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aiitroa
MERCHANTS' MAGAZINE.
HUIST'S
THE INDUSTRIAL AND COMMERCIAL INTKRE3TB OF
RBPtlKSSMilN'a
SATURDAY, DECEMBER
CONTENTS.
VOL. 45
THE
Clearing Iloufie RBtnmii
TlinFlnHUoiiil situation
NatUmnl liaiik Notes a:>dSllver
Cortitiiiites
The
Kcmoiiiio
Siuoe 1873
Wt4k andmt
1M7.
The War (lond In Enron*
841
How and Wliy the Caniil ban In-
838
Monetary
and
English
New*
83P
Commercial and Mlsoellaneous
creased
Disturbances
Improvement ExpenUtures on
840
tue Now York Central
Its
Qralu TraUic
842
Coniuierclal
NeWB.
NO.
24, 1887.
CHRONICI>E,
835
836
UNITED STATES.
THBS
Raw Tork
ikoret.;
844
tCntUm
816
{PUnUwm
(tfroM
P.CmI
662,193,783
W3.93e.im
936.1
(1,444.611)
-34 '8
imlM.
(•Mft.lOOI
biuhttt.
(8T,07S,»00
a7,a»o/joo)
(<0.6(».000
(-7
(3»,»ei,l.<K>l
(-5*7
(XXt.
Bmton
87,iaa,.'w»l
-10-0
llATea..
1,I!<S,«74
1,197.162
Portland
Woroenter...
l,0a:i.6W
87a.ttl3
+10-7
F<ir Sii Months
do.
European 8nl>ncripttoa (inolndlngpngta!;e)
Annuiil subscription in London (including postage)
Biz Mos.
do
do
do
6 10
II 28
£2
7r.
£1
8b.
8ul>3cription9 will be continued until definitely ordered stopped. The
publisUerK cannot t)d resptmaibie for remittances unless made by drafts
or Post Oltiee Money OrilO'-s.
Thes* prices iuoiudo
Investors' Sdpplbmbmt, of 120 pages
Issued once in two months, and furnished without extra charge to
sul>BOriberi< of the Ciiro.nici.e.
A file cover is furalshed at HO cents; postage on the 8:ime is 18
oenls. Vo.umes bound for subscribers at $1 00.
me
London Aleuts:
Messrs
Edwards & Smith,
BUli.ici'iptiouH
at is. each.
Total
England..
1
<t.
DAVA A
102 William
Street,
Co., Publlahera,
TiKW VOttK.
POST Officb Box 958.
Bank exchanges
for the
week ending December
1,048,09^
-9-1
99
81.2I&,»44
Chicago
64.814.Ai'9
Clnolnnatl
11.849.6.0
4.939.711
«,4»6 9.M
67,68»,8!W
ii,74a,«aa
«.13U,lr7
3.9«1."00
+26-3
:i,l«2,,«9
l.liMt.OUg
+27 2
S,24U.I.<<bI
3,ai».«)l
2,2)(U.12s:
J.7lKl,3:t0
Omaha
Mlnneapolts
...
St.
Paol
Qrand Rapids....
Wichita
Topeka*
Total Western.,
Orleans..
Memphis
UalTe^tOQ
Norfolk
Total
1,287.27/1
8,I«7,S11|
«8 1.^23
2,46l,iiua
4.95.1.247
4.141,194
2.Z>4.n41
4.004,924
I.IKB.OS
5«0,»2il
8S».23»
8,892,418
all
109,849.409
10,827,791
1<.4U9,&I4
843<3,906
+11-8
-4X
+»-|»
+94
-90
-»9
+8-«
—•7
+»8
+1T8
l,viu,;i0u
S.3li7373
2.240,864
I.S7U.9I9
3,371,200
-i-lW'6
9367.617
+16M
+141
S,M<i,710
66,900,137
ll,n«7j{U0
4.799,714
4JMtl,«l9
-1-2
+S5-2
+311(
2,COI,60i)
+81-0
1-0
14lS-8
46«.'<4e
l:3M,^44
420-6
6
4.462.l«2
673,990
901. IV9
S.Se3,V8e
290,JO0
23b
+ 11-9
113,491,0«2
+8-1
19,4S8.49»
+»«
l.6!K),7t9
+4»-4
+39
2tW,'.92
l.oulsTllle ...
Kansafl City..,
Aside
-H4-t»
89,2l»,V83
further small decline, but it is entirely outside of New York,
Total Sonthem.
for notwithstanding the fact that Stock Exchange transacSao Francisco...
tions were about ten per cent less than during the previous
week, the clearings at this city show a slight addition.
80.990M^
-3-7
+15 7
M17.su
l:i,«l)U.<
New
17 record a
-9-0
v,a4s.iieH
+ 1-9
ll37!i.976
8t. Lonis
Bt. Joseph....
CLEABJNO HOUSE RETURNS.
+»1
ex.DJ 2,630
10,>ltie,9ll
Detroit
Indianapolis
-10
6118319
62.607,1119
Cleveland
Colnnibiu
Peoria
-lO-S
99,731310
Pblladalpbla..
Milwaukee
1.947,940
1.094,900
-*»
+19
-§•1
PltUhnrg
Baltimore
Total Middle..
l,>WI,(i07
-t-19-1
»ii,4 a
100.210,930
Daluth*....
WILLI An
l.Z^.lOtll
«7S,»!>4
9e,«60.7I>0
nonver
Urapeia' Gardens. E. C, who will take
and advertisiimeuls and supply single copies of the paper
WtLU;lM B. DANA
JOHS O. KLOVD.
Mew
87,336.177
&,a71.4DO
-0-9
+19-8
T2I-0
-1-8
KJOA 3
Lowell
For One Year (Inoludliie postage)
(S3,0e0,000)
iNi,ai»,idi<
i,:«ii<.S6«
goHiKfleKI...
in Adranee :
SIO 20
(t.SAOMO)
(100X4.960)
61
tHU
-2-9
—20
New
691 j«2,(,044
(-7-01
Pr iTtdence.
Terms of Snbseription— Payable
P.CmU,
(-«»-e
(i>.l)TS.«0«)
l67Z,4(Xll
Hartford
%\tt ^hvonxch.
WHk «#( Dt. 10.
ate. IT.
U8«.
Aula of—
(jWmIm
1,174.
9!<,1"1
18.«0,8- 2
17.897,723
1,6.H,701
12.006.847
6.«7S.4aa
7.913,169
8.837,014
1.411.144
1.271.80;
l,ttl6.alo
-OW
-HI
13.W.',a3r
4,mt.l»73
7.2<2,U6U
S.u6<.MI«
+14S
+ 40
-140
-84-1
2.140,»«-
49-8
+ 94-7
49*
12,377.172
fl,45f>367
7.»3.1H(i
2.9n7n4
+6-9
-1«
l,2na,M»
-1-2
1.617.001
1,307.401
90,388,121)
52.169.097
-3-4
93,319,637
18,272,591
19.804,620
16,468.796
+ 10-1
1.018,680,931
l.J'!>9.093,9.'i6
+196
->g8
1,019.044.777
-Ig-t
+890
-i6*
"888,237,1481 lMe,697,7i«
:^a MflMVMSi +W
from New York the only cities which exhibit gains over OMalda New Tork
December 10 are Providence, Springfield, Lowell, Philadel. ' Not Incladed In totals.
We liave received our usual five-day telegrapliic returns o£
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 ciiy the lack of cities exhibits a falling off from the corre»jx>n<ling live days
animation in all branches of speculation is affecting clearings of last week, and in comparison with the similar ]>eriod of
very materially how materially is weU illustrated by the last year there is a loss of 19-1 per cent. On the basis of these
telegraphic returns the estimate for the full week ef.ding Dec
week of last year with which we now compare, when the 24 would seem
to point to a decrease, compared with 1884,
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.
Compared with the similar week of 1886 there is a decrease on Saturday. Messrs. R. G. Dun & (^-o. reiwrt the number of
failures for the week ended to- night as 290 (201 in the UoiU^d
at New York of 34'3 per cent, and twelve other cities also
States and 29 in Canada), against 288 last week and SOS for
recorded losses ranging from 0-9 per cent at St, Joseph to 34-1 the same week of last year.
per cent at Galveston. The number of clearing houses show_
—
ing increases is not so imposing as during preceding weeks^
neither are the percentages so heavy. The most important
are, however, Wichita, 355 per cent; Columbus, 85-2; Springfield, 34-8; Peoria, 31-9, and Omaha, 29-2 per qent.
The net
result of the contrast with a year ago is, moreover, a falling
off in the whole country of 25 3 per cent, and a decline outside of New York of OO per cent.
JUtwrru
btnUtnpK.
W-k AKUiit
1887.
New Tork
aaluafSUxkliharu)..
Boston
PhUadelplUa
Baltlmor*
Chloaco
497.7V4.H44
rac.
M.
1880.
P.
ITssk Bn^Tt Oik. 17.
P.Omt.
CkM
60i,7«83£9
(-699
(801.918
(1,729,661)
«1,7!I3.IU4
73,379.819
91328.99
10.010,994
e0,0£l314
1033II3S3
-t«
tL,«3'l,uO0
48,048,8181
+17 4
-13 9
Operations in shares on the New York Stock Exchange for Bt.Loola...19,081390
14348,a
ft,430.193
11318,0001 -19 9
the week cover a market value of $72,882,000, against $211,- NawOrlaana.
Total, B da ja...
607300091 818;608,714
992,000 for the week of last year. As is our custom, wo
aUmatad 1 day..
iaO.Sil7,104
deduct two-and-ahalf times these values from the New York
Total fnllwaek..
819,609,714
^totals to arrive at the exchanges due to other business, tlie Balano* OooMry*..
ii>i34ajs}
«2,4»7 41>
suit reached being $*70,248,783 and $463,556,166, respectTotal w»ak, alt.
8MW<.4n
ively, in the two years, or an increase of 1'4 per cent.
'rar Um foil week, haatd oo UK w*«k'a lOtomi,
l.0lft,7U>.04«
THE OHRONICLE.
836
rvoL.
XLV.
£77,000 has been brought about by a large shipment
Germany. Our special cable states that £192,000 gold
has
this week been exported to Germany; £45,000 was
week
The money market has become sensibly easier this
imported
partly from South America and £70,000 was
balances
bankers'
BO far as represented by call rates for
received
from
the interior of Great Britain.
averaging
The Bank of
not
cent,
per
the extremes have been 4 and 6
France
also
lost
£116,000
gold.
have
renewals
likewise
which
more than 4^ per cent, at
Oar foreign exchange market has been strong this
been made. Time loans have also been obtained running
from 60 days to 4 months at 5 to 5^ per cent on first class week at an advance of one cent a pound sterling since
This advance is probably in some
security from trust companies and out-of-town banks. This Thursday of last week.
measure due to the condition on the Continent, but mainly
is an unusual condition for the closing weeks of the year
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. There is always
at
THE FINANCIAL SITUATION.
to
;
uary disbursements generally combine to make money
more active, if not really stringent. Still, the easier tone
prevailing in the place of the ordinary spasm
is
readily
Three conditions, affecting both the supply
and demand, have contributed in producing it. The extremely limited transactions at the Stock Exchange are
explainable.
good buying of bills in D^camber to remit for interest
and other obligations maturing on or about January 1,
both because of an anticipated demand for bills on or
about that date, and also becausa bankers are advised
by their correspondents in E irope that coupons, &o.,
have been bought by them. The amount thus required
ought to be large this year, for we have certainly sent an
one of them had speculation been active the inquiry
Another influence unusual amount of securities to Earope during the twelve
would have been more active.
The advance in rates is therefore no surprise,
been the Government months.
and quite as important has
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 tima.
Tue arbitrage
over 1 million dollars, and this week nearly two millions. houses are doing scarcely anything.
There was an
Besides, there is the well-known fact that Stock-Ex- importation of $170,000 in gold 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.
vision for all their December wants.
Notwithstanding
It is with sine are sorrow that fiaanoial circles leirnel yesthese conditions, it is still true that banks find no difS- terday of the momentarily expected death at his home in
culty in putting out every dollar they can spire at fully Albany of ex-Sacretary Manning, who at that tima was
six per cent.
Just now they are not disposed to loan on President of the Western National Bank of this city,
time except where it is necessary to accommodate good i' Be careful and remember that work kills" were among
customers, but are responding with some freedom to the the last words that Oavier uttered
they were addemand for call money though in no case so far as we dressed to Professor Agassiz, then a young man at Paris,
can learn below the legal rate. They continue to have and Agassiz himself subsequently illustrated them in his
a very active inquiry for accommodation from the West- own experience. But of no one could it ba more truly s»id
The banks there have discounted large lines of paper and than of Mr. Manning that his life was a sacrifice to his
;
;
from their correspondents here, untiring devotion to duty. He became S jcretary of the
demand, which has been so urgent Treasury in March 1885, when the government fiaauceg
of late, that is enabling our institutions to find em
were in a most threatening position,
beset
with
ployment for their funds at such satisfactory rates. perils.
Even Mr. McCalloch, his immediate predeare getting rediscounts
and
it
is
this
The present anticipation is that
upon the new year and the
January disbursements have got
after
we have
Government
into bank,
entered
first
money
of
acknowledged
February of that
a
cessor,
in
of
year
letter
the
written
the
impossibility
last
con.
of
ducting the Treasury affairs without adopting silver payany ments. The Custom House revenues were then forty-five per
ordinary year.
cent of them in the white matal.
But through his parThe situation in Europe has been somewhat strained at sonal effort, close attention and skillful manaa;eai3nt, the
intervals during the week, and while the published reports details of which it is unnecessary to repeat here, Mr.
inare contradictory, private advices reveal the fact that ning was enabled graiually to obtain control of the gold
there is real apprehension felt regarding the attitude of movement and the Treasury recovered itself.
By the
Russia.
Any one can see how easy under Existing cir- time the next year began no one doubted the Gov •
cumstances it would be for the condition on the Continent ernment's ability as well as intention to piy evary
to change from a war footing to actual warfare.
Taere is creditor
kind of
he
desired,
in
the
currency
80 great irritation existing between neighboring nations whether gold, silver or legal tenders.
We only recall
that the merest accident might, one would think, bring
on this matter, because it was a great achievamant, gave
a conflict. We state on a subsequent page why, as we look stability to public finances and permitted the term of prosat it, a peaceful result may bs anticipated, and
yet there perity which the country has since then baen enjoying .
ifl no
doubt that the situation is grave, especially in Besides, it is n^erely an example of the spirit and zaal Mr.
view of the reported condition of the Cz*r's health. Manning threw into all the work of the department the
be
easier.
That
would be
a
safe
conclusion
will
in
M
The
—
continental
bourses
have more or less reflected secret of his 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 followedf
and Berlin have remained firm at
2| psr 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 bilk has droppad
" labors, your achievements, your successes and your devoto 2| per cant.
,
The Bank
of England's loss of bullion which is reported
" tion to public duty are fully seen and known, and they
Dbceubbr
34,
THE CHRONIOLK
18H7,
837
challenge the appreciation and gratitade of all jour
points on comparatively few traauctioDf, bat it has dDOO
"countrymen."
dropped back almost to the origioal flgnre. Phlladelpbto
Trade afiairs are in a quiet state at present, a point hav. & Reading haa been attacked onoe or twice on ramora of
ing beea reached where few developments of moment, one difference! about the scale of wagea for the eotaiog year,
way or the other, are for the time being looked for. The and this has caused some decline in that stock, bat alto<
Colombaa
holiday trade is probably more than usually active, both gether the price has been well maintained.
this that they Hocking Valley k Toledo stock has been strong on tbo
t and general business being alike in
But profits are cut very fine, and continuation of the injunction reatralning the old man*
are large in amount.
The market
the average business man to day evinces more than the agement from disposing of their holdings.
ordinary degree of caution in mapping out operations for has gradually hardened the last two days, and yesterday
on limited traasao"
Ttiis hesitation is increased by other obvious there was a pretty general advance
the future.
*'
—
First and foremost
causes.
the uncertainty and doubt
is
as to the probable action of Congress
on the surplus ques-
an axiom that nothing so paralyzas trade as
doubt and uncertainty, but meanwhile C.)ngress idles
away its lime doing nothing but pass resolutions of
It is
tion.
adjournment, though the President in the matter and
method of his annual message brought the necessity
prompt action sharply before the legislative body.
happens at the same time that the prospactive falling
The following statement, made up from returns
ofi in
railroad
doubt
in
construction puts a further elemsnt of
trades, as
special
determined.
But
extent can not yet be
its
a matter that will soon remedy
this is
In the circumstances, however,
itself.
not surprising
it is
W44k
ti.78i,om
fSMjsoe
LoM-
7aB.g»o
7M.000
la«itl
tandara....
The above shows the
tions of
movement to and
to that movement
through the
have gained $2,073,000
the banks
LoM. *l,OM.oaO
bank holding*
actual changes in the
In addition
interior.
the
ta.7WJ.000
1
gold caused by this
of currency and
from
tl,T81/)00
InXtVir
nsM-fM iMi-
Sold
ToUl gold and
VK
RMWttPMlW
y. r. Banta. W. r. Bmk*.
HMnt Dtcmber W, 1887.
opera-
the Sub-Treasury (including $190,000 for gold
merchants and manufacturers should proceed imports).
that our
collected
by us, shows the week's receipts and shipments of currency
and gold by the New York banks.
for
It
however.
tions,
Adding
we have
that item to the above,
following, which should indicate the total gain to the
slowly and with deliberation.
the
New
York Clearing House banks of gold and currency for the
volume of trade week covered by the bank statement to be issued today.
Railroad gross earnings continue very satisfactory, and
in this
we have an evidence
in progress all over
of the large
These figures of earn-
the country.
ITee* •ndinfl
ings are a
much
now
indication just
better
of business being done
than the totals of clearings, for
CkaMt (•
Bank HabUnft.
Inta BanJks. Outo/BaiOts. .V<t
1887.
Stock Exchange speculation as compared
lull in
with an active period last year, makes these latter rather
misleading.
For the second week of December our state-
Bsoks' Interior MoTOmant, as abora
Sab-Treunrr operations
H. 781,000
t3.796,000
Loaa..ll.0l5.a00
8.305,000
e.WO/MO
Oain_ 3.079,00a
lanal tenders ...
•10.148,000
l«,086.U00
latlD-tl.0«>,0««
the
ment on another page, comprising 73
Vtumbtr 23.
of the extent
Total
itold
and
The Bank of England lost £77,000 bullion during the
week, made up by the shipment of £147,000 net abroad
shows earn- and the receipt of £70,000 from the interior of Great
The Bank of France lost 2,900,000 francs gold
Britain.
and gained 1,150,000 francs silver, and the Bank of Ger-
roads,
ings this year $575,932, or 13 87 per cent, greater than a
year ago, with 1 6 of the roads reporting decreases. In the
same week in 1886 there were 65 roads which reported
many, since our last report, shows an increase of 3,500,000
a gain of $679,696, or 15-73 per cent, some traffic which marks. The following indicates the amount of bullion io
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.
large gain
noteworthy.
present year
the
therefore
is
Future returns, however,
all
the
more
little
As
apprehension in some quarters.
net, only
concerns the
a very few returns have come in for November^
and these are all
Oa the Stock Exchange the dealings this week have
been very limited in volume and unimportant in character,
the number of shares sold being next to the smallest of any
favorable.
week
show no
Oatsiders
this year.
disposition
to take
part in the speculation, while the professional traders have
doubtless been deterred from making any large ventureo
December, and
the fact that at the turn of the year the calling in and
shifting of loans not infrequently produces a temporary
by a
recollection of the
stringency.
Southwest,
also
this
The
as
money squeeze
down
scaling
definitely
of
last
rates in the
inaugurated
had some adverse
was unattended by any decline in
either
that
operators
for
a
this
though
effect,
has
fact
that
the
prices
are
decline
West and
week,
however, being almost
ton
&
all insignificant.
eald.
a
a
7,370.000 14,558,0001 81,031,000
4,U50.aao! 8.194.000r 18,844,000
Aast.-lIung'T
Netherlands..
Coioago Burling,
rising several
ToM.
SOmt.
1
Nat.Belglom*
8,684,000
l,332.a00|
3,806,000:
National Italy
8.988.000
1,118,000
8,101.000
e,«83,aco 18.884,000
5,722,000 8,i»4.aoa
8,685,000
7,148,000
30.006,900
1,343,000
911.000
Tot. this week loe.8M,3(>0 »I,14U,7«8 ia8.aK,lA7 ll0.aS5,47| 88.1 4«JM I
Tot.preT.w'k. l07.m7.TO8 ui,2e<>.iool lH8.gl3.1)08i 1 1 l,a84.a56l88J05.08e|t98,aeMO»
>
division (between Rold and silrer) given In our t»bl« of ootnuA
boUltm In the Bank of Gennany and tbe Bank of Belglam la mads
the best eattmau we are able to obtain; In neither OWM U It oUamedtoM
accurate, aa thoae baoka make no distlnoilon In thair weekly rapotttr
dlvuwa
merely reporting the total gold and sUver; but we believe
we make fe a oloae approximation.
^
•.,,.
by
oaole,
and
weekly
NoTB.— We rooolvo the above rosalta
not all of tbe date given at the head of the column, UMy are the
reported
dcacea.
the
lateat
retuma laaued nearest to that date-that la.
*
The
nm*
Um
,_.„..,
WBM
$176,880 througH the Sabfor domestic and $190,347
for foreign bullion, and the AssisUat Treaaurer received
the following from the Custom Hoase.
The Aaeay
Ofifice
Treasury during
the
paid
week
I>mM««.
SoM.
Deo. 16.
" 17.
"
19.
" 20.
" 31.
" 22.
Total..
70
05
$1,000
1.500
9.000
9.000
3,000
5,500
$2,183,661 67
$29,000
$249,592
181,126
353,000
610,971
511.585
247.079
17
50
21
11
SOttr Oar-
V.B,
Sou*.
indicates
altogether
to
Quincy was a feature on Taursday,
TtotaL
19,1
10.180.450 u.iso.ses
90,180.1S«
Kngland
80,113J9S3|48.776.«» «e,889.0>8
44,878,4«)| 47,748,878
France
18,183.770
18.S«7,«S0
Oermanr*.... W.S10,4S0 i8.i»e,sso' 88.718.000
DaU.
extend their interest on
the
1 the whole, tho i^i dull
that side of the market.
tone has been firm, and some of the Northwestern stocks
instead of declining have slightly advanced, the changea,
inactive or else are disinclined
Banluo/
eolit.
with much more interest, as the general reduction of
rates west and southwest of .Chicago, which went into
effect this week, is a factor in the situation regarded with
a
DSMnttw S3, use.
THttmbtr 23,1887.
be regarded
will
$178,000
146.000
314.000
510,000
401.000
163,000
$99,000
$390,000 $1,643,000
$310,000
$33,000
30.000
18.000
81,000
64.000
45,000
U,000
saooo
40.000
43.000
33,000
Included in the above paymenU were $14,000 is nlror
coin, chiefly standard dollars.
."._
THE CHRONlCLa
838
and most
best
NATIONAL BANK NOTES AND SILVER
CER- have been
[Voi^
scientific
attained.
XLV.
paper money system possible will
We are therefore by no means opposed
TIFICA TES.
The
figures
certificate
we
issues,
to, but mO;t earnestly favor, a new bank note system. All we
silver
the
to
regard
with
mean
to assert here is, that the above facts show a congave last week
problem
currency
stantly
and largely increasing volume of currency in face
side
of
the
suggest a
not sufficiently considerei, as
discussing or advocating new
we
think,
by those who are of the decrease of bank notes, and that a dearth of currency
floating bank cannot therefore be pleaded in favor of any new law.
for
facilities
We
are aware many will claim that the close money
Our divers kinds of currency have to all appearnotes.
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 reLet us look at the situation circulation.
and note how that situation was moved from the popular mind except with study, experfind u-:eful hints can be gathered from ience and observation, but is so obviously erroneous that
antagonism between them.
a
moment
as
reached, for
now
we may
it
is,
recent events.
First of
all
we want
to recall the fact
— for
we hardly
in these dis'
The
it.
—
think
figures
many of our readers can be misled by
we have given above establish the opposite
be kept clearly in view that conclusion. The more carefully one examines them and
in
the United Stites has of late the attendant conditions of trade, the more impressed will
circulation
of
the volume
Those who have he be with their teaching. Note the very large additional
years grown to very large proportions.
cussions
it
ought always
followed what
to
we have written
in past
conception of thij feature, and
yet
months have some volume added
requires a further
it
comparison to afford a clear measure of the expansion
which has been in progress. To present the case briefly;
and yet as lucidly as possible, we have prepared the following, which gives the situation as it stood (1) January ),
1879. when we began that marvelous cycle of prosperity
ushered in concurrently with specie payments (2) on July 1
1884, when our industrial progress had been checked, and
we were in the process of liquidation (3) on July 1, 1885
when the first glimmerings of another business revival
were to be seen; and (4) on November 1, 1)^87, a date which
apparently marks the beginning of a new period of rest
and reflection.
;
;
Jon.
1,
1879.
JulK 1,1884. Juhj
1885. A'OB. 1.1887.
moment
Silver bullion
FractiOTUl silver
National Bank notes...
Legal tenders
these
Total in United States.
is
lute
distrust,
and
finally
stage
Total as above..
4,654,681
n,683,03^
lousness in
74,939.820
75.758,188
lessened.
318,576,711
272,041,203
346.681,008
16;c,009,959
In
commerce can-
did not continue
—
first is
a condition of abso-
then follows an era of confidence restored,
universal credulity prevails.
will overtrade, credit
In the latter
exchanges will multiply,
demand
money lenders
—
and then the pinch comes not because the
is insufficient, but because creduthe values which support the credits afloat has
all sides,
75,261,828
839,499,883
3i6,681,00B
1,637,433,641.
money.
currency outstanding
71,021,182
323,79 1, »74
348.B81 008
1,051 420,935 1.4S7.219,8i8
it
loans becomes urgent, pressing upon
203,8&4,.''8l
1,
called
various forms of indebtedness increase, until the
4,850,785
1879, we give as estimated at that time. Mr
Kimball, the present Director of the Mint, has made deductions in tliis
item since, and we see that he now estimates the amount in the country
on July 1, 1879, at only $245,741,837. We have nothis ligurcs for Jan
1 of that year and hence make no change, although if we were to do s"
it would leave the comparison more striking and our argument
the
stronger, for wo do adopt Mr. Kimball's lower gold figures for each subse"
quent date in the table.
*Thcgoia for Jan.
men
175,35.'),8«
225,704 aS3
214,934,' 89
278,488,828
311,801,621
827,71«,549 l,272,316,ii31! 1,258,944,718 1,888,118,338
is
in public feeling or tone, as it
called, explains the cause:
9,121,417
1,537,433,510 1,878,008,950
The gradation
in the end.
2»!,496,550
l,051,4i0,936 1,487,249,828
0/ whlh—
In Treasury
In hands ot people
and
Such periods always meet an active money market
?
58S.f 97,033
346,l'81,006
the first
there not here pretty satisfactory evidence
not continue glowing eras because
546,5flO,7l'7
,
is
^hat pouring currency into the channels of
•278,310,128
695,130,375
278,716,15'
what
of largest quantity of
other words,
from
Gold coin and l)ullion.
Sl>er dollars
medium during
yet added in vain, for the lapse in activity comes at the
for
1.
to the circulating
era of prosperity and another during the present cycle,
These,
we
we
are
aware, are tedious elementary
no likelihood of our being able to
refrain from repeating them so long as a large number of
public men believe they can keep the loan market easy by
putting out paper money.
But the conclusion we wish to bring the reader to, is not
only that we need no addition to our circulating notes,
but that a new bank note device in operation now might
truths,
yet
see
Such a scheme, to be wisely
come with some change in our existing
currency methods.
For instance, how can the Treasury
get rid of the burden of silver dollars except banknote
The most instructive as well as most conspicuous fact circulation is contracted ? We sec 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.
Eyen 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 46 per cent, the float
silver CirtiScates thus far.
In one particular that
currency total was still
a place was
8f per cent less than at present, statement may appear to need modification
and yet another season of industrial activity set in which made
for the smallest notes by calling in all other small
•
prove very disturbing.
launched, must
—
;
We
is just now on the wane.
the purpose of showing that
refer to
new
these events for
facilities for
the issue of
but the fives and tens would have been returned
through the custom houses as rapidly as put out, were it
notes,
bank notes are not a
real need; that is to say, with tbe not
that the bank note contraction furnished the need for
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.
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 circu ating devices are out of the
way and mints continue to turn out these dollars, the field cannot
the bank 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.
existing
We
;
r
DKOEhBltB
We
24, 18S7.
THE GBRONIGLE
]
8SV
—
8oe no oihor safe course
except in case Congroaa world's wheat supply ought to make. As for Uuteia, tha
could be induced to remodel our paper money arrange* year 880 was the worst that there baa been for a loog
menu throughout. The importance of so doing no one time in her wheat barveit. In 1878 ahe exported OT«r
i^ueations.
But reducing taxation is doubtless the Tirst 100,000,000 busheU; so that if Mr. Wella had c:>mpare<l
1
necessity;
and there promises
to be so much friction attend- 188i with
1878
we fear, even if the disposition found a decrease
ing that affair, that Utile lime,
instead of with
of 34
1S80,
he would
Lara
millions instead of an Lncreaae ol
found for maturing and enacting a new 31 millions. The exports of Russian wheat for Iba flr*
There is no harder task if undertaken years 18301884 were almost exactly the same as for the
«on8cient'ously.
One may judge of that from the almaat five years 1876-1880; if anything, a trifle leas, in spite of
existed, will bo
currency systoin.
unlimited
number
of differing plans our loading bankers
are proposing in the matter of bank notes.
Or perhaps
a more exact-idea of the Babel to be harmonized on that
all
the increased facilities for putting the crop on the mar.
ket.
Mr. WoUs' statements concerning the United States
point alone, will be obtained by reading the concluding hardly
less
open to attack.
an
' Thecjreal production of the
He has done a " United States increased from 932,752,000 bushels in
very useful work in bringing together and analyzing one " 1802 to 2,992,881,000 in 1884; or in the ratio of 452 per
year's communications to him suggesting modifications of " cent."
It may be remarked that Mr. Walls' arithmetio
portion of Comptroller Trenholm's report.
"We gave his conclusions in at this point seems, to say the least, a trifle peculiar; but
two weeks since, and they will be found instructive read, let that pass. The real objection to this compirison is that
ing, even though the reader does not agree with the recom- the initial year is by no moans a fair one.
In 1862 little
mendations. In fact, in this latter event, they may be the more than half of the country was available either for pro.
more inspiring for we have always thought that Doctor duction or for enumeration; men's best energies were
No wonder
Taylor's Scotchman, who went so regularly to the debat- turned to fighting and not to wheat-raising.
ing club simply that he might contradict a bit, was a true that North and South together, in profound peace, and at
the end of twenty years of unparalleled growth, should
philosopher.
raise three times as much grain as was grown in
THE ECONOMIC DISTURBANCES SINCE 1873. 1862 by the States then available for enumeration, in the
[second article]
midst of an exhausting war. The only wonder is, that
As long as Mr. "Wells confines himself to generalities Mr. Wells should make the use he does of a comparison
concerning man's increased control over the productive so distinctly unfair in its basis.
forces of nature, or to remote causes like the Suez Canal,
But he has another set of facts with regard to the
But when he United States, which impress him so much that he repeats
it is hardly necessary to answer him.
the laws in this particular.
full
;
attempts to explain
and are falling
why particular commodities have
fallen them twice over.
" The average wheat production of the
which are more "United States for the five years from 1881 to 1885^
"We believe that " inclusive, was 436,000,000 bushels; while for the ten
in price, he touches matters
important and
more easy
to decide.
—
wrong simply because many " yeirs preceding some of which supplied the heaviest dei' maads for exportation
ever experienced the average
Take for instance those relating to wheat. Of all the " was only 366,000,000 bushels." "Very true; but what
articles in his list this is probably the one whose fall in does it prove?
One of these periods was, on an average,
price has had most to do with the distinctive features of seven and a half years later ihan the other.
The incresse
"Wheat in England has fallen to less of population in the United States in such a period is more
the present crisis.
In the "United than 20 per cent. To have kept pace with such increase,
than two-thirds of its former figures.
There the wheat product for the second period should have beea
States the decline has been hardly less marked.
has been some decrease in cost of production, but nothing at least 450 millions instead of 436. Mr. Wells' theory
many
of his co iclusions are
—
of his facts are wrong.
How does Mr. "Wells explain it ? about food supply increasing faster than population falls
corresponding to this.
" An all-sufiBcient explanation," he says, " would seem to to the ground, in this instance at any rate. This will be
" be found in the cir. urastance that all investigation shows still clearer in tabular form.
1871 -«0.
1881-S8.
" that the comparatively recent increase in the world's supbiub. 866,000,000
Average anuiukl product
" ply of food has been greatly in excess of the concurrent
Average annual export of wheat, and
buah.
08.000,000
" increase of the world's population." This is a sweeping
flour reduced to wheat
biuh.
"We do not Balance forhoint^ consumption
statement, and one which we cannot accept
Mctan population for the period, cKtluiated.
know of any such investigation which has shown anything Wheat ouusumod at home per head of
bu«h.
populatiuu
Mr. "Wells certainly has not proved it. The
of the kind.
268,000,000
44,000,000
61
436,000,000
144,000,000
S92.000.00*
l»,000,00*
8-5
No
he adduces breaks down completely.
For the United States,
are palpably untrue or unfair; while those general character of these ratios.
increase
of food supply, as
Wells'
"great
Mr.
rate,
hia
any
prove
at
which will stand the test of examination do not
turns
out
to be a decrease of
with
population,"
compared
but rather the reverse.
system of deduction for seed, &c., will alter the
evidence which
Parts of
it
proposition,
SpiUart," he says, "the nearly ten per cent
It is impossible to make similar tables for Europe with
doubled from 1869 to
Europe
"production of cereals in
approach at completeness, the statistics of productiom
wheat
of
any
exporto
her
Russia
of
"1879, and in the case
and of imports being much more complicated.
exports
to
67,717,000
of
1880
in
bushels
36,565,000
*' increased from
the beat Enough, however, is known to disprove rtsh satementa
probably
is
Neumann.Spallart
1884."
"in
to be concerning the relation of wheat supply to population.
authority on the world's grain production anywhere
two most careful and most frequently quoted estifound; much too good an authority to make the statement The
of the population of Europe in modem times ara
of
the
mates
here attributed to him. He never s^id anything
of Behm and Wagner, in 1874, and Levasseur ia
folthose
blindly
Wells (who is here
"Acco-ding
to Mr.
Neumann
The fact that Mr.
The former gives 300 millions of inhabitants
into such 1886.
lowing Prof. Laughlin) allows himself to be led
and the latter 345 millions. Bat Levaaseur's
Europe,
for
con.
the
with
unfamiliar
a statement shows hat he is quite
habitually rather high; and it is probabla
are
estimates
merely
not
is
It
Eirope.
ditions of wheat production in
incieasa
of one per cent aonuallj would joak
an
on
the
that
writes
who
man
no
which
* misqaoUtion; it is one
kind.
THE CHRONICLE.
840
XLV.
[Vol.
It certainly cannot be which we have quoted (and which are quoted by Mr.
about cover the actual growth.
Wells himself) mean anything at all, they show that the
per
cent.
one
of
three-fourths
than
less
proportion
between wheat supply and population in civilNow, in the face of this growth, let lis look at the
ized
countries
has remained substantially unchanged,
wbich
harvest estimates of Neumann-Spallart for Europe,
furnish altogether the best
data available.
error due to individual seasons,
average results for decades.
We
hectolitres of a little less
To avoid
the
good or bad, we take
give the figures in
The appa-
while the price of wheat has fallen one.third.
rent excess of supply in trading centres
to
is
be regarded
market rather than a sur plus
as a congestion of the
avail-
able for the consumer.
than three bushels each.
AVERAGE ANNUAL EUROPEAN HARVEST.
Hectolitres (1 heotolitre eaiiala 25o buslicls.)
-
Wheat
Bye
'
Barley
Oats
Com
Otlier grain
—3
—8
+1
•110,800,000
•113,800,000
1,895,700,000
Total
Change
per cent.
1875-84.
1870-80.
454,000,000
448,700,000
227,500,000
541,800,000
120,800,000
102,900,000
230,900,000
524,200,000
134,500,000
88,800,000
—14
1,833,000,000
-3J3
-3
+ 11
This deficit has not yet been made up in Europe itself;
Reducing the
at least as far as wheat is concerned.
and bringing our comparison down
the wheat crop of Europe to have been
figures to bushels,
date,
we
find
IMPROVEMENT EXPENDITURES ON THE
NEW YORK CENTRAL..
The report
It
Bashelt.
The
a characteristic of the Central.
however,
length,
are
for the late fiscal
that
so
details of operations)
with great clearness and at
stated
much
can be easily seen and quickly
results
Indeed, the report from beginning to end
interpreted.
a mass of carefully arranged statistics, and
is
the compara-
extending over a long series of years,
tive tables given,
follows.
Central
an unusually complete document.
does not contain any remarks, but that has always been
to
as
New York
of the
year, issued this week, is
convey at a glance the progress and changes which have
1870-1880 (Neumann)
1875-1884 (Neiimanu)
1,287,000,000
1,249,000,000
1883 (Neumann)
1884 (Neumann)
1885 (U, S. Agricultural Department estimate)
1886 (U. 8. Agricultural Department estimate)
1887 (Vienna Congress estimate)
Average 1883-1887
1,377,000,000
1,204,000,000
1,173,000,000
1,259,000,000
the
l,25(j,000,000
were reviewed by us in our issue of October 8, when the
preliminary figures were published, and the final statement
The
last five
1,20)7,000,000
years thus show an absolute deficit of 30,-
occurred in the Central property since
management has
set of the quarterly
The net
results
time incorporated a complete
this
operations for
of
now submitted does not change
population during that period, which cannot be coiisidtred
dends and
one per cent annually, we
an additional allowance of
at
least
lOi',
find
000,000 bushels
consolidation in
statements for the year.
000,000 as compared with the wheat harvests of a decade
earlier.
But if we make allowance for the growth of
at less than three-fourths of
its
In addition to ihe regular matter, we notice that
1869.
In
ally.
brief, the
ail
of $1,570,376
the twelve
months
the results very materi-
road after paying four per cent divi-
charges and rentals, had
a surplus
left
on the accounts for the year.
This would
have paid an additional dividend of If per cent.
In other
The words, the company earned in exact figures 5-76 par cent
the people, is on its stock, and this too after charging large amounts of
needed, in order to give the same relative supply.
compared with the needs of
How is this made up ? 60,000,000 bushels
of it from the United States, whose exports of wheat and
wheat-flour have risen from 75,000,000 in 1875 to 135,.
000,000 in 1885 about 40,000,000 from India, whose
present wheat export is almost entirely the creation of the
last few years; perhaps 10,000,000 from Australia and
New Zealand not quite 5,000,000 bushels from the Argenreal deficit, as
130,000,000.
;
;
tine Republic; while in other exporting countries
ada, Egypt, Algiers, Chili, &c.,
Even on
balance.
this
—the gains and
minimum
— Can-
losses nearly
estimate of increase of
population the per capita wheat supply of Europe would
seem
to
have diminished
m the course of the last ten years.
These figures are probably by no means free from error.
We
are inclined to think that Neumann's earlier figure
was a littletoo high and that there has been no very great
diminution in the absolute wheat product of Europe.
But
they are trustworthy enough to show that there has been
no marked change in the proportion between wheat supply
and population
— certainly noae which will account for the
betterments to expense account.
It is
with reference to
are the four or five million bushels of
the Argentine Republic in a market whose annual variations
of supply amount to hundreds of millions?
The increase
namely the
As compared
tinized.
with the previous year gross earn-
ings have increased $4,790,695, and net only ,$1,012,448—
that
sum
is,
there was an augmentation in
the operations of the
expenses in the
Of course, the
of over 3| million dollars.
West Shore
fact that
are included for the full
twelve months in 1886-7, and in 1885-6 were included for
only nine months, tends to swell the
totals,
both gross and net results and does not at
the large
proportionate
increase
but that affects
all
account for
expenses.
in
So, too,
with regard to an enhanced cost of operating; even admitting that labor
and some other items are dearer now, the
increase reported
in that way.
is
altogether too large to be explained
Hence the conclusion
expense account in the
late
is
inevitable that the
year included some extra-
ordinary charges, such as heavy outlays for improvements
The picture drawn by Mr. Wells of and betterments, and
a market, already overstocked, which India and South confirms.
America are flooding with an increasing surplus, is a fanThe report does not
What
point,
accounts, that the present report will be most closely scru-
actual fall in prices.
ciful one.
latter
this
extent of extraordinary expenses included in the year's
this
tell
view the pamphlet before us
the precise
amount
of additions
to expenses in this way, but a statement is given of the
work
and repairs completed or in progress,
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, " continuous and of great
and comprehensive character of the improvements that ar»
"magnitude," haa 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, bridgts, grading and
admit.
The fall in price shows it. 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
dispoaed to
deny.
If
the statistics
of " reconstruction
new locomotives were added, 30
to replace old ones sold or
Deoshbbb
destroyed
THB CHKOMCLtf.
24, 1887.]
811
11 locomotivei
were alto equipped with uti- Or perhaps it will b« contaadtd that with tb«
Of passenger and baggage can, 46 were of a larger amount of track the coat of auiati
bought, only seven of which went to replace old ones 35 naturally would expand, though this point is dsprirsd of
cars also were equipped with the
antiSre
heater. much of its force because of the fact that in 1 885-6 th«
freight cars
Then 1,643
having a
capacity of West Shore was operated only three months le« than in
tons
each
wore
25
purchased,
986
However, to meet all Inquiries of this kind, we
going
to 1886-7.
increase the road's equipment, and the other 657 replacing have prepared the following statement showing the excars having a capacity of only 6 to 15 tons.
Five milea penditures under the different heads for the last nlM
of new second track were added (between Tonawanda and years.
Ksw TOBK CEvraiL invinBS.
La Salle), over 22 miles of sidings were laid, new tracka
Mainta'm Rtpalri
were put in the Lyons yard, while 19 miles of doubls
OptraHng
rtar.
fbNut and 0/ Equip
and
IMA
track were laid with 80 pound rails in place of 65 pound
Ami •t'i« nunl, tc. Kquirm't.
Altogether 8,962 tons of rails were used In repairs;
rails.
*
»
S
S
;
beaters.
fire
;
we
previous year's repDrt,
referring to the
find that only
5,053 tons were then given as having been used in
struction
and
And
repairs."
all
stations,
ings,
In
bridges, sheds, &c., &c.
fact,
We
expenses.
increase
one-half,
in
occurs
under
operating the road.
tion
to the expense
It
th3
is
in
the
«,OT».B«ft'
4.«0S.SM|
build-
18BS-84...,
4.ae7M
ISSi-SS...
s.74S.ai»
S.Ma,4M
the only
va»-m...
i,«6»,10l
Mot. us
$3,778,247
or
$1,863,577,
head
this
ll.ia8.U3
of
exp^nsas
about
for
item that the addi-
account arising from the enlarge,
i8.UKMB
7,70«.:iO"
7,74n
«,S1S.I>14
tJ.TaojMt
8JWJ.9JM9,IKH
s.s»,7t«>
tT.SM.SU
a.ssw7t I8.*Ul*n
1888-87...
3.aM,714
aMOJtSt UMa,tiM IMMJM
s.8N.ta| i»M»jno W.WMISS
Total.
84.l>8l,aBS| S0.8IM.S43
Mjm s»8 ioa,sa».7ae im.n»fiM
is
of
that
find
expenses,
10.ftll,«l«
6.740.81
1889'A3...
equipme
We have stated that the report does not give the totaj
of expenditures represented by these various items, but
some idea of their cost and magnitude can be had from
an analysis of the detaiU embraced in the usual exhibit
of
&,IKIB.i.'i7
s.aii.aa5
1881-81...
to
$417,290 spent
in the purchase of land, a new elevator, and some floating
total
t,TaS,7l7
S,1M.M8
ISSO-Sl....
new
operating expenses, together with the cost of
charge to capital account for the year
" con-
S^M.TM
..
a,4S4,a8ft
was charged
this
I8;8-7I»...,
1879-flO
To understand
these fignres
it.*M.»M 18.7so,ms
7.!na.cm
8.881.338
it
most be remembered
that the four years ending with 1883 were very prosperous
years for the Central, and that in the most of these the company pursued the same liberal policy with reference to renewal and reconstruction expenditures as in the late year.
