deficit Aug. 31, 1887, $185,945.
Wm. H. Barnum.
Indianapolis Decatur & Springfield — Indianapolis
Orange Belt.—This railway company of Florida lias just
Decatur A Western.—At Indianapolis, Ind , Dec. 22, the completed its connection at Macon with its western section,
reorganization of the Indi inapolis Decatur & Springfield road which now gives it over 100 miles of competed road in full
under the name of the Indianapolis Decatur & Western operation, and by the 25th of this month the cars will be run¬
road was perfected and the new company elected the following ning into Tarpon Springs, making 118 miles of completed
di ectors for the ensuing year: John D. Probst, New-Jersey; in operation out of a total of 150 miles. The entire line
Hiram Hitchcock, Henry B II immon l, Horace L. Hitch¬ be
completed by Feb. 1.
cock, Steven H Thayer, Charles C. Allen, Thomas B. Atkins,
John K. Warren, New York; E F. Leonard, Illinois; John R.
(Juincy Missouri & Pacific.—The daily Commercial
Elder, Robert B F. Pierce, Indiana. Under the reorganization tin eays: “The ‘Quincy Missouri & Pacific Railroad, formerly
as a division of the Wabash, and over which the latter
plan no reduction in the amount of bonded debt resting on the operated
road is made, but an effort is being made to induce the holders road sends a large amount of business, is to extend its track,
of the tir-t mortgage bonds to accept 5 per cent interest on those which will transform it into a through line from the Missouri
bonds, which amount to $1,800,000, and which now draw 7 River through the States of Missouri, Illinois and Indiana.
This extension, it is stated, is an assured fact. The line
per cent interest.
of the Q lincy Missouri & Pacific now runs from the
Lehigh & Hudson.—At the annual meeting- of the stock¬
Missi-sippi River at Quincy west to Trenton, Mo., and
holders of the Lehigh & Hudson Railroad Company, held at
thence southwest to Leavenworth. The present plan is to
No. 161 Broadway, Mr. Grinnell Burt was elected President.
build aline from Trenton to St. Joseph, a distance of about80
According to the annual report the gross earnings of the road miles. This would give a fairly direct line between Quincy anu
for the fiscal year are $244,431; operating expenses, $142,625;
St. Joseph, and would bring the Quincy Missouri & Pacific
net earnings, $101,806; interest and taxes, $91,647; and net
into direct competition with the Hannibal & St. Joseph Com¬
income, $7,159.
pany. The distance by the latter line from Hannibal to St.
Manhattan Elevated.— An advertisement of the call for a
seph is put down as 206 miles, and the friends of the Quincy
meeting of New York Elevated stockholders Jan. 10 says it souri & Pacific claim that tlieir line from St. Joseph to
is to authorize the issue of $15,000,000 bonds, $8,500,000 to
will be only 6 miles longer, although the eastern termini of the
take up present firsts, $1,000,000 to take up present debentures, roads are about forty miles apart. The Quincy Missouri »
$1,500,000 to pay for equipment and real estate, and $4,000,000 Pacific people are reticent about the source of the funds to be
for future use for new road and equipment.—Bow, Junes & Co,
employed in the proposed construction, but it is stated
a
Mexican Central.—Of the securities of this company the reliable authority that the same parties who are backing an exNew York Stock Exchange listed last wee* $1,709,000 first tension of the Ohio & Mississippi road from Beardstown, PL
mortgage 4s, making $42,879,000 in all; $341,000 incomes, to Quincy are furnishing the necessary funds.”
road
will
Bulle
Jo¬
Mis¬
by
December
THE
24, 1887. |
(JHRONICLF.
Rensselaer & Saratoga.—The report to the State Railroad
Commissioners for the fiscal year ending Sept. 30 shows the
following: *
earnings
Operating expenses
Gross
1886-7.
.$2,400,307
earnings
Other income...
Net
1,497,481
$902,826
857
IRjc Commercial Jimes.
1885-6.
COMMERCIAL
$2,280,391
1,281,810
$998,581
6,681
EPITOME.
Friday Night, Dec. 23, 1887.
As is
usually the case at this season of the year, the near
approach of the holidays is seen in all commercial circles,
$1,005,262
$912,371
Surplus
....
990,372 Regular trade is limited to urgent needs. As measures for the
1,052.980
Fixed charges...
reduction of taxation are discussed, and the opinion of the
Balance
Def.$141,609
Sur.$14,890
country is drawn out on this topic, the prospects for the pas¬
Richmond & Danville.—At Richmond, Va., Dec. 21, the
sage of some measure to that end seem to improve.
Very
meeting of the Richmond & Danville Railroad Co. was held.
severe weather has been experienced west of the Mississippi
annual
report
of
submitted
and
referred
The
the President was
to a committee consisting of Messrs. Sully, G. T. Stone, J. H.
River, causing the loss of many lives from freezing.
Inman and J. A. Rutherford, to be printed and distributed, and
The speculation for the rise in lard culminated early in the
it will probably be given out next week.
week, and values have since been variable and unsettled,
The stockholders elected the following board of directtors: H. C.
Fahnestock, C. S. Br.ce, Samuel Thomas, closing to-day at some further decline. Lard on the spot has
net maintained the best prices of the week, and closes dull at
John G. Moore, John H. Inman, Charles McGhee. Samuel M.
Inman, George F. Stone. J. II. Rutherford, Etnarud Lehman, ? 75c. for
prime city, 8@8,10c. for prime to choice Western,
John S. Barbour and J. C. Maben. The new
ctors organ¬
8c. for refined to the Continent and 8'25c. to South America,
ized by the election of George S. Scott to be President of the
Some Western dealers are calling attention to the adulteration
company in place of Alfred Sully.
9,545
Richmond & West Point Terminal—The board of
directors of the R! T.
Company was reorganized by the
election of Jay O. Moss, James Swann and Edward Lauter*
bach, to take the places of R. T. Wilson, John Rockefeller and
R, P. Flower, resigned, and the board adopted a resolution
recommending to the new board of the Richmond & Danville
Company about to be elected that George S. Scott be chosen
as
their president.
Rome & Decatur.—The committee of creditors of the firm
of Grovesteen & Pell, to whom has been entrusted the pre¬
paration of a plan for the completion of the road, have
reported. This is the second plan prepared, the first one,
which provided for the retirement of the first mortgage bonds
by an issue of preferred stock and for the completion of the
road by a mortgage for $400,000, having failed of success by
reason of the opposition of the holders of six of the first mort¬
gage bonds.
Thirty-two miles of the road remain to be con¬
structed, of which about 26 miles have been graded. The
now at a standstill, and the roadway rapidly deterior¬
The early completion of this gap in the line between
Rome, Ga., and Attalla, Ala., is therefore necessary, and
additional equipment should be provided. For these purposes
$400,000 in cash is required. The read is now in the hands of
a receiver, wfco has been authorized by the Alabama Chancery
work is
ating.
Court to issue receiver’s certificates to an amount not to exceed
$400,000, the same to bear interest at the rate of 7 per cent.
It is also provided that they shall be disposed of at not less than
par, the proceeds to be used for the completion of the road and
for the extinguishment of liens other than the first mortgage,
and to have priority over the first mortgage bonds.
The suc¬
negotiation of the receiver’s certificates is therefore, in
dependent upon the assent of the first mortgage
bondholders. The plan now proposed makes the creditors’
committee a committee to complete, foreclose, purchase and
reorganize the road, by the issue of receiver’s certificates upon
cessful
a
measure,
the terms above stated,. * * * The assent of the holders of
75 per cent of the outstanding bonds of the company is neces¬
sary to put the plan into effect.
Chairman Edwards of the
reorganization committee states that he has secured the assent
of the holders of 50 per cent of the bonds, and expects unani¬
mous
assent.—Commercial Bulletin.
San Francisco City Bonds.—The Supreme Court of Cali*
fomia decided in favor of the validity of the Dupont Street
bonds, etc., and but for a writ of error from the Supreme
Court of the U. S. the taxes would have been collected,
coupons paid, etc., but the ?a9t proceeding ties the matter up
again until the Supreme Court of the U. S. passes upon the
questions raised by the writ of error.
Shenandoah Valley.—The Philadelphia Press
of refined lard with cottonseed oil.
DAILY
.CLOSING PRICES OF LARI) FUTURES.
Saturday. Mond'y Tucsd'y. Wednsd'y. Thursd'y. Friday.
8*13
84)6
January delivery., 841
S’09
8*05
84)0
842
845
February deliv’y.. 847
849
*40
8 06
March delivery
8-27
8*22
8-20
848
843
8'27
April delivery
8-34
8*29
8*25
8*20
8-35
8*27
May delivery
*4 1
8*41
8'37
8 34
8*31
8'27
June delivery
843
8*40
8*46
846
S'37
8 33
8*50
844
July delivery
8*50
8*49
841
8*37
good demand, but closes dull and weak;
$15 50(d)$15 75, extra prime $13 and clear $16@$18.
Cutnuats are without decided change in value, closing dull;
Pork has been in
new mess
shoulders, 6?£@7c., and hams,
pickled bellieg,
9^4@10c.; smoked shoulders, 8)4c., and hams, 1134@ll3sC.
The Cincinnati Price Current of Dec. 22 says: “Wrhile the
past week has further widened the difference in the packing
this season as compared with a year ago, the decrease has
been less maiked than the preceding week; the ten leading
points have fallen 94,000 behind corresponding week last
The aggregate pack¬
year, and all points about 100,000 hogs.
ing from November 1 is now abuut 3,525,000 hogs, against
3,800,000 a year ago—a decrease of 275,000.”
Beef is quiet and nominal at $8@$8 25 for extra mess, and
$8 50 for packet per bbl., and $13@$15 for India mess per
tierce. Beef hams are steady at $17 50 per bbl. Tallow firm a^
4 5-16@43£c. Stearine is quiet at 8>£@8%c. Oleomargarine is
quoted at 634@03£c. Butter is quiet at 20@33c. for creamery,
the outside figure for Elgin fancy. Cheese is more active for
export; State factory, full cream, 10@12c., and skims, 4@9c,
Coffee on the spot has been quite active for all growths
throughout the week, and the close is strong, with fair car¬
goes of Rio quoted at lS^c. and sales at 16^c. for No. 9 ;
also Java at 19@22c.
The speculation in Rio options was at
buoyant prices until yesterday, when a sharp decline took
place, followed to-day by a partial recovery, closing with sell¬
ers as follows, for delivery in 1888 :
Jau
F<4>
March
April
....16-35c. May
16-30c.
June
16-25c. I July
....1645c. 1 Aug
.
....
1640c.
16 05c.
15'75c.
Oct
Nov
14-75o.
14-650.
15'35c.
Dec
14-600.
Sept
Raw sugars have been dull at 5i£c. for fair refining Cuba
and 5%c for standard centrifugal, and refined sugars do not
fully sustain the late advance. Molasses steady but quiet at
24c. for 50 degrees test to arrive.
The offering of teas was a
moderate one, and prices were well sustained.
In Kentucky tobacco there has been considerable done on
Regie account at full prices. Seed leaf has been more active
at full prices and sales for the week are 1,720 cases as follows:
says: “At
Roanoke, Va., during this week the Master’s report in the case
of the Shenandoah Valley Railroad Company has been before
Judge Blair. Numerous counsel were in attendance and
argument on the various questions at issue will probably take
the rest o fthe week. It is understood that the principal conten¬ 150 cases 1881-85 crops, Pennsylvania, 9@14c.; 150 cases 1888
tion will be between the first mortgage bondholders and the crop, Pennsylvania, private terms; 820 cases 1886 crop, Wis¬
holders of the general mortgage bonds, who claim the issue consin Havana, 7@lQc.; 100 cases 1885 crop,Wisconsin Havana,
of $1,560,000 first mortgage bonds in the hands of the trustee private terms; 250 cases 1886 crop, Ohio, 7J4@9c.; 250 cases
of the general mortgage.
These bonds, it is said by the first 1886 crop, Dutch, 9@10c.; 150 cases 1886 crop, State Havana,
mortgage bondholders, have never been legally issued. The 10@16c; 150 cases 1886 crop, New England Havana, 13(a)33c.,
proposed lease of the Shenandoah' Valley to the Norfolk & and 200 cases sundries, 7(£28c.; also 400 bales Havana, 60(<|
Western provided for satisfactory settlement to both classes $1 05, and 250 bales Sumatra, $1 40@$1 75.
On the Metal Exchange the speculation has in great degree
of bonds, but since the refusal of the Norfolk & Western to
subsided.
To day ingot copper was dull and weak, closing at
proceed further vith the guarantee, the fight between tnetwo
classes of bondholders has become bitter. The lease of the 17#70c. for January and 17 85c. for February. There was some
Shenandoah Valley by the Norfolk; & Western, which has business in Straits tin at 33,25@33,40c. for April, closing at the
been dropped, provides, among other things, for a sufficient lower figure. Lead is nominal at 5 05@5#10 and spelter 5%c.
Manufactured iron at Philadelphia shows some revival of
amount of money to put the Shenandoah Valley Road in good
business at lower prices—said to be under 2c. for bar and
working order, as the earnings of that road did not suffice
about 2}{c. for plate per lb.
for that
purpose. The receiver has therefore been compelled
The speculation in crude petroleum certificates has been
to issue additional certificates and will probably have to issue
more.”
brisk, at advancing prices, closing at 82^J@82^c., the highest
figure* realized in a long time.
Naval stores are easier at 37^c. for spirits turpentine and
KipFor other Investment News see “Commercial and
Miscellaneous Newson a previous yage,
$1 10 for good strained rosin.
CHRONICLE.
THE
858
COTTON.
Friday. P. M„ Dec. 23, 1887.
Crop,
The Movement of the
'
our telegrams
For the week ending
indicated by
as
uf rom the South to-night, is given below.
this evening (Dec. 2 ), the total receipts
have reached 202,859
In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared
at the ports named.
We add similar figures for New York
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 24 Beaver Street.
us
bales, against 213,902 bales last week, 240,019 bales the previous
week and 252,406 bales three weeks since, making the total
•
On
Dec.
receipts since the 1st of September, 1887, 3,796,726 bales, against
3,519,180 bales for the same period of 1886, showing an increase
*
since
September 1, 1887, of 277,546 bales.
Fri.
Total.
2,522
1,007
15,905
7,860
1,227
7,934
1,803
08.230
1,529
-1,529
28,909
1,500
19,581
Thurst.
Tries.
Wed.
3,451
2,215
12,269 17,280 14,803
3,148
1,777
1,181
8,084
Mon.
Sat.
Receipts at—
fVoL. XLV,
23, AT—
Great
Britain.