In 1878-9 for instance maintenance expenses for both road
and equipment were only $5, '>09,457. In the next year
there was an increase to $6,746,311, followed in 1880-1
to $7,708 309,
by a further increase of a million dollats
while in 1882-3 the total rose to $8,872,850. Tnis latter
was the very best year the company ever had. Yet the
volume of trafBc and the enhanced cost of
wages, fuel, &c., would show, and we may therefore con- amount spent in the late year was fully as large a few
In 1884-5, which was a
sider the increase under that head as being the result of thousand dollars heavier in fact.
ment
of the
—
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 2 J millions.
policy in making renewals, improvements and better- nine years including the late year, is $1,561,344 below
Of course the cost of
the $8,874,933 total for 1886-7.
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.
expenditures for repairs of equipment and machinery If the million and a half dollars above the average spent
were over a million dollars greater in exact figures, on renewals and bettermeats had not been devoted to
ments.
The expense
for
—
the purposes mentioned, the surplus balance on the twelve
months' operations would have been just that much larger,
year before, though this may have followed from the and the amount earned on the stock instead of 5J per
But that is hardly to
operation of the West Shore, which previously had not cent would have been 7^ per cent.
been included. Going one step further, it is discovered the point our object was simply to demonstrate that in
The additions here are the more noteworthy
$1,082,552.
that there had been an increase under both heads the
;
that
there
is
an increase in every item the
late
year.
Repairs of freight cars alone account for $739,184, and
the large addition to the
number
of these cars,
gives the reason for this increase.
the late year a very considerable
sum had been spent for
additions and improvement? and charged to expanses.
noted above,
THE WAR CLOUD IN EUROPE.
Repairs of road-bed
Recently a state of uneasiness has again prevailed
Barope. Uneasiness existed while the Cz»r
of
repairs
throughout
of
cost
and
cost of rails used in repairs
and there can be no doubt that the
Djnmark
might
in
we
yet
so
was
And
each.
bnl'dings nearly $200,000
In fact, with the excep- discovery of the formation of the triple alliance was a
go through the entire list.
account for an increase of nearly $300,000 more, and the
:
addition of $142,768 to the taxes on real
estate (these taxes being reported under the head of
maintenance of road and real estate), almost the whole
cause of irritation to himself and his trusted counsellors i
Etplanations
Russian people generally.
if not to the
of the $1,914,670 augmentation in expenses for mainten.
All of a sudden, howthe outlook somewhat brightened.
ever, the anxiety returned, and Russia was moving her
batulions westward, through Poland, and esUbliahing her*
tion
of the
ance of road and equipment
may be Uken,
it
would seem
extraordito us, as representing outlays of an unusual or
"
repairs of
for
increase
nary character. The $739,184
cerUioly
it
U
and
nature,
that
freight cars" is clearly of
H
million dollars of
to say that about
year was caused
late
in
the
expenditures
the addition to
no exaggeration
were made, and after the Cz\r'« return to
his
own capiU^
strength along the entire frontiers of Germany and
For some days the excitement at Vienna, at
Barlin and throughout the Balkan regions amounted to a
War preparations were initiated credito were
panic.
self in
Austria.
;
and explanations were demanded from Ratnn
called for
by such items.
and Austria. Explanations have again
Germany
But it may be claimed that the maintenance expendi- both by
threatening aspect of affairs has not
the
but
made,
small,
been
tures in the previous year were comparatively
;
kence that the increase possesses
little real significance.
altogether disappeared.
812
And
yet, all the facts
being
TBE CHRONICLK
considered, we are inclined fensible — forbidding
to take a hopeful view of the general situation.
day
Lord
last
Oa Mon-
Salisbury, speaking at Darby, proudly stated
in diplomatic circles there was
[Vou XLV.
any of
ttie
allied
peace without the consent of the other
Alliance, powerful as
it is
pavers
t'vo.
to
mike
Tae Triple
in itself, is graanly a .ria^theaed
was known
no ground whatever for the war terror that had seiz jd the
Lard
bourses, exchanges and newspapers of E irops.
Sdlisbury is not one of thosa men who us9 language wil
by the approval of England; and it is alrija^ly well understood that if Russia should rashly and wif>i lU'. just cause
break the peace tlie navy of England wi ild came to th&
fully for the purpose of concealing
thought or for the purOn
pose of producing impressions not jusliSed by fact.
value of such assistancs.
the contrary he means what he says; aud hia words are
of Italy
that Eo far as
aid of the allies.
out
it
It
impassible to
is
o/erestimate the
la the event of w*r breaking
would be natural f jr Rissia to make for tha caasts
—
1
movement which would
piralyza Italy so far
as the alliance is concerned, because
it would oampel her
Bat with t'ae' Britmacy is concerned there is no known reason for the war isb fleet added to that of Italy and to that of
scare, we must t.ike 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 been
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
always to be taken as an honest expressioQ of opinion or
When,
of fact.
therefore, he says that
so
far
diplo-
as
to
keep
her troops
at
home.
;
;
made through
date,
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 were unitei, Garminy and
movement of troops in Poland had ceased. The indica- AustroHungary, even 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 encouraging and hope inspiring character.
facts of the moment
and these justify us in regarding
It is well that matters have taken this favorable turn.
the Triple Alliance, with the moral and probable material
It is unfortunate, however, that the nations of Birope support of Great Britain, as a sufficient aud satisfactory
Bhonld 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 Eirope taking
Tomit 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
terror takes hold on the multitude
known
It is well
and
affects the markets.
that but for certain restraining influences,
—
which, happily, for the moment are all-powerful such are
the enmities and antagonisms, and such are the aggressive
tendencies,
hour.
— the
European peace would not
last
ver that
work
if
for
noonday to every thoughtful
Russia had her way she would make
It is plain as
of Bulgarian independence
and
an
gratifying
when combinations
in
the interests of peace
shall result in the general reduction of those
vast armaments which are now and have long been the curse of theEuropean communities.
obser-
HOW AND WHY THE CANAL HAS INCREASED
short
ITS GRAIN TRAFFIC.
equally evi-
In tbe prominence of the canal, the grain movement
France were certain of victory, there would at New York still presents the same characteristics as
be no delay in attacking Garmany. It is the known noted a month ago. The statement for
November,
existence of these sentiments which causes such import- showing
the sources of the deliveries in that month, has
ance to be attached to every rumor which points to an now been compiled, and it is really
noteworthy to observe
alliance
between Russia
and France; an alliance how the canal keeps increasing both the amount and the
cfieneive and defensive between these Powers
would proportion of its contributions to the total movement.
be a menace to the peace of Europe.
Tnera is no
Tne 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 tbis increase of
denying the fact that prior to the late change in Franca
1,532,548 bushels as compared with last year, the railroads
there was much suggestive coquetting between the
two have only 249,651 bushels, and of the 2,838,518 bushels
governments. For the present the coquetting has ceased- increase
over 1883 they have only 141,867 bushels. In
dent that
;
it
is
if
—
;
and, considering the ctiaracter of the nsw French President, and the influence which M. Jules Perry had
both in
the election of the President and in the composition
of his
cabinet, there
is but small chance that the
courtship will
have any serious practical result.
We have referred to certain restraining influences,
which for the present are powerful in the interest
of
peace.
What
three of these years the railroads were at peace. Rates
have varied of course, but the advantage on that score
we should judge was in favor of the present year. For
all
instance,
tion
it
that
was only on shipments for domestic consumpthe roads received full 25 cents per 100 lbs.
Chicago to New York this year last year that was the
rate on both export and domestic shipments.
In 1885 the
;
are these infliences?
One of thexi we rate was likewise the same on both classes of shipments,
mentioned— the improbability in present cir- though it was not
till
the 23d of the month that tha
cumstances of a Franco- Russian alliance.
l<'fance has
tariff was placed at 25 cents, having previously been only
quite enough to do at home; the
revanche party are not 20 cents.
The canal's increasing importance, therefore,
have
just
now
in the ascendant; and Russia without
Prance to act
on the western flank of the enemy will not
venture to go
to war with Austria and Germany
and Italy combined.
The great
alliance.
restraining influence,
however,
is
the triple
This alliance, which includes Germany, Austria
and Italy, is of the most thorough kind.
It is defensive
and precautionary in its primary
purpose; but directly
war is declared it becomes offensive and
remains inde-
can hardly be claimed to be due to the exaction of higher
rates
the
on
small
shipments
the part
iacreasa
is
of
the
that
entirely
railroads.
has occurred
in the
Mareovar, even
in the railroad
various or miscellaneous
roads (comprising chiefly the operations of the
Lehigh
Valley outside the trunk-line association); these roads
brought in 829,167 bushels this year, against 504,927
bushels in November, 1886, and only 155,233
bushels
Deckube»2(,
In
THE OHRONICLK.
1887. J
Excluding tbem, the Qve truck Iidm brougbi
1885.
in 6,615,878 bushels this year, ftgainst
6,690,467 busheli
last
year,
and 7,147,895 bushels two years
lees
with
each succeeding year, in face o( the
shown, that the
total
by
routes, rail
all
The following
sideraWy increased.
ago— that
fao*,
more than the
received
the detail* of
^(tvembtrj
1887.
1886.
N.Y. Cent... bosh.
Sl,034,aa()
Percentbush
Per cent.
1,434,(100
Penosjtlr'a.bush.
TM.saT
Erie
Del. L.
A
4H4
b07,lS5
Per cent.
Per cent.
T»0,260
1,8W,758
llfOt
Total RR.. bush.
Percent.
Blver A coastw.bu.
Per cent.
Canal
bush.
Per cent.
7,445.WS
1.394.891
9-04
489,077
3-83
604,937
155,«-(3
8-60
1-24
7,1«5.>«14
47-83
81-J7
871.838
S21,337
1-44
SrH6
S1-4T
3,106,880
•8*.«80
8-49
1,501,088
o-io
;06,5ia
lo-oa
809,187
1-88
S98
66,484
0-44
1-31
7,939.882
58-91
6.10a.l43
5498
oam
18!,024
884.068
186.810
1-83
8,814.769
866
6,854.30*
46-88
4.716,416
48-44
bushels, and
the
Aa
biutaela
the locreM* on
iocreaae.
total
Se^
oame bj
In
fact,
if
it
it
a similar slate of things waa observed in prevlona
months,
are
it ia
evident that the causes that have produced it
more than temporary or
seen that their origin
145,645
1-81
than
1,090,100
they do.
railroad
l,»i8,S34
8-19
barley;
buhtia
2,530,200 bubals.
were not for the gaioa in fljur and oata, the former
of which
hardly tver go«a by water, the raiIroa<ia
would make a much lesa favorable ahowing even than
vr:a
887.186
5,08»,500
39-58
46-79
18H».
furniabed
4. 1 70.87V
1,SS0.«»1
80-90
015,939
801
0,665,50-2
60-73
13-lS
*.4BS,I99
7,303.178
57-38
1-94
7,8 '0,000
ai4«
1.9S3>m
288.039
3-28
5-31
1888.
S,»15.3I6
9-00
5-03
710,100
1,88>,816
829,107
5-J8
Total
l.TOl
8,303,014
18-80
S-98
Yarlous Ilits.busb.
Percent.
1884.
3,719.393
21-68
1,886,811
«'34
W..bush.
West Shore. .bush.
iSti
13'OS
Per cent.
188S.
l,l*33.8))9
NOVKHIIItn.
incrtiis; oat of 3,253,986
it
canal out of 1,45S,420
heavier
to that that tb« eaoal gaioad
lei«,
total
regard!
by
largar tbaa Imi, kal (1m d«llir«ri«
altogether,
«
too,
ia
NKW rORK BT BOUTU DDBIKO
wm
were
railroads
M
the deliveries for a series of years past.
BBOBinrS OF QRAtM AT
the
ii.
and water, oon-
give*
year
total tbit
848
5,941.5*4
39-60
all... bn»b- l5.5WS,SS2!l4.ai3.S.-M 13.7«fl,8<M 16.U00.818 11,106.016 14,C7«.993
rates,
ia
We
tranaient.
have already
not to be found in diflerencea of
auch changea
n
have
occurred being
rather in favor of the present year than otherwiae.
think the activity of railroad basineas
will
in the
main account
for
all
We
over the country,
the change.
For montba.
reports have been general from the trunk lines that there
was more
trafSc offering than they could take care ot with
existing
their
From every side even now a
As a result, much of the
facililie;.
acarcity of cara is reported.
Note.— In the above table Boiir has been r^ilnced to Kralo outhe basin
of 4>a bU8hel8 to a barrel, aud no dietinotlon made in the welKhtH
of the difierent kiudu of biuhele, all being added togethor on the same
baala.
The West Shore
the only one of the
is
that has increased
this year.
ratio
its
five
trunk lineg
It
brought in
12 01 per cent of the movement, against 9-94 per cent
last year,
and 3 85 per cent
1,86.S,846
910,000
and
this
About
cereal, too,
half of ita
their rolling stock occupied in business yielding, say, 60
@75
ti
cents
afHc
per 100
preference.
lbs. it is to their interest to
This
namely
presented
itself to
accounts for more
much of
At first
sight this view
however, was
bushels deliveries,
bushels,
1835.
in
would ordinarily be available for the shipment of produce has been diverted to other purposea. It
is to be remembered that grain ia low-clasa freight, and
returns bat little profit to the railroads.
If they can keep
facilities that
oats,
is
give such
probably the situation as
it
the managers, and as a result they let
the grain go to
the lake and sanal route.
would seem in conflict with the
On the New York Central the changes as compared with well-known fact that rates on grain have been more or less
last year are very slight
there being a trifling reduction demoralized all through the year.
If the roads made no
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 haa
than the whole of the increase over the previous year.
—
down extended only to export business, aud there it is easily
from 2,759,393 bushelp, so that the compar. explicable on the theory that the roads were simply proison is with small totals.
Tue Erie and the Pennsylvania tecting their customers. Export ahipmanta of coarse are
however, have experienced continuous declines.
The governed by the price in Liverpool; besides, each road haa
former in 1S85 contributed 2,393,014 bushels to the its regular patrons, and these, under fair treatment, are
total movement, but in 1886 contributed only 1,826,811 usually retained year after year.
Hance if one of the
bushels, and now for 1887 is down to 1,454,600 bushels. lines reduces rates, so as to enable its coatomera to make
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 ratea on
reduced from 9 60 per cent to 4-84 per cent, that road special classes of traffic will undergo reductions even
falling off last year, its deliveries then having been cut
to 1,933,399
having furnished only 753,237
1,222,752 bushels in 1885.
show a continuous
bushels this year, against
The Lickawanna does not
decrease, but
it
has
lost
a good part of
when the general tendency
is
in the opposite direction.
This analysis of the situation puts a different phasa
upon the figures in the above table showing a reduced grain
movement on several of the railroads. It indioatea that
as
in
the
heavy
the roada have suffered aome of their low-priced freight
The canal percentage is not quite so
was
much
to go to other routes in order to carry more of the highin
brought
previous month, but the quantity
Bearing thia in mind, the following
month
freight.
classed
corresponding
with
the
greater, and as compared
usual form, of the revenue derived
deliv.
our
in
the
statement,
while
Thus
decided.
last year the gain is very
lines from thia grain traflio
eries by that route were 7,896,000 bushels this yev, in 1886 by the Eastern trunk
the previous year's gain.
In figuring tbe reaolta for
bushels, and in 1885 only 5,036,500 will not be misonderatood.
bushfh. The ratio is 50-73 per cent, against 46-79 per cen^ the present year we have found it imposeibla to
average of the rate realized by the roada
last year, and 39 58 per cent in 18S5. In fact, both in ratio get an
and amount the canal has improved greatly on all other during November, since there ia no meana of telling
The predominance of that route is also what each company received aa ita proportion of tbe
recent years.
Tnke wheat toUl through rate on ahipments to foreign eoanuiea;
seen
figures for the different cereals.
they were 6,565,502
in the
former at nor can we know what proportion of the total arnvala baa
We hava
been for export and what for domeatic usei
therefore taken the aame average aa in the previooa
22 cents per 100 lb'., which would comoff
only about 100,000 bushels, th» canal con- month, na-nely
fell
in November, 1886, ^nd 22 c^nis in
tributing 3,817,100 out of total receipts of wheat by ill pare with 25 centa
1885.
la the caio of corn tte
routes of 4,318,670 bushels.
and corn for instance.
The
deliveries cf the
this port in November this year were over 800,000 bushels less than Uat year, but the amount coming by canal
THE CHRONICLF.
844
jlPpboximate gross revenue from through grain tonnage.
Jan.
305,000
383,000|
359,OOtJa,430,000 4,165,000 S,192,001i
here a falling
ofi as
111,000
Krle
67,000
35,000
104,000
Pennsylvania
Del. Lack. & West..
West Shore
28,000
86,000
Total..
month
^»
45,000
43,000
80,000
94,000
is
1886.
I
139,000 1,182,000 1,474,000 1,244,000
858,000
120,000 1,022,000 1,131,000
544,000
545,000
01,000 448,000
14,000 253,000 653,000 200,000
625,000 457,000 846,000
25,000
Mew York Central..
There
1886.
$~
i"
*
1 to Ifov. 30.
1887.
1885.
1887.
"West Shore, and the same for the eleven months. But as
already said, this does not convey a correct idea of the
course of
Still, it is
traffic
and earnings
useful as showing
from
general
business.
the result on a special class
of traffic usually of considerable importance to the roads.
We now give the receipts by routes for the eleven months
end of November, from which
of the year to the
be seen that while some
parison for this period
of the roads
make
will
it
a better com-
than for November, yet
all,
with
the single exception of the "West Shore, carried less grain
than in 1886, though the loss on the Erie
The canal has brought
in taore grain
is
insignificant.
(han in any other
of the years given.
N. r.Cent.
Per
.
ot.
Per ct.
PennsylT'a..
ct.
Del.L.AW.
Per
ct
West Shore.
Per
ot.
Var'us RRb..
Per
NEW
YORK, BY ROtlTES, JAM.
1
employment
difficulty
finding
in
Loans barely
per cent, and the discount charge for three months'
3
for balances has rather increased.
weak at 2J^ to 3 per cent. The German inquiry for gold
has ceased, but some purchases are being made on Indian
account. In the Bank of England return the more important change has been the increase of .£1,001, 403 in Government
securities, from which it may be inferred that the banks liave
been taking back some of their stock from the open market.
The reserve has gained £69,977, but the proportion to liabili
ties which, last week, stood at 48'04 per cent, has receded to
46-9S per cent. The item of bullion exhibits a gain of £70,837,
the whole of which must have been recovered from internal
circulation, as there have been no foreign gold movements
during the week. In the aggregate deposits held an increase
" Other securities'" have been reduced
of £753,495 is shown.
bills is
£393,298,
showing some repayment of
the reserve
year.
is
now
The amount of
more than last
£30,433,459— an increase
loans.
or £1,117,000
£18,776,304,
The stock of bullion stands at
same time last year.
The
money have been
rates for
Open market
1887.
1886.
1885.
1884.
1883.
Su»h(U.
Bushels.
Iht»he]s.
BusluU.
Bushels.
Bushela.
ct.
19-22
25,136,010
20-68
32,247,719
27-55
27,678,408
25-79
28,339,260
24-98
34,144,287
32-79
19,125,095
19,136,748
86.719,482
22-76
21,459,845
13,945,516
13-40
22,911,000
15-71
28,474,895
19-21
18,418.011
16-03
8,856,770
7-42
9,281,893
7-62
14,080,952
12-03
10,196,385
9-53
12,239,143
10-48
4,863,375
4-07
9,404,246
7-72
5,129,041
4-88
4,876,2S9
4-56
4,288,871
3-63
10,130,317
8-49
7,811,011
6-41
9,462,811
8-08
6,568,391
5,394,035
4-43
819,334
0-70
},203,875
5-80
664,877
76,183,045
84,204,752
71-95
87,270,7c8
°"-""
62-90
73,231,733
6-60
17-22
0-B8
20-81
664,597
0-54
72,484,954
Perot
BiT.& coast
Per ct.
60-78
82-51
62-34
67-34
1,164,992
0-98
2,019,806
1-66
3,395,729
2-90
2,168,011
2-03
3,391,707
2,283,653
45,689,900 43,660,022
38-20
35-83
29,433,387
25-15
37,502,187
35-07
40,839,808
34-77
31,728,619
30-47
Canal
Perct.
all...
119.339,846 121,843,773 117,033,868
70,114,844
as follows:
Interest allowed
rates.
117,483,048 104,186,416
10, 1887.
confidence in the future can be said to
have taken place during the week, althougli some uneasiness
has been caused by the repotted movements of troops on the
Russian frontier. As a set-off to these rumors, we have bad
the pacific termination of the French Presidential crisis and
President Cleveland's message to Congress, which has been
unquestionably well received here, as its provisions, if carried
of
must ultimately have a
f
^
NOV. 4 4
"
11
"
18
'
25
Dec. 8
9
now
there
Bills.
Four
Six
Three
Four
Months Months Months Months Months
Three
3H3 -
a- 3 ®- 3M@4
®- 8 a- 3 @- 3^<®4
-
4
3
4
S
4
4
4
SH9
SM®4
3^@4
3Xa4
3«®4
8MS4
ffl- 3
3H9 - 3 a
2T^a
3}ia4
sH^m "%a8K3H34
3)«a3H
a -
3 3
3
a- 3M34
Dlsc't H'se.
Joint
At 7 to 14
Stock
Banks. Call Days.
Six
li
~2W~
2«
8!^®4
SUM
muH
8« 2H
an
2«
2«
2«
2«
3M®4
3H®1
8«@4
m
nH.m-^H
2« 2M 2«
nH.mi-m
m^M-au
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &Ci.,
pompared with last three years :
beneficial effect
a singular absence of rumors
on the stability of any of our leading
firms, and from this we may assume that trade is
certainly
sound.
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 markets, 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
£
28,847.255
24,191,675
24,105,5C5
4,488.8-35
2.830,147
3,280,419
6,884,844
22,589,908
83,218.814
28.874,394
Government
13.410.712
12.685,151
12,558,949
13.182,619
18,618.337
18,805,801
19,476.032
21,77«,313
12,117,638
20,811,698
i)'4 p. C.
22,552.49'
secm-ities
Bank rate
The Bank rate
1?,776,801
11,850,058
12.243,101
20,423,459
20,100,733
20,848,609
46
p. c.
46 93 p. c.
45)^ p. 0.
4 D. C.
3p. c.
4 p. o.
OOS-lO.td.
101 13-16xd 100Ji.td.
110,885,000 101,838,000 91,027,000
Consols
Clearing-House return
of discount
chief Continental cities
and open market
now and
24,444,080
5 P.O.
am
93.486,000
rates at the
for the previous tliree
weeks
have been as follows:
Dec
.
Dec
9.
Nov
2.
.
No}
85.
IS.
Bates of
Interest ot
Bon*
Bate.
Open
Bank Open
Market Bate. Market
3
is
"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 tio have up to the
present been the main centres of attraction, but iron is
now
hardening, although the recent statement of the
Cleveland
1385.
S
other bills
Public deposits
other deposits
on our trade-
reflecting adversely
1886.
1887.
excluding 7-da7 and
circulation,
Our commercial prospect generally may be considered bright"
The reported troubles in Canada may cause some losses
here, but just
Trade
Bias.
Other securities
Reserve of notesandcoln
Coin and bullion
Referve to liabilities
London, December
No abatement
Bank
London
2-lfl
[From our own correspondent.]
out,
The
have Veen observed.
of the year
TO NOV. 30.
Total EBs.
Total
An easy money market has prevailed throughout the week.
Certainly no signs of tight money with the approaching close
for deposits by
jlrte
Per
accordingly.
of £333,000 over the
BBCBIPTS OP GKADJ AT
Jan. 1 to
Nov. 30.
The moment was very opportunely chosen, as there
was a 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
future.
compared with the same make
the case of every road except the
last year, in
XLV,
[Vol.
3
3
3
Berlin
Frankfort
Hamburg
Amsterdam
Brussels
2X
3«
Madrid
4
St.
Petersburg..
Copenhagen
2H
2H
2H
8H
Bank
Bate.
Open
Market
Banli
Bate.
"~2^ ~3~~
Open
Market
2H
3
2H
8
3
3
a
3
2ii
3
8
2%
2H
2%
3
2H
3
2H
2
3
8X
8«
8«
SH
2H
2>4
s«
S'4
S)i
SH
4
4
4
4
4
4
4
4«
4M
4«
4M
4«
4M
5
3
5
4?«
8
i%
5
5
5
5
8
3
3
5
3
S
3;
3
Messrs. Pixley
& Abell write
2H
as follows
on the
state of the-
bullion market:
Gold— Dm-liig the week there liave beeu uo moveiueufcs of gold iit the
Bank of Eugliiud. Some demand has aii.seu for export. Ai-rlvals:
£4,000 from the Cape of Good Hope. £25,000 lia.s been shipped to
Bombay.
Silver— Thei-o lias been u sharp ri.^o siiiec (uu- ln.it. },'reaMy aecentuated
by the good rates obtained l)y the India Council. The price to-day Is
1 l-'ii«d. £30,000 ha.s avrlved from New York. The arrival is also reported
of the AUer, from New Yoik, with £8i),000. £88.003 has been scut to
Bombay, per
P.
&
O. steamer.
Mexican DoUai-s, ex French Steamer, wei-e solil at 4278d. Since then,
owin^ to tile rise in silver, rates liave slightly improved. In the absence
of business, there is uo ciuotatlon.
Decbmbeh
24, 1887,
THE OHKONICLK.
P
J
Tlie (luotations for bullion aru reiwrtoU as foliowH
GOLD.
quantitlPM reoalradwCT* 9,!St,978nM. hcairtor.
:
Dee.
a.
Bar gold, flntt....oi
Bar gold, oontaln'g
77
Loiubm Htdndard,
I.
S
oi,
u 3.ia
4« «-ie
Cake lUTar
Mexican dolt
8. Am.doubloons.os
Tm.
BarillTor, oonlalD
log Ogri. gold. .01.
BarsllTer
30d«tsallTer..oi.
Spao.doub)uun8..»i.
DK.!.
. .
Our iwymonta for food wvn quite np to th* «r«nifB.
The following are the totaln of thn imports and Mporta dor*
Ing October sad tbs elaven months:
t.
d.
doXnMPndMeti
4TB-ta
oi.
.
*
now
attracting so
much
attention,
*
is
the old Cloggan
mine, from which between the years 1800 and 1865 some £00,000
gold was extracted by the rather primitive processor panning)
but now the latest scientific methods are used with, it is main"
*
Heinemann
«
U^^
Co. have introduced a 6 per cen
loan of the City of Cordoba (Argentine Republic), n
J
is £198,400 and the price of issue 95 per cent.
^
«
'S^
during November, ko f or an enumerated
^il
in the
Board of Trad*
returns
8il6.
Oxen and bnlla
Cows
Sbeepand lamba
Mo.
No.
No.
-rsiiM,1886.
1887.
1887.
8,087
10
9,442
«117.769
42
200
790
«8P.7i6
37H,388
610,777
B81.333 1,123,377
174,363
146.814
lii,813
14.833
68,888
94,897
SI,480
88,868
3S
384
19,671
7,829
13,A30
18,626
3,638
1,459
S5,805
8«,890
6,009
2,911
90,091
31,»31
166,469
222
386,187
149,022
490,4x8
323,138
33.484
396>ra
Wh««t-Atlan. porti.ewta. 1,039,843
Paolflc porta
owta.
Ploar
owM.
owU.
owU.
owU.
Baoon
B«ef-Salted
Fresh
...owta.
&
'VcSwW m!£lZ»'
::::: II^JS
tl^-^,
The following showM the iru|><jrt« from the Unit«d StatM
Possibly we shall soon have a Hanu
cwta.
anenDiiierat'a.awU.
Welsh gold mine added to the list of our public companies* Meat,
Prei«rv«d
owU.
The shower of new prospectuses continues, but it is (juestioD. Pork—Salted
owts.
Butter
owta.
able whether the new undertakings introduced receive any Clieeae
owta.
Ptah
owts.
large measure of public support.
Lard
tained, proportionate success.
Messrs.
IrShTrodutt, M.
.oa.
Some excitement haa been caused here by the rt>|>orte<l iiu
portant discoveries of gold in Wales— in the Mawdash Valley"
ne ar Etolgelly, Some samples shown are estimated to contnih
six ounces to the ton. It is, however, considered very doubt"
ful whether anything of importance will come out of the dig"
covery, Qold has been found in Wales for a long time pastZ
but hardly in paying quantities. Not far from
prosaii
site,
TIm
were £0,M8;n8 more thaa iMt 7Mt*
inoiithit' iiii|H>rtationa
SILVIB.
Dk.
&k5
Su<rar, reflned
owta.
Copperoro
ton*.
tons.
Ao
UnwrouKbt and
ReipUaR,
131^67
130,048
39
43,798
19,448
10.678
140,238
10.903
190,156
4107.400
247.ie4
3B.%.393
298,433
32.H88
130,412
68,968
808
19,034
18.883
6,0*4
99.081
7.167
94.261
13<#,497
334
327
4,110
8,100
109,070'
9S
134
4.203
A,10»
partly
wrouRht
tons.
Tenders for £3,335,000 Treasury bills have been received by Cotton, raw
owta. I,748.na4 l,808,5.^9 4.361,143 4,609,4«7
Tallow
owta.
33,871
3«,2IB
42,247
41,444
the Bank of England,;and the whole amount has been allotted in Wood* timber— Hewn.lda.
6,039
4,387
18,»<12
28,419
Sawn and split
loadn.
6,333
13,84U
l^,812
three months' bills at an averageof £3 ISs. p. ct., tenders at £99
39.904
Clocks
No,
..
6,403
7.oea
53. 3>^d. receiving about 45 per cent, and those above in full.
Leather
lb«. 2,322,139 2,439,777
116,199
110,834
The River Plate Trust Loan and Agency Company are
Below are the exports of British and Irish produce to the
authorized to receive subscriptions for £180,000 six per cent
United States during November, as far as can be gathered
1st mortgage bonds of £100 each of the Circuta Railway
Com- from theae official statistics:
pany of the United States of Colombia, South America. The
QuantUif-TWm*price of issue is 95 per cent, and the bonds are redeemable at
1886
1887.
1886.
1887.
Borsea
No.
143
97
44.339
4675
par tlu-ough the action of a cumulative sinking fund of
3J^ Beer and ale
bbls.
4,096
4,046
17.741
.
per cent.
The
capital creations for the
week have been
Cottonpleoe goods... yds.
Jute— •yam
Willielimna & New Phoenix Tin Mining (I.lnUted), £.1 shares. £100.000
'Cox's lloi-se Repository (Limited), £.5 shares
00,000
Consiuners' Direct Fish Sui)i)Iy Association (Llmitod), £1
shares
6,000
PiU-uaJl & Sous (Limited). «10 shares
0.5,000
COLONIAL.
yds,
S<<3.800
yds. 3,320,900
yds.
93.200
Hardware and cutlery
Iron and steel- Pig. . .tons
isiooo
Bar, angle, <&a..tona
202
Railroad
tons
20,657
Hoops, sheet,&o.tous
507
Caot and wro't-.tons
274
Old, for remnftr.tODS
8,868
Tin— Plates
tons
17,998
FOHElOy.
City of Cordoba (Argentine Republic) 6 per cent bonds, issued
at 95 percent
iil08,4OO
Paliang Corporation (Limited), £1 shares
200,0(K)
Cireutii Kailway Company 6 per cent Ist mortgage bonds.
Issued at 95 per cent
120,000
The Agasslau Land & Hotel Company (Limited), Corelca, £5
shares
100,000
Tin,
Lead
To
14,666
290
Haberdashery A millinery
AlkaU
owU.
Bags and sacks
doz.
X60.000
(Limited), Sunbeam Gulch,
iil shares
8. A.
tons
owta.
tons
679.800
2,742.100
91,900
32.929
669
19.078
935
203
9.540
18,467
9.707
38.896
7,765
17.487
97,103
4.540
66,361
2,613
182.699
3.253
8,283
44.S04
61,068
165.870
9,090
34,803
49,720
1.438
81,674
9,104
4,049
23,664
337,140
76,227
907
30
13
1,301
BouldetH
Cement
120,000
owts.
7,740
320.558
42.160
17.107
Paper— Writing,
&o
720
607
443
940
owts.
The movements
in precious metals
168S.
Import* In yoT
11 montbi.
l>o
Bzportaln Nor....
11 monthi.
l>o
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
SILTEB.
Import* In Nor...
11 mODtb*.
Do
nortsin Mot„...
foreign of 7,357 tons and coastwise of 4,046 tons, compared
with October; and the actual shipments for November were
Do
11 aiontbi.
9.431
3,743
14,884
247,001
96,071
4.911
38»
9,018
10,393
10,301
11,830
89,091
6,308
31.748
86,638
3.881
16.494
60,879
laes.
M
1,881.147
.81
IS.OSl,Sl)T
i,«e.iM
ia,m4.iaa •,171
1.077,733
»,ne.78i ii.sa»,8B6
484.076
1.778
1.864
84.138
8.833
4,098
nmrndfrtmamtaautm
1887.
— jm
S
2,984
1,313
93378
have been as follows:
nandfnmmUOetmtrlm.
42, against 42.
88488
printing,
All other klnda.cwt8.
Skins and furs
Stationery lOth'rthMi pap'r
The Cleveland Ironmasters' return for November shows that
the total make of iron for the month was 209,153 tons, or
12,613 tons less than in October. The make of Cleveland iron
alone was 109,826 tons— a decrease of 7,140 tons in the month.
The number of furnaces on Cleveland ore at the end of November was 51, against 53 in October; and on Hematite, &c.
709
95,998
107.688
149.47»
9r43a
33,880
85,043
4,438
94,9»
102.317
Barthenwarn A porcelain.
ac<iulro existing business.
19304
40,788
0,498
69.198
3.763
132.577
9,13S
41360
l'i.ll3
34«,578
37,093
7,889
16.663
19,909
8,184
190
Steam-engines
Other kinds of machineryApparel and slops
B'resno Co.,
County, Colorado, U.
unwrouKht
unwrought
Steel,
UNITED STATES.
*
lbs
Pleco goods.. yds.
Silk broailstuffg
yds.
Other articles of silk only
Articles of slllc and other
Carpets
I
Mines
Piece goods.... yds.
Linen— Yam
Woolen (abrioa
Worsted (abrios
Silver Mining & Smelting Co. (Limited), Nortb
Queensland, il sharc-s
£200,000
KiM'liertoii (iolii Mines (Limited), £1 shares
12">,000
Wiiitii H,l,| Mininsl'o. (Liniiteil), New Zealand, £1 shares...
100,000
W.St ^^ll(.|)a Keef Gold Muiiug Co. (Limited), De Kaat district,
Transvaal, £1 shares
150,000
Company (Limited), £1 shares.
Ibe.
31.049
17,819
24,132
27,190
409,300
022.600
2.136,300 2,339,100
509,000 1 ,042,300
9,223.500 ^9;624',70O
82,800
143,400
4,387,600 9,126.900
15,524
12,734
materials
Mount Albion
Josephine Mining
calls.
lbs.
Wool
LOCAL.
California
Logau tJold
tons
Salt
Spirits
lasT.
M
IIJM
-
m
^8?;^
ttuut
aas.no
s.m»2m •JSS.4U
STTJgSO
«w^ras
»,ao«.tM «.T4«,««S
•
sjoo
7.014.MMI
ir-
•.oil
November, 1886.
The Board of Trade Returns issued for November are favorThe general appearance of the grain trade has not nnderable, and so far as our exports are concerned quite up to goneany appreciable change.
Firmness is still its diati*expectations. The gain for the month is as much as £1,807,669, guishing feature and sellers throughout haTe the advaa^
which, it is satisfactory to notice, has been distributed with age. Wheat has been well held and has occasionally brought
tolerable evenness between the textile and hardware indus- higher prices. <juotation8 at the principal nelHng porta are
tries.
The excess for the eleven months is £5,702,491. Li the relatively higher than they are with u:*, but ralnea atmad ar8
matter of imports a deficiency of £300,634 is shown for the more reg^ilate<l by speculative action than is the caae berel
month. Cotton importations exhibit an increase of £338,!MO, Prices seem t<j hint at a firm market, although the hardeniiig
64,488 tons, against 71,363 tons in
,
|
but those of wool are valued at £126,014
less,
although the
tendency
may
be momentarily oheoked by the return of mild
THE CHRONICLF.
846
In the statistical position nothing fresh of
importance has transpired. The chances of a further improve
ment in prices art) qui e as strong as they were, particularly as
NEW
FOREIGN IMPOSTS AT
open weather.
For Week.
XLV.
[Vol.
1884.
\
Dry Goods
TORK.
1885.
$819,170,
3,495,303
1880.
$1,534,400
1887.
$1,899,890
5,073,084
$1,943,384
4,806,904!
0,108,2-24
with thesteady expan^iion of trade, consumption promis:S to Gen'l mei-'dise.
Total
$1,314,539,
$0,101,430
$6,972,974
be of a full average cliaracter during the present season.
$8,051,608
SitieeJan. 1.
The following shows the import of cereal produce into ihe Dry Goods
$107,865,390 $95,7.56,.534 $111,200,300 B117 304 188
Gou*l
mer'dise.. 304,657,367] 275,218,553 306,566,130 331 806;i53
season,
and
United Kingdom during the past 14 weeks of the
other items compared with last year:
Total 50 weeks. $112,522,757 .$370,973,087 $417,760,130 $149,107,34
IMPORTS.
1887.
cwt. 13,839.823
5,058.920
4,-99.253
Wheat
Barley
•Oats.,
Peas
Boans.
Indian
Flour
932,120
032,228
com
6,3.58,172
3,194,779
1885.
15,838,455
4,359,626
3,617,950
663,734
902,403
6,827,452
3.466,148
1886.
14,706,921
7.685,875
5,203,229
660,048
643,230
6,831.462
4,403,131
1884.
14,151,467
0.315,505
3,373,070
677,568
1,048,460
4,877,119
4,137,538
In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending December 30 and from January 1 to date
:
EXPORTS FROM NEW TORK.
1884.
Supplies available for consumption (exclusive of stocks on
September
For the week....
1):
^ver. price wlicat
Aver, price wheat
BnjcHab
318,709,875
Prov. reported..
1886.
$6,4 14,818
$6,398,913:
$5,002,876
302,773,553 293,8So|420
310,339,805
1884.
14,451.467
4,137,538
14,038,099
Total 50 weeks. !$325,131,414 $316,781,023 $309,172,400 $298,919,296
31,380,332 29.440.000 32,063,317 32,627,104
1886.
1885.
1884.
1887.
week. 3 is. 3d. 3:8. 7d. Sis. Od. 303. lOd
season. 298. 8d. 31s. Id. 31s. Od. 32s. 3d
The following table shows the exports and imports of specie
at the port of New York for the week ending Deo. 17, and
since January 1, 1837, and for the corresponding periods in
1886 and 1885
E.XPORTS AND IMPORTS OF SPECIE AT NEW YORK.
1886.
1887.
Imports of ivhBatcwt. 13,839,823
5.194.779
Imports of flour
-Sales of home-srown. 12,345,730
Total
1885.
$0,421,539,
14,706,9.'l
4,403,131
10,330,554
1885.
15,838,455
3,460,148
12,758,714
:
Exports.
Financial ^larketx— Per Cable.
Imports.
Oold
The
daily closing quotations for securities, &c., at London,
-are reported bv cable as follows for the week ending December 23.
Weeic
Great Britain
Franco
\SiiieeJan.l.
$
Week.
$145,071
30,649
$
Since Jan.l
11,580
P6.8.101
London.
1
Mon.
sat.
1
Tvea.
45
4414
Silver, per oz
45>iS
d. 44iij
-Consols for money
1018, « lOliiiBlOlOia ll01»,e
10113, „ lOlM,,. 101%
101 3l
•Consols for account
rr'ch rentes (in Paris) fr. 81-0715 81-27ii 8I-271S 81-40
1101.2
IIOJ2 1101-2
U. 8. 4>28of 1891
12838 128% xl28''8l28'->8
U. 8. 4s of 1907
Canadian Pacitlc
62
62=8
63
6218
Caic. Mil. & St. Paul ... 76I3
7614
7559
70%
'
1
1
1
moia
Erie
common
stock
nUnois Central
29
29
119?l
121
5038
341a
Pennsylvania
55 5<
Philadclpliia & Beading. 34
Kew Yorli Central.
Ill's
28 •'8
29
121
Frl.
44 12
44S,B
1019,6 1019,6
101%
West Indies
110%
128%
12158
OS:^
76%
29 14
1214
5618
33%
1111=8
111%
111%
34
Total 1887
Total 18S(i
Total 18S5
N.ational
29
56
333e
lllia
J^tsccHaueous %tx>ii
Bank
of Dayton, Ohio.
Capital, $400,000.
Ziba Crawford, Cashier.
Joseph B. Thresher, Presidc-nt
hanking association known as "The Market National
located in the City of New York, N. Y., has
changed its title to The Market and Fulton National Bank of Now York.
;
$0.918,-27S
22,7in
37..'i91,391
533,054
7,890,518
2,898
; .000
200.116
605.578
$321 ,920 $37,839,814
1,904,197 29,019,732
274,806 14,494,553
Intportt.
]binccjun.l
Week.
Week.
Since Jan.l-
I2112
Great Britain.
$391,130
2,800
85,986
15,079
Fr8ne.e
All other countries.
Tlic national
Bank of New York." and
Binik, New York. Capital, $50,000. John
A. Clark, President; Hiram W. Hen-ick, Cashier.
First National Hank of Chivlrou, Neb. Capital, $50,000.
Bartlett Richards, Pre-iident; A. L. Miller, Cashier.
3,824—The First National Bank of Centralia, Kan. Capital. $50,000. A.
J. Best, President: A. Obenulorf, Jr., Cashier.
3,825— The Troy National Bank, Ohio. Capital, $60,000. Noah H.
Albaugh, President; Noah Yount, Cashier.
3,822— The Sidney National
3,823—The
Total 1887
Total 1880
Total 1885
$570,715'$ll,e65,525
120,373
9,771,877
203,279 15,390,100
$44,465
57,414
26,358
16,775
$1,972,119
2,000,157
1,866.1-22
Of the above imports for the week in 1887, $7,910 were
American gold coin and $928 American silver coin. Of the
exports during the same time, $6,700 were American gold
coin and $1,300 were American silver coin.
FoBKiGN Trade of
New York—Monthly
Statement.— In
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full month-<, also issued
by our New York Custom House. The first statement covers
the total imports of merchandise.
—The Market
National B.ink and the Fulton National have
week consolidated and hereafter the new concern wdl be
known as The Market & Fulton National Bank of New York.
It wiU gratify the friends of Mr. Eobprt Bayles and Mr. Albert
Gilbert, who have so long and acceptably filled the positions
"346
27,350
78;706
.
$303,580
2,216
182,336
568.266
74,498
220,846
614,177
$
$9,801,124
898,073
265.367
278.088
21,358
69,348
272,167
Mexico
South America
:
3,821—The Fourth
$20,034
5,419.198
10,417
1
Bxpf>rt8.
National Banks.— The following banks have recently been
organized
301,542
SUver.
West Indies
C^otnrajerctal aufl
2,491,048
015,714
All other coimtries...
110%
76%
2,659,990
13,334
17,7-22,708
1
500
South America.
101%
e3'8
0,700
.Mexico
8 1-32 1-2' 81-25
5018
33-8
1
lll-'U
120'8
5OI4
Thurs.
TTed.
$5,348,339
8,407,457
-.1
NEW TORK.
IHPOBTg INTO
this
and Cashierof the Market B ink, to know that they
are to hold the eame positions in the new organiz itiou. It is
not often that two companies of any kind in good stauding
-consolidate. For two solvent banks to do it, is even more unusual. And yet the Market and the Fulton are b)th popa'ar
and excellent institutions, with profitable business, gooi sur
1887.