Now Orleans
4,019
2,091
....
...
Mobile
i,oog
'J^orida
•3avannah
Bruns w’k,
Ac.
Oharleston
Port
3,921
4,020
1,500
4,715
0,757
5,103
3,727
......
......
......
......
2,990
4,042
4,491
2,530
2,987
2,109
1,017
700
703
881
004
196
190
4,131
4,439
7,029
847
20,092
17,928
4,975
005
547
2,930
2,535
°
—
Wash’gton, Ac
.’Norfolk
West Point, Ac
Now York
2,397
1,200
3,850
2,813
3,398
2,000
1,770
40
701
1,874
1,583
1,545
407
444
248
079
(Boston
2,G07
"Baltimore
449
337
410
375
1.370
Philadelphia, Ac
"Totals this week
164
164
Royal, Ac
■'Wilmington
10,802
6,320
536
530
315
3,256
32,811 42,450 39,245 24,883 27,199 36,271 202.859
comparison we give the following table showing the week’s
receipts, the total since September 1, 1887, and the stock
to-night, and the same items for the corresponding periods of
For
total
'
'
1887.
Galveston
Since
Th is
Dec. 23.
S'p.
1, 1887.
Week.
...
1-886.
531,930
15,905
This
Week.
Since
Sep.
1,1886.
552,388
35,752
Ind’nola.Ac
.'New Orleans.
1
Mnliiln
'
pi Arid a
’•Savannah
...
Bruns w., Ac
Oharleston
.
68,230 1,121,351 110,373 1,015,047
10.802
140,584
147,060 17,185
1,529
28,909
1,500
18,555
080,053
43,248
19,581
321,531
104
10,237
552
0,320
147,323
0,198
190
20,092
3,718
342,903
W. Point, Ac
17,928
342,049
New York....
4,975
2,930
10,791
40,415
8,372
14,584
Ac
Wilmington
Wash’t’mAc
P. Royal,
Norfolk
Boston
Baltimore
530
...
SPhiTdel’a, Ac
3,256
14,377
020,956
1,307
35,587
1,224
15,076
21,731
200
25,052
20,105
7,244
381,814
212,526
41,147
5,544
212
774
9,143
100,116
5,121
197,555
28,074
10,000
10,500
19,879
18,684
14,280
13,491
15,407
23,658
comparison may be made with other years, we
.give below the totals at leading ports for six seasons.
Receipts at
-
1885.
1880.
1884.
1883.
1882.
35,752
New Orleans.
15,905
08,230
30,380
110,373
97,205
86,518
24,402
87,371
Mobile
10,802
17,185
14,749
11,921
28,909
35,587
14,195
27,481
25,329
15,028
17,603
11,036
Wilm’gt’n, Ac
19,745
6,516
22,335
18,908
32,484
85,963
17,009
29,879
20,716
6,398
2,200
1,973
5,052
Norfolk.!....
20,092
16,248
VTt Point, Ac
All others....
17,928
14,720
25,052
20,105
3,149
20,251
15,792
28,295
0,784
25,741
Tot. this week
202,859
201,080
251,923
-Galvest’n, Ac
Savannah
...
Chari est’n, Ac
16,307
10,305
14,170
17,170
15,164
14,422
283,045
240,100
207,893
9,072
7,014
21,777
17,051
None.
None.
2,200
8,000
4,100
13,089
Total 1887
119,562
Total 1880
Total 1885......
136,733
121,989
•
Wilmington includes Moreli’d City, Ac.; West Point includes City Point, Ac.
The exports for the week ending this evening reach a total
of 133,614 bales, of which 75,475 were to Great Britain, 12,887
to France and 45,252 to the rest of the Continent.
Below are
Week Ending Dec. 23.
-Galveston
—
New Orleans..
.
From
Exported to—
Great
Brit’n. France
9,589
.
27,840
I Mobile
Total
nent.
9,480 20,025
••••••
•
• •
0,550
•Savannah*
Charle-ton....
‘Wilmington
..
Norfolk
......
1,545
13,904
Week.
9,5*4)
57,351
Sept. 1,1887, to Dec. 28,1887,
Exported to—
Great
Britain. France
1* 9,236
2,>#4
311,553 104,875
20,143
• •
7.148
9,449
1,561
‘Boston
4,220
••••••
...
....
Phlladelp’a’&o
‘.Total
Total
*
1.440
•
•
.
Conti¬
Total.
nent.
61.528
2A3.H83
235,087
711.515
•
•
None.
None.
25,616
52,240
28,020
225,438
813,819
84,416
27,139
07,020
22,448
28,210
310,017
233,288
750,356
None.
7,0(10
55,950
823,761
now a large accumulation), a falling off in exports,
dulness in regular trade and disquieting political intelligence
from the Continent, have been obstacles to the speculation
for a further rise in values which seem to have proved effec¬
tive. Yet few bears have had the courage to put on Hops of
Sat. Mon. 'Toes Wed.
UPLANDS.
Ordinary
sg lb
45.287
3,395
02,543
13,004
155,529
108,004
7,148
0.780 10,780
30
4,250
2,897
3,198
1,440
10,2^0
20,189
182,445
0,305
83,843
•
*.•••
••••••
222,840 19,723
81.131
35,002
1,105
27.567
....
....
123 201
• ••
•
•
••••-•
800,258
188,627
102,781
155,5*9
108 094
113,017
355,680
1.075
82.809
18,106
54.H03
8.S44
,80.901
Low Middling
Strict Low Middling
45,252 133,014 1,340,4 0 225.531
762.3<>1 2.831.9HI
PP.401 £20 19S 1,370.528 846,703
513.513 g,180,744
Brunswick,
7k
8k
7lli0
8*10
7»16
8*16
9*,6
9*16
9k
9k
9k
9k
10 k
911,,,
10k
Frf.
7k
8k
7k
8k
9ke
9*i«
91116
Ilk
Ilk
12 k
Strict Good
Middling
Middling Fair
Fair
GULF.
$ lb
10k
10*16
lO»i0 10»l6 10k
101*i6 101*1 10k
11 ho like 11
11710 11 ‘16 ilk
,
12 ke
12
12>16
7k
8k
8k
9oie
9k«
9 :he
4H31b
10k
10h
ilk
ilk
12
7h
71*16 7k
85,6
9k
9k
k_
Frf.
Th.
8°io
8k
8k
9k
9k
9*lfl
9h«
9iiie 91^6
10k
10*lfl 10*16 10k 10k
10916 1O0J6 10k 10k 107,6 ;fi*
10*4
10k
10k
10k
1011,8 ion
11
1L
Strior Go>*d
ilk
Fair
ilk
12 k'
ilk
ilk
12 k
10(5irt lOl^irt 1078
11*16 11*,6 ilk
119,6 11»,6 ilk
12*16 12*16 12k
Middling
G«*od Middling
Middling
Middling Fair
Good Ordinary
Strict Good Ordinary
Low Middling
10 hi
_
Won Toes Wed
7k
16 W*
10k
ilk
Ilk
12 k
Sat.
Strict Ordinary
G<xki Ordinary
Strict Good Ordinary
Low Middling
8trict Low Middling
99,«
10
lOhe
10kQ
10716 107,0
10k
10k
10k
10k
Middling
Go<»d Middling
$ lb.
7i ke
8k
7Hie
8k
9k«
6
Ulon Tues Wed
Sat
Middling
9‘'>,0
10*10
10k
11
Ilk
Ilk
12k
Frf.
Th.
79,6
7k
7k
8»16
85ig
8k
8k
9k
9 hr.
9*16
©h*
10k
10k
lOke 10k*
MARKET AND SALES.
The total sales and future deliveries each
day during
the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
TRANSIT.
SALES OF SPOT AND
SPOT MARKET
CLOSED.
Sat
Mon
..
.
Con- Spec- Tran¬
Total.
sump uPt’n sit.
Ex¬
port.
Dull
52
Quiet
..."
Tues. Dull ® 1,6 dec...
Dull
Wed
Thurs Quiet ® 116 doo ..
Fri... Quiet ® k adv’ce
.
Total.
r
23.978
7k
8k
911,«
Ordinary
Th.
i
Strict Ordinary
G" d Ordinary
10,143
•
12.887
Includes exports from
107,561
8<>e
......
301
75,475
15.082
805
••••••
West Point,Ac
:New York
'Baltimore
0,128
1,850
305,959
28,722
48,700
121,642
52,899
30,376
149,616
75,905
3,000
700
939
None.
None.
None.
1.500
4.500
13,471
5,000
(showing
Florida
v
3,549
None.
Stock.
The speculation in cotton for future delivery at this market
has rather lacked spirit in the week unier review, the oper¬
ators for a rise not having shown the strength and confidence
which was expected in view of the marked reduction in the
receipts at the ports, not only in compirison with recent
weeks but with the corresponding period of last season, A full
interior movement, iucreaemg stocks at Southern markets
exports for the week and since September 1, 1887.
Exports
from—
Reaving
Total.
60,970
19,000
17,200
26,800
49,968
22,000
10,500
13,000
STAINED.
S luce Sept. 1 3790,720 3519,180 3417,390 3537,441 3410,350 3401,462
Galveston includes Indianola: Charleston includes Port Royal, Ac.;
the
wise.
—
111,720
3,141
In order that
1887.
Coast¬
......
312,171
12,935
202,859 3,79G,720|283,045 3,519,180 1,039,257 1,060,973
Totals
Other
Foreign
“short'',” and feverish, unexplained fluctuations have b3en
thrj rule ra'her than any marked depression.
The nearer
approximation of Liverpool values to our own was ’h^ cause
on Tuesday of some selling there and buying here.
On Wednes¬
Stock.
day, the accumulating stocks caused depression in the face
of a better Liverpool report and reduced r -ceipts at the ports.
1886
1887.
To-day the small general movement caused a brisk demand to
125,132 cover contracts, upon which a marked advance to >k place,
102,807
but the change from last Friday is very slight. Cittonon
372,929
398,103' the spot was dull and on Tuesday quotations w^ re reduced
47,722
39,407 l-16o., but to-day there was an advance of i£c.. middling
To-night the Cotton Exchange
uplands closing at 10%c.
3,573
a > j >urned to the morning of th^ 27th.
148,442
118,147
The total sales for forward delivery for the week are 557,200
bales. For immediate delivery the total sales foot up this week
65,900
00,038
1,039 bales, including 52 for export, 987 for consumption,
2.001
300
for speculation and — in transit.
Of the at^ve — bales
20,184
18,977
were to arrive.
The following aie the official quotations for
each day of the past week—Dec. 17 to Dec. 23.
52,370
58.735
last year.
Receipts to
France.
24,593
19,000
5,500
17,500
22,469
17,000
3,500
10,000
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports...1.
......
-Galveston
Indianola, Ac.
Shipboard, not cleared—for
............
......
230
197
179
159
m
114
....
108
%
m
^
52
987
m
m
m
m
-
m
m
m
m
■
•
•
•
^
•
•
•
»
m
mmm
....
....
....
1,039
The daily deliveries given above are actually
revious to that on which they are reported.
The Sales and Prices of Futures are
following comprehensive table:
Sales.
JkUttrim.
282 47,800
197 111,800
179 114,500
159 114,300
114 78,200
108 ©0,600
-
....
futures.
557.200
•
•••
mm—
• •••
••••
mmrnrn
delivered tb* ^
shown by
tba
Sg.
r>i55&
o ~ —;o
® ® a
O
3 j*
P
®
m®
so
B
93
3.~
•
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:
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• to
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>1 .
w
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:
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•
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it**
tO
to
I
ffi •
.
1
•
3 !
*'
*:
i
© .
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rOo?
m
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to
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&
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p
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~
to
India cotton afloat for Europe.
Amer. eott’n afloat for Eur’pe.
Egypt,Brazil.&e..aiit for E’r’pe
Stock iu United States ports..:
Stock iu U. S. interior towns..
United Statrs exports to-day.
s
ss
0900
0 651
P
hm
99
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®
9 9
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651 651
09
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wm-<
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^
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<
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W W M
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M M M1
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P
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tt x
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MM
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woi~->
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M
P P
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X X
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7
10
99
1 &>9:
0
o
©D©
1
1
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©
w
MM
%
HO
CH
c
tow
-o
•—1 ►—•
tw
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5
oo
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to
© P
>
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66
P
MM
^
OO
-
f>
<
t>
6
2
*■*
6p6
•
CD
OO
66
66
<
M CJt
c c
™
M
OOH
c
o
66
01
o o
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©
o
©
:
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©o
XOI
1
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c ©
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;
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CC *-
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©
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c ©0©
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60
in
o
t>
►
<
<
M —
©
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<
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On w
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too
M,JLOm
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1
1
©
M
©6
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I
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1
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9
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MHineinber, 18b7,
for October, 570,200;
vember, 481,000.
jr We have included
B
ft':'0!
P*
4
®
*7
:
1
0i»
co
I d
2
“
£
I5-
M
c
969
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H
©
lo
-1
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cc
CD
66
to
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<1
1
©
p
1
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©>©
9
6©Ob
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©
HH
k,;,
toexch. 3oo Mar. m.i Apr.
Pd. toexch. 30o Dec. for a an.
toexch. 3ooF,b tor War.
vo exch. 5"0 Apr. for June.
.JJPd. to exch.
MjoJ^V^exch.
.*o
200 Sept, for May.
2oo Jau. ioi Fe.o
10 exch. l,30o Jan. foi Mar
W*to exch, 1,500
Dec, for June.
•
©;
©
•23
•42
•09
•12
•
6d~
lHiec^
o--c'pppQ©0j’©
PS'O'j"’-£.BS©©c:
P
,
►3
©
—
n e
:
:
% 22:
p
00 CP
tO
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"(o
m
PI
.
ao
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n
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.
U
60©tO COM 60©
mm-160
©6io
frS7
MW
C»
OC -4 M CJ1
© M tP 10 67* ©
•
60
M
M^M-l©»PiP©
10
©J41OMCM0C© 01-1 MO/l© MJC©©60
7--) m6o6.i m2 c-. a 6 oc © ao ao ao6 w -i
U IOM M ©006^ ©-4-160© rf-M© iP ©-4QD
GC --1 © M Q © M OO 00 60 O' © © #*• M © to © to
60© M to©
M M M
is I
M3
-
to
O’M tO 60 M tO ©
MtO <160
mxc© w-ioc © to© O’
M
X
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to
ifcl.
to
M
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CC
©
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.