Month.
1888.
General
Dry
Merchan-
Qooda.
Dry
lotot.
Ooodi.
Mse.
General
TMcU.
Merchanilte.
of President
plus, stocks selling at high figures;
and they join fo ces simply
because they have reason to think it will be more profitable to do BO
The new concern starts with about $1,400,000
capital and surplus, about i^i mdlioo deposits, and inttnds
to
begin on Mey Ist the building of a new banking house on the
comer of G.)Id and Falton streets which it will occupy as
«oon as coniple'ed. No doubt with such surroundings and
under its present management it will have a very prosperous
t
January
February
March
..
11.159.701
le.-: 09,861
(
S4.90r.89-.i
»
9.110.161
t
23.389,73:
83.032.778
39,822.442
12.070.1-23
38.801,741
12.818.725
28,82 1.31tl
28.304.481
8,58«,!W(i
28.013.389
37.179.710
32.484.990
3H.1 10.190
37.ig0.52«
3S,175,"8S
36.297.818
30.14S.197
37.071, 184
9.631,888
31.391,818
41.02,i,53l)
April
8.287 ,»»1
33.85ii.90U
41.141.894
May
7,808.803
30.013.836
S7,»-i0,499
7,«8l),3:>7
21.775.033
41.014,892
36.717.888
6,s81.'i7l
29,2-28.619
9.S30.-50
27.^03.768
44.235.739
14.218.301
21,-J27.5S4
10.024.2-^3
8.016.057
28.373.591
2f.l32,I40
8.115.56;
S-(.955,621
June
Aui7Uat
10,&99,060
14,B1X,036
September.
10,533,580
31.355.197
28.118.60S
29,3-2,093
25,145, V87
October...
10,263,940
ae,86S,49i
35,9;7.S47
39.532,438
31,57ii.774
3-1,581.512
6,080.8115
July
November
.
7,001.738
I
1
Total.... 113.48,1,912 317,171,401 130.66 J.343
BXFUKTa FROM
NEW YORK.
At Drew York.
1887.
I
m
The
total iinports
were $8,051,608, against $7,973,353 the pre-
cedmg week and $S.811,576 two weeks previous. The exports
for the week ended Drtcember 30 amounted
to $5,063 S76
against $6,483,418 last week and $7,056,569 two weeks previl
ous. The foUowmg are the imports at New
York for the
week endmg (for dry goods) December 15 and for the week
ending
(for
general merchandise) December 16; also, totals
smce the begmning of the first week in January
:
24.476.387
23.723.610
22,-294,833
22.314.331
March
88,38.3.100
April
.May
23.207,963
23.2M.08ll
24,596,4:5
39.191.184
OCSTOMS RKCUIPTH.
Total Merchandliie.
January
febroary
33.799.890
107.188.450 2!)4.453,S7» 401,020.380
future.
ISTPORTS AND Exports for the Week.—The imports of
last
yreek, compared with those of the preceding
week, show an
increase
both dry goods and general merchandise.
«
t
83.748.188
January..
February
..
11,798,,3C'9
18811.
t
10,935.448
13,090. 217
11,799,73)1
March
14.200,,7^2
12,500,233
April
11.420,,147
11,434,138
23,770,711
25.621,035
26,-368,43l|
May
10,947,,839
9,021.800
June
29.395.320
June
11,816, -330
July
1(7801.581
89,734,911
Jjly
12,811.,817
11,879,019
12,005,485
Auiiuat
88.374.721
25,837,301
25.338.870
August
September
October
November..
15,803,,:M0
September
October
NOTcmbor
Tjtal
I
27,572,808
29,517,577
26.065,729
'
2i. 167.493
28,8?6,274
'291,089,583 289,594,040
—
Total
13.H25.,754
14,826.578
12.936.564
12,380,,688
ll.5ai.3Sa
11,437,190
U.781.063
139,334,137 128.272.0-37
Decem
ECEMBEB
TBE CHRONICLF.
84, 1867.]
Tnlted Staus Siib-Trenfinr;.— The followliiK (iiMn ithowa
the rcceijjtH and payments ut tlio Sub-TnnMiry in tliiH city, itii
well as the balances in the same, for each day of the past
"^
week
:
Bttlanftt
nteHplt.
Dale.
Paymenf*.
Deo. 17
" 10
TlO.asS
OO'.OIH
20
l.e-l.'s.oM
21
2.071MUO
Coin.
Coin Crrl't
20,233,270
9,H,-.(l.(>'t3
i,Tr.i,oi>ri'i:n,2i5.o32
U».7(MI,(>30
i).(ilM.'.is:i
1 ,L'<i."..v;HK i;ii,'jM.i,r>.i
1!i.!)'.;M,240
'-'(l,l(i.-i,>l()2l
!».71 l.il'.'ll
ii.ti.'ii.iim
20,(I7:%,(11S|
«.I41,1,-.S
10,7117,OlU
0,432,2^0
•-•2
tK)!»..i72
23
l,H2.:i'21
7.470.958'
8.C0i).'.'83i
I
Ovrrvniw.
l.Un.428ll31,2Tft,«30
l.TKll.riMl l.'ll,H!l.".,Tl'l
1 .•JMC.O'.Ki 1 ;i 1 .HSl'.rilA
l.:i(M,7!l5 131,417,641
Total...
I
647
— TheIllin<M
"
maM
m
•'
-i«rf'
m
—The attention of Invetitoni la oalM to Ihe Hrat inoHK«|»
btndt ofTwred through onr adTcrUaUig ootumiie br Mner*.
John 11. Davis & Co., of this city.
—The Ilomeiitjike Mining Co. announren l(« osaal 6lrUmt4
of $2.'5.0O0 for Nor mher, psyal le at th« Traiiafcr Amtatef flf
Metam. Loui.sbery
& Co,
—TheOnlar'
Mininir ( o. ban dnrliirMl Itii rtiirtom«TT
r of $7.'>,0<»0, payable at the Transfer
iiisU'ry
Co.
dividend for
Agency of
.1
rmiroad Oomnin)
.i
lorlp rertinrai
o mmim
roi
mBratf* of rapuni i.iiiiii
order to be rntiiixi t<> niTKjcDda.
Tranifer bookt will cloae Feb. 8. »«• MlvArtUnient.
Mi...^ir.
&
i.'
Anrtlon HaloR.—Tlio following wero aold tliia week at
Slienango & Allej,'hen; Vulley.— It is announced oflBclally
thjit the leorgNnizaiKmof ihe Erie extinsion of the ShennnKO auction by M.ssm. Adrian U. Mulier & Hon
& Allrj hery VHllej Railroad, known as the Canal Hed Kund,
/l^llr^^,
ffnr*ff».
will tale place Jan. 5 i txt. The txteneion connects with the
.10 Peop!.
'-n.ofJ.C. 30
I:k.
41fiiili
"y Ijiud
Nickel Plate and (iiv< b it direct connection with the coal fields
«•!
H
lllll'
Ifilll
KI«.
of Wtettrn Perntylv«nia. Tfce read is to be completed by
2.1 K\illi.i. i..,. .; l.ioiiklvii..l53
K y M. >». '.H,
April 5. The reorjjanizai ion is takinc place under the direu- KMl Am. DIsl.Tel.iif Bklyii .. 10
4-niipoii on
10 Met. Plate (ibiiui of N. Y 1«1
l^,n(N>.i2d Kt. Mnnhnltunv.A
tion of the CentrHl T>u t Co. of New York, which advanced
10 tolwell 1.1'ad t'o.„.i(!100p. hIi.
HI. Mcliolas Av., 2tl Ino ..
almost |1 ,000,000. Kiernan's.
l!>20.0(M> MonlKomery A Kbt.
Kit. l>t(:«
28^
Sntro Tunnel.— The executive committee of stockholders
of the Sutro unntl Company give notice that hords suffloient
for settling the litiftaiion under the exit-ting ai;reement, which
expires on Dec. 31 next, not having been subscribed for, it U
The followlnK dividends hare reocnUy twen aniionneed
proprsed to take an assignment of the present moitgaKeand
fortcloseit for he sole benefit of subscribers for the new
bondp. Subscriptions will continue to be received up to the
Whrn
Per
Pnnkt Clamd,
Ifame of Company.
:
'
•
'
1
.
.
I
DIVIDBNDBi
i
8Cth
furnishes the following
The .-innnint o( principal of the various
oiitstandiiiK Oct. 1, 1887, is
new
Tlic
fmuled under the Kiddlcbergor
3 per cent bonds
If
amount
ing Oct.
ii>24,544,5(iC
bill
would
yield in
14,003,U23
duo July, 1882, and prior outstand1887, Is $1,892,563, which would yield It
of interest
1,
funded
1,291,973
$23,100,497
Three iM-rcenton whicbis
:Hi95,S94
According to the terms of the amendment of Nov. 29, 18*^4,
all new bonds to be issued bear interest from the semi-annual
period next precedinK the date of fundiDg.and no allowance ia
made for any int-^reat maturing after January 1, 18S5.
—
Wabash. At Chicago, Dec. 19, the Wabash case was up bsJudge Gresham on motions by the Chicago Division landholders to include in the next payment of interest one or more
coupons of the Chicago Division, and to include also, one or
more coupons of the Hannibal & Naples road, and by the bondfore
holders ot the 1879 mortgage, for the applicalioo of the earnings of the D.catur
E-st St. Louis Rrailroad to the payment
of interest on the mortgage of 1879 of the Decatur & E ist St,
Louis Railroad alone. It was contended that there was not
money enough in the bauds of the rectiver to pay interest and it wi uld be found that the main line should pay back
a Isrge amcunt to the divisions. The receiver has only
The Chicago Division
1405,000, while f5S3.000 is needed.
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 he paiu on any division the Chicago Divig'on
bonds should be included, because the division earned annually
enough to pay its interest on the $4,500,000 mortgage. Two
coupons have been raid during the year on the main line and
only one on the Chicago Division, By Jan. 1, the receiver
would have 1850,000, which, deducting, $300,000 for current
expenses, would leave ^5.")0 000 with which to pay the interest.
The court announced its decision on the 21st, and directed the
receiver to pay » coupon of the Chicago Division bonds and
also one on the H-uinibal & Naples. These coupons, and also
those already ordered to be paid, will be cashed by the Ccntr.l
Trust Co. on Jtnnaty 3.
—The Commercial JIulMhimyn "An official statement of
amemler of the Wnbash Second Mortgage Bondho'ders' Committee is that at^out $1,630,000 of second mortgage bonds have
agreed to the plans of the a^-ove committee to date. Ti i->, it
is said, is entirely satisfactory, as it is the result of only a few
weeks' work, whereas the Roosevelt Committee spent several
months in S' curing the assent of about |8,500,000 of borid* to
their proposition.
Members of the commiitte state without
hesitation that the plan of reorgani/.ition as proposed will
never be adopted, and are confiderit of further large additions
to their opposing inteies'. Th^y also claim that they are
awured, from their cone-'pindence with bondholderi", that thn
efforts of the Central Trunt Company are not over succefslul
in the nafer or si curing dep'Siis. The suecesg of the main
party, we leern, i.s yet but small in view of the lirge am- u-.t
of bonds which they are endeavoring to enlist. General Hubbard, of the Purchasing Committe •, states that abiut a wtek
ago $4,000,000 bonds had been deposited. Since thit time a
number of deposits have been received, and he makes
5,000,000 bs a (air estimate of the aggregate amount of bonds
now on deposit under the plan."
&
Jsn.
Deo.
31
1
Feb.
1
Wilmington
ti
10
3
4
3
Bait.
& Kochcster.
Kichniond A PcI(Tf*bm:y
Fock Iwland A Peorta
WilinluKton Col. A Aug
Wilmiiii^ton A Weldon
Worcester Nashua A Rochester..
Bank*.
Bank of America
Bank of New York
Porilnn<i
amount of Intcrcdt due January, 1883, to and Including
January, 1885, fundable under act of Nov. 29, 1884. outstanding Oct. 1, 1887, is .fl.»01,(>74, which would yield..
1,0C8,.">.56
Auioniitof new 3 per cent bonds already issued
7,.367,.'j54
Total delit issuwl and to be issued
23,732,008
Deduct bonds canceled by nets of Legislatiu^
535, ."ilO
Total
Ceutrul Pacific
Central Branch Union Paclflo ...
Chic 8t. Paul Minn. & elm. pref
EvansyiUc A Tcrrc Haute (oui.r.(
Plilladeiphliv
Tile
Uaye
imetutt^t.)
3>a
2>a
8
4
3
Jan.
Jan.
1 to Jan.
10
4
4
Jiui.
3'*
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec. 2!l to Jan.
Ore. 24 to Jan.
The. 22 to Jan.
Dee. '.0 to Jan.
IJeo. 24 to Jsn.
i>ee. '.'1 to Jan.
D«-c. 21 to Jan.
Dec. 22 to Jan.
4
3
7
4
5
4
10
4
5
,
23
Jan.
Jan.
Jan.
3
8>3
3
J.in.
National Bank of Commerce
National Bmadway
National Citizens
National Park
National Shoe A Leather
Ninth National
4
3>s
4
4
Jan.
Jan.
Jan.
Jan.
Jan.
3>s
Ian.
Or
8
cntjl
-'
Pbienix National
Niitli
ml
,
Tradetnian's National
17
14
14
S
4
H
an.
3
3
3
J«n.
Jsn.
Jan.
5
4
JiiO.
D<c.
2.1
to Jan.
5
I>ec.
24 to Jan.
>
S
8
Dec. 22 to Jan.
Dec. 2 4 to Jao.
l>ec. 22 to J an.
Ian.
Mount Monis
Tbnd
1
Dec. 24 to Jan.
Deo. '.O to Jan.
Dro. 22 to Jan.
Central National
Chatham National (quar.)
Kast Rlvor National
Fourth National
Hanover Naiional
lujporters" A Traders' National..
Irving National
Leather Manufacturers'
Market National
Heohanics' National
Mechanics' A Tr.ders'
Merchants' E.xohaiiK« National..
MercbantB' National
Dee. 31 to Jsn.
Jan. 4 to Jaa.
to Dee.
Dec. 14 to Jan.
Dsc. 29 to Jan.
Dee. 'i(t to Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jsn.
Jan.
3
6
(extra)
Dee.
Jan. 20
Jan.
J»n.
Jaa. 14
Jan.
8
Jan.
Jan.
Jan.
4
Bank of North America
Bowery National
Do
10 Dec. 31 to Jan. 10-
S
2>s
Gap
Bell's
classes of old dclit
(
Railroads.
Beeeh Creek, pref
:
Which
Payable.
OttU.
inst.
Virginia State Debt.— The Second Auditor of Virginia
.3
l>*c.
22 to Jan. 22
•ec.
Do<-.
l>.r.
23 to Jan.
3
2
21 to Jan.
10 Jan.
Dee. 2-.* to Jan.
Dec. •J2 to Jao.
H
2
2
3
Klloecllaneoas.
Brooklyn Trust Ctaupany
Wells,
KaigoACo.
!•
xprees
Sattlitiig
aad
Jan.
Dec 22
to Jan.
I to
Jan.
3
10
Ifluattclal.
UARVBY FISK &
28
3
lt>^iin.
80M8,
B.VNKER9,
XAtBAV STREET. NEW TORE.
:
ACCOU5T8
of
BANKS, BANKERS, CORPORATtOSB,
and Individuals received subject
balances.
Oiu' business in
tills
to
department
demand draft
hi
Merchanle-
Interest allowed
steadily laereaalng.
am
Many taavlas
funds awaiting investment find it a convenlenee to let them Ue with a»
drawing interest while deoiding upon whataeenilUw to bay.
WM.
EDWARD
WALTER BTANTOS
COFFIN.
COFFIN
& STAMTOIV,
BANKBBN,
11
WALL STRKKT, RBW VOBK,
NEQOTIATB
State, nianlclpal, Ballread,
Water aad Caa
ia.
MONEY ADVANCED ON MARKBTABLB aBOOMTm.
THE CHRONICLE.
848
Continental
"ght gankjers' ^KZttU.
WAIili STREET, FKIDAY, Dec. itS, 1887-5 P. M.
The Money Market and Financial Situation.— We have
had another week of very dull business, and it is evident tha
is
the usual disinclination to operate just at the close of
5 33|@5 24f and 5 21}(^
94J@95 and 9.5f@95 7-16; guilders, 40®
40 i and 40J@40|.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannah, buying
J discount; selling i discount@par; Charleston, buying ^@
;
bank, par;
;
New
selling par;
3-16 discount;
discount
Orleans,
St. Louis, par;
commercial, $1 35
Chicago,
as
neither
party
is
as to other matters
must
it
unit on the tariff question; while
seems almost inevitable that legislation
a
result in a reduction of
sibly in measures to distribute
some shape and posthe surplus.
Our Congressmen
taxes in
Coins.
money in
instincts
perhaps,
favor of any bill that will cause tight
$4 84 ®$4 87
3 85 •» 3 90
XXEeiclimarks.. 4 74 ® 4 77
X Guilders
3 96 ® 4 00
span'h Doubloons. 15 55 ®15 70
Mex. Doubloons.. 15 55 ®15 65
the year of a Presidential election.
Their financial
on this question may be trusted with more certainty,
than on any other single point in the whole field
of political economy.
The way in which gross earnings are keeping up in December confirms our predictions that the year 1887 would turn out
to be one of very large gross earnings, though on the other
hand the
many
exhibits of
net are not
Five francs
For commission houses the present December is one of the
worst known, but for customers it is a better month than
December, 1886, when there was so much activity resulting
par.
5 21 14 95 2058
40:i|u»40i4
95>a»9558
— 99%® —
—93 ® —
— 76 -a —
— 75 ©
95
77
® — 75
» 4 85
®
— 99%® 100
—
74
U. S.sUverdoUars
continues on
— The business
a very
in
Gtovernraent secu-
most of the
bonds now outstanding are held for investment or by the
banks to secure circulation or deposits, few are transferred in
the market. Prices for the 4s and 4is have ruled strong and
rities
the latter are a
The
little
restricted
scale; as
higher than a week ago.
closing prices at the N. Y. Board have been as follows:
1
4>flS,
Inlereiii Dee.
yeriods', 17.
Dee.
Dee.
19.
20.
Dee.
21.
.-Mar. n075e •10758 -l07-'e •lOS
•10778 108
.-Mar. *107lie 108
*125 *125>4 12538
.-Jan. *l-25
*126
12618 *126i4 •12614
1891
4i«e, 1891
4s, 1907
48, 1907
68, cm-'oy,'95..
Os, our'oy,'96..
68, cur'cy, '97..
6s, cur'cy, '98
6s, cur'cy, '99..
•119 *119
*121Hi •1211s
•1231s 'l-i3ifl
*125>« "12513
•119
*121is
*123is
*125ia
.*127>fl *127'^! •I27I2
.
Dee.
22.
Dee.
23.
•108
'lOSis
109 -1081s
•125 '41*125
•126>4J*126
•119
'119
*119
*121is *12li3i*121
1231s *123isl*123
•125 13 •125isl*125
•12719 •127ia'*127
from the famous money squeeze, which was such a profitable
• This ia the price bid at the morning board
no sale was made.
operation for the distinguished gentlemen who engineered it.
The open market rates for call loans during tne week on
State bonds have not been
State, and Bailroad Bonds.
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
paper is quoted at 5J@6i percent.
merits special notice.
The Bank of England weekly statement on Thursday showed
Railroad bonds have been dull, in symjiathy with the
a loss in specie of £77,000, and the percentage of reserve to extreme dulness of the stock market, though the business in
liabilities was 44-92, against 46-16 last week; the discount bonds has been relatively more active than in stocks.
No sperate remains unchanged at 4 per cent. The Bank of France lost cial movement of prices has taken place, and the changes for
3,900,000 francs in gold and gained 1,150,000 francs in silver. the week, in most cases, are unimportant.
The prevailing
The New 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 $l,73l,300i for investment, and the speculative trading is on a small scale.
;
—
the total surplus being $7,928,400, against 16,207,300 the
previous week.
—
Railroad and Miscellaneous Stocks. The stock market
during the past week 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 -svith the two preceding years in the year. There has been no interest whatever exhibited in the
averages of the New York Clearing House banks
market outside of the operations of a few "room traders,"
whose dealings have made up the entire total of each day's
1887.
Dec. 17.
Diffr'nea ft'm
Prev. Week.
1886.
Dec. 18.
Loans and dlsc'ts. 350.201,200 Dec,l!.682,400 348.693.700
Bpeeie
circulation
Net deposits
Legal tenders
X^gal reserve
Reserve held
Snrplas.
69.08:i.{iOO Ino
8,030,000 luc.
business.
1885.
Dec. 10.
724,000 74.386,000 92.818,100
800
7,914,1001 10,005,700
138,800 353,701.600 377,50-^,000
20.730,500 luo. 902,500 18,062,600 28,305,200
87,891,700 Dec.
34J00 88,440,400 94.375.500
95,820,100 In 1.1,680,500 92,448,600 121,123,300
3.51 ,,''.00.800
.
Dec,
7,928,400 Ino. 1,721, 2001
4.008,200
Naturally, in such a market the fluctuations have
been very slight and mostly unimportant.
337,.".74,300
26,747,800
stocks have
advanced Ic. to 4 83i and 4 87.
To-day the rates on actual business were
as follows, viz
Bankers' 60 days' sterling, 4 82}@4
83; demand, 4 86J@4 86 J.
Cables, 4 86l@4 87.
Commercial bills were 4
•
81i®4
81i;
generally firm
On Thursday
shown weakness.
a
little
more ac-
but in a time of ordinary activity this
day's business would have been considered very small.
Reading W.1S the feature, declining IJ on a revival of the rumors of
developed,
possible trouble
was recovered
Excliangre.— Sterling exchange has been active part of
the
time during the past week, the demand from
bankers having
been quite brisk, chiefly for remittances in
connection with
January interest disbursements. In addition to
this there has
been a scarcity of commercial bills, and
these facts have
aused a very strong tone to prevail in rates.
Actual rates
have been steadily working up, and posted
rates have been
A
undertone, however, has prevailed, though on occasions special
tivity
,
I
demonetized.
United States Bonds.
cases
operating expenses.
4 87
English silver
4 77
U. 8. trade dollars'*— 75
par
— 99ifl®
ins.
Mexican dollars..
Do uncommero'l
Peruvian sols
& Hprem
— 96%® 9734
Fine gold bars
Fine silver bars...
Dimes <fe ijj dimes.
always so satisfactory, in
by reason of the fact that liberal expenditures are
being made for renewals and betterments and charged to
and
Silver ^48
Napoleons
Now
Demand.
—The folio-wing are quotations ingold for v anous corns
Sovereigns
*
will scarcely vote in
discount.
60c.
The rates of leading bankers are as follows
he year.
in
improvement
gradual
anticipate
a
There are many who
December 23.
Sixty Days.
activity after the January disbursements have been made, and
Prime bankers' sterling biUs on London.
4 S3'3
railthey support their views by pointing to the fact that the
Prime commercial
4 82 »4 82^4
Documentary cooimercial
4 S'li«34 81%
road and financial situation is remarkably good and that the Paris (francs)
5 23!lia5 23%
40 3401 18
prices of stocks and bonds are relatively low when compared Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
95 3951?
with their range in the past eighteen months.
The session of Congress brings its customary period of uncertainty to all the markets, but the probability of any extreme
tarifi legislation against manufactured goods is very remote,
XLV.
were: Francs,
bills
5 21J; reichmarks,
1^ JHvidends will be found on the preceding page.
there
[Vol.
among the
to-day.
miners, but most of this decline
Burlington
&
Quincy, on the other
hand, spurted up sharply, said to be due largely to the covering of 60-day contracts coming due at this time.
There has been
little
some foreign
it had much
news
of
consequence, and very few in-
The war
talk abroad has occasioned
but this has not been extensive, nor has
on prices.
Chicago has most of the time
fluences to affect prices.
selling,
effect
been ranged on the side of lower prices, the reduction in rates
by the Western roads having been considerably discussed,
though directly occasioning no special weakness.
To-day, Friday, the market continued dull, though the tone
was a little stronger, with Lackawanna, Reading and Union
Pacific leading the advance.
a
Dkcrmbkr
THK (JHHONICLF.
ltS87.J
8T0CK8-PR1CE8 AT
STOCKS.
Active HR. Stocks.
A PiiclHo
10>4
00>4
BS>9
74>a
3SH1
Caiiu<liau Pacltio
Canada Hotithcrn
Hew Jenej
Central of
Ctwitral raolflo
& Ohio
ChoAapoake
Do
Monday,
10>«
eo>4
5314
G0>4
bl>\
74Tg
as'g
10
•60
55\
73H 74^
35
4%
35
5
9
>4
•7
•5
8
•1
10>t
6o>9
'34
10>«l
eo>t
"10
73
34ii
'9
3»'ii
4'«>
'3>I
ft
•10
*60
112
•Jifi
74
3S>a
4>a
35% S5%|
10^
u
01, Obi.
491, p.,.*. 30
<-J0
710
SS%
74% 75
l,0'i'
84
1,2<:
84 <4
9
14
4"s'
7
7
5y Wt
ih
6
•3
1. Iiur7.
nutras
031^
55 '«
SB's'
74'9i
74
I
1M7.
WMk,
55/%'.
i
T.I-
1.
Kanirx alnrw Jan.
10>»
01%
ft5>8
•7
•4
6
6
127
127 127
74 «9 73 id 74^
127
74
OblcaKo Milwaukee &St.Paul.
BiirUniirton (IkQiuuuy.
10>«
<M»9
lOVt'
65
73 's
HINCE JAN.
l»K<;. il3. ANI»
Jr^'I'SM^lWSy'
Deo. 19.
10>4
*
8
letpref.
2(1 pret
1)0
OUoago
STOCK EXCHANfiE FUR WEEK ENDING
HIOHnr AiTD LOWm FBIOtt.
N. T.
8«tUT<UT.
Dec. 17.
Atlantic
849
>nx. 1)
Nov. II
i
7
7
5>ii
6>sl
4
M%Jaa.
Ril>4
4.-IH
ji
Apr. 11
Apr. It
n>«Jan. a
17 Jan. IS
um
pref. iio5«iio^ iiiu
Do
10(>
ICNiia 105^^ KM^n
OMoaeo A. Northwestern
Do
pref. •139
OlilcaKo Rock Island i&Pacittc. 112
CUcaKO St. Loula Pittabiir^. •12
A
Do
Ohloago
Paul Hln.
St.
Do
& Om
pref.
Do
pref.
& Oa. K'y.
Ist prof.
2d pref
Evansvllle & Terre Hante
Fort Worth & DenverCity
Qrecn Bay Winona & St. Paul.
lUinoie Central
lud. Blottiu. 1^ WeHt., ass. pd..
Kingston* Pcnilnoke
Lake Erie & Western
Do
do
pref.
Lake Shore & Mich. Southern.
Long Island
Louisville A Nashville...
Louis. New Alb. A Chicago...
Manhattan Elevated, oonsol.
MempliiH
ife
Lake Shore
Do
If tnneapolis
Do
&
West
pref
St.
Louis
pref
& Texas
Kashv.Chattanooga&St. Louis
New York CenlralA Hudson.
New
y. Chic.
Do
Do
I
,
i
ASt.L., new....
16>s
l8t pref.
2d pref.
New York Lake Erie & West'n 28ie
Do
pref. •63%
New York & New England... 36»e
New York Ontario A West
New Y^orkSusq. & Western...
pref.
_ Do
Norfolk
Do
_
& Western
Do
pref.
A WestP'ntTerniinal
pref
6738 6738
•33
28'e '28'4
37%
36
35'9
•1614
•81s
27I2
•15
2714
28
16
147,
40%
14%
40%
16i«
•Sij
9
Paul
Do
Do
Wheeling
A Lake Erie
A Iron
47
45% 40
46
46%
23^8
21I4
20% 20%
46% 46%
23% 23%.,
20'a
•19
20«B
2118
2058
20
I914
19%'
20
21
22
eS^e
22i«
55I8
6614
2258
5514
65
6638
64%
22%
53%
54
64% 66%
'"
2178 22%
54% 151% 53%
8P
36
69
2I14
53'4
85'4
34I3
6818
6514
2178
85
34
21'4
531a
•85
3514
•69
6568
2214
55
89
3514
701s
28^8
4318
35
2214
ACo
Fargo
129
70
70
70
97
•66
".
Boston
A N.
Chicago
Y. Air-Line, pref.
'"
Iowa
A Alton
618
130
Cincin. Ind. St. Louis A Chic.
Cincinnati Wash. A Baltimore.
Do
pref.
3%
•5%
„
"
88I4I
35ial
68
129
oij
132
140
76
'Sis
4
*5%
6
22
A Texas Central .
22
85
Mexican Ontral
*13's 1414
New York New Haven A Hart 215 215
OhloSouthern
"lOia 12
Oregon Short Line
•IS
17
Quicksilver Mining Co
*9
9%
•3II9
Do
33
pref..
_^
Louis Alt. A Terre Haute..
36
36
Bt. Louis Ark. A Texas
Houston
Marriuctte Hough. AOn.,pref.!^
'20
1
South Carolina
Whltebrca.stFuelCo.
Columbus A IlockingCoal....
Tennessee Coal A Iron
Various Stonks, ice. (Unl
Amer. Cotton Oil Trust
Pipe Line Certiflcatea
88I4
84
68
132
70>9
97
6%
137
7618
4'4
6's
26
84
•lO's
•58
100
25
5514:
151s
4358
35
73
21%
22% 22%
I
33 75
620 30
i
112
61
100
I
12
36%
96
84%May3«
Oct 13120
Jane S
June 90
8epU21i 6361 Apr. 18
71% 71%
35
06
Jan. 17
44% May 28
35
600 30
1.725 67
88
35
98
141
95
1U%May3S
May 27
May 2S
Hay IS
May •
May IS
Sept 20 53% May
Sept. 20 89
May
96% Sept. 31 106% Not.
34 Aug.26 54% May
79% Oct. 13 106% May
32% Sept. 21. 68% Apr.
310 80% Sept. 20115 Feb.
622 136 Nov.
169% May
2,357
1,000
1.065
2,42u
80% 8U%! 89% 89%
35% 35% 35% 35%
07
07
07% 07%
I
7
SS
10
17
17
23%
35% 36 !•
35%
72
72% 72% 74
102% 102% 102% 102% 10268 10278 10278 103
•45 la 46
45
-44% 45%;
45
88
35
•05
139
855^ Apr.
Oct. 14 95
Aug. 2
Oct. 17 1207,
Feb. 3 36%
Oct. IT; 63%
Feb.
1
22%
Feb.
l! 38%
100;
3.625,
800;
25%;
56%|
Oct. 18
Jan. 27
2
75 107
55
55 90
500 94%
25% 4,4151 20
57% 59.835 44
16
700, 13%
114
61
102
107
15% 1558
27% 28%
43% 43%
56
2478
13
61% Feb.
1.215,
25%
55%
56
15% 15% '15%
27% 2878 27% 28%
43% 4378 43% 43%
25
55
Oct.
3,150
34% 34%!
69% 71%I
112
61
102
16
17% Sept. 21 30% May
Fe1t>.
1
71%NoT.
22
22%| 44,460 20% 8«pt. 21 53 Jan.
52% 52% 2,700 43 Sept. 20 87% Jan.
'•1
10.'.
25%
28,340,
225,180' 34
80
14
14
19
10
2S
SI
10
7
8
1
140
105
•66
I
'129
68
981s
•5
135
•75
314
•5%
•20
145
107
68
132
140
105
68
129
3I4
6's
28
85
132
3%
•5%
14
143
143
67
131
67
131
70% 70%
97
137
3%
6%
20
"5
00
6
131
•75
137
78
^3%
27
83%
83%/*
.—-1
.-.
I
6
^20
4%
6
26
84
215
160 105
124 63
95 120
•67% 70
130 131%
70 Oet 14 74% Not. 18
60 07 Deo. IS 103 Feb. 14
100
4 An«. 33 16% Jan. 10
6 130 Oct. 27 165 May 16
300 66 Aac.31 104 Feb. 10
844
3 8e^l9
7 Jan. 13
100
4% Sspt. 19 10% Jan. 14
35 SO oet 81 45 Jan. S
380 83 Bept-SS 100% May 37
ll%Oet. 30
41308 FM>. IB 3^
2001 10% Oct. 17 33 May 17
12 Nor. 10 81 Jan. 9
700
4% Oct. 13> 12 Deo. •
100 33 Oct. 13 35 May 14
460 30 Jan. 8' 46% Jon* •
200 10 Sept. 16; 25 Feb. IS
7 Mpl.16 17 Jan. 7
400, 85% Not. 14 88%lDec. 30
8,400 83 Oct. 10 SO Apr. 97
800. 31% Sept. 10 54% Jan. 14
128
•6
130
75
•3
•6%
•70
6
137
77
8%
6%
85
•13% 137, .jg^ ^^^ '13% 14
214
314 320
390
"10% 12
10% 10% •10% 12
lO's 10%
•13% 13%
5 130% Jan. 41153 Aog. K
Deo. 14118% May 14
Feb. 17 76 Aoff. 81
Jane 6
Sept. 80 137
I
105% 105% 106% 107
70
100
70
98>8
6
135
78
140
145
108
68
133
'214
^-^
!
1
•9
•32
•35
10
35
38
'8
11
27
26% 28
27%
27
29%
2914
29%
78% 79%! 79%
8178
Isted.)
2914
112
46% 46%
2078
•85
89
35
105%
35
215
88I4
26% 28
27
'08
•100
35
30
8
3
16
18
6,390 41%Oot. 18 63% Mi^ 10
400, 21
Oct. 17, 32% Apr. 4
6468 66
68% 69
17
13
23
j
145
j
t
60
35
69
114
61
102
18
23
140% 140% 140% 141
140% 140%'
23
7C78 77%' 77% 78
42,120 67%June24, 817, N07. 17
;75% 77% 76% 77
1051s 105 18
618
114i8| 114
103
435g
•71
6578
2258
•85
*33is
69i«'
6814
21%l
22%{
i
I
88
35
140
105
Inactive Stocks.
American Tel. A Cable Co
Central
4358
2214
86
3478
28% "27% 28%
•34
351a
71
71%
10218 103
145
107
68
132
'140
,.
United States
Wells,
3558
2838
4358
I4OI3 1401s •I39I8 141
V7I4 77I9
77
77%
Express Slocks.
28
28
14% 14% •14% 16
40>9 40%
41
41%
23 '8
3538
American
8%
46
OonsoUdated Gas Co
71'4
Delaware A Hudson Can^.
103 103
Oregon ImprovLiuent Co ...
4414 46
Oregon Hallway A Nav. Co... xan>i 881s
Adams
28
17
8%
20"b
34^8
71>4
Western Union Telegraph
17
23
4318
Phllanelimla Co., Nat. Gas.. I!
Pulliuan Palace Car Co
36% 37%
2012
mscellaueouii Stocksl
Paciflc Mail
28
28% 28%
8%
'«'« D«^ 12' 20% Nov.
nJ^ 647g
Dec. 13: 77 Nov.
'^JS
34
30%
Dec. 14 42 Nov.
JO
28% 28%' 10,691 21% Oct. 141 35% Apr.
.....-! 60
Oct. 13 70
May
36% 37% 20,905 34% Oct. 17. 66 Mar.
•16% 17
137, 1468 Oct. 13 20% Jan.
8% 8%
360|
7% Sept. 20 14 Feb.
1,00* 24%8ci.t.21 38% Feb.
28% 29
'14% 16
800 13 Oct. 17 23)^Jan.
41
2,465 34% Oct. 15; 537g May
41
22% 22%
700, 20 Oct. 121 346»JnIy
2^^ JS^
'^^
!SS,
•32%
40
28%
Colorado Coal
•1638
838
28I4
641s
365s
17
•16%....
68
34
67
33
4013
2214
pref
pref
28ifl
I714
68
34
2214
pref
68%
II4I3
1st prel •112
A Duluth
•1618
6718
•32
"63
36>4
3618
1"
9
28
1618
112
'57
•58
62
lOlialom 100
102 102
Bt. Paul Mlnueap. A Manitoba 106
106
1051s 1051s 105%
Texas A Pacitic, ass. paid.
25 '4
24% 25% 24%
25
Union Paelflc
55>4 56
5558 56I4
54%
Wab. Bt. L. A P.,P. Com. repts
•1514 15%
I519
151a 1558
Bt.
16>s
67 's 671a
33
33
27% 28
23
46 ^s
23
*22ie
45^6
Borne Watertown A Ogdeusb'g
St. IjouIs a San Francisco
Do
Do
16
40% 40%
pref.
Ohio A Mississippi
Oregon (STrans-Contlnental..
Peona Decatur A Evansvllle.
Philadelphia A Reading
Do
28I4
64's
37»8
'15
Northern Paelflc.
Blclmi'd
M6
I
&
Missouri Kansas
Missouri Pacitic
Mobile A Ohio
I
I
Charleston
Ululilgan t'ontnil
kill.
!
i
Delaware J.ackawauua iWest
Denver & Hio U.,aH8es8m't pd
Do
Do
U2
"13
14>a
'13
14>«
13
13'4 ^13
......
14
..-, ,,..,,1. 'jl 22
*36
Apr. 33
39
'.'16
38
36)« 36>8f '30
37
38°g 381^; 38 >4 38^8
o JUJJl 8* '»''• 87 52 >• Apr. 33
38'a 38%' 38>* 38%
39
30
3914
89I4I
Oct. 17 511* MAy 17
107i«
*''.S2 34
106>a IOC's -loe
•106 107
106>8 108 "lOe 107
^00 100 Oct 17 118>«Jnn« 7
•51
53
•50I9 52
51>e Si's •50
53
ni>8 Si's
51>i 5l>i
AH Apr. 11
•23
24
22
22
22% 24
24(« 241*
24% 2579' 25>9 26%
'" "»P«.19 30% Jan. 11
127'fll
lac's
127'8
126'fl
125'8 1261J 126'« 126''8 126'tl27'4l 126%128'« oS'Sfn
92,310 .....,,,, 1411391, jn„„ j
21's 21>3
21
21
21>g 2II1 •2114 22
*'
21'9 21'8
14 32% Apr. 14
54
•.•>3
54
•53
*63
54
14 68%Jon« 4
lOig lO^a
10
•10
iJ.
10
lOij
10
10
10
10
10
10
«o'
...,,„ I. 171 17
Jan. S
•60
•60
62
60
•r,9
60
61
«2'8 62>8' 59
117 ss! i<ept.2l! 82% Jan. IS
59
22 23 •ai'i 6'2't
21_
221a •21>s 22's
22 >s 22'9 J2'sl -21 's 22'8
6 18 Oct. 17| 82 Jan. S
"88
•89
91
OO's! -89
8078 897,1
90>s 88
100 80 Bent. 20 100 Apr. »
90'8i
44
4414
4414 44'3
44% 44%! 44I4 4414 44'8 44'«
4414 4d>4
1,400; 21% Feb. 4 63%Mik]r
7
Sh 8's 'SH 9
8% 8%l •SI* 9
S'sl
8><
8>s
H>a
«}0
7% Sept. 21! 17 aS. 7
117 117
118
lis
118 118
118% 119
118
120
118 118%,'
114
Oct. 18 138
May
28
•I2I2 14
§1?
'13
15
13% 13% •13
14
I418 14>s
13% 13%
220| 12 Sept 20 27% Apr. I
*28i4
•28'4
'28'4
•as"*
•28'4 ....
28% 28%
200 28% Deo. 23, 4T'«Apr. 21
14% 45
*14i(i
18'>i
i4Te 14^8 •14>9 15
14's 145g
14%
15
834
13 B«pl.20i 24% May 16
*44i2 45'9 44
•44>4 45
45
45
•44% 45%
45
94?^ 9bi«
94% 95
9438 9458
9458 94^8
7g 05 14
94
947g06%.io.|r8SJ:r4i§^%j"J'„'iiS
8&I4 8914 *88
•88
90
90
89'g SO'g •88 >8 00
BO39 fiOSs
59% GO'S 59 's 6U
5978 60<%
6OI9 61'4
3.'>
•37
BO'S BO'S •SS
42
42
35 42 |58|?%!i5.gl5.,?^f?gfo^?p7.1J
44
•35
100 30% Sept. 30 87% Jane 11
43
•95»4 9B
93
96
OS's OS's
94
96>4
96 '« 95
95
06
2.0«*i 92% Deo. 13 101 7, Apr. 30
51
51
51
511a 52
61
990, 46
Oct 19 64% Apr. 6
•86
87'4 87'4
88
86'4
86% 86%
80 Aug. 1 95% May 19
•82
83
83
85
84
84
85
85
220 66% Jan. 8 94% May 18
104''8 10478 104
100 105
105
103% 104% 104 104
450 08 Jan. 4,110 May 18
'8
*S^ 10
9'a
•8'a
9ht
7% 8% !?*
6% ,S?:
6%
6% Dec. 23; 20% Apr. 3
SSSi
•18
•18
•18
21
21
•18
20
20
18
19
}l, JIM ,o§?2 17 Dec. 23 48%Mky3l
17 14 17T8
I714 18
1758 19
18
1778 18%
18>s
ISiaDeo10 34% Apr. »
lllSi
if^ '2'7iSl
8714 87%
8714 8758
8658 87
87'4 8718
87% 88
8758 88%,
7,170 8*% Nov. 1;112 May 10
•9
•9
•9
•9
10
10
•9
10
10
10
Dec
OH
13 19% Jan. 8
^S
iS
-i;.-/.'
•77
•76
•76
78
78
78
77
77
77
600, 68% Dot. 14 88% Jan.
77
8
108 "i 108% 108 10818 108'4 10814 ion's 1O8I4 108% 108% 108% 10858
1,951! 101% Oct. 14 11458 May 19
39
,
.
OlevelandOol.Cln.&Tnrtlauap.
Oolumlms HorkluK Val.ATol.
East Tennessee Va.
!
140
112
la's
*37«4
prof
*139
140
112
•0
32
•35
10
34
38
•12% 13%
•8
•0
10
•31% 83%
36
86
13
13
•8
11
88% 88%
27% 27%
27% 27%
28% 29
80% 82%
0% 0%
33% 38%
38% 88%
27%
•27
377g
38
28% 38ltt
80% a\H
These are the prices bid and asked; no sale waa made at the Board.
t
9%
•33
•37
9%
34
39
12% 12%
11
;
88% 88%
27% 38% 26% 38
28
28% •37% 88%
28% 38%
80% 81%
38% 90
807,
4.150;
33%
839^ /6nx»ooO' 64
Kx-dlrldead and prirtteae.
:
Oet. 11
Joly 38
64%J«a. *
83%D*o. SO
Lower prto* la aX'^lTtdaod.
THE CHRONICLF.
850
BONDS-LATEST PUICES OF ACTiyE BONDS AT
Range since Jan.
Closing.
Railroad Bonds.
N. t.
Dec. 16 Dec. 23
STOCK EXCBANBE. AND RkSdE SINCE JAN.
Range
Closing.
1.
1S37.
1,
since Jan.
^.
Railroad Bonds.
Dee. IGiftcc.
Highest.
Latoesl.
XLV
fVoL.
23
Highest.
Lowest.
Lk.Sh. & W.— 1st, 68. 1921. 121
Michigan Dlv.— l8t, 6s. 1924.. 115
Minn. & St. L.— let, 7s, 1927....
Imp. &. Equip.— 68, 1922
26I4
23I2 Oct.
38% June
A Pac— W. D. Inc., 6a, 1910 25381). 81'sb 80% Sept.
90 Jan.
Guar., 48, 1937
i'-ViKa
Juno
107
Sept. 109
104
lOG>a
190B
58,
guar..
Can. Bouth.— l8t
95i« Jan.
b.
91
87
Sept.
s-1
12
•
2d, .^s, 1913
75 b. 80 Auf,'. 94 May
b
76
0°
coi'P;
'99,
7s.
Oen. lowa^lst,
lOUHb. 10714b. IO4I2 Aug 110 Jan.
Central of N. J.-lst, 78, 1890
June
lll»«b. 112 b. 1071* Jan. 119
Coneol. 7b, 1899. assent
lJl>3b. 112 b. 109 Jan. 118% June
Conveit. 78, 1902, assent
IO5I4 Jan. 1081s June
19(i3..