M to
M
©©
—©MM
©©06001 **00
322
:
M 60 -1 © © M t o O’
60^
o-icoiaoH#*ODOW*
to
M to
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©to MW 01
C
M tw
10 © -4
oi
©
M tO
M
to
© M 6f
X O’© © X ©. ©
X
P©MP©MPtOOi©
-4©-4W©0’©©
X
O'
|
2,
60
60 CO o: COM O’ <1
>M
W I/.1
IV IV
©XWu
© to
U ©
X to
to N
to © © © W
-I O'
W© 'I
w
rr-
M 60 10 M -4
(r- PM
O' Ol M © 60 W M ©
PM
P © to
M W © © X
©j-0 00 © © O' © W P © JO
-1 b' © 6 w—6 6 © o' o-1 o w p 6 -i 6 m
wlo wio^-> *w
©
to
© O' to m © or. io
©
x © x © cn to © P m •— © to m to © to O' O' p
m © © X P -4 © © P OHO to © to W X to -4 to
—
o
to
UwM-ltO©©©-l©M>P to6©x© to©
X
UU
x © >b to © o; ©
*
©miPxxw^i©
tOM-4-lM
— Vi x
M ©©©•© — —
© © © X M © to
m
b
M 60
lUC/iOCtO;
iot0iP©©6^©xH6;
(Plp©©toxtoto
O’ to C -1 © © 60 -*• -10
© c © w -1 on;
© © <01 00 O’ X •
258,200; 8ep-
^
a
-4W©Wt0©©60XMXO»<l-4M©0’O'©
M60O’iM©M©tO^60M-4©X©©M©iM
to;
Tom tooclcoo’
September-November, for No¬
r»
.
00»
-4
M
to
1
pd. to exch. 500 Jan. for Feb.
luo May r<»r June.
pd. to exch. 200 Mar. for May.
pd. to exch. 400 Jan. for Feb.
pd. to exch. 400 Feb fur May.
pd. to exch. J,00u Mar.fur Apl.
pd. to exch. 200 Dec. for Jan.
pd. to excli. 200 Dec. lor Fun.
pd. to exch. 200 Jnii. for Mch.
pd. to exch. 700 Jan. for F ay.
pd. to exch. 200 Apr. for May.
pd. to exch. 2(JO Sept, for Mar,
^
a
6c
©to©
oo© oi
m©© to
m
© 00 © 60 -4 60 © © 60 © 00 6n CO © C 4- © O' ©
OOCCOiCXCCCOMCctCMOCtOCOM-l — OO
1 ©5
•
60
cctPctc©
© r 60 co ©
© ^ © 00’ ©
© coco
I
•—1
3
x^
©
’m
60
-1
tb po. to exch.
•IS
•12
*20
09
*05
*17
=
rn
© © © 01 ©
K1C5 C5 M ©
© ©O' o'
•1*2
48,000
5d.
MM
©
o
X
lor Heptembftr,
38,000
91ic.
o’!
© ©. oo co ao' - Too
m © © ao © © to
© © — © 10 © M
I d
M
*
5 lid.
©
o?
©1
60 to ©1
M to M
(X 60 Oi' © m ©
9i
© 1
H
125,000
58,000
9'joc.
©
$
187,000
46,000 *
lOPsc.
B*;
© to
exchanges have been made during the week s
Sept, for Apr.
K-
09
wioc.; Wednesday, I0*40c.; Thursday, 10-40c.; Friday, 10 50c.
exch. 500
_
B tt
to
j J:
©!
1
132,000
16,000
65,400
41,000
to
00
©
181,000
13,000
90,200
66,000
54,000
| a p^eMe
sc % < S 8 $5S
S
~ g
©-§ cr
9 C*
C
S H S'
-P0c: S5 gI ©9?>6CCD
g 2 e ■-®
Be. m
©
-t
o
C5
c
CD
6
403,000
141,000
686,000
M tO
>-*
M M tO
©
< E li °
W -■ 9 =r -5
^
-=£© 9m'<3
©
©
©
99
6
512,000
5?
:
M
O
9
970,000
58,000
642,000’
48,000
5H1(id.
prr©*©M2
_
tj»
?■
91
113 H
<)M
Oo
rs —•
o
•v®^6 for each month for the week is also given at bottom of table.
•JVnnsferable Ord«re—Saturday, 10-50c.; Monday, 10 45c.; Tuesday,
j^fpctto exch. lOo Jau. for Feb.
^ Pa- to excb. 500 Sept, for H cb.
^P«.
toexch. 50i 8 pt. lux Feb.
”"Pd.
-
-
in the above table, and shall continue each
the average price of futures eaoh day for each month. It
under each day following the abbreviation “Aver *’ The
ftie following
5
©
*7
© a
0 0-0
XQO
-4
9909
CD
774,400
41,000
66,000
686,000
o»cw>cwo<j
©
^
© ©
M
M tO
© ©
834,200
.3,031,243 3,128,484 2,961,860 3,136,307
.....
p
I d
©
Oi
CO
w
©
c*
-©
co
05
Om
-
.
H
p
6 6. c 6
o'(
I S)
to:
06-1
D©
HH
I ^s: :
99
9°
©
CO
h
w
9
CO© ©
c
9c c9
66©6
©
►1
6 1
w
om cn
M M
©©
O' OI
M
M'J<
<
:
-4M
o
-
c
I ©h:
M M
M
6 6 ® o*»
b*
V- M
weeit to
give,
wh be found
-<
oO
pt»
wber-Ootober,
2
OCH
©-4
Bt»at)H
66
to to
O90O
M M 651 M
'IocinnHH
-
>
<
99
HH^M
MM
©
>rt
H
ccoo
M M
C
320,000
statement.
oc
*
247,100
imports into Continental ports this week have beer*.
h-» r-*
1 ft to’
ooo9
to
<5
^
HHqc m
K)mO^
a©
2
MM
MM
i
^
7
ccto
I «r:
c
6 6 c- cji 6
Wit*_ CD_ -4
a
M to
MM
99
M
r^M
COnO
r-<
cd
66wo
Oo
r
©
237,200
ponding period of 1886—is set out in detail in the following;
'tC M
MM;H
M M if —
M MX H
p^M
M.
66
to 00
I
MX'M
c
o
-
2
-»
£
3,000
At the Interior Towns the movement—that is the
receipt®for the week and since Sept. 1, the
shipments for the week„
and the stocks to-night, and the same items for the corres¬
M M
t>
Mr7
934,500
38,000
503,000
42,000
3,700
40,000
6,000
5,300
The above figures indicate a decrease in the cotton in
sight
to-night of 07,241 bales as compared with the same date of:
1886, an increase of 60,383 bales as compared with the corres¬
ponding date of 1885 and a decrease of 105,034 bales ae:*
compared With 1884.
1 e-Hi
—
r-*
The
M W
1 ft h;
ho
| ©10*
C
~
MM
6- 6
ocoo
,
c
M
tt
>
MOc°
I ®w:
OO
O
V
2
-1
<£.% %
MM
I ^
k>
»
M —
323,500
3,000
41,000
7.000
53,000 bales.
o_cc
c
9§?
5q
M.— CO
OO o.;
>.
(jCo
Price Mid. Upl„ Liverpool
Price Mid. UpI.. New York
MM *C M
MM
© M ^ M
CD © 0 ©
M
©tO
4,000
500
1,400*
181,000
126.000
427,500
410,200
292,400
464,000
2,003,743 2,718,284 2,669,460 2,672,307’
I £>«:
o
M M
%
-1
CD -I
3*9
MM
99
2
m6h
,
•
2
<
CD
c o
UM
o» X
>“'j. M
M
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6
99
o
r
oo
I
6'
°9
M —
*■*
cc m
MM
co
-4
.
b
MCOM
<
66° 6
M to
900
2,600
138,500
38,000
42,000
E^ypt, Brazil, &c., afloat
t *
60
^
6 6 Ob
99
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99
66
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^
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India afloat for Europe
•q
99C9
I & H.
^
o: y;
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300
1,400
158,000
1,000
34,000
7,000
9,000
180,000
29,000
.
v.
6 6 ®6
to to
__o
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.
99
650,000
4,000
32,100
46,000
31,300
29,000
.2,003,743 2,718,284 !2,669,400 2,672,307?
Liverpool stork
London stock
feq
M
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—
527,000
3,600
•
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to-4
cc oo
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0 oc©
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597,000
1,400
14,100
11,000
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East Indian, Brazil, <£c.—
s
H M
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afloat for
an
-1 M
P
%
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(511,000
5,000
29,200
25,000
.
R
CJi©
1 d.®:
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0®M^
I ®t0
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tt-°
^
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a ©
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rHo®
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-4
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46,000
379,000
417,000
182,000
195,000
Europe...
512,000
642,000*
1,039,257 1,060,973 :1,073,807 1,047,428
United States interior stocks.
455,141
384,019
471,887
339,870
United States exports to-da3r..
19,345
43,292
50,766
31,000Ameri;
1
©OO©
dcob
<£*“
1 @0:
°
0
16,000
402,000
185,000
503,000
3
7
m
PP
^
| £>!*:
20,000
38,000
54,000
1,0(10,973 1,073,807 1,047,428.*
455,141
381,019
471,887
339,87i>'
19,345
43,292
50,700
31,000
.
^
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1—
r
OP©©
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ea
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® 651
1884.
604,000
Total visible supply
3,031,243 3,128,484 2,901,800 3,136,3071
Of the above, the totals of American and other
descriptions are aslollows r:
American—
1 ©O!
m
®
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I e.-c
b
ct
7
a
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^
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m
^
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P O' to
1 ®.^.
HM
(e
C ©
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I-
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hm
[j.
1885.
511,000
2,000
Total.European stocks
&
Mi-iJkH
m
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,
■
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CP
0
—
—
%
®
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Oi‘J>
1886.
584,000
13,000
208,000
2,000
47,000
r-H
to
%
~~
H
1887.
582,000
500
800
©
9 9©9
P 6."'
651
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p p
ax
p — p
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bales1
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X
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Liverpool
at
Total Groat Britain stock.
Stock at Hamburg
3tock at Bremen
Stock at Amsterdam
8tock at Rotterdam
Stock at Antwerp
Stock at Havre
8tock at Marseilles
3toek at Barcelona
Stock at Genoa
3tock at Trieste
S-gJa.
*
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pc
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complete
figures for to-night (Dec. 23), we add the item of exports from
the United States,
including in it the exports of Friday only.
a
1
* to
*-*00®'
M
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m
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and consequently all the European figures are
brought down
to Thursday evening.
But to make the totals the
►ss.
u
c •
§: c
•
returns*
2c ©
So
o-r-©
<i
S-
c*s
859*
The Visible Supply of Cotton
to-night, as made up by cable
and telegraph, is as follows.
The Continental stocks, as well ae
those for Great Britain and the afloat are this week’s
I
®2£d
jjbC
C-p ©
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to
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crq
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<%
THE
24, 1887.J
December
MM
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W © © CO © W M
M © © © H W 10
© P P M 10
*
to
O’ © M to P
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■
The figures for Louisville in both years are “net. ”
This year’s figures estimated.
5
w
t Aotual
count.
-
'
*'
[VOL. XLV.
THE CHRONICLE.
860
Greenville, Mississippi.—It has been cloudy during the
totals show that the old interior stocks have week, with rain on two days, the rainfall reaching twentyincreased during the week 5,351 bales and are to-night 71,122 nine hundredths of an inch.
The thermometer has averaged
bales more than at the same period last year
The receipts at 39, ranging from 22 to 57.
the same towns have been 15,735 bales less than the same
Leland, Mississippi.—Rainfall for the week forty-four
week last year, and since September 1 the receipts at all the hundredths of an inch. Average thermometer 35 6, highest
towns are 234,32S bales more than for the same period in 1886.
50, lowest 20;
Vicksburg, Mississippi. —Rain has fallen on four days of
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling the week to the extent of one inch and fifteen hundredths.
cotton at Southern and other principal cotton markets for each Average thermometer 46, highest 73, lowest 27. Last week it
was showery on four days, and the rainfall reached thirtyday of the past week.
three hundredths of an inch. Average thermometer 47, high,
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
est 53, lowest 39.
Fri.
Dec. 23.
Thurs.
Wednes.
Tucs.
Heltna, Arkansas.—It has rained lightly on three days of
Mon.
Satur.
the week, the rainfall reaching eighteen hundredths of an
978
976
97«
97s
97s
97s
Galveston
inch.
Not much cotton remains to be picked. The ther¬
97e
076
97s
978
-97s
9's
New Orleans.
9*4
mometer has ranged from 46 to 56, averaging 37.
9*4
9*4
9*4
9*4
0*4 ~
Mobile
9*6
9%
9°s
95s
Little Bock, Arkansas.—It las been cloudy on five days of
9*8
9&y
Savannah
10
10
10
10
10
10
Charleston
the
week, with a rainfall of sixty-three hundredths of an inch,
97976
97s
91*10
915i<j
9^i«
Wilmington
10
10
10
Slight
snow fall on one day of the week.
Average thermom¬
10
Id
Id
ic
IQ
Norfolk
10L*
HUg
10 D
10*1
eter 35, highest 62 and lowest 15.
10*4
10\
Boston
10 *o a lg 10*- 5 lg
iol2
10b>
loc.
10*2
Baltimore
Memphis, Tennessee.—Rain has fallen on one day of the
10*4
10*6
10*4
10*4
10*4
10*1
Philadelphia
9 *4
week,
to the extent of fourteen hundredths cf an inch. Aver¬
9*4
0111
o
9*4
9*4
9*4
Augusta
9*4
9*4
9*4
9*4
9*4
age thermometer 36, highest 5S and lowest 14*5.
9*4
Memphis
01 *10
01 * i o
01*10
91*ig
01*10
Nashville, Tennessee.— It has rained on four days of the
9i*u;
£t. Louis
076 •
97s
07o
97s
97s
97s
Cincinnati
week,
the rainfall reaching forty-four hundredths of*an inch.
976
97s
07S
97*
97o
97h
Louisville
The thermometer has averaged 36, the highest being 42 and
The above
,
...
...
..
.
.
...
..
...
following table
indicates the actual movement each week from the planta¬
tions.
The figures do not include overland receipts nor
Southern consumption ; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Receipts from the
1 Peek
Ending—
Nov. IS
Wo
Dec.
2
fti
9
it
1C
it
23
....
th^ lowest 29.
Plantations.— The
Mobile, Alabama.—It has rained constantly on two days of
and has been showery on one day, the rainfall reach¬
ing two inches and twelve hundredths. The thermometer
has averaged 46, ranging from 31 to 65.
Montgomery, Alabama.—It has rained on four days of the
week, the rainfall reaching one inch and seventy-nine hundiedths.
Frost on two nights. The thermometer has ranged
faom 30 to 63, averaging 44.
Selma, Alabama.— Rain has fallen on two days of the
week, the rainfall reaching one inch and eighty hundredths.
Average thermometer 42, highest 57 and lowest 31.
the week,
Receipts at the Ports. St'k at Interior Towns. Uec'pts from Plant’ns.
1885.
1880.
1885^ | 1880. j 1887.
1887.
1885.
1880.
| 1887.
288,070 322,588
270,4 it 238,506 284,810 309,201 337,180 384,794 299,751
259,025 280,202 249,3s8 340,405:300,078 400,428 291.009 50.>,162 274,022
Auburn, Alabama.—Telegram not received.
Madison, Florida.—We have had rain on four
285,019 300,470 292,180
299,850 239,139 203,140
284,907 269,527 247,948
280,240 305,026 209,108
242,707 275,710 252,400 582,027,399,852 449,202
248,134 227.883 240,019 134,343 402.0851403,523
233,011 200,050 213,902
497,309
210,1'0 283.015 202,859 521,310I433,534 503.078
481,2391110.953
The above statement shows—1. That the total receipts from
the plantations since September 1, 1887, are
in 1880 were 3,904,054 bales ; in 1885 were 3,922,859 bales.
4,270,574 bales;
2.—That, although the receipts at the outports the past week
were 202,^59 bales, the actual movement from plantations was
209,108 bales, the balance going to increase the stocks at the
interior towns. Last year the receipts from the plantations
for the same week were 805,020 bales and for 1885 they were
280,240 bales.
Amount of Cotton in Sight Dec. 23.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Dec. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1887.
Receipts at tlie ports to Dee. 23
Interior stocks on Dee. 23 in
1880.,
j
1885.
1884.
3,790,720 3,519,180 3,417,390 3,537,441
I
| excess
of September 1
j 479,848j 385,474 505,409 340,305
Tot. receipts from plantatTis 4,276,574*3,904,054 3,922,859 3,883,740
days. The
averaged 51, ranging from 35 to 68.
Macon, Georgia.—It has rained on two days of the week.
Columbus, Georgia.—We have had rain on three days of
the week, the rainfall reaching one inch and ninety-four hundredtiis.
The thermometer has ranged from 32 to 50, aver;>gmg 42*
Savannah, Georgia.—The weather has b en clou iy during
the week, with rain on three day's.
The rainfall reached two
inches and forty-nine hundredths.
Average thermometer 50,
highest 66, lowest 36.
Augusta, Georgia.—The early part of the week was clear
and pleasant, but the latter portion has been cloudy and cold,
with light rain on three days.
The rainfall reached eightynine hundredths of an inch.
The thermometer has averaged
47, tliH highest being 61 and the lowest 31.
Atlanta, Georgia.—We have had rain on four days of the
week, the rainfall reaching sixty-four hundredths ot an inch,
Th » thermometer has averaged {>1, ranging from 29 to 71.
Albany, Georgia.—Telegram not received.
Charleston, South Carolina.—We have had rain on four
days of the week the rainfall reaching one inch and ninetyseven hundredths.
Average thermometer 50, highest 62 and
thermometer has
j
lowest 37.
Siaiebarg, South Carolina.—We have had rain on three
days of the week, the rainfall reaching one inch and one
The thermometer has
hundredth.
Frost on one night.
Total in sight Dec. 23
averaged 46, the highest being 60 and the lowest 33 5.
Northern spinners’ takings to
Wilson, North Carolina.—Telegram not received.
790,199 884,948 054,103
951,387
Dec. 23
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
It wiR be seen by the above that the increase in amount in sight to¬
night, as compared with last year, is 531,979 bales, the increase as o’clock Dec. 22, 1887, and Dec. 23, 1886.
compared with 1885 is 510,003 bales, and the increase over 1884
Dec. 2
Ket overland to Dee. 1
Southern consumpt’nto Dec.
1 452,425 321,300
1; 134,000j 105,000
341,137, 227,855
89,000|
78,000
3
Dec.22, ’87.
1« 678.398 bales.
Weather Reports bt
Telegraph.—Reports to us by tele¬
graph to-uight denote that the temperature has in general
been low at the South during the week, and that in about alt
ections rain has fallen.
Galveston, Texas.—We have had rain on four days of the
week, the rainfall reaching one inch and fourteen hundredths.
There has been frost on th ee nights and snow and ice on one.
Tlie thermometer has averaged 46, ranging from 32 to 66.
Feet.
O
New Orleans
Memphis
Nashville
Shreveport
Vicksburg
Above
Above
Above
Above
low-water mark.
4
low-water mark.
low-water mark.
low-water mark.
9
4
Inch.
6
G
3
5
3
Fed.
2
8
20
5
6
receipts
follows for
Dec. 22.
India Cotton Movement from all Ports.—The
and shipments of cotton at Bombay have been as
the week and year, bringing the figures down to
BOMBAY RECEIPTS ANI) SHIPMENTS FUR FOUR YEARS.
weather has been quite cold during
e Jan. 1.
Shipments i/us week. Bhipm cuts Bint
the extent of ten hun¬
Th is
Conti¬
Great
Tea?' Great Conti¬
has averaged 59.
Total.
Week.
Total. Britain
nent.
nent.
BriCn
San Antonio, Texas.—We have had dry but very cold
380,000 722,000 1,102,000 25.0001; 1,596,000
weather during the week. -Average thermometer 48, highest 1887 1,000! 4,000 5,000 330,000 712,000 1,051,000 33,000 1.535,000
1880 3,000 0,000 9,000
710,000 17,000 1,123,000
1,000 220,000 100,000
1885
1,000
74, lowest 16.
10,000 L,6G5jOOO
1,215,000
002,000
523,000
8,000
1884
0,000
2,000
[ Jffew Orleans, Louisiana.—It has iained on four days of
Figures for 1887 revised.
the wetk, ti e j air-fall reaching one inch and ninety hun¬
According
to the foregoing, Bombay appears to show
dredths, The thermometer has averaged 48.
decrease compared with last year in the week’s rJceiPj
Shreveport, Louisiana.—Rainfall for the week twenty-four
hundredths of an inch. The thermometer lias averag'ed 40, of 8,000 bales, and a decrease in shipments of 4,000 bales, an
the shipments since Jan. 1 show an increase of 51,000 oa •
ranging from 20 to 60.
Columbus, Mississippi.—We have had rain on two days of The movement at Calcutta; Madras and other India ports
the week, the rainfall reaching one inch and forty-eight hun¬ the last reported week and since the 1st of January, for
dredths. TLe theimometerdias ranged from 18 to 48, averag- years, has been as follows. “Other ports” eover^ Ley*
Tuticorin, Kurrachee and Coconada “
j
“^ ~
ng 39.
Palestine, Texas.—The
he week, with rain on two days to
dredths of an inch. The thermometer
*
*
THE CHRONICLE.
24, 1887.J
Shipments for the week.
Conti¬
nent.
Qreat
Britain.
Shipments since January 1.
Continent.
Britain.
Calcutta—
1887
1886
1887
2*6*00
2*606
iQQli
JLoOO
Total.
99,000
127,000
37,000
226,000
102,000
60,000
46,000
13,000
73,000
52,000
05,606
Madras—
uiglit liavo been marketed than last
6,000
■
^11 others—
1887
i',ooo
Total all-
i',6’66
88,000
09,000
38,000
57,000
126,000
120,000
3,6*66
247,000
180,000
178,000
100,000
425,000
280,000
-
_
•
_
1887
1886
3*000
The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales less than the same
week last year. For the whole of India, therefore, the total
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
as the weeks in different years do
not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
shipments since January 1, 1887, and for the corresponding
periods of the two previous years are as follows :
EXPORTS TO EUROPE FROM ALL INDIA.
1880.
1387.
Shipments
to
all Europe
j week.
1
j
i
Total
Th is
week.
This
week.
Since
Jan. 1.
Since
Jan. 1.
1,000
2,000
710,000
233,000
12,000j 1,331,000
3,000
949,000
COCO CO
\
5,000 1,527,000
constantly have before him the data for seeing the exact relative
for the years named.
The movement since
September 1, 1887, and in previous years, has been as follows.
movement
18S5.
1,051,000
280,000
5,000 1,102,000
| 425,000
Bombay
j
1
All other ports.
„
Since
Jan. 1.
This
;
from—
and from the Oomrawuttee
The quality of the*
small lots of new cotton that have been received is satisfactory, but it is
feared that the quality of the Khandeish cotton will not keep up to the
few samples received, which were picked before the late rains.
Heavy
rain fell in the Khandeish districts, and in the Berars a fortnight ago,
and in small quantities in Guzerat and the southern Mahratta country.
This will cause some dark leaf in the early arrivals from the former dis¬
tricts, but the outturn may be, if anything, a little larger. Broach is
spoken of as being materially improved, and unless damage is done by
frost later on a good crop of this growth may be looked for. Comptahs,
Dharwars, &c., are reported to be coming on satisfactorily, the rain there
having improved crops that have all along promised well. The pros¬
pects of the Dhollera crop are unchanged, the rainfall there having been
too light to affect the crop, but otherwise the weather has been season¬
able of late, with ample dews, which are said to have counteracted to
some extent the short rainfall.
Taking everything into consideration
the crops now promise an all-round yield about the same as last year.
Tear
i) lonlhhj
lleeeipts.
Receipts (eantars*)—
This week
Since fcept.
I
150,000
3,040,016
Pere’tage of tot. port
receipts Nov. 30
This
week.
Exports (hales)—
To Liverpool
Since
|
Sept. 1.
This
week.
j
To Continent
10,000
112,000'
10,000
78,000
Since
This
week.
Sept. 1.
18,000
1 15,000 4
0,000
51,000 ;
20.000 220,000 ALooo'lim.ooo1
"*
A can tar is 08 pounds.
This statement shows that the receipts for the
Dec. 21 were 150,000 cantars. and the shipments
Since
This
from—
■
N. Orleans..
Texas
Savannah..
is,000jl87,000
d.
XovlS 7'is
“
25 7 hi
Dec. 2 7 hi
“
9 7 hi
“
16 7 hi
“23 7'r'8
5,148.
S.
5
d.
8
;>
7 hi« 7
8
0
Ti
8*8
S 's
a> 84
5
a
5
5
7hi a 7
7 hi Ti 7
7 hi Tv 7
Exports
we
Shirtings.
d.
a
CotV n
Mid. '32* Cop.
'Twist.
8 4 lbs.
No.Carolina
week ending
to all Europe
Virginia....
North’n p’ts
Tenn.,&c..
Foreign
s.
a
7
'd) 7
t)
a.
0
0
0
d.
59 id
591«
5 r8
0
59i6
7-'k3
7**4 TiS
0
5 5h
7:4 Ti 8
lhi
5146 7;'1(; a 71'*16
8.
d.
5
5
5
5
5
5
7hi a 0
7 hi Ti 0
8
8
8
8
s.
d.
7 hi
74
compiled by us from
It will be noticed that
movement all to
pounds.
;
Ti 0
Tv 0
TM>
8
9
9
®0 10
54
5 4
54
5 4
have reduced the
Cloth.
yarn A 7 hn t<l
l>87.
; isms.
i
/,/»>•.
i
24,234
Kovembo-
;
So,719'
;
49,9-83- is,099 835,502
.
Total
>.
Yds.
U>.<. i y.i,
23,612, 409,90; | 42S.11."
24,ITS J25,5051 422.554
i
October...
j
188
is
IKS?.
U
18SR.
1887.
The
|
Th-' |
Lhs.
101,006
7*1,82-
103,1251
101.3 -6
850,969! 151,«151154,722i*>1 ,K9,s
0,350j
.
2-»5.67G
<.
Lb:-.
SI'S, 7 73
122
otton manufactures
IKkO.
77.894
Blockings and sucks
Sundry articles
Tjfal exports
202,"12
!
370
200,-11 ft
Unite 1 Kingdom during the two months 205,07t>,0h0 lbs. of
decrease
of
cotton,
against 200,438.000 lbs. last
!
J
year, or a
792,000 lbs.
j
Jute Burrs, Bagging. Ac —A fair demind is reported for I
an l the m -.rket is siealy.
Few large orders are !
reported, as the buying ii only for p esent wants of con- j
mmers. Sell-j-s are quoting 5
f )r
.-b,, 6c. for TV lb., »
2 lb. and 7c. tor st iulirl grades.
O.iiy a light,
business is noted in bu ts. though some iuqu rv is reoofte i for
futures. For paper grades the prices are
while
N?ging
^ging qualities
quoted at 2%%%^jC.
East India Crop.—-The following is from the B ombay Com¬
pany’s (Limited) Cotton Report of November 18:
are
190,581
167,700
2,319
6,658
2,013
79.6 SO
1.9 75
j
22,057
113,130
42
10,791
j This
!
week.
j
This
Since
Sept.1.!
week.
Sept. 1.
Since
|
|
......
...«
,
#1
4.251
39,538
2.050
2 600
1,00 >
1,000.*
......
......
;
......
G 42
38,117
13,037
3,380
t
f
•
*
j
4
3,092
330,087
37,185
1,390
•
29,782
1,020
3,415
i
2,247
•
,
!
1,617
9,099
1,695
11,329
356
1,804
4,054
57,13#
l
■
i
,
7,06®
1,359
j
45,"92
723,950
26,565
253,0 2
8,98 J
41,960
6,789
95,783
4 -,993
076,203
13,532
192,-64
4.977
56,103
11,199*
101,366
...
Nettie Murphy, 1,324
To Havre, per ships Cashmere,
4,505
8,545
-
004
300
1,551
300
325
440
3,173
100
000
842
31,111
10,212
0,100
600
* 2,897
2,491
2,307
3,700
Tuskar, 5,017
To Bremen, per steamer Cassius, 0,100
To Barcelona, per bark Teresa Figucras, GOO
M< >iai.e—To Liverpool, per steamer Brabo, 2,807
Savannah—To Liverpool, per bark Tikoma, 2,491
To Bremen, per bark Melehiorre, 2,307
To Genoa, per steamer Buteshire, 3,700
Brunsv k k—To Liverpool, per steamer Handel, 5,233
4,835
4,977
1,847
4,900
7,525
3,457
3,457
Boston —To Liverpool, per steamers Norseman,
Total
27,340
1,524
4,412
3,082
9,741
5,213....