Adjust. 78,
16 Nov.
113 b. 1312b. S3'8 Jan.
Convert, dfh. 68, 1908
lUOia
95 Sept. 101 Dec.
101
General nn.rr.. f 8, 1987....
b.
Feb.
111
116
110^3
109
Sept.
Leii, & \V.B.,con.7s, 1909,a8'nt
b. 10312b. 99
Jan. 106 13 May
Am. Dock * Imp., .'is, 1821. . 103
116!^
Mar.
II3I9
b.
Feb.
118%
Central Facitlc— sold 68. 1898. 116
115
UliaFeb. 116 June
'
Ban Joa<inln Br. (is, 1900
?.ti
Mar.
105
July
100
101-4.
Land uranttjs. 18iiO.. ........
10718 Nov. 115 June
'98 107 b.
Clies. & O.— Pur. ni. fund 68,
68 l 66 Si-pt. 81 Jan.
6e, gold, ser. B,1908, coup. oB
75 14 Jan.
62 0(t.
b. 09
68
1986
48,
£xten. coup.,
32 Jan.
14 Nov.
£4
24''e
6«, cnrvenoy, 1918
Feb.
Dec.
100
90
88
Mort. 68. 1911
v.;;-,-—
a.
105
Feb.
101
IdS'sb.
1081a June
Clie8.0. &80. W.-5-b8, 1911 ...
10112b. 101
Mar.
Oct.
lot's
1071a
1926.
.Ss,
Nor.-lst,
ChlcBur. &
103 b. 103>2b. 102% Nov. 108 la Apr.
Chic. Burl. & Q.— Dfb. Ss, 1913. 9a=i4a. 93 14
99
Jan.
Oct.
92
....
1922.
48,
DivlB.,
Denver
97 %b
94 Sept. IO3I2 June
Chic, & Ind. t'oal K., Ist. 58, 36
o. 117
12Jia Jan.
b. 118
117
Oct.
St.P-l8t,I.&M.7s,'97
Ch.MU.A125Jab. 12Ci4b. 124 Nov. 130% June
Coneol.78. 1905..............
Ill b. 113 b IIII4 Oct. 1191s June
1st, So. Mln. Div.— 6s,1910....
10314b. 102
'21
Deo. 109 Jan.
iBt, Cbl. & Pac.W.DlT-58,
101 b. 101 i£b. 100 Oct, 108 May
1921....
l>iv.-58,
&Min.
Wis.
lOliflb.
101 Oct. 105% May
Terminal 58, 1914
b 139
136 Nov. 142 Jan.
Chic. & N. W.— Consol. 78, 1915 138
12512^.
125»2b.
1241a Dec. 133 Jan.
Gold, 78,1902
120
b. 117
May 1201a Sept.
1929.
..
6s,
fund
BlnklnK
108
1051a Nov. llOiaMar.
Binding fuiui 5s, 1929...
b,, 107''8b. 106
11014 Mar.
107
Nov.
1933
58,
debent.
fund
Sinking
'
~
b. 102 12 Nov. IO9I4 Apr.
10314b. 103
26-jear debeut. 58, 1909
134
b. 128% Sept. 135
b.
Jan.
133
1917
coup.
6b,
&Pac.—
Chl.K. I.
IO9I2
lO^ia
107 July llOia Feb.
Exten. & tol. 5b, 1934
117%
'30
12478
May
117
118
Sept.
C0U80I.
68.
O.—
Cb. 8t.P..M.&
Oct. 1271a J"U.
let, 6a, 1919 121!^b. 121 b. 122
Bt. Paul & S.
b.
b. 100
Feb.
100
Jan.
102
98%
l8t,con..'i8,'32
Pitts.—
Oh.Bt.L.4
109
1041a Oct. Ill la May
C. C. C. & Ind.— Gen. 68, 1934 . lOS^a
OSiifl
s)7»»b.
Oct.
104%
June
95
6s,
1900.
l8t,
Iron—
Col. Coal &
7II2
60 Sept. 88'8 Jan.
Col. H. Val. & Tol.— Con. 58, '31
721a
6312 Oct.
91 Jan.
Gen. gold, 68, 1904
I>enver& BioGr.-let,78, 1900 78i4b. ll8»sb. 1181a Feb. 1211a June
7o58b.
7514
Oct.
82% June
1936
lstcon.4fl,
73 b. 73 b. 70 Sept. 82 Apr.
©en. & R. Gr. W.- 1st, 68,1911
6b%b
68
64
Sept.
78 Jan.
Assented
68 Apr.
86% June
Den. So. Ph. & Pac— lat, 7s, '05 75 b.
33isb.
35
29
Sept.
56 May
Ld.gr.3>s8,1911
Pet.Mac.&M.—
91i« Sept. 10138 Apr.
9513
e.Ten.V.& G. Ry.— Con. ,5b, '56 95 12
a.
961a
97
95
Sept.
108
Jan.
6a,
1902.
Saudj—
Ellz. Lex. & B.
Erie- 1st. consol. gold, 7b, 1920 133iab. I3512 129 Bei.t. 137 June
110
b.
lOOHb.
Dec.
110
115
Mar.
1893
....
7e,
Long Dock,
117
117
115 Jan. 120 Mar.
Con. 68,1935
07
961*
104^8
Feb.
May
1969
93%
2dcon.68,
K.Y.L.E.&W—
84% Oct. 95 14 May
Fundtd coupon, 5s, 1969. ..
7931
76 Dec. 9812 M.iy
Ft. W. A Deuv. C. -iBt, Os, 1921 80
Dec. 109% Nov.
ilal.Har.<fe San. Ant.— Ibt, 68, '10 104 lab. 105 b. 102
10512a,
b.
104
105
June 111 Jan.
2dM.,7e,1905
9114 Oct. 100 Is Jan.
West. DivlHion— let, 58, 1931.
92ie Jan.
9214 Feb.
2d, 68, 1931
Br'DB. W. <Si St.P.— l8t,68, 1911 100 b. 99 b. 97 Oct. 109 May
a.ll20 b. 1171a Nov. 123
b.llfi b. 114 Jan. 121
128i2a. 110 Aug. 133
50
50 Deo.
90
73%
6Sia D.-C. 10213
Mo K.&Tex.—Con., 6s, 1920... 74
6378
63
60 Dec
80%
Consol., ,58, 1920
10614
1051a
103 Nov. 1131a
Consol., 78. 1904-5-6
Mil.
Atl.
Mobile & Ohio— New, 68, 1927
Ist, Extension, 68, 1927
latpref. debentures, 7s
Mutual Un. Tele.— 8. f., 68, 1911
Nash. Ch. & St. L.— 1st, 78, 1913
N.Y. Central— Extend., 58. 1893
N.Y.C.&H.-lst, ep., 78,1903
Debenture, 5s, 1904
.
N.Y.&Har.— Ist,
7s,
lOj
b.
42
b.
107
b.
I3f.78
b.
1900
N.Y.Cliio.&St.L.— lst,68, 1921..
2d mort., 6s, 1923
N.Y. City &No.— Gen., 6s, 1910
N.Y. Elevated— 1st. 78, 1906.... llS^a
N. Y. Lack. & W.— Ist, 68, 1921. 12ci
Oct.
b.
8 2 '8
104 14
U'8
May
40
Dec
114
May
Jan,
Jan,
Apr.
Apr.
Jan.
Apr.
Bept,
108
60I2 Mar.
89 Mar,
321a Dec.
12Miab. 125 Sept. 131
Apr.
10376
103 Aug. 10714 Apr
136% 1301a Sept. 1371a Nov.
108%b. 106 Mar. no's June.
1271a Oct. 1331a Apr.
85 Jan. 101 Hi May
70 Jan.
99 May
43
8212
129
b 105
104
Oct.
58 Sept. 80 Apr^
ll8ieb. 1167eSept. 123
Jan.
12nl3b 12479 Oct. 128=8 Deo,;,
107 I 107 b 106 Sept. 110 Jan.
108 t 108 b. 106 Kept. 11058 Feb.
69 Feb.
77 Apr„.
91
'oi"
9618 May
87 Oct.
10;) lab. 107
111
Aug. lloiaMay
75."58b.
75%
69 12 Sept. 861^ May
117 b. 118
•I314 Sept. lisia Apr>
lOO^eb luliab 90 14 Oct. IO712 Mar.
.
Construction, 59, 1923
N. Y. Ont. AW.- Ist. 69. 1914..
N.Y.Sus.&W.— Deb.,6s,'97,op.ofl
Ist refunain?, 5s, 1937.
Midland of N. J.— Isf, 68. 1910
N. O. PiiciHo— 1st, 6s, 1920. ..
North. PaclHo-lat.ooup., 68, '21
Gen'l, 2d, coup., 1933
James R. Val. - 1 8t, 68, 1936
N. Pao.Ter.Co.— l8t, 68, 1933.
I;
May
111
1061a Jan.
105 11. 100 July 1071s JunciOhio &
1898 117 b 11712b 114 Oct. 123 Apr.
"•;
109 b. 113%
119 Jan.
2d,oon80l.,7s. 1911
1 11 la Oct.
...
IO6I2 Dec II2I3 Apr,
Springtleld Div.— 78, 1905 ... lOUia
I0ji2a.ll02
OhioSouthem- lat, 6s, 1921.
102 Feb. lllia Apr.
30i2b,
32
'.9% Dec.
2d, inc., 6s, 1921
501a May
Oregon Iinpr. Co.— Ist, 68, 1910 93 b. 04 b 89 Sept. 10279 May
llOisb.
llOHib.
108 Jan. 112 May
Ore. R.&Nav.Co.— 1st, 68,1909
97
W7 a. 90I2 D,ic. 106 Jan.
Consol., 5s, 1925
Oregon & Transoon.- 6s, 1922.. 90 b. 9112
8978 Dec. 1041a Apr.
Peo.Decfe Evans.- Ist, 6s. '20. 108 b. 11:^ a 109 Nov. 1151a Juno
102 b. 102iab. 101 Dec. 112 Feb.
Evansv. Div lat, 68. 1920.
77 Apr
Rich & All.— Ist, 7s, 1920. tr. rec ,'i7 b. 57 b. 55I4 Oct.
Rlchin. &. Dan.— Cons., 6s, 1915 112 a, 109 b. 109
Sept. 115
June'
110 a. 110 a. 106 Feb. 114 Apr.
Debenture, 68, 1927
Rooh. & Pitts.— 1st, 68, 1921... 117 b. 117 b. 114 Feb. 120 Mar,
lll%b.
Consol., 68, 1922
108 Jan. 117 Apr.
lOS b 106 Dec. 1121a May
Rome W. A Ogd.— lat, 78, 1891.
10278
1027g
Consol., extend., 58, 1922
98 Oct. 10418 Mar.97 b. 9778
92 Oct. 1081a Apr.
Bt Jo. AQd.Isl.— l8t, 6s, 1925
40 b. 40 b. 65 July 75 Apr.
2d, Income, 5s, 1925
113 Aug. 116 JuneSt. L. Alt. A T.H.— Ist, 78, 1894. 11512b, 114
110 a.
2d, M., prcf.,78, 1894
107 Sept. I12agjiine10258b. ioii>80. 103
Nov. 108 Jan.
2d., M., inc., 78, 1894
85 b. 4078
48 June,
Dividend bds, 68, 1894
33 Oct.
Bt. L. Ark. A Tex.— Ist, 68, 1936 9758b. 97 %b
951a Sept. 10238 Apr
41 b. 4134
5514 Jan..
3.5
Sept.
2d, 6s, 1936
lOSiab. 109 b. 107
Sept. 115
Jan.
8t. L. A Ir. Mt.— 1st, 7a, 1392.
108 b. lOi 1) 10878 Dec. 114i3Mar..
2d mort., 7s, 1897
92isa. 92%a
99 Jan.
Gen. Ry. A land gr., 58, 1931
891a Oct.
Sept. 11514 Jan.
St. L. A San Fr.- 6s., CI. A,1906 11212b. 112 b 109
H2iaij. 112 b. 110% Nov. 117
Apr.
68, Class B, 1906
112i2b 112 b. llOia Nov. II714 Apr.
6s, Class C, 1906
llisgo, 114%
Gen'l mort., 68, 1931
1081a Feb. 115 May
10il2l>. 102
97 la Sept. 10114 June>.
Gen'l mort., 58, 1931
July 10414 Jan.
So. Pac, Mo.— 1st, 6s, 1888... 102%b. 1027Hb. 100
30
b.
b,
112
112
31
b.
1909.
1911
28
Oct.
53
May
M.—
1st,
11018
Jan. 118 Apr.
Paul
M.
A
78,
2d Income 88,
St.
112i2 0ot. 121
II512
116
Mar..
6nlf C0I.& Ban.Fe— lst,7a, 1909 Uiiiab. 121 b. 118 Aug. 125% June
2d, 68, 1909
9612
a,
a.
117
116
97
a.
12014 May
Deo.
Juue
1923
106%
1933
U4iaSei)t.
Gold, 68,
go's
Ist cons., 68,
98 lab y9
reduced to 4128
May
Do
98 Feb.
Henderton Br.Co.— Ist. 68, 1931 108 b. lOSisb. 106ia Mar. 110 Feb.
92I3N0V. 109 May
114 b. 114 b 112 Sept. 119% May
iBt M. L. 78
Shenandoah Val.- Ist, 78, 1909 91i2b 94
E. & Tex.
ll-.iiab.
3412a. 35
108 Mar. 1191a May
32 Sept. 55 May
lBt,We8t. D., 78,1891
Gen'l mort., 68, 1921
9oiib. 95
112 b. 113 b. 113 Feb. 119% May
l8t,Waco&N.78,1903
95 Oct. 1071a .Tan,.
80. Carolina— l8t, 68, 1620
110 a. 112
63 b
80 Jan.
2d. consol. M. L. 86, 1912
94 Feb. 112 May
65 May
2d. 6s, 1931
b.
b.
65
12
13
6s,
1921
b.
13
55 Oct.
7tf% May
Sept. 2Sifl Jan.
Gen. mort,
Inc,6s. 1931
110>a 1081a Oct. 115 July
lDd.Bl. ,feW.-lst,i>ref.,7s,1900 112 b.
1191a Jan. 12414 Feb.
80. Pac, Cal.— lat, 68, 190512..
91 b.
86 Aug. 99 May
iBt, 5-6s, 1909
110 Feb. 112 Apr.
80. Pac, Ari.— 1st, 68, 1909-10..
Ti'ga. 72 a. 70 Sept.
8912 June
2d, 5-68,1909
105% Jan. 110 JuneSo. Pac, N. M.— Ist, 68, 1911. ..
'15
b.
Division6b,
1921.
88
46^8
,10
b.
Eastern
88 Sept. 9812 May
43 Sept. 661a Feb.
Tex. A Pac— Inc. A Id gr, 7s.
66I4
19 b. 19 b. I9I3 Oct.
3478 Apr.
Income, 6b, 1921
BloGrandeDiv.—6s, 1930.... 6578
58 Sept
781s Mar
b.
109
b.
1'22
b.
68,gold,'19
108
5»
72 Apr»
Int. & Gt.Nor.— 1st,
108 Nov.
M.,r.
56 Sept
Gen. mort. Aterm., 68, 1905.. 55 b.
78I3
89i2b. 89
79 b. 7714 Nov. 98 Feb.
Coupon, 6e, 1909
Jau. 100 May
ToL A. A. A N. M.— lat, 6s, 1924. 8aia
7212a. 71
Kent. Centr.— Gold 4s, 1987...
64 Jan.
78 July
Oct.
Tol. A. A. A Gr.Tr.- lat, 68, 1921 101 b. 102 b. 100
1091a JunoKnoxy. &0.— let, 68. gold, 1925 92 b. 91isb. 89I2 Oct. 100 Jan.
80 b.
70 Oct. 112 Feb.
Tol. Peor. A Wea;— Ist, 78, '17
LBkeSh.-Con.co«r.,lst,7s,1900 127 b. 129 a. 124 Aug 129 June Tol. A Ohio Cent.-lat, 58, 1935 9414b.
99% Jan.
91
Oct.
12114b. 120
Con. coup., 2d, 7s, 1903.
121
9758 JuneDeo. 1261a iMav
l8t,0s, 1916 9H!ia.
Toi.St.L. A Kan.
911a Dec
llsisb. 119 b. 1181s Dec. 125
Long Island- let, 7s, 1898
Sept.
Union Paciflc-lst, 68, 1899.... 116 b. 11614b. 111 Jau. 119% Mar.
110 b. 112 b. 110 Dec. 115 Feb.
let, consol., 58, 1931
Iu2 b. 102 b. 102 Jan. 10314
May
Land grant, 78.1887-9
'-Lou. <fc Nasb.- Consol., 78, 189S' 120 a. II913 118 Apr. 1211a Feb.
113%b. 114 b. 110 Sept. '120 Feb.
Sinking fund, Ss. 1893
». O. & Mobile— 1st, 6s, 1930. 11014b. llOiab. 105 Jan. II314 June
lO.'tiaSept. !115
May
Kan. Pacitlc— lsi,6s, 1895...
2d, 68,1930
96 b. 98 b. 90''8 Jan.
99 12 May
lOSiab. 108 lab. 1081a Sept. 1115
Mar..
l8t, 68, 1896
E. H.&N.— lst,66,1919
112 b. 112iab. 112 July 117=8 May
Denver Div.— 68, 1899
113 Nov. '11714 Apr.
General, 6s, 1930
1091a
107 Jail. 114i2May
101
101 b. 99 Nov. ;109 Apr..
1st consol, 68, 1919
Trust Bonds, 68, 1922
107 laa. 1041a Jan. 109 May
1071a
95 Oct, 110714 Jan.
Oregon .Sh. Line -1st, 6s, '22. 10012 100 12
10-40,68, 1924
100 b. 100 b 98 Jan. 103
Apr.
99 Jan.
95 Apr.
Virginia Mid.— Inc. 68. 1927...
Ix)n. N. A. & Ch.-let, 6e, 1910. 114 b. 116 a. 109
Ji.n. 115i2May
90 Apr.
76 b. 78
75 Oct.
Gen'l mort., ns, 1936
Consol., gold, ta, 1916
6OI4 May
92
91 b. 90 Sept. 99 June
49 Jan.
Wab. St.L. & Pac Gen., 6s, '20 48 b, 4.J
Mem. & Cb'lston— 68,gold, 1924
100 Aug. 107 May
9-14
99
89 Feb. 104 14 May
Chicago Divison— 58, 1910
Metro. Klevated.— l8t,66, 1908. 119 8. 117
113 Sept. Izu^ May
90 b 85
Aug. 97 May
Wabaeh— Mortgage, 78, 1909
82
2d, 6s, 1899
105
105
104 Dec. 113 Apr.
110 Nov. 117i4May
Tol. A Wab.— Ist, ext.. 7s, '90 110 b. 111
Mexican Cent.— New ass. 48
51
Feb.
75% June
109 b. UO
lat, St. L. Div.. 7a, 1889.
106 Jan. 116 May
Incomes, 38, 1911
22 a. 191a Sc|it. '^7% June
90 b. 85
90 Dec. 108 May
2d, extended. 7s, 1893..
Mich. Ceutral—l6t, con., '78, '01 liSiab,
124 Nov. 131 Apr.
99 May
87 b.
80 Oct.
Con.,conv., 78, 1907
MiBs'riPae.-lst, cons., 6s,1920 10:) la
lioiab. 109
Doc. 119 Apr.
no
109 Jan. 11714 May
Great West.— Ist, 78, 1888
8d,7s. 1906
115 b. 115 b. 115 Nov. 126 Apr.
May
90
91
2d, 78. 1893
931a Nov. 107
Pac. otMo.— Ist, 6s, 1888
102i8b. 102'8b. IOOI4 Aug. 105
Jan.
111
St.L.K.C. AN.— R.eAr.,78,'95. 112
109 Mur. ,11414 July
2dmort.,78. IHHl
llOtiiftb I05I2 July llOia .luiie
Il<il%
10178
97 Sept. 10438 Juner
West Shore— Guar.. 4s
HOTB— The letter " b" indicates price Ind, and " a" prioe asked; all ochar prtoea and Cue rangii are from aocual galea.
Miss.— Consol., 78,
I
—
C—
.
i
.
I
lom
C—
.
C—
•
.
1
1
1
1
1
;
'
STATR BONDS.
SECURITIES.
A abama— Class A
Class B, 5s
Class C, 4s
6s, 10-20
8 to 5
I
1906' 108
1906| 110
1906
1900
Aikunnas— 68, funded. .1899-1900
78, Little Rock A Fort Smith, iss.
78, Memphis A Little Rock, isa..
7s, Arkansas Cential RK
Gforgla- 7s, gold
1890
li ,ui8lana— 7s, cons
1914
Btanijied, 4s
7p..
<»*..VilgftTi
Bid.
100
105
16
Bid.
due 1889 or 1890
1081a Missouri—68
Asylum or University, due 1892
105
108
20
25
25
15
103
100
01i«
1890
SECURITIES.
Ask.
Funding
New York—6s,
6s,
loan
North Carolina— 6s, old
Funding act
New
bonds, J.
Chatham
91%
1894-1895
1892
1893
loan
RR
1900
1892-1898
AJ
Bpecial tax. Class 1
Consolidated 48
6s
JAJ
:
SECURITIES.
Ask
104
109
110
115
118
35
10
12
9
12
1910 r4i2 95
1919 118 122
Bid.
Ask..
Rhode Island— 6s, oou.. 1893-1894 115
South Carolina
Brown
—Gs, nou-lund.1888
5
J893 108
1892-1898
60
Comprouiise, 3-4-5-68
1912 70
1913 100
New settlement— 6s
1913
58
1913 72
38
48
Virginia— 6s, old
6s, cOQfolidated bonds
60
6s, consolidated, 2d series
8%
6a, defened, truat rec
couHolidaled 6s
Tennessee— 6s, old
62>ar|
74
99i»l
73>asl
10.
Dbokmbkb
THE CHRONICLE.
24, 1887.1
861
BONDS-STOCK EXCIUNQE QUOTATIONS ON raiDAT OF INAOTITI BAILtOAD
BECURITiea
Bid.
Aak.
Rallroiid Bunds.
(SInck
Atoll. Tup.
Errhmwe I'rirrt.)
A Siiii. Ke—!>«»... 1020
BlnktnK fund,
(ta
l«t,
123
& W.— Deh. «(i...ini3
Bnioklyiii.lev.-l8t, G.,
2(1, 3-.-1S
e»...10'.'-l
t91."i
Burl. Ce. Rh|i. ti No.— lit, 58. 1U06
Consol. .V col. tr, 68
1934
98
&
lowaC.
Ist.'Ss
Bnff.
105<k
84',
95"
Slh.78
.
Trust rortlfliatea
General 6s
Trust cortlfloates
rUlnols Division— l8t«8
1912
Cons. »jokl boiidrt
Cent. RR. <t BankiuK Co., Ga.
Collateral koIJ, 5«
.1937
Chee. &. O.— K8, (cold, ler. A. .190S
Ches. O. & 80. Wc8t.— 2d 6s.. .1011
Olitcneo
& Alton— Ist,
110
98
40
1924
Cen.rwa— Kast'nDIv.,l8t,68 1912
78. ... .18i»ai
.1903'
Binldnc fund. 68.
•56
4i
9S38 100
98
ii5
123^ 125
&
2d78
,
Mies. K. BridKC— l8l, s.f. 68 .1912- lueis
Chic. B«rlli.>;. & Q.-Cous. 7i .1903! 1311s 132
6b, sinking fund
.19011
Iowa Div. - Sink, fund, 58 .1919
SUiklUf,'
.1919
fund, 48
Plain, 4b
95 i^
.191!]!
Nebraska Exiensl'n 48..., .l'-27l "Ji"
& Xo.-Deb. 6b... .1896
Chi. E. Isl. .St Pac.—Cs, coup. 1917 i's'i'
130
Registered
Ext. &Col.. 38
1934 109
96
Clilc. Burl.
109 "a
Rpgisttred
Des Moines & Fort D.— l8t,4s 1905
l8t.2»9a
1905
83
Ist, cons., fd. conn,
Reorg., Idt lien. 6s
7|
B. N. Y. A E.-l«t, 7«
N. Y. L. E. A W.-ail.
Buff.
Evan.
tr.,
87
60
130
109
Mt. Vernon— lat, 6a
19'.J3
Evans. A Indian.— 1st. pon«... 1926
Eureka Springs R'y, Ist, 08, g.l933
Fl't A P. Mari|.— Mortg., 68. ..1920
Qrand Rap. A Ind.— Gen. 58. .1924
Registered
Han, A St. J0.1.— Cons., 6*
1911
Hoos. E. A W. Tex— lat, 78... 1808
nilnola Central— l8t, gold, 48.1951
Ist, gold, 3>s8
lO.M
105
;
N€>. Kjiiiwiky
Union P»e.-l»t, Cs
l'i*7««
107
'103
1U5
90
117
118
i'lo'
90
119
62
107 1«
"o'sij
So"
94
117
U6H
lis"
i
':
»i.l
I*
—
int. ,>^
no
l»f, 6«
i*X, fm
35
117
106
104
..
We.r
IOOI>h'|OiI«
102
133
1
I
Col. Tnuit,n«
Col. Trust, !^s
Br. U. P.-F. 0.,78
a
1
1
...1Pad.— 1st, n».VM>\
.
Ateb. C<il. A
Atch. J. Co. A W.— let, •>«. IHO.'i
Ut, 80.—Gen., 7e
19«tf
Kxlen., 1-t, 78
1909
Missouri PHiitIo—
Verd'a v. Ind. A W., 1 «t, 5« 1<12(1
I-er.AC'yViil A.l..,lat,5s.l02ii
A San
Bt. I^ouls
lat, 08,
9-.:
"si
"ii"
01
9»H
103
10}
105
9s'
ex conpon
let, Oa,
Pitts. C.
105H
10.)
100
Kranoiauu—
Pierce C. A
1919
Equipment, 7s
1895
Kan. CliT A 8.-lst, 68, K.1916
Ft. 8. A V. B. Bg.— Ist, Os 1910
St. L. K.ASo.Wn.-lsl. 6s. 191
Tex. A Pao.-l8t, «s
1005
Consol., 0^. trust receipts. 1005
lliii Pennsylvania Kit.—
Pa. Co. '8 guar. 4i«8, lstep..19;
iVzij
Pa. Co. 'a 4198, reg
1021
85
tiaif
f
1«t, fti
- 7 ^.
1121*117
•i08"
C—
1
IWOft
.
fill
117
110
74
Paelflo-
.
G..:
Gi.i
118
110
1021
,,,1
C«l
1898
S" iddlB Div.— Reg., 68
1921
C. St. L. A N. O. -Ten. l.,7e. 1897 114
let, COU80I., 78
1897 114
2d, 6a
1907 •116
Oold, 58, couiion
1951
Dab. AS.
2d Div., 78. ..1894
Ced. Falls A Minn. -lat, 7».1907
tndlanap. D. A Spr.
triv-lst,aa....l<>2l
"
fi'
.
Registered
M
2d
Paein.
192B
1920
1897
1010
1923
1920
1889
1920
IWOS
1016
681922
A P»k
108>t 109 >a Peoria
..1921
A 8. W.— Mortg. 6«....1908i
A T. II.- Ist. eons., 6a.l921<
>ringf. DiT.-Coiip.,..6«,
Mo. River— l8t 78. .19()0l 119
120
1900! 117
Bt. L. Jack».& Chic— Ist, 78 1S94 114>3
l8t, guiir. (S64), 78
1894 1141s
Zdmorti.'. (3ti0), 78
1898 115
2<i,guur. (188), 79
1898 115
Louis.
Brie— Ist, extended, 7|
104>«
I.
N.Y A Plill.-Con8. 6»...1921
.
104
83
L.-l8t 7«, ct 1927
Wn8t.-l8t 78. ...1909
F. <fc N., 1st 68.1920 105
90
1921
St.
A
Ced. Rap.
gold.Os
2d, extende<l, !\«
3d, exiended, 4iaa
4th, extended. &8
KcglBiorert
Minn.
.
AN.—S.f., deb., 6«.
l«l niortg., 68
Kt'Kidtwrert
H. Tun.
eons
JU».C.
•KOtTBimS.
Bid.
4
t
1911
Pei'.ii Oivi-k -iBt (t<ild, 48
1936
Bait. & Oiilo-lBtC», Park B.. 1919
5(<. uoM
1023 105
TtoKf.
BEOURmifc
get. B»yC.
Alp.-Ut,e....l<)13
Tfiin. V«, A Qa.-l*t, 7«...1»00
Divisional fm
1030
B. AW. of AUImiua—
BONM
ASt.L— l8t,cp.,7a. 1900
9»
98
10C!% 107
103%
'ii7
1913
Pitts. Pt.W. AC.-l8t.78...19l2 141
2d, 78
1912 139
3d, 7b
1912 132
2d, 78
lat, 78, ex. fund, eonpon
102 >s
1906 101
Lake Eric A W'n -ist. g., 58. 1937 103 ?i 103'8
Lake Shore A Mich. So.—
Cleve. P. A A.— 7a
1892 110
Clev. A P. -Cou»., s. fd,, 7S.1W0*!
lofio
Buff. A Er.- New bonds, 78.1898 •119
4th, sink. fd..0s
189-J
Kal. A W. Pigeon— lat, 7»...1890 106
Bt. L. V. AT.H.-lBt, g.,78.DJ9;
Dct. M. A T.— 1st. 78
1906 •I20H
2d, 78
1808
Lake Shore— Div. bonds, 7b. 1809 110
2d, guar., 78
1398 105
1-25
Consol., reg., Ist, 7s
1000
Pine Creek Railway— 6s of 1932
Consul., reg.. 2d, 78
1003 1211* l;:3
Pitts. Cleve. ATol.— Ist,6s...l9'i2 108
Mahon'g. Coal RR.— la*., 5s. 1934 101
Pltte. Junction— 1st, 6s
1022
Long Island RK—
Pitta. McK. A Y.— 1st, 6e
1932
N. Y. A M. Beach— 1st, 7s.. 1897
"721s
Pitts. A Wcstcin-lst, g, 4b.. 1917
.
Extension, 4s
N. Y. B. A M. B.-l8t,g.,68.1935
«
Keok. & Des M.— Ist, 58 .... 1923
107% Louisville A Nashville—
-Central or N. J.—
Cecilian Brancn-7s
1907
93 14
General mortg., 5s, reg
1P8
Peusacola Div.— Os
1920
Clio. Milw A St.P.- l8t,88,P. D.'98 'lliS
1921
St. Louie Div.-lst, 6a
2d, 7 3-108, P. D
1898 120
2d, 38
1980
Ist, 7s,$g„ R.D
1902 127 »2
Nashv. A Decatur— lat, 78.. 1900
Ist, La Crosse Division, 7s. 1893 117
117's
1910
8. A N. Ala.— 8. f.. 6a
l8t, I. AD., 78
Lonlsv. C. A L.— 6s
1931
1899 118>9
12B1,
30
l8t, C. AM., 78
year
gold
bds
50
1937
1903
5 p. c.
Ist, 7s, I. A D, Ext
1908 125 126
Pens. A At.— lat, 6s, gold.. 1921
l8t, 8. W. Div., 6a
Hi
ATex.—
l8t,4s....
1934
1909
Lou. N. O.
Ist, 58, La C. A Dav
1934
1919
2dmort., 58
Ist, H. A D.,78
1002
1910 i'19"
Mich. Cent.— lat, con., 58
Ist, H. A D., 58
lOO;'
1910 98'ii 100
6s
CUicago A raelftc Dl*., 68. 1910 118>2'
1931
Coupon, 58
Clilc. & Mo. Kiv. Div., 58 .
97 58 98'
1931
1926
Registered, 58
102
Mineral PoinlDiv., 58
Sag.—
€s
1891
1910
Jack. Lan. A
C. AL. Sup. Div., 58
Mllwauk. A North.-lat, 0S...1910
1921
Fargo A South., 6s, Asau .. 1924
123
1913
Extension, 6s
Inc. conv. t-ink. fUMd58
MUw. Lake S. A West.1916
Dakota A Ut. South., 58.... 1916 b3 ioi'
1907
Conv. deb.. 5e
Chicago A Noi thwestcru1926
Ashland Div.— 1st, 68
Extension bonds—48
94
Mliin.A8t.L.— I'a Ex.— l8t,78 1909
1926 93
Ext. registered
13
1891
2d mortg., 7s
Escanatia A L. 8.— Ist, 6s... 1901
1910
Southwest Ext.— Ist, 7a
Des M. A Minn. -Ist, 7s
1921
Pacific Ext.— Ist, 6a
1907
Iowa MiiUaiid-lst, 88
Minn. A Pac— Ist mortg. 5s.. 1936
lilOOl
Peninsula— lst,conv., 78... 1S98 >l:i0
Minn. A N. W.-lst, 5a, gold. .1934
Chic. A Milwaukee— Ist, 7s.lH9S| US'*
.Vllnn. S.Ste.M.AAtl. — lRt,5s..i026
Win. A St. P.-2d, 78...
1»11
Mo. K. A T.— Con».,2d, Ino
1907 127 "a
Mil. A Mad.— 1st, 68
1890
IHO.i
H. A Cent. Mo.— 1st, 7s
Ott. C. F. A St. P. -Ist, 5s.. 19091
Mobile A Ohio— CoL tr., 68 ...I89'.i
Northern 111.— lat, 5
109
1931
St. L. A Cairo- 48, guar
19101 '105
1-^3
C!l. Col. Cln. A Ind.— Ist, 7fl, s.t.'OOl 119
Morgan's La. A T.-lat, 08....1920
1918
Consol. 7s
1st, 7s
1914
2d, 6s.. 1901
Consol. sink, fd., 7s
Nash. Chat. A St.
1914
198b
'Chic. St. Piiiil M. A O.—
N.J. June— Guar, lat, 48
Clile. S. P. A Minn.- Ist, 68.1918 12l«a
Registered certi lleau-a
No. Wisconsin- let, 68
N. Y. P. A O.-Prior lien, 68 . 1896
1930l
115
Chic. A E. 111.— l8t, 8. f., cur. .1907]
N. Y. A New Eug.— lat, 78.. ..1905
11313
1905
Consol., Itt, 68
1st, 68
19341 111
Ohlc. AW. lud.-lst, s.f., 68..1919 110
S. Y. Chic. A St. Louis -48.... 193;
General mortgage, 6
Registered
)93;i Ill's
Chic. A St. I^uin- Ist, 6s
113
N.Y. Susii.AVVeat— -id. 4l«8...1937
1915
Cin. I.St.LA CUic— lBt,g.,4s .1936
N. Y. N. II. A II.— lat, reg. 4s.l0O3
Keicistered..,
N. Y. Tox. A Mex.-lst. An ...1912
Cln. Jack. A Mac— lst,g.,58...103O
92 >9 95
Northern Paeitle- Dividend scrip..
Col. A Green.- l8t,68
Dividend extended
1916
2d, 68
Spok. A Pal.-lsi, 8. fd., 6s.l936
1926
96
<3ol. A Ciii. Midland- l8t, 6s. .1914
Br. Paul A N. P.— Gen., (is.. 1923
111
Registered
€)el. I>aek. A \Ve»t.-Conv. 7e. 1892
Mortga.i^e, 78
Helena A Rod >rn—l»t,g.,68.1937
1907 13.i 136
132
8vra. Biiif,-. AN.Y.-l8t,78.1906; '130
DuL & Munitolia— 1st, k-. 6s.l93U
llel. B.Val. A Butte, Ist. «8.1»37
Morris A Essex— Ist, 78
1914 140
Drumiuoud AT'lig -l»i,38 1''37
2d, 7a
1881 109 110
...i.
No.— l»l,i;'d, 68.193.
llrt
BouiUi, 78
IleleuaA
1000
78 of 1871
N. O. ANo. E.-Pr. l.,K., 6«..19l5
1901
19^6
«8
AGulf-li-t,
133
132'»
Or.
Ist, eon., guar., 78
Now
1915
1931
©el. A liud. Canal— Ist, 78. ..1891
Norf. A W.—Gen., 68
193-J
6»
RIver-lat,
107
Ist, ext., 78
New
1891
1934
Coupon, 7«
Imp. A Ext., 6s
1894 113
1924
AdJuBtnient M., 78
Registered, 78
1894 113
19'20
-Pa. J 'Iv., coup., 7s
Ogd. A Lake Ch.-l8t, 68
1917 139 >s
s.
f.,
1898
Cons.,
7s..
Mi»8.—
Ohio
A
Registered
103^
General 5s
.Albany A Siisque.— l8t, 78.. 1888 ioiii
.1920
Tr.,
6a..
lat
T.r.
Cent.—
140
Ohio
Ist, eons., guar., 78
190t)
1921
Mln. Div.— Ist, 68
Regisleied
19J6
Ohio River R(t.-l8t, Ss
Ist, eons., guar., 68
1906 117>a
Omaha A St. L. R'y.— Ist, 4s. 1937
118
Kiegjsterud
6«
JOSl
lat,
C'aL—
141
Oregon
A
140
Bens. A Sar.— Ist, coup., 78. 19;
Panama—Sink. Id.,sub., tJs...lWlo
'ISO's
Registered
Peoria Deo. A V.V.—M. 5*.. .1927
Pet. Maek. A Mar.- iBt, 68.. .1921
• ^o price Friday : these are latest qootaUons made UUs week.
L—
110
100
112
59
120
InoomcB
Rich.
A Iron
99>9 St. Louie
94
95
I
92
50
\foiintaln—
St. L.
117
Bellev.
106
105
107»s
104 >s 105
Ro.!l8iereil
Un.— 1st,
68
1922
Paul A Duluth— lat, 58. ... 193
I17>s Sodus Bay A 80.— lat, 5s, g...l92j
i07is Tex. Central— 1st, s. f., 78
1909
9S
118
IIV
Dakota Exten.—Oa
1910 llSVi lis
bS
Moniaua K.tten.— l8t,g.,48.19J7
Mln's
115
85^
Arkansas Branch— Ist, 78.. 1895 lOS 109«i
Cairo A FQlt<m— 1st, 7b
1891 107\ 109
Cairo Ark. AT. -1st, 78.. ..189' li>7'« 103"*
Alton A Ter. Haute—
BeUev. A So. Ill.-lst, 88. ..1896
A Car.— Ist, Us
1923
St. Paul Minn. A Man.—
108
106
90
1900
AW. Pt.Ter'L Trust «8.. 1897
San Ant.A Ar»nB.-l8t,6s,'85-191>i
19'26
1st, 68, 1886
Bcloto Val.— Ist, cons., 7s
1010
Coupons off.
1054
741.
Rich. ADanv.- Deh. ex ep. 68.1927
Consol. mort., gold, 5b
19.3'7
Atl. A Char.— Ist, pr., 7a. ...1897
et.
110
"tiu
80
70
1911
60
Tex. A N. O.— let, 7a
1903
Sabine Divlalon, Ist. 68
1912
10219 Vallev R'y Co. of O.— Con. 68.1921
Wai..8t.L A Pac.- Hav. Div.-tis.'lO
102
Indianapolis Div.—6a
1921
Detroit Div.—«8
1021
102
Cairo Div.— 5a
1931
102
Tol. A Wab.-Equip. bd8.,7sl883
72
1890
74
Suln. A Tol.— let, 78
1071*
an. A Naplea— 1st, 78
190.<
112
95
im
101
106
lat mortg. 78
121
i'os"
A 80. Iowa— Ishex. 6s. 1912
K. C. A N.Cluri.id* Br.-68
1919
8t.Charles Br'ge— l8t,6s.l908
No. Missouri- 1st, 7s
18!>6 ll4is
Wab. St. L.
Pao.-Iuwa IMv., es
West. Union Tel.—Coup. 7s.. .1900 i"l6
117
Regl8tere<l
85««
1904 i"o"iJ
N. W. Telegraph— 7a
ioi"
WbeeUng L. K., Ist M. 68. .1926;
Manhat. Beaob Imp. Co. -7s. 1909
Tenn. C. I.AR'y.-Coii8ol.,6«.190l|
III.
10814
104
I
15%
8t.
L
97
106
A
85>ii
Vs'ii
104
A
1051s
101
lOl
I16>s
ibs
103 •«
99 1105
98
1U2
104
117it iis"
.
A UtK'k. Ouul A L—6s, g..l917
Income Bond*.
(iHlertMi payable U eariud.t
Atl. A Pao.-Cen. Div
1923
£Ux.C>ty ANor.-2<llno
Ind'ap. Deo. A Spr.- 2d Ino
Trust leoelpls
Leh. A WUkeeii. Goal
.
.
8d pref, debentuie«
4th pref. deDoutures
N.Y. Le. A West— Inc.,
1888
L
Cuaui. Ia<
Ogilena. A
aiHMiMidOtth Valley— lue.
«••
tin?
A
-
i
Fre«
List.
Pltlsbugo Hy .—Cons
II.
«
II.
of
WaK.KMIni.llil-.
Lilio Krii'
'r.^.
Is
.
Mt.
7*.'
J
."^^.Itfl^
-l'.jl .V 111.
tt'aiiisli
3t>
"io
OWoOent.-Mtn.Dlv.-lnf -< •••
77'« Erie
SS
1970
1906
MUw. Lake 6b. A W.— lucuiue
KobUs A Ohio— Zd pref. debea....
ualv'n.
'/2
H-iH
Iowa— Ciup. debtoertrB
,
77««
1917
OoL
Cent.
Ill's
100
19021*
South Pltts.-lat.Os
Blr. UlT.— lateou. 0«
Div
I,
THE CHRONICLE.
New York
Banks.—The following statement shows the
Banks of New York City for the
City
oonditton of the Associated
week ending December
SECURITIES.
Amb.— M,. 68. '89,
4 0. M.— 181,88.1914
SECURITIES.
Bid.
Ask
Phlla.& Read'g (Cont'd)Cons. 6s. l8t 8er.,o.,192a
Cons. 5s. 2d ser.,c., 1933
Debenture coup.. 1893.
Deferred incomes, cp...
74
76
76
21
105
Phil.4R.-l8t,68,1910.. 122
1st pref
2d prof
110
24, 78, coup.4reg.,;893 111"*
RAILROAD BONDS.
Cons., 7s, coup., 1911.. I28>4
Baltimore 4 Ohio 48
Con8..68,g., 1.R.C.1911' 118
Imp., 68, g., coup., 1897 101 »< 102^ Oin. Wash. 4 Bait.—Ists.
2d8, 6s
Gen., 68, g., coup., 1908 W9\ 110
108
Cam.
Col.
17, 1887:
104 »i'.
cfe
97
120
136»8
Leh.V.— l8t,6s,C.4R.,'98
Average
2d, 78, reg.,1910
Cons. 68. C.4 R., 1923..
129
Penna,— Gen. 6s, cp., 1910 130
Amount of^
130
132
,
SankM.
Loans and
Legal
lenieri.
SpecU.
VUcounU.
Net Depoaitt
CircuTa-
other
tum.
than U.S.
10.100.000
9.675,000
Uanliattan Co
7,!50.900
MeTchantB'
8.094,000
Hecbanlcs'
10.852,200
America
3.044.000
Phenlx
8.861,300
Cit7
2.643,000
Tradesmeii's
1.187.800
Fnlton
18.799,800
Clieinical
3,118,900
Merdiants' Exch.
6.317,800
Gallatin National.
1.765.400
Batchers' A DroT.
I.PIO.OOO
Mecbanics' & Tra.
1,058,800
Greenwich
3.155,300
Leather Mannl'rs.
1,823,500
Beventh Ward
8.377.600
State of N.
Amerlc'n Exch'ge. l6.6B8.000
l7.374.eOO
Commerce
6.846,500
Broadway
7.654,600
Hercantue
2.377.8C0
Paclflo
7,8f0.8C0
Bepnblic
4,428.700
Chatham
1.836.100
Peoples'
2,738,b00
North America.. ..
11.301,000
Hanover
2,691,(00
Irving
2,635,900
Citizens'
453,000
286.100
6.864.600
661.200
811,400
418,200
105,000
139,600
48S,C00
286,600
620,900
2,069,600
Y
Kasean
Market
et.
Oriental
Importers*
<&
l.S79.f00
3,096.000
6.126.000
4,180.100
1.972.100
18.287.3C0
16,962,300
2.025.800
1,057,000
16.966.000
7.605,000
8,255,000
6,028,400
19,341,600
4,47i,i00
1,336.900
2.422.S00
2.101.400
2.628,900
6.014.100
8,438,100
2,305,400
2,400,600
8,564.400
2.415,700
1,950,200
1.418,700
3,660,600
1.813,700
2,166.800
1.826.200
8,087,600
Trad.
Park
North Biver
East River
Fonrth National
..
Central National..
Second Natioual ..
Ninth National....
First National
Third National
N.Y.Nat. Exch...
Bowery
N.Y. County..
German-Americ'n
Chase National
Avenue
German Hxch'nge.
Fifth
Germania
...
United States
Lincoln
Garfield
Fifth National
B'k of the Metrop.
West Side
Seaboard
Sixth National
Western National.
900.000
776.000
763.600
668.000
4H2.600
209.000
826.000
161,400
68,100
832.000
376.600
687.800
109.400
773,f!00
661.000
228,700
4,114,000
6.264.400
105.8"f>
147.900
3.932,300
843.000
593.000
1.144,000
3,6»».2C0
1,050.900
165.600
531,300
414,100
486,600
1,418.000
707,100
129,600
206,000
1,009,400
93,5 00
303,100
332,100
741,200
235.t00
351.iOO
456,600
641,500
45,000
9,830,000
10,766.000
6,717,100
6,973,000
9,349.700
2,874,000
9,430.400
2,308,600
1,211,100
21.452,200
3.638,500
46,006
263,000
»o,6o6
1.789.400
2,V 18.000
120.000
1.066,500l
""2'600
243.8001
2,468,800
1,302.300
3.016,100
12.716,000
11,276,200
6.633.300
7,747.300
2,841.100
7,604.400
4.541,000
2,634,600
638,300
12,400
66.600
275.900
967.000
1,088.100
.<<31.400
464.'i00
201,600
630.t 00
379,200
95,600
410,800
651,300
225,(00
216,000
270.300
190,600
81.600
SIO.OOO
265,000
631,000
993,300
45.000
900,000
42,200
45.000
426,500
2.P.'.6.700
1.704.100
446,000
2.691. lOO
6,366.800
3,418,100
3,(31,800
2,713,000
3.624.700
3,047,900
2,420,800
1,616,100
4.316.200
2.041.000
2.408.2C0
2,040,600
6,343,200
87.600
219,000
201,600
321.500
269,700
174,200
70.000
923,300
L. T'nders.
Specie.
Loans.
1887.
Deposits.*
" 17 li!S,308.00f
C
8.344,200 105,367,000
3.275.600 104,330,80(1
8,S6!i,10O 104,316,600
Pblladelphia Banks.—The
Sec. 8....
"
10....
"
17
200,800
223,000
180,000
67,600
46,000
43,700
45,000
12!j,100
•
«
C
22,580,200
22,166,200
21,499,100
84,763.800
84.064.700
83,391,000
7,684,70(
7,309,801
Circula'n
Agg.Cl'ngS
2,311,760
2,311,400
2.812.760
78.318.926
60,980.663
$
B2,6i'7.;9S
'Inolndlng the item "due to other banks."
Quotations in Boston, Philadelphia and Baltimore.
Following are quotations of active stocks and bonds. A
complete list is given in the Chhonicle the first Saturday
of each month.
SECURITIES.
BOSTON.
S, C Port Scott
O.— 78
K.C. Mcmph. it Binn— 6s
K. City »v'A <fe Mem.— 68
K.C. (Jlint.
Sprlngf .—6s
Little R.
Ft. S.— 7s
iihi
93^
210
243
California Southern,
Central of Massachusetts
Preferred
Chlo. Burl. & North'n..
Cleveland &, Canton
Preferred
1925,68
Mexican Central—4s
i3'«
Income
N. Y. 4 N. Kng.-lst,
36 >9
Sastom.
Preferred...
Pitohburg, pret
FUnt<fe Pere Marquette.
Preferred
Xan. City Ft. 8. <fe Quit
Preferred
K. C. Memph.
&
Ka3i. C. Sprlngf.
Birm.
..
5
Mexican (jentral.
N.Y. iN.Bng., pref
Northern
Old Colony.
Wisconsin CeLtral
48
79
la^B
Atoll.* Topeka— 1st, 7s.
Coll. Trust, 68
89 >4
88
Mortgage, 6s
JEx-dlvideud.
t
Per share,
120
7»..
ifarket
124
Mechanics'
Fourth
120V
20
Jassan
Bid.
150
Farragnt
120
100
100
320
..--
UO
Fire Asso'n.
Firemen's...
145
122
90
German-Am. 300
by E.
1
165
160
175
125
120
125
96
Tradesmen's
S. Bailey, 519
46
160
2!UI
260
ito
110
Germania... 146
Globe
115
Greenwich.. 2(0
Guardian ... 60
Hamilton .. 112
Hanover
Howard
125
135
110
180
78
90
liberty
iLong Island 90
jLafajette... 75
Kings Co
IKniokerb'kr
lManat'c.4B 115
Merchants'
-
Montauk
Nassau
140
60
yi»
200
H3
Jefferson
iMeciianica'
iMercautile..
COMPAN'S.
60
Standard
80
91)
100
130
102
70
Phenix
100
85
125
70
100
Bid.
People's
Rutger's
66
70
I(>4
78
140
National.... 90
N. Y. Eqult. 150
N. Y. Fire.. 75
Niagara
150
North River 9(1
Pacific
160
Pet'r Cooper 160
10(»
71
148
120
Pine St.]
168
1'22
128
130
Tntted St'es 210
Ask.
'.^15
125
182
65
Home
166
170
rhlrd
150
Ask. |COiIPAN"S. Bid.
140
American... 150
150
Bowery
Broadway... 160
Brooklyn ... 110
110
Citizens'
117
City
75
Clinton
Commercial. 38
Commonw'h. 80
Continental. 215
240
Eagle
Empire City 90
Exchange... 95
Alliance
230
Second
S'ioe4Leath 142
stateofN.Y- 116
lew York .- 210
Iniarance Stoek lAmt.
Sterling
Stnyvesant no
United St'es 140
Westchester 140
Wiiiiamsh'ir. 260
arooklyn City— stock
118
106
Ist mort., us, 1902
ftklyn. Croaatown— stock. 160
102
Ist mort,, 78. 1888
Bnshw'k Av.(Bkln)— Sfk 160
Csntral Croastown—Stk.. 150
1st mort., Bs. 1922
Dint. Pk. N.4 B. Riv.-Stk
Consol., 7s, 1902
Ohrist'ph r410th St— Stk.
Rond>4 7s 1898
118
78
120
125
111
Dry Dk.B.B.A Bat'v— Stk 160
110
Unlisted Securities.
SECURITIES.
961*
Allan,
&
Ask
86
145
105
160
95
165
100
180
170
100
103
187
UO
75
126
140
160
380
Bost.H. T.4 West.— Stk.
Brooklyn Elev'd- stock..
Cape Fear 4 Yad.Val.. 1st
Chea. AC. aer. B.dof. acrip
Chic. 4 Atl.-Een,, ir. reo.
23
10',
11
54'4
Little Schuylkill
60
87
10
62
89
64 H
64 Is
33
331^
69
AUegh. Val.— 7
I
i
24<9
i'i'ii
94
Cinn. 4 Spiingfleld
Cent. Cons. Co. Tr. stock.
Den. 4 Rio Or. W.— St'k. 'Y2"
Dul. S. Shore 4 At.— Stk.
23
Pref
170
Edison Electric Light
2
Fla. H.y. 4 Nav. Co., pref.
16
Georgia Pac— Stock
107
46
2d8
Henderson Bridge— Stock 97
3
10
6
2d pref
.
....
65
Istos
6
Kan. City 40maha
Istmort.....
74
Keely Motor
Mex. Nat.Con8truct'n Co.
r
L,
Bid.
59
112
106
77
105
127
106
no
110
Alk,
81
114
111
80
110
I3ff
109
116
lis
Qb^nt, Broker, 145 Broadway.)
D. D. E. B. 4 B.— scrip, 68
114
Kiifhth Av.— Stack
175
104
42d 4 Gr'nil St. F'ry— Stk
let mort., 78, 893
105 "a
90
12dSt. Manh. 4 St. N.Ave
28
80
120
110
160
105
1st mort., Bs, 1910
2d mort., income. 68
104
158
108
107
162
110
200
112
36
108
56
210
«on8t.W.8t.4P.P'v-8tk. 166
1st mort., 7s, 1894
110
'finth Ave
lie
Second Av.— stock
165
118
Istmort.. 5^. 1010
160
106
120
Oonsol 7s 1888
sixth A v.— stock
81
170
121
110
1st mori.,78, 1890
130
220
Third Av.— stnck
113
108
Bonds. 7s, 1890
156
Twmty-thlrd St.— Stock.. 210
112
1st Tiort., 78, 1893
112>i
SECURITIES.
Ask.
Mexican National
30
87
117
41
1091*
60
iia"
lOS
120
107
100
180
lis
2S0
ice
220
114
32
Bid. Ask.
7
8>*
Ist mortgage, tr. rec
88
41
-.
901. 01
New l8t 68
ibfli-j Newp. N. 4 Miss. Val....
101.
28
78
IN. Y. M. Dn. Tel.— Stock.
421, iNorth. Pac— Div. bauds.. 106
108^
Ocean Steam. Co., 1st guar. 103 106
tr. rec.
-
,
......
39>4
64^4
GAS COMPANIES,
I
— Quotations from both Exchanges:
Bid.
Cbar.— Stock...
"77'
89
46
Ask.
102
Pwple's (Bklyn.)
66
Williamsburg
103
Bonds, 6s
73 'i Metropolitan (Bklyn.)..
vlunlcipal— Bonde, 78-..
Faiton Municipal
BtmlH, 6s
93
102
Equitable
Bonds, 6s
97
98
KB. Qnotationg by H.
Broker 8t.4 Fult.P.— Stk
26
Ist mort.,78, 1000
112
ar'dway 4 7th A v._st'k.
102"
1st mort., 58, 1904
2(1 mort,, 58, 1914
103
B'way Surface bd8...1914
»*
At.4Pac.-l8tM,C.D.o:d88
100
8.ina. >86 116
7 ,E.ext.,1910110
Inc. 7s. end., oouD., '94. \ 21
Bid.
100
60
100
73
OonsoUclated Gas
Jersey City 4 Hoboken... 160
114
Metropolitan— Bonds
90
Mutual (N. Y.)
100
Bonds, 68
96
Nassau (Bklyn.)
96
Scrip
Brooklyn Gas-Light
Oitizons' Gas-Llght
Bonds, 58
96
Lehigh Valley
Last price this week.
18
vfetropolit'n
126
-
170
[(^notations
COMPAN'8
16(1
'
1550
146 Is 148>«
167
Counti 200
».Y. Nat.Ex 120
Jinth
130
.7. Amerios- 120
Jorth Riv'r. 130
Irlental
182
Ptclflc
1821a
Park
165
People's. . .. 175
Phenlx
120
'lepabllo . . 139
St.Nlohoias- 120
7th Ward. .- 115
340
164
lI'chs'ATrs' 146
tfercantlle- 150
tfercnants - 140
M'rch'ts'Ei.
Am. Bank Note Co
112
{
RAILROAD BONDS.
106
i
170
205
..
62 >s
661a
19'a
121
17
Northern Central
Pennsylvania
llOHi Phila. <fe Reading
90
West Jersey
B7
Trust, 6s
Xaat'rn, Mass.— Bs, new.. !l20
,.
653,
Preferred
16>«
BONDS.
Plain, 6s
loiii
"si"
PH1L,ADELPH1A.
RAILROAD STOCKS.!
Buff. N.Y. & Phil.,as8.pd.
138
172'a
Preferred
'
109
99 -s
Incomes
..
79
Wiscon, Cent.— let 8er.6s
3d series, inc., 78...
SO
125
& Mem. {
97
—
91
90
110', 111
.
113>a
l8t mort., 68
129
3d mort.. 68
......
9l>i Southern Kansas 68..
26
Texas Diviaion— 5s
^
168
120
Corn Exch...
Rast River.. 130
11th Ward- 1«0
FitthAve... 726
(^lontijiental.
1st mort., 7a, 1893
116
89^6
&
4
Loolsv.E V, A St. L.— l8t, 68
2dmort.,2.68
Mar. H. & Out.- 1908, 6s,
40
60
Ask.
Bid.
*
KAILRO.VD STOCKS.f
•lanover...- 182
[tn.4Trad'8' 3.<6
Irving
142
Leather Mfs' 195
Manhattan. 100
3400
146
GAS COMPANIES.
8.036,600
t
86.641.145
87,336,177
87,196,662
7.811.100
SECtlKITIES.
134
..—
Ohase
"f.y.
Oerm'n Am.. 115
Germania, .. •2(M)
Greenwich .. lloSj
Gas and City Kallroad 8tacka and Bonds.
[Gas Quotations by Geo. H. PBEirriss 4 Co., Brokers, 49 WaU atrmt.]
have been as follows:
86.556.800
87.166,600
87.053,200
Atoniaon <& Topeka ......
Boston & Lowell
Boston A. Maine
Boston A Providence
130
210
215
Obemlcal.... 3100
Citizens' ... 138
300
Olty
Central
200
200
.. .,
Garfield
Bntohs'4 Dr 184
[City
totals
Lawful Mon'y Deposits.*
Loans.
1887.
81,000
180.000
45,000
40,000
45,000
447,400
99 >9
80
3de, 3-48
let Inc., 68, 1931
Last price this week.
i
QaUatln
•,i57
983,800
37,600
Circula'n. Agg.Cl'ngi
t
8,195,600
8,513,700
8,433,900
Sec. 3 138,204.100
" 10 138.017.300
Ask.
Bid.
175
180
Exoh... I4OI4 142
46,000
2,4 11. .TOO
25.'i00
BANKS-
Fttlton
5,4
100>«
Local Securities.
Bank Stock l,Ut.
BANKS. Bid. A8k.
Amerlca
First
3,3;'8,000
354.900
81^
Per share,
t
114
81 '1
117
New York
Commerce
46.000
40.700
45,000
2,816,000
3,249,800
2.877.800
539,.'!00
111
I
Chatham
30,100
4,736.100
2.060.C00
844.300!
1.215,1001 19.974.600
879,100 al. 099.000
168.500
1.066.400
1,025.700
140.200
1,432.900 16.328,000
1,150.000
7,633.000
266.000
3,763.000
354,200
6.461.900
1.269,200 17.608.000
254.600
4.662,100
119.600
1,086.400
190.200
2.600,400
'1
Ex-dividend,
Broadway...
3.113.S'00
11 913.900
236.600
77,400
886,900
174,100
Gen.. 7s. coup., 1908....
Income, 78, coup., 1898
Am.
—Following are the totals of the Boston b anks
Boston Banks.
RAILROAD STOCKS.t
Baltimore 4 Ohio
—
88,200
623.300
264,200
850.261,200 69,083,600 26,7£6,J00 351,866,800
Total
114
Con8„58,reg., 1919
4^s, Trust Loan
*
4.4*17,3001
279.000i
716.700
466.400
216.300
3.80i.900
670,600
738,900
44B,£00
710,600
221.800
698,000
2.36C,4(iO
Bhoe & Leather...
Corn Exchange ...
Continents
'
1,843,700
1,063,700
1,784,300
622,400
1.477,500
3,0l»8.9l;0
Nlchnlaa
BALTIMORE.
Cons., 68, coup., 1905...
Perkiomen— l8t,68,cp.'87 103
$
2.07O.COO
2,429,000
1,146.600
1.434.000
1.398,400
521.U00
2.630.500
KewTork
XLV.
[Vol.
4!^
Pensacola
4
4 West.
Atlantic
7
8
98
RR— Stooli
33
Ist mortgage
74
Postal Telegraph— let, 6s. 26
Hlch. York Rlv. 4 Ches.. 90
Rome 4Dccatnr,l8tM.,68
bt. Louis Ft. 8. 4 Wich .
St. PaiUE.&ar.Tr.,lBt68
Pitts.
30
103
st,P.M.«Man.Mon.Ex,4s
108 la
4b »4
Ys'
75"
Sonthern Tel.— Ist M
Tol. A. A. & N. Mich
U. 8. Electric Light
Vicksb.
Pref
16
"2*4"
30
40
4 Meridian
mort
2d mort
Incomes
>1
•n
1st
"ii" WestVa. BR.— Ist, 88...
Western Nat. Bank
10
28
West N. Car.-Con. M....
45
6
91"
7
"94"'
96
Deobmbeb
24,
THE CHHONICLK.
lt)87.J
Suwestmcut
The iNVESTOBs' SUPPLEMBNT contains a wmpleU ewhibit oj
Ftmded Debt of States and Cities and of the Stonks and
Bonds of Railroads and other Companies. It is puhlithed
on the last Saturday of every other month— viz., January,
March, May, July, September and November, and is furthe
nishfd without extra charge to all regular subscribers of the
Chronicle.
Bxtra copies are sold to subscribers of the
iiKONiCLK at 50 cents eacfi,
(
ani
to
r.aifi Hi Winn aqwi'tK.
rM* or Val 1«97.
liM.
BOAM.
litikcrad littcHigcuce.
others at |1
per copy.
f
Kentiiekv
r,
Ke.ikllll .V
kill,.,!., 1
W.
wk Deo
k IX«
J'l
..
-'
'
rx»l
I.
»"\
Huvk .t Meu
I»n« iKland
L.
I»t
Mo
ifc
Kv.
I'Mihfir,
\W
th-el
wk
2.1 wie
.
•.fMi.
Loiilii.
V
>
S&?i
3,lK•.^
1.1147
Srtioin
li
37.010
a 13.274
780,012;
KI3
8,13l.0m
.ilO
tl
0fl»,40»
I8'l.1
.
270'
'2
62,47 1-
.
:!,•..
.Mar
•v.'.i!fi
I.05«,<t3a
100'
2'
I"-
.
lOM.
xmn.
10I.707
UuiUv.iV \
[...,
Vatm XHm,
/•«. 1 It
•
,\
•
I:
Menu
.'1
W K IMT
Vovcmber.
1IMI,'_'.-|()I
155,836
wk
wk
.\i
Mlw.iV
I'r
'
.
u
..
M..bll.. .t Olilo
217,200
22.'
..
wk Deo
31
31
017
.121,111,
140'
2 wkH Deo
V..vimber.
2d
.'-I.
un
xioliep
37,:
in.i
'
Mln.^
Mlnu.,v
lil.i
45,370l
IVwi
2.1
Dfxi
ll'lolHT .
.Minn.
Gross Earnings to Latest Dates.— The latest railroad earnings and the totals from Jan. 1 to Uteet date are given below
for all the railroad companiee from whom reports can be ob-
iiilmr ...
<>.
^1
!.
1.1
RAILROAD EARNINGS.
86$
'
1,X)« ,581
11
•
,13
-.»
f-^'ned.
.N. 1
Eaminga ReporUd.
Lalest
ROADS.
Wetkorilol
1887
188G.
Jan. I
to Lalett Date.
1887.
1886.
»
October...] 192,079
173.5981 1.076.230 1,495,308
Ateh. T. & S. Fe. November. 1 ,(!4fi,310 1 ,715,554 16,951,044 14,4.55„577
l.''.3.S9Il
117,038' 1,001,210
Atlanta Ic Char October
9-10,499
tiO,905
41,209 2,199,519 1,490,9.53
Atlantic* Pac. 2d wk Dee
133,028
130,698 1,197,533 1,116,827
Bait, it Potoninct October
72,si6
October...
6O,309j
607,656
Beech Creek
500,269
28.100
Bninsw'k &\\>sl Septeiub'r.|
251,589
42,800' 2,685,179 2,-16i',Vl7
54,100
Bull. X.Y. & Phil '2d wk Decj
40,578
31,1431 1,902,456' 1,369,980
Buir.Koch.&Pitl 2d wk Dee
63,917
76,104! 2,704,5041 2,702,034
Bur.C.Rap.ANo. IstwkDee
15,.500
Cairo V. & Chie 2d wk Dee
13,8821
726,798
622,880
42,'-'34
wk
Dec
SouUiem...
2d
22,462
1,394,352
Cal.
693,707
37,5'20
37,0481
JCatudon & Atl'c October
610,302
537,088
203,000 10,973,435 9,593,702
CanailianPacitle 2d wk Deel 264,000
20,959
Cli.r"rA,Ya<l.Val November,
21,408,
219,947
205,883
00,113
Carolina Cent... October..
63,106!
119.497 103,493: 6, 136, 743 5,674,648
Central of Ga... 2d wk Dec
November. 139,897 123,8451 1,219,874 1,196,888
Central Iowa
,042,4'20'1 ,095,,503l 8,626,.374: 7,729,723
Central of N.J. .Septemb'r
Central Paelflc
.Septciub'r.
,340,8S4 1 ,146,36-; 9,857,.542, 8,799,622
Central of ». C. October .
10,213
10,385
41,923!
41,284
403,295
Cliarlest'n A Sax October ...
392,507
&Darl
October.,
10,908
11,2331
Cheraw
412,123 358,551 4,100,274 3,755,867
Cheiiap. & Ohio. November.
99,573
89,858:
993,587:
EUz.U'X.&B.S. November.
856,684
205,777 178,983 1,795,182 1,546,450
Oics.O. &8. W.. November.
Septcmb'r.
73,904
75,579
493,422
Cheshire
.
468,808
6,676'
7,074
Ches. & Lenoir.. October...
842,002 777,414: 6,489,.535j 5,756,160
Chic, ite Alton... iSeptemb'r.
Chic. & Atlantic 2d wk Dec
41,962^ 2,085,472, 1,57.5,186
41,770j
192,ss8
Chic Burl. & No. October ...
1,979,301
Chic. Burl. &Q. October..
,774,922 2 ,776,774 23,065,857 22,103,637
Chie. &Ka8t. 111. 2d wk Dec
41,5531
39,973 1,968,093 1,697,487
10.947'
390,009
Chic. &Inil. Coal '2d wk Dee
0,333
580,500 510,S34 23,975,107 23,.180.862
Chie. Mil. & St. P. 2d wk Dec
,780,'210 '2 ,810.900 22.298,973 20,811,085
Chic. .V N'thw'u. October ..
62,128
61,231
5,100
Chic, it Oh. Itiv. November.
7,131
194. 'J 17
436,202 5,284,753 4,372,892
Chic. St.Iv.&Pitts Xoveniber.
lO.Kl.-,
7,0431
Cliic.St.P.AK.C. Itlnvk No\
Chie.St.P.M.itO. October...
770,070 652,0.50 5,625,085 4,953,645
Chie. &\V. Mieh. 2d wk Dec
21,199) 1,351, .591 1.33 1, (ISO
22,078
1).
281,9-17 2,458,209 2,157,9S0
Clu. Ham. &
Septcmb'r
301,241
Clu.Ind.St.L.itC. Ithwk Nov;
62,030
01,4291 2,.114,135 2,354,580
459,0'23
393,171
Cin.Jaclc. & Mac. 2 wks Deel
10,931
16,254
Cin. N. O. itT. P. 2d wk Dec
04,710
56.818i 3,2(.0,962 2,718,594
31.9'20
.(Via. Gt. South. 2d wk Dec
28,827 1.482.832 1,138,333
012,021
662,023
N. Orl. & N. E 2d wk Dee
15,059
18,6831
484..304
,524,119
15,933
Vieksb. ifeMer.! 2d wk Dec
14,098
475,'290
572,256!
16,111
Vicks.Sh.
16,780
2d wk Decj
lander Sy.st 2d wk Dec
143,803 136,3721 6,448,192 5,428.542
364,023
395,202
Kich.iFt.W".
7,8121
wk Deel
7,590
90,9671 1,082,191 1 ,028,202
& Hiiriuft'd November. 101,135
40,487 2,109,305 1,906,490
Wash.AIialt. 2d wk Decj
43,308
504,856
524,527;
Akron &Col 1st wk Dee
9,298
10,154
3-1.5, 161
327,719
31,292
Canton
November.}
33,682
ACol.C.iV Ind .Wivcnilii-r.
390,075 355,960 4,171,954! 3,783,490
261,136
293,750
5,163
it Marietta 2d wk Dei6,445
d'Alene... October
18,034
317.521
6,623
7,121
.t Cin. Mid
2d wk Dec
71.900 2,543,787 2,151.101
lock. V. it T. 1st wk De<'
01,804
V. & Rio Ur 2d wk Dec
160,000 146,588 7,583,786 0,390,040
994,850
V. (tR.O.W. 2d wk Dec
21,675 1,117,2971
22,275
217,475
435,574
liayC.&Alp. November.
31,0(X)
28,807
24,380 1,093,304 1,163,907
I.an.s'tfitNo. 2d wk Dec
17,550
273,382
383,162
6,070
Mack.iMar. 1st wk Dec
9.112
iiin.V.a.ittJa. 2d wk Dec
91,055 5,037,243 4,038,161
117,342
1 87,4-29
224,175
4,078
n.s.it Ind'plis 2d wk Dec
4.300
728,039
832,417
15,392
13,864
nsv. itT. II. 2d wk De<2,054,108
44,104 2,449,7821
45,083
<t I". Marti. 2d wk Dec
902,433
2S,S>,Hi
27,056 1,007,579
U.itNav.Co. 2il wk Dee
425,119
683,9701
12,253
A. it I),. II. City 2d wk Dec
22,0.50
791.4.56
25,022 1.174,724
32,284
r^ria l'aeill<^
2d wk Dec
1.987,352
47.'2<>9 2,255.99S
37,909
Hail, it Ind. 2d wk Dec
lid Trunk... Wk.Dec.lO
338,787! 35S,057 17.O02.2O2 16,085,440
27!t,279
3S0.59()
39.'213
37.189
i;ay\V.&8t.P Octolier
387,200 2<ii.:;i:. ' .i72.0<l7 2.039,525
Col. it 8. Ke. November.
-.•.O'.io.ii.'.l
2,714,711
i^.itTex.Cen. 1 St wk Dec
59,937
l-2,-<.i;l!i
130,200
i:i!< r.i
16,727
iiiertt'nit.Shcn October
0.0*").. 466
ni.Ccn. (Ill.it Bo) November, ,108,81 O 1 03-^.5;l9 111.02 1. or.'
".0.126
100.><7-J
lo.sirj
10,540j
CidarF.itMln. November.
-0''..578
70."i.'2.")
81,855
82,2351
liiih.itSionxC. November.
025.5-.;.'>
570.'249
.5I,S43
Falls itS.C. November.
07,128|
51.822 2..5OI.0.2 2,437,-544
45,053
Bloom. &\V. 2d wk Decj
100,380
11,02'2
170,219
18,500i
111. & Iowa
October
^--i 1,094
3'<7.801
42.511
33,298
Dec. it 8iir. November.;
1,787,811
2.0117.171,
42,l->43,351
& St. Ix>uis 2d wk Dec
213,835
:ii;o.681
29.;>»o
28,438
k. T. & K. W. October
50,805 •2.53'2.443 2,3.S0,26I
.50,521
Ft.B.&Oulf. 1st wk Dec
1,426,.537
3'2,918 1,894,271
38,042
C. Sp. it.M 1st wk Dec
220,488
241,625
3,902
4,572
ii.C. CI. itSp. 1st wk Dec
Allegheny Vol.
I
.
'
'
.
(N.Y,
N.Y.,v
X.Y. iini.
^
\
1 1.
«
Ohio&.MlM
•2il
Ohio Rtver
''-
''2.1
wk Dec
wk Deo|
iihcr.
,
.
i
\
^
i
I
I
I
&P
M
:
.
|
.
.
I-
.
I
I
.
.
:X
.
N.Y.Phll.&Norf.
N.Y.Sns. it W.. N
Norfolk it West 2,1 ^^ k |i,.
N'lhcustrn (S.C.i October ...I
Northeru Ceut'l. n.tnlicr...
Northern Paeille '2d wk D<'c
iiib'r
i.-r..
i>i,-g.
17
too
r'l
,v
1.1
WO!'.
„.r'
U.iV X.('o
November.!
103,101
55.108
501.294
291.117
87.873
8.079
60,153
30,031
431,819
613,488
:\
71.
57,
510,.
i»
,9
21''..'
•l«
79
-.9
".3'2,77l
47 1,918
1()3',250
2.4 18,,734
4,819,839
4,911,,810
,''-.:
:iii:i
o-:i
518, ,000
.1,
P.-iinsjrlvauln. .. Octol)er..
,089,521 1,737 ,351 46,0-13,105 41,6o;i,,634
Penii. (7om/«inj/.|
No. West. ays. '.•^ptemb'r 1 ,742,095 1.4.52-^"
>3
8o. West, 8y«..'Septemirr.
'16
,274,380 l,145,:r
PeoriaDcc.&Ev. '2d
Dee
18,223
17.7.;
•O
.
wk
Petersburg
November.
31,404
28,3001
.
368,619 371,521
October... 2,085,791 1,961,67618
I oal <& Iron Co. Octoljcr . .
2, 321.204 1,735,217
Tot.bothCo'8 October
4 100,996,3,606,894
Pitts. AWcBfra.. '2d wk Dec
33,737
33,865
P'rtRoyol&AHg. October ...
30,659
39,201
'.260,201
Ft. R'aliW.Car. October ..
37,748
30,670
& Erie
A Read'/?.
Phila.
IPhila.
'
October
RAW.P.Ter.CoRlcb. A Danv. *fovcmbcr.
465,800
138,500
91,600
64,400
56,000
10,900
9,000
195,600
20,175
315,991
43,351
20.020
71.169
142,112
38,993
Va. Mid. Dlv..:November.
& A. DIv.; November.
& Gr. Dlv. November.
C. C.
Col.
WestN. C. Dlv.'November.
W. O. &N. Dlv.iNovcmbcr.
A sh. i 8p. Dl V. November.
Total all
,2d wk Dec
Rich.* Petersbg. November.
Rome W. & Ok October
lyst.L.Alt. &T.II. '2d wk Dee
liranches
2d wk Dec
St.L.Ark.&Tex •2d wk Deo
St.L.A8anFran. '2d wk Dec
St.Paul&Dnbilh 2d wk Dee
'
. .
77
^3
.
. .
'17
>3
"'19
.
:-23
257,413
421.974 4,073,600 3,720,077
129,600 1,401,883 1,430,864
716,139
85,161
765,175
955.431
68,090
487,890
48,277
493300
638,050
8,600
4,100
66,813
166,600 8.061.097 7.402.568
17,3.32i
193,432
210.581
299.343: 2,072.196 2.395.774
42.188' 2.097,171 1.787,611
'22.074:
7.-.5,91l
!K»8,583l
53.4071 2.537.2'20 l.««8,706
5,916.316' 4,579377
1.616,987, 1,493.834
7,839,963. 6.7'27,17»
100.143
25.700
810,514
8t.P.Mtn.itMan. November.!! ,160,843
8..\uf.&Ar.Pa.»s. November.
2.1.184
75,919
300.706
October . .
Scioto Valley
561,803
75,802
65.ftl7
635,300
.Scab'nl & Roan. October...
7'2.932
77.166
Shenandoah Val November.
686.339
84.000
71.053
837,831
South CaroUmi November.
119,674 113,609 1,094,494 I.02'2.630
.So. PactfloCo.—
Gnl.Har.&S.A. Oetol)er...
355,540 220,236 2,741,098 2.140.818
.V2 1.268
I.oulg'a West Octotior .
68U,aS4'
81.108
.52,01
398,345 3,508,943 3.'297,36a
Morgan's LitT. October .
.5.54,115
17.7'29
128.089
.Hex.
Octolier
...
16,633
141,833
N. Y.T. 4
-111.097
80.7'..-.
Illll Oil',
Octolier .
Tex. & N. Orl
12C,125
\S
system
775Atlan'c
October ... 1. 129,611
16
Paeiflo system October
ti69,8'20 2.20O-7.
...71
Total of all.. October... 3, 99,43 i''2,975,sl2.
,
.
I
1
.
.
.
.
.
.
!
1
.
So. Par.
RR.
I
(
No. Dlv. (Cal.) Septcmb'r.'
8o. Div. (Cal.) SoptembY
Arizona Dlv . . jSoptemb'r.
New Mex. Dlv Septcmb'r.
Spar. Un, A Col. October..
8tatenl8.Bnp.Ti Novomber.j
!
1
'.
'
SummltBranch
Octolier...
Texas
'2d
A Paeille.
Tol..\.A.&N..M'h '2d
Fol. it Ohio Cent. 2d
wk Deo
wk Dec
wk I>ec
4 West 2d » k Deo
Union Paclfto .. Octolier
Valley of Ohio INovemhcr.
Wab.Weiitcm...l2d wk Dec
Wab., E. of Miss October .
Tol. P.
. .
.
.
.
.
.
.
.
:West Jersey.... October...
Wil. Col.
A Aug
Oetolier
wk
Wisconsin Cenfl '2<1 wk
Chie. Wis. A M. 2d wk
Mlu.8t.C. AW. 2d wk
Penokee Br.. '2d wk
WhcellngAL.
Wis.
A
E.
'2d
Minn.. 2d
wk
. .
Deo
De<i
Deo
Dee
Dee
Dee
157,040
256,030
122,173
55,702
184,431 1.284,620
318.4311 3,937,183
113,183i 1,309,491
9,101
9.910
50,185
118.560
148.610 9.83,1.118
.501,1"
10,177
51,500
288.697
1,58,714
11,949
23.893
20.072
2,934,466
56,793
110,077
679,753
104,208
81,097
16,710
37,945
9,472
8,786
40,-201|
22,6-27
340,478
59.309
803.066
1,088,633
1.164.880
i..t97.939
1.133.856
.50 1.1 -to
03.939
713,776
511.651
.%.0:i:i.i>49
-7
15
l.l>'22.2,
;i>a
913.31'
20,31
2, ,755,134 33,716,309 il..-w..>.21»
370.977
61,106
131,226
601,160
6.204,810
3.763,941
9«',.596
1.371361
604.218
706,634
1,173,7!^
950,461
3.030.747
630.858
489.007
1.474.79«
7.314;
6.760:
4.166'
383,183
l>i.-<.344
73,145
19. '278
31.399
3310.930
357.017
•i'ri.iVa
653
6,361
I
'
.
i
I
1
i
I.
.
.
1-.
pe^
i
.
.
* Mexican currency.
.\nd branehe*.
Attt* deduetinx eaminga paid over «> Icaaed rood* operated on •
ccntage baala.
jeu.
I Not Including Central of HI. J. la olttter
n Including lud. A St. Louto.
;
c
[
Lfttest
Gross
Earning by Weeks.—The
Utost
earnings in the foregoing table are separately
below,
wwkly
ummed np
!HE <milOlVICLE.
^/)4
The ratio of gain still continue.s large, reaching, for the second week of the month on Td roads, 14 per cent. Sixteen of
the roads show a decrease.
2(1
YEAK BEGINNING FEBRUARY
Norem her.
.
f
Bond.
Tcnn. Coal &
15,506j
42.234
264,000
119,497
41,770
41,S53
10,947
580,500
22.078
7,822
61,746
31,920
15,659
14,698
16,780
Callforuia Southcni
Canadian Pacillc
'Central of Georgia
Chioago & Atlantic
Ohio. &KaBt 111
Chicago & Ind. Coal
•
Chicago
Chicago
Mil. & St. Paul.
& West Mich
Cincinnati Jack. <fc Mack
Cln. N. O. & Texas Pac
.
.
Alabama Gt. Southern
JSew Orleans
<fe
N.
E
.
Vloksburg & Meridian
Vicksburg Shrev. & Pac.
.
W
&F.
-Cln. Rich.
7,5 6
43,308
6,445
7,121
1 60,000
22,275
17,556
117,342
4,360
15,392
15,683
28,896
22,050
32,284
37,969
Oln. Wash. &. Bait
Cleveland
Marietta
it
Ool. <feOin. Midland
Den. & Rio Gr.ande
Deliver & R. (iraiidc West
Detroit Lnns. & North...
EastTenn. Va. & Ga
Evansvillc & Ind
Evansvilleife T.
H
& Perc Marquette.
Florida Rv. & Nav
JPort Worth & Denr. City.
Georgia Pacitic
Grand Rapids & lud
drand Trunk of Canada..
tnd. Bloom. & West
Keokuk & Western
Klngstim & Pembroke
l*ike Erie & Western
Ixjiig Island
Louisv. Evansv. & St. L..
l/ouisville it Nashville
Ix>ui.<iville N. Alli. & Chic.
Xrfiuis v. N. O. it Te.x
Marquette Hough. & Out
Meinvhia & Charleston.
Mexican Central
Milwaukee L. Sh. & AVest
Milwaukee & Northern.
Minnesota & Northwest
Mississippi A Tennessee
Kew York Out. & West.
IFliiit
33-<,787
45,053
7,209
3,055
36,016
51.94"
22,259
..
324,035'
-
36,284
71,638
] 2.236
51,647
100,2,50
42,067
19,482
3J.954
17,243
26,328
103.164
294,147
87.873
8,679
1S,223
33,737
195,600
43,351
20,020
71,169
142,112
38,9h3
168,714
11,919
V3,893
20,072
119,077
15,710
37,945
.
AD.
(it
& San Fran
fit Paul &Duluth
Texas itPacilic
Toledo Ann A. & No. Mich
Toledo & Ohio Central
.
& Western....
Tol. Peoria
Vaba.sh Western
Wheeling & Lake Erie
.
Wisconsin Central
Chic. Wis.
Minn. St
&
C.
M
&
Wis. ifeMiu
9,4'
W
Total (73 roads)
Increase (13-87
Net
3,024
1,235
15,5^33
13,412
6.824
24.380
91,055
4,078
13,864
44,104
27,056
12,253
25,622
47,269
358,057
51.822
26,287
282
1,528
1 ,.579
1,840
9,797
0,662
9,300
19.270
6,769
432
6,777
1,347
1,624
"9,639,
6,478
18,210
1,014
9,167
5,856
6,572
13,570
42,.306
15,781
305,825
35,270
62,471
6,380
45,075
86,680;
46,655!
13.9821
15.8271
12,477|
St
L. cfcPlttsb.. Gross.
Net
'Cleveland
<fc
491,217
100,674
33,682
11,138
453,800
191,800
..
Cant on. Gross.
N.t...
ilexioan Central.. ..Gross.
Net...
,
Itonit».
19,127
4,760
4,672
32,008
75,645
8,464
4,226
99,570
Net. .
M. * Atl.Gross.
Net...
221,834
22,084
6,374
Ttfinn. 8U-. St,
Pettrsliurg
Gross.
Net
iHiobmond
..
& Petersb.Gi-oss.
Net...
j
J
Miles op^ rated.
.
—
7,827,107
230
—/on.
1
1887.
Receipta—
»
Ne taming"
7.827.107
1,739,K99
B
and
31,292
5,298
379,902
179,529
.
.
—
4,372,892
747,488
327,719
71,445
3,416,726
1,172,702
to Oel. 31.
—<
1886.
!{S
2,146,157
840,056
3,438,220
1,171,701
1886.
$
31,404
$
28,300
10,351
20,175
0,837
7,674
17,332
8,166
,
.
Oct. I to Jfor. 30.
—
1887.
1886.
$
$
60,898
27,933
39,497
19,889
55,463
22,014
35,907
19,507
327,8'.'8
410,217
32">049
411,653
8,110,066 11,895,985
12,908,432
2,116,725^
3,330,082
1,976,028
3,681,795
3,482.280
3,559,651
4,011,542
3,561,370 J
302,485
7,15y,644
27.';,902
3,129,990
203,954
3,577,132
3,577,13^'
],948,'i28
&
Tot. dlslinrsem'nts 12,790,239
»lauee, suiiilus
2,490,885
deficit
9,063,717 10,823.017
1,072,966
'953 651
19^011
11,338,05!:
1,570.377
The bala DC 3 sheet shows that the cinstruction account haa
been increased $100,000, and surplus $900,000, with no addition
to the funded debt.
GENERAL BALAN E 8EPTEUBEB 30.
—
1887,
1 SS?'.
1886.
Assek
Cost of rOad and equip
$146,,07-1,836 $146,630,632 $147,047,,97:
3,448, 57<
3,469,321
Stock and bonds ol other cos.
472,331
Owuorshiii In other lines, real
6,627 80'
6,607,590
,395,?52
ottate, ito
2,83 f>3'
3,120.072
.861,106
D.ie l>y agfuta and otliers
1,892,,65;
l,470,t-69
,220,221
Supplies on hand
2,lt)3,34B
2,534 ,76'
711,993
Cash on hand
37 ,51
26,038
201,715
Harlem coustructhHi account.
401 .39
404,394
404,394
Eiiuliuueut Harlem line
,74;
128
39,285
West SUorii coustruclion acct.
$162,342,153 $163,961,617 $164,959,96,
Total sssets
LiubiUlk's
Capital stock
—
Kuuded debt
Bonds & niort on
89,428,300
66,424. 33,t
107.000
67.853
S79.H26
9,179
real estate.
Past due lionds
Interest accrued
Interest unpaid
Ri ulals aciriied
Divi.;eud I ayaldrt October 15.
IJividen Is unpaid
Due tor wages supplies, *c...
Due other r.iads, &c
ProUt and
Total
1.
1886-97,
10,055,003
n
5,32o,80»
2,012,747
319,015
457,501
Disbti rsem cuts—
capital stock
$
247,953 2,23.5,005
99,617
873,649
456,617 4,310,560
244,309 1,251,718
10,358
6,132
10,299,354
Total income
188S-86.
9,438,427
1,689,513
1884-85.
9
313 052
419,296
DivUends
1886.
5,284,753
1,368,305
345,161
101,131
4,332,235
1,868,396
100,.502
interest.
interest on debt
Taxes on earnings
to .Von. 30.
$
10,055,003
INCOME AOOOnNT.
Rntalspaid
71,092
9,438,427
5,320,a03
Exclusive of company's freight.
Olherreccipts
12,149
.
2,720
.
ITseof road
3,432
6,546
2,158
1,975
2,101
$
436,202
1887-87.
3,723
1885-86.
3,t88
1884-85.
1883-34.
2,703
11,0'.7,939 12.747.801 14,662,118 16,463.4,53
387,82ii,8b6 4a8, -97,7; 4 476,1 V8,729 528,308,742
Pa-s(-n.er inileage
2-'
cts.
1-94 ots.
lH4ct8.
1-41 cts.
Kate jier pass. p. mile
Freight (tons) movf fl. 10,212,418 1(1,802,957 12,718.101 14,626.954
2704732176
>t!4tf3
Fr'ght (tons)uiile.ige' 1970087115 21378,;4205 24142
0-78 cts.
0-6^ cts.
8^ct.^.
076 cts
Av. ran p tou p. mile,
$
If
Eai-Hbigs
»
$
6,2 -9,639
8,786,124 10,510,472
7,533,213
Pas eng<r
16.434,983 14,702,533 18,476,532 21,143,098
Fieighi
1,009.278
Car teivice
796,056
698,v46
717,938
786,143
Mail and telegraph ..
Kenta
,772
1,266
647,024
575,932
I
1883-84.
1
-yotcmher.
1887.
.
:
2',054
1886.
YKAB BEGINNING OCTOBEB
1,546,854
656,698
123.964.,
38,301
The statistics of traffic, earnings, income, &c,, are shown in
the following tables
ERATIOSS AND FISC.VL RESULTS.
'
17,762
35,969
13,293
10,104
$
5.55,212
1
•
the
1,163
$
Net...
1
$
943.589
382,810
& Hudson Rirer Railroad.
year ending September 30, ISST-yi
The statistics for the late fiscal year have just been issued.
The Central report now includes the West Shore earnings and
charges, and the surplus over all expenses and charges (including dividends paid) is gratifying, amounting as it does to
f 1,570,377, against $1,072,966 last year.
(For
Net earnings
29,000
$
242,173
& C. Gross.
949,278
385,437
1,925,706
692,447
165,990
45,297
ANNUAL REPORl s.
128
Jan. 1
18^7.
& Ga.Gross.
1886.
1887.