Newport News—To Liverpool, per steamers Oxenholmo and
Thnnemore. 7,525
Baltimore- To Liverpool, per steamers Assyrian and Baltimore,
1,010
Pal¬
Dominion, 50
To Halifax, per steamer Worcester, 200
Philadelphia—To Liverpool, per steamer Lord Gougli, 1,003
To Antwerp, per steamer Switzerland, 900
-
5,233
5,450
..
ington City, (5,300
To Havre, per bark Moorliill, 1,524
To Bremen, per steamer Primate, 4,412
Wilmington—To Liverpool, per bark Paragon, 3,082
To Bremen, per steamer Stranlon, 4,977.
To (ilient, per bnrk Auguslinus, 1 ,k 17
Norfolk— To Liv< rpool, per steamer Benbrack, 4,900
West Point—To Liverpool, per steamers Pontiac, 4,498...Suez,
..
for the past fortnight are considerably less than for
g^^yresponding period last year, due mainly to the lateness of the
,"ou«ai.orop, of which description abou :5,000 bales less during the for
tons. 010
Galveston—To Liverpool, per steamers Enfield, 5,071... Fairlield, 4,765
East met, 0,354
Triumph, 4,850
Wash¬
myra, .009
To Yarmouth, per steamer
^-jkoeiptsof .cotton
Since
Sept. 1.
3,280, Charleston—To Bremen, per steamer Sportsman, 5,150
To Bareeloua, per steamer Pawnee, 1,225
per brig Para;
foregoing shows th it there has been exported from the !
manufactured
This
week.
Baltimore.
Total of AH.
0C0;i Q mitt til.
;
ye:ir..
Since
Sept. 1.
310
12,689
PHILADELPH’a!
BOSTON.
Liverpool, per steamers Adriatic, 1.71G
Arizona, 1,058
Aurania, 1,351
England, 2,231
Lake Superior, 5-1.3 ...Ohio, 1,(540
To Hull, per steamer Persian Monarch, OO P
To Leith, per steamer Crystal. 300
To Havre, per steamer La Normandie. 1,551
To Bremen, per steamer Eider, 300t
To Hamburg, per steamer California, 325
To Rotterdam, per steamer P. Calami, 440
To Antwerp, per steamer Westcrnland, 3,173
To Christiana, per-steamer Geiser, 100
To Copenhagen, per steamer (Jeiser, 000
To Genoa, per steamer Alsatia, 812
New Orleans—To Liverpool, per steamers Asturiano, 4,125
the Brit sh Board of
we
Gross Receipts of Cotton at
New York-To
Britain for the month of November and since October 1 in
Trade returns.
39*90
Total bales
53iq
53,6
give the exports of cotton yarn, goods, &c., from Great
1887 and 1880, as
the
49*90
53*50
of cotton from the United
mail returns, have reached
165,553 bales. So far as the Southern ports are concerned, these
CotVn
are the same exports reported by telegraph and published in
Mid.
Cplds the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
d.
Cotton Goods from Great Britain.— Below
of
are
40-78
Shipping News.—The exports
States the past week, as per latest
84 lbs.
d.
d.
7:{h Til'S
< :h
Tv 8
.
This year
East.
tiiis and
Shirtings.
Cplds
i
•18-70
i
■
So. Carolina
1 880.
q
Tv 8
1
130,071
2,309
11,490
Florida
Manchester M arket.—Our report received by cable to-night
from Manchester states that the market
firm
for
is
both yarns and shirtings.
We give the prices for to-day
1 8 >7.
j
week.!
Sept. 1
1,000^125,000
4,000, 02,000
below, and leave tlio.se for previous weeks of
last year for comparison :
590,912 2,524,718 2,557,994 2,120,284 2,401,937
Nar York.,
Receipt*
20,000 bales.
32 s' Cop.
Twist.
1882.
Philadelphia and Baltimore for the past
week, and since September 1, 1887.
Mobile
...
1883.
New York, Boston,
130,000
1,883,000
,
i
r
2
..
1885.
225,000
1,847,000
j
2,020,000
1
1884.
197,259(1,083,552
Total
The Following
1880.
1887.
Dec. 21.
1885.
|
359,203
345,415
385,042
Bept’mbT 05 J ,770
343,812 326,656
October.. 1,213,101 1 ,034,450 1L,055,521 1,090,385 1,040,092
9S0,584
Novemb’r 1,178,430 1
1,122,104 1,030,380 1,094,697
Liverpool and Alexandria, we noreceive a weekly cable of
the movements of cotton at Alexandria, Egypt.
The follow¬
ing are the receipts and shipments for the past week and for
he corresponding week of the previous two years.
Total Europe
1880.
!8S7.
Beginning September 1.
1
Alexandria Receipts and Shipments.—Through arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Alexandria, Egypt,
year,
districts about 2,000 bales less have been received.
Great
Total.
861
1
December
..
2,219
50
200
1,603
900
.165,553
THE CHRONICLE
862
in
particulars of these shipments, arranged
form, are as follows :
ltot ter d.,
The
Aniw'p, Bctrceand
and li\en <£
Leith. Havre. Hurnh. Chmt.
904 1,551
8,545
G25 4,313
Liver-
pool-.
New York.
N. Orleans.
Mobile
Galveston
27,3*40
.
Norfolk
"West Point.
...
V:
Newport N.
Balt fmore
Boston
.
....
3,700
5,450
4,412
4,977
4,835
Total... 110,204
16,780
48,023
2.897
1,847
......
250
900
8,498
5,233
10,285
33,276
9,906
4,900
9.741
7,525
3,457
2,469
'2,563
carrying
Below we add the clearances this week of vessels
cotton from United States ports, bringing our data
the latest dates:
down to
Galveston—For Bremen—Dee. 20—Bteamer Marchioness, 6,094.
For Amsterdam—Dec. 17—Bteamer Invermay, 3,495.
New Orleans—For Liverpool—Dec. 19—Steamers Catalan, 2,750; Gor¬
don Castle, 4,482 ; Lismorc, 3,792.
For Havre—Dec. 16—Ship Prince Lucien, 5,026
Dec. 19—Ship
N. B. Lewis, 4,460.
For Bremen—Dec. 16—Steamer Chancellor, 5,150
Dec. 17Steamer Thomas Turnbull, 5,235.
For Antwerp—Dec. 19—Steamer Mandalay, 3,155.
Bavannah—For Liverpool—Dec. 17—Steamer Elsie, 6,596.
For Bren en— Dec. 16—Steamer Naples, 6,126.
Wilmingtoi —For Liverpool—Dec. 21—Bark Sidon, 1,545.
For Havre—Dec. 21—Bark Albatros, 1,850.
Norfolk—For Liverpool—Dec. 21—Steamer
Boston—For Liverpool—Dec. 14—Steamer
.
17—Steamer Urbino, 937.
20—Steamer British King,
Baltimore—For Rotterdam—Dec.
d.
d.
d.
d.
d.
d.
d.
5 40
5 40
5 40
5 41
5 41
5 41
5 41
5 40
5 40
5 40
5 40
5 41
5 41
541
5 41
...
lan.-Feb
5 40
5 40
5 4 »
5 40
5 41
5 41
54L
5 41
...
5 41
541
5 41
5 41
5 43
6 43
6 43
5 43
5 43
5 43
5 43
5 43
5 45
5 45
545
5 45
6 45
6 45
5 45
5 45
5 47
5 47
5 47
5 47
5 47
5 47
5 47
5 47
5 49
5 49
5 49
5 49
June-J uly..
5 49
5 49
5 49
5 49
5 51
5 51
5 51
5 51
July-Aug...
5 51
5 51
551
5 5i
6 53
5 53
5 53
5 53
Feb.-March
Mar.-April.
Aprll-May..
May-June..
Open High
\low.
d.
5 39
d.
d.
d.
d.
519
5 39
5 39
5 39
5 39
539
5 40
5 39
5 39
5 38
5 88
5 39
5 39
5 39
5 39
I 5 38
5 38
5 38
5 38
5 39
5 39
6 39
5 39
i
5 39
5 40
5 19
5 40
5 40
5 40
5 40
540
5 41
5 41
5 41
5 41
6 41
5 41
511
6 41
5 43
5 43
5 43
5 43
5 43
5 43
513
543
545
5 45
5 45
5 45
5 45
5 13
5 45
545
5 47
5 47
5 47
*
47
5 47
5 47
5 47
5 47
5 49
5 49
5 49
5 49
6 49
5 49
5 49
5 49-
d.
d.
5 40
5 40
3ec.-Jan
5 39
5 40
5 39
5 89
5 40
5 39
5 40
5 41
5 41
541
5 41
42
5 43
5 42
5 43
44
5 45
5 44
5 4i
May-June..
5 40
5 47
5 40
5 47
June-Jul*..
5 48
5 49
5 43
5 49
Ju'y-Aug
550
551
5 5J
6 51
..
Open High Low. Clot.
5 39
d.
5 40
Feb.-March
Mar.-April. 5
April-May. 5
Open High Low. Clos.
| d.
d.
5 40
..
L.
Clos.
December..
Jam-Feb.
Frf„ Dec. 23.
Thurs., Dec. 22.
Wednes., Dec .21.
'
:
!|
d.
<L
ii
BREADSTUFFS.
Friday, P. M.,
*
December 23, 1887.
feature or
rule,
traie has be n
market has been without important
The Hour
decided change in values. Exporters have
been able to meet the vi >ws of holders and
not, as a
1,446.
quiet in that direction, while the local dealers have supplied
Below we give all news received to date of disasters to vee
gels carrying cotton from United States ports, &c.
only their more urgent needs.
The whe t speculation opened weak, under a considerable^
Merchant Prince, steamer (Br.). Taylor, from Galveston, arrived at
Bremen Dec. 21.
Her foreliold cargo was damaged by tire.
selling movement for the purpose of realizing promts. Bat
Cotton freights the past week have been as follows :
danger to the fall-sown wheat in the Northwest from a
Fri.
Wednes. Thurs.
blizzard” of great severity aid the darkening of the warTues.
Mon.
Satur.
cloud
on the co-tinent of
Europe not only checked the
%
%
%
*8
*8
Liverpool, steam d. i8®9e4
decline, but caused som^ advance. The speculition, however,
Do
sail... d.
*8®7.6
3b®7ic
3b®7ie
was not active, and in wheat on the spot the slight advance
3g®7l6
38®7ie
3e®7ie
Havre, steam
c.
Do
sail
c.
A.' the
was sufficient to bring busir e-s almoet to a ttindstill.
38
38
38
38
38
*8
c.
Bremen, steam
lower prices early in the week a line of white wh. at wasDo
6ail
c.
taken for shipment to Barcelona.
38
To day there was a slight
38
38
38
38
Hamburg, steam c.
further
improvement
in
fulurts
and
a betttr business wag
Do
sail.-.r.
35*
35*
35*
35*
35*
35*
done on the spot, including a line of 50,000 bushels spring
Amst’d’m, steam c.
Philadelphia—For Liverpool—Dec.
i'i
d.
Bn
Dec.-Jan
Lake Winnipeg, 7,714.
Catalonia, 1,335.... Dec. 19-
Steamer Michigan,
December..
250 165,553
7,060 9,977
90413,287 23,871
Open High Low. Clos. Open High Low. Clot.
Open High Low. Clos.
Total
fax.
Tues., Dec, 20.
Mon., Dec. 19.
Sat., Dec. 17.
usual
Yar¬
mouth
and
Hali¬
842
600
2,307
1,663
Philadel’ia.
i-
1,524
3,082
4,900
9,741
7,525
3,457
2,219
Wilmingt’n
and
Ge*ca.
10,212 6,100
31,11 L
2,897
2,491
Savannah
Brunsw’k..
5,233
Charleston.
Iona
Brim. Copen-
Hvll
our
[Yol. XL\
“
....
....
i
!
....
....
t-f.
Do via Leith-tf.
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
15G1®°32 15G4-932
Reval, steam —d. 15G4~I9(34 lrV4"1961 15G4~19U4 1504 ®932
d.
sail
Do
•
....
732
Barcelona,steam d.
Genoa, steam .. d. 13(54® 730
%
Trieste, steam.. d.
1164
Antwerp, steam d.
732
732
732
".‘52
*4
>4
%
%
11«4
U32
h-2
■
**04
732
7.‘52
7:52
7:52
732
export.
73i
%
532
January delivery
February delivery
March delivery
April delivery
4.
May delivery
June delivery.
*
Per 100 lbs.
Liverpool.—By cable from Liverpool we have
ing statement of the week’s sales, stocks, &c., at
We add previous weeks for comparison.
the follow¬
that port.
Indian
ment.
Sales of the week
bales
Of which exporters took
Of which speculators took...
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
Market,
.
23.
74,000
3,000
6,000
51,000
9,000
20,IKK)
582,000
570.000
3512,000
103,000
71,000
253,000
389,000
85,000
67,GOO
287,000
402,000
221,000
235,000
270,000,
255,000
Liverpool market for spots
Good
demand.
75,000
Ds
3,000
4,000
40,000
13,000
29,000
571,000
384,000
114,000
94,000
231,000
Saturday Monday. Tuesday.
)
Dec. 10.
63,000
3,000
4,000
41,000
7,000
29,000
582,000
60,000
day of the week ending Dec. 23 and
of spot cotton, have been as follows :
Sjwt.
Dee. 9.
In buyers’
favor.
5,000
4,000
52,000
9,000
22,000
83,000
270,000
and futures each
the daily closing prices
Wednes.
Thursday.
Firmer.
Good
demand.
Friday.
Quieter.
Mid.Upl’ds.
55a
5iii«
51*16
534
51*10
534
534
534
5 -'4
10,000
10,000
1,000
10,000
15,000
1,500
15,000
10,000
1,500
1,000
Steady at
Easy at
Dull at
2-04 de¬
1 H4 ad¬
cline.
vance.
2-04 de¬
cline.
Easy.
Firm.
Sales
Spec. & exp.
1,000
1,000
5**10
Market,
?
$
t
4 P. M.
\
Market,
5**10
5*i1g
Quiet at
Weak at
l-04OdV-04
decline.
Steady.
Quiet.
Quiet.
Barely
steady.
partially
1-04 dec.
Very
steady.
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
|3r* The prices arc given in petite and
d.4 an t 5 01 means 5 1-6 id
r
Thurs.
90*i
9178
93
94
94 %
9f>
9110
92i4
93*8
941*2
9514
95 J‘2
98*8
987s
91%
92
93 *‘2
-
93*8
97
Fri..
91 h
92*8
9312
94%
9514
9514
98%
speculative move¬
fell off
Unwed but the speculation
small proportions and the regular trade came almost
standstill. To day the market was dull and drooping.
PRICES OF NO.
DAILY CLOSING
Oats have
Mon.
Sat.
62
62 4
January delivery
February delivery
May delivery....
61
6II4
62 >4
631s
63 J8
been less active
2 MIXED CORN.
Fri.