247,953
99,617
456,617
244,309
36,997
19,068
25.676,430 21,640,175 28,048.804 32.443,028
Total earnings
Opiraiius expenses.. 17,849.313 16,319.372 Is, 610,377 22,388,623
460
1886.
tan. Ind. St L.
<
.
4,588
1887.
lEast Tonn. Va.
166,813
37,726
Estimated.
*
—
".V,.5bo
.
-October.
1886.
242,173
99,570
555,212
221,834
45,304
20,639
Net...
East Tenn. Va. & Ga Gross.
Net...
KnoxvUle & Olilo... .Gross.
Net...
(t/terutious
Passeugei s carried
1.
Iforembcf.
-Cliio.
& C. Gross.
1,708,
37,640
year.
$
172,658
61,343
^July\loOct.S\.-^\
.
>'ew York Central
600
21,6'
YEAR BEGtNNING JANUARY
1887.
31,292
5,298
Oelober.
498
& St Louis.
Roods.
30.^
1886.
*
216
NetE.irnin!?8 Monthly to Latest Dates.— The tables follovs'
ing show the latest net earnings reported this week, the
returns for each road being published here as soon as received,
but not kept standing from week to week. The first statement includes all roads for the latest month and from January 1, 1887; following that we give the totals for the fiscal
year on those companies whose fiscal year does not correspond
with the calendar
11,138
2,921
1,282
p. o.)
Including Indianapolis
.33,682
Net...
Cin. Ind. St. L.
"
•
to .Vor.
669
16,111
7,812
40,487
5,163
6,623
146,588
4,153,012
&
Louis
7,928
3,093
28,827
18,083
4,728,944
leased lines).
Alt.& T. H., M. Line
fit L. Alt.
T. H. Brchs..
8t. Louis Ark. & Texas...
-*St. L.
fit.
9,181
5(i,818
8,725
6,261
Peoria Dec. & Evans
fittsburg & Western
Eicb.
2.121
1,359
21,191)
iiiton. Gross.
1887,
4,614
63,666
516,831:
,-July 1
1887.
.
1886.
Roads.
i'.580
^
$
,
192
21,656
71,15o
218,302
79,409
4,453
17,763
33,865
166,600
42,188
22,074
53,407
106,143
25,700
148.610
10,177
22,627
20,311
131,226
12,278
31,399
7,314
6,750
4,160
Norfolk it Western
Norlheni Paeitic
Ohio ife .Mississippi
Ohio Kiver
Road.
Cleveland A- C
41,9ti2
39,973
0,333
491,000
1887.
19,096
11,300
15,435
1,624
19,772
61,000
lU.OOl
41,209
42,800
31,143
13,882
22.162
203,000
103,493
Not. ?0 -,
1886.
1.
Iforember.
.
60,905
54,100
46,578
1 lo
1887.
YEAR BEGINNING JULY
$
Atlautic & Paciflo
aJuffaloN. Y & Phila
Buffalo Koch. & Tittsburg.
Oaii-o Vin. & Chic
^Feb.
76,900
Co.. .Net...
I.
1.
1886.
1887.
Decrease.
1886,
1887.
week nf December.
(Vou XLV.
loss
liabr.ltleB
447,142
67,122
2,340,794
2,062,170
10,508,3i2
89,428,300
56,424.333
107,0(0
89 428,301
56 424,331
13,3">5
9,351
1 379,92
1,379,926
7,487
894,283
69,i25
2.410,521
1,753.418
11.473,4j9
107,(X
8,(f
669,75
814,28
31,12
2 298,11
1
324,5Sl
12 3t>5,0d
$162,342,153 $163,961,617 $164,959,9(|
Maine Central Railroad.
CFor the year ending September
30, 1S87.J
ceutum
of the ii
crease of $142,000 in gross earnings is in passenger traffic', tr
freight traffic having suff red severely from the effects of tl
Iiiter-State Commerce Uiw, which went into operation April
The annual report says that nbout
84 per
•<
IIdbobmbkr
34
THE CHRONICLE.
18S7.J
several months we did not f*el
jasMfled urdw
thw law in atterapting to compete with rates by water,
and
this continued until, by the rulitiK of the C.mimi
m,„„.rH rntl
lines were permitted to make ruti-s reasonibly
conipotitivB
t-^-^.o
with those namud by water.
The net reHults. ire about the samn as last year, showinj?
a
snrplua of |81,0U0 after payment of all fixed oharKes <
n,.r
atiDg exponses and two semi nntiusil dividends of 8 per
centum
The expendnu'e* for p«rmanent iinprovoments thw
each.
year are about 1100.000 in fxcess of similar dis»,ut8cm.-ntH mt
year. All expenditures for this jfar have Ijteu charKid
t<>
operatinK expanses, except cost cf land purchas»<l
new
The
lar
iwit in
1
shops and double track from Westbrook Junction to Cumberd Junction.
The operations and earnings for four years have been com-
piled for the
CimoNlCLB
as follows :
OrKRATIOSS AND FISCAL BESITLTg.
1883-84.
1,214.38')
i,ins.2.'io
758,937
788,s50
1,208,101
803,711
624
carrlol.
Ik'i (t»U9)
Krninut —
moved
isscngcr
i'
i'reiglit
Hull, express, &e....
Total gross earnings
Expenses ami taxes.
Neteamlnga
535
$1,0(>5,ij63
882,3i3
$2,839,779 $3,001,076 $3,142,407
1,730,902
1,820,740
1,948,430
$1,108,877
$1,180,336
$1,193,927
INCOMi: ACCOUNT
1883-84.
1884-85.
$1,065,663 $1,108,877
10,421
7,828
1885-86.
$1,180,338
7,400
$1,193.1'27
Total Income
I>Ub n rsem ents
Kental.s paid
Intercut on bonds...
Dividends
$1,076,084 $1,116,705
$l,18(,73fl
$1,202,797
Total disburso's
Balance, surplus....
$1,065,927 $1,106,308 $1,111,708 $1,121,666
$10,157
$10,397
$76,028
$81,131
Net earnings
Otlier receipts.
—
$189,000
661,395
215,532
$189,000
701,767
215,541
1886-87
8,870
$189,000
707,130
215,578
$189,000
717,068
215,598
Longr Island Bailroad.
(For the year ending September 30, 1887.^1
The report of the Long Island Railroad Company
year endiug Sept.
for the
has been made to the State Commissioners. The figures present the following comparisons
with prtviouB years
EARKllWS AND EXPENSES.
30, 18S7,
:
Samings—
Passenger
Freigbt
lUscellantons
GroFS earnlnffs
Expenses and taxes
Net earnings
1883-84.
$
1884-85.
1885-86.
1886-87.
S
$
$
1,759,597
1,807,282
727,913
291,283
1,S78,447
2,020,478
T98.''17
1-34.748
317,508
342,582
I,!j59,505
2,826,478
1,856,351
2,994,772
1,872,325
3.197,808
1,S»9.206
896,727
970,127
1,122,447
1,298,602
720.630
276,005
2,756,232
Not nnniliiga...,,
Fixed oliurgca
.
9i.iHS.ii5g
.
i,oao.«oa
"•^P'"'
the
lOtli
Hi\(>' to
9*
«M«,7M
Cn on
$161,448
k Ohio.—The mUImoro * Ohio
.-:•!•
n*]tlniorc
;
.
.
llnllro«fl
T
I
*'.'»,00i',iii
_
Iki'mIh
are oai^h for
tered, inturimt to
pi
l>e
the agemy <,f iiio ocitn|>any in
free, and the principal on Feb. 1, 1P88.
golii at
lo tlie N. Y. State
pern
1,351.077
$I,1S7,413 $1,190,074 $1,264,852 $1,384,221!
1,475.815
1,50J.458
1,585.41)4
l,.5liO,(!H7
14''.247
14X,115
160,760
158,494
1,7.>0,710
»•»••.
"i^^
,
18l»6-87.
t35
$2,S10.3?3
\mM-7,
ramlnKH
'iM'rutliig i'>|Hiuaui,,
I
New york Ux
Brooklyn Eloratcd —The report
las.S-flS.
—
l*:is-^t'ii;;fr8
rirram
.10
18S1-85.
Mllos opeiutod
Op ratiomt
'
855
'For
1887.
INCOME ACCODNT.
for the year ending Smt
CommiaBioaera k>vm the followinu:
li.K .-.M'tiises
SUIO-T
i,Mta
I'Mxedrlmrgm
l>eUoit for year
_"
Cairo VInrenneg
months of
ft
SsiJoi
Chics|70.—Tho Htatomont for the
first
year. May 1 to Oct. 31, published in
the CiiBONiCLE of Dec. 17, waa slightly erroneouH. The correct figures are as follows:
SIX
llio
fiscal
1«8«.
hamlngs
$.tlo..l77
UiMu-uUiig expenses and taxes
Surplus
UeutalB
.."....
,...
.
243,825
207,770
«16<),5.'52
$104,484^
&,781
5,781
Net tor 6 months
$160,771
Operating expenses and taxes per cent
R welvcrs' certlflcates
Wubaali Cairo division bondH
8 coupons, Inuludlng January
1,
908,70
IH>>s9(
TIXt
,""
16167
8,85700000
1888
'..'..'.'.
Total
Mflfl
'77t',40U0u
$5,294 isefar
California & Orfgoii.— This railroad is compleUd. Th"»
driving of the golden spike marked the completion of direct
railroad communication between Portland and San Francisco,
the chief cities of the coast from Seattle to San Diego, a di»>
tance of over 1,400 milei.
Cedar Falls & Hinnegota.— The hearing
& Sioux
City (Ceoar Falls
&
in the Dubuque
Minnesota) case has been p.«t-
poned until January 10.
Central of tieorgla.— The Plant system of railroadsand th«
Georgia Central Railroad have formed an alliance, which vir-
two of the greatest railroad properties ia
the South. This arrangement secure-i to the Ooan Steamship Company of the Georgia Central Railroad all the f lorirla
freighis which the Plant system can furnish at Savannah.
New directors of Central Railroad will he S. M. Inman and'
H. T. I"min of Atlanta, Ga., and W. Luttgen of Augost
tually CO isolidates
Bjlmont
&
Co.— Boit.n News Bureau.
Central of New Jersey.—The reoeiveni give notice that all$
past due coupons of convertible debenture bonds will be paid
Net earnings
896,727
970,127 1,122,447 1,298,002
on and after December 3Ut icst.
Deduct —
Interest, less int. received.. 190,877
176,358
233,179
203,195
Chicago & Calnmet.—This railroad company of Chicago baa
Eeutals
287.«i98
297,560
304,063
412,372
placed a mortgage upon its entire property amouniing to
Dividends
400,000
400,000
40.',000
400,000
Miscellaneous
31,564
48,198 $7,000,000. The mortgage is given to the Central Tru-t Company of New York, as truiitee, and Frank H. Tuthill of HamTotal disbursements... 878,575
90.'>,482
937,242 1,063.765 mond, Indiana. The mortgage covers, bf'sides the five miles
Surplus
18,152
64,645
185,205
234,S37 of track already built by the company, all the latter's real
estate, pi-rsonal property and franchises. The present purpose
Bicbmond Frederictsbnrs & Potomac Railroad Co.
of ihe company is to bui.'d about 55 miles of road additional,
fFor the year ending September 30, 1887..^
for which a portion of the abjve $7,000,000 bonds will be issued.
The repcrt states that "out of the net profit a dividend of 8 per
Chicago St. Lonig & Pltt^barg.—The grogs and net eant>
cent was paid to common slockholders on July 1, 18S7, and
November and for the eleven months^
the board proposes lo pay on January 1, 1888, a dividend of ings and charges for
Jan. 1 to Nov. 80, have been as follows:
3J^ per cent additionel. "Something more than sufficient to
»
Jan. 1 loXor.30.
S'ovembrr.
pay this amount of dividend has been earned, but we mu-st
1-80.
1887.
1886.
1887.
bear in mind the fact that the year just closed has been an Oni.ss earnings
$494,217 $130,202 $5,2.><4.753
$l,372.8t>a
335.700
3,916,418
nousually prosperous one, and ihat the expenses of the com- OlwratiuR expenses.... 393.543
3,629,404
ing year will be increased by the necessity of aiding three
$100,674 $10O,.'>O2 $1,38.8.305
Net earnings
new engines and some additional cats to the equipment of the Charges
109,711
1,107,063
90.938
1883-84.
1884-85.
1885-86.
1886-67-
.
,
II load.
" Since last annual report the new station and offices now
jOccupied by the company at Byrd Street, have been comIpleted.
The total cose of the one-halt interest owned by
vnur company in the property is 191,814. This has been paid
thout addiLg to the Debt of the company, partly out of
riings and partly by the sale of the old depot and otiices
,
i
1
Broad Street."
The earnings, expenses, &c., for two years were as follows
1
RS
,
earnings
.rating expenses
Net earnings
Deiluct
•iT,!8t
—
:
$.537,.S22
271,536
283,s86
$233,976
$2>3,t)36
$50,369
34,835
$18 434
$-«5,204
«r-o.3n7
(83,260
iuranteo dividend
$14s,672
Balance applicable to dividends
34, '535
GENERAL INVESTMENT NEWS.
Albany
Indlanapalis
Cincinnati
to the State Railroad
year ending Sept. 80 shows the
& Sasqaehanna.—The rep-^rt
"ommifsioners lor the
ol lowing:
fiscal
St
Loaia
ft
gross and net eai nings and charges (oc October
to October 81 were as below given:
Oclober.
.
on bonds
d()f.93fl0,90»
pany and President W. R. McKeen dil not oome up as was
expected. Tne order of the C <urt restraining Mr. MoKeea
from disposing of the stock at issue waa continued until farther notice. It is intimateJ that a compromise will be reached.
1886-7.
1885-6.
$50.5,412
$261,242
$9,736 dcf.$0,aO0
Balance
Cincinnati Hamilton A Diiyton— St. Lonis Tandalia ft
Tcrre Haate.— At Indianapolis, Di.'c. 22, the Vandalia litigatioQ
between the Cincinnati llamilton & D.iyton Riilroad CV)a>-
1887.
.
1886.
Chicago.— The
and Irom July I
.-yfult 1 (0 Oel. 31.4 MO*.-*
18K7.
I8M.
9243,173
147,602
...
«247,)).->3
$!)II>.2T8
9MS,M»
1 53,251
5H3.t«4U
b80b4a9
Net earaings... 904,571
Fixed obances, teas
934*3.190
GroHS eunlnga
Op. ex. and taxes
uiim-el.
toooaie ....
gnrplim
(ieYeland
ft
$04,702
$3«>5,43S
33333
47,93S
133,383
191,709
961,238
946,777
9333,106
9t71,4M>
Canton.—The Bi«ton ^rro/'^ rrmarks: 'Tne
net earnings for the year will he about $110,000. The roadbed has now been prepared for fctandatd gangv rai:s except three
-
[VOU XLV.
THE CHRONICLF.
856
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 increase in securities is on account of branch Hue construction.
While the branches call for the issue of Central Mexican
stock and bonds, these are to be eventuilly converted into
Mexican Central securities. The company has recently buil;
Columbus Hocking Talley &
i-leas
Common
Dx;ember 23, Judie Evans, of the Court ofinjunction in tne 58 miles of railroad upon the Guadalajira division, graded
an
25 miles more, and done some work upon the Tampico
refused to grant motion to dissolve
& Toledo Railway some
division.
SLrof thf Columbus Hacking Valley
of
acts
the
that
against Burke and others holding
Minnesota & Dakota.— A dispatch to the New York Ttmes
stock of the
" The contract for the grading of the Minnesota & DaBurke and his associates, owning all the capi;al
says
issumg
ctors
dirf
railway company and electing themselves
Railroad has been let to Job Voak, of Massachusetts, the
kota
^uy
mortgigebonds and using the proceeds '«
without material
J^^^'^f
of survey as made last month confirmed
Notice
were void.^'"^^
selvM and others a mining corporatio n
change, and construction arrangements so far perfected that
Burke.
Judge
spring. Terma bill of exceptions was given by
little remains to be done before the opening of
is practi* The grading
Duluth South Shore & Atlantlc.-This railroad
minal facilities have been secured in Fargo. *
eastern
the
fifty miles of
let is for a single track from Fargo, 152 miles
cally completed. Two hundred and
year 1887 as contract as
^rtion of the line have been operated during the been about due northwest to a point 15 miles west of New Rockford, m
have
Wells County, passing through the three established towns of
a local road, and its earnings to Dec. 21
including any traffic
ll ,500,000 gross, and $660,000 net, not
Ottawa, Sherbrooke and New Rockford, to reach the Missouri
a
as
opened
when
disThe line,
derived from construction.
in the spring, and to have the road in operati m the entire
grades
"naximum
Through line in the spring of 1888, will ^aje
tance in time to move next season's crop. Vice-President and
any
by
feet
to
80
of 53 feet to the mile, as against grades 78
Secretary E. H. Cutler has gone to Wilbraham, Mass., and
Daluth east, it
other line from St. Pau\ Minneapolis and
will conclude the financial adjustment of the company imwith
in
1887,
as
wiU have the same sources of local business
mediately."
through
the
also
and
the addition of the Oogebic iron traffic
Minneapolis & St. Louis.— .Dom, Jones & Co. say that a
business in grain, &cc.
was held Tuesday, in Minneapolis, to decide whether
meeting
informei
Eastern (Ma8S.)-At Boston, D c. 22, Juige Devens
should be borrowed to pay the January 1 interest on
money
the
Heretofore, this
counsel fori Dwi^ht Braman and other stockholders that
Minneapoli* & St. Louis income bonds.
others who
It was decided to default on
court had issued an order to restrain D. Foster and
interest has always been paid.
of
the
were elected directors at the recent annual meeting
in January. One of the provisions of the
such time the interest due
defaulted two
Eastern Railroad Company from acting as such until
is that interest on these bonds must t)e
bonds
the
to
raised as
as the court can pass upon the questions
years before foreclosure proceedings can be begun.
K
draw
for one of
for a new
bridcea and a coatract bai been let
the road thiB
Some $84,000 has been expended upon w>'l.»e »eaay
everythmg
fell and bv Spring or early summer
company has not sold its bonds,
for standard gaugf raiU. The
but may do 80 at any time."
Toledo.-At Cohimbus, Oh.o,
a"^
&any
'
:
,
legality of the elections.
Minneapolis Sault Ste. Marie &:Atlantlc.— The first train
Haute & Indianapolis.— Articles of
over the Minneapolis Sault Ste. Marie & Atlantic Hallwent
road
proposed
The
Indiana.
filed
in
incorporation have been
from Minneapolis on the t6Lh. The International bridge
way
miles.
of
distance
73
a
Indiinipolis,
to
•will run from Sullivan
finished and connection with the seaboard completed.
The capital stock is $1,000,000, of which $986,000 has been sub- is
remammg
the
EvansviUe,
of
Mackoy,
J.
cribed by Mr. D.
New York & Canada. The report to the State Railroad
of EvansviUe and Commissioners for the fiical year ending Sept. 80 shows the
f 14,000 being divided between 14 others
EvansTlUe Terre
—
New
York.
Flint & Pere Marquette.- Arguments were heard at De- Gross earnings
$772,664
*828,970
'i/ i,jii.
ot- s./jn
troit in the United Slates Court this week on a m-ition to Operating expenses
Marquette
Flint
the
&
vacate the restraining order preventing
$301,0!>3
purNetoaniings
contemplated
their
Railway Company from completing
2tiS,787
*|fisoqo
.ib»,o. )u
Fixed charges
chase of the Port Huron & Northwestern narrow gmge railin
force
remain
*32,305
to
the
order
'"H^'-OSl
way. Judge Brown decided to allow
Surplus
until he has had time to prepare a written opinioa in thecasi.
N
T & Northern.—Messrs. Maitland, Phelps & Co. have
common
the
for
victory
a
This is regarded in the light of
from tlie N. Y. & Northern Railway Co. the balance
purchased
that
the
mean
to
understood
it
is
stock holders of the road, as
issue of $1,200,000 5 per cent 1st mortgage gold bonds
of
the
case
can
the
time
such
a^
until
force
injunction will remain in
Northern to
of that company. The report of the N. Y. C. &
be heard upon its merit^.
Railroad Commissioners for the year ended September 80
the
road
are
Huron
of
the
purchase
proposed
—The terms of the
shows the following:
the purchase of all the outstandmg stock and bonds of the
^^^^^
^^^^^^
$523,351
company by a 5 per cent bond of the Flint & Pere Marquette Grossoamings
ii^.^,a
4i><,H4,a
*fj.3|0
Flint
road
of
the
fixed
charges
the
expenses
increase
would
Operating
road. This
by about $125,000, and the Huron road earned $1 15,000 last year.
^"l'??!
S^CA^Sl
earnings
Net
ff
Honsatonlc— At the annual meeting held in Bridgeport, Otlior income
resolutions
and
elected,
was
directors
of
board
Dec. 16, a
ffiJ-^M
Grossincomc
^W}]^
o,15o
road
connecting
of
the
branch
22
that
a
recommending
Jo4.120
adopted
Fixed charges
the towns of Ncwtown and Derby be builr, for the purpose of
$142,928
$159,391
Defloitforyear
making a direct connection with the New Haven & Derby
&
Railroad. The annual report showed the receipts for the year
New York & Rock away .—The New York Woodhaven
to have been $982,549; the expenses $581,260; net earnings, Rockaway report for the year ending Sr-pt. 30, 188i, shows:
other income
$401,283 surplus for the year, $89,136. The new board of di
Cxross earnings, $140,212; expenses. |11'7,809;
rectors elected Mr. W. H. Starbuck, President, in place of Mr. $457; charges, $34,241; deficit up to Sept. 30, 1886, $174,565;
Wm. H. Barnum.
deficit Aug. 31, 1887, $185,945.
Indianapolia
Decatur & Springfleld
Indianapolis
Orange Belt.—This railway company of Florida has just
Decatur & Western.— At lodianapolis, Ind Dec. 22, the completed its connection at Macon with its western section,
full
reorganization of the Indi mapolis Decatur & Springfit-lJ road which now gives it over 100 miles of completed road
under the name of the Indianapolis Dacatur & Western operation, and by the 25th of this month the cars will be runroad was perfected and the new company elected the following ning into Tarpon Springs, making 118 miles of completed road
di'ectora for the ensuing year: John D. Peobst, New- Jersey
The entire line wiU
in operation out of a total of 150 miles.
Hiram Hitchcock, Ht>nry B Htmmoml, Horace L. Hitch- be completed by Feb. 1.
cock, Steven H. Thayer, Charles C. Allen, Thomas B. Atkins,
Quinoy Missouri & Paciflc—The daily Commercial BulU
John K. Warren, New York; E F. Leonard, Illinois; John R.
& Pacific Railroad, formerly
Elder, Robert B F. Pierce, Indiana. Under the reorganization tin eajB- "The Quincy Missouri
and over which the latter
plan no reduction in the amount of bonded debt resting on the operated as a division of the Wabash,
is to extend its track,
road is made, but an effort is being made to induce the holders road sends a large amount of business,
line from the Missouri
of the first mortgage bonds to accept 5 per cent interest on those which will transform it into a through
Illinois and Indiana.
bonds, which amount to $1,800,000, and which now draw 7 River through the States of Missouri,
The lineu
fact.
This extension, it is ttated, is an assured
per cent interest.
Missouri & Pacific now runs from theJ
Qiincy
the
of
of
annual
meeting
the
At
the
stockLehigh & Hudson.
and<
Mississippi River at Quincy west to Trenton, Mo.,
holders of the Lehigh & Huison Riilroad Company, held at
southwest to Leavenworth. The present plan is to!
thence
was
elected
President.
Mr.
Grinnell
Burt
Broadway,
161
No.
from Trenton to St. Joseph, a distance of about 801
According to the annual report the gross earnings of the road build aline
This would give a fairly direct line between Quincy and
for the fiscal year are $241,431; operating expenses, $142,625; miles
and would bring the Quincy Missouri & Paciflc
net earnings, $101,806; interest and taxes, $94,647; and net St Joseph,
Joseph Cominto direct competition with the Hannibal & St.
income, $7,159.
pany The distance by the latter line from Hannibal to St. JoManhattan Elevated. An advertisement of the call for a seph is put do wn as 200 miles, and the friends of tlie Quincy Mismeeting of New York Elevated stockholders Jan. 10 says it souri & Pacific claim that their line from St. Joseph to Quin^
is to authorize the issue of $15,000,000 bonds, $8,500,000 to
termini of tw
will be only 6 miles longer, although the eastern
take up present firsts, $1,000,000 to take up present debentures, roads are about forty miles apart. The Quincy Missouri S
equipment
and
real
estate,
and
|4,000,000
funds to w
$1,500,000 to pay for
Pacific people are reticent about the source of the
for future use for new road and equipment. Dow, Junes <£• Co, employed in the proposed construction, but it is stated by f
backing an ex
Mexican Central. Of the securities of this company the reliable authority that the game parties who are
Beardstown, III.
New York Stock Exchange listel last wee'» $1,709,000 first tension of the Ohio & Mississippi road from
mortgage 43, making $42,879,000 in all; $341,000 incomes, to Quincy are furnishing the necessary funds."
i
-
;
]
i
|
'
i
,
i
^
j
\
I
j
I
;
[
—
,
j
m
I
i(
j
^
—
—
—
Dkgkuber
Rfiisselaer
&
"
foUowrg?
THK C Hh ON UM.F.
34, IHS7.
Saratoga. -The report to the State
Rallro«l
'
*2 400 a<v7
Hwratlug cxiHJUHcH
I
•
NRtcaniiiigH
itUcr
S^eCommtttcwI limes.
"»°'"y«"endinKS^pt.80.h^.?h;
(iroBH MiruiiiBH
"....'
lucome
IflHB-n.
COMMERCIAL EPITOME.
*'J.UUU,301
i',!Io7'^l
iHiHl" M»<t
'^,.^34
0,54S
IpOllM.ftsi
ami
86T
Ab
FWDAT
...
NiaUT. Doc
38.
Vm.
usually th« COM at thU MMon of tb«
yew. th« omt
iiipiiis
ipproach of the holidaya ia wen in all
mtis ^i"!
ipi,(MW,y(i'.>
oommercUl drcki.
.•.•.;
ixcd t.h.vrgC8
jjosalbso
Regular trade la limited to urgent need*. A*
OMararee for tU
"•'''"'i'«
Dcf.*141,00!i
Hiir.ifll.Noo radnction of taxation are diaouaaed, and the opinloa
of tba
Richmond & Danville.—At Richmond, Va., Dec 31 the ooantry ia drawn out on tbia topic, the proapecU for
tha pas.
ineetitiK of the Richmond & Danville Railroad
sage
of aome meaaure to that end aeem to
Co. was held
improve. Very
he annual report of the President was submitted and
referred severe weather haa been experienced
west of the Uiasiaaippi
a committte consisting of Messrs. Sully. G. T Stone J II
Hiver, caasing the loaa of many Uvea from frecziBg.
liiman and J. A. Rutherford, to be printed and distributed
"and
It will probably be given out next week.
The speculation for the riae io lard culminated early in th«
The stocfeholders elected the following board of direct- week, and valuea have
aince been variable and ucsettled,
-"•«*-'•
°- ^- ^'''=«' Samuel Thomas,
closing to-day at aome further decline. Lard
V°?'
on the apot haa
John ti. Moore,*''V''1?^*t'J'='^'
John H. Inman, Charles McGhee. Samuel
Inman, GporKe F. Srone. J. II. Rutherford, EmanutI Lehman" not maintained the beot prices of the week, and cloaea dull at
7
John S. Barbour and J. C. Maben. The new dir. ctors oriraa-'
-TSc. for prime city, 808-lOc. for prime to
choice Waatem,
iztd by the election of Georue S. Scott to be
President of the 8c. for refined to the Continent and 8-2.'ki. to South America.
company in place of Alfred Sully.
Some Western dealers are oalllnK attention to the adulteration
Richmond & West Point Terminal—The board of of refined lard with cottonseed oil.
directors of the R. T. Company was reorganized by
the
DAILY CLdSINO PBICU Of LARD PCTUKeS.
lection of Jay O, Moss, James Swann and Edward
Lauterach, to take the places of R. T. Wilson, John Rockefeller
and January aellvnry.. 8'U
813
HOO
8-05
W0«
K. P. Flower, resigned, and the board adoptei a resolution
Fobriuiry dellv'y.. 8'17
8-10
Sl.'i
»12
«10
recommending to the new board of the Richmond & Danville March (IfiUveiy.... 8'27
8-27
8-22
S-20
818
8'IS
April delivery
8'3."i
8-34
8-21>
8-27
8-2.1
Company about to be eltcted that George 3. Scott be chosen May
8-20
delivery
8-41
8-41
8a7
8-31
8-3t
8-27
their
as
president.
June delivery
8-40
8 48
8-43
8-40
>i-37
8-33
ii
I
I
'
'
M
t^
of creditors of the firm
Grovesteen
Pell, to
has been entrusted the preparation of a plan for the ccmpletion of the road, have
reported. This ia the second plan prepared, the first one,
wiiich provided for the retirement of the first mortgage bonds
an issue of preferred stock and for the completion of the
ad by a mortgage for |100,000, having failed of success by
ason of the opposition of the holders of six of the first mort:ge bonds.
Thirty-two miles of the road remain to be contiructed, of which about 26 miles have been graded. The
work is now at a standstill, and the roadway rapidly deteriorating.
The early completion of this gap in the line between
Rome, Oa 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, who has been authorized by the Alabama Chancery
Court to issue receiv, r'a 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 succetaful negotiation of the receiver's certificates is therefore, in
a measure, dependent upon the assent of the first mortgage
bondholders. 7 he plan now propo-ed makes the creditors'
comniittee a committee to complete, foreclose, purchase and
reorganize the road, by the issue of receiver's certificates upon
Uie terms above stated. * » * The absent of the holders of
75 per cent cf the outstanding bonds of the company is nec?ssary 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 boad^, and expects unani-
&
8-50
J'lly delivery
Rome & recatur.— The committee
of
whom
..
,
8 .'50
8-4»
8-44
8-41
8-37
Pork has been in good demand, but closes dull and weak;
new mess $15 50(§|15 75, extra prime $13 and clear f 19@$ia.
Cutm^ats are without decided change in value, closing dull;
pickled bellies, 7^@7?^c.; shoulders, 6;^(a7c., and hamK,
93.i@10c.; smoked shoulders. SJ^c, and hams. \\\^% U^^o.
The Cincinnati Prv-e Current of Dec. 32 says: "WhUe the
past week has further widened the difference in the packing
this seafon as compared with a year ago, the decrease haa
been less maiked than the preceding week; the ten leading
points have fallen 94,000 behind corresponding week last
year, and all points about 100,000 hogs. The aggregate packing from November 1 is now about 3,535,000 hogs, against
ago— a decrease of 275,000."
quiet and nominal at 18® |8 35 for extra mesa, and
$8 50 for packet per bbl., and $13@$15 for India mess per
3,800,000 a year
Beef
tierce.
is
Beef hams are steady at $17 50 per
4 5-16@4J^c.
Stearine
bbl.
Tallow firm at
quiet at
8>i@8%c. Oleomargarine is
quoted at Oi^QOPgO. Butter ia quiet at 30® 33c. for creamery,
the outside figure for Elgin fancy. Cheese is more active for
export; State factory, full cream, 10@12c., and skims, 43 9o.
Coffee on the spot has been quite active for all growttia
throughout the week, and the close is strong, with fair oargoes of Rio quoted at 18?^o. and sales at 16 '^c. for No. 9
also Java at 19@32c.
The speculation in Rio options waa at
is
buoyant prices until yesterday, when a sharp decline took
mous assent,— Com?nerijiQ I Bulletin,
place, followed to-day by a partial recovery, closing with sellSan Francisco City Bonds.— The Supreme Court of Cali ers as follows, for delivery in 1888
fornia decided in favor of the validity of the Dupont Street •I""
10 35c. May
IGlOc. Sept
1510a
.16-300. June...
bonds, etc., and but for a writ of error from the Supreme Feb
16-05e. Oct
14-7Sa
March
16 25c. July
IS-?.^. Nov
"!l4-«8or
Court of the U. S. the taxes would have
•
I
been collected,
coupons paid, etc., but the 'ast 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 says: "At
Koanoke, Va. during this week the Master's report in the case
(jE the Shenandoah Valley Railroad Company has been before
Judge Blair.
Numerous counsel were in attendance and
argument on the various questioLs at issue will piobably take
" rest o ftlie week. It is understood that the principal coLtenn will be between the first mortgage bondholders and the
iiijJders of the general mortgage bonds, who claim the iseue
of $1,5110,000 first mortgage bonds in the hands of the trustee
of the general mortgage.
These bonds, It is said by the first
inoi tgas^e Londholders, have never been legally issued.
The
proposid ItasB of the Shenandoah Valley to the Norfolk &
\Vi stern provided for satisfactory settlement to toth classes
of bonds, but since the refusal of the Norfolk & Western to
"ceed further cith the guarantee, the fight between the two
-3( 8 of bondl .olders has become bitter.
The lease of the
t ouenandoah Valley by the Norfolk & Western, which has
(been dropped, provides, among other things, for a sufficient
amounj of money to put the Shenandoah Valley Road in good
working order, as the earnings of that road did not sulHce
for that purpose. "The receiver has therefore been compelled
to issue additional certificates and will probably have to iseue
more."
,
^"For
other Investment
News
jUaceUaneous News," on a previous
see "
i.age.
Commeniul and
Aiull
16 15c.
I
Aug
10-350.
Dec
14-«0^
Raw sugars have
been dull at 5}^c. for fair rtflnhig Cuba
and 8 ?gc for standard centrifugal, and lefined sugars do not
fully sustain the late advance.
Molasses steady but quiet at
31c. for 50 degrees test to arrive.
The
<.
ffering of teaa
was a
moderate one, and prices were well sustaimd.
In Kentucky tobacco there has been considerable done on
Regie account at full pricea. Seed leaf has been more aotiva
at full prices and sales for the week are 1,720 cases as foUows:
1^
150 cases 1881-85 crops, Pennsylvania, 9c^l4c. ; 150 cases
crop. Pent sylvania, private terms; 320 cases 1880 crop, Wisconsin Havana, 7@10o.; 100 cases 188S crop. Wit conain HaTana,
private terms; 260 cases 1886 crop, Ohio, 7>^(3 9c. ; 300 cases
1886 crop, Dutth, 9@10c.; 150 cases 1866 crop. State HaTana,
10r<216c; 150 oases 1886 crop. New England Havana, 18<§83c.,
and 300 cases sundiiee, 7(S 38c.; also 400 bales Havana, OOA
$1 05. and 250 bales Sumatra, $1 403$1 75.
On the Metal Exchange the speculation has in great degree
subsided. To day ingot copper was dull and weak, closing at
17-70O. for January and 17 8oo. for Febiuary. There was some
business in Straits tin at 33-?5<§3S-40c. for April, closing at ths
lower figure. Lead ia nominal at 5 05^5'10 sad tpelter
Manufactured iron at Philadelphia shows some revival of
business at lower prices— said to be under Sc. for bar and
about S^gC. for niale per lb.
The speculation in crude petroleum certificates haa been
brisk, at advancing prices, closmg at 83,1^0 SS'^c, the highest
figures realized in a long time.
Naval stores are easier at 37^c. for spii its turpentine and
$1 10 for good strained rosin.
S^a
CHRONICLE.
THF.
858
CO T TON.
Hon.
Sai.
Wed.
Tiies.
Thurg.
2,215
2,091 4,019 3,451
Indianola.&c.
New Orleans . . 12,269 17,280 14,803
1,777 3,148
Mobile
1,181
Florida
SaTannah
4,715 6,757 5,163
<Jalv68toii
2,522
8,084
1,606
7,866
1,227
3,727
3,921
Brun8w'k,&c.
4,042
2,990
<Jharle8ton
Port Koyal,&c
^Wilmington
Wash'gton, &o
Norfolk
WestPoint.&c
:K6wYork
Baltimore
Thlladelphia,&c
2,530
4,491
2,987
Frl.
Total.
1,607
15,905
7,934
1,863
1,529
4,626
1,500
2,535
On Shipboard,
2,409
1,017
706
703
881
604
196
2,397
1,200
1,776
3,850
2,843
3,398
2,666
4,134
2,607
4,439
7,029
407
46
444
761
248
1,874
1,583
1,545
679
605
1,370
375
410
337
449
Xcw Orleans
J)cc. 23.
Since
Since Sep.
1, 1886.
Thit
Week.
102,867
125,132
68,236 1,121,351 110,373 1,015,01'
10.802 147,066 17,185 146,581
14,377
1,529
18,555
1,367
28,909 686,053 35,587 626,956
1,500
43,248
1,224
21,731
19,581
321,531 15,076 312,171
164
10,237
552
12,935
6,320 147,323
6,198 111,726
19C
200
3,718
3,141
20,092 342,903 25,052 381,814
17,928 342,619 20,105 212,526
4,975
16,791
7,244
41,147
2,930
40,415
5,544
28,074
536
8,372
212
19,879
3,256
14,584
774
18,684
372,929
47,722
3,573
148,442
398,103
39,467
65,900
60,038
531,930 35,752
Mobile
Florida
•Savannah ...
Brunsw.,&c
Oiarleston
.
P.Eoyal, &c
Wilmington
Wash't'u,&c
-.Norfolk
W. Point, <tc
New York
Boston
•
Baltimore
..
PhU'del'a,
Ac
Totals
;
18,977
52,376
9,143
160,116
16,000
14,286
23,658
58.735
5,121
197,555
10.500
13,191
15,407
Galvest'n, <&c
New Orleans.
MobUe
Savannah
...
Cliarl6st'n,&c
W lm'gt'n, &c
l
fforfolk
W't Point, &c
All others
"Tot this week
1886.
1887.
15,905
68,236
10,802
28,909
19,745
6,516
20,092
17,928
14,726
20^.859
85,752
110,373
17,185
35,587
15,628
6,398
25,652
20,105
16,365
283,045
1882.
30,330
97,205
14,195
27,481
17,663
3,149
26,251
9,672
14,170
16.367
86,518
14,749
22,335
18,968
2,200
17,170
15,164
14,422
24,402
87,371
11,921
25,329
11,036
1,973
16,248
7,614
15,792
32,484
85,963
17,009
29,879
20,716
5,052
28,295
6,784
25,741
201,686
28,020
225,438
813,819
67,020
55,950
22,448 310,617
28.210 233,288
750,356
823,761
—
—
—
Ordinary
Ordinary...
6i" d Ordinary
•J'rict G o<l Ordinary.
Middlms
fillet
Low Middling
[non. TnoB
l^at.
»>
.V
7%
7%
8H
8 '4
,
Valr
GULF.
Sat.
.9
n>
8%
9°18
8%
1
Ohe
95r
9»,„
7%
8J4
10%
101,«
10»8
lOTg
11%
11%
12^8
KIonTnes Wed Tb. Fri.
7Ts
778
71»16 713,8 7%
8>4
8%
85,8
85,8
8%
9I4
9>4
9^16
9-']8
»••',« 9%
9%
91^
I
1
t
loV
lOU
Middling.
Low Middling
103, g 10»,«
"""
10%
10%
Middling
OODd Middling
Middling Pair
11
III4
11
llfis
UN
Fair
1214
12 >4
:4(iod
Stt ic
STAINED.
3tnoe Sept. 1 3796.726 3519,1 80 3417.390 3.537.441 3416.350
3461,462
Qaivestou includes Indianola; Charleston incliid(^s Port
RowiIT^o": fJood Ordinary
WUmlngtonlucludc8Moreh'dClty,&c.;-WestPoiutlncludesCityPoii;t,X! Strict (iood Ordinary
Low Middling
for the week ending this evening reach a
totai Middling
?^P?^^*
of."^oS
133,614 bales, of which 75,475 were to Great Britain 13 887'
to France and 45,252 to the rest of the Continent. Below
ai-e
^ the exports for the week and since Se ptember
1, 1887.
758
Sh^
9%
1
Fri.
1
9i:i,«
.
MiddliU!^
251,923
7''8
Strict
G'Mirt
Strict
71I16'
I
I
Low
9a«
Wed[ Th.
loie
10% 101,fl 101, 10
1039
10',, 10",6 10%
IO61J
10»g 10!>8 10«,a lOK,. 10%
10^8
lOl^ijo'lOISii 10%
lO's
iiig
11% lUia lUho 11
llJa
11% 117,8 |in,„ 1138
12^8
12% 12',6 121,6 12
,
..
Ordinary
Ordinary
Strict Good Ordinary
H-'l«
9%
9li,fl
MMdlli.2
Joiirt Middling
Strict Good MlddUng...
Vliddllug Fair
ilrdinary
711,
!)-<lB
,
1883.
52,240
4,,500
305,959
28,722
48,700
121,642
52,899
30,376
149,616
75,905
unexplamed fluctuations have bjen
feverish,
Strict
we
1884.
207,893
and
UPLANDS.
1,039,257 1,060,973
1885.
240,166
121,989
—
">>w
202,859 3,796,726 283,045 3,519,18
In order that comparison may be made with other years,
give below the totals at leading p orts for six seasons.
JUceipts at —
-
300
20,184
84,416
27,139
"short-',"
118,147
2.061
25,616
1.36,733
13,471
5.000
None.
None.
66,970
19,000
17,200
26,800
49,908
22,000
lO„500
13,000
1,500
the rule raher than any nuiked depress on.
The nearer
«pproximation of Liverpool values to our own was ih^ cause
on Fuefday of some selling there and buying here. On Wednesday, the accumulating stocks caused d^presiiion in the face
of a batter Liverpool report and reduced r.-celpt8 at the portJ.
To-iay the small general movement caused k bripk demand to
cover contracts, upon which a marked advance to >k place,
but the change from last Friday is ver? slight. Cjtton on
the spot was dull and on Tuesday quotations were reduced
l-16i'., but today thera was an advance of l.^c.. m'ddling
uplands closing at 10%c!.
To-night the Cotton Exchange
a"j lurned to the morning of the 27ch.
The total sales for forward delivery for the week are 557,200
bales.
For immediate delivery the total sales foot up this week
1,039 bales, including 52 for export, 987 for consumption,
for speculation and
in transit. Of the above
bales
were to arrive. The following aie the official quotations for
each day of the past week Dec. 17 to Dec. 23.
In(l'nola,<&c
'New Orleans.
119,562
3.549
in cotton for future delivery at this market
has rather lacked spirit in the week un'ler review, the operators for a rise not having shown the stren-jth and confidence
which was expected in view of the marked reduction in the
receiDts at the ports, not only in comparison with recent
weeks but with the corre.^ponding period of last season. A full
interior movetnfnt, increaeing stocks at Snu'hern markets
(showing now a large accumulation), a falling off in exportf,
dulness in regular trade and disquieting political intelligence
from the Continent, have been obsticles to the speculition
fr.T a further rise in values which seem to have proved effective.
Yet few bears have had the courage to put on linfs of
536
552,388
15,905
1887.
Total 1887
Total 1886
Total 1885
700
939
Stock.
.
,
^o'"'-
The specula'ion
3,256
1886
1,
None.
3,.500
Other ports
196
1887.
Week.
Qalveston
3' p.
21,777
None.
2,200
10,000
New York
Stock.
1886.
1887.
ThU
wise.
None.
None.
None.
Galvcaton
Norfolk
For comparison we give the following table show ing the week's
total receipts, the total since September 1, 1887, and the stock
to-night, and the same items for the corresponding periods of
last year.
to
^"'-'-FTetSn
17,051
None.
8,000
4,100
13,089
None.
7,000
3,000
Savannah
_
Coast-
24,593
19,000
5,500
17,500
22,469
17,000
Mobile
Charleston
Totals this week 32,811 42,450 39,245 24,883 27,199 36,271 202,859
Scceipts
I
not cleared^-fm-
Great
Britain.
20,092
17,928
4,975
2,930
847
547
536
315
,
Xeovitui
at—
Dee. 23,
68.236
10.802
1,529
28,909
1,500
19,581
164
6,320
164
'
We
week and 252,406 bales three weeks since, making the total
receipts since the Ist of September, 1887, 3,796,736 bales, against
3,519,180 bales for the same period of 1886, showing an increase since September 1, 1887, of 277,546 bales.
al—
XLV.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shiplward, not cleared
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 24 Beaver Street.
Friday, P. M., Dec. 23, 1887.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Dec. 2'), the total receipts have reached 203,859
bales, against 213,903 bales last week, 240,019 bales the previous
Beceiptf
[Vol.
Sat
-
IIH
10%
103,8 103i6
10%
10% 110%
10 ',8 109,8
1011,81011.6 10»8 10\
1016,8 1011,8 lO^B
11
11%
113,6 113,8 11%
119,8 1119,8 11% 118b
123,8 '1^3,6 12%
12%
jnon Tuc»iT»vdi Tb
IFrJI
I
''
^
lb.
i
23.
From
Exported to—
tlxport*
Sept.
1,
1887. to Dec. 2.% 1887,
Exported to-
frwn-~
'
CMretton
New
>
Continent.
70^
711,,
838
103i6
1
MARKET AND
103,6
1>
8%
Sf'ia
9I4
I
Week JSndinj Dee.
711,8
839
W'l
il{(%
.
10%
93,8
1101x6
638
I
IOSm
SALES.
The total sales and future deliveries each day during the
week are indicated in the following statemetit. For the convenience of the reader we also add a column which shows at a|
glance how the market closed on same days.
....
_ ruTtr&Bflk
BALES OF SPOT AND TEAKSrT.
Orleans..
Mobile
gPOT MARKET
Hlorlds
CLOSED.
Export,
Oon- Spec- Trnn
sump uPCn
sit.
TiUaL
I
Sales,
eriet.l
aarannah*
Sat ..Dull
Mon .Quiet
Cbarlei-ton....
Wilmington
.
New
^'
Wed
DiiU
Thurs Quiet
Polnt.fto
York..
Boston
Baltimore
FhtUdelp'a'&o
Total
•
.
Total.l
.
230
282
197
179
159
114
108
197
179
159
114
108
a 1,6 dec.
a 1,6 dee
Frl...|Qiilct a %adv'oe
Tiies. iMill
Norfolk
West
•
..
62
62
987
1S>.887
4\868 13;i,6U
SIM
9 218.531
762311 2.S3(,«il
Total laen ... in8.Bia 23.978 w.*"! aw 19s 1,370.528 gtg,708
'.Includes exports from Bruoswlck.
s iajsia 2 130 74»
1.
^
T
dally deliveries given above are actually
revloua to that on which tUoy ar« reported.
The Sales and Prides op FoTOaKS
following compreheinsive table
114.,50O
114,.30O
78,2
90,6
1,039 557.200
The
76.476
47,800
111,800
are
delivtrod the
shown by th^
DEOEMBEUt
THE CHRONICLB.
24, 1887. J
I
$~aE.5'
?»S^
•I "•?S9
T^I^^^
?5?f 15?!
oats oa_
B-J.-S.
B-««j[
niicl
g-jSn.
S3
«
r-^S'" T-'aS* "•oSi.
'
:
3: ^
o: Ki
:
a:
i
III
'm
-5: M
5;
:|i §
^
H
S: r •|i
r ii:::
«*
:
si
o;
t
tho^.
i
si
b:
86r
•-
:
:
and
31?
t<>
c?
So
<
Tl,
t«
wn
M>,'urt^ f.tr t.t-iiiKlil tl'"-^-. irai,
ni
tlio Unlt«'(l .StatfM, iiK-IiKling In It II
S
:
mi?.
i
Jiocllat I.lrrrpool
sUiuk
lit
ImIm
Total On<*t Britain Mook.
Stock at tl.iintiurK
r>g4,iKio
IMHA.
ni 1.000
2|i,000
0O4.0«IO
13,000
10,000
40,009
1,000
IVH7.OW0
1,400
14,100
11,000
537.000
a,a«o
31^100
2U.0OO
050,000
.l.tHK)
«ll
«'«<"•
Slock
Stock
2».20O
20,000
tin
;
boo
800
i.4on
n«M>
2.IMI0
son.ooo
1A8,(MH>
120,000
i„ia
,
StookBt Antwerp...
Btoekat Havre
Stock at MarM-lllea
SUwkat Haroelona
Rumpean
stocks
visible snppl.v
H I ,<)0O
1,000
:i.<Mjo
a.Too
34,000
7.000
0,000
41.000
7,0«0
3,000
40.1)00
3231600
237,200
247,400
390,000
ii;i»,.'i(K)
8;il,'..:(iO
774.400
070,00»
aA.oo»^
012.000
InrtlHooi ton afloat for Kurope.
:w,(M>o
•in.lKKI
41,000
Ain«r. cott'H iidnnt for Kcir'pc
.">o:i.(H»<)
ONO.OOO 512.000
Kp) i>i,BrKzll.Ac..allt for K'r'pe
fJ.fXKi
.'4.<K>0
3H.000
Stock In Unit^il etateo ports. 1 ,(I31I,'.'.'>7 l,<M10.il73 1,0t:).M07
Slock In U. 8. inteilor towni.. 4.V>,1.1
384.019
471. 8S7
United 8tat<^6 exports U>.dHy
19,345
4:1,292
50,700
ToUl
MO
I.40O
1
'i,oou
Stock at Trieste
roial CDDtiorntal stocks
:u)0
l-<>t4.
47.000
2.000
4,000
Rt"(-k at (jeiioa
Total
iMWi.
&H-i.(MIO
Luudun
5,300
:
48.000.0I7,42»
330Ji7O
31,000
3.031,243 3,128,484 2,001,800
3,13eJOT
or the above, the totals of American and other dMcrtpUonaara a*
foltowa
American —
UvBrp..ol stock
halea 402.000
403.000 879.000 417,000
Continental stocks
185,(MI0
111.000
18-/,0«)0
105 OOO
Aiueri>au afloai for Europe... 5o;»,000
080,000 M'J.OOO 642,00<^
United States nt-Kk
I,039,'.;57 1,060,973 1.073,807 1,047,4S&
(Jolted St. tesint«ilorstocks.. 45.'>.141
384.010
471.887
339Jn9United States expuruiio-aay..
19,345
43,292
50,70<l
31,000
Total Aiiie.lcnn
Indian, llranl.
JEosf
....2,003,743 2,718,284 2,660,4«O 2,07a,30T
<te.-
Llverpool stock
....
London stock
....
Coutinent44l stocks
,. ....
[nrtlti adoitt for Kurope..., ....
Eifypt, Brazil,
Ac,
180,000
29,000
181,000
13.000
90,200
132,000
10.000
38.000
42,000
(ki,000
54,000
41,000
38,000
IS7,00»
46,000
125,000
58,000
48,000
127..'j00
410,200
292,400
404,000
138,r>00
afloat.. ....
Total East India, d^o
Total Auiertcau
2,603,743 2.718,284 2,689,460 2.672^07
Total visible supply
Price Mid. Upl.. Uvermxd
Prloe Mid. Ul>l.. New York
{9* The imports
U.'>.400
3,031,243 3,128,484 2.961,800 .1,130,307-.
SHind.
BVid.
5d.
adClOl^c.
9l|ao.
lll|(r_
9'4C.
into Continental ports this
week have been
bales.
ry-i.OOO
The above figures indicate a decrease in the cotton in sigfac
to-night of 97,'J4l bales as compared with the same data of7
1886, an increase of 69,393 bales as compared with the corre*pouding date of 1880 and a decrease of lOo.OSt bales aftcompared with
1884.
—
At the Interior Towns
the movement that is the receipt*
since Sept. 1, the shipments for the we«k»
and the stocks to night, and the same items for the corresponding period of 1)580—18 s«t out in detail in the following
statement.
week and
for the
??
.".3.
7T
h-
:s. o
•;
;*-
X ^ cs
i
OB
E: o:
O
:
;
;
t^»r:'ue:
a
cs
X u > u :c 0:
u a (X c> CO ^ c lU ;: ;^ «
« c o w -^ &; M M o c to u -• M ^ u
OD
^ c H' c c:
;£
cc c^ c>
|3
I
C3
CCCOWCCMC.pa
O;
CO
•-'
uc <x
I:
Mi-M
1^
CMc
InolnnnK itaiBS lu OfpTnmDor, I88T, lor Heptemhnr, 258,200; B^pmber-Octotier, for October, 670,200; Seiitember-NoTcmbcr, for Nomber, 481,(j00.
We Uave iDchided In the above table, and shall oontlnne ea<^
eek to f?lve. the uvuraKe price of futures each day for each month. 11
He found uuder each day foUowlDg the abbreviation "Aver " Th»
laxe for each luouth for the week Is also Riven at bottom of t»t>le.
vHueferable Ordero-Saturday, lOftOe.: Monday. 10-45c. Tuesday,
100.; Weduesilay, I0-40o.; Thursday, 10'40o. ; Friday, 10 SOo,
'
.
ly
1
:
The f oUowing exchanges have been made during the week
to exch. .^00 Sept. for Apr.
to excb. lOo Jau. lor Feb.
I'd. to excli. 500 Sept. for heb.
inl. tiicxcli.dui 8. pt. lor Feb.
,'il.toexch. 3ii() Mar. ror Apr.
i>d. to exch. 3UO Dec. for jan,
iHl.
,>il.
>
Ipd.toexota. 3(J(>F. b lurMar.
'
~
iM
1
exch. 5"(> Apr. lor June.
exch. liOO 8eijt. for May.
cjlcu. 20V Jun. lor F«"
exch. 1,300 Jau. loi Mar.
pd. to exch. 1 ..'JOO Uec. for J uue,
pd. t«
pd. to
pd. to
pd. to
•12 pd. to exch. 500 Jan. for Fob.
•09 pil. to exch. loo May I'T June.
18 pd to eioh. liOO Mar. for May.
12 yd. to eich. 400 Jau. for Keb.
29 pd. to exch. 400 Feb f.ir M»y.
•09 pd. to exch. .OOo .M»'. for Apl.
Oft pd. to exch. 200 Deo. for Jan.
•17 lid. u> e>eh. '.'00 I)i-c. for Fnb.
•23 pd. to excli. 200 J.in. for MeU.
42 pd. to exch. 700 Jan. for k »y.
•1.9 pd. to exch. '.00 Apr. for May.
•12 pd. to exoh. 2oO Bevt. for Mar,
1
'J
-4
u ci c o i^ ^ o tv c
c;»
OD
^ ei e ic
X
tc
I
K
^8
^ K OD o (5
M
c;*
U
- M
"
M
CO
a
^ (O
!*•
b
to
M
*»
1
sr
fall
1
docsaeiaoee
»i_e:.-iMCj,>cec;;»c
i.'CCKlWt;— "u
(»caac®yM©*.*-*-cic — t;rt; -*- —
o ;^ 10 <. :s 00 to
to
5?
J-"
ee3a,«*<eio
"8
1
^aoaD^MCC^;^tci:3:i9ux>j^to
w *•
a
e
V a
»r
^
ac
ia
1^
w
<s
cs
V
s
s;i
•
Th«
S3
^!
liirarea for l.oui»vtiic to
This year's eguiri isiiuiatcd.
both r«*n ara "met."
I
Aowal co&»^
THE CHRONICLE.
860
XLV.
[Vol.
—
It has been cloudy during the
Ctreenville, Mississippi.
The above 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
The thermoaieter has averaged
year The receipts at nine hundredths of an inch.
bales more than at the same period last
the same 39, ranging from 22 to 57.
the same towns have been 15,735 bales less than
Leland, Mississippi. Rainfall for the week forty-four
week last year, and since September 1 the receipts at aU the hundredths
of an inch. Average thermometer 85 '6, highest
towns are 234,328 bales tnore than for the same period in 1886.
—
j
j
j
50, lowest 20,
Qdotations for Middling Cotton at Other Markets.—
Vicksiurg, Mississippi. Rain has fallen on four days of
middling
In the table below we give the closing quotations of
the week to the extent of one inch and flftpea hundredths.
cotton at Southern and other principal cotton markets for each Average thermometer 46, highest 73, lowest 27. Last week it
day of the past week,
was showery on four days, and the rainfall reached thirtythree hundredths of an inch. Average thermometer 47, highQUOTATIONS FOR MIDDLraO COTTON ON—
—
Wee7c ending
Dec. 23.
Galveston
CLOSING
Hon.
Tues.
Wednes.
978
9 '8
9'8
9''8
9^8
9^8
9^
9%
9%
968
9^8
958
. .
Hew Orleans.
Mobile
Savannah
...
Charleston
..
Wilmington
.
Norfolli:
.
.
Phlladelplila
9'8
9^8
Idle
10
10
10%
10%
lOia
1012
10>2
lOia
IQJa
10%
10%
10%
10%
Augusta
Mempliis
81. Louis
Cincinnati...
liOnisvUIe ...
Thurs.
FH.
V-?
9'8
9%
S5
9%
9%
9=8
915i6
915i6
915i6
101,8
9J
9%
10
10
10
10
io4
Baltimore
€st 53, lowest 39.
Satur.
958
,S°8
10
10
ir«
10
,^^«
10
10l2
lOia
10%
9%
9\
9%
9%
9%
9%
9%
9%
91I16
913l6
9"i6
913,6
^','6
978
9^8
jll^is
978
9^8
9''8
9'8
9-'e
9'8
1038®ls
1038® la
^SS'
9%
9%
9%
i!l''8
978
9^8
2^8
9 'a
—
The following table
Receipts from the Plantations.
Indicates the actual movement each week from the plantaThe figures do not include overland receipts nor
tions.
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.
;
Week
Bndint—
188ft.
Not. 18
"
85
Dec. 2
18..
1886.
I
1885.
1887.
1888.
I
1885.
1887.
I
1886.
]
1897.
288,996 2S4,816j308,2Cl 337,180 8W.794 209,-61 288,079 322.688
259.925 280,262 249,888,340,405 368,078; 409,4 28 291.069'30.i,162 a74,022
1,797 275,716 252.406382,627 13*111,83 :ii449,202'285,Q19]300.47!l 298,180
248,134 227 .886L:49,019'l34,S48 402.085 4i;3,323 299,SS0 239,139 263.140
838,011 260,659 218,902|481,2S9 410,953|497.3e9'284,907'866,5a7 247,948
840,166 283.045|202.859'581.319|433.534'503.e78 28U,8tB'805.628 209,168
270,4
....
SVk at Inferior Towns.^ Rec'pts from Plant'ns.
Reteipts at the Porta.
il
—
The above statement shows
1,
That the
total receipts
from
the plantations since September
1, 1887, are 4,276,574 bales;
in 1886 were 3,904,654 bales in 1885 were 3,922,859 bales.
2.
although
the
receipts
at
the outports the pa«t week
That,
were 202, '59 bales, the actual movement from plantations was
209,168 bales, the balance going to increase the stocks at the
interior towns. Last year the receipts from the plantations
for the same week were 305,626 bales and for 1885 they were
280,246 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 La sight.
:
—
Helena, Arkansas. It has rained lightly on three days of
the week, the rainfall reaching eighteen hundredths of an'
The thericch. Not much cotton remains to be picked.
mometer has ranged from Ift to 56, averaging 37.
It has been cloudy on five days of
Little Rock, Arkansas.
the week, with a rainfall of sixty-three hundredths of an inch.
Slight snow fall on one day of the week. Average thermom-'
eter 35, highest 62 and lowest 15.
Memphis, Tennessee. Riia has fallen on one day of the
week, to the extent of fourteen hundredths cf an incti. Average thermometer 36, highest 58 and loivest 14'o.
Nashville, Tennessee. It has rained on fourda.'isof thfti
week, the rainfall reaching forty-four hundredths of an inch..]
The thermometer has averaged 36, the highest being 43 andli
the lowest 29.
Mobile, Alabama. It has rained constantly on two days of;
the week, and has been showery on one day, the rainfall reaching two inches and twelve hundredths. The thermimeteT'
has averaged 45, ranging from 31 to 65.
Montgomery, Alabama. It has rained on four days of the!
week, the rainfall reaching one inch and seventy-nine hun-'
diedths. Frost on two nights. The thermometer has ranged^
faom 80 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.
'
Auburn, Alabama. Telegram not received.
Madison, Florida. We have had rain on four days, Thai
*
thermometer has averaged 51, ranging from 35 to 68.
Maoon, Georgia. It has rained on two days of the week.?
hive
three
had rain on
days oti
Golumbus, Oeorgia. We
the week, the rainfall reaching one inch and ninety-four hui^
has
The
thermometer
ranged
from
33
to
dredths.
50, averS
1
—
'
—
—
.'j
—
—
!
—
—
—
—
i
—
iiging42'
—
j^
Savannah, Georgia. The weather has b?en clou iy during^
the week, with rain on three days. The rainfall reached twff;
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,i
with light rain on three days. The rainfall reached eightyThe thermometer has averaged
nine hundredtns of an inch.
47, the highest being 61 and the lowest 31.
have had rain on four days of th«.i
Atlanta, Georgia.
week, the rainfall reaching sixty -four hundredths ot an inch,
Th-i thermometer has averaged 54, ranging from 29 to 71.
Albany, Georgia. Tele^sram not received,
have had rain on fouri
Charleston, bouth Carolina.
days of the week the rainfall reaching one inch and ninetyseven hundredths. Average thermometer 50, highest 63 and
lowest 37.
have had rain on three
Staieburg, South Carolina.
days of the week, the rainfall reaching one inch and one
The thermometer has
Frost on one night.
hundredth.
averaged 46, the highest being 60 and the lowe.-t 33 5.
Wilson, North Carolina.— Tvlegrnm not received.
The following statement we have also received by t- legraph,
showing the height of the rivers at the points named at 8
o'clock Deo. 23, 1887, and Dec. 23, 1886.
—
j
— We
i
1887.
1886.
1885.
1884.
Ecceiiits at the ports to Dec. 23 3,796,726 3,519,180 3,417,390 3,537,441
Interior stocks on Dec. 23 in'
1. excess of September 1
479,848| 385,474| 605,469' 346,305
I
I
I
|
Tot.receipt8 from plantafns 4,276,574 3,904,654 3,922,859 3,883,746
Net overland to Dec. 1
452,425] 321,366 341,1371 227,855
fiouthemconsumpt'ntoDec. II 134,000 105,000,
89,000
78,000
Total in sight Dec. 23
KoTthem
spinners'
4,862,999 4,331,020 4,352,996 4,189,601
taUngs to
Dec. 23
951,387
796,1991
884,948!
654,163
by the above that the Increase in amount In sight tonl^t, as compared with last year, is 531,979 balfs. the increiise as
compared with 1885 is 510,003 bales, and the Increase over 1884
It will be seen
1«
—
.
—We
— We
!;
673,89& bales.
Weather Reports bt Telegraph.—Reports to us by telegraph to-night denote that the tempsrature has in general
New Orleans
been low at the South during the week, and that in about all Memptiis
Naahville
ectioDB rain has fallen.
We
Oalveitoa, Texas,—
have had rain on four days of the
week, the rainfall reaching one inch and fourteen hundredths.
There has been frost on three nights and snow and ice on one.
The thermometer has averaged 46, ranging from 32 to 66.
Palestine, Texas, The weather has been quite cold during
he week, with rain on two days to the extent of ten hundredths of an inch. The thermometer has averaged 59.
San Antonio, Texas.—We have had dry but very cold
—
•weather during the week.
74, lowest 16.
Average thermometer
48, highest
^ew Orleans, Louisiana.— It has rained on four days of
thew((k, the lainfall reaching one inch and ninety hundredths, The thermometer has averaged 48.
Shreveport, Louisiana,— R&mt&n for the week twenty-four
hundredths of an inch. The thermometer has averajjed 40.
*
ranging from 20 to 60.
Columbus, Mississippi.—We have had rain on two days of
the week, the rainfall reaching one inch and forty-eight huntheimometer has ranged from 18 to 48, averag-
i
89
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low- water mark.
Shreveport
Vickaburg
Dec.22, '87.
Dee. 2
FeeL IncA.
2
6
6
4
3
4
21
5
3
3
Feet.
2
8
20
5
6
India Cotton Movembnt prom all Ports.— The receij
and shipments of cotton at Bombay have been as foUows
the week and year, bringing the figures down to Dec. 32.
BOMBAY BECEIPT8 AND BHIPMESTS FOB FODB YEAKS.
Shipments
Shipmeiif Sitwe Jan.
thit week.
Tear Great OonliBrU'n. nenl.
Total.
Oreal
Britain
OoHlitient.
Receipt*.
1.
Total.
J^i.
1
reoj
1887 1,000 4,000 5,000 380,000 722.000 1,102,000 25.000 1,596,0«
1886 3.000 6,000 9,000 339.000 712,000 1,051.000 s;t.()Oi) 1,585,0«
1,000 2^6,000 190,000 71(i,000 17.000 l,123,0fl
1885 1,000
1884 2,000 6,db6 8,000 523.000 692.000 1,215,000 10.000 l,U65,0fl
*
Figures for 1887 revised.
According to th« foregoing, Bombay appears to show!
decrease compared with last year in the week's receiplf
of 8,000 bales, and a decrease in shipments of 4,000 bales, I
the shipments since Jan. 1 show an increase of 51,000 ba
The movement at Calcutta, Madras and other India ports^
the last reported week and since the 1st of January, for til
" Other ports '^ coyer Gey^
years, has been as follows.
Tiitip.nrir». Kiirr.q/'.liop mid Ooconiula."
.':
—
Dboemoer
THE CHRONKJLB.
24, 1887.J
SMpmenU for <A« wetk.
ertat
OotM-
BrUain.
tt*n<.
KMpvu)U$ finM /aniuiry
1.
llliTt;'
Mai.
Omtlhttnt.
BHtatn.
'r
-
•
,
f
•
•
'run JIM
'
ill
OtmU
IWoi.
881
f.
OmnnwoMM
ikf qulllr nf tt«
M s fx tn r > Tml llji
"1.
*tii
!• s ii
J
.
.
f.'
<3aloutta—
1887
188a
00,000
os.ooo
Madras—
1897
1880
All others—
1887
1886
t-ii
127,000
37,000
226,000
103,000
2,000
2,000
60,000
46,000
1,000
1,000
88,000
60,000
38,000
87,000
126,000
120,000
3,000
8,000
247.000
180,000
178.000
100,000
429,000
280.000
13.000
6,000
73,000
&2,U00
Total all-
1887
1886
Tlje above totals for the week show tliat the movement from
o ports other than Bombay is 3,000 bales less than the same
A oek last year.
For the whole of India, therefore, the total
lli^)ml>nts since January 1, 1887, and for the corresponding
_>:'rioJi of the tv^o previous years are as follows :
BXPOnrg TO RPBOPB FROM ALL IKDU.
1887.
Shipments
Europe
Thit
week.
to all
from—
Bombay
1886.
Since
Jan.
Thit
week.
1.
Jan.
Thit
week.
1.
Since
Jan.
425,000
1,000
2,000
716.000
233,000
5,000 1,527,000
12,000 »,33 1,000
3.000
940,000
All other ports.
1
Alexandria Receipts and Sbipments.—ThroiiRh arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for
he corresponding week of the previous two years.
Alexandria, Egypt,
1887.
Dec. 21.
1886.
III
».iM.
i'aii'.>
trldto, Init
til'
,
-I'"'
fr.i
I'll.
;
ADi^ir luWi w
1
1
1
1
.
1
11
snuutextoiit the hIi
the cropH now |ii*(iiiu
CoMPAHATiVK Port Receipts and Daily
Cbop
—A comparison of the port movement by weeks
not
>I
la
as the weeks in different years do not end on the taw
the month.
have consequently addwl to our oth<i
,;
tables a daily and monthly statement, that the reader may
constantly have before liirn the data for seeing the exact raUtiTe
movement for the yeiirs named.
The movement since
September 1, 1887, and in previous years, has been as follows.
:'
Wo
1.
9.000 1.051,000
3,000 2.S0.000
.5,000 1,102,000
Total
1885.
Since
I
;
mill
This will
Tear Seginning Beplember
Monthly
Keeeiplt.
1887.
1886.
1885.
1884.
1.
1883.
1S82.
Scpt'mb'r 654,776' 350,203 385,042 345,445 343.812 326,«M
October l,213,4OlU,034,49O 1,0.55.624ll.09O..'?85 1,0-16,092 980,584
Novemb'r' l,178,436'l,197,2.59 1,083,552 1,122,164 1,030,380 1,004,607
Total
13.046,616 2,590,012 2,524,718 2,557,904 2,420,284 2,401,987
Pcro'tago of tot. port'
recelpUNov. 30..I 48-70
40-78
40-90
53-56
.39-00
The Followinq abb the Gross Becbipts of Cottoit at
New York, Boston, Philadelphia and Baltimore for the paat
1885.
week, and since September
1,
1887.
Receliits (cantars*)—
150,000
2,026,000
This week....
Biuce Sept. 1
225,000
1,847,000
Thit
Since
week, [Sept. 1.
I
Exports
(l)ales)—
'
To Livci'iiool
To Coutlueut
Since
week. Sept,
Thit
week.
1.
NSW roRK.
fiM«<Pt«
Since
SqU.
1.
H. Ori«an«..
I
10,000 142,000 18.000 145,000 14,000125,000
10,000 78,000 (i.OOO 51,000 4,000 62,000
Total Europe
*
ThU
130,000
1,883,000
2 0,000 220,000 24,000|10r,.000l 18,000|187,000
.
A cantar is 98 pounds.
Tssu
aaTannata
Mobile
.
No.Carolloa
20,000 bales.
Horth'n p'U
—
Manchester Market. Our report received by cable to-night
from Manchester states that the mai'ket is tirm for
both yarns and shirtings.
We give the prices for to-day
below, and leave those for previous weeks of this and
last year for comparison
:
1887.
32s Oop.
d.
8.
d.
758 ®8'4
5
8
" 25 7>3 ®8>6
Deo. 2 7»2 ®8>8
5
5
5
5
5
d.
"
9171a
®8»8
" 16j7>a ®8i9
" 23'7!>8 ®8i4
Colfn
B.
SU
Mid. 32» Oop.
Twist.
Uplds
8>4 Ibt.
Shirtings.
Twitl.
Nov 18
1886.
d.
37
7i2®7
7'a®7
7ia®7
7i3®7
9 '<*7 1»3
A.
d.
d.
d.
8.
59
5 si
fi
Mid.
Vpldt
8.
d.
8
8
8
8
«6
^6
8
9
movement
all
aillM
week.
Sept.l.
week.
Sept. I.
week.
Sept.l.
»jao»
11.400
B.148
810
180.07*
190.581
187,700
W«M
WMt. att.1.
••••••
8.M8
2,819
70.8a0
a.013
12.68B
22.057
118.130
4,978
BALTTiioma.
TMs
4.SS1
ao.Baa
2.060
2.800
I'im
842
.
WOP
».7ao
...
........
1.003
1.000
42
2.247
13.837
18.791
3.380
49.002
180.087
37,488
S,4U
... ...
SM
1304
1. 847
0,OW
4,<»4
&r,tat
1.896
11.820
IJM
roBi
1.808
ThU Tear. ls.5W
723.050
2«.s<ie
293.0)2
8.9SI
41.9«>
8.789
98,780
Last Texr.. 44.093
878.208
13.932
192.<'S4
4.177
68.403
11,194
loi.asB
Shippinq News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
165,6153 bales. So far as the Southern ports are concerned, these
are the same exiwrts reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Liverpool, per steamers Adriatic, 1.716...
Aiiranla, 1.351 ...Ensland, 2,231
Arizona. 1.058
Lakp .Superior, .'•>43 .. Ohio, 1,646
5H
5 '4
SM
10
we have reduced
the
to pounds.
Total baiet
NhwTobk-To
To
To Genoa.
8,545
604
300
Hull, per i«t«anier Perxiaii Monarch. 604
ToLeltli. per stoaiiier Crystal. 300
To Havro, ix-r etoanier T,a Nonnnndle. 1.551
ToBreineii, per Ktoauipr Kliler. 300
To Haintmrt,'. imt Hteanier Callfonila. .325
To Rottenlaiii. imt Hteanier V. Caland. 440
To Aiitweri), iht steamer Westcnilanil. 3,173
To Christiana, inr steamer (ieiser. KH)
To Co|N-uha»!en. imt steamer Oelser. 600
Exports of Cotton Goods from Great Briain,— Below
give the exjwrts of cotton yarn, goods, &c., from Great
Britain for the month of November and smce October 1 in
1887 and 1886, as compiled by us from the Brit sh Board of
It will be noticed that
ThU
EoreUra
we
Trade returns.
Hinet
Tenn.,Ac....
5>fl
-36
®6
ThU
d.
7J9®6 713 53,e
7>2a6 7>a 5».
7% ®8
7% ®8
5
5
75i6®716i8 5
5
5»i(i 739 ®8
5
54 7% ®8
5l'i8 75,8®7I5i8 5
59l6
Oolfn
lbs.
Shirtings.
rirslnla....
PHtLADSLPa'A
Stn«
Florida.
So. Carolina
This statement shows that the receipts for the week ending
Dec. 21 were 150,000 cantars, and the shipments to all Europe
BOSTON.
ThU
1,551
300
335
440
3,178
lOO
000
842
842
New OBI.KANH—To l.lver]>ool, per steamers Asturlann, 4,129
OlcnochU.
... Caribbean, 2.620 ... Franolsoo. 6.500
Inventor.
^.W .... Pretoria. 2.6S8....per ship
6,301
Nettle Mnn>bv. l.:i-24
31,111
Tuakar, 5.617
10.212
To Havre, imt ships Cashmere. 4.,595
To Bremen, jwr steamer Cassias. 6.100
6,10O
To Kaneliina, |Mr bark Teresa KlKneras. 600
400
MomiF. Til I.iver|MM>l. jM^r ste!iMier PrnlHi. '.',897
2,807
.2,491
Bav.
LiveriKKil. !•
2.401
inrliark.M
2.307
|..rsteaniei
3,700
5,232
Bhusswi. k 111 Uver|sM)l. p. r ^.I. Miii. li.imlel. 5.233
5,4S0
CUARUtSToN— To llremen, )M-r steamer tiisirlsuiun, .~<,4.'>0
jior brig Pai»To Bareelona, jier steamer I'awnee, '1.2'J5
toiis.Ulo
4,835
Galvkhtos— To Ltverjiool. per steamers Enflpld, 5.071... FairFristnet. »1,3.M
Triumph, 4,850.... WaallHeld, I.TIi.-i
I)cr8te4iiuer Alsatia.
.
TiimAlhread.
Totalot An.
Cloth.
000« omitua.
1887.
November
18i7.
1881.
1887.
l««.
18S7.
I'd*.
Y,U.
428.4UI
Llia.
U».
Uw.
74,M(>
77.884
77,876
dMIQA?
I
1868.
Lbt.
loi.eoe
24.478 429,9H6
4aa.5-i
S8.778
7«.8»- IOa.128
101.3)9
48,0B0
850,0(i« ISI.Ml.'i 154.722•.i>lf<m
202.112
24,234
2S.6l^
29.749
Total
4».«83
Btocklngs and aocka
^
1886.
838,581!
I ,.
.
1
Total oxporta cotton manutaotiirea
878
**2
«.«*•
S.**
1806.878
208.488
I
Sundry articles
The foregoing shows that there has been exported from the
Unite Kingdom during the two months 205,67«,000 lbs, of
manufactured cotton, against 208,4tJ8,000 lbs, last year, or a
.
1
'.
.
27340
I
decrease of 793,000
lbs.
Jute Bdtts, BAaoiNO, &0.
—A fair
;.412
I'ancon. 3,062
Wii
demand
is
U
November
1.9-7..
reported lor
Few large ordern are
bagging; and the mirfeet.is steady.
onlv for present wants of conreported, as the buyinij
BUmers. Sellers are quoting 5}^ :. f jr \]4 lb., 60. for 1% lb.,
Only a light
6>ic. for 2 lb. and 7c. tor standird grades.
business is note! in butts, though some ioqutrv is renorteJ for
futures.
For paper grades the prices are 234@-?io., while
bagging qualities are quoted at 2%'§2^c.
East India Caop.— The following is from the Bombay Company's (Limited) Cotton Report of
1
18
Beceipts of oottoa for the past fortnight arc consldorably leas than for
the ooiTosiioniUu;,' i>orii>.l last year, iluo lualuly to the latenew u( the
Bengal crop, ot vruioli de«orlption abou 5,000 bale* less dunnn tba lor
1,M7
-17
Norfolk- Tu
l.lv. 11H..1I,
1
West Point— To Llvcnwoi
5.2i:t
1
1,9»4
4,412
3,002
4,077
•.enliraclf.
4.900
4.000
ITS I'ontlse, 4,498. ..Onei,
0.T41
....
toamera Oxenholme and
7,S95
sAMyrtaiiaod Baltimore,
B.ti
8,457
y.i.:.
Bostok-To Uverpool, per itcamen Nonenuui
nivrn.'iOO
..
i;6l6.'.'.""Pii
..
2^1*
60
300
Pun
Xu Autwcrp, poraliamer twllzerlanil, UOO
i.<>rdaoa«h, 1.068..
TdM
l,fl«8
000
160,66i
THE CHRONICLE
862
The
particulars of these shipments, arranged in our usual
XL\.
[TOL.
Hnt., Dec. 17.
nion,, Deo. 19.
Tnes., Dec.
'.20.
form, are as follows
Unm.
Hvll
and
Zirer-
Leith. Harre.
pool.
New York.
904
8,545
N.Orleans. 31,111
Mobile
2,897
Savannah
1,551
G25
6,100
Balifax.
842
600
4,313
d.
Tnlal.
lfiiT80
48,023
•2..»iV7
.'
2,491
5,233
.
Brmiew'k..
Anlw'p.Barce- mouth
and
Copcn- lona
and h*fien A and
Bomh. Ghnt. Genoa.
10,2ia
»pm Hl«k
Tar-
Botlerd..
'.'.'.'.'..
2i307
5,450
1,524 4,412
4,977
Charleston.
27,340
Galveeton
WUiuuigt'n
3,082
Norfolk ... 4,900
West Point. 9,741
Newport N. 7,525
3,457
Baltimore
Boston
2,219
Phlladeria.
1,663
.
8,498
5,233
10,283
3,700
4,835
9,900
4,900
9.741
7,525
3,457
2,469
2,563
1,847
.
250
900
7,060
904 13,287 23,871
Total... llo,20r
9,977
Low.
Clos.
d.
d.
d.
Decemker. B« 5 40 6 40
Oec-Jan ... 9 40 6 40 5 40
lan.-Feb... 5 40 6 40 541
Feb.-Maich^ 5 41 541 5 41
Mar.- April. 643 6 43 5 43
April-May.. 5 45
6 45
6 40
5 49
651
Wednea.,
d.
d.
541 5
5 41
5 41
5 41
641 6 41
641 6 41
543 5 43
45
47
49
51
41
5 41
5 41
6 4.')
6 45
6 47
5 49
6 51
5 53
the latest dates
Galveston— For Bremen— Dec. 20— Steamer Marchioness, 6,094.
For Amsterdiiin— Dec. 17— Bleamer Invenuay, 3,495.
New Okleans -For IJverpooI— Dec. 19— Steamers Catalan, 2,750; Goi^
don Castle, 4,482; Lisniore, 3,792.
Dec. 19—Ship
For Havre— Dec. 16— Ship Prince Luclen, 5,026
N. B. Lewis, 4,460.
Dee. 17—
For Bremen— Dec. IC— Steamer Chancellor, 5,150
Steamer Thomas Turnliull, 5,235.
For Antwerp— Dec. 19— Steamer Mandalay, 3,155.
Bavaknah- For Liverpool— Dec. 17— Steamer Elsie, 6,596.
For Bremen -Dec. 16— Steamer >Iaples, 6,126.
WiUMiNOTON-For Liverpool— Dec. 21— Bark Sidon, 1,545.
For Havre- Dec. 21— Bark Albatros, 1,850.
Norfolk— For Liverpool— Dec. 21— Steamer Lake Winnipeg, 7,714.
Dec. 19—
BOSTOK— For Liverpool— Dec. 14— Steamer Catalonia, 1,335
Steamer Michigan,
BALTiMOBi;— For Rotterdam— Dee. 17— Steamer Urblno, 937.
PBILADELi'iiiA- For Liverpool— Dec. 20— Steamer British King, 1,446.
.
Below we give
Bels
all news received to date of disasters to veecarrying cotton from United States ports, &c.
Merchant Prince, stejvmer (Br.). Taylor, from Galveston, aiTivcd
Bremen Dec. 21. Her forehold cargo was damaged by tire.
Cotton freights the past week have been as follows
at
:
^
'sS'oi
sail...</.|
Do
Do
c.
sail
FH.
Thuri.
%
....
38^7,9
38®7,8
3g®7jg
%®7l8
SsaTjg
%a)7i8
SggiTjg
%aT,g
a^alie
3b
%
%
%
%
%
%
^s
%
%
%
Sg
%
sg
35'
35*
35*
35*
3535"
e.
Hamburg, steam
Do
<•.
8all...r
Amst'd'm, steam
c.
—
via Leith -rf.
Ecval, steam
....rf.
sail
i564-'»e4 ''*64-"84 i°84-i984
d.\
Barcolona,stcam(/.{
Trieste, steam.,
rf.
Antwerp, steam
rf.l
Per 100
—
"ei^Vi
''.•jg
'.la
"^^2
i^^
t.^^
3:
"fti^^sa '^84-'3:
i
Genoa, steam.. (?.i3o4® 732
*
b
c
sail
Bremen, steam
Do
TTedne*.
%
I
Do
Havre, steam.... <:.Sb®7,g
Do
Tua.
Man.
Salur.
Liverpool, steam </.
''.13
'aa
''31
7^2
7^,
'4
H
%
^4
'4
1164
ii84
^'64
"32
^32
^4
^.vj
—
Dee. 2.
bales
Of which exportera took
Of which speculators took.
Bales American
.
Acliial export
Forwardcil
Total stock— Estimated. .......
Of w hich American— Estim'd
Total import of the week
Of which American
Amount
afloat
Of which American
Dee. 9.
60,000
3,000
4,000
40,000
13,000
29,000
571,000
384,000
114,000
94,000
231,000
221,000
Mar. -April. 5
63,000
3,(100
4,000
41,000
7,000
29,000
582,000
392.000
103,000
74,000
253,000
235,000
Dee. 16.
4t!
April-May
5 44
May -June..
9 46
June-July.. 648
Ju^y-AUK
..
[
5 40
6 40
6 41
6 43
6 45
6 47
5 49
Open
5 40
5 40
5 40
5 41
6 43
5 89
541
54a
5 44
5 46
5
SM
5.3S
5S8
5.3S
9.SS
5 38
5.38
5 40
5 41
5 43
5 45
5 47
6 49
5 38
5 88
5 39
5.39
5 43
6 45
6 47
51
6 53
5 49
5.^8
S40
541
5
6
9
5
5 43
5 45
5 47
5 49
41
43
4n
47
B4»
Frl., Dec. 23.
Low.
Clos.
Open
Biffli
Low.
d.
d.
d.
d.
d.
5 39
6 39
5 £9
5 39
6 38
5 40
5 39
6 88
5 38
SSI
638
5 39
5.39
6,30
63»
6f9
6 39
5 39
6 39
6 39
519
6 40
5 39
6 39
5 40
541
541
9 41
9 43
6 45
6 43
5 45
6 41
5 43
5 47
5 49
38
5 39
5 41
5 43
4'i
d.
d.
5
5 47
6 4U
5 51
560 561 5 5J
5.39
6 38
d.
d.
5 40
5 39
551
653
5 88
541
45
47
49
5
5
6
5
d.
5 33
5 39
6 40
6 40
Cloi.
d.
640
64t
541
6
5 43
5 45
6 43
6
4.3
5 45
5 47
6
46
6 40
8 49'
5 49
5 47
5 45
6 47
47
5 43
5 45
6 47
5 49
5(0
5-i9
649
5 47
5 49
41
8 47
BREADSTUFFS.
Friday,
The
December 23, 1887.
P. M.,
market has been without important feature or
decided change in valutas. Exporters have not, as a rule,
been able to meet the vi >w8 of ho'.ders and trale has be rt
quitt in that direction, while the local dealers have supplied
only their more urgent needs.
The wheit speculation opened weak, under a considerableselling movement for the purpose of realizing proetc
But
dangtr to the fall-sown wheat ia the Northwest from a
" blizzard'' of great severity aid the darkening of the warcloud on the co-tinent of Europe not only checked thedecline, but caused tome advance. The specul .tion, however,
was not active, and in wheat on the spot the slight advance
was sufficient to bring busire s almost to a ttmdstill. At ttie
lower prices early in the week a line of white wh'at wis.
taken for shipment to Barcelona, To day there was a Uight
further improvement in futures and a beittr butiness was
done on the spot, including a line of 50,000 bushels spring
flour
for export.
OF SO. 2 BED WINTER WHEAT.
Mon.
Tuea.
Wed.
Thurs.
90 14
89 '8
90
9118
9058
9138
92 14
917s
9213
9158
91^
93
93%
94 12
93 Ja
93
92 \
94
n.VlLT CLOSING PKICES
'32
lbs.
week
3eo.-Jan.... 5 SO
Jaii.-Feb. .. 5 89
reb.-March 6 41
I
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stocks, &c., at that port.
We add previous weeks for comparison.
Bales of the
December.. 6 40 5 40
5 43
5 47
5 49
Clot.
d.
Thurs., Uec'Zi.
1
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
Open BU/h Low.
d.
653
Clos.
d.
d.
Clos.
d.
6
6
6
5
I>ec.'.21.
Opf n High Low.
250 165,553
d.
5 41
5 43
641
5 43
6 45
5 47
5 49
6 5:
5 45
9 49
6 51
5M
d.
6 40
6 40
May- June.. 5 47 5 47 5 47
tune-July.. 5 40
July-AUK...
Open High Lmo.
Df.
23.
74,000
3,000
6,000
51,000
9,000
20,000
582,000
402,000
105.000
83,000
270,000
255,000
Sat.
January deli very
February delivery
89-14
907,)
.March delivery
April delivery
May delivery
June delivery
December '88 delivery
933*
'J'.i'h
97
....
:t)
93J.2
93
97
--'s
94 >4
94^8
94%
95
97 '8
95 14
951a
98:%
98^8
Fri..
91H
92%
931a
941.J
95 14
95 14
98%
Indian corn declined undera check to tbe speculative movement. Some recovtry f^lliwcd but the epefulation fell off
to ^ ery small i^roportiuns and tbe regular trade came almost
to a standstill. Today tbe market was dull and drooping.
I).VILV CLOSING TRICE.S OF NO. 2 MIXED CORN.
Sat.
Man.
Tiieg.
Wed.
Thurs.
Fri..
6II3
61
617^
62
61^2
January delivery
01^
February delivery
6214
May delivery
Oais have been
63%
Om
62
14
^ti
62i(j
62'4
61 =%
62"'8
62:ii
62%
620e-
61
active bat the range of valaes was
pretty well buatained, but the close was dull.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Man.
Tiieg.
Wed.
Thurt.
Sal.
fVi38i«.
38:%
January deUvery
38
38
SSH
38%
38=8
3813
'dS\
39
39
February delivery
39
39!>8
40'8
30'8
40
40
40
Mavdelivery
Rye is scarce and firm. Barley has been dull and unsettled
Barleir mate in fair demand at
hue tbe close is tteadier.
less
The tone of the Liverpool market for spots and futures each
day of the week ending Dec. 23 and the daily closing prices
of spot cotton, have been as follows
about 6t< ady prices.
The following are the closing quotations
:
:
FLOUK.
Fine
^ bW. $2 20®$2 50 Southern bakers' and
family brands
$3 60®»4
Superline
2 50® 3 00
Spring wheat extras. 2 80a 3 20 Rye Hour, guperflno.. 3 50® 3
Fine
2 70® 2
^fin
60
nn. clear and stra't. 3 65® 4
Wiutershipp'gcxtras. 2 85® 3 25 Corn meal—
Weetcrn,
&o
3 00 a> 3
30®
30
Winter XX and XXX. 3
4
Brandywlno
3 20® 3
Patents
4 25® 5 00
00
Buckwheat
flour,
Southcru supers
2 75® 3
per
lOOlha
2 25® 2
South'u com. extras . 3 25® 3 50
30
7!>
7&
25
2&
35
OKAIN.