Tues.
Wed.
Thurs.
61%
61*4
62*8
61*8
6173
62i8
62%
62 *4
011*2
01 %
62*4
62%
*
but the range of values was
sustained, but the close was dull.
pretty well
DAILY CLOSING
PRICES OF NO. 2 MIXED OATS.
Hon.
Tues.
Wed. Thurs.
Sat.
January delivery
February delivery
May delivery
Rye is scarce and
38
38%
3958
38
38*8
397s
38%
33%
40
38*s
39
40%
38*8
39
40
Fri-
33%
39
40
firm. Barley has been dull and unsettled
male in fair demand at
buo the close is tteadier.
Barley
about efc- ady prices. The following are the closing
flour.
Flue
$ bbl. $2 20®$£2 50
Superfine
2 50® 3 00
Spring wheat extras. 2 80® 3 20
3 65® 4 60
Mum. clear and stra’t.
Wintershipp’gextras. 2 85® 3 25
WinterXXandXXX. 3 30® 4 30
Patents
4 25® 5 00
Southern supers
8outh’u com. extras..
2 75® 3 00
3 25 ® 3 50
Southern bakers’
and
family brands
Rye hour, superfine..
Fine
Corn meal—
Western, &o
Brandywine
Buckwheat flour, per
100 lbs
Oats—Mixed
Wheat-
Spring, per bush...
Spring No. 2
Red winter No. 2...
Red winter
White
The
4
Wed.
90’4
91*8
9 2 hi
93 hi
94 4
94*8
97 78
$3 60®$4 3O
3 50® oia
270®
2750
0-
3-a
3
2o® 2 Jo*
3 00®
3 20®
^
2
n„r
GRAIN.
Futures.
12:30 p.m.
Tues.
89*8
90*8
quotations :
}
Mid. Orl’ns
Mon.
declined under a check to the
Some recovery f.
105,000
Firm.
12:30 p.m.
corn
Sat.
K9%
‘JO7*
9 is*
93
93 34
93%
97
to x ery
to a
Dec. 2.
The tone of the
delivery....
December ’88
2 RED WINTER WHEAT.
CLOSING TRICES OF NO.
DAILY
....
....
....
....
for
QLths
hus:
4 63 meant
Corn—West’ll mixed.
West’nmixedNo. 2.
Western white
Western yellow
"White Southern
By e—
State & Pa.,
$ bush.
White
No. 2 mixed
No. 2 white
84 ®
90 ®
91
83
83
®
®
®
58 ®
61%®
59 u
59 ®
®
G7
®
Barley—
Canada No. 1
Two-rowed State..
Six-rowed State
Milwaukee No. 2...
Malt—State, 4-rowod,
State, 2-rowed
§
Buckwheat
■o
37 ®
38
®
37%®
3S'%®
^
93
77
S3
82
^
®
®
®
|J5 'SlOO
®
90
So 9
CO
.*
THE CHRONICLE.
24, 188‘«*:J
December
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
“York Produce Exchange. We first give the receipts at Western
’lake and river ports, arranged so as to present the compara¬
863
By adding this week’s movement to our previous totals we
following statement of exports this season and last
have the
season :
for the week ending Dec. 17, 1887, and since
tive movement
Flour.
August 1, for each of the last three years:
Dec.
Flour.
Receipts at—,
Corn.
Wheat.
Oats.
Barley.
Bbls.imbs Bush.GOlbs Bush.bQlb* Bush 32 lbs
180,520
•Chicago
Milwaukee.
18,090
.
8,000
"Toledo
Detroit
Cleveland
cfit. Louis
4,853
4,404
..
20.827
Peoria
Duluth
2,025
[
479.030
274.900
1,009,600
8,000
600,595
61,420
130,753
13,128
8,100
30,050
40,864
78,152
12,500
1,008,819
1,242,080
Minneapolis.
490,025
243,500
Tot.wk. ’87.
245.451
3.398.123
Same wk.’86.
238 682
2,891,441
1,870,135
1,813.088
Same wk.’85
144,409
1,977,705
1,933,090
-Since Aug. 1.
1887
5,058,960
4,338,804
3,648,882
1886*
1885*
*
Include
Wheat.
Corn.
Sept. 1,’S7. Sept. 1,’80, Sept. 1,’87, Sept. 1,’88, Sept. 1,’87, Sept.l,*86.
Exports tc— to
Rye.
'us/i.48 lbs
56 lbs
.
62,000
22,186
12,858
8,031
7,000
3,200
11,707
59,222
45,090
15.004
64
384,325
177,200
129,532
8,830
41,050
18,150
1,090.053,
708,170
60,800
1.327,OS0|
992,429
723
3551
041,664
40,000
44,083
14.547,288
920.989
1,241,400
1,930,045
66,027.778
37,202,118
50,942,023
38,080,305
40,018,081
32,509,7091
13.221,760
40,022,940
28,754,102
11,448,027
35,931,487
Un. Kingdom
Dec.
17, 1887.
Bbl*.
2.074,830
to Dec.
to Dec.
to Dec.
IS, 1880.
17, 1887.
18.1880.
Bush.
Bush.
Bush.
7,804,517
5,220.5-0
17,832
11,581,132
8,944,784
5,021,930
1,353,294
0,402,807
2,797,971
15/63
8,071
115,400
09.240
297,862
0,421
4,505
10.530
220,693
17,652
22,130
05,711
3,757,258
2,813,337
13.084.985
20,010,531
182,940
S. &C. Am...
West Indies.
297,263
278,705
Brit. Col’nles
Oth. countr’s
312,930
13,313
7,210,707! zizzzz:
Exports of Breadstuffs for November, 1887.—The fol¬
lowing, made up from the statement issued by the Bureau of
Statistics, shows the exports of domestic breadstuffs from the
under-mentioned customs districts of the United States foi
the month of November in 1887 and
1886; and for the five
months since
July 1, 1887
:
November.
Breadstuffs Expts
Flour
17, inclusive,
busb.
1887.
*1886.
10,711,087
10,837,674
11,817,069
New York
Boston
58,432,815
47,714,844
92,175,550
51,SOS,728
64,384,051
Philadelphia..,
80,803,781
09,025,781
Rye.
*1885.
80,525,588
48,468,861
10,388,873
1,570,077
grain... ‘2! 14,389,679
Include
Below are the rail
ports for four years:
Week
Tier. 17.
Week
Dec 18.
Wheat
Corn
bbls.
454,977
215.808
....bush.
798,374
306,162
1,627,174
779,008
!
'Oats
1,011,657
895),901
389,04(5
48,195
Barley
Rye
Total
Flour
ending—
Total, barley...
Corn, bush.
New York
Boston
.
21,509
2,011,527
shipments from
Wheat,
same
Corn,
Total, corn...
Corn-meal, b>
New York
Boston
215,443
1,114,(542
667,597
258,008
30,367
409,794
809,043
Philadelphia.
ports for last four
Oats,
bbls
bush.
bush
454,077
708,374 1.011,657
483,‘201
758,272
858,015
454,721 1,123,727 1,038,203
466,621 1,724,983
707,099
1,913,755
Barley,
bush.
Rye,
bush.
800.001
380,946
887,597
468,548
503,034
348,631
825.550
833,948
bush.
48,105
24,224
30,639
21,428
Tot. 4 wks..1,859.(510 4,405,356 3,616,864
3,446,996 1,702,059 124,486
•4 weeks ,86.1,386,106
4,713,738 3,083,330 2,457,046 1,072,448 90,244
Flour,
Wheat,
Corn,
bush.
bush.
b ush.
312,750
13(5,636
90,996
285,268
48,850
106,170
14,800
10,825
57,172
66,600
bbls.
167,319
139,516
6(5,(540
19,200
45,2(56
4,445
25,433
Philadelphia..
Baltimore
Richmond.
Norfolk, Ya...
...
Oafs,
53,433
2,430
75,853
18,134
160,444
337,185
6,742
5,818
40,800
91,564
New Orleans..
Barley,
Rye,
bush.
bush.
550
950
600
210
50
398,937
578,643
823,567
327,129 1 ,231,527 1 ,026,862
•508,810 126.875
539,388 323,576
6,560
1QQ7
*lour
Wheat
£°ni
*»1 fta*.
*1 QQ1
13,410,549
13,417,150
13,827,088
bush.
84,754,318
47,652,851
35,750,970
5,617,019
726,451
71,453,457
77.110,710
37,038,179
6,503,136
613,659
45,642,455
69,688.360
Barley
Total grain
*
Include
*1 QQli
15,055,731
84,715,534-47.847,931
41,514,903
6,281,708
1,140,034
32,256,114
6,443,457
5,525,368
174,510,639 192,719,141 179,297,634 161,761,230
one week extra.
The exports from the several seaboard
ports for the week
ending Dec. 17, 1887, are shown in the annexed statement:
Exports
from—
Wheat.
Bush.
5^ York
367,607
Portland,
81,392
7,254
Boston...
h. News.
Jhlladel.
Baltlm’re
"•Orl’ns.
w’k.
Bush.
21,384
12,400
Flour.
Bbls:
87,999
I 8,000
8,000
107,020
117,602
20,447
5,128
1,630
8,506
41,574
97,803
047
Riohm’d
Norfolk. .*
8^otlme
Corn.
Oats.
Bush.
Rye.
Peas.
Bush.
Bush.
2,666
3,375
34,890
11
102,835
4,842,211
3,483
340,074
132,822
1,903,750
2.500,675
437,828
28,484
380,918
888,106
41,000
873,489
5,151,108
8
»
709.157
55,59<.
70-,317
1,882,091
870.221
207,710
28,280
325,118
194,393
130,147
20,130
144,000
2,640,048
1,380,597
8,013,589
1,420,8-5
10,300,057
7,900
23.029
24,00 J
11.838
9/29
3J.970
23,313
43
24
128
200
350
530
750
54.400
00.521
1,201
71
J
2
3,533
8.406
3,400
8,V29
20,802
50,924
25,084
66,000
15,387
5.710
282
18,439
115
7.503
273
1 6
90
830
523
33
875
1,100
350
9,52<>
4,095
0,728
2,7o2
Oats, bush.
New York
Boston
....
Philadelphia..
Baltimore....
New Orleans.
350.550
68.035
557
Total, oats
Oatmeal, lbs.
New York
Boston
103,409
295,302
Philadelphia....
Baltimore
New Orleans....
..
50,000
..
7 1
156,113
141,041
3,511
1,000
70
211
13,362
32,323
120,177
835,408
73,377
1,1011
8,730
1/22
28,590
461
1,300
935
555
355
43,501
28,315
21,010
7,241
00,178
10,553
27,787
11,404
152,200
3,070
12,050
258,075
840,750
6.768
10,120
327,084
6.904
1,012,303
31,443
2,500
23/00
700
200
7
393,910
13,440
25
0.100
187
10.400
173,000
827
4,325
150,250
8,005
37.90)
012,050
15,10d
087,811
23,047
7^8,075
20,910
2,384,272
98,299
5,997
3,576
i
848
7,333
>
Rye. bush.
,
140
10
!
New York
Boston
"
3,000
Philadelphia..
1,8'JO
1.237
Baltimore....
New Orleans.
7/83
11,912
7,385
3,000
1,800
18.902
11,809
1,094,904
2,028,044
2,251,97?
15,913,202
120,280
454,9->3
00,773
900.145
156,300
109,903
379.070
49.318
1,840,530
1,403,989
15/03
12.630
532,055
470/09
850,214
707.056
82,040
75,033
4,033.470 3,303.075
73,700
01,820
1,079,01)0
3,000,, 28
5,10*,37i>
1,213,025
8.183,709
4,824,090
13,853,097
1,043,804
2,934,505
4,281,614
1,048,510
7,582,187
8,310,018
3,786,424
3,071,321
8,201,029
6/70,480
40,378,243
31.659,035
410,950
1,708,050
102,300
851,800
271,280
274.542
1,357,560
1,401,783
803.270
50,931
893,375
0,704
521,490
191,3l0
1,839,378
03.188
852,551
170,403
834,312
2 ■'5,633
1,287,035
20,587
894,087
3^9,004
7,809,274
4,122,032
1,239,873
0,324/46
98.220
1,020,734
1,750,735
3,997,803
6,052.190
22,971,120
Total, rye
Wheat, bush.
....
184.229
Philadelphia.
Baltimore
New Orleans
Total, wheat.
Wheat-flour,
New York....
Boston
Philadelphia
Baltimore....
99
‘l 1,912
11,012
14.504
San F.jiWirm’te
Other cus. dist’s*
111,390
52,590
245,199
180.904
1,532
140,0*3
45,447
Total,wheat-flo’r
1,084.319
4,020,218
917.014
...
New Orleans
3.314
Totals.
New York
Boston
Philadelphia
Baltimore
New Orleans
San F.&Wil’m’te
Other cus. dist’s*
....
Grand total
•
.
15,197
410.62*4
3.402.022
1,299,309
881,251
1,933/59
200,70*3
1,804,185
422,511
•••«••••
9,503,703
4,350,930
397.893
24,359.053
0,382.214
4,207,740
11,002,506
2.083,400
9,370.890
5,090,998
12.508,841!
63,300/12
1,104,070
003,949
1,834,017
249,815
8,091,447
1
Value of exports from other customs districts for the month of
Nov., 1887:
Braios, Texas
Chicago, Illinois
Detroit, Michigan
Duluth, Minnesota....
Huron, Michigan
Miami, Onto
$8,535
New Haven
80,913
Portluud, Me
Rtchmoud, Ya
Yorkiown, Virginia.
87,499
48,180
108,597
30,000
Total
$4,735
856
10.153
03,054
*
$422,511
Not a.—This statement Includes about 98 per oent of the
entire exports of tha
articles named from all ports of the country.
4,244
552,252
256,706
209,168
2,666
......
38,265
.137,456
650.320
225,151
12.852
14.657
16.585
102,606
9
188,052
*
Jan.
hbls.
188,075
553,318
!
206,055
132,233
232,205
107,880
2,316
...
...
The total receipts at the same
ports for the period from
1 to December
17, compare as follows for four years:
00
3
New York
Boston
26,925
100.857
42
203,433
4300
14,850
3,125
240,723
201,305
New Orleans..
The receipts of flour and grain at the seaboard
ports for the
"week ended December 17, 1887, follow:
At—
18,653
1,157,879
384/81
280,008
490,218
9.230
Baltimore
158
18,658
12
1884.
214,919
*
010,800
233,445
Baltimore
142,152
2,286,057
220
1,180,00(5
402.020
*
481,272
184,952
18,094
42,570
37,912
New Orleans...
Week
Fee. 20.