Wlieat—
Bpring, per bush.
8i)riUK No.
The opening,
highest, lowest and closing prices of futures
at
l^iverpool for each day of the week
are given below. These
°^ Uplands, Low Middling clause, unless
seated
Kwul
.
2
Ked winter N0.2...
Eed winter
White
Com— Wcst'n mixed.
We8t'nmixedNo.2.
Western white
Western yellow....
White Southern
E.ro—
State
® 41
® 43
38%
38%®
® 40
92
91
94
Barley83
93 ® 90
Canada No. 1
93
83
Two-rowed Ktate.. 77 ® 80
63
58
61ia® 62%
Six-rowed State.... 83 ® 85
82 ® Kft
Milwaukee No. 2.
59 '* 64
Malt^State,4-rowed |J5 ^100
59 ® 03
9(>
State, 2-rowed
® ....
) 85 'a
60 ® ,.
BuckwLoal
84
90
®
a
®
®
®
®
& Pa., ¥ bush. 67 ®
Oata—Mixed
94
Wliit«
91
No. 2 mixed
No. 2 white
37
38
3712®
®
.
70
Deotmukr
24, 188i„j
THE CHUONKJLK
ic
of brcadHtudi* to market la indicated In the
prepwed by u« from the figure* of the New
first give the reo>-iptii at Western
York Produce Exchann*".
lake and river porta, arranged so as to present the oompirative movement for the week ending Ddo. 17, 1887, and ainoe
AttKUSt 1, for each of the last three yeara:
The movptnent
-•st-atemfnts below,
Wo
By adJinn this we«k'a moTament to our prevloa*
hare the (ollowiag al«t«m«nt of ezporta thia
aeaaon
Chicago
Milwaukee.
Toledo
Detroit
Clereland
Barl«y.
Bblt.lUOMu nunk.SOUu' iliMh.BOUM Utu^ saitx
«7«.H30
1.009.000
0O0.BQS
186.saa
»74.ooa
8.900
08.000
is.oflrt
.
fkw.
1S0.TS)|
4.4M
48,804
78.158
20.H27
St. I.ouls
PBOrta
Duluth
Minneapolis.
8,028
Tot.wk. W,
Same wk.'SO.
Same wk.'85
3tS,451|
.
12.S00I
I,If8,818
.1
1.S42.080
480.0881
243,500
3.398.183
8,991.441
2S8 6S2
Rr*.
IT, lavr.
Bwk.W Ibt
Bu. 04 tb$
848JN6
88,1M
I06.«n
18,888
BbU,
i^mtjuB
IS.
MM.
tMa.
14,
ijn,400
luwt.iga
»MtM» •J»lM1
1T4JU4
tMU<0
s,8u.ia4
ijai,wt Vtnsnx.
MS .991
IIJVI
U.'M
iia4aii
anjm
11,797
89,8128
WntlDOlM.
sn,7a8
t33..Sl»
9,481
8,071
mMti
uajHo
4fi.0B0
16,«04
04
BriUOol'nlM
818,930
8afl.fl0>
188.8S8
41,950
RjWO
4M8
184,388
177.800
Oth. eoiintr't
IO.BS<>
17,081
n,i:Ki
M.Ttt
is^aad
ts.3ia
n.Mrt
8.7»7,a8»
1,818.337
is.as4M» aa,eioA)t
TM«,7«Ti
t.090.0)SS
08.170
l,>fl3.(X«'
1,827,080
723 3*5
13,180
e0,3(H)
'
40,000
44,083
1,977,708
OOS.tw!
011.804
87,«08,n8
85.«31,4S7
14.947.888
920.089
5H,lHS,fl23
40,018.6S1
38.S09,709| 13,281,700
l,2tl,400
3,U8.8S2| 3S,680,:I05
40.022,940
8<>,754.ia2
U.44S.027
1.930,048
Oootloent.
ToUl
under- mentioned customs dtslricta of the United Statea foi
the month of Novenilwr in 1887 and 1*J6
ani for the Are
months since July 1, lb87 :
;
Ifovtmitr.
1887.
"1886.
n885.
15,«12,182
10,711,087
10,837,(574
'1884.
11,817,009
rtttMootkt,
18H7.
Foliu.
Qa'ntlUss
KollM.
BarUv. biuh.
New York
tOfilO
&JSM
840.7S}
IMMI
Boston
47,714.844
92,175,550
51.898,728
7,179.7«4
2,192,929
58,132,815
80,803,781
Corn
^9,02.5,731
80..-)25,r)38
Oats
52,779,889
48,4<)S,8(!1
10,.598,528
1,131,(>76
10,388.373
1,570,077
Total grain... 214,389,679
201,401,815
199,305,6tW,
04,384,051
82.300,400
51,26ti..545
5,809,107
5,972,.M7
200,792,050
shipments from Western lake and river
rail
ports for four yeara:
1880,
1887.
Week
WerJr
Drr. 17.
'Flour
"Wheat
899,901
389,010
48,195
215,443
1,114,042
007,597
258.008
30,367
409,794
809,043
481,272
3,139,073
2,011,527
2,286,057
1,913,755
798.374
il,0ll.057
Kye
The rail and lake shipments from same
weeks were:
Week
—
Flour
Whetl,
Corn,
Oalt,
bbU
biiAh,
b'lsh-
bush.
Nov. 26, '87.
214,919
181,9.52
18,094
ports for last four
Btrley,
bush.
380,940
408,548
503,934
348,031
899.901
887,597
825,550
833,948
454,977 798,374 1.011,6.57
483,291 758.272 858,915
454,721 1,123,727 1,038,293
406,021 1,724,983 707,999
Roc. 17, '87.
Dec. 10, '87.
Doc. 3, '87.
Wer-k
Vee. 20.
300,102
1,027,1'; 4
779.008
277,074
21,509
bush.
Gate
Barley
ending
1884.
Week
Dec 19.
142,152
454,977
Total
1885.
Dec 18.
215,808
bbla.
"Com
Phlladelph'a
Baltimore
New Orleans
San F.jiWII'ni'te
Other ea». diat'i*
S7J)12
Total, barler
Cprrt. buth.
87,918
18.088
1,180,806
oio,i;oo
40S.D80
13
87R.821
207.711)
New York
Boston
Include one week extra.
Below are the
Rye.
bush,
48,195
24,224
30,039
21,428
Philadelphia
Baltimore
Newcirleans
San P.&Wirm'tc
Other CU8. dlst's*
Total, onm...
Oom-meal.
New York
Boston
18,088
U8
9
11
I'M.tAS
104388
4,818.811
8300379
«S738«
<W1308
803.433,
2^,443
8
191395
WM.6H1
6S3.3I8
808.083
1X0.147
88OM0
811.130
834.208
107,884
8,310
132,822
BS.OUi
I.»t3,-8S
7VH.I87
86>«>
88<>.oge
4M>.<18
.1.8.59.010 4.405,3,50 3.016.804 3,146,990 1,702,059 124,486
wks
4 weeks •80.1,386,406 4,713,738 3,083,330 2,457,046 1,072,448
The
and
receipts of flour
week ended December
Flour,
At—
7rti3l7
bustt-.
Corn,
Oalu,
Barley,
bush.
bniih.
biisti.
285,268 48,850
106,170 10,825
000
14,800
57,172 60,600
14,850
3,125
130,036
90,990
...
25.433
53,433
2,430
100,444
337,185
0,742
Norfolk, Va...
New Orleans..
5.818
40,800
91,504
Boston
Montreal
4,44.i
Philadelphia...
Baltimore
-Richmond.
141,040
8,481
340,6! 4
2,010.048
1,389,597
3,013.889
l,42e.8r8
10,300,087
S,18U«B
7,006
8,230
83.020
»l,69>
1131H
S 1.970
9.H20
83.»13
81.400
06.841
20<>
isa.iis
141.041
3.ait
887
70
LOW
3.400
830
780
8
«,"429
13,302
8838a
88,034
00,000
180,177
18,48*
7.868
73377
1
bblt.
Pbiladulpbla.
.
Baltimore ....
Now Orleans.
18S
71
.
San F.^Wil'iii'te
Other cus. dist's*
8,833
Total, oorn-meal
oats, bugh.
90,808
New York
18,387
....
Boston
2ft8
Philadelphia..
Baltimore....
New Orleans.
B,:io
118
380
I
*73
878
sse
HO
San K.AWirmte
Other ous. dlst's'i
9,82v
4,0uS
«
l.lOu
830
D2S
8.730
1
1,100
1.201
578,643 823.507
327,129 1,231,527 1,026,862
Total week. 398,937
•Oor.
1
week
'86.
.
550
050
4',806
210
60
iFlonr
bbls.
Wheat....
Com
bush.
Oats
Barley....
Eye
-1885.
13,417,1.50
8.Tl)8
7I
ase
88318
81,010
7,841
4.3.801
89,294
10JS3
87,787
11,484
U2,28b
00,118
1<I.3,409
8,070
Boston
888,308
18.9Stl
S8«.e7S
340,780
6,7I«
1U,1»)
887.084
1,018,303
0,9St
81.448
•1894.
XOU
from—
JXe-w
York
Boston.
.
3'ortland.
N. Newn
Phllndcl
Com.
Bit tit.
B'lth
367,607
81,392
7,254
21,384
12,400
87,999
8,000
18,000
107,029
97,893
.
Baltlin're
X
Orl'ns
Klchm'd
7
883,910
13,4<«
By*.
687,811
Bhls.
Biuh.
Bush.
117,692
29,447
5,128
2,666
Bush.
3,375
84300
1,6.30
8,.5O0
41,.574
209,168
656.320
225.151
23,047
utn
10,400
180.2SU
8,008
373<M
618380
18,188
798.078
8031*
I3a«,a;8
08,xga
S«7
8378
Baltimore
New Orleans.
.
San F-AWilni'to
Otaer ous. dist's^
11,918
1.094.964
184.3AI
Phlhwlelphla.
11,918
7.3i«
1300
18308
ii,noa
000.118 8,088,044 8,iai,vn
1S«.«0>
470.'
109.963
^'<8,6aS
87V.1/76
880,814
TOLoaa
49.318
8:<,94S
Ta.ftw
1,«0:<.<M» 4.03S.470 330!t.a78
73,700
12.030
01380
18,913.868
I.V7n.96«
1S363.60T
I,a4t3e4
8,93430*
8301,089 0370.480
403783U
11.918
Total, rre
iriual.butb.
IWJiaO
484.»4
..
Baltimore
New Orleans
«0,7<»
7,838
Ban F.fcWlI'm'te
Other COS. dist's*
l,a4».s:«)
Total, wheat..
WlieatJIowr. bbu
8,780,484
8,0713^1
4l6J>8a
108.300
l,7SK"Ba
IS.'Al
8oa.asi
I7«.«e3
U«
8ei,rao
871,880
1W.904
8.1IM
i,ss7,i«a
18,107
4I«.f86
*48.Ii«
140.0<8
«3.4«7
l,0e4J19 4.980.818
V17.0U
Bosioo
03.
»;4M»
UI.390
Ban P.aWil'm'te
Other ous. dist's*
Total.wheat-flo'r
8.000
UMt
IJtSi
I.4SI.'
»<8,87l>
8,000.. 83
1.813,088
4331 314
1, 048311
«33t,UI»
S3103IS
8.10*370
730. IM
1380378
te<..il8
8V3S1
883.371
«,7a4
081.490
1,8K7.838
I»I310
S-W304
S39^MI
80307
i.7S0k7aa
»3oa.i;ia 88371,188
7a(al>.
New York
a,4a8JW8
M0»,MM
43Ba,9a0
l.l04,0n
I'bliadelphU.....
W1.8B1
ana3«8
—
r.*Wirm't«
t.98B.iiaa
1384317
Baltimore
New Orleans
Baa
Other en*, dist's'
Srand
*
total.
800,7W
a4S;<<l»
i,as4.u»
S3WI.447
•M8,1W|
,183011341
8i>T3w>
•8380318
Value of export! from other enatoms distrieu for the mAOth of Nov., l86Tt
Bratoe. Texas
Chloaso, lllmols...
Michhmn..
Dulntb, Minnesota
Huron, Miohijian
Miami, Ohio
Detroit.
87,40*
NewU«Ten
PortJaad. Me
Rleumaod, Va
4^100
TorkiowB, Vuatal*....
M318
I0II307
80,000
Total..
•*-3
:
i«.iait
.
8488311
NoTc-Thls •tatament Ineladas about 88 per oeot of the ootlra u»oru of Ik*
articles named from all puru of the eonncrr.
947
256,706,
187
4,328
Philadelphia...
Peat.
.
Tot. Vk.
552,2521
S'metliue
1886.
1,137, 456-
6.100
173,000
8,000
PblUdelphla.....
Baltlmttre
New Orleans
4,244
.
Norfolk
Oati.
88.000
38
Boston
Flour.
2,800
Boeton
69,688,360
47,847,931
The exports from the several seaboard porta for the week
«nding Dec. 17, 1887, are shown in the annexed statement:
Wheat.
v.',(yM
New York
New York
Include one week extra.
Xtporis
Baltimore
New Orleans
San F.sWiI'm'to
Other ous. dist's*
13,827,088
71,453,457 45,642,455
77.110,710 84,715,534
35,759,970 37,038,179 41,514,903 32,2.50,114
6,443,457
6,281,708
0,503,136
5,017,049
6,525,308
1,140,034
613,059
726,451
84,7.54,318
47,0.52,851
461
1300
aer
l.:i38
New York
Boston
174,510,039 192,719,141 179,297,031 lul,701,230
•Total grain
*
15,055,734
-1886.
13,410,549
t83aa
140
0,788
16
Total, oats
Oatmeal, lbs.
New York
6,560
14.490
The total receipts at the same ports for the period from Jan.
to December 17, compare as follows for four years:
1887
ail
Bttybuth.
bush.
20,925
!>08,310 126.875
539,388 323,576
aeo3ia
«*«,ioa
328, IH
Total, oatmeal
17, 1887, follow:
312,750
00,640
19,200
45,206
75,853
18,134
167,319
139,516
seaboard ports for the
(train at the
Wheat,
hhla.
-Wow York
90,244
lOAooa
180,078
Philadelphia....
Tot. 4
sacs
Exports op Bbkadstuffb for Novimbkr. 1897.—Th« folmade up from the statement iaaued by th<* Bureau of
Statistic*, shows the exports of domestic breadstuffs from the
as follows:
•
a.Taa
lonlnK,
9u'n(it4u
Kj-e
MM
BmA
1MJ40
6H.027.778
Barley
IS,
«»;.808
144.409
bush.
I»«T
Bmk.
..
OikKlnadom
The comparative shipments of flour and (;rain from the same BnadUvtt BxpU
ports from Jan, 1 to Dec. 17, inclusive, in four year«, show
Wlieat
IT.
Bm*.
B.*C.Am...
B.058,000
4.338.804
bills.
i»m.
7,000
1.
Flour
IT.
Bkto.
Inoludc ouo week extrn.
*
Om,
1
S.OSl
1,870,(86,
l,U33,eO0!
WIMM.
4M-l.1t, *»<. I,<*i,'*f«. l.ft. *pi.t,«.'
I»Dh.
u Dm. tmOm,
to 0M.
Srwl. I.'ST, Af^.i.'aa.
(A Ore.
to Dm.
BiHk.
TJ04,SIT
13,1«8
8,100
80,080
oi.izo'
8.060
4.8BS
.
Since Amq.
1887
1890'
1885'
OaU
Com,
Whtat.
I
w*
totftla
t
Maporuto/Tow.
BMtiptt at-
899
88,306
2,60e|
12.859
14.0.57
1S..5S6
The viaible vupply of grain, oomprisinx Iha atocka in gntnarr
at the principal points of •ooumutatioa at lake and 8e*bo«rA
ports, an 1 in transit bj wum, DMMiibar 17, l(^j7
THE CHRONICLE.
864
Do
afloat
Albany
afloat
Chicago
"
afloat
Milwaukee
Dulutli
Toledo
Detroit
Oswego
8t.
Louis
Do
Rye,
Oala,
afloat
Cincinnati
Boston
Toronto
Uontreal
FhUadelpbia
Peoria
Indianapolis
Kansas City
Baltimoro
Minneapolis
Bt Paul
On Mississippi
On laltes
On canal & river.
295,000
72,600
232,500
7,600
6,300
t
19, '851 58,761,953
20, '84t 43,068.451
Minneapolis and
St.
72,861
146,020
388,700
232,000
983,246
27,688
327,416
27,449
272,394
12,818
16,697
57,523
741,000
73,614
13,783
48.5b'0
900
9,399
l6,6b6
160
3.700
4,630
44,591
3,200
27,942
7,338.256 2,800,664
4,326,792 2,600,948
279,679
292,902
420,460
767,826
635,046
3,600,806
3,593,903
2,950,969
2,298.484
1,936,858
Paul not Included.
According to Beerbohm's London cablegram, the amount of
-wheat and corn on passage at the dates mentioned stood as
folio VFS:
Week ending Dee. 21.
Week ending
Grain on Passage.
Wheat.
To United Kingdom.. qrs.
To Continent
Total quarters
Bqual iu bushels
S£ne week in 1 886
.
.
busb.
Corn.
397,000
68,000
1,465,000
215,000
1,680,000 465,000
13,440,000 3,720,000
22,000,000 3,120,000
Dec, 14.
Com.
Wheat.
1,361,000
204,000
452,000
70,000
1,765,0001 522,000
14,120.000 4,176,000
20,500,000 2,560,000
The exports of Indian whe^t for the week, year and season
are as below:
Week end'g Week end'g April 1
Indian Wheat Exports.
To United Kingdom
To Continent
Total
Dec. 17.
Dec. 10.
56x608. Stocks last Saturday and for
years were as follows
the
previous
three
:
1887.
1886.
Stork of Print Cloths—
Dec. 17.
Held by Providence nianufrs.. 219.000
FaU River manufacturers.
Providence speculators
Outside speculators (est)
19,000
32,000
25,000
..
295,000
Total stock (pieces)
1885.
1884.
Dee. 18.
Dec. 19.
Dec. 20.
60,000
105,000
42,000
25,000
125,000
102,000
240,000
70,000
428,000
354,000
320,000
260,000
282,000
537,000 1,362,000
Light prints were mote active in first hand?, and some
makes have been opened by the mill agents at an advance of
111,606
Ginghams and other
12,402 J^o. per yaid from last season's prices.
181,225 woven wash dress fabrics, also white goods, were freely dis12,887
tributed by agents in execution of back orders, and a fair
16,740 amount of new business was done in this connection by the
10,000
Tot. Dec. 17, '87. 43,231.009 5,380,400 6,091,276
Tot. Dec. 10, '87. 41,980,155 4,958,865 6,233,456
Tot. Dec. 18, '86. 61,459.874 12,064,603 5,098,639
Tot Dec.
Tot Dec.
Barley,
bush.
bush.
hush.
busk.
1,720,587 2,031,882
8,300
264,000
33,600
47,500
2.000
474,855 197,108
2,695,939
56,000
4,914,938 1,089,289 1,040,580
50,000
32,421
1,908,864
5,389,745
8,165
14,340
1,847,182
22,334
19,836
984,661
36,000
74,000
487,610 1,164,467
4,770,512
64,000
11,000 250,000
30,000
124,683 275,479
256,091
16,106
116,475
98,459
9,292
125,130
95,645
277,295
637,472
33,509 427,637
64,249
31,000 206,530
204,260
42,065 127,361
400,982
567,370
1,543,449
7,839,927
Buffalo
So
Com,
Wheat,
bvsh.
8,784,993
In ilore al—
Kew York
XLV.
[Vol.
to
Dec. 17.
bush.
bush.
100,000
180,000
180,000
60,000
12,240,000
11,440,000
bush.
280.000
240,000
23,680,000
commission housep.
Domestic Woolen Goods,— The event of the week in
woolen goods circles was a conference of manufacturers and
commission merchants in regard to certain abuses about the
system of credits and other matters pertinent to this important
branch of the trade. The meeting was harmonious and s
permanent organization was effected from which a satisfactory outcome is expected. Light-weight clothing woolens
were quiet in demand, but very fair deliveries of caesimeres,
worsteds, 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
were only moderate in the aggregate. Jersey cloths continued 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 dross goods continued in fair requtst,
and a prttiy good business was done in carpets.
Foreign Dey 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.
Iniportatloua of Dry Goods.
of dry goods at this port for the week
ending Dec. 33, 1887, and since Jan. 1, and the same facts for
the corresponding periods of last year are as follows
The importations
THE DRY GOODS TRADE.
:
New
York, Friday, December 23, 1887.
The past week has witnessed a moderately large movement
n staple cotton and woolen goods on acccunt of previous
transactions, and very fair shipments of certain spring and
manner to remote dia.
Bummer fabrics were made
tributing points in the in erior, but new business was restricted
in volume as far as the commission and importing houses
were concerned. In jobbing circles it is probaole that rather
more than an average distribution was made for the time of
year, the order demand for assorted lots of staple and
H M
»
at
department goods having been better than usual, while a very
considerable package trade in domestics, printp, etc., was done
by a few of the large jobbers. The market for staple cotton
goods continufs very firm, and the mill agents are holding
many makes "at value" in anticipation of higher prices in
the near future. Printing cloths are dearer at the manufacturing centres, and prints have consequently appreciated,
some makes of light fancy prints, etc., having been opened
at a considerable advance upon last season's prices.
DoMES'nc Cotton Goods. The exports of cotton goods
from this port for the week ending December 30 were 2,350
packages, valued at $165,621, 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,
land 11 to all other countries. Since the Ist of January the
exports aggregate 186,118 packages, valued at $11,345,298.
Of this total China has bad 87,552 packages, valued at
$4,171,889, and 41,632 packages, valued at $2,983,222, have
gone to South America. For the similar period of 1886 the
—
exports to
were
all
ports reached 203,919 packages;
173,458 packages.
At
firet
and in 1885
hands the demand for
staple plain and colored cottons was only moderate, but the
inovenoent on account of back orden was of gtod aggregate
propot'fns, ind prices continue very firm all along the line,
Piiiit (loihs were veiy active, and the mtrbet closed very
tioi g on the basis of 3^r. foi 64xC48l and 3 l-16@3i^c. for
vm
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p
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885
THE CHKONIGLE.
(TOftZMT.
Kxporta of LeadliiK Artlrica of Domealle Prodncr.
articli-fl of dummtlo prodttocin N*ir York
The following talile, baaed upon Cuntom Houmo n-turnii 20 in lt^7 and ICKM
BhowB the exports from New York of all leading articlwi <if
domeBtio produce from Jan. 1 lo D^c. 20, in l(W7 and 1«88
(root Jma,
1
Dm«
to
:
•
^WnW *0fv*
Aahtxi, puUi
Aiibi'8,
bhln.
iwarla
B«)w\vax
mil
Iba.
28,U17
Bn'iulHtuITH
wheat
Fliitii,
hhlii.
Fioiir, ryo
Corn
8.082,255
V. II 7
bbls.
luttal
bblii.
liiiHh.
Wheat
Kye
Barley
Pea«
30,GUi).:l'S
l,%7,:i5J
7ii-'.2IO
M),3i»l
73 MVM
Cauilles
Coal
CiiMon
bale«.
79.:.3^»
4'',02«
74.'i77
8!I3.I«<
rkgH.
l*.'i.343
1HH.8U1
baleo.
bales.
8)1.148
03,IM>7
Com
101.4-9
12,38 1. Tfi4
44 (>37
HT.Hll
ttmtt.
I>oiiie«tlc8
May
Hi>im
Naval Stores
Cnule turpent'"*
SplHU
22,491
615
bbls.
bbU.
29.311
bbls.
bbls.
bbls.
19j,8.%5
Oilcake
Oils-
.....ovt.
2,O0»,3«7
Whale
Lard
gala.
Kals.
Kals.
Unseed
Kills.
turpeiitlue
Rosin
Tar
PiU'b
237.7«0
20,sl(v>7ii
1«7
17.591
1«3
0.!N
7,9 14
i-,446
4,6;i9
10.082
149,204
175,(593
54-.W70
»i,.'i»9
OiO,2^-.2
07.i.6tJ
su.t.i:
gals.
392,90.),iJSl
369,609,339
bbls.
171,'84
169,911
Beef
bbls.
Beef
tierces.
Outmeats...
Us.
Butter
lbs.
Cheese
lbs.
Lard
lbs.
Rice
bbls.
Tallow
lbs.
Tobacco, leaf
bhds.
Tobacco
bales and cases.
Tobacco.manufaotured
lbs.
6.J.071
4»i,3-<3
b.=-.'02
3s,788
259,514,-73
8)>emi
Petnileam
Pork
230.249,!t4l
7.'».570.0..7
lflU,a7o.C7l
2&0,U6,o5.'i
l.'S.4.12
If. 89ft
38,476.762
76.034
21.19.\l'iU
122,296
66,24
8,12<,S7l
6U.S6'*
•)
8,061.fl6
190,096
Receipts of Leadlns Articles of Domestic Prodaoc.
The following table, based upon daily reports made to the
New York Produce Exchange, shows the receipts of leading
gawTicrB ixnH
Brewster,
bale*.
No.
3S
oU
Oott4in seed
Klax seed
Orassaaad
Hide*
R«p*
Leather
LmmI
Molaanes
Molaase*
Naval Stores—
Turpeotlue, ornda
Estabrook,
BOSTON.
MEMBERS OF THE NEW YORK AND
BOSTON STOCK EXCHANGES.
ALSO.
Daalera In IHnnlelpal, State, Railroad
and United State* Ronda.
&
Irving A. Evans
Co.,
BANKERS AND BROKERS,
No. fiS STATE STREET,
ROSTON.
CHAHLIS H. 8BSLDON, JB
Binnct, Jb.
Wilbour, Jackson & Co.,
BANKERS AND BROKERS.
No. Si
WEYR088ET STREET,
PROTIDENCE,
R.
I.
Dealers In Commercial Papor. GoTemmcnt «nd
other arat-clsss Bondi and Securttles and Foreign
Kxcbaoffe.
PHvHte telCRmph wire to New Ynrk and Boston.
MOKEHKAD.
H. B. Morehead
Cheese
Pko.
Ekk»
Lard
Lard
Rice
Nu.
pkKB.
8pelter...
slaba.
Btearlne
Q''^*.bbla.
Sugar
boxea leases.
Tobaeoo
Tobaoco
WblakfT
Wool
bbls.
of
•
Rea
GA.,
all olasaes
ll'AlKUT
4ad
Humphreys Castleman,
N»t f 1 Waat Tklr4 atreat)
5(5.354
70.8i>a
83.838
140,691
221. 91
196,873
175.718
Wood
Wm.
Branch
Co.,
street,
PltUburs, Pa.
THOMAS BRANCH
RICUnOND, VIR«INIA.
PER CENT WATBR BONOBaaa
Deslrabls BIZ
her
Orst-class •aeortuas tor sala
Diraet prtvata wtre to
Circulars ard InformHtlon on f andlnit the debts of
VIrKlnta and North (:aroliua tree i.f cont; oue.«uihth
percent chafKi'd for fuidlng. tk>utbi!rn Railroad
and Stat* and <'ltv Htinds Iwioifht and xtld.
fie
Co.,
PHILADELPHIA.
dc CO.,
BANKERS AND COMMISSION MKRCUAMTf.
Wilson, Colston
&
G. Hopper
as South Third Street,
6c Co.^.
8TATB BANK BUIIDINa.
Co.,
Btook Kxohanff),
E.
W.
Batbiax. Rea
&
Clark
Co.,
Rallroaa, Mnnieipal aad other oaairaMa tnvaat.
meot Saeurltlss for
BALTinORK.
(INTB8TMBNT snd SOUTHERN 8BCURIT1E8 s
j
Brothan a Oo.
Robert Garrett iScSons,
BANKERS,
SODTH STREET,
BALTinORE,
T
ffUNBAO* A VMfSUJb OOMMVtO Altb
«v«inN»
Qann A
York.
BANXERi* AND BROKERS,
No. •< SoBtk Third St., Philadelphia.
BANKERS AND BROKERS,
unam
&
BANKERS AND BBOKEBS,
BANKERS AND BROKERS
twMMn
1,«M
New York and PhUadalphU Btook 1
PltUboTK Pstrulaom, Stock aad Matal Bukaaaa.
Private wires to New York. Boston. PbUadalplaa,
Baltimore and WashlngtoB.
liefer, nrea— Atlanta National Bank. Atlanta, Oa-i
and Kourth National Bank, New Yiirk^
>
Ho.
74,093
»0,»SI
85.050
18.978
8,548
MEMBERS
New yom.
of Bultiiuore
3i-4.m;7
ALL KINDS OK
Bonds and Stocks bougbt or sold on commission.
GeuTKla uBd a labams strourli les sveclatly dealt In.
Corre..«pondenta— Tobey A Kirk aud A.outvnbofer.
(Members
877,»7I
l.e>3.3Sl
1,957.150
1,140.- 18
39>.*ll
264.097
67.130
95.346
174,3 19
31.629
38.225
5.758
Bros.
tlfikar
A'J.1.ANTA.
Co.,
BTOCK, BOND AND NOTE BROKERS,
131,M3
37.VM
BANKERS AND BROKERS.
AND DEALERS IN FOREIGN BXCHANOB,
of Stocks
NeKotiutes loans on marketable seotultles.
New York Vuotaiians fumUhed by prlrata
every flltcen luliiutes.
N. T.'oorrssiiondsntu— McKUd
WM.
ia5.i2e
pen:%syl.vania.
and bonds
.
94.709
121.069
87,510
858,371
•70
^ork.
gljeor
8ECURITT BBOKEB.
C W
a2S,3i»
S.343
128,635
8i,594
182.770
146,307
bhds.
^
8.31.4
86,278
311,658
35,44»
J,6^9..^87
hhds.
pkgs.
dugar..
Tallow
1.<».W
105.211
834.373
24.031
2,104
440.9U4
4.613
1,953 0113
1,263.943
ken.
Hoga, dreaaed
IN
SECURITIES.
7a,4i7
.bbla.
tea. dc bbls.
Corrsspondano* tolloltad and Information for-
&
817.137
Butter.......
Ciitnieats...
fpaolalty.)
WESTERN.
H. B.
8.70^».^57
355.116
pkg*.
pkKa.
pkga.
pkKS.
RICHinOND, TA.
Wlluau
3,124. lan
utm.
80.6M
Private wires connectlnK with Washington, Baltimore. Philadelphia a mi .New York.
°
K-3.935
5«.3«1
87.»«4
bbla.
bbla.
bbla.
bbla.
bbla.
Stocka and Ronda Ronslit and Sold
In all Market*.
BatfjAuiN A. Jackson,
WI,.i«U
t8.23tf
......bbla.
Pork
Beef
Out
a7.aM
bale*.
luUo*.
aide*.
blias.
MKMBBR9 Or BOSTON, NEW TOBK AND
PHILADELPUIA STOCK EXCHANGES.
JOSBUA WlLBOUB,
100.W6
1.0IU.3I»
iJbl*.
aalla.
.............. ..oatca.
.^
1.3iWI,e»ft
ll2,0He
101,331
pk«s-
on. wbale
Keanuts
Pnivisioua-
8.84a.8S3
4a»,501
.-»
80",i)34
1,24 4, 156
97.J0J
Pitch
BROKER AND DEALER
h./lKM(
fll3,5o8
Tar
Oil oake
Oil. lard
l.>,6t3.^xtf
1
bbU.
Bnsln
Buys and sella, on commission
.
baffs.
baics.
Tunwutlne, iplrlta
SAVANNAH,
:.
No,
RIdea
A. L. Hartridge,
BANKERS,
CONGRRSS STREET,
28t.M|l>
3I.U4ft.8>«
Onttnn
SODTIIERN.
Cobb
&
5,asfl.wt
sa4.3»«
40.4i<«.ll«l6
P«a«
Barlajr
^rofecra
NEW ENGLAND.
UJH.STO
4I.'<?«.'-3S
Inub.
biub.
hush.
ll..^Hl,H4l
P,>>'^!l,.'l9J
71,0^4,147
hbU.
biub
bcsb
Oat*
Provisions
7.1»7.Wa
bbla.
Qon
4.411
2,601,740
s.oia
loa.oii
tMUb.
.,„
iiixal
Wheat
Bye
S<OW,0-2
bii8b.
biiMi.
biisb.
likK".
wh«at
riniir,
Corn
4.03') .7 79
2.M.M1
iO,4-8,lMO
VH7,?10
1,77 J
124,;f»«
BrMdatalh—
UC.tMft
bUHb.
buHb.
Otita
bbU.
bbU.
-.-.
^
Iil>l».
*aMl«aM
lBa7.
tanu Hm»
pmioMt ytar
sals.
Allow imar.
on danaana.
^
Tart BjoM
Hsmban uf the PhUadalnUa aad Raw _
|Ualian«as,aad aoooaaiad by prtvata wire wtlhKaa
York.
Traasaet. a gaoaral banking bnslaaaa.
_
,<st
riTTSBVRSH,
PA.
STAaUSBBD Um.
Whitney
&
BAHKBBB
!!••
Bf
Stephenson,
Alto BBOBBBB,
wvmtik
AiTHRfea.
BtaNV.T.
-
-
THE CHRONICLE
866
(CRU^&inn
WoreiQU
atifl
and
fatitiB
[Vou XLV,
%VLnlkexs,
FOREIOX.
CAMADIASf.
^0rcifl[tt.
The Bank of
Australasia.
(Incorporated by Roya! Charter, 1835.)
[E8TABLI8HBD
CAPITAL, Paid
...
HURPLVS
Hon.
Blr
-
In
DONALD
1818.]
«12,000,000 Gold
- 86,000,000 Gold
-
SMITH,
A.
Railway Share Trust Co.
(LIMITBD),
No. 4
President.
W. J. BUCHANAN,
4
THE
Bank of Montreal.
General Manager.
IfEW YORK OFFICE:
& 61 TV ALL STREET,
walter watson, \ Agents.
BANK BDILDINeS
LONDON, ENGLAND.
Buy and sell Sterling and Continental Exchange
and Cable Transfers grant Commercial and Travelep«* Credits, aTailable In any part of the Worlds
Irene drafts on, and make collections in, Chicago
and throughout the Dominion of Canada.
Capital Paid Vp,
;
London
Office.
No. 32 Abclinrcb Lane.
Thlt
a.
B.
HOWLAND, Prest.
WILKIB,
D. B.
issues
Gait,
St. Catharines.
St. Thomas.
IngersoU.
Toronto.
do Tonge
St.Br.
WelUnd.
Woodstock.
BRANCHES IN NORTHWEST.
Calgary.
Brandon.
Wlanlpec.
Agents in London
Affonfra In Npw Vnrt
Lloyd's Barnett'B 4 Bos- ^*'*^
r^^^ *"
„, MONTKEAl.
MnNTRKiT
a quels Bank, limited,
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper discounted at
the UeMd Office on reasonable terms, and proceeds
remitted by draft on New York.
Dealers in American Cur'y and Sterling Exchange.
:
]
I
Merchants' Bank
OF CANADA.
$6,799,200 Paid Cp.
$1,700,000
President, ANDREW ALLAN, Esq.
Tice-Presldent, ROBURT ANDERSON, Esq.
Capital,
•
Besenre,
HEAD
OFFICE, MONTREAL.
GEORGE HAGUE, General Manager.
W. N. ANDERSON. Branch Superintendent.
BANKEK8I
LONDON, BNG.-The Clydesdale Bank (Limited.)
MBW VUHK—The Bank of New York, N. B. A.
The New York Agency buys and
sella Sterling
Ki-
change. Cable Transfers. Issues credits ayailable in
all parts of the world
makes collectlonB In Canada
and tilsewhere and l^isues drafts payable at any of
the offices of the bank in Canada. Every description of foreign banking business undertaken.
;
New York Agency, No. 61
IVall Street.
HENRY HAGUE,
JOHN
B.
HARRIS,
lA„,„t,
*«•>"••
{
JR.,
Bank
North America,
No. 63
WALL STREET.
Exchaiige and Cable Trans-
sell Sterling
or Registration Of Stooka in
Issne demand drafts on Scotland and Ireland,
also ^^ r!ftnada. British Colnmbia and San Francisco.
Issued In Poonds Sterlimr
available m ali pirts of the world.
COlYTlHEltClAL.
ll^SUBU for use in Burope,
China, Japan, Bast and Wait Indies and the Braills,
River Plate, &c.
Bills collected and other banking business transacted.
D. A. MCTATISH, ) . „„,.
fers.
CIRUUI^AIt NOTFH
CKEunH
{AgenU.
H. 8TIKBMAS.
Oable Addres*— Patt,
Londoh.
FOREIGN.
The United
prepared;
1. To obtain Registration of American Railway
Shares in the name of the AsBOCiation, lodge them
with the London & Westminster Bank, and issue
against the depoHited Shares the Cert.iflcates of the
Association, countersigned by the Bank. The certificates have cf)UponB for dividends attached, and
upon presentation of the advertised coupim at the
office of the Association the dividends may be obtained the same day they are payable in the U. 8.
2. Or they will obtain Keg srratlou of shares in
the name of the Association, deliver up the Sharps
duly endorsed to the ownerj and pay the dividends
at ine office of the Association in London the same
day they are payable in the United State.s.
3. or they will obtain U-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 Immediate combined uction 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 Association certificates are only issued upon newly-verified
share certificates.
The original Ain erican shares can always be reexchanged atshort notice, free of expense, on presentation of the Atsuciation's Certificates at the
office.
'J
he charge for registration and for the Associ-
ation's Certificates
is
3d. per share.
SAMUEL POPS, Q. C, Chairman.
JOSKPn PRICE, Managing
F. P. BAXTER. Secretary.
Director.
Bank
(LIMITED).
LONDON, Head Office, 3 Angel Conrt.
SAN FRANCISCO Office, 422 CallfomlaBt.
mission, and transact a general Banking and
Commission Business.
Special attention given to the execution of
orders for Securities on the New York, Lon>
don and Amsterdam Bxohanges, In corres-
BOSTON
BLiAKE
BROTHERS &
18 Wall Street,
CO.,
New York,
28 State Street, Boston, mane,
Rckerre Fnnd,
.
.
...
96,000,000
- 1,600,000
• • 400,000
-
business. Issue Om.
of Exchant'e.avallablR In nil
Bjrtsof the world. I'<jllecti..n8 anil oraeiB for Bonds,
moau, etc., executed upon the tuost favorable termt.
'"*"*''•'' banking
^TS°!S?*
Crediu and Bills
lUetteial
FKB-I-K
K%
LOW,
»k ». Ut.Sltl«WlAX>. (>«)M«r.
,
l„4u
P.
' :.
BURFORD.
&
Heinemann
&
Fralbiob, Seo. A. Whsslwbight, Am'I Sec.
Wm. T. Standbn, Actuary.
|
'
ilvely.
All Policies Issued by this
years.
Company are insispuT
ABLS after three
AH
Death Claims paid wtthottt discount as soon
as satisfactory proofs have been received.
This Company issues all forms of Insurance, Including Toutlne and Limited
on-Forfeiting) Ton-
i
i
tine.
One month's grace allowed in the payment of
Premiums on Tontine Policies, and ten days' grao«
on
all others, the insurance remaining In full foro«
during the grace.
Absolute security, combined with the largest liberaJlty. assures the popularity ajid success of this company.
aOOD AQBNTS. desiring to represent the Com
pany. -^re Invited to address J. 8. GAFFNBY, Super
|nt*nd«»nf of 4tr«nnl«<i. «t TTn*«» Offl/tn.
I
'
^
^
THE
EQUITABLE LIFE
ASSUEANCB SOCIETY.
In SuEPLus (namely the excest
of accumulated funds over liabiliin
ties),
Pkemitjm Income, iu the
amount of Assueance in Foece, the
Equitable Life Assurance Society exceeds every other life assurance com'
argest
its
and may be regarded as the
and strongest organization oi
kind in the world.
January 1. 1887
on 4 pei ct. basis
Surplus on 4 per cU basis. -
.
$75,510,473.76
$59,154,597.00
.
$10 ,355,875173
Assets,
.
CO.
$111,.540,203.0C
Ifew Assurance in 1S86
ftutstandins Assurance.... $411,779,098.00
Co.,
Investment Securities
BOUeHT AND
and a«enoles of Banks* Ratlwaya
Corporations, Firms and Individuals upon
favorable terms; also orders for the purchase and sale of Bonds, Shares, Ao^ 3to. on
the 8tock BxchanRO.
Interest allowed on Deposits, subject to dO-days
light drafts, at Bank of BnKland rate, and
one per cent balow that rate subjeot to
]
SOLD.
\
ITANTED
I.OIO>ON.
s
!
Southern Central of N. T. Ista.'
Mlddletown UnionTille & Water Oap S>
Indianapolis Si Vinoennes Ists aud ads.
dctoto Valley Bonds, all issues.
l^ollolt soooantfl
drafts.
J
All the profits belong to the Policy-holden exolu-
62 Gresham House, E. C,
demand
|
President.
Liabilities
& W. Sellgman A Oo.
Corre8t>«nd'ts,MaggaahaaeU8N. Bk.
AntiinrlBed Capital,
Pald'Op Capital, •
G. H.
j
18&0.)
& 263 Broadway, New York
261, 262
f)any,
pondence with
Correspondenta,
J.
(OBOANIZBD IN
& Co.,
Necotlate Railway, State and City loans.
Execute orders for Bonds, Shares, etc., on Com
States Lite
Insurance Co.
THS CITY OF NETP YORK.
IN
Nos. 5 and Great Winchester St., London, E. C.
The Association acts as Transfer Agents in London for American Hallway Companies, in conjunction with the London agents of the Mercantile
Trust Company of New York as Registrars.
Agents in the United States,
POOK at GREENOUGH, 36 Wall St.
Ani«terdani, Holland.
NEW VORK
%ns\xxnncz.
THE ENGLISH ASSOCIATION OF AMERICAN
BOND AND 8HABBH0LDKRS (LIMITED) are
ADOLiPH BOISSEVAIIV
A.nglo-Californian
TOWNSEND,
London, or otherwise.
LiONDON, EBTGLAiyD.
or
Buy and
$7,500,000
Paid-up Capital
Reserve Fund
3.900,000
Reserve Liability of Proprietors
7,600,000
The Corporation Krant Drafts, issue Letters of
Credit for use of Travellers, and ncKotiate or collect
Bills payable at Bombay,
Calcutta, Singapore,
SalKon. Manil% Hohk Kohk. Koot^bow, Amoy,
Nin^rpo, ShanRhai, Hankow, Yokohama, Hiogo, San
Francisco and I^ondon.
A. in.
Asent, 50 IS^all St.
payments of Interest on Loans, Dividends on
Blake, Boissevain
AQENUY OF THB
British
Loans on the London Market, acts as Agent for
Railways and other Corporations, either in the mat-
Shanghai
BANKING CORPORATION,
REGISTRATION OF
American Kailway Shares.
BBANCHK8 IN ONTAKIO,
NiaKara Falls.
Port Colborne.
ot Trustee
Cashier.
HEAU OFFICE TORONTO.
Essex Centre,
Fergus,
Company tindertakes the bnalnesi
London*
Bills neKottated or sent for collection.
Telef^raphlc transfers made.
Deposits received in London at Interest for fixed
periods, on termi whlnh mar be Ascertained on application.
PRIDKAUX 8KLBY. Secretary.
£9 T 1,8 60 SterUnK.
Loans of approved Railways, negotiates and
to
ter of
Imperial Bank of Canada
CAPITAL (paid up), - - $1,500,000
URPLVS, ....... $660,000
Street,
Paid-up Capital,
-£1,600,000
Reserve Fund.
800,000
Reserve Liability of Proprietors
under the Charter - - - - 1,600,000
Letters of Credit and Drafts issued on any of the
numerons branches of the Bank throughout Australia and New Zealand.
Hong Kong &
Som. S9
Alsx'k Lang.
Tbreadnee^e
ALBERT
A
i
!
B. HACHFIBLD,
No. «>« »»ln> Bt»-»»t
StrasBburger. B.W.Strassburger. Leo.Strassburger
Strassburger
No. 16
&
Sons,
Commerce St.,
M«MTaOBtBaLir»
A)kA>r
j
@FedFRASER