-
2 77,(574
3,139,073
The rail and lake
weeks were:
37s\)\2
♦
Week
Dec 19.
Value.
i
3
<-
iFiour
50,610
3
and river
1885.
jQuantith’.ti
$
....
Philadelphia...
1886.
Five Months.
Value.
Baltimore
209,792,050
shipments from Weatarn lake
Quantities
$
5,809,107
5,972,547
2 101,461,815
1880.
Value.
Barley, bush.
82,3(50,400
51,2(56,545
7,479,7(54
2,192,929
199,365,661
18S7.
Dec, 17',’87.
Dec. 10/87.
Dec. 3/87.
Nov. 26/87.
*1884.
week extra.
one
Week
show
lo,012,182
52,779,889
10,598,528
1,181,(576
Total
in four years,
1887.
1887.
Qu'ntities
Parley
•
to Doc.
1
Jan.
bbls.
Wheat
'Corn
‘Oats
150,830
5,700
17,105
38,524
week extra.
one
ports from
as follows:
Bush.
1,823,400
174,224
303.991
233,315
Continont...
Total
to
18. 1880.
Bbls.
348,805
105.877
1
to Dec.
17, 1887.
The visible supply of grain, comprising the stocks in
granary
at the principal points of accumulation at lake and
ports, and in transit by water, December 17, 1857
seaboard
•
bush.
2.000
33,000
2,695,939
474,855
197,108
72,801
4,914,958
1,089,289 1,040,580
27,088
327,416
1,908,864
5,389,745
1,847,182
32,421
afloat
afloat
Dr>
Chicago
Milwaukee
Pnliitii
Toledo
Detroit
Oswego
St. Louis
4,770,512
afloat
Do
30,000
Cincinnati
250,991
Boston
Toronto
110,475
125,150
0117,472
04,249
204,260
400,082
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
7,000
0,300
17, ’87.
10, ’87.
18, ’80.
19, ’851
Tot Dec. 20, ’841
43,231.009
41,980,155
01,459.874
58,701.953
43,003.451
Minneapolis and St.
t
According to
10,000
111,000
900
Total stock (pieces)
i^c. per
44,591
10,740
amount of new
27,942
commission houses.
3,200
5,330,409 0,091,270
4,958,805 0,233,450
12,004,003 5,098,039
7,338.250 2,800,004
4,320,792 2,000,948
ending Dec. 21. ;
1,405,000
215,000
Week ending Dec. 14.
397,000|
08,000j
Corn.
1,501.000, 452.000
204,000! . 70,000
405,000! 1,705,000' 522,000
14,120.000 4,170,000
3,120,000! 20,500,000
2,500,000
Indian wheat for the week, year and season
j
13,440,000 3,729,000!
Week
Exports.
To United Kingdom
To Continent
Total
cnd'g Week end’g April 1 to
Dec. 17.
Dec. 10.
Dec. 17.
busli.
bush.
100,000
180,000
180,000
60,000
12,210,000
11,440,000
bush.
280.000
240,000
23,680,000
DRY GOODS
Importations of Dry
TRADE.
Friday, December
23,1887.
H
o
far as the commission
concerned. In jobbing circles it
than an average
and importing houses
is probable that rather
distribution was made for the time
of
of staple and
while
staple cotton
holding
in
future.
Printing
cloths
are
dearer
at
the
manufac¬
the
turing centres, and prints have consequently appreciated,
makes of light fancy prints, etc., having been opened
the order demand for assorted lots
department goods having been better than usual,
a very
considerable package trade in domestics, printp, etc., was done
by a few of the large jobbers. The market for
goods continues very firm, and the mill agents are
many makes “ at value” in anticipation of higher prices
near
some
considerable advance upon
from
last season’s prices.
Cotton Goods.—The exports of
this port for the week ending December
Domestic
cotton goods
20 were 2,350
These shipments include 1,349
to South America, 400 to China, 375 to the West Indies, 87
to Mexico, 57 to Europe, 43 to Central America, 28 to Africa,
|and 11 to all other countries. Since the 1st of January the
exports aggregate 186,118 packages, valued at $11,345,298.
Of this total China has had 87,552 packages, valued at
$4,171,889, and 41,632 packages, valued at $2,983,222, have
gone to 8outh America. For the similar period of 1886 the
exports to all ports reached 203,919 packages; and in 1885
173,458 packages. At first hands the demand for
staple plain and Colored cottons was only moderate, but the
movement on account of back orderi was of good aggregate
propoiFens, and prices continue very firm all along the line.
PriEt cloths were very active, and the market closed very
Btrorg on the basis of 3foi 64xC4s| and 3 l-16@3i£c. for
packages,
were
valued at $165,621.
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moderately large movement
account of previous
certain spring and
remote dis¬
in volume ss
Goods.
importations of dry goods at this
ending Dec. 22, 1887, and since Jan. 1, and
past week has witnessed a
n staple cotton and woolen
goods on
transactions, and very fair shipments of
summer fabrics were made in like manner to
tributing points in the in erior, but new business was
The
more
pertinent to this important
was harmonious and a
permanent organization was effected from which a satis¬
factory outcome is expected. Light-weight clothing woolens
quiet in demand, but very fair deliveries of cassimeres,
worstecs, cheviots, &c„ were made (on account of back
orders) by the commission houses. Heavy woolens have met
with rather more attention from clothiers, but transactions
only moderate in the aggregate. Jersey cloths con¬
tinued in good demand by the manufacturing trade, but
cloakings have relapsed into a quiet condition. Satinets and
Kentucky jeans have shown very little animation, and the
demand for flannels and blankets was almost wholly of a
hand-to-mouth character as usual at this stage of the season,
All-wool and worsted dress goods continued in fair requtst,
and a pretty good business was done in carpets.
Foreign Dry Goods.—The demand for foreign goods at
first hands was exceedingly light, and the jobbing trade was
by no means active. The auction season has practically
closed and such public offerings as were made during the
week were light and unimportant. Staple goods are generally
steady in price and stocks are as a rule in very good shape.
The
New York,
were
certain abuses about the
were
below:
THE
in regard to
292,902 3,598,903
420,400 2,950,909
707,820 2,298,484
035,010 1,950,858
1,080,000
Same week in 1880..bush. 22,000,000
Indian Wheat
first hands, and some
agents at an advance of
Woolen Goods.—The event of the week in
goods circles was a conference of manufacturers and
279,079 3,000,S00
Wheat.
Corn.
Wheat.
United Kingdom..qrs.
Continent
i
exports of
537,000 1,362,000
were
1 Vcek
The
232,000
25,000
system of credits and other matters
branch of the trade. The meeting
Paul not included
Grain on Passage.
are as
295,000
428,000
354,000
320,000
260,000
125,000
fbbrics, also white goods, were freely dis¬
in execution of back orders, and a fair
business wss done in this connection by the
commission merchants
cablegram, the amount of
Beerbohm’s London
passage at the dates mentioned stood as
Total quarters
Equal in bushels
102,000
240,000
70,000
00,000
wash dress
tributed by agents
woven
wheat and corn on
follows:
To
To
105,000
42,000
season’s prices. Ginghams and other
yard from last
4,030
3.700
19,000
32,000
25,000
219.000
Light prints were more active in
been opened by the mill
12,402
181,225
12,887
100
Dec. 19.
makes have
10,000
river.
Dee.
Dec.
Dec.
Dec.
9,399
16,697
57,523
741,000
73,614
Dec. 18.
Domestic
232,500
Tot.
Tot.
Tot.
Tot.
12,818
Dec. 17.
Providence speculators
Outside speculators (est)
woolen
72,000
On canal &
272,394
127,361
42,005
< 0
Held by Providence manufrs..
Fall River manufacturers...
1884.
Dec. 20.
1885.
1886.
1887.
Cloths—
Stock of Print
o 0 i,
295,000
8t. Paul
On Mississippi....
On lakes
95,045
427,037
200,530
33,509
31,000
1,543,449
7,839,927
Minneapolis
98,159
9,292
277,295
27,449
follows :
years were as
....
14,340
8,105
22,334
19,830
50,000
6
487,010 1,104,407
64,000
1L000 250,000
124,083
275,479
10,100
984,661
74,000
...
.
48.500
50,000
50,000
afloat
“
bush.
8,300
47,500
204,000
.
Saturday and for the three previous
Stocks last
56x60s.
Barley,
14 6,020
388,700
232,000
983,246
13,783
1,720,507 2,031,882
8,784,993
Albany
Buffalo
bush.
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[Vol. XLV.
THE CHRONICLE
864
©©
s’
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■
[VOL XLV.
THE CHRONICLE.
865
articles of domestic
20 in 18S7 and 1886 :
Domestic Produce.
Leading Articles of
Exports of
Custom House returns,
The following table, baaed upon
ghows the exports from New York
produce in New York from
Jan. 1 to Dec.
Since Jan. 1,
1887.
previous year,
of all leading articles of
produce from Jan. 1 to D^c. 20, in 1887 and 1886.
domestic
Since Jan.
1?*S7.
Breadstuffs—
bbls
bbls
bbls
Flour, wheat
Flour, rye
Corn meal
193
G( 6
180
42,425
28,647
5,082,255
4,059,779
Barley
Peas
Corn
bush
bush
pkgs
tons
bales
pkgs
*
Candles
Coal
Cotton....
Domestics
Hay
Naval Stores—
12,384.764
44 637
20,810,976
45,023
67.811
79 2.339
893.1 9 i
185,243
80,448
199,501
93,507
22,491
16,958
515
167
17.59 l
163 028
bbls,
bbls,
bbls,
Rosin.
Tar
Pitch
Oil cake
Oils—
Whale
10.082
149,204
92,599
gals.
54-,870
67,668
6s0,232
gals,
352,905,351
369,609,339
bbls,
bbls.
171/81
6 *,071
H s,
lbs,
lbs,
230.249,941
169,911
48,3-3
33,788
259,514,''73
11,5 SI,341
75,570,0,. 7
..gals,
gals.
Pork
Beef
-.
Beef
Cutmeats
35,602
tierces,
Butter..'
Cheese
Lard
Rice
Tallow
9,929,59 2
71,954/47
190,970,67 L
lbs,
bbls,
II >s
Tobacco, leaf
1
lihds,
76,034
lbs.
8,061/3 6
60. >59
.'bales and cases,
Tobacco
Tobacco,manufactured
1
Wbalpr»oTi<»
18 U52
»si
Pitch
Oil cake
Estabrook,
&
Eggs
Lard
Lard
Hogs,
dressed
THE
OF
STOCK
BOSTON
NEW
and
YORK AND
Irving A. Evans & Co.,
BANKERS AND BROKERS,
STATE
Stocks and
and Sold
Ronds Rongjit
in all markets.
Joshua Wilbour,
Charles H. Sheldon,
Binjamin A. Jackson, William Binnky, Jh.
Jh
Wilbour, Jackson & Co.,
BANKERS AND BROKERS.
No.
52
WEYBOSSET
STREET,
PROVIDENCE, R. I.
Dealers in Commercial Paper, Government, and
other tlrst-class Bonds and Securities and Foreign
Exchange?
Private telegraph wire to New York and
Boston.
STOCK, BOND AND NOTE
No. 51
West Third
BANKERS AND BROKERS,
AND
DEALERS IN FOREIGN
425 Wood Sired,
5
ticker
THOMAS
Wm. G.
BROKERS,
Street,
CINCINNATI. OHIO.
■
Pittsburg, Pa.
MEMBERS
Philadelphia Stock Exchanges.
Hopper & Co.,
BANKERS AND BROKERS,
Bank, Atlanta, Ga.f
York.
,
Co.y
2§
South
Street,
Third
PHILADELPHIA.
Building.
VA.
Balti¬
Desirable 8IX PER
other first-class
CENT WATER BONDS and
securities for sale.
BRANCH & CO.,
COMMISSION MERCHANTS,
RICHMOND, VIRGINIA.
Circulars ard information on funding the debts of
Virginia and North Carolina lree of cost; one-eighth
percent charged for funding. Southern Railroad
and Slate and City Bonds bought and spld.
^
AND
Wilson, Colston 6t (Jo.,
BANKERS AND
(Members of Baltimore
BROKERS,
Stock Exchange),
BALTIMORE;.
(INVESTMENT and SOUTHERN
SECURITIES a
and Information fur¬
Direot private wire
New
E. W.
Clark & Co.,
BANKERS AND
BROKERS,
South Third St., Philadelphia.
Railroad, Municipal and other desirable Invest¬
No. 35
ment Securities for sale.
Transact a genoral banking
business. Allow inter-
,981 on deuosits.
Members of the Philadelphia and New York Stock
.Exchanges, and connected by private wire with New
York.
Brothers A Co.
BANKERS,
SOUTH
to Green & Bateman,
York.
PITTSBURGH,
Robert Garrett 6t Sons,
7
EXCHANGE,
Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
A.uutenhofer,
connecting with Washington,
Philadelphia and New York.
No.
Co.,
Rea Bros. &
Pittsburg
W. Branch 6c
H. B. Morehead & Co.,
175,718
146,307
SECURITIES.
nished.
N. Y. Correspondents—McKlm
Wm. Fairley
O. B. Mokehead.
221,491
196,872
182.770
New York and
ipeclalty.)
Correspondence solicited
WESTERN.
83,638
140,691
70,806
128,635
82,594
DEALER IN ALL KINDS
AND
BANKERS
3,548
1,666
5.756
PENN SYE VAN IA.
Private wires
more.
85,050
13,978
of ft cur fjork.
furnished by private
UICIimOND,
PHILADELPHIA
74,093
90,951
174,3*9
21,625
28,225
hhds.
bbls.
bales.
hiskey
294,8/7
95,346
slabs.
BANKERS AND BROKERS.
BOSTON, NEW YORK AND
STOCK EXCHANGES.
OF
264,097
67, L30
boxes & cases.
marketable securities.
State Bank
MEMBERS
kegs.
No.
Wool
New York.
liefer, nces—Atlanta National
and Fourth National Bank, New
BOSTON.
3,343
1,263.943
pkgs.
Bonds and Stocks bought or sold on commission.
Georgia and i\ labanni ^tourii ies specially dealt in.
C.
STREET,
970
625,329
1,953.093
hhds.
Humphreys Castleman,OF
BROKER
86,278
311,658
25,449
bbls.
pkgs.
Sugar
Tallow
41LANTA.
EXCHANGES,
89,696
3,304
24,031
2,104
440,904
4,642
bbls.
Hartridge,
New Yoik (Juntatians
every tlltcen minutes.
municipal, State, Railroad
United States Ronds.
5 3
bbls.
bbls.
1,956
105,241
334,373
72,437
pkgs.
Correspondents—Tobey & Kirk and
No.
2,709,557
317,137
355,116
395. m
Spelter
SAVANNAH, GA.,
BROKER.
sells, on commission all classes of Stocks
Negotiates loans on
ALSO,
Dealers in
2,124,155
tcs. & bbls.
Tobacco
L.
BOSTON.
MEMBERS
sides
pigs.
hhds.
bbls.
121,602
37,984
877,271
1,612,231
1,957.150
1,140,-18
545,354
Stearine
Sugar.
and bonds
STREET,
CONGRESS
35
59,261
87,964
121,069
37,515
858,37L
1,659,587
*-
Rice.
SECURITY
Buys and
BANKERS,
No.
91.H46
08,236
SOUTHERN.
A.
67,698
102,925
Pkgs.
pkgs.
pkgs.
pkgs.
pkgs.
Cheese
jankers and Brokers (Out
Brewster, Cobb
112,086
101,331
100.896
105,129
Butter
Tobacco
NEW ENGLAND.
1,010.245
94,709
peanuts
W
97,305
813,508
galls.
bags.
Provisions —
Pork
Beef
Cutmeats...
made
the
of leading
308,028
1,242,156
19,633,569
8,840,852
460,501
1,266,698
8,700,105
bbls.
Oil, lard
Oil, whale.......
Receipts of Leading: Article* of Domestic Produce.
The following table, based upon daily reports
to
New York Produce Exchange, shows the receipts
21,445,670
bbls.
bbls.
bbls.
pkgs.
Tar
122,296
66,243
8,12 *,371
190,596
31/U5,8J6
bales.
Rosin
226.889
19,682,6^6
hush.
bales.
bbls
hags.
bags
No.
bales.
oil
5.359.681
334,282
40,486,886
44,623,935
429,021
bush.
Turpentine, crude
Turpentine, spirits..
15,895
24,195,126
33,476.762
bush.
2,022
103,018
3d 6.370
Barley
250,146,555
5,4 52
Rye
Leather
Lead
Molasses
Molasses
Naval Stores—
50,017
7,127,222
hush.
bush.
4,441
175,693
bbls.
Corn
Oats
7,9 >4
2,601,740
1,773
124,388
Wheat
Hops
2,004,367
sals.
Lard
Linseed
Petroleum.
Provisions—
74.277
F,-i46
4,6-29
cwt.
Sperm
73.323
bbls.
bbls.
bbls.
bush
Peas
Cotton
Cotton seed
Flax seed
Grass seed
Hides
Hides
237,760
29,311
19 4,835
bbls,
Spirits turpentine
119,635
30,600.3s3
209,0-2
702,210
bbls
Crude turpentine
'
Breadstuffs—
Flour, wheat
Coni meal
287.210
157,359
59,308
191.489
bales
bales
Hops
Ashes
Beans
2,356
40,4>8,i:«0
bush
bush
bush
Oats
previous year
2,U7
112.938
..bush
Wheat
Rye
Same time
1,
755
bbls
bbls
lbs
Ashes, pots
Ashes, pearls
Beeswax
Same time
TRANSACT
FOREIGN BANKING BUSINESS.
PA.
1871.
Whitney & Stephenson,
STREET,
BALTIMORE,
A GENERAL DOMESTIC
ESTABLISHED
BANKERS AND BROKERS,
AND
No.
Oldest
57 FOURTH
AVENUE.
Pittsburgh members N.Y. Stook
Exchange.
THE CHRONICLE
866
f^ciceiga Patibs and Sau&nrs.
©atiadiati and
foreign.
FOREIGN.
CANADIAN.
Bank of Montreal.
CAPITAL. Paid In - - 812,000,000
WURPLU8
....
80,000,000
The Bank of
Gold
Gold
Railway Share Trust Co.
NO. 4
W. J. BUCHANAN, General Manager.
BANK
BUILDINGS
STREET,
WALTER WAT80N,)
ALKI’H UNG,
J
Agent*.
m
PRIDEAUX SELBY. Secretary.
BANKING
Capital Paid Up, £9T1,360 Sterling.
CORPORATION.
Paid-up Capital
Bny and sell Sterling and Continental Exchange
Commercial and Travel¬
ers’ Credits, available in any part of the World;
Chicago
-
Hong Kong & Shanghai
and Cable Transfers; grant
issue drafts on, and make collections in,
-
plication.
LONDON, ENGLAND.
NEW YORK OFFICE:
under the Charter
1,600,000
Letters of Credit and Drafts issued on any of th*
numerous branches of the Bank throughout Am?
tralia and New Zealand.
Bills negotiated or sent for collection.
Telegraphic transfers made.
Deposits received In London at interest for fixed
periods, on terms wbinh m*v be ascertained on an.
(LIMITED),
Hon. Sir DONALD A. 8MITH, President.
Australasia.
(Incorporated by Royal Charter, 1836.)
4 Thread needle Street, London.
Pald-np Capital
Reserve Fund.
800,000
Reserve Liability of Proprietors
THE
[ESTABLISHED 1818.]
Son. 59 Ac 61 WALL
[VOL. XLV.
This Company undertakes the business of Trustee
to
Loans
of
approved Railways, negotiates and
and throughout the Dominion of Canada.
Issues Loans
on
the London Market, acts as Agent for
$7,600,000
Reserve Fund
3,9)0,000
Reserve Liability of Proprietors
7,500,000
The Corporation grant Drafts, issue Letters of
Credit for use of Travellers, and negotiate or collect
Bills payable
at Bombay,
Calcutta, Singapore.
Saigon. Manila, Hong
Kong.
Fonehow, Amoy
Ningpo, Shanghai, Hankow, Yokohama, Hiogo, Ban
Francisco and London.
London Office, No, 22 Abchnrch Lane,
Railways and other Corporations, either in the mat¬
ter of payments
Imperial Bank of Canada
CAPITAL
(paid up),
SURPLUS,
H. 8.
-
-
$1,500,000
$550,000
BRANCHE8 IN ONTARIO.
Centre,
Fergus,
Niagara Falls.
Port Colborne.
8t. Catharines.
8t. Thomas.
Galt,
Ingereoll.
BRANCHES IN NORTHWEST.
Winnipeg.
Brandon.
Agents in London:
Calgary.
Agents In New York
Lloyd’s Barnett’s <fc Bosquet's Rank, limited,
Bank
a
?r
Toronto.
do Yor.ge 8t.Br.
Wellana.
Woodstock.
:
Montreal.
of
Promptest attention paid to collections payable in
of Canada.
any part
Approved Canadian business paper discounted at
the lleiid Office on reasonable terms, and proceeds
remitted bv draft on New York.
Dealers in American Cnr’y and Sterling Exchange.
REGISTRATION
American
OF
CANADA.
$5,799,200 Paid Up.
$1,700,000
Capital,
Eegerre,
....
President, ANDREW ALLAN, Esq.
YIce-President, ROBERT ANDERSON, Esq.
HEAR
OFFICE, MONTREAL.
GEORGE HAGUE, General Manager.
W. N. ANDERSON, Branch Superintendent.
BANK KKSJ
LONDON, ENG.—The Clydesdale Bank (Limited.)
NEW Y utiK—The Bank of New York, N. B. A.
The New York Agency buys and sells Sterling Ex¬
change, Cable Transfers, issues credits available in
all parts of the world ; makes collections In Canada
and oioewhere and Issues drafts payable at any of
the offices of the bank in Canada. Every descrip¬
tion of foreign banking business undertaken.
New York
Agency, No, 61 Wall Street.
HENRY HAGUE.
1 Ag*nt.
JOHN B. HARRIS, JR., J Agents.
AGENCY
British North
No.
52
WALL
STREET.
Buy and sell Sterling Exchange and Cable Trans¬
Issue demand drafts on Scotland and Ireland,
fers.
also
Canaria. British Columbia and San Francisco.
■CIRCULAIL NOTF.N issued in Pounds Sterling
available in all part* of the world.
COIIDIEK-
C1AL CKEIHl H ISSUED for nse in Europe,
China, Japan, East and Wait Indies and the Braiils,
River Plate, Ac.
Bills oolieoted and other banking business trans¬
Agent*.
Registration of American Railway
ot the Association, lodge them
with the London & Westminster Bank, and issue
against the deposited Shares the Cert id cates of the
Association, countersigned by the Bank. The certi¬
ficates have coupons for dividends attached, and
upon presentation of the advertised coupon at the
name
office of the Association the dividends may be ob¬
tained the same day they are payable in the U. S.
2. Or they will obtain Keg s'ration of ?hares in
the name of the Association, deliver up the Shares
owner,
and pay the dividends
the office of the Association in London ihe
THE
share certificates.
The original American shares can always be re¬
exchanged atshort notice, free of expense, on pre¬
sentation of the Association’s Certificates at the
office.
i he charge
for registration and for the Associ¬
ation’s Ceititicatf’B is 3d. per share.
SAMUEL POPE, y.C., Chairman.
JOSEPH PRICE, .Managing Director.
F. P. BAXTER, Secretary,
Nos. 5 and 6 Great Winchester St.. London. E. C.
The Association acts as Transfer Agents in Lon¬
don for American Railway Companies, in conjunc¬
tion with the London agents ot the Mercantile
Trust Company of New York as Registrars.
Negotiate Railway, State and CP.y loans.
Execute orders for Bonds, Shares, etc., on Com
mission, and transact a general Banking and
Commission Business.
attention given
Special
to the execution of
the New York, Lon¬
orders for Securities
don
on
and Amsterdam
Exchanges, in
corres¬
pondence with
BLAKE
18
BROTHERS
Wall
28
State
&
CO.,
OF
NEW
IN
G. H. BURFORD, President,
o.
P. Fbalfigh, Sec.
A. Wheelwright, Ass’t Sec.
Wm. T. Standkn, Actuary.
All the
profits belong to the Policy-holders exclu¬
sively.
All Policies Issued
by this Company
ADOEPII BOISSEVAIN
Amsterdam*
&
indispuT
All Death Claims paid without discount
as
soon
satisfactory proofs have been received.
This Company issues all forms of Insurance, in.
oluding Tontine and Limited
on-Forfelting) Ton¬
as
tine.
One month’s
grace allowed in the payment of
Tontine Policies, and ten days’ grace
all others, tne insurance remaining in full foroe
Premiums
on
during the
on
grace.
Absolute security, oombined with the largest liber,
ality, assures the popularity and snocess of this com¬
pany.
GOOD AGENTS, desiring
pany,
-
re
to represent the Com
invited to address J. 8. GAFFNEY, 8uper
Intend Ant. of
.\aonftio*. -X*- ilfiTid OSF?r»A.
THE
EQUITABLE LIFE
ASSURANCE
SOCIETY.
In Surplus (namely the excesc
of accumulated funds over liabili¬
ties), in Premium Income, in the
amount of Assurance in Force, the
Equitable Life Assurance Society ex¬
ceeds every other life assurance com*
pany, and may be regarded as the
largest and strongest organization ol
its kind in the world.
Assets, January 1, 1887.....
on 4 per ct. basis..
Surplus on 4 per ct. basis. -.
Boston, Mass,
are
able after three years.
Street, New York,
Street*
YORK.
1850.)
261, 262 & 263 Broadway, New York
Agents in the Lniteu States,
PouR & GKEENOUGU, 30 Wall St.
ENGLAND.
CITY
(ORGANIZED
same
day they are payable in the United States.
3. Or they wili obtain K gistration of Shares in
the owner’s name, and collect the dividends by
power of attorney.
Under plan No. 1 British holders of American
shares are enabled when necessary to take immedi¬
ate combined action in voting, the power being used
by the Association on instructions from holders of
certificates representing shares in
any particular
railway. This plan also affords absolute security to
lenders of money on American shares, as Associ¬
ation certificates are only issued upon newly-verified
Liabilities
AND
FOREIGN.
IN
1. To obtain
Shares in the
acted.
D. A. McTAVISH,)
H. 8TIK KM AN.
f
The United States Lite
Insurance Co.
OF
Kailway Shares.
LONDON,
America,
Jittsuvauce.
prepared:
Bank
of
TOWNSEND, Agent, SO Wall St.
or otherwise.
Blake, Boissevain & Co.,
THE
OF
A. HI.
on
THE ENGLISH ASSOCIATION OF AMERICAN
BOND AND SHAREHOLDERS (LIMITED) are
duly endorsed to the
Merchants’ Bank
Loans, Dividends
Cable Address—PAvy, London.
at
¥■
on
Registration of Stocks in London,
HOWLAND, Pres t. D. R. WILKIE, Cashier.
HEAd OFFICE
TORONTO.
Essex
i
or
of Interest
$75,510,472.76
$59,154,597.00
$10.355,875.73
CO.
Assurance in 1880.... $111,540,203.00
^utstandinir Assurance..., $41 1,779,098.00
New
Holland.
THE
Anglo-Californian Bank
ft
Heinemann &
(LIMITED).
LONDON. Head Office, 3 Angel .Court.
SAN FRANCISCO Office, 422 California 8t.
NEW YORK Correspondents,
J. <te W. Sellgman & Co.
BOSTON
Correspcnd’ts, Massachusetts N. Bk.
Authorized
Capital,
Paid-np Capita],
Reserve Fund, -
-
-
-
-
-
-
$6,000,000
1,500,000
-
400,000
Transact a general banking business. Issue Com*
mercial Credits and Bills of Kxchange.available in ull
carts of the world. Collections and orders fur Bonds,
mocks, etc., executed upon the most favorable terms.
IGNA^STKINHART, 7i Ma^erB'
|\ Jff. I4J.KNTUAL, Cathigr,
&
Co.,
investment
BOUGHT
62 Gresham House, E;
favorable terms; also orders for the pur¬
Bonds, 8hares, Ac., <fcc.
ALBERT E. HACHFHSLD,
on
No.
the Stock Exchange.
Interest allowed
on Deposits, subject to 60-days
sight drafts, at Bank of England rate, and
one per oent below that
rate subject to
demand drafts.
Iter Ot)*?# Railway, State and City Loans
SOLD.
Southern Central of N. Y. tsts.*
Middletown Unionville & Water Gap 5s
Indianapolis & Vincennes lsts and 2ds.
Scioto Valley Bonds, all issues.
accounts and agencies of Banks, Railways
Corporations, Firms and Individuals upon
chase and sale of
AND
WANTED:
LONDON.
Solicit
Securities
A
Sio Pine
Strassburger. B.W.Strassburger. Leo.Strassburger
Strassburger & Sons,
No. 16 Commerce St.,
IHONTGOJILR Y,
ALA..
@FedFRASER